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Financial Advisor: 5 Financial Habits To Get Ahead of 99% of People | Bola Sol
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I used to try so hard to work on my
weaknesses, but now I'm old enough to
hire them. I don't want to sit in first
class on my own. It's boring. If you
want to build wealth, you have to grow
your income. A 9 to5 is not going to do
it for 98% of people. We've been doing
gentle parenting on people who aren't
our kids and it's not working. They
don't teach you to have a plan for your
life. And because they don't teach you
how to have a plan for your life,
someone else will make a plan for you.
You lie down and you get up and you're
pregnant. Love a day. I've had enough.
Never let success get to your head and
failure get to your heart. Don't go into
the marriage with debt. The average cost
of a wedding in the UK I made in a
month. There are certain levels of
wealth you can't get to if you don't
unlock your mind. And I speak to so many
people and I'm like, I can't do this.
You need to speak to a therapist.
I hope you guys are excited to get into
this episode. Don't forget, if you would
like to purchase an investment property
in Dubai, make sure to fill out the form
below and book a free consultation with
me. Welcome to the building wealth with
no borders podcast with me Lamade
Elizabeth for I'll be bringing you
guests from around the world to share
their strategies on building wealth and
today we are filming at myriad studios
in London so if you're looking for a
professional studio and a reliable
studio then definitely check them out
and we are here with money columnist
financial educator author of your money
life and how to save it and a qualified
financial advisor Bosol welcome
>> hi thanks for having me love the intro
>> I am excited to have you here and I
think one of the reasons that um I think
it will be good is because this podcast
is focused on on building wealth but
we've we started off quite high level in
in all honesty um and I think a lot of
that is because it is based around my
interests um and who I want to talk to
and and and so a lot of it is quite high
level but when we get in the dilemas and
stuff I realize that there is a big
chunk of financial education that we
don't cover on the podcast we've never
covered like anything like credit scores
debt uh h and stuff like that. If we do
talk about debt, we're talking about
about it on a business level.
>> Um so we've never covered it the basics.
So and I know that you're really good at
like covering the the foundations I
think of of you know investing, personal
finance and stuff. So I'm really excited
to jump into the conversation but before
we do that I will also let you introduce yourself.
yourself.
>> Oh well hi I'm Bisol and I am a
financial educator. I'm an entrepreneur.
I love business. worked in the corporate
world for 10 years, studied math and
finance. Um, I just want everyone to be
financially educated so that they can
make better decisions. But I also want
people to go to therapy
because there are certain levels of
wealth you can't get to if you don't
unlock your mind.
>> And I speak to so many people and I'm
like, I can't do this. You need to speak
to a therapist. >> Oh,
>> Oh,
>> and the whole point of that is that I'm
scared to invest. I'm scared to invest.
I can't motivate you into that. Do you
know what I mean? I can then you do it
and then if something happens, you know,
no financial advice and all that jazz.
If something does happen,
>> then you're upset at me and then maybe
you never do it again. You need to
unlock what is your fear behind it.
Sometimes it goes into your past. Um,
you know, the psychological reasons and
so on. So that's something people really
need to explore.
>> Oh wow, that was deep. I wasn't expecting.
expecting.
Um, okay. Okay. So based on that then
can we get a bit more into like your
upbringing with regards to like money as
well, money, education, that sort of stuff?
stuff?
>> Yeah. So I touch on this um quite a bit
in your money life actually. I touch on
being the youngest of six siblings and
seeing them all have different money
personalities. Two of my sisters were
they loved experiences, they loved
travel, but they were really good
savers. At one point, I have to say cuz
I don't want my sister to get upset if
she sees this. One of my sisters, she
was she was a status girl, honey. She
used to like designer drip. That was her
thing. However, she's now massive saver
and investor. Um, so it's different, but
I saw her growing up with that. My other
brother, he loved
ax trainers, do you know what I mean?
All of that good stuff. Nice cars. And
then another one of my brothers was an
accountant and he was quite
he was an investor, but he was a little
bit risky and stuff. So, I was able to
pick up different personalities. But
what it also meant is that there was
just lots of books around the house um
about like money and different things.
So I read obviously Rich Dad Poor Dad.
That was one of the first books I read.
I was like 17. And then I read you know
The Richest Man in Babylon. So I did a
lot of things growing up um along with
my parents to just figure out my
mindset. My mom studied um accounting
but she started having kids quite young
so she didn't get into it for too long
and my dad was a lawyer. So, I always
have to factor that in because I I
wasn't always aware of my privilege and
what that means having parents who do
certain things cuz that also determines
somewhat apparently sometimes what you become.
become.
>> So, yeah, that was a little bit about me
and I always love math. By the way, my
mom wanted me to be a pharmacist. >> Okay.
>> Okay.
>> Um her vibe was each child does
something different. >> Okay,
>> Okay,
>> I know, right? And my oldest brother was
an accountant, so she was like, "Nope,
we've got one of those." And I was like,
I do not like science and science does
not like me.
>> I'm good at math. I'm going to stick
with my strengths. Even in life,
entrepreneurs will tell you, stick with
your strengths.
>> That I used to try so hard to work on my
weaknesses, but now I'm old enough to
hire them. Oh, Bella, you're really
coming in with the white minus. I love
it. Um, oh, there was something about
what you said. Okay. So, being the
youngest, I find that my youngest
brother, because he has so many older
siblings that are doing relatively okay,
he's very lazy with money. So, does that
not your case? I feel like he just is
too dependent on his older siblings.
>> I think maybe
I got tired of mine. I think I got tired of
of
feeling like somebody was coming to save
me and eventually I had to save myself.
Because as my siblings were growing up,
getting married, exploring the world,
having kids, they have dreams and
ambitions of their own.
>> In my life, I don't want to be a
liability to anybody.
>> I'm always willing to do my share of the
work and anyone I work with or I'm
around, I hope the same for them
>> because baby, this is capitalism. We've
all really got to pull it up. Do you
know what I mean?
>> I love that. So yeah, I just eventually
as I saw them get older and have their
own lives and have kids, I was like,
"What am I really going to ask you for money?"
money?"
>> I just I just thought that was selfish.
>> So with their different money
personalities, did you choose which one
of those you wanted? Like how did that
affect what you wanted your money
personality to be?
>> Oh, I was a mix. Um, so what I learned
from them, especially as a woman, I
wasn't giving my 20s to a man. I was
never giving my 20s to a man. That's
personal. I was never because I know the
sacrifice that comes if you're an
ambitious woman that wants a family. And
I said 20s you can't have that but 30s
onwards you can cuz by then I know
myself you've met me and you either
accept me as I am or you hit the door.
