budget

Episode 283: How to Help Close the Financial Gap For Latinos with Beatriz Acevedo, CEO & Co-Founder of SUMA Wealth

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Is it more money, more problems or less money, more problems? This week we interview another podcast alumni, Beatriz Acevedo. Her latest startup SUMA Wealth was founded with the vision of closing the Latinx wealth gap by providing financial education via in-culture content, fintech tools, and digital experiences, all in a highly engaging wealth-building digital platform. We discuss the top tips for saving right now, financial resources provided by the startup and so much more. 

BTW … You can check out our previous episode with Beatriz by clicking here. We cover how she got her start in media, her multicultural family and our favorite topic: #MOMGUILT.

More about Beatriz: Beatriz Acevedo is one of the leading inspirational voices and Latina entrepreneurs in the United States. She has dedicated her career to empowering and opening doors for the next generation of Latino leaders.

Beatriz started her career in media at a young age, first on radio and later on television. Her work earned her three Emmys, one MTV Music Award, and a Media Correspondent Award, among others. She later became a tech media entrepreneur as the Co-Founder and President of mitú, the leading digital media brand for young Latinos in the U.S. Under her leadership, she went on to raise $50M in funding, led by some of the most successful venture capital groups in California. The mentorship initiatives that she created through her Accelerator Program, have also provided invaluable access to the next generation of multicultural storytellers, with an emphasis on female leadership. Beatriz's expertise has been to create content at the intersection of media, technology, and social impact.

Beatriz is a passionate and sought after speaker who enjoys discussions around diversity as good business, female leadership, and the economic impact of Latinos in America. Additionally, she sits on numerous boards and advisory committees.

Beatriz recently co-founded and co-chairs LA Collab, a Hollywood initiative aimed at doubling Latino representation in Hollywood, both in front and behind the camera by 2030. Her latest startup SUMA Wealth was founded with the vision of closing the Latinx wealth gap by providing financial education via in-culture content, fintech tools, and digital experiences, all in a highly engaging wealth-building digital platform.

Beatriz resides in Santa Monica, CA with her husband, an entertainment veteran and mitú co-founder Doug Greiff. Both are proud parents to bicultural and bilingual teenage twins, Isabela and Diego.

Top Financial Tips from Beatriz

  1. You have to have an emergency savings / fund - whatever works for you and whatever you feel comfortable with.

  2. Budget - watch your money come in & out. You really need to know what you have and what you can spend. There’s a budgeting app coming to the SUMA Wealth toolkit, but in the mean time Beatriz recommends checking out free apps like Mint which also work really well! You can also check out these budgeting articles on SUMA Wealth’s website:

  3. Use community resources, like SUMA’s Dinero Toolkit with tools to help you decide if you should buy or rent a home, grow your savings and improve your credit.

LINKS

Follow Beatriz on Instagram: @beatrizacevedogreiff

Follow @wearesuma and @somossuma on Instagram and check out all the financial resources they offer on SumaWealth.com.

Episode 179: How to talk about Money with your Partner & Finances 101 with Natalie Torres-Haddad MPA, AWA

 
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This week on the show we have TEDx speaker, award-winning author, financial literacy & mental heath advocate, Natalie Torres-Haddad  MPA, AWA. We talk all about personal finances- from how to have a conversation about money with your partner, what to ask in that conversation, best way to budget, what “runaway spending” really means for you, eliminating debt, real estate and fun tips and tricks to cut unnecessary spending.

Before the interview, Bricia and Paulina talk about planning Eddie’s FIRST birthday party. it’s the first time Bricia will have other kids over (besides the cousins) and the only time of the year Eddie will be able to eat candy! We can’t wait for the pics, amiright?

Today’s episode is filled with lots of tips and tricks so be sure to write things down!

Our Conversation with Natalie Torres- Haddad

What does an MPA, AWA specialize in?

Where did this passionate for financial literacy come from?

How do I start the conversation about money with my partner?

How do I save money with my partner?

What do you advice couples to do with combining a savings account?

Having something for yourself before relying on someone else

Mount Saint Mary’s University - The Report on the Status of Women & Girl in CA

“Runaway Spending” , The Cafe Latte Factor & The Trickle Down Affect

Natalie’s 30-day challenge

How do you keep track of everything?

Switching from paperless to paper bills

Creating a space for yourself when paying your bills

Reason why you should get your kids involved at an early age

How do I get out of debt?

How do you expect me to save, when I’m living paycheck to paycheck?

When is the best time to shift from saving to investing?

What is the best first real estate purchase?

Natalia’s“Yes You Can Without SuperMan” book announcement


To get in contact with Natalie visit her website, Financially Savvy Latina and follow her on IG @FinanciallySavvyLatina. Be sure to comment your favorite part of your episode on our IG post about today’s episode for your chance to win a ticket to the Financially Fit Makeover Workshop on Feb 2nd. Didn’t get lucky? Visit their website for 50% off the ticket, courtesy of Natalie!

Pick or Tip of the Week

If there is one word to manifest in 2019, Natalia suggest that it should be “FRUGAL.” Making that choice can make a world of a difference for you and your family. Remember, you can still be fun, fabulous AND frugal.

If you haven’t checked out The All New Suze Orman’s Women & Money Podcast, Paulina has been LOVING it. It’s a no bs, straight to the point financial podcast for women. Gain your financial independence now!

Bricia shares her experience with almost declaring bankruptcy and helps us rethink what our our financial options are and the benefits of being financially free.

Links/ Events

4th Annual Financial Literacy and Economic Justice Conference at UC Berkeley on February 10th

Mindfulness: The art of designing your life and a prosperous year, March 3, 2019- Use offer code: Super Mamas for $100 off the ticket price

David Bach Finance Books

Mint.com

Playing with Fire: the documentary