May 19, 2024 • 25 mins
Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald, interviewed Ash Cash.
In Part 2, Ash Cash Exantus builds off Dr. George CFraser's technical discussion to make it easier for the audience to understand and implement. He also details the paradigm shift that has occurred since parents' days of" "saving-vs-investing" one's money: namely, how, in the 21st century, investing in one's money has become the new "saving." Finally, Ash Cash lets the audience know they don't have to save money alone; one can get those around them whom they trust to help them invest in wealth-building programs for all benefits.
Support the show: https://www.steveharveyfm.com/
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
If you're about to make a change in your life
and you feel uncomfortable, that's the best feeling you can have.
Speaker 2 (00:08):
Because for the first time in your life, you'll makeing a.
Speaker 1 (00:10):
Decision that's going to be best for you and not
what somebody told you to do.
Speaker 2 (00:15):
And that's when all bets are off.
Speaker 1 (00:17):
Welcome to Money Making Conversation Masterclass. I'm your host with
Sean McDonald. Our theme is there's no perfect time to
start following your dreams. I recognize that we all have
different definitions of success.
Speaker 2 (00:28):
For you and maybe decide to.
Speaker 1 (00:29):
Your HM, it's time to stop reading other people's success
stories to start living your own.
Speaker 2 (00:34):
Keep winning well.
Speaker 1 (00:42):
Welcome back to Money Making Conversation. I am your host
with Sean McDonald. I always see this all the time.
I tell people to stop reading other people's success stories
and start writing your own.
Speaker 2 (00:52):
That's important.
Speaker 1 (00:52):
When I tell it's about motivation and I don't know
if I can motivate people to understand how valuable they are.
And when I say that is that I get up
every day at four thirty am, a lot of.
Speaker 2 (01:02):
People go ooh.
Speaker 1 (01:03):
I mean even when I say that time, the average
person who every day, well, that's part of my plan.
So if you have a plan, because I have to
get up at that time, because if I get up
at six, then I realized that at four to thirty
I get up, I kind of stumble around the house.
Speaker 2 (01:18):
I pick up a newspaper. Nobody's bothering you.
Speaker 1 (01:20):
At four thirty in the morning, I watch a TV
show I want to watch. I can just make some
food that I want to eat. So set your time
to make you win. And so my next cast is
a guy that, first of all, the energy is beautiful.
If you still have questions about banking, about financial he's
a financial motivator, but I love the reason I love.
Speaker 2 (01:39):
Let me introduce him right quick again.
Speaker 1 (01:41):
Our call number is four zero four eight eight zero
nine two five five. That's four zero four eight eight
zero ninety two five five. The next guest is Ash Cash.
He's one of the nation's top financial educators, personal finance expert,
business coach, motivational speaker, for fifteen year banking executive, and
(02:02):
the author of many books, including four Amazon dot Com bestsellers.
I ain't even read one book we got, okay, I know,
I know, I know. He has been featured on many
media outlets as The CNN, The New York Times, Wall
Street Journal, America Bankers, CNBC, TheStreet, dot Com, Black Enterprise,
Essen Magazine, and Ebony. He is dubbed as the financial Motivator.
(02:23):
He used a culturally responsive approach and teaching financial literacy,
wealth building, and entrepreneurship above all. His credentials, accleades, and
titles actually simply known for helping people maximize their full potential.
That's what we deal here. Please work with the money
making conversations.
Speaker 3 (02:39):
Ash Cash, Hey, brother, thank you for having me look
at that for it. Man, I'm so excited because I'm
in the presence of a legend. Then I got there
here a legend on the far man. It's a beautiful day.
It's a beautiful day.
Speaker 2 (02:54):
Well, as you.
Speaker 1 (02:55):
Know, our relationship has been unique because we've seen each
other from Afar, yes, and then we met each other.
We fell in love like bruh, absolutely, and then the
whole approach was tied to your whole world is about
helping people. But the thing I like about you, because
the reason I brought you on the show with George
Georgie Fraser, Doctor George Fraser, is that he's a technical guy.
So sometimes you can get lost in his technical, technical
(03:17):
style of teaching. Well, you are a common systence no,
no negative of doctor GEORGEI Frasier. But you break it down,
it's such a common natural way that doesn't throw fear
into people.
Speaker 2 (03:29):
Yeah, talk about that.
Speaker 3 (03:30):
Yeah, you know, it's funny because you mentioned I was
a fifteen year banking executive. So first and foremost I
grew up in projects, right, And so growing up in
the projects, really didn't have money hustler you know, you know,
packing bags at a doing selling mix stats and T shirts.
Speaker 2 (03:46):
So I know that entrepreneur life.
Speaker 3 (03:48):
But I was fortunate to get into banking, and I
started at nineteen years old and did everything in banking
from personal bank or private banker, branch manager see over
credit Union, right. And when I realized when I was
a private bank, I was managing money for wealthy individuals
and they had a team. But then I thought about
my people back at home, and I said, we don't
even got one person teaching about money. So I said,
(04:09):
you know, in the words of the honorable Sean called
a jay Z, there's much bigger issues in the world.
Speaker 2 (04:14):
I know, But I first had to take care of
the world.
Speaker 3 (04:17):
I know, and So for me, I said, listen, if
I'm a guy who's from the neighborhood, I understand hip hop,
I understand the language. I understand you know what we
need from our community. And you know I was able
to make it to the c suite and from a
banking perspective, what if I just took that knowledge and
I brought it back to our people and as they say,
(04:37):
put the medicine in the candy, right, and so that
and and that's been my life, like that is my life.
Speaker 2 (04:42):
Mission is exactly what doctor.
Speaker 3 (04:44):
Fraser was saying was really you know, you know, closing
that wealth gap specifically for our people, because we have,
you know, everything that we need to live the best
possible life. We just need the education and we need
we need that education in a way that we can
understand it. And then once we understand it, then there's
no excuse while we're not implementing it.
Speaker 2 (05:05):
Cool.
Speaker 1 (05:05):
We have a call here Chantale and Marietta, Georgia. You
have a question about investment. Please welcome to the show.
You on the airline with me, not right now, I'm
an interviewing Ash Cash and of course I'm ru Sean McDonald.
What'd you have to say, chantel, what's your question?
Speaker 4 (05:18):
How you guys doing the season. I'm curious. I've been
listening for you all a couple of days now to
hear about young people getting educated and taking a chance
and investing. I'm curious. I've been doing like I have
a ninety five work for a government, but the passive
income in between just trying to find my niche I
(05:39):
keep doing.
Speaker 2 (05:40):
Like these.
Speaker 4 (05:43):
Quick little schemes. I guess so maybe door dasher, instacart
or trying to make just that income in between instead
of check to check my next endeavor. I'm curious about
taking a chance with investment for ATM and if you
think it's profitable, I am in the Marietta outside Atlanta
area and not just have the goal for one After
(06:03):
the next minute, grow.
