Fiscally Fabulous® Podcast

A resilient journey is a powerful experience that builds strength and character through overcoming challenges. It's about learning from setbacks and becoming stronger. Embracing resilience helps people not just endure difficulties but thrive, inspiring others with the enduring power of human strength.

Today, we are fortunate to have Velma Knights. She will discuss her journey and insights about resilience while focusing on providing a blueprint for retirees looking to find a new sense of purpose or embark on an entrepreneurial journey. Don’t miss this exciting episode of Push Beyond Your Limits: Meet the Author Series with your host, Dr. Teresa R. Martin!

Quotes:

“Wellness is not a luxury, it's a necessity.” – Velma Knights

“Entertainment is something that you see. But fun is something you create.” – Velma Knights

“You can't rely on others for your happiness, you have to create it on your own.” – Velma Knights

Key Takeaways:

Consider wellness a non-negotiable in the art of living. It's not a luxury reserved for a few.

Embrace the power to create your own fun, for in those moments, you become the architect of your happiness.

Happiness isn't a gift from others; it's a garden you cultivate within yourself.

Highlights/Timeline:

[00:04] – Introducing Velma Knights

[01:19] – The Resilient Retiree

[05:02] – Finding joy in retirement

[11:43] – Rediscovering freedom, flexibility, and resilience in your golden years

Conclusion:

Embracing resilience in retirement is the key to navigating life's uncertainties with grace and adaptability. By maintaining a positive mindset, staying socially connected, and adapting to change, retirees can not only weather challenges effectively but also enjoy a fulfilling and resilient post-career phase of life.

Resources:

Learn more about Velma Knights on:

Becoming debt-free is a transformative journey that requires commitment and strategic financial planning. The first crucial step is creating a detailed budget to understand and manage existing expenses. With disciplined spending, consistent debt payments, and potentially exploring additional income streams, individuals can gradually eliminate debt, fostering financial freedom and paving the way for a more secure and stress-free future.

Today, we are fortunate to have Shanita Williamson, a co-author of the collaboration book “Push Beyond Your Limits”. She will discuss the strategies she implemented that empowered her to take control of her financial journey and set out on the journey to become debt-free! Don’t miss this exciting Fiscally Fabulous® Lifestyle episode of Push Beyond Your Limits: Meet the Author Series with your host, Dr. Teresa R. Martin!

Quotes:

“Learn to say no. If you don't need it, you don't get it.” – Shanita Williamson

“No matter what you went through what background you came from, you can make it a prime example.” – Shanita Williamson

Key Takeaways:

-      Mastering the art of saying no is key; if it's not essential, gracefully declining is a powerful tool for focused and intentional living.

-      Your past doesn't define your potential; irrespective of your background, you have the power to become a prime example of resilience and success.

Highlights/Timeline:

[00:09] – Introducing Shanita Williamson

[01:19] – Shanita’s debt-free strategy

[04:09] – Insights for financial liberation

[06:13] – Reclaiming control over your finances

Conclusion:

Taking charge of your finances and achieving a debt-free status can be achieved by having commitment and strategic planning. By creating a detailed budget, practicing disciplined spending, and maintaining consistent debt payments, individuals can gradually eliminate financial burdens.

Resources:

Technology isn't just a tool; it's a treasure trove of business potential waiting to be harnessed. Whether you're a seasoned entrepreneur or just embarking on your journey, embracing technology can be the game-changer you need.

Today, we are so fortunate to have James Thompson, a co-author in the collaboration book "Push Beyond Your Limits" and an expert in leveraging technology for business growth, to talk about the transformative power of technology. From demystifying complex tech concepts to breaking barriers in the business world, James has a wealth of knowledge to share with our audience. Don’t miss this exciting Fiscally Fabulous® Lifestyle episode of Push Beyond Your Limits: Meet the Author Series with your host, Dr. Teresa R. Martin!

Quotes:

"One of the things that I found out that I needed was, so when you reached the top in corporate, and now you're trying to come out and do your own thing, you have to find that balance there with your revenue or income." – James Thompson

"Even with yourself, you know, saw tremendous growth over the years. And working with you in technology, I see you jumping right into it. You can't fear; you have to embrace it." – James Thompson

"Getting on the internet is great, but let's face it, there are a lot of people that don't always have your best interests at heart." – James Thompson

Key Takeaways:

-      Balancing a transition from a corporate career to entrepreneurship can be challenging. Leveraging automation and technology can help you streamline your processes, save time, and scale your business efficiently, ultimately allowing you to pursue your dreams more effectively.

-      Understanding your technology requirements and effectively communicating them to your team is essential. You don't need to be a tech expert, but being able to convey your needs and goals is crucial for leveraging technology effectively.

-     Being an early adopter of technology can give your business a competitive edge. Stay up-to-date with the latest tech trends and be willing to explore how they can benefit your business. Embracing technology can be a catalyst for accelerated growth and success.

Highlights/Timeline:

[01:39] – How did James discover business in technology?

[06:12] – James shares his insights on the dynamic landscape where technology and business intersect

[09:47] – How does James assist people in navigating the vast world of technology?

[12:21] – James shares his principles to discover untapped potentials and uncharted territories through technology for business growth

Conclusion:

Innovation and technology are not exclusive domains but accessible tools for all. As entrepreneurs, regardless of gender or background, we have the power to break barriers and pioneer new frontiers in business. By staying engaged, embracing technology, and fearlessly claiming our seats at the table, we can shape the future of entrepreneurship and discover untapped potential on our journey to success.

Resources:

Collaboration mirrors the concept of "iron sharpening iron," embodying the idea that when individuals or teams join forces, they mutually enhance and grow. Just as iron sharpens iron, collaborative efforts entail the interchange of ideas, skills, and perspectives, refining the capabilities of each participant.

Today, we are fortunate to have Peta-Gaye Jamieson. She will be delving into the power of collaboration, emphasizing how collective efforts, shared knowledge, and strategic partnerships have not only fueled her individual progress but have also played a pivotal role in fostering a thriving entrepreneurial ecosystem. Don’t miss this exciting Fiscally Fabulous® Lifestyle episode of Push Beyond Your Limits: Meet the Author Series with your host, Dr. Teresa R. Martin!

Quotes:

“Collaboration is all about helping each other because you are bringing out something in me. I can do better, not only to do better but also to take my business to where it should be.” – Peta-Gaye Jamieson

“You can't be building a business with someone and not effectively communicate.” – Peta-Gaye Jamieson

“Trust and respect are two things that I think are very important.” – Peta-GayeJamieson

Key Takeaways:

-      Collaboration is a reciprocal process, unlocking the mutual potential to not only excel individually but also elevate our businesses to their rightful heights.

-      Effective communication is the cornerstone of building a successful business partnership, fostering understanding, synergy, and shared goals.

-     In any relationship or endeavor, trust, and respect form the foundation, serving as vital pillars for lasting connections and mutual success.

Highlights/Timeline:

[00:03] – Introducing Peta-Gaye Jamieson

[01:01] – The impact of collaborative growth

[04:44] – Fostering collaborative relationships

[09:35] – Achieving new heights with others

Conclusion:

The collaborative process, like the sharpening of iron, fosters heightened effectiveness, innovation, and the collective attainment of goals. Each participant contributes uniquely to the the overall success of the endeavor, reinforcing the notion that collaborative growth is a dynamic force driving advancement and accomplishment.

Resources:

Everyone desires to be successful in life and career. But many seem to struggle to navigate life’s challenges. So, what is the formula for success? Faith, focus, and finances–aligning your life in this trilogy can empower anyone to transform their life despite the adversities in life. With the right mindset, your dream to become successful is in your hands.

Today, we are blessed to have Natoyah Grinnon, founder and owner of Apex Global Properties, specializing in mortgage notes, tax liens, and tax deeds. She also has a chapter entitled “Faith, Focus, Finances:  Transformation Despite Life's Challenges” in the collaboration book Push Beyond Your Limits.  In this episode of Meet the Author Series, Natoyah will talk about how the trilogy of faith, focus, and finances helped her overcome her challenges as an entrepreneur. Join us to gain more knowledge about life and entrepreneurship!

Quotes:

“Aligning faith, focus, and financial strategies can empower themselves to transform challenges into growth opportunities.” – Natoyah Grinnon

“Entrepreneurship is filled with ups and downs.  But faith provided me the resilience that I needed to persevere when things got tough.” – Natoyah Grinnon

“Instead of letting fear of failure and uncertainty hold me back, I embrace the courage to take calculated risks.” – Natoyah Grinnon

Key Takeaways:

-     You must develop a mindset that seeks solutions rather than dwelling on the problems and believe that challenges are opportunities for growth and learning.

-     Women and business owners can be empowered by the synergy of faith, focus, and finances to have self-confidence, be productive, resilient, recognize their own strength, and have a strong financial foundation from which they can fuel the growth they need for both themselves and their businesses.

-     It is important to have a mindset of collaboration rather than isolation. Instead of trying to do everything alone, embrace partnership and mentorship. Learn that collaboration and networking are essential and will drive you toward success.

Highlights/Timeline:

[01:46] – How integrating the trilogy of faith, focus, and finances in your life can help you achieve goals?

[04:53] – How to transform challenges into growth by aligning faith, focus, and financial strategies?

[07:23] – Why aligning yourself to healing is important?

[12:19] – What inspires Natoyah to weave faith, focus, and finances in her chapter of the book?

[15:48] – What are Natoyah’s mindset shifts that enable her to transcend challenges and help create a success story?

[18:16] – Why should you shift into a mindset of collaboration rather than isolation?

Conclusion:

Aligning faith, focus, and financial strategies is the secret sauce to transforming challenges into growth opportunities. It's all about cultivating a problem-solving mindset, believing in the power of resilience, and having the courage to take calculated risks. Learn the value of collaborating with other people. Remember, challenges are your chance to learn and grow. Learn to have faith, stay focused, and manage your finances carefully. Doing so will fuel your growth and success. So keep up, take your time, and you will achieve your goals.

Resources:

Life is full of problems and unexpected events that can suddenly bring us down. Sometimes, life just throws curveballs at us, leaving us surprised and devastated. But that is part of our life. Embracing it will help change your mindset of the challenges you face. Rather than complain, stay positive, adapt, and learn from the setbacks–it will strengthen you as you go on your journey.

Introducing our guests, Sandra and Natacha Ferrari– speakers, coaches, real estate investors, the founders of Twin Investment Capital Group, and co-authors of the collaboration book “Push Beyond Your Limits”. Today, they will share their experience of managing sudden problems in life. They will also give strategies and advice on overcoming adversity and succeeding in your journey. Tune in this Fiscally Fabulous® Lifestyle episode Meet the Author Series to learn more.

