Articles

Financial Literacy

Financial New Years Resolutions

Rodney Brooks
|
February 21, 2023

Ready or not we are only weeks away from 2023; it’s time for your annual list of New Year’s resolutions.

While living healthier, losing weight or exercising is nearly always at the top of list, saving more or spending less or improving your finances is generally near the bottom of the top 10. Maybe they should move to the top.

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Authored By Rodney A. Brooks


TRAFOTFBThe author tells the history of the Freedman’s Savings Bank, how it grew much too quickly, why it failed and the impact on Black America. The Freedman’s Bank offered a safe depository for formerly enslaved people, expanded quickly and gained millions in deposits – mostly ranging from $5 to $50. But inexperience and corruption doomed it to failure, costing may of the small depositors their savings.

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“Rodney A. Brooks’ ‘Fixing the Racial Wealth Gap’ is one of the best written and most prescriptive books I’ve read on this prickly subject. Using powerful stats, stories and insightful wisdom, it is written from the heart, mind, body and spirit … plus years of research and thought as a mainstream journalist, Fixing the Racial Wealth Gap is revealing, humorous, instructive and sobering.” – Dr. George C. Fraser

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