Financial Wellbeing for the LGBTQ+ Community | Capital One


DAVID: We had the picture-perfect life. Decent jobs that paid well. Amazing group of friends
that we hung out with. But financially
we were living in a hole. $51,000 in credit card debt. JOHN: We were the gay cliché
of living fabulously but being fabulously broke. – Hi, I’m David.
– And I’m John. We’re the Debt Free Guys
and hosts of the Queer Money podcast. Our sole mission is to spread
the idea of financial independence around the entire LGBTQ community. So we decided to take
Queer Money on the road. We’ve been on the road
for about two months. We’re trying to encourage our community to start adopting the tools
that help us achieve financial success, such as a checking or savings account. DAVID: We get to tell some
of the mistakes that we’ve made or some of the successes
that we’ve had. Definitely John and I have both
had shopping problems. (laughter) And as we were getting out
of credit card debt, we realized that we weren’t unique and that a lot of people in our community
have similar struggles. DAVID: So, when we take pride
in ourselves, we should also take pride in our money. The more we’re conscious about money, the more we’re aware of how it can have
a positive effect on our lives. JOHN: We created a dialogue
between the two of us that allowed us to pay off our debt
in two and a half years, buy a condo, and we were able to do all of that
all based on conversations. A ton of people would want
to actually have this conversation, they just don’t know how to get it started,
and that’s what we’re able to do. In the LGBT community,
like, who is doing this for us? What you guys said today was like,
wait, this is the future of our community, I mean, this is actually
changing people’s lives. There’s no greater feeling of knowing
that you’ve helped somebody. That’s why we do what we do. Our whole goal is to build
a financially strong community, because the stronger we are financially, the more we can give back.




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