122. Reclaiming Your Financial Power & Independence

Struggling with financial guilt and shame? These emotions can hold you back from achieving true financial freedom. This emotional burden not only affects your mental health but also hinders your ability to plan effectively and take proactive steps towards financial stability.

In this episode of the Power, Purpose, & Prosperity Podcast, Sabine interviews Briana Franklin about addressing student debt to regain financial control and establish lasting stability. Briana is a businesswoman, philanthropist, and expert in student debt, dedicated to the socioeconomic and holistic empowerment of Black girls and women.

Listen in to discover how your beliefs about money influence your financial decisions and how changing your money mindset can lead to greater financial freedom. You'll also learn about the importance of self-compassion and flexibility in financial planning, and how to overcome guilt and shame related to money.

Key Takeaways:

• The impact of student debt on your personal and professional life, and strategies for managing and eliminating it.
• Identifying the problematic elements in the financial system and the need for systemic change to reduce the burden of student loans.
• Mindset shifts necessary for effectively using debt as a business owner and building financial stability.
• The importance of self-compassion and flexibility in financial planning, and addressing the guilt and shame associated with money.

What You Will Learn in This Episode:

• [03:29] Briana’s journey through Ivy League education, accumulating student debt, challenges of managing student debt, and starting the Prosp(a)rity Project.
• [08:39] The Prosp(a)rity Project’s mission to eradicate student debt and close the racial wealth gap.
• [14:20] The distinction between financial literacy and financial efficacy and how the Prosp(a)rity Project addresses both.
• [17:40] Understanding the broader impact of student debt on life choices and how younger generations are navigating these challenges.
• [21:28] The psychological and emotional attachments to money and the necessity of empowering women financially.
• [24:07] Briana explains how the Prosp(a)rity Project's curriculum supports people to do what’s comfortable when repaying debt.
• [30:42] Emphasizing the importance of flexibility and self-compassion with analogies between financial and physical health.
• [33:59] The importance of addressing and healing underlying guilt and shame in women's relationship with money.

Connect with Briana:

• Website: https://www.theprosparityproject.org
• LinkedIn: https://www.linkedin.com/company/the-prosparity-project

Books Recommendations:

• Own It by Sallie Krawcheck
• I Will Teach You to Be Rich by Ramit Sethi
• Mind Your Money by Yanely
• So Good They Can't Ignore You by Cal Newpo

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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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ADDITIONAL SUPPORT:

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