In the Black: Live Faithfully, Prosper Financially: The Ultimate 9-Step Plan for Financial Fitnessby Aaron W. Smith, Brenda Lane Richardson
With economic uncertainty reaching unprecedented levels, Aaron W. Smith's accessible nine-step plan to take control of your financial future will resonate whether you're just starting out or finding yourself midlife with concerns about your retirement. In The Black will transform your retirement plans, regardless of income, by offering concrete advice on/b>… See more details below
With economic uncertainty reaching unprecedented levels, Aaron W. Smith's accessible nine-step plan to take control of your financial future will resonate whether you're just starting out or finding yourself midlife with concerns about your retirement. In The Black will transform your retirement plans, regardless of income, by offering concrete advice on what opportunities are available and using real-life examples to illustrate how anyone can achieve their financial dreams be they middle- aged and facing debt or actively saving since their early twenties.
In clear, easy-to-follow steps, readers will learn how to:
- Overcome historical resistance to investing
- Save for retirement while keeping kinship ties intact
- Use faith as a motivator for saving and strengthening financial discipline
- Break through denial about changes in Social Security and pension plans. . . and much more.
Veteran financial adviser Smith focuses on the financial needs of African-Americans, emphasizing the importance of saving, budgeting, investing in retirement plans and risk management, all with an eye to historical patterns that may impede African-Americans from attaining financial security (such as the community's resistance to investing). Sprinkling the text with references to spirituality and to his Aunt WaWa's no-nonsense advice, Smith shares uplifting case studies of clients and public figures, ranging from the wealthy and successful (e.g., Supreme Court Justice Clarence Thomas, a multimillionaire couple, a single mother and successful entrepreneur) to those struggling to find their financial footing (e.g., one man fighting to rebuild his life postincarceration and another who successfully overcame the addictions that had destroyed his family life and left him destitute). With nine million African-American baby boomers slated to retire between now and 2029 and the current economic crisis testing the confidence of the public at large, Smith's work is a timely volume urging individuals at all income levels to improve their financial literacy and take control of their economic futures. (May)Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
- HarperCollins Publishers
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- 5.30(w) x 7.90(h) x 1.00(d)
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Meet the Author
Aaron W. Smith is the founder and president of A. W. Smith Financial Group, Inc., a comprehensive financial planning firm based in Richmond, Virginia. Smith has more than ten years of experience in the financial services and insurance industries. He holds several securities and insurance licenses and is also a Registered Player Financial Advisor for the National Football League Players Association.
Trained as a minister, Brenda Lane Richardson is a journalist, active public speaker, and the author of Story Power, The Language of Fertility, and Chesapeake Song. She has written a column for the Oakland Tribune, and her work has appeared in Essence, Glamour, Ms., and the New York Times Magazine.
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A friend of mine suggested I read this book. I've read many other financial planning books by notable individuals, this book however, was very comprehensive, easy to understand and appealed to me on many different levels. It not only offered sound advice and examples of client situations, but the advice was alsco scripturally based without coming across as being 'preachy.' If you are not a religious person, please don't be discouraged by this because the author only lists a scripture at the end of each chapter and simply encourages the reader to reflect on that and how it pertains to them as an individual and their situation. I particularly liked Mr. Smith's advice for younger individuals regarding Long Term Care Insurance. I found it to be practical and useful. The worksheets at the end were also quite helpful. The book is written in easy to understand language and everything is thoroughly explained but in terms that a lay person or one with no financial background (like myself can comprehend). A must read, especially in today's economy!