Quotes:

“We have to stop blaming each other. The blame game has to end. And we have to get something right. ” – Natacha Ferrari

“In adversity, you always have to take a moment to stop and think, be flexible, and set goals. ” – Sandra Ferrari

“Embrace uncertainty, accept that setbacks are normal. That's part of life. Instead of fearing the unknown, focus on how you can adapt and learn from it.” –  Sandra Ferrari

Key Takeaways:

-  One of the most effective ways to deal with huge problems in life is to seek help. Don’t think you can do it alone. Otherwise, you will just be exhausted. Accept the fact that you need help from other people, and you will see how important it is.

-   Take a moment to readjust your thinking and priorities because adversities are opportunities. See setbacks not as a sign of failure but rather as opportunities for growth and a way to reinvent yourself.

-   Celebrate the progress that you’ve made, even if it is small because celebrating will make you feel to keep on going.

Highlights/Timeline:

[02:42] – How did Sandra and Natacha stand against all odds?

[05:44] – What strategies do you need to navigate adversities?

[09:00] – What inspired Sandra and Natacha to write a chapter in the book about the unpredictable nature of entrepreneurship?

[12:04] – How can you deal with unexpected setbacks in your journey?

[16:36] – How embracing setbacks can contribute to your success?

[19:59] – Why should you read the book Push Beyond Your Limits?

Conclusion:

Let's stop the blame game and start getting things right. Seek help when you need it; you don't have to carry the weight alone. Adversity is a chance to flex your adaptability muscles and set new goals. Embrace uncertainty and learn from setbacks, for they are the stepping stones to growth and self-reinvention. And remember, celebrating even small progress can fuel your journey forward. So, keep your chin up, stay flexible, and keep on going.

Resources:

Delays in one's journey are an inevitable and often frustrating aspect of life. These delays can manifest in various forms – from unexpected setbacks and obstacles to waiting for the right opportunity or timing. While they can be disheartening, it's essential to recognize that delays are not necessarily denials. They often serve as valuable teachers and opportunities for growth.

Today, we are so fortunate to have LaVonne Barksdale, co-author of the chapter "Delayed is Not Denied: My Road to Success in the collaboration book “Push Beyond Your Limits," sharing her insights on the importance of resilience and perseverance in the face of delays and setbacks. From her journey and experiences, Lavonne imparts valuable wisdom that reminds us all that delays may slow us down, but they should never stop us from pursuing our dreams and achieving success. Don't miss this exciting episode of the Fiscally Fabulous® Lifestyle Meet the Author Series with your host, Dr. Teresa R. Martin!

Quotes:

"I had to put myself on the back burner to make sure that my kids were taken care of because, at the end of the day, they did not ask to come here, I brought them here." – LaVonne Barksdale

"As long as you're still breathing, you still have the opportunity to get it done." – LaVonne Barksdale

"Just never give up. Don't second guess yourself, if those dreams stick with you throughout all the years when you're on a delay, then you just have to figure out what tools you need to get to that next step." – LaVonne Barksdale

Key Takeaways:

-      Sometimes, life throws unexpected challenges your way, causing delays in pursuing your dreams. Lavonne's story reminds you that it's okay to put your own aspirations on hold when necessary, especially when family and responsibilities demand your attention.

-      Life may require you to put your dreams on hold to prioritize immediate needs, such as providing for your family. It's important to understand that these sacrifices don't diminish your dreams but rather make them more resilient.

-      Delayed dreams can become even more meaningful when you achieve them, knowing that your accomplishments can inspire the next generation. Recognize the long-term impact of your actions and how they can empower your children and future generations to strive for their own dreams.

-     Patience is indeed a virtue, but it should be coupled with continuous effort and progress. Create a clear plan, set goals, and break them down into manageable steps. Consistently work toward your objectives, and celebrate each accomplishment, no matter how small.

Highlights/Timeline:

[01:53] – How did LaVonne turn her setbacks into success?

[06:32] – LaVonne shares a story of the importance of maintaining a mindset that allows for delayed goals

[10:06] – Why should readers read LaVonne's chapter?

Conclusion:

While delays may test our patience, they need not deny us our dreams. With unwavering determination, self-care, and the commitment to follow through on our promises, we can overcome setbacks and strive for a better future. Lavonne's story is a testament to the resilience of the human spirit and the power of perseverance. So, when faced with delays, remember that they are merely detours on the road to your ultimate triumphs.

Resources:

Picture a life free from financial stress, where careful planning and wise choices lead to security and peace of mind. In this worry-free scenario, you can fully enjoy each day, pursuing what brings you joy, unencumbered by financial concerns. With a solid plan, life's uncertainties become manageable, allowing you to focus on what truly matters.

Today, we are fortunate to have Dr. Lorie Nicholas, as a co-author in the collaboration book "Push Beyond Your Limits". She has an extensive background in counseling, teaching, and research and has presented at many conferences and conducted a variety of workshops and trainings. She is going to talk about strategies for managing stress and anxiety caused by financial management! Don’t miss this exciting episode Meet the Author Series of the Fiscally Fabulous® Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

“As a business owner, you should always be aware of the cash flow in and the cash flow out. You should know what your business is doing.” – Dr. Lorie Nicholas

“Implementation is key. It helps to just relieve the stress and anxiety when you have control of how you're managing your expenses.” – Dr. Lorie Nicholas

“Always prepare for the unexpected.” – Dr. Lorie Nicholas

Key Takeaways:

-      As a business owner, constant awareness of cash flow—both in and out—is crucial for informed decision-making and sustained business success.

-      Effective implementation of expense management not only provides control but also alleviates stress and anxiety, fostering a more secure financial environment.

-      Anticipating the unexpected is an important mindset for navigating life's uncertainties with resilience and preparedness.

Highlights/Timeline:

[00:30] – Introducing Dr. Lorie Nicholas

[01:45] – Strategies for a stress-free financial life

[04:18] – Financial education and stress management

[09:03] – How do you implement financial strategies?

Conclusion:

Being free from financial stress and anxiety leads to a more balanced and fulfilling life. It allows for greater enjoyment of daily moments and empowers individuals to pursue their passions without constant worry. Achieving financial stability provides the peace of mind needed to focus on well-being and a more authentic and meaningful existence.

Resources:

Understanding and managing one's credit score and financial profile is paramount in today's financial landscape. A good credit score, for instance, can unlock favorable interest rates on loans and credit cards with valuable rewards and even impact eligibility for housing and job opportunities. Individuals can take charge of their financial futures by attending conferences and classes to keep up with the ever-evolving scoring models, gaining the knowledge and confidence to successfully negotiate the complexity of today's financial system.

Today, we are so fortunate to have William Moore, a Certified Credit Counselor and Business Coach, to talk about everything you need to know about managing your credit and finances. From unraveling the intricacies of credit scores to exploring the significance of income diversity and assessing the potential of your assets. These tips are meant to help you with personal and business finances, giving you the knowledge and confidence you need to make it in the world of money. As you continue to learn about money and grow your business, remember that knowledge is the key to opening doors to opportunities. Don’t miss this exciting episode of the Fiscally Fabulous Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• "Understanding your score, a lot of times in the entrepreneurial space, people understand that you can actually, leverage yourself and fully endeavor all of your entrepreneurial dreams if you understand how to leverage your personal credit score."– William Moore
• "In the space of finance, people will have to learn how to separate the personal from their business."– William Moore
• "When you leave the GW5 conference, and you have a full understanding whether it was good, whether it was bad, or even ugly, you will at least leave with the competence of knowledge."– William Moore 

Key Takeaways:

• Paying your bills on time is non-negotiable. It's not just about financial responsibility; it's about demonstrating stability and reliability to potential investors and collaborators. Your ability to meet your financial obligations plays a significant role in your entrepreneurial journey.
• It's crucial to separate your personal finances from your business finances. What you do in your personal life can influence your business decisions and outcomes. Create clear boundaries and ensure that personal financial issues do not negatively affect your professional pursuits.

Highlights/Timeline:

[01:09] – Why is discussing the importance of understanding and leveraging personal credit scores important for William?

[04:14] – How can William help attendees understand the power of their personal credit score and how it impacts their entrepreneurial endeavors?

[13:55] – How important is it for one to believe in their own business?

[17:00] – William shares how people can build generational wealth through real estate

Conclusion:

The path to financial empowerment and entrepreneurial success begins with knowledge and understanding. Always remember that every step you take toward financial literacy is a step closer to achieving your goals. Embrace the opportunities to learn and grow, whether it's through conferences or expert guidance, and use that newfound wisdom to shape a brighter financial future. Your path may have its ups and downs, but with determination and the right insights, you can turn the complexities of finance into a powerful tool for your personal and business challenges.

Resources:

Learn more about William Moore on:

Building a brand map is like embarking on a thrilling adventure, a journey of self-discovery and strategic empowerment. Imagine having a treasure map that leads you to the heart of your brand's success, revealing hidden gems of clarity and purpose along the way. It empowers you to chart a clear course through the present and toward a prosperous future.

Today, we are so fortunate to have James Thompson to talk about everything you need to know about building a brand map. From understanding the core principles of brand mapping to discovering why it's a vital tool for business success, James will shed light on how this strategic blueprint can help you chart a course toward clarity, precision, and accelerated growth in your business. Don't miss this exciting episode of the Fiscally Fabulous Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• "You can't use the same marketing for real estate as you do for speaking. We don't want brand confusion; we want to be clear. The brand map gives you that professional look, helps you clarify your message, and sets your goals." – James Thompson
• "Brand mapping allows you to tap into opportunities you may have never seen otherwise. It helps you compare what you're doing with competitors and identify untapped opportunities or potential mergers." – James Thompson
• "Getting on the internet is great, but let's face it, there are a lot of people that don't always have your best interests at heart." – James Thompson

Key Takeaways:

• Understand the power of clarity in your business. Just as a brand map helps business owners define their messaging and offerings, you too should have a clear vision of your goals and what you offer. Don't scatter your focus; define your unique message and purpose.
• Prioritize organization and clarity in your endeavors. Like brand mapping, it's essential to organize your projects and understand the costs associated with them. Focus on one brand or goal at a time to achieve clarity and success.
• Know your business inside out. Just as a brand map requires a comprehensive understanding of your products, services, and marketing activities, and deep knowledge of your own skills, offerings, and strategies is key to success.

Highlights/Timeline:

[04:36] – Why does James create a brand map?

[12:38] – James shares how to build a brand map

[18:49] – What will James bring to the market to help men?

Conclusion:

Self-awareness, the ability to change, and learning new things all the time are often the keys to success. Creating a brand plan for your projects is only one step toward reaching your goals. Stay open to growth, learn as much as you can about your industry, and always be ready to change your plans. Your dedication to transparency and effectiveness will lead you to your desired success.

Resources:

Learn more about Dr. Teresa R. Martin on:

In the world of fashion, gadgets, and luxury goods, shopping can seem like a safe way to spend time at first. It's that exciting feeling when you walk into a store, see something new, and think about how it will change your life. At first, it might even make you feel better, giving you short-term happiness. But what if I told you that underneath this shiny surface is a complicated and often secret struggle? Like any other drug, shopping addiction can sneak up on you and hurt your financial, emotional, and mental health.

