There are several steps to wealth management and personal finance. Across the country, there are several African American’s who are excelling at finance along with hosting platforms that can provide you with helpful information that can assist you become more financially savvy. During the past 100 S.M.A.R.T.e.r. Academies we have learned about the power of money from bankers like 100 Member Virgil Miller (left, of Arvest Bank) and US Congressman French Hill. Did you know there are several African American’s across this country who are excelling at finance along with hosting platforms that can provide you with helpful information that can assist you become more financially savvy? Let’s look at our top five people who excel in teaching financial literacy:
1. The Budgetnista - Tiffany “The Budgetnista” Aliche has a great story to tell of how she used a personal setback early in her career to help her become America’s personal financial educator. Tiffany founded the LIVE RICHER Challenge Movement; a virtual community of over 200,000 thousand women from 100+ countries. Author of two #1 Amazon bestsellers, The One Week Budget and Live Richer Challenge, Tiffany and her financial advice have been featured in The New York Times, Reuters, US News and World Report, the TODAY show, PBS, Fox Business, MSNBC, CBS MoneyWatch, TIME, ESSENCE Magazine, and FORBES. Aliche has several blogs about personal finance for The Huffington Post and U.S. News and World Report.
2. Black Market Exchange – Dr. Eric Patrick, a Pharmacist by day hosts a great website with videos and blog posts that are geared towards the millennial. Patrick has helpful advice on what platforms to use, when to buy and sell stocks including guides, resources and coaching for up and coming investors. One of my favorite posts was 5 Stocks for the Beginning Hip-Hop Investor where it was explained how to make money while still being fly.
3. Dr. Boyce Watkins – Dr. Boyce Watkins, A Finance professor for over 20 years has many platforms that will help you with economic empowerment. In 2015, Watkins and his brother Lawrence created The Black Business School, an online educational platform featuring courses taught by vetted and experienced instructors. Students can take courses that will help them directly with their businesses or startups. Courses include topics like “Black Money 103: How to Start a Strong Black Brand” and “Cryptocurrency Investing 101″. His brother Lawrence explains the importance of financial liberation to black families here. Compared to traditional education, the cost for The Black Business School ranges from $39 a month to $300. A bundle of 30 courses will run you close to $3,000. Watkins is also the head of The Dr Boyce Watkins Economic Empowerment Institute at Simmons College of Kentucky.
4. Manage Your Damn Money with Ben & Malcolm – Ben Carter and Malcolm Ethridge are young financial experts on a mission to change America’s approach to financial competency. They host a podcast that discusses student loan debt, high unemployment rates post-graduation and the struggle to survive in America. Bouncing Back from a Financial Setback was an informative blog where they how to bounce back with money issues arise.
5. Black Enterprise – In 1970, Earl Graves, Sr. started Black Enterprise Magazine to bring about a shift in America's balance of wealth and power that would help any person of color succeed. The mission statement of the magazine is: "Lacking capital, managerial and technical knowledge, and crippled by prejudice, the minority businessman has been effectively kept out of the American marketplace. We want to help change this." Decades later, Graves and family still provide vast financial information. Recently, the magazine featured Travis Montaque, former General Manager of Chick-fil-A, and servicing a private equity firm as an investment banker, Montaque turned down an offer from Goldman Sachs to work on Wall Street.