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What's up everybody! Just a quick message. We will be relaunching AllHipHop.com with the goal of keeping the community front and center. I have worked with Jamal and select moderators, to make sure The Illl Community's needs are being addressed as we evolve. We are encouraging you to use the new platform.

We will NOT be closing the current community, but we will be porting user data over to the new system over time, so please get used to using the new community!

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blakfyahking · The IC's Resident Father Figure · ✭✭✭✭✭

I now believe in love at 1st sight SMH

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  • Re: Two black corporations sold off to whites.. (Sundial & OWN)

    5 Grand wrote: »
    5 Grand wrote: »
    It all depends on what they do with the money.

    For example, I can think of a certain music industry exec that claimed that he made so much money he didn't do his laundry, he just threw his clothes away and bought new ones. If a person like that sells his interest in a company he's going to have long term problems.

    However, if a music industry exec was in the same position and was frugal with his money (e.g. driving a Toyota Camry instead of a Bentley) and invested it wisely then selling his interest in the company and re-investing it makes sense.

    Like I said its not black or white, its green.

    From my perspective, the most important thing the Black community needs is more people in the financial industry. People with series 7 licenses and MBAs. There's nothing worse than signing a $10 Million contract and not knowing what to do with the money or how to invest it. As soon as you get that $10 Million check the sharks and vultures start circling they'll sell you a dream and rip you off. Then you have to take them to court, and if you win your lawyer gets 1/3.

    Thats why its important to understand finance and the stock market.

    There's a lot of rappers that should be multi millionaires that are broke because they didn't know what to do with their money.

    I feel u at the bolded but u typed a lot of misconceptions that many black folks are taught

    we don't necessarily need to be more frugal, we just need to be more efficient and savvy with our money

    the problem isn't buying Bentleys, the problem is that Bentley isn't owned by a group of people who have our best interests at heart..........case in point if Bentley was owned by black folks interested in reinvesting their bread in black communities, it would benefit us all if all these rich niggaz only bought Bentleys

    but unfortunately whether u buy a Toyota or a Bentley, u should buy what u can afford and the goal should be long term ownership since neither company really helps us long term anyway




    as far as the finance shit, I work in finance and once u start making bread u start seeing how shit is really rigged

    even if u get a series 7 license u still need to go thru a bunch of white folks to participate in the stock market, u don't just get in the game and just automatically become a broker/dealer

    what really hurts black folks on the finance side is that we don't have access to the same investments........venture capital would help us out a lot

    but we don't have a shared culture where investing in each other on some legitimate shit is common like other groups........we don't have enough banks with resources.........we don't have enough black millionaires/billionaires who prioritize having black financial services

    ^^^ Good stuff.

    The absolute biggest problem, the detriment of the Black community is the Black church. They've been in business since reconstruction and we don't have one Black bank. Anybody care to explain that?

    actually we have a good number of black banks on the low

    the problem is that those banks don't have the same resources as other more popular banks in order to provide black folks the same access to investments

    also there are no black banks I can recall that have a seat at the any of the major stock exchanges.......I could be wrong tho since its 2017
    deadeye
  • Re: Two black corporations sold off to whites.. (Sundial & OWN)

    5 Grand wrote: »
    It all depends on what they do with the money.

    For example, I can think of a certain music industry exec that claimed that he made so much money he didn't do his laundry, he just threw his clothes away and bought new ones. If a person like that sells his interest in a company he's going to have long term problems.

    However, if a music industry exec was in the same position and was frugal with his money (e.g. driving a Toyota Camry instead of a Bentley) and invested it wisely then selling his interest in the company and re-investing it makes sense.

    Like I said its not black or white, its green.

    From my perspective, the most important thing the Black community needs is more people in the financial industry. People with series 7 licenses and MBAs. There's nothing worse than signing a $10 Million contract and not knowing what to do with the money or how to invest it. As soon as you get that $10 Million check the sharks and vultures start circling they'll sell you a dream and rip you off. Then you have to take them to court, and if you win your lawyer gets 1/3.

