Assets = Necessary Liabilities + Equity
Who’s responsible for teaching African American youth the difference between assets and unnecessary liabilities?
Watched the Movie “Baby Boy” not too long ago, and Ving Rhames character (Melvin) tried to explain the difference to them “little dumb muthafuckas” in the bedroom….. Judging by the financial choices I’ve seen African American males (ages 18-40) make over the past few yrs; Melvin’s message fell on deaf ears.
I know many people who’ve made great decisions with their money, but a lot of Black males still seem to have this subtle “make it rain” mentality. I said subtle because the average hood nigga can’t really afford to legitimately make it rain (if there’s such a thing).
Why do so many Black males make financially negligent decision?
I personally think it’s because they have self-esteem issues. The same reason a broke bitch will buy a $100 pack of weave before she saves $5 for her child’s tuition, is the same reason a basic nigga will buy 3 sets of rims before he owns a house.
They’re not interested in Guns….
And butter…. Well, butter makes them cum.
There’s something about expensive shit rapidly depreciating that makes bitches wet, and these niggas sign up for the benefits….. Sad thing about it is, most of these dudes know better, but the thirst for new pussy and the temporary high of shit’n on niggas taste too good.
So how do we convince a dumb nigga to stop consciously doing stupid shit?
We don’t….. Ignorance is comprised of the same substance as pride, dignity, and honor. Nobody can take your dignity away from you unless you let them. Unfortunately the same goes for ignorance.
A year from now, if you’ll certainly incur a substantial loss on something you purchased today; then it’s more than likely a bad investment. Especially if the object didn’t increase your productivity in the fist place…..
When you make paper, there are rules that go with it. You got to learn the difference between guns and butter. There are two types of niggas, niggas with guns… …and niggas with butter. What are the guns? That’s the real estate… …the stocks and bonds. Art work. Shit that appreciates with value. What’s the butter? Cars, clothes, jewelry, all the bullshit that don’t mean shit after you buy it. That’s what it’s all about: Guns and butter.