The Black Girl's Guide to Financial Freedom: A Conversation with Dr. Paris Woods

Embark on a transformative journey with Dr. Paris Woods, author of "The Black Girl"s Guide to Financial Freedom," and financial advisor Ashley Bailey, as we uncover the secrets to achieving Fiscal Freedom. With Paris"s inspiring story as our guide, we travel from her humble beginnings in a single-parent household in St. Louis to a life of purpose and financial wisdom. Our conversation exposes the critical role of education and deliberate planning in breaking the chains of debt, and we challenge you to consider the financial norms that may be holding you back.  Throughout the episode, we dissect proven debt repayment methods like the snowball and avalanche approaches, sharing not just theories but also our personal triumphs and stumbles with these strategies. We confront the societal expectations of car ownership, urging you to rethink what liabilities and assets truly mean in your pursuit of financial freedom. Our discussion is a genuine reflection on the delicate balance between trimming expenses and boosting income, exploring side hustles and the art of amplifying your earnings without sacrificing your soul. Finally, we chart the course for navigating higher education and investment options with a critical eye, weighing the costs and returns of graduate degrees and the prestige of alma maters. Dr. Woods and I demystify the investing landscape, starting with the low-hanging fruits of 401(k)s and index funds. The episode wraps with an invitation to carve out your unique financial destiny, armed with the insights and strategies shared by Paris, a beacon of financial empowerment whose wisdom can be further tapped into at ParisWoods.com. Join us for an episode that promises not just to inform but to equip you with the tools for a financially savvy future. Support the Show.