How This Award Winning Entrepreneur Is Building Generational Wealth
Forbes Topline
Forbes
4.8 • 6 Ratings
🗓️ 13 December 2023
⏱️ 13 minutes
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| 0:00.0 | Hi, I'm Ali Jackson Jolly. I'm here with Tamara Chapman, who is the president and CEO of Storehouse |
| 0:10.3 | in a box. She's also an attorney and a philanthropist and a advisory |
| 0:16.2 | council member for Forbes BLK. Tamara, welcome and thanks for being here. |
| 0:21.0 | Thank you for having me, Ali. It's an honor and a privilege. |
| 0:24.0 | Yeah, so about a month ago when we were at the Forbes BLK Summit, we had a really interesting conversation and that was around how the black community and the brown communities in America tend to over index in terms of philanthropy and volunteerism, but not necessarily in terms of wealth |
| 0:44.9 | building. Doing both, doing well well doing good is something that you focus on |
| 0:52.3 | with your organization you help nonprofits create |
| 0:57.1 | sustainable revenue flows and so talk to me about how you think we can get our community to to understand that you can do well, you can be a philanthropist, but you could also, |
| 1:09.7 | and should also be thinking about building your own wealth. |
| 1:14.0 | Absolutely. |
| 1:15.0 | So thank you for that question. |
| 1:16.8 | And you're right, when we had this conversation |
| 1:19.3 | a couple of weeks ago, it was really centered around, how do we continue to do well by doing good. |
| 1:25.9 | And so in terms of philanthropy I think it's absolutely necessary because once you develop a |
| 1:31.6 | deep why and you know why you're working so hard, |
| 1:34.8 | then it becomes easy to make money. |
| 1:37.0 | It becomes easy to accumulate wealth. |
| 1:39.5 | So if we're simply seeking to build wealth for wealth sake, that generally doesn't work and |
| 1:44.9 | that's not the type of wealth that'll stick around for too long. |
| 1:48.0 | But when we understand the different things that we desire to move the needle on, so if I know that I want to help underserved kids |
| 1:54.8 | in a community, if I know I want to move the needle |
| 1:57.4 | with cures for cancer, or eradicate hunger in Africa, |
... |
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