White Wealth vs. Black Wealth: Why the HUGE Gap?
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- Опубликовано: 2 фев 2021
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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 RUclips 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.
Blue suit....speaking straight facts 💯
Love his views on this!
Preach!
Yessssss 👍🏼
Sorry to tell you but he’s not sister.
I love blue suit man. Wow.
"Black matters to whom?" I really like what pastor Weston said about taking care of our own responsibility, homes, and community first.
True but ita half n half blacks n whites work against blacks
Black live matter is not own by black ppl. There 3 black women who's really pushing LGBTQ of black ppl. This an organization who is ran by a white man that helps the black LGBTQ community. It for them and them only, so you can miss me with the black live matter movement and yeah I'm black
@@christophertutson4788 it's an organization rooted in Marxism.
One of the biggest problems with us is we tend judge organizations, movements, policies etc etc by its claimed INTENTIONS rather than by the RESULTS of those stated intentions.
I'm loving that man in the blue!! His mindset is wonderful.
Totally agree. His mindset is the REAL answer to nearly all the issues that have plagued our community for decades.
I could tell just from the intro I would like him
Right he is on point.
Yes!!! Love him!! Speak brother!!
Weston hit the nail on the head with the BLM discussion.
Not at all.
It’s a mix of history, circumstances, generational wealth, choices, and culture.
And racism.
@@HatstandEvents until you've been in a black person's shoes in America, you can't really judge.
Well said sir 👏👍
@@clarice4426 not necessarily true. I think Helena is basically saying that there are so many opportunities available to people in America, but it's not leveraged within the black community. Have you asked yourself, why that is so?
@@tracknation7285 of course, because the US has been a very racist county from the beginning. There are many factors going on. Dave Ramsey is very smart when it comes to money but he tends to over simplify serious socioeconomic issues.
Largest consumer, smallest producer.
Let's wake up!!
Facts
That is deep!
Sounds good, but not based in any verifiable data.
@@wiljonson2744 although I wrote the comment, I also liked your comment just now because it's true, we should always fact check. I'd encourage everyone to check if it's true.
There is some sad empirical data to back it up that is a little difficult to articulate properly via the comments.
This WILL change.
The brotha in the blue, I totally agree with. Black life has to matters to us more than it matters to anyone else.
Exactly 💯 absolutely 💯
I can't speak for everyone but as a black man I had to shift my mindset and start buying assets and not buying liabilities. When the pandemic started I decided to buy my first home/rental rental property in Brooklyn NY because I saw an opportunity! I even created my RUclips channel to document the steps I took.
This is the comment I was looking for. Good luck to you bro. Hopefully doing the same soon myself.
@@jnasty00 thanks bro! Good luck on your journey!
How i feel
Kudus to you!!!
Congrats!!
I clicked on this and liked it so fast. These conversations are SO necessary. Anthony please do not stop this dialogue and platform. We need more of these
So SO important!!
Weston was throwing open the curtain and coming hard with facts. I love this panel.It's so refreshing to hear positive conversations like these. Thank you anthony!
Yes, I have shared this with alot of people!
Everytime he speaks I'm like finally..... some need to give dem truth!!!! People like to dance around the issues but he just hits the nail on the head.
I’m Asian and a lot of times Asians also say “this is why I never shop at Asian places.” In a sense Asian stores are seen as cheap and if they do provide the top quality products and have a high price, it’s seen as too much because other Asian stores have it at a low price.
Yeah people tend to talk about topics like that as if they know they whole dynamic. My 1st question when she said "Asians don't say..." with so much confidence was how do you know?
Thanks for sharing that info... we often assume issues are only within our community.
Thank you for sharing. When they brought up that topic I was thinking maybe other ppl from other cultures do say things like that but, like black ppl, they typically discuss it among themselves - they don't say it to ppl outside their group - so we dont hear about it.
@@davidgogginsburner3369 true. I wish they had focused their own experiences
The same thing happens in the Spanish speaking Latino communities all the time. This isn't something unique to AA.
Anthony is quickly becoming my favorite Ramsey personality.
We chase status symbols way harder than we chase actual financial freedom and prosperity. We don't have to, but we want to be cool so bad that we will chop off our own foot for it. One of the best arguments i ever heard on this was "everyone wants to be Fresh Prince, but no one wants to be Carlton. but Carlton was wealthy, smart, had a good family, grew up and i good neighborhood..."
