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Rapper, Athlete Economic Buffoonery Keeps Us Broke And Wishing
Jun - 04 |
Posted by:
admin |
4 comments.
wasted by entertainers/ athletes. This wasted money is money that could have been used to build institutions and bussinesses in black communities across the country. This is the only way black america will improve, through businesses and institution building. The government and no one else will save us or fix our communities.
1. Do you have any assets?
2. Do you own a business?
3. Do you know what your credit score is?
3. Do you have a mortgage or pay rent?
4. Do you have any savings in the bank for yourself
or your children?
5. If you lost your job tomorrow what would you be able
to pay all your bills for 1 year or until you found
another job?
6. Do you have money to retire?
7. Do you expect to retire?
8. Are you on welfare?
9. Is the mother of your children on welfare?
I have no doubt that the majority of them wouldn’t be able to answer these questions positively. They most likely still live in their mothers basement,or are renters etc. There is a lack of financial literacy in our community. Its not just about getting money. Its about having something of value to show for it, something that appreciates over time and will create more wealth like a bussiness.
As blacks we need to purify the various sub-cultures and mindsets that hold us back. Easier said than done. We seem to believe the hype and live out stereotypes only to leave more black men in prison than in college.
good article.