African Americans Have to Compete on A Global Scale

AS the world gets more connected the challenge to step up and compete grows stronger. We need to understand that their is a globe of people that are hungry for opportunity in every aspect of life. This video is an example of that hunger in the sports world. My thanks to Rae Dawn Chong for the post on Facebook.

Réinvente ton jeu

Are we seeing the Shadow of Racism Walk Out the Door - Black Genius Network

Yesterday, I wrote about the shadow of racism, the idea being that we could be seeing the end of racism as we know it. Well, after I wrote that post I’ve had a chance to reflect and of course the news as analyzed and reported Senator Obama’s speech over and over again. As I was on my way home listening to XMRadio. The host was John Gibson and angry Rich (whoever he is). Mr Gibson, of course was analyzing the speech (as usual, he was playing snippets and taking some of the words out of context but thats conservative radio and they are entitled to do what they do) but Mr. Gibson said to a young caller “America is NOT a racist country”.

I agree, America is no longer a racist country, there is no longer overt racism and most white folks are NOT racist. So, I agree, America is not racist anymore, it is not the country that it was 60 or even 20 years ago. But I believe we still are seeing the effects of racism, for want of a term the shadow of racism as it walks out the door.

This morning I was reading Annette Hall’s analysis of the speech in the Philadelphia Inquirer (yep, I still buy the paper AND read the damn thing on the internet, the dichotomy of the old and the new). Her article “Where do we go from here” was very thoughtful but what struck we was these words “My kids always tell me to get over it. Mom, I know it’s not fair, they tell me as they text and instant-message their United Nations posse of friends. “But stop blaming it on ‘the man.’ Get over it.”

This is the challenge for people like me, we have to get over it and work hard to help racism walk out the door

Are We Seeing the Shadow of Racism Walk Out the Door - Black Genius Network

Ok, I lied, my last post I said I would talk more about business but like many I am immersed in this presidential campaign and the dichotomy of the race for president of the United States. You see, I understand, I am 55 years old and I remember with specificity the struggle of the last 50 years. I remember today, exactly where I was when marint Luther King was killed (on the corner of Osceola and Tulpehocken in Germantown). I remember the anger I felt, I remember the tears I shed and the feeling of hope going away. During that time, I turned into a radical black man, a disciple of Malcolm X. I remember with distinction in 1967, when black students marched on the Philadelphia Board of Education and the attack by Philadelphia police. (I bear a scar on my head becasue of it).

I also remember the tumultuous assassinations during those times. I remember it all and against that anger and struggle, I’ve lived a successful life. American has changed.

So today, I am proud, proud as a black man that finally the issue of race in American at least as been addressed. Everything that Senator Obama said about being black is true. Like Pastor Wright, I am sometime angry with American. I am 55 years old and remember with vividness the racial struggles of the last 50 years.

I also understand that today’s American is NOT yesterdays America. That there is a way to move forward and that people do change. I have been very successful in my life because things and people have changed.

So, I was proud of Senator Obama, proud of his speech, proud of his changing the image of black men and proud of his proud of his presidential demeanor.

This speech was the “I have a Dream” speech of this era and Senator Obama deserves to be our president.

In closing, Senator Obama’s and campaign demonstrates that maybe, just maybe we are seeing the shadow of racism walk out the door.

An Epic Struggle - The Fight to be President of the United States…..

I don’t know about you but win, lose or draw, the fight to become president waged by Barack Obama is an epic. What it is demonstrating to me is what it takes to create greatness in your life and what you have to do to achieve greatness. I have followed and supported Barack’s campaign from the beginning and watched him move past almost every obstacle. When evil forces insinuated that he was a Muslim spy (ok hyperbole), he walked calmly through and fought the rumors. When they tried to link him to Saddam, he fought thru that. When Mrs Clinton and others insinuated that he is to inexperienced to be president he is walking through that. It’s amazing to see this fan fight thru all of these obstacles to get what he wants.

Well, what this is doing for me is demonstrating what it takes to achieve greatness. This man is grinding, taking every arrow, raising money, fielding an organization in every state, speaking daily, trying to deal with the media, the republicans, the conservatives, the women, the skeptical black people, my good.

So here is my point, my hat’s off to Barack Obama, my hats off for having the heart for President, for setting the bar high for brothers, for being a good dad and husband and an inspiration to me.

In my life I’m striving to achieve greatness and the arrows and obstacles are coming, I need to do like Barack “keep on pushing” towards my goal.

Dedicated to your success

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

The Sub Prime Mortgage Mess and Black Wealth (Hoodwinked and Bamboozled)

Here we go again. Our lack of financial savvy and education is costing us billions, yes billions of dollars. Here is a quote I just read from the News Observer website

“As we spend this month celebrating the achievements of African-Americans, I’m saddened by a report that concludes that the subprime mortgage crisis has caused the largest loss of wealth in modern U.S. history for black and Latino homeowners. The erosion of wealth is staggering. Subprime borrowers of color will lose $164 billion to $213 billion because of loans taken during the past eight years”

Now I normally never use profanity but the question that needs to be asked is What the hell happened? How did we end up in this mess again. Here is another quote from the same article; “Before any of you fix your lips to place all the blame on the homeowners, consider one thing. Just remember that this loss of wealth came largely as a result of lenders and others in the mortgage industry who took advantage of people trying to achieve the American dream of homeownership.”

Again, we are taken advantage of, again in this case lenders hoodwinked us out of one of the best ways to build wealth in America. I ask again, What the hell happened?

Well if you think critically what happened again was since we don’t understand wealth we where hoodwinked, thats what happened.

So the question is How can we fix this damned problem? How can we ensure that we aren’t cheated again, taken advantage of again. How can we fix it.

We fix it with a very unpopular word. Education, specifically Financial Education and an understanding of wealth and wealth building. I am committed to learning more about building wealth and teaching what I learn. Join me.

BTW
Just to make sure everyone understands, we aren’t the only folks hoodwinked and bamboozled. There are alot of people caught in this mess. It’s just that in this country of entrepreneurship and wealth accumulation, we don’t teach anything about money, wealth or entrepreneurship in school, so most Americans are financially literate.

BTW
Thanks to everyone that sent me email regarding my daughter. She is 36 and has a great family (two kids and a great husband). She has cancer. It is hard to say those words. I am scared and sad because I haven’t always been proud of my fathering experience, but I love her and pray everyday for her recovery.

Thanks for your prayers

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.

Follow the Money - How to take back the Black Hair Care Market

I’ve decided to give this a shot because I want to generate thinking about how we can protect our business opportunities. These post are not anti-Korean, they are pro African American business, what I mean is that I respect the Kireans for seeing a marketin, defining the customer and effectively marketing to that customer, we should do the same.

The challenge is how do we build and maintain business in the same market. Over the next few post I have  suggestions both for consumers and business owners. In this post suggestions for consumers:

• Tell your stylist that you want products created by black manufacturer’s. This is important becasue black hair care manufacturer’s create jobs for other African Americans but thats not the only reason. Making stuff is the backbone of business, creating products, services etc creates a foundation for building. So demand hair care products frmo black hair care manufacturers. To help we will create a list of them here, lets support them.
• Be beautiful and support stylist that use our products.
• It’s your hair, products sold and made by blacks are just as good as other products and in some ways may be better

Here’s the reality, black women are a hug market if you support black stylist that use products made by black manufacturer’s even the Koreans will be forced to level the playing field. So demand products made by your own. Take no shorts

Dedicated to your success

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

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