I'm a minority and my parents never taught me about generational wealth, the 4 quadrants of wealth, residual income, etc. Financial illiteracy is a problem that plagues minorites, please give insight.
2006-08-06 15:11:38 · 4 answers · asked by tiffany_ananda 1 in Business & Finance ➔ Credit
regardless of race, creed or color ... you should not attribute lack of financial knowledge or perspective to simply being a minority. if anything, your life situation is more likely related to social class rather than your race.
instead of feeling like a victim of your upbringing, you should read an excellent book about learning (or not learning) financial essentials from your parents ...
"Rich Dad, Poor Dad" -- what the upper class teaches their children about money, that lower classes typically don't.
this book will change your perspective on finances and life.
http://www.amazon.com/gp/product/0446677450/sr=8-1/qid=1154932930/ref=pd_bbs_1/104-2212971-1943102?ie=UTF8
2006-08-06 19:47:10 · answer #1 · answered by tanmei 3 · 0⤊ 0⤋
so it is up to you to break the cycle. you have to decide for your financial desion from now on. you should give yourself a 100% focus. Do not follow a bad stuff. Study how wealthy people handle their money. they must do something right
2006-08-06 17:14:23 · answer #2 · answered by Hoa N 6 · 0⤊ 0⤋
Please give examples of why you single out minorities as living with bad credit and debt. It's a problem that's plaguing large portions of the U.S. population.
2006-08-06 15:16:58 · answer #3 · answered by Anonymous · 0⤊ 0⤋
check your local trailer park too. lots of minorities with bad cerdit there too.............or wait.....
2006-08-06 15:16:45 · answer #4 · answered by Anonymous · 0⤊ 0⤋