How to Create Generational Wealth for Black People
~ MORE THAN JUST CLASSROOM LEARNING ~
The World Academy for Innovation and Entrepreneurship (WAIE) is a 501(c)3 nonprofit, asynchronous, culturally responsive, digital learning, independent school that provides youth with real-world secondary and post-secondary education in an effort to create generational wealth for them and their families. However, WAIE is much more than just the academic knowledge provided to create generational wealth for Black people but a holistic and tailored approach to success for each young scholar!
Less Likely to Drop Out
Black students who have at least one black teacher are 13% more likely to enroll in college, and 39% less likely to drop out of school. However, 6.70% of teachers identify as Black. Less than the number of Black students in K-12 (15.73%). At WAIE, we plan to hire and retain educators who reflect and understand our students.
Want to Start a Business
72% percent of students want to start their own business one day. Entrepreneurship is the greatest equalizer in wealth disparity. Researchers found that the gap in average wealth between Black and White adults decreases from a multiplier of 13 to 3 when you compare the wealth of entrepreneurs by race. WAIE provides young scholars with the tools needed to start a business during school and after graduation from the community.
Assuming our Black students hire mostly Black people from their communities, it could reduce the rate of Black unemployment from 11.4% to about 5%. That would give even more people the chance to provide financial stability for their families, positioning them for success in life, while strengthening areas that need an economic boost.
Foundational Black/African American Generational Wealth Courses
WAIE decentralizes European thought and focuses on world culture and world education for our students along with STREAM for Environmental Stewardship, Holistic Health, and Innovation & Entrepreneurship curriculum. However, there are key courses that support the creation of generational wealth for Black people that both our young scholars and their families will have access to as a member of the community.
Middle-division courses serve students in grades 7 through grades 10 at WAIE.
- History of Melanated Entrepreneurship (7th)
- Innovation and Entrepreneurship (7th)
- Financial Literacy and Planning (7th)
- Innovation Ecosystem (8th)
- Writing a Business Plan (8th)
- Black Wall Street (8th)
- Business Communication (8th)
- Introduction to Marketing (8th)
- Social Media Marketing (8th)
- Brain, Mind, and Behavior (9th)
- Ethics and Information Technology (9th)
- Financial Accounting (9th)
- Consumer Math (9th)
- Managerial Accounting (10th)
Upper-division courses serve students in grades 11 through grades 14 (college sophomore) at WAIE.
- Building New Venture Teams (11th)
- Entrepreneurial Law (11th)
- Investment Management (11th)
- New Venture Financing (11th)
- Organizational Innovation (12th)
- Energy Entrepreneurship (12th)
- Intro to Land Management (12th)
- Intro to Operations Management (13th)
- Dynamics of the Family Firm (13th)
- Global Entrepreneurship (13th)
- Nonprofit Management (14th)
- Franchising (14th)
- Principles of Finance (14th)
- Prosperity and Generational Wealth (14th)
- Marketing Strategy (14th)
- Management Information Systems (14th)
- and more!
A Holistic Experience
As part of their time with WAIE in creating generational wealth for Black people, young scholars will also gain access to Mental Wellness Counselors, Career and College Readiness Counselors, our Food Security Program, Outdoor Leadership and Environmental Stewardship, our Self Defense program, and much more. We focus on supporting the whole child and their family in reaching a comfortable life.
Youth will have the option to continue a current or start a new business upon graduation from WAIE in an effort to create generational wealth.
Youth will have built a portfolio of expertise to help them secure work in different career pathways that have high potential for generational wealth creation.
Youth may choose to continue on to an institution of higher education at graduation to gain further knowledge in careers with high generational wealth potential.
Next Steps for “Create Generational Wealth for Black People”
We invite you to learn more about our plans to help create generational wealth for Black people (Foundational Black/African Americans) by educating and supporting youth. You’ll see our plans to build a school, provide housing for homeless Black youth, and build an Innovation and Entrepreneurship Center for youth to grow their business and hold events.