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NerdWallet's Smart Money Podcast

Nerdy Book Club: Building Your Financial Smarts With Bola Sokunbi

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2665 Ratings

🗓️ 17 February 2022

⏱️ 28 minutes

🧾️ Download transcript

Summary

Taking charge of your own financial education can help you get ahead and avoid classic money mistakes.  In this episode, personal finance Nerd Kim Palmer talks with money author and educator Bola Sokunbi about her book, “Clever Girl Finance: Ditch Debt, Save Money and Build Real Wealth.” Sokunbi discusses how her mom taught her about money growing up, financial mistakes she made and learned from, and why she says it’s so important to have a side hustle. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:25.3

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0:27.1

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0:33.7

Welcome to the NerdWallet Smart Money Podcast, where we typically answer your personal finance questions and help you feel a little smarter about what you do with your money. I'm Sean Piles.

0:43.0

We have a special episode in store for you today. Regular smart money guest and personal finance nerd Kim Palmer is kicking off the first episode of our new book club series, where she talks with authors of personal finance books

0:54.6

about their advice for how you can manage your money. Kim, who are we talking with this episode?

0:59.7

I am speaking with a special guest, Bola Sakunbi. She is the author of Clever Girl Finance,

1:06.1

ditch debt, save money, and build real wealth. We're going to talk to her about her book,

1:11.3

some of her own biggest money mistakes, and what you should do right now to boost your financial security.

1:17.2

Sounds great. Well, I will let you take things from here. Thank you. Bola, welcome to smart

1:22.6

money. Thank you so much for having me. I'm excited to be here. Me too. Well, one really powerful story that you share, which really struck me is how much you learned from your own mom about money. Do you mind taking us back to your childhood and explaining why and how she had such a big influence on how you think about money today?

1:46.6

Yes. So my mom got married very young.

1:52.7

She was 19 years old and she got married to my dad who at the time was early 30 something. And this was not outrageous back then. It was pretty much the norm. And she only had her high school diploma.

1:58.6

And typically the mother would be the stay-at-home mom. The dad would

2:02.4

go out and earn the income. That was what was commonly happening. And my mom went on to have four

...

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