In this conversation Jenny and Olani speak with another member of the ChangeMakers Hawaiʻi team, Christian McAdams to discuss the importance of financial literacy, personal finance, and community impact.
Christian shares his personal money story, highlighting the mindset shift he experienced in his journey towards financial health. The discussion emphasizes the connection between financial well-being and emotional health, the impact of financial trauma, and the importance of creating an action plan for managing finances. Strategies for paying off debt, establishing savings, and utilizing certificates of deposit are also explored, along with practical steps for saving money and understanding interest rates.
We also delve into various aspects of financial health, emphasizing the importance of understanding personal finances, the impact of subscriptions, and the necessity of a mindset shift towards savings and income diversification. We also discuss the significance of community values in financial systems and the role of generational wealth in creating opportunities for future generations. The conversation highlights practical steps for managing finances, including the need to cancel unnecessary subscriptions and the importance of thinking critically about spending habits.
