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Empodera Latina
Empodera Latina

Season 1, Episode · 10 months ago

Becoming a Financially Strong Latina with Jen Hemphill & Jannese Torres-Rodriguez

ABOUT THIS EPISODE

On this week’s episode Latina money experts, Jen Hemphill and Jannese Torres-Rodriguez share their tips and secrets on financial literacy and how to track and build your personal wealth. 

Jen Hemphill, a military spouse & proud bilingual Latina, helps the busy career-oriented woman become the reina of her money and love her dinero more.  She is a Latina Money Expert, an AFC® (Accredited Financial Counselor), author, speaker and hosts the Her Dinero Matters podcast. Her Dinero Matters is an award-winning podcast focused on the advancement of U.S. Latinas to minimize the gender wage gap while creating a healthy, confident conversation around money. She has been featured in publications such as Forbes, U.S. News and World Report, Oprah Magazine, Good Company Magazine and Grow (Acorns + CNBC) and Yahoo Finance. 

Learn how to gain confidence in your finances at https://jenhemphill.com/ and be sure to follow her @jenhemphill on social media!

Jannese Torres-Rodriguez is a nationally-acclaimed Latina Money Expert, Educator, Speaker, Writer and Business Coach. She became an accidental entrepreneur after a job loss led her to create a successful Latin food blog, Delish D’Lites. Now, she helps her clients and listeners build successful online businesses that allow them to pursue financial independence and freedom. Jannese is on a mission to educate marginalized communities on topics like entrepreneurship, investing, and building generational wealth through her personal finance podcast, “Yo Quiero Dinero.” The podcast has been featured by BuzzFeed, Business Insider, NextAdvisor (Time), Grow Magazine (CNBC), Bankrate and more. 

If you want to find out more about how to become financially independent and how to build generational wealth go to https://yoquierodineropodcast.com/start-here/ and follow her @yoquierodineropodcast!

Oh, let me gas, me nombre Rita Bautista, and I am the founder of the Latina podcasters network, a platform created to globally amplify the voices of Latinas who podcast. I started my company because I wanted to hear the voices of my community and my people reflected back into my ears. Well, this podcast is dedicated to all of those dreamers and founders who decided that they also wanted to take a chance on themselves and create something for their community in Empoira, Latina. You'll hear stories from CEOS to social media experts, MOMS, tech company owners and leaders from across the world that are all Latina's here to share their stories with you weekly. Stay tuned. All Latin has welcome back to another episode of Embodia Latina podcast. I'm your host, Ritautista, the founder of the Latina podcasters network. Today we have Ganese Dores Rodriguez and Jen Hemphill. Will be talking a about Latina wealth and financial advising and growing your your financial investments are just in general, working on being debt free. Janice sturus Rodriguez is the host of Yokuilol Netto, a personal finance podcast created for Latin has and people of Color. An engineer by day and selfdescribes side Hustle Guru. She advises Lettin has to build multiple streams of income and teaches her money making strategies in her side Hustle moguls program. She might have a thing or two to teach us after earning a hundred thousand dollars last year from her side hustles alone. Dorris Rodriguez, a first generation Puerto Rican muhare, is also a fierce advocate of investing with goal of early retirement. Her content on Instagram, ticktock and the podcast addresses topics from tackling debt to a state planning to financial independence and more. Jen Hemp Hill, is a military spouse and proud by Linguo. Latina, helps the busy, career oriented woman become the Reina of her money and love of her the little she is a Latina expert in a FC, accredited financial counselor author, speaker and hosts the the net heard the little matters podcast. Heard the little matters is an award winning podcast focused on the advancement of us. LETTIN HAS TO MINIMIZE THE GENDER WAY GAP while creating a healthy and confident conversation around money. She's been featured in publications such as Forbes, US News and World Report, Oprah magazine, Good Company magazine and Grow Acorns, CNBC, Yahoo Finance. These two women have such an amazing biography and I feel unworthy to be here because my money is hurt and but no longer. We're going to get rid of those the nettle wounds today with these two amazing Mohitd Adena's and also muddy experts. Thank you both so much for being here. Some day, Jen and genie, thank you for having us. Yeah, so, for everybody who's listening right, I know we all go through these moments of trying to figure out what the next thing to do to gain more access to wealth or to grow our little seats are a little money trees, especially sometimes being first generation. Most of our struggles have been in the lack space right, like not necessarily always having...

...enough money. But now you might be the first generation person who actually has some abundant money flowing into your account. Or you can share these tips with your family to try to help them also get the get a little egg for their retirement right and start making these money moves that become a lot better, and I think especially now in two thousand and twenty one, we've seen a huge growth of Lettin us who are also talking about financial advising and where, how to invest your money in stocks, how to get started. But I'm interested in hearing what was the thing that pulled you to this industry? Why did you want to go into financial advising or wealth generation and and what was like? What was the thing that influenced you to get into this industry? So for me, I always tell people I'm like the most unlikely person to be in personal finance because I like did not anticipate talking about money in any way, shape or form as a career well, let alone a hobby. So I definitely came into the personal finance space through the Lens of entrepreneurship. So I am a food blogger. That's my first side hustle. I started that sort of as a creative outlet to escape from like a career that was just super life, you know, it was soul sucking. I just felt very much unaligned with what I felt I needed to do, what I wanted to do, and so once I started learning about side Hustles, entrepreneurship, the ability to generate money on your own without corporate job like that to me was a life changing thing, because the narrative that I had been told the whole time like growing up and, you know, going to college and doing all the things that US first Gen's are like expected to do. You know, you go to school, you got a career, you get the job that gives you a pension, you work for forty five years and you retire. So this idea of like creating an idea that then you could sell and then it becomes the way that you make a living super revolutionary to me, and so that definitely started my path to wanting to understand the true power of money and our true potential to create wealth. For me, it really went to me being a military spouse and when I met my husband, and before I met my husband, I had all these plans, these different plans that didn't involve him because I didn't know him at the time. And when I decided that he was the man that I was going to marry and I knew he was going to go on the military, I I knew that my career was going to be impacted and so when we got married, I knew, with the different moves. I wanted to have a career. I was that woman. I wanted to have a career and I wanted to have my cake and eat it too, and that meant to me that when we had children, I didn't want to have to go to a nine to five jobs. So it was really a started my journey and to what exactly am I going to do, because back in the year two thousand, like the Internet had barely started right, and so these opportunities that we see now we're not there. And so it was just me trying to figure out, okay, if I'm going to work from home, what does this look like? And then later on, you know, this took several years, but it really went to finances, because my husband was always saying, well, you like finances, and there was thus opportunity to get the scholarship with a Finn Rang Foundation, which led me to become an accredited financial counselor. And then from there I'm like, okay, I'm going to I can, I can have clients and and meet with them vs type, and that's where it all started and it's just evolved from there. Would you guys say that the pandemic has been beneficial or affected your business over the last year. Yeah, so, you...

