The richest 10% own 70% of the country’s wealth

[MMS]

Everyone on the coli claims to have a consulting firm

Wonder what this is really code for? Selling insurance or some shyt?

maybe it's not code at all

consultants usually mean "freelancer in a suit" that fixes a VERY specific problem. I give companies data that they use to market with. Depending on who you talk too there is big money.

One of my peers sells data on people who need rehab and earns $50k per month from just one client :yungdro:

 

[winb83]

Everyone on the coli claims to have a consulting firm

Wonder what this is really code for? Selling insurance or some shyt?

its BS speak for they developed a hustle.

Thing is when people figure out a good hustle they don't give that info away freely. they hide it and protect it because that info is power. the info given away freely i won't say it's worthless but it's not the good shyt.

lots of people who say they're "consultants" did something for a company and left the company but continue to work in that field. if they still worked for that company it would be called a conflict of interest and a fireable offense. when they see the money in doing what they did on the side and cutting the company out they go that route.

 

[CrimsonTider]

its BS speak for they developed a hustle.

Thing is when people figure out a good hustle they don't give that info away freely. they hide it and protect it because that info is power. the info given away freely i won't say it's worthless but it's not the good shyt.

lots of people who say they're "consultants" did something for a company and left the company but continue to work in that field. if they still worked for that company it would be called a conflict of interest and a fireable offense. when they see the money in doing what they did on the side and cutting the company out they go that route.

I understand that

I’m saying on thecoli consulting is probably code for being in some type of MLM scheme

 

[MMS]

only on coli is being able to make money yourself a scheme

then turn around and complain that they are on the shyt end of the stick economically. It's painful watching folks justify poor mindsets

 

[winb83]

only on coli is being able to make money yourself a scheme

No it's that way everywhere. Go online and look at most successful people or people that seem successful and they're almost always trying to sell you something. People are constantly looking to take anything and turn it into some sort of product they can market and sell. If people aren't doing that then what they have isn't something that can be sold to others like that.

This is the way of the world man. Knowledge when it relates to money is either something you sell or something you protect if it can't be sold to the masses. Either the product is being pitched to you, hidden from you, or you are the product. It could also be any combination of the three.

Here's an example. Your cell phone company was selling you a service and then taking your location data and selling it to others. Probably burred their contract language to do this on some BS form they had you sign when you signed up for their service. Here you're being sold a product and you are also the product. They also tried to hide from the masses they were doing this.

 

[MMS]

No it's that way everywhere. Go online and look at most successful people or people that seem successful and they're almost always trying to sell you something. People are constantly looking to take anything and turn it into some sort of product they can market and sell. If people aren't doing that then what they have isn't something that can be sold to others like that.

This is the way of the world man. Knowledge when it relates to money is either something you sell or something you protect if it can't be sold to the masses. Either the product is being pitched to you, hidden from you, or you are the product. It could also be any combination of the three.

Here's an example. Your cell phone company was selling you a service and then taking your location data and selling it to others. Probably burred their contract language to do this on some BS form they had you sign when you signed up for their service. Here you're being sold a product and you are also the product. They also tried to hide from the masses they were doing this.

its not their fault that you don't read you just said you bought $10000 in televisions to keep up with the joneses (I seem to remember you saying you were a Bravia stan)

I was just on the phone with my partner shaking my head at this thread. People have no problem with the companies they've "bought" from (aka have been SOLD on) but everyone who buys X, Y, or Z they have something to say.

Not once do you see someone question whether the hibachi restaurant is taking you to cleaners on a $100 meal that cost $20 to serve I just think it's sad that black people have been trained to think sales is terrible.

Same folks will look up to preachers who sell access to jesus (tax free at that)

 

[winb83]

its not their fault that you don't read you just said you bought $10000 in televisions to keep up with the joneses (I seem to remember you saying you were a Bravia stan)

I was just on the phone with my partner shaking my head at this thread. People have no problem with the companies they've "bought" from (aka have been SOLD on) but everyone who buys X, Y, or Z they have something to say.

Not once do you see someone question whether the hibachi restaurant is taking you to cleaners on a $100 meal that cost $20 to serve I just think it's sad that black people have been trained to think sales is terrible.

Same folks will look up to preachers who sell access to jesus (tax free at that)

When you come from not having that stuff and all of a sudden one day you can get it that tends to be the reaction. People are brainwashed to be consumers. All day everyday they're bombarded with advertising. Corporate advertising is bad enough so when you're confronted with advertising in your normal day to day life it comes across as awkward.

 

[Secure Da Bag]

Bro take intellect out of your username. This made no sense.

I dapped him because I thought he was being sarcastic and talking about the corporate welfare.

 

[rapbeats]

Yahoo is now part of Oath
That's beyond immoral. 90% of the country owning 30% of the wealth. That 10% of the country holding all that wealth are just hording it. It's more than they'll ever need. Their great grand children will probably be spending it.

lol at their great grand children. we're talking billions upon billions, actually trillions.

their kids kids kids kids...kids..kids x 100 will never....ever spend it all. NEVER. EVER.

NEVER.

thats how you know its just a hoard thing for them.

 

[rapbeats]

I'm gonna be real man. The real reason people are poor has everything to do with financial education. It wouldn't matter what political system is in place.

You just said it took you a long time to figure that you didn't need so much. That said you still haven't figured out what real assets are. Assets are anything you put money into that can put money back in your pocket.

Think simple to see what I'm saying. Ask yourself how a chinese restaurant turns a profit and you'll start seeing the answers. Managing money isn't enough! You must realize the power of the dollar in order to become financially free and independent. When you hand money to financial advisors they profit off your dollars and ultimately give you what's left over (miserly returns between 5-20% if you're lucky). My business all generate 50% margins or greater.

I was in your shoes early last year and had a great plan in place to achieve FIRE within about 10 years. The only reason I discovered this side was my efforts to discover REAL side hustles which ultimately led to me discovering business and the true nature of capitalism. It shook me enough to leave my comfort zone and never look back.


Doing quite fine

all this is well and good but it has LITTLE to do with the topic at hand. and as many times you've responded to the threadstarer knowing good and well you responses dont address the original post. makes me think you're just on that nonsense trying to sound smart.


Let me help you along the way. lets say i'm financially literate. But I dont have anything to sell to earn more cash. Lets say my parents never owned a home, I'm the first financially literate rapbeat in the family. Lets say my parents died with no life insurance and didnt leave me a dime. Lets say before i became financially literate i took out a bunch of loans to goto college in hopes at least i will be able to own a home or two or three one day. so now i'm indebt for say 80k. lets say I make$55k per year, lets say i live in L.A. were the rent is high as hell and i can't afford to buy anything worth paying for. so i have to rent. Lets say i have a modest car, but i'm a tall bruh so i couldnt get something super small and super cheap, i need the leg room.

So with all of what you just said above. what the hell is that going to do for me in my virtual situation above?

Sure i can save SOME money, and pay down my debt. But I can't SAVE enough because i dont MAKE enough to have a down payment on a home or any other commercial property where i could flip it or rent it out/lease it out.

I have a 401k. but i dont make a ton of money so i only get a very little bit back in return.


Basically i'm saying this. people do a lot of talking about theory and not reality. The truth that they dont want to tell you is this. in order to do well, 9 times out of 10 you will need startup cash to invest in yourself, in your business, in your real estate venture(s), in your stocks. and you need enough of it to make a dent so you can flip it again a few times and now you move up the ladder financially speaking.


Lets say you played the gambling stocks game. lets say you found a nice stock that started out at 30bucks. and you jumped on at the start and knew more about the company than most. lets say you have the scenario above with a couple of kids. you and the baby mama aint together so there is no 2 parent household income thing happening. So now you have less $ to spare. so lets say you buy 100 shares. that will cost you $3,000k. You dont have that money to burn like that. but lets just say you had it and pray nothing bad happens anytime soon and you need another 3k to help. lets say you can afford to leave those shares alone for 5 years. lets say in the 5th year that stock is now $300.00. now you just made 30k. now you can have a little down payment money on something really small not in los angeles unless its a super fixer upper in the deep deep hood where ish happens on the daily. You could perhaps flip that 30k and make it work. but if for whatever reason you slip and make the wrong choice of real estate or investments with your first big money move. you will lose it all. and you will be back to square one again. you may not know of any other companies where you know them so well and know they will do that well again. and even that was a fluke.

but odds are you make 32k, and you dont have any real money saved more than 3k for emergencies only and you're already barely making rent. so you cant ever invest in anything that you can make real money on, which leaves you in this bad loop. barely have enough to rent and go to work to pay rent to go to work.......

