May 28, 2025 • 22 mins
Financial literacy shouldn't be a mystery, yet so many entrepreneurs struggle to navigate funding options beyond traditional banking. That's exactly why my conversation with Precious Johnson of WeInform Consulting Group is a must-listen for anyone looking to grow their business or invest in real estate.
Precious brings refreshing clarity to the often-murky world of business funding, explaining how her approach differs dramatically from traditional banks and SBA lenders. As a broker with access to multiple lending sources, she offers financial solutions tailored to businesses that conventional institutions might otherwise reject. "If you don't fall in line with what they're looking for, they're pretty much pushing you off to the side," she explains about traditional banks, highlighting why alternative funding routes are critical for many entrepreneurs.
The episode dives deep into the distinctions between hard money, private capital, and institutional funding—knowledge that can transform how you approach business growth. Precious illustrates how strategic funding can build long-term wealth using the example of a truck driver expanding from one vehicle to a fleet, then eventually investing in commercial real estate. This step-by-step wealth-building approach through smart financing decisions illuminates pathways many business owners never consider.
Perhaps most eye-opening is Precious's discussion of the financial literacy gap affecting entrepreneurs and individuals alike. "We don't get taught how to manage and be adults," she points out, explaining how this educational void leads to financial struggles. Her passion for education shines when describing a specialized budgeting program that can help people pay off a 30-year mortgage in as little as five years without drastically changing their lifestyle.
Connect with Precious Johnson
email: precious@weinformconsulting.com
Instagram - @preciousajo24
https://l.facebook.com/preciousajo24
website: Home | We Inform
Phone: 434-443-2621
Ready to transform your approach to business funding and financial management? Find Precious Johnson on Instagram and LinkedIn as "MsPreciousAJO" and discover how informed financial decisions can unlock your path to sustainable success. Subscribe to the podcast for more conversations that will help you build, connect, and thrive in your entrepreneurial journey.
Stay tuned for the next episode of Ready Set Collaborate with Wanda Pearson. Subscribe - Follow and Like Ready Set Collaborate with Wanda Pearson
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 2 (00:08):
Welcome to Ready Set.
Collaborate with Wanda Pearson.
This is where ideas spark,connections grow and
collaborations fuse success.
Tune in for inspiring stories,expert insights and
game-changing conversations.
Let's build, connect and thrivetogether.
Remember collaboration is thekey to success.
Speaker 3 (00:29):
Welcome, welcome, welcome to the Ready Set
Collaborate podcast with WandaPearson.
I am your host, wandaPearson-Moy, and I'm thrilled to
welcome a powerhouse guest.
I'm talking about a powerhouseguest, especially with a
beautiful name Precious Johnson,with we Inform Consultant.
Precious is a passionate coach,speaker and financial educator
(00:51):
who is on a mission to empowerindividuals and entrepreneurs
with the knowledge they need toassess business and investment
funding.
Through her consulting firm,she helps people make informed
decisions, financial decisions,and unlock their path to success
.
Get ready to be inspired, takenotes and learn how
collaboration and financialliteracy go hand in hand, and
(01:12):
that's why I named this podcastReady Set Collaborate, Precious.
Say hi to the audience.
Precious, I'm going to talk toyou about your bio.
This is just a littleintroduction, just getting them
ready for that.
Say hello.
Speaker 1 (01:22):
Hello everyone, hello , hello, hello, it's a pleasure
to be here with Wanda and thankyou for inviting me?
Speaker 3 (01:27):
yes, definitely, we saw each other.
God, we met each other.
How many years ago when Istarted doing networking?
I want to say it was at leastthree.
I'm thinking it's coming on atleast that, because I had you on
my webinar, we did a webinartogether yeah, we got to go back
to that.
Speaker 1 (01:41):
I know exactly I plan on doing.
Speaker 3 (01:42):
I plan on doing a seminar as well.
I'm about educating and you aretoo Educating and empowering
people to know what's out thereand how they can be informed,
Like I love that we inform aboutwhat's happening in the
financial, in the literacy,because a lot of us don't know.
I was just talking to a younglady about insurance With our
business legal insurance we callit legal insurance.
(02:04):
They don't know what they don'tknow.
We are out here, just like youand I, to educate people about
that and how they can get betterinformed.
Let me talk about your bio here.
Pressure Johnson is a powerhousebehind WeInform Consulting
Group, a financial empowermentand business education firm
dedicated to equippingindividuals and entrepreneurs
(02:24):
with the clarity and confidenceto navigate business funding and
real estate investment fundingoptions.
With a passion to close in theknowledge gap, Precious has
positioned WeInform as a go-toresource for those looking to
access capital, build businesscredit and secure funding for
sustainable business growth.
(02:44):
Her growth into the world offinance and entrepreneurship
began in the real estate space,where she initially connected
with investors to wholesaleproperties.
That hands-on experience ledher to.
What is it?
Renata's education platform,where she immersed herself in
(03:05):
learning directly from industrypractitioners.
Through that journey, she wasintroduced to the world of hard
money lending, an encounter thatultimately sparked the founding
of we Inform Consulting Group.
I love that.
You definitely said that.
This says it all in a nutshell.
I appreciate you coming on theshow and, like I said, we're
about educating collaboration,and that's really the key to
(03:26):
success.
Right, I said collaboration isthe key to success.
