These are the types of gifts we want to give! A mom half-went to an investment property with her daughter for her birthday.
Kezia M. Williams is the founder of The Black upStart, a training organization for black entrepreneurs and creator of the “My black receipt” movement, which is dedicated to encouraging people to spend their money with black businesses by asking them to upload receipts for their purchase.
Recently, Williams took to social media to share some solid financial advice, tweeting “Every Black Family Should Own an LLC.” As well as another tweet listing things every black family should own, including land. , real estate and an investment circle. To put her money where it is, Williams revealed that on her birthday, her mother had half walked her along to buy an investment property that will live in the trust of their family. She went on to explain that during the Thanksgiving vacation, her family decided to start an LLC for the sole purpose of purchasing physical and digital real estate.
“Over Thanksgiving I sat down with my aunt and cousins and we started a Family LLC… every month 10 members will contribute $ 250 and three will contribute $ 1,000 per month. Our main focus will be on buying multi-units in Richmond starting at the end of 2022, where our legacy has spanned five generations of Let’s Do, ”Williams wrote.
Williams said her mother is one of 8 children and each of the siblings and their children are now adults learning some level of skills from finances to carpentry and safety it made sense to cultivate their resources to increase their financial capacity. as a collective. Williams called her mother a “first generation wealth maker,” who put each of her siblings first as a homeowner.
She went on to praise her mother’s efforts, writing: “The first to graduate, to own real estate, to sell real estate, to operate commercial properties, to pay for part of my college education with bonds and investments, establish a trust and achieve a credit score of 850.. “
The new investment property that Williams now shares with her mother will be the first to be owned by the Faison Estates family. She encouraged everyone to use the holidays as a time to come together with intention and really set collective goals as black families.
“The holidays serve to level the family patrimony. The holidays are for bold conversations about family cash flow, ”she wrote.
Williams now feels it is his duty to take his mother’s job to the next level for the good of the whole family.
“My legacy is his knowledge and now the willingness to upgrade all of our last namesake so that the whole family can be the first and next for generations to come,” said Williams.
You can follow Kezia and her mom’s journey through Instagram @KeziaMW.
Photo courtesy of @ keziamw / Instagram