By Bria Overs
Originally appeared in Word in Black
In a world where financial literacy is paramount, gifting the keys and knowledge of wealth-building and long-lasting prosperity is a great way to celebrate any special occasion. From books to cash to investment accounts, these recommendations inspire the next generation of financially savvy individuals, instill the importance of smart investing, and set the stage for a wealthier tomorrow.
Here are the recommendations experts across fields and industries told Word In Black they would give to loved ones.
Roth IRA
Recommended by Greg Corneille, Certified Financial Planner and founder of Choice Wealth Management
“Giving a gift to a minor to fund a Roth IRA is a great way to not only help them get a great start on retirement savings but also to learn about retirement accounts and investing concepts at an early age. The minor must have earned income, but if they do not have the money saved to contribute, a relative could certainly gift them the funds to do so.”
“The Total Money Makeover” by Dave Ramsey
Recommended by Avana Epperson-Temple, attorney and president-elect of the Massachusetts Black Lawyers Association
“The American Bar Association issued its 2021 Student Loan Debt Survey, which found that 65% of the participants reported suffering from ‘overwhelming stress because of mounting debt.’ Many lawyers graduate law school with hundreds of thousands of dollars in student loan debt and end up postponing major life milestones.
Dave Ramsey’s book, “The Total Money Makeover”, contains a solid method for paying off debt and achieving financial freedom. My husband and I utilized Ramsey’s approach to pay off over $300,000 of student loan debt.”
The Black Wealth Bootcamp
Recommended by Samantha Odo, real estate sales representative and Montreal division manager at Precondo
“A gift I would recommend is a subscription to a financial literacy…
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