Hispanic Households, Media Myths, and Real Boundaries w/ Daniela Molina

This one hits where it hurts: the living room. We dig into how money actually moves in multi-generational, first-gen Hispanic households during the holidays when everyone has an opinion and nobody wants to say the quiet part out loud. Daniela Molina joins me to cut through the noise with straight talk on culture, pressure, and breaking money taboos. 

We start with reality. Different generations carry different money scripts, and when the saver, the spender, and the “I don’t even know” all live under one roof, small choices turn into family politics. Daniela lays out how to start real conversations without shaming your elders, how to share what you’re learning without posturing, and how to reframe the holidays so love is the priority—not debt. 

Then we torch a few lazy hot takes. “Cut off your family to get ahead” sounds bold online, but it ignores culture and context. “Debt is always bad” is just wrong. We separate clickbait from facts and talk about how to consume media like an adult: verify sources, look for methodology, and stop outsourcing your brain to headlines. 

We also get tactical: setting boundaries when relatives hit you up for cash, protecting your personal life if you work in media or client-facing roles, and expanding your reach with bilingual content—even if you don’t speak Spanish—by partnering, translating key one-pagers, and focusing on genuinely useful advice. 

Holiday season is when budgets blow up and resentment festers. Not this year. Listen in, get your plan tight, and keep your dignity intact. Full video here: https://youtu.be/IU23V53K2fA

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Chapters

• 1:35 First-gen x holidays: where money pressure starts
• 5:30 How to start the money talk without shaming elders
• 8:40 “Cut your family off to get ahead?” Reality check
• 10:50 Is debt always bad? What the facts actually say
• 12:30 From facts to hot takes: how to vet media smartly
• 18:20 Boundaries when family asks you for money
• 26:40 Bilingual content and reaching Spanish speakers
• 30:45 Holiday plan: budgets, gifts, lists that save you

Transcript

NoBS Wealth: 0:22

Well then it's time.

Stoy Hall: 0:29

I know. I know. Hey, I get it. She's in the media and a lot of us don't like media personnel. Okay. There's all people going around and usually they're the ones that screw it all up. I understand. With Daniella Molina, she is different. She's amazing. She's also a Latina, so we had to get her involved. Um, overall, but from a big per uh, view, with our vision of who we're having as our vetted professions professionals, we needed to have the media side. We needed to have someone who's in there and can really drive us straight. So without further ado, Daniela, welcome to the show for the first time. Hi.

Daniela Molina: 1:05

Thank you for having me.

Stoy Hall: 1:06

And today we really want to talk about, um, as this episode comes out around the holidays of one being the first gen right and trying to make money and get out, uh, two being from a Hispanic household and how those things culturally are different than even, you know, our side. I know we've talked about it on your show, a lot of the black side compared to, um, the Hispanic side, but. We're all minorities. There's some similarities. Yeah. But there's differences. Mm-hmm. And then overall, the third part, which is kind of where, um, we've also joked on your show is like being bilingual, right? You wanted to get me on, I can't speak Spanish for the lick of my life, but having that as part of one day content creation, what that does for the media and, and how you guys view things differently. And that's super important when it comes to holidays because we're all together. There is pressures from family and it doesn't matter what family you're from, there's going to be pressures from your family. Specifically when we talk about the first gen stuff and also when we're trying to be portrayed differently. And you being in the media a lot, I'm sure there's pressures from your family that we can get into, so. Without further ado, let's talk through basically the first part of this, and that is why money decisions feel different in a multi-gen household. And I bring that up because Hispanic households, minority households in general usually have multi-generations inside of one household, right? We're not living five different families, five different states. It's usually. All in the same house. Mm-hmm. What would you say to that of why it's so much more difficult when you have that multi-gen household to make financial decisions?

