Finally, the Mystery surrounding "Wealth Building" has been Exposed! In his book Building Black Wealth, Rich Miller presents detailed and simple steps that anyone can take in order to build wealth. Miller demonstrates that you don't need a PhD, or a college degree in order to be wealthy. His book presents details on how to save cash for your starter home, how to live "Rent Free", and how to purchase rental properties with the money that you save from living rent free.
The First chapter entitled: "FICO is Your Friend", not only demonstrates the leverage derived from having good credit, but it teaches you: the components of your credit scores, the various models utilized by the creditors, and most importantly, the steps you can take in order to raise your credit scores. This chapter was written to help young people understand the importance of establishing "Good Credit", at "An Early Age"! It will help them avoid taking on debt they can't afford. Debt that will sideline them from building wealth at an early age. Although the book focuses on passive income derived from owning real-estate and rental properties, Miller also discusses other income streams like: Residual income from the sale of insurance, from owning ATM Machines, from writing books, or making movies. Then there's Stock Market income from investing that passive and residual income in the Stock Market.
This book is a "Must Read for Young Blacks," and for anyone interested in building generational wealth.