Moneda Moves (139): It Was The Eve of Latinx Heritage Month...
We’ve arrived at the eve of Latinx Heritage Month and if the last few weeks have been an indication, this one will be one for the books! The next four weeks will provide media opportunities in mass to our community-owned business, leaders and creators of all industries. But truthfully, we’ve just struck the tip of the iceberg when it comes to the vision for amplifying and sustainably supporting our Latinx community. Here at Moneda Moves, we envision a future where we see this kind of support and investment 365 days a year, especially when it comes to our power in the American economy, because that’s just the kind of energy we deserve.
The future is going beyond a government-designated holiday to highlight the fact that it is our cohort that:
Is 62 million strong in the US, having grown more than 20% in the last decade
Makes the 8th largest GDP in the world, with a total economic output of $2.6 trillion in 2018
Representing 34% of new businesses generated from 2010-2020
I also would be remiss if I didn’t shout-out my peer and professional business advisor, Ashley K. Stoyanov Ojeda, who made this needed observation on LinkedIn:
As someone who has worked full-time in journalism, I can attest to the fact: The stories we tell matter. The stories mass media shares matter. They influence perception to very tangible things, like decision-makers of policy and investment. With the impact that our Latinx cohort does to drive economic impact in the US, it is critical that our media reflect these truths, not just one month a year, but on the daily. This is just one of the reasons why we’re in the business of making Moneda Moves, and why we’re thrilled to see so many new media ventures step up to the mission: To build for the kind of future we envision and one that fairly represents our very diverse Latinx cohort in the U.S. Vamos adelante.
Con poder,
Lyanne
Headlines to put on your radar.
Wealth Building In A Recession (IG Live recap): Last week, we had an Instagram Live conversation with Pablo Torres, founder of Pablo Wealth Talks, a series for accessible financial literacy education in Chicago (with their newest event incoming — more on this later in this newsletter).
Here’s a few takeaways from our discussion on preliminary ways to build wealth in a recession:
Normalize the conversation around building wealth
Have a growth mindset, invest in your education and identify areas where your money can start working for you
Explore ways to inflation-proof your money. Food for thought: The consumer price index, which tracks a broad swath of goods and services, increased 0.1% for the month and 8.3% over the past year.
Assess your finances, inclusive of: Income, expenses, savings and investments
Identify options to create value and equity over time
Real estate, another tool that people can use on their journey to build wealth is one that Pablo will cover in his upcoming Chicago panel on September 22. To follow and learn more about the workshop, see his Instagram page here.
Thank you for joining us! Until next week, catch us here on Moneda Moves.