Yay 1st one 8)

Plenty of white “celebs” walk around with body guards. Bradgelina, Madonna, Paris Hilton ETC Just like theyre plenty of Black celebs w/o them: Brandy, Terrance Howard, Kanye west John Legend etc. After what happened to John Lennon EVERYONE should have a body guard.

Anywhoo,
As far as “black people” not spending their money right, way to knock us down aye? Theres a difference between a black person, and a niggger. Black people are smart, sophisticated, classy, gorgeous ETC…Nigggers–arent. And btw you’ll find a niggger in every race,creed, or nationality.

NIGGGERS will spend thier money on stupid things and can definitely end up poor after having millions (The DUTCHESS OF YORK Ring a bell) and have to resort to doing silly things for money (MC Hammer cash4gold).

Another thing I want to address is what is up with Kandi’s need for money. Like I see you doing ALOT—Too much things for the sake of ‘a paycheck’ I mean, I JUST saw you on ‘Who wants to be a millionaire’ Tuesday. How about spending time with your children, teaching her that MONEY ISNT everything? Seriously, dont you think you have enough?

Black people are always in more danger than whites so body guards are necessary for them. Either that or Matthew McConaugheys more gangsta than Suge Knight.

Hmmm…I agree that there are “N****rs” in every race nowadays…the term that was originally coined to downgrade people of color has now risen up to devour ignorant people of all races, colors and nationalities. The ghettos of the Mind are also spreading…as in ghetto philosophies of poor parenting skills, lack of focus on education, teen pregnancy, apathetic, uninvolved parenting, rampant disrespect and abuse of women, poor communication skills, wild, unsupervised children and dead end drug and thug cultures…Just went outside a little while ago to the local grocery store and heard a young ghetto teenager (who is more interested in selling weed than going to school to succeed) call out to his nearby friend with these priceless words: “What’s up, my niglet?” True damn story…ugh!

I must say I agree. Anybody watch the movie baby boy when ving broke it down about guns and butter. If you don’t know your probably financially irresponsible.

misz pink is right look at here wasted money on what color dye is that and still look a got dam hot mess

To be honest…I dont see why anyone would give a f**k about how anyone spends there money. If you didnt help them make it, dont tell them how to spend it…

I live in LA,,And true ALOT of the Superstar Actors/Actresses,,Are always seen by theirsleves..
But here’s my thing,,Kandi has written music basically saying if you don’t have money you ain’t ish..Bills Bills Bills,For Destiny Child,,Scurbs for TLC..Ect..So she’s Kind of the Problem.I mean the music is promoted to young People who are easly influenced so what do you expect.Puff,Big& Lil Kim Lite weight Started that Bullsh*^..Talking About Italian Clothes,shoes,Watches/Cars Ect..Saying the same thing,,If U don’t have this You Ain’t Sh*^.Jay-z Added to it..And Cash Money Put The Stamp On It.And now it’s HIGHTLY Excepted when u cee rap cats frontin about what they have,it also has divided us as a People.Females Don’t even respect hard working Men.So It Is What It Is.So In Turn,Im On The Same ish With women..U Don’t have to be Rich,But U have To Have A Job or Im Not Rolling

true. all n****rs care about is dressing fly and s**t like that…

Yea; blak people are weird when it comes to priorities!!!

I had a mexican homie tell me one time that the problem with black people is that we want to look rich but mexicans want to be rich. REAL TALK

it depends yes you need a bodyguard for your own safety but hold up and pump your breaks. there was a basketball star that made millions that just the other day he was reported to be homeless. we have a whole tv series a show called unsung where most all of those stars have something in common they all went broke. i ask myself why is it i havent seen a record company go under tlc, melba moore, the list goes on and on of people who have either spent there money very unwisely or got ripped off on shady business deals we do need to be smarter. whats that saying thats in that movie if you can put it on your a$$ its not an asset

I like this lil video…

to add on, we gotta get rid of the POVERTY-CONSCIOUSNESS of “lack” & of expecting failure. self-sabotage,etc

we are probly THE most creative people in the world, we should have so much more. when we spend money amongst ourselves and the money can circulate within OUR OWN hands, we can come up like the Jews/Asians do business with each other.

look at Japan, they had a damn nuke dropped on them but look at them NOW. they were fueled by their CULTURE, while being versatile enough to learn new ways that could benefit them and got it poppin.

we can spark another Rennasciance Era

Im sorry but I went to business school and took finance and accounting classes. I also listened very well in those classes. Sike..honestly, I was half asleep in class or trying to creep out early.

But if there is one thing I know about a million dollars, it pretty had to blow away one million dollars. Its also pretty damn hard to blow past 2, 3, 4, or 6 million dollars. VERY HARD!!

This is the honest to goodness truth. And you heard this here first:

1.) Black people don’t lose their millions because they lack knowledge. Truth is there are people in our system that are licensed to practice thievery, and live to separate rich black people from their cash. Our system was build to NEVER reward blacks no matter how hard we try.

2.) Americans are not realistic. All these celebrities, athletes, actors, rappers, and singers are not making the kind of money they claim. The media is a big liar that has all our small minds in a knot.

I have a hard time believing Shaq racked up $200 mill in the MBA, or JZ made $500 mill in entertainment, or Tiger Woods made a billion in endorsement. Or all these $100 million ball players are making these hugh sums. ITS ALL A BIG FAIRY TALE (Like Obamas Administration)

There are two ways to lose a million..1.) Either you weren’t making millions in the first place, or 2.) Your so called contract was just another media fairy tale.

Take out your pen and pencil and do the math. Oh wait I forgot….Americans don’t like math (LOL).

Well, Lets just all go to WALMART and shop :)

crystalclearNY@ it aint all bad, them youngins sellin weed probly know they get more off selling weight so they understand how the WHOLESALE thing works. they got potential…

down4whatevaWA@ old heads told me da same thing, bout us being too flashy

k_stretch@ guns and butter !!!

ps: Contracts are NOT written in plain “English”. words used in regular conversation dont have the same meaning when used in LEGAL terms.

yall can keep dissin blk people,but like i said in my previous post.She’s apart of the problem..How can u take some1 serious,who made a song called Can You Pay My Bills,,Or Srucbs..She don’t wanna talk to a dude on the passenger side..Well Sh*&,I have Alot of homies,that don’t drive their own whip sometimes.So its kinda weird.I mean what Da FU&* do you expect from young black people,when they are seeing Rich Black People saying if you don’t have this&That ur Not Sh*&.
Star Power is A Mofo,and she among the 1s that exploit tha Bullsh*&.

3rdcoastborn254,
How do you think entertainers make money? By no one buying their albums? No one going to their concerts? WE make them money

@MZPINKDIAMONZ…your talking about one group of people and you sound very bias.

Over there looking like a struck match…

I think Joc hit the nail on the head. Generational influence is important, and it’s hard to give somebody what you don’t have (tangibles and intangibles, alike). Thanks, Bruh, ’cause some folks REALLY don’t understand the power of investing, compounded interest, etc. They also don’t know they have the power to do it. Hell, until a few years ago, I thought that in order to play the marker, I had to have enough money to purchase a complete unit.

Before I go, I have to plug Ariel Investments (I’m not an employee, just a loyal customer). It’s a socially responsible mutual fund company, and if you’re unable to set aside the initial one thousand dollars, they’ll allow you to deposit $50/monthly, as long as you sign up for automatic withdrawals. Even the initial deposit is $50. There are no account charges (unless they’re hidden). Check ‘em out; I don’t think you’ll be sorry.

some of us dont even like talkin about money.. we need 2 wake up before it is too late..

http://www.blogtalkradio.com/bucephalusproductions2010

LOL on noExtras…..
There are MANBlack who worked their asses off, but are not PAID well as their counterparts or OTHER races, and it you’re around LEECHES(family, your babbdymommy/daddy) or just bums, you’re just a ATM machine for them……

[...] Kandi & Yung Joc: “Black People Don’t Spend Their Money Right” | Hello Beauti… [...]

Black/african american whatever they want to call themselves are the worst examples a parent should want their child to emulate. For those who have made it with their jibberish and beats, most end up broke in the end because of poor money management, poor judgement in friends and associates, and lack of education that would have taught them the basics. The industry only cares about what sells and teaches them nothing. Our young entertainers are living so fast and dying so young and for what? For those that you defamatory remarks about women and such must have had little or no relationship with their own mother because there is no respect in any of these songs. Young girls walking around thinking it is okay to be referred to as a female dog..hmmm scarry, thank God I came in a different era when parents cared, neighbors cared, and friends were friends.

Texashotboi21,
And you sound like an ignorant coon who is making no sense. So how bout you stfu and never font my way again? Kthx.

@MZPINKDIAMONDZ…you sound like you got hate in ya blood. You keep contradicting yourself. Stop while your ahead.

Its not my fault you look like the crack of my azz…

LMAO

@soularFlarez and Chicago_he Ya’ll are so on the right track. I need for my people to wake up before it is too late. Get off the Grid and Fiat. How come it is so hard for us to come together and get our own currency up and running for our community. All we have to do is barter until we can agree on what type of currency to use. We need to do this so we can pass on wealth to our children. Stop the hatred of each other and recognize that we are very important as a people!!!! Elitists have held the people down for so long using their little tricks from behind the scene. If more people would wake up to consciousness and realize these people are playing games with our lives that would be beneficial to us. Why is it that they are talking about irresponsibility of our people and money when all RACES of people are the same with money, either you are responsible with it or you are not..Period! and really who cares? Until we find a way to come together and bounce the dollar around in our communities and build wealth with whatever we are using nothing will change. It has been this way for generations and instead of us talking about CHANGE,(not Obama change either), but real change for people of color nothing is going to get down and then our children and children’s children will be DOOMED! It is up to us to stop this madness and find a way to make our kids futures brighter. We can’t blame the Media because you don’t have to feed into the LIES at all. Teach your kids the truth and they won’t get caught up in the mess that is out here. Like rappers and actors and anyone else that have money but spends it with white people instead of their own. While these rappers are walking around showboating with wads of cash how come no one has held them accountable. A great man once said “Hold us accountable for what we do and say” Rest in Peace to one of the greatest leaders we didn’t get a chance to see Lead us! 2 Pac
T.H.U.G L.I.F.E = The hate you gave little infants f*** everybody! I think that pretty much sums up what I have to say oh and of course in the words of my Girl the alway conscious Erykah Badu, I STAY WOKE!

This from the dude who got his big H block hustlenomics chain snatched. Don’t hate.

Tryng to be too flashy and show off 24/7! Sorry but truth is what it is! Some of our people can’t pass up an opportunity to be flashy and ghetto fabulous. Some have lead or continue to lead loives that make having many bodygiuards very necesssary.

Deltasweetiepi, you’re right bout people not caring; more like hating and bashing….
ANd I suppose those who divorce these clown, asking for HEFTY child support payments, like you-know-who, know how to take care of THEIR money,RIGHHHHHTTTTT……

Most ppl spend money recklessly! If its not ur money why are u concerned? People need to mind their business and take care of their own homes before redesigning the neighbor’s house.

Fact. Our black people are viewed as consumers and laborers.

But? The face of this can be changed. Example? Nail fashion. Instead of sistas throwing their money to Asians in the ‘hood, why come a GROUP of sistas that hold Cosmetology Licensure WON’T “band together,” set up shop IN the hood and have them remove themselves from your community? Hell, you’ve clocked 1600 hours to get licensed…why NOT? It kills some of us to SEE a successful sista, yet at the same time predatory lenders, individuals, etc. come to black neighborhoods that hold little to NO interest in the black community come in and OUT floats that almighty dollar. Make me understand? I do agree with one poster here that stated, “THIS system (for it’s never been ours) was built to NEVER reward blacks no matter how hard we try.” We’ve seen the evidence in this. Yet many of our people continue to do their BEST in “back-paddling behaviors” to prove why our people are STILL on the whole, not taken seriously.

I can only surmise that they are not hungry. That is, hungry for the resources here and globally. Yes the continual demon of racist exists and black people will always be FIRST on the radar, but please, do not make this the reason that we cannot become a force of our own, like the Jews) in moving forward…finally. We KNOW the ills and expectations of US out there, but many still continue with defeating behaviors AND with THAT influence…guess WHO in OUR ranks picks them up? I’ll let you tell it.

In answering the question about black people spending money correctly, first, to effectively handle money, you have to become “literate” about money. Because by OUR history? Money is still relatively new to black folks. Because the euro-clowns “control” the economic system in this country, they have had time to become familiar and comftable garnering money–and wealth. Just it was never meant for our people to become educated, it was never meant for blacks to attain optimal states of WEALTH. Example, I find it very telling that there have been (and remain so) very FEW black CEO’s in corporate Amerikka. Yet, we’ve seen the face of how the euro-clowns have wreaked havoc and bring companies to bankruptcy or dam near bankruptcy. And then have the gall to EXPECT generous “exit” packages. But will kick a brotha or sista OUT at the first call of, abandon ship!

Our black people have proven that we have buying power—misdirected by most counts. Many of us simply must “unlearn” to “re-learn.” Your brother and your sister is NOT your enemy! All of the hatred, apathetic behaviors, envy, DISenfranchisement stems from what the enemy has successfully TAUGHT MANY and now moves from generation to generation.

MANY of our black people should take time to find out what “frugality” and “delayed gratification” mean, and then adopt these terms until they become knowledgeable to savy about allocation of money and how to make money work for YOU and for your people.

Having a laissez-faire approach and mentality about money lessens your chance of creating wealth for yourself and worse, creating “generational” wealth. We’re still arguing over “stupid chit” and money in volume and circles still continues to be targeted and moved in particular circles—just not to our black people on the whole.

Many of us never was taught good finance rules, Many are careless to how they spend money,eyes bigger than their wallet. If they understood how credit scores work they would learn to pay their bills on time and it don’t have to be the whole amount, just 10 dollars , the computor only know u paid it, not how much, it shows u are responsible, even if u didn’t pay the whole bill. Many hustlers know how to keep money and know the value of it, always put some aside for that rainy day, thats how U keep money and allow it to grow. we created wealth and how to earn and run money/gold before slavery, and others took our lesson and captialized on them. Simple rule of money ,always save some, alittle adds up. and pay your bills ,even if it’s alittle your credit score will grow that way.the system shows 30, 60,days late and on, but to beat it send what u can before the cut off. never just say I,ll get it next week, because u won.t real talk. Hotep GODs.

If black people were the ONLY ones like this, then we wouldnt have been in a recssion tip-toeing on depression, now would we?

Kandi and Yung Joc know exactly what their talking about, we should be a powerful culture when it comes to the issue of money.

Investment is not a topic in most folks home, nor is dividends, drip and if we have the powerful buying powers than we should also start opening up our minds to more long term investment and not some get rich quick schemes

I have to admit if some parents teach their children the value of a dollar instead of buying those high price azz sport shoes, sports crap, weaves, over priced rims for the car, over priced cars and materialistic shat that will depreciate in value and have no long term return than we wouldnt need to worry too much about some money matters.

You can be a mw(miminum wage)earner and still invest some of your money and for most we are living paycheck to paycheck and living outside our means. When you take the time to become financial sauvy than you will enjoy the benefits of it.

We all know that uncle sam still going to screw us over but atleast you can save something and Good Credit is a must have as well.

Take some responsibility and stop being full of shyte !

How come when folks tell black people some shyte for their own good, nyggas always bytch and complain, and end up somehow tryna blame the white man, instead of admitting the truth ???

Black folks are the most materialistic group in the whole entire United States of America. Why ? Cuz historically we aint had shyte. So when we get a little bit. We make the most of flaunting that shyte like we are way more paid that we are.

The only people who will buy a $50,000 dollar Escalade and live in the gawd’am projects are black folks !

Whites, Mexicans, and Asians don’t do that ignorant shyte ???

Why nyggas so broke ? Ignorance.

How the phucc do black africans come here, speaking no english, get educated and open up businesses ??? Why the phucc you nyggas cant take advantage of being born in the most prosperous country this planet has ever seen ! Aint no reason nyggas should be broke period ! And racism aint a good enough excuse either cuz it’s plenty nyggas wit money round this muphukka !

A nygga would rather be on the damn street corner talkin bout his jordans and runnin from the police for sellin dope and smokin weed, than go to school and get paid the right way. I know…. CUZ I USED TO DO THAT SHYTE TOO !!!!

Till I got off the street and took my ignorant @ss to school ! Got my degree, got a job, and kept it pushin ! If I did it, ain’t no gawd’am excuse why you nyggas cant do it !

I don’t wanna hear the bullshyte !

I feel both Young Joc and Kandi yet they both know the real reason why so many rappers have alot of bodyguards. They got alot of beef going on,some still in a gang,drugs,and spending money on those strippers. Yeah alot of black people spend THEIR MONEY on things they feel is good for them and im not going to knock them because of how they spend their money.(JMO)

Most of yall sound like idiots.Most Black people were’nt educated on how to deal with money properly..”Not An excuse just some fact.We’re gettin better tho.BUT
Kandi has written music basically saying if you don’t have money you ain’t ish..Bills Bills Bills,For Destiny Child,,Scurbs for TLC..Ect..So she’s Kind of the Problem.I mean the music is promoted to young People who are easly influenced so what do you expect.Puff,Big& Lil Kim Lite weight Started that Bullsh*^..Talking About Italian Clothes,shoes,Watches/Cars Ect..Saying the same thing,,If U don’t have this You Ain’t Sh*^.Jay-z Added to it..And Cash Money Put The Stamp On It.And now it’s HIGHTLY Excepted when u cee rap cats frontin about what they have,it also has divided us as a People.What do u expect when rich people rappers/Singer are making music about flossing and telling you if you don’t have you aint sh*(..Some of yall need to STFU..And Pay attention to the Bigger Picture.

WE ALL NEED TO QUIT JUDGIN’ OTHER PEOPLE, AND START CARIN’ AND SUPPORTIN’ EACH OTHA INSTEAD OF PUTTIN SOMEBODY ELSE DOWN, ALL BECAUSE A MUF**KA’S PERSONALITY IS DIFFERENT FROM “YOUR NORMAL”. OK, NUCCA’S WANNA BE FLY N FLASHY, SO WAT? WE AINT GOTTA JUDGE SOMEBODY FA PULLING OUT SOME STACKS. WHEN EACH OF US DIE (ALONE), WE WILL GO WEA EVA WE GO (ALONE). IF THAT NUCCA ON HIS/HER ISH, SUPPORT’N HIS/HER OWN, AND DAT NUCCA WANNA LET LOOSE N STUNT HERE N THEA, LET A NUCCA STUNT DAMN! REAL TALK!!

