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Speaker 1: Iver Sean McDonald I host this weekly Money Making Conversation

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Speaker 1: Masterclass show. The interviews and information that this show provides

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Speaker 1: off for everyone. It's time to stop reading other people's

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Speaker 1: success stories and start living your own. If you want

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Speaker 1: to be a guest on my show, please visit our website,

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Speaker 1: Moneymakingconversations dot com and click to be a guest. But

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Speaker 1: feel out your information. If you're a small business owner,

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Speaker 1: you got a product, you're an entrepreneur, and you want

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Speaker 1: to tell your story on my show, let the world

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Speaker 1: get out to the drone public a nationwide, a worldwide.

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Speaker 1: You can do it on Money Making Conversations. Now, let's

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Speaker 1: get this show rolling. My guest continues to drive impactful

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Speaker 1: change through her platform, Pocketbook Strategist dot com, where she

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Speaker 1: offers financial literacy, program resources, tools, strategic insights for those

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Speaker 1: seeking to take control of their financial future. Her business

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Speaker 1: consulting company educates and educational resources and services for small

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Speaker 1: business owners and inspiring aspiring entrepreneur. Just like I told you,

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Speaker 1: please welcome the Money Making Conversations Masterclass. Lakiita Hawkins. Lakita Hawkins,

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Speaker 1: how you do Lakita.

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Speaker 2: I'm doing well?

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Speaker 3: Vershan how are you?

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Speaker 1: Thank you, thank you, thank you for coming on my show.

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Speaker 1: I know you you're in North Carolina.

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Speaker 3: Correct, that is correct?

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Speaker 1: Now raise born and raised. Now what keeps you in

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Speaker 1: North Carolina?

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Speaker 2: Know?

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Speaker 1: I know your business is there. But basically your business

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Speaker 1: allowed business allows you to speak to everybody worldwide international.

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Speaker 1: Tell us about your business structure.

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Speaker 3: No, my business structure is regarding financial literacy, helping out

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Speaker 3: those that lack financial literacy, and then offering resources to

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Speaker 3: small business, small business owners and entrepreneurs.

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Speaker 1: Now I read here say your mission is to provide

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Speaker 1: access to low costs and no cost educational and pocket

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Speaker 1: resources for aspiring entrepreneurs like I said earlier and small

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Speaker 1: business owners. When you say that, what exactly is the

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Speaker 1: pocket Book Strategists? Which is your website pocketbookstrategist dot com.

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Speaker 3: So the Pocketbook Strategists came from a mix of Southern

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Speaker 3: culture and real life experience. I was always told that

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Speaker 3: I had a lot of pocketbooks and I talked about

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Speaker 3: money a lot a lot.

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Speaker 1: Of pocketbooks of Miss Hawkins. What do you mean a

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Speaker 1: lot of pocketbooks?

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Speaker 3: Whether you mean a lot of persons? A lot of them,

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Speaker 3: big ones.

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Speaker 1: Small ones, you know, backpack type size, a little little

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Speaker 1: corn purses, all type.

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Speaker 2: All types are shigned, all types, big.

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Speaker 3: Ones, small ones, corn purses, backpacks, all of them, all

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Speaker 3: of them. So growing up, you know, we didn't talk

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Speaker 3: about financial literacy a lot, but everything we needed seemed

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Speaker 3: to come out of that one sacred place, the pocketbooks

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Speaker 3: the person. So I basically wanted to reclaim that image

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Speaker 3: and use it as a tool for transformation, step into

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Speaker 3: this word because I saw how financial instability impacted families.

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Speaker 2: Not included, and I knew that once you.

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Speaker 3: Teach someone how to manage their money, then you give

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Speaker 3: them the power to change their life. So that's kind

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Speaker 3: of where the pockebook strategist was born.

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Speaker 1: Well, you know, people have heard my story many times

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Speaker 1: on this show about where I've come from, and and

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Speaker 1: you know it wasn't a classic lifestyle that you would

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Speaker 1: seem a popular story. I've come from the inner city.

