100 Wealth Building Secrets

In this podcast we talk about spending on needs for the first 3 months of the year, not your wants. Redirect all extra funds toward savings or debt reduction. This is called zero-balance budgeting.

Approaching the beginning of the year in this way puts in a discipline mindset, and will properly prepare you for your wealth building journey.

Percentages are present in all aspects of your financial life. It is extremely important that you know what percent of your money is where and why. 

These percentages such as, percent of cash, stocks, bonds, real estate, etc should be in line with your goals and risk tolerance.

Today we talk about the concept of investing in single family and multi-family real estate and using the monthly cashflow to pay life insurance premiums for an index universal life policy.

This strategy can provide you with tax-free cash as well as tax-free income if you commit to the time it takes to accumulate value. this is sometimes called a private bank and a private pension.

We also talk with real estate investor and former NFL player Todd Scott. Todd is the owner of Great Scott Enterprises; and he gives us a masters class on how to invest in single family and multi-family units.

In this episode we discuss the importance of having a functional investment plan or strategy in place. But all the planning in the world means nothing unless you are consistently working your plan with discipline and conviction! 

You have got to know what investments work for You; not what other people say is for you, or what they are investing in. Know what average annual return You need to reach Your goals, and what amount of risk that You are comfortable taking.

Stay in our wealth building lane. What he has and what she got has nothing to do with your journey. Use it as motivation; but not as a gauge.

During this weeks podcast we talk with Jornae Rideaux a young entrepreneur trying to grow her business and build wealth. Jornae owns Produce Milk (www.producemilk.com) She talks about the pitfalls of paying too much attention to social media feeds of people Living Their Best Life! Not getting caught up in what they have, and focusing on what she has and what she is trying to accomplish financially; has been very beneficial in her wealth building journey.

It is important that you have your money in the correct savings and investment vehicles when you are trying to build wealth. You would not keep your meat in the pantry! Don't keep your long-term investments in cash, or your emergency cash in stocks! 

During this podcast we talk about the three-bucket approach to managing money.

In this episode we discuss the importance of overall good health and weight management. There seems to be a direct correlation between weight loss and improved finances.

We talk with Iisha Taylor, a certified Trainer and owner of Taylor'd Training in Louisville, KY. 

She shares with us some great ideals regarding fitness management!

Iisha can be reached at taylordtrainingcoaching.com

Health is Wealth! And during this podcast we talk with Dr. Gary Sheppard about steps you should take to practice good healthcare maintenance. The key point that Dr. Sheppard addresses is the importance of annual checkups with your primary physician. Just like it is very important that you have annual reviews with your financial advisor. For more information about Dr. Sheppard go to www.memorialhermann.org

In this episode we visit again with Pastor Tia Norman. We last spoke with Tia back in episode 5 "Love people more than you love money".

During this episode we are discussing the concept of control, and how the only real control one as is on how they deal with victories, failures and stuff in general.