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Talk Wealth to Me

Author: Felipe Arevalo, Chase Peckham, Katie Utterback

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DebtWave Credit Counseling and the San Diego Financial Literacy Center present Talk Wealth To Me: The safe-space podcast where we chat about anything and everything related to personal finance. Hosted by Chase Peckham, Felipe Arevalo, and Katie Utterback, Talk Wealth To Me is for anyone and everyone who wants to better their financial situation and improve their financial education.
64 Episodes
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Paying back credit card debt is often stressful. Many people don't know what their interest rates are, and if they do, whether that rate is a good or bad one. It can be a daunting task figuring out how to get out from under seemingly never-ending credit card debt. You can scour the internet trying to find the best ways to pay it back. You will also find that there is a ton of information, books and articles on the subject. There are also companies with programs that can help. But which one is the right one? One option is consumer credit counseling. This episode our guest is Carlos Perez, Director of Counseling Services at DebtWave Credit Counseling, Inc. We discuss the pros and cons of nonprofit organizations' services and other programs available to help.Support the show (https://www.sdflc.org/help-sdflc/donate/)
Working in the personal finance industry and providing education to others has shown us that there are topics that are regularly missed or misunderstood. Often we can predict the questions people are going to ask before the words even leave their mouths. No more so than in the world of consumer credit. The famous - or infamous, depending on how you look at it - credit report and its close cousin, the credit score. There are many myths that never seem to escape financial misinformation lore.In this episode, Chase and Felipe discuss the most common myths and bring them full circle to reality. Some are total myths and some are half-truths, but we cover them all!Support the show (https://www.sdflc.org/help-sdflc/donate/)
The team is joined by our third team member Katie! The team catches up on financial, self care and other everyday topics like:How are you staying entertained during COVIDWhat are some free or almost free self care ideasHow the team did on Amazon Prime Day (Hint: Felipe didn't do as well)Also Chase discovered a new app We chat about all this and more in our Quarantine Update #3.About The ShowTo learn more about DebtWave Credit Counseling, visit our website or connect with us on Facebook, Twitter, Instagram, and LinkedIn.To learn more about the San Diego Financial Literacy Center, visit our website or connect with us on Facebook and Twitter.Support the show (https://www.sdflc.org/help-sdflc/donate/)
Financial literacy education is vital for the financial health and future of our country. The ways in which we deliver that education are diverse. One thing we know is educating our youth in the ways of personal finance is important and Intuit, the innovative founders of Mint, Turbo Tax and Quick Books, are putting their expertise and resources into creating new technologies to to do just that. Jared Davidove, Senior Manager, Strategic Education Partnerships, is working to bring this technology to youth through those on the front lines - our nation's teachers. We talk with Jared about everything from how it began to where we are now, as well as the challenges that all financial educators face.Support the show (https://www.sdflc.org/help-sdflc/donate/)
Renting vs buying a house debate is one we hear all the time in the financial industry. There’s no one, easy answer because buying isn’t always better than renting. It’s not really throwing money away to rent. We dive deep into this very topic with Eric Roberge, a Certified Financial Planner (CFP) and founder of Beyond Your Hammock where he helps his clients make the best financial decisions for them and their future including whether it’s time to rent or buy a home.#rentorbuySupport the show (https://www.sdflc.org/help-sdflc/donate/)
This week’s guest is a true powerhouse! She had to make her way in the world at the young age of 16. Life threw many roadblocks her way including a marriage that she knew wasn’t good for her or her children. She also, like others had to endure the 2008 crash which turned the real estate market upside downThrough all of that she persevered and is a super successful real estate entrepreneur and business coach. She is co-founder of the #1 real estate team in the Atlanta metro area, and is the coach of real estate agents across the country.He also wrote "The Million Dollar Trap" which brings together what she's learned through her time in real estate and in life. Her goal is to help women who feel stuck and help inspire them to know they can do anything.We talk about how she put every last penny back into her business and learned how to use what finances she had to build the life she thought she never dreamed of.Support the show (https://www.sdflc.org/help-sdflc/donate/)
Support the show (https://www.sdflc.org/help-sdflc/donate/)
When most people think of financial planning they think of the stock market, Wall Street, or buying, selling stocks and only for wealthy people. That is all part of it but it isn't the whole picture. It is far more than that and frankly it is and should be for everyone who makes a living and looking for a clear road map to a brighter financial future for themselves, their families and future generations. The problem is people tend to think it isn't for them or , they don't make enough money. Well we aim to simplify financial planning. This week we sit down with a long time volunteer for the SDFLC, a Certified Financial Planner, Paul Lim of The Wealth Consulting Group.Paul graduated from Johns Hopkins University with a bachelor’s degree in economics and has been recognized throughout his career for both his professional achievements and outstanding community service in the greater San Diego area. His dedication to achieving both personal and professional excellence began early on as evidenced by his being named a “30 Under 30 – San Diego County Leader” by Patch San Diego.Enjoy!Support the show (https://www.sdflc.org/help-sdflc/donate/)
