What 3 Self-Made Millionaires Want You to Know About Building Wealth

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!

Share

Video: You CAN Make Money as a Writer—5 Truths

Want to make money as a writer? You can. You just have to know the truth about common myths, and then push forward to get there. 

Some background: If you’ve visited my site before you know my writing has reached tens of millions of readers over my career. And I’ve worked as a freelance writer, magazine editor, staff writer and editor, and more. 

During this time, I’ve seen similar questions from people who want to get started writing or get better at it. And I’ve often seen writers make the same mistakes. So in this video, I present five myths about professional writing—and share the truth about each one.

If you want to get paid to write for a career, or even for a side hustle as we work more from home, this video is for you. 

Watch for the facts about how you can get started—or get better!—writing for magazines, websites, and more. And info on how you can make money in the writing business. 

Then feel free to like or share this video, and subscribe to my YouTube channel. Or comment or email me if you have any questions about professional writing or want a free consult for my coaching program.

And stay tuned—I’ll be sharing more videos with you!

Share

Panel Presentation: How to Connect With Diverse Audiences

A screenshot from the ASJA line-up.

Diversity may seem like a buzz word these days. But it’s more than that—and it’s important to keep in mind if we’re communicating with other people for work…and beyond.

As writers, we seek to develop and share stories that are well-reported, accurate, and engaging. To do this, we should know when stories are indeed ours to write, how to connect with sources who are reflective of the landscape, which terms to use (and avoid) to help provide clarity and avoid stereotypes, and more.

A few weeks ago, I hosted a panel at the American Society of Journalists and Authors virtual conference to talk about all of this. And to share tips and considerations for reporting and writing stories that can accurately represent a variety of sources and effectively connect with diverse audiences.

By the way, diversity doesn’t just refer to differences in race and ethnicity, though those are often discussed. It also can refer to differences in gender identity, ability, religion, political affiliation, and more. Basically, we just need to keep in mind that everyone isn’t like us—and remember that our experiences are not necessarily those of our readers. We also can actively seek out interviews and discussions with people outside of our typical spheres. If we’re striving to be objective and inclusive in our story-telling, this is a start.
⁣⁣⁠⠀
So how’s your communication going these days? Are you facing any hurdles in this area?

If you missed the session, you can access the replay via ASJA. You’ll see my tips on how to find new great sources, how to connect with people who are different than you (and why you should!), and how to get introspective about your own thoughts and potential limitations so you can find success.

Talk soon!✨⁣⁣⁠⠀

Share

Video: 7 Ways to Fight Loneliness

Did you know feeling lonely can affect your health? It’s been linked with increased risk of cardiovascular disease, diminished sleep quality, and more, even after controlling for various other factors, reports University of Chicago Medicine.

And with social distancing in effect, we can really feel lonely. ⁣

I reported on this topic for Sisters From AARP, where I’m a freelance contributing editor— and again, just recently, on my YouTube channel.

In this new video, I reveal seven ways to grow your relationships and feel more connected. Right now. ⁣(Even if you watch this video after distancing has been lifted in your area, the tips still can apply.)

Please watch and share. And feel free to subscribe to my channel.

How are you feeling as we physically distance? ⁣I hope this info helps you or someone you know. ?

Share

Video: How to Stay Calm in the Stock Market

Emotions are understandably high now as we deal with the COVID-19 pandemic. These days, the stock market is up and down, employment situations are becoming more shaky, and times can be hard as we physically distance. But if we can keep our emotions out of investing, that change can help us in that arena at least.

I’v been busy writing and editing the last few weeks, with a major focus on wellness and personal finance. As we continue to deal with the ongoing coronavirus pandemic, and watch the news from home, things can be difficult. Which is why I’ve been making an effort to deliver positive news as I can.

With all of the writing I’ve been doing on personal finance, including a story on six things to know about investing for Sisters From AARP (where I’m a freelance contributing editor), as well as my articles for Business Insider (where I’m a contributor, too) it seemed like an appropriate time to do a quick video message, too.

Please watch the video to see more on why we shouldn’t panic about investments now (including our retirement accounts and others), even though we’re in turbulent times. I think points two and three—on keeping emotions out of investing and understanding that the market will turn around—are especially key to remember.

Sending you all my best during this time.

Share

Growth Is the Goal

As this month comes to a close, I’m reminded of what I’ve learned. The new things I’ve tried. The myriad opportunities that are here now and ahead.

I’ve accomplished a lot, and you probably have, too. So you also probably realize that success isn’t immediate. The best ideas can start with a seed that then grows and matures. And growth—through life’s storms and during the sunny days—is what matters.

So as long as you’re moving, learning, being challenged, please keep going. It’s actually good when life isn’t simple. It’s good when we face challenges. The things we’ve beaten can prepare us for the next round of the fight.

These things can prepare us for big victories.

So, like the sunflowers of summer–and those that will sprout this fall (I can’t wait to see those!)–let yourself grow.

Look to the light. Start that new venture, pitch that story, write that book, have that key conversation. Do the things you’ve been wanting to do.

Experience it all. And let yourself live.

For more views of these gorgeous flowers and my latest musings on writing and life, please visit me on Instagram.

And if you need a hand with your writing projects or career goals, see this page or this one for details on how I can help.

Share

Writing Tip: Where to Find Inspiration

I’ve been a professional writer and editor for more than a decade. (Where did the time go?!) And I wrote for fun for many years before that.

One question that comes up when it comes to writing and creativity is this: Where do you get ideas? Whether we’re writing on deadline or writing just for fun, our ideas have to come from somewhere. And, in my experience, ideas for stories can come from all around us.

For instance, I wrote about the benefits of training for surgery for The Washington Post after I discovered a related study—and dug in for more research. And I wrote about five tips to protect your hearing for Men’s Health after noticing loud sounds in my own environment.

Recently I went to the John F. Kennedy Center for the Performing Arts to see a ballet. There, I ran into this exhibit of worldwide photos of hope and resilience (see above). It was another example of how surprises can pop up anywhere and at any time–and how we should be open to them. But it also reminded me that inspiration for writing, other creative pursuits, and even life plans can come from all around us. In fact, I think it’s really cool that we can soak up creativity even in our hometowns—without trying hard or traveling far.⁣⁣

(Side note: If you haven’t been to the Kennedy Center, do check it out when in DC—for everything from opera to ballet. This free exhibit via the National Geographic Photo Camp features photos from at-risk and refugee youth and runs through June 20, 2019.)

So here’s the takeaway: Story ideas and life inspiration can come from anywhere. And they can come by surprise. If you’re looking for ideas for your next piece of writing, look around you. Explore your hometown. Travel. Read something you typically wouldn’t. Start a new conversation.

You can find plenty of inspiration if you pay attention.

For more writing tips and daily snapshots, subscribe to this blog or follow me on Instagram!

Or feel free to comment or email me your thoughts or questions about writing and creativity.

Share