BW2000SM
"2,000
Black Women investing $2,000 each by the Year 2000 = $4 million of Collective Wealth,
Freedom and Power"
BW2000
was formed when our co-founder, a financial planner at the time, observed that Black women
were the smallest segment of her practice. After discussing the situation with potential
clients and others in the Black community, she realized that there were cultural, social
and psychological hurdles that make it difficult for Black women to talk with others about
financial issues -- even when it is for their own good. This "wealth disorientation
syndrome" is manifest in a tacit Code of Silence in the Black community.
BW2000
is a movement to create a culture where Black women talk openly about money. By creating
an informal and emotionally supportive environment, it becomes acceptable, expected and
commonplace for Black women to discuss wealth opportunities and to proactively manage
their money and their lives.
Started
January, 1998
Description
Monthly financial education
sessions followed by informal discussions between 20-30 Black women. Discussions have
focused on topics such as fear and trust of advisors, realistic investment expectations
and financial instruments (e.g. stocks, bonds, mutual funds). Sessions are usually held in
the evening for two hours.
1998/1999 Discussion
Topics
