Dr. Claude Anderson’s Keys to Black Economic Power

Build and Own Businesses – Prioritize Black entrepreneurship and ownership to create generational wealth.

Support Black-Owned Businesses – Circulate money within the Black community by buying from and investing in Black businesses.

Practice Group Economics – Pool financial resources, invest in cooperative economics, and support Black financial institutions.

Prioritize Financial Literacy – Educate yourself and others about credit, investing, budgeting, and wealth-building.

Own Land and Real Estate – Acquire property and real estate to establish long-term financial security.

Control and Protect Your Assets – Use life insurance, trusts, and wills to ensure generational wealth transfers.

Develop Multiple Streams of Income – Rely on more than just wages; create passive income through investments, side businesses, and assets.

Engage in Political and Economic Advocacy – Influence policies that impact Black economic power, including fair lending and business funding opportunities.

Teach the Next Generation – Pass down economic knowledge, entrepreneurial skills, and the importance of wealth-building.

Adopt a Long-Term Mindset – Think beyond immediate needs and make financial decisions that will benefit future generations.