Financial literacy provides us with the knowledge and skills needed to manage our money effectively. The more knowledge we can obtain, the more likely we will make better life decisions. For Black Americans, it’s beneficial to read financial books by financial experts who understand the financial nuances necessary to close the racial wealth gap.
Here are five books on personal finance by Black authors
1. “Clever Girl Finance: Ditch debt, save money and build real wealth” by Bola Sokunbi
Sokunbi, the Clever Girl Finance platform creator, saved her first $100,000 before age 30. In this book, released in 2019, Sokunbi provides doable tips for getting out of debyt, saving money, and building wealth. Along with the advice and tips, Sokunbi also shares real-life stories from other women who have gained control of their finances.
2. “Clever Girl Finance: Learn How Investing Works, Grow Your Money” by Bola Sokunbi
In 2020, Sokunbi followed up with “Learn How Investing Works, Grow Your Money.” This book focuses on investing and getting started even on a modest salary.
3. “The Money Manual: A Practical Money Guide to Help You Succeed On Your Financial Journey” by Tonya Rapley
Tonya Rapley, the founder of the popular My Fab Finance financial education and lifestyle blog, penned “The Money Manual” in 2018. She offers lessons on saving, budgeting, credit, and debt while also providing a financial assessment for readers to take.
4. “Our Money Stories: A Six Week No B.S. Holistic Financial Wellness Plan” by Eugenié George
“Our Money Stories,” published in 2020, encourages readers to examine how their personal history, ancestry, and environment affects their money habits. Financial wellness specialist and educator Eugenié George makes readers connect their personal history with their health, wealth, relationships, and career. George also includes inspirational interviews with other women.
5. “Dump Debt & Build Bank: The Everyday Chick’s Guide to Money” by Faneisha Alexander
In “Dump Debt & Build Bank,” published in 2019, Alexander shares her own experience of paying off over $78,000 in student loan debt in less than three years. And, she gives a step-by-step on how readers can get out of debt, increase their income, and build generational wealth.
