African American Homeownership Initiative

Page 50

10 Point Wealth Building Pledge I, (state your name), from this day forward, declare before my God, my family, and my community a renewed commitment to build wealth and to leave a legacy and an inheritance for my family and my community.

I pledge the following: 1.

To save and invest 10 to 20 percent of my after-tax income. 2. To be a proactive and informed investor in real estate. 3. To be a disciplined and knowledgeable consumer in my spending. 4. To measure my personal wealth by net worth and not my income. 5. To engage in sound budgeting, credit, and tax management practices. 6. To teach business & financial principles to my children & demonstrate them in my actions. 7. To use a portion of my wealth to strengthen my family and community. 8. To be humble and not live extravagantly saving instead of consuming. 9. To ensure my wealth is passed onto my family and my community. 10. To maximize my earning power through a commitment to financial literacy and professional development.

A FRICAN AME RI CAN HO ME OW N E R S H IP IN ITIATIVE | PAG E 5 0


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