>> Fa this is too juicy. What is what does
giving your 20s to a man mean? What does
that mean?
It means
for me in my opinion,
it means
wrapping your whole identity around them
before you know who you truly are.
>> And you know what's the word? They say
your frontal lobe is still developing. >> Yeah.
>> Yeah.
>> So, how sure can you be about yourself?
And sometimes you have to ask yourself,
>> am I here for security? Am I here
because I'm scared? And sometimes that
is the case. You date people because
maybe you want to be protected or you
like relationships. I'm a relationship
girl. I've been in relationships before.
But the notion of settling down just to
settle down, I still fel still felt like
I had so much life to live and so much
to see
>> and I didn't want anyone to tell me
>> where are you going? What do you mean
where am I going?
>> So was that from your mom that you took
away that of like your siblings or what
made you say that?
>> My sister had her first child at 24. >> Okay.
>> Okay.
>> And that taught me a lot. That taught me
a lot about responsibility of having a
child. And I remember at the time I was
in college and I used to say, my friends
used to say, "Oh, I'm going to have a
baby at 23, 24." And I was thinking, I
have a sibling who's 24. And I used to
be like, "I'm going to have kids in my
30s." And everyone was like, "You're
going to be old." I was like, "I'm going
to be ready.
Financially ready, emotionally ready,
mentally ready. I know what I'm signing
up for." Kids don't come with a receipt.
You cannot take them back.
And I think it's irresponsible for
people to bring children into this world
and not know what they're doing. And I'm
not talking about, you know, what
temperature is the milk. I'm talking I'm
talking about like how are you setting
them up for the best future possible
based on the current world we're in? Or
is it just the thing of oh, this just
happened to me so going to shrug my
shoulders. I just don't think that's
fair. There's just there's so many
layers to this conversation because I
remember there's this lady on Tik Tok,
Madina, something like that. And one of
the I'm not really into the content cuz
that's not really my field, but
something that did pop up on my feed was
um on like the planning of children and
how she was saying that the difference
she sees between the black community and
other communities is that a lot of the
times we just end up getting pregnant,
but in certain other communities they
actually have a plan like I need this,
this, this, and this. and then I'm going
to have kids. And I thought that was
really, really interesting.
>> Yeah. Um I've said to people before that
I have a plan and people said life
doesn't work that way. And I said,
"Watch me."
>> That's what they always
>> And here I am about to be married before
I've had my first child,
homeowner, angel investor, investor of
all sorts, please. International
speaker, please.
Sometimes as a woman you have to chat
your ish a little because people will
try and tell you >> please
>> please
>> plan and if it doesn't work at least
give it back to God and flip it again
and go again.
>> Okay. So I love
>> like for women don't just let life
happen to you and just be like oh it's
just are what are you like you know what
I mean?
>> Come on.
>> Come on. Like I wish I knew how to say
this, but sit up. Sit up for yourself
and your life. My mom. Ooh, can I tell
you a story? >> Yes.
>> Yes.
>> Oh my days. Anyway, let's see who this
affirms. My mom, I remember when I was
like 10,
>> I wanted to go to a particular school. I
won't say what the school is, >> okay?
>> okay?
>> And I used to live in Brixton, but my
school was in Westminster and so was my church.
church.
>> Okay? So, just give you an idea
>> of my life, the two levels, how I used
to live, >> right?
>> right?
>> And I was like, "No, I want to go to
local school. I want to go to a local
secondary school. I want to go with my
local friends." But all of my sisters
had gone to that secondary school. My
mom was like, "Nope, you're going to
that secondary school." And I said,
"Why?" And when I was 10, she said to me,
"You know, when you go to those schools,
they don't always care about you. And
they don't teach you to have a plan for
your life. And because they don't teach
you how to have a plan for your life,
someone else will make a plan for you.
And sometimes you lie down and you get
up and you're pregnant.
Go and make a plan for your life. That
school will give you a plan for your life.
life.
>> Oh, 10.
>> I was 10. And I was like, okay, what are
you talking about? But I swear to you to
this day, I still remember that because
I was like, I get it.
>> And it and it doesn't mean that it
happens with everyone. It's not
necessarily about teenage pregnancy or
whatever. It's actually about
>> does that does that school or system
care about you? >> Yeah.
>> Yeah.
>> Are you going to the best place where
they are going to care about you and
nurture you?
>> That's that's real. That's actually so
real because I went I probably went to
the school that you wanted to go to.
Your mom your mom did good, girl. She
did good. She did good. So, okay. So,
going looking at growing up. So, what
educationally like what did that look
like and what did you want to be as
well? So, you said accountant, right?
>> Yeah. I wanted to be an accountant. And
I went to college and did an accounting
course and I said, "This is boring."
>> Sorry to the accountants. I'm really sorry.
sorry.
>> They know though. They know. Surely you
guys know.
>> Oh, thank God. And do you know what?
Bring on the tech that's going to help
with that cuz goodness gracious me. I
was like, I'm going to be balancing
books. I don't think so, darling. Let's
make this a little more saucy. And I was
just like, fine. I love maths. And my
thing about learning about finance is no
one was ever going to take my money away
from me. That was my promise to myself.
There is no and that's personal
relationships. That's professional
relationships. No one is going to come
from underneath in any single way and
take money. I've heard too many stories
about women growing up where it's like
he left me with nothing. What I said,
uhoh, I don't like those stories and
that can't be my story. So, I need to
get witty quick.
>> So, um yeah, studied math and finance
and did that because it just gave me
a lot of freedom to do what I wanted
outside. And my first job was in a care
home as an accountant assistant. And
they basically lightly fired me. Oh,
they didn't really fire me. They said
basically, you've got got too much
potential. You're too young to work here.
here.
>> So, they forced me into the city.
>> Okay. Okay. I love that. But then I saw
from your story you were also kind of
into fashion and modeling. Where did
that come into it?
>> Yeah. I mean, I'm 510 and
I was 510 and skinny. I said, "That's
it, darling." I said, "That's it. I'm
going to be a model." But it was it was
tough and it was a different time before
the internet. Um, so I used to go and
many places would said say no. But
sometimes I did really cool things like
I would be like um tester model for um
Franco Nas Nars the Nars.
>> Yeah. So um that's one of the fun things
I did. I did a lot of fun things. One
time Harrods featured me on their page
at the inception of Instagram um walking
down the runway and I was really into it
cuz I just thought and it really helped
my confidence. So that's one of the
things I tell people is all the things
you do can add up to help you. I learned
how to take pictures in front of people
and not be worried about who was looking
at me
>> um or videos for example. So that really
helped with my confidence
>> and I think I just grew out of love with
it. The idea of having to be a
particular size and obviously all the
politics so hard for black models. I
know Liam Anderson and I um reached out
to her when she was quite young getting
into it and she's you know worked so
hard. I think she deserves so much more
credit than she gets. Um
>> so yeah, I was into that. Oh and I
wanted to be a model and then my parents
were like yeah that's great but finish
your education and they were like see
what you want to do after. So what I
used to do is my first website was the
so lifestyle the soul lifestyle. Okay.
>> And it was about fashion, finance and feminism.
feminism.
>> So was you doing this alongside working
in finance? >> Yeah.
>> Yeah.
>> Okay. And I was doing it before they
could fire you for being online.
>> Yeah. Because it was the inception of
social media.
>> So I used to have a middle name. I'd use
the middle name at work and then people
would be like, "Are you bowl of soul?"
And I'd be like, "No."
>> I'd straight up lie. And they were like,
"Why are you lying?" But it was like I
don't cuz then women sound some women
would come to me and they start telling
me about their plans and their dreams.
But I always say again, be an
independent thinker. You can't copy and
do exactly what I'm doing. M
>> one of my friends one time was like,
"Yeah, I want to quit my job." Like you
>> apples and oranges.
>> That's all I'll say. Apples and oranges.
I'm in finance.
>> What I do isn't just based on my gender
or my race. It's based on a constant
need in the econom in in the economy.
>> So, and she's a motivational speaker, a
fantastic one, but I don't know that
market. So, I can't tell you when you're
going to be booked, what your cash flow
is going to look like, and so on.
>> That's so interesting. Um, what I wanted
to talk about was forging your own path
because I feel like you are one of the
OG, if I can say, black personal finance
creators from the UK. Can I say that? >> Yeah.
>> Yeah.
>> I mean, I don't know who I don't know
who else I would think of. >> Yeah.
>> Yeah. >> So,
>> So,
>> I don't know when you were going into
that, were there other inspirations that
you saw?
>> So, there was this
thing called UK Money Bloggers, and
there was like 30 of us across the UK.
>> Okay. across the UK. So that's how much
it's changed. Okay. Um and I joined and
some people were really kind to me and
some people weren't. They wouldn't tell
me how they were making money. They were
making affiliate money and stuff like
that and they would just ignore my
messages. But first some um shout out to
Andy and Lynn. They were just so kind
and and helped me understand that world.
But then I started, you know, putting
out modeling pictures cuz at the time in
2015, fashion and beauty were the only
things that were in online. M.
>> So all the fashion and beautyies
especially, they were making money. They
were YouTubers and stuff. And I was
like, "Okay, I'm going to come in and do
finance." And that was tough because it
wasn't popular.
>> But people would love a picture of me
and be like, "Stunning."
>> And then I'd be like, "Yeah, there's a
finance message underneath it." Because
I was I was I was like, "Please, you
have to care. Like all of these people
watching your stuff, they're using money
to buy these things. They need to know
how it works."
>> And I'm not going to lie, between 2015
to 2020, I didn't make a lot of money. M
>> I made like maybe two grand
>> in the 5 years
>> because it wasn't it wasn't popular and
the economy was okay.
>> Influencers were becoming big and
wearing designer was fine and cool and
that you know that's that was the rise
of people becoming richer and richer and
showing how they live a very rich
lifestyle. 2020 hits pandemic bang
>> everyone's now like
>> we need money.
>> Ding ding ding ding ding ding ding. My
phone didn't stop ringing. I said
>> but what made you keep going in those
five years? I guess you obviously had
your actual job, but why did you keep
pressing with the finance personal
finance message if not that you're doing
it for money, but what was the
motivation to keep going? >> Honestly,
>> Honestly,
I don't want to sit in first class on my own.
own.
>> I love that. It's boring.
>> It's boring. I'm currently doing things
on my own and now there are people who
want to come. Not even I'm not
necessarily talking about friends or
family or people I know. And I'm like,
especially as a black woman, oh my gosh,
share the seats. Share the space. If my
kid goes to private school, are they the
only one there who's black? I don't want
that for them. So, what am I doing to
ensure that? So, a lot of it is um a bit
of a selfish ambition, but also like
let's help each other.
>> I love that. That's that's really that's
really heartwarming. I love that. Um,
okay. So, this is that was a really
funny and interesting intro to to Bolos.
So, I'm sure we can dig more into it,
but I know people are itching to get the
nuggets and and and the wisdom, right?
So, I want to kind of get back to the
fundamentals of personal finance. Like I
was saying, we haven't done much if any
of that on this channel. Um, so if you
were going to say, okay, someone is
watching this and they're like, I and I
get this all the time. Actually, the
other day I was asking for people to
send in their wealth and a lot of it is
like I don't know where to start. Like I
want to start building wealth. I have
nothing saved. What are like the
fundamentals of getting your money life together?
together?
>> First of all, you have to work on your
mindset because if you tell yourself
that you need to make a certain amount
of money a particular way, you're
limiting yourself.
>> We're in a new day. We're in the digital
world. So if you say I can only make
money from my 9 to5, that's going to be
true. If you say, "I can only make four
figures a month," that's going to be
true. So, it's also about your mindset.
And also, get a better network. Start
talking to people who aren't in similar
situations to you. Not saying get rid of
your friends. I'm saying start talking
to people. Have conversations. Oh, that
person's earning this, that person's
earning that. One of the best things I
love to do with my close ones is trade
information just to let them know what's
available. So, you have to work on your
mindset. And people want to talk about
building wealth and they don't know
where to start. I've written a book
called Your Money Life. I've actually
written two. And I say to people, pick
it up. Get the Audible. It's there. And
this is why I say to people, go to
therapy because you want me to hold your
hand and be like,
>> "Yeah, but this happened and when I was
younger, and then this happened and
that." And I'm like,
I cannot do that.
>> The world will eat you up.
>> Listen, I worked in corporate finance.
If you do not have thick skin, you are
not surviving.
>> And that taught me that no one is coming
to save us. No one's coming to save me.
No one's coming to save you. So, you
need to make it work for yourself. And a
lot of people need to do that. I've done
the therapy for years. I had a financial
adviser. I still do. I have an investing
coach. Um, I have advisors like no
tomorrow. When I want to execute
something new, I'm speaking to my
adviserss. And that doesn't happen
often, but I do. Whoever it is, and I
know people are now going to wonder who
is that, who is that?
>> You have to build your own network
because my network might not be right
for you, what you're building, but
that's one of the things I learned. And
what's the easiest way to say this? If
you want to build wealth, you have to
grow your income. A 9 to5 is not going
to do it for 98% of people. I am so
tired of the rhetoric online about a 9
to5 can make you rich.
