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Speaker 1: Welcome to my show.

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Speaker 2: I'm Rashon McDonald, a host of Money Making Conversations Masterclass,

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Speaker 2: where we encourage people to stop reading other people's success

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Speaker 2: stories and start planning your own. Now, you don't want

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Speaker 2: to miss an episode, so please take a moment right

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Speaker 2: now to follow or subscribe to Money Making Conversations Masterclass.

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Speaker 1: It's free.

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Speaker 2: You can follow me on iHeartRadio, app, Spotify, Apple Podcasts,

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Speaker 2: or wherever you listen to your podcast. New money Making

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Speaker 2: Conversations Masterclass episodes drop daily. I want to keep you

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Speaker 2: on alert because my guests provide tips on how you

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Speaker 2: can uplift your community, improve your financial planning, motivation, or

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Speaker 2: advice on how to be a successful entrepreneur. Now, let's

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Speaker 2: get this podcast started. My guest is the CEO of

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Speaker 2: Legacy Building LLC, a financial literacy firm dedicated to helping

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Speaker 2: clients improve credit, manage debt, and make strategic investment decisions

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Speaker 2: through personalized coaching workshops and boot camps. She began her

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Speaker 2: career as a securities attorney before shifting her focus to

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Speaker 2: empower individal jews and small businesses through financial education. It's

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Speaker 2: called financial literacy. Please welcome to Money Making Conversation Master Class.

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Speaker 2: I'm gonna call her a differend because I couldn't wait

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Speaker 2: to get her back on the show.

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Speaker 1: Lisa Morain, how are you doing, Lisa?

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Speaker 3: I'm well, how are you?

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Speaker 1: Rashan?

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Speaker 2: Well, you know this is your second time on the show.

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Speaker 2: Can you tell me all these the reaction and the

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Speaker 2: sense of excitement that came from being on Money Making

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Speaker 2: Conversation master Class.

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Speaker 3: Absolutely, I want to thank you for hosting me a

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Speaker 3: second time on Money Making Masterclass. It has been in

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Speaker 3: my honor. The sentiment from the listeners of your show

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Speaker 3: has been tremendous edge and every time the show aired,

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Speaker 3: I received numerous calls and some of those calls actually

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Speaker 3: converted into clients. So it has been a world one experience.

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Speaker 3: Being on your podcast has totally been in a exciting

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Speaker 3: and profitable venture for Legacy Building LLC.

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Speaker 1: Cool. Would that be said?

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Speaker 2: Thank you for taking the time to come back on

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Speaker 2: my show since I seem according to you, I made

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Speaker 2: you pretty busy, which is all good.

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Speaker 1: Uh. What is Legacy Building LLC? What is it?

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Speaker 3: Absolutely? Legacy Building LLC is an outgrowth from experience growing

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Speaker 3: up in the urban area and Boston. I lived through

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Speaker 3: lots of challenging situations where there wasn't always money, food

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Speaker 3: resources for all of the friends and all of the

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Speaker 3: folks who I knew in the neighborhood, and I was

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Speaker 3: always curious about, Hey, how could how could we all

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Speaker 3: change our our financial projection right? What can we do

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Speaker 3: to change this scene around us and actually help communities?

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Speaker 3: Which led me into one wanting to become an attorney,

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Speaker 3: and then and practicing law led me to finance. I

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Speaker 3: wanted to get involved into finance because I found out

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Speaker 3: that that was the one central factor that made the

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Speaker 3: difference between the haves and the have nots.

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Speaker 2: And the haves and have nots. So are you motivated

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Speaker 2: to make people successful or are you motivated to create a

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Speaker 2: business that can change people's lives both.

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Speaker 3: I'm helping people has always been at my core. As

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Speaker 3: you mentioned, I was with the federal government for over

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Speaker 3: thirty years, so I am a full time I look

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Speaker 3: at public servant where I took great pleasure in serving

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Speaker 3: the public and working for the American taxpayers and working

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Speaker 3: for the community to make our communities better. And so

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Speaker 3: I think in order to have a successful, thriving business

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Speaker 3: in the community, you actually need community members who are

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Speaker 3: able to participate in that business, who are able to

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Speaker 3: use their financial dollars to support the business. So I

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Speaker 3: feel like it is a circular impact.