...know, I'm very blessed to say that the pandemic accelerated the growth of my business and I think, you know, for several reasons. I think then was the most obvious is that people were stressed out about money. Everybody was like, what are we going to do? Oh my God, is another recession? You know, everything that I've been working for so hard like it's falling apart, and so many of us have, if we weren't personally affected, we've seen friends of family get furloughed, you know, losing their jobs and seeing the real impact of what that lack of financial literacy can do. And so for me it it definitely made the platform grow exponentially because people were really seeking out financial information and education and, more importantly, I think people are really craving feeling like they are seen by the financial industry. Right, so many of us grew up with this idea that wealth is for white people or rich people, and if you were not one of those two categories, like this is just not even a conversation that we need to be having. And you know that that has definitely been debunked. As people realize like. Oh, you know, we are all impacted by money, we're all impacted by our lack of literacy around financial education and when I when I can find somebody who's talking about this stuff, that understands my cultural upbringing, understands the unique struggles that are part of our communities, it resonates so much more and there's a hunger for the information. So it's been a real blessing to be able to give people a place to come and like commune and learn and share all of the struggles and the triumphs that we're all trying to collectively achieve as a community. For me, as I have definitely experienced growth, but I don't I can't say it was because of the pandemic or if it was just because I've been planning a all these seeds. It's hard to say what that is. But I definitely have experienced growth, especially since I decided to narrow down, because I was once known, my podcast was started as her money matters and when, several years ago, I asked myself, why am I not speaking to Latin has my audience now, so I'm not Dina. Why am I not speaking to Latina's we've got the largest gender wage gap amongst all women, and that's when I decided to shift. It was a hard decision because I had this podcast that had has been successful and large audience. It's had been mentioned by even a true crime podcast like my favorite, murder, I don't know if you're familiar, like they recommended my podcast like murder and finances. I guess it can go hand and yet podcast liberty here now I'm not. I'm sharing that just because I was at at a point where I was getting a lot of climbs because of the podcast, and then I decided, you know what, let me just narrow down to a Latina's and what that I experienced a less downloads because my audience was leaving, the audience that I had gained, but my business grew even bigger. So I think I did right old the conversation I went in a zigzact pattern, but I hope that answered your question. Not a problem. That's one of my favorite traits about listening to letting as a podcast is like we go everywhere, but we all know what we're talking about. So I think that that works. Nor Jen, you just recently had an event. The financially strong Latina and I saw one of the topics was what it means to be financially strong. What would you say in your perspective, how would you define being financially strong as a Latina? For well, it depends on the person, right I want each person to have their own definition and for me at being a financially strong...

Latina means having the confidence, being in control, being okay with making mistakes with that money, because, heck, I do it all the time. And it really means just staying the course and being knowing that you are setting an example for others, knowing that other people are watching you and not and to the extent of other people are watching you, the pressure is on, but knowing that you can make an impact, no matter where you are at and your financial journey, to to other Latiness, to other people that are watching you. So that's what it means to me. Denise, how would you describe being a financially strong Latina? I think when I think of strength, it's a multifaceted thing. So for us to be strong financially, it definitely has to start with education, you know, because there's so many people giving like random advice, even on places like Tick Tock. Now like you know, everybody's a financial expert, but, like, if you don't have the foundation to really understand what the fundamental things you need to be putting in place in order to protect yourself financially, like your emergency fund, like a budget, like an investing planet, like an a state plan, if you're not putting all those things into play, all the stuff that you're going to get thrown at you about what you should be doing is not really going to make sense. So, before you start doing anything that looks like investing or saving or paying down dead or any of that stuff, you need to become financially literate. And it's so easy nowadays to find tons of free resources, like our podcast, like books, Youtube, I mean there's so many places. So that, to me, is the the basis of becoming financially strong. And I would just add, if I may, Rada, I would add that with that, because I love that Jenny's brought that up. And what I would add is just to really, even though there is a ton of information, to trust yourself as to what you need at this moment in time. That's really, really critical, because we we want to do sometimes all the things, but really, and especially when we think, well, that experts know it all, I have to do this. Well, that that thing that they're recommending may not be the thing that you need right now. So it all goes to trusting yourself and really understanding what is it that you need right now. It's not what the experts want you to do, but rather what do you need that is going to move the needle and really allow you to take it to the next level in your financial life. Dennyse you mentioned tick Tock and I think it's really it's awesome right, like it's great pool from marketing, but I also think it's causing a lot of stress in people because it's almost like a lot of the people that are taking to tick tock are experts who are basically giving you three second snippets of how you need to be the best person in the world right now or else right. How do you deal with the pressure, because I know that you utilize tick tock for your business. How do you go about putting forth good educational information for people who follow you? Yeah, I think the important thing to realize about these social media platforms is like they are going to give you nuggets of information and the whole purpose of these platforms is to start peeking your interest so then you actually start doing the work to understand, like what I need to actually be doing. Right. So, if you see somebody on tick tock and it's like you need to start investing x amount of money in your K if you want to never work again, okay, what am I supposed to be investing in? Where do I open this account? Like what? What does that whole process look like? You're not going to get that on tick tock, right. And so the whole purpose, and I think what it should be used as, is just like see what's out there and then you have to do the work. You have to start, like I said, building that foundational information, that education, and start exploring. Okay, so...

