Wacinque A.K. BeMende has a vision he wants to share with you — that there is an innovative way to stop the cycle of poverty — and he’s asking for your help to spread the word.
He is on a mission to help the 40% of Americans who do not have a savings or checking account, people often called the “unbanked,” to open accounts at local banks and credit unions.
“Without a banking account, you cannot take the very first step of helping yourself, which begins with saving money, even if it’s just $5 a week,” explains BeMende. “The key is investment accounts that earn dividends, while holding on to the original stock to compound interest and increase in value over the years.”
“It’s been proven that welfare does not work, and ultimately leads to generations of poverty,” continues BeMende. “We have created a system that is not an entitlement program, is politically neutral because it is not supported by taxes, and is not dependent on consumer debt.”
BeMende’s company, KaizenRhino Solutions, is working to establish an international standard of asset ownership that can be used as a tool to help solve issues surrounding poverty and income inequalities. To bring this standard to the political forefront, BeMende is asking people to sign a Change.org petition requesting that governments worldwide adopt this international standard.
“We need people like you to sign our petition to make our voice stronger, to help us implement the change needed to break the poverty cycle,” said BeMende. “The petition asks only for your name and signature. Your information will not be used for any other purpose.”
To sign the petition against poverty, and to review BeMende’s Asset Ownership Standard, go to: http://chng.it/KQczCdfyPr.
The mission of KaizenRhino Solutions is to solve the problem of multigenerational poverty by reducing the number of unbanked individuals to ZERO, and to encourage individual ownership of income-generating dividend stocks.
“The first generation that opens savings accounts and invest, breaks the cycle of poverty, and the next generation will see even bigger gains and keep families off the welfare merry-go-round,” said BeMende.
BeMende’s company educates you about self-directed Global Permanent Investment Accounts (GPIA), which is comprised of any number of dividend-paying stocks that generate income while allowing the principal to build over time.
BeMende founded KaizenRhino Solutions International and established the GPIA account in 2016 when he retired from the Armed Services after a 40-year military career, where he served in the Marines, Air Force, Army and National Guard.
When he retired, BeMende could have lived an affluent life of leisure, but instead started his business aimed at helping people get off welfare. To make the company’s name memorable, he incorporated the name of his favorite animal, the rhinoceros, which also became its mascot. BeMende even has a fun, model toy of a plastic purple rhino mounted on top of a piggy bank, but with the money slots for saving in the rhino, named GPIA Saver, not the pig.
“I knew what it was like growing up on welfare, and I wanted to help people change their course in life,” he said. “I want to teach people how finance and investing is open to everybody, and show them how they can create their own wealth,” says BeMende.
“Our country needs a solution that is sustainable, and owning dividend-paying stocks allows individuals to build principal over time, and create a source of income for generations to come.”
BeMende studied banking and finance and received his bachelor’s degree from Upper Iowa University. His master’s concentration was in adult education, and he was an adjunct instructor of personal finance management at Central Texas Community College.
BeMende has completed numerous continuing education programs in entrepreneurship, financial education and human resources. Most recently, he participated in the STRIVE (Startup Training Resources Inspiring Veteran Entrepreneurship) program at Hillsborough Community College.
BeMende, who grew up in Nashville’s poorest neighborhood, tells the story of a favorite high school teacher who loved the stock market almanac by Yale Hirsch, and taught his class the history of the stock market and the principles behind compounding.
“His message stuck, and I became a dividend stock investor, beginning with saving just a few dollars a week. When I pass on, my military retirement pay will end, but bequeathing allows my income from investments to put a smile on someone’s face for a very long time,” BeMende says.
Published June 17, 2020