When it comes to financial independence, there’s a persistent myth that needs busting—you have to be making six figures to make it. But here’s the truth: wealth isn’t built by how much you make; it’s built by what you do with what you have.

For Black millennials navigating a system that hasn’t always been designed with us in mind, understanding this distinction is critical. According to the Federal Reserve, the median Black household income in the U.S. is $45,870 compared to $77,999 for white households. Despite the gap, many Black individuals and couples are still building wealth, retiring early, and securing freedom, not through massive paychecks, but through strategy.

Financial independence is when your money earns more than you spend. You’re no longer tied to a job, which means less stress, less anxiety, and the freedom to walk away if you choose.

A high-paying job or a six-figure salary can help, but it’s definitely not required. Plenty of people with average incomes have built real wealth by managing their money wisely. The secret isn’t how much you make, it’s how much you keep and grow.

Wealth Moves That Actually Work

You don’t need a corner office or a six-figure tech salary. What you do need is discipline, strategy, and a mindset shift. Here are four core moves to help Black millennials build wealth on any income:

1. Live Below Your Means

Lifestyle inflation is real. Fight it. Budget with intention and resist the pressure to “keep up.” Freedom feels better than flexing.

2. Invest Early, Invest Consistently

You can’t achieve financial independence by simply saving your way through it; you must invest, and your investments will compound through interest, dividends, and capital gains. Use index funds, explore real estate, or start at your own pace.

3. Build Multiple Streams of Income

One income stream is too close to none. Tap into side hustles, digital products, or freelance work. Not only does this boost your income, but it also builds resilience in uncertain times.

4. Track Your Progress

Celebrate small wins and stay accountable. Whether it’s paying off debt or hitting a savings goal, momentum builds motivation.

For Black millennials, wealth isn’t just about money, it’s about power, peace, and legacy. Every penny you save, invest, and grow is an act of resistance and empowerment.

You don’t need to earn more to start your journey. You just need to do more with what you have—intentionally. Financial independence isn’t about hustle culture. It’s about owning your time and your future.