Financial health as a pathway to creating lasting generational wealth for all continues to be elusive in the United States, where we explore revolutionary ideas for transforming financial well-being.

In this episode of the More Elephant podcast, we talk with Charles Phillips, the Co-Founder and CEO of Sawa Money. Sawa, in Swahili, means it's all good, and we are in conversation with Charles to discuss the groundbreaking work the Sawa team is doing to improve the financial well-being of their members and solve the wealth gap problem, one manageable financial decision at a time.

Join us as we dive deep into the unique challenges underrepresented communities face regarding financial health and how Sawa Money is leveraging time-honored, community-based traditions to create a platform that aims to redefine how people approach their financial life, build generational wealth and achieve better financial stability. We learn about the 'Savings Wheel,’ a trust-based, communal approach to help people begin their journey to long-term financial health by providing actionable strategies primarily focused on helping alleviate the vulnerabilities those living paycheck-to-paycheck face.

Listen to this captivating conversation as we explore the power of empathy and community-driven initiatives in revolutionizing financial stability. Discover how Sawa Money is paving the way for a more inclusive and prosperous future for all.
Key More Elephant Moments in this Episode:

• We discuss the formative years of Charles’ origin story, from Bangkok to Mississippi, and how that experience informed his desire to explore beyond those borders and “try to be a little bit different and color outside the lines a little bit more.”
• Charles outlines the motivation for building Sawa Money and the creation of the communal ‘Savings Wheel’ as a way to put people on a path to a greater understanding of the compounding effect of sound financial decisions.
• We discuss the importance of trust in financial institutions, the challenges for many in figuring out a path to homeownership, and the aim of Sawa Money to alleviate financial vulnerability to providing an easy-to-understand path to owning and living in a home.
• And more…