Before we start talking about attaining wealth as black people in this society, we have to talk about how money is made. I've broken it down in 6 major categories.
In order to obtain wealth or money is this society, something has to be sold.
Types of Sales
Product -This is the most popular way that most people know. This is the exchange of a good or goods for a price. Grocery stores, malls, car dealers, houses, military equipment fall into this category.
Service - This is another popular way that most people know. This is generally not a product, but an activity that is exchanged for a price. Cab driver, mover, repair person, valet, garbage collector, etc, falls into this category.
Product and Service - This is a mixture of the two ways of selling. Restaurants not only sell the food (product), but the also cook the food (service) for us.
Space - This is not as popular but is a great wealth builder for anyone who knows how. This is how google, facebook, CNN, newspapers, websites, blogs, make their money. They create a large following (audience) then sell the space to advertisers to get in front of that audienc. The bigger the audience, the more money can be made.
Investments - This is the use of capital (money) to gain something - normally more capital. These are things like stocks, bonds, mutual funds, real estate, etc.
Time - This is selling our time for a price. This is for people who earn wages (time spent per hour for a specific job) or salaries (time spent per year for a specific job) This is what the majority of us as black people sell.We sell our time.
We as black people have to decide on what to sell. We should stop selling our time and start selling products, services, space or start investing. We should decide between everything except time. If we are selling time, then we are working for someone else. In order to start the process of wealth building - we must stop selling our time.