Look how many people showed up to INVESTFEST 2022

[African Peasant]

Spending money on this only makes the people hosting the event rich

Atleast you get some joy out of the other stuff

You better go at a BBQ or something.

 

[Chrishaune]

Yes but the bullmarket.

Yeah, professional investors aren't waiting on a bull market to make money.

 

[Gloxina]

See, folks who think like this are a problem.

The most logical way to see that money is by going into a field that PAYS.

Go to school for accounting, nursing, IT/cyber security, finance. Get IT certs and climb the ladder. You have kids walking out of undergrad making at least 65-75 in certain fields. They’ll be making 100k per year with the ability to invest, while everyone else is looking for schemes to turn nothing into something.

 

[Scaaar]

It seems like at every step of financial intelligence, there's a large group of black people telling you to do the opposite. Don't get married and benefit from dual income, tax breaks, etc. Don't go to school, despite decades worth of data showing people with degrees make more money than people without degrees. Don't work a 9-5, despite most of the upper income people in this country (doctors, attorneys, engineers, etc) working a 9-5. And the people advocating these positions the most vehemently are rarely successful. It's like a woman getting relationship advice from her bitter, single homegirl.

A lot of this has gotten worse since the pandemic and a lot of black people are running around acting like they can match dollars or investments with white people who have thousands of dollars in savings or leisure spending to pump into smart (or dumb) ideas. Just because someone took a W on bitcoin from investing early doesn't mean you're going to replicate that. A lot of black people lost insane amounts money on various bullshyt crypto products or scams. Money that could have gone towards education, index funds, etc. More than likely you are NOT going to get rich quick. That's not the fukking point of investing.

Exactly!!! Even when I talk to a few people that invest. They're quickly pulling their money out since the market isn't doing well. If you're looking at investing as a quick get rich scheme you're going to end up broke and in the same position you're in. Just put the money there and don't look at it. Your analogy about single women giving other people advice is spot on. Usually it's the people that failed, overlevaged in debt, or don't want to do the actual work giving out this garbage advice. Why are we buying crypto just because a celebrity shouts it out? We're the biggest consumers which is why we're the most vulnerable for all these scam activities

 

[Insensitive]

It seems like at every step of financial intelligence, there's a large group of black people telling you to do the opposite. Don't get married and benefit from dual income, tax breaks, etc. Don't go to school, despite decades worth of data showing people with degrees make more money than people without degrees. Don't work a 9-5, despite most of the upper income people in this country (doctors, attorneys, engineers, etc) working a 9-5. And the people advocating these positions the most vehemently are rarely successful. It's like a woman getting relationship advice from her bitter, single homegirl.

A lot of this has gotten worse since the pandemic and a lot of black people are running around acting like they can match dollars or investments with white people who have thousands of dollars in savings or leisure spending to pump into smart (or dumb) ideas. Just because someone took a W on bitcoin from investing early doesn't mean you're going to replicate that. A lot of black people lost insane amounts money on various bullshyt crypto products or scams. Money that could have gone towards education, index funds, etc. More than likely you are NOT going to get rich quick. That's not the fukking point of investing.

It's THE MOST horrible shyt I've ever seen.

And yo, this is how you run into delusional people with no assets to speak of tryna play people who've actually done the knowledge.
I invest monthly, cut expenses, raise my savings rate, invest in my education and have over $100k in invested.

I run into birds and goofies with two fukking nickels to rub together repeating this bullshyt verbatim tryna tell me "I don't really know the game" regularly.

Have very little debt, high income (with room for growth) and actual real tangible assets and get told you're broke because you don't live like a social media (scammer) influencer brehs

 

[Goat poster]

If Don Diego ain't on the panel I ain't going

 

[Serious]

Hey breh I am going to keep it 100 with you. Since covid youtube been like my background music since I been working from home since march 2020. I basically turn on youtube and listen to it in the background as I work. Youtube is like a radio to me.

So I am familiar with a lot of these youtube celebrities now. In saying that there are a lot and I mean a lot of scammers on there. These learn your leisure kats done had a few scammers on their platform telling folks all types of get rich and fraud scams. The problem is 70% of their stuff is legit, but then you got the 30% that is scammer shyt that they have their guests on there talking about.

But thats just not Learn you Leisure. Its like there is an entire scam lane being pushed online with this "generational wealth motto" that a lot of kats online be spitting.

