Leveraging and Duplication

Posts tagged ‘retirement’

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Employment VS Entrepreneur: Choosing the Right Path

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Invest  $25 One Time Out of Pocket and Make $100 Over and Over again using our Viral Money Making Machines

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THE LADA GROUP

POWERNOMICS COMMUNITY ECONOMICS

Development PDF Is Located Here

A “Cooperative Alternative Economic System”

a set of connected things or parts forming a complex whole, in particular a set of  principles or procedures according to which something is done; an organized scheme or method.

What is Community Economic Development?

First lets define what the words mean.

com·mu·ni·ty : a group of people who live in the same area (such as a city, town, or neighborhood) : a group of people who have the same interests, religion, race, cellphone contact list,  etc. : a group of nations

eco·nom·ics : a science concerned with the process or system by which goods and services are produced, sold, and bought : the part of something that relates to money

de·vel·op·ment : the act or process of growing or causing something to grow or become larger or more advanced : the act or process of creating something over a period of time : the state of being created or made more advanced

A Community cannot Make Money. The U.S Mint Makes Money. However, You can generate money through a “Cooperative  Alternative Economic  Systems”.

When you Generate Money it becomes Generational for your community,  you and your family. gen·er·ate : to produce (something) or cause (something) to be produced : to be the cause of or reason for (something, such as interest or excitement)

Generational Wealth is an aspect of financial planning that is geared toward passing down stable, significant financial resources to future generations. Watch this video   “The History and Mastery of Wealth Creation) must be viewed with a laptop or desktop does not work on smartphones

We Are “Leveraging and Duplicating Associates” (LADA)

What would you rather have a Penny that doubles every day for 31 days or One Million Cash?

Click on Image Below to see which one is better for you

The LADA Group Consists of 7 Viral

Money Making Machines Know as Business Profit Centers. Ranging from $25 to $1600. “The Business Toolbox” will show you How to Quadruple Your Money into Weekly Payouts Plus a Monthly Residual 

 

Click Image above for The truth about the Federal Reserve and banks

The LADA Group strives to give every person regardless of race, creed, age, country or social-economic background the opportunity to reach their goals and to become their dream.

lada group cash flow quadrant 2 linear vs residualWe All Need To Have Our Business and Since 1974 We All Became Investors When They Put In The 401K. Where Do You Fit In On The Cash Flow Chart?

Our LADA Group Business Structure

IT’S ALL ABOUT SHARING AN OPPORTUNITY TO

LEVERAGING AND DUPLICATING ACCOUNTS TOGETHER FOR PROFITS

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SO, WHAT DO YOU WANT TO DO?

OUR QUESTIONS TO YOU IS THIS?

Do You Need Some Money?

Do You Know Anybody Who Need’s Some Money?

Do you work for money or Does your Money Work For You?

Do You have money sitting in a bank account? What’s it doing for you?

You need a Cooperative Alternative Economic system like the one we’re providing for you at The LADA Group. Get Started by clicking on the image below.

THE LADA GROUP WILL SHOW YOU HOW TO MAKE MONEY ONLINE LIKE THE BANKS DO USING (OPM) other peoples money. We will show you By using an Cooperative Alternative Economic System how to recycle dollars online together in a Central Intermediary Leveraging and Duplicating Money Together For Profit.

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A Faith-based community economic development may be defined as the involvement of faith-based institutions in projects designed to revitalize their communities, establish sustainable economic development initiatives, attract investments, build wealth, and encourage entrepreneurship

Proverbs 11:24-25

One gives freely, yet grows all the richer; another withholds what he should give, and only suffers want. Whoever brings blessing will be enriched, and one who waters will himself be watered.

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We Can End Poverty With LADA Group Economics

With $1 trillion in spending power, Black America doesn’t have to wallow in despair, want and disaster say advocates for economic independence.

According to the U.S. Census Bureau, Blacks live 27 percent below the poverty line, compared to Whites at 10 percent, Hispanics at 26 percent, and Asians at 12 percent. poverty_file2b[1]
Their collective poverty ranking comes despite massive buying power, which advocates insist could be solved with unity and spending discipline.