Today, we are so fortunate to have Janera Harvey, Director of Business Development at Carolina House, to talk about everything you need to know about overcoming shopping addiction. Janera will shed light on this complex problem and show us how to make better and healthier choices as shoppers. She will discuss the surprising links between shopping and financial success, other things people consider shopping addiction, and helpful ways to avoid impulse buying. Don't miss this exciting episode of the Fiscally Fabulous Lifestyle with your host, Dr Teresa Martin!

Quotes:

• "Do your homework and make sure you get in front of the right person who's going to help you and have the support. Shopping is not an easy addiction to overcome, but it can be done." – Janera Harvey
• "Mindfulness is so huge. Once you get that mental clarity and are honest with yourself, it spills over into your entrepreneurial life. You become clear, intentional, and direct with your vision." – Janera Harvey
• "Compulsive shoppers use shopping as a way to find comfort in dealing with inner battles. Understanding your shopping addiction type helps me when I work with you because I'll work with a bulimic shopper differently than someone who's compulsive." – Janera Harvey

Key Takeaways:

• If you suspect you have a shopping addiction, the first step is to acknowledge it. Denial won't lead to any progress.
• Understand that shopping addiction has various aspects, including behavioral, emotional, and financial components. Find a professional to address all these dimensions to ensure a comprehensive recovery.
• Practice mindfulness regularly. When making purchase decisions, ask yourself what will happen if you make the purchase and what will happen if you don't. This exercise can make you more conscious about your spending and your behaviors tied to spending.
• Understand that knowing your shopping addiction type is not about judgment but self-understanding. It helps you and those who want to support you tailor strategies that address your specific challenges and motivations.

Highlights/Timeline:

[01:44] – How does Janera determine if a person has a shopping addiction?

[05:47] – Janera shares the connection between addiction and financial success

[10:35] – What other instances can be perceived as shopping addiction?

[17:03] – How can a person avoid impulse buying?

Conclusion:

Self-awareness and being ready to ask for help and make changes are two of the most important parts of growing up. Understanding how complicated shopping addiction can be and the different ways it can show up is just one step toward a more satisfying and well-balanced life. Don't forget that it's never too late to start getting better, and with the right help and drive, you can get through any problem that comes your way.

Resources:

Learn more about Janera Harvey on:

Investing in tax liens and tax deeds is an intriguing avenue for wealth-building, known for its relatively lower risk compared to many other investment options, coupled with the potential for high returns. That being said, what are some of the key advantages of investing in tax liens and tax deeds that make them attractive options for entrepreneurs? Are there specific regions or areas that tend to be more favorable for these types of investments?

Today, we are fortunate to have Natoyah Grinnon, the Founder and CEO of Apex Global Properties, a company specializing in mortgage notes, tax liens, and taxes. She is going to be talking about tax liens and tax deeds, specifically focusing on how individuals can build wealth through these investment strategies. She will be sharing valuable insights on this topic, including tips and strategies for success! Don’t miss this exciting episode of the Fiscally Fabulous Lifestyle with your host, Dr. Teresa Martin!

Quotes:

• “You’ve got to develop a clear strategy for what you want, what your end goal is.” – Natoyah Grinnon
• “If you do not take action, it means nothing.” – Natoyah Grinnon
• “You want to make sure that you're making informed decisions where you can maximize your returns over time.” – Natoyah Grinnon

Key Takeaways:

• Developing a good and concise strategy is essential for defining your goals and achieving your desired outcomes.
• Taking action is the key to turning intentions into meaningful results.
• Maximizing returns requires informed decision-making for long-term success.

Highlights/Timeline:

[00:09] – Introducing Natoyah Grinnon

[02:02] – How to use investment opportunities to build lasting wealth

[05:42] – Navigating the intricacies of tax liens and deeds

[09:30] – Online auctions

[12:19] – Strategies for investing in tax liens and tax deeds

[15:35] – Comprehensive insights into investments

Conclusion:

Building wealth is a journey that requires careful planning, informed decision-making, and a strategic approach. Whether it's investing in tax liens and tax deeds, real estate, stocks, or any other avenue, the principles remain consistent. By developing a clear strategy, conducting thorough due diligence, and continuously educating oneself, individuals can navigate the complexities of wealth-building with confidence.

Resources:

Learn more about Natoyah Grinnon on:

Financial stability, often linked to generational wealth, is pivotal in determining family health. Wealth provides financial security, enabling better healthcare access and education. It leads to healthier lifestyles, improved nutrition, and lower stress levels. Inheritance and investments in health-related assets bolster this link. Moreover, generational wealth facilitates knowledge transfer about health practices, reinforcing the connection between prosperity and well-being.

Today, we are fortunate to have Jeannie Martingano, a distinguished expert in the realms of Hip Hop, dance, health, and fitness. As the driving force behind JeannieFit, she has established herself as a leading authority in promoting wellness through movement and music. She is going to talk about generational wealth and generational health and how these two go hand in hand! Don’t miss this exciting episode of the Fiscally Fabulous Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• “Life happens from us, not to us.” – Jeannie Martingano
• “When you are multitasking, but you do it mindfully, you are setting yourself up for success.” – Jeannie Martingano
• “What we all need is freedom.” – Jeannie Martingano

Key Takeaways:

• We are not passive recipients of life's events but active creators of our experiences.
• Embrace mindfulness as a valuable tool for achieving success in our daily endeavors.
• It is a fundamental human desire to have the liberty to make choices, pursue dreams, and live life on one's terms.

Highlights/Timeline:

[00:30] – Introducing Jeannie Martingano

[01:48] – The Connection Between Generational Wealth and Health

[03:32] – What is the F.A.M.E. Formula for Health and Success?

[05:27] – How Multitasking Enhances Productivity

Conclusion:

As we contemplate the road to a healthier future, it is important to recognize the pivotal role that generational wealth plays in this journey, providing not only financial security but also the priceless gift of health and vitality for generations to come.

Resources:

Learn more about Jeannie Martingano on:

In a world where new opportunities and problems always arise, do you ever wonder what it takes to succeed? The financial industry is evolving, and there's a growing realization that diversity is not just a matter of fairness but also a sound business practice. By encouraging women and minorities to work in finance, especially in private equity, and giving them the help and guidance they need to succeed, the business can have a brighter and more inclusive future. It takes everyone working together, and it starts with people who are willing to share what they know and clear the way for others.

Today, we are so fortunate to have Jasmine Willois, founder and Managing Director of The Note Assistance Program, talk about everything you need to know about the world of finance, particularly in private equity. From the challenges faced by women and minorities in the traditionally male-dominated world of finance to the transformation occurring within the private equity sector, the importance of sharing insights and knowledge becomes evident. Don’t miss this exciting episode of the Fiscally Fabulous Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• "Passive income is the secret to their success, and this is what I want to bring to our community." – Jasmine Willois
• "Think about investments like hotel buildings, multi-use properties, notes on high-value real estate – these are different from what you're traditionally offered." – Jasmine Willois
• "This space is out there, it's not overhead, we can get it; it's just a matter of people of our own backgrounds coming in, explaining to us how we can relate to it." – Jasmine Willois

Key Takeaways:

• Knowledge is power. Don't shy away from learning about topics that might be unfamiliar to you, especially when it comes to financial opportunities like private equity and alternative investments. Being informed puts you in a better position to seize opportunities when they arise.
• Building passive income streams can provide financial security and peace of mind. It allows you to focus on your passions and projects, ultimately contributing positively to your life and the world around you. So, consider how you can invest wisely to create passive income that will free you from constant financial worry.
• The world is changing, and opportunities that were once restricted are opening up. Be persistent in pursuing your goals, whether it's in private equity or any other field. Break through barriers with determination and confidence, knowing that progress is possible when you challenge the status quo and work together with like-minded individuals.

Highlights/Timeline:

[02:03] – How will Jasmine’s insights on Private Equity help empower GW5 conference attendees?

[04:03] – What are some alternative investments within private equity?

[06:53] – Jasmine shares insights on the private equity market from a unique perspective as a woman of color in the industry.

[11:07] – What are Jasmine’s tips on private equity exposure and survival strategies for underrepresented groups?

Conclusion:

Diversity and inclusion are not just buzzwords but the keys to unlocking a brighter and more equitable future for all. By embracing unique experiences, breaking down barriers, and fostering effective communication, we can collectively forge paths to success in any endeavor. Continue to learn, support one another, and ensure that tomorrow's opportunities are accessible to everyone, regardless of background or gender.

Resources:

Learn more about Jasmine Willois on:

Nobody had any understanding of marketing. They often think that marketing is all about advertising. But it goes far beyond that. Advertising is just a subcomponent of a marketing strategy. What marketing looks like in the digital age and with digital technology is significantly different.

Today, we are so fortunate to have Stefany Jones, a Certified Life and Business Coach to entrepreneurs and business owners across the US, to talk about exposure marketing and why that is the key in the digital age. Don’t miss this exciting episode of the Fiscally Fabulous Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• “What marketing looks like in the digital era is quite different. It's about traffic. Exposure and conversions are important. Even if you have a lot of traffic, you won't generate income for your company if people aren't converting. “

• “A lot of times, people don't understand that you have your brand, products, and services, but have you crafted your message for conversion according to the demands, the needs, and the desires of the market?”

 

Key Takeaways:

• Every business must use strategies for marketing to boost sales, define products or services, establish relationships with new collaborators or partners, attract new clients, nurture client loyalty, develop a brand and use the media to expand internationally.
• Bring your message; if you do, you'll leave with a conversion that has been created just for you.

Highlights/Timeline:

[01:55] - Dr. Stefany explains why people do not understand marketing

[05:11] - The difference between organic traffic vs. paid traffic

[08:33] - Mastering exposure marketing

Conclusion:

Businesses can use marketing to use promotional campaigns to promote brand awareness, engagement, and sales. Any business can benefit from marketing's strengths and expand its reach. Both the growth of your business and its revenue depend on marketing. To become an expert on marketing may take a lifetime. But to maintain reasonable expenses and great earnings, constantly improving what you're doing now is essential.

Resources:

Learn more about Dr. Stefany Jones:

Why is having a well-structured wealth plan crucial for achieving financial goals? How can crafting a strategic wealth plan help secure long-term prosperity and financial freedom? What key elements should individuals consider when devising a personalized wealth strategy to ensure it aligns with their unique objectives and aspirations?

Today, we are fortunate to have Ebere Okoye, the founder of The Wealth Building CPA, a skilled team of professionals with expertise in offering comprehensive financial solutions and strategies for both individuals and businesses. She will delve into wealth-building tactics, with a primary focus on formulating an individualized strategic wealth plan to cultivate abundance. Don’t miss this exciting episode of the Fiscally Fabulous® Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

“Take the time to go over your financial needs, analysis, time, talent, treasure, and money before finding a strategy that works so that you don't come back and say it didn't work for you.” – Ebere Okoye

“You need to work it out on paper first before you start implementing it.” – Ebere Okoye

“I would not be where I am today if I was not around a group of people who are like-minded, sharing the same information where you're able to.” – Ebere Okoye

Key Takeaways:

Prioritize a thorough analysis of your financial needs, skills, and resources before selecting a strategy to ensure its success.

