You're so correct, i admit i didn't wake up to this till 42 after being laid off. Got me a federal job with a pension that also gave me credit for my military service. Started working all the overtime i could stand, started listening to people like you. Did my baby steps, became debt free by 44 then started maxing out the index funds in my jobs TSP and Roth IRA i opened with Charles Schwab. When i turned 50 started maxing the catch-up contributions also. 2010-2024, index funds, REITs, single Ai stocks. At 60 n single im debt free with a 1.2 million net worth $950,000 liquid, the rest home value and growing rapidly.
Great to hear this. I try to tell young people all the time it can be done with a plan, and it takes consistency and focus. At 54 not to far behind you with net worth. Congrats to you!
@@edgesetter7387 you're doing great, stay focused. I also welcomed down markets because I could pick up more shares on the cheap. It's about building share balance doing wealth building. Time Will take care of the rest.
@@edgesetter7387Praise Jesus Christ! Please read in The Holy Bible John 14:6, John 10:10, Mark 8:36, Hosea 4:6, Deuteronomy 8:18, John 3:16-17, Matthew chapter 24 and Revelation 21:8. HALLELUJAH! God bless.
Sad truth is it’s not going to happen. A few of us will get out and make it but most will be left behind. Unless we go back to biblical structure financially, we ( not me and mine) are cooked.
I have seen poor people buying expensive clothes, cars, TV, stereo, drugs, partying, chasing women, fighting, while I worked like a dog, buying houses, renting, staying clean, traveling on overtime jobs, living in a van, supporting my family. Now I am semi-retired, investing in stocks, thanks to your encouragement, fact is I did not know how to multiply my wealth, but I am learning and turning a corner. I appreciate your encouragement and am making some progress! Long way to go, and have only myself to blame if things go wrong, or go right! It is up to me to educate myself, discipline, and focus on being successful, while still enjoying my family and my life as I struggle for financial freedom from the slavery of debt! Thanks!
Thank you. I wish our African American people would listen to this information. I could not contribute more to my 401k until I increased my earning potential at age 38. I finished nursing school with an associate degree and let my employer pay for my bachelor's in nursing. I still drive a 2015 paid-off car that I try to keep the maintenance up on and am currently renting because of the high interest rates with owning a home at this time. I will say that African Americans try to pressure you into living the somewhat American (in debt) dream. I had many people say to me you should buy a new car or go get you a nice 3-bedroom home. I just laugh at them because I am currently single with no children so why would I need a 3 bedroom house or a new car. Most African Americans just like to look like they are wealthy by living above their means. Let's not also forget that if you do increase your income other people in the family will think that you have a money tree that they can frequently use. Social media has our people screwed. Be blessed.
Nope, as a group so says Richard. However my personal finances are a multiple of the figure given for white men and put me in the top 10% of Americans regardless of race. Paid off home, no debt and a 7 figure retirement portfolio. Hard work, financial literacy and execution of a long term plan is what got me here.
@@mileswrider6622 Yes they did everything to increase their bottom line and portfolio...look at Pelosi, Diane Feinstein, Bidens, Obamas, Schumer, Cheneys, and many others ....
You are right Mr. Fain. What do we do with our incomes ? For example when we see what black women spend each year on hair care and cosmetics, it is really a shame that it ends up in the pockets of other communities. Koreans, Indians and Chinese are the first producers in the wig and weaves business while black women are the most consumers, it is a shame. It is time for us to wake up. We just need better management of our incomes and investments within the community. Thank you..
I think we need to build more businesses. Per capita, we create the least businesses. I would suspect that many black would buy black owned, they just don't have the options. We need social capital. We need to build.
I raised 175k and Maria Luisa Clare is to be thanked. I got my self my dream car 🚗 just last weekend, My journey with her started after my best friend came back from New York and saw me suffering in dept then told me about her and how to change my life through her. Maria L. Clare is the kind of person one needs in his or her life! I got a home, a good wife, and a beautiful daughter. Note!:: this is not a promotion but me trying to make a point that no matter what happens, always have faith and keep living!!
@@frankellis9627yeah but Black folks ain't been listening because they don't trust Whyte folks plus many of us are to occupied with dumb( S)It's gonna take black people like Richard to keep preaching it.
Facts and that same Heritage Foundation Think Tank was also behind Obamacare. People just have to read & research for themselves instead of listening to all of the Fear base propagandist out here.
A lot of people can’t get past the psychological hurdle of keeping up with the Jones’s. All my money is going to 2-flats and businesses and 401k and S&P 500.
Most wealthy people are MARRIED. Likewise divorce is a major wealth killer. Lastly having children as a single woman all but guarantees you will be at the bottom financially.
I totally agree with you that black folks need to lean how to invest. However, 401k is trash if the company does not match. You’re not calculating the tax owed on this deferred income and taxes and inflation will eat up that cash. I took all my 401k and bought a commercial property that gives tremendous cash flow every month and I will be able to put all my assets. in a trust for next generation. I plan to retire in 5 years with zero 401k with huge investment income. Money is not wealth. Assets are wealth.
Thank you for sharing this informative video. As a retired Black woman, I know you are telling the truth. I wish I had saved more when I was younger and still working. Please keep educating people. New subscriber here.
To all those refuting the evidence and claiming there are successful blocks you are indeed correct but what you need to understand is that in America per capita there are more blocks on welfare in 2024 than they were in 1974. Think about that do you think America has greater opportunities today Than it did in 1974? Why all blacks not taking advantage of this? Why are other minorities such as Indians, Chinese, Vietnamese all others surpassing the black household? It all comes down to a culture of self indulgence and over spending. You may not want to admit this because you may very well be one of these people That would rather have a shiny New Dodge Challenger or range Rover in the driveway then thinking about contributing that monthly amount into an investment from which you will reap rewards 20 years down the road but these are indeed facts.
It happened in the 1960 with an experiments with mice also,even when things got bad,they stayed!...it's called American citizens have been conditioned an groomed too much(not just black people!) They unfortunately want depopulation and it ain't about skin color!
Seek God first…Pay off your debt, pay down your mortgage, emergency fund, build up your retirement accounts. Build up your HSA account and DO NOT LOVE THIS WORLD. “What does it profit a man to gain this temporary world and lose his ETERNAL SOUL”
excellent advice -- That TRUMP's any project 2025 non-sense -- That was Heritage Foundation and not Trump. People don't Max their 401k balance because they have the nicest cars in the parking lot. They spend their money on Gucci drawers.
This video is very informative and sobering regarding the current and possible future financial state of Black Americans. One other point that could be made is choose very wisely in who you marry because divorce is one of the greatest threat to financial security especially for Black men. Half of your assets can be taken you in a blink of an eye. And it’s often hard to rebuild financial when you’re middle age or older. Just wanted to add this to the equation.
The importance of marriage and choosing well cannot be understated. Most millionaires are married. The correlation is simple. Wealth building does best in a stable environment. Likewise divorce and babies out of wedlock are major wealth killers. For obvious reasons.
Sooo true! Years ago I was newly divorced, paying child support, and always in Family Court. I rarely saw any other races in court clawing at each other and the kids got caught in the "crossfire"! I teach my little Blk Princess to wait on the ring, house with the Pickett fence and the two-car garage! And she knows that it's not just for her but for her children who deserve a stable future! And a father who's married(committed) to their mother and his children!
Not for alot of people. Biden administration discharge several family members student loans and mine. That frees up tons of money for millions of black people. Speak for yourself. I'm grateful
it does not matter about policy or 2025 we are already in last place and have been for the longest, until we put the black family back together it will remain the same in every facet of our society
Mr. Fain you have nearly 1 million subscribers. Thought experiment: if 1 million Black people contributed $800 a month to a Black Wealth & Investment Fund. That would be $800 million. If that same million people did that for 1 year that's $9.6 billion and in 5 years that's $48 billion. In 10 years that's $1 trillion. With that much liquid cash Black people can buy most the state of Mississippi & South Carolina, establish sea lanes to the Caribbean, Salvador Brazil, & West Africa. We don't need indiviual stats! We need to pull all resourses together! If you can do this with 1 million people, what can we do with 10 million or 20 million. We have the power! ✊🏿
Project 25 would be nice if they cut all our taxes by half. That way we have more take home pay to save, invest, spend on things we value, and create our own rich lives.
In my opinion, some of these people will not listen to anything positive. Some are always looking for a quick dollar in all the wrong places. This is shameful and the positive people can't fight this mishap alone. We need all hands on deck!!
Sir, this is a great message and needs to be said more and more. It's a about having balance. Live below your means and use your money to create more wealth. It is truly what your decide to do with your money that makes all the difference.
Nice video and well explained. Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. Thanks to Expert Morrison Shawn the lady you recommended.....
Based on the review from FINRA, my candid advice is everyone should set up their minds on investment this die minute and next year as the market is experiencing huge flux in the market
!! my outlook on money changed when I realized someone making $400,000 can retire broke & someone making $80,000 can retire a multi-millionaire. With the current market movement, you have $100,000 to invest. Where are you investing it?
Thank you for addressing this topic and please repeat it every day to help our community. Its not how much you make BUT how much you keep. We need to STOP spending!! Especially iat white supremacist corporations. Those stats are real, just ask your relatives or close friends about their retirement savings, they have an expensive car though 😂
Richard, the numbers you shared are actually worse since they are the "average" and skewed upward by the wealthy in each classification. The better number would be the "median" which would show 50% above and below. Another nice video Richard!
This video was well needed thank you Mr fain I watch you every day but this video here really woke me up thank you for what you do on here I truly appreciate you 💪🏾
Hello Richard. It's good to see you again. Do you know the average person , because they don't have financial literacy, they are taught in school just work for money. They don't see the other side. They can't see what they can't see. When the market crash, I borrow money to buy real estate for pennies on a dollar. That's how you build wealth. I bought the best real estate in the world and quadruple my net worth. I didn't learn that in school. You can't build generational wealth by working 30-40 years and putting your money in a 401k or IRA full of stocks bonds and ETFs. Good investing! 🥂🍾
Generally speaking you can't make money from income. You have to money to gamble. You have to have money to lose. It's called investing. Think about nature. You have to first plant a seed. Only then is it possible for a plant to grow. You have to find a way to gamble with some of your money, typically called savings, to try to grow wealth. And much of time you will fail. Thats just the way life is. So you just keep trying until you get it right or die. What else can you do?
Yes, it's bad out here. Especially if you're coming from poverty. Most people out here are just trying to survive. I just had a financial talk with my two son's and my nephew all of which are in their early 20's
I got my 😂😂😂 they can do whatever they like . I don't bye the Hispanic numbers because the vast majority are not high school educated and more work low paying jobs . I saw these numbers and what I see is they used BP in lower paying jobs .
A better number to use would have neen the "median" as opposed to the Average as the average is skewed by extremes. That said, the overall message is clear. We must do better as a group. True freedom is FINANCIAL.
XAI401C 200X IN 10 YEARS - so likely another 200x in 10 years=$20 MILLION/XAI401C!!! So getting 1/10 XAI401C $10k today might turn into $2M in 10 years - if one can hold through all the volatility.
If u wasn't a professional u not getting nothing no way for retirement. Plus the economy done out price those little retirement checks. This is why many seniors an elderly r homeless. An the next generation is going to be alot worse. U need a brain in this ERA. The new ERA is ARTIFICIAL INTELLIGENCE, nanotechnology, robotics, quantum computers, and advanced software technology. These are the fields that are out today u need a brain in this ERA
► Limited Time - 4.35% APY + 3-month 3.75% APY Booster + Up to 15 Free Stocks! (Deposit $100 Get 5 Free Stocks - Deposit $1,000 Get Additional 10 Free Stocks): j.moomoo.com/00EI6e
Hi Richard! Is this offer available to canadian customers?
You're so correct, i admit i didn't wake up to this till 42 after being laid off. Got me a federal job with a pension that also gave me credit for my military service. Started working all the overtime i could stand, started listening to people like you. Did my baby steps, became debt free by 44 then started maxing out the index funds in my jobs TSP and Roth IRA i opened with Charles Schwab. When i turned 50 started maxing the catch-up contributions also. 2010-2024, index funds, REITs, single Ai stocks. At 60 n single im debt free with a 1.2 million net worth $950,000 liquid, the rest home value and growing rapidly.
People use to laugh at me and called me cheap but I didn't care. They don't laugh anymore these days. I do😂!
Great to hear this. I try to tell young people all the time it can be done with a plan, and it takes consistency and focus. At 54 not to far behind you with net worth. Congrats to you!
@@jonathanwallace6667 “They don’t laugh anymore”, I like this one 😂
@@edgesetter7387 you're doing great, stay focused. I also welcomed down markets because I could pick up more shares on the cheap. It's about building share balance doing wealth building. Time Will take care of the rest.
@@edgesetter7387Praise Jesus Christ! Please read in The Holy Bible John 14:6, John 10:10, Mark 8:36, Hosea 4:6, Deuteronomy 8:18, John 3:16-17, Matthew chapter 24 and Revelation 21:8. HALLELUJAH! God bless.
I'm not as concerned about Project 2025 as I am about rebuilding my portfolio. 😢
This
Exactly. True freedom is ECONOMIC.
Scare Tactic..What about GOD 2025!!😊
@@santeadrajackson5050 Maybe you haven't paid attention to history. God appears to be hands off. Your life is on you.
Sad truth is it’s not going to happen. A few of us will get out and make it but most will be left behind. Unless we go back to biblical structure financially, we ( not me and mine) are cooked.
I have seen poor people buying expensive clothes, cars, TV, stereo, drugs, partying, chasing women, fighting, while I worked like a dog, buying houses, renting, staying clean, traveling on overtime jobs, living in a van, supporting my family. Now I am semi-retired, investing in stocks, thanks to your encouragement, fact is I did not know how to multiply my wealth, but I am learning and turning a corner. I appreciate your encouragement and am making some progress! Long way to go, and have only myself to blame if things go wrong, or go right! It is up to me to educate myself, discipline, and focus on being successful, while still enjoying my family and my life as I struggle for financial freedom from the slavery of debt! Thanks!
We love buying luxury items that we can’t afford
Staying broke trying to look RICH.😂😂😂
Thank you. I wish our African American people would listen to this information. I could not contribute more to my 401k until I increased my earning potential at age 38. I finished nursing school with an associate degree and let my employer pay for my bachelor's in nursing. I still drive a 2015 paid-off car that I try to keep the maintenance up on and am currently renting because of the high interest rates with owning a home at this time. I will say that African Americans try to pressure you into living the somewhat American (in debt) dream. I had many people say to me you should buy a new car or go get you a nice 3-bedroom home. I just laugh at them because I am currently single with no children so why would I need a 3 bedroom house or a new car. Most African Americans just like to look like they are wealthy by living above their means. Let's not also forget that if you do increase your income other people in the family will think that you have a money tree that they can frequently use. Social media has our people screwed. Be blessed.
50 YEARS LATER AND WE STILL IN LAST PLACE!!!!!!
Nope, as a group so says Richard. However my personal finances are a multiple of the figure given for white men and put me in the top 10% of Americans regardless of race. Paid off home, no debt and a 7 figure retirement portfolio. Hard work, financial literacy and execution of a long term plan is what got me here.
Tells you all these mayors, politicians and celebrities did nothing
@@mileswrider6622 Yes they did everything to increase their bottom line and portfolio...look at Pelosi, Diane Feinstein, Bidens, Obamas, Schumer, Cheneys, and many others ....
70 years
@@mileswrider6622oh yes they did- they took the money and ran. Blacks hardly ever actually help other Blacks.
You are right Mr. Fain. What do we do with our incomes ? For example when we see what black women spend each year on hair care and cosmetics, it is really a shame that it ends up in the pockets of other communities. Koreans, Indians and Chinese are the first producers in the wig and weaves business while black women are the most consumers, it is a shame. It is time for us to wake up. We just need better management of our incomes and investments within the community. Thank you..
I think we need to build more businesses. Per capita, we create the least businesses. I would suspect that many black would buy black owned, they just don't have the options. We need social capital. We need to build.
Love your videos, I’m omnivorous and pension off at 37 now 43 getting $83,000 biweekly. This video has truly inspired me in so many ways!!!
I’m feeling truly inspired.
Can you provide additional insights about the bi-weekly subject you mentioned?
$83k biweekly is extraordinary, please more context.🙏🏻
I raised 175k and Maria Luisa Clare is to be thanked. I got my self my dream car 🚗 just last weekend, My journey with her started after my best friend came back from New York and saw me suffering in dept then told me about her and how to change my life through her. Maria L. Clare is the kind of person one needs in his or her life! I got a home, a good wife, and a beautiful daughter. Note!:: this is not a promotion but me trying to make a point that no matter what happens, always have faith and keep living!!
Whoa 😲 I know her too!
Miss Maria Luisa Clare is an incredible person who has brought immense inspiration and positivity into my life.
I meagerly kicked off with $2k, and the results have been Jaw-dropping TBH!!!
We appreciate the wake-up call Richard. Always clear concise information.
Wakeup call! This report has been out forever! 😳
Ok! Do you want a cookie!!!
..and your point is @@frankellis9627 ?
@@frankellis9627yeah but Black folks ain't been listening because they don't trust Whyte folks plus many of us are to occupied with dumb( S)It's gonna take black people like Richard to keep preaching it.
Facts and that same Heritage Foundation Think Tank was also behind Obamacare. People just have to read & research for themselves instead of listening to all of the Fear base propagandist out here.
A lot of people can’t get past the psychological hurdle of keeping up with the Jones’s. All my money is going to 2-flats and businesses and 401k and S&P 500.
I like what you are saying. Keep doing what you are doing. You are like a preacher telling us that we need to hear thank you.
2M Blacks in the US are millionaires.
Please state your source...thx
That is only 5% of the population and that net worth calculation includes their primary residence.
Most wealthy people are MARRIED. Likewise divorce is a major wealth killer. Lastly having children as a single woman all but guarantees you will be at the bottom financially.
I totally agree with you that black folks need to lean how to invest. However, 401k is trash if the company does not match. You’re not calculating the tax owed on this deferred income and taxes and inflation will eat up that cash. I took all my 401k and bought a commercial property that gives tremendous cash flow every month and I will be able to put all my assets. in a trust for next generation. I plan to retire in 5 years with zero 401k with huge investment income. Money is not wealth. Assets are wealth.
My project 25.5 is building generational wealth and developing innovative skills.
Trump is under agend 47 not project 2025
Good luck in this ERA
Thank you for sharing this informative video. As a retired Black woman, I know you are telling the truth. I wish I had saved more when I was younger and still working.
Please keep educating people.
New subscriber here.
Thank you Richard for sounding the alarm.
Stop the obsession with "designer" stuff.
That's a sick obsession in the black community. It's a poverty mindset of placing value on anything with a label
To all those refuting the evidence and claiming there are successful blocks you are indeed correct but what you need to understand is that in America per capita there are more blocks on welfare in 2024 than they were in 1974. Think about that do you think America has greater opportunities today Than it did in 1974? Why all blacks not taking advantage of this? Why are other minorities such as Indians, Chinese, Vietnamese all others surpassing the black household? It all comes down to a culture of self indulgence and over spending. You may not want to admit this because you may very well be one of these people That would rather have a shiny New Dodge Challenger or range Rover in the driveway then thinking about contributing that monthly amount into an investment from which you will reap rewards 20 years down the road but these are indeed facts.
I already knew I was behind. That’s why at 59 -1/2 I’m taking some out and buying at least 2 properties this year and increasing my 401k contribution
Bro you should be retired by now
All facts Richard thanks for the news
The beginning of the New "Jim Crow"
Thanks for keeping it 💯! WE need to wake tf up!
Wow! I heard you and hear you. Convincing the generations is a full-time job.
😢😢😢😢😢 They will not listen to save their lives.
Ignorance
Rich love your content brother. 🫡
What “ alarms “ me is blacks don’t leave “ America “ when financially able
Why would we leave behind everything our ancestors fought for? They didn't flee, they stood 10 toes down.
@@BlackFreemen That part which is why most are afraid of us anyways. We just have to go within and secure the "collective bag".
Black people built America
It happened in the 1960 with an experiments with mice also,even when things got bad,they stayed!...it's called American citizens have been conditioned an groomed too much(not just black people!) They unfortunately want depopulation and it ain't about skin color!
That’s because we are so called “black Americans “. We don’t leave. We belong here. Africans do that… they leave and flee…you must be talking to them.
Seek God first…Pay off your debt, pay down your mortgage, emergency fund, build up your retirement accounts. Build up your HSA account and DO NOT LOVE THIS WORLD. “What does it profit a man to gain this temporary world and lose his ETERNAL SOUL”
excellent advice -- That TRUMP's any project 2025 non-sense -- That was Heritage Foundation and not Trump. People don't Max their 401k balance because they have the nicest cars in the parking lot. They spend their money on Gucci drawers.
I cringe when I hear someone say “Fake it until you make it.” Building a facade of wealth will keep you broke even when you have wealth.
Shit SAD Thanks Richard Keep Giving Out the Knowledge
This video is very informative and sobering regarding the current and possible future financial state of Black Americans. One other point that could be made is choose very wisely in who you marry because divorce is one of the greatest threat to financial security especially for Black men. Half of your assets can be taken you in a blink of an eye. And it’s often hard to rebuild financial when you’re middle age or older. Just wanted to add this to the equation.
It's important for us to teach the younger generations to build. And show the history of why it's important in America.
The importance of marriage and choosing well cannot be understated. Most millionaires are married. The correlation is simple. Wealth building does best in a stable environment. Likewise divorce and babies out of wedlock are major wealth killers. For obvious reasons.
Sooo true! Years ago I was newly divorced, paying child support, and always in Family Court. I rarely saw any other races in court clawing at each other and the kids got caught in the "crossfire"! I teach my little Blk Princess to wait on the ring, house with the Pickett fence and the two-car garage! And she knows that it's not just for her but for her children who deserve a stable future! And a father who's married(committed) to their mother and his children!
See the passion in Richard’s eyes
Not just black, people in general are in trouble but thank you for the valuable information Godfather Fain.
We are only concerned about us not everyone else which in good with that.
If its bad for everyone it's worse for us. Forget everyone else. They have aligned with the oppressor
It’s been horrible for African Americans even with law anti discrimination laws in place. God said their time is up.
We are the main consumers
Richard, thanks for this info. God Bless you 👍🏾
Gratitude 💯
Man I am not Black, but taking your advice like if I were one , ty
Wealth without health is nothing!!!
Thanks so… much Richard. we need to start reaching our young people. young adults ❤
Project 2020-2024 already ruined Black lives.
Fact, say the Truth. I’m so sick of this fear base, victim spreading & blame game these Liberals keep spreading.
Not for alot of people. Biden administration discharge several family members student loans and mine. That frees up tons of money for millions of black people. Speak for yourself. I'm grateful
Oh wow! Good stuff. I need to bump up my savings around 5%
I been on it trying to buy land at the end of this year, putting a lot of my money in savings and stocks. Got my credit up to 717 so trust I’m on it
Real education
We are helping multiple family members in our families. So our 401k is suffering
It isn't simple income. We also have the most single family households which negatively impacts net worth.
Where are you sourcing your data from?
100%, so important.
it does not matter about policy or 2025 we are already in last place and have been for the longest, until we put the black family back together
it will remain the same in every facet of our society
What happened to that Santa Rally?!?!
and "NO-ONE" will come to rescue you. Homelessness is beginning to appear to be the norm and it is totally frightening.
Mr. Fain you have nearly 1 million subscribers. Thought experiment: if 1 million Black people contributed $800 a month to a Black Wealth & Investment Fund. That would be $800 million. If that same million people did that for 1 year that's $9.6 billion and in 5 years that's $48 billion. In 10 years that's $1 trillion. With that much liquid cash Black people can buy most the state of Mississippi & South Carolina, establish sea lanes to the Caribbean, Salvador Brazil, & West Africa. We don't need indiviual stats! We need to pull all resourses together! If you can do this with 1 million people, what can we do with 10 million or 20 million. We have the power! ✊🏿
IF
I'm a enjoy my money now ain't nothing guaranteed in this life.
When America gets the flu…Black Americans catch pneumonia
And why is that?
Project 25 would be nice if they cut all our taxes by half. That way we have more take home pay to save, invest, spend on things we value, and create our own rich lives.
Great Video! Keep posting, you are an asset to black America
You gotta start investing early. Compound interest is how it works. Time in the market not timing the market.
In my opinion, some of these people will not listen to anything positive. Some are always looking for a quick dollar in all the wrong places. This is shameful and the positive people can't fight this mishap alone. We need all hands on deck!!
Appreciate that
1000% agree
Rich we need 2 know? I’m inn the DEEP BLOODY RED SEA SHEESH
Thanks for the wake up call. Others call it something else.
The reports have been published for decades and in court. We are always late to the party.
The bottom is your 🏠😂😂
💯💯💯👍🏾
Very valid points. What happened with Webull.
Sir, this is a great message and needs to be said more and more. It's a about having balance. Live below your means and use your money to create more wealth. It is truly what your decide to do with your money that makes all the difference.
Nice video and well explained. Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. Thanks to Expert Morrison Shawn the lady you recommended.....
I feel grateful to have met her also. She has been a game-changer in my financial journey. I Withdraw $50k yesterday
Based on the review from FINRA, my candid advice is everyone should set up their minds on investment this die minute and next year as the market is experiencing huge flux in the market
Identify with a renowned financial advisors, especially in the U.S., we first identified all firms registered with the SEC in the country.
