Black folks i have a real question. Who taught you financial responsibility?

[T. Sanford]

I think it's very important to teach your kids about financial literacy. My parents didn't school me on that but I learned from other peoples trial & errors like my sister for example. Ever since I turned 18, I've always been good with money & saving but my only flaw was that I didn't have any assets to buy & cover my expenses & liabilities.

I got put on with the Rich Dad Poor Dad book & an investing book (Sion told me to cop) If I have kids & that's a big IF then imma tell my child (when he or she is about 11-13) to read these books & learn from it.

 

[King Erauno]

watching my parents never use credit cards. putting myself in a hole and digging myself out

and reading a ton of books etc.

 

[S2J]

Because it seems like nobody pass down shit to us as a people like how other cultures are taught. Even my parents who were pretty good with money didn't teach me shit. I had no concept of credit score, stocks, bonds, buying land,etc until i was into my late 20s. I personally think it's one of the issues that's holding us back as a people. If you don't have credit how can you own shit, if you don't own shit what do you have to leave for the next generation.

Which makes me go into another topic. What the fuck are they seriously teaching our kids in school other than straight bullshit. Every grade of school should have some practical shit, be it financial responsibility, investing,etc.

yea, pretty crazy. Not everyone knows about stocks and land and such, but how hard would it have been to say 'Aye, you know you dont pay that yo credit gon be fuked up' lol

Oh, btw, this is TOTALLY a Cris Crter thread. No other way around it...

My momma was WRONG!

 

[mryounggun]

u cant teach what u dont know..

but wit me..

its been trial and error..

and jus living..

before it was buy what u want dont worry about how much it costs.. u spend all ur money so what.. ull make more tomorrow..

then it was take care of bills and shit first then the rest was for play..

then it was dont buy once what u cant buy twice..

im pretty good at savin money now.. but i think it has more to do wit me havin damn near everything vs restraint.. i aint go lie.. im fucked up. hahaha

but me knowin that i know how i wont be raisin my daughter..

This right here, for the most part. How you expect financially illiterate parents to raise a financially literate child? I know my mom was/is financially illiterate so I had to teach myself. And I'm one of the few in my group of friends who isn't financially fucked.

Also, a part of it is that even those parents that DO have some sort of financial knowledge, teaching that shit to their kids is still waaaaaaay down the priority list, when you consider all the other ways that they need to prepare their kids for the real world.

 

[AP21]

@Sion‌

dope read brah

 

[soul rattler]

Jigga taught me

 

[BoldChild]

The mistakes of others around me.

 

[MrMinimalist]

I always taught myself, nobody else did. As a kid I knew how to save money for videos games and books. I buy the needs first then get the wants also by saving and investing too.