White Millennials are about to start inheriting a lot of money…

[mannyrs13]

Hopefully I get the chance to be in that situation but I know there are many others that won't be. My parents could've kept my grandma's old townhouse but sold that and my uncle sold my paternal grandparents house before market started going up like crazy. Its tough out there and only getting worse. Some of our parents didn't always make the best financial decisions and for those of you whose parents made the worst ones, it leaves you in a worst spot and tougher to get out of. That's why I say to all you young posters in your teens and early 20's to try and get your finances in order as early as possible. Investing, saving, having good credit, everything you can do to get your financial knowledge in order and succeed. Inflation hitting bad and who knows if a recession is coming. Take some time and study up on finances and how the game works. Its a long term game and retirement isn't likely for another 40 years, if that, depending on your finances at that time. Some people gotta work even longer. Sheek Louch said it best when he said,

And plan for the future 'cause you figure
You gon' be older way longer than you gon' be younger

 

[UpAndComing]

Oh yeah? nikkas didn't realize that their white allies in the struggle against work and the system had that little inheritance on deck huh. They had that insurance policy in the stash.

Black folks cannot play the game the same way that their white counterparts do. Black elders knew that shyt but somehow it's lost on young millennial and Gen Z blacks. I hate seeing young black people buy into white people, especially white liberal, rhetoric and double talk. You can let your white allies in the struggle rock you to sleep if you want to.

This is the same Coli that doesn't see the need to study Capitalism, how to gain assets, and ways to improve practical marketable skills

Somehow they think befriending White Liberals and voting for the "Lesser of Two Evil" Politicians will save them

 

[Family Man]

This is the same Coli that doesn't see the need to study Capitalism, how to gain assets, and ways to improve practical marketable skills

Somehow they think befriending White Liberals and voting for the "Lesser of Two Evil" Politicians will save them

Right. Black people are getting mind fukked from all different directions and the worst of it is coming from so the called "allies" that these dudes love to listen to and follow. They don't even realize how bad they're getting played.

First of all, a crackkka with a legacy and inheritance down the pipeline once his old ass granddaddy dies can't talk shyt to a black man about how bad capitalism is. Once grandpa dies or that neck beard finally gets with a woman the white anti capitalism cosplaying is over.
I'm old enough to remember when nikkas didn't respect or gave a fukk about anything a white boy think or say. We treated white boys like weirdos - now these new nikkas making them out to be the cool kids.

Second is the successful black elite that love telling black folks how impossible it is to succeed even though they've succeeded. If they really cared about the outcomes of black folks, the successful black elite would focus on spreading the behaviors that afforded them the opportunity to succeed as opposed to propagating a defeatist mindset that they don't really subscribe to.
Instead they use black folks traumas as a way to guilt white people into giving them shyt that benefits only them and never trickles down to the black underclass that needs it the most. They're good with selling out black racial dignity.

 

[Black Magisterialness]

Your mind going to trick/ho dynamics tells me exactly what I needed to know about where your head is at with regards to women.


Good luck raising a structured two parent household bro! Hope the way your woman thinks isn't the thing that's keeping trick/ho dynamics occupying space in your mind

Not at all I've been in a fruitful relationship for years Mostly because I treat her like an adult. And not a child that needs guidance.

Have fun breh, I wish you and your kid the best

 

[filial_piety]

Assisted living facilities and nursing homes can also seize homes/assets if there is a sizeable unpaid balance at the time of the Elder's death.

Yup…all the more reason to get a trust…people don’t realize this until it happens

 

[Black Magisterialness]

Right. Black people are getting mind fukked from all different directions and the worst of it is coming from so the called "allies" that these dudes love to listen to and follow. They don't even realize how bad they're getting played.

First of all, a crackkka with a legacy and inheritance down the pipeline once his old ass granddaddy dies can't talk shyt to a black man about how bad capitalism is. Once grandpa dies or that neck beard finally gets with a woman the white anti capitalism cosplaying is over.
I'm old enough to remember when nikkas didn't respect or gave a fukk about anything a white boy think or say. We treated white boys like weirdos - now these new nikkas making them out to be the cool kids.

Second is the successful black elite that love telling black folks how impossible it is to succeed. If they really cared about the outcomes of black folks, the successful black elite would focus on spreading the behaviors that afforded them the opportunity to succeed as opposed to propagating a defeatist mindset that they don't really subscribe to.
Instead they use black folks traumas as a way to guilt white people into giving them shyt that benefits only them and never trickles down to the black underclass that needs it the most. They're good with selling out black racial dignity.

That second point is crucial. That's why I always said if someone ain't coming back and sharing their skills and knowledge what was it all for then?

You know how many kids I've tutored or mentored and blew their minds with a simple "why not?" or tell them how much you can make being a dentist? Its kinda wild and fukked up.

I remember telling one kid who wanted to be a rapper how many people he would have to feed. And told him how fame works. And how short most careers are. Then I told him what agents/representation makes...and how long THOSE careers last. He was shook.

 

[Bankroll.org]

Shout out to them hard ass working parents tho that'll be leaving their children somethin

 

[Swirv]

If you’re parents or you don’t have life insurance, better get it now. Especially while you’re young if you want low prices. I had an opportunity to get 1 million whole life for $200/month when I was 24 and passed

 

[Amerikan Melanin]

If you’re parents or you don’t have life insurance, better get it now. Especially while you’re young if you want low prices. I had an opportunity to get 1 million whole life for $200/month when I was 24 and passed

Life insurance has gone up since Covid. The younger you are the better.

 

[chineebai]

If you’re parents or you don’t have life insurance, better get it now. Especially while you’re young if you want low prices. I had an opportunity to get 1 million whole life for $200/month when I was 24 and passed

Why whole life and not term.

 

[Ozymandeas]

My mom’s white friend’s daughter ended up with three houses. Hers. Her mom’s when she passed. And the grandfather’s

 

[Swirv]

Why whole life and not term.

Whole life money is yours for good. You can take loans out for low interest and repay or not, if I’m not mistaken. Term isn’t recoverable, I’ll probably get it as well when I turn 45 though.

Whole life does take time to build value though. For the first few years it seems like it’s for the insurance company to leach from, but that’s apart of the game.

 

[the bossman]

Sadly it ain't about what you leave the kids and grandkids.....its if them knuckleheads got enough common sense to save the money and put it to good use. Sadly most don't....an example is my Aunt's grand kids already started buying new luxury cars and clothes with the money they got from my Aunt's death...

So important to teach our kids how money works from a young age so they don't squander what we leave behind for them

Leaving assets alone without teaching the financial knowledge while they're young will just lead to more sad storjes of wealth lost

 

[Swaggatron]

They don't even help during the transition. Its usually one sibling out of a possible 5 doing all of the care giving to the elder. As soon as that elder passes, then people start coming with their hands out with no shame. Then you realize some of the boomers got swindled out of their homes and nobody can even benefit from the property.

So this boomers destroyed everything is legit ignorant talk or white kids sending dumb internet nikkas off.

All of this just happened with my wife's family

 

[Broke Wave]

WHAT IS "A LOT OF BLACKS"? "lol"



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Even in Cacada, I know a few black people who bought homes, but the dudes who inheriting homes are the new black type. I never grew up in the “I can’t wait till my dad/mom died” crowd.