...these are all the things people are talking about. What makes sense for me, like what Jen mentioned. And you know, you have to be careful too, because there's a lot of people that are scamming on these platforms right, like they're parading around as personal finance experts, but they're actually like insurance salesman or like multilevel marketing scams or something that. Right, like you'll never work again, just come and sign up for my workshop and I'll teach you how to make a million dollars a month. Right. You got to be very careful with these things and there's no substitute for like trusting your intuition and educating yourself in very different ways so that you're not just getting information from one person. I think that's really dangerous when we start kind of taking those cult personalities and making them the only people that we can listen to. That's usually a red flag, in my opinion. I agree, and one thing that I really respect about Jenny says that even though she she's teaching from her life experiences, she doesn't say you should do this and you need to do that. She has, she shares what has worked for her and she's very clear and I respect that because you really do need to be careful. I didn't know until like maybe this past year there's MLM's for finances. Like I guess maybe I didn't know, but there is another one that someone had contacted me about partnering it up and then I looked it up. I'm like, wait, a minute, what and the heck is this? Why is why does this exist? So you really have to be careful. So think about what we're do some research on that person and who they represent and all that, because you do definitely need to be careful. You need to look for even with the accredited people. I have an accredited financial counseling designation. There's also a certifi financial planners. Just because you have a designation doesn't necessarily mean your trustworthy. So you and I'm not knocking on them, I mean I have a designation, right, I'm not knocking anybody, but you just you need to just like nonprofits, not all nonprofits. I made the same there's a lot of things you need to be very, very careful and do your due diligence. I'm curious. Right, so you guys are both in finance and working on building your wealth. Have there ever been some money wounds that you personally had to move past in order to get to where you are now? Boof that's you know. Where do we begin? I think the biggest one for me has been I recently quit my job to do this thing, like full time entrepreneurship thing, and the level of mindset work that you need to do in order to first like have look cohole has honestly to do that after going to school, getting to degrees, like doing all of those things that my parents said are the pinnacle of success and then just telling them, hey, guys, it's been fun, but I'm going to go do my own thing. You know, the the conversations that I had to have with my family about like why this was important to me and just getting past the fear of judgment and like guilt of making that decision. Woof, that was heavy. That was so heavy because I know, like you know, my parents have sacrificed everything for me to have the opportunity to do all of those traditional things. But I had to remind myself they didn't just sacrifice for you to live one version of your life, they sacrifice everything for you to live the best version of your life. And what does that actually mean to you versus? What does that mean to them? So, you know, we carry a lot of our parents expectations and the pride of the family and so, you know, going against the grain brings up a lot of stuff. It's a journey. It's definitely that guilt factor right, like it's like we're sitting here living their living vicariously through us. But they scared a shitless to get to that point where it's like no, you have to live financially stable,...

...and that means graduate from College, Get a job, do the things I couldn't do, and it's like that's a lot of pressure for somebody. So, yeah, Jen, same question. What about you? What are your money moons? Want money wounds that you needed to work through? I think just a guilt that we were in a better financial spot than some of our finances some of our family members. That, for me, has always been something that has held me back, is filming guilty for having more, feeling guilty for being in a better financial situation. So that definitely has held me back, but I've so I've done some work around that and and really have come to the point of being okay with that, because then I'm able to help, I'm able to give back, I'm able to help family members that they need that, I'm able to give back to organizations that we love, and it's okay to do that. I think we need to, especially because I was brought up in a family where the inniskist you have to be grateful for what you have, and so for me that translated if I already have what I need, that's enough. Why do I need more? Right and that's another shift that I've had to make because for a while, even in business, and that's something that's held me back in business, is well, my hut. Basically, we don't rely on my income for my family. Basically can we live on what? We live off one income and we are able to save and invest on that income. And so for a while, especially the very beginning, I think, because of that, I'm like again, it went back to that story is of we have enough, why do we need more? So my business was very like a very turtle pace right. So I've definitely had to do some work around that and it's a work in progress, because there's still some days where, even though I have improved, whether life happens whatever, that maybe some something sets you back and it's like, oh my Godnessh I have to start over again and doing this work, and it's it's something that you can't permanently fix. Is something that you have to continuously work on and make sure that those thoughts, what use, the thoughts that you are having your head, what you're consuming, who you surround with, helps you and uplifts you absolutely. I think you guys hit on some pretty good points. You know, I know for a fact I struggle with some of these things right, and and my friends too, because we're kind of like in that cusp of moving from one mindset to another where it was like, you know, that that space that we always lived in where it's like Needi Ike, need the I yeah, which seems to be a ongoing beame. That that I hear from a lot of our guests. It's like, you know, we live in this beautiful space of inbetween, but we're also kind of like having to finally release that mindset of not being able to have enough or feeling bad because La Familias die yea most as sienderly net, or what it's like. It's not necessarily our responsibility anymore because, you know, all of that has happened and moved forward and it's our opportunity now to almost take on the ability to be selfish. See, it is Comodio city, a city. If you see that this is siting podcastering the oup Indian, they say so to be and the podcast Consultamente Por cannot. The NEMOSUNA community, conkaine connect that out a thing, Goola Soluction, Latina podcasters network there that connect young a community that the podcasters Eatambienti Latu Propia, bahina and a directoriums Grande, the Latina podcasters in and Mundo. Then Amos LA PLATAFORMA GET CONNECTA, coma DECIDENTA podcasters. No, it's been as must be. City Latina podcasters punt to compare arte, La plataformer must grande demondo.

