such as Steve Harvey getting candid about their own high-profile economics.Last year, I was proud to be a guest on their powerhouse podcast of the same name, which we recorded inside a classroom of the Jalen Rose Leadership Academy in Detroit, Michigan.
Now, it’s time to have these financial gurus on “Renaissance Man.”We went full Jim Cramer on the show this week, talking about how athletes and celebrities can lose their big bucks — and who should actually be taking the blame for.
But the duo also explained the importance of understanding the responsibility everyone has when it comes to their money. It doesn’t matter how little or much they may have.Rashad and Troy broke down some of the biggest money myths that can trap someone into losing control of their fiscal situation.
We’re all fortunate to be beneficiaries of this advice. Here’s the biggest falsehoods holding people back from economic independence.“One of them is definitely ‘The harder you work, the more money you’re going to make’ — that’s not necessarily true,” Rashad told me, calling the thought process a “middle-class mindset.” “Just working as much as possible, night shift, day shift, two, three jobs, that’s not a recipe for financial freedom … You’re [only] making enough money to pay your bills, you’re never going to be able to be financially free.”What it really takes to shift out of that cycle is some breathing room and a break from the work beat.
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