YOUTUBE How Tech impacts our financial future | Ep 7 with Sherrell Dorsey and Sheena Allen AdminJuly 11, 2023074 views In this episode, we discuss the digital divide and how it impacts black wealth in America. Our guests will share their insights on how the digital divide affects black communities and what can be done to bridge the gap. The digital divide has a significant impact on black wealth in America. According to Forbes, approximately 36% of Black households lack computer ownership and broadband subscription. This is an impediment to inclusive economic growth, particularly in Black American communities. A report shows that rural Black Americans suffer from a pronounced ‘digital divide’ with nearly 40% of them having no internet at home Considering, the extreme wealth gap between Black and white Americans and the explosive growth of the tech industry in recent years, we explore the intersection of technology and wealth with our guests Sheena Allen and Sherrell Dorsey. Can’t-miss moments 00:01:37 — 1: Defining the digital divide 00:02:56 — 2: How tech illiteracy shows up in daily life 00:06:08 — 3: Growing up Black in a tech environment like Seattle 00:08:47 — 4: 42 million people in the US still don’t have internet access (16 million students) 00:11:02 — 5: Biggest misperception about the unbanked or underbanked is that they’re poor 00:14:12 — 6: Redefining tech literacy for the next generation 00:17:04 — 7: The steep learning curve and the amount of fraud in a digital world 00:18:29 — 8: Upper Hand is a book for people outside of the tech bubble trying to get in 00:21:32 — 9: FinTech solutions don’t reach the root cause of the issue very often 00:24:48 — 10: Financial literally and tech literacy go hand in hand 00:25:13 — 11: The digital divide is more than just access 00:28:58 — 12: The lack of open dialogue about money impacts negotiating power 00:30:31 — 13: What makes Capway different from other FinTech companies 00:35:35 — 14: What to do in the absence of “quick wins” 00:37:36 — 15: The unique inflection points happening across Black innovation 00:42:45 — 16: The solutions aren’t million dollar fixes, they’re 100 million dollar fixes 00:44:29 — 17: Blackbuck and the importance of stealth strategic planning About the Guests: Sherrell Dorsey is an American data journalist, strategist, and entrepreneur. She is the founder and CEO of The Plug —a subscription news and insights platform serving as the business intelligence source for Fortune 1000 companies, government agencies, and ecosystem leaders across the country. You can follow her on Twitter @Sherrell_Dorsey. Sheena Allen is best known as the founder and CEO of fintech company and neobank CapWay. She is a 2018 Business Insider Under 30 Innovator, part of the 2019 class of Forbes 30 Under 30 and Inc. Magazine 30 Under 30, and the 2019 Inc. Female Founders 100 list. To learn more about CapWay, subscribe here: @CapWay About the Hosts: Julien and Kiersten Saunders are the authors of the bestselling book, Cashing Out: Win The Wealth Game By Walking Away. The Cashing Out podcast is a series of conversations with experts, authors and friends on topics covered in the book. If you’ve enjoyed this video, please like and share on social media. To ensure you’re notified of future videos when they’re released, please subscribe to the rich & REGULAR YouTube channel and click the notifications bell. To purchase your copy of Cashing Out, click any of the links below. -Amazon: https://amzn.to/3uh2bn1 -Audible [narrated by the authors]: https://amzn.to/3irdfs8 -Kindle: https://amzn.to/3Jxjl66 -Barnes & Noble: https://richandregular.com/cashingoutb&n -Target: https://richandregular.com/cashingouttarget – For bulk discount rates, click here: https://richandregular.com/cashingoutbulkdiscount Footage and locations seen in this series include: -Barnes & Noble Metairie -Audobon Park -JamNola -The Voodoo Museum -Jackson Square -Baldwin & Company Bookstore -The Vintage coffee shop -Turkey & The Wolf restaurant -Drago’s Metairie -Canopy, by Hilton -Daquiri Run on 61 -Tava Indian Street Food -St. Louis Cemetery To learn more about Julien and Kiersten Saunders, other projects, speaking, events and more, visit www.richandregular.com source