Ep. 301 - Roadmap to Financial Freedom with Clever Girl Finance Founder, Bola Sokunbi

Almost 30

Krista Williams & Lindsey Simcik

Alternative Health, Self-improvement, Health & Fitness, Education

4.5 • 4K Ratings

🗓️ 25 February 2020

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

THE INTERVIEW Today we are talking about financial wellness with the founder and CEO of Clever Girl Finance, Bola Sokunbi! We kick the conversation off by asking Bola about her story. She shares her mom’s uncommon journey of graduating from college and working multiple jobs in Nigeria, and how that instilled dedication and inspiration in her to do the same. Bola explains the top ways she was able to save 100k out of college, and how she grew her side-hustles during that time. Bola is adamant about there being no shame in having side-hustles to save or pay off your debt. She details the two approaches to paying off your debt, along with the three key ways to invest and percentages for budgeting. We also talk about emotions behind money, being honest with yourself about your spending, and why you may want to shift your circle of influence. To wrap up our money-talk, Bola shares her experience as a woman of color in the finance industry. We also talk about: Bola’s dad’s view of formal education What went into Bola’s decision to buy a house Ways to increase your income What to do if you’re buying a home outside of marriage Communicating with your partner about finances How to recession-proof your finances Find more to love at almost30podcast.com! Resources: Learn more: clevergirlfinance.com Instagram: @clevergirlfinance Listen: The Clever Girls Know Podcast Upcoming Events: February 29th: Digital Workshop with Jenna Zoe May 5th - 8th: Almost 30 Retreat at Calamigos Ranch Malibu This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy Chartable - https://chartable.com/privacy Podsights - https://podsights.com/privacy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's important that when people think about debt,
0:02.3	they think about it in the sense that this is business.
0:05.4	It's business for your creditors.
0:07.3	And their goal is to keep you in the life cycle of that debt
0:10.5	for as long as it's legally allowable.
0:13.1	So when they tell you, oh, we can offer you
0:15.6	this really little minimum payments
0:17.1	or some creditors will say you have the option
0:19.7	to skip payments, don't do it.
0:22.1	Because what's happening is that the longer you pay
0:25.1	minimum payments, it allows them to earn the maximum amount
0:28.8	of money from you as their product on interest.
0:32.0	So minimum payments are not your friend.
0:40.9	You're listening to the Almost 30 podcast
0:43.2	hosted by Christopher Williams and Lindsey Simpsick.
0:46.0	Almost 30 started as a conversation
0:48.1	about the transition from our 20s to our 30s.
0:51.1	But then we realized life is full of transitions.
0:54.6	So we expanded our mission.
0:56.5	We are an intuition led wellness-focused lifestyle podcast
1:00.4	that promises to deliver authentic conversations,
1:03.0	diverse points of view, and insights rooted
	...

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