How To Build Generational Wealth

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.4 • 1.4K Ratings

🗓️ 19 June 2023

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

On Juneteenth we celebrate the end of slavery, acknowledge how much progress still needs to be made, and commit to make that progress. We can’t say that we live in an equal world while White Americans hold 84 percent of total U.S. wealth but make up only 60 percent of the population—while Black Americans hold 4 percent of the wealth and make up 13 percent of the population. Closing the racial wealth gap will take more than promotions and raises (although those are important too), it will take investments in multigenerational wealth. To give the roadmap to that wealth, Nicole passes the mic to investing expert and MNN host Dominique Broadway.

Transcript

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0:00.0	I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.
0:07.0	It's time for some money rehab.
0:15.2	Today is June 10th, a day where to put it simply we commemorate the end of slavery.
0:20.8	It's a celebration of June 19th, 1865, when the order was made to free slaves in Texas.
0:27.5	It's a celebration of freedom, but it goes hand in hand with remembering everything that
0:31.7	came before it.
0:33.2	And further complicating the spirit of the day are the ways racism and generational trauma
0:38.1	still exist today.
0:39.7	So as a person who wants to be a good ally, how do I show up on June 15th?
0:44.5	What is the most significant thing I can give to have an impact?
0:48.3	I am still getting educated on the best way to answer these questions.
0:52.0	But what I've come up with today is that the most meaningful thing I can do is to use
0:56.6	whatever platform I have to amplify the voices who have been traditionally marginalized.
1:02.0	So today I'm going to be passing the mic over to Dominique Broadway, who is a brilliant
1:05.9	investor that I love and respect so much and for so many years now.
1:10.8	As a black woman, she is a true disruptor in the space that has traditionally been dominated
1:15.8	by white men.
1:17.7	She has made it her mission to help the 99% build generational wealth and she is doing it.
1:25.1	Today you're going to hear one of the episodes of her MNN podcast we have options.
1:29.8	And just to share my thinking here, I'm actually not going to be sharing an episode where she
1:33.9	talks about race.
1:35.2	Maybe that's right.
	...

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