We focus so much on getting money, getting "the bag"...but have never been properly trained on what to do when we get money: how to budget, how to save, and how to invest. That's a real issue in our community. This is something that needs to be taught in junior high school I think. High school is too late...because then that's when some kids start working. They need to have that information before they get their first job. They need to start on the right foot.
I hope they are listening to Anthony. Quit buying stuff you don’t need and invest.
That's what parents are for. I taught my children about savings bonds, checking, savings accounts, and CDs.
Same here, my mother was a bank teller. @@naginaosborne5113
You don't have to be formally taught those things. I was poor and not black. It was just obvious not to spend more each month than I had.
What your community needs is parenting.
And to stop whining because they are richer in your community than the poor in many parts of the world.
I used to watch the grapevine Tv. It's a terrific show. But Too much arguing and disrespect. This is much more insightful and edifying. It's refreshing to see black people have real conversations, not for the sake of entertainment where younger and older folks are respected.
YES. I really appreciated how both the younger and older panel members respected the other person's ideas and perspective. Everyone gave each other the floor when they wanted to share, didn't cut each other off, and you could tell they were actually listening and considering what they were saying.
@@mark.daniel No doubt man. There's so much power in that. Some potent words were said when people could speak and listen. 👏🏿🇱🇷🇸🇱🇬🇳
Anthony is always a class act so I expect excellence when I see his videos.
Omg, please don't tear down one black panel to bring another up. I love Grapevine. And face it, many of us are passionate people. I also love how they make sure to have Caribbean, African and American blacks because oftentimes people lump us all together and we may look similar, but are cultures are different, our priorities are different. Both panels are needed and great.
@@shelleygreyrealtor The grapevine is a terrific show. It's not above critique. Some issues: The host/ moderator’s partiality in several episodes. Not engaging factual info/thorough research is misleading its audience.
The production team have said in past interview they're glad the show is proving educational for their viewers. Opinions aren't cheap alternative for facts. The Grapevine is a media outlet with the same obligation to remain factual at all times.
As a 55 year old white male. These videos have been very informative.
I also listen to you on the Dave Ramsey show and have our bought your book - “Debt-free degree” for my son.
AO- thank you for this panel and your honest discussion! May God continue to bless you, your ministry and all of the members of this panel.
Informative ? I hope youre not taking all of your ques from the dude in the blue suit. He's a bit off base with his rhetoric.
@RJeter your right black people shouldn't take any responsibility for changing things.
The problem with debates/panels in general is they reward the best debater/most articulate etc. Not the strength of the point itself
Exactly.
Black Americans own less assets today than we did in the 60s . We are poorer today in a world full of information. We are also known as super consumers
So idk why that one lady said wealth transference cause it has not been happening
“America is not what we see on TV, that’s a narrative.” I’ll listen to Weston all day long. Does he have a podcast?
Just found him on RUclips and subscribed
@@darthveda8191 what's his channel called
@@darthveda8191 pls what is the name of his podcast
Drop that link I’ve asked this same question on part 1 and 2 trying to find him
@@officiallydreama4412 honestly I just RUclipsd the name EC Weston and he came up
I think our relationship with money is a large part of the problem. We are either anxious or impulsive with money. Maladaptive messaging is a major problem. We can't see the bigger picture, sometimes we have to sacrifice so we can plan for the long term. Meaning get out of debt, learn to budget, and create wealth.
👏👏
delayed gratification
I’m smart with money that’s how I got my wealth
@@Tyriq_23 I am a black 18 year old me too at a early age
I couldn’t agree more with Weston in the BLM movement. We can’t expect other ethnicities to respect our lives until we do better in our individual lives and our own communities.
Talk to em
💯💯💯💯
Exactly!!!
Don’t say that then you gotta hold us accountable.
If you feel strongly, here is a test. What percentage of YOUR wealth is spent on making a difference in the community? Dr. Westin thinks heartedly that if we as a culture are more successful, then we can fight the system BUT, if the systrm is set up to beat you regardless, then we don't grow. Look at Skip Gates and thr Harvard cop.
Here’s to breaking the cycle of passing down generational poverty to passing down generational wealth 🙌🏾
black wealth ends up white....because of interracial marriages....lol
Man in blue suit speaking FACTS about the BLM subject!! Hitting straight facts! When are we going to take care of our own community?! Too many fatherless homes.
Fatherless homes and killing each other without getting law enforcement involved. Instead we let retaliation happen causing more murders because we're scared of our own lives in our own communities.
@@TL49ERMAGIC23 sad part you and I ain’t from the same city but it’s the same stuff
Too many motherless homes mothers there but they not there
BLM was a scam from the jump led by 3 non dating black women
Need to do a 1 on 1 with the guy in the Navy suit. He speaking the real stuff that people need to hear
Wow , can this preacher run for president, he says it how it is , he truly understands the real problems
FACTS!!! "That's why I dnt shop black business" we habitually tear each other down.
I've gotten this said to me at my own business, "that's why I don't shop at black-owned businesses" because I didn't give them what they wanted and they did not like my return or exchange policy. They are speaking the truth.
As a hispanic my experienced in the arts business is that 95% of my clientele are rich affluent mexicans most are from mexico (i live in USA). In my construction business 90 % of our business is with white (blonde blue eyes)people. For some weird reason white americans tend to be very generous with us in the construction business in my experience they have given to us more money because according to them we under charge.
Just recommend you do the best to have everything in your shop so you wont hear that comment just be the best out there and smile and treat em with loving kindness.
E-C Weston....YESSSSSS!!!!!!! 💯🙌🏼💯🙌🏼💯
Ikr music to my ears🔥🔥🔥🔥🔥
When it comes to finances everyone loves to skip over the historical aspect of to why we have poverty, and instantly blame.
Hummmm very insightful tought
Exactly black people sometimes don’t give other black people grace
Nobody skips over it. We just tired of talking about the past. What’s the future
@@freeindeed8416 forreal
@@freeindeed8416 The future is going to be exactly the same if the ills of that past are not addressed and corrected. You can not just skee-daddle past 500+ years of systemic economic oppression as if it doesn't matter. I'm sorry but a 10 to 1 wealth gap is not the results of blacks "mis-spending" money that they largely don't have. That is an utter failure of government to close the wealth chasm that they caused.
At 5:45 mark; those European designers and manufacturers do not market to black people! Black people for some strange reason are obsessed with those European Designers and Manufacturers! Those European designers have even censored some hip hop artist from wearing their products in videos and songs because they did not want them to wear it or mention it! Hip Hop “Buys” and “Advertises” those products for “Free” without being asked.
We market their brand to each other.
This is wonderful! I love seeing these 7 amazing people with different ideas and so much wisdom sharing ideas and respecting each other's opinions. We need more of this everywhere.
We are not wrestling flesh and blood.
The brother in the blue suite i salute you sir
Listened to podcast already and thank you young lady for your perspective and showing there are black people supporting other black people. I agree. I see it too. I hate when we generalize black people. There ARE so many different types of black people.
So many different types indeed!!
This was necessary and GOOD 👏🏼 Mr. Weston was on point!!!
Keep these conversations going please more often Anthony thank you!
So many gems on that panel. I didn't know who you all were before, but Lord knows I won't forget you all. This is such a beautiful discussion.
Anthony thanks for assembling such remarkable people.
I could not have agreed more with Wetson....No one's going to care about my life, until I do.
I still disagree that these luxury brands market to us. Remember when Tommy Hilfiger, Christal, Gucci explicitly asked for us to disassociate ourselves w/ their products. The trauma surrounding house vs field folk dynamics still exists and is played out in hip-hop culture, where we constantly try and prove our success in comparison to each other. This is leading to our over consumption. Keeping up w/ the Jones' to FEEL adequate/successful. Surrounding ourselves w/ the symbols of freedom..but not actually being mentally free.
Just hiring a "certain black person" will instantly get black people to buy something. Why do you think companies always partner or hire rappers and the top notch black actors to promote certain things?
It's the rappers and entertainers fault for agreeing like isk why people loole up to them folks they brain dead and don't care
Ms. Francois speaks the truth that black people say this is why I don’t shop at black businesses. People come at you quick when they have an issue. I will tell you that as a Puerto Rican woman in Chicago it is incredibly hard to frequent a Puerto Rican business because although the merchandise (be that services, items, food etc) is on point the service usually sucks. Just keeping it 💯
Boyyyyy yall not ready for that blue jacket brother. Too real.
The bottom line is where is the money going? Items we want now or investments for delayed gratification for the future. Generational wealth comes from delayed gratification from each generation. I'm thankful to my family who sacrificed for my generation. They were dirt poor. Now it's my turn to educate my children to learn about how to look at their hard earned money and prioritize how they use it, while also passing down what I was blessed with.
