August 14, 2025 • 28 mins
What if managing your finances wasn't just about surviving but thriving? Lopamudra Pattanayek, Managing Director at NextGen Prosperity, joins us to challenge conventional thinking about wealth building and family financial security.
Having immigrated from India in 2005 with a strong background in commerce and education, Lopa brings a unique cross-cultural perspective to financial planning. "We are not selling products," she explains, "we are offering dreams." This philosophy guides her approach to helping clients navigate complex financial decisions with minimal investment but maximum impact.
Through NextGen Prosperity's partnership with Integrity Financial, Lopa's team accesses over 500 financial companies to craft truly customized solutions. Whether you're planning for retirement, funding education, or protecting your family through insurance and estate planning, their comprehensive approach ensures nothing falls through the cracks.
Our conversation takes a fascinating turn when Lopa compares financial attitudes across generations and cultures. She notes how her grandparents would save half of every dollar earned, while today's instant-gratification society often neglects saving entirely. This cultural observation leads to a deeper discussion about teaching financial literacy to children from an early age – something woefully missing from most educational systems.
Perhaps most valuable is Lopa's emphasis on protection planning through proper insurance coverage and estate documents. "Life is unpredictable," she reminds us, advocating for regular "wealth check-ups" just as we prioritize health check-ups. Modern insurance products offer living benefits beyond traditional death benefits, making them versatile tools for comprehensive financial planning.
Ready to transform your financial future? Connect with Lopa for a free, no-obligation consultation that could change your family's financial trajectory for generations to come.
For more information, call 1-435-219-0295 or visit nextgenprosperities.com.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
This is the Good Neighbor Podcast, the place
where local businesses andneighbors come together.
Here's your host, Jeremy Wolf.
Speaker 2 (00:12):
Hello, hello, friends , family, wonderful community.
We're back for another episodeof the Good Neighbor Podcast.
So if you're out there andyou're listening to this and you
have issues with money, likemany of us do, we have a good
one for you today.
Our guest sitting here with andand forgive me if I butcher the
pronunciation.
This is a tough one, but I'mgoing to try my best.
(00:34):
I'm here with lopa mudrapatanayak yes, close.
Yes, yes close enough forcomfort.
Okay, we'll go with that.
Uh, should I just call you lopamudra, or is there a short,
shorter name that I call you?
You can call me just lopa thewhole world, thank you, thank
you, that makes it a lot easier.
All right, we're here with lopa.
Lopa joins us from next genprosperity, and so welcome to
(00:59):
the show.
Speaker 3 (01:00):
So nice to have you yes, thank you, mr Jeremy Wolf,
if I'm right with yourpronunciation.
Speaker 2 (01:10):
Wolf, how about the moon?
Okay, so let's get into this.
Why don't we start off byhaving you tell me a little bit
about the business?
What specifically do you guysdo over at NextGen Prosperity?
Speaker 3 (01:20):
Okay, so here I am.
My name is Lopamudra Patanayak.
I am from Fort Lauderdale, Ilive in this area.
First, I just want to give youthe little bit introduction for
me.
So I live in Florida from last15 to 17 years.
I came here 2008.
So I'm here from long time.
I am from basically from India.
(01:42):
I came to USA 2005 with myhusband.
So basically my company isgiving not any services, not any
business offer.
We are selling the dreams, justlike you.
So we are offering to everyonewith their dreams.
Does it make sense to you?
Speaker 2 (02:03):
Selling.
You said dreams.
Speaker 3 (02:06):
Yeah, we are not selling, we are offering the
dreams.
Yeah we are offering the dreams.
Speaker 2 (02:11):
Make your dreams come true.
Speaker 3 (02:12):
Exactly.
Speaker 2 (02:13):
We like that.
We like that.
Yes, okay, continue, continue,please.
Speaker 3 (02:16):
Okay.
So here how we are giving thedreams.
We all are stuck with our eightto 10 hours job or business
every time, right, because weneed to pay the bills when we
start our life.
Definitely, we are stuck withas an employee most of the time
if we want to go to the business.
So what we need to do, we needto invest a lots of money for
(02:38):
our business, right, or lots oftime.
There is two options, right.
So here we are managing theboth here with the very, very
minimum, you know, likeinvestment or without investment
.
Also, we are offering tofulfill your dreams because here
we are offering with a platform.
(02:58):
I don't know if you heard aboutthe integrity, the financial
company, one of the biggestcompany in the world, integrity.
Did you hear about that?
The company name, integrity,anytime, integrity.
Speaker 2 (03:10):
I don't think I have, so please tell me a little bit
more.
Speaker 3 (03:14):
Okay, this is the one of the biggest company in the
world and it's came with the AGInow.
So AGI and Integrity March andboth they are offering to us a
platform from where we can giveall the financial services to
everyone.
How, that's the thing we needto know when you will come to
this platform.
(03:34):
It's a system and we are justrunning the system and the
system is running our business.
We are not running our businessdirectly, we are just following
a system.
So this is basically afinancial services platform from
where we can give to everyone,to the financial services, like
(03:56):
every type of investment, everytype of insurance, college
planning for kids, retirementplanning for anyone you know,
and the most important is willand trust.
We can talk about that brieflyif you have some time, about the
will and trust and, mostimportant, few things.
Speaker 2 (04:16):
So yeah, I want to.
I want to get into all that,but I'd like you to paint a
little bit of a picture for ourlisteners.
Right, I'm out.
I'm out there listening.
I need some help with investingfinancial advice.
I pick up the phone and I callNextGen Prosperity.
What does that look like fromthe point I call?
How do you go about workingwith clients?
Can you walk us through alittle bit about your process?
Speaker 3 (04:37):
Yes, definitely we have a process, we have a system
.
We need to follow that.
But definitely all the processand system is in individual for
with our clients requirements.
We are here, we are just thestep from the state license,
financial planner, you knowwhenever, uh, someone is calling
(04:59):
us.
So we are going with therequirements and we are
customized the requirements withthe product.
How?
Because we can.
We have the access all over 514companies, you know all the
insurance and investment clientsand we are customized that.
We are doing our research.
(05:25):
Which product is best fit formy customer, for my client?
