Understanding money goes beyond just knowing facts; you also need the confidence to make smart choices.
In this episode of the New Wealth Wave Podcast, Dr. Joaquin Wallace chats with Dr. Michael G. Thomas, Jr. about his book, Black Financial Culture, and the Generational Wealth Model. They cover the importance of understanding both internal and external systems, and Dr. Thomas stresses the need for being open and real when talking about money and how self-love and healing play a big role in creating wealth.
Trust is key when it comes to making financial decisions, and addressing both internal and external factors can help you build it. Taking the leap to trust the financial healing process and get help from pros can set you on the path towards lasting wealth.
Dr. Michael Thomas also talks about his own therapy experiences and why addressing the emotional side of mental health is crucial. He wants folks to know that just knowing about finances isn't enough to pass wealth down through generations – it also takes trust and self-assurance in making financial decisions.
Michael G. Thomas Jr., Ph.D., is an Accredited Financial Counselor (AFC®) and a lecturer at the University of Georgia. His research focuses on financial empathy, data visualization’s effects on financial behavior, and the connection between brain function and money. Dr. Thomas’ philosophy on how to effectively interact with money can be summed up in his Ted Talk: Financial Empathy: Understanding the Story Beneath the Numbers.
Purchase Dr. Thomas’ book, Black Financial Culture, here: https://amzn.to/4cnYPmK
To learn more about Dr. Thomas and his work, visit:
https://www.blackfinancialculture.com/ https://keynote.financial/michael-g-thomas-jr/
Follow him on social media at:
LinkedIn: http://linkedin.com/in/MoneyandWellness
Instagram: http://www.instagram.com/modomsolutions
X/Twitter: https://twitter.com/ModomSolutions
YouTube: https://www.youtube.com/channel/UC9oWG3g0pSDxRVSzHXrkr-Q
TikTok: https://www.tiktok.com/@modomsolutions
Read the first article of the five-part series on the Generational Wealth Model:
https://www.drjwallace.com/securing-tomorrow-the-generational-wealth-model
#FutureWealthBuilders #GenerationalWealth #EstatePlanning #FinancialLiteracy #LegacyBuilding #FinancialFootprints #WealthManagement
To learn more about Dr. Joaquin Wallace and the Generational Wealth Model, visit:
https://www.drjwallace.com
Follow us on social media at:
Instagram: https://www.instagram.com/dr.joaquinwallace
X/Twitter: https://twitter.com/_Joaquinmedia
YouTube: https://youtube.com/@thenewwealthwavepodcast
LinkedIn: https://www.linkedin.com/in/dr-joaquin-wallace-91819514
