In this episode of "Financial Freestyle with Ross Mac," Ross Mac takes a look back at some noteworthy moments from the show. First, TIAA Chief Administrative Officer Derek Ferguson discusses some factors for achieving financial stability. "The problem we’re facing," Ferguson notes, is that "it’s just a generational deficit if we can’t retire the right way." Ferguson explains that "there’s really three gaps that we think about. We think about the access gaps… the savings gap… [and] the guaranteed gap… This is that guaranteed lifetime income." Next up, MacArthur Fellow and Peabody Award winner Majora Carter discusses "low status communities," what the phrase "greening the ghetto" means, and the Majora Carter Group’s misson. "The kind of places that people usually call the poor or underprivileged, disadvantaged… we use the term low-status communities to describe them," Carter says. "The real crux of the matter is people will tend to look at those communities as places that you wanna measure success by how far you get away from them." "Why are we not creating… the right kind of infrastructure in those communities to make people want to stay and invest in their own communities? And I think we can do that through what we call a talent retention approach to community development," Carter adds. "Greening the ghetto was about… the literal green. Here we were this, this literally environmentally ravaged community… So greening literally meant like adding more green to our community as a way to purify the air deal with the issues around urban heat island effect," Carter explains Finally, Grammy-nominated artist and tech entrepreneur Ryan Leslie shares his journey from the music industry to running technology startup SuperPhone and an investment club. "There are so many amazing nuances, especially now in modern technology… You have so much available to you in terms of the instruments that you can invest and use to trade and create income for yourself," Leslie notes, "it’s a crazy maze to navigate." "When we think about investments just in general, it’s not just about buying stocks, it’s also where you’re putting your time, where you spending your time, and there’s a difference between spending time and investing time," Leslie adds. "Financial Freestyle with Ross Mac" on Yahoo Finance is dedicated to promoting economic prosperity for all. Through expert insights, practical advice, and inspiring success stories, we empower you to build and grow wealth.
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