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Speaker 2: Now, Lisa, you just said thirty years from a government

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Speaker 2: government position and you left to I'm assuming that you

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Speaker 2: didn't exactly leave immediately. Did you kind of like balance

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Speaker 2: the two before you made a decision become a full

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Speaker 2: time entrepreneur.

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Speaker 3: Absolutely, it's always been you know, growing up, my parents

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Speaker 3: always instilled in us, go to school, get good grades,

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Speaker 3: to get a job.

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Speaker 1: Right.

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Speaker 3: Even though my dad was an entrepreneur, the message was

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Speaker 3: very clear, get a job. And so to take that

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Speaker 3: leap after having the job of becoming a full time

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Speaker 3: entrepreneur took a lot of prayer, a lot of talking

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Speaker 3: to God, and a lot of belief in what I

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Speaker 3: have to offer and the benefit that I could bring

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Speaker 3: as an entrepreneur working completely for myself.

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Speaker 2: Which right did do you teach to help clients build or

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Speaker 2: repair their credit, especially a little starting from financial hardship.

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Speaker 3: For me, it's a in legacy building. It's a more

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Speaker 3: wholesome approach. I think it is shortsighted to just say

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Speaker 3: this is the things that you need to do to

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Speaker 3: repair your credit. The question is why did you even

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Speaker 3: get to this point where you thought it was appropriate

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Speaker 3: to put a bill in your child's name, You thought

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Speaker 3: it was appropriate to get a credit card, add all

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Speaker 3: these things to that credit card that you could not

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Speaker 3: afford to pay, and so it begins by first, let's

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Speaker 3: examine your money mindset. So part of my practice is

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Speaker 3: the kind of hone in on what are your money beliefs?

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Speaker 3: Like a lot of times when we grow up with lack,

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Speaker 3: we adopt that lack mentality. So we already stop from

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Speaker 3: a place of we don't have it, we can't get it,

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Speaker 3: we have to take any means necessary to get what

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Speaker 3: we want, which is not true. We have all that

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Speaker 3: we need. God never leaves us undone. We just have

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Speaker 3: to have a better view and a better outlook as

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Speaker 3: to our financial abilities, capabilities and steps to implement to

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Speaker 3: stop you from getting into that position later on. It's

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Speaker 3: important to get your credit cleaned up, but it's also

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Speaker 3: important to understand what to do to avoid getting in

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Speaker 3: that situation again.

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Speaker 2: You know, it's really I've heard about consolidation loans or

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Speaker 2: consolidating your credit card. What is the best approach to

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Speaker 2: cleaning up your credits.

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Speaker 3: Well, I think it really depends on what your situation is.

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Speaker 3: If you have tons of charge ofs that the company,

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Speaker 3: the credit card company has already said, this person is

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Speaker 3: not paid the debt to charge it off, it's hit

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Speaker 3: your accounts, So now you have to go about getting

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Speaker 3: those charge offs off of your credit report. If you

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Speaker 3: have a lot of high interest credit cards, which is

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Speaker 3: often the case these days, interest rates in excess of

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Speaker 3: twenty percent, which is outrageous. You're trying to make minimum

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Speaker 3: payments and have this high interest rate, you're not going

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Speaker 3: to be able to make a debt in the underlying debt.

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Speaker 3: So in that case, it may be more advantageous to

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Speaker 3: take it a loan to pay it all off, depending

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Speaker 3: on the loan terms. If you have a lower interest rate,

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Speaker 3: you're saving yourself from those high finance charges, allowing yourself

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Speaker 3: a more realistic way to pay off the debt and

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Speaker 3: get back in the green.

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Speaker 2: And that's really important there. But as a minority you

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Speaker 2: said it earlier, you know, sometimes we can defeat our

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Speaker 2: own opportunities and or we just fall in line with

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Speaker 2: the stereotypes that bank is not going to give me

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Speaker 2: a loan or I just have to bootstrap my way

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Speaker 2: to success. When people come to you, come to marine law,

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Speaker 2: come to legacy building. You know, when we're talking about

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Speaker 2: all these different opportunities, what is the number one or

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Speaker 2: there are three factors you can tell people think about

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Speaker 2: this before you contact me.

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Speaker 3: Sure, the three factors that I recommend thinking about before

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Speaker 3: you contact me is examine your situation. Don't just call

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Speaker 3: and say hey, I need help, and it's help with

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Speaker 3: what and what have you done? It's helpful for you

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Speaker 3: to first try to see what A what's happened to

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Speaker 3: get you into the situation you're in? B What have

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Speaker 3: you done yourself to try to rectify that situation? I eat,

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Speaker 3: have you reached out to your creditors? The creditors are

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Speaker 3: not the boogeyman right at the end of the day.

