Jamilia Souffrant

Jamila Souffrant, the host of the Journey to Launch podcast joins Bobbi to talk about how she used a risky but well-researched investment in real estate to begin her path to financial freedom.

In Jamila’s story you will learn:

-How Jamila’s mother and grandmother taught her the value of investing in real estate

-Jamila’s strategy to research and invest in undervalued real estate

-Specifically how she raised the money for the downpayment while still a college student

-The exact characteristics she looked for in a geographic region in deciding where to buy an investment property

-Her 2-year plan to be ready to buy real estate

-Jamila’s decision to live at home and how that helped her build up the money she needed.

In Jamila’s lesson you will learn:

-Why real estate investment early in life is a great foundation for financial freedom

-How she rose despite many challenges including being the child of a single mother.

In her money tip you will learn:

-What Jamila never orders at restaurants

-How to train your mind to be more intentional with your money. 

In my take you will learn:

-Strategies to buy a home at a young age

-What to look for in an investment property, especially if you have a small budget

-Specific things you can do to save a solid downpayment

 

Links from the episode:

Learn more about Jamila Souffrant and Journey To Launch at:

www.journeytolaunch.com 

 

Follow her on social media at:

FB: www.facebook.com/journeytolaunch 

IG: www.instagram.com/journeytolaunch

Twitter: www.twitter.com/journeytolaunch 

Pinterest: www.pinterest.com/journeytolaunch

 

Join Jamila’s Facebook group facebook.com/group and  searching for Journey to Launch

 

Get Jamila’s free 6-day email course on saving and investing at journeytolaunch.com/freecourse 

 

Get her 5 day Money Savers Challenge here journeytolaunch.com/challenge

Jordan Goodman

Jordan Goodman, America’s Money Answers man, shares the story of his first entrepreneurial venture. 

He describes how as a child of 12, he saw unused inventory- and a clear demand for it, and put it together. It is a simple story but a great roadmap for aspiring entrepreneurs- or anyone that just wants to learn the basics of how business works. 

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In Goodman’s story you will learn: 

-How he leveraged his first job into a business of his own at age 12

-How he convinced his bosses to give him inventory at zero cost

-How he discovered an underserved market with demand for that inventory

-How he had a profit margin of 100%

In Goodman’s lesson you will learn:

-The important of leveraging your situation

-The benefits of working with others with complementary skills and resources

In Goodman’s money tip you will learn

-What is mortgage optimization strategy

-How he says you can pay off a 30 year mortgage in 5-7 years

-Why home owners lose so much money paying interest in the early years of traditional mortgages. 

-How to use HELOC’s as a tool to accelerate paying down your mortgage

-The three things you need to make this strategy work. 

In my take you will learn:

How entrepreneurs can benefit from focusing on opportunities that are simple and straightforward. 

How to focus on finding ways to solve problems for other people, to create profit for yourself. 

Links from the episode

Jordan Goodman’s website is http://www.moneyanswers.com/

He is on Twitter @GoodmanJord

His facebook is https://www.facebook.com/jordan.goodman.7796

The website Jordan Goodman mentions to learn more about his mortgage optimization strategy is truthinequity.com 

Jordan’s book he references in his money tip is Master your Debt. 

Tiffany Dufu

In this episode Levo League’s Tiffany Dufu, author of "Drop the Ball, Achieving More by Doing Less” shares the story of how she overcame her hesitation to ask for what she was worth after she was no longer working for a non- profit. 

In her money story you will learn:

-How Tiffany realized her own value as a speaker

-How she benefitted from her husband’s intervention

-How she launched her speaking business and diversified her income stream

-What a portfolio career is

 

In her lesson you will learn:

-The tools you need to know your value and monetize it

-Why an ecosystem of support is essential

-How to leverage the people around you

 

In Tiffany’s personal money tip you will learn:

-How she was able to take a key chore off her to-do list

-What she realized about delegation

-The system she and her husband have set up to manage household task

 

In my take you will learn:

-How to approach the time vs. money value equation

-Different ways to value your time

 

Links from the episode

 

Tiffany’s website

Tiffany’s Book “Drop the Ball, Achieving More by Doing Less”

Tiffany’s Twitter

Tiffany’s Instagram 

Tiffany’s Facebook

Tiffanys YouTube 

Levo League

 

Amazon

Plated

Blue Apron

Jean Chatzky

This episode with Her Money podcast host and Today Show financial editor, Jean Chatzky, is about getting the most value for your work. 

