Earn Your Leisure

Welcome back to another insightful clip of Market Mondays! Today, we’re diving deep into the dramatic and historic collapse of Super Micro Computer Inc. (SMCI). From peaking at a staggering $122 to plummeting down to $26, SMCI’s decline offers a wealth of lessons for investors and tech enthusiasts alike. *Key Points Covered:*1. *The Fall of SMCI:* Host Rashad Bilal introduces the episode by highlighting the shocking descent of SMCI’s stock price and the company’s current struggles, including talks of delisting. 2. *Overhype of AI and Market Realities:*Troy Millings brings up a crucial point about the fears around the overhyping of artificial intelligence and how it may have led many to invest unwisely in companies like SMCI.3. *Learning from the Past:*Ian Dunlap emphasizes a timeless lesson: there is no “Nvidia killer.” He stresses the importance of investing in leading companies that genuinely drive the GDP of America rather than seeking alternatives that might not hold up.4. *Factors Behind SMCI’s Downfall:*The hosts collectively unpack the reasons behind SMCI’s decline, particularly their problematic financial reporting and the inability to file necessary documents correctly, which led to external auditors like Ernest & Young stepping away.5. *SMCI's Clientele and Partnerships:*Despite SMCI’s issues, they still boast significant clients like Microsoft and AMD. Troy discusses the implications of these partnerships and the critical role SMCI plays in accelerating NVIDIA’s GPUs.6. *Future of SMCI:*With crucial financial reports pending and the impending risk of delisting, the future remains uncertain for SMCI. The hosts speculate about the possible shake-ups in the company’s leadership and how this might affect their market standing.7. *Alternative Investment Insights:*As a potential alternative, Troy suggests keeping an eye on Dell as a new target should Nvidia decide to pivot away from SMCI.8. *Trust in Financial Reporting:*Ian underscores the importance of accurate financial reporting and trust in business, citing how SMCI’s alleged dishonest practices could severely impact their credibility and future partnerships.9. *Economic and Market Indicators:*Rashad hints at a broader discussion on finance and market indicators, touching upon upcoming content and interviews, including a notable conversation with the team at Business Untitled.Join us as we dissect these events, providing you with actionable insights and takeaways. Understanding the intricacies of SMCI’s collapse is not just about witnessing a company’s downfall but about learning essential investment principles and being cautious about market hype.Whether you’re an experienced trader or just starting your investment journey, this episode of Market Mondays is filled with valuable information that can help guide your decisions in the complex world of stocks and technology.*Remember to like, subscribe, and hit the notification bell so you never miss an episode. Let us know your thoughts in the comments – what do you think about the SMCI collapse? Do you agree with our analysis?**Hashtags:*#MarketMondays #Investing #StockMarket #SMCI #SuperMicro #TechStocks #NVIDIA #AIInvesting #FinancialReporting #InvestmentAdvice #TechIndustryAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Welcome back to another clip of Market Mondays, where our hosts Ian Dunlap, Rashad Bilal, and Troy Millings dissect the most pressing issues and trends in the world of finance and investment. In this episode, we analyze the insights shared by billionaire investor Mike Novogratz, focusing on his investment strategies and market predictions.Mike Novogratz, who made headlines with his appearance at Invest Fest and on Market Mondays, reveals why he considers U.S. debt his biggest concern. He emphasizes the importance of hedging against inflation and shares his top investment picks, including cryptocurrencies like Bitcoin and Solana, precious metals like gold, and tech stocks. However, he also warns of an impending tech crash, drawing parallels with past market downturns.The team delves into the potential of gold reaching $10,000 and discusses realistic price targets and investment strategies, including the utility of ETFs like GLD for investing in gold. They also explore the crucial role tech stocks play in driving the U.S. economy and the sustainability of this trend.Ian Dunlap offers a forecast, predicting a dramatic pullback in tech stocks by 2027, pointing to various economic indicators such as the debt-to-GDP ratio and the issues plaguing startups, private equity, and commercial real estate. Warren Buffett's recent moves, including Berkshire Hathaway's hefty cash reserves and tech stock sell-offs, are scrutinized for what they might imply about future market conditions.Join us for a comprehensive discussion that covers everything from the present investment landscape to future market corrections. Don't miss out on these invaluable insights from the brilliant minds of Market Mondays.If you find this content useful, please like the video, subscribe to our channel, and hit the notification bell so you never miss an update. Share your thoughts and questions in the comments below—let's keep the conversation going!