Money... Finances... are so incredibly mental and emotional. Yet we all tend to learn about these on our own and figure everything will work out. Why shouldn't we get help with it? Not just setting ourselves up for retirement but with the emotional side of it? According to the Financial Therapy Association, financial therapy is a process informed by both therapeutic and financial competencies that helps people think, feel and behave differently with money to improve overall well-being through evidence-based practices and interventions. On this podcast, we spend time talking about decision making regarding money and finances. Why is it that we make the decisions we make? Why does buying something off Amazon make me feel better? Why am I afraid to buy anything? Have you ever wondered how money makes you feel and what money means to you? Well, we get down deep into those questions and more with Nathan Astle. Nate is family therapist at Kansas State University where he is also attending graduate school. He is also a board member at the Financial Therapy Association. https://www.financialtherapyassociation.org/https://www.linkedin.com/in/nathanastle/Support the show (https://www.sdflc.org/help-sdflc/donate/)
Shawn D. Rochester is the CEO of Good Steward LLC (GSL) and the founder of PHD Enterprises, and the IDEA Institute. Shawn grew up between the New York area (Brooklyn and Queens) and Barbados. He then attended the University of Rochester and ultimately with a degree in chemical engineering and a Master’s degree in Business Administration from The University of Chicago Booth School of Business with a focus in Accounting, Finance and Entrepreneurship. He is the acclaimed author of The Black Tax (which is the financial cost of conscious and unconscious anti-black discrimination), creates a massive financial burden on Black American households that dramatically reduces their ability to leave a substantial legacy for future generations. Please enjoy this great discussion with Mr. Shawn Rochester.Support the show (https://www.sdflc.org/help-sdflc/donate/)
Taking the first steps to start investing is intimidating for most of us. We think investing is for the experts - and how do you know what expert is the right one for you? We couldn't possibly do it ourselves, right? But who has more interest in your financial future than you? You may also think that you need to be good at math to invest, but that just isn't true. In this episode, the Talk Wealth To Me crew sits down with the Invest Diva herself, Kiana Danial. This fascinating, Iran-born woman takes us on her journey of heading to Japan to study electrical engineering during the time of the 2008 recession. This period turned out to be an incredible learning experience that changed her professional course. Kiana headed to the Big Apple to work in the world of finance which turned out to be nothing like what she expected.The founder of Invest Diva discusses how she began and how her passion for teaching has led her to great heights by lifting up individuals, especially women, to be successful at investing and creating wealth in ways they never imagined they could.Support the show (https://www.sdflc.org/help-sdflc/donate/)
Personal finance is like a language. Each country or culture has its own way of managing, saving, spending, and investing money. While there may be similarities across international borders the fact of the matter is there are numerous aspects of the financial system that are individual to each country. For immigrants, particularly those who have just arrived in the United States, our financial system might be the most confusing aspect of their new country. It's not just the finances related to the citizenship application, it's also figuring out the banking system, how Americans use credit cards and credit, finding a job, finding a home, paying taxes, and more.Joining us on the show is Paulina Reyes, a San Diego-based immigration attorney. Paulina shares her own experience immigrating to the U.S. from Mexico as a child with her parents and sisters, how immigrant communities work together to support one another, and more!Support the show (https://www.sdflc.org/help-sdflc/donate/)
You've likely heard the terms before:willstrustssimple trustcomplex trustgenerational wealth But do you really understand what they mean or how these tools can help you and your loved ones financially?Joining us on the show to help navigate the differences between wills, trusts, and how generational wealth can benefit your family is Dr. Gail Hamilton, owner, and principal of BeeConnectedLife.com, a service that helps private businesses and families establish trusts & foundations.A will is a legal document that spells out your wishes regarding the care of your children, as well as the distribution of your assets after your death.A trust is another method of estate transfer—a fiduciary relationship in which you give another party authority to handle your assets for the benefit of a third party, your beneficiaries.A trust can be created for a variety of functions, and there are many types of trusts. The difference between a will and a trust is when they kick into action.A will lays out your wishes for after you die. A living revocable trust becomes effective immediately. While you are alive you can be in full charge of your trust. And when you become incapacitated or die, the person you appoint as the successor trustee can easily step in and handle your affairs exactly as you have laid out in the document.About Dr. Gail HamiltonFor more information on Dr. Gail Hamilton or her work establishing trusts and foundations for families and private businesses, visit BeeConnectedLife.com. To purchase Dr. Hamilton's book, Wisdom From Queens: Vol. 3, visit DocGail.com. Questions for the show?Email us at TalkWealthPodcast[@] gmail [dot]com Support the show (https://www.sdflc.org/help-sdflc/donate/)
