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Financial Uplift: He also outlines six habits that keep people broke and three foundational rules for financial freedom.

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Manage episode 504454558 series 1522319
Content provided by Rushion McDonald. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Rushion McDonald or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Dr. George C. Fraser.

A renowned networking expert and CEO of FraserNet. Here's a breakdown of the key insights and themes:


🔑 Key Highlights & Takeaways 🧠 Financial Wisdom & Wealth Building

Dr. Fraser shares three foundational rules for financial freedom:

  1. Rent/Mortgage ≤ Weekly Income – Live within your means.
  2. Borrow Money Only to Make Money – Avoid debt for depreciating assets.
  3. As Income Increases, Cost of Living Should Stay the Same or Decrease – Invest the difference.

He also outlines six habits that keep people broke:

  • Not talking about money
  • No emergency fund
  • Impulse purchases
  • Buying unnecessary sale items
  • Paying bills late
  • Improper use of credit cards

🏛️ WINDS Wealth Building Centers

  • Created to combat financial illiteracy in Black America.
  • Focus on mindset, habits, values, and solutions.
  • Curriculum includes:
    • Psychology and emotions around money
    • Delayed gratification
    • Four pillars of intergenerational wealth:
    1. Wealth management
    2. Real estate ownership
    3. Business development
    4. Entrepreneurship

🌍 Power Networking Conference & Fraser Nation

  • A virtual nation concept launched before the pandemic.
  • Offers access to:
    • Black professionals and business owners
    • Intellectual capital
    • Products and services across the Pan-African diaspora
  • Promotes virtual workshops, summits, and coaching.

💼 Entrepreneurship & Passive Income

  • Encourages Black Americans to sell, not just buy.
  • Suggests a multi-stream income strategy:
    1. Use 9–5 income to fund a side hustle.
    2. Use side hustle profits to invest.
    3. Let investments eventually replace your job income.

💬 Quotes & Wisdom

“Stop living above your means. Stop living within your means. Live below your means and invest the rest.”

“If you bake cookies, put them in a box, put your name on it, and sell it.”

“There should not be a Black person in America with a single stream of income.”


#SHMS #STRAW #BEST

See omnystudio.com/listener for privacy information.

  continue reading

1499 episodes

Artwork
iconShare
 
Manage episode 504454558 series 1522319
Content provided by Rushion McDonald. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Rushion McDonald or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Dr. George C. Fraser.

A renowned networking expert and CEO of FraserNet. Here's a breakdown of the key insights and themes:


🔑 Key Highlights & Takeaways 🧠 Financial Wisdom & Wealth Building

Dr. Fraser shares three foundational rules for financial freedom:

  1. Rent/Mortgage ≤ Weekly Income – Live within your means.
  2. Borrow Money Only to Make Money – Avoid debt for depreciating assets.
  3. As Income Increases, Cost of Living Should Stay the Same or Decrease – Invest the difference.

He also outlines six habits that keep people broke:

  • Not talking about money
  • No emergency fund
  • Impulse purchases
  • Buying unnecessary sale items
  • Paying bills late
  • Improper use of credit cards

🏛️ WINDS Wealth Building Centers

  • Created to combat financial illiteracy in Black America.
  • Focus on mindset, habits, values, and solutions.
  • Curriculum includes:
    • Psychology and emotions around money
    • Delayed gratification
    • Four pillars of intergenerational wealth:
    1. Wealth management
    2. Real estate ownership
    3. Business development
    4. Entrepreneurship

🌍 Power Networking Conference & Fraser Nation

  • A virtual nation concept launched before the pandemic.
  • Offers access to:
    • Black professionals and business owners
    • Intellectual capital
    • Products and services across the Pan-African diaspora
  • Promotes virtual workshops, summits, and coaching.

💼 Entrepreneurship & Passive Income

  • Encourages Black Americans to sell, not just buy.
  • Suggests a multi-stream income strategy:
    1. Use 9–5 income to fund a side hustle.
    2. Use side hustle profits to invest.
    3. Let investments eventually replace your job income.

💬 Quotes & Wisdom

“Stop living above your means. Stop living within your means. Live below your means and invest the rest.”

“If you bake cookies, put them in a box, put your name on it, and sell it.”

“There should not be a Black person in America with a single stream of income.”


#SHMS #STRAW #BEST

See omnystudio.com/listener for privacy information.

  continue reading

1499 episodes

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