What Needs to Be Done to Inspire Blacks to Entrepreneurship and Creating Generational Wealth?

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twatgetta

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Nice sermon my nigga...but honestly, fuck the hood . I ain't wasting no more time trying to school dumb niggers that look up to Cheif Keef and Lil B wit half they naked ass crack showin'...n/h...... it's a wrap...Every man for his damn self from here on out. See dem young niggers on the other side of life my nigga. Now if you wanna talk about addin' to the downfall of the hood, I'm all for that shit...Let's destroy these niggers is my lobby. fuck tryna help em.
 
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You talkig some shit now dude. Banking and finance is one of the least understood concepts in the hood.

Part of it is the lack of education on the subject. Another part of it is that banking is considered like biology or something as people don't see a inherent need for it. Sure people have bank accounts but they don't do much more than just let the banks hold that money. I'm guilty of that too honestly. I been working on learning more about how it works.

The lack of financial education in the poor areas are the main issues.
 
The right people need to come together and organize something behind close doors. We should start small first. Network with other similar-minded black people in the area and get started in your neighborhood or city.

The easiest way is to go through the churches since religion is everything to most of us, and that's the only place I can think of that black people with money populate consistently.
 
the oldheads need to cleanse the hood of negative old heads. that way the youngins have nothing to look up to.

also old heads need to know when they moment in the sun is up and stop living like a careless youngin.

when i was young i thought young....now that im older i need to think older.

once we remove a majority of negative stereotypes then we can start our work.
 
Until the black family structure is fixed or made more whole everything we do will be like rolling a ball up a hill.
 
jono;6659881 said:
You talkig some shit now dude. Banking and finance is one of the least understood concepts in the hood.

Part of it is the lack of education on the subject. Another part of it is that banking is considered like biology or something as people don't see a inherent need for it. Sure people have bank accounts but they don't do much more than just let the banks hold that money. I'm guilty of that too honestly. I been working on learning more about how it works.

The lack of financial education in the poor areas are the main issues.

yes you are....that's why I keep offering to school you bruh

we really underestimate the power of controlling our own money
 
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NothingButTheTruth;6659948 said:
The right people need to come together and organize something behind close doors. We should start small first. Network with other similar-minded black people in the area and get started in your neighborhood or city.

The easiest way is to go through the churches since religion is everything to most of us, and that's the only place I can think of that black people with money populate consistently.

the Boule did that shit already and look how fucked up the black community has become because of that.

nigga said Church? niggga fuck church!!!....they too busy doin this shit in church...LOL

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"What Needs to Be Done to Inspire Blacks to Entrepreneurship and Creating Generational Wealth?"

At this point nothing can be done, it's a lost cause. Let the dead bury the dead
 
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Great OP, co-sign 100%.

Progress is being made but the problem is that the entrepreneurship seems to be mostly coming from Caribbeans and Africans entering the country. I know cuz I see African and Caribbean themed mom and pop stores popping up here in NY but not enough African-American based ones. There is money in the Black community because pound for pound, Blacks are the biggest consumers in America, but we don't own enough of the wealth. Once family structure is fully in place, more progress can be made but I'll say it again, too many horrible parents are fucking things up for the next generation. I'd rather see Black people create less kids then our people be broke and create a whole new cycle of poverty and kids they can't afford. It's dragging us down
 
twatgetta;6658832 said:
Nice sermon my nigga...but honestly, fuck the hood . I ain't wasting no more time trying to school dumb niggers that look up to Cheif Keef and Lil B wit half they naked ass crack showin'...n/h...... it's a wrap...Every man for his damn self from here on out. See dem young niggers on the other side of life my nigga. Now if you wanna talk about addin' to the downfall of the hood, I'm all for that shit...Let's destroy these niggers is my lobby. fuck tryna help em.

I feel what you saying but we gotta keep trying. The ones with ice cream cone tats on their faces and 5 kids by five baby daddies are done, I agree but we gotta keep trying on the other ones. I'm willing to say though that maybe 30% of our community is fucked and no help will save them. Many of them could be crack babies for all we know, some won't or can't learn to improve
 
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Tell people, and put guilt in them, that to stop being so selfish and pass something down to their kids. Too many of these parents still want to be like college students, but not enough of them want to leave something that doesn't depreciate in value.
 
I think we as blacks sort of lost our way along the ride. You go back to the reconstruction era up to the Great depression, black upward mobility was at it's highest. This is not to say it was perfect, jim crow laws had been instituted, institutional racism was prevailant, and there was no black representation politically. With that said, we created many of our own towns with our own businesses, we created black hospitals, banks, schools, etc. Blacks looked after each other via social groups and social aid clubs. Prior to government assistance, black people would joint the social aid clubs and fraternal orders, their dues would contribute and be used for burial expenses, medical care, and unemployment benefits.

While the black public schools were subpar, there were some great privately funded schools in black communities. Black business owners, black farmers all contributed to the upward mobility of blacks. What happened? I dont really know. With the jim crow thing and the government restricting blacks from really taking part in the free market, it caused us to get left behind. And when we finally kicked down the doors, I think a lot of us got lost trying to be a part of white society. We wanted so badly to work for white man, we didnt strive to work for ourselves and build real wealth. The government also placed many road blocks in the way of blacks truly getting a foot hold into the larger economy. For example, in the 50's and 60's, white farmers were given large bank loans to expand their industry, while black farmers where prohibited from being able to get those govt subsidized loans. This squeezed the black farmer out of business. In school, we are told to become doctors or lawyers, but what about businessmen?

We'll be ok though. We just need to get back to taking care of our own and building our own.
 
Blacks support black establishments and black establishments do right by their customers. Black establishments buy, support, and invest in other black establishments. Black establishments support and invest in predominately black schools. At least 80% of Black parents become more involved in their children's education and community. Black parents take your children to a bank. Involve them in community service.
 
What Needs to Be Done to Inspire Blacks to Entrepreneurship and Creating Generational Wealth?

dont kno.

but its sure not goin to get done discussing it over a internet message board.
 
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bornnraisedoffCMR;6676259 said:
I think we as blacks sort of lost our way along the ride. You go back to the reconstruction era up to the Great depression, black upward mobility was at it's highest. This is not to say it was perfect, jim crow laws had been instituted, institutional racism was prevailant, and there was no black representation politically. With that said, we created many of our own towns with our own businesses, we created black hospitals, banks, schools, etc. Blacks looked after each other via social groups and social aid clubs. Prior to government assistance, black people would joint the social aid clubs and fraternal orders, their dues would contribute and be used for burial expenses, medical care, and unemployment benefits.

While the black public schools were subpar, there were some great privately funded schools in black communities. Black business owners, black farmers all contributed to the upward mobility of blacks. What happened? I dont really know. With the jim crow thing and the government restricting blacks from really taking part in the free market, it caused us to get left behind. And when we finally kicked down the doors, I think a lot of us got lost trying to be a part of white society. We wanted so badly to work for white man, we didnt strive to work for ourselves and build real wealth. The government also placed many road blocks in the way of blacks truly getting a foot hold into the larger economy. For example, in the 50's and 60's, white farmers were given large bank loans to expand their industry, while black farmers where prohibited from being able to get those govt subsidized loans. This squeezed the black farmer out of business. In school, we are told to become doctors or lawyers, but what about businessmen?

We'll be ok though. We just need to get back to taking care of our own and building our own.

good post I agree 100%
 

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