Damn...even the crappiest Asian household has a higher income than the average ADOS home

[IsThatBrothaMouzone?]

Asians are as materialistic if not more than anyone. only difference is you can't be stunting just because you bought some clothes. you showing off a high paying job or some posh education with your wardrobe.

Definitely.

Asians don't stunt when they're straight FOB's, but after a generation or two......they stunt more than anyone. Latest fashion, tricked out luxury cars, nice suits etc. They grind and get that degree or degrees first but they're just as flashy as anyone. Fancy vacations, lavish weddings...all of it.

 

[Afro]

on the topic of why Filipinos dominate nursing.



The US colonized a country and built a labor supply.

It's great to have government policies behind you. The same policy the U.S. has refused ADOS people.

Fascinating.

Thanks, had no idea.

 

[Bushmaster69]

the Pride comes before the fall...

These brehs and berettes are going to learn the hard way when they can't afford to buy a house and or get gentrified out the neighborhood.

We are our own worst enemy

 

[TheKongoEmpire]

Visiting Instagram, you’d think the average black household mirrored the Huxtable’s.

Our folks be livin' it up on IG.

Partying and hookah multiple nights per week, always eating out, trips and much more!

All on less than $100k salary!

100k? Shhhhiiiiii. I'm thinking 50k.

 

[Master Teacher]

Them stats are funny style. When the last time you seen Indians and Asians in the suburbs in great numbers? Not saying having you have to have a big 5 bedroom house to be well off but, you should still see some people living that way. I’m just saying you go to any nice suburb and you gonna see a ton of white people but its rare for me to see a family of Indians or a family of Asians or a family of Arabs in those areas. I’m always shocked when I see a Chinese family out and about I live in Delaware, and have lived in Philly, Maryland, D.C., Georgia and Tennessee before for reference A lot of these Asians are either stacking up together multiple generations deep in the same house so they’re goosing those wealth statistics or they’re getting money but chose to live beneath their means.

That's because they all move to one area together, and the only live in suburbs, where do you see this people at in ghetto

they got liqour stores and restuarants in the hood but they don't live there

 

[I Really Mean It]

100k? Shhhhiiiiii. I'm thinking 50k.

For real. I was like, less than 100k? Try 38k.

 

[Cobalt Sire]

People gotta learn to be fly without designer and luxury stuff. I go outside with shorts or sweats, with a 23 year old raggedy car, and feel like I'm that dude lol. I learned in high school that earrings, chains, hats, and other stuff did absolutely nothing for me. Couldn't get girls to look twice at me.

Don't be afraid to leave your hometown if opportunities aren't there. Trust me, there are other places out there that you will enjoy. I'd rather buy a home in a mid level city that has mostly what I need, than to pay rent in a premier city. When you've lived in the most boring city ever for the last 20 years, a halfway decent place is like heaven lol. When you had to ride the bus your whole life, a raggedy car is a come up.

You're gonna have to balance the lifestyle you want with the money you want to save.

 

[Cobalt Sire]

There's been a lot of investment talk on here lately, and I'm new to investing myself. I think I figured out the perfect strategy. Put most of your money in low risk investments like index funds, mutual funds, etc. The stock market has an average 10+ percent yearly return for a hundred a years or so. Put some of your money in pretax accounts like 401ks, IRAs, etc. You lower and defer your taxes for now and take distributions in retirement when your income is lower. Less taxes.

Take 5 to 10 percent of your liquid money every year, or however much you're willing to risk, and play the stock market, cryptocurrencies, etc. Study companies and cryptos that you think will take off and place bets. If you lose, start over the next year. If you win, take profits, and leave 5 to 10 percent of your liquid money in there if you think it has a chance to keep growing. Rinse and repeat.

Edit: Diversify your bonds, g.

 

[Rawtid]

ive never seen another group of poor people spend their last on expensive clothes and shoes like us. ive seen poeple who were working class from other groups try to flex a little, but i have never seen any other group generationally very down bad in the projects but still trying to flex like us. there is something psychological going on.

Generational trauma. We we never meant to be part of this society as citizens, only free labor, and they’ve made sure we stay as low as possible.

What’s a few pair of Jordans when statistically, you’re not going to elevate to a status that matters. America provides no incentive for black people, just a viscous pool of bullshyt to constantly wade through, all while being appreciative it’s not a third world country where it could be worse.

Any person who was raped, abused and enslaved would be forced into therapy before rejoining “normal” society. They wouldn’t even let us study mental health and qualify as therapist for our own. Imagine the oppressor being your therapist.

