If You’re in The RED, Listen UP!

The red dot represents the bottom 40% of Americans who are struggling to survive. After pondering over a recent article highlighting the glaring statistics of the dismal and widening wealth gap between black and white women aged 39-46 ($5 vs. $42,600), I had to stop and reflect on why this is. Then I realized that women have always been at the bottom of the social economic ladder and people of color trailing them.  The wealth gap is affecting everyone. Look at the red dot on this graphic of Occupy!  Black women and many people of color occupy the RED DOT. That means 40% of Americans are in the same boat!

wealth distribution

The current system is not designed to make the poor rich; it’s designed to make the rich wealthier.  It’s not necessarily because rich people are bad or greedy or that there is a shrinking pie and not enough to go around. One huge reason is because it’s extremely difficult to amass wealth on a small salary in an economy when the dollar is constantly declining in value and the cost of living is soaring!

There is a better way, and no one explains it better than Robert Kiyosaki, author of Rich Dad: Poor Dad on how to get out of the red dot zone and create wealth.

 

Remember, “If you keep doing what you are doing, you’ll keep getting what you are getting!” BUT, if you’re convinced, as I have become that must be a better way, check out ANOTHER WAY! Then send me a message via the contact form if you’re ready to do something about your circumstances!

Thanks, “I’m Barbara Talley, the Poet who speaks and inspires!”

Net Worth of Single Black Women $5 Compared to White Women $42,600!

ImageImagine not being able to take off a sick day, a mental health day to care for loved ones, or even a day to repair a major appliance WITHOUT GOING INTO DEBT! A new study released this week by a leading economic research group highlighted some startling statistics.  Single black women between the ages of 39 and 46 had a median wealth net worth of only $5.00.  Yes you heard me right, only $5.00!! Five dollars, Just enough to buy a $5 footlong. #SMH. At the same time single white women of the same age had a net worth of $42,600 (which is still only 61 percent of their single white male counterparts). 

Poverty at any age is a problem, but imagine being in poverty in the prime of your life.  How does that bode for one’s future?  Put simply, “If people are struggling to survive and have no wealth when they are most vibrant, healthy, and marketable, what’s going to happen to them when they age, have health problems, are laid off, have to take off to care for aging loved ones, or are discriminated against in the marketplace because of age? Consider that the average nursing home stay is over $83,000!  What can you do?

Wealth, or net worth, measures the total of one’s assets — cash in the bank, stocks, bonds and real estate; minus debts — home mortgages, auto loans, credit cards and student loans. The most recent financial data was collected before the economic downturn, so the current numbers likely are worse now than at the time of the study. Source Financial Juneteeth

Did you read that carefully, “The current numbers are likely to be worse now than at the time of the study!”  Worse than having a net worth of five dollars? The article challenges the myth that black women just spend more, explaining that the rising cost of living, lower wages, and being victims of subprime mortgages (paying up to 5x more) are major contributors.  Add to high credit card debt which stems from using borrowed credit for present day survival and emergencies and you’ve got the crisis you see unfolding.

This was even shocking to Meizhu Lui, director of the Closing the Gap Initiative based in Oakland, Calif., who contributed to the report “Lifting as We Climb: Women of Color, Wealth and America’s Future, “Even for those of us who have been looking at the wealth gap for a while, we were shocked and amazed at how little women of color have.”  Researchers at the Insight Center for Community Economic Development, based in Oakland, Calif., analyzed data from the 2007 Survey of Consumer Finances, and reported in Financial Juneteeth.  Consider these sobering remarks of Democratic Whip, Steny Hoya, addressing the ‘2014 Color of Wealth Summit’ hosted by the Center for Global Policy Solutions and the Insight Center for Community Economic Development

“According to a study last February by the Institute on Assets and Social Policy, which tracked the same set of families over a twenty-five year period, the wealth gap between white and African-American households nearly tripled.”While the median wealth of white families nationally was $113,149 that year, it was only $5,677 for African-American families and $6,325 for Latino families.”White Americans own homes at a rate 28.4% higher than African-Americans. While white households lost 12% of their wealth during the recession, Latino households lost a staggering 67%.

 

More Resources: Women of Color Wealth Future — Hoyer Remarks at 2014 Color of Wealth Summit

 

I’m Barbara Talley, The Poet who speaks and inspires.   240-813-0522

Are We There Yet?

Don't Be Silent in the Face of InjusticeIn these remaining few more days of Black History Month and beyond, let us not forget the message of unity, love, and justice of Dr. Rev. Martin Luther King. Dr. King was a servant leader, fully aware of the injustices, and yet was able to work towards justice in a spirit of love. He was truly a voice of conscience that rings beyond the grave. By his example I learned that while I must be aware of the goings on in the world, at the same time not let it steal the joy in the moment. Ignorance is not bliss and neither is anger or hate. We must be aware; be sensitive; speak out against injustice; be loving even to our enemies, be encouraging to those who are grieving or being persecuted, and most importantly, we must DO what WE can to change the world.

This week a Facebook post really got to me.  It was of a young African-American being harassed, beaten, restrained, and kicked.  He kept screaming, “Why are yall doing this to me?” He was being treated like an animal. Evidently he’d stepped off a bus and was immediately accosted by two police.  I was so visibly moved that I wrote the following FB post.

This made me cry for two reasons!!!! 1) Because this is still happening. 2) Because it’s a reminder of when one on my son’s on his Spring break from college had something similarly humiliating done to him! Handcuffed, made to get on the ground, cops being verbally abusive, and yes he was scared to death. Yes! And he was innocent, and NO he didn’t have his pants hanging, and NO he didn’t have on a hoodie, and NO, he doesn’t drink or smoke AND IT DIDNT MATTER! It’s hard for wounds to heal when the scab keeps getting ripped off! The only difference is he kept quiet. BUT, some caged birds have to scream though!!! If you scream though, it makes things worse, as you see in the video links below.

Why was this man being harassed for just stepping off of  a bus? Thankfully someone recorded it. Two other police come to the scene and one ends up putting his foot on the guys face while he’s on the ground and is kicking him in the face. And it appears like one is almost sitting on the guy’s head. The poor young man is screaming, “Why are you doing this to me?,” but to no avail. Bystanders are watching and walking by, but feel helpless to help.  This is the police; what can they do? Are we there yet? Watch the Video and You decide!!!!!! The language is foul, but so is the indignity put upon this young man.  Then I learn that this is routine for NYC if you are Black or Latino. They missed one young man who videoed it, but not this one, eight cops just arrest him for videoing the atrocityy.  Are we in a police state? Where are our freedoms?  What about due process, human rights, and human respect?

An analysis by the NYCLU revealed that innocent New Yorkers have been subjected to police stops and street interrogations more than 4 million times since 2002, and that black and Latino communities continue to be the overwhelming target of these tactics. Nearly nine out of 10 stopped-and-frisked New Yorkers have been completely innocent, according to the NYPD’s own reports.”

“We will have to repent in this generation, not merely for the vitriolic words and actions of the bad people, but for the appalling silence of the good people.”

It looked like something out of Dr. King’s era. I can only wonder if we are breeding an endless cycle of hatred. What came first the chicken or egg? I’m thinking about those kids being harassed day after day and wondering if they are going to grow up loving or hating whites. In some places those chickens will one day come home to roost if they ever get in a position to return the hate that has built up in them from so many years of being powerless. In other cases led by the example of numerous people of every color disgusted by the old guard and preaching and demonstrating love and peace, (like many Bahai’s and others I know), the system will slowly but surely be changed for the better. We are one human race and there is just one planet and one people. I have to keep in mind always that while there are many horrific examples of humans at their worst, but I’m happy to say, I do see so many examples of humans at their best too!  Thank you Dr. King for showing us how to love our enemies, to stand up for justice, and to not remain silent, yet we be guilty too.

Another message that matters from Barbara Talley

Why African Americans Need to Learn Strategies for Building Wealth?

This is Black History Month, so I’m focusing this article on African Americans but the knowledge contained herein can benefit anyone.  The wealth gap is widening and African Americans need to learn new strategies for building wealth. “Median black household income was 59% of median white household income in 2011, up modestly from 55% in 1967; as recently as 2007, black income was 63% of white income.” [Source: PEW] It is often said that African Americans are a nation of consumers instead of creators. However, our survival depends on us changing from primarily being consumers to being the suppliers and creators of the products and services we consume.

money

African Americans have a projected buying power of $1.1 trillion by 2015. That’s a lot of dough to be distributed. Wealth is not a dirty or evil word reserved for those who are lucky, greedy, or lazy and seeking to take advantage of others!  Wealth is a vital birthright that offers the freedom to make choices that allow us to live joyful and fulfilling lives. Everyone has the right to life in dignity and to pursue their dreams.  

