Connect with us

#NNPA BlackPress

Building Wealth with Your Mind Before Your Bank Account with Ashley Fox of EMPIFY

WASHINGTON INFORMER — Ashley Fox, founder EMPIFY, and former Wall Street Analyst is working to shift that narrative. Ashley’s idea of financial wealth was dramatically altered when she was exposed to massive amounts of wealth on Wall Street. From this experience, she began to see the expansive possibilities of wealth and was inspired to teach a wealth-building mindset in her own community.

Published

on

Ashley Fox (Photo by: Dvvinci Photography)

By Cherrelle Swain

Ashley Fox, founder EMPIFY, and former Wall Street Analyst is working to shift that narrative. Ashley’s idea of financial wealth was dramatically altered when she was exposed to massive amounts of wealth on Wall Street. From this experience, she began to see the expansive possibilities of wealth and was inspired to teach a wealth-building mindset in her own community.

Ashley created EMPIFY to brings the exposure, tools, and resources that wealthy people know, believe and are taught to a community of people who want to be more than financially secure but don’t know where to start. Since 2013, she has built a series of EMPIFY programs that have empowered students in Philadelphia, New York City, and Atlanta schools. Ashley also gave EMPIFY courses to incarcerated youth who came from Rikers Island Prison in New York.

Participants enter EMPIFY’s Wealth Builders program with a very limited perception of what wealth looks like.

“Many of our students believe that wealth looks like an old white man wearing a trench coat,” explains Fox.

However, by way of EMPIFY, Ashley is redefining the way that black people see wealth. What many thought was once so complicated, she has found a way to make culturally relevant and easy to understand while showing the community how to get it done.

“EMPIFY shows the community that you can actually be a regular girl with a pair of Nikes, wearing a t-shirt, and be wealthy,” explains Ashley.  “I intentionally do not wear black and blue suits when I teach. I also change my hair often because I want to redefine how our community views wealth in America. Wealth does not have a color, and we all need to debunk the idea of what wealth looks like, so that we believe it looks like us,” she continues.

EMPIFY’S latest initiative, The Black Male Educators Wealth Building Program, is an innovative partnership with the Black Male Educators Convening and United Way, which has helped 15 Black male educators in Philadelphia learn how to invest. The free summer program was offered once a week for five weeks to help better grow, support and build Black men in education.

The impetus for this partnership surfaced from the need for more financially empowering spaces for Black male educators. This need came full circle through Ashley’s experience working with incarcerated young men in New York City. She witnessed too many black children at Rikers Island Prison without role models and/or father-figures in their lives.

She asked herself, “What if they went to school and saw a strong black man that wasn’t stressed out about money? What if they had relationships with strong black men who were happy?  What can I do to prevent kids from being incarcerated?”

In response grew EMPIFY’s Black Male Educator course to train Black male educators to be investors and build wealth.

In the beginning, many of the men felt awkward or uncomfortable talking about money, they were skeptical. Only four of the twenty men had invested before and none of them felt confident in their investing abilities.

“They came to class with the misconception that you need a lot of money to invest,” explains Ashley. Our program taught them that in order to gain wealth you must build it with your mind before your bank account.

Developing this mindset was foundational because the educators were doubtful of what they would be able to get from the course. Ashley explains, “oftentimes our community gives up or doesn’t think it’s possible to gain wealth because they’ve grown accustomed to not having it.”

Over the years, Ashley has heard many stories that her students, adult or youth, have told themselves about money and have chosen to believe. Some have told themselves the story that society sets it up so they can’t do it. As a result, they have a voice inside of them that tells them they can’t do it.

“Whatever story or reason you come up with, it will either propel or prevent you from being able to do it.” Ashley Fox

As the course progressed, the men’s views about money did too. “EMPIFY removes the layers of the negative stories that are on the hearts and minds of adults and young people in our community,” reflects Ashley.

In just a few weeks’ time, she saw the Black male educator’s capacity and understanding of the stock market increase dramatically. There were many moments where the men engaged in deep conversations on their own, speaking about what they were going to invest in and evaluate why it was a good or bad investment.

