July 22, 2025 • 60 mins
The conversation takes a fascinating turn as Randolph reveals his "financial cheat code"—leveraging specific tax code provisions through properly structured life insurance policies. These vehicles allowed his money to grow tax-deferred, remain accessible tax-free when needed, and ultimately transfer to heirs tax-free. This strategy created the foundation that eventually gave him the confidence to leave corporate America after a chance encounter with a woman in her 50s who was earning $7,000 daily as an independent adjuster.
Perhaps most remarkable is Randolph's assertion that most people are just 5-10 years away from having retirement options—not to be "put out of use" but to gain the freedom to pursue meaningful work without financial constraints. "The best time to plant a tree was 20 years ago," he notes, "but the second best time is today."
Ready to transform your relationship with money and accelerate your path to financial freedom? Visit ShieldWolfStrong.com for a free unofficial business valuation or estate plan, and discover how your money can start making babies—multiplying itself while you maintain both growth and access to your wealth.
In this powerful conversation, Randolph shares how a life-changing encounter on a Southwest flight pushed him to quit his high-flying job at State Farm and embark on an entrepreneurial journey. Discover his “cheat codes” to wealth, including tax-advantaged strategies using life insurance policies (Internal Revenue Codes 72E, 7702, and 101A), and how he helps business owners, high-income professionals, and retirees build lasting wealth.
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From his early days as an “old soul” to mentoring the affluent in South Florida, Randolph’s story is a masterclass in financial literacy, identity, and living with purpose.
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In this episode, Randolph reveals:
- How a conversation with a 50+ independent adjuster making $7,000/day inspired him to leave his 9-to-5
- The tax-free wealth strategies the rich use to grow money
- Why he bought a house at 22 and avoided debt with smart car-buying hacks
- The importance of knowing your financial “GPS” to achieve freedom
- How anyone can retire in 5-10 years with the right mindset and plan
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Whether you’re stuck in a job you hate, dreaming of financial independence, or seeking to make your money “make babies,” Randolph’s insights will motivate you to rethink your relationship with money and take control of your future.
#FinancialFreedom #WealthBuilding #Entrepreneurship #MoneyMindset #RetireEarly #RandolphLove #JourneyFeedInProgress
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
I need to put down that idea that I have to work a
nine-to-five for somebody therest of my life.
The first time somebody calledme an old soul I was, I think,
four years old.
At the time I didn't know whatthat meant, but as I got older
that's really people's way ofsaying you seem wise.
She's doing exactly what shewants to do, earning a higher
income than I, and she canbarely walk and I'm working a
(00:25):
job that I can't stand, but Idon't have to that.
Soon as the plan landed I wenthome to drop off some things and
then I went and I put in my twoweeks notice.
That's how I started myentrepreneurial journey.
The differentiator for me wasin learning some internal
revenue codes Internal revenuecode 72E, internal revenue code
7702, and internal revenue code101A.
(00:48):
Before I got to the age of 32,was putting the majority of my
income into properly structuredlife insurance policies.
Speaker 2 (01:12):
All right, welcome to another edition, another
amazing edition of the JourneyFeed-In Podcast.
And I'm just, oh man, every,every today has just been one of
those days where I'm rushingaround, I'm on the phone, I'm
doing stuff and get it done, andI didn't have any podcast this
morning.
So usually sometimes in the dayI'll have one or two during the
(01:32):
day, and today was this, is thepodcast today.
I don't know that time whereyou just go, I get to hear
somebody else's story and whatsomebody else is doing in this
life to make this life better,not only for themselves but for
(01:52):
others.
Because when we talk aboutliving you know the journey to
freedom and living in purposeand doing all those things, I
don't know if we can do itwithout serving others, and I
don't think I've had maybe oneguest that says I don't want to
serve nobody, it's all about meand I'm going to take mine and
I've had one guest and I'm hereon this planet better.
I want to make it better forothers and I want to leave a
(02:27):
legacy, and that has kind ofbeen, you know, as I think of my
coaching and the things I do,where I help people become the
person they need to be in orderto do what God put them on this
earth to do.
It's just so fun.
And so today, as I was thinkingabout meeting with you,
randolph, I was just thinkingabout man, I cannot wait, it's
kind of like.
So I'm also a chaplain.
(02:47):
So I'm a chaplain at a rehabcenter and I tell all the
patients, when I go in there andI'm talking to them, I'm like I
hate to tell you this, but Ihave the best job in this
hospital because I can't fix you.
I can.
You know, I'm not going to pickup after you.
You know, if I need to push youin a wheelchair, I can do that,
but I'm here just to listen andlet you talk, and so that just
(03:12):
gives me so much joy to hearpeople's stories and then to
expand that into this journey tofreedom where we're talking
about.
What does that mean?
I know you, you know, uh, ralphtold me he's in Jacksonville,
florida, uh, and so I wastelling him that that's hot.
You know, and I don't know.
I was in Tampa and Clearwaterand Orlando and you know, uh,
(03:35):
fort Lauderdale sometime thisyear.
So, but I didn't go back toJacksonville, cause I don't know
, cause I've been there one time.
But it's the South and Iunderstand the South because I
took a group of men to Alabamaat the end of January and we
went on this civil rights tourand kind of just, this is our
(03:56):
roots, this is where you knowthings happen and I, you know,
before I did it last year Ihadn't spent much time in the
South and I didn't understandthe South and you know what it,
what it means to be part of it,and oh my gosh, it's been kind
of amazing.
The last.
I have another podcast calledLiving Boldly with Purpose, and
you know I had a couple ofgentlemen in the last few weeks
(04:17):
that are from that are fromBirmingham, alabama.
I even had a minister who cameon and I was kind of talking
about some of the things thatyou know we were learning when
we went to the tour ofBirmingham, or we walked over to
Pettus Bridge or we went to theEqual Justice Museum and you
know, just to see how segregatedAlabama still is, you know,
(04:38):
even in 2025.
And you know and he looked atme like he had no clue what I
was talking about I said youknow where Shuttleworth's home
was and you know where the wallis, where MLK and the 16th
Street you know, 16th Street,baptist Church and he literally
looked at me like, well, where'sthat?
What's that?
Speaker 1 (04:58):
Oblivious, oblivious.
Speaker 2 (05:01):
I mean, you live here .
He tells me that he's serving.
He says, well, we're servinglow income folks in the ministry
and you know he'd moved therelike four or five years ago or
something like that and he'sserving in the ministry.
And he said, so are you servingany black folks?
And he said, yeah, you know,because you know Birmingham's
like 85% black.
And I said, well, how do youserve this community and have no
(05:25):
clue?
It was amazing to me and sothat just kind of made my need
to continue this podcast andcontinue the journey to freedom.
You know thought process andgetting people there and you
know, when we went, we had 18folks of color and then we had
10 people that were white thatwere there.
And when we went, we had 18folks of color and then we had
(05:45):
10 people that were white thatwere there, and then mixing and
talking about racial issues andthat kind of stuff was just
phenomenal that we were able todo that.
But that's not why we're heretoday, because we're here today
to talk to Randolph today.
Oh, my gosh.
Like I said, I get excitedbecause I haven't talked all day
, right, so now I get to givethree minutes at the beginning,
(06:07):
but I can't wait to hear yourstory, like I do all my guests.
I can't wait to hear what makesyou you, what you know.
Sometimes we talk all aboutwhat we do.
People say, well, who are you?
And then we answer with well,I'm a banker or I'm a lawyer, or
I'm a dentist or I'm a doctor,like no, but who are you?
Well, we get the opportunity tohear his story first before we
(06:29):
find out all the crazy coolstuff that he does.
But who is he?
And so it's so fun, and so thefloor is yours.
Now I go ahead and startwherever you want in life, and
then we'll just chop it up afterthat.
But thank you so much for beingon and being willing to be part
of this podcast today.
Speaker 1 (06:46):
And you're definitely welcome.
And, speaking of Alabama, Iactually did some volunteer work
.
They have like a 4-H extensionprogram, and don't ask me what
4-H means, but if you're fromAlabama, you know 4-H, you know
extension.
I do some volunteer work outthere for the programs or senior
citizens and things of thatnature.
(07:06):
But who am I?
Uh, I'm still trying to figurethat out.
Right, they say.
They say know thyself, right?
Um, and it's one of thosethings to where I treat who I am
like a pair of clothes.
Uh, I understand that I cameinto this world and a lot of the
habits that I have, a lot ofthe customs that I adopted, were
(07:30):
exactly what that was.
I adopted it.
It's things that I did not havebefore I got here.
So every time, every year, as Icontinue to know myself if
there's something that I thoughtwas like that I held value to,
uh, since I was a child, becauseI adopted it as a child.
You know, I re-evaluate thingsand then I move on.
(07:54):
So one of the things that I hadadopted as a child was you're
supposed to work, uh, nine tofive, and you're supposed to
work until you're 60 plus yearsold.
Now I got to the age of 30 32 tobe exact and based off the
education I had by that time,I'm already a chartered
(08:15):
financial consultant.
I'm already a chartered lifeunderwriter.
I'm already a fellow lifemanagement institute.
I'm already a charteredproperty casualty underwriter,
like somebody told me.
They say you know, you havemore letters after your name
than in your name.
Right, so so.
But so by the age of 32, Ialready had all of these
professional designations and Ihad been working as a agent for
(08:40):
one of the most well-knowninsurance companies in the
nation, in the world, in fact.
So I look at my accounts and,based off of my definition of
success at that time, at the ageof 32, I could retire, meaning
I could stop.
What Robert Kiyosaki describes.
(09:01):
He says what's the definitionof wealth asaki describes.
He says what's the definitionof wealth?
He says the definition ofwealth is if you were to stop
working right now, how long canyou continue to live?
Yeah, with your preferredstandard of living, before you
have to go back to work again.
And at that time, the standardof living that I was accustomed
to, I had amassed my money in acertain, in a particular way, to
(09:26):
where I was wealthy, becausethe lifestyle that I prefer I
could live that theoreticallyfor the rest of my life.
So so I had that thought andthen the thought, just you know.
Then I started getting thoseconcerns where you're not
supposed to leave a good jobright.
(09:46):
You never know what's going tohappen, right?
So what I did was I was aboutto exit that position.
And what I did and just so youknow the position that I was
working was whenever the brickand mortar State Farm agents
that's the company that I workfor, state Farm.
Whenever the brick and mortarState farm agents that's the
company that I work for in statefarm Whenever the brick and
mortar state farm agents wouldclose at 5 pm Eastern, that's
(10:09):
when I would pick up the phonefrom 5 pm Eastern to early in
the morning from Florida toCalifornia.
At the time I was the topsalesman at the company doing
that position, right?
So so I'm like all right, I'mgoing to.
I got enough.
I need to put down that ideathat I have to work a nine to
(10:30):
five for somebody the rest of mylife.
I made my money.
It's time to leave.
Then I started having thoughts.
I took a trip.
I said you know what, let metake a quick trip to um, to
Miami.
I was, uh, I'm a, I'm aJacksonvilleville native, but I
was living in atlanta at thetime.
I said let me, let me take aquick weekend trip to, to miami,
to to clear my head right, andin this trip to miami, all the
(10:55):
fears crept.
Oh, all, right, I decided that.
You know what I do.
Meet Robert Kiyosaki'sdefinition of wealth?
I do, you know.
I have, you know, put down theidea that I have to work until I
(11:19):
die, but maybe this isn't thetime yet.
On the flight back, I was right,I was flying about southwest.
I don't know if you're familiarwith how southwest works, but
they don't assign seats.
Yeah, you get on the plane andif a seat is open, if you want
to sit there, you sit there,right, exactly.
(11:39):
Also, at the time, I was one ofthose people who didn't, I
didn't care to wait in the backwhile people exited the plane.
You know, I say at the time so,so now I don't care where I sit
on the plane, I just relax andsit down until we exit.
But at the time I needed to beone of the first people off the
plane, right?
So as soon as I came onto theSouthwest plane, in the very
(12:01):
front seat, there was a middleopen seat.
In the very front seat, therewas a middle open seat, and on
the seat in the window seat,let's just say we had two very,
uh, large dudes.
Well, one large woman, onelarge man, I was going to say
let's just say they didn't skiptoo many meals, it is what it is
.
But at that time I said youknow what I?
(12:22):
Hey, listen, listen, the seatis open.
Is this seat available?
And they looked at me like Iwas crazy.
And I sat right there in thatseat right Now, before we took
off.
Before we took off hey, it's Dr.
Speaker 2 (12:36):
B and let me ask you something just here real quick.
Are you tired of doing the samething over and over and not
getting the results you want?
Are you serious about makingsome changes this year that will
impact you in a huge way?
Maybe you're putting outcontent right now and it's not
turning into customers.
Or maybe you're uploadingvideos but you're not sure why
or how it's even gonna help.
You know, I've seen a lot ofpeople that are making a whole
(12:56):
bunch of cold calls to the wrongpeople and no one's answering.
No one wants to talk to you.
It might just be that you'rejust doing what you've been
doing and crossing your fingers,hoping it finally works this
year, but let me tell you what.
That is not a strategy and itwill continue not to work.
