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Episode from the podcastDay 1 Radio

Saving Our HBCU's w/ HBCU Change founder Xavier Peoples

Released Thursday, 3rd September 2020
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This week's guest is wealth advisor Xavier Peoples. While his "9-to-5" is being Vice President of The Capital Group (one of the largest wealth management firms in the world), he is making waves as founder of HBCU Change, a new app designed to make giving to HBCU’s easier. In this talk he speaks on the importance of HBCU’s, his goal of generating $1 billion through the app and why Black people should be focused on self-sufficiency.
2:00 - Peoples talks about how much HBCU’s impact the Black ecosystem and economy. He also talks about what inspired him as a child to become an entrepreneur and work in the finance industry. 
5:50 - Here he explains why he started HBCU Change after he found out that his current employer, the largest active money manager in the world that handles some of the biggest endowments in the world, had no HBCUs in their portfolio. He also talks about creating the app to make alumni giving easier. Peoples stresses the importance of giving to HBCUs and becoming self-sustainable during the pandemic.
10:30 - Peoples talks about the process of getting the schools on board. He also explains the rollout of the app and the schools that are currently enrolled on the app. 
15:00 - Peoples breaks down how HBCU Change works. The consensus is that there's really no reason for anyone NOT to use it.
16:45 - Peoples says that HBCU Change's goal of generating $1 billion in five years is actually moderate compared to some of the endowments he's seen. 
18:30 - Peoples specializes in wealth management and he gives tips on how to build it for yourself and become more financially responsible. He also talks about the importance of doing business with Black-owned banks.
24:00 - Peoples talks about the importance of self-sustainability and Black people supporting Black-owned companies instead of just giving money to other companies without thinking. He also speaks on corporations’ sudden donations after the George Floyd protests. 
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