I, Jerry, am here to follow up on Shena’s intro in episode 1 by giving my own background and what led me here. Growing up in a blue collar family with my dad as a mailman and my mom as a school custodian, I personally saw the struggles and triumphs that come with being a hardworking family. While we always had enough money, we certainly weren’t swimming in it, and there were financial hurdles that we just couldn’t clear.

Listen in to hear how my personal turning point came when I discovered the secrets to building sustainable wealth, the kind of wealth that allows you to not only achieve financial freedom but also to save for retirement! I share my journey from learning about how to build wealth, to becoming a mortgage loan officer, to experiencing the 2008 financial crash. I also discuss why it’s so important to understand passive income and the idea of the cashflow quadrant, inspired by the book Rich Dad Poor Dad.

Remember, Shena and I are just getting started, so if you’re ready to break free from merely getting by and to start building lasting wealth, this podcast is for you! We are here to share practical tips, personal stories, and expert insights to help you transform your business success into a legacy you can pass on!

In This Episode:

[1:22] - I grew up in a blue-collar family and realized that others created wealth to avoid financial worries.

[2:08] - Inspired by the book Rich Dad Poor Dad, I teach blue-collar families wealth-building secrets.

[3:09] - Hear how I shifted from traditional retirement savings to wealth-building after learning new financial concepts.

[3:40] - I emphasize the challenge of retirement planning without pensions, and I advocate for financial freedom through passive income.

[4:37] - Hear about my parents’ financial struggles and the impact of the 2008 crash on retirement savings.

[5:41] - After a successful career as a mortgage loan officer, I had to start over financially due to unforeseen circumstances.

[6:27] - I faced financial setbacks, struggling to rebuild after wiping out savings and accumulating debt.

[7:28] - I aim to empower blue-collar workers through this podcast, teaching wealth-building strategies often overlooked in traditional education.

Book Mentioned:

Robert T. Kiyosaki - Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

Please be sure to subscribe to the show so that you never miss a new episode and to also check out our website!

Welcome, everyone to the Blue Collar Wealth Club podcast! We are so excited to be bringing this show to you! Hosted by Shena and Jerry, Blue Collar Wealth Club is your go-to resource for transforming your blue-collar income into generational wealth. Whether you're a contractor, a plumber, or any other trade professional, we're here to help you ensure that your hard work pays off - not just in a paycheck but in a prosperous future!

We are kicking things off with me, Shena, as I dive into my personal story that kickstarted my passion for financial literacy. I was cruising to an appointment and listening to a radio show I usually never tuned into when suddenly, the host mentioned my accountant’s name, labeling him as “bad news.” Over the following weeks, I discovered that he had embezzled our tax payments. The IRS, unfazed by our plight, still demanded their dues.

It was a financial nightmare that became a turning point for me because it made me realize the importance of understanding the financial aspects of my business. Immersing myself in finance, I turned my company from a meager 4% profit margin to a solid 24% within a year, ultimately leading me to a full-time role as a fractional CFO!

This opening episode sets the stage for what’s to come on our podcast - actionable insights into how to boost your income, manage costs, and maximize profits. Jerry and I will be sharing strategies to transform your financial outlook, and we can't wait to share more tips and stories to help you work less, earn more, and create lasting wealth!

In This Episode:

[0:41] - Welcome to the Blue Collar Wealth Club podcast, everyone!

[1:05] - After a decade in the trades, I heard on the radio that my accountant was in trouble.

[2:00] - Hear how I eventually learned that our accountant had been embezzling money.

[2:59] - Trust but verify!

[3:42] - I explain how I became a full-time fractional CFO specializing in contractor finance.

[4:29] - My favorite clients have expanded their businesses significantly by implementing financial oversight.

[5:03] - This podcast will discuss increasing income by balancing sales, cost of goods, and margins for higher profits.

[5:38] - I will discuss the seven levers of cash that impact cash flow and profitability and how to use profits to create generational wealth on this podcast!

Please be sure to subscribe to the show so that you never miss a new episode and to also check out our website!