It’s no secret that the Black community has and is still facing difficult financial times. According to research, there is a wealth gap that places Black people at a disadvantage when it comes to wealth. Developing your financial literacy is a great way to improve your money management, and many personal finance books offer helpful financial advice.
However, Black-American historical and economic experiences have shaped the lens through which we black people see money matters. Hence, it is crucial to learn from experts who understand our uniqueness and challenges as Black Americans. Fortunately, many Black finance professionals and Black authors are providing financial solutions to black people based on that deep understanding.
In this article, we share five (5) significant finance books by Black authors that will forever change how you manage your finances.
Here Are the Top 5 Personal Finance Books by Black Authors You Should Read
- The Wealth Choice: Success Secrets of Black Millionaires by Dr. Dennis Kimbro.
Dr. Dennis Kimbro is the author of several books, including Think and Grow Rich: A Black Choice, a motivational speaker, and former director of the Center of Entrepreneurship at Clark Atlanta University.
In his book, “The Wealth Choice: Success Secrets of Black Millionaires,” he shares the secrets of the financial success of 1,000 of the wealthiest African Americans. He introduces the techniques employed by millionaires using these motivational tales of men and women from all walks of life and professions.
You’ll discover how to develop a wealth-generating mindset and way of life, commit to lifelong learning, set passion-driven goals, make short-term sacrifices for long-term gain, and take calculated risks when the opportunity presents itself.
- Get Good With Money: Ten Simple Steps To Becoming Financially Whole by Tiffany Aliche
If you are willing to invest in personal development growth in order to achieve your financial goals, Tiffany’s Get Good with Money will help you put all the pieces of your financial life together without making you feel overwhelmed or ashamed of your situation.
Tiffany Aliche, also known as the Budgetnista, is a highly esteemed financial educator and the number one bestselling author of the Live Richer Challenge and The One Week Budget on Amazon.
Whether you need to budget better, slash debt, and save more money or learn to invest, boost your net worth, and build wealth, no matter where you stand in your money journey, Tiffany Aliche offers excellent financial advice. and her book has a lesson or two for you!
- MoneyChat THE BOOK: How to Get Out of Debt, Successfully Manage Your Money and Create Financial Security” by Dorethia Conner-Kelly
Do you have questions about how to create and prioritize a budget, where to deposit your savings, how to get extra cash when you need it without using a payday loan, or how to set aside money for college?
Financial coach Dorethia Conner-Kelly answers these questions with how-to strategies to fill the gap between financial information and application in her “#MoneyChat THE BOOK: How to Get Out of Debt, Successfully Manage Your Money and Create Financial Security.”
Though it seems to have a crazy long title, it guarantees crazy-good financial results.
- The 21-Day Financial Fast” by Michelle Singletary
Looking for ways to get out of debt and properly manage your finances? In Michelle Singletary’s “The 21-Day Financial Fast,” you’ll discover practical ways to achieve financial freedom and experience what it truly means to live a life of financial peace and prosperity.
The Washington Post columnist and award-winning writer propose a field-tested financial challenge that requires participants to put away their credit cards and buy only the barest essentials.
With Michelle’s guidance, during this three-week financial fast, you will: discover how to break bad spending habits, plot a course to become debt-free with the “Debt Dash Plan,” avoid the temptation of overspending for college, learn how to prepare elderly relatives and yourself for future long-term care expenses, be prepared for any contingency with a “Life Happens Fund,” stop worrying about money and find the priceless power of financial peace.
- The Black Girl’s Guide to Financial Freedom by Paris Woods
Paris Woods is an author, philanthropist, nonprofit founder, and lifelong educator. Having worked at some of the Us’ top institutions, she decided to find a way to build wealth without changing careers or taking the traditional real estate or business routes. After years of research, trial and error, and guidance from many financial experts, she landed on some simple principles that changed her money game, which she shares in this book.
Writing with the heart of a teacher, Paris breaks down seemingly complex financial topics into simple and actionable advice that anyone can follow, using real-life stories and clear and actionable advice.
The Black Girl’s Guide to Financial Freedom is an excellent choice if you’re a young professional just beginning to set financial goals or a mid-career woman tired of following the same old rules and ready to live life on your terms.
So, whether you’re looking to learn how to create generational wealth, avoid common financial pitfalls, earn your next degree debt-free, achieve financial independence, retire early, and design a dream life, these Finance books by Black authors have got you covered.