EP 16 - Wealth-Building Wisdom: Insurance Is Your Foundation
02/28/24 • 40 min
Christopher McKenzie, a Navy veteran turned Financial Agent, joins me to highlight the transformative power of Financial Education. Spurred by a pivotal Black Enterprise article, Christopher's odyssey from military life to a finance maven is nothing short of inspirational. He highlights the multifaceted benefits of life insurance—particularly Index Universal Life policies—and how they can be leveraged beyond mere death benefits to establish generational wealth. Our exchange goes deep into the tax perks outlined in IRC 7702A, uncovering a realm of financial strategy oft-ignored but crucial for communities historically left out of the wealth narrative. Financial know-how is more than just balancing a checkbook; it's the linchpin for both individual prosperity and collective political clout. Our conversation cuts to the core of why financial literacy is so vital, examining the sharp contrast between mere income and true economic advancement. We discuss the state of the Black community and the opportunities to improve the power of it's dollar by stressing the importance of prudent purchasing decisions, especially when it comes to significant investments like vehicles. By focusing on steady growth rather than the allure of keeping up with the Joneses, we have a passionate discussion about a path to true financial freedom.
📺 You can watch this episode on Moses The Mentor's YouTube page and don't forget to subscribe: https://youtu.be/0ceFE5m1-t0
🎯Connect with Christopher McKenzie: [email protected]
🎯Connect with Moses The Mentor: https://mtr.bio/moses-the-mentor
☕If you value my content consider buying me a coffee: https://www.buymeacoffee.com/mosesthementor
🎯Support Money Focused Podcast: https://www.buzzsprout.com/2261865/support
Christopher McKenzie, a Navy veteran turned Financial Agent, joins me to highlight the transformative power of Financial Education. Spurred by a pivotal Black Enterprise article, Christopher's odyssey from military life to a finance maven is nothing short of inspirational. He highlights the multifaceted benefits of life insurance—particularly Index Universal Life policies—and how they can be leveraged beyond mere death benefits to establish generational wealth. Our exchange goes deep into the tax perks outlined in IRC 7702A, uncovering a realm of financial strategy oft-ignored but crucial for communities historically left out of the wealth narrative. Financial know-how is more than just balancing a checkbook; it's the linchpin for both individual prosperity and collective political clout. Our conversation cuts to the core of why financial literacy is so vital, examining the sharp contrast between mere income and true economic advancement. We discuss the state of the Black community and the opportunities to improve the power of it's dollar by stressing the importance of prudent purchasing decisions, especially when it comes to significant investments like vehicles. By focusing on steady growth rather than the allure of keeping up with the Joneses, we have a passionate discussion about a path to true financial freedom.
📺 You can watch this episode on Moses The Mentor's YouTube page and don't forget to subscribe: https://youtu.be/0ceFE5m1-t0
🎯Connect with Christopher McKenzie: [email protected]
🎯Connect with Moses The Mentor: https://mtr.bio/moses-the-mentor
☕If you value my content consider buying me a coffee: https://www.buymeacoffee.com/mosesthementor
🎯Support Money Focused Podcast: https://www.buzzsprout.com/2261865/support
Previous Episode
EP 15 - Sunbelt Investing: Single Family Scaling Success
Ever wondered how a college student's determination and a book could spawn a real estate empire? In a candid conversation with Davis Mendez, the mastermind behind Sunbelt Homes, we uncover his inspiring leap from college student to real estate entrepreneur. He leads us through the early days of tireless cold-calling, the eye-opening impact of "Rich Dad, Poor Dad," and his astute first deal that set the cornerstone for his company's ascent. Davis's fusion of creative thinking with cutting-edge technology, carving out Sunbelt Homes' niche in a fiercely competitive industry, is a narrative no aspiring entrepreneur should miss. As we dissect the precision involved in property flipping and single-family home investments, you'll be privy to insider knowledge like the artistry of deal analysis and why a perpetual student mentality is your secret weapon in this game. We don't just stop at the tactics; we examine underlying trends, such as the built-to-rent wave and how the current interest rate climate is reshaping the real estate landscape. Allow Davis's tale to be your compass, revealing the tenacity of veteran investors and the decisive impact of a well-recognized brand on securing a consistent stream of opportunities.
📺 You can watch this episode on Moses The Mentor's YouTube page and don't forget to subscribe: https://youtu.be/IWyUZyVZ9lo
🎯Connect with Davis Mendez: @davisrealestate_ on Instagram and visit his website: sunbelthomes.us
🎯Connect with Moses The Mentor: https://mtr.bio/moses-the-mentor
☕If you value my content consider buying me a coffee: https://www.buymeacoffee.com/mosesthementor
🎯Support Money Focused Podcast: https://www.buzzsprout.com/2261865/support
Next Episode
EP 17 - Engineer to Entrepreneur: Buy Real Estate To Quit Your Job
If you ever thought about quitting your job to build your own business and attain financial freedom then make sure to check this out. In this episode Mathew Pezon of Pezon Properties maps out his journey from the structured world of chemical engineering to the dynamic realm of real estate investing. Through disciplined strategies and pivotal moments, Mathew built an impressive $25 million portfolio, all the while maintaining his nine-to-five. This episode breaks down the myths about needing to leave your job to succeed in real estate, stressing the foundational trio of credit, savings, and budgeting to unlock true bankability. Pull up a chair and get ready for an insightful exploration into the nuanced lessons Matthew gleaned from his corporate career, which ingeniously informed his investment approaches. Listen as we wade through the challenges of juggling full-time work with property deals, the indispensable role of support networks, and the entrepreneurial spirit that catalyzed Matthew's growth. Whether you're a novice or a veteran in the investment game, you’ll find valuable insights and inspiration to fuel your own journey toward financial autonomy.
📺 You can watch this episode on Moses The Mentor's YouTube page and don't forget to subscribe: https://youtu.be/IWyUZyVZ9lo
🎯Connect with Mathew Pezon: @pezonproperties on Instagram and visit his website pezonproperties.com
🎯Connect with Moses The Mentor: https://mtr.bio/moses-the-mentor
☕If you value my content consider buying me a coffee: https://www.buymeacoffee.com/mosesthementor
🎯Support Money Focused Podcast: https://www.buzzsprout.com/2261865/support
🔔Subscribe to my channel for Real Estate & Personal Finance tips https://www.youtube.com/@mosesthementor?sub_confirmation=1
Money Focused Podcast - EP 16 - Wealth-Building Wisdom: Insurance Is Your Foundation
Transcript
Welcome to the Money Focus podcast . I'm your host , moses , the Mentor . In this episode , I'm joined by a distinguished financial professional . His name is Christopher McKenzie and he's on with the MBA and also a deep understanding and expertise of wealth building , and he's here to discuss the transformative powers of financial education , particularly its impact to the black communi
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