Episode 369: Setting Financial Boundaries with Family & Maintaining Healthy Relationships w/ Gigi Gonzalez

Apr 10, 2024

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Back on the podcast this week is Giovanna "Gigi" Gonzalez, financial educator, influencer, founder of The First Gen Mentor, and author of Cultura & Cash. Gigi discusses how to set financial boundaries with family as a first generation immigrant using her Quiero y Puedo framework which stands for "I want, I can'' in Spanish, by first asking yourself if you truly want to provide financial support and if you actually have the financial ability to help. GiGi shares examples of how she has set financial boundaries with her family and emphasizes being comfortable saying "no" to requests, even if it means being seen as the "black sheep.”

In this episode you will learn:

How you can set financial boundaries with family but still be supportive in other ways
How to manage different financial priorities with a spouse such as turning to couples counseling to understand each other’s “why” around money.
Why gifting money you can afford is best rather than loaning money to a family member to avoid straining relationships if money isn’t repaid
Tips if you’re wanting to write a book or launch a big project + much more!

Enter for your chance to win a copy of Cultura and Cash by Giovanna Gonzalez. The giveaway will be open from April 10th 2024- April 15th 2024. Three winners will be announced on April 16th! (must be 18+ & a US resident to enter). Go to journeytolaunch.com/win to enter.