Business and Finance
Neuropsychology helps you match your values to your portfolio
Dr. Jatali Bellanton is a neuropsychologist who studies the brain and the checking account.
Bellanton is a spot where mental health and financial literacy meet. transformer Future generations‘ relationship with money. While balancing motherhood, Bellanton founded two nonprofits: Kids Who Bank and Brilliant Minds Unite. These organizations align together with her life’s mission of helping people grow larger and feel higher.
The nonprofit’s CEO wants black people to interrupt the generational curses that keep them from achieving financial independence. With roots in investment banking, Bellanton hopes to be a part of the answer to closing the racial wealth gap. Banking where your values are is step one, she says.
Bellanton shared her observations with BLACK ENTREPRENEURSHIP on what black people have to learn about modern currencies, angel investors, and becoming a multi-passionate person with a cause.
What led you to this philanthropic path with your expertise in financial wisdom? How do you be certain that others, especially the youth, are financially able to tackle this world?
My roots are in investment banking and forensic accounting. (There) I noticed that a number of wealthy, affluent people struggle financially with budgeting. (That included) a number of the basic issues that I assumed only Black and brown people struggle with. That got me to a spot where I assumed, how can we solve this problem? And I just desired to be a part of the answer. Especially because there have been people in my family who were really terrible with money, and I didn’t wish to be a part of that. It’s a generational curse, if anything, and I desired to be more of a generational blessing. And so I also knew that wasn’t what I wanted to advertise as a parent.
We know you’re a “mompreneur” and even won the 2019 New York State Mother of the Year Award. How has motherhood impacted your mission?
I do know tomorrow is uncertain. So, as a parent, whatever I learn about funds now, if I do not teach my child, I’ll not have the chance to create a legacy for them. Whether it’s financial stability or emotional stability, he knows his mom loves him. He knows his mom was a tough employee who made sure he had savings and a trust fund. For him, the trust fund will dictate how much is paid out and when, but additionally ensure he understands why things are created, while also understanding the world we live in on the subject of wealth.
From your perspective, why should black people use recent age currencies, NFTs, cryptocurrencies and blockchain? Is this really the longer term and what should our community know?
Seeing how far we have come technologically and knowing that we’re just getting began, I tell people this on a regular basis. If Bitcoin, Ethereum, and these particular coins were going to go somewhere, they might have done it by now. But they have been around for over 10 years. It’s not a phase or a fad. It’s something that the federal government is even talking about. So we should always concentrate because while we’re sitting there, there’s this next distribution of wealth that we’re potentially missing out on. And now we’re seeing a brand new paradigm opening up, which is the NFT, metaverse, blockchain, and crypto space.
We know there is a large racial wealth gap on the planet, especially within the U.S. You were on “Our America: In the Black” to debate this issue and achieve financial empowerment. What do you think is essential to shut it? What can we do ourselves to maneuver the needle forward?
I feel the very first thing is banking, where our values are and investing in corporations with social impact that can assist us move forward. I feel like for a very long time, a number of us have been talking about divide and conquer. We really want to return together and conquer to take our country to the subsequent level. When you invest, ensure the businesses have core values that you consider in, with campaigns that you think will help us be higher. Those are a few of the vital things that I feel all of us need to take a look at to get to the subsequent level.
As an angel investor, can you discuss inclusivity on this space? How do Black entrepreneurs find you and others like you?
Sometimes I’m speaking at angel investor conferences. Or I’m going to a VC round or a TED Summit, and people are the latest corporations which can be coming into the sport. So just being within the room is half the battle. We cannot say we wish to do something, so we do not exit and get within the room. Sometimes it is also about being comfortable with being uncomfortable. If you make a certain quantity of cash, you can get out of paying for certain conferences. Sometimes we might need to pay to be within the room, and that is OK, because you know what? There are other people who find themselves paying to be within the room. And meaning they probably have a certain level of success or network.
What lessons are you teaching your future-focused nonprofits, Kids Who Bank and Brilliant Minds Unite, to organize them for achievement?
Well, the very first thing I’ll say on behalf of each is that we now have profit and nonprofit. So for me, crucial thing was asset classes. Teaching them that if you live in a capitalist country and you learn to be a capitalist, it’s because capitalism is the muse of it. And then you should learn what it means to be a capitalist, right? How powerful is your dollar or cryptocurrency or wealth and the way can that affect things? It’s just having those conversations. The same conversation doesn’t change whether you’re 80 or you’re six.
What advice can you give now to those that don’t have the support or help to achieve success in the longer term?
