August 27, 2025 • 12 mins
In this powerful Market Mondays clip, Rashad Bilal sits down with serial entrepreneur and investor Cedric Nash to dive deep into a topic that’s rarely discussed honestly: the journey of building—and keeping—wealth after a divorce.
Cedric gets real about the financial and emotional challenges that come with divorce. He opens up about his own experiences—navigating two divorces while managing a business, overcoming half a million dollars in debt, and making hard choices that ultimately safeguarded his financial future. Cedric shares the crucial steps he took, including adopting a frugal mindset, focusing on income, and holding onto income-generating investments, even when things seemed bleak.
This clip also tackles the tricky topic of prenups. Cedric explains the lessons he learned from having (and not having) a prenup, how the process can affect relationships, and the importance of protecting generational wealth for your children. He breaks down how assets were divided, why he made key decisions, and what others should consider before tying the knot or going through a separation.
Whether you're an entrepreneur worried about business assets, a professional facing a major life reset, or just interested in smart wealth moves, Cedric’s candid advice is a must-hear.
*Key topics in this clip include:*
- Strategies for financial survival and comeback post-divorce
- The real impact of divorce on your net worth and mental resilience
- Why holding onto investments (like real estate) matters
- Insider advice on prenups—what they do, how they’re perceived, and the potential relationship impact
- Creating security for your kids and protecting your generational wealth
Cedric’s story is a powerful reminder that setbacks don’t have to define your destiny. With the right mindset and moves, tough times can actually set the stage for a major comeback.
If you’ve ever wondered how to bounce back financially—or protect your assets before things get complicated—don’t miss this insightful Market Mondays clip!
---
*Like, comment, and subscribe for more real conversations on wealth, money, and life.*
#MarketMondays #WealthBuilding #DivorceAndMoney #CedricNash #Prenup #FinancialFreedom #GenerationalWealth #MoneyMatters
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Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
This episode is brought to you by P and C Bank.
A lot of people think podcasts about work are boring,
and sure they definitely can be, but understanding a professionals
routine shows us how they achieve their success little by little,
day after day. It's like banking with P and C Bank.
It might seem boring to safe plan and make calculated
(00:21):
decisions with your bank, but keeping your money boring is
what helps you live or more happily fulfilled life. P
and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly
Boring since eighteen sixty five is a service mark of
the PNC Financial Service Group, Inc. P and C Bank
National Association Member FDIC erness What's Up? You ever walk
(00:45):
into a small business and everything just works like the
checkout is fast, the receipts are digital, tipping is a breeze,
and you're out the door before the line even builds.
Odds are they're using Square? We love supporting business that
run on Square because it just feels seamless. Whether it's
a local coffee shop, a vendor at a pop up market,
(01:06):
or even one of our merch partners. Square makes it
easy for them to take payments, manage inventory, and run
their business with confidence, all from one simple system. If
you're a business owner or even just thinking about launching
something soon, Square is hands down one of the best
tools out there to help you start, run and grow.
It's not just about payments, it's about giving you time
(01:29):
back so you can focus on what matters most ready.
To see how Square can transform your business, visit Square
dot com backslash, go backslash eyl to learn more that
Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.
Let's Square handle the back end so you can keep
pushing your vision forward.
Speaker 2 (01:51):
So let me ask you this switching gears huh. But
also important conversation when it comes to wealth. I know,
you know in your life everybody has challenges. You went
through a divorce. Oh yeah, so talk about how you
can navigate keeping your wealth after a divorce.
Speaker 3 (02:09):
I love that, you know, And uh ra shad, that's
a book I actually want to write. It's I kind
of become a millionaire after divorce because you know, divorce
wipes out people financially. It's a complete reset. And you
know I went through a divorce. You know kind of
at a worse time, at a worse time when you know,
my business was in two thousand and two, two thousand
and three was the big dot com bust, and I
(02:30):
was into consulting big. I used to work for Delitten,
Ernst and Young and I and I was on my
own at that time, and clients didn't want to see
a consultant after Y two K. They're like, we're tired
of spending all this money on advice. And you know,
Y two K wasn't as big as it was, and
the dot com isn't as big as it was supposed
to be. So business was tough. I mean two thousand
(02:52):
and two, two thousand and three and I was in
red ink, and that was the same time my ex wife,
my son's mothers, and I decide to go our separate ways,
and I was left for the half a million dollars
in debt from UH with Wills Argle Bank. My line
of credit was called because I was using my line
of credit to keep the business afloat. And so, you know,
(03:13):
so if you're getting a situation you find yourself getting divorced,
I think the first thing that you have to really
do is kind of focus on your offense, focus on
keeping your income strong, focus on your skills. And then
also you have to be steady about what you do
with your money because now you have less money to do.
And for me, I had to stop paying for my
(03:33):
son's college funds, you know, for a few years until
I resorted out my finances right. And my divorce you know,
caused me to sell my big house in Oakland Hills
and pretty much give her all the proceeds. But I
kept my apartment buildings. So if you have multiple assets
in your family, what I did with my ex wife,
I was like, okay, we've got this, we have this
(03:54):
equity in our house. I'm buying out my apartment buildings,
the ones I had in Jersey City back in two
thousand and three and in DC, right, So I bought
her out of those and held onto those, and there
was a year where I could even pay myself. So
people think I got a job and I get a divorce,
and that's bad, But think about being an entrepreneur getting
(04:17):
a divorce, having to split up half of your assets
and having to pay alimony and child support and trying
to figure out your life moving forward. But what was
really helpful Joy is about, was the fact that I
kept a frugal mindset and I was really responsible in
doing what I was supposed to do to my ex
wife and my kids. So I kept a frugal mindset
(04:39):
and I just went low to the ground.
Speaker 1 (04:40):
Man.
Speaker 3 (04:40):
People wouldn't have known it, but I was not spending
money on clothes. I wasn't spending money on anything. But
I held on to my investments, and in fact, I
figured out a way to convest more because I had assets.
So my advice to people going through that is to
develop this frugal mindset. You'll lay low and keep moving forward,
keep investing your way, and in time you'll see your
(05:04):
way out of it. And so and so that's really
really key. And one of the things, like I said,
that work for me was buying real estate in Jersey
City in two thousand and three. And if you guys
live in New York and know what's happening with Jersey City,
it's exploded, booming, it's booting, it's booming. So it's a
matter of basically, make sure you take care of your responsibility,
make sure you do what you have to do, continue
(05:25):
to invest, continue to work on your income, and you'll
dig your way out of it. But too many people
look at divorces saying I don't want to make no
more money because if I do, she's going to hit
me up for more child support. I'm like, don't punk out.
Just you be responsible, do what you have to do.
But get busy in your offense, Get busy building up
your income and continue to invest. And although it may
(05:48):
not feel like this, ten, fifteen, twenty years down the road,
like Steve Jobs connecting the dots looking forward, you'll see
that it worked out. My three boys graduated college, one
of them got as NBA and finance know, we have
a great relationship. My net worth is gone up probably,
you know, probably fifteen twenty times since then because I
didn't give up. And that's really what it's all about
(06:12):
about the pre nu Oh yeah, well yeah, I hate
to air my dirty laundry. But I've been married twice.
But anyway, so the first time I didn't have to
got divorced twice. I got divorced twice. That's the book.
That's the next book. Yeah, I've been divorced twice, you know,
which is interesting Rashad because my second wife, her and
(06:35):
I were really still good friends. She worked at my
company for a lot of years. She's a lawyer. And
what was interesting about is that we came into the
into the marriage unequally financially yield, which was challenging. Right,
my net worth is here. She was, you know, she
was about ten years younger than me, and.
Speaker 1 (06:52):
She can you raise your hand a little high and
went under the screen.
Speaker 3 (06:58):
My net worth was here and hers was down here.
So in the prenup, you know which that started. That
set the relationship off the wrong foot, right, Huh.
Speaker 1 (07:10):
The prenup bore the imbalance in.
