There’s always a time and place for celebrating. Especially when it comes to being rewarded for paying your monthly credit card bill on time.
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Financial Literacy Expert | Investor | CEO of Companion Wealth Consultancy | Mandela Rhodes Scholar | Beit Trust Scholar
🎊𝐀𝐌𝐀𝐙𝐈𝐍𝐆 𝐔𝐏𝐃𝐀𝐓𝐄!!!🎊 In less than 24 hours, 850 slots are already gone for the life changing Companion Wealth Challenge.🥳🥳 In case you missed it, last year we had an incredible 11-month challenge with over 800 people joining in. We delved into the nitty-gritty details of money matters that shape our daily lives and guide our financial destinies. The Companion Wealth Challenge is all about winning together with those we love. Imagine 800 people, forming teams with friends, family, and workmates, engaging in monthly training sessions, and having those hush-hush conversations we all desperately need. 🤫💬 So guess what? The award winning challenge is BACK, and this time, it's not just big; it's BETTER, DEEPER, and ready to shake things up! We're targeting ALL the key relationships in your life that impact your finances—parents, children, spouses, friends, and/or work colleagues. 🌐👨👩👧👦 . Instead of just talking about financial goals, we're MAKING them together. Income increase? 🎯💰We're not just talking; we're CREATING plans together. Are you worried about black tax? We're breaking that taboo with strategic conversations about money. 💬💼 If you want to win with those you love, this challenge is made for you! These are the details below 👇👇: 𝐃𝐞𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐨𝐧: 11 months of Monthly Financial Literacy Lessons. You are required to join the challenge in groups of 2-5 people (preferably those you love) who will be known as your wealth companions. 𝐂𝐨𝐬𝐭: K70 per month per person (850 slots gone in 24hrs, only 700 slots are remaining!) 𝐃𝐞𝐚𝐝𝐥𝐢𝐧𝐞: January 30th If you’re ready to level up your financial game and build stronger, wealthier relationships then register NOW using this link: https://lnkd.in/dJWqFHqN 𝐏𝐒: 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 𝐚𝐫𝐞 𝐨𝐧𝐥𝐲 𝐬𝐡𝐚𝐫𝐞𝐝 𝐀𝐅𝐓𝐄𝐑 𝐫𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐚𝐛𝐨𝐯𝐞. 𝐍𝐨 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚𝐜𝐜𝐞𝐩𝐭𝐞𝐝 𝐛𝐞𝐟𝐨𝐫𝐞 𝐭𝐡𝐞𝐧.
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I help high achieving women to be in control of their money to match their success without sacrificing their values/lifestyle
Bookmarking Wealth EVERYONE should read this book! It helps with all sorts of boundaries. "Handle Black Tax Like a Pro" by Ndumi Hadebe is an insightful and practical guide aimed at empowering individuals who are navigating the complexities of 'black tax.' This term refers to the financial support that Black employees are often expected to provide to their extended families, which can be both a source of pride and a significant financial burden. In her book, Hadebe combines personal anecdotes with expert financial advice, offering readers effective strategies for managing their responsibilities without compromising their financial health. Through clear, easy-to-follow steps, the book helps readers set realistic goals, establish boundaries, and maintain a healthy balance between fulfilling family obligations and achieving personal financial independence. Whether you're just starting your career or are well into your financial journey, Hadebe's guidance is indispensable for anyone looking to handle black tax with confidence and foresight.
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According to recent Intuit QuickBooks survey data, 75% of Black small business owners agree that successful Black businesses are critical for a thriving Black community. Let’s recognize and support the incredible contributions Black-owned businesses make to our economy and local communities this #BlackBusinessMonth. Diversity fuels growth and innovation, making us all stronger together. Share your favorite Black-owned businesses or entrepreneurs of color in the comments to continue the conversation.
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HOW TO HANDLE BLACK TAX "Black tax" refers to the financial obligations or responsibilities that some individuals experience. it includes providing financial support to extended family members or contributing to community needs. While supporting family and contributing to community development can be important cultural values, it can also place a significant financial burden on individuals and hinder their own financial well-being. Here are some strategies for handling black tax: Set Boundaries: Establish clear boundaries around your financial resources and obligations. Determine what you can realistically afford to contribute while still meeting your own financial goals and needs. For example, I have an account called SEED ACCOUNT, that is where I do all my giving from, once it is exhausted, virtue has left the account. Nothing more till virtue returns. Communicate Openly: Have honest and open conversations with your family members clearly communicate what you can and cannot afford to contribute, it is not every every aso-ebi you must buy. Prioritize Self-Care: Take care of your own financial well-being first. Prioritize saving for emergencies, retirement, and other long-term goals before committing to supporting others financially. Set Realistic Expectations: Manage expectations by being honest about what you can realistically afford to contribute. Encourage family members to seek additional sources of support and explore ways to become more financially independent. Handling black tax requires a delicate balance between supporting loved ones and protecting your own financial health. By setting boundaries, some will call you proud, start a character assassination campaign etc. Be kind and firm.
