84: Investing With Friends w/ Kemi Onabanjo-Joseph Artwork

The Rich Immigrant

When you hear the word immigrant, the word rich doesn’t always come to mind. Immigrants can attain financial independence; we can lead full lives in our new homes while maintaining our identities.Each Wednesday, join Dee Olateru, a 3-time immigrant, and your everyday aspiring rich immigrant, as she shares tips, and stories to help immigrants do just that. The Rich immigrant podcast was created to be what the next immigrant needs to thrive and what we need as a community of 1st and 2nd generation immigrants.If you’re a first or 2nd generation immigrant, or just want great but relatable money and life conversations, this is the podcast for you! For more inspiration, follow the @therichimmigrant on Instagram or at www.therichimmigrant.com

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The Rich Immigrant

84: Investing With Friends w/ Kemi Onabanjo-Joseph

August 23, 2023 • Kemi Onabanjo Joseph • Season 8 • Episode 84

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I'm so excited to finally have this part of my conversation with one of my best friends about money and friendships.

In this conversation, Kemi and I not only model money conversation, but we tackle insightful aspects of money and friendships. Our conversation covers:

Her first financial aha moment
Graduating from her MBA with student loans and how she started her path to paying them off
How and why she decided to pay off debt and still invest at the same time
What a money circle is and her first experience getting into a money circle
Money circle vs forums
Important traits for a successful money circle
When to put a legal framework in place before investing with friends
How she joined of her first formal investment club and the power of investing collectively (stronger purchase power, pooling capital, access to information, access to network)
Importance of taking action and personal responsibility
What makes her advance vs. retreat during money conversations?
Our experience with investing together - how we did it, how it went awry, what we learnt from it, and how it impacted our friendship
How the diaspora can find opportunities to invest at home/on the continent and beyond

Kemi is on Instagram at kemionabanjo! Please let her know if you found this conversation insightful.

Thank you for the gift of your time and attention. Thank you for listening to this episode of the Rich Immigrant podcast, please give the podcast a 5 star review on Apple Podcasts, subscribe, and share this episode with someone in your world that needs to hear these conversations. Please join our community online at www.therichimmigrant.com or on Instagram at 'Therichimmigrant.'