The podcasters amplify candolas bosses the Latinas. So I wanted to ask you, guys, what are the what is one of the most important money hack tips that you utilize religiously? Jen, I'll start with you. For me is keeping track of those money wins. I and that's just a simple thing to do and really and I don't know if that would be a hack, but it's just a habit that I carry on because you need that to keep you moving and you need that for your confidence and keeping track of those money ones and your progress keeps you going with your finances. Do you use any tools in particular to keep track of your money ones? I keep as simple all the tools of keeping to keep track of money wines. I just could it am my planner, because I use my not digital but paper plan or religiously, and so therefore I keep it in there and then I am able to review it, compile it all together and it's not just necessary money wins, but wins and business everything. But there is a specific you know, specifically I keep track of those money wins as well. I keep it simple. I'm not high tech. What's been your best win this year? Wow, I think my best when this year, and is a good questions because it's been such amazing, an amazing year so far. I think being able to provide for me, I think the financially strong Latina event has been my biggest win, because one being be yonned, besides being able to serve all the attendees, one of the biggest things for me was paying the speakers and a paying the speakers I've well and especially for the first event. So for me that has been like the biggest win, and I know that's not necessarily the personal but on the business level, that for sure. I was very, very proud of that, because it was my first event and paying the speakers was important. Gennie, what is it number one money hack that you live by? Religiously tracking my net worth. That's something that first off I didn't realize like that that was a thing for people who weren't like celebrities, right, because you're alway here, like, you know, beyonce, it's got a billion dollars net worth whatever, but we all have a net worth and sometimes it's negative, sometimes it's zero, sometimes it's positive. It just depends on the journey that you're on, in the stage that you're on in your financial journey. And for me, I really started feeling empowered once I understood what was happening with my money, right, and just the simple things of like knowing who I owe, knowing what I'm what the market is doing with my investments, knowing how much money's coming in. Like that is it allows me to come from a place of power, it allows me to come from a place of like awareness, right, because then, like when you know what's happening with your money, you can make really strategic decisions with it too. And I had to implement that same methodology with my businesses, because I had no idea what the hell what type of money I was making for a very long time because I didn't have an accounting system, I didn't have a way to track my progress with my business. And I actually realized in two thousand and twenty I became financially independent, but I didn't even know that because I had, for the longest time, not been tracking how well my business was doing. Right. So it's just like when you don't know what's happening, you don't know if you're actually in a better position than you think you are. Or, conversely, if you don't know what's happening, you might not know how bad things are and you're not doing anything to change them. Right. So, like it's just about awareness. I think like that's the most important thing. For me. Is like the hack of hacks. Know what the Hell's going on with your money. That's the first step and...

...cannot add to that because I think tracking the net worth is just so important. If you are looking at your net worth, and sometimes it is a negative just keep in mind that. If you're keeping if you even keep a notebook, of okay, this year my net worth was this, it's really a story of your life and that specific time and it allows you to really reflect and think about what was going on in your life at that point in time and how far you've become. And that's another reason. So it's not about tracking it because you need to see a positive number or you know the seven figure number right away. It's about knowing where, like Jenny said, it's about knowing where you're at and it's a story of where you were at that particular time and I think keeping track of that spellcially over the years. You'll have a big appreciation later. Denise, you shared your breakdown for how you made a hundred thousand dollars on social media and I think that that's such a bold and powerful thing to do one because that puts you in a higher tax bracket right and it's great, it really is, but it also serves as like a motivational piece for others that are coming up. So I think that that's such a huge thing that you are very transparent about the breakdown of how you made your money. How did you feel going into thinking about, okay, I'm going to post how I made my money. What was that initial feeling? Honestly, I don't put a lot of thought into this. Probably sounds really wrong, but I don't put a lot of thought like into, oh, how's this going to come off, because I think for me it's so important to like normalize this idea that as women entrepreneurs like we can achieve amazing things and the reason why I feel so compelled to share this data is because less than ten percent of all women owned businesses make over a hundred thousand dollars in revenue a year. So just the fact that I was able to do that, you know I'm beating the statistics. And so for me it's like so important to normalize this idea that, yes, we are also capable of doing this, and I don't want people to think that, like, you know, I'm one of these people who's like, yeah, I'm going to teach you how to sidehull, so I'm going to show you how to make money, but I'm not going to show you how I'm making money. For me, it's like, you know, it's so important to just be an example of what is possible, and I can't really do that without showing you the goods. Right. Sometimes that makes people uncomfortable. That's okay. Like this whole process of creating a business, of pursuing wealth, like all this is uncomfortable. It's uncomfortable because we don't see. It's uncomfortable because we haven't had examples of it. But the more that we normalize talking about this, the more we can open up discussions not only about like what we can achieve in business, but like how much are we make being at our jobs right? How much are you investing? Like all of these conversations start to get opened up and people start really realizing the true potential of what we can achieve as individual so it's you know, it's been fun and I feel like that kind of content really resonates with people more than anything, because it's just like you see what is possible and then that opens up the possibilities for you to even start imagining what's possible. Absolutely and specifically related to the gender wage gap and Letina's you know, looking at something like that is really powerful because I think a lot of times the media portrays our community as less than right and and showing us that the statistics that they're finding works against us, and I think it's very important for us to continue to be very transparent so that we can really start to recreate that landscape and showcase the positive sides of the things that are happening with the Latina community, especially in wealth generation, which is what's going to catapult us on to the next level of you know,...