So we are providing thatproduct to them.
If they like it, they will takeit.
If they don't like it, we canresearch a little more.
Definitely we can find outsomething good product for them
so you guys have access?
Speaker 2 (05:43):
if I'm understanding correctly, you have access to a
plethora of financial products,ranging from you can put people
in asset allocations, bonds,treasuries, you can do all these
different types of vehicles,insurance products you run the
whole gamut, right.
You do all of these differenttypes of products.
So you have access to all thesedifferent channels.
Basically, depending on theindividual client, their
(06:06):
situation, their goals, youbasically sit down with them,
assess where they're at, wherethey're looking to go, and then
make recommendations for variousinvestment vehicles that you
feel would be beneficial forthat particular client.
Does that sound?
Speaker 3 (06:18):
about right, exactly, you are completely perfect.
Not only that also, we areproviding your dreams to fulfill
.
As I mentioned in the beginning, if you are looking for some
extra income, some additionalincome, whatever we are you are
doing without disturbing that.
If you are really lookingforward to expand your, your, uh
(06:39):
, financial goals, you know sowe are offering from this
platform to you.
You can be also a businessowner in the financial domain.
Speaker 2 (06:50):
I actually just oh go ahead.
Speaker 3 (06:53):
Yeah, so we are not offering the product only, we
are offering another carrieralso.
So which has the limit?
Is the sky high to make yourwealth.
Speaker 2 (07:04):
I just did a podcast recently with a client of mine
who's a wealth managementinsurance specialist, and we
were talking about the power ofcompounding interest and the
power of saving early.
And I have two kids, 11 and 13.
And this is a topic that I'mreally trying to hammer home in
their minds about the power ofstarting early.
(07:24):
Even if it's just a smallamount, it doesn't matter.
It's all about building thehabits from an early age of
starting Because it might besmall.
Now, if you're listening tothis and you don't have many
assets to deal with, you mightbe thinking, well, I don't have
anything to invest.
But that's not true, right?
You can take a small fractionof what you make, even if it's
just pennies on the dollar, andjust start diverting it into
some kind of interest bearingaccount, and then, over time,
(07:46):
you'll start doing a little bitmore and it'll start growing and
you'll start becoming a littlebit more mindful of this.
And then, if you start thatearly enough, and you're talking
about 30, 40 years later, youhad a huge nest egg.
Speaker 3 (07:58):
Oh my God, it will be huge.
For that you need to know aboutthe difference of simple
interest and the compoundinterest.
This is the two hand likesimple interest and the compound
interest which can make yourwealth for future a huge
difference.
Speaker 2 (08:15):
Yeah, absolutely.
So what do you typically runinto?
Obviously, when it comes tofinances and money, people can
be very confused, and people areoften known to be very bad with
money.
What are some of the biggestmisconceptions or biggest
problems that you see yourclients facing when they come to
(08:37):
you, when you start reallydigging into their situation?
Is it just what I was talkingabout?
People just don't save, orpeople aren't really mindful
enough about that.
Like, what types of things areyou running into that people are
just confused about?
Speaker 3 (08:50):
Yeah, you know, people are very confused about
the insurance.
I just want to give you someexamples, some stories.
Speaker 2 (08:56):
Insurance.
Speaker 3 (08:57):
You said yeah, insurance especially.
You know, like we all aregiving the car insurance when we
are buying the car, right?
Without insurance, nobody isgoing to sell you a car.
Why?
Why?
Because they are taking theirrisk.
They are transferring theirrisk to a company, right, it's
(09:17):
like risk transfer, but it'svery unfortunate.
When we are talking about thelife insurance, we all are
thinking we don't need itbecause who knows, after my die,
what is going to happen.
But if you are the bread andbutter winner for your family,
right?
And you told you have the 11years, and what is the next one?
(09:40):
The younger one or the elderone?
You have two kids, right.
Speaker 2 (09:43):
Yep 11 and 13.
Speaker 3 (09:45):
11 and 13.
So definitely, you need to maketheir future secure, right?
So if I am here, if I am nothere, my family should not
suffer for any bad things, right?
Without me also, my familyshould run like today.
So that's why we need theinsurance and we, the people,
(10:06):
don't want to talk about it morebecause, uh, and another one
thing about the will and trustalso, people are thinking when
we are getting old, that time weare, we need our will.
That time we need our trust.
But do you know that life isthe most unpredictable thing in
the world?
This is the most truth you knowand we are not accepting that,
(10:30):
but that's the the biggest truthin the universe.
So will and trust is not likefor the aged person.
Will and trust for everyone.
If you have kids, if you don'thave kids for any of the reason,
you need your will and trust.
There is so many reasons whensomeone is going to interest it.
I'm going to give theone-to-one session.
(10:51):
Why that is need for you.
I can.
And the first of all, oursession, my session is
completely free, with noobligation.
I just it's not a business frommy side, it's a education
purpose.
I am also a teacher.
I want to mention that I teachin the Broad County from long
time, you know, and I didfull-time teaching for some
(11:13):
times.
I did substitute because I havealso two kids.
So I'm trying to manage myfamily, you know as a mom, as a
wife, you know as a lady.
So we have to.
As a woman, you know, youalways are jumping from inside
and outside of your life.
So after that, when I saw inthis business I have the
opportunity to teach or give theeducation, not teach, give the
(11:39):
source of education about theirown financial growth, about
their own security, that time Igot so much interested in this
business.
Speaker 2 (11:49):
So that's something that I've been.
I mentioned I talked to my kidsabout this kind of stuff.
I think that these conceptsabout financial health and
literacy should be taught tokids as early as grade school,
even.
I know that sounds like ooh,that's a shocking thing, right?
How can you expose a child tofinances before they're older?
(12:09):
But you can make this soaccessible by creating
interactive games with kids toteach the concepts of
compounding interest, of beingsmart with money, without making
it sound like boring orwhatever it is, and I don't know
why it's such an importantaspect in life.
It's something that should betaught from an early age and I
(12:30):
think I guess they leave it upto families to teach this, and
unfortunately, there's not a lotof people out there that are
teaching kids this at such anearly age.
Speaker 3 (12:39):
Even not in the school or college.
