Opinions of a self employed, 6 figure earning black man...

[Family Man]

I won't call this advice, but these are my opinions on what holds a lot of black men back from our FULL potential:

- Learn to adapt. You might have to learn another language to make more connections in business. This gives you an edge. How many of you brothers can speak Chinese or Spanish fluently? So many black american men can only speak English. Knowing more than one language is useful in many ways.

- Stop whining about what's "fair". Other races of men are not obligated to "share" resources. Are you going to build, or whine about unfairness in the world? Nobody's going to just hand you their fortune, you have to invest and build your own. Life isn't some fair, magical Utopia.

- Have multiple streams of income. It's not 1961 anymore. One "job" is not enough and could be gone tomorrow. This should be common sense but unfortunately for a lot of us it's not.

- Stop putting these rappers and athletes on such a high pedestal. Only time they should be listened to is if they're bosses giving out good investment or business advice.

- Stop being a reminiscing "back in the day" ass nikka, unless you have something to show for what you were doing back in the day. I.e. back in the day i invested and i made this much money. Or back in the day i started a business and it's still going strong. Nobody cares about raggedy hoes you piped 15 years ago or shoes you wore. What do you have to show for it?

- Stop thinking that masculinity means being overly confrontational, emotional, angry and argumentative. It's not. Those are feminine traits, and will hold you back as a man. If you can't think critically and are a crybaby or hot head, how will you lead a company?

- Stop lying to yourself by saying, "money doesn't matter" or "money can't buy happiness" etc. The only reason why you're saying that is because you're trying to make yourself feel better about not owning anything or having anything to pass down to your kids. Money makes the world go around.

- Get your OWNERSHIP game right instead of chasing p*ssy all afternoon after you get off your shift at Radio Shack or Wal Mart. If you had some ownership, you wouldn't have to be getting bossed around by Mr Charlie for $12 an hour, just so you can pay the rent for a house/apt that you don't own.

- Stop constantly whining about "the white man". Not only is it a waste of time, but Asians, Arabs, and Latinos, pretty much all men except the black man, has managed to open businesses even in BLACK areas, so it's not just "white men" in business and real estate, other races of men are too. The "white man" excuse for why you won't start a business is getting old. If you have time to cupcake with hoes on twitter, you have time to figure out business ownership. Or at least be self employed in some capacity.

- Stop thinking sneakers, phones and cars are worth more than they really are. As soon as nikkas get a little bit of money, we go buy a Mercedes, that depreciated as soon as you drove it off the lot. Open a BUSINESS first, buy some property, then you can flex later.

- Stop spreading and believing that slave, archaic mentality that your single mother had. There's nothing cool about slaving for Mr Charlie and having nothing to pass down to your kids. Your mama lied.

- Stop acting like the Arabs who own the gas stations and stores, Latinos with the Mexican restaurants, Asians with the restaurants etc are doing something wrong. That's right, that's what you call entrepreneurship and group economics. Don't hate on them like they're doing it wrong. They don't care if you don't like them anyway. They care about what you should, BUSINESS.

I'm a self employed six figure earning ($400k + in 2017) black man and most of your advice, except for having multiple income streams and your last point about entrepreneurship, is superficial bullshyt.

 

[YamakaSmacker]

Is it too late to join the wave?

Just a bunch of guys sweating buckets, stressing over $27 investments.

 

[streetknowledge]

#ironfacts

 

[Bumblebreh]

For all the entrepreneurs who claim to earn six figures, I have a set of questions.

How much capital liquid did you start out with?
What industry is your business based on?
How much money did you lose during the first or second year of business trading?
How much profit did you actually earn and how much did you actually pay yourself during the first few years of trading?
So did you start out paying yourself a salary of 20 or 30k a year?
Did you have to cut back your own cost of living and to make life changing sacrifices to reach your six figure goal?
Would you have ever predicted that you would be earning six figures?
How did you manage multiple businesses at the same time without being overwhelmed and were you able to run a business that was out of your comfort zone?
At what point did you experience your first failure?
How many hours on average a day do you spend working on your business/businesses?
What is the hardest part in running your business or being self employed?
What were the cons of scaling up for your business?So renting out bigger premises,taking on bigger deadlines and hiring new people
How many people did you employ?
What books do you read?

 

[Voice of Reason]

I'm a self employed six figure earning ($400k + in 2017) black man and most of your advice, except for having multiple income streams and your last point about entrepreneurship, is superficial bullshyt.

Could you offer advice please?

 

[Hater Eraser]

Opinions from another 6 figure brother

* Get your Multi-tasking level up to 1000 . Your mind has to be organized and able to complete tasks , delegate , decipher and compute problems at the same time.

