WEBVTT - Self Made with Nely Galan 0:00:01.960 --> 0:00:04.520 Welcome, Welcome, guys. What's help was pop? And is your 0:00:04.519 --> 0:00:08.520 girl amadat La And you're listening to exactly Amada A 0:00:08.560 --> 0:00:10.799 production of iHeart I once again want to thank you 0:00:10.840 --> 0:00:13.000 guys so much for tuning in, for always being there, 0:00:13.039 --> 0:00:15.560 for hitting me up on Instagram all my social media 0:00:15.600 --> 0:00:17.720 platforms to be like yo, I love the show. I 0:00:17.720 --> 0:00:21.120 love what you're doing. I really really enjoy getting all 0:00:21.160 --> 0:00:23.840 this great feedback because everything I do, I do it 0:00:23.880 --> 0:00:26.520 for y'all. By the way, as usual, I always remind 0:00:26.520 --> 0:00:28.840 you don't forget to give us those five stars. Today 0:00:28.880 --> 0:00:36.800 I've had met and today's guest, Hia or Not more 0:00:36.920 --> 0:00:39.600 energy than I do, and I love it. I can 0:00:39.640 --> 0:00:42.080 already tell personalities. I'm about to ask for her sign 0:00:42.120 --> 0:00:44.479 and everything. I had the opportunity of talking to her 0:00:44.520 --> 0:00:48.320 a little bit before officially introducing her to the podcast, 0:00:48.600 --> 0:00:51.839 and I just loved it. So women ding ding ding 0:00:51.920 --> 0:00:56.200 ding Ding. Today we're talking about being self made, self made. Okay, 0:00:56.240 --> 0:01:00.000 all those empowered strong women out there, this is your show. Today. 0:01:00.240 --> 0:01:06.800 We're talking to Nelli Galan, a financial success and women empowerment. 0:01:06.400 --> 0:01:15.200 Queen Gango because you know we both t Ko Latino Market. 0:01:15.240 --> 0:01:17.400 You know, I used to be president of Telemundo. I 0:01:17.480 --> 0:01:19.560 was a station manager, and I worked my way up 0:01:19.959 --> 0:01:23.000 and I became the first Latina president of Telemundo. And 0:01:23.040 --> 0:01:26.679 then I realized all these women were calling me and saying, 0:01:26.959 --> 0:01:28.720 how did you do that? Did you go to Harvard? 0:01:28.760 --> 0:01:31.280 I go no. I started from the bottom, like an assistant, 0:01:31.360 --> 0:01:35.520 like an intern, And and I had really luckily, I 0:01:35.560 --> 0:01:38.360 had really learned a lot about money. I lived beneath 0:01:38.400 --> 0:01:40.520 my means, I saved my money. I am that I 0:01:40.520 --> 0:01:42.480 taught women don't buy shoes by buildings. 0:01:42.640 --> 0:01:46.880 Obviously, you're a Latina media mogul, right, and and I 0:01:46.920 --> 0:01:49.200 love the fact that you empower other women. You're an 0:01:49.240 --> 0:01:52.880 advocate for being independent. I also think it's so important 0:01:52.920 --> 0:01:55.360 to really have the mindset that we have. In my case, 0:01:55.360 --> 0:01:58.160 and I'm sure yours as well. I came from poverty. 0:01:58.360 --> 0:02:02.840 It took me a long time right to understand the 0:02:02.880 --> 0:02:08.560 importance of being financially educated and understanding the power of 0:02:08.680 --> 0:02:10.680 money and how you can flip it and how you 0:02:10.680 --> 0:02:12.760 can lose it, and how you can build up to it, 0:02:12.800 --> 0:02:15.080 all those great things. But they don't teach us anything 0:02:15.080 --> 0:02:18.000 about finances in school, and a lot of minorities. 0:02:18.120 --> 0:02:20.160 It's like speaking about money is like a dirty thing. 0:02:20.320 --> 0:02:23.120 Briefly, give me a sum up of Like, how was 0:02:23.160 --> 0:02:25.200 it growing up? Do you come from money? 