Building Black Wealth – 5 Lessons You Must Master To Achieve Financial Sovereignty

4. Produce more value than you consume

There are two ways to become wealthy: buy assets or take them by force.

Since we are not in the business of repeating the evils perpetuated against us, our community must learn to buy assets. But without income, you are not able to buy anything – let alone assets.

Thus, you must create or increase your streams of income. There are several ways to do this:

  • If you are an hourly employee, work more hours (thus, producing more) and use the surplus money that you make to buy assets. If you are on a salary, ask for a raise.
  • Start a side hustle that makes you a few extra hundred our thousand dollars a month and use the surplus money that you make to buy assets.
  • If you have a side hustle or business, increase the number of people you are serving. If you need to hire your first employee, do so. Cut hair by yourself and you receive a few hundred dollars a week. Hire barbers and open a multi-state barber shop that serves thousands, receive millions.

The greater the need met, the greater the wealth created.

The New Blueprint For Building Black Wealth: Move from being a buyer, consumer, and employee to being a seller, producer, and employer.

Click the tab below to see the next lesson!

Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.

newest oldest most voted
Notify of
Louis Gibson
Louis Gibson

Can you please send me your printed copy to: Louis Gibson F75447, 1 Main Street, San Quentin, California 94974. This is my second request for printed versions of everything.