Episode Number: 137

Episode 137-The Black Tax: The Cost of Being Black in America with Shawn Rochester

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Did you know that after ~400 years of being in the US, African Americans in the United States only own two percent of U.S. wealth? This week on the Journey to Launch podcast, my guest, Shawn D. Rochester talks about how this dismal stat came to be with data-based research and discusses what we can do about it using concrete solutions.
Shawn is the CEO of Good Steward, LLC and author of The Black Tax: The Cost of Being Black in America.  In his book and presentations at Google, and several universities across the United States, Shawn examines the true cost of being Black in America. He outlines what factors impact the Black community and explains how you can help close the wealth gap.

Everyone must listen to this episode. I hope this interview sparks powerful conversations, deep thought, and inspires you to build black wealth and make strides to level the economic playing field.

In this episode you will learn:

  • What is the Black Tax and how it’s impacting your wealth
  • How to identify unconscious vs. conscious bias
  • Why hard work is not the key to success and what resources you really need
  • Concrete ways you can close the wealth gap 
  • How to apply Shawn’s PHD strategy to create jobs, capital, and thriving black communities, and so much more


You can watch this interview with Shawn Rochester on youtube by clicking here.

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Other related blog posts/links mentioned in this episode:

Check out Shawn’s talk at Google, which has had over 200,000 views and sparked a lot of conversations about the real cost of being Black in America.

Go to to join me at the Financial Freedom Summit in May.

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Connect with Shawn Rochester:


Twitter: @BlackTaxed



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