0:02:25.639 --> 0:02:28.440 I'm Cuban. I moved. We moved here when I was five. 0:02:28.560 --> 0:02:31.520 My parents were broke. We lost everything. We came with 0:02:31.560 --> 0:02:34.880 the shirt on our backs and my parents like, I mean, 0:02:34.919 --> 0:02:36.560 I had to I had to make money too for 0:02:36.600 --> 0:02:39.640 the family. And I always tell everybody that I sold Avon. 0:02:39.800 --> 0:02:42.000 Oh my god, the Avon chicks out there, you know, 0:02:42.080 --> 0:02:44.920 they everywhere, Like I got the lotion in the perfume 0:02:44.960 --> 0:02:45.880 with that I love. 0:02:45.960 --> 0:02:46.320 I live. 0:02:46.400 --> 0:02:46.800 Okay. 0:02:47.000 --> 0:02:49.240 I didn't know anything about money. I just knew that 0:02:49.280 --> 0:02:53.360 my parents were broke and I was lucky because I would. 0:02:53.440 --> 0:02:55.480 I worked for a lot of rich people, and I 0:02:55.520 --> 0:02:58.360 asked a lot of questions. I realized, oh am, I 0:02:58.440 --> 0:03:00.600 these people are not doing what my pa are doing. 0:03:00.720 --> 0:03:02.880 Like I thought it was so important to work for 0:03:02.960 --> 0:03:05.960 other people only and get a salary and all that. 0:03:06.000 --> 0:03:07.800 And I realized, if you don't have a side hustle, 0:03:08.040 --> 0:03:10.360 if you don't start thinking like an entrepreneur, if you 0:03:10.360 --> 0:03:12.120 don't start thinking about how to make money, put the 0:03:12.160 --> 0:03:14.520 money away and then invest the money one of my 0:03:14.600 --> 0:03:17.680 bosses said to me, when you grow up, you got 0:03:17.680 --> 0:03:21.040 to like live beneath your meetings and buy property so 0:03:21.080 --> 0:03:23.280 that you make money while you sleep. And I thought, 0:03:23.360 --> 0:03:26.400 it's gino. I don't know what he's talking about. And 0:03:26.440 --> 0:03:28.880 it's like, we don't know that the money you make 0:03:29.400 --> 0:03:31.400 and the money you might save isn't going to take 0:03:31.400 --> 0:03:33.080 you to the rest of your life if we don't 0:03:33.080 --> 0:03:36.280 start that process, even like in the gig economy that 0:03:36.320 --> 0:03:38.320 you sort of like if you drive an uber, like 0:03:38.360 --> 0:03:41.160 so many immigrants now they're coming from Venezuela and all 0:03:41.160 --> 0:03:43.800 these countries. They drive an uber and you put that 0:03:43.880 --> 0:03:46.720 money away and you invest that money on the bus 0:03:46.760 --> 0:03:48.320 and Benthana, You're not gonna have money. 0:03:48.440 --> 0:03:51.320 You're my type of friend. Okay, period. But okay, but 0:03:51.560 --> 0:03:53.480 there's a lot of women, there's a lot of guys 0:03:53.680 --> 0:03:55.600 that are like, yeah, but I don't I don't think 0:03:55.640 --> 0:03:58.520 I can do it. The word debts, the word debt 0:03:58.640 --> 0:04:01.720 has become a fear full word. You have to somewhat 0:04:01.800 --> 0:04:05.240 get yourself in good debt. Can you talk about your 0:04:05.240 --> 0:04:07.920 experience with debt? Were you scared that you were you 0:04:08.000 --> 0:04:10.280 scared to get in debt? Were you scared to start. 0:04:10.560 --> 0:04:12.240 How did you start financially? 0:04:12.600 --> 0:04:14.160 I think that the first thing you got to do 0:04:14.280 --> 0:04:17.760 is be very grounded and wanted. You have to draw it, 0:04:17.880 --> 0:04:21.359 you have to say it. In order to manifest big things. 0:04:21.640 --> 0:04:24.520 You have to declare what you want. And then you 0:04:24.560 --> 0:04:27.160 have to sacrifice a little bit. Come on, people think 0:04:27.200 --> 0:04:29.440 sacrifice is a bad word. It's just like you gotta 0:04:29.560 --> 0:04:33.520 sacrifice a little something for a period of time to 0:04:33.640 --> 0:04:36.400 get on the road to your goals. So medical says, 0:04:36.400 --> 0:04:39.279 you got to save money. And the way you save 0:04:39.400 --> 0:04:41.720 money is by any means necessary. Like I was talking 0:04:41.760 --> 0:04:44.600 to Alex, your producer. Sometimes you can't live in New 0:04:44.680 --> 0:04:48.440 York City, in la in Chicago. Sometimes you have to 0:04:48.480 --> 0:04:51.760 move to other places, emerging cities. He just moved to 0:04:51.800 --> 0:04:56.159 North Carolina. You gotta live beneath your means and save 0:04:56.320 --> 0:05:00.400 money and have two years of your salary saved. 