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It’s no secret that spending habits in the black community are like none other. We are the most fashionable and materialistic people and it shows!! It shows in the lack of savings accounts, stocks and bonds and college funds amongst our people. Here are a few statics for you:
We make an estimated 156 shopping trips a year
We spend more on hair care and beauty aids than we do on grocery
We spend approximately $2 billion on athletic shoes
We spend approximately $3.7 billion on alcohol
We spend $600 million on fast food
This is just the surface of our spending habits and the main reason our savings accounts are lacking. Join my special guest LaKesha Womack and me as we discuss money management and tips on saving. If we know better we will do better. I have a few things to learn as well so let’s learn together with LaKesha!
LaKesha Womack has over 15 years of training, human resource management, business development, political consulting, brand management and strategic planning experience. Her previous position includes working as a Financial Advisor for Ameriprise Financial. LaKesha is also a published author of six books including Building a Brand Without Spending a Bundle, an interactive guide to creating an identity for your personal or professional brand.
Join Damon Rawls and Phylecia Tarael-ANU with contribution from Tamu Ngina as they explore the relationship between wealth and spirituality.
In this segment they discuss Owo which is the spirit of money from the Yoruba Pantheon and how to attract more wealth into your life.
Join us for another great show.
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