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4 Money Tips from a Black Woman Millionaire

In less than 3 years, she became a millionaire.

In the last 5 years, she reached the four million dollar mark.

Dr. Venus Opal Reese, founder of the Black Woman Millionaire Movement, has achieved levels of financial success that are unheard of for black women. She was able to “monetize her mess” and share her story with the world in her latest book, “The Black Woman Millionaire: A Revolutionary Act that Defies Impossible“.

Wealthy Women Daily caught up with Dr. Venus Opal Reese during the Black Woman Millionaire tour in Chicago to discuss money habits and tips that have allowed her to become a black woman millionaire.

Working Hard is Not the Answer to Wealth

Dr. Venus explains how “working hard will never make you rich; it will make you tired”.

“Money is not effort. Money is energy”, says Dr. Venus. “We think that if we do more, we will get more. That is a survival strategy that are ancestors had to employ to stay alive. It was also a survival strategy during the industrial revolution for people of all races. Working hard is not designed to make you rich. It is designed to make someone else rich. If you look at your life as an adult woman, you’ve already made a few million for other people”.

Work smart.

Live Under Your Means

Dr. Venus didn’t spend more money every time her income increased. She focused on building her net worth instead of relying solely on her high net income.

Savings is key. You have to ensure that you keep as much money as you can in your pockets so you can afford the things you really want.

Dr. Venus wanted a mansion. And that’s exactly what her savings got her.

“We lived below our means for 10 years and saved for 4 years and was able to buy our first million dollar mansion,” says Dr. Venus.

Keep Cash On Hand

Wealthy millennials aren’t the only ones keeping more cash on hand.

During times of economic uncertainty, everyone wants to have more cash on hand so they can take advantage of investment opportunities. People also want to have money on hand to maintain or upgrade their lifestyle without the need to borrow money. It’s about liquidity. You feel secure when you have cash at your disposal. You also have bargaining power.

“We saved up enough cash so we don’t have to deal with a lot of interest. That’s a big deal for us,” says Dr. Venus.


Rich people understand the importance of giving back and tithing.

“We tithe to places where we are inspired and people we are inspired by,” says Dr. Venus. “We tithe from a place of inspiration and not obligation. We just [participated in] this gala for a food pantry and we donated $25,000 and it provided 73,000 meals. I know what it’s like to be hungry. I was inspired to give there.”

Dr. Venus Opal Reese has been featured in Ebony, Black Enterprise, ABC News, Glamour magazine and a growing list of other print and online publications. She has mesmerized audiences with her magnetic words and candid delivery. She may have graduated from Stanford University with her second masters but her audience can rest assured that she has the street smarts required to meet you exactly where you are. You can join Dr. Venus on her Black Woman Millionaire Tour by clicking here for upcoming dates and locations.

For the non-explicit version of book, visit

For the original version of the book, visit

If you want more money and wealth tips delivered to your inbox every week, sign up for Wealthy Women Weekly. We are on a mission to help more women have stock portfolios that are bigger than their shoe collection. Join our next online course to learn how you can “Profit from Real Estate Without Buying Property“.

About Charlene Rhinehart, CPA

Charlene Rhinehart is a Certified Public Accountant, Founder of Wealthy Women Daily, and Editor-in-Chief of the Dividend InvestHer and The Wealthy Woman Investor. Charlene is currently the Chair of the Illinois CPA Society Taxation Individual Committee. With over a decade of experience in the financial services industry, Charlene is one of the few leaders who design insights specifically for the woman investor. Charlene’s work has been featured in a variety of publications including the Huffington Post, Black Enterprise, and the American Institute of Certified Public Accountants. In 2019, Charlene released her book “Dividends Are a Queen’s Best Friend”, on Amazon.

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