It’s interesting how this site is geared toward the African-American community, and at the same time, it perpetuates negative stereotypes about African-American people in it’s articles. As for this particular article, I feel very inclined to submit my response. I work in the financial industry. What I have come to understand, through my day-to-day work, is that American’s have issues handling their finances responsibly. This is no “black” problem. This is an American problem. Just as often as African-Americans spend their money irresponsibly, European-Americans do the same. This is an American tradition. When people from other countries come to America and obtain wealth, and keep it, it could have much to do with their cultural practices, morals and values. For example, Mexicans normally value family and unity in their communities. Therefore, it should be no surprise to see ten Mexicans in one household. While everyone is working, bills are split ten ways, and everyone is able to obtain and multiply their wealth quite quickly. This is due to their Mexican cultural morals of family and unity. American values are much different from many foreigners. Status, materials, fashion, etc; these are everyday American values that lead to irresponsible spending. For example, you notice American families make purchases on credit (credit cards) instead of being patient and saving the money. In conclusion, irresponsible spending is not a “black” problem, it is an American problem that we ALL should take personal responsibility for continuing. Maybe if we looked at it that way, we can start to dig ourselves out of our recession. : )

Do Kandi and Yung Joc have any money? LOL

I don,t believe the issue of spending money is the real issue. How to save and stay out of debt is the answer. If u have been living in debt society has told u that its ok. Stop living a lie

Kelis_TheMagnificent makes a very good point, this is not a “black”problem this is an “American” problem.
With that said there are plenty of Americans who do not trust banks, have never even had a bank account a day in their life but are well taken care of so its not a black thing its an American thing
Why do you have to say “Black people”? why can’t you just say “Americans”? Why do you have to shine such a negative light on Black people? We are in a recession right now, Black people don’t run this country, we didn’t cause this country to be in debt. We should be elevating our black people not dragging them down with senseless comments and articles That highlight fault and ignorance. This is why racism still exist because we continue to drag our own down. Why?

this is the first time I’ve read the comments and wasn’t disgusted… good job guys

wtf yung who?? advice about spending my money..when you dont have kids and baby mommas and daddys you can do what the f**k you want with your money..when your living in the hood working two jobs to pay where you sleep you can buy the f**k you want to please yourself..how bout giving niggahs like reggie bush advice about how dumb niggahs should stop spending money on strippers and invest on something that will always be around..what a waste of article and next time say some black folks cause its not ALL black folk.

Kelis is correct. There are more white folks trying to file for bankruptcy than black folks.

@whatineednlife give it some time the negative comments will come

OH YEA…Another important thing we need to understand is that only 1% of Americans control 95% of entire American wealth…

This simply means that from a statistical standpoint, for every dollar that fall into the system $95 will go to the elite, and $5 will go to the rest of us slave Americans…

Yes, I said “Slave”…because if you live in America and you are working a 9 – 5 job, I don’t care who you are be it white, black, Spanish, or Indian your a modern-day slave.

So if America creates $1,000,000 in a city that has one million residents living there…

a.)$950,000 will go to 50,000 elites ($20 per elite person)

and

b.) $50,000 will go to the rest of us 950,000 peons (.05 cents each)

Man, that’s a hard pill to swallow right there.

This is why Americans haven’t gotten a raise since Reagan, and also why the average American makes $6.75 (if your black), and $11.72 (if your white)

of course there are always people that don’t have good sense when it comes to spending and handling expenses and they come in all colors and from all walks of life.
as far as loans, everybody in my entire family needed a loan to buy their homes from the 1940′s on up so it’s obvious that loans are sometimes necessary…though they wouldn’t be necessary if black folks had gotten their 40 acres and a mule to be well off like our white counterparts

Dont feel bad, “Uncle Sam” is broke and in debt too…

Money as Debt II Promises Unleashed (1 of 8)

http://www.youtube.com/watch?v=_doYllBk5No&feature=PlayList&p=879A14495D29C64F&playnext_from=PL&index=0&playnext=1

It’s interesting how this site is geared toward the African-American community, and at the same time, it perpetuates negative stereotypes about African-American people in it’s articles. As for this particular article, I feel very inclined to submit my response. I work in the financial industry. What I have come to understand, through my day-to-day work, is that American’s have issues handling their finances responsibly. This is no “black” problem. This is an American problem. Just as often as African-Americans spend their money irresponsibly, European-Americans do the same. This is an American tradition. When people from other countries come to America and obtain wealth, and keep it, it could have much to do with their cultural practices, morals and values. For example, Mexicans normally value family and unity in their communities. Therefore, it should be no surprise to see ten Mexicans in one household. While everyone is working, bills are split ten ways, and everyone is able to obtain and multiply their wealth quite quickly. This is due to their Mexican cultural morals of family and unity. American values are much different from many foreigners. Status, materials, fashion, etc; these are everyday American values that lead to irresponsible spending. For example, you notice American families make purchases on credit (credit cards) instead of being patient and saving the money. In conclusion, irresponsible spending is not a “black” problem, it is an American problem that we ALL should take personal responsibility for continuing. Maybe if we looked at it that way, we can start to dig ourselves out of our recession. : )

THESE RAPPERS ALWAY TALKING BOUT ALL THIS SO CALLED WEALTH THEY HAE IMAGINE THE HAVE NOTS IN OUR COMMUNITY THAT HEAR THIS BULLS**T WITH NO MESSAGE OF HOPE OR INSPIRATION OR ARTISTRY REPRESENTED IN THIS BULLS**T BUBBLE GUM DUMB DOWN RAPP MUSIC ALL I HEAR IN THE STREETS IS BIGG RIMS,BIGGS ASSES, SEX,DRUGS,CARS,KILLING,SUICIDE N GENOCIDE MUSIC THAT THE INDUSTRY SHOVES IN OUR YOUTHS EARS CONSTANT BULLS**T WHY DONT THE MUTHAFUKAZ RAPP ABOUT BUYING SOME LAND INSTEAD OF BLOOD DIAMONDS OUR AFRICAN BROTHERS ARE DYING OVER I KNOW HESE FAKE ASS NIGGAS THAT DO THE COON N HAPPY SLAVE MENSTRUAL SHOW ON B.E.T & M.T.V. CORRUPTING OUR CHILDREN ON PURPOSE FOR A HIDDEN AGENDA THAT YALL BLIND MUTHAFUKAZ CANT SEE AND REFUSE TO RECOGNIZE F**K THE MEDIA OBAMA WAS OUR LAST HOPE BUT NOT EVEN OUR PRESIDENT WILL GIVE HOPE TO A LOST PEOPLE !IM MOVING TO CANADA FUK AMERIKKKA!THIS IS OME BULLS**T!

AND WHO ARE THESE 2 SELLOUT UNCLE &AUNT TOMS TO TELL US ABOUT WHAT WHITES DO WITH THERE MONEY LIKE THEY OVERSEE-ER’S OF THERE CREDIT CARDS N CASHLESS POCKETS THIS IS A RECESSION WHITES CARRY CASH EXCEPT YALL NIGGAZ PUT IN YALL RAPPS ROOB N JACK A NIGGA SONGS WRITE A SONG ABOUT ROBBING ONE OF THESES RICH WHITE MUTHAFUKAZ ! THEN WHY DONT YOU TELL HOW WHITES ARE CONSTANTLY CONTROLLING INVESTMENTS GOLD LAND PURCHASING,STOCK BONDS BUYING GOLD,INVESTING IN THE YOUTHS FUTURE PASSING OLD MONEY TO THERE SEEDS TO INHERIT

This egghead gangster dosen’t speak for all African-Americans. We have innovative African-Americans in business, engineering, science and finance. And some of us got sense enough to save with 401 k’s, credit unions, checking accounts, savings accounts, mutual funds, stocks and bonds. Putting it all on your azz and keeping it in your pocket is a choice. Personal I think the dialog was a waste of time. A fool knows what he wants to do with his money. And has his fool ass reasons why not to invest in his future or in the future of his family. I read where a white man said. Don’t worry about giving monkeys (blacks) money. They have no thumbs (intelligence) to hold on to it. Enough said!

(sigh)
There is a lot of truth in what Yung Joc said regarding ignorance when it comes to Afr Americans managing their finances but it goes much deeper than that. A lot of rappers and nonrapers carry cash to make these “frivolous” purchases not just because they want to flaunt their wealth but also because there isn’t a”paper trail” when you purchase with cash as their is when you purchase items with a credit card.

And Caucasians Americans spend money too just on different things
Before Tiger woods, golf was usually played by professional whites (doctors, judges, etc) because it can be and is an expensive game/passtime (golf clubs, golf shoes etc) in comparison to say basketball ( hoop, ball)

I also believe that the “playing field” is NOT level when it comes to maintaning and building wealth for blacks and whites in this country. Even with blacks obtaining degrees and better paying jobs. However, our grand parents made less than we do yet it seems they had more; they didn’t buy on credit, they saved up their money and bought items with cash. But in today’s society, things are set up in a way that you need to have credit card just to obtain things that or be worthy of getting items on credit-rent a car, lease an appt, lease of cars.

ewww y does he look like he doesnt wanna be bothered cuz he hasnt made a good hit since what 2007 thats why he wasnt at the awards he wasnt invited

who cares what they say. money = status to some but you can get your head blown off just like any one else. even with money ur still a normal or average joe. unless some how you can buy your self immortality or some kind of bullet proof suit.

@ Feline123:

“I also believe that the “playing field” is NOT level when it comes to maintaning and building wealth for blacks and whites in this country. Even with blacks obtaining degrees and better paying jobs. However, our grand parents made less than we do yet it seems they had more; they didn’t buy on credit, they saved up their money and bought items with cash.”

And there’s your answer! The playing field was never meant to be even for blacks and whites in this country.

It’s all about OWNERSHIP. Our grandparents weren’t about to put themselves in positions of having to ‘beg’ white folks for anything; especially after slavery! So they owned their land and businesses instead of settling for a job at Mr. Whitefolks general store. That was their empowerment: ownership.

We don’t stress ownership anymore in the black community. We stress dependence. Go to college to get a good paying job working for…Mr. Whitefolks! Even with college degrees and what not, if you go to work for another, your college degree is really only making whoever you work for rich. It’s just giving you a temporary living.

