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1. Think of finances in terms of family Viviek Patel is a first-year graduate student studying journalism at the University of Missouri. Raised by a single mother who immigrated from India to Mississippi, Vivek asked the panel what strategies he would need to adopt to achieve long-term financial success for both himself and his family. Vivek Patel Viviek Patel Your parents may be more help to you financially early in adult life Daymond John s mother helped him get funding for FUBU after 27 banks rejected him. But that will change over time. Studies have shown that you will take care of your parents two times longer than they have taken care of you, John noted. The question becomes what long-term investments can you have that will have tax benefits on them that you can put away for your parents, John said. Save a small portion of what you have in long term so that in 20 to 30 years these things mature and they are there for your parents

United statesShavanah aliSharon eppersonChaniah brownLauryn williamsDaymond johnMartin cabreraTigist ashakaAnthony chanVivek patelUniversity of missouriGenworth financialUniversity of marylandHampton universityAdvisor councilFinancial literacy month