Daniela Molina: 2:44

Yeah, I think the biggest thing is we all view money very differently. Um, in Hispanic households there's always someone a saver and there's always a spender, and then there's always someone like in the middle or doesn't really know what's going on. At least that's my household. My mom was a huge saver. My dad was a huge spender and I was just learning from both. Um, and I think what's so important about this is like really understanding, like. How do you view money? Because money is viewed differently, especially in different countries, right? Um, the value of it looks very different. What access you get to it is very different. And so when you have so many people in your household who don't really understand finances, don't have any financial literacy that is not taught, that is like whatever your upbringing in is. That's what you're gonna learn. That's the habits you're gonna place. I think that's where the dynamic is a little different and you have to sort of figure it out on your own. That's what Ava had to do. I'm like, I don't know nothing and I can't depend on my parents to teach me. Like I might pick up some things of my mom about savings, but. She's not having conversations with me about like, Hey, you should have a thousand dollars at least in your emergency savings. That's not a conversation we're having and we really don't talk about money in our households, right? Uh, we know when things are tight. But it's still like the elephant in the room. Like you don't wanna say like, oh my God, like I don't get paid what I should get paid. Or I'm in a laborous job that I don't get paid the value that I bring. We don't have those conversations. We just do the tough work and we keep it pushing. Um, but I think there needs to be a change in the way that we talk about money in our households. Breaking generational curses because that's what we're, we're stuck in. We're stuck in a generation where just because our parents didn't know how to do it, now we don't know how to do it either, and now our kids won't know how to do it either. At some point it has to stop. And then how do you, how do you build that conversation with your parents and how do you build it with your family members who are still so reluctant to talk about money and make it so taboo? Like how do you do that? So I think that's a, an interesting approach. Things have definitely shifted in my family as I've turned into an adult. Right. Uh, but younger, they're not listening to me. If I think that maybe we shouldn't spend that money on that, like maybe we should. Not by that. Um, I think those conversations were definitely not had,

Stoy Hall: 5:13

in your opinion, with,'cause that's not just Hispanics, a lot of minority families. Like that's kind of how it is. Like you never gonna listen to your children. It's just never gonna happen. Right. Listen to your elders, listen to what they're going through, but if they don't know what the hell they're doing, then we're in trouble. How do you believe you can align, and I don't mean you just in general, but how do you think we can align the cultural values? Right. Elders, et cetera, but trying to get it to align so that families can actually financially grow now and not when you are the elder, because, uh, that's, that's a long time from now. Right. And then it just, in my opinion, snowballs and puts a whole family behind multiple generations when they're really trying to get ahead now. So what do you think could be that bridge in order to, to, I guess, shorten that timeframe?

Daniela Molina: 6:03

Yeah, so something I think that I like doing with my own personal family is even just bringing up the topic, like, you know, what I learned today and approaching it that way and not approaching it in the aspect of like, mom, you need to get your finances together. Or your elder, your grandparents grandpa, like. Do you have a retirement account? Like do you know how important it is in stressing those things? Like sometimes it's the approach of, I learned something new and I'm gonna share it with you, and then let's build a little conversation about it. Like, what do you think? And I think there, once you start finding out the core of why people think about money the way that they do, why they handle money the way they do, maybe they didn't have any, maybe their parents didn't talk about those conversations. And so you get to learn by just offering like. I'm learning too. I'm not better than you. I don't have all my finances together and calling you out because you don't. It's just we are learning together. And any information that I know, I wanna share it with you. So sometimes if I see a YouTube video, if I'm doing one of my segments, I'm talking to experts all the time, there are things that I just don't know, right? Or I'm not at that point in my life to know that yet. Right? Like I didn't grow up knowing with a five. Uh. What is it? Five two plan 5, 5

Stoy Hall: 7:23

2. Yeah.

Daniela Molina: 7:23

Yeah. For your kids, like saving money for your kids to go to college. That was not a conversation my parents had. We didn't even know that was a thing, so. How do I have that conversation now with other parents, or how do I have that conversation with my grandparents like y'all did. You know, there was this program that you could just put a couple dollars in as your kids grow and now they have something for college. Isn't college expensive, like trying to change the narrative and not be so hard ass on, you don't have it together, your finances suck. It's shifting that conversation so it's more educational and not. Pointing the blame. I think people are more open when you're willing to teach rather than school in a bad way. Like, I'm gonna school you because you're not as smart as I am. Yeah. So

Stoy Hall: 8:12

absolutely. The next segment, which is a fun one, in this time, everybody's a different spin because since we have someone from the media with investigate TV and her background of. That's what she does. I'm gonna have her answer a little differently than others, right? So in this segment, what Society Media are saying, I kind of want you to take these quotes that I send to you or say to you, and I want you to think about it from two lenses, right? Mm-hmm. Your lens as this person, right? And then your lens of from the media of why you believe these sentences are coming from the media are coming this way and derived that way. Because I wanna pick your brain more on. Why we hear and only see certain things in the media coverage as opposed to kind of what's the real things that actually work type of situation. So first one is on the, on our whole topic. Just cut your family support if you want to get ahead. Right. I hear that topic all the time. Just cut your family out. You'll get ahead. Um. What, uh, what do you say to that?

