Navigating money issues with your family is hard. Navigating money issues with your family is even harder when you’re a first-generation American. First-generation children of immigrants face unique cultural and emotional barriers and often find themselves at the intersection of building a financial life for themselves and supporting their parents financially. Gigi Gonzalez found herself facing this dilemma when she got serious about her finances and realized the information she was reading didn’t align with her lived experience or her values. So, she started posting about it on TikTok. Eventually, she quit her job in finance to become a full-time content creator. She offers her best advice on what to do when your personal finance goals clash with your family's money expectations. In Mailbag, we talk about the best investment options for a young kid, and a listener who doesn’t have much saved for retirement is wondering if she should take out a loan to pay her mortgage. In our news of the week, we cover the new magic number for retirement, the best time to sell your house this year, and what to do if you still owe the IRS money.Use the code "PODCAST" TO GET $100 OFF OF OUR FINANCEFIXX PROGRAM: https://hermoney.com/shop/product/financefixx-finance-coaching-program-by-jean-chatzky/Takeaways: TikTok can be a powerful platform for spreading financial literacy and building a personal brand. First-generation Americans face unique challenges in wealth building due to cultural expectations and a lack of financial education. Setting money boundaries with family can be challenging but necessary for financial well-being. It is important to find a balance between paying off debt and investing. Chapters:00:00:00 - Introduction and Financial News Update00:06:07 - Gigi's Financial Education Journey00:09:04 - Transition from Finance Job to Content Creator00:11:43 - Challenges as a First-Generation American00:15:24 - Setting Financial Boundaries with Family00:23:55 - Improving Financial Habits in Marriage00:26:01 - Investing While in Debt00:27:49 - Mailbag Segment00:29:59 - Listener Question on Investing for Child's Future00:33:54 - Listener Question on Managing Finances Pre-RetirementBuy Cultura and Cash: https://www.thefirstgenmentor.com/my-bookJoin the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe!The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices