October 22, 2025 • 45 mins
In this eye-opening episode of Chats with GiGi, host GiGi Diaz welcomes financial advisor Jasmine Glover to explore startling financial statistics among Hispanic women and millennials. They dive into the importance of not just earning but multiplying money, the psychological barriers women face in financial planning, and practical steps to build a robust financial future. Jasmine provides clear guidance on consulting financial advisors, maintaining multiple income streams, and fostering a healthy mindset towards money. Join this conversation to uncover how you can start building your financial empire with clarity and confidence.
00:00 Shocking Financial Statistics
01:42 Introducing Jasmine Glover: Financial Advisor
04:25 The Struggles of Black and Brown Women in Finance
11:48 Understanding Financial Literacy
15:26 Defining Retirement and Planning for the Future
21:45 Demystifying the Stock Market
23:35 Exploring Multiple Income Streams
24:00 The Journey of Entrepreneurship
25:37 Diversifying Income Sources
30:29 Leveraging AI and Technology
34:19 Implementing Systems for Success
39:05 Mindset and Financial Planning
43:29 Final Thoughts and Takeaways
Contact Jasmine Glover - www.instagram.com/iamjasminecglover
Ready to elevate your business structure for Profitable Simplicityy™? Learn about the Simple Business System™ here -> https://www.seizinghappy.com/sbs
00:00 Shocking Financial Statistics
01:42 Introducing Jasmine Glover: Financial Advisor
04:25 The Struggles of Black and Brown Women in Finance
11:48 Understanding Financial Literacy
15:26 Defining Retirement and Planning for the Future
21:45 Demystifying the Stock Market
23:35 Exploring Multiple Income Streams
24:00 The Journey of Entrepreneurship
25:37 Diversifying Income Sources
30:29 Leveraging AI and Technology
34:19 Implementing Systems for Success
39:05 Mindset and Financial Planning
43:29 Final Thoughts and Takeaways
Contact Jasmine Glover - www.instagram.com/iamjasminecglover
Ready to elevate your business structure for Profitable Simplicityy™? Learn about the Simple Business System™ here -> https://www.seizinghappy.com/sbs
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:03):
This is Chats with gg a podcast for women who
are ready to step into their power, get unstuck, and
create more freedom in all.
Speaker 2 (00:13):
Areas of life.
Speaker 1 (00:14):
I'm your host, GGDZ, certified life and business coach, media
personality and multi passionate entrepreneur. I've helped hundreds of women
find the necessary clarity, confidence, and courage to build their
dream life and achieve success with less stress. If you're
(00:34):
seeking weekly motivation, practical and spiritual advice, and tangible resources
to scale in life and in business, then you're in
the right place.
Speaker 2 (00:45):
Are you ready? Here we go.
Speaker 1 (00:48):
So I just read these wild numbers that forty five
percent of Hispanic women do not have a savings account,
twenty five percent, only twenty five five percent of Hispanic
women feel confident about their money and knowing what to
do with it and knowing how to multiply it, and
(01:10):
something along the lines of like eighty something percent of
millennials do not have a retirement plan or some sort
of money waiting for them when they quote unquote stop working.
And I know some of us think, well, I'm never
going to stop working. I love what I do, But
you're going to work forever. And so in addition to
these wild numbers, you've heard me talk over and over
(01:34):
and over again forever about how women in business often
focus so much on the sales, on scaling, making more money,
and serving our clients and providing for our families, but
none of us like to think about how to make
the money make itself. Many of us are not exploring
(01:58):
other ways to make the money to apply that doesn't
directly connect with our business, with our profession, with our expertise.
And really what that translates to is you're leaving money
on the table because if there is any way that
the money can multiply outside of your zone of genius,
even which I know already, I can feel somebody being
(02:18):
triggered and saying, well, I'm.
Speaker 2 (02:20):
Not gonna go and make money in a way that
I don't know how to make money. Well, that's the
whole point is to learn new ways to make money.
Speaker 1 (02:25):
And so that's why I'm so excited for this episode.
Jasmine Glover is a financial advisor, and she is here
to talk about how to help us make money multiply
in a way that is not scary, in a way
that is fun, in a way that is exciting because.
Speaker 2 (02:43):
I get it.
Speaker 1 (02:44):
Sometimes there's a lot of pressure, there's a lot of
fear about doing unknown things, and especially if we've worked really,
really hard to make our money, then you don't want
to really go do something on known with it and
not come back with all of it or more of it.
So thank you for being here and sharing your genius
with me and with our listeners today.
Speaker 3 (03:05):
Thank you for having me Gg being on the show.
For the record.
Speaker 1 (03:11):
Those that came to Move Breath Grow you already know, Jasmine.
She was one of our speakers at MDG, which is
our flagship event that we do every year for our
legacy makers inside the Seizing Happy tribe, and you shared
a lot of gems there. But I want to go
deeper on this episode. However, before we start, I have
(03:31):
to ask you the question I ask every guest on
the show. How are you seizing happy today?
Speaker 4 (03:39):
I think seasing happy? Thank you for that question. But
seizing happy for me individually means being present and being
in the full moment, letting go of anxiety, letting go
of the stresses of yesterday, the anxiety for tomorrow, and
just appreciating what's around me.
Speaker 3 (04:00):
I go to the gym faithfully every single morning, I'm
up at four.
Speaker 2 (04:04):
You call it your sanctuary.
Speaker 3 (04:05):
I see your stories.
Speaker 2 (04:06):
I'm like, yeah, there she is.
Speaker 3 (04:09):
Is my sanctuary.
Speaker 4 (04:10):
I really feel like there's a spiritual connection with me
going to the gym and just really being out of
my thoughts.
Speaker 3 (04:16):
I have to be president.
Speaker 4 (04:17):
If I have a heavy weight and I'm squatting, I
got to be present to make sure the squats don't.
Speaker 3 (04:22):
Fall on me.
Speaker 4 (04:23):
So that's why I call it my sanctuary, because it
allows me to seize a moment, seize my thoughts, and
then fully embrace what's around me, and for me, that
makes me happy. It brings me calm, It brings me stillness,
and I think stillness is very important to hear and
be able to receive whatever. I'm very spiritual, so whatever
the spirit or God is trying to instruct us to.
Speaker 3 (04:42):
Be or to go, it allows us to do that.
So I hope that's clear.
Speaker 1 (04:47):
I have to work so hard right now to stay
focused on the topic of this episode because we're about
to do and my whole brain app thirty five questions
I want to ask you that have nothing to do
with what we initially said we're going to talk about.
Speaker 2 (05:00):
I'm not going to do that. I'm gonna save those
for later if we have time.
Speaker 3 (05:02):
So here's the thing.
Speaker 1 (05:04):
You and I have talked a lot, and I'm going
to dive right in headfirst because I know we have
the depth in you to answer this damn question. Aside
from the obvious pay gap that we already know exists,
what is the reason why black and brown women are
struggling so much to build our financial empires? What are
(05:26):
we missing? I know you know because you're building yours.
We've talked about your discipline with money, how you are
very diligent about how things need to get done. Now,
the difference is you're certified in this, You've learned about this.
The rest of us who don't have certifications in this,
it can't be the certification we're missing.
Speaker 2 (05:46):
What is it?
Speaker 4 (05:47):
I think it's that whole bias that you have to
have a whole bunch of money to see a professional.
And I think it starts with seeing a professional. You
have to consult with someone to just really get a
glimpse of a second a second pair of eyes to
get a glimpse of your financial situation.
Speaker 3 (06:03):
Right.
Speaker 4 (06:04):
I also think if we go deeper, I do think
that black and brown women, A lot of us have
carried the torch by ourselves, right, And I say that
because I have.
Speaker 3 (06:15):
For the longest, before I got engaged.
Speaker 4 (06:18):
I was doing it by myself financially.
Speaker 3 (06:23):
So when you're providing for your child, when you're providing.
Speaker 4 (06:25):
For their their welfare, their basic necessities, shelter, food, clothing,
and then the extracurricular activities. My son does boxing, so
that costs money. So we're all we're always naturally as
women nurturing and giving of ourselves to others.
Speaker 3 (06:42):
So and that pours into our financial life.
Speaker 4 (06:44):
And so I think that sometimes if we just take
a step back and say, hey, I'm gonna put me
first and holistically looking at everything, it's not just mind, spirit, emotion,
it's also finances, right, So that all.
Speaker 3 (06:56):
Affects everything else. I always say that, So I think that.
Speaker 4 (06:59):
That has been a part of the reason as well,
in addition to I love that you brought that up,
that it's the whole thing. And I feel like, and
I see this a lot in my clients too. I
feel like sometimes women want to compartmentalize the different parts
of them, and so when they're a mom, they want
(07:19):
to be a certain type of way with their children.
When they're in business, they want to be a certain
type of way when they're selling or making decisions hiring
and firing. When they're with their partners, they want to
be a certain type of way. And then I think
that when it comes to finances, because realistically and historically,
we've only really been playing with finances for a few years.
I mean, wasn't it like in the what is it
(07:40):
like the forties or seventies or something that women were
even allowed to open their own bank accounts without a
woman a man co signing.
Speaker 3 (07:46):
I think it was like in the seventies. Yeah, it's
absurdity on that.
Speaker 2 (07:49):
Yeah, don't feel new.
Speaker 1 (07:50):
We're not here for the history lesson, but that shit
was like five minutes ago, right, And so I can
understand where nurturing our marriages, our homes, our children, and
our tribe is something that we're so much more familiar
with because we've been doing it so much longer. But
we have a responsibility now that we are also doing
(08:14):
the nurturing of the money and the finances. Because we
wanted to get out there and have jobs. We wanted
to get out there and have equal power by having
enough money to say well, I don't want to be
in this situation anymore. I'm gonna get myself out, which
I love and support. But we have our responsibility to
become better educated on what is happening with our finances,
(08:35):
on how to make our money work.
Speaker 2 (08:38):
And so I completely agree with you.
Speaker 1 (08:40):
That there is a historical way that has affected our
ability to master finances. But even being aware of that,
my next question for you is why are we resisting?
I feel like sometimes I'll bring up these conversations with
my clients about money, about like how much your business making,
(09:00):
how much is your business costing you? What is your
like your freedom number, right, so like the number you
need to feel completely comfortable with your overhead cost and
then with your desires and then all the extra stuff
like a freedom number, like and they just get anxiety
even thinking about these these things. So why is that?
Where is that resistance rooted? Why are do Why do
(09:21):
you think? You might not even have the answer to this.
I know I don't like why do you think?
Speaker 4 (09:25):
I think from some of the experiences because when I
first started, I've been in the industry for fourteen years,
So when I first started, I would set up a
booth in front. At the time, I was working with
state employees, educators, right, firefighters, police officers. So you walk
in here, Hey, I'm a financial advisor. You put your
table together to get more information, and they would just
like get the food that I was responsor, and then
like hey, and then like shyley walk away from you
(09:48):
and not engage in a full conversation. I think it's
number one, they think you have to pay large fees
in the beginning of sitting with an advisor. And then
number two, I think that if they feel like they
don't make a certain amount of money every single year
or already have a certain amount of money in the
bank floating around maybe six figures, they feel like they're
(10:09):
not worthy to even sit with an advisor. Now, I
will say some most some financial advisors won't see you
unless you have two million liquids sit in the bank account,
or you're making at least two hundred and fifty thousand
dollars a year. So maybe it's coming from that bias,
but I do I just feel like sometimes they don't
know the cost, and because they don't know, they shy
away from it, you know, the fear of the unknown
(10:30):
type of thing, and just having that insecurity of feeling
like they don't have enough.
