Ep 139: Managing Finances as a Law School Student with an LGBTQ+ Focus
In this episode, LoVetta delves into the intersection of LGBTQ+ identity and financial planning with guest Andrew Gilliland. Andrew highlights the unique challenges and opportunities faced by the LGBTQ+ community in financial planning, including the need for greater protection, awareness of cash flow, and ethical investing. Andrew also offers insights for law students, discussing strategies for managing student loans and building financial stability during and after law school. Throughout the conversation, the importance of empowerment, self-awareness, and advocacy in financial decision-making shines through, as Andrew encourages listeners to take control of their financial futures. Andrew's website, Gillilandfinance.com, offers resources for those seeking further information and assistance in financial planning.
Andrew Gilliland
Since coming out and joining the LGBTQ+ community, Andrew saw a need for greater financial literacy, education, and money consciousness within that community. With a father in the finance industry, Andrew was exposed to money mindfulness throughout his entire life. Meshing his two worlds together, he developed a curiosity of finding a way to help a community he is most passionate about receive that same level of resources and education for their own futures, and became a fiduciary financial advisor with Certified Financial Services in Paramus, NJ.
Episode Highlights
Andrew stresses understanding one's financial story and navigating financial landscapes strategically.
For the LGBTQ+ community, Andrew highlights the need for greater financial protection, including health care options and legal documents.
Cash flow awareness and understanding savings priorities throughout life are crucial for financial planning in the LGBTQ+ community.
Andrew discusses higher costs and liquidity needs for LGBTQ+ individuals, especially in family planning and entrepreneurship.
Law students must balance debt payoff with saving and investing, empowering themselves in the debt payoff process.
Andrew encourages building awareness of financial picture and future salary expectations.
Surrounding oneself with professionals who understand LGBTQ+ financial needs is essential for support.
Resources like introductory calls with financial planners can help students start planning early, even with limited income.
Empowerment and skepticism are crucial for making informed financial decisions.
Tweetable Quotes
“Surround yourself with professionals who understand LGBTQ+ financial needs and empower yourself in the spaces where you talk about your money. Take a step back, ask questions, and take your time.”