The Wealth Choice: Success Secrets of Black Millionaires

by Dennis Kimbro

Overview

Bestselling personal finance author Dennis Kimbro interviews prominent black millionaires to learn how they got where they are and offers key insights for those struggling to reach the next level.

It's no secret that these hard times have been even harder for the Black community.

Approximately 35 percent of African Americans had no measurable assets in 2009, and 24 percent of these same households had only a motor vehicle. Dennis Kimbro, observing how the weight of the continuing housing and credit crises disproportionately impacts the African-American community, takes a sharp look at a carefully cultivated group of individuals who've scaled the heights of success and how others can emulate them. Based on a seven year study of 1,000 of the wealthiest African Americans, The Wealth Choice offers a trove of sound and surprising advice about climbing the economic ladder, even when the odds seem stacked against you.

Readers will learn about how business leaders, entrepreneurs, and celebrities like Bob Johnson, Spike Lee, L. A. Reid, Herman Cain, T. D. Jakes and Tyrese Gibson found their paths to wealth; what they did or didn't learn about money early on; what they had to sacrifice to get to the top; and the role of discipline in managing their success. Through these stories, which include men and women at every stage of life and in every industry, Dennis Kimbro shows readers how to:

· Develop a wealth-generating mindset and habits
· Commit to lifelong learning
· Craft goals that match your passion
· Make short-term sacrifices for long-term gain
· Take calculated risks when opportunity presents itself

Product Details

ISBN-13:	9781137279149
Publisher:	St. Martin's Publishing Group
Publication date:	06/03/2014
Edition description:	Reprint
Pages:	304
Sales rank:	91,385
Product dimensions:	6.10(w) x 9.10(h) x 1.00(d)

About the Author

Dennis Kimbro is the author of several books, including Think and Grow Rich: A Black Choice, and is a certified Napoleon Hill Science of Success trainer and leadership coach. Kimbro's motivational lectures have influenced the boardrooms of General Motors, Walt Disney, Frito-Lay, and Wells Fargo. He has appeared on such shows as the Today show and Larry King Live, and has been featured in Success, The Wall Street Journal, The New York Times, and USA Today. Kimbro is listed in Who's Who in Black America and is the former director of the Center of Entrepreneurship at Clark Atlanta University.

Table of Contents

Acknowledgments v

Introduction: A Wealth of Knowledge: The Most Powerful Economic Weapon 1

The First Law of Wealth

Chapter 1 Decision: Resolve Now That You Will Not Be Poor 39

The Second Law of Wealth

Chapter 2 The Haves and the Have Nots: The Difference That Makes the Difference 79

Chapter 3 Believe in Thyself When No One Else Will 111

The Third Law of Wealth

Chapter 4 To Thine Own Self Be True: Find Your Unique Gifts 149

The Fourth Law of Wealth

Chapter 5 How May I Serve Thee? 183

The Fifth Law of Wealth

Chapter 6 The Road Not Taken 217

The Sixth Law of Wealth

Chapter 7 Make Thy Money Grow 245

The Seventh Law of Wealth

Epilogue: One Final Lesson 277

Notes 285

Index 295

Editorial Reviews

Kimbro aims to empower, encourage and educate readers to rethink their relationships with money. Filled with good advice, this faith-based primer will cheer readers up and on.” —Success Magazine

“A thoughtful, encouraging guide to creating a life that welcomes wealth.” —Publishers Weekly

“Readers of all races and ethnicities will appreciate these inspiring stories and insights on overcoming obstacles and achieving wealth.” —Booklist

“Dennis Kimbro deftly pinpoints the factors that create wealth, and more importantly, those that allow an individual to retain it. His comprehensive research has culminated in an inspiring, timely, and insightful work.” —Dr. Randal Pinkett, Chairman and CEO of BCT Partners, Co-author of Black Faces in White Places

“Dr. Kimbro has crafted a radically fresh masterpiece that cogently articulates the instinct, spirit, and resolve of the Black Millionaire. This instructive and highly readable synthesis weaves together lucid gems of wisdom gleaned from a broad spectrum of experiences and sources, and should be required reading for anyone with even a faint desire to succeed. Every accomplished 'doer' utilizes the concepts in this book…but it took Dr. Kimbro to write them down for the rest of us. Pure genius!” —Valerie Daniels-Carter

“Very simply, The Wealth Choice is the only choice. After the long and storied history of civil rights, what we need most now is a new and relevant vision that shows how to make free enterprise and capitalism actually work for the poor. Dennis Kimbro is giving this generation and the next the password to future achievement in America, and beyond. I, for one, am with him.” —John Hope Bryant, founder of Operation HOPE

From the Publisher

Kimbro (Think and Grow Rich: A Black Choice) offers an inspirational, faith-driven guide to creating the mindset and opportunities for financial success. Though African-Americans have come a long way over recent decades, there's still a lot of ground to be made up as far as financial success is concerned. A disciple of Napoleon Hill, wealth-creation guru and Think and Grow Rich franchise creator, Kimbro wants to help his readers develop the thought processes and habits that will help them achieve success. Through stories of African-American millionaires, and studies of their demographics, the author describes the differences in the mindsets of the haves and have-nots, the importance of loving your work, making a conscious resolution not to be poor, having a strong work ethic, giving back to your community, and believing in yourself and your God-given potential. Kimbro's seven laws of wealth—outlining the wealth-focused mindset—encourage readers to focus on their goals and take control of their destinies through hard work, faith, and resolve. A thoughtful, encouraging guide to creating a life that welcomes wealth. Agent: Wendy Keller, Keller Media. (Feb.)

Publishers Weekly

A study of black millionaires is the basis for this presentation of the laws of wealth. Motivational lecturer Kimbro (What Makes the Great Great, 1996, etc.) adds this latest title to his series of self-help books aimed at the black community. He presents the thinking and habits that some of the 1,000 people included in his studies of black millionaires employed on their road to success. These include director Spike Lee, Tyler Perry, Richard Parsons, Terry McMillan and Bob Jones of the BET network. Rather than offering practical tips, the author aims to convey the changes in thinking, outlook and habit that have proven integral to success. In different ways, he frequently repeats his conception of success, which includes such insights as, "your net worth will equal your self-worth," or "the pursuit of wealth is not only legitimate but a duty." This single-minded fixation on the goal is part of what distinguishes Kimbro's teachings from "what they teach at Harvard Business School." The author emphasizes the massive importance of self-confidence and a firm belief in one's own abilities. "Security? There's no such thing," he writes. "There's only opportunity…entrepreneurship is an endless adventure." Ultimately, Kimbro presents a study of the acquisition of wealth for those who wish to be wealthy. A few helpful kernels amid a monotonous, repetitive text.

Kirkus Reviews