"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

Your parents' money struggles don't have to become yours. But first, you need to understand what financial patterns you actually inherited.

James Alexander, CFP and Partner at Edge Financial, returns for his third appearance this year to discuss how understanding your financial genetic code changes everything about wealth building.

After reading Dr. Wallace's book in just four days, James shares why the biggest breakthrough for his clients isn't learning more tactics—it's discovering how their past shapes their present money decisions.

"Each person is wired differently on how they think about money based on their past. We have to understand that past first in order to move forward," James explains. Traditional financial advice hands you a rulebook and expects you to follow it. But James reveals why 80% of financial success comes from behavior and mindset—not math equations.

As we head into Q4, this conversation delivers both the psychology and the practical strategy. James tackles the real questions: Why do people who understand budgeting still overspend? How do you stay calm when the market drops? What's actually worth more—gifting money to your kids now or leaving them an inheritance later?

💰 Key insights covered:

• Why understanding your financial genetic code transforms client conversations
• The critical difference between financial literacy and financial inclusion
• How falling interest rates create opportunities for refinancing and portfolio growth
• The power of Roth IRA conversions to create tax-free inheritance for your children
• Why the best financial advice focuses on value, not cost
• Practical fourth quarter tax strategies to implement before December 31st
• The real reason most budgets fail (and how to reframe them for success)
• Estate planning essentials most families avoid until it's too late

James shares a compelling client story about someone who read Dr. Wallace's book and immediately recognized a critical gap in his insurance coverage—proving how self-awareness accelerates financial transformation. He also reveals the unconventional wealth-building power of gifting to your children in their twenties rather than waiting until you're gone.

Whether you're a financial professional looking to serve clients more holistically or someone ready to break free from inherited money patterns, this conversation provides the roadmap for understanding the past, optimizing the present, and building intentional wealth for the future.

Want to understand why your financial behaviors are more important than your financial knowledge? Listen now.

🔗 Connect with James Alexander:Website: https://edgefa.comPodcast: The Edge Effect - Making Personal Finance Personal

📚 Ready to transform your financial legacy? Dr. Wallace's Amazon bestselling book "Generational Wealth Begins with Generational Knowledge" provides the complete framework for understanding your financial genetic code and building wealth that lasts. The book bridges the gap traditional financial literacy leaves behind—moving beyond budgets and investment tips to address the inherited narratives and behaviors that drive your money decisions. Available now on Amazon: https://amzn.to/4lsZfw8

Subscribe to The New Wealth Wave Podcast for conversations that challenge conventional financial wisdom and provide the generational knowledge you need to build lasting wealth.

To learn more about Dr. Joaquin Wallace and the Seven-Stage Generational Wealth Model, visit:🔗 https://www.drjwallace.com

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A heartfelt thank you to our esteemed guests from Q3 of 2025 for The New Wealth Wave Podcast. Your discussions were not only challenging but also instrumental in driving change and making a significant impact on our audience.

Let's revisit each guest's most viewed highlights. These moments have enriched our conversations and inspired actions toward creating generational wealth beyond mere financial literacy.

Episode 37: From Financial Passenger to Wealth Driver: The Spectrum of Intention with Brian L. Thomas

Full Episode: https://youtu.be/G1ivMuuQm6c

Episode 38: Overcoming Financial Trauma: The Hidden Barrier to Wealth with Rahkim Sabree, AFC®, Part 2

Full Episode: https://youtu.be/lX1-dALwhx8

Episode 39: Breaking Free From Generational Money Cycles with Dr. Prince Sarpong

Full Episode: https://youtu.be/DNVLbNrRM_k

We are grateful and humbled to continue providing a platform for discussing and fostering generational wealth. Thank you once again to all our guests.

Don't forget to subscribe to The New Wealth Wave Podcast and grab a copy of Dr. Wallace's bestseller, "Generational Wealth Begins with Generational Knowledge," on Amazon: https://amzn.to/4lsZfw8