April 15, 2025 • 26 mins
Economic uncertainty is creating financial anxiety for the Latino community, but we can take practical steps to reduce stress and regain control during these challenging times. The key is acknowledging our feelings while developing new strategies to navigate rising costs, stock market volatility, and potential recession.
• Face economic reality without letting it overwhelm you
• Adjust your financial plans and consider scaling back major purchases
• Learn financial literacy as a form of resistance and empowerment
• Consider real estate investing for monthly cash flow and financial stability
• Diversify investments between stocks, bonds, and tangible assets
• Connect with community rather than isolating during stressful times
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 0 (00:00):
with everything that's been going on with the
economy, are we going intorecession?
Yes, no, maybe so, regardless.
Our grocery bill is going up,the stock market goes up and
down and down and down and downand with all these tariffs and
everything, like everything isgoing crazy and it's getting
(00:22):
overwhelming.
So in this episode I want totalk about things that we can do
, that we do have some control,and just give you some tips and
things that I am doing to get methrough this whole mess.
But first, hola, welcome toanother episode of the money
chisme podcast.
(00:43):
I am violeta, your host, and Igave you the chisme on personal
finance, real estate, investingand entrepreneurship and
anything to level up your moneywithout losing our cultura.
So, yeah, like this firstquarter of this year, these, you
(01:05):
know, first months, have beenso stressful.
I have been going through it,not going to lie, but like
because I have so many changesgoing on this year and you know
a lot of uh decisions to like,get out of the military.
My husband got out of themilitary, um, last year, end of
(01:28):
last year, and we're moving totexas, we're doing all these
things and so a lot of bigfinancial changes and all like I
feel like I kind of picked aworse time to do all this stuff
because, uh, with everythingthat has been going on, from all
(01:48):
these crazy random layoffs um,to the stock market going crazy
to, you know, like the tariffs,so what's going to happen with
uh, how much, you know, ourgrocery bill is going to go up
and all these other things andI'm going from a stable paycheck
(02:10):
and now to like my husband andI are we're trying to like
figure out and come up with aplan and we have something like
he's gonna just go active again,um, get some orders, and you
know I might do the same in thefuture when he comes back.
But like it's just so crazybecause last year I was so
(02:33):
confident with my decisions oflike I am so financially stable,
I have everything set up tomake this big move, and you
can't plan for lots of thesethings of it going like crazy.
Like who would have thought,okay, this administration was
(02:56):
just gonna like turn everythingupside down.
So it has been stressful.
I've been it.
I'm sure y'all have beenfeeling it.
So let's talk about what can wedo to reduce our stress, and the
first thing we have to do is wegotta like face.
(03:17):
It Is that a lot of times wetend to kind of do the avoidance
thing and I've done that, likefor a few weeks at a time where,
like, I just cannot look at thethings anymore, the headlines
and everything that, thedecisions that are being made.
But we just gotta be, you know,in like aware of everything
(03:44):
that's going on.
But we have to, you know, notlet it break us Like, yes, the
layoffs is pretty crazy,especially like the federal ones
that I know people that isstarting to affect and you know,
being on that side and workingwith a lot of federal workers,
(04:07):
it's kind of, you know, it hurtsme because I know a lot of
civilians that are federalworkers and you know a lot of
them are retired, you knowmilitary, so it's sad I have a
few at my job that are just kindof like waiting for the ball to
drop, I guess, of them gettingthe email that they're getting
(04:28):
fired for no reason.
And we need them because theyare the ones with the experience
and are teaching, like myselfand other people, because
military we rotate like everyfew years.
So imagine like how um,something would fall apart if
there wasn't those federalworkers that keep the um, the
(04:52):
knowledge and experience going,you know.
But you know we just gotta likeacknowledge it like it's
something that may happen, themarket with, especially with our
401ks and stuff, and us doingeverything that we're, as we're
finally figuring this shit out,right, like, okay, we gotta get
(05:15):
into the stock market so we canretire and have, you know, that
stability, y luego ahí viene,this stock market thing, and
it's like it's exhausting, it'sdefinitely mentally and
emotionally draining to see thathappen.
Um, you know, yes, it cannaturally happen, but to for it
(05:37):
to happen because of thedecisions that the
administration is doing, it's,yeah, it's, it's a little shitty
.
