Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Dr. Joaquin Wallace.

🎯 Purpose of the Interview

To explore Dr. Wallace’s groundbreaking work in financial literacy, particularly his concept of the “financial genetic code”, and to promote his book Generational Wealth Begins with Generational Knowledge. The interview aims to empower marginalized communities with tools for financial healing, literacy, and long-term wealth building.

🗝️ Key Takeaways 1. Background & Recognition

• Dr. Wallace is a recipient of the Wells Fargo Living History Makers Award.
• Featured in the Contemporary Black Biography series.
• Former college basketball coach and educator with a strong focus on discipline and mentorship.

2. Seven-Stage Generational Wealth Model

Outlined in his book, the model includes:

1. Internal/External Ecosystem – influences from family, community, and environment.
2. Financial Genetic Code – inherited financial narratives and behaviors.
3. Financial Healing – reprogramming harmful financial habits.
4. Financial Edification – literacy and inclusion.
5. Financial Well-being – stability and health.
6. Generational Knowledge – estate planning, insurance, long-term care.
7. Generational Wealth – successful transfer of assets.

“Without financial well-being, there is no generational wealth.”

3. Financial Genetic Code

• A trademarked concept by Dr. Wallace.
• Unlike DNA, it can be rewritten through education and therapy.
• Influenced by early experiences, family habits, and community norms.
• Examples include “scar tissue narratives” (trauma from past financial events).

4. Credit & Financial Literacy

• Credit score is critical but misunderstood.
• Utilization rate should be under 30%.
• Payment history and inquiries significantly affect scores.
• Many people are unaware of the difference between consumer scores and business scores.

5. Barriers to Financial Growth

• Lack of trust in financial systems due to past trauma.
• Misinformation passed down from family and community.
• Zip codes and overleveraging can impact loan approvals.
• Financial professionals may unknowingly transfer their own biases to clients.

6. Role of Financial Professionals

Dr. Wallace identifies five key roles:

• Financial Educator
• Financial Counselor
• Financial Therapist
• Financial Advisor
• Financial Planner

He emphasizes matching individuals with the right professional based on their needs and emotional readiness.

7. Book Insights

• Generational Wealth Begins with Generational Knowledge is an Amazon bestseller.
• Includes self-assessments after each chapter.
• Designed for both professionals and everyday readers.
• Encourages readers to identify their financial stage and take actionable steps.

💬 Notable Quotes

• “You are your credit score.”
• “Inherited financial narratives create encoded financial behaviors.”
• “Any answer sounds correct if you don’t ask the right question.”
• “Consistency creates consistent outcomes.”
• “Financial literacy is not the end-all—it’s just one piece of the puzzle.”
• “We do what we know. If we don’t know, we just continue to do.”

📌 Final Thoughts

Dr. Joaquin Wallace offers a transformative framework for understanding and improving financial behavior, especially in underserved communities. His concept of the financial genetic code bridges psychology, education, and economics, making financial wellness more accessible and actionable.

#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 Johnny Lynum.

🎯 Purpose of the Interview

To share Johnny Lynum’s journey from military service to becoming a successful real estate investor and wealth advisor, and to educate listeners on building generational wealth through real estate, financial literacy, and strategic investing.

🗝️ Key Takeaways 1. Military Background & Transition

• Johnny Lynum is a retired Lieutenant Colonel in the U.S. Air Force, with 20 years of service as a developmental engineer and intelligence officer.
• His military career provided discipline and structure, but his passion for entrepreneurship led him to real estate investing.

2. Real Estate Journey

• Started with a VA loan to buy his first property.
• Built a portfolio of 115 doors worth over \$10 million, primarily in Panama City, Florida and Montgomery, Alabama.
• Leveraged his knowledge and connections to invest remotely while living in Northern Virginia.

3. Investment Philosophy

• Real estate is a tangible, relatable investment.
• Emphasizes leverage—using other people’s money to control larger assets.
• Advocates for buying back time through passive income strategies tailored to different life stages (30s, 40s, 50s).
• Encourages strategic investing and not just chasing instant gratification.

4. Books & Education

• Author of:
  • Millionaire Real Estate Success Strategies: What They Forgot to Teach You in School
  • Upcoming: The Financial Security Blueprint – focuses on biblical principles, alternative investments, and building lasting wealth.
• Offers free downloads of his book via johnnylynam.com/newbook.

