Ep. 12 Bridging the Wealth Gap: Insights from Ray’Chel Wilson
Welcome to another inspiring episode of DO GOOD X. It’s our privilege to host Ray'Chel Wilson, founder of Raise the Bar Investments and ForOurLastNames, a technology company that transforms the way financial professionals do lead generation & how wealth builders heal financial trauma. Ray’Chel’s workbooks and personalized curriculum have helped minorities bridge the wealth gap, making her a pivotal figure in economic education. Listeners will gain valuable tips from Ray'Chel on raising capital and will learn about accessible resources funded by tax dollars. She will also reflect on the most significant advice she has received, her faith’s crucial role in her journey, and the guiding principles behind her work.
In the Mystery Segment, Kimberly and Stephen will delve into the mindset necessary for positioning oneself for financial success, providing a thought-provoking conclusion to this enriching episode. Take advantage of this opportunity to learn from one of the leading voices in economic empowerment and education.
In This Episode
- [1:44] Kimberly introduces award-winning educator and author Ray’Chel Wilson
- [4:28] Ray’Chel explains her passion regarding the racial wealth gap in the U.S economy and how she recognized different types of funding that could apply to various projects
- [8:33] Ray’Chel explains the term “financial trauma” and how the ForOurLastNames app will connect individuals with the proper non-predatory professionals, and she encourages new entrepreneurs to do a SWOT (Strengths, Weaknesses, Opportunities and Threats) Analysis
- [12:37] Ray’Chel gives two tips regarding raising capital, and she discusses starting a tech business, given she does not have a technical background
- [17:16] Ray’Chel outlines factors that helped with her productivity; she mentions resources that tax dollars pay for and also books she has authored and where they can be purchased
- [24:21] Ray’Chel discusses the most significant advice she has received, the role her faith has played in her story, and what guides her work
- [31:49] In the Mystery Segment, Kimberly and Stephen explore the question of what mindset one needs to position themselves for success
Key Takeaways
- McKinsey and Company found that 60 percent of Black men and women have no assets, and the racial wealth gap cost is upwards of 2.1 trillion dollars when we're thinking about stocks or real estate
- Having a tech background isn’t necessary to develop a tech company. It requires a deep understanding of the problem and the ability to recruit experts in the tech field to assist you
- Ray’Chel believes in having a business meeting with God. She points out that Jesus is her favorite social justice warrior
Guests
Ray'Chel Wilson
a changemaker closing the gender & racial wealth gaps, is based in Tulsa, Oklahoma's Black Wall Street. As a Teach for America alumna, the challenges faced by Ray'Chel's scholars inspired her to become a 2x founder - CEO of "Raise the Bar Investments" and of the upcoming "ForOurLastNames" app. Ray’Chel’s education workbooks, personalized curriculum, and keynote speaking have reached seven countries. After paying off her student loans with her investment profits - over 300% gains in under two years, y’all - Ray'Chel Wilson dedicated her life to teaching financial literacy & value-based investing. Currently, Ray’Chel serves as Treasurer of the United Nations Association of Eastern Oklahoma, highlighting her cross-national approach to empowering better “money moves.” With an Investment Management specialization from the University of Geneva, a Bachelor of Science in Public Health from Ohio State University, and a Certified Financial Education Instructor, Ray'Chel brings a wealth of knowledge and expertise to her students and future ForOurLastNames app users. Ray’Chel’s purpose is to empower those marginalized by race, gender, or socioeconomic status to build wealth. Why? For our last names.
ForOurLastNames a technology company that transforms the way financial professionals do lead generation & how wealth builders heal financial trauma.
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