Breaking Generational Poverty with Jasper Smith: Curiosity, Financial Education, and Building Wealth

Welcome back to "Don't Retire... Graduate!" On this episode, we're thrilled to welcome Jasper Smith, a dedicated financial educator and visionary behind the Build Wealth Movement. With over 15 years of experience in the financial services industry, Jasper is on a mission to disrupt generational poverty and help families create sustainable wealth. Jasper Smith is a trailblazer in the financial services sector, with a deep-seated curiosity about money that has driven his career. As the founder of the Build Wealth Movement, Jasper tirelessly works to empower individuals and communities to overcome financial challenges and embrace prosperity. His commitment to financial education and his innovative approach to wealth-building strategies are transforming lives. In this episode, Jasper Smith and I dove into the intricacies of financial education, the importance of breaking generational poverty cycles, and the strategies that can lead to financial independence. Jasper shared his personal journey into the financial world, driven by a curiosity about money sparked by the daily stock market updates he saw on TV and a lack of open conversations about finances in his community. We explored the taboos surrounding money, different family dynamics, and how early financial habits impact lifelong prosperity. We also discussed the significance of educating children about money, emphasizing the need to start as early as possible, even if it begins with simple concepts like savings and earning money. Jasper highlighted the role of curiosity in understanding financial systems and the necessity of learning the rules to play the money game effectively. We touched on the challenges and opportunities presented by gamifying financial education and the importance of making informed decisions. As our conversation unfolded, we tackled the delicate balance of managing personal and family finances, the role of expectations in building generational wealth, and how societal changes have influenced today's financial landscape. Together, we unpacked the strategies that families can use to achieve financial success, including the importance of seeking external assistance and being receptive to guidance. Key Takeaways: Curiosity as a Catalyst: Curiosity about money and how it functions can be a powerful motivator. It leads to asking pertinent questions and seeking knowledge, which are essential for understanding financial systems. Start Financial Education Early: Introducing children to financial concepts at a young age, even if it starts with basic ideas like savings, can lay a strong foundation for their financial literacy and decision-making skills. Breaking Generational Poverty: Disrupting the cycle of generational poverty requires intentional actions, setting higher expectations for future generations, and educating oneself about sound financial practices. Balancing Family and Personal Financial Goals: It's crucial to ensure your financial stability while planning for your children's future. Effective conversations and planning can help achieve a balance that secures retirement without compromising children's educational and life goals. Openness to External Guidance: Being open to accepting guidance, assistance, or advocacy can be transformative in achieving financial aspirations. Identifying a trusted advisor to help navigate complex financial decisions is invaluable. Thank you for joining us in this engaging conversation with Jasper Smith. Be sure to subscribe to "Don't Retire... Graduate!" for more insightful episodes. If you have topics or ideas you’d like us to explore, connect with us on Facebook or Twitter @BrotmanPlanning. Remember, the journey to financial freedom is one of learning and growth, so don't retire... graduate! Learn more about your ad choices. Visit megaphone.fm/adchoices

Don’t Retire… Graduate! Is the podcast that asks what you want to be when you grow up so you can graduate into retirement with a passion and a purpose. Hosted by Certified Financial Planner Practitioner, Eric Brotman, this show will explore different methods for saving money, paying down debt, raising financially literate children, growing your wealth, and reaching financial independence–whether you’re 35 or 65. Retirement is not the absence of work, but the absence of needing to work. So join us while we talk to award-winning, best-selling authors, finance experts, influencers, and people with amazing money stories to help you set and reach financial goals, discover your passions, and make a plan for what you want to be when you reach the point where work becomes optional. Plus, between full episodes we’ll answer listener questions about personal finance, investing, retirement readiness, taxes, and more. Topics covered include: budgets, credit, debt, emergency funds, balancing expenses, health savings accounts, insurance and risk management, financial advisors, mortgages, retirement savings, social security, money management, spending, fintech and finance apps, employee benefits, and the FIRE movement.