What this Black mother is teaching her 2 young kids about finance and life: 'Money is power'

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Here's what this Black mother is teaching her 2 young kids about finance and life: 'Money is power.' (via CNBCMakeIt)

of Black kids, it's my job to help them mentally prepare for a world in which they might be treated unfairly because of their race. I tell them that while this might happen, they must remain proud of who they are, stand for what's right, and call out injustices.isn't just about what you achieve for yourself — it's also about how you use that success to help others in your community succeed as well, especially people of color.

My kids love going to the grocery store, but things can get out of hand when they want to buy everything. To teach them about budgeting, I always have them help create the grocery list that's tied to a fixed spending amount. For now, I'm teaching them what negotiation means, and how it can be applied in their everyday lives. For example, they now negotiate how much iPad time they get on the weekends, based on the chores they complete and how well they behave.I love helping my kids understand investing and ownership by buying fractional stocks in companies that they're familiar with. Right now, they love Barbie dolls, Hot Wheels toys, and shopping at Costco.

If you're continuously surrounded by people who think they can never save money, for example, or who can never pay off debt and are all about accepting what life gives them, then you're likely to start thinking the same way — because there's nothing motivating or empowering you to do better.

 

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MakeIt Learn to read. Learn math. Learn finances.

MakeIt Also should teach 'victimhood never pays'

MakeIt Knowledge is power, guard it well.

MakeIt Yes, If money is used in right way

MakeIt Although I agree with the Mom on finances, it’s a sad commentary in our lives when money is power. I think the power lies in how you use it...if you covet it for status or if you use to for the betterment of humankind

MakeIt Racial enmity goes away if employers pay equal wages with white workers. Most black families dont earn enough even if they have degrees and experience. Many woukd relocate of they had the money

MakeIt Power is useless if you use it wrong is a better lesson . Anyone can have power in a free society .

MakeIt The federal reserve is their real enemy. They specialize in keeping the man down.

MakeIt That's wrong, knowledge is power, money is merely the building block.

MakeIt The most ridiculously false thing you can teach a child... The height of hubris...literally...

MakeIt Hope she also taught them the right way to make money and not by demanding so called “reparation”

MakeIt Why is the b in black capitalized ?

MakeIt

MakeIt What is she teaching

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