1055: Black Wealth Matters: Stephanie Vaught, Founder of Social Money Finance

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 12 June 2020

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stephanie Vaught, J.D. is a Gen X Financial Coach and Founder of Social Money Finance, LLC. Her company specializes in teaching effective money management and helping people build a life they love. Stephanie was born and raised in Detroit, MI. She attended Detroit Public Schools and received a B.A. from Michigan State University in 2000. In 2007, Stephanie graduated with a Juris Doctor and concentration in Litigation from Thomas M. Cooley Law School. She has spent most of her professional career in law and community advocacy. In 2009, Stephanie developed a profound interest in personal finance – mostly based on the need to manage her own household and entrepreneurial endeavors. In 2015, Stephanie made a career shift and became a certified financial counselor. She began working with a financial nonprofit counseling and educating thousands of people across the country about financial literacy and helping them to reach their personal financial goals. In 2018, Stephanie decided to take her financial knowledge coupled with her legal skills and experience back to a community of her peers and founded Social Money Finance, LLC. Her mission is to empower people to increase their financial literacy, challenge unproductive money habits, and improve their financial place for themselves and their family. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So Money episode 1055, Black Wealth Matters with Stephanie Vaughn, founder of Social Money Finance.
0:07.0	You're listening to So Money, with award-winning Money Guru Farnu Farnou Shkorabi.
0:12.0	Each day get a 30 minute dose of financial
0:15.0	inspiration from the world's top business minds, authors, influencers, and
0:19.5	from Farnu's yourself. Looking for ways to save on gas or double your double coupons?
0:25.0	Sorry, you're in the wrong place.
0:28.0	Seeking profound ways to live a richer, happier life.
0:31.0	Welcome to So Money.
0:34.0	Black people are disproportionately dying from this illness,
0:39.0	but in addition to that, we are still suffering at the hands of racism.
0:44.4	There's still wealth disparities.
0:46.4	There's still poverty going on in the black communities.
0:50.0	It is really just a revolutionary time in history and I think people from everywhere are beginning to pay more attention.
1:00.0	Welcome back to So Money, everybody. I'm your host, Farnuish Tarabi. In our latest installment in our Black Wealth Matters series, we have Stephanie Vott joining. She is an attorney and Generation X financial coach and founder of Social Money Finance.
1:15.2	Stephanie was born and raised in Detroit and has spent most of her professional career
1:20.4	in law and community advocacy, and now she's turning her focus to personal finance
1:25.6	to empower people to increase their financial literacy, challenge
1:29.1	unproductive money habits and improve their financial place for themselves and their families.
1:35.3	With Stephanie's background in law and community planning had many questions for her related
1:39.7	to the current events, the protests, the marches, how impactful does she find them?
1:44.8	Why are we now suddenly all more interested in racial justice?
1:48.4	And a little history lesson on Detroit.
	...

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