why are so many minorities living with bad credit and debt? Honestly, why?
May 16, 2009 – 9:49 pm
tiffany_ananda asked:
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.
Dwayne
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.
Dwayne
4 Responses to “why are so many minorities living with bad credit and debt? Honestly, why?”
check your local trailer park too. lots of minorities with bad cerdit there too………….or wait…..
By Reaper on May 19, 2009
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.
By tonalc1 on May 20, 2009
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
By Hoa N on May 22, 2009
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.
By tanmei on May 25, 2009