Another thing sorry if I step on toes but white people actually have babies wheres, for instance me as a hispanic I see that once hispanics start to prosper they stop having babies so the hispanic affluent class keeps on shrinking.
Mr. Weston is a well of wisdom. This series has been phenomenal!!!❤️❤️❤️
Amen!!!
This is so true we have to wake up.... and make more 💰...
Another thing we always do is criticize each other on public platforms.
Can't wait to hear this conversation. While I agree with the young lady from part 2 that we can't always just go around asking ourselves "what are white people doing", I think it's important to recognize that there is a substantial racial wealth gap that's been haunting our community for YEARS. The federal reserve did a study that found that the average net worth of Black families is just 15% of the net worth of white households. We need to start putting more focus on the steps we need to take as a community in order to start closing that gap.
Cater to white people. 🤷🏾♂️ rappers literally get majority of their money from white people.
@@Llama_vet maybe its time for a wealth transfer from rappers and celebrities to " regular" creative productive people.
@@andreapitre8864 preach!
@@andreapitre8864 rappers and celebs?
I love what Anthony is bringing to the table. Having various people on and expressing their perspectives is awesome
Pastor made me have to stand up @ 4am and hop around my living room! Straight bars 😤
It all falls down to the psychology of the consumer.
Yes, many-many other cultures bling too. Yes, other cultures critique each other, but continue to support each other, there's a difference. There's a huge generation gap here. Love this!!
Weston is truly enlightened. He hit on the most relevant issues regarding not just BLM but on a broader scale, the black community. I applaud him for not taking the popular position and standing on truth. I had the exact same experience where a white man supported and backed me in numerous projects. Even going to the point of threatening to pull out if they didn’t work with me. Conversely, I had a black executive stab me in the back because of rumors, when all he had to do was come and talk to me directly to get the truth. We gotta do better and we can but we have to turn a critical and truthful eye on ourselves. We’re doomed to continue hurting each other until we do that.
On another note: does weston he have a podcast? If not, he needs to get one. We need his voice and others like his if we are to recall our people back to who we truly are, a people with infinite, untapped potential that we can use to not only transform our communities but the world.
💯
Agree 100% with urban guru and learned so much from him. He makes so sense on every question. So glad to have him on these session, but I respect everyone's opinion.
This is such a needed conversation, loved the way you put it together!
Great conversation and insights! The disrespect of black businesses by black people and also the disrespect of black businesses towards black patrons seems to be universal across the world. The more we address these issues being discussed the better off black people the world over will be as we all tap into our potential - immense creativity, resourcefulness, style, work ethic and a consumer and production base across the world.
Another one! AO! DJ Khaled Called, he said, “Another one!”
This series is Gold AO! It keeps building! So excited for the next episode!!!
WESTON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Drop the mic!
This is one of the realest conversations ever. We need to always talk about that
So powerful and loving this...thank you.
Ooh the panel this year is fire just like last year🔥🔥🔥🔥🔥
You are an amazing human Anthony ❤
He is very intelligent and creator
So the black people are good people not like a lot of people want defining us
@@toussaintelize1573 He is better than all the garbage I see on CNN and TV, period. I would want him on TV, but then again, these fake black leaders that you always see on tv will not allow him to speak these truths or ask the right and necessary questions. There is a reason why most black people don't know who Thomas Sowell or Walter William are. Those honest intellectuals see things differently than people like Al Sharpton and Jesse Jackson.
This woman is a 5th generation business owner..... Wealth right there
Oh my, I love this conversation. We need to take care of our communities. This is an awesome video. Love you all.
“If we was taught to be creators instead of being consumers there would be a lot of self made black millionaire in the world.”
Cuzzo dropping gems
You got to have money a lot of yt people have family support as well even look at the income gap between black and white college graduates
Weston is on fire! Straight up spewing insight and wisdom.
Absolute🔥🔥🔥
Not familiar with anyone on the panel, but slim dude in the middle front is extremely smart and I could listen to him speak for hours. Love all on the panel-thank you Anthony Neal for doing this!
We as people advertise these designer brands just by wearing them and talking about them in the music. Flexxing on one another basically.
I love these conversations. I love the fact that you have a diverse age and status on your panel. Love your facial and body language Anthony.
If blacks would just stop buying Mercedes, Gucci, Jewelry, and flashy luxury items we could close that chasm of a wealth gap. You all can't be serious.
