by Alfred Edmond, Jr.
(blackenterprise.com) “One of the things I like to talk about when I travel the country speaking about the principles and habits of successful wealth-building is learning to recognize and avoid what I call poverty traps: behaviors and ways of thinking that sabotage our ability to increase our net worth and build wealth. The poverty trap I’m going to talk about today is going to hit close to home for many people in The Doug Banks Morning Show and Black Enterprise families. Too many of us are working and spending to look rich instead of saving and investing to build wealth.
I ran across a prime example at a Black Enterprise Wealth Initiative presentation I delivered at a conference in Houston earlier this year. A young woman came up to me…more
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