Back in Wilmington, he worked for an agency that helped first-time home buyers. ”īorn in the mid-1950s, Boston grew up in a public-housing project in Wilmington, Delaware he returned to the area after earning a degree in English literature from Lincoln University in Pennsylvania. “A lot of us are taught that to be righteous is to be poor, and a lot of us take it literally. “Have you been taught to live a life of poverty or prosperity? ” Boston posits in his book. Yet Boston ’s approach, which he describes fully in his 1996 book Smart Money Moves for African-Americans, is termed a “holistic ” one: a wealth-creation strategy that takes into account African American attitudes about money, spending, and saving. Since 1991, The Color of Money has aired on several dozen public television stations, and Boston has become a leading financial guru in a field seemingly glutted with the type. Boston is the host of a syndicated financial-advice program aimed at African American audiences. "About this title" may belong to another edition of this title.Personal-finance expert Kelvin E.
An appendix, the "Power Investing Resource Guide," has invaluable listings of African American^-managed mutual funds, minority business development centers, African American CPA firms, etc. He has a special chapter for women and ends with an inspirational admonishment that spiritual, physical, intellectual, and financial success all go hand in hand. He argues that three of the major institutions in the lives of African Americans-the church, the civil rights movement, and the public school system-all "failed to teach us the importance of creating wealth." Boston includes chapters on financial planning, home buying, the stock market, insurance, entrepreneurship, credit, and taxes.
Taking a holistic approach to money management, Boston also examines attitudes about money and wealth. Blacks average $872 in interest income whites, $7,308. The net worth of blacks in America is under $11,000 of whites, just over $51,000. Noting the disparity in incomes between African Americans and white America, Boston adds several startling contrasts. But Boston uniquely targets African Americans with his advice. His basic advice on saving and investing is not much different from that of the many other financial gurus popular today.
Boston is host of the syndicated PBS program The Color of Money and publisher of a new quarterly magazine with the same name.
0 kommentar(er)
