WealthSaver Podcast

Successful people and entrepreneurs leverage business credit to build wealth by gaining access to more capital. In this episode serial entrepreneur Mike Tibor shares steps that you can take to build business credit and shares the benefits of leveraging business credit. Building business credit is attainable for every WealthSaver™.

Topics:

Mike Tibor's Why and His Story - 1:15
What is Business Credit - 6:40
Benefits of Business Credit - 9:45
How to setup and build Business Credit - 12:35
What does WealthSaver mean to you - 19:45
Contact Mike - 26:10

Helpful Links:

The art and entertainment world has been swarmed by NFT Investments and we are intrigued, what is this technology and how can it benefit us.  In this episode COO of PlayOne NFT, Volen Tsolov shares the distinct differences of authentic NFTs versus a digital download and schools us one the multiple uses of NFTs in real estate and beyond. Volen also discusses some of his own NFT investments including an NFT creation by TakeOff from Migos.

Topics:

2:18 Defining NFT

4:38 Benefits of NFTs

7:53 Smart Contracts & Royalties of NFTs

15:36 How to Determine Authentic vice Fraudulent NFTs

22:37 Future of NFT

Helpful Links:

The average American owes over $31,000 in debt, without including a mortgage. Sometimes debt is leveraged to build wealth for the consumer. However, oftentimes we go into debt because there was an emotional appeal to buy something outside of our means that carries interest and builds wealth for the company that extended out the line of credit such as a credit card or personal loan. In this episode Founder of My Wealth Journey, Jarrai "Jay" Stephens shares the distinct differences of credit management vs debt management. Jay also shares her own personal debt management story vice how she now leverages credit to build wealth.

Topics:

1:44 Jay's Debt Journey Paying Off $50k in 8 Months

8:00 Credit Myths

11:28 Strategies to getting out & staying out of debt

13:55 Methodology to getting out of debt

16:57 How to Leverage Credit

24:51 Emergency Credit

26:46 Jay's Financial Coaching & 15% off merchandise (promocode: wealthsaver)

30:20 Jay's meaning of WealthSaver™

Helpful Links:

90% of millionaires are invested in real estate! But with the current market trends is now a good time to buy a home or your next investment property such as a rental home? Our resident realtor Karl McGarvey (who joined us in Season 1) gives his take. Plus he also shares some outside of the box lending options you can consider when investing into real estate.

Topics:

1:40 Rental Housing market
2.52 Pre Sale strategy
4:44 Homeowner Financed sale/lending
7:50 Fed rate hike effect on rental market
12:36 How to use house hacking
15:35 How to overcome pricing fears
19:00 A little on Adjustable rate loans

Helpful Links:

Continuing our conversation with Dr. Thomas we focus heavily on ways to intentionally combat inflation including with wages and our purchase habits.

Topics:

Wages & Inflation: 0:27

Free Market Economies: 2:09

Connecting financial and mental wellness: 4:10

Combating Inflation: 5:11

Impact of Consumption Culture: 10:48

Money Medication: 13:27

Black Financial Culture Building Wealth From the Inside Out: 13:46

Merch & Perks:

Here's you do not know realize about our recent 8% increase in inflation that may change your outlook- Inflation can have positive effects, if you handle it right. In this episode we welcome back Dr. Michael Thomas, lecturer in the Department of Financial Planning, Housing, and Consumer Economics at the University of Georgia and Accredited Financial Counselor, to build upon our season 1 finale all about inflation and the unconscious pay cut you probably took. We will discuss the non-political root-cause of the steep increase in prices across the United States and even internationally. 

*

Why do people prefer talking about death than their finances? Because often people feel judged about their financial decisions. Listen to our dynamic guest Dr. Michael Thomas, Professor at the University of Georgia and Accredited Financial Counselor, as he shares insightful light on financial shaming/judgment. Plus, Dr. Thomas shares valuable tools that you can use to encourage more open dialog about finances in your relationships and build wealth through financial Empathy, a term he’s coined.