The problem is mature folks like you and I can pick out the legit part of the conversation and ignore the scam part. But many people don't understand the difference.

One more thing. I don't know if this conference was free. But there is a lot of these financial/investment/building wealth conferences that scammers be running asking people to pay $1,000, $1,500, $2,000 or $$2,500 to attend some conference where they teach you how to invest or some bull shyt like that. I am like most these folks can barely pay their rent. They do not need to be paying thousands of dollars to attend a conference for someone to teach them to buy VOO ETF stock, invest in Doge coin at the ATH or to write a budget at home.

One of my wife's silly ass coworkers paid fukking $2,500 to attend one of these damn conferences and all they did was give them a motivational speech, tell them to open up an account for Robinhood and Coinbase. And invest in shyt that they use everyday....that shyt ain't worth $2,500 bucks......that is scammer shyt!!.To top it off my wife said her coworker got crazy debt and was getting her student loans garnished before the deferment hit during covid.

100

I feel it, I’m pretty sure they drop some gems, and the concept getting people to think about avenues of wealth is dope.


I respect that part tbh it’s just the execution. Which is very important.

Black people historically don’t have wealth in this country. so allowing any type of get rich quick scheme on the platform is dangerous as duck.

Also a lot of shyt, I’ve heard is really chapter one of intro finance book.

It’s like this Kenny burns cat that keeps getting reposted.

How we talking about building wealth when you looking and traveling like a celebrity.

I’m waiting for a more solid and lowkey cat to keep it real, and come on the scene with that Steve Jobs, look broke but be rich swag.

Because cutting expenses to that level is what it’s going take for black people to catch up and be well off.

We’ve shown the ability to make money, but can we keep it and grow it exponentially.

Because once again on ig everyone looks like multimillionaires.


But our bank accounts don’t reflect that.


Also I brought up in a another discussion that financial scammers ain’t limited to black people.

Wall Street cats scam all the time. Think Bernie madoff

 

[Gloxina]

It seems like at every step of financial intelligence, there's a large group of black people telling you to do the opposite. Don't get married and benefit from dual income, tax breaks, etc. Don't go to school, despite decades worth of data showing people with degrees make more money than people without degrees. Don't work a 9-5, despite most of the upper income people in this country (doctors, attorneys, engineers, etc) working a 9-5. And the people advocating these positions the most vehemently are rarely successful. It's like a woman getting relationship advice from her bitter, single homegirl.

A lot of this has gotten worse since the pandemic and a lot of black people are running around acting like they can match dollars or investments with white people who have thousands of dollars in savings or leisure spending to pump into smart (or dumb) ideas. Just because someone took a W on bitcoin from investing early doesn't mean you're going to replicate that. A lot of black people lost insane amounts money on various bullshyt crypto products or scams. Money that could have gone towards education, index funds, etc. More than likely you are NOT going to get rich quick. That's not the fukking point of investing.

This is what I hate. Most of us DON’T HAVE IT and don’t have the freedom to throw money around like this. The same way solid government jobs were a path to stability and financial freedom for a generation is the same way we have to look at private sector jobs. An education/trade and solid, consistent career is how stability is created and maintained.

You have a lot of folks who weren’t exposed to much falling for the BS. The reason why college was always such a big deal was because they can’t deny you when you are educated and qualified. Get your foot in the door and build your way up in your field. That will hold you down more than trying to flip homes with no real estate or market experience, or trying to get rich investing with no real trading knowledge or experience.

 

[Originalman]

100

I feel it, I’m pretty sure they drop some gems, and the concept getting people to think about avenues of wealth is dope.


I respect that part tbh it’s just the execution. Which is very important.

Black people historically don’t have wealth in this country. so allowing any type of get rich quick scheme on the platform is dangerous as duck.

Also a lot of shyt, I’ve heard is really chapter one of intro finance book.

It’s like this Kenny burns cat that keeps getting reposted.

How we talking about building wealth when you looking and traveling like a celebrity.

I’m waiting for a more solid and lowkey cat to keep it real, and come on the scene with that Steve Jobs, look broke but be rich swag.

Because cutting expenses to that level is what it’s going take for black people to catch up and be well off.

We’ve shown the ability to make money, but can we keep it and grow it exponentially.

