Episode 369: Setting Financial Boundaries with Family & Maintaining Healthy Relationships w/ Gigi Gonzalez
Journey To Launch
Jamila Souffrant
5 • 1.7K Ratings
🗓️ 10 April 2024
⏱️ 49 minutes
🧾️ Download transcript
Summary
Back on the podcast this week is Giovanna "Gigi" Gonzalez, financial educator, influencer, founder of The First Gen Mentor, and author of Cultura & Cash. Gigi discusses how to set financial boundaries with family as a first generation immigrant using her Quiero y Puedo framework which stands for "I want, I can'' in Spanish, by first asking yourself if you truly want to provide financial support and if you actually have the financial ability to help. GiGi shares examples of how she has set financial boundaries with her family and emphasizes being comfortable saying "no" to requests, even if it means being seen as the "black sheep.”
In this episode you will learn:
- How you can set financial boundaries with family but still be supportive in other ways
- How to manage different financial priorities with a spouse such as turning to couples counseling to understand each other’s “why” around money.
- Why gifting money you can afford is best rather than loaning money to a family member to avoid straining relationships if money isn’t repaid
- Tips if you’re wanting to write a book or launch a big project + much more!
Enter for your chance to win a copy of Cultura and Cash by Giovanna Gonzalez. The giveaway will be open from April 10th 2024- April 15th 2024. Three winners will be announced on April 16th! (must be 18+ & a US resident to enter). Go to journeytolaunch.com/win to enter.
Transcript
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| 0:00.0 | Let's say that it's a situation where you do want to help family. Let's say that a medical |
| 0:06.0 | expense came up and you do want to help family because it's something important. |
| 0:10.8 | Then the next question is, Puydesiz, the Geroi I would approach, |
| 0:14.0 | Puyd's, means can you? |
| 0:16.0 | So that's great that you have the willingness |
| 0:18.0 | that you are doing it on your own terms, |
| 0:20.0 | but do you actually have the financial ability to do it? |
| 0:23.7 | Because those are two different things, right? |
| 0:26.2 | T-minous 10 seconds. |
| 0:28.4 | Welcome to the Journey to Launch Podcast |
| 0:30.8 | with your |
| 0:34.0 | who wants her talk. |
| 0:35.0 | She helps brave journeys like you, |
| 0:38.0 | get out of debt, save, invest, and build real well. |
| 0:42.0 | Join her on the journey to launch to financial freedom in five, four, three, two, one. |
| 0:55.0 | If you want the episode show notes for this episode, go to Journey to Launch. |
| 1:00.0 | If you want the episode show notes for this episode, go to Journeyto Launch.com or click the description of wherever you're |
| 1:05.1 | listening to this episode. In the show notes you'll get the transcribed |
| 1:09.2 | version of the conversation, the links that we mentioned and so much more. |
| 1:14.0 | Also, whether you are an OG journeyer or brand new to the podcast, |
| 1:18.0 | I've created a free jumpstart guide to help you on your financial freedom journey. |
| 1:23.2 | It includes the top episode to listen to, stages to go through to reach financial freedom, |
... |
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