Black families need to talk at the dinner table.

So what has brought us here? The need for knowledge, we are just learning about the conversations as black families that we are very much in need of having. And to make a well-informed decision, knowledge is key. Fiduciary. What is the definition of this word? The Cambridge English Dictionary defines it as a person or an organization who is responsible for the managing of money or property that belongs to some other person or organization suitably or responsibly. This mostly means, they look out for the people they serve not the shareholders. Whether it's life insurance, health insurance or even real estate companies. Take time to find as much as you can about these companies. You will find that most of these companies want to first, educate customers on the difference between them and other companies. They want you to not only understand the cost of their products but, the real reason you need it. What an eye-opener, when a life insurance company tells you. Look! Sir or Madam. "Life insurance is not for the dead, it's for the living that's left alive to maintain a decent living". Your rent and other utilities along with food other bills are all still due and coming in the mail. The family's way of life will be at stake. These and other conversations must be had at some point. The dinner table is the best place where families that eat together should be talking about things like this. The Department of Family and Children Service offers some tips on this subject and other conversational starters on their family topic sites on getting the conversation started. Like being at the doctor's office. We need to start asking questions about things we do not understand. Black families are learning, saving money is like finding money. Being more informed about the purchases we make is very valuable. It has been said, "All the insurance in the world means nothing if you can not afford it". Dealing with the right company that will help you bundle up your accounts is a good thing. Home, life and auto all bundled together will help you save time and money. All of this while getting the best bang for your dollar. This is what black families are missing. Young adults need to be added to some these family talks. If they are old enough to understand like 17 and up. This makes them feel good and a part of the conversation. To adults, you should be to ones teaching them some critical thinking. Especially before getting them a credit card, teach them about debt. If you want them to know the truth then you should do the teaching of whatever that lesson is. A study done by CreditCard.com shows this to be true. Overall, this was true for almost all families. If you looking at some investments then look at a company called, Fisher Investments. This is a fiduciary investment company. They will structure all of their products and services around you and your needs. These are the types of companies I've learned, we all should have been dealing with. Why you may ask? Look at it like this, you don't go to a bank to buy life insurance. Learn about insurance in general. What is the difference between Whole Life, Universal Life and Term Insurance? Learn it then teach it! I think with proper research, you will find that Term Insurance is best. I hope this information has helped and you can use it to help you in your research so you can talk with your family. I would like to take this time to thank you for this read. If you like and agree with me helping you to have more information to make a more informed decision. Please continue, to read, like and share my work to support my ambitions.