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How To Create Generational Wealth -
This revised version of my critically-acclaimed book written in 2019, Get Rich While Black… without Being an Athlete, Entertainer or Drug Dealer was developed because of comments I received concerning the original version. Many people stated that the original book was too short. My normal reply was that the book had one purpose and one purpose only, to give Black Americans a viable option to becoming financially successful (millionaires) in America other than the difficult task of being an athlete, entertainer, or life of crime such as drug-dealing. I didn’t write the book to entertain the reader. I wrote a very short and concise, to the point, book to prompt Black people to read it and enable them to develop a viable plan to becoming financially successful in a very racist America. America has a system to keep Black people poor and dependent. I told people many times that if they wanted to be entertained, there were many books, records, and movies out there they could buy, but none to my knowledge could help them develop a plan to become rich. Also, I revised my book to include the latest NCAA Ruling (backed by the Supreme Court) that allows student-athletes to receive money for their image and likeness. That ruling will change the financial prospects of many Black families in America within a very short period of time.
Since students can get paid directly from sponsors, schools, and others, that income will translate into an increase in the median net worth of Black people as a whole. Most Black families have one or more athletes in their family. Sports is what we do. Black Americans are the best in the world and we excel in sports at a younger age. I estimate that students as young as 12 years old will start receiving a monthly sponsorship (income) from schools, major sporting goods companies (Nike, New Balance, Adidas, etc.) as well as money from sports agents who will pay them for a first-right-of-refusal to represent them in the future if they go pro. This should equate to millions or possibly billions of dollars going directly into the hands of Black families each year. No longer will Black parents have to foot the entire bill to keep their children in sports and they could also use the money to bolster the family budget and increase their overall quality of life.