The most significant thing is to simply start. You do not have to know every thing and you cannot read every book. You do not have to go to each website; just start and watch out. Don’t invest simply because another person is doing it. And ensure you have an account with the appropriate institutions. Or those that give you the perfect value for your money. Just ensure you take it step-by-step. Connecting with people like me or mentors may help you on your journey.
Business and Finance
First black lottery operator
In a city that pulls thousands and thousands of individuals all over the world, Emmanuel Bailey’s success story began in Washington. He began from humble beginnings, growing up with a single mother and moving from rental to rental throughout town and the Washington, D.C., metropolitan area for many of his childhood. At the peak of the drug epidemic, he saw his hometown affected by crime and poverty, and when he returned from college, his town was considered the murder capital of the country. Yet despite these adversities, he all the time worked hard and looked to a brighter future – a super his mother instilled in him since he was a small child.
As Bailey began his journey to a brighter future, he realized that to achieve success, he needed to pursue a university education. Through these pursuits, he became the primary member of his family to attend and graduate from college. He enrolled at Eastern Kentucky University, earning a bachelor’s degree in business administration. While at EKU, he set out to realize the high level of success his mother expected of him in all areas. After graduating from EKU, he obtained an Executive MBA from the Business School. Robert H. Smith on the University of Maryland.
Emmanuel achieved early success within the financial sector. Over the following 25 years, he rose through the ranks, starting as a branch manager at Citizens Bank of Maryland and ending with vice chairman of Fannie Mae. These roles provided him with invaluable experience as a seasoned entrepreneur and leader. After all the pieces he had achieved at Fannie Mae, it was time to strike out on his own.
Seeing the potential within the lottery industry, Emmanuel founded an operations and management services company to run lotteries more efficiently and effectively. Key service providers (VSC) has management experience in all facets of the state lottery contract, including providing direct supervision and management of lottery agents, retail systems, implementation and maintenance of gaming equipment, and oversight of the performance of the central gaming system. He worked in various positions in state lotteries across the country to achieve real institutional knowledge of the ins and outs of the brand new industry he was entering. Combining his latest knowledge with business sense, he decided to win contracts with the most important names within the industry.
The lottery industry is amazingly competitive, and contracts are sometimes awarded to large national firms. However, as Emmanuel grew his business, hiring experienced staff and expanding VSC’s capabilities, he began to make a reputation for himself as a trusted and talented operator within the industry. He soon partnered with titans in the sector and eventually became the one black business owner to operate a state lottery in your entire United States, in his home “state” of Washington.
But his success didn’t end there.
Bailey continued to hone his expertise, turning VSC right into a multi-million dollar company with over 100 employees. He was honored with the 2020 North American Association of State and Provincial Lotteries (NASPL) Powers Award, which he won based on nominations from the DC Lottery itself. In its nomination, the District of Columbia said Emmanuel “is far from a stereotypical executive… and will ensure that the DC Lottery continues to operate every day and that our company remains profitable into the long-term future.” It continues to grow its business by opening a VSC office in Maryland and searching to expand its geographic reach.
Despite all his success, Emmanuel never forgot his family and his connection to his community. He stays deeply committed to giving back to DC communities. He has donated a whole lot of 1000’s of dollars to varied local DC-based organizations supporting programs comparable to school athletic and humanities departments, educational support and health care. He also served and continues to serve on the boards of many local organizations.
Now Emmanuel looks to the longer term. Always striving to enhance his business, Emmanuel works to enhance operations and improve the efficiency of the DC Lottery, while also giving back to the community and creating more opportunities for young children growing up in circumstances like his own. While his feet are firmly planted within the DMV, his ambitious and entrepreneurial spirit has his eyes on expansion into additional states. He says his best achievement, above all his other achievements, is that he helped his mother retire.
Business and Finance
David Shands and Donni Wiggins host the “My First Million” conference at ATL
December is the birth month of David Shands and Donnie Wiggins, friends and business partners. Most people have fun by throwing a celebration. Others imagine it must be catered for. The chosen ones spend the day relaxing in peace and quiet.
Then there’s Shands and Wiggins.
The two decided that the best birthday gift can be to offer individuals with resources for generational wealth through a conference called “My first million”in Atlanta.
It’s a compromise between how their families and family members need to honor them and their desire to proceed to serve others. Shands acknowledges that almost all people won’t understand, and he unapologetically doesn’t expect them to.
“It’s not up to us to convince anyone why we do what we do,” admits Shands.
