It saddens me in the Black Community that our people tend to have this "misery loves company" complex. That being said -- it also saddens me that there are people -- that could really be considered the enemy amongst black people.

The enemy is not going to want you to have financial stability. The enemy will want you to be down on miserable like themselves.

I thank God that he has blessed.

There are people that are upset.... -- that I have made it and I am proud <-- oh well. These same people that spend so much time --- trying to bring me down to their levels rather than coming up with a plan so that they can reach financial stability.

So for the HATERS (people that do not LIKE people with money), let us comllectively define what is financial stability.

Hopefully, those HATERS, will take notes and learn something.

SO... What is financial stability?

I define it as)( :: Relating to finances /good wealth which are firmly established mentally
and emotionally as well financially as set to well beings to live a more financial free
life but leave a stress to maintain the structure of wealth by utilizing it , I also define
financial stability as knowing the funding or wealth can be a start of better living but
also a way to reach back and share the secret to wealth and help bring another brutha
or sista up in life , we can be well set but if not handled correctly we can fine it all sheltered
right out our hands and into the next so MONEY ! can be fruitful but stressful to a degree
stability is to hold steady but my question , is this where we want to be as wealthy and
financially set or reach a higher gold ?

I say thank God for my sista & brutha who are well off by whatever means they my have
or recieve in life just if you are above in higher class do reach back and lift a soul a sista
a brutha up and show the way to financial freedom .

I agree why hate on the next person who has made it , but ask for some advice to help
you rise and reach a standard in life as they did
some of us make it from hard work blood sweat and tears / some make it from family
intrest life behind / some make it by stealing/cheating /lies and betrayal but the point
is they making it / some use common knowledge and invest in stocks / bonds daily trades
and other safe habor structure to stay above and financially good but don't forget your people

Having more assets than debts is a primary requirement. I remember wealth being defined as having enough money saved/invested that one could not work for 10 years, and continue to maintain their standard of living.

Having more assets than debts is a primary requirement. I remember wealth being defined as having enough money saved/invested that one could not work for 10 years, and continue to maintain their standard of living.

What good is the stability if you can't share it with your people who really need it?

What good is the stability if you can't share it with your people who really need it?

This is a good question brother Sekhemu, you'd have to pose it to someone who is more concerned about money than their community. I don't happen to be one, my only financial concern is being able to provide a quality lifestyle for my family.

i think having financial stability is defined by the fact that one does not feel the need to discuss money every day of their life.
if every other word out of your month is about money, that indicates to me that you do not have money or that you do have an unhealthy obsession with it.

This is a good question brother Sekhemu, you'd have to pose it to someone who is more concerned about money than their community. I don't happen to be one, my only financial concern is being able to provide a quality lifestyle for my family.


I hear ya Pan, although I responded to your last post, the question was not directed at you.

i think having financial stability is defined by the fact that one does not feel the need to discuss money every day of their life.
if every other word out of your month is about money, that indicates to me that you do not have money or that you do have an unhealthy obsession with it.


Very well said, excellent points again brotha James

Real people understand that people are spending money everyday. When you are burning electricity... riding around in your car....replying to discussion comments on your computer....

I find this is an opportunity to share with the community so others can have an understanding of what it is.. if they do not understand the concept of financial stability.

I define it as)( :: Relating to finances /good wealth which are firmly established mentally
and emotionally as well financially as set to well beings to live a more financial free
life but leave a stress to maintain the structure of wealth by utilizing it , I also define
financial stability as knowing the funding or wealth can be a start of better living but
also a way to reach back and share the secret to wealth and help bring another brutha
or sista up in life , we can be well set but if not handled correctly we can fine it all sheltered
right out our hands and into the next so MONEY ! can be fruitful but stressful to a degree
stability is to hold steady but my question , is this where we want to be as wealthy and
financially set or reach a higher gold ?

I say thank God for my sista & brutha who are well off by whatever means they my have
or recieve in life just if you are above in higher class do reach back and lift a soul a sista
a brutha up and show the way to financial freedom .

I agree why hate on the next person who has made it , but ask for some advice to help
you rise and reach a standard in life as they did
some of us make it from hard work blood sweat and tears / some make it from family
intrest life behind / some make it by stealing/cheating /lies and betrayal but the point
is they making it / some use common knowledge and invest in stocks / bonds daily trades
and other safe habor structure to stay above and financially good but don't forget your people


Thanks RICH....

I tell some people in the community that they need to have a basic understanding.. of budgeting.. needs vs. wants... affordability. I then usually ask them.. how much is your rent or mortgage... (if they have one) and then I ask them... how many days or paychecks do they need to pay their rent or mortgage... I will then give them an equation that helps them understand what is realistic to them... and what they can afford.

Having more assets than debts is a primary requirement. I remember wealth being defined as having enough money saved/invested that one could not work for 10 years, and continue to maintain their standard of living.

Thanks Panafrica.... do you have an equation to help someone reach that goal. I was told.. that you should save at LEAST 25% of your monthly income.

i think having financial stability is defined by the fact that one does not feel the need to discuss money every day of their life.
if every other word out of your month is about money, that indicates to me that you do not have money or that you do have an unhealthy obsession with it.

