A Post via The Homie Proverbs
Many Black women have made her argument, but no Black men have responded properly until now.
To begin, in the Black community, any programs—that exist—are geared toward Black children and/or females (girls/women). There aren’t any programs specifically geared toward Black males. Furthermore, Black families traditionally invest more in Black girls’ success than Black boys’ success. So, once again, Black females are receiving aid in ensuring their success. Also, Affirmative Action plays a hand in their employment; they’re a double-minority. They’re “Black” and “Female.” So, this is 1 more incentive for companies to hire Black women. Recently, Goldman Sachs announced cash benefits awarded to Black females. https://www.goldmansachs.com/media-relations/press-releases/2021/one-million-black-women.html Here are more programs aimed at helping Black females. https://youtu.be/wAaVPC0zhUg
Thus, with all of this aid benefitting them, Black women being more “successful” than us isn’t an accomplishment. With this much aid, if they’re not more successful than Black men, it’s only a sign of their failure.
On social media, a White woman admitted that in Corporate America, if she sees a Black man around White men, she automatically gravitates to the Black man because she knows he has to be twice as thorough as his White counterparts to be in the same position. However, Black women—despite being our counterparts—disregard this fact as it applies to them.
Now, Black women complain about not being able to find Black men on their level. However, these Black women do work around—and socialize—with a few Black men at their level. However, these Black men aren’t choosing them. This is because women of other ethnicities understand how thorough a Black man has to be to be at a mid-management level. Thus, they gravitate to him. So, these men’s dating options aren’t limited to Black women.
Moreover, they explore their options. Thus, Black women begin dating guys less income-affluent than themselves. However, they attempt to run these men. They look down on them because they make more money than these men. Unfortunately, for these women, average-value men do value themselves. Thus, these relationships fail. This causes these “high-value women” to end up on #teamdyingalone.
Now, to dive deeper for women like the one in the video. What many men don’t consider is the compounding effect of one’s school’s interest rates over time. So, if a woman goes to under-graduate school and earns her bachelor’s degree in 4 years for $70K with a 4% fixed annual interest rate, furthermore, for this example, she takes 10 years to pay off her debt—which is pretty fast, by the way, you can expect that she pays a total $87,404.45 in student loans in 10 years.
Year 1 $72,800 (4%) – $7,280 = $65,520
Year 2 $68,140.80 (4%) – $7,571.20 (4%) = $60,569.60
Year 3 $62,992.38 (4%) – $7,874.05 (4%) = $55,118.33
Year 4 $57,323.06 (4%) – $8,189.01 (4%) = $49,134.05
Year 5 $51,099.41 (4%) – $8,516.57 (4%) = $42,582.84
Year 6 $44,286.15 (4%) – $8,857.23 (4%) = $35,428.92
Year 7 $36,846.08 (4%) – $9,211.52 (4%) = $27,634.56
Year 8 $28,739.94 (4%) – $9,579.98 (4%) = $19,159.96
Year 9 $19,926.36(4%) – $9,963.18 (4%) = $9,963.18
Year 10 $10,361.71 (4%) – $10,361.71 (4%) = $0
Also, women like her, often may want a nicer vehicle that requires financing. So, let’s say that she purchases a $20K car with 6 years of financing. Because she’s 22 when she buys this vehicle, her credit rating is only average. Thus, the best rate for a loan she can get is 3.70%. So, she ends up paying $22,755.68 for her vehicle.
Year 1 $20,740 (3.70%) – $3,456.67 (3.70%) = $17,283.33
Year 2 $17,922.81 (3.70%) – $3,584.57 (3.70%) = $14,338.24
Year 3 $14,868.75 (3.70%) – $3,717.20 (3.70%) = $11,151.55
Year 4 $11,564.16 (3.70%) – $3,854.74 (3.70%) = $7,709.42
Year 5 $7,994.67 (3.70%)- $3,997.37 (3.70%) = $3,997.37
Year 6 $4,145.20 (3.70%) – $4,145.20 (3.70%) = $0
So, although she’s 22 with a $70K annual salary, her net worth is -$23,540 starting out. Now, for this example, we’ll assume that by her 5th year at her company she’s received a $10K increase in salary. Accounting for her debts [$3,997.37 (car) + $42,582.84 (schooling) equals $46,580.21 paid so far toward her debts.] She still owes $39,574.12 before all of her debts are paid off. So, by year 5, her net worth is $40,425.88—making her net worth equivalent to an average-value man; she does have a high credit rating—granted she has been making her payments on time.
Now, in my example, a woman like this would have to be on top of her debts thoroughly. Many people don’t come close to managing their debts this thoroughly. Thus, they end up drowning in debts. Moreover, by year 5, her net worth only has reached average-value man status despite my example’s best efforts. Thus, she still doesn’t have the leverage to look down on these men because they’re equals. When women begin bragging about how well they’re doing, consider the unspoken expenses they’re carrying.
Moreover, also remember that most won’t handle their debts this acutely. Thus, by year 5, most have a lower-than-average net worth. Studies have already explained that most Black women carry a negative net worth—despite their incomes. Thanks to my breakdown, you better understand why.