So I could see how we can endup being defeated, feel defeated
, like you know, apenas we'refinally getting our shit
together and now this happens,it's like it feels like, um,
(06:00):
every time that we're finallytrying and figuring our stuff
out, something happens to kindof like pushes back down, so we
cannot let it get into our heads.
Yes, stay informed, you know,keep track of what's going on so
that way you can make it, youknow, educated financial
(06:22):
decisions and feel the feelingsLike I allow myself, you know,
to feel the rage and thedepression or whatever feelings
I may be having at that time,but I have to, you know, set a
limit for myself, because I amthe type of person that I can
let it go on for a while.
(06:43):
So I'll be like all right, fortoday I will let myself feel the
feelings and then tomorrow,okay, move on, move forward,
figure something out.
So we are not powerless.
It is just time to pivot onceagain.
We can do it.
We've done it, our parents havedone it.
We just got to have like thatmentality and resilience is like
(07:07):
okay, otra vez, somethinghappened.
Now we gotta, like, change ourstrategy, which, you know,
brings me to the next um tip isthat then we have to think about
our strategy.
Look at what you are doingright now and think of what can
(07:30):
we do differently now?
What do we have to dodifferently?
So for me, for example, likethe plan was that I wasn't going
to work till the end of theyear, um, and my husband would
just be working at his job orwhatever, but he works at his,
(07:53):
you know, product based company.
It's still a startup.
So there's a lot of you knowwho knows what's going to happen
with that, because people arenot going to probably prioritize
that product, because they'regoing to be focused on being
able to afford groceries andstuff like that.
(08:15):
So we had to make the decisionthat, ok, let's pick something
that is going to probably bemore stable, which is the
military.
He's reservist so he could goand select orders, so that's
what we're having.
Um, towards the fall time frame, which is when will be my last
(08:37):
military paycheck, so then therewon't be that much gap, and so
we have that stability formyself.
I'll be going to school morethan likely, and right now we're
reviewing our finances.
We also adjusted once again thehouse that we are we're
planning to get, so now we'regonna go smaller, which,
(09:02):
realistically, is probablybetter anyways, because the
important thing is the lifestylebeing able to gain financial
freedom faster, since I'm notgoing to have such a high
mortgage.
What's important is that I'mgoing to be living with my
family and I'm going to be ableto homestead, I'm going to be
(09:25):
able to frolic with the chickensand all that and grow my own
food.
So when you're going throughyour strategy of what you had
planned originally, you're goingto get these feelings of like
frustrations and feeling likeyou're going backwards and, you
know, like failure and all thatand I had to go through those
(09:48):
feelings as well.
But then I had to think aboutit and really think okay, what
is actually the important thingis like, not the big house, not
like the, the bougie car,whatever.
To me, the importance is tohave my daughter grow, you know,
up with her grandparents, withmy sister, and be out in the
(10:11):
land and growing my own food,being able to gain financial
freedom and being able to traveland all these things.
So that's the important thing.
So now, yeah, the dream looks alittle bit different, but the
lifestyle that I dreamed of isstill there.
(10:31):
So when you're going throughyour strategy and adjusting, um,
yeah, you're going to get alittle bit irritated that now
you have to kind of pivot orpull back.
So what can you add to yourstrategy if you aren't doing it?
Like I mentioned earlier, isfiguring out where you can
(10:58):
adjust your budget, your moneyspending plan, whatever you want
to call it.
I hate to be like frugal andeverything like that, but with
with everything that's going onis like, if you don't have an
emergency fund, which is thenext thing if you don't have an
(11:19):
emergency fund, definitely thatshould be a priority, along with
paying down your debt withpaying down your debt, um.
So, in order to do that, if youcan cut down what you can or
find ways to make an incomemaybe like a a little side
hustle, whatever might may be umuber or cutting grass, since
(11:45):
the summer's coming aroundspringtime, you know, I was just
saying earlier to my husbandwhen we walked the dogs, like,
oh, look at all these yards thattheir grass needs to be cut
because you know it's beenraining.
So maybe you know somethinglike that that you can um get
some extra cash so you couldstart building that extra um
(12:05):
emergency fund.
And, of course, if you haven'tbeen doing it, definitely uh be
practicing being building up onyour financial literacy, because
knowing how your money works isa game changer, is a form of
(12:26):
resistance of knowing how yourmoney works and how you can make
your money work for you.
