Is Racism Really Keeping Black People From Building Wealth?? (My Honest Thoughts) | Anthony ONeal
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- เผยแพร่เมื่อ 15 ก.ย. 2022
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Hey, fam! I’m Anthony. I’m fired up about meeting you where you are in a real, relevant, and relatable way. Here on this TH-cam channel, we’ll be having honest conversations about finding our authentic selves by living life based on spiritual, financial, and mental freedom. At the age of 19-homeless and deep in debt-I turned my life around by becoming debt-free, and I decided to spend the rest of my life helping people avoid the same money mistakes I made. Today, by the grace of God, that’s what I’m doing every day with AO Enterprise. You can rock with me on Instagram @AnthonyONeal or online at anthonyoneal.com.
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Right!! Work on us FIRST instead of sitting around blaming everyone else. Let’s work TOGETHER on the BLACK wealth!
It’s does show on paper that black people get paid less even with the same education as other races
Its not flesh and blood we wrestle against but principalities and dark powers in high places. Any race can hurt and any race can help. It's about the hearts of men, not the hue of men.
Correct
Anthony you are speaking straight FACTS!!!
My suggestion to anyone readying this is to educate yourself with these books: "Rich Dad Poor Dad", "The Richest Man In Babylon", "Think Rich and Grow Rich'
And you will not regret it!! But you have to take ownership for your own life now!
There's a difference between blaming someone else for your irresponsible financial decisions and acknowledging that systematic racism has disadvantaged many people. I haven't heard anyone say that the white man is the reason for their credit card debt 😐 We need better education and financial education at a younger age. But that's a different show for a different day.
I agree that a mandatory financial literacy class in high school would be a necessity however, how many teenagers will put that knowledge to use? I remember taking a Business Math class in college and it blew me away how much you're paying on interest when it comes to loans. That class made me want to be a loan shark
@@JohnBrown-ig5nc I personally would have benefited from it early on. I started teaching my sons early as well. They have made their fair share of bad choices because some people learn the hard way... But they know better and now they are doing better. Knowledge is Power. That's a fact, not just a cute catch phrase.
And YAY YOU! from actually taking that class!!!
@@mly3653 we learn our financial choices from those we're around and unfortunately, those around us make poor financial choices too. I don't think every teenager will grasp the concept of financial literacy but maybe there will be enough to start turning things around
@@candypurviston7735 what's redlining?
Credit card debt can most definately be due to systemic racism. There is so much address discrimination in the HR and I just heard a white female recruiter talk about how she had to fight to get black people hired because of their names. Black people tend to be out of work longer than white people and have less call backs for jobs. Now if you are buying rims and timbs and lacefront wigs and you're in credit card debt that's different but black people have higher chances of being in debt and in poverty even with college degrees and sometimes because of college degrees. There are black people trying to break into tech recruiting roles and trying to learn how to code and aren't getting hired after ten months.
Shout out to Anthony 💪🏾💪🏾 Been saying this. Stop blaming others, take ownership!
Thank you for pulling the bandaid on this one! It’s a mindset!!! 👏🏿👏🏿👏🏿👏🏿
We need this perspective. Accountability is still key even if we are playing from behind.
You're not playing from behind anymore. The white man doesn't have as much weight as the story keeping people held back does. That died out long ago. Many people have proven this.
@@billiedebra9808 with that response….You’re totally disregarding the word Accountability. Which is where I started. Have a great Weekend.
@@CampFromThePort That's exactly what this whole thing is about. Being accountable for your own actions. People want to blame a skin color for holding them back. They have to apply knowledge they have to obtain. No one can do that for you. And no, I didn't disregard accountability. I just put it back on the individual where it belongs.
@@billiedebra9808 Ok. Have a great day.
@@CampFromThePort You too!
AO! You brought fire on this!! Keep this tempo. It's good.
Brotha you have truly made it..been saying this for years..you can always tell a black man with money..he stops blaming the white man..
That's corny because even black people with money deal with racism and just because some black people make it does not mean that systemic racism, white-flight and red-lining aren't real. The fact black people are out of work longer than white people, are often denied business loans, have homes with less equity and how a white person wiht a criminal degree have a better chance at getting callbacks than a white person with a degree says a lot about "the white man". Racism isn't something long ago its happens in more sublte yet impactful ways. So just because you can walk into a nice restaurant does not mean that black people in America are treated well on a systemic level.