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Speaker 3: They just want to get paid and in some cases

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Speaker 3: you may be able to negotiate a lower payoff right

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Speaker 3: because they don't want to have to take you to port.

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Speaker 3: They don't want to have to because that cost them

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Speaker 3: legal expenses, they have to hire attorneys, they have to

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Speaker 3: shell out more money to collect from you. So oftentimes

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Speaker 3: they're willing to work with you, and that may require

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Speaker 3: you to call them multiple times, but there are steps

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Speaker 3: that you can take as an individual before you come

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Speaker 3: to people like me and say, look, I need help.

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Speaker 3: If you haven't done anything, you're starting at ground zero

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Speaker 3: and it's only going to make your journey that much longer.

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Speaker 1: Working with anyone, Lisa, how can one get in touch

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Speaker 1: with you?

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Speaker 3: Absolutely, there's multiple ways to get in contact with me.

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Speaker 3: You can call Legacy Building at nine two five two

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Speaker 3: one seven eight four eight zero. You can reach out

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Speaker 3: to us on social media. On Instagram it's Legacy Building

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Speaker 3: all one word Underscore LLC. And for Mulrain Law it's

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Speaker 3: Mulrain m ul r Ai N Underscore Law on Instagram.

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Speaker 3: And then you could just email me Lisa dot Mulrain

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Speaker 3: m ul r Ai N at gmail dot com.

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Speaker 1: Let's talk about areas of concern here. You know, when

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Speaker 1: I come to you, I come to you for advice,

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Speaker 1: but there are areas where people are typically struggle. You know,

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Speaker 1: I'm gonna say I'm out front financial coaching, creatit building, investing,

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Speaker 1: and in state planning. Let's start with something that people

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Speaker 1: rarely bring up in the conversation. It's state planning. Talk

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Speaker 1: to us.

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Speaker 3: Absolutely, listen, at the end of the day, whatever you've

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Speaker 3: accumulated during your working career life in whatever fashion, that

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Speaker 3: is a value, i e. It appreciates. It can be

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Speaker 3: For many of us in the minority community, it could

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Speaker 3: be home ownership. We saved up our money, we were

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Speaker 3: able to buy a home. Thankfully, right now our home

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Speaker 3: is appreciating in value because that's what homes typically do.

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Speaker 3: But we don't have any plan. We don't have an

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Speaker 3: estate plan. Something happens, we have a heart attack, a stroke,

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Speaker 3: whatever the case may be, and we've never set up

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Speaker 3: a plan for what happens if that eventuality takes place.

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Speaker 3: And the reality is, it's not uncommon to just get ill.

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Speaker 3: And sometimes you get ill and you immediately die. And

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Speaker 3: you have worked so hard to buy your house, buy

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Speaker 3: whatever assets you have, and now that that you've worked

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Speaker 3: so hard for is going to be disposed of based

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Speaker 3: on how the state law read. Right. So, in some

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Speaker 3: more public instances we've seen like these big entertainers prints,

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Speaker 3: Michael Jackson who didn't read the Franklin who died without

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Speaker 3: proper estate plans in place, and so it took years.

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Speaker 3: It goes, it sends your stuff into probate. It can

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Speaker 3: take years for it to go through probate, and then

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Speaker 3: your ears and your loved ones don't necessarily get what

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Speaker 3: you've worked so hard for. But the other thing is

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Speaker 3: estate planning doesn't only benefit your hears and loved ones

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Speaker 3: when you pass, it benefits you because while you're living,

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Speaker 3: right for you to have a trust that dictates your

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Speaker 3: wishes how you want your assets managed, and you can

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Speaker 3: have a revocable trust where you are the one managing

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Speaker 3: your assets. So you're saying, this is how I want

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Speaker 3: these different assets that I've acquired over time managed during

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Speaker 3: my life, and that's how you manage it. It allows

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Speaker 3: for very effective management of your assets and tracking of

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Speaker 3: all the things that you've accumulated and how you want

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Speaker 3: those things to be managed. I also plug it there

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Speaker 3: all these accounts, bank accounts that you may have, you

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Speaker 3: got to make sure that there's provisions for those right.

