Replay - 075: A Latin's Perspective Of Handling Money

10/27/22 • 48 min

Listen as Dave talks about his Mom's tradition with money being born and raised in Mexico and how that helped Dave, as he was born and raised in Los Angeles. Dave explains how it affected his mindset with money and also Dave walks you through how he handles credit/debt, utilizing credit cards. Dave also breaks down how he is teaching his children how to responsibly use credit cards to their benefit and reap the rewards that credit cards can offer.
Although Dave's perspective on the handling of credit cards does not align with someone like Dave Ramsey who believes we should not use any credit cards or have any debt, I understand Dave's mindset is not for everyone but using credit cards responsibly can effectively grow credit and wealth.

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Replay - 074: The Benefits Of Learning Financial Literacy At The Age Of 15

In this episode you will hear Faith talk about how she learned financial literacy from me (her Dad). Through Faith's early conversations of financial literacy, at 15 years old, she learned the value of time and how to give value with her time to have higher earnings. Faith began working at the age of 17, she learned to have great work ethic, create her retirement account (Roth IRA) and save. Fatih also established her credit on her own, growing it from zero to 720 in 18 months and is continuing to grow it. From great work ethic, saving her money, understanding the difference between Wants and Needs, is what allowed her to purchase her first home all on her own. A truly inspiring story.

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076: Getting Her First Job At Age 14, Having Money Goals

In this episode you will hear Kim talk about how Education is very important in her family, Kim's husband is a Teacher and Kim is a Lawyer. When Kim was 8 years old her parents divorced and that made money a little tighter when she was growing up. Kim knew if she wanted to have things and buy a car she would have to get a job, so at the age of 14 she got her first job at a car dealership. With this job Kim became a good saver as she realized she was saving for a purpose. Kim had clear written money goals from the beginning and worked hard to achieve them. Kim's Mom was a bookkeeper so she learned some concepts about money, how to budget and track spending. Kim's Grandmother is the one who taught her about building credit which was to use it once a month on something you can afford and pay it off before the due date. This is a great listen that we can all learn something from.

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