We always want to know how wecan collaborate and I'm going to
tell you, Precious, when we hadCOVID, that's when we started
doing webinars, and after I didthe webinars, I said, okay, God
told me, okay, Wanda, you'regoing to do, and also Edelene
Dryden, you're going to do,podcasts.
I'm like, what Podcasts I'vebeen doing podcasts.
(03:48):
It'll be two years in Novemberand I like to talk.
As you can see, it's a nobrainer, but I wanted to make
sure I got guests on thatactually they can share their
business with the audience andhow they can actually help you
Get ready and I'm going to askyou some questions about
understanding Bring them on.
Bring them on, All right.
(04:09):
My first, what we're going totalk about is understanding the
business of funding, right, howdoes your approach differ from a
traditional bank or SBA lender?
And that's a good question.
Speaker 1 (04:19):
We inform we are a broker In saying that we have
access to several lenders inwhich we can get funding options
.
From when you're thinking aboutgoing to a traditional bank,
they lock you into a criteriabecause you're a risk and they
want their risk to be a certainway.
(04:39):
If you don't fall in line withwhat they're looking for,
they're pretty much pushing youoff to the side.
What makes us different isbecause we have access to the
different lenders.
Of course, you get options.
You get access to differentoptions, but it's not only going
to be based on how long you'vebeen in business, and then some
of the options can go off ofcredit or not credit, based on
(05:00):
how much income you have goingon as well in your business.
Those are three differentcriteria that I can look at in
order to get financing optionsfor your company.
Speaker 3 (05:09):
That's great.
That's great to know because Iknow a lot of people because
these traditional banks and SBAlenders they don't really give
those loans out freely and thenyou're going to pay for it and
then you got that high interestrate to be able to pay for it
and you got to pay it back.
Speaker 2 (05:24):
Yeah.
Speaker 3 (05:24):
Thank you for sharing that, and let's move on to your
real estate investment fundingthe smart way.
What's the difference betweenhard money, private capital and
institutional funding?
Speaker 1 (05:35):
OK, let's start with institutional, because I just
pretty much mentioned it in thelast question.
Institutional is the banks,like I said, or your credit
unions or your government-backedloans.
They fall under a traditionalguideline in which they can only
provide you with funding,although, depending on the type
(05:56):
of business you have, how longyou've been in business and how
comfortable they are withfunding for you.
I will be honest and say thatmay traditional bank may be a
route for you, maybe the betterroute, because, although they
are in a strict guideline, theysometimes offer better and lower
costs for their money.
Long term or differentscenarios like that may be more
(06:18):
advantageous.
However, if you don't quitefollow in their guidelines,
that's becoming the play.
Now when you talk about hardmoney usually for those like
it's in the real estate spaceAgain, they are more asset based
.
What type of property you'relooking at?
Asset based for the lending,the fees will be higher because
it's all in your business andit's a hard money lender.
(06:39):
If you're not able to go tothat traditional bank, you'll be
looking at a hard money loan.
They also have faster fundingoptions.
Like you can be funded within aweek, depending on how fast you
get your information back andforth to the lender and the
terms can be shorter and it canbe all based on what you're
looking to do.
They can navigate what yourinvestment strategy will look
(07:02):
like.
If you're going to do ashort-term hold or like a fix
and flip, hard money may be yourgo-to.
If you're looking for along-term refinance, those
options are available as well.
Now, when you look at theprivate money, it's like a
friend, family, just peopleyou've connected with over time
that has capital that's willingto invest in you and what you
(07:23):
got going on the power.
The powerful thing aboutprivate money is the terms can
be negotiated and it's notalways going to be in a specific
realm unless they have theirspecific guidelines on what they
want to invest their money, andthey've been doing it for a
while.
But if you approach with anopportunity that makes sense and
(07:45):
you're able to make them money,I'm sure they'll be willing to
listen, and that's also a goalthat we have.
As well as building not onlyrelationships with institutions
and hard money lenders, but alsowith our private lenders, we
can also have a full dynamicability to fund real estate
investments or even get capitalfor an investment that a client
(08:07):
may have Just being thatone-stop shop and go to tell
them get funded.
Speaker 3 (08:13):
Okay, what about like commercial real estate?
How does that work?
You do commercial and regularreal estate, right?
Speaker 1 (08:20):
They kind of all fall in the same line.
When it comes to commercialreal estate, it is really all
dependent on what kind of assetsyou're.
The same line when it comes tocommercial real estate.
It is really all dependent onwhat kind of assets you're
looking for.
And it's again if you needprivate money, it's something
that we're collaborating withmore investors to be able to
provide private money.
If you're looking for hardmoney loans, that also falls in
(08:41):
line with that as well.
When you ask the question whatabout commercial?
Can you be just a little bitmore specific?
Speaker 3 (08:46):
Like a building, like if you want to invest in a new
building, that's the people orsomeone wants to invest in the
building.
Building the business or youwant to.
Speaker 1 (08:54):
You mean like purchasing a building, as far as
being that your brick andmortar, yeah, okay, yes, that is
an option and you can also lookinto it as far as maybe like an
SBA route, and we do have SBAlenders that are able to fund
that process.
But if that doesn't work out,you can actually still do the
(09:15):
hard money route and maybe thebuilding is something that you
might want to look into thelong-term financing on the hard
money side.
Or if it needs some renovations, you can look into a short term
loan that can help you renovateit.
