Robert Fortune returns to the show to talk about what the black wealth gap really means and what we can do now to close it for ourselves, families and communities.

According to the Federal Reserve, the average Black and Hispanic or Latino households (in the United States) earn about half as much as the average White household and own only about 15 to 20 percent as much net wealth.

Read the full article here: https://www.federalreserve.gov/econres/notes/feds-notes/wealth-inequality-and-the-racial-wealth-gap-20211022.htm 

#BlackWealthGap #FinancialLiteracy #FinanciallyFreeWithCleo

00:00:00 - Easier to get info these days 

00:00:25 - Intro

00:00:45 - Welcome back to another episode with Cleo and Robert Fortune 

00:01:23 - How is Robert’s week REALLY going

00:02:53 - Becoming aware of the black wealth gap

00:03:19 - What is the black wealth gap?

00:05:35 - Daily money habits text community

00:06:45 - Wealth means different things to different people

00:09:13 - Shifting from consumer to investor 

00:14:19 - Keep it real with yourself

00:15:33 - When you’re young you think you have plenty of time

00:18:32 - No regrets 

00:25:50 - Setting boundaries with helping friends and family 

00:34:35 - Higher paying jobs vs financial literacy

00:39:15 - Money yoga class

00:39:53 - More money allows you to become more of what you already are

00:42:29 - You can make six figures and still live paycheck to paycheck

00:44:04 - Don’t cash out your 401K

00:45:37 - Celebrate all wins, the big, small and the underestimated. 

00:47:27 - Cost of living comparisons

00:49:18 - Financial therapy 

01:02:32 - Three ways to start closing the black wealth gap

01:14:39 - How to connect with Robert Fortune

01:18:40 - When I quit a high paying job to get my yoga certification

01:21:48 - Mention CLEO for a free consultation with Robert Fortune

01:22:43 - Final words from Robert Fortune 

01:23:25 - Wrap up

01:23:58 - Outro

Connect with our guest Robert Fortune. Mention CLEO and get a FREE financial consultation: 

Website: https://www.fortunecapllc.com/

Email: [email protected]

Business Instagram: @fortune_advisory https://www.instagram.com/fortune_advisory/

Personal Instagram: @newmoneyfortune https://www.instagram.com/newmoneyfortune/

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