The Rich Immigrant

Send us Fan Mail

In honor of April being Financial Literacy Month, I wanted to share some of the best episodes of the podcast over the last (almost) 3 years. Let's break it down into 4 categories of podcast episodes that are helping immigrant build their financial literacy but also live fully at home and abroad:

Most Popular Episodes (Listener Faves)
1.  Building Adult Friendships - Episode 59 with Kemi Onabanjo Joseph
2. What's Your Money Mindset - Season 1 Ep 1
3. 20 Years An Immigrant - The Highs & Lows - Episode 58
4. How Sayo Became Work Optional At 33 (Episode 53) and
5. How Dumebi Pivoted Into Tech & Doubled Her Base Salary (Episode 49)

Underrated Episodes
1. Are Your BFFs Your Money Tribe- Season 2 Ep. 5
2. Important Conversations To Have With Your Parents Now (Episode 69)
3. Should You Lend Money To Family? (Season 2 Ep. 4)
4. How To Invest For Kids Without Going Broke (Ep. 55)
5. How Black Tax Affects Immigrants & What We Can Do (Ep 73)

Debt Payoff Episodes
1. How Korma & Jonny Paid Off $75k in Under 2 Years (Season 2 Episode 2 & 3)
2. How Ayooluwa Paid OF $45k in One Year Using DoorDash (Episode 67)
3. How To Make a Debt Payoff Plan That Works (Season 1 Episode 9)

My Personal Favourites
1. Immigrants At Work - How To Show Up For Yourself (Season 1 Episode 8)
2. Viv's Journey From Medical School to Entrepreneurship (Ep 36)
3. Lessons From My Money Mistakes (Season 2 Episode 6)
4. How To Financially Prepare For A Move Abroad (Season 2 Episode 9)
5. The Pressure To Be The Perfect Immigrant (Episode 32)
6. Suzanne's Real Estate Investing Journey ((Ep 25 & 26)

Whether you've been listening since the beginning or you just found the podcast, there's something for your specific situation in these episodes. I hope you'll check out the recap and be re-inspired or inspired afresh!

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.'

Send us Fan Mail

Everyone tells you that you need to save and invest for retirement, but what does that mean in concrete numbers? How much do you need to save/invest over time to be on track to retire without being a 'burden' to the next generation? In this episode, I talk about:

1. 2 different ways to calculate how much you need to save/invest for retirement
2. Method 1 is replacing a percentage of your income at retirement. See this retirement calculator
3. Method 2 is working towards a specific investment goal based on your calculation of (Annual retirement income/4%).  Calculate how long it will take to get to your investment goal using this Bankrate calculator

In this episode, I also talk about what to do if you're ahead of schedule, and I share options for those that may feel behind. While the easiest way to stay on track for retirement is to start early, it is possible to start saving for retirement at 40 and still retire with a decent nest egg.

I hope this helps you wherever you are on your journey. I'm rooting for you.

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.'

Send us Fan Mail

When my friend suggested that I talk about this on the podcast, I said, why not? In this episode of the podcast, I talk about the state of my finances during the following phases of my life

• My early 20s - super broke
• In my mid 20s - got a full-time job, started to pay off debt, Felt behind, and isolated financially
• In my late 20s - debt free, budget traveler, saw the impact of not having a will
• In my early thirties - moved to another country, took a pay cut
• My mid-30s - thinking about legacy, starting this platform, buying a home (finally and so much more)
• My hopes for the next season 

In this episode, I'm honest about things that have changed and things that have remained the same. What a difference time makes and what a journey. I hope listening encourages you and also inspires you to look back on your own journey! 

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.'

Send us Fan Mail

Procrastinating can be expensive and I certainly experienced that last year. In this episode, I'm sharing 5 ways that my procrastination ended up costing me money in 2022.

1. Last-minute eye exam and glasses order
2. Last-minute flight bookings
3. Signing up for city-subsidized parking at work
4. Corporate credit card expenses
5. Canceling services timely

As you can see, all of these were avoidable, yet here we are. I'm human and I'll still make money mistakes from time to time. Now that it's out in the world, I want to normalize talking about money mistakes here and there without change.

Do you tend to procrastinate as well? While it may seem like one small thing here and there, remember that it only takes a small leak to sink a ship. So lets plug those leaks one money habit at a time!

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.'

