Save & invest

After the recession it shouldn't even have to be said that its important to save & invest. How ever as thanks to our President Obama & many others in both the political & business arena not to mention the hard working America work force the economy bounces back. I see some of my people (blacks) getting too comfortable again. Buying things they don't really need. Not saving properly, Having no clue about investing. I cant judge them based on their life style choice. If that's how they choose to live then so be it. However what I can do is give them new choices. For example after the economic melt down. You all remember when every body was panicking & the world was suppose to end. People were saying you should cash out your 401k & sell your home. cut your loses. IDIOTS!!! That was actually the time when you were suppose to be investing & buying more. stocks were low. Real estate prices were lower. Every thing was at a price that even people with moderate incomes could afford & benefit from. Unfortunately If you didn't know anything about the stock market or the real estate market you wouldn't know what to do. Historically these things happen. Thats the 1st bit of info we need to know. recession are not something that's new. Alot of millionaires actually became millionaires during recessions depressions etc. How? Good question. They understood that the economy has a cycle. When things are great stocks are high. Profits are high real estate is high. Rich get richer poor stay poor. When the economy goes bad, stocks fall real estate is effected. This is the time to find markets companies that are most likely to survive & thrive after the bad cycle & when things get better the stock that you bough at $10 a share can potentially go back up to $40, $50 $60 a share. now if you bought say just 200 shares it would cost you $2,000 dollars but when that stock reached $60 a share again you would have made $12000 dollars $10,000 profit. Hey to the multi-millionaires that may not be much but for some one who may have owed $15,000 in debt you can now knock a lot of that down. But even more importantly you would now know the value of the stock market & perhaps continue to invest & become financially intelligent. More saving better investments & less spending on crap that doesn't bring you back money. As far as the real estate market. the same formula applies. Yes there will be times where even the might real estate market can lose value. How ever eventually the cycle stands true. Property value goes back up. People start to buy again. If you're sitting on a few good properties your bound to make that money. HEY! why do I even blog about this? People say you're a rapper Why do you care? Well I'm a black American 1st who cares about my black people & this country. I'm also a business man. I own my label. I want my people to be educated & succeed. If other rappers are too ignorant or too self involved to help the black community where it really counts. Self reliance & not relying on the govt or a hand out from uncle Sam is the key to being rich. Of course once you are rich you'll find the govt for some reason will still give you tax breaks & hands outs but that's another topic for another day lol... Right now I just want my black people to read about the stock Market do not be afraid to invest, but invest wisely. Read the wall street journal. look at Bloomberg.com, See how other factors affect companies. A perfect example was the BP oil spill. This was a multi billion dollar company. The oil spill caused the stock to fall. However I knew this multi billion dollar company was not going to go out of business b/c of an oil spill. That was the best opportunity to invest. If you did & you had some friends or family to pool money together you could have made a killing. You just have to keep your eyes & ears open & use some intelligence & invest with sense. You'll be Good. Dont be AFRAID. Just be smart & brave & get this money.