Instagram story viewer> @blackwealthrenaissance> Posts

Black Wealth Renaissance®

@blackwealthrenaissance

546.8K

followers

975

following

🗞️Business & Finance
💰Curating Conversations About Wealth
📚Empowerment Through Real Life Examples
🎧@bwrpodcast

POSTS STORIES REELS TAGGED

Chicago is staring down a $1B budget deficit in 2025 — and many point back to one of the city’s most infamous financial moves: the 2008 parking meter deal.

Back then, city leaders leased out 75 years of parking meter revenue to a private investor group for just $1.15B upfront. At the time, it was pitched as a quick fix for a budget crisis.

But today, those same meters generate over $160M per year — money Chicago will never see. By 2024, the investors had already made their money back (and then some), while the city is stuck paying them even when meters are taken offline for construction or events.

Bloomberg once projected these meters could generate over $11.6B by the end of the lease, showing just how lopsided the deal was.

Now, with the deficit looming, the parking meter fiasco is a cautionary tale: short-term fixes can cost for generations. by @blackwealthrenaissance

2k

122

a year ago

3

18

7 months ago

The Trump administration is moving to overrule state laws that protect credit reports from being impacted by medical debt — a move that could hurt millions of Americans still struggling to recover from unexpected health expenses.

The Consumer Financial Protection Bureau (CFPB) had previously advanced rules to ban medical debt from credit reports, arguing that such debts often result from billing errors, insurance delays, or emergencies outside a person’s control.

Now, Trump’s CFPB is pushing in the opposite direction — asserting that federal law should preempt state-level protections, which would make it easier for debt collectors to report unpaid medical bills to credit bureaus.

With 1 in 5 Americans carrying medical debt, this policy reversal could drag thousands of credit scores down — making it harder for families to buy homes, start businesses, or access affordable loans.

Should states have the right to protect their residents from the financial fallout of medical debt? Or should the federal government set the rules for everyone? by @blackwealthrenaissance

3

47

a year ago

Talia C. Teneyuque, a 32-year-old Michigan mother, is facing up to 10 years in federal prison and a $250,000 fine for allegedly using food stamps to buy ingredients for baked goods she sold from home from January 2022 to September of 2023. She was offered a deal to plead no contest to a one-year misdemeanor count of larceny between $200 and $1,000, with a recommendation that would have likely resulted in probation that she has refused and will stand trial.

Prosecutors state she committed food stamp fraud due to USDA rules prohibiting the resale of items purchased with SNAP benefits. But let’s call it what it really is — entrepreneurship. It’s someone trying to build something legitimate out of limited resources to make some extra money.

Punishing a mom for trying to earn an honest living using her resources is criminalizing poverty without providing a meaningful or viable solution.

💭 Do you think laws like this are designed to keep people dependent instead of empowering them to build wealth?

#BlackWealthRenaissance by @blackwealthrenaissance

3

229

a year ago

The federal shutdown is hitting Black- and minority-owned businesses harder than most.

According to a new survey by the National Minority Supplier Development Council (NMSDC) of its member firms, losses tied to the current government shutdown could climb to $400–$450 million.
Key impacts include:
• ~$150 million in contract & payment delays
• ~$125 million in reduced demand for goods and services
• ~$75 million in staffing cuts
• ~$50 million in increased borrowing costs for the firms in the survey

More than one-third of these firms say they’re already experiencing direct hits: 1 in 3 saw revenue fall sharply, projects delay or stop, and cash-flow wiped out.

If your business works with federal contracts or depends on government spending, how are you weathering this shutdown?

#BlackWealthRenaissance by @blackwealthrenaissance

3

1

a year ago

🏈 Former Dolphins safety Reshad Jones just scored a major legal win. He’s reached a $9.5 million settlement with Merrill Lynch after accusing a former advisor of stealing over $2.5 million from him.

The lawsuit claims the advisor, Isaiah Williams, siphoned funds via 133 unauthorized transactions and colluded with an accomplice to launder money.

Jones originally sought $16 million in damages, arguing the firm failed to protect him and ignored red flags. by @blackwealthrenaissance

3

19

a year ago

According to The New York Times, over $10 billion has been traded on Kalshi in just the past 8 months — a massive surge fueled by speculation around the 2024 election and the 2025 NFL season kickoff.