>> The people who can get rich from that
working mergers and acquisitions,
private equity, and so on. Please, tech,
and even now AI's coming. Come on, my people.
people.
>> It's not Oh, come on. Yeah, it can make
you rich. Okay. Are you filling your
stocks and shares Iser up to 20K every
year and that's the ISER allowance
>> and ensuring that you have more. How are
you doing this? Oh, property the
property game is changing.
>> So, how are you building this?
This is why I say a lot of it as well is
about your mindset. What are you is
there anything you're afraid of? Because
I talk to some people and I hear a lot
of fear
>> and I'm like right. And unfortunately,
although there's more women coming out
now, which I love, I wish there were
more confident women available. I feel
like there's still a small pool in
comparison to men. I talk to men who
don't know what they're doing, but
they're still doing it anyway.
When if I tell you the amount of guys
that I speak to that do nonsense with
their money, they're so easy to let
they're 20k into crypto, 20k into this
business that don't work, 50k into this.
I'm like, you guys are they're so a
readily able to just let go of their
money into stuff. And what happens is
that four of the things might fail, but
the one thing that takes off,
>> it will outdo the fact that you just and
then women will just sit there with
nothing. And a lot of women actually
save quite a bit and do nothing with it.
They just keep it in the bank account
feeling cushy. Or they make plans
forever. I was talking to my friend.
She's had a business idea for like three
or four years and was like, I need X, I
need Y. I need connections in Kenya. Did
she say Uganda? Maybe she did. and I
need this amount of money. I said,
>> What are we doing as women sitting on
our ideas, sitting on our money? We have
to keep moving forward.
>> Otherwise, we're just going to
constantly complain about the gender pay
gap, the investment gender. No, the
gender investment gap, the gender
pension gap, all of all of the gaps.
Child, all of the gaps. And we don't
close that if we don't have audacity. Mhm.
Mhm.
>> I can't say that enough. I'm very
audacious and I'm glad I am because it's
made me curious and it's made me go into
rooms. I asked someone the other day to
be my mentor. They kind of said no, but
then they said yes. He sold his business
for a quarter of a billion.
>> I can call him when I like.
>> I don't. I'm busy. He's busy. I like to
call with a purpose.
>> But the point is
get audacious and start asking questions
and not just to the people you know and
like. People will come and see me and
I'm so appreciative and I love my
community and then they want to make me
the person their go-to. You need to have
multiple go-tos. If I want to start a podcast,
podcast,
>> I'm going to reach out to you.
>> If I want to build wealth without
borders, I'm going to go to you. If I
want to build a property portfolio, I'm
going to go to Bricks with Tips and
>> and so on and so on. If I want a
financial advisor, I'm going to Manuko.
I could go on and on. You need to know
who to go to for what. Cuz some people
as well, I don't believe people who
haven't done it. I can hear you. I can
take a bit of motivation, but when
people are like, "Here's what you need
to do next." I'm like, "And what? And
what have you done?"
>> Well, let's get serious.
>> So, I love that. So, mindset, building
your team of like go-to people. What
other things?
>> Um, yeah. So, like I said, advisers.
Make sure you have your advisers and
build your income.
>> Build your income. Yeah.
>> You want to build your wealth, build
your income. I speak to some people,
spoke to someone the other day. They're
an engineer. I said, "Do you do
consulting? Find out how much people
charge for consulting. Again, limited
beliefs, limited mindset. I'll tell some
people sometimes they'll come to me and
they'll say, "This is the scenario. How
much should I charge?" I'll say, "Six grand."
grand."
>> Oh, no, no, no. Why? Cuz that's how much
you make in three months usually.
Take the money. At least try and
negotiate down. So now they know what
level to to go at with
>> approach you at. Yeah.
>> Otherwise, just be stuck.
>> You have to get audacious and you have
to start asking what's the worst that
can happen.
>> Love this. Don't be afraid to like keep
your integrity, but you know, shuffle,
negotiate, see what's out there.
>> I'm always asking, what's the budget? >> Yeah.
>> Yeah.
>> How does saving and like budgeting as an
individual, where does that come into it?
it?
>> Okay, thank you for asking because it's
always good to go back back to basics.
Budgeting is knowing where your money is
every single month. I know people get
paid weekly and so on and some people
get paid more than once a month. That's fine,
fine,
>> but you need to look at what are your
expenses, what's changed and so on. I
tell people no two budgets are the same
because people think, "Oh, yeah, but
that's what I paid last month." Okay,
but bills have gone up. Has has that
reflected? Are you now in overdraft
because you didn't notice that?
>> It is important to budget. I always say,
do not go to someone else's house if
yours is not in order. Please.
Please.
>> Sometimes I'll say to people, "No, I'm
not coming." And I'm at home fixing my
life. I don't know what that looks like.
That could be stretching. That could be
doing my budget. That could be looking
at my investment portfolio. But I make
it a habit. I am not going to somebody
else's house or event if mine is not in
order. And so many times we abandon our
own house, our own portfolio, our own
lives to go to something else.
>> It may not be your friends, it could be
an event and so on. and then now you're
in the middle of the an event like those
memes being like what am I doing with my
life it was at home budget every single
month and don't wait for the first of
the month because the month has started
please do it before and also pay
yourself first I think a lot of people
apart from obviously the bills and as we
get older because when you're young and
maybe in your early 20s and you're
blessed enough to maybe be at home with
your parents or guardians you have a lot
of extra income and it's very easy to be
like I'm going to get this I'm going to
go to this retail Can I go to that
retailer? Have you paid yourself first?
Have you saved? Have you invested? At
the very least, do you have your
emergency fund?
>> What are you doing for yourself? So,
it's important to budget. It's a boring
exercise. People need to learn to do the
tedious work.
>> Do that. Figure out where you are with
your finances and go to the next level.
And of course, saving is a good habit to
build. I learned to save when I was very
young and it it just it just helped me
because when I was in when I was in uni,
I didn't know anyone actually used their overdraft.
overdraft.
>> I came out of uni and I was like, why is
everyone talking about overdrafts on Twitter?
Twitter? >> Honestly,
>> Honestly,
>> and I was like, "Oh, wow." Okay. And um
and it's because I learned to budget. I
got student loan and I would instead of
splitting it between 10 weeks, I'd split
it between 14 for the you know, the like
holiday period as well that you'd have
off. Um, but yeah, no, budgeting is
important. It's something you have to do
every month. Do what you need to watch
your favorite program in the background,
play some music, but make sure you do
it. You want to know where your money's
going and why. And a lot of people don't
and then they're angry later. Even
sometimes companies are taking money
that they're not they shouldn't be
taking out of your account, but you
don't know because you're not checking
>> literally. Why are you now charging me?