Speaker 1 (10:37):
And with numbers like this, I can tell you there
are some listeners right now of this podcast that are like, absolutely,
I'm ready, but I know Also there are other listeners
that are like, well, I don't have two million dollars
lying around. I'm not making two hundred and fifty thousand
yet right Like, I just broke my first six figures.
Speaker 2 (10:55):
What is the true number?
Speaker 1 (10:56):
If it's not, If we don't need to already be
established and wealthy to reach out to a financial advisor,
what would you say, Like, what the listeners here? What
are your requirements for somebody to come to see you
because they want to make their money multiply?
Speaker 2 (11:12):
How would that look?
Speaker 4 (11:13):
Yeah, so if you're not already in that space, I
would say, don't wait, you should be sitting down for me.
Speaker 3 (11:19):
For my personal services.
Speaker 4 (11:21):
I don't turn anyone away because I feel like you
just never know. One of my best clients, she knows
who she is, wasn't in the super rich or tax bracket,
She didn't make a lot of money. She didn't make
a lot of money, but she would send so many
people over that needed my help that I was able
to put them in a better off situation. Now, granted,
(11:42):
not everybody will be multi million multi millionaires, but you
can be what Tiffany Elice, she's the budgeanest that I'm
not sure if you've heard of her before, but you
can be financially whole.
Speaker 3 (11:52):
So for me, it's not.
Speaker 4 (11:55):
I won't turn you away if you say, hey, Jasmine,
I don't have ten thousand dollars sit in account or
I don't have twenty thousand dollars in account I think
everyone is worthy to have the conversation.
Speaker 3 (12:05):
I'm just not that advisor.
Speaker 4 (12:07):
Right, So if you're not super rich to get to
answer your question, if you're not super rich and you're
not swimming in money, I think reaching out to someone
having a conversation, maybe attending financial literacy workshops. A lot
of advisors now are doing those things, so maybe they're
prepping you, right, They're prepping you for that time to
come when you when you have the assets, when you
have that liquid net worth to be valuable enough or
(12:31):
qualified enough to sit in front of that other advisor.
Speaker 1 (12:34):
I'm so glad you brought up that term financial literacy.
I have issues with that term because I get it.
Speaker 2 (12:42):
I get what it means.
Speaker 1 (12:43):
But there's you know, being literally just means you know
how to read and write, right, So financial literacy means
what that you know how to add to plus true?
Or is it like there's literacy like I know how
to read and write, and then there's literally see literacy
like syent topical reading, which is like you pick a
tippic and you're reading three different books on that topic
at the same time so that you can grab the
(13:05):
thoughts and ideas from each author and compare and contract.
Speaker 2 (13:08):
That's a whole other level of figuracy, right.
Speaker 1 (13:10):
So what would you say is the required level of
financial literacy that the women listening to this podcast require
for their next level? So the women listening to this
podcast are women who've been who've been in business for
let's say three to five years. They're doing okay, they're
like at that brink of breaking their next six figures.
(13:31):
Maybe they're like first six, they're like, hi to the
first six figures or breaking second, third, six figures. We
have a few listeners that have gone past seven figures already,
but for that majority of the women, what would you
say is their definition of financial literacy?
Speaker 4 (13:47):
What do they need to know, right, Yeah, so it's
kind of like meeting your advisor halfway. Being financial literates, right,
is not like where I'm sitting here talking to a
newborn and they are clearly just they will grasp anything.
Financial literate would mean that you have your budget intact.
You know your cash flow, you know your inflows, you
(14:08):
have an emergency fund. You know what that emergency fund
should look like. Textbook rule says is anywhere from three
to six months of those expenses.
Speaker 3 (14:15):
Right.
Speaker 4 (14:16):
Even in business, you keep that separate. If you have
a business, you don't mix and mingle the personal and
the business accounts, right, So.
Speaker 3 (14:23):
You guys know better, you know better.
Speaker 1 (14:26):
Do not even get me started on mixing and mingling
personal and business, y'all know.
Speaker 4 (14:32):
But yeah, so I think being financial literate means, you know,
again going back to the cash flow, that cash management
part risk management.
Speaker 3 (14:40):
You know that you need to have something.
Speaker 4 (14:42):
In place to protect your assets, to protect your incomes,
especially if you're the primary breadwinner. Right, you have a
sense that, Okay, I need to be putting something in place,
what or what tools should I use? That's where the
advisor comes in at So it's just kind of like
I'm a huge sports person. So if you are a
basket ball player, right, you can be great. You can
be like MJ like Lebron James.
Speaker 3 (15:04):
But they still need coaches. Right.
Speaker 4 (15:06):
They know the game, they know what they need to do.
But having that coach, having an accountability partner will help
kind of move move you in the right direction more
efficiently and it will save you the curve, the time curve,
the mistake curve, the losing money curve. So financial literacy
for me means that, Okay, you have a basic understanding
of your budget, you have a basic understanding of risk
(15:26):
management tools, a basic understanding that hey, I know I
want to retire. I know this is the goal, but
then what does that plan look like? And that's where
I come in at. And so we're basically we're meeting
one another halfway.
Speaker 1 (15:38):
So they need to be clear on how much they're making.
They need to have some sort of like safety fund,
whether it's for the business and or themselves. They need
to be clear on knowing that they want to protect
those assets. But if they don't have those protections in place,
they can still come to you and you'll help them
put those into place. And they need to understand that
(15:59):
you need to have a plan to retire. You are
not going to work forever. And the deal I think
about retirement and I want to dive into that in
a minute. But when it comes to planning for retirement,
that word in and of itself is such a trigger
word because you'll think about things like, well, you don't
retire into your sixty nine and a half or seventy
(16:21):
or whatever it is. So you have those people, then
you have the people that are like, well, I want
to retire at thirty, and that's okay.
Speaker 2 (16:28):
I support that.
Speaker 1 (16:29):
But retiring in general means you're not going to actively
be working, but you're still going to be breathing. So
you're still got to eat, you're still gonna want your car,
you're still going to have your big ass mortgage, You're
still gonna have all these things. So what is retirement?
Does retirement being not working? Does retirement mean not earning?
Speaker 2 (16:47):
What you know? For that concept, because it's such a.
Speaker 1 (16:50):
Big word that could mean so many things, just so
many different people like what is retirement?
Speaker 2 (16:55):
And then let's talk about how to plan for it?
Speaker 3 (16:57):
Absolutely? And I love I love that question. So retirement
is it could be relative?
Speaker 4 (17:01):
But I'd say, retirement for each specific individual means you're
stepping away from your main source of income. And now
that I've stepped away from my main source of income,
this is my goal. These are my golden years. Every
day is a Saturday and a Sunday, so I'm probably
spending a little bit more money, right or at least.
The goal is to maintain the lifestyle that you were
living when you were earning income. That's that's my goal
(17:25):
for my clients. I want you to maintain your lifestyle.
Unless we say, Okay, we've eliminated the big ass mortgage
like you mentioned, or we've eliminated our debt. It may
go down a little bit, but I mean the cost
of living goes up. Inflation goes up, right, so I
mean again, we want to maintain that lifestyle. So retirement
is basically you're stepping out of your main source of
income and now into your golden years where every day
(17:47):
is your Saturday and Sunday.
Speaker 2 (17:48):
I love that.
Speaker 1 (17:49):
I actually have a concept called a random Tuesday that
I talk about with my clients all the time, and
it is the thing that I used to do, that
thing that I used to do to celebrate something like
that nice restaurant I used to go to when it
was like an important day or celebrating a big accomplishment,
(18:09):
or like that place like that vacation or getting away
for the weekends. Like my definition of success is when
I can or not success. But my definition of having
reached a next level of excellence in my life and
in the things that I'm planning is being able to
do those celebratory things on a random Tuesday. When you
can make the celebratory the random Tuesday experience, it's your
(18:32):
lifestyle now, and that's okay.
Speaker 2 (18:34):
I love that you mention the.
Speaker 1 (18:37):
Concept of maintaining the lifestyle, And that's another important and
big word because if your lifestyle is also sustaining others
and you're planning, so if your lifestyle is currently sustaining
children that are young, and you're on the I want
to retire at forty five, Yeah, I love that we
(18:59):
have to consider that when you retire, that plan, whatever
it is that's going to be sustaining you financially, also
has to sustain these kids. Right, and then those of
us that are also caretakers and have parents that are
also going to require care at some point, Right, how
do we factor all of these things into the retirement
(19:21):
conversation or do they need to be factored?
Speaker 3 (19:25):
You know, what are we doing with that? Right?
Speaker 4 (19:27):
And again, so retirement is so relative, it's just so specific,
and it's funny because it doesn't matter where you are,
your retirement plan is going to look different from mine.
The next persons going to look different from all of ours.
So I think that most people retire once they're done
with the caregiving, once they're done with the children. So
we don't factor the children and so much unless there's
(19:48):
a special needs case. In that sense, that's a whole
different level of planning. You got attorneys involved, you got
trusts involved, you got other financial.
Speaker 3 (19:57):
Products and tools involve.
Speaker 4 (20:00):
What I will say is because it's so specific, and
because it's such a one a tailor plan that.
Speaker 3 (20:08):
Depends on where you are.
Speaker 4 (20:10):
Like, so, if if you are retiring, your kids will
be grown, you only have.
Speaker 2 (20:13):
One, right, I have one for now, one for now
more I would hope, So I hope.
Speaker 4 (20:17):
So, So I don't know what your goal is, right,
But say you want to retire when your child is
twenty years old, You're not.
Speaker 3 (20:26):
You're no longer worrying about that expense that you have
now every year for him? Right?
Speaker 4 (20:32):
Him? Is it him?
Speaker 3 (20:34):
You're not worrying about that anymore.
Speaker 4 (20:35):
So what you will be thinking about is, Okay, what
what are my overheads? Okay, where do I want to live?
How often do I want to travel? Do I want
to travel? Right? Are there some bigger purchases that you're
looking to make? Do you want to buy a car
every five or seven years?
Speaker 3 (20:48):
What is?
Speaker 4 (20:49):
It? Goes back to your goals, what specifically are you
looking to do? And then we plan around what does
that number look like?
Speaker 3 (20:56):
So it's it's just so hard to give a generic
answer because everybody's.
Speaker 1 (20:59):
Differ, absolutely, And it's part of the reason why I
asked that question, because it's why it's important to sit
with somebody like you, because I also feel like even
now and I think about stuff like this often, and
even now when you said about the car, where.
Speaker 2 (21:15):
It's like, oh, do you want to trade out your car?
Change your car?
Speaker 1 (21:18):
That's one thing I have not factored into my retirement, right,
not really, And so it's part of the reason why
it's important to sit with somebody who's got the full view,
like you've got the full angle. It's almost like I
feel like when you can sit with a financial advisor
(21:41):
you're driving, but they're kind of like they're the ones
that have the view of your blind spot.
Speaker 3 (21:47):
Absolutely, I'm so glad you said that.
Speaker 1 (21:49):
I was literally going to say that, Yeah, like you're
still in charge. You're still going to decide where the
money goes, how it goes, what you're going.
Speaker 2 (21:57):
To do for it, what you ain't going to do
for it.
Speaker 1 (21:59):
Because I also feel like sometimes I had a client
who I was referring to a financial advisor because I
was like, you're making a lot of money right now,
and you don't have anything.
Speaker 2 (22:08):
In place to help you.
Speaker 1 (22:11):
Number one, protect it, yep, and number two, there are
ways to make this money multiply where you can work less. Absolutely,
And her immediate response was like, I'm not investing in
the stock market.
Speaker 2 (22:22):
And I was like, whoa.
Speaker 3 (22:24):
Everybody thinks.
Speaker 1 (22:25):
But I didn't even say that, Like, those words did
not come out of my face.
Speaker 2 (22:30):
That's not what I'm talking about. Yeah, but let's talk
about that. Yes, you know, just at the point that
we are that we're recording this.
Speaker 1 (22:37):
There's just so much volatility in markets everywhere, and there's
so many conversations about it's going up, it's going down.
It's in the red, it's in the green, and people
are buying and people are selling. And then I keep
reading everywhere like what is that saying about be whatever
when people are greedy and be greedy. Oh, be scared
(22:57):
when people are greedy and be greedy when people are scared.
Speaker 2 (23:00):
Something like that. You know, it's just it's a lot.
Speaker 1 (23:02):
And so demystify the stock market for everybody, and then
let's talk about other ways that we make money.
Speaker 3 (23:09):
Absolutely, yeah, So I'm glad you acced that.
Speaker 4 (23:11):
So the stock market is a money making machine, right,
But the stock market is very volatile in nature.
Speaker 3 (23:19):
And so many things affect the stock market.
Speaker 4 (23:21):
There's political views, there's other things happening overseas. If a
CEO says something crazy of a company, it affects the
value of the shares.
Speaker 3 (23:28):
Blah blah blah blah. I can go on and on
and on.
Speaker 4 (23:31):
But when you're investing in the stock market, it's more
of a long term approach. You don't get up unless
you're day trader. That's a different story. I don't day
trade because I follow Warren Buffett. I I follow the
old school way, and I do feel like you are
going to come out ahead further if you look at
it from a long term investing standpoint, right, So over time,
if you look at the history and I wish I
(23:52):
had charts, but over time, the market is going to
progress and get higher over time, although it's gonna.
Speaker 3 (23:58):
Make some very significant dips.
Speaker 4 (24:00):
But if you have a twenty year term, a twenty
year time frame or a horizon before you're going to
touch into the growth that you're making, you can sit
back and go for the ride. You buckle up, you
buckle up, it's going to happen. The downturns are going
to happen. That's actually when you start to put more
money into the market because you're taking advantage of the
market being on sale. It's like we're going to go
shop it now because we see the prices of the
(24:21):
share just dropping.
Speaker 3 (24:23):
Right.
Speaker 4 (24:23):
So I don't get specifically into the stocks because I'm
more of a holistic planner than anything. But making money
in the stock market is not the only way to retire.
It's not the only way to make money. It's a
great source, it's a great avenue. But there's other ways.
There's real estate.
Speaker 1 (24:41):
Please, when you list a few other ways to make
some money, because look, here's the thing.
Speaker 2 (24:47):
I'll tell you this.
Speaker 1 (24:48):
I when I first began my entrepreneurship journey, I was
I was fresh out of high school, I think seventeen,
eighteen years old, opened to my first business. That's a
long time ago, many many months ago. I turned forty
this year. It's a long ass the time I go,
thank you, but.
Speaker 3 (25:09):
I'm forty as hell.
Speaker 1 (25:11):
The thing is, when I first started, I remember, I
remember being five six and taking dance classes, and then
I remember turning eighteen nineteen, I'm sorry younger than that,
fifteen sixteen, and being asked, do you want to pursue
this professionally? And my immediate answer was no, because if
I sprained my ankle, I can't pay for my car.
(25:33):
At that point, fifteen sixteen, my car was the most
important thing in my whole life.
Speaker 3 (25:37):
Right, And so fast forward.
Speaker 1 (25:40):
I'm in my twenties and I'm like, well, I'm not
going to I knew I wasn't going to pursue it
professionally as a dancer. I instead opened the business, right,
And so in my twenties, I was teaching, and then
I was like, I'm not trying to teach all these
damn kids and I loved teaching, but it's a lot.
Took a toll on my body. It took a toll.
I was always tired. I was Joe going to school
(26:00):
full time, getting my degrees. And then it was like,
I'm going to hire people. But the moment that I
stepped away from teaching, a lot of the students left
because a lot of the students wanted to learn with Gigi.
It is called Gigi's Dance Academy. So when you put
Susie and Jesse to teach, it takes time for Susie
and Jesse to earn the hearts of the children and
(26:21):
for the kids to stay.
Speaker 2 (26:21):
And blah blah blah blah blaha.
Speaker 1 (26:23):
Right, and then I realized I cannot have one source
of income. It just can't happen. So thankfully, I was
already pursuing my career in media. I've been in media
all my life, literally since I was five years old,
performing on TV. So I was already doing you know,
graphic design for magazines. I was doing radio, I was
(26:44):
doing television stuff like that. So I had these different
streams of income. And then I started thinking, well, I
don't want to do the dance studio. Anymore. I want
to focus just on my career. And then it was like,
so what if this making a little money, But then
what if this stops making money? And then I realized, well,
(27:05):
I never wanted to have one stream of income. I
always knew you needed to have more. In my mind
in my twenties, I was like two my media and
my business. And then in my forties, I'm at a
point where it's like, if I don't got seven things
making money at the same time, I'm just not okay.
I'm not okay. And ideally, yeah, six of those seven
(27:25):
things I don't got to do, Like I want my
job to feel like my hobby. I don't want my
job to feel like if one of my VIP clients
decides that she doesn't want to work with me anymore,
or wants to try another coach, or wants to or
all of my one on one clients decide. I had
a year a kid, you not, Yeah, I had one
(27:46):
year that I was like, what the fuck is going on?
Because straight up I had I was working with I
think it was four, I think I had four or
five VIP clients, and out of nowhere, one of them
decided she was going on a sabbatical for a year.
She's like, I am leaving everything and everyone behind, and
she was just going to go to like a temple
(28:06):
in India.
Speaker 2 (28:06):
I kid you not.
Speaker 1 (28:08):
So I'm like, okay, now, this is when my business
was built mostly on vip on one to one coaching. Okay,
so that was my highest ticket. They got the highest
you know, support whatever. The other one shut down her business.
She sold it from one day to the next. She
was like, I'm doing all the things, I have all
the fun I love this. And then she woke up
(28:28):
and she was like, got spoke to me in a dream,
and I'm selling it. She called her attorney and she
started putting documents in order, and she was like, so
I don't need coaching anymore because we were coaching strictly
for the business. And so she was and it was
like out of nowhere because her business was very profitable,
but she was also very intuitively led. She ended up
(28:49):
coming back later because her intuitive push to sell was
the right choice to do in that moment, but it
was because she was meant to be doing something else,
and then she came back to coaching to do that
other thing. But in that moment, she's like, God spoke
to me in a dream last night and I'm selling
the business.
Speaker 3 (29:08):
Wow.
Speaker 1 (29:08):
That day, she's like, I have after your coaching call,
I have meeting with my attorney to draft everything, and
I'm just telling you I'm selling it, so I don't
need coaching right now.
Speaker 2 (29:15):
So oh wow, Okay.
Speaker 1 (29:16):
Then the other one had a really personal, really catastrophic
stuff happened in her life and she had to step
away from everything, and she was like, you know, I'm
not doing anything anymore. I'm stopping everything. I need to
just take care of myself because this is a lot personally.
So out of these four clients, three were gone wow practically,
(29:38):
And this all happened in the span of like a week,
and I was like, what the hell am I going
to do now? Because these bills aren't going to stop coming.
I still want to go out and do the things
I want to do, but obviously next month is going
to look very different than this. Absolutely, So aside from
restructuring businesses where you know you can't you can't have
(29:59):
your mainst of income be based on one to one,
which is this is one of the things for those
of you that are already in the seizing happy ecosystem,
and you know about simple business systems, you know about SBS.
This experience is one of the experiences that led me
to develop SBS, to develop where my main source of
income in my business is from groups. So anyway, whether
(30:20):
my want to ones want to stay or go, I'm
gonna still make the same money I make. One to
ones are like what, I have a girlfriend that calls
it shoe money. Is like, she loves buying these like
expansive shoes.
Speaker 3 (30:30):
Really, I'm just like, I don't even know. I love shoes.
I love a nice pair of shoes.
Speaker 1 (30:34):
But I was like, you have shoes that still have
tags on them, that are worth thousands of dollars and
you don't wear them.
Speaker 2 (30:38):
She's like, I'm so happy just looking at them.
Speaker 3 (30:40):
And I'm like, do you boo.
Speaker 1 (30:42):
But when it comes to structuring incomes, when it comes
to building those different streams where even within your business
sometimes you need to have the different streams for those
that are in SBS. You know what we talk about
inner sales and outer sales, the business flowing in different ways.
How do you start in a non overwhelming way to
(31:06):
develop multiple.
Speaker 2 (31:08):
Streams of income?
Speaker 1 (31:09):
Yeah, so you talked about the stock market, you talked
about real estate. What are some other options, and then
we'll talk about like, what's the least overwhelming way?
Speaker 3 (31:18):
Man.
Speaker 4 (31:19):
The ease of making money now is it's so easy
now to make money with AI, with technology, with social media,
we're more connected than ever, even though sometimes it doesn't
feel that way, but we're more connected than ever. The
exposures there. All you need is a proper marketing. My
son he does. He has his own business where he
(31:39):
is merchandising selling different items, and I encourage him, Hey,
get a store going, you can go on. Literally, I
was sitting on a podcasting call not too long ago
and the guy was literally telling and this is not
my forte. But there are so many opportunities to make
money through either podcasting, merchandising, affiliate marketing, and it doesn't
(32:00):
take too much of your time because of the ease
of AI.
Speaker 2 (32:03):
Right.
Speaker 4 (32:04):
So, in addition to the stock market, in addition to
the real estate buying and flipping properties using residual income
from maybe rental income, right, there's affiliate marketing, the building
those streams of income through the ease of using and
utilizing AI. People are scared of AI I feel, but
if you embrace it and you learn it, I mean
that the possibilities are endless. I think that if a
(32:28):
lot of your time is going towards your most highest
profiting business, if that's a well oiled.
Speaker 3 (32:37):
Machine, you can now use that time.
Speaker 4 (32:39):
You're buying yourself more time to now say, hey, what
are some other projects from either my existing business, or
what are some hobbies or some things that I like
that will generate an income for me and help me
make money through my sleep. Does that answer your question?
Speaker 1 (32:52):
It does answer my question, and I love that. And
so yeah, multiple ways of having the money multiply itself.
Because listen, I've never seen it, and I'll knock on
wood just in.
Speaker 2 (33:04):
Case for those that are superstitious out there.
Speaker 1 (33:08):
I've never seen everything flow up at the same time, right,
Like sometimes one market is doing well, or one area
of monetization is doing well and another one not so much.
I've never seen all areas of monetization die at the
same time, right. And so when your business isn't doing well,
if you have a little money coming in another way,
it helps because then if that way is not doing well,
(33:30):
then that third way is probably up. It's a balance right.
When some things go up, other things go down. That's
just the way that it works. And so if you
can have something in place for each of the main
ways that you can monetize, or at the very least
for something that you're passionate about. Because you mentioned AI, right,
I am obsessed with AI too. I'm taking courses to
(33:52):
learn to PROMPT. I don't want to learn to code.
That's a little deeper than I care for. But I'm
in a course right now learning to PROMPT. And I
can tell you I've built my own AI for seizing Happy.
We're developing an AI for the clients, some of my
inner circle clients. And if you want to get in
on this since I've shared it publicly, just shoot me
a DM or I'll put the link on the on
the show notes. But we have an AI that my
(34:14):
clients can have access to that helps them to tap
in deeper to their voice and to their marketing and
to their messaging. It has already increased the sales of
some of my clients by over forty five percent and
decrease the amount of time they spend in their business
by at least half. If I had half of my
time back that's amazing, right, think of how much less
(34:36):
you'd be doing in business and how much more you'd
be doing for yourself, whether that's for your health, your relationships,
or launching another passion project, whatever it is. But now
I want to counter my own question, because how do
we also make sure that we are doing this without
the overwhelm or the burnout? Because I also feel like
(34:56):
trying to carry too many pots at once. I was
going to say, it doesn't work, So what's the right
way to do it without the overwhelmed? To add these
multiple streams that come without the overwhelm.
Speaker 4 (35:07):
I think it's all about structuring and managing your time properly.
That's all it falls back to. Honestly, I mean you
because even for me, I have I'm generating clients from
so many avenues. Like I'm doing a networking I'm a
part of a networking group that I run. I also
(35:30):
assist my clients in their personal lives and making sure
that I'm on top of servicing them. I have an
insurance business that I'm ensuring classes.
Speaker 3 (35:39):
It's so many different things.
Speaker 4 (35:40):
That I'm wearing, so for hats that I'm wearing, so
I properly structure my time, and everything is systemized.
Speaker 3 (35:46):
If you have a system, let me tell you, a
system will change your life.
Speaker 4 (35:51):
So if your systems are welled oil machines, it should
give you more time to be able to implement other
systems to make sure that these businesses are running properly.
Does it make sense? That makes perfect sense.
Speaker 1 (36:01):
It's one of the things that we talk about so
much inside our Seizing Happy ecosystem, that is to have
simple Our main program is called simple business system, right,
And that's exactly the goal is to make it simple,
to make it repeatable, and to make it really profitable.
And if you can approach I feel like I feel
like if you approach all of life with that mentality.
(36:24):
So the simple business system, the purpose is to have
a business that is repeatable and highly profitable.
Speaker 2 (36:30):
But simple is the key word.
Speaker 1 (36:31):
And if you apply that concept of simplicity first to
every part of life. How do we keep our relationship
more simple? How do we keep parenting more simple? How
do we keep our parents and everything we got to
do with them more simple? How do we keep date
night more simple? How do we like if we could
just ask that question to every single area of our life,
(36:54):
I feel like we would be so much happier all around.
A system of simplicity is the key because then it gives.
Speaker 3 (37:03):
Us that yeah, that breather.
Speaker 1 (37:06):
Yeah right, it doesn't have to be hard. And I
think that's another concept about.
Speaker 2 (37:12):
Well.
Speaker 1 (37:12):
It all connects about wealth building, which we think has
to come from making a lot of money, which we
think comes from working hard, which we buy buy force
because we think it comes from working hard. We want
to do more of it harder. So like just there's
just so much to break down.
Speaker 3 (37:31):
I know, I know, I think. I think that again.
Speaker 4 (37:35):
When you're meeting with your you have an advisor on
your side, it takes to worry away because where I
come in and in at is giving you a strategy.
Speaker 3 (37:44):
So it's clarity, clarity and strategy. That's it.
Speaker 4 (37:47):
I systemize literally my clients. We have a quarterly review
or quarterly check in. It's already systemized. I just know, hey,
you got to call.
Speaker 3 (37:56):
It this time. I hop on my zoom. My client's
on a zoom.
Speaker 4 (37:59):
We do all quickly and we make sure we're on track,
and then it's easy.
Speaker 3 (38:03):
Right.
Speaker 4 (38:04):
Then we have our annual reviews, making sure that we
check in because you don't just you don't just start
a plan and put it on autopilot and only check in.
Speaker 3 (38:11):
In five years.
Speaker 2 (38:11):
Yeah, then how do you know you're doing it right?
Speaker 3 (38:13):
Right? You gotta check in right.
Speaker 4 (38:16):
So I think that having again going back to that system,
having that advisor on your side, making sure that you
guys are collaborating, not me telling you what to do,
because again, at the end of it, in the end
of the day, it is your goal, it is your vision,
it is your plan. I'm just here to tell you, hey,
move in this direction. Hey, don't do that, because it's
going to cost you this amount of years or dollars
(38:38):
if we're not doing it the most effective way. I
lost my train of thought.
Speaker 1 (38:45):
Now, yeah, it's about the simplicity and having everything systemized
is what.
Speaker 2 (38:48):
You were talking about, and having well oiled machine. That
is it.
Speaker 3 (38:52):
And so going back to the clients, it doesn't matter
where you fall. I have there's links. You click the
link before you get to me.
Speaker 4 (38:59):
I mean, you have the link, get your email, you
get your confirmation email, we jump on the zoom.
Speaker 3 (39:02):
That's it.
Speaker 4 (39:03):
It's no having a conversation every other day for thirty minutes.
Speaker 3 (39:08):
That's taken away from time from doing something.
Speaker 4 (39:09):
Else that might either free me up for a more
profitable a thing or spending time with my family or
my loved ones.
Speaker 3 (39:17):
So yeah, systems are it.
Speaker 4 (39:19):
I mean it's too much convenience, it's too many tools
to be able to implement them.
Speaker 2 (39:23):
Yeah, and live our lives. Yeah, I love that.
Speaker 1 (39:25):
And So to wrap up somebody right now who is like,
you know what, this all makes sense. I want to
build my empire in a way that is going to
help me to do less and make more. What are
the first three steps that you would tell the women
that are watching this or listening to this, what are
the first three steps that they need to take in
(39:46):
order to start really building what is known as like
a financial empire.
Speaker 3 (39:53):
Number One, you got to have that mindset already there.
Speaker 4 (39:56):
That's very important because I can sit and talk to
someone all day about finances, but if they're not ready here,
it's going to go on one ear or not the other.
Speaker 3 (40:04):
We both wasted time.
Speaker 4 (40:07):
The Number two, consult with the financial planner or a
financial advisor, someone that's very that you feel a connection with.
I think that's important because you have to trust this
is confidential information. This is something that's very close and
dear to you. So when it comes to that, you
need to make sure you're picking someone that you feel
that you can connect with, that you guys can see
eut of eye on that you can see this being
a relationship that you guys can build together and get
(40:29):
those goals done together.
Speaker 3 (40:31):
And then three, it's just all about implementing and checking
in and just executing, you know.
Speaker 2 (40:36):
That's that's it.
Speaker 3 (40:38):
It's very simple.
Speaker 2 (40:39):
I love it.
Speaker 1 (40:40):
So I think that something you really touched upon that
is really really valuable too, is that implementation. Ye, getting
started with the plan is not enough. It's the consistency
and the implementing that is truly going to get you
the level of success that you need to have. And
then also something that I heard you say that I
found is really really important is this is really private
(41:03):
personal information.
Speaker 2 (41:05):
And so in that there is the shame that.
Speaker 1 (41:09):
Sometimes people feel around money. There is the guilt that
people sometimes feel about money. You feel guilty if you
make too much, you feel guilty if you don't make enough.
There's you know, shame about like I'm so much wealthier
than other people, and then I feel bad about it,
or shame that other people have made so much more
money than I have and I'm behind. Like, we just
have all these modeled thoughts in our brain about money.
Speaker 3 (41:31):
Yeah, and.
Speaker 1 (41:33):
If you're not, if you're not talking them out with
somebody who can help you realize the importance of making
those muddled thoughts work in your favor, meaning making.
Speaker 2 (41:45):
The thoughts of the thoughts about.
Speaker 1 (41:49):
Money that are not leading you to make more of
it more comfortably and more joyfully. If you're not working
on that part, it can get really hard for you
to go to a financial advisor and say I want
to make more. I wanted to multiply by itself, and
I want it to be easy. And here are the
only risks I'm willing to take. I'm willing to risk
this much or this much time. It's either your risking
(42:11):
money or your risking time. Like, if you're not, if
you're not willing to first uncover and to really work
through all of our money bs that we have in
our minds, it's just not going to be as successful.
Speaker 2 (42:25):
That's a really big part of it too. Right.
Speaker 4 (42:27):
Absolutely, money, money is really a tool. I mean, it's
not a measurement as to.
Speaker 2 (42:32):
Who is better and who is not.
Speaker 3 (42:33):
Yeah, really isn't. And then some people don't even want
to be like super rich. Some people want to just.
Speaker 4 (42:38):
Be comfortable and like, hey, I want to have my
little two houses, my rental income coming in, my stock
market investments.
Speaker 3 (42:44):
Blah blah blah.
Speaker 4 (42:45):
But yeah, it's a tool and it's also a mirror, right,
So it reflects wherever you are financially, reflects your relationship
within how you see money? Right?
Speaker 3 (42:57):
Me, growing up I saw money. Are we wrapping up? Now? Me?
Growing up, we didn't understand it. So when you don't
understand and your mind is not there yet, you're.
Speaker 4 (43:07):
Gonna it's not gonna be successful. You're not going to
pass on generational wealth. You're not going to ever be comfortable.
You're always gonna live paycheck to paycheck because you just
abuse the money because you don't care, you don't value it.
Speaker 3 (43:17):
Right, So I think again, that goes back to me
saying mindset.
Speaker 4 (43:21):
Once you have that mindset, and you wonder, Okay, why
am I always like living paycheck? Why why didn't I
have this amount of money in my reserves? How Come
every time I have an accident it sets me back
three months?
Speaker 3 (43:33):
How Come? How come I have a bunch.
Speaker 4 (43:35):
Of money and or I make a bunch of money
and I don't really have anything to show for what's
my relationship? Like, what does that mirror reflect back to me?
As far as this money that is.
Speaker 1 (43:47):
I can't think of a better way to wrap up
than with that, because that is exactly what money is.
It's just a mirror, right, And if you change a
little bit about yourself, that mirror looks different. Yes, if
you change a little little bit about your hair, what
you're wearing, you know, whether you want to wear high
waisted or low wasted metaphorical examples of if you change
(44:09):
what you are how you approach money, the mirror, in
other words, the reality of the finances that are facing
you will also change. Jasmine, thank you so much for
joining us on this episode of the Chats with GG Podcasts.
Speaker 3 (44:22):
It is a pleasure. Thank you for having me.
Speaker 1 (44:23):
I love to continue learning from you and listen, I
want to hear what was your greatest takeaway from this episode.