Daniela Molina: 9:11

Personal, it's not that simple. That doesn't work that way. That's not like, that's not how that works. Uh, that's a hard thing to do, right? Um, but it is like something that you have to think about, like educating enough your family to know, well, I'm my own person and I'm going to navigate my finances this way. I'm gonna navigate things my way. Media wise, I think it. It sparks conversation. It sparks the like, I'm gonna be proactive about this, and my family's the first one that gets cut out'cause they just don't understand it. Um, not the right approach. I think, you know, as someone who works in the media, I'm very critical about the media. I think there's a lot of things that we do, um, to. Get people like it's a business, like people forget, like the media is a business and in order for us to survive, there are some things we go, we're going to do that. Like spark conversations, spark people in the comments, spark conversations about. Maybe things were influencing people to like go to the store and buy things. Like we are also part of that, I think not all the media does that, but I think we have a tendency of maybe blowing things out of proportion and making it seem bigger or like black and white. And the truth is, if you sit down with a singular person, it's never black and white. There's always some gray in there and some things that we need to know. So yeah. If that's on us.

Stoy Hall: 10:40

Yeah. And we'll, we'll get to more of that'cause Boy do I have some opinions. Uh, the next one is, debt is always a bad choice. Now I know this from my media training. Um, using words like always is something that usually triggers someone to go one way or another. But what do you say to that? That sentence, debt is always a bad choice.

Daniela Molina: 11:01

That's as someone in the media and someone as personal, that's factually wrong. That is a lie. Um, I actually am doing a segment in Spanish about good debt and bad debt, and there is good debt. Like buying a home is good debt. Yes, you have all this money that you owe, but it's a good, right? It's an asset. Um, so not all debt is always bad. I think those words are just. Again, to get people heightened. To get people like, oh my God, I'm in a place. Or now you're pushing for people to go to a financial advisor. Maybe you're pushing people to like, have conver. I, I understand the, the push on having conversations about this, but I also feel like we cross that line, so always is not, no, don't use that word. The media should not be using that word because it's not black and white. Y'all like, it just isn't.

Stoy Hall: 11:55

And this, this one's on here. This is more just a media question in general, why do we see a lot? Uh, I guess this is more now newer reporting, in my opinion. Um, less about true, just pure facts and getting a lot more opinionated and not opinion pieces. People, I'm talking about a lot of our stories now when I'm reading them, even in the financial industry, right? Are are very still opinionated, right? They, they, they, they are leaning one way or another. Not politically, just in general. They're leaning one way or another. Where did it happen in history when, like as a reporter in media? It used to be just facts. Facts are here. It is truly. This is what's real. One plus one equals two as opposed to now it's like one plus one sometimes equals two. It depends on the scenario. Um, what do you have to say to that? That can not only help our listeners understand and try to get a broader sense of what is right, wrong and indifferent in media, but also for us business owners that are in the media and trying to, you know, produce more to, to be out there of like. What are we supposed to do, right? Because we're based on facts and I know I work with you a lot, but like everything I say is a fact. It has to be or else I'm gonna have compliance at my ass. However others are using it as more of a tool to kind of like we just said, of using always and being aggressive with cutting family support. What do you have to say to that in terms of. What's been going on with media lately?