And I'm not talking about free trials
because free trials gets everyone.
>> Free trials, they're like, oh, they take
that money out and you're like, great,
new subscription for a month. I'm
talking about your bills going up and
you're not even questioning why.
>> If you don't question why your money's
going, you don't care about your money.
>> What if someone says, "But I really
struggle with budgeting. Every time I
put my budget together, I never stick to
it. And so because of that, I can't
save." What would you say to that person?
person?
>> I would say on top of using an Excel
spreadsheet, which I think is really
good, I also use the app Emma. I really
love the app and I let it um sync with
my main bank account. And um what that
does is it tells me what my budget looks
like in real time. So if I have after
all the like bills I have mortgage and
all those bills and so on. If I have
like cosmetics and stuff, I make sure I
put everything into the categories
necessary and transactions because it
will show me in real time you're maybe
about to go over your limit in this
category or you're under. And that's
really what I'd suggest because you need
something you can trust that will tell
you in real time where you are with your
money. and you need to go in and I would
and I make it one of my main apps
>> and it also sends me um a message every
morning so I know my balance and the
balance either shocks me into
>> girl you got to stop. Sometimes I see
that balance and I say no coffee outside today
today
>> or I'm like okay I'm all right I've got
a little more freedom of movement but you
you
>> apart if you struggle with budgeting
check your balance every day
>> we wake up we scroll wake up check your balance
>> I love it
>> that will that cuz trust me it can
humble you or excite you
>> actually so true I love it and I think I
probably would echo like all of the same
things. And I think the point on
increasing the income is so important
because I think that initially the
easiest place if you want to save a bit
more, the easiest thing to do or the
quickest thing to do is to cut back on
your expenses, right? Cuz that's
something you're probably doing on a
daily basis. So you can make daily
changes. But there comes to a point
where you can no longer cut the
expenses. And so your only other option
to increase the amount that you're
saving, to increase your rate of
building wealth, is to increase your
income because at some point you're
already living in a studio. can't
downsize any further or you have four
kids, you need a three-bedroom house.
So, you can't cut back on that. So, at
that point, it's like I have to increase
my income. If you're enjoying this
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I I couldn't agree more. I used to be a
cutback merchant, but the cost of living
kept living. I said, uhoh, we got to get
serious. I was like, VA,
time to start asking some questions. And
all this network I've built, I said, get
professionally aggressive. Which meant
that I started asking people straight
shoot questions. I said to people, this
is how much I'm making. this is the
range of how I'm making. How can I get
to X?
>> And some of them said, let me show you
how to get to Y,
>> which is a new figure. And the whole
point is seven figures, by the way. I
just don't want to seem like I'm gatekeeping.
gatekeeping.
And the whole point is that you need to
start asking questions. But also, once
people, advisers, mentors, friends give
you those answers, jump.
Take the leap. Don't be that. Because I
give out a lot of good information.
People say I'm very generous with how
much information I give out versus what
I get back. And some people and mentors
are mad at me cuz they're like, "Stop
helping them. Focus on you."
>> Nothing is worse than when I speak to
somebody and I give them information or
advice and I see them again in like a
year or whatever because I don't have a
personal relationship with them and they
are still in the same place and I say to
them, "You've wasted my time." >> Honestly,
>> Honestly,
and time, money, and energy are very
interchangeable. I do not I do not like
it. I like to show up on time, respect
people's time, and so on. So, if you ask
me for even 30 minutes of my time, and
that's generous
>> for someone I don't know at this stage
on top of having a fiance, having family
and friends that you care about, you
want to fit that in. Again, I cannot be
your therapist.
>> If that's the step you need, go out and
do it. But if I talk to you, somebody
came into my DMs the other day talking
about, "Oh, haha, you told me to do
this." And and I said, "So, why are we
kikiing in the DMs?
No, but it's so real. And I think one of
the things for me that I always like
whenever I have mentors and they tell me
to do something, I will never come back
to them to have a follow-up conversation
if I haven't actioned what they told me
before because it's rude. And I remember
Damian on the last episode, he was like,
"It's just disrespectful. It's actually
rude and dis. You keep coming for help,
coming for help, coming for help, but
you're not taking any action. You keep
coming back." Even when I was reading
some of the dilemas, I'm like, "But if
you've watched the episodes, it's free
content that is there for you. What do
you mean you don't know where to start?
There's so much information there.
>> People want their handheld. >> Literally,
>> Literally,
>> they want their handheld." And I'm like,
"Who was holding my hand?"
>> Starting out in the corporate world, who
was holding my hand when I first became
an entrepreneur? Nobody. I learned
>> people are afraid to fail privately and
publicly, and it is holding them back.
And then they wait for you to succeed
publicly after they've watched your
failures and they're like, "Can I get
some help?" No. Go and fail
cuz we all did. You're so real. That is
is it's so real. And I think that one of
the things that I think shocked me into
like taking action is one of the things
that we have to realize, and this isn't
even a a race thing, a g on top of all
of the other stuff, right? Forget about
race and gender or whatever. The system
of capitalism is designed to have a very
small group of people at the top and the
rest of the people at the bottom. And
it's not designed for you to be able to
keep climbing up and building wealth.
All of this stuff that we're doing, the
system is not designed for us to want to
to do all of these things. Even if we
aspire to it, they give us a little bit
of hope, but you're not really supposed
to transcend levels. So you have to
realize as as a as an agent, right, that
if I don't take action that is going
against the grain, it is easy to spend
all of your salary every single month
and enjoy this and enjoy that. But just
know that you're playing into that
system. You're feeding that you're doing
exactly what they want you to do. But if
you say, I want to build wealth and I
want to start transcending certain
levels and certain income, you have to
go against the grain because the system
does not want you to do that. So if
you're just sitting there, oh, I I I
don't save any money. Oh, I don't
budget. Oh, I don't invest. I don't do
anything. I'm just like, you don't know
how how well the system is designed to
keep you down and you're just allowing
it to keep you down.
>> Yep. And I that's why I say to my
audience, and I joke about this, I say,
don't come looking for me at 50.
>> I don't know how much longer. Um, but I
say, "Don't come looking. Don't you dare
talk about budgeting to me at 50." I
studied math and finance. I was at level
three just from being in my corporate
career and having a higher understanding
of money. I came back to level zero to
help my community. I have done level
one. I have done level two and I'm going
to level three. And if you're still
trying to talk to me about level zero,
you're shocking. Read this. Read this.
The content is out there. I think no. We
because do you know what? We've been
doing gentle parenting on people who
aren't our kids
and it's not working. It's tough love
season. It's tough love season. Love
day. I've had enough.