We’re not poor. We’re just broke. Our money goes in one direction—away from us. We’re some of America’s most conspicuous consumers and there’s tremendous economic leakage in our community, and, we’re an economically illiterate people,” stated George Fraser, CEO of FraserNet Inc., which works to increase opportunities, wealth and jobs for Blacks.

The lack of money recycling in the Black community further evidences the problem.  About five percent of the Black dollar returns to Blacks in seven days, compared to seven months in the Jewish community, according to Mr. Fraser.

If Black America were a nation, it would be the 16th richest in the entire world, he argued. But, Blacks have taken the art of consumption to a whole new level, so while they account for nearly a trillion dollars, principally, it does not recycle, he said.
usa_poverty_02-19-2013[1]“We remain poor because … Slavery taught us to let someone else reap the value of our labor and production and today, we are still more comfortable with someone else doing it. Many of us just want to work for someone else.” —Toure Muhammad, Author/Publisher

According to “The State of the African American Consumer,” a report on Black spending by the National Newspaper Publishers Association and Nielsen, an information and measurement company, Black households spend more on basic food ingredients and beverages, as well as on personal and beauty care. “It’s not how much money you earn, it’s how much money you keep,” Mr. Fraser said.

For the past 25 years, his organization has focused on helping Blacks to become the number one employer of Blacks, recycle dollars and opportunities, and to help build intergenerational wealth. Recently, he helped to create the M.O.S.E.S. Movement.

M.O.S.E.S. stands for Making Ourselves Economically Successful and its goal is to help one million black people to become debt free, excluding mortgage, in the next five years. Members of the movement commit to save at least $50 a month.

Mr. Fraser believes solutions to poverty and want include becoming literate around wealth creation, economic development, and closing the income and wealth gap.

“Do we have the expertise? Yes! Absolutely! There are brothers and sisters all over America that have the economic literacy and expertise to teach us … But we have to marshall the forces, to get our people focused to begin the process of first getting back to the kitchen table then changing the kitchen table conversation so that it is focused on the inter generational transfer of wealth,” Mr. Fraser added.

Today’s Blacks have somehow lost the economic operational unity they had during the Black Nationalist and Civil Rights Movements of the 60s and 70s, said Mark Allen, Chairman of National Black Wall Street Chicago.

Then, it made no difference whether they were talking about Dr. Martin Luther King, Jr.’s Operation Bread Basket or the Honorable Elijah Muhammad’s Economic Program, he noted. Whether a nationalist or from the Civil Rights Movement the common agenda which united both was they talked about how poor people could use their own spending dollars to create and sustain their own Black businesses and jobs in their own communities, he noted.

“Somehow, during the 80s, we thought we kind of made it and we really lost that focus,” Mr. Allen said, reflecting on the era the Honorable Elijah Muhammad offered his Economic Blueprint to Black America and Dr. Martin Luther King, Jr. presented Operation Bread Basket.

“The Black man in America faces a serious economic problem today and the White race’s Christianity cannot solve it. You, the so-called American Negro, with the help of Allah can solve your own problem,” The Honorable Elijah Muhammad declared in his 1965 book, “Message to the Black Man in America.”

The truth must be recognized, he continued, that the Black man, himself, has assisted greatly in creating this serious problem of unemployment, insecurity and lack.

“Before the Black man can begin to gain economic security, he must be awakened from the dead and gain knowledge, understanding and wisdom which will enable him to follow my teachings. Islam and only Islam will point the way out of the entanglement of ‘want in the midst of plenty’ for the followers of Islam, the true religion of the Black nation,” The Honorable Elijah Muhammad wrote.

Recognize the necessity for unity and group operation; pool resources physically as well as financially; stop wanton criticisms of everything that is Black-owned and Black-operated; keep in mind jealousy destroys from within, he continued. “Observe the operations of the White man. He is successful. He makes no excuses for his failures. He works hard in a collective manner. You do the same,” he went on.

Blacks, like America must sacrifice to come out of poverty and want, said Min. Farrakhan, during his address on the 17th Anniversary of the Million Man March on October 14, 2012. Min. Farrakhan has urged Blacks to unite and pool their resources to survive.

