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- At our recent Latina Women on FIRE event, we got a chance to hear from four Latina money experts on their best investing strategies—and the personal decisions that drive their pursuit of financial freedom. If you missed out or couldn’t attend, you can watch a recording of our free webinar.
- Our guests at the event were moderator Jannese Torres-Rodriguez of the “Yo Quiero Dinero” podcast and several Latina money experts including Delyanne Barros, Vanessa Menchaca-Wachtmeister, and Rita-Soledad Fernández Paulino.
It’s no secret that women and people of color own a disproportionately small amount of wealth in the U.S. and make far less money than white men.
But a particular group of Latinas says FIRE — an acronym for “financial independence, retire early” — can change that. Money experts and investors Delyanne Barros, Jannese Torres-Rodriguez, Vanessa Menchaca-Wachtmeister, and Rita-Soledad Fernández Paulino are paving the way for other Latinas and people of color by forging their own FIRE community and sharing wealth-building strategies to help uplift others.
For these women, achieving financial freedom means taking matters into their own hands. FIRE empowers them to escape the inequality and oppression they would otherwise be constrained by. They can simply say “no” to a system that makes them feel undervalued, to having to choose between being with family and making money, and to financially abusive relationships.
As the first people in their families to pursue financial independence, these women have dealt with unique challenges along the way. That clearly didn’t stop them — instead, they overcame those hurdles to reach their full potential.
In recognition of Women’s History Month and Women’s Equal Pay Day, Torres-Rodriguez of the “Yo Quiero Dinero” podcast sat down with Barros, founder of Delyanne the Money Coach, a money-coaching business and popular Instagram and TikTok feed focused on achieving FIRE; Menchaca-Wachtmeister, a travel tech professional and the creator of Wander Onwards; and Soledad, a former math teacher and creator of Wealth Para Todos, to discuss how women and people of color can use FIRE to create multiple income streams, build generational wealth, and bypass systemic inequalities.
If you didn’t get a chance to attend, watch the full recording below — and be sure to visit the follow-up links listed for additional reading.
Full Recording of Latina Women on FIRE Event
Read on to learn more about the women who inspired the event.
Moderator: Jannese Torres-Rodriguez
Puerto Rican entrepreneur and NextAdvisor contributor Jannese Torres-Rodriguez sees her wealth as a way of lifting up other people. She became an accidental entrepreneur after an unexpected job loss led her to build her first side hustle, Delish D’lites, a food blog for Puerto Rican and Latin-inspired recipes. After realizing she didn’t have to rely on a normal 9-to-5 for financial security, she expanded her income streams even further, became a certified financial education instructor, and began educating Latinas and people of color on topics like entrepreneurship, investing, and building generational wealth. That eventually led her to launch a personal finance podcast, “Yo Quiero Dinero.”
Panelist: Delyanne Barros
Delyanne Barros, an employment attorney by day, has built a FIRE community on Instagram and TikTok by sharing advice on debt payoff, investing, and financial independence. Brazilian native Barros spent most of her life as an undocumented immigrant in the U.S, and is the first of her family to go to college. Based in San Diego, Barros first began sharing her financial journey on Instagram and paid off $150,000 in debt, which then evolved into a side business coaching others to build wealth through investing and achieve financial independence. She’s in the process of becoming a certified financial planner. Now 38, she plans to achieve financial independence by 45 and retire in Portugal.
Panelist: Vanessa Menchaca-Wachtmeister
Vanessa Menchaca Wachtmeister is a Mexican-American travel tech professional and the founder of Wander Onwards, an international travel and personal finance blog. She is originally from Los Angeles, but has spent the last seven years living abroad in China, the United Kingdom, and Germany. After paying off thousands in debt, she began saving, budgeting, and investing — with the goal to retire with over $1 million to her name by age 48. When she’s not working her day job, she’s teaching others how to make money and travel farther, longer, and for less through her online platform. She currently lives in Germany with her husband and cat.
Panelist: Rita-Soledad Fernández Paulino
Rita-Soledad Fernández Paulino, creator of Wealth Para Todos, is a former math teacher turned personal finance enthusiast. While sick on medical leave in March 2019, she started to build her financial knowledge by reading books, listening to podcasts, and watching YouTube videos. Since then, Soledad has paid off over $20,000 in student loan debt, built a six-month emergency fund, maxed out multiple retirement accounts, and now plans to retire by 47. Based in Los Angeles with her husband and two kids, she’s now becoming a certified financial planner to ensure more people of color and Latinas can receive financial advice from someone who understands firsthand their unique money challenges and goals.
Date: Thursday, March 18
Time: 6:30pm EST – 7:30 pm EST / 3:30pm PST – 4:30pm PST
This event is free to attend. Access details are shared on RSVP confirmation and on the day of the event.