Join us

Episode 111: Financial Confidence: Money Mistakes That Are Costing You

Hear the Podcast on your favorite platform while reading its highlights

FEATURING

Luzy King

Luzy King is an award-winning Latina Wealth Coach. She became a first-gen investor after learning about investing and wealth building by accident through her MBA program in 2019. During the same year, Luzy was denied access to financial advice because she didn’t have $100K to start investing, and she made a commitment to learn things on her own and become the first one in her family to start investing. Now, she is passionate about teaching women of color all of the strategies she wishes someone would have taught her in school. Luzy is a certified trauma-informed Financial & Business Coach, contributing author, and Community Leader. Luzy is on a mission to destigmatize the idea of wanting more money, more money, and more options. She is ready to teach women of color how to build a legacy through stock market investing and entrepreneurship.

Introduction


Welcome back to the podcast! As we gear up to open enrollment for the Say Hola Wealth Academy on May 1st at 2:00 PM PST, I’m thrilled to kick off a brand new series on Financial Confidence. Let me fill you in if you’re new here or need a refresher on what the Academy offers. The Say Hola Wealth Academy is a community tailored for first-generation Latina professionals aiming to build financial security, whether it’s saving their first $10K, paying off $10K of debt, or a combination of both. Our pillars include fostering a healthy money mindset, boosting financial literacy, elevating your income, and fostering a supportive community. Let’s dive into today’s episode: “Money Mistakes That Are Costing You.”

The Cost of Unclear Vision

Mistake #1: You don’t have a clear vision of where you want to go. Many of us hesitate to pursue our dreams due to fear of change. It’s understandable; change can be daunting. But we hinder our progress when we continuously put off taking action, citing discomfort, or relying solely on fate. When I embarked on my Financial Freedom journey in 2019, I set a clear goal: to become the first millionaire in my family. It wasn’t just about paying off debt; it was about financial stability and realizing my dreams. As we enter a new quarter, gaining the clarity needed to pursue your goals is crucial.

Identifying Income Issues

Mistake #2: You are not 100% sure if you have an income or an earning problem. Often, individuals attribute financial struggles to overspending when the root cause lies in insufficient income. Recognizing this opens the door to addressing the issue and leveraging existing skills to increase earnings. In the Say Hola Wealth Academy, we provide a step-by-step process to negotiate higher pay from day one.

The Pitfall of Quick Fixes

Mistake #3: You are looking for quick solutions, and investing in yourself is not a priority. Living in survival mode, solely focusing on immediate financial obligations, perpetuates the debt cycle. Financial literacy isn’t typically taught in schools, leaving many feeling lost. Quick fixes aren’t sustainable. Prioritize investing in your mindset and skill set to build lasting wealth. Personally, I’ve invested over $70K in coaching, leading to increased financial confidence and a portfolio generating passive income.

Conclusion


Remember, Rome wasn’t built in a day. Shifting your mindset and priorities is key to achieving financial confidence. Don’t let the fear of change or the allure of quick fixes hold you back. Reflect on the true cost of inaction and take steps to empower yourself financially. Join us for our FREE webinar: “How to Build Financial Confidence in 30 Days,” happening on May 1st at 1:00 PM PST. And if you can’t make it live, don’t worry; you’ll have access to the replay for 48 hours, along with an exclusive bonus to join the academy. Thank you for tuning in, and let’s build wealth together. ¡Juntas podemos lograrlo!

Share on Social
Facebook
Twitter
LinkedIn
Pinterest

Related Notes

Episode 114: Client Success Story: How Christal Increased Her Self-Worth & Her Wealth.

Listen now

Episode 113: How To Boost Your Financial Confidence

Listen now

Episode 111: Financial Confidence: Money Mistakes That Are Costing You

Listen now

Join us as we break barriers and redefine financial success!

CEO and Founder

What sets Luzy Apart

She is an exceptional, sought-after speaker whose passion for financial empowerment resonates powerfully with her audience. Her presentations left a lasting impact on the community, with attendees describing it as engaging, empowering, and providing clear actionable steps.

 

What sets Luzy apart is her ability to demystify complex financial concepts, making them easy to understand and incredibly engaging. Attendees have expressed gratitude for her tailored content that addresses their unique identities, creating a relatable and inclusive learning environment.

Join us as we break barriers and redefine financial success!

Love the Say Hola Wealth Podcast?

Here’s how you can contribute to our mission to help Latinas and BIPOC Reclaim equitable financial prosperity

Leave a review on Apple Podcast.

Share this episode with your amiga!

Contribute with our work.

Follow us on Social Media

Join the Newsletter

Cash Libre

Weekly money tips and resources to help you save, pay off debt, and invest without sacrificing joy!

Templates, Trackers, Plans, Resources +Investing & Mortgage calculators and more!

Until next Time

Let’s Build Wealth Juntxs,

Luzy King