“Everything in these pages is designed to lead you toward freedom — freedom to be present with your family, freedom to build a career that means something, freedom to be generous, and freedom to enjoy nice things without stressing about how you’re going to pay for them later,” Anthony O’Neal declared.
He’s talking about his new book, Stop Living Paycheck to Paycheck. Inspired by the report, O’Neal was moved to help Black Americans stop spending mindlessly. “Zero doesn’t mean homeless or jobless; it means no buffer. Nothing left over after the bills are paid,” he explained with a sobering statement. “We spend more than we earn … you can’t escape a trap you refuse to admit you’re in.”
With his “Escape Plan,” a five-phase structure of building a strong financial house, he’s determined to break the cycles. “Our culture also teaches us that the look of wealth is wealth. And most people chase that look straight into debt, trying to prove something they haven’t built yet. That’s “fake it till you make it,” and it’s exponentially destructive,” he shared. “We’ve got to make finances a priority because we can’t afford to wait on a system to save us, and we can’t afford to keep performing wealth instead of building it.”
Read on for an excerpt from the book to begin your path to the ultimate gift: financial freedom.
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The year stopped me in my tracks: 2053.
It was a regular weekday, and I was doing some research for my podcast, The Table with AO. Then a headline reached out and smacked me across the face: “Median Wealth of Black Americans ‘Will Fall to Zero by 2053,’ Warns New Report.”
I thought, What? That can’t be right. That can’t even be close to right—can it?
The report, called “The Road to…
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Read Full Article by Delaina Dixon and Team EBONY at www.ebony.com
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