Share The Wealth Show

Share The Wealth Show

By Nicole P.BusinessInvesting
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Share The Wealth Show episodes

  • Flashback Friday Ep 29 - Name Your Price! Uplifting Distressed Communities

    With all the wealth-building potential of real estate, there is a tendency to lose sight of what it really means to add value to the lives of others.   In today's Flashback Friday episode, we get to know more about Nicole Gauthier and how they are bringing transformation and financial literacy to distressed communities. She also highlights the importance of paying the people the right way and empowering them to know what they deserve.   ____________________________________________

    Interested in investing in small multifamily? Learn more about The Microfamily Mavericks mentorship program here:

    https://www.microfamilymavericks.com/casestudy

    FREE Discovery call for The Microfamily Investing Accelerator 

      ____________________________________________   [

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    ] Making a Difference with Impact Investing Check out part 1 of the interview with Nicole! Nicole breaks down the projects she’s currently working on Embodying awesomeness in Wicked Holdings and creating change in distressed neighborhoods   [

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    ] Doing Right by the Residents Aside from providing employment opportunities to the locals, fair compensation is a must Investors need to do a better job of talking to the community and understanding what they truly need Nicole shares how she’s able to connect with people from different walks of life   [

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    ] Closing Segment The final questions Diversify with assets that you know Nicole shares her strategy in choosing between Baltic Avenue and Boardwalk What does Nicole need right now to get to the next level? Connect with Nicole!   Key Quotes “As a real estate investor, we have a fiduciary duty towards our tenants to make sure that they're living in homes that are not falling apart, have heat, running water, and have more than four walls.” - Nicole Gauthier   “I can just ask them and say like, what's your highest bill? Their highest bill's probably not going to be anywhere near what our highest bill is. Maybe it's a hundred bucks, but what's a hundred dollars, right?” - Nicole Gauthier   “It's not only about you going into these communities and doing the things that you think that they need. Sometimes it’s nothing like what you've expected and you don't ever know that until you do a deep dive into them and ask them like, Hey, how can I help you?” - Nicole Gauthier    Connect with Nicole Gauthier on LinkedIn 

    Instagram 

    and Facebook 

    27 min
  • The Black Professionals Network – A Conversation with Kenasha Paul
    Share The Spotlight Ep 07 - Nicole chose this episode because she deeply agrees with the philosophy of legacy building and importance of surrounding yourself with other professionals who have the same mission and vision so we have support while we build.    Let's explore The Money Script podcast and create an ecosystem of legacy builders! _______________ Listen as Yohance welcomes Kenasha Paul to the Podcast.  Kenasha is the CEO of Black Professionals Network where they are “Creating an ecosystem of legacy builders”.  They currently have chapters in Miami, Chicago and Los Angeles.  Focusing on building network as their net worth

    0:30 Team went on a retreat!
               10,000 downloads on the podcast
    1:45 Welcome Kenasha Paul CEO of Black Professionals Network.
    2:30 Current events – updates on student loans
    6:00 What is The Black Professionals Network?
    10:25 – 54 Ruling of Affirmative Action
    12:00 Creating an ecosystem of Legacy Builders
    16:00 Lifestyle income vs. Legacy Building
     20:45 What is your first memory of money?     

    www.mybpn.org
    www.bpsummit.org
    https://www.facebook.com/mybpnetwork
    https://www.instagram.com/mybpnetwork/
    41 min
  • Flashback Friday Ep 28 - "Safe" is an Illusion - From Accountant to Real Estate Investor
    There’s nothing wrong with seeking a safe and secure job. But more often than not, there are risks that are worth taking to achieve financial freedom.   In this Flashback Friday episode, our guest, Nicole Gauthier, began her career as an accountant until she realized that there’s got to be more to life than a four-day work week. She stepped out of the typical path and transitioned to real estate to build the lifestyle she wants and leave a legacy for her family. Today, she shares her story and offers valuable advice for those who want to get started in real estate, especially with passive investing.   Nicole Gauthier is the Founder of Wicked Holdings; a real estate investment company focused on social change and community empowerment. She is a multifamily real estate investor currently invested in 208+ doors and provides opportunities for passive investors to diversify their assets into multifamily investments so that they too can live a life of abundance and financial independence. She is also dedicated to helping educate others on the concept of generational wealth and financial literacy.   ____________________________________________ FREE Discovery call for The Microfamily Investing Accelerator  https://calendly.com/noirvest/microfamilymavericks  ____________________________________________   [00:01 - 15:13] Who is Nicole Gauthier? Nicole wanted to be a graphic designer but decided to become an accountant because it’s the safer route She broke out of the mold to discover a different way to increase wealth Your 401k is not enough for retirement and there are other options to save money for the future   [15:14 - 24:22] Creating Legacy Through Real Estate There are a lot of ways to use the cash value of insurance policies to invest in other assets. Nicole believes in real estate because it is stable and income producing How she started to invest passively Understanding that debt is not scary and can be leveraged to open up opportunities To be a passive investor, it’s important to gain clarity on your investing goals and find operators that you know, like, and trust   [24:23 - 25:06] Closing Segment Watch out for part 2 of our conversation with Nicole!   Key Quotes “There's got to be more. I need to be able to create my own schedule. I need to find a way to get out of this five-day work week where most of my life is spent.” - Nicole Gauthier   “ A 401k that you can't even touch until you're like 59 and a half and if you do touch it before then there's all these penalties and tax implications that you're now subject to… It's like, why? This is my money that I've put into there. Why is it being held hostage?” - Nicole Gauthier   “Debt is not bad. You just have to leverage it to create the right opportunities for yourself.” - Nicole Gauthier   Connect with Nicole Gauthier on LinkedIn
    29 min
  • You Will Destroy Your Legacy If You Don't Do This
    Share The Spotlight Ep 06 - This episode explores the importance of facing difficult conversations around death and making responsible choices in planning for it so you can leave behind a lasting, impactful legacy for your family.   Join us as we explore Dreamcatchers podcast and the essence of preserving a meaningful legacy and the steps we can take to ensure its enduring value! _______________   Patricia Myers has been in the funeral service industry for decades and is here to share her invaluable wisdom on the end of life planning.   Join us as we explore the importance of being aware of family history, asking questions around the dinner table, and planning to leave behind a meaningful legacy and avoid leaving a mess for others to clean up. Patricia will discuss her experience of seeing families come into a service for their loved ones without knowing what they want, often influenced by what others have done or out of guilt. She will also explain how funeral homes can help families relax during this intimidating process by getting them to talk about their loved ones and allowing them to personalize the service. She will emphasize the need for research and understanding what is being bought before spending money on funeral services.   Finally, Patricia will touch on her workbook that allows people to plan and involve family members in making decisions that honor their wishes. By joining this conversation, you'll gain insight into approaching end-of-life conversations gracefully and understanding while learning how to create a meaningful legacy that celebrates your heritage.   [00:01 - 09:36] Opening Segment People often don't know what they want when planning a service for their loved one It is important to ask family members questions about their legacy and history Patricia got into the funeral service industry by designing burial garments She wanted to understand the emotions and psychology of grieving families   [09:37 - 16:59] Understanding Funeral Planning to Avoid Overspending and Emotional Crisis Helping families relax by asking them about their loved ones before diving into pricing Assisting families to personalize the funeral service for their loved one Creating a resource that allows people to plan their funeral before being in a crisis mode Lack of knowledge can lead to overspending on funerals   [17:00 - 27:43] Step-by-Step Guide to Planning Your End Stage of Life and Honoring Final Wishes Funeral directors are in a sales role, and people need to plan for funerals People should be responsible for their end-of-life decisions and finances Embracing the Teardrop - a workbook that can help people celebrate the life of a loved one without extravagant spending   [27:44 - 33:50] Closing Segment Take a close inventory of yourself and prepare for the end stage of life   Final words Quotes: "Death and dying is just like your birth certificate, the information that's on that birth certificate carries through your death certificate, and you need to know those facts." - Patricia Myers   "If you're going to buy a car, do you just go to the dealership and say, 'Hey, I want this.' $50,000? No. You'll start researching and discover what this car's all about before you dump your money. When it comes to funeral planning, people don't do that." - Patricia Myers   "You are the person responsible for your end stage of life." - Patricia Myers   Connect with Patricia Myers: LinkedIn: https://www.linkedin.com/in/patricia-myers-619bab2b/   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes.   Dreamcatchers is an inclusive organization that targets people's interest in being more instead of a...
