In this episode, Luis speaks with Arnold Gillo, LCSW, a Behavioral Therapist based in Las Vegas, NV. Originally from Kenya, Arnold moved to the U.S. and graduated from the University of Utah. He then founded Behavioral Health Consultants and is a Licensed Clinical Social Worker with expertise in treating dual diagnosis patients. Luis came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City, he noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education. He founded Build a Better Financial Future LLC and is the host of the On My Way to Wealth podcast. Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch. From participating as an FPA NexGen Ambassador to speaking at the CFP Board’s Diversity Summit, Luis uses his platform to help spread financial literacy as well as encourage younger and diverse planners to join and thrive in the industry.

 

Notes:

In this episode, you’ll learn about the following:

• What is emotional spending?
• How has life under quarantine impacted emotional spending habits?
• What are some ways to help prevent or curtail emotional spending?

 

Resources:

• 3 Fundamental “Money Moves” to Make Before Turning 45
• Arnold Gillo’s LinkedIn Profile
• Arnold Gillo’s Psychology Today Profile
• American Psychological Association Willpower, Finances & Spending Article
• Psychology Today Behavioral Economics Article