Today Delania Barbee, Esq graces the podcast on the final episode of the #BlackWealthMonthSeries. I’m so happy to close the series out with giving you actionable advice on how to protect your legacy. 

Delania Barbee is the owner and founder of Barbee Law Boutique, PLLC dedicated to helping protect and build businesses and legacies. 

What we covered:

1. How a traumatic experience of losing her partner to gun violence helped her see her calling to educate other about the law
2. Delania’s first job out of college advocating for her clients and how it prepped her to be the attorney she is today
3. Where to get started in protecting both your life and business
4. What is an estate plan and why it’s a living and breathing thing you must continue to update
5. Her ultimate meaning of Black Wealth

Resources mentioned:

1. The Barbee Law Boutique - website to help you get started in protecting your business and legacy
2. Hiscox - business insurance to help you gain coverage such as general liability insurance and errors and omissions

Catch up with Delania Here:

Instagram: @barbeelaw

Facebook: @barbeelawonline

Today on the Major Margins Podcast marks the penultimate episode of our #BlackWealthMonth Series and I had the pleasure of interviewing yet another special guest, Kendra Barnes.

Full-time Real Estate Investor and Founder of The Key Resource, Kendra shares with us why investing in Real Estate is the ultimate key to building wealth and the vast resources available for you to get started.

Kendra says, “You don’t have to be rich first, you become rich by investing in Real Estate. There’s a misconception that you have to be established before getting into it, but that’s completely not the case”.

The topics we cover:

1. How a board-game influenced her pursuit of real estate investing

2. Who she had to become in order to successfully retire at age 32 

3. Why you don’t need to be wealthy first before getting started

4. The different forms of real estate investing to suit you

5. The rise of Gentrification and educating POC on investing in their communities

Keep up with Kendra Barnes here:

Instagram: @thekeyresource

Twitter: @The_KeyResource

The Key Resource - like the website indicates, there’s so many resources so you know exactly where to start with real estate investing!

The Charm City Buyers - The couple mentioned in the episode buying back the blocks of Baltimore

As you may already know, it’s #BlackWealthMonth on the Major Margins Podcast and I’m back with another insightful interview focusing on building, growing and protecting Black Wealth! 

In this episode, I’ll be interviewing George Acheampong, passionate thought leader, top Financial Advisor and Founder of Capitalwize, Melanin Money & Makes Cent 2 Me.

George shares with us his advice on how to get started with financial investing, the greater benefits of temporarily downsizing your lifestyle and his ambition to help close the racial wealth gap by 10%.

The topics we cover:

1. Growing up & adopting a strong work ethic

2. Purpose over Paycheck: Serving people who look like him

3. Ways to make your money start working for you

4. Staying “broke” to build wealth

5. The choice of different investment accounts

We also discuss the benefits of normalizing Black Wealth, as George says “ If we can normalize Black Wealth, then we can put our people in the position to be free”.

Keep up with George here:

Instagram: @GeorgeAcheampongJr

https://capitalwize.co/

https://melaninmoney.com/

https://makescents2me.com/

We have an exciting new series for this month of February on the Major Margins Podcast and it’s all about Black Wealth! In this episode, I had the pleasure of interviewing the wonderful Jamal & Natasha Miller - Founders of Miller Global Enterprises, a black-owned parent-company to Married & Young, The One University and Profit in Purpose Academy. 

Jamal & Natasha share with us their personal journeys to not only creating a beautiful marriage, but an unstoppable business partnership that continues to inspire and reach hundreds of thousands of people daily.

The topics we cover:

1. Becoming the best version of themselves with God

2. Monetising social influence

3. Decreasing the divorce rate in America

4. Creating a purposeful work environment

5. Owning a 7-figure business & the responsibility it brings

We also delve deep into the meaning of Black Wealth and the importance is has in creating a positive change and legacy for our next generation. 

Keep up with Jamal & Natasha here:

@jamalmiller

@natashaannmiller

https://marriedandyoung.com/

https://theoneuniversity.com/

In this episode, we continue the behind-the-scenes journey of how I master my cash flow. This week, we go over my process for the last part of my Financial Friday, personal finances.

I go in depth about how I manage my money with the 50/20/30 budgeting system. You can read about it on the blog!

What I cover:

1. The 50/20/30 Budgeting system - you can also ready about it here.
2. The software I use for my personal finances
3. Other personal finance software
4. My weekly process

Resources:

1. The 50/20/30 Budgeting Blog Post
2. The Major Margins Bundle
3. YNAB

Today on the podcast, I share behind the scenes on how I run my Financial Friday’s. Yes, you read right! I’m giving you the step-by-step process in how I manage my own numbers.

2019 was the year where I promised myself that I’d treat my own finances like I do my clients. Doing this, caused me to grow my own numbers in ways they’ve never been before.

In this episode I share:

1. A brief history of how I managed my money in my 20s
2. How I utilize Profit First in my business
3. The software I use to track my business finances
4. My weekly workflow to manage my business finances

Resources:

1. The Classy Cash Flow Kit
2. Profit First Book
3. The Major Margins Bundle
4. Quickbooks and Xero - my accounting software of choice for clients and myself

Today on I talk all about how profit is vastly different than cash flow! You ever looked at your profits and thought it was a healthy month then looked at your bank balance and wondered where in the world did the money go?!

I’m sharing all about why that’s the case. If you’re trying to better understand how cash flows in and out of your business, this episode is for you.

Here’s what I cover: 

Why profit is not the same as cash flow cashflow

1. Beginning bank balance
2. Incoming cash - revenue, owner’s investments, loan
3. Outgoing cash - expenses, owner’s draw, paying off credit card/loan, purchase of asset
4. Ending cash balance

How to review the statement of cash flow

1. Operating activities 
2. Investing activities 
3. Financial activities 

They tell us different things that can happen outside the P&L

Resources to help you get the full picture

1. The Classy Cash Flow Kit
2. The Major Margins Bundle

Email: [email protected] | Instagram: instagram.com/lovelyfinancials | Facebook: facebook.com/lovelyfinancials

Today on the podcast, I continue the journey about profits and dig into understanding profit margins! In the previous episode, I shared how revenue was NOT the same as profits. Profit Margins are an easier way to be more transparent about your business instead of sharing the raw numbers. 

Here’s what we cover:  

1. The full Income Statement
2. Gross Profit Margins
3. My typical ideal for gross profit margins
4. Operating Profit Margins
5. Expense to Revenue Ratios

We also get a dip into the different profit margins depending on industries and why you need to STOP comparing yourself in business.. 

Need help grasping the concepts?!

Resources: 

• The Classy Cash Flow Kit
• The Major Margins Bundle

Today on the podcast, we're getting back to basics. Let's talk all about the key differences between revenue and profit. These terms are used interchangeably in the world of online business and I want to give you a bite-sized episode all about it today.

No judgement if you found yourself using these terms interchangeably. I'm here to help guide you to better understand your numbers.

In this episode, I talk all about my story before I started my business Lovely Financials Group and the beginning steps of my entrepreneurial journey.

I know you can relate that all the positions you've held in your life is transferable to how you serve your audience.

My story is no different!