Over the past two years, millions of Americans have experienced job instability and financial struggles due to the COVID-19 pandemic. The median income of Black private households in the United States was rising between 2017 and 2019, where the median household income for Black families increased from $42,511 USD to $46,005 USD. However, from 2019 to 2020, the median household income for Black families decreased for the first time in three years to $45,870 USD.
In light of this, many people are eager to understand their finances and learn how they can save and grow their money as we move through this new year. We’re here to help you reach your financial goals.
Enjoy Our 2022 Financial Resources
We compiled a list of financial resources to help Black women learn how to best use their money and meet all of their financial goals in 2022 from other experienced Black women professionals. Saving, budgeting, and investing can seem daunting when you have never learned about these extensive topics.
Luckily, these resources provide easy-to-understand information about economics and finances that will leave you feeling confident when building your wealth portfolio. The following list includes podcasts and books by Black women leaders about financial literacy and courses taught by Black women businesses professionals about financial literacy to help kick-start your year of wealth building.
Sisternomics is a podcast hosted by Monique Caradine Kitchen. The podcast’s mission is to help Black women entrepreneurs who want the most practical mindset, marketing, and business building tips for reaching their next income level. In this podcast, Kitchen invites Black industry professionals to share their stories and tips for how they became successful in their respective businesses. With episodes entitled “How to Turn Your Downtime Into Wealth-Building Time” and “How To Quit Your Job and Launch Your Business,” Sisternomics has information to help both budding and experienced entrepreneurs strengthen their businesses.
You can listen to Sisternomics on Apple Podcasts or Libsyn.
Side Hustle Pro Podcast
Entrepreneur Nicaila Matthews Okome created Side Hustle Pro in 2016 to spotlight bold, Black women entrepreneurs who have scaled from side hustle to profitable business. As the first podcast of its kind, Side Hustle Pro has gained millions of monthly listeners and national recognition.
Their episodes include stories from Black women in different professional industries who provide first-hand testimonials about their experiences and tips to help other Black women learn how to create wealth and expand their businesses. After watching the success of her podcast, Okome created the Podcast Moguls accelerator program in 2018, which is an 8-week online course that teaches podcasters how to triple their downloads and monetize from their podcasts.
You can listen to Side Hustle Pro on Apple Podcasts and learn more about their online course by visiting their website.
The Broken Wallet Videos
The Broken Wallet is a YouTube series hosted by Vee, a professional finance writer who has been teaching people how to best use their money since 2005.
The videos talk about personal finance, focusing on frugal living and evergreen financial topics. With episodes like “22 Tiny Money Habits to Start in 2022,” and “Traditional IRA vs Roth IRA,” this series provides tips on how and why it is essential to save for a financially secure future. It’s an excellent resource for anyone who may be wondering which savings plan is best for them and anyone interested in becoming a better steward of their finances.
In addition to watching Vee’s videos, you can check out her website for more blog posts about financial literacy.
The Black Girl’s Guide to Financial Freedom Book
In The Black Girl’s Guide to Financial Freedom, author Paris Woods takes the guesswork out of wealth-building and presents a plan that anyone can follow to help reach their financial goals. Woods spent years working in education, during which she wanted to find a way to build additional wealth without changing careers or taking the traditional real estate or business routes. The Black Girl’s Guide to Financial Freedom uses real-life stories coupled with clear and actionable advice to teach readers how to build generational wealth. Topics include ways to avoid common financial traps, how to earn a degree debt-free, and achieve financial independence to retire early while designing a dream life that they can start living today.
This book is perfect for Black women of any age, including young professionals just starting to set financial goals and mid-career women who are tired of following the same old rules and are ready to live life on their terms. If financial freedom is your goal, this is the book for you.
You can shop The Black Girl’s Guide to Financial Freedom on Amazon.
The One Week Budget Book
The One Week Budget, by Tiffany Aliche, is a personal finance book that strives to take the stress out of creating a budget. The One Week Budget takes away the day-to-day hassle of managing your money. It teaches readers how to effectively separate and automate their finances to make budgeting easy. This book is great for anyone who wants to learn how to pay their bills, save, and budget their money.
You can shop The One Week Budget on Amazon.
Clever Girl Finance Book
Clever Girl Finance is a personal finance resource for women in the U.S. Their mission is to help women feel financially empowered by providing free financial literacy resources. Resources include personal finance courses, one-on-one mentor calls, articles, podcast episodes, and more.
Clever Girl Finance stands as a community for WOC interested in making connections with women in business and for women interested in establishing their financial freedom.
You can connect with Clever Girl Finance by visiting their website. You can shop the Clever Girl Finance book on Amazon.
Share below if you listen or read from these 2022 financial resources, or share your personal favorites in the comments and/or social media.