Speaker 1: Hi guys, Welcome, Welcome, Welcome Gang Gang. I hope you
Speaker 1: guys are having an amazing week, and if you're not well,
Speaker 1: I hope that this show makes you feel a little
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Speaker 1: Give us five stars to in the end because you
Speaker 1: know that the show is getting better every time. Anyways,
Speaker 1: to done, we're talking about one of my favorite topics
Speaker 1: because UM, I'm always trying to figure out ways to grow,
Speaker 1: to learn, to evolve, to become a better me. And
Speaker 1: when I see a better me, I also mean a
Speaker 1: better me financially. Let's figure out how can we invest
Speaker 1: our money? How do we create generational wealth? Um, and
Speaker 1: I'm going to have a friend to break it down
Speaker 1: for me, for those who still don't get it, for
Speaker 1: those that don't understand, for those that are still confused,
Speaker 1: for those that don't feel that because I'm still young,
Speaker 1: I still got time. Not necessarily, Actually, while you're young
Speaker 1: is the time to do it. Igono. My guest today
Speaker 1: is the founder of First General Living, Maria melchor Um. Maria,
Speaker 1: thank you so much for coming in today. Thank you
Speaker 1: so much for having me. It's such a pleasure to
Speaker 1: be here and be talking with you about my favorite topic,
Speaker 1: which is money and generational wealth building. I love that
Speaker 1: we are both, you know, we talked about growing up
Speaker 1: in immigrant families and growing up with that kind of
Speaker 1: mentality and trying to you know, break away from some
Speaker 1: of that to start you know, building our own uh
Speaker 1: our our own wealth. So I really appreciate you having me.
Speaker 1: Of course, we're the ones I really feel like for
Speaker 1: those that come from immigrant parents, And I always talk
Speaker 1: about that because a lot of people I feel that
Speaker 1: don't understand it or don't um get where we're coming
Speaker 1: from when we say that our parents fought really hard
Speaker 1: for us to have a better future, and we're so
Speaker 1: grateful for that, but we also I also feel that
Speaker 1: we need to break certain generational curses. And when I
Speaker 1: mean certain generational curses, I mean the fact that they
Speaker 1: have a different mentality of what money means to them
Speaker 1: and how money should be invested to them. So before
Speaker 1: we get into it, can you please explain and break
Speaker 1: down what exactly as generational wealth to you? Yeah? All right,
Speaker 1: So I see generational wealth as you know, this opportunity
Speaker 1: for us, for us individuals to share our money not
Speaker 1: only with like our parents, but our future generation. So
Speaker 1: it's not just about you know, living paycheck to paycheck.
Speaker 1: Money is not just about living paycheck to paycheck, but
Speaker 1: it's about thinking about how can I share it with
Speaker 1: my family, be and my parents, my grandparents, or also
Speaker 1: my kids their kids. I think about it as like
Speaker 1: stability and as flexibility for me and my loved ones.
Speaker 1: That's how I see generational wealth most definitely. And I
Speaker 1: know that First Gen Living was something that you created obviously,
Speaker 1: um it educates people, especially first generation immigrants, students and
Speaker 1: professionals and all that stuff on finance. What motivated you?
Speaker 1: What inspired you to want to be the one to
Speaker 1: actually give that helping hand yeah. I you know, I
Speaker 1: grew up in a very hard working family, very hard working,
Speaker 1: but still low income. You know, we still we're living
Speaker 1: at the federal poverty line. We still, you know, we're struggling. Uh.
Speaker 1: And that always made me have money on my mind.
Speaker 1: So as soon as I graduated college, I wanted to
Speaker 1: learn more about how to maximize my money, how to
Speaker 1: start building some of this generational wealth. What did this
Speaker 1: even look like? What did this even mean? Uh? And
Speaker 1: I had to do all of that on my own,
Speaker 1: like you said, like I didn't have anybody to turn
Speaker 1: to for guidance. Uh. So I, you know, I started
Speaker 1: reading books, I started listening to podcasts, I started taking courses,
Speaker 1: and over time and I felt really confident. I felt
Speaker 1: like I knew what I was doing. And I wanted
Speaker 1: to be that mentor, that money mentor for other people
Speaker 1: that also wanted to break these curses and start building
Speaker 1: their wealth, but maybe didn't have the interests or the time.
