28: How Rashidat Is Building Wealth As An Immigrant Artwork

The Rich Immigrant

When you hear the word immigrant, the word rich doesn’t always come to mind. Immigrants can attain financial independence; we can lead full lives in our new homes while maintaining our identities.Each Wednesday, join Dee Olateru, a 3-time immigrant, and your everyday aspiring rich immigrant, as she shares tips, and stories to help immigrants do just that. The Rich immigrant podcast was created to be what the next immigrant needs to thrive and what we need as a community of 1st and 2nd generation immigrants.If you’re a first or 2nd generation immigrant, or just want great but relatable money and life conversations, this is the podcast for you! For more inspiration, follow the @therichimmigrant on Instagram or at www.therichimmigrant.com

All Episodes

The Rich Immigrant

28: How Rashidat Is Building Wealth As An Immigrant

July 07, 2021 • Investing Padi - Rashidat • Season 3 • Episode 28

Send us a text

Rashidat (Shida) is saving and investing for her future Rich Auntie self! I don't know about you but that resonates with me so much! This is yet another conversation I wish I had when I first started working, saving, and investing as an immigrant without parents to show me the way. Please listen and share this episode.

Rashidat is a 1st generation immigrant and the founder of Investing Padi, an online community that aims to educate immigrants, minorities, and women about the value of investing in the stock market.

Her community started after discovering that many people just like her miss out on low barrier to entry investment opportunities offered in the stock market. Rashidat is dedicated to empowering her community by educating them about the basics of investing, overcoming limiting beliefs and fears associated with investing, and showing them that they can start investing with little, which can go a long way in the future.

Rashidat has a B.Sc in Physics and M. Eng in Energy Systems Engineering. In addition, she has a background in operations, engineering, and consulting. She loves to chat with her community about different ways of building sustainable wealth.

Keep up with Shida on Instagram @investingpadi where she shares financial gems all the time!

In this first part, we talk about:

Why investing is important for us as immigrants and why she decided to do something about it
What she learned from her dad and the importance of putting your money to work for you
The ease of investing in the stock market
Buying her first stock in 2018 with $25 and how that first stock has grown today
How she started investing with her 401k only after a conversation with a work friend
Why she is investing today
Her money mistake with her HSA and how she's bounced back from that mistake
The beauty of the financial literacy journey

With the newbie investor in mind, Shida has written a FREE e-book to help you get started with investing in individual stocks. Stay tuned for part 2 of the conversation on Sunday!

Thank you for the gift of your time and attention. Thank you for listening to this episode of the Rich Immigrant podcast, please give the podcast a 5 star review on Apple Podcasts, subscribe, and share this episode with someone in your world that needs to hear these conversations. Please join our community online at www.therichimmigrant.com or on Instagram at 'Therichimmigrant.'