0:00
This is an iHeart podcast.
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Hey, it was good, y'all.
0:05
You're listening and learning the hard way
0:07
with your favorite therapists and host care games.
0:09
This space is about black men's experiences,
0:12
having honest conversations that it's really not safe
0:15
to have anywhere, but you're having them
0:17
with a licensed professional who knows what he's doing.
0:19
How many men carry a suit of armor?
0:22
It signals to the world that you're not to be played with.
0:24
And just because you have the capability
0:26
that does not mean that you need to.
0:29
Listen and learn the hard way on the iHeart Radio app,
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Apple Podcasts, or wherever you get your podcasts.
0:35
In 2023, Bachelor star Clayton Eckerd
0:38
was accused of fathering twins,
0:40
but the pregnancy appeared to be a hoax.
0:43
You doctor this particular test twice and so on, correct?
0:46
I doctor the test ones.
0:48
It took an army of internet detectives
0:50
to uncover a disturbing pattern.
0:52
Two more men who'd been through the same thing.
0:55
Greg, a lesbian, Michael Manchini.
0:59
I'm Stephanie Young.
1:02
Laura, Scottsdale Police.
1:03
As the season continues,
1:05
Laura Owens finally faces consequences.
1:08
Listen to Love Trap's podcast on the iHeart Radio app,
1:11
Apple Podcasts, or wherever you get your podcasts.
1:15
When a group of women discover they've all dated
1:18
the same prolific con artist.
1:20
They take matters into their own hands.
1:23
I vowed I will be his last target.
1:26
He is not going to get away with this.
1:28
He's going to get what he deserves.
1:32
Trust your girlfriends.
1:34
Listen to the girlfriends.
1:37
On the iHeart Radio app, Apple Podcasts,
1:39
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1:46
The story I told myself
1:48
can then shape my behavior
1:50
and that can lead me to sabotage.
1:52
The possibility of connection.
1:55
This mental health awareness one,
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tune into the podcast deeply well with Debbie Brown.
2:00
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2:03
while doing the work to become whole,
2:05
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2:08
Listen to deeply well with Debbie Brown
2:10
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2:12
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2:20
the host of Money Making Conversations Masterclass.
2:22
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2:25
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2:27
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2:59
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3:01
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3:03
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3:20
Brother, my jaw hit,
3:23
How you doing, brother, my jaw hit?
3:24
I'm doing great by God's grace.
3:26
And I'm happy to be here with you, brother, resign.
3:28
Okay. Now, you're basically used to Texas.
3:30
And I'm born and raised in Houston, Texas.
3:32
So when I saw your information come to my guests,
3:35
I jumped on it immediately.
3:37
Tell me what you're doing down in Houston, Texas.
3:39
Brother, my jaw hit.
3:40
Well, we are committed to assisting people
3:42
in the personal financial space.
3:44
My expertise is both a real estate,
3:47
and insurance as well.
3:49
So we're helping young families,
3:51
or people in general,
3:52
you know, to get off to a fair start
3:54
and not duplicate those mistakes
3:56
that were originated by myself coming up
3:58
and trying to develop my personal financial portfolio.
4:03
you learn from your mistakes.
4:05
You put it out there first, brother, but jaw hit.
4:08
What were some of the mistakes you made
4:10
that you don't want us to make?
4:12
Give us a couple of them.
4:13
Well, let me start from the beginning.
4:15
I think, as I grew up,
4:17
the story was told to me,
4:18
my dad went to the military
4:20
and he was sending home checks
4:22
to help take care of the family.
4:24
At that time, you know,
4:25
they were extremely poor,
4:26
so it was a necessity.
4:28
And he's sending checks every month, every pay period.
4:30
When he got out of the military,
4:33
my grandmother, his mother,
4:35
never cashed any of those checks.
4:37
So she gave the money back to him,
4:39
and he used that to buy his first duplex
4:41
and that later foundation
4:43
for his financial future.
4:45
In mimicking fashion,
4:47
I joined the military,
4:48
but I didn't need to send checks.
4:50
We were in a different time.
4:52
Although I'm sure he would have taken my checks,
4:55
I was saving the money,
4:57
and when I came home from the military,
4:59
my father helped me find my first duplex,
5:02
and it was from that duplex
5:04
that was the launching pad.