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In Jean’s money story you will learn

-The impact her divorce had on her financial strategy

-How the loss of her dad changed her perspective on money

-The loss of her job and the career change that followed

-How to assess your financial needs, especially your savings goals

-How focusing on her money created emotional and psychological security

-Her post-divorce college savings plan pivot

 

In Jean’s lesson you will learn:

-How to evaluate your financial needs at different life stages

-Which professional advisors she has used at key points in her life

-How to know what to charge clients for your professional services or products

-Why and how she shares information about pricing

 

In her money tip you will learn:

-The power of automatic savings

-Mental accounting and why it works for her

-Using different pools of money for different goals

-Guilt-free spending

 

In my take you will learn:

-My advice on knowing your worth in the market

-Why socializing and making friends in person and online is key to growing your business

-Why you must choose clients that value your work

-How to deal with clients that lowball you on price

-How to grow low paying clients into higher paying ones

 

Links related to this episode

The Today Show

Jean Chatzky

Her Money with Jean Chatzky

Stacy Tisdale

 

Rebecca Jarvis

Rebecca Jarvis, ABC News Chief Business, Technology and Economics Correspondent, and Host and Managing editor of the “No Limits with Rebecca Jarvis” podcast learned her financial lessons early.

But the truth about the value of that education really came to light when she learned what was going on with a dear friend.  

You will learn why you want Rebecca, and friends like her, on your team. 

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Rebecca's money story:

-The  money lessons from her journalist mom that set her on the right path

-How Rebecca has helped her friends who have run into money trouble

-The ways that poor money decisions can hurt your opportunities, including jobs

-How banks sometimes lure young people into borrowing more money than they can afford

 

Rebecca’s lesson: 

-specific tools to figure out wants vs. needs. 

-advice on how to maintain a budget

-her favorite app for managing money

 

Rebecca’s money tip:

How to make sure your education pays off

What kind of classes to take post-college

To be featured as a women entrepreneur of the week email Rebecca Jarvis nolimitswithrjpodcast@gmail.com

 

Links to people and things we talked about in this episode

No Limits with Rebecca Jarvis podcast

Robin Roberts

Gabby Bernstein

Sheila Nevins

Randi Zuckerberg

Mint

CFP Board

The Federal Reserve

Kevin O'Leary

Shark Tank’s Kevin O’Leary shares a story about his mother and a secret he learned about after she passed away. The Entrepreneur, who is also behind O’Shares and O’Leary Ventures  reveals in the story how his mothers choices informed his investing style, which is heavily focused on dividends. 

He goes on to discuss the two types of investments his mother chose, including her thinking and mindset in making those choices. 

O'Leary also talks about the importance of the tax changes and why that is something that will benefit investors who follow his strategy. 

In his money tip Kevin explains how people who can’t save can find the money to get on track. He also reveals another lesson from his mother that was a bit surprise. O'Leary also shares his 90 day money test that he does with his wealthy friends to help them stay rich. 

O'Leary talks about an app that he launched  called Beanstox that allows investors to buy small dollar amounts of ETF’s and market-leading stocks. It gets people into investing without having to commit large amounts of capital up-front. 

Links to things mentioned in this episode:

Kevin O’Leary’s financial literacy books the Cold Hard Truth series can be found here. 

His app to start investing can be found at Beanstox.

To learn more about the companies he backs as well as his wine business and more, go to O’LEARY VENTURES.

Kevin also talked about his ETF business O'Shares.

In his story about his mom he spoke about Chanel and Gucci.

Books I recommended in the episode: 

The Opposite of Spoiled by Ron Lieber

Smart Money Smart Kids, Raising the next generation to win with money by Dave Ramsey and Rachel Cruz

Make your Kid a Money Genius even if you are not by Beth Kobliner

Money A-Z Scott Alan Turner

Steve Jobs, The man who thought different by Karen Blumenthal

 

I also mention Fincon which is a fantastic conference for anyone who creates content about money.

David Bach

Even the best money experts can make money mistakes. For nine-time New York Times best-selling author David Bach, it happened in college. 

It is not that surprising that he got buried in credit card debt. That happens to a lot of students who get tempted by the easy credit available. But after paying off his debt, David went back and did it again! 

Things get really interesting when he goes to his parents to ask for help.

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In this episode you will hear...

David Bach’s Financial Grownup money story including:

-How David Bach got into credit card debt- twice- before even starting his independent adult life

-The tactic the credit card companies used that led to even more debt

-How David’s parents reacted when he came clean about his debt

-The common mistakes college students make when it comes to credit cards

-How that debacle actually led to his beginnings as an entrepreneur as a sophomore in college. 

-What David’s first business was and how it helped him get out of debt

-How Bach learned to automate his savings and investing

-How he has used those early in life lessons to build his own wealth, and teach others as well

David’s Financial Grownup lesson including:

-How damaging credit cards can be

-Ways to avoid credit card debt

-Why he has not carried credit card debt since age 21

-How he has avoided borrowing for 3 decades

David’s personal finance tip:

-Why automatic payments are great for investing, but not always for bill paying

-The first thing david cut from his budget in 2018.

-How to decide what to cut from your automatic payments

 

In my take you’ll hear my controversial advice on credit card debt including when to use:

-The avalanche method

-The snowball method

-How and when to use your home equity as a resource

-How and when you should consider opening up a zero interest credit card

 

Links to things mentioned in this episode:

Smart Couples Finish Rich

AE Wealth Management