Thryv’s Post

On my book #BlackFinancialCulture: 2 out of 10 The "Black" in the title of my book has three meanings: 1.)   In "Black Financial Culture, ""Black" represents a desired financial state. It aligns the identity of the Black community with being financially and emotionally solvent, whereas "in the black" traditionally means having positive earnings and no debt. It sets the stage for a deeper exploration of strategies and practices that foster financial stability and growth among individuals and families. 2.)   In "Black Financial Culture," the metaphorical use of the term "Black" as absorbing light to create warmth and comfort serves as a foundational concept to inspire and motivate. It suggests that embracing one's identity and experiences can transform challenges into a nurturing force, fostering a supportive environment for financial growth. This line encourages readers to approach their financial journey with grace and self-compassion, recognizing the unique struggles and strengths within the Black community. It underlines the book's theme of using personal and collective histories as a source of empowerment, not just in finances but all aspects of life. 3.)   In "Black Financial Culture," the term "Black" symbolizes the rich narratives derived from Black culture, which serve as a fertile backdrop for various transformative themes. This approach underscores the importance of incorporating cultural heritage into financial education, enabling healing from historical and personal trauma, and embracing the power of forgiveness. By doing so, the book fosters a deeper understanding and appreciation of sustainable wealth creation within the Black community. It highlights how embracing and learning from these narratives can empower individuals to be refined and not defined by life's circumstances. If you want a novel take on #FinancialEducation / #FinancialLiteracy, I welcome you to add #BlackFinancialCulture to your #SummerReading list. Amazon: https://lnkd.in/eeqYkie5 Book.io: https://lnkd.in/e8JkKsm8 P.S. If you've already read my book, please comment on why someone else should read it - even tag a friend or two. Cheers!

🚨Despite the significant contributions of Black-owned businesses to the U.S. economy, there are still substantial barriers that Black entrepreneurs face when it comes to accessing capital, resources, and support. ▶️One of the most striking statistics is that only 1 in 20 Black Americans hold business equity compared to their white counterparts, which means that Black entrepreneurs are less likely to have the resources and financial stability they need to start and grow their businesses. . . #nhe3 #nhe3connector #blackhistorymonth #blackbusinesses #blackownedbusinesses #blackbusinessesmatter #blackbusinessmatters #finanicalliteracy

Reminder to please come as my guest to Black Finances Matter with keynote speaker EVC Leland Rubin, MBA, special guest speakers SEVC Zack Rance and EVC Paul Hart, and guest speaker Charles Lockard for financial fundamentals and insights, and building wealth within the Black community. 🗓️ Presentation Details: • Date: October 26th • Time: 6PM PST Please register here: https://lnkd.in/gfu72niQ They’ll address 📊 Key Statistics on Black Finances in the US 📊 🌆 Income Disparity: In the United States, the median income for Black households is consistently lower than that of white households. As of 2020, Black households earned approximately 62 cents for every dollar earned by white households. 🏦 Wealth Gap: The racial wealth gap is even more pronounced. According to a recent report, the median wealth of a white household is about 8-9 times that of a Black household, highlighting disparities in assets, homeownership, and investments. 📈 Entrepreneurship: Despite facing numerous challenges, Black entrepreneurs have been a driving force for economic growth. In the last decade, the number of Black-owned businesses in the US increased by over 34%. 💼 Career Progression: Advancing within corporate America can be more challenging for Black professionals. As of 2021, only 1% of Fortune 500 CEOs are Black Don't miss this opportunity to learn strategies for building financial security and empowering your financial future. #BlackFinances #WealthBuilding #FinancialEmpowerment #FinancialLiteracy #InvestInYourself

I wrote an article for Forbes about this earlier this year (attached) and it’s something I’ve been thinking about ever since. With information around the wealth and wage gap making its rounds in the realm of diversity and inclusion work, there isn’t often a solution offered to help those navigating this new space of financial security or upward mobility beyond a pat on the back about how well they were able to pull themselves up by their bootstraps. With the turn of the year I’m going to spend more time using my financial counseling and financial therapy skills to support the first generation high income Black professional who may not be ready to see a CFP but need some support. I wonder, can you relate to this experience? How do you personally establish boundaries in balancing your financial health and values aligned to supporting your family and community? #diversityandinclusion #financialcounseling #financialtherapy

Black business owners are three times more likely to be rejected for a loan compared to their white counterparts. This alarming statistic highlights the systemic barriers and inequalities faced by Black entrepreneurs in accessing essential financial resources for business growth and development. At Black Wall Street, we are dedicated to addressing these disparities and fostering an environment of inclusivity and support for all entrepreneurs. 🌐 Learn more: [https://lnkd.in/dErgbsq] 🤝 Partner with us: [https://lnkd.in/gkXvBi8K] #BlackBusinessOwners #AccessToCapital #FinancialInequality

