If ever there was place or time where black prosperity and wealth was of abundance in the African-American community, it would of been the Greenwood section of Tulsa, Oklahoma. Locally referred to as “Black Wallstreet “, by its local residents, and the time would of been the early part of the 20th century. In only a few generations from slavery, the black people in the small and segregated community were not only able to financially survive, they thrived, many of them had more wealth than the local white residents. They built that wealth by hard work and a keen entrepreneurial mindset. With that mindset they owned and controlled their own banks, businesses, grocery stores, restaurants, churches, private airplanes, movie theaters and hospital; until it was all destroyed by its racist white supremacist residents in 1921.
My question is could it be Rebuilt? Not only on a local level, state level, national level, but on an international level, since black people have been economically disenfranchised on a global level, from the cold Detroit streets to the hot Ghanaian streets.
According to financial expert, Dr. Boyce Watkins, black wealth could be Rebuilt using what Watkins calls “the three pillars of wealth”, and that is investing (stock market and bond investing), entrepreneurship ( business creation and ownership), and real estate ( home/rental property ownership ).
Using the three pillars of wealth system, In a generation or two, with stock value increasing due to compound interest and profits from real estate and other entrepreneurial ventures, maybe the massive wealth gap, between blacks and whites (that many people complain about, but do nothing about), could start to close. To the naysayers who think this is impossible, because black people do not have any money, I say Google “black spending power”, according to magazines like Fortune, black American spending power is over a trillion dollars a year. That is more than the GDP of most countries, around the world.
Now, just imagine if a 20% ($200 billion) of that trillion dollars was invested, in the stock market, and in starting businesses and buying real estate in our own communities. So, instead of having to beg a community outsider for a job, we could create a job, for someone in our community. Which is really needed in the black community, because despite all the claims from Trump, about historically low unemployment in the black community; what Trump or other politicians won’t tell us, is that the people who have giving up looking for a job, or whose unemployment benefits have been exhausted, are not counted in unemployment statistics. A recent CNN article titled: “1 in 5 black men did not work in 2016, study says” claims that 20% of working age black men did not earn any income in 2016. Which means they either became homeless, became dependents of a family member or significant other, or joined the underground economy, which more times than not leads to prison.
So to insure, the future of our communities, not only should we start to save and invest in the stock market, which can be done very easily using cost-effective investment apps like Acorns, Stash Invest and Robinhood, but we should educate ourselves and our families on financial responsibility, by reading books like “The $5 A Day Stock Market Investing Plan” or “Black American Money”, which are both by Dr.Boyce Watkins, and we should also, protect that wealth for the next generation by forming a business, getting a Will and starting a family trust, all of which can be easily done by using cheap online services like legalzoom.
I remember being very upset and scared, I screamed “where the fuck did you go bitch”.
Well, not exactly, but I thought that in my head.
“How could she leave me so easily after ten years. Just one day get up to never return.”
That’s what my 30-year-old self, thought about saying to my 20-year-old self, on my 30th birthday.
Sure, I knew this day was coming for a long time, but when it came it still sent me through a little midlife crisis.
Sure, I was only 30-years-old, most senior-citizens, living in a retirement home somewhere in Middle-America would of given their right arm and possibly also their left leg to change places with me. But I was not looking at the world through the eyes of a 70 0r 80-year-old person, on their deathbed, I was looking at life through the eyes of a man who thought he would have been at a more successful stage in his life than I was at the time.
When I was still an adolescent, 30-years-old, always seemed like the age when most people started to get married, have kids, buy a new family car, buy a home, maybe start a business or get a promotion at work and then prepare for the next two decades to take their kids to elementary school, then high school and then hopefully a university somewhere.
Not only had I not done any of the previously mentioned, but I was nowhere near accomplishing those goals. I still lived in my apartment in the Sunset district of San Francisco, which is owned by a slumlord, I had yet to start a business and most of the women I met were far from wife material. They were usually women I encountered working the door as a bouncer at various nightclubs in and around the Soma area of San Francisco, and they usually only talked to me because I was a bouncer and had some form of influence at the club, but I was not offended, I had my own reasons for talking to them, both on and off the job.
I soon would start to look at my co-workers differently. Mostly men, but sometimes women who had worked in the security and nightclub industries for decades. Some of these men and women were old enough to be my father or mother, or in some cases my grandfather or grandmother. After working with them for years, after the excitement of working at a nightclub, around beautiful women and good sounding music had faded, after escorting several aggressive and or touchy-feely guys off the dance floor and escorting countless hookers from the bar, after they attempt to solicit money for sex, from one of the many corporate bigwigs, out of town on a business trip, who was attempting to have a little fun behind his wife’s back.
I would wonder to myself, did they envision this life for themselves.
When I would ask them what did they see themselves doing in the next ten years, most of my elder bouncer buddies had no idea or said “probably still bouncing”, with a couple admitting to seeking work in law enforcement. Where I am sure their sometime over-aggressive and violent behavior would be rewarded with a high salary, with great benefits from one of the local police departments in the Bay Area.
