November 12, 2025 • 39 mins
This one hits where it hurts: the living room. We dig into how money actually moves in multi-generational, first-gen Hispanic households during the holidays when everyone has an opinion and nobody wants to say the quiet part out loud. Daniela Molina joins me to cut through the noise with straight talk on culture, pressure, and breaking money taboos.
We start with reality. Different generations carry different money scripts, and when the saver, the spender, and the “I don’t even know” all live under one roof, small choices turn into family politics. Daniela lays out how to start real conversations without shaming your elders, how to share what you’re learning without posturing, and how to reframe the holidays so love is the priority—not debt.
Then we torch a few lazy hot takes. “Cut off your family to get ahead” sounds bold online, but it ignores culture and context. “Debt is always bad” is just wrong. We separate clickbait from facts and talk about how to consume media like an adult: verify sources, look for methodology, and stop outsourcing your brain to headlines.
We also get tactical: setting boundaries when relatives hit you up for cash, protecting your personal life if you work in media or client-facing roles, and expanding your reach with bilingual content—even if you don’t speak Spanish—by partnering, translating key one-pagers, and focusing on genuinely useful advice.
Holiday season is when budgets blow up and resentment festers. Not this year. Listen in, get your plan tight, and keep your dignity intact. Full video here: https://youtu.be/IU23V53K2fA
As always we ask you to comment, DM, whatever it takes to have a conversation to help you take the next step in your journey, reach out on any platform!
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
NoBS Wealth (00:22):
Well then it's time.
Stoy Hall (00:29):
I know.
I know.
Hey, I get it.
She's in the media and a lot ofus don't like media personnel.
Okay.
There's all people going aroundand usually they're the ones
that screw it all up.
I understand.
With Daniella Molina, she isdifferent.
She's amazing.
She's also a Latina, so we hadto get her involved.
Um, overall, but from a big peruh, view, with our vision of who
(00:51):
we're having as our vettedprofessions professionals, we
needed to have the media side.
We needed to have someone who'sin there and can really drive us
straight.
So without further ado, Daniela,welcome to the show for the
first time.
Hi.
Daniela Molina (01:05):
Thank you for having me.
Stoy Hall (01:06):
And today we really want to talk about, um, as this
episode comes out around theholidays of one being the first
gen right and trying to makemoney and get out, uh, two being
from a Hispanic household andhow those things culturally are
different than even, you know,our side.
I know we've talked about it onyour show, a lot of the black
(01:27):
side compared to, um, theHispanic side, but.
We're all minorities.
There's some similarities.
Yeah.
But there's differences.
Mm-hmm.
And then overall, the thirdpart, which is kind of where,
um, we've also joked on yourshow is like being bilingual,
right?
You wanted to get me on, I can'tspeak Spanish for the lick of my
life, but having that as part ofone day content creation, what
that does for the media and, andhow you guys view things
(01:49):
differently.
And that's super important whenit comes to holidays because
we're all together.
There is pressures from familyand it doesn't matter what
family you're from, there'sgoing to be pressures from your
family.
Specifically when we talk aboutthe first gen stuff and also
when we're trying to beportrayed differently.
And you being in the media alot, I'm sure there's pressures
(02:09):
from your family that we can getinto, so.
Without further ado, let's talkthrough basically the first part
of this, and that is why moneydecisions feel different in a
multi-gen household.
And I bring that up becauseHispanic households, minority
households in general usuallyhave multi-generations inside of
(02:30):
one household, right?
We're not living five differentfamilies, five different states.
It's usually.
All in the same house.
Mm-hmm.
What would you say to that ofwhy it's so much more difficult
when you have that multi-genhousehold to make financial
decisions?
Daniela Molina (02:44):
Yeah, I think the biggest thing is we all view
money very differently.
Um, in Hispanic householdsthere's always someone a saver
and there's always a spender,and then there's always someone
like in the middle or doesn'treally know what's going on.
At least that's my household.
My mom was a huge saver.
My dad was a huge spender and Iwas just learning from both.
(03:06):
Um, and I think what's soimportant about this is like
really understanding, like.
How do you view money?
Because money is vieweddifferently, especially in
different countries, right?
Um, the value of it looks verydifferent.
What access you get to it isvery different.
And so when you have so manypeople in your household who
(03:26):
don't really understandfinances, don't have any
financial literacy that is nottaught, that is like whatever
your upbringing in is.
That's what you're gonna learn.
That's the habits you're gonnaplace.
I think that's where the dynamicis a little different and you
have to sort of figure it out onyour own.
That's what Ava had to do.
(03:46):
I'm like, I don't know nothingand I can't depend on my parents
to teach me.
Like I might pick up some thingsof my mom about savings, but.
She's not having conversationswith me about like, Hey, you
should have a thousand dollarsat least in your emergency
savings.
That's not a conversation we'rehaving and we really don't talk
about money in our households,right?
(04:07):
Uh, we know when things aretight.
But it's still like the elephantin the room.
Like you don't wanna say like,oh my God, like I don't get paid
what I should get paid.
Or I'm in a laborous job that Idon't get paid the value that I
bring.
We don't have thoseconversations.
We just do the tough work and wekeep it pushing.
Um, but I think there needs tobe a change in the way that we
(04:28):
talk about money in ourhouseholds.
Breaking generational cursesbecause that's what we're, we're
stuck in.
We're stuck in a generationwhere just because our parents
didn't know how to do it, now wedon't know how to do it either,
and now our kids won't know howto do it either.
At some point it has to stop.
And then how do you, how do youbuild that conversation with
your parents and how do youbuild it with your family
(04:49):
members who are still soreluctant to talk about money
and make it so taboo?
Like how do you do that?
So I think that's a, aninteresting approach.
Things have definitely shiftedin my family as I've turned into
an adult.
Right.
Uh, but younger, they're notlistening to me.
If I think that maybe weshouldn't spend that money on
that, like maybe we should.
Not by that.
(05:10):
Um, I think those conversationswere definitely not had,
Stoy Hall (05:13):
in your opinion, with,'cause that's not just
Hispanics, a lot of minorityfamilies.
Like that's kind of how it is.
Like you never gonna listen toyour children.
It's just never gonna happen.
Right.
Listen to your elders, listen towhat they're going through, but
if they don't know what the hellthey're doing, then we're in
trouble.
How do you believe you canalign, and I don't mean you just
in general, but how do you thinkwe can align the cultural
(05:34):
values?
Right.
Elders, et cetera, but trying toget it to align so that families
can actually financially grownow and not when you are the
elder, because, uh, that's,that's a long time from now.
Right.
And then it just, in my opinion,snowballs and puts a whole
family behind multiplegenerations when they're really
trying to get ahead now.
(05:55):
So what do you think could bethat bridge in order to, to, I
guess, shorten that timeframe?
Daniela Molina (06:03):
Yeah, so something I think that I like
doing with my own personalfamily is even just bringing up
the topic, like, you know, whatI learned today and approaching
it that way and not approachingit in the aspect of like, mom,
you need to get your financestogether.
Or your elder, your grandparentsgrandpa, like.
Do you have a retirementaccount?
(06:24):
Like do you know how importantit is in stressing those things?
Like sometimes it's the approachof, I learned something new and
I'm gonna share it with you, andthen let's build a little
conversation about it.
Like, what do you think?
And I think there, once youstart finding out the core of
why people think about money theway that they do, why they
handle money the way they do,maybe they didn't have any,
(06:45):
maybe their parents didn't talkabout those conversations.
And so you get to learn by justoffering like.
I'm learning too.
I'm not better than you.
I don't have all my financestogether and calling you out
because you don't.
It's just we are learningtogether.
And any information that I know,I wanna share it with you.
So sometimes if I see a YouTubevideo, if I'm doing one of my
(07:08):
segments, I'm talking to expertsall the time, there are things
that I just don't know, right?
Or I'm not at that point in mylife to know that yet.
Right?
Like I didn't grow up knowingwith a five.
Uh.
What is it?
Five two plan 5, 5
Stoy Hall (07:23):
2.
Yeah.
Daniela Molina (07:23):
Yeah.
For your kids, like saving moneyfor your kids to go to college.
That was not a conversation myparents had.
We didn't even know that was athing, so.
How do I have that conversationnow with other parents, or how
do I have that conversation withmy grandparents like y'all did.
You know, there was this programthat you could just put a couple
dollars in as your kids grow andnow they have something for
(07:45):
college.
Isn't college expensive, liketrying to change the narrative
and not be so hard ass on, youdon't have it together, your
finances suck.
