Minority Money

How do you get out of poverty, create wealth, and be financially independent?

Poverty doesn’t only involve money. It is scarcity in different areas of life - time, relationships, education, spirituality. Being surrounded by poverty as a child is enough reason for anyone to persevere and push through in life. Being in dire circumstances can push anyone to do whatever it takes to get their foot out and create a better life.

How do you emerge from this and create wealth in all areas of your life? How can you persevere despite your circumstances?

Learn how you can break free from the crutches of poverty as we talk about the incredible story of Dr. David Rhoiney who persevered through poverty and is now a surgeon, software developer, entrepreneur, and investor!

Get inspired and empowered by his journey and find out how he broke free! He talks about life as a homeless child, the value of financial knowledge and continuous learning, and the importance of perseverance and hard work.

You don’t need to have everything - expensive cars, houses, and all the things but you deserve to live comfortably and feel secure.

Highlights:

>> D Rhoiney’s journey from being homeless as a child to becoming a DO

>> What is perseverance?

>> How D Rhoiney develop fortitude in the hardest and lowest points of his life

>> Making the conscious decision of becoming financially independent

>> How to persevere in life despite growing in poverty

>> Money conversation and becoming a surgeon

>> The value of financial knowledge and learning from others

Resources:

>> David’s Social Media

• Twitter @FiSurgi
• LinkedIn @drhoiney
• Instagram @surgifi
• Facebook @surgifi

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 About Money

>> Developing the Millionaire Mindset with Dr. Sarah Fallaw

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Our instincts lead us to be cautious in the face of danger. And investing might kick in this instinct as there is really no way to know what will happen next. This is why investors are uneasy when there’s instability or a downward movement in the market. They start panicking and making bad decisions that they usually regret later.

How can you be at ease even when the market is crashing down? How do you make sound decisions with your investments? What will you do with your investments at the time of COVID-19?

If you’re an investor or want to start investing, this episode is for you. You will learn how to remain calm and be optimistic in any situation. Because really, no one can control the market. but you can control how you react. You can control the decisions you make with your money. 

Start walking the path of a successful investor as psychologist and behavioral finance expert Daniel Crosby talks about behavioral finance and the psychological, physiological, sociological, and neurological aspect of investment decision making. He is the author of the Laws of Wealth and The 10 Commandments of Investor Behaviour which we also touch on in this episode.

Highlights:

>> What is behavioral finance

>> Why investors should not panic when there’s market volatility 

>> The concept of “Wall Street Bizarre World”

>> Reasons why you’re not a good investor

>> The psychology and physiology of sound investment decision making

>> Why having a financial advisor is a necessity when investing

>> Investing during COVID-19

>> Daniel’s book: Laws of Wealth & The 10 Commandments of Investor Behavior

>> What it means to automate & delegate

Resources:

>> The Ten Commandments of Investor Behavior

>> The Laws of Wealth: Psychology and the secret to investing success

>> Daniel Crosby’s Social Media

• LinkedIn
• Twitter @danielcrosby

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

>> No Need to Worry, My Accountant Handles That

>> What the Financial Market Holds After the Coronavirus Pandemic

>> Becoming Successful Through Controlling What You Can

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When you’re trying to achieve your goals or just trying to make things financially better, it gets kind of difficult to build or move up when you don’t see people that look like you sitting in that position that you might need or a spot of support to help you in your financial concerns. And you can’t help but feel intimidated or uncomfortable sometimes. 

But today, more and more black, brown, and people of color are now filling in financial positions (especially senior management roles) in the financial industries! Today, you’re about to meet someone who’ll empower you to build your legacy and prosper in life!

In this episode, we are joined by Dana Wilson, the CEO and founder of CHIP (Changing How Individuals Prosper), a platform designed to connect individuals consumers to financial professionals of color. 

Learn how you can help yourself and others prosper as Dana talks about how CHIP is helping individuals and professionals of color thrive! Find out what CHIP is doing to retain its people and why it matters that you have a financial professional of color to help you with your financial needs!

Highlights:

>> What is CHIP all about and why should you care?

>> How Dana started CHIP and how she’s currently helping individuals to prosper through it

>> Why it’s important for minorities to have a financial professional of color?

>> Dana’s thoughts on generational wealth

>> Community and collaboration

>> What’s the next step for CHIP?

Resources:

>> CHIP

Apply as a CHIP professional 👉 here

>> Dana Wilson Social Media: 

• LinkedIn

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®

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

>> Home Ownership: Everything You Need To Know When Purchasing a New Home with Myra Alvarez and Jose Sahagun

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One of the best things you can do for yourself and your family is maintaining your health and well-being. But how do you stay on top of your health when there’s a pandemic going around?

