Garrett Neiman

And if those resources were invested in marginalized communities that have historically been locked out of wealth building opportunities, that would make an enormous difference. And there's efforts now like the Mayors for a Guaranteed Income that I think over 100 mayors have signed on to now to run these pilots in their communities. And what they're finding is

And if those resources were invested in marginalized communities that have historically been locked out of wealth building opportunities, that would make an enormous difference. And there's efforts now like the Mayors for a Guaranteed Income that I think over 100 mayors have signed on to now to run these pilots in their communities. And what they're finding is

When people who don't have wealth have an extra $500 a month, $1,000 a month, they're able to make better decisions, decisions that better suit them for the long term. The same way that a cash-strapped business is going to have a hard time focusing for the long term, the same thing is true for families that don't have wealth. Families that get these stipends are able to do things like

When people who don't have wealth have an extra $500 a month, $1,000 a month, they're able to make better decisions, decisions that better suit them for the long term. The same way that a cash-strapped business is going to have a hard time focusing for the long term, the same thing is true for families that don't have wealth. Families that get these stipends are able to do things like

take a day off and interview for another job that pays better and is a better fit for their skills or, you know, to invest in continuing education or whatever it may be, that there's all of these different opportunities that are available to folks once they're not quite so cast out.

take a day off and interview for another job that pays better and is a better fit for their skills or, you know, to invest in continuing education or whatever it may be, that there's all of these different opportunities that are available to folks once they're not quite so cast out.

This was one of the more interesting aspects of my journey into this is that I think luck is often, maybe not always, but I think most of the time, good luck has something to do with a powerful person making a decision that benefits us. Things that felt like serendipity, there really is a component of power attached to it. So what's your definition of luck?

This was one of the more interesting aspects of my journey into this is that I think luck is often, maybe not always, but I think most of the time, good luck has something to do with a powerful person making a decision that benefits us. Things that felt like serendipity, there really is a component of power attached to it. So what's your definition of luck?

For the most part, I think luck is when a powerful person, usually a rich white man, makes a decision that benefits us.

For the most part, I think luck is when a powerful person, usually a rich white man, makes a decision that benefits us.

Yeah, absolutely. It's a really good question. And I like your definition of luck. And maybe it's even better than my definition. Actually, I've heard this one before. And I think, yes, the preparation matters. And that preparation doesn't necessarily yield the same things for everybody. And I think about You know, my great grandfather, for example, who immigrated to the U.S.

Yeah, absolutely. It's a really good question. And I like your definition of luck. And maybe it's even better than my definition. Actually, I've heard this one before. And I think, yes, the preparation matters. And that preparation doesn't necessarily yield the same things for everybody. And I think about You know, my great grandfather, for example, who immigrated to the U.S.

to escape persecution as a Jew from the Russian czar. You know, and he he worked in the steel mills in Ohio as a 12 year old, you know, eventually found his way to starting a business. He ended up. buying and running a pickle plant that was the family's business that eventually led to real estate being acquired that provided the foundation of wealth for my family.

to escape persecution as a Jew from the Russian czar. You know, and he he worked in the steel mills in Ohio as a 12 year old, you know, eventually found his way to starting a business. He ended up. buying and running a pickle plant that was the family's business that eventually led to real estate being acquired that provided the foundation of wealth for my family.

So he's somebody who, when you talk about preparation meets opportunity, worked incredibly hard, incredibly intentionally to access opportunity. And there's this complexity where the real estate he bought, for example, was in redline communities that were only available

So he's somebody who, when you talk about preparation meets opportunity, worked incredibly hard, incredibly intentionally to access opportunity. And there's this complexity where the real estate he bought, for example, was in redline communities that were only available

uh to white folks you know so it's this weird thing where for me to talk as if my great-grandfather who worked in the steel mills as a 12 year old you know to say that oh you know like he is so privileged i mean he he faced a lot of obstacles um you know but then it's still the case that you know that that hard work and resourcefulness yielded something different for him uh than it might have for somebody else and that's that's the big complexity

uh to white folks you know so it's this weird thing where for me to talk as if my great-grandfather who worked in the steel mills as a 12 year old you know to say that oh you know like he is so privileged i mean he he faced a lot of obstacles um you know but then it's still the case that you know that that hard work and resourcefulness yielded something different for him uh than it might have for somebody else and that's that's the big complexity

And the riddle we have in our society is that it really is both that are showing up in the outcomes people get.

And the riddle we have in our society is that it really is both that are showing up in the outcomes people get.