Black Wealth Friday is an annual event that takes place during The weekend of Black Friday. On Black Friday, it is estimated that people of color spend 1.54 Billion dollars in a single weekend, which represents 17% of the total spending on Black Friday. Our goal, is to have people of color invest a small portion of their normal holiday spending budget instead, so that we collectively turn the largest consumer spending day of the year, into the largest wealth creation day of the year.JOIN THE MOVEMENT
The median Black family, with just over $3,500, owns just 2 percent of the wealth of the nearly $147,000 the median White family owns, according to the “Racial Wealth Divide” report. This is an opportunity to bring awareness to this reality while doing our part to move the needle forward. By pledging for Black Wealth Friday, you’ll get instant access to beginners guide FREE mini course on investing. Complete your pledge by 11.25 to be entered in to win a $500 giveaway to jumpstart your portfolio.JOIN THE MOVEMENT
People who opt into the Black Wealth Friday Experience will be able to invest in an account of their choosing, or can choose to establish a new account. This experience will take place virtually and Melanin Money will host a LIVE virtual learning experience that provides BWF Participants with tools and resources to be empowered on their journey towards wealth building. Participants will also have the opportunity to connect with other participants inside of the Melanin Millionaire’s Club and connect with other wealth builders of color.JOIN THE MOVEMENT
You can invest in any account(s) you currently have open and then upload confirmation of your investment. Or you can simply open a new account with any institution you like. If you need to open an account, we will provide a suggestion and guidance on account opening if needed. If you are an existing client of Capitalwize you can invest during BWF, to your current account(s).
We're offering $500 to one lucky winner to jumpstart your portofilio! To be eligible and get entered you need to do three steps: (1) Complete the pledge form on this page, (2) Complete the "Black Wealth Report" form, and (3) Upload proof of your investment.
Opening up an account is simple, upon deciding to join this campaign, you will receive a video lesson that walks you through step by step how to open up your account in just a few minutes.
If you choose to invest in an account that you setup on your own, there is no minimum investment amount, we recommend at least $100.
This will be contingent upon your goal for the money and the time horizon associated with that goal. Whether it’s for a future major purchase, retirement or general wealth building, you can choose the one that will work best for your goals.
YES! You can invest in cryptocurrency, as well as other alternative investments.
You will have full access to your account(s) 24/7. Should you decide you ever want to make additional deposits or withdrawals, you can do that directly from your mobile app or online. You may want to consult with your advisor or a tax professional to understand if any tax implications or withdrawal penalties apply based on the nature of your account type.