work with me here, i may have a hard time getting this out correctly.

last evening i was privy to a discussion about the importance of strong families in relation to the economic viability of a given community

it was said that a problem we have in many "under-developed" communities, is that instead of building families where financial responsibility is taught, and concepts of wealthbuilding are fostered, we just throw money into programs. the problem with the programs is that they are competing with the realities of the messed up homes.

for example. joe and sally hook up. have a kid. but don't stay together. now a situation is created where whatever income the two of them generate, instead of being combined and utilizing the overage (in regards to what it takes to feed, shelter, keep the lights on type of stuff) in a saving/investing manner...now has to sustain TWO seperate homes and lifestyles. in other words instead of combining two to make one, two has to support two...and no wealth is built as a result

even if there are programs in place to help find/create work...the fruit of that labor has to be spread thinner

also stated was the concept of wealth vs. "richness".

when you think of RICH people, you think of the oprahs, and bill gates types, but when you think of WEALTH (sustained richness) you think of families like the kennedys, carnegies, rockefellers, royal families

take the dot-com boom....a lot of folks got RICH, but they weren't wealthy because their "richness" didn't last. not even one generation later all that "richness" is gone (mainly because it wasn't real in the first place, btu that's a whole 'nother discussion)

in an environment where success is judged by how much you floss, how many times do you ever hear folks talk about leaving a legacy that can be built upon? and beyond the occasional "take care of my seeds", what about TEACHING them to that they won't have to start all over again learning the lessons you did? instead of "ball till you fall" why not live meager (yet comfortable) and leave something behind so your efforts will have longer lasting results?

instead of CONSUMING all that we make (i love these shoes/speakers/rims/video games/etc...i must have them. so what i don't have the money now, i'll charge them.) why not show your love for your kids/family (whether they exist yet or not) by squirreling some of that away?

from a strictly selfish standpoint, who is the bigger baller....the cat who drives a gas guzzling car with 24 inch rims and rubber band sized tires that'll go out of style the second the new model comes out...or the cat who seven generations later his descendants are STILL living off his money?

it's the whole saving during thre good times in preparation for leaner times thing which is SORELY lacking today.

going back to the family thing, if you've grown up poor in a life full of "wants" it's hard to deny yourself later on when/if you DO achieve some success.

on the flip, if you have the type of parents who overcompensate with stuff as a means of showing love, then you're likely to feel entitled to a certain level of "getting" such that denial will be foreign to you

are those of us who are all into building stronger communities through economic development spinning our wheels? think back a generation to all the wealth/opportunity gained through the civil rights movement...not one generation later how much better off are we? and how much of that do YOU think has to do withthe fact that individual achievement was stressed as opposed to a more global perspective where it doesn't matter so much that i'm the "first black" to do whatever if umpteen years later there are still only one or two more. and beyond that, if i took my gains, moved away...bought a fat crib and a bunch of stuff and now atthe end of my life those to whom i might leave it (assuming it or they exist) aren't equpiied with how to take my gain to a further level?

thoughts?

this is my kind of post...


your point makes sense to me, cuz fundamentally communities are made up of family (however you wanna classify "family") unite

so it would follow that if you have finacially-savvy families you would have the same type of community

i can't remember where, but i've read that (and seen) that most black folks don't teach financial literacy & principles in our homes. most of the conversations we have at home about loot are negative in that we're talkin about how we "don't have enough" or "can't afford this" or "don't answer the phone when the bill collector calls"

as opposed to learning and then teaching how the next generation can possibly avert our financial potholes.

so ultimately what usually happens is that we transfer "transgenerational debt" as opposed to "transgenerational wealth"

rich v. wealth

kinda the same as looking at someone salary v. their net worth

iot doesn't matter how much you make, if you're expenses exceed it & you aren't credit worthy

good post

� � � � � �
www.alienatlien.wordpress.com

i got soul.

and i'm super bad.

i wonder if it's a lead balloon in this environment?

� � � � � �
www.alienatlien.wordpress.com

i got soul.

and i'm super bad.

not to be a snob, but these are the folks who'll spend $1000 on video games or who put shoes in their avatars

i wonder if there aren't only a COUPLE of folks who'll "feel me"

no sense in preaching to the choir nahmeen?

but i'm sayin

i'm tryin to

build

strategize

and perhaps you can help me think of things that haven't passed my minds eye yet

b/c what may appear as mere board banter is actually part of my career that i hope will bless other people with the power to change their sitcha-a-shun

namean?

