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In the midst of a wave of Black Lives Matter protests that swept the globe in 2020, last August marked the second annual Black Pound Day; its aim being to encourage support from people to buy from Black-owned companies (both local to them and online).The power of black and other ethnic consumers represents a significant proportion of the marketplace with an estimated spending power of £300 billion per year in the UK.

While black people are avid consumers, we generate and hold very little wealth comparatively speaking. A recent report by the Runnymede Trust titled, The Colour of Money: How racial inequalities obstruct a fair and resilient economy, highlighted this fact.

Kenroy Malcolm is an aspiring property investor and runs a YouTube channel where he provides tips and tricks to help his viewers save money as well as charting his own wealth-building journey. He is part of a small minority of black content creators in the personal finance space online who are keen to inspire and encourage others

On this episode, Kenroy and I talk about why wealth-building is not just important, but an essential part of creating economic freedom. We also talk about his own personal finance journey and his inspiration for YouTube.

If you like the podcast and want to give us some feedback, or if you want to be featured on the show, please use the contact form in the ‘About’ section.

In the meantime, click the link above to start the episode now and thank you for listening.

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