How to Create a Wealth Ethic in Your Kids

A month or so ago, my good friend David made this post - What At Six Years Old - The Basics Of The Internet

The post is about how he has started teaching his six year old daughter about how to create and (as importantly) monetize her website. His daughter has spent her time watching her Daddy use the Internet and his six year old daughter has figured out tht Daddy makes money on the Internet. She wants in (@ six)

So he is teaching his daughter about the Internet, how to create a website and how to make money. Even if her site doesn’t make a dime think about the message. Already David is teaching his daughter the value of creating an asset that creates automatic income and as importantly he is teaching his daughter about the value of taking care of herself.

What a great advantage. David’s daughter will have over other children. Just imagine she grows up with the attitude that she has to create her own wealth, that she doesn’t have to depend on anyone, not the government, not an employer, she grows up believing from the time she was 6 that she can create her own income, her own automatic income and future wealth. What a gift to give to you child. What an unbelievable start she will have.

Kudos to David and his daughter and much success. So, here is the question, What are you teaching your children? Are you teaching them about assets and wealth or are you passing on the attitude of dependence. Are you learning more about how to invest and create business and your children are learning with you? Are you giving them the gift of freedom, the gift of financial independence? If not start her, every week I try to write about financial success, wealth creation and business creation. Subscribe to this blog and start you and your family on the road to financial success.

What are assets?

Another confusing financial term, assets. Actually assets are the building blocks of wealth. Remember, we decided to define wealth as the length of time we can maintain our lifestyle without generating income. (btw, this is not my definition, this definition came from a very famous thinker and entrepreneur Buckminster Fuller. According to Buckminster Fuller, regaining time defines wealth. I agree because you can’t buy time).

So, how do you maintain your lifestyle without having to generate income. How do you buy back your time. Well one way is to create and invest in assets that produce cash. The idea is to work once to buy or create an asset and then use the cashflow to buy your time back, effectively creating wealth.

Think bout this idea. You buy or create an asset once, and it provides you income forever. Thats how you create wealth.

Next post - How to buy assets

Barack Obama - Yes We Can Video (Inspires hope for us all)

While I call this the Black Genius Network and encourage and celebrate African American success, I also believe in the words of this song. I believe we can overcome financial illiteracy for everyone regardless of race. I believe in the politics of hope. That’s the purpose of this blog. I believe that we can and in fact we must take the initiative to enter the world economy. I believe we can and must be take responsibility for our economic development. And I believe we can create a new America that will benefit everyone.Vote for hope, take responsiblity for your own economics and believe. Yes we can.P.S

Vote on Feb 5 for the candidate of yoru choice. (Go Barack)

Why Americans are Going Broke

Read an interesting article today from Curious Cat Investing and Economy about why Americans are going broke. The entrey started with this comment

“The average household owes 20 percent more than it makes each year. The personal savings rate is in negative territory. Record numbers of Americans are losing their homes to foreclosure, and millions more are struggling to keep up with their monthly bills and obligations. ”

Curious Cat commented that American are going broke because Americans but a bunch of stuff they can’t afford and don’t need and the government encourages irresponsible spending.

I could agree more and I actually think it will get much worse. As baby boomers retire, the pressure on the economy will continue to grow and economic growth will stagnate as more and more boomers take their money out of the system.

Are you prepared, do you have a game plan. Are you studying money and wealth to see if there are opportunities for you in the future. If not, start now. We are dedicated to help. So start today by join the Black Genius Network

Dedicated to your success and education.

The Time for Change is Now, Barack Obama for President

I’ve resisted commenting on this Democratic presidential political race between Barack Obama and Hillary Clinton. I resisted comment when Senator Clinton’s, prominent New Hampshire political backer Bill Shaheen commented that the Republicans would have a field day with Senator Obama’s admitted drug use.

I resisted comment when Bob Johnson tried to imply that Senator Obama was a drug user or worse. I resisted comment when President Clinton implied that Senatorial Obama candidacy was a fairytale.

But I’ve decided that I agree frankly with the message of Senator Obama. It is time for a change, it is time to end race the politics of inclusion. It is time to include African-Americans in every aspect of American life. I agree with SenatorObama.

But the responsibility to achieve inclusion is ours, we have to learn how to grow in a capitalist society. We have to learn how to capitalize on the power of economic freedom. We have to learn how to look beyond our geographic confines and participate in the world wide capitalist economy. It’s interesting that China, a communist society is a huge capitalist society why aren’t we.

So as we move through this political season, as we trying to decide who should be our president for the next four to eight years, we also need to think about how we can increase our knowledge about how we participate in this capitalist society, not just in the United States but around the world.

Dedicated to your success

Follow The Money (Black Hair Care)

I recently saw this video on YouTube, the gist of the video is that Koreans control the retail level of black hair in our communities. The video details how Koreans control 80% of beauty supplies in our community and now Koreans are slowly buying black air care manufactures.This video is a testament to why African Americans need to own business and create their own business but more importanly we need to understand the business of money.