Watching my stepmother get denied medical services at age 85, and watching her toes blacken and almost rot off as she screamed in pain, taught me a very valuable lesson. Poverty is not pretty, spiritual, or dignified. She could not afford the care she desperately needed to live in dignity and I was powerless to help her. It takes money to help those you love, to choose the medical care of your choice, to buy the materials, training, and resources we need to excel in our crafts, to invest in our businesses, to give to charity, to tithe generously, to eat healthily, to travel, to vacation, to be there mentally for our families, or to live in safe and beautiful neighborhoods.

Growing up, I had only been trained how to trade time for dollars, which rarely if ever, builds wealth. At times my father was an entrepreneur, and during those times we worked even harder. I realized that if I kept following that old paradigm I would be destined to end up like those written about in a recent Forbes article, The Greatest Retirement Crisis in American History, which dismally projects that 75%  of those now approaching retirement have less than $30,000 in savings. And, that paltry amount won’t last that long, with the average nursing home stay (God forbid) being around $248.00 a day or $90,000 a year. So for that reason,  as well as, the dollar declining since 1972, and the cost of living projected to double over the next decade, the vast majority of people today are forced to delay their retirement. I did not grow up around wealth nor did my parents talk about wealth or teach me about it. They taught me to work hard, so I know how to do that. They worked hard their entire lives and still only barely eked out a living and died practically penniless.  They could not teach me what they did not know.  They did not know that the only way to build wealth was to have money work for you or people work for you.  That explains why the majority of small black entrepreneurs fail to build wealth either. They are primarily sole proprietors and thus still trading time for money.  To continue to part two, click here.

Warren Buffet advises aspiring wealth builders to have multiple streams of income.  Speaking, authorship, and training is my passion work.  I love doing it! But, I’ve learned that if I stop speaking or training, the income also stops.  I too want the freedom that comes with wealth, to be able to work with populations who can’t afford me, to be able to help my children and grandchildren, and to not have to worry about retirement after raising six children and working over 50 years already. 

Email me for more information about how to bring me in to speak to your group, OR train your employees. Luck has very little to do with wealth, but timing has everything to do with it. What if you had been able to be part of the beginning of Google, Facebook, and Microsoft?  How would your life be different now? You missed them but you haven’t missed them all. Email me to learn more about Talkfusion, a disruptive technology poised to be the next billion dollar brandI’ll direct you to an on-line presentation that explains it all.

Barbara Talley
To your wealth
barbara.talley@gmail.com

Uncivil Rights to Write: Backlash on Courtni the Poet

The  headline read, ‘Courtni Webb, San Francisco High School Senior, Suspended For Writing Poem About Sandy Hook Shooting.’  I don’t know if I picked up on the headline because I’m a mother, a poet, or just a human being trying to understand those senseless shootings of those babies in Connecticut like everyone else. At first, only a few lines of her poem were being broadcasted around the country and judged. Some thought that while she had the right, her timing and words were insensitive and that her words were ‘dark’.

If I can’t be loved, no one can
If I can’t be happy, no one will
I understand the killings in conneticut

The reviews were mixed, some wanting zero tolerance in schools said that she should be suspended so that more tragedies like the one in Sandy Hook wouldn’t be repeated.  Some focused on her spelling and the fact that a high school senior couldn’t spell. Others thought the school had violated her rights since the poem was in her personal notebook and that the teacher had violated her rights when she went through Courtni’s personal notebook without her permission. Admittedly, the whole country is  still shocked about the shootings and so it seems so was a 17-year old girl, who wrote a poem about it and was suspended from school. So many people had asked about the poem that her mother posted the poem on Huff Post (San Francisco).   Her mother wrote: “My daughters poem…you all wanted to read…

They want to hold me back

I run but they attack
My innocence I want back
I use to smile
They took my kindness for weakness
The silence the world will never get
I understand the killings in conneticut
I know why he pulled the trigger
The government is a shame
Society never wants too take the blame
Society puts these thoughts in our head
Misery loves company
If I can’t be loved, no one can
If I can’t be happy, no one will
I understand the killings in conneticut
If every starts out the same, why don’t we have the same opportunities
Why are we oppressed by a community of haters and blamers
When you don’t feel loved you hate the world
When you hate the there’s no exceptions
Why should they have innocence, when ours is gone…

