ABOUT THIS EPISODE
The Conversation: Tapping into Your Financial Power...No Matter How Much You Have
Money is one of the most essential things we need to survive, but is one of the things most of us know so little about.
Most of us don't know what's in our 401(k), yet it's OUR 401(k).
Many of us believe the stock market is only for certain folks, yet place our bets on winning a lotto ticket.
Many of us look our paycheck, and lose it before we can even think of a "budget"
On top of this, the majority of us believe that we don't have options to grow our money.
Kevon L. Chisolm and his teenage son Kevon Kamari Chisolm, Jr. aka "Junior Wallstreeter" will share with you why we need to tap into the full power of financial literacy. We don't just mean budgeting and saving.
We're talking about giving your money options to grow: 401(k)s, stocks, and more.
Tune in if you are ready to learn how to start maximizing your money, no matter where you are in your financial journey.
Topics We Cover
- Why financial literacy is more than budgeting and saving
- How do I become proactive about my money?
- Do you know what's in your 401K?
- Investment clubs-scams or opportunities?
- Opportunities to teach younger children about money
- How do I pick a stock?
- Bitcoin-good or bad investment?
- How do you research stocks?
- What are dividends?
- Foundation of maximizing your money: How do I start?
- Why our community needs to learn financial literacy
- Why knowing your history is key to your financial future
3 Important Things to Remember
Start by asking questions The first step to maximizing money is to open your mind and start asking questions about the financial habits you already have
You can grow your money No matter how much you have, everyone has an opportunity to grow their money through a lot of ways: investing, learning new skills, real estate, and more
Connect with people who respect money Once you are ready to change your financial future, find people and resources (books, podcasts, courses) that can help you reach your financial goals.
The Homework
Today's homework is simple, but requires deep thought...just 3 questions to ask yourself
- How much money do you need to be happy?
- Where did that amount come from?
- Do you ever believe you will achieve the money you need to be happy?
Ask yourself the above three questions
Related Episodes
Episodes 25 The Power And Importance Of Financial Literacy In The Minority Community with Terrance Wyatt
Related Blog Posts
Banking Up Your Mindset: The Other Part of the "The Secret" to Getting Money
About Our Guests
Kevon L. Chisolm and his teenage son Kevon Kamari Chisolm, Jr. aka "Junior Wallstreeter" are building a business and legacy of financial literacy and African American history to empower the African American community.
Kevon is a trademark lawyer, financial educator, educator of African American studies and the father of Kamari. Kamari is a freshman in high school who has used his father's knowledge along with finance camps and his own interest to become a financially savvy financial educator for youth.
Links
The Black Wallstreeter website
The Black Wallstreeter on Facebook
The Black Wallstreeter on Instagram
Books Mentioned in the Podcast
Destruction of Black Civilization: Great Issues of a Race from 4500 B.C. to 2000 A.D.