    37 min
  • Flashback Friday Ep 27 - Become Accredited While Having Fun
    In this Flashback Friday episode, we continue our conversation with Don Spafford. He details how networking took him from zero to success in real estate. He also talks about the work they do in Happy Camper Capital and discusses his insights on campgrounds as a solid investment asset that could potentially offer 3x returns. Going back to his passion for uplifting others, Don shares how they are opening a path for non-accredited investors and people with limited capital to get into great deals.   ____________________________________________________ FREE Discovery call for The Microfamily Investing Accelerator  https://calendly.com/noirvest/microfamilymavericks   ____________________________________________________   [00:01 - 08:40] The Value of Networking Building relationships with people enabled Don to grow in real state How he was able to reach out to people by listening to podcasts Raising capital for different deals through his connections   [08:41 - 12:41] Investing Opportunities in the RV Campground Space The advantages of investing in campgrounds Higher returns Inexpensive to maintain Provides a unique experience both to customers and investors compared to other types of investments   [12:42 - 15:05] Helping Non-Accredited Investors Become Accredited Why Don and his team are accepting lower minimums to allow non-accredited investors to get started Other development projects that they are involved in that interested investors can explore   [15:06 - 22:20] Closing Segment The final questions Diversification protects us against what we don’t know Connect with Don!   Key Quotes “I think that, more than anything, what really led me to where I'm at today is just making those connections.” - Don Spafford   “These are RV campgrounds. It’s a short-term rental at a multifamily scale.” - Don Spafford   "If you're not accredited, you can't get into all these great deals, but then how do you become accredited? So, we try to keep open for that.” - Don Spafford   Connect with Don Spafford through LinkedIn https://www.linkedin.com/in/don-spaff... Visit his blog CTR Finance https://ctrfinance.com/ and check out the Happy Camper website 
    27 min
  • Mastering Mindset and Breaking Barriers in Real Estate
    Share The Spotlight Ep 05 - Nicole visits Kofi Thompson on his own podcast, Breaking The Glass Ceiling podcast.   Nicole shared her inspiring story as a mother of two toddlers, a full-time employee, and a formidable multi-family investor, Nicole has conquered immense obstacles to achieve remarkable success in the real estate industry.   Tune in to Breaking the Glass Ceiling Podcast and witness the extraordinary journey of a woman who shattered barriers, uplifted others, and paved the way for a brighter, wealth-building future.   [00:01 - 13:11] Nicole's Journey of Empowerment
    1. Nicole, a wife, a mother, and full-time employee, shares her journey in the real estate industry
    2. Starting with no money, credit, or connections, she overcame numerous challenges to acquire a three-family house hack in 2015 and has since grown her equity ownership in multiple commercial multi-family deals
    3. Motivated by her own experiences, Nicole founded Noir Vest Holdings, a private real estate equity firm with a mission to help minorities and women build wealth through increased access to multifamily investment opportunities
    4. She is dedicated to empowering underprivileged communities by discussing non-traditional strategies for building generational wealth on her Share The Wealth podcast
      [13:12 - 26:29] Overcoming Barriers and Cultivating a Mindset of Abundance
    1. Kofi and Nicole emphasize the importance of addressing one's money mindset, which includes examining upbringing, conditioning, and subconscious beliefs about money
    2. Nicole suggests starting with small steps, such as gracefully accepting compliments without deflecting or minimizing them, to develop the ability to receive larger forms of support or financial blessings
    3. Kofi emphasizes the need to cultivate a sense of self-worth and deservingness, which opens doors to greater opportunities and abundance in life
    4. By unearthing and challenging subconscious thoughts and reactions, individuals can pave the way for personal growth, financial success, and a mindset of abundance
      [26:30 - 35:46] Embracing an Infinite Mindset and Challenging Financial Beliefs
    1. Kofi and Nicole discuss the importance of prioritizing people over profits and making meaningful connections in the service industry
    2. Nicole's personal journey counters the belief that substantial funds or wealthy connections are necessary to start building wealth
    3. The conversation highlights the need to move away from an instant gratification mindset prevalent in today's society
    4. By challenging the belief that wealth is solely determined by background or financial resources, individuals can adopt a mindset of possibility and take steps toward achieving their financial goals
      [35:47 - 44:33] Sacrifice, Perseverance, and Wise Decisions
    1. Nicole emphasizes the importance of sacrifice and perseverance in achieving success in real estate
    2. She highlights the need to be willing to deal with tenants and property maintenance as a landlord
    3. She cautions against basing decisions on others' negative experiences and encourages seeking advice from experienced investors
      [44:34 - 63:37] Advice for living a fulfilling life
    1. Work hard to be intentional about being fully present with your loved ones, family, and friends
    2. Create a vision for the life you want to live and align your goals and actions with that vision
