Wednesday, July 27, 2022

Do Blacks Need New Insights And Tools To Empower Them For Economic Growth?

Systemic Financial Racism Requires Greater Insights And Smart Tools To Build Black Wealth
Photo Credit Christina at Upsplash

By Kamau Austin, Publisher Scoop Publications

In June, 2022 a compelling meme circulated on Facebook alluding to the 400-year head start whites have over Blacks in the US economic system.  It was ironic in that it was being shared in a Black group on a social media platform with a leaning towards conservative "pull yourself up by your own bootstraps" types.  Even Black conservatives, like others in the society, too often regurgitate the usual ole tropes about Blacks.

This Meme On Social Media ignited negative tropes about Black people. 

For instance the following are some stereotypical tropes perpetuated by Black conservatives or financial coaches about the lack of Black financial success:
  • Blacks can't achieve financial literacy because we're trying to achieve acceptance with consumerism.
  • Blacks don't achieve wealth because we don't understand investments and buy real estate.
  • Blacks aren't knowledgeable or disciplined in terms of credit. 
These tropes, while having some truthful claims about some Blacks, puts the onus of the present inequality in wealth concentration between whites and Blacks squarely on clueless or undisciplined African Americans.  These stereotypes side step the fact Blacks, in the past and presently, are fighting systemic economic racism, marginalized business ownership, and industry isolation.

It should be obvious individuals can't beat systems by themselves so financial literacy should evolve beyond just having insights on getting a mortgage, Debt to Income (DTI) ratios, and investing in stocks and bonds.  Financial literacy for Blacks should also extend to new technical tools, political, social, and economic advocacy to gain more economic empowerment and collective wealth creation.

Timothy Griggs, a Black real estate investor and mortgage broker is extremely concerned about Blacks and other financially marginalized people getting access to wealth building knowledge and systems.  He's been inspired to help people have technical access to manage their credit and finances.

Griggs, an African American, is a pioneer among a growing number of techno-preneurs looking to harness the communication prowess of digital media and platforms to help put Blacks and wealth seekers on the road to affluence.  He has developed The Good Stewart (TGS) financial system to help those seeking more control and also to understand the ways to improve their credit score and overall wealth.

Timothy Griggs Developed The TGS financial App To Help Manage Credit

His tech innovation is a timely tool for those looking to drive insightfully on the road to financial success. But why is credit, wealth creation, and financial disparities such an important focus for entrepreneurs like Timothy Griggs?

Let's review a small synopsis of systemic racism in the past and moreover - present times that contributes to the lack of Black wealth. Let's touch on some solutions beyond the typical ones floated to develop more Black economic development...

Tuesday, July 19, 2022

Learn How Timothy Griggs Developed The TGS App To Demystify And Manage Your Credit Score

Innovative App De-Mystifies Debt-To-Income Ratios Helping To Enhance Your Credit Scores

By Kamau Austin

Timothy Griggs, an accomplished entrepreneur in mortgages and real estate, is troubled with how debt hinders or marginalizes even his potential high income clients looking to buy real estate.  According to an Oct 2019 article Of Make It On CNBC "Real estate is still the best investment you can make today, millionaires say...".  Timothy is moved to create a tech solution to current credit and wealth creation problems.

Griggs is the Founder of The Good Steward, financial system (TGS), a mobile app that helps subscribers keep on top of their financial affairs.  He is a mortgage broker with over 20 years experience and real estate investor.  And his tech innovation is a timely tool for those looking to drive insightfully on the road to financial success.

Griggs often alludes to the fact that whether you are looking to buy your 1st home or rental properties you have to watch your debt-to-income ratio (DTI).  Of course developing a good debt-to-income ratio is essential to utilizing a viable credit score and therefore geared towards buttressing financial success for most of us in the process.

However, understanding the protocols and algorithms on credit scores and debt-to-income ratio calculations is a mystery to many people. Nevertheless, app visionary Timothy Griggs, looks to demystify and harness the protocols and algorithms that inform debt-to-income ratios, credit scores, and ultimately mortgage/loan approvals to empower you towards your financial goals.

However, before we can truly appreciate what Timothy Griggs, and his TGS app, brings to the table let's take a look at how debt can hurt or help you.

First-Ever Black Business All-In-One Mobile App


Kyle D. Amaker, founder and CEO of Go Black Own, LLC, which specializes in Internet-related services and products for Black-owned businesses, has made history with the launch of an all-in-one mobile app to help support and foster Black entrepreneurship.

The native app provides supporters and Black-owned business owners nationwide with a centralized platform that easily enables them to do business together. The app can be downloaded for free Apple IOS App Store and Google Play Store.

“This is a platform built for us, empowered by us,” says Kyle. “No other platform on the market offers this combination of features. It is simply different.”

Former Undocumented Black Teen Tanya Taylor, Who Built Over $1M in Retirement, Now Teaches Others


Tanya Taylor is the Founder & CEO of Grow Your Wealth, a financial education platform that teaches professionals how to ditch bad debt and create a 6 or 7-figure retirement income even if they don’t have any plans in place.

Tanya is a Certified Public Accountant and holds an MBA in Strategic Management. She has spent most of her 23+ year career on Wall Street, working for or with some of the largest international banks and insurance companies in the world. She has been able to grow her retirement portfolio to over $1 million by age 48 while traveling to over 50 countries.

Tanya is no stranger to financial hardships. At 16, she graduated high school without any prospects of a job or higher education. After graduation, she boarded a flight to America, leaving her entire family in Jamaica in the hopes of escaping poverty.

Seeing people living paycheck to paycheck was a sharp contrast to what she had heard about America, but she was undaunted and continued to push towards her goals of building wealth and helping others do the same.