Episode 299- How Service Workers Can Achieve Financial Freedom & Increase Their Financial Health with Barbara Sloan
Journey To Launch
Jamila Souffrant
4.9 • 1.7K Ratings
🗓️ 7 December 2022
⏱️ 42 minutes
🧾️ Download transcript
Summary
From homeless to bartending at Coyote Ugly, today's guest has gone through it all when it comes to working the service industry. Barbara Sloan is author of "Tipped: The Life Changing Guide to Financial Freedom For Waitresses, Bartenders, Strippers and All Other Service Industry Professionals," and a personal finance expert.
She's spent two decades working in every imaginable position in the service industry, in addition to owning and running a woman-owned construction company in Manhattan. Now, she helps other service industry professionals map their way to financial independence.
We talk about the unique challenges that face over 4 million service industry professionals, how these workers can use the system to their benefit and all of the mistakes Barbara made on her own way to financial literacy.
In this episode, we discuss:
- What a service industry professional is + their unique career and financial opportunities + challenges
- How to budget with an inconsistent or fluctuating income + how to build in buffers during seasonal work
- Advice on how service industry professionals can increase their income + begin to invest
- The transition from being hired at a construction company to owning it + more
Transcript
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| 0:00.0 | I was asked to do accounting for finance and also they asked me to setting up an HR department |
| 0:09.0 | and employee retention. |
| 0:10.0 | So there I got to see all of the side of benefit and how that supported the financial health |
| 0:15.6 | of an employee. |
| 0:16.6 | And I was like, oh, I just remember I think I'm like, oh my god why didn't anybody tell |
| 0:20.8 | me that? |
| 0:21.8 | Why did I not know any of these things for so long and I was able to make so many mistakes? |
| 0:27.0 | Welcome to the Journey to Launch Podcast with your host, Jamila Sufron, as a money expert |
| 0:35.3 | who rocks her top. |
| 0:36.8 | She helps braid juniors like you, get out of debt, save, invest and build real well. |
| 0:44.0 | Join her on the Journey to Launch to Financial Freedom in 5 on 4, 3, 2, 1. |
| 0:56.4 | Journey to Launch is supported by First Republic Bank. |
| 0:59.7 | Have you ever experienced a relationship with a banker who was available to answer all |
| 1:04.1 | your questions, even by phone or email? |
| 1:06.9 | Doesn't exist, you say? |
| 1:08.8 | It does at First Republic. |
| 1:10.8 | At First Republic, everyone gets a personal banker who's ready to sit down and answer |
| 1:15.2 | your questions no matter how complex. |
| 1:18.0 | As someone who talks about money for a living, even I still get confused or have questions |
| 1:22.8 | about my money. |
| 1:24.2 | No question is too small or complicated. |
| 1:26.4 | I know I can call up my personal banker, Linda, who is dedicated to helping me make the |
... |
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