Podcast - What role can fintechs play in tackling the wealth gap and inequality?

MelPalmer·Dec 23·3 replies

Hi everyone, I'll be going on a podcast in January to discuss the role of fintechs in tackling the wealth gap and inequality. I'd love to share any examples any of you fellow elphas have experienced difficulty accessing / using / being aware of financial services (can be anonymous!).I know that for me moving from saving to investing was something that I really felt "wasn't for me", I found it very opaque and felt that you had to be super smart and work in Canary Wharf / Wall Street to be able to invest successfully. I'm conscious that had I not got a job in the investment industry, I would still not have done any planning for my future (e.g. pension) A little bit of background on me - I've worked in financial services marketing my whole career and have set up a side-project with a friend of mine - bestintentions.life which provides free financial education on investing, retirement, social financial pressures etc. - and I'll get on my soap box anytime I can to make sure more people get greater access to the tools and resources they need to take control of their financial future!Thanks!Mel

Iynna

iynna·Dec 25·1 reply

Iynna

iynna·Dec 25·1 reply

Hi Mel, Merry Christmas!I feel like you should chat with @yxzhang who's been doing similar work!I have truly loved taking the leap in investing, I'd say I started learning more about personal finance second half of 2017 and started investing in Jan 2018. The biggest issue to me was that there is too much noise on the internet, too many so-called people giving advice, too many platforms for financial education, for investing, budgeting, saving, planning but when I scratched beneath the surface, most of the advice turned out to be pretty similar so I wish there were more consolidation of resources!

yxzhang·Dec 28

@iynna Thanks for your thoughtful connecting, as always! @MelPalmer it's great to see others contributing to personal finance space--feel free to DM me if I can be helpful!

MelPalmer·Dec 26

Thanks for sharing!Couldn’t agree more, it’s so overwhelming, even though the core fundamentals are pretty universal!