In celebration of Black History Month, we brought back Karen’s popular 2 part podcast series on Black Economic Prosperity – Past Present and Future. Catch new intro and update too. The wealth gap between white and black communities because of systemic racism and the resulting obstacle for building equity and wealth is astounding. This is part 2 of Karen Rands’ series on Black Economic Empowerment and Prosperity.
This episode addresses the 10X prosperity gap, as reported by the Brookings Institute (AVG Black Household net worth is just $17,150 in 2016, while the average white household is $171,000) and suggests causes for that vast divide that compounded over time and builds upon the research and insights provided in Episode 1.
Here, Karen discusses the cycles of prosperity for Blacks in a segregated America, often followed by violence and out right biased legislative and financial practices intended to help enrich White while prohibiting Blacks from participating in those same economic and educational opportunities.
Karen touches on the challenges with public education, higher education, and societal beliefs that infect the black identity in America and the historic lack of capital and offers insight into new opportunities for Black Americans.
Karen provides a strong call to action for successful black business owners, and ‘white’ corporations, investors, VCs and Family Offices to be proactive in efforts to engage and uplift minority entrepreneurs and black business owners.
The many links referenced in the podcast can be found in the blog post for this segment at https://www.karenrands.co/compassionate-capitalist-the-black-lives-prosperity-past-present-future-pt2/
The live video of this podcast is to see Karen’s passion on this topic in action: https://youtu.be/52Ta1wH_Ch8
Karen believes that teaching about wealth creation as an investor in entrepreneurs is a profound way to bridge the wealth gap for the next generation.
Karen Rands, is the leader of the Compassionate Capitalist Movement and author of the best selling financial investment primer: Inside Secrets to Angel Investing: Step-by-Step Strategies to Leverage Private Equity Investment for Passive Wealth Creation.
Did you know that the ‘idea of’ and the ‘how to’ create wealth as accredited angel investors by investing in entrepreneurs and owning a piece of multiple private companies was a secret for non-millionaires for over 90 years. Karen is an authority on creating wealth through investing and building successful businesses that can scale and exit rich. This podcast is the infomercial for the idea of angel / crowdfund investors as Compassionate Capitalists.
The Compassionate Capitalist Wealth Maximizer System is now available for those investors that want to learn how to invest in entrepreneurs as an asset class like real estate or the stock market. Visit http://Kugarand.com to get your free gift: 12 Inside Secrets to Innovation and Wealth and join the email wait list for the next Free Intro – Wealth Mastery Immersion Challenge
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