Plan and document your strategies thoroughly on paper first before deciding on anything rash.

Surrounding yourself with like-minded individuals who share valuable information is crucial for personal growth and success.

Highlights/Timeline:

[00:05] – Introducing Ebere Okoye

[02:29] – How to craft a plan that aligns with your goals

[06:21] – Matching your strategy with your skillset

[09:39] – How to optimize your entity structure

[13:02] – How to maximize profitability through strategic operating agreements

Conclusion:

A well-crafted wealth plan is not just a financial roadmap; it's a blueprint for achieving your dreams and securing financial freedom. It empowers individuals to take control of their financial destiny, guiding them toward their goals with purpose and clarity. With a solid wealth plan in place, you're not merely chasing success; you're crafting it with intention and making your aspirations a tangible reality.

Resources:

Learn more about Ebere Okoye on:

Have you ever paused to ponder the immense power of your inner dialogue? In the big story of our lives, there is a quiet but compelling force: the voice within. Self-talk, or the quiet talks we have with ourselves, often goes unnoticed, but it is one of the most important things that shape our lives. The question is, are you aware of the profound influence it wields?

Today, we are so fortunate to have Linda Clemons, CEO of the Sisterpreneur® Inc. of Indianapolis, Indiana, to talk about nonverbal communication, sales, and corporate training. We'll delve into her insights on self-talk, generational wealth, and transformation. These subjects can profoundly impact our lives, helping us shape our mindset, build lasting prosperity, and embrace meaningful change. Don't miss this exciting episode of the Fiscally Fabulous® Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

"Your talk will impact your walk." – Linda Clemons

"I guarantee that once you hear the presentation, and you pick up one or two things if you don't come in different if you don't leave different, here's my guarantee: I'll give you your own life back." – Linda Clemons

"When you're able to read other nonverbal cues, it could take your communication skills to the next level." – Linda Clemons

Key Takeaways:

• Remember that your self-talk is critical. The person you trust and believe in the most is yourself, so be mindful of the words you use internally. Use positive affirmations and avoid self-defeating language to propel yourself towards success.
• Embrace the opportunity to learn and improve your communication skills. By understanding nonverbal cues and developing the ability to analyze situations and people, you can gain valuable insights and make more informed decisions in both personal and professional settings.
• Emphasize personal growth and learning. When you attend presentations or workshops, be open to new ideas and perspectives. Commit to making positive changes in your life based on what you've learned. Don't just attend; actively apply the knowledge to transform yourself.

Highlights/Timeline:

[02:13] – What could the audience learn from Linda at the GW5 Conference?

[03:14] – Linda shares why you should trust you and your voice the most

[07:35] – Why does Linda encourage people to attend the GW5 Conference?

[11:26] – What are some words of wisdom from Linda?

Conclusion:

Remember that how you talk to yourself has much power; it's your most reliable guide. Choose your words carefully, focusing on positive statements and avoiding words that bring you down. This will set you on the path to success. Change starts with a choice and lasts as long as you keep working. As you start down this road of self-improvement, may these life lessons be your guiding lights, showing you the way to a better and more fulfilling future.

Resources:

Learn more about Linda Clemons on:

Do you have a dream? Have you ever thought of your future? Do you know what to do and what you should look for in a relationship? If you think about it, you may initially believe that a relationship isn’t something you should consider for your career, business, dreams, or goals. However, if your partner isn’t in the same boat as you, it is probably not meant to be.

Today, we are fortunate to have Coach William Moore, a certified credit counselor, strategist, and coach. He is going to talk about his relationship with his wife, achieving dreams and goals, and a lot more. Don’t miss this exciting episode of the Fiscally Fabulous® Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• “If you don’t have a goal, then you guys are going to be in different places.” – Coach William Moore
• “Date night actually takes you away from the monotony of the business noise and gives you that couple time together.” – Coach William Moore
• “Identify the goals where you’re trying to go. You’re also not in competition. You don’t have to be the smartest and all that as long as you guys achieve, and you’re both going to win.” – Coach William Moore

Key Takeaways:

• As couples in business, you should at least know each other’s goals as well as have the same goals. 
• Date night gives you the opportunity to spend time with your significant other. Take it as a time to bond with them and avoid relating it to business.
• You should think of what your goal is. You also shouldn’t compare yourself with your partner or to others. The important thing is to achieve the dreams you’ve set and be happy with each other’s achievements.

Highlights/Timeline:

[02:43] How Coach Moore and Dr. Teresa met and how it is to be Married in Business

[12:09] The Important Thing to Focus on Being Married in Business

[15:13] Setting up Expectations in a Relationship

[22:41] How to be Successful Being Married in Business?

Conclusion:

Your partner should be included in your plans, goals, and dreams. Even if you are busy with your business, you should still make sure to spend time together. Aside from that, having a partner that is aligned with you is easier than having someone who is not. If you are in the same boat, then you’ll know how to work around each other. You’ll be able to understand each other. You’ll be together on your path to success.

Resources:

Learn more about Coach William Moore on:

In many industries, women have traditionally been underrepresented or even excluded altogether. However, in recent years, we have seen a rise in the number of women breaking down barriers and making significant strides in male-dominated fields.

Today, we are so fortunate to have Keesha Gibson, Founder of Gibson Consulting & Solutions, to talk about women in male-dominated fields. From the difficulties of being a woman in a male-dominated industry to the significance of female representation in leadership positions and navigating the dynamics of the workplace as a woman. Don’t miss this exciting episode of the Fiscally Fabulous® Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• “And I, as a professional, try to keep it on a straight, narrow path. It is a challenge, but I'm here to work with you, working together.” – Keesha Gibson
• “There's room for everyone; I tell our clients, find your space and where you fit.” – Keesha Gibson

Key Takeaways:

• Men have traditionally been in positions of power and control in the business world, while women bring a unique perspective and strengths to the table.
• Men and women shouldn't compete with each other in the working industry; rather, they should work together and support each other to achieve success.
• In business and life, it's important to strive for appreciation, respect, and fair compensation, regardless of gender.

Highlights/Timeline:

[03:09] – What are Keesha’s feelings about being in a male-dominated industry?

[07:02] – Keesha shares a story about an organization with a leadership typically run by men.

[13:05] – What is the difference between working with men and working with women in the work industry?

[17:21] – What’s important to remember in both business and life?

Conclusion:

Working in male-dominated professions poses unique challenges for women. Nonetheless, it is clear that women offer a unique and fresh perspective to the workplace, making them an asset to any organization. Men and women should not compete in the workplace; rather, they should collaborate and work toward a common objective. Everyone, regardless of gender, deserves to be valued, respected, and compensated equitably for their business and personal contributions.

Resources:

Learn more about Keesha Gibson on:

Are you having doubts about investing? You might be afraid to start your journey of investing in banknotes, especially if you are alone and you don’t have sufficient knowledge about the non-performing and performing mortgage notes. But if you are working with a team and in a community with your fellow investors, surely, your investing journey will be successful.

Today, we are so fortunate to have Jasmine Willois, distressed mortgage expert, keynote speaker, host & producer, and the president of The Note Assistance Program, talk everything about non-performing and performing mortgage notes. From the definition of non-performing notes, why you should buy performing notes, the note assistance program she offers, the importance of the trading desk, the meaning of inventory, and how you can become the bank. Don’t miss this exciting episode of the Fiscally Fabulous® Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• “The difference between my program and many other programs was that we focus on modeling. That's how I learned, so everyone learns differently.” – Jasmine Willois
• “Non-performing loan is simply a mortgage that's not being paid. That being said, the reason you buy performing notes is to collect someone's payments for the next 20 to 30 years” – Jasmine Willois
• “Trade desk is where we get our inventory. One of the unique things about our community is that we deliver inventory to you every month. We send you to inventory to your mailbox once a month, and that is nationwide from New York all the way to Hawaii.” – Jasmine Willois

Key Takeaways:

• Jasmine becomes successful in modeling programs. As such, the service she offers focuses on modeling. This includes immersing you in a community that is a group of experienced investors nationwide. This will help you to learn about notes, get the right mindset, and earn profits.
• Truth in Lending tells you if you borrow this amount of money at this rate for this number of years, you’ll usually spend a return of 200% or more. We want to get some of that profit into the hands of our investors because the performing note is capturing that income, which is passive income at its greatest.
• Having your inventory delivered monthly is crucial for deciding what assets and returns are going to fit your portfolio best because you need to know what you want and be prepared to get it.

Highlights/Timeline:

[03:45] – How did Jasmine begin in the alternative secondary mortgage market?

[06:45] – What are non-performing notes?

[13:01] – Jasmine explains what her Note Assistance Program is

[14:41] – Why is learning about the trading desk important?

[15:42] – What is the inventory?

[18:08] – Jasmine elaborates on what paper is and it's different types

[20:50] – Connect with Jasmine and become the bank

Conclusion:

Mortgage note investing is sophisticated, and you need to have the knowledge if you want to win the game. It also becomes hard, particularly if you are alone. So having a team to lean on and a community where you can learn is crucial. To begin, you have to understand what non-performing and performing note is. A non-performing note is just a mortgage not being paid. You want to shift that non-performing note into a performing note because you want to collect their payment and capture the income. In this way, you can start to earn profit and be the bank.

Resources:

Have you always wanted to be an entrepreneur? Are you tired of dealing with the corporate world? Do you want to switch careers? Becoming an entrepreneur doesn’t happen overnight. It takes time. It should be properly planned out, and you also need to strategize. 

Today, we are fortunate to have James Earl Thompson, a business automation strategist. He is going to talk about his journey to success, particularly how he switched from being in the corporate industry to becoming an entrepreneur. Don’t miss this exciting episode of the Fiscally Fabulous® Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• “When I go into something, I always have a clear vision and make sure it’s something that I can achieve.” – James Earl Thompson
• “There are distractions that you deal with, but you always have to keep your eyes on the end.” – James Earl Thompson
• “We always want to have a plan. We always want to make sure we have a mentor and coaching plan. Strategy is everything. If you have that strategy in place, you will know when the time is right.” – James Earl Thompson

Key Takeaways:

• It’s best to have a vision of what you want. This can also help motivate you during your journey. You should also ensure that it is something achievable.
• During your journey to success, there will be distractions. There will be things that will slow you down. This is why you should keep your goal in mind and think of why you started it in the first place.
• In life, it is essential to have a plan and a strategy. These will help guide you in your path. 

Highlights/Timeline:

[02:59] James’ Journey from Corporate America to being an Entrepreneur

[04:33] The Challenges James Faced During the Journey

[12:47] James’ Exit Strategy

[14:47] How to Handle Distractions

[23:09] Closing Remarks

Conclusion:

Switching careers isn’t something that you decide to do overnight. It is something that you should think of carefully. It isn’t something that happened all of a sudden, but rather something that you should make a plan for and strategize. It takes some time and effort. Not everyone became successful in just one day. There will also be distractions on your path, so make sure to focus on your goal.

