The old adage “the apple doesn’t fall too far from the free” rings true in all areas of parenting, including money management. If a child see’s their parent make fiscally irresponsible choices, no doubt the child will follow suit.
Comedian-turned-financial-author Sabrina Lamb grew up with a frugal father and mother who, Lamb admits, didn’t want to keep up with the Joneses but wanted to be the Joneses. After accumulating her own credit card debit trying to play the part, Lamb attended a workshop where she learned valuable money lessons.
Unfortunately in the African-American community poor money management runs rampant with bad financial habits being passed from generation to generation. Lamb, who founded WorldofMoney.org — a non profit organization designed to empower youth and teach them to make better financial decision — wanted to offer parents some help in raising financially savvy children, so she penned the book “Do I Look Like An ATM?: A Parent’s Guide To Raising Financially Responsible African American Children” (Chicago Review Press). In the 207 page book, which was nominated for Outstanding Instructional Literary Work at this year’s NAACP Image Awards, she also offers up tough love to parents who are damaging their children’ financial future.
Take a look at some of the different factors the author says negatively impact families, financially.
- The Non-Saving Parents
According to Lamb, African-American parents are less likely to save for a rainy day than other parents making the same amount of money.
- No Role Models
The author says African-Americans don’t have enough financially intellectual role models to show them what real wealth is. Money is often displayed by “making it rain” in a club and people of color who have acquired real wealth are often looked at as “sell outs.”
- Feeling Helpless
Lamb is convinced part of the reason so many African-American parents pass down poor financial habits to their children is because they lack the belief they can anything to change the situation or that they aren’t deserving of anything better.
Want more? Be sure to pick up the book here.
Watch the 45th Annual NAACP Awards LIVE, exclusively on TV One, in a in a two hour special Saturday, February 22 at 9:00 p.m. ET (PT tape-delayed). Before the main event, see the nominees and even more stars grace the red carpet in a one-hour pre-show at 8:00 p.m. ET (PT tape-delayed).
Also On HelloBeautiful:
Celebs Tweet Their Thoughts About #JusticeForSandraBland
1. Jesse Williams
#SandraBland's treatment while attempting to travel freely on HER public roadways has been acknowledged as unlawful. She is already dead.
2. Taraji P. Henson
"SAY HER NAME #SandraBland"
3. Ava DuVernay
"'Why are you arresting me?' Because you know your rights. Because I can. Because no one'll believe you. #SandraBland"
4. Kim Kardashian
#WhatHappenedToSandraBland We need answers!!!! This is NOT ok! This is all shady! They need to own up to this & tell the truth!
5. Jussie Smollet
"A loss 4 words. #SandraBlandMatters #BlackLivesMatter 👈🏿tell me this should change once the nation shows that we do. "
6. Snoop Dogg
🙏🌹. Sandra. Rip. 🌹🌹
7. K. Michelle
R.I.P to this queen. This could've been any of us. My prayers go out to her family. #sandrabland https://instagram.com/p/5fvlO_AhCf/
8. Gabrielle Union
SAY HER NAME!!! #SandraBland #SandraBland #SandraBland #SayHerName
"We must get to the cause of #sandrabland death because this CANNOT happen again #deathorfreedom"
10. David Banner
"When will we fight back. A man's duty on earth is to protect women and children. Where are the gangsters? Preachers? We need you. Please."
11. Nicki Minaj
"Rest In Peace #SandraBland"
12. Talib Kweli
"We the people ask @LorettaLynch to investigate #SandraBland #KimberleeRandleKing RETWEET "
Signs. Signs. Signs all around us. The Message is Here. #SandraBland
14. Missy Elliot
"When I look at the #SandraBland traffic video it brings so many emotions😳😢😡😡😤!"
15. Jessie J
"God bless your soul Sandra | #sandrabland | Change needs to come |Justice needs to be served | Heart… https://instagram.com/p/5fV79mQ0aw/ "
16. Jackee Harry
"It's time y'all, it's time.." #SandraBland #BlackLivesMatter
"In memory of #SandraBland these things don't make no kinda sense "
18. Holly Robinson Peete
I really don't look forward to having ANOTHER difficult conversation w my kids tonight...but here we go again😧💔 #SandraBland #SayHerName 😢
19. Jeffrey White
Sadly, doesn't matter by whose hand she died. Unjustified arrested set the outcome in motion. The state murdered her. #JusticeForSandraBland
Sandra could have been your mother, sister, aunt, friend or if she wasn't killed the community outreach advisor A&M. #SandraBland
21. Joan Smalls
"My heart is broken. Sending my deepest condolence to her family and friends. May you find Strength, Peace and Justice. When will this stop? #EqualityForAll #RIP #Why #SayHerName
22. Gladys Knight
Sandra Bland.... #SayHerName #SandraBland
23. Cara Delevigne
Things need to change NOW #SANDRABLAND #Justice #Equality
24. Meek Mill
"Rip to that young lady that lost her life about a traffic stop! 🙏 ima make sure I pray for her and her family! 🙏😄😄😄"