Build Wealth in Yourself and the Community

How to build wealth

Women are generally paid less than their male counterparts, are often the primary caregivers for children and aging parents and are heavily targeted by advertisers. Sound familiar to anyone in the LGBTQ community? So, how can we all build wealth to level the playing field?

Hear the benefits of building wealth

Advantages of building wealth

Allegra Moet Brantly is the Founder and CEO at Factora Wealth, a platform designed to empower women to build real wealth through community, education and events. She spent nine years in corporate America, living paycheck to paycheck despite a six-figure salary, before reinventing herself as an entrepreneur. Allegra is passionate about helping women level-up their earning and investing potential to achieve financial freedom.

On this episode of Queer Money®, Allegra joins us to explain what inspired her mission to help one million women reach $1M in net worth. We discuss the parallels between women and the LGBTQ community when it comes to money, and Allegra offers insight on the value of developing financial literacy within a community. Listen in for Allegra’s advice on spending in alignment with what brings you joy and learn some simple strategies for initiating the money conversation with your friends and colleagues.

Topics covered to help build wealth

What inspired Allegra to help 1M women get to $1M

A baseline for a comfortable retirement
Can be replicated over and over

Allegra’s insight around living the American Dream

Taught to go to college and get a good job
Most don’t question, live with discomfort

The three asset classes we can use to build wealth

Paper
Real estate
Business

The parallels between women and the LGBTQ community

Make less money for the same role
Default caregivers for aging parents
Targeted to spend on consumer goods

Why Allegra is focused on developing financial literacy

Teach to build wealth (disconnect time + money)
Align spending with what brings joy

Allegra’s take on saving for an emergency fund

Matter of WHEN, not IF emergency happens
Won’t throw financial life into crisis

The value of learning about money in a community

Creates accountability
Help women HAVE more (not just earn more)

Allegra’s advice for initiating the money conversation

Talk with colleagues to uncover inequities
Open up about financial life with friends
Write down goals and share with others

Factora Wealth’s partnership with Capital One

Need for conversation re women + wealth
Host live event series to talk about money

How to Build Wealth in Yourself and Your Community