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The Rich Immigrant

Dee Olateru

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When you hear the word immigrant, the word rich doesn’t always come to mind. Immigrants can attain financial independence; we can lead full lives in our new homes while maintaining our identities.Each Wednesday, join Dee Olateru, a 3-time immigrant, and your everyday aspiring rich immigrant, as she shares tips, and stories to help immigrants do just that. The Rich immigrant podcast was created to be what the next immigrant needs to thrive and what we need as a community of 1st and 2nd genera ...
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Send us a text The way adulting works is that there's always an expense (known or unknown) around the corner. In this episode of the podcast, in response to a listener request, I break down HYSA or high yield savings accounts. I talk about: 1. When I opened my first high yield savings account 17 years ago 2. What a high yield savings account is and…
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Send us a text Working in Japan has been quite the discovery. In this episode of the podcast, I look back on my first year here and share the following: Interesting unique aspects of working in Japan Socializing at work A funny story that still makes me chuckle today Adjusting to a new team and team culture Work life balance How to indentify opport…
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Send us a text And just like that, I've lived in Tokyo for a year! Pinch me! I remember saying goodbye to my friends and boarding that flight to Japan. There were tears and a bit of anxiety about the unknown. In this episode of the podcast, I share about: The Early Days A particularly low moment in the early days Some practices in the early days A …
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Send us a text Friendships end. Or at the very least, they evolve. We have manuals on ending romantic relationships or even leaving our jobs. But how do we handle the end or an evolution of a friendship we thought would last forever? In this episode of the podcast, I share about 4 instances where my friendships have ended or evolved, and the lesson…
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Send us a text Not everyone has the luxury of a steady job and paycheck. Entrepreneurs and freelancers often have varying income from one month to the other. In this episode of the podcast, I share 5 tips on how to budget on an irregular income. I hope you'll check it out Thank you for the gift of your time and attention. Thank you for listening to…
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Send us a text Early on in my financial journey I came across an article about financial milestones by age and I was completely discouraged by it. Why? Because based on my life circumstances, I was no where near the milestones for my age. Instead of looking at age based milestones, in this episode of the podcast, I focus on 5 financial milestones t…
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Send us a text What if I told you that you didnt have to sell or soul or compromise on your values to navigate office politics? In this episode inspired by listener questions I cover: I share my views on whether you can rise without participating in office politics Remaining your authentic self while navigating office politics The importance of bei…
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Send us a text Hey Ya'll! I'm alive! I've been through it but I'm alive and well and crawling out of the spreadsheets into the light of Summer! Frankly its been a tough two months leading up to last week atwork but we finished the project and finished WELL. But my goodness did I/we work harddttt! Yo, its not the same in your late 30s oh! So we are …
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Send us a text The immigration process can be brutal and the journey can feel endless. In this episode of the podcast, I answer a listener question about the wait. We discuss 1. Being creative in doing things that build your spirit 2. Taking advantage of the digital world and easier ways to make a living 3. Honouring the process 4. Truly looking at…
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Send us a text Friendship continues to be a recurring theme in my life and a recurring theme in listener desired topics. In this week's episode of the podcast, I tackle a listener question from December about navigating friendships where there is a wide income gap. This time, from the perspective of the higher earner. It is a delicate topic but tha…
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Send us a text Friendship continues to be a recurring theme in my life and a recurring theme in listener desired topics. In this week's episode of the podcast, I begin to answer a listener question from December about navigating friendships where there is a wide income gap. It is a delicate topic but thats why we need to talk about it. In this epis…
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Send us a text Last time I did a Q&A, this question from a listener came up and I decided to take the time to answer in its own standalone episode. Many immigrants make that initial mistake with our first credit cards and I just want to applaud this listener for asking. There's no shame here!!! In this episode, I share about: 1. How credit scores w…
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Send us a text We'reee baccckkkk! In this warm up/return to the podcast after a longer than anticipated break, I Catch you up on my year so far Why my friends visiting had me in my feelings My thoughts on loud budgeting and the changes in real estate commissions in the US Let's catch up, and I'll be back next week! Thank you for the gift of your ti…
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Send us a text Its the last episode on 2023 and in similar fashion, I am answering your questons and they came in hot. In this episode of the podcast, I answer listener questions across Career, Finances, Personal Reflections and so on. In this episode I answer question on 1. One thing I'm most proud of in 2023 2. What I'm looking forward to in 2024…
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Send us a text Hot takes are so freaking popular and they're clickbaitey (is that a word) but they seem to work. The thing is though, they are hardly ever 100% true and there's always nuance to things in the world of personal finance. In this week's episode of the podcast, I respond to 6 hot takes and share my personal opinions/thoughts. Again, am …
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Send us a text The Holiday season is here and this episode is inspired by the OG podcaster, Myliek. In a recent episode, she briefly touched on boundaries over the holiday season and my brain went...pingggg and here we are. This got me thinking about how often we hear or even we talk about getting through the holiday season and that does not sound …