That's why I created thepodcasting challenge and it's
coming up fast.
(13:16):
In just a few days, I'm going towalk you through the mindset,
the tool set and the skill setyou need to create a powerful
podcast.
That's right, a podcast.
You won't believe what apodcast can do, one that builds
real value and creates newclients.
And if you grab a VIP ticket,you'll get to join me for a
daily Zoom Q&A sessions whereI'll personally answer your
(13:37):
questions and help you tailoreverything to your goals.
This is your moment.
This is your year.
Go to thepodcastingchallengecomright now and save your seat.
The link is in the show notesand the description.
Thank you for watching thesepodcasts.
Now let's get back to theconversation.
Speaker 1 (13:55):
The lady next to me and it must've been her that
initiated the conversation,because me I usually don't
initiate conversations if I'm ona plane until after we, you
know, got served, like if oncethe drinks and the food are
coming, then I might initiate alittle conversation, but usually
not before takeoff.
But before takeoff she and Iwas engaged in a good
(14:18):
conversation.
Cool.
Now, this lady had to be atleast 30 years older than me.
Keep it Well, at least 2025.
Keep in mind I'm 32 at the time, so she has to be 50 plus years
old.
This lady tells me that she hasbeen working as an independent
adjuster for the past sevenweeks and she's been making
(14:41):
$7,000 a day A day.
Yeah, seven days a week, oh, mygosh, for the past seven weeks
just doing independent adjust towork like something that's out
in the field, something that'snot bogged down, right.
And then she told me that andI'm like, hold on.
(15:01):
So I, you know, of course Imake good money, but I didn't, I
don't make that much in sevenweeks, right, when the plane
took off and landed because bythe time I got to the plane she
was already sitting down, thelady got up and she could barely
walk.
So I'm saying, hold up, she'sdoing exactly what she wants to
(15:24):
do, she's earning a higherincome than I and she can barely
walk and I'm working a job thatI can't stand, but I don't have
to that.
Soon as the plan landed, I wenthome to drop off some things
and then I went and I put in mytwo weeks notice.
Speaker 2 (15:43):
Really, oh my gosh.
Speaker 1 (15:45):
So that's how I started my entrepreneurial
journey.
It went from all right, I havethe option to retire the
standard corporate nine to fivesetup and I can go ahead and
start helping people, servicingpeople, like you said, because
it's all about the more you give, the more you received.
Yeah, Wow.
Speaker 2 (16:07):
So let's fast forward now.
I mean so?
So you've now become anentrepreneur.
You've decided, hey, I'mleaving this now.
I guess, before you jump intothe rest of your story, did you
think that your lifestyle wasgoing to change, Because that's
where you know you come intolike, for the lifestyle that I'm
living, this is enough toretire.
(16:28):
But did you think that youwould increase, like a bigger
house or nicer cars or anymaterial things or a family or
all these things that nowincrease the need for income?
Was that in part of yourthought process?
I need more because I want toincrease my lifestyle?
Or you were just like, hey, mylifestyle is cool for the rest
of my life, but I still want todo more.
Speaker 1 (16:51):
Before you jump in, kind of go through that a little
bit so it's one of those thingsto where, um you, you, you
don't know what you don't know,like, the more you know, the
more you know, the more youdon't know.
Like I said, all this ishappening at 32, but I bought my
first house at 22.
Speaker 2 (17:11):
OK, so I don't know.
Speaker 1 (17:12):
Yeah.
So I don't know what the youknow, different parts of the
country, different peopledevelop it, you know.
You know different things, butwhere I was from 22,.
That was outrageous.
Speaker 2 (17:34):
That's insane that somebody could do that and have
you know.
It's usually you know, unlessyou have parents or somebody who
is giving you down payments andthey've been teaching your
whole life and I'm kind ofthinking while I'm watching you
that that wasn't the case, wherethey're like, hey, your whole
life, we're talking about moneyand we're going to make sure you
got your first house to be ableto get going.
Speaker 1 (17:44):
You know well.
Well, they have been teachingme my whole life.
But it's it's about you canlearn from anybody and one of
the things about the people thatI service.
The people that I service aretypically the people who are the
(18:06):
first in their family to startearning over $100,000 a year.
And, to your point, my familytaught me and they taught me
what they knew about money.
But once you become the personin your family, the first one to
make over one hundred thousanddollars a year, that mother,
father, uncle, auntie,grandmother, grandfather that
used to always give you the bestadvice when it comes to money,
despite their best efforts,typically whatever they tell you
(18:27):
is the worst advice.
Speaker 2 (18:28):
Yeah, they don't know .
They know what it means to have$40,000 to keep it and to
maintain and to just be able tolive life, because most of the
time they're living paycheck topaycheck, trying to figure it
out.
Now you're making $100K whereyou're not paycheck to paycheck
anymore.
I got a lot of money to be ableto save.
(18:48):
I have money to be able toinvest all those different
things that you're able to do.
That is no longer.
You know something you can do.
So that's you know.
Yeah, keep going.
Speaker 1 (19:00):
So to your point per what I thought, if I live the
lifestyle that I was brought upunder at the time, that's all I
was going to do, and that lastedmaybe two, three months, maybe
two, three months.
So so you can only sit on abeach for so long.
(19:21):
You can only sit on a beach on aTuesday for so long, right?
So what ended up happening wasall right.
I said all right, well, I soldthe promise for all these years.
Now I need to protect thepromise.
So I went ahead and got myindependent adjusters license.
I had my own company as anindependent adjuster.
(19:42):
Now here's what clicked in mybrain.
The territory that I wasworking was South Florida.
South Florida has some of themost, and I was in.
I forget the exact area, butit's the one of the worst
affluent areas in South Florida,and that's when my mind was
blown.
What I thought was normalWasn't so well.
(20:07):
Maybe it was normal, but itlooks like I prefer to be
abnormal.
Speaker 2 (20:13):
Right.
Speaker 1 (20:14):
So, so, so, as I'm looking at all of these
possibilities, increasing mynetwork, that's when I started I
went from insurance adjustingto insurance appraisals, then
insurance appraisals, the publicinsurance adjusting, then
public insurance adjusting toexpert witness work.
And when I looked at mytrajectory, the reason why I was
(20:36):
able to take these risks and dothese things, that drastically
increased my income and eventhough I already had enough
money in my cachet to live whatI thought was my preferred
standard of life with the skillsets, I was shooting past that.
Now, once I started talking tomy colleagues and they're like
(20:57):
man, how did you do this?
It's because I had the options.
And then, when I had thoseconversations with them, I
figured out that they didn'thave the options.
I thought everybody had theoptions and the liquidity to
just stop doing something theydid not like and do something
else.
Once I realized my family,friends and colleagues did not
(21:19):
have their money situated theway that I learned how to
situate it with my charteredfinancial consultant curriculum,
with my chartered lifeunderwriter curriculum.
Once I learned that, that'swhen I said all right, that's
how I'm going to serve mycommunity, I'm going to solve
the problem and I'm going tobridge the gap between the
financial literacy of thewealthy and the people who are
(21:41):
quote unquote middle class.
Because I grew up in a timewhere you said I don't know
where you're from, but where Igrew up, oh yeah, I'm middle
class and people they say itreal proud, and I'm not saying
there's nothing to be ashamed of, but I don't think there's
nothing to yell from the top ofthe roofs as well.
Speaker 2 (21:59):
Yeah, no, those are the folks that were able to move
up from the ghettos, or move up, you know, because I remember
when I was teaching, when Ifirst started teaching high
school.
Remember when I was teaching,when I first started teaching
high school, and there was acommunity that was built way far
.
So I'm in Los Angeles area andso there's a city called Moreno
Valley that is a hundred milesfrom LA, almost a hundred miles,
(22:21):
80, 90 miles from LA, and arefrom Compton and Inglewood and
the communities that we thinkyou know as as typically being
socioeconomically disadvantaged,you know, at the time.
And so these families had movedout to Moreno Valley because
they could afford to buy a house, they could afford to get their
house, and so now they're proud, Like you said, we're middle
(22:44):
class, we've moved up fromCompton, we've moved up from
Englewood.
The problem was is a lot oftheir jobs were still in LA, so
they would drive that 60, 70miles every day to go to work,
with LA traffic, you know, anhour, hour and a half to work,
hour and hour and a half to back, three hours a day on the road
and then realize that theirlifestyle, that they thought
(23:07):
meant middle class, but theydidn't tell their kids that they
hated it.
They were just telling theirkids we're giving you a better
life, right?
Speaker 1 (23:15):
And that's a part of it, the traditional way of
thinking.
Not only do most peoplediscover because you know they
like to call it, you know,sometimes people describe it as
a middle age crisis.
Really, it's just peoplefinally realizing all this stuff
that I've been told was was,was a lie, right, but, but?
But what happens is a lot ofpeople, a lot of parents, are so
(23:37):
proud, too much pride to wherethey don't even want to say the
stuff that I did.
Maybe I should have did itdifferent.
So now the kids are growing upunder that.
All right, I need to do uhstuff like that.
It seemed like the right reason.
But once you, once youcalculate the gas, once you
calculate the hours, you, it,you, your margin is dropping for
(24:01):
this, uh, perceived dream ofthe middle class.
I once again, it's nothingwrong you, somebody deciding
that that's the station in theirlife that they want to be.
But if you ever say I prefernot to be in this station, there
are ways to get to that otherstation, yeah, man, that's, that
is so cool.
Speaker 2 (24:22):
So you end up as in what you call an expert.
Expert witness Does that meanyou're like in courthouse.
What was the expert witness?
Speaker 1 (24:33):
where I'm from, they would call me a professional
snitch, right?
But no, no, but basically theway it works is uh, whenever,
whenever there was a um like aninsurance claim right, insurance
claims are ambiguous uh, somesomebody might say it costs ten
thousand to fix, somebody elsemight say it costs a hundred
(24:54):
thousand to fix.
Whenever there was a, aconflict and you couldn't agree
on the, what it would cost inorder to fix this damage that
was caused by a claim that wasinsured.
Uh, first it would have theunderwriters, then it would have
the attorneys.
Once attorneys get involved,they don't want.
(25:14):
Attorneys don't like to beembarrassed.
Yeah, right so what they do isthey don't just rely on the data
that they got.
They go ahead and send outsomebody that they know like and
trust to go ahead and put feeton there.
Now, you, you very rarely youwill see an attorney get out
there with their $1,000 loafersand walk a loss right.
(25:36):
For the most part, they haveexpert witnesses, uh, uh, people
who know the field go out there, capture the images, ask the
right questions, do the righttests, and then that allows them
to get those documents and readthrough it and make a decision
on how they should move with theclaim.
And if they decide to moveforward with the claim, they
(25:59):
typically ultimately use thatdocumentation to win.
So that's what I would do.
Ok, gotcha.
Speaker 2 (26:04):
So are you still doing that?
What is now life turned intosince you were doing that?
Or is it Talk to me a littlebit?
Speaker 1 (26:12):
So I consult now a lot of the same attorneys that I
did expert witness for Nowthey're my clients.
The same public adjusters thatI educated Now they're my
clients.
What I do is I want because youknow, even though you're in the
industry, a lot of attorneysmake a lot of money, right.
(26:32):
A lot of insuranceprofessionals make a lot of
money.
There are a lot of industriesthat make a lot of money.
What I do is I show people howto make their money, make babies
okay, it's the way I say.
I say if you can impregnate ahundred dollar bill, would you
not, of course, and usuallypeople say absolutely all night
long.
So I just show people like, yes, you're getting a lot of money,
(26:54):
but this is how the wealthytake this, this what I call a
big shovel, and make your money,make money for you.
Money is called currency for areason.
Just like a current, it's meantto keep moving.
I show them how to keep itmoving in the most effective way
possible, how to keep it liquid, how to keep it safe, how to
(27:15):
have it keep getting good ratesof return and how to have it be
in tax advantage, because if youput it in a typical savings
account.
Yes, it's liquid, you can getto it within one to three days.
Yes, it's safe, but it'searning less than one percent.
An average rate of inflation istwo to three days.
Yes, it's safe, but it'searning less than 1%, and
average rate of inflation is twoto 3%.
So every year, your money isworth less and less and less.
(27:37):
Your buying power goes lowerand lower and lower.
I educate people, uh, and I andcause I know one of your big
things is identity.
One of the first things that wehave to do when you're working
with us is we have to identify.
So a GPS, a global positioningsystem.
I ask a lot of people when Ifirst work with them.
(27:59):
I say what's the first, mostimportant piece of information
that the GPS needs in order toget you where you're trying to
go?
Speaker 2 (28:07):
And what?
Speaker 1 (28:08):
they say is put in the address right.
Speaker 2 (28:11):
That's what they typically say Is this where
you're at?
And I say no.
Speaker 1 (28:15):
The GPS uses triangulation.
It first needs to know whereyou're at.
Where you're at, of course,yeah, identity is so important
to me and that's one of the waysthat I connect with you,
because until you can admit andidentify where you're currently
at, you'll never be able to goanywhere else.
Speaker 2 (28:36):
No, and I think that's the biggest thing with
money, that people they thinkthey're at a whole different
spot or they think theyunderstand or they have no idea,
and then it's hard to getbecause they just have these.