The "Black Tax" is a term that resonates deeply with many in the Black community. It represents the additional financial responsibilities that Black individuals often carry, from supporting family members to overcoming systemic challenges. It's a concept rooted in the historical and social realities of the African American experience. In this eye-opening online training, we will explore the history, impact, and strategies for managing the "Black Tax" in the United States. Date: November 9, 2023 Time: 4PM PST | 7PM EST We'll discuss: 👉The historical context and origins of the "Black Tax." 👉The financial implications for individuals and their families. 👉Practical steps to navigate and alleviate the financial burdens. 👉Success stories and strategies to build wealth despite these challenges. We believe in the power of knowledge to drive positive change. Join us as we explore the impact and solutions for the "Black Tax." Together, we can create a brighter financial future. Click the link below to tune in: https://bit.ly/3ExbJ2X #onlinefreetraining #training #businesstraining #premiumclients #smallbusiness #legitbusiness #webinar #freewebinar #smallbusiness #business #workfromhome #workfromhomemom #entrepreneur #investing #investment #stocks #invest

Do You Feel You Relate More To Poor People? Reflecting on the me who once navigated a world without understanding credit, budgeting, or the nuances of financial choices. It's a version of me I talk about often – a reminder of how mindset shifts and financial education can redefine our paths. Fast forward to advising millionaires and "mass affluent" clients, effortlessly guiding them through credit cards, investments, and financial choices. It wasn't just a job; it was an experience that shaped me. Yet, it brought a shift. I found myself adapting to their attitudes, feeling a disconnect with those who hadn't walked in similar financial circles. It felt like I existed in a limbo, bridging two worlds. I relate to the frugality and vigilance around money from my childhood, but more so to the 'me's' that slip through the cracks: The burdened with always having answers. The expected lenders and financial rescuers. Those who know how to manage money but grapple with growing or planning for the long term. I've come to understand my superpower – relating not just to the experiences of the financially challenged but to those in-between If this sounds like you, I'd love to talk! I'm committed to using my financial counseling and financial therapy skills to support the first generation high income Black professional. Send me a DM and let's connect. #financialcounseling #financialplanning #moneymindset

Money provokes a myriad of emotions and thoughts. And you know us at The Lighthouse and Black Girl Times, that means, we want to talk about it. We’ve chosen April to explore the relationship between Black folks and their finances. It's important to acknowledge the complexities. Whether you’re a coupon connoisseur, a budgeting guru, a frugallista or a free-spirited spender, our financial habits are intertwined with our experiences, aspirations, and cultural influences. As we embark on our editorial exploration for the month, we expect to do so with nuance and empathy, recognizing there is no “one-size-fits-all” approach to financial freedom. Each of us brings our own set of experiences, values, and aspirations to the table, and these shape our attitudes and behaviors toward money. Art by: gkjcreates

The U.S. population is younger and more diverse, highlighting the need for more education and awareness of tools that can help people enhance financial security. Prudential Financial's Blueprints to Black Wealth initiative addresses gaps in the financial industry and empowers Black Americans with access to wealth-building tools. In this spotlight, sponsored by Prudential Financial, we explore the initiative's holistic approach to improving #FinHealth within communities of color. Join us in supporting efforts to create a more inclusive and equitable financial future. https://hubs.li/Q02p5mlg0

Today, Our Money United unveiled the Black Wall Street Spending Ticker, a pioneering technology driving consumer spending coupled with corporate accountability. The highly anticipated reveal of the Conscious Spending Platform is led by Friends of the Movement (FotM) Global, the Atlanta Black Chambers Foundation, RICE, and the Original Black Wall Street (Greenwood-Tulsa Chamber), in collaboration with civil rights and social justice organizations nationwide. As the largest center in the world dedicated to growing, scaling, and developing Black businesses, RICE will digitally display the Black Wall Street Ticker 24 hours a day! The Black Wall Street Spending Ticker is the first of its kind to visually showcase the collective spending influence of Black consumers, and corporate allies. Like the Nasdaq, The Black Wall Street Ticker signifies a new era of transparency and responsibility. For more information on Friends of the Movement, Our Money United, the Black Wall Street Spending Ticker, or the Voter Wallet, visit www.ourmoneyunited.com. Ready to become a Friend of the Movement? Visit www.FotMGlobal.com to take the pledge.