� � � � � �
www.alienatlien.wordpress.com

i got soul.

and i'm super bad.

but this is one of the reasons I hated that Newsweek article and the whole Essence magazine staff

you post...like a *BITCH*

-------------------

fuck it.
take ur fried chicken and move to Nantucket: www.freestateproject.org

as it pertains to the benefiting the whole community. like what was discussed yesterday here, a lot of people use this term to disguise their own individual wealth building.

are you seeing this as builiding an indepedent economy, or greater participation in the existing one?

>as it pertains to the benefiting the whole community.

i start a business in the community. the poepl in the community help to sustain my business. by doing that they don't only support me, btu they support the community because i don't just consume the revenue. i give jobs to folsk in the community. i help OTHER busnesses and organizations who have the same communal-building/sustaining plan

it's about LIVING where we spend, it's about the revenues not just coming in then flying out when the newest jordans come out

beyond that, it's not just about MY family becoming wealthy it's about ALL of us....to ensure that if someday my wealth does dwindle those who i helped will help me

how does economic development on the terms you presented change our realities?

and is not dependent on the programs/handouts/whims that others deign to "give"

addiditionally, a community that is stronger in totality because it has a wider base of wealth (and more power to impose that power on a wider scale...ex. better schools, better structural facilities, more say in what gets "put" in their communities by corporations and the government)

seems a little week.

the dependency will be there until there is a second &, more importantly, viable economy. your job, your store, your house is still dependent on a greater economic system.

it's a good start, though.

>>as it pertains to the benefiting the whole community.
>
>i start a business in the community. the poepl in the
>community help to sustain my business. by doing that they
>don't only support me, btu they support the community
>because i don't just consume the revenue. i give jobs to
>folsk in the community. i help OTHER busnesses and
>organizations who have the same communal-building/sustaining
>plan
>

Look at most affluent communities, the people who live there work elsewhere --- the community is affluent because of the incomes of the people who live there.

Also -- imagine how big your business would have to become to have a significant impact on your community. Think about it --- a large corporate park that employs 5,000 people who spend in the community they work in is going to impact the finances of a community a lot more, than a small business that only employs 3-7 people.

Its a simplistic view to think that just by starting a business in a community, is going to cause significant economic development in that community.


-M2

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

An assassin’s life is never easy. Still, it beats being an assassin’s target.

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

he's talking about a small business.

http://breddanansi.tumblr.com/

>he's talking about a small business.

But isn't he?

How can you start a large business that's centric to one community, particularly in this day and age?

If you're to become a major employer, your business is going to span, employ and generate revenue from several communities -- making it non-community centric.

M2

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

An assassin’s life is never easy. Still, it beats being an assassin’s target.

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

>>he's talking about a small business.
>
>But isn't he?

He didn't specify.

Plus you're going on some sort of Michael Dell type assumptions.

It need not be that big, to really mean something to a community.

El Galindo's tortilla factory is local. He employs at least 30-50 people from the East Side, and serves the whole state with tortilla chips.

My old stomping grounds, had a grocery store/super market that employed more than 50 folks

There all sorts of things that you can do that can employ a good # of people in your area.

But the main point is that you're shooting down a strawman, and you shouldn't be so quick to assume.

http://breddanansi.tumblr.com/

>>>he's talking about a small business.
>>
>>But isn't he?
>
>He didn't specify.
>
>Plus you're going on some sort of Michael Dell type
>assumptions.
>
>It need not be that big, to really mean something to a
>community.
>
>El Galindo's tortilla factory is local. He employs at least
>30-50 people from the East Side, and serves the whole state
>with tortilla chips.
>
>My old stomping grounds, had a grocery store/super market
>that employed more than 50 folks
>
>There all sorts of things that you can do that can employ a
>good # of people in your area.
>
>But the main point is that you're shooting down a strawman,
>and you shouldn't be so quick to assume.

True -- but 30-50 employed people will not economically empower an community, particularly since many of them will be on the low end of the economic scale -- think how large a community is.



-M2

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

An assassin’s life is never easy. Still, it beats being an assassin’s target.

