In this episode, we sit down with Saundra Davis to discuss the first, second, and third stages of the generational wealth model. They dive into topics like the internal and external environment, financial DNA, financial healing, and the significance of financial knowledge. Saundra opens up about her own financial journey and the obstacles she faced in getting financially secure. Financial literacy is a necessary component of creating generational wealth, but it is not the most essential. The ability to act on financial knowledge is equally important. Financial influencers play a valuable role in raising awareness about financial topics, but they should be accountable for providing accurate and comprehensive information. Practical ways to educate younger generations about financial literacy and wealth building include starting early, teaching the difference between needs and wants, and involving children in financial decision-making. Early financial education and modeling are crucial for children to develop healthy money habits. Cultural and societal factors shape attitudes towards money and wealth accumulation. Financial professionals should approach their work with cultural humility and curiosity. Empathy and compassion are essential in the financial space, both for oneself and for clients. Practical steps for building wealth include self-reflection, defining personal wealth, and seeking appropriate support. To learn more about Saundra and her work, visit: https://sagefinancialsolutions.org/ Follow him on social media at: Instagram: https://www.instagram.com/sage.money Facebook: https://www.facebook.com/people/Sage-Financial-Solutions/100064003667058 X/Twitter: https://twitter.com/sagemoney YouTube: https://www.youtube.com/ @sagemoneytalks To learn more about Dr. Joaquin Wallace and the Generational Wealth Model, visit: https://www.drjwallace.com Follow us on social media at: Instagram: https://www.instagram.com/dr.joaquinwallace X/Twitter: https://twitter.com/_Joaquinmedia YouTube: https://youtube.com/@thenewwealthwavepodcast LinkedIn: https://www.linkedin.com/in/dr-joaquin-wallace-91819514
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