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Send us a text In this episode, I use a recent hilarious real life experience to analogize how lifestyle creep can happen. In this episode I talk about How I recently adjusted to a new level of convenience without knowing it What lifestyle creep/inflation is How I avoided lifestyle creep early on in my career but also honestly shared how I have all…
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Send us a text You've probably seen something about someone scaling a side hustle to six figures and beyond. Side hustles are not new but they've gotten a sexy makeover in recent years. In addition, with rising costs, side hustles are a necessity for many. But is a side hustle right for you? In this episode of the podcast, I talk about: 1. Stats ar…
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Send us a text We did it Joe! After two years of having it as a goal, I finally opened a 529 college savings account for my unborn child(ren). In this episode, I share my experience breaking down the conversation into the following: What is a 529 account Why this account versus other investment vehicles Why I opened it without having a kid How im a…
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Send us a text Its my birthweek and in this episode of the podcast, I chose to start a new tradition here. I share lessons i've learned or that have been reaffirmed in the past year. Happy Birthday to my fellow virgo/September babies!! Thank you for the gift of your time and attention. Thank you for listening to this episode of the Rich Immigrant p…
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Send us a text You heard/read that right. I'm still in shock and I don't think it'll sink in that I now live here for a while. In this episode, I talk about: 1. My move from Minneapolis USA to Tokyo, Japan a week ago 2. Why Japan 3. What the move means for this platform 4. How I'm feeling from when it came up, to leading up to the move, to 5 days i…
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Send us a text I'll be honest, this topic has been on my mind since I bought my home a year ago. I'm simply one of those people that aren;t comfortable owning a certain amount of money. I figured I'm not the only one that has these thoughts so lets talk about how to pay off your mortgage faster.. In this episode, we talk about: 2 situations where i…
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Send us a text I'm so excited to finally have this part of my conversation with one of my best friends about money and friendships. In this conversation, Kemi and I not only model money conversation, but we tackle insightful aspects of money and friendships. Our conversation covers: Her first financial aha moment Graduating from her MBA with studen…
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Send us a text The podcast is back with Season 8!! I'm kicking off this season by reflecting on some amazing news! I got the biggest promotion of my career, effective July 1, I was admitted into the Partnership at the firm I work for. I've had some time to reflect and also took over 20 questions from you. In this episode, I talk about: My reaction …
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Send us a text We have finally come to the end of the longest season. Even as I look back on the last six months of my life, what a rollercoaster it has been! In this final episode of this season, we talk about My half-year recap and I answer 6 listener questions on How I got my first promotion at Work Navigating professional and career growth abro…
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Send us a text What does it cost to be a bridesmaid in 2023? The financial cost of being a bridesmaid is regional, cultural, and situation-specific. However, we can all agree that things seem to have gotten a bit out of hand in recent times. It is a great honour to be asked to stand next to a close friend or family member on one of the most importa…
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Send us a text It's very obvious that life insurance should be a part of financial plans for those that have dependent children, and spouses, but what about singles? Up till now, I've either said no to life insurance or at lest, I have been on the fence. In this week's episode of the podcast, I talk about why I'm changing my mind about life insuran…
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Send us a text If you follow me on Instagram, you know that I have thoughts on this Netflix series by Ramit Sethi. Sethi is somewhat of a household name in the personal finance space and I've read his book and frequently shared his podcasts on the gram. In this episode though, I share my reflections on the Netflix series. I talk about 1. Themes fro…
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Send us a text In honor of April being Financial Literacy Month, I wanted to share some of the best episodes of the podcast over the last (almost) 3 years. Let's break it down into 4 categories of podcast episodes that are helping immigrant build their financial literacy but also live fully at home and abroad: Most Popular Episodes (Listener Faves)…
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Send us a text Everyone tells you that you need to save and invest for retirement, but what does that mean in concrete numbers? How much do you need to save/invest over time to be on track to retire without being a 'burden' to the next generation? In this episode, I talk about: 1. 2 different ways to calculate how much you need to save/invest for r…
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Send us a text When my friend suggested that I talk about this on the podcast, I said, why not? In this episode of the podcast, I talk about the state of my finances during the following phases of my life My early 20s - super broke In my mid 20s - got a full-time job, started to pay off debt, Felt behind, and isolated financially In my late 20s - d…
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Send us a text Procrastinating can be expensive and I certainly experienced that last year. In this episode, I'm sharing 5 ways that my procrastination ended up costing me money in 2022. 1. Last-minute eye exam and glasses order 2. Last-minute flight bookings 3. Signing up for city-subsidized parking at work 4. Corporate credit card expenses 5. Can…
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Send us a text Welcome back to the podcast! There's been so much going on so I had to address this head-on, and in doing so, break things down. There's been a lot of sensational headlines, and even misinformation so I decided to share a bit for informational and educational purposes. This is NOT financial advice. In this episode, I talk about: 1. S…
