1 00:00:05,160 --> 00:00:05,970 Speaker 1: Welcome to the show. 2 00:00:06,330 --> 00:00:10,140 Speaker 2: I am Rashawn McDonald, the host of Money Making Conversations Masterclass, 3 00:00:10,500 --> 00:00:13,320 Speaker 2: where we encourage people to stop reading other people's success 4 00:00:13,340 --> 00:00:17,240 Speaker 2: stories and start planning their own. Listen up as I 5 00:00:17,300 --> 00:00:21,030 Speaker 2: interview entrepreneurs from around the country, talk to celebrities and 6 00:00:21,210 --> 00:00:23,930 Speaker 2: ask them how they are running their companies and speak 7 00:00:23,950 --> 00:00:27,390 Speaker 2: with nonprofits who are making a difference in their local communities. 8 00:00:27,820 --> 00:00:30,380 Speaker 2: Now sit back and listen as we unlock the secrets 9 00:00:30,420 --> 00:00:34,080 Speaker 2: to their success on Money Making Conversations Masterclass. 10 00:00:34,500 --> 00:00:37,540 Speaker 3: I always say this, recognize that we all have different 11 00:00:37,580 --> 00:00:41,580 Speaker 3: definitions of success. My next guest truly defies that statement. 12 00:00:41,600 --> 00:00:43,279 Speaker 3: She's been a friend of mine a long time. I've 13 00:00:43,540 --> 00:00:46,760 Speaker 3: been fortunate to see her and hear her just give 14 00:00:46,780 --> 00:00:50,490 Speaker 3: advice throughout this country and on national TV, on streaming networks, 15 00:00:50,729 --> 00:00:53,470 Speaker 3: because for more than two decades of leading roles in 16 00:00:53,490 --> 00:00:56,630 Speaker 3: the banking and real estate sales industry, she's been a genius. 17 00:00:57,190 --> 00:01:00,050 Speaker 3: Most notably, she's had books called Most of the Living 18 00:01:00,110 --> 00:01:03,090 Speaker 3: Check to Monday, The Real Deal About Money, Credit and 19 00:01:03,150 --> 00:01:07,140 Speaker 3: Financial Security, which achieved bestseller status at the Congressional Black 20 00:01:07,190 --> 00:01:09,000 Speaker 3: Caucus Conference Book Pavilion. 21 00:01:09,580 --> 00:01:10,380 Speaker 1: Lynn, that's Dr. 22 00:01:10,420 --> 00:01:14,759 Speaker 3: Lynn Richardson, was a featured regular on the Steve Harvey 23 00:01:14,840 --> 00:01:18,459 Speaker 3: TV talk show, Access Hollywood Live. She's been a regular 24 00:01:18,500 --> 00:01:22,100 Speaker 3: on that, Hallmark Channel Home and Family, BET Networks. 25 00:01:22,450 --> 00:01:24,860 Speaker 1: Has appearance on Essence, Jet, Upscale. 26 00:01:24,940 --> 00:01:27,980 Speaker 3: I saw Good Morning America giving out advice on Get 27 00:01:28,040 --> 00:01:31,320 Speaker 3: Up in the Morning with my girl Erica Campbell and many, 28 00:01:31,380 --> 00:01:33,220 Speaker 3: many outlets nationwide. 29 00:01:33,260 --> 00:01:34,020 Speaker 1: And that's why it's. 30 00:01:33,940 --> 00:01:35,520 Speaker 3: Been difficult for me to get it because I really 31 00:01:35,560 --> 00:01:37,959 Speaker 3: wanted it on the first Monday this year. But when 32 00:01:37,980 --> 00:01:39,559 Speaker 3: you have a schedule like that, just feel blessed that 33 00:01:39,600 --> 00:01:42,220 Speaker 3: I got it now. She is an entertainment and executive 34 00:01:42,260 --> 00:01:45,140 Speaker 3: celebrity financial coach who uses a quick wit and she 35 00:01:45,220 --> 00:01:48,340 Speaker 3: is funny and humorous presentation style to help others face 36 00:01:48,360 --> 00:01:52,340 Speaker 3: their money issues and achieve personal, professional, and spiritual harmony 37 00:01:53,250 --> 00:01:56,320 Speaker 3: my friends. I call all of y'all my friends. Please 38 00:01:56,360 --> 00:02:00,050 Speaker 3: welcome to Money Making Conversation Masterclass, Dr. Lynn Richardson. 39 00:02:00,310 --> 00:02:00,870 Speaker 1: How you doing, Dr. 40 00:02:00,910 --> 00:02:01,070 Speaker 4: Lynn? 41 00:02:02,600 --> 00:02:06,340 Speaker 5: Happy New Year. Happy New Year. Now, you know they 42 00:02:06,380 --> 00:02:08,400 Speaker 5: should have tracked me down for that first Monday of 43 00:02:08,419 --> 00:02:08,820 Speaker 5: the year. 44 00:02:09,400 --> 00:02:13,620 Speaker 3: Oh, we try. You do not have that many credits, Dr. Lynn, 45 00:02:13,680 --> 00:02:16,040 Speaker 3: and then be available that way. See, this is a 46 00:02:16,100 --> 00:02:18,880 Speaker 3: blessing right now that I got you. You know, we 47 00:02:18,900 --> 00:02:21,820 Speaker 3: just wrapped up January. We're going into Black History Month. 48 00:02:22,280 --> 00:02:24,859 Speaker 3: And you know that it's the first quarter where you 49 00:02:24,880 --> 00:02:26,880 Speaker 3: got to get your taxes right. This is when people 50 00:02:26,910 --> 00:02:29,590 Speaker 3: start applying for the You know, two years ago, we 51 00:02:29,950 --> 00:02:32,750 Speaker 3: were about to go into, you know, a pandemic, you know, 52 00:02:33,230 --> 00:02:35,850 Speaker 3: in 2020. March, that's when they shut us all down. Now, 53 00:02:35,910 --> 00:02:39,150 Speaker 3: this year, we're going in. They're not shutting this country down. 54 00:02:39,270 --> 00:02:42,730 Speaker 3: So if you're struggling with financial issues, we got to 55 00:02:42,770 --> 00:02:44,370 Speaker 3: get it fixed. And that's why I wanted you on 56 00:02:44,389 --> 00:02:46,070 Speaker 3: the show to try to help. And I think it 57 00:02:46,090 --> 00:02:48,620 Speaker 3: was better that we did wait because people got— they 58 00:02:48,630 --> 00:02:51,940 Speaker 3: got to see what this government's going to offer. They 59 00:02:51,960 --> 00:02:53,980 Speaker 3: got to see that they're cutting things. They're trying to 60 00:02:54,020 --> 00:02:56,520 Speaker 3: get back to normal. And if you fall along the 61 00:02:56,580 --> 00:02:59,519 Speaker 3: side of the road— they might just drive past you 62 00:02:59,600 --> 00:03:00,200 Speaker 3: and leave you there. 63 00:03:02,360 --> 00:03:02,960 Speaker 1: What are your thoughts? 