EP203 Financial Impacts of Anti-Black Racism in Canada with Jackie Porter
Jackie Porter is an awarding-winning certified financial planner, best-selling author, and featured speaker who has helped thousands of clients grow their net worth, build a fortress around their finances, and keep more of their cash in their pockets. In this episode, Jackie joins the show to talk about Anti-Black racism in Canada and its adverse economic and social effects on Black Canadians.
Listen in as Jackie explains her experience growing up without knowing about the value of money, as well as the moment that changed her life in regards to this. You will learn what financial racism is, why access to financial education is not equal, and what actions we can take to eliminate Anti-Black racism in our country moving forward.
“Racism is real, and people need to understand that.” – Jackie Porter
This Week on Young Money:
- Jackie’s experience growing up without knowing about the value of money.
- What redlining is and why the impacts are still being felt despite it being illegal.
- Why it is harder for Black Canadians to build wealth through homeownership.
- The barriers Black Canadians experience in financial education.
- How we can increase financial literacy as a whole.
- Why it is not just about being empathetic, but rather how you can take action.
Key takeaways:
- Do your research.
- Have a business-first mindset.
- Make a plan.
- Find and utilize resources.
Connect with Jackie Porter:
Resources Mentioned:
- EP006 What are Your Intentions … Financially Speaking with Jackie Porter?
- EP069 How to be Financially Resilient with Jackie Porter
- BCG report
- Black Opportunity Fund website
- Black North Initiative
- Redlining in Canada
- Impact of Anti-Black Racism in Canada
- BDC Black Entrepreneur – Building Black Businesses
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