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The article presets personal finance management tips from several African American financial planners, investment gurus, realtors and tax advisers. Chris Long, president and owner of Long & Associates, suggests rebalancing one's portfolio while sticking with long-term investing plan. Dorethia Conner, president of Conner Coaching, recommends consulting to generate income after a layoff.

The article features African American Lachelle Story, focusing on her job, finances and her plans of running her own business, as it offers expert guidance to help her strengthen her financial position and develop her business. The Alexandria, Virginia resident plans to leave her post as a family care coordinator early 2014 to operate her home-based venture full time. It presents her financial snapshot, noting a negative net worth due to her student loan and credit cards.

The article discusses the benefits of including life insurance in the financial plans of American citizens, particularly members of the African American community, as of October 2013. It cites as example the case of the couple, Minister Reginald McRae and his wife, Leslie Franks McRae, who opted for term policies for their insurance plans. The other topics include whole life insurance, universal life insurance, and variable universal life insurance.

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.

Features Johnnie and Theresa Knight, a retired Afro-American couple who was successful in managing their finance. Retirement of the couple from teaching; Reason for their financial success; Principles in financial management they applied that guaranteed their success; Efforts they made to teach their children about financial management. INSET: Declaration Of Financial Empowerment.

Focuses on how Robert and Wanda Chalk, an Afro-American couple with three children, managed to survive financial hardship after Wanda lost job because of the bankruptcy of Enron Corp. Position of Wanda at Enron; Amount of her salary at Enron; Information on the work and salary of Robert; Financial plan they adopted to survive and manage their expenses.

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.