How to think like a Rich Black Woman:

What Rich Black Women Know

  To many times we focus on what wealthy women have and not what it takes to get that glorified six figure account balance. Clothes and cars are of depreciating value but it’s what many of us strive for. We want people to see we are eating well, we want people to see we’ve got a pay raise. The truth of the matter is Wealthy people don’t need to floss what they have because others opinions don’t matter. 
Lets take a look at what wealthy Black Women Know, so we can begin to accumulate finacial stability.
Center for Community Economic Development Research: The average black woman has $100 to her name.
10 Habits of Financially Successful Black Women 
Provided by Essence Magazine
  1. They are cash flow conscious (Carry little debt, reinvest back into their businesses, Stay in savings mode.)  MIMO- Money In Vs. Money Out
  2. They have lots of insurance PALS- Protect Assets and LifeStyle.
  3. They are obsessive about order. No purse full of receipes. File receipts.
  4.  They create multiple streams of income. Generate income that is not overly dependent on your time. Earning from blogging, selling on ebay, renting investment property, book royalties or stock dividends.
  5. They destroy their debt. Stop putting money in your savings account and put money towards your debt
  6. They reinvest in their businesses
  7. They invest in stock
  8. They don’t underfund their 401k’s
  9. The look out for #1
  10. They Believe in their power to prosper     
Ok, now you know what Rich Black Women do to attain and maintain wealth. Are you currently doing any of these things. If not start now!! Tomorrow never comes and yesterday is gone forever. There is no time like TODAY.
Black Girl Rising2Power signing off,
-Live, Give and Love Abundantly 

Leave a comment