I guess the relationship withmoney you know, and that's what
I found, I know when you knowhow I've heard it, you know
talked about or uses like a poolof money is not to be viewed
(28:57):
upon like a lake, would be right.
You need to have inlets and youneed to have outlets because it
has, like you just said,circulate.
If it's a pool of money, thenit just gets lower and lower and
lower all the time becausethere's nothing that's moving
throughout and so, oh my gosh,that's good.
So when we talk about identity,let's just jump back a little
bit.
(29:18):
What did you think in yourchildhood or your young
adulthood?
Because now you have a house at22.
So you now have been able to bethe person who can own a house
at 22.
So, in order to do that, whatwas your identity?
Because most kids who are 18and they graduate high school,
(29:38):
the last thing they're thinkingabout is home ownership.
They don't have that identity.
That's going to.
I didn't have that identity at22.
My first house wasn't until Iwas 28,.
I think you know that I couldhave said, oh, this is important
.
Now, my parents, they had ahouse right, and I don't know
how old my dad was when he got.
You know, I don't at this pointI should probably ask him how
old were you when you got yourfirst house?
(29:59):
But my identity wasn't there.
So what made you, thisgo-getter person that can make
income, that knew, hey, a houseis a great investment, I should
get into it, I should buy it,because I doubt you've moved
into the nicest house in theentire neighborhood when you
(30:19):
were 22,.
Because you kind of know I gotto step up.
I mean, walk me through that alittle bit.
Speaker 1 (30:25):
So it's one of those nurture versus nature things,
right.
So, uh, nature wise, you know.
Sometimes you know you're justborn with it, right.
Uh, one of my mentors, dougandrew, says uh, uh, all of your
kids are born factory installed.
Right, you can have threechildren and you can raise them
the exact same way.
(30:46):
They're going to do whateverthey do based off that factory
installing.
That came with them, you know,sometimes despite your best
efforts.
So, uh, when the first timesomebody called me an old soul,
uh, I was, I think, four yearsold.
Uh, in jacksonville they hadthis program where they would
take the elementary schoolstudents to visit the nursing
(31:08):
home residents.
So it's like the youngest of usmeeting the oldest of us.
And I remember I had to beabout four years old.
I remember the people theretalking about uh, you got an old
soul right, and at the time Ididn't know what that meant.
But as I got older, that'sreally people's way of saying
you sound, you seem wise, or yousound wise.
(31:29):
So I've always had that.
But outside of that, I would sayat the age of seven and people
don't I told people this storyand they don't believe me, but
it's definitely true at the ageof seven, my granddaddy had me
out cutting a yard and this yardhad to be half an acre.
So I'm seven years old, I canbarely reach over the uh, the
(31:52):
rails, but I'm cutting this yardand to me it's normal and to
him he's from the country, he,uh, he's.
He's 92 years old now.
Uh, to him that was normal toowhat my granddaddy made.
So he watched me cut this yard.
This is my first time cuttingthis yard half an acre.
I get finished and you know how, when you.
(32:14):
I don't know if you ever used apush lawn mower, but you know
you got to be a little bit older.
Speaker 2 (32:19):
Yeah, the wheelhouse.
You know how the wheel goesthrough?
Speaker 1 (32:22):
Yeah, he let me cut that whole yard without telling
you that and then I had to goand then after I finished, I had
to go back and cut, cut it theright way and it was.
It was that thing of measuringtwice, cutting once.
So outside of that old soulthat I just had factory
(32:43):
installed is lessons that I gotfrom my grandfather that, like
that, made made me think allright, what are you, what are?
What do I have to have?
I have to have food, I have tohave a place to stay.
All right, great Uh is it.
Should I stay in a place whereI'm paying rent and the rent is
just going to keep increasingevery month, or should I?
(33:04):
Should I lock in a fixed ratefor the next 30 years?
I think I will have the mostoptions if I lock in a fixed
rate for the next 30 years.
So that's how I got to that,that stage at 22 man, you are
one.
Speaker 2 (33:20):
You like Mensa, aren't you?
You like?
You're on that genius level.
I can tell already well, Ithink.
Speaker 1 (33:26):
well, you, everybody's a genius man.
Everybody has their, theirgenius, but yeah, when it comes
to figuring out how to situatemy food and my living for the
rest of my life, I am a genius.
Speaker 2 (33:39):
So when we think about living above your means,
below your means, stretchingthat kind of stuff, your means
stretching that kind of stuff,it sounds like you figured out a
formula or a way that people oryou have been able to live
below your means and continue toinvest.
Is that something that hascontinued through your whole
life or was it now?
(34:00):
I mean, I obviously I don'tthink you live above your means
right now.
But what?
How did you get that?
Because in our culture, as youknow, we are spenders, we are
consumers, we are the have.
Then we try to do and thenbecome the person, and it seems
like you became, you did andthen you got to have.
What kind of thought processwent through this whole process
(34:22):
of okay, wait a minute, Ishouldn't spend.
This is I bought the house thatI knew I could afford and still
have money to eat, you know,and still have money, but you
didn't go buy the rentalfurniture to live in the house.
I'm assuming you know, causeI'm just having a conversation.
I can tell you didn't go buythe you know, the rental or
(34:44):
whatever it is.
Speaker 1 (34:45):
I bought my own, got my own furniture.
So for me, the differentiatorfor me was in learning some very
important internal revenuecodes Internal revenue code 72E,
internal revenue code 7702 andinternal revenue code 101A.
(35:05):
Internal Revenue Code 101A.
Internal Revenue Code 72E saysas long as it's considered a
life insurance policy, whateveryou have in it grows tax
deferred.
Internal Revenue Code 7702 saysas long as it's considered a
life insurance policy and youaccess it correctly, you get
access to this money tax-freeand it's not considered income.
(35:26):
And Internal Revenue Code 101Asays as long as it's considered
a life insurance policy,whatever you have left blossoms
to a larger number and passes toyour heirs tax-free.
So what I started doing beforeI got to the age of 32 was
putting the majority of myincome into properly structured
(35:47):
life insurance policies, andwhat ended up happening was I
still was able to spend because,uh, when you, when you
structure a policy the right wayand it's with the right product
, you can put money in and stillbe able to access money to live
right now.
So I'm still out hanging withmy friends, I'm still going to
(36:11):
the events, but they're onlyable to spend their money once
because I access the money frommy policy.
The right way is still growinginterest in a tax deferred uh
vehicle.
So, so that's, that was thedifferentiator of of what I did.
Uh, leading up from that, youknow, all right, I got my uh
(36:34):
living, I got a fixed mortgageset.
Uh, all right, uh, I, I, Ifigured out, okay, I pay this
much a month.
Uh, the cost of everythingdoubles approximately every 14
to 15 years.
Okay, so if the money of it so,so I'm doing the math of
everything doubles approximatelyevery 14 to 15 years.
Okay, so if the money of it?
So, so I'm doing the math ofall right, 14 years from now,
all right, my, my normalstandard of living is 60 grand.
(36:56):
That I that I prefer, like that.
That just keeps me just feelinggood, all right.
So if, if it's 60 now, 14 yearsfrom now it's going to be 120.
And then 14 years from now it'sgoing to be 240.
Speaker 2 (37:12):
So it's really just learning the statistics, doing
the math and then putting it ina vehicle to where I can use it
today but it's still growing fortomorrow, yeah, and it's so
cool that you were able to learnthat because you did this when
the life insurance portion of itwas so inexpensive, because for
a 22-year-old, whatever amountof life insurance you're
(37:32):
purchasing is super cheap.
And that same thing.
If somebody tried to start thatin their 60s, it's going to be
eaten up by the amount ofpremium that costs, right, I
mean, unless you just have awhole bunch of money.
So I love that, the fact thatyou were able to do that.
Now, when I think about the thedifferent things that you were
doing, like you're saying mylifestyle, you weren't driving
(37:54):
around a Beamer at 22, like allthe 22 year olds are like, right
, you just drive around a car.
That you know.
Were you making payments on thecar?
Were you, you know?
Was you buying the cash?
What was how?
How was your thought process onthat kind of stuff?
On debt, you know, was youbuying the cash?
What was?
How was your thought process on?
Speaker 1 (38:09):
that kind of stuff on debt.
It wasn't until recently.
I'm thirty nine years old.
Thirty seven was the first carnote I ever had.
Up until then, every car Ialways bought cash, ok.
So so to answer your question,that's how I treated a car.
A car for me was a item thatdepreciated.
(38:49):
I didn't need to utilize it todo.
I used to go to the um, therental car companies like hertz
or enterprise, and so hertz andenterprise, they take perfect
care of their vehicles, like oilchange on time, uh, all the all
the everything yeah, everything, and they would put their cars
for sale at 20, uh, 20,000 miles.
(39:12):
So what happened?
I would go every every otheryear.
I would go to Hertz.
I would buy a car for about 15grand and the market value was,
uh, at least 10, 15 grand more,but they were selling it because
they needed to get the new carsin.
So that was my process Go tothe rental car company, buy a
(39:32):
car cash, sell the old one andthen drive that one for the next
couple of years.
Speaker 2 (39:38):
It's so smart because when I was in my twenties I
worked for enterprise, right,and it still didn't dawn on me
we were selling cars.
Oh, I should go buy my cars.
Or even though I was sellingthe cars, I mean hello, and you
would get great.
Speaker 1 (39:51):
The rental car companies gave the best prices
and you didn't have to worryabout buying a lemon.
For the most part, yeah.
Speaker 2 (39:57):
Oh my God.
Well, yeah, not at all, because, like you said, every
maintenance was done, every oilchange was done At 20,000 miles.
The car is just getting brokenin.
It's going to be a good car foryou.
I think the biggest issue thatpeople have or have had is when
we think of credit and we thinkof, you know, having the
(40:19):
liquidity of having money to beable to say I got 15 grand
Because even if you sold it for10, you still need that extra
five that's sitting in the bankto go ahead and pay the 15 grand
, to pay it off right, and whatI see where folks, if they're
living up to their means, thereis a five grand in the bank,
right, that can pay for thatextra card.
(40:40):
There's, like you know, $1,000in the bank you wonder about,
like the payday places you knowit's you worry about like the
payday places.
Speaker 1 (40:48):
Most people don't got a thousand.
I mean, they've done a poll.
What 60% of people don't have$1,000 in their accounts?
Yeah, that's six out of 10.
Speaker 2 (40:58):
When you say that you know 60 is like a big number,
you drop it down to like if youwalk down the street, six out of
10 people do not have $1,000that they could access to take
care of an emergency, to takecare of family, buy something
that they really need if theircar breaks, can't get it to the
shop.
Speaker 1 (41:27):
They're living on this revolving credit thing that
just stops them from being ableto achieve, and that is another
one of the cheat codes that Iused.
Um, so one of the cheat codesthat I'll use was when I was
coming up, because I knew thatemergencies happen and then all
it takes is one emergency tothrow you completely off your
game.
I always made sure I had atleast a thousand dollars that I
(41:49):
did not touch because when that,when that unforeseen emergency
would happen, like a tire blowsout or something like that, I
could quickly go to that athousand fit because I thought
most, most emergencies are fitsby a thousand dollars.
Speaker 2 (42:06):
well, you, I don't know.
Speaker 1 (42:08):
It's a lot of inflation now, but most
emergencies used to be fixed by$1,000.
Back then I never would get offtrack because when something
unforeseen would happen, Ialways had a tank of money to
pull from.
Because I knew that statistic.
I knew that most people didn'thave that much, so I just made
(42:30):
sure I had that much and then,you know, just kept on moving
and then my cash just keptgrowing.
Speaker 2 (42:35):
Yeah Well and then, if emergency happening, I bet
you replaced it.
Speaker 1 (42:40):
Oh yeah.
Speaker 2 (42:41):
Right, it wasn't like oh OK, one emergency now, oh, I
used it, and then, like a yearlater, another one happens.
Oops, I didn't put no moneyback in there again, right?
Speaker 1 (42:50):
and you just made me think uh, you're going,
depending on who you are, you'regoing to actually have to write
your definition of what anemergency is, because you know
as soon as you want that money,all of a sudden, a trip to
cancun is an emergency my boysare gone, I gotta go with them's
exactly.
Did you do?
Make sure it's a real emergencyand make sure you replenish it
(43:12):
after you use it?
Speaker 2 (43:13):
Did you ever use like the envelope system where you
had like money for this thinghere and then money for this
thing here, or do you just kindof said, okay, I got my
investment money, I'm going tokind of live off of that and
then I have emergency set aside,cause I know some people, when
I was starting to learn aboutmoney and how it worked, is I
would have different envelopes.
You know, this is back in theday when everything wasn't
(43:33):
swiped and you actually got tosee money and there was
something about if I put thisfive hundred dollars in for
entertainment, you know into myenvelope that when I'm going to
the movies or whatever, you know, maybe it was thirty dollars or
forty dollars during that timewhen I want to give that money,
it kind of hurt a little bit.
Do I really need this?
(43:54):
Is this movie really going tobe good?
Baby, you don't need thatpopcorn.
Let's get the smaller one,because you don't want to give
up that money, right?
Did you ever do anything?
Speaker 1 (44:04):
I'm familiar with the envelope system and it's very
effective.
My envelope system was digital,though, because I had multiple
life insurance policies.
What I would do is each policyhad its own function, or it
still do to this day has its ownfunction.
All right, I put money in here.
(44:25):
This is the entertainment lifeinsurance.
This is the help out family andfriends life insurance.
This is the travel lifeinsurance.
So if I did not have theavailable cash value in that
particular category, then Ididn't do it.
If I, if there was no availablecash value in the travel, then
(44:45):
there's no travel into theirears.
So, yes, I had an envelopesystem, but it was more so
digital and each was a lifepolicy.
Speaker 2 (44:56):
What would you say to people who I know we're talking
a lot about money who strugglewith the ATIN card?
Because I have a granddaughterright and she wants me to go buy
stuff and she's like I'm like,well, we don't have money for
that today and she's like, well,use the card, but I think I
mean that makes sense for afive-year-old or a six-year-old
right.
But I hear adults thinking thesame thing, like they're trying
(45:19):
to stick their card into amachine and it's saying declined
, and they're trying to figureout why it's declined, like they
don't know they don't have anymoney.
How do you like, when you'reeducating and teaching people,
you know, how do you help themunderstand that?
I know it's digital but thatdoesn't mean there's money.
(45:40):
And I guess people used towrite on my age.
They used to write checks whenthey know they didn't have no
money in it.
You know.
Speaker 1 (45:45):
Oh yeah, I see in checks that in it you know.
Oh yeah, see in chess that was.
You know I like I hang aroundwith a lot of older people
checks.
That was a.
That was a.
That was the uh old schoolpayday loan, right, you write a
check even if you, even if youknew the money wasn't in there,
because you knew the checkwasn't gonna make it to your
bank for about three days.
So that was a.
I think that was the firstpayday loan, right?
Uh, you write, you write thegrocery store check and then,
(46:07):
even though there's no money inthere, they'll get to it.
So, to answer your initialquestion, it's really like an
addiction man and just like anyaddiction.
Let's say, if it was drugs, youcan't help a drug addict until
they're ready to be helped.
Drug addict, until they'reready to be helped.
(46:31):
You can't help somebody that'saddicted to swiping their card
until they're ready to be helped.
Uh, because, uh, once againit's.
It's almost like insultingsomebody's religion or political
beliefs.
Once you start telling peoplehow to treat their money, you
get unsolicited, you get disdain, you get you know it's all
(46:55):
types of energy, negative thatcomes.
It has to be wanted.
So it's all about the educationfirst.
So the way that I help is Ieducate.
I just change the way thatpeople see things.
I help is I educate.
I just change the way thatpeople see things and cause
usually, uh, and and my wind,our window is getting shorter
now, right, but when I firststarted on this side, uh, of
(47:18):
what I do, from the day that Imet somebody to the day that we
actually did business used totake approximately 18 to 24
months Really A long saleswindow.
Speaker 2 (47:30):
Oh my gosh, that is a long cycle, but I can imagine.
Speaker 1 (47:34):
But I'm overcoming decades, of course, of course,
of wrong thoughts.
As it relates to money.
The cycle is getting a lotshorter now, but back then it
used to take forever.
It's a lot of education.
A lot shorter now, okay, butback then it used to take
forever.
It's a lot of education, well,a lot of falling down and a lot
of getting back up and I cantell you.
Speaker 2 (47:54):
so, remember, I told you I was a high school teacher
and back then and I don't knowif it's any different now but we
got paid once a month and Istarted having my family.
So I had my first, my son, youknow oldest, when I was 24.
And so we were barely making itat first and that's when, like,
costco opened up so we decidedyou know, in that time we have
(48:15):
three kids now, so we're goingto Costco.
I can remember taking it's kindof embarrassing to say this now
, but I would take checksbecause we were getting paid on
the 31st of the month and at the22nd of the month we out of
food.
So I would take the checks andI would put goals in the number
at the bottom of the check,because when it went through the
reader they would have to typeit in manually, and so that
(48:36):
would give me an extra four orfive days in order to for the
check to go through, and so thatI mean that that was my mindset
, because I didn't know that Icould do all this, that that
wasn't part of the process of myparents.
You know my parents grew upreally poor.
You know my mom can tell meabout times they were picking
cotton on the farm in California.
(48:57):
You know, just to you know,that Christmas tree was a
tumbleweed.
You know my dad lived next toan orphanage in Kansas City
where he said like when thetruck came in with clothes and
shoes they were right in there.
Even though they live next door, they were right in there
getting their clothes and shoesat the same time and so we
didn't talk a lot about moneywhen we were growing up.
(49:18):
we didn't talk about thosethings and I mean it was so
proud of them for now that theywere able to get a house and
that kind of stuff.
And you might even get yelled atif, as a kid, you tried to talk
about money.
Oh gosh, oh yeah, it was justcrazy.
And then I go to college andsomebody's offering me a credit
card, and I didn't know what acredit card was.
I'm on a track scholarship atthe school.
(49:41):
They have these lines of tables, you know, and Sears gave me a
credit card.
Well, I didn't know.
I thought it was like myscholarship where, you know, if
I had to take a loan out, I'dpay it when I got done with
school.
And, like, I went and bought awhole bunch of stuff for my dorm
room with the credit cardbecause they gave me like $300
credit.
And you know I get back.
You know they send me a bill atthe end of the next month.
(50:02):
I'm like what am I supposed todo this?
I don't have a job.
I'm like.
I'm like why are you giving mea credit card when I don't have
a job?
And now I'm thinking thementality of our systems, that's
how they're built, right, theywant to keep us in that debt and
so, oh yeah, it's, it's.
Speaker 1 (50:21):
it's a different way of looking at it.
All right, am I going to givethis?
I'm used to not giving thesepeople money at all.
All right, so now I have togive them money?
All right, let me.
Okay, if I have to give themmoney, let me raise the cost of
(50:42):
everything so dramatically thatit's as if I'm not giving them
any money.
So I so I have a lot ofconversations with a lot of, you
know, students like now they'readults now, but I know that
they attended certain schools,right, you know my, you know
HBCUs and and different thingsthat that are geared toward, uh,
(51:05):
our community.
And when I, when I asked thembecause, and keep in mind, I
grew up low income uh, now I'mwhere I'm at now, I got friends
of all social economic levels,so I know the value of certain
things and what other people arepaying.
I'm speaking to them and, ofcourse, they have a lot of them
(51:25):
have bachelor's degrees and, toyour point, these people with
just standard and when I saystandard bachelor's degree, it
can be, I'm not, I'm not talkingabout no specialty, but just
like a standard bachelor'sdegree with over $200,000 in
debt, wow, wow.
And I'm like how did thathappen?
(51:47):
And it's just like you justdescribed.
First off, you couldn't nobodytalk to you about money, and if
you brought up money, you gotyelled at, you got shame, it was
almost blasphemy.
And then you get to.
So now nobody educated you on itand now people are just giving
you money.
Oh, you need.
Here's some extra money foryour dorm.
(52:09):
Here's some extra money forthis.
Here's some extra money foryour dorm.
Here's some extra money forthis.
Here's some extra money forthat.
Here's some extra.
And what happens is now youknow, figuratively not literally
might as well be, butfiguratively now you're working
for nothing because everythingthat you uh bring, that you
bring in, is going out.
(52:29):
And what's the only debt that abankruptcy can't get rid of?
Loans, yep.
So all of the money, as theysay.
Oh my gosh.
Speaker 2 (52:40):
Wow, this is so good.
Now I have to.
I'm going to just turn thetable a little bit because this
has been a great conversationand I'm going to find out if we
can get you back on.
But when I talk about identityand I'm going to find out if we
can get you back on but when Italk about identity, you know
I'm looking at your backgroundand I'm seeing Eddie Murphy and
Holly Berry 40 years ago.
Right, this is before you wereborn, because I remember the
movie, because I'm 60.
(53:01):
So it was in my time, when Iwas right at that time.
How has your identity come withBoomerang and what's the tie
here with that?
Why, that's a big part of whoyou are, just curious.
Speaker 1 (53:16):
So anybody that knows what a boomerang is.
It's like an Australian, like atool that you know.
They throw it in the air andthen you know they use it to.
You know, do certain killanimals or whatnot, but when
they throw it in the air itcomes right back, or back back
to them.
You know what goes around comesback, yeah uh, what I enjoy
(53:39):
about the movie boomerang it waslike a paradigm shift it was.
It was showing.
It basically taught empathy andit taught you how to look at
things from different situations.
(54:00):
Typically if you're in aworkplace Right and let's say,
you know, usually, just like anyworkplace, the species
intertwines Right and usually ifyou're in a workspace and the
species intertwines, if anybodygets embarrassed, a lot of times
it might be the woman that getsembarrassed and a lot of times
it's a man that, uh, is in ahigher position.
What boomerang did was they putthe woman in the higher
position and they made it towhere the man was the one that
(54:22):
got embarrassed, right.
And it showed you how thatwhole everything can complete be
completely different just bychanging one variable.
Everything that I do in life isall about every quarter, every
week, every quarter, looking atwhat's going on.
(54:43):
What's one variable?
What?
What small minute thing that wecan change to change the whole
paradigm shift, to change thewhole way that we see things,
just like Boomerang.
So that's how I connected withthat movie.
I love it.
Speaker 2 (55:01):
Thank you for sharing that.
That is really cool.
What I love.
You know, we're kind of towardsthe end of our show and I want
you to give a chance, because Iwas very selfish and asking all
the things.
But I want to find out if youmight be willing to come back
and maybe do like a financialtop 10 things you should do with
your money that could make adifference in your life, and
(55:22):
maybe we just spend just alittle bit of time, you know, on
another show just talking aboutthat.
If you'd be willing to comeback, I would love to ask you to
do that.
But I want to take the lastpart of the show for you to just
kind of there's things wedidn't get to talk about, the
things that you really want tomake sure, how to get ahold of
you all that kind of stuff youmaybe spend a little bit of time
, you know, talking about, youknow you and what you do and how
(55:53):
we can help you or just be partof the world that you're in.
Speaker 1 (55:55):
That would be great.
Absolutely, in my opinion.
Most people are within five to10 years of having the option of
retiring.
And what I mean by retiring?
I don't mean the definition,because the term retirement
comes from the industrialrevolution, meaning to put out
of use.
I'm not.
I'm retired, but I'm not putout of use.
I want you to have the optionto retire, but I don't want you
to be put out of use.
(56:15):
I want you to have options.
So, uh, what we do at SheilWolf Strongholds?
Uh, we primarily work withbusiness owners and high income,
um, high income corporatepeople and affluent retirees.
Uh, we help them figure out youknow where to put their money.
How to put it A lot of times,your money should not be.
A lot of people are like allright, I want the biggest return
(56:35):
possible, right?
But even if your money isearning 100% a day, if your
money is doubling every day butyou can't get to it, does it
matter If your money is doublingevery day, but when you go to
sleep at night, you have no ideaif you wake up tomorrow, if it
would be at a zero dollarbalance.
Does it matter if it's causingyou down that stress?
If your money is, yes, it'ssafe, uh, yeah, yeah, it has
(56:59):
good, predictable rates return.
But if, if it's, if it's not,if it's one of those things to
where, uh, as soon as you try toget to it, the government takes
all of it in taxes.
Does, does it matter?
Uh, what we do with the peoplethat we work with, the fair
first thing is education,because here's the thing Uh, I'm
, you know, I work with you handin hand, but what if I'm not
(57:20):
here tomorrow?
Anything that I do, I want youto still be able to keep going,
even if I get hit by a bus,right?
So so that's what we do.
If you visit Sheil Wolf Strongdot com SHIELD WOLF STRONG dot
com, we'll do.
If you own a business, we'llgive you a free, unofficial
(57:42):
business valuation so you canknow where you're at, right.
If you are individual, we'llgive you a free, unofficial
estate plan so you can knowwhere you at.
Just like Dr B says, it's allabout identity and, once again,
there's no cost, no obligation,and the reason why we do that.
We feel like if we can helppeople figure out where they're
(58:02):
at and establish theirfoundation, then they can have
the option of deciding to buildwith us.
Oh my, gosh.
Speaker 2 (58:09):
Thank you, mr Love III.
I sure, oh my gosh, just havingyou on today.
Folks, if you got something outof this, if you didn't rewind
and go back, because you'regoing to get something out of
this, but go ahead, subscribe,hit the notifications.
We have so many of these justincredible podcasts with people
who are doing something for thecommunity to understand.
(58:37):
When I said Randolph is a genius, I was not playing, and you can
probably tell by just theoptions that we talked about
today in the podcast, and sowe're going to have him back.
I'm going to have him do maybejust a quick series on the top
10 ways that he can things thatyou can do with your money.
That'll make a difference.
So you're going to want to comeback to that episode because we
are going to help solve some ofyour money problems if you're
willing to listen.
(58:57):
But, like he said, you mighthave two, three, four decades of
this program stuff in your mind.
So if you think you're going tojust watch one show and not have
to do anything, then you'refooling yourself.
