"If you can't save, none of this other stuff matters." Dr. Gary Clement's blunt truth stops most people in their tracks—because without spending less than you earn, no strategy or income level will move you forward.

In this episode, Dr. Joaquin Wallace is joined by Dr. Gary Clement, a distinguished educator, mentor, and advocate with more than 20 years in financial services holding certifications including CFP, CRPS, CRPC, AFC, and ABFP. Dr. Clement brings a rare combination of technical expertise and deep insight into financial behavior.

"It's not about the money you make, it's about the money you keep regardless of how much you're really making," Dr. Clement explains, cutting through one of the biggest myths in personal finance.

This episode explores all seven stages of Dr. Wallace's generational wealth model, with particular focus on how our walls in and walls out—the internal and external forces we inherit—create patterns that can either build or block wealth across generations. Dr. Clement shares his own journey through financial healing, revealing how even seasoned professionals must confront their own money scripts and inherited behaviors to move forward.

Dr. Clement brings a refreshing honesty to the conversation, sharing how his own walls out led him to prioritize certain cars, clothes, and living situations—and how recognizing those patterns changed everything. His perspective on financial education goes beyond tactics and formulas to address the deeper behavioral and emotional factors that determine success.

For financial professionals, this episode offers powerful insights on moving beyond transactional advice to truly transformational relationships with clients. For anyone working to build wealth, it's a reminder that getting out of your own way might be the most important financial decision you ever make.

Watch the full episode on YouTube or on your favorite podcast platform:

Link: https://youtu.be/SDn2h1SoBZA

🔗 Connect with Dr. Gary Clement: https://www.linkedin.com/in/garyoclement

Subscribe to The New Wealth Wave Podcast and never miss conversations that transform how you think about money and legacy.

Grab a copy of Dr. Wallace's bestselling book "Generational Wealth Begins with Generational Knowledge" which offers a blueprint for understanding your financial genetic code and building wealth that lasts. Available now: https://amzn.to/4lsZfw8

Learn more about Dr. Joaquin Wallace: https://www.drjwallace.com