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Wealth

Are you ready to discover how we overcome student loan debt and build a life of financial security and wealth?

Our featured trailblazer today is Lauryn Williams.

Lauryn Williams is a 4-time Olympian, 3-time Olympic medalist and the first American woman to medal in both the Summer and Winter Olympic Games.

While pursuing professional sports Lauryn interacted with not one but two financial advisors that didn’t provide the services she needed. She asked friends what they were doing about their finances and the answers were vague and unsettling. Constantly looking for ways to make a difference in the lives of others she decided to put her Finance degree and MBA to use to fill the gap for young professionals. Eager to learn everything she then pursued the Certified Financial planning certification.

Her company, Worth Winning, offers virtual services to help young professionals get the answers to the financial question that matter most to them. Whether that is creating a budget, figuring out a plan for paying off student loans, setting goals for savings or understanding your 401(k) Worth Winning is ready to help with all things personal finance.

I need your help right now to share this episode. Someone with student loans needs to hear today's message.

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In this episode you will learn:

  • What Lauryn learned as she pivoted from track & field to bobsledding to a career beyond athletics
  • What's driving Lauryn in the work she's doing today
  • The challenges that stand in the way of building wealth, when you’ve got student loan debt
  • Ways we can overcome our student loan debt and begin building a life of financial security

Connect with Lauryn C Williams:

Resources Mentioned:

Tweetables:

Key take aways from Lauryn:

  • I take it for granted, but I am very grateful for all the opportunities that have been coming my way.
  • Competing against so many different generations in sports teaches you so many different life lessons and provides cues for young athletes.
  • I’m driven by my passion for people being comfortable about having discussions about money.
  • When I reached out for help, there were so many types of deflection about simple money questions that it made me feel there was something to this.
  • I really wanted to be a change agent for getting people to feel comfortable about discussing money and organizing their finances.
  • “Black and Hispanic adults who reported having outstanding student loans when they graduated from college had $36,000 less in net worth than their peers at the age of 30.”
  • Debt limits our financial choices and impacts our abilities when making life decisions.
  • Mindset is one of the biggest challenge that stands in the way of building wealth when you have student loan debt.
  • Student loan debt can seem as an insurmountable thing that you’ll never overcome.
  • The way to change the game and create wealth is to sit down and say, “What is going to be best for ME?” #studentloan #studentdebt
  • There are two ways to pay off student loans: as little as humanly possible or as much as humanly possible.
  • Find out how retirement planning can help as you pay off student loan debt
  • By putting money into your retirement plan you are saving for your future and lowering your tax liability.
  • Start growing your emergency fund and then invest in your retirement.
  • You can build wealth, even with student loan:  lower your student loan debt; lower your tax liability; and save for your future.
  • There are a lot of strategies that we can use in the African-American community to create wealth, even if you have student loan debt
  • You’ve got to think “What can I do differently?” It’s not about just sending your bill payment in every month on time.
  • Start thinking of your student loan as a business decision as opposed to a bad decision that you made.

 

One Action To Blaze Your Trail:

Start looking at the opportunities and not the obstacles.  What are the opportunities?  Where can I create wealth?  Where can I get help with these student loans?  What can I do to make a difference in my financial situation?

 

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Today's episode was brought to you by:

The Campaign for Black Male Achievement. The lives of black men and boys matter. We need you to join, support and invest in this movement to help improve the life outcomes of our black men and boys.

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