Episode 28 - Building Wealth: From Assets to Liabilities - A Guide to Realigning Your Finances with Centario Grier

In episode 28 of the "Realign Your Life" podcast, host Vivian Smith Richardson is joined by guest Centario Grier to delve into the world of finance and its impact on realigning one's life. They begin by discussing the influence of social media on younger generations and the need for open conversations about finances and generational wealth. 

The importance of understanding assets versus liabilities for tracking wealth and the role of estate planning documents such as wills, trusts, and powers of attorney are emphasized. They highlight the importance of having life insurance and prioritizing protection for one's family. 

The episode also explores the roles of financial advisers and financial planners, encouraging individuals to seek professional advice to navigate their financial goals. They stress the need for communication and trust between generations to protect and maximize assets. Additionally, they caution against relying solely on social media for financial information and recommend seeking reliable sources and surrounding oneself with trustworthy professionals. 

The episode concludes by emphasizing the significance of building a strong financial foundation through protection and investment, ultimately realigning one's life toward long-term financial security.

 

Key Moments: 

[00:06:15] Discovering purpose, falling into opportunities, misconceptions

[00:07:44] Protection is key; insurance is foundational.

[00:11:51] Speak to an estate planning attorney for 5 primary documents: last will and testament, medical directives, durable power of attorney, medical power of attorney, and trust.

[00:15:17] Differentiating between financial adviser and financial planner.

[00:19:30] Social media changed the world; wealth is assets, not earnings.

[00:26:25] Social media can help or harm you. Be cautious and seek professional advice. Research and listen to relevant podcasts.

[00:35:16] Communicate, seek professional advice, secure generational wealth.

About the Guest : 

Centario Grier is a passionate entrepreneur who believes in the power of collaboration and teamwork. He is the fortunate owner of a successful business, thanks to his amazing business partner and dedicated staff. Centario is deeply committed to his work and understands that the topic of money carries both logical and emotional weight, especially for people of color. He acknowledges the relatively new relationship between people of color and money and has developed a process at his company, atjandg, to educate and empower individuals to improve their financial situations. Centario is an open book and eagerly looks forward to engaging in meaningful conversations.

 

About Vivian : 

About Vivian - Vivian’s lifetime desire has been to impact the lives of both women and men. As a critical thought leader and strategic thinker, her passion is to help women and men develop their best quality and place in life. Knowing that regardless of what season of life they are in – they are valued. As a community builder and masterful networker, she values and welcomes every person she encounters. Through her interactions with various cultures and backgrounds, the realization that there needed to be a platform for them to express and share their concerns, shame, disappointments, desires, and experiences in a safe, non-threatening environment without judgment led her to establish Vivian Richardson Resources and the non-profit God’s Kind of Woman, where women are empowered to know they are Powerful – Prepared – and –Purposeful!