Minority Money

Failing to plan is planning to fail. There’s no better time to plan your finances than now that you’re learning about it! 

When you’ve created a financial plan, it’ll be easier for you to make decisions financially and of course meet whatever goals you have. 

Though some people decide to do it on their own, you may want to seek out the help of a financial professional to help you stay on track, secure your financial wellbeing, and reach financial planning success!

In this episode, I’m going to deep dive into what financial planning is, why it’s personal, and why it’s very important. I’m also going to touch on the differences between financial planning and investments, and why I made the transition from commission-based, to fee-based, and finally a fee-only financial advisor!

Highlights:

>> What is financial planning?

>> The 7 Steps of Financial Planning

>> The personal side of financial planning

>> Investments and financial planning are 2 different things, here’s why!

>> The reason why I made the shift to fee-only advisors

>> The difference between, commission-based, fee-based, and fee-only financial advisors

If you loved this episode, you have to listen to these episodes as well:

>> The Importance of Financial LIFE Planning

>> No Need to Worry, My Accountant Handles That

>> Financial Planning for Families of Color with Ajamu Loving Ph.D., CFP®

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I’m sure you’re getting tons of value from the podcast! Don’t forget to subscribe on Apple Podcasts, Spotify, Google Podcasts, or on your favorite podcast app and SHARE THIS with a friend.

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Let's Continue the Conversation! Head on over to the Facebook Group and let’s discuss how we can change the complexion of wealth (https://www.facebook.com/groups/423846561552747/) 

Want to chat with a fee-only financial planner? Shoot me an email at [email protected] Can't wait to meet you.

Everyone has to make decisions every single day on how to handle and where to spend their money. 

Too often, many people struggle financially not because they don't bring enough money in, but simply because they're not spending their money wisely and lack the basic understanding of how money works.

But when you're financially savvy and "disciplined", you'd be surprised at how easily you'd be able to reach your financial goals!

Start spending your hard-earned money wisely today as Former NFL player, Ryan Harris, talks about financial literacy, mindset, football, and building wealth!

You may know him as the Super Bowl Champion from the Denver Broncos, but Ryan Harris is more than that. He is a public speaker and the author of Mindset for Mastery: An NFL Champion’s Guide to Reaching Your Greatness, where he offers insights, inspiration, and practical tools to help you overcome your uncertainties and accomplish your goals!

In this episode, Ryan shares his NFL journey, why many NFL players go bankrupt after retirement, proper money management, and how he became financially literate. Ryan also highlights the importance of having the right mindset when it comes to spending and saving to achieve financial stability.

If you’ve been having a hard time managing your money and your spending habits, then this episode will inspire and motivate you to make it right!

Highlights:

>> Ryan talks about his mindset beliefs

>> How Ryan overcame 9 surgeries

>> Rebuilding your courage as much as you rebuild your body

>> Why financial literacy is extremely important especially for minorities

>> Why a lot of NFL players go bankrupt

>> Understanding how your cash flows work

>> How being financially literate gave Ryan more opportunity 

>> Delayed gratification: Why you should delay your purchases 3 months to 3 years

>> It’s okay to when you can’t afford it

>> Leading by Example vs. Leading with Example

>> Ryan’s NFL and football playing experience

>> Empowering your children

>> The difference between price and cost

Resources:

>> RH: Ryan Harris

>> Five Things NFL Players Go Broke On

>> Mindset for Mastery: An NFL Champion’s Guide to Reaching Your Greatness by Ryan Harris

>> Monday Night Football - Radio Broadcasts (97.3 ESPN)

>> Notre Dame FB

Connect with Ryan:

>> Twitter @salaams_from_68

>> Instagram @ryanharris_68

>> Facebook

If you loved this episode, you have to listen to these episodes as well:

>>

Success means different things for different people. But one thing is for sure, people who achieve success, share the same feeling of pressure. 

How do you handle the pressure that comes with achieving your goals? How would you conduct yourself after you achieved the level of success of the people you admire?

Find out what success feels like and what to do next once you’ve scored the goal, as my good friend, Dasarte Yarnway joins me in this episode! Dasarte Yarnway is the host of the Young Money Podcast,  Founder of Berknell Financial Group, and author of 3 books!

He joined the podcast in episode 2 and We Need to Talk series episode 1. And today’s conversation is a treat! Dasarte and I will talk about what’s going on in the financial industry, thoughts on pressure and success, competition and collaboration, and the current coronavirus situation in the US.

You don’t want to miss this episode as we both share practical and timely advice that will equip you for success and become the best you!