Some folks do take ownership. We all need to take financial literacy seriously.
We need to take classes as a FAMILY.
they dont teach this in school
I’m counting on God and listening to you Anthony! I’m stopping/pausing nursing school and going to course careers. I’m a cna and I tell everyone about you ! I got friends and co workers looking you up on TH-cam.
Why it can't be both? 🤷🏽♀️
I always say it's 50/50 now. Accountability is key but let's not act like racism and wt supremacy is not a global system that's still alive and well.
It wouldn't be a problem if we don't get hung up on people touting it all the time. It doesn't matter the skin color. What you have to know is you have the cream of the crop in any race, middle, and bottom of the barrel. What you have to worry with is your moral standing, your work ethic, and surrounding yourself with people, (all skin color), that hold those same values. The other ones that are racist and bigoted will get weeded out and cast aside. Great comment. Keep your head up, know good folks are out there and leave the mean people in the dust.
Yes...I own my poor judgments and behaviors
I just finished paying off all my debts yesterday, now it's time for me to build enough wealth to get married
Don’t get married bruh
The black wealth gap is macro economic problem not a micro economic issue personal finances and budgeting will not fix it all of it.
Glad you’re on teaching and inspiring others to deal with there financial situations.
Oh yes it will
@@bassorbass4988 Are you Black?
I’m tryna keep my nephew on the straight and narrow. He’s a freshman and school but thankfully , my sis is cash flowing to keep him as far from debt as possible.
I agree with you. My first credit card limit was 2,000 at age 23 it was max out in a week.
🗣Yes. We can acknowledge whytes as culpable and build wealth, they're not mutually exclusive. Systemic Racism still exists and hasn't been dismantled:
$13T lost in potential business revenue because of discriminatory lending to Blacks/African American entrepreneurs, with an estimated 6.1M jobs not generated as a result❗️
You 💯 correct.
And yet there are more black millionaires now than in any other time in history.
I guess the Nigerian and Jamaican immigrants were passed over when these systemic institutions were doing their thing. These are amongst the most affluent and successful immigrants in this country - in their first generation.
@@bassorbass4988 🗣you do realize systemic oppression for the last 530yrs negatively impacts the majority, not ALL people🙃🤦🏿♀️🤦🏿♂️🙈You're confounding your narrative w/meritocracy, as if ALL Jamaican&Nigerian immigrants become successful. Just bc you can't relate or haven't experienced systematic racism, doesn't make it exist less😁❗️
@@heartstrings110 🗣$2.7T in income lost because of disparities in wages suffered by Blacks/African Americans. 😂😅More Black millionaires doesn't equate to the 2.7T that was lost🙈🤦🏿♀️🤦🏿♂️yo math ain't mathing❗️
I'm not blaming systemic rascism for my mortgage, however, I am not ignorant that in corporate america they pay my white colleagues twice as much to take credit for my work. Facts, becky left her offer letter out on misstake. Facts, I have the higher education & skillset.
I agree. I know the system, of course I won’t let it stop me from trying but I understand the system I’m fighting
Bro there are white folks as bad or worse and I’ve actually found my black friends are more open to following your advice than my white friends. Difference? Black community is more of a community and is about being real regardless of where it comes from. That’s my experience. Good content. Great message. Let’s all improve together🤘
You are right on target Anthony! As African Americans and as people at large, we need to take ownership of our finances.
Facts!! Totally agree with you Anthony.
Amen!!!! I have been saying this for years!!!!
Starts with conversations in the black home about good money management. A conversation that wasn’t taking place with Gen X parents. Now’s the time! Thank you for your voice AO!
Most homes in white communities have more equity meaning most black people don't get the same amount of money for selling their homes even in the same neighborhood. Pretending that race plays no role in poverty is a lie. And the whole financial literacy thing most black people do not have access to alot of this information. And often times by the time black people find out the rules change. The lie that black people can't make it because they spend too much money on clothes or going out is not true.