64 00:03:02,980 --> 00:03:06,859 Speaker 5: Yeah, you know, I'm excited too because I think everybody 65 00:03:06,900 --> 00:03:11,910 Speaker 5: thought with this year being so many twos, you know, two, two, two, 22, 66 00:03:11,910 --> 00:03:14,649 Speaker 5: everybody just kind of thought everything from the past two 67 00:03:14,690 --> 00:03:16,890 Speaker 5: years was just going to be wiped away. But the 68 00:03:16,930 --> 00:03:20,570 Speaker 5: truth is, we still have work to do. Inflation is 69 00:03:20,650 --> 00:03:23,870 Speaker 5: at an all-time high, but hope is also at an 70 00:03:23,950 --> 00:03:27,200 Speaker 5: all-time high. So I think this masterclass is exactly what 71 00:03:27,240 --> 00:03:29,020 Speaker 5: people need to get to the next level. 72 00:03:29,060 --> 00:03:30,900 Speaker 1: You know, it's really interesting, Dr. Limerick. 73 00:03:30,919 --> 00:03:32,980 Speaker 3: I remember when they, you know, when they pushed the 74 00:03:33,020 --> 00:03:36,860 Speaker 3: income tax date in 2020 and, you know, they pushed 75 00:03:36,900 --> 00:03:39,940 Speaker 3: from April 15th and they went to May, then June, 76 00:03:40,460 --> 00:03:43,170 Speaker 3: and then they didn't push the October 15th date. That 77 00:03:43,190 --> 00:03:45,730 Speaker 3: stayed there. And I still had to pay my tax bill. 78 00:03:45,750 --> 00:03:47,850 Speaker 3: And it was a huge tax bill. And I was 79 00:03:47,890 --> 00:03:51,130 Speaker 3: frustrated because I didn't make any money to generate, to 80 00:03:51,150 --> 00:03:53,750 Speaker 3: be able to pay that off. And so it was 81 00:03:53,810 --> 00:03:56,290 Speaker 3: at the point where this government said enough is enough, 82 00:03:56,590 --> 00:03:59,090 Speaker 3: you know, Either you're going to be on one side 83 00:03:59,130 --> 00:04:00,470 Speaker 3: of the winners, you're going to be one side of 84 00:04:00,500 --> 00:04:03,580 Speaker 3: the losers. How did you see that whole 2020 play 85 00:04:03,640 --> 00:04:06,920 Speaker 3: out for you personally and people that you represented financially 86 00:04:07,300 --> 00:04:09,339 Speaker 3: and also accounting wise as well? 87 00:04:10,800 --> 00:04:14,220 Speaker 5: Well, 2020 was an interesting year because, you know, I 88 00:04:14,320 --> 00:04:17,010 Speaker 5: always think about getting your money back. I have three 89 00:04:17,089 --> 00:04:21,150 Speaker 5: basic principles for building wealth. spend less money, get a budget, 90 00:04:21,550 --> 00:04:24,770 Speaker 5: get more money, go get multiple streams of income. But 91 00:04:24,810 --> 00:04:27,250 Speaker 5: you know when you get more money, the more you make, 92 00:04:27,290 --> 00:04:30,169 Speaker 5: the more the IRS will take. So then you have 93 00:04:30,210 --> 00:04:33,830 Speaker 5: to get your money back by living your entire life 94 00:04:33,930 --> 00:04:36,750 Speaker 5: like a business. So if you drive your car for 95 00:04:36,800 --> 00:04:38,940 Speaker 5: personal reasons, you don't get your money back. But if 96 00:04:38,980 --> 00:04:42,659 Speaker 5: you drive your car for business, you do. So for 2020, 97 00:04:42,660 --> 00:04:45,620 Speaker 5: for the pandemic in general, I found that people were 98 00:04:45,700 --> 00:04:49,200 Speaker 5: able to save more money So those of us who 99 00:04:49,240 --> 00:04:53,040 Speaker 5: were able to, you know, stick through depression, because I 100 00:04:53,040 --> 00:04:55,800 Speaker 5: think everybody had a bout with depression and fear and 101 00:04:55,880 --> 00:04:58,020 Speaker 5: so on and so forth. But for those who were 102 00:04:58,100 --> 00:05:03,070 Speaker 5: able to stick through and stick together, they were able 103 00:05:03,130 --> 00:05:05,710 Speaker 5: to save more money. We saved more money than ever 104 00:05:05,890 --> 00:05:10,990 Speaker 5: as a country and as a people in 2020. More 105 00:05:11,550 --> 00:05:17,589 Speaker 5: billionaires were made last year. than at any other time 106 00:05:17,690 --> 00:05:18,610 Speaker 5: in the history of the world. 107 00:05:18,630 --> 00:05:19,170 Speaker 1: That's right. 108 00:05:20,290 --> 00:05:26,330 Speaker 5: Something like 493 billionaires were made. And so I often say, 109 00:05:26,360 --> 00:05:29,560 Speaker 5: you're either going to be a millionaire, a billionaire or 110 00:05:29,570 --> 00:05:32,480 Speaker 5: a witness. And we want to make teach where people 111 00:05:32,540 --> 00:05:35,300 Speaker 5: are not just witnesses that they actually get in the game. 112 00:05:36,100 --> 00:05:38,000 Speaker 3: And that's what this whole show is about because I 113 00:05:38,700 --> 00:05:40,460 Speaker 3: get frustrated. I have a segment at the top of 114 00:05:40,480 --> 00:05:43,400 Speaker 3: the show. I call bragging. I'm encouraging people to promote 115 00:05:43,440 --> 00:05:46,930 Speaker 3: themselves because, For some reason, within the black community, especially 116 00:05:46,950 --> 00:05:49,350 Speaker 3: in the black community, or in the community of color, 117 00:05:49,750 --> 00:05:51,790 Speaker 3: you know, we're told not to promote ourselves. We're not 118 00:05:51,810 --> 00:05:54,470 Speaker 3: told to talk about our success. And I tell everybody, well, 119 00:05:54,510 --> 00:05:56,989 Speaker 3: Target does it. You know, Ford does it. Any major 120 00:05:57,029 --> 00:06:00,200 Speaker 3: corporation does it. That's the way you market. And you 121 00:06:00,220 --> 00:06:03,190 Speaker 3: just said it right there, Rashawn. You can eat personally 122 00:06:03,510 --> 00:06:07,530 Speaker 3: or you can eat smartly business-wise. If you eat smartly business-wise, 123 00:06:07,589 --> 00:06:09,409 Speaker 3: you can write that off. And so we have to 124 00:06:10,029 --> 00:06:13,390 Speaker 3: create our lives and create a business model for our lives. 125 00:06:13,700 --> 00:06:16,000 Speaker 1: And we create a business model for our lives. 126 00:06:16,000 --> 00:06:20,479 Speaker 3: And we can take advantage and move up that little thousandaire, millionaire, 127 00:06:21,000 --> 00:06:21,940 Speaker 3: and billionaire club. 128 00:06:21,960 --> 00:06:23,340 Speaker 1: Because that's how they live every day, correct? 