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Ep #41 - Just because the stereotype that childfree people have more disposable income exists, doesn't make it true. And even if it is, childfree Latinas y Latines might have the added burden of a scarcity mindset instilled upon us by our culture. Instead of generational wealth, we inherit generational trauma.
Did you know that less than 0.5% of Latines in the US have money in the stock market? That's not even a full percentage point, it's half of one. And that's by design.
Financial educator, Linda Garcia is on a mission to change that. She's convinced we can all be well on our way to becoming millionaires in the next 10 years if we start now. So what's her secret?
In her book Wealth Warrior: Eight Steps for Communities of Color to Conquer the Stock Market, Linda breaks down the barriers communities of colors routinely face and provides readers with the tools to get to the root of our money wounds so that brown people can bridge the wealth gap.
The book is a must-read if you've ever felt intimidated in white spaces. While yes, you will learn about buying stocks and how to build a portfolio, what's really at the heart of it is dismantling the idea that being rich, having money, and living without financial stress is not something you're allowed to have. Let's unlearn that toxic BS, mi gente!
Key takeaways from this episode:
- Learn what money wounds might be keeping you from seeing yourself as an investor
- What you need, in addition to financial literacy, in order to become wealthy
- Why YOU have a responsibility to acquire and grow wealth
Let's all become millionaires!
***Support the show for as little as $3/month at https://pauletteerato.com/support
Find Linda on Instagram as @Luz Warrior, and her community @InLuzWeTrust
To get the full show notes, and an episode transcript, go to PauletteErato.com
Audio Engineered by Robert Lopez // www.cratesaudio.com
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