By Debbie Babalola

Ever wonder why building wealth feels out of reach?
When you’ve grown up watching your family stretch every dollar just to get by, stacking $100K in investments can feel unrealistic. Especially when the world tells you wealth only comes with a six-figure income or a corporate job with stock perks.

But the truth is, you don’t need a high salary to build serious wealth; you need a plan, discipline, and a mindset rooted in ownership.

For Black millennials who are first-gen wealth builders, this isn’t just about numbers. It’s about shifting narratives, reclaiming power, and proving that wealth doesn’t skip us—it starts with us.

Black millennials are behind in wealth accumulation, not because we’re bad with money, but because we’ve been systemically locked out. The average Black household holds just 15% of the wealth of white households, according to the Brookings Institute.

We often carry more student debt, receive lower wages, and are less likely to inherit assets. But we also have something powerful: vision, community, and hustle.

This is your roadmap to grow your investments to $100K in just five years—even without a six-figure salary..

Let’s do the Math 

Let’s say you invest $1,200/month for 5 years in a well-diversified index fund with a historical return of 7% annually.

Here’s the math:

• Monthly investment: $1,200
  
• Time: 5 years (60 months)
  
• Average return: 7% annually
  
• Outcome: ~$100,000
  

Now, if $1,200/month sounds like too much? Start with what’s real for you. Even $300–$500/month can grow into serious money over time, especially if you increase your contributions gradually.

1. Automate Your Wealth

Set up automatic transfers to your investment account the day after payday. Whether it’s a Roth IRA, 401(k), or brokerage account, treat your investments like a bill you never skip.

Use platforms like Fidelity, Schwab, or M1 Finance—they’re beginner-friendly and have low fees.

2. Stick to the Basics—No Flash Needed

You don’t need to day trade or pick “hot stocks.” Most millionaires invest in index funds like the S&P 500, which track the market and grow steadily over time.

Black wealth doesn’t need to be loud. Let it grow in the background while you live your life.

3. Invest in Financial Literacy

We weren’t taught this in school, but now we know better. Read books by Black financial educators. Follow credible voices. Join investment groups that speak your language. Knowledge multiplies money.

Wealth isn’t reserved for the elite. It’s available to anyone with a vision, a plan, and the patience to let their money work.

As Black millennials, we’re no longer waiting for a seat at the table—we’re building our own, one investment at a time.

Start where you are. Stay consistent. Watch it grow.