Buy Black Podcast | The Voice of Black Business

Buy Black Podcast | The Voice of Black Business

By Gerald W Jones IIBusiness
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  • 024: Buy Black Podcast Blueprint for 2018
    What You Can Expect From Me Focused Interview Format
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    Where I Expect to Be December 31st 2018
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    39 min
  • 023: Martin Luther King - I've Been to the Mountain Top
    Happy Dr. Martin Luther King Jr. Day!

    Today, I want us to take some time to reflect on what Dr. King really stood for. The American education system and the media only focus on the I Have a Dream speech given on the steps of the Lincoln Memorial, but that message was not the entirety of Dr. King's message. The speech we will hear today and which is transcribed below was actually the last that Martin Luther King Jr. delivered in his life. It was given in Tennessee, supporting the Memphis Sanitation Workers' Strike the day before his assassination.

    The audience is much different from the millions who were listening to I Have a Dream in 1963, and the message is much more specific and directed to the Black Community as well. I hope this touches, motivates, and invigorates your spirit as deeply as it did mine. Thank you for sharing this moment with me.

    God bless.

    Dr. Martin Luther King Jr. - Memphis, TN - April 3, 1968

    [Text transcribed directly from audio]

    Thank you very kindly, my friends. As I listened to Ralph Abernathy and his eloquent and generous introduction and then thought about myself, I wondered who he was talking about. It's always good to have your closest friend and associate to say something good about you. And Ralph Abernathy is the best friend that I have in the world. I'm delighted to see each of you here tonight in spite of a storm warning. You reveal that you are determined to go on anyhow.

    Something is happening in Memphis; something is happening in our world. And you know, if I were standing at the beginning of time, with the possibility of taking a kind of general and panoramic view of the whole of human history up to now, and the Almighty said to me, "Martin Luther King, which age would you like to live in?" I would take my mental flight by Egypt and I would watch God's children in their magnificent trek from the dark dungeons of Egypt through, or rather across the Red Sea, through the wilderness on toward the promised land. And in spite of its magnificence, I wouldn't stop there.

    I would move on by Greece and take my mind to Mount Olympus. And I would see Plato, Aristotle, Socrates, Euripides and Aristophanes assembled around the Parthenon. And I would watch them around the Parthenon as they discussed the great and eternal issues of reality. But I wouldn't stop there.

    I would go on, even to the great heyday of the Roman Empire. And I would see developments around there, through various emperors and leaders. But I wouldn't stop there.

    I would even come up to the day of the Renaissance, and get a quick picture of all that the Renaissance did for the cultural and aesthetic life of man. But I wouldn't stop there.

    I would even go by the way that the man for whom I am named had his habitat. And I would watch Martin Luther as he tacked his Ninety-five Theses on the door at the Church of Wittenberg. But I wouldn't stop there.

    I would come on up even to 1863, and watch a vacillating President by the name of Abraham Lincoln finally come to the conclusion that he had to sign the Emancipation Proclamation. But I wouldn't stop there.

    I would even come up to the early thirties, and see a man grappling with the problems of the bankruptcy of his nation. And come with an eloquent cry that We Have Nothing to Fear but "Fear Itself." But I wouldn't stop there.

    Strangely enough, I would turn to the Almighty, and say, "If you allow me to live just a few years in the second half of the 20th century, I will be happy."

    Now that's a strange statement to make, because the world is all messed up. The nation is sick. Trouble is in the land; confusion all around. That's a strange statement. But I know, somehow, that only when it is dark enough can you see the stars. And I see God working in this period of the twentieth century in a way that men, in some strange way, are responding.

    Something is happening in our world.

    The masses of people are rising up. And wherever they are assembled today, whether they are in Johannesburg, South Africa; Nairobi, Kenya; Accra, Ghana; New York City; Atlanta, Georgia; Jackson, Mississippi; or Memphis, Tennessee -- the cry is always the same: "We want to be free."

    And another reason that I'm happy to live in this period is that we have been forced to a point where we are going to have to grapple with the problems that men have been trying to grapple with through history, but the demands didn't force them to do it. Survival demands that we grapple with them. Men, for years now, have been talking about war and peace. But now, no longer can they just talk about it. It is no longer a choice between violence and nonviolence in this world; it's nonviolence or nonexistence. That is where we are today.

    And also in the human rights revolution, if something isn't done, and done in a hurry, to bring the colored peoples of the world out of their long years of poverty, their long years of hurt and neglect, the whole world is doomed. Now, I'm just happy that God has allowed me to live in this period to see what is unfolding. And I'm happy that He's allowed me to be in Memphis.

    I can remember -- I can remember when Negroes were just going around as Ralph has said, so often, scratching where they didn't itch, and laughing when they were not tickled. But that day is all over. We mean business now, and we are determined to gain our rightful place in God's world.

