Collaborative Solutions for Group Financial Management with Joshua Lee

Action's Antidotes

Managing group finances can be tricky, but it’s all about clear communication and setting shared goals. Whether it’s splitting bills or budgeting for a project, transparency keeps things running smoothly. Have you ever had a financial disagreement that taught you something valuable? In this special episode, I’m joined by Joshua Lee, Co-founder and CEO of Tribe Money Pools. We talk about struggles of managing group finances, from tracking contributions to avoiding awkward money conversations. To deal with these, Joshua introduces his app, designed to streamline group financial management, making it easier to collaborate, stay organized, and maintain trust within the group. Tune in, and learn more! --- Listen to the podcast here: Collaborative Solutions for Group Financial Management with Joshua Lee Welcome to Action’s Antidotes, your antidote to the mindset that keeps you settling for less. Today is an important day for Action’s Antidotes because it is my 150th episode, that’s kind of a milestone and, usually, I don’t make these episodes or any of these episodes about myself. Usually, it’s about the guest I’m interviewing, but this particular interview actually pertains to an area of my life personally because I’m the treasurer of an organization called Toastmasters, not the organization International, if you’re familiar, but of a local chapter, I’m a treasurer, and as a treasurer of the group, I oftentimes go to the bank, facilitate transactions with a bank account, because groups like Toastmasters or any other group oftentimes require having a budget, and a lot of people have clubs like that or perhaps you’re out there thinking about what kind of club or organization you want to start. Well, when I go to the bank, I never know what to say to the banker about whether it is a personal or a business account, because it kind of treads that line kind of between the two. It’s not a business, we’re not trying to make a profit or anything like that, we’re just trying to organize all the Toastmasters activities and expenses under this account so that we can fund our operations with our dues and what we owe the international organization and stuff like that. Given that a lot of our pursuits and a lot of us are going to find ourselves in a situation like this, I want to introduce to you today’s guest, Joshua Lee, who is the co-founder and CEO of Tribe Money Pools. --- Joshua, welcome to the program. Awesome. Thank you so much for having me today. Yeah, thank you for hopping on. And so I want to start a little bit about what Tribe Money Pools does about these situations where, okay, you’re not a business but you’re also not a personal account, you’re kind of operating something together in a group. Yeah, absolutely, and I think it would be a little helpful for me to provide a little context as to what Tribe Money is just very quickly. Tribe Money is a digital platform that helps groups share and manage their finances. What we’ve taken are the fragmented processes that occur in group financial management today, such as communication, facilitation, execution, and, most importantly, governance, which is all done with different applications or through different means and different channels. We’ve taken all that and consolidated it all into one platform so the actual financial management, the process of sharing and collecting finances with members of your group, whatever it might be, is much more streamlined, way easier and easier to track, and it’s much more secure than all traditional methods that really exist out there in the market today. So. Really pertaining to what you were talking about earlier, what we’ve brought to this space to really help groups such as yours is provide these quick, virtual, shared bank accounts that people can put together with the click of a few taps. Most importantly, set rules and access controls to ensure that people can monitor who can spend,