Earl “Butch” Graves Jr., president and CEO of Black Enterprise, says it’s time African Americans had a heart-to-heart about our financial future.
It’s time to shift gears. I truly believe young people hold the best chance for getting on the road to building significant wealth and, in turn, sustaining this process to pass it on to future generations. It’s sad to say that many of my contemporaries have engaged in freewheeling spending, made a meager attempt at investing, and failed to protect their assets — placing them and their families in a financial hole that will take years, if not decades, to climb out. You, however, can avoid similar pitfalls.