The New Wealth Wave Podcast With Dr. Wallace

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Feb 2026

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Welcome to 'The New Wealth Wave' Podcast, hosted by Dr. Joaquin Wallace. We’re diving deep into the intricate layers of the Seven Stage Generational Wealth Model. Our mission? To offer you invaluable insights on legacy building and financial growth across generations. Our guests are experts in their field and will guide us through each stage of the generational model. We’re breaking down the dynamics of wealth accumulation and preservation, and teaching you how you can apply this knowledge to your own financial journey.

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February 11, 2026Episode 4554 min

Stop Your Heart From Hijacking Your Wallet with Christine Luken

What if you discovered that 80% of your financial success has nothing to do with math? That the real reason you're stuck isn't the spreadsheet—it's the stories you inherited about money without your permission?Christine Luken, the Financial Dignity® Coach and author of "Money is Emotional: Prevent Your Heart From Hijacking Your Wallet," joins Dr. Joaquin Wallace to share her journey from financial rock bottom with a negative credit score and every card in collections to becoming a Kentucky Colonel honored for 18 years of financial literacy education. Despite having an accounting degree and working in banking, Christine learned the hard way that knowing how money works mechanically is completely different from understanding how it works emotionally."Each person is wired differently on how they think about money based on their past. We have to understand that past first in order to move forward," Christine explains. Traditional financial advice hands you a checklist and expects you to follow it. But Christine reveals why that approach fails smart, high-earning people: it ignores the emotional 80% that actually drives your financial decisions.In this conversation, Dr. Wallace and Christine explore the financial genetic code we all inherit, the difference between guilt and shame in money decisions, and why healing your relationship with money must happen before any financial plan will stick. Christine shares real client stories of couples making multiple six figures whose marriages are strained by money—not because they need to earn more, but because they've never examined their emotional triggers or power dynamics around finances.What you'll learn:Why understanding your financial past is the prerequisite to changing your financial futureThe critical difference between financial guilt (motivating) and financial shame (paralyzing)How to identify hidden emotional triggers before they sabotage your next financial decisionWhy traditional financial advice continues to fail smart people by ignoring the emotional 80%The power dynamics in couples' money relationships and how to navigate them safelyHow to break the cycle of money shame and move toward Financial Dignity®Teaching the next generation financial dignity instead of financial traumaWhy credit cards aren't evil (and other financial myths worth debunking)The Personalized Prosperity Plan approach for high-income earners stuck in stress cyclesHow to know when you need financial healing before financial planningChristine Luken's Resources:Book: "Money is Emotional: Prevent Your Heart From Hijacking Your Wallet" - https://www.amazon.com/Money-Emotional-Prevent-Hijacking-Wallet/dp/0998591203/Website: https://www.christineluken.com/Linktree: https://linktr.ee/financialdignitycoachLinkedIn: https://www.linkedin.com/in/financialdignitycoach/Instagram: https://www.instagram.com/christineluken/ and https://www.instagram.com/financialdignitycoach/Facebook: https://www.facebook.com/christine.luken/Subscribe to The New Wealth Wave Podcast and be part of the community breaking generational financial patterns through shame-free conversations about money.Grab a copy of Dr. Wallace's bestselling book "Generational Wealth Begins with Generational Knowledge" which offers a blueprint for understanding your financial genetic code and building wealth that lasts. Available now: https://amzn.to/4lsZfw8To learn more about Dr. Joaquin Wallace and the Generational Wealth Model, visit: https://www.drjwallace.comFollow us on social media at:Instagram: https://www.instagram.com/dr.joaquinwallaceX/Twitter: https://twitter.com/_JoaquinmediaYouTube: https://youtube.com/@TheNewWealthWavePodcast LinkedIn: https://www.linkedin.com/in/dr-joaquin-wallace-91819514

January 9, 20261 min

Generational Wealth Begins With Generational Knowledge® | Dr. Joaquin Wallace | Available Now