129 00:06:23,360 --> 00:06:23,580 Speaker 4: Correct. 130 00:06:25,510 --> 00:06:28,430 Speaker 5: This is how they are living every single day. They 131 00:06:28,510 --> 00:06:32,029 Speaker 5: are watching every single dollar. You know, some say money talks, 132 00:06:32,290 --> 00:06:34,390 Speaker 5: but I say money walks away from you quietly and 133 00:06:34,410 --> 00:06:35,310 Speaker 5: you don't know where it went. 134 00:06:36,410 --> 00:06:37,229 Speaker 1: It would be. 135 00:06:37,089 --> 00:06:39,090 Speaker 5: Nice if a dollar said I'm about to roll bounce 136 00:06:39,170 --> 00:06:40,650 Speaker 5: up out of here and when you come find me, 137 00:06:40,690 --> 00:06:42,669 Speaker 5: I won't be there. It would be nice if it 138 00:06:42,710 --> 00:06:45,250 Speaker 5: did talk, but it doesn't. And I say that with 139 00:06:45,310 --> 00:06:48,630 Speaker 5: laughter and humor, but it's the truth. We say money talks, 140 00:06:48,690 --> 00:06:52,020 Speaker 5: but it actually walks. And the other thing that happens, Rashawn, 141 00:06:52,040 --> 00:06:54,620 Speaker 5: which is why this show is so important, is because 142 00:06:54,700 --> 00:07:00,900 Speaker 5: people say it's just. It's just $ 10. Right. It's just $ 12. 143 00:07:00,279 --> 00:07:03,469 Speaker 5: It's just $ 100. And by the time you add up 144 00:07:03,670 --> 00:07:07,590 Speaker 5: all of those, it's just. That's where your wealth is. 145 00:07:07,650 --> 00:07:10,270 Speaker 5: And so we have to keep preaching. We have to 146 00:07:10,310 --> 00:07:13,550 Speaker 5: keep teaching. Because the truth is, and the other part 147 00:07:13,590 --> 00:07:15,860 Speaker 5: of this is what we're doing right now, we're doing 148 00:07:15,880 --> 00:07:20,850 Speaker 5: estate planning. Unfortunately, we've seen many suicides. Unfortunately, we've seen 149 00:07:20,870 --> 00:07:24,450 Speaker 5: many deaths. And so now is the time for everybody 150 00:07:24,500 --> 00:07:28,580 Speaker 5: to understand that you have an estate, your life insurance, 151 00:07:28,600 --> 00:07:31,940 Speaker 5: your checking and savings accounts, the car you drive, your clothing, 152 00:07:32,340 --> 00:07:34,980 Speaker 5: and all of those things need to be in a 153 00:07:35,100 --> 00:07:38,950 Speaker 5: proper plan when you leave here. So there are so 154 00:07:38,970 --> 00:07:41,830 Speaker 5: many things that this masterclass is just perfect for. 155 00:07:42,150 --> 00:07:44,650 Speaker 3: Now, let's talk about one of the great stories you 156 00:07:44,690 --> 00:07:48,560 Speaker 3: always tell me about employing your kids. Because we've got 157 00:07:48,600 --> 00:07:51,540 Speaker 3: families out here with children. They don't know what to 158 00:07:51,600 --> 00:07:54,720 Speaker 3: do with them. But you have a strategy on how 159 00:07:55,290 --> 00:07:59,370 Speaker 3: you can take advantage of employing your kids and being 160 00:07:59,390 --> 00:08:01,430 Speaker 3: able to write it off on your taxes, correct? 161 00:08:03,190 --> 00:08:08,580 Speaker 5: Absolutely. IRS Publication 15. Page 13. And I have to 162 00:08:08,640 --> 00:08:11,720 Speaker 5: say that because here's what happens when you start to 163 00:08:11,860 --> 00:08:15,560 Speaker 5: teach what the wealthy do. You know, unfortunately, sometimes in 164 00:08:15,620 --> 00:08:18,860 Speaker 5: our community, we don't believe anything. We think everything is 165 00:08:18,940 --> 00:08:23,190 Speaker 5: a scam. You've got haters, naysayers, blockers, and crab-barrel-legged pullers. 166 00:08:23,510 --> 00:08:26,710 Speaker 5: So whenever I quote this, I say go to IRS, 167 00:08:26,830 --> 00:08:31,930 Speaker 5: publication 15, page 13. And the IRS says that a 168 00:08:32,050 --> 00:08:35,730 Speaker 5: child can work for a parent in their home-based business. 169 00:08:36,940 --> 00:08:40,260 Speaker 5: You can pay each child up to $ 12, 500 a year. 170 00:08:41,220 --> 00:08:44,710 Speaker 5: That's a complete tax write-off to you. Now, if you 171 00:08:44,770 --> 00:08:49,570 Speaker 5: have two children, that's $ 25, 000. If you have three children, 172 00:08:49,630 --> 00:08:55,020 Speaker 5: that's $ 37, 500 in tax write-offs every year. That money is 173 00:08:55,120 --> 00:08:58,300 Speaker 5: tax-free to the child. They pay no taxes on it. 174 00:08:59,460 --> 00:09:02,800 Speaker 5: And now because you have a tax write-off, they can 175 00:09:02,840 --> 00:09:05,059 Speaker 5: now go and buy all the things that you were 176 00:09:05,080 --> 00:09:07,219 Speaker 5: going to pay for anyway. You were going to pay 177 00:09:07,240 --> 00:09:09,719 Speaker 5: for tuition. You were going to pay for school clothes. 178 00:09:09,880 --> 00:09:12,479 Speaker 5: You were going to pay for that new iPad. You 179 00:09:12,500 --> 00:09:14,420 Speaker 5: were going to pay for that video game. You were 180 00:09:14,440 --> 00:09:16,280 Speaker 5: going to pay for football lessons. You were going to 181 00:09:16,300 --> 00:09:19,160 Speaker 5: pay for all those things. But the difference now, you 182 00:09:19,210 --> 00:09:19,949 Speaker 5: get your money back. 183 00:09:21,360 --> 00:09:23,660 Speaker 3: OK, now I'm mad at you now because, you know, 184 00:09:23,740 --> 00:09:26,780 Speaker 3: I've been paying my daughter. She's 25 now. She's out 185 00:09:26,840 --> 00:09:29,450 Speaker 3: of college. You know, I am not home. We've had 186 00:09:29,490 --> 00:09:32,750 Speaker 3: home based businesses and I'm not giving her one check. 187 00:09:33,170 --> 00:09:37,270 Speaker 3: And I know I could have was a pamphlet 15 188 00:09:37,270 --> 00:09:38,470 Speaker 3: page 13. 189 00:09:38,470 --> 00:09:38,970 Speaker 1: I need somebody. 190 00:09:39,030 --> 00:09:40,310 Speaker 3: I need to rip that out and put it on 191 00:09:40,350 --> 00:09:43,710 Speaker 3: my wall and laminate it because. 