    3. Build your wealth or pursue your passions in a way that allows you to enjoy life and maintain the lifestyle you desire
    4. Strive for a balance between achieving your goals and living a fulfilling life
    5. Seek opportunities to mentor or volunteer with those who can benefit from your knowledge by giving back and helping others
      Connect with Nicole: Socials:
    1 hr 9 min
  • Flashback Friday Ep 26 - Learning To Say NO - Limits To Helping Family
    You don’t have to have a lot of money to get started in real estate. Our guest, Don Spafford, proved that you can hustle your way to financial success, and serve other people along the way.   In this Flashback Friday episode, Don looks back on how his personal struggles fueled his desire to be in a better financial position in order to help others improve their lives. He considers this as his mission, but he also has words of advice on finding the balance between helping and enabling.    Don Spafford has an educational and professional background in Finance and Securities Investing. His wife is from Paraguay and together they enjoy the opportunities they have to travel back to visit family there and to help the communities in South America. When his wife became a realtor around 2010, it motivated him to want to learn how to invest in Real Estate. The family moved from Nebraska to Idaho in 2015, and it was there in Idaho where they got started. He bought his first property, a four-plex, in 2017, then two more 18 months later. He began moving into commercial real estate including ground-up development projects and eventually landed with Happy Camper Capital, providing syndication opportunities in RV campgrounds. He enjoys spending as much time as he can with his family to create lasting memories. His hobbies include coin and bank-note collecting, traveling, and when he can, he likes to watch movies at home. Don has very high moral and religious standards and will not bend his beliefs for anything. His word is his bond.   ____________________________________________________ FREE Discovery call for The Microfamily Investing Accelerator  https://calendly.com/noirvest/microfamilymavericks   ____________________________________________________    [00:01 - 17:28] Who is Don Spafford? There’s more than just education Don talks about struggling to find a job and eventually looking for other ways to improve their cash flow How he and his wife were able to start investing even without being in a strong financial position Leveraging his 401k Finding a local lender with a good downpayment option for investing He lessened the hassle of self-managing by putting up systems for payment   [17:29 - 23:37] Uplifting Others through Real Estate Don shares his passion for helping other people His mission in Argentina showed him true poverty and wanting to be a driver of change Real estate has enabled him to be in a position to give back, especially to his family He started a personal finance blog geared towards teenagers and young adults   [23:38 - 29:52] Don’t Feel Bad for Saying No Setting up boundaries in helping people is important, even if it’s hard Judge it based on the situation and what their actual needs are If helping becomes too much of a habit, you’re debilitating others and making them not use their own brains and resources to solve their problems.    [29:53 - 30:38] Closing Segment Watch out for part 2 of our conversation with Don!   Key Quotes “I'd...
    35 min
  • $80K Monthly on Just 6 Short-Term Rentals with Michael Elefante, Ep. 513
    Share The Spotlight Ep 04 - Welcome to the Share the Wealth Show podcast! Our commitment to sharing wealth continues as we shine a spotlight on another captivating and thought-provoking podcast we've found that we know will add tremendous value to you! We'll visit John Casmon's podcast show, who has been a guest on our own show Episode 4 (make sure you check it out HERE!). Stay tuned, and let's get ready to explore Multifamily Insights Podcast! __________________   Michael Elefante is a real estate investor, content creator, and entrepreneur. He and his wife became financially free at the age of 27, just one year after investing in short-term rentals. Just 2.5 years later, they've scaled to six short-term rentals that generate over $80k per month and $40-50k cash flow per month. Michael is an avid online educator and offers resources to help others jumpstart their journey to financial freedom. He is the founder of Airbnb Investor Academy, which launched in April 2021, and has generated nearly $1M in course and coaching sales in the first 16 months. He has around 1M followers across Tik Tok, Instagram, and YouTube. In our conversation, Michael talks about short-term rentals, including maximizing cash flow, dealing with seasonality, and market selection. He also shares the significance of differentiation, profitability strategies, managing rentals in different markets, the Bnb Investor Academy, and how to build a massive social media following.   Announcement: Download Our Sample Deal and Join Our Mailing List   The Highest Possible Cash Flowing Asset 00:00 The highest possible cash-flowing asset; 05:01 Seasonality in short-term rentals; 06:33 What to look for in a market for short-term rentals; 10:15 The importance of differentiating yourself in short-term rentals; 17:41 How to make sure you are profitable in short-term rentals; 20:10 How to manage short term rentals in different markets; 23:00 The Bnb Investor Academy; 24:08 How to grow a massive following on social media; 31:00 Round of Insights   Apparent Failure: Not being able to make it in professional baseball after collage. Most Recommended Book: Cashflow Quadrant Daily Habit: Exercising #1 Insight for Short-term Rental Investing:  Leverage the data that is already out there. Best Place to Grab a Bite in Greenville: Hall’s Chophouse   Contact Michael: You can find Michael on social media with the @melefante6 handle.   Thank you for joining us for another great episode! If you’re enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.
    42 min
  • Perseverance in Small Multifamily
    Share The Spotlight Ep 03 - Nicole visits Marc Cesar on his own podcast, No BS Apartment Investing podcast. 

