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Category Archives: wealth gap
Generational Wealth vs. Generational Waste
Posted in ambition, Bible and money, children, Christianity and money, dreams and goals, generational wealth, goals, God and money, habits of the wealthy, inheritance, invest, investing, investments, legacy, make money, millionaire, millionaire mindset, money smarts, money works for you, opportunities, opportunity, patience in investing, saving and investing, saving money, wasting money, wealth, wealth gap, wealth mindset
Nikki Cannon, building African American wealth in Los Angeles
People told Nikki Cannon’s mom, diagnosed with dyslexia, to be a typist. With bigger ambitions, she, notwithstanding, graduated with a bachelor degree, a master’s and a Phd. She became a university professor and a consultant for the U.S. Congress on social justice.
Triumphing over tough times was always part of Nikki’s life. Today she holds six professional licenses and an MBA and is building a team of financial professionals with World Financial Group. “I definitely did not grow up with a silver spoon in my mouth,” she told The Pace.
While she was in high school in Hawaii, her mother packed one suitcase and she and Nikki fled a physically abusive husband/step-dad. Mom and daughter landed in LAX, got a hostel room for two weeks and ate at soup kitchens until Mom got a job at Burger King.
Yup, a PhD flipping burgers. “She made it work,” Nikki says. “Honestly, I don’t feel like I came from poverty. I had a great childhood. There was never any obstacle that she was not going to overcome.” Eventually, mom landed a job with Children Protective Services and segued back to academia. For her part, Nikki was a stellar student at Los Angeles High School who, ironically, didn’t plan to go to college.
“Have you heard back from any of the colleges you applied to?” a college counselor called after her one day. No, she responded. She wanted to take time off to help out Mom. He looked at her grades and her SAT. It was too late for the UCs and Cal States, but she could still apply for private schools. At his insistence, she applied to four universities and was accepted into all four. Read the rest: Nikki Cannon financial advisor
Posted in African Americans, America, American Dream, financial advisor, Financial Talk, financial,, generational wealth, personal finances,, retirement, think and grow rich, wealth, wealth gap
Tagged Christianity, church, Kermit Cannon, Nikki Cannon, tuition, usc, World Financial Group