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Speaker 1: You know my father I told many times, and I say,

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Speaker 1: I honestly tell people he was just a truck driver,

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Speaker 1: you know, a truck driver that he did his job,

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Speaker 1: He went to work, work over time, He had flaws,

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Speaker 1: but he provided for us and put food on the table. Now,

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Speaker 1: when you said the word instability and you talk about

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Speaker 1: financial literacy. And now I will tell you that word

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Speaker 1: financial literacy, which is a modern word now, but the

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Speaker 1: word finances were never discuss that our house, especially with

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Speaker 1: the children talk to us about your household.

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Speaker 3: It was never discussed in my household either. It was

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Speaker 3: more like a I would say, a taboo if you will, like,

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Speaker 3: it was never discussed. I just assumed that money grew

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Speaker 3: on trees from my mom, as most people think. So,

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Speaker 3: you know, I just assume that that's how it was.

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Speaker 3: I got whatever it is that I wanted. But I

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Speaker 3: was the only child for my mom, so I was

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Speaker 3: more spoiled and just assumed that that's how life went.

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Speaker 3: Grew up and got older, once to college, moved to

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Speaker 3: a different city, and soon realized, oh, this is not

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Speaker 3: how this works. I actually have to work for my

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Speaker 3: money and I actually have to pay bills. So yeah,

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Speaker 3: I feel the same for my household as well.

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Speaker 1: Well, you know, because you know, growing up, if you

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Speaker 1: were a child, a teenager and you was in the

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Speaker 1: room with grown folks, you could get popped in the mouth.

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Speaker 1: I'm just being real. Back then, back in the day,

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Speaker 1: they first of all, they stare at you and asked

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Speaker 1: for you in this room with grown folks, and so

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Speaker 1: that stare alone moved you out the room quickly. Now,

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Speaker 1: if you for some reason lost your mind and didn't

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Speaker 1: know the stair and growing folks move closer to you

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Speaker 1: to the remind you you need to get out the room.

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Speaker 1: And that level of I guess to's say discipline. I

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Speaker 1: felt hurt us because we were never engaged in decision making.

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Speaker 1: Oh listen how decisions were being made. And that's I

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Speaker 1: think it's a crippling calls to a lot of our

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Speaker 1: inability to be entrepreneurs, our inability to understand financial wealth,

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Speaker 1: our inability to communicate with our parents or adults, because

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Speaker 1: we tend to be more respectful than and get the

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Speaker 1: information from them than to be able to, you know,

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Speaker 1: speak when spoken to am I saying anything different from

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Speaker 1: the lifestyle that you grow up in, Miss Hawkins.

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Speaker 3: No, I definitely agree with that. Rashaan as well. I

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Speaker 3: think that more families have to incorporate their children in

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Speaker 3: these conversations, you know, even as little kids. You know,

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Speaker 3: you can start by incorporating you know, financial leadercy with

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Speaker 3: counting as they're growing up, and then including them in

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Speaker 3: those conversations with paying bills and things like that, so

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Speaker 3: they are aware. So yes, I experienced that as well,

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Speaker 3: and I'm pretty sure others are currently experiencing it.

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Speaker 1: Right now, I'm talking to Lakita Lakita as l e

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Speaker 1: k E t A. Hawkins. She's based out of Charlotte,

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Speaker 1: North Carolina. Her website platform their Pocketbook Strategies dot com.

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Speaker 1: What she offers financial literacy, program resources, tools and strategic

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Speaker 1: insights for those seeking to take control of their financial future.

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Speaker 1: With that being said, Ms Hawkins, what are some of

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Speaker 1: the most common financial mistakes you see people making and

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Speaker 1: how can they start correcting them today?

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Speaker 3: Absolutely wish. I just want to go back for one second.

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Speaker 3: I actually reside in the Riley area, not in Charlotte's

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Speaker 3: North Carolina. Still Carolina Carolina.

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Speaker 1: Okay, we will just keep saying North Carolina. I won't

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Speaker 1: say no mostly. Okay, yes, that's right.

