Share The Wealth Show

In this episode of Wealth Extraction, Portia Wood shares the reasons why everyone, regardless of their financial situation, should have an estate plan in place.  Portia is a generational wealth planning attorney, based in Los Angeles, Portia leads Wood Legal Group, LLP, an African American woman-owned and operated law firm specializing in estate planning, probate, and elder law that she runs with her mother and law partner, Robin Wood.  They are passionately focused on helping all families grow and protect wealth by being a trusted resource for accurate information and comprehensive, culturally competent estate planning. ________________________________  FREE Discovery call for The Microfamily Investing Accelerator
https://calendly.com/noirvest/themicrofamilyinvestingaccelerator
________________________________ 💣 Avoiding Court Interference
💣 If you’re over the age of 18, nobody is allowed to be your legal representative
💣 The basics that you need to get started
💣 Benefits of an Estate Plan
💣 Property power of the attorney
💣 Health documents
💣 Distribution plan Key Quotes  “Everybody's estate plan is customized to their situation, but if you're over the age of 18, you have to have at least a minimum.” - Portia Wood Connect with Portia Wood! 
Visit the Wood Legal Group website https://www.woodlegalgroup.com/
Follow them on Instagram https://www.instagram.com/woodlegalgr...
Facebook https://www.facebook.com/WoodLegalGroup/
Twitter https://twitter.com/woodlegalgroup
LinkedIn https://www.linkedin.com/company/wood... Want to know about how Portia can help you?
Here are 3 Ways Estate Planning Can Help Close the Racial Wealth Gap
https://docs.google.com/document/d/17... Let’s get connected! You can find Nicole on  LinkedIn https://www.linkedin.com/in/nicole-pe...
Instagram https://www.instagram.com/nvestornikk...
or Facebook https://www.facebook.com/nvestornikki or Visit her website https://noirvestholdings.com

In this Flashback Friday Featured episode, Generational Wealth Planning Attorney Portia Wood emphasizes the need for black and brown families to have estate planning in order to protect their wealth from discriminatory policies. She also talks about the work she does with her company and with friends to help close the racial wealth gap and provides valuable resources that we can all use to be informed about estate planning. ‎‎ ‎________________________________ FREE Discovery call for The Microfamily Investing Accelerator  https://calendly.com/noirvest/microfamilymavericks ________________________________‎ ‎ [00:01 - 09:05] Addressing the Racial Wealth Gap Check out part 1 of my interview with Portia Wood!
Getting away from the toxic banking society that’s harmful to people of color
Economic inequality and institutional racism
How COVID-19 accelerated the Road to 2053 timeline
The black community is losing at the generational wealth transfer game
[09:06 - 13:20] The Power of Trusts Setting up the legal authority over your assets
You don’t need permission from a judge
Avoiding the extraordinary legal fees and delays
[13:21 - 21:27] Let’s Educate Ourselves Head over to woodlegalgroup.com!
Get access to their Resource Library
Save a seat on their monthly webinars
Go to thefutureofgenerationalwealth.com and join the discussion about generational wealth protection
Starting conversations with multigenerational families
[21:28 - 28:30] Closing Segment The final 2 questions
Portia on diversification: Having multiple buckets where you are invested is incredibly important
Key Quotes  “That's me saying, I've not only thought about you but that I love you and I am encouraging you. And the only way I can do that and it's with my estate because I'm gone.” - Portia Wood “It is not because we are not building assets. It is not because of that. It's because we are losing at the generational wealth transfer game. We are losing every time somebody gets sick and every time somebody passes away by not having plans in place. And we just cannot afford to do so anymore.” - Portia Wood   Connect with Portia Wood!  Visit the Wood Legal Group website https://www.woodlegalgroup.com/ Follow them on Instagram https://www.instagram.com/woodlegalgr... Facebook https://www.facebook.com/WoodLegalGroup/ Twitter https://twitter.com/woodlegalgroup LinkedIn https://www.linkedin.com/company/wood... Want to know about how Portia can help you? Here are 3 Ways Estate Planning Can Help Close the Racial Wealth Gap https://docs.google.com/document/d/17...   Let’s get connected! You can find Nicole on  LinkedIn https://www.linkedin.com/in/nicole-pe... Instagram https://www.instagram.com/nvestornikk... or Facebook https://www.facebook.com/nvestornikki or Visit her website https://noirvestholdings.com

