57. Understanding Your Worth, Embracing Passive Income, and Finding the Million Dollar Idea with Linda Garcia

Linda Garcia has an incredibly powerful story, from overcoming a difficult childhood to building a six-figure career at Netflix to starting an organization that empowers other women to invest in the stock market. In this episode, Linda tells her story and focuses on some of the key moments when she learned to ask for what she was worth, overcome her scarcity mindset to start investing, and work to equip others with the mindsets they need to build wealth. This episode is full of both inspiration and practical tips, so you won’t want to miss it! 

Episode Recap:

• Today we’re talking with Linda Garcia of In Luz We Trust (0:00:57)
• Can you tell us about your career journey? (0:03:21)
• How does money impact our psyche and self esteem? (0:11:12)
• Learning to know your worth (0:14:42)
• It’s never too early to set up a 401(k), especially with employer match (0:20:33)
• Discovering the power of passive income (0:25:24)
• In search of the million dollar idea (0:32:04)
• Empowering people to overcome scarcity mindset (0:38:50)
• Counseling people through market downturns (0:50:49)
• What’s your next million dollar idea? (57:21)
• How to learn from Linda (0:59:12)

Resources:

• Find every episode of the Fiscal Feminist podcast
• “The Fiscal Feminist” book
• “Wealth Warrior” by Linda Garcia
• In Luz We Trust website
• Follow Linda and In Luz We Trust on Instagram
• Join In Luz We Trust on Patreon

Quotes:

“I’ve watched my parents work multiple jobs. I've watched them work so hard to earn one dollar. And so the thought of money multiplying using other money was mind blowing. And so at that time I decided, ‘I'm going to double down, and instead of doing $200 a month, I’m going to do $400 a month.’”

“It doesn’t matter how much financial literacy you take in. If you don’t identify your relationship with money and how toxic it can be, then you’re not going to be able to build wealth. I feel like it is almost impossible. If you really believe that wealthy people are greedy, then your subconscious will do everything to repel becoming wealthy because you don’t want to be greedy.”