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Everyone's Talkin' Money

Dismantling Barriers to Black Generational Wealth

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6631 Ratings

🗓️ 3 August 2022

⏱️ 42 minutes

🧾️ Download transcript

Summary

The truth is everything in America isn’t always equal, especially when we’re talking about building and passing down generational wealth. The most important lesson that our guest Portia Wood, a generational wealth planning attorney at the Wood Legal Group, LLP shares are that you must get educated to protect yourself and your family and learn how to build generational wealth for future generations. That is one of the most powerful tools you have in your money tool belt. Portia is passionate about teaching everyone about estate planning, especially black and brown communities. Portia shares how you can fight back and work to build true generational wealth, the three legal documents everyone needs, and how something as simple as a house can be one of your best generational wealth-building assets. I hope you’re as fired up after this episode as I am. It’s time we start creating sustainable change for you, me, and everyone listening - we all deserve generational wealth. Let’s get talkin’. Links Wood Legal Group, LLP Portia on LinkedIn Episode Sponsors Thanks to Chime for sponsoring the show. Get started with Chime today. Applying for a free account takes less than 2 minutes. Get started at chime.com/mymoney. Thanks to the Jordan Harbinger Show for sponsoring this episode. Search for The Jordan Harbinger Show on Apple Podcasts, Spotify, or wherever you listen to podcasts. Thanks to BetterHelp for sponsoring the show. I want you to start living a happier life today. As a listener, you’ll get 10% off your first month at BetterHelp by visiting our sponsor at http://www.betterhelp.com/mymoney.  Thanks to Shopify for sponsoring the show. Shopify is more than a store. Connect with your customers. Drive sales. Manage your day-to-day. Go to http://www.shopify.com/mymoney for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. FOLLOW & SHARE Leave us an honest rating and review, pretty please. Head to the podcast player you’re listening to this episode in to leave us a review or you can click here to leave a review for Everyone's Talkin' Money podcast on Apple Podcasts. Reviews help us continue to grow and bring on more amazing guests. Thank you in advance!  Love this episode? Share it with a few friends so they can learn these valuable money concepts as well. Be sure to FOLLOW and SUBSCRIBE to never miss an episode! Have a Shannah Shares question? Submit your question here https://bit.ly/shannahshares Follow Me on Instagram for more money tips and behind-the-scenes information https://www.instagram.com/shannahgame More Ways to Enjoy Everyone's Talkin' Money *Download our FREE Top 25 Episode Guide See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:21.8

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0:23.1

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0:27.1

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0:30.3

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0:31.8

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we can put an end to shred loss everywhere.

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Hit the new Tony Hawk's Pro Skater 3 and 4 and show the world that the shred's not dead. Pre- new Tony Hawk's Pro Skater 3 and 4 and show the world that the shreds not dead,

0:56.6

pre-order Tony Hawk's Pro Skater 3 and 4 and play the foundry demo.

1:09.6

When we think about generational wealth, we're thinking about how do we take everything we've spent our lives building to provide a foundation for the next generation to stand on top of and build from.

1:22.3

That could be anything.

1:24.3

And the study that I mentioned earlier that found that only, you know, 13% of

1:27.9

college-educated African-Americans get $10,000 to the next generation, they chose $10,000 as

1:33.9

their barometer because it has the ability to be transformational in somebody's life.

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