Resources:

Learn more about James Earl Thompson on:

Real estate is a lucrative industry that offers countless opportunities to those who are prepared and equipped with the right knowledge and tools. From understanding the importance of having a strategy, niche, and market to building a power team and developing the mindset of a successful investor, However, getting started in the world of real estate can be daunting and overwhelming, especially for beginners.

Today, we are so fortunate to have Coach William Moore, a seasoned financial expert Certified Credit Counselor & Business Coach to talk about everything you need to know about the importance of proper credit management, and how he uses his expertise to help individuals and small business owners establish and maintain healthy credit practices. Don’t miss this exciting episode of the Fiscally Fabulous® Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• “Can you duplicate what you've done? Because if you can duplicate that now, you can start leaving legacies.” – William Moore

Key Takeaways:

   - Knowing your strategy, niche, and market is crucial in real estate investment.

- Building a powerful team of professionals, including real estate agents, attorneys, and accountants, can provide valuable insights and support.

- Being a doer first and gaining experience is essential before taking on leadership roles.

- Real estate investors are created by taking action and gaining experience in the market, which can lead to the potential for multiplying investments.

Highlights/Timeline:

[02:16] – What were some of the typical inquiries William received about real estate?

[09:46] – What is the best process and feature to become a successful real estate investor?

[14:19] – William discusses how everything is now accomplished virtually through a variety of digital networks.

[16:27] – What is the importance of having an investment property?

[21:48] – How to get in touch with William Moore?

Conclusion:

In conclusion, real estate can be a profitable venture if approached with the right strategy, niche, and market. It's crucial to have a power team in place and to focus on being a doer first before aspiring to be a leader. Investing in real estate requires knowledge, patience, and the ability to take calculated risks. However, with dedication and the right mindset, anyone can become a successful real estate investor and multiply their portfolio over time.

Resources:

Learn more about William Moore on:

Most people use their personal credit in their business. This is a blunder because if your business goes down, so does your personal credit. Also, people think that the only way to get financed with business credit is through the bank, which is a mistake since there are other better options to choose from. Aside from that, people just don’t have the knowledge of how to establish business credit properly. If you are trying to get financing, acquire a line of credit, or obtain a credit card, you need knowledge of business credit to get into the game.

Today, we are so fortunate to have Coach William Moore, a Certified Credit Counselor & Business Coach to talk about everything you need to know about business credit. From the problem of not getting a business card, the importance of credit monitoring, what true business credit is, vendor trade lines, and getting business credit and stopping leveraging personal credit. Don’t miss this enlightening episode of the Fiscally Fabulous® Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• “You always want to know what's going on. Because whatever you do in life, you want to monitor it.” – Coach William Moore
• “Get yourself on the map. Have a business bank account, telephone number, and an office.” – Coach William Moore
• “You want to inspect what type of businesses you've had, and your ability to pay back. Because in business you only get one shot.” – Coach William Moore

Key Takeaways:

• Credit monitoring is important to know who’s reporting and who’s not. Especially in business to ensure they are reporting your trade lines.
• To be a full fledge business, you need things like a business bank account to be recognized. Since this is a part of having a business, you’ll need to set it up.
• It is important to establish your Paydex score, especially in business where you only have one main task, which is to pay your bills on time. As such, inspecting your business and your ability to pay are important, so you can ensure that you can pay on time and eventually have a high Paydex Score.

Highlights/Timeline:

[03:04] – William’s background in personal and business credit

[03:56] – The biggest problem with not getting a business credit

[6:25] –  What is true business credit?

[12:43] – Coach William explains what having a 5 to 1 0 vendor trade line mean

[13:58] – Coach William talks about establishing the Paydex score

[15:47] – What do you need to start getting business credit and stop overleveraging personal credit?

[22:05] – Connect with Coach William Moore

Conclusion:

True business credit gives you the power to get financing, a line of credit, and a business credit card. If you want any of those, you’ll need to have a high Paydex score, which you can increase by paying your bills earlier or on time. That’s why inspecting your business and your ability to pay is a must. Monitoring both your business and personal credit is also crucial to have easy financing. Lastly, you need to ensure your business is on the map, meaning that you need to have a business bank account, telephone number, and an office.

Resources:

Learn more about William Moore on:

Do you know how to be successful in managing a small business? Oftentimes, people fail because they don’t have cash flow and they offer useless products or services. But the main root of the problem is that small businesses don’t have a business plan. You might think it is boring to create a plan, but having a business plan will be the key to a successful business journey.

Today, we are so lucky to have Keesha Gibson, owner of Gibson Consulting & Solutions, LLC to talk about the biggest challenges when legitimizing a business, why having a plan and a goal is important, the way to get funding, and the benefits of working with experts. Don’t miss this exciting episode of the Fiscally Fabulous® Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• “What we suggest is that you just write down your ideas, and then think about how you're going to get there, step by step.” – Keesha Gibson
• “Have your goals set, and tweak it, it's a living document, goals don't have to be written in stone.” – Keesha Gibson
• “You don't need funding right away, you need to sell something first.” – Keesha Gibson

Key Takeaways:

• Most small businesses don’t have a business plan which is the main cause of failure. So. sit down, write down your ideas, and think about how you can achieve them through a step-by-step process.
• On your business journey, it is important to set a goal to attain. But remember that it doesn’t have to be permanent because things can change.
• To get funding, you need to sell first. Selling will be your way to get funds that you could use to continue your business.

Highlights/Timeline:

[03:31] – What is the biggest challenge when legitimizing a business?

[06:08] – Importance of having a plan and a goal

[13:46] – What are the ways to get funding?

[15:55] – Keesha shares a story of her client trying to get funding

[17:34] – Benefits of working with experts

[18:51] – Why is it best to own than operate a business?

[22:40] – Connect to Keesha and her Company, Gibson Consulting & Solutions

Conclusion:

There are numerous small businesses that open each month, but at the same time, there are also many small businesses that close.  The main reason for this is that they don’t have a business plan. Having a business plan is crucial to be successful in business. Planning provides an elaborate path to achieve each goal you have in order to slowly build your business. It also gives you the time to be prepared for any challenges your business face. So if you want to be successful in business, create a business plan, that’s the key.

Resources:

Learn more about Keesha Gibson on:

Thinking of implementing cutting-edge technology solutions for your company? Did you know that there are numerous sorts of automation, according to Business News Daily? The most crucial factor for small enterprises is repetition. You should consider automation when you discover a task that you perform frequently and adds value. Thanks to COVID-19, records kept by small enterprises, most of their clientele has been retained even when they are not physically present!

Today, we are so fortunate to have James Earl Thompson. James has a plethora of experience in creating corporate direction, goal attainment, team building, and the implementation of business process changes. He trains managers on how to successfully lead their teams through his courses and workshops so that they can keep working toward their objectives on their own. Today, he will talk about how you can automate your business! Don’t miss this exciting episode of the Fiscally Fabulous® Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• “You have to know the process to lead your team or to hire it out to someone else.” – James Earl Thompson
• “When you have small business owners, entrepreneurs, we have to learn what our mission is.” – James Earl Thompson
• “We always want to appear professional. We must make sure we are always in control of the areas we need to be in control of.” – James Earl Thompson

Key Takeaways:

-     Knowing the processes like the back of your hand is key to a successful business.

-     As a business owner, you must have a clear idea of what your goals are. Your missions define who you are as a company.

-     Entrepreneurs must be professional. Always make sure you are in control to prevent certain mishaps.

Highlights/Timeline:

[03:59] – What makes James an expert on business automation?

[07:53] – What is the biggest misconception regarding automation and small business owners?

[13:39] – What solutions does automation provide for entrepreneurs?

[15:33] – How should you manage your business accounts?

[23:08] – James’ Pearls of Wisdom

Conclusion:

Automating your business is a huge step in the right direction for any company, small or big. This is especially true in the present day when most people are more cautious in going outdoors due to the restrictions caused by the pandemic during the past couple of years. Technology as well as society will always be evolving, so you as a business owner and as a company must try your hardest to be “in with the new” lest you risk yourself and your business being left behind the times.

Resources:

Learn more about James Earl Thompson on:

Starting a business is an exciting venture, but it also comes with its own set of challenges. One of the biggest obstacles for new business owners is securing financing to get their company up and running. While personal credit is important, establishing business credit can be just as crucial for obtaining the necessary funds to grow and sustain a business.

Today, we are so fortunate to have Coach William Moore, a seasoned financial expert, Certified Credit Counselor & Business Coach to talk about everything you need to know about the importance of proper credit management, and how he uses his expertise to help individuals and small business owners establish and maintain healthy credit practices. Don’t miss this exciting episode of the Fiscally Fabulous® Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• “Your SSN, your Social Security Number is how they find you. But your credit score is how they define you.” – William Moore
• “Most people don't have a ton of actual wealth conversations. But these are the type of conversations that couples need to have.” – William Moore
• “We have commercialized credit. You can get it anywhere, but the thing is you're not teaching me how to use it.” – William Moore

Key Takeaways:

• A good credit profile is essential when negotiating with banks, vendors, and other companies. It gives you leverage to secure favorable terms and rates.
• Many people are not aware of their FICO credit scores or don't understand how they are calculated. It's important to know your credit score and monitor it regularly.
• Your credit score affects many aspects of your life, including your ability to get loans, credit cards, and even rent an apartment. Improving your credit can lead to better financial opportunities and a better quality of life.
• Working with a certified credit counselor or business coach can help you understand and improve your credit profile, ultimately leading to better financial stability and success.

Highlights/Timeline:

[04:11] – How did William start in personal and business credit?

[06:39] – How does a person's credit limit impact their daily lives?

[13:33] – What is the correlation between couples and credit score?

[15:40] – What are some frequently asked questions William is asked about credit?

[18:48] – William tells a story in an effort to reach out to more individuals.

[22:37] – How to get in touch with William Moore?

Conclusion:

A good credit history can assist business owners in creating the enterprise of their desires. Entrepreneurs can access more funding, get better terms on payments, and improve their odds of success by building a strong business credit profile. The ability to obtain loans and financing can be impacted by personal credit ratings, so it's important to keep them in good standing. The success and expansion of an entrepreneur's company can be significantly impacted by taking the time to comprehend and manage both business and personal credit scores.

