Black America Practices Group Economics Every Sunday, Where’s the ROI?
By: Dr. Samori Swygert
originally published at: http://financialjuneteenth.com/dr-samori-swygert-black-america-practices-group-economics-every-sunday-wheres-the-roi/
How many times have you spoken with friends, colleagues, or family about forming an investment club, starting a business, purchasing real estate, or some other financial endeavor to generate alternative sources of income?
Many times these dreams of group economics fail to launch because your potential business partners are fearful, lack desire, or lack the knowledge. Many times the dream won’t work because your partners don’t believe, are too self involved to participate, or consumed with jealousy because they’re not the originator of the idea.
I’m going to share the perfect real-life case study of how wealthy mainstream America moves to make financial gains and solidifies generational wealth. The power of group economics and aggregated money speaks volumes. Dr. Claude Anderson can’t say it enough.
WHAT AM I TALKING ABOUT?
Five young tech entrepreneurs had a dream of purchasing THEIR OWN MOUNTAIN. This idea or dream sounds absurd to the common mind that accepts mediocrity and chooses to wallow in doubt and disbelief.
Powder Mountain is a vast 10,000 acre swath of land located one hour outside of Salt Lake City, Utah. These entrepreneurs consolidated all their assets, and solicited the monetary help from 50 investors. One investor was the founder of Paypal and a consortium of other heavy-hitters that included sports stars. This conglomerate was able to purchase Powder Mountain for $40 Million dollars.
They want to construct approximately 500 home sites on the land. The land will serve as a multipurpose venue where they’re converting a portion of it into a ski resort (500 inch average annual snow precipitation). The other portions will be for domestic living, business retreats, and other private functions of their wishes (because they own it).
5 QUICK TAKEAWAY LESSONS
1. Own your dream, and pursue it with vigor, fervor, and tenacity despite how insane it seems to the “common consciousness“.
2. ONLY network with individuals that share your belief in the dream and are willing to commit their personal assets to help transform the dream into a reality.
3. Have a well thought-out plan that’s meticulously documented and explainable so potential investors can feel the tangibility of your dream.
4. LAND IS KING, Earth is a finite mass, you can’t grow more Earth. Once each inch of Earth is purchased or owned, the only way to acquire it is by trade, purchase, war, or bequeathing of property.
5. Wealthy investors saw younger entrepreneurs trying to elevate their circumstances, and took a chance to give back by investing in the dreams of these young men.
GROUP ECONOMICS THAT WE IGNORE
We’ve seen the impact of group economics in several aspects of our life. The mafia practiced group economics and they called it “THE COMMISSION“. Although Hollywood glorified the lifestyle in cinematic theatrics, this was a real conglomeration of individuals that divided up sections of real estate and established supply chains and trade policies that would enrich all five mafia families for decades. Greed and power were their only downfalls.
Many of us practice group economics every Sunday morning. Millions of parishioners fill the pews of sanctuaries of numerous religious denominations on Sunday morning. The collection of tithes and offerings nationwide amount to hundreds of millions of dollars each week. That is group economics. You regularly and consistently make a financial contribution and participate in a common belief. This money is used to finance all the associated expenses and projected goals of the church, such as: food and clothing drives, retreats, repairs, schools, nursing homes, etc.
Here’s an example of group economics that hits closer to home: Do you scroll through your Facebook timeline and see a myriad of your friends on vacation together? Well, that’s group economics. They’ve taken time to save money and plan out lodging, activities, travel, and other amenities that they all can enjoy together for that time.
WHAT AM I SAYING?
Ultimately, it’s time for us to evolve into a more serious realm of understanding money. We can find ways to come together and spend money on temporary, short-term enjoyment like vacations, but they have no true monetary return on investment. We can tithe, but realistically speaking, tithing won’t pay our property tax, mortgage, student loans, credit cards, car notes, child support, etc.
I think it’s fine to contribute to vacation plans and the faith of your choice, but we must set aside money and coalesce as a group to procure real assets that can generate revenue and leave something for our children and their children’s children. The last takeaway message that I feel strongly about is the reaching back of wealthy African Americans to support the dreams of young African Americans to help transform dreams into true products, services, assets, and wealth.
THERE IS A DIFFERENCE WHEN YOU CAN LEAVE YOUR FAMILY WITH EITHER A MOUNTAIN OF DEBT, OR A AN ACTUAL MOUNTAIN!
What are your thoughts? Hit me on Twitter @docswagg06
