Wealth and Social Mobility - Your Broke Friends Are Costing You!

TFG is back! And even Shadier than ever?!The crew discusses the impacts of social mobility referencing the research study from The Opportunity Atlas; due to economic connectedness.  Economic Connectedness (EC) is based on the extent of friendship across class lines.  Social capital is just as important as capital, the crew takes a deep dive into life trajectories and what happens when one interacts outside of their communities to develop a better sense of self.Turns out, keeping poor company can make you or keep you poor in the long run. Article/Study Resources:PlanetMoney: "Friend Request"The Opportunity Atlas  More details will be available in the show notes, www.theneighborhoodfinanceguy.com About Us:The Financial Griot is a play on two words (Finance + Griot) that hold significance in closing the wealth gap while embracing our differences. We tell the stories that others don't. Stories about growth, opportunity and embracing changes. Beyond that we talk about Finances. Specifically, how to become Financially literate, incorporating actionable steps and ultimately building generational wealth.Can you imagine being a Millionaire in 20 years or less? Yeah it's possible. 80% of millionaires are first generation. That means they didn't come from wealth. We teach you how. Join a community of subscribers that welcome a fresh take on money.So there you have it, The Financial Griot or TFG for short. The hosts were able to amass over $2 Million in wealth in about 8 years and are on track to retire early. If you want the secrets; we will gladly share them since opportunity is abundant and Win-Win. Find  the TFG Crew Hosts on Instagram Alainta Alcin - Blogger, Travel and Money Enthusiast @alainta_alcinLovely Merdelus - Entrepreneur and Small Business Growth Specialist @lovelymerdelusLawrence Delva-Gonzalez - Federal Auditor, Blogger and Tax Specialist @theneighborhoodfinanceguy If you like our podcasts and want to share your financial story as a guest. Hit us up at https://calendly.com/thefinancialgriot/