So, uh, educating yourself.
There's lots of books andeverything, and I have a few
blogs on books that you can read, resources, things like that.
I'll link it down below.
Um, but, yeah, make sure thatyou are educating yourself.
(12:49):
But what if you already haveyour emergency fund and you've
already adjusted and startedcutting back costs and you still
have like extra money and maybeyou don't want to put more
money into the stock market forsome reason, even though, um,
it's still a good idea to keepgoing.
Um, one of the greatest ways isthrough real estate, of course.
(13:16):
I am a big real estate advocate.
I am a real estate investor.
I actually put more of my moneyinto real estate rather than
the stock market.
I still put money into it Okaythan the stock market.
I still put money into it okaybecause I have.
It's a good idea to have bothand to have a to diversify your
(13:37):
money where you're investing it.
But I really love real estateand my goal is to gain financial
freedom through real estate.
Investing, which is one of thethings that is helping, is going
to be a cushion right now.
So, with just three rentalproperties, I make almost 3000 a
(13:58):
month on average.
Right, some months are betterand some months are, you know,
not as good, because maybe Ihave more maintenance or
whatever that month.
But for quarter one, I averaged, uh, about 2,900, a little bit
more than that, almost 3000 permonth, and so that's extra money
(14:18):
that I have right there to tohelp me get through this uh,
bullshit that we're goingthrough, you know.
So I am going to continue tobuild that because my goal is to
uh be fully financially free.
(14:39):
So it's a good thing that Icurrently have three to uh help
me get through um, theeverything that's been going on
the high prices and everythinglike that.
But I'm also lucky right now asof right now, because I still
have my military paycheck andstuff like that and my husband's
still doing good with his jobthat I don't need those funds
(15:01):
right now.
So I am hoping to squeezeanother rental property this
year, so that way I have fourmultifamily properties and with
that that's even a biggercushion and after a while it
just it just kind of, you know,compounds in your real estate
(15:21):
investments.
If you don't have to use themright now, then it just keeps,
you know, saving up the moneyand reinvesting and compounding.
But real estate is one greatway to move your money because
it's an actual asset.
You could get monthly cash flow, versus with stocks.
Yeah, you could get dividends,but you know it takes a while.
(15:42):
But with real estate investing,especially rental properties,
then you could start gainingmonthly income with each rental
property and it all starts withthat first rental property.
So if that is something that youare curious about.
I do have a free guide what toknow before buying your first
(16:04):
rental property.
It just gives you a good ideaof what things you need to
consider before getting intoinvesting in rental properties.
And then, if you decide like,hey, I want to do this, but I
need to learn the skills, I needsome tools to what how do I go
get a rental property Then myrental property bootcamp is
(16:29):
there for you.
It goes from A to Z, teachesyou how to calculate cashflow,
how to find your first rentalproperty, how to find the market
and also how to create youraction plan.
So you know exactly what to do.
So that way you can go outthere and get your first rental
property so you can startbuilding financial freedom.
(16:51):
So all of that is linked downbelow.
Now, if you still want to investin the stock market, I, you
know, am not an expert at thestock market on what stocks you
need to buy or whatever,whatever, but definitely find
(17:13):
someone that is and figure outwhat kind of stocks you might be
interested that are a littlebit safer at the moment because
of how the stock market is goingcrazy and with every time that
he says tariffs.
Every time he says tariffs,like the stock market just
crashes even more.
But, yeah, bonds is one I know,you know again, not financial
advice, but like this issomething that my husband and I
(17:35):
did.
We moved, we're changing up alittle bit more into bonds now.
So we're not selling ourcurrent stuff, right, because I
also don't.
That secures that loss, right?
Right, so we don't lose, andtechnically, until you actually
sell that stock.
So I want to keep the stocksthat I have and then still
(17:58):
invest a little bit in the stockmarket.
But now I'm diversifying moreinto stocks and bonds, and bonds
is what I meant to say, bondsis what I meant to say and a
little bit just more diversified.
So I shifted a little bit onwhere the money that I'm
investing in now is going to go.
So figure out what is doablefor you, what's comfortable for
(18:20):
you.
Or, you know, be like some ofthese people if you um, your
risk tolerance is, um, betterand, like some of these people,
are just putting money becauseyou know everything's on sale.
