The Rich Immigrant

Send us Fan Mail We did it Joe!  After two years of having it as a goal, I finally opened a 529 college savings account for my unborn child(ren). In this episode, I share my experience breaking down the conversation into the following: What is a 529 account Why this account versus other investment vehicles Why I opened it without having a kid How im able to open an account pre-kid What Happens IF...

Send us Fan Mail Its my birthweek and in this episode of the podcast, I chose to start a new tradition here. I share lessons i've learned or that have been reaffirmed in the past year. Happy Birthday to my fellow virgo/September babies!!  Thank you for the gift of your time and attention. Thank you for listening to this episode of the Rich Immigrant podcast, please give the podcast a 5 star r...

Send us Fan Mail You heard/read that right. I'm still in shock and I don't think it'll sink in that I now live here for a while. In this episode, I talk about: 1. My move from Minneapolis USA to Tokyo, Japan a week ago 2. Why Japan 3. What the move means for this platform 4.  How I'm feeling from when it came up, to leading up to the move, to 5 days in Tokyo 5. How this move fe...

Send us Fan Mail I'll be honest, this topic has been on my mind since I bought my home a year ago. I'm simply one of those people that aren;t comfortable owning a certain amount of money. I figured I'm not the only one that has these thoughts so lets talk about how to pay off your mortgage faster.. In this episode, we talk about: 2 situations where  it might not be the best idea to...

Send us Fan Mail I'm so excited to finally have this part of my conversation with one of my best friends about money and friendships.  In this conversation, Kemi and I not only model money conversation, but we tackle insightful aspects of money and friendships. Our conversation covers:  Her first financial aha moment Graduating from her MBA with student loans and how she started her path to p...

Send us Fan Mail The podcast is back with Season 8!! I'm kicking off this season by reflecting on some amazing news! I got the biggest promotion of my career, effective July 1, I was admitted into the Partnership at the firm I work for. I've had some time to reflect and also took over 20 questions from you. In this episode, I talk about:  My reaction to the promotion Whether I always wan...

Send us Fan Mail We have finally come to the end of the longest season. Even as I look back on the last six months of my life, what a rollercoaster it has been! In this final episode of this season, we talk about My half-year recap and I answer 6 listener questions on How I got my first promotion at Work Navigating professional and career growth abroad Paying off student loans vs maxing out retire...

Send us Fan Mail What does it cost to be a bridesmaid in 2023?  The financial cost of being a bridesmaid is regional, cultural, and situation-specific. However, we can all agree that things seem to have gotten a bit out of hand in recent times. It is a great honour to be asked to stand next to a close friend or family member on one of the most important days of their lives, but it can also get exp...

Send us Fan Mail It's very obvious that life insurance should be a part of financial plans for those that have dependent children, and spouses, but what about singles? Up till now, I've either said no to life insurance or  at lest, I have been on the fence.  In this week's episode of the podcast, I talk about why  I'm changing my mind about life insurance including: 1. Life ins...

Send us Fan Mail If you follow me on Instagram, you know that I have thoughts on this Netflix series by Ramit Sethi.  Sethi is somewhat of a household name in the personal finance space and I've read his book and frequently shared his podcasts on the gram.  In this episode though, I share my reflections on the Netflix series. I talk about 1. Themes from the show 2. Diversity of the cast 3. Ho...

Send us Fan Mail In honor of April being Financial Literacy Month, I wanted to share some of the best episodes of the podcast over the last (almost) 3 years. Let's break it down into 4 categories of podcast episodes that are helping immigrant build their financial literacy but also live fully at home and abroad: Most Popular Episodes (Listener Faves) 1.  Building Adult Friendships - Episode 5...

Send us Fan Mail Everyone tells you that you need to save and invest for retirement, but what does that mean in concrete numbers? How much do you need to save/invest over time to be on track to retire without being a 'burden' to the next generation? In this episode, I talk about: 1. 2 different ways to calculate how much you need to save/invest for retirement 2. Method 1 is replacing a p...

Send us Fan Mail When my friend suggested that I talk about this on the podcast, I said, why not? In this episode of the podcast, I talk about the state of my finances during the following phases of my life My early 20s - super broke In my mid 20s - got a full-time job, started to pay off debt, Felt behind, and isolated financially In my late 20s - debt free, budget traveler, saw the impact of not...