Also, you will not get thatmuch clear idea about your
wealth management in your futurefor your whole life.
You know wealth management isnot a time being thing.
It's a long process, right?
If you will get the lottery,definitely that is a different
story.
But unfortunately, orfortunately, we are not.
(13:00):
Everyone is not the lotterywinner in the society, right?
Speaker 1 (13:05):
Yep.
Speaker 3 (13:06):
So if you are the lottery winner, definitely you
can be millionaire, billionairein one day.
Speaker 2 (13:12):
But the funny thing about that is you notice you
hear stories all the time aboutpeople that win the lottery,
that don't have financialknowledge or literacy and they
often will spend the money veryquickly.
They don't know how to manage.
They don't understand that ifyou come across a very large sum
of money, like if you had 10million dollars- and you just
put that money into a veryconservative portfolio with no
(13:33):
risk, earning like five percent,right, you going to have half a
million dollars a year inpassive income coming in and you
haven't even touched theinvestment, the principle, and
people don't even realize that.
And they get a bunch of moneyand they go buy a big house and
they buy a car.
Before they know it they haveno more money working for them,
they have no more income and themoney's gone like that, so it's
crazy how misguided people canbe when it comes to this type of
stuff.
Speaker 3 (13:53):
Exactly that's why money management, wealth
management, it's not a business,it's education, it's knowledge,
how early we can give to ourkids, to our society, to
everyone.
That will be more work foreveryone.
It's not only a business.
That's why this platform is notoffering the business.
(14:14):
That's why I told you this isthe platform from where we are
offering the dreams, where youcan fulfill your dreams with
your wealth right Without money.
We are saying money is noteverything in our life, but
without money, nothing ispossible too.
Speaker 2 (14:31):
So when you say it's not a business and you're just
helping people fulfill theirdreams, that's not.
I mean, it still is a business,right?
You're still.
This still is a business foryou, right?
You're not doing this.
Is this a complete, likecharitable thing that you're
doing, or is this something thatyou?
Is this like a nonprofit or forprofit?
What is how is the businessstructured?
Because it is, it is a.
It is a business, right?
(14:51):
Yeah.
Speaker 3 (14:52):
Okay, so just I'm repeating my sentence it's not
only a business.
Speaker 2 (14:57):
Not only a business, okay.
Speaker 3 (14:58):
Okay, so this is a business.
Speaker 2 (15:00):
It's not a business okay.
Speaker 3 (15:01):
Time equal to money, right, when you are doing the
charity, that is charity, okay,but this is a business, but not
only a business, because this isa kind of education which you
are transferring to your family,to your friends, to your
clients, to your society in thelarger way, right, and this is a
wealth management system whichyou are providing to your family
(15:24):
, friends, clients and society.
So this has so many hands.
It's not only one thing.
Yes, business is the part of myservices, but there is so many
other services too.
Speaker 2 (15:37):
Got it Okay.
You mentioned earlier that youcame over from India around 2008
.
Is that right?
Speaker 3 (15:44):
Not from 2000.
I came in 2005.
Speaker 2 (15:46):
2005.
Okay, in 2008, I came toFlorida and you also mentioned
you've been in education.
Have you always, going back tothe start of your professional
career, been involved withwealth management and finance,
or how did that progressionhappen for you?
Speaker 3 (16:01):
Yeah, the thing is that you know, yes, I have
little background because I didmy graduation, my education,
everything from in commercebackground, you know, in finance
background.
Okay, in that way, definitely Iwas a little bit interested
from the beginning round.
Okay, in that way, definitely Iwas little bit interested from
the beginning.
But I can say, in my journeyfrom uh 2003 I got married and
(16:21):
like from 2003 to 2015 you cansay I was completely a homemaker
, as a mom, as a wife.
You know, because, uh, you know, in the beginning of the life,
when you are starting with your,with your uh, like, with your
married life, it's somethingelse for the ladies, it's not
like the gents, right, and I gotthe kids by god blessing.
(16:42):
So, yeah, in that time, youknow, my husband always inspired
me because I have the solidbackground in finance or
education.
You know, and I'm completelyfrom a education educator family
, my parents were the teacher.
Now they are retired, so he hasalways inspired me.
You need to know what is goingon in the market or how I am
(17:04):
running this family.
Minimum, that we need to be onthe same boat, you know, and
whatever you are doing like, doit, but without that, also
please focus with your education.
Maybe you can do more educationor think about something which
you will make your future morestronger.
So he is the biggest inspiredinspiration for me.
(17:29):
So, yeah, from 2015 or 17, Istarted again to do something
else than raise my kids, andthat time they are also a little
bit bigger.
So I started looking for a joband very fortunately, I got the
offer from one of the schools asa teacher.
So after that, you know, I wasjust jumping from as a teacher
(17:50):
and as a mom.
So I was looking for the timefreedom.
You know, after five, six, sixyears, I was really started
struggling to maintaineverything because you know, as
a teaching job also have the bigresponsibility to you.
So even as a substitute teacher, also, you have a, you have the
.
You have to give the long timeto the school.
(18:11):
So, anyways, after that I, I oneof my friend came to our house.
His name is Mr Surinder Reddy,so he is actually basically his
background is the scientist.
He was working with my husband,but he was so much getting
interest in this platform, inthe finance, and he inspired me.
(18:32):
He told me, lopa, try it.
So he took me in this platformday by day.
Definitely, he gave me so muchhelp in this platform and I was
so much interested to do thisbusiness more and more and after
that I decided, no, I am goingto pursue on this field only.
Yes, in the beginning I got somany distractions, so many
(18:56):
communications which made me,which was making me down.
But you know like when somestrong pillar with you and your
insight, your vision, is biggerthan before, that time you know
like you can do whatever youwant to do.
You know if the path is rightfor you and if you are thinking,
(19:16):
yes, you can do it, you can doit.
Speaker 2 (19:20):
Absolutely.
I wanted to ask, I'm interestedto get your perspective.
Obviously, there's a vastcultural difference between
India and the United States.
What are some of the or one ofthe biggest differences in terms
of, um, how, in terms of like,finance and money, between
indian culture and us culture?
