Oppression to Riches: The Stories of America's First Black Millionaires (with Shomari Wills)

The Stacking Benjamins Show

Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

Personal Finance, Financial Planning, Education, Retirement, Investing, Cfp, Business, Money

4.4 • 2K Ratings

🗓️ 3 February 2021

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We've told plenty of incredible underdog financial stories on the podcast, but none like the one's you'll hear today. More than recovering from 6-figure debt or learning how to balance their budget, today we're excited to bring you the stories of the first black Americans, some of whom survived slavery, but who all went on to become millionaires. Shomari Wills, author of Black Fortunes, joins us today to bring incredible stories of fortitude, challenges and surpassing hardships. We're sticking with the financial "comeback" theme during our headlines. Think you should throw in the towel on the whole financial independence thing because you've made a few mistakes? While you may not have the star power to pay off a $9 million tax evasion bill, like today's headline focus, Mike "The Situation" Sorrentino, your path to independence isn't over because you've wracked up some debt or made some bad decisions. Plus, a big life insurance company just was sold to another. If you're a client, what happens to your policy? We'll describe how it all works on today's show. Of course we'll also throw out the Haven Life Line to a lucky listener AND save time for some of Doug's trivia. Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hey, this is Andy Hill from the Marriage Kids and Money Podcast, and when I'm not singing
0:05.7	Disney karaoke songs with my kids at home, I'm stacking Benjamin's.
0:10.0	Live from Joe's Mom's Basement, it's the Stacking Benjamin Show.
0:20.0	I'm Joe's mom's neighbor, Doug, and this week we begin the celebration of Black History Month,
0:35.0	joining us with Stories and Lessons from our earliest Black Millionaires, we welcome Journalist
0:41.0	Shomari Willes.
0:42.0	Plus, we're all MTV fans here, and Mike, the situation Sorrentino from MTV's Jersey
0:50.2	Shore, is probably someone you've been wondering about.
0:54.1	What happened to that guy?
0:55.1	He used to be worth $10 million, but what's his story now?
1:00.5	Because the situation's number one fan and stalker, I can't wait to hear all about it.
1:06.8	Plus, what exactly happens to your life insurance when your providing company gets sold?
1:12.9	Does your coverage change?
1:14.6	And finally, we'll toss out the Haven Lifeline to Julie, who wants to have more money conversations
1:20.2	with her husband.
1:21.2	What's the best way to start having these conversations?
1:25.2	And I'll keep you guessing with my tax-related trivia.
1:29.7	And now, two guys who've been trying to have a basement theme show on MTV for decades,
1:36.1	it's Joe and O-J-J-J-J-J-J.
1:46.5	You know what I've always thought, if they played music videos on MTV, how cool would
1:51.2	that be?
1:52.2	Could be a thing.
	...

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