Lacy Garcia
speaker
108 appearances
1 recordings
1 series
first heard Jan 2025
last heard Jan 2025
Lacy Garcia’s voice in public audio — every appearance, attributed to the second.
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Appearances
Exactly. So I think in that sense, I think part of it is like, just give yourself grace. Wherever you are today, instead of looking at where you're not, take a moment and acknowledge where you've come from, everything that you've accomplished, all the strengths that you have that you can harness and give yourself the grace.
And if you take that moment to find silence in the chaos, that is going to be what enables you to then figure out exactly where it is you want to get to and take the steps that you need to in the right direction.
Well, I think that I felt where I was was I had started my career in actually the nonprofit education in the nonprofit sector and then had moved over into marketing and business development and worked for actually one of my co-founders at Willow. We worked together at where.com, which was acquired by PayPal. And he ran data science for PayPal.
But I had this varied background before then I got into financial services. And I came in first on the marketing and the PR side. And then I was all of a sudden, you know, got on the path to becoming a financial advisor because of my ability to connect with clients. So it was like, wait a second, I feel like I skipped. I mean, I haven't
I have an MBA and I'm like, I skipped the typical 10, 15 years of experience that you would normally get trained in that industry where you really learn how to like think like, you know, you learn everything about personal finance. Most of us don't, unless you are raised in a family
are in an environment or have a teacher or a mentor or life experience that really teaches you about the value of money, about personal finance, you really, we just were not raised to necessarily be smart on these things. You were raised to work hard, get a good job, try to make as much money as possible, but then it's like, go, then save, invest.
And it's like, wait a second, but how do you do those things, right? It's like, There were so many things. I mean, and I'm Cuban. I'm a daughter of a Cuban refugee. So I can share, you know, there's things that I was raised that any debt was bad, which is not the case. There's a lot of good debt. And so I didn't have a credit card until I was in my mid-20s.
If you don't have a credit card, you don't build credit. Yeah. And I actually started all of a sudden kind of woke up and was like, wait a second, I had a bad credit score in my early 20s. And I was like, I haven't even had a credit card. But it turns out that I had like, library books.
that was the only thing this is back in the day now longer they can't do this anymore but in New York City I literally I was like how do I have my credit it was from like a whole library so there's these are things that you you just don't and I feel my education and my at that time two master's degrees I was like how is it that I didn't know this I'm totally ashamed and embarrassed that I had no idea that I had to start building my credit and that
and buy a home or loan a car, all these things, you don't have the credit to do it. So these simple things, so that's where I was definitely in a place where I'm like, a lot of these things that I felt like I should have known, I didn't know, but I'm surrounded today still by absolutely brilliant, successful people people who didn't grow financial professionals.
And these things are just not part of your day to day, right? Like for the norm, for the majority of Americans, if you don't live, eat, breathe, think. And I think if you look at the old paradigm is that there was this model of feeling like I'm ashamed, I'm embarrassed. Like people say this to me all the time. They're like, I'll go look for a new advisor once I get my act together.
I got to get my ducks. I'm like, Wait a second. Would you say, I'm not feeling well. I think there's something wrong with me. I'm going to wait until I feel better, and then I'm going to go to the doctor. It's totally true. I need to get in shape. I'm going to try to figure out how to get in shape by myself.
Once I finally figured out to get in shape, then I'll go and I'll hire like a health coach or nutritionist or start working out with a trainer.
I'm like, why is it that we think we need to get our acts together and understand everything and teach ourselves everything and be on top of it and have our portfolio, our money in the, before we will go and sit down with somebody who is supposed to be effectively the doctor to help me get there.
And I think that this was the experience that the majority of certainly women, and also it's not just about gender, like definitely younger investors felt this way. That was like, wait a second, this person's making me feel like I don't have the answers. They're judging me. But that is, should not and cannot be the case because those people are supposed to be
listening and coaching and guiding and helping us to get to where we want to get to so i think that that is something that is critically important for me on this personal level but then also for overall i i know so many people who quite frankly like the time is now to be understanding because the things that you're struggling with like i think at our bedrock we understand
It's been normalized that we need to take care of our physical health. And thankfully, now it's being normalized that we need to take care of our mental health. But if it's a three-legged stool, your financial health is enabling, right? And that's, we know that finances are the top, cause of stress for the majority of Americans that weigh into both your physical and your mental health.
And if you're struggling with things like, I don't like my job, but I can't make a change because I don't have the money, the finances tie into that. I want to leave my marriage, but I can't leave my marriage because I don't have... The financial independence or the ability to do that.
So this is, it should just be a three-legged stool that from day one, we understand that we, it's okay to not have all the answers. That is why there's an industry that's there to support you and professionals who are trained to be able to help and to guide you. And we need to let go of the shame and we need to get the guidance that we need.
I think that there are, if you're talking about the misconception and then the reality of people's fears around finances and not understanding, first of all, most people think that they need more money to start doing the things that, quite frankly, they need to start doing when they don't have a lot of money, right? To start putting money away for retirement, to start investing.
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