In this episode, Aisha interviews Wilson Muscadin the owner and creator of The Money Speakeasy, a Financial Coach whose clientele is predominantly black women. The guest explains the difference between a financial coach and a financial advisor, highlighting that most financial services focus on stages 11 through 15 of one's financial journey, which are typically geared towards investable assets, wealth building, and estate planning. However, most Americans are dealing with stages one through ten, which include budgeting, saving, paying off debt, and starting a family. As a financial coach, Wilson's approach is to create a no-judgment environment for clients, especially for those who may be nervous or have shame or guilt around money, so that they can get started on the road to financial planning. He also discusses different ways that parents can start laying a strong financial foundation for their children and offers advice for people getting started on the Single mother by choice path. Wilson shares a baby checklist for those starting on the Single Mother by Choice journey, discussing financing options and other considerations.