This is what happens when the new society you live in was changed to favor the ultra rich. you are now destined to be poor forever. and they have laws on the books, to make sure that is the case and make sure you stay that way.

There's another reason why this big companies making all this money need to pay much more in taxes. or at least needs to be scared into it. the reason is that they still wont want to pay uncle same that money or not all of it. so they will have to put it some where so it can't be taxed. well that some where USE to be in the employees pockets as raises/bonuses.

if you have a choice as a billion dollar company to pay 500 mil in taxes or 500 mil in raisers and bonuses. you will most likely choose the later. this will give more spending power to your employees. which will make them happy. happy workers, produce a lot more than unhappy/depressed workers. so you the employer get a nice bump in production. in addition, these same employees give you great reviews online and offline telling the world how well you treat them. this then means other employees that need work are looking to join your great company. this is how you attract and retain great talent. another bump for you the big business owner.

This is also a country wide economic boost since people now have money to spend on things without wondering if they could make rent.

 

[MMS]

all this is well and good but it has LITTLE to do with the topic at hand. and as many times you've responded to the threadstarer knowing good and well you responses dont address the original post. makes me think you're just on that nonsense trying to sound smart.


Let me help you along the way. lets say i'm financially literate. But I dont have anything to sell to earn more cash. Lets say my parents never owned a home, I'm the first financially literate rapbeat in the family. Lets say my parents died with no life insurance and didnt leave me a dime. Lets say before i became financially literate i took out a bunch of loans to goto college in hopes at least i will be able to own a home or two or three one day. so now i'm indebt for say 80k. lets say I make$55k per year, lets say i live in L.A. were the rent is high as hell and i can't afford to buy anything worth paying for. so i have to rent. Lets say i have a modest car, but i'm a tall bruh so i couldnt get something super small and super cheap, i need the leg room.

this was me. Father died, no insurance, change LA for Boston.

and I was $120K in debt and did it anyways

why? because I'm not a poor bytch I was tired of feeling like a victim

saving is a sure fire way to stay poor.

EDIT - I'm not addressing the rest because it has one key fallacy that ensures poverty....Fear of discomfort. Fear of not knowing what will happen. Fear of failure

Fear is the reflection of cowardice! It was only when I put my life in my own hands did I find freedom.

The premise of the thread is why do so few people have so much wealth. And my last statement should tell you why. Fear.

 

[rapbeats]

this was me. Father died, no insurance, change LA for Boston.

and I was $120K in debt and did it anyways

why? because I'm not a poor bytch I was tired of feeling like a victim

saving is a sure fire way to stay poor.

EDIT - I'm not addressing the rest because it has one key fallacy that ensures poverty....Fear of discomfort. Fear of not knowing what will happen. Fear of failure

Fear is the reflection of cowardice! It was only when I put my life in my own hands did I find freedom.

The premise of the thread is why do so few people have so much wealth. And my last statement should tell you why. Fear.

you do realize you coudl be fearless all you want. you need assistance from someone(s) when you're at that level of poverty.

People confuse luck and a little preparation with "If everyone did this one thing" like a bad internet Ad.... then everything would be ok for them. when that isnt the case at all. It's like telling black people dont be a victim to white supremacy. while in reality no matter what they do, no matter what they accomplish they are still one white person away from destroying them. thats the reality we live in. you can lie to yourself but once reality hits you will literally go crazy because you have lied to yourself about reality for so long. there's no need for lies and general speak. yes a very small batch of people from the group of billions of black folks on earth make it happen. and its not due to their lack of fear. its based partially on financial blessings(which everyone doesnt get, doesnt mean you dont get blessed but $$ may not be yours), LUCK(a lot here, you did nothing more than any other person that has done the exact same as you but you were noticed some how some way), and someone helped you, or you aint telling your entire truth and you came form money.

its like using oprah as an example to other black people on what you can do. when in reality thats bad example. you dont use one offs, anomalies as Status quo and general rules of thumb. only people who do that are very poor people who need something to hold onto before they commit that.

