Welcome to another enlightening clip of EYL! Today, we dive deep into the crucial topic of estate planning with our esteemed guests, Melanin Money, Carter Cofield, and George Acheampong Jr., guided by our hosts Ian Dunlap and Rashad Bilal. Understanding the difference between a trust and a will can be overwhelming, but it's essential for effective estate management and wealth preservation.
*Key Highlights:*
0:00 - *Episode Introduction*
0:17 - *Unpacking Wills and Trusts*
1:57 - *Revocable vs. Irrevocable Trusts*
4:33 - *Real-life Examples and Tax Implications*
5:16 - *Life Insurance and Family Wealth*
6:44 - *The Importance of Disability Insurance*
9:26 - *Business Partnerships and Insurance*
10:15 - *Structuring Business for Tax Efficiency*
This clip is filled with invaluable insights, practical advice, and real-life examples that can guide you in making informed decisions about estate planning, whether for personal or business needs. Don't miss out on this opportunity to learn from the experts and ensure that you and your loved ones are financially secure for generations to come.
---
*🔔 Don't forget to like, subscribe, and hit the notification bell to stay updated with our latest episodes!*
#EstatePlanning #TrustsVsWills #GenerationalWealth #FinancialFreedom #EYL #MelaninMoney
In this week's episode of *Earn Your Leisure*, we sit down with entrepreneur David Shands to break down the journey from a 9-to-5 employee to a 6-figure entrepreneur. David shares insights on what it takes to make six figures, defining it as earning between $100,000 and $999,000 annually and examining the difference between gross income and net income.
We dive into the essentials of launching a successful business, covering **Product, Price, and Promotion**:
**Product**: Whether you're offering a tangible product or a service, it should be easy to produce, deliver, and pay for. More importantly, it must solve a real problem for customers, going beyond just being a good idea.
**Price**: Set a price that provides at least three times the perceived value. Through effective storytelling, position your price at a level that feels comfortable for you, and consider recurring revenue models to reach your income goals.
**Promotion**: Gain visibility through hustle or leverage. From social media strategies to email and text marketing, discover ways to expand your reach and share your offerings with a larger audience.
Don’t miss this comprehensive guide on how to escape the 9-to-5 and start building a business that brings financial freedom!
#EarnYourLeisure #DavidShands #Entrepreneurship #SixFigures #9to5ToEntrepreneur #SmallBusiness #FinancialFreedom #ProductPricePromotion #BusinessGrowth #SideHustle #InvestInYourself
In this week’s episode of Market Mondays, we are thrilled to sit down with the U.S. Secretary of Education, Miguel Cardona. Join host Rashad Bilal as he dives deep into the pressing issues facing our education system today. This episode covers a broad range of vital topics, including the controversial debate around dismantling the Department of Education, the critical role of equity in education, and the systemic challenges impacting black and brown communities.
Secretary Cardona opens the discussion by addressing the potential consequences of dismantling the Department of Education, particularly for marginalized communities. He underscores the importance of the Department in ensuring equity and holding institutions accountable. "If the Department of Education is not doing their job to make sure that special education equity happens, racial equity happens, to make sure that public education is a right, not something that you pay for... we're going to have a system of the have and have nots," says Secretary Cardona.
Rashad and Secretary Cardona also delve into the complex structure of the U.S. education system. While Secretary Cardona shares his multifaceted experience—from being a principal to a state commissioner—he explains the federal role in distributing funds and enforcing civil rights laws. He elaborates on the challenges of ensuring educational equity across states and districts with varying resources and policies.
A particularly enlightening segment of the conversation centers around the concept of education reform—how to bridge the gap between schools in affluent communities and those in lower-income areas. Rashad probes the idea of overhauling the education system to be more centralized, questioning whether it could level the playing field for all students. Secretary Cardona responds thoughtfully, emphasizing the need for equity and local accountability while cautioning against the risks of federal overreach.
"I don't want the federal government telling every school system what to do... I want to make sure that I'm fighting for equity, for evolution, for outcomes of results," Secretary Cardona articulates, stressing the importance of maintaining a balance between oversight and local autonomy.
The episode also touches on hot-button issues like curriculum content and the politicization of education. Secretary Cardona warns of the dangers of removing critical historical narratives such as African American history and discriminating against students based on their sexual orientation. He calls for active engagement and vigilance from the public to uphold the values of equity and inclusion in the education system.