Speaker 2 (06:06):
Let me, let me, let me, let me cut you
off a little bit right quick, because you said a
word that I ever want you to use when you're
talking about your investment, the words scheme. Yes, yeah, see
when that came out, I'm gonna let ask cash talk.
Speaker 1 (06:18):
But we're in the same way. You got you got,
she said, scheme. I said, I've.
Speaker 2 (06:23):
Never used the word scheme playing in my financial future.
I'm afraid that somebody go with the logo come in
through the back door, in the front door.
Speaker 4 (06:29):
I repra.
Speaker 2 (06:32):
I don't do that. Hustle thought, yeah, yeah, yeah, that's
not better either. That's not better either.
Speaker 5 (06:38):
You know.
Speaker 3 (06:38):
The the here's the here's the thing is that you know,
focus on what you really want to focus on, and
not necessarily the money aspect of it, right, because like
you said, you have the nine to five, right, and
then now you're trying to find another way to create
passive income. I have been in that same spot before,
(07:01):
and I have been in your spot where I was
trying different things with my in and this and and that.
And the thing that happened was I said, you know what,
forget the money, right, meaning that if I'm only chasing money,
then I am wasting my time because money's.
Speaker 2 (07:14):
Gonna come and go.
Speaker 3 (07:15):
You're gonna realize that money's gonna come and go. But
if you chase after something that you are aligned with,
not hustling, right, not a scheme, but I want you
to be aligned with what you're doing.
Speaker 4 (07:26):
Right.
Speaker 2 (07:26):
So I'll give you an example. So for me, I said, hey,
I want.
Speaker 3 (07:29):
To educate people, but me educating people, I said, how
am I gonna pay I got married, I got two kids.
How am I gonna pay the bills by just educating?
Speaker 2 (07:39):
But my passion. I was going to inner city schools.
Speaker 3 (07:41):
I was teaching financial literacy, and I said, how can
I turn my passion into a business, right, not a
side hustle, not a scheme, but actual business? And then
I said, oh, let me write a book. Then I said,
let me go, you know, go to schools in and
become a speaker. Let me go correct, right, And I
think that that's what you need to find out first
and foremost is what are you passionate about?
Speaker 2 (08:04):
And does that passion feel a need? And how can
you feel that need?
Speaker 3 (08:08):
Once you do that and you start making money, then
let's start talking about how we could take that money,
like doctor Fraser said, and start investing it in different
vehicles so that money could grow. But first, but if
you but if you're after the money first, I personally wouldn't.
Speaker 2 (08:23):
Say to do that.
Speaker 3 (08:24):
I would say, find that passion, find how you that
passion could feel a need, and once you have that
need filled that you start making money from it. Now
take some of that money and start investing in other places.
Speaker 2 (08:35):
So it could grow and I'm just follow this up chantail.
Money is interesting.
Speaker 1 (08:39):
Money is really interesting because it makes people make bad
decision and good decisions. Okay, the bad decision is that
if you invest something that you can't lose, and a
lot of people don't understand that.
Speaker 2 (08:51):
See, you can invest if you.
Speaker 1 (08:52):
If your time is valuable, which it should be, people
invest it, but they'll understand that investment that you can lose,
you can't get time back.
Speaker 2 (08:59):
And so when you.
Speaker 1 (09:00):
Put it out there, and so people understand that money
is the same thing. And so I run the opportunity
to route too. I will tell people all the time,
I said, when I go into the grocery store, my
goal has always been I just buy what I want.
I technically don't even look at the price. Now I
do shop with coupons. If I have some coupons, I
(09:20):
go in there make sure if I got two eggs
or seventy five cents off of of milk or I
will do that.
Speaker 2 (09:26):
That's when I'm looking for a price. But technically I'm
just going in there.
Speaker 1 (09:29):
But I'm also a guy who will take advantage of
an opportunity. And I'm just telling you, is that just
reframe your thought process. Don't use words like hustle, don't
use words like scheme, because you need to articulate your
conversation to people who appreciate the value of a plan.
And right now, just put your plan in action. Realize
your time is an investment, and then you should outline
(09:51):
your time with a schedule, and that schedule has to
be consistent. And when it's consistent, like I said earlier,
I get up at four thirty every day.
Speaker 2 (09:58):
Monday through Friday. That's my winning time.
Speaker 1 (10:00):
Your winny time might be five thirty, your windy time
might be six thirty. But what your winning time can
be four thirty on Tuesday, six o'clock on Wednesday, seven
o'clock on Thursday, three o'clock on Friday. Your body and
your mind be whack. And so so I just want
you to understand that. Thank you for calling the show today,
and but call back and be a friend of the show,
because what we want to do here is elevate your
(10:22):
thought process to know that you can win by getting
information off on show, money making conversation, and you can
win by listening to Wcoka.
Speaker 2 (10:30):
Is that all right, Chantell?
Speaker 4 (10:32):
Most definitely, I guess I want to say to be
able to put back into my four one. My dad
had to break it down. I was cooeless and didn't
know that investing into your four one is not only
coming out of a paycheck. I thought. I didn't know
that it could just come out of your pocket and
be put back into investing in retiring. I was new
to that, Like, oh really, I didn't. I wasn't just
(10:53):
made away, you know, you don't learn these things in
high school. And all my passion is to have the
business and to have different entities under it. That'll be
my my my, and to help out others, you know,
where I can maybe we can split and go on
to the next ATM or the next endeavor I want
to give back as well, or you know, kind of
put somebody onto you know, the business as well, so
(11:14):
they're they're able to make pass income.
Speaker 2 (11:17):
Yeah.
Speaker 3 (11:17):
And the one the one thing I would say, chantel
is really about the research, you know, because you know,
whatever you focus on, there's somebody right now who's making
millions of dollars by by selling plastic pins, right and
so it's really what you focus on, and so understanding
what it's going to take to to invest in the
ATM business. Uh, you know what time you have to
(11:38):
dedicate to it, and then also you know what the
returns are and if you're willing to do what it
takes or are you going to have to hire someone?
So really, as Rashaun mentioned, it's really the plan and
making sure you have the plan first. And then once
you have the plan, and and once the plan is
sound and it's viable, I would say execute.
Speaker 1 (11:56):
And then and then you execute with the whole idea
that you cannot lose. But if you lose, don't let
it traumatize you. Because I have lost. I have lost,
and I tell people all the time. That's why we're
trying to share my flaws when I talk to people,
because if you look at a person who always says
he's successful all the time, he's lying. And if you
look at the person who don't want to share their flaws,
(12:18):
stop talking to him. And I want to thank you
Chantelle for calling the show money Making Conversations.
