Melanin Money Show

How is Trump going to help your wallet?We're diving into some of the most significant tax updates you need to know about following Donald Trump's election as President. In this episode, Carter will break down seven major tax changes that could impact your wallet and the economy over the next four years. From a massive reduction in corporate tax rates to making auto loan interest tax-deductible, and even the ambitious proposal to eliminate income taxes in favor of tariffs, we'll explore how these changes might benefit or challenge everyday Americans and business owners alike. Stick around, as we also discuss the potential elimination of taxes on Social Security benefits, overtime pay, and even tips. Get ready to gain crucial insights and practical advice on how to navigate these proposed tax reforms effectively. Don't miss out—listen to the end to fully grasp how you can stay ahead in the tax game under the Trump administration!

If you want the sauce on how to start a business from scratch and make profits this is the episode for you! We dive into conversations with Mike MacDonald, Dr. Sonya, and Brain Waldron and dive deep into essential strategies for expanding your business while maintaining personal growth and well-being.We'll hear from Mike McDonald about the significance of being part of a strong network, like Red Circle, for securing advertising opportunities and the myriad ways to monetize your business. George will guide us through understanding industry scales to pinpoint potential earnings, while Brian Waldron and George emphasize the crucial role of having a proven track record to build trust and beat imposter syndrome.We'll also explore the balance of power and femininity with Dr. Sonya Stribling. She candidly shares from her military experiences and personal relationships, showing how she harmonizes these vital aspects of life. She also will dig into business growth strategies, from product diversification to creating irresistible offers, and discuss the importance of continual improvement and recognition in your field.Finally, we'll touch on branding, financial literacy, the role of supportive partnerships, and the challenging yet rewarding intersection of personal life and business success. Sit back, take notes, and get ready to grow your wealth and wisdom in business !

Do you want to know how to have an abundant mindset? This episode is for you as Carter sits down with "Band Man Kevo" to discuss the stark realities of the traditional education system, the pitfalls of student loans, and the real game-changer: understanding and leveraging the tax system to build and sustain wealth. Whether you're an aspiring entrepreneur, a business owner, or just someone looking to manage your finances better, this conversation is packed with actionable insights and strategies to help you thrive. Don’t miss out as we uncover how to shift your mindset towards abundance and safeguard your hard-earned money from unnecessary taxation. Tune in and prepare to level up!

How can you beat a system designed to keep you poor? Lock into this episode featuring Sayam Ibrahim and Dontez Akram . Sayam Ibrahim brings his expertise in real estate to the table, unpacking strategic approaches to buying properties well below market value. From direct negotiations with motivated sellers to leveraging public resources and tax-saving strategies, Sayam’s methods are a masterclass in creative and profitable real estate investments.We'll also dive into the transformative power of AI in business, emphasizing how it can enhance efficiency and profitability rather than just replacing jobs. We’ll share real-world examples, and even a humorous challenge, on how AI tools can be leveraged to outperform human tasks and boost financial success.Along the way, we dissect the implications of AI on ethics and the global economy, the importance of long-term financial planning, and the balancing act of entrepreneurship. Whether it’s navigating property auctions or adopting the latest AI tools, this episode is packed with practical advice to help you not just survive, but thrive in a system stacked against you. Tune in to discover the strategies to secure your financial future and beat the odds!

How Should You Manage Your Money? This Clip from the our appearance on the Social Proof Podcast, will give you some of the sauce : Full Episode here : https://www.youtube.com/watch?v=XyefSFc81Qw&pp=ygUabWVsYW5pbiBtb25leSBzb2NpYWwgcHJvb2Y%3DWe'll dive into the debate between reducing expenses versus increasing income, with George emphasizing the limits of budget cuts and the infinite potential of income growth. We'll also hear from David's personal journey of managing his tips as a server and the challenges of poor financial behavior, even at higher income levels. Donni will shares her eye-opening experiences from making and losing a significant amount of money during the 2008 recession, stressing the importance of education and diversifying financial strategies. This episode is packed with real-life stories, insightful discussions, and practical advice to help you manage your money better and climb out of financial difficulties.