It's shifting that conversationso it's more educational and
not.
Pointing the blame.
I think people are more openwhen you're willing to teach
rather than school in a bad way.
(08:08):
Like, I'm gonna school youbecause you're not as smart as I
am.
Yeah.
So
Stoy Hall (08:12):
absolutely.
The next segment, which is a funone, in this time, everybody's a
different spin because since wehave someone from the media with
investigate TV and herbackground of.
That's what she does.
I'm gonna have her answer alittle differently than others,
right?
So in this segment, what SocietyMedia are saying, I kind of want
you to take these quotes that Isend to you or say to you, and I
(08:33):
want you to think about it fromtwo lenses, right?
Mm-hmm.
Your lens as this person, right?
And then your lens of from themedia of why you believe these
sentences are coming from themedia are coming this way and
derived that way.
Because I wanna pick your brainmore on.
Why we hear and only see certainthings in the media coverage as
opposed to kind of what's thereal things that actually work
(08:55):
type of situation.
So first one is on the, on ourwhole topic.
Just cut your family support ifyou want to get ahead.
Right.
I hear that topic all the time.
Just cut your family out.
You'll get ahead.
Um.
What, uh, what do you say tothat?
Daniela Molina (09:11):
Personal, it's not that simple.
That doesn't work that way.
That's not like, that's not howthat works.
Uh, that's a hard thing to do,right?
Um, but it is like somethingthat you have to think about,
like educating enough yourfamily to know, well, I'm my own
person and I'm going to navigatemy finances this way.
I'm gonna navigate things myway.
(09:33):
Media wise, I think it.
It sparks conversation.
It sparks the like, I'm gonna beproactive about this, and my
family's the first one that getscut out'cause they just don't
understand it.
Um, not the right approach.
I think, you know, as someonewho works in the media, I'm very
critical about the media.
I think there's a lot of thingsthat we do, um, to.
(09:56):
Get people like it's a business,like people forget, like the
media is a business and in orderfor us to survive, there are
some things we go, we're goingto do that.
Like spark conversations, sparkpeople in the comments, spark
conversations about.
Maybe things were influencingpeople to like go to the store
(10:16):
and buy things.
Like we are also part of that, Ithink not all the media does
that, but I think we have atendency of maybe blowing things
out of proportion and making itseem bigger or like black and
white.
And the truth is, if you sitdown with a singular person,
it's never black and white.
There's always some gray inthere and some things that we
need to know.
So yeah.
(10:38):
If that's on us.
Stoy Hall (10:40):
Yeah.
And we'll, we'll get to more ofthat'cause Boy do I have some
opinions.
Uh, the next one is, debt isalways a bad choice.
Now I know this from my mediatraining.
Um, using words like always issomething that usually triggers
someone to go one way oranother.
But what do you say to that?
That sentence, debt is always abad choice.
Daniela Molina (11:01):
That's as someone in the media and someone
as personal, that's factuallywrong.
That is a lie.
Um, I actually am doing asegment in Spanish about good
debt and bad debt, and there isgood debt.
Like buying a home is good debt.
Yes, you have all this moneythat you owe, but it's a good,
right?
(11:21):
It's an asset.
Um, so not all debt is alwaysbad.
I think those words are just.
Again, to get people heightened.
To get people like, oh my God,I'm in a place.
Or now you're pushing for peopleto go to a financial advisor.
Maybe you're pushing people tolike, have conver.
I, I understand the, the push onhaving conversations about this,
(11:42):
but I also feel like we crossthat line, so always is not, no,
don't use that word.
The media should not be usingthat word because it's not black
and white.
Y'all like, it just isn't.
Stoy Hall (11:55):
And this, this one's on here.
This is more just a mediaquestion in general, why do we
see a lot?
Uh, I guess this is more nownewer reporting, in my opinion.
Um, less about true, just purefacts and getting a lot more
opinionated and not opinionpieces.
People, I'm talking about a lotof our stories now when I'm
(12:16):
reading them, even in thefinancial industry, right?
Are are very still opinionated,right?
They, they, they, they areleaning one way or another.
Not politically, just ingeneral.
They're leaning one way oranother.
Where did it happen in historywhen, like as a reporter in
media?
It used to be just facts.
Facts are here.
It is truly.
(12:36):
This is what's real.
One plus one equals two asopposed to now it's like one
plus one sometimes equals two.
It depends on the scenario.
Um, what do you have to say tothat?
That can not only help ourlisteners understand and try to
get a broader sense of what isright, wrong and indifferent in
media, but also for us businessowners that are in the media and
(12:58):
trying to, you know, producemore to, to be out there of
like.
What are we supposed to do,right?
Because we're based on facts andI know I work with you a lot,
but like everything I say is afact.
It has to be or else I'm gonnahave compliance at my ass.
However others are using it asmore of a tool to kind of like
we just said, of using alwaysand being aggressive with
(13:18):
cutting family support.
What do you have to say to thatin terms of.
What's been going on with medialately?
Daniela Molina (13:26):
Oh boy.
This is a loaded question, and Icould talk about this forever,
but I really do think that itgoes down to we are polarized as
a country.
Um, it's no longer this side orthis side, I mean, or in the
middle.
Like we are just very hard overhere, hard over there.
And that's with everything.
So you consume only the mediathat you agree with.
(13:48):
You consume only the facts thatagree with your beliefs rather
than being open-minded.
And I think as the media we havebecome, so trying to bring
context into things rather thanjust stating what it is and
letting people at home decide.
I think that we have done, wehave gone way too deep.
(14:11):
Into trying to cover specifictopics and have lost the purpose
on why we're doing it and thefacts.
That is the most important part.
We need to tell the story withall the factual elements and
people at home will decide.
Do they agree with it or don't?
It is not our decision to makethose choices for people.
(14:33):
And I think the media hasevolved in a, in a way that now
we're telling people what theyshould know and shouldn't know
in the way of like, you shouldagree with me, or You should not
agree with me, or you should notagree with them.
'cause they don't know whatthey're talking about.
So what we have to do, and Ithink I do this myself, I don't
consume.
All media anymore because it'svery polarized.
(14:55):
So who do I believe in the mediaspectrum is giving the full
fact.
That's who I'm gonna follow.
That's who I'm gonna read.
That's who I'm going to base myopinions and my decision making
on not the one side or versusthe other.
Um, so consume the media thatreally aligns with fact-based
(15:16):
information.
Where's the study coming from?
Who are the sources?
Um, is this based off researchthat has been done?
Can you understand the research?
Also, because some research outhere be saying things and I'm
like.
Who came up with that?
Like what I, how many people didyou survey, right?
Oh, 50.
Well, 50 is not the population,so maybe try again.
(15:39):
That's not factual.
That's not the population.
So really think critical.
Is this information fact or isit not?
And then from there decide howdo you wanna really go about.
Who is this media company that Iwanna follow?
Who's other people or experts?
Um, I'm really big on findingpeople who has the most
(16:01):
expertise on the topic that Icare about.
Um, and I mean people who havestudied it, people who have
lived it, people who are doingthe work now, not someone who
did the work 15 years ago and isso disconnected and now is
giving advice.
The world changes, thingschange, people's priorities
change.
So how do we keep up with that?
So really doing that, and Ithink it is a hard job that you
(16:24):
do, um, providing, you know,financial advice to people.
'cause people will be like, wellI saw on the internet that they
said there's a lot of things outthere.
Do this.
Ah,
Stoy Hall (16:36):
please don't.
Daniela Molina (16:37):
Yeah.
Or you should deck consolidateeverything.
And it's like.
Oh, maybe you shouldn't.
Maybe you should see what all ofthe options are out there.
Speak with a financial advisorbefore you make those decisions
because you saw an articleonline that said that you should
probably do that Same thing whenit comes with student loans,
(16:58):
which is such a hot topic rightnow.
Oh, well, like, oh, well maybethis is the best plan for me
because I read an article thatsaid that this is.
Is that the best plan for you?
Can you, are you comfortablehaving 50, 60, 70,$80,000 in
debt for your student loans?
Is your education worth that?
(17:19):
It's up to you, but based it offfact.
Um, and I think a lot of theworld that we live in right now
is not.
Unfortunately not based on fact.
Um, I believe the work that I dois based on fact.
My colleagues, the work thatthey do is based on fact.
Um, and I, this is why Icontinue to do the work that I
(17:40):
do, where I do the work that Ido, because I do believe that we
stand on that.
But just really consider who'sthe source.
Who's the expert in this?
