The reason I stress about figuring out and building wealth that I can leave behind for future generations is not just for materialistic goals but to be able to make impactful changes. For me the most important thing is to end the financial struggles my family face. Let’s perpetuate generational wealth and not the ‘black tax’. Today’s post is all about our daily finances and why it is so important to fix it now so that our great grandkids can still benefit after we are no longer around. This is known as building generational wealth. I am always careful in my posts about finance because I am not a financial advisor. What I know is what I have experienced, what has been shared with me and what I have learned on my journey to become financially unburdened.
Just under 2 weeks ago, BYP (Black Young Professionals) Network held the first ever BYP Conference. A leadership conference dedicated to black professionals. The first of its kind, in the UK at least. Panel discussions, workshops and keynote speakers were just a few of the highlights. AJ Odudu was the host in the morning and panellists/speakers included the likes of George the Poet, Tolu Ogunmefun, Gillian Joseph, Lord Michael Hastings and many many more. Attending the BYP conference made me realise that there’s a change coming and it’s a change in the right direction.
As I get older, I realise more and more things about people, places and life in general. One of such realisations is the fact that many black Londoners are unaware of the existence of black communities outside of London. In all fairness to them, the percentage of black people in London is by far the highest in comparison to other parts of the UK. As of the 2011 census, London is the region with the highest percentage of the black population (13.3%) versus the North East which is the region with the lowest percentage of the black population (0.5%). In addition to this, the black British culture that is portrayed on TV and across social media is very London centric. So, who can really blame these Londoners for not realising there is black life outside of London?
If you’re reading this it’s likely that you’ve been to an afro-carribean salon to get your hair done at least once. I was last in one on Friday, appointment was booked and price confirmed. Turned up and was told to wait an hour and the price had speedily inflated, grrrrr! Sounds familiar perhaps?