100 Wealth Building Secrets

A discussion about creating generational wealth

This is a bonus podcast to compliment podcast number 26 and 27.

It is a panel discussion taped for Toia Michelle YouTube Channel, titled Creating Generational Wealth.

 

Episode number 27: Die old and leave a big pair of shoes under the bed!

Understanding the powerful impact of establishing multi-generational wealth with the use of life insurance.

leaving a legacy for your family is not only the right thing to do; but it can be one of the most effective strategy we can put in place to change to change the experience of Black families here in America.

 

Podcast number 26: Embrace the power of cooperative economics; you don’t have to do it alone.

 

There is power in the crowd; but only if that crowd is moving toward the same goal! When considering the concept of cooperative economics; a concept I call “The Hive”

You must be sure of the integrity of your group; wether it be family, business associates or friends. It is great for the members to have different views, skill sets and backgrounds. They just need to be on one accord as to the groups objective.

 

The strength of the cooperative is not just the money each person brings to the group; but also, the knowledge and energy! You don’t know everything; so don’t pretend. No one can make it alone!

 

I’m not talking about multi-level marketing schemes like friends and family here! No, I’m talking about family cooperative trusts that are designed to survive over multiple generations. I’m talking about private family banks that stand ready to bridge the gaps left by Comercial banks, and their unwillingness to provide assistance.

 

Cooperative economics can also work like an investment club, where the group of family members or cooperative pools their funds to build an investment portfolio of stocks, bonds, mutual funds, annuities, life insurance, ETF’s and Comercial real estate to build and transfer multi-family; multi-generational wealth. Of all these assets, the most impactful is life insurance!

Podcast number 25: What do you want for yourself

This podcast is about Vision!

Everything starts with a vision; the vision that you have for the life you want to live. What do you want for yourself; what is your WDYWFY?!

Being clear and focused on what you want for yourself will help you avoid getting distracted by fools gold. When you have your own vision, you will not being taken in by the visions of those who want nothing but to separate you from your hard earned money and possessions!

Podcast number 24: Think about and clarify what wealth means to You

During this episode we pulled audio from our video series "Conversations with a Millionaire". During this series we spoke to several millionaires about what wealth means to them.

The first segment takes place in Sitka, Alaska during an annual fishing trip with a group of clients and friends. during this portion I spoke with two brothers and two father's and their son's.

The second segment takes place in my office where I speak with several clients about their views on wealth.

I hope you are able to take away some information and encouragement from these discussions. 

Stop doing stupid stuff that keeps you from building wealth

During this zoom recorded podcast I speak with some ladies at a Emporers Cut Cigars happy hour about things they have given up to build wealth.

please excuse the quality of this podcast; it’s just one of those sacrifices we have to make during this time of social distancing.

episode number 22: Clear the clutter! Get organized!

The objective of this podcast is to convince you that if you clear the clutter and get organized you will have a more productive and stress free life. And all problems can be solved by production!

My guest on this weeks podcast is Crystal Shockley, owner of "She Organizes Houston". Crystal goes into a lot of detail with her tips on the When, What, Where and How of clutter clearing and organization.

Podcast number 21: What to do with your money during the coronavirus

This are trying times for us all. There is a lot of uncertainty regarding our health, employment and our money.

Podcast number 21 addresses some concepts and actions you can take now and going forward to minimize your financial stress; as well as take advantage of what I hope will be a temporary event.

If you have questions or need additional information you can reach reach out to me through my website: www.marshallyourmoney.com

And remember practice good and deliberate hygiene, don’t cough into your hands, wash your hands constantly and keep practicing social distancing.

Podcast Number 20: Start over everyday if necessary

In this podcast I address the fact that things sometimes do workout, they go wrong and you fall short. Don’t give up; just step back, reassess and re engage. Just don’t give up, give in or quite! 

During this podcast we speak with Dana Seay, a University of Louisville instructor with a background in financial planning and real life experiences in the art of starting over.

Remember that every problem has a solution; the secret is to focus on the solution and not the problem.

Dont quite; start over!

episode number 19: Avoid analysis paralysis

During this podcast we discuss one of the main reasons people loose money or miss opportunities in the stock market. Failure to take action because of fear, uncertainty or information overload will hinder your wealth building efforts.

I talk with another financial advisor and good friend from Miami for his thoughts on the subject.