Speaker 6 (12:23):
Please don't go anywhere. We'll be right back with more
Money Making Conversations Masterclass. Welcome back to the Money Making
Conversations Masterclass hosted by Rashaan McDonald. Money Making Conversations Masterclass
continues online at Moneymakingconversations dot com and follow money Making
Conversations Masterclass on Facebook, Twitter, and Instagram.
Speaker 1 (12:47):
I got people talking saying to my number for me
saying my name money Making Conversations doctor Georgey phrase he
blew it up. Information is available on money Making Conversation
dot com about him money Making Conversation dot Com. Information
the available body him if you if you go to
the contact area and feel that out, we will definitely
send the information over to him.
Speaker 2 (13:08):
Like you said then, he said seven decades, he said
eight eight decades. He said, seventy seven, eight decades, eight decades. Well,
knowledge and wisdom. Well, you know we're not eight decades. Yeah,
not yet, but we want to get there.
Speaker 1 (13:21):
But my ass cast, you know, like I was saying earlier,
you know, you're one of the nationest top financial educators,
personal finance expert, business coach, and motivational speakers. And that
whole motivational speaking part is what I want to get
into right now because so many people want to hear
the word like in church now they want to hear
the Bible. So many people want to hear how to
(13:41):
be successful, but don't want to put the work in
or follow the rules of the Bible. It's the same
thing in the financial world that you in.
Speaker 2 (13:48):
You people come.
Speaker 1 (13:49):
Up with you, take photos with you, say, man, how
can I want to give you the business card? What
frustrates you most when people don't do what you're advising
to do because you can't tell them what you advise.
Speaker 3 (14:00):
Yeah, yeah, I think I think the most frustrating part
is uh, just people complaining, you know, uh, because because
here's the deal, because uh, we all have a choice,
right Uh. Being broke is difficult, being successful is difficult.
Speaker 2 (14:17):
You just gotta choose the difficult that you want.
Speaker 3 (14:20):
And so if you choose the difficult, that says, hey,
I'm gonna be broke, I'm not gonna know how to
you know, take care of my family.
Speaker 2 (14:26):
I'm gonna I'm gonna worry about how to make ends
meet and things of that nature.
Speaker 3 (14:30):
And there's somebody who's taking time to show you, you know,
how to you know, how to do that, how to
get to the next level of life, and just to
you know, be somebody who is taking up that knowledge
and not implementing. I think that's the most frustrating part
because there's a lot of people out there that want
the information, who would love to have somebody give them
(14:51):
the information. And so if you are, you know, you know,
wasting time, you're you're in the you're in the way
of somebody else who is willing to implement. So other
than that, I think that's the frustrating part. But the
truth of the matter too is I also know that
it doesn't happen overnight, right, right, And so I know
that there are people who, you know, what we're saying
(15:12):
is shaking up their mindset, right, Like doctor Fraze just says,
don't waste.
Speaker 2 (15:16):
Your time on savings.
Speaker 6 (15:18):
Right.
Speaker 3 (15:18):
He didn't say that verbatim, but he's saying, listen, you
are wasting your time on you know, if you're saving
your month for percent, right, half a percent, right, so
it's not even one percent, it's half of eight percent, right.
And so as a former fifteen year big and executive,
I approve that message. But you gotta think, right, you
gotta think in our neighborhood that like, like that's what
(15:39):
they told us, they said, to go to work, work hard,
save your money. But if you save your money, you're
losing money. And I think that, you know, it's a
whole big paradigm shift that's happening. And so I get it.
We're shaking up people's world.
Speaker 2 (15:51):
That's all they knew.
Speaker 3 (15:52):
They grandmothers and parents are telling them save, save, save, safe, save,
And now the paradigm is invest invest in. That's and
so people might not get it on the first time.
And so for me, I'm happy that the conversations are happy,
the money making conversations are happening. Uh and and and
I know eventually we got we just gotta make it.
We gotta keep having a conversation until it becomes cool.
Speaker 2 (16:14):
It like what Chanteraira was talking about the four one k.
Speaker 1 (16:16):
Yeah, your your employer pays some, she pays some, take
it out of your check fifty dollars a month. It
adds up in a big way. I got Eric from Shamblee.
He has a banking with a basic investment conversation.
Speaker 2 (16:29):
Question. Eric from Shamblee.
Speaker 1 (16:30):
You're on the call with Shan McDonald and financial guru
and a motivator, mister Ashcash.
Speaker 2 (16:37):
What's your question?
Speaker 7 (16:38):
Okay, Well, I mean I'm an artist and I also
want to try to work on licensing my art and promoted.
But that's my passion to make money. But I know
all the things that you're talking about, I don't know
anything about. I can't I don't know a pic of it,
(17:01):
you know, to say, Okay, I'm gonna add water and
sugar and I just start making a money take yep.
Speaker 3 (17:08):
Yeah yeah, So Eric, thank you, thank you for that.
Yeah yeah, now for sure, and thank you for that vulnerability.
Speaker 2 (17:13):
Right.
Speaker 3 (17:14):
What I would say is this, I would say, make
sure that you have a financial plan.
Speaker 2 (17:19):
And what does that mean.
Speaker 3 (17:21):
You know, when you get paid, whatever you do, whether
you still have a nine to five, whether it's your art,
whenever you get paid, what I want you to do
is put a certain amount aside, right, And so whether
it's thirty percent, ten percent, find out.
Speaker 2 (17:36):
An amount that you're comfortable with. Put that aside.
Speaker 3 (17:39):
And the first thing you're gonna do is you're gonna
you're gonna start building what I like to call your
financial freedom fund. And what that means is start to
build up an account that's six to eight months of expenses.
Speaker 2 (17:50):
Right.
Speaker 3 (17:50):
And so so we're not saying savings accounts are bad.
We're saying that actually good because they can save you,
you know, in case of an emergency. So start building
a financial freedom fund. But then also what you need
to start doing is is after or while you're building
that financial freedom fund. The truth of the matter is
that no one's gonna become financially free if they don't invest,
(18:12):
if they don't change their relationship with money. Because right now,
our relationship is that we're gonna work hard for money.
But the true relationship should be money should work hard
for you. And the only way that happens is if
you invest right. And so as you're building your financial
freedom fund, start to put money aside that you're gonna
start investing. And the good thing about doing it every
(18:33):
time you get paid is that you're not just taking
a lump sum.
Speaker 2 (18:36):
You're doing what's called dollar cost averaging.
Speaker 3 (18:39):
So whether you're investing in crypto, if you're investing in
the stock market, whatever you're investing in, you're actually doing
it on a periodic basis. And as you do it
on that periodic basic it's actually gonna grow for you.
But the number one thing before you invest a dollar
is to understand, you know, to have the information, the
(18:59):
knowledge on how to invest. And so there are tons
of podcasts out there, there's a lot of you know,
financial shows, out there. There are free resources on YouTube
that can actually teach you the basics of how to
get into it. I would start there and then and
and and then you start to build, you know, build
from there. Absolutely. I was just want to say.
