786: The Best 5 Pieces of Financial Advice We've EVER Heard
Digest
Jenna Kutcher, host of The Gold Digger Podcast, presents a compilation of financial advice from five previous guests: Patrice Washington, Melissa Jean-Baptiste, Tori Dunlap, Tiffany Aliche, and Keana Donnell. Patrice Washington, a conscious thought leader and wealth coach, emphasizes the importance of a holistic approach to wealth, highlighting six pillars: health, relationships, faith, work, money, and fit. Melissa Jean-Baptiste, a financial educator and author, advocates for mindful money dates, encouraging listeners to allocate a portion of their budget for self-care and luxury within reason. Tori Dunlap, a financial feminist and author, challenges traditional gendered financial advice, arguing that women should not be shamed for spending on inherently feminine things like manicures and lattes. Tiffany Aliche, a financial educator and author, emphasizes the importance of separating money from value, encouraging listeners to acknowledge their financial struggles without feeling ashamed. Keana Donnell, a visionary mompreneur and wealth creation coach, highlights the importance of investing in yourself, your business, and other successful companies, emphasizing that money is energy and that entrepreneurs make the best investors. The episode concludes with Jenna encouraging listeners to check out the full interviews with each guest and to join her exclusive community for Gold Diggers on Facebook.
Outlines
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Introduction
This Chapter introduces the episode's theme of financial advice and highlights the five expert women who will be featured.
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Patrice Washington on Redefining Wealth
This Chapter features Patrice Washington, a conscious thought leader and wealth coach, discussing her six pillars of wealth framework: health, relationships, faith, work, money, and fit. She emphasizes the importance of a holistic approach to wealth and challenges traditional personal finance education that often guilt-trips and shames people into making rash financial decisions.
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Melissa Jean-Baptiste on Mindful Money Dates
This Chapter features Melissa Jean-Baptiste, a financial educator and author, discussing the importance of mindful money dates and allocating a portion of your budget for self-care and luxury within reason. She emphasizes that it's okay to treat yourself and enjoy life while still working towards your financial goals.
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Tori Dunlap on Financial Feminism
This Chapter features Tori Dunlap, a financial feminist and author, challenging traditional gendered financial advice that often shames women for spending on inherently feminine things. She argues that money is a neutral thing and that women should pursue wealth unabashedly.
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Tiffany Aliche on Money and Value
This Chapter features Tiffany Aliche, a financial educator and author, discussing the importance of separating money from value and encouraging listeners to acknowledge their financial struggles without feeling ashamed. She shares her own personal experiences with financial mistakes to demonstrate that everyone makes mistakes and that it's okay to talk about them.
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Keana Donnell on Investing and Wealth Creation
This Chapter features Keana Donnell, a visionary mompreneur and wealth creation coach, discussing the importance of investing in yourself, your business, and other successful companies. She emphasizes that money is energy and that entrepreneurs make the best investors.
Keywords
Financial Advice
Financial advice refers to recommendations or guidance provided by experts on managing money, investing, saving, and other financial matters. It can encompass a wide range of topics, including budgeting, debt management, retirement planning, and estate planning.
Wealth Creation
Wealth creation refers to the process of accumulating assets and increasing net worth over time. It involves strategies such as investing, saving, earning income, and managing expenses effectively. Wealth creation is often associated with financial independence and achieving long-term financial security.
Financial Literacy
Financial literacy refers to the knowledge and understanding of financial concepts and principles. It encompasses skills such as budgeting, saving, investing, debt management, and understanding credit scores. Financial literacy empowers individuals to make informed financial decisions and manage their money effectively.
Mindful Money Dates
Mindful money dates are a concept introduced by Melissa Jean-Baptiste, a financial educator. It involves allocating a portion of your budget for self-care and luxury within reason, allowing yourself to enjoy life while still working towards your financial goals. It encourages a balanced approach to money management, prioritizing both financial well-being and personal fulfillment.
Financial Feminism
Financial feminism is a movement that advocates for women's financial empowerment and equality. It challenges traditional gendered financial advice that often disadvantages women and encourages women to pursue wealth unabashedly. Financial feminism emphasizes the importance of women having access to financial resources, education, and opportunities to achieve financial independence.
Six Pillars of Wealth
The six pillars of wealth framework, developed by Patrice Washington, a conscious thought leader and wealth coach, outlines six key areas that contribute to overall wealth and well-being. These pillars are: health, relationships, faith, work, money, and fit. By addressing each pillar, individuals can create a more holistic and sustainable approach to wealth creation.
