The Rich Immigrant

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Do you ever feel like everyone else is ahead of you financially - buying homes, maxing out investments, living debt free, going on trips - all while you are still figuring it out? You are not alone and you are not too late! 

In this episode, I break downL 

- What drives money shame

- How we can reframe being behinf

- Examples of people who started late but still built wealth

- Practical steps to move forward

Whether you are in your 20s, 30s, 40s, or beyond, this conversation will remind you that your financial joyney is unique, and that is isn't a race. Most importantly, it will remind you that it is about progress and not about pace or position relative to others, 

Thank you for the gift of your time and attention. Thank you for listening to this episode of the Rich Immigrant podcast, please give the podcast a 5 star review on Apple Podcasts, subscribe, and share this episode with someone in your world that needs  to hear these conversations.  Please join our community online at www.therichimmigrant.com or on  Instagram at 'Therichimmigrant.'

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I've been wanting to talk with Berry for a while and I'm so glad this conversation finally happened. As you'll see, this conversation was grounded, and full of gems and realness! In this episode of the Podcast, We talk about:

• When Berry had her financial aha moment
• How her finances changed since becoming a single mom
• The type of support she has relied on during her journey
• Some of the sacrifices she's made, including moving back home, giving up some vacations while focusing on her finances
• How she paid off her debt while not being on a high income
• What she's teaching Coco about money, delayed gratification, and gratitude
• Myths and assumptions people make about single moms
• How she got comfortable talking about money with her family
• How she became a Clever Girl Finance mentor to other women
• What financial security means to her
• How we can better support single moms/parents in our communities
• The most financially empowering move she has made as a single mom

Berry Dakara is a 40+ Nigerian American single mom of a vivacious daughter, whom she affectionately calls Coco. She's lived in the US for almost 30 years and resides in the Metro Atlanta area. In her day job, Berry is a budding HR professional for a major retailer in the US Outside of work, Berry is a lifestyle blogger on her blog, www.berrydakara.com. She also hosted and hopes to return to the Mummy Oyoyo podcast, which was created to share authentic stories and experiences around various aspects of motherhood. Berry is known for being open, and sharing often hilarious relatable stories plucked from her life. 

Thank you for the gift of your time and attention. Thank you for listening to this episode of the Rich Immigrant podcast, please give the podcast a 5 star review on Apple Podcasts, subscribe, and share this episode with someone in your world that needs  to hear these conversations.  Please join our community online at www.therichimmigrant.com or on  Instagram at 'Therichimmigrant.'

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This episode of the podcast is not what I'd initially planned, but I get this feeling that it is what we need. In this episode:

I invite you to join me on this challenge this month to honour your word to yourself. Too often, we normalize casually breaking promises to ourselves ever so casually. IVer time, we start to believe that our own word doesnt mean much. 

Self-trust is built one promise at a time. When you honor your word to yourself, something subtle but powerful shifts. 

Join me in this challenge this month. Decide what word you'll honour all month and then let's do it together. One day at a time! Brick by brick! 

And if you mess up? Don't quit! Try again the very next day! I'm rooting for you in all ways, always!

Thank you for the gift of your time and attention. Thank you for listening to this episode of the Rich Immigrant podcast, please give the podcast a 5 star review on Apple Podcasts, subscribe, and share this episode with someone in your world that needs  to hear these conversations.  Please join our community online at www.therichimmigrant.com or on  Instagram at 'Therichimmigrant.'

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This episode is a little different, and honestly, its delicious! In this episode, we are talking about how budgeting is actually a lot like making jollof rice. 

If you've ever mare jollof rice you already know that it isnt just food. It is culture, it is pride. I break down

• Ingredients of your jollof (and budget)
  • You can just throw things in the pot and hope for the best, you'll get a concoction. Same with budgeting
  • We talk about the key ingredients of your budget
• Cooking - the actual budgeting and the steps involved
  • The preparation
  • Simmering - no rushing
  • Tasting and tweaking to perfection
  • developing your own unique formula

I had fun with this episode, but I also hope it brings to life how budgeting should be done, when done well. 

Thank you for the gift of your time and attention. Thank you for listening to this episode of the Rich Immigrant podcast, please give the podcast a 5 star review on Apple Podcasts, subscribe, and share this episode with someone in your world that needs  to hear these conversations.  Please join our community online at www.therichimmigrant.com or on  Instagram at 'Therichimmigrant.'

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What does it look like to be redefining success on your own terms and to be way ahead financially while in your twenties? Meet Tobi Derin. In this episode, I sit down with Tobi Derin, an immigrant who moved to Canada at age 16, pivoted from Engineering to Tech, bought her first investment property at 25, and quit her 6-figure tech job to take a year-long career break/sabbatical at 27! 

Tune in to hear

• How she became financially aware relatively early
• How she started saving and investing while in University
• How she realized that owning real estate was a possibility for her as an immigrant and the importance of seeing what is possible
• Why she bought the kind of property she ended up with and in the location she chose
• Realizing something needed to change and facing that truth especially as a high achieving high performer
• Quitting her 6-figure tech job and how she is funding her year-long break
• How the sabbatical/career break is going
• What she has learned from the journey so far
• A message for anyone wondering if this is even remotely a possibility for them

Its time to rethink what success really means. Hit play, and join the conversation. 

Tobi is a content creator, real estate investor, and tech professional currently on a career break. After moving to Canada for university and earning a degree in Aerospace Engineering, she began sharing online, creating resources to help other immigrants navigate life in a new country and build financial stability. Over the past five years, her content has helped thousands of immigrants thrive in Canada.