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Speaker 3: So that's the other thing. What if something happens to you,

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Speaker 3: you know, God forbid, and you can't speak, you're immobile.

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Speaker 3: A lot of our loved ones may have a dementia

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Speaker 3: or something that they really can't articulate what they want

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Speaker 3: to have happen to their assets and you've done nothing,

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Speaker 3: They've done nothing to prepare for that eventuality.

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Speaker 1: Then what Well, it's really important that you say that.

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Speaker 2: That's why I started with a state planning because people

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Speaker 2: won't even think about that. You know, the car, your jewelry,

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Speaker 2: your house, all your bank accounts, all that should be

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Speaker 2: tied into you know.

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Speaker 1: No, I'm not saying that in the state planning.

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Speaker 2: Is a whill, but at least it protects you your

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Speaker 2: assets and you can say this is where they should

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Speaker 2: go if you have a proper state plan right, and now,

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Speaker 2: a will is something you definitely should have.

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Speaker 1: Should we talk about that now?

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Speaker 3: Yeah, at least talk about will.

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Speaker 1: Or should we talk about investment?

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Speaker 2: Yeah?

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Speaker 1: People, you know you can.

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Speaker 2: You can have a will in your twenties, your thirties,

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Speaker 2: your forties, your fifties. There's no set date. I got

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Speaker 2: to be in my fifties and my sixties and seventies

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Speaker 2: to start considering a whill. A will outlines your your

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Speaker 2: wealth that you you've accumulated and where it should go

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Speaker 2: properly and not to the state.

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Speaker 3: That's right, Oh, Rashaan, you just hit the nail on

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Speaker 3: the head because you know in your twenties you're working

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Speaker 3: your cube things in your thirties and forties. You don't

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Speaker 3: have to wait until a particular age in the distant

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Speaker 3: future to set up a will right because you are

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Speaker 3: properly planning. You are outlining what happens if something happens

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Speaker 3: to me. Would you technically are not too young to

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Speaker 3: do in your twenties.

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Speaker 1: Please don't go anywhere.

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Speaker 2: We'll be right back for more Money Making Conversations Masterclass.

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Speaker 2: No need for you to do me a favor right

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Speaker 2: now to follow or subscribe to Money Making Conversation. It's

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Speaker 2: free and you can find it on the iHeartRadio app, Spotify,

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Speaker 2: Apple Podcasts, or wherever you get your podcasts. Please do

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Speaker 2: me that favor, follow or subscribe money Making Conversations. Welcome

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Speaker 2: back to Money Making Conversations master Class, hosted by me

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Speaker 2: Rashaan McDonald. Money Making Conversation master Class continues online at

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Speaker 2: Moneymaking Conversations dot com and follow money Making Conversations Masterclass

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Speaker 2: on Facebook, X and Instagram.

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Speaker 3: Now, when you have a will, the way that I

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Speaker 3: structure it in my firm is we use a will

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Speaker 3: as sort of like a secondary backup document, meaning we're

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Speaker 3: focusing in on the trust. Your trust is that main

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Speaker 3: document that it has covers all of your assets. And

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Speaker 3: that trust. The will we use as a pore over will,

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Speaker 3: which anything that we may have missed in the trust

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Speaker 3: goes in that will, right because not only do you

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Speaker 3: have to create that trust, but you have the fund.

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Speaker 2: Bit now that we talked about two proper things that

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Speaker 2: you should be incorporating in your financial plan up front,

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Speaker 2: it's state planning and will, let's talk about investing.

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Speaker 1: Wo I love it.

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Speaker 3: Yes, investing advice. Since we started off with trust and

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Speaker 3: wills and estate planning for investing advice, my first item

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Speaker 3: that I like to touch on is that four one

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Speaker 3: K plan. For many of us who have nine to

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Speaker 3: five jobs, the usually the state law depending on your jurisdiction,

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Speaker 3: requires the employer to have a full one K plan

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Speaker 3: for you. Many folks don't really focus on that, particularly

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Speaker 3: my younger folks, my twenty year olds, my thirty year olds.

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Speaker 3: You think, oh, I don't have to worry about that. No,

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Speaker 3: you max out the investment, your investment in those four

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Speaker 3: and one case if your company or government agency or

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Speaker 3: wherever you work provides a match to your investment, maybe

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Speaker 3: it's a one percent match, a three percent match. I

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Speaker 3: know in the federal government, it was a four percent match.

