3 Reasons Black People Are Broke!

1. Lack of Confidence

According to Federal Safety Net (2017), “there are 9.2 Million African Americans in Poverty (22.0%)”. Now with those statistics imagine behind in the shoes of someone who lived in these environments. There’s pawn shops, liquor stores, failing black businesses, theft, robberies, murders, broken homes, and etc. Of course growing up in these conditions would give any African American in America lack of confidence. We don’t see many make it out alive and if we do they are either playing sports, rapping, or acting. On television we don’t see many black Financial Advisors teaching the youth or working for Fortune 500 coming back to preach on how to become successful. We have to establish a better lack of confidence. We all have to pick up our confidence and start being supportive of each other. I know there are many mental issues that come with staying in impoverished communities but we have to start being more positive even though we face many adversities than any other race in America.

2. Spend the Money before it Comes

This is a sad, but very true statement. African Americans that live in improvised communities already lack financial literacy. We don’t know how to manage thousands, if not hundreds of dollars at a single time. What I’ve witnessed growing up in the inner city is that a big check means splurge as fast as you can, before it’s collected quickly by the bill collector and piled up debt. Growing up, I even struggled with this because before I even knew the big check was coming I made a list or already had a spend all the money plan in motion before it even came, so on the day of I hit the stores ferociously and had no appreciated assets, only items that impressed everyone around me who couldn’t afford it, because they also shared a place with me in poverty.

3. Low Self – Esteem Issues

Coming from poverty many African Americans face self-esteem issues. We undergo stress due to our constricted environment. We are surrounded by “what ifs” & “I wish I did this”. Meaning many people who had the chance ruined it by not sticking to their plan. They let others opinions get to them, which robbed them of their dreams and even took it to the graveyard way before their known death. African – Americans that have been through poverty have been let down many times and we are the main race that bring others down, which has to change, but with a strong work-ethic and mind you too can overcome the obstacles you are in and take bigger risk to reap big rewards.

25 and Forever

Through out my years, I have been blessed.

I have been blessed to make it out of my situations and prosper.

I have been blessed to wake up every morning and see the morning after.

I have been blessed to understand this life is a test and everything I do is on me.

I have been blessed to treat others with respect and chose my battles most times failing, but learning from my losses.

25 & Forever!

Ghetto Poverty

We vanished, vanished, and completely vanished under the surface of America! They focused and focused on ways to drag us underneath the social class of America. They left us for poor and worse as before.

Growing up in poverty seemed normal to me. I had friends just like you and everything seemed perfect. I didn’t realize how poor we actually were until I got older and noticed my surroundings. Pawn shops in every neighborhood, liquors stores on every corner, and barely any jobs that would hire us without the right credentials or color skin.

9 times out of 10 if you grew up in the ghetto you are most likely to go through an significant event. Either you will be robbed, kilt, or end up in prison by default. I hate to say it, but the system is always working against the urban community and black families.

One way to defeat the system is to have a financial IQ. Doing better with your money and managing it better will help you ever than before. Yes, we may come from the ghetto where they count us out, but we can change our circumstances. It will not take a day, month, or even a year but overtime we will get through this.

Save the money and buy items with meaning. Ownership is the only key out of the slums. I know because I came from it and reading is key. We make so much money, we just need to realize that’s our power in the 21st century. Got to learn to spend a 20 save a 50.

Late Night Working

I can’t hear no pen drop, – cause I’m straight focused

Pen dropping caused a noise that left me unfocused !

I was putting plays together Jay Starks back in motion

Back in motion running plays, – I was back focused

I was waiting for my chance, dreaming of me working….

Working harder than my goals, because I couldn’t settle, NO!

Lot of nights I gave up just to accomplish more

I was closer to my dreams than a hour before!

Why I Retired Buying Name Brand Clothing

“Why spend my money with name brand companies who don’t support me or give a flying f*** about my living environment?”

Many years I use to think like every other negro. Buy name brand items and automatically get accepting by the cool kids and cute girls. I didn’t understand as a younger individual the effects and mind games the larger media had on my brain. I seen rappers, actors, and drug dealers with the cleanest outfits so I immediately thought I needed it. I thought this was it! Like it was the key to life. Buy more name brand items and BOOM, I am worth more than my peers and I am better than every one in my lower class community.

