Speaker 1: Welcome to my show. I'm Rashon McDonald, a host of
Speaker 1: Money Making Conversations Masterclass, where we encourage people to stop
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Speaker 1: how you can uplift your community, improve your financial planning, motivation,
Speaker 1: or advice on how to be a successful entrepreneur. Now,
Speaker 1: let's get this podcast started. My guest is a real
Speaker 1: estate entrepreneur, financial Strategists and host of Less Talk real Estate.
Speaker 1: He's also the author under real Estate and Sales, The
Speaker 1: Real Estate Wealth Creator Blueprint Key's to overcoming fear, lack
Speaker 1: of money, and inexperience to possess real estate. Please welcome
Speaker 1: the Money Making Conversation that the class extra bee Jinkings,
Speaker 1: not dexter. Don't say nothing now, but you got to
Speaker 1: tell me how did it feel to have the number
Speaker 1: one book on Amazon.
Speaker 2: I would tell you, after all, it took me a
Speaker 2: year to write that book, so after twelve months of work,
Speaker 2: it felt good.
Speaker 1: Okay, now we talk about faith. Now, Now there was
Speaker 1: a lot of prayering to that book that got you there,
Speaker 1: a lot of a lot of writing and and all.
Speaker 2: It was a mixture of both, so that you know,
Speaker 2: the prayer, faith that our works is dad. So it was.
Speaker 1: Yes, sir, yes, sir.
Speaker 2: I not to get it done.
Speaker 1: Well, congratulations man on having this book. And if you're
Speaker 1: ready to get this interview started, I'm ready.
Speaker 2: I'm ready.
Speaker 1: You said a couple of things in the opening. I
Speaker 1: want to jump right back into it. You know, overcoming fear.
Speaker 1: You know why did you have that? Because I got
Speaker 1: that directly from the information you sent to me. It's
Speaker 1: buying property, it's houses, there's lots that are empty. Why
Speaker 1: would that be overcoming fear?
Speaker 2: Well, because I think real estate is probably the in
Speaker 2: most people's cases, is the largest purchase they're ever gonna make.
Speaker 2: You know, I don't care where what you are, so
Speaker 2: if you're by me, I'm a Boston, Massachusett man. The
Speaker 2: media and the house price and mass Chusetts just went
Speaker 2: over six hundred thousand dollars. So for the most part,
Speaker 2: you're looking at I am about to make a purchase
Speaker 2: for six hundred thousand dollars and maybe I've never done
Speaker 2: it before. And so that's why I believe fear is
Speaker 2: the biggest thing you tell people overcome and you overcome
Speaker 2: that through education, you overcome that through networking and things
Speaker 2: that nature. And so that's why we attack fear first,
Speaker 2: because if you can get past the fear and purchase
Speaker 2: your first house, brother Shaw, I believe it is life changing.
Speaker 1: Okay, cool. We know you're religious man. You have a church, yes, sir,
Speaker 1: you know you speak to them, and so f has
Speaker 1: a role in your life that every person may not have.
Speaker 1: But so I have to bring that up first because
Speaker 1: a lot of people are conflicted with faith and business.
Speaker 1: And I remember I asked Julanda Adams about that. Is
Speaker 1: there a difference between faith and business? She said, Richard,
Speaker 1: they is the one and the same. So when I
Speaker 1: have to ask you, Dexter B. Jenkins, you ephasize the
Speaker 1: role of faith in real estate and wealth creation. Can
Speaker 1: you elaborate on how faith intersects with financial success based
Speaker 1: on your experience, what what?
Speaker 2: What will go back to what you know? You mentioned
Speaker 2: Elanda Adams, who I've never met, but I know I
Speaker 2: was able and most people know who she is. Right,
Speaker 2: she's she's right on point in that the only the
Speaker 2: only people who separated faith and money were for people.
Speaker 2: God never did. So if you go to his Manual,
Speaker 2: which for us is the Bible, you know, but Jesus
Speaker 2: spoke more on money than anything else. So from that perspective,
Speaker 2: there's no difference. Now, I think a lot of times,
Speaker 2: you know, there have been some miscode scriptures. You know,
Speaker 2: one Timothy chapter six the money is the root of
Speaker 2: all evil, which the scripture says the love of money.
