Bling Bling Brings Poverty Not Wealth

Too often people in our community are confusing flaunting materialism with actual wealth. Being obsessed with bling bling can actually bring about poverty and doesn't equal wealth. Having wealth is a lot about having assets.

An asset is something that makes money for you as passively as possible even while you sleep like real estate, stocks & bonds, and these days e-commerce or ad enabled websites and blogs. Even ebooks can be assets for you generating significant income or money.

While you may work on a job to make money, on the other hand, an asset will work hard for you to make money.

Too many people of humble beginnings get a little money and get caught up with the symbols of success but not the substance of wealth.  I think even with the so called "prosperity gospel" too often people focus on nice cars, jets, and homes rather than commercial or business investments or assets that can make them money for the long term.

Furthermore complicating wealth creation for blacks due to redlining, less access to capital and credit, and getting less value for their real estate we to a large extent have fewer resources to create substantial assets. Moreover, the average black family makes less money than the average white family.

Blacks on average make less than $20,000 a year than white families.  And all of this income disparity cannot be linked to lack of work related skills in the black community or education.  Forbes reported that Black students with degrees have about the same chance of being hired as white high school dropouts. A recent study revealed that the average black woman makes 64 cents for every dollar a white male makes in the same profession.

This alone contributes to a great wealth gap in the Black community.  $20,000 dollars more a year pay to white families at just 6% yearly compound interest over a 40 year work career is almost a whooping 3.5 million dollars!  No wonder there is such a wealth disparity between whites and blacks in this country.

Sobering financially factors like these are no doubt demoralizing to many in the Black community and far too many resort to images of being well to do like "bling bling" jewelry or status designer clothes or flashy cars rather than actually looking to create viable assets.

We can see the consequences of this in the flashy wears of the secularized hip hop culture and on the other end of the spectrum in the spiritualized interpretation of the "prosperity gospel" adopted more recently by the black church influenced by southern television preachers.

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There is some good news for those looking to build more tangible assets without a lot of money or credit. Even if you can't afford real estate, stocks, or bonds you can invest in building digital assets online.

I've had websites with Google ads and ebooks generate as much passive income 24/7 as people who owned actual real estate.  If you learn how to drive traffic to a site monetized with ads, products, ebooks, apps or other software people are willing to pay for you can generate considerable income and on AUTOpilot. 

When you have a viable business and want to know how to turn a website or blog into an asset inbox me for more info.  These days virtual assets can actually bring in as much money as traditional assets like real estate in terms of cash flow if set up properly. Don't just settle for flashy bling when you can bring in real income with digital assets.

About the Publisher of Kamau's Qu!ps

Kamau's Qu!ps is Published by Kamau Austin. Kamau is a popular Blogger, Writer, and Internet Marketing Professional helping small businesses grow more profitable businesses online. If you need web design, blogging, search engine or social media promotion contact him at Search Engine Plan

Kamau's Qu!ps reaches over 30,000 web users a month through it's Blog and Social Media Promotions. For Advertising Opportunities visit Search Engine Plan.com