A presentation that represent us

1. Equitable
Wealth
Initiative
A FINANCIAL ACTION
WORKING AFRICAN
AMERICAN WOMEN

2. Equitable
Wealth
Initiative
Did you know that the
biggest determinants of
household wealth are,
owning a home and having
a retirement account?

3. Problem
Yet for many
working African
American women,
the way to wealth
has been elusive.
Why?

4. 3 Critical Disadvantages
FINANCIAL LITERACY
There is a strong link between
financial literacy and financial
wellness among African-
Americans. Those who are
more financially literate are
more likely to plan and save
for retirement, to have non-
retirement savings and to
better manage their debt; they
are also less likely to be
financially fragile.
TIAA Institute-GFLEC Personal
F Finance Index (P-Fin Index)
HOME LOAN
DISCRIMINATION
Black applicants are rejected by
mortgage and mortgage
refinancing lenders at much
higher rates than Whites.
62% were rejected because of
their debt-to-income ratio
Racial Disparities in Home Ownership
Report by the National Association of REALTORS®
Wage Disparity
African American women make
just 62 cents for every dollar paid
to white, non – Hispanic men. A
loss of thirty-eight cents on the
dollar. This adds up over a
month, a year, and a lifetime.
Working African American
women stand to lose $1,962 each
month, $23,540 a year, and a
staggering $941,600 over the
course of a 40-year career.
National Women’s Law Center

5. Our Mission
is to provide a dedicated path for working
African American women to build wealth
through homeownership and a better
understanding and practice of basic financial
principles.

6. We do this in
3 key-ways.
• Financial Wellness
• Wealth Building
Capacity
• Generational Wealth

7. Financial
Wellness
• Effectively managing your day-to-day and month-
to-month finances
• Being financially prepared to handle a financial
blindside.
• Being on pace to meet short- and long-term goals.
• Having the financial freedom to make the choices
that allow you to enjoy life.

8. Wealth
Building
Capacity
Equitable Wealth Initiative provides our program participants
an opportunity to improve their wealth building capacity
through our:
• Financial literacy program that includes audio/visual
presentations of basic financial principles practices and
behavioral economics information.
• Simple budget and money management system that can
help the participants with day to day and month to month
money management.
• Home Purchase Program. A faster, less expensive path to
homeownership. So the money saved can be contributed to
a retirement account.

9. Generational Wealth
People who inherit
generational wealth have
a significant financial
advantage over those
who do not. Therefore,
we will help our
participants
• Understand the basics of
generational wealth.
• Help them access
fiduciary guidance to
begin developing a
generational wealth
building strategy.

10. Our
Partners • Lead of River Region Realty Group LLC.
• Hamilton Group Realty.
• Downtown Realty.

11. Funding Model
Goal: Purchase and sell 100
homes in a 5-year period.
100 Donations of $15,000 per
year.
Programs funded: Financial
Literacy, Sling Home Purchasing
Agreement.
Purchase
Sell
Save
&
Invest
Funds will purchase a home outright. If
the home needs minimal cosmetic
upgrades, then we will make an offer
that reflects the expense of the
upgrades.
Our real estates partners
will then facilitate the sale
of the home to our program
participants through our
non-amortized Sling Home
Purchase Agreement at the
original purchase price plus
7.5% and a $1500 fee.
Our financial advisor partners will help our program
participants invest the money they save in a retirement
account.

12. "We cannot build our own future
without helping others to build
theirs.”
WilliamJefferson Clinton