Transcript
A (0:00)
Even though you are trying to be bigger than your father, you still have the, you know, the foundations of information that you need. So imagine wanting to be a lawyer and your father wasn't even educated or your mother was not even educated. Who do you go to to get that? Or you don't come from a family and you are the only one in your family that actually standing out to, to be a lawyer, to be a business person. Who do you go to for advice on, you know, what did you do in the past that made you fail? What do you think I can do better in the future? So it becomes like a lonely place for you. You have to either do the work, fail so many times and learn your lesson, or you have to find a mentor, someone that you see like there is something in them that you want to learn from that can actually help push you up and give you that kind of a cushion. But other than that, it's very difficult and you're going to make a lot of mistakes and you're going to do so many businesses and before you can actually have, you know, the right one.
B (1:02)
Do you think a lot of us has bad attachment to money and our financial resources?
A (1:07)
I think especially when, when it comes to people of color in, especially with black, you know, people, I think that we don't teach a lot of financial literacy. When I, when I, when I was studying outside and I lived outside, I saw that, you know, the, my friends that came from other racial backgrounds actually did have their parents, did have a strategy for them. So, you know, growing up, they tend to, you know, have them do certain things in order to understand money for us. I think money has always been a source, something that we grew up not having. And so we see as a source of happiness. So anytime we get money, it's equal to happiness for us. So it's hard for us to sit down and understand that that's not how money works. Money works by strategy. You need plan. You need to be able to plan in the next, you know, when my retirement, a lot of people don't even know what, when they want to retire. And most people know when they want to retire, if they want to retire 40. You don't always have to retire at 60. You can retire 40, 45, 50, 60. But most people know that if I would live up to 80 and I retire 60, I have enough money to start, I would save that. I'll be able to travel if that's what I want to do. If I want to go back and live in my village, this is how much money. So once they plan towards that, their life is usually a lot more comfortable than when we have money and we spend it as we go because we think money is buying things that is going to make us happy. But having a plan is actually what makes you happy because it's like you're creating your own cushion so you don't wake up with a sense of fear as to where your life is going because you have everything be laid out. If you.