Speaker 3 (07:11):
The prenup, which it often does, even though women say, well,
I'll gladly signed a prenup, that's no problem. Okay, Well,
I didn't really know what a prenup was. A lot
of people don't know what it really is. So I
went and hired an attorney through my recommendations, and my
attorney was putting my prenup together and we were getting
(07:31):
married and he was running behind on getting it done,
so it was kind of forcing some pressure there. So
by the time he delivered the prenup and her attorney
reviewed it, she was like, she felt like she really
couldn't trust me anymore. She already had doubts anyway, but
she really felt like she couldn't trust me. Because what
a prenup is is when you get married, there are
(07:54):
inalienable rights to a marriage that the state gives you right.
And so when you get a prenup, what it's saying is,
I'm waving my right to this, his income, I'm waving
my rights to this, his assets. I'm waving my rights
to all these things. And you're like, wait a minute,
it feels awkward. It's like I have a right for that,
and then now I'm giving it away. So a lot
(08:17):
of people it kind of blows their mind. Even though
there are concessions that says, well, if we got a
divorced by this time, you would get this, but hey,
you're a lawyer, you make good money. It's like, you know,
and you have a child and I got three boys.
So it was very, very difficult. And the moment that
we signed it, which was like it was supposed to
not be through duress, but it ended up being kind
(08:39):
of through dress because she waited until last minute right
before we got married. It just put the marriage on
the wrong foot. So after dating for ten years and
being married for five years, we ended up calling it
quits and my prenup, you know, it held. And so
what's interesting is about the prenup is like a lot
of people say they want until they read it and
(09:01):
their lawyers give them feedback, and it's difficult.
Speaker 4 (09:03):
Then her lawyer wanted to go right, her lawyer wanted
to write my prenup. After that, she was like, oh no,
let me rewrite it. I was like, no, you can't
write a prenup to protect my assets, right, yeah, I'm
not going to go for that. So it's very complicated
and a lot of people struggle with that notion. But
look at it this way.
Speaker 3 (09:23):
I don't know if you can. I mean, I know
you guys have a one son or kid, and I
know Troy you have two or three kids. I was thinking, like,
I can't get a divorce you have two kids. Okay,
I'm sorry, list we married right right too. But the
whole point is like if I got a divorce to
my second wife and I because I had a will too,
(09:47):
because if I died, she was I was going to
give her twenty five percent of my assets. The other
seventy five percent was going to my son's. But if
I died and my assets went to her without a prenup,
then and my sons could have had a situation where
she wouldn't have paid for their college. My sons could
have been in a situation where they've got nothing. So
(10:08):
my rationale for a prenup was, you know, my sons
are everything to me. There's no in the word I'm
gonna work this hard and not like my dad say,
have them start from my shoulders, yep, not from the ground.
So I needed to make sure that they were taken
care of, and that was the crux of the peanup.
What's interesting is there's three sides of her peanup. There's
(10:31):
my I'm make sure my hands on the camera. There's
my assets, her assets and hours. And so how it
goes is my assets could continue to grow, right, and
I would still own them as long as they were
they were they were titled to me. And then her
assets would do the same thing, right, she had a
condo that would continue to grow. But if we titled
(10:52):
assets together, that's what we would split, and that's how
it was written. So we never really had any assets together.
So therefore we got a divorce. I kept my assets,
she kept hers, and I entered the concession part of
my prina. But it's an interesting thing, and it really
(11:12):
sometimes damages relationships because people start looking at you like
do you trust me or whatever. We end up divorce,
we end up good friends. She stayed in my company
for a lot of years. She's now a tech lawyer
for major government contracting businesses because she worked in my business.
And I raised her daughter like my daughter. So it's like,
(11:34):
you know, it's all good, but that's the challenge.
Speaker 5 (11:37):
An illegal alien from Guatemala charged with raping a child
in Massachusetts. An MS thirteen gang member from El Salvador
accused of murdering a Texas man of Venezuelan charged with
filming and selling child pornography in Michigan. These are just
some of the heinous migrant criminals caught because of President
Donald J. Trump's leadership. I'm Christine Noman, the United State
(12:00):
Secretary of Homeland Security. Under President Trump, attempted illegal border
crossings are at the lowest levels ever recorded, and over
one hundred thousand illegal aliens have been arrested. If you
are here illegally, your next you will be fine. Nearly
one thousand dollars a day imprisoned and deported, you will
never return. But if you register using our CBP home
(12:23):
app and leave now, you could be allowed to return legally.
Do what's right. Leave now. Under President Trump America's laws,
border and families will be protected.
Speaker 1 (12:34):
Sponsored by the United States Department of Homeland Security,
This episode is brought to you by P and C Bank.
A lot of people think podcasts about work are boring,
and sure they definitely can be, but understanding a professionals
routine shows us how they achieve their success little by little,
day after day. It's like banking with P and C Bank.
It might seem boring to safe plan and make calculated
(00:21):
decisions with your bank, but keeping your money boring is
what helps you live or more happily fulfilled life. P
and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly
Boring since eighteen sixty five is a service mark of
the PNC Financial Service Group, Inc. P and C Bank
National Association Member FDIC erness What's Up? You ever walk
(00:45):
into a small business and everything just works like the
checkout is fast, the receipts are digital, tipping is a breeze,
and you're out the door before the line even builds.
Odds are they're using Square? We love supporting business that
run on Square because it just feels seamless. Whether it's
a local coffee shop, a vendor at a pop up market,
(01:06):
or even one of our merch partners. Square makes it
easy for them to take payments, manage inventory, and run
their business with confidence, all from one simple system. If
you're a business owner or even just thinking about launching
something soon, Square is hands down one of the best
tools out there to help you start, run and grow.
It's not just about payments, it's about giving you time
(01:29):
back so you can focus on what matters most ready.
To see how Square can transform your business, visit Square
dot com backslash, go backslash eyl to learn more that
Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.
Let's Square handle the back end so you can keep
pushing your vision forward.
Speaker 2 (01:51):
So let me ask you this switching gears huh. But
also important conversation when it comes to wealth. I know,
you know in your life everybody has challenges. You went
through a divorce. Oh yeah, so talk about how you
can navigate keeping your wealth after a divorce.
Speaker 3 (02:09):
I love that, you know, And uh ra shad, that's
a book I actually want to write. It's I kind
of become a millionaire after divorce because you know, divorce
wipes out people financially. It's a complete reset. And you
know I went through a divorce. You know kind of
at a worse time, at a worse time when you know,
my business was in two thousand and two, two thousand
and three was the big dot com bust, and I
(02:30):
was into consulting big. I used to work for Delitten,
Ernst and Young and I and I was on my
own at that time, and clients didn't want to see
a consultant after Y two K. They're like, we're tired
of spending all this money on advice. And you know,
Y two K wasn't as big as it was, and
the dot com isn't as big as it was supposed
to be. So business was tough. I mean two thousand
(02:52):
and two, two thousand and three and I was in
red ink, and that was the same time my ex wife,
my son's mothers, and I decide to go our separate ways,
and I was left for the half a million dollars
in debt from UH with Wills Argle Bank. My line
of credit was called because I was using my line
of credit to keep the business afloat. And so, you know,
(03:13):
so if you're getting a situation you find yourself getting divorced,
I think the first thing that you have to really
do is kind of focus on your offense, focus on
keeping your income strong, focus on your skills. And then
also you have to be steady about what you do
with your money because now you have less money to do.
And for me, I had to stop paying for my
(03:33):
son's college funds, you know, for a few years until
I resorted out my finances right. And my divorce you know,
caused me to sell my big house in Oakland Hills
and pretty much give her all the proceeds. But I
kept my apartment buildings. So if you have multiple assets
in your family, what I did with my ex wife,
I was like, okay, we've got this, we have this
(03:54):
equity in our house. I'm buying out my apartment buildings,
the ones I had in Jersey City back in two
thousand and three and in DC, right, So I bought
her out of those and held onto those, and there
was a year where I could even pay myself. So
people think I got a job and I get a divorce,
and that's bad, But think about being an entrepreneur getting
(04:17):
a divorce, having to split up half of your assets
and having to pay alimony and child support and trying
to figure out your life moving forward. But what was
really helpful Joy is about, was the fact that I
kept a frugal mindset and I was really responsible in
doing what I was supposed to do to my ex
wife and my kids. So I kept a frugal mindset
(04:39):
and I just went low to the ground.