Daniela Molina: 13:26

Oh boy. This is a loaded question, and I could talk about this forever, but I really do think that it goes down to we are polarized as a country. Um, it's no longer this side or this side, I mean, or in the middle. Like we are just very hard over here, hard over there. And that's with everything. So you consume only the media that you agree with. You consume only the facts that agree with your beliefs rather than being open-minded. And I think as the media we have become, so trying to bring context into things rather than just stating what it is and letting people at home decide. I think that we have done, we have gone way too deep. Into trying to cover specific topics and have lost the purpose on why we're doing it and the facts. That is the most important part. We need to tell the story with all the factual elements and people at home will decide. Do they agree with it or don't? It is not our decision to make those choices for people. And I think the media has evolved in a, in a way that now we're telling people what they should know and shouldn't know in the way of like, you should agree with me, or You should not agree with me, or you should not agree with them.'cause they don't know what they're talking about. So what we have to do, and I think I do this myself, I don't consume. All media anymore because it's very polarized. So who do I believe in the media spectrum is giving the full fact. That's who I'm gonna follow. That's who I'm gonna read. That's who I'm going to base my opinions and my decision making on not the one side or versus the other. Um, so consume the media that really aligns with fact-based information. Where's the study coming from? Who are the sources? Um, is this based off research that has been done? Can you understand the research? Also, because some research out here be saying things and I'm like. Who came up with that? Like what I, how many people did you survey, right? Oh, 50. Well, 50 is not the population, so maybe try again. That's not factual. That's not the population. So really think critical. Is this information fact or is it not? And then from there decide how do you wanna really go about. Who is this media company that I wanna follow? Who's other people or experts? Um, I'm really big on finding people who has the most expertise on the topic that I care about. Um, and I mean people who have studied it, people who have lived it, people who are doing the work now, not someone who did the work 15 years ago and is so disconnected and now is giving advice. The world changes, things change, people's priorities change. So how do we keep up with that? So really doing that, and I think it is a hard job that you do, um, providing, you know, financial advice to people.'cause people will be like, well I saw on the internet that they said there's a lot of things out there. Do this. Ah,

Stoy Hall: 16:36

please don't.

Daniela Molina: 16:37

Yeah. Or you should deck consolidate everything. And it's like. Oh, maybe you shouldn't. Maybe you should see what all of the options are out there. Speak with a financial advisor before you make those decisions because you saw an article online that said that you should probably do that Same thing when it comes with student loans, which is such a hot topic right now. Oh, well, like, oh, well maybe this is the best plan for me because I read an article that said that this is. Is that the best plan for you? Can you, are you comfortable having 50, 60, 70,$80,000 in debt for your student loans? Is your education worth that? It's up to you, but based it off fact. Um, and I think a lot of the world that we live in right now is not. Unfortunately not based on fact. Um, I believe the work that I do is based on fact. My colleagues, the work that they do is based on fact. Um, and I, this is why I continue to do the work that I do, where I do the work that I do, because I do believe that we stand on that. But just really consider who's the source. Who's the expert in this? And would you really count on them, um, to give you financial advice or just any advice in general? Like really be mindful because the media is meant to throw a hundred things out there and there's a lot of noise. Can you tune out the noise to figure out where the fact is?

Stoy Hall: 18:09

Absolutely. Our next segment is about your point of view, so this is taking your experience. Of life, your experience in your business, experience in college, everything that you have from your point of view, right? This is our opinionated side of things, as much as we can do. Um, what have you done or have you seen? For the, that first gen person, right? The one that's trying to lead their family to prosperity or whatever. What have you seen from them or have done yourself to really set hard boundaries? Because we know. Families, they don't necessarily always do it on purpose, although some do will pull you back down into the fray of that and not allow you to get ahead. So what's your point of view on being able to set boundaries between you and your family or loved ones?