Send us Fan Mail Procrastinating can be expensive and I certainly experienced that last year. In this episode, I'm sharing 5 ways that my procrastination ended up costing me money in 2022. 1. Last-minute eye exam and glasses order 2. Last-minute flight bookings 3. Signing up for city-subsidized parking at work 4. Corporate credit card expenses 5. Canceling services timely As you can see, all...

Send us Fan Mail Welcome back to the podcast! There's been so much going on so I had to address this head-on, and in doing so, break things down. There's been a lot of sensational headlines, and even misinformation so I decided to share a bit for informational and educational purposes. This is NOT financial advice. In this episode, I talk about: 1. Silicon Valley Bank's background 2...

Send us Fan Mail If you know an immigrant, there's there's a good chance you know someone that pay Black Tax every month. Is Black tax a blessing or a burden? Let's talk! In honor of Black History Month,  let's talk Black Tax and Immigrant/BIPOC community. The origins of Black Tax Black Tax in my family growing up and how it was the norm When does gratitude turn into guilt and...

Send us Fan Mail I've been wanting to share this for a while now and I'm glad to finally be sharing this. Purchasing your home is a big deal, purchasing your first home as a single person and without family is a bigger deal. In this episode, I talk about 5 lessons I learned from purchasing my first home.  1. 20% Downpayment may not work for everyone 2. Understand the eligibility rules of...

Send us Fan Mail Happy new yearrrr. As you'll hear in the energy in this episode, I'm excited to be back with Season 7 of the podcast. In this episode, I talk about 7 things we need to do differently with our finances this year.  1. Addressing the convenience of online shopping because online shopping has proven to be a budget killer 2. Being intentional about where you put your money ba...

Send us Fan Mail In this bonus episode, join me as I sit down as I reflect on 2022. and share an exciting announcement. In this episode, I  1. Thank You the listener for being along for the ride 2. Share about how this year has been equal parts wonderful and heavy! Many high highs and low lows 3. Share about how I'm winding down the year and spending the holidays 4. Share about my finances fo...

Send us Fan Mail In time for the holiday season, this episode discusses a timely reminder for important conversations to have with your parents as you gather around the table or even a facetime call.  In this episode, I discuss Having picture conversations about what retirement will look like Estate planning discussions Questions to ask your parents about where they plan to live in retirement Unde...

Send us Fan Mail Let's break down retirement investing as simply as I possibly can. In this episode, I talk about: The burden of being the sandwich generation and the norm for kids to provide for their aging parents in certain cultures Why it is important to invest for retirement and why investing for retirement is generational wealth Types of accounts to use to invest for retirement Why inve...

Send us Fan Mail Ayooluwa really paid off $45k of student loan debt in one year and  it took an incredible amount of focus and sacrifice. I'm excited to bring you our conversation this week. In this episode, we talk about:  How and why she moved to the United States in 2016 How she took a leap of faith after a fully funded scholarship by the Nigerian government did not materialize at the last...

Send us Fan Mail Let chit chat this episode while I share 5 things you should know about in November 2022 1. The Fed has raised interest rates again. What does this mean and what did the Fed say to expect? 2. The twitter saga with Elon Musk. #drama #MrErratic 3. Tech job freezes and downsizing announcements 4. IRS announced limits for 401ks, IRAs, and HSAs for 2023. Let's talk about it 5. Pow...

Send us Fan Mail When I first started at my full-time job 13 years ago, benefits enrollment and open enrollemt were foreign languages to me. With no one to talk to, I read part of the jargon, made my elections, and kept it moving for SIX years. It would take me that much time to realize that I'd been selecting the wrong health insurance plan .  It's that time of the year when employees o...

Send us Fan Mail OG Listeners will recall we had this recession conversation in June (Episode 54 of the podcast). However, since then Central banks have continued to struggle to control the flow of money and the Federal Reserve has raised interest rates 5 different times this year (so far) Inflation reports for September show inflation at 8.2%. Thats still high! Gas prices have fallen a bit but th...