(19:41):
Is there something that comesto mind in terms of likea stark
difference that pops out withhow people view money in india,
say, against how we view it here?
Speaker 3 (19:49):
yes, yes, I I don't know like I should tell it or
not, but very frankly speaking,it's my own realization.
You know, it's not only Indiaor USA, it's like generation
also.
You know, like beforegeneration and now generation.
You know, I saw to mygrandparents or my dad also.
You know, if they are earningten dollar, they will save
(20:11):
minimum five dollar, and fivedollar they are going to spend
for their family most of the 99percent of the rest of the five
dollars.
They are going to spend fortheir only the family, you know
like, not their themselves also.
You know, but USA, I feel thatthat part is kind of missing.
(20:33):
You know, whatever they aregetting there, they want to
spend it, uh, for themselves ortheir family, for sure, but the
savings part is really missing.
And yes, uh, that that's theproblem with the this generation
too.
Even my own daughter also, youknow like.
When I saw he, she got thefirst salary when she got a
(20:55):
part-time job or interim, youknow like.
So she went immediately to themall, she bought some cosmetic,
this, this, this, you know like,and spent three to $400 very
easily.
And we are going to think aboutthat, not one time, I think.
Still now I'm going to thinkabout them three times to spend
that money.
Speaker 2 (21:15):
Yeah, I mean we do live in an interesting time,
right.
We live in a land of instantgratification, especially in
Western society, right,everything is more and more and
more and more abundance, andhuman beings by nature are
selfish creatures.
So when you mix this whole fastpaced society with being
(21:37):
successful status, right, itcould be a recipe for disaster.
And you can get out of handwhen, when you really got to
look back to, like you just said, the older generations had more
of a different mindset when itcame to this kind of stuff which
is something that's totallymissed right now.
Speaker 3 (21:55):
Yeah, sorry to interrupt you.
Main difference you know therequirements in the before two
generation, if you'll see theyare in our grandparents time you
know their requirement was very, very less.
I don't know about this countrybecause I was not there in that
time, right, but I can say myown experience.
My grandparents was like where,with the very many minimum in
(22:19):
their life you know, they don'tneed a big car or AC car for
going somewhere.
They're very much used to withtheir, you know, any type of
vehicle you know.
And after that, in my dad'stime, it's increased, no doubt
it increased a little bit right.
Generation to generation.
It's increased, no doubt it'sincreased a little bit right.
Generation to generation.
Now, for our time also, it'sagain.
(22:39):
Now we need a Honda, after thatmaybe it will go to the
Mercedes, then BMW, then againand again, something, something
right.
So and our next generation,definitely they are something
else.
So it's generation togeneration are uh, bringing up
and up our requirements yeah,that's the main issue, I think,
(23:03):
for now nowadays society.
If you remember I don't know inour, your, uh, in this country
or like your family how in ourtime we were getting the new
clothes maybe two or three timesin the whole year.
Right, and we are super happywith that, yeah, nowadays even
for the toys also, but nowadayswe are buying almost every
(23:25):
weekend it's crazy yeah, mydaughter has the subscription to
sheen and they send.
Speaker 2 (23:32):
It's like you can go buy things for so inexpensive.
And they send you new boxes ofclothes and then, like the
wardrobe is out the next season,a new one comes in.
It's like I, I go buy thingsfor so inexpensive and they send
you new boxes of clothes andthen, like the wardrobe is out
the next season, a new one comesin.
It's like I, I, my myself, mycloset.
I have shirts from 15, 20 yearsago.
I don't do a lot of shopping.
I think the older I get, themore.
I'm just okay with being okay.
I don't need all the fancies.
I think that comes with agealso, too.
(23:53):
Yes, yes, very interesting,cool.
So before we wrap up here, whatwould be one thing that you'd
like to leave our listeners with?
It could be about the business,or it could be just a piece of
life, wisdom, a little nuggetthat you want to leave with our
listeners.
Speaker 3 (24:12):
Okay, so both is together.
First, you know you need toprotect your family.
Whoever you are, whatever youare, you need to protect
yourself and your family.
For that, whatever you aredoing with your wealth
management maybe you are perfect, but just like your as your
health checkup please sit downwith me or someone else as a
(24:36):
financial planner to see howyour wealth management is doing,
like your health checkup.
Do your wealth checkup Sittingwith me or other financial
planner.
It's not that means you need tobuy something or you need to do
something With no obligation.
You can sit with us.
It's not that means you need tobuy something or you need to do
something With no obligation.
You can sit with us.
It's completely free and itwill be one to one or it will be
(25:00):
with your family, with yourteam.
We can go with your financialcheckup, your wealth checkup,
and with that, first of all, youneed to check about your
protection plan, which is willand trust and which is term
insurance.
I just want to mention that toagain and again, trust me with
(25:20):
that two services as a financialplanner or as a financial agent
.
We are not getting commission ahuge amount when it is very,
very small amount, but still,I'm talking about that again and
again.
As I told you, it's not abusiness only, it's a financial
services too, to protect yourfamily.
And one more thing terminsurance is not only giving the
(25:44):
death benefit, it's giving theliving benefit.
That means you can use yourmoney.
Don't make that misconceptionwith you.
After me, who is going to takemy money as a death benefit?
I really don't care.
I heard about that.
So about so many people youknow and that for that you know
(26:04):
from last five years time,insurance is not offering only
the death benefit, it's offeringthe living benefit.
We'll talk about that more whenI can see you.
Speaker 2 (26:15):
Thank you.
So, lastly, how can ourlisteners learn more?
What's the best way to reachyou guys?
Maybe share your website andyour contact information.
Speaker 3 (26:23):
Okay, my website is nextgenprosperitycom is
435-219-0295 or 954-210-8614.
Please feel free to call meanytime.
Speaker 2 (26:45):
Perfect.
We will, of course, drop a linkin the description below to all
your contact information sothose who are interested can
reach out.
Lopa, it's a pleasure havingyou on the show.
It's always nice to meetanother local business owner in
the community doing good workand helping to educate the
public, so we appreciate youhaving me on.
Thank you.
Speaker 3 (27:03):
Thank you so much.
One thing I just want to add.