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Speaker 3: You need to be contributing at least four percent of

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Speaker 3: your income. I don't care what your income is, how big,

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Speaker 3: how small. You need to be contributed in four percent

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Speaker 3: of your income so you can get that match. You

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Speaker 3: are leaving money on the table if you don't do that.

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Speaker 3: That's free money your employer is putting towards your retirement.

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Speaker 3: So let's get that out the way. The other investment

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Speaker 3: that I would say is, if you don't our already

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Speaker 3: have one roth iray, open the wrong IRA. Make sure

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Speaker 3: that you're making whatever contributions you can. Ideally, whatever the

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Speaker 3: max is if you're over I think fifty or above.

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Speaker 3: I think the max was eight thousand, and may have

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Speaker 3: jumped to eight thousand, five hundred and twenty twenty six,

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Speaker 3: make sure you look into that. And if you're under fifty,

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Speaker 3: I think it's set either seven thousand and seven thousand,

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Speaker 3: five hundred. Divide up what that looks like for you.

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Speaker 3: If you can make monthly payments that meet whatever threshold

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Speaker 3: amount to that roth IRA, do it. Roth Iray is

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Speaker 3: a sort of a type of retirement account. It's after

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Speaker 3: tax money, meaning that you don't have to pay taxes

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Speaker 3: on it, providing you comply with the requirements. Some of

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Speaker 3: the requirements are that you leave that money in there

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Speaker 3: until you're fifty nine and a half. Now, let me

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Speaker 3: say you if you have an emergency you need to

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Speaker 3: access that money, you can take out the principle without

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Speaker 3: any tax consequences, even if you're not fifty nine and

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Speaker 3: a half. So some people use it as a savings

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Speaker 3: account because you are able to invest in the market

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Speaker 3: but still get access to your money if you need it,

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Speaker 3: even if you're not fifty nine and a half. But

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Speaker 3: part of investing is tax strategy, and with roth IRA,

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Speaker 3: because it's after tax dollars, you're not taxed on that money,

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Speaker 3: and that's a big deal. So again along that theme

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Speaker 3: of taking advantage of sort of free money that's given

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Speaker 3: to you. That's like tax free money. You usually don't

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Speaker 3: have many options where the government is not taxing you

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Speaker 3: on your gains, right, so you can let your money

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Speaker 3: grow accumulate over years in a roth IRA and as

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Speaker 3: long as you comply with the requirements for withdrawal, you

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Speaker 3: can have tax free investment. The other thing is open

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Speaker 3: a brokerage account that would be third on my list

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Speaker 3: if you haven't already done so, I like to say,

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Speaker 3: like these more prominent brokerages. No, no knock against the

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Speaker 3: newer guys like Robin Hood or any of the newer brokerages,

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Speaker 3: but I like to go with those who've been around

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Speaker 3: for like seventy five one hundred years. Because they've been

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Speaker 3: around for a while, that's a good sign of their

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Speaker 3: ability to weather the storm. Is not per you know,

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Speaker 3: I'm not saying that they nothing can happen to them,

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Speaker 3: But if I had to, like Gamble, that's that's where

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Speaker 3: I'm going. In some of those companies as Chaos Schwab

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Speaker 3: Fidelity and open a brokerage account there. Both of them

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Speaker 3: allow you to do fractional investment. So if you can't afford,

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Speaker 3: say if you want to buy a share of Microsoft,

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Speaker 3: which was at four hundred and something dollars, but you

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Speaker 3: don't have four hundred and something dollars, those brokerages allow

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Speaker 3: you to buy ten dollars of it, fifteen dollars of it,

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Speaker 3: and you keep doing it. The trick with investing in

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Speaker 3: any asset is consistency. Don't time the market. You cannot

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Speaker 3: time the market like we don't have the tools that

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Speaker 3: these hedge funds and then investment bankers have to time

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Speaker 3: anything right as a retail investor, so it's time in

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Speaker 3: the market. Put your money in.

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Speaker 2: If you let special lines they've laid yes exactly.

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Speaker 3: People put you a little five dollars, a little ten dollars.

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Speaker 3: Trust me, it accumulates over time. You can go in AI,

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Speaker 3: whether it be Chat, GPT, Claude Perplexity, you Gemini three.

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Speaker 3: You go there and you say what are the top

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Speaker 3: stocks in any particular industry and act chat GPT. I mean,

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Speaker 3: you know, again not investment advice, but again when you're

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Speaker 3: looking at where do I want to play some money?