And would you really count onthem, um, to give you financial
advice or just any advice ingeneral?
Like really be mindful becausethe media is meant to throw a
(18:01):
hundred things out there andthere's a lot of noise.
Can you tune out the noise tofigure out where the fact is?
Stoy Hall (18:09):
Absolutely.
Our next segment is about yourpoint of view, so this is taking
your experience.
Of life, your experience in yourbusiness, experience in college,
everything that you have fromyour point of view, right?
This is our opinionated side ofthings, as much as we can do.
Um, what have you done or haveyou seen?
(18:30):
For the, that first gen person,right?
The one that's trying to leadtheir family to prosperity or
whatever.
What have you seen from them orhave done yourself to really set
hard boundaries?
Because we know.
Families, they don't necessarilyalways do it on purpose,
although some do will pull youback down into the fray of that
(18:53):
and not allow you to get ahead.
So what's your point of view onbeing able to set boundaries
between you and your family orloved ones?
Daniela Molina (19:03):
That's a great question.
Um, I actually have aconversation with this with one
of my girlfriends often, um,because they're a family and I'm
blessed with one that doesn't dothis.
And, you know.
But I know a lot of families dowhere they're like, Hey, you
think you can pass me like some200 bucks?
I'm trying to, you know, family,the asses for money when you're
already in a tight situation.
(19:23):
Some people are living paycheckto paycheck, um, and some
families are pulling them in.
And I think setting boundarieswith anything, setting
boundaries is important.
Um, you might look like the badguy at that time.
And to them you might be, andthat's fine.
But I think you need to rememberthat this is your life.
(19:45):
They have lived theirs and theyhave, um, made the financial
decisions.
They did at the time, and allyou can do is assist them with
the decisions they made then,but it's not your responsibility
to solve every problem for that.
You have your own financialwellness to worry about.
You also have generationalwellness to worry about, right?
(20:07):
Like if you decide to have kidsin the future, like you wanna
lead them in the path that maybeyou didn't have.
And so boundaries are like, no,I'm sorry, I'm in.
I am trying to save this amountof money, or I'm trying to build
something here or invest thisamount of money at this moment,
I can't help you do that.
Um, and I think that'sboundaries are important.
(20:28):
Educate them.
I, I continue to push that.
If you, if you have theopportunity to not all families
or welcome me of that, um,educate them, pass something
over.
If they see it, great.
If they don't, don't, um, youknow, um, I think all we can do
is.
Worry about our financialwellness.
'cause when we get to a placewhere we feel good, that's when
(20:50):
we can start working and helpingother people feel good too.
Right?
Our testimony, the things we'vegone through helps.
So, an example of this is I'mlike terrified of credit card
debt.
Like, truthfully, it, it, itreally scares me and it scares
me because when my parents cameto this country, they just like.
(21:12):
They didn't understand creditcards and they just got so many
and it just like a lot of money.
They owed a lot, a lot of money,y'all.
And they ended up in bankruptcy,like to that level.
Right.
Um, and they didn't even, I wishthey had known that there were
other options rather than filingfor bankruptcy.
That there are, you know,businesses and nonprofits out
(21:33):
there that will help you getyour credit together.
That they could pull theirannual credit report.
They didn't know how to do anyof that.
So.
I'm not repeating that becausemy mom says, oh, we should get a
credit card.
We should not get a credit card.
Thank you.
I'm good on my end.
Right.
Um, and if they ask, andsometimes they might ask as they
(21:55):
see you developing in yourfinancial wellness, they might
ask, Hey, I saw this deal onthis credit card, but you know,
I think the interest rates are alittle high.
Do you mind looking at it?
Not everyone will do that, but Ithink giving them a space also
for them to learn from you isthe way that you sort of create
(22:16):
those boundaries, but createthem.
Because what you don't wanna dois create the same financial.
Hope that your parents were into pass over to you, to pass
over your next generation, topass over your friends.
Like if you don't have goodfinancial habits, that will leak
(22:37):
through everyone else aroundyou.
Like if your girlfriend lovesgoing out every weekend and
loves spending a lot of money,eating and drinking and all the
things, and having a good time.
That is good.
Every once in a while.
That's not good when you'retrying to meet those financial
goals you said you were gonna doat the beginning of the year and
you just haven't.
So you gotta strip boundaries.
(22:58):
Boundaries.
Hey girlfriend, I can't, I'mtrying to do X, Y, and Z, you
know, and let's start talkingabout money.
Stoy Hall (23:05):
Yeah, absolutely.
We have to, if we don't Yes.
We're gonna be doing the sameshit we're doing and it does not
work.
Exactly.
Daniela Molina (23:12):
It just don't work.
Stoy Hall (23:14):
Not working.
Alright, let's put your mediahat on.
Okay.
How do you, and this one'sactually for you to answer, but
like, how do you separate or setboundaries from.
You being your media personalityinto your personal, right.
I know that's not like pureseparation'cause you kind of
have to do both, but like whatdo you do to kind of protect
(23:35):
your personal side away from themedia?
I'm here, here's my face side.
Daniela Molina (23:41):
Uh, that's so hard.
Um, I feel like my journalist.
Hat is never off truthfully.
Um, but I think it's reallycreating a space of being around
people that don't know nothingabout what you do and don't care
anything about what you do.
So they're not spending the daybeing like, oh, did you see what
happened in the media?
Like, no, I don't wanna talkabout that.
(24:03):
Let's, let's talk about anythingelse.
I think, you know, for me itreally is, um, finding spaces.
Of people who have passions, whohave other things they worry
about.
That's not just their career.
So we can, so I can be myself.
Now in the media, a lot ofpeople will tell you, well, you
know, you have to be thiscertain way.
And this is what they basicallyteach you in journalism school.
(24:25):
Like the expectations are these,and you have to stay in this box
and you can't really give toomuch of who you are.
Like if you're going to aninterview, you're there for the
interview, you're not there tosmall talk and I don't agree
with that.
I think being a human andshowing up as a human and then
my job being the extra, that'swhere I get the best interviews.
(24:47):
That's where I build sources,that's where I build trust
between me and my source, wherelater they'll call me and be
like, Hey, did you hear aboutthis thing that happened?
That's because I showed a momentof being human.
Um, and I think in the mediathere is a disconnect of like, I
am.
The teacher and you are mystudent.
I don't see it that way at all.
(25:08):
I think I can learn fromeveryone I talk to.
So I approach everything as ahuman, so I get the blessing of
being both the media person,like putting my media person
head on, but also being a humanat the same time.
And that's what I live by.
Um, other people are very likeone or the other.
(25:30):
I just don't think that's theway to do it.
No,
Stoy Hall (25:32):
I don't either.
I don't either.
Daniela Molina (25:34):
Well, you know, like we, we have conversations
all the time and it's very likenormal, regular, like, we're
just chatting.
That's how I want to feel.
I want people to feel like, yes,I'm a professional, um, and I
will showcase professional work,but I also want you to know that
I'm still like a human at theend of the day, and if I don't
have this job.
I'm so human, right?
(25:55):
Like I'm still navigating theworld just like you are.
So that's the biggest thing forme.
Stoy Hall (26:00):
Now, this is because this is how you operate because
you're bilingual, but talk methrough one how creating
different segments andcommunicating in two different
languages and how hard that isbecause you don't just like.
Do one and then just have thetranscripts and, and change it
over the voiceover.
You do two different segments,especially with me because,
(26:21):
well, you know, I can't speakSpanish.
The second part of that thoughis as a business owner, when
you, when you look at me now,how important is it to have.
Multi-language type contentmedia, or how can I speak to
more, um, you know, moreHispanics because I can't speak
Spanish.
Like, what do you say to thosetwo things of communicating in
(26:44):
both languages, but also as abusiness owner, like, how can I
get into a different market ifI, if I can't speak the
language?
Daniela Molina (26:51):
Yeah, so being bilingual has been a blessing.
I thank my parents for that, um,because my first language is
Spanish, but I came to the USand I only knew English, like
that's what I was taught inschool.
Uh, but my parents were superadamant about speaking Spanish
in our household, so I neverlost it.
So doing these segments, I, Igotta be honest, it was never my
(27:13):
intention to actually be oncamera.
It was never really my intentionto do these segments to begin
with.
I never had this plan and, andlike at all, I, I, you couldn't
have paid me to tell me that Iwould've been doing this.
Uh, but I soon found out as Iwas doing them in English, there
was a huge community that wasmissing out of Spanish speaking
(27:33):
community.