“What are you, Black America, willing to sacrifice? We have to make some sacrifices, too. If you might say: “I already don’t have nothin’!”—wrong! So wrong! Because according to economists, last year $1.1 trillion came through the hands of Black America. But what did we spend our money on? Where did our money go? How foolishly did we use our resources,” Min. Farrakhan asked.

For Mr. Allen, efforts to help Blacks better manage money include helping to create Black business districts across the country.

“It doesn’t make a difference whether you’re Christian, Muslim, Civil Rights, Nationalist, the answer to almost all our problems right now rely in our economic conditions … Nobody will save us for us but us,” Mr. Allen stated.

He feels while there’s room to challenge the government for resources paid in tax dollars, Blacks must not be afraid to do for self, and they must regain a sense cultural consciousness, he said.

“Right now, the Minister (Minister Louis Farrakhan) has just invested a few million dollars in reestablishing The Salaam on 79th. Beautiful restaurant and all that, but you’ve still got Black people, who live right on the next block, who still either got a phobia or mental breakdown in terms of what is it about this food that is good, that you’ll walk right past it to whatever other restaurant,” Mr. Allen lamented.

“They’ve got fish in here. They’ve got chicken nuggets in here! They’ve got salads in here! So even today, you’ve got this cultural breakdown but what makes you think the food in The Salaam is not just as good as these other restaurants,” he continued.

“You can’t live in a city that has Minister Louis Farrakhan, Rev. Jesse Jackson, home of the president and home of a 40 percent Black city, and you mean to tell me that with all this power, we can’t redirect the economics … It’s economically violent to have a trillion dollars coming out of your hands every day and yet the number one employer of our young people can be the gangs, drugs … And other elements of the street economy. That makes no sense,” Mr. Allen argued.

Even though Blacks have a combined spending pattern of more than a trillion dollars, the money is not equally distributed, noted Dr. Julianne Malveaux, author, economist and commentator.

Just one to 1.5 percent of Blacks earned more than $200,000 a year while other populations earned at least eight to 10 percent, she said.

“The economic downturn has really pointed to a lot of weaknesses that’s structural. It’s not just about the economy turning down but it’s also about the structure of employment. So African American people who are not educated basically are getting the short end of the stick,” Dr. Malveaux told The Final Call.

While job creation and starting businesses are important, it’s equally important that Blacks study future trends and look at vocational and college education to participate in the economy, she said.
According to Alan Jenkins, executive director of the Opportunity Agenda, Americans understand the challenges of poverty better now, than they have in the recent past due to the economic recession’s impact on all racial and ethnic backgrounds.

What’s less understood are the obstacles Blacks and other communities of color face to equal opportunities, he continued.

“There is a lack of understanding that despite the progress we’ve made as a nation, discrimination still exists and there are significant barriers to equal opportunity in terms of quality education, housing, employment and in our criminal justice system,” Mr. Jenkins said.

On one level Americans are experiencing this crisis together but on another, in terms of geographical differences, some places are investing more in greater and equal opportunity, Mr. Jenkins continued. But, particularly in the south, there are fewer economic security protections and fewer civil rights protections, he added.

Toure Muhammad, publisher of the Bean Soup Times, views Black poverty, work ethic and creativity in the historical context of slavery.

“We remain poor because … Slavery taught us to let someone else reap the value of our labor and production and today, we are still more comfortable with someone else doing it. Many of us just want to work for someone else,” Mr. Muhammad said.

While taught early on how to work for or manage a business started by someone else, most Blacks don’t know what it takes to start businesses that will jump start an economy, he elaborated.

“We have had several examples, the two most profound where Marcus Garvey and the most Honorable Elijah Muhammad started multiple businesses that complimented one another based on producing and selling. Even today, we have many businesses but many compete with one another and are not complimentary,” Mr. Muhammad continued.

Count the many Black beauty and barber salons versus the void of Black owned barber and beauty chair designers or comb and brush manufacturers, he said. “Garvey and Muhammad showed what we can do with unity, work and vision. Both were a sign of what can be done,” he argued.

