One of the challenges black people face in America is not having the proper information on how to build wealth. Information was always kept 'away' from black people. Blacks had to fight and risk their lives to integrate schools so they could learn the same information as whites. Naturally 'education' has gone from beyond something a person can only learn 'in school'....
Which brings me to a quote from Dr. Boyce that I loved so much I tweeted it out!
"Education is Essential for Black Men. College is not" - #DrBoyceWatkins #MasterP #FloydMayweather #Oppression :: https://t.co/SOEX99ZJhh
- al king () August 3, 2017
Here's the FUll Video -- With Dr. Boyce Watkins speaking on how Master P is the blueprint for Black Wealth Building
Operate on a limited Budget - stop trying to hit a homerun out the gate and instead, learn how to grow (or scale up). Too many black people make the mistake of thinking they're going to be wealthy on the first business they start.
I've never been a fan of Master P as a rapper. His music never really resonated with me, and that's brought up in this review of an article Dr. Boyce is reading from. However, his business acumen has been nothing short of a blueprint for us all to follow. I love that Dr. Boyce Watkins pointed out the difference between his example and Floyd Mayweather. Usually Floyd flaunts what are known as depreciating assets (or liabilities). None of that is a good example for black people.
Meanwhile, Master P has always used his money, to make more money. He's made it in several places, beyond rap music. We've seen his entire journey, and it's all the evidence we need that it can be done. If you're black and not relying on solid examples like his, or the Wayans family, then you're missing the boat. Just as Master P involved those around him, black families must follow suit.
They must quit competing against one another, and show each other support.
The conversation on Diversification applies to everything we teach through Topnetworkersgroup and our 1mlmsystem.
It's also an intelligent approach to making money with Cryptocurrencies as well.
Never put all your eggs in one basket. Never put all your USD into just One crypto. Never just think about ONE business, but instead think of several. Just make sure you take realistic steps towards owning several businesses. You start with one, grow it, and reinvest what you make into the next one.