Resources:

Learn more about William Moore on:

There are many assets that brag about their cash flow, but is it reliable? The majority of entrepreneurs have a unique possibility to discover comfort in note investing. Today, we have Jasmine Willois, to talk about recession-proof investing, how can you expand your business with an honest educational lens, the truth about secondary mortgage market investments, and Jasmine’s personal experience in note investing. She recognized the significance of mortgage notes as a type of real estate investing and how, if more people and families knew about it and how to do it, it could help them gain more control over their time and money and reach their goals faster. Tune in to this knowledgeable episode of the Fiscally Fabulous® Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• “What if the guy stops paying his mortgage? That's a risk. You have to have the tools and the resources that the big banks have to mitigate and also save and continue to make that profitable.” - Jasmine Willois
• “With a traditional IRA or 401k, if you are currently working with an employer, that money is to be invested with them and will be used on their platform. Once you leave the employer, you will be able to take any leftover funds and roll them over to a different platform.” - Jasmine Willois
• “I used to be a landlord myself, and I just had to get away from it. The tenants, toilets, trash, we all know about it. You start off with a 13% return and after expenses, you're looking at 8%. The note business allows me to avoid all of that.” - Jasmine Willois

Key Takeaways:

As long as you know how to manage risk, you can bring them to Jasmine.

Invest in real estate or any variety of things in the alternative space that you can get involved with, mortgage notes are considered an alternative.

If you look at a note, and it's something that's returning X amount of return, you're typically going to see that and if anything dips, you're going to have tools to mitigate that and get it back up and running.

Highlights/Timeline:

[3:06] - How did Jasmine start in Mortgage Note Investments

[4:01] - What makes Jasmine an Expert in this area

[5:09] - Self-Directed Individual Retirement Account 

[6:35] - Who are the best people to come over and start investing in mortgage notes?

[7:13] - Pitfalls in investing in mortgage notes

[11:39] - What is Recession Proof Investing?

[14:13] - A mission to create generational wealth

[20:00] - Tips for you to get started

Conclusion:

Jasmine set out on a mission to provide knowledge, practical tools for putting it into practice, and access to the best resources. She established a proven proprietary approach to train and guide business owners on how to purchase non-performing mortgages from giant banks and hedge funds and turn them into productive assets. She established a trading desk with the same inventory that banks use, but it is available for consumers to deposit into educational or self-directed IRA accounts.

Resources:

Learn more about Jasmine Willois on:

Have you ever thought of scaling your business? Have you considered starting a non-profit organization? What are the things you need to think about if you’re planning to start a non-profit organization? Incorporating your nonprofit creates legal protections that can keep you and your board's personal assets separate from the company's liabilities. But what should be the main reason for starting a non-profit organization?

Today, we have Keesha Gibson, CEO of Gibson Consulting & Solutions to talk about increasing levels of engagement and retention, responding to organizational needs, developing fundraising plans, and setting a path to growing non-profit organizations on the business side. Keesha started working in and out of non-profits 25 years ago. She held several positions from outreach programming to executive director to also a board member in non-profits. Tune in to this knowledgeable episode of the Fiscally Fabulous® Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• “Find which organizations are doing the type of work that you have a passion for, and reach out to ensure that whatever service and product you're offering to that non-profit is aligned with their mission and the activities that they're doing.” - Keesha Gibson
• “Entrepreneurs have the misconception that forming non-profits entitles them to grants. But how does it fit in with what they're doing with their other businesses?” - Keesha Gibson

Key Takeaways:

• It is beneficial for people to collaborate because the type of work and experience you bring as a for-profit into a non-profit helps them not financially but in time. That is something they could incorporate into their growth strategy.
• You must consider these questions; How will you ensure that one is long-lasting? That's the difference between for-profit and non-profit: for-profit, you're making a profit, and for non-profit, you have to make sure it's sustainable. How are you planning to raise funds? You have to come up with alternative ways to raise funding for your non-profit.

Highlights/Timeline:

[03:24] Experience with non-profit organizations

[05:36] A non-profit business

[08:51] Number one offender of non-compliance

[16:29] How can a for-profit company partner with a non-profit company?

[17:24] Get in touch with Keesha

Conclusion:

Starting a non-profit organization can be an inspiring way to give back to your community and support those in need. However, before proceeding, it is critical to understand all of the steps involved in this process. Growing and sustaining a non-profit can take years of hard work and determination. According to Keesha, starting a non-profit organization is based on passion, based on how you feel about the community and wanting to help the community. But for the most part, a lot of non-profits start without being in compliance.

Resources:

The minority of the entrepreneurial industry is a mess. Compared to non-minority businesses, they are generating less than 50% of their profit. This may give you ideas and make you think, "What did I do wrong?". These companies are unable to keep up with the majority due to various reasons.

Today, we are so fortunate to have Dr. Stacie NC Grant. She is the founder of Destiny Designers University, which is a training and development platform dedicated to Faithpreneurs. In this episode, we will be talking about business profitability, focusing on the challenges that minority entrepreneurs are experiencing. We will discuss the challenges, what possibly caused them, and the possible solution. Don't miss this exciting episode of the Fiscally Fabulous Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• "Education can change and fill the void that we see happening with minority businesses." – Dr. Stacie NC Grant
• "Ask for help not because you're weak; ask for help because you want to remain strong." – Dr. Stacie NC Grant
• "There has to be some added value that you're bringing to the table when you talk about collaboration." – Dr. Stacie NC Grant
• "No matter where you started, or how you started, it takes time to go through and look at the best structure for your business." – Dr. Stacie NC Grant

Key Takeaways:

- Minority businesses experience various challenges due to a lack of training and understanding.

- When it comes to collaboration, both parties must have something to bring to the table. Both parties should have their part.

- It takes time in order to figure out what's best for your business. You should be able to grow together with your business.

Highlights/Timeline:

[04:43] – How did Dr. Stacie start in the industry?

[07:13] – Challenges of Minority Business Owners

[11:34] – Common misunderstandings with collaboration

[15:21] – Solution to the Problem of Minority Entrepreneurs

[19:38] – How can people benefit from working with Dr. Stacie?

Conclusion:

A minority of businesses are encountering problems when it comes to their revenue or profits because of the lack of knowledge and training about it. This is why it is important to know all the key factors that you need. It is not wrong to ask for help because this shows that you are eager to improve and open to growth. Before starting anything up, make sure you have everything you need and learn from the mistakes you'll face along the way.

Resources:

Learn more about Dr. Stacie NC Grant on:

Do you desire to enter the world of multifamily real estate investing? Many people hesitate to invest because they think it is out of reach. On the other hand, other people want to but don’t know where to start. Plus, the extensive process it has really is discouraging. However, with the proper knowledge, strong courage, and a team to help, you can reach it eventually.

Today, we are blessed to have Sonya Rocvil, the Principal and Founder of Bedrock Real Estate Investors, a privately held real estate company expert in multifamily apartment acquisitions and asset management to talk about everything you need to know about multifamily investing. From the importance of having a team, the primary problems when starting to invest, the solution her company provides, and the benefits you can gain from it. Tune in to this knowledgeable episode of the Fiscally Fabulous Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• “I always knew the importance of teamwork and being on a team. But I really learned how important a team is in order to scale your business.” – Sonya Rocvil
• “Real estate is risky, but so does everything you do.” – Sonya Rocvil
• “The best advice that I've received in real estate is, don't be greedy. ” – Sonya Rocvil

Key Takeaways:

• Building a team is critical in real estate investing. You might do it alone, but having a group or partner can take you much farther.
• Every action you make in life comes with a risk; all you have to do is do all you can to identify the risk and limit it as much as possible.
• Not being greedy helps Sonya a lot, and it makes her always think about her investors, people who are living in the property, her partners, and when making decisions.

Highlights/Timeline:

[02:58] – How did Sonya begin in the multifamily investing industry?

[04:58] – Sonya shares her learnings during her journey

[07:18] – Sonya talks about the problem when starting real estate investing

[11:53] – How did Sonja manage to continue her career

[13:11] – How Sonya provides a solution for people to start investing?

[17:10] – What is the best advice Sonya has?

[22:07] – Do you need money or credit when getting involved in real estate investing?

Conclusion:

Multifamily investment is a wonderful method to earn substantial profits. Nonetheless, individuals are constantly concerned about the risk. If you are one of such people, keep in mind that everything you undertake in life comes with risks. Therefore don't be afraid snd think about the advantages of investing. To begin, remember that knowledge is power, so gather as much information as possible before investing. It is also vital to put together a team of individuals you know and trust, as well as engage with operators that are truly committed to delivering outcomes for their investors.

Resources:

Learn more about Sonya Rocvil on:

Effective property management can be one of the most effective methods to reduce risk and gain an advantage. So, how precisely does that look? For many, property management is more important than the land itself, particularly for real estate investors who own numerous properties in various markets nationwide. Property administrators enable passive real estate investing. A competent property manager is worth their weight in gold. 

Today, we are so fortunate to have Paul Bodley, Founder and Educating Consultant of New Blue Skies LLC, to talk about everything you need to know about the problem of code enforcement in real estate investing and taking property in your name and from tackling various issues in real estate management, making sure to abide by the code enforcement and the solutions for real estate management. Don't miss this exciting episode of the Fiscally Fabulous Lifestyle with your host, Dr. Teresa R. Martin! 

Quotes: 

• "Especially when you're an inner-city kid growing up, nobody tells you how to buy the Real estate." – Paul Bodley 
• "If you're renting a property, you're responsible for that upkeep and making sure that everything is up to code, safe, and a habitable place." – Paul Bodley 
• "Real estate investing is a good vehicle for people to make and increase their income coming in without having to get a second job." – Paul Bodley 

Key Takeaways: 

• A suitable location for real estate is below the top of the line, but you want to ensure that the property has a good enough value that impresses people. 
• If a real estate owner doesn't have on-the-ground property management and makes sure that that property management is aware of the code enforcement laws, then they could run into an issue. 
• If you are an investor out of state and you're not in your current locale, you don't want to be seen as an investor in the business for the profits. You want to make sure you have ties to the community and are trying to improve the community. 

Highlights/Timeline: 

[02:15] – When did Paul start in the real estate industry? 

[03:44] – Paul shares a story of how people didn't teach him about acquiring a property 

[05:09] – What is Code Enforcement? 

[09:05] – Who are the common people affected by Code Violation? 

[12:37] – Why have previous profitable real estate investing methods been ineffective? 

[15:02] – What solutions does Paul have for people looking to use real estate? 

[17:06] – Paul shares an example of an impact that he learned the hard way related to Code Enforcement 

[20:11] – What's the worst advice Paul has received related to real estate? 

[21:32] – How can people benefit from Paul's solution, and how can people reach out?

Conclusion: 

Good property management is one of the essential aspects of real estate ownership. If a rental is managed correctly, the tenant probably will stick around for a short time. Every time there is a tenant turnover, you, the proprietor, lose money. You'll get your money's worth if you locate a good property manager.

Resources:

Learn more about Paul Bodley on:

Do you want to have a job? With the rise of the unemployment rate, it is now more challenging to find a job to work on, especially for teens needing more experience and knowledge about applying for a job. They can’t know what they should be doing without anyone to teach them, most notably when the employer interviews them. Any mistakes they make during the interview will affect their employment chances.