You hear that all the time and,yeah, you know it's a good
opportunity to go.
You know, join the stock marketwhenever it's down, but
(18:42):
remember it might go a littlebit down, so don't panic.
Just you know, be aware of that, but do what is beneficial to
you.
The other thing is community.
Our community is our superpower.
Make sure that you don'tisolate.
I know I let me tell myselfthis because I have a habit of
(19:05):
isolating when I get toooverwhelmed and everything feels
like it's spiraling out ofcontrol.
Overwhelmed and and everythingis feels like it's spiraling out
of control.
And I definitely felt thatwhenever, um, I saw the, the
market and the economy andeverything all going crazy and
the tariffs, and I was likespiraling, because I was like,
oh my god, like I am getting outof this stable job and now I'm
(19:30):
gonna be out here, like, like,what are we going to do?
So I definitely isolated for alittle bit and I realized like
no, let me talk to other peopleand you know, find my community,
you know other Latinas that Iknow and talking to them.
One of the good things ishaving this podcast is that I
(19:51):
get to, you know, talk to a lotof other financial experts,
especially Latinas, and you know, I get to have that sidebar
with them after the podcastepisode.
Very, very beneficial of us justjust ranting about inventing of
(20:16):
what we're feeling, and thatjust helps a lot.
And also, you know, learningfrom each other.
That's another benefit of thecommunity as, like I'm learning
from those that are veryknowledgeable with the stock
market, and you know otherpeople that are experts at
something else with business orwhatever and so we just help
(20:37):
each other out on things tosupport each other and help us
through these hard economictimes, and knowing that we're
not out here alone, right, thatwe have somebody to, you know,
lean on their shoulder and theycan lean on our shoulder.
(20:58):
And we support each other innot just that aspect, but
there's a lot of behind thescenes right now where we are
working with each other tofigure out how we can help each
other.
What can we do?
Maybe collaborate, maybeprovide some assistance or
whatever it may be on helpingeach other out in our community.
(21:23):
And, speaking of community, itis important and that we are out
here advocating for ourcommunity, that we are still
showing up for our community andbeing the voice, because a lot
of them don't have a voice.
I remember when I wasundocumented, like I felt like I
(21:43):
didn't have a voice, because Iwas scared to fight, to say
anything that could get medeported, and now that I'm a
citizen, I definitely want to bethe voice to help them and
speak up for them, because theyare being targeted.
Our community, our Latinocommunity, is being targeted, as
(22:07):
well as other minority groupsare being targeted.
The decisions that thisadministration is doing is
definitely, you know, gearedtowards scaring us and silencing
us.
So we have to make sure that weare out here still, you know,
being loud and let's find wayson how we could support our
(22:29):
small businesses, for example.
One of the things that I'm goingto do is go back to meal
prepping, but what I'm going todo is there's a few, you know,
small mexican restaurants righthere down the block and I'm
gonna go, like buy things at thebeginning of the week or
whatever.
Like there's caldo and otherthings and rice and beans and
(22:50):
stuff, and I'll just use thatbecause I already have that
expense anyways.
Uh, to meal prep.
But let me go ahead and help,uh, keep them the doors open for
them, right, because it's it'sgoing to get crazy.
So if there's things that youcan do similar to that, like
(23:11):
bring those dollars to thecommunity, to our community, to
help our community survive thischaos and remember that you know
what, like we have been herefor such a long time, our you
know, our families have surviveda lot.
(23:31):
They've gone through recessionstambién, and you know,
especially, I always think of myparents.
Like man, imagine coming to anew country, not speaking the
language, not knowing how any ofthe finances work or whatever,
and it's like.
And they were able to do it,you know, through their grit and
resilience and everything.
So, like that, you know, youknow it's in my blood.
(23:54):
I have that in me to be able touh, survive this craziness that
is going on.
And no, me, van a callar,you're not gonna win.
I'm still going to be here.
Well, that's it for this episode, mi gente.
Uh, don't forget the resourcesthat I mentioned will be linked
down below and also check outthe blog.
(24:16):
I always put extra stuff onthere that might not fit in the
show notes or the description,so check that out if you want
more resources.
But other than that, don'tforget to share this episode.
I always forget to mention that.
Uh, let me know también ifthere's anything that you want
me to talk about.
