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Posted by Dave
Rap News Network
5/5/2005 7:33:27 AM
Tags and topics realted to this article include Russell Simmons.
Russell Simmons is teaming with money guru Suze Orman for a six-city tour designed to teach young people how to manage their money.
Entitled “Get Your Money Right,” the idea is to use star power to teach money lessons that Simmons and Orman say aren't being learned at home or in the schools.
"You can say the same thing over and over again until you're blue in the face, and it doesn't stick unless it's said in the proper language," Simmons told reporters at the hip-hop lounge 40/40 in Manhattan.
The "summits" will focus on basic banking, understanding and fixing credit scores, managing assets, home ownership and car financings.
The tour opens May 14 in Detroit where rapper Eminem and "American Idol" winner Fantasia will make a one-time appearance in support of the program. Events are planned for Washington, D.C., on June 7, Miami on July 15, St. Louis on Aug. 20, Los Angeles on Sept. 17 and Chicago on Nov. 5.
Orman, who hosts a show on CNBC and has written popular books on personal finance, believes young people today are poorly equipped to handle their money.
"Listen to me: Nobody's getting their money right," she said. "Money crosses every race, every sex, every religion, every tax bracket. It is the foundation of your life, whether you want to believe it or not."
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