• Beat the scarcity mindset and build your legacy

  • Sep 25 2024
  • Length: 26 mins
  • Podcast

Beat the scarcity mindset and build your legacy

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  • Ready for a masterclass in resilience? In this candid conversation, Hosts Living Not So Fabulously, David & John Auten-Schneider, speak with trailblazer Executive Vice President and head of Wells Fargo's Commercial Banking Diverse Segments, Ruth Jacks. She shares her remarkable journey of overcoming extreme poverty and societal challenges as a queer, Black woman, to ascend the corporate ladder over an inspiring 40-year career. Jacks opens up about her childhood struggles, the scarcity mindset, and how she turned financial hardship into a driving force for success. "Those were the biggest drivers for me. So when I say I didn't wanna be poor, it was that I didn't want to be hungry," she explained. And though no child deserves to have those thoughts, Jacks knew that she needed a plan: "I needed to educate myself. And so I read a lot. That was one of the things that I was in the library literally every day and every weekend...I do believe that financial literacy is critically important." Jack's valuable insights on financial literacy, mental health, and having a solid support network remind us that success is about knowledge, authenticity, and courage. She challenges the scarcity mindset and proves the power of having a plan. Don’t just watch or listen—take Jack's wisdom, own your journey, and start building the life you deserve. Hosts and husbands of Living Not So Fabulously, David & John Auten-Schneider, dive into real money stories with activists, allies, artists, tech-gurus, and trailblazers in the LGBTQ+ community to give you tangible takeaways to tackle your wallet woes. Find this episode's transcripts and more episodes of Living Not So Fabulously at http://finance.yahoo.com/videos/series/living-fabulously/. Have a money story of your own? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. 00:00-Ruth Jacks joins Living Not So Fabulously 02:00-How childhood poverty shaped Jacks' money mindset 05:00-Importance of financial literacy 12:40-Consequences of not being out at work 18:00-Corporate America facing DEI backlash Yahoo Finance's Living Not So Fabulously is hosted by David & John Auten-Schneider, and created and produced by Rachael Lewis-Krisky. Ruth Jacks is the Executive Vice President and head of Wells Fargo's Commercial Banking (CB) Diverse Segments team Learn more about your ad choices. Visit megaphone.fm/adchoices
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