Join me in this episode, as we meet the youngest African-American Osteopathic Physician, Ashley Roxanne Peterson, DO to talk about minority health, preventive medicine, and COVID-19. She is the host of the Real Medicine with Doctor Rox podcast where she talks about topics that no one normally talks about in the field of medicine.

In this conversation, Dr. Rox shares how she graduated high school at 15 and became an Osteopathic Physician at 24. Learn how you can stay resilient as Dr. Rox also shares her struggles and how she overcame it!

Plus, she also talks about the common myths related to coronavirus and how you can stay physically and mentally healthy in the midst of this crisis! 

Highlights:

>> What is Osteopathic medicine all about

>> Dr. Rox journey on how she became a DO at a young age and what got her interested in osteopathic medicine

>> How Dr. Rox graduated high school at 15 years old

>> Dr. Rox’s thoughts on COVID-19

>> Busting common myths about coronavirus

>> Can you get coronavirus twice?

>> The beauty of preventive medicine

>> Resilience and support systems

Resources:

>> Real Medicine with Doctor Rox Podcast

>> Dr. Ashley Roxanne - personal website 

>> Dr. Rox Social Media 

• Instagram @drashleyroxanne  
• Twitter @DrAshleyRoxanne
• Facebook

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

>> You Are What You Absorb

>> Remember to Eat Your Veggies!

>> What the Financial Market Holds After the Coronavirus Pandemic

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Has it ever crossed your mind what’s gonna happen if you were to die today? What about your kids? Who are they going to rely on? At one point in time, our life here on earth will expire. How do you prepare for something that’s bound to happen but don’t know when?

Find out how you can prepare for the inevitable as Mike Bennett of Helios Planning joins us to talk about estate planning - its benefits, the do’s and don’t, why you need to have one, and what can happen if you don’t have one. We will also talk about the myths and mistakes many make in estate planning and how one should go about it.

Mike Bennet is a Lead Estate Planner at Helios Integrated Planning where he helps and assists financial advisors and their clients with basic estate planning needs. 

If you want to learn how to ensure the safety of your assets and family, this episode is for you.

Highlights:

>> What is estate planning and the importance of having one

>> Mistakes people tend to make when it comes to estate planning

>> Having difficult conversations with your spouse/ family to prepare for the future

>> How people should be looking at trust

>> Setting an example for your kids

Resources:

>> Mike Bennett - LinkedIn and Twitter @bennettsterchi

>> Helios Integrated Planning

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

>> Taking Off The Advisor Mask

>> Equality and Representation in the Finance Industry

>> No Need to Worry, My Accountant Handles That

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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.

There are unexpected things and circumstances that are out of our control - illnesses, accidents, and death - these are some of the reasons why we need to have life insurance. Whether you’re single or married, it’s an essential part of life and financial planning. If you’re covered by insurance, your debts will not be a burden to the ones you will leave behind.

I cannot overstate the value of life insurance in the event when you or one of your loved ones pass away. And this episode is all about life insurance! I’m going to help you understand the importance of having a life insurance policy as I share my personal experience with it.

Start making the right choice now! Find out who should get life insurance and why you need to consider getting one. You’ll also learn about the different types of insurance and what to do with term policies!

Highlights:

>> My personal experience with life insurance

>> What is a life insurance & why you should consider getting a life insurance

>> Types of insurance

>> How much life insurance do you need

>> What you need to do about the term policies

Resources

>> Life Happens

Join the 21-Day Money Makeover Challenge! Click here - https://mailchi.mp/minoritymoneypodcast/moneymakeover

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

>> The Pilot Episode - Welcome to the Minority Money Podcast!

>> Utilizing Your Financial Why to Help Change the Racial Wealth Gap

>> The Art of Negotiation: Just Ask

Let's Continue the Conversation! Head on over to the Minority Money Podcast Community Facebook Group

Want to chat with a fee-only financial planner? Shoot me an email at [email protected]

One of the best things you can do this quarantine is to learn about finance. There’s no better time to do it than now! And it’s more fun if you learn it together with your little ones!

To equip your kids for the future, it’s vital that you know how to manage money effectively - how it works and how to make it work for you.

Take your first step to financial independence today, as Carlos Gomez of Common Core Money joins us in this episode, to talk about financial education to conquer your finances and live life on your terms! He is on a mission to help minorities understand personal finance and teach them what to do with their money so they become successful in life.