He encouraged people to listen to Min. Farrakhan’s impending  Saviours’ Day 2013 address (themed “Muhammad’s Economic Blueprint: Ending Poverty and Want”). “It really boils down to us learning who we are, producing products and services and then marketing them more effectively than the competition. We can do it. We must do it,” Mr. Muhammad added.

Advocates agree, Blacks can’t continue to let someone else control and dictate their economy. If so, poverty will increase and they will cease to exist, they say.

“But, how can Black dollars recycle if Blacks don’t own anything,” noted Dr. Rosie Milligan, a Los Angeles-based estate planner, author, and speaker. Giving back to the “Blackstream economy” is difficult because Blacks don’t grow or manufacture anything for themselves, she said.

“If you don’t own the bus company, you don’t own the super market, you don’t own the few banks, and we spend a lot of our money particularly on groceries and consumer items, and we own less businesses now than we owned years ago, naturally our condition will get worse,” Dr. Milligan told The Final Call.

The Honorable Minister Louis Farrakhan and the Nation of Islam is on a campaign to raise $10 million to purchase farmland, build schools and create jobs. “Min. Farrakhan is right on the money! But we need to start now. We can’t wait until the drought comes and then start looking and that’s what Black people tend to do,” she added.

See The Lada Group Community Economic Development System. This something that everyone can do: www.theladagroup.com

Network economics refers to business economics that benefit from the network effect. It is also known as Netromix. This is when the value of a good or service increases when others buy the same good or service.

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The LADA Group Lottery vs Traditional Lotteries

How are system works.

Business Toolbox BTB) is an easy, cost-effective, stable starting point for anyone that is either money-challenged and/or money-motivated to kick start their finances so that they can leverage themselves to higher entry financial vehicles.

BusinessToolbox is program neutral which means that we are here to support all legitimate business. It is our core mission to offer a platform that can provide anyone the means by which they can get started in business when no other option is available.


This is where you start and what it will pay you if you follow our system of bringing two and teaching two how to bring two and teach two. It’s all about leverage and duplication

You Start Off by Investing $25. Refer 2 people and teach them how to refer  2 people in this system  That is true Duplication. Learn to  Be Fruitful and Multiple so that you’ll be able to give to others

Solid Debt-Free Parent Company.

Over two decades of experience with helping hundreds of thousands of people.

Residual Income.

This is where the BIG MONEY is located. BTB has that too!

Did you catch that last bullet point? Residual income. That’s the key. No more do you have to work and work and work and each month start all over again. How do you think that company’s like Time Warner, Verizon, AT&T and all the other company’s that make a fortune do it? They bill you every month. Residual income. You build it once and keep adding to it.

Huge Income Possibilities.

Isn’t it time that you got paid on a residual basis too?

We realized this years ago and have set the Business Toolbox system up for you to capitalize on it. We have made it available for the masses. Imagine building an income where you can walk away for a month or more and still have the income coming in! Wow!

The LADA Group Retirement Plan

THE LADA GROUP RETIREMENT PLAN
13 Weeks to Prosperity

America has a retirement crisis, but it’s not what some people want you to believe it is. It’s not the defined benefit pension plans that public employees pay into over a lifetime of work, which provide retirees an average of $23,400 annually (although some public officials fail to make their required contributions to these and then claim they are unaffordable). It’s not the cost of such plans, which may ultimately cost taxpayers far less than risky, inadequate and increasingly prevalent 401(k) plans. It’s not Social Security, which is the healthiest part of our retirement system, keeps tens of millions of seniors out of poverty and could help even more if it were expanded. The crisis is that most Americans lack the essential elements of a secure retirement–pensions and adequate savings. They’ll depend on Social Security to stave off poverty once they stop working, and it will not be enough.

The crisis is that the economic collapse that started in 2007, triggered by fraudulent and risky financial schemes, wiped out many Americans’ personal savings and decimated many state and city pension investments. And while the stock market and many pension investments have rebounded, for numerous Americans the lingering economic downturn, soaring student debt, diminished home values, the responsibility of caring for aging parents and other financial demands have made it hard, if not impossible, to save for retirement.

