Most of the time as black people we feel like we don’t belong and most of the time we are left out and forgotten about, while other races have access to things like mentorship programs, internships, business loans, start up capital and opportunities.
We are usually left with things like basic 9-5 jobs, student loans, car loans, and mortgage loans. Its like the system makes it almost impossible for us to build equity or create assets they just want to stack us up with bad debt and liabilities. And most of the time we are undereducated and take on all these liabilities and set ourselves back.
There’s a whole other world that is kept from us. because most of us grow up in poverty and don’t have access to anyone who has actually tapped into wealth the world has to offer, we end up following and listen to people who don’t know how to create wealth and who have zero financial education. The best advice we get told is to save our money, make a budget, and maybe invest into the stock market. But truthfully none of that is going to get you rich, it might just keep you poor.
There are a couple core things that rich people have and fundamental principles that we can tap into!
1) Work ethic, people who have created wealth are very much not lazy people and actually spend most of there waken hours trying to work and make money, they spend less time on leisure activities and more time hustling and trying to figure their shit out.
2) killers ambition! Rich people don’t let anything get in there way, not friends, family, and stupid worries. Most of the time we might get motivated and work hard for a couple days or month and then when one little obstacle gets in our way, we give up or we stop believing in ourselves and lose our drive and love for the work. You have to be able to lose your employment, love ones and opportunities and still wake up everyday ready to push it and make something happen!
3) you can’t be doing dumb shit, 99% of the world is bored and spends most of their time doing dumb shit that really doesn’t amount to anything or creates any long term value. Rich people are always trying to solve problems and sell their solutions to real life problems. they pick something and stick to it not like most people who just hop from job to job and hobbies to hobbies. You must have a overall goal and target you want to reach and it has to be impactful and financial because you’re going to be paid based off the type of work you do. If you flip burgers 🍔 you’ll get paid minimum wage, but if you create a solution to a major problem you’ll be paid much more.
4) Education and self -discovery, rich and stable people spend their time reading and learning about different skills that can help improve their life mentally, physically, and financially! You must learn how to deal with your emotions, habits, and discipline. Yomust
You must also learn about different assets and liabilities, things like paper assets, physical assets, taxable assets and depreciations.
5) your network and social circle. You can’t spend your days with bumps and losers straight up. You can’t spend your days with people who have the same amount of usable information and money as you, you’ll be stuck just like them. If you make $2000 monthly get around people making $10,000 monthly, and if you make $10,000 monthly get around people making $100,000 monthly. These people are out there and willing to teach you, you just have to be willing to learn.
Big companies are started by multiple people it’s almost never just one guy, so you need a team of rich friends, lawyers, doctors, accountants, and investors who make good money and who are actually smart good people.