ybps: get off the real estate bandwagon
lets chat for a second, shall we?
watching hgtv is a good thing. i can even say that watching shows like ‘flip this house’ can be educational and entertaining, but let’s be real. just because you have your broker’s license, watch these shows religiously, and live in atlanta doesn’t necessarily mean that you’re going to make it big and live off of investment property income. long-term wealth is not built on the dreams of getting rent checks for the rest of your life.
john rogers, the founder of ariel investment corporation, recently proved this statistic and the misconception african-americans have about long-term wealth in a recent chicago tribune article. his solution? educate black culture.
so let’s do that, shall we?
it is not a coincidence that we at ybpguide constantly and consistently write articles about ‘feeding the pig’, becoming financially literate, and how to save $20k. statistics have been calculated and it is no secret that a majority of our parents’ generation did not have the means or tools that we have in setting up long-term, healthy wealth avenues. this has to change with us. real estate, no matter how much ‘bang’ you think you can get, will NOT get you there. stay in the lane of diversified mutual funds and stocks. learn about annuities. don’t just follow the fad of putting money in the 401k. know the myths. stay educated.
i am privileged to know some older black folk who are doing really well. their advice has always been for me to keep saving my money and socking dollars away. pay myself first. one of my older friends used to own more than 15 buildings! the dividends were not worth the stress.
the ybp is slowly being redefined. we are lean, green, financially sound machines. come join us.
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hello juan i be calling you looking forward to working together 
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