>> Um, you do something on your on your
page called Finance Fridays, right?
Where people kind of send in their
dilemas and stuff. What are the common
trends that you kind of see with people?
Because I would assume some of the
people who are watching will also be
going through some of that. Maybe you
can give some advice around that.
>> Um, I get a lot of questions about
people being in debt. So I get a lot of
questions about that and I'm
understanding of certain scenarios.
That's why I say everyone's scenario is different.
different.
Someone although they weren't in debt,
their parent was ill.
>> So I understand that. I get a lot of
questions about investing. I also get a
lot of financial dilemmas regarding relationships
relationships
>> and that's
you know that can be tough because
depending on the situation and how much
context I have I try not to judge too
easily. I'm not a I'm not a a leave them merchant,
merchant,
>> you know. I'm very much a Can you give
me a bit more context? Sometimes I say,
can you circle back? But what's always
important to me is like where is your self-esteem?
self-esteem?
>> I need to feel like
>> you understand your value enough to not
allow certain things such as financial abuse.
abuse.
>> So that's kind of like the trends that
you're seeing with
>> that's really interesting. Um, one of
the things that maybe ties in a little
bit with that is like emotions and
spending. And I think I I remember you
mentioning on another podcast that like
sometimes when you're um it's like PMS
or that time of your cycle, you might
spend a bit more. Could you speak a
little bit about like people managing
their emotions and their spending?
>> Yeah, I think as you know there's a
well-known saying, never let
success get to your head and failure get
to your heart. I think the same goes
with emotions when it comes to spending.
when we feel really good and really
excited. So once we're at the height of
either, we can choose to spend. Oh my
gosh, I've done this. I've got a
promotion. I'm spending today. I deserve
it. Or I feel really sucky about a
certain situation. I'm going to spend
money to make myself feel better. I used
to do that. One of the things that's so
important is you think about what else
can I do and what relationship with
money am I building through this habit? M
M
>> so often um I used to be like oh it's
Friday I'm going to get a takeaway and
so on
or you know I see some people that's
like yeah I'm going to buy some jewelry
and I'm like that becomes an expensive
habit and you don't have the listen we
have to be honest a lot of people I used
to see doing it I was like you don't
have the bank account to match none of
us do we were coming up earning salaries
I'm like that's a lot of money you're
spending we have to think wisely and
sometimes I was willing to spend more
and sometimes I'm very tight I go in
between. So I say that you have to be
able to manage your emotions. So I make
systems in my head. PMS is coming up.
All I try not to spend because you might
be doing this from an emotional space.
I'm upset about something. Go to the gym.
>> That's good. Make for all your bad
habits um translate them into healthy ones.
ones.
>> I love that. I love that. Oh, there's so
much that we actually haven't even gone
through. So you might have to make a
comeback soon. You might have to make a
comeback because there's so much I want
to go through that we don't even have
the time to go through. But let me think.
think.
>> Um, okay. One of the things that I also
see as well with the dilemas is a lot of
people who are struggling with guilt.
So, they might be watching this and
they're like, damn, I wish I didn't
spend 100k on my wedding. I wish I got
started with saving earlier. I wish I
got started with investing earlier. What
advice would you give to those people?
Don't be like Lot's wife and turn into a
pillar of salt by always looking back. I
literally just spoke about that on my
Instagram. So often we beat ourselves up
for the decisions we made. We cannot
change that. All we can do is change the
future and we have to be able to do
better things for ourselves, change our
mindset and do new things. I'll give an
example. I started the Bolo Show when I
was 25 and I had two choices. Buy a
house at 25 or start the Bolo Show. and
I started the Bol show. So I bought when
I was like 29, moved in I think when I
was 30
and I'm okay with that because of where
the B soul show is now,
>> how I do it and just the career I've
built for myself.
>> Um so it was an investment because a
house is not enough if you don't have
multiple streams of income in this cost
of living and capitalistic
>> life that we have. So I'm grateful and I
try not to look back on that so often
because then I think it rids you of the
blessings that came with it.
>> So even if you spent 100k on a wedding
at the very least hopefully you are
still in a healthy happy marriage
>> and you can look back and you have
beautiful pictures and beautiful videos
and that's okay. Start where you are
now. That another saying the best time
to start anything was 10 years ago. The
next best time is now.
>> Yeah. we focus too much on the past.
>> I love that. That That's good. That's
really really good. Um and succinct as
well. And I think that's all you can do.
All you can do is look forward because
keep mulling over the past is not going
to get you any closer to that goal that
you want. Um so then coming back to
yourself and reflecting on your own
growth and your own mindset. Is there
any areas with regarding to building
wealth where you still feel like even I
still have a way to go in terms of the
way I think about this particular this
particular thing or this particular area?
area?
I've done a lot of mindset exercising in
>> One of the things I've been thinking a
lot about is you have to work hard for a
long time before you can work hard and
smart and it translates to just smart.
And I think a lot of people think you
can just work smart. You know, that's
the that's that that's a new buzz word.
Let's work smart.
You've got to hustle first. I'm 10 years
in the game and I've probably got at
least another five
to 10 before it translates into just a
working smart. So I'm in a place of
delegation now training people to
understand how I think and my vision in
order to execute it for me. And then
once I get enough investment vehicles
and stuff where the money is just
printing and it's passive, that's the
working smart. But that doesn't come
overnight. I need capital. So I need to
hustle. And that comes in different
ways. It doesn't just come with, as I
say, shining my teeth online. It comes
with doing other things behind the
scenes. And um I just think it's
important for people to know that because
because
as long as you as long as you're
working, you're not free. And there's
nothing wrong with that because we're
young, you're supposed to go and get it.
And some people just want to win the lot
the lottery. I'm like, you will be
bored. You you think you think you will
be bored. And sometimes you won't know
what to do with the money and you
wouldn't have earned it, so you won't
value it as much as something you've
earned. And it's one of the reasons I
don't play the lottery because I'm like
it teaches you a bad lesson about money.
>> Very true.
>> But yeah, I just say you need to
understand you need to work hard for a
while and work smart at the same time
and then just figure out a system along
the way and bit by bit. It's almost like
a race when they're like got the bat and
first it's work hard, work hard, and
then you've got a teammate and you're
like, "Hey, this is how I run and this
is how I do things." You pass it to them
and the person behind it is work smart
and then the rest is passive income.
It's a it's a fourpart race. like you
you've got to see it that way cuz I know
a lot of people want to break but baby
so do I.
