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

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