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Tomeka Purcell
Your Pitch
The gap between Black and White homeownership is wider than it was 50+ years ago, before the 1968 Fair Housing Act was enacted to create equal housing opportunities for minorities. Homeownership is less achievable for Blacks at a rate of 46.4%, compared to 75.8% of Whites. But, why? And why are homes in predominantly Black neighborhoods valued at $48,000 less than White ones, further contributing to the racial wealth gap?
 
Enter Tomeka Lynch Purcell, an advocate of financial empowerment, author, serial entrepreneur and self-made millionaire who specializes in the delivery of financial education including seminars, workshops, curricula and training. As the founder of PMG Worldwide, Tomeka educates first-time homebuyers on the importance of purchasing a home. 
 
Growing up, Tomeka didn’t have much insight about money, except knowing it was something you were supposed to have. Sleeping in her Pontiac Grand Am with her 3 children was the turning point that changed Tomeka’s mindset about how money and credit should be handled. Tomeka was a product of this issue, however, she is now a solution and source of financial stability, sharing the wealth. Purcell addresses the gap of fiscal health and homeownership for minorities through her strategic budgeting process and access to home ownership with her privately-owned mortgage company. 
 
She can comment on the following relevant hot topics:
 
-The minimum credit score you need to buy a house, and how to achieve scores over 740. Why 20% of Black households have a credit score over 700, yet over half of White households have a credit score that high.
 
-Why predatory lenders are specifically targeting Black homeowners during the housing crisis, stripping them of home equity, causing many to lose their homes, and what to do about it.
 
-Why the difference in parental homeownership and wealth explains 13% of the gap between Black and Whites and how down payment assistance is a hurdle for Black homebuyers who are less often recipients of an inheritance or family money.
 
-Her thoughts on The Biden administration's plans to close the racial wealth gap and invest in communities that are the target of racist policies, including addressing appraisal bias, the practice of valuing Black-owned homes lower than White-owned homes.
 
-Why Blacks are 2.5 times more likely to be rejected for a home loan than Whites, why Blacks pay higher interest rates, and what to do about it.
 
-Unveiling debt-to-income ratio (DTI), why student loan debt is affecting Blacks more than Whites, and how to prevent this issue.
 
As an expert financial advisor for minority populations, Tomeka comments, "Residential segregation facilitates extraction of wealth and other vital resources that fuel economic and social mobility. The loss of wealth in Black communities hastens a downward socioeconomic spiral. Unaddressed, it will continue to fall for every age group younger than 85, posing an economic risk for the nation and a disaster for the Black families unable to transfer wealth to their children.
Biography

As an educator, entrepreneur, and financial coach, Tomeka Lynch Purcell specializes in helping women establish financial goals, build wealth, and change the way they think about money. Utilizing her extensive background in financial planning, corporate finance and real estate, Tomeka founded Credit Solutions Services, a credit and financial management firm, teaching women financial stability that encourages personal and financial assertiveness and evolution. In 2016, Tomeka launched her Amazon bestselling book, “Why Pay Cash? Credit Is Better,” challenging the antiquated mindset that millions of people have about the use of credit and how millennial spending can change that. “The Ingredients To Better Credit," takes a deeper dive at credit management solutions, providing a real-talk approach to building and repairing problematic credit. Tomeka is a bestselling-author of three financial help books for children, with her current series featuring a young black girl named Morgan who talks to children about saving money, what she is doing with her money, and visiting the bank. Morgan discusses current and world events, taking care of her natural hair, and learning about the melanin in her skin. Morgan comes with coloring books and dolls that will be ready and available during Christmas time!

For press inquiries and interview requests, please contact me below and for more information, please visit https://www.pmgtest1.com/ and Tomeka's press kit: