So… in light of Martin Luther King Jr’s Day and Black History Month I wanted to make a video about Martin Luther King Jr and what he taught us aboutMoney and how it still rings true today less the 60 years ago!
Make sure you watch the video to the end
And check out all the links in the description.
1. The false god of money (1953)
In July of 1953, King gave a sermon in Atlanta where he warned listeners about the negative ways money can impact society and their individual lives.
“Money in its proper place is a worthwhile and necessary instrument for a well-rounded life, but when it is projected to the status of a god it becomes a power that corrupts and an instrument of exploitation.
When men arrive at the point of making money a god they become more concerned with what they can get out of society than with what they can give to society in terms of service.
When men bow down and worship at the shrine of money they are being deprived of their most precious endowment—the possibility of living life in its fullness and its endless beauty.”
So what Dr King is saying, even though money is a necessary evil its not what you should put above all.
Money should never be over your family or Integrity.
One reason King said he opposed the Vietnam War was that it took money and resources that could have been used for social welfare back home.
“True compassion is more than flinging a coin to a beggar; it is not haphazard and superficial. It comes to see that an edifice which produces beggars needs restructuring. A true revolution of values will soon look uneasily on the glaring contrast of poverty and wealth.
With righteous indignation, it will look across the seas and see individual capitalists of the West investing huge sums of money in Asia, Africa and South America, only to take the profits out with no concern for the social betterment of the countries, and say: ‘This is not just.’ …A nation that continues year after year to spend more money on military defense than on programs of social uplift is approaching spiritual death.”
And still today the Vietnam War Is effecting us in multiple ways financial and social implications of wars can’t really be understood until you see the after effects.
3. More jobs and guaranteed incomes (1967)
Guaranteed income has become a hot topic with the automation of jobs and people scraping by with minimum wage, but it’s not an idea millennials came up with.
At the 1967 Southern Christian Leadership Conference, King called for the creation of more jobs and guaranteed incomes.“We must create full employment or we must create incomes. People must be made consumers by one method or the other.
Once they are placed in this position, we need to be concerned that the potential of the individual is not wasted. New forms of work that enhance the social good will have to be devised for those for whom traditional jobs are not available.”
So in essence he was all for guaranteed incomes and wanted to create more of socialist type of atmosphere. In my humble opinion I don’t agree with the idea but I do agree has to be done but I’m not going to get into detail.
Just weeks before his death in 1968, King was preparing to launch a Poor People’s Campaign in an effort to gain economic justice. He gave a speech in Detroit called “The Other America” where he addressed the connection between inequality in jobs and justice.“The most critical problem in the other America is the economic problem. By the millions, people in the other America find themselves perishing on a lonely island of poverty in the midst of a vast ocean of material prosperity… The fact is that the black man in the United States of America is facing a literal depression.
When there is massive unemployment in the black community, it’s called a social problem. But when there is massive unemployment in the white community, it’s called a depression.”
I can go on forever about this subject but he was spot on about this subject. We as a black community need to understand that we have to learn that our money needs to stay in our community while we build our wealth. We can’t give our dollars to other communities. We have to invest our money and build together but I digress.
I hope you enjoyed the video and learned something today.
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Until next time Wealthbuilderz
Its The Wealthbuilder himself
DeVaughn Put In Work Burke
Signing off for
What Martin Luther King Jr taught Us About Money
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