Dear Black Girls… Family Trust Mindset

World Report Card on the State of Women’s Equality: Focus on Black Teens in the United States

Introduction: Despite progress in recent years, the world remains unequal for women, and this is particularly true for black teen girls in the United States. While the country has made some strides in advancing women’s rights, there are still significant barriers to gender equality that black teen girls face. This report card will examine the state of women’s equality in the United States, focusing on the experiences of black teen girls, and the potential corrosive impacts if these issues are not immediately corrected. It will also provide solutions to each of the barriers identified.

Education: Access to quality education is a fundamental human right and a key factor in women’s empowerment. However, black teen girls in the United States often face significant barriers to accessing education, particularly in underfunded and marginalized communities. According to a report by the National Women’s Law Center, black girls are more likely to attend schools with high levels of poverty, and to be suspended and expelled at higher rates than their white peers.

Solutions to these barriers include increasing access to education through scholarships, funding, and the expansion of educational programs specifically targeting black teen girls.

Healthcare: Access to quality healthcare is a critical issue for women, particularly black teen girls. Black teens experience higher rates of mental health challenges, sexual and reproductive health challenges, and are more likely to suffer from chronic diseases such as diabetes, hypertension, and heart disease.

These disparities are often rooted in systemic racism and implicit biases in healthcare systems. To address these disparities, healthcare systems must prioritize anti-racism training for healthcare providers, expand access to quality care in underserved areas, and increase funding for research on black teen girls’ health issues.

Employment: While the job market can be challenging for all teens, gender inequality remains prevalent in many industries. Black teen girls experience particularly high rates of unemployment and underemployment, as well as wage disparities

Dear Black Girls,

I want to start by apologizing for the struggles you may face due to the wealth gap. I know it’s not fair that your economic opportunities may be limited because of systemic issues that were not created by you. But I want you to know that there are ways to overcome these obstacles and build a brighter future for yourself and your family.

A family trust is a legal entity that can hold and manage assets on behalf of your family. It can be funded with a variety of assets, such as retirement plans, real estate, stocks, and even life insurance policies. By pooling your family’s resources into a trust, you can leverage those assets to generate income and build wealth over time.

One of the most important things to understand is that life can be about more than just paying the bills and getting by. For the wealthy… It’s about building something greater than yourself, and creating a legacy that can last for generations. And one of the best ways to get started doing this is by creating and funding your very own Family Trust.

But creating a family trust isn’t just about building wealth. It’s also about protecting your family’s assets and ensuring that they are passed down to future generations. By setting up a trust, you can establish rules for how your assets are managed and distributed, so that your family can benefit from them for years to come.

I know that the idea of creating a family trust may seem daunting, especially if you come from a background where manual labor and just getting enough to feed the family has been the norm. But I urge you to think bigger. The world is changing, and there are more opportunities than ever before to build wealth and create a better life for yourself and your family.

So I encourage you to start learning about family trusts and other wealth-building strategies. Don’t be afraid to ask questions and seek out resources that can help you on your journey. And most importantly, don’t give up on your dreams. You have the power to change your future and create a better life for yourself and those you love.

Sincerely,

[Your Name]

The future Wealthy You!

Here is an outline of the steps every black girl or women could begin to take and even the estimated costs to take each step to ensure you aren’t overcharged. This a Sample Action Plan Dear Black Girls Letter:

1. Creating and Funding a Family Trust:

• Consult with a trust attorney to draft and establish the trust agreement (costs can vary widely depending on location and attorney fees, but can range from $2,000 to $10,000)
• Contribute assets to the trust, such as retirement plans, life insurance policies, vehicles, homes, and jewelry, with an estimated total value of $1.5 million (or $150,000 per contributing family member)
• Establish a plan for investing trust assets, such as through a financial advisor or investment manager (costs can vary, but typically range from 1-2% of assets under management per year)

2. Utilizing Infinite Banking:

• Research and select an insurance company that offers whole life insurance policies with a cash value component
• Purchase whole life insurance policies for each family member, with an estimated cost of $7,500 to $10,000 per policy (costs can vary depending on age, health, and coverage amount)
• Use the cash value component of the policies to fund investments and other expenses, such as real estate acquisitions and business ventures

3. Implementing Velocity Banking:

• Consult with a financial advisor or banking expert to establish a velocity banking plan
• Open a home equity line of credit (HELOC) or other low-interest loan account to use for income and expenses
• Use income and expenses to regularly pay down the balance of the HELOC or loan, while still maintaining enough liquidity for ongoing expenses

4. Investing in 10x Real Estate:

• Research and identify potential real estate investment opportunities, such as abandoned hotels or other commercial properties that can be converted into supportive housing facilities
• Conduct due diligence on potential properties, including property inspections, appraisals, and environmental assessments (costs can vary, but typically range from $5,000 to $20,000 per property)
• Secure financing for property acquisition and renovation costs, such as through traditional bank loans or private equity partnerships (costs can vary widely depending on the size and scope of the project, but can range from $500,000 to $5 million or more)

5. Incorporating Social Enterprise Strategies:

• Identify potential social enterprise opportunities, such as community-based programs or products that can generate both social impact and financial returns
• Conduct market research and feasibility studies to assess the viability and potential profitability of the enterprise (costs can vary, but typically range from $10,000 to $50,000 per study)
• Develop and implement a comprehensive business plan, including marketing, operations, and financial projections (costs can vary widely depending on the size and scope of the enterprise, but can range from $25,000 to $100,000 or more)

Note that these are rough estimates and costs can vary widely depending on individual circumstances and the specific recommendations being implemented. It is important to consult with professionals and conduct thorough research before making any financial decisions.