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Did you know that black business ownership is growing at the fastest pace in 30 years, and the share of Black households owning a business has more than doubled? Although BIPOC and minority small business owners are gaining ground, there is still work to be done to support them. CDC Small Business Finance, a Momentus Capital branded family of organizations, is here to support underserved businesses and communities. Learn more great statistics about small business owners here: https://lnkd.in/g8bCb3WB
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As the amber leaves twirl gracefully to the ground and the air turns cool and crisp, Autumn arrives in all its glory. Yet, at VBH Financial Services Ltd, our dedication remains as steady as ever. Specialising in the unique accounting, bookkeeping, and consultancy needs of the black community, we understand that every financial dream starts with a solid foundation. In a world of fleeting financial fads, your personal financial management should not be left to whims and winds. We believe it's the cornerstone of enduring financial freedom and success. Every transaction, every ledger, and every consultation is treated with the gravity and focus it deserves. Imagine a world where your financial affairs are in the hands of professionals who genuinely prioritise your well-being. A company that stands with you, from the first penny saved to the ten millionth pound earned, accompanying you throughout your financial journey. Don't let the falling leaves be the only thing you look forward to this Autumn. Connect with VBH Financial Services Ltd, where your financial aspirations find a home and your journey towards success is championed with unyielding dedication. Autumn may be a season of change, but our commitment to you remains unwavering. VBH Financial Services Ltd — Unapologetically Black. Unapologetically Yours. If you would like to connect, network or engage with VBH Financial Services Ltd, please contact Vernon Butcher tel no 07437 863698, email vbh.financial.services@gmail.com or access our website https://lnkd.in/eYwxg7Ak Building black owned businesses and black communities is OUR mission!!
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Have you ever heard of the term 'Black Tax'? This is a concept that's gaining more recognition and sparking important conversations in our communities. 📈 What is Black Tax? In simple terms, Black Tax refers to the extra financial responsibilities shouldered by Black professionals to support their families and communities. It's not an official tax, but rather a cultural and economic phenomenon with deep roots and significant impacts. 💡Key Findings from Researchers: The research partnership with Bow valley college by Bunmi Obateru looked into how this impacts entrepreneurship amongst black immigrants in Alberta. Extended Financial Support: A large percentage of Black individuals provide financial support beyond their immediate family, often extending to extended family and community members. Impact on Savings and Wealth Accumulation: Our study revealed that this additional financial burden often impacts the ability to save and accumulate wealth, creating a cycle that's hard to break. Emotional and Mental Toll: Beyond finances, there's an emotional aspect to Black Tax. Many feel a strong sense of obligation, which, while admirable, can lead to increased stress and pressure. Why It Matters: Understanding Black Tax is crucial in recognizing the unique challenges faced by Black individuals - career professionals and founders alike. It's about empathy, awareness, and potentially rethinking how we support diversity and inclusion. Videography: Mikel Obi (Nigeria Soccer/Footballer)
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Happy Black History Month!! Please check out my article!!
Studies show that people are more likely to trust people they perceive as similar to themselves. By that standard, the financial industry falls short when it comes to Black financial advisors: Just 1.9% of financial advisors in the industry today are Black, according to the CFP Board of Standards. That means that Black Americans are having some of their most important conversations with professionals who don’t share a similar background — and that needs to change, writes Janna Thomas Hurd of Thrivent. #wealthmanagement #financialadvisors #DEI
3 reasons Black Americans need to see Black financial advisors across the table
financial-planning.com
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Expert Financial Advisor | Empowering African-Americans, Women, and LGBTQ+ Communities | Navigating Wealth Building with Cultural Insight | Let's Shape a Prosperous Future 🏦💪🏽 #FinancialPlanning
This is exactly why I became a Financial Advisor.
Studies show that people are more likely to trust people they perceive as similar to themselves. By that standard, the financial industry falls short when it comes to Black financial advisors: Just 1.9% of financial advisors in the industry today are Black, according to the CFP Board of Standards. That means that Black Americans are having some of their most important conversations with professionals who don’t share a similar background — and that needs to change, writes Janna Thomas Hurd of Thrivent. #wealthmanagement #financialadvisors #DEI
3 reasons Black Americans need to see Black financial advisors across the table
financial-planning.com
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