 

[Cobalt Sire]

Lastly, if you save up enough money to buy a house outright, don't do it. Get a mortgage and invest the rest in the stock market. If the stock market continues to perform the same way it has historically, you will make more money with the "mortgage and invest the rest" strategy. Do the math yourself.

Anyway, just trying to help people. We should also carry life insurance more often.

 

[saturn7]

Fascinating.

Thanks, had no idea.

There's alot of things like this that are hardly discussed. Whole groups getting subsidized while looking down on us and giving us bootstrap rhetoric.

-Also the US (Dems&Reps) helped Cubans take over Miami
- US helped one of its the client states South Korea take over Black beauty supply business/Black Hair care industry
Etc...


These dudes lack US history dealing with it’s foreign politics

Yep. It's nice when government has your back.

 

[LunaticVillage415]

It has been proven time and again that these "median household income" stats are smoke and mirrors used to prop Asians up as a mythical model minority to try to make black people look lazy. Asian median household income is higher because Asian households have more folks working than average. Because its normal for grown ass Asians to live at home and not be shamed for it, but they still work more often than not. Also, most Asians live in high cost of living metro areas and states (i.e. Bay Area, LA, NYC) where even $100k per person is barely middle class. And Cambodians, Hmong and Laotians known to stay in the hood and be poor, embrace gang culture especially in Cali but also in other places (i.e. Lowell, MA). Nobody even think of Indians as Asians. They are like their own curry ass smelling group. Also, many Asians immigrate here with money to start businesses or good jobs lined up already. It's not a fair comparison.

 

[invalid]

That was Booker T Washington’s entire argument. Some saw it as c00ning, but he was encouraging Black people to corner the market on certain skills we were the go-to people on after slavery.

WEB DuBois wanted us to pursue more refinement via liberal arts.

I’d argue we’d have a significant economic base had we followed Booker T Washington’s lead and then pivoted to liberal arts after the economic base was established.

A lot of people misrepresent Dubois' words to push an agenda.

Dubois was not against technical education. He had to defend a classical education against it's detractors like Booker T. Washington.

Dubois wanted to see a marriage of classically trained black people with those that were technically trained. A marriage that actually made Tuskegee what it was.

I am an earnest advocate of manual training and trade teaching for black boys, and for white boys, too. I believe that next to the founding of Negro colleges the most valuable addition to Negro education since the war, has been industrial training for black boys. Nevertheless, I insist that the object of all true education is not to make men carpenters, it is to make carpenters men; there are two means of making the carpenter a man, each equally important: the first is to give the group and community in which he works, liberally trained teachers and leaders to teach him and his family what life means; the second is to give him sufficient intelligence and technical skill to make him an efficient workman; the first object demands the Negro college and college-bred men—not a quantity of such colleges, but a few of excellent quality; not too many college-bred men, but enough to leaven the lump, to inspire the masses, to raise the Talented Tenth to leadership; the second object demands a good system of common schools, well-taught, conventionally located and properly equipped …

Further than this, after being provided with group leaders of civilization, and a foundation of intelligence in the public schools, the carpenter, in order to be a man, needs technical skill. This calls for trade schools…

We talked about this in another thread. I don't want to quote parts of it but here is the link if you're interested.

https://www.thecoli.com/threads/rate-this-quote-day-1-john-henrik-clarke.791080/

Both Dubois and Washington were both right. But in terms of their arguments, Dubois made more sense.

Anyway, this is an example of cornering a market.

this is what Booker was hoping for as an example for the black masses to follow

Junius George Groves (April 12, 1859 – August 17, 1925)

was an American farmer and entrepreneur remembered as one of the wealthiest black Americans of the nineteenth and early twentieth centuries. Known as the "Potato King of the World" by 1902, Groves optimized potato growth methods, out-producing anyone else in the world to that point. His vast financial success—‌analyzed further in Booker T. Washington's The Negro in Business (1907)—‌was utilized to help combat racism by providing economic opportunities for other black Americans.

 

[jwonder]

hence why India is at the top

shyt is not complicated b

i'm not tryna live 4 generations deep in one crib to juke some stats

Yeah but they end up buying houses damn near fully cash. Once they get a few properties after saving with those generations, the household isn't that deep. Black people are so ready to rush their kids out the house at 18. That never was a good look.

 

[dblive]

Multiple adults to provide multiple incomes will do that for you

They living 4-6 adults deep in one house a lot of times