The Cookout

Random musings, lighthearted communication, and good vibes.

Stats

Category
Entertainment
Total members
14
Total events
0
Total discussions
5K
Total views
1M

Its about the next generation

cjg

Master Sixer
Tither
App Beta Tester
Messages
928
Reputation
1,083
Location
DMV
zBucks
11,574
Sex
Male
Race
Black
Origin
USA
#Finance
I think one reason that generational wealth (I once heard from a Brotha who said they not trying to make any more black millionaires ... Its either or, wealth extracted or remain in the ecosystem, we make choices everyday) ... Is not passed down is bc it has about the here-and-now. Get that Benz, don't leave it for the next generation, etc ..

One way we can start to make more of a dent in the wealth gap is by buying life insurance , maybe at a young age .... We can have another conversation about it though, because we do need to talk about tangible solutions as a group ...

Anyway, this is an older article, but still valid. I like to see us flexin our financial muscle ✊🏿✊🏿✊🏿

 

One5

Sixer
Messages
59
Reputation
119
zBucks
196
Sex
Male
Race
Black
Origin
Caribbean
Absolutely...I recommend that over money in the bank...and you can start small. Tell yourself it's for your child or grandchildren, and mean it. Talk to the child and let him or her know what's up, that it's not to be wasted. You can increase over time. That is monetizing your certain death.