Today, we are so fortunate to have Pamela Bodley, the founder of PB Initiatives LLC, talk about job interviewing strategies for teens. She will be tackling the common misunderstanding between teens and jobs, the effective solution she provides, and things you need to remember to ensure your chances of being employed. Don’t miss this compelling episode of the Fiscally Fabulous Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• “There's a lot of nuances about job interviewing that teens just don't know because they don't know what they don't know. So they need someone to teach them.” –  Pamela Bodley
• “Employers are looking for enthusiasm. They want employees with personality, so smile, don't be afraid to show your personality.” – Pamela Bodley
• “When you have a job. Your friends and family are customers that happen to be friends and family. They don't come in as friends and family. So just remember that when you are in a job, if you put extra fries on that bag and you get caught, you just say goodbye to your job. So have integrity on the job, do what's needed and go above board and do things that you know need to be done and never say that's not my job.” – Pamela Bodley

Key Takeaways:

• Teens lack experience, so they often don’t know about things. Thus, having someone to teach them is necessary for them to move forward.
• One of the things employers look for is the person’s character. They want an employee that will do the job enthusiastically, so smile and show them who you are.
• Teens must remember that they must treat their friends and family like customers on the job. So special treatment for them is a no. They need to have integrity and do the things they need to.

Highlights/Timeline:

[03:04] – Pamela shares the story of how she started in the industry

[05:25] – What makes Pamela an expert on job interviewing strategies?

[07:29] – The affected area when teens don’t have jobs

[11:20] –  What common misunderstandings are associated with teens and jobs? 

[15:32] – How Pam provides the solution for the teens?

[17:23] – Pamela talks about the story of how she successfully helped teens

[20:35] – What are Pamela's best lessons from her struggles?

 Conclusion:

Everyone wants to get a job. With the rise of global product prices, having a job and earning a stable income is necessary, especially for teens who want to help their families and be independent. But applying for a job as a teen is difficult because they don’t know things. As such, having someone to teach them is crucial for them to know the do’s and don’ts during a job interview. Kids are the future. Adults need to guide them and monetize their talents and skills. Help them expose their talents and ensure that they can profit from their passion.

Resources:

Learn more about Pamela Bodley on:

LinkedIn: https://www.linkedin.com/in/pbodley/ 

Website: https://pamelabodley.com/ 

Learn more about Dr. Teresa R. Martin on:

Have you always wondered how to manage your finances but are clueless about where to start? Financial literacy is an essential aspect of our everyday lives that we need to understand and hone in. People always get victimized by making wrong financial decisions because they don’t know how to manage their finances—budgeting, saving, investing, and even borrowing money! 

Today, we are so fortunate to have Heather Aiello, CEO and Founder of the National Association of Certified Credit Counselors (NACCC) talk about everything you need to know about managing your finances. From tackling various issues on financial management, making wise financial decisions, how credit scores are derived, and the sad reality of our educational system not teaching students personal finance management at the early stage of our lives. Don’t miss this exciting episode of the Fiscally Fabulous Lifestyle with your host, Dr. Teresa R Martin!

Quotes:

• “There’s a lot of misinformation. Consumers don’t know that they have rights.” – Heather Aiello
• “There’s a lot of good consumer protection laws in place. And if they know what they are, knowledge is power.” – Heather Aiello
• “Getting on the internet is great, but let’s face it, there are a lot of people that don’t always have your best interests at heart.” – Heather Aiello

Key Takeaways:

• The lack of financial literacy is rooted in our educational system not teaching high school students about personal finance.
• Various consumer protection laws are in place to help consumers deal with companies threatening them during a collection call, like the Fair Debt Collection Practices Act.
• There’s a paradigm shift in solving financial literacy problems. Consumers don’t look for a coach to make financial decisions for them but only guide them in teaching principles, theories, and concepts so that they make decisions for themselves.

Highlights/Timeline:

[05:35] – How did Heather kickstart in the financial literacy industry?

[08:09] – Heather shares a story of she got creative in a seminar full of people who don’t speak English

[13:50] – Who gets affected the most by the lack of financial literacy?

[15:52] – What are the common misunderstandings associated with personal finance?

[22:35] – Why has previous methods of solving financial literacy been ineffective, and what’s the paradigm shift from financial counselling to coaching?

[25:38] – What did Heather learn from her struggles?

[28:43] – How do you become a financial coach?

Conclusion:

Financial literacy is more important than ever. Many people are laid off from their companies due to the recession, and others have no choice but to pivot their jobs from on-field to remote. It is a no-brainer that the industry is now experiencing a huge shift that we should adapt to. If you have no clue where to start your financial literacy journey, don’t hesitate to reach out to financial coaches to guide you and teach you everything you need to know. There is no better time to start learning about finances now than later! Knowledge is power!

Resources:

Learn more about Heather Aiello on:

Giving is part of the joy of the holidays. It's about time to change the usual gifts like books and toys that are more valuable in the future, especially when we have kids. After all, if you have the financial means, it may be appealing to give your child an investment as a gift. If you’re strategic about it, there are ways to gift real estate and teach young kids to build wealth through real estate.

Today, on behalf of Dr. Teresa R. Martin, we are so fortunate to have Chrissy Bardels. She will discuss preparing your children and grandchildren to build wealth through real estate. She also unfolds how mothers of young children and teenagers can present investing as a wise alternative to traditional Christmas gift exchange. Don’t miss this exciting episode of the Fiscally Fabulous Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• “In order to get your kids on board with investing, they have to want to do it.” 
• “Kids love to help and be involved, and it will make them feel good knowing they were part of a project so important to mom and dad.” 
• “Working with cash can sometimes bring us back down to the reality of what our financial situation really is.” 
• “Too much debt can derail your life's plans and your family's future too.”
• “Owning stock is the best way to launch kids into the world of investing.” 

Key Takeaways:

• Starting an investment plan for your children early on gives you and them more time to establish wealth and allows you more time to bounce back from any unforeseen pitfalls.
• You can use investing games and online simulations that do a wonderful job of teaching investment basics. This can be a great way for your child to create and manage their portfolio without putting any money at risk.
• The ideal investment for teaching purposes is a stock and investment stocks are a much more interesting investment to a child than an index fund or a bond. Teach your child the basics of investing and enhance their ability to manage their finances later in life.

Highlights/Timeline:

[01:06] – New Christmas Holiday Gifts Idea

[04:00] – Preparing Your Kids to Build Wealth in Real Estate

[08:45] – Try Notion of Investment into a Game

[11:24] – Learning How to be Financially Stable

[17:47] – Importance of Investing at Early Age

[21:03] – Incorporate Your Kids Favorite Brand into Investment

Conclusion:

With the exception of a few incredible gifts or something loaded with a lot of sentimental value, it is probably the latter. Try giving investment in real estate as a less traditional gift idea and you will be sure to make this holiday season one to remember—for you and them. The same goes for teaching kids about real estate: the earlier, the better. All parents want their children to succeed in life, and one way to do this is to teach them to appreciate the importance of real estate.

Resources:

Learn more about Dr. Teresa R. Martin on:

Are you wondering if you should be starting your own small business? For many employed people, it is a dream. To break free from your employer's restrictive bonds and have total control over your career. No one likes the stress and worries that come with having to answer to a bad manager who is constantly yelling over your shoulder. Most of us have experienced at least one such boss, and it is undoubtedly unpleasant.

Today, we'll discuss five things you should know when starting your own small business, for those who feel stuck in a rut and may have thoughts of becoming your own boss one day. Don’t miss this exciting episode of the Fiscally Fabulous Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• “If there's one thing running an online business is good at accommodating, it's the need for change.”  
• “You can start and grow a successful online operation even if you have never run a business before.”
• “No one person is an island. That's why it's important that you connect with other entrepreneurs so you can share with and learn from each other.”

Key Takeaways:

• The speed of change is one of the major advantages of operating a small business online. Regardless of your intentions.
• There are free and affordable programs, applications, freelancers, and virtual assistants accessible to suit any one of your business needs if you lack a specific skill set or business ability. Online courses in business development, marketing, digital media, and more are widely accessible through a variety of websites for free or at a cheap fee. You can use your present skills to promote your business while taking these courses to increase your knowledge and proficiency in specific areas.
• Most of us cannot do something as complex as starting a business on our own. It takes a team. So don't let your lack of knowledge or skills in one or more areas of running a business deter you from pursuing that dream of being your own boss.

Highlights/Timeline:

[3:08] Traditional business owner

[4:53] Five things you should know when starting your own small business

[4:57] One: It doesn't take a lot of money 

[6:23] Businesses you could start online with little to no money

[11:42] Two: It's easy to test your marketing and advertising efforts

[14:23]  Three: You can change your online small business quickly

[17:12] Four: Your current skill set does and does not matter

[18:39] Five: It's simple to scale up

Conclusion:

If you're someone who has aspirations of creating a business, but you lack the funds to make it happen in the traditional sense, starting an online business can be just as successful as a traditional business and it offers a number of benefits. You can develop a serious online presence for very little money as monthly management costs are negligible. Also, you could work from home where all you would need is a computer to keep track of your appointments, communicate with clients, and keep tabs on your business expenses.

Resources:

Learn more about Dr. Teresa R. Martin on:

Compliance can be considered a formal term for following regulations. There are rules that everyone must abide by. There seem to be rules governing almost every part of life, including school, the job, and almost any public venue. You most likely even have a set of guidelines that apply to your family at home. While not all of us enjoy having these norms thrust upon us, they do serve a very important purpose, especially in the corporate sector. They maintain order, aid in dispute resolution, and even aid in preventing it in the first place. Rules are designed to be broken, but not in business. 

There's more to securing that loan than just having a good credit score; in our previous episode, we discussed business credit and how those scores can have a significant impact on your potential to have your own loan request accepted. And this is where compliance—specifically, lender compliance—comes into play. Don't miss this thrilling episode of the Fiscally Fabulous Lifestyle!

Quotes:

• “If you and your employees are all conducting company business in your own home, you've effectively surrendered a significant amount of control over your business.” 
• “Any business that risk losing control of itself will raise red flags for a lender.” 
• “Just because you say you are a business doesn't mean that you necessarily and literally are.” 

Key Takeaways:

• Surrendering control is always bad for business, always make sure that you and your employees are on the same page in every business move.
• For obvious reasons, any kind of risk, especially in a business setting, will push anyone away from associating with you.
• Lenders are careful. So you must get their trust and make sure that they know that you are legitimate and a proper business venture.

Highlights/Timeline:

[04:22] – What is lender compliance?

[06:41] – Why was your application declined?

[08:20] – Would you lend money to a business you don’t trust?

[13:13] – Is your business in good standing?

[15:09] – What are the compliance items to consider?

[17:11] – What is the importance of presenting a solid business plan?

Conclusion:

Before you start applying, make sure that you have all the required paperwork. Before you rush into the lender's office with erroneous confidence, at the very least, conduct some research and determine what is certain. Getting that much-needed loan for your company is possible, and it can be done. But in order to get there, you must first understand the ground rules and what is required of you, as well as be prepared to follow them!

