847: Cate Luzio, Founder of Luminary

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 13 February 2019

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

So often we hear about startups taking investor dollars, or venture capital, or taking on debt to start a business. Our show today highlights one woman, Cate Luzio, and how she, thanks to her consistent savings over the years, afforded her own way to launching her business and becoming an entrepreneur. She just decided a year ago to launch Luminary; a new collaboration hub in New York dedicated to providing women with a beautiful and functional space to work and grow their network. Prior to forming Luminary, Cate was the Executive Vice President and Global Head of multinational corporate banking at HSBC. There, she was responsible for roughly $2 billion = in revenue and teams globally in 55 countries. Cate and I discuss the impetus for her transition into entrepreneurship. We also talk about the reasons behind what seems to be a stagnant level of women in the workplace since the 1980s. Also, couldn’t let her go without asking her about some of the money memories from childhood that shaped her perspectives today. To learn more about Cate and Luminary, please visit https://www.luminary-nyc.com/ and follow her on Instagram @BeaLuminary. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So Money episode 847, Kate Lusio, founder of Loominary.
0:06.3	You're listening to So Money, with award-winning money guru Farnu Shorabi.
0:10.8	Each day get a 30 minute dose of financial inspiration from the world's top business
0:15.4	minds, authors, influencers, and from Farnuks yourself. Looking for ways to save on gas or
0:22.3	double your double coupons?
0:24.0	Sorry, you're in the wrong place.
0:26.0	Seeking profound ways to live a richer, happier life.
0:29.0	Welcome to So Money.
0:32.0	I didn't take any funds, I had so fun of this and the reason I could do that was back to the
0:38.0	money question is I saved my money, right?
0:41.2	I've, the bonuses that we get as bankers, I put that into savings and I didn't
0:47.7	live above my means and so I could take that, didn't know I was going to do that, But then when the push came to shop, it was like, why not?
0:56.0	So often we hear about startups taking investor dollars or venture capital or taking on debt to start a business.
1:03.8	Our show today highlights one woman, Kate Lusio, and how she, thanks to her consistent savings
1:09.7	over the years, afforded her own way to launching her business and becoming an
1:15.0	entrepreneur. She just decided a year ago to launch Loominary, a new collaboration
1:20.6	hub in New York dedicated to providing women with a beautiful and
1:24.1	functional space to work and grow their network. Prior to forming Loominary
1:29.1	Kate was the Executive Vice President and Global Head of Multinational Corporate Banking at HSBC.
1:36.4	There she was responsible for roughly $2 billion in revenue and teams globally in 55 countries.
1:44.0	Kate and I discuss the impetus for her transition into entrepreneurship.
1:49.0	We also talk about the reasons behind what seems to be a stagnant level of women in the
	...

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