>> That is a I love that analogy. I love
it. All right, so we're going to be
moving on to the wealth boy segment and
this is basically where one of the
listeners sends in a dilemma that they
have and they just kind of want to get
your opinion on what you think they
should do. Um so let me read this person
says my spice my spouse and I are in
debt of 25k pound started at 10k after
our wedding and it was growing as we
were not proactive with the debt we have
about £8,000 on MX £5,000 on PayPal a
£5,000 bank loan and the rest is on
overdrafts we earn £5,500 per month and
spend 1.4k 4K on minimum payments and
then another £3,000 on bills and living
expenses. How can we quickly come out of
debt only using our £1,000 per month? I
guess that's the the amount they have
spare a month.
>> Oh, first of all, I think that they need
to look at they need to line up all of
their debts, the amount and the APR, the
annual percentage rate, so the interest,
and look at what's costing you the most
and potentially deal with it in that
order. or potentially you can um
snowball as you like. But I think
whatever's costing you the most, you
just need to eliminate that and go from
there. Some people as well see if
possible and you can do a light check to
see if they can get a loan that can
basically take up the full amount of all
of their debts. >> Okay?
>> Okay?
>> And then basically use that amount and
wipe out the other debts. Get rid of
them if they're a distraction and they
can't trust themselves
>> because that's key. Some people don't
have financial discipline. That's okay.
And then just pay off the one loan. Um,
so there's a few options that they can
do and look at, but um, they have to get
on top of it. And I also think they
shouldn't be afraid to speak to a
charity like Step Change or National
Deadline. When people have debts like
this, they come to us,
us,
>> but it's also okay for them to speak to
someone on the phone. Those are
charities. They're willing to help as well.
well.
>> Oh, really? So, what would the charity
do? Would they pay off your debt?
No, more than anything, what they'll
just do is maybe give you different
solutions and talk about because
obviously you can talk to your creditors
and stuff like that, but you like I
said, look at what's charging you the
most cuz I'm thinking, okay, overdraft
is probably the highest, probably at 39%.
39%.
>> Um, I'm sure the
>> is that how much an overdraft
>> charge? So, yeah. So, overdraft is one
of the most expensive forms of debt you
can take out in terms of credit.
>> Um, and then loans might be cheaper.
Credit cards you might get between the
20 to 30 rate, sometimes 30 plus. MX,
you know, they have good perks, but you
keep a balance, they'll charge you.
>> Um, so I definitely say they need to
look into all of that.
>> I love that. I think that's super um
practical advice. One of the things I
kind of wanted to get into is the
wedding thing. Um, and I know you
recently got engaged, so congratulations
to you. Um, but I hate personally I hate
to hear that people get into debt for a
wedding. Something about it just really
irks me. Uh maybe it's it's the it's the
I don't even know what it is, but
something about it and I'm just like really
really
>> it's a day. >> Yeah,
>> Yeah,
>> it's a day.
>> This is what people aren't realizing. A
marriage is for life. A wedding is a day.
day.
>> That's the thing. That is the thing. So
if there are other cuz we've had a
couple of people who were and there was
another dilemma we had as well that was
like I'm in x amount of debt but I'm
planning for a wedding at the end of the
year. So like and I was like okay what
would your advice be?
>> Don't go into the marriage with debt as
much as possible. Please do not. And two
do not bow to expectations. Do not bow
to pressure. Cuz so many people are like
oh but it has to be like that. It has to
be like this. Do you have the money or
not? Because the times we're living in
is the ones where people are basing
their whole lives on other people's
social expectations. You're doing trends
online of what you think you should do
and you're not actually building wealth
for yourself and this is how you and
your spouse get into a cycle of living
for everybody else. But who else is
paying that mortgage? Who else is
filling up your stocks and shares Isa?
Who else is doing your pension for you
and preparing your kids? Nobody. So
sometimes you have to say, "Hello, hi.
We're going to have to cut back on the
numbers or we're going to do this or
we're going to do it smaller." And you
know, someone actually said to me, um,
"Oh, I know times are hard because I
said I was having a small wedding."
>> I said, I said, "Baby,
the average cost of a small wedding,
no, the average cost of a wedding in the
UK I made in a month. You can check the
numbers. I choose to keep my money.
I love it." You know what? There's so
many things. There's so many things on
that. First thing is that I find it
really interesting that one of the
biggest reasons for divorce is financial
problems. And so for you to create that
at the point of joining together and
take that into the marriage is very
interesting. And we've even had a guest
on here who was very candid, Haley
Melinda, who was talking about like when
it was their wedding, she had to um bear
the a big brunt of the cost of the
wedding. and she's the woman in the
relationship and she was saying how that
caused resentment in the marriage going
forward, right? And I think that one of
the things that I'm starting to realize
with weddings and I think I think we
don't realize how much free will we have
because we see everything as tradition
and so we think we have to follow things
in a particular way and do it how
everyone else is do how everyone is
doing it. But I think as I've getting
older more people are getting married
and I'm watching how they do things. So
I remember the first time I went to my
friend Chile's wedding. Um, and she had
a beautiful wedding in Lake Coma. And I
don't know if she told me this before or
if I saw it on the day, she didn't have
bridesmaids. And I remember thinking
like, you didn't have like I remember I
think she told us beforehands. I was
like, "Oh, how many bridesmaids?" or
something. She was like, "Oh, I don't
have bridesmaids." And I was like, "You
don't have bridesmaids." And then after
like going and seeing her wedding and
everything happens. I'm like, I actually
didn't notice on the day that she didn't
have bridesmaids. It was just the day
was centered around her and her husband
and it was a beautiful wedding. And that
was the first time I kind of realized,
oh, you don't actually have to do
there's nothing that says you have to do
it like this and this and this and this.
And I even remember also recently seeing
um Renee Kapuku. She she got engaged and
she got married quite soon after and
they had a really beautiful um uh what's
the registry and then like a party
afterward and then they went on like a
really nice um honeymoon and they got
like um they were in like business class
for like the flights and stuff and it
was just like
>> yeah like you can actually do it in
whichever way you want. And I think when
you start removing this whole because I
think that we have this perception that
if you don't do it big it's because you
don't have the money for it. And it's
just like some people just don't want to
spend the money on it. Like I have been
so adamant on like when I get married in
my 20ies I I've been from way before I'm
not having a bid wedding. I I'm more I'd
love to have a big wedding as a
celebration. So maybe like 5 years into
it, 10 years into it because I think
what you what what is really more
special to me to celebrate is like
sustaining a happy marriage. So yeah,
couldn't agree more. I don't have any
bridesmaids. Um
>> you don't have any bridesmaids either.
Why did you have a shocked face?
