| abstract |
Promoting generational wealth, within a community that has been traumatized by money for hundreds of years, such as the African-American community, requires significant skill and expertise. It is not enough to teach this community financial literacy. It requires acknowledging and properly addressing the trauma of money and the root of that trauma. In addition, promoting generational wealth requires the senior leadership of the African-American church to implement Proverbs 13:22 "a good man leaves an inheritance for his children's children."
Through literary works of leading experts coupled with my legal and financial observations and expertise, this paper will not only discuss the lack of generational wealth and the trauma of money within the African-American community, but it also proposes a viable solution that the Black Pentecostal church can apply to uphold Proverbs 13:22. This solution is the T.I.M.E principle. T.I.M.E. stands for 1) Trauma Recognition; 2) Inner healing from the trauma of money; 3) Mindset management through financial literacy; and 4) Execution of one's estate and financial planning. In addition, the successful implementation of the T.I.M.E. has the potential to establish not-for-profit financial clinics.
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