{"id":1668,"date":"2020-01-30T14:44:15","date_gmt":"2020-01-30T14:44:15","guid":{"rendered":"https:\/\/www.foundla.org\/new\/?p=1668"},"modified":"2020-09-26T01:20:52","modified_gmt":"2020-09-26T01:20:52","slug":"the-path-to-wealth","status":"publish","type":"post","link":"https:\/\/www.foundla.org\/new\/the-path-to-wealth\/","title":{"rendered":"The Path to Wealth: Small Business Ownership"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;3.22&#8243;][et_pb_row _builder_version=&#8221;4.6.2&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; hover_enabled=&#8221;0&#8243; width=&#8221;100%&#8221; sticky_enabled=&#8221;0&#8243;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.6.2&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h2 style=\"text-transform: uppercase; letter-spacing: 3px; text-align: left;\"><strong>Small Business News<\/strong><\/h2>\n<p>Wealth means more than just money: it also means having the resources to keep yourself and your family healthy and stable. And according to this article by Assetfunders, the best way to build a path to financial stability is to <a href=\"https:\/\/assetfunders.org\/blog\/small-business-big-impact-philanthropys-untapped-opportunity-to-advance-health-and-equity\/\" rel=\"noopener noreferrer\" target=\"_blank\">own a small business<\/a>.<\/p>\n<p><a href=\"https:\/\/www.census.gov\/programs-surveys\/sipp\/data\/datasets.2008.html\" rel=\"noopener noreferrer\" target=\"_blank\">According to the census<\/a>, households that own a business hold more than twice (!!) the wealth of their peers who are employees. And while white men still are at the top of the wealth hierarchy, owning a small business has been proven to narrow the racial income back more than any other factor.<\/p>\n<ul>\n<li>Black business owners are seven times wealthier than their wage-earning peers;<\/li>\n<li>Latinx business owners hold roughly four times as much wealth as non-business owners;<\/li>\n<li>Business-owning households hold more than twice the wealth of their wage-earning peers.<\/li>\n<\/ul>\n<p>And although white adults still have 13 times the amount of net wealth as their non-white peers, that figure drops to three when you compare them with small business owners (<a href=\"https:\/\/aeoworks.org\/images\/uploads\/fact_sheets\/AEO_Black_Owned_Business_Report_02_16_17_FOR_WEB.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">according to AEWORKS Black Business Owner report<\/a>).<\/p>\n<p>Today, almost 100 million people either own or work for a small business. 43% of these small businesses are in low-wealth communities. So that neighborhood dry cleaners, the mom &amp; pop sandwich shop, and the vintage clothing store in your area are not only convenient, they are crucial paths to long-term health and wealth for entire communities: as proven by the many studies referenced in this <a href=\"https:\/\/assetfunders.org\/blog\/small-business-big-impact-philanthropys-untapped-opportunity-to-advance-health-and-equity\/\" rel=\"noopener noreferrer\" target=\"_blank\">Asset Funders Network report<\/a>. When the people who invest money for a living say that small businesses are the best use of their wealth, pay attention!<\/p>\n<p>So if you are a wage-earner and are thinking about making the leap to starting your own business, you could be on the road to empowering your entire community. And if you have the opportunity to buy a coffee from that local mom &amp; pop shop or a large chain we shall not name, think about where your dollars are going, and who you really want to support.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.6.2&#8243; _module_preset=&#8221;default&#8221;][et_pb_column _builder_version=&#8221;4.6.2&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.6.2&#8243; _module_preset=&#8221;default&#8221; width=&#8221;100%&#8221; module_alignment=&#8221;center&#8221; custom_margin=&#8221;||||true|false&#8221; custom_padding=&#8221;30px|30px|30px|30px|true|true&#8221; hover_enabled=&#8221;0&#8243; border_width_all=&#8221;2px&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<p style=\"text-align: center;\">When the people who invest money for a living say that small businesses are the best use of their wealth, pay attention!<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Small Business News Wealth means more than just money: it also means having the resources to keep yourself and your family healthy and stable. And according to this article by Assetfunders, the best way to build a path to financial stability is to own a small business. According to the census, households that own a business hold more than twice (!!) the wealth of their peers who are employees. And while white men still are at the top of the wealth hierarchy, owning a small business has been proven to narrow the racial income back more than any other factor. Black business owners are seven times wealthier than their wage-earning peers; Latinx business owners hold roughly four times as much wealth as non-business owners; Business-owning households hold more than twice the wealth of their wage-earning peers. And although white adults still have 13 times the amount of net wealth as their non-white peers, that figure drops to three when you compare them with small business owners (according to AEWORKS Black Business Owner report). Today, almost 100 million people either own or work for a small business. 43% of these small businesses are in low-wealth communities. So that neighborhood dry cleaners, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2465,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"<div class=\"light-full-width move-up\">\n<p class=\"plarge\">The Path to Wealth:\nSmall Business Ownership<\/p>\n\n<div class=\"clearfix\"><\/div>\n<\/div>\n<div class=\"smltxt\">\n<h2 style=\"text-align: center;text-transform: uppercase;letter-spacing: 3px\"><strong>Small Business News<\/strong><\/h2>\n<p style=\"font-size: 16px\">Wealth means more than just money: it also means having the resources to keep yourself and your family healthy and stable. And according to this article by Assetfunders, the best way to build a path to financial stability is to <a href=\"https:\/\/assetfunders.org\/blog\/small-business-big-impact-philanthropys-untapped-opportunity-to-advance-health-and-equity\/\" rel=\"noopener noreferrer\" target=\"_blank\">own a small business<\/a>.