Speaker 1: I just didn't want to have to go through this
Speaker 1: process alone. Uh. That's where first gen Living came in.
Speaker 1: I said, I, you know, I want to build my
Speaker 1: own financial education consulting business where I can just help
Speaker 1: people one on one uh help them reach reach their
Speaker 1: financial goals. I love that. I love the fact that
Speaker 1: you're willing to, somewhat to a certain extent um, sacrifice
Speaker 1: right your own time so that you can be able
Speaker 1: to provide this information for those that may not have
Speaker 1: the time, that may be afraid, that may not understand,
Speaker 1: they might feel that it's too difficult. UM. So definitely
Speaker 1: super grateful for that, And we're definitely gonna be chatting
Speaker 1: after this is all done to see how you can
Speaker 1: help me and you can boost up my finances because
Speaker 1: I'm always I'm always looking for ways to invest, and
Speaker 1: not only to invest, but to better what I already have.
Speaker 1: Sometimes I really feel that here in the United States,
Speaker 1: one thing that we don't take advantage of the fact
Speaker 1: is that there's a lot of programs that a lot
Speaker 1: of us don't even know about. Right, there's a lot
Speaker 1: of programs that can help us finance actually, um, and
Speaker 1: things might not be as difficult as we think sometimes
Speaker 1: we make. It seems. Even to buy a house, it's
Speaker 1: like Giorn think, just like Mommy, there's so many plans.
Speaker 1: You may not buy that one, but you could buy
Speaker 1: another one. Right, Guess there's a lot of other things
Speaker 1: you can do. What is your favorite way of investing money.
Speaker 1: When I think about investing, I think about what's possible
Speaker 1: for me right now. I've thought about investing in the
Speaker 1: stock market, investing in real estate. Now there's crypto, investing
Speaker 1: in crypto. There are many different avenues, and I've thought, well,
Speaker 1: what can I start off with if I don't have
Speaker 1: that much cash, if I don't have that much income
Speaker 1: or cash to get started with with a house or
Speaker 1: get started with real estate property. I've also thought, I'm
Speaker 1: somebody who you know, I'm moving around a lot, I'm young,
Speaker 1: I don't really know where I want to stay. I
Speaker 1: don't really know if real estate is the thing for
Speaker 1: me right now. So I started with investing in the
Speaker 1: stock market. That's been my approach. That's what I've prioritized.
Speaker 1: But I see real estate as something that may come
Speaker 1: for me down the line. You were not you were
Speaker 1: never you were never afraid of the stock market because,
Speaker 1: for example, I've heard great things about it. You know
Speaker 1: that I have. Indeed, i've seen it in the movies either,
Speaker 1: Like you know, people are running around, but I really
Speaker 1: still don't get it. I know you can. I've heard
Speaker 1: of people that make a lot of money. Is it
Speaker 1: a little bit scary, Yes, because as the point of me,
Speaker 1: the fields that it's almost like gambling. It's like you
Speaker 1: put and you if you really don't understand that, you
Speaker 1: can lose everything that you had in there. So, um,
Speaker 1: you were never afraid of taking that first step. I
Speaker 1: was afraid at first, but right, I put in all
Speaker 1: of this time and effort in learning about finances, and
Speaker 1: the more I learned, the more I realize, Okay, actually
Speaker 1: this is okay. And I like what you said earlier
Speaker 1: about leaving your money in cash because, uh, leaving your
Speaker 1: money in cash. Something people don't think about is that
Speaker 1: there is risk in leaving your money in cash. There's
Speaker 1: not just risk in investing in the stock market or
Speaker 1: real estate. There's also a risk of inflation if you
Speaker 1: just leave your your cash and your bank account, right, Like, yeah,
Speaker 1: if you leave it under your bed, right, there's that
Speaker 1: risk of what if you know, somebody takes it of
Speaker 1: your house catches on fire. But even if you leave
Speaker 1: it in a bank that you trust, your money is
Speaker 1: losing value if the you know, if the value of
Speaker 1: the US dollar is going down over time. Um, so
Speaker 1: with investing the stock market as as long as you
Speaker 1: understand that that there is some risk, but that you
Speaker 1: can manage that risk. It's safe. It's a safe way
Speaker 1: to build wealth. It's a way that a lot of people,
Speaker 1: a lot of people who have a lot of money
Speaker 1: now have been able to build their wealth is by
Speaker 1: investing the stock mark it. Do you have a team
Speaker 1: that helps you with this or do you do everything yourself? Yeah?
