Why are so many of our people defiant when it comes to financial literacy

[not_osirus_jenkins]

I feel like this tweet is relevant to this thread

False, my parents are upper middle class. It has gotten smaller but there is a middle class america. Military families, military contractors, teachers in some states etc are middle class. To act like it doesn't exist is a sure fire way to increase the gap between the poor and wealthy/ultra wealthy.

 

[not_osirus_jenkins]

I usually just lurk here for a number of reasons, but I would definitely take some advice and guidance as far as financial literacy.

If you saying after the new year, you'll be dropping advice, there's people like me that will welcome that.

I really don't know where to start. I'm sitting in a good position where I don't live paycheck to paycheck like a lot of my peers. But I see I just have money not doing nothing except waiting to be spent.

So if I had some short change, like say 2 or 3k, what would be your advice?

I went to the bank awhile back with this same dilemma and all dude was tryna sell me on was buying CD's and shit. And obviously I'm not gonna risk investing a larger amount of funds when I know I am financially illiterate. Just would seem like I'm asking to be taken.

I live in Manhattan just in case that is some info that would be useful in this guidance

@gem$tone check out the url I just posted.

 

[gem$tone]

Oh and I just recently started dealing with these financial advisors, but again due to my shortcomings, I'm a bit skeptical. Company called AXA Advisors. They trying to sell this insurance package to me which I am down for from the number they talking. I don't have any kids so I usually leave stuff like this to my nephew amd gotta start adding my niece.

 

[gem$tone]

Will do Osiris

 

[King Erauno]

most people think money is just to be spent. they dont know shit about investing

 

[kzzl]

Most folks I know that can't save money can't afford too.

 

[LUClEN]

Corporations spend millions to convince people to spend their money on their bullshit.

The documentary century of the self covers this well. Psychology has been capitalism's pawn for a long time.

 

[NothingButTheTruth]

Corporations spend millions to convince people to spend their money on their bullshit.

The documentary century of the self covers this well. Psychology has been capitalism's pawn for a long time.

GOAT'd for the century of the self drop. Good to see, there's some people on this board that know what's up forreal.

 

[CapitalB]

hopefully this thread dont die by tomorrow cause i really wanna join the convo.. cause i have things to say and theories on this shit..

unfortunately i have a flight to catch in the AM and i have anxiety issues so im gettin drunk at the moment and wont be gettin no sleep.. so before im belligerent and delirious i jus wanted to say all that. lol

but i see u @2stepz_ahead i feeling ur threads as of late..

kudos my nigga..

 

[Mr.LV]

Lol these threads are funny because they always focus on the bottom feeders or the absolute worst of one group and scale it up as if it's the majority.

If I was to play along with this train of thought, the number one answer would be trust or fear. Why should I trust you with my hard earned money? Why should I trust you know what you're talking about? Is there some kind of insurance on my investment? What if I lose everything, all because I decided to listen to some slick nigga in a suit, will I be able to live with myself?

These are the questions that are running through the minds of most potential investors.

The next answer would be, presentation. Most of the people I've witnessed and spoke with regarding financial literacy are absolutely terrible at stating their case. They sound like con men, they're condescending, they're nerdy ass, thesaurus using ass niggas, or they don't know how to get their point across. You have to present it in a way that your customer can comprehend what's going on. Explain the concept of investing in general and connect it to something that's important to them or something they're already doing. A lot of the bottom feeder ass niggas already practice some form of financial literacy, when they save up for concert tickets, festivals, vacations etc.

...To the thread starter, if you want to truly help people, get with someone or a team who can truly articulate your ideas and is a chameleon of sorts when it comes to presentations. They know what language to use depending on the audience. Your position is better served as the bank. You're too far removed and negative to effectively touch the people directly.

Ain't that the truth

 

[2stepz_ahead]

hopefully this thread dont die by tomorrow cause i really wanna join the convo.. cause i have things to say and theories on this shit..

unfortunately i have a flight to catch in the AM and i have anxiety issues so im gettin drunk at the moment and wont be gettin no sleep.. so before im belligerent and delirious i jus wanted to say all that. lol

but i see u @2stepz_ahead i feeling ur threads as of late..

kudos my nigga..

aye...im on a long flight back to the US.

I'll just get drunk on the plane.

 

[2stepz_ahead]

Lol these threads are funny because they always focus on the bottom feeders or the absolute worst of one group and scale it up as if it's the majority.

If I was to play along with this train of thought, the number one answer would be trust or fear. Why should I trust you with my hard earned money? Why should I trust you know what you're talking about? Is there some kind of insurance on my investment? What if I lose everything, all because I decided to listen to some slick nigga in a suit, will I be able to live with myself?

These are the questions that are running through the minds of most potential investors.

The next answer would be, presentation. Most of the people I've witnessed and spoke with regarding financial literacy are absolutely terrible at stating their case. They sound like con men, they're condescending, they're nerdy ass, thesaurus using ass niggas, or they don't know how to get their point across. You have to present it in a way that your customer can comprehend what's going on. Explain the concept of investing in general and connect it to something that's important to them or something they're already doing. A lot of the bottom feeder ass niggas already practice some form of financial literacy, when they save up for concert tickets, festivals, vacations etc.

...To the thread starter, if you want to truly help people, get with someone or a team who can truly articulate your ideas and is a chameleon of sorts when it comes to presentations. They know what language to use depending on the audience. Your position is better served as the bank. You're too far removed and negative to effectively touch the people directly.

Ain't that the truth

well since you agree with him....do you not think you should include the bottom feeders as he put it?

I'm talking all our people...aint just the broke ones that need financial help and/or advice.

funny how people miss that I admit to money mistakes yet, want to give others advice. maybe, I don't think want someone making the mistakes I made.

niggas just too wrapped up in how they being taught.

if you ain't paying stfu

 

[2stepz_ahead]

this thread is a classic example of why we spend soo much money and have so much buying power but no one respects our dollar which makes that buying power financially weak. y'all be the same niggas claiming niggas don't share game.

 

[Mr.LV]

Lol these threads are funny because they always focus on the bottom feeders or the absolute worst of one group and scale it up as if it's the majority.

If I was to play along with this train of thought, the number one answer would be trust or fear. Why should I trust you with my hard earned money? Why should I trust you know what you're talking about? Is there some kind of insurance on my investment? What if I lose everything, all because I decided to listen to some slick nigga in a suit, will I be able to live with myself?

These are the questions that are running through the minds of most potential investors.

The next answer would be, presentation. Most of the people I've witnessed and spoke with regarding financial literacy are absolutely terrible at stating their case. They sound like con men, they're condescending, they're nerdy ass, thesaurus using ass niggas, or they don't know how to get their point across. You have to present it in a way that your customer can comprehend what's going on. Explain the concept of investing in general and connect it to something that's important to them or something they're already doing. A lot of the bottom feeder ass niggas already practice some form of financial literacy, when they save up for concert tickets, festivals, vacations etc.

...To the thread starter, if you want to truly help people, get with someone or a team who can truly articulate your ideas and is a chameleon of sorts when it comes to presentations. They know what language to use depending on the audience. Your position is better served as the bank. You're too far removed and negative to effectively touch the people directly.

Ain't that the truth

well since you agree with him....do you not think you should include the bottom feeders as he put it?

I'm talking all our people...aint just the broke ones that need financial help and/or advice.

funny how people miss that I admit to money mistakes yet, want to give others advice. maybe, I don't think want someone making the mistakes I made.

niggas just too wrapped up in how they being taught.

if you ain't paying stfu

I feel it's more of an American Problem if anything than it being just a black problem. Financial literacy should be taught at home and school. It's very rare to see someone teach the younger generation on how to build credit,apply for a loan,savings account,401k ,IRA, ROTH IRA,and how to budget with bills and how to pay down on debt etc.And how to get out of the vicious cycle of living paycheck to paycheck. It's simply because people just don't not know better.

 

[Fosheezy]

quick money.

if u aint telling me how/contributing to me getting that, fuck up out my face

 

[2stepz_ahead]

Lol these threads are funny because they always focus on the bottom feeders or the absolute worst of one group and scale it up as if it's the majority.

If I was to play along with this train of thought, the number one answer would be trust or fear. Why should I trust you with my hard earned money? Why should I trust you know what you're talking about? Is there some kind of insurance on my investment? What if I lose everything, all because I decided to listen to some slick nigga in a suit, will I be able to live with myself?

These are the questions that are running through the minds of most potential investors.

The next answer would be, presentation. Most of the people I've witnessed and spoke with regarding financial literacy are absolutely terrible at stating their case. They sound like con men, they're condescending, they're nerdy ass, thesaurus using ass niggas, or they don't know how to get their point across. You have to present it in a way that your customer can comprehend what's going on. Explain the concept of investing in general and connect it to something that's important to them or something they're already doing. A lot of the bottom feeder ass niggas already practice some form of financial literacy, when they save up for concert tickets, festivals, vacations etc.

...To the thread starter, if you want to truly help people, get with someone or a team who can truly articulate your ideas and is a chameleon of sorts when it comes to presentations. They know what language to use depending on the audience. Your position is better served as the bank. You're too far removed and negative to effectively touch the people directly.

Ain't that the truth

well since you agree with him....do you not think you should include the bottom feeders as he put it?

I'm talking all our people...aint just the broke ones that need financial help and/or advice.

funny how people miss that I admit to money mistakes yet, want to give others advice. maybe, I don't think want someone making the mistakes I made.

niggas just too wrapped up in how they being taught.

if you ain't paying stfu

I feel it's more of an American Problem if anything than it being just a black problem. Financial literacy should be taught at home and school. It's very rare to see someone teach the younger generation on how to build credit,apply for a loan,savings account,401k ,IRA, ROTH IRA,and how to budget with bills and how to pay down on debt etc.And how to get out of the vicious cycle of living paycheck to paycheck. It's simply because people just don't not know better.

another thing I have noticed...

whenever someone questions our community, it turns into a American problem or but all cultures do it.

where is OUR focus on OUR problems?

real talk...it seems like a cop out.

kinda like yes, I was speeding but everybody does it. so does that mean you can't be a better person than others or do you want to be a lemming an follow the path other have made for you.

when other people try to correct their problems... they are not thinking if us, yet we keep grouping ourselves with them when we have problems.

next thing you know niggas gonna be saying cops shoot white men too...so we should stop complaining

smdh

 

[gem$tone]

I liken it to getting your girl to play video games. Even the most simplest like racing where you don't have to know what all the buttons specifically do. Just gas, brake and steering. Then they are still all over the track, getting lapped and can't reach a checkpoint or whatever and they give up due to the frustration of not getting it.

I want to get it. I am not trying to turn 2k into 12k in 8 weeks. I'm trying to understand what I need to do first and the steps I need to take to track what my money is doing. If I even explained that correctly. I read a lot and I have tried to read some of those financial books, but I can't get it. Much like the chick tryna play the video game. So I leave it alone. But I'm not opposed to being taught how to fish. And then in turn teaching my people how to fish as well. I already talk to those that will listen how to use credit cards properly or at least the way I use them without paying interest and other fees. And because I know how I learn, I tell them step by step. Open this card because it has no annual fee then put this amount down. Then only spend it on such and such til you get in the habit of paying immediately what you charged. Two females I rock with and my cousin got their scores from high four hundred and low five to mid seven hundred. Others I have tried to help just didn't listen. And used them like extra money and got burned.

 

[Colin$mackabi$h]

Maybe money has the answer..

 

[a.mann]

I try to help people all the time now that I'm doing good but shit some people want a hand out not help.

.........

 

[NothingButTheTruth]

I liken it to getting your girl to play video games. Even the most simplest like racing where you don't have to know what all the buttons specifically do. Just gas, brake and steering. Then they are still all over the track, getting lapped and can't reach a checkpoint or whatever and they give up due to the frustration of not getting it.

I want to get it. I am not trying to turn 2k into 12k in 8 weeks. I'm trying to understand what I need to do first and the steps I need to take to track what my money is doing. If I even explained that correctly. I read a lot and I have tried to read some of those financial books, but I can't get it. Much like the chick tryna play the video game. So I leave it alone. But I'm not opposed to being taught how to fish. And then in turn teaching my people how to fish as well. I already talk to those that will listen how to use credit cards properly or at least the way I use them without paying interest and other fees. And because I know how I learn, I tell them step by step. Open this card because it has no annual fee then put this amount down. Then only spend it on such and such til you get in the habit of paying immediately what you charged. Two females I rock with and my cousin got their scores from high four hundred and low five to mid seven hundred. Others I have tried to help just didn't listen. And used them like extra money and got burned.

Exactly what I was getting at earlier. HOW the information is presented is probably the most important part.