Welcome back to Sister Circle Live. Black Enterprise is reporting that African-American wealth will fall to zero, like 2053. Our next guest is working to make sure that doesn't happen to her family and yours. Please welcome owner of Sprinkle of Jesus and the Black Own Online Beauty Supply Store, Curl Bible Dana Chanel to the second. Yeah! Welcome to the show, beautiful. And I clap for myself. Yeah, I clap for myself. Yeah, I clap for myself. Okay, so you heard that statistic by 2053 Black wealth zero. What does that make you feel like when you think about that stat? Well, first I think it's preposterous. Yes. Because I'm just like, you know, I never going back to where I came from. I'm not a part of that zero percent. Yes. And either the people that are rocking with me, so what's interesting is I don't believe that I can change the world and actually changing the households that make up the world. Yes. And for me, when I think about the businesses that we've built, I remember having like a real conversation with my family. Yeah. And we took a drive down the hood and we started writing down every single business that we realized haven't moved in years. So the tax preparation, the credit repair, the beauty supply store. And so we started mastermining ways that we can build up the business, make it successful, and then build up the blueprint so that we can give it to families like ours. Because the problem is that, not that we're not capable of. We're literally building corporate corporations. We're literally sitting at those tests, sitting at those tables, building corporations. The problem is there was a lack of leadership in the home when it came to having the answers. So our black families, our Hispanic families don't have the answers. And so if it takes my family to go ahead and do all that, we can to create a foundation to distribute and license out businesses with the blueprint, then that's what's gonna happen. And that's, that's the cystic ain't true. Yeah, my life's dead. Look at this. I'm gonna get out of this table. I wanna talk to the little college children right now who they are just overzealous, you know, degree in hand, gonna get my future, gonna get a job. And it just, sometimes just doesn't happen in reality sets in, and it's just not enough to sustain them. So what do you, what do you propose to change this? I don't try to fight the inevitable. I try to take responsibility. And I believe that these parents are watching their kids have a great time at home coming. They believe in their kids, but I would say more importantly, go have a plan for them when they leave and when they get out. Maybe you have not yet had a plan for yourself, but now it takes time. It's the time to be responsible. And that's what we're doing, for example, I've jumped in Jack Tax, right? What we realize is it's a billion dollar industry. But yet why is it that the billion dollar industry, there's no black owned tax corporations that's literally giving people the opportunity to make money in this country. That it's inevitable. And so I would just really encourage every single parent, please know that you sending your child off to the world to be raised is no better than them just having stayed at home. Oh, come on somebody. No, for real. And so like, I would just say parents, like, please, if you're not useful, you're useless, use my family. And we're sitting here teaching you how to build a tax corporation, how to open a beauty supply store, how to build a business, which then grants automatic access to financial stability once your kids come home. Because you set them up for failure to be honest with you, if you don't have a plan on how they're going to pay these loans back. Well, after the parents are not educated on how to go by doing things. So I think that's kind of where we saw the disconnect with our black families. The beauty supply, this is just a secondary question I have. Are they brick and mortar, or are they all online that you're teaching? It's online. And so we will indeed be licensing it out to become brick and mortars. Because I think it's extraordinary how, if you look at the Asian brick and mortars, when was the last time you all saw advertisement? You haven't. No, you haven't. But yeah, we go into them every single day. So I could exchange and offer the blueprint to black women on how to open up beauty supply stores. Then boom, we can start exchanging and changing the narrative in our communities. And so for us, I just want to make sure I understand that our parents didn't have the information. But once again, times are adapting. There's that thing called the internet where I'm making more money than most. And I'm saying it's so proud and so humble because that thing today, I'm willing to distribute the wealth. Right, those are two different things. There's people that are hoarding it and not willing to distribute it. And we're willing to teach it. We want you. We have to. I'm going to be honest with that statistic. It may be their fact, but it's not our truth. Right, right. So if we are going to sit there and say, let's have, like, I'm tired of being those fake woke people. Let's actually do what's necessary to educate each other and let me put you on. Yeah. I'm not sure you will take the necessary steps. Because then there's that. Well, speaking of being woke, congratulations on your article down to the Forbes magazine. Thank you so much. And I'm going to cry out of you. I'll watch your chant. I'll watch your social media, your social media page on Instagram. And I'm so proud of you as a millennial, you and your husband are just awesome, a wonderful example of Black love and Black love and wealth. And speaking of wealth and generational wealth, we, Ms. Kwad, just talked about how the families are not educated. Like, our parents don't know, so then they couldn't teach us. I mean, I can just think of things myself. Like, my mama didn't know that her mother's mother didn't know that because there's an old school cultural type of, you know, mindset. Yes, mindset that has been embedded in our culture. So can you explain to the people what exactly is in your opinion generational wealth and how can young people take the steps to achieve it for themselves? Me not starting from the bottom. Because there was a lot of information, even my mom alone, could have taught me, but decided not to, from the simple things of credit and having conversations about a more of the age and why she was renting her entire life. And so for me, I feel like we need to build up the communication in our households. And I'm going to be honest, lady. The only reason that I'm sitting here today is because I was raised by an extraordinary man who took the time to pour into me, even if it was knowledge on how to get money from the streets. Do you get what I'm saying? And so for us, I think it's very, very important that let's talk about these things. And if you don't have the answer, then come get them from people who do. Stop taking advice from people we don't aspire to be like. Even when it comes to our findings. Absolutely. Dana, you have given us a wealth of knowledge today. Thank you so much for telling us. Thank you. And representing like you do, please make sure you follow her on Instagram at Dana Chanel. Let's give it up for this amazing, lovely, good job what she's doing.