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?||
The Receipts (Show Notes)
Author: Kara Stevens
Author: Joshua Holland
Date: August 8, 2016
Author: Christopher Ingraham
November 28, 2018
Authors: William Darity Jr., Darrick Hamilton, Mark Paul, Alan Aja, Anne Price,
Antonio Moore, and Caterina Chiopris
Date: April 2018
pbs.org: PBS NewsHour
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
13 Stories of Life on a Teacher’s Salary (Time Magazine)
Author: Katie Reilly
Date: September 13, 2018
Broke-ish Philosophy on Personal Finance
- Know your net worth and it doesn’t correlate to your self worth.
- Create your own money priorities. Don’t let others dictate what’s important to you.
- Make money a family and friends affair. Have open conversations with hard numbers.
- Meet with a professional.
- Take it easy on yourself. No judging.