Strawberry Letter

Financial Tip: His financial book teaches principles like self-control, patience, and hope


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Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Gerron Duhon.

Purpose of the Interview

The conversation aimed to:

  • Highlight the importance of financial literacy for young adults.
  • Share Jerron Duhon’s personal journey from Lake Charles, Louisiana, to Yale University and into holistic financial planning.
  • Promote his book “The Purpose of Paper”, which focuses on building generational wealth and breaking harmful financial habits.

Key Takeaways

  1. Personal Journey & Identity Shift

    • Jerron used football as a “meal ticket” to escape his hometown, but a concussion ended his athletic career, causing an identity crisis.
    • He pivoted toward financial education and wealth creation, emphasizing long-term planning.
  2. Misconceptions About Wealth

    • Many young adults believe wealth comes quickly through gambling, sports betting, or flashy investments.
    • Social media fuels the desire to display wealth rather than build wealth, leading to poor financial decisions.
  3. Financial Habits & Framework

    • Jerron introduced his AIMS framework:
      • Awareness: Know your current financial state.
      • Intention: Set clear goals and reverse-engineer steps.
      • Mindset Change: Focus on future self, not old habits.
      • Systems: Automate savings and investments to reduce reliance on willpower.
  4. Faith and Finance Connection

    • Principles like self-control, patience, and hope—fruits of the spirit—are essential for financial discipline.
    • “Faith without works is dead” applies to money: belief must be paired with action.
  5. Generational Wealth

    • Gerron stresses taking ownership of your financial future rather than leaving the burden to your children.
    • Investing should be strategic and long-term, not like playing the lottery.
  6. Practical Advice

    • Start small but consistent (e.g., $150/month).
    • Use modern tools like Robinhood for stock investing.
    • Shift from being a consumer to an owner (invest in companies you use).

Notable Quotes

  • “Football was my meal ticket… but I realized I didn’t dream far enough.”
  • “We connect our financial decisions to display wealth instead of to build wealth.”
  • “Faith without works is dead—just like in finances.”
  • “Are you going to be the one that changes your generation, or will you leave that pressure on your children?”
  • “Good advice is timeless.”

#SHMS #STRAW #BEST

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