Tends to be the one that needsthe information the most.
Um, and so I was like, I guess Ihave to put myself out there.
Um, and it, I wasn't on camera.
This was like, I was justtracking and I was putting these
segments together, but I knewthat me talking, I don't wanna
be a talking head, I don't wantan expert.
So I started seeking outbilingual experts who were
(27:56):
willing to share information.
And then I also like.
Conversation you gave suchvaluable information.
I can translate that to sopeople can understand like,
here's the values of ourconversation.
The things that you can do rightnow, if he's telling you, you
should save this for sports.
This is solid advice.
(28:17):
It doesn't matter what languageit's in.
So for me, it felt like a dutyto my community to share this
information.
Um, it felt like there is just agap there and I don't think we
have really fulfilled it.
And I didn't know how manyexperts I was gonna meet along
the way that actually spokeSpanish.
(28:37):
I thought it was just gonna beme.
And I was like, oh, great.
Like I'm tired of listening tome.
Can we talk?
Can we bring an expert in?
But to your question about whatdo you do when you don't speak
the language?
Um, just continue to give outgreat work.
Like give really good financialadvice if you can make a graphic
in Spanish that has theinformation, like, you should
(29:01):
save this.
Or if you're thinking about, youknow, I think those things are
undervalued, but they're,they're impactful.
They're impactful.
Good advice.
Doesn't matter what languageit's in, it's good advice,
right?
So if you're giving me advicethat really will set me up.
I don't care if it's in Englishor in Spanish or in French or
(29:22):
Italian.
It's solid advice.
So that's what I'm gonna use.
So as a business owner, um, Iencourage that.
I encourage partnerships.
You know, if there's someone inthe community who's doing this
sort of work that has a Spanishspeaking background or is
actively working to learningSpanish, um, and providing
(29:42):
content out there, how can youpartner up with them to do that
sort of work?
Um, it all, it takes for usreally, and I speak for the
Hispanic community, I guess whenI say this, is we only just
wanna see effort.
Like, you don't have to know itall, but like effort really
makes a difference.
Like.
Yes.
I can't provide you financialadvice.
(30:02):
I can't sit down with you andtalk to you in Spanish fluently,
but you know what I can do?
I can give you a sheet that hasinformation that's very
valuable.
Maybe you had someone look at itas Spanish, like if you were to
give it to me like, Hey, what doyou think about this sheet?
Is this like.
Even if you use Google Translateai, whatever you need to do to
get it done, have it be reviewedby somebody and be like, is this
(30:24):
valuable to someone at home?
And then share it that way.
Um, any source of informationthat the Spanish speaking
communities can have to justadvance themselves, I think that
really helps.
Stoy Hall (30:37):
We kind of just bled into the next segment a little
bit with that.
And that's like actual steps.
So first, do what she just said.
Okay.
Uh, start with just, uh, asheet, a pamphlet, a something,
right?
Um, to show, to show effort.
I know that's what I'll start bedoing even more so as we go.
Um, so that's your firstactionable step.
People look at that.
It was easy.
(30:57):
Didn't have to go anywhere.
Now let's do two more actionsteps for people and.
This next one is kind of a blendof everything that we've been
discussing with you.
What is, how do I ask this?
What is the, your opinion, whatis the best way to start the
money talk during these holidayswith your family?
Daniela Molina (31:21):
Well start early.
Um.
It's hard, right?
Because Hispanic communitieslike this is our time to shine.
If you've never been to aHispanic party, I'm gonna tell
you, we go full out.
We go full out for Christmas, wego full out for every holiday we
can.
Uh, but the reality is our fundsdon't go fool out.
(31:43):
We put ourselves in financialhurdles by trying to please
everybody.
So one, have realisticexpectations, like, sit with
your family.
Stoy Hall (31:52):
No, don't do it now, and talk
Daniela Molina (31:54):
to them like.
Hey.
Um, I feel like this year we'rea little tight on money.
Oh, did I freeze?
Stoy Hall (32:02):
You did for a little bit, but you're good now.
Keep going.
Daniela Molina (32:04):
Okay.
Um, we're a little tight onmoney.
Have that conversation, like,okay, what do we wanna do for
Christmas this year?
Like, big picture and have aconversation.
Oh, well I wanna travel, or, no,I think we should have a party,
or no.
What if we do a secret Santalike.
Have a realistic expectation ofwhat your family can do, and
then go look at your budget.
(32:25):
Can you even do that?
You know, the reality is like,if you're not sitting down
knowing what money comes in andwhat money comes out, you, you
skip the main step.
You skip.
The expectations are great, butdo you have the money to do
them?
So in my, his, in my household,you know, some years have been
tougher than others.
(32:46):
Right.
Like, and when you get intoadulthood, it's very different.
Like you're not gettingChristmas gifts and things like
that, but you're stilltraveling, maybe you're still
visiting family.
And so, um, we are like, okay,so what are we doing?
That's the big question, like afamily.
Am I traveling over there?
Are you guys coming up?
Like what are we doing?
And from there we're like, okay,well we can't really do
(33:08):
Christmas gifts, so what if wedo one gift for each person?
Like, and this what my familydoes.
So it's just the three of us asmy parents and me, I'm an only
child.
So we do the, okay, I'm giving agift to dad and I'm giving a
gift to mom.
Mom's giving a gift to dad andgiving a gift to me.
Dad is giving a gift to mom andme.
(33:29):
We all get a gift.
We all satisfy each other.
We all spend that moment openingeach other's gift and feeling
like really rewarding and that'sit.
And we didn't go over budgettrying to throw something big
or, oh, I'm gonna give them like30 gifts because like, no, let's
be realistic.
Um, sometimes scaling down isgood.
Sometimes it's like the giftsthat you do that are meaningful
(33:52):
or that there's some thoughtbehind them.
Like, don't just buy to buy.
Um, material things last today.
They don't last very long.
Like, you know what I mean?
Like really think about thevalue of the gift that you're
giving and the time that you'respending with your families and
have that conversation, um, anddon't feel like, oh my God,
(34:14):
they're gonna be like, I'm poor.
And avoid that.
Like, that's, that's not theconversation.
The conversation isrealistically, where are we at
this year?
What, what can we do and whatdoes our budget allow for us to
do?
And seriously start planningahead.
Like, don't wait Black Friday tostart getting some Christmas
(34:38):
gifts.
Yes, the deals are good, butlike you should probably have
had the time, like you've had awhole year to prepare for
Christmas, like, and uh,something that I've noticed to
be a little more intentional.
Me and my family has starteddoing is Amazon allows you to
create lists of things that youwant.
How about you buy something offthat list that you know for sure
(35:02):
somebody else wants, rather thanbuying, oh, here's a little case
of perfume and you didn't wantperfume.
You have like 500 in your house.
Intentional buying, intentionalspending, um, and just have the
conversation.
Stoy Hall (35:15):
Yeah, just have the conversation.
Simple as that.
Daniela Molina (35:18):
It's, it's simple.
Like I think people avoid itthinking it's gonna go worse
than they expect, and they'd bepleasantly surprised that
sometimes just having thathonest conversation is better
than avoiding it, and then laterfeeling that financial burden
because you overextendedyourself and now you're even
more in debt than maybe what youwere from the previous year.
(35:40):
So have it.
It's not, let's break thistaboo, y'all.
Seriously.
Stoy Hall (35:47):
Let's break the taboo.
Let's do some critical thinkingfor ourselves, right?
Base things, off facts, andultimately just reach out and
communicate to each other.
And I think not only will thathelp you in your wealth journey,
that'll help you just as acommunity and as a family, as
you know.
As times are tough, right?
(36:08):
Mm-hmm.
Um, and the things just keepgetting sometimes worse, uh, as
we speak.
So I appreciate your time.
I know our listeners will too.
And everyone stay tuned'causethe next episode that we'll have
her on.
Not the 12 days of giving one,but her full episode.
We're gonna dive into a littlemore media training for a lot of
you because you need it.
Okay?
(36:28):
I, I've seen a lot of stuff.
Y'all need some media training.
You need to be in the mediamore.
So go ahead, check out, uh,Daniella's.
On the website, all those thingsreach out to her.
Too bad.
I'm already on her list as asource, so you can't outbeat
her.
Yeah.
But I know that she'll take morespecifically if you guys are
Hispanic or Spanish speaking.
So without further ado, weappreciate you.
(36:50):
Look forward to having you onnext time.
Daniela Molina (36:53):
Thank you.
NoBS Wealth (37:08):
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No award ranking or recognitionshould be construed as a current
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(37:30):
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(38:36):
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Well then it's time.
Stoy Hall (00:29):
I know.
I know.
Hey, I get it.
She's in the media and a lot ofus don't like media personnel.
Okay.
There's all people going aroundand usually they're the ones
that screw it all up.
I understand.
With Daniella Molina, she isdifferent.
She's amazing.
She's also a Latina, so we hadto get her involved.
Um, overall, but from a big peruh, view, with our vision of who
(00:51):
we're having as our vettedprofessions professionals, we
needed to have the media side.
We needed to have someone who'sin there and can really drive us
straight.
So without further ado, Daniela,welcome to the show for the
first time.
Hi.
Daniela Molina (01:05):
Thank you for having me.
Stoy Hall (01:06):
And today we really want to talk about, um, as this
episode comes out around theholidays of one being the first
gen right and trying to makemoney and get out, uh, two being
from a Hispanic household andhow those things culturally are
different than even, you know,our side.
I know we've talked about it onyour show, a lot of the black
(01:27):
side compared to, um, theHispanic side, but.
We're all minorities.
There's some similarities.
Yeah.
But there's differences.
Mm-hmm.
And then overall, the thirdpart, which is kind of where,
um, we've also joked on yourshow is like being bilingual,
right?
You wanted to get me on, I can'tspeak Spanish for the lick of my
life, but having that as part ofone day content creation, what
that does for the media and, andhow you guys view things
(01:49):
differently.
And that's super important whenit comes to holidays because
we're all together.
There is pressures from familyand it doesn't matter what
family you're from, there'sgoing to be pressures from your
family.
Specifically when we talk aboutthe first gen stuff and also
when we're trying to beportrayed differently.
And you being in the media alot, I'm sure there's pressures
(02:09):
from your family that we can getinto, so.
Without further ado, let's talkthrough basically the first part
of this, and that is why moneydecisions feel different in a
multi-gen household.
And I bring that up becauseHispanic households, minority
households in general usuallyhave multi-generations inside of
(02:30):
one household, right?
We're not living five differentfamilies, five different states.
It's usually.
All in the same house.
Mm-hmm.
What would you say to that ofwhy it's so much more difficult
when you have that multi-genhousehold to make financial
decisions?
Daniela Molina (02:44):
Yeah, I think the biggest thing is we all view
money very differently.
Um, in Hispanic householdsthere's always someone a saver
and there's always a spender,and then there's always someone
like in the middle or doesn'treally know what's going on.
At least that's my household.
My mom was a huge saver.
My dad was a huge spender and Iwas just learning from both.
(03:06):
Um, and I think what's soimportant about this is like
really understanding, like.
How do you view money?
Because money is vieweddifferently, especially in
different countries, right?
Um, the value of it looks verydifferent.
What access you get to it isvery different.
And so when you have so manypeople in your household who
(03:26):
don't really understandfinances, don't have any
financial literacy that is nottaught, that is like whatever
your upbringing in is.
That's what you're gonna learn.
That's the habits you're gonnaplace.
I think that's where the dynamicis a little different and you
have to sort of figure it out onyour own.
That's what Ava had to do.
(03:46):
I'm like, I don't know nothingand I can't depend on my parents
to teach me.
Like I might pick up some thingsof my mom about savings, but.
She's not having conversationswith me about like, Hey, you
should have a thousand dollarsat least in your emergency
savings.
That's not a conversation we'rehaving and we really don't talk
about money in our households,right?
(04:07):
Uh, we know when things aretight.
But it's still like the elephantin the room.
Like you don't wanna say like,oh my God, like I don't get paid
what I should get paid.
Or I'm in a laborous job that Idon't get paid the value that I
bring.
We don't have thoseconversations.
We just do the tough work and wekeep it pushing.
Um, but I think there needs tobe a change in the way that we
(04:28):
talk about money in ourhouseholds.
Breaking generational cursesbecause that's what we're, we're
stuck in.
We're stuck in a generationwhere just because our parents
didn't know how to do it, now wedon't know how to do it either,
and now our kids won't know howto do it either.
At some point it has to stop.
And then how do you, how do youbuild that conversation with
your parents and how do youbuild it with your family
(04:49):
members who are still soreluctant to talk about money
and make it so taboo?
Like how do you do that?
So I think that's a, aninteresting approach.
Things have definitely shiftedin my family as I've turned into
an adult.
Right.
Uh, but younger, they're notlistening to me.
If I think that maybe weshouldn't spend that money on
that, like maybe we should.
Not by that.
(05:10):
Um, I think those conversationswere definitely not had,
Stoy Hall (05:13):
in your opinion, with,'cause that's not just
Hispanics, a lot of minorityfamilies.
Like that's kind of how it is.
Like you never gonna listen toyour children.
It's just never gonna happen.
Right.
Listen to your elders, listen towhat they're going through, but
if they don't know what the hellthey're doing, then we're in
trouble.
How do you believe you canalign, and I don't mean you just
in general, but how do you thinkwe can align the cultural
(05:34):
values?
Right.
Elders, et cetera, but trying toget it to align so that families
can actually financially grownow and not when you are the
elder, because, uh, that's,that's a long time from now.
Right.
And then it just, in my opinion,snowballs and puts a whole
family behind multiplegenerations when they're really
trying to get ahead now.
(05:55):
So what do you think could bethat bridge in order to, to, I
guess, shorten that timeframe?
Daniela Molina (06:03):
Yeah, so something I think that I like
doing with my own personalfamily is even just bringing up
the topic, like, you know, whatI learned today and approaching
it that way and not approachingit in the aspect of like, mom,
you need to get your financestogether.
Or your elder, your grandparentsgrandpa, like.
Do you have a retirementaccount?
(06:24):
Like do you know how importantit is in stressing those things?
Like sometimes it's the approachof, I learned something new and
I'm gonna share it with you, andthen let's build a little
conversation about it.
Like, what do you think?
And I think there, once youstart finding out the core of
why people think about money theway that they do, why they
handle money the way they do,maybe they didn't have any,
(06:45):
maybe their parents didn't talkabout those conversations.
And so you get to learn by justoffering like.
I'm learning too.
I'm not better than you.
I don't have all my financestogether and calling you out
because you don't.
It's just we are learningtogether.
And any information that I know,I wanna share it with you.
So sometimes if I see a YouTubevideo, if I'm doing one of my
(07:08):
segments, I'm talking to expertsall the time, there are things
that I just don't know, right?
Or I'm not at that point in mylife to know that yet.
Right?
Like I didn't grow up knowingwith a five.
Uh.
What is it?
Five two plan 5, 5
Stoy Hall (07:23):
2.
Yeah.
Daniela Molina (07:23):
Yeah.
For your kids, like saving moneyfor your kids to go to college.
That was not a conversation myparents had.
We didn't even know that was athing, so.
How do I have that conversationnow with other parents, or how
do I have that conversation withmy grandparents like y'all did.
You know, there was this programthat you could just put a couple
dollars in as your kids grow andnow they have something for
(07:45):
college.
Isn't college expensive, liketrying to change the narrative
and not be so hard ass on, youdon't have it together, your
finances suck.
It's shifting that conversationso it's more educational and
not.
Pointing the blame.
I think people are more openwhen you're willing to teach
rather than school in a bad way.
(08:08):
Like, I'm gonna school youbecause you're not as smart as I
am.
Yeah.
So
Stoy Hall (08:12):
absolutely.
The next segment, which is a funone, in this time, everybody's a
different spin because since wehave someone from the media with
investigate TV and herbackground of.
That's what she does.
I'm gonna have her answer alittle differently than others,
right?
So in this segment, what SocietyMedia are saying, I kind of want
you to take these quotes that Isend to you or say to you, and I
(08:33):
want you to think about it fromtwo lenses, right?
Mm-hmm.
Your lens as this person, right?
And then your lens of from themedia of why you believe these
sentences are coming from themedia are coming this way and
derived that way.
Because I wanna pick your brainmore on.
Why we hear and only see certainthings in the media coverage as
opposed to kind of what's thereal things that actually work
(08:55):
type of situation.
So first one is on the, on ourwhole topic.
Just cut your family support ifyou want to get ahead.
Right.
I hear that topic all the time.
Just cut your family out.
You'll get ahead.
Um.
What, uh, what do you say tothat?
Daniela Molina (09:11):
Personal, it's not that simple.
That doesn't work that way.
That's not like, that's not howthat works.
Uh, that's a hard thing to do,right?
