Secrets of rich people

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: White people: both the cause of, and the solution to, all black people problems.

In the meanwhile all other immigrants and poors are not waiting to be rescued by Whites. 30 more years and the Hispanics will not be the low performing or poor community. Unless, dole is contagious.

All other immigrants and poors come from different circumstances than black people here. Black people here are still treated poorly. Immigrants are seen as hard workers and blacks are seen as not. So not the truth when I think about my own co-workers.
White people treat American born black people badly, and many immigrants have joined them: "we work hard, why can't they?". I'm poor and an immigrant, but nobody has ever question me like people here question black people. My English sucks and I had no work papers for the longest time. None of it mattered when it came to getting a job. My whiteness got me those jobs. I've been offered a job while walking in the mall, I've got rentals because I have credit (I didn't) and so on. I don't know how to tell you all that I literally have that something extra that makes my life super easy. I suspect black people don't have it and quite the opposite - they have that something that makes everybody question them, and I question them too. I'm aware of it, I'm working on it, but it will not leave me any time soon or never.
"30 more years and the Hispanics will not be the low performing or poor community". Not the way they are now. They will be low class, middle class and UMC, just like any other group that has lived here for awhile.

So how do you explain African inmigrants? Black as can be yet Nigerians are snagging tons of Ivy League spots in recent years. Their blackness doesn’t hold them back despite being new to America yet AAs born here 100-150 years after slavery claim blackness and slavery as excuses??GTFO

I'm so confused. You just answered your own question.

How do you explain the relative success of African immigrants, who were not enslaved and abused 4-5 generations ago and systematically, legally discriminated against within the last 50 years? Um...It's hard to say really. I'm sure if we put our head together we can figure it out.

What on earth makes you think that African-Americans are the only group that has been subject to extreme discrimination, has locked legal parity, and has suffered atrocities? This happens across the globe. This entire thread, there has been so much blame, and few if any actual recommendations as to how to move forward. And this is on a thread that is specifically seeking tips from people who are wealthy. Why not open minds to think about any tips that resonate for a readers circumstances, knowing that obviously not everything will apply?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: White people: both the cause of, and the solution to, all black people problems.

In the meanwhile all other immigrants and poors are not waiting to be rescued by Whites. 30 more years and the Hispanics will not be the low performing or poor community. Unless, dole is contagious.

All other immigrants and poors come from different circumstances than black people here. Black people here are still treated poorly. Immigrants are seen as hard workers and blacks are seen as not. So not the truth when I think about my own co-workers.
White people treat American born black people badly, and many immigrants have joined them: "we work hard, why can't they?". I'm poor and an immigrant, but nobody has ever question me like people here question black people. My English sucks and I had no work papers for the longest time. None of it mattered when it came to getting a job. My whiteness got me those jobs. I've been offered a job while walking in the mall, I've got rentals because I have credit (I didn't) and so on. I don't know how to tell you all that I literally have that something extra that makes my life super easy. I suspect black people don't have it and quite the opposite - they have that something that makes everybody question them, and I question them too. I'm aware of it, I'm working on it, but it will not leave me any time soon or never.
"30 more years and the Hispanics will not be the low performing or poor community". Not the way they are now. They will be low class, middle class and UMC, just like any other group that has lived here for awhile.

So how do you explain African inmigrants? Black as can be yet Nigerians are snagging tons of Ivy League spots in recent years. Their blackness doesn’t hold them back despite being new to America yet AAs born here 100-150 years after slavery claim blackness and slavery as excuses??GTFO

I'm so confused. You just answered your own question.

How do you explain the relative success of African immigrants, who were not enslaved and abused 4-5 generations ago and systematically, legally discriminated against within the last 50 years? Um...It's hard to say really. I'm sure if we put our head together we can figure it out.

What on earth makes you think that African-Americans are the only group that has been subject to extreme discrimination, has locked legal parity, and has suffered atrocities? This happens across the globe. This entire thread, there has been so much blame, and few if any actual recommendations as to how to move forward. And this is on a thread that is specifically seeking tips from people who are wealthy. Why not open minds to think about any tips that resonate for a readers circumstances, knowing that obviously not everything will apply?

No one thinks African Americans are the only peoples that have suffered.

The solution is to let nature take its course. African Americans will continue to grow in success and prosperity in this generation and the generations to come.