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

and don't negelect that i didn't just say "start a business"...that's just part of the chain

you build greater income in the area by providong JOBS for people in that area

the starting the business was step one in sustaining

again...look at the areas you think of: they provide jobs for the kids and adults. when outside companies see there is a solid base, they put grocery stores there, they put things there that will LAST as opposed to being fly-by-night. they INVEST in the community. little stupid stuff like supporting little league teams and sponsoring community events.

that stuff matters

>and don't negelect that i didn't just say "start a
>business"...that's just part of the chain
>
>you build greater income in the area by providong JOBS for
>people in that area
>
>the starting the business was step one in sustaining
>
>again...look at the areas you think of: they provide jobs
>for the kids and adults. when outside companies see there is
>a solid base, they put grocery stores there, they put things
>there that will LAST as opposed to being fly-by-night. they
>INVEST in the community. little stupid stuff like supporting
>little league teams and sponsoring community events.
>
>that stuff matters

Most of the people who actually "work" in an affluent community don't work there -- sure, you have jobs for teenagers at the Grocery Store, but those jobs don't really comprise a significant portion of that area's wealth.

The adults working at the staples or the Pathmark, probably don't live near me -- ditto for the town I lived in outside of Philly.

Affluent communities typically create jobs and money for people who live in OTHER communities.

Little League teams are nice -- but again, not the source of the area's wealth or affluence.

Supposedly -- nearly 60% of the people who live around me work in NYC....think about it....they bring in $ from elsewhere -- out of the ramaining 40% a lot of those people work in various corporate parks in and around NJ -- but not in this general area per se...or don't work at all.

-M2

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

An assassin’s life is never easy. Still, it beats being an assassin’s target.

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

It seems we as black people need more information on managing wealth than creating it.The concept of putting a little money in the nest egg and/or investing is still strange to us.Lifestyle plays a part too i guess.The obsession with gear,whips and whatnot.I remember reading somewhere that 80% of rich ceo's wear watches priced under 100$.Not that people blow all their money on watches,but the principle itself.I'm guilty of this myself,when i get my paycheck the first thing i do is go out and get something nice,eat out,take cabs,etc.etc.Day by day existance,and hand to mouth salaries.I'd like to hear some thoughts on solutions,ie.the bigger picture,as a diaspora,how could our money collectively be put towards our benefit.Jewish people do it,a lot of asians too,why not black?.

http://perspectivesudans.blogspot.com/
instagram:@3rdworldview
Blessed be the Lord /who believe any mess they read up on the message board

my g/f came from a 2-parent home. both her parents went to howard and were the first in their generation to attend college. the amount of shit this girl knows about investing money and her overall financial responsiblity was amazing to me. after mtg. her mom, i found out why. she educated her kids on savings and interest and financing property or purchases. she schooled them on cd's and budgeting their earnings so that they could save.

my parents had bad credit. the got credit cards and ran them up. they used the income tax refund to go shopping. i'll never forget we had $500 wallpaper int he living room. the lessons were totally different. they bought vacations they couldn't afford on credit.

her parents were more educated than mine and were still together and i'm sure that made all the difference. her mom grew up poor and explained that she made sure her kids learned all the lessons she never did.

even now, i find it rather hard for me to save and be as financially responsible as i would like. i know part of the reason is b/c i support myself completely and i live in a metro area. but a gross amount of it is my lack of discipline. i find that the only way for me to sucessfully save it to make money that can't be touched. i've managed to save $2000 in my 401K in 6 months. now i'm looking into accounts that can't be touched that will allow my money accumulate and grow interest. i know it's possible, but i'm learning slowly.

i would like to accomplish that if i'm to ever procreate. those are very important lessons that can make all the difference in the sucess of future generations.

Same deal with me, both my folks were first generation college students and my dad through connections he met in college learned how important investing is. He put money in mutual funds and safer investments and its those investments that are paying for my schooling and their retirement. He instilled in me the importance of thinking about tommorow money wise, about keeping savings, but also once i get out of school when i get my first job I need to start thinking about investments for retirement or college, even though i'm nowhere near havin kids, its always good to look ahead. That is very important how we as a people need to learn how to sustain our wealth and once we've made the money have it work for us.

how do people who know better start to teach people that their financial goals aren't so far outside their reach

i think there's some sort of paradigm shift that needs to happen and i'm wracking my brain tryin to figure out how to effect that sort of change

� � � � � �
www.alienatlien.wordpress.com

i got soul.

and i'm super bad.