<\/p>\n<p style=\"font-size: 16px\"><a href=\"https:\/\/www.census.gov\/programs-surveys\/sipp\/data\/datasets.2008.html\" rel=\"noopener noreferrer\" target=\"_blank\">According to the census<\/a>, households that own a business hold more than twice (!!) the wealth of their peers who are employees. And while white men still are at the top of the wealth hierarchy, owning a small business has been proven to narrow the racial income back more than any other factor.<\/p>\n<p style=\"font-size: 16px\"><\/p>\n\n<ul>\n \t<li>Black business owners are seven times wealthier than their wage-earning peers;<\/li>\n \t<li>Latinx business owners hold roughly four times as much wealth as non-business owners;<\/li>\n \t<li>Business-owning households hold more than twice the wealth of their wage-earning peers.<\/li>\n<\/ul>\n<p style=\"font-size: 16px\">And although white adults still have 13 times the amount of net wealth as their non-white peers, that figure drops to three when you compare them with small business owners (<a href=\"https:\/\/aeoworks.org\/images\/uploads\/fact_sheets\/AEO_Black_Owned_Business_Report_02_16_17_FOR_WEB.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">according to AEWORKS Black Business Owner report<\/a>).<\/p>\n<p style=\"font-size: 16px\">Today, almost 100 million people either own or work for a small business. 43% of these small businesses are in low-wealth communities. So that neighborhood dry cleaners, the mom &amp; pop sandwich shop, and the vintage clothing store in your area are not only convenient, they are crucial paths to long-term health and wealth for entire communities: as proven by the many studies referenced in this <a href=\"https:\/\/assetfunders.org\/blog\/small-business-big-impact-philanthropys-untapped-opportunity-to-advance-health-and-equity\/\" rel=\"noopener noreferrer\" target=\"_blank\">Asset Funders Network report<\/a>. When the people who invest money for a living say that small businesses are the best use of their wealth, pay attention!<\/p>\n<p style=\"font-size: 16px\">So if you are a wage-earner and are thinking about making the leap to starting your own business, you could be on the road to empowering your entire community. And if you have the opportunity to buy a coffee from that local mom &amp; pop shop or a large chain we shall not name, think about where your dollars are going, and who you really want to support.<\/p>\n\n<\/div>\n<div class=\"rectangle-dark\">\nWhen the people who invest money for a living say that small businesses are the best use of their wealth, pay attention!\n<div class=\"clearfix\"><\/div>\n<\/div>\n<div class=\"light-full-width\" style=\"padding-top: 10px\">\n[one_half padding=\"60px 0 0 0\"]\n<p style=\"font-size: 24px;color: #2e404d\"><\/p>\n<p style=\"font-size: 20px;color: #2e404d\">Sign up for updates from <strong>FOUND<\/strong>\/LA<\/p>\n\n\n[\/one_half][one_half_last padding=\"25px 0 0 0\"]\n<div class=\"frmbox\">[gravityform id=\"1\" title=\"false\" description=\"false\" ajax=\"true\"]\n<div class=\"clearfix\"><\/div>\n<\/div>\n[\/one_half_last]\n<div class=\"clearfix\"><\/div>\n<\/div>","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-small-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Path to Wealth: Small Business Ownership - Found\/LA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.foundla.org\/new\/the-path-to-wealth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Path to Wealth: Small Business Ownership - Found\/LA\" \/>\n<meta property=\"og:description\" content=\"Small Business News Wealth means more than just money: it also means having the resources to keep yourself and your family healthy and stable. And according to this article by Assetfunders, the best way to build a path to financial stability is to own a small business. According to the census, households that own a business hold more than twice (!!) the wealth of their peers who are employees. And while white men still are at the top of the wealth hierarchy, owning a small business has been proven to narrow the racial income back more than any other factor. Black business owners are seven times wealthier than their wage-earning peers; Latinx business owners hold roughly four times as much wealth as non-business owners; Business-owning households hold more than twice the wealth of their wage-earning peers. And although white adults still have 13 times the amount of net wealth as their non-white peers, that figure drops to three when you compare them with small business owners (according to AEWORKS Black Business Owner report). Today, almost 100 million people either own or work for a small business. 43% of these small businesses are in low-wealth communities. So that neighborhood dry cleaners, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.foundla.org\/new\/the-path-to-wealth\/\" \/>\n<meta property=\"og:site_name\" content=\"Found\/LA\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-30T14:44:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-26T01:20:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.foundla.org\/new\/wp-content\/uploads\/2020\/09\/compton-1024x397-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"397\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"foundla_6l3qr8\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"foundla_6l3qr8\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.foundla.org\\\/new\\\/the-path-to-wealth\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.foundla.org\\\/new\\\/the-path-to-wealth\\\/\"},\"author\":{\"name\":\"foundla_6l3qr8\",\"@id\":\"https:\\\/\\\/www.foundla.org\\\/new\\\/#\\\/schema\\\/person\\\/b058dbc08b49f7d295aaf4b9653b4560\"},\"headline\":\"The Path to Wealth: Small Business Ownership\",\"datePublished\":\"2020-01-30T14:44:15+00:00\",\"dateModified\":\"2020-09-26T01:20:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.foundla.org\\\/new\\\/the-path-to-wealth\\\/\"},\"wordCount\":485,\"image\":{\"@id\":\"https:\\\/\\\/www.foundla.org\\\/new\\\/the-path-to-wealth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.foundla.org\\\/new\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/compton-1024x397-1.jpg\",\"articleSection\":[\"Small Business News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.foundla.org\\\/new\\\/the-path-to-wealth\\\/\",\"url\":\"https:\\\/\\\/www.foundla.org\\\/new\\\/the-path-to-wealth\\\/\",\"name\":\"The Path to Wealth: Small Business Ownership - 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