The 10 Wealth for Life Principles

  1. I will live within my means.

  2. I will maximize my income potential through education and training.

  3. I will effectively manage my budget, credit, debt, and tax obligations.

  4. I will save at least 10% of my income.

  5. I will use homeownership as a foundation for building wealth.

  6. I will devise an investment plan for my retirement needs and children’s education.

  7. I will ensure that my entire family adheres to sensible money management principles.

  8. I will support the creation and growth of minority-owned businesses.

  9. I will guarantee my wealth is passed on to future generations through proper insurance and estate planning.

  10. I will strengthen my community through philanthropy. 

 

Credit: Black Enterprise Wealth for Life

745 Eastern Avenue SE, Grand Rapids, MI 49503, 616-245-2207