Enrich Scholars’ Post

“Capitalism is the most pure and unadultered form of capitalism” Is it something we should fight? Should we accept it? Jim Vaselopulos tells us more about this market phenomenon. Discover how black markets drive economic activity underground and why free markets are essential for a thriving, transparent economy. Watch now!

The Connection Between Culture, Habits, and Choices: Impact on Black Wealth Discover the powerful role of culture, habits, and choices in the decline of black wealth. Gain insights into how societal behaviors and financial decisions shape economic outcomes. Understand the importance of intentional actions to build a prosperous future. #BlackWealth #CultureandWealth #HabitsandChoices #FinancialDecisions #EconomicOutcomes #WealthBuilding #IntentionalActions #SocietalInfluence #FinancialEducation #ProsperousFuture

Exploring the dynamic investment landscape: 68% of young Black Americans are actively participating in the market, bridging the investment gap. Notably, 25% are delving into cryptocurrencies, embracing new horizons. 📊💡 #FinancialEmpowerment #InnovativeInvesting. Read more at #culturebanx https://lnkd.in/gNRHHrpR

Are you making money decisions based on your goals & values? As Shehara Wooten, CFP®💰 points out "you buy what you value and prioritize". Change the way you think about money to consider your values and priorities when making financial decisions. Your first question should be: Does this help me accomplish my goals and fit my value? #moneymindset #values #priorities

The BEST investment you can make today is in 𝗬𝗢𝗨𝗥𝗦𝗘𝗟𝗙! However, investing in yourself will come at a 𝐏.𝐑.𝐈.𝐂.𝐄., but it has potential for exponential growth. Let’s review my 𝐏.𝐑.𝐈.𝐂.𝐄. acronym. 𝐏 - 𝐏𝐫𝐞𝐩𝐚𝐫𝐞 - Prepare, don't Procrastinate - Make Progress and - Release Perfection 𝐑 - 𝐑𝐞𝐬𝐢𝐬𝐭 - Resist the urge to keep your bad habits - Create new habits - Remain Focused 𝐈 - 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐞 - Take the initiative to ask lots of questions - Be inquisitive about your imagined life and dream about the details 𝐂 - 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲 - Never discount the power of community and accountability - Find your tribe, your squad 𝐄 - 𝐄𝐟𝐟𝐨𝐫𝐭 - No Excuses only effort - Get out there and start - Make adjustments along the way Agree? ~ ~ ~ ~ Hello! I’m Shehara (Sha-Hair-Rah)Wooten, CFP®, speaker and author. I help ambitious mid-career Black women STEM professionals who are paralyzed, stuck and anxious about her finances develop a clear financial plan so that she can have peace of mind knowing that she never has to reply on anyone for her financial security. Enrollments are open for The Wealth Gap Closers™ Method and in some of the sessions I emphasize how the sacrifices made today will be worth it for the reward. DM “PEACE” to schedule a strategy session with me. Ring the 🔔 for inspiration, motivation and financial empowerment tips.

Can I let you in on a little secret? The truth is: 𝒀𝒐𝒖 𝒃𝒖𝒚 𝒘𝒉𝒂𝒕 𝒚𝒐𝒖 𝒗𝒂𝒍𝒖𝒆 𝒂𝒏𝒅 𝒑𝒓𝒊𝒐𝒓𝒊𝒕𝒊𝒛𝒆! I saw a social media post stating that,“People will get a 5, 6 or 7 year car loan and bulk at the idea of investing their money at least the same amount of time.” I believe that way of thinking boils down to having: ⚡️𝗠𝗶𝘀𝗮𝗹𝗶𝗴𝗻𝗲𝗱 𝗩𝗮𝗹𝘂𝗲𝘀 Your values are your guiding force and provides direction for your imagined life. When you align your values with your goals you’ll make better financial decisions. ⚡️𝗠𝗶𝘀𝗮𝗹𝗶𝗴𝗻𝗲𝗱 𝗣𝗿𝗶𝗼𝗿𝗶𝘁𝗶𝗲𝘀 Your spending and saving choices don't align with your long-term financial goals, leading to short-sighted decisions and potential future financial hardships. Prioritize what truly matters to alleviate financial challenges. ⚡️𝗠𝗶𝘀𝗮𝗹𝗶𝗴𝗻𝗲𝗱 𝗠𝗼𝗻𝗲𝘆 𝗠𝗶𝗻𝗱𝘀𝗲𝘁 Which can show up as an obsession with material possessions and status, driving you to prioritize spending on luxuries or meaningless possessions over building a secure financial future. Don’t get me wrong. There’s nothing wrong with spending money on nice things but when the spending and consuming is misaligned with your investing and savings goals then there needs to be an evaluation of your: - Values - Priorities and - Mindset Thoughts? ~~~ 👋🏾I’m Shehara (Sha-Hair-Rah)Wooten, CFP®, speaker and author. I help ambitious mid-career Black women STEM professionals who are paralyzed, stuck and anxious about her finances develop a clear financial plan so that she can have peace of mind knowing that she never has to reply on anyone for her financial security. DM “HOPE” to schedule a strategy session to discover if The Wealth Gap Closers™ Method is for you.

Today is Juneteenth, a federal holiday in the US that commemorates the end of slavery in the Confederacy, and subsequently in all of the United States. It is a portmanteau of "June" and "nineteenth" (1865), when Union major general Gordan Granger ordered the enforcement of Abraham Lincoln's Emancipation Proclamation. In the US, it is an opportunity to reflect on, and support, Black-owned businesses, and for impact investors, an appropriate moment to consider how successful Black entrepreneurs have been in accessing capital. After all, impact investors should consider not just whether enterprises' goods and services benefit society, but also whether all groups have fair access to enterprise capital in the first place, regardless of the nature of the goods and services produced. This report, based on Crunchbase data, says that Black entrepreneurs received 0.5% of US venture capital in 2023, down from a peak of 1.4% in 2021, when the murder of George Floyd the previous year stimulated interest in Black access to capital, an interest that appears to have faded. Compared to Blacks' representation of 13% in the US population, this is a disturbing outcome that calls for a much greater, and more explicit, focus on this group's capital needs. #juneteenth #impactinvesting #venturecapital #blackentrepreneur #racialequity #blackhistory Extend Ventures https://lnkd.in/evbEZ6hv

Black Blood in a Thriving Economy It serves as a stark reminder that prosperity often comes at a cost. It urges us to look beyond the surface of economic success and examine the darker realities that underlie it. A thriving economy may boast impressive numbers, but if it is built on exploitation, environmental harm, and social inequality, its foundations are inherently unstable. The metaphor of "black blood" challenges us to consider the ethical dimensions of economic growth and to strive for a model of prosperity that is not only financially robust but also socially just and environmentally sustainable. Only by addressing these hidden undercurrents can we ensure that the lifeblood of the economy is not tainted, but instead flows with equity and integrity.

🚨Despite the significant contributions of Black-owned businesses to the U.S. economy, there are still substantial barriers that Black entrepreneurs face when it comes to accessing capital, resources, and support. ▶️One of the most striking statistics is that only 1 in 20 Black Americans hold business equity compared to their white counterparts, which means that Black entrepreneurs are less likely to have the resources and financial stability they need to start and grow their businesses. . . #nhe3 #nhe3connector #blackhistorymonth #blackbusinesses #blackownedbusinesses #blackbusinessesmatter #blackbusinessmatters #finanicalliteracy

The The United States Black Chamber, Inc. has released the USBC Black Investment Report, which sheds light on the #investment landscape for Black households + businesses. The report conveys that stock ownership are one of the primary drivers of the nation’s wealth gap — with 66% of white families owning stocks vs. 39% of Black families. It’s notable to emphasize the role that #fintech has played in the #democratization of capital access for Black households, with companies like Robinhood making it simpler to invest. In fact, the report states that nearly 50% of Black investors are between the ages of 18-34, relative to only 21% of white investors being in that age category. 👏🏽👏🏽 While the finance sector continues to be a ‘warm introduction’ industry, fueled by tightly knit social capital predominantly dominated by white men — fintech #innovation has done well to flatten the learning curve for traditionally un-/underbanked individuals. Fintech has made many traditional means of accessing capital completely irrelevant — and that’s the energy we need! As a practitioner in the financial services industry, my peers and I have a RESPONSIBILITY to be more imaginative about meeting the demands of our communities. Communities deserve tailored solutions that flatten the learning curve. Simply regurgitating the rules of an antiquated system (which is exclusive by design) won’t cut it. Huge kudos to fintech innovators who are building solutions that mirror the everyday behaviors of the community. It’s working. Thank you, Marie Clark, for sharing this report with me. ➡️ Download the full report here: https://lnkd.in/eNpD6RyN