Latina Financial Education, Investing & Wealth Building: MoneyChisme

136. Stop Taking Money Advice From People Who Aren't Building Wealth

Violeta Sandoval Episode 136

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0:00 | 17:24

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If you've been working hard on your financial goals but still feel like you're doing it alone, it may be time to take a closer look at the people you're surrounding yourself with.

In this solo episode, Violeta explores how your relationships, friendships, and community can have a powerful impact on your financial journey. She explains why building intentional friendships with people who share your goals, values, and mindset can help you grow faster, stay motivated, and make decisions with greater confidence.

Drawing from her own experiences—from hearing well-meaning but fear-driven advice from family members to intentionally seeking out like-minded Latinas and entrepreneurs—Violeta shares how expanding her circle expanded her vision. She discusses the difference between networking and building genuine relationships, why not every friend has to fill the same role, and how finding the right community can be the catalyst for your next financial breakthrough.

Throughout the episode, she encourages listeners to audit their current circle, seek out communities that align with their goals, and remember that sometimes the biggest shift in your finances comes from changing your environment—not just your budget.

We cover:

  • Why your financial growth is influenced by the people you spend the most time with
  • How friends and family can unintentionally keep you in survival mode
  • The difference between networking and building meaningful friendships
  • Why expanding your circle can expand your financial mindset
  • How financial anxiety from loved ones can impact your decision-making
  • Why it's okay to have different friend groups for different seasons and goals
  • How finding like-minded people helped Violeta grow as an investor, entrepreneur, and content creator
  • The importance of seeking communities that encourage growth instead of fear
  • How intentional friendships can provide accountability, motivation, and valuable resources
  • Why your next financial breakthrough may come from being in a different room, not creating a better budget
  • Questions to ask yourself when auditing your current circle and support system
  • How to start building relationships with people who align with the future you're creating

This episode is a reminder that you don't have to build wealth alone. The right community won't just cheer you on—they'll challenge you, inspire you, and help you see opportunities you may never have discovered on your own. Sometimes the fastest way to level up your finances is to surround yourself with people who already believe in the life you're trying to build.

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I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Please consult a licensed professional before making any financial decisions. I shall not be held liable for any losses you may incur for information provided in this video. Please be careful! This video is for general information purposes only and is not financial advice.