#MarketMondays #Investing #Finance #MikeNovogratz #Crypto #Bitcoin #Solana #Gold #TechStocks #InvestmentStrategy #StockMarket #EconomicTrends #WarrenBuffett #BerkshireHathaway #USDebt #InflationHedge #IanDunlap #RashadBilal #TroyMillings #InvestmentTips #FinancialLiteracy #WealthBuildingTune in next week for more insights and stay updated with the latest in financial markets and investing trends.---Explore previous episodes and a wealth of financial conversations on our channel. Whether you're a seasoned investor or just starting, Market Mondays is here to guide you with expert analyses and actionable advice. Let's navigate the market highs and lows together, making informed decisions to secure a prosperous financial future.Thank you for watching and being a part of our communityAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In this clip of "Black Out with Ian & Rashad," we dive deep into investment strategies that can help you navigate and capitalize on the new political landscape. Rashad Bilal and Ian Dunlap break down the financial opportunities in cryptocurrency, Tesla, and financial stocks, amidst the backdrop of a pro-crypto administration. 🤖💸Join us as we discuss:**Bitcoin & Altcoins**: Why the recent surge in cryptocurrency is just the beginning and what you need to know to ride this wave. 🌊**Tesla**: The obvious pick. With Elon Musk’s influence, learn why Tesla remains a strong investment and how it could slam-dunk financial performance. 🏎️**Deregulated Banks & Financial Stocks**: How deregulation under the new administration can favor financial institutions and what this means for bank stocks. 📈**Defense & Aerospace**: Projected growth in military spending and how companies like Lockheed Martin can benefit. ✈️**Energy Sector**: Potential opportunities in oil, natural gas, and coal as deregulation looms. ⛽**Tech Titans**: CEOs like Mark Zuckerberg and Tim Cook who have publicly aligned with the administration, and the potential impact on stocks like Microsoft and Meta. 📲**Housing Market**: Inflation and its impact on home prices—why waiting might cost you more in the long run. 🏡*Stock Picks to Watch:*Bitcoin (BTC), Solana (SOL), Ethereum (ETH), Tesla (TSLA), Lockheed Martin (LMT), Microsoft (MSFT), Meta (META)*Discussion Highlights:*[00:00:28] Bitcoin & Altcoins: Why they’re favored and expected to rise.[00:01:28] Tesla: Why it remains a strong pick and Elon Musk’s role.[00:02:11] Financial Stocks: The impact of deregulation.[00:02:53] Defense & Aerospace: The potential for growth.[00:04:11] Housing Market: Why prices may continue to rise.We’re cutting through the noise to give you actionable insights. If you’re looking to make informed investment decisions during these turbulent times, this episode is a must-watch. Please like, comment, and subscribe for more in-depth discussions and timely market analysis. 🤝💡*Hashtags:*#Bitcoin #Crypto #Tesla #Finance #Investment #MarketAnalysis #StockMarket #ElonMusk #Microsoft #Meta #Deregulation #HousingMarket #DefenseStocks #FinancialNews #IanAndRashad #BlackOutPodcastThank you for tuning in! Make sure to hit the bell icon 🔔 to get notified when we drop new episodes! 📅---Disclaimer: The opinions expressed in this podcast are for informational purposes only and do not constitute financial advice. Please consult with a financial advisor before making any investment decisions.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In this clip of EYL, Rashad Bilal delves into the intricacies of the restaurant business and why it's often considered one of the most challenging ventures to succeed in. Through relatable analogies and practical advice, Rashad breaks down the core reasons behind the high failure rates in the restaurant industry and offers insightful solutions for budding restaurateurs.Rashad kicks off the discussion by highlighting the numerous expenses associated with starting and running a restaurant. From securing a retail space and outfitting it with industrial kitchen equipment to maintaining sanitation and hiring staff, the initial capital required can be quite daunting. Moreover, he explains how fluctuating income streams, combined with consistently high expenses, often lead to the downfall of many restaurants.One of the core solutions Rashad offers is the concept of the Minimum Viable Product (MVP). Instead of diving headfirst into a full-fledged restaurant, he suggests starting with a ghost kitchen—a cost-effective approach that gained popularity during the COVID-19 pandemic. Ghost kitchens allow aspiring restaurateurs to rent industrial kitchen space and focus solely on food preparation for delivery services like Uber Eats, thus significantly minimizing initial costs and risks.Rashad also emphasizes the importance of diversifying income streams within one business rather than juggling multiple ventures. For restaurants, he outlines seven potential revenue streams:1. Dining-in2. Delivery services (e.g., Uber Eats)3. Cooking classes4. Online cooking podcasts and videos5. Merchandise sales6. High-ticket coaching sessions for aspiring restaurateurs7. Selling branded food items, such as spices and saucesBy leveraging these varied income sources, restaurant owners can create a more sustainable and resilient business model.Throughout the episode, Rashad provides a wealth of practical tips and actionable advice, making it an invaluable resource for anyone looking to thrive in the restaurant industry or any other high-stake business. If you're an entrepreneur aiming to diversify your skills, manage your business more effectively, or simply understand the complexities of the restaurant world, this episode is a must-watch.Tune in to gain a deeper understanding of how to navigate the challenging yet rewarding landscape of the restaurant business, and don't forget to like, comment, and subscribe for more insights from EYL Medium.*Hashtags:*#EYL #Entrepreneurship #RestaurantBusiness #GhostKitchen #SmallBusiness #StartupAdvice #IncomeStreams #BusinessTips #CookingClasses #Podcasting #Merchandise #OnlineBusiness #RashadBilal #EYLMediumAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In this exclusive interview, we sit down with Moksha Fitzgibbons, the President of Complex, for a behind-the-scenes look at one of the most influential media brands in pop culture today. Moksha dives deep into the inner workings of Complex, from the evolution of ComplexCon—an event that blends music, fashion, and culture like no other—to the complexities of guiding a company that’s changed ownership three times. He shares what it takes to keep Complex relevant and innovative in an industry that’s constantly shifting.We also explore the larger landscape of digital media and how Complex has navigated the challenges of a rapidly changing market. From staying true to its brand values to adapting to new platforms and technologies, Moksha offers insights into the strategies and mindset that have helped Complex maintain its position as a leader in media. This conversation sheds light on the future of media, the impact of ownership changes, and the vision guiding Complex forward. Whether you're interested in media, business, or pop culture, this is a conversation you don’t want to miss. Tune in for a rare glimpse into the world of Complex and gain valuable insights on the present and future of the media landscape!#ComplexMedia #MokshaFitzgibbons #ComplexCon #MediaLandscape #MediaIndustry #ComplexInterview #DigitalMedia #MediaBusiness #ContentCreation #PopCulture #ComplexNewsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Join us as Jemele Hill and Tim Scott dive into the ultimate debate: Who’s the best choice for president, Trump or Kamala Harris? We cover their views on key issues shaping America, from the economy to healthcare, social justice, and beyond. Tune in for a thought-provoking discussion that breaks down where each candidate stands—and what it means for the future of the country!Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Welcome to another insightful clip of EYL! In this clip, hosted by Rashad Bilal and Troy Millings, we are joined by financial experts Carter Cofield and George Acheampong Jr. to discuss critical strategies in planning for your children's financial future.Planning for your child's future is one of the essential responsibilities of parenthood. Whether you're looking to save for college, insurance, or other future investments, there are numerous ways to set up your children for success. Our guests break down these financial strategies into simpler terms, making it easier for you to understand and implement them.*Key topics covered in this episode:*1. **Custodial Accounts**: Discover how setting up custodial brokerage accounts can provide long-term benefits for your children and why starting from a young age offers a significant advantage due to the compounding effect over time.2. **Life Insurance for Kids**: Learn about the benefits of taking life insurance policies on your kids while they are young and healthy. This approach could offer them financial stability early in life.3. **529 Plans**: George and Carter discuss the advantages and limitations of 529 educational savings plans, including the latest updates that allow converting them to Roth IRAs.4. **Hiring Your Kids**: Carter introduces a lesser-known but highly effective strategy of hiring your children in your business as a means of tax efficiency and skill education, setting them up with substantial sums in Roth IRAs by the time they turn 18.5. **Asset Allocation**: Gain valuable insights into asset allocation, with recommendations on saving, spending, and investing percentages for different income brackets. George highlights the importance of increasing your Savings rate as your income grows to expedite your financial independence.*Special Quotes from the Episode:*"The number one thing in investing that you have in your favor is time." - George Acheampong Jr."Retirement is not an age, it is a number. The faster we get you there, the faster you can do whatever you want." - Carter CofieldTune in to this episode of EYL Medium to get comprehensive advice on setting your children up for a financially successful future. Whether you're a new parent or planning to be one, this episode is packed with expert advice and actionable insights that can help you make smarter financial decisions.*Make sure to like, comment, and subscribe to stay updated with our latest content!*Hashtags:#EYLMedium #FinancialPlanning #ChildrensFuture #Investing #CustodialAccounts #LifeInsurance #529Plans #HiringYourKids #AssetAllocation #FinancialIndependence #MelaninMoney #TaxTips #BusinessStrategies #FinancialLiteracyAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Welcome to another enlightening clip of EYL! Today, we dive deep into the crucial topic of estate planning with our esteemed guests, Melanin Money, Carter Cofield, and George Acheampong Jr., guided by our hosts Ian Dunlap and Rashad Bilal. Understanding the difference between a trust and a will can be overwhelming, but it's essential for effective estate management and wealth preservation.*Key Highlights:*0:00 - *Episode Introduction*Ian opens the conversation about the significance of estate planning and the general confusion around trusts and wills.0:17 - *Unpacking Wills and Trusts*George Acheampong Jr. explains the fundamental differences between a will and a trust, emphasizing the control and flexibility that a trust offers.1:57 - *Revocable vs. Irrevocable Trusts*Carter Cofield elaborates on the tax benefits of a revocable trust and why it can be a powerful tool for avoiding probate court. He also shares insights into the specific scenarios where an irrevocable trust might be necessary.4:33 - *Real-life Examples and Tax Implications*Case studies like Chadwick Boseman’s estate highlight the potential pitfalls of not having a proper trust in place. Carter explains the crucial tax advantages and how a revocable trust can save heirs from heavy tax burdens.5:16 - *Life Insurance and Family Wealth*Rashad brings up the strategy of buying life insurance policies on family members. George and Carter discuss how this approach, often overlooked in their community, can significantly contribute to generational wealth.6:44 - *The Importance of Disability Insurance*George shares a personal story about a health scare and the vital role of disability insurance in securing one's income during unforeseen circumstances.9:26 - *Business Partnerships and Insurance*The guests discuss the necessity of having life insurance and buy-sell agreements within business partnerships to ensure continuity and financial security.10:15 - *Structuring Business for Tax Efficiency*Carter provides valuable advice on the optimal business structures to maximize tax deductions and protect partnerships from financial discrepancies.This clip is filled with invaluable insights, practical advice, and real-life examples that can guide you in making informed decisions about estate planning, whether for personal or business needs. Don't miss out on this opportunity to learn from the experts and ensure that you and your loved ones are financially secure for generations to come.---*🔔 Don't forget to like, subscribe, and hit the notification bell to stay updated with our latest episodes!*#EstatePlanning #TrustsVsWills #GenerationalWealth #FinancialFreedom #EYL #MelaninMoneyAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In this week's episode of *Earn Your Leisure*, we sit down with entrepreneur David Shands to break down the journey from a 9-to-5 employee to a 6-figure entrepreneur. David shares insights on what it takes to make six figures, defining it as earning between $100,000 and $999,000 annually and examining the difference between gross income and net income. We dive into the essentials of launching a successful business, covering **Product, Price, and Promotion**:**Product**: Whether you're offering a tangible product or a service, it should be easy to produce, deliver, and pay for. More importantly, it must solve a real problem for customers, going beyond just being a good idea.**Price**: Set a price that provides at least three times the perceived value. Through effective storytelling, position your price at a level that feels comfortable for you, and consider recurring revenue models to reach your income goals.**Promotion**: Gain visibility through hustle or leverage. From social media strategies to email and text marketing, discover ways to expand your reach and share your offerings with a larger audience.Don’t miss this comprehensive guide on how to escape the 9-to-5 and start building a business that brings financial freedom!#EarnYourLeisure #DavidShands #Entrepreneurship #SixFigures #9to5ToEntrepreneur #SmallBusiness #FinancialFreedom #ProductPricePromotion #BusinessGrowth #SideHustle #InvestInYourselfAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In this week’s episode of Market Mondays, we are thrilled to sit down with the U.S. Secretary of Education, Miguel Cardona. Join host Rashad Bilal as he dives deep into the pressing issues facing our education system today. This episode covers a broad range of vital topics, including the controversial debate around dismantling the Department of Education, the critical role of equity in education, and the systemic challenges impacting black and brown communities.Secretary Cardona opens the discussion by addressing the potential consequences of dismantling the Department of Education, particularly for marginalized communities. He underscores the importance of the Department in ensuring equity and holding institutions accountable. "If the Department of Education is not doing their job to make sure that special education equity happens, racial equity happens, to make sure that public education is a right, not something that you pay for... we're going to have a system of the have and have nots," says Secretary Cardona.Rashad and Secretary Cardona also delve into the complex structure of the U.S. education system. While Secretary Cardona shares his multifaceted experience—from being a principal to a state commissioner—he explains the federal role in distributing funds and enforcing civil rights laws. He elaborates on the challenges of ensuring educational equity across states and districts with varying resources and policies.A particularly enlightening segment of the conversation centers around the concept of education reform—how to bridge the gap between schools in affluent communities and those in lower-income areas. Rashad probes the idea of overhauling the education system to be more centralized, questioning whether it could level the playing field for all students. Secretary Cardona responds thoughtfully, emphasizing the need for equity and local accountability while cautioning against the risks of federal overreach. "I don't want the federal government telling every school system what to do... I want to make sure that I'm fighting for equity, for evolution, for outcomes of results," Secretary Cardona articulates, stressing the importance of maintaining a balance between oversight and local autonomy.The episode also touches on hot-button issues like curriculum content and the politicization of education. Secretary Cardona warns of the dangers of removing critical historical narratives such as African American history and discriminating against students based on their sexual orientation. He calls for active engagement and vigilance from the public to uphold the values of equity and inclusion in the education system.Finally, Secretary Cardona’s call to action is clear: "People got to get active, they got to get engaged, and they got to start speaking up for what they believe to be the values of this country." This episode is a must-watch for anyone passionate about the future of education and the fight for equitable and inclusive learning environments.Don’t miss out on this insightful conversation! Make sure to like, comment, and subscribe for more impactful discussions on Market Mondays.Hashtags:#MarketMondays #Education #SecretaryCardona #PublicEducation #EquityInEducation #EducationReform #RacialEquity #CivilRights #AmericanRescuePlan #EducationalPolicy #InclusiveEducationAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Welcome back to another insightful episode of Market Mondays! 💼 In this installment, Rashad Bilal and Ian Dunlap dive deep into eight dividend stocks that should be on your radar as we move through 2025. 🎯Timestamps:00:00 - Introduction00:07 - Chevron: Worth the Investment?01:04 - Verizon: A Reliable Choice?01:43 - Pfizer: Potential for Growth?02:30 - UPS: Long-Term Investment?02:56 - T. Rowe Price: Underrated Gem?03:35 - CVS: Past its Peak?04:52 - Kraft Heinz: To Buy or Not to Buy?05:51 - Sirius XM: Warren Buffett's Move?Featured Stocks:1. *Chevron (CVX)* 🌍💧Known for its strong long-term returns, Chevron has had a rocky year but is expected to bounce back. Rashad discusses the price points at which this stock becomes a worthy investment.2. *Verizon (VZ)* 📶A utility-type stock that pays a solid dividend, Rashad and Ian talk about why this company is a buy below $34 and how it fits into a diversified portfolio.3. *Pfizer (PFE)* 💊Despite some management issues and the loss of exclusive rights to key drugs, Pfizer still holds promise, especially if you can get it at the right price points: $24, $15.46, or $23.10.4. *UPS (UPS)* 📦A great stock for long-term holds, UPS remains a stable investment option, although the sector's competitiveness needs consideration.5. *T. Rowe Price (TROW)* 📈Known for its decent dividends and being a stalwart in the financial space, Rashad expresses his approval for this stock, especially if it dips to $100 or below.6. *CVS (CVS)* 🏥Once a pandemic darling, CVS is now struggling. It's a potential buy only if it drops to $31. Rashad warns against chasing dividends in underperforming companies like this one.7. *Kraft Heinz (KHC)* 🍔A controversial pick, mainly due to concerns about product quality. Rashad and Ian discuss why this may not be the best dividend stock for your portfolio.8. *Sirius XM (SIRI)* 📻Mystery surrounds Warren Buffett's significant stake in this company. Rashad and Ian debate possible reasons behind this intriguing investment, while also questioning its growth potential.Key Takeaways:*Price Points Matter:* Whether it's Verizon at $34 or UPS at $124, knowing the right price points can make or break your investment strategy.*Sector Leaders vs. Followers:* Rashad insists that you should aim to invest in sector leaders like Nvidia rather than laggards just for the sake of dividends.*Management Concerns:* Companies like Pfizer show that poor management can severely impact stock value, making due diligence crucial.*Future Uncertainties:* Stocks like CVS and Sirius XM demonstrate the importance of considering future market conditions and competition before investing.Join us as we dissect why these companies are worth a closer look and how to navigate the complexities of dividend investing in the current market climate. Whether you are a seasoned investor or just starting, Market Mondays has you covered with the insights you need to make informed decisions.Don't forget to like, share, and subscribe for more weekly market insights! 📈🔔Related Videos:*Investing in Tech Stocks for 2023**Should You Buy Real Estate Now?**Top 5 Crypto Picks for the Next Bull Run*#MarketMondays #DividendStocks #Investing #StockMarket #FinancialFreedom #Chevron #Verizon #Pfizer #UPS #TRowePrice #CVS #KraftHeinz #SiriusXM #WarrenBuffett #InvestSmart #StockTipsTune in to level up your investing game! 🌟Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In this episode of Earn Your Leisure, we sit down with Carter Cofield and George Acheampong Jr. from Melanin Money to explore crucial financial topics and wealth-building strategies that directly impact the Black community. They share insights into why financial literacy has historically been neglected in Black culture, highlighting the importance of education in creating lasting change.Melanin Money's mission is to close the wealth gap by $100 billion, with a focus on helping 1,000 people of color achieve financial success. They dive into how the IRS has designed the tax code to benefit entrepreneurs and investors, offering strategies that can be leveraged to maximize wealth and minimize taxes. Financial freedom, they argue, should always be the ultimate goal.We also discuss the tax limitations of traditional partnerships and why life insurance is an underrated strategy to close the wealth gap. Carter and George explain the importance of buy-sell agreements for business partners and outline the key differences between a will and a trust fund when planning for the future.The conversation touches on the fundamentals of building wealth, with an emphasis on passing down not just money but also a positive mindset, which can have a far greater impact on future generations. They offer actionable advice on how to invest for your child’s future, ensuring that they have a strong financial foundation.For financial advisors, Carter and George provide tips on staying compliant on social media while building your brand. They also explain how to convert $36,000 from a 529 plan into a Roth IRA, as well as investment strategies that anyone can use to get ahead in today’s market.We explore the differences between revocable and irrevocable trusts, offering clarity on how these tools can be used in estate planning. Additionally, they share powerful tips on how to write off $1 million in your business and, perhaps most importantly, how to get a tax deduction while making sure your child has six figures by the time they turn 18.Tune in to this insightful episode and learn how to secure your financial future while closing the wealth gap!#FinancialFreedom #MelaninMoney #WealthBuilding #TaxStrategies #GenerationalWealth #LifeInsurance #Investing #Entrepreneurship #TrustFund #529Plan #RothIRA #FinancialAdvisor #WealthGap #earnyourleisure Melanin Money Freebie link:https://cofieldspeaks.clickfunnels.com/optin-598929031726630282598Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Welcome to EYL, where we dive deep into practical strategies to make financial education engaging and effective for children! In this episode, Rashad Bilal discusses the importance of gamification in teaching kids about finance, budgeting, and the essentials of money management.*Why Gamification Matters*Rashad emphasizes that making learning fun through games can significantly help in teaching essential financial skills. Children often find it challenging to grasp the importance of budgeting, saving, and prioritizing expenses. By gamifying these concepts, parents can ensure that their kids are not only learning but are also enjoying the process. From classic board games like Monopoly to custom-created budget battles, gamification is a powerful tool to teach financial responsibility.*Budget Battle Breakdown*One innovative idea Rashad introduces is the 'Budget Battle,' a game where families can simulate real-life financial decisions. Here's how it works:Each player receives a set amount of 'fake money.'Players have a list of necessities (like rent and food) and non-necessities (like travel and entertainment).The total cost of items exceeds the amount of money given, forcing players to prioritize their spending.The goal is to make the best financial decisions, with winners possibly earning real money as incentives.This game teaches kids the importance of prioritizing needs over wants and the consequences of poor financial planning.*Monopoly Lessons*Monopoly is another excellent game for financial education. Rashad suggests that parents should take time during the game to explain critical financial concepts:The importance of buying property and collecting rent.The benefits of owning clusters of properties for better financial returns.The overall strategy of either paying rent or collecting it as a landlord.By breaking down these lessons during gameplay, children can gain a deeper understanding of real estate, rent, and loans, making the game not just entertaining but also educational.*Building Good Financial Habits Early*Rashad points out that habits formed early in life tend to stick. Introducing children to good financial habits at a young age can set them up for long-term success. Just like healthy eating habits and avoiding harmful substances, financial education should also start early to become ingrained in a child's daily life.*Incentivizing Learning*To make these financial lessons more impactful, Rashad suggests rewarding kids for making sound financial decisions in these games. Real-life incentives, such as winning actual money, can motivate children to take the lessons seriously and apply them in real-life situations.*Why It’s Important*Understanding finances is crucial for everyone, yet many people grow up without this vital knowledge because it’s not taught in schools. Gamified learning makes it easier for children to comprehend and retain critical financial concepts, setting them up for a stable future.*Watch the Full Episode*Tune in to this insightful episode of EYL Medium #2 to learn more about Rashad Bilal's tips and tricks for making financial education fun and effective for kids. Don't forget to like, comment, and subscribe for more valuable content!*Hashtags:*#FinancialEducation #Gamification #KidsLearning #BudgetingForKids #MonopolyLessons #FinancialLiteracy #EYL #Education #ParentingTips #MoneyManagement #TeachKidsFinance---By breaking down complex financial concepts into engaging and interactive games, Rashad Bilal shows that teaching children about money can be both fun and educational. Watch the full episode to transform your child's financial future!Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Welcome back to another informative clip of EYL! In today’s video, we delve deep into the fascinating world of real estate and taxes with our special guest, Ms. Business, a tax expert renowned for her insightful advice and wealth of knowledge.In this clip, Rashad Bilal hosts Ms. Business to explore the intricate mechanisms of cost segregation, a tax strategy that could significantly benefit real estate investors. If you're a real estate enthusiast or investor looking to minimize your tax liabilities and maximize your profits, this video is a must-watch!*Topics Covered:***Introduction to Real Estate Taxation**: Ever wondered how real estate can influence your tax situation? Ms. Business breaks down the concept for us, kicking off with a basic understanding of depreciation expenses and other essential deductions. **Cost Segregation Explained**: What exactly is cost segregation, and why is it vital for real estate investors? Ms. Business provides a detailed explanation, illustrating how this study dissects each element of your property to help you gain more on depreciation expenses.