Ep. 92 Ray’Chel Wilson on Closing The Wealth Gap Through Financial Literacy
2/17/26
Wealth gap solutions take center stage as Ray'Chel Wilson, founder of For Our Last Names, shares her journey from educator to FinTech entrepreneur in this episode of DO GOOD X. Wilson addresses the staggering reality that 60% of minorities have no assets. In contrast, the racial wealth gap costs the U.S. economy $2.1 trillion. Wilson explores financial literacy, healing from financial trauma, and accessing capital-raising resources for underrepresented founders. She offers practical tips on entrepreneurship, finding the right funding, and leveraging government resources. Learn how wealth building requires both individual and institutional solutions as she discusses her Black Wealth Freedom Series books and the power of education around financial literacy and generational wealth.
In This Episode
- 00:00 Wealth gap solutions and Ray'Chel Wilson's mission to close the racial wealth gap
- 02:53 Data reveals 60% of minorities lack assets and the $2.1 trillion cost of the wealth gap
- 04:27 Finding your voice as a black woman entrepreneur and matching business funding to your needs
- 06:12 Healing financial trauma and connecting individuals to ethical financial professionals
- 07:21 Capital raising tips for entrepreneurs, including mirror practice and resilience strategies
- 11:26 Resources for solo tech founders through SBA, nonprofits, and your job as first investor
Key Takeaways
- The wealth gap requires dual solutions: healing financial trauma through education while connecting people to non-predatory financial professionals for real estate, investing, and sustainable wealth building throughout their wealth journey.
- Capital raising success demands intentional practice with feedback, resilience through rejection, and celebrating wins within your means without overspending, which supports core financial literacy principles for long-term success.
- Non-technical entrepreneurs can build successful FinTech companies by deeply understanding the problem, maintaining passion, and recruiting skilled partners who share your mission to close the gender wealth gap and serve underserved communities.
About The Hosts
Kimberly R. Daniel
Kimberly R. Daniel catalyzes entrepreneurs and organizations to do good. She is co-founder and project director of DO GOOD X, a community that provides programs and support for faith-driven social entrepreneurs whose businesses focus on positive Change.
Kimberly also helps purpose-driven organizations clarify and design compelling brand and communication strategies. With over 15 years of experience developing and leading communications efforts, she is committed to producing effective processes and creating authentic, “sticky” brands that are community-centered.
In addition, Kimberly has nearly ten years of experience as a certified life coach. She has facilitated workshops, spoken to communities, and written about innovation and entrepreneurship centered on social impact. She co-authored A Way Out of No Way: An Approach to Christian Innovation (2021).
She is deeply passionate about purpose, meaning, and the common good in any aspect of her work.
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Stephen Lewis
Stephen Lewis is the president of the Forum for Theological Exploration (FTE) and creator and co-founder of DO GOOD X. This community provides programs and support for faith-driven social entrepreneurs whose businesses focus on positive change.
He is an organizational change strategist and a leadership development specialist focused on inspiring the next generation of faith-inspired leaders and entrepreneurs to live and work purposefully. Stephen co-authors Another Way: Living and Leading Change on Purpose (2020) and A Way Out of No Way: An Approach to Christian Innovation (2021).
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