Bridging The Gap: Race, Class & Financial Literacy

fi·nan·cial

 –adjective

1.
pertaining to monetary receipts and expenditures; pertaining or relating to money matters; pecuniary: financial operations.
2.
of or pertaining to those commonly engaged in dealing with money and credit.

lit·er·a·cy

–noun
1.
the quality or state of being literate, especially the ability to read and write.

The best way to secure a future for the family is to set a standard of security through financial literacy. Understanding how money works goes way beyond knowing how to spend it.  The difference between the elite, uber rich and the rest of us stems from knowing how to make sound decisions and investments. If one’s family is blessed with savings, inheritance, business legacy,etc then you at least have a foundation to build wealth from. 

Some will argue that things are dispropportionate due to race and class. There is an obvious truth to that. However, us as minorities cannot cry victim anymore. Our children deserve better than past pain and excuses. An education cannot cripple anyone and if it takes two or three generations to build wealth, than so be it. It is still better than continuing a cycle of poverty or the pain of ignorance.

Check out some great tips from the financial gurus who are willing to share information to help build wealth:

http://www.suzeorman.com/igsbase/igstemplate.cfm?SRC=MD002a&SRCN=catalogthumbnail&GnavID=10&SnavID=45

http://www.richdad.com/default.aspx

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~ by drmelodie on March 21, 2011.

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