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December 22, 2023 22 mins

What if you found a map to navigate the way out of your money struggles?  Would you dare follow the path that leads to the life you always dreamed of? Today I'll be revealing my own journey, how I overcame my money hurdles, and how I learned to view money as a tool. I'll be shining light on the stark disparities in student loan repayment between black and white college graduates and asking some hard-hitting questions about the root of these differences. Remember, you're not alone in this struggle. Here's my gift to you - a comprehensive roadmap; seven steps that every black woman must embrace this year to break free and live her dreams. Together, we'll explore how a deeper understanding of money can propel us towards financial success. 



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Episode Transcript

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Speaker 1 (00:00):
Hey, y'all.
Hey, it's your girl, dr Mary LBoy, the reposition specialist.
You are listening to the WalkDeva Walk podcast.
This podcast is for you, thewoman, specifically the black
woman, who's had enough.
Enough of saying no to yourkids because you can't afford it
.
How about robbing Peter to payPaul, working two or three jobs

(00:25):
just to make ends meet?
Enough of running from yourGod-given purpose and enough of
just being sick and tired ofbeing sick and tired On this
journey.
With the Walk Deva Walk podcast, I will help you overcome your
past, face your present and walkinto your God-given, purposed

(00:46):
future, so you can support yourfamily the way that you desire,
live in abundance and overflow.
Live birth to that God-givenpurpose, giving birth to your
dreams and desires.
How about travel and experiencethe world in ways that you and
your family will never forget?

(01:07):
Have joy and peace so you canlive.
Are you ready?
Let's walk.
Hey, deva, hey, what is goingon?
Y'all Listen, I'm coming to youtoday to talk a little bit
about me.
I know sometimes you like whoare you and how are you the

(01:29):
expert, what you know about thisthing?
Right, let me tell you.
I want to talk to you about howI built my business.
Oh my goodness, it's differentthan a lot of people have built
businesses.
It's funny because when Istarted this journey on building

(01:49):
my business, it wasn't quitewhat I had in mind that I was
going to build.
I had my own idea of what I wasgoing to do at that season of
my life and God just had adifferent plan.
I built it honestly, by serving.

(02:12):
I built it by serving.
I know you like Mary.
What do you mean?
It wasn't about me.
I built my business because Iwanted to see other people
succeed and win.
That came across in my delivery.

(02:36):
I built a business around moneyand finances and financial
literacy.
I built that business because Iknew I struggled in it.
I didn't know a lot about it.
I was good with numbers andmath but I had debt and my

(02:58):
credit score was bad and all thethings I said when I learned
about it.
Number one I wanted to come outof that space.
I started learning about it andimplementing things myself and
I realized what wasn't told tome, what wasn't taught to me all

(03:23):
the years of school, the yearsin college like nobody told me
the true nature of money right,if you will.
And everybody talked abouthaving relationships with money,
but when I learned that moneyis just a tool like a hammer or

(03:45):
a screwdriver or drill.
It's a tool.
It's something that you use toreceive the services, the
products, the things that youneed.
It's an exchange.
And so when you need to put anail in the wall, you use the

(04:08):
tool of a hammer and you bangthe nail in the wall to achieve
the result.
If you need to screw somethingin, you use a screwdriver, a
flathead or Phillips, dependingon the type of screw.
If you don't want to do itmanually, you may use a drill to
get it into the wall to achievethe results that you need.

(04:29):
It's a tool.
Well, when you want to purchasegroceries, you need a tool
called money to purchasegroceries.
When you want to pay your rentor your mortgage, you need a
tool.
When you want to buy anything,you need a tool.
So it's the tool that you use,that you exchange for a product

(04:50):
or a service.
Everything is a product or aservice.
It falls in one of those twocategories and when I stopped
trying to have a relationshipbecause I don't have a
relationship with a hammer, I'mnot like, oh, this is my hammer

(05:11):
and I have this relationshipwith this hammer.
I don't have a relationship withthe screwdriver, the drill, the
saw or anything.
So why do I have to have arelationship with money?
Once I understood what money isused for and that's all it is,
it made it easier for me toexchange money for services,

(05:37):
right?
And so when I learned a lot ofthis, and I learned the
difference between saving andinvesting, the differences
between money management andbudgeting, have all the
different ways to make money andthe difference between making

(05:59):
some quick money in a seasonversus creating a business, a
side hustle versus being the CEOof your last name, like there's
so many differences and so manydifferent components.
And when I learned this andunderstood that, honestly, it's

(06:20):
all God's principles right,there's all God's principles.
And I looked at wealthy peopleand wealthy names and the wealth
came from knowledge, not thethings.
Wealth comes from knowledge I'mgoing to say that again and not

(06:43):
things, right.
That's why wealthy people likehe and the world are troubled
now.
But like good old Donald TrumpOkay, back before he was
president, he had been inbankruptcy.
How many times he still came upand make money.

