While owning a home can be an effective way to build long-term wealth, it's not the only path to financial success.

For Black Americans, taking advantage of historical interest rates available on high-savings accounts could be a game-changer.

Blindly following anyone's recommendations, including mine, can be a recipe for financial disaster.

In this blog post, we will explore how cooperative ownership can be leveraged as a model to address the challenges faced by black families in the face of rising interest rates and limited housing affordability.

Again, my point is simple: open your eyes to the value that can be added while avoiding major repairs that drain money. You want to rent units quickly after closing your first property. This is your key: discover a property where you can add value.

When properly implemented, this can have a dramatic effect on the financial legacy of your family.

The recent collapse of the cryptocurrency market has been a devastating blow to many investors, but it has been especially detrimental to Black Americans. Many had hoped that investing in crypto would be a way to grow their wealth and participate in the financial gains made by other communities.

While there's no denying that cryptocurrency was a major trend in 2020 and early 2021, it's also important to understand that without the necessary financial education, some investors may have lost a significant amount of money when the bubble burst.

By following the “recipe” of Hoppin’ John – saving & investing – we can start to cook up some financial stability and make our dreams come true in 2023.

The Culture of Money #GiveSavings campaign works to encourage people each year to save money, starting on Black Friday.

Most struggle to pay back debt. The average person spends on average, $7,361 a year to make their payments. And with interest, that can amount to quite a hefty bill. Getting out of debt and getting ahead might seem like impossible tasks. Following these steps will help you get out of debt fast, even if you're broke.

Discover Everything You Need To Know To Build Black Wealth And What Obstacles You Can Expect To Face Along The Way. Join The Culture Of Money Journey.