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The Breakdown with Shaun King

Ep. 506 - In the Black: Economic Wellness & The Pressures of Money

The Breakdown with Shaun King

The North Star

News, Society & Culture

4.812.6K Ratings

🗓️ 24 August 2021

⏱️ 42 minutes

🧾️ Download transcript

Summary

While I'm on the road this week, the staff at The North Star will be playing some of our favorite episodes from some of our other podcast series. Today, here's one of our favorites from Sick Empire.

On this episode of Sick Empire we explore the health of Black wealth. Host Branden Janese interviews two brilliant financial pundits, Tiffany Hawkins and Allan Boomer of The Momentum Advisors. You'll hear candid conversations surrounding Black finances. We dive into topics surrounding the health of the Black dollar. You’ll hear how Black folks have overcome the history of trauma surrounding finances and what the future looks like for Black economics.

Transcript

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0:00.0

Hey everybody, Sean King here. We're rerunning some of our favorite episodes of the breakdown

0:05.2

and other North Star podcast. The breakdown.

0:14.0

Is the act of creating generational wealth and active healing?

0:18.4

How do we consider the financial components of wellness when we are talking about healing while black?

0:24.6

I'm your host, Brandon Jennings, and on this episode of Sick and Pire, we are talking about

0:29.3

what the progress of financial wellness has looked like for black folks.

0:34.1

And what progress we can make to set the next generation up to succeed without financial burdens.

0:40.7

Today is an extra special episode. I'm going to share a powerful and candid conversation I had

0:46.4

with two brilliant financial experts, Tiffany Hawkins and Alan Boomer, who together host a podcast

0:52.9

called the Momentum Advisor Show. Today they school us on where a lot of our black

0:58.1

dollars are going today and how to reroute our millions back into our own communities.

1:03.9

They also give us a glimpse of what they hope the future of black financial wellness looks like.

1:34.1

Can you all tell me what did finances and economic wellness look like for y'all when you were growing up?

1:41.6

It's interesting that you asked that, right? Because I don't think I knew what my financial

1:47.0

situation growing up looked like until I became an adult. I always assumed that we were middle class,

1:54.4

based on the neighborhood that we were raised in, both of my parents had good jobs. I didn't

1:59.9

feel any financial struggle growing up, but it doesn't mean it wasn't fair, right? So that's

2:05.6

what I mean. I probably didn't know what our financial standing was until I became an adult and

2:10.0

realized the sacrifices that were being made around me. I went to college, my parents did not pay

2:15.2

for college. I do have student loans. There were no wealthy people in my family. I was the first

2:19.3

person in my family to graduate from college. And everybody was just getting by. We didn't struggle to

2:24.5

eat or to cover our bills or anything like that. But, you know, I'd never seen wealth in my own

...

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