Lets get back to owning our labor by laboring in businesses that we own! That’s the only way wealth is built and maintained in our society.

I wish I could wear $5000 sunglasses and give out financial advice.

Hmmm… I encourage EVERY commenter on this site to take a look a these links…it shuts down the whole notion of “black people don’t spend their money right.” It also gives reason as to why black people couldn’t rise economically…and also teaches us why we need to get back to the basics of our ancestors…Please take some time out to read these links…its not too much information out on this subject as is…don’t waist your mind’s time…encourage yourself to be enlightened and take action…Peace & Blessings family!

http://www.daveyd.com/blackwallpolitic.html

http://blackwallstreet.org/bwshistory/bwstulsa1830-1921.a.htm

ALL I am hoping for is that after people have watched this video they take a step back and think about what is being said. We as a people do spend our money unwisely at time, but we can change that by educating ourselves by researching about wealthy people and what it means to make wise investments. Look at Magic Johnson or a man named A.G. Gaston.

LOL @ the title.

Neither one of them can speak proper English. They said, “Black people don’t spend their money right”?!?

It should be “Black people do not spend their money properly – properly – properly”. ¡Qué tontos!

it’s the truth why go out in public with cash credit card will do just fine blk ppl always want to be out and loud then they wonder why ppl are robbing them lol

Soularflarez and watch me succeed make good points..All you have to do is watch this long program in its entirety called THE MONEY MASTERS or Money as debt part 1 and 2 and it will explain to you how the banking system, recession,debt,credit,bankruptcy etc is all a game.NOW IN WATCHING THESE KIND OF PROGRAMS ,ITS GOING TO TAKE YOU PUTTING ASIDE SOME TIME TO SIT DOWN AND BE STILL AND WATCH IT.TO UNDERSTAND IT.IF YOU DONT WANT TO ,THATS FINE,YOU WONT KNOW THE TRUTH THATS ALL.The deficit can never be balanced.Thats not how it works.You need the knowledge to know how to play it and how the rules apply.Its on you..All my friends know about these kind of programs.I was emailing money as debt to my friends in 08…

When you do watch it ,understand it,reach one ,teach one,pass it along..Then you wont have people walking around with stacks in their pockets throwing it around in peoples faces..Trust ,when they feel like creating a recession,they will…then you ask yourself one question.WHY? this is a game people..

Hi i love this topic that fact of the matter when it comes to money we as african-american are not educated as our white counrtparts when it comes to money management we do not budget when it comes to our money we have to have the name brand clothes the latest gadgets and the most expensive rides our priorties are not in the right place white people start teaching their kids at an early age the value of money we need to be more educated when it come to our money thank you be blessed

LETS GO FIGURE A BLACK RAP STAR GOES OUT AND SPEND 5 MILLION DOLLARS ON A CAR A BENTLEY AND A WHITE BILLIONARE WARREN BUFFETT SPENDS 20 THOUSAND DOLLARS ON A CAR NOW WHO SPENDS THERE MONEY ON DUMB STUFF I BENT THAT BENTLEY DEALERSHIP SAW THAT FOOL COMING

OK FIRST OFF I DONT EVEN KNWO WHO THIS B***H IS, OR CARE TO KNOW. 2ND WHO GIVES A S**T HOW I SPEND MY MONEY, ITS MONEY I WORKED HARD FOR RIGHT? 3RD NIGGA U RICH WHY U WORRIED ABOUT HOW BROKE PEOPLE SPEND WHAT LITTLE MONEY WE HAVE. I GOT A PHONE BILL AND A CAR NOTE GOT DAMN U. IF U WANNA TALK SOME SINCE INTO MY HEAD COME PAY MY BILLS B***H, GIVE ME A MILLION DOLLAS AN I BET I CAN FLIP IT. ILL START MY OWN DAMN BIZ THEN BUY YO ASS.

ITS Affirmative that blacks spend money more money on material worth (clothes, shoes,hair)rather than putting away money for their kids college,life insurance,etc. Blacks are always in the mall preparing for the next holiday and at the end of the month they’re broke. Many other cultures are work together and save money to invest to keep their money rolling in.

Sometimes thew truth hurts! There is nothinbg wrong with a little self analysis!WatchmeSucceed very valid points!

It’s interesting how this site is geared toward the African-American community, and at the same time, it perpetuates negative stereotypes about African-American people in it’s articles. As for this particular article, I feel very inclined to submit my response. I work in the financial industry. What I have come to understand, through my day-to-day work, is that American’s have issues handling their finances responsibly. This is no “black” problem. This is an American problem. Just as often as African-Americans spend their money irresponsibly, European-Americans do the same. This is an American tradition. When people from other countries come to America and obtain wealth, and keep it, it could have much to do with their cultural practices, morals and values. For example, Mexicans normally value family and unity in their communities. Therefore, it should be no surprise to see ten Mexicans in one household. While everyone is working, bills are split ten ways, and everyone is able to obtain and multiply their wealth quite quickly. This is due to their Mexican cultural morals of family and unity. American values are much different from many foreigners. Status, materials, fashion, etc; these are everyday American values that lead to irresponsible spending. For example, you notice American families make purchases on credit (credit cards) instead of being patient and saving the money. In conclusion, irresponsible spending is not a “black” problem, it is an American problem that we ALL should take personal responsibility for continuing. Maybe if we looked at it that way, we can start to dig ourselves out of our recession. : ).

It’s crazy as hell that every time a black person tries to educate, we as a culture snap at them and tear their s**t all up. The point these two are trying to make doesn’t apply to you if you have your thing together. However there are far too many within our black culture who don’t, and they, just like you, are not listning to the point. The messed up thing is they’re either dying before they reach 21 or killing someone for having more than them. In actuality, you are just as bad as the Uncle and Aunt Tom’s that you’re depicting these two people of being because instead of understanding that they are trying to reach a certain demographic for self preservation and awareness purposes, you’re pointing fingers like they are the source of society’s ills. Just don’t watch the blog if it’s that major, you’re the ones that sat through it.

In my opinion Kandi and Yung Joc make some valid points. Many rappers carry cash, wear lots of jewelry, and waste money. In addition, lack of knowledge (ignorance) is the main reason why some people make millions today and end up broke in a few years. What I can say is lack of knowledge is not restricted to race, there are people from all races, nationalities, and cultures who lack knowledge in how to handle money. There are books written on how to become wealthy and how to invest, I think more people (myself included) need to spend more time on those subjects. Wealth does not happen by accident.

Everyone read books on the music business. The new thing (not really new) is the 360 deal that music companies are offering artist. This deal lets the music label do everything for the artist, group, the touring, clothes, everything. The each 360 deal is tailor toeach artis. What this means is your mama, or cousin will not be working for you.

Real about the 360 deal in mag “Fast Company” July/August 2010 issue. Steve jobs is on the cover. pages 90 thru95 and continues on page 117. Very good. Warner Music Group.

Share these observations about education and isolation.
I can remember growing up with the phenomenon of Michael Jackson-
Rich, famous, & powerful. Later in his career I heard for the first time him speak. I thought, damn, he seems a little inarticulate by comparison to the status I held for him in my mind.
I knew then that he was completely guarded from the word ‘No’.
Later, reports of his spending habits raised eyebrows but as many of you have said, “It ‘was’ his money” anyway.
I frankly only can get excited or depressed about my own money.
The point I’d like to make is the lack of formal or liberal education with ‘isolation’. Your mother called it being ‘spoiled’.
Another example was Elvis. Although he was probably never on the verge of of being broke, he ate himself to death. Again, isolation and a lack of education.
Howard Hughes was educated but here again, he was isolated and surrounded himself with yes-men. He ending up a rich paranoid nut.
Since if you can’t trust anyone, maybe rappers [& wanna-be's] would do well to get a formal or at least liberally educate themselves.
Just observations . . .

Everyone save, save, save, not just artist. Artist make money because you the public buy it. itunes, tie-ins, movies, clothes, drink, water, etc.
Men don’t wear another man’s child name on your back if you’re not paying for you own child. Support your children first.

it’s not just rappers,athletes and other celebs (particulary the young, dumb and arrogant ones) but the working class, unemployed and poor Blacks (being on welfare is not a damned job by the way!) that will always be broke for the same reasons; too damned materialistic and irresponsible. The slightesst amount of money obtained is spent on trying to “style and profile” in the form of clothes/shoes/sneakers, hairstyles and vehicles forgetting that material things come and go but concrete things such as education remain. No doubt everyone wants/desires nice things (even the most humble among us) but you don’t need those things if you know you can’t afford them and you have no back-up plan if something happens. I personally find it funny to see people driving around in SUVs (why are they even referred to as trucks?) but they can only afford to put $5 or $10 worth of gas in the damned thing which gets them to where – the next block or perhapss the edge of the gas station itself?

I work hard everyday and put my children and their stability before pursuing my own materialistic desires and so often I sacrifice to ensure that essentials are taken care of. Now perhaps that puts me out of the norm but at least I can sleep at night knowing that I can’t be judged incorrectly when measured against true values. I do however notice that my eldest has been infected by the disease of materialism and stupidity despite my best efforts and so will soon find herself put out and shut out by me so that she an learn just how hard life really is.

Well said J instead of investing in education or stocks we spend all our cash on “bling” and end up right back on welfare!!!!

Trying to impress people they dont even know..