192 00:09:43,230 --> 00:09:47,050 Speaker 1: 12,500 is so smart. Would you just say it? 193 00:09:47,110 --> 00:09:49,170 Speaker 5: Because, you know, it's so smart. 194 00:09:50,510 --> 00:09:53,520 Speaker 3: It's so smart because of the fact that here I am, 195 00:09:53,900 --> 00:09:57,709 Speaker 3: we're sending kids to private school, okay, and it's a 196 00:09:57,730 --> 00:09:59,370 Speaker 3: part-time job. That's what we call it. It's just a 197 00:09:59,370 --> 00:10:03,500 Speaker 3: part-time job. And they're doing part-time work. That money, like 198 00:10:03,520 --> 00:10:06,160 Speaker 3: you said, is not taxable. They can go and buy 199 00:10:06,200 --> 00:10:10,700 Speaker 3: their clothes. They can even start paying for their car, 200 00:10:11,000 --> 00:10:12,330 Speaker 3: down payment for their education. 201 00:10:12,770 --> 00:10:15,090 Speaker 1: Really, how did you— I' ve just got to say this. 202 00:10:15,540 --> 00:10:17,340 Speaker 3: How did you, and you said that when you give 203 00:10:17,380 --> 00:10:19,490 Speaker 3: advice like this, the first thing people give you. 204 00:10:19,450 --> 00:10:21,890 Speaker 1: Is a little squinch eyes. How could that be? 205 00:10:22,429 --> 00:10:26,050 Speaker 3: You got to be, nobody does anything like that. How 206 00:10:26,070 --> 00:10:29,699 Speaker 3: do you overcome those naysayers, those haters, those disbelievers that 207 00:10:29,720 --> 00:10:33,800 Speaker 3: think that something that everybody's taking advantage of, they don't 208 00:10:33,880 --> 00:10:34,400 Speaker 3: think is real? 209 00:10:36,270 --> 00:10:39,599 Speaker 5: Well, the first thing is you show them the successful 210 00:10:39,640 --> 00:10:42,700 Speaker 5: people who are doing it because we're so afraid to 211 00:10:42,740 --> 00:10:46,120 Speaker 5: get ahead because we think we're going to be audited 212 00:10:46,160 --> 00:10:49,350 Speaker 5: by the IRS. So we think something is illegal and 213 00:10:49,390 --> 00:10:51,449 Speaker 5: so on and so forth. And so do you have 214 00:10:51,490 --> 00:10:52,270 Speaker 5: to tell the truth? 215 00:10:52,410 --> 00:10:52,630 Speaker 4: Yes. 216 00:10:53,450 --> 00:10:56,650 Speaker 5: Do you have to document every single thing? Yes. And 217 00:10:56,690 --> 00:10:59,199 Speaker 5: then people say, well, Lynn, that's hard work. I said, well, 218 00:10:59,240 --> 00:11:00,200 Speaker 5: so is being broke. 219 00:11:00,500 --> 00:11:02,179 Speaker 1: Yes, yes, yes. 220 00:11:02,220 --> 00:11:05,040 Speaker 5: Being broke is hard work. You can rock here and 221 00:11:05,059 --> 00:11:07,260 Speaker 5: pay power. You can be the CEO of a Fortune 222 00:11:07,260 --> 00:11:10,569 Speaker 5: 100 company. So now you're going to take the hard 223 00:11:10,620 --> 00:11:14,550 Speaker 5: work and put it on getting your money back. But really, Rashana, 224 00:11:14,590 --> 00:11:18,030 Speaker 5: you know this. Some people can't be told. They have 225 00:11:18,070 --> 00:11:22,569 Speaker 5: to be shown. And when people don't want to follow suit, 226 00:11:23,030 --> 00:11:25,250 Speaker 5: I say, if that's working for you, keep doing it. 227 00:11:25,730 --> 00:11:27,930 Speaker 5: And what we do is we make sure that we 228 00:11:27,970 --> 00:11:32,170 Speaker 5: develop good networks. Your network determines your network. So I 229 00:11:32,230 --> 00:11:36,199 Speaker 5: surround myself with people who are already, who've already been 230 00:11:36,240 --> 00:11:38,620 Speaker 5: where I'm trying to go and who are trying to 231 00:11:38,700 --> 00:11:41,500 Speaker 5: get to where I've been. So that's how we do it. Dr. 232 00:11:41,640 --> 00:11:44,990 Speaker 3: Lynn, when you call the show, Every time you call you, 233 00:11:45,010 --> 00:11:47,689 Speaker 3: you make a dent into this city. Like, my producers 234 00:11:47,730 --> 00:11:50,450 Speaker 3: came around the corner. Man, she's just dropping some information 235 00:11:51,330 --> 00:11:54,120 Speaker 3: that we normally don't get. And I think that's a 236 00:11:54,220 --> 00:11:57,360 Speaker 3: tragic thing to say because that's the truth. We're the 237 00:11:57,440 --> 00:11:59,480 Speaker 3: last to get the information. You know, we're the last 238 00:11:59,500 --> 00:12:01,479 Speaker 3: to know about the COVID shot. We're the last to 239 00:12:01,500 --> 00:12:03,460 Speaker 3: know about the COVID test. We're the last to know 240 00:12:03,480 --> 00:12:08,110 Speaker 3: about taxable tax deductions. How can we break that cycle 241 00:12:08,170 --> 00:12:10,490 Speaker 3: of being the last or that's too large a question 242 00:12:10,510 --> 00:12:11,770 Speaker 3: to ask you to even answer? 243 00:12:13,640 --> 00:12:16,220 Speaker 5: No, I think it's a very fair question. And I 244 00:12:16,260 --> 00:12:19,190 Speaker 5: think we have to adjust and shift what we're paying 245 00:12:19,230 --> 00:12:23,610 Speaker 5: attention to. Because let's be clear, as black people, we 246 00:12:23,670 --> 00:12:28,800 Speaker 5: have wealth. Now, we are spending it on designer gym shoes, 247 00:12:28,900 --> 00:12:33,820 Speaker 5: designer purses. We're spending it on cars, furniture, jewelry. We'll 248 00:12:33,860 --> 00:12:37,300 Speaker 5: go spend hundreds and hundreds of dollars for a concert 249 00:12:37,350 --> 00:12:40,929 Speaker 5: ticket and another several hundred dollars on an outfit, another 250 00:12:41,110 --> 00:12:45,290 Speaker 5: couple hundred dollars on a pair of shoes. We have wealth. 