You know that I do this podcast for you, for
us to continue to grow, to continue to expand, to
continue to learn, and so that requires that you.
Speaker 2 (44:37):
Talk to me.
Speaker 1 (44:37):
So find me on Instagram at Seizing Happy or at
Chats with GG Podcasts. Tell me what has been your
favorite takeaway from this episode and you can find all
of Jasmine's contact information in the show notes. Get on
her calendar, have a conversation with her. Start to build
that beautiful wealth map that's going to get you to
(44:57):
your ultimate financial destination, whatever that is for you. Thank
you so much for listening to this episode of the
Chat with ggpodcast. If you loved what you heard, it
would light me up inside. If you rate, review, and
share this episode with a business bestie who you think.
Speaker 2 (45:17):
Will benefit from tuning in.
Speaker 1 (45:20):
Sharing this podcast is the best way to help it
grow and to continue to grow our tribe as well.
In the meantime, join me on Instagram at ggdas Live,
or check out our latest courses and programs for personal
and business growth at seizinghappy dot com.
This is Chats with gg a podcast for women who
are ready to step into their power, get unstuck, and
create more freedom in all.
Speaker 2 (00:13):
Areas of life.
Speaker 1 (00:14):
I'm your host, GGDZ, certified life and business coach, media
personality and multi passionate entrepreneur. I've helped hundreds of women
find the necessary clarity, confidence, and courage to build their
dream life and achieve success with less stress. If you're
(00:34):
seeking weekly motivation, practical and spiritual advice, and tangible resources
to scale in life and in business, then you're in
the right place.
Speaker 2 (00:45):
Are you ready? Here we go.
Speaker 1 (00:48):
So I just read these wild numbers that forty five
percent of Hispanic women do not have a savings account,
twenty five percent, only twenty five five percent of Hispanic
women feel confident about their money and knowing what to
do with it and knowing how to multiply it, and
(01:10):
something along the lines of like eighty something percent of
millennials do not have a retirement plan or some sort
of money waiting for them when they quote unquote stop working.
And I know some of us think, well, I'm never
going to stop working. I love what I do, But
you're going to work forever. And so in addition to
these wild numbers, you've heard me talk over and over
(01:34):
and over again forever about how women in business often
focus so much on the sales, on scaling, making more money,
and serving our clients and providing for our families, but
none of us like to think about how to make
the money make itself. Many of us are not exploring
(01:58):
other ways to make the money to apply that doesn't
directly connect with our business, with our profession, with our expertise.
And really what that translates to is you're leaving money
on the table because if there is any way that
the money can multiply outside of your zone of genius,
even which I know already, I can feel somebody being
(02:18):
triggered and saying, well, I'm.
Speaker 2 (02:20):
Not gonna go and make money in a way that
I don't know how to make money. Well, that's the
whole point is to learn new ways to make money.
Speaker 1 (02:25):
And so that's why I'm so excited for this episode.
Jasmine Glover is a financial advisor, and she is here
to talk about how to help us make money multiply
in a way that is not scary, in a way
that is fun, in a way that is exciting because.
Speaker 2 (02:43):
I get it.
Speaker 1 (02:44):
Sometimes there's a lot of pressure, there's a lot of
fear about doing unknown things, and especially if we've worked really,
really hard to make our money, then you don't want
to really go do something on known with it and
not come back with all of it or more of it.
So thank you for being here and sharing your genius
with me and with our listeners today.
Speaker 3 (03:05):
Thank you for having me Gg being on the show.
For the record.
Speaker 1 (03:11):
Those that came to Move Breath Grow you already know, Jasmine.
She was one of our speakers at MDG, which is
our flagship event that we do every year for our
legacy makers inside the Seizing Happy tribe, and you shared
a lot of gems there. But I want to go
deeper on this episode. However, before we start, I have
(03:31):
to ask you the question I ask every guest on
the show. How are you seizing happy today?
Speaker 4 (03:39):
I think seasing happy? Thank you for that question. But
seizing happy for me individually means being present and being
in the full moment, letting go of anxiety, letting go
of the stresses of yesterday, the anxiety for tomorrow, and
just appreciating what's around me.
Speaker 3 (04:00):
I go to the gym faithfully every single morning, I'm
up at four.
Speaker 2 (04:04):
You call it your sanctuary.
Speaker 3 (04:05):
I see your stories.
Speaker 2 (04:06):
I'm like, yeah, there she is.
Speaker 3 (04:09):
Is my sanctuary.
Speaker 4 (04:10):
I really feel like there's a spiritual connection with me
going to the gym and just really being out of
my thoughts.
Speaker 3 (04:16):
I have to be president.
Speaker 4 (04:17):
If I have a heavy weight and I'm squatting, I
got to be present to make sure the squats don't.
Speaker 3 (04:22):
Fall on me.
Speaker 4 (04:23):
So that's why I call it my sanctuary, because it
allows me to seize a moment, seize my thoughts, and
then fully embrace what's around me, and for me, that
makes me happy. It brings me calm, It brings me stillness,
and I think stillness is very important to hear and
be able to receive whatever. I'm very spiritual, so whatever
the spirit or God is trying to instruct us to.
Speaker 3 (04:42):
Be or to go, it allows us to do that.
So I hope that's clear.
Speaker 1 (04:47):
I have to work so hard right now to stay
focused on the topic of this episode because we're about
to do and my whole brain app thirty five questions
I want to ask you that have nothing to do
with what we initially said we're going to talk about.
Speaker 2 (05:00):
I'm not going to do that. I'm gonna save those
for later if we have time.
Speaker 3 (05:02):
So here's the thing.
Speaker 1 (05:04):
You and I have talked a lot, and I'm going
to dive right in headfirst because I know we have
the depth in you to answer this damn question. Aside
from the obvious pay gap that we already know exists,
what is the reason why black and brown women are
struggling so much to build our financial empires? What are
(05:26):
we missing? I know you know because you're building yours.
We've talked about your discipline with money, how you are
very diligent about how things need to get done. Now,
the difference is you're certified in this, You've learned about this.
The rest of us who don't have certifications in this,
it can't be the certification we're missing.
Speaker 2 (05:46):
What is it?
Speaker 4 (05:47):
I think it's that whole bias that you have to
have a whole bunch of money to see a professional.
And I think it starts with seeing a professional. You
have to consult with someone to just really get a
glimpse of a second a second pair of eyes to
get a glimpse of your financial situation.
Speaker 3 (06:03):
Right.
Speaker 4 (06:04):
I also think if we go deeper, I do think
that black and brown women, A lot of us have
carried the torch by ourselves, right, And I say that
because I have.
Speaker 3 (06:15):
For the longest, before I got engaged.
Speaker 4 (06:18):
I was doing it by myself financially.
Speaker 3 (06:23):
So when you're providing for your child, when you're providing.
Speaker 4 (06:25):
For their their welfare, their basic necessities, shelter, food, clothing,
and then the extracurricular activities. My son does boxing, so
that costs money. So we're all we're always naturally as
women nurturing and giving of ourselves to others.
Speaker 3 (06:42):
So and that pours into our financial life.
Speaker 4 (06:44):
And so I think that sometimes if we just take
a step back and say, hey, I'm gonna put me
first and holistically looking at everything, it's not just mind, spirit, emotion,
it's also finances, right, So that all.
Speaker 3 (06:56):
Affects everything else. I always say that, So I think that.
Speaker 4 (06:59):
That has been a part of the reason as well,
in addition to I love that you brought that up,
that it's the whole thing. And I feel like, and
I see this a lot in my clients too. I
feel like sometimes women want to compartmentalize the different parts
of them, and so when they're a mom, they want
(07:19):
to be a certain type of way with their children.
When they're in business, they want to be a certain
type of way when they're selling or making decisions hiring
and firing. When they're with their partners, they want to
be a certain type of way. And then I think
that when it comes to finances, because realistically and historically,
we've only really been playing with finances for a few years.
I mean, wasn't it like in the what is it
(07:40):
like the forties or seventies or something that women were
even allowed to open their own bank accounts without a
woman a man co signing.
Speaker 3 (07:46):
I think it was like in the seventies. Yeah, it's
absurdity on that.
Speaker 2 (07:49):
Yeah, don't feel new.
Speaker 1 (07:50):
We're not here for the history lesson, but that shit
was like five minutes ago, right, And so I can
understand where nurturing our marriages, our homes, our children, and
our tribe is something that we're so much more familiar
with because we've been doing it so much longer. But
we have a responsibility now that we are also doing
(08:14):
the nurturing of the money and the finances. Because we
wanted to get out there and have jobs. We wanted
to get out there and have equal power by having
enough money to say well, I don't want to be
in this situation anymore. I'm gonna get myself out, which
I love and support. But we have our responsibility to
become better educated on what is happening with our finances,
(08:35):
on how to make our money work.
Speaker 2 (08:38):
And so I completely agree with you.
Speaker 1 (08:40):
That there is a historical way that has affected our
ability to master finances. But even being aware of that,
my next question for you is why are we resisting?
I feel like sometimes I'll bring up these conversations with
my clients about money, about like how much your business making,
(09:00):
how much is your business costing you? What is your
like your freedom number, right, so like the number you
need to feel completely comfortable with your overhead cost and
then with your desires and then all the extra stuff
like a freedom number, like and they just get anxiety
even thinking about these these things. So why is that?
Where is that resistance rooted? Why are do Why do
(09:21):
you think? You might not even have the answer to this.
I know I don't like why do you think?
Speaker 4 (09:25):
I think from some of the experiences because when I
first started, I've been in the industry for fourteen years,
So when I first started, I would set up a
booth in front. At the time, I was working with
state employees, educators, right, firefighters, police officers. So you walk
in here, Hey, I'm a financial advisor. You put your
table together to get more information, and they would just
like get the food that I was responsor, and then
like hey, and then like shyley walk away from you
(09:48):
and not engage in a full conversation. I think it's
number one, they think you have to pay large fees
in the beginning of sitting with an advisor. And then
number two, I think that if they feel like they
don't make a certain amount of money every single year
or already have a certain amount of money in the
bank floating around maybe six figures, they feel like they're
(10:09):
not worthy to even sit with an advisor. Now, I
will say some most some financial advisors won't see you
unless you have two million liquids sit in the bank account,
or you're making at least two hundred and fifty thousand
dollars a year. So maybe it's coming from that bias,
but I do I just feel like sometimes they don't
know the cost, and because they don't know, they shy
away from it, you know, the fear of the unknown
(10:30):
type of thing, and just having that insecurity of feeling
like they don't have enough.
Speaker 1 (10:37):
And with numbers like this, I can tell you there
are some listeners right now of this podcast that are like, absolutely,
I'm ready, but I know Also there are other listeners
that are like, well, I don't have two million dollars
lying around. I'm not making two hundred and fifty thousand
yet right Like, I just broke my first six figures.
Speaker 2 (10:55):
What is the true number?
Speaker 1 (10:56):
If it's not, If we don't need to already be
established and wealthy to reach out to a financial advisor,
what would you say, Like, what the listeners here? What
are your requirements for somebody to come to see you
because they want to make their money multiply?
Speaker 2 (11:12):
How would that look?
Speaker 4 (11:13):
Yeah, so if you're not already in that space, I
would say, don't wait, you should be sitting down for me.
