There are a lot of things that can be said about Newt Gingrich, many of them cannot be printed in this newspaper. So, imagine my surprise to find out that I agree with Newt Gingrich on one very important topic.
The House Ethics Committee investigated eighty-four charges against Newt for almost two years ending in 1997. During the investigation, 1,000 pages of his personal pages were scrutinized. In those pages, he wrote, “For poor minorities, entrepreneurship in small business is the key to future wealth”. I hoped that the words would say something that could make me despise him, but he continued, "This is understood thoroughly by most of the Asians, partially by Latinos, and to a tragically small degree by much of the American black community." I wanted to be outraged. I wanted to disagree with every thought he ever had, but I couldn’t refute the bald-faced truth: I agreed with him.
African-Americans have not fared well during the Great Recession. The unemployment rate for African-Americans stayed at about 15.8% during 2011 while the unemployment rate for all other cultural groups in America fell. Could it be that other groups are not waiting to be given a job, but are instead making their own jobs?
All of us have skills that others would pay to have access to. Instead of waiting and hoping that those skills are recognized and appreciated, we should be setting up businesses. Owning a business is hard, it’s stressful, and sometimes is a downright pain in the you-know-what, but guess what else it is? It’s confidence-building to be able to charge what you are worth. It’s liberating to be able to manage your own time. You know what? It might be just the thing we need to lower that unemployment rate.
Shay Olivarria is the most dynamic financial education speaker working today. She speaks at high schools, colleges, and companies across the country. She has written three books on personal finance, including Amazon Best Seller “Money Matters: The Get It Done in 1 Minute Workbook”. Shay has been quoted on Bankrate.com, FoxBusiness.com, and The Credit Union Times, among others. To schedule Shay to speak at your event or to download her new eBook, visit www.BiggerThanYourBlock.com.
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