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Speaker 3: Because has risk right? And if you're trying to contemplate,

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Speaker 3: like just a simple Bell Weather, if you're trying to

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Speaker 3: contemplate what company do I want to put my money in?

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Speaker 3: Follow the money? Where where's Nancy Pelosi putting her money?

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Speaker 1: Like we're where is black Rock? Where's Trump? Where's Trump

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Speaker 1: putting his money?

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Speaker 2: Okay, Okay, you know he's getting the top top financial advice.

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Speaker 3: Okay, follow him and he and you know what Trump

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Speaker 3: tell you what he about to do. He ain't hiding it,

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Speaker 3: so you ain't to scratch your head, like, what are

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Speaker 3: you gonna do next? He tell you what he's doing.

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Speaker 1: Right. Let me make sure people know this, Lisa. Research

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Speaker 1: is important.

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Speaker 2: They come to you because you know, because you mentioned

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Speaker 2: Ai and I want to always tell people any advice

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Speaker 2: is that it's given on this show.

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Speaker 1: Research research, research.

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Speaker 2: Do not jump out there because you heard somebody tell

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Speaker 2: you or somebody a little birdie told you a you woke.

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Speaker 1: Up and you had a dream about the stock. Research research, research,

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Speaker 1: also research over a year period, see how that stock

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Speaker 1: going up and down.

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Speaker 2: If it's staying flat, it's just low, and it's not

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Speaker 2: from a historical standpoint normally low. That means that that's

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Speaker 2: a stock that problem is going to have a comeback.

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Speaker 1: Do your research.

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Speaker 2: Are they laying off people or is it a strategy

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Speaker 2: as to why they're laying off people?

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Speaker 1: Because people lay off people, lay off employees. That's a strategy.

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Speaker 1: You know, they cut back.

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Speaker 2: They getting ready to make an announcement when they do

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Speaker 2: their tax earning calls to say, look we lay it

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Speaker 2: off ten thousand people and then a stock jump. Now,

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Speaker 2: if you see these people laying off people, that's part

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Speaker 2: of the research process that you have to go through

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Speaker 2: because these are the misconceptions that we have, Lisa. And

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Speaker 2: one of the things I do enjoy when I talk

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Speaker 2: to you, I talk about law, I talk about finances.

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Speaker 2: One advantage does that offer to you when a client

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Speaker 2: comes to you seeking advice?

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Speaker 3: Absolutely. I like to say that Maulraine Law is the

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Speaker 3: place where your financial education from legacy building is enhanced.

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Speaker 3: Legacy building, we educate people on how to acquire assets,

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Speaker 3: make money better themselves financially, and then once they've gotten

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Speaker 3: that knowledge, we and they're able to kind of get

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Speaker 3: going with that. Moull Rain Law offers the opportunity to

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Speaker 3: protect you've now created or what you have before when

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Speaker 3: you came to us. And that intersection isn't often seen,

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Speaker 3: right because usually if you protect assets, then you need

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Speaker 3: to find someone else to help you figure out how

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Speaker 3: to shield yourself, how to protect your assets. The beauty

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Speaker 3: of having both a financial literacy firm that provides that

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Speaker 3: financial education and a law firm is that you can

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Speaker 3: get everything in one place, particularly in the areas where

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Speaker 3: I'm licensed to practice law, which is Maryland, right, Massachusetts

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Speaker 3: and DC.

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Speaker 2: Now let's talk about scaling. You hear that a lot

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Speaker 2: scaling five years from now, where do you see Legacy

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Speaker 2: Building LLC?

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Speaker 3: Five years from now? I see Legacy Building LLC and

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Speaker 3: mull Raining Law doing wonderful, wonderful things, ideally partnering with

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Speaker 3: a lot of small businesses as well as partnering with

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Speaker 3: the government as a public servant for many, many years.

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Speaker 3: I see need within the government walls of individuals who

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Speaker 3: are making pretty good salaries but don't have that financial

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Speaker 3: education to help them figure out the best approach right

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Speaker 3: and oftentimes when they compare their salaries against their pairs

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Speaker 3: in the private sector, there's that focus on we're not

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Speaker 3: making as much as them, or even given what's happening

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Speaker 3: in the economy today, with the cost of things are

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Speaker 3: so expensive, it's sort of you don't have a ton

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Speaker 3: of money to do much else, but it's sort of

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Speaker 3: re examining and refocusing where your money's going now, the

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Speaker 3: money that you're earning, that's coming out of your paycheck,

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Speaker 3: where is it going now? What are you doing? And

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Speaker 3: I see Legacy Building being a leader in that space

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Speaker 3: to get folks thinking, to get folks more financially literate,

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Speaker 3: and to get more folks into the market and investing

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00:26:50,480 --> 00:26:54,040
Speaker 3: and acquiring assets and not being afraid to do so.

