Category Archives: wealth

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

Kevin Robinson couldn’t afford to buy books, so he just read them at the bookstore. Today he is rich.

Despite making millions in real estate, Kevin Robinson, 38, scrimps on groceries, eating oatmeal, tuna out of the can, and frozen grapes instead of ice cream. He makes a point of always buying in bulk.

“My family thinks I’m just as cheap as hell,” Kevin says on a MarketWatch video. “They say, you’re just cheap. Go buy some real ice cream. But little things start to add up for me, and (living frugally) has been very, very good for me in building up my net worth.”

Today, Kevin Robinson — who calls himself Kayr — administers a real estate empire, but he grew up in “deep poverty” in Philadelphia. He serves as an example of someone God provided for abundantly as he gave to God’s work.

“No one in my family was financially literate,” he says. “What happened to me is that I was motivated because when I was 13 or 14 years old, I noticed my mother struggled with money and our local church was always raising money.”

So, he went to the local bookstore and read everything on finance, money management and real estate. He didn’t buy the books. He didn’t have the money to do so. He didn’t even have money for the bus to get to the bookstore. He walked there every weekend and spent the day reading them in the store throughout middle school and high school while his friends played sports.

“I would say, ‘I’m going to master this material. No one’s going to know more than me,’” he remembers. “I sat down. I read the book for free. I put it back.”

Throughout his childhood, Mom had to move 10 times. Though instability was not ideal, Kevin found inspiration.

“It looked like the landlord had all this power. He gets to decide who lives and who stays in his property,” he says. “I said to myself, ‘What am I going to do? Am I going to become the homeless person or the teenage dad? Or am I going to become the landlord or the business owner?’

“I decided to become the landlord and the business owner.” Read the rest: He read books on riches at the bookstore because he couldn’t afford them, then Kevin Robinson became rich.