5:05
I got married a few years later.
5:08
I identified this thing called equity.
5:11
I pulled out over $20,000 in equity,
5:14
and I immediately started,
5:16
they called it the birth technique.
5:18
Back then there was no bird,
5:19
there was no YouTube,
5:20
and everything like that.
5:22
I was buying real estate, renovating it,
5:26
refining it, refinancing it,
5:31
that whole bird met it.
5:33
and to amass the million-dollar portfolio,
5:35
I thought I had enough to leave my W2 job.
5:42
Hurricane Katrina hit the New Orleans area,
5:48
a nun of my portfolio was there.
5:52
Just remind everybody,
5:53
the year of Hurricane Katrina.
6:03
A devastation like that never happened before,
6:05
so there was no flood insurance,
6:07
so we literally had these decimated properties
6:09
with no money to repair it.
6:11
And I remember being on a phone
6:15
I was in the middle of a renovation at that time,
6:18
and the lender was chiding me.
6:21
look, I need you to get back on it
6:22
and rebuild this property and rent it out.
6:25
I don't think you understand.
6:26
It's not my property.
6:27
There's no houses for blocks and blocks.
6:30
The whole community was gone.
6:32
So that level of devastation
6:34
was really unfathomable to all parties involved.
6:38
So after suffering that,
6:40
went to Houston to try to regroup.
6:44
I'm going to come back and recommit
6:45
to build in my portfolio.
6:51
we know what happened with the real estate market.
6:52
And that was kind of like the nail
6:54
that kind of sealed the coffin.
6:58
I kind of hit myself over the head
7:00
with that invisible hammer.
7:01
I was blaming myself,
7:02
thinking I wasn't what I thought I was.
7:04
And for several years,
7:06
and thought I was a failure
7:08
as it relates in the financial space.
7:10
But there was a unique,
7:12
that turned things around.
7:13
You know, I got a phone call
7:16
We had one car at the time.
7:20
Betty turned off the water.
7:22
So I moved some things around.
7:25
look, go pay this water bill.
7:26
So she literally walked
7:27
to the utility company
7:29
to pay that water bill
7:30
before the children could come back home
7:32
and realize what had happened.
7:35
And I remember looking
7:36
at my wife in the face
7:39
this next chapter of our life,
7:41
we're going to have a lot of problems,
7:42
but it won't be a financial one.
7:44
And so I committed myself
7:46
to turning our situation around.
7:49
And that was the impetus
7:51
to where I knew I needed
7:52
to do something different.
7:54
really the motivator
7:55
for helping other families
7:58
that experience that I felt
8:09
of the home mortgage.
8:12
in the middle of Katrina.
8:14
with their home mortgages.
8:16
And then you had at least,
8:18
at least seven years
8:20
that I was just doing ins
8:24
yeah, I brought over this.
8:26
So what's seven on top
8:32
I was in that area at this point.
8:35
So now the next ten years,
8:36
you got a plan in place.
8:39
And what was that plan?
8:40
And why did you feel the need
8:45
you already messed up
8:48
did properties got washed away
8:52
Why would you go back
8:54
after that level of devastation,
8:57
Well, he is what I learned.
8:59
And I think a lot of times
9:02
we tried to lead with business,
9:07
looking for business to solve
9:09
our personal financial situation.
9:11
And the light bulb that came up
9:13
with me is that if you solve
9:15
your personal financial situation,
9:17
you can grow organically
9:18
and come to the market
9:21
So I prefer to come to the market
9:23
as a well-capitalized investor,
9:25
as opposed to an undercapitalized investor.
9:27
And when you prioritize your personal finance,
9:32
and grow according to stage by stage,
9:34
you'll eventually reach a point
9:36
to where you can come to the market
9:38
and be more productive.
9:39
Because the biggest,
9:40
biggest lesson I learned
9:45
And so at that time,
9:47
I was real estate rich
9:50
coming around a second time,
9:53
and controlling my personal financial situation
9:55
so that I can approach the market
9:57
from a totally different perspective.
9:59
So basically maintaining control
10:03
So most people get out there.
10:05
And I would tell you,
10:06
when I first opened my first business,
10:08
I just had a dream.