Speaker 2 (19:20):
This on my nd rate.
Speaker 8 (19:22):
Now I've got I've got a little bit of money
right sitting in the drawer doing nothing.
Speaker 2 (19:28):
I hope it's not really sitting in the drawer. It's
not really in a drawer, is It's not really in
the drawer? Okay? Cool? We really need to talk.
Speaker 1 (19:35):
Offline and don't let nobody at track this phone either
because I'm done. I don't need to be on Channel
five tonight because somebody didn't sixty nine on my number.
Speaker 8 (19:44):
You said it's doing you know what I'm saying. This
money is just doing nothing. I mean it's only like
fifteen hundred dollars, but it's doing nothing.
Speaker 2 (19:52):
Right, But that's money though they could be stuff. Did
you not hear? What? What just take three hundred dollars
to go to cryptocurrency?
Speaker 1 (19:59):
I just want to give this advice to you and
everybody because we want to go to some more callers
and thank everybody for calling in on the show, and
especially thank you, because you're being honest about yourself, and
the only way you can move ahead is being honest
about your situation. What always drives me is about people
who go to church they tied. We see, God teaches
you how to save. He gives you the discipline to save,
(20:21):
but you do it for the church, but don't do
it for yourself. So you take that same discipline. So
when I tell people who in the church put a
little money inside, they look at me like, I ain't
got no money, but you got money for church though.
So I'm telling you take that same principle, that same
discipline that you have for church, and apply to yourself,
and you'll win twice the God blessing and the personal blessing.
Speaker 2 (20:42):
That's all I'm saying.
Speaker 1 (20:43):
And so if you take advantage of that knowledge that
we're trying to give you, and what you want to
win with is that.
Speaker 2 (20:48):
I value your call.
Speaker 1 (20:49):
I value your knowledge, But the discipline is what most
people make a mistake on. And I just wanted to
do a shout out to the people who go to
church to the people who do tie. Those are the
same people. And you know, we'll tell you. I don't
know how I'm gonna do that. I don't know how
I'm gonna pull together twenty dollars a week when you
give it twenty dollars to the church every week, and
that's forty dollars. All I'm saying is fifty dollars a month,
(21:11):
So you can get to that fifty dollars. And so
all I've ever said, and all Ash Cash is always saying,
is common sense. That's why I love this brother. He
talks from a commonsense perspective. Now we have Donald and
Conyer's he's a disabled veteran. How you doing and thank
you for serving our country? How you doing?
Speaker 2 (21:26):
Donald?
Speaker 5 (21:28):
I'm good, I'm good.
Speaker 7 (21:29):
Are you I'm really good?
Speaker 1 (21:31):
You're on the call with Ash Cash, and of course
i'm Rasean mcdonne's what's your what's your question?
Speaker 5 (21:36):
Yes? I was asking, as a veteran on a income,
how would I get into the game. I'm unemployable, so
I'm not able to work. I just get faced income
every month. So how would I be able to get
into that and not injure myself financially to take care
of my other financial obligation.
Speaker 3 (21:56):
Yeah, now that's a great question, and thank you for
your service. So what I what I would say is
similar to what I was telling mister Eric was really
you know, really about you know.
Speaker 2 (22:06):
Taking money from the side, right.
Speaker 3 (22:09):
And what happens is though when you are on a
fixed income, there's only two two ways, right, that you
could or three ways to increase your bottom line. You
either decrease expenses, increase your income, or do both things.
Speaker 2 (22:22):
Right.
Speaker 3 (22:22):
And so if you're on a fixed income, what I
would say is the first thing is to look at
your expenses and see, you know, what ways that you
could cut back some right, what ways can you use
I said, I said, what ways that you could cut
back on expenses? Because as you're as you're cutting back
on expenses, you now make you know, make way for
(22:44):
some income and then you use that income.
Speaker 2 (22:46):
Because what happens is this, once.
Speaker 3 (22:48):
You cut back, and even if you're cutting back on expenses,
it doesn't have to be permanently. It could be temporarily.
So that way you can gain you know, some money
to invest. And while you're investing and making your money
work for you, and that money starts to grow. Now
you're building money that you have access to that you
could either put back into the investment and let it
(23:08):
keep growing. Or if you wanted to supplement that that
expense you can. But so so I would say start
with decreasing your expense. See what you know, what things
you're spending money on that could potentially be decreased, and
then you know, start to look into investing money.
Speaker 1 (23:24):
And I'm gonna add this to you, a lot of
people don't realize that sometimes you don't try to invest
by yourself. Get a group of people together and start
educating yourself.
Speaker 2 (23:32):
Four or five people. If you got fifty dollars.
Speaker 1 (23:33):
That means five of y'all have two hundred and fifty
dollars that can be invested as a group. Now you're
not you're investing two hundred fifty dollars, So you're not
investing in your two hundred and fifty dollars.
Speaker 2 (23:42):
Plus you have.
Speaker 1 (23:43):
Other people doing research for you also invest in their
time because they're fifty dollars means something to you. So
I would say take the advice and ask gave you.
But also if you have some people start, don't get
in the game quick. There's no rush. What bothers me
about people that get a certain age, they feel like
I gotta hurry up and get there. No I don't
care if you sixty seventy eighty, take your time. If
(24:05):
you rush life right, life will in for you because
you're in a hurry. I am not in a hurry
to do nothing. I drive slow, I eat faster.
Speaker 2 (24:13):
You eat faster because I come from a big family,
six sisters, two brothers. You come from a big family.
You learn to eat fast. Brother. But I tell you this,
You're a blessing in this conversation because you're the typical
person who comes in who says I don't have enough.
Speaker 1 (24:28):
Will you do if you have friends, if you have
relatives who are willing to sign a contract, don't ever
just give somebody your money? Oh everybody. I find my brother, fied,
my sister. I find a lot of relatives because I
went down that route, thought they loved me, and then
they didn't want to show up for work. So I
know what you have to do to get people committed.
But all I want to do is thank you for
calling on the show. We'll be back next week. But again,
(24:49):
this is.
Speaker 2 (24:50):
Money making conversations live.
Speaker 1 (24:51):
I appreciate you, man, because of the fact that WCLK
is giving me a live opportunity to talk about this
opportunity to give you information and have an ass care
on the show and the and the Dean the Guru,
you know, doctor George Fraser on the shows. Me that's
all the blessing, thank you and we'll be here next week.
Money Making Conversation RuSHA McDonald.
Speaker 9 (25:12):
Thank you for joining us for this edition of Money
Making Conversations Masterclass. Money Making Conversations Masterclass with Rushan McDonald
is produced by thirty eight fifteen Media Inc. More information
about thirty eight fifteen Media Inc. Is available at thirty
eight fifteen media dot com.
