Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions.  In today's society, if you possess a substantial net worth you are considered wealthy.  Net worth is defined as the current value of one's assets.  So what does it take to be wealthy or have a substantial net worth?  Why does the African American community struggle more than other communities? According to The Road to Zero Wealth report published by Prosperity Now and the Institute for Policy Studies, the median wealth of black Americans will fall to zero by 2053 if current trends continue. Did they say ZERO?!?! This is a shock and very concerning as many African Americans have worked hard to make a living, but have nothing to show for it.  That's because it was never taught within many households or that if we work together we are 10x stronger.  

Well, on this episode, Ralph and Touly jump into the Trenches with CEO/Founder of Freeman Capital, Calvin Williams Jr. and a Member of Freeman Capitals Leadership committee, Malcolm Ethridge. Both discuss finances and how it has played a roll in their marriages. Calvin also explains why he created Freeman Capital and what he wants to accomplish for the black community.

Freeman Capital's Mission:

At Freeman Capital, we believe in the power of authentic, diverse and open-minded spaces in order to reinvent what’s possible. Empower everyone to live their best life through their finances to help eliminate the wealth gap.

The CEO: Mr. Calvin F. Williams, Jr. . is the first black-owner of an SEC-registered automated wealth management platform. As the CEO and founder of FreemanCapital.co he aims to empower average Americans with the tools to become wealthy.  Since age 12, Calvin has had an entrepreneurial spirit starting his first business a lawn care service. As a freshman at North Carolina Agricultural & State University, Williams began designing web applications. After graduation he started XMG Web Designs and built web applications for numerous organizations over 9 years. During that time, he was named the youngest 40 Leaders Under 40 by the Greensboro Business Journal and the Bryan School of Business at the University of North Carolina at Greensboro. Calvin was a member of the City of Greensboro Planning Board and Joseph House. The Laurel, Maryland native enjoys spending time with his wife and son. He is a  member of Alpha Phi Alpha Fraternity, Inc.   Malcolm Ethridge is a member of Freeman Capital Advisors’ leadership committee. Malcolm is both co-host and executive producer of Manage Your Damn Money; a podcast designed to help make casual conversations about personal finance the rule and no longer the exception among millennials and other young people. Malcolm and his co-host tackle topics as complex as credit scoring and paying off student debt, all while mixing in references to pop culture and current events to keep things entertaining.    To find more out about Freeman Capital visit:

Website: https://freemancapital.co 

Affilate Link for special offers with Freeman Capital: http://freemancapital.co?ref=jonathantoulon

Instagram: @freemancapital Twitter: @freemancapital  

Trench Announcements:

The Money Therapist

Sharita is offering, from now until December 13th, the opportunity to get a 30-minute virtual consultation for $50 (Valued at $450 a session). Also one person from the Trench Mob will be selected to receive monthly complimentary coaching from January to March 2020 if they book through this exclusive deal. 

Trench Mob head over to sharitamhumphrey.com and book your 30-minute consultation today because its time to get financially fit! ***USE CODE -->Trench Mob***

https://www.saverlife.org/?utm_source=sharitamhumphrey&utm_medium=unknown&utm_campaign=001     Trenches Social Media   Website: https://inthetrenchespodcast.com  Instagram: @thetrenchespodcast Twitter: @TrenchesPodcast Facebook: In The Trenches With The Toulons     References:

1. Definition of Wealth: https://en.wikipedia.org/wiki/Wealth 
2. The Road to Zero: https://prosperitynow.org/resources/road-zero-wealth 
3. Freeman Capital: /freemancapital.co 
4. For The Love of Money w/ Sharita: sharitamhumphrey.com