Latina Financial Education, Investing & Wealth Building: MoneyChisme

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As first generation immigrants,  you have to balance your money goals with your Culture. Empowering the Latino community to balance these two money mindsets, is the focus of this week's episode. Pursuing Financial goals while balancing a collective cultural upbringing while living in an individualistic culture is rough for First Gen! 

Diving into your financial journey feels a bit like wandering through a maze. But hey, with some solid guidance, you start seeing the path to aligning your cultural values with modern money smarts more clearly.  Giovanna Gonzalez's awesome insights from "Cultura and Cash." We're talking about blending traditional cultural norms with today's savvy financial moves.

 I'll share some personal stories that hit home for those of us straddling between honoring our roots and planting seeds of financial wisdom for the future.

You can support your fam without putting your own financial dreams on hold. That's the vision we're painting in this episode. We're digging into Gigi's advice and dishing out some practical tips for managing your money while still taking care of family responsibilities. It's all about finding that sweet spot between what we cherish and the goals we're reaching for.

So, come hang out with us for a chat that's equal parts understanding and empowering. Whether you're wrestling with family traditions or chasing your own success, we're not just talking finances; we're flipping the script on how we approach it, blending respect for culture with personal growth.

Get Gigi's Book: Cultura & Cash (affiliate link)

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Sign Up for the MoneyChisme & Raíces Newsletter

Resources:

Start Investing with M1Finance or Fidelity
Finance Books to Start Your Journey

Open a High Yields Account
Support/Apoya MoneyChisme

Disclaimer:
I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Please consult a licensed professional before making any financial decisions. I shall not be held liable for any losses you may incur for information provided in this video. Please be careful! This video is for general information purposes only and is not financial advice.

*Affiliate links: I may earn a small commission when you click on the links at no additional cost to you. This helps me provide you with free content, like this podcast! You can read my full disclaimer here: MoneyChisme Affiliate Links and Paid Advertisers Disclosure.

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Unlocking financial freedom and wealth-building with real estate investing, is crucial to closing the racial wealth gap. Real estate investing has many perks from cash flow, to tax benefits and building generational wealth. 

Learn how property investments are pivotal in bridging the racial wealth gap, and I debunk the myth of an impending crisis akin to 2008 and illuminating the balanced market we navigate today. 

In this episode I share the four ways that investing in real estate helps build wealth known as the 4 pillars of wealth creation. 

From building multiple sources of income to appreciation and debt paydown. And let's not forget the tax code—your secret weapon in the real estate game! I get into how to harness tax benefits like depreciation and deductions for expenses, paving your path to maximizing returns.

Link to YouTube Video
https://youtu.be/sBshqkNPwZI

Support the show

Sign Up for the MoneyChisme & Raíces Newsletter

Resources:

Start Investing with M1Finance or Fidelity
Finance Books to Start Your Journey

Open a High Yields Account
Support/Apoya MoneyChisme

Disclaimer:
I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Please consult a licensed professional before making any financial decisions. I shall not be held liable for any losses you may incur for information provided in this video. Please be careful! This video is for general information purposes only and is not financial advice.

*Affiliate links: I may earn a small commission when you click on the links at no additional cost to you. This helps me provide you with free content, like this podcast! You can read my full disclaimer here: MoneyChisme Affiliate Links and Paid Advertisers Disclosure.

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Learning how to reduce your taxable income with effective tax planning strategies helps you keep more of your hard earned money! Tax planning and strategy are crucial for reducing taxable income, especially for those involved in real estate investing. 

This week's chisme, we get into the importance of learning how to use the tax code system to keep more of your money. Which is legal by the way!  Sugey, with her profound knowledge from co-founding Prominence Business and Wealth Management, joins us to shed light on the often intimidating world of taxes, sharing invaluable tips for keeping more of your hard-earned money in your pocket. We also go into the importance of separating  business and personal finances to safeguard your assets come tax season.

About the Guest:
Sugey Piedra is an enrolled agent and 20+ year certified tax preparer.  She is a co-founder of Prominence Business & Wealth Management, which supports high-earning, service-based business owners achieve long-term wealth through a holistic approach to
financial services, providing bookkeeping, tax preparation, financial planning and tax strategy under one roof.

She also hosts and produces Tax Talk with HeyHey Podcast, where they provide insights into business taxes, wealth building and what it means to really create financial freedom.