There should be like a littlemessage where it says, like send
(24:39):
text message, or you couldalways DM me or email me on
anything.
Feedback is always welcome, butother than that, let's just
keep it moving, ánimo.
Let's keep our heads up andkeep pushing through this so we
can survive this craziness.
Hasta la próxima bye.
with everything that's been going on with the
economy, are we going intorecession?
Yes, no, maybe so, regardless.
Our grocery bill is going up,the stock market goes up and
down and down and down and downand with all these tariffs and
everything, like everything isgoing crazy and it's getting
(00:22):
overwhelming.
So in this episode I want totalk about things that we can do
, that we do have some control,and just give you some tips and
things that I am doing to get methrough this whole mess.
But first, hola, welcome toanother episode of the money
chisme podcast.
(00:43):
I am violeta, your host, and Igave you the chisme on personal
finance, real estate, investingand entrepreneurship and
anything to level up your moneywithout losing our cultura.
So, yeah, like this firstquarter of this year, these, you
(01:05):
know, first months, have beenso stressful.
I have been going through it,not going to lie, but like
because I have so many changesgoing on this year and you know
a lot of uh decisions to like,get out of the military.
My husband got out of themilitary, um, last year, end of
(01:28):
last year, and we're moving totexas, we're doing all these
things and so a lot of bigfinancial changes and all like I
feel like I kind of picked aworse time to do all this stuff
because, uh, with everythingthat has been going on, from all
(01:48):
these crazy random layoffs um,to the stock market going crazy
to, you know, like the tariffs,so what's going to happen with
uh, how much, you know, ourgrocery bill is going to go up
and all these other things andI'm going from a stable paycheck
(02:10):
and now to like my husband andI are we're trying to like
figure out and come up with aplan and we have something like
he's gonna just go active again,um, get some orders, and you
know I might do the same in thefuture when he comes back.
But like it's just so crazybecause last year I was so
(02:33):
confident with my decisions oflike I am so financially stable,
I have everything set up tomake this big move, and you
can't plan for lots of thesethings of it going like crazy.
Like who would have thought,okay, this administration was
(02:56):
just gonna like turn everythingupside down.
So it has been stressful.
I've been it.
I'm sure y'all have beenfeeling it.
So let's talk about what can wedo to reduce our stress, and the
first thing we have to do is wegotta like face.
(03:17):
It Is that a lot of times wetend to kind of do the avoidance
thing and I've done that, likefor a few weeks at a time where,
like, I just cannot look at thethings anymore, the headlines
and everything that, thedecisions that are being made.
But we just gotta be, you know,in like aware of everything
(03:44):
that's going on.
But we have to, you know, notlet it break us Like, yes, the
layoffs is pretty crazy,especially like the federal ones
that I know people that isstarting to affect and you know,
being on that side and workingwith a lot of federal workers,
(04:07):
it's kind of, you know, it hurtsme because I know a lot of
civilians that are federalworkers and you know a lot of
them are retired, you knowmilitary, so it's sad I have a
few at my job that are just kindof like waiting for the ball to
drop, I guess, of them gettingthe email that they're getting
(04:28):
fired for no reason.
And we need them because theyare the ones with the experience
and are teaching, like myselfand other people, because
military we rotate like everyfew years.
So imagine like how um,something would fall apart if
there wasn't those federalworkers that keep the um, the
(04:52):
knowledge and experience going,you know.
But you know we just gotta likeacknowledge it like it's
something that may happen, themarket with, especially with our
401ks and stuff, and us doingeverything that we're, as we're
finally figuring this shit out,right, like, okay, we gotta get
(05:15):
into the stock market so we canretire and have, you know, that
stability, y luego ahí viene,this stock market thing, and
it's like it's exhausting, it'sdefinitely mentally and
emotionally draining to see thathappen.
Um, you know, yes, it cannaturally happen, but to for it
(05:37):
to happen because of thedecisions that the
administration is doing, it's,yeah, it's, it's a little shitty
.
So I could see how we can endup being defeated, feel defeated
, like you know, apenas we'refinally getting our shit
together and now this happens,it's like it feels like, um,
(06:00):
every time that we're finallytrying and figuring our stuff
out, something happens to kindof like pushes back down, so we
cannot let it get into our heads.
