Financial Education versus Financial Experiences

04/15/24 • 17 min

My degree is in finance, but it wasn’t until I had learned from terrible money experiences that things started to improve.

Seriously, from 18-21, I was going to class every day, learning about money and finance and analysis, but after school, I was out spending money and accumulating debt.

I was not implementing a drop of what I’d learned and in hindsight, I’ve realized that there is so much more to money than knowing what to do with it.

Our thoughts, experiences, influences, and society all play a role.

In this episode, I’m sharing why you don’t need a formal education in finance to become financially independent.

I’m also sharing how financial experiences can mold a life of financial security.

Here's a glance at this episode:

[02:31] Raya shares her early experiences with money as a child and her perspective on how things were covered back then.
[04:57] A money belief that Raya absorbed early on was that if you go to work every day you will come home and have what you need.
[07:45] The money principles Raya learned before college went out the drain when she got to college and had access to credit cards.
[11:25] Raya learned the importance of paying her bills on time but only because she almost faced eviction for failing to pay rent on time.
[14:41] 9 years after starting City Girl Savings, most of what Raya learns is through financial experiences compared to financial education.

Rate, Review, & Follow:

Did you love this episode? Are you a fan of the City Girl Savings podcast? If so, please consider rating and reviewing the show!

This helps spread the word about City Girl Savings, and hopefully helps more people make the best money moves possible on the way to their dream life!

To leave a review on Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Then be sure to let me know what you loved most about the episode!

Also, please make sure you’re subscribed and following the City Girl Savings podcast on Apple Podcasts, Spotify, and YouTube!

Resources mentioned in this episode:

Listen to Episode 1 – Big City Spender to City Girl Saver

Learn about Raya’s Financial Focus Coaching Program

Follow City Girl Savings on Instagram, YouTube, and TikTok

Join the City Girl Savings Facebook Group

Subscribe to the City Girl Savings Newsletter!

My degree is in finance, but it wasn’t until I had learned from terrible money experiences that things started to improve.

Seriously, from 18-21, I was going to class every day, learning about money and finance and analysis, but after school, I was out spending money and accumulating debt.

I was not implementing a drop of what I’d learned and in hindsight, I’ve realized that there is so much more to money than knowing what to do with it.

Our thoughts, experiences, influences, and society all play a role.

In this episode, I’m sharing why you don’t need a formal education in finance to become financially independent.

I’m also sharing how financial experiences can mold a life of financial security.

Here's a glance at this episode:

[02:31] Raya shares her early experiences with money as a child and her perspective on how things were covered back then.
[04:57] A money belief that Raya absorbed early on was that if you go to work every day you will come home and have what you need.
[07:45] The money principles Raya learned before college went out the drain when she got to college and had access to credit cards.
[11:25] Raya learned the importance of paying her bills on time but only because she almost faced eviction for failing to pay rent on time.
[14:41] 9 years after starting City Girl Savings, most of what Raya learns is through financial experiences compared to financial education.

Rate, Review, & Follow:

Did you love this episode? Are you a fan of the City Girl Savings podcast? If so, please consider rating and reviewing the show!

This helps spread the word about City Girl Savings, and hopefully helps more people make the best money moves possible on the way to their dream life!

To leave a review on Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Then be sure to let me know what you loved most about the episode!

Also, please make sure you’re subscribed and following the City Girl Savings podcast on Apple Podcasts, Spotify, and YouTube!

Resources mentioned in this episode:

Listen to Episode 1 – Big City Spender to City Girl Saver

Learn about Raya’s Financial Focus Coaching Program

Follow City Girl Savings on Instagram, YouTube, and TikTok

Join the City Girl Savings Facebook Group

Subscribe to the City Girl Savings Newsletter!

Previous Episode

How I Paid Off My Dream Car (Lexus RX350)

I paid off my dream car! OMG!

It was one of my goals for 2024 and I got it done first thing.

Mostly because I was so close to being done with the loan (I had about a year and a half left) and because I wanted to add my car payment back into my budget for 2024.

So, I got it done!

In this episode, I’m sharing how I was able to purchase my dream car (the Lexus RX350) brand new and pay it off early.

I also want to give you a little background on my history with cars.

Here's a glance at this episode:

[02:37] Raya shares the story of her first car and how she got caught driving it a few days before her 16th birthday.
[05:35] Certain signs that are ignored will keep coming back, bigger and bigger. This happened to Raya when she got her first car. It didn’t end well.
[10:17] Raya didn’t have a car her first year of college while living in LA. She had to hitch rides or learn to stay home.
[16:11] Raya shares her decision to go look at her dream car at the Lexus dealership. It was to serve as motivation as she worked and saved.
[19:35] Raya explains that adding in a $1000/month car payment into her budget wasn’t as easy as she’d thought it would be.

Rate, Review, & Follow:

Did you love this episode? Are you a fan of the City Girl Savings podcast? If so, please consider rating and reviewing the show!

This helps spread the word about City Girl Savings, and hopefully helps more people make the best money moves possible on the way to their dream life!

To leave a review on Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Then be sure to let me know what you loved most about the episode!

Also, please make sure you’re subscribed and following the City Girl Savings podcast on Apple Podcasts, Spotify, and YouTube!

Resources mentioned in this episode:

Raya’s Lexus Post on Instagram

Listen to Episode 1 – Big City Spender to City Girl Saver

Learn about Raya’s Financial Focus Coaching Program

Follow City Girl Savings on Instagram, YouTube, and TikTok

Join the City Girl Savings Facebook Group

Subscribe to the City Girl Savings Newsletter!

Next Episode

5 Reasons Not to Blame Yourself for Past Money Mistakes

No one is perfect with money. Let me say that again for the folks in the back: no one is perfect with money!

We all make mistakes in finances and in life, but mistakes are how we learn, grow, and improve.

Mistakes help us know what not to do in the future. Mistakes can flip the script and change the course of our lives.

In this episode, I’m sharing 5 reasons why you should stop blaming yourself for your past money mistakes, and how you can leverage your mistakes and experiences to move forward and come out on top.

Here's a glance at this episode:

[01:55] If you have made mistakes with money, you’re not alone. Raya has been there and shares that if she can turn things around, you can too!
[03:40] What good does it do to blame yourself for something you can’t change? The past is in the past, so learn to let it be.
[06:28] Raya made the mistake of getting into credit card debt. Then, after paying her debt off she made the mistake of not addressing the real reason she got into debt.
[10:00] All of your money mistakes have led you to this point right here – listening to this podcast episode.
[13:15] It’s okay to be a work in progress. We’re all learning, growing and improving...or at least we all should be!

Rate, Review, & Follow:

Did you love this episode? Are you a fan of the City Girl Savings podcast? If so, please consider rating and reviewing the show!

This helps spread the word about City Girl Savings, and hopefully helps more people make the best money moves possible on the way to their dream life!

To leave a review on Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Then be sure to let me know what you loved most about the episode!

Also, please make sure you’re subscribed and following the City Girl Savings podcast on Apple Podcasts, Spotify, and YouTube!

Resources mentioned in this episode:

Listen to Episode 101 – Adversity Breeds Resilience

Learn about Raya’s Financial Focus Coaching Program

Follow City Girl Savings on Instagram, YouTube, and TikTok

Join the City Girl Savings Facebook Group

Subscribe to the City Girl Savings Newsletter!