The crisis is that the median retirement savings for all working-age households–according to the Federal Reserve–is $3,000, and only $12,000 for those near retirement. And that retirement insecurity is made worse by state-sponsored pension theft in places like Illinois, where public employees are being robbed of pension funds they earned and contributed to over decades of public service.

Just to meet their basic needs, pressures that only grow once their working years are over.
The people who press for “others” to convert defined benefit pensions to 401(k) plans never talk about the benefits retirees are likely to get under these new plans–because it’s likely to be a lot less than retirees need to get by. Defined benefit plans not only help keep retirees out of poverty, every $1 in pension benefits generates $2.37 in economic activity in communities. And they’re a good deal for taxpayers, because employee contributions and investment earnings account for more than two-thirds of pension revenues.

America must confront our retirement insecurity crisis
. This requires going well beyond maintaining the modest, hard-won retirement benefits that too few workers currently have. The AFT is engaged in a broad-based effort with a bipartisan group of state treasurers, other unions, asset managers and even some large Wall Street firms to vastly expand retirement security through pooled, professional asset management. Together, we are exploring this and other innovative ways to help workers prepare for retirement so that we can reclaim the promise of retirement security.

America’s retirement crisis is as consequential as our healthcare crisis. We mustered the will to do the hard work of extending access to healthcare to all Americans. We must also meet a just and civilized standard for retirement, so that retirement is a time of security, not poverty.

The LADA Group 100% payout! The Retirement Business Centers pay 100%. Imagine getting paid 100% commissions over-and-over again from a one-time payment.

Incredible!
Solid Debt-Free Parent Company.
Over two decades of experience with helping hundreds of thousands of people.
Residual Income.

This is where the BIG MONEY is located. BTB has that too!
Did you catch that last bullet point? Residual income. That’s the key. No more do you have to work and work and work and each month start all over again. How do you think that company’s like Time Warner, Verizon, AT&T and all the other company’s that make a fortune do it? They bill you every month. Residual income. You build it once and keep adding to it.

Huge Income Possibilities.

Isn’t it time that you got paid on a residual basis too?

We realized this years ago and have set the BusinessToolbox system up for you to capitalize on it. We have made it available for the masses. Imagine building an income where you can walk away for a month or more and still have the income coming in! Wow! Our Retirement Plan is $39 A Month Bring 3 Teach 3 How To Bring 3 Teach 3

The Power of 3
13 Weeks to Prosperity
Let’s say that everyone only gets 3 people their first week and duplicates…


Let’s skip to week 11…

LEARN MORE AND CREATE YOUR ACCOUNT BY CLICKING ON THE IMAGE ABOVEClick on Image below Connecting The Dots to See Video

