Unlearning Money Trauma and Building Collective Wellbeing with Jasmine Rashid

Have you ever considered how your personal history and identity shape your relationship with money? In this thought-provoking episode, we explore the intricate connection between financial well-being, activism, and our sense of self with Jasmine Rashid, author and financial activist.

Important Links: 

1. The Brown Way To Money Academy is Open! Financial Independence for Women of Color is here >>> www.themoneymindsethub.com/Academy
2.  Our Guest Socials >>>  https://www.linkedin.com/in/jasminerashid/ and https://www.instagram.com/jazz_ny/ 
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Uncovering Financial Trauma

Through her work with the Trauma of Money program, Jasmine discovered that even those well-versed in finance can carry hidden money traumas. She emphasizes the importance of addressing these wounds to create a healthier relationship with wealth and abundance.

 

Financial Activism: A Path to Collective Well-being

Jasmine introduces the concept of financial activism, explaining how everyday people can leverage their financial decisions to support causes they care about. From banking with Black-owned institutions to mindful investing, she offers practical strategies for aligning our money with our values.

 

Key Takeaways:

• Understanding the role of identity in shaping our money stories
• Recognizing and healing from financial trauma
• Practical ways to engage in financial activism
• The importance of considering our financial legacy for future generations

 

Jasmine's upcoming book, set to release in September 2024, promises to be a comprehensive guide for those looking to reclaim their financial power and contribute to collective well-being.

This episode serves as a powerful reminder that our financial choices can be a force for positive change. By understanding our own money stories and taking intentional action, we can create a more equitable and just financial landscape for generations to come.

00:00:00
Jasmine's Journey: From Wall Street to Financial Activism
Jasmine shares her background growing up near Wall Street with a financial advisor father, giving her unique insights into finance and inequality. This sparked her interest in democratizing financial knowledge and exploring how underrepresented communities can reclaim wealth beyond traditional capitalism.

00:07:55
Understanding Financial Trauma and Building New Narratives
Jasmine discusses how the Trauma of Money program helped her unpack her own money trauma and shift from fighting against systems to building new ones. She emphasizes the importance of creating narratives that work for individuals to claim wealth for wellbeing, not just money.

00:16:23
From Activism to Authorship: The Birth of a Financial Activist Playbook
Jasmine explains how her background in peace studies, activism against family separation policies, and work in impact investing led to writing a blog post on financial activism. This evolved into workshops and eventually her book, aimed at empowering everyday people to leverage their financial power for social change.

00:27:45
Identity, Ancestral Stories, and Financial Well-being
Jasmine emphasizes the importance of understanding one's identity and ancestral stories in relation to money and financial systems. She encourages exploring personal money stories, recognizing generational trauma and resilience, and considering how current identities shape financial experiences and future legacies.