wealth

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

Bea SUMA Headshot.jpeg

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.