Latina Financial Education, Investing & Wealth Building: MoneyChisme

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Let's talk about the SPOOKY side of real estate investing. From buying haunted houses like the 'Mortuary Inn',  to devious tenants, real estate investing can get scary!

I share how purchasing haunted houses is a unique industry.  For example, I visited one of these creepy properties, the Old Haunted Jail  in Charleston, and how some investors look for the haunted properties. Bad buy or great investment?

What about the curse of unforeseen repairs and issues? Many new investors, who jump right in, may deal with this curse!

But the most terrifying and dreaded obstacle of rental properties, is the devious tenants. This is one of the biggest hesitations that people have that prevents them from getting into real estate investing. Yet, in my experiences, these tenants are all part of the game. I share how to reduce that risk and how to plan for them.  

 Despite these scary stories, remember that real estate investing remains a great way to create multiple income streams and generational wealth. Do you have the courage to get into it?

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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 about Fannie Mae's 5% down loan program for buying multifamily homes and the requirements you need to meet to qualify. Find out how this program can help you invest in real estate.

Game-changing news!  Fannie Mae has slashed the down payment requirement for multifamily properties to just 5%! Ready to make your real estate investing dreams a reality? This episode is your crash course of the ins and outs of this new change! Who's eligible and how can you use it to gain financial freedom and build generational wealth.

I also go into the advantages of buying a multifamily as your first home. I use my first duplex as an example on how you can use this loan to either lower your housing costs or start investing in real estate. 

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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There is a Real Estate class action lawsuit that can change the world of buying and selling real estate.  The Sitzer/Burnett Lawsuit and Moehrl v NAR lawsuit, are challenging the seller-paid commission practice.

How will this impact the already challenging real estate market? Even more important, will this create another obstacle for the Latino/x community who are trying to buy their first homes?

Join me in this week's chisme of what this lawsuit can do to the potential future of the real estate industry and the negative impact it could have to the Latino community.

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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Imposter syndrome is messing up your money! Ever feel like an imposter in your own life? Like you're constantly falling short of the expectations you set for yourself? Well these thoughts can impact your wallet!

This week, we unravel these debilitating feelings of self-doubt in our conversation with Monica Rivera. Monica, a business clarity and marketing coach, speaker and a self-proclaimed 'reform self-doubter',exposes how imposter syndrome can impact career/money negotiations, our decision-making, and even how we run our businesses.

 We uncover the five types of imposter syndrome - the perfectionist, the superwoman, the natural genius, the soloist, and the expert. Monica shares her own strategies for identifying, managing, and kicking these imposter syndrome's asses!

So tune in as Monica,  shares her personal journey of transitioning from a first-gen background to becoming a successful entrepreneur, and overcoming imposter syndrome along the way.
 
About the Guest:
www.youwannadowhat.com
IG: @youwannadowhat

Monica Rivera (she/her) is a business clarity coach, marketing expert, paid speaker, and reformed self-doubter passionate about building empowering communities.

Drawing from her own challenging experiences, she founded YOU WANNA DO WHAT?!, a coaching and consultancy dedicated to helping women build a personal brand and business around their passions.

Monica has spoken at TEDx and numerous national events for over a decade. Her thought-provoking TEDx Talk, "The Flipside of Loneliness," captivates audiences with its unique perspective. Monica has been featured in notable publications including Business Insider, O Magazine, NPR, Ladies Get Paid, The Huffington Post, and more.

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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Scammers are going to scam. Wherever there is an opportunity, scammers will be there to steal money. In real estate, it is no different!

This episode I go over the different scams in real estate and how the Latino community is vulnerable to them. Scams like phantom listings prey on our community by, exploiting their limited knowledge and access to guidance in real estate investing.

I also talk about the tactics fraudsters use, from accessing public records to offering below market value listings, and offer tips on how to protect yourself and how to identify potential red flags.

This episode is a must-listen for anyone looking to make savvy and safe real estate investments. Tune in now!

Cici the Realtor
https://www.tiktok.com/t/ZT82CBv8Y/

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 found yourself in the relentless pursuit of success, only to realize it's not all it's cracked up to be? Our guest today, Steph Wharton, a leadership and visibility coach, knows that story all too well. Steph shares her compelling journey from burnout to balance, including her family's immigration from Argentina to Canada, and the lessons she's gleaned along the way. Her perspective challenges the conventional wisdom of success, urging us to reclaim our lives rather than striving ceaselessly up the success ladder.

But, it’s not just about redefining success, it's also about visibility. Steph shares the principles of her signature visibility framework, demonstrating how leveraging visibility opportunities can yield a greater return on investment. She sheds light on how positive visibility outcomes aren't tied to constant social media promotion, and how collaborations and speaking engagements can build relationships, clients, and a sense of belonging. Think of this as your guide to maximizing visibility without getting lost in the digital noise.

Lastly, we tackle a topic that’s often tiptoed around - money. Taking a deep dive into diversifying goals beyond wealth accumulation, we explore how to manage money for the experiences we truly desire. Steph shares her experiences and insights on erasing the stigma around savings and the fear of failure if financial freedom isn't achieved. As we wrap, we discuss Steph's upcoming mastermind launch and the importance of balancing success with truly enjoying life. So join us in this enriching conversation on leadership, visibility, and a more sustainable approach to success.

About the Guest:
IG: https://www.instagram.com/stephwharton_/
Whole Damn Vibe Mastermind + Retreat: https://stephwharton.com/mastermind

Steph is a Latina Leadership + Visibility Coach, who thrives on breaking the rules and prioritizing the “whole damn vibe” life and business. She specializes in helping underrepresented folks build confidence and make their impact wildly visible without being constantly glued to their phones.

When Steph isn't busy coaching clients, you can find her with a big glass of red wine, watching Spanish shows on Netflix, and dancing bachata. Let’s be honest, she's day-dreaming of one day living in a Spanish villa with her wifey!

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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Want to raise money-smart kids and set them up for financial success? Well, teaching them financial literacy from a young age is how! 

Financial literacy is not often taught in the Latino/x community. Latinos are already behind with the wage and wealth gap. I want to change that! We need to start taking steps to prepare future generations.  

So in this solo episode, I go over tips of how to you can start teaching your children about money, how to manage their finances and how to grow their money. I also share the steps that I have taken to teach my family financial literacy and my future plans to build on it. 

I also cover why it is important to start teaching children at a young age about how to handle their personal finances. This sets them up for financial success in the future and helps reduce the risk of them making huge financial mistakes that can set them back. 

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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Want to know the secrets to success? Lenin Espinoza is a Mortgage Broker, and shares his secret sauce that has launched him into financial stability and success after hitting rock bottom. He covers how taking ownership of his mistakes, changing his mindset, and gaining confidence in himself is leading him to success.

Lenin is passionate in finding lending options no matter your status or financial situation. He shares some loan options and the red flags to look for when looking for Loan Officers.
 
About the Guest:
Lenin Espinoza is a mortgage broker and author of The Secret Sauce to Success: A Step-By-Step Recipe for Becoming a Successful Mortgage Broker, that  covers his philosophy "on building relationships, recognizing opportunities, acquiring the right tools and mixing those ingredients in just the right way to create an inspired creation."

Lenin joined the United States Navy.  After his tour of duty, he returned home to his wife and worked in the family business while pursuing a college degree (thanks to the GI Bill).

A few years later, the Great Recession hit us. It was a difficult time for everybody, and
many of Lenin’s clients lost their homes.  The experience so frustrated Lenin that in 2011 he decided to take the real estate broker exam.  In 2014, he also sought his license as a mortgage broker. Lenin continues to work in the industry and hopes to become a lender in the near future.

Contact the Guest:
Cell: (323) 272-7320 
Email Us: [email protected] 

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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Why is it important to start investing? Well banks are investing YOUR hard earned money while giving you less than 1% in return! It is a total ripoff when you can start investing and get those returns yourself.

 In this episode Chen-Chen and Konstantine, from Nexus, share how banks invest the money in your savings while giving you less than 1% in return. They share tips on how to get started in investing and how they are revolutionizing the way you bank and invest by combining them together.

About the Guest:
www.nexushq.com

Konstantin:

Konstantin Weitz is the CEO of Nexus, which is revolutionizing banking, by offering its customers the instant access to cash that they are used to; combined with the market returns that they deserve. Konstantin is also a Registered Investment Adviser Representative, and the Chief Compliance Officer, at Nexus. Konstantin formerly worked at Google, and received his PhD in Computer Science from the University of Washington.

Chen-Chen:

Chen-Chen Huo is a co-founder at Nexus, a mission driven banking fintech that looks to make it delightfully easy for people to grow wealth and earn returns on 100% of their money. He is a San Francisco native, Cal grad, and started his career in tech consulting. He is a 2x Y Combinator founder and also a proud owner of a cocktail bar. He's a lifelong Boglehead and firmly believes in the wealth building power of diversified investing.

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 talk about getting over the hesitation of charging your worth when running a business. Due to financial anxiety, we feel guilty charging higher prices.

This week's guest, Maria Delgado,  wants to change that and empower other Latinas to stop the underpricing cycle! Maria, known as the Lawtina, shares her journey of overcoming the guilt that is associated with charging higher prices. She also shares how she changed her view of money and now aims to empower Latinas to charge their value and have thriving businesses.

About the guest:
IG: lawtiamaria
www.abogadadelgado.com
E.L.I.S.A Foundation
Maria Delgado is a self-made Lawtina millionaire, and a Latina Business and Sales Coach. In 2020, she made the courageous decision to leave her toxic associate position and launch her own immigration practice. In less than 3 years,  she was able to generate over 7 figures, even when people warned her that she would not make a profit in the first five years. 
Maria uses her knowledge and skills to help other Latinas achieve the same level of success and financial freedom in their law firm. She became a Coach for Lawtinas because she believes they deserve to enjoy the fruits of their labor and sacrifice, and because our communities deserve it.

Lawtinas make less than 2% of the legal profession, and less than 2% of female-owned businesses earn 7 figures. Maria is on a mission to change those figures. Through her foundation (ELISA Foundation), which awards scholarships to Latinas who want to pursue law, and through her coaching program she hopes to help other Lawtinas make 7 figures in their law practice!

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.