Aug 25, 2020
Building good money habits is key in improving your personal finances. But what if you don’t have access to the same resources as everyone else? What if you can’t get a mortgage to buy a home? Or you make less than your colleagues at work despite having the same qualifications? No doubt, institutional racism impacts the ability for Black Americans and other minority populations to build wealth and pass it on to the next generation.
Michelle Jackson is the serial entrepreneur and business coach behind Michelle is Money Hungry, a platform that helps passion-driven entrepreneurs make money online and educates older millennial and GenX women on personal finance. Michelle is also the founder of the Money on the Mountain retreat for financially single women and the host of the Michelle is Money Hungry Podcast. Her work has appeared in Business Insider, PBS NewsHour and CNBC, among many other media outlets.
On this episode of Queer Money, Michelle joins us to explore racism and personal finance, making the distinction between building good money habits and having access to the tools and systems for building wealth. She offers insight on dealing with systemic racism, explaining how discriminatory practices like redlining have affected people of color and sharing her experience as a Black woman in corporate America. Listen in for Michelle’s insight on how the values of our country are reflected in its budget and learn what you can do to be an ally for BIPOC and help put an end to systemic racism.