CNN Podcast Host on Why Personal Finance Isn’t Black and White

Through her podcast and other platforms, Delyanne Barros hopes to create a welcoming learning environment so that even those new to personal finance or struggling with money can feel welcome. To do this, Barros emphasizes how specific the financial plans are for each individual. Instead of following the same traditional method, she says that each person should define their financial goals for themselves.

“You have to start with your goal in mind, which sounds like something out of a self-help book, but it’s so true,” the money coach told The List. “Because if you [reason] is to impress other people, you’re not going to be very motivated for very long. You’ll soon realize that it’s not sustainable and it doesn’t make you happy.”

Once you’ve found your ultimate goal, Barros believes it’s much easier to set goals and priorities for your money. Because there are so many factors in personal finance, he added, it’s often difficult to gain complete financial independence. “I tell people that financial independence is not the only goal you should be striving for,” Barros said. As an example, he said that while it may be unrealistic for someone to retire early, he could work to reduce the amount of work. “They think it’s all or nothing. It is financial independence or work until you die. There are a lot of gray areas in between,” Barros said.

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