Ep. 3 – Ain’t No Fun (If the Homies Can’t Have None): What Personal Finance Can’t Fix

On this episode of Broke-ish, Delina and Erika explore ideas that we need to shed in order to move forward.  Delina answers the question everyone has been asking, “why don’t you like Dave Ramsey?” Though personal financial literacy is necessary, often times the thinking behind our strategies is shaky. It promotes individualism, meritocracy, judgment of others and judgment of ourselves. The co-hosts encourage Brokers to begin thinking more about us in terms of community vs. our individualistic pursuits and begin working for policy changes to close the racial wealth gap. Ain’t No Fun (If the Homies Can’t Have None)


Are you an expert on your personal finances?
  • Read Heal Your Relationship with Money (Kara Stevens)
  • Have open conversations today and in the future with your friends and family about your finances. Exchange tips.
  • In professional circles, share hard salary and benefit information to help with negotiating.


The Receipts (Show Notes)

Heal Your Relationship with Money

Author: Kara Stevens

Date: 2018


The Average Black Family Would Need 228 Years to Build the Wealth of a White Family Today (The Nation)

Author: Joshua Holland

Date: August 8, 2016


How white racism destroys black wealth (The Washington Post)

Author: Christopher Ingraham

November 28, 2018


What we get wrong about closing the racial wealth gap.

Authors: William Darity Jr., Darrick Hamilton, Mark Paul, Alan Aja, Anne Price,
Antonio Moore, and Caterina Chiopris

Date: April 2018


The surprising logic behind the use of check cashers and payday loans

pbs.org: PBS NewsHour


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

Date: September 2017

  • 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


Black Women’s Equal Pay Day



13 Stories of Life on a Teacher’s Salary (Time Magazine)

Author:  Katie Reilly

Date:  September 13, 2018


Broke-ish Philosophy on Personal Finance

  1. Know your net worth and it doesn’t correlate to your self worth.
  2. Create your own money priorities. Don’t let others dictate what’s important to you.
  3. Make money a family and friends affair. Have open conversations with hard numbers.
  4. Meet with a professional.
  5. Take it easy on yourself. No judging.


  1. My IQ has increased exponentially while listening to, enjoying, laughing and being completely intrigued by your podcast! I learn so much with each episode and really enjoyed the documentary you all directed me to in Episode 3! This episode relieved, empowered and inspired me! After you all laid the groundwork with some disappointing facts in the 1st episodes, I’m now starting to find hope and personal accountability for myself, my family, friends and larger community with this show and that feels good! This is a must listen to for EVERYONE! Definitely for black people, but I also think it would provide some insight for white people as well! Keep up the great work you all!!

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