Speaker 1: I've been doing everything myself. I've been thinking about growing.
Speaker 1: I I get the fear about investing in the stock market.
Speaker 1: I think, uh, there are many ways to get started,
Speaker 1: and I think the first thing to think about is
Speaker 1: you know what it is that your goal is. Um.
Speaker 1: Something I work with my clients on is just trying
Speaker 1: to get a vision, to get their vision and turn
Speaker 1: it into a goal, to figure out if investing in
Speaker 1: the stock market makes sense for them or if something
Speaker 1: like investing in real estate is what works for Do
Speaker 1: you do feel the same way now about bitcoins and
Speaker 1: crypto and all these are the things that have teeth.
Speaker 1: Is this something that you're also interested in in? Uh?
Speaker 1: You know, getting yourself involved in that world? Are you
Speaker 1: already involved in that world? I'm not already involved in
Speaker 1: that world. So I do see investing in the stock
Speaker 1: market as way less risky than investing in bitcoin or
Speaker 1: crypto because the stock market has actually been around for decades,
Speaker 1: it's heavily regulated by the US government, and there's a
Speaker 1: lot of data that helps us understand what we can
Speaker 1: expect for the future, and a lot of laws that
Speaker 1: help us. Yeah, keep our money safe. This is something
Speaker 1: that is And when it comes to stock market, is
Speaker 1: this something like because I've seen it people that wake
Speaker 1: up early in the morning and they go they don't
Speaker 1: have to watch the news and see what the stock
Speaker 1: is up and down and this and that. Do you
Speaker 1: spend like all day in act? And like, is this
Speaker 1: like a whole psychig or is this something you wants
Speaker 1: to watch just look and the just invest a little
Speaker 1: bit of money there and then come on, how do
Speaker 1: you do it? Yeah? Definitely more every now and then.
Speaker 1: I look at my investments. I'm not monitoring them day
Speaker 1: and night, morning and night. I and what I call
Speaker 1: my self a passive long term investor. So, like you're saying, right,
Speaker 1: life gets busy. I do not want to spend all
Speaker 1: of my time just like looking at these numbers I
Speaker 1: believe in buying into groups of investments. So instead of
Speaker 1: buying into one investment at a time, getting exposure to
Speaker 1: large parts of the economy through these groupings of investments
Speaker 1: called mutual funds, I buy into mutual funds. I let
Speaker 1: those investments sit there, I put my cash in, let
Speaker 1: those investments sit there, and have those investments grow as
Speaker 1: the economy expands, as these companies grow in value over time.
Speaker 1: There's still risk involved with that, but it's so low
Speaker 1: maintenance Soloman And Okay, so for those that still want
Speaker 1: to continue obviously understanding more besides stock right because the
Speaker 1: stock market, Um, what are other ways that you advise
Speaker 1: people to invest their money? Like let's say a lot
Speaker 1: of people do in the pandemic they got the little um,
Speaker 1: the little stimulus check and didn't know what to do
Speaker 1: with the money. Um. But I said multi book, all right,
Speaker 1: because well, I've known a lot of people that have
Speaker 1: studied a company. They started off with a thousand dollars
Speaker 1: and next thing you know, they flipped that money. That
Speaker 1: money flipped into something else and the next thing you know, yeah,
Speaker 1: there are multi millionaires. But whether it is you have
Speaker 1: a thousand dollars or you have ten thousand dollars or
Speaker 1: maybe twenty thousand dollars saved in the bank um and
Speaker 1: you want to invest it. What are several different ways
Speaker 1: that you can advise people to invest their money? Yeah, I,
Speaker 1: you know, can't tell people what to invest in. That
Speaker 1: only in the US, only certified financial advisors can do that.
Speaker 1: What I do with my clients is I teach them
Speaker 1: how to go out and educate themselves on making these
Speaker 1: choices for themselves. So I teach more of like the process.
Speaker 1: I don't tell people exactly what to invest in. So
Speaker 1: a process I advise people on is yeah, get started
Speaker 1: with a goal. So like, what are these ten k
Speaker 1: what is this ten tho dollars twenty dollars? What do
Speaker 1: they represent for you? Like? Is this something where you
Speaker 1: want to leave money for your kids? Is this something
Speaker 1: where you know you want to be able to save
Speaker 1: for bait down payment for five ten years from now? Like?