 

[MMS]

you do realize you coudl be fearless all you want. you need assistance from someone(s) when you're at that level of poverty.

People confuse luck and a little preparation with "If everyone did this one thing" like a bad internet Ad.... then everything would be ok for them. when that isnt the case at all. It's like telling black people dont be a victim to white supremacy. while in reality no matter what they do, no matter what they accomplish they are still one white person away from destroying them. thats the reality we live in. you can lie to yourself but once reality hits you will literally go crazy because you have lied to yourself about reality for so long. there's no need for lies and general speak. yes a very small batch of people from the group of billions of black folks on earth make it happen. and its not due to their lack of fear. its based partially on financial blessings(which everyone doesnt get, doesnt mean you dont get blessed but $$ may not be yours), LUCK(a lot here, you did nothing more than any other person that has done the exact same as you but you were noticed some how some way), and someone helped you, or you aint telling your entire truth and you came form money.

its like using oprah as an example to other black people on what you can do. when in reality thats bad example. you dont use one offs, anomalies as Status quo and general rules of thumb. only people who do that are very poor people who need something to hold onto before they commit that.

So financial blessings or luck

ask yourself if you really believe it. Are you really that scared?

I spent 10K on credit cards and risked it all. It wasn't gambling that got me through but self-learning.

 

[winb83]

this was me. Father died, no insurance, change LA for Boston.

and I was $120K in debt and did it anyways

why? because I'm not a poor bytch I was tired of feeling like a victim

saving is a sure fire way to stay poor.

EDIT - I'm not addressing the rest because it has one key fallacy that ensures poverty....Fear of discomfort. Fear of not knowing what will happen. Fear of failure

Fear is the reflection of cowardice! It was only when I put my life in my own hands did I find freedom.

The premise of the thread is why do so few people have so much wealth. And my last statement should tell you why. Fear.

It's easy to tell somebody start a business and risk it all. That's generic talk with no actual direction or guidance. Like he was saying what's the common man with limited capital gonna even do to start a business?

You sound like one of those republicans that tells everybody to pull themselves up by their own bootstraps. I get what you're saying but at the same time there's no actual guidance in the condescending lecturing you're doing just like there's none in what they say. You are effectively walking up to a homeless man and saying "you need to focus on getting a job cause it would change your life." There's a difference between walking up to a homeless man and saying that and walking up to one and saying "I know a guy looking for manual labor and he'd pay you $80 a day for 8 hours work. Beats he hell out of standing on the off ramp of this express way with a sign begging for food. Let me give you info to get in touch with him"

In one of those there's actual guidance and direction and in the other it's just obvious yet worthless advice.

It'd be different is you were like here are a few businesses people can get into with limited capital and here are some resources about them.

 

[MMS]

It's easy to tell somebody start a business and risk it all. That's generic talk with no actual direction or guidance. Like he was saying what's the common man with limited capital gonna even do to start a business?

You sound like one of those republicans that tells everybody to pull themselves up by their own bootstraps. I get what you're saying but at the same time there's no actual guidance in the condescending lecturing you're doing just like there's none in what they say. You are effectively walking up to a homeless man and saying "you need to focus on getting a job cause it would change your life." There's a difference between walking up to a homeless man and saying that and walking up to one and saying "I know a guy looking for manual labor and he'd pay you $80 a day for 8 hours work. Beats he hell out of standing on the off ramp of this express way with a sign begging for food. Let me give you info to get in touch with him"

In one of those there's actual guidance and direction and in the other it's just obvious yet worthless advice.

It'd be different is you were like here are a few businesses people can get into with limited capital and here are some resources about them.

Ask yourself this:

Why should anyone help you?

And you'll understand why you financially stand still.

This isn't rocket science. It's not luck either. You don't need capital to create revenue. You need vision.

Speaking of the homeless man. If you saw the math I presented..he actually makes more money panhandling

if you gave a crap about building something foreal you would turn to youtube and start learning or somewhere. It just takes you.