WESTLAKE, LOS ANGELES (KABC) — Rising prices have many people talking, especially in the Hispanic community.<\/p>\n
“More people want to know how others are surviving, how they’re doing, how they’re making ends meet,” said Samuel Molina, CEO of The Academy of Financial Education<\/a>.<\/p>\n But, when it comes to financial advice, consider the source.<\/p>\n “Licensed investment advisors do not provide investment advice on social media,” Molina warns. “They can lose their Series 7, Series 6 license if they do that.”<\/p>\n In a moment when struggles over gas and groceries have many looking to maximize their financial potential, Molina encouraged people to do their homework.<\/p>\n “There’s a lot of misconceptions around debt online,” he said. “I’ll see folks saying, ‘Hey, if, you know, a debt collector buys your debt, you’re no longer responsible for that.’ That’s not true.”<\/p>\n The Academy of Financial Education will host its inaugural “A Wealth of Wisdom” event this Saturday, offering a day of free community training, resources and connection.<\/p>\n The event will gather a panel of experts and community partners to share their financial journeys, from 10 a.m. to 2 p.m., at CARECEN Los Angeles.<\/p>\n SPEAKERS: ‘A Wealth of Wisdom’ LA Workshop<\/p>\n Molina said the event, taking place during Hispanic and Latin American Heritage Month, was designed to fuel opportunity and financial well-being for for multigenerational Latino and immigrant families, as well as college-bound Latino students.<\/p>\n “Our mission is for people to have a healthier relationship with money,” Molina said. “Whether you think you do or not, you do have a relationship with money, and it’s important that you have control of it, right?”<\/p>\n For those who are ready to start planning for their futures, Molina said financial professionals will be on site who can meet one-on-one, with no pressure.<\/p>\n Registration is free<\/a>, but not required, and participants will also have the chance to win raffle prizes as part of Saturday’s event.<\/p>\n For more information, visit TAOFE.org<\/a>, Instagram<\/a> or Facebook<\/a>.<\/p>\n CARECEN Los Angeles is in Westlake, at 2845 W 7th St, Los Angeles, CA 90005.<\/p>\n More Local Events: ABC7 In Your Community<\/a> | Submit Your Event to ABC7<\/a> Copyright \u00a9 2026 KABC Television, LLC. All rights reserved.<\/p>\n
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