10:09
I didn't have a plan.
10:10
I didn't know the severity
10:13
of what taxes were.
10:14
I didn't know understanding
10:17
work with these conferences.
10:19
There need to be applied,
10:21
work with the conversation,
10:25
if you're into advertisement,
10:30
to stay in business,
10:33
That's what you learn
10:36
You were in business,
10:37
but you were not in business
10:38
because you got taken away
10:40
because you didn't have all
10:41
the necessary safeguards
10:46
you contacted me and said,
10:48
I won't tell everybody about me.
10:49
I'm a personal finance coach.
10:51
My business is wealth coaching stratosphere.
10:54
What is wealth coaching stratosphere?
10:57
The term stratosphere
10:59
is pretty much a metaphor.
11:02
What we've done is we've identified
11:04
five areas of financial development
11:07
and the lowest being financial failure.
11:11
That's when you have more money
11:14
the least desirable stratosphere
11:17
But the next is financial health.
11:19
That's where most of us find ourselves
11:21
paycheck to paycheck.
11:22
We're able to meet those obligations.
11:24
And the next stratosphere
11:25
is financial fluency.
11:27
That's what things get better
11:29
when you have more money than month.
11:31
And then you graduate to financial wealth.
11:34
And the difference between wealth and fluency
11:36
is the accumulation of income-producing assets
11:39
until finally you grow into financial independence
11:42
where your money is making money.
11:44
So, what each one of those stratosphere
11:46
is a diameter of thought
11:48
that you're terming the term.
11:52
It's five stratosphere.
12:01
And financial independence.
12:05
I missed that count.
12:07
So, it started financial failure
12:08
because that's where a lot of people are.
12:11
You know, the reality.
12:12
That's where a lot of people get
12:13
to the next step is homeless.
12:14
You know, pride comes in the play.
12:17
You don't have a plan to get out of that spiral.
12:21
Why do the average person
12:24
live in that financial failure status
12:27
or find themselves descending
12:30
into that financial failure status?
12:33
I think some of the major contributors
12:35
is self-esteem, certainly.
12:37
But then some of the more practical things
12:39
or problems is that we take advice
12:41
from other poor people.
12:43
And that's the biggest mistake
12:45
you can make in financial failure.
12:47
A lot of times people that have jobs at,
12:50
I don't want to name one of the low income places
12:53
just to be derogatory.
12:54
But they got those jobs from friends
12:56
that got them in there.
12:57
And so when you're not,
12:59
what you are, you have to do
13:01
what you haven't been doing.
13:03
And so taking advice for people
13:04
that are in different stratosphere
13:06
as a different spaces
13:08
you can gain that quantum leap
13:10
into your next stratosphere.
13:12
Let me answer this.
13:13
Let's talk about personal financial philosophy.
13:16
You're a personal financial philosophy.
13:18
You gave us five points.
13:21
walking into your office,
13:25
And I don't know, man.
13:28
I want to, I see people like that
13:30
But I'm not making the money.
13:31
I'm just an average guy
13:32
working a 40-hour-week job.
13:37
Yes, infatically, yes.
13:38
The first step is understanding
13:40
that it's a process
13:43
You can't come to anyone
13:45
to a military or a situation.
13:48
And you got to be committed
13:50
And for a lot of people,
13:51
it begins by just looking
13:55
the people that just refused
13:57
to look at where they stand.
13:59
So you have to look at it
14:01
and receive some information
14:04
to point you in the right direction.
14:06
And once you take a look,
14:07
nine times out of ten,
14:08
it's not as bad as you think it is.
14:12
It depends on what's
14:15
You sit there, brother.
14:17
Because I'm telling you,
14:19
I've had a headache
14:20
on my side of the table
14:21
because it looked pretty bad.
14:23
But I think that what you're saying is,
14:25
don't allow the moment
14:32
take that deep breath.
14:34
And also, I think a key
14:35
for me is looking around
14:38
and see who's there to...
14:40
Not so much give you money,
14:41
but that can support you
14:42
that you can talk to.
14:43
Because a lot of people fall victim
14:45
to a lot of their calamity
14:47
because they don't have
14:48
anybody that they talk to.
