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CEOs make double what NBA players do

African-American actor Hill Harper is telling kids if you want to get rich, start saving now and aim for the C-suite.

The program brings middle schoolers to NBA arenas, but instead of learning about the game, they are drilled on compound interest and how to aim for the C-suite.

It’s the latest effort to try to close the wealth gap between Caucasian and African-American families. As a recent Urban Institute study pointed out, the average white family has 12 times the wealth of the average African-American family.

Harper has been speaking out about these issues for years. He’s authored several books, including “The Wealth Cure: Putting Money in Its Place” and bestsellers “Letters to a Young Brother” and “Letters to a Young Sister.”

Related: Advice from Warren Buffett that could make you rich

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Source: CNN Money (1233 Articles)
Written by Heather Long