How Black Professionals Can Escape Capitalism and Build Wealth with Estate Planning - Rendel Solomon

In this episode of The Purpose Profit Shift, host Rachel Bernier Green is joined by Rendel Solomon, a former managing director in private equity who pivoted to become a purpose-driven entrepreneur after the deaths of George Floyd and Breonna Taylor. Rendel shares his journey from corporate success to his commitment to democratizing wealth and fostering racial equity through finance. He discusses his ventures, including InHeirit, an AI-driven estate planning platform, and One Stock-One Future, an initiative to turn youth into shareholders. The conversation explores the intersection of systemic change, sustainable revenue, and the entrepreneurial spirit.Rendel Solomon is a Chicago-based entrepreneur, financial activist, and advocate for wealth democratization. After spending 13 years in private equity, where he rose to the position of managing director, Rendel left his lucrative career in 2020 to pursue racial equity through finance. He co-founded InHeirit, an AI estate planning platform, and One Stock-One Future, a program that gives youth the opportunity to become public company shareholders. Rendel is also a TEDx speaker and has received numerous accolades for his work in financial literacy and racial justice.Expect to LearnThe story behind Rendel’s transition from private equity to purpose-driven entrepreneurship.How InHeirit is disrupting the estate planning industry by making the process more affordable and accessible.The impact of One Stock-One Future and how it empowers youth by turning them into shareholders.Insights into the challenges of balancing capitalism with anti-oppression efforts.How Rendel navigates the tension between systemic change and generating sustainable revenue for his businesses. Episode Breakdown with Timestamps[00:00:00] - Introduction[00:05:07] - Rendel’s Story[00:22:30] - Rejecting Hustle Culture[00:30:09] - Quick Early Career Story[00:35:34] - How InHeirit is Solving Problems[00:42:16] - One Stock One Future - Navigating the Tensions[00:52:53] - The First Step[00:58:44] - Vision for a Truly Equitable Economy[01:09:10] - Learning is a Journey[01:12:03] - Closing Thoughts: Connect with Rendel and The Ongoing Journey of Purpose Profit Shift Follow the GuestLinkedIn: https://www.linkedin.com/in/rendelsolomon/Website:https://linktr.ee/RendelsolomonInstagram: https://www.instagram.com/rendel_solomon/?hl=enX: https://x.com/RendelSolomonCompany’s LinkedIn: https://www.linkedin.com/company/getInHeirit/Company’s Website: https://www.getInHeirit.com/who-we-areFollow the HostLinkedIn: https://www.linkedin.com/in/rachelberniergreen/Website: www.instagram.com/jointhryvo/Instagram: www.instagram.com/jointhryvo/LinkedIn (Company): www.linkedin.com/company/jointhryvo/Twitter/X: x.com/jointhryvoFacebook: www.facebook.com/jointhryvoListening Links:Spotify: https://open.spotify.com/show/0kmrlBqo4QHftlfmqo2Q32Apple: https://podcasts.apple.com/us/podcast/the-purpose-profit-shift/id1829627732Youtube: https://www.youtube.com/@PurposeProfitShift