Kelsey Wilson, founder of comprehensive wealth management firm Black Lines Financial, joins the podcast to discuss topics ranging from financial literacy, attaining true equity, and how past generational habits and trends influence our current socioeconomic status today.

00:00:00 - Introduction and Guest Background

00:00:27 - About Black Lines and Fiduciary Financial Firms

00:01:16 - Kelsey's Journey into Finance

00:03:31 - Financial Literacy in America

00:05:06 - Investment Strategies and Savings

00:06:03 - The Role of Financial Advisors

00:07:19 - Contributing Factors to Financial Illiteracy

00:08:34 - The Importance of Early Financial Planning

00:10:38 - Addressing Financial Constraints

00:13:51 - Payday Routines and Personal Finance Management

00:15:44 - Investment Strategies and Personal Spending

00:17:21 - The Psychological Aspect of Money

00:18:31 - The 60-20-20 Rule in Financial Planning

00:21:39 - The Influence of Marketing and Peer Pressure on Spending Habits

00:25:46 - The Importance of Conscious Financial Decision Making

00:27:26 - The Impact of Generational Financial Habits

00:27:26 - Generational Financial Literacy and Its Evolution

00:28:20 - The Influence of Historical and Cultural Factors on Financial Habits

00:31:18 - The Historical Impact of Slavery on Consumption Habits

00:32:49 - The Evolution of Wealth in the Black Community

00:33:35 - The Need for Reparations and Equitable Resources

00:35:30 - The Role of Government in Addressing Inequities

00:36:52 - The Business of Slavery and its Profits

00:41:05 - The Importance of Keeping the Conversation Alive

00:42:20 - Quantifying the Profits from Slavery

00:45:39 - The Modern-day Implications and Continuation of Slavery

00:46:43 - Incarcerated Labor Force and Modern Slavery

00:50:07 - The Impact of Economic Inequity on the U.S. Economy

00:53:30 - The Global Currency and the U.S. Dollar

00:56:27 - Investing in Cryptocurrency

00:58:51 - Retail Investors and the Stock Market

01:02:01 - Managing Your 401k Investments

01:02:32 - Understanding Investment and Voting Rights

01:03:51 - The Power of Financial Literacy

01:04:56 - Thoughts on BlackRock, Vanguard, and State Street

01:06:32 - The Role of Government in Market Regulation

01:08:14 - The Influence of Large Companies

01:09:23 - The Balance of Power in the Market

01:11:57 - Introduction to Black Alliance Financial

01:14:40 - Final Thoughts and Contact Information