Speaker 2: And then you know, you hear people talk about, you know,
Speaker 2: what does a profit a man to gain the whole
Speaker 2: world and lose his soul and so and some of
Speaker 2: those and those are valid points. What God just wants
Speaker 2: you to keep him first in everything that you do.
Speaker 2: So if you keep him first, he has no problem.
Speaker 2: But when you start talking about real estate. Real estate
Speaker 2: is a major theme in the Bible, starting in Genesis
Speaker 2: chapter one, where we see God is the original developer.
Speaker 2: He looks out there and he sees darkness, and then
Speaker 2: what he does is he speaks light and then he
Speaker 2: begins to he spends, he begins to develop.
Speaker 1: I love it.
Speaker 2: And then you go and you look at you know,
Speaker 2: he was sending Abraham to a land and then a
Speaker 2: promise and then to did you they were going to
Speaker 2: a land and so there's a major theme in the
Speaker 2: Bible of the land. And so I was just trying
Speaker 2: to pull that out in the scripture. I mean from
Speaker 2: scripture in the book that you know God was the
Speaker 2: original developer, and that you know, there should be no
Speaker 2: no conflict with individuals with with with them desiring to
Speaker 2: own real estate and then you know, obviously desiring to
Speaker 2: be spiritual on whatever left. Like obviously we said, we're
Speaker 2: coming from a Christian stance right now. You may have
Speaker 2: people who may not or may not even who may
Speaker 2: not even you know, that's not an area of their
Speaker 2: life that they tend to go after it. But whatever
Speaker 2: it is, if you're looking at your faith and even
Speaker 2: your just your basic belief system, I believe you have
Speaker 2: to let people understand that it's okay to desire wealth.
Speaker 2: And that's that's why I love what you do, because
Speaker 2: these classes are really getting people to think, Okay, it's
Speaker 2: okay for me to do that, and as long as
Speaker 2: I'm moral and ethical about it, it's all good.
Speaker 1: Please don't go anywhere. We'll be right back with more
Speaker 1: money Making Conversations Masterclass. No need for you to do
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Speaker 1: and Instagram. Okay, your book, The Real Estate Wealth Creator Blueprint.
Speaker 1: What is the purpose of that title, The Real Estate
Speaker 1: Wealth Creator Blueprint.
Speaker 2: Well, because all success leaves clues, you know, you know,
Speaker 2: and so there's a blueprint that I followed. You know.
Speaker 2: I'm a second generation real estate investor. My dad was
Speaker 2: a guy who grew up in a small town called
Speaker 2: Saint Stephen, South Carolina, and then migrated up to New Haven, Connecticut,
Speaker 2: where he was a barber for sixty years. But dad
Speaker 2: all taught me the importance of owning where you live,
Speaker 2: in owning where you have your business. Got it sub state? Yeah, yeah,
Speaker 2: So that's real estate. So you know the house I
Speaker 2: grew up in, you know, from the time I was
Speaker 2: eight to the time I still own now because I
Speaker 2: inherited that house, we still own that. It's a two family.
Speaker 2: There's another commercial property that he left for me that
Speaker 2: he worked out of for part twenty five years or so,
Speaker 2: and so you know, so that was my blueprint and
Speaker 2: so what I desired to do, and then my wife
Speaker 2: and I have followed suits. So since twenty sixteen, I mean,
Speaker 2: we've been involved in millions of dollars of real estate transactions.
Speaker 2: And so what we have done is laid out the
Speaker 2: blueprint that I really got from my dad and other
Speaker 2: successful people who have leveraged real estate to build wealth.
Speaker 1: Okay, if we build wealth, and like you already said that,
Speaker 1: you know the medium household calls in the Boston area
Speaker 1: six hundred thousand dollars, right, that means that sometimes you
Speaker 1: may not have the money, right, so you need to
Speaker 1: team up. Talk about that team, Dexter, that's that team,
Speaker 1: because you talk about it in the book. Because a
Speaker 1: lot of people that's part of the fear too, like
Speaker 1: you said, not being able to afford the dream. How
Speaker 1: does one put that team together and moving forward so
Speaker 1: it won't later on get into any arguments about you
Speaker 1: owe me this, you owe me this, I did all
Speaker 1: the work talk about that, Dexter.
