10 Commandments of Black Economic Power Flashcards
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This 10-card flashcard set explores foundational principles of Black economic empowerment, focusing on family wealth-building, financial responsibility, and intergenerational asset-creation. Topics include raising children as assets, family financial discussions, managing economic resources responsibly, and building collective economic power. Use it for personal financial literacy study or as a reference for community-based wealth discussions.
Terms in This Set
- What is the first commandment of Black economic power discussed in the meeting
- Why is raising children to be assets instead of liabilities crucial for family wealth
- What negative impact did the introduction of drugs, like crack cocaine, have on black families?
- What family economic principle is emphasized as better than charity
- What behavior is described as the ultimate crime within a family's economic code?
- How does open discussion about money at family gatherings benefit the family?
- How can families avoid economic drain caused by irresponsible relatives?
- What is the estimated collective economic value of a typical Black family's labor over decades
- Why is trust considered essential in family economic relationship?
- What lesson can be learn from the example of Greece in the European Union as applied to families?
How to Use This Flashcard Set
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