ATLANTA (AFX) - Hip-hop mogul Russell Simmons says financial planning and credit stability should be a priority for youngsters, rather than spending their money on material items.
'They don't need to just pay attention to the bling,' he said. 'Rappers spending countless money are on television. But in real life, these artists are very responsible with their money.'
Russell along with other financial advisers and hip-hop figures such as Jermaine Dupri, Ludacris and Paul Wall talked about financial empowerment to about 1,500 attendees at Morris Brown College on Saturday.
A 182-page booklet, half in English and half in Spanish, was given out in a gift bag to everyone who attended the summit. The book included the importance of home ownership, credit repair, entrepreneurship and vehicle financing.
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