I'm black and I'm a member of the 1%

[Jimi Swagger]

Yes, they really do exist outside of entertainers .

Love how down to Earth the Browns are - I guess because they are newer money.



In the U.S. today, the average African-American household owns just 6 cents for every $1 of wealth held by the typical white household, and blacks make up just 1.7% of the top 1% of wealthy

If the video won't initialize, go to: 'www.cnn.com/videos/cnnmoney/2016/10/14/unstereotyped-black-one-percent-cnnmoney.cnnmoney'

 

[Hood Critic]

I love to see stuff like this and its encouraging to hear them talk about mentoring and helping but they are usually selective with that help and mentoring. The mentoring needs to be done on a platform to reach as many blacks as possible. Everyone won't immediately benefit from the knowledge but the key is to open our people's eyes to the value of investing in our children. Wealth is built through generations so no matter what you managed to accumulate, if your children don't know how to cultivate and grow it, they and your grandchildren will have to continue to start from scratch.

 

[Jimi Swagger]

I love to see stuff like this and its encouraging to hear them talk about mentoring and helping but they are usually selective with that help and mentoring. The mentoring needs to be done on a platform to reach as many blacks as possible. Everyone won't immediately benefit from the knowledge but the key is to open our people's eyes to the value of investing in our children. Wealth is built through generations so no matter what you managed to accumulate, if your children don't know how to cultivate and grow it, they and your grandchildren will have to continue to start from scratch.

Unfortunately you have to be; everyone can't come with. Have to teach those who are ready to receive the information and put forth building efforts so they will grow in numbers and in turn pay it forward - kinda like an ROI or tilling fertile soil. Else its time and energy wasted. Akin to leaving grandmas house and land to the crackhead cousin, jailbird brother or ratchet baby sister with a gang of ignorant children. No other group does this but us. I understand the point of groups like Jack and Jill - it's elitist but sorta necessary. Like vetting.

 

[Reality]

Great piece