Don't come on.
But if you think you're willingto start learning and be moving
, then look for when thatnotification is and when we're
going to do this show againbecause it's going to be
something literally to changeyour life.
(59:18):
He just told you, within fiveto 10 years, that you could be
able to retire not put out ofuse, but retire and do the
things in the way that God putyou on this earth to do in five
to 10 years.
He didn't say 20 to 40 years,like our, our job system does.
Forty years you'll be able tobe put out of use.
(59:42):
We're talking about five to 10years for you to go do something
that you love to do.
So, radha, thank you so much.
Do you have one closing thoughtbefore we end today?
Speaker 1 (59:51):
I say this, whether you believe you can or believe
you can't, you're probably rightwhat Henry Ford say.
And they say the best time toplant a tree was 20 years ago.
It may be true, but the secondbest time is today, Right now
today.
Speaker 2 (01:00:06):
Well, thank you, can't wait to have you on again.
This has been a pleasure.
Don't forget.
You are God's greatest gift.
He loves you.
If you allow him to, and we'lltalk to you on the next one,
have a good day.
I need to put down that idea that I have to work a
nine-to-five for somebody therest of my life.
The first time somebody calledme an old soul I was, I think,
four years old.
At the time I didn't know whatthat meant, but as I got older
that's really people's way ofsaying you seem wise.
She's doing exactly what shewants to do, earning a higher
income than I, and she canbarely walk and I'm working a
(00:25):
job that I can't stand, but Idon't have to that.
Soon as the plan landed I wenthome to drop off some things and
then I went and I put in my twoweeks notice.
That's how I started myentrepreneurial journey.
The differentiator for me wasin learning some internal
revenue codes Internal revenuecode 72E, internal revenue code
7702, and internal revenue code101A.
(00:48):
Before I got to the age of 32,was putting the majority of my
income into properly structuredlife insurance policies.
Speaker 2 (01:12):
All right, welcome to another edition, another
amazing edition of the JourneyFeed-In Podcast.
And I'm just, oh man, every,every today has just been one of
those days where I'm rushingaround, I'm on the phone, I'm
doing stuff and get it done, andI didn't have any podcast this
morning.
So usually sometimes in the dayI'll have one or two during the
(01:32):
day, and today was this, is thepodcast today.
I don't know that time whereyou just go, I get to hear
somebody else's story and whatsomebody else is doing in this
life to make this life better,not only for themselves but for
(01:52):
others.
Because when we talk aboutliving you know the journey to
freedom and living in purposeand doing all those things, I
don't know if we can do itwithout serving others, and I
don't think I've had maybe oneguest that says I don't want to
serve nobody, it's all about meand I'm going to take mine and
I've had one guest and I'm hereon this planet better.
I want to make it better forothers and I want to leave a
(02:27):
legacy, and that has kind ofbeen, you know, as I think of my
coaching and the things I do,where I help people become the
person they need to be in orderto do what God put them on this
earth to do.
It's just so fun.
And so today, as I was thinkingabout meeting with you,
randolph, I was just thinkingabout man, I cannot wait, it's
kind of like.
So I'm also a chaplain.
(02:47):
So I'm a chaplain at a rehabcenter and I tell all the
patients, when I go in there andI'm talking to them, I'm like I
hate to tell you this, but Ihave the best job in this
hospital because I can't fix you.
I can.
You know, I'm not going to pickup after you.
You know, if I need to push youin a wheelchair, I can do that,
but I'm here just to listen andlet you talk, and so that just
(03:12):
gives me so much joy to hearpeople's stories and then to
expand that into this journey tofreedom where we're talking
about.
What does that mean?
I know you, you know, uh, ralphtold me he's in Jacksonville,
florida, uh, and so I wastelling him that that's hot.
You know, and I don't know.
I was in Tampa and Clearwaterand Orlando and you know, uh,
(03:35):
fort Lauderdale sometime thisyear.
So, but I didn't go back toJacksonville, cause I don't know
, cause I've been there one time.
But it's the South and Iunderstand the South because I
took a group of men to Alabamaat the end of January and we
went on this civil rights tourand kind of just, this is our
(03:56):
roots, this is where you knowthings happen and I, you know,
before I did it last year Ihadn't spent much time in the
South and I didn't understandthe South and you know what it,
what it means to be part of it,and oh my gosh, it's been kind
of amazing.
The last.
I have another podcast calledLiving Boldly with Purpose, and
you know I had a couple ofgentlemen in the last few weeks
(04:17):
that are from that are fromBirmingham, alabama.
I even had a minister who cameon and I was kind of talking
about some of the things thatyou know we were learning when
we went to the tour ofBirmingham, or we walked over to
Pettus Bridge or we went to theEqual Justice Museum and you
know, just to see how segregatedAlabama still is, you know,
(04:38):
even in 2025.
And you know and he looked atme like he had no clue what I
was talking about I said youknow where Shuttleworth's home
was and you know where the wallis, where MLK and the 16th
Street you know, 16th Street,baptist Church and he literally
looked at me like, well, where'sthat?
What's that?
Speaker 1 (04:58):
Oblivious, oblivious.
Speaker 2 (05:01):
I mean, you live here .
He tells me that he's serving.
He says, well, we're servinglow income folks in the ministry
and you know he'd moved therelike four or five years ago or
something like that and he'sserving in the ministry.
And he said, so are you servingany black folks?
And he said, yeah, you know,because you know Birmingham's
like 85% black.
And I said, well, how do youserve this community and have no
(05:25):
clue?
It was amazing to me and sothat just kind of made my need
to continue this podcast andcontinue the journey to freedom.
You know thought process andgetting people there and you
know, when we went, we had 18folks of color and then we had
10 people that were white thatwere there.
And when we went, we had 18folks of color and then we had
(05:45):
10 people that were white thatwere there, and then mixing and
talking about racial issues andthat kind of stuff was just
phenomenal that we were able todo that.
But that's not why we're heretoday, because we're here today
to talk to Randolph today.
Oh, my gosh.
Like I said, I get excitedbecause I haven't talked all day
, right, so now I get to givethree minutes at the beginning,
(06:07):
but I can't wait to hear yourstory, like I do all my guests.
I can't wait to hear what makesyou you, what you know.
Sometimes we talk all aboutwhat we do.
People say, well, who are you?
And then we answer with well,I'm a banker or I'm a lawyer, or
I'm a dentist or I'm a doctor,like no, but who are you?
Well, we get the opportunity tohear his story first before we
(06:29):
find out all the crazy coolstuff that he does.
But who is he?
And so it's so fun, and so thefloor is yours.
Now I go ahead and startwherever you want in life, and
then we'll just chop it up afterthat.
But thank you so much for beingon and being willing to be part
of this podcast today.
Speaker 1 (06:46):
And you're definitely welcome.
And, speaking of Alabama, Iactually did some volunteer work
.
They have like a 4-H extensionprogram, and don't ask me what
4-H means, but if you're fromAlabama, you know 4-H, you know
extension.
I do some volunteer work outthere for the programs or senior
citizens and things of thatnature.
(07:06):
But who am I?
Uh, I'm still trying to figurethat out.
Right, they say.
They say know thyself, right?
Um, and it's one of thosethings to where I treat who I am
like a pair of clothes.
Uh, I understand that I cameinto this world and a lot of the
habits that I have, a lot ofthe customs that I adopted, were
(07:30):
exactly what that was.
I adopted it.
It's things that I did not havebefore I got here.
So every time, every year, as Icontinue to know myself if
there's something that I thoughtwas like that I held value to,
uh, since I was a child, becauseI adopted it as a child.
You know, I re-evaluate thingsand then I move on.
(07:54):
So one of the things that I hadadopted as a child was you're
supposed to work, uh, nine tofive, and you're supposed to
work until you're 60 plus yearsold.
Now I got to the age of 30 32 tobe exact and based off the
education I had by that time,I'm already a chartered
(08:15):
financial consultant.
I'm already a chartered lifeunderwriter.
I'm already a fellow lifemanagement institute.
I'm already a charteredproperty casualty underwriter,
like somebody told me.
They say you know, you havemore letters after your name
than in your name.
Right, so so.
But so by the age of 32, Ialready had all of these
professional designations and Ihad been working as a agent for
(08:40):
one of the most well-knowninsurance companies in the
nation, in the world, in fact.
So I look at my accounts and,based off of my definition of
success at that time, at the ageof 32, I could retire, meaning
I could stop.
What Robert Kiyosaki describes.
(09:01):
He says what's the definitionof wealth asaki describes.
He says what's the definitionof wealth?
He says the definition ofwealth is if you were to stop
working right now, how long canyou continue to live?
Yeah, with your preferredstandard of living, before you
have to go back to work again.
And at that time, the standardof living that I was accustomed
to, I had amassed my money in acertain, in a particular way, to
(09:26):
where I was wealthy, becausethe lifestyle that I prefer I
could live that theoreticallyfor the rest of my life.
So so I had that thought andthen the thought, just you know.
Then I started getting thoseconcerns where you're not
supposed to leave a good jobright.
(09:46):
You never know what's going tohappen, right?
So what I did was I was aboutto exit that position.
And what I did and just so youknow the position that I was
working was whenever the brickand mortar State Farm agents
that's the company that I workfor, state Farm.
Whenever the brick and mortarState farm agents that's the
company that I work for in statefarm Whenever the brick and
mortar state farm agents wouldclose at 5 pm Eastern, that's
(10:09):
when I would pick up the phonefrom 5 pm Eastern to early in
the morning from Florida toCalifornia.
At the time I was the topsalesman at the company doing
that position, right?
So so I'm like all right, I'mgoing to.
I got enough.
I need to put down that ideathat I have to work a nine to
(10:30):
five for somebody the rest of mylife.
I made my money.
It's time to leave.
Then I started having thoughts.
I took a trip.
I said you know what, let metake a quick trip to um, to
Miami.
I was, uh, I'm a, I'm aJacksonvilleville native, but I
was living in atlanta at thetime.
I said let me, let me take aquick weekend trip to, to miami,
to to clear my head right, andin this trip to miami, all the
(10:55):
fears crept.
Oh, all, right, I decided that.
You know what I do.
Meet Robert Kiyosaki'sdefinition of wealth?
I do, you know.
I have, you know, put down theidea that I have to work until I
(11:19):
die, but maybe this isn't thetime yet.
On the flight back, I was right,I was flying about southwest.
I don't know if you're familiarwith how southwest works, but
they don't assign seats.
Yeah, you get on the plane andif a seat is open, if you want
to sit there, you sit there,right, exactly.
(11:39):
Also, at the time, I was one ofthose people who didn't, I
didn't care to wait in the backwhile people exited the plane.
You know, I say at the time so,so now I don't care where I sit
on the plane, I just relax andsit down until we exit.
But at the time I needed to beone of the first people off the
plane, right?
So as soon as I came onto theSouthwest plane, in the very
(12:01):
front seat, there was a middleopen seat.
In the very front seat, therewas a middle open seat, and on
the seat in the window seat,let's just say we had two very,
uh, large dudes.
Well, one large woman, onelarge man, I was going to say
let's just say they didn't skiptoo many meals, it is what it is
.
But at that time I said youknow what I?
(12:22):
Hey, listen, listen, the seatis open.
Is this seat available?
And they looked at me like Iwas crazy.
And I sat right there in thatseat right Now, before we took
off.
Before we took off hey, it's Dr.
Speaker 2 (12:36):
B and let me ask you something just here real quick.
Are you tired of doing the samething over and over and not
getting the results you want?
Are you serious about makingsome changes this year that will
impact you in a huge way?
Maybe you're putting outcontent right now and it's not
turning into customers.
Or maybe you're uploadingvideos but you're not sure why
or how it's even gonna help.
You know, I've seen a lot ofpeople that are making a whole
(12:56):
bunch of cold calls to the wrongpeople and no one's answering.
No one wants to talk to you.
It might just be that you'rejust doing what you've been
doing and crossing your fingers,hoping it finally works this
year, but let me tell you what.
That is not a strategy and itwill continue not to work.
That's why I created thepodcasting challenge and it's
coming up fast.
(13:16):
In just a few days, I'm going towalk you through the mindset,
the tool set and the skill setyou need to create a powerful
podcast.
That's right, a podcast.
You won't believe what apodcast can do, one that builds
real value and creates newclients.
And if you grab a VIP ticket,you'll get to join me for a
daily Zoom Q&A sessions whereI'll personally answer your
(13:37):
questions and help you tailoreverything to your goals.
This is your moment.
This is your year.
Go to thepodcastingchallengecomright now and save your seat.
The link is in the show notesand the description.
Thank you for watching thesepodcasts.
Now let's get back to theconversation.
Speaker 1 (13:55):
The lady next to me and it must've been her that
initiated the conversation,because me I usually don't
initiate conversations if I'm ona plane until after we, you
know, got served, like if oncethe drinks and the food are
coming, then I might initiate alittle conversation, but usually
not before takeoff.
But before takeoff she and Iwas engaged in a good
(14:18):
conversation.
Cool.
Now, this lady had to be atleast 30 years older than me.
Keep it Well, at least 2025.