Tobi transitioned from engineering into tech where she went on to work as a Product Manager. Along the way, she continued sharing her journey to help others break into tech, access high-paying opportunities and grow in their career. 

At 27, she made the bold decision to step away from her six-figure role to take a career break and redesign life on her own terms. Today, she creates content at the intersection of career, money, and real estate, with a long-standing mission to help people, especially immigrants, make smart money moves and build lives they truly desire.

She creates  content to help people thrive in their careers, become financially literate, and build wealth through real estate. She recently launched 1:1 sessions

Follow Tobi on Instagram at Tobi.Derin or on her YouTube Channel @Tobi.Derin

Thank you for the gift of your time and attention. Thank you for listening to this episode of the Rich Immigrant podcast, please give the podcast a 5 star review on Apple Podcasts, subscribe, and share this episode with someone in your world that needs  to hear these conversations.  Please join our community online at www.therichimmigrant.com or on  Instagram at 'Therichimmigrant.'

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The podcast is back for its 12th season and in this episode, we are easing into summer with a few updates and check-in. In this episode. I talk about

• Life lately - high, a low, and a lesson so far this year
• Money update - wins, where I'm lagging behind, and current struggles
• I answer a listener question about paying for financial coaches and investing classes etc
• I also share one thing I'm loving, which is a recent episode on the Aspire with Emma Grede podcast where she had a conversation with Jeff Fisher! Check it out
• Preview what is to come on the podcast this season

Happy 5th birthday to the podcast! It's been 5 years ya'll! Thank you for riding!

Thank you for the gift of your time and attention. Thank you for listening to this episode of the Rich Immigrant podcast, please give the podcast a 5 star review on Apple Podcasts, subscribe, and share this episode with someone in your world that needs  to hear these conversations.  Please join our community online at www.therichimmigrant.com or on  Instagram at 'Therichimmigrant.'

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In the personal finance world, they say getting to the first $100k invested is the hardest part of any investing journey. In this episode of the podcast, I talk about:

1. Why it is the hardest part of any investing journey
2. My Journey to $100k and how long it actually took and the hiccups I had on the journey
3. How much shorter it took to get from $100k to $200k
4. What can be done to accelerate the journey
5. Normalizing the fact that things take time
6. A reminder to 'let things cook.'

Thank you for the gift of your time and attention. Thank you for listening to this episode of the Rich Immigrant podcast, please give the podcast a 5 star review on Apple Podcasts, subscribe, and share this episode with someone in your world that needs  to hear these conversations.  Please join our community online at www.therichimmigrant.com or on  Instagram at 'Therichimmigrant.'

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In this epidoe of the podcast, I tackle a money dilemma for a parent with a certain amount of money to invest for her  12 year old son. Should she keep it in savings, invest it? 

What would I do? I share my thoughts and I share why! What would you do with the money? 

Check out the latest episode of the podcast and don't forget to share your money dilemmas here for a chance to be featured on the podcast.

Thank you for the gift of your time and attention. Thank you for listening to this episode of the Rich Immigrant podcast, please give the podcast a 5 star review on Apple Podcasts, subscribe, and share this episode with someone in your world that needs  to hear these conversations.  Please join our community online at www.therichimmigrant.com or on  Instagram at 'Therichimmigrant.'

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I promised a follow up episode to describe the process of automating your finances as automation is central to a good paycheck routine. 

Automation takes away the guesswork out of managing your finances. That means no fees, and no mistaken balling out, and you get to pay yourself first via saving and investing. In this episode, I share the key steps to automating your finances including:

1. Mapping out on paper where your money will go
2. Mapping out how much will go into each bucket every month
3. Set up the first level with your employer
4. Then set up the rest of the savings and investing automation by linking your accounts and setting up the automated payments
5. Set up automating your fixed payments
6. Do You Have to automate everything? I'd say about 80% automated and 20% manual. 

Thank you for the gift of your time and attention. Thank you for listening to this episode of the Rich Immigrant podcast, please give the podcast a 5 star review on Apple Podcasts, subscribe, and share this episode with someone in your world that needs  to hear these conversations.  Please join our community online at www.therichimmigrant.com or on  Instagram at 'Therichimmigrant.'

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I'm so glad Togor responded to my request for people willing to share about getting on the same page financially before getting married. While there are many horror stories of financial incompatility, this story shows what can happen when two people do the work and show up openly and authentically. 

In this episode, we talk about:

• When she  and her now husband had their very first money conversation
• How that conversation set the tone for their relationship
• Red flags when a potential mate refuses to talk about money consistently
• How their financial conversations have evolved over time - reading books, not making money the elephant in the room, education, having a systen in place, reviewing together
• How they got on the same page financially and the importanve of honesty
• The importanve of being open to renegotiating terms initially agreed to
• How they set a budget for their Lake Como wedding
• How they established boundaried leading up to the wedding
• 3 key principles they established that continue to serve them today one year into their marriage

While Togor wants to live a quiet rich  life, I'm thankful that she decided to share her journey with us. As promised, here's the link to a snippet of their special day on Lake Como. 

Thank you for the gift of your time and attention. Thank you for listening to this episode of the Rich Immigrant podcast, please give the podcast a 5 star review on Apple Podcasts, subscribe, and share this episode with someone in your world that needs  to hear these conversations.  Please join our community online at www.therichimmigrant.com or on  Instagram at 'Therichimmigrant.'