Us black folk will sho go broke over the flash life. But when the flash is gone…so will all those unimportant folk you trying to impress. Priority is definitely a must. Time to take money management classed and get educated on reality. Those 6″ stilettos, 50″ rims really don’t make you, they break you.
Epitomizing the truth

Kandi & Yung Joc, I enjoyed listening to this. it was straight forward and to the point. Yung Joc, what you said was so right, these young people in the entertainment world spend money of frivolous material stuff. Yes, it’s alright to spend money but some of them go to the extreme. For instance, that Nuvoue (sp) necklace that was purchase by (the Big Ass Chain) dude. Yall know who he is. Is he really running out of things to do with his money. Why don’t you get a tax right off and donate funds to a shelter for homeless women, children and men; feed the hungry; school supplies.

Let me make it plain to some of you new negrow neo 21st century
slaves.
When you don’t make jack and don’t have your own currency.
This is what happen’s.
Actually you are spending dead slave owner paper with them on it.
When you finally realize that you are not free,you will stop
waisting your money and giving it back to people who are just
exploiting you for being dumb and slaveminded.

there should’ve been a special on this. and i know joc learned his lesson after getting robbed by diddy and that other fool. now that was coldblooded. keep your wallet tight and your head even tighter ladies and gentlemen.———-
p.s. 10% thought this wasn’t hot? pppppppt. lol lames.

More rappers should be more educated with the finance part of the business on carrying or handing money.

Black male rappers need body guards because they rap about violence. If you put that energy out there that is the energy that comes back to you. Also, you never heard of Will Smith getting robbed, have you? Black rappers are mainly ignorant little “wannabe” powerful whitemen in black face. They try to prove to the world that they are equal to a rich white man by wearing every dang thing he owns on ALL AT ONCE. Also, rich white actors don’t flaunt their wealth around poor people, strugglin’ in a hood or trailor park. The flaunt their wealth around other rich/wealthy people.

It is all about intelligence and couth, Two things Black rappers tend to lack.

It doesnt matter what Black people do. We will have less money as of now because of the old money we DON’T HAVE! Hopefully in the future we will be equal, but as far as Whites now, they have old money they never allowed us top partake in like money form patents, inventions and yes, slavery. Peopl should look beyond the now, things now are because of the past. Again, hopefully the future will show us different.

Financial Fitness Rule #1 is Buy Financial Assets (A Financial Asset is something that has a Return On Investment [R.O.I] a.k.a Makes More Money) BEFORE buying Financial Liabilities (A financial liabilty is something that has a Loss On Investment [L.O.I] a.k.a Takes More Money)

Examples would be Financing a SHINY NEW CAR VS. Financing an INCOME PRODUCING HOME; In essence Buying the Home that Produces Income allows more income to work with … if for nothing else … to Buy and Be financially fit enough to Buy A SHINY NEW CAR.

LoL not much of a Secret since Banks and other financial instituions (IRS, etc.) have guidleines to follow when it comes to how they value and Operate the Money Making mechanisms.

I’m No Trump but I am a in the BLACK when it comes to Personal Finance; and it took the crash of “Keeping up with the STATUS” to realize that when one has Work Dollars Working to Produce Additonal Dollars there is more round to Produce More and Live a Prosperous Life :)

Excellent piece. Again Yung Joc (who dropped knowledge on CNN) breaks the stereotype about ignorant rappers and shares wise, articulate truths about mistakes are made and what can be done. Good work Kandi, you knew Joc would do his thing and you’re still looking good while handling business.

Re: stylish_1_2002 comment….AMEN….VERY well said.

I am a professional guy and we all go through it but the point is to mature and change. I use to do the crazy things when I was young. Spending on cars I could not afford and buying things I could not afford. I was lacking self respect and trying to have others respect or like me. As I grew older and looked at all the money that was slipping through my hands with nothing to show for it I changed. I now invest more and pay off bills. I keep an older car until it stops running. I don’t really care about what someone says because they probably don’t have nothing any way. I don’t want to to get old and retire with nothing at all or nothing for my kids. We still will buy that expensive car which looses value as soon as you drive it off the lot. Try buying property you own or buying property to rent out. That is where the money is. Try saving at least some of your money each month. You will be surprised at how fast it acc**ulates.

BTW….Excellent topic that needs more discussion with black people. We are the biggest spenders (Per Capita) in the US. We spend billions of dollars but have the LOWEST savings rate. That is CRAZY!

I just want to take the time to put a little more salt on the steak–for those of you who may not know there is a more intelligent and classy way to exchange opposing views with others…IT’S GOING TO THE PERSON’S WEBSITE/PAGE AND LEAVING A NOTE. If any of you want to debate with another poster–especially if you want to go “rude and crude” with it –then you should take this tidbit of info and PLEASE persue it…don’t dsplay your negativity and other disgusting behaviors to others on the forums….I’m quite sure others, and I, as well don’t wish to be exposed to it. Thanks and Peace.

Kandi is indeed right. Refreshing!

I think you have to look at the background before you can judge the foreground. Most of these entertainers come from no money. They idolize the guys/gals in the neighborhood that have material wealth, because they think thats what being “RICH’ is all about. They want to be like these people, so they try to follow in their foot steps (crime, entertainment, sports). The problem is that neither their families (which are usually poor) or the people they follow have a clue about how to make the money last (that’s why these guys always end up broke or are always chasing the dollar). the other thing is they’re trying to outshine each other to prove how “RICH” they are. A lot of them don’t see a future and live in the now. A lot of them think they’re smart (otherwise how would they be making so much) so they don’t seek help in making the money last. think about the personallity of the average rapper, athlete, entertainer. they’re mostly bragging types, so they want to talk and not listen and when they do get someone to handle their finances, they don’t question or monitor that person, so they get taken. Education is the best backgroud for a successfull forground. Blacks have always done this, try to impress someone with their material wealth (thats why we are the No.1 consumer, but last in actual wealth) Look around your neighborhood and you will see it. True wealth is acquired over generations. You have to pass something down that the next generation can grow with. And stop blaming someone else for your situation. We all understand our history (slavery, Jim Crow, etc.) but when will we take responsibility for our actions. Look around your neighborhoods. How many Blacks now own businesses in your neighborhood. How many Black business did you close down, because of your patronage (or lack there of) Passing down a Escalade with 24s is not the same as passing down a businees to grow on. True wealth takes generations. And please all whites are not rich and all rich are not white. Stop believing the stereotype.

we need togo beyond saving. you need to invest as well. that’s how you have money make money. i liked the video. but to really get ahead and stay ahed, don’t just sepend on a 401k, learn how to day trade, not just buy stocks and guess,. this is coming from some one who trades forex and will start their own LLC here this year. then i will be buying physical gold to keep on me and in a safe deposit box., and not a damn gold chain! that’s how you do it my beautiful black people.. i couldn’t believe how many of my own trace i talk to that don’t have a clue as to how to trade foreign exchange or commodities. we need to be self educated on that because that is something you will not learn in school. I have seen tons of great white day traders that i look to for inspiration but none i have seen are black. it’s very rare besides Chris Gardner. we need some. I’ll step up for that.

Yung Joc somewhat hit the nail on the head,about black people and their money problem(s) generational influence is important and is part of the problem, but how do you give somebody what you don’t have. You don’t have to give someone anything but get them interested, first we have to check ourselves mentally we blacks have so many things that we are defensive about. It is hard to approach us about anything so get rid of the attitude, we also need to learn from those whom have made wealth and try to copy what they did within our means, make what we have grow. We also need to know our self worth and teach that to our kids so as they grow become adults and start looking for work they don’t let people pay them less than their talents really are. Yeah prejudice is alive and growing stronger everyday despite of the recent achievements that this country have made, we have to three times better in what we do than other races, but I will not ride that excuse. We have the internet which is not there to just check email, porn or dating sites, but to research to verify what we find out or what someone have told us. Lastly we as blacks need to get rid of that crab-n****r mentality instead of being jealous,and trying to pull others down that may have found the secret to make their finances grow. And to the ones that have found the secret to make their finances grow share with people instead of turning up your nose to someone who have not figured out what you have, help them someone had to help you. Not everyone is lazy or trying to use you to do there work some just need to be pointed in the right direction.

I am really enjoying the intelligent commentary on this topic. Refreshing tohave a topic worth discussing at length.

Kelis_TheMagnificent
Jul. 10th, 2010
at 3:41 pm
It’s interesting how this site is geared toward the African-American community, and at the same time, it perpetuates negative stereotypes about African-American people in it’s articles. As for this particular article, I feel very inclined to submit my response. I work in the financial industry. What I have come to understand, through my day-to-day work, is that American’s have issues handling their finances responsibly. This is no “black” problem. This is an American problem. Just as often as African-Americans spend their money irresponsibly, European-Americans do the same. This is an American tradition. When people from other countries come to America and obtain wealth, and keep it, it could have much to do with their cultural practices, morals and values. For example, Mexicans normally value family and unity in their communities. Therefore, it should be no surprise to see ten Mexicans in one household. While everyone is working, bills are split ten ways, and everyone is able to obtain and multiply their wealth quite quickly. This is due to their Mexican cultural morals of family and unity. American values are much different from many foreigners. Status, materials, fashion, etc; these are everyday

(((you got it right)))!!!!!!!!!!!!!!!!!!

Kandi while your topic is interesting, do keep in mind that many black people are business owners and financial profession.
oh, by the way thank God you re a single woman. this blog has lots of single men contributing. Hope they dont die when your status change…

YEA I DO AGREE THAT THEY DO NEED BODYGUARDS BECAUSE IF THEY DON’T HAVE THEM THEY WILL GET ROBBED. YOU ONLY LIVE ONCE AND YOU CAN’T TAKE NO MONEY WITH YOU SO SPEND IT BOTH WISELY AND FOR FUN

I agree with both of you. We as Black people… must change our behavior when it comes to money and positions. Just because you have a dollar in your pocket doesn’t mean you have to spend it. I am teaching my daughter to save and plan for the future. My parents didn’t stress saving money and investing in your own future. Please keep up the discussion and Blogs.