❤Get yourself someone like Morrison Shawn who understands the market very well and is also a professional in placing trades. That's the key.
!! my outlook on money changed when I realized someone making $400,000 can retire broke & someone making $80,000 can retire a multi-millionaire. With the current market movement, you have $100,000 to invest. Where are you investing it?
Thank you Richard, this was very eye opening. I was just thinking about us black people this morning, I hope we can get it together
TRUTH
Thank you for addressing this topic and please repeat it every day to help our community. Its not how much you make BUT how much you keep. We need to STOP spending!! Especially iat white supremacist corporations. Those stats are real, just ask your relatives or close friends about their retirement savings, they have an expensive car though 😂
Sir! I take this advice for myself as well Lets keep investing, and be free Coming soon! 🔥
Chase the bag on weekdays breaking it on the weekend
Richard, the numbers you shared are actually worse since they are the "average" and skewed upward by the wealthy in each classification. The better number would be the "median" which would show 50% above and below. Another nice video Richard!
Wait, I thought Trump was under agenda 47 in project 2025 was fan made
This video was well needed thank you Mr fain I watch you every day but this video here really woke me up thank you for what you do on here I truly appreciate you 💪🏾
Hello Richard. It's good to see you again. Do you know the average person , because they don't have financial literacy, they are taught in school just work for money. They don't see the other side. They can't see what they can't see. When the market crash, I borrow money to buy real estate for pennies on a dollar. That's how you build wealth. I bought the best real estate in the world and quadruple my net worth. I didn't learn that in school. You can't build generational wealth by working 30-40 years and putting your money in a 401k or IRA full of stocks bonds and ETFs. Good investing! 🥂🍾
Market tanks and black people in trouble 😂
I see XAI401C everywhere. Could someone help explain what XAI401C is?
Generally speaking you can't make money from income. You have to money to gamble. You have to have money to lose. It's called investing. Think about nature. You have to first plant a seed. Only then is it possible for a plant to grow. You have to find a way to gamble with some of your money, typically called savings, to try to grow wealth. And much of time you will fail. Thats just the way life is. So you just keep trying until you get it right or die. What else can you do?
Great points but many bp about flash and good times now. No thought about the future or planning.
Solution is somehow link to Richard pocket 😂😂😂😂😂
Agree!!!
Making the 1% richer 😢
If you invest... you are doing exactly what the rich do! Smh
Yes, it's bad out here. Especially if you're coming from poverty. Most people out here are just trying to survive. I just had a financial talk with my two son's and my nephew all of which are in their early 20's
Let's hope they listen .
I got my 😂😂😂 they can do whatever they like . I don't bye the Hispanic numbers because the vast majority are not high school educated and more work low paying jobs . I saw these numbers and what I see is they used BP in lower paying jobs .
Palntir is on the rise again
so is, KC
We been having it hard
We have had it hard for 400 years
A better number to use would have neen the "median" as opposed to the Average as the average is skewed by extremes. That said, the overall message is clear. We must do better as a group. True freedom is FINANCIAL.
XAI401C 200X IN 10 YEARS - so likely another 200x in 10 years=$20 MILLION/XAI401C!!! So getting 1/10 XAI401C $10k today might turn into $2M in 10 years - if one can hold through all the volatility.
Time to reverse this curse and get better financial habits!
This aint nothing new! We were born in trouble! But....we are still here!!
Yea but this is something we can control like Rich said
If you’re 55 and this is all you have for retirement….it’s too late…you’re done ✅
If u wasn't a professional u not getting nothing no way for retirement.
Plus the economy done out price those little retirement checks.
This is why many seniors an elderly r homeless.
An the next generation is going to be alot worse.
U need a brain in this ERA. The new ERA is ARTIFICIAL INTELLIGENCE, nanotechnology, robotics, quantum computers, and advanced software technology.
These are the fields that are out today u need a brain in this ERA
Hey people around him are ones that will push for this stuff
Poor choices.
BRO TALK ABOUT HOW TO GET A JOB, "COMPETE " 😮, Divorce is out of control, WE NEED MOM AND DAD BRO BRO
👍🏾🤜🏾
You said 15 Free Stocks! What Stocks are they? Tesla, Apple, Nvidia?
I need help to invest.
As a black American I was better off in Trump administration.