3 Reasons Why Most Black People Are Not Wealthy // SAY IT LIKE IT IS – Ep 19

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Phrankleen

Joined: Mar 2024
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3 Reasons Why Most Black People Are Not Wealthy // SAY IT LIKE IT IS – Ep 19


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34 Comments

  1. I run into a lot of them that they act wealthy but they're not it's like those type of black people they're like Subarus when you put exhaust system on all Subarus they all sound the same no matter what kind of Subaru it is.

  2. One of the main reasons why people of all colors end up broke is the following.

    Most people do not understand the difference between assets and liabilities.

    Rich Dad, Poor Dad tells u the truth about assets and liabilities and a whole lot more.

    This is a MUST READ BOOK.

  3. Respect. Totally agree with u on this. This is the vast majority of black people u are talking about not the minority. In my opinion the black people u are talking about is as high as 98-99%. I really do think the numbers are that high. We don't see any positive role models of succesful black business people. And those people are out there. We just don't see them. The book that changed everthing for me was Rich Dad, Poor Dad. Anyone who has not read this book or listened to the audiobook get it ASAP. Your mindset about money, debt and taxes will be changed for the better. You will fully understand how the rich get and stay rich.

  4. Hello sir,
    A friend of mine told me about you, he meet you when you came to Nigeria recently. Please, I will be glad if I can have a chat with you sir.
    Thanks…
    Adetayo

  5. Brother most Black people ain't supposed to be wealthy, that's the problem and ya'll sell your soul trying to become wealthy. What Black people need is the necessities of life. What the want is to maintain those necessities.

  6. Let me add that there are strengths and weaknesses to every group. Blacks excel at sports, music, and artistic expressions of the body. But these industries are miniscule in comparison to those in the fields of STEM. It simply isn't sustainable for the rap industry and the NBA nfl to absorb all of the 40 million blacks in the U.S. therefore you have millions of aspiring rappers but only a few make money from it. In terms of climbing up the value chain in STEM, blacks would have to compete against whites and Asians who are much more gifted in those areas, just as blacks are much more gifted in short track sprinting for example. Are there exceptions like Ben Carson? Sure! But for every ben Carson there are multiples of whites asians at the top of their fields in STEM. I invite anyone to debate my point in good faith.

  7. My n** I'm trying to be rich I don't give a f*** if I look rich even if I had a billion dollars I'd probably still look like a broke n** cuz why the f*** would I tell you people I have a billion f**** dollars

  8. What is this foolishness about being money wealthy? DO NOT LIVE, OR WORK TO BE MONEY WEALTHY! There is no value whatsoever in money. The value is in IDEAS, and the LABOR that brings IDEAS to reality. Wall Street put its money on great IDEAS, and without the LABOR of people, no IDEA would become a reality. So to any person that is wise enough to understand, do not live to be money wealthy, but be idealistic, put your imagination to work on great ideas, and put in the labor to make your ideas a reality, and the money will come. Whatever money you’re making, find a great professional, money manager investor, and get some guidance from the professional on how to put your money to work for you. Having money comes with its own set of problems, so please don’t believe that getting wealthy is all glamour, because it’s a helluva job staying wealthy once you get there, and then you die and leave it to someone else who will possibly lose it all anyway. I make good money, and I end up giving so much of it to people, and family who don’t pay me back, or things I buy that turn out to be a waste. So be very wise with your money so you’re not broke, and your life is comfortable and good, but please do not fall in love with money, and do not be a stingy miser, be wise.

  9. The reason most Africans are broke is because the West divide up their continent twice and took a lot of resources while leaving the local inhabitants worse off. The Africans with wealth enough to move from Africa are those who have inherited wealth from ancestors that either joined forces with the with west, in some capacity against their own people or have long ties with the west dating back to the slave trade. No bush man has ever walk out of the bush, into the city and become wealthy by doing so.

  10. Also the school should OFFER or help find Mentorship programs for the young boys and girls to be successful. I didn't have a consistent positive male role model in my life to look up tp or emulate. That makes a BIG difference.

  11. I feel like our education system has failed us and is Flawed. They fail to realize that people go through different emotions as a teenager and some teenagers go through a lot of changes in the home. Its like OK you only get one GUARANTEED chance to go to College, that's making good grades in high school and then getting accepted into College. If America is so "FAIR" they should just make students who don't do well in classes work a regular Labor job for a year or 2 (which will teach them hard work and a lesson on the importance of education) and if they do well on the job they can go to ADULT school, which is a school similar to High school its just called ADULT School. They can get a second chance to make good grades and then apply for College. Just going to a community college while you work a crappy job isn't going to cut it and isn't fair in my opinion. There is no winners and losers EVERYONE should get a second chance.