>how do people who know better start to teach people that
>their financial goals aren't so far outside their reach

i dunno.

how do you convince it's someone it's better to live "just enough" for longer than it is to "ball till you fall"

especially in a climate where everything else is all about the NOW

>i think there's some sort of paradigm shift that needs to
>happen and i'm wracking my brain tryin to figure out how to
>effect that sort of change

desire to help is one thing...but if the folks you are trying to help ain't trying to hear you: you're stuck

that's what makes this whole thing so insidious

i guess it's gotta start young and then be stressed to the parents BEFORE they become parents

that whole bit about having two sustain two as opposed to two sustaining one is real

think of how many deadbeat dads, or goldigging moms there are...

in both cases SOMEBODY isn't able to maximize the value of their earnings

i run across people all the time who are amazed at how little things can begin to turn their financial misfortune around

too many folks count themselves out of the game before htey even step up

not to say that your point about people wanting to help themselves aint valid, just addin to the mix that there are (lots of) those who are want to make it better & just have no clue how/...or that its even attainable for them.

� � � � � �
www.alienatlien.wordpress.com

i got soul.

and i'm super bad.

it's not just programs but programs without education that are more of a bandaid than an actual healing agent. community development is a viable source of revitalization but without proper education and community support things won't change. wealth will not be sustained or even gained without people realizing they need to obtain and share information. but these same individuals are suspicious and wary of need people and ideas. more often times than not they have outlived the majority of the help programs that have come into their area.

i grew up in a 2 parent, and more often times than not, 2 income household where their credit was jacked. and outside of them saying don't bounce checks and pay your bills on time, i wasn't taught how to manage funds. now it's on me to learn those things and in turn share the information. it's all about understanding you are not responsible for only you.


I used to get high on life, but I developed a tolerance. J-Sun

...she had a body like a cello with legs
i mean the ass was absurd
long neck
smooth skin
pretty face
cookie nipples
eyes wide as her hips
full lips between dimples

i grew up in a 2 parent, and more often times than not, 2 income household where their credit was jacked. and outside of them saying don't bounce checks and pay your bills on time, i wasn't taught how to manage funds. now it's on me to learn those things and in turn share the information. it's all about understanding you are not responsible for only you.


and this is critical part that education & support of got to change

� � � � � �
www.alienatlien.wordpress.com

i got soul.

and i'm super bad.

- the serious transfer of wealth and knowledge needed to get that wealth from parents to children

- yet another post about the conspicuous consumption of black people

Although the 2 might be related, I'm not exactly sure which one you are truly interested in. Option 2 is the easy one that everyone can talk about and point fingers @ rappers and athletes, and Lil J down at the club. Basic thing to come out of Option 2 - buy less junk, save more, live modestly - Possibly you could talk about the motivations to be sitting on 24's (generally it's for 34D's or the ass equivalent, lol)

Option 1 is more difficult to talk about, because on the periphery of it, I personally don't run into people that transfer their wealth to their children.

I'll use a personal example.

Grandma Joyce was fiscally tight her entire life. She was an R.N. and I'm assuming she stacked chedda (nurse's get paid. It's the equivalent of being a mechanic for women, when done right) Either way, she owned 2 houses in BK, and rented them out.

So when she retired, like all Jamaicans from NY do, she went to some god awful part of Florida and bought a house. For whatever reason, she took out a mortgage on her house, but didn't get that "in case I die insurance"(maybe it wasn't available to her @ her advanced age).

I don't know the exact figures, but she went to FL with money in her pocket. After she passed, she split the property btwn Ma Dukes, My favorite Aunt, and my cousin who lived with her. Funeral was paid for (as black people have a very weird thing about not wanting folks to go broke paying for a funeral), but the mortgage on the house was not.

So here's the problem
- money owed on the house
- 3 different owners, one of which is a minor
- not the greatest place to rent to people

As you can tell, one of the 3 people, ma dukes in this case, was saddled with all the responsibility of owning and renting a house in another state, but unable to get out of the property. (now that I'm half a semester deep in the game, I might be able to help lol)

But going to your point

We all thought Granny knew how to handle her money, but @ the end of the day, Granny left her family with serious financial problems

And I'd like to add Ma Dukes knows how to make money stretch, but at significant cost to her credit. So the knowledge of keeping one's financial affairs in order were not passed from Mother to Daughter. (and this seems to be common among black moms of a certain age)

What can we all learn from this?

- investing in stocks and bonds and real estate is a good thing
- but you have to teach these skills to your children, and hopefully give them a hand in running it, so that when the times come, they know how to handle it.
- when it comes to moving your life's possessions to the next folks, you have to think long term. In case of a problem, how are my heirs gonna deal with my belongings and possessions.

