Erika Kullberg, a lawyer and personal finance expert, is on a mission to make money less intimidating and taboo. Having graduated from law school with over $200,000 in student loans, she understands the struggles of managing finances. Now, she wants to help others who might be feeling overwhelmed by traditional financial content.
In collaboration with five other Asian American Pacific Islander financial influencers, Kullberg shared her thoughts on financial freedom, impulse spending, money stress, and why underrepresented communities are more active in crypto.
For Kullberg, financial freedom means having options and control over your time and life. Vivian Tu, known as Your Rich BFF, values buying back her own time, while Shang Saavedra prioritizes spending time with her kids and focusing on mental and physical health.
When it comes to impulse spending, Humphrey Yang advises spending within reason and planning for the future. Phuong Luong emphasizes building a strong financial foundation before indulging in discretionary spending.
On the topic of money stress, Jason Vitug highlights the connection between mental health and financial challenges. Shang Saavedra suggests addressing underlying causes of stress to improve money habits, while Vivian Tu recommends facing debt head-on and using strategies like the avalanche method.
The influencers also discussed why underrepresented communities are more active in crypto, citing lack of financial education and the appeal of potential gains. They emphasized the importance of understanding the root causes of financial stress and taking proactive steps to improve financial well-being.
Overall, these AAPI financial influencers are dedicated to empowering individuals to take control of their finances, make informed decisions, and achieve financial freedom. Their diverse perspectives and experiences offer valuable insights for navigating the complex world of money management.