Keep in mind I'm 32 at the time, so she has to be 50 plus years
old.
This lady tells me that she hasbeen working as an independent
adjuster for the past sevenweeks and she's been making
(14:41):
$7,000 a day A day.
Yeah, seven days a week, oh, mygosh, for the past seven weeks
just doing independent adjust towork like something that's out
in the field, something that'snot bogged down, right.
And then she told me that andI'm like, hold on.
(15:01):
So I, you know, of course Imake good money, but I didn't, I
don't make that much in sevenweeks, right, when the plane
took off and landed because bythe time I got to the plane she
was already sitting down, thelady got up and she could barely
walk.
So I'm saying, hold up, she'sdoing exactly what she wants to
(15:24):
do, she's earning a higherincome than I and she can barely
walk and I'm working a job thatI can't stand, but I don't have
to that.
Soon as the plan landed, I wenthome to drop off some things
and then I went and I put in mytwo weeks notice.
Speaker 2 (15:43):
Really, oh my gosh.
Speaker 1 (15:45):
So that's how I started my entrepreneurial
journey.
It went from all right, I havethe option to retire the
standard corporate nine to fivesetup and I can go ahead and
start helping people, servicingpeople, like you said, because
it's all about the more you give, the more you received.
Yeah, Wow.
Speaker 2 (16:07):
So let's fast forward now.
I mean so?
So you've now become anentrepreneur.
You've decided, hey, I'mleaving this now.
I guess, before you jump intothe rest of your story, did you
think that your lifestyle wasgoing to change, Because that's
where you know you come intolike, for the lifestyle that I'm
living, this is enough toretire.
(16:28):
But did you think that youwould increase, like a bigger
house or nicer cars or anymaterial things or a family or
all these things that nowincrease the need for income?
Was that in part of yourthought process?
I need more because I want toincrease my lifestyle?
Or you were just like, hey, mylifestyle is cool for the rest
of my life, but I still want todo more.
Speaker 1 (16:51):
Before you jump in, kind of go through that a little
bit so it's one of those thingsto where, um you, you, you
don't know what you don't know,like, the more you know, the
more you know, the more youdon't know.
Like I said, all this ishappening at 32, but I bought my
first house at 22.
Speaker 2 (17:11):
OK, so I don't know.
Speaker 1 (17:12):
Yeah.
So I don't know what the youknow, different parts of the
country, different peopledevelop it, you know.
You know different things, butwhere I was from 22,.
That was outrageous.
Speaker 2 (17:34):
That's insane that somebody could do that and have
you know.
It's usually you know, unlessyou have parents or somebody who
is giving you down payments andthey've been teaching your
whole life and I'm kind ofthinking while I'm watching you
that that wasn't the case, wherethey're like, hey, your whole
life, we're talking about moneyand we're going to make sure you
got your first house to be ableto get going.
Speaker 1 (17:44):
You know well.
Well, they have been teachingme my whole life.
But it's it's about you canlearn from anybody and one of
the things about the people thatI service.
The people that I service aretypically the people who are the
(18:06):
first in their family to startearning over $100,000 a year.
And, to your point, my familytaught me and they taught me
what they knew about money.
But once you become the personin your family, the first one to
make over one hundred thousanddollars a year, that mother,
father, uncle, auntie,grandmother, grandfather that
used to always give you the bestadvice when it comes to money,
despite their best efforts,typically whatever they tell you
(18:27):
is the worst advice.
Speaker 2 (18:28):
Yeah, they don't know .
They know what it means to have$40,000 to keep it and to
maintain and to just be able tolive life, because most of the
time they're living paycheck topaycheck, trying to figure it
out.
Now you're making $100K whereyou're not paycheck to paycheck
anymore.
I got a lot of money to be ableto save.
(18:48):
I have money to be able toinvest all those different
things that you're able to do.
That is no longer.
You know something you can do.
So that's you know.
Yeah, keep going.
Speaker 1 (19:00):
So to your point per what I thought, if I live the
lifestyle that I was brought upunder at the time, that's all I
was going to do, and that lastedmaybe two, three months, maybe
two, three months.
So so you can only sit on abeach for so long.
(19:21):
You can only sit on a beach on aTuesday for so long, right?
So what ended up happening wasall right.
I said all right, well, I soldthe promise for all these years.
Now I need to protect thepromise.
So I went ahead and got myindependent adjusters license.
I had my own company as anindependent adjuster.
(19:42):
Now here's what clicked in mybrain.
The territory that I wasworking was South Florida.
South Florida has some of themost, and I was in.
I forget the exact area, butit's the one of the worst
affluent areas in South Florida,and that's when my mind was
blown.
What I thought was normalWasn't so well.
(20:07):
Maybe it was normal, but itlooks like I prefer to be
abnormal.
Speaker 2 (20:13):
Right.
Speaker 1 (20:14):
So, so, so, as I'm looking at all of these
possibilities, increasing mynetwork, that's when I started I
went from insurance adjustingto insurance appraisals, then
insurance appraisals, the publicinsurance adjusting, then
public insurance adjusting toexpert witness work.
And when I looked at mytrajectory, the reason why I was
(20:36):
able to take these risks and dothese things, that drastically
increased my income and eventhough I already had enough
money in my cachet to live whatI thought was my preferred
standard of life with the skillsets, I was shooting past that.
Now, once I started talking tomy colleagues and they're like
(20:57):
man, how did you do this?
It's because I had the options.
And then, when I had thoseconversations with them, I
figured out that they didn'thave the options.
I thought everybody had theoptions and the liquidity to
just stop doing something theydid not like and do something
else.
Once I realized my family,friends and colleagues did not
(21:19):
have their money situated theway that I learned how to
situate it with my charteredfinancial consultant curriculum,
with my chartered lifeunderwriter curriculum.
Once I learned that, that'swhen I said all right, that's
how I'm going to serve mycommunity, I'm going to solve
the problem and I'm going tobridge the gap between the
financial literacy of thewealthy and the people who are
(21:41):
quote unquote middle class.
Because I grew up in a timewhere you said I don't know
where you're from, but where Igrew up, oh yeah, I'm middle
class and people they say itreal proud, and I'm not saying
there's nothing to be ashamed of, but I don't think there's
nothing to yell from the top ofthe roofs as well.
Speaker 2 (21:59):
Yeah, no, those are the folks that were able to move
up from the ghettos, or move up, you know, because I remember
when I was teaching, when Ifirst started teaching high
school.
Remember when I was teaching,when I first started teaching
high school, and there was acommunity that was built way far
.
So I'm in Los Angeles area andso there's a city called Moreno
Valley that is a hundred milesfrom LA, almost a hundred miles,
(22:21):
80, 90 miles from LA, and arefrom Compton and Inglewood and
the communities that we thinkyou know as as typically being
socioeconomically disadvantaged,you know, at the time.
And so these families had movedout to Moreno Valley because
they could afford to buy a house, they could afford to get their
house, and so now they're proud, Like you said, we're middle
(22:44):
class, we've moved up fromCompton, we've moved up from
Englewood.
The problem was is a lot oftheir jobs were still in LA, so
they would drive that 60, 70miles every day to go to work,
with LA traffic, you know, anhour, hour and a half to work,
hour and hour and a half to back, three hours a day on the road
and then realize that theirlifestyle, that they thought
(23:07):
meant middle class, but theydidn't tell their kids that they
hated it.
They were just telling theirkids we're giving you a better
life, right?
Speaker 1 (23:15):
And that's a part of it, the traditional way of
thinking.
Not only do most peoplediscover because you know they
like to call it, you know,sometimes people describe it as
a middle age crisis.
Really, it's just peoplefinally realizing all this stuff
that I've been told was was,was a lie, right, but, but?
But what happens is a lot ofpeople, a lot of parents, are so
(23:37):
proud, too much pride to wherethey don't even want to say the
stuff that I did.
Maybe I should have did itdifferent.
So now the kids are growing upunder that.
All right, I need to do uhstuff like that.
It seemed like the right reason.
But once you, once youcalculate the gas, once you
calculate the hours, you, it,you, your margin is dropping for
(24:01):
this, uh, perceived dream ofthe middle class.
I once again, it's nothingwrong you, somebody deciding
that that's the station in theirlife that they want to be.
But if you ever say I prefernot to be in this station, there
are ways to get to that otherstation, yeah, man, that's, that
is so cool.
Speaker 2 (24:22):
So you end up as in what you call an expert.
Expert witness Does that meanyou're like in courthouse.
What was the expert witness?
Speaker 1 (24:33):
where I'm from, they would call me a professional
snitch, right?
But no, no, but basically theway it works is uh, whenever,
whenever there was a um like aninsurance claim right, insurance
claims are ambiguous uh, somesomebody might say it costs ten
thousand to fix, somebody elsemight say it costs a hundred
(24:54):
thousand to fix.
Whenever there was a, aconflict and you couldn't agree
on the, what it would cost inorder to fix this damage that
was caused by a claim that wasinsured.
Uh, first it would have theunderwriters, then it would have
the attorneys.
Once attorneys get involved,they don't want.
(25:14):
Attorneys don't like to beembarrassed.
Yeah, right so what they do isthey don't just rely on the data
that they got.
They go ahead and send outsomebody that they know like and
trust to go ahead and put feeton there.
Now, you, you very rarely youwill see an attorney get out
there with their $1,000 loafersand walk a loss right.
(25:36):
For the most part, they haveexpert witnesses, uh, uh, people
who know the field go out there, capture the images, ask the
right questions, do the righttests, and then that allows them
to get those documents and readthrough it and make a decision
on how they should move with theclaim.
And if they decide to moveforward with the claim, they
(25:59):
typically ultimately use thatdocumentation to win.
So that's what I would do.
Ok, gotcha.
Speaker 2 (26:04):
So are you still doing that?
What is now life turned intosince you were doing that?
Or is it Talk to me a littlebit?
Speaker 1 (26:12):
So I consult now a lot of the same attorneys that I
did expert witness for Nowthey're my clients.
The same public adjusters thatI educated Now they're my
clients.
What I do is I want because youknow, even though you're in the
industry, a lot of attorneysmake a lot of money, right.
(26:32):
A lot of insuranceprofessionals make a lot of
money.
There are a lot of industriesthat make a lot of money.
What I do is I show people howto make their money, make babies
okay, it's the way I say.
I say if you can impregnate ahundred dollar bill, would you
not, of course, and usuallypeople say absolutely all night
long.
So I just show people like, yes, you're getting a lot of money,
(26:54):
but this is how the wealthytake this, this what I call a
big shovel, and make your money,make money for you.
Money is called currency for areason.
Just like a current, it's meantto keep moving.
I show them how to keep itmoving in the most effective way
possible, how to keep it liquid, how to keep it safe, how to
(27:15):
have it keep getting good ratesof return and how to have it be
in tax advantage, because if youput it in a typical savings
account.
Yes, it's liquid, you can getto it within one to three days.
Yes, it's safe, but it'searning less than one percent.
An average rate of inflation istwo to three days.
Yes, it's safe, but it'searning less than 1%, and
average rate of inflation is twoto 3%.
So every year, your money isworth less and less and less.
(27:37):
Your buying power goes lowerand lower and lower.
I educate people, uh, and I andcause I know one of your big
things is identity.
One of the first things that wehave to do when you're working
with us is we have to identify.
So a GPS, a global positioningsystem.
I ask a lot of people when Ifirst work with them.
(27:59):
I say what's the first, mostimportant piece of information
that the GPS needs in order toget you where you're trying to
go?
Speaker 2 (28:07):
And what?
Speaker 1 (28:08):
they say is put in the address right.
Speaker 2 (28:11):
That's what they typically say Is this where
you're at?
And I say no.
Speaker 1 (28:15):
The GPS uses triangulation.
It first needs to know whereyou're at.
Where you're at, of course,yeah, identity is so important
to me and that's one of the waysthat I connect with you,
because until you can admit andidentify where you're currently
at, you'll never be able to goanywhere else.
Speaker 2 (28:36):
No, and I think that's the biggest thing with
money, that people they thinkthey're at a whole different
spot or they think theyunderstand or they have no idea,
and then it's hard to getbecause they just have these.
I guess the relationship withmoney you know, and that's what
I found, I know when you knowhow I've heard it, you know
talked about or uses like a poolof money is not to be viewed
(28:57):
upon like a lake, would be right.
You need to have inlets and youneed to have outlets because it
has, like you just said,circulate.
If it's a pool of money, thenit just gets lower and lower and
lower all the time becausethere's nothing that's moving
throughout and so, oh my gosh,that's good.
So when we talk about identity,let's just jump back a little
bit.
(29:18):
What did you think in yourchildhood or your young
adulthood?
Because now you have a house at22.
So you now have been able to bethe person who can own a house
at 22.
So, in order to do that, whatwas your identity?
Because most kids who are 18and they graduate high school,
(29:38):
the last thing they're thinkingabout is home ownership.
They don't have that identity.
That's going to.
I didn't have that identity at22.
My first house wasn't until Iwas 28,.
I think you know that I couldhave said, oh, this is important
.
Now, my parents, they had ahouse right, and I don't know
how old my dad was when he got.