Highlights:

>> COVID parties and others talks on the current COVID 19 situation in the US

>> How Dasarte continues to perform at his top game

>> What the feeling of success entails for Dasarte

>> The pressure that success carries

>> Taking the limitations off of yourself

>> What it means to design your ideal life

>> How would you conduct yourself after you’ve achieved a certain level of success

>> How to duplicate ourselves and give others the resources they need to fight their battles

>> Why collaboration is more important than competition

>> Becoming your best self every day and making it happen!

Resources:

>> Check out Dasarte’s books 👉 here!

>> Young Money Podcast with Dasarte Yarnway

>> Netflix’s Contagion

Connect with Dasarte:

>> Twitter @DasarteYarnway

>> Instagram @dasarteyarnway

>> LinkedIn

If you loved this episode, you have to listen to these episodes as well:

>> The Importance of Growing Your Personal Equity

>> We Need To Talk… about racism, empathy, George Floyd, and being black in America

>> Becoming Successful through Controlling What You Can

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Do you want to meet your financial goals or maybe you have a business that you’ve been wanting to launch but don’t know how and where to begin?

Get a step closer to meeting your financial goals today by listening to this episode with Angela Moore! She was a former guest from WNTT 2 where she shares her experiences along with other black female advisors.

Today, Angela joins us to talk about entrepreneurship, following your passion and creating an action plan and become financially savvy so that you can take charge of your life and finances!

Angela Moore is a Certified Financial Planner and the founder of Modern Money Advisor, LLC, a private financial planning, education and media company that provides personal and business financial education to people and media outlets through boot-camps, books, seminars and educational products all over the world.

If you want to follow your passion and grow your wealth, make sure you listen to this episode as Angela shares her knowledge and expertise!

Highlights:

>> How Modern Money started 

>> How Angela dealt with her past money failures

>> Why do people make a budget but won’t follow through it?

>> The Behavioral Finance Mindset

>> How Angela shiftern her mindset and made it her way of life

>> Incorporating financial responsibility into your day to day life

>> Steps you should take note of when you’re planning to start a business

>> How building multiple streams of income can help your business

>> The importance of knowing what you really want and where you want to be

>> What is a ‘serial entrepreneur’?

>> The best investment with the largest amount interest you can make

Resources:

>> Connect with Angela

LinkedIn

Twitter @ModernMoney305

Instagram @modernmoneyadvisor

Facebook

>> Modern Money Advisor

>> Modern Money Education

>> We Need To Talk 2

If you loved this episode, you have to listen to these episodes as well:

>> Financial Planning for Families of Color with Ajamu Loving Ph.D., CFP®

>> Equality and Representation in the Finance Industry

>> How to Win at Student Loan Debt

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I’m sure you’re getting tons of value from the podcast! Don’t forget to subscribe on Apple Podcasts,

Minority Money is turning 1! 

To celebrate this milestone, I’m joined by my lovely wife, Maricela!

It’s been a great 12 months for this podcast, and we’re excited to share with you some of the new things we’re planning for the next 12 months!

In today’s special anniversary episode, we’re bringing you a little recap of this podcast and how our year has been so far!

All episodes we’re amazing but we’ve picked some of the best episodes that we received the most feedback on! 

A huge thanks to each and every one of our guests! Thank you for joining and supporting in this journey of changing the complexion of wealth! 

Highlights:

>> Minority Money 12-months recap

>> Exciting announcements and plans for the podcast 

>> Our top episode picks for finance, fitness, education, and family

>> What to expect of Minority Money for the next 12 months

Resources:

>> How to be Financially Intentional with Naseema McElroy

>> Teach, Hustle, Inspire with Dr. Shaun Woody

>> Building Fitness Habits That Last with John Gaines, Jr.

>> Winning in Finance, Health, Marriage & Life with David Stewart

If you loved this episode, you have to listen to these episodes as well:

>> A Conversation on Gratitude, Life Aspirations, and Money with Dr. Preston D. Cherry

>> Getting out of Poverty & Creating Wealth with Dr. David Rhoiney

>> People of Color Disrupting the Financial Industry with Dana Wilson

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I’m sure you’re getting tons of value from the podcast! Don’t forget to subscribe on Apple Podcasts, Spotify, Google Podcasts, or on your favorite podcast app and SHARE THIS with a friend.

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Let's Continue the Conversation! Head on over to the Facebook Group and let’s discuss how we can change the complexion of wealth (

Life doesn’t always go the way we want them to. That’s why it won’t hurt to be prepared for what is uncertain.

In this episode, we’re talking about health, wealth, and your retirement plan! 

I’m joined by Phil Pearlman, the Chief Community Officer at StockTwits, a social media platform designed for sharing ideas between investors, traders, and entrepreneurs.

Retirement planning is something most people normally put off until it’s too late. If you want to spend a quality retired-life in the future, then health and retirement planning should be on your priority list!