    And that's all this whole thing is about. We aren't engaged in any negative protest and in any negative arguments with anybody. We are saying that we are determined to be men. We are determined to be people. We are saying -- We are saying that we are God's children. And that we are God's children, we don't have to live like we are forced to live.

    Now, what does all of this mean in this great period of history? It means that we've got to stay together. We've got to stay together and maintain unity. You know, whenever Pharaoh wanted to prolong the period of slavery in Egypt, he had a favorite, favorite formula for doing it. What was that? He kept the slaves fighting among themselves. But whenever the slaves get together, something happens in Pharaoh's court, and he cannot hold the slaves in slavery. When the slaves get together, that's the beginning of getting out of slavery. Now let us maintain unity.

    Secondly, let us keep the issues where they are.

    The issue is injustice.

    The issue is the refusal of Memphis to be fair and honest in its dealings with its public servants, who happen to be sanitation workers. Now, we've got to keep attention on that. That's always the problem with a little violence. You know what happened the other day, and the press dealt only with the window-breaking. I read the articles. They very seldom got around to mentioning the fact that one thousand, three hundred sanitation workers are on strike, and that Memphis is not being fair to them, and that Mayor Loeb is in dire need of a doctor. They didn't get around to that.

    Now we're going to march again, and we've got to march again, in order to put the issue where it is supposed to be -- and force everybody to see that there are thirteen hundred of God's children here suffering, sometimes going hungry, going through dark and dreary nights wondering how this thing is going to come out. That's the issue. And we've got to say to the nation: We know how it's coming out. For when people get caught up with that which is right and they are willing to sacrifice for it, there is no stopping point short of victory.

    We aren't going to let any mace stop us. We are masters in our nonviolent movement in disarming police forces; they don't know what to do. I've seen them so often. I remember in Birmingham, Alabama, when we were in that majestic struggle there, we would move out of the 16th Street Baptist Church day after day; by the hundreds we would move out. And Bull Connor would tell them to send the dogs forth, and they did come; but we just went before the dogs singing, "Ain't gonna let nobody turn me around."

    Bull Connor next would say, "Turn the fire hoses on." And as I said to you the other night, Bull Connor didn't know history. He knew a kind of physics that somehow didn't relate to the transphysics that we knew about. And that was the fact that there was a certain kind of fire that no water could put out. And we went before the fire hoses; we had known water. If we were Baptist or some other denominations, we had been immersed. If we were Methodist, and some others, we had been sprinkled, but we knew water. That couldn't stop us.

    And we just went on before the dogs and we would look at them; and we'd go on before the water hoses and we would look at it, and we'd just go on singing "Over my head I see freedom in the air." And then we would be thrown in the paddy wagons, and sometimes we were stacked in there like sardines in a can. And they would throw us in, and old Bull would say, "Take 'em off," and they did; and we would just go in the paddy wagon singing, "We Shall Overcome." And every now and then we'd get in jail, and we'd see the jailers looking through the windows being moved by our prayers, and being moved by our words and our songs. And there was a power there which Bull Connor couldn't adjust to; and so we ended up transforming Bull into a steer, and we won our struggle in Birmingham. Now we've got to go on in Memphis just like that. I call upon you to be with us when we go out Monday.

    Now about injunctions:

    We have an injunction and we're going into court tomorrow morning to fight this illegal, unconstitutional injunction. All we say to America is, "Be true to what you said on paper." If I lived in China or even Russia, or any totalitarian country, maybe I could understand some of these illegal injunctions. Maybe I could understand the denial of certain basic First Amendment privileges, because they hadn't committed themselves to that over there. But somewhere I read of the freedom of assembly. Somewhere I read of the freedom of speech. Somewhere I read of the freedom of press. Somewhere I read that the greatness of America is the right to protest for right. And so just as I say, we aren't going to let dogs or water hoses turn us around, we aren't going to let any injunction turn us around. We are going on.

    We need all of you. And you know what's beautiful to me is to see all of these Ministers of the Gospel. It's a marvelous picture. Who is it that is supposed to articulate the longings and aspirations of the people more than the preacher? Somehow the preacher must have a kind of fire shut up in his bones. And whenever injustice is around he tell it. Somehow the preacher must be an Amos, and saith, "When God speaks who can but prophesy?" Again with Amos, "Let justice roll down like waters and righteousness like a mighty stream." Somehow the preacher must say with Jesus, "The Spirit of the Lord is upon me, because he hath anointed me," and he's anointed me to deal with the problems of the poor."

    And I want to commend the preachers, under the leadership of these noble men: James Lawson, one who has been in this struggle for many years; he's been to jail for struggling; he's been kicked out of Vanderbilt University for this struggle, but he's still going on, fighting for the rights of his people. Reverend Ralph Jackson, Billy Kiles; I could just go right on down the list, but time will not permit. But I want to thank all of them. And I want you to thank them, because so often, preachers aren't concerned about anything but themselves. And I'm always happy to see a relevant ministry.

