What does "wealth" mean to you? | Aisha Nyandoro

TED Business

TED

Business, Modupe Akinola, Ted Business Podcast, Business Leadership Podcast, Ted Talks Business, Ted Modupe, Ted Talks

4 • 1.2K Ratings

🗓️ 18 December 2023

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

For people living in poverty, a guaranteed income can mean finally having the space to dream of a comfortable life. Sharing the stories of single moms who participated in a first-of-its-kind program that offered them $1,000 per month with no strings attached, poverty disrupter Aisha Nyandoro calls for us to redefine what it means to be wealthy — putting aside lavish vacations and fancy cars in favor of paid bills and a well-fed family — and to listen when people tell us what they need most. After the talk, Modupe dives deeper into what it means to really let individuals and families decide what to do with their own money.

Transcript

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0:00.0	Ted Audio Collective
0:05.0	Collective I have five nieces and a nephew
0:10.0	and I'm an adoring aunt. I'm blessed to have the kind of disposable income that allows me to support my family in numerous ways, like stepping in to bring dinner when everyone's too busy to cook,
0:23.6	or stealing my sisters away so they can get some much needed
0:27.8	rest and relaxation.
0:30.3	But I'm particularly passionate about helping support my nieces and nephew in ways that relate to their education.
0:37.0	Be it funding extra tutoring if needed for a particular subject,
0:42.0	or helping them access extracurricular activities like sports or dance.
0:48.3	And this extends beyond my immediate family.
0:51.9	I've been able to step in for young people I know, for instance, when a college scholarship is no longer
0:57.7	available and they need just a little help to finish out the semester. It's a privilege to be in this position and it has shown
1:05.9	me that wealth is about more than just having cold hard cash. It's about having the freedom to use your resources to uplift those you love.
1:16.0	I'm a dupeak Nola, this is Ted Business.
1:22.0	Our speaker today, Aisha Yandoro, wants us to redefine
1:28.0	what it means to be wealthy. Is wealth about a bunch of commas and zeros in your bank account?
1:34.0	Or is it the ability to live a life where you have agency over your own well-being
1:40.0	and the well-being of the people you love.
1:43.0	What would it look like for us to really trust people,
1:46.5	especially families experiencing poverty,
1:49.3	to decide what to do with their own money?
1:51.8	Then after the talk, I'll discuss this in greater depth. But first, a quick break.
2:00.0	Support for this podcast comes from BCG.
	...

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