142. Money Talk: Debt Payoff, Building Wealth, Emergency Funds, and Money Mindset
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, excluding the mortgage. During her journey, she’s shared helpful tips, and since paying off her debt, she’s shared how she is currently investing her money, including 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 payoff
22:03 Types of debt payoff methods
29:17 Tips for those living paycheck to paycheck
39:50 Ideas for what to do with your money, including the importance of emergency funds
49.31 Money mindset
57:18 Homeownership, life insurance, generational wealth
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