Ashley recalls, one of the educators who referred to her as “teach” enthusiastically coming to class the third week exclaiming, “I’ve been up all night researching, I’ve got my list of stocks, I know what I want to buy and I’m ready to invest!”

In just five weeks’ time, the men understood the basics of the stock market, how to select good investments, and identified which stocks they wanted to own. By the last session, each educator learned how to actually invest, opened their own brokerage accounts, and purchased their first stocks.  As a culmination to the course, each educator received $200 to invest. Collectively the Black male educators invested $4,000 thus increasing their aggregate net worth as a community.

The course showed them how to start building small, managing money differently and setting just a little aside each month.  It demonstrated to them that when they focus their thoughts and beliefs on things they desire, they can change the trajectory of their lives.

When asked how this experience might affect the students these men served, Ashley responded, “Now they see themselves as investors. When you walk around as an investor – you feel stronger, you have a better hold on your money; you walk differently, you talk differently, what you believe is possible is different.” In the case of the Black male educators – this confidence and knowledge will trickle down to their students.

Ashley encourages all of us to begin thinking like investors, “gaining wealth requires us to do something different individually that can massively change the black community collectively. We need to focus on bettering ourselves, recognizing the opportunities that are out there, and make it a priority to get involved. It’s opening our minds and hearts to say we can do this, we deserve this; and if we actually believe it’s shifting the black narrative, it’s our duty to do this as black people.”

EMPIFY has a wealth-building online app-based community that anyone can join. Included in the membership are weekly classes, tools, and resources to guide members through their financial journey. Beyond the toolkits and courses, the community offers a safe space for people to be supported and encouraged by one another and experts. Currently, there are more than 600 members in the community. To join the Wealth Building Community visit bit.ly/empifycommunity.

“I just push people inside the door. Once they see what’s inside – they realize there is so much out there – they want more, and they want the guidance to get there. Too often as black people, we just stand at the door. We want to go inside, we may even peek in a little bit. EMPIFY gets you through the door, and once you’re inside, you realize you belong, and we show you how to get it done until you no longer need us [EMPIFY].”

This post originally appeared in The Washington Informer.

#NNPA BlackPress

NNPA – Black Press w/ Hendriks Video Interview

Published

on

By

Continue Reading

#NNPA BlackPress

Black Woman to Lead United States Park Police

 Chief Smith’s experience serving in leadership roles in every U.S. Park Police field office has provided her with an unmatched foundation to lead the diverse agency,” said Flynn, who oversees law enforcement programs at USPP.

Published

on

Pamela A. Smith

Pamela A. Smith, a 23-year veteran of the United States Park Police, will lead the nation’s oldest federal law enforcement agency.

Smith, who became the first African American woman to lead the 230-year-old agency, immediately remarked that she would establish a body-worn camera program for USPP within 90 days.

The program will initially begin in San Francisco and be implemented across the country by the end of the year, Smith said.

“Body-worn cameras are good for the public and good for our officers, which is why I am prioritizing implementing a body-worn camera program within my first 90 days,” Smith offered in a statement.

 “This is one of the many steps we must take to continue to build trust and credibility with the public we have been entrusted to serve.”

Smith earned a bachelor’s degree in Education from the University of Arkansas at Pine Bluff and graduated from the FBI National Academy. She is a member of the National Organization of Black Law Enforcement Executives and the International Association of Chiefs of Police.

During her law enforcement career, the proud Zeta Phi Beta Sorority sister has served as a patrol officer, field training officer, canine handler, and academy instructor at the Federal Law Enforcement Training Center.

 According to a news release, Smith also served as executive lieutenant to the chief of police, assistant commander of the San Francisco Field Office, commander of the New York Field Office, acting deputy chief of the Homeland Security Division, and deputy chief for the Field Operations Division.

Smith was the first woman to lead the New York Field Office as its Major.

