Worth Listening | Meaningful Money Memoirs Of Millennials And Professional Athletes

This is the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny. In this episode of the series, Lauryn and Chloé talk about the first generation wealth builders tax, sometimes referred to as the “black tax”. When you’re the first person to achieve financial stability and build wealth within your circle of family and friends, there’s a good chance there are people in your life that will want financial help from you.  Statistics show the racial wealth gap already makes it harder for POC to achieve financial success which means supporting friends and family only adds to the problem. This is where the term “black tax” comes from. However, the lessons shared by Lauryn and Chloe can help any first-generation wealth builder. In thi