It’s deeper than name brand clothing. It’s the meaning of why we buy it and accept it. It’s the power we think these clothes give us a black individual. We think because we associate ourselves with these particular pieces of clothing we are one of high importance. We ask for clothes by brand and barely understand how we are turning against ourselves and becoming inferior to our own black business owners.

Growing up I remember seeing the mom and pop shops that use to get started in the hood. Even at a young age I would say they wouldn’t last long or what the hell is this ugly place in my neighborhood. I remember walking in their store and saying the prices were too much for what they were selling. I would try to low ball their prices and ask for deals. This is the same way we do each other in the Black Community. We are brainwashed way before this point and we don’t even realize it. We pay 1,000 no problem with other races and say 50 is too much when our own kind is trying to sell us something worth substance. If it’s not named brand and of another popular named brand we do not want to be associated with it. It’s sad.

Many won’t understand my logic behind retiring from named brand clothing but it’s okay because they have there reasons. Most of these designers aren’t from my community and don’t give two shits if I live or die, so why would I spend any more than I have too? I would rather spend with my people and watch the money circulate within but how can I when majority are brainwashed and would just put that money right back in other communities.

No Money, Mo Problems (Inspired from… How to Sell to The Negro “1954”)

You spend millions on brands that don’t even support nor care for your community existence” – Justin A. Starks

Quick Glimpse

Yesterday, I watched a YouTube story titled “How to sell to the Negro”, this video opened my eyes and made absolutely all the right sense. One line I vividly remember that stops me from spending my hard earned money to my white counterparts is “The negro people already feel like they don’t belong, by associating themselves in rich fabrics just as whites do, no matter the cost, they would feel of high importance even though they will never truly pass the glass ceiling of wealth as whites in America”. I was devastated to understand this logic! We have to stop paying a high price and thinking a 400 dollar shirt is going to make us feel special. Use that money to buy investments and start a low funding business. We have to develop that economic mindset in order to produce more opportunities within the Black Community.


rowing Up Black

In addition, growing up in the Black Community I have seen directly and mentally the effects and still do how materialistic items are valued and how we love to crowd the streets on a Good Payday Weekend. We need to understand our monies can no longer go to these white corporations. They already set shop all through our neighborhoods since after slavery and are taking our wealth while putting us to work for little to nothing underpaying us and telling us they aren’t hiring. It’s imperative we learn how to build wealth and create jobs for ourselves. Also, White America own 78 percent of the wealth in America that’s why we have no economic say so when it comes our own hiring process, careers, or living conditions. We need to get more educated faces in these seats to look out for our kind just as they do themselves.


o Economic Power

Understanding this will hopefully lead you to handling and seeing money different. This is not an racial letter, this is the true facts that we need to wake up and see here in America. We have 11 times less of net Worth than Whites and just under 3,000 dollars short of Hispanics. We are in last place when it comes to wealth, that’s why higher officials like The “Higher Ups” (No Names) even call your black ass lazy when it comes to “Handling Money” on National TV!! If he thinks that and say it so proudly just imagine what other leading officials think of you. It isn’t like we aren’t making money, hence that we made 1.1 Trillion dollars as a whole but we don’t have a strong financial literacy. We don’t see the bigger picture. That’s why these rooms will continue to be filled with white liberals and conservatives that only persuade you to vote for them and feed you bullshit. They don’t care about your Black Community. Our community have been the same from every presidency no matter democratic or republican. Seems like it’s only getting worse by the century. We have to build our communities and thrive, not give in to a life of poverty and die.

Question: Do you truly understand you control your wealth?

Table of Doubt

As I sit at the table of doubt..

I have realized, – I am to blame

I have realized, – I am to shame

Underestimated, my life of change

Underestimated, changing my lane!