This is my I am just a MD fromthe AGI platform marketing
director, so it's completely,you know, like honor to get it
and I'm super happy how I'mgrowing and I'm running for as a
RMD regional marketing director.
(27:24):
So within two months one to twomonths I'll be there.
Speaker 2 (27:28):
Okay, that's awesome, very exciting, thank you.
Thank you so much, all right,well, everyone thanks for tuning
in and we will catch you allnext time on the next episode of
the Good Neighbor Podcast.
Everyone, take care, stay well,have a great day, thank you.
Speaker 3 (27:42):
Thank you so much for your time Bye.
Speaker 1 (27:45):
Thanks for listening to the Good Neighbor Podcast
Cooper City.
To nominate your favorite localbusiness to be featured on the
show, go to GNPCooperCitycom.
That's GNPCooperCitycom, orcall 954-231-3170.
This is the Good Neighbor Podcast, the place
where local businesses andneighbors come together.
Here's your host, Jeremy Wolf.
Speaker 2 (00:12):
Hello, hello, friends , family, wonderful community.
We're back for another episodeof the Good Neighbor Podcast.
So if you're out there andyou're listening to this and you
have issues with money, likemany of us do, we have a good
one for you today.
Our guest sitting here with andand forgive me if I butcher the
pronunciation.
This is a tough one, but I'mgoing to try my best.
(00:34):
I'm here with lopa mudrapatanayak yes, close.
Yes, yes close enough forcomfort.
Okay, we'll go with that.
Uh, should I just call you lopamudra, or is there a short,
shorter name that I call you?
You can call me just lopa thewhole world, thank you, thank
you, that makes it a lot easier.
All right, we're here with lopa.
Lopa joins us from next genprosperity, and so welcome to
(00:59):
the show.
Speaker 3 (01:00):
So nice to have you yes, thank you, mr Jeremy Wolf,
if I'm right with yourpronunciation.
Speaker 2 (01:10):
Wolf, how about the moon?
Okay, so let's get into this.
Why don't we start off byhaving you tell me a little bit
about the business?
What specifically do you guysdo over at NextGen Prosperity?
Speaker 3 (01:20):
Okay, so here I am.
My name is Lopamudra Patanayak.
I am from Fort Lauderdale, Ilive in this area.
First, I just want to give youthe little bit introduction for
me.
So I live in Florida from last15 to 17 years.
I came here 2008.
So I'm here from long time.
I am from basically from India.
(01:42):
I came to USA 2005 with myhusband.
So basically my company isgiving not any services, not any
business offer.
We are selling the dreams, justlike you.
So we are offering to everyonewith their dreams.
Does it make sense to you?
Speaker 2 (02:03):
Selling.
You said dreams.
Speaker 3 (02:06):
Yeah, we are not selling, we are offering the
dreams.
Yeah we are offering the dreams.
Speaker 2 (02:11):
Make your dreams come true.
Speaker 3 (02:12):
Exactly.
Speaker 2 (02:13):
We like that.
We like that.
Yes, okay, continue, continue,please.
Speaker 3 (02:16):
Okay.
So here how we are giving thedreams.
We all are stuck with our eightto 10 hours job or business
every time, right, because weneed to pay the bills when we
start our life.
Definitely, we are stuck withas an employee most of the time
if we want to go to the business.
So what we need to do, we needto invest a lots of money for
(02:38):
our business, right, or lots oftime.
There is two options, right.
So here we are managing theboth here with the very, very
minimum, you know, likeinvestment or without investment
.
Also, we are offering tofulfill your dreams because here
we are offering with a platform.
(02:58):
I don't know if you heard aboutthe integrity, the financial
company, one of the biggestcompany in the world, integrity.
Did you hear about that?
The company name, integrity,anytime, integrity.
Speaker 2 (03:10):
I don't think I have, so please tell me a little bit
more.
Speaker 3 (03:14):
Okay, this is the one of the biggest company in the
world and it's came with the AGInow.
So AGI and Integrity March andboth they are offering to us a
platform from where we can giveall the financial services to
everyone.
How, that's the thing we needto know when you will come to
this platform.
(03:34):
It's a system and we are justrunning the system and the
system is running our business.
We are not running our businessdirectly, we are just following
a system.
So this is basically afinancial services platform from
where we can give to everyone,to the financial services, like
(03:56):
every type of investment, everytype of insurance, college
planning for kids, retirementplanning for anyone you know,
and the most important is willand trust.
We can talk about that brieflyif you have some time, about the
will and trust and, mostimportant, few things.
Speaker 2 (04:16):
So yeah, I want to.
I want to get into all that,but I'd like you to paint a
little bit of a picture for ourlisteners.
Right, I'm out.
I'm out there listening.
I need some help with investingfinancial advice.
I pick up the phone and I callNextGen Prosperity.
What does that look like fromthe point I call?
How do you go about workingwith clients?
Can you walk us through alittle bit about your process?
Speaker 3 (04:37):
Yes, definitely we have a process, we have a system
.
We need to follow that.
But definitely all the processand system is in individual for
with our clients requirements.
We are here, we are just thestep from the state license,
financial planner, you knowwhenever, uh, someone is calling
(04:59):
us.
So we are going with therequirements and we are
customized the requirements withthe product.
How?
Because we can.
We have the access all over 514companies, you know all the
insurance and investment clientsand we are customized that.
We are doing our research.
(05:25):
Which product is best fit formy customer, for my client?
So we are providing thatproduct to them.
If they like it, they will takeit.
If they don't like it, we canresearch a little more.
Definitely we can find outsomething good product for them
so you guys have access?
Speaker 2 (05:43):
if I'm understanding correctly, you have access to a
plethora of financial products,ranging from you can put people
in asset allocations, bonds,treasuries, you can do all these
different types of vehicles,insurance products you run the
whole gamut, right.
You do all of these differenttypes of products.
So you have access to all thesedifferent channels.
Basically, depending on theindividual client, their
(06:06):
situation, their goals, youbasically sit down with them,
assess where they're at, wherethey're looking to go, and then
make recommendations for variousinvestment vehicles that you
feel would be beneficial forthat particular client.
Does that sound?
Speaker 3 (06:18):
about right, exactly, you are completely perfect.
