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Wealth building with Phillip Washington Jr.

Phillip Washington Jr. smiles for the camera, his hand partially covering his mouth while he leans back in a chair.
Courtesy of Phillip Washington Jr.
The Houston-native is the CEO and Chief Investment Officer of Stone Hill Wealth Management, a registered investment advisory firm.

On this edition of In Black America, producer/host John L. Hanson Jr. speaks with Phillip Washington , Jr., CEO and Chief Investment Officer of Stone Hill Wealth Management, and host of Wealth-Building Made Simple podcast. 

African American families have significantly less wealth than White families, even after reaching the middle class. Data from the 2019 Survey of Consumer Finances shows that the average African American family had a median net worth of $24,100, compared to $189,000 in the average white family.

Washington talks about redefining financial freedom, understanding the changing nature of wealth, and the importance of investing and understanding your emotions with money.

John L. Hanson is the producer and host of the nationally syndicated radio series In Black America. It’s heard on home station KUT at 10 p.m. Tuesdays and 6:30 a.m. Sundays — and weekly on close to 20 stations across the country. The weekly podcast of IBA, the only nationally broadcast Black-oriented public affairs radio program, is one of KUT’s most popular podcasts.
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