Based on Bank of America’s research, millennials are more financially savvy than we give them credit. They are actively seeking ways to experience FIRE (Financial Independence Retire Early). As more mature adults continue to connect on Facebook, millennials are leaving this social platform and gravitating to other social networks, like Instagram.
Instagram is not just selfies and food pics. This social network is also a great place to access practical and fun tips about personal finance, credit, and investing. Since 90% of Instagram users are younger than 35, businesses are using this platform to connect with millennial spenders, savers, and investors.
Even financial experts are using Instagram as financial influencers to educate followers about economic empowerment. Here are a few financial experts that are changing the IG financial literacy game for millennials.
7 Black Millennial Financial Experts to Follow on Instagram in 2019
Ash Exantus: @IAMAshCash
Ash Exantus, aka Ash Cash “The Financial Motivator,” is the author of numerous books, including The Wake Up Call: Financial Inspiration Learned from 4:44 + A Step by Step Guide on How to Implement Each Financial Principle and Making Sense of Kanye (West): A Spiritual Guide to Financial Freedom, Peace, Love, and Happiness. Exantus’s energy combined with his financial expertise excites everyone who listens to his personal finance and credit strategies.
“I blend psychology and personal finance with music, pop culture and relevant news to help people manage their money better in order to live the life that they want.” shares Exantus.
If you are in need of some serious money motivation, check out Exantus’s personal finance, credit, and mindset posts on Instagram at @IAmAshCash.
Anthony Copeman: @SharesTV
Anthony Copeman, a certified financial education instructor and founder of Financial Lituation, is the creator of $hares TV. $hares is an animated series dedicated to helping millennials make money work for them. The animated lessons are not only informative, but they are also funny and entertaining. $hares TV uses original music and gives different money tips via weekly episodes on Instagram. Each episode shares money tips based on the characters’ individual storyline and experience.
“I believe that our mindset is the primary currency for building wealth and money is second,” explains Copeman. “Through my animated series, I help viewers start the journey toward financial freedom through mindset, movement, money, and maintenance.”
If you love animated television shows and movies just as much as I do, you will love learning about money with Copeman’s animated series on Instagram at @SharesTV.
Choncé Maddox Rhea: @MyDebtEpiphany
Choncé Maddox Rhea, a certified financial education instructor (CFEI) and personal finance coach, has overcome many financial challenges. Rhea shares helpful tips to help ambitious millennials regain control of their money and live a life with more possibilities and fewer financial limitations. She uses her experience of paying off over $40,000 of debt to help people break through doubts and setbacks to restore financial confidence.
“I believe that we were meant to do more than just work and pay bills until we roll over and die. The real challenge is choosing your values and intentions for your future wisely,” explains Rhea. “Then, regaining control over your money so you can use it as a tool to create the life you truly want.”
For information, advice, and resources about improving your money mindset and managing your finances better, check out Rhea’s posts on Instagram at @MyDebtEpiphany.
Courtney Richardson: @TheIvyInvestor
Courtney Richardson, the founder of The Ivy Investor, is an attorney and former stockbroker and investment adviser. Through “The Ivy Investor,” Courtney provides resources for women seeking to learn about the investment world in ways that are easy to understand. Her unique and engaging style of breaking down the stock market, retirement, and college savings encourages everyone to take action.
“I have fun giving Wall Street advice in simple terms,” says Richardson.
For easy to understand investment advice for women, check out Richardson’s posts on Instagram at @TheIvyInvestor.
Kevin L Matthews II: @BuildingBread
Kevin L. Matthews II, a former financial adviser, is the author of Starting Point: How to Create Wealth that Lasts. Matthews has helped individuals and couples plan for their retirement in addition to managing more than $140 million in assets during his career as a financial adviser. Matthews, named one of the 2017 Top 100 Most Influential Financial Advisors by Investopedia, shares why he launched Building Bread® …
“My goal is to inspire millennials to set, simplify, and achieve any financial goal.”
If you are ready to take your finances to the next level, check out Matthew’s helpful investment and financial planning tips on Instagram at @BuildingBread.
Tela Holcomb: @TelaHolcomb
Tela Holcomb teaches how to “Trade Your 9 to 5®” by trading on the stock market. Holcomb, a six-figure stocks and options trader, believes that “anyone can learn the stock market when it’s put in plain English.” She uses her knowledge, experience, and every encounter with people whose lives she has touched to show how anyone can do what she has done.
Holcomb shares, “I’m not a stockbroker. I’m simply an ambitious mom and wife who will stop at nothing to build a legacy of wealth for my family without hustling so much that I never get to spend time with the people who matter most to me.”
To learn more about how to “Trade Your 9 to 5®” through stock market trading, check out Holcomb’s posts on Instagram at @TelaHolcomb.
Eric Patrick: @Black_Market_Exchange
Known as the Hip-Hop Stock Doc, Eric Patrick is the founder and chief investment educator of Black Market Exchange L.L.C. Patrick uses hip-hop and urban media to make investing fun and easy to understand.
“Whether I explain that choosing a broker is like choosing a music streaming service; or elaborate on how a company’s IPO (initial public offering) is like Lil Wayne dropping another Dedication or No Ceilings mixtape,” explains Patrick, “your boy has got you covered so you can understand the stock market and can start investing with confidence.”
For stock and investment tips with a hip-hop twist, check out Patrick’s posts on Instagram at @Black_Market_Exchange.
Black Enterprise Contributors Network