Light Of Youth

Let's talk about Cash💰💵 Light of Youth Podcast Episode 7

CI Nation Season 1 Episode 7

In this episode of the Light of Youth Podcast, hosts Lamira Britton and Adiel Maina are joined by special guest Rev. Dr. Nicole B. Simpson to explore the essentials of financial literacy and smart money management. Dr. Simpson introduces the 10/10/80 method, a simple yet powerful strategy that encourages setting aside 10% of income for savings, 10% for giving, and living responsibly on the remaining 80%. She stresses the importance of financial discipline, warning against the common pitfall of spending too much on food—reminding young people, “Don’t bite off more than you can chew.”

The conversation also delves into the realities of earning a paycheck, breaking down FICA and OASDI deductions and explaining how these mandatory contributions affect take-home pay. Dr. Simpson emphasizes the importance of thinking ahead, encouraging young listeners to start saving for retirement as soon as they get their first job. She highlights the benefits of employer-matching contributions, explaining how early planning can create long-term financial stability and generational wealth.

Beyond just earning and saving, the episode challenges listeners to make intentional financial decisions and develop habits that lead to financial freedom. Whether you’re a teenager earning your first paycheck or a young adult navigating financial independence, the insights shared in this discussion will empower you to manage your money wisely. No matter how much you have, financial literacy is key to securing a strong and stable future.