Um, but it is like somethingthat you have to think about,
like educating enough yourfamily to know, well, I'm my own
person and I'm going to navigatemy finances this way.
I'm gonna navigate things myway.
(09:33):
Media wise, I think it.
It sparks conversation.
It sparks the like, I'm gonna beproactive about this, and my
family's the first one that getscut out'cause they just don't
understand it.
Um, not the right approach.
I think, you know, as someonewho works in the media, I'm very
critical about the media.
I think there's a lot of thingsthat we do, um, to.
(09:56):
Get people like it's a business,like people forget, like the
media is a business and in orderfor us to survive, there are
some things we go, we're goingto do that.
Like spark conversations, sparkpeople in the comments, spark
conversations about.
Maybe things were influencingpeople to like go to the store
(10:16):
and buy things.
Like we are also part of that, Ithink not all the media does
that, but I think we have atendency of maybe blowing things
out of proportion and making itseem bigger or like black and
white.
And the truth is, if you sitdown with a singular person,
it's never black and white.
There's always some gray inthere and some things that we
need to know.
So yeah.
(10:38):
If that's on us.
Stoy Hall (10:40):
Yeah.
And we'll, we'll get to more ofthat'cause Boy do I have some
opinions.
Uh, the next one is, debt isalways a bad choice.
Now I know this from my mediatraining.
Um, using words like always issomething that usually triggers
someone to go one way oranother.
But what do you say to that?
That sentence, debt is always abad choice.
Daniela Molina (11:01):
That's as someone in the media and someone
as personal, that's factuallywrong.
That is a lie.
Um, I actually am doing asegment in Spanish about good
debt and bad debt, and there isgood debt.
Like buying a home is good debt.
Yes, you have all this moneythat you owe, but it's a good,
right?
(11:21):
It's an asset.
Um, so not all debt is alwaysbad.
I think those words are just.
Again, to get people heightened.
To get people like, oh my God,I'm in a place.
Or now you're pushing for peopleto go to a financial advisor.
Maybe you're pushing people tolike, have conver.
I, I understand the, the push onhaving conversations about this,
(11:42):
but I also feel like we crossthat line, so always is not, no,
don't use that word.
The media should not be usingthat word because it's not black
and white.
Y'all like, it just isn't.
Stoy Hall (11:55):
And this, this one's on here.
This is more just a mediaquestion in general, why do we
see a lot?
Uh, I guess this is more nownewer reporting, in my opinion.
Um, less about true, just purefacts and getting a lot more
opinionated and not opinionpieces.
People, I'm talking about a lotof our stories now when I'm
(12:16):
reading them, even in thefinancial industry, right?
Are are very still opinionated,right?
They, they, they, they areleaning one way or another.
Not politically, just ingeneral.
They're leaning one way oranother.
Where did it happen in historywhen, like as a reporter in
media?
It used to be just facts.
Facts are here.
It is truly.
(12:36):
This is what's real.
One plus one equals two asopposed to now it's like one
plus one sometimes equals two.
It depends on the scenario.
Um, what do you have to say tothat?
That can not only help ourlisteners understand and try to
get a broader sense of what isright, wrong and indifferent in
media, but also for us businessowners that are in the media and
(12:58):
trying to, you know, producemore to, to be out there of
like.
What are we supposed to do,right?
Because we're based on facts andI know I work with you a lot,
but like everything I say is afact.
It has to be or else I'm gonnahave compliance at my ass.
However others are using it asmore of a tool to kind of like
we just said, of using alwaysand being aggressive with
(13:18):
cutting family support.
What do you have to say to thatin terms of.
What's been going on with medialately?
Daniela Molina (13:26):
Oh boy.
This is a loaded question, and Icould talk about this forever,
but I really do think that itgoes down to we are polarized as
a country.
Um, it's no longer this side orthis side, I mean, or in the
middle.
Like we are just very hard overhere, hard over there.
And that's with everything.
So you consume only the mediathat you agree with.
(13:48):
You consume only the facts thatagree with your beliefs rather
than being open-minded.
And I think as the media we havebecome, so trying to bring
context into things rather thanjust stating what it is and
letting people at home decide.
I think that we have done, wehave gone way too deep.
(14:11):
Into trying to cover specifictopics and have lost the purpose
on why we're doing it and thefacts.
That is the most important part.
We need to tell the story withall the factual elements and
people at home will decide.
Do they agree with it or don't?
It is not our decision to makethose choices for people.
(14:33):
And I think the media hasevolved in a, in a way that now
we're telling people what theyshould know and shouldn't know
in the way of like, you shouldagree with me, or You should not
agree with me, or you should notagree with them.
'cause they don't know whatthey're talking about.
So what we have to do, and Ithink I do this myself, I don't
consume.
All media anymore because it'svery polarized.
(14:55):
So who do I believe in the mediaspectrum is giving the full
fact.
That's who I'm gonna follow.
That's who I'm gonna read.
That's who I'm going to base myopinions and my decision making
on not the one side or versusthe other.
Um, so consume the media thatreally aligns with fact-based
(15:16):
information.
Where's the study coming from?
Who are the sources?
Um, is this based off researchthat has been done?
Can you understand the research?
Also, because some research outhere be saying things and I'm
like.
Who came up with that?
Like what I, how many people didyou survey, right?
Oh, 50.
Well, 50 is not the population,so maybe try again.
(15:39):
That's not factual.
That's not the population.
So really think critical.
Is this information fact or isit not?
And then from there decide howdo you wanna really go about.
Who is this media company that Iwanna follow?
Who's other people or experts?
Um, I'm really big on findingpeople who has the most
(16:01):
expertise on the topic that Icare about.
Um, and I mean people who havestudied it, people who have
lived it, people who are doingthe work now, not someone who
did the work 15 years ago and isso disconnected and now is
giving advice.
The world changes, thingschange, people's priorities
change.
So how do we keep up with that?
So really doing that, and Ithink it is a hard job that you
(16:24):
do, um, providing, you know,financial advice to people.
'cause people will be like, wellI saw on the internet that they
said there's a lot of things outthere.
Do this.
Ah,
Stoy Hall (16:36):
please don't.
Daniela Molina (16:37):
Yeah.
Or you should deck consolidateeverything.
And it's like.
Oh, maybe you shouldn't.
Maybe you should see what all ofthe options are out there.
Speak with a financial advisorbefore you make those decisions
because you saw an articleonline that said that you should
probably do that Same thing whenit comes with student loans,
(16:58):
which is such a hot topic rightnow.
Oh, well, like, oh, well maybethis is the best plan for me
because I read an article thatsaid that this is.
Is that the best plan for you?
Can you, are you comfortablehaving 50, 60, 70,$80,000 in
debt for your student loans?
Is your education worth that?
(17:19):
It's up to you, but based it offfact.
Um, and I think a lot of theworld that we live in right now
is not.
Unfortunately not based on fact.
Um, I believe the work that I dois based on fact.
My colleagues, the work thatthey do is based on fact.
Um, and I, this is why Icontinue to do the work that I
(17:40):
do, where I do the work that Ido, because I do believe that we
stand on that.
But just really consider who'sthe source.
Who's the expert in this?
And would you really count onthem, um, to give you financial
advice or just any advice ingeneral?
Like really be mindful becausethe media is meant to throw a
(18:01):
hundred things out there andthere's a lot of noise.
Can you tune out the noise tofigure out where the fact is?
Stoy Hall (18:09):
Absolutely.
Our next segment is about yourpoint of view, so this is taking
your experience.
Of life, your experience in yourbusiness, experience in college,
everything that you have fromyour point of view, right?
This is our opinionated side ofthings, as much as we can do.
Um, what have you done or haveyou seen?
(18:30):
For the, that first gen person,right?
The one that's trying to leadtheir family to prosperity or
whatever.
What have you seen from them orhave done yourself to really set
hard boundaries?
Because we know.
Families, they don't necessarilyalways do it on purpose,
although some do will pull youback down into the fray of that
(18:53):
and not allow you to get ahead.
So what's your point of view onbeing able to set boundaries
between you and your family orloved ones?
Daniela Molina (19:03):
That's a great question.
Um, I actually have aconversation with this with one
of my girlfriends often, um,because they're a family and I'm
blessed with one that doesn't dothis.
And, you know.
But I know a lot of families dowhere they're like, Hey, you
think you can pass me like some200 bucks?
I'm trying to, you know, family,the asses for money when you're
already in a tight situation.
(19:23):
Some people are living paycheckto paycheck, um, and some
families are pulling them in.
