Can we work together to identify ways to manage the currency of our family? Can we take responsibility for us, our kin-folk, and our own natural energy yield? Can we reserve the economic struggle and Mastermind the Hustle?
In the Asian community, money circulates for a month. In the Jewish community, the dollar circulates for approximately 20 days. Caucasian community money circulates for 17 days. In the African American community, the dollar does not circulate for more than 6 hours.
This past weekend marked the anniversary of Tulsa, Oklahoma. In 1910, Black Wall Street in Tulsa, Oklahoma the dollar circulated 36 to 100 times or sometimes the whole year before the currency left the community. Research states that Philadelphia had more black businesses in 1910 than today. The Pandemic has exacerbated those numbers.
The communities identified below were very prominent progressive free people who were eager to live and prosper. Blackdom, N.M; New Philadelphia, ILL; Buxton, Iowa; Seneca Village is now known as Central Park in NYC; Weeksville, N.Y.; Greenwood, Oklahoma- Black Wall Street; Allensworth, Calf. – A California Dream Freedmen’s town. (Sanders, 2011).
Those communities were destroyed because of racial violence or injustice. During those days, there was more of a sense of ownership, respect, and group economics when compared to the family and community of today. Economic warfare is happening in our businesses, marriages, families, and communities. It is very easy to control the poor and disfranchised. When you have “no money,” no benefits coming (Nasheed, 2012).
During the era 1866 to 1920, the United States census states Melanin people had the greatest economic achievement in America. The community was a place of, “value, history, resources, wealth, power, jobs.” However, before we focus on the community, the family is the first priority. “The economy is not the issue, the issue is you” (Kiyosaki, 2010). Become your own economy and “govern your family.” A bunch of united families is a nation.
Figure out what the plans are for your family. Come together with the community based on those aligned goals. It is necessary to acquire and master the areas of business and industry, politics, police, court system, and media.
Politics -When you acquire some wealth you can “control, buy, rent, lease.”
Media – acquire radio, television, newspaper, and cable system to communicate with the community.
Business and industry- acquiring and holding the wealth.
Despite financial cycles, continue to move forward with family financial plans. Always follow the plan for managing the Family, Finances, and Freedom.
There will always be depression, recession, bills, and the possibility of a bright financial future. Did you know there were several recessions in American history? According to the Bureau of Economic Research, there have been 47 recessions in the United States since 1790. Recessions and depressions happen all across the globe.
How many personal recessions and depressions have your family experienced? Or are we in a permanent recession? We must teach our children how to utilize the economy within. We must work together to make effective financial decisions that will change our life.
Family trumps everyone. Therefore, the need is to invest in our family first.
Family is our currency. However, we fail to realize that it is very beneficial for others to destroy the harmony and cohesion of the family.
Currency Management is vital to the legacy of the family. “We do better when we work together than when we work alone.” (Wei, 1992, p. 21).
My grandmother told me, “Your children are your wealth, and the goal is to retire and live off the fruit of their labor.” Grow richer together instead of growing poor alone. The “Every man for themselves” mentality does not fit properly within the family dynamics. The family has Economic Power. Currency Management for the family is deciding which holidays the family will celebrate as a unit.
The Chinese have one long holiday a year for 10 to 15 days to visit relatives, celebrate, apologize, pay off debt, plan for the future with the family. This time is spent getting the family, house, and business affairs in order instead of spending money. This sounds like a great idea. As a family, we are obligated to spend time together once a year. Working together as a family is a hidden secret to being successful and wealthy.
The time has come that we must look at Love as Law and Family as a business. Your family members are your board of directors. Live a frugal lifestyle and pull your resources together as a family. “It is better to live frugally, appear to be poor and to have money in the floorboards than to have expensive furniture, look rich, and to owe everything to the banker and credit card company.” (Wei, 1992, p. 37).
The time is now to take control over your family and their currency. Currency management with the family is necessary. We can grow richer together instead of growing poor alone.
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Mastermind the Hustle
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