On black women, property ownership and unconsciously discovering being privileged

Good blogging is always personal. The sharing of experiences. That’s why this is such an excellent contribution. When

Richard Wright: From terrified to delighted to appreciating how privileged he really is. All in the course of an hour.
Richard Wright: From terrified to delighted to appreciating how privileged he really is. All in the course of an hour.

he’s not competing in the Iron Man, Richard Wright trains property agents. Mostly. Sometimes he gets asked to talk to other people who are interested in finding out more about property. Like last Friday when he was the focus in a room of female senior public servants. And was introduced as “Paul”. What happened next opened eyes. Not least for Richard himself. Am already looking forward to his next contribution. – AH 

By Richard Wright*

She called me Paul. Then realized that she’d got it wrong, and recovered by saying, “You’re white, and all white men look the same to me.” The room erupted in laughter, and so did I.

Without knowing it, Kagiso Msimango, author of “The Goddess Bootcamp” had given me a perfect launching pad for my talk to a very large room full of black women commemorating Women’s Day. She had allowed the audience to laugh at my expense, and I needed that. Given that I was the only white person in the room, tasked to deliver a talk about investing in property, and taking the stage after a previous speaker who had thrilled the room with stories of what black women had done to rebel against the former system, it was a tough gig to say the least!

It is no secret that women have had a historically tough time in South Africa. The shackles of male dominance still bear scars – deep scars. Apartheid in particular did black women no favours and to think that twenty years can turn it all around is foolish in the extreme.

My own insecurities furnished me with a momentary, cold, sweaty vision of being booed off the stage. But I needn’t have worried.

What I was to discover was that the women in the room were tired of being treated as unequal, were tired of rights written on paper but not actioned, were tired of waiting on empty promises of property deliverance, and they were ripe and ready to seize the reins of financial independence and gallop off into Fiscal Freedom to the sounds of the Eurythmics – “Sisters Are Doin’ It For Themselves.”

As the narrator of this potent message of economic empowerment I could have been absolutely anybody.

The more I spoke about the keys to financial independence, wealth creation, and conscious liberation, the greater the level of excitement and the brighter the eyes that beamed back at me. I had expected some interest, but this reaction surprised and overwhelmed me.

I couldn’t help but wonder why the message was new to so many in the room. These were middle and upper management government employees.  Women on a good salary. Surely they should know about the power of investing in property, the potential and the growth. The wealth creation that results from an investment that is sure to deliver a return in the long term. The fact that one needs to live somewhere, and that if that property is not yours, you are paying somebody else for the right to live there.

Things that my parents had taught me.

And therein lies the rub. I suddenly felt overwhelmingly privileged. The cost of generations of people owning no property of their own has given rise to a young generation that by and large squanders money on expensive cars and on the instant gratification associated with the trappings of success – through no fault of their own.

Nevertheless, there is an underlying current and cognisance of a better way. There is a real yearning for the knowledge to acquire wealth beyond the immediate. I felt no blame, no finger pointing. Rather a sense of responsibility. ‘I am responsible for my own financial freedom, and I want it, please teach me how. ‘

The news is positive. The stats tell me that women are getting married at approximately 29 years of age in South Africa, and they are carving a career before they marry. More women are purchasing property on their own than ever before. And that figure is rising rapidly. Women are getting married out of community of property – an even better sign that empowerment is happening on the ground.

But real power, tangible power, lies in education. There are generations crying out for knowledge, because that knowledge results in genuine freedom. And the only thing we truly have control over is ourselves. Therefore, if we know no better, we have little control over our future.

I couldn’t help feeling that I was repaying a long outstanding debt.

I plan to do it again, because it felt good. I don’t mind being Paul.

If Women’s Day is about celebrating empowerment, liberty, and economic freedom, can’t we do better than to make the day about free massages, facials and bubbly?

* Richard Wright is a business trainer for Pam Golding, elite athlete (Top 20 in Ironman SA) and occasional blogger for his own site doingitwright where you’ll find more insights in a similar vein.