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

[BrandonBanks]

Some of yall really in here on some "In Harlem, we don't expect help from our pops. Might as well call that nikka daddy "

U have no idea how dumb you sound. And please stop acting like white ppl don't heavily practice NEPOTISM. Not just cacs but also asians, arabs, latinos, etc. Every other group but us basically.This is why when you walk into Akbar's store, most if not all the faces you'll see working in there will look like him. Same thing when you go in Ling's store/restaurant.

Yall in here scoffing at nepotism and shyt. Calling it a "handout"


With other races, they either build businesses and let their friends/family in, or get on at places and once again, use their pull to get their people in. But when of us gets a "good job" or any job in a non black business, we are simply happy to get our foot in the door and the feeling that we get a seat at the table, the feeling of being "that nikka", we're quick to stunt on the next nikka. Then if/when other nikkas do get on, we try to compete with them.

Too many black ppl feel like this, "you're 18, get the fukk out and go beg the white man for a job, you don't get handed shyt out here, you gotta earn yours like I did That IS our overall mentality. Blacks act like that is some sort of weakness somehow, and that we should somehow all be prideful and fight for scraps at others table, when in fact that type of nepotism and support is how whites/others get their positions of POWER at the table we're sitting at in the 1st place. All facts, and you know it

 

[BrandonBanks]

Also, some of you are beyond backwards, and i feel sorry for your future kids. You're actually supposed to create potential doors for your kids. What does that mean? That means businesses, or money saved up to get a start. Many cacs and asians send their kids to professional schools and PAY for it, in turn a lot more of them have signifcantly less debt when they graduate and quite a few have NONE. Little to no debt IS a head-up.

Imagine more black ppl with little to no debt, PLUS money saved/assets. But some of you love that "100% bootstraps" mentality and you actually believe that's what most non black parents were on. Lol I can tell you haven't been around a lot of them, because they get a lot of help from not just their parents but other ppl who look like them in general. Meaning if they do have a business, they're still more likely to hire someone of their own race who isn't even related to them, over a black person.

I grew up in the burbs and i went to a predominantly white middle and high school, i've been around a lot of white dudes and know how a lot of them and their parents operate. So don't even try to counter what dudes in here are saying by calling us all "poor hood nikkas". U don't know what you're talking about. I grew up middle-middle class in a 2 parent household and what dudes in here are saying IS true.

Helping your kids is not a "handout". If you think cacs, asians, arabs, latinos, etc don't stick together and help each other, you're delusional.

Here is what more black ppl should consider as goals for your children:

1. Pass down a business. This is what a lot of our parents collectively failed to do, so more of us should want to do this for our future kids. Not all of us should, but some of us should. Oh I know, "can't". You quit the game before it even began by saying "can't can't can't"

2. Instead of just shoving them into sports at 6, also teach them about stocks and finance. We are so big on athletics, hyping a kid up to be the next Lebron, making sure he never misses a practice, game, is decked out etc but yet so many of them grow up not knowing anything about investing, money management, guns & butter etc we NEED to know about this more than anyone else.

3. Stop acting like low standards/setting the bar low is good. This whole "they/I did the best they could" stuff needs to end. Nobody's trying to hear that. Can i go to the bank for a loan and when they ask how much i have say, "this is all i got but i did the best i could " its such a weak mentality. i hate how sensitive a lot of nikkas are these days, all offended by the way you said something even if it's the truth. Stop being bytches and start building.

 

[BrandonBanks]

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? Leaving that good corporate job to do what exactly? is a startup? How are you going to pay your bills? How are you going to put food on the table? Where are you going to stay?

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 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!

@Thomas @Wild self
@Niklaus
@Reinscarf
@PhonZhi

 

[Raheem95]

I know this one cac that I went college with who has his parents pay for Williamsburg apartment and shyt. He got a 2 room joint that's like $2,900-3,000 a month. Fam was a communications major and graduated and found a PR job but then got unemployed and now leeches off his parents. Breh dressed mad hipster ish, smoke cigarettes and played guitar. Breh got bytches tho I can't front.

 

[beenz]

I know this one cac that I went college with who has his parents pay for Williamsburg apartment and shyt. He got a 2 room joint that's like $2,900-3,000 a month. Fam was a communications major and graduated and found a PR job but then got unemployed and now leeches off his parents. Breh dressed mad hipster ish, smoke cigarettes and played guitar. Breh got bytches tho I can't front.

easy to pull hoes living in a fly apartment, not having a care in the wold, being subsidized by parents, while being a musician

 

[Raheem95]

easy to pull hoes living in a fly apartment, not having a care in the wold, being subsidized by parents, while being a musician

You right on that, it could be easy. last time we talked he said he was shopping a demo to record labels.

But breh my parents said that if I was in financial trouble I can stay with them as long as I am trying to get a job, looking for a place to stay or something. My pops said if I leeched on them on some bum shyt hat he would beat my ass.

 

[STEVE]

I haven't gotten shyt from my parents

 

[FukYaFeelings]

I go the University of Georgia, currently siting in class now. All these white nikkas got the MacBook pros in here I ain't got shyt



Driving around in BMWs and Mercedes. Nicer cars than my parents and cars I can only dream of getting in my late 30s



I'm not even mad tho. If my parents had money I'd want them to buy me all that shyt. Just makes me wanna work hard so I can make money and buy my kids nice shyt

 

[BrandonBanks]

I could tell you so many stories from grad school and undergrad where my worldview clashed with my white peers or educators.

- internship supervisor couldn't understand why I wasn't getting a vacation gift when I graduated with my MA from my parents. He said everyone should travel after they achieve higher Ed. I looked at him like "nikka I have to work. If you want to pay my car bill this month I can think about going to Tahiti"

- white friend's white boyfriend couldn't understand why my parents wouldn't pay for a hypothetical wedding I could have. He actually said it was irresponsible for them not to pay . Tf kind of kid thinks their parents owe them like that? I asked him that too lol

- all my white peers are on vacation, not visiting family but actually in some tropical location or Europe and I'm working an overnight looking at their pics on Facebook

- they had the luxury of hobbies. I had work.
-white friends complaining that their inheritance is only 10k or their nepotism job only pays $45k a year

I pretty much had the face all through school. They don't realize that generational wealth or even having parents to fall back on, having family with financial knowledge or a nest of even $2k is a privilege.

Yep, sounds about right.

 

[BrandonBanks]

double post