In the Black: Live Faithfully, Prosper Financially: The Ultimate 9-Step Plan for Financial Fitness

In the Black: Live Faithfully, Prosper Financially: The Ultimate 9-Step Plan for Financial Fitness


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Product Details

ISBN-13: 9780061450693
Publisher: HarperCollins Publishers
Publication date: 05/12/2009
Edition description: Original
Pages: 336
Product dimensions: 5.30(w) x 7.90(h) x 1.00(d)

About 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.

Table of Contents

Acknowledgments ix

Introduction: How Reading This Book Can Change Your Financial Future 1

Step 1 Figure Out What You Really Want

Chapter 1 Defining Your Values 17

Chapter 2 Getting Your Goals Straight 28

Step 2 Envision Your Financial Future

Chapter 3 Facing Reality and Exploring Your Dreams 45

Chapter 4 Creating the Financial Plan That's Right for You 53

Step 3 Work Your Money

Chapter 5 Paying Yourself First 67

Chapter 6 Getting a Handle on Your Spending 84

Step 4 Quit Strumming the Money Blues

Chapter 7 Paying Down Debt 97

Chapter 8 Maximizing Your Cash 109

Chapter 9 Pinpointing the Amount You Need to Retire 118

Step 5 Put the Pieces Together

Chapter 10 Knowing When to Take Social Security 137

Chapter 11 Choosing Traditional or Roth IRAs 152

Chapter 12 Recognizing an Annuity for What It Is 163

Step 6 View Home Ownership as a Viable Option

Chapter 13 Understanding Our Passion for Real Estate 181

Chapter 14 Knowing Whether to Rent or Buy, Stay or Downsize or Relocate 195

Step 7 Don't Just Play the Market, Understand It

Chapter 15 Making Wall Street Work for You 217

Step 8 Protect Your Assets

Chapter 16 Selecting Insurance That Fits Your Needs 235

Chapter 17 Keeping Income Flowing for the Rest of Your Life 251

Chapter 18 Choosing a Financial Professional 279

Step 9 Enjoy the Richness of Your Life

Chapter 19 Leaving a Legacy 291

Chapter 20 Reinventing Your Life 301

Appendix: Worksheets for Tracking Your Expenses 307

Notes 315

What People are Saying About This

Mary Beth Franklin

“In the Black fills a void in the much under-served niche of financial planning for African Americans.… This book will empower you to move forward.”

Suzan Johnson Cook

“If you’re worried about retirement, read this book. It’s filled with the Holy Spirit, fun to read and easy to follow.”

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In the Black: Live Faithfully, Prosper Financially: The Ultimate 9-Step Plan for Financial Fitness 3.5 out of 5 based on 0 ratings. 2 reviews.
Andrea728 More than 1 year ago
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!
Anonymous More than 1 year ago