Wealth in the Black community continues to grow. This is creating another need within the community—financial education.
Some Black investors may lack financial know-how because it may not have been passed down by their parents, or good money habits may not have been shared. For modern investors today, that lack of financial education is a danger to building a legacy of wealth. So how do you learn more about money and pass on that knowledge?
Partner with Professionals—Find a financial advisor whom you can trust. It should be someone who makes you feel comfortable and respects your personal story. Be prepared to share your current financial situation, and what goals you want to achieve.
Follow the Leaders—Your story is your own, but it never hurts to look for inspiration from those who have made the journey. Talk to others in your circle who have built their own financial plan with the help of a professional and ask how they made their decisions. If nothing else, it can help increase your knowledge about financial products, saving/debt management, and investing tactics.
Share the Wealth—Most of all, share what you have learned with those you love. This is the best way to empower the next generation and build a legacy of change.
Kinecta Wealth Management can help you find your financial freedom. We specialize in building diversified portfolios and can help you find your best recipe to work toward financial independence. We will listen to your story and help you create a tailored investment plan based on your goals and your tolerance for risk. We will also stay with you as your investments mature, explaining changes, offering adjustments, and refreshing your plan as situations and circumstances of your life change. Come in and let’s start a conversation about building your personal success story.
This material was prepared for Kinecta Wealth Management's use.