February 20, 2009

What More Black Folks Should Do....



"I got so sick and filthy with bengie's I can't spend it..." That is a quote from Beyonce's hit-song, "Diva", and it's true to form. The R&B diva has made wise investment choices and has stacks for days. She has not even touched her multi-million stacks, and doesn't really plan to. Check out what the good folks at Bossip had to say on this:

R&B superstar BEYONCE has yet to spend any of her multi-million dollar fortune - insisting she hasn’t bought any luxury items with her cash.

The singer was recently named the richest star under 30 years old - with an estimated $80 million in the bank.

But Beyonce - whose wedding ring is worth $5 million - is adamant that she has invested all of her money wisely, and won’t be spending any of her earnings on fast cars or expensive jewellery.

She says, “Honestly, I’m very frugal. I haven’t bought a car since I was 16 or any diamonds since I was 17. I have a lot of property. I’ve invested my money and I don’t have to make any more, thank God, because I’m set. “I’m now able really to be free and just do thngs that make me happy. It’s an effort to stay grounded.”


I have always said that one of the biggest problems in the Black community is that we are the largest consumers, but the fewest when it comes to investing. We will pour our money into things that depreciate like: cars, clothes, jewelery, shoes, etc. What we need to do is buy more stocks and bonds, shares in companies and other ventures. If we did more of that, and less stupid-spending we could really fix the infrastructure of our torn community. Beyonce might not be the brightest bulb in the lamp when it comes to most things, but when it comers to money? She's GOT IT honey! Chuuuuch.

2 comments:

  1. She Married to Jay Z.She not doing nothing no one else is doing.

    ReplyDelete
  2. Actually, the whole point of the post IS that she's doing waht most of us aren't. Yes, she married rich, but she has stacks WAAAAAAAAAy b4 Jay-z. If u've forgotten, she's been int he game 12 years (since 1997), and she STILL hasn't spent $$ from then. U can't jus chalk it up to her marrying rich. Obviously she could have blown all her loot a while ago, but has invested it in many ventures... And nah, I DON'T think that's what most people (esp in our community) are doing.

    ReplyDelete

Gimmie Ur 50 Cents... Pretty please??

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