Yes, stay informed, you know,keep track of what's going on so
that way you can make it, youknow, educated financial
(06:22):
decisions and feel the feelingsLike I allow myself, you know,
to feel the rage and thedepression or whatever feelings
I may be having at that time,but I have to, you know, set a
limit for myself, because I amthe type of person that I can
let it go on for a while.
(06:43):
So I'll be like all right, fortoday I will let myself feel the
feelings and then tomorrow,okay, move on, move forward,
figure something out.
So we are not powerless.
It is just time to pivot onceagain.
We can do it.
We've done it, our parents havedone it.
We just got to have like thatmentality and resilience is like
(07:07):
okay, otra vez, somethinghappened.
Now we gotta, like, change ourstrategy, which, you know,
brings me to the next um tip isthat then we have to think about
our strategy.
Look at what you are doingright now and think of what can
(07:30):
we do differently now?
What do we have to dodifferently?
So for me, for example, likethe plan was that I wasn't going
to work till the end of theyear, um, and my husband would
just be working at his job orwhatever, but he works at his,
(07:53):
you know, product based company.
It's still a startup.
So there's a lot of you knowwho knows what's going to happen
with that, because people arenot going to probably prioritize
that product, because they'regoing to be focused on being
able to afford groceries andstuff like that.
(08:15):
So we had to make the decisionthat, ok, let's pick something
that is going to probably bemore stable, which is the
military.
He's reservist so he could goand select orders, so that's
what we're having.
Um, towards the fall time frame, which is when will be my last
(08:37):
military paycheck, so then therewon't be that much gap, and so
we have that stability formyself.
I'll be going to school morethan likely, and right now we're
reviewing our finances.
We also adjusted once again thehouse that we are we're
planning to get, so now we'regonna go smaller, which,
(09:02):
realistically, is probablybetter anyways, because the
important thing is the lifestylebeing able to gain financial
freedom faster, since I'm notgoing to have such a high
mortgage.
What's important is that I'mgoing to be living with my
family and I'm going to be ableto homestead, I'm going to be
(09:25):
able to frolic with the chickensand all that and grow my own
food.
So when you're going throughyour strategy of what you had
planned originally, you're goingto get these feelings of like
frustrations and feeling likeyou're going backwards and, you
know, like failure and all thatand I had to go through those
(09:48):
feelings as well.
But then I had to think aboutit and really think okay, what
is actually the important thingis like, not the big house, not
like the, the bougie car,whatever.
To me, the importance is tohave my daughter grow, you know,
up with her grandparents, withmy sister, and be out in the
(10:11):
land and growing my own food,being able to gain financial
freedom and being able to traveland all these things.
So that's the important thing.
So now, yeah, the dream looks alittle bit different, but the
lifestyle that I dreamed of isstill there.
(10:31):
So when you're going throughyour strategy and adjusting, um,
yeah, you're going to get alittle bit irritated that now
you have to kind of pivot orpull back.
So what can you add to yourstrategy if you aren't doing it?
Like I mentioned earlier, isfiguring out where you can
(10:58):
adjust your budget, your moneyspending plan, whatever you want
to call it.
I hate to be like frugal andeverything like that, but with
with everything that's going onis like, if you don't have an
emergency fund, which is thenext thing if you don't have an
(11:19):
emergency fund, definitely thatshould be a priority, along with
paying down your debt withpaying down your debt, um.
So, in order to do that, if youcan cut down what you can or
find ways to make an incomemaybe like a a little side
hustle, whatever might may be umuber or cutting grass, since
(11:45):
the summer's coming aroundspringtime, you know, I was just
saying earlier to my husbandwhen we walked the dogs, like,
oh, look at all these yards thattheir grass needs to be cut
because you know it's beenraining.
So maybe you know somethinglike that that you can um get
some extra cash so you couldstart building that extra um
(12:05):
emergency fund.
And, of course, if you haven'tbeen doing it, definitely uh be
practicing being building up onyour financial literacy, because
knowing how your money works isa game changer, is a form of
(12:26):
resistance of knowing how yourmoney works and how you can make
your money work for you.
So, uh, educating yourself.
There's lots of books andeverything, and I have a few
blogs on books that you can read, resources, things like that.
I'll link it down below.
Um, but, yeah, make sure thatyou are educating yourself.
