Episode 369: Setting Financial Boundaries with Family & Maintaining Healthy Relationships w/ Gigi Gonzalez

Back on the podcast this week is Giovanna “Gigi” Gonzalez, financial educator, influencer, founder of The First Gen Mentor, and author of Cultura & Cash. Gigi discusses how to set financial boundaries with family as a first generation immigrant using her Quiero y Puedo framework which stands for “I want, I can” in Spanish, by first asking yourself if you truly want to provide financial support and if you actually have the financial ability to help. GiGi shares examples of how she has set financial boundaries with her family and emphasizes being comfortable saying “no” to requests, even if it means being seen as the “black sheep.” 

In this episode you will learn: 

• How you can set financial boundaries with family but still be supportive in other ways
• How to manage different financial priorities with a spouse such as turning to couples counseling to understand each other’s “why” around money. 
• Why gifting money you can afford is best rather than loaning money to a family member to avoid straining relationships if money isn’t repaid
• Tips if you’re wanting to write a book or launch a big project + much more!

Enter for your chance to win a copy of Cultura and Cash by Giovanna Gonzalez. The giveaway will be open from April 10th 2024- April 15th 2024. Three winners will be announced on April 16th! (must be 18+ & a US resident to enter). Go to journeytolaunch.com/win to enter.

Other Links Mentioned in episode:

• Check out Gigi’s book, Cultura and Cash
• Get your copy of my book: Your Journey To Financial Freedom
• Leave Your Journey To Financial Freedom a review!
• Get The Budget Bootcamp for FREE
• Check out my personal website here.
• Join The Weekly Newsletter List
• Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast!
• YNAB –  Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 34 days trial of YNAB, my go-to budgeting app by using my referral link.
• What stage of the financial journey are you on? Are you working on financial stability or work flexibility? Find out with this free assessment and get a curated list of the 10 next best episodes for you to listen to depending on your stage. Check it out here!

Connect with Gigi:

• Website: TheFirstGenMentor.com 
• Instagram:@GigiTheFirstGenMentor

Connect with me:

• Instagram: @Journeytolaunch
• Twitter: @JourneyToLaunch
• Facebook: @Journey To Launch
• Join the Private Facebook Group
• Join the Waitlist for My FI Course
• Get The Free Jumpstart Guide
• Get The Budget Bootcamp for FREE