Money Matters: Saundra Davis on Adopting Financial Wellness

According to one poll, in 2023, nearly 50% of small business owners felt stressed about their finances. So this summer, at In Good Companies, we want to learn more about our money feelings. Where do they come from? Are they serving us well? And how can we gain confidence in our potential to build a healthier relationship with our finances? Our guest Saundra Davis thinks about these questions every single day.

Saundra is a Financial Planner and Coach, the Director of Financial Programmes at Golden Gate University, and the founder of Sage Financial Solutions, a non-profit offering support and education to people from all backgrounds. And in today’s episode, she joins Ari for an honest, vulnerable and insightful conversation on financial well-being.

Together, they recall how Saundra launched her career after having made every mistake possible in her first business. They spell out the link between trauma and behavior and explain why a good financial plan starts with understanding our needs and values. Working through Saundra’s “Continuum of Financial Well-being”, they also cover what professional support looks like in practice; how to avoid some typical budgetary mistakes when launching a new venture; and how to assess if you’re coping well with your current financial situation.

Join them to hit reset and align your dollars, your cents and your values with your business vision.

Highlights:

“There's no aspect of our lives that money doesn't touch” (3:01)
The impact of money feelings on business decisions (4:36)
How to recognize an unhealthy financial mindset (6:04)
Understanding the Continuum of Financial Well-being (8:03)
Financial wellness as a subjective question (10:37)
Typical financial challenges when launching a new venture (13:50)
Financial stress: how we can look out for each other (16:23)
Why building trust with your Financial Planner matters (18:28)
Financial support starts with your needs (21:25)
Money wellness as an investment into the future (23:12)
Saundra’s go-to resources for financial support (25:08)
“Know where you are; know you're going; build a plan to get there “ (26:39)
No Shame Zone: Saundra’s new money mindset (28:18)

Links:

Feedback:

If you have questions about the show or topics you'd like discussed in future episodes, email our producers, [email protected], [email protected], or [email protected].

Read the full show transcript.

Listen and subscribe on your favorite podcast player:

Meet the Host

Ari Marin, SVP, Family Enterprise Advisor, Cadence Asset Management & Trust and the new host of Cadence Bank’s In Good Companies (IGC) podcast, says his idea of “good company” is being around creative, insightful people who enjoy sharing personal stories about the things that helped make them successful.

From 9 to 5, Marin is a Cadence Bank senior vice president and family wealth strategist, whose specialty is consulting with family-owned and small businesses. Now, he’s squeezing in IGC hosting duties, bringing in a new voice and fresh perspectives.

As a lawyer with a master’s in taxation from Villanova, Marin holds his own in the business world. But hosting IGC gives him a new way of engaging with entrepreneurs and experts to learn smart ideas and new ways of doing things.

Outside the office, Marin is a history fan and podcast aficionado who loves reading and exercising with his two dogs: Friday–aka “the angel”--and Mahla, the stubborn Shih Tzu with selective hearing.

Meet the Speaker

Saundra Davis, MSFP, MCC, FFC^®, FBS^®, is a US Navy Veteran, financial coach, educator, and consultant. Davis is the Director of Financial Programmes at Golden Gate University, and the founder of Sage Financial Solutions, a non-profit offering support and education to people from all backgrounds. She is nationally recognized as an expert in the financial coaching field and for her work with community-based organizations that focus on asset building for the working poor.

This podcast is provided as a free service to you and is for general informational purposes only. Cadence Bank and its affiliates make no representations or warranties as to the accuracy, completeness, or timeliness of the content in the podcast. The podcast is not intended to provide legal, accounting or tax advice and should not be relied upon for such purposes.

To the extent that this podcast includes predictions about the economy, these predictions are subject to a number of variables and you should confer with your legal, accounting and tax advisors for their input regarding the possible outcomes of any economic subject matter discussed herein. Predictions are forward-looking statements that reflect current views with respect to, among other things, future events. Forward-looking statements are not historical facts, and are based on current expectations, estimates and projections, many of which, by their nature, are inherently uncertain and beyond the control of any person or entity. Accordingly, please be aware that any such forward-looking statements are not guarantees and are subject to risks, assumptions and uncertainties that are difficult to predict.

The views and opinions expressed by the host and guests in this podcast are solely their own current opinions regarding the subject matter discussed in the podcast and are based on their own perspectives. Such views, perspectives and opinions do not reflect those of Cadence Bank or any of its affiliates, or the companies with which any guest is, or may be, affiliated. The production and presentation of this podcast by Cadence Bank does not imply the expression of any opinion on the part of Cadence Bank or any of its affiliates.

Learn

Find answers, watch videos and plan ahead with online tools.

Explore

Visit

Stop by your nearest Cadence branch to open an account and more.

Find a location

Get help

Connect with one of our teammates for one-on-one assistance.