Wealth and Wisdom Together®

79. Dr. Michael Thomas: Black Financial Culture - Building Wealth From The Inside Out

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Building generational wealth is not just about financial gain; it's about breaking the cycle of poverty and creating a legacy for future generations. 

This week on The Abundant Living Podcast, we sat down with Michael Thomas to discuss his new book, “Black Financial Culture: Building Wealth From The Inside Out”.


Michael G. Thomas Jr., Ph.D., is an Accredited Financial Counselor (AFC®), a lecturer at the University of Georgia, and the founder of Modom Solutions - a virtual financial coaching service. His research focuses on financial empathy and self-compassion, data visualization's effects on financial behavior, and the connection between brain function and money. 


His Ted Talk: Financial Empathy: Understanding the Story Beneath the Numbers, summarizes his philosophy on effectively interacting with money. By utilizing financial empathy as a process for active listening, Dr. Thomas is helping black families create sustainable wealth by first navigating healing and forgiveness.


Let’s Embrace Abundant Living:

07:00 - How To Navigate Black Culture

09:30 - Break Down The Beliefs That Bind You    

21:45 - Forgiveness Is Found in God’s Grace

32:40 - How To Create Sustainable Wealth

40:15 - Take Ownership In Your Own Journey

Black Financial Culture Takeaways

  • “Money is not the main thing; you are.” - Michael Thomas 

  • “I can be empathetic and compassionate to my past self so that I can be victorious in my current self.” - Michael Thomas  

  • “Somebody has to be all in before everybody is going to be all in.” - Michael Thomas 

  • “Forgiveness is a financial wellness and wealth strategy.” - Michael Thomas  

  • “We can walk through the promises of God to remind ourselves, to unbound ourselves, to what our past was.” - Michael Thomas

  • “Take ownership in your own journey.” - Michael Thomas 

  • “Walk into the fullness of who you are.” - Michael Thomas 

  • “God has always been my safety net.” - Michael Thomas 

  • “You have to keep the bag that you’ve secured, not just get the bag.” - Michael Thomas

  • “Abundant Living, for me, is learning how to love yourself.” - Michael Thomas

    • SPONSOR

    This episode is brought to you by our  Wealth and Wisdom Steward Circle! If you're seeking a community rooted in faith that can help you improve your financial situation, the Wealth and Wisdom Steward Circle is the place to be. Our membership is tailored for Christians who want to establish better financial habits and attain financial stability and freedom. With our biblical finance curriculum, group coaching, and community, you can take control of your finances and achieve your goals.

    Connect with Michael:
    Instagram: @modomsolutions | https://www.instagram.com/modomsolutions/

    Email: [email protected] 

    Website: https://www.blackfinancialculture.com/

    Book: https://a.co/d/gZhw6Gv

    Let’s Connect:

    Connect with Weslia Echols, AFC®  and  Willa Williams, AFC®,  Trinity Financial Coaching

    Instagram: @mytfcoach | https://www.instagram.com/mytfcoach/

    Facebook: @mytfcoach | https://www.facebook.com/mytfcoach

    Website: https://www.mytfcoach.com/

    Schedule a 30-min Discovery Call: https://www.mytfcoach.com/book-online

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    Wealth and Wisdom Together®By Willa Williams and Weslia Echols