The Unintended Economic Revolution caused by Black Gifting Groups, Fin Tech, Black Content Creators, and the Pandemic

When the Pandemic reached its height in the spring of 2020 American media would have the world believe that everyone’s attention was focused solely on the health crisis. In fact, just under the surface a revolution was brewing in the Black Community because the Pandemic gave the masses of Black Americans an opportunity to do something they never had the chance to do in the 500 years since they had been a part of this American experiment in White supremacy. For the first time ever, Blacks were forced to sit still, consider their health and economic survival, and turn to each other for answers and ideas.

Blacks started joining gifting groups(sou-sous), and crypto clubs. They started watching Black owned podcast like David Shands “Social Proof” and Rashad Bilal and Troy Billings “Earn Your Leisure”, that literally featured hundreds of Black men and women business owners who are making millions in every field of endeavor in the business world. From hairstylists, hair sellers, digital marketing experts, car dealers, stock market experts, crypto currency experts, car rental experts, and trucking experts, all part of a world that came to light during what seemed to be the worst time in America, if you let CNN and FOX tell the story.

Black Americans got so heavy into the gifting groups the Cash app, Apple pay, Google Pay and PayPal moved to shut down accounts to stop Blacks from gifting each other tens of millions of dollars day. Sending messages to their customers that they were using the app in an unintended way and disabling tons of accounts if they even suspected that they were participating in this financial underground railroad. Truthfully most Blacks got so scared by the fin tech apps that they quit on their own groups rather than fight for their right to self-determination. But it was too late because even though people quit the groups, they were already in the practice of working with their brothers and sisters to try and find answers to their financial questions and I believe that energy gave a huge boost to the Black content creators that were talking spicy online about business, marketing, credit, and all manner of opportunities.

One thing for certain and two things for sure Black men and women business owners under 40 are running multimillion dollar businesses of every type, off their cell phones. They are using social media and productivity apps to track their progress and it did not start during the pandemic. The pandemic forced everyone inside and on to YouTube and Instagram and zoom, and that’s how the world would discover these hidden gems.

Not only are many of these Black business gurus massively successful, but they also connect with each other to share resources and audiences to grow each other’s businesses. In addition, they develop courses to teach the skills they have mastered. This is a world the Black masses would hardly know existed without the pandemic. Now, 7 thousand people regularly tune into Market Mondays on the EYL Network to see Ian the Master Investor, Troy and Rashad break down their insights onto the stock market and Crypto markets. Now, 100k people have seen Teri Ijeoma on the Social Proof Podcast (The number 1 master teacher on Teachable, earning over 10 million a year) talk about her Trade and Travel course which helps countless students learn to earn $1000 a day trading so they can travel the world.

The irony of the sou- sous that fell apart is that they helped to spawn a deeper relationship between members of the Black community. It’s not millions in capital being gifted every day but Billions in ideas, expertise and best practices for wealth building that really matters.  Black businesspeople are showing other Blacks how to make millions every day on Tik Tok, Facebook, Zoom, Clubhouse, YouTube, and Instagram, and in Brick-and-mortar businesses all over the world.

We need to tap in deeply with ourselves because the only things our people do not have are the things, we have not given ourselves. I dare anyone to listen to the hundreds of voices on Earn your Leisure or Social Proof and tell me there is an area where we are lacking skills and knowledge. It is the transfer of knowledge that is needed now.  We can not fall back into the same pattern as before the Pandemic where we took each other for granted and simply worshipped at the alter of other’s supremacy. No matter what your ambition there are multiple qualified people from your tribe that can guide you toward your dreams. Hundreds of women and men have already walked the path and the info is available. Continue to make time to sit quietly and think and learn and connect with your people. The gifting group never stopped but it did transform.

List of things people received after the gifting groups:

1. Relationships that led to 6 and 7 figure business opportunities
2. Instructions and assistance to build great personal and business credit profiles
3. Access to government and private capital
4. Step by step instructions to 10x their current businesses
5. Inspiration to see women and men exceeding your wildest dream every single day in your field of endeavor
6. Knowledge of where your tribe meets in person and online everyday
7. Sales and marketing expertise
8. Demystification of the cryptocurrency market and the stock market
9. 10x to 100x return on capital through increasing knowledge and skills

Wishing you Wealth, Health, and Wisdom

Mark

Manager of Wealth