Chapter
The Importance of Circulating the Black Dollar
26:52 - 29:49 (02:57)
In every community except for the black community, the dollar circulates for at least 18 hours to 12 days. South Central L.A. has a lot of business owners and service people that contribute to circulating the dollar within the community.
Clips
The speaker is opening a grocery store in response to other stores shutting down in the area.
26:52 - 28:19 (01:27)
Grocery Store
Summary
The speaker is opening a grocery store in response to other stores shutting down in the area. He also shares that he learned that Trader Joe's only puts themselves in communities with high college graduate demographics.
ChapterThe Importance of Circulating the Black Dollar
Episode"Tiffany Haddish"
PodcastSmartLess
The circulation of money in the black community is significantly less as compared to other communities.
28:19 - 29:49 (01:30)
Black Community
Summary
The circulation of money in the black community is significantly less as compared to other communities. The dollar only circulates for six hours, whereas, other communities see it circulating from 18 hours to 12 days.