Black Wealth is in Our Hands

Detroit business owner Tasha Danielle, 34, is sharp when it comes to money.

The Detroit-based business owner of Financial Garden owns a curriculum-based program that teaches students about money smarts while “planting financial seeds” of growth for adults and parents, too, according to her website, https://financialgarden.com.

She hopes to inspire others with her big-money moves.

“No one talked to (students) about money,” Danielle said of her encounters with students in schools, and at her church, where she tutored math. “Whenever I would use any reference to financial literacy, or banking, I was met with a deer in headlights look. That is when I had the idea to write a curriculum. I knew there was a need.”

Greater Detroit, it’s also time to have the talk, too, about personal finance. The nascent Advancing Black Pathways program shows three avenues that can boost economic empowerment and opportunity for the Black community: education, career, and wealth. Solving the problem as it relates to Black wealth is not just a Black issue but across the country collectively.

Education is stressed in the Black community and for good reason. It can help propel this community to greater heights and help land graduates with their prime career choice. But, more schooling in the form of a four-year college, is not always attainable. But looking more to local community groups, according to Essence, from acquiring basic skills like how to write a resume and interview for a job to internships, apprenticeships, and community colleges can help bridge that gap.

Secondly, careers can open the door to more contacts, more opportunities, and more people who can bear witness to the quality of your work and your character, the article added.

Finally, there’s wealth. Personal finance looks like a lot of different things. It can be building a rainy-day fund and shopping for sale items at the grocery store, but Advancing Black Pathways cites three vital ways to build wealth:

  • Running a small business. You are your own boss, which means all the responsibility rests on your shoulders as an owner, but you also get the perks. So, having the right resources improves your chances of success.
  • Investing for the future. This sounds like a lot to many of us initially, so start with the basics, like learning about stocks generally and about market fluctuations.
  • Buying a home. This can be a step for many families, especially where homeownership is the exception, not the norm, but learning the basic information about mortgages can help you get started on that journey.

Education, career, and wealth are intertwined. When you get all three moving the needle in the right direction, the journey from the jump can be worth it. Let’s get to it, Detroit.

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