When it comes to wealth building, Black households only own an estimated 4% of wealth compared to 84% of White Households. Cedric Nash is an investor and entrepreneur who educates, inspires, and motivates Black wealth building in the African American Community. He believes Black people can build wealth in spite of the odds.
Since the beginning of the COVID-19 pandemic, the economy has been filled with uncertainty. Rising Costs and inflation have many economists believing we are heading towards or already in a recession. As the founder of “The Black Wealth Summit” and author of the forthcoming book, “Why Should White Guys Have All the Wealth”, Cedric Nash believes there are steps black households can take to prepare for a recession and build wealth even if you are starting from square one.
“Black Americans can create your own wealth journey, even if you’re starting from the bottom using a systematic and specific approach that is short on empty promises and long on techniques,” says Nash. “By taking what you have, earning considerably more, building up your investment capital, and making what I call ‘Millionaire Money Moves’ to accumulate appreciating assets that generate income and wealth, you will set the foundation for genuine generational wealth that you and your loved ones can continue building upon for years to come.”
The Chicago Defender spoke with “The Millionaire Mentor” about what he calls “Millionaire Money Moves” to create generational wealth.
The Black Wealth Summit is held every October. The theme of this year’s summit is “The Season of Accountability” and features guest speakers, Daymond John, Iyanla Vanzant, and Angela Ye. For more information on Cedric Nash visit his Instagram at https://www.instagram.com/MillionaireMoneyMoves/ .