STOP RENTING START OWNING

I was reading an interview a while ago with Jay Z. He was asked if he would be venturing out into films. He replied, When I own the production, rights and good script I would consider it. It was then I gained a new found respect for his business prowess. He acknowledged the key lesson that must be learned to accumulate true wealth. I put this lesson into 4 words: Stop Renting Start Owning! You need to own the asset not work for it. Simply put an asset puts money into your pocket a liability takes money out. We always watch rich athletes and musicians and ask ourselves, how can they pay these people so much money for what they do. When we should be asking the real question, which is, how much do the people make who pay all these people so much. Well they can afford it because the own the assets that run that business and the network that gets it out. To give a clearer understanding of the renters mind frame v. the owners mind frame, I came up with some scenarios that compare the two.

The renters mind frame - "Yo I'm a be a rapper and be famous and get lots of money."



The owners mind frame - "I'll open a studio to record the music for these rich rappers or I'll buy some printing presses to press the cd's for all these up coming rappers.



The renters mind frame - I'll buy out the bar at the club and look like a balla



The owners mind frame - I'll buy a club so ballas can buy out my bar.



The renters mind frame - I'll rent out this apartment because it has big bedrooms. It's better than living in my mom's basement.



The owners mind frame - I'll live in my mom's basement until I can buy this multilevel property, live in the basement and rent out the apartments with the big bedrooms and have someone else pay my mortgage.



Let's get out of the renting mind frame and let's start owning. Remember the Golden rule people. He who has the Gold will rule.

"Generation Of The Hustler"

The likes of Oprah Winfrey , Bill Cosby, Don Imus have been making comments attacking the Hip- Hop generation. While many black youths share the feelings of 50 cents response to Oprah Winfrey's comments on hip hop His response is that her demographic is made of middle aged white house wives in suburbia. She doesn't understand this new hip hop generation, which I refer to as the generation of the hustler. The description of her core demographic is true, we shouldn't kill the messenger, but listen to the message. For instance, Bill Cosby said on CNN that African Americans are too spiritual and are always waiting for God to save them. I found this to be true in my opinion the older black generation are waiting on God, while the young black generation are waiting for government aide, a record label or lotto ticket to deliver them. They wait for this instead of delivering themselves with hard work and school (Yes I know you're getting weak. Hard work and school is kryptonite to the young black population). Well the hip hop generation will always be that rebellious teen, who has to learn the hard way, through experience. The era of the white man ( willie bobo) is keeping me down is over! The chains are off and we refuse to leave the master. We had an anti slavery revolution and got our freedom. We had a civil rights revolution and got our rights in writing. We had an affirmative action revolution and got a chance to apply those rights. Now we won't even show up to the interviews. We now need a financial revolution and the first step starts with financial literacy. Let's finally reap the benefits of our ancestors blood and activism. Let's cease our scepters and be kings and queens again. In hip hop lingo "Let's get together and get this money son, shawty, nephew...(LOL)" Remember the golden rule people. He who has the gold will rule.

P.S. While writing this blog I came across the perfect poem by Langston Hughes written in the civil rights generation, but talks about this generation. "The Generation of The Hustler".

it is entitled "I Too Am America"

I, too, sing America.I am the darker brother.They send me to eat in the kitchen When company comes,But I laugh,And eat well,And grow strong.Tomorrow,I'll be at the table When company comes.Nobody'll dare Say to me,"Eat in the kitchen", Then Besides, They'll see how beautiful I am And be ashamed--I, too, am America.--Langston Hughes