“I think everyone does what they do for different reasons, and I would just attribute it to a sense of accomplishment that I can’t explain to anyone else.”
He doesn’t need to clarify this to Wiggins because she understands his feelings. Wiggins has had a passion for serving others for so long as she will be able to remember.
“When I was in middle school, there were child sponsorship ads on TV featuring children from third world countries. I was earning money at the time and I asked my mother to send money,” she says BLACK ENTERPRISES.
She recalls how sad she felt for youngsters living in a world with so many opportunities, but at the same time going hungry. Her mother allowed her to send money, and in return she received letters informing her of their progress.
“It was very real to me,” Wiggins says, now admitting she’s undecided the letters were authentic. “I received a letter from the child I sponsored, a photograph and some updates throughout the 12 months. It was such a sense of being overwhelmed and it was something I felt so good about. I didn’t even tell my friends I used to be doing it.”
She carried this sense throughout her life, even when she lost every little thing, including her house, cars, and money. She still found ways to serve and give back, which is the basis of her friendship with Shands.
They each love seeing people at the peak of their potential, and that is what “My First Million” is all about. There can be no higher birthday gift for them than helping others create generational wealth.
What to expect during the “My First Million” conference.
They each built successful seven-figure empires, then train others, write books about it, and launch an acclaimed podcast Social proof.
Now they’re imparting that knowledge through the My First Million conference, an event for aspiring and existing entrepreneurs. Shands and Wiggins need to prove that being profitable is feasible and encourage people to bet on themselves.
“David and I, on paper, are not two people who should have made millions of dollars. Number one, we want (people) to see it,” Wiggins says. “Then we want them to actually get out of that room with practical and actionable steps.”
Both are clear: this just isn’t a motivational conference. This is a conference where people, irrespective of where they’re of their journey, will come away with clarity about their business and what they must be doing as CEOs. Shands and Wiggins want individuals who do not have a transparent marketing strategy or are considering starting a business to also attend the meeting.
“A few areas we will cover are inspiration, information, plan and partnership,” adds Shands. “We will give you 1-2-3 steps because some people get depressed and uninspired. Even if they know what to do, they won’t leave, go home and do it. So we have to really put something into their heads and hearts that they come away with.”
Sign up and enroll for My First Million Here. The conference will happen on December 13 this 12 months. but Shands and Wiggins say it definitely won’t be the last for those who miss it.
Business and Finance
Operation HOPE on the occasion of the 10th annual world forum
Operation HOPE Inc. takes over Atlanta for the biggest game in the country dedicated to financial literacy and economic empowerment, Saporta reports.
The HOPE Global Forums (HGF) Annual Meeting 2024 strengthens the crucial link between financial education, innovation and community upliftment in hopes of finding solutions to the problems that stifle challenges around the world.
Organized by Operation HOPE founder John Hope Bryant, together with co-chairs Atlanta Mayor Andre Dickens and U.S. Ambassador Andrew Young, the forums, to be held December Sep 11 at the Signia Hotel, will have fun its 10th anniversary with three days of engagement discussions, observations and forward-looking presentations.
Under the theme “The Future,” Hope Bryant says attendees are looking forward to a “powerful moment in history.”
“Over the past decade, we’ve brought together great minds with daring ideas, servant leaders with voices for change, and other people committed to a brand new vision of the world as we realize it. “‘The Future’ is a clear call to action for leaders to help ensure prosperity in every corner of society,” he said.
The extensive program includes influential and well-known speakers who address business, philanthropy, government and civil society. Confirmed speakers include White House correspondent Francesca Chambers, media specialist Van Jones and BET Media Group president and CEO Scott M. Mills.
“John Hope Bryant and his team have been doing this for ten years, and every year HGF raises the bar,” Young said. “Discussions about the FUTURE are important not only for civil dialogue; they are also essential to bridging the economic divide and solving some of today’s most important problems.”
Atlanta is predicted to welcome greater than 5,200 delegates representing greater than 40 countries.
“I have long said that Atlanta is a group project, and through our partnership with HOPE Global Forums, we are inviting the world to join the conversation,” Dickens mentioned. “From home ownership and entrepreneurship to youth engagement and financial education, HGF will offer bold and innovative ideas to ensure a bright future for all.”
It coincided with the organization’s annual meeting launched one other path to enhance financial knowledge with HOPE scholarships. With three tiers of scholarships – HOPE Lite, HOPE Classic and HOPE Silver – clients could have access to free financial coaching and academic resources.
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