* Get everything in your life organized. No seriously, Like OCD organized. The more you are the more you flourish.

* PAY YOUR TAXES

 

[Bumblebreh]

I think of it it like this as we all need to start from somewhere as you might be able to invest 5k and net 25k from sales within your first or second year of business trading.
So after paying taxes and other expenses you might still be left with five figures to invest again in marketing ,stock and improving logistics so your next goal would be to net 50k on your second or third year of trading after you have invested 10k.
Again you pay expenses, taxes and you could be sitting on 25k plus in your business account to invest, so on your third year of trading you have the experience and the discipline to invest wisely and have the target to net 75k if you can invest 15k and the formula continues.
If the third year has been good and you exceed your sales targets and you net 100k after you spend around 20k.
So the forth year of business trading you can be looking to net between 125k -150k as you will have a bigger budget,experience and an established seller brand but you might only net 100k but you might have to suffer a 15k loss.
So on your fifth year you are looking to net between 150k - 250k within your fifth year of trading and you earn maybe 225k so you do the math.

 

[the bossman]

nikka spitting the same surface level "stop complaining. ownership. business" every cheap motivational speaker has regurgitated. no offense, but it ain't no knowledge or insight in that post.

if you are going to make threads/posts like this, you should provide valuable information like which forms to fill, how to build credit, viable networking channels, how to get tax breaks, judicial advice for felons, etc. not this dumb shyt

nikkas post "stay off twitter, go open a business" and think they are gurus or helping in any manner

some gems mixed in with some bourgeois status quo propaganda bullshyt. 2 stars

Basically. nikka came across like a old ass Bill Cosby

 

[philmonroe]

That's a fair point but there are too many of these 'advice' threads that are not really saying anything. I don't think it's too much to ask for some concrete breakdown or at least how it has been applied in the posters life.

Oh as far as this thread I agree with you and that's why I posted what I posted the first time in this thread. I was talking in general when I said people could look up stuff it they really wanted to get better. Some people will then say it didn't tell you how to do everything so its not good advice. Them the type do people I'm talking about those who need the blueprint 10000% laid or else they can't seem to make a move. Maybe for these types it is fitting though because they probably that way with everything from getting girls to getting their body right etc. if they don't have all the info they don't make a move and that's why many are exactly where they are waiting for,the day when someone will reveal all the keys to success at the same time.

 

[Originalman]

nikka spitting the same surface level "stop complaining. ownership. business" every cheap motivational speaker has regurgitated. no offense, but it ain't no knowledge or insight in that post.

if you are going to make threads/posts like this, you should provide valuable information like which forms to fill, how to build credit, viable networking channels, how to get tax breaks, judicial advice for felons, etc. not this dumb shyt

nikkas post "stay off twitter, go open a business" and think they are gurus or helping in any manner

This

 

[SleezyBigSlim]

I won't call this advice, but these are my opinions on what holds a lot of black men back from our FULL potential:

- Learn to adapt. You might have to learn another language to make more connections in business. This gives you an edge. How many of you brothers can speak Chinese or Spanish fluently? So many black american men can only speak English. Knowing more than one language is useful in many ways.

- Stop whining about what's "fair". Other races of men are not obligated to "share" resources. Are you going to build, or whine about unfairness in the world? Nobody's going to just hand you their fortune, you have to invest and build your own. Life isn't some fair, magical Utopia.

- Have multiple streams of income. It's not 1961 anymore. One "job" is not enough and could be gone tomorrow. This should be common sense but unfortunately for a lot of us it's not.

- Stop putting these rappers and athletes on such a high pedestal. Only time they should be listened to is if they're bosses giving out good investment or business advice.

- Stop being a reminiscing "back in the day" ass nikka, unless you have something to show for what you were doing back in the day. I.e. back in the day i invested and i made this much money. Or back in the day i started a business and it's still going strong. Nobody cares about raggedy hoes you piped 15 years ago or shoes you wore. What do you have to show for it?

- Stop thinking that masculinity means being overly confrontational, emotional, angry and argumentative. It's not. Those are feminine traits, and will hold you back as a man. If you can't think critically and are a crybaby or hot head, how will you lead a company?

- Stop lying to yourself by saying, "money doesn't matter" or "money can't buy happiness" etc. The only reason why you're saying that is because you're trying to make yourself feel better about not owning anything or having anything to pass down to your kids. Money makes the world go around.

- Get your OWNERSHIP game right instead of chasing p*ssy all afternoon after you get off your shift at Radio Shack or Wal Mart. If you had some ownership, you wouldn't have to be getting bossed around by Mr Charlie for $12 an hour, just so you can pay the rent for a house/apt that you don't own.