Speaker 2: Well, I will say this, there is no full proof
Speaker 2: way to say things won't happen down the line, right,
Speaker 2: you know, to think about marriage, you know, people all
Speaker 2: we all come to the altar, you know, with the
Speaker 2: right mindset of to death, du us part, and then
Speaker 2: stuff happened, you know. And so I just think in
Speaker 2: any time when two people come together or even sometimes
Speaker 2: even more, you can't guarantee that. But I do think
Speaker 2: what help happens is if you could do some vetting
Speaker 2: on the front end. I found, brother Seana, people who
Speaker 2: have gotten in trouble with partnerships. Is this first of all,
Speaker 2: let's go back even to even some people even afraid
Speaker 2: to partner because for the most part, we've been trained
Speaker 2: to work independently, and particularly at our people. I'm talking
Speaker 2: about black and brown folk and there's a lack of
Speaker 2: trust there. But you recognize you can get more done
Speaker 2: through partnerships. You know, you and I are are building
Speaker 2: partnerships and talking and other people don't build a partnership
Speaker 2: with Well, we can do more together, and so you
Speaker 2: So you got to break through that fear of partnerships
Speaker 2: even entering into it. And then when you enter into
Speaker 2: a partnership, I believe the most important thing you have
Speaker 2: to do partnership if you have to, you have to
Speaker 2: have clarity who's doing what. So if I'm entering into
Speaker 2: a real estate transaction, so maybe I don't have the time,
Speaker 2: but I have the money. Well maybe I don't have
Speaker 2: the money, but I got the time, or I have
Speaker 2: the connections. And so I think the clearer you can
Speaker 2: be with who's gonna do what in your partnership and
Speaker 2: then watch this if things break down, what do we
Speaker 2: do right? Because there has to be spelled out too,
Speaker 2: because obviously we're going into a believe that it's going
Speaker 2: to work with just like a marriage. You know you
Speaker 2: you went down, I believe it you still in front
Speaker 2: of somebody like me and said I do and you
Speaker 2: and when I said till death do you part you
Speaker 2: believed it, but then it didn't go like that way,
Speaker 2: and so I think you have to you have to
Speaker 2: have a contingency plan for when things don't go right,
Speaker 2: and that has to be spelled out in writing.
Speaker 1: Let me ask you this because I got that. You know,
Speaker 1: I grew up with my parents did buy their first
Speaker 1: homes or two bedroom shotgun house, and they sold that
Speaker 1: and got a two bedroom house and still nine kids,
Speaker 1: but we all got in there, you know. But it
Speaker 1: was owned by my mom and dad who owned it
Speaker 1: owned it real estate. That's why I want to keep
Speaker 1: saying the word real estate because a lot of people
Speaker 1: are confused about what exactly is real estate. And I
Speaker 1: guess you said it from a biblical standpoint, dexterra what
Speaker 1: real estate is. But but break it down to people
Speaker 1: about what is real estate the vacant lot, the building
Speaker 1: in the house. But I almost steal your thumb there,
Speaker 1: but talk about what is real estate?
Speaker 2: What you said to me real estate, I mean I
Speaker 2: brought it down to the to what you've already said.
Speaker 2: It's a land. Now that is land. I got to
Speaker 2: decide how I'm what am I gonna put on the
Speaker 2: land so it could be a like you said, a
Speaker 2: two bedroom house. It could be a parking lot, it
Speaker 2: could be it could be a shock, it could be
Speaker 2: a bar, so anything. So I define real estate as
Speaker 2: this first of all land, and then you you anything
Speaker 2: that you can put on it to monetize it.
Speaker 1: Right.
Speaker 2: So so sometimes it's gonna be a three family house,
Speaker 2: sometimes it's gonna be a six you sometimes it's gonna
Speaker 2: be a commercial property that you can put a major
Speaker 2: store in. And so anything that we can monetize, or
Speaker 2: sometime I sometimes the land I could I can farm it,
Speaker 2: you know. So there's just a lot of different ways
Speaker 2: that you know.
Speaker 1: That owning it is the key, and that's what the
Speaker 1: basis of this book.
