10: How racism shows up when you're Black and wealthy with Tiffany Aliche "The Budgetnista"
Tiffany “The Budgetnista” Aliche shares her personal challenges with building wealth, all while building a multi-million dollar business. And her latest appearance on Queer Eye for the Straight Guy.
She is an award-winning teacher of financial education and is quickly becoming America’s favorite, personal financial educator. The Budgetnista is also an Amazon #1 bestselling author of The One Week Budget and the Live Richer Challenge series.
Through her company, The Budgetnista, Tiffany has created a financial movement that has helped over 1 million women worldwide collectively save more than $150 million, and pay off over $100 million in debt, purchase homes and transform the way they think about their finances.
Tiffany credits her experience as a preschool teacher for 10 years in Newark, NJ for defining her purpose behind The Budgetnista: education.
In 2019, Tiffany transformed her commitment into legislation when she partnered with Assemblywoman Angela V. McKnight to write a bill that was later signed into Law A1414 (The Budgetnista Law). This law made it mandatory for financial education to be integrated into all middle schools in New Jersey.
To learn more check out thebudgetnista.com and malimore.com
--------
29:24
09: How to practice BLM in your business with Rachel Rodgers, founder of Hello Seven
We welcome entrepreneur Rachel Rodgers back to the show to talk about how business owners can go beyond the traditional lip service of “supporting” supporting Black Lives Matters and actually serving as Allies and practicing anti-racism within their companies.
Rachel is a woman of color, a mother of four and a seven-figure business owner — in that order. Rachel started her career working as a lawyer with nonprofits, federal judges and Hillary Clinton.
Rachel is founder of Million Dollar Badass, a high-level Mastermind for women looking to take their businesses from 6 to 7 figures. She firmly believes all women should desire to become millionaires – because of the profound impact a woman’s money can make on the world.
Learn more about Rachel and watch her Small Business Town Hall at HelloSeven.co
--------
34:15
08: Talking to kids about race and money with Talaat and Tai McNeely
A new Northwestern University study based on data from the Federal Reserve estimates that on average for every dollar of accumulated wealth that white families have, many black families have just one cent. Our guests Talaat and Tai McNeely, founders of His and Her Money, are on a mission to help change that quotient.
The McNeely’s are Financial Educators and co-authors of Money Talks: The Ultimate Couple’s Guide To Communicating About Money. They are also the hosts of the top-rated podcast, “The His and Her Money Show” and creators of Power Couples University. Talaat and Tai McNeely (His and Her Money) have been featured in numerous publications such as Black Enterprise, FoxNews.com, MSN.com, Essence, and Business Insider.
We discuss:
How and why they paid off their mortgage in 25 years.
As parents, the conversations Talaat and Tai are having with their three kids regarding money and race.
And should personal finance get political? What does that even mean?
To learn more visit the following sites:
The McNeeley’s Website – www.HisandHerMoney.com
Youtube – https://www.youtube.com/hisandhermoney
Community – www.PowerCouplesUniversity.com
--------
32:05
07: NBA Agent Dominique Stapleton on educating Black athletes about money
According to the National Bureau of Economic Research, 15.7% of NFL players have filed for bankruptcy within twelve years of retiring. A Sports Illustrated article reports that 78% of NFL players and 60% of NBA players face major financial challenges post retirement.
Dominique Stapleton is not only a sports agent, she is a financial educator to her clients who desperately need literacy and guidance. After working with athletes on their money through her company Stapling Success, Dominique wanted to offer her clients more. This year, she became a Certified NBA sports agent and vows to be the bridge between athlete success off and on the field.
--------
26:03
06: Why we have to stop calling it the "racial wealth gap" with entrepreneur Yemi Rose
Entrepreneur Yemi Rose is the founder of OfColor, a digital financial wellness platform focused on providing content and banking tools built around how people of color save, spend, and build our legacies differently.
We discuss the role financial services has played and continues to play in widening the racial wealth gap.Growing up in Jamaica and the differences of “being Black” there versus here in the United States.
Why we may want to rethink the expression “racial wealth gap.” Does it deserve a renaming?
How his startup OfColor will provide better access to financial tools and education to an underserved community.
Yemi has spent almost two decades at the intersection of financial services and communications/marketing focused on financial wellness, most recently as the Vice President of Financial Wellness Enterprise Initiatives with Prudential Financials’ Global Communications Group.
In this most recent role, he led the development of Prudential’s Financial Wellness Census research project, as well as “The Cut,” which focused on underserved consumers. He writes and speaks extensively on the racial wealth gap, and his writings on the subject have been published in Black Enterprise, The Root, Blavity, and Money.com.
After beginning his career as a Capital Markets Intelligence Associate for Thomson Financial, he served as an Investor Relations Director for several top-tier financial communications agencies, before moving to in-house roles. He has served as a senior executive at KPMG and BlackRock Inc., where he worked on helping them to maximize the value of their acquisitions and fintech ventures.
He holds both a bachelor’s and a Master’s degree from Cornell University. Yemi was born and raised in Jamaica, and now lives with his wife and two daughters in New Jersey.
Black Wealth Matters is a collection of intimate conversations with leading Black and African-American individuals, highlighting key issues at the intersection of money, race and racism. Hear from musician and actress Queen Latifah to bestselling author and entrepreneur Tiffany Dufu and star journalist and author Donovan Ramsey. Guests discuss the massive racial wealth gap, harsh financial inequities and ongoing systemic racism that prevents Black Americans from achieving financial security and wealth.Host Farnoosh Torabi initially conducted this series of interviews in June 2020 on her podcast So Money. The series is now available here in a dedicated album for easy access and sharing. Follow the parent podcast So Money at www.somoneypodcast.com.
Italia