0:05:00.680 --> 0:05:04.039 And that sounds mod gosh, Lord, two years of my 0:05:04.120 --> 0:05:05.120 salary is safe. 0:05:05.279 --> 0:05:07.880 Well, you got to do it. And how you do 0:05:07.960 --> 0:05:10.039 it is because you only need to save for a 0:05:10.040 --> 0:05:12.040 period of time to have that. Once you have that 0:05:12.160 --> 0:05:15.960 nest egg, your life begins because that's the money that's 0:05:16.000 --> 0:05:16.919 going to make you reach. 0:05:16.880 --> 0:05:21.520 When you'll say, wait, two years of your salary saved. 0:05:21.720 --> 0:05:23.479 Do you mean saved or invested? 0:05:23.800 --> 0:05:26.520 No? No, no, I say saved. You can't invest till 0:05:26.560 --> 0:05:28.080 you have two years because you need one year for 0:05:28.120 --> 0:05:31.240 an emergency for you. Now, what you can do with 0:05:31.240 --> 0:05:33.359 that money is put it in like a treasury bill 0:05:33.839 --> 0:05:36.480 or in a savings that's making you money. But you 0:05:36.600 --> 0:05:41.400 got to first accumulate two years for canton say. After that, 0:05:41.640 --> 0:05:44.080 you have many decisions. You can say, I want to 0:05:44.080 --> 0:05:47.040 start a little business. I mean not everybody's an entrepreneur. 0:05:47.080 --> 0:05:49.960 I want to invest in my friend who's a genius 0:05:50.240 --> 0:05:53.520 in their startup. I want to go and buy myself 0:05:53.520 --> 0:05:55.960 a franchise, which I don't know why more women and 0:05:56.040 --> 0:05:58.080 minorities don't buy franchisees. Why do we have to start 0:05:58.120 --> 0:06:00.800 everything from scratch When there's a million franchises and make 0:06:00.800 --> 0:06:03.680 you rich. You can decide what to do, like you're 0:06:03.680 --> 0:06:07.280 building something. You're sacrificing to have a pot of money, 0:06:07.720 --> 0:06:11.280 and then you begin and sometimes in order to do that, 0:06:11.320 --> 0:06:14.240 you got to move first to a cheaper place. If 0:06:14.279 --> 0:06:16.680 you're single, you gotta have more roommates. Maybe you're not 0:06:16.720 --> 0:06:19.520 buying Starbucks every day. You got to sacrifice for a 0:06:19.640 --> 0:06:22.880 short period of time in order to be think like 0:06:22.920 --> 0:06:25.080 a rich person. You have a pot of money now 0:06:25.520 --> 0:06:28.680 to decide what are you going to do next? And 0:06:28.720 --> 0:06:30.440 that doesn't mean that part of the money is sitting 0:06:30.480 --> 0:06:33.200 at home under your mattress. As I said, it could 0:06:33.200 --> 0:06:36.080 be making interest, but you have to save it. 0:06:36.080 --> 0:06:37.920 Way on me, how you already know that I already 0:06:37.920 --> 0:06:41.520 fucked up because I've invested in a couple of properties. 0:06:41.560 --> 0:06:43.800 I have a couple of properties in the Dominican Republic 0:06:44.080 --> 0:06:46.360 I do. I have a lot of Airbnbs and I 0:06:46.360 --> 0:06:49.679 also have tenants and it's worked for me. But right now, 0:06:49.760 --> 0:06:51.919 if you were to tell me, oh, two years meha, 0:06:51.920 --> 0:06:53.920 I mean I'm ana listen. If I said, I mean, what. 0:06:53.880 --> 0:06:55.640 Do you had two years? You don't realize it if 0:06:55.640 --> 0:06:57.719 you put all these down payments down. This is why 0:06:57.760 --> 0:07:01.200 I say you have to have a plan. Me did 0:07:01.240 --> 0:07:03.120 you just make way more money than we did? And 0:07:03.160 --> 0:07:05.560 I go no, But when we were all young, you 0:07:05.680 --> 0:07:07.880 bought a Jaguar and went on a trip to Europe 0:07:07.920 --> 0:07:11.000 that was very expensive, and I bought a building. If 