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Subject: "Wealth Building is Simple Math" This topic is locked.
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M2
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Sat Jul-19-03 01:27 PM

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7. "Wealth Building is Simple Math"
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>logic is that he sees wealth exclusively in conventional
>economic terms and ignores social engineering and how
>politics and government policy have been use to make some
>groups wealthy and other groups improvised. I don't have
>the all the solutions but I'm sure the solutions to Black
>folks predicament won't be answered in the orthodoxy of
>Forbes magazine or the wall Street journal.

While it is true that Politics and Social Engineering have caused some to be Wealthy and Some to be Poor - the solutions for building wealth are still the same, and don't change because of it.

Look at all the Black people who have incomes in excess of 50k - but have the wealth of Whites who make less than 25k, social-issues may be the root cause behind various financial missteps leading to that disparity. BUT - it doesn't change the fact that all one has to do, is change the way they manage their money and they can change the fact their total wealth is less than a poor White Families.

Black people spend too much money and don't save and invest enough, the solution to that problem is EXACTLY the same as it would be for a Blonde Haired, Blue Eyed White Family that spends too much.

A lot of our Problems (as Black People) are social, so we try to look at economic ones through the same Prism - thing is, they're just business/financial/economic problems that can be solved via the Orthodoxy of the Wall St. Journal.

Black Professionals, in terms of savings, financial stability and wealth - live like White Blue Collar People - regardless of the social issues that may have caused that situation - standard Wealth Building Practices can solve it.

In the end, it's just Mathematics.


Peace,






M2

The Blog: http://www.analyticalwealth.com/

An assassinís life is never easy. Still, it beats being an assassinís target.

Enjoy your money, but live below your means, lest you become a 70-yr old Wal-Mart Greeter.

  

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Does black america have real wealth? [View all] , Chris40, Fri Jul-18-03 08:55 AM
 
Subject Author Message Date ID
The Real Issue
Jul 18th 2003
1
So M2
Jul 19th 2003
2
My beef with M2's
Jul 19th 2003
3
the east indian community in houston
Jul 19th 2003
4
RE: the east indian community in houston
Jul 19th 2003
5
Based on What?
Jul 19th 2003
8
      I guess you have to see it to understand
Jul 19th 2003
9
           Okay.......
Jul 19th 2003
10
                lol
Jul 19th 2003
14
                     Abandon Fantasy
Jul 19th 2003
15
Missing the Point Entirely
Jul 19th 2003
6
At the risk of sounding ignorant..
Jul 20th 2003
18
      It wasn't meant as a Rebuttal
Jul 20th 2003
22
RE: So M2
Jul 19th 2003
11
Excellent Points
Jul 19th 2003
12
RE: So M2
Jul 20th 2003
17
      not nearly on the same level
Jul 20th 2003
20
RE: The Real Issue
Jul 20th 2003
16
Which only enriches certain individuals
Jul 20th 2003
23
      RE: Which only enriches certain individuals
Jul 21st 2003
28
RE: The Real Issue
Jul 21st 2003
30
      Prove me Wrong
Jul 21st 2003
31
In my center
Jul 19th 2003
13
the trend of convergence.
Jul 20th 2003
19
      RE: the trend of convergence.
Jul 20th 2003
21
           can u elaborate
Jul 22nd 2003
32
                RE: can u elaborate
Jul 22nd 2003
33
                     Further
Jul 23rd 2003
37
                          RE: Further
Jul 23rd 2003
38
the main issue
Jul 20th 2003
24
ding ding ding
Jul 22nd 2003
34
Defining Wealth Building
Jul 20th 2003
25
great post M2
Jul 22nd 2003
35
      Seek and you shall find
Jul 22nd 2003
36
nice read
Jul 20th 2003
26
80% of all Businesses fail in Five Years
Jul 21st 2003
27
I USED THE WRONG TITLE TO THIS TREAD!!!!
Jul 21st 2003
29

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