Welcome To aBlackWeb

Register

is black wealth possible?

1/2 said:
the table can be flipped easily with one generation worth of good credit and life insurance

leave a grip for the kids, with specific instructions and stipulations that include them buying bigger life insurance policies

and then setting their kids up the same way...and so on

imo there's really no way to cut that info to say its possible for all black people as a whole

no entire race is wealthy
Click to expand...
hmmmm

good answer. but are you sure ?

other races cant be wealthy?
maybe we need to define wealth
 
DOS_patos said:
good answer...but what are you really saying?
Click to expand...
It's possible for us to build wealth but it's harder and we have to be more savvy ,but we have to be less inclusive about letting outsiders in ,every group I mention are extremely exclusive only time they are inclusive is when they want our money.
 
DOS_patos said:
hmmmm

good answer. but are you sure ?

other races cant be wealthy?
maybe we need to define wealth
Click to expand...

i didnt say they cant be wealthy

but if we gotta break it down, all white people aint wealthy

so i think its weird to even ponder on "can black people as a whole become wealthy"

I think its possible to create in any family....again with the right sacrifices of one generation

meaning they probably wont be "wealthy" themselves, but their kids and grandkids will eventually be

somebody has to set the tone....Trump didnt "GET" rich....thats generational and will continue on down

"wealth" to me in general is financial stability & freedom, and ownership....when your money starts making money

lets say you leave the kids a 1 million dollar policy.....yeah, 1 mil aint exactly wealthy

but they can live off the interest and still afford to buy policies twice as big...make a few good moves of their own and by the time its over bam

their kids get 5 million.....and maybe a family business to go with it....run that back and now we're looking at wealth for the generations to come

but its a full commitment like any other achievement

can "we" run ships that tight? be frugal? forget about ourselves in order to push the next generation? dedicate time and energy to showing them the path?
 
1/2 said:
i didnt say they cant be wealthy

but if we gotta break it down, all white people aint wealthy

so i think its weird to even ponder on "can black people as a whole become wealthy"

I think its possible to create in any family....again with the right sacrifices of one generation

meaning they probably wont be "wealthy" themselves, but their kids and grandkids will eventually be

somebody has to set the tone....Trump didnt "GET" rich....thats generational and will continue on down

"wealth" to me in general is financial stability & freedom, and ownership....when your money starts making money

lets say you leave the kids a 1 million dollar policy.....yeah, 1 mil aint exactly wealthy

but they can live off the interest and still afford to buy policies twice as big...make a few good moves of their own and by the time its over bam

their kids get 5 million.....and maybe a family business to go with it....run that back and now we're looking at wealth for the generations to come

but its a full commitment like any other achievement

can "we" run ships that tight? be frugal? forget about ourselves in order to push the next generation? dedicate time and energy to showing them the path?
Click to expand...
thanks for all the info....i already knew about the insurance policy thing. especially with ROP.

but while not all white people are wealthy...they have access to wealth with a few changes.
same with most race and cultures.
 
  • Ether
Reactions: 1/2
Mr.LV said:
It's possible for us to build wealth but it's harder and we have to be more savvy ,but we have to be less inclusive about letting outsiders in ,every group I mention are extremely exclusive only time they are inclusive is when they want our money.
Click to expand...

I get this but it might not start from all black businesses in all black neighborhoods supporting each other like we want....it sounds good but there's lots of moving parts

and even then.....if me and you build the block up and open stores and stack up all this money, it still doesnt turn into generational wealth if the kids arent being brought into this from a young age and molded to keep that alive
 
Mr.LV said:
Everytime black people came together to build communities and create wealth , white people came through to destroy and burned it all down to the ground. Other communities like Indians,Chinese and Koreans do not have to worry about that as much. They can carve up large city blocks in major cities across America and circulate large amounts of money with little to no outside interference .
Click to expand...
Asians (Indians, Chinese, etc) are considered safe minorities
 
DOS_patos said:
thanks for all the info....i already knew about the insurance policy thing. especially with ROP.

but while not all white people are wealthy...they have access to wealth with a few changes.
same with most race and cultures.
Click to expand...

what does this mean?

credit and loans?

some shit we aint gone be able to change, not even theoretically lol

so we got the steps and they get the elevator.....ok.....run up them mf's
 
Define wealth...

Do you mean billionaires and multi-millionaires? Just being able to leave something for your kids/family?
 
What's the use of it if we all live in a system where only a few of us will have it? The audacity to ask this question should get you slapped in the streets.
 
Wealth is perpetual... you can't get rid of it... art that gains value, property, investments, business/es, gold/silver, savings, life insurance, Roth IRA, pension, other money from countries. Now all of this can be passed down. Smart decisions made and that increase is passed down with the third generation doing the same. That starts wealth.
 
Joshie Kahn said:
What's the use of it if we all live in a system where only a few of us will have it? The audacity to ask this question should get you slapped in the streets.
Click to expand...
There's plenty use. You make smart decisions short and long term and you learn the system and beat it, not for short term pleasure, this is the long game, pull in partners that understand that. Have a plan together but also have your own ventures in case things go awry
 
Focal Point said:
There's plenty use. You make smart decisions short and long term and you learn the system and beat it, not for short term pleasure, this is the long game, pull in partners that understand that. Have a plan together but also have your own ventures in case things go awry
Click to expand...
I understand living in the system until it's gone, I'm disputing that. What I'm saying is, the system relies on an underclass to perpetuate. Because of that, it's unlikely we will ever see large amounts of generational wealth. It's not designed to do that for us.
 
Joshie Kahn said:
I understand living in the system until it's gone, I'm disputing that. What I'm saying is, the system relies on an underclass to perpetuate. Because of that, it's unlikely we will ever see large amounts of generational wealth. It's not designed to do that for us.
Click to expand...
who says so?

you ok with being told what you can have?
you may not see it now but you can set some shit in motion for your family to be right.
 
DOS_patos said:
who says so?

you ok with being told what you can have?
you may not see it now but you can set some shit in motion for your family to be right.
Click to expand...
Who says so?
Click to expand...
That's literally how capitalism works, it cannot continue without a group having less than others. In the US it's black people, worldwide it's black and brown. Even our relatively comfortable (speaking as a "middle" or working-class person) lifestyles are impossible without people in other countries living well below what's actually feasible.

you ok with being told what you can have?
Click to expand...
What is this even referencing?

you may not see it now but you can set some shit in motion for your family to be right.
Click to expand...
My folks are already well off, it's other people that I'm concerned about.
 
Joshie Kahn said:
What's the use of it if we all live in a system where only a few of us will have it? The audacity to ask this question should get you slapped in the streets.
Click to expand...

Good point here. Because throughout history most people ain’t never been wealthy and many times the wealthy stayed that way because they rigged it. By default being rich and wealthy is rare.

I think he asking why we don’t have our own wealthy minority
 
DOS_patos said:
who says so?

you ok with being told what you can have?
you may not see it now but you can set some shit in motion for your family to be right.
Click to expand...

I think he saying the way it is now it’s always going to be an underclass capitalism needs an underclass. He not saying blacks can’t get out of it but is a wealthy top going to increase the value of life for the bottom? If not should we celebrate it?
 
You must log in or register to reply here.
Back
Top