Daniela Molina: 19:03

That's a great question. Um, I actually have a conversation with this with one of my girlfriends often, um, because they're a family and I'm blessed with one that doesn't do this. And, you know. But I know a lot of families do where they're like, Hey, you think you can pass me like some 200 bucks? I'm trying to, you know, family, the asses for money when you're already in a tight situation. Some people are living paycheck to paycheck, um, and some families are pulling them in. And I think setting boundaries with anything, setting boundaries is important. Um, you might look like the bad guy at that time. And to them you might be, and that's fine. But I think you need to remember that this is your life. They have lived theirs and they have, um, made the financial decisions. They did at the time, and all you can do is assist them with the decisions they made then, but it's not your responsibility to solve every problem for that. You have your own financial wellness to worry about. You also have generational wellness to worry about, right? Like if you decide to have kids in the future, like you wanna lead them in the path that maybe you didn't have. And so boundaries are like, no, I'm sorry, I'm in. I am trying to save this amount of money, or I'm trying to build something here or invest this amount of money at this moment, I can't help you do that. Um, and I think that's boundaries are important. Educate them. I, I continue to push that. If you, if you have the opportunity to not all families or welcome me of that, um, educate them, pass something over. If they see it, great. If they don't, don't, um, you know, um, I think all we can do is. Worry about our financial wellness.'cause when we get to a place where we feel good, that's when we can start working and helping other people feel good too. Right? Our testimony, the things we've gone through helps. So, an example of this is I'm like terrified of credit card debt. Like, truthfully, it, it, it really scares me and it scares me because when my parents came to this country, they just like. They didn't understand credit cards and they just got so many and it just like a lot of money. They owed a lot, a lot of money, y'all. And they ended up in bankruptcy, like to that level. Right. Um, and they didn't even, I wish they had known that there were other options rather than filing for bankruptcy. That there are, you know, businesses and nonprofits out there that will help you get your credit together. That they could pull their annual credit report. They didn't know how to do any of that. So. I'm not repeating that because my mom says, oh, we should get a credit card. We should not get a credit card. Thank you. I'm good on my end. Right. Um, and if they ask, and sometimes they might ask as they see you developing in your financial wellness, they might ask, Hey, I saw this deal on this credit card, but you know, I think the interest rates are a little high. Do you mind looking at it? Not everyone will do that, but I think giving them a space also for them to learn from you is the way that you sort of create those boundaries, but create them. Because what you don't wanna do is create the same financial. Hope that your parents were in to pass over to you, to pass over your next generation, to pass over your friends. Like if you don't have good financial habits, that will leak through everyone else around you. Like if your girlfriend loves going out every weekend and loves spending a lot of money, eating and drinking and all the things, and having a good time. That is good. Every once in a while. That's not good when you're trying to meet those financial goals you said you were gonna do at the beginning of the year and you just haven't. So you gotta strip boundaries. Boundaries. Hey girlfriend, I can't, I'm trying to do X, Y, and Z, you know, and let's start talking about money.

Stoy Hall: 23:05

Yeah, absolutely. We have to, if we don't Yes. We're gonna be doing the same shit we're doing and it does not work. Exactly.

Daniela Molina: 23:12

It just don't work.

Stoy Hall: 23:14

Not working. Alright, let's put your media hat on. Okay. How do you, and this one's actually for you to answer, but like, how do you separate or set boundaries from. You being your media personality into your personal, right. I know that's not like pure separation'cause you kind of have to do both, but like what do you do to kind of protect your personal side away from the media? I'm here, here's my face side.

Daniela Molina: 23:41

Uh, that's so hard. Um, I feel like my journalist. Hat is never off truthfully. Um, but I think it's really creating a space of being around people that don't know nothing about what you do and don't care anything about what you do. So they're not spending the day being like, oh, did you see what happened in the media? Like, no, I don't wanna talk about that. Let's, let's talk about anything else. I think, you know, for me it really is, um, finding spaces. Of people who have passions, who have other things they worry about. That's not just their career. So we can, so I can be myself. Now in the media, a lot of people will tell you, well, you know, you have to be this certain way. And this is what they basically teach you in journalism school. Like the expectations are these, and you have to stay in this box and you can't really give too much of who you are. Like if you're going to an interview, you're there for the interview, you're not there to small talk and I don't agree with that. I think being a human and showing up as a human and then my job being the extra, that's where I get the best interviews. That's where I build sources, that's where I build trust between me and my source, where later they'll call me and be like, Hey, did you hear about this thing that happened? That's because I showed a moment of being human. Um, and I think in the media there is a disconnect of like, I am. The teacher and you are my student. I don't see it that way at all. I think I can learn from everyone I talk to. So I approach everything as a human, so I get the blessing of being both the media person, like putting my media person head on, but also being a human at the same time. And that's what I live by. Um, other people are very like one or the other. I just don't think that's the way to do it. No,

Stoy Hall: 25:32

I don't either. I don't either.

Daniela Molina: 25:34

Well, you know, like we, we have conversations all the time and it's very like normal, regular, like, we're just chatting. That's how I want to feel. I want people to feel like, yes, I'm a professional, um, and I will showcase professional work, but I also want you to know that I'm still like a human at the end of the day, and if I don't have this job. I'm so human, right? Like I'm still navigating the world just like you are. So that's the biggest thing for me.

