i agree with you!!
however....you gon' make me have to pull out my books..lol,
for those of us not in that small percentile, it about perception and realizing the kind of wealth you do have. i am sure that if you poll about 10 people almost half will not have in the budget money set aside for charity. over half will probably have distorted views on money and if they have children, have probably passed on their negative habits to them. it is also about prioritizing. it ticks me off everytime i see a mother in a sneaker store shelling out big bucks for their teenager. i live in an apartment and do you know that there are people with BMW'S. that's just ignorant. our priorities are just off. we don't know how to save; we dont take the time to plan for the future.
i think the way you increase wealth is by teaching that the importance of legacy. also, by teaching that with any amount of money you can give back to your community. money is power. im not sure if your chapter does any economic empowerment with younger children, you can always start there. kids are like sponges and if they learn the basics on what they can do with $5, it can perhaps change their lives.
i happened to catch dr. phil while my daughter was asleep and he had a woman who created a piggy bank with 3 slots, one for saving, one for charity and the last was for spending (i think). its about starting early. im not saying forget about our peers, but i haven't seen or heard anything that will get the average joe to rethink their money views except for something drastic.
Quote:
Originally posted by BusinessApe1906
Any wealth document I'd ever researched shows the top 10% owning 70% of the wealth. What's more alarming is that the top 1% owns almost 40% of the wealth.
http://www.therationalradical.com/ds...stribution.htm
There is a slight variance in another study I saw:
"These data suggest that wealth is concentrated in the hands of a small number of families. The wealthiest 1 percent of households owns roughly 33.4% of the nation's net worth, the top 10% of households owns over 71%, and the bottom 40% of households owns less than 1%."
10 out of every 100 folk own 70 out of every 100 dollars and what's more frightning (1/4 of the black population is officially in poverty and 2/3 of the remainder are just outside the poverty line), we are doing the worst of the worst. What's more than that is this is based on averages. The few entertainers and athletes we have making millions are pulling the averages up. So there are probably, really, more black folk living in poverty than the numbers show...
Point is, how do produce the least, yet consume (by percentage of the population) the most? What kind of loop is that?
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