Love the honesty
Amen to all this! Well articulated…
Agreed!!!! This is 2022, we have more than enough opportunity to do better
Oh, AO brought it today👏🏾
I rocks with you AO!
Racism is keeping a lot of Black folk from a cumulating wealth, but racism has been unable to prevent some accomplished Black folk from accumulating wealth.
Well said
I pulled a muscle clicking on this too fast 🤭
Thannnnnkkkk Youuuuuuu!!!!👏🏼👏🏼👏🏼👏🏼👏🏼
As a black man I think he's right you can't keep borrowing and borrowing expecting to be rich at the end of the day . Smh. No matter what colour .
Man you better preach!! If a fake person respond under my comment you getting reported
Hey AO
When you going to live Audience.. I would like to join
Just stop… no one is texting a fake number smh..
People come here from living in huts with holes in their shoes, work 3 jobs, open businesses, barely know English and manage to raise families and succeed. I came from nothing, drug addict parents, foster care, 5 arrests before age 16, HS drop out. It was my choice to turn my life around and now I do pretty well. Many friends did not make it out, dead, jail, homeless, broke, it was all 100% their choice, their lifestyle they decided to continue. Everyone has a choice. Life is 10% what happens to you and 90% how you react. Blaming imaginary boogie men for your lack of personal responsibility will not help you.
No, he funny!! 🤣🤣 he said "holes in their shoes"
🗣whom are the "imaginary boogie men"🤔❗️
Jay sounds like he can talk his way out of a ticket.
@@Spaceysgurl ...while speeding w/illegal firearms🔫&explosives💣💥💥in the car🚗too😅🤣...
@@Spaceysgurl I wish.
Amen, Amen, and Amen.
Hallelujah !!!!!
I came here thinking i was going to hear something new but i didn’t. In my opinion…yes Black people need better spending habits but fundamentally we have a resource problem. Not everyone has the same equity when it comes to money and it’s hard to budget when you live on survival. We also have to take into account our culture. Some of our student loans aren’t for ourselves but to help take care of mom, dad, lil bro and lil sis who couldn’t make it out. Those student loans help keep the lights on or bought a few meals for the family. The video had potential but it lacks a lot of range. Institutional racism is one of the reasons why we lack so much. We spent a life time building the American dream for others and creating their generational wealth while trying to survive day by day. I agree we have to do better though and thank you for being a face that looks like us trying to help us. 👍🏽
Preach!
Shout to Anthony. Talking really good .
I'm responding back to your message. How can contact you.
Where is the black panel this year
People who don't take accountability won't like this!
Cynthia G already presented a solution> STOP HAVING KIDS UNNECESSARILY. ABORT THEM
How can you Stewart when you do know how or never was taught. The average hood person is not listening because of the surrounding.
real talk
I’ve been saying this for years AO.
All facts
I understand what you are saying BUT when money management is not being taught in the BLACK household how can we manage money?
Can't blame racism on your poor spending habits. The reason you couldn't pay that light bill is not because of the Govt but because you don't know how to manage your money. Simple....
Yes racism is an actual thing..can blk ppl become rich yes..but racism still exist..financial literacy.. thumbs up.
Right
Wow ! You dropped a lot of knowledge and you told the truth. We’re blaming others for our own mistakes.
Those biscuits fire though, lol, j/k
Simple answer no. Other communities have created ways to generate wealth & distribute within their own communities. I've seen within my own diverse family & differences in approach and accountability.
🗣communities are not a monolith❗️
@@domp5053 instead of me breaking down like black, hispanic, asian...I simply stated communities.
@@adriennem1003 ...understandable, EYE was just reinforcing the culture of the narrative that just bc [insert community here] built wealth/striving, doesn't mean other communities have the ability, resources, strength in numbers, organization, mobilization, etc., to generate wealth. Hence, communities are not monolithic...
Black men that won’t marry black Women and work as a family unit is keeping blacks from building wealth. We are building individually. They are building as teams😊
Why is marriage so forced on to men. I’m all about black love but it shouldn’t be forced.
I agree to a certain extent. With over 80% of our families being lead by single women is holding black people back. I dont care what people say without the family unit in tack there will be a greater obstacle financially and that financial part can go on for generations meaning generational debt.