Then you'll be able to get intoyour long-term investment after
and then build your businesslike that, as long as it has an
asset on the land that it can befunded.
Speaker 3 (09:38):
Okay.
Okay, that's good.
You go through a process withthat client to see what best
fits them.
Yeah.
Yeah, that's good to knowespecially a lot of small
businesses.
Speaker 1 (09:51):
It's all about just getting an idea of what the
client has going on.
I can best navigate which routethat I would think would be a
good route, or at least, andalso provide just other options
that they can maybe think aboutthat they didn't think about
before.
Speaker 3 (10:08):
That's good.
It's about education, right?
You're educating them on what'sthe best route to go there, and
that makes sense.
Yeah, Thank you for telling me.
What about if they want to?
What do you call it Like whenyou you have a loan already and
you want to see if you can get alower rate?
Speaker 1 (10:23):
What about that Do you guys help with that.
Speaker 3 (10:26):
What's that?
Speaker 1 (10:27):
You said like that sounds like a refinance.
Speaker 3 (10:29):
Yeah, that's what I'm talking about Refinance.
Speaker 1 (10:32):
Yes, that is a possibility for the asset that
they have going on.
Speaker 2 (10:36):
Yes, the only thing.
Speaker 1 (10:38):
The only thing that I will say we don't do, I would
say, is like a debtconsolidation on a space.
If they're looking for toconsolidate debt that is not a
space that I am in but if theircapital and business information
looks good to the lender, maybethey can get a loan that is
enough to consolidate all thatinto that one loan.
Speaker 3 (11:00):
That makes sense.
That makes sense and that'sgood to know, and that's why we
inform you on the best way to goabout this.
Let's talk about buildingwealth through strategic funding
.
How can business or real estatefunding be part of a long-term
wealth strategy?
Speaker 1 (11:15):
Great question Business funding.
Okay, let's start with that one.
If you I want to give anexample If you are, let's say, a
truck driver and you want tobuild your own business in that
aspect, if you're starting outand it's just you, you could, as
(11:35):
you continue to go along andstart building those
relationships and actuallygetting more income coming in,
you can then reach out to me andthen say, okay, I want to buy
another piece of asset, I canput a driver in it, and that's
called like the equipmentfinancing.
You get an equipment loan, youfinance another truck, you get a
driver in it.
Now you have two trucks, youand your other driver, and
that's a start.
Once you start building that upand you get to a space to where
(11:58):
now you can probably put someonein your truck and you have
another driver in your othertruck, but you want to continue
to expand, you can come back andsay I want another equipment
financing or equipment loan orworking capital.
You can pay for the expensesthat come along with gas and
different things and maintenanceand other things, just so you
can have that cushion.
(12:19):
While you're working with those, your new employees pretty much
continue to build there.
Once that happens you canactually look into maybe going
into the real estateno-transcript.
(12:46):
That'll be your brick andmortar location.
Not only are you having moretrucks coming in, but you also
have an asset in real estatethat can continue to build
wealth for you.
And you can also start theninvesting your company into
actual other assets in the realestate space where you want to
do long-term holds and startbuilding your wealth that way
that's awesome.
Speaker 3 (13:06):
Yeah, commercial drivers definitely listen to
this and get in touch with them.
We're precious because that isa great start.
A lot of people now get intothe commercial truck driving and
having that, having this, beinginformed of how you can
actually do that real estatewhich means that space that you
want you're building your truckdrivers that's a great way to
start.
Yeah, thank you, thank you forsharing that.
(13:27):
That's great Because I have acouple of truck drivers.
I actually did a podcast with acouple of truck drivers
Actually three truck drivers,not for me, exactly.
I got to introduce you all andthat's what I talk about
collaboration girl, how we cancollaborate with each other.
Let's talk about the budgetingprogram.
Okay, that's a financial gamechanger.
Speaker 1 (13:46):
Yes, it is.
It is In the Renatus program.
I learned about this conceptcalled velocity banking and that
was like I don't know, maybefive or six years ago, and as I
was learning about it, I waslike, man, this is something
(14:07):
right here, this is something,but at the time it's almost like
something you had to build outon an Excel spreadsheet, keep
going over it, and even thoughI'm very well versed in Excel, I
just didn't want to create thetime to create that spreadsheet.
Fast forward to now, I ended upmeeting a man connected with
United Financial Freedom, which,who built out a program
(14:30):
connected with United FinancialFreedom, which, who built out a
program, this budgeting programthat actually does what I
learned.
It's about accelerating yourdebt and what that means is,
obviously, if it's going to takeyou 30 years let's talk about
your mortgage If it's going totake you 30 years to pay off
that mortgage, if you put allyour information into the system
(14:50):
how much you make and all thatyou can potentially pay off your
debt in as little as five years, based on the step-by-step
guides that the program does andtells you what you need to do
to get there.
Not only is it easy, becausethe system's doing it for you.
It connects with all debts.
(15:10):
It's not just your mortgage,it's any debt that you have.
It's going to show you how toaccelerate it, pay the least
amount of money in interest andget debt free as soon as
possible.
You can live your life.
It's not about it's not aboutchanging your life.
It's about managing what yougot going on.
Your lifestyle can stay how youwant it to be that's awesome.
Speaker 3 (15:30):
That's good to know, because a lot of us are.
They're not thinking about that.
