O
n Corie Murray's "Black Men Sundays" podcast, entrepreneur Jamil Frazier shares his journey to building generational wealth. In a throwback episode from Season 5, Frazier discusses how he founded multiple companies and created scholarships for underprivileged students. He emphasizes the importance of partnering with local schools and communities to establish scholarship funds and encourages listeners to find their passion so they can connect with leaders in those fields.

    However, building wealth requires more than just networking. Frazier stresses that saving and investing are crucial components of financial success. He advises taking 10% of one's income for savings, another 10% for investments, and the remaining 70% for living expenses. Frazier recommends investing in various vehicles such as real estate, the stock market, and private equity, stating that all options can be effective.

    Frazier's philosophy is to invest consistently, regardless of the amount, and to give back through tithing or scholarships. He encourages listeners to start small and be consistent, saying "if you have some sort of income coming in, take 10% of that and start putting it away to save."