When she’s not helping service-based business owners to grow their income, Sugey enjoys traveling, horseback riding and working on her own growth mindset.

How to reach Sugey:
IG @ProminenceBMgmt
[email protected]
www.prominencebusiness.com

Support the show

Sign Up for the MoneyChisme & Raíces Newsletter

Resources:

Start Investing with M1Finance or Fidelity
Finance Books to Start Your Journey

Open a High Yields Account
Support/Apoya MoneyChisme

Disclaimer:
I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Please consult a licensed professional before making any financial decisions. I shall not be held liable for any losses you may incur for information provided in this video. Please be careful! This video is for general information purposes only and is not financial advice.

*Affiliate links: I may earn a small commission when you click on the links at no additional cost to you. This helps me provide you with free content, like this podcast! You can read my full disclaimer here: MoneyChisme Affiliate Links and Paid Advertisers Disclosure.

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Embarking on the journey from property owner to renter, I realized that the financial predictability and freedom of renting are often overshadowed by the pride of homeownership. On my podcast, I'm peeling back the curtain to reveal how the rising costs associated with owning a home – from mortgage payments to fire insurance premiums – are reshaping the American Dream for many, including myself. Through my own experiences, I'll illuminate the unforeseen financial burdens that come with maintenance and repairs, and why renting could be your ticket to a more manageable financial life.

This episode isn't just a personal narrative; it's a compass for navigating the tumultuous seas of real estate investing. In the face of scarce affordable multi-family homes, sky-high interest rates, and daunting tenant laws, I've opted for the less trodden path of renting – for now. By sharing the ups and downs of rental property income, I’ll help you understand why this could be a shrewd move, even for real estate aficionados. As I prepare to transition out of the Navy, I'll discuss how renting offers a chance to recalibrate my financial strategy before moving on from California, and invite you to consider how it could do the same for you. Join me as we explore the practical benefits and peace of mind renting can provide, as we look beyond the stigma and into the heart of what it really means to invest in your future.

Support the show

Sign Up for the MoneyChisme & Raíces Newsletter

Resources:

Start Investing with M1Finance or Fidelity
Finance Books to Start Your Journey

Open a High Yields Account
Support/Apoya MoneyChisme

Disclaimer:
I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Please consult a licensed professional before making any financial decisions. I shall not be held liable for any losses you may incur for information provided in this video. Please be careful! This video is for general information purposes only and is not financial advice.

*Affiliate links: I may earn a small commission when you click on the links at no additional cost to you. This helps me provide you with free content, like this podcast! You can read my full disclaimer here: MoneyChisme Affiliate Links and Paid Advertisers Disclosure.

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Wanting to dive into entrepreneurship or start a business? This week I share how to avoid common small business mistakes. I'm sharing the mistakes I have made in the first year of my entrepreneurial journey with Money Chisme. I know my fellow small business owners can relate! It was rough and it was a huge learning curve.  

Wearing multiple hats? Yep, that's a typical thing for many entrepreneurs. I go into real talks on self-discipline, financial finesse, and the art of being kind to yourself when life throws curveballs.

But wait, there's more! I also go into consistency, market analysis, and crafting an operation blueprint.  We're tackling delegation and marketing head-on. Ever been scared of being too pushy in sales? I share my mindset on overcoming that fear and my journey to authentic marketing strategies that'll make your brand shine. 

Remember, this isn't just about keeping the lights on; it's about igniting a fire that fuels the entrepreneurial spirit. Stay tuned for more of this wild ride – because the right conversation might just be the spark for your next breakthrough. Cheers to continuous learning and unstoppable growth! 💃✨

Support the show

Sign Up for the MoneyChisme & Raíces Newsletter

Resources:

Start Investing with M1Finance or Fidelity
Finance Books to Start Your Journey

Open a High Yields Account
Support/Apoya MoneyChisme

Disclaimer:
I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Please consult a licensed professional before making any financial decisions. I shall not be held liable for any losses you may incur for information provided in this video. Please be careful! This video is for general information purposes only and is not financial advice.

*Affiliate links: I may earn a small commission when you click on the links at no additional cost to you. This helps me provide you with free content, like this podcast! You can read my full disclaimer here: MoneyChisme Affiliate Links and Paid Advertisers Disclosure.