On the other end of the spectrum, I knew other bouncers who had nothing planned for the future, except it would seem to work their 12 to 20 dollar an hour job, dealing with aggressive drunks, rude promoters and seemingly clueless and or careless club managers. With the hopes that no one, or specifically no new club owner would come in and take over the business and decide to hire lower priced security guards to deal with higher amounts of physical danger.
One of those men was my friend Stefan. One of my family members, who was smart enough to leave the club bouncing industry to join one of the high-salary paying police departments in the Bay Area, once told me: “Stefan has an almost genius I.Q. and believe it or not, he used to look like a supermodel”, he later said: “I don’t know what happened to him, he just lost it one day”.
When I first met Stefan he looked like an unwashed homeless man, that security would sometimes have to ask not to stand in front of the main entrance before the club doors open. Far gone were the supermodel looks and whatever he had of a near genius I.Q., he never showed any signs of it. Even though it was obvious he was far from an idiot.
Where I ate my stresses and depression away from the job and life in general, Stefan drank his away. After the nightclub hours ended, Stefan would stay after and drink with the bar staff. I would usually joke back-and-forth with him and other staff before I left to catch my bus home.
After several months had passed since I stopped working as security at the same club as Stefan, I read on a Facebook post, posted by several mutual friends and former co-workers that Stefan had died of alcohol poisoning. Apparently the giant 6ft 5in tall “big bear” of a man, who was more of a “Teddy bear” on the inside, than “grizzly bear”, had drank himself to death.
Several months later I was hit with another loss, when a mutual friend and former co-worker of Stefan and I, hung himself. This was far more surprising than Stefan, because my friend Jon always seemed very stable. He was handsome, he was working towards his Masters Degree at San Francisco State University and even had a girlfriend.
When I spoke with several of our mutual friends, I would discover that Jon had apparently killed himself after his girlfriend broke up with him for another guy and was heartless enough to bring the new boyfriend to the bar he worked at on multiple occasions. I would only assume to make him jealous. It would seem whatever little bit of stability many people, including myself believed he had in his life, she broke it when she broke his heart.
Over the next few years I would not only have my friends, but have friends and family members of friends commit suicide, not only that but my father, who was sick for a for a long time, would finally pass away.
One of the things I remember the most about my father’s last days was how he regretted the things he never did or tried to do, he seemed to regret that more than the things he tried and failed at. I guess the hypothesis he had about his life, he knew he would never be able to answer.
That was the final shot in the arm of motivation that I needed to decide to attempt to conquer the world I always dreamed about, since I was a kid, I wanted to be a best-selling author, make documentary films and start my own progressive news network.
The opinions of friends and classmates telling me “You can’t do that, you’re dreaming” or heartless teachers telling me “you will not be successful” or well-meaning teachers telling me “be realistic, go for a city job”.
Some of their opinions were well-meaning and they only wanted to protect me from failure and letdown that occurs way too often to kids from economically disenfranchised hoods like Detroit, with its failing education system, high crime-rate and poor economy. Still there were others who wanted to inflict the pain on me that they probably had inflicted on them at some point of their life, when in their minds, their high-flying dreams of success came crashing down in flames like the Hindenburg.
The last few years, but especially the last year after my father passed, I acknowledged that the fear of failing has kept me alive, but perversely had kept me from truly living.
After my father’s death and years after the deaths of several friends, I decided I was going to go for my dreams. Yes, I am afraid to fail, but I am more afraid of failing to try, which is the worst type of failure one can commit.
I have since published several of my own books, which I have published independently, I have started my own progressive news-blog and I have started to further my higher education. I have taken several film classes and I have started work on my own documentary. I have completed the International Business Accredited Certificate Program at City College of San Francisco (CCSF), I have finished the Creative Writing Certificate Program at CCSF this past semester and I have signed up for classes in the Web Application Certificate Programming and Business Marketing Associate Degree Program at CCSF.
My objective is to transfer to a four-year university, most likely San Francisco State University, where I will earn by B.S. in Business Marketing.
Far too long and far too often, I must sadly admit, I have thought more about my limitations than my abilities, I have wasted too much energy focusing on what I can’t do versus what I can do, which usually takes up about the same amount of energy if not more and is so much less satisfying and so much more depressing.
I have accepted that fact that I can’t correct the mistakes of my past or makeup for loss time. I can only learn from past experiences of myself and others who came before me. And go out to conquer my dreams, so that when I am on my deathbed I will know I gave it my all and lived my life to the fullest extent. Because I do not believe there is a sequel to this crazy thing we call life, so I must live this life to the best of my abilities and accomplish as many of dreams as possible, before they turn into nightmares on my deathbed, I have seen more times than I would like to admit, what the pain of living in regret can do to a person.