“There is a law called Rule 72 (72 divided by interest equals the number of years to double investment) which most people have never been taught. It’s also unfortunate that in America you can receive an elementary, high school and college education and never be taught Rule 72. If you earn 1% on your money, […]
Read the rest of this entry »Definitions Better Than Webster’s: Income vs. Wealth
“Income requires that you continue to work either for someone or yourself.” -From, “Black Economics: Solutions for Economic and Community Empowerment” By: Jawanza Kunjufu Tweet
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“I still regret that during the Montgomery bus boycott of 1955, our people didn’t understand that after 381 days of creating an alternative bus service, freedom should have also been defined in economic terms. We did not need to return back to riding their buses that were losing money because of our boycott. We should […]
Read the rest of this entry »Book Excerpt Of The Week: “Black Economics: Solutions for Economic and Community Empowerment” By: Jawanza Kunjufu
“In Africa, land was always recognized as belonging to the community. Each individual within our society had a right to use the land because otherwise he could not earn his living. One cannot have the right to life without also having the right to some means of maintaining life. The Africans right to land was […]
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“We need African American consumers to spend a minimum of 20% of their income with African American businesses and become debt free. We need parents to encourage their children to own a good business versus a good job.” -Jawanza Kunjufu Tweet
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“She was Queen and General of Angola. She was a military genius. Her favorite strategies were surprise attacks and infiltrating enemy ranks. The Portuguese were trying to control Angola. They were effectively using the theory of divide and conquer and were pitting Africans against Africans. Queen Nzingha took advantage of this and literally had more […]
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