Types of Giving & How Millennials Are Changing It, With Phuong Luong
Wednesday, August 26, 2020
Types of Giving & How Millennials Are Changing It, With Phuong Luong
Today’s guest is Phuong Luong. Phuong is a CERTIFIED FINANCIAL PLANNER™ and founder of Just Wealth, a virtual, fee-only financial planning practice. She understands personal finance across income and wealth spectrums and provides accessible and objective financial planning, coaching, and education. She consults with organizations and companies on how to build effective and culturally relevant programs and financial technology.
Phuong also provides training and workshops to the public on practical personal finance, financial history, structural racism, and racial and gender wealth divides. Phuong is the Chair of the CFP Board's Council on Education.
Today Phuong will share with us more about the different types of giving that exist. She’ll also share a little of her financial background as a first-generation Vietnamese American and how her hustle for side jobs eventually led her down the path of becoming a CFP.
In this episode, we discuss:
- How giving cash can be one of the best ways to help others and why we shouldn’t think we know someone’s situation better than they do.
- The difference between not having enough money and not knowing how to manage the money you have.
- The types of giving and how they tend to change as income increases
- The importance of exposure to different financial levels and lifestyles
- How millennials are changing “giving”
- What young inheritors are doing and the generational wealth transfer that’s happening
- How you can use “emergency fund giving” to help those you care about without breaking your budget
If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media:
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Hi, I'm Lauryn
Certified Financial Planner
Welcome to the Worth Listening podcast and blog where we focus on having positive and productive conversations about money.
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