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Deals with the financial planning strategies adopted by African American Albert Sweets. Principles of financial empowerment adopted; Importance of seeking financial education; Benefits from buying real estate properties. INSET: Declaration Of Financial Empowerment PRINCIPLE 3.

The author reflects on starting retirement planning as early as possible in order to increase the likelihood of reaching or even exceeding the retirement savings goals. Procrastination from saving for retirement can lead to huge debt, stress and isolation, threat of homelessness and unhealthy dependence on others. To build a foundation of resources for future African American generations, the author suggested investing in 401(k) accounts and acquiring stocks, bonds and other investments.

The article calls on for financial literacy among Blacks in the U.S. It suggests that African Americans should invest wisely in insurance, pension or other financial institutions for their future. It proposes that they should know how to manage their personal finance or wealth. It emphasizes that Blacks need to plan for their retirement.