- Stop constantly whining about "the white man". Not only is it a waste of time, but Asians, Arabs, and Latinos, pretty much all men except the black man, has managed to open businesses even in BLACK areas, so it's not just "white men" in business and real estate, other races of men are too. The "white man" excuse for why you won't start a business is getting old. If you have time to cupcake with hoes on twitter, you have time to figure out business ownership. Or at least be self employed in some capacity.

- Stop thinking sneakers, phones and cars are worth more than they really are. As soon as nikkas get a little bit of money, we go buy a Mercedes, that depreciated as soon as you drove it off the lot. Open a BUSINESS first, buy some property, then you can flex later.

- Stop spreading and believing that slave, archaic mentality that your single mother had. There's nothing cool about slaving for Mr Charlie and having nothing to pass down to your kids. Your mama lied.

- Stop acting like the Arabs who own the gas stations and stores, Latinos with the Mexican restaurants, Asians with the restaurants etc are doing something wrong. That's right, that's what you call entrepreneurship and group economics. Don't hate on them like they're doing it wrong. They don't care if you don't like them anyway. They care about what you should, BUSINESS.

Did your parents or grandparents pass down any inheritance to you? How did you have enough capital to go into business for yourself? Most cacs, asians, and frankly anyone that goes into business had some sort of capital passed down to them. The thing about that American dream that they don't tell you is if you come from a poor family you ain't gone be shyt.

 

[philmonroe]

you nikkas irrational like shyt

someone made a thread with a bunch of shyt that amounts to "stay off twitter, leave hoes alone, don't cry, open a business". i said that's a tired non helpful approach, you are a 6 figure earning black man and that's the best information you can pass on to others? and someone else replied to me with "google.com". do you guys not see how stupid that is?

i'm an "excuse maker" for telling brehs to provide more insightful and usable information if they gon make threads like this and for telling you that google ain't the cracked davinci code for life? fukk man

then your dumb ass proves my point in one of your posts:



see how you referenced meeting folks that are wiser/better? because that's how applicable knowledge gets passed to others hence me mentioning viable networking channels etc. the dude that made this thread is supposed to be the "folks that are wiser" and experienced in entrepreneurship yet all he could spout is a bunch of common sensical shyt, bottom tier motivational factors and respectability politics

you don't come on the coli and tell nikkas "stop liking booty pictures on IG, open a business" and act like you're passing on invaluable gems

"b-but you get the know how from experience". yeah breh, the average joe gon put his phone away and dive into the numerous business opportunities that emerge the moment you close your twitter app for said experience right?

nobody is telling you to fill forms for nikkas or to use your house as collateral to secure funds for a coli breh to kick start their venture, but if you're going to take this approach at least do something more helpful than tell nikkas to "own a business. don't buy sneakers". bet yall be the ones that later be on some "i was tryna put nikkas on game" after saying some shyt like that

but fukk it, yall can have it

I'm not irrational at all you just seem to hang around with cats that don't call you out on bullshyt. I called the OP out also so I'm just a believer of keeping it real regardless of how anyone may feel so I don't get how the fukk you irrational from that. Maybe you feel attacked and that's your retort.

No I don't see how stupid that is because dudes point was if you were trying to figure out how to do something you would look up the info yourself. No shyt if your dumb ass just google ways to are money with no fukking plan of course you going to feel confused. People should have a plan in mind before doing the googles in the first place. You ask cats to talk to a girl even if they don't know how they going to try to look something up because they know what they are looking for and the same applies here too. I think the problem is somebody hears a cat making money they just see/hear the money part but don't think about the shyt that it takes to get there and think it is always as easy as 1,2,3. Its usually not.

Like I said my man you should read my post in here and stop with the emo shyt like I said OP was right when I disagreed with the nikka from jump. I also disagree with you and google don't teach shyt. Cats need to stop being so fukking lost they just go wherever a nikka tells them they got money from. People need to have a venture to get into before they start trying to google or youtube something that's my point if you didn't get it by now.

 

[Originalman]

Opinions from another 6 figure brother

* Get your Multi-tasking level up to 1000 . Your mind has to be organized and able to complete tasks , delegate , decipher and compute problems at the same time.

* Get everything in your life organized. No seriously, Like OCD organized. The more you are the more you flourish.

* PAY YOUR TAXES

Yep and I would also say get you a GOOD tax person. Not some crook, but a good tax person who can give you all the write offs that they can find (unless you can do it yourself).

