The 9 Best Financial Tips and Info for African Americans - Black Enterprise
Black Enterprise Magazine September/October 2018 Issue

Black Enterprise has offered financial information to the black community for nearly half a century. We’ve put a strong focus this year on the financial health and well-being of millennials; on funding startups; on building generational wealth, and many other money concerns of our community. Here are nine of our most-viewed articles that feature incredible accounts of financial achievement; provide an unflinching look at the state of black finances; or offer solid advice on how to create your own wealth for life.

 

$52 MILLION LOTTERY WINNER’S PLANS TO REBUILD HISTORIC BLACK COMMUNITY

After winning a $52 million lottery jackpot in 2010, Miguel Pilgram used his winnings to launch his own real estate company, The Pilgram Group, and invest in properties across South Florida. Now, the successful businessman is committed to reviving Sistrunk Boulevard, a notorious corridor in downtown Fort Lauderdale. Black Enteprise’s digital editor, Selena Hill, has the full story.

 

Miguel Pilgram (Image: Facebook)


 

BALTIMORE MAY SELL HOMES FOR $1 TO REVIVE NEGLECTED NEIGHBORHOODS

Baltimore advocates want to restore this program to curb the city’s blight epidemic and prevent more homes from becoming vacant. The program would also create construction jobs, they say. Find out the details.

 

(Image: Flickr/Eli Pousson)

 


 

MULTIPLE WAYS LIFE INSURANCE CAN BUILD WEALTH FOR BLACKS AND COMMUNITY

Veteran business and finance journalist Jeffrey McKinney investigates the myths and realities of using life insurance to make money. A must-read.

(Image: iStock/monkeybusinessimages)


WELLS FARGO COMMITS $60 BILLION TO INCREASE AFRICAN AMERICAN HOMEOWNERSHIP

The banking and financial services holding company seeks to lend $60 billion to qualified African American consumers for home purchases by 2027, as well as to increase the diversity of the Wells Fargo Home Lending sales team, with $15 million to support a variety of initiatives that promote financial education and counseling over the next 10 years.

Real Estate, first home, homebuyers

(Image: iStock)

 


10 OF THE MOST AFFLUENT AFRICAN AMERICAN SUBURBS IN THE NATION

There is a strong upward mobility trend among African Americans, with nearly 40% residing in the suburbs. 

 

(Image: iStock/FatCamera)

 


HERE ARE 4 SMART WAYS TO USE YOUR TAX REFUND

Black Enterprise contributor Ashley M. Fox provides ways to use your upcoming tax refund wisely.

 

(Image: iStock/NoDerog)


HOW YOU CAN GET YOUR PIECE OF THE AFFORDABLE HOUSING PIE [VIDEO

The “Gentrification: How to Make Affordable Housing More Affordable,” panel took place at Fordham Law School on April 26. It touched on the current state of affordable housing in New York City, the impact of the proposed Trump funding cuts, and solutions. Watch the video and get great information.

(Image: iStock/artisteer)

 


 

THE STATE OF AMERICA’S WEALTHY BLACK PEOPLE

Black Enterprise money writer John Tucker breaks down the data and habits of America’s richest black folk.

 

(Image: iStock/PGGutenbergUKLtd)

 


MEET THE WOMEN WHO ARE FOCUSED ON FIXING CREDIT IN THE BLACK COMMUNITY

This organization is composed of current and former black female legislators who are determined to provide programs and policies to address the social justice and economic empowerment issues faced in black communities.


 

STUDY: EVEN AFRICAN AMERICANS MAKING ALMOST SIX FIGURES FEEL FINANCIALLY INSECURE

A new study reveals that nearly half of African Americans with yearly household incomes between $35,000 and $150,000 feel financial worry. Here’s why.

couple, husband and wife, worried, stress, bills

(Image: iStock/FatCamera)

 

 

 

 

 

 

 

 

Join the Conversation

Samara Lynn

Samara Lynn is a technology journalist, covering the industry for a decade. Her work appears in The Wirecutter, Tom's Hardware, PC Mag, and other online outlets. She's the author of "Windows Server 2012: Up and Running" and previously worked in the IT industry. She's currently the digital manager at Black Enterprise.


MORE ON BlackEnterprise.com