    It's all right to talk about "long white robes over yonder," in all of its symbolism. But ultimately people want some suits and dresses and shoes to wear down here! It's all right to talk about "streets flowing with milk and honey," but God has commanded us to be concerned about the slums down here, and his children who can't eat three square meals a day. It's all right to talk about the new Jerusalem, but one day, God's preacher must talk about the new New York, the new Atlanta, the new Philadelphia, the new Los Angeles, the new Memphis, Tennessee. This is what we have to do.

    Now the other thing we'll have to do is this:

    Always anchor our external direct action with the power of economic withdrawal.

    Now, we are poor people. Individually, we are poor when you compare us with white society in America. We are poor. Never stop and forget that collectively -- that means all of us together -- collectively we are richer than all the nations in the world, with the exception of nine. Did you ever think about that? After you leave the United States, Soviet Russia, Great Britain, West Germany, France, and I could name the others, the American Negro collectively is richer than most nations of the world. We have an annual income of more than thirty billion dollars a year, which is more than all of the exports of the United States, and more than the national budget of Canada. Did you know that? That's power right there, if we know how to pool it.

    We don't have to argue with anybody. We don't have to curse and go around acting bad with our words. We don't need any bricks and bottles. We don't need any Molotov cocktails. We just need to go around to these stores, and to these massive industries in our country, and say,

    "God sent us by here, to say to you that you're not treating his children right. And we've come by here to ask you to make the first item on your agenda fair treatment, where God's children are concerned. Now, if you are not prepared to do that, we do have an agenda that we must follow. And our agenda calls for withdrawing economic support from you."

    And so, as a result of this, we are asking you tonight, to go out and tell your neighbors not to buy Coca-Cola in Memphis. Go by and tell them not to buy Sealtest milk. Tell them not to buy -- what is the other bread? -- Wonder Bread. And what is the other bread company, Jesse? Tell them not to buy Hart's bread. As Jesse Jackson has said, up to now, only the garbage men have been feeling pain; now we must kind of redistribute the pain. We are choosing these companies because they haven't been fair in their hiring policies; and we are choosing them because they can begin the process of saying they are going to support the needs and the rights of these men who are on strike. And then they can move on town -- downtown and tell Mayor Loeb to do what is right.

    But not only that, we've got to strengthen black institutions. I call upon you to take your money out of the banks downtown and deposit your money in Tri-State Bank. We want a "bank-in" movement in Memphis. Go by the savings and loan association. I'm not asking you something that we don't do ourselves at SCLC. Judge Hooks and others will tell you that we have an account here in the savings and loan association from the Southern Christian Leadership Conference. We are telling you to follow what we are doing. Put your money there. You have six or seven black insurance companies here in the city of Memphis. Take out your insurance there. We want to have an "insurance-in."

    Now these are some practical things that we can do. We begin the process of building a greater economic base. And at the same time, we are putting pressure where it really hurts. I ask you to follow through here.

    Now, let me say as I move to my conclusion that we've got to give ourselves to this struggle until the end. Nothing would be more tragic than to stop at this point in Memphis. We've got to see it through. And when we have our march, you need to be there. If it means leaving work, if it means leaving school -- be there. Be concerned about your brother. You may not be on strike. But either we go up together, or we go down together.

    Let us develop a kind of dangerous unselfishness.

    One day a man came to Jesus, and he wanted to raise some questions about some vital matters of life. At points he wanted to trick Jesus, and show him that he knew a little more than Jesus knew and throw him off base....

    Now that question could have easily ended up in a philosophical and theological debate. But Jesus immediately pulled that question from mid-air, and placed it on a dangerous curve between Jerusalem and Jericho. And he talked about a certain man, who fell among thieves. You remember that a Levite and a priest passed by on the other side. They didn't stop to help him. And finally a man of another race came by. He got down from his beast, decided not to be compassionate by proxy. But he got down with him, administered first aid, and helped the man in need. Jesus ended up saying, this was the good man, this was the great man, because he had the capacity to project the "I" into the "thou," and to be concerned about his brother.

    Now you know, we use our imagination a great deal to try to determine why the priest and the Levite didn't stop. At times we say they were busy going to a church meeting, an ecclesiastical gathering, and they had to get on down to Jerusalem so they wouldn't be late for their meeting. At other times we would speculate that there was a religious law that "One who was engaged in religious ceremonials was not to touch a human body twenty-four hours before the ceremony." And every now and then we begin to wonder whether maybe they were not going down to Jerusalem -- or down to Jericho, rather to organize a "Jericho Road Improvement Association." That's a possibility. Maybe they felt that it was better to deal with the problem from the causal root, rather than to get bogged down with an individual effect.