Ep 51 - In today's episode of the Share The Wealth Show, we welcome back Albrey Grimsley as she shares about syndication investing and the role it plays in building others' dreams. She also highlights the significance of teamwork, creating a legacy, the appeal of instant gratification, market cycles, and more valuable insights!

Albrey is CEO of Life Legacy Capital, which is a privately held investment company, as Commercial Real Estate investor and Managing Partner at Synergy Paradigm Capital, she has gained a wealth of knowledge in commercial real estate acquisitions and asset management. This has led to extensive operating knowledge and intimate understanding of each of the submarkets in which SPC acquires property. In addition, this allows SPC to identify underperforming assets and solve the root issues that represent a significant value-add play as investors. While creating mentorship opportunities through her organizations, community partnerships, and serving as a former collegiate coach for over a decade, her leadership has led to building champions in their respective professional fields and communities. Her passion for adding value to others has led to her creating the Build Your Bank educational network that encourages individuals to BUILD YOUR BANK. ________________________________ FREE Discovery call for The Microfamily Investing Accelerator  https://calendly.com/noirvest/microfamilymavericks  ________________________________   [1:45 - 9:40] Syndication investment

• Syndication as a passive investment 
• How syndication can truly help build someone else's dream
• Building a network, adding more value while building more capital
• Not everyone needs syndication to build their dream
• Having an abundance mindset
• Adding value to others and showing how to deploy capital in a different ways
• Difference between an operator and a passive investor
• Syndication is a long-term game
• Remember to Do what you love and love what you do
• Like it or Love it - youth program
• Selling an asset or purchasing an asset

[11:28 - 15:27] Network & Teamwork

• How parents should encourage and support their children
• Why do people like instant gratification
• KYP - Know Your Personnel
• The importance of having a network and teamwork.

  [15:28 - 22:30] The Final Questions

• Albrey on diversification
• Monopoly game: Choosing between Baltic Avenue and Boardwalk
• What does Wealth mean to Albrey

  [22:35 - 29:07] Closing Segment

• Albrey's plan for her businesses and the biggest resource needed to get there
• Plan building Life Legacy Academy where kids can learn more about wealth. 
• Consumer mindset to entrepreneur/investor's mindset
• Investing in future education, employment, legacy
• Building a network to add more value to them so they can also build their bank.
• Having an entrepreneurial mindset and still having a capital partner
• LEGACY means Life, Education, Grace, Abundance, Compassion, and Youth
• How to get in touch with Albrey

  Key quotes: " People like instant gratification. Because they want a solution to how to do better the next time, so they don't mess up twice." - Albrey Grimsley "My freedom and philanthropy for me isn't always about giving more capital, it's about giving more time capital so that we can grow and be well and wealthy together. " - Albrey Grimsley “ I always knew I could have more capital to deploy to do more good and create more passive cash flow.” - Albrey Grimsley Connect with Albrey! Instagram - @lifelegacycapital LinkedIn -

In this Wealth Extraction Episode, Dalle Garcia reflects on being fascinated by how money works at a young age.  By using debt smartly, she’s able to find the resources to jump into the investing space. Dalle Garcia was born and raised in the Bronx, New York City. Her first job out of school was at a real estate law firm in White Plains, New York. There she learned the art of real estate and it was the best thing that ever happened. Soon thereafter, she was mortgage brokering and helping homeowners get financing. Reviewing credit has been something she learned very early due to home loan financing. Getting a real estate license while serving loans was a no-brainer. Things changed really fast in 2008. Surviving the last recession had geared her into having financial setbacks and had to work on her own personal credit. Tune in now and learn specific strategies when it comes to your building credit score! ________________________________  FREE Discovery call for The Microfamily Investing Accelerator
https://calendly.com/noirvest/themicrofamilyinvestingaccelerator
________________________________ ○ Hedging Inflation Through Credit
○ Working together with people with good credit
○ Using business funding and reinvesting
○ You can always get a nice return with real estate
○ Reinvesting Debt
○ Start branching off with your finances
○ Buy assets with debt   Connect with Dalle!!! LinkedIn https://www.linkedin.com/in/dalle-gar... Email her at [email protected] Visit the Gold Crown Credit website https://www.goldcrowncredit.com/ Follow them on Instagram https://www.instagram.com/goldcrowncr... Facebook https://www.facebook.com/goldcrowncredit   Let’s get connected! You can find Nicole on LinkedIn https://www.linkedin.com/in/nicole-pe... Instagram https://www.instagram.com/nvestornikk... or Facebook https://www.facebook.com/nvestornikki or Visit her website https://noirvestholdings.com   LEAVE A REVIEW & SHARE THE WEALTH by SHARING this EPISODE with someone who wants to learn the secret strategies of the wealthy and build an abundant life. You can listen to previous episodes of Share the Wealth Show here. https://podcasts.apple.com/us/podcast...

What do you think about trust fund kids? Most of you are probably picturing spoiled brats driving expensive cars and living in mansions as we see on TV and social media. In this Flashback Friday Featured episode, our guest Portia Wood busts the myth surrounding the term and tells us why we all deserve to be trust fund kids (but without the attitude). Portia is a generational wealth planning attorney and she discusses the importance of having an estate plan at the age of 18 regardless of whether or not you have any assets. By planning ahead, we can protect ourselves and make sure that our legacy lasts for generations to come. Based in Los Angeles, Portia leads Wood Legal Group, LLP, an African American woman-owned and operated law firm specializing in estate planning, probate, and elder law that she runs with her mother and law partner, Robin Wood. They are passionately focused on helping all families grow and protect wealth by being a trusted resource for accurate information and comprehensive, culturally competent estate planning. ________________________________ FREE Discovery call for The Microfamily Investing Accelerator  https://calendly.com/noirvest/microfamilymavericks ________________________________
[00:01 - 07:36] Who is Portia Wood?  Transitioning from journalism to law
Her passion for empowering marginalized communities to take agency over their legacy
[07:37 - 14:48] Avoiding Court Interference If you’re over the age of 18, nobody is allowed to be your legal representative
The basics that you need to prepare
Property power of the attorney
Health documents
Distribution plan
[14:49 - 24:32] Normalizing Intergenerational Wealth Transfer in Black and Brown Communities Setting up distribution structure
How Portia created a multi-generational trust structure or a legacy trust for her son
The conditions she put in place
Creating banking concepts within your estate plan
[24:33 - 31:10] Protecting Your Intergenerational Wealth You need time and protection for money to grow
Making a subtrust
[31:11 - 32:08] Closing Segment Watch out for part 2 of our conversation with Portia!   Key Quotes  “Everybody's estate plan is customized to their situation, but if you're over the age of 18, you have to have at least a minimum.” - Portia Wood “We should all want to be black trust fund kids right. It's important. What it means is that somebody has planned for you.” - Portia Wood “It's about Intergenerational wealth protection, right? Like my goal is to make sure that everybody who comes down the line from me is taken care of.” - Portia Wood Connect with Portia Wood! 
Visit the Wood Legal Group website https://www.woodlegalgroup.com/
Follow them on Instagram https://www.instagram.com/woodlegalgr...
Facebook https://www.facebook.com/WoodLegalGroup/
Twitter https://twitter.com/woodlegalgroup
LinkedIn https://www.linkedin.com/company/wood... Want to know about how Portia can help you?
Here are 3 Ways Estate Planning Can Help Close the Racial Wealth Gap
https://docs.google.com/document/d/17... Let’s get connected! You can find Nicole on  LinkedIn https://www.linkedin.com/in/nicole-pe...
Instagram https://www.instagram.com/nvestornikk...
or Facebook https://www.facebook.com/nvestornikki or Visit her website https://noirvestholdings.com