We touch on many topics related to becoming financially literate and one of them is how you can leave a legacy to your kids by teaching them how to become financially savvy as they grow up!

Highlights:

>> Limited mindset mentality

>> The 21st-century approach to success

>> Carlos’ thoughts on public education and teaching the next generation of investors

>> How do we get parents to teach learn finance and expose their children to financial education

>> The value of financial education

Connect with Carlos Gomez

>> Common Core Money

>> Instagram

>> Facebook

>> Twitter

>> YouTube

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

>> Financial Planning for Educators

>> What School Never Taught You About Money

>>

Values and principles are just as important as the investment decisions that you make. Where your money goes, matters.

How we use our money is a reflection of our values. Are your investments aligned with your values? 

Start making a difference through your investments as Sustainable Finance Expert, Mona Naqvi joins us to talk about ESG investing, eco currency and how you can align your investments with your values!

Mona is also the senior product manager for environmental, social and governance (ESG) indices at S&P Dow Jones Indices. She serves as a global spokesperson for S&P DJI’s ESG Indices, educating people on the values of ESF investing and industry lading ESG lineups.

Listen on and find out what you need to do so your money is in alignment with your principles!

Highlights:

>> What is Eco currency

>> What is ESG investing a

>> S&P 500 vs S&P 500 ESG

>> How to align your investments with your values

Connect with Mona Naqvi

>> Instagram @theclimatewarrior 

>> Twitter @mona_naqvi_ 

>> LinkedIn

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

>> Education: The Great Equalizer

>> What School Never Taught You About Money

>> The Importance of Growing Your Personal Equity

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

The Coronavirus Aid, Relief, and Economic Security (CARES) Act has recently been passed to support US residents dealing with the global pandemic, COVID-19. It’s a combination of economic stimulus and support for the health care system.

We’re going to talk about what this stimulus package entails as Luis Rosa, CFP® EA, Founder of Build a Better Financial Future and host of the On My Way To Wealth Podcast joins us in this episode! He’s a Certified Financial Planner with a mission to help others pursue their financial goals!

In this episode, Luis breaks it down what the stimulus payment is and what it means for minorities and business owners. He’ll answer questions related to your 401k and the CARES Act in light of people who have student loans.

There are many things that we can’t control. The spread of the coronavirus and the uncertain financial markets as such, and Luis assures us that there are also some things that we can control and he’s going to help us tap into it!

Educate yourself now and focus on what you can control. Find out what actions to take in this crisis so that you can build a better financial future for you and your family!

Highlights:

>> What is the CARES Act

>> What’s this stimulus payment you’ve been hearing all about?

>> What the CARES Act entails for people who have student loans

>> Should you tap into your 401k now?

>> How the CARES Act is beneficial to business owners

>> Focusing on what you can control

>> Taking action

Connect with Luis Rosa

>> Build A Better Financial Future

>> Instagram @luis_f_rosa

>> Twitter @luis_f_rosa

>> LinkedIn

>> Facebook

Resources:

>> IRS Change of Address Form 8822

>> IRS Coronavirus Information Page

Challenges in life often lead us to make hard decisions. And sometimes the outcome of those decisions, impacts not only ourselves but also our family, work, and relationships.

In this episode, Dave Stewart of Stewart Family Coaching joins us to talk about family in the areas of finance, health, and marriage. He is a psychotherapist and a life coach who’s on a mission to help you discover new life by identifying and replacing habitual thoughts and behaviors that keep you from living a happy life.  

Dave and I cover the topic of how focus is vital to get to the place you want to be. He also talks about psychotherapy and the two parts of our mind. Moreover, he talks about maturity and marriage, how to consciously take responsibility and how the decisions we make not only impact ourselves but also our family.

Dave Stewart is a U.S. Army Veteran, Business Owner, Psychotherapist, and Life Coach. He believes that helping people experience amazing personal growth, transformation, and power is his life calling. 

Highlights:

>> What is psychotherapy?

>> The conscious and the subconscious mind

>> How the decisions we make impacts our family

>> The power of focus

>> Marriage and maturity

>> Consciously taking responsibility

Connect with David Stewart

>> Twitter @coachdstew

>> Stewart Family Counseling

Resources:

>> The Mis-Education of the Negro by Carter Godwin Woodson

>> Think And Grow Ruch by Napoleon Hill

>> Think and Grow Rich: A Black Choice

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

>> Making The Most of Money Talks With Your Spouse

>> Bringing Financial Education Back to the Community

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

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