))
MSG Presents: Eric On Money- "My Parents Didn’t Teach Me Sh*t About Money - Challenging Notions of Financial Literacy and Race"
Manage episode 481513633 series 2792703
Content provided by Money Sex Gen X - Podcast. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Money Sex Gen X - Podcast or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
This episode of "MSG Presents: Eric On Money" features a conversation between Eric McLoyd and his homie Scott. The discussion revolves around financial literacy, challenging the stereotype that certain races inherently have more financial knowledge. Scott, a white man from a working-class background in Chicago, shares how he lacked financial education growing up and had to learn about money management the hard way.
He talks about accumulating debt during college and early adulthood and eventually gaining financial literacy through self-education, working with a financial advisor, and staying curious about economics and finance.
The conversation highlights that financial knowledge often correlates more with class and access to resources rather than race. Scott emphasizes the importance of actively seeking financial education, questioning assumptions, and using trusted sources to build a solid financial foundation.
The episode aims to challenge myths about racial differences in financial literacy and stresses the need for persistence, humility, and ongoing learning in personal finance.
FOLLOW US ON YOUR FAVORITE PLATFORM:
-MSG Facebook: https://www.facebook.com/moneysexgenx
-MSG LinkeIn: https://www.linkedin.com/company/msg-podcast/?viewAsMember=true
-MSG Instagram: https://www.instagram.com/moneysexgenx/
-MSG You Tube: https://www.youtube.com/@moneysexgenx2163
-MSG Tik Tok: www.tiktok.com/@podcastmoneysexgenx
FOLLOW ERIC AND SCOTT:
Eric: https://www.linkedin.com/in/ericmcloyd/
Scott: @ProfessorSteward (IG)
CONTACT:
Email: [email protected]
Chapters
1. Introduction: Breaking the Money Myths (00:00:00)
2. Scott’s Story: A White Guy from a Working-Class Background (00:03:14)
3. Debt, Budgeting, and the Road to Financial Literacy (00:12:14)
4. Class vs. Race: What Really Shapes Financial Knowledge? (00:20:24)
5. Learning the Hard Way: From Debt Consolidation to Investing (00:30:24)
6. Humility and Growth: Overcoming Financial Illiteracy (00:50:24)
7. Final Thoughts: Take Control of Your Financial Journey (01:00:24)
56 episodes
Share