251 00:12:46,630 --> 00:12:50,370 Speaker 5: We have it. But it's about what we are doing 252 00:12:50,450 --> 00:12:53,550 Speaker 5: with it and if we're going to pay attention to 253 00:12:54,130 --> 00:12:58,830 Speaker 5: the advice from people like yourself, quite frankly. And I think, 254 00:12:58,950 --> 00:13:02,600 Speaker 5: you know, there's a saying that if you want people to, 255 00:13:03,240 --> 00:13:04,920 Speaker 5: if you want to hide something, put it in a 256 00:13:04,920 --> 00:13:07,500 Speaker 5: book because people aren't going to read it. And I think, 257 00:13:07,559 --> 00:13:11,320 Speaker 5: unfortunately for us, we do not realize that in the 258 00:13:11,400 --> 00:13:14,790 Speaker 5: same way we can plan a baby shower, we can 259 00:13:14,830 --> 00:13:18,550 Speaker 5: plan a bridal shower, We plan the biggest weddings. We 260 00:13:18,590 --> 00:13:21,580 Speaker 5: have all 1,300 of our cousins there eating up all 261 00:13:21,600 --> 00:13:26,400 Speaker 5: the food. But if we put that planning in our finances, 262 00:13:26,540 --> 00:13:28,600 Speaker 5: we could be just as successful. So I think we 263 00:13:28,620 --> 00:13:31,280 Speaker 5: just have to keep saying it and keep putting it 264 00:13:31,360 --> 00:13:33,459 Speaker 5: out there and keep making it available to people. 265 00:13:33,960 --> 00:13:37,130 Speaker 4: Please don't go anywhere. We'll be right back with more 266 00:13:37,230 --> 00:13:47,010 Speaker 4: Money Making Conversations Masterclass. Welcome back to the Money Making 267 00:13:47,080 --> 00:13:50,240 Speaker 4: Conversations Masterclass hosted by Rashawn McDonald. 268 00:13:51,160 --> 00:13:51,600 Speaker 1: Well, you know, the. 269 00:13:51,600 --> 00:13:56,000 Speaker 3: Interesting thing when you say that, I always tell people, like, 270 00:13:56,100 --> 00:13:58,040 Speaker 3: you know, I can remember when, you know, I was 271 00:13:58,080 --> 00:13:58,500 Speaker 3: struggling to. 272 00:13:58,540 --> 00:14:01,280 Speaker 1: Buy toothpaste and I made a little money. And guess what? 273 00:14:01,640 --> 00:14:06,040 Speaker 3: Instead of maintaining that money income and maintaining that lifestyle, 274 00:14:06,400 --> 00:14:08,459 Speaker 3: I started accelerating it. I made a little money, I 275 00:14:08,460 --> 00:14:10,219 Speaker 3: got a better apartment. I made a little more money, 276 00:14:10,240 --> 00:14:12,200 Speaker 3: I got a better car. You know, those are the 277 00:14:12,260 --> 00:14:16,640 Speaker 3: things you naturally do. You tend to reward yourself for 278 00:14:16,679 --> 00:14:18,429 Speaker 3: your efforts, which is a natural way to do. 279 00:14:18,830 --> 00:14:22,370 Speaker 1: But you also have to remember saving, setting aside. And 280 00:14:22,390 --> 00:14:23,670 Speaker 1: you just said, don't spend it all. 281 00:14:24,690 --> 00:14:26,190 Speaker 3: Don't just just don't go out there and don't have 282 00:14:26,210 --> 00:14:29,710 Speaker 3: a plan to do on, as we say, those rainy days. 283 00:14:30,030 --> 00:14:31,930 Speaker 3: And one of the great principles that you talk about. 284 00:14:32,380 --> 00:14:36,420 Speaker 3: is that eliminate everything possible, live below your means, act 285 00:14:36,480 --> 00:14:37,820 Speaker 3: if you have lost an income. 286 00:14:38,120 --> 00:14:38,940 Speaker 1: Can you talk about that? 287 00:14:38,980 --> 00:14:41,640 Speaker 3: Just give some people, drop some more nuggets that you 288 00:14:41,660 --> 00:14:44,290 Speaker 3: can live a great life, but act like it, like 289 00:14:44,330 --> 00:14:46,190 Speaker 3: you've lost your income and you can live a longer, 290 00:14:46,230 --> 00:14:46,690 Speaker 3: great life. 291 00:14:48,430 --> 00:14:50,750 Speaker 5: First of all, this is so good. Thank you for 292 00:14:50,770 --> 00:14:56,690 Speaker 5: this question. People do not understand that money will work 293 00:14:56,750 --> 00:14:59,290 Speaker 5: harder for you than you can ever work for it. 294 00:15:00,900 --> 00:15:03,100 Speaker 5: I want everybody who's listening right now to think about 295 00:15:03,140 --> 00:15:06,020 Speaker 5: how hard you work, how many days a week you 296 00:15:06,060 --> 00:15:10,940 Speaker 5: have to work to produce the income, and hopefully it's enough, 297 00:15:10,980 --> 00:15:14,370 Speaker 5: but many times it's not. Money is saying, if you 298 00:15:14,380 --> 00:15:18,750 Speaker 5: respect me, if you learn about me, and if you 299 00:15:18,790 --> 00:15:23,450 Speaker 5: protect me, then I will work harder for you than 300 00:15:23,530 --> 00:15:28,090 Speaker 5: you can work for me. We are not protecting our money. 301 00:15:29,460 --> 00:15:31,570 Speaker 5: sitting in a bank account or sitting in a savings 302 00:15:31,620 --> 00:15:34,630 Speaker 5: account or we're constantly going out and spending it. But 303 00:15:34,710 --> 00:15:38,390 Speaker 5: money says, if you pay attention to me, then I 304 00:15:38,530 --> 00:15:43,980 Speaker 5: will go out and duplicate and multiply and triple and quadruple. 305 00:15:44,640 --> 00:15:51,240 Speaker 5: I earned 86% return on my investment last year, Rashawn. 306 00:15:51,420 --> 00:15:55,160 Speaker 5: And I didn't even do any... I didn't do any cryptocurrency. 307 00:15:55,250 --> 00:15:58,110 Speaker 5: I didn't have any of the wild investments. I didn't 308 00:15:58,150 --> 00:16:01,930 Speaker 5: even buy when the stock market first crashed. But because 309 00:16:02,550 --> 00:16:06,150 Speaker 5: we implemented a strategy and what everybody needs to know 310 00:16:06,770 --> 00:16:09,270 Speaker 5: is you can implement a strategy. So the first thing 311 00:16:09,290 --> 00:16:11,850 Speaker 5: you do is spend less money. I say live by 312 00:16:11,910 --> 00:16:14,230 Speaker 5: the 10, 10, 30, 50. The first 10% of every 313 00:16:14,250 --> 00:16:16,430 Speaker 5: dollar you get, you tie. The next 10% you save. 314 00:16:18,040 --> 00:16:21,400 Speaker 5: The next 30% is cash on a separate debit card 315 00:16:21,460 --> 00:16:26,180 Speaker 5: for incidental, like groceries, gas, hair, nails. If it doesn't fit, 316 00:16:26,240 --> 00:16:29,000 Speaker 5: get rid of it. Do not spend more money than 317 00:16:29,060 --> 00:16:32,800 Speaker 5: you have available to spend. And the remaining 50% stays 318 00:16:33,250 --> 00:16:36,610 Speaker 5: in your checking account for your bill. If you have 319 00:16:36,810 --> 00:16:40,170 Speaker 5: more than enough money, that's