27: Three Asset Classes That People Use to Build Net Worth Presented by Keith Kelley, Retired Financial Analyst and CPA

As part of the CC: America E-FIT Series, Keith Kelley, Retired Financial Analyst and CPA, provides an overview of three asset classes that people use to build net worth. You may recall his special presentation on Dr. Martin Luther King Jr. Day discussing his perspective on why black net worth is significantly less than white net worth and what we can do personally to close the gap (episode 25). These nuggets of wisdom aren't only meant to educate, they are meant to inspire change which ultimately leads to transformation.

 

One of the asset classes that Keith mentions is stocks. If you've been watching this week's news you probably saw first hand how supply and demand resulted in GameStop stock rising more than 14,000% based on the social experiment led by Reddit users from the r/WallStreetBets forum. While this social experiment proved very lucrative for some, there are a lot of people who may have missed the wave due to lack of information, knowledge or understanding about how the stock market works as well as available funds to invest. While Keith doesn't discuss this particular stock, he helps everyday people understand in basic terms how assets like stock can help increase their overall net worth.

 

I promise this will be 10 minutes well spent.  

 

Disclaimer: This presentation is informational in nature only and is not meant to provide financial advice.

 

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