Everybody knows the story of the Black Male Athlete. He grows up in an impoverished neighborhood, apart of a family which is struggling daily to survive and make ends meet. Thanks to extraordinary physical abilities, effort and drive, he excels at a sport which may very well help him provide for his family in the future. As he avoids the pitfalls of crime, prison and death created by the environment in which he must live, he impatiently prepares for Draft Day. When that day arrives, filled with emotions, he nervously waits for the moment to hear his name. The sound of his name creates a joyous and wonderful feeling, for now he has instantly become a millionaire.
The surest path to financial success for anyone begins with learning economic principles at an early age. Historically speaking, adults instruct black children that the only path to financial success occurs via the securing of a collegiate degree and gainful employment. This old strategy has mostly expired as employers currently have no loyalty to employees who have enriched them via their labor. I posted that same question on my Facebook page. Two of the responses stated that they could not teach what they didn't know. My response was that we live in the information age and there is no excuse not to make sure that our children get a superb Financial Education.