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Financial Feminist
198. Paying off $70k of Consumer Debt and Breaking Teen Mom Stereotypes with Jazmin Higgins
Nov 13, 2024
Jazmin Higgins, a dedicated financial coach and former teen mom, shares her inspiring journey from grappling with $70,000 in debt to achieving financial independence. She discusses breaking societal stereotypes, the emotional weight of financial trauma, and the initial steps toward financial literacy. Jazmin emphasizes the importance of budgeting and smart financial strategies for post-debt management, while also highlighting how her experiences fueled her passion for empowering others, especially women, to reclaim their financial futures.
57:16
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Quick takeaways
- Jazmin Higgins highlights the significance of addressing financial trauma to reshape one's financial habits and mindset for future stability.
- Empowering women with financial literacy is essential for achieving independence and breaking societal stereotypes surrounding their financial capabilities.
Deep dives
Understanding Financial Trauma
Financial trauma often manifests in feelings of shame and a lack of knowledge about money management, leading individuals to feel overwhelmed by debt without clear emotions tied to it. As an example, the speaker reflects on accumulating unproductive debt from credit cards and personal loans due to poor financial education growing up. This led to an ongoing cycle of financial struggle that persisted into adulthood, emphasizing how childhood experiences can deeply affect financial habits later in life. Recognizing this trauma is crucial for individuals to begin addressing their financial situations and to seek healthier financial behaviors.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode