Empowering Your Finance

"The Road to Financial Empowerment"
 

"Hi there! I'm Darnell, and I'm excited to walk with you on your journey along The Road to Financial Empowerment—where we unlock true financial freedom together!"

What did we learn from the stock market crash of 2008? During the crash of 2008, many middle- and low-income families lost their jobs, homes, and retirement, small businesses went bankrupt, and corporations needed bailouts. Eventually, many individuals, families, and corporations had to file bankruptcy.

Okay, fast forward to 2019, the International Monetary Fund reported the global economy was going through an economic slowdown. The economy was growing at its slowest pace since the crash of 2008. Then, the 2020 stock market crashed due to the result of the COVID-19 pandemic. COVID-19 accelerated the economic collapse. History has repeated itself: massive unemployment, individuals and families unable to pay rent or mortgages, corporations and small businesses seeking bailouts, and individuals and families receiving stimulus checks.

"Have we truly learned from the 2008 crisis—or did we watch it unfold again in 2020?" I believe many individuals and families learned from the market crash in 2008 and took corrective measures, except for some corporations that took their bailout and bought their stock buybacks. But, the economic data shows that most Americans did not learn from the market crash in 2008. They continue their spending habits, creating more debt, not building an emergency fund for unexpected events, and not saving in the long term in case of job loss.

We live in a service economy with low wages. We have an income disparity gap where the wealthy are among the few, which has forced most Americans not to make adjustments in their spending when living from paycheck to paycheck. 

I decided to launch a social media platform. To educate, counsel, and coach individuals and families on financial empowerment, personal financial education, financial counseling education, college planning education, retirement planning education, and how current business and economic news can affect your finances. The title of that social media platform is Empowering Your  Finance.

"At Empowering Your Finance, we follow our 'Building a Personal Financial Foundation' philosophy—designed to inspire and equip you to pursue your financial goals and live life on your terms, no matter the state of the global economy."

"Let's Grow Financially Together"

Darnell Frazier, RFC®, CPRS™, CCFC, CFEI®

Financial Educator and Financial Coach

"Every time you borrow money, you're robbing your future self." --Nathan W. Morris