Income is what arrives. Wealth is what remains when the income stops.
Federal Reserve data show the White-Black median wealth gap exceeded $220,000 in 2022. That gap is structural, and no amount of personal budgeting discipline closes it on its own. Saying otherwise is dishonest.
What an individual household can do is convert income into things that keep producing: equipment that earns, property, equity, intellectual property, a book of customers. That conversion is the whole of the Own stage.