Not only that also, we areproviding your dreams to fulfill
.
As I mentioned in the beginning, if you are looking for some
extra income, some additionalincome, whatever we are you are
doing without disturbing that.
If you are really lookingforward to expand your, your, uh
(06:39):
, financial goals, you know sowe are offering from this
platform to you.
You can be also a businessowner in the financial domain.
Speaker 2 (06:50):
I actually just oh go ahead.
Speaker 3 (06:53):
Yeah, so we are not offering the product only, we
are offering another carrieralso.
So which has the limit?
Is the sky high to make yourwealth.
Speaker 2 (07:04):
I just did a podcast recently with a client of mine
who's a wealth managementinsurance specialist, and we
were talking about the power ofcompounding interest and the
power of saving early.
And I have two kids, 11 and 13.
And this is a topic that I'mreally trying to hammer home in
their minds about the power ofstarting early.
(07:24):
Even if it's just a smallamount, it doesn't matter.
It's all about building thehabits from an early age of
starting Because it might besmall.
Now, if you're listening tothis and you don't have many
assets to deal with, you mightbe thinking, well, I don't have
anything to invest.
But that's not true, right?
You can take a small fractionof what you make, even if it's
just pennies on the dollar, andjust start diverting it into
some kind of interest bearingaccount, and then, over time,
(07:46):
you'll start doing a little bitmore and it'll start growing and
you'll start becoming a littlebit more mindful of this.
And then, if you start thatearly enough, and you're talking
about 30, 40 years later, youhad a huge nest egg.
Speaker 3 (07:58):
Oh my God, it will be huge.
For that you need to know aboutthe difference of simple
interest and the compoundinterest.
This is the two hand likesimple interest and the compound
interest which can make yourwealth for future a huge
difference.
Speaker 2 (08:15):
Yeah, absolutely.
So what do you typically runinto?
Obviously, when it comes tofinances and money, people can
be very confused, and people areoften known to be very bad with
money.
What are some of the biggestmisconceptions or biggest
problems that you see yourclients facing when they come to
(08:37):
you, when you start reallydigging into their situation?
Is it just what I was talkingabout?
People just don't save, orpeople aren't really mindful
enough about that.
Like, what types of things areyou running into that people are
just confused about?
Speaker 3 (08:50):
Yeah, you know, people are very confused about
the insurance.
I just want to give you someexamples, some stories.
Speaker 2 (08:56):
Insurance.
Speaker 3 (08:57):
You said yeah, insurance especially.
You know, like we all aregiving the car insurance when we
are buying the car, right?
Without insurance, nobody isgoing to sell you a car.
Why?
Why?
Because they are taking theirrisk.
They are transferring theirrisk to a company, right, it's
(09:17):
like risk transfer, but it'svery unfortunate.
When we are talking about thelife insurance, we all are
thinking we don't need itbecause who knows, after my die,
what is going to happen.
But if you are the bread andbutter winner for your family,
right?
And you told you have the 11years, and what is the next one?
(09:40):
The younger one or the elderone?
You have two kids, right.
Speaker 2 (09:43):
Yep 11 and 13.
Speaker 3 (09:45):
11 and 13.
So definitely, you need to maketheir future secure, right?
So if I am here, if I am nothere, my family should not
suffer for any bad things, right?
Without me also, my familyshould run like today.
So that's why we need theinsurance and we, the people,
(10:06):
don't want to talk about it morebecause, uh, and another one
thing about the will and trustalso, people are thinking when
we are getting old, that time weare, we need our will.
That time we need our trust.
But do you know that life isthe most unpredictable thing in
the world?
This is the most truth you knowand we are not accepting that,
(10:30):
but that's the the biggest truthin the universe.
So will and trust is not likefor the aged person.
Will and trust for everyone.
If you have kids, if you don'thave kids for any of the reason,
you need your will and trust.
There is so many reasons whensomeone is going to interest it.
I'm going to give theone-to-one session.
(10:51):
Why that is need for you.
I can.
And the first of all, oursession, my session is
completely free, with noobligation.
I just it's not a business frommy side, it's a education
purpose.
I am also a teacher.
I want to mention that I teachin the Broad County from long
time, you know, and I didfull-time teaching for some
(11:13):
times.
I did substitute because I havealso two kids.
So I'm trying to manage myfamily, you know as a mom, as a
wife, you know as a lady.
So we have to.
As a woman, you know, youalways are jumping from inside
and outside of your life.
So after that, when I saw inthis business I have the
opportunity to teach or give theeducation, not teach, give the
(11:39):
source of education about theirown financial growth, about
their own security, that time Igot so much interested in this
business.
Speaker 2 (11:49):
So that's something that I've been.
I mentioned I talked to my kidsabout this kind of stuff.
I think that these conceptsabout financial health and
literacy should be taught tokids as early as grade school,
even.
I know that sounds like ooh,that's a shocking thing, right?
How can you expose a child tofinances before they're older?
(12:09):
But you can make this soaccessible by creating
interactive games with kids toteach the concepts of
compounding interest, of beingsmart with money, without making
it sound like boring orwhatever it is, and I don't know
why it's such an importantaspect in life.
It's something that should betaught from an early age and I
(12:30):
think I guess they leave it upto families to teach this, and
unfortunately, there's not a lotof people out there that are
teaching kids this at such anearly age.
Speaker 3 (12:39):
Even not in the school or college.
Also, you will not get thatmuch clear idea about your
wealth management in your futurefor your whole life.
You know wealth management isnot a time being thing.
It's a long process, right?
If you will get the lottery,definitely that is a different
story.
But unfortunately, orfortunately, we are not.
(13:00):
Everyone is not the lotterywinner in the society, right?
Speaker 1 (13:05):
Yep.
Speaker 3 (13:06):
So if you are the lottery winner, definitely you
can be millionaire, billionairein one day.
Speaker 2 (13:12):
But the funny thing about that is you notice you
hear stories all the time aboutpeople that win the lottery,
that don't have financialknowledge or literacy and they
often will spend the money veryquickly.
They don't know how to manage.