I agree with this statement!

Thanks Panafrica.... do you have an equation to help someone reach that goal. I was told.. that you should save at LEAST 25% of your monthly income.

Sorry if I did, I would have achieved this myself....I haven't!

There are affordability calculators online that can be used as a good start. :D

From WEBSTER:

Main Entry: af·ford
Pronunciation: &-'fOrd, -'ford
Function: transitive verb
Etymology: Middle English aforthen, from Old English geforthian to carry out, from ge-, perfective prefix + forthian to carry out, from forth -- more at CO-, FORTH
1 a : to manage to bear without serious detriment <you can't afford to neglect your health> b : to be able to bear the cost of <can't afford to be out of work long> <able to afford a new car>
2 : to make available, give forth, or provide naturally or inevitably <the sun affords warmth to the earth> <the roof afforded a fine view>
synonym see GIVE
- af·ford·abil·i·ty /-"fOr-d&-'bi-l&-tE, -"for-/ noun
- af·ford·able /-'fOr-d&-b&l, -'for-/ adjective
- af·ford·ably /&-'fOr-d&-blE, -'for-/ adverb

Main Entry: sta·bil·i·ty
Pronunciation: st&-'bi-l&-tE
Function: noun
Inflected Form(s): plural -ties
1 : the quality, state, or degree of being stable : as a : the strength to stand or endure : FIRMNESS

BOY INTUITION, YOU NEVER MISS THE OPPORTUNITY FOR SELF PROMOTION DO YOU? IN MY OPINION, IT'S UP TO EACH INDIVIDUAL WHAT THEY CONSIDER FINANCIAL STABILITY TO BE. TO SOME PEOPLE, JUST HAVING A ROOF OVER THEIR HEADS IS ENOUGH. FOR SOME, THE ROOF HAS TO BE WORTH A MILLION BUCKS. ONE CAN'T DECIDE FOR EVERYONE WHAT IT IS.

THAT'S MY "BIG" OPINION.

BOY INTUITION, YOU NEVER MISS THE OPPORTUNITY FOR SELF PROMOTION DO YOU? IN MY OPINION, IT'S UP TO EACH INDIVIDUAL WHAT THEY CONSIDER FINANCIAL STABILITY TO BE. TO SOME PEOPLE, JUST HAVING A ROOF OVER THEIR HEADS IS ENOUGH. FOR SOME, THE ROOF HAS TO BE WORTH A MILLION BUCKS. ONE CAN'T DECIDE FOR EVERYONE WHAT IT IS.

THAT'S MY "BIG" OPINION.

Mr. Big.... how exactly am I promoting myself?

I am sharing.

I know that some people will say that... but the reality is.. that there is this thing called "poverty".

From WEBSTER:

Main Entry: pov·er·ty
Pronunciation: 'pä-v&r-tE
Function: noun
Usage: often attributive
Etymology: Middle English poverte, from Old French poverté, from Latin paupertat-, paupertas, from pauper poor -- more at POOR
1 a : the state of one who lacks a usual or socially acceptable amount of money or material possessions b : renunciation as a member of a religious order of the right as an individual to own property
2 : SCARCITY, DEARTH
3 a : debility due to malnutrition b : lack of fertility
synonyms POVERTY, INDIGENCE, PENURY, WANT, DESTITUTION mean the state of one with insufficient resources. POVERTY may cover a range from extreme want of necessities to an absence of material comforts <the extreme poverty of the slum dwellers>. INDIGENCE implies seriously straitened circumstances <the indigence of her years as a graduate student>. PENURY suggests a cramping or oppressive lack of money <a catastrophic illness that condemned them to years of penury>. WANT and DESTITUTION imply extreme poverty that threatens life itself through starvation or exposure <lived in a perpetual state of want> <the widespread destitution in countries beset by famine>.

http://aspe.hhs.gov/poverty/04computations.shtml


I encourage people to start by being able to pay for your rent or mortgage with one(2 week paycheck) or better yet one weeks pay. :)

BIGTOWN... I am only trying to help my people. I could brag... all day and not share information like this.... THAT IS EXACTLY WHAT A LOT OF PEOPLE DO... but... I am not.... :)

what i learn is not what you have but what you do with it to have stability financially
trying to save 25% of your earnings is no easy task in today's world and cost of living
we barely can save a healthy 5 % but it lay in the hands of what you want in life or out
of life my first things is to provide for family by all means whatever left i try to put a buck
away here and there but it's not easy !

I know we all need money to live but i do not value it , what i value is the blessing
money can't buy love , happiness or respect all these things are earned we just need
money in this sad society to live .

But why not share the secret to your wealth how the next can rise and help another !

what good is stability if you can't help your people rise ?
to me we can't save everyone but you can save one and still be as strong at home
a provider and bread winner it's again not what you have but how you handle it .

Quote )) )) )) MAKE THE MONEY DON'T LET THE MONEY MAKE YOU !
this seem to happen when so many blacks come into wealth there mouth
become green paper back and greed to the likings it spills out like a degrade
to the less or poor so why not reach back and catch a hand .
don't talk about what u have but use it to maybe help a few stand and
rise from this proverty we face daily

Pan and James hit some good points above .