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Speaker 3: Yeah, So I think I heard your question correctly. So

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Speaker 3: one of the biggest pitfalls that I see is basically

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Speaker 3: emotional spending, you know, trying to heal or celebrate with

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Speaker 3: purchases that don't serve any of our long term goals.

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Speaker 3: Another is not budgeting at all because it feels restricted

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Speaker 3: and so my advice for them today is to start

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Speaker 3: with awareness, tracking their money for just one week and

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Speaker 3: see where it's going, and then ask themselves is just

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Speaker 3: spending serving me? And then ship from autopila to being intentional.

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Speaker 1: Now let's talk back to the emotional spending. I've never

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Speaker 1: heard that, and I'm gonna tell you, when I get

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Speaker 1: bored or I get tired, I tend to spend money

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Speaker 1: that I shouldn't spend. And that's always and I noticed

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Speaker 1: that about me, and I go with Sean, stop stop

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Speaker 1: you being stupid, okay, because you just there's no rational reason.

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Speaker 1: I there are things that I have in my closet.

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Speaker 1: I look at it and go when you're going to

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Speaker 1: wear that? And why did you buy it? So let's

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Speaker 1: go back to the emotional spending because I think people

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Speaker 1: need to have some warning signs about that, because it

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Speaker 1: is important to know when you have a trigger like

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Speaker 1: that and when you slow down. And I love the

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Speaker 1: fact that you pitch the idea of tracking your expenses

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Speaker 1: for the week. I never heard that. That's a very

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Speaker 1: smart move, miss Hawkins.

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Speaker 3: So emotional spending, it kind of comes back goes back

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Speaker 3: to what we were talking about earlier. Our upbringing, our childhood,

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Speaker 3: and it brings in the psychology of.

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Speaker 2: Money, so we kind of go off of what.

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Speaker 3: We experienced as a kid. That kind of develops our

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Speaker 3: habits of how we spend as adults and or what

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Speaker 3: we're currently experiencing. So if we're going through.

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Speaker 2: A bad day, we had a bad day.

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Speaker 3: At work, or we want to assume that emotion by

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Speaker 3: going to go spend. So those are some triggers that actually,

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Speaker 3: you know, we're trying to heal or have to stop

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Speaker 3: us from doing, I guess because we tend to do

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Speaker 3: that from childhood to adulthood. And so just tracking your

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Speaker 3: money during that week or a couple of days, you

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Speaker 3: can kind of see where your ebbs and blows are.

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Speaker 3: You can see, Okay, I wasn't having a good day

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Speaker 3: and I spent all this money on Amazon and aware

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Speaker 3: of that, and I.

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Speaker 1: Think online is really dangerous. First of all, I knw

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Speaker 1: rooms were dangerous. But one can find it much more

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Speaker 1: easier to spend money because you don't have to get

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Speaker 1: in your car or go to a store, because you

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Speaker 1: can just sit around there and press press the button,

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Speaker 1: brows and things like that, So you are much more

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Speaker 1: in a position to spend money that you were talking

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Speaker 1: about emotionally or why are you fatigued or in boredom?

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Speaker 1: And that's important that you understand that correct.

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Speaker 3: Yes, being self aware. You know you have goals and

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Speaker 3: trying to make sure you b reach those. So just

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Speaker 3: being self aware and.

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Speaker 2: Being aware of the spending that you're doing.

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Speaker 3: In order to correct something, you have to be aware

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Speaker 3: and the knowledge that that it is actually happening.

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Speaker 1: Wow, that's great. We're talking to miss Lakita Hawkins, pocketbook

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Speaker 1: Strategist dot com. Don't go nowhere. She's offering us tips

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Speaker 1: on financial literacy, program resources, tools and strategic insights. You

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Speaker 1: listen to Money Making Conversation Masterclass.

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Speaker 4: Please don't go anywhere. We'll be right back with more

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Speaker 4: money Making Conversations Masterclass. Welcome back to the Money Making

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Speaker 4: Conversations Masterclass hosted by Rashaan McDonald. Money Making Conversations Masterclass

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Speaker 4: continues online at Moneymakingconversations dot com and follow Money Making

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Speaker 4: Conversations Masterclass on Facebook, Twitter, and Instagram.

