Ep 24 – Closing the Racial Wealth Gap: Is There Really More Than One Way To Skin A Cat?

Is there really more than one way to skin a cat when it comes to closing the racial wealth gap? Can personal financial coaching and individual wealth management lead to macro systemic changes in racist, American capitalism? Amber and Erika sit down with Dr. Nicole Garner Scott of Legacy or Lose to compare and contrast their views and approaches to closing the racial wealth gap and how both sides can work together on the goal of achieving equality and economic justice for our people. Check out what we have to say in this episode.

Homework

  1. Follow Legacy or Lose on Instagram or Twitter.
  2. Determine what your net worth is: what you own minus what you owe. Use this information to set goals or just so that you can know where you are.

Receipts

Dr. Nicole Garner Scott is a highly sought after serial entrepreneur, finance expert and coach. She launched Amount Financial Services which positioned her as a thought leader, teacher, speaker and nationally-recognized money expert.
Though her company and digital financial membership platform caters to thousands, Nicole’s mission is to help create financial breathing room for households of underrepresented communities and realistic wealth plans to fit any budget while focusing on legacy building and generational wealth

  • Facebook: @DrGarnerScott
  • Instagram: @DrGarnerScott
  • Twitter: @DrGarnerScott

The Road to Zero Wealth: How the Racial Wealth Divide is Hollowing Out America’s Middle Class

Authors: Dedrick Asante-Muhammad, Chuck Collins, Josh Hoxie, Emanuel Nieves

  • Median household wealth for Black families = $1,700
  • Median household wealth for white families = $116,000
  • The median black family is estimated to have $0 in wealth by the year 2053

    Date: September 2017


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