Speaker 1: What is your goal once you have that? If you
Speaker 1: don't want to invest any more time, Like you don't
Speaker 1: want to work with me, you don't want to work
Speaker 1: with anybody. You just want to put that money in
Speaker 1: an investment in the stock market. I recommend going to
Speaker 1: a robo advisor. So you know how with social media
Speaker 1: there's like these algorithms that figure out what you want
Speaker 1: to see and well there's also algorithms for banks that
Speaker 1: help you. You know, once you give them a goal,
Speaker 1: they help you actually build your investment portfolio for you
Speaker 1: and do the rest of the work for you. So
Speaker 1: you just give them the cash, give them the goal,
Speaker 1: and this robo advice or this algorithm will create the
Speaker 1: portfolio for you, uh, do kind of all of the
Speaker 1: technical scary stuff for you. So that would be my
Speaker 1: advice for next steps for people who feel a little
Speaker 1: overwhelmed or a little a little afraid, um to get started. Okay,
Speaker 1: So I'll ask you this too as a as a Latina. Right,
Speaker 1: where are you? Where is your family from? I I
Speaker 1: grew up in Mexico. Actually my family is from Mexico. Um,
Speaker 1: we moved here when I was a kid. Uh, but
Speaker 1: in Mexicana. Okay, charity Latin. I was explaining earlier how
Speaker 1: my mom doesn't really understand how finance works these days,
Speaker 1: Like she'll still tell me about like thirty years ago, lacks,
Speaker 1: I thought that things were so much cheaper. The food
Speaker 1: is expensive, this and that, like, you know, there's a
Speaker 1: part of me that I feel like they're still stuck
Speaker 1: on how it used to be. And it's like the
Speaker 1: world is changing. Everything has changed, everything's online, it's all.
Speaker 1: It's the world is changing right overall. So, um, when
Speaker 1: you talk to your parents, are when when you told
Speaker 1: them what you were doing? How have you been able
Speaker 1: to help them grow mentally? When it comes to money
Speaker 1: have how have you been able to teach them? Um,
Speaker 1: this is how you should use your money. This is
Speaker 1: a proper way of doing things. When it comes to
Speaker 1: talking to my parents, I always like to start by
Speaker 1: telling them about what I'm doing and how it's been
Speaker 1: working for me. Uh So I don't like to just
Speaker 1: tell them, you know, you're wrong, I'm right, because I
Speaker 1: always you know, our parents have some with them, right
Speaker 1: like they do have with them, and I think it's
Speaker 1: just about you know, well, yeah that is the way
Speaker 1: it was then, and I want to listen to you
Speaker 1: and hear about it, and then I want to tell
Speaker 1: you about what I've been doing, you know, listen, like
Speaker 1: I just opened this investment account with this bank, and
Speaker 1: here's how much my money has grown. And no, here
Speaker 1: they're like very few seeds I had to pay, and
Speaker 1: I want this for you too, are you interested? Uh?
Speaker 1: And really like up you know, having many conversations where
Speaker 1: we just listen to each other and build that trust
Speaker 1: with them and show them my numbers first. Um, because
Speaker 1: I know that a lot of the distrust around for example,
Speaker 1: like a stock market and banks in the US like
Speaker 1: that is not unfounded. You know, I know that it
Speaker 1: comes from somewhere. So it's about you know, like things
Speaker 1: have changed. And look, I'm an example, like I can
Speaker 1: show you that this this is working out for me,
Speaker 1: it's working out for my clients. So um, yeah, I
Speaker 1: mean they have valid they have valid stories. I think
Speaker 1: my parents have always believed in real estate, Like you know,
Speaker 1: way to build wealth is real estate. Uh. So that's
Speaker 1: something that I'm I'm also trying to be open to, Like, Okay,
Speaker 1: you really believe that I'm a fan of real estate.
Speaker 1: You already know anybody has heard exactly that. I always
Speaker 1: talk about real estate because I'm like, you may not
Speaker 1: need money for this to buy clothes, for your nails,
Speaker 1: for your hair, but everybody needs a place to live.
Speaker 1: So you can't go wrong with cement and break. Um.
Speaker 1: And you know I've been a fan of it, I
Speaker 1: but at the same time, I'm always still looking for
Speaker 1: other ways to grow and learn. I don't think that
Speaker 1: you should be closed minded. You know, the stock market
Speaker 1: is not something that I've necessarily been a fan of
Speaker 1: because I don't understand it. But I'm always willing to
Speaker 1: learn and understand. So I think that's the most important part,
Speaker 1: is to be open minded Maria. But I also want
Speaker 1: to ask you this because I know that you've talked
Speaker 1: about how some first generation Latinos can feel guilty when
Speaker 1: they start making money because they compare you know, um,
Speaker 1: they compare to what their parents basically you know, used
Speaker 1: to make or what they make with their work. So
Speaker 1: can you explain that a little bit? Why do you
Speaker 1: feel that they feel guilty or we feel guilty? Yeah,
Speaker 1: I mean I can talk more about right, like growing
Speaker 1: up in a family where my dad was working all day,
Speaker 1: my mom was working all day, but they still we're
Speaker 1: getting underpaid and we're not making enough to be able
Speaker 1: to be where I'm at now. Right. Um, Seeing that, right,
Speaker 1: it makes me think, well, I have to work hard
Speaker 1: all the time every day in order to make like
Speaker 1: the bare minimum. And now when I you know, graduated college.
Speaker 1: Now that I have my own business, and I'm seeing
Speaker 1: money kind of come a little more easily than how
Speaker 1: I came for my parents, and you know, get paid
Speaker 1: more than what they were probably getting paid at my age. Uh,
Speaker 1: you know that that kind of I just have to
Speaker 1: acknowledge that, right that, like, they were in a different circumstance,
Speaker 1: they were probably getting paid less than what their labor
Speaker 1: was worth. And now I, you know, I am in
Speaker 1: a different position. I'm in a different position where I'm
Speaker 1: asking for more money. I have the privilege to ask
Speaker 1: for more money. And I you know, it's not really
Speaker 1: about um good or bad, right, Like, I can't feel
Speaker 1: guilty about that. I can just feel grateful that thing
Speaker 1: have changed and I'm in this new position. Um. So yeah,
Speaker 1: when clients come to me feeling guilty about earning more
Speaker 1: than their parents, you know, all I can say is, listen,
Speaker 1: it's not about you know that you don't deserve this.
Speaker 1: It's that your parents deserve just as much, but they
Speaker 1: didn't get it, and you know that sucks. But now
Speaker 1: you know, you you you do deserve this. You know.
Speaker 1: As much as we want things to still remain the same,
Speaker 1: things have changed and um unfortunately to a certain extent.
Speaker 1: It is true our parents have to work, you know,
Speaker 1: so much more harder to gain the same amount of
Speaker 1: money that a lot of us are able to get
Speaker 1: in like a day or two or a week. But
Speaker 1: I also think that there's access suits to so much
Speaker 1: more in comparison to back then. But talking about access
Speaker 1: something that I'm being I've thought about Battle. I haven't
Speaker 1: officially started movie on its battle a retirement. Retirement is
Speaker 1: something that you hear and I feel like when I
Speaker 1: don't If I have money now and I invested properly,
Speaker 1: I don't really have to be worried about like the
Speaker 1: retirement that the government is going to give me based
Speaker 1: off my taxes and based off this and like I guess,
Speaker 1: if I make money now and I invested properly, I
Speaker 1: don't have to worry about it. That's not the reality
Speaker 1: for all of us, right, all of us are not
Speaker 1: in the same situation. So do you think that this generation,
Speaker 1: especially the minorities and obviously LA the Latin X and
Speaker 1: do you think that this generation thinks as much or
Speaker 1: worries as much about retirement? Are they really thinking and
Speaker 1: looking ahead into the future. I think my generation millennials
Speaker 1: are definitely thinking about retirement one for you know, our
Speaker 1: own retirement, because we hear in the news right that
Speaker 1: social security may not be there down the line. That's
Speaker 1: not true, but you know, we hear these you never know,
Speaker 1: we hear these headlines. And we're also thinking about our
Speaker 1: parents right as we're aging, as our parents age, we're
Speaker 1: thinking about you know, oh my god, I have to
Speaker 1: figure out my retirement. But here's my parents, and I
Speaker 1: want to help them retire. You know, they worked so hard,
Speaker 1: so I I in my experience, it's it's a huge
Speaker 1: uh concern for for us uh And yeah, I mean
Speaker 1: there there will be social security maybe you know, maybe
Speaker 1: it won't be as much as we thought it would
Speaker 1: because I don't know what people think, you know, social
Speaker 1: security will be like, but it is not a lot
Speaker 1: of money. It's yea poverty standard, not a lot of money.
Speaker 1: So even if you get that right, do you want
Speaker 1: to retire comfortably um and not necessarily be struggling you
Speaker 1: know as as you as you uh as you age.
Speaker 1: So definitely top of mind for for my generation now, UM,
Speaker 1: I have to take advantage of you and ask you
Speaker 1: all the questions I can think of and other things
Speaker 1: that I know that the exactly amount listeners want to know. Um,
Speaker 1: So for those that don't know, Okay, home girl over here,
Speaker 1: she's pretty ambrains. I did go to college, However I
Speaker 1: didn't finish. I want, want want. Eventually, I would love
Speaker 1: to go back into school, but we said, there's a
Speaker 1: part of oka still it has that anxiety of like
Speaker 1: I need to accomplish what I started, whether it's finishing
Speaker 1: that same career or finding something else, but I want
Speaker 1: to do it. And also my mom wanted My mom
Speaker 1: wanted that damn diploma so bad, like do a sacrificate,
Speaker 1: blah blah blah and la la. So I'm like, I know, Mom,
Speaker 1: which today we've spoken about it. I'm like me, if
Speaker 1: I would have stayed in school doing what you wanted
Speaker 1: me to do for my future, we probably wouldn't live
Speaker 1: the way that we live now. You know. I was
Speaker 1: able to follow my passion and what I really loved
Speaker 1: and what I really cared about, and that's why today
Speaker 1: we have a different lifestyle. I know a lot of
Speaker 1: people that go to college, they're stuck there trying to
Speaker 1: please their parents, are just trying to do what they consider,
Speaker 1: what if I study and do this, I'm gonna get
Speaker 1: this job, and this job is going to automatically give
Speaker 1: me this And it doesn't necessarily happen the same way
Speaker 1: for everyone. I know a lot of college educated people
Speaker 1: who are working in, you know, department stores, and that
Speaker 1: wasn't the vision for the future. So going to college
Speaker 1: doesn't always guarantee the future that you visualize better. What
Speaker 1: I do know is that I was stuck with student
Speaker 1: loans for a real long time and I had to
Speaker 1: pay them student loans. Oh my god, you know, it
Speaker 1: was messing up my credit. Um, it was just a
Speaker 1: hot mess. But anyways, I got it paid off. Glori AliOS.
Speaker 1: I was able to do it better. I know that
Speaker 1: there's a lot of people kid don't have the same
Speaker 1: possibilities of paying off their student loans, and at the
Speaker 1: same time they have the bills of the student loans
Speaker 1: and messes up their credit. They're trying to save money
Speaker 1: to invest, whether it is to buy their home or
Speaker 1: to buy something or to invest in something else. But
Speaker 1: in the back of their mind they're like, I have
Speaker 1: to get rid of the student loans. So what advice
Speaker 1: do you suggest for students or just not even students,
Speaker 1: just for people overall that still have those student loans,
Speaker 1: you know, waiting on their shoulders. Yeah, there is a
Speaker 1: way to manage your student loans so that you don't
Speaker 1: have to be so worried about it messing with your
Speaker 1: credit and so you can start thinking about investing and
Speaker 1: about these other things we've been talking about. So with
Speaker 1: student loans, if you believe it or not, if you
Speaker 1: actually like, talk to your lender. So if you talk
Speaker 1: to the federal government if that's your lender, if you
Speaker 1: talk to your private lender, if that's your lender, and
Speaker 1: you tell them what your goal is with these loans.
Speaker 1: You think about your goal and what the goal is
Speaker 1: for these loans, like do you want to pay them
Speaker 1: off as soon as possible? I know that's not everybody's goal.
Speaker 1: If you want to make the minimum payment for however
Speaker 1: long it takes, that's your goal, okay. Or if you
Speaker 1: want to have a more balanced approach where you want
Speaker 1: to make this amount of in payment for this amount
Speaker 1: of time. Whatever your goal is, there's a whole Any
Speaker 1: goal is valid, and once you go to your lender
Speaker 1: and you communicate that, you can get you know, the
Speaker 1: smallest payment, you can get a medium payment or a
Speaker 1: huge payment. You have that taken care of. You've talked
Speaker 1: to your lender. I think a lot of people get
Speaker 1: really afraid to even talk to their lender and contact
Speaker 1: the agency because they're afraid of like the balance or
Speaker 1: what's going to be going on in there. But you
Speaker 1: really want to find out so that it doesn't mess
Speaker 1: you with your credit and it doesn't make it impossible
Speaker 1: for you to go and pursue these other things like
Speaker 1: real estate down the line. So so confront the issue.
