EP. 128 - Money Expert: This Is The WRONG Way To Build Generational Wealth…! ft. Selina Flavius (Black Girl Finance)

Joining us in the booth this week is Selina Flavius, who is a finance coach and founder of Award winning Financial Coaching and financial literacy platform, Black Girl Finance.

In this episode we discuss:

- How Black Women are missing out on billions of pounds

- How we can close the pay gap for Black Women

- How Women can mitigate the impact of family planning on their careers

- We need to think like ‘owners’ not just “consumers”

- What to do if you’re stressed about money…!

- 3 lessons on money management you NEED to know

- How to build wealth for your children

- Actions stopping you from building wealth

- How to start building wealth today..!

- The RIGHT way to build generational wealth

- Why you NEED to speak to your family about money and much more!

Buy a copy of Selina's book "Black Girl Finance: Let's Talk Money" here - https://amzn.to/45OfNsr

Connect with Selina on her website here - https://blackgirlfinance.co.uk

Connect with Selina on Instagram here - https://www.instagram.com/blackgirlfinanceuk

Follow me on: 

• Instagram - https://www.instagram.com/savvywallet
• Tiktok - https://www.tiktok.com/@savvywallet

Check out: https://www.youtube.com/savvywallet for the video version

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TIMESTAMPS

00:00 - Preview

01:15 - Intro

01:51 - Meet Finance Coach Selina Flavius

07:23 - Biggest lessons I learnt from my parents 

08:39 - Growing up in Hackney

12:35 - Why I started Black Girl Finance!

17:38 - We’re not taught about money 

19:55 - What to expect from the Black Girl Finance book..! 

23:02 - Ethnicity/Gender Pay Gap

25:18 - How can we close the pay gap for Black Women? 

27:42 - How Women can mitigate the impact of family planning on their careers

31:06 - Balancing hitting your financial goals vs helping others 

34:24 - Black women are more likely to reduce working hours than retire! 

37:23 - Why YOU NEED to contribute to a pension…! 

41:22 - What to do if you’re stressed about money…! 

47:06 - If I didn’t use money in a way to value myself I wouldn’t be here!

53:38 - Better to take small consistent steps than…! 

56:25 - 3 lessons on money management you NEED to know! 

01:00:04 - This is what’s stopping you from building wealth 

01:04:57 - How to start building wealth today..! 

01:05:38 - Generational wealth isn’t just about money!

01:07:49 - The importance of assets in wealth building 

01:09:50 - How to build wealth for your children

01:13:10 - How to set up a junior ISA

01:13:47 - Why you NEED to speak to your family about financial affairs…!

01:20:31 - Final words

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