[Anonymous]

How did a thread in the money forum turn into a fight re slavery??

In terms of secrets of rich people -- I'd say INVEST as early and as often as you can. Put everything you can in your 401k starting day 1 -- doesn't matter if it's 18.5k total or if you can only put in a few thousand. Have some kind of plan for additional, non retirement investments. Again it's best if it can be $x/month every month. But if that's just not doable, put in money whenever you can -- even if it's a few hundred here and a few thousand there. And don't do anything "fancy" with the money -- straight up S&P ETF or maybe a low cost blue chip fund. Those investments in the 401k and brokerage will add up over time as you continue to live your daily life and suddenly you notice you have a not insignificant net worth in a few years.

[Anonymous]

Choose the right family to be born into.

[Anonymous]

Anonymous wrote:How did a thread in the money forum turn into a fight re slavery??

In terms of secrets of rich people -- I'd say INVEST as early and as often as you can. Put everything you can in your 401k starting day 1 -- doesn't matter if it's 18.5k total or if you can only put in a few thousand. Have some kind of plan for additional, non retirement investments. Again it's best if it can be $x/month every month. But if that's just not doable, put in money whenever you can -- even if it's a few hundred here and a few thousand there. And don't do anything "fancy" with the money -- straight up S&P ETF or maybe a low cost blue chip fund. Those investments in the 401k and brokerage will add up over time as you continue to live your daily life and suddenly you notice you have a not insignificant net worth in a few years.

+1. If you have a choice (and most often you don't) -- all else being equal, try to pick the employment offers with firms that have 401k matches. Was in an industry for 8 yrs where a 401k match just wasn't a think, so I was slogging away with my 18k. 3 yrs ago switched jobs bc I was forced to -- landed at a place with a 7% match -- I'm shocked how quick retirement money adds up now with me putting in 18.5k and the co. putting in another 12.5k. I don't like the job and don't want to stay forever, yet I'm taking the match as long as I can get it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:^ PP was making the point that it's about BLACKNESS. You aren't given benefits of the doubt like people assuming you have good credit when you're black. So how do you explain African immigrants -- most of whom are also black and seem to be finding success just fine? You think the average white person sits their distinguishing between African black vs. American black with slave ancestors? GTFO. Slavery is an excuse AAs will hold for the rest of their lives. It's been 150 years -- YOU weren't personally affected -- maybe your grandparents were but it was probably your great grandparents.

All the arguments of -- oh bc my grandparents were slaves they didn't have family wealth to give us and now we can't get ahead are BS. More than one non-AA person has commented on here about NOT having school paid for, paying off loans, NOT getting down payments and cars etc. from parents, and STILL hitting a 7 figure net worths by themselves within 10-15 years of working. AAs can't do it - why - exactly?

Well, because they aren't white people so they don't walk in the door with the right complexion to get the assumed trust and benefits and other goodwill that goes with it. But, you know that, you just want to be and remain stupid. That's OK. Progress will whoosh right on past you backwards racist folks, thankfully. The rest of us will do what you won't do.

Not everyone following that model is white BTW. Pretty sure most African immigrants aren't white. Pretty sure most Asians aren't white -- and not every Asian is getting the benefit of the doubt of being the "model minority" either. You AAs and your white defenders can do what you want. Sit there crying for 5 more generations re slavery which didn't affect you directly bc you didn't exist yet. Doesn't matter to the rest of us if you progress or not bc we're doing what we need to do for ourselves and for our future generations. You all aren't-- which means your future generations will continue to be behind financially as they are now.

But it’s very different to be here for 10 plus generations versus just 1 or 2. If you compare African Americans to white American families that have been in this country for generations there is a gap. Many immigrants have families in other countries that may not have “made” it by some of these standards. I think everyone should work hard. I’m black and my father’s 9th grade English teacher refused to teach his class. My grandparents went to school at black only public schools. Their parents could only get service jobs because they were denied to live, go to school(college) etc. Today my family is doing well, but not every AA family has overcome some of these obstacles. In life there are already a million problems. And To be honest AA have really come a long way. I suggest you check out the museum in dc. It gives a great background.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Most on DCUM come from money

Even if they do, what behaviors did they grow up with to preserve and grow wealth?

We don't spend money on flashy things. Carrying anything with a gucci logo is tacky. Always investing, always max out 401k. Drive a cheap car that you pay for in cash.