Want to be financially free? This is the episode for you! We are going to dive deep into vital financial strategies to help you finish 2024 on a strong note. We'll talk about the importance of setting up the right financial foundation, accessing retirement accounts penalty-free, implementing tax-saving strategies during the correct season, and leveraging investments to build wealth. Feel free to make more and save more on taxes? Join us on our next Challenge here : ✅ http://challenge.melaninmoney.comWe are even going to reveal bonus tips on optimizing access to capital for business growth ! Get ready to take notes and elevate your financial game!

Want to save money in your business using the S- CORP Structure? This video is for you! In today's episode, we're diving into the world of S Corporations and exploring how they can save you thousands of dollars in taxes for 2024. Feel free to make more and save more on taxes? Join us on our next Challenge here : ✅ http://challenge.melaninmoney.comCarter will reveal the most common mistakes entrepreneurs make with their S Corps, from neglecting payroll setup to managing multiple S Corps unnecessarily. Stick around to learn a game-changing strategy that our millionaire clients use to maximize their tax savings through S Corp holding companies. Whether you're new to S Corps or looking to optimize your current setup, this episode is packed with actionable insights and crucial tips to help you avoid IRS audits and penalties. Stay tuned for an episode that could significantly boost your financial health and simplify your business operations.

Want To Learn How To Flip Houses The Right Way? Our Guest Welby Accely is about to give you all of the game! Feel free to make more and save more on taxes? Join us on our next Challenge here : ✅ http://challenge.melaninmoney.comIn this episode, you'll learn about Welby's proven strategies, from targeting distressed properties to understanding the true value of a deal beyond just interest rates. He opens up about overcoming financial setbacks, navigating market challenges, and the importance of quality over quantity in your investment portfolio.Welby also addresses the significance of sound education and teamwork, sharing personal stories of both success and failure that highlight how to move forward with confidence and build substantial equity. Whether you're new to real estate or looking to refine your approach, Welby's journey from financial hardship to building a thriving real estate portfolio will inspire and educate.Join us as we delve into smart investing, negotiation tactics, and how to effectively leverage your resources to achieve financial independence. This episode is packed with actionable insights and real-world examples, so grab your notebook and get ready to flip houses like a pro in 2024!

If you want to figure out how to be good to money in tough times, this is a MUST WATCH! You can win with your money, especially in tough times!To watch full episode check it out here : https://youtu.be/LfN9hwR3_MA?si=kLEFme0W69FbJGaJNeed to up your money game with us: http://challenge.melaninmoney.comStop letting your money be lazy—employ it through investments, whether it’s stocks, real estate, or even yourself. Plus, smart tax strategies like using depreciation can help you keep more cash in your pocket while still qualifying for loans. If you're an entrepreneur, you can't afford to miss this! Let's make your money work as hard as you do. Catch the full episode for all the insights!

Today we’re tackling a super timely topic: "How to Make Money During a Recession." We know times can get tough, so we're here to share some nuggets of wisdom on how to not just survive but actually thrive during economic downturns.Feel free to make more and save more on taxes? Join us on our next Challenge here : ✅ http://challenge.melaninmoney.comIn this episode, we’re breaking it all down—from where to reinvest your profits at different stages of business growth to the critical role of marketing and brand awareness. We’ll chat about why having access to capital can be a game-changer and how a balanced approach between emergency and opportunity funds can set you up for success.We’ll also touch on some interesting examples like PayPal and Dropbox, and dive into our own personal stories about financial stewardship and smart money management. Plus, we’ll give you the lowdown on how to leverage low-interest borrowing for growth and why diversifying income streams within your own business can be a goldmine.Whether you’re just starting out or you’re ready to scale up, we’ve got some practical tips and strategies that will help you make the most of any economic situation. So, grab a coffee, get comfy, and let's get into it!