14:50
Because, like you said earlier,
14:51
a shame feel that they don't
14:56
They don't want to feel that,
14:58
hey, I'm a failure,
14:59
especially the family,
15:01
especially the friends,
15:02
especially the coworkers.
15:04
Now, when you're talking
15:05
about your financial philosophy,
15:09
I'm doing all right.
15:12
I want to get in the real estate.
15:14
You don't want to talk
15:15
about your real estate story
15:20
How do I get in the real estate?
15:27
as far as real estate,
15:30
It should be pre-approached
15:32
with the capitalization phase.
15:33
And you should not approach that
15:37
and you pass financial fluency.
15:39
So what happens is a lot of times,
15:41
you know, there's a lot of things
15:42
out here, no money down.
15:44
And these are true philosophies.
15:46
You can acquiesce real estate
15:48
with creative financing
15:50
with no money down.
15:51
But what the story that's not told
15:52
is you can't cheap real estate
15:54
with no money down.
15:55
Real estate is a heavy financial
15:58
intensive business.
16:08
It cries a lot of involvement.
16:10
So the best thing you can do
16:12
is go through that capitalization phase,
16:14
which we know you beyond that.
16:16
But I'm talking to the average person,
16:18
you need to spend time...
16:19
What does that mean, capitalization?
16:21
That's just saving money.
16:23
A lot of people frown on saving money,
16:25
but you can't approach your opportunity
16:27
without an opportunity fund.
16:29
So you want to come to the market
16:32
That's my advice before you think
16:34
about real estate, first focus on
16:36
capitalizing your personal situation
16:38
and it makes a big difference.
16:40
When you come to the market well capitalized,
16:42
the first thing is you see opportunities
16:46
that other people don't see.
16:47
And a lot of times when you have money,
16:49
things that you thought that you wanted
16:51
when you were broke,
16:52
you don't want it anymore.
16:55
And lastly, I say this,
16:57
what does well capitalized look like?
17:00
That's a very subjective language.
17:03
But we do know that Warren Buffett's
17:06
right hand man Charles Munger.
17:08
He said, you've got to get your first 100,000.
17:11
Do whatever you do to do that.
17:13
Please don't go anywhere.
17:15
We'll be right back with more
17:16
money making conversations.
17:18
not need for you to do me a favor.
17:20
Right now, you'll follow or subscribe
17:23
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17:25
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17:30
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17:32
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17:34
Follow or subscribe,
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That is the number of people
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18:13
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18:17
I'm Michael Easter.
18:20
I break down the signs
18:21
of mental toughness,
18:23
and building resilience
18:24
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18:26
I'll be speaking with writers, researchers,
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18:33
and way too complex pseudoscience
18:35
that dominates the wellness industry.
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We really believe that seed oils
18:39
were inherently inflammatory.
18:43
Many of the problems that we are freaked out
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about in the world are the result of stress.
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Put yourself through some hardships.
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And you will come out on the other side
18:53
a happier, more fulfilled, healthier person.
18:56
Listen to 2 percent.
18:57
That's T-W-O percent
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on the iHeart radio app,
19:03
or wherever you get your podcasts.
19:07
Welcome to my new podcast,
19:09
learning the hard way with me,
19:11
and your favorite therapists,
19:13
And in recognition of mental health awareness month,
19:15
I'm bringing over a decade
19:16
of my own experience
19:17
in the mental health field
19:19
with so many incredible guests.
19:21
I'm talking trip fountains,
19:24
Sometimes when we're in the pursuit of the thing,
19:26
we get so wrapped up in the chase
19:28
that we don't realize that we are in possession of the thing.
19:32
And we're still chasing it
19:34
and we don't know when we done enough
19:36
because people scoreboard watch.
19:38
Life becomes about wins and losses.
19:40
Steve Burns, Dustin Ross,
19:42
because you find it important to be a good person
19:44
while you're here on Earth,
19:45
are you a good person because you're free?
19:47
Because that's two different intentions, bro.
19:50
And that's two different levels of trust.
19:52
I want you to just really be a good person.
19:56
is we have real conversations about healing,
20:00
pressure, and purpose
20:02
learning the hard way.
20:04
our hard radio app,
20:06
learn the hard way,
20:11
former bachelor star Clayton Eckerd
20:14
at the center of a paternity scandal.
