Best of The Steve Harvey Morning Show podcast

Financial Uplift: He also outlines six habits that keep people broke and three foundational rules for financial freedom.

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Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Dr. George C. Fraser.

A renowned networking expert and CEO of FraserNet. Here's a breakdown of the key insights and themes:

🔑 Key Highlights & Takeaways 🧠 Financial Wisdom & Wealth Building

Dr. Fraser shares three foundational rules for financial freedom:

  1. Rent/Mortgage ≤ Weekly Income – Live within your means.
  2. Borrow Money Only to Make Money – Avoid debt for depreciating assets.
  3. As Income Increases, Cost of Living Should Stay the Same or Decrease – Invest the difference.

He also outlines six habits that keep people broke:

  • Not talking about money
  • No emergency fund
  • Impulse purchases
  • Buying unnecessary sale items
  • Paying bills late
  • Improper use of credit cards

🏛️ WINDS Wealth Building Centers

  • Created to combat financial illiteracy in Black America.
  • Focus on mindset, habits, values, and solutions.
  • Curriculum includes:
    • Psychology and emotions around money
    • Delayed gratification
    • Four pillars of intergenerational wealth:
    1. Wealth management
    2. Real estate ownership
    3. Business development
    4. Entrepreneurship

🌍 Power Networking Conference & Fraser Nation

  • A virtual nation concept launched before the pandemic.
  • Offers access to:
    • Black professionals and business owners
    • Intellectual capital
    • Products and services across the Pan-African diaspora
  • Promotes virtual workshops, summits, and coaching.

💼 Entrepreneurship & Passive Income

  • Encourages Black Americans to sell, not just buy.
  • Suggests a multi-stream income strategy:
    1. Use 9–5 income to fund a side hustle.
    2. Use side hustle profits to invest.
    3. Let investments eventually replace your job income.

💬 Quotes & Wisdom

“Stop living above your means. Stop living within your means. Live below your means and invest the rest.”

“If you bake cookies, put them in a box, put your name on it, and sell it.”

“There should not be a Black person in America with a single stream of income.”

#SHMS #STRAW #BEST

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