In this conversation, Phil and I discuss why it’s important to take note of the health side of things when doing long-term monetary planning. We also talk about regrets, health, family, business, investments, and finding simplicity.

If you want to learn more about retirement planning and health, then listening to this episode is a good start!

Highlights:

>> Why health is not much talked about when talking about monetary long term planning

>> Why health needs to be considered when talking about retirement plan

>> Implementing the health portion of retirement planning

>> Why your health and food choices matter

>> The Socratic method

>> Hedge fund and the cognitive theory of noise

>> How to find simplicity

>> Why you should give yourself a break

>> Important takeaways from Phil

Resources:

>> Dr. Preston’s Social Media

• Twitter @ppearlman
• Stocktwits @ppearlman

>> Prime Cuts Newsletter - Phil’s blog

If you loved this episode, you have to listen to these episodes as well:

>> The Importance of Financial LIFE Planning

>> The Importance of Growing Your Personal Equity

>> Education, Financial Stability, Health and Your Well-Being

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I’m sure you’re getting tons of value from the podcast! Don’t forget to subscribe on Apple Podcasts, Spotify, Google Podcasts, or on your favorite podcast app and SHARE THIS with a friend.

**********

Let's Continue the Conversation! Head on over to the Facebook Group and let’s discuss how we can change the complexion of wealth (https://www.facebook.com/groups/423846561552747/) 

Want to chat with a fee-only financial planner? Shoot me...

“Let your life lead your money, not your money lead your life” — Dr. Preston D. Cherry

How we use our money is a testament to who we are and what we really care about. To achieve your aspirations, you need to have a clear understanding of how to manage your money and resources in a way that improves your life.

To do that, our values, aspirations, and money need to be aligned. But how? How do you dream without any ceiling and still make it happen?

Get the answers to your questions as Dr. Preston Cherry joins us to talk about gratitude, life aspirations, and how to not let money lead your life!

Dr. Cherry is the Founder & President of Concurrent Financial Planning, LLC, a comprehensive financial planning firm serving households and business owners across generational lines. He also serves as a financial advisor’s coach for Carson Group Coaching, a leading national financial advisor coaching, and resource program. He has been published in the Wall Street Journal, ThePennyHoarder.com, The New York Magazine blog The Cut, and the Lubbock Avalanche-Journal.

In this episode, Dr. Cherry will share with us why and how he got his Ph.D. We talk about money resources and achieving your life aspirations and how gratitude plays an important part in all of it.

Be inspired and motivated to do your best as Dr. Cherry shares his accomplishments and how he did it so that you can too!

Highlights:

>> Why Dr. Cherry decided to get a Ph.D. in financial planning?

>> Imagery and representation

>> Aspirations and not limiting yourself

>> The connection between aspirations and money resources

>> Why you shouldn’t let money lead your life

>> Why gratitude matters so much and why you should be grateful always

>> What gratitude means for Dr. Cherry

>> The emotions of money

>> Being honest with yourself and taking personal inventory

Resources:

>> The Concurrent LIFE MONEY BALANCE Blog

>> If You Must Go Into Debt, Here’s What to Consider

>> Watch out for Dr. Cherry's upcoming book called "Statements" coming in the Fall 2020 or Spring 2021

Dr. Cherry’s Social Media

• LinkedIn
• Twitter @DrPrestonCherry
• Facebook
• Concurrent Financial Planning

If you loved this episode, you have to listen to these episodes as well:

>> The Ins and Outs of Cryptocurrency and Growing From Failure

>> What School Never Taught You Abou Money

>> Developing the Millionaire Mindset with Dr. Sarah Fallaw

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In every organization, company, or community, in order to thrive, achieve goals, and make change possible, understanding and collaboration, is needed.

To be honest, black people, especially males, are treated differently by law enforcement and society. We are feared for reasons we don’t understand. This fear of black people has been going on for a very long time and is completely getting out of hand.

It’s time that we put a stop to this history of violence and oppression. But how? Where should one start? How do we even make others aware of all of this when they’re not willing to take a look? How do we bring this issue to the table?

As a white brother or sister, how can you be a part of this change?

Join me in this episode, as we talk to people, whom I consider my allies in the financial industry — Sonya Dreizler, Justin Castelli, and Jason Wenk. They are all successful financial professionals who are empowering people to do their best with what they have, to live the life they deserve.

In this conversation, we talk about allyship, empathy, the importance of racial justice, and why we need to talk about racial issues now and the role of white people on behalf of the black community. 

They also share their honest thoughts on what they felt and where they stand on this current situation we’re facing.  We also talk about solutions and suggestions on how to take real action for people of color inside and outside the workplace.

