Create Your Life Series

CYLS 109: Gentrification Solutions and Personal Finance Strategies with Jerrod Delaine

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Episode Summary

Jerrod talks about the process and hidden expenses of home buying in New York City, managing your finances and tips to get and keep your credit up. He shares his strategies to work-life balance and some amazing quotes to live by.

 

Kevin Y. Brown

Kevin Y. Brown is a National Association of State Boards of Accountancy (NASBA) Center For Public Trust (CPT) “Being A Difference” award recipient, international speaker, entrepreneur, and author.  The former MTV Networks host and NYC fashion marketer has created an international following as a speaker on personal excellence, effective communication, and leadership. Kevin has been featured by Black Enterprise magazine as a “Modern Man of Distinction” and highlighted in various publications for his self-help speaking work and helping students graduate college debt-free.  Recognized for his commitment to empowering foster care youth and as a foster care system alumnus, he has also delivered the keynote address at the International Foster Care Organizations Conference in Sydney, Australia and Osaka, Japan.  Kevin is currently the creator/host of Sirius XM’s “Create Your Life” series, a fellow in the New York Chapter of the Startup Leadership Program, and an active member of Kappa Alpha Psi Fraternity, Inc. 

 

Jerrod Delaine

Jerrod Delaine has worked in real estate private equity, consulting, not-for-profit advising and project managing. His efforts have included asset management, acquisitions, construction and development due diligence. He is currently the Director of Development for Carthage Real Estate Advisors LLC.  Carthage is a Harlem based development firm focused on affordable and market rate residential development.

 

Insights From the Episode

  • Insights into what gentrification is
  • Addressing limited housing resources
  • Getting involved in the real estate game
  • Understanding emotions vs. the reality of real estate
  • The importance if building bonds, networking and forming strong relationships in graduate school
  • The importance of building your credit and saving to purchase a home in New York
  • The secrets to keeping your revolving credit lines down
  • PMI: what it is and how it works
  • The hidden fees a home shopper can run into
  • Building wealth off of credit
  • Programs for first time home buyers
  • Strategies for home buying
  • Balancing family and work life
  • Self-care rituals

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    Quotes From the Show

    • “We have to work at how to preserve our resources..one of the primary ways is ownership” - Jerrod Delaine, Create Your Life Series, #109
    • “Real estate is an emotional thing...the place where your home is” - Jerrod Delaine, Create Your Life Series, #109
    • “The world is changing around us literally” - Jerrod Delaine, Create Your Life Series, #109
    • “America is built on ownership, all of the laws, rules taxes it all benefits those who own this place” - Jerrod Delaine, Create Your Life Series, #109
    • “What is great about this business is you can make a couple good decisions and see exponential benefits” - Jerrod Delaine, Create Your Life Series, #109
    • “Real estate is about forming relationships...but that is in a lot of other industries too” - Jerrod Delaine, Create Your Life Series, #109
    • “You need to have that money saved up and ready for this journey you are running down” - Jerrod Delaine, Create Your Life Series, #109
    • “Even some of the biggest companies in the world, in real estate, use leverage” - Jerrod Delaine, Create Your Life Series, #109
    • “We can do more together, than we can as individuals” - Jerrod Delaine, Create Your Life Series, #109
    • “Failure is not an option, be desperately dedicated” - Jerrod Delaine, Create Your Life Series, #109
    • “The other part of gentrification in our neighborhood is we don’t own a lot of businesses in our community and support those businesses” - Jerrod Delaine, Create Your Life Series, #109

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      Resources Mentioned

      • I-Phone
      • Evernote
      • Real Estate Development: The Process by Jerrod Delaine
      • Real Estate Development-Gentrification by Jerrod Delaine
      • Real Estate Development: What is it? by Jerrod Delaine

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        Favorite Quote

        • “Desperately dedicated” - Jerrod Delaine
        • “Cherish this moment, the next one is always better” - Jerrod Delaine

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          Favorite Book

          • I Will Teach You How To Be Rich by Ramit Sethi
          • Total Money Makeover by Dave Ramsey
          • Richest Man In Babylon by George S. Clason

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            Keys to Create Your Best Life

            • Figure out your goals. What will make you happy and are you working toward it?
            • Figure out how you can build for your family.
            • Give back.

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              Kevin Y Brown

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              www.facebook.com/kevbrown001

               

              Jerrod Delaine  

              http://www.jerroddelaine.com/

              https://www.facebook.com/jerrod.delaine

              https://www.linkedin.com/in/jerrod-delaine-b0718112/

              https://www.instagram.com/gjd244

               

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              This episode was produced and managed by Podcast Laundry (www.podcastlaundry.com)

               

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              Create Your Life SeriesBy Kevin Y. Brown
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