Economic resources for poor and working class Blacks – Prof. Kimya’s Class #brokey

This episode of Professor Kimya’s class focuses on reducing Black poverty by emphasizing individual and family financial planning. The lecture advocates for realistic financial plans, legitimate financial advice from authorized planners, and consideration of a financial plan’s impact on future generations. **It stresses the importance of understanding and utilizing tax-funded services instead of viewing them as government handouts. Professor Kimya encourages informed voting, contributing to Black safety nets, and building financial literacy from a young age. The class highlights the need for Black people to develop their own cultural concepts and economic power, drawing inspiration from figures like Harold Cruz. It encourages integrating different approaches to achieve collective advancement and self-reliance while responsibly utilizing available resources.Harold Crusehttps://drive.google.com/drive/folders/1hu97GJJgMWbdfZw6fb33wW57BhReENYIWilliam Julius Wilsonhttps://drive.google.com/drive/folders/1Dra3RpL4laiCco5O6g90cL3Arr0NHknI Here are some of the key highlights from the video:* **Financial Planning and Advice**: * It’s important to have a realistic financial plan that includes achievable goals. * Financial advice should be legitimate and from authorized sources, such as a financial planner. Be wary of scams, especially those targeting the Black community. * Consider how financial decisions impact the family, both positively and negatively, and plan ahead for emergencies. * Financial literacy and planning should be taught across generations.* **Seeking Professional Guidance**: * The video recommends seeking a financial advisor as soon as one has an income, even if it’s not substantial. * A financial advisor can provide personalized advice and create a financial plan tailored to individual circumstances.* **Utilizing Available Resources**: * Take advantage of free financial planning classes and programs offered by public libraries, community colleges, and Black organizations. * **Utilize tax-funded services and resources**, remembering that these are not “government handouts” but services paid for through taxes.* **Understanding Wealth Building**: * Wealth building doesn’t necessarily mean becoming a millionaire; it means saving more than you spend and building up savings and investments over time. * Be aware of cash flow planning, retirement income, Social Security benefits, disability insurance, living wills, and life insurance.* **Collective and Societal Level Strategies**: * Support Black organizations and institutions, but be aware that many receive government funding, which may influence their activities. * Be an informed voter, looking beyond popularity and jargon, and consider voting across party lines. * Contribute to Black community safety nets and preventive measures, focusing on building money, health resources, and school resources together while avoiding paranoia.* **Drawing on Black Intellectualism and History**: * The video references Harold Cruz’s cooperative plan, which drew from W.E.B. Du Bois’s cooperative economic plan.Interested in sponsoring the channel? Email OurBlackImprovement@gmail.com. $20k – $90K of business funding – https://mbcapitalsolutions.com/positive-vibes-consulting/ Money for your business: https://davidallencapital.com/equipment-financing?u=&u=PositiveVibes Money for Real Estate Investments: https://PositiveVibesFinancial.com Purify yourself, house, and environment to remain safe: https://www.vollara.com/PositiveVibes Invest in stocks via STASH: https://get.stashinvest.com/sekosq72j Fix your credit: https://positivevibes.myecon.net/my-credit-system/ Raise money with Republic: https://republic.com/raise/i/jpdajr Raise money with WeFunder: https://wefunder.com/sekovarner/raise