I've read a good # of those "Rich Dad, Poor Dad", "Courage to be Rich" type books. (it's usually cause the one that is hot at the moment is checked out, and so I just pick up the books in that section of the library) Nothing really brings that sort of information home like it happening to your own family.

one
k. orr

http://breddanansi.tumblr.com/

estate planning & retirement planning

i dind't even know this stuff existed until i was 17

and i didn't even know these types of issues are of concern to non-billionaire people until i was 20

but a rule of thumb is: every major activity in life (having kids, college, buying houses, cars, gettin sick, dying, and TAXES) need to be FINANCIALLY PLANNED for..otherwise it can/will cause tremendous hardship for you & those around you.


even if all you have is debt & bad credit you need a will

i think part of the problem in the past has been that there weren't a lot of minorities in the field of estate/reitrement planning, but that's changing so hopefully knowledge will start spreading.

� � � � � �
www.alienatlien.wordpress.com

i got soul.

and i'm super bad.

I want to take some courses on it, but I don't know if would ever be my life's work.

http://breddanansi.tumblr.com/

"that issue made me go and listen to deady to die again"
~our favorite nyokp

_______________________________________
U make me feel like cookies, yo. (c)DeePhunk

i have no children nor or a mate

i think right now i realize the deterremetns of my spending habits

however im taking steps to resolve it

very slowly

but yea i mean what i buy i buy for me what i save i save for me

this idea of a family is like nonexistent for myself my parents got theirs and i expect to get mine

but it will be nice to have some assitance later on

i think financial managment needs to be taught in school and i dont mean college

_______________________________________
U make me feel like cookies, yo. (c)DeePhunk

on the strength a person would buy the rims cause they figure hey they only like 2 or 3 now I'll wait till she get older. We don't think abou the future but for the right now and we live in the meantime. But I think the expansion process should be once you create something whether its a business or whatever to expect not that the person carries out the company the same way but to flip if to fit the times of today. but people don't think like that, thats why even in the drug game things stay the same.

GOD first...and the trumpet is blown

dbledeucecake(aim...hit me)
http://www.myspace.com/poetry2soul

-December is Nina Simone month, look out for it!!!

like i said i dont have kids

im trying to finance my graduate school education right now

_______________________________________
U make me feel like cookies, yo. (c)DeePhunk

>out the company the same way but to flip if to fit the times
>of today. but people don't think like that, thats why even
>in the drug game things stay the same.

cookup at the push of a button

* *
-We all dropped out of school, man. That’s why.

-"I’m the biggest one; I’m gon’ to get shot. I’m bigger. They can see me first."

-I let Nashawn fight all of them. Me, I will fight anyone of them in their crew. I will fight their security g

i mean i realize the issue cause ur black but i dont want people to think its just us living beyond our means

cause i know many chicks out there getting over on men and their parents for financial support and they aint black

_______________________________________
U make me feel like cookies, yo. (c)DeePhunk

there are tons of others out there not doin any better

perhaps proportionately more black folx fall on the short side of the economic gap tho?

� � � � � �
www.alienatlien.wordpress.com

i got soul.

and i'm super bad.

i speak of this community because that's where my interests lie

but the point is valid "it ain't JUST us" doesn't take away from the fact that it IS still us

especially when we're on the lower end of the totem (as stated)

>i speak of this community because that's where my interests
>lie

I don't know why you have to keep putting this disclaimer in.

http://breddanansi.tumblr.com/

it was more for other people reading

_______________________________________
U make me feel like cookies, yo. (c)DeePhunk

but sometimes we compound a bad situation by buying into the stereotype that to be black is by definition to be broke and that everyone else has has got it together

its that psychological trap that unnerves me, not the statistics

� � � � � �
www.alienatlien.wordpress.com

i got soul.

and i'm super bad.

i just know what i see around me

and besides, what makes a lie (stereotype) good is how close it is to the truth from an elemental standpoint

it wouldn't get fostered if there weren't SOME truth in it

buying into that hype isn't useful

people begin to use it as a crutch & reason for inaction

"white people got ALL the power & waelth anyway, so i might as well take my money and get these rims/cars" type philosophy

instead of realizing that with every dollar you have you are either empowering yourself or transferring that power to someone else.

not arguing the possible validity of that stereotype, just sayin move on from that onto something you can build on

� � � � � �
www.alienatlien.wordpress.com

i got soul.

and i'm super bad.

(got tired of readin) come on mayen, you know the answer that...

www.sandeinteriors.com
http://www.youtube.com/user/wugambina

First, take at this thread - http://www.okayplayer.com/cgi-bin/dcforum/dcboard.cgi?az=show_thread&om=2823&forum=DCForumID1&viewmode=threaded


Second -- I think that this issue goes far beyond Family Structure, it has to do teaching (and more importantly) teaching sound financial management practices to your children.