Speaker 3 (11:19):
For my personal services.
Speaker 4 (11:21):
I don't turn anyone away because I feel like you
just never know. One of my best clients, she knows
who she is, wasn't in the super rich or tax bracket,
She didn't make a lot of money. She didn't make
a lot of money, but she would send so many
people over that needed my help that I was able
to put them in a better off situation. Now, granted,
(11:42):
not everybody will be multi million multi millionaires, but you
can be what Tiffany Elice, she's the budgeanest that I'm
not sure if you've heard of her before, but you
can be financially whole.
Speaker 3 (11:52):
So for me, it's not.
Speaker 4 (11:55):
I won't turn you away if you say, hey, Jasmine,
I don't have ten thousand dollars sit in account or
I don't have twenty thousand dollars in account I think
everyone is worthy to have the conversation.
Speaker 3 (12:05):
I'm just not that advisor.
Speaker 4 (12:07):
Right, So if you're not super rich to get to
answer your question, if you're not super rich and you're
not swimming in money, I think reaching out to someone
having a conversation, maybe attending financial literacy workshops. A lot
of advisors now are doing those things, so maybe they're
prepping you, right, They're prepping you for that time to
come when you when you have the assets, when you
have that liquid net worth to be valuable enough or
(12:31):
qualified enough to sit in front of that other advisor.
Speaker 1 (12:34):
I'm so glad you brought up that term financial literacy.
I have issues with that term because I get it.
Speaker 2 (12:42):
I get what it means.
Speaker 1 (12:43):
But there's you know, being literally just means you know
how to read and write, right, So financial literacy means
what that you know how to add to plus true?
Or is it like there's literacy like I know how
to read and write, and then there's literally see literacy
like syent topical reading, which is like you pick a
tippic and you're reading three different books on that topic
at the same time so that you can grab the
(13:05):
thoughts and ideas from each author and compare and contract.
Speaker 2 (13:08):
That's a whole other level of figuracy, right.
Speaker 1 (13:10):
So what would you say is the required level of
financial literacy that the women listening to this podcast require
for their next level? So the women listening to this
podcast are women who've been who've been in business for
let's say three to five years. They're doing okay, they're
like at that brink of breaking their next six figures.
(13:31):
Maybe they're like first six, they're like, hi to the
first six figures or breaking second, third, six figures. We
have a few listeners that have gone past seven figures already,
but for that majority of the women, what would you
say is their definition of financial literacy?
Speaker 4 (13:47):
What do they need to know, right, Yeah, so it's
kind of like meeting your advisor halfway. Being financial literates, right,
is not like where I'm sitting here talking to a
newborn and they are clearly just they will grasp anything.
Financial literate would mean that you have your budget intact.
You know your cash flow, you know your inflows, you
(14:08):
have an emergency fund. You know what that emergency fund
should look like. Textbook rule says is anywhere from three
to six months of those expenses.
Speaker 3 (14:15):
Right.
Speaker 4 (14:16):
Even in business, you keep that separate. If you have
a business, you don't mix and mingle the personal and
the business accounts, right, So.
Speaker 3 (14:23):
You guys know better, you know better.
Speaker 1 (14:26):
Do not even get me started on mixing and mingling
personal and business, y'all know.
Speaker 4 (14:32):
But yeah, so I think being financial literate means, you know,
again going back to the cash flow, that cash management
part risk management.
Speaker 3 (14:40):
You know that you need to have something.
Speaker 4 (14:42):
In place to protect your assets, to protect your incomes,
especially if you're the primary breadwinner. Right, you have a
sense that, Okay, I need to be putting something in place,
what or what tools should I use? That's where the
advisor comes in at So it's just kind of like
I'm a huge sports person. So if you are a
basket ball player, right, you can be great. You can
be like MJ like Lebron James.
Speaker 3 (15:04):
But they still need coaches. Right.
Speaker 4 (15:06):
They know the game, they know what they need to do.
But having that coach, having an accountability partner will help
kind of move move you in the right direction more
efficiently and it will save you the curve, the time curve,
the mistake curve, the losing money curve. So financial literacy
for me means that, Okay, you have a basic understanding
of your budget, you have a basic understanding of risk
(15:26):
management tools, a basic understanding that hey, I know I
want to retire. I know this is the goal, but
then what does that plan look like? And that's where
I come in at. And so we're basically we're meeting
one another halfway.
Speaker 1 (15:38):
So they need to be clear on how much they're making.
They need to have some sort of like safety fund,
whether it's for the business and or themselves. They need
to be clear on knowing that they want to protect
those assets. But if they don't have those protections in place,
they can still come to you and you'll help them
put those into place. And they need to understand that
(15:59):
you need to have a plan to retire. You are
not going to work forever. And the deal I think
about retirement and I want to dive into that in
a minute. But when it comes to planning for retirement,
that word in and of itself is such a trigger
word because you'll think about things like, well, you don't
retire into your sixty nine and a half or seventy
(16:21):
or whatever it is. So you have those people, then
you have the people that are like, well, I want
to retire at thirty, and that's okay.
Speaker 2 (16:28):
I support that.
Speaker 1 (16:29):
But retiring in general means you're not going to actively
be working, but you're still going to be breathing. So
you're still got to eat, you're still gonna want your car,
you're still going to have your big ass mortgage, You're
still gonna have all these things. So what is retirement?
Does retirement being not working? Does retirement mean not earning?
Speaker 2 (16:47):
What you know? For that concept, because it's such a.
Speaker 1 (16:50):
Big word that could mean so many things, just so
many different people like what is retirement?
Speaker 2 (16:55):
And then let's talk about how to plan for it?
Speaker 3 (16:57):
Absolutely? And I love I love that question. So retirement
is it could be relative?
Speaker 4 (17:01):
But I'd say, retirement for each specific individual means you're
stepping away from your main source of income. And now
that I've stepped away from my main source of income,
this is my goal. These are my golden years. Every
day is a Saturday and a Sunday, so I'm probably
spending a little bit more money, right or at least.
The goal is to maintain the lifestyle that you were
living when you were earning income. That's that's my goal
(17:25):
for my clients. I want you to maintain your lifestyle.
Unless we say, Okay, we've eliminated the big ass mortgage
like you mentioned, or we've eliminated our debt. It may
go down a little bit, but I mean the cost
of living goes up. Inflation goes up, right, so I
mean again, we want to maintain that lifestyle. So retirement
is basically you're stepping out of your main source of
income and now into your golden years where every day
(17:47):
is your Saturday and Sunday.
Speaker 2 (17:48):
I love that.
Speaker 1 (17:49):
I actually have a concept called a random Tuesday that
I talk about with my clients all the time, and
it is the thing that I used to do, that
thing that I used to do to celebrate something like
that nice restaurant I used to go to when it
was like an important day or celebrating a big accomplishment,
(18:09):
or like that place like that vacation or getting away
for the weekends. Like my definition of success is when
I can or not success. But my definition of having
reached a next level of excellence in my life and
in the things that I'm planning is being able to
do those celebratory things on a random Tuesday. When you
can make the celebratory the random Tuesday experience, it's your
(18:32):
lifestyle now, and that's okay.
Speaker 2 (18:34):
I love that you mention the.
Speaker 1 (18:37):
Concept of maintaining the lifestyle, And that's another important and
big word because if your lifestyle is also sustaining others
and you're planning, so if your lifestyle is currently sustaining
children that are young, and you're on the I want
to retire at forty five, Yeah, I love that we
(18:59):
have to consider that when you retire, that plan, whatever
it is that's going to be sustaining you financially, also
has to sustain these kids. Right, and then those of
us that are also caretakers and have parents that are
also going to require care at some point, Right, how
do we factor all of these things into the retirement
(19:21):
conversation or do they need to be factored?
Speaker 3 (19:25):
You know, what are we doing with that? Right?
Speaker 4 (19:27):
And again, so retirement is so relative, it's just so specific,
and it's funny because it doesn't matter where you are,
your retirement plan is going to look different from mine.
The next persons going to look different from all of ours.
So I think that most people retire once they're done
with the caregiving, once they're done with the children. So
we don't factor the children and so much unless there's
(19:48):
a special needs case. In that sense, that's a whole
different level of planning. You got attorneys involved, you got
trusts involved, you got other financial.
Speaker 3 (19:57):
Products and tools involve.
Speaker 4 (20:00):
What I will say is because it's so specific, and
because it's such a one a tailor plan that.
Speaker 3 (20:08):
Depends on where you are.
Speaker 4 (20:10):
Like, so, if if you are retiring, your kids will
be grown, you only have.
Speaker 2 (20:13):
One, right, I have one for now, one for now
more I would hope, So I hope.
Speaker 4 (20:17):
So, So I don't know what your goal is, right,
But say you want to retire when your child is
twenty years old, You're not.
Speaker 3 (20:26):
You're no longer worrying about that expense that you have
now every year for him? Right?
Speaker 4 (20:32):
Him? Is it him?
Speaker 3 (20:34):
You're not worrying about that anymore.
Speaker 4 (20:35):
So what you will be thinking about is, Okay, what
what are my overheads? Okay, where do I want to live?
How often do I want to travel? Do I want
to travel? Right? Are there some bigger purchases that you're
looking to make? Do you want to buy a car
every five or seven years?
Speaker 3 (20:48):
What is?
Speaker 4 (20:49):
It? Goes back to your goals, what specifically are you
looking to do? And then we plan around what does
that number look like?
Speaker 3 (20:56):
So it's it's just so hard to give a generic
answer because everybody's.
Speaker 1 (20:59):
Differ, absolutely, And it's part of the reason why I
asked that question, because it's why it's important to sit
with somebody like you, because I also feel like even
now and I think about stuff like this often, and
even now when you said about the car, where.
Speaker 2 (21:15):
It's like, oh, do you want to trade out your car?
Change your car?
Speaker 1 (21:18):
That's one thing I have not factored into my retirement, right,
not really, And so it's part of the reason why
it's important to sit with somebody who's got the full view,
like you've got the full angle. It's almost like I
feel like when you can sit with a financial advisor
(21:41):
you're driving, but they're kind of like they're the ones
that have the view of your blind spot.
Speaker 3 (21:47):
Absolutely, I'm so glad you said that.
Speaker 1 (21:49):
I was literally going to say that, Yeah, like you're
still in charge. You're still going to decide where the
money goes, how it goes, what you're going.
Speaker 2 (21:57):
To do for it, what you ain't going to do
for it.
Speaker 1 (21:59):
Because I also feel like sometimes I had a client
who I was referring to a financial advisor because I
was like, you're making a lot of money right now,
and you don't have anything.
Speaker 2 (22:08):
In place to help you.
Speaker 1 (22:11):
Number one, protect it, yep, and number two, there are
ways to make this money multiply where you can work less. Absolutely,
And her immediate response was like, I'm not investing in
the stock market.
Speaker 2 (22:22):
And I was like, whoa.
Speaker 3 (22:24):
Everybody thinks.
Speaker 1 (22:25):
But I didn't even say that, Like, those words did
not come out of my face.
Speaker 2 (22:30):
That's not what I'm talking about. Yeah, but let's talk
about that. Yes, you know, just at the point that
we are that we're recording this.
