How Did 35,000 African Americans Become Millionaires?
Learning my history has inspired me to dream bigger. Success does run in our race as George Frasier puts it. African-Americans like all other cultural groups also have a history of building wealth by uniting and working together, remember Rosewood, Greenwood, and Durham? Individuals also confirm our ability to achieve wealth, Madame C. J Walker, Oprah Winfrey, Robert Johnson, Tiger Woods, Russell Simmons, Michael Jordan, Magic Johnson, and Will Smith are names you know. But what about Don Peebles, Quinton Primo III, Ulysses Bridgeman, Jr, Kenneth Chenault, Stanley O’Neal, Richard Parsons, and Linda Johnson-Rice. Many throughout history have brought wealth to others and did not seek the fame and fortune that went along with it. George Washington Carver and Frederick McKinley Jones are a couple of names that come to mind.
I know that it becomes a limiting and self-fulfilling prophecy of poverty when all one sees around them are failures or those barely surviving. If that’s not the case, we see it in the news and every statistic would lead even the most aspiring young African-American person to think that achieving wealth for them may be a long shot. Yes, it would be easier if there were no financial, cultural, or discriminatory barriers. Yes, it would be easier if there were more willing and accessible role models. Yes, it would be easier if we had access to more capital. Yes it would be easier if we had the encouragement we needed to not give up. And, Yes, it can be disheartening when we realize that 400 billionaires in America have more wealth than the entire 14 million African-American households combined. But, no one ever said that it would be easy, just that it would be worth it. And according to Dennis Kimbro who has studied over a thousand African-American millionaires, none of these obstacles can keep anyone from becoming wealthy if they make the right choices. Click here to review his seven principles.
Warren Buffet advises us to have multiple income streams. Speaking, authorship, and training are my staples. Additionally Talkfusion is allowing me to benefit from a disruptive technology poised to be the next billion dollar brand. Inbox me for more information or to bring me in to speak to your group, train your employees, or to learn more about Talkfusion. If your life would be different if you had been able to be part of the beginning of Google, Facebook, and Microsoft, then email me. I’ll direct you to an on-line presentation that explains it all.
To your wealth