On todays Table Talk With AO we Join Brandy and David on their journey to uncover the secrets of creating, keeping and transferring wealth in the black community.
In this video we learn why we need to change our mindset to reach a positive net worth, and what positive assets we can use to get there. I mean we talk about what liabilities are, the difference between capital gains and cash flow, and what your personal financial strategy should be! Wait a minute? Do you have a financial advisor?
Let’s help you get a plan! Here you get exclusive access to Brandy and David’s valuable information and advice and learn how to get the Keys to Black Wealth and how you can be apart of their upcoming event in Ohio on February 25th!
To start investing in 2023, here are some key steps to take:
- Start by setting clear financial goals: What do you want to achieve through investing? Do you want to build a retirement fund, save for a down payment on a house, or create a passive income stream? Identify your goals and create a plan to achieve them.
- Educate yourself on investing: Before you start investing, it’s important to understand the basics of investing, such as the different types of investment products, risk management, and portfolio diversification. There are plenty of free resources available online, such as investing blogs, podcasts, and YouTube channels.
- Create a budget: To start investing, you need to have money to invest. Creating a budget can help you identify areas where you can cut back on expenses and free up money for investing.
- Choose your investment products: Once you have a clear understanding of your financial goals, risk tolerance, and budget, it’s time to choose your investment products. This can include stocks, bonds, mutual funds, exchange-traded funds (ETFs), or real estate.
- Consider working with a financial advisor: A financial advisor can help you create a personalized investment plan based on your financial goals and risk tolerance. They can also provide guidance on tax-efficient investing and help you make informed investment decisions.
Remember, investing involves risk, and there are no guarantees of returns. It’s important to do your research and make informed decisions when investing your money. By starting early, being disciplined, and diversifying your portfolio, you can increase your chances of building wealth over time.