They don't understand that ifyou come across a very large sum
of money, like if you had 10million dollars- and you just
put that money into a veryconservative portfolio with no
(13:33):
risk, earning like five percent,right, you going to have half a
million dollars a year inpassive income coming in and you
haven't even touched theinvestment, the principle, and
people don't even realize that.
And they get a bunch of moneyand they go buy a big house and
they buy a car.
Before they know it they haveno more money working for them,
they have no more income and themoney's gone like that, so it's
crazy how misguided people canbe when it comes to this type of
stuff.
Speaker 3 (13:53):
Exactly that's why money management, wealth
management, it's not a business,it's education, it's knowledge,
how early we can give to ourkids, to our society, to
everyone.
That will be more work foreveryone.
It's not only a business.
That's why this platform is notoffering the business.
(14:14):
That's why I told you this isthe platform from where we are
offering the dreams, where youcan fulfill your dreams with
your wealth right Without money.
We are saying money is noteverything in our life, but
without money, nothing ispossible too.
Speaker 2 (14:31):
So when you say it's not a business and you're just
helping people fulfill theirdreams, that's not.
I mean, it still is a business,right?
You're still.
This still is a business foryou, right?
You're not doing this.
Is this a complete, likecharitable thing that you're
doing, or is this something thatyou?
Is this like a nonprofit or forprofit?
What is how is the businessstructured?
Because it is, it is a.
It is a business, right?
(14:51):
Yeah.
Speaker 3 (14:52):
Okay, so just I'm repeating my sentence it's not
only a business.
Speaker 2 (14:57):
Not only a business, okay.
Speaker 3 (14:58):
Okay, so this is a business.
Speaker 2 (15:00):
It's not a business okay.
Speaker 3 (15:01):
Time equal to money, right, when you are doing the
charity, that is charity, okay,but this is a business, but not
only a business, because this isa kind of education which you
are transferring to your family,to your friends, to your
clients, to your society in thelarger way, right, and this is a
wealth management system whichyou are providing to your family
(15:24):
, friends, clients and society.
So this has so many hands.
It's not only one thing.
Yes, business is the part of myservices, but there is so many
other services too.
Speaker 2 (15:37):
Got it Okay.
You mentioned earlier that youcame over from India around 2008
.
Is that right?
Speaker 3 (15:44):
Not from 2000.
I came in 2005.
Speaker 2 (15:46):
2005.
Okay, in 2008, I came toFlorida and you also mentioned
you've been in education.
Have you always, going back tothe start of your professional
career, been involved withwealth management and finance,
or how did that progressionhappen for you?
Speaker 3 (16:01):
Yeah, the thing is that you know, yes, I have
little background because I didmy graduation, my education,
everything from in commercebackground, you know, in finance
background.
Okay, in that way, definitely Iwas a little bit interested
from the beginning round.
Okay, in that way, definitely Iwas little bit interested from
the beginning.
But I can say, in my journeyfrom uh 2003 I got married and
(16:21):
like from 2003 to 2015 you cansay I was completely a homemaker
, as a mom, as a wife.
You know, because, uh, you know, in the beginning of the life,
when you are starting with your,with your uh, like, with your
married life, it's somethingelse for the ladies, it's not
like the gents, right, and I gotthe kids by god blessing.
(16:42):
So, yeah, in that time, youknow, my husband always inspired
me because I have the solidbackground in finance or
education.
You know, and I'm completelyfrom a education educator family
, my parents were the teacher.
Now they are retired, so he hasalways inspired me.
You need to know what is goingon in the market or how I am
(17:04):
running this family.
Minimum, that we need to be onthe same boat, you know, and
whatever you are doing like, doit, but without that, also
please focus with your education.
Maybe you can do more educationor think about something which
you will make your future morestronger.
So he is the biggest inspiredinspiration for me.
(17:29):
So, yeah, from 2015 or 17, Istarted again to do something
else than raise my kids, andthat time they are also a little
bit bigger.
So I started looking for a joband very fortunately, I got the
offer from one of the schools asa teacher.
So after that, you know, I wasjust jumping from as a teacher
(17:50):
and as a mom.
So I was looking for the timefreedom.
You know, after five, six, sixyears, I was really started
struggling to maintaineverything because you know, as
a teaching job also have the bigresponsibility to you.
So even as a substitute teacher, also, you have a, you have the
.
You have to give the long timeto the school.
(18:11):
So, anyways, after that I, I oneof my friend came to our house.
His name is Mr Surinder Reddy,so he is actually basically his
background is the scientist.
He was working with my husband,but he was so much getting
interest in this platform, inthe finance, and he inspired me.
(18:32):
He told me, lopa, try it.
So he took me in this platformday by day.
Definitely, he gave me so muchhelp in this platform and I was
so much interested to do thisbusiness more and more and after
that I decided, no, I am goingto pursue on this field only.
Yes, in the beginning I got somany distractions, so many
(18:56):
communications which made me,which was making me down.
But you know like when somestrong pillar with you and your
insight, your vision, is biggerthan before, that time you know
like you can do whatever youwant to do.
You know if the path is rightfor you and if you are thinking,
(19:16):
yes, you can do it, you can doit.
Speaker 2 (19:20):
Absolutely.
I wanted to ask, I'm interestedto get your perspective.
Obviously, there's a vastcultural difference between
India and the United States.
What are some of the or one ofthe biggest differences in terms
of, um, how, in terms of like,finance and money, between
indian culture and us culture?
(19:41):
Is there something that comesto mind in terms of likea stark
difference that pops out withhow people view money in india,
say, against how we view it here?
Speaker 3 (19:49):
yes, yes, I I don't know like I should tell it or
not, but very frankly speaking,it's my own realization.
You know, it's not only Indiaor USA, it's like generation
also.
You know, like beforegeneration and now generation.
You know, I saw to mygrandparents or my dad also.
You know, if they are earningten dollar, they will save
(20:11):
minimum five dollar, and fivedollar they are going to spend
for their family most of the 99percent of the rest of the five
dollars.
They are going to spend fortheir only the family, you know
like, not their themselves also.
You know, but USA, I feel thatthat part is kind of missing.
(20:33):
You know, whatever they aregetting there, they want to
spend it, uh, for themselves ortheir family, for sure, but the
savings part is really missing.
