I would like to start this post by saying, I don't have any statistics, no hard core facts or research. This is just my observation of things going on around me every day.
If you know anything about me you know that I am a big fan of wealth building and debt freedom. I have developed this passion over the last two years and its continually growing. While I have enjoyed the process of becoming debt free myself, I have enjoyed helping people more. But one thing I have noticed over the years is that black people don't wanna get outta debt!!!
I remember last year going to a Dave Ramsey Live event and seeing over 5,000 people in attendance. I think I could count on 2 hands how many black people I saw. Now I know the economy isn't the greatest but I do remember those tickets being $10 bucks at one point in time. Heck me and my family went for free due to volunteering. There is a lot of free information out there about getting out of debt yet it seems my people don't care and this frustrates me. I was talking to my pastor about the issue and his words were "you know we don't like to pay for stuff" Thats a funny statement because I see people all the time with the latest cars, clothes, and shoes everyday.
I used to think nobody wanted the information because most of us had it all together, well over the years I learned that certainly isn't true. So what is it about our culture that can't grasp the need to not leave debt to our families? My pastor was telling me how if we didn't charge or slap Dave Ramsey on everything then maybe it would sell. I am pretty confident in my ability to teach this stuff but Dave Ramsey has a little bit better track record than I do. My passion for this stuff is serious and I just hate that people miss out due to stubbornness. Over the next year I plan to work at getting this information out to my church family. I hate not having to charge money knowing I PAID my own money to get the materials in the first place, not to mention the stuff works if you actually apply it.
There will be a time when I can stand in front of an audience and be bold enough to say "cut it out". Im working courage but seriously this is bugging the crap outta me. At any rate, im determined to make it out of the race and PROVE what can be done when you build wealth, give and save. If I eventually gotta pay for people to go through financial peace my self I will, thats just how much I care about this.
So I ask, why do you think people shy away from becoming financially stable?