Three stats that explain the racial wealth gap
Employment, home ownership, income, education – in nearly every facet of life the racial wealth gap is present and persistent in America.
ACLU
28 Unwritten Rules Of Being Poor, Plus 10 together, that explain the racial wealth gap........
1 Spend before saving.
2 Never invest in self-education.
3 Avoid financial literacy at all costs.
4 Credit cards are free money.
5 Buying items on sale is saving money, regardless of need.
6 Ignore your debts, and they will disappear.
7 Never plan or budget for your spending.
8 Only the wealthy can invest.
9 Big houses and flashy cars are a sign of success.
10 Don’t have an emergency fund.
11 Stick to low-paying jobs and avoid career progression.
12 Avoid discussions about money.
13 A rise in income should immediately increase lifestyle expenses.
14 Financial success is due to luck.
15 Keep all your money in a checking account.
16 Never negotiate salary or prices.
17 The stock market is akin to gambling.
18 All debt is bad debt.
19 Avoid new income streams (side gigs, passive income).
20 Rich people are evil or greedy. (white people)
21 It’s impossible to become wealthy from a regular job.
22 Financial problems are solved by winning the lottery.
23 Always buy new instead of used.
24 Living paycheck to paycheck is normal.
25 Education and degrees are not worth the investment.
26 Saving for retirement isn’t a priority.
27 Insurance is a waste of money.
28 Risk is always bad. Avoid all risks.
29 Never be like Whitie.
30 Always avoid using proper English.
31 Always demand segregated spaces from white students associating only with other Black students.*
32 Always resist authority
everything from the school bus driver to the traffic cop.
33. Never forget you are a victim.
34 Always remember the American flag is "a symbol of hatred.”*
35 Dress code policies inherently discriminate against black folks.
36 Systemic Racism is the reason why Black peoples are in jail.*
37 “White people aren’t inherently racist but America is.”*
38 always teach your kids
that ‘snitches get stitches.’
39 Have multiple kids with different women.. that’s what
real men do.
Never forger only White people can be racist or commit Hate Crimes. Senseless violence by young black men and women is how to show how you have been disrespected. Be proud of who you are and keep voting for The Democrat Party; the party of succession. the party of slavery, the party of the KKK, the party of Jim Crow past and present.
Lightfoot Letters
Sent from my iPhone some
place in space and time where,
“There is another class of coloured people who make a business of keeping the troubles, the wrongs, and the hardships of the Negro race before the public. Having learned that they are able to make a living out of their troubles, they have grown into ithe settled habit of advertising their wrongs — partly because they want sympathy and partly because it pays. Some of these people do not want the Negro to lose his grievances, because they do not want to lose their jobs.”
Booker T Washington
1856 - 1915
Rule 1-28 by New Trader U
Empowering Your Financial Journey
Rule 29-39 by Lightfoot Letters
*the college fix
*black lives matter
*the root newsletter
*the root newsletter
cc: NPR
cc: ACLU
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