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Speaker 1: So let's get back to show money Making Conversations. Because

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Speaker 1: I have doctor Hawkins. She's known as the pocket Strategists

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Speaker 1: as pocket Strategist dot com it's her website platform. And

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Speaker 1: you've been sharing us a lot of stories, doctor Hawkins.

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Speaker 1: But it's another website that you have, and I didn't

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Speaker 1: want to see it because, you know, I didn't want

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Speaker 1: to mess it up. Because I'm from the South. I

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Speaker 1: have a country voice. I try to talk as clear

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Speaker 1: as possible. If I hear certain words, I just avoid,

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Speaker 1: so I can say, pocket strategists dot com, what is

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Speaker 1: your other website there.

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Speaker 3: Doctor Hawkins's Houcky dot com.

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Speaker 1: See spell it? Please spell that to my listeners.

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Speaker 3: So it's h A W C L E I G H.

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Speaker 1: Now tell us about that doc that website.

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Speaker 3: So that website just talks about what you were saying before,

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Speaker 3: with all of the resources, the financial literacy resources and

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Speaker 3: that classes and courses and things like that on that

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Speaker 3: particular website. And pocketbook Strategists has products on that webcast.

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Speaker 1: Okay, cool, So pocketbook Strategists, I would send them to product.

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Speaker 1: If they want to get the financial information, the courses,

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Speaker 1: the strateg the insights, they go to that website. And

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Speaker 1: what's that website? Down again, because I'm not going to say,

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Speaker 1: because I'm gonna mess it up.

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Speaker 3: It's just hockey. So if it's said like h A

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Speaker 3: w k l e E when it's felt Hackley, like Raleigh,

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Speaker 3: where I'm currently located. So A h A w c

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Speaker 3: l E I g H.

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Speaker 1: I know, but tod, I try to leave it in

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Speaker 1: the in, the in the founders and the speakers like this.

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Speaker 1: You speak your truth. See that's your truth, and I

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Speaker 1: stay in my lane. I tell everybody you are the

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Speaker 1: financial expert, are you my subject matter expert? I am

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Speaker 1: only the storyteller and this story I stay in my lane.

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Speaker 1: And one of my questions I want to ask you

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Speaker 1: right now is about because we talked about budgeting, and

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Speaker 1: we talked about a lot of great things on this

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Speaker 1: interview so far. We talked about which I love the

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Speaker 1: old concept of tracking your expenses for a week. I

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Speaker 1: love that idea of emotional spending. Never heard that that

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Speaker 1: is a that is something then I know I've fallen

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Speaker 1: victim too, And especially with online being available, we really

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Speaker 1: have to look at our budget and I want to

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Speaker 1: go to that conversation to budget strategies. Talk about that

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Speaker 1: and also youth financial literacy. We kind of talked about

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Speaker 1: it earlier when as far as adult time they treated

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Speaker 1: young people back then, but we in today's time, and

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Speaker 1: youth are being allowed to understand and appreciate and train

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Speaker 1: in financial literacy. So two questions budgeting strategies and then

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Speaker 1: slide right over to youth financial strategies.

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Speaker 3: Yes, regarding budget strategies, I use one that is the

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Speaker 3: fifty thirty twenty. Some people call it twenty thirty, fifty

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Speaker 3: ten ten, twenty thirty, but basically it's fifty percent of

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Speaker 3: your needs, thirty percent of your wants, and twenty percent

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Speaker 3: goes to saving their dad. For some people use it

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Speaker 3: for tithes as well, And so every paycheck that you

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Speaker 3: get you actually break it down into these percentages. I

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Speaker 3: don't care if grandmother gives you one hundred dollars, you

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Speaker 3: didn't take that one hundred dollars, and he's going to

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Speaker 3: break it down. Fifty dollars is going to go to

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Speaker 3: your needs, thirty to your wants, and then twenty to

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Speaker 3: savings their debt. So it gives you structure and flexibility.

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Speaker 3: And for those people who feel overwhelmed, you know, always

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Speaker 3: say name your money before you spend it. If you

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Speaker 3: don't give your dollars a job, they'll just wander off

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Speaker 3: without telling you where they went. Right, So just having

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Speaker 3: a place for your money and telling your money where

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Speaker 3: to go. And I think your next question, I think

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Speaker 3: you said, is regarding you financial literacy.

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Speaker 1: Right right. We talked about how I was treated. There

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Speaker 1: was a whole generation of people who are listening to

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Speaker 1: this phone call. Know that when grown people were discussing

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Speaker 1: what they filled with grown folks information, it wasn't shared

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Speaker 1: with the youth. But in the world of financial training

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Speaker 1: now we are more inclined. I know I am with

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Speaker 1: my daughter. I was very upfront my wife, and I

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Speaker 1: was very upfront of trying to get her to understand

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Speaker 1: stock and what to do with her money and engage

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Speaker 1: her even now as an adult, to try to educate her.

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Speaker 1: But as in the youth, how does that change? And

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Speaker 1: what can a person who's listening to this show that

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Speaker 1: has children or teenagers can do an assistanm there their

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Speaker 1: growth in financial literacy.

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Speaker 3: So I believe in basically planning, planning the seeds early

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Speaker 3: in the youth, when they're younger. I think young people need.

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Speaker 2: To know that money is.

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Speaker 3: A tool, is not a goal. Right, we start with

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Speaker 3: the with the basics. You know you earn more than

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Speaker 3: you spend. You know you don't just earn more, just

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Speaker 3: suspend it. We save something from every dollar that we get.

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Speaker 3: We just talked about those savings rules, understanding the power

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Speaker 3: of compound interest, knowing that we can actually make make

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Speaker 3: money off of our money. And then, uh, just never

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Speaker 3: being afraid to ask questions about money. I think, being

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Speaker 3: able to allow your kids to ask you questions. And

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Speaker 3: then if you don't know, invest in your own self,

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Speaker 3: investing in your own financial education so you can learn

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Speaker 3: and teach your kids. And I think when kids understand

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Speaker 3: how money works, they're less likely to be manipulated or

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Speaker 3: taken advantage of later.

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Speaker 1: Right now, you know, I would show I have a

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Speaker 1: lot of listeners who are female and women. I work

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Speaker 1: with six sisters, so I understand the value of a

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Speaker 1: woman's voice. That they said that in the home when

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Speaker 1: the leading purchaser or decision maker is the woman when

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Speaker 1: it comes to purchases at home. Now, empowering women financially,

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Speaker 1: that's a question you submitted to me. What do you

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Speaker 1: mean when you say empowering women financially, doctor Hawkins?

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Speaker 3: So I believe, as a you know, a successful woman

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Speaker 3: and finance myself, the message for women we feel financially

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Speaker 3: overwhelmed or sometimes dis empowered. So you know, just telling

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Speaker 3: the women out there that they're not alone, you're not behind.

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Speaker 3: I think many women carry the emotional and financial load

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Speaker 3: that you talked about and for others without ever being

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Speaker 3: poured into themselves. As we mentioned, so, I think we

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Speaker 3: deserve financial clarity the piece the joy, and it starts

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Speaker 3: with just one step. And you know, we learn one

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Speaker 3: new thing this week, just like we're tracking our budgets

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Speaker 3: this week, learning new one thing this week, and then

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Speaker 3: knowing that every decision you make towards financial wellness is

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Speaker 3: a form of self love. So basically investing in your

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Speaker 3: own financial education, learning financial literacy for yourself, well.

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Speaker 1: That's important, doctor Harkins. As we are near the close

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Speaker 1: of the show, like I said, you have two websites.

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Speaker 1: Once a website is about product and the other website

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Speaker 1: is about the lessons or insights the courses. You a

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Speaker 1: little bit more breakdown of what their website brings to

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Speaker 1: the table, so my listeners can know and also out

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Speaker 1: of curiosity may visit their website to gain more information.

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Speaker 1: Floor is yours?

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Speaker 3: Absolutely so the PowerBook Strategies dot com, it's a guided experience,

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Speaker 3: is basically designed to help individuals smash through their limited

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Speaker 3: beliefs and map out of strategy to help them safe.

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Speaker 3: That's where that product comes in. At at Hawkley dot

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Speaker 3: Com is building a resource hub of tools and templates

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Speaker 3: and training because I believe everyone deserves access to real transformation.

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Speaker 3: I'm not here just teaching numbers. I'm changing narratives. So

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Speaker 3: that's mainly the difference between the two. I want everyone,

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Speaker 3: no matter their background, to have access to tools that

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Speaker 3: change their money story. I believe your pocketbook or your

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Speaker 3: pocket is personal and your power starts with what's inside

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Speaker 3: of it.

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Speaker 1: You know, as we close out, this is my final

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Speaker 1: question to you, what's what's one financial lesson that you

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Speaker 1: have personally that you have and that came into your life,

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Speaker 1: it personally transformed your life, and how can you share

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Speaker 1: that with others or can you share with us on

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Speaker 1: this show.

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Speaker 3: Money doesn't change who you are, it amplifies who you are.

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Speaker 3: I think some people think if I make too much money,

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Speaker 3: it's going to change me. Or this person made this

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Speaker 3: amount of money and it changed them. So if you're generous,

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Speaker 3: it gives you more room to grow. If you're scared

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Speaker 3: and would expose that, so just healing your relationship with

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Speaker 3: money is deeply personal work. I teach him experience because

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Speaker 3: I lived on both sides, struggling and thriving, and I

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Speaker 3: want others to know the transformation is possible. And if

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Speaker 3: I can just one other thing, because I feel like

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Speaker 3: it's not just one. Everyone needs to know the difference

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Speaker 3: between assets and liabilities. Assets puts money into your pocket

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Speaker 3: and liabilities takes money out. So once we have that

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Speaker 3: concept down, then all the other things will begin to

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Speaker 3: make better sense.

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Speaker 1: I think, you know, I agree with them. I have to.

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Speaker 1: You know, I've been fortunate to been on both sides

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Speaker 1: of the track, and you know, people always say, you know,

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Speaker 1: as you gain money, you cannot live the way you

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Speaker 1: live when you didn't have money. In other words, you know,

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Speaker 1: if you was buying McDonald's, which is nothing wrong with

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Speaker 1: buying McDonald's, you might want to buy a steak. Because

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Speaker 1: you're making more money, you start treating yourself, you start moving.

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Speaker 1: I won't live in this neighborhood. I want to live

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Speaker 1: in this neighborhood, so you're always going to uplift there.

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Speaker 1: You always hear these rare stories by people who got

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Speaker 1: all this money, but they still living like they don't

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Speaker 1: have money. You hear these stories now that ain't ra

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Speaker 1: Sean McDonald. Okay, not that I spend what I get,

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Speaker 1: but I do spend, Okay. But in anyway, your valuable

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Speaker 1: information you've given us, Doctor Harker's to my listeners again,

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Speaker 1: I want to invite you back on my show middle

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Speaker 1: of the summer. You know, values change, and I want

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Speaker 1: to bring people on because the information you gave today

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Speaker 1: I think was filled with common sense and I think

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Speaker 1: that's a lot of things. That's something people don't understand

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Speaker 1: about money. If common sense stays at the top of

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Speaker 1: your list, you keep a lot of your money for

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Speaker 1: a lot lower. Thank you for coming on my show,

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Speaker 1: doctor Harkins. I appreciate you and we'll talk soon.

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Speaker 2: Okay, thank you, have a good one. Mite.

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Speaker 1: This has been another edition of Money Making Conversation Masterclass

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Speaker 1: hosted by me Rashaun McDonald.

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Speaker 5: Thank you to our guests on the show today.

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Speaker 1: And thank you our listening to audience.

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Speaker 5: Now if you want to listen to any episode I

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Speaker 5: want to be a guest on the show, Visit Moneymakingconversations

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Speaker 5: dot com. Our social media handle is money Making Conversation.

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Speaker 5: Join US next week and remember to always leave with

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Speaker 5: your gifts.

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Speaker 1: Keep winning,