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