    But I'm going to tell you what my imagination tells me. It's possible that those men were afraid. You see, the Jericho road is a dangerous road. I remember when Mrs. King and I were first in Jerusalem. We rented a car and drove from Jerusalem down to Jericho. And as soon as we got on that road, I said to my wife, "I can see why Jesus used this as the setting for his parable." It's a winding, meandering road. It's really conducive for ambushing. You start out in Jerusalem, which is about 1200 miles -- or rather 1200 feet above sea level. And by the time you get down to Jericho, fifteen or twenty minutes later, you're about 2200 feet below sea level. That's a dangerous road. In the days of Jesus it came to be known as the "Bloody Pass." And you know, it's possible that the priest and the Levite looked over that man on the ground and wondered if the robbers were still around. Or it's possible that they felt that the man on the ground was merely faking. And he was acting like he had been robbed and hurt, in order to seize them over there, lure them there for quick and easy seizure. And so the first question that the priest asked -- the first question that the Levite asked was, "If I stop to help this man, what will happen to me?" But then the Good Samaritan came by. And he reversed the question: "If I do not stop to help this man, what will happen to him?"

    That's the question before you tonight.

    Not, "If I stop to help the sanitation workers, what will happen to my job. Not, "If I stop to help the sanitation workers what will happen to all of the hours that I usually spend in my office every day and every week as a pastor?" The question is not, "If I stop to help this man in need, what will happen to me?" The question is, "If I do not stop to help the sanitation workers, what will happen to them?" That's the question.

    Let us rise up tonight with a greater readiness. Let us stand with a greater determination. And let us move on in these powerful days, these days of challenge to make America what it ought to be. We have an opportunity to make America a better nation. And I want to thank God, once more, for allowing me to be here with you.

    You know, several years ago, I was in New York City autographing the first book that I had written. And while sitting there autographing books, a demented black woman came up. The only question I heard from her was, "Are you Martin Luther King?" And I was looking down writing, and I said, "Yes." And the next minute I felt something beating on my chest. Before I knew it I had been stabbed by this demented woman. I was rushed to Harlem Hospital. It was a dark Saturday afternoon. And that blade had gone through, and the X-rays revealed that the tip of the blade was on the edge of my aorta, the main artery. And once that's punctured, your drowned in your own blood -- that's the end of you.

    It came out in the New York Times the next morning, that if I had merely sneezed, I would have died. Well, about four days later, they allowed me, after the operation, after my chest had been opened, and the blade had been taken out, to move around in the wheel chair in the hospital. They allowed me to read some of the mail that came in, and from all over the states and the world, kind letters came in. I read a few, but one of them I will never forget. I had received one from the President and the Vice-President. I've forgotten what those telegrams said. I'd received a visit and a letter from the Governor of New York, but I've forgotten what that letter said. But there was another letter that came from a little girl, a young girl who was a student at the White Plains High School. And I looked at that letter, and I'll never forget it. It said simply,

    "Dear Dr. King,

    I am a ninth-grade student at the White Plains High School."

    And she said,

    "While it should not matter, I would like to mention that I'm a white girl. I read in the paper of your misfortune, and of your suffering. And I read that if you had sneezed, you would have died. And I'm simply writing you to say that I'm so happy that you didn't sneeze."

    And I want to say tonight -- I want to say tonight that I too am happy that I didn't sneeze. Because if I had sneezed, I wouldn't have been around here in 1960, when students all over the South started sitting-in at lunch counters. And I knew that as they were sitting in, they were really standing up for the best in the American dream, and taking the whole nation back to those great wells of democracy which were dug deep by the Founding Fathers in the Declaration of Independence and the Constitution.

    If I had sneezed, I wouldn't have been around here in 1961, when we decided to take a ride for freedom and ended segregation in inter-state travel.

    If I had sneezed, I wouldn't have been around here in 1962, when Negroes in Albany, Georgia, decided to straighten their backs up. And whenever men and women straighten their backs up, they are going somewhere, because a man can't ride your back unless it is bent.

    If I had sneezed -- If I had sneezed I wouldn't have been here in 1963, when the black people of Birmingham, Alabama, aroused the conscience of this nation, and brought into being the Civil Rights Bill.

    If I had sneezed, I wouldn't have had a chance later that year, in August, to try to tell America about a dream that I had had.

    If I had sneezed, I wouldn't have been down in Selma, Alabama, to see the great Movement there.

    If I had sneezed, I wouldn't have been in Memphis to see a community rally around those brothers and sisters who are suffering.

    I'm so happy that I didn't sneeze.

    And they were telling me --. Now, it doesn't matter, now. It really doesn't matter what happens now. I left Atlanta this morning, and as we got started on the plane, there were six of us. The pilot said over the public address system, "We are sorry for the delay, but we have Dr. Martin Luther King on the plane. And to be sure that all of the bags were checked, and to be sure that nothing would be wrong with on the plane, we had to check out everything carefully. And we've had the plane protected and guarded all night."

    And then I got into Memphis. And some began to say the threats, or talk about the threats that were out. What would happen to me from some of our sick white brothers?