    Thats why its important to understand finance and the stock market.

    There's a lot of rappers that should be multi millionaires that are broke because they didn't know what to do with their money.

    I feel u at the bolded but u typed a lot of misconceptions that many black folks are taught

    we don't necessarily need to be more frugal, we just need to be more efficient and savvy with our money

    the problem isn't buying Bentleys, the problem is that Bentley isn't owned by a group of people who have our best interests at heart..........case in point if Bentley was owned by black folks interested in reinvesting their bread in black communities, it would benefit us all if all these rich niggaz only bought Bentleys

    but unfortunately whether u buy a Toyota or a Bentley, u should buy what u can afford and the goal should be long term ownership since neither company really helps us long term anyway




    as far as the finance shit, I work in finance and once u start making bread u start seeing how shit is really rigged

    even if u get a series 7 license u still need to go thru a bunch of white folks to participate in the stock market, u don't just get in the game and just automatically become a broker/dealer

    what really hurts black folks on the finance side is that we don't have access to the same investments........venture capital would help us out a lot

    but we don't have a shared culture where investing in each other on some legitimate shit is common like other groups........we don't have enough banks with resources.........we don't have enough black millionaires/billionaires who prioritize having black financial services

    KoltrainThe Huedeadeye#1hiphopjunki3
  • Re: Two black corporations sold off to whites.. (Sundial & OWN)

    Having a business and being in business are two very different things. Both can foster a legacy and empower the lives of others.

    You don’t have to retain a brand/product in order to build wealth for your future or community.

    What you overblack Mfs are forgetting is the simple fact that MONEY IS MONEY. You don’t need to be associated with a popular brand in order to have shit for the fam. I’m more than certain the rulers of the ruling class are running businesses you’ve never even heard of. Majority of the millionaires in the country are rich off shit mfs don’t even buy everyday.

    Expand yourselves. Stop being a victim of “white oppression”. Nigga empower yourselves and stop being a goddamn race monger.

    the bolded reveals that u don't see the bigger picture

    how many black folks will keep having to re-learn the lesson that money doesn't insulate u from racism


    what is better to have in ur opinion:

    fiat money that can be devalued at any time?

    or physical resources/assets like real estate/manufacturing facilities/raw materials?



    ownership goes a lot further than just money.........cuz what has pure spending power alone done for us when we just rush to give our bread back to other people who don't respect us anyway?
     i ro nydnyce215KoltrainThe Huejetlifebihdeadeyemike06CashmoneyDux#1hiphopjunki3
  • Re: Two black corporations sold off to whites.. (Sundial & OWN)

    SMH @ niggaz nonchalantly claiming "its just business"

    in Oprah's case she can get away with it more cuz she is already a billionaire

    but at the same time a media network is a powerful thing........... now with Oprah I'm not surprised at her being willing to compromise the potential imagery on her network........she has been bought off by white people a long time ago

    yeah it can make sense to build and sell ur business off, but ownership still used to mean something......just look at what happened to BET after it was sold to white folks



    and as far as Sundial, I understand why broke people always think cashing out is cool

    but then later on the same people get mad cuz we have no real political power

    I'm starting to really believe black people really are bred to be submissive by nature and that's why we constantly asking permission from other folks to be treated with respect :(
    deadeyeVulcanRavenaneed123 i ro nyKoltrainbossdon201Ajackson17KingFreeman
  • Re: In All Seriousness, Would You Wife A Chick With Fake Ass, Boobs and Lips?

    nah cuz I know she gon get that booty cancer in the future

    everybody just wait......that epidemic gon be hilarious when we all start hitting our 50s :lol:

    so many females u meet today gon be doing chemo and talking about the regret of filling their bodies full of cement/silicone SMH

    AggieLean.LcnsdbyROYALTY i ro nyYoung Stefaneed123soul rattlerInglewood_BWill MunnyatribecalledgabiMr.LV#1hiphopjunki3GhostdenithegawdMaywoodAlready Home_17Beech Oss NeegaT. Sanfordkingtob330LEMZIMUS_RAMSEY