In this episode, we hear from Jasper Smith on financial planning and disrupting generational poverty in the Black community.
Jasper is a financial service professional who is passionate about helping people in his community not only become financially literate but also learn strategies to set up future generations for financial independence as well.
Jasper thinks that if we make financial planning cool that more people in our community would take it seriously. He believes that financial planning is essential for everyone, regardless of their background or income level. And is frustrated by the lack of financial education in many communities.
We discussed:
• Why Financial Planning is Important
• How proper financial planning can help people achieve their financial goals, such as saving for retirement, buying a home, or sending their children to college.
• Essential accounts to build a financial foundation for your children (26:58)
• Financial planning is especially important for people who are from low-income families.
• The importance of life insurance (15:30)
• Financial planning is one way to disrupt generational poverty.
• He argues that by teaching people about money and how to manage it, we can help them break the cycle of poverty.
• Ask anyone who gives your kids gifts to stop and give money to the child instead
Jasper shares his Parent Cheat Codes a tool that can help parents teach their children about money. It helps parents talk to children about money early, setting a good example, and teaching children about saving and investing.
Connect with Jasper: Instagram - @mr_buildwealth | LinkedIn (https://www.linkedin.com/in/mrjaspersmith/) | website (https://www.thebuildwealthmovement.com)
Bio: Jasper, also known as Mr. #BuildWealth (the hashtag is silent), has been involved in the financial services arena for nearly fifteen years. He is the chief visionary behind a financial education company called The #BuildWealth Movement™. He works tirelessly to disrupt generational poverty™ for everyone, so their kids, kids, kids can live a life of privilege.
Jasper is another awesome guest from PodMatch (https://www.joinpodmatch.com/jrosemarie)
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