Our sponsor Wells Fargo hosted a keynote panel during #WeAllGrow Summit entitled #LatinaWorth: Preparing Today for a Stronger Financial Future as part of a partnership with with #WeAllGrow Latina Network. This partnership seeks to improve financial health and confidence by engaging in social conversations on financial best practices and challenges we have overcome as Latinas (both individuals and entrepreneurs), as well as tips and lessons we want to pass forward.
These conversations around finances are much needed, but can we be real? Talking about money is incredibly stressful, awkward and embarrassing for many of us. But the truth is that not talking about finances and financial tools that we can use to our advantage does none of us any good.
The keynote panel was moderated by Xochitl Leon and featured panelists Natalie Torres-Haddad, Teresa Razo and Alejandra Ruales. The converstation centered around the question “What can we do as a community to build financial confidence?”
Each woman brought a wealth of information and experience. But more than anything else they helped normalize the idea of talking about finances with others by doing just that. They talked about financial matters openly, with confidence and unapologetically in front of an entire audience like it was no big thing.
Here are some of our favorite takeaways from each participant.
Senior Vice President Hispanic Segment Strategist at Wells Fargo
On why it’s important to be the one talking about your finances and making those calls in your favor:
If we don’t advocate for our own finances, who else will?
Owner and CEO of Cambalache and Villa Roman Argentine Italian Restaurants
On not getting your personal and business finances confused:
The money for the business is businesses’ money not yours.
Manager, Programs – Financial Health Network
On why establishing credit is so important:
Having [a prime] credit score really allows you to open many doors on the personal and on the small business side and also will allow you to get better rates if you build that credit score. It will save you a lot a money.
Founder of Financially Savvy Latina, Author, Entrepreneur, Financial Literacy Advocate
On what your credit score is trying to tell you:
Your credit score does not define who you are, but it does show you what’s going on in your life if you’re not handling your finances.
To watch the entire keynote and so much more: