Securing Financial Success in An Economic Mess
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Transcript of Securing Financial Success in An Economic Mess
Securing Financial Successin
An Economic Mess
Presented byKelvin Boston
Host, Moneywise PBS Series
Moneywise with Kelvin Boston
Recessionary Blues:
• Recovery will take ten years.• 33% of AA or Unemployed or Under Employed.• Corporate America can’t create enough jobs.• African American HH’s net worth is $4,000.• Black America might lose 50% net worth.• Financial Stress and Fear is a silent killer.• Hopelessness can create a generation of helpless
people.
A Financial Gospel
• Consider the recession as a new beginning.• We can do a lot on our own.• We can work in the 21St century workforce. • We can reclaim our communities.• We have time to get it right this time.• 25% of us want to become self employed.• 50% of us have some means of income.
MoneywiseIt’s Never Hopeless Tour
Jazzy Financial Moves
• Everyone needs a plan.• Education is still the best investment.• Exercise every day.• Reduce Debts and Increase Savings.• Find a Trusted Advisor.• Buy REO homes and undervalued stocks.• Connect with the SBA and SCORE.• Replace Fear with Faith.
The NAACP: Neo Soul
• Embrace the Economic Rights Movement.• Teach Financial Education To Everyone.• Promote Entrepreneurship.• Buy REO Homes in Your Community.• Join Neighborhood Stabilization Programs.• Hold Financial Stress/Depression Workshops.• Match Unemployed with Volunteer Programs.• Connect Unemployed with Retraining Programs.
Spiritually Speaking
• African Americans need someone to light the way to economic freedom.
• The NAACP represents the light of prosperity.• You are the light! Let your light shine! • Help others secure success in this economic
mess.
Let Your Light Shine