To wrap up Season Two, the Talk Wealth To Me team "replies all" to questions we've received during Season Two from our listeners.From COVID-19 budgeting tips to payday loans, you have questions and we have answers.About the ShowComments, questions or suggestions for the show? Email us at talkwealthpodcast@gmail.com.To learn more about DebtWave Credit Counseling, visit our website or connect with us on Facebook, Twitter, Instagram, and LinkedIn.To learn more about the San Diego Financial Literacy Center, visit our website or connect with us on Facebook and Twitter.Support the show (https://www.sdflc.org/help-sdflc/donate/)
It's no secret that the coronavirus has prompted many consumers to rethink our homes and their purpose. During the stay-at-home orders, many of us saw our home transform into something far more than just for eating and sleeping: our home become our new office, the gym, the movie theater, church, the playground, and more. Some forever-renters have since departed their beloved urban apartments in favor of single-family homes with outdoor space for kids and pets to run around. Others are just looking for more space now that we're working, playing, sleeping, and eating within the walls of our homes. Consumers concerned about the value of their homes are putting their homes on the market too, fearful their home values will plummet in the COVID economy.Despite record unemployment and no end in sight to the stay-at-home orders, homes are selling at record highs throughout the U.S. Some homes are selling so quickly in fact that sellers have increasingly grown nervous they won't find a new home before they're expected to leave their current property. Joining us on the show is Daniel Lehman, Owner and Team Lead of The Lehman Group. Daniel joins the Talk Wealth To Me crew for a discussion on how to decide whether buying a home right now is a smart money move for your family's finances and more!Support the show (https://www.sdflc.org/help-sdflc/donate/)
Have you ever wondered why you have the relationship you do with money? For years financial professionals have known our childhood experiences with money shape our perception of money and our ability to save, spend, invest, and donate. But many of us were unaware of our money stories not just from our own life experiences, we were unaware of the experiences our parents, grandparents and other ancestors had with money.As it turns out, experiences with money, particularly those of a traumatic variety, can shape our perception of money and our ability to successfully use it as a tool for generations. Joining us on the show is financial educator and financial wellness expert Eugenié George, who recently self-published a book, "Our Money Stories," in June 2020 exploring this very topic.About Eugenié GeorgeFor the past two years, I have gathered uncomfortable data and created an unorthodox way of viewing money patterns, interviewing, Women of Color, and Financial Advisors. I used Financial Wellness as the vehicle because there was a blue ocean to examine how ancestry, behavior economics, and habits can dramatically impact our views around money. So during my time as an MBA student, I decided to try my hand at writing non-fiction. I had a budget of $2,000 and I set out to self-publish a book. Finding interviews, academic data, and scheduling time on a shoestring budget was tough, but it’s something I’m proud of. The result was my debut, Our Money Stories, which has just been released. During a pandemic and our national response to critical conversations around race and equity. topic.Support the show (https://www.sdflc.org/help-sdflc/donate/)
Following the murder of George Floyd by the Minneapolis Police Department in May 2020, national attention has turned to systemic racism within the United States, specifically for Black people. Some may wonder what racism has to do with finances, but the answer is everything. Systemic racism is still rooted in all aspects of our society today, and progress is still needed for Black Americans to have true equality.Take employment for example:Studies show that companies are more likely to call back a candidate who has a name that's more commonly associated with White people.Black Americans are more likely to be unemployed or have low-paying jobs compared to White Americans. That's in part due to education disparities. But studies show Black workers earn less than White workers even when they have the same education.There's also the racial wage gap: the Economic Policy Institute says that in 2017, Black men made about 70 cents for every $1 their White counterpart made. The gap is especially large when it comes to Black women, who make 62 cents for every $1 a White man makes, according to the National Women's Law Center.This is just one example. Systemic racism has impacted housing, education, wealth, health care, criminal justice, policing, and voting. There's no simple fix to reversing centuries of discrimination. But understanding how pervasive it is, is step one.George Floyd's murder may not have ever occurred if systemic racism didn't also affect finances. As Katie mentions during the show, the Minneapolis police were originally called because a counterfeit $20 had been used, and as the owner of Cup Foods has told numerous news outlets, he was not sure George Floyd knew the money was fake and that law enforcement normally would stop by the supermarket and pick up the counterfeit currency.Regardless of whether