Episode 358: Navigating First Generation Wealth + Helping Family With Finances With Maria Melchor
Maria Melchor, financial educator and creator of FirstGenLiving, joins the Journey To Launch Podcast to talk about her experience being the first in her family to build lasting wealth in America and how she built FirstGenLiving into the successful business it is today.
We also talk about taking on student loan debt to avoid burdening parents with school expenses, “survivor’s guilt,” the fallacy of the “working harder will make you wealthier” narrative, and more.
FirstGenLiving began in 2020 and reaches an audience of 130,000+ across social media platforms. FirstGenLiving provides personal finance education tailored to the experience of first-generation immigrants, students, and professionals in the United States. Maria has been featured in outlets including CNBC, Univision, and Money Magazine.In this episode you’ll learn about:
- How Maria’s immigrant background shaped her journey and influences her finances
- The challenge of raising second generation kids with grit through intentional parenting
- Guilt and anxiety surrounding making more money than anyone in your family
- Navigating helping family financially, starting an online content creation business, pitching yourself to loved ones, and more
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