‘The Color of Wealth’: Overcoming Structural Challenges

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 2 February 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Black women face distinct challenges when building wealth. So what can they do about it? To kick off this new series, “The Color of Wealth,” NerdWallet writer Elizabeth Ayoola talks with Washington Post personal finance columnist Michelle Singletary about what Black women and mothers can do individually to grow their wealth. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Prime Video brings thrilling entertainment.
0:03.0	Watch Heavyweight Detective Breacher, Season 3 included with Prime.
0:07.0	Exactly how much danger is this job putting me in.
0:10.0	Treat yourself to the lovably chaotic Bridget Jones mad about the boy available to buy.
0:15.0	Did you have sex? Did you have sex?
0:17.0	Did you have sex last night?
0:19.0	Yes! And it was amazing!
0:23.0	Whatever you're into, it's right here.
0:25.3	Prime Video.
0:27.1	Click or tap the banner to find out more.
0:45.8	Welcome to the Nervalit Smart Money podcast, where we typically answer your personal finance questions and help you feel a little smarter about what you do with your money.
0:46.7	I'm Sean Piles.
0:49.4	We have a special episode in store for you today.
0:54.3	Personal Finance nerd Elizabeth Ayula is picking off our new series called The Color of Wealth,
0:58.6	where she'll talk with money experts about how black women can build wealth, including the challenges they face and how to balance motherhood and money goals. Welcome to smart money, Elizabeth.
1:04.3	I'm happy to be here, Sean. Even happier to be talking about this topic, it's one that gets my
1:10.0	wheels turning and something I think
1:11.5	is relevant as I am a black mom of myself and I'm on a journey to building wealth. So Elizabeth,
1:16.6	since this is your first time on smart money, can you please tell us a little bit about yourself
1:20.8	and why you wanted to talk about these topics on the podcast? Of course. So I'm a writer at NerdWallet, and as I mentioned earlier, I'm also a mom to a rambunctious five-year-old.
1:30.4	I wanted to discuss these topics on the podcast because I'm a late bloomer when it comes to investing.
1:35.7	And one reason is a lack of access to financial information and just general information about how to build wealth.
	...

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