Finally, Secretary Cardona’s call to action is clear: "People got to get active, they got to get engaged, and they got to start speaking up for what they believe to be the values of this country." This episode is a must-watch for anyone passionate about the future of education and the fight for equitable and inclusive learning environments.
Don’t miss out on this insightful conversation! Make sure to like, comment, and subscribe for more impactful discussions on Market Mondays.
Hashtags:
#MarketMondays #Education #SecretaryCardona #PublicEducation #EquityInEducation #EducationReform #RacialEquity #CivilRights #AmericanRescuePlan #EducationalPolicy #InclusiveEducation
Welcome back to another insightful episode of Market Mondays! 💼 In this installment, Rashad Bilal and Ian Dunlap dive deep into eight dividend stocks that should be on your radar as we move through 2025. 🎯
Timestamps:
00:00 - Introduction
00:07 - Chevron: Worth the Investment?
01:04 - Verizon: A Reliable Choice?
01:43 - Pfizer: Potential for Growth?
02:30 - UPS: Long-Term Investment?
02:56 - T. Rowe Price: Underrated Gem?
03:35 - CVS: Past its Peak?
04:52 - Kraft Heinz: To Buy or Not to Buy?
05:51 - Sirius XM: Warren Buffett's Move?
Featured Stocks:
1. *Chevron (CVX)* 🌍💧
2. *Verizon (VZ)* 📶
3. *Pfizer (PFE)* 💊
4. *UPS (UPS)* 📦
5. *T. Rowe Price (TROW)* 📈
6. *CVS (CVS)* 🏥
7. *Kraft Heinz (KHC)* 🍔
8. *Sirius XM (SIRI)* 📻
Key Takeaways:
Join us as we dissect why these companies are worth a closer look and how to navigate the complexities of dividend investing in the current market climate. Whether you are a seasoned investor or just starting, Market Mondays has you covered with the insights you need to make informed decisions.
Don't forget to like, share, and subscribe for more weekly market insights! 📈🔔
Related Videos:
#MarketMondays #DividendStocks #Investing #StockMarket #FinancialFreedom #Chevron #Verizon #Pfizer #UPS #TRowePrice #CVS #KraftHeinz #SiriusXM #WarrenBuffett #InvestSmart #StockTips
Tune in to level up your investing game! 🌟
In this episode of Earn Your Leisure, we sit down with Carter Cofield and George Acheampong Jr. from Melanin Money to explore crucial financial topics and wealth-building strategies that directly impact the Black community. They share insights into why financial literacy has historically been neglected in Black culture, highlighting the importance of education in creating lasting change.
Melanin Money's mission is to close the wealth gap by $100 billion, with a focus on helping 1,000 people of color achieve financial success. They dive into how the IRS has designed the tax code to benefit entrepreneurs and investors, offering strategies that can be leveraged to maximize wealth and minimize taxes. Financial freedom, they argue, should always be the ultimate goal.
We also discuss the tax limitations of traditional partnerships and why life insurance is an underrated strategy to close the wealth gap. Carter and George explain the importance of buy-sell agreements for business partners and outline the key differences between a will and a trust fund when planning for the future.
The conversation touches on the fundamentals of building wealth, with an emphasis on passing down not just money but also a positive mindset, which can have a far greater impact on future generations. They offer actionable advice on how to invest for your child’s future, ensuring that they have a strong financial foundation.
For financial advisors, Carter and George provide tips on staying compliant on social media while building your brand. They also explain how to convert $36,000 from a 529 plan into a Roth IRA, as well as investment strategies that anyone can use to get ahead in today’s market.
We explore the differences between revocable and irrevocable trusts, offering clarity on how these tools can be used in estate planning. Additionally, they share powerful tips on how to write off $1 million in your business and, perhaps most importantly, how to get a tax deduction while making sure your child has six figures by the time they turn 18.
Tune in to this insightful episode and learn how to secure your financial future while closing the wealth gap!
#FinancialFreedom #MelaninMoney #WealthBuilding #TaxStrategies #GenerationalWealth #LifeInsurance #Investing #Entrepreneurship #TrustFund #529Plan #RothIRA #FinancialAdvisor #WealthGap #earnyourleisure
Melanin Money Freebie link:
https://cofieldspeaks.clickfunnels.com/optin-598929031726630282598