5. Faith & Legacy

• Strong emphasis on faith and service.
• Inspired by his mother’s legacy planning and life insurance setup for her grandchildren.
• Focused on building generational wealth and educating his children and others.

6. Tax-Smart Investing

• Discusses strategies like bonus depreciation, oil and gas investments, and self-directed IRAs to minimize tax liabilities.
• Encourages understanding the IRS tax code to identify government-incentivized investment areas.

7. Building a Brand

• Active on LinkedIn, YouTube Shorts, and Facebook.
• Partnered with LinkedIn to create real estate content.
• Promotes financial literacy and faith-based wealth building.

💬 Notable Quotes

• “I had to go from broke Johnny to woke Johnny.”
• “You don’t have to be an expert at everything, but you can be the leader in the room.”
• “My God is a God of abundance.”
• “Real estate became my vehicle and my pathway to building wealth.”
• “You’re a blessing to your blessing.” — on generational wealth.
• “Success leaves clues.”
• “You have to take that leap of faith and take that action.”

📌 Final Thoughts

Johnny Lynum’s story is a powerful example of how discipline, faith, and strategic action can transform lives. His journey from humble beginnings and military service to building a multimillion-dollar real estate empire is both inspiring and instructive. He emphasizes the importance of education, mentorship, and legacy, making this interview a masterclass in wealth creation and purposeful living.

#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 Crystal Hughes.

🎯 Purpose of the Interview

To spotlight Crystal Hughes’ entrepreneurial journey, her resilience through adversity, and her innovative contributions to the beauty industry and nonprofit work. The interview aims to inspire listeners by showing how personal challenges can fuel impactful ventures.

🗝️ Key Takeaways 1. Early Entrepreneurship & Adversity

• At age 21, Crystal opened her first wig and natural hair salon in a flea market.
• Shortly after, she was incarcerated for bank fraud—a decision she made out of desperation to fund her business dreams.
• She wrote a book titled Money and My Daughter while in prison, inspired by her experiences and authors like Wahida Clark.

2. Wig Capital Foundation

• Founded to donate medical wigs to cancer patients and others in need.
• Crystal collected and donated over 5,000 wigs in the first year.
• Partnered with beauty supply stores and hospitals (e.g., Howard University Hospital, MedStar).
• Schools helped refurbish wigs in exchange for community service hours.

3. Mobile Glam Squad

• A tech-driven initiative likened to “Uber for beauty services.”
• Connects licensed beauty professionals with clients, especially those who are immobile or in hospitals.
• Aims to provide group health insurance for stylists and expand to college campuses.

4. Personal Healing & Resilience

• Survived a serious car accident resulting in chronic pain.
• Opted out of surgery and explored “sexual healing” as a form of pain management.
• Worked in a Nevada brothel during recovery, combining physical therapy with alternative healing.

5. Land Development in Utah, Alabama

• Inherited one acre of land from her grandparents.
• Plans to build an adult living facility and raise funds through seasonal events like scavenger hunts.
• Noted signs of economic growth in the area (new gas station, dialysis center, Dollar General).

6. Use of Technology

• Embraced tech tools like ChatGPT for legal and business support.
• Shares tech resources with cosmetology students during marketing tours.

💬 Notable Quotes

• “I always wanted to have my own beauty supply store… I figured out a way to do it.”
• “I wasn’t the brains in the operation… but I knew I had to stay confident.”
• “Anything over $1,000, they had to kind of question it.”
• “I wrote my book in prison… it’s fiction based on true events.”
• “I didn’t want to lose myself… I had to figure out a way.”
• “You are a genius.” — a compliment she received from a mentor after promoting her nonprofit.
• “You can’t stop yourself sometimes… you don’t let the system stop you.” — Rushion McDonald on Crystal’s entrepreneurial spirit.

📌 Final Thoughts

Crystal Hughes’ story is one of resilience, reinvention, and resourcefulness. From incarceration to innovation, she has turned personal pain into purpose, creating platforms that empower others—especially women facing medical and financial challenges.

#SHMS #STRAW #BEST

See omnystudio.com/listener for privacy information.