Speaker 2: Owning it is the key. And then whilech there is
Speaker 2: finding out how to monetize because I know a lot
Speaker 2: of them, but I know a number of people who
Speaker 2: have things but don't know how to monetize it, right, right,
Speaker 2: And what good is it if you don't know how
Speaker 2: to monetize it. So what I want to do is
Speaker 2: I want to make sure brother Sean, two things happen
Speaker 2: that when I have some land I put either I
Speaker 2: learned how to monetize it, so it produces two things
Speaker 2: to me, number one cash flow and number two appreciation.
Speaker 1: Cool, Well, let's talk about that. Let's talk about some
Speaker 1: of the common myths of mixed conceptions by real estate investing,
Speaker 1: because I don't know what could be a misconception, you know,
Speaker 1: But again, this is what you do, right. I'm an interviewer.
Speaker 1: You are the subject matter expert. Please tell us what
Speaker 1: misconceptions a myths that people run from, because I would
Speaker 1: just tell you this. You know, we talk about faith,
Speaker 1: we talk about fear, we talk about money. Okay, those
Speaker 1: are three things that if they don't come together, if
Speaker 1: you don't overcome that fear, you don't have the money.
Speaker 1: I don't care how much faith you have. Real estate
Speaker 1: is not going to be purchased. So when you talk
Speaker 1: about myths that are common and misconceptions, what are some
Speaker 1: of them when it comes to investing in real estate?
Speaker 2: I find the biggest one is that people think think
Speaker 2: they need a lot of money to do it. Wow,
Speaker 2: that's the biggest one. And and there's some programs. Actually
Speaker 2: I was talking to my godson yesterday. He lives in
Speaker 2: the Virginia U DC area, and so he called me.
Speaker 2: He said hey, uh, he said hey, he called me uncle, Hey, Uncle, Dexter.
Speaker 2: You know I'm a I'm a veteran, and uh, I
Speaker 2: got a v A loan that I haven't taken advantage of. Now,
Speaker 2: if you don't think about a v A loan, a
Speaker 2: V loan, a v A loan allows you to get
Speaker 2: into a piece of property with no money down. And
Speaker 2: he was saying a lot of people, he said, a
Speaker 2: lot of my friends have taken advantage of the v
Speaker 2: A loan and I'm trying to figure out how to
Speaker 2: do it. And I said, man, there are a lot
Speaker 2: of ways, so I'm walking through that. But my point
Speaker 2: being is a lot of times we haven't even taken
Speaker 2: a time to do the research and find out what
Speaker 2: what what can I get into a property for? So
Speaker 2: that's on the side. But then there's also FHA loans
Speaker 2: where you could get in for it as little as
Speaker 2: three percent down, and they are lenders who will sometimes
Speaker 2: they will even give you the down payment. And so
Speaker 2: the biggest thing I find is that most people think
Speaker 2: that it takes tons of money to get involved, and
Speaker 2: it doesn't. It just takes you thinking strategically. And then
Speaker 2: number two, I believe, in fact, actually number one is
Speaker 2: this It takes you believing it's possible. Right, that's one.
Speaker 2: Then number two it becomes now you you begin this
Speaker 2: thing strategically about Okay, how am I gonna get this done?
Speaker 1: So?
Speaker 2: Is it partnerships? Is it me looking at looking at
Speaker 2: grants and things that I can get involved in? Well?
Speaker 2: They well they will. Smaller banks, You know, a great
Speaker 2: resource for people in their communities is tapping into community
Speaker 2: banks because they a lot of times they keep they
Speaker 2: have they have what they call portfolio loans, and a
Speaker 2: portfoli all your loan simply means that what they do
Speaker 2: is they have set asiut a certain amount of money
Speaker 2: that they're gonna lend out and they're going to keep it.
Speaker 2: They're not going to sell it.
Speaker 1: Don't go anywhere. We will be right back with more
Speaker 1: insights from Money Making Conversations master Class. Welcome back to
Speaker 1: Money Making Conversation Master Class hosted by me Rashawn McDonald.
Speaker 1: Let's get back into it. What you have to realize
Speaker 1: that taxes come with the lane, taxes, insurance, maintenance, all
Speaker 1: that is part of the game. Come on now, come
Speaker 1: on now, and it's called balancing. You know, we don't
Speaker 1: want to just have people run out there thinking that
Speaker 1: all about this, I'm about this, by this gotta be insured.
