In this week’s City Girl Savings podcast episode, and the final of our rewind series, we’re rewinding to an episode recorded just last year – Financial Education versus Financial Experiences.
I chose to rewind to this episode because I want you to know that the experiences you have with your money are significantly more powerful than any financial education you may have. And I’m speaking from experience.
I have a B.S. degree in Finance, but my financial experiences have shaped what I do with my money now and how I leverage it to get ahead.
I will always seek more knowledge, but my experiences shape a lot of my financial decisions and a lot of the information I teach:
- I’ve experienced paying off debt
- I’ve experienced getting an 800+ credit score and maintaining it for years
- I’ve experienced buying a house
- I’ve experienced managing rental properties
- I’ve experienced successful budgeting
- I’ve experienced compound growth from the stock market
Your financial experiences, whether good or bad, can shape the decisions you make with your money to get to the life you want.
In this episode, I share how my financial education and my financial experiences impacted my life…ultimately leading me to the conclusion that you don’t need a formal education in finance to be good with money.
A financial education is great, and I encourage you to seek it, but it’s not a necessity to have a financially stable, financially free life. Enjoy this final episode of our rewind series.
Here’s a glance at this episode:
- [02:31] Raya shares her early experiences with money as a child and her perspective on how things were covered back then.
- [04:57] A money belief that Raya absorbed early on was that if you go to work every day you will come home and have what you need.
- [07:45] The money principles Raya learned before college went out the drain when she got to college and had access to credit cards.
- [11:25] Raya learned the importance of paying her bills on time but only because she almost faced eviction for failing to pay rent on time.
- [14:41] 9 years after starting City Girl Savings, most of what Raya learns is through financial experiences compared to financial education.
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Resources mentioned in this episode:
Listen to Episode 1 – Big City Spender to City Girl Saver
Learn about Raya’s Financial Focus Coaching Program
Follow City Girl Savings on Instagram, YouTube, and TikTok
Join the City Girl Savings Facebook Group
Subscribe to the City Girl Savings Newsletter!