Note from the Author: If you are interested in implementing any of these transformational strategies. Please keep me ($TedFunding33) in mind. I am passionately motivated by generating unrealized Wealth from measurable Social Impact Funding Strategies to enhance your vision in 3 ways your Reach, Impact and Revenues Simultaneously.

Networking:

You should be learning all you can by attending Networking events and reaching out to organizations who provide opportunities for individuals to connect with peers and industry professionals in your lane. Black women can benefit from networking to gain access to extended resources and opportunities outside of their comfort zones. Here are three powerful videos on networking:

• “Networking Tips for Introverts” by Forbes (https://www.youtube.com/watch?v=5I1RSZBjKQs)
• “Building a Strong Network” by Harvard Business Review (https://www.youtube.com/watch?v=tN9VZrZYc6U)
• “The Power of Networking” by TEDx Talks (https://www.youtube.com/watch?v=QX_oy9614HQ)

Building long-term wealth and creating a sustainable financial future for your family is a goal that many of us share. However, achieving this goal can be challenging, particularly for those who start with limited resources. In this article, I will share a unique approach to wealth building that combines the strategic use of trusts, holding companies, infinite banking strategies, and real estate investment trusts (REITs). By following this approach, ordinary families can create a powerful and sustainable financial plan that generates a compound ROI and provides financial security for generations to come.

Trusts are powerful estate planning tools that can help families protect their assets and minimize taxes. When you create a trust, you transfer ownership of your assets to a trustee, who manages the assets on behalf of the trust’s beneficiaries. Trusts can be used to accomplish a variety of goals, including protecting assets from creditors, minimizing estate taxes, and providing for the financial needs of family members.

Holding companies are another tool that can be used to manage family assets. A holding company is a corporation that owns and manages other companies’ stocks or assets. Holding companies can be used to consolidate family assets and provide a layer of protection against legal liabilities. By holding assets in a separate entity, families can insulate themselves from lawsuits and other legal risks.

Infinite banking strategies are a way to use retirement plans and life insurance policies to build long-term wealth. With infinite banking, families use their retirement accounts and specially designed whole life insurance policies to create a “bank” that they can borrow from. When you contribute to your retirement account or pay your insurance premiums, a portion of your payment goes into a cash value account that grows over time. You can borrow against the cash value of your policy or retirement account to fund investments, pay for college tuition, or cover unexpected expenses. By using these funds in this way, families can build wealth while also protecting themselves against unexpected financial shocks.

Real estate investment trusts (REITs) are a type of investment vehicle that allows individuals to invest in real estate without actually owning property. REITs pool money from investors to buy and manage income-generating properties, such as commercial buildings, apartments, and shopping centers. By investing in a REIT, families can generate income from real estate investments without the hassle of managing properties themselves.

Putting all of these pieces together, families can create a powerful financial plan that generates compound ROI and provides long-term financial security to America’s underprivileged

Here’s how it works in practice:

Let’s say you’re a family of four with a combined income of $150,000 per year. You create a trust to hold your family’s assets, including your homes, investments, and other valuable assets. You also set up a holding company to manage your assets and provide a layer of protection against legal liabilities.

Next, you use infinite banking strategies to build a “bank” within or connected to your Family Trust. Now that you can borrow from your own financial institution to fund investments, mortgages or just to cover unexpected expenses. You contribute to your retirement accounts and purchase a whole life insurance policy with a death benefit of $1 million and an annual premium of $50,000 – $100,000. Over time, the cash value of your policy and retirement accounts grows, and you can borrow against it to fund investments, including a REIT.

Finally, you invest in a REIT or build one for yourself to generate income from holding or flipping your real estate investments. You invest a portion of your borrowed funds into the REIT and use the income generated from the investment to pay off your loans from and to the Family Trust. These activities will contribute to the Family Trust total value as your retirement accounts and insurance policies.

When you put all of these pieces together, you create a powerful financial plan that generates a compound ROI and provides long-term financial security. By using trusts, holding companies, infinite banking strategies, and REITs, ordinary families can build wealth and create a sustainable financial future for generations to come.

In conclusion, the key to building long-term wealth is to be strategic and intentional with your financial planning. By utilizing trusts, holding companies, infinite banking strategies, and REITs, families can create a powerful financial plan that generates both compound ROI and provides long-term financial security. While these strategies require careful planning and execution, they can be implemented with little to no cash investment and provide significant benefits over the long run. By following advanced Banking approaches, families can turn their financial dreams into reality and achieve their goals of building long-term wealth and financial security in a reasonably short period of time.