The world of finance is becoming more and more complicated, and understanding it is a vital life skill, just like reading. From payday loans to credit cards to student loans, teenagers start making financial decisions as soon as they graduate from high school, or even before. Adam Ibrahim, a young and talented asset manager with more than 12 years of experience in Finance, understands this situation because he was in it.
Hailing from Great Neck, New York, Adam grew up in a lower-middle-class home with his mother, a single teacher in the New York City school system, and his younger sister during the difficult period of the early ’90s. Due to his mother’s hard work and financial literacy, she was able to provide a stable situation for her kids–something Ibrahim significantly appreciated. When he saw his friends and other people in his community struggling with the complex world of finances he knew he had to do something. So, he paired his love of community with his love of finance and began his journey to becoming one of the most talented asset managers in the country while still focusing on empowering communities.
Financially literate people significantly help create stable and powerful communities, and research has shown that financial literacy reduces income inequality resulting from many different sources. Financial education also gives teens the tools they need to strike out on their own—either in the workforce or college, buy homes, pay off debt, and save for retirement and other emergencies. And with those tools, they rely less on social services.
Adam understood this and began early crafting the skills and gaining the knowledge necessary to affect change working on Wall Street as an institutional sales intern in high school and then studying economics at Binghamton University while working for a small business law firm as a paralegal and building a property management company on the side. After graduating from Binghamton, Ibrahim purchased, developed, and managed over 50 properties across New York on behalf of himself and a handful of institutional and high net worth clients. Working with local communities, he was able to not just create a productive investment and manage his assets well, but also help inject capital into struggling communities and craft stronger connections.
Ibrahim believes that financial literacy is crucial as it builds knowledge, boosts confidence, and is the cornerstone for better decision making. People are not inherently born with these skills, so experience shapes their reality, and timeliness matters for transactional decisions. Financial education must be reinforced throughout an economic lifetime. That’s why even though Ibrahim is busy with managing his assets and creating productive investments for his clients, he still prioritizes community and education. As a Board Director of the Greater Miami-Miami Beach Police Foundation and a Board Director of Leatherstocking Cooperative Insurance Company, Ibrahim continues his dedication to his community and educating people on the complexities of the financial world, clarifying the layers of abstraction and allowing people the understand the fundamentals and regain control of their lives.