Black women are rising—leading as the fastest-growing group of entrepreneurs in the country. A major part of this success? Financial education. That’s why we’re spotlighting incredible Black women financial experts who are creating change by educating, empowering, and uplifting communities.
Let’s be honest, Black women face more challenges than other groups. Despite being the most educated group in the U.S. by post-secondary degrees, Black women are still only paid a fraction of what their counterparts make. Recent studies showed that Black women receive $0.63 for every dollar earned by White men.
To pile on the hardship, Black women are disproportionately impacted by the student loan debt crisis. This, coupled with mortgage discrimination, further cripples the ability to purchase a home and build generational wealth.
With all of these odds being stacked against us, we as Black women continue to excel as the fastest-growing group of entrepreneurs in America. One way we’ve been able to do so is through financial education and improved economic status.
Black women financial experts are providing financial education and resources to our communities. These are Black women who understand the importance of our financial well-being and have made it their mission to educate others.
Here’s our top list of the Black women financial experts that you should know about!
Sometimes it’s best to learn from people who share your values and experiences. This list of outstanding women is guaranteed to help you improve your financial wellness.
1. Bola Sokunbi
Bola Sokunbi is one of the leading faces in personal finance for women and the founder of Clever Girl Finance! As the 2021 Financial Educators Council Financial Education Instructor of the Year, her mission is to help women ditch debt, save money, and build real wealth.
With the Clever Girl Finance platform, she provides free courses, 100s of articles, and 1 on 1 coaching to help women be better with their money.
She has also authored three books centered around money management, investing, and business for women and has given inspirational speeches across the country.
Bola is your all-around resource for any financial need.
2. Jamila Souffrant
Jamila is the founder of the award-winning podcast, Journey to Launch. She’s on a mission to help others eliminate debt, save more money, and increase their net worth.
With a community of over 135,000 people, Jamila shares the lessons from her journey of becoming financially independent. She describes this journey in five stages:
- Financial stability
- Becoming debt-free
- Gaining financial security
- Working on becoming flexible with your work
- Achieving financial independence
She also provides both a course and a membership community for those who want hands-on assistance with their journey to financial independence.
Jamila will get you on a path to debt-free living.
3. Tai McNeely
As one half of the His & Her Money pair, Tai McNeely is on a mission to help couples become better with their finances and their relationship. Having become debt-free millionaires, Tai and her husband, Talaat, provide weekly around debt-free living, money management, entrepreneurship, faith, and more!
Alongside her husband, she is the author of the book Money Talks: The Ultimate Couples Guide to Communicating About Money. Additionally, they offer courses on budgeting and paying off your mortgage. They also offer a membership community for couples who want to manage money better, build wealth for their family, and work on their relationship.
Tai has got you covered if money has ever caused tension in your relationship.
4. Dr. Melody Wright
Dr. Melody Wright’s platform is designed to teach others to streamline their finances and reach their financial goals fast.
A Ph.D.-trained scientist turned financial educator and coach, Melody developed her own money management framework that helped her family pay off $100K in debt in less than three years. Now she helps people organize their financial lives through one-on-one and group coaching as well as hosting financial education workshops.
Melody is the woman to follow if you want to simplify your money management.
5. Melissa Jean-Baptiste
As a former high school teacher, Melissa Jean-Baptiste knows the importance of education. After graduating with her Master’s and accumulating six figures in student loan debt, she decided that her financial situation needed a reboot. She took charge of her financial life by increasing her financial literacy and eliminating her debt.
Melissa is the co-creator of Millennial in Debt, a financial literacy blog that is educating the masses in the digital financial space. She also has a YouTube channel with videos on various topics such as side hustles, debt management strategies, passive income, and investing.
She is also the author of the book So…This Is Why I’m Broke: Money Lessons on Financial Literacy, Passive Income, and Generational Wealth
If you’re looking to gain financial freedom and generational wealth, Melissa is the girl to follow.
6. Naseema McElroy
Having overcome $1M in debt in just two years, Naseema McElroy now helps other nursing professionals create financial freedom through her business and podcast, Financially Intentional.
During her early career, Naseema was making six figures but was still struggling with money. When she shifted her mindset and started being intentional with her money, her financial situation improved. She is now financially independent and wants to help others achieve the same.
She offers a free guide to help you get out of debt and an app to help you track your spending. Along with free resources, she is also the author of Smart Money, a step-by-step financial planner to help you crush your debt and the host of the podcast Financially Intentional.
If you need help taking control of your finances, Naseema can help.
7. Fo Alexander
As the founder of The Monetized Mom and a Certified Financial Education Instructor (CFEI), Fo Alexander’s mission is to see women of color, especially moms, make more money and lead debt-free lives.
Her business supports women who have climbed the corporate ladder, and achieved titles and high income but lack the time and lifestyle they truly desire.
For the women who have put so much work into building a life that is financially secure but not enjoyable, Fo’s Marketing and Business Accelerator will help you take your knowledge, and experience, and turn it into a profitable coaching or consulting business.
8. Rashida Herbers
Instead of dry and overly general financial advice, Rashida Herbers focuses her YouTube channel on giving you applicable money tips. She will help you transform your relationship with money, master budgeting, and even get started on investing.
Rashida has over two decades of investing experience, and she takes all she has learned to help you start building wealth.
If you’re confused about taxes, investing, and how to follow a budget, then Rashida has videos that break down those complicated topics into digestible and actionable steps to take charge of your money.
FAQs on Black women financial experts and wealth building
Here are some commonly asked questions about Black female finance experts!
Who are some other well-known Black women financial experts?
There are many other powerful Black women making waves in the financial space, including Lynette Khalfani-Cox (The Money Coach), Tonya Rapley of My Fab Finance, Tiffany “The Budgetnista” Aliche, and many others who are teaching financial literacy through books, courses, and speaking events.
Why is financial education important for Black women?
Financial education equips Black women with the tools to overcome systemic financial challenges, reduce debt, build wealth, and gain independence. It’s a powerful way to close the racial and gender wealth gaps that continue to persist.
How can I support Black women in finance?
Support by following their platforms, buying their books or courses, sharing their content, attending events they host, and recommending them for speaking opportunities or media features.
What are common financial challenges Black women face?
Black women often deal with wage inequality, higher student loan debt, limited access to capital for business funding, and discrimination in housing and lending. These challenges make financial education and community support especially critical.
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Check out what these financial experts have to offer!
These women are doing the work to further financial literacy in their communities! Each of these Black women financial experts produces consistent, valuable content to help you become better with your money and reach your financial goals!