0:07:11.040 --> 0:07:14.080 you have a clear vision for your life, you thay not. 0:07:14.400 --> 0:07:16.440 When I was twenty years old, I went with my 0:07:16.520 --> 0:07:20.440 girlfriends on my twentieth birthday to color me mine and 0:07:20.480 --> 0:07:23.200 I made a plaque and I said to everybody, let's 0:07:23.200 --> 0:07:24.800 do what we think we want our life to be. 0:07:24.920 --> 0:07:27.400 And I did like a little just like a muceramic, 0:07:27.880 --> 0:07:30.600 and then it went in my parents like garage. And 0:07:30.720 --> 0:07:33.520 twenty years later they sent me boxes because they were 0:07:33.560 --> 0:07:36.440 retiring and moving. And I opened the box and I 0:07:36.480 --> 0:07:39.160 look at the thing and my son goes, Mom, you're 0:07:39.240 --> 0:07:42.600 a manifestor because the house that I live in now 0:07:42.960 --> 0:07:45.720 in California I just moved is exactly the house I 0:07:45.800 --> 0:07:49.720 pictured it. Like everything I put, the line entertainment, my company, 0:07:49.920 --> 0:07:54.240 I put all these things that were in my imagination subconsciously. 0:07:54.320 --> 0:07:56.760 Then you sacrifice because you're like, I'm not going to 0:07:56.840 --> 0:07:59.600 do that because I want this bigger thing, and you 0:07:59.640 --> 0:08:00.680 have to things like that. 0:08:08.320 --> 0:08:10.520 We all know about the Lemundo right, there's only like 0:08:10.520 --> 0:08:13.800 two major networks I think for Latino communities like Telemundo. 0:08:14.880 --> 0:08:18.400 How did Telemundo influence you? How did it make you 0:08:18.520 --> 0:08:21.480 grow as a woman as a professional? What did you 0:08:21.560 --> 0:08:23.600 gain and learn from being in Telemundo? 0:08:23.840 --> 0:08:27.960 Well, first of all, I was like the like basically 0:08:28.000 --> 0:08:31.480 these two. I was a reporter for CBS as a 0:08:31.480 --> 0:08:35.160 young girl. I got a job early on and I 0:08:35.200 --> 0:08:38.280 interviewed these two guys that bought the first station, Channel 0:08:38.320 --> 0:08:41.120 forty seven in New York, and they said to me, 0:08:41.120 --> 0:08:42.880 you should come and work for us. And I was like, 0:08:43.240 --> 0:08:45.400 I don't want to be in Spanish TV. I want 0:08:45.400 --> 0:08:47.920 to be at CBS, And he goes, are you stupid? 0:08:48.480 --> 0:08:50.320 Do you not know the Latino market is going to 0:08:50.320 --> 0:08:52.360 be the biggest thing in the world and that if 0:08:52.360 --> 0:08:56.280 you're our first employee, you're gonna be You're gonna do really, really, 0:08:56.320 --> 0:08:59.280 really well. And I quit my job as a young 0:08:59.320 --> 0:09:02.040 reporter at and I went to work for what is 0:09:02.040 --> 0:09:05.160 now Telemundo, but it was like one station at that time. 0:09:05.720 --> 0:09:10.360 So for me, I feel like Telemundo taught me, with 0:09:10.640 --> 0:09:14.000 other people's money, how to run a business from the 0:09:14.040 --> 0:09:17.200 bottom up. Like a lot of people that you know, 0:09:17.320 --> 0:09:19.280 like they might be afraid to go work for a startup, 0:09:19.600 --> 0:09:21.800 but that startup is going to be the next AI. 0:09:22.160 --> 0:09:25.000 But then what about if it's not, Then do you 0:09:25.080 --> 0:09:26.720 lose all your money because there's a gamble. 0:09:26.760 --> 0:09:29.560 Realistically, you don't lose because you learn how to be 0:09:29.800 --> 0:09:31.920 how to run a business from the bottom up, and 0:09:31.960 --> 0:09:36.199 then somebody else grabs you. And sometimes to be entrepreneurial 0:09:36.240 --> 0:09:38.440 and do things, it takes three or four or five 0:09:38.520 --> 0:09:41.120 or six times to fail, but then you hit it big. 0:09:41.840 --> 0:09:44.720 You know, when I worked at Channel forty seven, they 0:09:44.760 --> 0:09:46.920 sold the station. I didn't think I was going to 0:09:47.040 --> 0:09:48.840 end up. I didn't think it was going to be Telemundo. 