Speaker 1 (22:37):
There's just so much volatility in markets everywhere, and there's
so many conversations about it's going up, it's going down.
It's in the red, it's in the green, and people
are buying and people are selling. And then I keep
reading everywhere like what is that saying about be whatever
when people are greedy and be greedy. Oh, be scared
(22:57):
when people are greedy and be greedy when people are scared.
Speaker 2 (23:00):
Something like that. You know, it's just it's a lot.
Speaker 1 (23:02):
And so demystify the stock market for everybody, and then
let's talk about other ways that we make money.
Speaker 3 (23:09):
Absolutely, yeah, So I'm glad you acced that.
Speaker 4 (23:11):
So the stock market is a money making machine, right,
But the stock market is very volatile in nature.
Speaker 3 (23:19):
And so many things affect the stock market.
Speaker 4 (23:21):
There's political views, there's other things happening overseas. If a
CEO says something crazy of a company, it affects the
value of the shares.
Speaker 3 (23:28):
Blah blah blah blah. I can go on and on
and on.
Speaker 4 (23:31):
But when you're investing in the stock market, it's more
of a long term approach. You don't get up unless
you're day trader. That's a different story. I don't day
trade because I follow Warren Buffett. I I follow the
old school way, and I do feel like you are
going to come out ahead further if you look at
it from a long term investing standpoint, right, So over time,
if you look at the history and I wish I
(23:52):
had charts, but over time, the market is going to
progress and get higher over time, although it's gonna.
Speaker 3 (23:58):
Make some very significant dips.
Speaker 4 (24:00):
But if you have a twenty year term, a twenty
year time frame or a horizon before you're going to
touch into the growth that you're making, you can sit
back and go for the ride. You buckle up, you
buckle up, it's going to happen. The downturns are going
to happen. That's actually when you start to put more
money into the market because you're taking advantage of the
market being on sale. It's like we're going to go
shop it now because we see the prices of the
(24:21):
share just dropping.
Speaker 3 (24:23):
Right.
Speaker 4 (24:23):
So I don't get specifically into the stocks because I'm
more of a holistic planner than anything. But making money
in the stock market is not the only way to retire.
It's not the only way to make money. It's a
great source, it's a great avenue. But there's other ways.
There's real estate.
Speaker 1 (24:41):
Please, when you list a few other ways to make
some money, because look, here's the thing.
Speaker 2 (24:47):
I'll tell you this.
Speaker 1 (24:48):
I when I first began my entrepreneurship journey, I was
I was fresh out of high school, I think seventeen,
eighteen years old, opened to my first business. That's a
long time ago, many many months ago. I turned forty
this year. It's a long ass the time I go,
thank you, but.
Speaker 3 (25:09):
I'm forty as hell.
Speaker 1 (25:11):
The thing is, when I first started, I remember, I
remember being five six and taking dance classes, and then
I remember turning eighteen nineteen, I'm sorry younger than that,
fifteen sixteen, and being asked, do you want to pursue
this professionally? And my immediate answer was no, because if
I sprained my ankle, I can't pay for my car.
(25:33):
At that point, fifteen sixteen, my car was the most
important thing in my whole life.
Speaker 3 (25:37):
Right, And so fast forward.
Speaker 1 (25:40):
I'm in my twenties and I'm like, well, I'm not
going to I knew I wasn't going to pursue it
professionally as a dancer. I instead opened the business, right,
And so in my twenties, I was teaching, and then
I was like, I'm not trying to teach all these
damn kids and I loved teaching, but it's a lot.
Took a toll on my body. It took a toll.
I was always tired. I was Joe going to school
(26:00):
full time, getting my degrees. And then it was like,
I'm going to hire people. But the moment that I
stepped away from teaching, a lot of the students left
because a lot of the students wanted to learn with Gigi.
It is called Gigi's Dance Academy. So when you put
Susie and Jesse to teach, it takes time for Susie
and Jesse to earn the hearts of the children and
(26:21):
for the kids to stay.
Speaker 2 (26:21):
And blah blah blah blah blaha.
Speaker 1 (26:23):
Right, and then I realized I cannot have one source
of income. It just can't happen. So thankfully, I was
already pursuing my career in media. I've been in media
all my life, literally since I was five years old,
performing on TV. So I was already doing you know,
graphic design for magazines. I was doing radio, I was
(26:44):
doing television stuff like that. So I had these different
streams of income. And then I started thinking, well, I
don't want to do the dance studio. Anymore. I want
to focus just on my career. And then it was like,
so what if this making a little money, But then
what if this stops making money? And then I realized, well,
(27:05):
I never wanted to have one stream of income. I
always knew you needed to have more. In my mind
in my twenties, I was like two my media and
my business. And then in my forties, I'm at a
point where it's like, if I don't got seven things
making money at the same time, I'm just not okay.
I'm not okay. And ideally, yeah, six of those seven
(27:25):
things I don't got to do, Like I want my
job to feel like my hobby. I don't want my
job to feel like if one of my VIP clients
decides that she doesn't want to work with me anymore,
or wants to try another coach, or wants to or
all of my one on one clients decide. I had
a year a kid, you not, Yeah, I had one
(27:46):
year that I was like, what the fuck is going on?
Because straight up I had I was working with I
think it was four, I think I had four or
five VIP clients, and out of nowhere, one of them
decided she was going on a sabbatical for a year.
She's like, I am leaving everything and everyone behind, and
she was just going to go to like a temple
(28:06):
in India.
Speaker 2 (28:06):
I kid you not.
Speaker 1 (28:08):
So I'm like, okay, now, this is when my business
was built mostly on vip on one to one coaching. Okay,
so that was my highest ticket. They got the highest
you know, support whatever. The other one shut down her business.
She sold it from one day to the next. She
was like, I'm doing all the things, I have all
the fun I love this. And then she woke up
(28:28):
and she was like, got spoke to me in a dream,
and I'm selling it. She called her attorney and she
started putting documents in order, and she was like, so
I don't need coaching anymore because we were coaching strictly
for the business. And so she was and it was
like out of nowhere because her business was very profitable,
but she was also very intuitively led. She ended up
(28:49):
coming back later because her intuitive push to sell was
the right choice to do in that moment, but it
was because she was meant to be doing something else,
and then she came back to coaching to do that
other thing. But in that moment, she's like, God spoke
to me in a dream last night and I'm selling
the business.
Speaker 3 (29:08):
Wow.
Speaker 1 (29:08):
That day, she's like, I have after your coaching call,
I have meeting with my attorney to draft everything, and
I'm just telling you I'm selling it, so I don't
need coaching right now.
Speaker 2 (29:15):
So oh wow, Okay.
Speaker 1 (29:16):
Then the other one had a really personal, really catastrophic
stuff happened in her life and she had to step
away from everything, and she was like, you know, I'm
not doing anything anymore. I'm stopping everything. I need to
just take care of myself because this is a lot personally.
So out of these four clients, three were gone wow practically,
(29:38):
And this all happened in the span of like a week,
and I was like, what the hell am I going
to do now? Because these bills aren't going to stop coming.
I still want to go out and do the things
I want to do, but obviously next month is going
to look very different than this. Absolutely, So aside from
restructuring businesses where you know you can't you can't have
(29:59):
your mainst of income be based on one to one,
which is this is one of the things for those
of you that are already in the seizing happy ecosystem,
and you know about simple business systems, you know about SBS.
This experience is one of the experiences that led me
to develop SBS, to develop where my main source of
income in my business is from groups. So anyway, whether
(30:20):
my want to ones want to stay or go, I'm
gonna still make the same money I make. One to
ones are like what, I have a girlfriend that calls
it shoe money. Is like, she loves buying these like
expansive shoes.
Speaker 3 (30:30):
Really, I'm just like, I don't even know. I love shoes.
I love a nice pair of shoes.
Speaker 1 (30:34):
But I was like, you have shoes that still have
tags on them, that are worth thousands of dollars and
you don't wear them.
Speaker 2 (30:38):
She's like, I'm so happy just looking at them.
Speaker 3 (30:40):
And I'm like, do you boo.
Speaker 1 (30:42):
But when it comes to structuring incomes, when it comes
to building those different streams where even within your business
sometimes you need to have the different streams for those
that are in SBS. You know what we talk about
inner sales and outer sales, the business flowing in different ways.
How do you start in a non overwhelming way to
(31:06):
develop multiple.
Speaker 2 (31:08):
Streams of income?
Speaker 1 (31:09):
Yeah, so you talked about the stock market, you talked
about real estate. What are some other options, and then
we'll talk about like, what's the least overwhelming way?
Speaker 3 (31:18):
Man.
Speaker 4 (31:19):
The ease of making money now is it's so easy
now to make money with AI, with technology, with social media,
we're more connected than ever, even though sometimes it doesn't
feel that way, but we're more connected than ever. The
exposures there. All you need is a proper marketing. My
son he does. He has his own business where he
(31:39):
is merchandising selling different items, and I encourage him, Hey,
get a store going, you can go on. Literally, I
was sitting on a podcasting call not too long ago
and the guy was literally telling and this is not
my forte. But there are so many opportunities to make
money through either podcasting, merchandising, affiliate marketing, and it doesn't
(32:00):
take too much of your time because of the ease
of AI.
Speaker 2 (32:03):
Right.
Speaker 4 (32:04):
So, in addition to the stock market, in addition to
the real estate buying and flipping properties using residual income
from maybe rental income, right, there's affiliate marketing, the building
those streams of income through the ease of using and
utilizing AI. People are scared of AI I feel, but
if you embrace it and you learn it, I mean
that the possibilities are endless. I think that if a
(32:28):
lot of your time is going towards your most highest
profiting business, if that's a well oiled.
Speaker 3 (32:37):
Machine, you can now use that time.
Speaker 4 (32:39):
You're buying yourself more time to now say, hey, what
are some other projects from either my existing business, or
what are some hobbies or some things that I like
that will generate an income for me and help me
make money through my sleep. Does that answer your question?
Speaker 1 (32:52):
It does answer my question, and I love that. And
so yeah, multiple ways of having the money multiply itself.
Because listen, I've never seen it, and I'll knock on
wood just in.
Speaker 2 (33:04):
Case for those that are superstitious out there.
Speaker 1 (33:08):
I've never seen everything flow up at the same time, right,
Like sometimes one market is doing well, or one area
of monetization is doing well and another one not so much.
I've never seen all areas of monetization die at the
same time, right. And so when your business isn't doing well,
if you have a little money coming in another way,
it helps because then if that way is not doing well,
(33:30):
then that third way is probably up. It's a balance right.
When some things go up, other things go down. That's
just the way that it works. And so if you
can have something in place for each of the main
ways that you can monetize, or at the very least
for something that you're passionate about. Because you mentioned AI, right,
I am obsessed with AI too. I'm taking courses to
(33:52):
learn to PROMPT. I don't want to learn to code.
That's a little deeper than I care for. But I'm
in a course right now learning to PROMPT. And I
can tell you I've built my own AI for seizing Happy.