LADA Group Shares Know Your Worth: If We Don’t Know, We Can’t Grow Our Community

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The LADA Group shares As I meet and speak with community members from all over the country, I am guaranteed to hear them express concern about the death of sustainable black owned businesses.
Currently, black owned businesses are vastly underrepresented, accounting for less than 7% of all small owned businesses, even though we account for 13% of the population. African Americans certainly have an entrepreneurial spirit as we are more likely to start a business relative to other racial groups. But, limited access to resources (e.g., capital, clientele, etc.), increase our businesses’ likelihood to close its doors. Research suggests that communities’ generational economic empowerment is linked to entrepreneurial success.
Therefore, if we are serious about improving our communities, improving our schools, providing jobs (black businesses are the 2nd highest employer of African Americans after the government), we must advance and strengthen black owned businesses.Over the weekend, The Nielsen Company released “The State of the African American Consumer”, a groundbreaking report projecting African Americans buying power at 1.1 Trillion dollars annually by 2015. To illustrate how massive this figure is, if African Americans’ purchasing power equated to a country’s GDP, we would be the 16th largest country in the world! What does this mean? Black consumers have more economic power than we may realize.
It is important to note that the 1.1 Trillion figure may not necessarily be all cash on hand, as we may be using credit cards and loans to make certain purchases. Also, spending power increases and/or decreases with one’s income. However, as a collective, there is enormous potential for black consumers to leverage our economic power by way of supporting black owned businesses to foster community economic development.The NAACP and other organizations are constantly advocating for policies to create more opportunities for black owned businesses (e.g., increasing access to capital) to succeed. But, while these organizations are affecting change at an institutional level, I want to highlight how we, as individuals, can foster an environment where more black businesses can thrive.
First, we must stop the massive “leakage” of our money out of our communities. Currently, a dollar circulates in Asian communities for a month, in Jewish communities approximately 20 days and white communities 17 days. How long does a dollar circulate in the black community? 6 hours!!! African American buying power is at 1.1 Trillion; and yet only 2 cents of every dollar an African American spends in this country goes to black owned businesses.Maggie Anderson, Co-Founder of the Empowerment Project, decided to address this dilemma by committing to “buying black” along with her husband (and two children) for an entire year. In her book titled, “Our Black Year”, Anderson recounts her experiences patronizing black owned businesses while highlighting the challenges many black businesses face (black businesses lag behind all other businesses in every measure of success). Interestingly, throughout her journey, Anderson fielded accusations of racism for her “buying black’ project. But, what must be understood, and Anderson reiterates repeatedly in her book, is Black economic empowerment is healthy for everyone.
Considering the crux of impoverished communities’ problems are often economics, reinvesting in black businesses is one of the best ways to address socioeconomic disparities.You may be thinking “what if there are no black owned businesses near me? What if the prices are too high? And/or what if their services aren’t on par?” These are all challenges Anderson encounters on her yearlong journey. But what she realized, and many of us must realize, is that this effort requires sacrifice and persistence – just like generations before us sacrificed and persisted to provide us with opportunities (which many of them did not live to see). If we want to remedy problems in our community, many of which are systemic and multi-generational, then we must remain steadfast.
Furthermore, with the internet we now have more options, such as the website for the Empowerment Experiment, to overcome some of these barriers.It may be unrealistic to expect the African American consumer to exclusively patronize black owned businesses for various reasons including budgetary constraints, accessibility, or product availability. But in those instances where you do have options (e.g., restaurants, clothing, printing services, natural hair products, etc.), I challenge you to answer our call to action to try to be a conscious consumer. Over the next week, the NAACP Economic Department’s social media campaign, #knowyourworth, will highlight statistics and resources to support your consumption efforts. We must lead the way in investing in our own businesses, and we can by starting with our own 1.1 Trillion dollars. Because if we don’t support black owned businesses, it becomes that much harder to demand anyone else to.
So start with the contacts in your cellphone. That is your community and connect that community together and that will help build the Black Community as a hold if we just use cooperative economics that The LADA Group www.ladaproject1024.com has put together
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The LADA Group Shares Afrocentric vs Eurocentric

 LADA Group Afrocentric vs. Eurocentric Worldviews

What is The LADA Group Community Economic Development Plan?
First lets define what the words mean.

com·mu·ni·ty
: a group of people who live in the same area (such as a city, town, or neighborhood)
: a group of people who have the same interests, religion, race, etc.
: a group of nations

eco·nom·ics
: a science concerned with the process or system by which goods and services are produced, sold, and bought
: the part of something that relates to money

de·vel·op·ment
: the act or process of growing or causing something to grow or become larger or more advanced
: the act or process of creating something over a period of time
: the state of being created or made more advanced

A Community cannot Make Money. The U.S Mint Makes Money. However, You can generate money. When you Generate Money it becomes Generational.

gen·er·ate
: to produce (something) or cause (something) to be produced
: to be the cause of or reason for (something, such as interest or excitement)

Generational Wealth is an aspect of financial planning that is geared toward passing down stable, significant financial resources to future generations.

The Afrocentric, or African-centered, worldview is very different from the Eurocentric, or Europe-centered, worldview. Afrocentrism is centered around the beliefs that:

# The highest value of life lies in the interpersonal relationships between men;
# One gains knowledge through symbolic imagery and rhythm;
# One should live in harmony with nature;
# There is a oneness between humans and nature;
# The survival of the group holds the utmost importance;
# Men should appropriately utilize the materials around them;
# One’s self is complementary to others;
# Change occurs in a natural, evolutionary cycle;
# Spirituality and inner divinities hold the most significance;
# There are a plethora of deities to worship;
# Cooperation, collective responsibility, and interdependence are the key values to which all should strive to achieve;
# All men are considered to: be equal, share a common bond, and be a part of the group;
# The Afrocentric worldview is a circular one, in which all events are tied together with one another.

