Building Black Wealth: Simple and Powerful Steps that Blacks Can Take in Order to Build Wealth

by Richard Miller, Lamont Shannon (Photographer), Elaine Young

Overview

Finally, the Mystery surrounding "Wealth Building" has been Exposed! In his book Building Black Wealth, Rich Miller presents detailed and simple steps that anyone can take in order to build wealth. Miller demonstrates that you don't need a PhD, or a college degree in order to be wealthy. His book presents details on how to save cash for your starter home, how to live "Rent Free", and how to purchase rental properties with the money that you save from living rent free.
The First chapter entitled: "FICO is Your Friend", not only demonstrates the leverage derived from having good credit, but it teaches you: the components of your credit scores, the various models utilized by creditors, and most importantly, the steps you can take in order to raise your credit scores. This chapter was written to help young people understand the importance of establishing "Good Credit", at "An Early Age"! It will help them avoid taking on debt they can't afford. Debt that will sideline them from building wealth at an early age. Although the book focuses on passive income derived from owning real-estate and rental properties, Miller also discusses other income streams like: Residual income from the sale of Insurance, from owning ATM Machines, from writing books, or making movies. Then there's Stock Market income from investing that passive and residual income in the Stock Market.

This book is a "Must Read for Young Blacks," and for anyone interested in building generational wealth.

Product Details

ISBN-13:	9781734916577
Publisher:	Richard A. Miller
Publication date:	03/16/2022
Pages:	110
Product dimensions:	6.00(w) x 9.00(h) x 0.31(d)

About the Author

In his second book Building Black Wealth Rich Miller provides simple and clear information on how to build personal and generational wealth. He gives you step by step instructions for wealth development and shows how he used those principles in his own life. Due to removal of courses in fundamental economics, business development and things like banking, many young people today have little exposure to the principles of wealth development. Often times the information provided in this book is never made explicit to many segments of the population. Miller’s book is written in plain straight forward easily digestible language.
What makes this book more interesting is that Miller uses his own life & financial experiences as examples, so he actually shows how the principles he suggests work in “real” life. He discusses the importance of planning, sacrifice and organization. But he also stresses the fact that everyone can develop a wealth portfolio and it is never too early or late to do it no matter who you are.
Miller isn’t trying to sell the readers anything, he is trying to empower people to take control of their own lives and financial destiny. With this book Miller is giving back to the community, by passing along the “entrepreneurial spirit” he received from his parents. This book is a must read for every young adult and anyone wishing to improve their financial condition. Although the book is called Building Black Wealth the information outlined in the book is useful for all populations wishing to develop their wealth portfolios.