The audio quality of the original Episode 5 did not meet my standards nor those of my guest. Hence, after some practice, videos, and reading best practices I decided to re-edit and re-release.
Hope you enjoy.
The ‘Coronavirus Aid, Relief, and Economic Security Act’’ or the ‘‘CARES Act’’ is 2 Trillion dollars worth of policies designed to insulate citizens from the destabilizing and destructive consequences to the market place. It’s an opportunity to reduce the wealth gap and to stand in the gap for the forgotten.
Home ownership has long been considered a path to wealth in the USA. We are told and believe that housing appreciation and longevity builds equity. People of color have used home equity to pay for college or comfortably retire; it is analogous with financial security. So, although discriminatory policies and practices have hindered our home ownership and purchasing power, we continue to pursue it as the solution for wealth and financial security. Wealth via home ownership is a bogus claim.
Wealth, as explained by Dr. Pamela Jolly, requires ownership, protection, and cash flow. Home ownership starts with a 15 to 30 years note. With their signature on the note, each party promises to give so much of his or her time everyday to earn money to pay the note. This is more akin to servitude than ownership. In addition to committing time everyday for the note, the expenses for maintenance and managing also require a commitment of time each day.
And the hope is that if we elect the right government officials and that they pass the right policies, home will appreciate as such a rate that we will have enough equity for financial security.
BOGUS: Wealth via Home Ownership!
This morning I heard an interview on KLTY of Bart Millard. At some point during the interview, he explained the lyrics for the song “Even If”. As always the first verse, pierces my heart. It’s a personal declaration that has been true for me since 2015 when our first foster son was taken. It’s been compounded with other losses or unanswered prayer.
I’m committed to God, his will, his process and I won’t quit. It’s not that I want to die. Its that most days I don’t want to live. When I say live, I mean all of the tasks that are mine and mine alone. I don’t want to wake the kids up for school, don’t want to fix breakfast, don’t want to shower, don’t want to find presentable clothes. There’s no joy in those tasks. I do it anyway because I’m supposed to and because the seemingly mundane tasks will lead to fleeting moments of joy
When I’m by myself, done with all my tasks, and alone, adulting seems to be reluctant acceptance of a lack luster life that is fleetingly fulfilling but mostly just is. I prayed and I asked God
– “Trust and obey” – God
So, I do and I’m waiting on the joy to return.