The problem (IMO) is three-fold:

1. Blacks don't realize the power of the money they do have - a lot of Blacks think of themselves as poor (or just getting by) even when they have an average income. As a result, the state of their finances becomes a self-fulfilling prophecy where even though they could save some money, buy a house, invest, etc --

2. A culture of consumption -- the biggest financial priority most Blacks have is to spend money, not save it -- as a way of "spending away" economic stereotypes or impressing people.

3. (See Above) - A lack of financial role models, my Dad invested in the market, real estate and was a wizard when it came to financial management. -- So where do you think I got my habits came from?

Granted -- as other people's ascended into the Middle Class ranks they were slow to adopt solid wealth building principals, but without the culture of consumption, they were a lot better off.

4. Lack of financial knowledge -- we don't consider things like Mortgage Insurance, Protecting our Credit, Saving for Retirement or even evaluating where we buy our home with regards to future property values.

Its because of the reasons above that a lot of Black Professionals live like they're Blue Collar....


Better yet -- most people on the boards have been to college, right?

My white classmates were looking to save money, buy a house, invest, etc -- with the money from their jobs & careers.....

All my Black Classmates did was talk about cars.



-M2

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

An assassin’s life is never easy. Still, it beats being an assassin’s target.

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

do you currently or do you have any interest in teaching others how to do what was taught to you?

outside of this forum of course

� � � � � �
www.alienatlien.wordpress.com

i got soul.

and i'm super bad.

>Second -- I think that this issue goes far beyond Family
>Structure, it has to do teaching (and more importantly)
>teaching sound financial management practices to your
>children.

without a solid example of that at ground ZERO, where they supposed to get it from?

if mamma/daddy is too broke to save...then what?

they turn on the telly and see *BLING*

even if parents teach fiscal responsibility (ie not gathering bad debt) that's still not planting a seed at how to do more than live check to check


i read your list and truth be told it validates my point about a strong family support structure

you're like proof positive

>without a solid example of that at ground ZERO, where they
>supposed to get it from?

Its called recognizing the value of financial management and picking up a book -- I'm not trying to sound Daft, but there are millions of Americans (myself included) who spend a lot of time, learning as much about financial management as they can.

>if mamma/daddy is too broke to save...then what?

Read above -- you can still learn and teach your kids to do better. I know people who grew up in dirt poor surroundings who were still taught that when they made it, that they could do better with their money.

>they turn on the telly and see *BLING*

See above.

>even if parents teach fiscal responsibility (ie not
>gathering bad debt) that's still not planting a seed at how
>to do more than live check to check

Read above -- if you teach the lessons, focus on building your own career and income - the kids will know what to do when the time comes.


>
>i read your list and truth be told it validates my point
>about a strong family support structure

Not really -- the importance is the lessons, which can be taught by a single-mom or a two-parent family.

I know a lot of people who were taught how to be a good money manager by single-moms/dads.

My parents are divorced and my home life with regards to family structure wasn't always great - but I was given a subscription to Business Week & the Wall St. Journal when I was 11.

The focus on the family unit, sort of ignores the actual financial lessons.


-M2

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

An assassin’s life is never easy. Still, it beats being an assassin’s target.

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

Is given little respect by a lot of people -- with the emphasis being on community economic development.


What's wrong with focusing on your and yours when it comes to financial development?

You can't depend on your community to get YOUR finances in check or to build wealth for everyone, particularly when you look at wealth communities nationwide, the people who live in them DON'T WORK TOGETHER -- its a wealthy community because everyone built their own wealth and then moved to that area or rather just live there.

People need to stop looking "outside their home" for wealth building, because in the end, you have to do it yourself -- it won't matter how many businesses are started by your neighbors or the wealth your neighbors have, if you don't focus on building your own wealth.

This whole "community economic development" myth needs to stop if we're going to actually build financial strength.

It starts in the home, you have to learn how to manage your own finances, develop your own career and build your own wealth...what the community is doing has no bearing on how you develop your own wealth.

If everyone focused on their own families and build their own financial strength -- they would then be in a position to work together in some cases, (As in two friends start a business) - but sitting around worrying about where people of a certain income level live or looking outside your home for your future economic strength or affluence -- is not the way to go.

People need to look at their own financial resources and their own talents to build wealth - even when various other groups work together, they did put in a lot of work to build wealth on their own or rather are both coming from a position of strength and knowledge on how to build wealth.

