The Wealth Choice

304 pages, 2014

Dennis Kimbro

Takeaways

Description

It's no secret that the economic downturn has disproportionately affected African Americans. According to a 2009 survey conducted by the Pew Charitable Trusts, approximately 35 percent of African Americans had no measurable assets, and 24 percent of these same households had only a motor vehicle.

Dennis Kimbro takes a sharp look at a carefully cultivated group of individuals who've scaled the heights of success and how others can emulate them in The Wealth Choice . Based on a seven-year study of 1,000 wealthy African Americans, this book offers a trove of sound and surprising advice about climbing the economic ladder even when the odds seem stacked against you.

Readers will learn about how business leaders, entrepreneurs, and celebrities like Bob Johnson, Spike Lee, L. A. Reid, and Herman Cain found their paths to wealth.

The Power of Mindset

In The Wealth Choice, Dennis Kimbro emphasizes the importance of having a wealth mindset. He suggests that wealth is not just about money, but also about the way you think. If you believe you can become wealthy, you're more likely to achieve it. So, start by changing your mindset and see how it transforms your life.

The Importance of Knowledge

Kimbro points out that knowledge is a key factor in wealth creation. He encourages readers to constantly learn and grow. Whether it's about finance, business, or personal development, never stop learning. So, grab a book, take a course, or find a mentor. The more you know, the closer you are to wealth.

Hard Work and Persistence

The Wealth Choice makes it clear that there's no shortcut to wealth. It requires hard work, dedication, and persistence. Kimbro shares stories of successful people who faced numerous challenges but never gave up. So, if you're facing obstacles, don't give up. Keep pushing and your hard work will pay off.

The Role of Decision Making

In his book, Kimbro highlights the role of decision making in wealth creation. He suggests that every decision you make can either bring you closer to wealth or push you further away. So, be mindful of your decisions. Make choices that align with your wealth goals.

The Value of Networking

The Wealth Choice also explores the importance of networking. Kimbro believes that the people you surround yourself with can greatly influence your wealth. He encourages readers to network with successful people, learn from them, and apply their strategies. So, start building your network and see how it boosts your wealth journey.

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