The Eurocentric worldview is centered around the beliefs that:

* The highest value of life lies in the object, or in the acquisition of the object;
* One gains knowledge through counting and measuring;
* One should control and dominate nature;
* There is a dichotomy, or separateness, between nature and humans;
* The survival of the fittest holds the utmost importance;
* Men should have an unlimited exploitation of the materials around them;
* One’s self is distinct from others;
* Change occurs to meet the immediate objectives, and is quite arbitrary;
* A distant, impersonal god holds the most significance;
* There is only one supreme deity to worship;
* Competition, independence, separateness, and individual rights are the key values to which all should strive to achieve;
* All men are considered to be individualistic, unique, and different;
* The Eurocentric worldview is a linear one, in which all events are separate and there is no togetherness.

Learn more about our HEDGE FUND and Retirement Plan. https://recyclingdollars.wordpress.com/lada-hedge-fund/

Financial Literacy The LADA Group

An alarming number of African-Americans have little or no money saved in retirement accounts and do not own homes, largely because money management has not always been a high priority in a culture that for generations has focused more on “civil” rights than “silver

African-Americans, in general, perform better in the area of spending — rather than saving — when compared to any other racial group.

The problem stems from the fact that young black people are less likely than their white counterparts to receive money management education in school or from their own parents.

“They remember fathers who didn’t save enough to send them to school
. They remember being teased by their schoolmates because they didn’t have the latest clothes. I’m guiding parents to embrace the negative emotions they are holding to make revolutionary changes in their relationship with money.”

Parents sometimes try to give their own children what they believe their parents should have provided for them, but those behaviors could perpetuate a vicious cycle of financial illiteracy and economic insecurity.

The Athens, Ga.-based Selig Center for Economic Growth, which chronicles consumer buying power, reported that by 2012, African-American spending exceeded the gross domestic products of Spain and Canada at $1.1 trillion a year. The top five categories were for goods that have zero appreciative value: rental housing, food, cars, clothing and health care.

According to a 2011 study by Prudential called “The African American Financial Experience,” the Great Recession delivered an economic setback to all Americans, but African-Americans may have been hurt to a greater degree than the general population.

During the crisis, they were more likely to lose jobs and to own homes with appraised values that had fallen below what was owed on the mortgage. The Prudential study found six in 10 African-Americans have less than $50,000 saved in company retirement plans and only 23 percent have more than $100,000 in these plans, compared to 34 percent among the overall general population.

The Institute on Assets and Social Policy at Brandeis University in Waltham, Mass., used data from a nationally representative set of 2,000 families tracked from 1984 to 2007 and found that an initial wealth gap of $20,000 between black and white families mushroomed over the 23-year period to $95,000.

“In general, African-Americans tend to be more entrepreneurial.
We have a sense of self-reliance and in many cases tend to be more family- and community-focused,” Ms. Cox said. “These are good things.

“The problem occurs when African-Americans don’t establish boundaries or guidelines on the extent they will help family and members of the community.”

African-Americans also have a reputation for giving generously to their churches. That’s not a problem but, when combined with other gifts, it can leave them with little to save and invest.

“The problem is when churchgoers give tithes and offering to the church as well as support their adult children and help a sister-in-law with a loan that will not be repaid and pay off a niece’s student loan as well.” “There is such a thing as giving too much or giving until it hurts, when you are not financially stable to begin with.”

Parents often have trouble schooling their children about finances because of their own core beliefs. Conflicting beliefs about the relationship one should have with money could even stem from church teachings.

There is nothing righteous about struggling for your financial security”. It is actually a perfect storm of low self-esteem, lack of knowledge and generational conditioning.

“If we spent $1.1 trillion on land, it would be a different world. We are spending money on things that have zero value. Our children are watching the behavior of the adults and adults are expressing their own vulnerabilities and belief systems with these [misdirected] purchases.” Learn more at https://recyclingdollars.wordpress.com/lada-hedge-fund/

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