And I think setting boundarieswith anything, setting
boundaries is important.
Um, you might look like the badguy at that time.
And to them you might be, andthat's fine.
But I think you need to rememberthat this is your life.
(19:45):
They have lived theirs and theyhave, um, made the financial
decisions.
They did at the time, and allyou can do is assist them with
the decisions they made then,but it's not your responsibility
to solve every problem for that.
You have your own financialwellness to worry about.
You also have generationalwellness to worry about, right?
(20:07):
Like if you decide to have kidsin the future, like you wanna
lead them in the path that maybeyou didn't have.
And so boundaries are like, no,I'm sorry, I'm in.
I am trying to save this amountof money, or I'm trying to build
something here or invest thisamount of money at this moment,
I can't help you do that.
Um, and I think that'sboundaries are important.
(20:28):
Educate them.
I, I continue to push that.
If you, if you have theopportunity to not all families
or welcome me of that, um,educate them, pass something
over.
If they see it, great.
If they don't, don't, um, youknow, um, I think all we can do
is.
Worry about our financialwellness.
'cause when we get to a placewhere we feel good, that's when
(20:50):
we can start working and helpingother people feel good too.
Right?
Our testimony, the things we'vegone through helps.
So, an example of this is I'mlike terrified of credit card
debt.
Like, truthfully, it, it, itreally scares me and it scares
me because when my parents cameto this country, they just like.
(21:12):
They didn't understand creditcards and they just got so many
and it just like a lot of money.
They owed a lot, a lot of money,y'all.
And they ended up in bankruptcy,like to that level.
Right.
Um, and they didn't even, I wishthey had known that there were
other options rather than filingfor bankruptcy.
That there are, you know,businesses and nonprofits out
(21:33):
there that will help you getyour credit together.
That they could pull theirannual credit report.
They didn't know how to do anyof that.
So.
I'm not repeating that becausemy mom says, oh, we should get a
credit card.
We should not get a credit card.
Thank you.
I'm good on my end.
Right.
Um, and if they ask, andsometimes they might ask as they
(21:55):
see you developing in yourfinancial wellness, they might
ask, Hey, I saw this deal onthis credit card, but you know,
I think the interest rates are alittle high.
Do you mind looking at it?
Not everyone will do that, but Ithink giving them a space also
for them to learn from you isthe way that you sort of create
(22:16):
those boundaries, but createthem.
Because what you don't wanna dois create the same financial.
Hope that your parents were into pass over to you, to pass
over your next generation, topass over your friends.
Like if you don't have goodfinancial habits, that will leak
(22:37):
through everyone else aroundyou.
Like if your girlfriend lovesgoing out every weekend and
loves spending a lot of money,eating and drinking and all the
things, and having a good time.
That is good.
Every once in a while.
That's not good when you'retrying to meet those financial
goals you said you were gonna doat the beginning of the year and
you just haven't.
So you gotta strip boundaries.
(22:58):
Boundaries.
Hey girlfriend, I can't, I'mtrying to do X, Y, and Z, you
know, and let's start talkingabout money.
Stoy Hall (23:05):
Yeah, absolutely.
We have to, if we don't Yes.
We're gonna be doing the sameshit we're doing and it does not
work.
Exactly.
Daniela Molina (23:12):
It just don't work.
Stoy Hall (23:14):
Not working.
Alright, let's put your mediahat on.
Okay.
How do you, and this one'sactually for you to answer, but
like, how do you separate or setboundaries from.
You being your media personalityinto your personal, right.
I know that's not like pureseparation'cause you kind of
have to do both, but like whatdo you do to kind of protect
(23:35):
your personal side away from themedia?
I'm here, here's my face side.
Daniela Molina (23:41):
Uh, that's so hard.
Um, I feel like my journalist.
Hat is never off truthfully.
Um, but I think it's reallycreating a space of being around
people that don't know nothingabout what you do and don't care
anything about what you do.
So they're not spending the daybeing like, oh, did you see what
happened in the media?
Like, no, I don't wanna talkabout that.
(24:03):
Let's, let's talk about anythingelse.
I think, you know, for me itreally is, um, finding spaces.
Of people who have passions, whohave other things they worry
about.
That's not just their career.
So we can, so I can be myself.
Now in the media, a lot ofpeople will tell you, well, you
know, you have to be thiscertain way.
And this is what they basicallyteach you in journalism school.
(24:25):
Like the expectations are these,and you have to stay in this box
and you can't really give toomuch of who you are.
Like if you're going to aninterview, you're there for the
interview, you're not there tosmall talk and I don't agree
with that.
I think being a human andshowing up as a human and then
my job being the extra, that'swhere I get the best interviews.
(24:47):
That's where I build sources,that's where I build trust
between me and my source, wherelater they'll call me and be
like, Hey, did you hear aboutthis thing that happened?
That's because I showed a momentof being human.
Um, and I think in the mediathere is a disconnect of like, I
am.
The teacher and you are mystudent.
I don't see it that way at all.
(25:08):
I think I can learn fromeveryone I talk to.
So I approach everything as ahuman, so I get the blessing of
being both the media person,like putting my media person
head on, but also being a humanat the same time.
And that's what I live by.
Um, other people are very likeone or the other.
(25:30):
I just don't think that's theway to do it.
No,
Stoy Hall (25:32):
I don't either.
I don't either.
Daniela Molina (25:34):
Well, you know, like we, we have conversations
all the time and it's very likenormal, regular, like, we're
just chatting.
That's how I want to feel.
I want people to feel like, yes,I'm a professional, um, and I
will showcase professional work,but I also want you to know that
I'm still like a human at theend of the day, and if I don't
have this job.
I'm so human, right?
(25:55):
Like I'm still navigating theworld just like you are.
So that's the biggest thing forme.
Stoy Hall (26:00):
Now, this is because this is how you operate because
you're bilingual, but talk methrough one how creating
different segments andcommunicating in two different
languages and how hard that isbecause you don't just like.
Do one and then just have thetranscripts and, and change it
over the voiceover.
You do two different segments,especially with me because,
(26:21):
well, you know, I can't speakSpanish.
The second part of that thoughis as a business owner, when
you, when you look at me now,how important is it to have.
Multi-language type contentmedia, or how can I speak to
more, um, you know, moreHispanics because I can't speak
Spanish.
Like, what do you say to thosetwo things of communicating in
(26:44):
both languages, but also as abusiness owner, like, how can I
get into a different market ifI, if I can't speak the
language?
Daniela Molina (26:51):
Yeah, so being bilingual has been a blessing.
I thank my parents for that, um,because my first language is
Spanish, but I came to the USand I only knew English, like
that's what I was taught inschool.
Uh, but my parents were superadamant about speaking Spanish
in our household, so I neverlost it.
So doing these segments, I, Igotta be honest, it was never my
(27:13):
intention to actually be oncamera.
It was never really my intentionto do these segments to begin
with.
I never had this plan and, andlike at all, I, I, you couldn't
have paid me to tell me that Iwould've been doing this.
Uh, but I soon found out as Iwas doing them in English, there
was a huge community that wasmissing out of Spanish speaking
(27:33):
community.
Tends to be the one that needsthe information the most.
Um, and so I was like, I guess Ihave to put myself out there.
Um, and it, I wasn't on camera.
This was like, I was justtracking and I was putting these
segments together, but I knewthat me talking, I don't wanna
be a talking head, I don't wantan expert.
So I started seeking outbilingual experts who were
(27:56):
willing to share information.
And then I also like.
Conversation you gave suchvaluable information.
I can translate that to sopeople can understand like,
here's the values of ourconversation.
The things that you can do rightnow, if he's telling you, you
should save this for sports.
This is solid advice.
(28:17):
It doesn't matter what languageit's in.
So for me, it felt like a dutyto my community to share this
information.
Um, it felt like there is just agap there and I don't think we
have really fulfilled it.
And I didn't know how manyexperts I was gonna meet along
the way that actually spokeSpanish.
(28:37):
I thought it was just gonna beme.
And I was like, oh, great.
Like I'm tired of listening tome.
Can we talk?
Can we bring an expert in?
But to your question about whatdo you do when you don't speak
the language?
Um, just continue to give outgreat work.
Like give really good financialadvice if you can make a graphic
in Spanish that has theinformation, like, you should
(29:01):
save this.
Or if you're thinking about, youknow, I think those things are
undervalued, but they're,they're impactful.
They're impactful.
Good advice.
Doesn't matter what languageit's in, it's good advice,
right?