Speaker 1: You know, if you don't take care of the property,
Speaker 1: then guess what the neighborhood association might be coming after you? Say,
Speaker 1: may be coming after you. Okay, how does one take
Speaker 1: that property? Especially, let's look at it if it's a
Speaker 1: real estate purchase of a home and turn that into
Speaker 1: an investment, maybe be a rental home property or buying
Speaker 1: up the block. Let's talk about it a little bit
Speaker 1: about that, because that's how a lot of people, especially
Speaker 1: the African American of people of color, are rising up
Speaker 1: in the economic ladder because they are making purchases of homes,
Speaker 1: flipping them or renovating them and turning them into monthly fees.
Speaker 1: They create income for them.
Speaker 2: Yeah yeah, but but I think that and that's I mean,
Speaker 2: there are a number of different strategies. So some people
Speaker 2: do what you said. You know, I flipped a number
Speaker 2: of houses my wife and that that was out and
Speaker 2: we still do. That was one of my main strategies
Speaker 2: getting started. So we do have buyed whole properties where
Speaker 2: you know, we went and actually bought a property, two
Speaker 2: or three of them actually and you know, fix them
Speaker 2: up and then now we have rent off and so
Speaker 2: it really when I'm talking people about investing, you have
Speaker 2: to decide what you really want real estate investing to
Speaker 2: produce for you. That's number one. Number two, you got
Speaker 2: to decide do you want to and be an active
Speaker 2: investor or a passive investor? Now what's an active investor?
Speaker 2: And an active investor someone who like myself, who goes
Speaker 2: out and flips buys and holes and all that. A
Speaker 2: passive investor someone who, look, I ain't got time for
Speaker 2: all that. They'll have time or the desire to do
Speaker 2: and so, but they have cash. And so what they'll
Speaker 2: do is they'll they'll they'll put money in someone's hands
Speaker 2: to go ahead and be an investor. And actually that's
Speaker 2: a phenomenal way for people who don't have a lot
Speaker 2: of time who listen to us, Hey, look I want
Speaker 2: to get involved in real estate, but I don't have
Speaker 2: a lot of time. Maybe you know, they got maybe
Speaker 2: they are a high income earner doing whatever they do.
Speaker 2: Maybe they got family and obligations, maybe they're taking care
Speaker 2: of a parent or whatever. They don't have a lot
Speaker 2: of time in their hands, but they do have cash.
Speaker 2: And so what you can do is you can deploy
Speaker 2: your money in the real estate while you're doing those
Speaker 2: other things. Got it. So number one, I got to
Speaker 2: decide what real estate want, what I want real estate
Speaker 2: to produce me to do. Number two, I want to,
Speaker 2: you know, decide what I want to be active and passive.
Speaker 2: And then number three what I got to do is
Speaker 2: I gotta decide what strategy I'm am I gonna be
Speaker 2: one who fixing flips, Am I gonna buy it hole?
Speaker 2: Or I'm gonna help other people do it, you know.
Speaker 2: So it really just depends on what where you are.
Speaker 2: So there is no one set way of doing it.
Speaker 2: And this is what I believe. Sometimes you have to
Speaker 2: go one strategy and find out, you know what, I
Speaker 2: don't like this, you know, I don't like this, so
Speaker 2: I'm gonna try this, you know. And so that's that's
Speaker 2: what I advise people to do.
Speaker 1: You know, when I was reading the book your book,
Speaker 1: which is newly published, the Real Estate Wealth Creative Blueprint,
Speaker 1: financial literature kept popping up, popping up, you know, because
Speaker 1: in the sense that that's important. I'm just telling everybody,
Speaker 1: we all want you to be wealthy, we all want
Speaker 1: you to buy real estate, but we don't want you
Speaker 1: to make a mistake. We don't want you to miss
Speaker 1: steps like you said Rishan, I said taxes. You reminded
Speaker 1: me about insurance. You know, I tay an insurance. You
Speaker 1: reminded me about property might yes, okay, So it keeps
Speaker 1: moving along. Before we get to financial literacy, the word
Speaker 1: mentorship are mentoring pops up because again, I'm a pretty
Speaker 1: smart dude. I've been very successful, but even in this interview,
Speaker 1: I forgot some things. Okay, how important is mentorship? And
Speaker 1: you talk about it in your book in the blueprint.
