A Lot of (White) Millennials Get Significant Financial Help From Their Parents

Smashius Clay

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I remember my boss was talking about moving into the city and asked me what I thought about living in Capitol Hill. I told her it was expensive, and she replies, "That's not a problem, my parents pay my rent. They have my whole life."

Breh she was at least 32 at the time, making at least $85K/year. :dwillhuh:
 

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Bootstraps is another excuse maker word IMO. Kids from the hood could be more. Some have disadvantages no doubt but in this age of computers that isn't as good as an excuse as before. When most people have access to phones and Internet that means they usually have some if not a lot of money coming in so use that to come up slowly. Using bootstraps as some end the discussion word is tired and unproductive. Using how some think if you from the hood might as well off yourself since chances are you ain't going to be shyt and I can't jive with that at all. You don't have to be a neurosurgeon, astrophysicists, and all that bullshyt. Only reason some people want to do those things (not those really into it of course) is because its a stereotype of smartness when being realistic who really cares about that? Do you like those things? I don't so why would I try to do them? I like other things and that's what I work on. The name of the game is to get money to make it better for the next generation and the other stuff comes afterwards and that in this computer age is definitely possible.

One thing I will say is we have to somehow get younger kids more involved in that but tbh it doesn't seem like its younger kids who aren't interested but moreso teens trying to fit in. The young kids try to learn everything most of,the time ime but the teens are moreso trying to fit in. I don't know how to change teens outside of showing cats balling from things that aren't the norm and having more access to those types.
You really not being truthful and you underestimating what environment people are coming out of. I think you should mentor kids and men like I do and you will see a lot more barriers than you would know of.
 
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BrandonBanks

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Ppl are in here saying their parents helped them, mine did too, and I will say they did the best they knew how to.

But out of those of us in here bragging about our parents "helping" us (as they were supposed to do), how many of you can say that your dad or even other male relative gave you a job in is business? :jbhmm:

Or, how many of us in here can say that your dad passed you down a business, or is going to?......

Raise your hands.


If I go ask the same question to some other random black men, the consensus is pretty much the same. Is that all a mere coincidence?

Go ahead and claim that it's the same statistically for cacs, Asians, Arabs, etc our age, even though that's a lie. You can even look it up.

I'm former military, I know a lot of dudes of other races, a lot of their dads or uncles gave them a position in their business, and a lot of them "take over" the family business eventually. Not all of course but more than what some of you understand. Why do you think most of your bosses are white/non black? Why do you think most of the businesses you see in or around black neighborhoods are owned by non blacks?:jbhmm:

Idk why so many cats get offended by criticism of older black ppl. I just take their general lack of entrepreneurial spirit as an example of what NOT to do. Idk about yall but im making sure my kids (and other black ppl) will not have to rely on white ppl for a job. Why are our general goals/standards to just go to school and get a job from a white person? Other groups strive for actual ownership more than we do, and not just whites, Asians, Arabs, Latinos etc
 

BrandonBanks

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Somebody linked this thread in some recent thread, but im just now seeing this....and this is true...my friend "Matthew" in high school had like 15k saved for him when he was about to go away to school...and i know another whose dad basically just passed down his business to him and bought him his 1st car etc....i have my own business but my pop didn't give it to me, i had to start from scratch...even though my pops is a good man and he was there all my life...i still didnt get anything handed to me like that. In general they get a headstart plus their parents tend to help them more

Exactly
 

philmonroe

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You really not being truthful and you underestimating what environment people are coming out of. I think you should mentor kids and men like I do and you will see a lot more barriers than you would know of.
No offense but I'm not trying to hear the coli standard I mentor kids reply. I'm being truthful from my pov just not yours and like I said if its like that cats might as well off themselves if they from certain environments. I don't want to do much mentoring of most because once them excuses start flying I would have been snapped. I don't coddle people esp grown folks so I know I'm no good to most in that realm cause most like folks that give them excuses for why they ain't making it. Everybody can't ball and I'm not saying that but most can be productive enough and that's something most like I said that have the basics can do.
 

philmonroe

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Ppl are in here saying their parents helped them, mine did too, and I will say they did the best they knew how to.

But out of those of us in here bragging about our parents "helping" us (as they were supposed to do), how many of you can say that your dad or even other male relative gave you a job in is business? :jbhmm:

Or, how many of us in here can say that your dad passed you down a business, or is going to?......

Raise your hands.


If I go ask the same question to some other random black men, the consensus is pretty much the same. Is that all a mere coincidence?

Go ahead and claim that it's the same statistically for cacs, Asians, Arabs, etc our age, even though that's a lie. You can even look it up.

I'm former military, I know a lot of dudes of other races, a lot of their dads or uncles gave them a position in their business, and a lot of them "take over" the family business eventually. Not all of course but more than what some of you understand. Why do you think most of your bosses are white/non black? Why do you think most of the businesses you see in or around black neighborhoods are owned by non blacks?:jbhmm:

Idk why so many cats get offended by criticism of older black ppl. I just take their general lack of entrepreneurial spirit as an example of what NOT to do. Idk about yall but im making sure my kids (and other black ppl) will not have to rely on white ppl for a job. Why are our general goals/standards to just go to school and get a job from a white person? Other groups strive for actual ownership more than we do, and not just whites, Asians, Arabs, Latinos etc
People get offended of the criticisms because y'all nikkas passing the blame instead of working to be better sounding like a bunch of bytches that's why. I can raise my hand to that question of yours but please spare me the google debate shyt nikka. Log off the fukking computer actually meet real life people of other groups and you'll see they all don't have this shyt you cats that live online think they do. Y'all speak on other races as some mythical beings and its so sad. Its like y'all really want to be them smh.
 