You know, I don't at this pointI should probably ask him how
old were you when you got yourfirst house?
(29:59):
But my identity wasn't there.
So what made you, thisgo-getter person that can make
income, that knew, hey, a houseis a great investment, I should
get into it, I should buy it,because I doubt you've moved
into the nicest house in theentire neighborhood when you
(30:19):
were 22,.
Because you kind of know I gotto step up.
I mean, walk me through that alittle bit.
Speaker 1 (30:25):
So it's one of those nurture versus nature things,
right.
So, uh, nature wise, you know.
Sometimes you know you're justborn with it, right.
Uh, one of my mentors, dougandrew, says uh, uh, all of your
kids are born factory installed.
Right, you can have threechildren and you can raise them
the exact same way.
(30:46):
They're going to do whateverthey do based off that factory
installing.
That came with them, you know,sometimes despite your best
efforts.
So, uh, when the first timesomebody called me an old soul,
uh, I was, I think, four yearsold.
Uh, in jacksonville they hadthis program where they would
take the elementary schoolstudents to visit the nursing
(31:08):
home residents.
So it's like the youngest of usmeeting the oldest of us.
And I remember I had to beabout four years old.
I remember the people theretalking about uh, you got an old
soul right, and at the time Ididn't know what that meant.
But as I got older, that'sreally people's way of saying
you sound, you seem wise, or yousound wise.
(31:29):
So I've always had that.
But outside of that, I would sayat the age of seven and people
don't I told people this storyand they don't believe me, but
it's definitely true at the ageof seven, my granddaddy had me
out cutting a yard and this yardhad to be half an acre.
So I'm seven years old, I canbarely reach over the uh, the
(31:52):
rails, but I'm cutting this yardand to me it's normal and to
him he's from the country, he,uh, he's.
He's 92 years old now.
Uh, to him that was normal toowhat my granddaddy made.
So he watched me cut this yard.
This is my first time cuttingthis yard half an acre.
I get finished and you know how, when you.
(32:14):
I don't know if you ever used apush lawn mower, but you know
you got to be a little bit older.
Speaker 2 (32:19):
Yeah, the wheelhouse.
You know how the wheel goesthrough?
Speaker 1 (32:22):
Yeah, he let me cut that whole yard without telling
you that and then I had to goand then after I finished, I had
to go back and cut, cut it theright way and it was.
It was that thing of measuringtwice, cutting once.
So outside of that old soulthat I just had factory
(32:43):
installed is lessons that I gotfrom my grandfather that, like
that, made made me think allright, what are you, what are?
What do I have to have?
I have to have food, I have tohave a place to stay.
All right, great Uh is it.
Should I stay in a place whereI'm paying rent and the rent is
just going to keep increasingevery month, or should I?
(33:04):
Should I lock in a fixed ratefor the next 30 years?
I think I will have the mostoptions if I lock in a fixed
rate for the next 30 years.
So that's how I got to that,that stage at 22 man, you are
one.
Speaker 2 (33:20):
You like Mensa, aren't you?
You like?
You're on that genius level.
I can tell already well, Ithink.
Speaker 1 (33:26):
well, you, everybody's a genius man.
Everybody has their, theirgenius, but yeah, when it comes
to figuring out how to situatemy food and my living for the
rest of my life, I am a genius.
Speaker 2 (33:39):
So when we think about living above your means,
below your means, stretchingthat kind of stuff, your means
stretching that kind of stuff,it sounds like you figured out a
formula or a way that people oryou have been able to live
below your means and continue toinvest.
Is that something that hascontinued through your whole
life or was it now?
(34:00):
I mean, I obviously I don'tthink you live above your means
right now.
But what?
How did you get that?
Because in our culture, as youknow, we are spenders, we are
consumers, we are the have.
Then we try to do and thenbecome the person, and it seems
like you became, you did andthen you got to have.
What kind of thought processwent through this whole process
(34:22):
of okay, wait a minute, Ishouldn't spend.
This is I bought the house thatI knew I could afford and still
have money to eat, you know,and still have money, but you
didn't go buy the rentalfurniture to live in the house.
I'm assuming you know, causeI'm just having a conversation.
I can tell you didn't go buythe you know, the rental or
(34:44):
whatever it is.
Speaker 1 (34:45):
I bought my own, got my own furniture.
So for me, the differentiatorfor me was in learning some very
important internal revenuecodes Internal revenue code 72E,
internal revenue code 7702 andinternal revenue code 101A.
(35:05):
Internal Revenue Code 101A.
Internal Revenue Code 72E saysas long as it's considered a
life insurance policy, whateveryou have in it grows tax
deferred.
Internal Revenue Code 7702 saysas long as it's considered a
life insurance policy and youaccess it correctly, you get
access to this money tax-freeand it's not considered income.
(35:26):
And Internal Revenue Code 101Asays as long as it's considered
a life insurance policy,whatever you have left blossoms
to a larger number and passes toyour heirs tax-free.
So what I started doing beforeI got to the age of 32 was
putting the majority of myincome into properly structured
(35:47):
life insurance policies, andwhat ended up happening was I
still was able to spend because,uh, when you, when you
structure a policy the right wayand it's with the right product
, you can put money in and stillbe able to access money to live
right now.
So I'm still out hanging withmy friends, I'm still going to
(36:11):
the events, but they're onlyable to spend their money once
because I access the money frommy policy.
The right way is still growinginterest in a tax deferred uh
vehicle.
So, so that's, that was thedifferentiator of of what I did.
Uh, leading up from that, youknow, all right, I got my uh
(36:34):
living, I got a fixed mortgageset.
Uh, all right, uh, I, I, Ifigured out, okay, I pay this
much a month.
Uh, the cost of everythingdoubles approximately every 14
to 15 years.
Okay, so if the money of it so,so I'm doing the math of
everything doubles approximatelyevery 14 to 15 years.
Okay, so if the money of it?
So, so I'm doing the math ofall right, 14 years from now,
all right, my, my normalstandard of living is 60 grand.
(36:56):
That I that I prefer, like that.
That just keeps me just feelinggood, all right.
So if, if it's 60 now, 14 yearsfrom now it's going to be 120.
And then 14 years from now it'sgoing to be 240.
Speaker 2 (37:12):
So it's really just learning the statistics, doing
the math and then putting it ina vehicle to where I can use it
today but it's still growing fortomorrow, yeah, and it's so
cool that you were able to learnthat because you did this when
the life insurance portion of itwas so inexpensive, because for
a 22-year-old, whatever amountof life insurance you're
(37:32):
purchasing is super cheap.
And that same thing.
If somebody tried to start thatin their 60s, it's going to be
eaten up by the amount ofpremium that costs, right, I
mean, unless you just have awhole bunch of money.
So I love that, the fact thatyou were able to do that.
Now, when I think about the thedifferent things that you were
doing, like you're saying mylifestyle, you weren't driving
(37:54):
around a Beamer at 22, like allthe 22 year olds are like, right
, you just drive around a car.
That you know.
Were you making payments on thecar?
Were you, you know?
Was you buying the cash?
What was how?
How was your thought process onthat kind of stuff?
On debt, you know, was youbuying the cash?
What was?
How was your thought process on?
Speaker 1 (38:09):
that kind of stuff on debt.
It wasn't until recently.
I'm thirty nine years old.
Thirty seven was the first carnote I ever had.
Up until then, every car Ialways bought cash, ok.
So so to answer your question,that's how I treated a car.
A car for me was a item thatdepreciated.
(38:49):
I didn't need to utilize it todo.
I used to go to the um, therental car companies like hertz
or enterprise, and so hertz andenterprise, they take perfect
care of their vehicles, like oilchange on time, uh, all the all
the everything yeah, everything, and they would put their cars
for sale at 20, uh, 20,000 miles.
(39:12):
So what happened?
I would go every every otheryear.
I would go to Hertz.
I would buy a car for about 15grand and the market value was,
uh, at least 10, 15 grand more,but they were selling it because
they needed to get the new carsin.
So that was my process Go tothe rental car company, buy a
(39:32):
car cash, sell the old one andthen drive that one for the next
couple of years.
Speaker 2 (39:38):
It's so smart because when I was in my twenties I
worked for enterprise, right,and it still didn't dawn on me
we were selling cars.
Oh, I should go buy my cars.
Or even though I was sellingthe cars, I mean hello, and you
would get great.
Speaker 1 (39:51):
The rental car companies gave the best prices
and you didn't have to worryabout buying a lemon.
For the most part, yeah.
Speaker 2 (39:57):
Oh my God.
Well, yeah, not at all, because, like you said, every
maintenance was done, every oilchange was done At 20,000 miles.
The car is just getting brokenin.
It's going to be a good car foryou.
I think the biggest issue thatpeople have or have had is when
we think of credit and we thinkof, you know, having the
(40:19):
liquidity of having money to beable to say I got 15 grand
Because even if you sold it for10, you still need that extra
five that's sitting in the bankto go ahead and pay the 15 grand
, to pay it off right, and whatI see where folks, if they're
living up to their means, thereis a five grand in the bank,
right, that can pay for thatextra card.
(40:40):
There's, like you know, $1,000in the bank you wonder about,
like the payday places you knowit's you worry about like the
payday places.
Speaker 1 (40:48):
Most people don't got a thousand.
I mean, they've done a poll.
What 60% of people don't have$1,000 in their accounts?
Yeah, that's six out of 10.
Speaker 2 (40:58):
When you say that you know 60 is like a big number,
you drop it down to like if youwalk down the street, six out of
10 people do not have $1,000that they could access to take
care of an emergency, to takecare of family, buy something
that they really need if theircar breaks, can't get it to the
shop.
Speaker 1 (41:27):
They're living on this revolving credit thing that
just stops them from being ableto achieve, and that is another
one of the cheat codes that Iused.
Um, so one of the cheat codesthat I'll use was when I was
coming up, because I knew thatemergencies happen and then all
it takes is one emergency tothrow you completely off your
game.
I always made sure I had atleast a thousand dollars that I
(41:49):
did not touch because when that,when that unforeseen emergency
would happen, like a tire blowsout or something like that, I
could quickly go to that athousand fit because I thought
most, most emergencies are fitsby a thousand dollars.
Speaker 2 (42:06):
well, you, I don't know.
Speaker 1 (42:08):
It's a lot of inflation now, but most
emergencies used to be fixed by$1,000.
Back then I never would get offtrack because when something
unforeseen would happen, Ialways had a tank of money to
pull from.
Because I knew that statistic.
I knew that most people didn'thave that much, so I just made
(42:30):
sure I had that much and then,you know, just kept on moving
and then my cash just keptgrowing.
Speaker 2 (42:35):
Yeah Well and then, if emergency happening, I bet
you replaced it.
Speaker 1 (42:40):
Oh yeah.
Speaker 2 (42:41):
Right, it wasn't like oh OK, one emergency now, oh, I
used it, and then, like a yearlater, another one happens.
Oops, I didn't put no moneyback in there again, right?
Speaker 1 (42:50):
and you just made me think uh, you're going,
depending on who you are, you'regoing to actually have to write
your definition of what anemergency is, because you know
as soon as you want that money,all of a sudden, a trip to
cancun is an emergency my boysare gone, I gotta go with them's
exactly.
Did you do?
Make sure it's a real emergencyand make sure you replenish it
(43:12):
after you use it?
Speaker 2 (43:13):
Did you ever use like the envelope system where you
had like money for this thinghere and then money for this
thing here, or do you just kindof said, okay, I got my
investment money, I'm going tokind of live off of that and
then I have emergency set aside,cause I know some people, when
I was starting to learn aboutmoney and how it worked, is I
would have different envelopes.
You know, this is back in theday when everything wasn't
(43:33):
swiped and you actually got tosee money and there was
something about if I put thisfive hundred dollars in for
entertainment, you know into myenvelope that when I'm going to
the movies or whatever, you know, maybe it was thirty dollars or
forty dollars during that timewhen I want to give that money,
it kind of hurt a little bit.
Do I really need this?
(43:54):
Is this movie really going tobe good?
Baby, you don't need thatpopcorn.
Let's get the smaller one,because you don't want to give
up that money, right?
Did you ever do anything?
Speaker 1 (44:04):
I'm familiar with the envelope system and it's very
effective.
My envelope system was digital,though, because I had multiple
life insurance policies.
What I would do is each policyhad its own function, or it
still do to this day has its ownfunction.
All right, I put money in here.
(44:25):
This is the entertainment lifeinsurance.
This is the help out family andfriends life insurance.
This is the travel lifeinsurance.
So if I did not have theavailable cash value in that
particular category, then Ididn't do it.
If I, if there was no availablecash value in the travel, then
(44:45):
there's no travel into theirears.
So, yes, I had an envelopesystem, but it was more so
digital and each was a lifepolicy.
Speaker 2 (44:56):
What would you say to people who I know we're talking
a lot about money who strugglewith the ATIN card?
Because I have a granddaughterright and she wants me to go buy
stuff and she's like I'm like,well, we don't have money for
that today and she's like, well,use the card, but I think I
mean that makes sense for afive-year-old or a six-year-old
right.
