142. Money Talk: Debt Pay Off, Building Wealth, Emergency Funds, and Money Mindset

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Latosha Thomas began to share her debt-free journey on Instagram in June 2020. Since then, she has paid down over 32k, becoming debt-free, mortgage excluded. During her journey, she’s shared helpful tips, and since paying off her debt, she’s shared how she is currently investing her money to include adding more to retirement and beefing up her savings.

This episode talks about how a vision board party and an accountability group impacted her journey. We also discuss knowing your numbers, money and relationships⁠, the importance of consuming financial content, and money mindset. This episode is chock-full of actionable items, inspiration, and different approaches to tackling debt and obtaining wealth. Lastly, we say a few words about homeownership, life insurance, and generational wealth.

DISCLAIMER: We’re not financial planners, we’re just sharing our stories and we hope you can learn from them. For major financial decisions make an appointment with a certified financial planner.

Timestamps

17: 53 Knowing your numbers and organizing debt pay off
22:03 Types of debt pay off methods
29:17 Tips for those living paycheck to paycheck
39:50 Ideas for what to do with your money to include the importance of emergency funds
49.31 Money mindset
57:18 Homeownership, life insurance, generational wealth

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Link Love

• annualcreditreport.com
• We Should All Be Millionaires: A Woman’s Guide to Earning More, Building Wealth, and Gaining Economic Power Kindle Edition by Rachel Rodgers
• Accountability Group Application (if open, link will be in IG bio)

Finance (Nache’s Favs)

• thefrugalfeminista.com (finance blogger and author) (🔊S78 episode 75)
• thekeyresource.com (real estate investor)
• thefinancebar.com (coaching and members club) (🔊S78 episode 03)
• thebudgetnista.com
• michellesingletary.com

Latosha Thomas

Website: latoshanthomas.com
Instagram: @latosha_n_thomas
LinkedIn: Latosha Thomas

Studio 78 Podcast

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