Minority Money

We often get caught up in the idea of making big purchases without fully considering the costs associated with them.

In this episode we will explore the difference between price and cost through a conversation with my 15-year-old daughter about buying a car. While my daughter was focused on the price of the car and how to pay for it, I wanted to highlight the additional costs associated with owning a car, such as insurance, maintena...

What financial advice would you give to your younger self or your children?

In this episode, I’ll discuss principles for teaching young people about money. These include paying oneself first, not spending more than one makes, investing early and frequently, never stop learning, and managing debt effectively. It is very important to have open conversations with family members about money and building a healthy relationship with it.

Bu...

As we near the end of the year's first quarter, let’s reflect on the goals we have accomplished and those we still aim to achieve. 

In this episode, we’ll talk about removing obstacles and distractions in our lives that prevent us from reaching our financial goals. We will also explore the concept of body budgeting and how it ties into the brain's function in the body's ability to budget. 

Plus, don't forget to sign up for ...

Spring has arrived, and it's time to freshen up more than just your home! Why not give your finances a much-needed clean-up? 

Join me in this episode as we dive into the benefits of spring cleaning your finances and discover how Gen X Wealth's Jumpstart Your Finances Bootcamp can help you reach your financial goals. 

Let's make this season the start of a new, financially savvy you!

Key Points:

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Businesses beware: The collapse of Silicon Valley Bank sends a stark reminder of the impact a bank failure can have. 

In this episode, we explore the far-reaching consequences of the bank run that caused its downfall and the importance of FDIC insurance for both individuals and businesses. 

Listen to learn more about the impact of Silicon Valley Bank's collapse on businesses and the importance of FDIC insurance for deposito...

The power of insurance should never be underestimated. But how about we dig deeper into what insurances do and realign them with your financial goals?

Today’s episode is about Indexed Universal Life insurance. We talk about how it can be a good investment while serving as your life insurance. We’ll also discuss how to understand policies so you can strategize investing for it. ...

We are already in the final days of Black History Month! 

As we set our goals, we cannot help but strive for wealth. But how about we recalibrate them and aim for your well-being?

Today’s episode is about setting your goals. We talk about how focusing on the things that speak longevity and genuine happiness as your goal brings you flexibility, cl...

If you've ever missed out on a big sale in the stock market because of fear or uncertainty, you're not alone. But don't let that fear keep you from taking advantage of potential gains.

In this episode, we'll introduce the concept of dollar-cost averaging (DCA) - a practical investment method for those just starting. DCA allows you to control the frequency of your investments and can help reduce your overall risk.

This strategy can al...

Ensure your love lasts a lifetime. Plan your estate to secure your loved one's future and bring them peace of mind.

In this episode, I will discuss the importance of estate planning and share a personal experience to highlight its benefits. I will also cover the documents that go into an estate plan, such as wills, trusts,  and medical health care directives. Estate planning will help you distribute your assets, and medical hea...

Have you ever experienced being so good at something and then suddenly just stopped doing it? Like having the discipline for months to save money, but totally lose it on a random day at a shopping center.

In today’s episode, I discuss the three magic questions that can help you discern what you need to give your time, energy, and focus on. You can only see results when you learn how to say no to things that rob you of your resources...

We are at the end of the first month of the year!

It’s safe to say that everyone is enthusiastic about meeting the beginning of the year. Everyone has their New Year’s resolution, commitment, and/or goal. Everything was planned out, yet things get in the way; life happens.

Today’s episode is about being okay when you do not reach your goals and what to do instead. When you don’t lose the weight that you want to, that’s okay. If you d...

Financial anxiety is one of the common issues among adults worldwide. Everybody worries about money from time to time, but financial anxiety is different. It can be a product of trauma and a serious mental health issue that you should resolve as soon as possible.

In this episode, we will talk about these key points that will help you understand the cause and how to deal with financial anxiety:

• Signs of Financial Anxiety 
• How ...

Partnering with a financial advisor can help you develop confidence and commitment to achieving your financial goals. But, when and why do you need a financial advisor?

In this episode, I will talk about four things that a financial advisor can bring value to you:

• Behavioral side of the financial advisor
• Customized client experience
• Tax
• Rebalancing if you're investing

Tune in now as I discuss what things could help you buil...

In a person’s working life, retirement planning is a must. You are never too young or too old to get started with it. It’s an important part of life as  you grow older. After all, who would want to work at a very old age?

Today we’re going to answer a few simple questions like "What should I do with my retirement account?”, “What retirement account suits my needs and incom...

Stop writing your new year’s resolution, it’s time to stay committed to accumulating your wealth this 2023. 

Today’s episode is about how to continue to grow wealth and how to stay on track with your goals. Set your goals right, don’t list more than three goals because you will only lose focus of what you really want to do. 

2023 is not the ...

We are back on the podcast after a short break with a mash-up of some of the best moments from 2022!

2022 has been an amazing year! As always, we've continued to highlight fellow minorities who are making waves in the financial planning space, shared their stories and tactics on how you can create generational wealth for your family. We also highlighted stories from strong independent women and the LGBTQ community.

Get ready, as 202...

There comes a season in life where you’ve planned everything out and your course seems to be going in a straight line and suddenly, everything goes wayward. Challenges begin to pile up and you don’t know which one to deal with first. When all the doors are being shut, it might be a sign for you to take an alternate course. 

Today we are joined by Shana Sissel, Founder, President, & CEO of Banríon Capital Management, the Que...

We’re about to enter the 4th quarter of 2022! How have you been doing so far? We have curated some of the episode highlights from the earlier part of the year. These episodes are foundational in planning and building towards a life of wealth for you and your family.

Take a look back on these episodes and let’s finish the year strong! Enjoy this episode!

Links to the full episodes and show notes:

Life Planning: Looking Beyond Finances ...

It doesn't matter how old you are, if you want to make a change and uplevel your skills, you can do it!

Tamara White Hutchinson is a public relations and communications practitioner of more than 20 years and recently began the process of transitioning into the financial industry, with her money coaching company, The Cash Class. Tamara and I talk about how anyone can successful...