While I’m not one to personally attack others without provocation, I do believe that there is WAY too much negativity and connotations when it comes to the “news” and opinions on BP and web sites associated with it.

As far as finance and being being money savvy, the basic point is to spend less than you what you take in and invest in opportunities that will more than likely increase in value. I use the qualifier of more than likely because not all investments will turn out the way you seek however it is better to invest in something that has a chance of producing more than something that will sure depreciate in value.

WAT IS SPENDIN MONEY RIGHT? SERIOUSLY, SINCE THIS IS THE TOPIC. HOW WE AS BLACK PEOPLE DONT SPEND WISELY? R YALL TALKIN BOUT THE RICH BLACK PEOPLE, THE WEALTHY, OR THE POOR? CUZ WEALTHY BLACK PEOPLE (IF IM NOT MISTAKING) OWN SMALL BUSINESSES HERE N THERE, AND LIVE IN A NICE SIZE HOUSE WITH MONEY IN THE BANK, AND HOPEFULLY GOT MONEY SAVIN UP FA THEIR KIDS N GRANDKIDS, GIVIN CHARITY ETC.., AND RICH BLACK PEOPLE OBVIOUSLY HAS EVERYTHING..BIG BUSINESSES, MONEY SAVED (DEFINITLY WOULD BE WISE) INVESTMENTS, N CHARITY ETC…, BUT WAT BOUT THE POOR BLACK PEOPLE? WHAT DO WE ACTUALLY NEED TO DO FOR IT TO BE CALLED “SPENDING MONEY RIGHT OR WISELY”? WAT? I THINK WE DO SPEND IT RIGHT ACTUALLY. AINT DAT Y WE HUSTLE, WORK HARD, N STRUGGLE TO BECOME FINANCIALLY SET? I MEAN THE RICH (IF U DO IT RIGHT) DO STAY RICH TO SOME EXTINCT. U GOT TA B A STUPID MUFUKA TO NOT SPEND MONEY RIGHT! STAY OUTTA OTHA PEOPLES POCKETS. DAMN!! NOOOO, ITS MO LIKE THIS COUNTRY DONT SPEND MONEY RIGHT. TO BE HONEST THE LAST TIME I REALLY HEARD A MUFUKA GO BROKE FROM NOT SPENDIN MONEY RIGHT WAS WESLEY SNIPES. TSK TSK TSK. ITS LIKE DA ONLY TOPICS YALL BRING UP IS NEGATIVE TOPICS.

No wise investments and you are broke.

I once heard Tavis Smiley say that “black people spend too much money they don’t have to buy things they don’t need to impress people they don’t like.” He was surely right……black people please spend your money accordingly.

Hello Kandi, in response to your statement about pulling coattails: Why don’t you actually pull their coat tails and talk to them about planning/saving for the future instead of just thinking about talking to them about it. Furthermore, isn’t the JOB of their financial/business managers to do this. And if they don’t have financial managers then their personal managers and legal advisers should be doing this. But I have also learned that you can take a horse to water but you can’t make them drink, especially when they are “grown” and think they know it all and the fountain of money will flow forever.

Now let me pull your coat tail… Since you are in the position to meet many of these newly rich artists, you are also in a good position to start a financial/planning consulting company. Even if you don’t have all the knowledge yourself you can hire the right people to work for you.

Keep up the good work Kandi

Cris is Bliss
Rough Luxury

@BLUE89: THANK YOU, EXACTLY.

BUT, HONESTLY I THINK WE SPEND MONEY RIGHT. US BLACK PEOPLE R SMART. LIKE I SAID ALL THESE RICH BLACK PEOPLE TODAY WHO I SEE ON TV ETC.. I THINK IS DOIN A NICE JOB WIT THEY MONEY, AND STILL GETTIN PAID. ALL THESE WEALTHY BLACK PEOPLE WHO HAVE SMALL BUSINESSES SUCH AS SALONS, N BARBERSHOPS, R STILL IN BUSINESS FROM YEARS AGO, SO HOW WE NOT SPENDIN MONEY RIGHT? ACTUALLY THIS RESTAURANT CALLED “BIG DADDYS” IS OPENING UP EVERYWEA NOW IN MN SINCE HE WAS SELLIN BBQ OUT HIS HOUSE…LOOK EM UP (HE BLACK). I THINK WE ARE MORE BUSINESS SAVVY THAN WE WERE BEFORE AS BLACK PEOPLE.

Successful white people don’t necessarily carry cash or credit cards around them, they have someone around them arrange for or pay for all their needs otherwise “successful white people get what they want for free. So called successful “hip Hop” personalities who buy into that life style feel a need to over compensate for the many years they spent as less than ordinary people with no power to effect real change in their lives. The cash can be used to buy favors, and create the illusion that they are just as resourceful as their white counter parts. Nothing can be further from the truth. Black people will always have to work harder and pay for everything they got, no body is going to give us anything for free in America. Just ask Michael Jackson!

EVERYONE RIGHT, WHEN WE TALK ABOUT SPENDING OR NOT SPENDING MONEY, MY PEOPLE SPEND MORE THEN SUPPOSED TO BE, BECAUSE WE ARE LIVING OUR LIFE WE DON`T CARE ABOUT TOMORROW BUT THAT IS WRONG AND WHEN WE SAY BLACK PEOPLE IS MEAN WE TALKING ABOUT NATION NOT ONLY THOSE RICH AFRICAN AMERICAN,THEREFORE WE HAVE TO BE SAME LIKE CHINES OR JOSH TO THINK ABOUT PENNY BEFORE YOU SPENDING THAT IS KIND OF IMPOSSIBLE BUT DO YOUR BEST AND WORK HARD TO PASS THE BRIDGE AND THEN WILL BE OKAY.

Kandi is right! its seems when we get money we want everyone to know it, so we show it. 15 percent of rich black people ARE very smart about their money, but 85 percent of them are not. I know for a fact in order for them to learn is to be mentored or just surround themselves with people that have the wealth and dont care if you think they don’t have a dime. If you hang with nothing but slackers you think like A slacker, but if you accompany yourself with positive go getters, business owners, rich people and people that loves you and your best interest in heart, you will never go wrong. We care to much about what other people thinks about us. I know when I get to this money the way want to get to it, im going to do everything to make sure my kids kids benefits off it.

They make great points (also lovin Kandi’s hair!!!)…but it would also help if the celebs (mostly black) would demonstrate the kind of wealth-building they are talking about here — stop walking around making it seem like insignificant material things are the possessions that one should attain…talk about how you use your money to help others in your records sometimes. But moreover, I agree with Joc. Adults do a poor job of instilling these values in the young people we directly influence. And us talking about what so and so has versus what we have built and own with our own hard work doesn’t help. We are raising people that are never satisfied (in a bad way). That is, people that never have enough “stuff” and certainly no “stuff” of substance, like a house and a savings account.

Wow, I didnt know it was ONLY black people responsible for the recession. Wow, I guess we are pretty powerful aye?

The name for that is call a front, all people follow tradition or custom if you get a group of rappers that flaunt their riches all the rest of rappers will follow the same trend and do the same thing,
a black man want you to see what he has acc**ulate so he is right in your face with his wealth, plus black people invest in the wrong thing, what these rappers do not understand is that they are setting a bad habit or trend, so why can’t they invest in having their own basketball team or America football team they need to start owning their own Franchise for the black nation have no Franchise, what he is saying to you is that he has made it or arrive, after suffering for so long, a lot of black people like that kind of stupid negative behaviour, Africa is the rich place on earth but because of bad management it is the poorest, we have been teach not to think for ourselves and that is causing us a big problem, plus we are shut out of the business market, black need to own their own Franchise we are just consumer.

The name for that is call a front, all people follow tradition or custom if you get a group of rappers that flaunt their riches all the rest of rappers will follow the same trend and do the same thing,
a black man want you to see what he has acc**ulate or accomplish so he is right in your face with his wealth, plus black people invest in the wrong thing, what these rappers do not understand is that they are setting a bad habit or trend, so why can’t they invest in having their own basketball team or America football team they need to start owning their own Franchise for the black nation have no Franchise, what a rappers is saying to you is that he has made it or arrive, after suffering for so long, a lot of black people like that kind of stupid negative behaviour, Africa is the rich place on earth but because of bad management it is the poorest, we have been teach not to think for ourselves and that is causing us a big problem, plus we are shut out of the business market, black people need to own their own Franchise we are just consumer.

Its called INSECURITY!!! A lot of white and other celebrities are secure and have no need to impress people who for the most part dont have a pot to pi$$ in. There are some secure black celebs and there are also some white celebs who front. Its about being secure with yourself and when I see a brotha or sista who is flashing that tells me that they are insecure with themselves despite their wealth. Also when you think like that its only a matter of time before you will no longer attract wealth, it will run away from you.

if black people dont spend there money right its only because of the people they c on tv only talkin about makin it rain ,if u dont have a bentley u aint rich which has been said by many young black millionares ,expensive liqour ,jewlery rims and cars is all the youth see instead of someone tellin them to just fall back and invest there money. certain brothers that been broke all they life get alot of money all of a sudden and dont know how to act think im lyin 2 names latrell spreewell and antoine walker r both in debt after making 100′s of millions of $ now that is not only sad but f**king stupid as well

infact for me i don,t know wat to say bcz am real sad about that ,,,,,,,,to be a star dosen,t mean that u are very intteligent as well lol the are people who know more than star do …..it is too bad to be rich than after u bcome the poorest ,,,,,, well all i know most star are facing is egnorces to understand life of tomorrow

black folks still hava slave mentallity its sad,a black person with a business degree still doesnt own a business yet foreigners cant even speak english and run companies in america,thats because they have commond sense,blks think we need this and that,but we need GOOD SENSE! thats all….

im gonna agree i get mad as hell when celebs get their ass on t.v and ask the poor people to help when people needs help and their the ones sitting with all the money than they get their ass on mtv.cribs and show s**t they dont even use r u kidding me if u cant play a f**king piano than why in the hell u have one cause it looks good yea

A lot of people who are not use to anything flaunt what they have. It is a level of insecurity. As far as rappers, let’s be honest, the majority of them come from the streets and don’t have the sophistication to know better. Now Common, is low key and does not flaunt. I really love his style because you can tell that he is secure and believes in himself and is not trying to impress others. Other rappers need to take note.

In general, Blacks are just insecure and want to prove themselves. I don’t totally blame blacks for the mentality but everything goes back to slavery and how blacks are/were perceived. However, we as blacks need to think beyond that BS and understand that, if you are doing positive things, you don’t need to flaunt what you have. Plus, you should do what you are suppose to do and until that is done, flaunting is just that, flaunting. I personally have more respect for a brother/ sister working in McDonalds and/or going to school to get his degree and wearing the basic jeans and a T-shirt as opposed to designer this and that. But for the brothers/sisters walking around with stupid big gold necklaces, driving luxury cars, kids in designer wear and probably does not have a high school diploma gets no respect from me.

We are also still in the dark in terms of stocks, etc. Many whites are very well educated with stocks, bonds because of their ancestors. Unfortunately, our ancestors were excluded and didn’t have much knowledge of many things but it’s still no reason for blacks to spend money foolishly. I’ve been investing in stocks and bonds since I started working. I don’t miss the money because I don’t see it.

First of all, when my daughter was about four and learning her colors she asked me “Dad,why do they call us “black”? This is not black” she said pointing to her arm.”This is brown…” So today I say “African American”. We see our brothers and sisters walking around with gold and diamonds on and we criticize them, perhaps because we have succ**bed to the slave master mentality. I see some of the styles today, jewelry included and can’t help but think that some of us are feeling and have reached the financial success that we had in Africa when we were kings and queens and felt free to walk around with said “jewelry”. As a matter of fact it’s been said that in the southern part of Africa (where there were pyramids too) gold and diamonds lay in the streets and every one wore them. Or did you think that the other races brought the gun because they like the sun? We are and always have been happy and bold and beautiful and colorful people. And we were warriors. Our youth feel the warrior spirit in their blood and the other races are afraid because now they have the gun too, and just like them, we are afraid of our own children. And because we have succ**bed they have lost respect for us. Oh yeah, and the so called status symbol of credit did not exist. We have come today to deny our very nature of laughing loud and a lot and being a very expressive people. We blindly accept some other race’s opinion of what is good and what is not. When our youth self express we try to steer them away from their spirit to what is “accepted” and then we get anger and rebellion. We should celebrate the people like Dave Chappelle who didn’t wear a dress and take the money, Lebron and DWade and Chris who didn’t sell out, and people like Floyd Mayweather who is “flashy” and can make the remark “Everything I have is paid for” rather than still push a stock market that crashed, and a world wide “credit” system that has most of us in debt. Tell me honestly, who really owns that house that you are paying 2-3 times what it’s worth? Isn’t that usury? Did you know that banks will indeed loan structure a mortgage on a flat fee? I personally know of Muslim communities that have such an agreement with BOA. Miss a payment or 2 on your car and see if it’s still yours. Are you living the American “dream”? How much did you lose on your 401K when stocks fell? Don’t get me wrong I still love you and America too. It’s my home. But my eyes are wide open. Besides doesn’t the Bible say “owe no man”? We want to criticize our youth that strut their stuff instead of guiding them back to where the spirit lies.They don’t know how to channel their feelings because we don’t take the time to study where we came from in order to pass it down. What we should be questioning is why we are content to accept what we are being told about our past instead of reading J.A. Rogers or Carter G. Woodson. What we should be questioning why we live in a society that would rob our youth that walk around in gold chains and diamond piercings when we have done so for thousands of years…History and present African traditional attire shows us that we have always worn loose and flowing clothing. Knowing that we can tell our youth that they can feel the spirit without showing their behinds. If we help them fight the spiritual war may be they won’t make war on themselves.
James Brown didn’t have the Lear jet and radio stations that he owned previously, but the last time I saw him, shook his hand and said “hello Mr. Brown” he looked happy. The last time that I saw Mr. Ali he looked happy. And perhaps for the joy that they bought millions perhaps they will reach heaven. Just another opinion. I got things on credit and bills too but I try my best to keep my mind free thinking. See, my car is black and it and I are not the same color. Ask any child.

now people gone really believe it cuz its been said BY black people…..well maybe… ni99as gone think they hatin and blow it off…lol

People ya’ll are not listening to what they’re saying, if we keep buying BS and not trying to really own businesses and real estate to empower ourselves and secure our youths future we will always be behind all the other races that are passing us by financially. We will always be buying our good from Asians and Arabs who own beauty supply and hair care shops in our neighborhoods ,they don’t give a damn about us just to make our money and take it back home to suburbia while we drive luxury cars back to our apartments,see the difference!1

We the black people always have the white men that are playing God over us, even though they have brainwashed us that should not stop us from thinking for our self and thinking outside the box, I do not put no other race or nation above my race of people,
the rapper is the teacher that should be teaching the black youth and nation value and self-worth instead of putting down and disrespecting the black woman, and the rappers focusing on their own self greed or gluttony too much, the white men is laughing and is in stitches to see how stupid or foolish some of these black rappers are, I as a man I always love my black woman and I say positive thing about them and also encourage or inspire them to do batter, so I feel away when any one disrespect black woman and say negative thing about them, black woman have been through too much suffering to have some stupid or foolish black men or rappers putting them down or saying negative thing about them, just to make money, it is not like the rest of nation is not very waked or evil , but the big deferent is that they all act as one together, and the black men has been tort or teach not to love or value his own race of people , it all have to do with our slavery mentality,
it is the old saying or cliché, united we stand and divided we fall, black men we will never know themselves until their back is against the wall.

We the black people always have the white men that are playing God over us, even though they have brainwashed us, that should not stop us from thinking for our self and thinking outside the box, I do not put no other race or nation above my race of people,
the rapper is the teacher that should be teaching the black youth and nation value and self-worth instead of putting down and disrespecting the black woman, and the rappers focusing on their own self greed or gluttony too much, the white men is laughing and is in stitches to see how stupid or foolish some of these black rappers are, I as a man I always love my black woman and I say positive thing about them and also encourage or inspire them to do batter, so I feel away when any one disrespect black woman and say negative thing about them, black woman have been through too much suffering to have some stupid or foolish black men or rappers putting them down or saying negative thing about them, just to make money, it is not like the rest of nation is not very wicked or evil , but the big deferent is that they all act as one together, and the black men has been tort or teach not to love or value his own race of people , it all have to do with our slavery mentality,
it is the old saying or cliché, united we stand and divided we fall, black men we will never know themselves until their back is against the wall.

We are the only race that does not give back once we have “made it”. That’s why our race as a whole does not advance. Check out the JEWS, if they are not wrong for it, why would we be? Giving back to me is directly to those in need, not to agencies that have never helped those most in need. There is a social theory that if the top 10%(financially or educationally) of a race does not give back to the bottom 10%..advancement would be turtle paced slow to none… The me, me, me mindset is ungodly and a graet part of our downfall. We have risen in the world at the expense of our values and a great moral decay… To hell with being politically correct..Some s**t is just right or wrong?

are young people and some old are to inspiered by hip hop im not gona sit here and front i did stupid sheet with my money following behind hip hop the problem thats all we have to look up to the latest chothes cars jewls and girls let the guys metrial overwhelm them blacks dont have a roll model to show getting a good education so you can do the right thing with your money black people stop letting hip hop run your LIFE!!!

we are taught that if you are not balling you are a nobody this went on since the 70s an still gose on today sad if education would replace balling i wounder where would most of us be

The people that don’t have money spend their money foolishly. Why when you work at a minimum wage job to you need to buy Coogi jeans? Why? I have a descent job and I don’t even spend that kind of money on clothes like that. But that includes other things too like cell phones and cars. The other majority of the people who try to think responsibly spend their money wisely. And I don’t think this really pertains to a race barrier either. And then you have the worst spenders of money .. the gov’t.

She is right. It’s not a “Black” thing so much as a status thing though. People who are not used to having money will flash it due to the sudden feeling of “success” it brings.

that is a dumb rascist statement and if a white man had made it some negroes would be mad as hell.

everyone is entitled to spend their money the way they wish. they earned it.

MANY whites waste their money on EATING OUT. one meal costing more than a week of groceries. they also spend money on expensive toys like boats, private planes, motorcycles, dirt bikes, etc., that don’t increase in value.

To each his own.

It’s interesting how this site is geared toward the African-American community, and at the same time, it perpetuates negative stereotypes about African-American people in it’s articles. As for this particular article, I feel very inclined to submit my response. I work in the financial industry. What I have come to understand, through my day-to-day work, is that American’s have issues handling their finances responsibly. This is no “black” problem. This is an American problem. Just as often as African-Americans spend their money irresponsibly, European-Americans do the same. This is an American tradition. When people from other countries come to America and obtain wealth, and keep it, it could have much to do with their cultural practices, morals and values. For example, Mexicans normally value family and unity in their communities. Therefore, it should be no surprise to see ten Mexicans in one household. While everyone is working, bills are split ten ways, and everyone is able to obtain and multiply their wealth quite quickly. This is due to their Mexican cultural morals of family and unity. American values are much different from many foreigners. Status, materials, fashion, etc; these are everyday American values that lead to irresponsible spending. For example, you notice American families make purchases on credit (credit cards) instead of being patient and saving the money. In conclusion, irresponsible spending is not a “black” problem, it is an American problem that we ALL should take personal responsibility for continuing. Maybe if we looked at it that way, we can start to dig ourselves out of our recession. : ) .

[...] Kandi & Yung Joc: “Black People Don’t Spend Their Money Right” [...]

[...] Kandi & Yung Joc: “Black People Don’t Spend Their Money Right” [...]

I could not agree more, I watched the rich and famous on TV one night, this was a rapper, beautiful home, girlfriend and young child, Hell dude get married for heaven’s sake. Oh yeah, why do you need 10 vehicles? you can only drive one, they depreciate as soon as you drive off the lot. I don’t give a damn what someone else has, Black people as a whole don’t possess “OLD MONEY” acc**ulate real estate, buy franchises so you can bring in jobs, get some real investments going and do your homework, don’t trust someone else to look out for you, you look out for yourself, take a course in Economics 101 so you will understand ratio margin. dow jones, nasdaq, etc so you can ask intelligent questions and if you can’t read, LEARN!!!!
A black non famous senior citizen

You know what else pisses me off about a lot of my people especially newly signed on athletes, all they see is that multimillion dollar contract then right away they try to buy a BMW for everyone in their family bad choice back investment, some can barely read so how can you decipher a contract? Don’t depend on everyone else to look out for you, you look out for yourself, take a course in Econ 101. And when being interviewed stop saying “nam sayin’ ” every other word, why is it that a lot of the white boys with the same level of education or lack thereof still seem to articulate better on national TV? My father only had a 3rd grade education but he was so articulate in his speech that most assumed he was a college graduate, he was self taught and read books in his free time and was well versed on most subjects outside of just sports and religion he also insisted on proper English spoken at home so his children could easily assimilate into the workforce and be competitive as well.
Sincerely,
A non-famous black senior citizen

Oh yeah, one more thing, I love it when my black young people excel and do well. Can I make a suggestion? Lose the bling bling or at least tone it down, People of real substance don’t need to wear a lot of bling bling. I live in Hawaii the only blacks I see sportin’ a lot of bling bling and driving loaded top of the line BMWs or Mercedes are either pimps or drug dealers. Nothing wrong with having nice things but certain “nice thing” carry a stereotype label with it. Real rich people don’t need to advertise their “bling bling”
Again,
A black senior citizen

What I don’t get is all of the people talking about this site is geared toward African Americans but is playing into the sterotypes! Well, it needs to be address! That’s why we can’t get anywhere because as soon as someone broaches the subject, they get shot down like they shouldn’t state the obvious! Just like when Bill Cosby talked about we needed to do better, some of you wanted to kill him.. We’ve got to wake up family, and if the subject is brought up, we need to have a frank and civil dicussion about it! Don’t hate Khandi and Young Joc for bringing up the subject, let’s find solutions to combat it…Oh, and stop trying to keep up with the Jonses, cuz their broke too!!

i agree.. i’m not stereotyping anyone but these are the ppl i see in my old neighborhood and this is not every person but some..

it’s not just w/black folks but you can’t help but notice the dude on your block w/no job, living @ home but got a car w/rims, gold teeth, and big asss chains.. or the dude w/a job and the 1st thing he buys is a car w/rims.. or the guy that sells drugs – same thing..

how bout the chick w/her hair lookn fly, bad ass shoes, nails and feet done but livin w/her momma and if she got her own place it’s a mess, no food in the fridge, lights out, and if she got kids, they dressed but have lil 2 no respect..

they don’t believe in life insurance, saving and checking accounts and are only worried about the next new thing that comes out..

know this girl, she got a bf w/no job.. how bout she takes him shopping to get expensive ass jeans.. idk why.. he don’t have a job so why do he need clothes that he can’t work in or interview in..

This country is rigtfully in a recession. It worship the false god mammon with it’s ranked materialism and status. If there is no fear of God why should anybody be shocked. People walk around puffed up with pride as they are the ones who makes their own heart beats in there chest and are the Boss of bosses. It is not just the people it is also the government who we failed to hold responsible for their wasteful spended and washing of money. It is not a racial thing it is lack of self respect and self worth thing. Money,position,and goods are not a measuring stick for of love and respect for ones self. It is character that is the measure of a man,woman,boy,and girl.

Hello Kandi, I hope that my comment just makes you go hmmmmm….! As far as your suppositions about the trivial pursuits of wealthy Black People are concerned, unless somebody takes them aside and teaches them the principles of investing and saving their money, they will probably buy some jewelty and a pair of Jordan sneakers before they talk to a Real Estate Agent. And if they grew up pissing in the projects, the most luxurious room in their home might be the Bathroom. (smile) Unless they are “intimate” with someone who also has money, they will never understand: “HOW MUCH MONEY YOU MAKE DOESN’T REALLY MATTER—-WHAT COUNTS IS HOW MUCH MONEY YOU SAVE!” Let the record also show that if the individual doesn’t have any principles, morals or common sense, they are destined to fail anyway….! I’m sure everyone has heard what happens to “A FOOL” and their money? So sincere, Michael Sydney Perkins (aka SWEET P)

@ Kelis … I agree. The people on here that are saying “yeah its a black thing” and that and this are just feeding into the stereotype. Irresponsible spending is irresponsible spending no matter the race. A white couple having $20,000 in credit card debt is no different than the black person “bling bling” out.

@ AngryMann1 The reason why people tune out Bill Cosby is the way he does it. People dont want to hear the message if all you are doing is downing and degrading them. They will automatically tune you out.

This article reminds me of this case on Judge Mathis where these two young black guys were suing each other for loans…one of them had a ’90 something car with chrome rims that were worth MORE than the car. So basically Judge Mathis said “you buy what you want, but ask for what you need” and that statement can be applied to American society in general. We are always trying to keep up with the Jones or try to get the next big thing. But african americans in general are harder hit because they have nothing to fall back on. If you think buying a ’11 BMW is the right choice when you are living in the projects is the best idea, then you are asking to be broke.

For anyone thinking rapping about the next big dance or car is the way to riches, consider this: once you made it big, a huge portion of your check will go to the record label, then the manager, then the producer, then lawyers…so without any investment you have NOTHING to fall back on.

One of the comments referred to the baby boy scene where ving explained guns and butter and that is exactly what Americans need to learn about. So if you are young or older and want to be financially stable, do your research and invest (this is the internet so there are plenty of sites to teach you about investments after all), no need to be ghetto fabulous and no one is going to feel sorry for you when you are broke and struggling.

This comment is for those who think this article is a stereotype. Sorry but this time I agree. Most, again I will say MOST black people don’t spend their money right. The first thing most of us want is a MERCEDES. We’ll buy that on a VW budget. Knowin we can’t afford it. Example of not spending your money right. Buying cars over 50 thousand dollars with no garage to park it in. Spending 500 dollars on a hand bag living in a roach infested apartment. Having 200 pairs of shoes in your closet with a credit card balance of 15 thousand dollars or more. Hangin out in the strip club making it rain while living at home with yo mamma. Yeap I totally agree. Black people don’t spend their money right.

The economic melt down exposed how Americans put up a front as to how they are living: beyond our means. I pay my bills and I still have a bank account that would make most people hate me at my age, but I know I want to live comfortable when I’m 65, if I reach that age, and I don’t want my future family to suffer from being broke. Of course I will teach financial discipline before anything else. White celebrities were not broke when they weren’t actors. Most of them went to college, and good colleges at that. Rappers come from the hood, so they’re not financially savvy. Young Joc is making crazy assumptions, but then again look at Will Smith. Do you think he’ll be broke by the time his star falls. I doubt it. Him AND Jada are too smart, and Jada went to college. Maybe if rappers stopped rapping about being rich, they wouldn’t have to carry so many body guards. Singers have body guards too.

Do you know the difference between an Asset and a Liability? The minute you’re able to decipher the difference you can discover whether you are rich or poor. We spend too much money in cars or clothes or even bills. Why take all your money and spend in bills? This why you are poor. There are things that Rich people do that are different from poor people. Why go broke? When you have $100 dollars, what do you do with it? Most people don’t believe in mutual funds, stocks or bonds. Why not buy property atleast if you get something for $150,000, it “could” appreciate to $175,000 or even more? Is it because of your credit why you can’t acquire property? You have blame yourself for messing up your credit and Oh, Rich people don’t have poor credit. Maybe you should start there. Things that we think have value have done and things that are of value we don’t acquire. We waste too much of our money trying to keep up with other people and going broke. Have you ever heard of a life insurance policy? There are so many things that can make us rich, we just don’t acquire them and that’s why we are poor. Having a job doesn’t make you rich. It’s how you spend your money. Nothing wrong with buying yourself nice things and wanting to look nice and live nice. You work hard for your money. You deserve the finer things of life. But when you have the extra $10 dollars sitting on the dresser, what do you do with it? A small saving account will give you a profit for your money. We should be in a profit making business because this is what it’s all about. Taking what you have and gaining a profit. Rich people know this and that’s why they are the way they are. They don’t waste their money on foolishness. Like I said – nothing wrong with wanting nice things, but the sooner you put your money in something that will grow your money and stop owing people (like your creditors), then will you be rich.

God Bless Everyone!

[...] Kandi & Yung Joc: “Black People Don’t Spend Their Money Right” [...]

[...] Kandi & Yung Joc: “Black People Don’t Spend Their Money Right” [...]

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