The point is that wealth building requires long term planning, thinking and in some cases inheritance.

I am not sure what your grandad did. But kudos to him for thinking about his descendants. Did you take that 10k and invest it, buy a home or pay off bills?

I am not judging or shaming but pointing out that often non black people do have an inheritance. Most black people I know pay off debt with an inheritance.

We have opportunities to grow wealth, many of us choose short term gratification.

Stocks, 401k, life insurance, estate planning and an inheritance should be common knowledge by the time every person is 25 years old. I didn't learn everything until I was about 35. But I did invest early which is a good head start.