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Journey To Launch

137-The Black Tax: The Cost of Being Black in America with Shawn Rochester

Journey To Launch

Jamila Souffrant

Business, Investing

4.91.7K Ratings

🗓️ 29 January 2020

⏱️ 67 minutes

🧾️ Download transcript

Summary

Did you know that after ~400 years of being in the US, African Americans in the United States only own two percent of U.S. wealth? This week on the Journey to Launch podcast, my guest, Shawn D. Rochester talks about how this dismal stat came to be with data-based research and discusses what we can do about it using concrete solutions.

Shawn is the CEO of Good Steward, LLC and author of The Black Tax: The Cost of Being Black in America.  In his book and presentations at Google, and several universities across the United States, Shawn examines the true cost of being Black in America. He outlines what factors impact the Black community and explains how you can help close the wealth gap. 

Everyone must listen to this episode. I hope this interview sparks powerful conversations, deep thought, and inspires you to build black wealth and make strides to level the economic playing field.

In this episode you will learn:

  • What is the Black Tax and how it's impacting your wealth
  • How to identify unconscious vs. conscious bias
  • Why hard work is not the key to success and what resources you really need
  • Concrete ways you can close the wealth gap 
  • How to apply Shawn's PHD strategy to create jobs, capital, and thriving black communities, and so much more

You can watch this interview with Shawn Rochester on youtube by clicking here.

Other related blog posts/links mentioned in this episode:

Go to Journeytolaunch.com/freedomsummit to join me at the Financial Freedom Summit in May

Check out Shawn's talk at Google, which has had over 200,000 views and sparked a lot of conversations about the real cost of being Black in America.

I use Michael Hyatt's Full Focus Planner to keep me focused so I get things done. If you are looking for a planner consider using this one.

Check out the other tools that help me with my finances and business here

Check out the Journey To Launch Podcast index here which categorizes all of the Journey To Launch podcast episodes by subject. Now you can binge on your favorite topics or type of episode.

Join The Weekly Newsletter List

Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast!

Watch me on News12  Watch my latest segments on News12

YNAB –  Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 34 days trial of YNAB, my go-to budgeting app by using my referral link.

Connect with Shawn Rochester:

Website

Twitter: @BlackTaxed

Facebook:@Shawn.D.Rochester

Instagram:@BlackTaxed

Connect with me:

Instagram: @journeytolaunch

Twitter: @JourneyToLaunch

Facebook: Journey To Launch

Join the private Facebook Group

Get on the Money Launch Club Waitlist

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to the Journey to Launch Podcast, The Cost of Being Black in America, with

0:08.2

Sean Rochester.

0:09.7

T-minus. Welcome to the Journey to Launch Podcast with your host Janila Sufrant as a money expert who walks her talk.

0:19.0

She helps brave journeys like you, get out of debt save invest and build real well.

0:26.0

Join her on the journey to launch to financial freedom in five four three

0:32.4

two one Five, four, three, two, one.

0:39.0

Hey, hey, journeyers.

0:40.0

Welcome to the Journey to Launch Podcast.

0:45.0

Now, before we hop into this episode, because let me tell you something,

0:50.0

this episode will be, I believe believe one of my most important episodes that I've ever done today

0:57.0

but before we hop into that I want to say thank you for tuning in this episode 137 if you want to get any of the show

1:04.8

notes want to find out more what we're talking about go to journey to launch

1:08.4

dot com slash episode 137 but as I saying, I've done a lot of episodes before this one and I really

1:16.7

believe this is the most important conversation that I've had on the podcast ever to date and it's something that you need to hear and

1:26.1

so if you heard the title of it it's called The Cost of Being Black in America and

1:31.2

while my guest Sean and I will be discussing that just that right

1:35.4

being black and American the cost of it this episode is not only for black

1:40.3

people everyone needs to hear this.

1:43.0

So regardless of if you're black or white

1:45.8

or a person of color that is not black,

1:48.4

you need to hear this.

1:49.6

And you need to hear it because what we'll talk about today

...

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