Jade Warshaw

Oh, I didn't understand how taxes work.

Oh, I just, you know, now I've got my cousins and my aunties and everybody else.

I need to take care of them or.

I invested in a business that I thought was a good idea, but I have no background explaining anything of what determines a great business plan.

Right.

And that money, large sums of money is gone within a decade.

Exactly.

But when you really think of it, if you have a lack of basic financial literacy, which a lot of Americans do, there are studies out there that will tell you over 50 percent of Americans feel like they were never taught to handle money properly.

Right.

So when you frame it up on that and then you say, OK, not only do you not know basic financial literacy, which is really, you know, budgeting, living on less than you make.

understanding taxes, understanding investing, right?

Those basic levels.

Then you pile it on with other things.

Like we said earlier, money is emotional.

So now you're piling it on with, well, I grew up poor, so I have scarcity mentality.

So this idea that I finally have money I can spend, spend, spend, not really understanding the value of that dollar.

I have to take care of my family.

You know, they're counting on me.

So these are all these relational aspects of the money.

Then you pile it on with, well, what about business sense?