*Everyone has their limits. Whether you’re a celebrity like Cedric the Entertainer or a regular Joe Blow, there is only so much a person can take. Especially, when it comes to money.
For Ceddy Ced, his heart was in the right place, but he reached his limit when trying to help his family. During a recent appearance on The Breakfast Club to promote his new book, “Flipping Boxcars, “The Neighborhood” star mentioned creating a $25,000 fund to help family members with emergencies ranging from bills to mortgage payments.
The fund stemmed from requests from family for financial assistance.
“I definitely know how to say ‘no’…I say ‘nay,’ I’m past ‘no,’” Cedric said while explaining how he approaches family members borrowing money. “I used to have a whole fund for the family, every year, $25,000 for whatever it is. You can get it if you qualified…not getting it for nonsense, but if you needed school money.”
According to Cedric, the fund was set up with his sister as its manager. Family members were only allowed to take a portion of the fund as opposed to a single individual using the entire $25,000, he added.
Essence noted that the fund’s end came when family members started asking for more money.
“Some people wanted bigger and bigger checks,” Cedric admitted.
Cedric’s interview and revelation about his family fund on The Breakfast Club comes amid the release of “Flipping Boxcars,” his first novel. The page-turner is a crime thriller that centers on the lead character Babe, who is based on the funnyman’s grandfather.
In “Flipping Boxcars,” Babe gets involved in a scheme that endangers his family when it falls apart. On the verge of losing everything, Babe risks it all for one big score – a plan involving railroad boxcars.
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