>> No, no. I just I respect people
especially women. I respect women who do
not crumble to society norms because
it's very easy for us to give into
pressure and feel the need to be at
service for everyone and make everyone
happy. But then it's like, are you
making yourself happy? Is this what you
want? I say I don't have any
bridesmaids. My nieces are like faux bridesmaids.
bridesmaids.
>> Oh, I love that.
>> And they're just going to wear dresses
and I'm like, pop two, three, four down
before me. Go, go, go, go. But the whole
point is that
>> I'm I'm not doing I'm not giving into
the hoopla. People keep asking me, are
you stressed? And to be fair, not
really. I do have more on my checklist
>> because I'm an entrepreneur. I do other
things as well, but apart from it, I'm
all right. How do you deal with like if
your family's pressuring you to like do
certain things or have like I'm Africans
like have certain numbers. How do you
My family respectfully do not pay my bills.
bills.
They can give me wonderful advice. None
of them are living in my time
>> because even if I have older siblings,
they're not necessarily living in my
time because we are not the same age in
the same time. M
>> so what I choose to do is with my money
and my happiness is now mine. That's the
whole point. You're joining with someone
else and you're saying this is what we'd
like to do.
>> And bless my mom. She I know she would
probably like something a bit bigger.
But I'm about intimacy. And there's
something I say that's very key in marriage.
Make sure you invite the people that
when you want to sit down in your
marriage, they will stand up for you.
And those are the people who get a seat
at my wedding.
And it doesn't necessarily mean there
aren't other people who won't stand up
for my marriage. It just means that if
the numbers get too big, I think also we
have to talk about anxiety and overwhelm.
overwhelm.
>> I think enough people,
especially because I do a lot of stuff
outside. I can talk to a crowd of a
thousand, 10,000 at one point and it's
fine. But it doesn't necessarily mean
that I always want to
have that many people on show on my day
and be talking to so many. There's a
difference because I'm usually on the
stage. When you're on the stage, you can
talk to everyone and you can go back, right?
right?
>> Go through the back room.
>> So true.
>> But on the day a thousand people, thank
you. Thank you. I have seen so many
brides and I'm like and grooms and I'm
like, you don't look happy because you
look overwhelmed. It's not that you're
not happy, you look overwhelmed. >> Yeah.
>> Yeah.
>> Just like I just
>> I love that. And I think one of the
things that I have been telling myself
just in life in general is that
something can be lovely and you can
really love it for someone else and not
want it for yourself.
>> Yes. But I think we don't know how to do
that as a society. Like that is like my
brother's wedding was amazing. It was in
Portugal destination. Amazing. I loved
it. I loved it. And I I even posted on
social media. So many people loved it.
Loved it for him. Still wouldn't do it
for myself.
>> Yeah. And that's the difference. My
sister had a big wedding in Nigeria.
Loved it for her. Wouldn't do it.
>> And I told my mom through every sibling.
I'm the youngest of six. Told my mom
through every wedding I saw with my
siblings. P.S. I'm not doing this.
>> I was like, uhuh, not me. And she used
to cut her eye at me because she used to
just be like, maybe she'll change her
mind. And I know when I was engaged, she
was so happy and she tried to send me
suggestions. And I just I really had to
put my foot down. Again, you have as a
woman, you're a grown woman, you know,
>> forget just paying your bills. You are a
grown woman who I have to make my own
decisions. And you said something
earlier and I just there was a point
that you said, I think we need more
independent thinkers. I think we need
more people who go against the grain of
whatever the status quo is because I say
to a lot of women, you can't marry your friends.
friends.
>> So many I know this is supposed to be
about finance but but but many people
they make their friendship circle men
and women too important then they get
married and then there can be a sense of betrayal.
betrayal.
>> So why
you you've got to find a good boundary
and set that. I'm not saying don't be
close with your girlfriends, but have
girlfriends who understand that once you
go to a new level of life, they can't be
calling you at 11 p.m.
>> I love that. I love that. It was such an
interesting conversation. I'm interested
to hear what you guys think as well. So,
leave your opinions in the in the
comment section regarding the dilemma in
general, but also with regards to like
weddings and debt and stuff like that.
Okay. So, we're going to move on to the
quickfire money questions. three
questions and then just tell me the
first thing that comes to your mind. So
the first one is what is the best
investment you've ever made?
>> In myself.
>> Yeah, this is our most popular answer.
What does that mean?
>> It means I bet on myself when no one
else did. Talking about finance at a
time when the economy was good and
fashion and beauty was popping was not
popular, but here I am still relevant 10
years later. >> Oh,
>> Oh,
what is the biggest money mistake you've made?
made?
biggest money mistake.
That's such a tough one. Um I think
yeah, when I got my first credit card, I
didn't really understand it. So I don't
think I made wise decisions in the first
few years.
>> What does that mean? Like just
overspending, not thinking about APR and
interest and and how it all works
together and how much it's costing me.
So it's not necessarily I couldn't pay
it off. I was just like, "Oh, I've just
got a credit card." And I went with
credit card with who I bank with. and
the reason I did is just because I knew them.
them.
>> Whereas now I'm like, "No, what perks am
I getting?" And then every time I did a
transaction, it would charge me. And I
was just like, "Is this normal? Hello,
get me out of here." So, it's things
like that that you learn and then you
start saying, "But what's in it for me?"
And I think a lot of people just feel
like, "Oh, thank you so much for letting
me in to your, you know, credit card
product and so on as opposed to saying
in every single thing, hello, hi. What's
in it for me?"
And what is one piece of advice you'd
give to someone who is trying to build wealth?
>> Grow your income. Grow your income. It
will make it so much easier what you can
All the the difference is the zeros.
Grow your income.
And if you don't know how, start by
networking. Networking is really your
net worth. Yeah.
I love it. This was so good. We didn't
guys, we didn't touch half of what you
wanted us to touch, but it was so good.
So, if they're looking to find you, find
your book, where can they find you?
>> Ah, let me hold this up. This is um an
exclusive version because it's this is a
new cover that's coming out. So, your
money life, you can um pre-order it. I
would say go to the Penguin website
because there's different
>> outlets you can buy this from online. Um
so, of course, like Amazon, Water St.
all of that good stuff. And yes, I am on
social media on Instagram, Ba Soul. So, BA_SOL.
BA_SOL.
I'm on Tik Tok. It's just Ba Soul. And
yeah, I'm on all the others, you know,
the Substacks, the LinkedIns, and so on
and so on. Um, but yeah, it's it's so
great that we finally got to do this,
and I just think what you're doing is
remarkable. I think you are remarkable. Oh,
Oh,
>> thank you.
>> And I just wanted to say that on your podcast.
podcast.
>> Thank you. Thank you for coming. Thanks
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