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Flashback Friday Ep 19 - Being Corrupted By American Values
It takes more than one person to break generations of racial barriers. We all have to work together to empower our people and bring economic and social transformation. In this Flashback Friday Featured episode, Thomas Lopez-Pierre joins us again today to talk about how we can take action to create collective change. Supporting black businesses and black banks is key to a thriving community. He also believes that we need to learn from other groups who overcame their own struggles and have the knowledge and resources to help us close the wealth gap. Listen in for another packed episode with Thomas! ________________________________ FREE Discovery call for The Microfamily Investing Accelerator https://calendly.com/noirvest/microfamilymavericks ________________________________ [00:01 - 17:00] Coming Together To Build Black Wealth Check out part 1 of the interview with Thomas! How to grow the business and community through strong partnerships The education versus capitalist society Learning from other groups and leveraging capitalism Black people need to be smarter in their investments [17:01 - 24:09] Closing Segment The final 2 questions Thomas on diversification: Believing in diversity and not putting all the money in one developer Connect with Thomas! Key Quotes “If you're going to live the Gucci lifestyle, the bling-bling lifestyle, do it off passive income, don't do it off earned income.” - Thomas Lopez-Pierre “I hate to break it to you: Your home, it's not an investment. Your home is an expense. You have to pay a mortgage for that and if you stop paying the mortgage, you get foreclosed. An investment is when you have tenants paying you rent, and if they stop paying you rent, you will evict them. That's an investment of black people, food for thought.”- Thomas Lopez-Pierre “Invest in things that produce cash flow, not things that make you feel like a bourgeois, you know, feeling important because you will achieve some social status.”- Thomas Lopez-Pierre Resource Mentioned: The Color of Money by Mehrsa Baradaran https://www.amazon.com/Color-Money-Bl... Connect with Thomas Lopez-Pierre through his website https://blmref.com/ and follow him on his socials at Facebook https://www.facebook.com/thomaslopezp... and Twitter https://twitter.com/votelopezpierre?l..
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By Nicole P.It takes more than one person to break generations of racial barriers. We all have to work together to empower our people and bring economic and social transformation. In this Flashback Friday Featured episode, Thomas Lopez-Pierre joins us again today to talk about how we can take action to create collective change. Supporting black businesses and black banks is key to a thriving community. He also believes that we need to learn from other groups who overcame their own struggles and have the knowledge and resources to help us close the wealth gap. Listen in for another packed episode with Thomas! ________________________________ FREE Discovery call for The Microfamily Investing Accelerator https://calendly.com/noirvest/microfamilymavericks ________________________________ [00:01 - 17:00] Coming Together To Build Black Wealth Check out part 1 of the interview with Thomas! How to grow the business and community through strong partnerships The education versus capitalist society Learning from other groups and leveraging capitalism Black people need to be smarter in their investments [17:01 - 24:09] Closing Segment The final 2 questions Thomas on diversification: Believing in diversity and not putting all the money in one developer Connect with Thomas! Key Quotes “If you're going to live the Gucci lifestyle, the bling-bling lifestyle, do it off passive income, don't do it off earned income.” - Thomas Lopez-Pierre “I hate to break it to you: Your home, it's not an investment. Your home is an expense. You have to pay a mortgage for that and if you stop paying the mortgage, you get foreclosed. An investment is when you have tenants paying you rent, and if they stop paying you rent, you will evict them. That's an investment of black people, food for thought.”- Thomas Lopez-Pierre “Invest in things that produce cash flow, not things that make you feel like a bourgeois, you know, feeling important because you will achieve some social status.”- Thomas Lopez-Pierre Resource Mentioned: The Color of Money by Mehrsa Baradaran https://www.amazon.com/Color-Money-Bl... Connect with Thomas Lopez-Pierre through his website https://blmref.com/ and follow him on his socials at Facebook https://www.facebook.com/thomaslopezp... and Twitter https://twitter.com/votelopezpierre?l..