Episode•October 3, 2019•25 min

Personal Finance is a Team Sport with Rahkim Sabree | Ep. 12

Join Tiffany as she dives into homelessness and thinking of personal finance as a team sport with Rahkim Sabree! Rahkim talks about financial empowerment, discipline, FOMO, and how to utilize your circle to get better results. About Our Guest Rahkim Sabree is a millennial author, speaker, personal finance expert, and co-founder of the not-for-profit An Extended Hand, Inc. which focuses primarily on empowering and educating those who are at risk of or currently impacted by homelessness. Follow him on Twitter: https://twitter.com/finance_fridays Follow him on Instagram: https://www.instagram.com/unlimitedinvestmentinquiries Like him on Facebook: https://facebook.com/unlimitedinvestmentsolutions Links Visit our website: https://www.moneytalkwitht.com Sponsor Decluttr specializes in buying your used CDs, DVDs, Blurays and Games to help you make room and money! With Decluttr you can enter your items barcodes into our valuation engine and we'll give you an instant offer. Alternatively, you can download the FREE app (available on Android and IOS) and scan your items with your smartphone's camera. You'll need to enter a minimum of 10 items or have an overall value of $5 to complete your order. Then you simply pack all your items into a box and then ship your items to us for free! When we receive your items, we'll pay you on the next business day. Be sure to use code: MONEYTALK5 at checkout for $5 off a purchase OR $5 added to your sale. Connect with Tiffany on Social Media Facebook: Money Talk With Tiff Twitter: @moneytalkwitht Instagram: @moneytalkwitht LinkedIn: Tiffany Grant YouTube: Money Talk With Tiff Channel Pinterest: Money Talk With Tiff This podcast uses the following third-party services for analysis: Podcorn - https://podcorn.com/privacy OP3 - https://op3.dev/privacy

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Key Takeaways

Homelessness exists on a wide spectrum beyond stereotypes

Includes college students, school-age kids couch surfing, and veterans with PTSD

Many Americans are only 1-3 paychecks away from homelessness

Preventative education and direct services are both essential

Financial empowerment beats financial literacy for mindset shift

Mindset is the common thread among wealthy vs. non-wealthy individuals

Empowerment inspires action; literacy can feel boring or negative

Discipline is a form of self-care that leads to long-term success

FOMO and YOLO culture work against long-term financial planning

Social media makes instant gratification too accessible

Upgrade your circle to people who respect your financial discipline

Success becomes contagious in the right circles

Financial empowerment is a team sport

Build relationships with CPAs, financial advisors, realtors, and lenders

Leverage expertise rather than trying to know everything yourself

Accountability from your team helps maintain discipline

Intro

Tiffany explores homelessness realities and reframes personal finance as a collaborative effort with Rahkim Sabree, author and co-founder of An Extended Hand, Inc.

Rahkim Sabree is a millennial author, speaker, and personal finance expert focused on empowering those at risk of or experiencing homelessness through education and direct services.

Personal Finance is a Team Sport with Rahkim Sabree | Ep. 12

Key Takeaways

Intro

– The Spectrum of Homelessness

– Financial Empowerment vs. Literacy

– FOMO, Discipline, and Upgrading Your Circle

– Financial Empowerment as a Team Sport

– Building Your Financial Squad

Resources

Topics