Money Habits and Culture

I want to hear from African-American certified financial planners and financial experts, what would you say are the top 5-7 money sins that plague the African-American community. Say what the sins are, why they are damaging to finances, why more prevalent in African-American culture, and what are better steps people should take instead. Am thinking of bad habit some folks have of ruining their own credit and then getting credit in their child’s name and ruining their credit too….Not saying these sins are only made by African-Americans, but that they are common among us. Send me your thoughts.