Tag Archives: racial wealth gap

The Greatest Financial Literacy Video Ever (According To Our Editor)


“A wise person should have money in their head, but not in their heart.” – Jonathan Swift

By William A. Foster, IV

Anyone who knows me and has talked to me about money has been sent this video. As a financier who has been asked for personal finance help by family and friends along with once upon a time being a former adjunct professor whose primary job was to teach a prism of subjects for incoming freshmen at a local community college throughout the course, one of those being financial literacy, finding this video was like stumbling upon treasure.

Dan Griffin, CPA, in one hour could honestly change your financial life if you listen, take notes, and put into action everything he discusses. I have watched more financial literacy videos than I can count and this is hands down the best. It is not smoke and mirrors, nor him trying to sign you up for anything, or any of the quite frankly pompousness that I tend to come across with this new era of financial literacy experts that have cropped up as a niche industry. Are there credible people out there trying to teach financial literacy? Absolutely. Is it getting harder and harder to figure who is genuine and who is a pimp turned pastor turned financial advisor? Definitely. Dan Griffin’s video is the most basic financial “meal” imaginable, meat and potatoes. His voice throughout is never too high or low, but simply steady. Moving from one subject on the financial menu to the next and explaining them in depth while giving you additional information to look up on your own. Quite frankly, I have yet to see anyone come remotely close to this one hour.

If the wealth gap for African Americans is to be closed both individual and institutionally, then it starts with improving our basic financial literacy and that is what this video does. As a bonus, we have also added how you can legally get to a point where you are paying no federal taxes.

The Finance & Tech Week In Review – 3/4/17


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Every Saturday the HBCU Money staff picks ten articles they were intrigued by and think you will enjoy for some weekend reading impacting finance and tech.

These are the 22 best universities in emerging economies / WEF wef.ch/2lCMeSB

Why college doesn’t help more in closing racial and ethnic wealth gaps / St. Louis Fed bit.ly/2kz2sf6

This enormous solar power plant just became the biggest in the world / WEF wef.ch/2mdBq1y

You knew millennials were worse off than their parents, but this is how bad it is / WEF wef.ch/2mvIMLw

15 of the CIA’s most intriguing declassified maps / WEF wef.ch/2mdRxMl

Portable 3D printer builds a tiny house for a tiny price / New Atlas newatl.as/2mVpEpG

Astronomer and photographer Zoltan Levay makes distant galaxies beautiful. / Science News  ow.ly/s7zJ309yHRF

Trump announces budget cuts that may give China tech leadership / Computerworld ow.ly/Svss309AnxS

 Apple forfeits teachers’ pet rep as U.S. share sinks / CIO ow.ly/M5uC309AnoX

Advances in coral restoration hold promise for protecting coasts—and economies / Pew Trusts ow.ly/LHUX309Ansk

St. Louis Fed’s Chief Economic Adviser Discusses Demographics, Education, And Race Of Wealth


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“William R. Emmons, senior economic adviser at the Center for Household Financial Stability at the St. Louis Fed, discusses key findings from the center’s research on demographics—specifically race, ethnicity, education and age—and the relationship of those factors to wealth accumulation.” – via St. Louis Fed

3e9c4900-5ce5-451f-9003-6c469db793c3For the full presentation and video click here.