Like you said, it's forindividual and businesses, right
?
Speaker 1 (15:38):
yes, it is, it is and yeah, like you said, it's for
businesses as well.
If you're having a hard timemanaging on managing your income
and expenses in your businessbecause maybe you don't have an
excel spreadsheet that youconsistently can go to, maybe
you don't have an Excelspreadsheet that you
consistently can go to, or youdon't have a CPA, an accountant,
all those different things, andyou're managing that on your
own, you can put all yourbusiness information into the
(15:59):
system as well and it'll do thesame exact thing for your
business.
Think of it if you're a primarybusiness business going back to
the real estate is buying homes, buying homes.
And imagine if you have about10 homes in the program.
Imagine how fast you're payingthat off.
(16:19):
If you do it step-by-step onwhat it's showing you to do,
you're debt-free on all thoseproperties and all you got is
cash flow with no expensesexcept for the taxes and
different things.
But imagine that.
Speaker 3 (16:31):
That's awesome and that's called the.
What is it Renatus?
What is it called?
Speaker 1 (16:34):
No, this is a budgeting program that is
connected through UnitedFinancial Freedom.
It's different from Renatus.
Speaker 3 (16:41):
Okay, okay, that's great.
By you learning that, it's goodfor you to share it and educate
people on that.
Let's talk about that andactually about financial
literacy and empowerment.
Why do you believe financialliteracy is such a gap for
entrepreneurs and investors?
Speaker 1 (16:57):
I think of financial literacy as a gap for not only I
think it's a gap for everybody.
Yes, honestly, we didn't.
Schooling nowadays I know it'sa.
It's a fine line to where I cango with that, cause I can go
off the deep end.
But there's a fine line towhere I can go with that because
I can go off the deep end.
But there's a fine line thateducation system, and I feel
that we don't get taught how tomanage and be adults.
(17:20):
When we become adults and haveto manage our money, it's like
it's trial and error till wefigure it out and then some
really never really figure itout.
And then there's money,consumer mindsets and there's
many ads.
Just keep pushing and postingand showing you hey, buy this.
And some people are not able towithstand and manage that, even
though I know there's creditrepair options out there and
(17:41):
people that do that.
The program and what I believein is the program is designed to
help you become a bettermanager of your finances.
Help you become a bettermanager of your finances, not
just fixing the issue fromcredit repair even though, yes,
it needs to be fixed becauseyou've already messed up.
(18:02):
But let's get to a place towhere we can stay in a good
financial situation and not goback to making those same
mistakes that we've made becausewe didn't know, and we don't
have to have credit repair againafter we've done it.
That's the purpose of wantingto also bring the budgeting tool
to the forefront and provide itas an option to help us.
Speaker 3 (18:22):
That's great, and you help people to do that right.
Speaker 1 (18:25):
Yes, the program.
It's about learning the programand how it actually works and
how you can navigate it.
We have people on standby andeven I can help you navigate and
put your information in, and Ialso provide a free analysis
that can show you what yourpersonalized situation would
look like if you were to be inthe program, how long it'll show
you everything at the top, howlong it's going to take you to
(18:47):
get out of debt, how muchinterest you're saving.
Speaker 3 (18:49):
All of that that's awesome and that's why you're
called the informant.
I love that she's an informantbecause she informs you of what
you can do and she can educateyou on what you can do.
Precious, tell us how peoplecan get in touch with you.
Also, your social media handleand I'm going to have that in
the show notes as well.
Speaker 1 (19:09):
Okay sure, I obviously see this QR code right
up in here somewhere.
Show notes as well.
Okay sure.
I obviously see this QR coderight up in here somewhere.
I can't even get my finger.
But seeing that QR code has allmy information on it, even the
ability to schedule a countyinvite and connect with me.
But also on social media.
You can find me on Instagram atMiss Precious Miss Precious
A-J-O, which is middle initial,last initial and part of my next
(19:33):
letter in my last name, msPrecious AJL, as well as on
LinkedIn as well, ms PreciousAJL.
Speaker 3 (19:41):
Okay, great, this is going to.
They can see your QR code whenit's on YouTube and by being on
audio.
Speaker 2 (19:46):
we need to make sure?
Speaker 3 (19:48):
yeah, then we can make sure that they can connect
with you on that as well.
But I appreciate you coming onand this has been long awaiting.
I said we go back.
We did the webinar during thecovid area and now we're out of
the cold.
I don't know if we still out ofcovid area but it's just good
to see where the mask.
Yeah, it's just good to see howyou have advanced and I'm proud
of you to be able to do evenmore in educating people on what
(20:11):
you do.
As far as the funding and Iknow how you started with the
funding and the literacyempowerment that is really
important because now peopleneed to hear that, they need to
know how to do that.
But I truly appreciate youcoming on the Ready Set
Collaborate podcast Listenaudience.
What an insightful andempowering conversation with
(20:32):
Precious Johnson.
Her passion for educatingothers through we Inform
Consulting is truly making adifference.
If you're ready to take chargeof your business finances and
funding opportunities, be sureto connect with her episode.
Don't forget to share,subscribe and join us next time
on it sorry, my throat is gonna.
(20:53):
Ready set collaborate podcastwhere you will we uplift voices,
build connections and celebratecollaboration and action.
Keep shining and rememberknowledge is the power when we
share it.
Thank you much, precious, forjoining us and we're going to
see what you're up to.
