Quote:
Originally posted by snuggles12
Why don't African Americans invest? Because our community does not emphasize investing. Another reason is delayed gratification. Most people want things now. We emphasize getting the expensive clothes and cars which do not have any future value.
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I have seen sooo many of my friends/associates go out and buy Range Rovers and vehicles of the like immediately after graduation from college. Buying an expensive vehicle is okay if you have some money left over to save after the monthly car payment. But if you are living with your parents or with a roomate because you don't have a full time job or you have a full time job, but it's not one that you'd need a degree for, then I think you're crazy for buying something like that.
Society as a whole is obsessed with having "things" right now, instead of thinking about "things" in the future. I don't invest now because I have nothing to invest, but when I graduate and start working, whoa watch out!!!!!