20:16
The family court hearings
20:17
that followed revealed
20:19
glaring inconsistencies
20:22
This began a years-long court battle
20:24
to prove the truth.
20:25
You doctor this particular test
20:27
twice in selling, correct?
20:29
I doctor the test ones.
20:30
It took an army of internet detectives
20:33
I wanted people to be able to see
20:35
what their tax dollars were being used for.
20:37
Some likes the greatest disinfectant.
20:40
They would uncover a disturbing pattern.
20:43
who'd been through the same thing.
20:49
I'm Stephanie Young.
20:54
As the season continues,
20:55
Laura Owens finally faces
20:58
Ladies and gentlemen,
21:00
at a Maricopa County
21:01
as Laura Owens has been indicted
21:06
until Justice has served in Arizona.
21:10
Listen to Love Trap's podcast
21:11
on the I Heart Radio app,
21:13
or wherever you get your podcasts.
21:19
Money Making Conversations
21:20
and Masterclass hosted by me,
21:22
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21:23
and Masterclass continues online
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21:28
Money Making Conversations and Masterclass
21:32
You have to plan to be successful.
21:37
and so many people,
21:39
this will always get to me.
21:40
People want to get in the real estate, right?
21:43
And so they sit up there
21:44
and they go by land.
21:46
But they have no way of saying
21:48
they forget the one key thing
21:52
They're going to come get those taxes.
21:55
So if you bought land,
21:56
that's what you was talking about having
21:59
That's what you're talking about.
22:02
Because if you are not in a position
22:03
to make money off that land
22:05
or that house that you just bought
22:07
and you're not remodeling,
22:08
you're not trying to flip it,
22:10
the tax man is going to come.
22:13
And he's going to come
22:14
and want his money.
22:15
And if he doesn't get his money,
22:17
he's going to find you
22:21
he's going to take back something
22:22
that you invested in.
22:23
And that's a key element
22:24
that a lot of people don't think about
22:26
when they buy land.
22:29
and there's nothing happening
22:32
that can become a liability
22:33
very, very quickly.
22:38
And I want to really speak
22:40
because it may overwhelm someone
22:41
that's in another stratosphere.
22:43
And the point is that
22:44
this is a process not a product.
22:46
I'm speaking at a certain stratosphere
22:47
when I see $100,000
22:49
and you have to respect the process.
22:51
So if you're in a financial health stratosphere,
22:53
you don't need to be thinking about real estate.
22:55
You've got to be $1,000 there
22:56
before you can be $10,000 there,
22:58
before you can be $100,000 there.
23:00
So respect the process,
23:02
and grow organically.
23:04
It was, I think Abraham Lincoln
23:06
is credited as saying
23:08
if he had six hours
23:09
to chop down a tree,
23:10
he would spend four of them
23:11
sharpening his axe.
23:12
So don't underscore preparation.
23:14
It's not that nothing is happening.
23:16
Something is happening.
23:18
so that when you approach
23:21
from a position of strength.
23:23
You got those catchphrases now,
23:25
I love talking to you, man.
23:27
What is the benefits of financial coaching
23:31
What are the benefits?
23:32
So it's being able to talk
23:34
to someone kneecap to kneecap
23:36
is being able to hear from someone
23:39
Someone to be able to feel
23:40
what you feel that's been
23:41
where you've been at.
23:43
most times we take advice
23:45
that are on our same level.
23:46
We need to hear from someone
23:47
objectively on our next steps.
23:49
Now financial coaching
23:50
is a very serious step.
23:52
So if you're not serious,
23:53
you might want to read a book.
23:55
You might want to watch
23:57
When you talk about financial coaching,
23:59
you're talking about
24:00
you're really committed
24:01
to going to that next level.
24:03
It's important that people
24:06
I'm talking to brother
24:12
right outside of Houston,
24:14
And his name of his company
24:18
three ways our clients
24:20
That means us being you.
24:24
in those three ways
24:33
It's really important
24:34
to have a one-off question
24:36
It's a shootman email.
24:37
And if you don't mind
24:38
hearing an opinion,
24:42
You want to seek those
24:44
But I would love to hear
24:45
from you where you are
24:48
So that's one way to just
24:51
lead a financial group
24:55
come on and share some
24:57
develop that group.