Stoy Hall: 26:00

Now, this is because this is how you operate because you're bilingual, but talk me through one how creating different segments and communicating in two different languages and how hard that is because you don't just like. Do one and then just have the transcripts and, and change it over the voiceover. You do two different segments, especially with me because, well, you know, I can't speak Spanish. The second part of that though is as a business owner, when you, when you look at me now, how important is it to have. Multi-language type content media, or how can I speak to more, um, you know, more Hispanics because I can't speak Spanish. Like, what do you say to those two things of communicating in both languages, but also as a business owner, like, how can I get into a different market if I, if I can't speak the language?

Daniela Molina: 26:51

Yeah, so being bilingual has been a blessing. I thank my parents for that, um, because my first language is Spanish, but I came to the US and I only knew English, like that's what I was taught in school. Uh, but my parents were super adamant about speaking Spanish in our household, so I never lost it. So doing these segments, I, I gotta be honest, it was never my intention to actually be on camera. It was never really my intention to do these segments to begin with. I never had this plan and, and like at all, I, I, you couldn't have paid me to tell me that I would've been doing this. Uh, but I soon found out as I was doing them in English, there was a huge community that was missing out of Spanish speaking community. Tends to be the one that needs the information the most. Um, and so I was like, I guess I have to put myself out there. Um, and it, I wasn't on camera. This was like, I was just tracking and I was putting these segments together, but I knew that me talking, I don't wanna be a talking head, I don't want an expert. So I started seeking out bilingual experts who were willing to share information. And then I also like. Conversation you gave such valuable information. I can translate that to so people can understand like, here's the values of our conversation. The things that you can do right now, if he's telling you, you should save this for sports. This is solid advice. It doesn't matter what language it's in. So for me, it felt like a duty to my community to share this information. Um, it felt like there is just a gap there and I don't think we have really fulfilled it. And I didn't know how many experts I was gonna meet along the way that actually spoke Spanish. I thought it was just gonna be me. And I was like, oh, great. Like I'm tired of listening to me. Can we talk? Can we bring an expert in? But to your question about what do you do when you don't speak the language? Um, just continue to give out great work. Like give really good financial advice if you can make a graphic in Spanish that has the information, like, you should save this. Or if you're thinking about, you know, I think those things are undervalued, but they're, they're impactful. They're impactful. Good advice. Doesn't matter what language it's in, it's good advice, right? So if you're giving me advice that really will set me up. I don't care if it's in English or in Spanish or in French or Italian. It's solid advice. So that's what I'm gonna use. So as a business owner, um, I encourage that. I encourage partnerships. You know, if there's someone in the community who's doing this sort of work that has a Spanish speaking background or is actively working to learning Spanish, um, and providing content out there, how can you partner up with them to do that sort of work? Um, it all, it takes for us really, and I speak for the Hispanic community, I guess when I say this, is we only just wanna see effort. Like, you don't have to know it all, but like effort really makes a difference. Like. Yes. I can't provide you financial advice. I can't sit down with you and talk to you in Spanish fluently, but you know what I can do? I can give you a sheet that has information that's very valuable. Maybe you had someone look at it as Spanish, like if you were to give it to me like, Hey, what do you think about this sheet? Is this like. Even if you use Google Translate ai, whatever you need to do to get it done, have it be reviewed by somebody and be like, is this valuable to someone at home? And then share it that way. Um, any source of information that the Spanish speaking communities can have to just advance themselves, I think that really helps.

Stoy Hall: 30:37

We kind of just bled into the next segment a little bit with that. And that's like actual steps. So first, do what she just said. Okay. Uh, start with just, uh, a sheet, a pamphlet, a something, right? Um, to show, to show effort. I know that's what I'll start be doing even more so as we go. Um, so that's your first actionable step. People look at that. It was easy. Didn't have to go anywhere. Now let's do two more action steps for people and. This next one is kind of a blend of everything that we've been discussing with you. What is, how do I ask this? What is the, your opinion, what is the best way to start the money talk during these holidays with your family?

Daniela Molina: 31:21

Well start early. Um. It's hard, right? Because Hispanic communities like this is our time to shine. If you've never been to a Hispanic party, I'm gonna tell you, we go full out. We go full out for Christmas, we go full out for every holiday we can. Uh, but the reality is our funds don't go fool out. We put ourselves in financial hurdles by trying to please everybody. So one, have realistic expectations, like, sit with your family.