I want to thank her mother for posting the whole poem because it helps to put her daughter’s poem in perspective. While people are trying to understand the killer in the Sandy Hook slayings, why not someone affected by the killings, who didn’t do anything?  Courtni’s poem indicated that she wanted her innocence back.  Her poem spoke of being ‘attacked‘ as she was trying to run away.  Was she being attacked?  She spoke of how she ‘used to smile‘ and how her ‘kindness was taken for weakness.’ Courtni said she could understand, NOT that she wanted to do the same. I would suspect that the question, “What would make a person do something so heinous, had to go through many people’s minds.” Newcasters were asking the same questions!  Everyone was trying to understand!  How many would be fired or expelled by the same standards that were used against this girl (for trying to understand?) What if someone wrote a song, or play, or book (as they tend to do) about this tragedy? They would become rich, so what’s so different about what this young girl did?

This young poet answered the question of “Why or How could someone..?” through her poetry. Perhaps she was responding to,”Before you judge a man, walk a mile in his moccasins.” Courtni spoke of injustice, “If every[one] starts out the same, why don’t we have the same opportunities?” She spoke of  not being loved as a possible reason why the killer could have done what he did.  And she challenges society to take some of the blame, “Society never wants too take the blame- Society puts these thoughts in our head.”  She felt that he was disconnected, unloved and unhappy AND perhaps that’s why he did it.  Perhaps it was a cry for help. Perhaps it was just her mind trying to make sense of such a senseless act. Perhaps it was a wake up call for society to understand that a violent warring society produces more of the same and it affects us here and not just our troops in war torn countries.

How much violence is there in some communities, on television, in games, in sports, in our children’s textbooks at school, and in America’s sordid history? Have you looked at the violence and bullying stats lately? According to National School Safety Center and reported on MBNBD, “90% of 4th through 8th graders report being victims of bullying!” First we create an environment of violence, then we as a society turn a blind eye to our children’s pain, THEN WE CENSOR them from communicating what they are thinking and feeling, and FINALLY when they EXPLODE we ask,”What’s wrong?” So, who’s to blame? Consider these facts from the Neilsen Ratings,

Number of murders seen on TV by the time an average child finishes elementary school: 8,000—

Number of violent acts seen on TV by age 18: 200,000-

Percentage of Americans who believe TV violence helps precipitate real life mayhem: 79%.

And remember the young man who murdered the children in Connecticut had a mother who had weapons in the home which he had easy access to.  I’m not condoning what he did, I’m just saying society facilitates this disconnection in people.

As a poet and a mother of a daughter who is a poet. I am greatly disturbed by this young lady being suspended. When I was a child  a half century ago, I wrote about oppression and my daughter does the same today. Writing was my therapy and does the same for my daughter. I’ve never hurt anyone and neither has she. Some things we write we share and some don’t. We write what we feel in our own personal journals. Setting a precedence like this (of closing the one outlet a person has to reflect and communicate safely) is dangerous because it could potentially scare kids who might find healing in writing out their thoughts.  Courtni was just trying to understand our crazy, mixed up, and violent world. Perhaps we should spend a little more time trying to make sense of this world too! Too many adults have just stopped trying to understand.  Women are abused every few seconds. Human trafficking has become a 32 billion dollar annual industry. Over a million children are dropping out of school every year.

When people (young or old)  become insensitive and stop caring or trying to understand others, we call them cold, inhuman, and dysfunctional. I feel that Courtni was just trying to understand. If she were a musician, perhaps she would have written a song.  If she were an author, she’d have written a book.  But she was a poet, so she wrote a poem. While most thought, “Too bad, so sad,” and went back to their ‘regularly scheduled programs’, Courtni was still haunted by the killings.  Poets and sensitive people somehow need to try to make sense out of the senseless actions going on in our worlds. Poetry is an outlet and humanity’s conscience. How are her words any different than the music lyrics in some songs, or the ranting threats of some of our radio personalities? Some get paid; some get suspended. Poets have been gifted and tasked to capture humanity’s story and that was what she was trying to do.

I’m Barbara Talley, the poet who speaks and inspires.  To find out more about me check out my promo sheet or visit  my website.