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Diabetes Digital Podcast by Food Heaven

Building Generational Wealth: Investing and Roth IRAs

Diabetes Digital Podcast by Food Heaven

Wendy Lopez, Jessica Jones

Nutrition, Health & Fitness

4.92.4K Ratings

🗓️ 11 November 2020

⏱️ 44 minutes

🧾️ Download transcript

Summary

Last week we spoke with attorney Jala Eaton about generational wealth and estate planning. She has so much valuable information to share, and so this week we’re doing a part two to build on last week's conversation!    In This Episode We’ll Cover: • What generational wealth means and practical ways to build it • Conventional and nonconventional ways to build assets  • The power of compound interest and how it works • Ways to build wealth when you don’t have much money • What a trust is and who should consider having one + MORE!  3 Ways You Can Support This Podcast: • Rate • Review • Support our sponsors using our unique ‘HOOKUP’ codes below HOOKUP CODES: • panasonickitchen.com • nurish.com  For our resources and shownotes, visit foodheavenmadeeasy.com/podcast. Produced by Dear Media See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

The following podcast is a deer media production.

0:03.0

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0:05.7

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0:09.5

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0:12.1

there's a number one pharmacist recommended vitamin and supplement brand.

0:15.4

Visit nourish.com to create your personalized vitamin package today.

0:19.5

Hi, I'm Wendy. And I'm Jess and you're listening to the Food Heaven Podcast.

0:23.4

Your online resource for inclusive and accessible wellness.

0:30.0

Hello, everyone. We're back. We have another great episode for you.

0:43.2

This is actually a part two. So last week's episode where we're going to be speaking with

0:48.4

Jela Eaton and Jess. For those of you who didn't tune in, what did we talk about last week?

0:53.6

Yeah, so last week was amazing. She talked all about estate planning. So Jela is an

0:59.5

attorney. She's licensed for practice law in California. And she specializes in a state

1:04.1

planning and contract law and also financial literacy and wellness, particularly

1:10.5

for folks in the black community who maybe haven't had this knowledge kind of passed down

1:16.5

to them like from one generation to another. So the conversation was just so robust.

1:21.8

Last time that we didn't even get to the topic that we're going to talk about today, which is

1:27.1

building that generational wealth and like some of the financial considerations

1:31.8

to think about when it comes to that aspect of things. So Wendy, I'm curious like what were your

1:37.2

biggest takeaways from this episode? Well, you know, I think the whole concept of generational wealth,

1:42.2

to me is kind of vague. Like it's a very, it's a buzzword, especially on social media. And I

1:49.9

don't really know that I had a full understanding of what that meant until talking with Jela.

...

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