    Nicole shared her amazing story and journey in the Real Estate Small Multifamily space. They discussed a TON of need to hear topics:
     Wholesaling
     Getting Sued
    1st rental property 
    Losing $25K in rental income 
    and much more... Nicole showed why being resilient is necessary when chasing after your goals and dreams Regardless of what obstacles you encounter, you have to be willing to push through the hardships until you start achieving what you have set out to achieve.
    1 hr 2 min
  • Flashback Friday Ep 25 - Balance Is A Myth: Get Out Of Equilibrium
    To celebrate the 25th episode of the Share The Wealth show, we sit down for a heart-to-heart talk with our host, Nicole Pendergrass. We get to know a little bit more about her as she reflects on the true meaning of balance and why we will never achieve success by being still and stagnant. By embracing the up and downs of life, we should set ourselves in motion, and build strength and confidence to face any challenges head-on.   Nicole Pendergrass is a wife, mom of two toddlers, full-time employee, multifamily investor, and generational wealth advocate. She started her real estate journey with no money, no credit, no connections, and after a few unsuccessful ventures, got her footing with a 3 family house-hack. She grew that first property into ownership in multiple multifamily projects and is now on a mission to help others do the same. She founded Noirvest Holdings, a private equity REI firm, to help minorities, women and other overlooked individuals build wealth through increasing access to "privileged" multifamily investments. She is also the host of the Share The Wealth Show, a podcast dedicated to discussing untraditional strategies to build, grow and protect minority wealth.   ___________________________________________  FREE Discovery call for The Microfamily Investing Accelerator  https://calendly.com/noirvest/microfamilymavericks  ___________________________________________   [00:01 - 04:24] Thank You for the 25 Episodes! Nicole introduces herself and shares the things that keep her busy As she moves on to do bigger things, the issue of balance comes into play  [04:25 - 10:40] Balance is All About Being Out of Balance The common misconception about balance is that everything has to be perfect and under control It‘s not humanly possible to devote our attention to so many things We have to choose where we put our focus and take things one at a time It’s okay if some aspects fall into disarray; it’s part of life Life is about movement We cannot create wealth if we keep our money in one spot  [10:41 - 20:14] When We’re Out of Balance, We Grow Accepting change and chaos makes us stronger and helps us reach our full potential Opportunities will come when we inspire other people with our journey and struggles It’s all about reframing our emotions Turn anxiety to excitement Think of challenges as the path to greatness Embrace life as it is and keep moving forward [20:15 - 29:01] Closing Segment The final 2 questions: Nicole on diversity: When you're in growth mode, you should focus. When you're in capital preservation mode, you should diversify. What’s next for Nicole?  Key Quotes “Balance is about getting out of equilibrium. It is impossible to devote the same amount of attention at all times of the day, to all the different areas of your life. That's humanly impossible.” - Nicole Pendergrass  "It doesn't grow because you're keeping it in the one spot. Growth of finances and wealth building is all about deploying your money to a certain...
    34 min

About Share The Wealth Show

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Do you believe that life should be more than mediocre? Well, so does Nicole Pendergrass, the host of The Share The Wealth Show, a married mom of two toddlers, who decided to break through the…