    Well, I don't know what will happen now. We've got some difficult days ahead. But it really doesn't matter with me now, because I've been to the mountaintop.

    And I don't mind.

    Like anybody, I would like to live a long life. Longevity has its place. But I'm not concerned about that now. I just want to do God's will. And He's allowed me to go up to the mountain. And I've looked over. And I've seen the Promised Land. I may not get there with you. But I want you to know tonight, that we, as a people, will get to the promised land!

    And so I'm happy, tonight.

    I'm not worried about anything.

    I'm not fearing any man!

    Mine eyes have seen the glory of the coming of the Lord!!

    49 min
  • 022: How to Start a Drop Shipping Business with Rashida Hawthorne
    Lay the Foundation for Your Empire with a Drop Shipping Business

    Do you want to start your own business, but don’t feel ready to take such a big risk. Finding a product, buying inventory, advertising…the process can be overwhelming.  My guest Started a Drop Shipping Business to lower her risk and get her first business off the ground.

    Join us, as Rashida explains how she used the profits from her Hover Board Drop Shipping Business to launch Glambulb, the perfect lightbulb for makeup application.

    Both the Drop Shipping Business and Glambulb are tools Rashida is using to work toward her ultimate goal. Building an entrepreneurial empire that changes the Christian Entertainment Industry.

    This episode lays out the steps you can take to build your empire, starting with a Drop Shipping Product and ending at Your Dream Business.

    1. Find a product that is high quality, very popular (preferably trending), and reasonably expensive.
    2. Find a manufacturer who supports the Drop Shipping Business Model.
    3. Negotiate your pricing.
    4. Build your Online Storefront; Shopify has one of the best platforms for this.
    5. Start Selling!
    Drop Shipping Businesses Are a Favorite for Beginning Entrepreneurs

    You’re able to sell pretty expensive products at high profit margins, with almost no startup costs! The best part, especially for people with low or no capital, is that you don’t own or have to store inventory!  Your customers buy from your website, your manufacturer stores and ships the products, and you collect the profits from the transaction.  It doesn’t get much easier than that!

    It’s going to take more of us starting small businesses like this to build Economic Power in the Black Community.  Every new profitable business we start is another step toward true independence and equality.  It’s time to leave the sidelines and check into the game.  Get your Business Plan together Setup Your LLC, and make something happen.  The market is waiting for you!

    Use our Buy Black Business Resources to help you get started!

    Connect With Rashida

    [email protected]

    www.glambulb.com

    Connect With Me

    [email protected]

    +15017030363

    Facebook/Twitter/Instagram: @buyblackpodcast

    56 min
  • 021: How to Make the New Tax Law Work For You

    Make the New Tax Law Work For You

    In this episode, I break down most of the new provisions in the Tax Cuts and Jobs Act of 2017. 

    • Recording from 1981 Lee Atwater explaining the context of “The Southern Strategy” that Reagan used to beat Jimmy Carter.
      • Specifically, how you get the racist vote in a time when you can’t say overtly racist things.
      • Gives the coded language example of “Cutting Taxes” as the dog whistle for racists, knowing that these and similar policies will hurt black people more than white people.
      • This allows the Republican to court the racist voter without overtly claiming to be racist

     

    • Breaking Down the Tax Law for Individuals
      • # of tax brackets didn’t change
        • Rates temporarily drop for all but the lowest bracket
      • Standard deduction doubled
        • Families are less likely to benefit from itemizing
      • No more Personal Exemption
        • $4150 exemption for you and each dependent is gone
        • Family with three or more kids will lose more than they gain in rate cut
      • Child tax credit raised from $1000 to $2000
        • Only $1400 refundable
        • Other $600 only applies to reduce your liability if you owe taxes
        • Credit applies to incomes up to $400,000
        • Formerly only $110,000…benefit to upper-middle class
      • Added $500 credit for non-child dependents
        • College students, elderly parents, etc.
      • Cap on State and Local Tax Deduction ($10,000)
        • Will affect people in high-tax states most
      • Mortgage Interest Deduction on new debt capped at $750,000 (was $1,000,000)
        • No effect on existing mortgages
      • Student Loan interest still deductible $2500
      • Medical Expenses over 7.5% of your Adjusted Gross Income is deductible
        • Formerly had to surpass 10%
      • Teachers can still deduct up to $250 in supplies expenses
      • Electric Car tax credit still $7500
        • Only offered on first 200,000 cars sold by each manufacturer
        • Running out of time for buying from GM, Nissan, Tesla
      • No change in tax break for selling your home
      • 529 Savings can be used for private school tuition
        • Up to $10,000
      • Alimony tax deduction goes away
        • Applies to separation and divorce paperwork filed after 31 December 2018
      • Disaster deduction now only applies if loss occurred in official National Disaster
      • No moving expense, tax prep, bicycle commuter deductions
      • Individual Mandate penalty reduced to $0
        • Effectively repealed
      • Changes how inflation is gauged for tax purposes
        • From CPI-U to Chain Weighted CPI-U
        • Considered more accurate because it accounts for spending adjustments make in the face of higher prices
        • Potential for Bracket Creep
      • Key Provisions for Businesses
        • Top marginal rate for C-Corporations permanently dropped from 35% to 21%
        • Pass through companies taxes go by owners’ personal tax rates
          • Law adds 20% deduction for pass through income
          • Applies to all business owners with personal income below $157,500 ($315,000 Married Filing Jointly)
          • Affects income tax but not self-employment tax
          • Certain professional services with incomes over the threshold are excluded from receiving the 20% deduction
            • Legal, Accounting, Health, and others
            • These firms may consider tax structure changes to C-Corp depending on their financial realities