If you really want to be a part of this movement of change and break the systemic racism in this country, start by listening to this episode. I encourage you to step up into action so that we can all move forward towards a brighter future where we are all collaboratively thriving.

Highlights:

>> Our allies thoughts on the recent events that unfolded recently in our country

>> Where do you fit in as an ally and how can you become a part of this change?

>> Why it matters that people need to listen to this issue we’re facing right now? Why should people take a second look?

>> Expanding your knowledge and awareness of what’s really happening

>> The importance of racial justice and the role of white people in all of these issues

>> The negative overrepresentation of media to the black community

>> Brief history of the racial inequality in the United States

>> Feeling empathy, regrets, and addressing mistakes

>> Micro and Macro Action: measures we can do to help propel change and how to start?

>> Listening, understanding then collaborating

>> Suggested solutions for a more inclusive and diverse workplace

Resources:

>> Sonya Dreizler’s Social Media

LinkedIn

Twitter @SonyaDreizler

Solutions with Sonya

>> Financial Services Has a Racism Problem

>> Justin Castelli 

LinkedIn

Twitter @just10castelli

Justin Castelli - website

RLS Wealth Management

>> Jason Wenk’s Social Media 

It is appalling that after all these years, racism is still rampant in our society. Some are blissfully blind that it still exists and those who are aware but don’t know what to do just choose to remain silent.

Can we even put a stop to something that’s been happening for the past 400 years? As hard as it may seem, there is always something that we can do!

In this episode, I am joined by 3 women CFPs — Angela Moore, Chloé Moore, and Lauryn Williams, who all worked hard to get to where they are and have successfully built their own financial firms despite the struggles they had to go through.

We talk about their experiences and perspective on what it’s like when you’re the only black or brown person in the room and a woman at that. They share also their thoughts on the #BLM movement, having a voice, allyship, and what it means to have a seat at the table.

If you want to support your black and brown brothers, sisters, friends, and people of color, then I encourage you to listen to this episode so that you have a general view of what it’s like to be in their shoes.

Highlights:

>> Thoughts on the events taking place in the US, particularly on racism

>> Helping other people be aware of what’s really happening around us 

>> Racism, sexism, and prejudiced experiences of people of colors in the workplace 

>> Silent racism encounters

>> Getting your intelligence questioned because of the color of your skin and how you look

>> What it feels like to be the only black person and a woman in the room?

>> How can we change the way black women and minorities, in general, are treated in the financial industry and in other fields

>> #BLM is more than a hashtag

Resources:

>> Angela Moore's Social Media

• LinkedIn
• Modern Money Advisor
• Instagram @modernmoneyadvisor

>> Chloé Moore's Social Media

• LinkedIn                                                
• Twitter @finstaples
• Facebook @finstaples
• Financial Staples

>> Lauryn William's Social Media

• LinkedIn
• Lauryn’s Personal Website
• Worth Winning

>> Revision for History: GCSE Modern World History by Ben Walsh and Wayne Birks

>> The New Jim Crow: Mass Incarceration in the Age of Colorblindness by Michelle...

Hey, we need to talk.

As protest continues over the unjust death of George Floyd and the continuous mistreatment and brutality of some police to black Americans... we need to talk. 

We need to take action. We need to do something. But what should be done? How and where should we start?

In this new podcast series, we’ll be tackling major current events with other experts and talk about solutions to address these issues. 

For this episode, I’m joined by three of my good friends, brothers in arms, and soldiers on the front lines — Dasarte Yarnway, Samuel Deane, and Tyrone Ross, Jr. who are financial advisors helping minorities create wealth and achieve financial freedom.

We’re going to talk about what it’s really like to be Black in a society where oppression towards black people still exists. We talk about empathy and what it means for us black people when you want to be our allies. 

Highlights:

>> Thoughts on George Floyd’s death

>> What can you do to support your black brothers and sisters

>> How can we help make things better?

>> Take action against racism

>> Financial education and economic empowerment

>> Activism and advocacies

>> The definition of an ally

>> The real deal about diversity

>> What it means to really have empathy

Resources:

>> Tyrone Ross's Social Media

• LinkedIn
• Twitter @tr401

>> Dasarte Yarnway's Social Media

• LinkedIn
• Instagram @dasarteyarnway
• Twitter @DasarteYarnway

>> Samuel Deane's Social Media

• LinkedIn
• Instagram @samuelsdeane
• Twitter @samuelsdeane

>> The Brew’s Black Lives Matter Syllabus

>> 100 ways you can take action against racism right now

>> Photos: Protests In Response To The Death Of George Floyd Shake The Nation

>>  Support the Equal Justice Initiative

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I’m sure you’re getting tons of value from the podcast! Don’t forget to subscribe on Apple Podcasts, Spotify,