...second generation, third generation Letinos who at this point won't even have to worry about wealth generation because they'll already be wealthy. I'm so here for that. I know a girl. I'm ready. I'm what has been the most rewarding thing that you've gotten out of your career so far? Are, I think, for me, just fulfilling what I set out to do, having my cake and in it too. Essentially, I've been able to move a ton of times and even though, basically and the The Times that I've been here in the and where we're living right now, this is where we've been primarily in the past six seven years, is where I've pretty much built my business, but I've been able to fulfill what I set up to do in terms of building a career that was mobile and that has allowed me to stay at home with my kids at that was really primary and really really important to me. so that has been fantastic. Yeah, for be it's kind of twofold. So I, for the first time in my life, feel completely aligned with what I do for a living, and that's something that I've been seeking for the longest time. You know, I didn't really ever get the message at home that, like you, could actually love what you do and make a great living doing that. Right. I always just felt like you had to pick one, you'd be super passionate about it. We were probably going to be poor, or you could hate it, but they're going to pay six figures. or I like, wait a minute, y'all, there's a third option. There's actually an opportunity to make money doing something that you truly love and something that can take care of not only you but like your family, future generation and all that stuff. So that's been very, very rewarding. And then from just the impact that the podcast in the business has had on women, especially my side Hustle students like I've been able to help dozens of women create businesses that have opened up their minds to the possibility of entrepreneurship, of financial dependence, of walking away from the corporate jobs, creating something that is one hundred percent there's and that is aligned with their purpose in life like that, to me, is the most rewarding thing ever beautifully said. I mean, you know, and I think one of the things that's so beautiful about what both of you guys are doing is that you're also influencing LETTINA's in general and like giving them a tool or utilizing opportunity to share it with others, whereas, like I know, communally sometimes we are not always the most supportive of each other, right, and you're changing the narrative and making it a very positive thing, where the conversation about finances can always be very uncomfortable. So I wanted to commend you guys for that, because it always warms my heart when people really want to make a change for the future, especially in very challenging topics. Yeah, and I wanted to just add on to what you said, arena, because I know for our field and finance, and makes me so happy when I see more Latina's talking money, like when I saw Jenny's and her podcast. I'm like, finally someone else, help me, help me, I can't do this alone, right. So I think that's important for me. I don't see this when I see other Latina's talking, talking about money. I see this, this is a collaborative effort, because I don't tie ex side hustles of like Jenny's does. I have my own I stay in my zone and genius, right, and I think that's important. In the more Latinas that we get talking money, they bring in their own not only perspective, experience, but their own skills that we we just need it all, we need more, and so it...

...just it just makes me happy just seen specially. I think, I don't know what you think, Jenny's, but I think since the time I've known you, which has been probably maybe, I don't know, a year or so, yes, I think more and more Latin as I'm seeing more and more that they us talk money and that I'm just like this is what this is what we need, especially because I've been at this for a while but not always specifically talking to Latina. So it just it's it helped. Makes me happy absolutely. And Jen you know, I don't know if you realize how much of a groundbreaker you are. Like you existing in this podcast space and being Latin and talking about money gave me permission to do that. So, you know, if I hadn't seen you, I probably would have been like, you know what, maybe this is just not something that anybody cares about, but the fact that your platform already existed gave me the courage and the hope to be like, okay, somebody cares about this, maybe I can add something to the conversation. So thank you for all the work that you do. Oh my gosh, thank you. Well, thank you for being here too, because I can't do this so low. It's a journey. It's a lot. Y'All were sure. Absolutely, is really interesting. Jen, I think, has influenced so many people too, and obviously a lot of the growth of letting a podcasters guy contribute to her always champion and us and just being, you know, a pillar in these spaces. So thank you so much for the work that you do for us. You never know who you're going to impact and even though you're in your lane doing your own thing, we're all beating off of each other and each other's energy in these spaces. You know, I took a different direction, but it's just something that continues to to work, you know, and I think that sharing that energy and knowing that there's no competition in this space, but more of a collaborative place for all of us to continue growing, I think we'll see more and more people growing off of that. Yeah, I agree with you and I feel, like you know, for the longest time we've been othered by everyone else, and so there is nothing beneficial about US continuing that same vibe within ourselves. Like we know that if we are going to elevate as a community. It starts with each one of us taking responsibility and accountability for each other's growth and being that leader, being that cheerleader, being the support that we know we didn't have right and so I see it across, you know, social media, I see it across podcast like there's so much eagerness to collaborate and network because we for the longest time I've just felt like isolated, like nobody cares about this stuff. But we know, we know better now, right, and I think too, and I know this conversation isn't just about the gender wage gap, but I think the more we're talking about money, the more that the you knows that we have talking money, the the really the not the faster, but the more of an impact that we're going to have in narrowing that because there's once a year we get in raw raw. We need to we need equal pay, and that's all well and good, but the fact is that that gender wage gap is so much, much more complex with than that. It's not yes, companies need to pay more, got it. That's perfect, but I think that work comes from within. It's also understanding that we take pauses at heck, I took a pause when I have my kids, and so that knowing the importance of investing and building wealth when you're taking that pause from your career or how you're making money and really understanding the impact of that long term is important. So I'm derailing the conversation again. Be All that to say that is just important to speak talk money where with your with your friends, with other Latin nuds, and really the work with it. Were literally the work starts with from within in terms of narrowing that gender wage gap, and we have a long ways to go, but I know collaboratively we can do it. You know,...