If you want to know how Millionaires Think About Money, this is the episode for you! See the full interview here : https://www.youtube.com/watch?v=r8_TSzOkd8Y&pp=ygUrcmVhbCB0cmFzcGFyZW5uY3kgd2l0aCBkb25uaSB3aWdnaW5zIGdlb3JnZQ%3D%3DOn this clip from George's appearance on " Real Transparency w/ Donni Wiggins, they dive into the truth about what it takes to approach your money differently. Check it out as they talk about management for entrepreneurs, covering everything from separating personal and business expenses to mastering the Profit First model. George shared key strategies on maintaining operating reserves, planning for profit, and the importance of streamlined systems for scalability. If you're looking to level up your finances and ensure sustainable growth, this clip is a must-watch! Catch all the insights and elevate your financial game!

If you want to get a piece of Trillions of dollars from the government, this is the episode for you! We're diving into a topic that could transform your business journey: How To Get Government Funding For Your Business! Our guest, Stormi Banks, is going to give us the blueprint to getting the funding you need to have more cashflow for your business. Reminder : Want to make more and save more on taxes? Join us on our next Challenge here : ✅ http://challenge.melaninmoney.comWe'll also dive into : Utilizing LinkedIn for Networking: The importance of networking on LinkedIn to identify key contacts within companies, build partnerships, and gather insider information that can be crucial for your grant applications!Creating a Boilerplate Grant Proposal: How to streamline your application process with a comprehensive 22-30 page document covering common grant questions. With this in hand, applying for grants can take just 10-15 minutes, compared to the 60-90 minutes without it! Separating Bank Accounts & Financial Tracking: How to ensure proper use of grant funds by setting up a dedicated bank account and using tools like QuickBooks. Misuse can lead to rescinded funds, so maintaining transparency and regular updates is key to building strong, ongoing relationships with grantors!and so much more!

If you need mortgage or rent relief, this is the video for you! By following this strategy, you can save thousands of dollars in housing costs in the upcoming months! In this episode, Carter peels back the curtain on two powerful strategies—the Augusta Rule and The Home office deduction —that can turn your home from a financial liability into a lucrative asset. Whether you're an entrepreneur or a W-2 employee, these methods can help you achieve significant tax savings and generate additional income. Tune in as we explore how to implement these strategies in your life for 2024. Don't miss out—your journey toward tax-free living starts now!

Are you ready to unlock the secrets of working less and making more money? This is the episode you've been waiting for! Our brother Marquel Russell joins us on the Melanin Money Show!Want to make more and save more on taxes? Join us on our next Challenge here : ✅ http://challenge.melaninmoney.com This episode is meant to help you whether you're grappling with scaling your business or looking to redefine entrepreneurial success! Get ready, because it is packed with strategies and stories that will inspire and guide you. Stay tuned as we uncover secrets to making more money by working smarter, not harder. Let's dive in! A few quick tips : "Transforming from solopreneur to business owner involves a mindset shift. It’s less about your personal output, more about empowering your team. True growth lies in delegation and strategic scaling.""Scaling isn’t just about rapid expansion. True scale means increasing revenue without proportionate costs. Focus on systems, processes, and 'scaling by subtraction' to streamline and amplify profitability.""Money is the lowest form of wealth. Embrace spiritual, emotional, and relational wealth for a richer life. Making more money should be a part of holistic personal growth, not the sole focus.""Efficient scaling involves not just growing in size but optimizing your business structure. Cut unnecessary expenses, delegate effectively, and leverage technology to ensure sustainable growth without chaos."

Join us on our next Challenge here : ✅ http://challenge.melaninmoney.comEver thought about having true FU Money? It's more than just cash in the bank. It's about creating a resilient financial plan. From diversifying income streams to preparing for inflation, interest rates, and even unexpected life events, every detail counts. Start now—save more, invest smart, and stress-test your finances. In a world of uncertainties, be financially untouchable!We are doing to dive into the importance of : Diversifying Your Income Streams: How do you ensure you have secondary streams of income to safeguard against disruptions to your primary income source? It is time to think beyond just having an emergency fund—proactively plan for contingencies!Your Plan for Inflation and Interest Rates: Factor in potential inflation and varying interest rates when planning your financial goals. It is time to overfund your goals to cushion against unexpected economic changes.Preparing for Life’s Uncertainties: Learn how to mitigate risks by addressing potential premature death or disability. Make sure you have the right type and amount of life insurance, and understand tax planning to keep your strategy robust in the face of changing laws!and so much more!

