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HerMoney with Jean Chatzky

Ep 464: How Black Female Entrepreneurs Are Building Wealth

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.81.3K Ratings

🗓️ 26 February 2025

⏱️ 33 minutes

🧾️ Download transcript

Summary

As we close out Black History Month, we wanted to shine a spotlight on one sector of the population we’re truly in awe of: Black female business owners. Although Black women make up less than 10% of the U.S. population, they’ve emerged as the fastest-growing group of entrepreneurs in the country.  Today we’re joined by Tiffany Dufu, president of the Tory Burch Foundation and author of Drop the Ball, to discuss what’s fueling the rise of Black women-owned businesses, the biggest hurdles they face, and how we can all use our purchasing power to support them. Looking for more financial confidence? 🚀 FinanceFixx – Our 4 or 8-week coaching program to get your finances on track! Our next 4-week session starts March 6th, use code SAVENOW for a 15% discount. 📈 InvestingFixx – A club for women ready to grow their wealth. Your first month is completely free. Have a question for us? Write to us (or send us a voice note!) at [email protected]. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So if you can buy direct, if you have the ability to go direct and buy from a black business,

0:07.6

please do that. If you don't have the ability to do that or you can only get access by going into a

0:12.6

store, by all means, go into the store and buy that product off of the shelf because that's still

0:18.8

helping that business, even though you might not agree

0:22.8

with the policies or the politics of the larger retail chain.

0:28.6

With inflation affecting everything from the groceries we buy to the price we pay for gas,

0:33.7

using apps that make my money go further is essential. That's why I like Upside. It gives me

0:39.9

real cash back on the things that I'm already buying. I first started using Upside when my friends

0:46.6

recommended it telling me that it was saving them a lot on groceries. Since then, I've used it

0:53.0

when I've stopped for gas at my favorite coffee shop,

0:55.8

even on those last-minute takeout orders when cooking just isn't happening. Upside users are making

1:02.7

an extra $280 a year on average, and that's a weekend getaway. That's taking a chunk off of the

1:10.3

high-interest rate credit card debt you're carrying.

1:13.6

Download the free upside app and use promo code, Her Money, to get an extra 25 cents back for every gallon on your first tank of gas.

1:22.3

That's an extra 25 cents back for every gallon on your first tank of gas using promo code Her Money.

1:32.8

Hey everyone, thanks so much for joining us today on Her Money. I'm Gene Chatsky. And as we

1:38.3

close out Black History Month, I wanted to shine a spotlight on one sector of the population that I am, to be honest,

1:47.2

in awe of black female business owners. Because get this, black women make up less than 10%

1:54.9

of the U.S. population, but they have emerged as the fastest growing group of entrepreneurs in the country.

2:04.2

And in 2025, with the rollback of DEI programs that were serving to boost minority and

2:10.7

women-owned businesses, they need our support more than ever.

2:15.5

That's why I am so excited to welcome Tiffany Dufu back to the show.

...

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