Description

Ep 19 - It takes more than one person to break generations of racial barriers. We all have to work together to empower our people and bring economic and social transformation. Thomas Lopez-Pierre joins us again today to talk about how we can take action to create collective change. Supporting black businesses and black banks is key to a thriving community. He also believes that we need to learn from other groups who overcame their own struggles and have the knowledge and resources to help us close the wealth gap.  Listen in for another packed episode with Thomas!   ________________________________ FREE Discovery call for The Microfamily Investing Accelerator  https://calendly.com/noirvest/microfamilymavericks  ________________________________   [00:01 - 17:00] Coming Together To Build Black Wealth 

• Check out part 1 of the interview with Thomas!

• How to grow the business and community through strong partnerships
• The education versus capitalist society
• Learning from other groups and leveraging capitalism
• Black people need to be smarter in their investments

  [17:01 - 24:09] Closing Segment 

• The final 2 questions
• • Thomas on diversification: Believing in diversity and not putting all the money in one developer
• Connect with Thomas!

Key Quotes    “If you're going to live the Gucci lifestyle, the bling-bling lifestyle, do it off passive income, don't do it off earned income.” - Thomas Lopez-Pierre
“I hate to break it to you:  Your home, it's not an investment. Your home is an expense. You have to pay a mortgage for that and if you stop paying the mortgage, you get foreclosed. An investment is when you have tenants paying you rent, and if they stop paying you rent, you will evict them. That's an investment of black people, food for thought.”- Thomas Lopez-Pierre
“Invest in things that produce cash flow, not things that make you feel like a bourgeois, you know, feeling important because you will achieve some social status.”- Thomas Lopez-Pierre

Resource Mentioned:

• The Color of Money by ​​Mehrsa Baradaran

    Connect with Thomas Lopez-Pierre through his website and follow him on his socials at Facebook and Twitter.


Let’s get connected!  You can find Nicole on LinkedIn, Instagram, or Facebook. Visit her website https://noirvestholdings.com    LEAVE A REVIEW & SHARE THE WEALTH by SHARING this EPISODE with someone who wants to learn the secret strategies of the wealthy and build an abundant life. You can listen to previous episodes of Share the Wealth Show here.