Monday, September 13, 2021

Learn How Innovative Mortgage Pro Timothy Griggs Looks To Boost Black Wealth With His Innovative Credit App

Mortgage Pro Timothy Griggs Is Banking On His Innovative App To Help Reverse The Foreboding Forecast Of Zero Wealth In the Black Community.

Black Median Wealth By 2053 Is predicted to be zero.  A Black Enterprise, article stated "You can have a glamorous six-figure salary, advanced degrees, and an executive title at a large corporation and still be impacted by the negative net worth virus that is prevalent in black communities. According to The Road to Zero Wealth report published by Prosperity Now and the Institute for Policy Studies, the median wealth of black Americans will fall to zero by 2053 if current trends continue."

However, a sharp decline towards a median Black net worth of zero won't happen on mortgage pro and tech innovator Timothy Griggs' watch.  If Griggs has his way, despite gloom and doom predictions of disappearing Black wealth, his new technically advanced The Good Steward Financial System (TGS), app will help reverse the course of poverty in Black communities.

Timothy Griggs is a real estate mogul and the CEO and founder of The Good Steward Financial System - TGS App.  Griggs is nationally releasing the latest version of his app this week. He is also an experienced mortgage broker with Griggs Mutual Realty & Management a company in Eastvale, CA.

Due in large part to various forms of overwhelming debt, misunderstandings in credit management, and less opportunity in owning and capitalizing on real estate - white wealth is 10 times median Black wealth!    However, Timothy Griggs isn't focused only on credit problems.  He is instead developing a great solutions based online tool.

The Benefits of Timothy Griggs' The Good Steward Financial System

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"Building Your Credit Can Put You On The Path To Obtain Wealth"

Learn How The Good Steward App Can Help You Manage Your Credit In A Timely Manner


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Griggs is a 30 year veteran of the mortgage industry and has been really concerned about the plight of African Americans having barriers and issues with obtaining home ownership.  Black homeownership is down to less than 44% compared to 74% with white homeowners.  Black home ownership was about 50% before the great recession of 2007/2008.

In addition Black income is only about 60% of white income and even white high school graduates on average make more money than Black college graduates.  This contributes to Black relying more on credit cards for purchases and loans like high college debt.

Plus according to the highly regarded research organization The Brookins Institute, and independent undercover research done by Newsweek, a Long Island, NY, newspaper shows that Black homes are undervalued at an average of about $48,000 - $50,000 when compared to comparable homes owned by whites.

This disparity in aggregate is causing a $153 billion dollar wealth shortfall for Black homeowners.  Factors like these contribute to a situation where Blacks get less home loans for mortgages and white wealth is ten (10) times Black average and median wealth.  For 50% of Americans homeownership is the way they work towards obtaining wealth.

Timothy Griggs, and the TGS app system has become the "go to one stop shop" app to manage your credit.  It also gives you the tools to prepare yourself to get a fair mortgage going forward.  Griggs is working on his latest innovative upgrade version 1.7 of the app.  To download the app go to the: TGS app 

The latest version of the app will feature the following credit management features:
  1. Debt to Income Ratio calculator
  2. EFX Credit Score
  3. Transaction History
  4. Bank Account Integration
  5. Secure Portal
Because of systemic racism it is very important for African Americans to use wealth management tools to their benefit and advantage.  Even today the economic playing field between different ethnic and racial groups aren't leveled yet.

For instance Blacks get less than 2% of important access to vital resources to help us like federal contracts, venture capital for business startups, and inclusion in the capital markets.  Therefore, access to obtaining mortgages and buying homes has been and is the springboard for Blacks to obtain multigenerational wealth.    

Moreover, in fairness Blacks weren't allowed to get historic GI Bill Housing Bill loans to buy inexpensive housing which now are worth hundreds of thousands of dollars of wealth to pass down to their future generations.  

While The Good Steward app can't solve all the problems contributing to systemic racial wealth inequality, it certainly gives users pioneering technical stats and credit data to make informed decisions to stay on top of their credit profiles and effectively manage their credit.  It is a cutting edge tool to create a path to home ownership and ultimately wealth creation for those working towards these goals.

The app is available for download to your Android or Apple device by visiting:

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Black wealth is only 10% of white wealth now. Do you know Black wealth is projected to have a median income of zero by 2053?

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About the Minority Business Finance Scoop - is the premier news blog covering minority, black, and emerging businesses and how they develop and finance their companies. The publication is dedicated to showcasing the business and economic development of Black businesses and entrepreneurs of color.

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