Episode 150

"No one is coming to save you. And that’s the same for your financial life… If you don’t take ownership, nobody cares. You have to take ownership and you have to do the small steps in order to access financial independence and build wealth."

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Links

To connect with Alexia, tap or click HERE.

To learn more about 123 Finance, tap or click HERE.

Curious about all the new things dropping at $HMONEY? Tap or click HERE.

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Sound credits: Levels by Yung Kartz ($HMONEY theme song - intro/outro music)

Edited and produced by Anastasia Barbuzzi, founder and creative director of $HMONEY ($HMONEY Radio)

Episode Summary

Thank you for ringing in the 150th episode of $HMONEY Radio with us! 🥳💚

Working with high-net-worth individuals felt “natural” to Alexia Kitoko until she realized how unfulfilled she was by helping rich people become even richer. That’s when she pivoted to building the bilingual 123 Finance— because financial literacy is for everyone.

Born and raised in Paris, France, to Congolese parents, Alexia graduated with a Master's Degree in Private Banking and Wealth Management from the Université Paris Dauphine. She then co-oped at Luxembourg’s Natixis Wealth Management before moving to Toronto, where she worked at RBC Wealth Management.

In this episode, Alexia provides unique insight into evolving and growing in the European banking industry as a Black woman and her decision to found 123 Finance, which is committed to enhancing financial literacy among underserved communities, including women, students, and female entrepreneurs. With host Anastasia Barbuzzi,she also discusses:

  • Alexia’s money story

  • Buying her first property at 27

  • Financial literacy gaps around the world

  • Pain points for new immigrants, particularly women, to Canada

  • How we can create safe spaces to talk about personal finance

  • How to begin building wealth when you don’t have a lot of money

  • Why your focus should always be on building wealth, even when you have little-to-no money to work with

  • How automating your finances paves an easy path to building wealth

  • Using AI for financial planning

  • How to balance paying off debt while also investing for your future

  • The one thing you can do to start building wealth today, no matter how much money you have

And more!

Also available on Apple Podcasts, Spotify, iHeart Radio, Google Podcasts, Overcast, Castro, Castbox, Podfriend, Pocket Casts & Stitcher.

Anita Cheung