...moving a little bit away from the when the gender wage gap and but also going into you know, it's not just a week that we need to focus on gender wage. It's not just a month that we need to focus on the Lettino, Latin x lettina culture in the US. It's basically figuring out how we can create our space and create that footprint where it's no longer a question right, like it's actually accessible and everyone doesn't make it seem like, you know, Taco Tuesdays is just part of our cultural makeup. Right, it's like we're all here and finding a space for you guys not to just like generalize us on one month, from September the fifteen to October the fifteen, which, let's be honest, that's not a month. Obviously I have my own personal issues on these things, but I agree with you guys a hundred percent. And the one thing, and I'm going to say this in Sanial, say holy you don't go no so those because they forgot that we actually support each other in these spaces and we want to see our community grow. So, that being said, there's so much positivity that's coming out of this generation, the next generation and the continued on generations, from the let you knows that are here in the US and those that continue to come up here. There's just the opportunity is endless and we creep, we create those things now and I just love the fact that, like you know, the day I have children, they're not going to have to they don't need to think outside the box, they don't have to be the creator because that space was already done for them. Like you're digging in the trenches, which sucks sometimes as a solo preneer, but would have been what has been the biggest challenge for each one of you as a solo preneur. I think for me, because I I work from home, is really establishing those boundaries. Once the boys come home, like I don't need to continue working. So it's establishing the hibs boundaries of when might when I'm going to be working. And it's also easy to not work. I mean I don't find myself. There are days that I just like I'm not going to work, I'm going to go bench some let Netflix. There are some days that I do that. I don't make it. have it. But I think the boundaries of working, the boundaries of also as well as making sure that the household contributes, that it's not just me cooking, you know, cleaning. I had told my husband from the get go I am not that traditional housewife in my if you get married to me, you're also going to cook, clean and all that stuff, and my boys, my boys, know that. So it's really making sure that that continues. That's that's a challenge, because people get lift busy and I'm like Hey, I'm busy too. Let's get it together, come on, let's go. So for me, the boundaries and really making sure that everybody contributes so it does not Paul on me. Hello, you got things to do. I think for me it's been two main ones that stick out in my head. The first one is I'm super type A. I'm a control freak. So for the longest time I thought I had to do everything. I had to be the CEO, the Accountant, the social media manager, the podcast editor, the Freakin marketing expert, all the things right and like, okay, fine, there's some merit to understanding those different aspects of your business, but should you be doing all of them? Absolutely not. Like, girl relax, especially if you're starting your business as a side hustle and then working a fulltime job. But that's a great recipe for no sleep, you know, no kind of self care, no type of mental health, you're just going to be a hot ass mess, and I was a hot mess for the longest time. So I had to learn the beauty and the magic of outsourcing, of paying other people to do these things, because I gotta sleep, I gotta get my work out in,...

...like I have to start taking care of myself because, you know the I'm not getting any younger. That is something I had a very hard time doing, you know, because I of course you just you have this fear about, like you being the only person who can do all this stuff, and it's just not it's not true, and I think that just gets tied to us as women, like we're always programmed. You don't ask anybody for help, like you figured it out, right. You got to figure it out, girl. Don't you dare go making it seem like that you can't handle it all, because then everybody's going to judge you. So that's you. We got to unlearned that toxic patriarchy nonsense that's been fed to us. And then charging what I want to make. Okay, not even what I'm worth, what I want to make. It's not necessary. The same thing, right, because, like your Selfworth could be very misaligned with, like the value of your skills. And so, in order for you to make your business profitable, like, you can't be giving away everything, you can't be like doing all the free content, you can't be having discounts all the time, you can't be, you know, given all the favors, because we're running a business. We're not running nonprofits here, like you know, you can do that on your free time, but, like, I got bills to pay. So I just really started getting uncomfortable with my pricing, like if I wasn't feeling uncomfortable, I was like this is not high enough. And it's funny because I feel like the more I charge, the more business I get. And it sounds insane, but people value what they pay for and if you have, you know, your little hooped a thousand dollar car, or you have like your Fiftyzero BMW, you're going to take care of those two things very differently. You're going to appreciate them, you're going to go the extra mile for the thing that you paid for more. And I've seen that translate through my business, like the more I charge, the more people are like, wow, I got value here, so raise your prices, y'all. Yeah, I think I think that's important and being okay with saying no, being okay with saying now. I that was something I was not good at. I'm like yeah, okay, I'll help, but no. I've really have started to say more often, especially because I still get these inquiries, oh, can you come speak? And then they don't have a budget. I know, I know, hi, don't do it, but I think it's also important that we start. We may not have the money to live our dream life yet, but what can you do right now to start living it? And I think doing that helps, helps you, motivates you, keeps you in action. It does so many things, and that's something that I've been working on doing more and more is just really living. How do I want to live and what are some things that I can do right now to really live that Dream Life? There's some things that doesn't really doesn't cost a lot of money, like some shifts in the house. I don't know what, because you're environment really impacts how you feel and what how you feel impacts that decisions that you make right so I think that's really really critical and important. Yes, outsourcing belongs in the home to like go pay somebody to clean your house, do your laundry, whatever you need to do. If you need some extra hours to work on your business and you don't have the time to be freaking mopping the floor, go either find your husband or your partner to outsource the work to them or hire a third party. Yeah, no more fighting about dirty dishes, y'all. That's getting old. Just hire somebody to help. I will never forget the first time I had somebody come clean my house. My mom cleaned houses. When we were kids growing up, we cleaned houses with her. I mean it wasn't a thing. You know right. I think everybody either has that story or nurse know someone with that story. But I remember the first time she came to...

...visit me and she was like, if you're going to be working this hard, you're going to need somebody to help you, because I'm not going to come to your house. You stop. Bought the JARLA and I was like okay, and then she got someone who came and helped in like reorganize my whole closet and everything, and I was like, I'll give you whatever you want. Please come back, but it yeah, I absolutely agree with you a hundred percent. We have to get into that space of Hey, man, it's okay. We don't have to do everything, we don't have to be super women, like you know. We can be good at one thing and that one thing and can be the thing that gives us the money to pay for the other things, and it's all about protecting your space and being very like mindful of how much you're spending, even time. I'm so glad you said that, Rada, because I feel like so much of our time can get sucked up by these things that don't even advance the cause. Right, like what is spending three hours cleaning your house on a Saturday going to do for your bottom line? Not a damn thing. That's time that you could be spending building a new product to sell in your business. Right, like we have to get out of this idea that like we're not being the best wives and mothers and whatever like just because we don't want to clean the damn house every week. Like, I want to make money. That's that's what I want to do, that's what I'm good at. So giving yourself the space. Yeah, I mean, the only thing I think it ever brings to me cleaning the house is finding out what the new songs are on the right. Y'All remember waking up in the morning. Music's super loud, blasting, like whatever side is Hammiting, give at chat that Boomta, whatever you listen to. It's like that's what I remember, and that's not a memory I want to keep in my mind anymore. No, those those mornings were traumatic, absolutely, but very important. Here we are now, right like talking about it on a podcast, and it's like those are the memories it that I think you are very important too, because it does give us like that cultural connection, right. And speaking of cultural connections, what does culture mean to you in your in Your Business, like how do you obviously you're very specific to you know working with Latin has, but how does Culture Affect Your Business? So, you know, it's funny because when I was first starting the podcast, I knew I wanted to talk to Latinas, but I wasn't sure what that sounded like when it came to money, and I think that comes down to just lack of representation and understanding. Like how do we talk about this stuff? I don't know. No, what's talking about it right? So I initially thought like I just had to approach this the same way that like, you know, the famous white males of personal finance do, and I quickly found like that was not aligned with who I am, that's not align with the messaging that I wanted, and so I had to kind of take a step back and be like look, if you were talking to your girlfriends about this, like how would we talk about this? And that is honestly, like the whole vibe of the podcast. It's really just like imagining where a Brunch like just gossiping about money, right, and talking about all the things that we're doing. So for me, culture is everything. I mean it's the Lens through which I talked about this, and so we're not just talking about, you know, why you should have a budget and why you should invest in your fork. We're talking about things that that we as Latinas are confronting every single day, like how do I plan for my parents retirement and mine, because I know they don't have any money, right, or how do I support my family with emergencies? Oh, so that means I need to have a separate emergency fund, right, like there's just things that are a part of our experience that personal financial doesn't acknowledge is a problem or a thing or an obstacle, and so I really try...

