We recently connected with Andrew Lokenauth and have shared our conversation below.
Andrew, thanks for joining us, excited to have you contributing your stories and insights. Let’s start with education – we’d love to hear your thoughts about how we can better prepare students for a more fulfilling life and career.
Schools should teach Personal Finance because financial education is a key to building wealth. Financial education should start early.
Here are 5 very important aspects of personal finance that schools should teach:
– Eliminate high interest debt
– Establish an emergency fund
– Budget to cut unnecessary expenses
– Max out ROTH IRA & company 401(k) match
– Increase income though investments, side hustles or a side business
Why is financial literacy Education?
~90% of families lose their wealth by the 3rd generation
Andrew, before we move on to more of these sorts of questions, can you take some time to bring our readers up to speed on you and what you do?
Andrew Lokenauth (born: June 10, 1987) is a finance executive, personal finance expert and public speaker. He is the founder of Fluent in Finance, which is a community that provides resources to help others learn to build wealth, financial planning, understanding the importance of investing, creating a healthy budget, strategizing debt pay-off, developing a retirement roadmap and creating a personalized investing plan.
Andrew has proven himself to be highly successful in the industry, after graduating with a degree in Accounting & Finance from Pace University, and starting his career at Goldman Sachs. Andrew is currently at a fin-tech start up as the VP, Director of Finance & Accounting, and prior, he was at Amalgamated Bank as Vice President, Head of Financial Reporting & Accounting Policy.
Andrew leverages his education and professional experience to provide insights around personal finance and investing, in order to help others build wealth and retire early. He is passionate about providing financial education in an accessible and easy-to-understand way.
Andrew has been featured in Forbes, TIME, Business Insider, Yahoo Finance and U.S. News several times. He creates daily content around personal finance, investing, stocks, and cryptocurrency.
We’d love to hear the story of how you built up your social media audience?
First, find your niche, which should be something you are good at, interested in or passionate about. This will help you to share content which aligns with your goals, beliefs & values. It will also help you to stay consistent over time. Second, create shareable and relatable content. Having shareable and relatable content will help you to stand out and boost your engagement over time, which is one of the essentials in growing your social media account. Third, engage with your followers and reply back to them. Lastly, be patient!
Any advice for managing a team?
A good manager should be a great teacher, great communicator, very organized, and willing to roll up their sleeves in order to help their team. A good manager is a good communicator, and leads by action. Good managers give clear directions and keep lines of communication open, and are readily available to jump in to roll up their sleeves or offer guidance and assistance. Don’t always wait to be called up by your reports, do informal check-ins to see how they are doing: workwise, general job satisfaction, personal life.
To get the most out of your team, a great tip is to hold 15 minute weekly one-on-ones to discuss the prior, current and upcoming week, and how things are going. Coaching is important, so hold periodic meetings to discuss the goals of each member, provide feedback, and answer questions.
A great way to motivate employees is by helping them to understand the impact of their role, how it fits into the organization as a whole, and the bigger picture.
Contact Info:
- Website: https://www.andrewlokenauth.com/
- Instagram: https://instagram.com/Fluent.In.Finance
- Facebook: https://www.facebook.com/FluentInFinance
- Linkedin: https://www.linkedin.com/in/lokenauth/
- Twitter: https://twitter.com/@FluentInFinance
- Youtube: https://www.youtube.com/FluentInFinance?sub_confirmation=1
- Other: TikTok: https://www.tiktok.com/@FluentInFinance Pinterest: https://www.pinterest.com/FluentInFinance/