Inflation Hits 40-Year HIGH, Twitter Sues Elon Musk, Black Banks ONLY 2% and Financial Literacy Ep 113

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EPISODE OVERVIEW 

In today's show we cover top news, the importance of financial literacy and how you can take the first steps! 

NEWS

• Inflation rose 9.1% in June, even more than expected, as consumer pressures intensify.
• Twitter Sues Elon Musk
• BLACK BANKS LARGELY TRAIL ASIAN AND HISPANIC BANKS IN NUMBER AND ASSETS

TOPIC OF TODAY:

1. What is Financial Literacy?

2. Why is it important?

3. Information + Financial Education = Knowledge

CHOP SESSION:

1. I am not a numbers person and/or bad at math, can I learn this?

2. I am comfortable where I am right now financially, do I need to learn this?

3. I do not have much money as it is, why do I need this?

ACTION STEP: 

Think about one money problem that you have. Write down alternative ways you can solve that problem other than using your next paycheck. The goal is to start the process of unlocking financial possibilities. (Think about using trading/bartering, recycled goods, sweat equity, imagination, leverage, and networking.) 

 Let's break it down! 

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ABOUT US

Literacy Kings breaks down popular financial books in a culturally relevant way for people of color who have been marginalized. Our podcast is a mix of education, entertainment, business, investing, and the break down of important finance trends. Host Corey Paul (Rapper and Entrepreneur) and JaMorcus Trayham, MBA (Investor and Teacher) grew up in a neighborhood with a 30% drop out rate and didn’t start reading books until we were adults. Our lives changed! If you're trying to learn more about money, building generational wealth, entrepreneurship, business, or investing, plug in!

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Music Production: Rafael "Box” Hernandez https://www.beatstars.com/boxoflegacy 

DISCLAIMER: Description may contain affiliate links, which means that if you click on one of the product links, we’ll receive a small commission. This helps support the podcast and allows us to continue making content like this. Also, none of the information mentioned is financial advice, we are only sharing our research, experience, and beliefs. Love! 

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