113. The Wealth Gap Part 1: Disrupting Generational Poverty
According to Forbes.com, The Federal Reserve reports that as of 2019 the median net worth of Americans based on educational level ranged from $21k for those having no high school diploma, to $309k for those with a college degree. Based on race and...
According to Forbes.com, The Federal Reserve reports that as of 2019 the median net worth of Americans based on educational level ranged from $21k for those having no high school diploma, to $309k for those with a college degree. Based on race and ethnicity, the range goes from $24k for black non-hispanics, to $189k for white, non-hispanics. For the next 2 episodes of CFO at Home, we’re diving into America’s wealth gap. This week is a discussion about generational poverty and what it takes to break free from it with Mr. BuildWealth, Jasper Smith.
Key Topics
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How important is it to understand how we got into a cycle of generational wealth in order to break that cycle? (7:33)
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Are there “secrets to wealth” that Black and other communities in a cycle of poverty? (14:14)
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Challenge questions to help you figure out how you feel about money (detailed in Jasper’s book) (22:25)
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Have taken inventory of your financial situation?
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Do you save monthly?
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Do you invest monthly?
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Disrupting Generational poverty is not about perfection (27:41)
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Building your money team (36:41)
Resources
Ways to connect/follow
Contact the Host - vince@thecfoathome.com
