Can you change your money story?
In today’s episode, Fatuma Akalo, a financial adviser at Wattle Partners, shares how her upbringing influenced her relationship with money and how she went on to change the direction of her financial future. She also shares her own journey and lessons working as a financial adviser, and what she would want her 18-year-old self to know about money today.
Some of the talking points from this conversation:
- Tell me how your story with money began by taking me back to your childhood. How did the way your parents experienced money influence you growing up? (e.g. Your first money memory, what was money used for within your family unit?, did your parents ever discuss money?, how did you view money?)
- When did you move from survival mode to putting your own financial future first?
- Where/when/how did you find role models or people to help support you on your own path with money?
- If you’ve grown up in a culture where supporting the family is encouraged and/or expected, how do you balance that with building your own financial resources?
- How did this journey you were on interact with your path to becoming a financial adviser and working with clients? Did this help you on your personal journey?
- You told me previously that changing your money mindset took a long time, which I’m sure would resonate with many people. Do you have any advice for someone currently trying to turn their money story around?
- As a financial adviser, you see clients that come to you with very different levels of financial capability, portfolios and incomes. One word that stood out to me during our conversations was shame. How do you tackle these conversations?
- Financial advisers have gotten a bad rap recently, but I know you’re passionate about sharing the message that many good advisers want to help their clients achieve their goals. What are some things listeners should keep in mind when looking for a financial adviser who will put them first?
- What would you want her to know if you could teach 18-year-old Fatuma about money today?
- Number #1 lesson you want to leave listeners with