    Note: Check out BuyBlack Podcast Episode 004-C, to review the advantages & disadvantages of different legal & tax business structures

    https://buyblackpodcast.com/podcast/solo/choosing-legal-business-structure/

    • More Businesses qualify for cash-based accounting versus the GAAP standard of accrual-based accounting (up from $5M in gross receipts to $25M)
    • This is less accurate for judging a business’ solvency, but simpler and more accurate at seeing how much cash a business has on hand today.

    The catch to all of this is that most of the personal tax cuts and provisions expire in 2025 while the corporate cuts are permanent.  This tax law gives us a small peek into how the game is played…if we’re paying close enough attention.

    • GOP anticipating being able to ride the “low taxes” wave into a 2020 re-election for #45
    • This law keeps the low taxes through the presumed second term, then ends them in January 2025, just as the new president (who we can tell they are expecting to be a Democrat) takes office
    • Then, as taxes skyrocket and the economy crashes they can blame it on the “failing” Democrat president.
      • They will leverage that to try to pickup up some of the Congressional seats that they will inevitably lose over the coming seven years, and hope the story sticks long enough to win back the White House in 2028.

    We should always be looking at the long game and how moves made today setup the chess board for the future.  I guarantee you, that’s how the people in Washington put things together, so it’s in our best interest to look at their moves through their eyes.

     

    How can you, I, we work this new law to our advantage

    • Take advantage of the 529 Savings Plan for private school
    • Start a small business as a side hustle
      • Sole Proprietorship, Partnership, LLC, or S-Corp
      • See BuyBlack Podcast Episode 004-D for tips to help you get started

    https://buyblackpodcast.com/podcast/solo/set-up-your-llc/

      • The BuyBlack Resource List has over 200 links to sites that can help you build and grow your business as well.

    https://buyblackpodcast.com/buy-black-business-resources/

    • Convert your profitable professional services company from a pass through to a C-Corp
      • Check with your lawyer and accountant to see if this is best for your specific business and circumstances. Do not take my word…I am not a professional…this is not legal, financial, or tax advice

     

    How “We” Beat this System Designed to “Hurt Blacks more than Whites”

    • Recognize that this is all a game
      • You can’t win a game that you don’t know is being played
      • This is a huge part of “consciousness”
        • Being aware of the levers, pulleys, and systems in motion all around you and learning how the gears work
      • Once you recognize the game, you learn the rules and how it is intended to be played
        • Figure out how to make those rules work in your favor, then dominate the board
      • This is basically The Matrix
        • That whole movie was essentially a lesson on unleashing the intense power that we each have when we wake up and become conscious of the power systems moving the world forward
      • Right now, the rules are being rewritten to heavily favor the producer, the creator, the owner
        • To benefit, you must define yourself as a producer.
        • You must create value for the market.
        • You must build and own things with appreciating value.

    It just so happens, that is exactly what this podcast exists to promote in our community

    • We are currently America’s biggest consumers; its most loyal employees; its least successful entrepreneurs
    • This is why using coded phrases like “tax cuts”, “tough on crime” and “reducing entitlements” can actually speak to racists AND accomplish what they want…to implement policies that disproportionately harm our community
    • When we learn the rules to this game, then use the existing structure to move our community from net consumption to net production, none of those things will hurt us. In fact, they will help us more than the majority because of our smaller population
    • This is how Davis slays Goliath.
      • He is smaller, more agile, quicker to react, adjust, switch tactics, and use weapons of opportunity
    • We must become a community of economic Davids

    Disclaimer: I am not a Tax Attorney (or any kind of Attorney) and I am not an Accountant.  This is not Tax Advice or Financial Advice.  It’s just information.  Please speak to one of the aforementioned experts before making ANY decisions based on the information you get from this episode.

    Resources:

    If you have a website of any kind, you want to hire Ratel SEO to help you get found. 

    https://ratelseo.com/

    Don’t waste another day living on the fifth or sixth page of Google, Bing, or Yahoo.  Darrin is a real life SEO wizard and he will get you set and teach you so much along the way.