Ep 50 - In this episode of the Share The Wealth Show, Albrey Grimsley shares her wealth of knowledge about treasury management, index options, building a bank educational network, and so much more! Albrey is CEO of Life Legacy Capital, which is a privately held investment company, as Commercial Real Estate investor and Managing Partner at Synergy Paradigm Capital, she has gained a wealth of knowledge in commercial real estate acquisitions and asset management. This has led to extensive operating knowledge and intimate understanding of each of the submarkets in which SPC acquires property. In addition, this allows SPC to identify underperforming assets and solve the root issues that represent a significant value-add play as investors. In addition to being an entrepreneur, she has a strong background in facility management, real estate, education, and sports. She is well-versed in nonprofit capital leadership, mentorship, public speaking, event hosting, and commercial real estate investments. She is the owner of the nonprofit, Like It R Love It Inc, which houses the L.I.F.E Sports Academy program and operates in several locations within the United States and abroad. Her passion for adding value to others has led to her creating the Build Your Bank educational network that encourages individuals to BUILD YOUR BANK. Tune in now and don't miss out on this impactful episode! ________________________________ FREE Discovery call for The Microfamily Investing Accelerator  https://calendly.com/noirvest/microfamilymavericks 
________________________________
[05:01-09:39] Who is Albrey Grimsley? - Why she started to become an entrepreneur
- What having an "investor's mindset" is and how she takes on control of her day with it
- W2 job as a capital partner
- Leveraging capital partner
- Getting paid to do what she loves to do while leveraging capital through investing
[09:40-16:42] Reinvesting Capital - Albrey's take on the emergency fund as a "success fund"
- Capital cash
- Index options & Treasury Management
- Importance of having the time to learn first
- Tony Robbins
- Mutual funds vs Index funds
- Financial Advisor
- Benefit of Treasury Management
- Controlling Investment
- Investing passively
- Build Your Bank Educational Network
[16:43-19:32] Investment Options - Investing without fees
- 401k
- Being well and wealthy
- Network teamwork
- Cashflow lifestyle [19:33-22:33] Index Options and Treasury Management Strategies - Knowing the type of capital you're willing to invest
- Safety and speed is knowing what you have that you can use and deploying it as your capital.
- Educate yourself first before opening accounts.
- Utilizing Charles Schwab and Interactive brokers [22:33 - 32:33] Build L-E-G-A-C-Y - Building networks to start and see how it works before diving into the first step.
- Know your needs, wants, and desire.
- Your priority which has more value that will get more of your time is usually where most capital goes first.
- How she started her first investment
- Having cash flow right away creates more time, and more freedom to do more. [38:43-39:33] Closing Segment - Watch out for part 2 of our conversation with Albrey!
Takeaways "Build a legacy. and legacy for me is, L is for life, let's invest in future education and employment. E is for education. The G is for grace. I try to always lead with grace because you never know someone's situation. The A is for abundance and the C is for compassion. And the Y is for you. So, I try to get back as much as possible with my time." - Albrey Grimsley
"I made sure I've always had an occupation or capital partner in something I love to do. So, I was getting paid to do what I love to do...