But I hear adults thinking thesame thing, like they're trying
(45:19):
to stick their card into amachine and it's saying declined
, and they're trying to figureout why it's declined, like they
don't know they don't have anymoney.
How do you like, when you'reeducating and teaching people,
you know, how do you help themunderstand that?
I know it's digital but thatdoesn't mean there's money.
(45:40):
And I guess people used towrite on my age.
They used to write checks whenthey know they didn't have no
money in it.
You know.
Speaker 1 (45:45):
Oh yeah, I see in checks that in it you know.
Oh yeah, see in chess that was.
You know I like I hang aroundwith a lot of older people
checks.
That was a.
That was a.
That was the uh old schoolpayday loan, right, you write a
check even if you, even if youknew the money wasn't in there,
because you knew the checkwasn't gonna make it to your
bank for about three days.
So that was a.
I think that was the firstpayday loan, right?
Uh, you write, you write thegrocery store check and then,
(46:07):
even though there's no money inthere, they'll get to it.
So, to answer your initialquestion, it's really like an
addiction man and just like anyaddiction.
Let's say, if it was drugs, youcan't help a drug addict until
they're ready to be helped.
Drug addict, until they'reready to be helped.
(46:31):
You can't help somebody that'saddicted to swiping their card
until they're ready to be helped.
Uh, because, uh, once againit's.
It's almost like insultingsomebody's religion or political
beliefs.
Once you start telling peoplehow to treat their money, you
get unsolicited, you get disdain, you get you know it's all
(46:55):
types of energy, negative thatcomes.
It has to be wanted.
So it's all about the educationfirst.
So the way that I help is Ieducate.
I just change the way thatpeople see things.
I help is I educate.
I just change the way thatpeople see things and cause
usually, uh, and and my wind,our window is getting shorter
now, right, but when I firststarted on this side, uh, of
(47:18):
what I do, from the day that Imet somebody to the day that we
actually did business used totake approximately 18 to 24
months Really A long saleswindow.
Speaker 2 (47:30):
Oh my gosh, that is a long cycle, but I can imagine.
Speaker 1 (47:34):
But I'm overcoming decades, of course, of course,
of wrong thoughts.
As it relates to money.
The cycle is getting a lotshorter now, but back then it
used to take forever.
It's a lot of education.
A lot shorter now, okay, butback then it used to take
forever.
It's a lot of education, well,a lot of falling down and a lot
of getting back up and I cantell you.
Speaker 2 (47:54):
so, remember, I told you I was a high school teacher
and back then and I don't knowif it's any different now but we
got paid once a month and Istarted having my family.
So I had my first, my son, youknow oldest, when I was 24.
And so we were barely making itat first and that's when, like,
costco opened up so we decidedyou know, in that time we have
(48:15):
three kids now, so we're goingto Costco.
I can remember taking it's kindof embarrassing to say this now
, but I would take checksbecause we were getting paid on
the 31st of the month and at the22nd of the month we out of
food.
So I would take the checks andI would put goals in the number
at the bottom of the check,because when it went through the
reader they would have to typeit in manually, and so that
(48:36):
would give me an extra four orfive days in order to for the
check to go through, and so thatI mean that that was my mindset
, because I didn't know that Icould do all this, that that
wasn't part of the process of myparents.
You know my parents grew upreally poor.
You know my mom can tell meabout times they were picking
cotton on the farm in California.
(48:57):
You know, just to you know,that Christmas tree was a
tumbleweed.
You know my dad lived next toan orphanage in Kansas City
where he said like when thetruck came in with clothes and
shoes they were right in there.
Even though they live next door, they were right in there
getting their clothes and shoesat the same time and so we
didn't talk a lot about moneywhen we were growing up.
(49:18):
we didn't talk about thosethings and I mean it was so
proud of them for now that theywere able to get a house and
that kind of stuff.
And you might even get yelled atif, as a kid, you tried to talk
about money.
Oh gosh, oh yeah, it was justcrazy.
And then I go to college andsomebody's offering me a credit
card, and I didn't know what acredit card was.
I'm on a track scholarship atthe school.
(49:41):
They have these lines of tables, you know, and Sears gave me a
credit card.
Well, I didn't know.
I thought it was like myscholarship where, you know, if
I had to take a loan out, I'dpay it when I got done with
school.
And, like, I went and bought awhole bunch of stuff for my dorm
room with the credit cardbecause they gave me like $300
credit.
And you know I get back.
You know they send me a bill atthe end of the next month.
(50:02):
I'm like what am I supposed todo this?
I don't have a job.
I'm like.
I'm like why are you giving mea credit card when I don't have
a job?
And now I'm thinking thementality of our systems, that's
how they're built, right, theywant to keep us in that debt and
so, oh yeah, it's, it's.
Speaker 1 (50:21):
it's a different way of looking at it.
All right, am I going to givethis?
I'm used to not giving thesepeople money at all.
All right, so now I have togive them money?
All right, let me.
Okay, if I have to give themmoney, let me raise the cost of
(50:42):
everything so dramatically thatit's as if I'm not giving them
any money.
So I so I have a lot ofconversations with a lot of, you
know, students like now they'readults now, but I know that
they attended certain schools,right, you know my, you know
HBCUs and and different thingsthat that are geared toward, uh,
(51:05):
our community.
And when I, when I asked thembecause, and keep in mind, I
grew up low income uh, now I'mwhere I'm at now, I got friends
of all social economic levels,so I know the value of certain
things and what other people arepaying.
I'm speaking to them and, ofcourse, they have a lot of them
(51:25):
have bachelor's degrees and, toyour point, these people with
just standard and when I saystandard bachelor's degree, it
can be, I'm not, I'm not talkingabout no specialty, but just
like a standard bachelor'sdegree with over $200,000 in
debt, wow, wow.
And I'm like how did thathappen?
(51:47):
And it's just like you justdescribed.
First off, you couldn't nobodytalk to you about money, and if
you brought up money, you gotyelled at, you got shame, it was
almost blasphemy.
And then you get to.
So now nobody educated you on itand now people are just giving
you money.
Oh, you need.
Here's some extra money foryour dorm.
(52:09):
Here's some extra money forthis.
Here's some extra money foryour dorm.
Here's some extra money forthis.
Here's some extra money forthat.
Here's some extra.
And what happens is now youknow, figuratively not literally
might as well be, butfiguratively now you're working
for nothing because everythingthat you uh bring, that you
bring in, is going out.
(52:29):
And what's the only debt that abankruptcy can't get rid of?
Loans, yep.
So all of the money, as theysay.
Oh my gosh.
Speaker 2 (52:40):
Wow, this is so good.
Now I have to.
I'm going to just turn thetable a little bit because this
has been a great conversationand I'm going to find out if we
can get you back on.
But when I talk about identityand I'm going to find out if we
can get you back on but when Italk about identity, you know
I'm looking at your backgroundand I'm seeing Eddie Murphy and
Holly Berry 40 years ago.
Right, this is before you wereborn, because I remember the
movie, because I'm 60.
(53:01):
So it was in my time, when Iwas right at that time.
How has your identity come withBoomerang and what's the tie
here with that?
Why, that's a big part of whoyou are, just curious.
Speaker 1 (53:16):
So anybody that knows what a boomerang is.
It's like an Australian, like atool that you know.
They throw it in the air andthen you know they use it to.
You know, do certain killanimals or whatnot, but when
they throw it in the air itcomes right back, or back back
to them.
You know what goes around comesback, yeah uh, what I enjoy
(53:39):
about the movie boomerang it waslike a paradigm shift it was.
It was showing.
It basically taught empathy andit taught you how to look at
things from different situations.
(54:00):
Typically if you're in aworkplace Right and let's say,
you know, usually, just like anyworkplace, the species
intertwines Right and usually ifyou're in a workspace and the
species intertwines, if anybodygets embarrassed, a lot of times
it might be the woman that getsembarrassed and a lot of times
it's a man that, uh, is in ahigher position.
What boomerang did was they putthe woman in the higher
position and they made it towhere the man was the one that
(54:22):
got embarrassed, right.
And it showed you how thatwhole everything can complete be
completely different just bychanging one variable.
Everything that I do in life isall about every quarter, every
week, every quarter, looking atwhat's going on.
(54:43):
What's one variable?
What?
What small minute thing that wecan change to change the whole
paradigm shift, to change thewhole way that we see things,
just like Boomerang.
So that's how I connected withthat movie.
I love it.
Speaker 2 (55:01):
Thank you for sharing that.
That is really cool.
What I love.
You know, we're kind of towardsthe end of our show and I want
you to give a chance, because Iwas very selfish and asking all
the things.
But I want to find out if youmight be willing to come back
and maybe do like a financialtop 10 things you should do with
your money that could make adifference in your life, and
(55:22):
maybe we just spend just alittle bit of time, you know, on
another show just talking aboutthat.
If you'd be willing to comeback, I would love to ask you to
do that.
But I want to take the lastpart of the show for you to just
kind of there's things wedidn't get to talk about, the
things that you really want tomake sure, how to get ahold of
you all that kind of stuff youmaybe spend a little bit of time
, you know, talking about, youknow you and what you do and how
(55:53):
we can help you or just be partof the world that you're in.
Speaker 1 (55:55):
That would be great.
Absolutely, in my opinion.
Most people are within five to10 years of having the option of
retiring.
And what I mean by retiring?
I don't mean the definition,because the term retirement
comes from the industrialrevolution, meaning to put out
of use.
I'm not.
I'm retired, but I'm not putout of use.
I want you to have the optionto retire, but I don't want you
to be put out of use.
(56:15):
I want you to have options.
So, uh, what we do at SheilWolf Strongholds?
Uh, we primarily work withbusiness owners and high income,
um, high income corporatepeople and affluent retirees.
Uh, we help them figure out youknow where to put their money.
How to put it A lot of times,your money should not be.
A lot of people are like allright, I want the biggest return
(56:35):
possible, right?
But even if your money isearning 100% a day, if your
money is doubling every day butyou can't get to it, does it
matter If your money is doublingevery day, but when you go to
sleep at night, you have no ideaif you wake up tomorrow, if it
would be at a zero dollarbalance.
Does it matter if it's causingyou down that stress?
If your money is, yes, it'ssafe, uh, yeah, yeah, it has
(56:59):
good, predictable rates return.
But if, if it's, if it's not,if it's one of those things to
where, uh, as soon as you try toget to it, the government takes
all of it in taxes.
Does, does it matter?
Uh, what we do with the peoplethat we work with, the fair
first thing is education,because here's the thing Uh, I'm
, you know, I work with you handin hand, but what if I'm not
(57:20):
here tomorrow?
Anything that I do, I want youto still be able to keep going,
even if I get hit by a bus,right?
So so that's what we do.
If you visit Sheil Wolf Strongdot com SHIELD WOLF STRONG dot
com, we'll do.
If you own a business, we'llgive you a free, unofficial
(57:42):
business valuation so you canknow where you're at, right.
If you are individual, we'llgive you a free, unofficial
estate plan so you can knowwhere you at.
Just like Dr B says, it's allabout identity and, once again,
there's no cost, no obligation,and the reason why we do that.
We feel like if we can helppeople figure out where they're
(58:02):
at and establish theirfoundation, then they can have
the option of deciding to buildwith us.
Oh my, gosh.
Speaker 2 (58:09):
Thank you, mr Love III.
I sure, oh my gosh, just havingyou on today.
Folks, if you got something outof this, if you didn't rewind
and go back, because you'regoing to get something out of
this, but go ahead, subscribe,hit the notifications.
We have so many of these justincredible podcasts with people
who are doing something for thecommunity to understand.
(58:37):
When I said Randolph is a genius, I was not playing, and you can
probably tell by just theoptions that we talked about
today in the podcast, and sowe're going to have him back.
I'm going to have him do maybejust a quick series on the top
10 ways that he can things thatyou can do with your money.
That'll make a difference.
So you're going to want to comeback to that episode because we
are going to help solve some ofyour money problems if you're
willing to listen.
(58:57):
But, like he said, you mighthave two, three, four decades of
this program stuff in your mind.
So if you think you're going tojust watch one show and not have
to do anything, then you'refooling yourself.
Don't come on.
But if you think you're willingto start learning and be moving
, then look for when thatnotification is and when we're
going to do this show againbecause it's going to be
something literally to changeyour life.
(59:18):
He just told you, within fiveto 10 years, that you could be
able to retire not put out ofuse, but retire and do the
things in the way that God putyou on this earth to do in five
to 10 years.
He didn't say 20 to 40 years,like our, our job system does.
Forty years you'll be able tobe put out of use.
(59:42):
We're talking about five to 10years for you to go do something
that you love to do.
So, radha, thank you so much.
Do you have one closing thoughtbefore we end today?
Speaker 1 (59:51):
I say this, whether you believe you can or believe
you can't, you're probably rightwhat Henry Ford say.
And they say the best time toplant a tree was 20 years ago.
It may be true, but the secondbest time is today, Right now
today.
Speaker 2 (01:00:06):
Well, thank you, can't wait to have you on again.
This has been a pleasure.
Don't forget.
You are God's greatest gift.
He loves you.
If you allow him to, and we'lltalk to you on the next one,
have a good day.
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