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00:26:54,400 --> 00:26:58,760
Speaker 3: Oftentimes I'll hear, oh, we can't invest that we'll lose

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00:26:58,760 --> 00:27:02,200
Speaker 3: all our money. No, that's that's not true. If you're gambling,

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00:27:02,320 --> 00:27:04,400
Speaker 3: if you don't do as you said with Sean, you're

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00:27:04,480 --> 00:27:08,480
Speaker 3: due diligence. If you don't keep on top of your investments,

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00:27:08,760 --> 00:27:11,520
Speaker 3: then yes, you probably will lose it all. So you

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00:27:11,680 --> 00:27:15,760
Speaker 3: need to make wise investments. I'm not suggesting that you

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00:27:15,840 --> 00:27:18,760
Speaker 3: don't buy things that you like. You work hard, but

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00:27:18,800 --> 00:27:22,400
Speaker 3: you just got to be smart about it and be diligent,

447
00:27:22,720 --> 00:27:26,879
Speaker 3: you know, with sort of partnering with the government, partnering

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00:27:26,960 --> 00:27:32,360
Speaker 3: with small businesses and partnering with others. I see Legacy

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00:27:32,400 --> 00:27:37,080
Speaker 3: Building being an international brand as well as also.

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00:27:37,119 --> 00:27:42,840
Speaker 1: She's Lisa, she's least the Moraine Legacy Building LLC and

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00:27:43,000 --> 00:27:47,879
Speaker 1: Moraine Law. She's practicing law right in Maryland. But guess what,

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00:27:48,480 --> 00:27:51,280
Speaker 1: you can go online find out about it. You do

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00:27:51,400 --> 00:27:55,080
Speaker 1: zoom calls with you, let her know that they It's

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00:27:55,119 --> 00:27:58,639
Speaker 1: all about due diligence, ladies and gim there's no magic

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00:27:58,720 --> 00:28:03,080
Speaker 1: pill or a wing out there to success. It's tied

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00:28:03,119 --> 00:28:06,120
Speaker 1: to longelomity. We're not talking about playing the lottery. We're

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00:28:06,119 --> 00:28:07,200
Speaker 1: talking about building your.

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00:28:07,119 --> 00:28:12,399
Speaker 2: Life through sound advice, excellent decisions, having this state plan

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00:28:12,680 --> 00:28:16,200
Speaker 2: put in place, having a will put in place. That way,

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00:28:16,240 --> 00:28:19,920
Speaker 2: when you make these investments, purchase these items, it will

461
00:28:19,960 --> 00:28:22,440
Speaker 2: go to your family or who you wanted to go

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00:28:22,520 --> 00:28:26,719
Speaker 2: to and not be arbitrated by the state. And believe

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00:28:26,760 --> 00:28:28,880
Speaker 2: it when it gets there, they're going to take their

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00:28:28,920 --> 00:28:30,560
Speaker 2: peace before they give it to you.

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00:28:32,080 --> 00:28:33,920
Speaker 1: Awesome. Appreciate you coming on the show.

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00:28:35,119 --> 00:28:37,600
Speaker 3: I appreciate you having me. Thanks so much for Sean.

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00:28:37,720 --> 00:28:38,400
Speaker 3: You were awesome.

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00:28:39,640 --> 00:28:41,520
Speaker 1: Thank you for listening to this episode.

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00:28:41,760 --> 00:28:43,360
Speaker 2: No, I need for you to do me a favor

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00:28:44,080 --> 00:28:47,520
Speaker 2: right now to follow or subscribe to Money Making Conversation.

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00:28:47,800 --> 00:28:52,080
Speaker 2: It's free and you can find it on the iHeartRadio app, Spotify,

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00:28:52,400 --> 00:28:56,280
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473
00:28:56,360 --> 00:29:00,840
Speaker 2: me that favor, follow a subscribe Money Making converse Sations

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Speaker 2: keep winning