
Financial Uplift: He also outlines six habits that keep people broke and three foundational rules for financial freedom.
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:
- Rent/Mortgage ≤ Weekly Income – Live within your means.
- Borrow Money Only to Make Money – Avoid debt for depreciating assets.
- 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:
- Wealth management
- Real estate ownership
- Business development
- 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:
- Use 9–5 income to fund a side hustle.
- Use side hustle profits to invest.
- 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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