MY TRUTH: Dealing with Financial Literacy

I tried to do a better job of telling people how much I appreciate them. When you can tell them how much they “snap” your last nerve, you should be able to share some love too.

It was heartbreaking for me to learn of the recent passing of Karen Watts Cross. We have known each other for about ten years and we have shared privileged moments. We were also always complementary. I will miss her but I take comfort knowing that we shared our appreciation for each other.

Which brings me to my truth.

I have so much love and respect for Rodney A. Brooks!

When the opportunity to share his lyrics with the I Messenger Media family arose, I took it and starting today, you can read Rodney’s lyrics here! I met his wife, Dr. Sheila, in 1989 and she welcomed me into the Dallas-Fort Worth Association of Black Communicators. She is intelligent, elegant, loyal, passionate and supportive.

Enough about her.

Thanks to her, I met Rodney, and I immediately had a mad respect because he is so smart, elegant, loyal, passionate and supportive.

I respected his work because he was good, damn good, at something that wasn’t considered sexy and made the headlines unless you had a lot of it – money!

The author of the best-selling book, “Fixing the Racial Wealth Gap: Racism & Discrimination Put Us Here. But Here’s How We Can Save Future Generations,” Rodney is the former associate editor and columnist on personal finance and retirement for USA Today.

Rodney realizes that financial literacy is an area where many are not as knowledgeable as they should be and he doesn’t blame them. There is a reason and he breaks down the causes.

And while there are banks and other financial institutions touting their financial literacy programs, there is still a huge divide that was especially evident as we faced the pandemic and saw multi-million dollar corporations dollars receiving stimulus checks while small businesses with fewer than 50 employees sought further relief or for some, closed their doors.

A huge congratulations to those who were able to pivot and meet the challenges, and there were many of them.

There were also others, who had a plan, and a relationship with a banking institution; could have prospered or at least maintained itself.

The Small Business Administration doesn’t have data on how many Paycheck Protection Program (PPP) applications are turned down, but I know of business owners who haven’t “wasted” their time applying.

Just assume this fact: some companies have repaid a total of $436 million in PPP loans!

So there is good in getting out of social media, putting people in the spotlight and holding them accountable!

Shame on those who received and kept the money when they knew better. So too, shame on the fraudsters who have benefited from several COVID relief programs to the tune of $100 billion, according to the US Secret Service and CNBC.

Maybe if the opportunity arises again, they’ll be in a better position, with Rodney’s help!

So log on weekly and I’m sure you’ll grow with the knowledge Rodney shares. We also hope we can bring Rodney to town once in a while. He’s a trusted voice with a wealth of experience and he knows how to relate.

Can you dig?