Show Your Kids the Path to Financial Independence through Purposeful Real Estate Investing that Lifts Communities – with Fuquan Bilal
Description
In this episode of FI for Kids, host Dominic DeLaquil interviews Fuquan Bilal, a seasoned real estate investor with over 25 years of experience. Fuquan shares his journey from a challenging childhood with a scarcity mindset to becoming a successful investor focused on providing quality, affordable housing. He emphasizes the importance of financial literacy, teaching his children about money, and the impact of purposeful capitalism in communities. The conversation also covers strategies for aspiring investors and the mission of the NNG Capital Fund.
Episode links:
Book: Rich Dad, Poor Dad
Music: https://www.reverbnation.com/douglascameron
Sponsors: https://millionstories.com/
Takeaways
Money was viewed as evil during Fuquan's childhood.
He learned to master money instead of being a slave to it.
Teaching financial literacy to his children is a priority.
Fuquan's oldest son has an impressive credit score.
He started in real estate by shadowing family members.
The 2008 crash shifted his focus to cash flow properties.
NNG Capital Fund aims to provide affordable housing.
Purposeful capitalism benefits both investors and communities.
Legacy is about leaving a positive impact on others.
Networking is crucial for success in real estate.
Chapters
00:00 Introduction to Financial Independence for Kids
01:49 Sam Sells: Background and Mission
05:07 The Importance of Home Life in Financial Education
08:33 Money as a Tool for Freedom and Choice
11:24 Teaching Kids About Money
17:41 Connecting Money to Life Goals
20:45 Understanding Wealth and Its Impact
22:24 Transforming Distressed Communities
25:06 Innovative Solutions for Public Housing
27:40 Breaking the Cycle of Poverty
31:05 Creating Sustainable Change
35:31 Investing in Impact: A New Paradigm
40:38 Empowering Others to Make a Difference
#financialindependence #personalfinance #moneymanagement #investing
#financialfreedom #FI #FIRE #entrepreneurship #kidsandmoney #passiveincome #moneymindset #teachkidsmoney #investinkids #parenting #wealthbuilding #familyfinance #investinginkids #familybusiness #realestateinvesting
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