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Embark on a quest for financial prosperity with the secrets of real estate investing, freshly served in our latest podcast. We’re not just talking about making a quick buck; we're diving deep into the strategies that build long-term wealth, starting from the ground up. Understand the critical components of your credit report and how it can make or break your journey, and listen closely as we explain the nuances of debt-to-income ratios that could unlock superior loan options. Grab your notepad, because we're also unpacking the resilient mindset needed to navigate the waves of property investment, ensuring you're equipped to handle any challenge this adventure throws your way.

As we chart a course towards financial independence, we lay out a five-year plan that's more than a cookie-cutter blueprint – it's a tailored suit for your monetary goals. Hear firsthand how to pivot and adapt when those inevitable obstacles appear, keeping your eyes on the prize with a strategy that evolves alongside your ambitions. We're offering a glimpse into our exclusive courses – the prepare to invest mini course and the six-week crash course for beginners – designed to transform novices into savvy investors, ready to confidently claim their slice of the real estate pie. Join us for a journey that's not just about acquiring assets, but about crafting the lifestyle you've always envisioned.

Support the show

Sign Up for the MoneyChisme & Raíces Newsletter

Resources:

Start Investing with M1Finance or Fidelity
Finance Books to Start Your Journey

Open a High Yields Account
Support/Apoya MoneyChisme

Disclaimer:
I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Please consult a licensed professional before making any financial decisions. I shall not be held liable for any losses you may incur for information provided in this video. Please be careful! This video is for general information purposes only and is not financial advice.

*Affiliate links: I may earn a small commission when you click on the links at no additional cost to you. This helps me provide you with free content, like this podcast! You can read my full disclaimer here: MoneyChisme Affiliate Links and Paid Advertisers Disclosure.

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New year, New You! It's Violeta here, and I am back after a holiday break! I couldn't be more excited to bring you a fresh episode of the Money Chisme Podcast.

This week, I'm sharing the spotlight with gratitude and reflection, honoring the incredible journey to a thousand downloads and the abundant support that fueled our success. Join me for some quick tips to setting powerful intentions for a prospero 2024.

We go into transforming challenges into milestones, self-care and building a growth mindset and more!

From the show
Journaling Books

Support the show

Sign Up for the MoneyChisme & Raíces Newsletter

Resources:

Start Investing with M1Finance or Fidelity
Finance Books to Start Your Journey

Open a High Yields Account
Support/Apoya MoneyChisme

Disclaimer:
I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Please consult a licensed professional before making any financial decisions. I shall not be held liable for any losses you may incur for information provided in this video. Please be careful! This video is for general information purposes only and is not financial advice.

*Affiliate links: I may earn a small commission when you click on the links at no additional cost to you. This helps me provide you with free content, like this podcast! You can read my full disclaimer here: MoneyChisme Affiliate Links and Paid Advertisers Disclosure.

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This week we dive into Monica Balderas' entrepreneurship journey. She shares her story from struggling single mom to becoming the CEO of her own Real Estate Developer & Builder Company. Monica's inspiring journey from battling family dysfunction and mental health issues to CEO of a company,  is a testament to the power of determination and perseverance. She shares the challenges she faced as a single mother, her motivation stemming from her children, and her courage in overcoming mental illness.

In the latter part of our conversation, we shift gears to explore the world of Instagram marketing and the astounding success story of a business owner who built a $1.5 million company from scratch. Our guest takes us through her entrepreneurial journey, discussing the ups and downs she faced, her savvy use of social media, and how she managed to triple her income in just one year. She candidly talks about the importance of action over perfection and the crucial role of networking and strategic research in client acquisition. We conclude with an insightful and motivating discussion on the importance of taking baby steps towards our goals, the reality of failure, and the significance of resilience. So, join us for this inspiring episode as we uncover the journey to success.

About Monica Balderas:
Monica Balderas is the founder and CEO of DFW Longhorn Contractors, a real estate developing and building company. Her company specializes in new construction and full rehab of single family homes, multi-family homes, and commercial properties.

Monica's mission is to inspire more women of color to pursue entrepreneurship and build wealth. She also wants to build an online community to provide resources and support to other women of color looking to start businesses.

