The Adverse Effect
Everyday adversities, trending injustices, and overlooked heroes/sheroes. Get inspired, face your truth, and find the tools to overcome the everyday obstacles in your way.
Ep.25 - The Power And Importance Of Financial Literacy In The Minority Community with Terrance Wyatt
The Conversation: In this episode, personal finance instructor/serial entrepreneur/investor Terrance Wyatt talks about financial literacy, but not in the way you would expect. Their conversation delved into investing, real estate, and cryptocurrency.
Insights: Here’s what Terrance shared:
- The importance of financial literacy
- Why mindset is key to financial mastery
- The one financial strategy that 90% of rich people use to grow & stay wealthy
- How to get started with financial literacy in just 10 or 15 minutes a day
- Why it’s so important to learn about investing for your life
Memorable Quote: “Your life depends on learning about investments.”
The Homework: Take some time today to do these three simple things:
- Spend the next 24 hours tracking the money you spend. (Be sure to note what businesses you spend your money with.).
- Find the stock price of each of those businesses you spent money with. (For example, if you went to Burger King or Starbucks, look up their stock price and write it down.)
- Imagine that you had $1,000 to invest in the companies in your list. Circle which ones you would invest in. Put them in a virtual stock trading site (Look in links below) and see how they perform after a week.
About Our Guest:
Terrance Wyatt, MBA is an instructor, finance expert, and cryptocurrency investor who was able to leave the corporate world at 32 because of smart investments. He is the founder of several businesses including No Bull Investing, Inc and the founder of Southeast Young Professionals, Inc., and the organizer of “African American & Minority Cryptocurrency Association, a Meetup in Atlanta. His mission is to help “the average Joe or Jane” leverage free and low-cost tools to master advanced financial topics and gain financial mastery.
Links
No Bull Investing: Investing 101 For Financial Freedom
Next Level Investing For Financial Freedom: An Introduction to Alternative Investments
Additional Info
“Guns and Butter” quote (Note: Strong language used)
The Top Four Amazon Shareholders
90% of the World’s Millionaires do this to Create Wealth (CollegeInvestor.com)
Check out kennethcheadle.com for more information, podcast episodes and blog posts!
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➡️ The Adverse Effect Podcast with Ken Cheadle is proudly produced by Podcast Wagon
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