So if you're giving me advicethat really will set me up.
I don't care if it's in Englishor in Spanish or in French or
(29:22):
Italian.
It's solid advice.
So that's what I'm gonna use.
So as a business owner, um, Iencourage that.
I encourage partnerships.
You know, if there's someone inthe community who's doing this
sort of work that has a Spanishspeaking background or is
actively working to learningSpanish, um, and providing
(29:42):
content out there, how can youpartner up with them to do that
sort of work?
Um, it all, it takes for usreally, and I speak for the
Hispanic community, I guess whenI say this, is we only just
wanna see effort.
Like, you don't have to know itall, but like effort really
makes a difference.
Like.
Yes.
I can't provide you financialadvice.
(30:02):
I can't sit down with you andtalk to you in Spanish fluently,
but you know what I can do?
I can give you a sheet that hasinformation that's very
valuable.
Maybe you had someone look at itas Spanish, like if you were to
give it to me like, Hey, what doyou think about this sheet?
Is this like.
Even if you use Google Translateai, whatever you need to do to
get it done, have it be reviewedby somebody and be like, is this
(30:24):
valuable to someone at home?
And then share it that way.
Um, any source of informationthat the Spanish speaking
communities can have to justadvance themselves, I think that
really helps.
Stoy Hall (30:37):
We kind of just bled into the next segment a little
bit with that.
And that's like actual steps.
So first, do what she just said.
Okay.
Uh, start with just, uh, asheet, a pamphlet, a something,
right?
Um, to show, to show effort.
I know that's what I'll start bedoing even more so as we go.
Um, so that's your firstactionable step.
People look at that.
It was easy.
(30:57):
Didn't have to go anywhere.
Now let's do two more actionsteps for people and.
This next one is kind of a blendof everything that we've been
discussing with you.
What is, how do I ask this?
What is the, your opinion, whatis the best way to start the
money talk during these holidayswith your family?
Daniela Molina (31:21):
Well start early.
Um.
It's hard, right?
Because Hispanic communitieslike this is our time to shine.
If you've never been to aHispanic party, I'm gonna tell
you, we go full out.
We go full out for Christmas, wego full out for every holiday we
can.
Uh, but the reality is our fundsdon't go fool out.
(31:43):
We put ourselves in financialhurdles by trying to please
everybody.
So one, have realisticexpectations, like, sit with
your family.
Stoy Hall (31:52):
No, don't do it now, and talk
Daniela Molina (31:54):
to them like.
Hey.
Um, I feel like this year we'rea little tight on money.
Oh, did I freeze?
Stoy Hall (32:02):
You did for a little bit, but you're good now.
Keep going.
Daniela Molina (32:04):
Okay.
Um, we're a little tight onmoney.
Have that conversation, like,okay, what do we wanna do for
Christmas this year?
Like, big picture and have aconversation.
Oh, well I wanna travel, or, no,I think we should have a party,
or no.
What if we do a secret Santalike.
Have a realistic expectation ofwhat your family can do, and
then go look at your budget.
(32:25):
Can you even do that?
You know, the reality is like,if you're not sitting down
knowing what money comes in andwhat money comes out, you, you
skip the main step.
You skip.
The expectations are great, butdo you have the money to do
them?
So in my, his, in my household,you know, some years have been
tougher than others.
(32:46):
Right.
Like, and when you get intoadulthood, it's very different.
Like you're not gettingChristmas gifts and things like
that, but you're stilltraveling, maybe you're still
visiting family.
And so, um, we are like, okay,so what are we doing?
That's the big question, like afamily.
Am I traveling over there?
Are you guys coming up?
Like what are we doing?
And from there we're like, okay,well we can't really do
(33:08):
Christmas gifts, so what if wedo one gift for each person?
Like, and this what my familydoes.
So it's just the three of us asmy parents and me, I'm an only
child.
So we do the, okay, I'm giving agift to dad and I'm giving a
gift to mom.
Mom's giving a gift to dad andgiving a gift to me.
Dad is giving a gift to mom andme.
(33:29):
We all get a gift.
We all satisfy each other.
We all spend that moment openingeach other's gift and feeling
like really rewarding and that'sit.
And we didn't go over budgettrying to throw something big
or, oh, I'm gonna give them like30 gifts because like, no, let's
be realistic.
Um, sometimes scaling down isgood.
Sometimes it's like the giftsthat you do that are meaningful
(33:52):
or that there's some thoughtbehind them.
Like, don't just buy to buy.
Um, material things last today.
They don't last very long.
Like, you know what I mean?
Like really think about thevalue of the gift that you're
giving and the time that you'respending with your families and
have that conversation, um, anddon't feel like, oh my God,
(34:14):
they're gonna be like, I'm poor.
And avoid that.
Like, that's, that's not theconversation.
The conversation isrealistically, where are we at
this year?
What, what can we do and whatdoes our budget allow for us to
do?
And seriously start planningahead.
Like, don't wait Black Friday tostart getting some Christmas
(34:38):
gifts.
Yes, the deals are good, butlike you should probably have
had the time, like you've had awhole year to prepare for
Christmas, like, and uh,something that I've noticed to
be a little more intentional.
Me and my family has starteddoing is Amazon allows you to
create lists of things that youwant.
How about you buy something offthat list that you know for sure
(35:02):
somebody else wants, rather thanbuying, oh, here's a little case
of perfume and you didn't wantperfume.
You have like 500 in your house.
Intentional buying, intentionalspending, um, and just have the
conversation.
Stoy Hall (35:15):
Yeah, just have the conversation.
Simple as that.
Daniela Molina (35:18):
It's, it's simple.
Like I think people avoid itthinking it's gonna go worse
than they expect, and they'd bepleasantly surprised that
sometimes just having thathonest conversation is better
than avoiding it, and then laterfeeling that financial burden
because you overextendedyourself and now you're even
more in debt than maybe what youwere from the previous year.
(35:40):
So have it.
It's not, let's break thistaboo, y'all.
Seriously.
Stoy Hall (35:47):
Let's break the taboo.
Let's do some critical thinkingfor ourselves, right?
Base things, off facts, andultimately just reach out and
communicate to each other.
And I think not only will thathelp you in your wealth journey,
that'll help you just as acommunity and as a family, as
you know.
As times are tough, right?
(36:08):
Mm-hmm.
Um, and the things just keepgetting sometimes worse, uh, as
we speak.
So I appreciate your time.
I know our listeners will too.
And everyone stay tuned'causethe next episode that we'll have
her on.
Not the 12 days of giving one,but her full episode.
We're gonna dive into a littlemore media training for a lot of
you because you need it.
Okay?
(36:28):
I, I've seen a lot of stuff.
Y'all need some media training.
You need to be in the mediamore.
So go ahead, check out, uh,Daniella's.
On the website, all those thingsreach out to her.
Too bad.
I'm already on her list as asource, so you can't outbeat
her.
Yeah.
But I know that she'll take morespecifically if you guys are
Hispanic or Spanish speaking.
So without further ado, weappreciate you.
(36:50):
Look forward to having you onnext time.
Daniela Molina (36:53):
Thank you.
NoBS Wealth (37:08):
The proceeding program was sponsored by Black
Mammoth.
Any awards, rankings, orrecognition by unaffiliated
third parties or publicationsare in no way indicative of the
advisors future performance orany individual clients
investment success.
No award ranking or recognitionshould be construed as a current
or past endorsement of blackmammoth.
(37:30):
Information regarding specificawards, rankings, or
recognitions is available on theBlack Mammoth website, www.black
mammoth.com.
All investment strategies havethe potential for profit or loss
Investment strategies such asasset allocation,
diversification, or rebalancingdo not assure or guarantee
(37:50):
better performance and cannoteliminate the risk of investment
losses.
There are no guarantees that aportfolio employing these or any
other strategy will outperform aportfolio that does not engage
in such strategies.
This broadcast should not beconstrued by any client or
prospective client as asolicitation to affect or
attempt to affect transactionsand securities or the rendering
(38:13):
of personalized investmentadvice due to various factors
including changing marketconditions.
The information discussed inthis broadcast may no longer be
reflective of current positionsor recommendations.
Information presented isbelieved to be factual and up to
date.
Black mammoth do not guaranteeits accuracy and it should not
be regarded as a completeanalysis of the subjects
(38:36):
discussed.
The tax and the estate planninginformation discussed is general
in nature and is provided forinformational purposes only, and
should not be construed as legalor tax advice.
Listeners should consult anattorney or tax professional
regarding their specific legalor tax situation.
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