    If you’re ready to get your business started, listen to BuyBlack Podcast Episodes 004A-004D. 

    https://buyblackpodcast.com/podcast/004-three-things-need-start-business/

    They’re relatively short and packed full of information to start you on the right track.  If you have questions, I’m always available to help.

    Email me at [email protected] or you can call 501-703-0363 to connect with me by phone.

    Thanks for listening!

    1 hr 31 min
  • 020: Understanding and Applying Prosperity Economics Principles with Curtis May

    In this episode, Curtis May interviews me for his podcast, The Practical Wealth Show. Curtis and I connected for the first time a few weeks ago, and after spending almost three hours talking shop we knew two things.  1. We should have hit record as soon as we connected and 2. We've got to get our respective messages to each others' audiences.

    We hit a lot of great points in this show from the ability to generate your own power to investing in business ownership over the stock market.  Curtis also scratches the surface of explaining and applying Prosperity Economics concepts in your wealth-building strategies.

    If you like what you hear you can learn more by downloading the free ebook, "Financial Planning Has Failed" from:

    http://my.officevp.com/p/38522?mid=12467

    Or you can schedule a free 15 Minute consultation with Curtis at:

    http://my.officevp.com/p/38523?mid=12467

    Get more episodes, and find links to over 200 VERIFIED & ORGANIZED Resource Links broken into 25 Categories to help you find anything you need for business, job growth, education, professional networks, financing, and of course, Buying from Black-Owned Businesses at buyblackpodcast.com.

    As always, you can connect with me on Facebook, Twitter, and Instagram: @buyblackpodcast

    Or at my new email address: [email protected]

    ([email protected] is still valid as well...it forwards to the above)

    Thanks for listening!

    1 hr 12 min
  • 019: Leveraging Influencer Marketing to Promote Your Business

    Listen as Jamel talks about overcoming the losses of his two sisters and taking lessons from their lives to found the Faith Is Fuel movement.

    Check out www.FIFShades.com.

    Connect with Jamel to learn about his products and how you can help him with the FIF Gives Back Program at: [email protected] or 402-320-0557

    FB or IG: @FIFShades

    Get more episodes, and find links to over 200 VERIFIED & ORGANIZED Resource Links broken into 25 Categories to help you find anything you need for business, job growth, education, professional networks, financing, and of course, Buying from Black-Owned Businesses at buyblackpodcast.com.

    Connect with me and the BuyBlack Podcast Community at:

    [email protected] or 501-765-3998

    FB, IG, or Twitter: @buyblackpodcast

    1 hr 20 min
  • 018: How to Build Your Private Label Brand Selling on Amazon

    If you've ever considered creating and marketing your own brand of products, this episode is for you.  Today, we discuss the three main business models that companies use to sell on Amazon (retail arbitrage, private labeling, and wholesale), and walk through the steps to create and build your own product brand online.  We also talk about vertical integration vs. horizontal integration and the importance of each in building value in your brand and your business.  We close by pulling it all together with a case example using the exotic pet supplies market niche.  This episode is full of gold nuggets.  Don't miss it.

    Get more episodes, and find links to over 200 VERIFIED & ORGANIZED Resource Links broken into 25 Categories to help you find anything you need for business, job growth, education, professional networks, financing, and of course, Buying from Black-Owned Businesses at buyblackpodcast.com.

    Want to learn more about this? Connect with me: Email: [email protected]

    FB/IG/Twitter: @buyblackpodcast Or join the BuyBlack Podcast Community Group on Facebook: https://www.facebook.com/groups/153161585233467/?ref=bookmarks

     

    1 hr 12 min
  • 017: 22 Black Owned Businesses to Buy from This Holiday Season

    This episode is purely about supporting Black Owned Businesses this Holiday Season.  I bring you 22 companies with unique products and services that are excellent gift ideas for each of your friends and family members.  Listen to the show, connect with these businesses, and become the gift hero of your circle in 2017. Join BuyBlack Podcast Community Facebook Group & Share Links to Black Owned Businesses You're Supporting this year.

    Get more episodes, and find links to over 200 VERIFIED & ORGANIZED Resource Links broken into 25 Categories to help you find anything you need for business, job growth, education, professional networks, financing, and of course, Buying from Black-Owned Businesses at buyblackpodcast.com.

    https://www.facebook.com/groups/153161585233467/?ref=bookmarks 

    Schedule a Recording Session with me to promote Your Business on the show 

    https://buyblackpodcast.com/appointments

    22 Black Owned Businesses You Want to Buy From 

    GEMBLENDER - "Welcome to the new #GEMeration." http://www.gemblender.com 

    Nature Boy Grooming Products - "Feel fresh before stepping out to take on the world." http://natureboyproducts.com/ 

    Bevel Grooming Products - "'Good Enough' Wasn't Good Enough" https://getbevel.com/ 

    Bolden Skin Care Products - "Take your daily routine to THE NEXT LEVEL" https://www.boldenusa.com/ 

