Quote Originally Posted by AC-Cobra
People always react different when they get money, some people jus cant manage money.

To say its eclusively Afro-American boxers though is pretty ignorant.

I concur. Its a tragedy in this day an age that we can teach a highschool student, physics, calculus, geology, biology and chemistry, but we never teach simple money management skills. No wonder the rich get richer and the poor get poorer. Sometimes I think its a damn conspiracy.

I'm in my late 20's, and only now I am learning the investing with the 401k, etfs, stocks etc. I guess when you have a kid you are forced to pursue substance than flash. Only now I feel comfortable wearing a worn sneakers whilst taking that $100 that I would have spent on a new one and putting it in a college fund or some investment account.

Ironically, it is someone who was pretty well off that took a liking to me and began to teach me these things. Now if I get a windfall of millions I know exactly what I'm going to do with it. On the other hand 6 years ago, if I had a couple millions I would have been sure to blow it.