Description

Dr. Venus thought that being a millionaire would solve all her problems. Guess what. She was wrong. Soooo wrong. In fact, being a millionaire amplified how POOR she really was and how we really don't have that much if we are unable to help out those around us, and not just ourselves. This week, Dr. Venus is ready to have a grown-up and adult conversation that isn't easy, but it's very important. The fallout from slavery has been devastating for centuries, however, it was also the most effective business entity in the history of the world.

As a businesswoman, Dr. Venus identified three things that we can learn from the institution of slavery and take with us to build our own assets and truly change generations to come. Until we can look the devil in the eye, we will always live at the effect of other people's actions, and we will always be enslaved. This is a conversation not meant for everyone, but one we must have the courage to face as we transition more into getting paid for our knowledge rather than time or labor. Take a deep breath and let's dive in.

Key Takeaways:

[2:50] This conversation is both about honoring our feelings and also having the courage to look at the mechanics behind the system of slavery that funded not just North America, but many other countries. When we can extract information from what worked and what didn't, we are working in service of our own progress. The most effective business entity in the history of the world was slavery, and as a businesswoman, Dr. Venus wants to have a grown-up conversation about what works and what doesn't.

[7:05] The main thing Dr. Venus realized from being a millionaire is that it's not enough. If you have money and the people you love don't, it can make you feel poor. Also, they rarely tell you about the taxes and inflation that come with being wealthy.

[8:10] If you are a millionaire and your money continues to be tied to your effort and your labor, you will continue to be enslaved. We have been socialized to believe that time and effort is what makes you rich, but what happens when you get hurt or can't perform?

[13:41] We are not used to talking about slave bodies as financial assets that planters and merchants could borrow against. It's not easy to bring up, but the more we understand the difference between labor and having assets, the more we can change the infrastructure and build our own highways.

[18:11] Money is transient. It doesn't stay in one place. While you cannot hold onto money, you can create assets that work for you instead of having to depend on your labor, body, or time.

[19:47] Three things they did in the system of slavery that worked that we can learn from:

1. They created an extraordinary product.
2. They created a structure to make that product work.
3. They turned their structure into an asset.

[22:47] The benefit of an asset is that you have something that people want and something they are happy to buy.

[24:43] The world is not set up for cash, it is set up for assets. Due to digital technology, now is the time that we can make big strides in the playing field and acquire assets.

[27:29] It's not enough to just buy Black. We must provide value and go from service-based to digital-based in our business. It's important to train yourself to bring in money for what you know, not what you do. It comes down to creating a product that a group and audience loves, and Dr. Venus has faith in you and her tribe to do that.

[29:44] It may seem impossible, but it takes courage, honesty, integrity and most of all — community. Rihanna, Jay-Z, and Kanye are examples of people who used the money from their art and their community and funneled it into acquiring even more assets.

Quotes:

• "Until we can look the devil in the eye and not shrink back, or try to fix it or solve it, we will always be enslaved."
• "We have to understand how business works beyond how we feel about it as a people, not just as an individual."
• "I thought that being a millionaire would solve a lot of problems. I was wrong."
• "We are talking about the institutionalization of money, and that takes courage. It takes something to have this conversation. Honoring your feelings, but being clear-minded enough to look at the mechanics and extracting what worked and what didn't in service of our own profits."
• "The main thing I realize being a millionaire is this: it's not enough."

Mentioned:

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RESOURCES

1. The History of the Dutch Slave Trade 1600-1863
2. The Business of Slavery
3. The Men Who Turned Slavery Into Big Business
4. The hidden links between slavery and Wall Street
5. The Benefits Of Owning Your Own Business