(12:49):
But what if you already haveyour emergency fund and you've
already adjusted and startedcutting back costs and you still
have like extra money and maybeyou don't want to put more
money into the stock market forsome reason, even though, um,
it's still a good idea to keepgoing.
Um, one of the greatest ways isthrough real estate, of course.
(13:16):
I am a big real estate advocate.
I am a real estate investor.
I actually put more of my moneyinto real estate rather than
the stock market.
I still put money into it Okaythan the stock market.
I still put money into it okaybecause I have.
It's a good idea to have bothand to have a to diversify your
(13:37):
money where you're investing it.
But I really love real estateand my goal is to gain financial
freedom through real estate.
Investing, which is one of thethings that is helping, is going
to be a cushion right now.
So, with just three rentalproperties, I make almost 3000 a
(13:58):
month on average.
Right, some months are betterand some months are, you know,
not as good, because maybe Ihave more maintenance or
whatever that month.
But for quarter one, I averaged, uh, about 2,900, a little bit
more than that, almost 3000 permonth, and so that's extra money
(14:18):
that I have right there to tohelp me get through this uh,
bullshit that we're goingthrough, you know.
So I am going to continue tobuild that because my goal is to
uh be fully financially free.
(14:39):
So it's a good thing that Icurrently have three to uh help
me get through um, theeverything that's been going on
the high prices and everythinglike that.
But I'm also lucky right now asof right now, because I still
have my military paycheck andstuff like that and my husband's
still doing good with his jobthat I don't need those funds
(15:01):
right now.
So I am hoping to squeezeanother rental property this
year, so that way I have fourmultifamily properties and with
that that's even a biggercushion and after a while it
just it just kind of, you know,compounds in your real estate
(15:21):
investments.
If you don't have to use themright now, then it just keeps,
you know, saving up the moneyand reinvesting and compounding.
But real estate is one greatway to move your money because
it's an actual asset.
You could get monthly cash flow, versus with stocks.
Yeah, you could get dividends,but you know it takes a while.
(15:42):
But with real estate investing,especially rental properties,
then you could start gainingmonthly income with each rental
property and it all starts withthat first rental property.
So if that is something that youare curious about.
I do have a free guide what toknow before buying your first
(16:04):
rental property.
It just gives you a good ideaof what things you need to
consider before getting intoinvesting in rental properties.
And then, if you decide like,hey, I want to do this, but I
need to learn the skills, I needsome tools to what how do I go
get a rental property Then myrental property bootcamp is
(16:29):
there for you.
It goes from A to Z, teachesyou how to calculate cashflow,
how to find your first rentalproperty, how to find the market
and also how to create youraction plan.
So you know exactly what to do.
So that way you can go outthere and get your first rental
property so you can startbuilding financial freedom.
(16:51):
So all of that is linked downbelow.
Now, if you still want to investin the stock market, I, you
know, am not an expert at thestock market on what stocks you
need to buy or whatever,whatever, but definitely find
(17:13):
someone that is and figure outwhat kind of stocks you might be
interested that are a littlebit safer at the moment because
of how the stock market is goingcrazy and with every time that
he says tariffs.
Every time he says tariffs,like the stock market just
crashes even more.
But, yeah, bonds is one I know,you know again, not financial
advice, but like this issomething that my husband and I
(17:35):
did.
We moved, we're changing up alittle bit more into bonds now.
So we're not selling ourcurrent stuff, right, because I
also don't.
That secures that loss, right?
Right, so we don't lose, andtechnically, until you actually
sell that stock.
So I want to keep the stocksthat I have and then still
(17:58):
invest a little bit in the stockmarket.
But now I'm diversifying moreinto stocks and bonds, and bonds
is what I meant to say, bondsis what I meant to say and a
little bit just more diversified.
So I shifted a little bit onwhere the money that I'm
investing in now is going to go.
So figure out what is doablefor you, what's comfortable for
(18:20):
you.
Or, you know, be like some ofthese people if you um, your
risk tolerance is, um, betterand, like some of these people,
are just putting money becauseyou know everything's on sale.
You hear that all the time and,yeah, you know it's a good
opportunity to go.
You know, join the stock marketwhenever it's down, but
(18:42):
remember it might go a littlebit down, so don't panic.
Just you know, be aware of that, but do what is beneficial to
you.
The other thing is community.