Resources:

Learn more about Dr. Teresa R. Martin on:

When it comes to managing debt and personal finances, a credit score is a topic that is frequently discussed. Your capacity to borrow money to finance the purchase of a car or a home depends on how well you score. Take out a loan and incur additional significant costs. Finding oneself buried beneath a mountain of severe debt will undoubtedly cause your credit score to plummet, which will make life difficult. To keep financially afloat, a strong credit score must be maintained. Yet we need to be concerned about your credit score in many areas than just your own money. Your business must have independent business credit ratings. 

In this episode, we'll dispel several misunderstandings and highlight key information concerning business credit ratings, including how they can be extremely useful for expanding your company. Don't miss this thrilling episode of the Fiscally Fabulous Lifestyle!

Quotes:

• “Maintaining a healthy business credit tells financial institutions, vendors, insurance companies, and others that the risk of working with you is low.” 
• “Spare yourself that tax time headache by keeping your personal and business finances separate.” 
• “If it seems too good to be true, then it is too good to be true.”

Key Takeaways:

• Just like with regular people, building a trustworthy reputation with institutions helps wonders in the business world.
• Organizing yourself by keeping things that should be nowhere near each other apart is key to having fewer problems.
• Do not let yourself get fooled easily. It’s better to be safe than sorry.

Highlights/Timeline:

[03:42] – What is business credit?

[05:47] – Certain myths about business credit scores

[09:30] – Can’t I just use my personal credit to take out loans?

[11:14] – Why do you need a good business credit score?

[13:49] – What does it mean to secure a loan?

[15:35] – Chrissy talks about a story about a young entrepreneur.

Conclusion:

Make all of your payments on time, or as often as you are able to. Consider your company's corporate credit score as a lifeline. If it were to fall, your company might also. Your company can avoid failing and instead grow if you manage your credit wisely and operate a well-respected enterprise!

Resources:

Learn more about Dr. Teresa R. Martin on:

Do the idea of being a landlord come to your mind? Surely, it is appealing to hear the title of a landlord, not to mention the profit you can gain if you do it correctly. But beware, there are A LOT of factors you need to consider before becoming one if you want to avoid headaches and time-consuming issues to solve when dealing with tenants. Follow the tips and steps in this podcast accordingly.

Today, Dr. Teresa R Martin will discuss the most critical aspects to consider when selecting a rental property, locating the perfect tenant, and developing a financial strategy to ensure maximum profits. Don’t miss this compelling episode of the Fiscally Fabulous Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• “Real estate can be a great investment. But it can also be a poor investment. You can think of it as buying stock. Just as buying the right stock is important, you must be sure to buy the right property." – Dr. Teresa R. Martin
• “Remember, you have costs to contend with to keep that place running. So it's to your benefit that the tenants you accept are responsible and reliable.”  – Dr. Teresa R. Martin
• “As you start on this journey of becoming a landlord, you want to make sure your financial picture is in order and suited for the type of property you rent. And any costs you may incur, both seen and unforeseen.” – Dr. Teresa R. Martin

Key Takeaways:

• Buying the right property is one of the things you need to consider when investing in real estate and becoming a landlord. But of course, there are many things important to ensure a stressless journey of being a landlord.
• In order to accept the right tenants, you need to consider these three things. One is the job of your tenant. Two, the tenant’s credit history. Lastly, your evaluation in the interview is if they are a good person.
• There are two major components to knowing your financial position is improving. First, you must determine how much rent you should charge. Second, before making this type of investment, you must thoroughly understand the state and demands of the property and the area.

Highlights/Timeline:

[02:46] –  What are the five factors you must consider to become a landlord?

[08:49] – Things to look out for to find the right tenants

[12:30] –  Dr. Teresa shares the story about an example of why it's so important to approve your prospective tenants with care

[16:17] – How do you ensure your financial state is up?

[19:33] – Other costs to consider when structuring finances for this investment beyond the cost of the property itself

Conclusion:

Follow these suggestions if you want to become a landlord and generate a stable passive income. First and foremost, pick the property intelligently; do not rush and thoroughly inspect every nook and cranny you can discover. Second, comprehend the significance of the location. Third, carefully pick your renters and ensure that they can pay you. Last, ensure your finances are in order and correspond to the money you've put in. Remember, the aim is not to quickly determine who can buy and rent out the most properties. Your ultimate objective should be to make a profit.

Resources: 

Learn more about Dr. Teresa R. Martin on:

Have you heard of house flipping? Are you interested in flipping a house and making a profit? House flipping might sound like a good and straightforward way to earn money. You buy a home, fix it, and sell it for a higher price. But this is a mistake because house flipping is more complex than it seems. A mistake can cause you much more and lose money.

Today, Dr. Teresa R. Martin will share tips on how you can ensure successful house flipping. She will also discuss tips for your momentum to keep going and earn more profit. Don’t miss this exciting episode of the Fiscally Fabulous Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• “House flipping on the surface may be simple. Buy a property at a low cost, fix it up to increase its value, and sell it for a profit. But this simple narrative can be deceiving. As the house-flipping process is anything but simple.” – Dr. Teresa R. Martin
• “Theoretically, if you have the money, means, and a little know-how, you can buy, flip, and resell a house anytime you want to. But just because you can doesn’t mean you should. Absolutely not.” – Dr. Teresa R. Martin
• “Can you still turn a profit by flipping houses? Of course, you can. But the real key to getting there is following the steps outlined here in this podcast.” – Dr. Teresa R. Martin

Key Takeaways:

• Don’t think that house-flipping is simple. It takes real effort and savvy to flip a house properly. One wrong move and you can lose money instead of profiting.
• Before you start flipping houses, do some market research. Determine the ideal time of year to flip a property, research the neighborhoods to see which ones will likely have the most prospective buyers, and have a strategy for how you want to handle the remodel.
• It isn’t enough to just up and decide to randomly flip a house. If you do so, you will most likely lose money.

Highlights/Timeline:

[01:50 – What’s house flipping?

[03:27] – Two tips to ensure successful house flipping

[06:38] –  Tips to keep your momentum going

[11:53] – Why knowing what your buyers look for important?

[14:05] – Dr Teresa Shares the regretful story about Allen in a 2017 article

[16:42] – Why do vacation spots sell high?

[19:50] – Can you still profit by flipping houses?

Conclusion:

Home flipping is not easy. To be successful, you must consider several factors. But, if you take the time to learn the subtleties of the market, budget sensibly and have extra cash in the bank, employ the right people, and put your know-how and creative abilities to good use, success in house flipping is surely in your hands. 

Resources: 

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Do you wish to invest in real estate? Investing in real estate is highly profitable, that is if done properly with advanced planning. Furthermore, it gives you financial freedom and security for a long period of time. However, foolishly investing in real estate can cause huge damage to your finances. Mistakes are frequently made in this field, so careful planning is required to succeed.

Today, Christy Bartels will talk about the mistakes people make when investing in real estate.  She will discuss how you can avoid these mistakes and take the proper steps to a successful real estate investing journey. Don’t miss this indispensable episode of the Fiscally Fabulous Lifestyle with your host, Dr. Teresa R. Martin!

Quotes:

• “ The first step to protecting yourself from a bad investment is doing thorough research. ” 
• “Adequate financing is critical to a successful real estate investment.”               
• “While it may be tempting to leave the inspector to do his or her job on their own, it is to your benefit whenever possible that you accompany the inspector during the inspection.” 

Key Takeaways:

• The most crucial part of investing is thorough research; failing to do so properly is the biggest mistake new investors make. 
• You have to spend money to make money; thus, proper funding is required when investing in real estate. If you make poor financial judgments up front, you may suffer big financial consequences.
• It is critical that you accompany an inspector during the examination to guarantee that nothing is wrong with the property, especially if it is inexpensive. The inspector might point out certain peculiarities regarding the house that you would not have noticed otherwise. They can show you any prior damage and what was done to restore it, as well as any areas that may require maintenance in the future.

Highlights/Timeline:

[02:11] – The crucial first step to take before investing in real estate

[05:46] – Chrissy talks about the mistake investors make with adequate financing

[07:34] –  Why is it important to build a team?

[10:17] – Chrissy shares the horrible story of Ron and Jenna after they buy their new home

[12:50] – Accompanying inspector during the inspection

[14:11] – Chrissy talks about the mistake of paying too much 

[16:22] – Chrissy talks about the mistake of not estimating expenses accurately

Conclusion:

In order for you to have the highest possible chance of successful real estate investment, doing thorough research is the most critical part. Some of the information you need to gather are details about the town or city the property is located, access routes and traffic flow, adequate Town Center public transportation, etc. All of these factors affect the property’s value. Next, you need to consider having sufficient financing. The third is building a team, and the fourth is avoiding paying too much. Lastly, estimate expenses accurately. Keep in mind that the success or failure of the investment lies in research and due diligence.

Resources:

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Numerous entrepreneurs' dream is to start and maintain a successful business. But all of them at some point will arrive to decide between these two choices: Incorporate the business or not. Between the two choices, incorporating your business is the most advisable one as it presents more benefits than not. In incorporating your business, you have to choose between for-profit and nonprofit.

Today, Christy Bartels will talk about how you can determine if your business is for-profit or nonprofit. You will understand the benefits and drawbacks of each for your organization, which will help you decide on the best course of action to pursue. Don't miss this exciting knowledgeable episode of Fiscally Fabulous with Dr. Teresa R Martin as your host!

Quotes:

• “Whenever you set out to start a business, one of the first things you need to consider is the purpose for creating this business.” – Christy Bartels
• “A nonprofit business can help raise awareness to combat a disease. A for-profit, for example, can help the world communicate more effectively and efficiently.  – Christy Bartels
• “If you are one of the would-be business owners who pray to escape from taxation, then incorporating your business as a nonprofit will surely appeal to you.”  – Christy Bartels

Key Takeaways:

• Your purpose for launching a business may frequently serve as a guiding element in determining whether you should be for-profit or nonprofit.
• Whether for-profit or nonprofit, both may benefit society in various ways.
• Non-profit organizations are classified as 501(c)(3) organizations, which implies that the service they offer is considered a public good, and they are not obligated to pay a percentage of their revenues to the government. For-profit businesses, on the other hand, are required by law to pay taxes.

Highlights/Timeline:

[03:32] – What is the purpose of your business?

[06:20] –  Factors to consider when choosing profit or non-profit

[09:40] – Why can profit generate more income?

[10:44] – Christy talks about the structure of the company

[12:10] – What are the benefits of non-profit business?

[14:32 ] – Where does the money earned by non-profit go if the company closed?

[16:46] – Questions to ask in determining the best course of incorporating your business

Conclusion:

There are four advantages to incorporating your firm. First, until the firm goes bankrupt, you can keep it going indefinitely. Second, ownership of the corporation can be transferred to another person. Third, it becomes more appealing to prospective investors. Finally, it can shield you from personal culpability and unfavorable litigation. After agreeing to incorporate your business, you have two options: profit or non-profit. If you want to solve problems directly with a larger emphasis on profit, then your company should be for-profit. If, on the other hand, your goal in creating a business is to tackle significant, possibly life-threatening problems, you should think about incorporating your company as a nonprofit.

Resources:

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