Episode Summary:
In this week’s episode, we talk to Jose Hernandez from Millennial Money Mentor. Jose and his family came to the US as hard-working immigrants with little money and even less understanding of money. After ending his baseball career earlier than he had hoped, he landed his dream job with a large financial firm. He then made the brave decision to leave that job and grow The Millennial Money Mentor full-time. Jose saw first-hand what it was like to grow up socioeconomically disadvantaged and financially illiterate. He also saw behavior on Wall Street he didn’t like. These things inspired him to create Financial University, which teaches what no one ever teaches in school. Financial University provides knowledge to impact his generation and all generations positively. In this discussion with Jose, we delve into several topics, from pushing through adversity to his views on financial planners to why he helps his parents.
Episode Notes:
In this discussion with Jose, we cover many topics, including:
- Jose’s story of how he came up as an immigrant to the US, which is a big part of his personal story.
- What Jose learned about money growing up. He saw many financial challenges growing up and experienced some limiting beliefs and not-good ideas regarding money.
- How Jose shifted from baseball to a career in finance to being a finance entrepreneur.
- Helping his parents because he feels capable, not obligated.
- Working hard and believing in yourself.
- Pushing through adversity and the odds stacked against him.
- Jose’s views on financial planning and financial planners.
- What drives Jose to do what he does.
- How the financial industry needs to change.
- Why he started Financial University and how it can help you today. His goal is to spread financial literacy, which is typically not taught in schools.
- The impact he’s been able to have on other people during a critical time in their financial lives.
- The importance of goals and what you’re trying to accomplish.
- Jose’s quality of life now vs. growing up.
- How he can solve problems and serve people, and also be compensated for it.