**Benefits of Cost Segregation**: Through practical examples, Ms. Business illustrates the potential financial advantages. For instance, a $500,000 property can yield a depreciation expense of $76,582 versus just $13,500 without cost segregation.**Bonus Depreciation**: How can bonus depreciation magnify your depreciation expenses? Find out the impact of the changes in bonus depreciation percentages from 100% up to 2022 to 60% currently.**Maximizing Tax Deductions**: Discover how breaking down property components—like personal property and land improvements—can significantly increase your tax deductions.**Implementing These Strategies**: Ms. Business emphasizes the importance of understanding and using these tactics actively, ensuring that investors not only bring in money but also report favorable losses on paper to offset other income sources effectively.With Ms. Business's expert insights and Rashad Bilal's engaging queries, this episode is packed with practical knowledge and actionable strategies that could transform your real estate investing approach. Real estate is undoubtedly one of the most potent tax deduction tools, allowing you to win financially while reporting losses on paper.*Don't Miss:*Make sure to catch Ms. Business's eye-opening presentation from Invest Fest, mentioned in the video, for an even deeper dive into these concepts. Whether you attended Invest Fest or not, the nuggets of wisdom shared here are applicable to every real estate investor aiming to strategically manage their taxes and savings.*Stay Connected:*Like, share, and subscribe for more insights and strategies on leveraging real estate and taxes. Turn on the notification bell, so you don't miss any updates from the EYL Medium series. Drop your questions and thoughts in the comments section below—we love hearing from our community!For consultations and more resources, visit our website: [Link]*Hashtags:*#EYL #RealEstate #CostSegregation #Taxes #Depreciation #RealEstateInvesting #TaxStrategies #InvestFest #RealEstateProfit #FinancialFreedom #WealthBuilding---Stay tuned as we continue to bring you expert interviews and practical advice to empower your financial journey! Thank you for watching and supporting EYL.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Welcome back to another insightful clip of Earn Your Leisure (EYL)! In this clip, we're diving deep into a strategic yet often overlooked tax-saving method: hiring your children. Our special guest, Ms. Business, and host Rashad Bilal walk you through how you can benefit from hiring your children, while also investing in their future.*Key Takeaways:*1. *Hire Your Children for Tax Benefits:*In 2024, you can pay your child up to $14,600 without it being taxable.The money cannot be used for essentials like food and shelter, but can be used for extracurricular activities.2. *Triple Tax Deduction Strategy:**Business Tax Deduction:* Paying your child is a deductible business expense.*Non-Taxable Income for Child:* The income is non-taxable for your child as it's under the standard deduction limit.*Roth IRA Contributions:* Investing this money into a Roth IRA leverages compound interest, providing a tax-free growth and withdrawal in the future.3. *Eligible Ages and Roles:*While there's no strict age limit, roles must be reasonable and age-appropriate.Ms. Business recommends hiring children typically between ages 7 to 17.Younger children can be employed in tasks like modeling or handling easy tech-related jobs.4. *Legal and Practical Considerations:*This method should be implemented through an LLC to avoid payroll complications.Children must perform actual and reasonable tasks for the business.Hiring your children is more than just a tax deduction; it's a holistic approach to saving for their future while giving them invaluable work experience. Join Ms. Business and Rashad Bilal as they break down these strategies and much more!*Timestamps:*00:00 - Introduction: Importance of Hiring Your Children00:40 - Limits and Conditions on Child Payment01:14 - Triple Tax Deduction Explained01:53 - Practical Examples and Benefits02:27 - Age Requirements and Eligible Tasks03:01 - Legal Structures and Practical ImplementationDon't forget to like, comment, and subscribe for more content on maximizing your financial strategies!*Hashtags:*#EYL #TaxBenefits #HireYourChildren #TaxDeduction #FinancialEducation #RothIRA #TaxFreeIncome #TaxStrategy #BusinessTips---Stay tuned and empower your financial knowledge with Earn Your Leisure! Turn on notifications so you never miss an episode!Unlock your financial potential with EYL. We'll see you in the comments section!--- Earn Your Leisure (EYL) - Bridging the gap between business and cultural relevance.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy