The Black Wealth Initiative

It's time for you to stand and deliver.

42.5
To generate supplemental income 38.6
To start a business 32.8
Other 6.1

3: How long have you invested in the stock market?
ANY STOCK MARKET INVESTMENT (77.7%)
20 years or more 3.0%
16-20 years 3.6
11-15 years 6.5
7-10 years 11.8
4- 6 years 15.9
1- 3 years 25.4
Less than 1 year 11.5
HAVE NOT INVESTED (22.3%)
Average (years) 5.6 Median (years) 4.1

4: If you have not invested in the stock market, what has kept you from doing so? *

Feeling that you do not have
adequate funds to invest 55.0%
Lack of information 36.5
Fear of losing money 22.6
Lack of access to advisors 14.6
Mistrust of brokers & financial
service firms 8.5
Other 16.7

5: Which of the following criteria do you
use to determine wealth? *

Net worth 84.2%
Income 57.0
Education 29.9
Profession 23.3
Social position 10.0
Neighborhood 9.7
Family background 7.7
Other 7.8

6: Would you say that you represent a first-generation stock investor in your family?

Yes 66.2%
No 27.3%
Don’t know 6.5%

7: Which best describes how you started investing your money?

Through work(401k, 403b,
company savings plan, etc.) 56.8%
On your own 27.0
With the help of a broker, financial
planner/investment advisor 8.8
Through an investment club 2.1
Other 5.3

8: If you have not invested in the stock market, what has kept you from doing so? *

Feeling that you do not have
adequate funds to invest 55.0%
Lack of information 36.5
Fear of losing money 22.6
Lack of access to advisors 14.6
Mistrust of brokers & financial
service firms 8.5
Other 16.7

8: If you have not invested in the stock market, what has kept you from doing so? *

Feeling that you do not have
adequate funds to invest 55.0%
Lack of information 36.5
Fear of losing money 22.6
Lack of access to advisors 14.6
Mistrust of brokers & financial
service firms 8.5
Other 16.7

9: At what age did you start investing?

12 or younger 2.4%
13-19 5.1
20-29 54.9
30-39 29.1
40-49 7.4
50-59 0.9
60 or over 0.1

Average age 28.4
Median age 27.4

10: How did you first learn about investing?

By reading financial magazines
& publications 40.1%
From friends/associates 26.2
From your parents 14.0
By taking courses 8.1
Internet 1.6
Other 9.9

11: I would prefer to work with a financial planner of the same race.

AGREE 52.2%
Strongly agree 25.2
Agree 27.0

DISAGREE 3.1
Disagree 2.8
Strongly disagree 0.3

The race of the financial
planner does not matter 44.7

12: What percentage of your financial transactions do you conduct through
a black-owned financial institution?

100% 1.0%
75-99% 1.1
50-74% 2.5
25-49% 3.3
15-24% 3.0
10-14% 3.7
5-9% 4.5
Less than 5% 14.0
None 66.9

KEEPING TRACK OF YOUR MONEY

Below, we have provided two worksheets to help you get started. The first is the B.E. Wealth Calculator, which will help you figure out your current financial standing. The second, the b.e. Cash Flow Monitor, should serve as a monthly guide to help you oversee money inflows and outflows and make necessary adjustments.

ASSETS
Checking account
Savings account
Savings certificates
Savings bonds
Market value of home/apartment
Market value of other real estate
Cash value of life insurance
Surrender value of annuities
Equity in pension or profit-sharing plans
IRA and Keogh plans
Market value of:
stocks
bonds
mutual funds
Other investments
(including collectibles
and precious metals)
Current value of:
automobiles
household furnishing & appliances
furs and jewelry
Loans receivable
Other assets
TOTAL ASSETS
LIABILITIES
Current bills
Mortgage balance
Credit card balance
Auto loans
Student loans
Check overdraft line of credit
Home equity loan
Margin loan
Other debts
TOTAL LIABILITIESCURRENT NET WORTH (assets minus liabilities)
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$___________$___________
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$___________

INCOME
Take-home pay
Bonuses
Self-employment income
Net income from rental properties
Interest
Dividends
Other (specify)
TOTAL INCOME
OUTGO
Mortgage or rent
Property taxes
Income and Social Security taxes
not withheld by employer
Alimony, child

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