A living-wage income is a first and extremely important step to building wealth. But it cannot be the endgame when thinking about building inter-generational wealth. To advance economic equity, we must move beyond focusing on poverty reduction and living-wage job opportunities to focusing on wealth creation. *
Many of our country’s lowest-income workers turn to self-employment as a means of creating a job or supplementing a low-wage job. Entrepreneurship can be a pathway out of poverty, but many entrepreneurs are in need of support.
Overall, African American households are less likely to own a business than white households, and if they do, the business is, on average, eight times less valuable than a white owned business. One cause of this disparity is lack of access to capital and not having the relevant knowledge or mentor-ship as primary barriers to starting a business. **
Competing with white-owned business where access to capital is readily available and often secured by property, leads to a dead end cycle when property ownership is out of reach.
- Voices Rising: African American Economic Security in King County https://byrdbarrplace.org/wp-content/uploads/2018/01/VoicesRising_report_2017.pdf
** Wiedrich, Kasey, Sims, Jr, Lebaron, Weisman, Holden, Rice, Solana and Brooks, Jennifer (2016). The Steep Climb to Economic Opportunity for Vulnerable Families. Retrieved from http://assetsandopportunity.org/assets/pdf/2016_Scorecard_Report.pdf.
Reach students and families through our relationship with the school districts. Teaching age appropriate financial intelligence along with providing the tools necessary and key resources to navigate the economic ladder.
By knowing what comes next, you aren’t left to guess about the homebuying process. You can make informed, sound decisions that help you reach your goal.
You also know how to ensure that you are mortgage-ready. You’ll know exactly what documents you need to give to the underwriter so you can get approved quickly.
The overall effects of Home Ownership in regards to family generational and community wealth
Starting a small business? Make sure you get each of the 15 crucial steps. We take you step by step through the Small Business Checklist and Legal Requirements
If you truly want to kiss your day job goodbye, we can guide you through the process of becoming a successful freelancer with steady paying work.
The live streaming events will bring the panelists into break out rooms for one on one interaction.
The in person events are uniquely different from other seminars or panel discussions. Like an interactive theater, we will bring the panelists down from the stage and seat them at round tables with the audience.