I knew nothing would come from this

Sit, think, plot…. – I was so over the poverty

Think, sit, watch…. – I was plotting a robbery

Table of Doubt it would drastically baffle me

The seating was crowded as we leaped over the balcony

"Doubt leads to doing nothing when it's time to do something" – Justin A. Starks

Never knew the Difference: Income Vs. Net Worth

"These disparities can be explained only by the multigenerational legacy of racial discrimination in mortgage lending, employment, and access to capital for enterprise development." – Chuck Collins

"This pisses me off, so I am going to teach you (my people) everything I can to see the changes in Wealth Inequality, even if it consumes my hard earned time." -Section8Investor

Today, I am going to help you understand the difference between Income Vs. Net Worth. Many people in the Black Community seem to not have a functional understanding of this as we spend ferociously without building our nest eggs (Net Worth). It's even more crazy that we are on the bottom of the list underneath Hispanics in most cases. I love hispanics, but they aren't even from our country and receive more (better) opportunities than us (blacks). We have to understand this racial gap is a big issue. If not you, then please teach your kids, so the next following generations could build upon the knowledge and wealth.

Income

Your income is your yearly income you make from your job. Unfortunately, you could lose that job and everything you own if you don't have a healthy savings (talking from life experience). I prefer 10 months of your living expenses saved for extra comfort. You have to understand if you rely only on one income you are bound to fail in this economy. You must use that "powerful wealth building tool" as a way out of your current situation. You don't have to be broke forever. You too can reach a high Net – Worth.

"If you don't learn how to make money while you are sleep (Net-Worth), you will work for money until the day you die (Income)."

Net Worth

Net Worth is how much you own after your debt is taking away. So, if you have 0 in Net Worth built up and a debt balance of 54,000 congrats because you are in the Negatives (Red), and probably don't have any good judgements with money. Pause! If I sad that with ease about you what do you think majority of the white race say about us when it comes to money management! They are laughing they're assess off! This has too change for the betterment of our communities.

Moving forward, net Worth is the amount of money you have in your possession, in plus everything you own that has significant value. This could range from Real Estate, Investments, Savings, Cars, and Business Corporations that you own. As your net Worth builds it shows you are doing great financially. You have to fully understand your income is not your net worth. It doesn't matter how much you make in a year, if you don't build your net worth and put your income to work you will be poor.

Question: Are you building your Net Worth, or are you relying on one Income? Black Community, I need a answer Pronto! Our communities and generations depend on us to figure it out.

Don’t Make “Cense” Sunday’s: 20 Something 


“You’re only 20-29 once; make sure the years are accounted for” – Section8Investor 

Right now in your 20’s you have an advantage. You have the advantage of coming up with the million dollar idea. You have the advantage of investing in those dreams and watching it all grow before your eyes. 

In your 20’s you have to understand there is no times for games. Well, maybe a couple games but honestly not any. These are the time you fail and fail hard! These are the times you find yourself as a human being and go all out ballistic with your goals. Many others will down play and hate on your vision but don’t let those 30, 40, and even 80 year old life regretting individuals get to you. Follow those who you want to become one day. 

In these roaring 20’s you have to build your platform. You have to solely become committed and know this is what you want from yourself. Some may not know what that is at such a young age but I be damned if you don’t find out what that is before it’s 30 to late. Try many things out but don’t get caught doing so when you find out that passion. Stick with it and rise to the top of your expectations, not others. 

These dreams, goals, and aspirations should be the things you would die for. Knowing you whole heartedly would sacrifice everything just to make this shit happen no matter what goes down. No other human being on this Earth should be the reason you give up and stop short of your goals. Every one has 1 set of 20’s. Stay down until you come up and go after those damn dreams! Now is the time! It doesn’t make Cense not too. 

Question: Do you have regrets and wish you could’ve took a different approach in your 20’s? Do you have a game plan for your 20’s? Please, share and explain. I am all ears! 

Darkness Falls as Dreams Shatter Underneath 

Staring at Caskets & flowers around 

Buried by my dad who now sleeps in the ground 

One day we will meet as I lay near underground 

What will I do when the darkness is near 

What will I do when the gates be so clear 

Heavens open as the angels all cheer 

Have I lived a life that left others astonished 

Have I loved so many that they loved me back 

Darkness falls as I lay on my back 

Dreams shattered as arms rest on my chest 

Darkness falls, darkness falls; yes darkness falls 

Please Lord Continue to Bless Us All !

Created by: @jay_starks1

Fact: We all fear death but we skip over our life.

Question: Why are so scared of what other think of you; as if you may get the chance to see age 92?