We're going to have you back onthe show yes, I hope so.
Speaker 1 (21:11):
thank so.
Thank you, ms Wong.
Speaker 3 (21:13):
Oh, absolutely.
It's just been a pleasure,Always a pleasure.
You're informing us andeducating us there.
And remember this is PreciousJohnson, the informed lady, so
next time make sure yousubscribe, listen and share.
This is how our podcast is fullof educational insight with our
guests.
If you follow, you'll see everyepisode that comes on right
(21:36):
after this one.
Thanks again, Precious, weappreciate you.
Speaker 1 (21:39):
See you later.
It was a pleasure.
Bye everyone.
Speaker 2 (21:42):
Bye.
That wraps up another episodeof Ready Set.
Collaborate with Wanda Pearson.
I hope you found inspirationand valuable insights to help
you build meaningful connectionsand successful collaborations.
If you enjoyed today'sconversation, be sure to
subscribe, share and stay tunedfor more great discussions.
Until next time, keepcollaborating and making an
(22:04):
impact.
Welcome to Ready Set.
Collaborate with Wanda Pearson.
This is where ideas spark,connections grow and
collaborations fuse success.
Tune in for inspiring stories,expert insights and
game-changing conversations.
Let's build, connect and thrivetogether.
Remember collaboration is thekey to success.
Speaker 3 (00:29):
Welcome, welcome, welcome to the Ready Set
Collaborate podcast with WandaPearson.
I am your host, wandaPearson-Moy, and I'm thrilled to
welcome a powerhouse guest.
I'm talking about a powerhouseguest, especially with a
beautiful name Precious Johnson,with we Inform Consultant.
Precious is a passionate coach,speaker and financial educator
(00:51):
who is on a mission to empowerindividuals and entrepreneurs
with the knowledge they need toassess business and investment
funding.
Through her consulting firm,she helps people make informed
decisions, financial decisions,and unlock their path to success
.
Get ready to be inspired, takenotes and learn how
collaboration and financialliteracy go hand in hand, and
(01:12):
that's why I named this podcastReady Set Collaborate, Precious.
Say hi to the audience.
Precious, I'm going to talk toyou about your bio.
This is just a littleintroduction, just getting them
ready for that.
Say hello.
Speaker 1 (01:22):
Hello everyone, hello , hello, hello, it's a pleasure
to be here with Wanda and thankyou for inviting me?
Speaker 3 (01:27):
yes, definitely, we saw each other.
God, we met each other.
How many years ago when Istarted doing networking?
I want to say it was at leastthree.
I'm thinking it's coming on atleast that, because I had you on
my webinar, we did a webinartogether yeah, we got to go back
to that.
Speaker 1 (01:41):
I know exactly I plan on doing.
Speaker 3 (01:42):
I plan on doing a seminar as well.
I'm about educating and you aretoo Educating and empowering
people to know what's out thereand how they can be informed,
Like I love that we inform aboutwhat's happening in the
financial, in the literacy,because a lot of us don't know.
I was just talking to a younglady about insurance With our
business legal insurance we callit legal insurance.
(02:04):
They don't know what they don'tknow.
We are out here, just like youand I, to educate people about
that and how they can get betterinformed.
Let me talk about your bio here.
Pressure Johnson is a powerhousebehind WeInform Consulting
Group, a financial empowermentand business education firm
dedicated to equippingindividuals and entrepreneurs
(02:24):
with the clarity and confidenceto navigate business funding and
real estate investment fundingoptions.
With a passion to close in theknowledge gap, Precious has
positioned WeInform as a go-toresource for those looking to
access capital, build businesscredit and secure funding for
sustainable business growth.
(02:44):
Her growth into the world offinance and entrepreneurship
began in the real estate space,where she initially connected
with investors to wholesaleproperties.
That hands-on experience ledher to.
What is it?
Renata's education platform,where she immersed herself in
(03:05):
learning directly from industrypractitioners.
Through that journey, she wasintroduced to the world of hard
money lending, an encounter thatultimately sparked the founding
of we Inform Consulting Group.
I love that.
You definitely said that.
This says it all in a nutshell.
I appreciate you coming on theshow and, like I said, we're
about educating collaboration,and that's really the key to
(03:26):
success.
Right, I said collaboration isthe key to success.
We always want to know how wecan collaborate and I'm going to
tell you, Precious, when we hadCOVID, that's when we started
doing webinars, and after I didthe webinars, I said, okay, God
told me, okay, Wanda, you'regoing to do, and also Edelene
Dryden, you're going to do,podcasts.
I'm like, what Podcasts I'vebeen doing podcasts.
(03:48):
It'll be two years in Novemberand I like to talk.
As you can see, it's a nobrainer, but I wanted to make
sure I got guests on thatactually they can share their
business with the audience andhow they can actually help you
Get ready and I'm going to askyou some questions about
understanding Bring them on.
Bring them on, All right.
(04:09):
My first, what we're going totalk about is understanding the
business of funding, right, howdoes your approach differ from a
traditional bank or SBA lender?
And that's a good question.
Speaker 1 (04:19):
We inform we are a broker In saying that we have
access to several lenders inwhich we can get funding options
.
From when you're thinking aboutgoing to a traditional bank,
they lock you into a criteriabecause you're a risk and they
want their risk to be a certainway.
