EP. 128 - Money Expert: This Is The WRONG Way To Build Generational Wealth…! ft. Selina Flavius (Black Girl Finance)
Description
Joining us in the booth this week is Selina Flavius, who is a finance coach and founder of Award winning Financial Coaching and financial literacy platform, Black Girl Finance.
In this episode we discuss:
- How Black Women are missing out on billions of pounds
- How we can close the pay gap for Black Women
- How Women can mitigate the impact of family planning on their careers
- We need to think like ‘owners’ not just “consumers”
- What to do if you’re stressed about money…!
- 3 lessons on money management you NEED to know
- How to build wealth for your children
- Actions stopping you from building wealth
- How to start building wealth today..!
- The RIGHT way to build generational wealth
- Why you NEED to speak to your family about money and much more!
Buy a copy of Selina's book "Black Girl Finance: Let's Talk Money" here - https://amzn.to/45OfNsr
Connect with Selina on her website here - https://blackgirlfinance.co.uk
Connect with Selina on Instagram here - https://www.instagram.com/blackgirlfinanceuk
Follow me on:
- Instagram - https://www.instagram.com/savvywallet
- Tiktok - https://www.tiktok.com/@savvywallet
Check out: https://www.youtube.com/savvywallet for the video version
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TIMESTAMPS
00:00 - Preview
01:15 - Intro
01:51 - Meet Finance Coach Selina Flavius
07:23 - Biggest lessons I learnt from my parents
08:39 - Growing up in Hackney
12:35 - Why I started Black Girl Finance!
17:38 - We’re not taught about money
19:55 - What to expect from the Black Girl Finance book..!
23:02 - Ethnicity/Gender Pay Gap
25:18 - How can we close the pay gap for Black Women?
27:42 - How Women can mitigate the impact of family planning on their careers
31:06 - Balancing hitting your financial goals vs helping others
34:24 - Black women are more likely to reduce working hours than retire!
37:23 - Why YOU NEED to contribute to a pension…!
41:22 - What to do if you’re stressed about money…!
47:06 - If I didn’t use money in a way to value myself I wouldn’t be here!
53:38 - Better to take small consistent steps than…!
56:25 - 3 lessons on money management you NEED to know!
01:00:04 - This is what’s stopping you from building wealth
01:04:57 - How to start building wealth today..!
01:05:38 - Generational wealth isn’t just about money!
01:07:49 - The importance of assets in wealth building
01:09:50 - How to build wealth for your children
01:13:10 - How to set up a junior ISA
01:13:47 - Why you NEED to speak to your family about financial affairs…!
01:20:31 - Final words
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