College was Supposed to Do What For Blacks?
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84% of Black households in their 30s have student loan debt? How sway?
Alainta Alcin and Lawrence Delva-Gonzalez are two first-generation Haitian Americans discussing College, Mentoring and Direction when it comes to closing wealth gap. When the Wallstreet journal drops click bait, we jump on it and tear it apart as always. But seriously, the stats are damning for Colleges and what it takes to shift the income stream upward.
We will discuss our thoughts and hopefully have a candid discussion about how to improve the stats going forward.
Student debt disproportionately affects Black borrowers. Today, 86.6% of Black college students take out federal loans to attend four-year colleges, compared to just 59.9% of white students.
You can find us on our IG accounts:
Alainta Alcin – Blogger, Travel and Money Enthusiast @its_alainta
Lovely Merdelus – Entrepreneur and Small Business Growth Specialist @lovelymerdelus
Lawrence Delva-Gonzalez – Federal Auditor, Blogger and Tax Specialist @theneighborhoodfinanceguy
A bit about the Background of the Financial Griot
The Financial Griot is a play on two words (Finance + Griot) that hold significance in closing the racial wealth gap.
Merriam-Webster defines a Griot as a West African historian, storyteller, praise singer, poet, or musician. The griot is a repository of oral tradition and is often seen as a leader due to their position as an advisor to royal personages. As a result of the former of these two functions, they are sometimes called a bard.
As such, we tell the stories that others don’t. Stories that we should share for growth, opportunity and understanding. Beyond that we talk about Finances. Specifically, how to become Financially literate, incorporating actionable steps and ultimately building generational wealth.
So there you have it, The Financial Griot or TFG for short. You will be in for a treat. The hosts were able to amass over $2 Million in wealth in about 8 years and are on track to retire early. If you want the secrets; we will gladly share them since opportunity is abundant and Win-Win.
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