In this episode of the Moneymatics Podcast, Omobobola Adetunji shares her insights on the concept of black tax, particularly from the perspective of Africans living in the diaspora. She reflects on her recent trip to Nigeria and discusses the significant remittances sent back home, the real needs of families, and the challenges faced by those trying to help. Omobobola emphasizes the importance of investing wisely and finding sustainable solutions to support loved ones without compromising one's own financial stability. She also highlights the opportunities for wealth creation in Africa despite systemic challenges.

Chapters

00:00 Introduction to Black Tax and Remittances

02:08 Understanding the Real Needs Back Home

04:41 The Overwhelming Nature of Helping Others

07:30 Investing Wisely: Teaching to Fish

10:00 Navigating a Broken System

12:27 Opportunities for Investment in Africa