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Violeta

Because sometimes your next financial breakthrough is not just creating a better budget. It's sometimes just being in a better room, surrounded by people that are going to motivate you, that are going to support you and help you achieve your financial goals. I am talking about the people that you surround yourself with. Because your friends and family can either expand your vision or shrink it all back down to survival mode. What if the reason your financial journey feels so heavy is not because you're lazy or behind or bad with money. What if it's because you are becoming a newer version of yourself while still surrounded by people that only know the old version of you? And I'm not talking about kicking your family members or your friendships to the curb. No, I am talking about when it comes to like money management, your financial goals, like investing, building wealth, even starting a business or just getting your financial shit together. I am talking about the people that you surround yourself with. Because your friends and family can either expand your vision or shrink it all back down to survival mode. And I know I have dealt with this because when it came to investing, I still hear this actually from family members. Like every time I buy another property or whatever, they're like, oh wow, that's too much debt, that's too much risk, yada yada yada. And if I was just to listen to that and hear their advice or just their concerns, I would not be where I am today. And I am not talking about that they are being toxic or anything like that. Sometimes it just comes from wanting to protect you, especially like your family or your friends. They might be coming from a place of financial anxiety, of financial trauma. I know that's the case with my family. Every time they say this to me, I know it's stemming from financial anxiety. And so that can really inhibit you. It can scare you off. It can feed into your own financial anxiety to the point where like you might avoid starting whatever financial goal it is that you're trying to achieve, or just you know, staying where you are at. So today I want to talk about building intentional friendships, going out there and finding your people, people that have similar goals, similar mindsets. And we hear this all the time about your net worth is your network, or you know, your network is your net worth, whichever way you want to say it. And yes, of course, that comes into play, but I want to kind of dive a little bit deeper of making a connection because I'm not talking about going to events and just collecting business cards just to build a network. I am talking about building meaningful relationships, friendships, a community that, you know, is not just all about take, take, take. You also want to contribute and, you know, eventually pass it forward and help the person that's coming behind you and not close the door behind you, obviously. Because sometimes your next financial breakthrough is not just creating a better budget, it's sometimes just being in a better room, surrounded by people that are going to motivate you, that are going to support you and help you achieve your financial goals. But before we get into that, help me out a little bit. If you're watching this on YouTube, like and subscribe, drop a comment down there, and if you're listening to this on the podcast, give a rating, share this episode, you know, share it as a story on Instagram or whatever, because all of that just helps us grow and help reach more Latinas and help spread this message. So also don't forget that there's a lot of resources down in the description in the show notes. So definitely check that out. So again, I want to talk about building a community, building friendships, seeking out friendships with intention. And I wanted to talk about this because it just kind of I guess dawned on me, or I was just reflecting recently because I just met up a new acquaintance, a new amiga out here that I found on Threads, which shout out to that. I don't really like Instagram too much. Instagram doesn't really like me, I can't figure out the algorithm right now. I have a new strategy that I'm gonna implement to hopefully grow my Instagram. But threads is a different level. I have met so many people through there and built my community and my network through there. And so it was the same case recently where, like, yeah, I've been, you know, networking with other Latinas, but I really wanted to have somebody that's local that I can meet up with coffee because I need to get out the house. Like, I'm a mom, I work from home, my husband works from home, my sister works from home. Like, we're all just here. And although I love my terreno, I love going out here in my garden, love spending time with my sister, my family, my daughter, my dogs now. I have dogs again, and my chickens, and all of that is really relaxing. And yes, I'll have like co-working, you know, where I have my friend Gabby. Gabby's the one that shout out to her if you need branding, a website or anything like that. Man, she is bomb. She did Money Cheese Me, and she's done other Latinas, and man, she really nails it out the park, which I am going to give a huge shout out to her. And she's actually coming back to the podcast to do another episode and kind of like do an update because she did a podcast episode about branding. I'll put that below, which again, part of the network, right? I found her and build a friendship with her, and now we co-work sometimes. And even though I have that, I still need, like I said, get out the house, but I also want to have intentional friendships. And so I went on threads and I was just like, hey, you know, anybody in the San Antonio area that is a Latina, that owns a business, building a business, or X, Y, and Z, right? I had a whole spiel on there, and I found Christina, which was already in my network, but you know, we followed on Threads and on Instagram and here and there. And so come to find out, she's here in San Antonio, so we met up for coffee. And when I left, I felt so motivated, like my cup was full, and she put me on events and resources organizations that are here local because there's some goals of mine that I want to achieve and things I want to do. And so, like, I just came back like all motivated, and I have homework to do, uh, the things that she gave me, and I just realized that like how far I've come ever since I shifted that mindset of making friends with intention and really trying to build those relationships because I was just surrounded by, you know, like I was in the military and my family members and things like that. So I was limited in kind of that mindset. I was just in that mindset of like, I'm just gonna pay my bills, yes, I'm gonna save, yes, I'm gonna buy my house. But then once I started shifting to meeting people with different kinds of financial goals and bigger aspiring goals, like my mind expanded. And then once I started making intentional network, because I feel like to me, there's a difference. Like, yeah, I could go to an event and network and make connections, but making friendships, it has been such a difference because finding people that have similar goals, the similar ambitions, similar values, that is a big difference. I feel seen, I feel heard, I feel supported versus just going to a workshop or just a group meeting, whatever, with yeah, they have similar financial goals, like they all serve a purpose, and I don't want you to have that takeaway of thinking that like you gotta dump your friends. Everybody in your space can take up space in your life, right? Basically, for example, I'm a mom, so I'll have like you know, mom friends as well that I still want to have those relationships with