Speaker 1 (04:40):
Man.
Speaker 3 (04:40):
People wouldn't have known it, but I was not spending
money on clothes. I wasn't spending money on anything. But
I held on to my investments, and in fact, I
figured out a way to convest more because I had assets.
So my advice to people going through that is to
develop this frugal mindset. You'll lay low and keep moving forward,
keep investing your way, and in time you'll see your
(05:04):
way out of it. And so and so that's really
really key. And one of the things, like I said,
that work for me was buying real estate in Jersey
City in two thousand and three. And if you guys
live in New York and know what's happening with Jersey City,
it's exploded, booming, it's booting, it's booming. So it's a
matter of basically, make sure you take care of your responsibility,
make sure you do what you have to do, continue
(05:25):
to invest, continue to work on your income, and you'll
dig your way out of it. But too many people
look at divorces saying I don't want to make no
more money because if I do, she's going to hit
me up for more child support. I'm like, don't punk out.
Just you be responsible, do what you have to do.
But get busy in your offense, Get busy building up
your income and continue to invest. And although it may
(05:48):
not feel like this, ten, fifteen, twenty years down the road,
like Steve Jobs connecting the dots looking forward, you'll see
that it worked out. My three boys graduated college, one
of them got as NBA and finance know, we have
a great relationship. My net worth is gone up probably,
you know, probably fifteen twenty times since then because I
didn't give up. And that's really what it's all about
(06:12):
about the pre nu Oh yeah, well yeah, I hate
to air my dirty laundry. But I've been married twice.
But anyway, so the first time I didn't have to
got divorced twice. I got divorced twice. That's the book.
That's the next book. Yeah, I've been divorced twice, you know,
which is interesting Rashad because my second wife, her and
(06:35):
I were really still good friends. She worked at my
company for a lot of years. She's a lawyer. And
what was interesting about is that we came into the
into the marriage unequally financially yield, which was challenging. Right,
my net worth is here. She was, you know, she
was about ten years younger than me, and.
Speaker 1 (06:52):
She can you raise your hand a little high and
went under the screen.
Speaker 3 (06:58):
My net worth was here and hers was down here.
So in the prenup, you know which that started. That
set the relationship off the wrong foot, right, Huh.
Speaker 1 (07:10):
The prenup bore the imbalance in.
Speaker 3 (07:11):
The prenup, which it often does, even though women say, well,
I'll gladly signed a prenup, that's no problem. Okay, Well,
I didn't really know what a prenup was. A lot
of people don't know what it really is. So I
went and hired an attorney through my recommendations, and my
attorney was putting my prenup together and we were getting
(07:31):
married and he was running behind on getting it done,
so it was kind of forcing some pressure there. So
by the time he delivered the prenup and her attorney
reviewed it, she was like, she felt like she really
couldn't trust me anymore. She already had doubts anyway, but
she really felt like she couldn't trust me. Because what
a prenup is is when you get married, there are
(07:54):
inalienable rights to a marriage that the state gives you right.
And so when you get a prenup, what it's saying is,
I'm waving my right to this, his income, I'm waving
my rights to this, his assets. I'm waving my rights
to all these things. And you're like, wait a minute,
it feels awkward. It's like I have a right for that,
and then now I'm giving it away. So a lot
(08:17):
of people it kind of blows their mind. Even though
there are concessions that says, well, if we got a
divorced by this time, you would get this, but hey,
you're a lawyer, you make good money. It's like, you know,
and you have a child and I got three boys.
So it was very, very difficult. And the moment that
we signed it, which was like it was supposed to
not be through duress, but it ended up being kind
(08:39):
of through dress because she waited until last minute right
before we got married. It just put the marriage on
the wrong foot. So after dating for ten years and
being married for five years, we ended up calling it
quits and my prenup, you know, it held. And so
what's interesting is about the prenup is like a lot
of people say they want until they read it and
(09:01):
their lawyers give them feedback, and it's difficult.
