My grandmother who is 93 years old told me with all the broken families in our communities today generational wealth doesn't get passed down to our kids.
Not really you have to go back to reconstruction when laws and rules were written to maintain and keep our communities as they say behind the 8 ball and the ability to attain generational wealth. Yes many have slipped through and created wealth without being a celebrity in entertainment or sports.There is so much more that could have been created and acquired by our communities as in black folk, African American ancestors of the of those enslaved who generated wealth for 400 years to those who owned them and the GDP ( Gross Domestic Product) of this country making it one of the wealthiest
Accidentally sent to soon slavery was the GDP ( Gross Domestic Product) of this country. Between 1861-1864 making America the wealthiest country in the world 🌍🌎 do to slavery that was the GDP. There is so much more that has kept us from the generational wealth we could have acquired by now.😥😔
@@doloresbeauchamp3484 could u elaborate, r u saying that despite enslavement Afrikaan Americans still had chance 2 b successful like creating hair products lines and all
I would like to know what ones definition of generational wealth is. My take is GW is something you pass down that is automatically going to create income to the next generation without any or much effort to maintain. If you pass down a business that has to be maintained by you or real eastate. You will not be able to dictate the drive of your lineage. They might sell it or squander it.
I am looking for the free template for the Will & Trust he always mentions in a lot of his videos. Does anyone no what website I need to go to? Thanks in advance.
If by lump sum, you mean more than $250K, then you don’t want to put the whole thing in one bank since the standard deposit insurance coverage limit for the FDIC IS $250K per depositor, per FDIC insured bank.
@@FreeMan-m4b Once you deposit it into one bank, that bank can do a wire transfer to send some of the money to another bank, or they can write you a cashiers check that would then take to the other bank that you want to deposit it to.
My grandmother who is 93 years old told me with all the broken families in our communities today generational wealth doesn't get passed down to our kids.
She can share her experiences
Not really you have to go back to reconstruction when laws and rules were written to maintain and keep our communities as they say behind the 8 ball and the ability to attain generational wealth. Yes many have slipped through and created wealth without being a celebrity in entertainment or sports.There is so much more that could have been created and acquired by our communities as in black folk, African American ancestors of the of those enslaved who generated wealth for 400 years to those who owned them and the GDP ( Gross Domestic Product) of this country making it one of the wealthiest
Accidentally sent to soon slavery was the GDP ( Gross Domestic Product) of this country. Between 1861-1864 making America the wealthiest country in the world 🌍🌎 do to slavery that was the GDP. There is so much more that has kept us from the generational wealth we could have acquired by now.😥😔
@@doloresbeauchamp3484 could u elaborate, r u saying that despite enslavement Afrikaan Americans still had chance 2 b successful like creating hair products lines and all
Passing down wisdom and knowledge, so your kids can create opportunities for themselves in the long run is the ultimate form of generational wealth. 🔥
New fan of your channel from South Africa. Great work 🙏
YOU EARNED THAT BENTLEY 👑 Good job! Keep going 🔥
He has a successful platform channel that brings value to people's lives 4 the Lord's kingdom
I would like to know what ones definition of generational wealth is. My take is GW is something you pass down that is automatically going to create income to the next generation without any or much effort to maintain. If you pass down a business that has to be maintained by you or real eastate. You will not be able to dictate the drive of your lineage. They might sell it or squander it.
I am looking for the free template for the Will & Trust he always mentions in a lot of his videos. Does anyone no what website I need to go to? Thanks in advance.
I was surprised to find that Warren Buffet owns 3 MLM companies.
Including your home
Just yet
If I got a lump sum of money, what bank 🏦 should I deposit it in ? Or where should I go first?
If by lump sum, you mean more than $250K, then you don’t want to put the whole thing in one bank since the standard deposit insurance coverage limit for the FDIC IS $250K per depositor, per FDIC insured bank.
@@blongshanks77 what if it's more but on one check, what do I do then
@@FreeMan-m4b Once you deposit it into one bank, that bank can do a wire transfer to send some of the money to another bank, or they can write you a cashiers check that would then take to the other bank that you want to deposit it to.
Have identification and permanent residence
John Hope Bryant t “Money and Wealth. thoughts?
Bruh how tf did I just now find this guy