Apr 23

Apr 23 Episode 93: Legacy Building: Teaching Children Financial Fluency

In this week’s podcast, Vangile sits down with Sabrina Lamb, six-time author, former stand up comic and founder and CEO of World of Money and Wekeza. Sabrina explains that her purpose is to ensure Black economic sovereignty throughout the entire planet.

The conversation delves into the challenges faced by people of African descent when it comes to money management and the need for financial education tailored to different cultural contexts.

She highlights the significance of teaching children about financial literacy, instilling values of saving, investing, entrepreneurship, and philanthropy early on. She stresses the importance of respecting and appreciating money, managing assets wisely, and giving back to the community.

She also introduces Wekeza, a platform aimed at providing financial education and investment opportunities for families globally. She discusses the cultural significance of financial services and the importance of honoring unique cultural practices in financial education. She aims to empower individuals to achieve financial fluency, cultivate a mindset of abundance, and build a legacy of financial stability.

This is another powerful podcast episode, especially for people with kids.

Tune in.

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During this episode, you will learn about:

- 02:19: Introduction to Sabrina Lamb

- 03:17: Sabrina talks about her purpose

- 06:18: Sabrina’s personal financial journey and inspiration

- 08:01: Sabrina reflects on her views on money before and after gaining financial knowledge.

- 09:33: The impact of self-esteem on financial behavior.

11:23: Teaching children about self-perception in relation to money

13:50: How parents can approach financial discussions with their children

16:40: Impact of parent archetypes on children's perception of money

21:22: Addressing different parent money beliefs and their impact

24:01: Preparing children for financial challenges in the external world

26:57: Approaches to supporting children in creating generational wealth

30:25: Importance of financial fluency and capability

35:22: Challenges faced by people of African descent in relation to money

37:52: Importance of changing the narrative around money and wealth

43:12: Commitment to culturally inclusive financial education

Contact Sabrina at: https://www.worldofmoney.org/ or https://wekeza.com/

Notable Quotes

1. "Money connects you with one of the most powerful currencies on the planet, to be leveraged for good."

2. "You are already perfectly perfect as you are."

3. "Plant the seeds so that the seeds of reward come back to you.”

4. "Financial education is not one size fits all. It's cultural. It's part of the infrastructure. It's part of the psyche."

5. “I use the term financial fluency, financial capability. Know how the systems operate, the financial systems, rather, in your country, in your locale.”