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Originally posted by darling1
im not sure if many of our millionaires are so because of inheritance..but you probably are correct. im thinking of oprah, russell simmons and the late reginald lewis. im not sure about lewis, but i know for a fact oprah and simmons are self-made.
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That, my sista, sums up my point. 75% of the richest are NOT self made. 75% followed the blue print. 100% of ours did not (well, there are some that PROBABLY have). We should begin to follow the blue print. Oprah, Michael Jordan, Bill Cosby, etc... If they can build a foundation, hand pick driven individuals and grant funds (monies set aside for wealth building - similar to what those "secret" organizations do), I think we'll begin to see a positive snowball effect in our community. Wealth building wealth.
All those orgs do is create wealth and then set aside 10% (or a fixed percentage) of their earnings to endow to their hand picked members. And the cycle goes on until you move from 10% of 1 million to 10% of 10 billion, etc. Seems like a simple wealth building strategy to me.
Ask Dubya, he's admitted benefitting from it.