How Black Middle-Class Kids Become Poor Adults

DrX

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the problem is blacks dont understand $, money is for survival, protection and power.....its for resources...not to consume material shyt.....u gotta save and invest....and create residual income and have multiple revenue streams and be an entrepreneur ....i use $ for protection and my goal is to have $ for freedom(well aleast from working for cacs)


idgaf about impressing hoes with some 200,000 car thats gonna break down 3 months later and be @ the mercy of some racist CAC hiring me for some min wage job were he treat me like a slave and i cant fight back because i need the $, see coming from a racist rest belt city was a blessing because the devils out here force yo black ass to hustle....because they aint giving u shyt, and theyre honest about it....its either hustle or starve...and it taught me about the reality of capitalism the hard way
 
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CodeBlaMeVi

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Outsourcing is a motherfukker. The company I am at now is transferring entire departments to Panama, slowly but surely. :yeshrug: That's how cacs play.
 
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the problem is blacks dont understand $, money is for survival, protection and power.....its for resources...not to consume material shyt.....u gotta save and invest....and create residual income and have multiple revenue streams and be an entrepreneur ....i use $ for protection and my goal is to have $ for freedom(well aleast from working for cacs)


idgaf about impressing hoes with some 200,000 car thats gonna break down 3 months later and be @ the mercy from some racist CAC hiring me for some min wage job were he treat me like a slave and i cant fight back because i need the $, see coming from a racist rest belt city was a blessing because the devils out here force yo black ass to hustle....because they aint getting u shyt, and theyre honest about it....its either hustle or starve...and it taught me about the reality of capitalism the hard way
I understand the nature of the culture of poverty and how people who've never had money splurge it all to feel good...but you right. Black people collectively don't understand the importance of money.

Cats got trust funds, inheritances, wills, savings, bonds, etc all that shyt from generations...what do black people have like that? He'll 50 years ago we got "rights" and shyt...it's bad when two white guys have more wealth than all of us in this country...but that's how they rigged the game. It's up to us to just stop complaining and work towards the future. Cacs are gonna cac they ain't gonna stop.
 

EndDomination

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It starts in the home. The majority of the Black middle-class parents are barely in the top 50%. They are the last generation of people with jobs that pay well and don't require a college degree, they are only in the middle class because their incomes are combined, and they don't have the networks needed to put their child ahead. Added to the fact, they will likely not push their child toward academic excellence, but instead mediocrity, the same mediocrity that will get the child through high school, and maybe a Communications degree in a state University, that will lead absolutely no where.
There are a massive number of pitfalls for the children, and they cannot always been supported by their parents if they come across financial hardship in their early 20s, and can't pay off student loans that they accrued trying to gain access to the middle class.
 

DrX

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I understand the nature of the culture of poverty and how people who've never had money splurge it all to feel good...but you right. Black people collectively don't understand the importance of money.

Cats got trust funds, inheritances, wills, savings, bonds, etc all that shyt from generations...what do black people have like that? He'll 50 years ago we got "rights" and shyt...it's bad when two white guys have more wealth than all of us in this country...but that's how they rigged the game. It's up to us to just stop complaining and work towards the future. Cacs are gonna cac they ain't gonna stop.
right.....see blacks don't understand this...i work with young well off white kids...they have parents with six fig jobs that own multiple businesses that have millionaire friends........us black kids don't got shyt, only thing we inherit is debt
 

Taadow

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You can not have a business and not depend on people to "feed you". What kind of business are you running that doesn't require clientele? You robbing cash reserves or something?

Answer the question! What business can you own without clientele aka depending on people to feed you? You can be a farmer and eat your own food but how you gonna pay your bills and shyt? The barter system?

Nobody ever has an awnser for this.

I see folks (here and offline) saying "we need to start our own businesses so we can be independent and not have to pander to The Man"...
but when you start your business, you still want The Mans' money! You want all the money you can get!
Yeah, you still have to depend on others for your money - there's no way around that...


Outsourcing is a motherfukker.

Which is another big point. There was a black "middle class" because we used to be able to get these jobs that
are being outsourced with a quickness now. "Dad" or "Grandad" used to be able to finish high school and then start
working at GM or Proctor & Gamble making enough money to buy a house and feed and clothe everybody in the house
for 30 years. Can't really do that anymore.
 
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