Case Study: Swimming Upstream Against Unemployment, Exhaustion, and $2,750 a Month in Unproductive Spending

Hi, it’s me: your Good With Money Friend. Here to discuss your financial goals.

If an old acquaintance reaches out and asks if I’d like to grab drinks, I know it’s not because they miss my sparkling personality. It’s because they just cracked open their investment statements for the first time in five years and they need to talk to someone who actually understands whut dafuq it says. It’s okay! I don’t take it personally.

The Good With Money Friend is a very valuable part of any friend ecosystem. A squad without one is like a Pokemon team without a dragon type: our rarity and fussy movesets make us only situationally useful, but there’s no getting through the Elite Four without at least one of us.

Obviously Piggy shares my genus and species. We started this blog so that we could save time by sending people a link instead of tapping it all out with our thumbs in a text!

Now, we ain’t professionals. (CFPs are lawful good. We’re chaotic good; we tell you which parts of your taxes you can cheat on. Key distinction!) But if your budget for financial advice is “here, take this six pack,” then BABY, we’re here for you! Talking to a Good With Money Friend can give you the gut-check you need when you can’t afford professional advice, or need insights from someone who knows you better than a paid professional you just met.

This week I Zoomed with two of my closest friends. We talked through their goals and identified a strategy for getting there. With their permission, I’m going to open up that process so you can see how I arrived at my conclusions. 

One of our key missions at BGR is to create more Good With Money Friends, especially in historically underserved communities. So open your mind like a flower in the morning and absorb our baseless opinions! One day you, too, will be rich in grateful friends, a more stable immediate community, and/or six packs!

YOU DID THE FINANCIAL GOALS CHEERS M8
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10 Rad Black Money Experts To Follow Right the Hell Now

Have you ever gotten the impression that the world of finance, economics, and money media is dominated by, shall we say, “one particular kind of voice, speaking to one particular kind of experience?”

Ope, pardon me, just gonna go ahead and slide this in…

Yeah. That.

If you’re longing for other perspectives, we got you, baby! This week we want to share our little pink space with just a few of the rad black money experts of the personal finance mediasphere.

Here are ten of our favorite—and soon to be your favorite—black money experts. GO READ THEIR STUFF. We’ll call out a few of our favorite articles and episodes to get you started!

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The Biggest Threat to Black Wealth Is White Racist Terrorism

You know what I love? The American Dream.

Maybe that’s a surprising thing to hear me say, as I so often use this blog as a platform to criticize our current system and express deep cynicism about many aspects of American life. But nah, man! I adore that shit. Devoid of the context of its shortcomings, stripped of its more recent associations with a generic sort of upward mobility, in its pure and original form, the American Dream is actually one of my very favorite things.

James Truslow Adams coined the phrase “the American Dream” in his book The Epic of America. He describes it as…

“… That dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement. It is not a dream of motor cars and high wages merely, but a dream of social order in which each man and each woman shall be able to attain to the fullest stature of which they are innately capable, and be recognized by others for what they are, regardless of the fortuitous circumstances of birth or position.”

– James Truslow Adams, The Epic of America

Freedom, liberty, independence, opportunity—that hopey changey stuff. I believe all the star-spangled buzzwords so often used to describe the national character of the United States are attempts to capture the light reflected by the glittering facets of this idea: that America is a place where everyone can rise to become their best selves, and that those best selves have equal value despite their differing contributions.

The American Dream… in practice

Like I said, I love and treasure this idea. And it’s because of that love that I taste such bitter disappointment in its failure. Nothing stings like seeing something fail when you really, truly believe in its inherent goodness. In the famous words of Tyra Banks: “I have never in my life yelled at [an idea] like this. When my mother yells like this, it’s because she loves me. I was rooting for you. We were all rooting for you. How dare you?!

… Yeah. That’s how I feel about the American Dream in practice.

It’d take a galling amount of ignorance to fail to see the major cultural, political, and socioeconomic realities that make the American Dream more attainable for some than others. In this context, you can talk about the struggles of any number of marginalized groups—women, people with disabilities, queer folks, immigrants, minorities, and “out groups” of all kinds. But today we’re talking about race.

There are many systemic, structural, and institutional impediments to black excellence. Today we’re looking at an itty bitty pie slice of history that serves as an example of how white people have used racist terrorism to destroy black wealth. You know—a lighthearted topic, best served at lunch, with tea and cucumber sandwiches!

A history lesson

We’re going to talk about the Tulsa Massacre of 1921. For the sake of readers who may be sensitive to this topic, let me clarify that our focus today is specifically on the economic impacts of violence. That necessitates acknowledging the existence of slavery, segregation, lynching, false sexual assault allegations, racist terrorism, and other upsetting topics. But I see absolutely no reason to repeat racist language or include detailed descriptions of physical violence to meet that goal. Gonna go ahead and miss y’all with that.

Also, we’re gonna keep this history lesson fast and shallow, because I ain’t any kinda damn historian! (Plus if I send Piggy another 5,000 word article for editing, she will divorce me.) We’re going to leave a lot of interesting stuff out, and sum up historical context with our signature house laziness. Slake any remaining thirst on the additional reading links provided at the end!

(You may have heard in the news that Donald Trump selected Tulsa, Oklahoma as the site of his first campaign rally of 2020—on Juneteenth no less! If you aren’t familiar with why this pissed so many people off, get excited! This article is about to shellack you in fresh knowledge like rejuvenating dewdrops on the morning flower!)

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