George Floyd knew the money was counterfeit, it should have never been a death sentence. As Mark McCoy, a 44-year-old white archaeology professor at Southern Methodist University wrote: “George Floyd and I were both arrested for allegedly spending a counterfeit $20 bill. For George Floyd, a man my age, with two kids, it was a death sentence. For me, it is a story I sometimes tell at parties. That, my friends, is White privilege.”Joining us on the show to delve deeper into the very-large topic of Racism + Finances is Michelle Jackson, host of the "Michelle is Money Hungry" podcast and author of a blog and website of the same name. IncomeWhite: $71,000Black: $41,000Median Net WorthWhite: $171,000 (10x higher than the average Black person's net worth)Black: $17,600PovertyWhite: 8.1%Black: 20.8%UnemploymentWhite: 14.2%Black: 16.7%No Access to Health CareWhite: 5.4%Black: 9.7%COVID-19 DeathsBlack people represent 13% populationBlack people represent 23% COVID-19 deathsAbout Michelle JacksonMichelle accrued more than $60,000 in unsecured debt and paid off that debt while supporting her mom financially while working as a Starbuck's barista. Michelle shares her struggles and triumphs, as well as those of other personal finance bloggers, on her podcast and blog, Michelle is Money Hungry. She also created a financial retreat for financially single women Money on the Mountain.Support the show (https://www.sdflc.org/help-sdflc/donate/)
We may forget we’re not born inherently knowing how to earn, spend, save, or give money. And may not even know how to even go about beginning to have these conversations with our kids. Many parents expect their kids will learn how to properly manage their money at school. But the reality is most kids are not learning how to spend, save, invest, or donate their money at all let alone in a healthy way.This is concerning given that a report by researchers at the University of Cambridge commissioned by the United Kingdom’s Money Advice Service revealed that kids’ money habits are formed by age 7. Age 7!Additionally, a 2017 Parents, Kids, & Money Survey conducted by T. Rowe Price found that parents who discussed financial topics with their kids were more likely (61% vs 41%) to have kids who say they are smart about money.Joining us on the show is Bill Dwight, CEO and founder of FamZoo, a private family banking system designed to help parents teach kids to earn, save, spend, and donate money wisely in a safe, friendly environment.Bill joins us to share how parents can use a variety of tools to not only educate their children when it comes to money habits, he shares how parents can use technology to not only expose your children to real-life experience with money but to spark those crucial money conversations. About FamZooFamZoo isn’t just a convenient prepaid card for families. It’s a hands-on financial education for kids of all ages — preschool through college. Learn more here.About The ShowTo learn more about DebtWave Credit Counseling, visit our website or connect with us on Facebook, Twitter, Instagram, and LinkedIn.To learn more about the San Diego Financial Literacy Center, visit our website or connect with us on Facebook and Twitter.Support the show (https://www.sdflc.org/help-sdflc/donate/)
Child abuse. Warfare. Assault. A devastating accident. If you have endured one or more life-threatening events, you may be more likely to make destructive money decisions.Researchers discovered that post-traumatic stress alters the way a person thinks and reacts to situations, including financial behavior. In other words: “Traumatic experiences cause our brain to overreact. They force us into a stress mode where we are compelled to take action as a protective measure."One of the most common ways our financial stress manifests is in the form of oppressive credit card debt. Having overcome homelessness, domestic violence, health issues including paralysis and extreme pain, Kylie Travers knows firsthand how difficult life can be and joins us to share exactly how she changed her mental mindset and improved her financial situation several times over the years.About Kylie TraversKylie Travers is based in Melbourne, Australia with her two young daughters. She went from homeless single mother to multiple international award-winning CEO, author, speaker, and ambassador in the space of a few years. Connect with Kylie on her website The Thrifty Issue. Or on Facebook, Twitter, or Instagram.About The ShowTo learn more about DebtWave Credit Counseling, visit our website or connect with us on Facebook, Twitter, Instagram, and LinkedIn.To learn more about the San Diego Financial Literacy Center, visit our website or connect with us on Facebook and Twitter.Support the show (https://www.sdflc.org/help-sdflc/donate/)
Life is slowly starting to go back to a new state of normal, but many of us are still under strict social distancing orders and are required to wear face masks.While many of us felt our lives were turned upside down when the coronavirus pandemic shutdowns first began to happen, now that we're three-months or so into the stay-at-home orders, have you begun adjusting to working, eating, playing, and living from your home?Have you noticed any changes in your budget?Are your groceries costing you more?Have you been ordering take-out more frequently?Are you buying items you normally wouldn't purchase?Has your clothing budget gotten out of control with loungewear and yoga pants?Are you saving more money?We chat about all this and more in our Quarantine Update #2.About The ShowTo learn more about DebtWave Credit Counseling, visit our website or connect with us on Facebook, Twitter, Instagram, and LinkedIn.To learn more about the San Diego Financial Literacy Center, visit our website or connect with us on Facebook and Twitter.Support the show (https://www.sdflc.org/help-sdflc/donate/)
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