Episode 123 | Figuring Money Out | Debt with Selina Flavius (Episode 2/5)
FIGURING MONEY OUT | 5 part mini-series
Episode Two - DEBT with Selina Flavius
Black Girl Finance was founded in 2019 by Selina Flavius. She has created a financial coaching company dedicated to UK Black women and girls. To date she has helped hundreds of women get clear and focused on financial goals, we get our clients super comfortable, thinking about money, talking about money and taking action to reach their financial goals. We work with women who are experiencing stress and anxiety around finances they may be struggling with debt or they may be struggling to reach certain lifestyle goals they have for themselves, ie, getting on the property ladder, saving to be able to pivot careers, or start a business.
She has also contributed to discussions within the UK media (The Guardian and FT adviser) around issues such as the gender pay gap, the ethnicity pay gap and racial wealth gap.
Selina, believes that due to the intersection of the above gaps, it's more important than ever for women to take charge of their personal finances. She launched the Black Girl Finance Podcast and Black Girl Finance Festival.
Get Selina’s Book - Black Girl Finance
In this episode we discuss:
How to start tackling debt (3 mins)
Snowball vs avalanche approach (4.20)
The psychological vs practical side of the approaches (6.50)
Bringing more income in (8.20)
Consumer debt vs other debt (10)
People of colour and debt (12.45)
Leveraging debt (13.30)
Talking about debt (16)
Racial pay gap; advice for Black women (20)
Lack of financial literacy and education (24)
Being underpaid because you are a minority (26.50)
Salary silencing in contracts (30)
The impact of the pay gap further down the line (33.30)
Start a brag file! (35.15)
Going from being poor to earning lots and the lack of education around this (37.45)
Pay yourself first (41)
First few steps to conquering debt (42)
Connect with Selina
Resources
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Your hosts are...
Charelle Griffith (she/her), 32, is a marketing strategist for coaches and consultant, and founder of PropelHer (an online platform and book club for ambitious women). Connect with Charelle on Instagram.
Verity Brown (she/her), 34, is a northerner, proud queer woman and the founder of The Authentic DatA Revolution (tadar.org) Connect with Verity on Instagram.
Disclaimer: All information provided by Free and Figuring It Out is for informational and educational purposes only and does not constitute financial advice. Free and Figuring It Out provides general information only and does not provide individual advice. For individual financial advice about your circumstances, please refer to an independent financial advisor.