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The Voice of the Black Community

Life and Religion

Generational wealth building series debuts
100 Black Women initiative launches
 
Published Tuesday, April 6, 2021
by Ashley Mahoney

PHOTO | UNSPLASH
The National Coalition of 100 Black Women Queen City Metropolitan Chapter is launching a generational wealth building initiative this month.

The National Coalition of 100 Black Women Queen City Metropolitan Chapter wants to empower Charlotte to build generational wealth.

NCBW-QCMC is launching the inaugural Sister-Nomic$: From Basic to Business series today, in time for national financial literacy month. The advocacy organization serves Black women and girls, focusing on economic empowerment, health, education and public policy. The program offers a five-part virtual series through April 29 as well as five sessions for young adults from April 10-May 20. Both sessions culminate in a business pitch competition.


“Our overall vision for the Sister-Nomic$ series really for our entrepreneurs is really to be able to create generational wealth for Black families in the Charlotte community,” NCBW-QCMC President Latoya Pearson said. “If we are able to do that for one family, it will be a huge success for our organization. For the youth segment, it is really about introducing youth to the idea of money, how to manage it and how it can truly impact their adult lives for years to come.”


Adult session participants will learn how to master basic personal and business finances. They will hear from guest speakers, receive homework assignments and a certificate of completion at the graduation ceremony. Participants will also have an opportunity to win prizes and up to $250. Sessions run from 6-8 p.m.:

• April 6 Time to get your money right


• April 15 Countdown to financial freedom


• April 22 Girls just want to have funds


• April 27 I will survive & thrive and


• April 29 Graduation & pitch presentation in front of investors and Black business owners.


“They are going to have a chance each session to learn more and more about not only finances and money, but how to build up for this pitch competition at the end,” Pearson said.
The youth edition will follow a similar path, addressing the basics of managing personal and business budgets, as well as how to pursue entrepreneurial interests. Participants who attend all of the sessions will receive a certificate of completion. Each session will include raffle prizes.


The first three sessions will take place from 11 a.m.-1 p.m. The final two sessions start at 6 p.m. The schedule:


• April 10 Get ya dollas up


• April 24 The game changer


• May 1 Bout my business


• May 6 No cap: surviving the grind and graduation ceremony and


• May 20 pitch competition.


“We have all been there and wished as high school students that someone would have down with us [to discuss money] or that there was a class on finances and how to manage money in general,” Pearson said.


The series does more than give them the tools to manage finances. It highlights the path for potential business development at a young age.
“A lot of times we see entrepreneurs have many trials and tribulations—ups and downs, because they are out there learning,” Pearson said. “We wanted to introduce the youth to basic personal finances, balances a checkbook, what does credit really mean and how does it impact your life, but also, how do you become a young entrepreneur? How do you come out of this and truly build a business on your own, without all of the trials and mistakes that some adult entrepreneurs went through just because they did not have that information.”

To register:
www.ncbw-qcmc.org

 

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