intentions because I have different views on how I want to raise my daughter, but you know, she needs friends and play days and things like that, and also you want just friendships that maybe you just want to have girl time, right? Someone to go have brunch and do your nails, all that. But if you are finding that you're going to hang out with somebody, and then when you bring up maybe building a business, investing in something, and you're finding that you're leaving those conversations kind of like feeling like you're crazy because maybe they're not in the same mindset right now, not saying that they can't ever be in that mindset, but maybe they're still dealing with financial anxiety and they're telling you, like, oh no, girl, that's too risky, like that's loca. Why would you do that? Like, no, that's greedy shit, like that's rich people shit. Like, you know, if you're finding similar conversations, and again, they might be coming from a place of protecting you and things like that, and again, they have to deal with their own financial anxiety stuff. Maybe it's time to find different friendships, right? That have those goals or are in that headspace or are doing the dang thing right, and you can still keep them, but just know that like with them, I'm just gonna go have brunch, have fun girl time, and then for my goals and building businesses and whatever, now I have this other friend group to do that with, and you will see how big of a difference, how much it will accelerate your financial journey. Because as I was reflecting, like that made a huge difference with me when I with real estate investing. Like, I knew a few people and they kind of talked about it, and I kind of mentioned it, and I joined the Facebook group, but it didn't accelerate until I actually got into a tighter, smaller group, and we just talk about it. Matter of fact, I have a meeting with them today with my support group for that, and they fill my cup because this is a military group, a veteran group. So we also talk about other aspects of military life and things dealing with that, but we're in real estate investing as well, and that serves this purpose. But now I have my Latina community, like for example, Christina. Shout out to her. I will try to link her down below so you can follow her as well. She's awesome. And but she fills my cup in a different way because we're talking about Latina experience and our goals. We want to help other Latinas build their businesses with me. Of course, Money Cheese is the whole reason I started with this, which is how Money Cheese started, was because I joined a network and then I was gonna start it off as a blog, then it became a podcast, and now it became two podcasts, and so now I'm kind of like navigating that as well because I still want to keep Money Achievement as a resource, as sharing our stories and sharing my story. And then I also have real estate cheesement where I really talk about investing in real estate tips, our journey. My co-host, there is another Latina who's a real estate investor, and we really just that's a good resource and network as well. So if that's something that you're interested in, definitely check out the real estate cheese podcast and also my community that I am growing. We are slowly growing. I just started it, and that's where I plan to also have a community with like-minded Latinas. Uh, it's open to anyone, but you know, it is catered to Latina. So if you send me a request on there, just know I have some questions on there, like make sure that you're supporting the Latina, you're not coming in here starting shit or trying to overtake it. You can join, but I really am catering this for Latinas to support each other and help each other investing, and you could ask me questions there. So, anyway, that's down below. So, bringing it back is like if you are finding that you're leaving these meetups with your friends, then definitely go out there and start looking for a different network, different friendships that are going to fill your cup in that way. So, again, once you get into it, I don't want to go too much into this and ramble too much because I don't want to take away from the plot of this episode, which is basically again just making intentional friendships. Like, just do kind of like an audit, like reflect on who do you have in your circle? What are your financial goals? And you know, ask yourself, you know, like what are you learning right now? What are your goals that you want to work towards or are wanting to? What's your mindset like? Are these people having a positive mindset shift or are they just keeping you in that survival mode or just kind of a different mindset that you need to accomplish these financial goals and figuring out what season you are in? And again, this obviously is for like money, right aspect, but it applies in all your aspects of your life. Again, I mentioned being a mom, but also like gardening, I'm homesteading. So I would like to get into a network with that that's going to help me learn because man, let me tell you kind of like side note this this gardening season, this first year of homesteading has been a struggle, especially since this year, for some reason San Antonio decided to get a whole bunch of rain, which has one, it rotted out my potatoes, so that was not fun. It just wasted my corn, like has been not to par either. And then there's a whole bunch of grasshoppers that I didn't know about. So luckily I got chickens, and hopefully that will fix it for next year. And then the trees I'm gonna have to dig up because this dirt is so like compacted, it's good dirt for some things, but it ends up becoming like basically a clay pot. So I think I have to dig up all my fruit trees and redo their root and maybe put better dirt that drains more so that way the roots actually grow out because I think they're kind of stunted right now. So I already did that to my avocado tree. Hopefully, it doesn't die. But on the plus side, I grew some watermelon. I just cut one yesterday, tasted really good, and I have like five more growing. My yellow squash has been growing like crazy, had to replant it, and my tomatoes are doing okay, but yeah, anyways, sidetracked. Yeah, I want to make some friendships with homesteading to fill that cup. Of course, I have my amigas here that are for my money goals and things like that. So everybody can have some space in your thing. But when it comes to your money goals, just be aware of what friendships you are having for those things, like who you're talking about, you know, building a business. Are they motivating you? Are they hyping you up? They're supporting you. Are they friendships that have resources? Again, like we have so many Latinas that are out here doing the thing. Like, I have people that can teach you about investing in stocks, how to pay off debt, building a business, public speaking, me, real estate investing, and my co-host. Like, I have so many things. So, whatever financial goal you might be going for, chances are I know somebody. So don't hesitate to reach out and ask me if I know somebody for resources. You know, there's communities out there, some are paid, some are free. Just yeah, feel free to drop a comment if you're watching YouTube or whatever, or DM me or whatever for a resource, or just go be nosy on my Instagram. My followers, not my followers, the people I'm following. All of them are mostly Latinas that are in some type of money thing, right? So check that out. You could always go snoop over there and see who you can follow that might motivate you or you might connect with, and so on. So, yeah, I'm gonna end that there. Again, don't forget to share this. Resources are down below, and I will see you in the next one. Bye.

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