“The number one problem in today’s generation and economy is the lack of financial literacy” Alan Greenspan
Do you want to do ‘more with your money’ but you are not sure where or how to get started?
Do you want to take control of your finances but have struggled to find clear directions?
Does investing seem a bit intimidating or scary?
Are you worried about making a mistake because you don’t understand how investing works?
Do you feeling completely confused by financial jargon to the point that you haven’t been able to take action?
Do you fear that you simply aren’t making the most of your money?
If you want to grow your money, gain a better understanding of your 401k and investing options and overall increase your financial IQ, you’ve come to the right place!
It’s extremely common to feel anxious and stuck by a lack of financial understanding.
40 percent of adults say they would give themselves C’s, D’s and F’s on their grasp of personal finance concepts.
Unfortunately, there repeating patterns that occur in communities of color that cause the racial wealth gap to increase. You can see the outcome below.
We need to become more comfortable with and encourage talking about money. Otherwise, each individual continues to make their own financial mistakes and unnecessarily learn lessons the hard way over and over again.
Continuing these patterns are detrimental, but you can stop the cycle by educating yourself and learning to use money to your advantage to create your ideal life.
Understanding how to manage your finances on your own or just knowing the right questions to ask when working with a financial services professional are extremely valuable skills.
Mission and Values
I believe that finance doesn’t have to be complicated, confusing or risky.
I started Ms. Engineered Wealth for a number of reasons. One of the biggest was to stop this story from repeating over and over again.
I was tired of seeing people be taken advantage of due to their Low financial literacy. I want to help stop this.
I want to make finance accessible and Less intimidating so that you feel well equipped to manage your own finances. I want to show others how money can be used as a tool to create options/choices, freedom, stability and economic advantage.
I want to help you leverage your college degree and high paying job to take advantage of that money to create real wealth for your own families and community.
I aim to help people of color close the racial wealth gap by educating and empowering you to make informed decisions and create your ideal lifestyle.
I’m Claudia, your financial coach!
I grew up in a hardworking middle class Caribbean family, where the focus was always on getting good grades and then getting a good job.
My mom had one job her whole career and my dad was a true entrepreneur that never wanted to have a 9-5.
In stark contrast to my neighborhood environment, I went to a school where the majority of my classmates were wealthy kids whose parents owned their own businesses.
I saw firsthand how differently my wealthy friends’ parents talked to them about money and business. But in my family and neighborhood no one talked about money. I saw how differently these two communities approached money and used it to their advantage.
until shortly after college, I didn’t have much interest in personal finance.
I was blissfully living in financial ignorance.
Using money from my part time college job, I first dabbled in investing through a financial planner that my parents recommended. I thought I was doing the right thing, but years later after talking to a second financial planner, I found out, years later, that I had not made any return on my money.
I quickly realized that I didn’t know anything about managing money or how to grow it. But now I was curious. So I resolved to learn as much as I could about how to master my finances.
My family couldn’t help. Asking them was pretty much the blind leading the blind.
So I turned to the library. I learned by reading as many books on personal finance, investing, and entrepreneurship that I could my hands on (and a bit by trial and error).
Now, 15+ years later, I would officially call myself a finance nerd and on my way to reaching financial freedom.
All that education has made me confident in making financial decisions. It has allowed me to manage my own investments and ensure my money continues to grow.