Generational Wealth Begins With Generational Knowledge®#1 Bestselling Author Dr. Joaquin WallaceAvailable now: https://amzn.to/4lsZfw8Throughout our lives, we've been told that money talks. But for many of us, it speaks a language we were never taught to understand.Why do 70% of wealthy families lose their fortune by the second generation, and 90% by the third? The answer lies not in failed investment strategies but in what Dr. Joaquin E. Wallace calls our "Financial Genetic Code," encompassing our Inherited Financial Narratives, Encoded Financial Behaviors, and traumas that quietly shape how we relate to money.In Generational Wealth Begins with Generational Knowledge®: The Seven Stages of Financial Empowerment and a Legacy of Prosperity, Dr. Wallace presents his groundbreaking Seven-Stage Generational Wealth Model©. This comprehensive framework addresses both the psychological and practical elements of building lasting wealth.Grab a copy of Dr. Wallace's bestselling book "Generational Wealth Begins with Generational Knowledge" which offers a blueprint for understanding your financial genetic code and building wealth that lasts. Available now: https://amzn.to/4lsZfw8Learn more about Dr. Joaquin Wallace: https://www.drjwallace.comFollow us on social media at:Instagram: https://www.instagram.com/dr.joaquinwallaceX/Twitter: https://twitter.com/_JoaquinmediaYouTube: https://youtube.com/@TheNewWealthWavePodcast LinkedIn: https://www.linkedin.com/in/dr-joaquin-wallace-91819514

December 16, 202516 min

4th Quarter Recap 2025 | feat. James Alexander, Dr. Gary Clement, Tyrone French

A heartfelt thank you to our esteemed guests from Q4 of 2025 for The New Wealth Wave Podcast. Your discussions were not only challenging but also instrumental in driving change and making a significant impact on our audience. Let's revisit each guest's most viewed highlights. These moments have enriched our conversations and inspired actions toward creating generational wealth beyond mere financial literacy. Your Financial Past Isn't Your Financial Future with James Alexander, CFPhttps://youtu.be/jN6mwExpOZ0Getting Out of Your Own Way Financially with Dr. Gary Clementhttps://youtu.be/SDn2h1SoBZAClosing the Wealth Gap: Breaking Poverty Mindset with Tyrone Frenchhttps://youtu.be/WAk2EAar76ESubscribe to The New Wealth Wave Podcast and grab a copy of Dr. Wallace's bestseller, "Generational Wealth Begins with Generational Knowledge," on Amazon: https://amzn.to/4lsZfw8____________________To learn more about Dr. Joaquin Wallace and the Generational Wealth Model, visit: https://www.drjwallace.com