So its still not a case of looking outside the home..





M2

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

An assassin’s life is never easy. Still, it beats being an assassin’s target.

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

the point is that if all you do is get rich for delf, then your wealth goes when you go

nothing wrong with you doing for delf, but if you do then leave to go join THEIR community (whomever they might be)...how does that benefit anyone BUT you (and the "new" community you left for)?

i'm not glossing, and this isn't the typical "stay in the hood" type speech, but at the same time...we all recognize the emportance of environment and examples

yeah, without helping yourself you can't help anyone else....but you don't have to HOARD either

>the point is that if all you do is get rich for delf, then
>your wealth goes when you go
>
>nothing wrong with you doing for delf, but if you do then
>leave to go join THEIR community (whomever they might
>be)...how does that benefit anyone BUT you (and the "new"
>community you left for)?

You missed the point -- any wealth I have -- benefits me and can benefit my family. It doesnt' benefit my neighbors -- that's the myth, that people benefit from the wealth of their neighbors.

e.g. The wealth of my neighbors does nothing to benefit me -- aside from increasing my property values (and I don't plan to buy for a year -- so that doesn't even matter).



>i'm not glossing, and this isn't the typical "stay in the
>hood" type speech, but at the same time...we all recognize
>the emportance of environment and examples
>
>yeah, without helping yourself you can't help anyone
>else....but you don't have to HOARD either

Who says I'm Hoarding and how would I be helping these people by just living near by?

Think about -- articulate the economic benefit...

You can't really benefit from someone else's wealth....unless you're in business with them and even then, you may not......




M2

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

An assassin’s life is never easy. Still, it beats being an assassin’s target.

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

if you apply your wealth to someing that DOES benefit the community as a whole, then they benefit

indirectly, yes

but the viability of the entire community benefits everyone in it

again, if i spend my money with mom and pop store, then mom and pop store can not go broke and close, if they put money into some sort of community fostering investment then my neighbors do benefit because they now live in a "better " neighborhood

if there are enough mom and pops and they all "plug back in" then more people with high incomes are created....even at minute levels .01 in is better than nothing...espcially as those .01s add up

>if you apply your wealth to someing that DOES benefit the
>community as a whole, then they benefit
>
>indirectly, yes

What are these somethings?

>but the viability of the entire community benefits everyone
>in it

But the viability of the entire community is often build by people working independently of each other.


>again, if i spend my money with mom and pop store, then mom
>and pop store can not go broke and close, if they put money
>into some sort of community fostering investment then my
>neighbors do benefit because they now live in a "better "
>neighborhood

Yes they can - you realize that the reasons Mom & Pop's often fail is often due to poor Business Management or larger, more efficient competitors effectively crushing them out of business?

Also -- the owners of the Mom & Pop often live elsewhere --- not to mention the fact that Mom & Pop's are becoming fewer.


>if there are enough mom and pops and they all "plug back in"
>then more people with high incomes are created....even at
>minute levels .01 in is better than nothing...espcially as
>those .01s add up


Not really -- read above regarding where owners of Mom & Pops live.

Furthermore, you really need to articulate how exactly these Mom & Pops will plug back into the community.

Something a theory doesn't actually work in economic reality.



M2

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

An assassin’s life is never easy. Still, it beats being an assassin’s target.

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

it's all mom and pop places, but Mom and Dad is not from East Austin, they from another country.

one
k. orr

http://breddanansi.tumblr.com/

are they doin any better than them other catz on your block who drive a bus, work at ups, security gaurd, etc etc ?

if the answer is no (i tend to believe it leans that way, at the least), the discussion is moot

* *
-We all dropped out of school, man. That’s why.

-"I’m the biggest one; I’m gon’ to get shot. I’m bigger. They can see me first."

-I let Nashawn fight all of them. Me, I will fight anyone of them in their crew. I will fight their security g

>are they doin any better than them other catz on your block
>who drive a bus, work at ups, security gaurd, etc etc ?
>
>if the answer is no (i tend to believe it leans that way, at
>the least), the discussion is moot

But at least they own something -- but at the same time, they may have less financial security if something happens to them.

I have known people who were self made millionaires off of owning several convenience stores or motels, so the key is to keep building from the Mom & Pop level.

Sort of like how I focus/picture/guide my own business efforts -- "Capitalistic Aggression" being hell bent to develop your business into as big an organization as possible.



M2

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

An assassin’s life is never easy. Still, it beats being an assassin’s target.