(04:39):
If you don't fall in line withwhat they're looking for,
they're pretty much pushing youoff to the side.
What makes us different isbecause we have access to the
different lenders.
Of course, you get options.
You get access to differentoptions, but it's not only going
to be based on how long you'vebeen in business, and then some
of the options can go off ofcredit or not credit, based on
(05:00):
how much income you have goingon as well in your business.
Those are three differentcriteria that I can look at in
order to get financing optionsfor your company.
Speaker 3 (05:09):
That's great.
That's great to know because Iknow a lot of people because
these traditional banks and SBAlenders they don't really give
those loans out freely and thenyou're going to pay for it and
then you got that high interestrate to be able to pay for it
and you got to pay it back.
Speaker 2 (05:24):
Yeah.
Speaker 3 (05:24):
Thank you for sharing that, and let's move on to your
real estate investment fundingthe smart way.
What's the difference betweenhard money, private capital and
institutional funding?
Speaker 1 (05:35):
OK, let's start with institutional, because I just
pretty much mentioned it in thelast question.
Institutional is the banks,like I said, or your credit
unions or your government-backedloans.
They fall under a traditionalguideline in which they can only
provide you with funding,although, depending on the type
(05:56):
of business you have, how longyou've been in business and how
comfortable they are withfunding for you.
I will be honest and say thatmay traditional bank may be a
route for you, maybe the betterroute, because, although they
are in a strict guideline, theysometimes offer better and lower
costs for their money.
Long term or differentscenarios like that may be more
(06:18):
advantageous.
However, if you don't quitefollow in their guidelines,
that's becoming the play.
Now when you talk about hardmoney usually for those like
it's in the real estate spaceAgain, they are more asset based
.
What type of property you'relooking at?
Asset based for the lending,the fees will be higher because
it's all in your business andit's a hard money lender.
(06:39):
If you're not able to go tothat traditional bank, you'll be
looking at a hard money loan.
They also have faster fundingoptions.
Like you can be funded within aweek, depending on how fast you
get your information back andforth to the lender and the
terms can be shorter and it canbe all based on what you're
looking to do.
They can navigate what yourinvestment strategy will look
(07:02):
like.
If you're going to do ashort-term hold or like a fix
and flip, hard money may be yourgo-to.
If you're looking for along-term refinance, those
options are available as well.
Now, when you look at theprivate money, it's like a
friend, family, just peopleyou've connected with over time
that has capital that's willingto invest in you and what you
(07:23):
got going on the power.
The powerful thing aboutprivate money is the terms can
be negotiated and it's notalways going to be in a specific
realm unless they have theirspecific guidelines on what they
want to invest their money, andthey've been doing it for a
while.
But if you approach with anopportunity that makes sense and
(07:45):
you're able to make them money,I'm sure they'll be willing to
listen, and that's also a goalthat we have.
As well as building not onlyrelationships with institutions
and hard money lenders, but alsowith our private lenders, we
can also have a full dynamicability to fund real estate
investments or even get capitalfor an investment that a client
(08:07):
may have Just being thatone-stop shop and go to tell
them get funded.
Speaker 3 (08:13):
Okay, what about like commercial real estate?
How does that work?
You do commercial and regularreal estate, right?
Speaker 1 (08:20):
They kind of all fall in the same line.
When it comes to commercialreal estate, it is really all
dependent on what kind of assetsyou're.
The same line when it comes tocommercial real estate.
It is really all dependent onwhat kind of assets you're
looking for.
And it's again if you needprivate money, it's something
that we're collaborating withmore investors to be able to
provide private money.
If you're looking for hardmoney loans, that also falls in
(08:41):
line with that as well.
When you ask the question whatabout commercial?
Can you be just a little bitmore specific?
Speaker 3 (08:46):
Like a building, like if you want to invest in a new
building, that's the people orsomeone wants to invest in the
building.
Building the business or youwant to.
Speaker 1 (08:54):
You mean like purchasing a building, as far as
being that your brick andmortar, yeah, okay, yes, that is
an option and you can also lookinto it as far as maybe like an
SBA route, and we do have SBAlenders that are able to fund
that process.
But if that doesn't work out,you can actually still do the
(09:15):
hard money route and maybe thebuilding is something that you
might want to look into thelong-term financing on the hard
money side.
Or if it needs some renovations, you can look into a short term
loan that can help you renovateit.
Then you'll be able to get intoyour long-term investment after
and then build your businesslike that, as long as it has an
asset on the land that it can befunded.
Speaker 3 (09:38):
Okay.
Okay, that's good.
You go through a process withthat client to see what best
fits them.
Yeah.
Yeah, that's good to knowespecially a lot of small
businesses.
Speaker 1 (09:51):
It's all about just getting an idea of what the
client has going on.
I can best navigate which routethat I would think would be a
good route, or at least, andalso provide just other options
that they can maybe think aboutthat they didn't think about
before.
Speaker 3 (10:08):
That's good.
It's about education, right?
You're educating them on what'sthe best route to go there, and
that makes sense.
Yeah, Thank you for telling me.
What about if they want to?
What do you call it Like whenyou you have a loan already and
you want to see if you can get alower rate?
Speaker 1 (10:23):
What about that Do you guys help with that.
Speaker 3 (10:26):
What's that?
Speaker 1 (10:27):
You said like that sounds like a refinance.