I hope that was being sarcastic.
Agreed. It starts early. I teach second grade. You would be amazed at how many kids are already obsessed. You should have seen the shock on their faces when I said that Michael Jordan was a successful businessman.
Wht blk people are buying these things, if we are the poorest. I have never trusted this statistic. Second, most white people have nice cars, homes the latest clothing fashions, 2 or three dogs ect... whites make silly videos like wasting money buying 10,000 jelly beans and swimming in them and buying the latest I phones and dropping them in the ocean and seeing which one survive lol.There are thousands of things they consume. We may have more style and swag, but they definitely seem to consume more.
I’m wealthy it took me 40 years to get where I’m at today I still buy flashy things
It’s conversations like these that need to happen.
This conversation is sooo real! Yes our people have really been going through it, but black men need to start loving each other and cherish each other!! The training has to start at home and the bible needs to be taught. I pray racism does end one day because God will not continue to allow it.
What does any of that have to do with building wealth?
It's an old story and it applies to everyone. Exercise personal responsibility. Life gets better.
Once again, Mr. E-C Weston is on point! Just wow!
I love it! The owner of The Cupcake Collection provided great wisdom.
Yes and I went online and ordered her cupcakes!
@@jeremyrussell4177 what is the website if you don’t mind sharing?
Weston I commend you my brother for keeping it all the real, because a lot of us in our communities are in denial.
Weston dropped the 🎤 with his BLM comments
Very good talk!!! So many valid and valuable points of view.
Excellent discussion... real, candid, thoughtful, instructional. Thank you.
This series right here is goated.
Weston missed the mark, when it comes to the marketing aspect. The origin of black people's lust for "luxury" items started internally, with us equating success to these items. OUR community continues that trend.
This is the most impactful message I have heard in a long time
So true me as a black man I'm focusing on building my wealth, like the saying goes I'd rather be rich than look rich.
Everything the man in the first row said, I agree with completely. We have to start by taking care of our community first. I can hear him speak all day.
That last part! 👏🏽 thank you for the wisdom good sir. I love the way God has blessed him.
boy that conversation at the end went crazy! Wow.. Great Convo!
I’m a bit lost with the Urban Guru’s comment about how the designer brand are marketed to our community. I believe WE picked it up looking at what large amounts of money could buy, and that started the ridiculous chain the host made reference to while mentioning Gucci Mane and Jeezy. My mind went to how it came out I think in the 90’s/early 00’s that Timberland and Tommy Hilfiger admitted to not making their products for us. The. How we started seeing the complete disrespect to our ppl in the adds used for some designer labels in the 2000’s.
In my opinion, loss of self and not understanding that each of us have a distinct purpose is the main "why" to these questions. I believe we have such a slavery mindset within our people that was intentionally embedded to control. I strongly believe in once you know better you do better, but some ppl don't even know their undeniable and irreplaceable purpose God has placed in us because they haven't been taught to think that way. We have to teach our babies and communities to think differently and then change will definitely come.
What if as a community we stop comparing ourselves with other communities, stop focusing on who have had a head start or privilege over us and start making the right decisions to build OUR own community up... There are a lot of things we can control to make ourselves better, however we tend to focus on things we cannot control which is consequently leaving us in last place. Food for thought.
Wow this is awesome!!! Thank you 💖
Excellent content AO!!! ❤️❤️❤️
Whew...
Brother in the Blue Blazer is speaking the Truth.
the gentleman in the blue suit is one of the first individuals that share basically the same point of view on this subject as myself.
Likewise
Great discussion!
Enjoyed Weston's perspective and wisdom. Also love the name!
This is simply fabulous. I love seeing black excellence in action!
Great, bold, true, valuable civic-minded discussion! Keep bringing the light!
Another good point made by the pastor. Too many black people are upset that racist people don’t like them. In high school I learned to deal with people who don’t like me. That’s life. Too many insecure black people.
If an individual person hates me shame on him. However, if that same person who hates me is backed by law and a system who favors him then its not something that is easily shrugged of by white knuckling it. Persons with influence can and has prevented more educated and talented ppl from advancing. on a macro level this is what has and is happening to blk community. So it will take a combo of both ind. repsonsibility and paradigm shift in how gov and society operates to bring true justice and equitability
This is a great video! Black ppl don't need inclusion. I & many others want equality! I don't need any friendships. I just want equality!!!