We Interview Octavia Ramirez, founder of Paper & Coin (https://www.paperandcoin.com/) – a financial coaching business that uses certified financial planners to help define how millennials view wealth and manage their money towards their goals. On the show, we talk to her about wealth and how we as millennials and gen-zers need to redefine what wealth means to us. 

[0:30 - 2:25] INTRO - How do you define wealth? Do we need to buy a house or is wealth better defined by our flexibility and freedom to live the lives we want? 

[2:26 - 8:36]  MONEY MISTAKE OR MAKEUP - Maxing out TFSA, Not DIY investing, Uber Eats

[8:37 - 15:14] What inspired you to start a financial coaching business that’s uniquely targeted to millennials? 

[15:15 - 19:19] You’re part of Highline beta’s newest cohort of startups. What’s it like taking your bootstrapped business to getting seed funding?

[19:20  - 27:59] What are your key priorities now that you’re seeking external funding? Can you give us a hint about what Paper & Coin is going to do in the future? How budgeting apps fail us. How personal finance needs to better align with personal fitness. Finding your tribe. 

[28:00 - 32:22] How Paper & Coin is flipping the script on financial coaching, planning, and what millennials really need to build their wealth.  A story of the Paper & Coin magazine being stocked in the fashion section, not on the finance shelf. Why don’t we talk about money? 

[32:23 - 39:29] How is Paper & Coin changing the way millennials think about wealth? Octavia wants a California ranch and a bunch of horses. 

#1 - A clear vision for your life. 

#2 - What does wealth mean for you? Challenge yourself to define your wealth. 

#3 - Staying focused on your goals and future plans

[39:30 - 43:15In your conversations with millennials - what conversations and conflicts are millenials having with their parents? If someone gives you money, they have permission to tell you what to do. 

[43:16 - 50:09] The reason our parents want us to buy a house is financial stability. But is that the life we want to lead? Is FIRE at the forefront of redefining wealth? Does this new definition of wealth hurt new Canadians? Or Canadians living on the fringes? Is there a difference between people that inherit wealth and those who don’t? Will the inheritors destroy their wealth if they don’t adopt a new lifestyle?

[50:10 -54:37]  So is education about finances at the core of defining your path to wealth? What do you recommend to clients when you ask about safeguarding their wealth? 

[54:38-  1:02:41] RAPID FIRE QUESTIONS

• Tyler: What’s in your wallet? 
• Aashti: A book everyone should read? 
• Tyler: What was your first job and what did you learn from it?
• Aashti: What is a commonly held belief about your industry or space that you passionately disagree with? 
• Tyler: If you had one tweet that everyone in the world would read, what would it say?  
• Aashti: What’s your number (to retire, how much you need?) 
• Tyler: Where can people find you if they have more questions? 

[1:02:42 - 1:03:34] OUTRO