Speaker 2: Right, it's it's priceless, meaning everything in every everything you've accomplised,
Speaker 2: everything I've accomplished has been because I've had mentors. What
Speaker 2: I'm saying so so so, whether it's an official mentor
Speaker 2: so sometimes it's a book. So it doesn't necessarily mean
Speaker 2: I even know you personally. I may have never met you,
Speaker 2: but I've read your book. I'm entering into a mentoring relationship,
Speaker 2: meaning there's an exchange of information that helps me to
Speaker 2: grow correct. So, but but I mean I've I've had
Speaker 2: paid mentors, I've had unofficial mentors. You know you and
Speaker 2: I have debilt relationship. I mean so you're certain other
Speaker 2: mentor in respects to me and in this media stuff,
Speaker 2: you know. And so it's just in anything in life.
Speaker 2: I mean, I'm my background the brother Sean is that
Speaker 2: of an athlete. See I look at mentoring and it's
Speaker 2: like coaching. I was a basketball player, so every so
Speaker 2: every team I played on, there was, say what a coach,
Speaker 2: And so the coach was the one who was instructing
Speaker 2: us and teaching us on how to do what we
Speaker 2: need to do in order to reach whatever goal we
Speaker 2: need to reach. So and this money making real estate thing,
Speaker 2: the reason why I talk so much about financial literacy
Speaker 2: is because if you make it, the goal is to
Speaker 2: keep it right. It ain't just see cause really what
Speaker 2: what what we want to do is we want to
Speaker 2: earn it. We want to keep it. Watch this, we
Speaker 2: want to pass it on because we want this multi
Speaker 2: generational wealthing. You know. So why why should every generation
Speaker 2: have to have to start over? I don't think that's
Speaker 2: the case. Well, if we teach people how to become
Speaker 2: financially literate, you know, it allows them to be able
Speaker 2: to not not to enjoy it for themselves. But how
Speaker 2: can we enjoy this thing? Two and three and four
Speaker 2: or five generations down line, so many many many many
Speaker 2: years from now, when you and I are not here,
Speaker 2: our great great grandchildren are benefiting off of something that
Speaker 2: we did.
Speaker 1: Okay, well, now we've had a great conversation. You know.
Speaker 1: We we're promoting your book, and the book is to
Speaker 1: create a blueprint and it's about real estate. Now, young people,
Speaker 1: old people, I'm gonna tell you something. If you're fifty,
Speaker 1: please listen to this conversation. If you're sixty, please listen
Speaker 1: this conversation. If you seventy, please listen this conversation. We're
Speaker 1: talking to YouTube. We're not just talking to twenty year
Speaker 1: old and thirty old and forty old people. The opportunity
Speaker 1: to still build your wealth and also create a foundation
Speaker 1: that you can pass to your relatives, pass to your
Speaker 1: your peer group. It's important that you understand that there's
Speaker 1: never too late to get into real estate game. But but, but,
Speaker 1: but there's always a butt in this conversation, you can
Speaker 1: be overwhelmed getting into the real estate game. And you
Speaker 1: talk about that in your book, and I think that's
Speaker 1: very important, is to how do you get in Dexter
Speaker 1: and not be overwhelmed.
Speaker 2: Well, it starts with education. You know when I'm not
Speaker 2: for me because I've grown up around. My dad was
Speaker 2: my first mentor. I wouldn't have called him that, but
Speaker 2: just looking at his life, he was. And then I
Speaker 2: started searching the other mantons. And one of the things
Speaker 2: I talked about in the book is there's something called READS,
Speaker 2: which stands for real estate or social safely right now
Speaker 2: but our ei A. You can look it up in
Speaker 2: your in your local area. There are tons of them,
Speaker 2: and you know their local meetings that you could go
Speaker 2: to for Some have feeds, some don't, and you can
Speaker 2: just go and start sitting in and getting the education.
Speaker 2: But you know, so it starts with that process and
Speaker 2: then get around some people who are doing that. You know.
Speaker 2: This is what I found, and this is one of
Speaker 2: the things one of the mistakes I think people don't mate.