November 25, 202537 min

Closing the Wealth Gap: Breaking the Poverty Mindset with Tyrone French

Making good money but still feel like you're going nowhere fast? Tyrone French knows exactly why—because he lived it.In this episode, Dr. Joaquin Wallace is joined by Tyrone French, founder of Tyrone French and Associates with over 34 years of experience as a personal finance coach. As an Accredited Financial Counselor and host of the Closing the Wealth Gap podcast, Tyrone has dedicated his career to empowering the 95% who feel left behind by traditional financial conversations."Each person is wired differently on how they think about money based on their past. We have to understand that past first in order to move forward," Tyrone explains. But understanding your past is just the beginning. The real transformation happens when you shift from a poverty mindset to an abundance mindset.Tyrone doesn't hold back: traditional financial literacy has failed because advisors keep "regurgitating the same tired notions" without teaching people how to actually apply the knowledge. This conversation explores what happens when you combine financial education with real-world application and mindset transformation.In this episode, you'll discover:Why Tyrone went from buying $3 shoes at Boys Market to working at McDonald's at 16—and what that taught him about financial independenceThe moment Tyrone realized he had no leverage at McDonnell Douglas—and how that awakening changed his entire financial trajectoryWhy looking wealthy (clothes, cars, jewelry) kept him broke in his twenties—and how he broke that cycle before it was too lateThe foundation every financial house needs that most people completely misunderstandWhy 80% of financially struggling people actually have the discretionary income to change their lives—they just don't know the processThe "shirtsleeves to shirtsleeves in three generations" cycle and exactly how to break itThe poverty mindset that must be ripped out and replaced—and how to recognize it in yourselfTyrone is emphatic about the importance of Dr. Wallace's book—not just for consumers, but for financial professionals too. "People think advisors are just naturally smart," he explains. "But there's a book out there that anybody can read." He calls "Generational Wealth Begins with Generational Knowledge" the book he would have written himself and insists every financial advisor who's serious about their profession needs to read it.This conversation goes beyond budgets and investment accounts. It's about understanding your financial genetic code, healing from past trauma, and making the decision to pay yourself first—even when that decision feels agonizing.Connect with Tyrone French: https://www.tyronefrench.com Toll-free: (877) 296-5192 Download the Tyrone French App: https://www.tyronefrenchapp.com Book: "Closing the Wealth Gap" LinkedIn: https://www.linkedin.com/in/tyronefrench/ Facebook: https://www.facebook.com/tyrone.french1 Subscribe to The New Wealth Wave Podcast for more conversations that challenge traditional financial advice and help you understand the psychology behind building lasting wealth.Dr. Wallace's Amazon bestseller "Generational Wealth Begins with Generational Knowledge" provides the blueprint for understanding your financial genetic code and creating generational prosperity. Tyrone calls it "the book I would have written myself" and says it's essential reading for both consumers and financial professionals. Available on Amazon: https://amzn.to/4lsZfw8Dr. Wallace's Website: https://www.drjwallace.com

November 4, 202550 min

Getting Out of Your Own Way Financially with Dr. Gary Clement

"If you can't save, none of this other stuff matters." Dr. Gary Clement's blunt truth stops most people in their tracks—because without spending less than you earn, no strategy or income level will move you forward.In this episode, Dr. Joaquin Wallace is joined by Dr. Gary Clement, a distinguished educator, mentor, and advocate with more than 20 years in financial services holding certifications including CFP, CRPS, CRPC, AFC, and ABFP. Dr. Clement brings a rare combination of technical expertise and deep insight into financial behavior."It's not about the money you make, it's about the money you keep regardless of how much you're really making," Dr. Clement explains, cutting through one of the biggest myths in personal finance.This episode explores all seven stages of Dr. Wallace's generational wealth model, with particular focus on how our walls in and walls out—the internal and external forces we inherit—create patterns that can either build or block wealth across generations. Dr. Clement shares his own journey through financial healing, revealing how even seasoned professionals must confront their own money scripts and inherited behaviors to move forward.Dr. Clement brings a refreshing honesty to the conversation, sharing how his own walls out led him to prioritize certain cars, clothes, and living situations—and how recognizing those patterns changed everything. His perspective on financial education goes beyond tactics and formulas to address the deeper behavioral and emotional factors that determine success.For financial professionals, this episode offers powerful insights on moving beyond transactional advice to truly transformational relationships with clients. For anyone working to build wealth, it's a reminder that getting out of your own way might be the most important financial decision you ever make.Watch the full episode on YouTube or on your favorite podcast platform: Link: https://youtu.be/SDn2h1SoBZA 🔗 Connect with Dr. Gary Clement: https://www.linkedin.com/in/garyoclement Subscribe to The New Wealth Wave Podcast and never miss conversations that transform how you think about money and legacy.Grab a copy of Dr. Wallace's bestselling book "Generational Wealth Begins with Generational Knowledge" which offers a blueprint for understanding your financial genetic code and building wealth that lasts. Available now: https://amzn.to/4lsZfw8Learn more about Dr. Joaquin Wallace: https://www.drjwallace.com

