Rolling Out

Samantha Banks teaches how #LandCrypto sets Black people up for success

Samantha Banks teaches how #LandCrypto sets Black people up for success
Photo courtesy of Javares Banks

Samantha Banks is a wife, a mother of five, and the CEO of Financial ID Capital LLC, a boutique accounting firm. She is also the founder of Wife Mommy CEO LLC. Banks has a very unique and valuable perspective of the role of women in her industry and she shared some of that with rolling out.

What drew you to this line of work?

I entered my line of work to teach the culture. Our people perish for the lack of knowledge, and I saw how big of a gap was present in my community when it came to financial literacy. So, I focused most of my career doing that. 2019 I almost lost my life after childbirth, and a few months later my husband lost a son, then a few months after that, boom, there’s a pandemic. We decided to buy land and shift our message toward #LandCrypto because none of us could have imagined our life would take this kind of turn. It was time to tap into the soul.

How important is it for women to have a voice in your particular field?

It’s important that women have a voice in the land/agricultural space because it was written thousands of years ago. Proverbs 31:16 She considereth a field, and buyeth it: with the fruit of her hands she planteth a vineyard. Women tend to be the first teachers to the next generation. We are mother’s, nurturers, lovers, and what better way than to have the time space to teach the next generation.

What have you learned doing this type of work?

LandCrypto has taught me humility and peace. There’s nothing like waking up in nature listening to the birds chirping, the trees swinging in the breeze and walking outside to a fresh harvest. My children get to jump in and help while learning real life fundamentals and how a small seed can produce more than plenty. The city provides a false sense of reality. Being a girl from the city, I interpreted wealth as “luxury items” because that’s what I saw not assets. Situations like a pandemic and seeing bare shelves at the grocery store changed my mindset. Mother nature is so abundant. I also understand different assets and depreciation and land is not an asset that depreciates.

How have others benefited from your work?

I went from helping people lower their tax liability to owning land and turning their land into cash flow and or additional tax havens. The only way our people can make progress is through ownership. I helped a family of entrepreneurs organize their financials putting them in positions to buy farmland and $4 million estates. Most don’t understand that they can make major purchases with their self-employment income, if they keep proper financials and file timely tax returns. Depending on the type of purchase, there are some rooms a credit score doesn’t hold as much weight as a profit and loss statement and balance sheet. We put our clients in position and educate them so they are set up for success.

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