Kevin Powell: My Troubled Financial Life Mirrors Many In America

Former Reality TV Star from MTV’s “The Real World” has been under scrutiny for his financial troubles. Kevin Powell is now running for Congress representing Brooklyn, NY. He has appeared on national shows such as The Oprah Show and has been a great advocate for the rights of all people.

He just like many American’s has hit some rough bumps due to the current economic climate. He states in an interview that his mother always preached “save your money” but he didn’t take it to heart and when he was presented with opportunities in life he made more money but he didn’t save any money.

I’m going to provide the link to the entire article in a moment but for now I want to focus on what his mother preached “save your money”. From my research and personal experience this is exactly where the problem lays…we as parents think that our children listen to us, well sometimes they do but most of they time the imitate us.

So we can preach all we want to our children to do what’s right but 90% of what we say is disregarded but 90% of what we do is internalized by our children. If we save our money our children will save their money because we have made this an important aspect of our lives proving by example that it should be important to them.

I’ve seen this with my own children and the sooner you can set this example the sooner they will make saving money a real habit.

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