Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Dr. George C. Fraser.

A renowned networking expert and CEO of FraserNet. Here's a breakdown of the key insights and themes:

🔑 Key Highlights & Takeaways 🧠 Financial Wisdom & Wealth Building

Dr. Fraser shares three foundational rules for financial freedom:

1. Rent/Mortgage ≤ Weekly Income – Live within your means.
2. Borrow Money Only to Make Money – Avoid debt for depreciating assets.
3. As Income Increases, Cost of Living Should Stay the Same or Decrease – Invest the difference.

He also outlines six habits that keep people broke:

• Not talking about money
• No emergency fund
• Impulse purchases
• Buying unnecessary sale items
• Paying bills late
• Improper use of credit cards

🏛️ WINDS Wealth Building Centers

• Created to combat financial illiteracy in Black America.
• Focus on mindset, habits, values, and solutions.
• Curriculum includes:
  • Psychology and emotions around money
  • Delayed gratification
  • Four pillars of intergenerational wealth:
  1. Wealth management
  2. Real estate ownership
  3. Business development
  4. Entrepreneurship

🌍 Power Networking Conference & Fraser Nation

• A virtual nation concept launched before the pandemic.
• Offers access to:
  • Black professionals and business owners
  • Intellectual capital
  • Products and services across the Pan-African diaspora
• Promotes virtual workshops, summits, and coaching.

💼 Entrepreneurship & Passive Income

• Encourages Black Americans to sell, not just buy.
• Suggests a multi-stream income strategy:
  1. Use 9–5 income to fund a side hustle.
  2. Use side hustle profits to invest.
  3. Let investments eventually replace your job income.

💬 Quotes & Wisdom

“Stop living above your means. Stop living within your means. Live below your means and invest the rest.”

“If you bake cookies, put them in a box, put your name on it, and sell it.”

“There should not be a Black person in America with a single stream of income.”

#SHMS #STRAW #BEST

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