We're developing an AI for the clients, some of my
inner circle clients. And if you want to get in
on this since I've shared it publicly, just shoot me
a DM or I'll put the link on the on
the show notes. But we have an AI that my
(34:14):
clients can have access to that helps them to tap
in deeper to their voice and to their marketing and
to their messaging. It has already increased the sales of
some of my clients by over forty five percent and
decrease the amount of time they spend in their business
by at least half. If I had half of my
time back that's amazing, right, think of how much less
(34:36):
you'd be doing in business and how much more you'd
be doing for yourself, whether that's for your health, your relationships,
or launching another passion project, whatever it is. But now
I want to counter my own question, because how do
we also make sure that we are doing this without
the overwhelm or the burnout? Because I also feel like
(34:56):
trying to carry too many pots at once. I was
going to say, it doesn't work, So what's the right
way to do it without the overwhelmed? To add these
multiple streams that come without the overwhelm.
Speaker 4 (35:07):
I think it's all about structuring and managing your time properly.
That's all it falls back to. Honestly, I mean you
because even for me, I have I'm generating clients from
so many avenues. Like I'm doing a networking I'm a
part of a networking group that I run. I also
(35:30):
assist my clients in their personal lives and making sure
that I'm on top of servicing them. I have an
insurance business that I'm ensuring classes.
Speaker 3 (35:39):
It's so many different things.
Speaker 4 (35:40):
That I'm wearing, so for hats that I'm wearing, so
I properly structure my time, and everything is systemized.
Speaker 3 (35:46):
If you have a system, let me tell you, a
system will change your life.
Speaker 4 (35:51):
So if your systems are welled oil machines, it should
give you more time to be able to implement other
systems to make sure that these businesses are running properly.
Does it make sense? That makes perfect sense.
Speaker 1 (36:01):
It's one of the things that we talk about so
much inside our Seizing Happy ecosystem, that is to have
simple Our main program is called simple business system, right,
And that's exactly the goal is to make it simple,
to make it repeatable, and to make it really profitable.
And if you can approach I feel like I feel
like if you approach all of life with that mentality.
(36:24):
So the simple business system, the purpose is to have
a business that is repeatable and highly profitable.
Speaker 2 (36:30):
But simple is the key word.
Speaker 1 (36:31):
And if you apply that concept of simplicity first to
every part of life. How do we keep our relationship
more simple? How do we keep parenting more simple? How
do we keep our parents and everything we got to
do with them more simple? How do we keep date
night more simple? How do we like if we could
just ask that question to every single area of our life,
(36:54):
I feel like we would be so much happier all around.
A system of simplicity is the key because then it gives.
Speaker 3 (37:03):
Us that yeah, that breather.
Speaker 1 (37:06):
Yeah right, it doesn't have to be hard. And I
think that's another concept about.
Speaker 2 (37:12):
Well.
Speaker 1 (37:12):
It all connects about wealth building, which we think has
to come from making a lot of money, which we
think comes from working hard, which we buy buy force
because we think it comes from working hard. We want
to do more of it harder. So like just there's
just so much to break down.
Speaker 3 (37:31):
I know, I know, I think. I think that again.
Speaker 4 (37:35):
When you're meeting with your you have an advisor on
your side, it takes to worry away because where I
come in and in at is giving you a strategy.
Speaker 3 (37:44):
So it's clarity, clarity and strategy. That's it.
Speaker 4 (37:47):
I systemize literally my clients. We have a quarterly review
or quarterly check in. It's already systemized. I just know, hey,
you got to call.
Speaker 3 (37:56):
It this time. I hop on my zoom. My client's
on a zoom.
Speaker 4 (37:59):
We do all quickly and we make sure we're on track,
and then it's easy.
Speaker 3 (38:03):
Right.
Speaker 4 (38:04):
Then we have our annual reviews, making sure that we
check in because you don't just you don't just start
a plan and put it on autopilot and only check in.
Speaker 3 (38:11):
In five years.
Speaker 2 (38:11):
Yeah, then how do you know you're doing it right?
Speaker 3 (38:13):
Right? You gotta check in right.
Speaker 4 (38:16):
So I think that having again going back to that system,
having that advisor on your side, making sure that you
guys are collaborating, not me telling you what to do,
because again, at the end of it, in the end
of the day, it is your goal, it is your vision,
it is your plan. I'm just here to tell you, hey,
move in this direction. Hey, don't do that, because it's
going to cost you this amount of years or dollars
(38:38):
if we're not doing it the most effective way. I
lost my train of thought.
Speaker 1 (38:45):
Now, yeah, it's about the simplicity and having everything systemized
is what.
Speaker 2 (38:48):
You were talking about, and having well oiled machine. That
is it.
Speaker 3 (38:52):
And so going back to the clients, it doesn't matter
where you fall. I have there's links. You click the
link before you get to me.
Speaker 4 (38:59):
I mean, you have the link, get your email, you
get your confirmation email, we jump on the zoom.
Speaker 3 (39:02):
That's it.
Speaker 4 (39:03):
It's no having a conversation every other day for thirty minutes.
Speaker 3 (39:08):
That's taken away from time from doing something.
Speaker 4 (39:09):
Else that might either free me up for a more
profitable a thing or spending time with my family or
my loved ones.
Speaker 3 (39:17):
So yeah, systems are it.
Speaker 4 (39:19):
I mean it's too much convenience, it's too many tools
to be able to implement them.
Speaker 2 (39:23):
Yeah, and live our lives. Yeah, I love that.
Speaker 1 (39:25):
And So to wrap up somebody right now who is like,
you know what, this all makes sense. I want to
build my empire in a way that is going to
help me to do less and make more. What are
the first three steps that you would tell the women
that are watching this or listening to this, what are
the first three steps that they need to take in
(39:46):
order to start really building what is known as like
a financial empire.
Speaker 3 (39:53):
Number One, you got to have that mindset already there.
Speaker 4 (39:56):
That's very important because I can sit and talk to
someone all day about finances, but if they're not ready here,
it's going to go on one ear or not the other.
Speaker 3 (40:04):
We both wasted time.
Speaker 4 (40:07):
The Number two, consult with the financial planner or a
financial advisor, someone that's very that you feel a connection with.
I think that's important because you have to trust this
is confidential information. This is something that's very close and
dear to you. So when it comes to that, you
need to make sure you're picking someone that you feel
that you can connect with, that you guys can see
eut of eye on that you can see this being
a relationship that you guys can build together and get
(40:29):
those goals done together.
Speaker 3 (40:31):
And then three, it's just all about implementing and checking
in and just executing, you know.
Speaker 2 (40:36):
That's that's it.
Speaker 3 (40:38):
It's very simple.
Speaker 2 (40:39):
I love it.
Speaker 1 (40:40):
So I think that something you really touched upon that
is really really valuable too, is that implementation. Ye, getting
started with the plan is not enough. It's the consistency
and the implementing that is truly going to get you
the level of success that you need to have. And
then also something that I heard you say that I
found is really really important is this is really private
(41:03):
personal information.
Speaker 2 (41:05):
And so in that there is the shame that.
Speaker 1 (41:09):
Sometimes people feel around money. There is the guilt that
people sometimes feel about money. You feel guilty if you
make too much, you feel guilty if you don't make enough.
There's you know, shame about like I'm so much wealthier
than other people, and then I feel bad about it,
or shame that other people have made so much more
money than I have and I'm behind. Like, we just
have all these modeled thoughts in our brain about money.
Speaker 3 (41:31):
Yeah, and.
Speaker 1 (41:33):
If you're not, if you're not talking them out with
somebody who can help you realize the importance of making
those muddled thoughts work in your favor, meaning making.
Speaker 2 (41:45):
The thoughts of the thoughts about.
Speaker 1 (41:49):
Money that are not leading you to make more of
it more comfortably and more joyfully. If you're not working
on that part, it can get really hard for you
to go to a financial advisor and say I want
to make more. I wanted to multiply by itself, and
I want it to be easy. And here are the
only risks I'm willing to take. I'm willing to risk
this much or this much time. It's either your risking
(42:11):
money or your risking time. Like, if you're not, if
you're not willing to first uncover and to really work
through all of our money bs that we have in
our minds, it's just not going to be as successful.
Speaker 2 (42:25):
That's a really big part of it too. Right.
Speaker 4 (42:27):
Absolutely, money, money is really a tool. I mean, it's
not a measurement as to.
Speaker 2 (42:32):
Who is better and who is not.
Speaker 3 (42:33):
Yeah, really isn't. And then some people don't even want
to be like super rich. Some people want to just.
Speaker 4 (42:38):
Be comfortable and like, hey, I want to have my
little two houses, my rental income coming in, my stock
market investments.
Speaker 3 (42:44):
Blah blah blah.
Speaker 4 (42:45):
But yeah, it's a tool and it's also a mirror, right,
So it reflects wherever you are financially, reflects your relationship
within how you see money? Right?
Speaker 3 (42:57):
Me, growing up I saw money. Are we wrapping up? Now? Me?
Growing up, we didn't understand it. So when you don't
understand and your mind is not there yet, you're.
Speaker 4 (43:07):
Gonna it's not gonna be successful. You're not going to
pass on generational wealth. You're not going to ever be comfortable.
You're always gonna live paycheck to paycheck because you just
abuse the money because you don't care, you don't value it.
Speaker 3 (43:17):
Right, So I think again, that goes back to me
saying mindset.
Speaker 4 (43:21):
Once you have that mindset, and you wonder, Okay, why
am I always like living paycheck? Why why didn't I
have this amount of money in my reserves? How Come
every time I have an accident it sets me back
three months?
Speaker 3 (43:33):
How Come? How come I have a bunch.
Speaker 4 (43:35):
Of money and or I make a bunch of money
and I don't really have anything to show for what's
my relationship? Like, what does that mirror reflect back to me?
As far as this money that is.
Speaker 1 (43:47):
I can't think of a better way to wrap up
than with that, because that is exactly what money is.
It's just a mirror, right, And if you change a
little bit about yourself, that mirror looks different. Yes, if
you change a little little bit about your hair, what
you're wearing, you know, whether you want to wear high
waisted or low wasted metaphorical examples of if you change
(44:09):
what you are how you approach money, the mirror, in
other words, the reality of the finances that are facing
you will also change. Jasmine, thank you so much for
joining us on this episode of the Chats with GG Podcasts.
Speaker 3 (44:22):
It is a pleasure. Thank you for having me.
Speaker 1 (44:23):
I love to continue learning from you and listen, I
want to hear what was your greatest takeaway from this episode.
You know that I do this podcast for you, for
us to continue to grow, to continue to expand, to
continue to learn, and so that requires that you.
Speaker 2 (44:37):
Talk to me.
Speaker 1 (44:37):
So find me on Instagram at Seizing Happy or at
Chats with GG Podcasts. Tell me what has been your
favorite takeaway from this episode and you can find all
of Jasmine's contact information in the show notes. Get on
her calendar, have a conversation with her. Start to build
that beautiful wealth map that's going to get you to
(44:57):
your ultimate financial destination, whatever that is for you. Thank
you so much for listening to this episode of the
Chat with ggpodcast. If you loved what you heard, it
would light me up inside. If you rate, review, and
share this episode with a business bestie who you think.
Speaker 2 (45:17):
Will benefit from tuning in.
Speaker 1 (45:20):
Sharing this podcast is the best way to help it
grow and to continue to grow our tribe as well.
In the meantime, join me on Instagram at ggdas Live,
or check out our latest courses and programs for personal
and business growth at seizinghappy dot com.
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