Speaker 1: Confront the issue, don't ignore it. Like if you have bills,
Speaker 1: if you have bills, whatever it is, if you have
Speaker 1: things in collection, whatever it may be, don't ignore it.
Speaker 1: Gonna get the longer. Ignore is going to go away.
Speaker 1: It's not gonna go away. It's gonna stay there. It's
Speaker 1: gonna build up, it's gonna get worse. So um confronted,
Speaker 1: do do let whoever it is. No, this is my goal,
Speaker 1: like you just said, this is how much I want
Speaker 1: to pay, or my goal is within the next three
Speaker 1: years pay it off. How much should I be paying?
Speaker 1: And then if that means having to get a side gate,
Speaker 1: but my moon you know what I'm saying. You gotta
Speaker 1: figure it out. Look these days, don't do what I say.
Speaker 1: Don't listen to me. But I'm just saying I've heard
Speaker 1: of some people that pay some student loans during the
Speaker 1: only fans. I don't know. You're do whatever makes you
Speaker 1: feel comfortable. Battle. Um, definitely, don't just ignore your problems.
Speaker 1: Don't ignore you know the fact that you have builds,
Speaker 1: you know, accumulated ice and out money and my love.
Speaker 1: I want to thank you so much for all the
Speaker 1: good advice that you've given us today. Where can the
Speaker 1: people follow you? Where can they find? Um? You know,
Speaker 1: your organization, everything you have going on. I don't know who. Yeah,
Speaker 1: I love to you know, I'd love to connect with
Speaker 1: some of you. I'm over at Instagram First Jen Living.
Speaker 1: You can also look at my name Maria Mato on
Speaker 1: Instagram or you can go to my website which is
Speaker 1: www dot First jen Living dot com. But I'm on
Speaker 1: Instagram most of the time. So yeah, I'd love to
Speaker 1: hear your story. What you're struggling with? Uh, and yeah,
Speaker 1: what some of your goals are. One of guys, you
Speaker 1: already know this was the first part of many of
Speaker 1: many because you already know I'm not done talking about
Speaker 1: investments in generational wealth. This is just gonna look at
Speaker 1: the beginning of many more conversations to come. I feel
Speaker 1: that a lot of people, especially the young generation, needs
Speaker 1: to continue to listen about this, needs to continue to
Speaker 1: learn about it. I too, am always willing to learn
Speaker 1: and now with Maria, when this is over, Maria, Mia,
Speaker 1: you can't leave me here hanging out. I want to
Speaker 1: know about the stock market. How much do we have
Speaker 1: to invest? How do I do this? So I'm definitely
Speaker 1: gonna be talking to you, um and maybe you know
Speaker 1: next time I'm on my podcast, I can let you
Speaker 1: is no window. I finally started because the thing, the
Speaker 1: hardest thing is always to start. We're always scared to start.
Speaker 1: Just to get your feet wet is the scariest thing, Mama.
Speaker 1: Nobody's born knowing you have to learn during the process
Speaker 1: of life. So with that being said, guys, thank you
Speaker 1: so much as usual for joining and listening to exactly
Speaker 1: a Mata. Remember to follow us on Instagram and on
Speaker 1: Twitter at exactly a Mata. Also Michael Kuda podcast on Instagram.
Speaker 1: But I didn't it a little cheapness either. A lot
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Speaker 1: the YouTube channel. Go on the search bar and read
Speaker 1: exactly a Matta or a Mara and you will find
Speaker 1: all the podcasts, behind the scenes and all that good stuff.
Speaker 1: This has been a production of I Heart Michael Gouda
Speaker 1: podcast network. For more podcasts from My Heart, visit the
Speaker 1: I Heart Radio app, Apple podcast, or wherever you listen
Speaker 1: to your favorite show, like exactly a Mada. With that
Speaker 1: being said, I love you guys so much. I shall
Speaker 1: see you guys next Thursday. H m hm