118. Closing The Wealth Gap: Strategies for Financial Empowerment

Want to know the strategies successful people use to build wealth and achieve financial freedom? Whether you're a first-generation wealth builder or looking to optimize your financial strategies, financial success begins with examining your money traumas and adopting a growth mindset.

In this episode of the Power, Purpose, & Prosperity Podcast, Sabine speaks with Ray’Chel Wilson about her incredible journey from a modest upbringing to becoming a financial education expert. Ray’Chel is an award-winning educator, published author, and international speaker. She is the CEO of Raise the Bar Investments and is on a mission to close the gender and racial wealth gaps.

Listen in to learn the importance of diversifying your income in different wealth-building opportunities for financial stability and flexibility. You will also learn how to become financially educated and empowered as a woman looking to overcome systemic barriers to sustainable wealth.

Key Takeaways:

• The role of mindset in effective financial planning and long-term wealth creation. 
• The impact of your environment and community support in accelerating your financial success.
• Leveraging cryptocurrency as an investment tool and establishing multiple income streams for financial stability.
• How storytelling and social capital can boost your business's financial success.

What You Will Learn in This Episode: 

• [04:11] The importance of mindset in financial education, plus why Ray’Chel wrote her book Holistic Money Mindset.
• [05:24] The concept of changing the trajectory of your last name through financial education and legacy building.
• [07:05] Ray’Chel’s early career achievements, journey to investing, and the importance of aligning investments with personal values.
• [15:26] She explains her strategic approach to investing in cryptocurrency and achieving financial goals. 
• [18:34] The importance of empowerment to overcome challenges women face in creating and sticking to financial plans.
• [20:04] The systemic and individual barriers to women's financial empowerment and the role of education in overcoming these challenges. 
• [22:24] Practical strategies for managing a full-time job while pursuing additional wealth-building opportunities.
• [27:34] The importance of planning for your future self and business and the significance of storytelling and social capital in growing a business. 
• [29:43] Ray’Chel discusses her book series, which offers valuable financial education tailored to different levels of financial literacy.

Connect with Ray’Chel Wilson:

• LinkedIn: https://www.linkedin.com/in/raychelwilson
• Instagram: https://www.instagram.com/_theofficialraywilson

Book Recommendations:

• Who Not How by Dan Sullivan
• Atomic Habits by James Clear
• The Four Agreements by Don Mi

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HOST INFO:

Sabine Gedeon is a dynamic force in the world of leadership and personal development. As the Founder of Transformed Leadership Institute and CEO of Gedeon Enterprises, Sabine leverages nearly 20 years of experience to guide clients in both startups and Fortune 500 companies. Her unique approach combines human-centered principles with tech-enabled solutions, delivering customized programs for leaders at all levels to tackle crucial leadership and talent development challenges.

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