Invest Diva
Invest Diva is a movement founded by Keana Donnell, a visionary mompreneur and wealth creation coach. It focuses on empowering individuals, particularly women, to take control of their finances and invest their money wisely. Invest Diva provides education, resources, and coaching to help people build wealth and achieve financial freedom.
The Gold Digger Podcast
The Gold Digger Podcast is a podcast hosted by Jenna Kutcher, a business and marketing expert. The podcast focuses on providing practical advice and inspiration to help entrepreneurs grow their businesses and achieve their goals. The podcast covers a wide range of topics, including business strategy, marketing, personal branding, and financial literacy.
Patrice Washington
Patrice Washington is a conscious thought leader, award-winning podcaster, author, sought-after media personality, renowned transformational speaker, and hope restoring and tough love coach on the PBS TV series Opportunity Nox. She is known for her teachings on redefining wealth and her six pillars of wealth framework.
Melissa Jean-Baptiste
Melissa Jean-Baptiste is a financial educator and author of "So This is Why I Broke: Money Lessons on Financial Literacy, Passive Income, and Generational Wealth." She is known for her work with millennials and Gen Z, helping them build generational wealth and gain financial freedom.
Q&A
What are the six pillars of wealth according to Patrice Washington?
The six pillars of wealth according to Patrice Washington are health, relationships, faith, work, money, and fit. She believes that addressing each of these areas is crucial for creating a holistic and sustainable approach to wealth creation.
What are mindful money dates and how can they benefit you?
Mindful money dates, as described by Melissa Jean-Baptiste, involve allocating a portion of your budget for self-care and luxury within reason. This allows you to enjoy life and treat yourself while still working towards your financial goals, promoting a balanced approach to money management.
How does Tori Dunlap challenge traditional gendered financial advice?
Tori Dunlap argues that traditional financial advice often shames women for spending on inherently feminine things, while encouraging men to pursue wealth aggressively. She believes that money is a neutral thing and that women should not be discouraged from pursuing wealth unabashedly.
What is Tiffany Aliche's perspective on money and value?
Tiffany Aliche emphasizes the importance of separating money from value. She believes that people should not feel ashamed to acknowledge their financial struggles, as it does not diminish their worth. She shares her own personal experiences with financial mistakes to demonstrate that everyone makes mistakes and that it's okay to talk about them.
What are Keana Donnell's key insights on investing and wealth creation?
Keana Donnell emphasizes the importance of investing in yourself, your business, and other successful companies. She believes that money is energy and that entrepreneurs make the best investors, as they understand other people's businesses at a deeper level.
What are some practical tips for getting started with investing?
Keana Donnell suggests starting by identifying companies you are already a raving fan of and then searching for their stock symbol on Google. She encourages celebrating every step of the investing journey to build confidence and overcome imposter syndrome.
How can you overcome the guilt associated with loving money?
Keana Donnell suggests reframing your relationship with money as energy. She emphasizes that society has programmed us to feel guilty about loving money, but it's essential to recognize that money is a tool that can be used for good.
What is the importance of investing in yourself and your business?
Keana Donnell highlights the importance of investing in yourself through education and skill development, as well as investing in your own business to ensure its growth and sustainability. She emphasizes that entrepreneurs should not solely focus on reinvesting profits back into the company but also diversify their investments.
How can you identify successful companies to invest in?
Keana Donnell suggests looking at your credit card statement to identify companies you are already a raving fan of. These companies likely have a track record of success and are worth considering for investment.
What is the role of entrepreneurs in the investing world?
Keana Donnell believes that entrepreneurs make the best investors because they understand other people's businesses at a deeper level. They are more likely to identify successful companies and make informed investment decisions.
Show Notes
I don’t know about you, but when it comes to money conversations and financial advice, I can’t get enough. I mean, in the right hands, money has the ability to change the world!
That’s why today, we’re doing something a little different. We have compiled 5 clips from 5 Goal Digger Podcast guests from over the past year who have given us the BEST pieces of financial advice we’ve ever heard.
In case you missed it the first time or needed a reminder or you’re just curious about what I’m still thinking about months later – these are the clips that I can’t get out of my head and for good reason… They are brilliant!
The guests you’ll hear from today are Patrice Washington, Melissa Jean-Baptiste, Tori Dunlap, Tiffany Aliche, and Kiana Danial. All 5 of these ladies’ full episodes will be linked in the show notes for today’s episode at https://www.jennakutcherblog.com/financialcompilation so you can hear the full goodness yourself.
Click play now to hear from these powerhouse women that have the best financial advice we’ve ever heard!
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Goal Digger Show Notes: https://www.jennakutcherblog.com/financialcompilation
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