0:09:49.200 --> 0:09:51.320 I started a little business, and for four years, I 0:09:51.400 --> 0:09:54.720 made no money, but I did odd jobs and I 0:09:54.760 --> 0:09:57.280 did a lot of jobs, and I stayed the course. 0:09:57.360 --> 0:10:00.840 And I stayed the course, and I this company, little 0:10:00.880 --> 0:10:04.400 company that I started to launch channels abroad. I ended 0:10:04.440 --> 0:10:09.080 up launching HBO, ESPN, Fox, all these channels in Latin America. 0:10:09.120 --> 0:10:13.280 My company finally hit big, and then Telemundo hired me 0:10:13.400 --> 0:10:17.040 back because Sony had bought Telemundo and they were my client. 0:10:17.400 --> 0:10:21.680 What So, my journey has been very slow and steady, 0:10:21.880 --> 0:10:25.120 and I have failed so many times, but in the end, 0:10:25.160 --> 0:10:28.040 I won because you're learning as you go and you 0:10:28.080 --> 0:10:28.840 figure it out. 0:10:29.200 --> 0:10:32.800 You went from that to you know, real estate investments 0:10:32.840 --> 0:10:35.240 and all these other things. Where do you think your 0:10:35.280 --> 0:10:36.960 passion stands at this moment? 0:10:37.240 --> 0:10:39.840 Well, first of all, I went from Telemundo. We sold 0:10:39.840 --> 0:10:41.960 it to NBC and then I became a producer, so 0:10:42.000 --> 0:10:45.440 I became Tyler Perry Latina. I produced like seven hundred shows, 0:10:45.480 --> 0:10:48.760 including The Swan, which was a big hit in English 0:10:48.800 --> 0:10:52.160 for Fox. So I produced shows in English and Spanish. 0:10:52.240 --> 0:10:55.040 And then I at the same time, I started investing 0:10:55.040 --> 0:10:58.160 in real estate. And then finally, when I had made 0:10:58.160 --> 0:11:00.600 a bunch of money, my kid was I had a 0:11:00.600 --> 0:11:03.120 little kid at the time. Now he's twenty three, and 0:11:03.200 --> 0:11:05.320 he was not doing well in school. And he goes, Mom, 0:11:05.360 --> 0:11:07.720 you never finished school and you've done really well. And 0:11:07.760 --> 0:11:09.480 I said, you know, one of the things I regretted 0:11:09.520 --> 0:11:11.560 that I didn't finish school, so I went back to school. 0:11:11.679 --> 0:11:14.160 Oh my god, I I regret that too. I regret 0:11:14.240 --> 0:11:15.960 that too. I really want to go back to school 0:11:16.080 --> 0:11:17.720 at some point in my life, just to get it 0:11:17.720 --> 0:11:20.079 out of my system because I okay, well, I I've 0:11:20.120 --> 0:11:24.120 already done some other kolsa and mim. But by the way, 0:11:24.200 --> 0:11:26.160 this is a little info of me that I never 0:11:26.160 --> 0:11:28.360 really made public like that, but I guess. But anyways, 0:11:28.360 --> 0:11:31.560 I went to college for business administration. I really wanted 0:11:31.559 --> 0:11:35.640 to go for funeral services because I've always been Okay, no, Sam, 0:11:35.679 --> 0:11:37.480 I'm talking to that and that's a really good business. 0:11:37.480 --> 0:11:40.320 People die every day. And then I ended up not 0:11:40.480 --> 0:11:43.160 finishing because my mom was like, Oh, my mom's very spiritual, 0:11:43.480 --> 0:11:49.760 She's like want So I didn't do it, but I 0:11:49.840 --> 0:11:51.640 still kind of feel like I want to be able 0:11:51.640 --> 0:11:54.640 to give her that damn paper. It's a piece of paper, 0:11:54.840 --> 0:11:56.440 but I know it would make her so proud. 0:11:56.760 --> 0:11:58.360 Let me just tell you it's never too late to 0:11:58.400 --> 0:12:01.400 go back to school. My son is the number one 0:12:01.400 --> 0:12:05.600 skateboarder p rod and he he's about to retire as 0:12:05.600 --> 0:12:07.680 a skateboarder down you know, in a couple of years, 0:12:07.880 --> 0:12:09.400 and I tell him, you should go back to school. 0:12:09.440 --> 0:12:12.520 It's never too late. And school isn't always just about 0:12:12.520 --> 0:12:16.720 a papelito. It's about having time to think what am 0:12:16.760 --> 0:12:18.680 I going to do next? What can I do that 0:12:18.880 --> 0:12:21.199 is like different? And what came up for me a 0:12:21.320 --> 0:12:23.960 mana when I was in school is I focused on 0:12:24.000 --> 0:12:26.200 the I went to psychology school and I focused on 0:12:26.240 --> 0:12:30.480 the psychology of money in multicultural communities. Because I was 0:12:30.720 --> 0:12:32.440 I kept thinking to myself, why is it that we 0:12:32.720 --> 0:12:36.040 all don't like, we don't get wealthy? Why are we 0:12:36.120 --> 0:12:39.560 not wealth building, and I work for all these amedicanos 0:12:39.600 --> 0:12:40.720 and they figure it out. 0:12:40.520 --> 0:12:41.280 And we don't. 0:12:41.400 --> 0:12:43.560 And I went deeply into that and that's when I 0:12:43.559 --> 0:12:44.920 decided to write this book. 0:12:45.559 --> 0:12:47.800 Yes, I definitely want to talk about that. Let's let's 0:12:47.800 --> 0:12:51.160 get into your book. Okay, self Made. Just from talking 0:12:51.160 --> 0:12:54.880 to you, you're so motivational, inspirational, You're so driven. You 0:12:54.960 --> 0:12:57.600 have such a great charisma and energy. I can First 0:12:57.640 --> 0:13:00.200 of all, I want my own copy because i'm reading 0:13:00.600 --> 0:13:03.240 I love the title self Made. First, before you get 0:13:03.280 --> 0:13:06.360 into the details, I want to talk about what inspired 0:13:06.440 --> 0:13:09.480 you and why do you feel motivated to help others 0:13:10.080 --> 0:13:13.920 get their shit together, get financially stable and rich. 0:13:14.320 --> 0:13:19.000 First of all, I have been very not just blessed. 0:13:19.360 --> 0:13:22.280 I have also worked very hard to be a wealthy woman. 0:13:23.120 --> 0:13:24.960 And I think that when you know so, I don't 0:13:24.960 --> 0:13:28.240 know that that so. And I feel like no. I 0:13:28.320 --> 0:13:31.440 was on Celebrity Apprentice with Donald Trump. And when I 0:13:31.480 --> 0:13:34.680 was on Celebrity Apprentice, all these minority women were writing 0:13:34.720 --> 0:13:36.240 to me. They go, how did you learn to speak 0:13:36.280 --> 0:13:38.240 truth to power? Because he would yell at me and 0:13:38.240 --> 0:13:40.160 I would let him have it, And I go, are 0:13:40.200 --> 0:13:42.840 you kidding me? I said, because I have my own money. 0:13:43.480 --> 0:13:45.840 Because I've worked for a lot of very rich people, 0:13:46.559 --> 0:13:49.120 I've found my voice. But you know what, when you 0:13:49.120 --> 0:13:51.520 have your own money, you don't put up with a 0:13:51.559 --> 0:13:54.680 bad man. You don't put up with a bad you 0:13:54.679 --> 0:13:57.400 don't put up with a badmi, you don't put up 0:13:57.400 --> 0:14:03.280 with a bad co Okay. So I realized that I 0:14:03.320 --> 0:14:05.520 that because so many people said to me, you're like 0:14:05.559 --> 0:14:08.200 a hidden figure. How did you do it? And I 0:14:08.240 --> 0:14:10.520 had not gone to Harvard or anything. I went to 0:14:10.559 --> 0:14:13.760 school later. So I wanted to write a book to 0:14:13.800 --> 0:14:16.040 say and the book I love what I wrote here 0:14:16.040 --> 0:14:19.160 because I said the book is called Self Made, Becoming Empowered, 0:14:19.560 --> 0:14:23.320 self reliant and rich in every way because also as 0:14:23.360 --> 0:14:26.200 a Latina, it's not just about money. It's rich in 0:14:26.240 --> 0:14:30.400 every way, rich in family, rich in spirituality, rich in love. 0:14:31.240 --> 0:14:35.040 Better money is important because there's mission and there's money. 