25:04
singles and we talk
25:05
about money and marriage
25:06
and different things
25:08
Or if you want direct
25:09
financial coaching,
25:11
worldcoachingstratisfield.com
25:13
set up a free consultation
25:16
in the right direction.
25:19
You hear that, ladies and gentlemen?
25:23
man's not going to give
25:27
lay down a game plan
25:29
find out if you guys
25:31
then they put a plan
25:37
who charged the work
25:38
and sold them got a
25:43
that he's saying that
25:44
basically come to him,
25:46
He lay down the whole
25:48
complimentary fashion.
25:51
worker relationship.
25:53
a relationship on point
25:56
Now, let's talk about
25:58
financial condition
26:01
Because that's where
26:02
every politician who
26:08
tariffs sitting out
26:12
So the good news is
26:14
that the economy doesn't
26:22
And here's the outlook
26:24
American that after
26:26
20% is committed to
26:30
30% is committed to
26:31
living expenses, which
26:32
leaves 10% which we're
26:33
trying to invest in
26:35
estate, and what we do.
26:36
But if we would just
26:37
give focus to that 90%
26:40
through financing, we
26:41
need to get the banks
26:59
You're going to get the
27:06
tailwind that can really
27:07
cause you to change your
27:09
I know we're taught to
27:11
have the credit cards.
27:12
I know we're taught to
27:14
get the real estate
27:20
And all these cars and
27:22
But we just need to get
27:24
those banks out of our
27:28
is about living within your means and being a partner
27:31
with your partner and coordinating
27:33
your personal financial reality.
27:35
And you can really change your situation.
27:39
Now we were talking about banks.
27:41
Now on your card, you sent me about infinite banking concept.
27:46
I've never heard that.
27:49
Infinite banking concept.
27:51
Help me out there, brother Mama.
27:53
A gentleman named Nelson Nash,
27:56
he identified a concept that he dubbed
27:59
the infinite banking concept.
28:01
And through the infinite banking concept,
28:04
we're taught how to gain control
28:07
of the banking function in our lives.
28:10
That's something we really don't think about.
28:13
But when we want to buy a home,
28:14
when we want to buy a car, when we want an education,
28:17
we have to go to third party gatekeepers
28:20
that will determine if we can have that.
28:23
In building your own banking,
28:27
you learn how to use a life insurance policy
28:32
for its living benefits to accumulate capital
28:35
that can in turn allow you to access
28:38
for business opportunities.
28:40
So I was my barber.
28:43
We were in a barber shop.
28:44
He decided to leave and he started his own barber shop.
28:48
So we were just getting a standard cut.
28:51
we were chairing another barber shop.
28:54
Yeah, so yeah, my barber was in a barber shop
28:56
and he decided to go through his own thing.
28:58
So yeah, so yeah, so I'm at his chair
29:01
in the barber shop and we're talking.
29:02
He said, hey, you know, the barber shop
29:04
we left is a for sale.
29:06
And so I said, oh, that's interesting.
29:08
Why the manager of the barber shop?
29:10
Why he didn't buy it?
29:11
He said, he don't have that type of money.
29:13
I said, you don't want to buy it.
29:14
He said, if I had the money, I would buy it.
29:17
So then light bulb, you know,
29:19
opportunity dropped in my head
29:21
because I had resources though.
29:23
That's the point I'm trying to make.
29:24
Because I had capital,
29:26
an opportunity came to me
29:28
and I was able to access that capital
29:30
without permission from anyone.
29:32
And this is the power of the Infinite Banking Concept.
29:35
So the Infinite Banking Concept is a course.
29:37
It should be approached as a course
29:40
and you should be under the tutelage
29:42
of a professional to set it up.
29:44
But once it's set up,
29:45
it's an incident generational opportunity
29:48
to gain and strengthen your finances
29:50
and have living benefits.
29:52
It's just a phenomenal approach to well-building
29:55
and to functioning and building a personal economy.
29:59
As a financial literacy expert,
30:02
what did you get your background?
30:04
You learned what courses did you take
30:06
to get you to this point
30:07
to be so literate, a literal,
30:10
this level of expert advice that you're able to give us?
