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
New Orleans’ black business district is marked by history
New Orleans has given a historic monument to a Black business district closed for interstate construction.
The marker was a project fulfilled by in response to the initiative of Plessy and Ferguson. Founded by descendants of men involved within the Plessy v. Ferguson case that legalized segregation within the United States, the organization worked with other community groups to put a marker under the Claiborne Viaduct.
Before the upheaval, Black New Orleanians could find stores owned by other members of their community on Claiborne Avenue. Racial discrimination originally limited the power to buy on the famous Canal Street. Given this, blacks as an alternative flocked to the realm to purchase every little thing from groceries to funeral arrangements.
This mall was home to many Black-owned businesses, and emerging and established entrepreneurs had arrange shop for generations. Consisting of pharmacies, theaters, studios and more, it helped maintain a vibrant black culture in the realm. It reigned because the most important street of Black New Orleans from the 1830s to the Seventies.
The street once featured a picturesque cover of oak trees surrounding bustling businesses. However, its decline began with the expansion of roads within the southern state. The first casualty was the oak trees that were cut all the way down to make way for the development of Interstate 10, and shortly thereafter, the district’s thriving entrepreneurs suffered an identical fate.
Many residents do not forget that they didn’t know in regards to the upcoming investment until the trees began falling. Raynard Sanders, a historian and executive director of the Claiborne Avenue History Project, remembered the “devastation” felt by the community.
“It was devastation for those of us who were here,” Sanders told the news outlet. “I was walking to school and they were cutting down oak trees. We had no warning.”
Despite its eventual decline, the district stays an integral a part of Black New Orleans entrepreneurship. Now the town will physically resemble a historic center where Black business owners could thrive. They celebrated the revealing of the statue in true New Orleans style with a second line that danced down Claiborne Avenue.
“The significance of this sign is to commemorate the businesses, beautiful trees and beautiful people that thrived in this area before the bridge was built, and to save the people who still stand proud and gather under the bridge,” also said Keith Plessy, a descendant of Homer Plessy’ ego.
The growth of local black businesses continues. Patrons and owners alike hope to evoke the spirit of Claiborne’s original entrepreneurs, empowering the community.
Business and Finance
Flau’jae Johnson joins an unrivaled basketball league with NIL deal
Louisiana State University women’s basketball player Flau’jae Johnson recently announced that she is an ambassador for the upcoming women’s skilled basketball league, Unrivaled.
After signing a NIL (name, image and likeness) agreement with the emerging sports league, Johnson is the second college athlete to sign with Unrivaled. In August, the league signed Paige Bueckers, who plays for the University of Connecticut (UConn). Johnson joins former teammate Angel Reese, who signed with the league earlier this 12 months. The college junior posted about joining the league on her social media platform.
“The future is second to none. I’m excited to join the Unrivaled team as an NIL Ambassador 👑💜4️⃣.”
Johnson’s deal with NIL features a stake in Unrivaled, providing potentially greater financial success beyond her athletic prowess.
She talked to her concerning the deal means for her and her future.
“I think the most important thing is equity, just being able to invest in something like this,” Johnson said. “And for me, the opportunity to leverage my brand and create business opportunities. This is what the NIL space is all about. When you’re at NIL, you literally have a short window where everyone wants you to be a part of (something), so really leverage it into something that’s going to last for a long time. This will be in my business portfolio and allow me to raise capital in the future, it’s a really big deal.”
Unrivaled is a brand new women’s basketball league founded by Minnesota Lynx forward Napheesa Collier and New York Freedom forward Breanna Stewart last 12 months in July. The league is scheduled to begin on January 17, 2025. It is a 3-on-3 format that already pays players higher salaries than the WNBA. The ladies founded the league to permit players to earn money within the off-season by playing basketball without having to travel abroad to accomplish that.
“In leagues like this, women don’t have to go overseas anymore,” Johnson said. “Now they may stay home, play in Miami where the sky is gorgeous and collect their paycheck. I feel it is very vital what they do – they really change the sport. Being someone who can be within the WNBA soon and having an alternative choice is big.
Business and Finance
Black business leaders return to New York for ReSURGEnce 2024
Business leaders, clergy, government officials and aspiring entrepreneurs gathered in New York City last month for a “big slice of the economic pie” at ReSURGEnce 2024, a transformative event designed to shine a highlight on black business in America and all over the world. world.
Over the course of three days, participants were equipped with resources to grow to be successful entrepreneurs of their communities and immersed themselves in conversations focused on closing the Black wealth gap and growing Black businesses. The November ReSURGEnce conference featured panels, keynotes and breakout sessions led by black business pioneers from New York to Africa, according to a press release.
“The reSURGEnce conference will equip attendees with the tools they need to participate in a rapidly changing economy,” said the Rev. Dennis Dillon, lead organizer of the ReSURGEnce conference. The event was designed to provide emerging entrepreneurs with networking opportunities and methods to access funding to scale their businesses, do business with government agencies and corporations, construct wealth through real estate and homeownership, and more. Additionally, guests were educated on how to run a business within the renewable energy and green economy sectors.
Dillon, the book’s publisher, said that as recent technological advancements emerge and the world evolves right into a recent wave of economic globalization, the Black community continues to be left behind. Ahead of the conference, The New York Christian Times published its “2024 State of the Black World Economic Report,” which revealed how far behind Black Americans remain in every area of the economy compared to their white counterparts. A report written by Dillon found that although blacks make up over 19% of New York’s population, only 9% constitute the purchasing power within the state. Dillon hopes conference attendees will use the resources and education to grow their businesses and further educate their communities in order that Black people all over the world can “reap the benefits of economic globalization just like their counterparts do.”
ReSURGEnce 2024 also celebrated the Black Church and discussed strategies to empower communities all over the world. The official website of the initiative states that the event is a chance for leaders and entrepreneurs discuss ways to strengthen the economic health of the Black communitycreate jobs and permanently close the racial wealth gap.
This yr’s conference, which featured the Durban Global Roundtable and Investment Forum, returned to Queens, New York from November 22-24.
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