Welcome back, scholars. Shabazz K. Farrakhan ESQ also a holder of a CIPM, MSF & JD here to speak on my ways of making & managing money especially after Saudi Arabia cutting the petrodollar & how BRICS is gaining leverage from this. This page has a triple focus of money, politics and fitness. I've made money blogs and I'll make more but this, ladies and gentlemen is how you manage your money from taxes to just things I do as a someone who's rich. First things first, my money is a myriad of things from law to athletics to insurance to real estate to franchising to private equity, venture capital to transportation to owning teams to the military to defense training to public servitude. To anyone that understands money understands a certain amount of things about taxes & wealth in general. My net worth is over a million dollars but most importantly, I have a CIPM, MSF and spent time in corporate law.
- You have to invest it all
I didn't say stocks because the poor thinks stocks is like the lottery, it's not plus you never put all eggs in one basket. It's a key thing about investing your income especially in business, reinvested income is not taxed. Let's say your company made 10 million dollars and before the fiscal year, you invest that 10M into the business for growth therefore you don't pay taxes on the 10M. That's how major companies like Tesla, Microsoft, WalMart, Vanguard, Two Sigma etc grow quickly. Same can be done in franchising especially you are the franchisor and franchisee.
- Things you own are owned by your business
These are assets, I recently purchased a 2024 Ferrari Purosange to get me back and forth to the office rather than a materialistic marketing scheme. The company needs the car as well so allow the company to buy it on the company's end because I use it to transport myself to the company which brings more revenue into that said business. You want to deduct the following in a company:
- Transportation/Travel
- All forms of technology
- Office utilities (internet)
- Clothing (for dress code purposes only)
- Health insurance premiums
- Going to hotels, golf courses and restaurants holding networking events
- Cleaning supplies for janitors
- Office supplies (paper, printer ink, pens)
- Send a branch to your business overseas
This is why you have a passport. In these times, I wouldn't recommend Americans to be loyal to this nation as it's betrayed the people too many times especially if you're black. America is eventually paying for its sins and many nations will unite to create a coalition to rival the USA. Go to tax friendly nations like the UAE, Bahrain, Saudi Arabia, The Bahamas, Monaco, Ireland etc. These companies own the intellectual property, the US company needs to pay a licensing fee to the international company annually to keep developing and selling products in the US. This creates a deductable expense out of the American Economy and moving it to the nations I mentioned where they pay 1% or less with more optimization. In a low income tax country, you can set up a local company there and invoice your US subsidiary for rendered services which shrinks your tax burden.
- Philanthropy
This is the obvious kicks in. Money donated to charity is not taxable, hence why I started my own foundation. In my defense, I use the money to make a positive impact silently where the government will not. These are also deductable expenses, you can donate land, vehicles etc. As the founder of the charity, you can still use the car you donated on paper.
- Equity > Salary
Equity can increase in value infinitely and most importantly, it isn't taxable unless sold. My business yearly salary is below the national average. Salary is dollars, I get millions in private stock instead with it's own dividends so I won't sell.
- White collar careers
Being the guy to hire to the lawyer, insurance agent, medical concierge and private security is a great feeling but it's also of prestige to be the guy that's hired on as a legal counsel, accountant, the mercenary, the doctor or the guy selling the house to the wealthy socialite. It gives you more insight and analysis on the life, mindset and skillset of the successful. This is why I say go for internships of prestige like companies such as Morgan Stanley, the CIA, Goldman Sachs, your local police department etc then aim for the best colleges in the nation so Michigan, Vanderbilt, Tufts, Harvard, Princeton, Northwestern, Chicago, Yale, Columbia, Stanford, Washington University in St. Louis, Georgia Tech, UNC-Chapel Hill etc. This gives you insights into the higher classes such as your millionaires, politicians, doctors, fortune 500 company owners and many more. Excellence is the name of the game. Go get your medical residency, go get your JD & MSF. Study for your MCAT, LSAT and many others.
- Investment Portfolio
Let's cut the bullshit, investment portfolios go a long way in increasing income. A few investment portfolios include the Ivy League Endowment Strategy which are used by Ivies such as Harvard, Yale, Princeton, Cornell etc. Here's the general portfolio:
- 35% in VTSAX
- 28% in VBTLX
- 15% in VTIAX
- 11% in VCMDX
- 11% in VGSLX
I have many business portfolios but in my franchising ventures, we have a fund allocated called "The Capital Fund". It consists of:
- 5% in JEPI
- 10% in Super Micro Computer
- 15% in NVIDIA
- 10% in State Street
- 5% in BlackRock
- 10% in Alphabet
- 10% in AMD
- 5% in SPY
- 5% in Meta
- 3% in SweetGreen
- 7% in WalMart
- 7.5% in IIPR
- 7.5% in Chevron
We know these companies and investments will go forward in the long run in our economic ventures. This is why becoming a venture capitalist is essential. Building a business acumen, an academic record in economics and networking & going out to make the best on those opportunities is how business gets done and having the efficiency to operate a successful company so knowing the training required in corporate environments along with knowing how and what to market properly in business.
- The NPM
Everyone knows what the NASDAQ is but the NPM which is the NASDAQ Private Market is something rarely spoken about and intentionally, years ago I said invest in Coinbase through the Private Market but to join as most areas of wealth, the requirements become stronger. They want an investor, entrepreneur or law firm owner to invest with them and it's a wait-list. The richer you get, that word becomes more frequent from shopping to certain homes to investment opportunities to cars to even getting in certain nightclubs in the Detroit, Miami, Vegas, Chicago, Los Angeles, Dallas or New York areas that have a bold nightlife. An investment I heavily recommend is Epic Games, now is the best time to invest in Epic Games.
- Venture Capital & Staffing
I've given a great idea on how to start a business, one I'd recommend is a temp agency. The process of a business is simpler than most people think. Gather legal paperwork, hire a lawyer or at least get legal advice from a corporate lawyer and an accountant, file with your Secretary of State and City Hall to get a LLC and S Corp, promote with the Chamber of Commerce, the local news and reaching out to big names in your local area to promote your business either by wearing merchandise, being in a commercial or paying to verbally promote & promote to venture capital and private equity for minority stake and with that extra promotion, hire the top 10% & above! No workers in ESL classes or no GED recipients unless they've reformed totally. Keep it a professional, ethical, politically neutral and respectful environment. Lay out your recruitment portfolio, do business with medical agencies like Henry Ford, Beaumont, Cedars-Sinai or Ascension, blue collar fields like FedEx, WalMart or Ford but also partner with local businesses and small businesses so you bring in quality clients as employees and have quality agents at your temp agency have professional communication with the businesses you're affiliated with to keep a great relationship.
- High Income Skills
From Computer Science, Asset Management, Mechanics, Weapon Manufacturing, Aviation, Communication, AI Prompt, Engineering, Project Management, Logistics, Linguistics, Legal Research, Agricultural Development, Public Speaking, understanding biology and biotechnology in the medical field, UI skills such as Webflow, Adobe XD, Sketch etc. are all high income skills that are needed without being overworked and underpaid. Having expertise as executive helps, having military experience especially as a warrant or commissioned officer helps out even more. Graduate schools also give you these schools. Let's say you were an International Baccalaureate student who also served as a second lieutenant in the United States Marine Corps, served as a medic in RTC or MARSOC and got into medical residency courses. That's a skillset along with internship opportunities, credit opportunities and investment opportunities for discount via BAH and many federal benefits.
- Business Credit
With that background, you can start with business credit and invest in franchises, real estate or buy into businesses/companies you know you can run and use that to kick off an empire. Many businesses give entire stock portfolios as equity along with salary, spousal IRA, health benefits, relocation opportunities, residency, life insurance, investment opportunities and political leverage within the company.
- Politics
Business & politics mesh. I say don't lean on either side. Be fair, be equitable and don't push propaganda. Right is right, wrong is wrong and get involved in human rights, education & social justice issues to benefit this place rather than divide like you see many doing.
- Marriage is money
As a Creole man, I understand heavily what it took for us to overcome white supremacy and become sovereign of it & have our own legacy as black people in America. That's why I married a Creole woman, our ancestors did everything and made great achievements for us in Louisiana and as a relatively underrated racial tribe, we won't let it go to waste but before being Creole, we're black. I've always recommend marriage young because as a young man, it gets your focus of lust out of the way so you can prioritize being an efficient man with an efficient woman, so while she's being the best wife to you, you're being the best husband to her, being the best leader, the best father etc. An actual marriage between actual intelligent, hygienic, determined, classy, refined, orderly men & women of honor is timeless despite this dating culture we have of hookup culture, you have yours. You can go to the nightclub with yours without the distraction, you can have all the sex you want and the best part is there's no dysfunction in it. She's excellent, you're excellent. That's your business partner right there, you have a gold mine. Her expertise and your expertise coming together with no distractions is wealth. She's educated and a homemaker, you're educated, dangerous and a legacy maker. Your health will improve, your objectives will improve and your focus will improve & get a woman who won't let you be lazy and wants the best for you because she won't be lazy around you therefore, you don't have to worry about going from 6 pack to 44 inch waist after marriage. Stay disciplined but now you just have a wife to assist you in that process. Now, your stress is lowered because you have an advisor, a vice president and a co-founder at the house.
That's going to wrap this one up. Shabazz K. Farrakhan here, thank you for viewing!