As much as this is not always the case, a substantial number of people of color have inherited generational debt, poverty, and the paycheck to paycheck survival lifestyle. This might be due to inadequate access to wealth-generating channels, lack of money management skills, racial inequality, and/or financial illiteracy.

We may have tried to create awareness for this by leveraging on social media hashtags, online media campaigns and the likes, but we shouldn’t stop there. This is a cultural and systematic problem and won’t go away with just a social approach. Knowing fully well that mindsets are the biggest hindrances to the financial success of any people (black, white, Asian, etc.), effort ha to be put into financial education. Financial literacy helps break mental hindrance and the result is attainable financial freedom.

The black community really…

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