Welcome back to another great episode of the Dear BLK CEO Podcast.

 

Discipline is a mindset that transcends sports, and today you’re going to learn how to adopt the kind of mindset that will lead you to the wealth creation you’re dreaming of. LaVonne Idlette, Managing Member of 1st Class Group, LLC, is an Olympic Athlete who is also an Experienced Executive and Brand Development Consultant & Advisor with a history of building multimillion dollar alternative asset portfolios, and real estate holdings all while vetting and educating the clients for future success. LaVonne is focused on legacy creation, tax mitigation and risk minimization. She has worked with numerous NFL, NBA, Olympic athletes as well as ultra high net worth individuals to reach their lifelong goals.

 

If you want to learn how to have the same kind of discipline that leads Olympians to victory in business, then jump into this energetic conversation with me and Lavonne. 

Creating Wealth Through Olympian Level Discipline:

[00:01 – 05:18] Opening Segment

• I welcome the LaVonne Idlette to the show
• • Bio
• LaVonne shares the discovery of her gifts
• • No such thing as a stranger 
  • Natural problem solver 
  • How her gifts inform her success in business 
  • Who not how

[05:19 – 18:26] Having Olympian Level Discipline 

• Confidence: the Antidote to Fear
• • The story behind the snake
• LaVonne shares her journey to the Olympics
• • Analogy of the prom and the piggy bank
  • The training process 
  • Race = who’s the fastest, Olympics = who’s the fittest
• When discipline kicks in
• • Pushing through the low days
  • Surrounded by the right people 
• Combating inequality in sports and business 
• • Shining a light 
  • Thoughts on corporate responsibility
• Navigating the transition away from athletics
• • Educating herself while in sports
  • Always hungry to learn

[18:27  – 24:19] Practical and Proactive Wealth Creation 

• LaVonne on Legacy Wealth Creation 
• • 1 - Transferring capital between generations
  • 2 - Transferring knowledge
  • 3 - Leaving a legacy and impact
• How to buy stable income with your wealth 
• • Active vs. passive income 
  • The benefits of real estate investing
  • Raising the next generation on smart money 

 

• Book your free consultation at: The Kas Company

 

[24:20 – 36:46] Managing Multiple Businesses and Income Streams

• LaVonne talks about her business streams 
• • Breakdown of LaVonne’s business structure 
  • Creating solutions through real estate 
• How to structure your portfolio from the first step
• • ‘Make more money’
  • Customer development
  • Just get it out there
• LaVonne shares on her networking and education piece 
• • Million$Network: Effective Networking
  • • Links below
• How to reach out to LaVonne
• • Links below 
• Nomination for a future guest - Joshua Mathis 

  [36:47  – 39:08] Random Round

• Favorite hype song to get flowing
• • Jeezy
• What's one negative stereotype associated with Black Culture that needs to be done away with?
• • Poverty - we are flourishing just fine
• What’s your favorite loophole or wealth creation strategy? 
• • Accelerated Depreciation 
• Final words 

      

Tweetable Quotes:

“It’s all about our decision making to hold people to the standards we want.” - LaVonne Idlette

“Every other day you’re going to feel terrible, tired, sore, other stuff in your life is happening - THAT’S when the discipline kicks in.” - LaVonne Idlette

“Discipline transcends sports, it’s a mindset. I just do whatever’s required.” - LaVonne Idlette

Resources Mentioned:  

• Confidence: The Antidote to Fear
• Lean Customer Development
• Effective Networking Master Class

Reach out to LaVonne on Instagram, LinkedIn, and Twitter. Also, check out https://lavonne.carrd.co/ for even more ways to connect and learn.

LEAVE A RATING AND REVIEW on Itunes and subscribe to get first access to every inspirational story shared on the show and share with friends and family.

 

Let’s connect! Find me on LinkedIn, Instagram, or check out my website http://karlsona.com/. And The Kas Company to find out more about my coaching program.

 

You don’t have to be anyone other than who you are to be a world-class CEO!