Creating more mouths to feed without brining in the income.
The only debt I see as “good” debt is real estate investment as far as mortgage.
Understanding wants vs needs serves everyone well, a simple concept no one likes
This is true poor people have more children thing rich people.!! I have seen this a lot in the Black community..
Your fake name is not even funny. But yeah lol.
👀
HA! I was with you aside of the Red Lobster biscuits. Great advice otherwise!
Where you getting your data? What's the data on white peoples debt?
He didn't answer this..hummm.
We are not worried about the white ppl debt. He’s teaching us how to build wealth.
@@Waterboy-wh7mb I think you missed the point Are we in more debt than other people boy?
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@Armstrong227
Is my MOTHER black
PSA- Anthony was on the Dave Ramsey's wagon for a good minute, so be cautious whn listening to him.
Just put things into perspective cause his is a little skewed
Oh I know. He is not addressing that opportunity is preventing blacks from generating wealth regardless of race really. Let’s not act like bigotry, prejudice and discrimination are not cousins of racism. Opportunity is where true challenge lies. So we can blame whomever is the cause of it, whether if it’s white, black, blue or brown people. The bare to entry to these professions are ridiculous. It’s not rocket science to know certain groups of people are systematically kept out of certain conversations. All this hustle culture is band-aiding the situation but not solving the root of the issue. I understand the victim mentality because I don’t blame anyone. However, I am aware that even folks earning high wages are looked by nonblack counterparts as if they are unworthy. So two things can be true but racism is holding this country back in general. Period.
🗣EYE'm already knowing❗️
The white population can't be lump into a category called 'the white man'. Just as you generalizing about 'black people' is not helpful.
Haa. Red Lobster 😂. So typical
Its slavery.
What are you saying bro? “We can always blame the white man!” Huey from Boondocks LoL
😅stop stop shop accusing white people!!!!!
What a grifter this guy is.
Anthony, color no longer holds people back. Racism is of the few now. I know many blacks who do far better than the whites. We can no longer blame others in today's society for people who have been long dead. Everyone has a chance at college, or vocational school. I worked my way up from a minimum wage job as a grown up to making the wages I have now. My native cousins would love if I blamed the white man for that when in reality, we get loans, grants and all kinds of stuff HANDED to us because of what happened long ago. What I have found that truly holds us back is the lack of knowledge. Our parents did not educate themselves financially and pass it down to our generations the way the white man did. That's why I watch your channel. You teach folks regardless of skin color that they can do this if they apply the knowledge. For example, you have 2 people starting with the same bottom of the barrel knowledge. You try to show them how to apply this knowledge. One succeeds because he applies the knowledge and the other one doesn't. The one who doesn't succeeds, even though you showed them how still sits over there and says, if it weren't for those white folks I could be somebody, when in fact they should have applied the knowledge and made sure to educate THEIR children of that knowledge and how to apply it. Knowledge and the application of it is the real culprit. Not the color of the skin. This is coming from a native Cherokee. The playing field today is more than level. What isn't is the blame factor. A person who wants to stay a victim so they can blame will always be.
It’s still out there. You see it clearly when your up. So though those folks are high earners and can do more than nonblack counterparts, your still sideyed. The liberals that claim to be cool with you as long as you are not perceived as doing better. My hubby experienced this first hand. Actions moved louder than words.
@@ItsJustSimpleAsThat_Ang I get what you are saying. The only thing I am pointing out is that you can do it. It's not like it use to be when there wasn't resources to deal with those few that are still racists. I just can't lump all people into one category. There are the others that are out there and they are great people that do root for you and want you to succeed. The point was, no matter the skin color we can all do it if we apply ourselves and seek out the information we need to move to the next level. Thank you for your comment.
I agree with your sentiments as well. I am a product of poor environment and had to work my way up. Still working my way up lol. Loans to tote too. Yes we need those resources to get a leg up and is really the only out of the situation. While hubby and I sought college education as a way to elevate we have debt from school in order to achieve the success we have today. So I understand not being victim of your circumstances, it was not always peaches and cream. The real world and corporate American and the neighbors reminded us who we were. So yea I’m free but don’t feel completely free of systemic and societal problems.