Matt Houston, a professor, and entrepreneur, joins hosts D Johns and Phillip Washington Jr. on the Wealth Blueprint podcast to discuss the development of generational wealth in the Black community. They explore the importance of knowledge transfer and the role of traditional education in wealth creation. Matt shares his personal experiences growing up in a middle-class family and the impact of his father's entrepreneurial ventures. The conversation also delves into the challenges of balancing entrepreneurship and family life, as well as the potential for entrepreneurship to create opportunities for Black individuals. They also discuss a recent meeting with the Dallas Economic Development Corporation and the lack of understanding and support for the Black perspective in economic development initiatives. The hosts wrap up the episode with positive feedback and encourage listeners to follow them on social media.

Key Takeaways:

- Generational wealth is the transfer of knowledge through bloodlines to equip future generations for success.

- Traditional education plays a role in wealth development by providing a foundation for processing information and developing critical thinking skills.

- Entrepreneurship offers the potential for creating generational wealth and along with it comes the lesson of learning to deal with uncertainty

- Diverse perspectives are essential in decision-making processes to ensure comprehensive and effective solutions.

- Genuine efforts are needed to build systems that benefit the black community and address social issues.

These conversations from the intersection of Family and Finance are long overdue. We hope that you enjoy this episode and the others that will be released weekly (Wednesday). 

Follow Phillip: https://instagram.com/askphillip

Follow Derek: https://instagram.com/thedearsonpodcast

Produced by Dear Son, Network and WBMS Media

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