Dear fellow AfriPreneur,
Stop paying the black tax: Start investing in your future!
You may have heard of the black tax or might even be paying it yourself.
For those who are not African-born or living in the diaspora, let me quickly explain what I am talking about.
The black tax refers to the financial burden that many Black individuals, particularly in African countries, feel to support extended family and community members.
The support often consists of:
- Family Support: Contributing to the living expenses, education, and healthcare of relatives.
- Cultural Expectations: Societal pressures to assist family members as a way of honoring cultural values.
- Economic Disparities: The legacy of systemic inequality that can lead to higher expectations for those who have achieved financial stability.
Many people view it as a form of social responsibility, but it can also strain personal finances and limit individual investment opportunities.
This is my point. The narrative is changing.
People, especially in the African diaspora, do not agree with the norms anymore and are tying to find other ways.
This is where investments come in!
Think about yourself. How much money did you send back home last year?
If the answer is more than €5,000 then you are missing out on an opportunity!
Think about it this way. What can you invest in when you have €5,000 available every single year.
This should be your question.
Don’t forget one thing, when you can spare €5,000 for extended family. Then you can probably mobilise more to invest.
End result… more income for yourself as your investments multiply.
Let me keep it a short one for this week.
If you want to learn where and how best to invest on the African continent…
…you know where to find me.
Let’s start your investment story on the continent.
P.S.: Let me know if you want to deep dive into earning an extra income. Simply drop me an email and we can chat.
In case you want to start investing and growing your business in Africa immediately…
Here are 4 ways I can support your growth in Africa.
1.Join the AfriPreneur self-paced online courses! With over 15 years of experience in doing business in Africa, I’ll guide you on how to successfully invest and grow your business across the continent.
2. Join my upcoming live session on LinkedIn! We’ll explore real business cases and get hands-on insights on how to thrive in African markets. Let’s roll up our sleeves and learn together!
3. Sponsor the AfriPreneur Weekly! and promote your business to Africa’s most promising entrepreneurs and businesses!
4. Let’s share an espresso! By the time we get to the bottom of our espresso you’ll discover how I can help you invest and grow your business in Africa!
Share this post:
Join our community of over 1 thousand people and get updated every week We have a lot more just for you! Lets join us now
- Your data is completely secure with us. We don't share with anyone.
Subscribe to the Newsletter
Join a thriving community of AfriPreneurs eager to invest, grow their businesses, sell products, raise funds and achieve success in Africa.
- Your data is completely secure with us. We don't share with anyone.
