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Blessed + Bossed Up

230: Building Wealth for Beginners w/ Edward R. Williams

Blessed + Bossed Up

Anchored Media Network

Entrepreneurship, Business, Education, Self-improvement

4.82.2K Ratings

🗓️ 23 May 2021

⏱️ 52 minutes

🧾️ Download transcript

Summary

About this episode: 
In this week’s episode, Tatum interviews Edward R. Williams, Author/Principal and CEO of Williams Financial Group where they talk about wealth building in your personal business affairs as well as in your entrepreneurship journey, no matter what stage you are in financially.

Key Points:
Edward talks about how he got into the field of financial education, planning, and advising (2:55).
Edward talks about the decisions that led to him losing all of his money in his early adult years (4:27).
Edward talks about the first step he took to build wealth (6:57).
Edward talks about how to have the discipline and mindset to sustain wealth (7:58).
Edward talks about why he chose to start serving the church community (14:32).
Edward talks about the mindset shift required to go from a consumer mindset to a wealth mindset (20:49).
Edward talks about what should be done independently vs consulting a professional when it comes to wealth building (30:01).
Edward talks about good ways to start a retirement fund for full-time entrepreneurs (31:51).
Edward talks about how to deal with debt consolidation on a fixed income (33:08).
Edward talks about daily habits that can be incorporated into your life to start building wealth (34:54).
Edward talks about what to do when the debt you have feels overwhelming (43:12).
Edward talks about teaching your children about finances (46:39).

For more information on our guest and how to work with Williams Financial Group, visit https://edwardrwilliams.com/
 
Sponsors:
This episode is sponsored by Skillshare
Our Sponsors: * Check out BetterHelp and use my code betterhelp.com for a great deal: https://www.betterhelp.com * Check out Bilt and use my code joinbilt.com/blessed for a great deal: https://www.biltrewards.com * Check out IXL and use my code TODAY for a great deal: https://www.ixl.com * Check out NerdWallet and use my code nerdwallet.com/blessed for a great deal: https://www.nerdwallet.com * Check out NetSuite and use my code netsuite.com/BLESSED for a great deal: https://www.netsuite.com * Check out Super.com and use my code super.com/credit for a great deal: https://super.com Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

Click on a timestamp to play from that location

0:00.0

You are listening to Blessed and Bostup, presented by Anchor Demedia.

0:05.0

In Entrepreneurship Podcasts for Christians, all about how to make God the CEO of your business.

0:12.0

Get ready to be inspired, challenged, but well equipped to live and build your destiny his way.

0:20.0

Welcome to another episode of the Blessed and Bost Podcasts.

0:25.0

I am super excited about today's episode because we have a special guest.

0:30.0

We have Mr Edward R Williams here who is a financial expert and he's going to be educating us on how to build wealth for beginners.

0:40.0

So Mr Williams, I have to thank you first and foremost because my husband and I of course work with you on just wealth building for our family and I've learned so much about the foundational thing.

1:00.0

And I son just turned one and it just made me feel so good as I'm planting this party and all these elaborate things to know that yeah he's going to have all the stuff but his financial future is secure as well.

1:14.0

And he's going to grow up and have something that we're leaving him so he's not starting from ground zero.

1:21.0

We're giving him a head start with his life so I really just appreciate everything you've done for my family and that's why I wanted you to come on a show because building wealth is something that's popular on social media is something that we hear a lot.

1:34.0

Everybody is a wealth expert online. I mean we got quotes and Twitter pages for days, but I really just wanted to talk about the foundational things so that you can educate me and my listeners about how we can practically build wealth.

1:50.0

So before I get to my first question just tell everybody who you are and what you do.

1:56.0

Yeah Edward R Williams father first and I own Williams financial group which is based on Hunt Valley Maryland.

2:06.0

All we do is we teach and educate our clients on income on how to achieve just never ending chains of income so tell them listen thank you for for having me here today because this is our mission.

2:19.0

I love helping and so thank you.

2:24.0

Yeah absolutely so let's start with you a little bit before we get into the world. How did you even get into financial planning financial education. What's your story.

2:34.0

Yeah so I grew up in inner city Baltimore and you know dad was a taxi cab driver and mom was a voice secretary so we didn't really have such great means and you know my dad's idea of saving was probably just putting put money in as an a socks and pockets.

2:57.0

And for me what I grew up seeing and that was our investing all right if you got money and your socks and pockets and you got money's and you know for a refrigerator then that was you're doing well.

3:09.0

But later on we managed to and managed to scrape up but you know not money for me to go to school and apply for aid and that kind of thing and I study finances and went to undergraduate how university business school university in Maryland.

3:25.0

And then the first job out of college working on Wall Street I worked for for Maryland.

3:31.0

Did investment banking in the in the merges and acquisitions group so I was a kid coming out of college and just yeah I was I was blessed to make the income that I did.

3:43.0

But later on I lost all of it you know every single dime you know and then I had to I had to literally put together strategies for for keeping it and learning how to invest and so that which that's pretty much would lead me into.

...

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