1057: Black Wealth Matters: His and Her Money Founders Talaat and Tai McNeely

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 17 June 2020

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So Money episode 1057, our Black Wealth Series continues with Tallit and Ty McNeely,
0:05.7	founders of his and her money.
0:07.6	You're listening to So Money, with award-winning Money Guru Farnu Farnou Tharabi.
0:13.4	Each day get a 30 minute dose of financial inspiration
0:16.6	from the world's top business minds, authors, influencers,
0:20.3	and from Farnuus herself. Looking for ways to save on gas or double your double coupons?
0:26.0	Sorry, you're in the wrong place.
0:29.0	Seeking profound ways to live a richer, happier life.
0:32.0	Welcome to So Money.
0:35.2	According to a study that just came out
0:37.0	from Northwestern University,
0:39.3	black families have one penny for every dollar that white families have as far as wealth goes.
0:47.6	And so it's important for us to be examples not only of debt freedom but wealth accumulation.
0:55.0	Welcome back to So Money everybody. I'm your host
0:57.6	Farnush Tarabi. How are you? It's Wednesday, June 17th. Just celebrated my eight-year wedding anniversary yesterday.
1:05.8	My husband and I got some dinner and ate it in our car overlooking the Manhattan skyline
1:10.9	from our new neighborhood in New Jersey.
1:13.2	It's how we do it in the pandemic.
1:14.8	It's how we celebrate our love in the pandemic.
1:16.8	Black Wealth Matters continues on So Money,
1:19.0	and today, honored to bring on Tullit and Ty McNeely.
1:22.6	They are the founders of his and her money.
	...

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