Speaker 6 (25:31):
And always remember to lead with your gifts
If you're about to make a change in your life
and you feel uncomfortable, that's the best feeling you can have.
Speaker 2 (00:08):
Because for the first time in your life, you'll makeing a.
Speaker 1 (00:10):
Decision that's going to be best for you and not
what somebody told you to do.
Speaker 2 (00:15):
And that's when all bets are off.
Speaker 1 (00:17):
Welcome to Money Making Conversation Masterclass. I'm your host with
Sean McDonald. Our theme is there's no perfect time to
start following your dreams. I recognize that we all have
different definitions of success.
Speaker 2 (00:28):
For you and maybe decide to.
Speaker 1 (00:29):
Your HM, it's time to stop reading other people's success
stories to start living your own.
Speaker 2 (00:34):
Keep winning well.
Speaker 1 (00:42):
Welcome back to Money Making Conversation. I am your host
with Sean McDonald. I always see this all the time.
I tell people to stop reading other people's success stories
and start writing your own.
Speaker 2 (00:52):
That's important.
Speaker 1 (00:52):
When I tell it's about motivation and I don't know
if I can motivate people to understand how valuable they are.
And when I say that is that I get up
every day at four thirty am, a lot of.
Speaker 2 (01:02):
People go ooh.
Speaker 1 (01:03):
I mean even when I say that time, the average
person who every day, well, that's part of my plan.
So if you have a plan, because I have to
get up at that time, because if I get up
at six, then I realized that at four to thirty
I get up, I kind of stumble around the house.
Speaker 2 (01:18):
I pick up a newspaper. Nobody's bothering you.
Speaker 1 (01:20):
At four thirty in the morning, I watch a TV
show I want to watch. I can just make some
food that I want to eat. So set your time
to make you win. And so my next cast is
a guy that, first of all, the energy is beautiful.
If you still have questions about banking, about financial he's
a financial motivator, but I love the reason I love.
Speaker 2 (01:39):
Let me introduce him right quick again.
Speaker 1 (01:41):
Our call number is four zero four eight eight zero
nine two five five. That's four zero four eight eight
zero ninety two five five. The next guest is Ash Cash.
He's one of the nation's top financial educators, personal finance expert,
business coach, motivational speaker, for fifteen year banking executive, and
(02:02):
the author of many books, including four Amazon dot Com bestsellers.
I ain't even read one book we got, okay, I know,
I know, I know. He has been featured on many
media outlets as The CNN, The New York Times, Wall
Street Journal, America Bankers, CNBC, TheStreet, dot Com, Black Enterprise,
Essen Magazine, and Ebony. He is dubbed as the financial Motivator.
(02:23):
He used a culturally responsive approach and teaching financial literacy,
wealth building, and entrepreneurship above all. His credentials, accleades, and
titles actually simply known for helping people maximize their full potential.
That's what we deal here. Please work with the money
making conversations.
Speaker 3 (02:39):
Ash Cash, Hey, brother, thank you for having me look
at that for it. Man, I'm so excited because I'm
in the presence of a legend. Then I got there
here a legend on the far man. It's a beautiful day.
It's a beautiful day.
Speaker 2 (02:54):
Well, as you.
Speaker 1 (02:55):
Know, our relationship has been unique because we've seen each
other from Afar, yes, and then we met each other.
We fell in love like bruh, absolutely, and then the
whole approach was tied to your whole world is about
helping people. But the thing I like about you, because
the reason I brought you on the show with George
Georgie Fraser, Doctor George Fraser, is that he's a technical guy.
So sometimes you can get lost in his technical, technical
(03:17):
style of teaching. Well, you are a common systence no,
no negative of doctor GEORGEI Frasier. But you break it down,
it's such a common natural way that doesn't throw fear
into people.
Speaker 2 (03:29):
Yeah, talk about that.
Speaker 3 (03:30):
Yeah, you know, it's funny because you mentioned I was
a fifteen year banking executive. So first and foremost I
grew up in projects, right, And so growing up in
the projects, really didn't have money hustler you know, you know,
packing bags at a doing selling mix stats and T shirts.
Speaker 2 (03:46):
So I know that entrepreneur life.
Speaker 3 (03:48):
But I was fortunate to get into banking, and I
started at nineteen years old and did everything in banking
from personal bank or private banker, branch manager see over
credit Union, right. And when I realized when I was
a private bank, I was managing money for wealthy individuals
and they had a team. But then I thought about
my people back at home, and I said, we don't
even got one person teaching about money. So I said,
(04:09):
you know, in the words of the honorable Sean called
a jay Z, there's much bigger issues in the world.
Speaker 2 (04:14):
I know, But I first had to take care of
the world.
Speaker 3 (04:17):
I know, and So for me, I said, listen, if
I'm a guy who's from the neighborhood, I understand hip hop,
I understand the language. I understand you know what we
need from our community. And you know I was able
to make it to the c suite and from a
banking perspective, what if I just took that knowledge and
I brought it back to our people and as they say,
(04:37):
put the medicine in the candy, right, and so that
and and that's been my life, like that is my life.
Speaker 2 (04:42):
Mission is exactly what doctor.
Speaker 3 (04:44):
Fraser was saying was really you know, you know, closing
that wealth gap specifically for our people, because we have,
you know, everything that we need to live the best
possible life. We just need the education and we need
we need that education in a way that we can
understand it. And then once we understand it, then there's
no excuse while we're not implementing it.
Speaker 2 (05:05):
Cool.
Speaker 1 (05:05):
We have a call here Chantale and Marietta, Georgia. You
have a question about investment. Please welcome to the show.
You on the airline with me, not right now, I'm
an interviewing Ash Cash and of course I'm ru Sean McDonald.
What'd you have to say, chantel, what's your question?
Speaker 4 (05:18):
How you guys doing the season. I'm curious. I've been
listening for you all a couple of days now to
hear about young people getting educated and taking a chance
and investing. I'm curious. I've been doing like I have
a ninety five work for a government, but the passive
income in between just trying to find my niche I
(05:39):
keep doing.
Speaker 2 (05:40):
Like these.
Speaker 4 (05:43):
Quick little schemes. I guess so maybe door dasher, instacart
or trying to make just that income in between instead
of check to check my next endeavor. I'm curious about
taking a chance with investment for ATM and if you
think it's profitable, I am in the Marietta outside Atlanta
area and not just have the goal for one After
(06:03):
the next minute, grow.
Speaker 2 (06:06):
Let me, let me, let me, let me cut you
off a little bit right quick, because you said a
word that I ever want you to use when you're
talking about your investment, the words scheme. Yes, yeah, see
when that came out, I'm gonna let ask cash talk.
