This post is about encouraging African Americans so they can be able to take advantage of the stock market and other financial vehicles that will allow them to move up on the income level. It is very clear that African Americans and other minorities are at the bottom of the income level in America, but that can change. However, it will take disciple, dedication, and consistency to force the change.

Many things are working against low income earning minorities, as a result, they are less likely to invest and most likely to be in debt due to lack of sufficient income or lack of financial planning. Also, systematic racism is there to hinder African Americans to a certain extent, however, there is a hack to it.  It may be difficult but there is a way out.

Below is the list of the median household income for the year 2018. The list shows the poorest ethnic group in America and it’s Black or African American with 41,361 median salaries, which 50% lower than that of Asians, and close to 50% lower than that of the white race.

There are lots of statistics that are against Black Americans, but gradually those who are ready to make a change can begin somewhere and that's what this article is about.

Steps to how African Americans can become financially stable.

• Stay out of Debt – Most African Americans have lots of credit card debt and they are paying fees up to 20% or sometimes 22%. For example, if you owe $10,000 in credit card debt at a 22% annual interest rate, you will pay $2,200 in fee in a year. Also, the fee can go up if the debt extends beyond one year.
• Save money weekly or monthly -A good way to save is to use an auto-deposit to save money. The money can be deposited into a savings account or into an investment account, we will discuss more on direct investing below. For example, if you save $25 weekly for a year, you will easily have $1,300 in a year. Save that for 10 years and you have $13,000. It’s easy to save $25 especially for those that drink Starbucks coffee daily. An average cup of coffee at Starbucks costs about $5. If you save $5 daily, that's a lot of money by the end of the year.
• Invest in stocks – Investing the stock market is easy now, however, please be sure that you invest wisely. There are lots of stocks out there, but you owe it to yourself to invest wisely. You can use investingport.com to search for a good stock to invest in. The safest investment for a beginner is to invest in S%P 500 mutual fund stocks. For more about this please see articles on investments on investingport.com

Other ways for Blacks and African Americans to make  better use of their money

• Invest in private equity 
• Shop for better interest rates by banking with black-owned banks.
• Invest in real estate
• buy from black business  

This is just a few of what we will share today on our subject of how to help black people get out of debt and become wealthy. Stay tuned for the next stage of our post. 

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