Ep. #143: Reducing Poverty by Building Asset Ownership
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“Pay Yourself First”
More information can be found at www.socialchangeleaders.net
What happens when individuals and families are supported in building asset ownership? What practices might have the biggest impact and normalize wealth building? Can saving for a sunny day help reduce poverty and build generational wealth? This is what we discussed today with Wacinque A.K. BeMende, the founder of KaizenRhino. We talk about his experience and passion for everyone understanding personal finance as well as how we can address issues of poverty by creating an investment class. Through our conversation with Wacinque you will:
Listen to Wacinque discuss how an early teacher taught him the power of compounding interest
Learn how former US enslaved troops in Nashville had a bank in 1864 that helped black troops save money for the future; a story that inspired Wacinque
Hear about Wacinque’s background working in the finance industry and what he learned about the value of an income producing account
Understand a few foundational wealth building ideas that everyone benefits from including owning an income producing account for supplemental income
Hear Wacinque share his ideas about how to help normalize wealth building with dividend stocks in order to produce supplemental income
Learn how consumers can buy stock in products they use regularly that pay dividends and help build wealth
Discover how using the philosophy of ‘Build Right, Build Over Time’ could shift and undo generations of poverty
Hear Wecinque explain how experience is more important than knowledge and the importance of saving for a ‘sunny’ day
More about WACINQUE -
Wacinque A.K. BeMende the Founder of KaizenRhino. Wacinque served 40 years in the military and volunteered with programs serving unbanked and low income families with tax preparation, financial coaching and debt reduction. He has extensive knowledge and has been an adjunct instructor in personal finance. His entrepreneurial passion that led him to design the Global Permanent Investment Account. We are talking with Wacinque about his passion for everyone understanding personal finance and how we can address issues of poverty by creating an investment class.
Asset Ownership Standard Petition http://chng.it/KQczCdfyP
Email: wacinque@krsi-19.com
Book: Triumph of the Optimists link HERE