Monica's Social Media:
 IG:
LatinaMillionaires  
dfw_longhorncontractors

Support the show

Sign Up for the MoneyChisme & Raíces Newsletter

Resources:

Start Investing with M1Finance or Fidelity
Finance Books to Start Your Journey

Open a High Yields Account
Support/Apoya MoneyChisme

Disclaimer:
I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Please consult a licensed professional before making any financial decisions. I shall not be held liable for any losses you may incur for information provided in this video. Please be careful! This video is for general information purposes only and is not financial advice.

*Affiliate links: I may earn a small commission when you click on the links at no additional cost to you. This helps me provide you with free content, like this podcast! You can read my full disclaimer here: MoneyChisme Affiliate Links and Paid Advertisers Disclosure.

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Learn how to shift your entrepreneur mindset to a CEO mindset, specifically tailored for small business owners! Joseph Octaviani shares his tips and strategies on how to shift from an entrepreneur mindset to a CEO mindset in our latest podcast episode. Learn how to grow your small business by adopting a more strategic and growth-oriented approach.

Joseph Octaviani, the founder of the first Latino-owned herbal company, Life the Plant Way, shares his story and his experience that has helped him build a 7-figure company. If you're building a business or even thinking of being an entrepreneur, this episode is a must!

Joseph shares how he switched his mindset from "hustler" to CEO. He also goes into the importance of ensuring you set up your business as a legacy. 

He also tells us how important it is to delegate tasks and the strategic hiring of those whose strength is your weaknesses. Joseph also covers how Artificial Intelligence is the key to scaling your business and how it levels out the playing field for minorities.

Finally, Joseph shares how important the art of brand creation and a successful brand identity. He discusses how to stand out against your competition.

About the Guest:
Joseph Octaviani is a serial entrepreneur for 7 years, with business success and failures under his belt. Joseph is the founder of the first latino owned herbal company, Life The Plant Way, which has a 7-figure revenue. He also established his online academy, which focuses on herbal and holistic health education!

Where to reach Joseph:
www.Josephoctaviani.com
www.lifetheplantway.com

IG:
@Josephoctaviani, @lifetheplantway 

Support the show

Sign Up for the MoneyChisme & Raíces Newsletter

Resources:

Start Investing with M1Finance or Fidelity
Finance Books to Start Your Journey

Open a High Yields Account
Support/Apoya MoneyChisme

Disclaimer:
I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Please consult a licensed professional before making any financial decisions. I shall not be held liable for any losses you may incur for information provided in this video. Please be careful! This video is for general information purposes only and is not financial advice.

*Affiliate links: I may earn a small commission when you click on the links at no additional cost to you. This helps me provide you with free content, like this podcast! You can read my full disclaimer here: MoneyChisme Affiliate Links and Paid Advertisers Disclosure.

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Ever feel like you’re teetering on the edge when it comes to managing your 9-to-5 job while nurturing your entrepreneurial dreams? You're not alone! As a first-generation Mexican immigrant, I've faced the same struggle and have come out on the other side with a wealth of knowledge on this balancing act. 

Tune in as I take you through my journey, revealing the strategies I've used to successfully juggle my full-time job and business dreams. From time management tips using powerful tools like Notion and Excel, to my insights on the Pomodoro Method that has revolutionized how I work and take breaks, this episode promises to hand you the keys to a balanced work-life combo.

I also cover how you can leverage your day job to develop skills beneficial to your business. I'll help you understand the importance of valuing your time and investing in the right tools to streamline your workflow. And what about those days when you need a little extra push? I'll share how having a coach or joining a supportive group can guide you towards success. Get ready to discover how to turn your 9-to-5 into a launching pad for your entrepreneurial aspirations. Welcome to the Money Chisme podcast – let’s build wealth and chase dreams together!

Support the show

Sign Up for the MoneyChisme & Raíces Newsletter

Resources:

Start Investing with M1Finance or Fidelity
Finance Books to Start Your Journey

Open a High Yields Account
Support/Apoya MoneyChisme

Disclaimer:
I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Please consult a licensed professional before making any financial decisions. I shall not be held liable for any losses you may incur for information provided in this video. Please be careful! This video is for general information purposes only and is not financial advice.

*Affiliate links: I may earn a small commission when you click on the links at no additional cost to you. This helps me provide you with free content, like this podcast! You can read my full disclaimer here: MoneyChisme Affiliate Links and Paid Advertisers Disclosure.