October 14, 2025Episode 4142 min

Your Financial Past Isn't Your Financial Future with James Alexander, CFP

Your parents' money struggles don't have to become yours. But first, you need to understand what financial patterns you actually inherited.James Alexander, CFP and Partner at Edge Financial, returns for his third appearance this year to discuss how understanding your financial genetic code changes everything about wealth building. After reading Dr. Wallace's book in just four days, James shares why the biggest breakthrough for his clients isn't learning more tactics—it's discovering how their past shapes their present money decisions."Each person is wired differently on how they think about money based on their past. We have to understand that past first in order to move forward," James explains. Traditional financial advice hands you a rulebook and expects you to follow it. But James reveals why 80% of financial success comes from behavior and mindset—not math equations.As we head into Q4, this conversation delivers both the psychology and the practical strategy. James tackles the real questions: Why do people who understand budgeting still overspend? How do you stay calm when the market drops? What's actually worth more—gifting money to your kids now or leaving them an inheritance later?💰 Key insights covered:Why understanding your financial genetic code transforms client conversationsThe critical difference between financial literacy and financial inclusionHow falling interest rates create opportunities for refinancing and portfolio growthThe power of Roth IRA conversions to create tax-free inheritance for your childrenWhy the best financial advice focuses on value, not costPractical fourth quarter tax strategies to implement before December 31stThe real reason most budgets fail (and how to reframe them for success)Estate planning essentials most families avoid until it's too lateJames shares a compelling client story about someone who read Dr. Wallace's book and immediately recognized a critical gap in his insurance coverage—proving how self-awareness accelerates financial transformation. He also reveals the unconventional wealth-building power of gifting to your children in their twenties rather than waiting until you're gone.Whether you're a financial professional looking to serve clients more holistically or someone ready to break free from inherited money patterns, this conversation provides the roadmap for understanding the past, optimizing the present, and building intentional wealth for the future.Want to understand why your financial behaviors are more important than your financial knowledge? Listen now.🔗 Connect with James Alexander:Website: https://edgefa.comPodcast: The Edge Effect - Making Personal Finance Personal📚 Ready to transform your financial legacy? Dr. Wallace's Amazon bestselling book "Generational Wealth Begins with Generational Knowledge" provides the complete framework for understanding your financial genetic code and building wealth that lasts. The book bridges the gap traditional financial literacy leaves behind—moving beyond budgets and investment tips to address the inherited narratives and behaviors that drive your money decisions. Available now on Amazon: https://amzn.to/4lsZfw8Subscribe to The New Wealth Wave Podcast for conversations that challenge conventional financial wisdom and provide the generational knowledge you need to build lasting wealth.To learn more about Dr. Joaquin Wallace and the Seven-Stage Generational Wealth Model, visit:🔗 https://www.drjwallace.com#PersonalFinance #FinancialFreedom #WealthBuilding #FinancialPlanning #MoneyMindset #RothIRA #TaxStrategy #FinancialLiteracy #GenerationalWealth #EstatePlanning #FinancialTherapy #MoneyTips #Investing #RetirementPlanning #FinancialAdvisor #WealthManagement #TaxPlanning #LongTermCare #FinancialWellness #MoneyManagement

September 23, 2025Episode 4015 min

3rd Quarter Recap | feat. Brian L. Thomas, Rahkim Sabree, Dr. Prince Sarpong

A heartfelt thank you to our esteemed guests from Q3 of 2025 for The New Wealth Wave Podcast. Your discussions were not only challenging but also instrumental in driving change and making a significant impact on our audience. Let's revisit each guest's most viewed highlights. These moments have enriched our conversations and inspired actions toward creating generational wealth beyond mere financial literacy. Episode 37: From Financial Passenger to Wealth Driver: The Spectrum of Intention with Brian L. ThomasFull Episode: https://youtu.be/G1ivMuuQm6cEpisode 38: Overcoming Financial Trauma: The Hidden Barrier to Wealth with Rahkim Sabree, AFC®, Part 2Full Episode: https://youtu.be/lX1-dALwhx8Episode 39: Breaking Free From Generational Money Cycles with Dr. Prince SarpongFull Episode: https://youtu.be/DNVLbNrRM_kWe are grateful and humbled to continue providing a platform for discussing and fostering generational wealth. Thank you once again to all our guests. Don't forget to subscribe to The New Wealth Wave Podcast and grab a copy of Dr. Wallace's bestseller, "Generational Wealth Begins with Generational Knowledge," on Amazon: https://amzn.to/4lsZfw8

