I’m a contributor to Business Insider and often write about personal finance. I recently participated in an important project there about the racial wealth gap, which was developed by my editor.
For instance, the United States has the greatest number of millionaires — 18.6 million, or 40 percent of the world total, according to the 2019 Global Wealth Report by Credit Suisse — but that doesn’t mean millionaires are the majority of this country’s population. In fact, the report notes that the level of wealth inequality “is high, both within countries and for the world as a whole.”
Since knowledge can help others, I want to make clear that I don’t think sharing your story is bragging at all.
The gap is even wider when we look at Black and white Americans. In recent decades, the median net worth for white households has “far exceeded” that for Black households, according to the Brookings Institution, and the gap is only growing.
Still, I think it’s important to highlight the Black people who have found success in America over the years. Knowing our history matters, but we also can consider how to grow beyond our original circumstances. I decided that I wanted to write a story about it. I pitched my editor, and got the assignment.
By the way, if you want to learn how to be a professional writer, or write for outlets you love, check out my recent YouTube video.
So how can we build wealth? One way is to know what’s possible and how to do it. But we don’t always discuss money openly in America.
I’ve dedicated my career to sharing information. And since knowledge can help others, I want to make clear that I don’t think sharing your story is bragging at all.
So see my story over on businessinsider.com for straightforward advice on building wealth from three Black millionaires—who didn’t start out that way. Then check out the other stories in the series, including my second piece on how to bridge the investing gap.
Do you realize you can build wealth? Do you want to learn more about how, including advice on investing? I’ve written about this in the past (and done YouTube videos) and plan to keep sharing on this!