This episode focuses on financial independence. My guest, Taji White, a financial advisor, stopped by to talk with me about the tips to gaining and sustaining financial independence and wealth. He spoke about how his story started back when he was a kid, learning to manage other people's money and not focused on spending his own money the minute he received his allowance from his parents. His first job in the financial field was doing taxes to gain extra money.

He spoke about investing in indexes, stocks, ETFs, and establishing 401k, making sure that employers match the amount of money you put in because their money is used as insurance to your money. He spoke about roth IRAs, which is Individual Retirement Account, and how to enrolling in a traditional IRA is important when it comes to investing early into your retirement to where you can receive a fixed income from your retirement tax free, depending on how you set it up. As a financial advisor, in his line of work, he helps his clients by mitigating the amount they're being taxed upfront which saves you more money, legally.

He spoke about his book that he wrote called "The 4 Pillars of Financial Independence" where in his book, he spoke about how important a financial roadmap which is broken into his acronym B.I.T.E, which stands for Business formation, Investments, Tax prep/tax planning, and Estate planning. He spoke about the importance of life insurance, the difference between a revocable trust and an irrevocable trust, and how its best to have a trust vs having a living will which consists of having to pay the courts, lawyers, and the judge to mitigate and finalize the assets you leave behind to your family and the pay comes from your assets or the values of it. Having a will will still go through probate court, but having a revocable trust is done through a 1-time rate that you can add more assets to as time goes on.

It was a pleasure speaking with this black man about how important it is to be intuned with our finances in all aspects so that we're not left in the dark about how to go about gaining financial independence and literacy. For more information or inquiries, visit his website at www.truebluefinancials.com on all social media platforms @truebluefinancials.