"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

#PersonalFinance #FinancialFreedom #WealthBuilding #FinancialPlanning #MoneyMindset #RothIRA #TaxStrategy #FinancialLiteracy #GenerationalWealth #EstatePlanning #FinancialTherapy #MoneyTips #Investing #RetirementPlanning #FinancialAdvisor #WealthManagement #TaxPlanning #LongTermCare #FinancialWellness #MoneyManagement

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

What if the biggest barrier to your financial success isn't what you don't know, but what you've unknowingly inherited? In this powerful episode of The New Wealth Wave podcast, Dr. Joaquin Wallace sits down with Dr. Prince Sarpong, Associate Professor of Finance and author of "Portfolio Management for Financial Advisors," to explore how inherited financial narratives shape our money decisions across generations.Dr. Sarpong reveals his own journey through stage two of the seven-stage generational wealth model, sharing how he spent years trapped in financial behaviors that weren't truly his own. "When your narrative is dependent on another individual or group's expectations, you remain stuck without even noticing," he explains. "Your whole financial behavior isn't really about you."This isn't just another conversation about budgeting or investing. Dr. Sarpong exposes the hidden truth about financial education: "More knowing does not necessarily lead to better decisions." He explains why traditional financial literacy often fails and can even cause harm when it ignores the deeper narratives driving our behaviors.💰 What you'll discover:• Why Dr. Sarpong's "aha moment" came from owning his own narrative instead of living by others' expectations• How imposed narratives (not just family teachings) shape your financial genetic code• Why financial literacy alone can do more harm than good without addressing underlying trauma• The difference between intellectual knowledge and emotional drivers in money decisions• How successful families pass down generational wealth vs. generational burden• Why being "gracious to yourself" is essential for financial transformationDr. Sarpong shares profound insights about the intersection of behavioral finance and generational wealth, revealing how even privileged families can pass down harmful narratives to their children. He discusses his upcoming book "Financial Therapy for Men" and explains why meeting people where they are - not where they should be - is crucial for lasting change.Whether you're a financial professional looking to better serve clients or someone ready to break free from inherited financial patterns, this episode provides the framework for understanding how your financial genetic code can be rewritten.To learn more about Dr. Prince Sarpong:https://www.sarpongstrategia.com🔗 Connect on LinkedIn: https://www.linkedin.com/in/prince-sarpong/ 📚 Check out his books: "Portfolio Management for Financial Advisors" (Volumes 1 & 2): https://amzn.to/47qJ0MR 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/4lsZfw8To learn more about Dr. Joaquin Wallace and the Seven-Stage Generational Wealth Model:🔗 https://www.drjwallace.com#GenerationalWealth #FinancialNarratives #BehavioralFinance #FinancialTherapy #MoneyMindset #WealthBuilding #FinancialLiteracy #InheritedTrauma #FinancialWellness #PersonalFinance #WealthMindset #FinancialEducation #MoneyTrauma #FinancialHealing #GenerationalKnowledge #FinancialGenetics #WealthTransfer #FinancialPsychology #MoneyMatters

What if the biggest obstacle to building wealth isn't your income, but the financial stories passed down through your family? In this powerful episode of The New Wealth Wave podcast, Dr. Joaquin Wallace reunites with Rahkim Sabree, AFC®, to unpack the hidden forces that sabotage our financial success before we even realize it.

Rahkim opens up about his upcoming book "Overcoming Financial Trauma" and reveals how the unconscious money beliefs inherited from previous generations can either propel us toward wealth or keep us trapped in cycles of financial struggle.

"Do you feel safe in your body when it comes to money?" Rahkim asks. "And a lot of times the answer that I receive when phrased that way... is a resounding no." This simple but profound question reveals how financial trauma lives not just in our minds, but in our nervous systems – affecting every money decision we make.

This episode dives deep into the second stage of Dr. Wallace's seven-stage generational wealth model, exploring how childhood money memories, family financial narratives, and inherited trauma create invisible barriers to wealth building. Rahkim reveals his six sources of financial trauma and explains why traditional financial advice often fails when trauma is involved.

💰 What you'll discover:

• Rahkim's six sources of financial trauma (generational/genetic, vicarious, poverty, institutional, workplace, and familial/societal/religious)

• How financial trauma lives in your body, not just your mind

• Why healing requires both education and somatic work

• The role of community in breaking cycles of financial trauma

• How capitalism keeps us in a state of dysregulation

• Why financial literacy alone isn't enough for lasting change

• The difference between individual and collective approaches to wealth building

Rahkim shares how writing his book became a healing journey, forcing him to examine his own financial trauma and the pain that drives his work. He reveals why trauma-informed approaches are essential for financial professionals and challenges the systems that perpetuate financial harm.

Whether you've struggled with money despite knowing what to do, or you're ready to ensure your children inherit wealth instead of financial trauma, this episode provides the tools to create lasting change.

Pre-Order Rahkim's book, “Overcoming Financial Trauma" on Amazon: https://amzn.to/3UynNZH

To learn more about Rahkim and his work, visit: ⁠⁠https://www.rahkimsabree.com/ ⁠⁠

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 ⁠

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

Are you driving your financial future, or just along for the ride? This powerful episode of The New Wealth Wave Podcast will force you to confront an uncomfortable truth: most of us are financial passengers in our own lives, wondering why we never reach our destination.Dr. Joaquin Wallace sits down with Brian L. Thomas, a speaker, author, and mentor who's dedicated his life to breaking the dangerous silence around money that keeps families trapped in financial mediocrity. If you've ever wondered "Why wasn't I taught this in school?" or "How do I even start building wealth?" – Brian's insights will be your roadmap.Brian introduces the game-changing concept of the "Spectrum of Intention" – a tool that reveals exactly where you stand in your wealth-building journey and why you might be stuck. Are you a passenger (reactive and dependent), a driver (proactive and growing), or somewhere in between? The answer determines whether you'll build generational wealth or pass down generational struggle."The comfort zone is the most dangerous place to be," Brian warns. Through raw conversation, he exposes how our relationship with discomfort directly impacts our bank account, and why growth requires us to embrace what feels scary.🔑 Navigate your financial journey:✓ Why most adults are still financial passengers despite having jobs and responsibilities✓ How your "financial identity" secretly controls every money decision you make✓ The uncomfortable truth about why financial literacy isn't taught in schools✓ How breaking the silence around money can transform your family's future✓ Why trust issues in marginalized communities create investment barriers✓ The mentorship gap that's keeping you stuck in financial survival mode✓ How to shift from scarcity mindset to abundance thinking✓ Why "money flows toward those who add value" – and how to become that personWhether you're drowning in debt or earning six figures but still feeling stuck, this conversation provides the clarity and action steps you need. Your financial independence isn't just about you – it's about breaking cycles and creating possibilities for the next generation. The question isn't whether you can afford to invest in your financial education. It's whether you can afford not to.Ready to grab the wheel of your financial future? Your journey from passenger to driver starts here.Subscribe to The New Wealth Wave Podcast for more candid conversations that bridge the gap between financial literacy and lasting wealth. Your journey from passenger to driver starts now.____________________To learn more about Dr. Joaquin Wallace and the Generational Wealth Model, visit: https://www.drjwallace.comFollow us on social media at:Instagram: https://www.instagram.com/dr.joaquinwallaceX/Twitter: https://twitter.com/_JoaquinmediaYouTube: https://youtube.com/@TheNewWealthWavePodcast LinkedIn: https://www.linkedin.com/in/dr-joaquin-wallace-91819514

A heartfelt thank you to our esteemed guests from Q2 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.