At the USPP, she will lead a 560-member workforce that protects the public, parks, and the nation’s most iconic landmarks in Wash., D.C., New York City, and San Francisco metropolitan areas.

“Chief Smith’s commitment to policing as public service and her willingness to listen and collaborate make her the right person to lead the U.S. Park Police at this pivotal moment in our country,” Shawn Benge, deputy director exercising the delegated authority of the NPS director, noted in a statement.

 “Over the coming months, the leadership of the National Park Service will explore opportunities with Chief Smith designed to strengthen our organization’s commitment to transparency. Her personal and professional experience make her acutely aware of and ready to meet the challenges and responsibilities that face U.S. Park Police and law enforcement agencies across the nation.”

 Jennifer Flynn, the associate director for Visitor Resource Protection at the National Park Service added that she’s looking forward to Smith’s leadership.

“Chief Smith’s experience serving in leadership roles in every U.S. Park Police field office has provided her with an unmatched foundation to lead the diverse agency,” said Flynn, who oversees law enforcement programs at USPP.

 “As federal law enforcement officers, the U.S. Park Police officers have a new opportunity each day to give their best to the American people. Chief Smith exemplifies that approach as a colleague and mentor, and she will be instrumental in refining and shaping the future of the organization,” Flynn said.

Smith declared that she would lead by example and expects all officers to display integrity.

 “I have dedicated my career to the professionalism of law enforcement, and it is my highest honor and privilege to serve as chief of police,” Chief Smith declared. “Today’s officers face many challenges, and I firmly believe challenges present opportunities. I look forward to leading this exemplary team as we carry out our mission with honesty and integrity.”  

Continue Reading

#NNPA BlackPress

Children’s Defense Fund: State of America’s Children Reveals that 71 Percent of Children of Color Live in Poverty

“While we reported on the 73 million children in the U.S. in 2019, which is 22 percent of the nation’s population, we also note that 2020 was the first year in American history that a majority of children are projected to be children of color,” said the Rev. Dr. Starsky Wilson, the president and CEO of the Children’s Defense Fund.

Published

on

Dr. Wilson did note that the Children’s Defense Fund is pleased about President Joe Biden’s American Rescue Plan, which, among other things, makes it easier for parents to keep their jobs and provides a lifeline for disadvantaged children. (Photo: iStockphoto / NNPA)
Dr. Wilson did note that the Children’s Defense Fund is pleased about President Joe Biden’s American Rescue Plan, which, among other things, makes it easier for parents to keep their jobs and provides a lifeline for disadvantaged children. (Photo: iStockphoto / NNPA)

Part One of an ongoing series on this impactful and informative report.

By Stacy M. Brown, NNPA Newswire Senior National Correspondent
@StacyBrownMedia

The child population in America is the most diverse in history, but children remain the poorest age group in the country with youth of color suffering the highest poverty rates.

“While we reported on the 73 million children in the U.S. in 2019, which is 22 percent of the nation’s population, we also note that 2020 was the first year in American history that a majority of children are projected to be children of color,” said the Rev. Dr. Starsky Wilson, the president and CEO of the Children’s Defense Fund.

Dr. Wilson’s remarks come as the Marian Wright Edelman founded nonprofit released “The State of America’s Children 2021.”

The comprehensive report is eye-opening.

It highlights how children remain the poorest age group in America, with children of color and young children suffering the highest poverty rates. For instance, of the more than 10.5 million poverty-stricken children in America in 2019, approximately 71 percent were those of color.

The stunning exposé revealed that income and wealth inequality are growing and harming children in low-income, Black and Brown families.

While the share of all wealth held by the top one percent of Americans grew from 30 percent to 37 percent, the share held by the bottom 90 percent fell from 33 percent to 23 percent between 1989 and 2019.

Today, a member of the top 10 percent of income earners makes about 39 times as much as the average earner in the bottom 90 percent.

The median family income of White households with children ($95,700) was more than double that of Black ($43,900), and Hispanic households with children ($52,300).

