Breaking the Money Cycle: How to Escape Generational Curses & Build Wealth

Financial Mastery Simplified

Summary

In this conversation, Jax Crider and Sam discuss the importance of financial education and the shame surrounding it. They highlight the lack of financial education in schools and the impact of cultural backgrounds on financial knowledge. Jax shares her personal experience of growing up with financial education and the importance of starting early with teaching children about money. They emphasize the need to break generational curses and the power of accessing resources and information in the digital age. They also discuss the fear of judgment and the importance of focusing on personal goals and growth. In this conversation, Jax Crider and Samantha DeLeon discuss various aspects of personal finance, including credit cards, medical bills, and buying a house. They emphasize the importance of understanding the financial system and being responsible with credit. They also address common misconceptions about medical bills and offer advice on disputing debts. Jax encourages listeners to be intentional about their financial goals and seek resources and support to help them along the way.

Keywords

financial education, shame, cultural background, generational curses, resources, information, fear of judgment, personal growth, personal finance, credit cards, medical bills, buying a house, financial literacy, debt, intentionality

Takeaways

Financial education is not commonly taught in schools, and many people lack knowledge about money due to a lack of education from their families.

There is no shame in not knowing about money, and it is important to normalize asking questions and seeking financial knowledge.

Cultural backgrounds can influence the level of financial education received, and it is important to break generational curses and start conversations about money early.

Access to resources and information in the digital age allows individuals to learn about personal finance and make informed decisions.

Fear of judgment should not hold you back from seeking financial knowledge and pursuing your goals. Understand the financial system and be responsible with credit

Dispute medical bills and be aware of your rights under HIPAA laws

Be intentional about your financial goals and seek resources and support

Avoid drowning in debt and consider the long-term impact of financial decisions

Start early and create a plan for your financial future

Sound Bites

"We have to normalize that there shouldn't be shame surrounding something that you were literally not taught."

"The earlier you start and the more you start the conversation, the easier it will be for them to transition."

"The best thing you could teach them is that you do not have all the answers and that it's OK to raise your hand and say, I don't have all the answers."

"If I could be given out a 0% interest rate, I would do it all day every day, okay? Like, that'd be great."

"I would almost bet you money at risk."

"Credit is what most entities are going to base your life off of from here on out once you turn 18."