Monday Feb 13, 2012 - Class discussions

In class we created a budget based on living and working in Atlanta after college. Our budgeted living expenses showed how hard it will be to control them. But that is the key to creating long-term wealth. Our wealth is created by saving every pay period (weekly/monthly). If you can not control expenses, you can never generate enough income to create wealth. Remember, we discussed earlier all of the sports players, lottery winners and actors who make millions and still ended up broke.

Below, is a table showing household wealth based on "race".

The lack of household wealth impacts not just lifestyle but control and the ability to combat racism.