Saturday, September 15, 2007

Lesson #1: Understanding the Game by Akindele Akinyemi

The world is bigger than Mack and Bewick. Bigger than Schoolcraft and Evergreen. Bigger than the City of Detroit. It is time for our people who are living in the city to fully understand that we will remain slaves forever unless we begin to change our thinking.

Which means learning about self-control, loyalty, competitiveness, mastering the skills needed to compete and having confidence in yourself and your family.

Oftentimes, we fall from the path of righteousness and fall into a trap of fear, intimidation and corruption. This is why the group process and not individualism is vital in recreating new ideas, new realities and cleaning our hearts to restore God’s love in our lives.

The game has to be played correctly if we are able to fix what is broken in our community. Churches must play a vital role in transforming our communities by helping to heal broken families as well as providing guidance to keep those families intact. This includes restoring marriages and two parent homes. Gone are the days of hoe hopping in relationships. It is time that we open the lines of communication and deal with our problems head on and come up with solutions to keep families intact. With the advent of many sexually transmitted diseases as well as unfaithful partners we need to promote relationship building more than ever in this day and age.

This is part of the Genesis. We need a new beginning in our lives. We can no longer run away from our problems.

Our people need to understand how economics, not just politics, is the main key to freedom in our community. It is bad enough that we do not understand politics, thanks to the unions here in Detroit. The entire city is Democratic. Yet, we suffer the same results over and over again and because GOTV efforts are outdated we continue electing the same people in office so they can do the same thing.

If people in Detroit would vote BOTH Democratic and Republican we would see progress. Again, we do not know the game.

Young African-Americans place relatively more emphasis on spending than on investing. While this is true of Americans in general, it appears to be somewhat more pronounced among African-Americans. Indicators include higher relative scores in questions related to spending rather than investing as well as higher use of credit and debit cards and lower use of saving and investing vehicles.

A major problem may be due to the schools where our children are less likely than Whites to receive education in money management or be given the opportunity to play a stock market game, which is very useful. What about the problem that may occur at home where fewer African-American students report learning from their parents and a higher proportion report receiving a regular (no chores required) allowance which is associated with lower financial literacy scores. Also, fewer African-American students report having a part-time or summer job in high school, depriving them of an additional opportunity to develop valuable financial literacy skills.

Sounds problematic?

In order for us to understand the game we must begin to fully understand how free market economics work in our community. In the past I have spoken on this issue. However, what I am realizing is the fact that we cannot compete in free market economics if we are not financially literate. It is no wonder our community spends close to $700 billion a year and we are still living in poverty. Not just physical poverty but both mental and spiritual poverty.

The game has nothing to do with hand outs. It has something to do with hand ups. For example, if you desire to start your own business what steps are you taking to make this a reality? Have you crafted a business plan? Have you contacted people who can help you get started? What about power networking?

Our children and future generation are watching us. Are we going to just continue to perpetuate the cycle of ignorance by wasting our mental energy on foolishness or are we going to engage in the game to elevate our awareness of financial literacy to free our minds and families from the traps of poverty?

The Beginning Path

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