“Do not swim in an ocean of knowledge and drown in ignorance”
In honor of Rapper Nipsey Hussle and his progressive work and wisdom, beBATONROUGE would like to present you with 7 Money and Ownership Lessons to further assist you in your journey to financial literacy and generational wealth.
This story was inspired by a post from Kezia M. Williams, the CEO of The Black Upstart, an organization that offers training for black entrepreneurs.
- On Hustlenomics – You learn all the secrets to the game on your way up. Most folk want to skip the process when you skip steps, you miss the lessons
- On Turn Up v Own Up – It isn’t cool to be in the club spending all of this money, or having cars and jewelry – but you don’t own any real estate? a fourplex? If the answer is no, you’re not a real hustler.
- Entrepreneurship – The new mindset is we don’t want advances, we want equity. We don’t want 1-off endorsements, we want ownership
- Black Capital – Biz models are built around our cultural currency. They develop the platform, implement structure & bring us in to raise value.
- On Breaking the Chains – Own the supply chain from production to consumption. People take shots at Jay-Z but he’s the first Black artist to have vertically integrated biz model where he owns the whole chain.
- On Creating Value – I released 100 mixtapes and charged $1000 for each because I understood the economic principle of scarcity. The profit funded my independent label.
- On Owning Real Estate – I own the block where I used to hustle from 8 am to 10 pm. I hustled, then I rented now me and David Gross will own in Crenshaw.
