The six kinds of capital every black child needs to receive

by Boyce Watkins, PhD

Playing the game of capitalism requires capital.?This is where your children will be better off than the children of other communities.?You are going to begin RIGHT NOW acquiring capital that you can pass onto your children.?This capital will allow them to pass over the job seeking rat race and move straight into the owner’s suite.

Here are the kinds of capital that you’re going to leave your children:

1)???Human capital – This comes from being able to work hard and managing your time so you can be productive with your labor.

2)???Cultural capital – This comes from raising your kids in a culture that breeds economic success, positive and trauma-free energy that is affirming and empowering for them as they enter adulthood.

3)???Intellectual capital – This comes from giving them a high-quality education, directly from people like you and I, that exceeds the horrible, Eurocentric education they will receive from America’s failing public schools.?Those with knowledge are able to earn money.?Those without knowledge get left behind. ?

4)???Financial capital – You will offer this by investing for your child, every week, not selling the stock until they are at least 25 years old.?At this point, they will have hundreds of thousands of dollars in financial assets that allow them to make any economic move they want.

5)???Emotional capital – this comes from values such as determination, persistence, inquisitiveness, foregiveness and any other emotional that will help them remain sane, stay focused and fight through any obstacles they may encounter.?Quite a few people can’t achieve their goals because they are emotionally broken.

6)???Relationship capital – This comes from the ability to seek out, build, manage and repair healthy relationships with others in their community who can be adequate partners in love, life, business and beyond.?

It's time for us to create a new paradigm of thought when it comes to Black Wealth and investing. No more waiting for Superman. No more feeling sorry for ourselves. No more bowing to the power of others. This is how we put our children in a position to WIN.

Dr Boyce Watkins is a Finance PhD and founder of The Black Business School, which serves 150,000 students world-wide. To learn more, please visit BoyceWatkins.com.