Why’d that talk disappear
What happened to all the Generational wealth talk than ran rampant in our community a few years ago, we need to get back to it.
- Thread starter Standing on business
- Start date
feelosofer
#ninergang
Let's start with owning our own homes and dying with a proper life insurance policy so we have something to leave our families and build from there.
People can barely afford rent, groceries and healthcare expenses. Owning a home and starting a business is an ever fading dream for a lot of people The best a lot of people can do at this point is having a solid life insurance policy. There are things we can do individually but this whole entire system needs to be radically changed.
I believe in generational wealth for BLACK families aka Black husband, Black wife, Black kids.
UncleTomFord15
Veteran
Its still here. I became a millionaire in 6 months through forex and owning multiple LLCs
I have a course for sale that teaches our community how to overcome all of these obstacles.
Busted_Toes
Veteran
this
UpAndComing
Veteran
Because majority of Black people are defeated and rather Assimilate into White society. Why care about Black generational wealth when you can latch on to white people's generational wealth?
Getting a "better seat at the table" by championing the lesser of two evil white establishments are now seen as the better option
Getting a "better seat at the table" by championing the lesser of two evil white establishments are now seen as the better option
What a lot of ppl are afraid to think about because it involves death, but so damn important
Plankton
Superstar
You can't talk generational wealth realistically when too many Black Men across the united states have custody issues with their children to the point their children live with the mom and the mom and the dad aren't on the best terms. How can the mom install an impression of "Baby, you have to get good grades so you can take over your dads business when you get older" when the mom ain't even thinking like that let alone talking to her child about the dad like that?
The talk is cyclical. It'll be back with a new social media ready slogan in a couple years.
The collective action never happens though.
Buddy
FAIA (Foundational African In America) 😤
Muhfukkas started listening to Yvette Carnell and Tone Talks defeatist asses and all that bullshyt about "tHe DaTa ShOwS yOu WiLL nEvEr bE shyt iN LiFe."
"LooK aT Me, i WaS oN cApiToL HiLL & i'M sTiLL iN mY pArEnTs BaSeMeNt
"
"LoOk aT Me, I wEnT tO UcLa aNd i'M a LaWyEr fOr TrAfFiC ViOLaTiOnS. dO yOu KnOw aNyOnE CaUgHt rUnNiNg A sToP sIgN?"
"LooK aT Me, i WaS oN cApiToL HiLL & i'M sTiLL iN mY pArEnTs BaSeMeNt
""LoOk aT Me, I wEnT tO UcLa aNd i'M a LaWyEr fOr TrAfFiC ViOLaTiOnS. dO yOu KnOw aNyOnE CaUgHt rUnNiNg A sToP sIgN?
"
Unbothered
All Star
Well, building generational wealth takes time. What exactly do we mean by generational wealth? We can only control the wealth that impacts our personal lives and families, not community-based.
It's not as easy as some make it out to be as you have to come from a functional background in terms of family and choice of career can make a huge difference but family especially. I say family because those who come from strong, structured families already have the tools and support laid out in front of them; in other words, wealth was already established from previous generations, y'know, a “head start,” and obviously, the type of career/job plays a role.
If you come from a family that is sadly dysfunctional and overall not as structured, especially financially speaking, then it's gonna be harder to obtain wealth and save it for future generations because the need to live a good life in the present takes precedence.
Somebody working a standard minimum wage and above average five-figure salaries doesn't have the means or time to be thinking about building generational wealth. Whereas someone who is cashing in a six, seven, or eight-figure annual earnings can generate their family's wealth in a shorter span.
I'd say most Black people are focused on the cards in front of them by just trying to live a good life, y'know a nice job, car, taking care of family and loved ones, establishing a happy home, relationships/marriage goals, etc.
It's not as easy as some make it out to be as you have to come from a functional background in terms of family and choice of career can make a huge difference but family especially. I say family because those who come from strong, structured families already have the tools and support laid out in front of them; in other words, wealth was already established from previous generations, y'know, a “head start,” and obviously, the type of career/job plays a role.
If you come from a family that is sadly dysfunctional and overall not as structured, especially financially speaking, then it's gonna be harder to obtain wealth and save it for future generations because the need to live a good life in the present takes precedence.
Somebody working a standard minimum wage and above average five-figure salaries doesn't have the means or time to be thinking about building generational wealth. Whereas someone who is cashing in a six, seven, or eight-figure annual earnings can generate their family's wealth in a shorter span.
I'd say most Black people are focused on the cards in front of them by just trying to live a good life, y'know a nice job, car, taking care of family and loved ones, establishing a happy home, relationships/marriage goals, etc.