On this Wealth Extraction Episode, Dalle Garcia reflects on being fascinated by how money works at a young age. This led her to seek knowledge and build networks to reach her financial goals. She learned to use credit and authorized user accounts to her advantage. By using debt smartly, she’s able to find the resources to jump into the investing space.   Tune in now and learn secret strategies when it comes to building your credit fast! ________________________________ FREE Discovery call for The Microfamily Investing Accelerator https://calendly.com/noirvest/themicrofamilyinvestingaccelerator ________________________________   ○ Being More Creative With Credit ○ How to get higher lines of credit when you don’t have assets to show for ○ Dalle explains authorized user accounts for credit cards ○ Leveraging good credit ○ The lessons she gained from working in a real estate law firm ○ Utilizing her credit to buy real estate ○ Working together with people with good credit   Key Quotes “I appreciate people that want to grow. And even if they don't know, they’re just going to leap. That's the key. Go and go for it. Stop overthinking it.” – Dalle Garcia   Connect with Dalle!!! LinkedIn https://www.linkedin.com/in/dalle-gar... Email her at [email protected] Visit the Gold Crown Credit website https://www.goldcrowncredit.com/ Follow them on Instagram https://www.instagram.com/goldcrowncr... Facebook https://www.facebook.com/goldcrowncredit     Let’s get connected! You can find Nicole on LinkedIn https://www.linkedin.com/in/nicole-pe... Instagram https://www.instagram.com/nvestornikk... or Facebook https://www.facebook.com/nvestornikki or Visit her website https://noirvestholdings.com   LEAVE A REVIEW & SHARE THE WEALTH by SHARING this EPISODE with someone who wants to learn the secret strategies of the wealthy and build an abundant life. You can listen to previous episodes of Share the Wealth Show here. https://podcasts.apple.com/us/podcast...

In this Flashback Friday Feautured episode - Dalle Garcia reflects on being fascinated by how money works at a young age. This led her to seek knowledge and build networks to reach her financial goals. She learned to use credit and authorized user accounts to her advantage. By using debt smartly, she’s able to find the resources to jump into the investing space.   Dalle Garcia was born and raised in the Bronx, New York City. Her first job out of school was at a real estate law firm in White Plains, New York. There she learned the art of real estate and it was the best thing that ever happened. Soon thereafter, she was mortgage brokering and helping homeowners get financing. Reviewing credit has been something she learned very early due to home loan financing. Getting a real estate license while serving loans was a no-brainer. Things changed really fast in 2008. Surviving the last recession had geared her into having financial setbacks and had to work on her own personal credit.   Tune in now and learn specific strategies when it comes to your building credit score!   ________________________________ FREE Discovery call for The Microfamily Investing Accelerator  https://calendly.com/noirvest/microfamilymavericks ________________________________   [00:01 - 15:14] Who is Dalle Garcia? Helping people build business credit and leverage it to purchase assets Being an immigrant and growing up dreaming to do bigger things Studying hard about credit and learning from her mistakes Feeling responsible for her family and now, teaching her son early about finances   [15:15 - 23:09] Being More Creative With Credit How to get higher lines of credit when you don’t have assets to show for Dalle explains authorized user accounts for credit cards Leveraging good credit The lessons she gained from working in a real estate law firm Utilizing her credit to buy real estate     [23:10 - 28:18] Hedging Inflation Through Credit Working together with people with good credit Using business funding and reinvesting You can always get a nice return with real estate     [28:19 - 32:33] Reinvesting Debt Start branching off with your finances Buy assets with debt Dalle shares one client's success story     [32:34 - 38:19] Closing Segment Do you want to build wealth for yourself and your family? You need THE LAUNCHPAD. Click here to learn more! The final 2 questions Dalle on diversification: You need to diversify in certain scenarios in life Connect with Dalle!     Key Quotes “I appreciate people that want to grow. And even if they don't know, they’re just going to leap. That's the key. Go and go for it. Stop overthinking it.” – Dalle Garcia “I love to educate business owners, even people that don't have a business and are thinking about starting something.” – Dalle Garcia “You have to diversify certain scenarios in life depending on how that impacts you. Because if you're self-employed and you only have one form of income and that business slows down and you don't have nothing else.” - Dalle Garcia   Connect with Dalle!!! LinkedIn https://www.linkedin.com/in/dalle-gar... Email her at [email protected] Visit the Gold Crown Credit website https://www.goldcrowncredit.com/ Follow them on Instagram https://www.instagram.com/goldcrowncr... Facebook https://www.facebook.com/goldcrowncredit     Let’s get connected! You can find Nicole on LinkedIn