...to put that Lens in all of the content that I create and the discussions that I have in the podcast with guests. Right, we talked about our money traumas, we talked about what we learned or didn't learn about money. We talked about all of the things that shaped us, because we have a lot in common when it comes to the lack of literacy and the more that we normalize acknowledging that the more we can get the shame and the guilt that is always been associated with money in our culture out of the discussion, right because it's like if we all going through this and not going to be ashamed about agreed, and I think, like Jenny's, for me is just talking to like talking to my friends. That's how I definitely do my podcast because I like to talk and I like to talk to my friends, I like to talk money. So it just comes naturally to me and I think what when it comes to culture, just being a Latina, but I also really try to think, because the Latin x community is diverse and a cell. So I there's the recent immigrants, the second generation Latin xt there's people like me that was was born an American citizen. I didn't immigrate, so I've had this privilege right, but I am not the Ingo through and through. I'm also white, but I, you know, claim that the Latina through and through, and so I really look at it from the Lens of what who is in our community. So again, the recent immigrants, the doctor recipients, they each have a different nuance with money that we have to take into consideration. So there's a lot of things that I'm doing to learn about that right now and in organizations that I'm doing some work with, to really do some research and to have a better understanding so I can better serve because before I was only able to serve those in a similar situation like me, and I need to be able to understand. Since I'm not an immigrant, how can I claim to have an understanding of what immigrants have gone through right I can't serve them well until I really understand. So I think just having that lens of really understanding the nuances of the different subgroups in our community is important to what is something that you would tell your eighteen year old self about money management? You mean right now, because I'm maintained at this very moment I'm getting exactly. Yeah, if to my eighteen year old self, I would just say to really be okay with a journey, to be okay with making mistakes. You don't have to get it right from the bat because you're just setting up yourself for fill your that way, but just being okay with making mistakes, being okay just getting in there and creating a budget and and going over the budget or setting up an investment and then maybe it wasn't the right investment, but you're trying. This is how you learn. Your learn from doing things, making mistakes and and this is how we learned. So I think I would. I would say that because when I was eighteen, I had all these plans of investing in real estate and making sure that I was really building that wealth, but I didn't know how I was gonna do it. I just had these big dreams and what I think helped me was that I wasn't afraid to just jump in right there were still still some stumbles along the way, for sure, and I still stumble, but I was I keep pressing. I do not give up, no matter anytimes I have failed. That might be the taurist of me. I'm so darned stubborn. I keep going. I don't care, I doesn't matter. So anyway, stilled it again, but that's my answer. Ten, when is your birthday?...

I'm a tourist to May night. Oh my God, I'm the second. I love it. Okay, why? We understand each other as when we get it, that's where we get it, and we're like by any means necessary. That's kind of like the the motto, Right. You know, if if I could go back and tell my eighteen year old self what I know now. Money will never be enough, and so I say that because I was convinced that money could buy happiness, y'all, and what I was actually seeking was freedom, freedom to dictate what my life look like, how my days would unfold, how I earn a living, who gives me permission to do things, who doesn't write like I just I didn't realize it at the time, but I mean, I've been a rebel since I was a kid. I've always kind of been anti authority, like, please, don't tell me what to do, because I'm going to don't tell me what not to do, because then I'm going to do it twice and I'm going to take pictures and we're all going to watch me break in the rules together. That's kind of how I in my life and you know, it's a great path to entrepreneurship, is going against the grain, but I didn't even know that that was a possibility for me. And you know, if I could go back and say, girl, just because you don't want to conform to what society things you should be doing, what your parents think you should be doing, doesn't make you a bad person just makes you different and you got to figure out what that different is going to look like. Are you looking for binge friendly podcast created by LETTINA's or Latin X voices like yours and mine? Latina podcasterscom is the largest platform globally amplifying the voices of Latina podcasters. To find your newest addiction in Selfhelp, spirituality, religion, sexuality and so much more. Go to Latina podcasterscom. There are over seventy podcasts for you to listen to, and if you're a podcaster, you can also add your podcast to the directory. Go to Latina podcasterscom for more information. A ladies, it's been so awesome having you on the show. Is there anything else you would like to share with everybody who's listening about money tips before we go into and Boda, Latina's power our and ask the rapid fire questions? I think for me it's, you know, it sounds very like woo or whatever, like mindset, but I'm so big into mindset, like I feel like it's the foundation of US really just starting to change our lives, and what I want to leave people with is every day is a new chance to change your life and it's you know, when you think about the journey through life in general, it's just a series of decisions and the consequences of those decisions. So every day you can choose different you can decide to do something different and see what happens. Right like, the only guarantee you have is if you keep doing the same damn thing, you probably going to wake up every morning to the same damn thing. So if you're over it, if you're tired of being, you know, financially stressed, if you're tired or feeling like you don't know what the Hell's going on, you're tired of feeling like you're just spitting your wheels, try doing something different and see what happens. I would say is really create that vision of how you want to live and don't take it. I don't deserve this, who am I? And don't let that mind stuff because, like Jenny's mindset is huge for me. Don't let that stuff get on the way, but instead creating that vision of how you want to live. I think it's important. I know for me that something I've done and sometimes I pause doing it because I remember when I was younger and before I you know, I failed a lot and right before I got into the real world, the people always saying you, you're so lucky. I just had this vision. Is Somehow those things would happen,...

...and I don't think it was because I was lucky. It is that I'll allow myself permission to receive those things. And and why? Because I had the vision and I was okay with that vision and didn't judge myself. Oh, I don't deserve it's like, why not? Why can't we have these things? I just allow and of yourself permission to receive because we are all deserving. I love that. And as we continue to grow in the community and in the space, in the US, all over the country, all over the world, honestly, Latina's are going to be a powerhouse. We already are, but giving us the ability to step into our power and say, you're deserving of any life that you want, and it doesn't matter where you start from. You just have to give yourself, like, like you said, the mindset and you know, just the will in the power to want to do it and give yourself. Give yourself the space to write, like, give yourself the ability to forgive yourself and move forward. Okay, ladies and we Ja Gallo Alaoa, the in Bullamiento, or the power hour for in Bodida Latina. PODCAST. Now the rules to the game are I'm going to ask you a question and you're going to answer it with the first question that comes the first answer that comes to your mind. Okay, if the least us so it's good. All right, do it. Let's do it. Okay, let's go right. Let's show me. Okay, Jen what was the last song you listen to? On spotify? There's a song from this series Lanina a by a group called team book too. I don't know if you know. That's not I love that. That was just and I was listening to it at the gym and and it's a very slow it's like a very slow but I'll have to share with you. I love that song. I I would sing it, but you know, we don't want to break the Internet right now. No worries, Jennie. For me it was you're not goony, by bad bunny. I need to learn Japanese so that I can sing last part of the song, because apparently that's what we're doing now. We're makingdegguet thing with Japanese, and I'm so here for it. Yes, yes, all the cultural shifts. We love this. Geni's what was your favorite meal growing up? Fast alone. So if you don't know what Brocelon is, it is Puerto Rican lasagna. It's sweet pintains, ground meat, cheese, all baked in layers and it's my last meal on Earth if I have any choice about it. That sounds delicious. Jen For me is a Hiako, a hiako Ad Cola Yaco Colombiano that has like a soup that has everything, is so filling, but it really has the key and Kredient that I think for me is a key ingredient is an Wakatte. I cannot live without Aguakatte. So that's that's for me. You know, I'm going to share something with everybody who's listening, because I'm pretty sure those who have been listening to the other episodes. It cracks me up because whenever we get to this question and answer now one person who's been on the episode can rapid fire and just answer with one answer. Everyone goes into like a full blown description and I absolutely love it because I'm like, it literally is. Everybody does the same thing they like, and let me explain to you this is what it and I'm like, I love it, I love it. Okay, well, I'M gonna keep it short. The next I know no words, denise. Who's WHO's your favorite family member? My Mom, Jen, you're making it hard. I'm going to choose my husband, so that way I don't have to choose in between my two boys, my husband, your husband. Let's see. Do you have any superstitions, Ganie,...

...no, I do not. I'm very much science oriented person. I don't believe in any of that nonsense. Jen, I normally don't, but me I what he thought she create. She made this little little bag that has little things that keeps me safe from Anano, his suice and and I care that with me all the time. So I don't know if his supertition but superstition, but for me I feel like that keeps me safe. What did LAN novels did you watch growing up? Oh my goodness, well, it depends on like what, because I wasn't Columbia to a certain time and then I was here when I was younger, or when I was eight years old, and I didn't watch any tell Nola's like he spun US growing up. In terms of when I was here, in the US. That's a hard question. I don't have an answer. Can I tell you what I watch right now? Sure, can I just you know, because I'm a fighter, I'm going to break the rules. I'm watching is called cafe going, not on my them heard. It's just this, this Q. Just. Yeah, I'm watching that every single night at ten PM. So if you want to join me, Santa Damundo, and I love it. Sounds good. And as one, not that I know. My L Gonnabiana, okay, nice, and every ms I was always forced to watch days of our lives with my mother on NBC. She made me like responsible for playing the repressing the record button on the freaking BCR and if her no, that lat did not get recorded. I view. You didn't even want to be in the house. It was. It was you were just asking for problems. Oh yeah, girl, I was a one life to live girl, so I get it, like all right. Last question. What was your nickname growing up? Jlo, but with the tea, since my last name is Torres and I big, but so it's pretty self explanatory. I love it. Jen, what was your nickname? I didn't I don't think I had a nickname, but my grandmother always call me chat the Ga. I think my nose, something about my nose, so that's the only thing I remember. Well, ladies, it has been such an awesome pleasure to have you both on today talking about how to be financially strong, Latinas and wealth wound diminishing. I guess right, like getting rid of the wealth wounds. How can everybody get a hold of you? Really? Simply Jen Hemp Hill. On my website and on Instagram, Jen Hemp Hill, or heard the nettle matters, you can find me at you'll get to the nettle podcastcom. There you'll find all my social media links, the podcast and all the random things that I am doing over there. Thanks for tuning in to and Bodida Latina podcast with your host read Aboutista. I'm hoping that you got a chance to fill yourself up with amazing, empowering stories from Latina's like you and I. For more information on Latina podcasters network, go to Latina podcasterscom. We also have a directory of over seventy podcast listed there, all made by Latina and Latin X podcasters. Follow us on Instagram, facebook and all your social media platforms, and don't forget to rate and subscribe to this podcast and remember keep.

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