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Black History Month is a celebration for African-Americans who have paved or are paving the way for future generations. We collaborated with several finance influencers who are making a difference throughout their community and beyond. We asked those same influencers to share their thoughts about generational wealth, legacy building, the Black dollar, and more. 



Mykail James, also known as The Boujie Budgeter, is the founder of Boujie Budgets, LLC. James created her online platform to help Gen Z and Millenial professionals to finance their best life. She teaches finance in a fun and relatable way to help her clients grasp several money concepts such as; student loan repayment, budgeting, saving, and investing. Her teaching methods make finances simple and easy to learn.


Check out Mykail James’ answers to our Black History Month finance questions below. 


Q1: What is the significance of the Black dollar to you?


The Black dollar is the most powerful form of currency. Black dollars built cities, towns, hospitals, schools, and churches when we were not allowed in white spaces. The Black dollar controls pop culture, the beauty industry, and fashion. It has shaped history, swayed elections and will always hold the most power.


Q2: What does a financial legacy look like for you?


A financial legacy that I intend to create is one that helps and inspires those that look like me. I would love to make a financial impact on college students through a scholarship program as well as building a company that can sustain and continuing educating young professionals well after I am gone.


Q3: How are you working toward building generational wealth for your family?


Generational wealth has already started in my family. My parents worked hard to provide and give me the opportunities I am blessed with. It is now my job to continue with what they have given to me and make more. It takes three generations to create long-lasting family wealth. I am laying the foundation for my nieces and nephews to have even more access than I started with.


Q4: Share lyrics that speak to your financial philosophy.


"If you off the chain, stay ahead of the game. Save up, buy a condo" -Trina, “Da Baddest”


Q5: What is the biggest financial lesson that you have learned?


Be confident in your financial decisions. There are so many opposing ideas and information available that you can suffer from decision fatigue. Having too many options can make you less likely to go with your gut. There is no right or wrong answer when it comes to your personal finance because it is personal. You must decide how fast or slow you want to hit your goals and go with your gut. There is no such thing as a perfect decision.



To learn more about Mykail James, visit her website or follow her on Instagram.

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