Speaker 2: Go find somebody who's doing what you're doing and offer
Speaker 2: to serve them. Say look, hey, I want to learn
Speaker 2: this real estate game. I know how to do X,
Speaker 2: Y and Z. Hey look I'll drive you around if
Speaker 2: you need if need be, but I just need to
Speaker 2: be around so I can get a sense of how
Speaker 2: this thing works. And then once people get around it
Speaker 2: you know. I just think after a point in time,
Speaker 2: you will. In the book, one thing I talk about
Speaker 2: this thing called courage. I talk about courage being something
Speaker 2: that's cultivated and courages something that can be passed down.
Speaker 2: So you hang around courageous people. It rubs off on you.
Speaker 1: Wow. As we close out the interview, Dexter, you focus
Speaker 1: on creating general generational wealth. That's words, it's passed around
Speaker 1: the word generational wealth. And you can't get that work
Speaker 1: in afford They all week job No, but you can't
Speaker 1: get it by what you are talking about in your book.
Speaker 1: Tell us how families can gain generational wealth. It is
Speaker 1: real estate. Would follow your advice. That's why I have
Speaker 1: you on the shelf. Yeah, talk to us.
Speaker 2: Well, I think, first of all, let's look at generational
Speaker 2: well being more than just money. It's a lot of things.
Speaker 2: Now we're talking money because this is the topic. But
Speaker 2: I think the a wealthy mindset is something that needs
Speaker 2: to be passed down. First of all, that's the first
Speaker 2: thing meaning that my dad passed that out of recognized,
Speaker 2: but he passed that down to me. I inherited that
Speaker 2: that was generational, but he got that from his father,
Speaker 2: you know, So I think the mindset first of all,
Speaker 2: and then as the mindsets passed down, then you begin
Speaker 2: brother Sean to find out the different avenues are doing it,
Speaker 2: because real estate is not the only avenue that are
Speaker 2: doing that. Some people don't do no real estate, but
Speaker 2: they have a business or some people have stocks. So
Speaker 2: it doesn't matter the asset class. You just need one,
Speaker 2: and you need one that will allow you to create
Speaker 2: this thing call leverage. And talk a lot about my
Speaker 2: book about the power of the importance of having the leverage,
Speaker 2: because what leverage does. It allows you to make make
Speaker 2: more money with less effort, and so more so, it's
Speaker 2: the mindset. It's the having the people come together to
Speaker 2: work together to get something done and then now we
Speaker 2: can we can pass it on to the next generation.
Speaker 2: Now watch this because I heard mister Jake said TV.
Speaker 2: Jake said this years ago. He said, it's not only
Speaker 2: important what you leave to them, it's also what you
Speaker 2: leave in them. So I don't want to leave my
Speaker 2: son and my grandson a whole bunch of money and
Speaker 2: they can go there and kill themselves because I haven't
Speaker 2: put the right morals in there and the right beliefs
Speaker 2: in them. You know, what I mean, because I am
Speaker 2: a pastor, I'm a utu the scripture, he says in
Speaker 2: Proverbs chapter wanted to talk about prosperity ruins the food, right,
Speaker 2: So if somebody's foolish, their money would kill them, you know,
Speaker 2: And so it has to be a mixture of the
Speaker 2: right the materials. But then I also recognize that, hey man,
Speaker 2: there's some things there, some ways I got to teach
Speaker 2: you how to live so that this money don't kill you.
Speaker 1: Wow. As always, your book is fascinating from a standpoint
Speaker 1: of we drive around communities. We see open lots, we
Speaker 1: see rundown houses, we see houses that we may feel
Speaker 1: we can never afford, but they all are real estate.
Speaker 1: And that's what this conversation from a Jump is about.
Speaker 1: Opening your eyes to financial gains that you are passing
Speaker 1: by every day. Get with your friends, get with your families,
Speaker 1: pool money and you can get into the game. And
Speaker 1: it's not a game that you can technically start by yourself.
Speaker 1: So to get that out your mind, you may need
Speaker 1: help and help us through like you said, vetting people,
Speaker 1: everybody understanding, writing down in a contract, none of the
Speaker 1: handshake stuff. I'm talking about money, Get it right, and
Speaker 1: you can start winning in the game of real estate
Speaker 1: and in his book The Real Estate Wealth Creative Blueprint.
Speaker 1: That's to be Jenkins. As usual, you give my show
Speaker 1: ability Money Making Conversations master Class. Thank you for always
Speaker 1: coming on my show, Dexter, Thank you for having me, sir,
Speaker 1: Thank you for listening to this episode. Now I need
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