Kalshi, a federally regulated prediction market, lets users bet on real-world events — from inflation rates and elections to sports outcomes and weather trends.

📈 Weekly trading volume now tops $800 million, signaling growing public appetite for “event-based investing.”

Critics say it’s gambling disguised as finance. Supporters argue it’s the next evolution of market-driven data.

💭 What do you think 🤔 is Kalshi the future of finance or just Wall Street’s version of DraftKings?

#BlackWealthRenaissance by @blackwealthrenaissance

3

1

a year ago

💍 New data from The Knot 2025 Wedding Report shows that being part of someone’s “big day” now costs more than a month’s rent for the average American.

Between travel, hotels, gifts, and outfits, the average guest spends $1,900+ attending a wedding.
Add a bachelor or bachelorette trip, and that number jumps to over $2,700 — more than the national median monthly rent ($2,100).

What used to be a celebration of love has turned into a luxury event many can’t afford. Yet, 78% of guests still say they feel “financially pressured” to attend.

Have you skipped out on a friends wedding festivities due to finances? by @blackwealthrenaissance

3

11

a year ago

Young entrepreneur Kobe Harris pitched @kobeesco.balms, an all natural, compostable lip balm focused on sustainability, made with just four ingredients (beeswax, coconut oil, sunflower oil, mango butter).

Kobe started the company in 2019 as a college student at Loyola with only $200and decided to leave school to focus on building the business after selling $15k in a single day. He continued to scale the company using TikTok/Facebook ads to $1.5M YTD with strong margins. Sharks praised the hustle; but they didn’t want to take his offer for 6% at $300k and countered at 20%, but Kobe held his value—betting on DTC growth and smart marketing.

Source: shark tank #blackwealthrenaissance by @blackwealthrenaissance

3

127

a year ago

A group of Florida homeowners has initiated a class-action lawsuit against D.R. Horton Inc. and its lending subsidiary, DHI Mortgage Co., accusing them of engaging in deceptive home-selling and financing schemes.

The lawsuit, filed on October 1, 2025, alleges that the companies orchestrated a “Monthly Payment Suppression Scheme” designed to mislead first-time homebuyers. Per the complaint, D.R. Horton enticed potential buyers by advertising low, affordable monthly mortgage payments while intentionally underestimating the required property taxes, thus concealing the true total monthly housing costs.

A striking example of this alleged scheme involves a plaintiff named Frankie Santiago. When purchasing a home in Lake County, Florida, he was quoted a monthly payment of $2,164.68. However, less than a year after closing on the home, his monthly payment surged by nearly $1,000 to $3,136.33!!

This drastic increase occurred after DHI Mortgage sold his loan to a new mortgage servicer, revealing the previously undisclosed, higher property tax obligations.

Many other homebuyers found themselves in a similar situation, discovering that their monthly payments were hundreds of dollars more than what they were initially led to believe.

The primary objectives of the lawsuit are to halt D.R. Horton’s alleged predatory practices and to secure financial compensation for the affected homeowners for all the money they have lost. The homeowners are seeking recourse under the Racketeer Influenced and Corrupt Organizations Act (RICO), a federal law that targets patterns of criminal activity.

If found liable under RICO, D.R. Horton could be ordered to pay three times the amount of the homeowners’ out-of-pocket losses, representing a significant potential financial penalty for the company.

Source: nclc.org #blackwealthrenaissance by @blackwealthrenaissance

3

20

a year ago

Is it not enough money or bad money management? by @blackwealthrenaissance

3

56

a year ago

160 lucky New York residents will receive $12,000 via USDC free no strings attached courtesy of Coin base funded the “Future First” program. The program is being ran by the GiveDirectly nonprofit organization.

Participants will get an $8000 lump sum up front and 5 additional payments of $800 through out the trial. Funds will be transferred to a coin base wallet where participants can withdraw the cash, invest in other assets, use a coin base debit card or let the fund accrue interest.

This experiment is set to test how participants will use the money for opportunities to get ahead in life such as down payments and stepping stone toward financial independence or will they make risky bets with in the markets?

Many people are speculating this is just a trial run to see how universal income via crypto currency will work by @blackwealthrenaissance

3

69

a year ago