Further, the report noted that the lack of affordable housing and federal rental assistance leaves millions of children homeless or at risk of homelessness.

More than 1.5 million children enrolled in public schools experienced homelessness during the 2017-2018 school year, and 74 percent of unhoused students during the 2017-2018 school year were living temporarily with family or friends.

Millions of children live in food-insecure households, lacking reliable access to safe, sufficient, and nutritious food, and more than 1 in 7 children – 10.7 million – were food insecure, meaning they lived in households where not everyone had enough to eat.

Black and Hispanic children were twice as likely to live in food-insecure households as White children.

The report further found that America’s schools have continued to slip backwards into patterns of deep racial and socioeconomic segregation, perpetuating achievement gaps.

For instance, during the 2017-2018 public school year, 19 percent of Black, 21 percent of Hispanic, and more than 26 percent of American Indian/Alaska Native school students did not graduate on time compared with only 11 percent of White students.

More than 77 percent of Hispanic and more than 79 percent of Black fourth and eighth grade public school students were not proficient in reading or math in 2019, compared with less than 60 percent of White students.

“We find that in the course of the last year, we’ve come to the point where our conversations about child well-being and our dialogue and reckoning around racial justice has really met a point of intersection, and so we must consider child well-being in every conversation about racial justice and quite frankly you can only sustainably speak of racial justice if we’re talking about the state of our children,” Dr. Wilson observed.

Some more of the startling statistics found in the report include:

  • A White public school student is suspended every six seconds, while students of color and non-White students are suspended every two seconds.
  • Conditions leading to a person dropping out of high school occur with white students every 19 seconds, while it occurs every nine seconds for non-White and students of color.
  • A White child is arrested every 1 minute and 12 seconds, while students of color and non-whites are arrested every 45 seconds.
  • A White student in public school is corporally punished every two minutes, while students of color and non-Whites face such action every 49 seconds.

Dr. Wilson asserted that federal spending “reflects the nation’s skewed priorities.”

In the report, he notes that children are not receiving the investment they need to thrive, and despite making up such a large portion of the population, less than 7.5 percent of federal spending went towards children in fiscal year 2020.

Despite Congress raising statutory caps on discretionary spending in fiscal years 2018 to 2020, children did not receive their fair share of those increases and children’s share of total federal spending has continued to decline.

“Children continue to be the poorest segment of the population,” Dr. Wilson demanded. “We are headed into a dark place as it relates to poverty and inequity on the American landscape because our children become the canary in the coal mine.”

Dr. Wilson did note that the Children’s Defense Fund is pleased about President Joe Biden’s American Rescue Plan, which, among other things, makes it easier for parents to keep their jobs and provides a lifeline for disadvantaged children.

The $1.9 trillion plan not only contained $1,400 checks for individuals, it includes monthly allowances and other elements to help reduce child poverty.

The President’s plan expands home visitation programs that help at-risk parents from pregnancy through early childhood and is presents universal access to top-notch pre-K for 3- and 4-year-olds.

“The American Rescue Plan carried significant and powerful anti-poverty messages that will have remarkable benefits on the lives of children in America over the course of the next two years,” Dr. Wilson declared.

“The Children’s Defense Fund was quick to applaud the efforts of the President. We have worked with partners, including leading a child poverty coalition, to advance the ideas of that investment,” he continued.

“Most notably, the expansion of the child tax credit which has the impact of reducing poverty, lifting more than 50 percent of African American children out of poverty, 81 percent of Indigenous children, 45 percent of Hispanic children. It’s not only good policy, but it’s specifically good policy for Black and Brown children.”

Click here to view the full report.

Continue Reading

CHECK OUT THE LATEST ISSUE OF THE OAKLAND POST

ADVERTISEMENT

WORK FROM HOME

Home-based business with potential monthly income of $10K+ per month. A proven training system and website provided to maximize business effectiveness. Perfect job to earn side and primary income. Contact Lynne for more details: Lynne4npusa@gmail.com 800-334-0540

Facebook

Trending