Our community is our superpower.
Make sure that you don'tisolate.
I know I let me tell myselfthis because I have a habit of
(19:05):
isolating when I get toooverwhelmed and everything feels
like it's spiraling out ofcontrol.
Overwhelmed and and everythingis feels like it's spiraling out
of control.
And I definitely felt thatwhenever, um, I saw the, the
market and the economy andeverything all going crazy and
the tariffs, and I was likespiraling, because I was like,
oh my god, like I am getting outof this stable job and now I'm
(19:30):
gonna be out here, like, like,what are we going to do?
So I definitely isolated for alittle bit and I realized like
no, let me talk to other peopleand you know, find my community,
you know other Latinas that Iknow and talking to them.
One of the good things ishaving this podcast is that I
(19:51):
get to, you know, talk to a lotof other financial experts,
especially Latinas, and you know, I get to have that sidebar
with them after the podcastepisode.
Very, very beneficial of us justjust ranting about inventing of
(20:16):
what we're feeling, and thatjust helps a lot.
And also, you know, learningfrom each other.
That's another benefit of thecommunity as, like I'm learning
from those that are veryknowledgeable with the stock
market, and you know otherpeople that are experts at
something else with business orwhatever and so we just help
(20:37):
each other out on things tosupport each other and help us
through these hard economictimes, and knowing that we're
not out here alone, right, thatwe have somebody to, you know,
lean on their shoulder and theycan lean on our shoulder.
(20:58):
And we support each other innot just that aspect, but
there's a lot of behind thescenes right now where we are
working with each other tofigure out how we can help each
other.
What can we do?
Maybe collaborate, maybeprovide some assistance or
whatever it may be on helpingeach other out in our community.
(21:23):
And, speaking of community, itis important and that we are out
here advocating for ourcommunity, that we are still
showing up for our community andbeing the voice, because a lot
of them don't have a voice.
I remember when I wasundocumented, like I felt like I
(21:43):
didn't have a voice, because Iwas scared to fight, to say
anything that could get medeported, and now that I'm a
citizen, I definitely want to bethe voice to help them and
speak up for them, because theyare being targeted.
Our community, our Latinocommunity, is being targeted, as
(22:07):
well as other minority groupsare being targeted.
The decisions that thisadministration is doing is
definitely, you know, gearedtowards scaring us and silencing
us.
So we have to make sure that weare out here still, you know,
being loud and let's find wayson how we could support our
(22:29):
small businesses, for example.
One of the things that I'm goingto do is go back to meal
prepping, but what I'm going todo is there's a few, you know,
small mexican restaurants righthere down the block and I'm
gonna go, like buy things at thebeginning of the week or
whatever.
Like there's caldo and otherthings and rice and beans and
(22:50):
stuff, and I'll just use thatbecause I already have that
expense anyways.
Uh, to meal prep.
But let me go ahead and help,uh, keep them the doors open for
them, right, because it's it'sgoing to get crazy.
So if there's things that youcan do similar to that, like
(23:11):
bring those dollars to thecommunity, to our community, to
help our community survive thischaos and remember that you know
what, like we have been herefor such a long time, our you
know, our families have surviveda lot.
(23:31):
They've gone through recessionstambién, and you know,
especially, I always think of myparents.
Like man, imagine coming to anew country, not speaking the
language, not knowing how any ofthe finances work or whatever,
and it's like.
And they were able to do it,you know, through their grit and
resilience and everything.
So, like that, you know, youknow it's in my blood.
(23:54):
I have that in me to be able touh, survive this craziness that
is going on.
And no, me, van a callar,you're not gonna win.
I'm still going to be here.
Well, that's it for this episode, mi gente.
Uh, don't forget the resourcesthat I mentioned will be linked
down below and also check outthe blog.
(24:16):
I always put extra stuff onthere that might not fit in the
show notes or the description,so check that out if you want
more resources.
But other than that, don'tforget to share this episode.
I always forget to mention that.
Uh, let me know también ifthere's anything that you want
me to talk about.
There should be like a littlemessage where it says, like send
(24:39):
text message, or you couldalways DM me or email me on
anything.
Feedback is always welcome, butother than that, let's just
keep it moving, ánimo.
Let's keep our heads up andkeep pushing through this so we
can survive this craziness.
Hasta la próxima bye.
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