    MyBestBox - "Happiness is the highest form of health."https://www.mybestbox.com 

    Civilian Force Arms - "Quality, Precision, Reliability" https://civilianforcearms.com

    Spring Break Watches - "Increase Solidarity, Strengthen and Build, Unite and Amplify"https://www.springbreakwatches.com/ 

    de·fine·me GREEK - "More than an Apparel Company - It's a Movement!"https://define-me-greek.myshopify.com/ 

    Audacity Tees - "For the potty mouthed, audacious, righteous nerds in the world" https://shop.spreadshirt.com/audacitytees/ 

    Vita Shoes Company - "Community. Affordability. Quality."http://www.vitashoesco.com/ 

    Banneker Watches & Clocks - "Wear the History...Share the History"http://www.bannekerstore.com/ 

    FIFShades - "The Future of Eyewear is Here" https://www.fifshades.com/ 

    N-Deed Regime - "Elegance at Its Best" http://ndeedregime.bigcartel.com/ 

    Dapper Black Box - "The First and Only Subscription Service for the Conscious Gentleman" http://www.dapperblackbox.com/ 

    beingU - "Nude Lingerie Designed with Your Body in Mind" http://beingu.me/ 

    Naturally Perfect Dolls - "It's time for our young girls to have a new standard" https://meisiepedia.myshopify.com/ 

    Natural Girls United - "Our Beauty Recognized..."http://www.naturalgirlsunited.com/ 

    Phoenix Deep Rooted Organics - "The Rebirth of Healthy Hair"https://www.phoenixdeeprooted.com/ 

    Curls, Twists, Coils & Kinks Magazine - "The haircare magazine for textured naturals" http://ctckmagazine.com/ 

    Mike D's BBQ - "Throw Some D's On It" https://www.mikedsbbq.com/ 

    Noirbnb - "The Future of Black Travel" http://noirbnb.com/ 

    Innclusive - "Be Yourself" https://www.innclusive.com/ 

    Airfordable - "On a Mission to Democratize Travel" https://www.airfordable.com/    

     

    1 hr 22 min
  • 016: How the Black Community Can Become a Political and Economic Powerhouse

    This episode has been a long time coming.  I made a promise in the introduction to this podcast that I would not talk politics on the show.  In reality, doing that and building an honest, open platform with real connections between people is pretty much impossible.  So, today's show is all about politics.  Specifically, how the idea of being a Democrat or a Republican is not in the best interest of the black community.  Rather than being the workhorses and mouthpieces of parties that care nothing about us, we need to turn our attention on using our different political leanings, passions, and skills to build a better future for our children in this world.  If we start today with liberal activists working collectively to change the system, and conservative business leaders working collectively to revive entrepreneurship, strong family devotion, and cultural pride in our upcoming generation, we can change the face of this nation over the next 30 years in a way that produces positive outcomes for all Americans.

    Get more episodes, and find links to over 200 VERIFIED & ORGANIZED Resource Links broken into 25 Categories to help you find anything you need for business, job growth, education, professional networks, financing, and of course, Buying from Black-Owned Businesses at buyblackpodcast.com.

    Connect with me:

    [email protected]

    All Social Media @buyblackpodcast

    Text or Call: 501.765.3998

    Resources:

    https://youtu.be/9Y1jdsopdpE

    https://www.nytimes.com/2017/11/11/opinion/sunday/interracial-friendship-donald-trump.html?partner=rss&emc=rss&smid=tw-nytimes&smtyp=cur

     

    1 hr 3 min
  • 015: How to Start a Profitable Amazon Sales Business for Less Than $500

    November is here, and that means online selling season is about to be in full effect.  In this episode, I lay out the steps to setup a profitable Amazon sales business for less than $500 using a product sourcing technique called retail arbitrage.  I share my experiences getting started and relay the tools, techniques, and tips I used to turn a profit within my first 30 days.  This show is a must listen.

    Get more episodes, and find links to over 200 VERIFIED & ORGANIZED Resource Links broken into 25 Categories to help you find anything you need for business, job growth, education, professional networks, financing, and of course, Buying from Black-Owned Businesses at buyblackpodcast.com.

    If you want to learn more or would like to get my tailored email template for getting great seller reviews, reach out to me at [email protected].

    You can find all the tools I mentioned during the show at the links below:

    https://sellercentral.amazon.com

    http://www.inventorylab.com

    http://www.manager.io/

     

     

    1 hr

About Buy Black Podcast | The Voice of Black Business

From the publisher's feed

We amplify the voices of Black Business Owners and Entrepreneurs to Ignite the Global Black Economy. Through this platform our socially conscious listening community connects with black business owners and their companies to learn actionable tips for building successful businesses. Each week we publish a new, compelling interview with a black entrepreneur who shares their story, teaches us some useful business information, and gives their number one piece of advice for the Buy Black Community as a whole.