Speaker 3 (10:29):
Yeah, that's what I'm talking about Refinance.
Speaker 1 (10:32):
Yes, that is a possibility for the asset that
they have going on.
Speaker 2 (10:36):
Yes, the only thing.
Speaker 1 (10:38):
The only thing that I will say we don't do, I would
say, is like a debtconsolidation on a space.
If they're looking for toconsolidate debt that is not a
space that I am in but if theircapital and business information
looks good to the lender, maybethey can get a loan that is
enough to consolidate all thatinto that one loan.
Speaker 3 (11:00):
That makes sense.
That makes sense and that'sgood to know, and that's why we
inform you on the best way to goabout this.
Let's talk about buildingwealth through strategic funding
.
How can business or real estatefunding be part of a long-term
wealth strategy?
Speaker 1 (11:15):
Great question Business funding.
Okay, let's start with that one.
If you I want to give anexample If you are, let's say, a
truck driver and you want tobuild your own business in that
aspect, if you're starting outand it's just you, you could, as
(11:35):
you continue to go along andstart building those
relationships and actuallygetting more income coming in,
you can then reach out to me andthen say, okay, I want to buy
another piece of asset, I canput a driver in it, and that's
called like the equipmentfinancing.
You get an equipment loan, youfinance another truck, you get a
driver in it.
Now you have two trucks, youand your other driver, and
that's a start.
Once you start building that upand you get to a space to where
(11:58):
now you can probably put someonein your truck and you have
another driver in your othertruck, but you want to continue
to expand, you can come back andsay I want another equipment
financing or equipment loan orworking capital.
You can pay for the expensesthat come along with gas and
different things and maintenanceand other things, just so you
can have that cushion.
(12:19):
While you're working with those, your new employees pretty much
continue to build there.
Once that happens you canactually look into maybe going
into the real estateno-transcript.
(12:46):
That'll be your brick andmortar location.
Not only are you having moretrucks coming in, but you also
have an asset in real estatethat can continue to build
wealth for you.
And you can also start theninvesting your company into
actual other assets in the realestate space where you want to
do long-term holds and startbuilding your wealth that way
that's awesome.
Speaker 3 (13:06):
Yeah, commercial drivers definitely listen to
this and get in touch with them.
We're precious because that isa great start.
A lot of people now get intothe commercial truck driving and
having that, having this, beinginformed of how you can
actually do that real estatewhich means that space that you
want you're building your truckdrivers that's a great way to
start.
Yeah, thank you, thank you forsharing that.
(13:27):
That's great Because I have acouple of truck drivers.
I actually did a podcast with acouple of truck drivers
Actually three truck drivers,not for me, exactly.
I got to introduce you all andthat's what I talk about
collaboration girl, how we cancollaborate with each other.
Let's talk about the budgetingprogram.
Okay, that's a financial gamechanger.
Speaker 1 (13:46):
Yes, it is.
It is In the Renatus program.
I learned about this conceptcalled velocity banking and that
was like I don't know, maybefive or six years ago, and as I
was learning about it, I waslike, man, this is something
(14:07):
right here, this is something,but at the time it's almost like
something you had to build outon an Excel spreadsheet, keep
going over it, and even thoughI'm very well versed in Excel, I
just didn't want to create thetime to create that spreadsheet.
Fast forward to now, I ended upmeeting a man connected with
United Financial Freedom, which,who built out a program
(14:30):
connected with United FinancialFreedom, which, who built out a
program, this budgeting programthat actually does what I
learned.
It's about accelerating yourdebt and what that means is,
obviously, if it's going to takeyou 30 years let's talk about
your mortgage If it's going totake you 30 years to pay off
that mortgage, if you put allyour information into the system
(14:50):
how much you make and all thatyou can potentially pay off your
debt in as little as five years, based on the step-by-step
guides that the program does andtells you what you need to do
to get there.
Not only is it easy, becausethe system's doing it for you.
It connects with all debts.
(15:10):
It's not just your mortgage,it's any debt that you have.
It's going to show you how toaccelerate it, pay the least
amount of money in interest andget debt free as soon as
possible.
You can live your life.
It's not about it's not aboutchanging your life.
It's about managing what yougot going on.
Your lifestyle can stay how youwant it to be that's awesome.
Speaker 3 (15:30):
That's good to know, because a lot of us are.
They're not thinking about that.
Like you said, it's forindividual and businesses, right
?
Speaker 1 (15:38):
yes, it is, it is and yeah, like you said, it's for
businesses as well.
If you're having a hard timemanaging on managing your income
and expenses in your businessbecause maybe you don't have an
excel spreadsheet that youconsistently can go to, maybe
you don't have an Excelspreadsheet that you
consistently can go to, or youdon't have a CPA, an accountant,
all those different things, andyou're managing that on your
own, you can put all yourbusiness information into the
(15:59):
system as well and it'll do thesame exact thing for your
business.
Think of it if you're a primarybusiness business going back to
the real estate is buying homes, buying homes.
And imagine if you have about10 homes in the program.
Imagine how fast you're payingthat off.
(16:19):
If you do it step-by-step onwhat it's showing you to do,
you're debt-free on all thoseproperties and all you got is
cash flow with no expensesexcept for the taxes and
different things.
But imagine that.
Speaker 3 (16:31):
That's awesome and that's called the.
What is it Renatus?
What is it called?
