Somali-Americans Can Buy Homes Without Going To The Bank In Minneapolis Thanks To Collective Investm

[dark_magic]

Spending power isn't a worthwhile measure.

To the contrary, spending power is a measure of free cash flow.

If say half of that $1.2 trillion dollars were put into cash flowing investments rather than consumer goods, what do you think that would do for the individual and collective wealth of African-Americans as a whole?

If the investments were structured further for tax efficiency, the increase in wealth is even greater.

Furthermore, now you are on the other side of the game: producer and creditor rather than just mere consumer and debtor.

If you have credit card debt, a mortgage, or student loan debt your net worth is in the negative.

Not necessarily. Net worth is the measure of assets minus liabilities. If the value of assets is less than the cost of liabilities, then and only then does one have a negative net worth.

The mere holding of a debt or loan does not make one's net worth negative.

In fact, debt (in the form of leverage) is a powerful tool for increasing net worth and wealth.

 

[dark_magic]

Sista on one of the black stations on sirus radio mentioned this. Basically pay life insurance into a older person. Lets say you get a 75 year old and get term life on them for 800k at 2000 a month (split 20 ways). They kick the bucket at 80 and then the payout is 800k / 20.

If this were done on an individual level, a person would take out life insurance on themself. In over-funding the policy, that individual then creates a pool of funds that can be tapped into at any time for any reason.

No underwriting to borrow money.
No denial of funds at any time.
Complete control of the payment schedule (... or not pay at all! I don't recommend that ...)
Competitive interest rate.
Guaranteed annual growth.
No risk of loss.
Tax deferred growth.
In the event of passing, the money passes to beneficiaries on a stepped up cost basis, tax-free.
A powerful tool to use as a pivot for regulation of cash flow of either their personal life or business.

 

[dark_magic]

Ok breh, so let’s say that mom w/ 2 kids who’s making living wage does all what you suggested. What can she and many other ADOS people in her position, do to get her family up out of poverty? Keep in mind, that same lady belongs to a group who is first fired/last hired, and is typically denied access to loans.

1. We need to maximize free cash flow.
1a. Adjust the W2 to give one's self an increase in take home pay, but not so much that you owe taxes.
1b. Got cable or satellite? Cut it. Eat out a lot? Reduce eating out. Magazine subscriptions? Cut those too. Have you priced out your insurances to see if you can reduce your rates? Brainstorm creative ways to cut or save money.

2. Apply the free cash flow to rapid debt reduction. Use the new free cash flow to eliminate debts. Various techniques can be used such as the snow ball method or even velocity banking if you have the credit for that. Begin saving some money here as well.

3. Look for ways to increase income. Certifications. Side hustle. Small business. Work from home. Sales.

4. As conditions improve, start capitalizing a portion of funds into a private bank i.e. a whole life insurance policy. Also, begin looking for new credit vehicles to unlock such as personal lines of credit and credit cards.

5. As conditions improve further, begin investing as well tax planning and optimization strategies. Save money for preservation. Invest money for cash flow. A 401(k) or IRA would be appropriate to establish at this step as debts are under control or eliminated and cash flow can be redirected.

 

[dem bath salts]

That's dope as fukk.
shyt. extended families should be doing this

 

[KingJudah2]

This is what I’ve been saying. You can hook up anyone and do it.

People scream #ADOS like Caribbean Americans are living apart from them.

Mostly nikkas from fly over cities who don't know this. Them nikkas have majority black and white people in ther cities and 5 mexicans they don't know shyt about other cultures.

In Brooklyn we always been around ADOS

 

[KingJudah2]

WILL NOT be at jouvert this year again these nikkas always shooting

 

[UberEatsDriver]

WILL NOT be at jouvert this year again these nikkas always shooting

Heard it. I only do the parade.

 

[get these nets]

So nikkas with no money not spending they last on some weed and drinks to get lit for the weekend?

yes...in this country and YOURS


.....and the country my parents are from, as well as the countries where everybody on this forum is from.


Don't insult anybody's intelligence by stating that certain sets of behavior are exclusive to one set of Black people. In every country and society, people exhibit all types of values, traits, and behavior patterns.
This segment of AAs that you want to put the spotlight on? The counterpart to them SURELY exists where your family is from. If you want, I can find examples of media and scholars from YOUR country discussing those people.

Just admit you were trolling and hang it up. People have tried to run this garbage by me in real life and I've called out & humiliated them. Enough with the bullshyt.

 

[UberEatsDriver]

WILL NOT be at jouvert this year again these nikkas always shooting

Heard it. I only do the parade.

 

[KingJudah2]

Heard it. I only do the parade.

No parade either its gonna rain.

 

[UberEatsDriver]

No parade either its gonna rain.

A woman was killed on knewkirk and Flatbush.

 

[you're NOT "n!ggas"]

Another reason why we need ADOS

And we really need to start doing shyt like this

The problem is we have lost our sense of community

Group economics had/still has a major push among black Americans and then the founders of #ADOS came along talmbout "it ain't enough", deconstructed Claude Anderson's, etc.

 

[KingJudah2]

A woman was killed on knewkirk and Flatbush.

my peoples told me what happened in grouptext. There was also a police shootout in the ville near me.

 

[Formerly Black Trash]

Group economics had/still has a major push among black Americans and then the founders of #ADOS came along talmbout "it ain't enough", deconstructed Claude Anderson's, etc.

I dont follow anyone

I've always thought Blalck ppl who have bo ties to any country but America should be lable to distinguish themselves

 

[get these nets]

I’m not surprised because many poor people come into our office with the same “I quit” mentality.

Here's a thread about a woman in a worse REAL LIFE scenario than the hypothetical one that dude posed.

https://www.thecoli.com/threads/nas...h-2-kids-to-google-with-an-it-certificate.693 004/


She didn't give up & she didn't say "bu-bu-but....."

She took the route that you suggested when the hypothetical scenario came up.