Introduce yourself to our audience. Tell us who you are and what you are currently focused on.
Hello Ellevate! My name is Kimberly, and I’m the Founder of Beworth Finance LLC. I'm on a mission to reduce financially-related stress in people's lives, and give them a sense of hope when it comes to their money and financial futures. Beworth Finance does this by making personal finance more relatable and approachable, through online courses, as well as the #FinLit blog and other free resources. As someone who used to struggle with student debt myself, financial literacy is a huge passion of mine. Having established the company only this past year, I joined Ellevate to learn from other small business boss ladies, and network with like-minded women in a supportive environment.
Tell us about your favorite Ellevate Network memory or success story. Why are you a member?
My first Ellevate Network memory is from a student debt presentation I attended as a guest. I was so blown away by not only the presentation, but also the participants' willingness to share their stories, that I went home and got a membership right away! It can be difficult to find a place where women are so forthcoming and supportive, and I think that’s something really special that Ellevate offers its members.
How would you define your professional mission?
My professional mission is to teach and convince people, particularly Millennials ages 22-35, that managing your own money doesn’t require a suit and tie. While financial advisors serve a purpose, there are plenty of money moves you can make to improve your finances now. So as long as you are willing to get educated about money, you are capable of living the life you love. A lot of young people accept their debt as the status quo, but it doesn't have to be, and I want t show them how.
What qualities does it take for someone to be successful in your line of work?
I think you need to be relatable and honest in the personal finance industry, because success is really a function of the impact you have on the people you serve. If my students’ lives aren’t improving based on the information I provide, then I’m not doing my job — and they’ll be quick to tune out if I’m not easy to relate to, or upfront in helping them address their financial situations.
What is one of your most memorable career accomplishments?
The first time I was quoted in Business Insider was a pretty incredible moment for me. To go from someone who suffered from so much anxiety due to over $40,000 in student debt 7 years ago, to a trusted source in the personal finance community... it was pretty a proud moment. I bought myself a nice margarita for that one.
What are some career challenges on your radar?
When I established Beworth Finance, I knew I could handle developing the course content and blog posts, because personal finance is what I know best. What I didn’t think through, is the marketing side of the company. Starting an online company can be difficult because there is no physical location to draw students in, like there may be with a brick-and-mortar store. So learning more from others about online marketing, or hiring someone to do is my next uphill climb.
What project have you worked on that you’re most proud of? Why?
Beworth Finance is part of the 1% Pledge Initiative, under which I've committed 1% of the company's time and/or product to helping survivors of financial and domestic abuse. A lot of people are familiar with domestic abuse, not realizing that financial abuse occurs in over 90 percent of all cases. This can include a variety of tactics such as identify theft, demanding an unfair share of income, and/or controlling all credit cards and other assets. Not only does this isolate the person being abused, but it also makes them financially dependent upon their abuser. If they leave, they may not have access to bank accounts or credit. So as part of the 1% pledge, I would like to help break this cycle and give survivors some of the financial tools and support that they need. While I haven't formally engaged yet, I am in conversations with a domestic abuse shelter in Washington, DC, and am really excited about getting involved in the DC community.
What is the most rewarding part of your job?
The most rewarding part of my job is knowing that I helped someone take control of their financial future. Before starting the company, I would help my friends and family with their budgeting or student loans, and realized that they were comfortable talking to me, but wouldn’t pick up the phone for a financial advisor. It’s how the idea for Beworth Finance was born. So delivering content in a way where people feel like they're talking to a girlfriend, and knowing it helped them, is the best of the best.
What would you say your personal superpower is?
I’d say my personal superpower is that people aren’t afraid to talk to me. Not that it's always a good thing -- sometimes it's a complete stranger on the street! But for the most part, I'm a friendly person and it's a good thing.
What is the best career advice you ever received?
"Work harder than anyone else in the room, and make yourself indispensable." -- Thanks, Dad.
Have more questions? Follow up with the expert herself.
Founder & Educator
Beworth Finance LLC
Kimberly Hamilton is the Founder of Beworth Finance LLC, where she provides approachable personal finance advice for the average money maker. Student debt saga turned financial educator, she has been quoted in Business Insider, Featured on The Everygirl, and you can find her on Instagram @BeworthFinance. She is proud New Yorker, DC Resident, and loves a spicy margarita. Continue Reading
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