In this episode, Derrick Ramsey shares his journey and insights into financial literacy, investing, budgeting, and planning for retirement. Discover practical tips for starting your financial journey, overcoming mindset barriers, and leveraging tools to build wealth across generations.

Derrick Ramsey is the co-founder of Young, Black & Lit and a seasoned financial services executive with more than a decade of experience in portfolio credit management and risk analytics. Currently a Vice President at Synchrony, he has led credit acquisition and portfolio strategies for major national brands, driving profitable growth, operational efficiency, and risk mitigation in Fortune 500 environments. He holds a bachelor’s degree in Electrical Engineering and a master’s degree in Industrial & Operations Engineering from the University of Michigan, bringing a rigorous, data-driven lens to both his professional work and community impact.

Key Topics

• The importance of financial literacy and early education
• Practical steps to start investing with small budgets
• Budgeting frameworks and tools for consistent savings
• The significance of employer matches and retirement accounts
• Mindset shifts needed to overcome scarcity mentality

Resources

LinkedIn - Derrick Ramsey -

https://www.linkedin.com/in/derrick-ramsey-5505b313/

Rich Dad Poor Dad by Robert Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194

Ramit Sethi's Financial Books - https://www.amazon.com/s?k=ramit+sethi

Target Date Funds Overview - https://www.investopedia.com/terms/t/targetdatefund.asp

Fidelity Retirement Accounts - https://www.fidelity.com/retirement-ira/overview

Robinhood Investment Platform - https://robinhood.com/

Charles Schwab Educational Resources - https://www.schwab.com/learn

Young Black and Lit Nonprofit - https://www.youngblackandlit.org/