Speaker 1 (06:18):
But we're in the same way. You got you got,
she said, scheme. I said, I've.
Speaker 2 (06:23):
Never used the word scheme playing in my financial future.
I'm afraid that somebody go with the logo come in
through the back door, in the front door.
Speaker 4 (06:29):
I repra.
Speaker 2 (06:32):
I don't do that. Hustle thought, yeah, yeah, yeah, that's
not better either. That's not better either.
Speaker 5 (06:38):
You know.
Speaker 3 (06:38):
The the here's the here's the thing is that you know,
focus on what you really want to focus on, and
not necessarily the money aspect of it, right, because like
you said, you have the nine to five, right, and
then now you're trying to find another way to create
passive income. I have been in that same spot before,
(07:01):
and I have been in your spot where I was
trying different things with my in and this and and that.
And the thing that happened was I said, you know what,
forget the money, right, meaning that if I'm only chasing money,
then I am wasting my time because money's.
Speaker 2 (07:14):
Gonna come and go.
Speaker 3 (07:15):
You're gonna realize that money's gonna come and go. But
if you chase after something that you are aligned with,
not hustling, right, not a scheme, but I want you
to be aligned with what you're doing.
Speaker 4 (07:26):
Right.
Speaker 2 (07:26):
So I'll give you an example. So for me, I said, hey,
I want.
Speaker 3 (07:29):
To educate people, but me educating people, I said, how
am I gonna pay I got married, I got two kids.
How am I gonna pay the bills by just educating?
Speaker 2 (07:39):
But my passion. I was going to inner city schools.
Speaker 3 (07:41):
I was teaching financial literacy, and I said, how can
I turn my passion into a business, right, not a
side hustle, not a scheme, but actual business? And then
I said, oh, let me write a book. Then I said,
let me go, you know, go to schools in and
become a speaker. Let me go correct, right, And I
think that that's what you need to find out first
and foremost is what are you passionate about?
Speaker 2 (08:04):
And does that passion feel a need? And how can
you feel that need?
Speaker 3 (08:08):
Once you do that and you start making money, then
let's start talking about how we could take that money,
like doctor Fraser said, and start investing it in different
vehicles so that money could grow. But first, but if
you but if you're after the money first, I personally wouldn't.
Speaker 2 (08:23):
Say to do that.
Speaker 3 (08:24):
I would say, find that passion, find how you that
passion could feel a need, and once you have that
need filled that you start making money from it. Now
take some of that money and start investing in other places.
Speaker 2 (08:35):
So it could grow and I'm just follow this up chantail.
Money is interesting.
Speaker 1 (08:39):
Money is really interesting because it makes people make bad
decision and good decisions. Okay, the bad decision is that
if you invest something that you can't lose, and a
lot of people don't understand that.
Speaker 2 (08:51):
See, you can invest if you.
Speaker 1 (08:52):
If your time is valuable, which it should be, people
invest it, but they'll understand that investment that you can lose,
you can't get time back.
Speaker 2 (08:59):
And so when you.
Speaker 1 (09:00):
Put it out there, and so people understand that money
is the same thing. And so I run the opportunity
to route too. I will tell people all the time,
I said, when I go into the grocery store, my
goal has always been I just buy what I want.
I technically don't even look at the price. Now I
do shop with coupons. If I have some coupons, I
(09:20):
go in there make sure if I got two eggs
or seventy five cents off of of milk or I
will do that.
Speaker 2 (09:26):
That's when I'm looking for a price. But technically I'm
just going in there.
Speaker 1 (09:29):
But I'm also a guy who will take advantage of
an opportunity. And I'm just telling you, is that just
reframe your thought process. Don't use words like hustle, don't
use words like scheme, because you need to articulate your
conversation to people who appreciate the value of a plan.
And right now, just put your plan in action. Realize
your time is an investment, and then you should outline
(09:51):
your time with a schedule, and that schedule has to
be consistent. And when it's consistent, like I said earlier,
I get up at four thirty every day.
Speaker 2 (09:58):
Monday through Friday. That's my winning time.
Speaker 1 (10:00):
Your winny time might be five thirty, your windy time
might be six thirty. But what your winning time can
be four thirty on Tuesday, six o'clock on Wednesday, seven
o'clock on Thursday, three o'clock on Friday. Your body and
your mind be whack. And so so I just want
you to understand that. Thank you for calling the show today,
and but call back and be a friend of the show,
because what we want to do here is elevate your
(10:22):
thought process to know that you can win by getting
information off on show, money making conversation, and you can
win by listening to Wcoka.
Speaker 2 (10:30):
Is that all right, Chantell?
Speaker 4 (10:32):
Most definitely, I guess I want to say to be
able to put back into my four one. My dad
had to break it down. I was cooeless and didn't
know that investing into your four one is not only
coming out of a paycheck. I thought. I didn't know
that it could just come out of your pocket and
be put back into investing in retiring. I was new
to that, Like, oh really, I didn't. I wasn't just
(10:53):
made away, you know, you don't learn these things in
high school. And all my passion is to have the
business and to have different entities under it. That'll be
my my my, and to help out others, you know,
where I can maybe we can split and go on
to the next ATM or the next endeavor I want
to give back as well, or you know, kind of
put somebody onto you know, the business as well, so
(11:14):
they're they're able to make pass income.
Speaker 2 (11:17):
Yeah.
Speaker 3 (11:17):
And the one the one thing I would say, chantel
is really about the research, you know, because you know,
whatever you focus on, there's somebody right now who's making
millions of dollars by by selling plastic pins, right and
so it's really what you focus on, and so understanding
what it's going to take to to invest in the
ATM business. Uh, you know what time you have to
(11:38):
dedicate to it, and then also you know what the
returns are and if you're willing to do what it
takes or are you going to have to hire someone?
So really, as Rashaun mentioned, it's really the plan and
making sure you have the plan first. And then once
you have the plan, and and once the plan is
sound and it's viable, I would say execute.
Speaker 1 (11:56):
And then and then you execute with the whole idea
that you cannot lose. But if you lose, don't let
it traumatize you. Because I have lost. I have lost,
and I tell people all the time. That's why we're
trying to share my flaws when I talk to people,
because if you look at a person who always says
he's successful all the time, he's lying. And if you
look at the person who don't want to share their flaws,
(12:18):
stop talking to him. And I want to thank you
Chantelle for calling the show money Making Conversations.
Speaker 6 (12:23):
Please don't go anywhere. We'll be right back with more
Money Making Conversations Masterclass. Welcome back to the Money Making
Conversations Masterclass hosted by Rashaan McDonald. Money Making Conversations Masterclass
continues online at Moneymakingconversations dot com and follow money Making
Conversations Masterclass on Facebook, Twitter, and Instagram.
