What exactly is GENERATIONAL WEALTH?

filial_piety

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It's obvious what the answer is...accumulated inherited wealth through the generations.

It leads to the idea that the next generation will be better off than the previous one...and this is one of the reasons.
 

-G$-

...fresh outta fux...
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Since you digging up about me...look up my pop on how he was a detective for over 35yrs plus my family having long ties to law enforcement in NYC...like I told you before my "street shyt" isn't exactly what YOU think.

Keep stalking me and we'll find out your IP address...since my dad has friends who work in that department as of this day...so you need to make up your mind now. Either you stop following me around or we'll find you.

Make your decision.
:mjlol::mjlol::mjlol:














“Yo pops, I need your help. This poster on thecoli.com keeps calling me out about all these lies I’ve made up over the last year, like my fake wife who I fake split up w, my fake gf whose pics I actually got caught stealing from someone else’s page, my fake income... I need some help tracking his IP address!”

















:russ::russ::russ:















Go for it...
 

filial_piety

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No it's not simple dumbass...

Unless we're talking about a specific class of people in terms of income... what wealth does a poor low income, low wage or a person on services have to pass down in the first place?

What exact wealth is there to pass down if there isn't any?
I think another question is....what's stopping them from providing generational wealth to their next of kin?

This isn't the 1920's anymore, there are ton of options and opportunities to develop and grow your personal wealth on. There are stocks, bonds, etf's, high interest savings accounts, flipping real estate etc etc where one can build wealth and pass on.

I think what hurts a lot of low income blacks is financial literacy...period, point blank. If you don't find a path to grow your money--don't be surprised when you don't have anything to pass on.
 

fckyoupayme

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@Biggie Smalls Generational wealth means that your family has assets that can be passed down to future generations. For the most part, poor people do not think about generational wealth because they are concerned with day to day survival. That being said, things like property, bonds, expensive artwork, jewelry, etc can be apart of generational wealth.

personally, I am buying a house and have a hefty life insurance policy to start my next generation off with. God willing I will be able to do more.
 
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“Yo pops, I need your help. This poster on thecoli.com keeps calling me out about all these lies I’ve made up over the last year, like my fake wife who I fake split up w, my fake gf whose pics I actually got caught stealing from someone else’s page, my fake income... I need some help tracking his IP address!”
These are my pictures :gucci: you wanna see my Facebook page?

Nikka hell no I'm not showing you my Facebook page to be nosey digging up on my info :childplease: u think I'm stupid?

You sound like you're a jealous nikka sitting behind computer wishing everything about my life is fake cause it makes you feel good :mjlol: that's how much of a lame and hater you are... like I said you can either stop harassing/stalking me or I'll take it to the ADMIN in charge of the site and if that doesn't work then I'll take it further offline... cause what you are doing is online stalking to extreme attempts..

You are the only person harassing me and I'm starting think you are somebody else's burner account :jbhmm: matter of fact you sound like that Yahweh poster who (besides yourself) are the only two posters stalking me :patrice:

Also are you even black because I don't normally see black ppl stalking others online, that's usually a cac thing :jbhmm: I truly think you are white.
 

-G$-

...fresh outta fux...
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These are my pictures :gucci: you wanna see my Facebook page?

Nikka hell no I'm not showing you my Facebook page to be nosey digging up on my info :childplease: u think I'm stupid?

You sound like you're a jealous nikka sitting behind computer wishing everything about my life is fake cause it makes you feel good :mjlol: that's how much of a lame and hater you are... like I said you can either stop harassing/stalking me or I'll take it to the ADMIN in charge of the site and if that doesn't work then I'll take it further offline... cause what you are doing is online stalking to extreme attempts..

You are the only person harassing me and I'm starting think you are somebody else's burner account :jbhmm: matter of fact you sound like that Yahweh poster who (besides yourself) are the only two posters stalking me :patrice:

Also are you even black because I don't normally see black ppl stalking others online, that's usually a cac thing :jbhmm: I truly think you are white.
:umad:
 

CarmelBarbie

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I think your thread actually highlights the issue. The average white family in this country has had wealth passed down to them in the form of inheritance, a house, a business, etc. That and other forms of privileges granted to them off their skin tone is what keeps them afloat and ahead. But because many black families only recently(within the last couple of generations) were in position to have a profitable business to pass down, a house they could pass down, inheritance, etc, the average black family doesn’t have that advantage. There are many black families where generation after generation are growing up in some of the same projects—generational poverty. Imagine how much of a game changer it would be if these families were able to pass down a house to kids, a long standing family business, and other forms of wealth including monetary forms like inheritance, trust, etc, how much it could offset the cycles of poverty.

The issue is that many of us that are even in a financial position where we could participate, we are saddled with debts, and burdens from our families. White kids getting houses passed to them, family companies, and inheritance, in addition to getting financial help from parents, helps them maintain and do better. A lot of us have nothing to fall back on, to give us an advantage, remove some of our financial burden or give us extra income.

and what’s fukked up? Our ancestors built this country, generated profit and income for slave owners(which white slave owner families and generations thereafter benefited from) and we didn’t get any of it. when we were finally freed, we were still denied opportunities and limited in every area that would’ve given us the ability to build for our families. In addition to racism, and oppression, not having wealth to pass down to families is one of the reasons that many black children aren’t able to do better than their parents.
 

-G$-

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:russell:

You're almost done with the games bruh? I gotta get dress, pick up my niece and nephew drive to my girl house since we're having dinner over there tonight.

I don't have time for this shyt right now :coffee:
Cool, so you’re going from the “wife” story back to the “girl” story? Just want to be clear on which version of your imaginary life you’re rolling w today.
 
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Cool, so you’re going from the “wife” story back to the “girl” story? Just want to be clear on which version of your imaginary life you’re rolling w today.
:russell: The shyt you're babbling about was 5 months ago I've moved on from all that.

You're done here bruh? Unlike you I have somewhere to be within an hour from now.
 

-G$-

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:russell: The shyt you're babbling about was 5 months ago I've moved on from all that.

You're done here bruh? Unlike you I have somewhere to be within an hour from now.
Yes, you may be dismissed for today.
 
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