Behind-the-wheel

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Damn bruh.... that's some sad shyt to hear :why:
First, Thank you for taking the time to read my post.
Second, yes...it is some heartbreakingly sad shyt to hear...much less live through.
I'm still salty over that mess.

She singlehandedly destroyed the legacy my aunt fought to create for our family.
I could choke the life outta her...but her diseases will kill her before I could.
 

SleezyBigSlim

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I remember my boss was talking about moving into the city and asked me what I thought about living in Capitol Hill. I told her it was expensive, and she replies, "That's not a problem, my parents pay my rent. They have my whole life."

Breh she was at least 32 at the time, making at least $85K/year. :dwillhuh:
Different gene pools I'm afraid. No matter how well off a black family is. If they still paying they grown kids rent they black asses will stay lazy and never find an 85k job. I tell my son he better hit them books because I will not be supporting him when he's grown. I won't just hand my business over to him either unless he's qualified and earned it. He already showing signs of being lazy like his mother
 

mamba

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I don't think anyone is desiring to be fully supported by their parents. No self-respecting adult should desire that!

What people are alluding to is the fact that other ethnic groups have their kids' backs, even if they don't need it. That's a feeling that gives you a different level of confidence to take risks.

For example, one of the many reasons cacs and other ethnic groups are killing it in the startup game is because their parents will provide them with temporary support while they pursue a new venture.

Non-Black computer nerd: Mom and Dad, I have a cool idea for this new startup. I want to dedicate myself to it for the next year. This will mean I'm quitting my job.

Non-Black parents: If that's what you truly want to do, we'll do what we can to support. Let us know.

Black computer nerd: Mom and Dad, I have a cool idea for this new startup. I want to dedicate myself to it for the next year. This will mean I'm quitting my job.

Black parents: Boy, are you stupid? :scust: Leaving that good corporate job to do what exactly? :dahell: is a startup? How are you going to pay your bills? :mjpls: How are you going to put food on the table? :usure: Where are you going to stay? :ufdup:

Black parents have a way of killing dreams like no other group of parents.

Hence, one of the reasons we have so few Black entrepreneurs. And probably why you'll never see a young, Black American launch a Facebook, Microsoft, Airbnb, Google, Uber, etc. We don't have the same support structures other people do. We are too afraid to take entrepreneurial risks because 1) we don't have the support and 2) if we do fail, all we'd get is a bunch of "I told you so" shyt. Most brehs and brehettes just settle into a routine in corporate America, while our non-Black counterparts blow us away in terms of creating sustainable enterprises.

Ironically, when a breh does hit it big, the whole Black family and extended family comes with the :feedme: as if they were staunch supporters from the jump! nikkas didn't contribute toward tuition, books, startup costs--nothing. But, think they are entitled to the breh's riches! :martin:

@Thomas @Wild self
@Niklaus
@Reinscarf
@PhonZhi
 
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Skrilla

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I don't think anyone is desiring to be fully supported by their parents. No self-respecting adult should desire that!

What people are alluding to is the fact that other ethnic groups have their kids' backs, even if they don't need it. That's a feeling that gives you a different level of confidence to take risks.

For example, one of the many reasons cacs and other ethnic groups are killing it in the startup game is because their parents will provide them with temporary support while they pursue a new venture.

Non-Black computer nerd: Mom and Dad, I have a cool idea for this new startup. I want to dedicate myself to it for the next year. This will mean I'm quitting my job.

Non-Black parents: If that's what you truly want to do, we'll do what we can to support. Let us know.

Black computer nerd: Mom and Dad, I have a cool idea for this new startup. I want to dedicate myself to it for the next year. This will mean I'm quitting my job.

Black parents: Boy, are you stupid? :scust: Leaving that good corporate job to do what exactly? :dahell: is a startup? How are you going to pay your bills? :mjpls: How are you going to put food on the table? :usure: Where are you going to stay? :ufdup:

Black parents have a way of killing dreams like no other group of parents.

Hence, one of the reasons we have so few Black entrepreneurs. And probably why you'll never see a young, Black American launch a Facebook, Microsoft, Airbnb, Google, Uber, etc. We don't have the same support structures other people do. We are too afraid to take entrepreneurial risks because 1) we don't have the support and 2) if we do fail, all we'd get is a bunch of "I told you so" shyt. Most brehs and brehettes just settle into a routine in corporate America, while our non-Black counterparts blow us away in terms of creating sustainable enterprises.

Ironically, when a breh does hit it big, the whole Black family and extended family comes with the :feedme: as if they were staunch supporters from the jump! nikkas didn't contribute toward tuition, books, startup costs--nothing. But, think they are entitled to the breh's riches! :martin:

@Thomas @Wild self
@Niklaus
@Reinscarf
@PhonZhi

EXACTLY. You and a few others are the only ones who got the point
 

JLova

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Generational wealth. People talk about being entrepreneurs. You need some financial backing to do that. Blacks have too much to risk. Likely do not have parents to fall back on or other family members. Don't have the connections either. Hard to take risks when you have no money. White kids can be career students or interns. They have that backing for the most part. I see nothing wrong with parents helping kids. You see this in other communities, not just white. Sadly many blacks have the burden of working to help other members of their family. You ever hear white folk talking about having to give their parents money? Rare.

I still preach education is the key at evening the playing field. He'll learn a trade if schools ok isn't for you.

What is annoying though is people who already have the cheat codes of life having the ability sanity to judge those that don't even know how to play the damn game. I had to work when I was in school and to pay my way. Worked mostly in the summer while white kids were travelling the world all paid for by mom and dad. That advantage is immeasurable.

And it isn't about complaIning but these advantages should be acknowledged.
 
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