Join us on our next Challenge here : ✅ http://challenge.melaninmoney.comDiscover how to captivate your audience and convert leads into loyal customers with the power of words! Our Guest Marcus Y. Rosier will give his expert advice on lead generation, launch strategies, and leveraging social media. From understanding different buyer types to executing monthly launch systems, this episode is packed with invaluable insights to amplify your wealth-building potential!Whether you're a seasoned entrepreneur or just starting out, this episode offers actionable strategies to harness the power of your words, elevate your business, and achieve stress-free financial success!

Did you miss the latest presidential debate? I'm going to break down the most critical tax policy changes discussed by the candidates. Here's your chance to catch up on what you missed and understand how these changes could impact your wallet and the economy! We're going to get into : The Battle Over The Child Tax Credit:Kamala Harris proposes a $6,000 tax credit for newborns, making it 100% refundable.Donald Trump plans to increase the child tax credit to $5,000 per child but hasn’t clarified if it will be refundable.The Corporate Tax Rate Proposals:Harris aims to raise the corporate tax rate from 21% to 28%, potentially generating $5 trillion for government projects.Trump seeks to cut the corporate tax rate to 20%, and 15% for U.S. manufacturers, to stimulate job creation and stock market growth.Their Support for Small Businesses:Harris wants to boost startup tax deductions from $5,000 to $50,000 to foster new businesses.Trump plans to renew substantial deductions from the 2017 Tax Cuts and Jobs Act, including the praised QBI deduction and bonus depreciation.and more!

If you're planning to elevate your business by throwing events, this is the episode for you! We are going to talk about why we spent $400,000 for one night of memories and also dive into : Venue Selection & Budget Management: Should you avoid hotels for food and beverage functions due to hidden fees? We are going to talk about how to control your costs by selecting venues that allow outside catering and manage logistics with shuttles from nearby hotels.How to Build Build Genuine Connections: Why you need to differentiate between selling and building relationships and how to not overwhelm your audience with value and nurture your fans online for enthusiastic event attendance. Remember, not everyone is a client, but all can be supporters!The Importance of Balancing Business and Branding: How to prioritize well-planned, high-quality events as part of your brand strategy. Execute with a clear vision and a solid budget to create memorable experiences that build long-term value and trust!and so much more!

Are you looking for a business credit card but are overwhelmed by all of the options? The best business credit cards in 2024 are in this video and I made a list of the top 5! Ready to unlock the secrets of free money, world travel, and increased tax deductions? This is the ultimate guide to the top five business credit cards for LLC owners. Whether you’re a start-up or scaling up, these cards can provide the capital and perks your business needs to thrive! What is the difference between the : Amex Business Gold and the Chase Business Ink Premier? I'll give you all of the perks in this episode and will also include tips on : Managing YOUR Cash Flow & Scales Effortlessly: Learn how a business credit card can help you manage cash flow and let you scale your business by providing access to essential capital. According to my research, the #1 reason small businesses fail is due to lack of capital. Don't let that be you!Maximize Tax Deductions Using Business Credit Cards : Here's the truth : The IRS doesn't care whose money you spend on business expenses. Using business credit cards can significantly increase your tax deductions without using your personal funds!Let's get into it!

If you want to know the blueprint to building a million dollar business and then scaling it to $20 Million , this is the episode for you! We are going to give you the truth about how to start with $0 and they how to Make $20 Million In your business over time. Let's dive into : Reinvesting in Assets for Peace of Mind: How do you transition from being a business runner to a business owner and reinvest in sellable assets? This not only enhances the value of your business but also provides much-needed peace of mind in the scale phase.Prioritizing Financial Security and Growth: It's crucial to intentionally allocate free cash flow outside the business. Aiming to invest 50% of profits to build towards $20 Million dollars in personal wealth and ensure a solid financial reserve for both business and personal security is key!Building Enterprise Value: As you prepare for an exit, how do you focus on increasing your enterprise value? We'll talk about developing world-class leaders, ensuring recurring revenue, forming strategic partnerships, and maximizing profit potential!and so much more!