BOOK CLUB: The Wealth Choice: Success Secrets of Black Millionaires
3 min read
By Dr. Dennis Kimbro
Bestselling personal finance author Dennis Kimbro interviews prominent black millionaires to learn how they got where they are and offers key insights for those struggling to reach the next level.
It’s no secret that these hard times have been even harder for the Black community.
Approximately 35 percent of African Americans had no measurable assets in 2009, and 24 percent of these same households had only a motor vehicle. Dennis Kimbro, observing how the weight of the continuing housing and credit crises disproportionately impacts the African-American community, takes a sharp look at a carefully cultivated group of individuals who’ve scaled the heights of success and how others can emulate them. Based on a seven year study of 1,000 of the wealthiest African Americans, The Wealth Choice offers a trove of sound and surprising advice about climbing the economic ladder, even when the odds seem stacked against you.
Readers will learn about how business leaders, entrepreneurs, and celebrities like Bob Johnson, Spike Lee, L. A. Reid, Herman Cain, T. D. Jakes and Tyrese Gibson found their paths to wealth; what they did or didn’t learn about money early on; what they had to sacrifice to get to the top; and the role of discipline in managing their success. Through these stories, which include men and women at every stage of life and in every industry, Dennis Kimbro shows readers how to:
· Develop a wealth-generating mindset and habits
· Commit to lifelong learning
· Craft goals that match your passion
· Make short-term sacrifices for long-term gain
· Take calculated risks when opportunity presents itself
ABOUT THE AUTHOR
Dennis is the father of three daughters, Kelli, Kimberli, and MacKenzie. His honors include various awards bestowed by the business community as well as the Dale Carnegie Personal Achievement award. Currently, Dr. Kimbro teaches on the faculty at the Clark Atlanta University School of Business Administration. In 1996, he served as one of eight national judges for the prestigious Ernst & Young USA Today Entrepreneur of the Year held in Palm Springs, California. As a certified Napoleon Hill Science of Success trainer and leadership coach, Dr. Kimbro’s writings have influenced readers from the streets of Melbourne, Australia, to Johannesburg, South Africa to Seoul, South Korea, to Reykjavik, Iceland; to the boardrooms of General Motors, Walt Disney Corp., Citigroup, Frito-Lay, Eli Lilly, Apple Computer, Exxon Mobil, NIKE, and the Gallup Organization to name a few. He has addressed the Ohio State ‘Buckeye’ and Notre Dame ‘Fighting Irish’ football teams, the Kansas City Royals Baseball team, and the Denver Nuggets Basketball team. He has appeared on the Today Show, Larry King, CNN, and has been featured in Success!, Wall Street Journal, New York Times, and USA Today on numerous occasions sharing the keys to success and achievement. Dr. Kimbro’s highest honor occurred when the Nat’l Black MBA Association presented him with the 2005 H. Naylor Fitzhugh award, emblematic as one of the top professors in the nation. As the author of Daily Motivations for African American Success and the highly acclaimed What Makes the Great Great: Strategies for Extraordinary Achievement,” his fifth book, The Wealth Choice: Success Secrets of Black Millionaires—the long-awaited sequel to Think & Grow Rich—A Black Choice, was released February