not a license to go 320 00:16:40,190 --> 00:16:42,930 Speaker 5: get a bigger house, a bigger car, a bigger everything else. 321 00:16:43,170 --> 00:16:45,490 Speaker 5: Because if you get a raise and raise your expenses, 322 00:16:45,930 --> 00:16:49,890 Speaker 5: you have more debt and less freedom. You should first 323 00:16:50,030 --> 00:16:52,470 Speaker 5: attack your debt, pay off your credit cards and so 324 00:16:52,490 --> 00:16:55,130 Speaker 5: on and so forth. Take a portion of your extra money, 325 00:16:55,730 --> 00:16:58,430 Speaker 5: you know, save for a vacation, which really I say 326 00:16:58,490 --> 00:17:01,130 Speaker 5: a business trip where I can vacation on a business trip. 327 00:17:01,330 --> 00:17:04,030 Speaker 5: So now I can get that money back. So put 328 00:17:04,109 --> 00:17:07,230 Speaker 5: a strategy in place for the extra money. And if 329 00:17:07,270 --> 00:17:10,170 Speaker 5: you don't have enough money to pay your bill, then 330 00:17:10,210 --> 00:17:13,869 Speaker 5: you must subtract. You might have to take those kids 331 00:17:14,030 --> 00:17:16,330 Speaker 5: out of private school. I did. You might have to 332 00:17:16,390 --> 00:17:18,709 Speaker 5: take them out of ballet. I did. You might have 333 00:17:18,750 --> 00:17:22,190 Speaker 5: to put them in free programs at the church. I did. 334 00:17:22,230 --> 00:17:24,210 Speaker 5: You might have to get a smaller place to live. 335 00:17:24,230 --> 00:17:27,260 Speaker 5: So that's what we do. And then when we can 336 00:17:27,280 --> 00:17:30,639 Speaker 5: start to make our money work for us, Rashawn, I 337 00:17:30,680 --> 00:17:32,550 Speaker 5: love my money working for me. I love it. 338 00:17:32,580 --> 00:17:36,160 Speaker 4: We'll be right back with more Money Making Conversations Masterclass 339 00:17:36,200 --> 00:17:42,159 Speaker 4: with Rashawn McDonald. Now let's return to Money Making Conversations 340 00:17:42,490 --> 00:17:44,810 Speaker 4: Masterclass with Rashawn McDonald. 341 00:17:45,090 --> 00:17:48,270 Speaker 3: We have Lawrence on the call here. Lawrence, welcome to 342 00:17:48,530 --> 00:17:50,690 Speaker 3: Reverend Dr. Lynn Richardson. 343 00:17:51,490 --> 00:17:53,230 Speaker 1: How you doing, Lawrence? 344 00:17:53,630 --> 00:17:55,050 Speaker 5: Come on now. I'm fine, thank you. 345 00:17:55,670 --> 00:17:57,709 Speaker 1: Lawrence, she's preaching today, Lawrence. She's preaching. 346 00:17:57,950 --> 00:18:00,649 Speaker 3: So welcome to the altar, brother. We're not asking for 347 00:18:00,690 --> 00:18:02,119 Speaker 3: no money, but we're giving advice. 348 00:18:02,160 --> 00:18:03,119 Speaker 1: What you got? What's your question? 349 00:18:03,920 --> 00:18:07,100 Speaker 5: My question is, you were speaking of hiring children for 350 00:18:07,119 --> 00:18:11,650 Speaker 5: your home-based businesses. What's the age limit? What's the maximum 351 00:18:11,710 --> 00:18:17,510 Speaker 5: age limit? Can you do that? I absolutely love this 352 00:18:17,630 --> 00:18:20,810 Speaker 5: question because there has been a debate about the age limit. 353 00:18:21,890 --> 00:18:25,010 Speaker 5: People say, well, they have to be no younger than 354 00:18:25,130 --> 00:18:28,760 Speaker 5: seven years old. And I say that is completely untrue 355 00:18:29,619 --> 00:18:33,640 Speaker 5: because the IRS says that your child can do any 356 00:18:33,720 --> 00:18:37,619 Speaker 5: job that any other child can do for a reasonable wage. 357 00:18:38,490 --> 00:18:41,870 Speaker 5: So tell me, what does the Huggies baby do? What 358 00:18:41,910 --> 00:18:44,800 Speaker 5: does the Pampers baby do? What does the Gerber baby do? 359 00:18:45,170 --> 00:18:51,260 Speaker 5: Those babies model and they appear in commercials. The Department 360 00:18:51,280 --> 00:18:55,480 Speaker 5: of Labor also says that a child of any age, 361 00:18:55,980 --> 00:19:01,220 Speaker 5: it specifically says any age, can work in TV, film, 362 00:19:02,040 --> 00:19:06,910 Speaker 5: as a babysitter. In their parents' home-based business without violating 363 00:19:07,130 --> 00:19:10,330 Speaker 5: any labor laws. So as long as the work isn't dangerous, 364 00:19:10,910 --> 00:19:14,820 Speaker 5: they can do it. So if you are in a 365 00:19:14,859 --> 00:19:17,860 Speaker 5: business and you need to promote your business on social media, 366 00:19:18,640 --> 00:19:22,939 Speaker 5: then your younger children can model. Your five and six-year-olds, 367 00:19:23,020 --> 00:19:25,880 Speaker 5: they can help you with social media. Your eight, nine, 368 00:19:25,900 --> 00:19:29,000 Speaker 5: and ten-year-olds can help you with your databases. Your older 369 00:19:29,060 --> 00:19:31,119 Speaker 5: children can help you at events and plan and so 370 00:19:31,140 --> 00:19:33,840 Speaker 5: on and so forth. So in my class, How to 371 00:19:33,859 --> 00:19:36,410 Speaker 5: Hire Your Kids and Get Your Money Back, I go 372 00:19:36,450 --> 00:19:40,750 Speaker 5: through job descriptions for children of every age and different 373 00:19:40,770 --> 00:19:42,490 Speaker 5: things that they can do to not only help you 374 00:19:42,570 --> 00:19:46,740 Speaker 5: in your home-based business, but also learn important entrepreneurial skills. 375 00:19:48,100 --> 00:19:48,480 Speaker 4: Fantastic. 376 00:19:48,900 --> 00:19:49,790 Speaker 1: Lawrence, did they help you out? 377 00:19:50,070 --> 00:19:50,139 Speaker 5: Out? 378 00:19:50,180 --> 00:19:53,090 Speaker 1: Did the Reverend help you out? Reverend Dr. Lynn Richardson, 379 00:19:53,109 --> 00:19:53,659 Speaker 1: did she help you out? 380 00:19:54,550 --> 00:19:55,649 Speaker 5: She put me on the right trail. 381 00:19:55,890 --> 00:19:56,750 Speaker 1: Well, that's what we taught in. 382 00:19:56,730 --> 00:19:58,970 Speaker 3: That Money Making Conversation Masterclass, because of the fact that 383 00:19:59,150 --> 00:20:00,610 Speaker 3: you didn't know until she said that, right? 