The Dr Boyce Breakdown

My wife and I speak today about a Nigerian life coach who appears to have insulted his fiance on social media. 

My wife and I had very different opinions about the movie Nope by Jordan Peele.  We break all of this down in our latest Pillow Talk with Dr Boyce and Dr Alicia Watkins.  You can subscribe to the platform and gain access to Dr Alicia's nation-wide singles database by visiting BoyceAndAlicia.com.

The new Black Panther movie is coming out, but I don't know if I want to see it.  

​by Dr Boyce Watkins

I just read an interesting article about former NBA star JR Smith admitting that he has deep regret regarding the way he blew through $90 million dollars during his years in the NBA.

“You know how many people you can change [their] lifestyle with $10 million in our hood?” Smith said. “We’d rather go throw $60,000 in the strip club…than go feed 2,500 people in the hood.”

I've seen this a thousand times. It makes me sad every time I see it. The NBA gives a young kid enough money to fund 100 corporations. But unfortunately, toxic culture (that we see in music and media) makes him believe that his money should go into a stripper's thong rather than a trust fund.

Years later, the athlete is either broke or has serious regrets. So, while I am proud of JR for making this statement, I wish we could prepare black men a little better when it comes to making economic decisions. You'll never be a 21-year old NBA draft pick ever again.

This is part of the multi-trillion dollar destruction of black wealth and legacy that takes place right in front of our noses. The $90 million dollars earned by Smith during his NBA career, had it been invested wisely, could have taken his family to billionaire status within one or two generations. Instead, there are some very happy strippers, jewelers and luxury car salesmen who see black men as the ultimate economic suckers.

Hopefully, intelligent black men connected with the NBA will take the time to ensure that every incoming rookie has both financial literacy and a commitment to community. Black people bring the best and brightest to entertainment, sports and everything else, yet our communities are the most impoverished.

This makes absolutely no sense.

On an optimistic note, I'm very happy that JR Smith used his platform to help the next generation avoid his mistakes. This is the progress that gives me hope for our community. I spoke on JR Smith's statements on my podcast this morning, so feel free to take a look (you can also find The Dr Boyce Breakdown on Spotify).

As a reminder, July 29th - 31st is The Black Wealth Summit, hosted in Detroit by Herb Strather and Gary Shelton. You can learn more by visiting BoyceWatkins.com.

Please take care and have a wonderful day.

Sincerely,

Dr Boyce Watkins

I was reading an article today about Brazilian Butt Lifts.  So, I thought I'd share what I found out. 

I read today that Harvard University hired its first black Dean of Students.  While some are accustomed to celebrating such achievements, I must confess that I am not always one of them.    I am very happy for Stephen Ball, believe me.  I am sure he worked extremely hard for his position.  But there's something about black people celebrating our acknowledgements from racist institutions that really concerns me.   Let me ask you a question:  Do white people celebrate when they are the first to be accepted into an HBCU?   Why do we celebrate when they accept us, but they fully expect us to accept them.   The reality, I hate to say this, is that we spend so much time trying to be accepted into other spaces that we don't spend much time building spaces of our own.  This is a significant issue in The Black Community.   That's my topic on today's podcast, but I want to do it in a way that I show full respect to Stephen and his accomplishments.  His new opportunity says more about Harvard than it says about him.

Today I speak about my experience of bveing a shareholder in the company Snap.  Not that I won't keep holding the stock, but so far, it's been pretty crazy.

How racial brainwashing works in America, and why black wealth is depleted due to a lack of a code of conduct. 

Jay Ellis, star of the hit TV show, "Insecure," angered a lot of black women after he married a white woman and blocked the comments.  Given that marriage is one of the greatest wealth transfer vehicles on earth, one has to wonder if we live in a world where black women are used to gain wealth, power and status and then ditched when its time to make meaningful commitments. 

Today we speak about the fact that the stock market is rising, but there are risks abundant within equity markets.  Also, inflation is not yet under control, and the economy may be dipping.  This market's volatility appears to be heavily driven by classic overreaction, so I would be cautious about reading too much in short term advances.