(07:07):
Any wealthy person will tellyou you can take all of the
money that I have and I willhave it again.
It's like how?
Because they have the knowledgeof how to gain wealth.
So so many people are chasingthat bag right that they are

(07:32):
looking for the quick fix thatthey are not realizing it's not
the money that makes you wealthy, it's the knowledge.
So once I got it, I said, oh myGod, I have to tell the world,
I have to tell everybody I knowthat we have, we have been

(07:53):
taught lies right, that thingshave been kept from us.
I looked up a statistic when itcame to education and student
loans and this is straight fromthe Department of Education.
You can Google it and look itup yourself and it says that

(08:15):
black students, graduates fromcolleges that have student loans
, pays over 6 percent more oftheir student loans than their
white counterparts, and theirwhite counterparts pay 10
percent less.
I'm like say what now?
What's that number?

(08:37):
Yeah, and that black collegegraduates take longer to pay off
their student loans than theirwhite counterparts.
And I'm like, okay, why?
What is it that they know that?

(08:58):
We don't know.
How is it that they're paying10 percent less than what they
received in loans and we'repaying 6 percent more than what
we had in loans.
How is that possible?
It's because they don't managemoney, utilize money.

(09:22):
They make money just the same.
Some people work for it, likesome people do stocks and bonds
and all of that, and we can too,but we don't.
We don't invest it.
And they have learned how to dothis and they have taught it to

(09:43):
their children and theirchildren did it.
And then they taught it totheir children and their
children did it and they havetaught it to their children.
And so the generational wealthis not just that.
He was a multimillionaire andhe left us a gazillion dollars

(10:04):
in a trust and we got all themoney and now we're rich.
See, that don't work, becausewhen you, you know that lotto
mentality.
So people who get all the moneyand they win millions in a
lottery and you follow them inthe next, they do those, those

(10:29):
recap or where are they now?
Shows and they back in theproject.
So back in the trailer, they'rebroke, they're destitute.
All of this Because it doesn'tmatter how much money you have.
It matters how much money youkeep, and if you don't know how
to keep the money that you'remaking, it doesn't matter.

(10:52):
It doesn't matter that you havea million dollars.
If you're going to have adollar the next year, it doesn't
matter.
So when I learned these things,I said I want to teach other
people, specifically the blackcommunity, and I created my
organization and we say we'rerebuilding Black Wall Street,

(11:15):
not across city blocks, butacross nations.
It's an amazing organizationand I just started sharing what
I knew and how we can do it.
And then those that I shared itwith were on board and they
shared it, and then they sharedit, and then they shared it and,
before you knew it, we had acommunity of over 25,000 people,

(11:40):
men and women, 25,000 peoplethat was getting this knowledge
and understanding.
Right now, every did, everybodyutilize it.
Everybody do what they'resupposed to do.
Everybody know, you know we dowhat we do.

(12:01):
Okay, but it didn't matter,because for me, as long as I
could serve one person, I did myjob and so I needed to serve my
community.
I needed, I needed you all toknow that it's better ways.

(12:24):
There are better ways.
There are many things that wecan do and especially if we come
together collectively to do it.
Was it easy?
Is it always easy?
Ha, it is not.
I'm not telling you that it iseasy.
I had to learn to become a CEOright, because I've never been

(12:50):
one, so I had to learn to be one.
I had to learn to rely on otherpeople when a lot of times we,
especially as women, we havethat mindset of I'll just do it
myself, nobody's going to do itlike me, they're not going to
get it right, it's not going toturn out like me, so I can just

(13:12):
do it.
When I tell you if, if you takeon that mindset, you are going
to be burnt out and you won'thave anything.
So I had to learn how to, as Isay, get out the weeds and
delegate and stay out the weedsin the delegation and trust

(13:36):
those that I had around me.
And I have an amazing team.
I have an amazing, amazing,amazing team and so my
organization is amazing and butI built it by first serving.
If you've heard one of myepisodes about making money and

(14:01):
I talked about heavily hands,catering and bakery and how,
when I started that I gave awaycupcakes, I didn't charge for it
or anything, I just gave itaway and at two, three weeks
after me giving constantlygiving it away the order

(14:23):
starting to come in because Ihad proof of concept, my food
was good and they knew it wasgood and so now they were ready
to buy.
If you've ever walked throughlike the mall and sometimes
people there and they they'regiving away samples because they
want you to taste the food, soyou can taste them be like, oh,
that's good, and they're comingback.