0:14:35.280 --> 0:14:37.520 And in a way, money has to come first. You 0:14:37.600 --> 0:14:41.240 have to get your life settled financially in order to 0:14:41.280 --> 0:14:44.600 really do big things. You gets in a podcast, book, 0:14:45.520 --> 0:14:48.160 you'll get to make a movie book. I can do 0:14:48.240 --> 0:14:50.800 it because I made money first, and I'm still young, 0:14:51.160 --> 0:14:54.120 and I made money by sacrificing and investing the money, 0:14:54.360 --> 0:14:56.560 and I wanted to tell other women how to do it. 0:15:01.840 --> 0:15:05.320 I come from an immigrant household, you know where My 0:15:05.480 --> 0:15:07.480 mother didn't know till this day, I don't know. No 0:15:07.560 --> 0:15:10.520 English didn't get to you know. She she wanted to 0:15:10.520 --> 0:15:14.400 go to college. She never got to, like she had Muto, right. 0:15:14.720 --> 0:15:17.320 I feel that, to a certain extent, is me trying 0:15:17.360 --> 0:15:20.840 to accomplish those things for her and be like Thoto 0:15:20.920 --> 0:15:23.120 sacrifices that you did to get to this country to 0:15:23.200 --> 0:15:25.040 make sure that I was, you know, gonna have a 0:15:25.040 --> 0:15:28.120 good future. You did it. I did it. I'm here, 0:15:28.440 --> 0:15:32.800 I'm learning, I am breaking generational curses. I am, you know, 0:15:32.920 --> 0:15:38.160 moving forward. However, I know more obviously about finances that 0:15:38.280 --> 0:15:41.000 my mother did. That's why she couldn't teach me. I 0:15:41.080 --> 0:15:42.800 know that my girls are only one and this is 0:15:42.800 --> 0:15:45.520 a very long journey still. Yeah, but I want to 0:15:45.600 --> 0:15:49.200 know how did you or have you or how do 0:15:49.280 --> 0:15:52.480 you talk to your children about money? How do you 0:15:52.560 --> 0:15:55.360 teach them? How do you start them off? Go madre. 0:15:55.520 --> 0:15:57.280 If you have a little sister, if you have a 0:15:57.280 --> 0:16:00.400 little brother, whoever is listening, and you have someone that's young, 0:16:00.800 --> 0:16:03.160 at what age should you start teaching them about what 0:16:03.280 --> 0:16:04.200 finances are. 0:16:04.920 --> 0:16:06.520 Well, I'll tell you how I did it. And my 0:16:06.600 --> 0:16:09.240 son is very good because I've taught him. But here's 0:16:09.360 --> 0:16:12.240 you don't teach. Here's what you do. You make it fun. 0:16:12.600 --> 0:16:14.000 Like what I would do with my kid is I 0:16:14.080 --> 0:16:17.360 go to we go to eat breakfast, and I go, Lucas, 0:16:17.400 --> 0:16:20.440 what do you think this place makes? Like let's do 0:16:20.520 --> 0:16:22.400 the math, like what do you think they're making? Let's 0:16:22.520 --> 0:16:25.280 let's each try and figure it out. And so I 0:16:25.280 --> 0:16:29.200 would say, like what does it cost us to eat here? Okay, 0:16:29.240 --> 0:16:31.600 like twenty bucks a person that was before the pandemic. 0:16:32.640 --> 0:16:34.760 And then I go, okay, how many people are sitting here? 0:16:34.840 --> 0:16:36.560 Let's do the math. Like we'd make it a game, 0:16:36.680 --> 0:16:40.000 or we go bowling, and I'd say, Lucas, do you 0:16:40.000 --> 0:16:42.360 think this bowling alley makes a lot of money? Like 0:16:42.560 --> 0:16:45.680 in other words, I made it like a fun game. Okay. 0:16:46.200 --> 0:16:48.360 We'd go to like toys r us and I would say, 0:16:48.560 --> 0:16:50.360 what do you think is a top selling toy in 0:16:50.400 --> 0:16:53.000 this in this thing? And and and and he go, 0:16:53.160 --> 0:16:54.440 I think it's this, and I go, I think it's 0:16:54.440 --> 0:16:57.440 I go, let's look it up. And so we started 0:16:57.600 --> 0:17:00.920 always talking about money like a game, game, a fighter 0:17:01.520 --> 0:17:04.040 do you know what I mean. So then like now 0:17:04.080 --> 0:17:06.639 he's like, Mom, we can't spend money on that. We 0:17:06.640 --> 0:17:10.199 should be doing this because it became such