Stoy Hall: 31:52

No, don't do it now, and talk

Daniela Molina: 31:54

to them like. Hey. Um, I feel like this year we're a little tight on money. Oh, did I freeze?

Stoy Hall: 32:02

You did for a little bit, but you're good now. Keep going.

Daniela Molina: 32:04

Okay. Um, we're a little tight on money. Have that conversation, like, okay, what do we wanna do for Christmas this year? Like, big picture and have a conversation. Oh, well I wanna travel, or, no, I think we should have a party, or no. What if we do a secret Santa like. Have a realistic expectation of what your family can do, and then go look at your budget. Can you even do that? You know, the reality is like, if you're not sitting down knowing what money comes in and what money comes out, you, you skip the main step. You skip. The expectations are great, but do you have the money to do them? So in my, his, in my household, you know, some years have been tougher than others. Right. Like, and when you get into adulthood, it's very different. Like you're not getting Christmas gifts and things like that, but you're still traveling, maybe you're still visiting family. And so, um, we are like, okay, so what are we doing? That's the big question, like a family. Am I traveling over there? Are you guys coming up? Like what are we doing? And from there we're like, okay, well we can't really do Christmas gifts, so what if we do one gift for each person? Like, and this what my family does. So it's just the three of us as my parents and me, I'm an only child. So we do the, okay, I'm giving a gift to dad and I'm giving a gift to mom. Mom's giving a gift to dad and giving a gift to me. Dad is giving a gift to mom and me. We all get a gift. We all satisfy each other. We all spend that moment opening each other's gift and feeling like really rewarding and that's it. And we didn't go over budget trying to throw something big or, oh, I'm gonna give them like 30 gifts because like, no, let's be realistic. Um, sometimes scaling down is good. Sometimes it's like the gifts that you do that are meaningful or that there's some thought behind them. Like, don't just buy to buy. Um, material things last today. They don't last very long. Like, you know what I mean? Like really think about the value of the gift that you're giving and the time that you're spending with your families and have that conversation, um, and don't feel like, oh my God, they're gonna be like, I'm poor. And avoid that. Like, that's, that's not the conversation. The conversation is realistically, where are we at this year? What, what can we do and what does our budget allow for us to do? And seriously start planning ahead. Like, don't wait Black Friday to start getting some Christmas gifts. Yes, the deals are good, but like you should probably have had the time, like you've had a whole year to prepare for Christmas, like, and uh, something that I've noticed to be a little more intentional. Me and my family has started doing is Amazon allows you to create lists of things that you want. How about you buy something off that list that you know for sure somebody else wants, rather than buying, oh, here's a little case of perfume and you didn't want perfume. You have like 500 in your house. Intentional buying, intentional spending, um, and just have the conversation.

Stoy Hall: 35:15

Yeah, just have the conversation. Simple as that.

Daniela Molina: 35:18

It's, it's simple. Like I think people avoid it thinking it's gonna go worse than they expect, and they'd be pleasantly surprised that sometimes just having that honest conversation is better than avoiding it, and then later feeling that financial burden because you overextended yourself and now you're even more in debt than maybe what you were from the previous year. So have it. It's not, let's break this taboo, y'all. Seriously.

Stoy Hall: 35:47

Let's break the taboo. Let's do some critical thinking for ourselves, right? Base things, off facts, and ultimately just reach out and communicate to each other. And I think not only will that help you in your wealth journey, that'll help you just as a community and as a family, as you know. As times are tough, right? Mm-hmm. Um, and the things just keep getting sometimes worse, uh, as we speak. So I appreciate your time. I know our listeners will too. And everyone stay tuned'cause the next episode that we'll have her on. Not the 12 days of giving one, but her full episode. We're gonna dive into a little more media training for a lot of you because you need it. Okay? I, I've seen a lot of stuff. Y'all need some media training. You need to be in the media more. So go ahead, check out, uh, Daniella's. On the website, all those things reach out to her. Too bad. I'm already on her list as a source, so you can't outbeat her. Yeah. But I know that she'll take more specifically if you guys are Hispanic or Spanish speaking. So without further ado, we appreciate you. Look forward to having you on next time.

Daniela Molina: 36:53

Thank you.

NoBS Wealth: 37:08

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