During a recent broadcast on Fox Business, Fox Business anchor Charles Payne broke down while describing the financial sacrifices his grandparents made when trying to build a future for their family, noting that it was a major risk that led to stability and financial success for the family in the future.
Payne, talking about that during a town hall called “Maintaining Unstoppable Prosperity,” described how his grandparents took a big leap of faith when they bought a 60-acre farm and farm implements in 1951. He was using that experience as an example of why people should not fear taking some reasonable risks when investing.
Speaking to the audience, Payne broke down while talking about a deed to the farm that a family member of his found, saying that the farm was the result of much effort, risk, and prudence from “a black family that saved up everything.”
Describing the deed before reading it, trying to put the comparatively slight risk of investing in a given large-cap stock in perspective by doing so, Payne said, “I got to share some of this with you because it is so powerful for anyone out there that thinks buying Amazon is a great risk. They gave everything they have for the property.”
Then, reading the deed as his voice began to shake, Payne said, “It says, ‘we do hereby grant bargain and sell and convey unto the to the seller to describe the personal property and crops which are owned by us freely. One red horse mule named Red. One gray horse mule named Jack. One two-horse wagon, one hay mover, one hay press, nine head of mixed cattle, a cell hog, some wagons, mowers, presses.”
He added that his grandparents took real risk and made real sacrifices for years to obtain that farm and the real estate, saying, “My grandparents gave everything. Everything they had. They worked their a** off for years, and they gave it all for 60 acres to have their own. That’s a risk, folks. That’s a risk. I’m so grateful.”
Payne has a book on financial success and investing called “Unstoppable Prosperity.” Describing it on its website, Payne describes it as being for “wealth-minded Americans who want to build lasting personal wealth in a timely, secure manner with no ‘gimmicks’.”
The website also touches on the same topic of risk that Payne discussed in the clip, saying, “If you are an American whose stock market investments are underperforming and delivering a rate of return that simply isn’t good enough…Or… you have never traded the market before due to uncertainty and the fear of losing the savings that you have built over a lifetime. Then there is an opportunity in front of you today to learn how to overcome what has, up until now, prevented you from sharing in the rewards of the stock market.”
It also returns to the importance of investing in the stock market, with the same report further saying, “It may be clear to you, just like it is to many of your fellow Americans, that financial independence is the only way to secure your lifestyle and plans for the future. For wealth-minded individuals, one of the single best ways to build unstoppable prosperity is through the stock market.”
Watch him here:
Featured image credit: screengrab from the embedded video
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