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Black Folk's Guide to Making Big Money in America
184 pages, Hardcover
First published December 1, 1980
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133 people want to read
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Displaying 1 - 2 of 2 reviews
July 25, 2017
Let me just say that EVERYONE should read this book. However it does have a special focus on Black people within the United States. The book is a run-down of several lists, tips, and examples about things such as "What is wealth? How do wealthy people use money? Where do they keep their money? How do they invest it? How to build a fortune, etc." These things sound pretty basic right? However, Trower-Subira, gets into the details about these things. It's a FANTASTIC book for someone who has a very basic understanding about financing and investing. When I say investing, I'm not necessarily talking about the stock market, but rather your everyday decision-making on what you do with your money. This is not a book about stock investing. It's about making simple decisions on better ways to use your money to make it work for you. It touches on things such as how banks profit off your money, while giving you back minuscule amounts of interest, if any at all. It touches on developing a "Fortune-Builder" mindset. It discusses investing in appreciating assets, and a host of other practical things that should've been taught in school, but are not.
Some topics it touches on: Why credit is important? How to increase credit? Where to put savings other than in savings accounts? How to pay less taxes.
It was published in the 1980's, so some of his figures are a little off as it pertains to dollar amounts because of inflation. For example, a $15000 salary today is not worth what it was in the 1980's and prices of things are much different now than they were then, but that's to be understood. However, the other information that he talks about is spot-on, and is just as relevant today as it have ever been. Another thing about it being published in the 1980's is that this was before the time of the internet. So when he mentions things such as using a phone book or faxing something, it can seem a little outdated, but I can only imagine how having the internet as a tool now can help to amplify any money-making efforts that Trower-Subira discusses.
He really breaks things down on the section that discusses real-estate as it pertains to Black people. Sections like this one are the real gems in this book because it contains information that is highly unlikely to be found in other books on the subject and it speaks directly to the Black audience. What I mean here is that you can find books that discuss the concepts that he touches on, but they tend to overlook unique circumstances as it pertains to Black people.
The writing style is simple. It's like the writer is having a conversation with you. It's easy to understand and digest without being boring, considering the topics at hand. It's relevant, and so needed! I am lucky to have come across this little-known book by this motivated and passionate man, who saw a need for it in the community, and responded accordingly. I'll be grabbing the rest of his published books in the near future as well.
Some topics it touches on: Why credit is important? How to increase credit? Where to put savings other than in savings accounts? How to pay less taxes.
It was published in the 1980's, so some of his figures are a little off as it pertains to dollar amounts because of inflation. For example, a $15000 salary today is not worth what it was in the 1980's and prices of things are much different now than they were then, but that's to be understood. However, the other information that he talks about is spot-on, and is just as relevant today as it have ever been. Another thing about it being published in the 1980's is that this was before the time of the internet. So when he mentions things such as using a phone book or faxing something, it can seem a little outdated, but I can only imagine how having the internet as a tool now can help to amplify any money-making efforts that Trower-Subira discusses.
He really breaks things down on the section that discusses real-estate as it pertains to Black people. Sections like this one are the real gems in this book because it contains information that is highly unlikely to be found in other books on the subject and it speaks directly to the Black audience. What I mean here is that you can find books that discuss the concepts that he touches on, but they tend to overlook unique circumstances as it pertains to Black people.
The writing style is simple. It's like the writer is having a conversation with you. It's easy to understand and digest without being boring, considering the topics at hand. It's relevant, and so needed! I am lucky to have come across this little-known book by this motivated and passionate man, who saw a need for it in the community, and responded accordingly. I'll be grabbing the rest of his published books in the near future as well.
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May 30, 2020Gets you thinking.
Displaying 1 - 2 of 2 reviews