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Send us a text If you know an immigrant, there's there's a good chance you know someone that pay Black Tax every month. Is Black tax a blessing or a burden? Let's talk! In honor of Black History Month, let's talk Black Tax and Immigrant/BIPOC community. The origins of Black Tax Black Tax in my family growing up and how it was the norm When does gra…
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Send us a text I've been wanting to share this for a while now and I'm glad to finally be sharing this. Purchasing your home is a big deal, purchasing your first home as a single person and without family is a bigger deal. In this episode, I talk about 5 lessons I learned from purchasing my first home. 1. 20% Downpayment may not work for everyone 2…
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Send us a text Happy new yearrrr. As you'll hear in the energy in this episode, I'm excited to be back with Season 7 of the podcast. In this episode, I talk about 7 things we need to do differently with our finances this year. 1. Addressing the convenience of online shopping because online shopping has proven to be a budget killer 2. Being intentio…
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Send us a text In this bonus episode, join me as I sit down as I reflect on 2022. and share an exciting announcement. In this episode, I 1. Thank You the listener for being along for the ride 2. Share about how this year has been equal parts wonderful and heavy! Many high highs and low lows 3. Share about how I'm winding down the year and spending …
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Send us a text In time for the holiday season, this episode discusses a timely reminder for important conversations to have with your parents as you gather around the table or even a facetime call. In this episode, I discuss Having picture conversations about what retirement will look like Estate planning discussions Questions to ask your parents a…
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Send us a text Let's break down retirement investing as simply as I possibly can. In this episode, I talk about: The burden of being the sandwich generation and the norm for kids to provide for their aging parents in certain cultures Why it is important to invest for retirement and why investing for retirement is generational wealth Types of accoun…
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Send us a text Ayooluwa really paid off $45k of student loan debt in one year and it took an incredible amount of focus and sacrifice. I'm excited to bring you our conversation this week. In this episode, we talk about: How and why she moved to the United States in 2016 How she took a leap of faith after a fully funded scholarship by the Nigerian g…
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Send us a text Let chit chat this episode while I share 5 things you should know about in November 2022 1. The Fed has raised interest rates again. What does this mean and what did the Fed say to expect? 2. The twitter saga with Elon Musk. #drama #MrErratic 3. Tech job freezes and downsizing announcements 4. IRS announced limits for 401ks, IRAs, an…
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Send us a text When I first started at my full-time job 13 years ago, benefits enrollment and open enrollemt were foreign languages to me. With no one to talk to, I read part of the jargon, made my elections, and kept it moving for SIX years. It would take me that much time to realize that I'd been selecting the wrong health insurance plan . It's t…
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Send us a text OG Listeners will recall we had this recession conversation in June (Episode 54 of the podcast). However, since then Central banks have continued to struggle to control the flow of money and the Federal Reserve has raised interest rates 5 different times this year (so far) Inflation reports for September show inflation at 8.2%. Thats…
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Send us a text Alex Mason is a passionate investor and curator of the best stock market ideas. Since 2018, he has been the host of Stock Stories, a podcast and now, YouTube channel, helping investors decode the business behind the stock. He is studying every component of the S&P 500, and sharing everything he learns. After graduating from MIT and s…
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Send us a text Unless you've been living under a rock, you've seen some pretty wild statistics about the Great Resignation and people leaving their jobs. How do you know that you are ready for a new job or career? Let's talk about it. In this episode, I talk about: 1. 10 signs that it is time to look elsewhere 2. If you've decided that it might be …
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Send us a text We're back!!!!! In this week's episode, we are taking on the rent vs buy debacle. In this episode, I talk about: 1. How my dad asked me when Id buy a home as soon as I got a full-time job 2. Building wealth while renting vs buying 3. Are you throwing away money by renting? 4. Breaking down the make-up of mortgage payments and what po…
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Send us a text This week's episode is inspired by conversations and observations that I have made lately. No one likes to be called cheap, but there's a fine line between being cheap and being frugal so let's talk about it. In this episode, I talk about: 1. What it means to be cheap or miserly 2. Examples of cheap behaviors 3. What I am NOT referri…
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Send us a text Friendships & community have been a recurring theme on my mind this year. How can we live rich lives without rich relationships? In this episode, I have a long-awaited conversation with one of my besties, Kemi Onabanjo - Joseph. In this episode, you'll hear a lot of laughter, reflection, and wisdom, as we take you on a journey. We ta…
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Send us a text This past weekend made 20 years since I stepped on American soil as a wide-eyed, sheltered 16-year-old eager to take on the world on her own for the first time and in a new country. I couldn't think of a better way to kick off Season 6 of the podcast. In my most personal episode yet, I'm doing my best to compress 20 years into 30 min…
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Send us a text It's the season finale of Season 5 and in my usual fashion, I'm wrapping up the season with some personal updates and answering 3 listener/community questions. In this episode, I share about: 1. My big update - I'm buying my first home I share why I changed my mind about buying a home My honest thoughts on buying a home right now inc…
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