Here is my opinion, until and unless we start to study business, understand how money works and as importantly create our own businesses, we will face the continued erosion of our economic base.

Start the process today

Dedicated to your success

BTW, Here is a haircare line that is owned by an African American. Check out

Announcing the BGN Ambassador Program - Learn & Earn with Every New Subscription

I am always looking to help black people earn more money. I explore every avenue to generate money and I am always looking to create an asset one time that spins off cash forever. So when I started creating BGN and subscriptions to additional content I want to grow and share the revenue. So I’ve created the Black Genius Network Ambassador program.

Here’s how it works.

When you subscribe to the Black genius Network, you are automatically eligible to join the ambassador program. You recommend the BGN subscriptions and you earn a 30% commission for the lifetime of the subscription. This is an example of creating money out of thin air.

If you recommend 100 subscriptions ay $19.97, you earn $199 per month, enough to pay for a cable or utility bill. Need to pay for a car, refer 200 people. Money out of thin air

Subscribe today and start creating money from thin air (Ephemeralization)

Dedicate to your success

Can Your Print Money Legally (pt 2), Start A Business with NO MONEY

The last post generated a few emails, many people don’t believe that you can print money, or specifically you can make money out of thin air. Most of the emails where quite vehement, “This is complete buls&&t” wrote one reader. Well, I couldn’t disagree more. Money is a product of either work or ideas and most people associate money with the work. What I mean is most people believe that the only way to make money is through personal work and that is definitely not true.

There are many people that have gotten very rich developing ideas, creating a system to leverage the idea and as a result legally printing money.

That’s what the Start A Business Backwards TeleSeminar is all about, discovering a system to leverage ideas so you can print money if you recall the word is Ephemeralization. Register for the call today and discover how to print money legally.

Can You Really Print Money :) Legally

Have you ever heard of the word Ephemeralization? is a term coined by R. Buckminster Fuller. It refers to the ability of people to use technological advances to continuously do more with less. Fuller’s vision was that ephemeralization will result in ever increasing standards of living for an ever growing population despite finite resources.

Increasing standards of living means that basically thru ephemeralization you can create or print money. Here’s an example. Almost two and 1/2 years ago, I traveled to Chicago to meet and listen to a very smart brother by the name of David Bullock at a seminar. When I met David and heard him speak, I knew he was going to be a tremendous success over the last 2 1/2 years my prediction has become true. David has basically created a multi million dollar business out of thin air. He has printed real money. That’s ephemeralization.

Over the next few months, we will be talking about how to print money out of thin air. We will be talking about ephemeralization and we want you to join us. Become a Black genius today and learn the secrets to printing money. Join us on our trip to financial freedom using ephemeralization.

Make 2008 the Year You Become A Black Genius

I am very excited about this upcoming year and the opportunities ahead. The Black Genius Network is growing and we are encouraging every one of you to be a black genius.

This year we are dedicating the year of Financial Freedom, the year we all start to transform from a work ethic to a wealth ethic. Over the next few months I will be talking more about what all that means but today let me tell you about whats coming up.

Starting in January we are interview many African American entrepreneurs including real estate gurus, media and book promoters, coaches, contractors and more. Each entrepreneur has one thing in common. They are on the road to creating massive success for themselves and their families.

For example, in January we are interviewing Vicki Irving. Vicki is a real estate investment entrepreneur and coach and is among the who’s who in the Real Estate Investing World. Vicki is known has the ‘Real Estate Investment Queen” and over the last few years has help many people in the Washington D.C area achieve financial success. Vicki is featured in the THE PHENOMENON™, a movie that helps entrepreneurs, business owners, people starting new businesses, sales professionals and people from every walk of life and background attract more opportunity and co-operation… erase more obstacles… create more income and wealth… and achieve more important (even ’secret’) goals in just 12 months than in the previous 12 years combined. Vicki also is a master of start a business fast, so subscribe today and learn here secrets.

On January 22 at 8 pm, we are launching a special program called “Start-A-Business-Backwards“. This is a strategy for launching a new business, product or service and reducing or completely removing the risk to your investment. Using this strategy, you will know in advance if your business idea is profitable and how profitable allowing you to decide in advance if you are going to move forward with that business idea.

If you have ever thought about start a business then you must listen to our F.R.E.E Start-A-Business Backwards teleseminar that outlines 5 of the 21 Start-A-Business-Backwards strategies. Each strategy is designed to help you create a business with as little risk as possible and more importantly how to create a business and not a job.

Thats just some of the exciting things happening at the Black Genius Network. Also, I will be doing more speaking and writing about wealth, the wealth ethic, how the wealth ethic works with different types of investing and where those investing strategies fit when creating a wealth ethic and a wealth infrastructure. So subscribe today, Become a Black Genius Today

Dedicated to Your Success

BTW, We are also going to ask you more about what you want and hope you will participate in helping make BGN better. So tell us your dreams and goals

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