384 00:20:01,390 --> 00:20:01,730 Speaker 4: Correct. 385 00:20:02,170 --> 00:20:03,600 Speaker 1: And that's the problem. We don't know. 386 00:20:04,080 --> 00:20:07,619 Speaker 3: And WCLK has given me an opportunity that's based in Atlanta, Georgia. 387 00:20:07,640 --> 00:20:09,960 Speaker 3: That's where the home and the headquarters and What I 388 00:20:10,000 --> 00:20:14,340 Speaker 3: do is we broadcast from the campus of Clark Atlanta 389 00:20:14,380 --> 00:20:18,570 Speaker 3: University every week. And the beauty of this information that 390 00:20:18,590 --> 00:20:21,590 Speaker 3: she's sharing with it is because she's helped out thousands 391 00:20:21,990 --> 00:20:24,730 Speaker 3: on national TV. And she's right on my show right 392 00:20:24,770 --> 00:20:29,440 Speaker 3: now helping out us, giving us information because she's that 393 00:20:29,500 --> 00:20:30,419 Speaker 3: well respected. 394 00:20:31,700 --> 00:20:33,520 Speaker 1: A regular on the Steve Harvey talk show. 395 00:20:33,720 --> 00:20:34,000 Speaker 5: A regular. 396 00:20:34,100 --> 00:20:34,460 Speaker 1: A regular. 397 00:20:34,770 --> 00:20:37,600 Speaker 3: You know, on BET, a regular on Erica Campbell's show, 398 00:20:37,730 --> 00:20:42,140 Speaker 3: a regular on Esther's BET. You can turn on the TV, 399 00:20:42,340 --> 00:20:45,100 Speaker 3: turn on a podcast, and you'll hear her preaching the 400 00:20:45,140 --> 00:20:48,300 Speaker 3: gospel of how to live a valued life. 401 00:20:48,840 --> 00:20:51,670 Speaker 1: Dr. Lynn, I can't get enough of praising you. 402 00:20:52,090 --> 00:20:54,149 Speaker 3: This is only a small, and I'm just telling you something, 403 00:20:54,170 --> 00:20:55,390 Speaker 3: this is just a small. 404 00:20:55,190 --> 00:20:57,840 Speaker 1: Nugget of her life that she's sharing with us. You know, 405 00:20:58,080 --> 00:20:59,000 Speaker 1: she's that unique. 406 00:20:59,160 --> 00:21:02,440 Speaker 3: And I think to get on the show, you know, 407 00:21:02,859 --> 00:21:05,739 Speaker 3: when she comes my way, it's always got to do 408 00:21:05,790 --> 00:21:08,550 Speaker 3: more because I always feel like, wow, she's blessed me 409 00:21:08,590 --> 00:21:11,869 Speaker 3: with this opportunity to share this information. Because like Lawrence 410 00:21:11,910 --> 00:21:13,850 Speaker 3: just said, and a lot of you guys driving around 411 00:21:13,869 --> 00:21:14,350 Speaker 3: and sitting. 412 00:21:14,170 --> 00:21:17,140 Speaker 1: At the home, you didn't know what she was talking about. 413 00:21:17,480 --> 00:21:18,240 Speaker 5: You didn't believe. 414 00:21:18,600 --> 00:21:20,700 Speaker 3: And then I asked you to call. You're sitting around debating. 415 00:21:20,720 --> 00:21:23,239 Speaker 3: Should I call her? Maybe we're going to embarrass. We're 416 00:21:23,260 --> 00:21:25,550 Speaker 3: not trying to embarrass you. We're just trying to share 417 00:21:25,609 --> 00:21:27,950 Speaker 3: you valuable information also to get you to. 418 00:21:27,930 --> 00:21:30,720 Speaker 1: Trust us, to trust Dr. Lynn Richardson. 419 00:21:31,240 --> 00:21:31,520 Speaker 4: Amen. 420 00:21:31,560 --> 00:21:32,720 Speaker 1: Trust Rashawn McDonald. 421 00:21:33,100 --> 00:21:36,620 Speaker 3: Just trust this radio program that every week, you know, 422 00:21:36,660 --> 00:21:38,530 Speaker 3: that we're trying to give you advice so you do 423 00:21:38,570 --> 00:21:41,050 Speaker 3: your research. Understand this is how it works now. I 424 00:21:41,070 --> 00:21:43,149 Speaker 3: want you to Google Dr. 425 00:21:43,190 --> 00:21:45,070 Speaker 1: Lynn Richardson. Google her. 426 00:21:45,920 --> 00:21:47,830 Speaker 3: And you will see it. The page is just going 427 00:21:47,850 --> 00:21:50,650 Speaker 3: to go. You're just going to keep pressing down, pressing down, 428 00:21:50,690 --> 00:21:52,690 Speaker 3: pressing down. And you're going to see it with stars. 429 00:21:52,710 --> 00:21:54,530 Speaker 3: You're going to see it with regular people. You're going 430 00:21:54,550 --> 00:21:56,710 Speaker 3: to see it with young kids. You're going to see 431 00:21:56,730 --> 00:21:58,550 Speaker 3: it with every walk of life. You're going to see 432 00:21:58,630 --> 00:22:02,429 Speaker 3: charity organizations. She does with MC Light. She gives back. 433 00:22:03,010 --> 00:22:06,940 Speaker 5: Amen. We give back a million dollars over the past 434 00:22:06,940 --> 00:22:08,860 Speaker 5: 10 years. Yes, we have. 435 00:22:09,040 --> 00:22:09,540 Speaker 1: Listen to her. 436 00:22:09,990 --> 00:22:13,050 Speaker 3: Now she's giving back with advice on Money Making Conversation Masterclass. 437 00:22:13,330 --> 00:22:15,290 Speaker 3: Tell them how to reach you because, like I said, 438 00:22:15,690 --> 00:22:17,580 Speaker 3: I wouldn't be here. I'm just telling you something. I 439 00:22:17,619 --> 00:22:20,410 Speaker 3: would not be able to promote what I'm saying. Money 440 00:22:20,450 --> 00:22:26,680 Speaker 3: Making Conversation Masterclass is the number one syndicated weekend show 441 00:22:26,760 --> 00:22:28,840 Speaker 3: on black radio without a Dr. 442 00:22:28,900 --> 00:22:31,020 Speaker 1: Lynn Richardson believing in Rashawn McDonald. 443 00:22:32,600 --> 00:22:34,740 Speaker 5: Well, I want to say this. I want to make 444 00:22:34,840 --> 00:22:37,959 Speaker 5: sure that we stay connected and maybe we come up 445 00:22:38,000 --> 00:22:40,580 Speaker 5: with a curriculum for 12 months or something to that 446 00:22:40,619 --> 00:22:44,220 Speaker 5: effect because I'll be on Good Morning America tomorrow talking 447 00:22:44,260 --> 00:22:47,990 Speaker 5: about estate planning in the black community. And Rashawn, you know, 448 00:22:49,770 --> 00:22:54,150 Speaker 5: life insurance, estate planning, having a proper trust. We don't 449 00:22:54,270 --> 00:22:58,690 Speaker 5: understand that we can create trust funds for our children 450 00:23:00,410 --> 00:23:01,390 Speaker 5: on minimum wage. 451 00:23:01,750 --> 00:23:01,970 Speaker 1: Hmm. 452 00:23:02,750 --> 00:23:06,609 Speaker 5: A lot of people don't understand you're worth more, unfortunately, 453 00:23:06,630 --> 00:23:11,490 Speaker 5: dead than alive. But when you pass on, if you 454 00:23:11,530 --> 00:23:14,709 Speaker 5: put those funds into an annuity inside of a trust, 455 00:23:15,270 --> 00:23:18,490 Speaker 5: your child will have an income for life and they 456 00:23:18,510 --> 00:23:20,449 Speaker 5: will then be able to pass that income down to 457 00:23:20,470 --> 00:23:24,270 Speaker 5: their children and so on and so forth. And this pandemic, 458 00:23:24,310 --> 00:23:31,500 Speaker 5: because you mentioned it, has wreaked havoc on our community. Right. 