a conversation 0:17:10.440 --> 0:17:15.800 all our lives that now it's normal. I normalized it, right, 0:17:16.640 --> 0:17:18.359 And I think that when we were growing up, we 0:17:18.400 --> 0:17:20.240 just knew our parents didn't have money, but they didn't 0:17:20.240 --> 0:17:22.560 say like, and we knew that they didn't turn the 0:17:22.640 --> 0:17:25.560 lights on because you know, I always say Latinos are 0:17:25.560 --> 0:17:27.960 green before everybody else because our parents didn't want to 0:17:27.960 --> 0:17:31.560 waste money. But we never really had a conversation about it. 0:17:31.760 --> 0:17:34.000 And I think that that's what I do with my son. 0:17:34.480 --> 0:17:36.199 And if you met my son, you wouldn't believe it 0:17:36.240 --> 0:17:39.119 because he is so good at all this stuff. Because 0:17:39.119 --> 0:17:41.560 we always talked about it. It was like it was 0:17:41.640 --> 0:17:45.840 and we still do. Like when I told him listen, 0:17:47.040 --> 0:17:50.639 he was in University of Miami and I said to him, sorry, 0:17:50.720 --> 0:17:52.560 you have to move to LA And he goes, why 0:17:52.600 --> 0:17:54.800 and I go, because I'm not paying for your apartment 0:17:54.800 --> 0:17:57.760 in Miami when right now we have three buildings empty 0:17:57.800 --> 0:18:00.920 in LA and you could live there. And plus you've 0:18:00.960 --> 0:18:03.959 got to learn all the real estate that I own. 0:18:05.320 --> 0:18:08.120 I'm throwing you into into the lines. Then you got 0:18:08.119 --> 0:18:09.920 to give me one year of your life to learn 0:18:09.960 --> 0:18:10.560 my business. 0:18:10.560 --> 0:18:13.160 I agree, I agree. And and something else that I'm 0:18:13.160 --> 0:18:15.320 getting into to I'll talk about it later, but you know, 0:18:15.359 --> 0:18:19.840 I'm finding out about getting a trust and all these things. Oh, 0:18:20.080 --> 0:18:22.000 nobody talks about, Like my mom doesn't even know what 0:18:22.040 --> 0:18:23.400 the hell that is. I'm if you don't know who's 0:18:23.400 --> 0:18:25.520 supposed to teach me. So I'm over here. And I 0:18:25.520 --> 0:18:28.560 feel that you should use Instagram and YouTube obviously as 0:18:28.600 --> 0:18:32.080 a teaching and educational platform as well, because there's so 0:18:32.119 --> 0:18:35.240 many amazing people on these platforms teaching you and giving 0:18:35.280 --> 0:18:38.040 a free game. I never even knew what a trust was. 0:18:38.240 --> 0:18:40.280 And now that I own several properties and I have 0:18:40.359 --> 0:18:44.200 certain things, I'm a single mother, it's okay. I have 0:18:44.320 --> 0:18:46.920 to be able to prepare for that day. I think 0:18:46.960 --> 0:18:49.160 that's something else that Latino community doesn't like to talk about, 0:18:49.240 --> 0:18:54.479 is death, death, finances, taboo topics. Let's talk about it 0:18:54.520 --> 0:18:57.720 so that we know what's going on. Se get mommy 0:18:57.840 --> 0:19:00.160 passes away. You don't know what I have, you don't 0:19:00.200 --> 0:19:02.639 know how to run it, you don't know nothing. 0:19:09.960 --> 0:19:12.720 I was a single mom too, and in a way 0:19:12.760 --> 0:19:14.639 it's a blessing because then you get to mold your 0:19:14.720 --> 0:19:17.800 kids the way that you want and and it's very 0:19:17.800 --> 0:19:21.159 important that they see that you're always learning and that 0:19:21.240 --> 0:19:23.600 you care about learning and that it's okay. Also that 0:19:23.880 --> 0:19:26.119 everything is moving so fast in the world that we 0:19:26.200 --> 0:19:28.320 also like right now, AI is going to be the 0:19:28.359 --> 0:19:30.000 next big thing and we have to learn all that. 0:19:30.400 --> 0:19:33.639 So I think if your kids see you wanting to 0:19:33.760 --> 0:19:35.879 just learn all the time. And in a way, my 0:19:35.960 --> 0:19:38.720