30:14
I would say that the School of Hard Nights
30:16
is a big, was my biggest university.
30:22
But going into the fields,
30:23
my experience in real estate, I learned a ton.
30:26
Being in the insurance space, I learned a ton.
30:30
A lot of self-study.
30:32
I've been a tutelage under one of Nelson's top mentors.
30:36
So a lot of great mentors and all that.
30:38
But you can't underscore mentorship.
30:40
You cannot underscore mentorship.
30:42
And you know what's a lot that's not taught
30:45
is that the game is sold, not told.
30:48
There's a lot of great information
30:49
you can get from YouTube.
30:50
But when you really want to take it to the next level,
30:52
you've got to be willing to pay.
30:54
And that's what I've done.
30:55
I pay for a lot of coaching and mentorship.
30:57
And it's brought me to the next level.
30:59
I've heard this term a lot.
31:02
Can you break free from debt?
31:04
The game is situated where you got to stay in debt.
31:09
Correct brother, Mahama?
31:11
So when people talk about it,
31:12
use their term debt-free, that's not real correct?
31:20
No debt, debt-free, though, is real.
31:24
And it is a beautiful space to be in.
31:27
I mean, now, you tell me right now,
31:32
you don't have a credit card bit.
31:33
I don't have a credit card.
31:35
Don't have a card note.
31:37
Don't have a house note.
31:39
Yeah, it's a beautiful space.
31:43
But now, it comes with a price.
31:45
It comes with a price for the average person.
31:47
It may take two to seven years to accomplish that.
31:50
And I don't want to paint a rosy picture,
31:52
but all I can say is it is show work, it is show work.
31:55
I remember when we were on our journey,
31:59
I asked my wife, how much was her student loans?
32:04
And so we got into argument, 50,000.
32:07
She said, yeah, you told me to defer.
32:08
I said, I didn't tell you to defer.
32:10
We go back and forth, you know what I'm saying?
32:12
So once cooler hands prevailed, I said, all right,
32:16
all right, we in it too, when we don't do it together.
32:17
I'm laughing because you were like,
32:20
I was like, you never heard that number.
32:22
No, no, no, at that time, that was huge for us.
32:27
And sometimes, like, sometimes I'm married, too.
32:29
And sometimes my wife will say something, I go,
32:31
and she go, I've told you that.
32:35
But here's the Kings Park Resign.
32:37
After cooler hands prevailed, we said, okay, let's attack it.
32:41
We pulled the credit report.
32:43
The real number was 72,000, almost fell out my shed.
32:47
I was like, oh my God, it took everything.
32:50
But you know, we stayed the course, we fought through it.
32:54
And today, that's a major part that binds us, that journey.
32:59
So yeah, it is attainable.
33:02
It is a process you link with the right community.
33:05
We can help you accomplish that.
33:06
It's a phenomenal reality.
33:09
Because now, with you, my brother,
33:12
how do I create that financial game plan
33:14
with you, brother, my grandma?
33:16
You know, you, my personal financial coach now,
33:19
you are consulted with you.
33:21
So now I'm going, I like this brother.
33:23
He got everything he's saying, all the right things to me.
33:26
How do you create that game plan for me?
33:29
Well, we're gonna start with a discovery call,
33:32
and we're just gonna open up your financial situation
33:34
and let you see it for yourself, everything.
33:36
We're gonna look at all the ends and out.
33:38
And once we look at all the ends and out,
33:40
we're gonna give you a game plan that starts from scratch
33:43
that allows you the one to get out of the situation you in
33:47
to begin to capitalize.
33:49
The first phase of capitalization is an emergency fund.
33:52
The second phase is a homeowner down payment,
33:55
unless you already have it.
33:56
And the third phase is building up that opportunity fund
33:59
and then show you how to approach the market correctly.
34:01
So I'm giving an overview,
34:05
but trying to give me some insight to how we put you on a plan
34:09
and work with you, allow the axles questions
34:11
and work through that process.
34:14
You know, the process is this.
34:17
If I said that with you,
34:19
do I need life insurance, brother Mahama?
34:22
Do I need life insurance?
34:24
The everyday person need life insurance.
34:28
So personal finance is personal.