September 9, 202544 min

Breaking Free From Generational Money Cycles with Dr. Prince Sarpong

What if the biggest barrier to your financial success isn't what you don't know, but what you've unknowingly inherited? In this powerful episode of The New Wealth Wave podcast, Dr. Joaquin Wallace sits down with Dr. Prince Sarpong, Associate Professor of Finance and author of "Portfolio Management for Financial Advisors," to explore how inherited financial narratives shape our money decisions across generations.Dr. Sarpong reveals his own journey through stage two of the seven-stage generational wealth model, sharing how he spent years trapped in financial behaviors that weren't truly his own. "When your narrative is dependent on another individual or group's expectations, you remain stuck without even noticing," he explains. "Your whole financial behavior isn't really about you."This isn't just another conversation about budgeting or investing. Dr. Sarpong exposes the hidden truth about financial education: "More knowing does not necessarily lead to better decisions." He explains why traditional financial literacy often fails and can even cause harm when it ignores the deeper narratives driving our behaviors.💰 What you'll discover:• Why Dr. Sarpong's "aha moment" came from owning his own narrative instead of living by others' expectations• How imposed narratives (not just family teachings) shape your financial genetic code• Why financial literacy alone can do more harm than good without addressing underlying trauma• The difference between intellectual knowledge and emotional drivers in money decisions• How successful families pass down generational wealth vs. generational burden• Why being "gracious to yourself" is essential for financial transformationDr. Sarpong shares profound insights about the intersection of behavioral finance and generational wealth, revealing how even privileged families can pass down harmful narratives to their children. He discusses his upcoming book "Financial Therapy for Men" and explains why meeting people where they are - not where they should be - is crucial for lasting change.Whether you're a financial professional looking to better serve clients or someone ready to break free from inherited financial patterns, this episode provides the framework for understanding how your financial genetic code can be rewritten.To learn more about Dr. Prince Sarpong:https://www.sarpongstrategia.com🔗 Connect on LinkedIn: https://www.linkedin.com/in/prince-sarpong/ 📚 Check out his books: "Portfolio Management for Financial Advisors" (Volumes 1 & 2): https://amzn.to/47qJ0MR Subscribe to The New Wealth Wave Podcast and grab a copy of Dr. Wallace's bestseller, "Generational Wealth Begins with Generational Knowledge," on Amazon: https://amzn.to/4lsZfw8To learn more about Dr. Joaquin Wallace and the Seven-Stage Generational Wealth Model:🔗 https://www.drjwallace.com#GenerationalWealth #FinancialNarratives #BehavioralFinance #FinancialTherapy #MoneyMindset #WealthBuilding #FinancialLiteracy #InheritedTrauma #FinancialWellness #PersonalFinance #WealthMindset #FinancialEducation #MoneyTrauma #FinancialHealing #GenerationalKnowledge #FinancialGenetics #WealthTransfer #FinancialPsychology #MoneyMatters

August 19, 2025Episode 3843 min

Overcoming Financial Trauma: The Hidden Barrier to Wealth with Rahkim Sabree, Part 2