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

We have a Deli down the street -- those people live around here.

Other than that, its all residential until you drive about five miles and then you just hit strip malls and convenience stores --there are a couple of locally owned places & diners -- not sure where those people live.

Business ownership can vary widely between neighborhoods -- in my experience, the poorer neighborhoods have more Mom & Pops than more upscale ones -- on the other hand, the affluent neighborhoods have larger Mom & Pops -- large landscaping companies, professional services, or you have a cases where someone might own several Gas Stations, Motels, etc in a certain area.


-M2

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

An assassin’s life is never easy. Still, it beats being an assassin’s target.

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

and a diff. expectation of what people are like and what they should be.

Everything else is on point, but the real disagreement here is based on premises.

http://breddanansi.tumblr.com/

>and a diff. expectation of what people are like and what
>they should be.

Articulate that?

What do you think my Agenda is?



M2

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

An assassin’s life is never easy. Still, it beats being an assassin’s target.

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

In fact, I think your view on this topic is more realistic, and bound to produce better results. However there are certain expectations you have of people that both orlando and mareva don't share. (that they are rational actors that should be motivated by self interest.)

Your understanding of business and how it works, and economics is more realistic (although based on what seems to be only one model of how to "employ" a community"), your understanding of why people don't do this is not as realistic.

And to put more words in people's mouths, orlando's and mareva's is more realistic in how folks that don't care about striving and not struggling, but possibly their understanding of how to do so is a bit off.

This is just like the post you had with Uta in activist, where he called you out for your assumptions.

Nothing more, nothing less.

Agenda is a loaded word, but that's not how I meant it.

one
k. orr

http://breddanansi.tumblr.com/

(although based on what seems to
>be only one model of how to "employ" a community"), your
>understanding of why people don't do this is not as
>realistic.

But I'm curous why you don't think my understanding of people is not as realistic........

>And to put more words in people's mouths, orlando's and
>mareva's is more realistic in how folks that don't care
>about striving and not struggling, but possibly their
>understanding of how to do so is a bit off.

Elaborate


M2

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

An assassin’s life is never easy. Still, it beats being an assassin’s target.

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

but i think what you're saying is part of the poster's point...that beuilding a financially stable community *has* to start with being a financially stable family unit. and more times than not, the family unit (for whatever reason) is not financially stable

but hte problem is that most heads of households are not financially literate

so how are they going to begin to teach kids sound financial principles

realize your financial upbringing is an exception rather than the rule, so most households don't know what you know

that brings us (somewhat) full circle, where do people go to even begin to learn meaningful things about financial wellness

� � � � � �
www.alienatlien.wordpress.com

i got soul.

and i'm super bad.

>but i think what you're saying is part of the poster's
>point...that beuilding a financially stable community *has*
>to start with being a financially stable family unit. and
>more times than not, the family unit (for whatever reason)
>is not financially stable

In a sense, wealth is created in a Vacuum in that its not a community effort and is sometimes created despite the family unit.

I'm unmarried, don't have kids -- don't depend on my family financially -- any wealth I build is based on my own talents and efforts -- ditto for my boy down the street.

Family support helped us get through school, taught us financial lessons, etc -- but once we got on our own, it was up to us.

If it is to be, its up to me -- in the end, you have to do it yourself.



>but hte problem is that most heads of households are not
>financially literate
>
>so how are they going to begin to teach kids sound financial
>principles

Barnes & Nobles, Watch CNBC, Read Business & Financial Magazines -- there is so much knowledge out there for people who are willing to search for it.



>realize your financial upbringing is an exception rather
>than the rule, so most households don't know what you know
>
>that brings us (somewhat) full circle, where do people go to
>even begin to learn meaningful things about financial
>wellness


Read above.


M2

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

An assassin’s life is never easy. Still, it beats being an assassin’s target.

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

>Barnes & Nobles, Watch CNBC, Read Business & Financial
>Magazines -- there is so much knowledge out there for people
>who are willing to search for it.

But it's the "who are willing to search for it" that is the crux of orlando's post.

Where does that will come from?

http://breddanansi.tumblr.com/

>But it's the "who are willing to search for it" that is the
>crux of orlando's post.
>
>Where does that will come from?

Black people have to learn to value financial management -- a sound family unit won't cause that -- a fundamental change in how we view money will.


-M2


P.S. I think you're the only person on this boards who uses the word "Daft" besides me........LOL

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

An assassin’s life is never easy. Still, it beats being an assassin’s target.

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