Speaker 4 (09:03):
Then her lawyer wanted to go right, her lawyer wanted
to write my prenup. After that, she was like, oh no,
let me rewrite it. I was like, no, you can't
write a prenup to protect my assets, right, yeah, I'm
not going to go for that. So it's very complicated
and a lot of people struggle with that notion. But
look at it this way.
Speaker 3 (09:23):
I don't know if you can. I mean, I know
you guys have a one son or kid, and I
know Troy you have two or three kids. I was thinking, like,
I can't get a divorce you have two kids. Okay,
I'm sorry, list we married right right too. But the
whole point is like if I got a divorce to
my second wife and I because I had a will too,
(09:47):
because if I died, she was I was going to
give her twenty five percent of my assets. The other
seventy five percent was going to my son's. But if
I died and my assets went to her without a prenup,
then and my sons could have had a situation where
she wouldn't have paid for their college. My sons could
have been in a situation where they've got nothing. So
(10:08):
my rationale for a prenup was, you know, my sons
are everything to me. There's no in the word I'm
gonna work this hard and not like my dad say,
have them start from my shoulders, yep, not from the ground.
So I needed to make sure that they were taken
care of, and that was the crux of the peanup.
What's interesting is there's three sides of her peanup. There's
(10:31):
my I'm make sure my hands on the camera. There's
my assets, her assets and hours. And so how it
goes is my assets could continue to grow, right, and
I would still own them as long as they were
they were they were titled to me. And then her
assets would do the same thing, right, she had a
condo that would continue to grow. But if we titled
(10:52):
assets together, that's what we would split, and that's how
it was written. So we never really had any assets together.
So therefore we got a divorce. I kept my assets,
she kept hers, and I entered the concession part of
my prina. But it's an interesting thing, and it really
(11:12):
sometimes damages relationships because people start looking at you like
do you trust me or whatever. We end up divorce,
we end up good friends. She stayed in my company
for a lot of years. She's now a tech lawyer
for major government contracting businesses because she worked in my business.
And I raised her daughter like my daughter. So it's like,
(11:34):
you know, it's all good, but that's the challenge.
Speaker 5 (11:37):
An illegal alien from Guatemala charged with raping a child
in Massachusetts. An MS thirteen gang member from El Salvador
accused of murdering a Texas man of Venezuelan charged with
filming and selling child pornography in Michigan. These are just
some of the heinous migrant criminals caught because of President
Donald J. Trump's leadership. I'm Christine Noman, the United State
(12:00):
Secretary of Homeland Security. Under President Trump, attempted illegal border
crossings are at the lowest levels ever recorded, and over
one hundred thousand illegal aliens have been arrested. If you
are here illegally, your next you will be fine. Nearly
one thousand dollars a day imprisoned and deported, you will
never return. But if you register using our CBP home
(12:23):
app and leave now, you could be allowed to return legally.
Do what's right. Leave now. Under President Trump America's laws,
border and families will be protected.
Speaker 1 (12:34):
Sponsored by the United States Department of Homeland Security,
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If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Cardiac Cowboys
The heart was always off-limits to surgeons. Cutting into it spelled instant death for the patient. That is, until a ragtag group of doctors scattered across the Midwest and Texas decided to throw out the rule book. Working in makeshift laboratories and home garages, using medical devices made from scavenged machine parts and beer tubes, these men and women invented the field of open heart surgery. Odds are, someone you know is alive because of them. So why has history left them behind? Presented by Chris Pine, CARDIAC COWBOYS tells the gripping true story behind the birth of heart surgery, and the young, Greatest Generation doctors who made it happen. For years, they competed and feuded, racing to be the first, the best, and the most prolific. Some appeared on the cover of Time Magazine, operated on kings and advised presidents. Others ended up disgraced, penniless, and convicted of felonies. Together, they ignited a revolution in medicine, and changed the world.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.