The Avg Black Household is Broke with a measly 40k Net Worth, you Satisfied

本站添加: 2026-05-30

[00:00:00]Hey guys, how's everyone doing this Wednesday evening? I hope everyone's day went well. I had a good day at work today. My district manager stopped by to do his monthly uh walkth through. Um no issues.

[00:00:15]Everything went as planned. No problems.

[00:00:18]You know, some things, you know, I got to improve on. You know, he's always going to find something. Um something me and my me and my um management team need to improve on, but small things. No big issues, you know, going to always find got to always find some improvements cuz, you know, we're not perfect. We can always improve on things. So, my day went quite well. Hope you guys' day went quite well. So, guys, I had some information shared with me today that when I look at these numbers, even though I know the numbers, the numbers are still disturbing to me. And these numbers were shared to me by Ken. Ken is a family member on the channel. Um, I I met Ken, started communicating with Ken from my nephew's channel, Fris Gabriel.

[00:01:02]Um, Ken gives Frisk a lot of great advice just on life and financial. And, uh, Ken seems to be Ken seems to be a very, very nice nice, knowledgeable guy in the financial world. So, thanks Ken for bringing this to my attention. Like I said, I knew the numbers, but it's nice to see other people looking at these numbers. And when I'm looking at these numbers, guys, it just makes me wonder why the black community don't have more of a sense of urgency to build wealth. What Ken shared shared with me, guys, was that the median household net worth for a black household is $40,000, guys. That's it. $40,000. That's the median net worth of a black household.

[00:01:53]$40,000.

[00:01:56]Guys, when I look at these when I see this these numbers, I don't understand why there's not more of a sense of urgency from the black community to build wealth. I just don't get it. Let's put this in perspective, guys. So, guys, this is my vet, right?

[00:02:12]This is my vet. It's a C7 2019, right?

[00:02:16]With 42,000 miles on it, guys. Guys, I can sell this car today for at least $45,000.

[00:02:26]This car is still a hot commodity. This car is still in demand. The C7s are still in demand. And if I wait out long enough, I probably could get $50,000 for it.

[00:02:43]But let's put this in perspective. I have more net worth in this car than the median household has altogether because I own this car. If I sell this car, all that money goes in my pocket, in my bank account.

[00:03:02]So, just think about that, guys. I can sell this car for $45,000 at least and make could get 50. This car is in still in demand, the C7 model. People love the C7 Corvettes.

[00:03:18]I' I've I'm a part of a couple Facebook groups of the C7s. Every day, individuals are on there posting. If you guys know anybody that's selling a C7, let me know. These cars are still a hot commodity. They are still heavily in demand. I can sell this car for $45 to $50,000 today. I have more net worth just in this car than the average black family has in their entire household.

[00:03:48]That's nuts, guys. That is absolutely nuts. But guys, you know, I've gotten on here before and given black individuals steps to build wealth. So, I'm not giving any more steps. I'm not going to do it anymore. But what I'm going to do is ask you guys, what are you going to do to build your wealth?

[00:04:12]Black individuals, if you don't have any wealth, what are you doing to build wealth? I'm just curious because there should be a sense of urgency from the black community to build wealth. We are on the bottom of the economic totem pole in terms of net worth. We don't have any worth. We don't have any net worth.

[00:04:37]Yeah, we got some billionaires. We got K, we got Jay-Z, Michael Jordan, they say Tyler Perry, you know, Oprah.

[00:04:49]But the majority of the black individuals, the average black individuals, they don't have any wealth. They don't have any.

[00:04:59]Collectively, we don't have any wealth.

[00:05:00]And guys, every black individual is not broke. Every black individual is not broke. Some of us are out out here getting to it and we are building wealth like myself. There's a lot of us who are apex predators like me. We out here jamming. We're getting it done. We're saving. We're investing. We got good careers. We're building our wealth.

[00:05:21]We're staying out of debt.

[00:05:24]But you guys who are not there yet, what are you guys doing? What are you guys going to do to get there? I just want to know if you guys just want to share the plan because I've been on here talking about wealth because the steps I talk about on this channel about building wealth, they're for everybody. They're just not for white people. They're for white people. They're for black people.

[00:05:47]They're for Hispanic people. They're for Asian people. Whoever wants to take those steps and put those steps into into action to build wealth. You know why I've been able to build wealth?

[00:05:58]Because I've been intentional about my wealth building. I've been intentional about my wealth building.

[00:06:06]I've always not had wealth, guys. I've always not hel had wealth before. So, if you guys want to come in my comments and be like, "Oh, everybody's not you."

[00:06:15]Blah, blah, blah. I've been broke. I decided I didn't want to be broke anymore. And I and I set goals and devised a plan to escape that situation.

[00:06:25]I want to know what you guys are going to do to escape your situation. I had a guy in my comments today from my from my video a couple days ago um about black people not want to build wealth. You know, this gentleman said Travis Hunter, a professional football player, he said Travis Hunter just signed a $60 million contract with the Jacksonville Jaguars.

[00:06:50]Everybody's not broke.

[00:06:53]I said, "What?

[00:06:55]I'm not talking about no damn athletes dummy. I'm not talking about no athletes. I get on here talking to the average person, black or white. I'm not on here talking about some damn athletes with million-dollar contracts. What is the average person going to do to build wealth? What is the average person going to do to build wealth? I'm not talking about some athletes with millions of dollars worth of contracts.

[00:07:22]I'm like, you equating I'm talking about average black people and you get on in the comments and say some athlete has a $60 million contract.

[00:07:33]Everybody ain't broke. I'm sorry to tell you the majority of black folks are broke. The majority are broke. There's a small percentage of us that's out here like me, we are a big number, but compared to the whole race, we're a small number.

[00:07:51]There's some of us out here that's getting it. There's some of us out here that's getting it. We're getting it.

[00:07:58]We're doing what we have to do to build our wealth. But you got to be intentional. You got to have a plan. You got to take the steps. You got to take action. You got to be committed. You got to have some dedication because this is not easy. Building wealth is not easy. So guys, tell me in the comments, what are you doing to build your wealth?

[00:08:23]If you don't have any wealth, what are you doing to build wealth, guys?

[00:08:28]Guys, this is not 10, 20, 30 years ago.

[00:08:31]You can start bu you can start building wealth with an ETF for 60 bucks. It's not that hard, guys. It is not that hard. Let's get rid of the excuses, take accountability, and start building wealth today. So, you guys have a great night. This is Frank. I'm out here.