hip-hop summit action network “get your money right” seminar making your dollars make sense
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photo by steed media service |
on the scene
Hip-hop has transformed itself from a culture rooted in neglect and poverty, into a billion-dollar industry. However, some of its most ardent fans still find themselves in dreadful financial situations. Hip-hop mogul Russell Simmons, the Hip- Hop Summit Action Network (HSAN) and Chrysler Financial, recently brought the Get Your Money Right financial seminar to the Washington Convention Center in Washington, D.C.
Moderated by HSAN president and CEO Dr. Ben Chavis and Free, the seminar’s panel consisted of Simmons, Mya, Bun B, Lyfe Jennings, Big Daddy Kane, LeToya Luckett and Lil’ Mo. Some of the topics discussed were money management, paying off student loans and the importance of maintaining a high Fair Isaac & Co. (FICO) credit score. Simmons believes that the absence of financial empowerment in urban communities stems from a lack of information that should be provided by educational systems. “One of the things wrong with the schools today is that they don’t teach financial literacy,” Simmons said. “The little simple things like your credit score and how it will affect you are not taught in our schools. So as a result, most of our kids end up suffering in the long run.”–amir shaw
