Mellody Hobson: ‘Black Women Have it Easier in Business’

When Mellody Hobson started her first job after college, she’d pay her phone bill five months at a time. Even though she had a stable gig at the firm Ariel Investments, she couldn’t shake the mentality that it could go away at any time. Paying her bills in advance gave her a sense of security that she didn’t have growing up.As the youngest of six children raised by a single mom, Hobson remembers regularly getting evicted and watching her mom borrow gas to drive her to school. It may not have been an easy childhood, but it’s what sparked her interest in learning about money.

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