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Friday, June 14, 2024

Here Is Why Most Doctors And Lawyers Never Accumulate Wealth

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Many of us think that going to school for a long time and aiming for a good job is the pathway to success.  This is no longer true, as corporations, universities and other institutions will drop you like a bad habit in two seconds flat.  As my guest on Financial Juneteenth says below, worker bees are no longer rewarded like they used to be.

Monica Mehta is an ambassador for Operation Hope, a non-profit 501 (c) 3 organization dedicated to providing support, education, and assistance to families in need regardless of race, color, or religion. She is also the author of the book, “The Entrepreneurial Instinct.”

Monica explains the prototype of the typical millionaire and reiterates the fact that most of them are not us doctors, lawyers, professors and highly-educated people.  They certainly aren’t rappers and athletes either, since many people in elite professions feel such social pressure to give all their money away that they never keep any of it for themselves.

In addition to drawing a picture of the typical millionaire in America, Monica also explains why people who endure trauma at a young age have a difficult time starting their own businesses.  This conversation has implications for African Americans, who might experience a significant amount of trauma from discrimination, abuse, addiction, urban violence, incarceration and single parent households (as a result of hundreds of years of oppression).  Monica provides tips on how one can find the path toward empowerment even through all the setbacks that we might experience.

Monica has made several appearances on various national media outlets, including CNN, FOX News, HBO and many others. She is also one of the most respected advocates for entrepreneurship and economic empowerment in the country.  The interview with Monica is below, and I hope you enjoy listening to her as much as I do.

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