What's the best way for a black man to become wealthy in America?

[MJ Truth]

Also, asking people who aren't wealthy and don't know any wealthy people outside of what they read on the Internet how to become wealthy probably won't help you get there.

And that goes for me too.

 

[MalikX]

True wealth?

To be real, it's happened so infrequently that it's damn near impossible to say which is the best way FOR Black Americans to pull it off. You're only going to get a more generalized answer. And to be frank, people are just throwing up random occupations, when for the most part working for someone else isn't really the way to go about generating wealth, you generate it through ownership.

Rich people think of businesses the way average people think of houses.

 

[Master Teacher]

Got any links you can point me to about that bond strategy you mentioned?

No, I learned this because somebody told me say I way I told you. I gave away some real shyt for free, if you can't follow that rabbit hole, it's on you. I don't really know how else to explain it, if you knew anything about lines of credit or banking instruments you should understand.

So you probably need to start with learning about the different banking instruments and how each one can be leveraged, that's information you can find on the internet.

 

[1 other person]

 

[platinum f1a$k]

...

 

[Voice of Reason]

I appreciate everybody in here dropping
knowledge.

 

[thatdude954]

Or sell rock

or become a booking manager for women 18-25

 

[CarbonBraddock]

You have to want to be wealthy and make it a goal.

First you have to eliminate bills. Also sacrifice.

The best analogy I can give is too look at like you are fighting a boss in a videogame, that has multiple parts you need to kill to stop them from attacking you.

Bills and expenses of course are thinks that attack your money
Instead of living in house or a nice apartment, cash out a trailer, and live it in that. Now you can save money you would've spent on rent.

Instead of going to get a car note, go cash out a reliable used car so you don't have to pay a car note every month.

Now you have a roof and transportation already paid for. Now you can stack money no matter what your income is because you don't have to worry about being homeless.

If don't know how to buy and sell things for a profit just save your money. All you need is 100,000 grand to never work again.

Once you get 100,000 use to by a bond for that same amount. Take that 100,000 bond and take out a line credit against, the interest the bond generates will be enough to pay the monthly on the line credit, so now you can spend your money without losing it.

man what the fukk is you talking about

 

[CarbonBraddock]

Got any links you can point me to about that bond strategy you mentioned?

he doesn't have any proof and it probably doesn't work breh. he does this all the time, posts ways of 'getting rich' without any proof whatsoever and then he gets mad or ignores you when you ask him for clarification. by the way, this guy claims to be a famous screenwriter and a real estate mogul as well.

 

[James Gordon]

or become a booking manager for women 18-25

You mean professional talent manager

 

[dark_magic]

Tech?

Finance?



Pharmaceuticals



Other?

What's the best path to prosperity for a black person building from the ground up?

Read up on:

Law of Contracts
Lex Mercatoria (Latin:Law Merchant)
Accountancy

 

[13473]

if by pharmaceuticals u mean drugs, the average drug dealer profits $24k per year. not worth the risk

 

[Black Andy Dwyer]

Depends. Wealth and financial freedom revolve around how much time you give up in order to earn money. You can make six figures, but if you have to work 60+ hours a week to do so, you're trading most of your free time in order to earn that income.

But once you start tapping into residual/automated income, you're in a better position. For example, if I create a product and have to actively sell it at trade shows, expos, door to door, etc, I'm most likely only making money when I put the time in. But, if I've worked to create a system that utilizes marketing and other tools to create sales without me, I'm no longer trading my time to make a buck.

That's why real estate is such a huge avenue for wealth creation. You can buy some properties, hire a property management company, and just collect rent checks while you put your time and efforts into other areas.

 

[Black Panther]

Tech.

I make over $36k/year as a college dropout who works in IT. Once I earn these Microsoft certs I'm trying to get I'm guaranteed to make over $45-50k with no degree under my belt.

Had I stuck with my degree in Education, I would only be looking forward to $32-34k as a teacher (or $0k since I was going to be an art teacher )

Not to mention $15k more debt than I have right now.

 

[THOT CATALOG]

If you're street smart / have balls, you turn to fast money (drugs, gambling, crime) but end up dead/broke/in jail.

If you're book smart / have brains, you turn to corporate but end up paycheque to paycheque.

If you're one of the few with brains and balls, you either start a business.

alternatively you can check out of society (who needs expensive shyt anyways as long as you have access to free healthcare and welfare). live super cheap in a bummy apartment, grow your own vegetables. don't need to make money if you don't need to spend money. get a cheap computer and unlimited free entertainment online.