Share The Wealth Show

Ep 02 - Do you want to stop working for money and start having money work for you?   In this episode of the Share The Wealth Show, guest Edmund Chien and Nicole Pendergrass talk all about how he built and managed a $70 million book of business for high-net-worth clients, what he’s learned form coaching and advising millionaires and what it takes to make your first million. All this and more!     Edmund Chien has over 15 years of experience managing money for high-net-worth investors, including serving as a senior partner of a private equity firm that managed ½ billion in assets. He is experienced in real estate syndications and was also a licensed stockbroker and life insurance advisor. In retirement, Edmund now focuses on coaching real estate syndicators in client relations.

________________________________ FREE Discovery call for The Microfamily Investing Accelerator  https://calendly.com/noirvest/microfamilymavericks  ________________________________   [02:40 - 04:00] Who is Edmund Chien? 

• Starting off as a neophyte to pursue excellence
• Working as a professional in Broadway productions
• Enlisting in the military and becoming a boot camp instructor
• • Learning how to invest my salary properly
  • Reading about personal wealth and personal finance
  • Becoming a full-fledged professional in the industry

  [05:00 - 07:00] Wealth Management Is Considered As Private Equity

• The main focus of the different types of investment brokers
• What is considered private equities?
• How Venture Capital differs from Private Equity

  [07:20 - 10:00] Private Equity Gives You A Lot More Control

• Downsides of public markets versus open markets
• The upsides of private equities
• • Price to earnings ratios tend to be lower
• Buying Assets Privately

  [10:20 - 15:00] The Hardest Million To Make Is The First Million

• Coaching and advising Millionaires
• Surpassing your parent's income generation and collection of wealth
• • Showing respect to your parents when giving advice
• Finding great mentors and great coaches to help you

  Key Quotes    “If you invest and the company fails, you can't foreclose on property. There are no bricks and wood there. And because there's no asset there. It's not considered private equity. It's considered a venture capitalist considered VC because there's very little collateral.” - Edmund Chien

“Buy assets privately because you get it at a better price. I'm a value investor so that's my philosophy; I'd rather buy assets at a better price. In public stocks or real estate income trust, you can’t control that.” - Edmund Chien   Connect with Edmund on LinkedIn and Instagram. Visit his website https://edmundchien.com    Let’s get connected!  You can find Nicole on LinkedIn, Instagram, or Facebook. Visit her website https://noirvestholdings.com    Do you want to build wealth for yourself and your family? You need THE LAUNCHPAD.

Ep 1 - When tragedy strikes, and we lose our bearings, can we say we’re fully and financially prepared? What happens when you leave this earth? What do you want to leave behind?    Welcome to the Share The Wealth Show! Where your host, Nicole Pendergrass believes that everyone can become financially successful. In this episode, Nicole shares her story on what led her into her financial freedom journey, her ethos on building wealth, and what you can look forward to for future episodes!     Tune and learn how to create wealth that will be sustained and abundant for generations to come!   ________________________________ FREE Discovery call for The Microfamily Investing Accelerator  https://calendly.com/noirvest/microfamilymavericks  ________________________________   [00:01 - 06:38] What Will You Do When Tragedy Hits? 

• Most people don't have a plan for when life hits them and why it’s too late to prepare when tragedy strikes 
• How a three-day seminar changed Nicole’s life and led her on a journey in pursuit of freedom
• Nicole’s main motivators and her mother’s hard work have influenced her path to financial freedom

  [06:39 - 16:44] Turning Finance Mistakes into Finance Lessons 

• Nicole talks about the multiple ventures she started and failed as well as the financial mistakes she’s learned from 
• Discovering house-hacking and how that changed everything 
• Despite many mistakes, Nicole persevered and was able to passively invest in larger multifamily syndication 
• How having a mentor benefited her immensely
• Learning and applying even controversial strategies

[16:45 - 19:58] The 3 Pillars of Building Wealth 

• Creating wealth through your job, business, or a side hustle 
• Growing your capital through investing actively or passively  
• Protecting wealth through life insurance policies, estate planning, trust, elder care planning, etc.

  [19:59 - 23:54] Stay Tuned for More!

• Why mindset matters more than you may realize! 
• Stay tuned for the awesome guests we’ll have on the show 

  Key Quotes    “The biggest thing is mindset. We really need to think about what we're doing and why we are doing it. Where did that come from – that information or that thought process that we have? Why is that part of our ethos today?” - Nicole Pendergrass   “Self-examination is one of the hardest things to do – You are your own impediment to growing and success… We let certain beliefs hold us back from moving forward because we don't realize that those beliefs are really shackles to our growth.” -  Nicole Pendergrass   “Building wealth is not a quick fix. Care about the journey. Don't expect immediate results.  But enjoy the journey and you will eventually become the person who you are supposed to be.” - Nicole Pendergrass 

Let’s get connected!  You can find Nicole on LinkedIn, Instagram or Facebook. Visit her website https://noirvestholdings.com    Do you want to build wealth for yourself and your family? You need THE LAUNCHPAD. Click here to learn more!      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...