How Can I Fund the Future if I’m Broke Today?

In March 2019, Black Enterprise published an article titled African American Economics: Real Facts. The article referenced a State of the American Family Study by Massachusetts Mutual Life Insurance Co. (MassMutual), which found that:
1. Outside of retirement accounts, only 37% of African Americans own wealth-building products such as stocks and mutual funds.
2. Only 35% believe they are doing a good job of preparing for retirement.
3. 33% have less than one month of funds saved for a crisis and less than 25% have amassed more than six months’ of emergency savings.