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The actor got candid about personal finance and investing for the future.

Anthony Anderson’s mother didn’t raise no fool. The Black-ish actor spoke at “Correcting My Financial Course” at the ESSENCE Fest 2017 to delve into personal finance, generational wealth and investing.

Having been in the industry for two decades, the comedic actor knows the harsh realities of a business that never guarantees continuous work. “You can’t continue to give away your money,” he said about family members asking for money. “You can’t be a Robin Hood to the hood.”

Anderson even had to draw the line with his own mother, breaking down the math of what it cost to give her large amounts of money.

“You know, it’s great to want to and take care of your friends and take care of your family, but that gets you nowhere,” he said. “I love my mother, I would do anything for my mother, and my mother always told me when I was growing up she didn’t raise a fool. So my mother at times would ask me for 30, 40, 50 thousand dollars at a time. And there came a point where I had to shut that off. And I had to say ‘no’. And she didn’t understand that and I was like, ‘Well mom, you didn’t raise a fool.’”

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source:  ESSENCE

Danielle Kwateng-Clark

Anthony Anderson Had To Tell His Mother ‘No’ When She Kept Asking Him For Money  was originally published on