And yes, uh, that that's theproblem with the this generation
too.
Even my own daughter also, youknow like.
When I saw he, she got thefirst salary when she got a
(20:55):
part-time job or interim, youknow like.
So she went immediately to themall, she bought some cosmetic,
this, this, this, you know like,and spent three to $400 very
easily.
And we are going to think aboutthat, not one time, I think.
Still now I'm going to thinkabout them three times to spend
that money.
Speaker 2 (21:15):
Yeah, I mean we do live in an interesting time,
right.
We live in a land of instantgratification, especially in
Western society, right,everything is more and more and
more and more abundance, andhuman beings by nature are
selfish creatures.
So when you mix this whole fastpaced society with being
(21:37):
successful status, right, itcould be a recipe for disaster.
And you can get out of handwhen, when you really got to
look back to, like you just said, the older generations had more
of a different mindset when itcame to this kind of stuff which
is something that's totallymissed right now.
Speaker 3 (21:55):
Yeah, sorry to interrupt you.
Main difference you know therequirements in the before two
generation, if you'll see theyare in our grandparents time you
know their requirement was very, very less.
I don't know about this countrybecause I was not there in that
time, right, but I can say myown experience.
My grandparents was like where,with the very many minimum in
(22:19):
their life you know, they don'tneed a big car or AC car for
going somewhere.
They're very much used to withtheir, you know, any type of
vehicle you know.
And after that, in my dad'stime, it's increased, no doubt
it increased a little bit right.
Generation to generation.
It's increased, no doubt it'sincreased a little bit right.
Generation to generation.
Now, for our time also, it'sagain.
(22:39):
Now we need a Honda, after thatmaybe it will go to the
Mercedes, then BMW, then againand again, something, something
right.
So and our next generation,definitely they are something
else.
So it's generation togeneration are uh, bringing up
and up our requirements yeah,that's the main issue, I think,
(23:03):
for now nowadays society.
If you remember I don't know inour, your, uh, in this country
or like your family how in ourtime we were getting the new
clothes maybe two or three timesin the whole year.
Right, and we are super happywith that, yeah, nowadays even
for the toys also, but nowadayswe are buying almost every
(23:25):
weekend it's crazy yeah, mydaughter has the subscription to
sheen and they send.
Speaker 2 (23:32):
It's like you can go buy things for so inexpensive.
And they send you new boxes ofclothes and then, like the
wardrobe is out the next season,a new one comes in.
It's like I, I go buy thingsfor so inexpensive and they send
you new boxes of clothes andthen, like the wardrobe is out
the next season, a new one comesin.
It's like I, I, my myself, mycloset.
I have shirts from 15, 20 yearsago.
I don't do a lot of shopping.
I think the older I get, themore.
I'm just okay with being okay.
I don't need all the fancies.
I think that comes with agealso, too.
(23:53):
Yes, yes, very interesting,cool.
So before we wrap up here, whatwould be one thing that you'd
like to leave our listeners with?
It could be about the business,or it could be just a piece of
life, wisdom, a little nuggetthat you want to leave with our
listeners.
Speaker 3 (24:12):
Okay, so both is together.
First, you know you need toprotect your family.
Whoever you are, whatever youare, you need to protect
yourself and your family.
For that, whatever you aredoing with your wealth
management maybe you are perfect, but just like your as your
health checkup please sit downwith me or someone else as a
(24:36):
financial planner to see howyour wealth management is doing,
like your health checkup.
Do your wealth checkup Sittingwith me or other financial
planner.
It's not that means you need tobuy something or you need to do
something With no obligation.
You can sit with us.
It's not that means you need tobuy something or you need to do
something With no obligation.
You can sit with us.
It's completely free and itwill be one to one or it will be
(25:00):
with your family, with yourteam.
We can go with your financialcheckup, your wealth checkup,
and with that, first of all, youneed to check about your
protection plan, which is willand trust and which is term
insurance.
I just want to mention that toagain and again, trust me with
(25:20):
that two services as a financialplanner or as a financial agent
.
We are not getting commission ahuge amount when it is very,
very small amount, but still,I'm talking about that again and
again.
As I told you, it's not abusiness only, it's a financial
services too, to protect yourfamily.
And one more thing terminsurance is not only giving the
(25:44):
death benefit, it's giving theliving benefit.
That means you can use yourmoney.
Don't make that misconceptionwith you.
After me, who is going to takemy money as a death benefit?
I really don't care.
I heard about that.
So about so many people youknow and that for that you know
(26:04):
from last five years time,insurance is not offering only
the death benefit, it's offeringthe living benefit.
We'll talk about that more whenI can see you.
Speaker 2 (26:15):
Thank you.
So, lastly, how can ourlisteners learn more?
What's the best way to reachyou guys?
Maybe share your website andyour contact information.
Speaker 3 (26:23):
Okay, my website is nextgenprosperitycom is
435-219-0295 or 954-210-8614.
Please feel free to call meanytime.
Speaker 2 (26:45):
Perfect.
We will, of course, drop a linkin the description below to all
your contact information sothose who are interested can
reach out.
Lopa, it's a pleasure havingyou on the show.
It's always nice to meetanother local business owner in
the community doing good workand helping to educate the
public, so we appreciate youhaving me on.
Thank you.
Speaker 3 (27:03):
Thank you so much.
One thing I just want to add.
This is my I am just a MD fromthe AGI platform marketing
director, so it's completely,you know, like honor to get it
and I'm super happy how I'mgrowing and I'm running for as a
RMD regional marketing director.
(27:24):
So within two months one to twomonths I'll be there.
Speaker 2 (27:28):
Okay, that's awesome, very exciting, thank you.
Thank you so much, all right,well, everyone thanks for tuning
in and we will catch you allnext time on the next episode of
the Good Neighbor Podcast.
Everyone, take care, stay well,have a great day, thank you.
Speaker 3 (27:42):
Thank you so much for your time Bye.
Speaker 1 (27:45):
Thanks for listening to the Good Neighbor Podcast
Cooper City.
To nominate your favorite localbusiness to be featured on the
show, go to GNPCooperCitycom.
That's GNPCooperCitycom, orcall 954-231-3170.
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