Speaker 1 (16:34):
No, this is a budgeting program that is
connected through UnitedFinancial Freedom.
It's different from Renatus.
Speaker 3 (16:41):
Okay, okay, that's great.
By you learning that, it's goodfor you to share it and educate
people on that.
Let's talk about that andactually about financial
literacy and empowerment.
Why do you believe financialliteracy is such a gap for
entrepreneurs and investors?
Speaker 1 (16:57):
I think of financial literacy as a gap for not only I
think it's a gap for everybody.
Yes, honestly, we didn't.
Schooling nowadays I know it'sa.
It's a fine line to where I cango with that, cause I can go
off the deep end.
But there's a fine line towhere I can go with that because
I can go off the deep end.
But there's a fine line thateducation system, and I feel
that we don't get taught how tomanage and be adults.
(17:20):
When we become adults and haveto manage our money, it's like
it's trial and error till wefigure it out and then some
really never really figure itout.
And then there's money,consumer mindsets and there's
many ads.
Just keep pushing and postingand showing you hey, buy this.
And some people are not able towithstand and manage that, even
though I know there's creditrepair options out there and
(17:41):
people that do that.
The program and what I believein is the program is designed to
help you become a bettermanager of your finances.
Help you become a bettermanager of your finances, not
just fixing the issue fromcredit repair even though, yes,
it needs to be fixed becauseyou've already messed up.
(18:02):
But let's get to a place towhere we can stay in a good
financial situation and not goback to making those same
mistakes that we've made becausewe didn't know, and we don't
have to have credit repair againafter we've done it.
That's the purpose of wantingto also bring the budgeting tool
to the forefront and provide itas an option to help us.
Speaker 3 (18:22):
That's great, and you help people to do that right.
Speaker 1 (18:25):
Yes, the program.
It's about learning the programand how it actually works and
how you can navigate it.
We have people on standby andeven I can help you navigate and
put your information in, and Ialso provide a free analysis
that can show you what yourpersonalized situation would
look like if you were to be inthe program, how long it'll show
you everything at the top, howlong it's going to take you to
(18:47):
get out of debt, how muchinterest you're saving.
Speaker 3 (18:49):
All of that that's awesome and that's why you're
called the informant.
I love that she's an informantbecause she informs you of what
you can do and she can educateyou on what you can do.
Precious, tell us how peoplecan get in touch with you.
Also, your social media handleand I'm going to have that in
the show notes as well.
Speaker 1 (19:09):
Okay sure, I obviously see this QR code right
up in here somewhere.
Show notes as well.
Okay sure.
I obviously see this QR coderight up in here somewhere.
I can't even get my finger.
But seeing that QR code has allmy information on it, even the
ability to schedule a countyinvite and connect with me.
But also on social media.
You can find me on Instagram atMiss Precious Miss Precious
A-J-O, which is middle initial,last initial and part of my next
(19:33):
letter in my last name, msPrecious AJL, as well as on
LinkedIn as well, ms PreciousAJL.
Speaker 3 (19:41):
Okay, great, this is going to.
They can see your QR code whenit's on YouTube and by being on
audio.
Speaker 2 (19:46):
we need to make sure?
Speaker 3 (19:48):
yeah, then we can make sure that they can connect
with you on that as well.
But I appreciate you coming onand this has been long awaiting.
I said we go back.
We did the webinar during thecovid area and now we're out of
the cold.
I don't know if we still out ofcovid area but it's just good
to see where the mask.
Yeah, it's just good to see howyou have advanced and I'm proud
of you to be able to do evenmore in educating people on what
(20:11):
you do.
As far as the funding and Iknow how you started with the
funding and the literacyempowerment that is really
important because now peopleneed to hear that, they need to
know how to do that.
But I truly appreciate youcoming on the Ready Set
Collaborate podcast Listenaudience.
What an insightful andempowering conversation with
(20:32):
Precious Johnson.
Her passion for educatingothers through we Inform
Consulting is truly making adifference.
If you're ready to take chargeof your business finances and
funding opportunities, be sureto connect with her episode.
Don't forget to share,subscribe and join us next time
on it sorry, my throat is gonna.
(20:53):
Ready set collaborate podcastwhere you will we uplift voices,
build connections and celebratecollaboration and action.
Keep shining and rememberknowledge is the power when we
share it.
Thank you much, precious, forjoining us and we're going to
see what you're up to.
We're going to have you back onthe show yes, I hope so.
Speaker 1 (21:11):
thank so.
Thank you, ms Wong.
Speaker 3 (21:13):
Oh, absolutely.
It's just been a pleasure,Always a pleasure.
You're informing us andeducating us there.
And remember this is PreciousJohnson, the informed lady, so
next time make sure yousubscribe, listen and share.
This is how our podcast is fullof educational insight with our
guests.
If you follow, you'll see everyepisode that comes on right
(21:36):
after this one.
Thanks again, Precious, weappreciate you.
Speaker 1 (21:39):
See you later.
It was a pleasure.
Bye everyone.
Speaker 2 (21:42):
Bye.
That wraps up another episodeof Ready Set.
Collaborate with Wanda Pearson.
I hope you found inspirationand valuable insights to help
you build meaningful connectionsand successful collaborations.
If you enjoyed today'sconversation, be sure to
subscribe, share and stay tunedfor more great discussions.
Until next time, keepcollaborating and making an
(22:04):
impact.
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