Cedric Nash—tech entrepreneur, author, and self-proclaimed "Millionaire Mentor"—cuts through conventional financial wisdom with a message that might challenge everything you believe about debt and wealth building. Backstage at the Black Wealth Summit 2025, Nash reveals why being "spooked by debt" while not being "fired up enough about wealth" keeps many people financially stagnant.

The founder of Oakland Consulting, a $100 million enterprise application software company, shares his journey from a modest $36,400 starting salary to financial independence. Nash doesn't come from privilege—his father was the son of sharecroppers born during the Depression, and his mother had an eighth-grade education. This makes his wealth-building blueprint particularly relevant for those starting without advantages.

Nash's provocatively titled book "Why Should White Guys Have All the Wealth? How You Can Become a Millionaire Starting from the Bottom" encapsulates his philosophy that wealth creation shouldn't wait until you're debt-free. "Come up with a debt payment plan, keep it consistent, put it on autopilot. But then all that excess cash, you got to get really busy investing," he advises. This balanced approach—playing financial offense while maintaining defense—creates the compound growth momentum that eventually leads to exponential wealth accumulation.

The conversation shifts traditional thinking about personal finance. While many follow debt-elimination gurus like Dave Ramsey, Nash points out that such singular focus caused many to miss the stock market's 300% growth from 2009-2018. His alternative approach? Be "rich in assets and poor in bad liabilities" and understand that properly built wealth can eventually handle your debt payments while providing lifelong income. Ready to transform your financial future? Start by changing the conversation about money in your life—because as Nash wisely notes, "if you can change the conversation, you can change the destination."

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