Always ONE mofo that fuck it up for everyone else
finurah.com
Comedian Cedric the Entertainer has been in the entertainment game for years, including through the popular 1990s show “The Steve Harvey Show” to movies such as “Johnson Family Vacation.” Recently, he shared his own money management skills in which he explained he would create a fund with $25,000 for his family to use for emergencies like paying off their mortgage payments or bills.
“I definitely know how to say ‘no’…I say ‘nay,’ I’m past ‘no,’ ” the comedian said during an interview on The Breakfast Club earlier this month when asked about family borrowing. He was on the show to promote his new book, “Flipping Boxcars.”
He had a method to lending to his family. “I used to have a whole fund for the family, every year, $25,000 for whatever it is. You can get it if you qualified…not getting it for nonsense, but if you needed school money…” he said. He added that his sister safeguarded the fund and that family members could only get a portion; one person could not get the entire $25,000.
Eventually, he said he stopped the fund when some entitled family members began asking for more. Cedric explained “some people wanted bigger and bigger checks.
Family Debt
Like many families, Black families use debt to reach financial goals like homeownership, entrepreneurship, or financing higher education. For many, it’s a tool, but it does come with life-altering risks. In fact, 25 percent of income earners have more than 50 percent of household debt.
Cedric the Entertainer’s approach to financially stabilizing his family shows the importance of having a financial safety net. His dedication to supporting his family is a struggle many high earners in Black families face.
But for the common person, who isn’t an industry elite but simply trying to help out, financial literacy and education are key to debt and money management. Learning to budget and invest wisely can be the difference between dealing with debt and making informed financial decisions.
Cedric the Entertainer Killed His Annual $25K Family Fund After Family Members ‘Wanted Bigger Checks’
Cedric the Entertainer Killed His Annual $25K Family Fund After Family Members ‘Wanted Bigger Checks’
finurah.com
Comedian Cedric the Entertainer has been in the entertainment game for years, including through the popular 1990s show “The Steve Harvey Show” to movies such as “Johnson Family Vacation.” Recently, he shared his own money management skills in which he explained he would create a fund with $25,000 for his family to use for emergencies like paying off their mortgage payments or bills.
“I definitely know how to say ‘no’…I say ‘nay,’ I’m past ‘no,’ ” the comedian said during an interview on The Breakfast Club earlier this month when asked about family borrowing. He was on the show to promote his new book, “Flipping Boxcars.”
He had a method to lending to his family. “I used to have a whole fund for the family, every year, $25,000 for whatever it is. You can get it if you qualified…not getting it for nonsense, but if you needed school money…” he said. He added that his sister safeguarded the fund and that family members could only get a portion; one person could not get the entire $25,000.
Eventually, he said he stopped the fund when some entitled family members began asking for more. Cedric explained “some people wanted bigger and bigger checks.
Family Debt
Like many families, Black families use debt to reach financial goals like homeownership, entrepreneurship, or financing higher education. For many, it’s a tool, but it does come with life-altering risks. In fact, 25 percent of income earners have more than 50 percent of household debt.
Cedric the Entertainer’s approach to financially stabilizing his family shows the importance of having a financial safety net. His dedication to supporting his family is a struggle many high earners in Black families face.
But for the common person, who isn’t an industry elite but simply trying to help out, financial literacy and education are key to debt and money management. Learning to budget and invest wisely can be the difference between dealing with debt and making informed financial decisions.
