The Power of Financial Literacy, Education, and Independence with Brian L. Thomas In this episode, Dr. Joaquin Wallace is joined by Brian L. Thomas to lead the discussion on the future of our youth and the importance of financial literacy and education, focusing on Stage 4 of the Seven Stage Generational Wealth Model, "Financial Edification."

Brian is a financial literacy speaker, author, and mentor. Brian wants students to understand all the possible ways to make money and emphasizes personal growth as the means for financial growth, which puts students in the proper mindset for career growth and financial independence. He is a Ramsey Certified Financial Coach, a Certified Life Coach, and a SCORE Business Mentor and volunteer. Brian emphasizes the need for financial literacy and education, especially for high school and college students. Brian shares his personal journey to becoming an advocate for financial literacy, highlighting the importance of starting early and gradually building financial knowledge. The conversation also addresses the lack of parent involvement in financial literacy programs and the essential concepts that should be taught to young adolescents. Strategies for teaching money management, impulse buying, and the value of money are explored, along with the role of parents in teaching financial literacy at home and resources available to schools and educators. To learn more about Brian and his work, visit: https://brianlthomas.com Connect with Brian on social media: LinkedIn: https://www.linkedin.com/in/1brianlthomas Instagram: https://www.instagram.com/1brianlthomas Email: brian@brianlthomas.com To learn more about Dr. Joaquin Wallace and the Generational Wealth Model, visit: https://www.drjwallace.com Follow us on social media at: Instagram: https://www.instagram.com/dr.joaquinwallace X/Twitter: https://twitter.com/_Joaquinmedia YouTube: https://youtube.com/@thenewwealthwavepodcast LinkedIn: https://www.linkedin.com/in/dr-joaquin-wallace-91819514

The New Wealth Wave Podcast is hosted by Dr. Joaquin Wallace and edited and produced by Rei Haycraft.

In this episode, we sit down with Saundra Davis to discuss the first, second, and third stages of the generational wealth model. They dive into topics like the internal and external environment, financial DNA, financial healing, and the significance of financial knowledge. Saundra opens up about her own financial journey and the obstacles she faced in getting financially secure. Financial literacy is a necessary component of creating generational wealth, but it is not the most essential. The ability to act on financial knowledge is equally important. Financial influencers play a valuable role in raising awareness about financial topics, but they should be accountable for providing accurate and comprehensive information. Practical ways to educate younger generations about financial literacy and wealth building include starting early, teaching the difference between needs and wants, and involving children in financial decision-making. Early financial education and modeling are crucial for children to develop healthy money habits. Cultural and societal factors shape attitudes towards money and wealth accumulation. Financial professionals should approach their work with cultural humility and curiosity. Empathy and compassion are essential in the financial space, both for oneself and for clients. Practical steps for building wealth include self-reflection, defining personal wealth, and seeking appropriate support. To learn more about Saundra and her work, visit: https://sagefinancialsolutions.org/ Follow him on social media at: Instagram: https://www.instagram.com/sage.money Facebook: https://www.facebook.com/people/Sage-Financial-Solutions/100064003667058 X/Twitter: https://twitter.com/sagemoney YouTube: https://www.youtube.com/ @sagemoneytalks To learn more about Dr. Joaquin Wallace and the Generational Wealth Model, visit: https://www.drjwallace.com Follow us on social media at: Instagram: https://www.instagram.com/dr.joaquinwallace X/Twitter: https://twitter.com/_Joaquinmedia YouTube: https://youtube.com/@thenewwealthwavepodcast LinkedIn: https://www.linkedin.com/in/dr-joaquin-wallace-91819514

Today we have Rahkim Sabree with us to discuss the seven-stage generational wealth model. Rahkim is a financial coach, Accredited Financial Counselor (AFC®), and consultant focused on financial and personal empowerment in marginalized communities.

Together, we explore the past, present, and future stages of the model, focusing on financial trauma, healing, and edification. Rakim shares his personal journey and aha moment that led him to become a financial therapist as well as his potential strategies and solutions for addressing and healing financial trauma within the African-American community.

We examine the impact of historical economic disparities on present-day financial trauma and anxiety in the African-American community as well as the importance of exposure, education, and execution in achieving financial success.

Rahkim also shares his thoughts on the challenges of authenticity and conformity in the pursuit of success and the influence of social media on shaping unrealistic expectations about wealth generation.

Key takeaways from this episode:

- Historical economic disparities contribute to present-day financial trauma and anxiety in the African-American community.

- Social media can shape unrealistic expectations about wealth generation, leading to financial challenges and misinformation.

- Addressing and healing financial trauma requires a combination of exposure, education, and execution.

- Mentorship plays a crucial role in overcoming psychological barriers and embracing an abundant mindset.

- Authenticity can be challenging in a society that often values conformity, but it is essential for personal growth and success.

- Generational Wealth Begins With Generational Knowledge™.

To learn more about Rahkim and his work, visit:https://www.rahkimsabree.com/

Follow him on social media at:Instagram: https://www.instagram.com/rahkimsabree Facebook: https://www.facebook.com/RahkimSabree/ X/Twitter: https://twitter.com/rahkimsabreeYouTube: https://www.youtube.com/channel/UCI_ZIf3l2YEznCNlkjZONfg?

To learn more about Dr. Joaquin Wallace and the Generational Wealth Model, visit: https://www.drjwallace.com

Follow us on social media at:Instagram: https://www.instagram.com/dr.joaquinwallaceX/Twitter: https://twitter.com/_JoaquinmediaYouTube: https://youtube.com/@thenewwealthwavepodcastLinkedIn: https://www.linkedin.com/in/dr-joaquin-wallace-91819514