The H&R blocks, Jackson Hewitts and the rest short black folks millions of dollars a year. There are sista and brothas who should be getting 4k refunds but get 2k cause they went to H&R Block. Or getting 4k refunds when they should be getting 8k refunds cause they fukking with jackson hewitt.[/QUOTE]

 

[Uchiha God]

I'm not irrational at all you just seem to hang around with cats that don't call you out on bullshyt. I called the OP out also so I'm just a believer of keeping it real regardless of how anyone may feel so I don't get how the fukk you irrational from that. Maybe you feel attacked and that's your retort.

No I don't see how stupid that is because dudes point was if you were trying to figure out how to do something you would look up the info yourself. No shyt if your dumb ass just google ways to are money with no fukking plan of course you going to feel confused. People should have a plan in mind before doing the googles in the first place. You ask cats to talk to a girl even if they don't know how they going to try to look something up because they know what they are looking for and the same applies here too. I think the problem is somebody hears a cat making money they just see/hear the money part but don't think about the shyt that it takes to get there and think it is always as easy as 1,2,3. Its usually not.

Like I said my man you should read my post in here and stop with the emo shyt like I said OP was right when I disagreed with the nikka from jump. I also disagree with you and google don't teach shyt. Cats need to stop being so fukking lost they just go wherever a nikka tells them they got money from. People need to have a venture to get into before they start trying to google or youtube something that's my point if you didn't get it by now.

you are an idiot he made this thread, the onus is on him to provide insightful information instead of adding more spam to an already saturated internet space.

how is telling people to hit google useful in any kind of way? what's the substantial and applicable value in saying "if you are trying to figure something out, you'd look it up yourself"? do you not think that's common sense? read my post and you'll see i explicitly stressed that nothing of value was presented by either him or you, merely regurgitated common sensical shyt, bottom tier motivational factors and respectability politics. You, yourself, corroborated my point by highlighting how important linking up with experienced and wiser folks is, yet all the supposed experienced and wise folks in this thread can say is "hmm go look it up on google".

and i never said google doesn't teach shyt, i said google is saturated with misinformation and spam, and helping people filter through it is more helpful than adding to it. get your reading comprehension up.

I don't "hang around with cats that don't call out bullshyt", in fact the whole basis of this exchange is me calling the op and you on your non-helpful bullshyt. "aye nikka don't buy sneakers, hit google up and start a business". you dikkheads say shyt like that then feel good about yourself on some "i did my part to help the community and put nikkas on". clowns.

and don't quote me anymore, you're an emotional fakkit incapable of critical thinking and with poor reading comprehension that thinks telling people about google is giving them a blueprint to success and that anyone that calls you out on that dumb shyt, is lost or an "excuse maker".

 

[philmonroe]

you are an idiot he made this thread, the onus is on him to provide insightful information instead of adding more spam to an already saturated internet space.

how is telling people to hit google useful in any kind of way? what's the substantial and applicable value in saying "if you are trying to figure something out, you'd look it up yourself"? do you not think that's common sense? read my post and you'll see i explicitly stressed that nothing of value was presented by either him or you, merely regurgitated common sensical shyt, bottom tier motivational factors and respectability politics. You, yourself, corroborated my point by highlighting how important linking up with experienced and wiser folks is, yet all the supposed experienced and wise folks in this thread can say is "hmm go look it up on google".

and i never said google doesn't teach shyt, i said google is saturated with misinformation and spam, and helping people filter through it is more helpful than adding to it. get your reading comprehension up.

I don't "hang around with cats that don't call out bullshyt", in fact the whole basis of this exchange is me calling the op and you on your non-helpful bullshyt. "aye nikka don't buy sneakers, hit google up and start a business". you dikkheads say shyt like that then feel good about yourself on some "i did my part to help the community and put nikkas on". clowns.

and don't quote me anymore, you're an emotional fakkit incapable of critical thinking and with poor reading comprehension that thinks telling people about google is giving them a blueprint to success and that anyone that calls you out on that dumb shyt, is lost or an "excuse maker".

If I'm an idiot to you idgaf because your stupid as fukk and almost certainly a broke ass pleeb. You stupid idiot how can your dumb ass call me out for agreeing with you? Stupid nikka go back to Wal mart or whatever low budget job you work.

Who told anybody to use google as their main point? Wasn't me. I said if people really cared about something they wouldn't need somebody to break it down like they just came out the p*ssy yesterday. Two different things nikka. Also I'm not trying to give out advice so how is your pleeb ass talking some I'm not giving out helpful advice when I didn't claim I was? When I claim I'm giving out advice get back to me then. Don't try to twist my words like some bytch I did say you should get help from people but I definitely also added that that help usually comes after you start doing something on your own not off gp.

I'm an emotional fakkit when I guarantee you're a broke ass non reading from a whole family tree of non reading broke ass nikkas. FOH broke ass pleeb and learn to read you stupid bytch.