Ep 49 - In this episode, we have Vontenea Stokes is the CEO & Co-Founder of Secure Living, a financially regulated real estate funding platform. The company’s mission is to make real estate investing more affordable and accessible to the average household; while at the same time, providing alternative funding to real estate professionals. As a real estate investor, she experienced firsthand the challenges of getting started with real estate and acquiring the capital to do so. Vontenea recently ditched her comfy 9-5 to focus all her energy on creating more equitable investment opportunities for the average person. This year, Secure Living became registered with the SEC and is a member of FINRA. Vontenea has a background in marketing and communications and has managed multi-million-dollar product assortments. This experience supports her in managing and facilitating the capital raise for real estate deals on Secure Living’s website.   FREE Discovery call for The Microfamily Investing Accelerator  https://calendly.com/noirvest/microfamilymavericks    [00:00 - 20:13] The importance of understanding the legalities and regulations behind offering real estate investment opportunities

• The background and current work of Von Stokes, CEO of Secure Living, a real estate focused funding portal that helps real estate professionals and investors find capital through individual investments or crowdfunding methods
• The mission of affordability and accessibility in real estate investing, and how Secure Living helps make it possible for the average person to invest in real estate
• The personal story of Von Stokes' journey into real estate investing, starting with a family-funded investment shortly after college that paid off his student loans and led to the creation of Secure Living \

  [20:14 - 30:38] The crowdfunding platform supports both debt and equity opportunities

• The platform is flexible and allows for the issuer to choose the type of security that fits their company best (debt, equity, profit sharing, convertible notes)
• Convertible notes allow for debt to be converted into equity at a specified time in the future
• The operator specifies the type of security in the beginning but for convertible notes, the individual investor has the option to convert the debt into equity at the specified time

   [30:39 - 37:57] Real estate securities and crowdfunding

• They are currently in a phase of relationship building, reaching out to potential investors and sponsors
• They mention that with crowdfunding, they are able to raise funds from non-accredited investors and advertise publicly, whereas with traditional funds and syndications, only accredited investors can participate and it is not publicly advertised
• They mention that when registering on their website, there is a requirement to indicate whether the individual is accredited or not, with different investment limits for each

    [37:58 - 45:18] Closing Segment

• The final questions
• Investment strategy should be scalable
• You need to be healthy and insane enough to, to do something with it
• Wealth is generational. Having something that you can pass down, having a solid foundation
• What’s next for Vontenea?

    Key Quotes    “So we don't show favoritism, one or the other.” - Vontenea Stokes   “Wealth takes on a lot of different facets.” - Vontenea Stokes       Connect with Vontenea Stokes   through securelivingrei.com. Follow her on Instagram, Facebook,...

On this Wealth Extraction Episode, Lesley Batson dives in on how to use life insurance to your benefit. We talk about the misconceptions of life insurance, its benefits, and why you should have it, as well as practical tips to make the most out of it.   ________________________________ FREE Discovery call for The Microfamily Investing Accelerator https://calendly.com/noirvest/themicrofamilyinvestingaccelerator ________________________________   Life Insurance premiums ● Benefits of a life insurance policy ○ Converting from term convertible policy to a life insurance policy ● The different kinds of life insurance policies that you can utilize ○ It is a great alternative to saving in a bank account ● A benefit of choosing life insurance     Key Quotes “I feel like that's something that people don't realize you can actually use living benefits of a life insurance company because they only think about the death benefit. - Lesley Batson   Connect with Lesley on LinkedIn https://www.linkedin.com/in/lbatson/ Instagram https://www.instagram.com/rebelrockmo... Check out her podcast Rebel Rock Money Talk https://www.rebelrockmoneytalk.com/ Visit her website at https://www.rebelrockwealth.com/ or email her at [email protected]   Let’s get connected! You can find Nicole on LinkedIn https://www.linkedin.com/in/nicole-pe... Instagram