Monroe Dispatch - No Struggle, No Progress

Why Black Wealth Matters in White America 2

 


… and what blacks must learn to survive this new economy

To bring this lesson home, a person who earns $100,000 per year and spends $100,000 per year will prosper far less than a person who earns $40,000 per year and spends only $20,000 per year. The latter person is on the path towards building wealth, whereas the prior person is spinning his or her wheels and making no progress towards achieving wealth. In fact, bankruptcy could be in his or her future if there is an abrupt loss of income. You now have the idea. Wealth is the result of applied knowledge, discipline, behavioral patterns,...



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