Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Pastor Dexter Jenkins.

Purpose of the Interview

The interview aimed to educate and inspire listeners about wealth creation through real estate and financial literacy, particularly for individuals over 50. Pastor Jenkins shared strategies for building generational wealth, shifting mindsets about money, and leveraging real estate as a primary tool for financial independence.

Key Takeaways

1. Intersection of Faith, Finance, and Business
   Pastor Jenkins emphasizes that faith and financial success are not mutually exclusive. He advocates using biblical principles as a success manual, especially from Proverbs.

2. Real Estate as “Low-Hanging Fruit” for Wealth
   Real estate is one of the simplest and most effective ways to build wealth because land is finite and historically valuable.

3. Mindset Over Money
   Wealth building starts with changing beliefs about money. Many misconceptions learned in childhood or church need to be unlearned.

4. Refire, Don’t Retire
   For those over 50, Jenkins encourages leveraging life experience to create new income streams instead of slowing down.

5. Social Security Reality Check
   The average Social Security check (~$1,400/month) is insufficient for most Americans, highlighting the need for personal wealth strategies.

6. The SHIP Method

   • Stewardship: Direct your money intentionally.
   • Ownership: Own assets that appreciate and generate cash flow.
   • Entrepreneurship: Consider business ownership as a wealth-building tool.

7. Education Before Action
   Start with learning—books, podcasts, seminars—before diving into real estate or other ventures.

8. Community Wealth Building
   Jenkins supports initiatives like “buying back the block” to revitalize neighborhoods and build collective wealth.

9. Secrets to Success
   Desire, planning, education, and execution are essential. Dreams without plans remain dreams.

10. Upcoming Resources
    Jenkins is releasing a book: The Real Estate Wealth Creation Blueprint, offering practical steps for using real estate to build wealth.

Notable Quotes

• “Real estate is the lowest hanging fruit on the wealth creation tree.”
• “People came here to work the land—now it’s time for us to own it.”
• “It’s not time to retire; it’s time to refire.”
• “Social Security was designed for a different era. You can’t live on $1,400 a month in America.”
• “The Bible is more than religion—it’s a success manual.”
• “If you don’t have a desire for wealth, we can talk all day and nothing will change.”
• “Stewardship, Ownership, Entrepreneurship—those are the pillars of wealth.”

#SHMS #STRAW #BEST

See omnystudio.com/listener for privacy information.

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

A certified financial planner and author of Women and Wealth.

1. Guest Introduction: Cary Carbonaro

• Certified Financial Planner with 25+ years of experience.
• Leads a multimillion-dollar financial planning practice.
• Focuses on empowering women and increasing financial literacy.
• Promoting her second book: Women and Wealth.

2. Why Cary Wrote the Book

• To share her 25 years of experience working with women.
• To address the lack of female-friendly practices in the financial industry.
• Key stat:

“By 2030, women will control two-thirds of the nation’s wealth—$30 trillion.”

4. Challenges in the Financial Industry

• Industry built by men, for men.
• Not ready for the shift in wealth ownership to women.
• Harvard Business Review (2009):

“Financial services is the least sympathetic to women and has the most to gain if they get it right.”

5. Financial Planning Philosophy

• Everyone deserves a financial plan.
• Quote:

“If you fail to plan, you plan to fail.”

• Financial planning includes:
  • Risk management
  • Cash flow
  • Tax strategy
  • Investments
  • Retirement
  • Estate planning

6. Making the Industry Female-Friendly

• Women often leave their financial advisors after a spouse dies (80% of the time).
• Reasons: lack of connection, poor communication, feeling ignored.
• Not a DEI issue, but a dollars and cents issue:

“What other industry would ignore a $30 trillion opportunity?”

7. Stereotypes and Societal Expectations

• Women face pressure to look attractive in professional settings.
• Stereotypes persist in media and even in AI-generated images.
• Example: AI generated a man when asked for an image of a financial planner with long hair.

8. Cary’s Personal Journey

• Inspired by her father, a JPMorgan Chase executive.
• Grew up learning about money and finance.
• Built her business by focusing on women, not traditional male-dominated marketing.
• Quote:

“Money equals power, and women need more of both.”

9. The Wealth Gap

• Beyond the wage gap, the wealth gap is driven by caregiving responsibilities.
• Termed the “good daughter/spouse penalty.”
• Lifetime cost to women: $1 million.

10. Call to Action

• Women should seek financial literacy and independence.
• Encourage planning before crisis hits.
• Quote:

“Wealth gives you choices in life.”

📌 Key Quotes & Highlights

• “If you don’t start dreaming about what you want today, you will not get it tomorrow.”
• “By 2030, women will control $30 trillion in wealth.”
• “The industry was built by men, for men. But the clients are changing.”
• “Money equals power, and women need more of both.”
• “The wealth gap is generated by caregiving responsibilities, costing women $1 million over a lifetime.”
• “Everyone deserves a financial plan.”

#SHMS #STRAW #BEST

See omnystudio.com/listener for privacy information.