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CODE M Magazine 2022 October Issue

Page 30

There has never been a more important time for Blacks to plan for their financial future. The Black Wealth Summit is here to help do just that.

O

ne doesn’t automatically associate wealth with Black communities, as American history will attest to. But that’s about to change as Cedric Nash, founder of the Black Wealth Summit, launches its first inperson convocation on October 27 – 29 in College Park, Maryland. Held at “The Hotel” at the University of Maryland, the focus of the summit is “Promoting the Prosperity of Black People.” The Summit “is a conference unapologetically committed to educating, inspiring, and exposing African Americans to wealth-building tools, techniques, and resources,” Cedric explained. “We have learning tracks designed for three Cover and inside photos taken by Sylven Lamar. different levels: beginners, intermediate, and advanced in-

30 OCTOBER 2022 / CODE M

Written by DAVID CHRISTEL David has been ghostwriting books for well-known people since 1995. He is also the author of Married Men Coming Out: The Ultimate Guide to Becoming the Man You Were Born to Be.

BLACK WEALTH SUMMIT

FINANCE

vestors. We’re bringing Black Wealth advisors from the top financial services firms and health advisors from top health care organizations. The entire objective is to educate and help African Americans make better decisions about what they do financially, to take ownership of their financial welfare.” Cedric explained that African Americans, since slavery, have been systemically suppressed and denied resources that would enable them to more readily achieve long-term financial stability and wealth. From his perspective, it all comes down to education. He makes the distinction that “financial literacy” just makes you information knowledgeable. More important is “wealth literacy” because it teaches you how to build sustainable and generational wealth. One important facet of what Cedric is putting forth is the un-


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