Oct 9, 2018
Terrie Chantel climbed the corporate ladder in the IT field for over a decade before turning her focus over to the side hustle she had been building along preparing tax returns and doing credit repair. She has now launched The Greenhouse Academy, which is full of how-to trainings on everything from personal and business finance to credit repair.
Today Terrie will share with us more about her personal credit story and how she learned about credit repair firsthand when discovering she had negative accounts in her name from childhood. She also shares with us about her emotional climb up the corporate ladder as an African American woman in the IT field and the passion that drove her to helping others with their finances.
In This Episode We Discuss:
- The negative effects of trying to look and play the part of corporate America.
- How she got started in investments.
- What credit repair really is and who it can help.
- The importance of chasing passion and not money.
Chantel's Website: https://mygreenhouseacademy.com/
The Word of the Day: Racial Wealth Divide
Earning a middle-class income does not guarantee middle-class economic security. White households in the middle-income quintile own nearly eight times as much wealth as middle-income Black earners and ten times as much wealth as middle-income Latino earners.
This disconnect in income earned and wealth owned is visible across the entire income spectrum between these groups. If the middle class were to be defined by wealth rather than by income, Black and Latino families in the middle-income quintile would need to earn 2-3 times as much as White families in order to enter the middle class.
This is one reason why educating yourself is so important.
There are plenty of initiatives working to help address this major problem. Institute for Policy Studies and Prosperity NOW have done extensive research and have very good resources to provide you with more information.
We have a long way to go and one way I can see to start making changes is to keep financial conversations going. Remember, It’s not about the numbers but about the strategies.
If you have financial questions, suggestions for guests, or would like to share your own money memoir, please contact us through our website worth-listening.com.
If you're liking the show, make sure to let me know by leaving a review or sending an email to podcast@worth-listening.com.