Send us Fan Mail

Welcome back to the podcast! There's been so much going on so I had to address this head-on, and in doing so, break things down. There's been a lot of sensational headlines, and even misinformation so I decided to share a bit for informational and educational purposes. This is NOT financial advice. In this episode, I talk about:

1. Silicon Valley Bank's background
2. How Bank's make money
3. What went wrong for SVB (Silicon Valley Bank)
4. How SVB's collapse affect depositors, shareholders, and other investors
5. Whether the government is bailing out SVB or not
6. Whether I'll be moving my savings or spreading them across many banks
7. Signature Bank and Credit Suisse in the news lately

If you've enjoyed this episode, please share it with someone that's looking to understand what in the world happened! See you next week!

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.'

Send us Fan Mail

If you know an immigrant, there's there's a good chance you know someone that pay Black Tax every month. Is Black tax a blessing or a burden? Let's talk! In honor of Black History Month,  let's talk Black Tax and Immigrant/BIPOC community.

• The origins of Black Tax
• Black Tax in my family growing up and how it was the norm
• When does gratitude turn into guilt and an inability to say no even at our own expense?
• Why we don't talk about Black Tax
• How Black Tax affects our ability to build wealth
• How much to support family and friends?
• 4 Guidelines to abide by when supporting family and friends
• A Message for those always waiting for the 'well-off' family member to always bear the brunt of responsibilities

The goal is that we are the generation that lifts the burden of Black Tax, not adding to it. Black Tax (in my opinion) can be a blessing AND a burden. However, we need to get in the habit on putting our own life vests on FIRST, and saying No.

Happy Black History Month!

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.'

Send us Fan Mail

I've been wanting to share this for a while now and I'm glad to finally be sharing this. Purchasing your home is a big deal, purchasing your first home as a single person and without family is a bigger deal. In this episode, I talk about 5 lessons I learned from purchasing my first home. 

1. 20% Downpayment may not work for everyone
2. Understand the eligibility rules of any home buyer programs you look into
3. You get what you negotiate. Negotiate everything!
4. I love my home but I still don't like owing a couple hundred thousand dollars
5. Everything they tell you about saving for closing costs is true
6. (Bonus) Don't rush it, you'll know when you're ready

Are you looking to buy a home soon or did you purchase a home recently? what lessons do you agree or disagree with? What lesson most resonates with you?

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.'

Send us Fan Mail

Happy new yearrrr. As you'll hear in the energy in this episode, I'm excited to be back with Season 7 of the podcast. In this episode, I talk about 7 things we need to do differently with our finances this year. 

1. Addressing the convenience of online shopping because online shopping has proven to be a budget killer
2. Being intentional about where you put your money based on your goals.
3. Budgeting and sticking to it
4. Diversifying your income stream
5. Earning some interest on your savings because why not?
6. Budgeting for inflation
7. Not wait on student loan forgiveness (I know, I know but hear me out)

What else are you doing differently with your finances this year? Id love to hear what you're getting up to!

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.'

Send us Fan Mail

In this bonus episode, join me as I sit down as I reflect on 2022. and share an exciting announcement. In this episode, I 

1. Thank You the listener for being along for the ride
2. Share about how this year has been equal parts wonderful and heavy! Many high highs and low lows
3. Share about how I'm winding down the year and spending the holidays
4. Share about my finances for 2022 overall
5. Share about the wealth building clinic and financial vision board session that Shida and I are hosting on Saturday, January 7th, 2023. This session is for you if you are:

• Ready you take action
• Willing to contribute to the community and hold each other accountable
• Not looking for a get rich quick scheme
• Ready to do this in community

If this sounds like you, buy your ticket here and we cant' wait to do this with you and hold you accountable all year long. This is an ABSOLUTE steal for the value!

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.'

Send us Fan Mail

In time for the holiday season, this episode discusses a timely reminder for important conversations to have with your parents as you gather around the table or even a facetime call. 

In this episode, I discuss

1. Having picture conversations about what retirement will look like
2. Estate planning discussions
3. Questions to ask your parents about where they plan to live in retirement
4. Understanding their financial situation
5. Understanding the emotional support your parents need
6. Understanding your parents' wishes, 
7. Clarifying responsibilities and expectations
8. Personal examples from my life

Money & aging are topics people try to avoid but they are so necessary! I hope you'll check out 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.'