Stock Market 101: Tips for BIPOC Folks to Start Investing
The stock market, with its intricate web of numbers, charts, and financial jargon, can seem like a daunting and inaccessible realm: a place reserved for Wall Street experts and seasoned investors. Ordinary people may feel excluded from the opportunities it offers.
In this episode of “Hay Dinero,” we unlock the doors to the stock market, revealing that it’s more accessible than you might think. Host Cindy Y. Rodriguez takes you on a journey through her own stock market experiences and sheds some light on the real-world potential of “playing the market.”
Cindy also interviews Linda Garcia, a financial educator and author of “Wealth Warrior: 8 Steps for Communities of Color to Conquer the Stock Market.” Garcia demystifies the world of investing, translates complex financial terminology, and shows us how to reshape our beliefs about money.
“Only 15% of Americans are direct shareholders of the stock market. Out of those 15%, only 1% are Black, and 0.5% are Latine,” says Garcia in this episode. She shares valuable insights and practical advice that will empower you to start your own stock market journey today, regardless of your background or financial status.
Journal Prompts:
- Explore Your Beliefs About Money: Examine your current beliefs and perceptions about money. Have these beliefs been influenced by external factors, or by experience? Consider how reshaping these beliefs could positively impact your financial journey.
- Reflect on Your Financial Dreams: Take a moment to write down your financial aspirations and dreams. Have you ever considered investing in the stock market? If so, what sparked your interest? If not, what potential benefits do you see in exploring it now?
- Take Actionable Steps: What concrete steps can you take today to start your own stock market journey? Are there specific areas of finance or investment that you’d like to understand better? Write down actionable steps to get started on your path to financial empowerment.
Join the #SiHayDinero Movement
Watch “Hay Dinero” and we’ll rewrite the narrative together. Share your money journey, your successes, and your aspirations using #SiHayDinero. This hashtag is more than a tag – it’s an affirmation of abundance and a shift in mindset. Whether you’re breaking generational patterns or celebrating victories, let’s unite and amplify our wins. Together, we’re shattering the “no hay dinero” myth. Your stories matter. Your dreams matter.
“Hay Dinero” is a five-part docuseries that provides practical financial planning tips for the Latinx community while shedding light on the connection between culture and generational trauma. Host Cindy Y. Rodriguez shares her wealth journey and interviews Latina leaders and money experts, who share practical tools and tips so you can shift your money mindset and get one step closer to building generational wealth.
To discover more programming for our Latinx community and to sign up for our mailing list, visit TRECE.
“Hay Dinero” is co-produced by RAVA FILMS and The WNET Group’s Chasing the Dream initiative.
The WNET Group is the parent organization of THIRTEEN, WLIW21, NJ Spotlight News, ALL ARTS and operator of NJ PBS – media made possible by all of you.
Chasing the Dream: Poverty and Opportunity in America is a multiplatform public media initiative reporting on poverty, justice, and economic opportunity, and showcasing promising solutions. Major funding for Chasing the Dream is provided by The JPB Foundation with additional funding from Sue and Edgar Wachenheim III.