(14:45):
That's what I did.
I gave it away for months forfree All the information, the
tools, tips, tricks.
I did it for free for a fewmonths and then I created my

(15:07):
business plan and my businessmodel and the skies, the limit.
My first year made almost$750,000.
Like, who does that?
Amazing right.
But I gave it away first proofof concept and so it was an
amazing build.

(15:28):
I'm so proud of it.
I am proud of where I am nowand everything else that I'm
building right now.
It let me know that I could doit right, because I know you see
me and you see me all confidentin everything now.

(15:49):
But I think we all go through.
I don't care how confident youfeel you are, how bold you feel
you are or how much you feel youknow, there's still sometimes
that little girl in you thatwants validation, that wants to
know that it's okay, that wantsto pat on the back and somebody

(16:10):
else to tell you that you didgood and it was good.
And so when I needed that too,and on the journey, I was like
who's going to listen to me?
Who's going to know me?
All of the doubt, all of thethinking, thinking, all of that
that I know that you've gonethrough yourself and you could

(16:32):
still be going through, but I'mhere to tell you if I can do it,
you can do it.
You can't.
Nobody do it like you.
There's only one, mary Can't.
Nobody do this like me.
Nobody talks like me, nobodylaughs like me, nobody does any

(16:53):
of that like me.
It's only one me.
As I like to say, I'm just Mary, just Mary, just Mary.
It is just me.
Okay, and so I had to gain theconfidence in what I knew, I
knew and what I knew I could do,and how I knew I could serve,

(17:14):
and that God put the seed in meto do this.
As I like to say, I'm made forthis and you are made for what
it is that you have to do.
So do the dog on thing, justget up and do it.
And that's how I built mybusiness Putting one foot in
front of the other.

(17:35):
Did I make all the rightdecisions?
No, I did not get everythingright.
I did not make all the rightdecisions.
I waited too late to make somedecisions, I missed out on some
opportunities.
All the wrong, all the wrongthings, anything that could have
gone wrong did go wrong.
It didn't matter, because mysuccess is still there.

(17:57):
We're still here, we're stillin business and more and more is
being developed and coming.
And so if you in this part ofyour life, if you think about
serving who you are to serve,whatever your customer or client

(18:20):
tell is if you do hair, do acouple of heads free so people
can see your work, take picturesof it, post it, people like wow
, and then here come yourcustomers.
If you can sew, if you dot-shirts, if you teach teach

(18:40):
something free, do a freewebinar, something to let people
know who you are and that youhave a voice and that you are an
expert in your own right andyou know what you're talking
about.
This ain't your first rodeo.
Get it done and watch yourbusiness flourish and shine.
And so, in simple form, I builtmy business through serving,

(19:05):
and that's how every businessshould be built, because if
you're in business just for you.
You're in business for the wrongreason.
The business that you'resupposed to be in is what God
called you to do, and he didn'tcall you for you.
He called you for that personthat is waiting on you, waiting

(19:31):
on your product, waiting on yourservice, waiting on you to get
your butt out your seat and walkinto your calling purpose.
It took me a minute to do it,but I did it and I'm glad I did,
and I'm here to share it allwith you.
So, yeah, it's amazing.

(19:54):
You see the smile on my face.
I hope you can see it.
It's a journey.
It's not always easy, but it'sso worth it.
And my freedom, the freedomthat I have, that's my result.
That's for me, the freedom tobe free.

(20:15):
My, my, my.
This is your girl, mary Boyd.
Business, business, business.
I love it, I love you and Iwant to do business with you.
Come on, let's get it done.
I love you.
Ain't nothing you can do aboutit.
Be blessed, live on purpose andlet's walk All right.

(20:36):
Divas, what an episode.
Did I hit you in the head withone of those bricks?
Did you go out?
Did you have the ducking cover?
I know you weren't runningaround the house checking for
cameras, looking under the bed,looking out the window to see if
I was watching, because I wasall in your business.

(20:56):
I was on your street and inyour lane.
It's okay, though.
It lets you know that you'renot alone.
I hope that something that youheard resonated with you and, as
a result, you are starting toreposition your mind so you can
have the life that you want tolive Now.

(21:19):
That's not all I have for you,guys.
Not just what was in thepodcast, but now I want to give
you a gift.
Go to wwwstopdrowningandwincom.
Wwwstopdrowningandwincom.
To receive the seven stepsevery Black woman must take this

(21:40):
year to break free and live herdreams once and for all.
You will also have anopportunity to connect with our
community.
Again, you are not alone.
The work is just beginning.
Are you ready?
Let's walk.
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