An Insight Center for Community Economic Development study recently revealed Black women have an approximate net worth of merely $5.
In an effort to reverse this trend, personal finance expert Shani St. Vil is presenting the Me, Mommy and Our Money platform to help mothers and daughters create multi-generational wealth. St. Vil is the founder and owner of Purse Empowerment.
“There are too many media portrayals that celebrate women when they are spending money,” declared St. Vil, author of 10 Things Every Woman Should Keep in Her Purse. “This forum is aimed at helping women boost their credit scores, increase financial literacy, and pass wealth to the next generation.”
Several studies affirm women will outlive their male counterparts. Purse Empowerment partnered with legal and financial professionals to prompt mother daughter pairs to have the “money conversation that every mother should have with their daughter.” Topics include estate plan creation, boosting credit scores, and most importantly engaging in dialogue with your daughter about how to share, save and invest money. Panelists include: Danie Altidor, Relationship Coach, Black Orchid Group; Elise Rodriguez, Esq.; Nicole Vasiciana, Registered Nurse, Village Maternity Services; Tiffany Thorne, Investment Banker, Primerica Financial Services; and Sheila Martin, Credit Counselor, ROI Credit Services.
“This panel is taking a holistic approach toward promoting awareness and helping women take control of their financial lives,” St. Vil said.
The panel Me, Mommy & Our Money is slated to run at Inner Look, 4925 S.W. 74th Court, Miami, FL 33155, from 4 p.m. to 7 p.m. on Saturday, May 31. For more information, visit www.PurseEmpowerment.com.
Zach Rinkins is the Associated Press award-winning host/producer of the Rinkins Report. Find out more at www.RinkinsReport.com or on Twitter @RinkinsReport