Speaker 1 (12:47):
I got people talking saying to my number for me
saying my name money Making Conversations doctor Georgey phrase he
blew it up. Information is available on money Making Conversation
dot com about him money Making Conversation dot Com. Information
the available body him if you if you go to
the contact area and feel that out, we will definitely
send the information over to him.
Speaker 2 (13:08):
Like you said then, he said seven decades, he said
eight eight decades. He said, seventy seven, eight decades, eight decades. Well,
knowledge and wisdom. Well, you know we're not eight decades. Yeah,
not yet, but we want to get there.
Speaker 1 (13:21):
But my ass cast, you know, like I was saying earlier,
you know, you're one of the nationest top financial educators,
personal finance expert, business coach, and motivational speakers. And that
whole motivational speaking part is what I want to get
into right now because so many people want to hear
the word like in church now they want to hear
the Bible. So many people want to hear how to
(13:41):
be successful, but don't want to put the work in
or follow the rules of the Bible. It's the same
thing in the financial world that you in.
Speaker 2 (13:48):
You people come.
Speaker 1 (13:49):
Up with you, take photos with you, say, man, how
can I want to give you the business card? What
frustrates you most when people don't do what you're advising
to do because you can't tell them what you advise.
Speaker 3 (14:00):
Yeah, yeah, I think I think the most frustrating part
is uh, just people complaining, you know, uh, because because
here's the deal, because uh, we all have a choice,
right Uh. Being broke is difficult, being successful is difficult.
Speaker 2 (14:17):
You just gotta choose the difficult that you want.
Speaker 3 (14:20):
And so if you choose the difficult, that says, hey,
I'm gonna be broke, I'm not gonna know how to
you know, take care of my family.
Speaker 2 (14:26):
I'm gonna I'm gonna worry about how to make ends
meet and things of that nature.
Speaker 3 (14:30):
And there's somebody who's taking time to show you, you know,
how to you know, how to do that, how to
get to the next level of life, and just to
you know, be somebody who is taking up that knowledge
and not implementing. I think that's the most frustrating part
because there's a lot of people out there that want
the information, who would love to have somebody give them
(14:51):
the information. And so if you are, you know, you know,
wasting time, you're you're in the you're in the way
of somebody else who is willing to implement. So other
than that, I think that's the frustrating part. But the
truth of the matter too is I also know that
it doesn't happen overnight, right, right, And so I know
that there are people who, you know, what we're saying
(15:12):
is shaking up their mindset, right, Like doctor Fraze just says,
don't waste.
Speaker 2 (15:16):
Your time on savings.
Speaker 6 (15:18):
Right.
Speaker 3 (15:18):
He didn't say that verbatim, but he's saying, listen, you
are wasting your time on you know, if you're saving
your month for percent, right, half a percent, right, so
it's not even one percent, it's half of eight percent, right.
And so as a former fifteen year big and executive,
I approve that message. But you gotta think, right, you
gotta think in our neighborhood that like, like that's what
(15:39):
they told us, they said, to go to work, work hard,
save your money. But if you save your money, you're
losing money. And I think that, you know, it's a
whole big paradigm shift that's happening. And so I get it.
We're shaking up people's world.
Speaker 2 (15:51):
That's all they knew.
Speaker 3 (15:52):
They grandmothers and parents are telling them save, save, save, safe, save,
And now the paradigm is invest invest in. That's and
so people might not get it on the first time.
And so for me, I'm happy that the conversations are happy,
the money making conversations are happening. Uh and and and
I know eventually we got we just gotta make it.
We gotta keep having a conversation until it becomes cool.
Speaker 2 (16:14):
It like what Chanteraira was talking about the four one k.
Speaker 1 (16:16):
Yeah, your your employer pays some, she pays some, take
it out of your check fifty dollars a month. It
adds up in a big way. I got Eric from Shamblee.
He has a banking with a basic investment conversation.
Speaker 2 (16:29):
Question. Eric from Shamblee.
Speaker 1 (16:30):
You're on the call with Shan McDonald and financial guru
and a motivator, mister Ashcash.
Speaker 2 (16:37):
What's your question?
Speaker 7 (16:38):
Okay, Well, I mean I'm an artist and I also
want to try to work on licensing my art and promoted.
But that's my passion to make money. But I know
all the things that you're talking about, I don't know
anything about. I can't I don't know a pic of it,
(17:01):
you know, to say, Okay, I'm gonna add water and
sugar and I just start making a money take yep.
Speaker 3 (17:08):
Yeah yeah, So Eric, thank you, thank you for that.
Yeah yeah, now for sure, and thank you for that vulnerability.
Speaker 2 (17:13):
Right.
Speaker 3 (17:14):
What I would say is this, I would say, make
sure that you have a financial plan.
Speaker 2 (17:19):
And what does that mean.
Speaker 3 (17:21):
You know, when you get paid, whatever you do, whether
you still have a nine to five, whether it's your art,
whenever you get paid, what I want you to do
is put a certain amount aside, right, And so whether
it's thirty percent, ten percent, find out.
Speaker 2 (17:36):
An amount that you're comfortable with. Put that aside.
Speaker 3 (17:39):
And the first thing you're gonna do is you're gonna
you're gonna start building what I like to call your
financial freedom fund. And what that means is start to
build up an account that's six to eight months of expenses.
Speaker 2 (17:50):
Right.
Speaker 3 (17:50):
And so so we're not saying savings accounts are bad.
We're saying that actually good because they can save you,
you know, in case of an emergency. So start building
a financial freedom fund. But then also what you need
to start doing is is after or while you're building
that financial freedom fund. The truth of the matter is
that no one's gonna become financially free if they don't invest,
(18:12):
if they don't change their relationship with money. Because right now,
our relationship is that we're gonna work hard for money.
But the true relationship should be money should work hard
for you. And the only way that happens is if
you invest right. And so as you're building your financial
freedom fund, start to put money aside that you're gonna
start investing. And the good thing about doing it every
(18:33):
time you get paid is that you're not just taking
a lump sum.
Speaker 2 (18:36):
You're doing what's called dollar cost averaging.
Speaker 3 (18:39):
So whether you're investing in crypto, if you're investing in
the stock market, whatever you're investing in, you're actually doing
it on a periodic basis. And as you do it
on that periodic basic it's actually gonna grow for you.
But the number one thing before you invest a dollar
is to understand, you know, to have the information, the
(18:59):
knowledge on how to invest. And so there are tons
of podcasts out there, there's a lot of you know,
financial shows, out there. There are free resources on YouTube
that can actually teach you the basics of how to
get into it. I would start there and then and
and and then you start to build, you know, build
from there. Absolutely. I was just want to say.
Speaker 2 (19:20):
This on my nd rate.
Speaker 8 (19:22):
Now I've got I've got a little bit of money
right sitting in the drawer doing nothing.