What if the biggest obstacle to building wealth isn't your income, but the financial stories passed down through your family? In this powerful episode of The New Wealth Wave podcast, Dr. Joaquin Wallace reunites with Rahkim Sabree, AFC®, to unpack the hidden forces that sabotage our financial success before we even realize it.Rahkim opens up about his upcoming book "Overcoming Financial Trauma" and reveals how the unconscious money beliefs inherited from previous generations can either propel us toward wealth or keep us trapped in cycles of financial struggle."Do you feel safe in your body when it comes to money?" Rahkim asks. "And a lot of times the answer that I receive when phrased that way... is a resounding no." This simple but profound question reveals how financial trauma lives not just in our minds, but in our nervous systems – affecting every money decision we make.This episode dives deep into the second stage of Dr. Wallace's seven-stage generational wealth model, exploring how childhood money memories, family financial narratives, and inherited trauma create invisible barriers to wealth building. Rahkim reveals his six sources of financial trauma and explains why traditional financial advice often fails when trauma is involved.💰 What you'll discover:Rahkim's six sources of financial trauma (generational/genetic, vicarious, poverty, institutional, workplace, and familial/societal/religious)How financial trauma lives in your body, not just your mindWhy healing requires both education and somatic workThe role of community in breaking cycles of financial traumaHow capitalism keeps us in a state of dysregulationWhy financial literacy alone isn't enough for lasting changeThe difference between individual and collective approaches to wealth buildingRahkim shares how writing his book became a healing journey, forcing him to examine his own financial trauma and the pain that drives his work. He reveals why trauma-informed approaches are essential for financial professionals and challenges the systems that perpetuate financial harm.Whether you've struggled with money despite knowing what to do, or you're ready to ensure your children inherit wealth instead of financial trauma, this episode provides the tools to create lasting change.Pre-Order Rahkim's book, “Overcoming Financial Trauma" on Amazon: https://amzn.to/3UynNZH To learn more about Rahkim and his work, visit: ⁠⁠https://www.rahkimsabree.com/ ⁠⁠Subscribe to The New Wealth Wave Podcast and grab a copy of Dr. Wallace's bestseller, "Generational Wealth Begins with Generational Knowledge," on Amazon: ⁠https://amzn.to/4lsZfw8 ⁠To learn more about Dr. Joaquin Wallace and the Generational Wealth Model, visit: https://www.drjwallace.com

July 1, 202532 min

From Financial Passenger to Wealth Driver: The Spectrum of Intention with Brian L. Thomas

Are you driving your financial future, or just along for the ride? This powerful episode of The New Wealth Wave Podcast will force you to confront an uncomfortable truth: most of us are financial passengers in our own lives, wondering why we never reach our destination.Dr. Joaquin Wallace sits down with Brian L. Thomas, a speaker, author, and mentor who's dedicated his life to breaking the dangerous silence around money that keeps families trapped in financial mediocrity. If you've ever wondered "Why wasn't I taught this in school?" or "How do I even start building wealth?" – Brian's insights will be your roadmap.Brian introduces the game-changing concept of the "Spectrum of Intention" – a tool that reveals exactly where you stand in your wealth-building journey and why you might be stuck. Are you a passenger (reactive and dependent), a driver (proactive and growing), or somewhere in between? The answer determines whether you'll build generational wealth or pass down generational struggle."The comfort zone is the most dangerous place to be," Brian warns. Through raw conversation, he exposes how our relationship with discomfort directly impacts our bank account, and why growth requires us to embrace what feels scary.🔑 Navigate your financial journey:✓ Why most adults are still financial passengers despite having jobs and responsibilities✓ How your "financial identity" secretly controls every money decision you make✓ The uncomfortable truth about why financial literacy isn't taught in schools✓ How breaking the silence around money can transform your family's future✓ Why trust issues in marginalized communities create investment barriers✓ The mentorship gap that's keeping you stuck in financial survival mode✓ How to shift from scarcity mindset to abundance thinking✓ Why "money flows toward those who add value" – and how to become that personWhether you're drowning in debt or earning six figures but still feeling stuck, this conversation provides the clarity and action steps you need. Your financial independence isn't just about you – it's about breaking cycles and creating possibilities for the next generation. The question isn't whether you can afford to invest in your financial education. It's whether you can afford not to.Ready to grab the wheel of your financial future? Your journey from passenger to driver starts here.Subscribe to The New Wealth Wave Podcast for more candid conversations that bridge the gap between financial literacy and lasting wealth. Your journey from passenger to driver starts now.____________________To learn more about Dr. Joaquin Wallace and the Generational Wealth Model, visit: https://www.drjwallace.comFollow us on social media at:Instagram: https://www.instagram.com/dr.joaquinwallaceX/Twitter: https://twitter.com/_JoaquinmediaYouTube: https://youtube.com/@TheNewWealthWavePodcast LinkedIn: https://www.linkedin.com/in/dr-joaquin-wallace-91819514