34:31
So there needs to be a personal assessment
34:33
to answer that question.
34:34
Generally speaking, yes, there's some one-off situations
34:39
where you're single, no children, nobody's dependent on you.
34:43
You may get away with a burial policy.
34:46
You know, you don't have any assets or whatever,
34:48
but generally speaking, we need to get into the business
34:51
of insurance to promote this intergenerational exchange
34:55
of wealth so that we can compete with our counterparts.
34:59
So we strongly encourage you to get that insurance policy
35:02
in place, absolutely.
35:04
I'm telling you something, this has been fun.
35:06
Fun and educational for me.
35:08
I love your personality.
35:10
I love your approach to this.
35:11
How do we interpret you, brother Mahama?
35:13
There's a few ways you can go to wealthcoachingstrategesphere.com.
35:18
You can email me at support at wealthcoachingstrategesphere.com.
35:23
I'm on Instagram at wealthcoachingstrategesphere.
35:27
And yeah, I just love to connect with you, send me an email,
35:30
let me know what your questions are concerns are,
35:32
and however we can serve you, we'll be happy to do so.
35:35
Well, he's up there doing big things down in Katie, Texas,
35:38
which is right outside of Houston, Texas, my home town.
35:41
He's a personal finance coach, a wealthcoachingstrategesphere.
35:45
He's brother, my jawhead, Muhammad.
35:48
Thank you for coming on Monday Making Conversation
35:50
Masterclass, my friend.
35:51
Thank you, brother and son.
35:54
Thank you for listening to this episode.
35:56
I need for you to do me a favor.
35:58
Right now, you'll follow or subscribe
36:00
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36:03
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36:10
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36:12
Follow or subscribe, Monday Making Conversations.
36:16
Hey, it was good, y'all.
36:17
You're listening and learning the hard way
36:19
with your favorite therapists and host care games.
36:22
This space is about black men's experiences,
36:25
having honest conversations that it's
36:27
really not safe to have anywhere,
36:28
but you're having them with a licensed professional
36:30
who knows what he's doing.
36:31
How many men carry a suit of armor?
36:34
It signals to the world that you
36:35
need to be played with.
36:36
And just because you have the capability
36:39
that does not mean that you need to.
36:41
Listen to learn the hard way on the iHeartRadio app, Apple
36:44
Podcast, or wherever you get your podcasts.
36:48
In 2023, bachelor star Clayton Eckerd
36:50
was accused of fathering twins.
36:52
But the pregnancy appeared to be a hoax.
36:55
You doctor this particular test twice, Miss Ellen, correct?
36:58
I doctor the test once.
37:00
It took an army of internet detectives
37:02
to uncover a disturbing pattern.
37:05
Two more men who'd been through the same thing.
37:07
Regal, let's be honest, Michael Manchini.
37:11
I'm Stephanie Young.
37:14
Laura Scott's the police.
37:15
As the season continues, Laura Owens finally
37:18
faces consequences.
37:20
Listen to Love Trap podcast on the iHeartRadio app, Apple
37:23
Podcasts, or wherever you get your podcasts.
37:27
When a group of women discover they've all
37:29
dated the same prolific con artist.
37:32
They take matters into their own hands.
37:35
I vowed I will be his last target.
37:38
He is not going to get away with this.
37:40
He's going to get ready to serve.
37:42
We always say that.
37:44
Trust your girlfriends.
37:46
Listen to the girlfriends.
37:49
On the iHeartRadio app, Apple Podcasts, or wherever
37:52
you get your podcasts.
37:53
I'm talking to you, I'm talking to you.
37:59
If you're watching the latest season of the Real House
38:01
of Atlanta, you already know there's a lot to break down.
38:05
We're so accusing Kelly of sleeping with a merry man.
38:08
They holding came a shale back from fighting droop.
38:11
Pinky has financial issues.
38:13
On the podcast, reality with the king,
38:16
I, Carlos King, recap the biggest moments
38:18
from your favorite reality shows,
38:20
including the Real House-wise franchise,
38:23
the drama, the alliances, and the tea.
38:25
Everybody's talking about.
38:27
To hear this and more, listen to reality with the king
38:30
on the iHeartRadio app, Apple Podcasts,
38:33
or wherever you get your podcasts.