Speaker 2 (19:28):
I hope it's not really sitting in the drawer. It's
not really in a drawer, is It's not really in
the drawer? Okay? Cool? We really need to talk.
Speaker 1 (19:35):
Offline and don't let nobody at track this phone either
because I'm done. I don't need to be on Channel
five tonight because somebody didn't sixty nine on my number.
Speaker 8 (19:44):
You said it's doing you know what I'm saying. This
money is just doing nothing. I mean it's only like
fifteen hundred dollars, but it's doing nothing.
Speaker 2 (19:52):
Right, But that's money though they could be stuff. Did
you not hear? What? What just take three hundred dollars
to go to cryptocurrency?
Speaker 1 (19:59):
I just want to give this advice to you and
everybody because we want to go to some more callers
and thank everybody for calling in on the show, and
especially thank you, because you're being honest about yourself, and
the only way you can move ahead is being honest
about your situation. What always drives me is about people
who go to church they tied. We see, God teaches
you how to save. He gives you the discipline to save,
(20:21):
but you do it for the church, but don't do
it for yourself. So you take that same discipline. So
when I tell people who in the church put a
little money inside, they look at me like, I ain't
got no money, but you got money for church though.
So I'm telling you take that same principle, that same
discipline that you have for church, and apply to yourself,
and you'll win twice the God blessing and the personal blessing.
Speaker 2 (20:42):
That's all I'm saying.
Speaker 1 (20:43):
And so if you take advantage of that knowledge that
we're trying to give you, and what you want to
win with is that.
Speaker 2 (20:48):
I value your call.
Speaker 1 (20:49):
I value your knowledge, But the discipline is what most
people make a mistake on. And I just wanted to
do a shout out to the people who go to
church to the people who do tie. Those are the
same people. And you know, we'll tell you. I don't
know how I'm gonna do that. I don't know how
I'm gonna pull together twenty dollars a week when you
give it twenty dollars to the church every week, and
that's forty dollars. All I'm saying is fifty dollars a month,
(21:11):
So you can get to that fifty dollars. And so
all I've ever said, and all Ash Cash is always saying,
is common sense. That's why I love this brother. He
talks from a commonsense perspective. Now we have Donald and
Conyer's he's a disabled veteran. How you doing and thank
you for serving our country? How you doing?
Speaker 2 (21:26):
Donald?
Speaker 5 (21:28):
I'm good, I'm good.
Speaker 7 (21:29):
Are you I'm really good?
Speaker 1 (21:31):
You're on the call with Ash Cash, and of course
i'm Rasean mcdonne's what's your what's your question?
Speaker 5 (21:36):
Yes? I was asking, as a veteran on a income,
how would I get into the game. I'm unemployable, so
I'm not able to work. I just get faced income
every month. So how would I be able to get
into that and not injure myself financially to take care
of my other financial obligation.
Speaker 3 (21:56):
Yeah, now that's a great question, and thank you for
your service. So what I what I would say is
similar to what I was telling mister Eric was really
you know, really about you know.
Speaker 2 (22:06):
Taking money from the side, right.
Speaker 3 (22:09):
And what happens is though when you are on a
fixed income, there's only two two ways, right, that you
could or three ways to increase your bottom line. You
either decrease expenses, increase your income, or do both things.
Speaker 2 (22:22):
Right.
Speaker 3 (22:22):
And so if you're on a fixed income, what I
would say is the first thing is to look at
your expenses and see, you know, what ways that you
could cut back some right, what ways can you use
I said, I said, what ways that you could cut
back on expenses? Because as you're as you're cutting back
on expenses, you now make you know, make way for
(22:44):
some income and then you use that income.
Speaker 2 (22:46):
Because what happens is this, once.
Speaker 3 (22:48):
You cut back, and even if you're cutting back on expenses,
it doesn't have to be permanently. It could be temporarily.
So that way you can gain you know, some money
to invest. And while you're investing and making your money
work for you, and that money starts to grow. Now
you're building money that you have access to that you
could either put back into the investment and let it
(23:08):
keep growing. Or if you wanted to supplement that that
expense you can. But so so I would say start
with decreasing your expense. See what you know, what things
you're spending money on that could potentially be decreased, and
then you know, start to look into investing money.
Speaker 1 (23:24):
And I'm gonna add this to you, a lot of
people don't realize that sometimes you don't try to invest
by yourself. Get a group of people together and start
educating yourself.
Speaker 2 (23:32):
Four or five people. If you got fifty dollars.
Speaker 1 (23:33):
That means five of y'all have two hundred and fifty
dollars that can be invested as a group. Now you're
not you're investing two hundred fifty dollars, So you're not
investing in your two hundred and fifty dollars.
Speaker 2 (23:42):
Plus you have.
Speaker 1 (23:43):
Other people doing research for you also invest in their
time because they're fifty dollars means something to you. So
I would say take the advice and ask gave you.
But also if you have some people start, don't get
in the game quick. There's no rush. What bothers me
about people that get a certain age, they feel like
I gotta hurry up and get there. No I don't
care if you sixty seventy eighty, take your time. If
(24:05):
you rush life right, life will in for you because
you're in a hurry. I am not in a hurry
to do nothing. I drive slow, I eat faster.
Speaker 2 (24:13):
You eat faster because I come from a big family,
six sisters, two brothers. You come from a big family.
You learn to eat fast. Brother. But I tell you this,
You're a blessing in this conversation because you're the typical
person who comes in who says I don't have enough.
Speaker 1 (24:28):
Will you do if you have friends, if you have
relatives who are willing to sign a contract, don't ever
just give somebody your money? Oh everybody. I find my brother, fied,
my sister. I find a lot of relatives because I
went down that route, thought they loved me, and then
they didn't want to show up for work. So I
know what you have to do to get people committed.
But all I want to do is thank you for
calling on the show. We'll be back next week. But again,
(24:49):
this is.
Speaker 2 (24:50):
Money making conversations live.
Speaker 1 (24:51):
I appreciate you, man, because of the fact that WCLK
is giving me a live opportunity to talk about this
opportunity to give you information and have an ass care
on the show and the and the Dean the Guru,
you know, doctor George Fraser on the shows. Me that's
all the blessing, thank you and we'll be here next week.
Money Making Conversation RuSHA McDonald.
Speaker 9 (25:12):
Thank you for joining us for this edition of Money
Making Conversations Masterclass. Money Making Conversations Masterclass with Rushan McDonald
is produced by thirty eight fifteen Media Inc. More information
about thirty eight fifteen Media Inc. Is available at thirty
eight fifteen media dot com.
Speaker 6 (25:31):
And always remember to lead with your gifts
The Steve Harvey Morning Show News
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.
The Nikki Glaser Podcast
Every week comedian and infamous roaster Nikki Glaser provides a fun, fast-paced, and brutally honest look into current pop-culture and her own personal life.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.