Learn about our billion dollar challenge, join for free and receive over thousands of dollars in free dignity, knowledge and access tools and invest in our crowd fund.
Our nation and world is world is navigating an economic crisis. All communities have been impacted. Interestingly, the wealth gap between blacks and whites in America has risen to record highs. The median wealth of white households is 20 times that of black households and 18 times that of Hispanic households, according to a Pew Research Center analysis of newly available government data from 2009.
As a result of these declines, the typical black household had just $4,955 in wealth (assets minus debts) in 2010, the typical Hispanic household had $7,424 in wealth and the typical white household had $110,729.
Moreover, about a third of black (35%) and Hispanic (31%) households had zero or negative net worth in 2009, compared with 15% of white households. In 2005, the comparable shares had been 29% for blacks, 23% for Hispanics and 11% for whites.
There is not a lack of financial and economic tools. There is a lack of financial and economic dignity.
This must change! We must change it! We can do more together than we can apart.
The Billion Dollar Challenge
Intellect, its founders and partners are intentional about decreasing this wealth disparity. It’s collaboratives and initiaties include:
The #BillionDollarChallenge is a multi-faceted, multi-year wealth building collaborative between Opportunity Community Development Corporation, Legacy Opportunity Fund, Corporation For Enterprise Development, Grayson Financial Services, Small Business Finance Institute, FT Press [Financial Times], Pearson Publishing, Youth About Business, International Business Kids, Homestrings, SCI Companies, Urban Professionals, United Africa Group and Kingdom Manifestation. Bishop Rodney Sampson is the national spokesperson. Together, we will create long-term impact by establishing a culture of economic dignity and a “pay it forward” precedent amongst all underserved communities in America initially – and then globally – ultimately increasing overall wealth for generations to come.
- Embrace economic dignity.
- Provide consistent financial, investment and business advocacy, intelligence, education, dignity and inspiration to youth, young adults and adults
- Provide education and solutions for properly managing credit and debt
- Encourage and provide solutions for individual, family and aggregate savings
- Provide access to legitimate and affordable home ownership solutions
- Encourage and initiate innovative business startups (STEM, alternative energy, incubators, etc.)
- Aggregate and invest monies via proper SEC regulated platforms (business development corporation)
- Provide access to startup and growth capital (micro-loan intermediary, crowd funding)
- Reposition the perception of churches in the financial marketplace as land-owners, relevant causes, community stake holders and viable investment partners
- Provide aggregated human resources [administrative, legal, accounting, tax, insurance] best practices and solutions to ministries, churches, businesses and schools
- Advocate for community and economic development, investment and reinvestment (business incubator, commercial retail development, schools, daycares, scholarship foundations)
- Form collaborative and cooperative partnerships together with innovative experts and solutions providers
- Provide wealth management tools (wealth advisory, retirement planning, life insurance, will and estate planning, probate land legal advisory)
- Join. If this cause resonates with you, please join our #billiondollarchallenge today and receive thousands of dollars in complimentary financial dignity, knowledge and access tools.
- Share. Invite your social networks to join our #billiondollarchallenge.
- Learn. Intentionally educate yourself on best practices in financial, investor and entrepreneurial literacy, dignity and opportunity.
- Engage. Utilize the dignity, knowledge and access tools designed to position you for legacy and wealth creation in multiple areas of your life.
- Save. Begin saving something on a daily, weekly and monthly basis. Post a note below on how much you are saving.
- Invest. Begin investing something on a daily, weekly and monthly basis. We hope you will consider investing with us as we pool our resources together to create an Economic Dignity Fund. Remember, we will do more together than we can apart.
- Go. Get started now!