We grow up believing that we are poor for one silly reason: we don’t have any money in our bank accounts.
This makes us feel inferior, because others have to kept us out of the financial side of the wealth building process.
One of the things that I figured out from teaching wealth to college students for many years is that most wealth Has NOTHING to do with money.
Money is currency, and it is very valuable.
But currency only has value to the extent that it is related to other things that are non-financial in nature. These things were valuable long before money ever came into existence
I explain it more in this video, but I want you to understand that even if you had no money at birth, you were probably born rich.
It’s important to understand where the wealth in your life actually exists.
If you’d like to learn more about wealth in a unique and creative framework, please visit TheBlackBusinessSchool.com
This statement is not metaphorical. I am not being dramatic.
This is real.
There are trillions of dollars of resources all throughout our community and we miss most of them because we focus solely on green currency.
There are trillions of dollars worth of human capital.
There are trillions of dollars worth of cultural capital.
There are trillions of dollars worth of networks.
There are trillions of dollars worth of creative ideas.
So, when you listen to people to talk about wealth, never fall for the illusion that wealth should lead to an obsession over money. If you do that, you’re missing 95% of the equation
This is a very interesting week for the stock market.
Lots of companies are going to be releasing their earnings reports, and Tesla is the stuff that everyone is watching.
Also the NASDAQ is making major moves, and a ton of money was made yesterday as the index moved up about 2.5%, led by Amazon and other tech companies.
The big game changer is the nature of the stimulus package set to be released by Congress this week. This is critically important, since unemployment benefits are expected to expire very soon.
I don’t see any reason why the market will continue to make powerful moves, particularly given that the federal reserve is so committed to boosting the economy.
Ultimately however we have to get back to work, which makes a vaccine that much more important. I don’t know about you, but I’m getting tired of this pandemic.
If you’d like to learn more about what’s going on in the economy, make sure you subscribe for free at TheBlackFinancialChannel.com
Register at BlackMovieNight.net. @davidbanner is in the film, directed by @ricmathis, along with Chuck D and a whole host of awesome people.
You can watch for free and we start at 8 pm est. See you then!
I personally believe that in addition to supporting #blackownedbusinesses, we must also support black owned schools. There’s no reason to give our tax dollars and student loan debt to schools that don’t even respect us.
To help on this issue, Dr Alicia and I have created The Boyce and Alicia Watkins foundation to help fund independent, black-owned schools. There are thousands of educators out here simply waiting for us to allocate some of our $1.3 trillion toward educating our own children with love and an appreciation for their own culture , with a commitment toward building a strong black community in the 21st and 22nd centuries.
Also, we offer free homeschooling lessons every Thursday, courtesy of The Black Business School and Nomalanga Mhauli-Moses. She can share resources and information for those of you seeking to educate your children during this difficult time. You can register for free at TheBlackHomeschoolNetwork.com.