Why Traditional Advice Fails First-Gen Wealth Builders

This episode pulls no punches. We’re talking about the realities of first-generation wealth building, the systemic oppression that keeps people stuck, and the truth about how legacy gaps can transform into generational growth.

I sit down with Dr. LaTanya White—researcher, entrepreneur, and unapologetic truth-teller—to dissect why traditional wealth advice doesn’t work for everyone. We break down the weight of starting from scratch, the emotional toll of being the first in your family to build wealth, and why community is the key to not burning out along the way.

We cover the myths the media pushes—like “everyone has the same opportunity” or “just invest and wait”—and we shred them with real research and lived experience. From the collapse of the Freedman’s Bank to the unseen wealth of America’s richest families, we connect the dots on why so many are left behind and how to fight back with knowledge and resilience.

Most importantly, Dr. White shares actionable steps: what to read, how to build a vision for wealth, and how to start documenting your family’s story today. Because wealth isn’t just about money—it’s about knowledge, forgiveness, and community.

If you’re tired of the same recycled advice that ignores your lived reality, this episode will hit you hard. Watch the full video here: https://youtu.be/KeVp7aHgAnk

As always we ask you to comment, DM, whatever it takes to have a conversation to help you take the next step in your journey, reach out on any platform!

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DISCLOSURE: Awards and rankings by third parties are not indicative of future performance or client investment success. Past performance does not guarantee future results. All investment strategies carry profit/loss potential and cannot eliminate investment risks. Information discussed may not reflect current positions/recommendations. While believed accurate, Black Mammoth does not guarantee information accuracy. This broadcast is not a solicitation for securities transactions or personalized investment advice. Tax/estate planning information is general - consult professionals for specific situations. Full disclosures at www.blackmammoth.com.