February 5, 2012

Educational Crisis In Black Male Population Resulting in Staggering 25% to 40% Unemployment Rate

Schott Report on Black Male Education Rates

The Good News: African American women are gaining in net worth, income, high school graduation rates, college graduation rates, and seats in boardrooms at powerful companies throughout the world.  They are going from glory to glory, success to success. The Bad News: African American men have unemployment rates as high as 40% in some areas, have incredibly low graduation rates, which results in lower income and lifetime achievement. The Question: Why?  How do we figure this growing … [Read more...]

The Cult of the Majority (or You Don’t Have a Right to Vote for the President of the United States)

Electoral College to Elect Obama

Countless Americans mistakenly believe that the constitution says we are a nation, "of the people, by the people, and for the people".  They don't realize that line came halfway through the nation's history in the Gettysburg Address by President Lincoln and isn't part of our constitutional framework at all. Consider, for a moment, that people actually believe they have the right to elect the President of the United States!?  It is completely absurd, but they believe it is their … [Read more...]

The 5 Levels of Building Wealth

Scrooge McDuck Carl Barks Money Bin

Early in life, I developed a theory that there were five levels of building wealth that most self-made men (and women) go through to reach financial independence.  It was started by my love for Carl Barks Scrooge McDuck comics.  When I started reading the Federal Reserve reports of consumer wealth, empirical studies, and other sources of data, and discovered that 90% of those in the United States who are millionaires made the money on their own - that is, they did not inherit it - I … [Read more...]