459 00:23:31,890 --> 00:23:37,359 Speaker 5: If I get one more GoFundMe request to pay for 460 00:23:37,380 --> 00:23:37,720 Speaker 5: a funeral. 461 00:23:37,920 --> 00:23:40,500 Speaker 1: Right, right, right, right. Would you come on? 462 00:23:40,619 --> 00:23:46,700 Speaker 5: Mm-mm. So we have to do this work, and we 463 00:23:46,740 --> 00:23:51,399 Speaker 5: have to keep educating our people. And estate planning is 464 00:23:51,480 --> 00:23:56,010 Speaker 5: where we get to create wealth for future generations. Listen, Rashawn, 465 00:23:56,109 --> 00:24:01,070 Speaker 5: I was on food stamps in this century. When I 466 00:24:01,109 --> 00:24:04,130 Speaker 5: was on food stamps, I still had enough life insurance 467 00:24:04,890 --> 00:24:08,600 Speaker 5: to make sure that if I didn't make it to 468 00:24:08,619 --> 00:24:13,560 Speaker 5: the next day to live out my dream, then my children, 469 00:24:13,600 --> 00:24:16,640 Speaker 5: my husband, my parents, my grandparents were still taken care 470 00:24:16,680 --> 00:24:21,200 Speaker 5: of in my absence. And that's the power of this 471 00:24:21,300 --> 00:24:24,300 Speaker 5: masterclass and this kind of information for our people. 472 00:24:25,300 --> 00:24:25,500 Speaker 4: Wow. 473 00:24:25,800 --> 00:24:28,470 Speaker 3: If you had to give like a closing advice to 474 00:24:28,510 --> 00:24:30,229 Speaker 3: my listeners, because you're going to be back in a moment. 475 00:24:30,710 --> 00:24:34,990 Speaker 3: And also, I'm launching a money-making conversation. Actually, not a 476 00:24:34,990 --> 00:24:38,010 Speaker 3: money-making conversation. I am going to be launching a national 477 00:24:38,890 --> 00:24:39,810 Speaker 3: podcast network. 478 00:24:40,450 --> 00:24:43,429 Speaker 1: And Dr. Lynn Richardson, I want to know, will you 479 00:24:43,450 --> 00:24:44,170 Speaker 1: be a part of that? 480 00:24:44,230 --> 00:24:48,780 Speaker 3: If you allow yourself to be part of my growing 481 00:24:48,840 --> 00:24:50,520 Speaker 3: brand out there, Dr. 482 00:24:50,540 --> 00:24:55,600 Speaker 4: Lynn. Dr. 483 00:24:55,619 --> 00:24:58,080 Speaker 1: Lynn Richardson? There we go. 484 00:24:58,619 --> 00:25:01,840 Speaker 5: I am just excited about it all. I am ready 485 00:25:03,000 --> 00:25:05,100 Speaker 5: to take each person by the hand. 486 00:25:05,340 --> 00:25:05,700 Speaker 4: Yes, ma'am. 487 00:25:06,380 --> 00:25:07,240 Speaker 5: Who wants help. 488 00:25:08,480 --> 00:25:09,810 Speaker 1: There you go. 489 00:25:09,850 --> 00:25:12,010 Speaker 5: I'm training a group of life coaches now. 490 00:25:12,210 --> 00:25:13,330 Speaker 1: There you go. 491 00:25:13,369 --> 00:25:14,649 Speaker 5: We are not magicians. 492 00:25:14,930 --> 00:25:17,350 Speaker 1: There you go. 493 00:25:17,630 --> 00:25:23,360 Speaker 5: I am not a psychiatric counselor. I'm not a any 494 00:25:23,380 --> 00:25:28,240 Speaker 5: of that. I am a change agent for people who 495 00:25:28,359 --> 00:25:31,580 Speaker 5: want help and act like it. 496 00:25:32,160 --> 00:25:35,520 Speaker 1: Well, my friend, you are special. You'll be on Good 497 00:25:35,540 --> 00:25:36,919 Speaker 1: Morning America tomorrow, correct? 498 00:25:38,359 --> 00:25:38,880 Speaker 5: Yes, yes. 499 00:25:39,369 --> 00:25:42,110 Speaker 1: That will be Wednesday. Please check her out. Dr. Lynn, 500 00:25:42,130 --> 00:25:43,630 Speaker 1: I will be calling you this week. 501 00:25:45,190 --> 00:25:48,870 Speaker 3: I got a fan club that I send out 100,000 502 00:25:48,869 --> 00:25:51,410 Speaker 3: fan club members every week. I want us to start 503 00:25:51,450 --> 00:25:55,439 Speaker 3: doing five-minute video segments with you. doing your thing and 504 00:25:55,480 --> 00:25:58,640 Speaker 3: dropping my fan. It's all about you. It's all about 505 00:25:58,660 --> 00:26:01,439 Speaker 3: your whole, your whole brand. When you try to change 506 00:26:01,500 --> 00:26:04,320 Speaker 3: people's lives with information. So we'll talk off air, but 507 00:26:04,340 --> 00:26:05,720 Speaker 3: I wanted to thank you, Dr. 508 00:26:05,740 --> 00:26:06,320 Speaker 1: Lynn Richardson. 509 00:26:06,340 --> 00:26:08,660 Speaker 3: If you don't believe she's real, Google her, but coming 510 00:26:08,700 --> 00:26:10,180 Speaker 3: on money, making conversation masterclass. 511 00:26:10,220 --> 00:26:11,850 Speaker 1: And I will be calling you personally this week. 512 00:26:11,920 --> 00:26:12,160 Speaker 4: Okay. 513 00:26:13,970 --> 00:26:14,330 Speaker 5: Okay. 514 00:26:14,450 --> 00:26:14,830 Speaker 4: Amen. 515 00:26:14,910 --> 00:26:16,610 Speaker 5: Thank you so much. Good luck. 516 00:26:17,010 --> 00:26:18,129 Speaker 1: We talk to them. I appreciate you. 517 00:26:21,320 --> 00:26:23,640 Speaker 4: Thank you for joining us for this edition of Money 518 00:26:23,700 --> 00:26:29,990 Speaker 4: Making Conversations Masterclass. Money Making Conversations Masterclass with Ruchon McDonald 519 00:26:30,109 --> 00:26:35,260 Speaker 4: is produced by 3815 Media Inc. More information about 3815 520 00:26:35,260 --> 00:26:41,060 Speaker 4: Media Inc. is available at 3815media. com. And always remember to 521 00:26:41,180 --> 00:26:42,219 Speaker 4: lead with your gifts.