Due to the price of Dogecoin and Bitcoin fluctuating based on Elon Musk's tweets, there have been individuals who made their financial decisions based on Elon Musk's tweets, which is bad.  After Elon said Telsa would not accept Bitcoin, the value of Bitcoin dropped dramatically.  I have seen individual posts/memes about how they invested their life savings in Bitcoin due to Elon Musk's influence.

This prompted me to share this message about bad advice that sounds good.  We all want to be rich, but we try to find the fastest and easiest path. The same individuals believe crypto will be their golden ticket because of Elon Musk, but we forget how he made his fortune and what his first investment was.  Check out this post to learn what that is.

Connected with a long-time friend that is in the Private Equity space that finances acquisitions.  He wants to do his part in helping close the wealth gap in the black community by helping black and brown people buy larger businesses by helping us finance them!

Doing joint ventures - We don’t have to know everything just partner with someone that does.

In this episode, Tracy Prigmore, Owner of TLT Solutions, a hotel acquisition company, and Founder of She Has a Deal, a program that aims to create more female hotel owners.  We discussed her journey, her failures, how she purchased her first hotel, and how she is paving the way for other women to own hotels.  

TLT Solutions - https://www.tltsolutions.net/ 

She Has a Deal - https://www.shehasadeal.com/ 

If you are interested in being part of a growing community of black and brown individuals who are focused on building wealth through investments and acquisitions in businesses, join our Facebook Group Black Acquisition Entrepreneurs - blackacquisitionentrepreneurs.com  

If you are not always able to access Youtube, you can catch these great conversations via our podcast - https://anchor.fm/earnedinterest 

Also, if you're interested in learning how to buy a small business, go to: https://gum.co/buybiz101

Guest speaker: Jessica Vicent discusses her experience acquiring a laundromat business in Philadelphia, Pennsylvania to help build generational wealth for her family.

She speaks on topics such as obtaining financing, using her retirement as an investment strategy, and a lot more. Comment below!

The Laundry Lounge located at 6550 Lebanon Ave. Philadelphia, PA 19151

Learn more about buying businesses as a person of color by joining our Facebook Black Acquisition Entrepreneurs - https://www.facebook.com/groups/2064379523645236

Subscribe to this YouTube Channel and podcast Earned Interest (https://anchor.fm/earnedinterest) this podcast delivers the playbook for wealth creation through investments and acquisitions

Pedro discusses the importance of building relationships with capital sources early on vs waiting.

Learn why it is important for Black entrepreneurs and business owners need to be replaceable in their business as a way to build wealth.

Learn more about buying businesses as a person of color by joining our Facebook Black Acquisition Entrepreneurs - https://www.facebook.com/groups/2064379523645236

If you wanted to listen to the podcast visit - http://earnedinterest.com/

The Cashflow Quadrant concept created by Robert Kiyosaki of Rich Dad Poor Dad is a concept to help teach us about building wealth and earning passive income.  To help explain the concept better - we used famous characters from popular black sitcom TV shows.

Stacey Roberts talks about her experience of buying her first gas station in Philadelphia, PA, and how they leverage their home to pay for the gas station versus all their cash.

Learn more about buying businesses as a person of color by joining our Facebook Black Acquisition Entrepreneurs - https://www.facebook.com/groups/2064379523645236

If you wanted to listen to the podcast visit - http://earnedinterest.com/

To watch the video clip of the interview visit my YouTube Channel - https://www.youtube.com/channel/UCKCAb2Hvv6xgTv5hSTgYzBA?view_as=subscriber