Because once again on ig everyone looks like multimillionaires.


But our bank accounts don’t reflect that.


Also I brought up in a another discussion that financial scammers ain’t limited to black people.

Wall Street cats scam all the time. Think Bernie madoff

Nothing but the truth breh!

 

[klientel]

Man people go to these things hoping someone is going to give them some magic tip that makes them rich overnight.

Like they will wake up tomorrow and start killing it in stocks or flipping houses. But more than likely what happens is they get scammed

 

[#BOTHSIDES]

I'm curious on the insurance and tax segments as those are very important aspects of business.

Outside of that, my cynical mind is just reading it as, obtain money by misrepresenting facts, then do this to avoid tax penalties and then funnel it into a real estate shell company.

Then the insurance part is then file fraudulent claims for payouts .

But nah seriously , I'm curious to know, I would of went

This is a really good book on taxes…kind of an introduction

 

[Piff Perkins]

It's THE MOST horrible shyt I've ever seen.

And yo, this is how you run into delusional people with no assets to speak of tryna play people who've actually done the knowledge.
I invest monthly, cut expenses, raise my savings rate, invest in my education and have over $100k in invested.

I run into birds and goofies with two fukking nickels to rub together repeating this bullshyt verbatim tryna tell me "I don't really know the game" regularly.

Have very little debt, high income (with room for growth) and actual real tangible assets and get told you're broke because you don't live like a social media (scammer) influencer brehs

It'll only get worse since most shyt is about clout. We got people bragging about having an LLC but having no products or employees. Bragging about passports but never been anywhere. Bragging about getting a 2016 BMW with a $700 car note. And the people on this wave are always the loudest and most belligerent about "money shyt" as you said. Always talking about flipping money, or going to conferences, or "hustling" or breakfast with Jay-Z memes.

The time spent faking it could have been spent building.

 

[#BOTHSIDES]

100

I feel it, I’m pretty sure they drop some gems, and the concept getting people to think about avenues of wealth is dope.


I respect that part tbh it’s just the execution. Which is very important.

Black people historically don’t have wealth in this country. so allowing any type of get rich quick scheme on the platform is dangerous as duck.

Also a lot of shyt, I’ve heard is really chapter one of intro finance book.

It’s like this Kenny burns cat that keeps getting reposted.

How we talking about building wealth when you looking and traveling like a celebrity.

I’m waiting for a more solid and lowkey cat to keep it real, and come on the scene with that Steve Jobs, look broke but be rich swag.

Because cutting expenses to that level is what it’s going take for black people to catch up and be well off.

We’ve shown the ability to make money, but can we keep it and grow it exponentially.

Because once again on ig everyone looks like multimillionaires.


But our bank accounts don’t reflect that.


Also I brought up in a another discussion that financial scammers ain’t limited to black people.

Wall Street cats scam all the time. Think Bernie madoff

 

[69 others]

Exactly the sentiment I was going to post. Better to visit, network, and try to get something to shake then to stay home.

I'm retired now, but I wouldn't knock anyone going to see. You'll at least figure out if business is for you or not.

i look at it as good energy to be around. can at least inspire black ppl to seek out more knowledge and work on building something greater for themselves

Spending money on this only makes the people hosting the event rich

Atleast you get some joy out of the other stuff

rather see black people spending money on this en masse and build with eachother instead of bottles in a club or "designer" clothes from manufacturers who hate us/have 0 respect for us regardless of how much money we give them

That money flowing right back to other communities it's only going to touch some black hands before it does. These scammers want to live like rappers plus they need to spend to show that they live a certain lifestyle to keep more suckers coming in.

Nothing beats keeping wealth in communities like the slow and boring real estate and long term investing.

 

[Originalman]

Man people go to these things hoping someone is going to give them some magic tip that makes them rich overnight.

Like they will wake up tomorrow and start killing it in stocks or flipping houses. But more than likely what happens is they get scammed

Yep folks don't understand to normally build wealth takes time and I mean lots of time, commitment and laser like focus. Its the same way of getting rid of debt....normally folks who pay off debt (student loans, car, home and etc) had to roll up their sleeves not take any short cuts and dig their way out of it. Day after day, week after week, month after month, year after year. Keep plugging at it and attacking the debt....making it one of their main objectives with laser like focus.

Normally building wealth is the exact same thing.