Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Steve Selengut.

Also known as The Income Coach. Here's a detailed summary of the episode:

🎙️ Guest: Steve Selengut

• Veteran private investment manager with over 40 years of experience.
• Author of Retirement Money Secrets, his second book.
• Focuses on helping people achieve income independence through smart investing.
• Runs an educational income investing community.

📘 About the Book: Retirement Money Secrets

• Written as a conversational story about a couple on a river cruise who learn about a different approach to retirement investing.
• Emphasizes common sense financial strategies over complex jargon.
• Focuses on closed-end funds as a key investment tool.

💡 Key Concepts Discussed 🔒 Closed-End Funds (CEFs)

• One of the oldest investment vehicles, dating back to the 1800s.
• Structured as pass-through trusts that must return 95% of earnings to shareholders.
• Focused on income generation rather than capital appreciation.
• Can invest in stocks, bonds, mutual funds, and ETFs.

🔥 FIRE Movement

• Stands for Financial Independence, Retire Early.
• Steve aligns more with generating sustainable income than early retirement per se.

🎯 Income Independence

• The goal is to generate enough income from investments to replace employment income.
• Allows flexibility to retire, start a business, or pursue other passions.

🛡️ The Four Risk Minimizers

1. Quality: Invest only in what you understand and in companies with a proven track record.
2. Diversification: Spread investments across sectors, geographies, and management firms.
3. Income: Only invest in securities that pay dividends or interest.
4. Profit-Taking Discipline: Set target profits (e.g., 5%) and sell when reached, reinvesting gains.

💬 Common Sense Investing Tips

• Buy stocks in companies you use or understand (e.g., Home Depot, Apple, Chipotle).
• Use tools like Yahoo Finance or CEFConnect.com to research dividend history and fund performance.
• Avoid speculative or zero-income investments.
• Treat your portfolio like a retail store—sell when profitable and restock wisely.

🌐 Connect with Steve Selengut

• Available on Facebook and LinkedIn.
• Offers access to an educational investing community with 450+ members.
• Book includes full contact details and resources.

#SHMS #STRAW #BEST

Steve Harvey Morning Show Online: http://www.steveharveyfm.com/

See omnystudio.com/listener for privacy information.

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald, interviewed Attorney Ken Harris:

• Former NBA and NFL agent, attorney based in Charlotte, NC, and author of the novel Dark Trades.
• The novel explores an alternate history: What if the South had won the Civil War?

📚 Dark Trades – A Historical Fiction Novel

• Set in 2018 Baltimore, the book imagines a modern-day America where slavery still exists.
• Explores the resilience of the African-American community and the possibility of overcoming systemic oppression even in such a dystopian reality.
• Inspired by Harris’s advocacy work and mentorship under Magic Johnson.

💼 Financial Literacy & Athletes

• Harris discusses the financial pitfalls many professional athletes face.
• Emphasizes the need for:
  • Financial education
  • Qualified advisors (attorneys, accountants, conservative investment advisors)
  • Early planning, especially with the rise of NIL (Name, Image, Likeness) deals for younger athletes.

• Praises their business acumen, humility, and attention to detail.
• Reveals Magic Johnson’s photographic memory and deep involvement in business operations (e.g., popcorn sales at his theaters, menu items at Starbucks).

🎧 Closing Thoughts

• The episode is a blend of historical reflection, financial advice, and personal stories from influential Black leaders.
• Rashawn McDonald encourages listeners to lead with their gifts and learn from the experiences shared.

#SHMS #STRAW #BEST

Steve Harvey Morning Show Online: http://www.steveharveyfm.com/

See omnystudio.com/listener for privacy information.

Steve Harvey Morning Show Online: http://www.steveharveyfm.com/

See omnystudio.com/listener for privacy information.