“Because of the high-stress level, we participate as a people in ‘retail therapy’. As a people, we blame the white man for 95% of our problems but still spend 97% of our money with them. We are the leaders in ‘unnecessary spending.”
Say what you want about the Nation of Islam (NOI), but what Brother Nuri Muhammad said about Black folks’ spending habits is something that should be addressed.
He also explains the steps to gain ownership as a people, which is similar to the economic initiative of Elijah Muhammad.
(His “financial coonery” concept begins at the 8:00 mark). A MUST SEE!
If you want further insight, check our book recommendations:
- History of the Black Dollar
- A Step-By-Step Guide to Building Wealth from $1: The Black Wealth Masterclass
What are the “next steps” for progress? Do you have any ideas?