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Strawberry Letter

Financial Tips: How to take control of your financial future; eliminate debt and increase your income.

Strawberry Letter

iHeartPodcasts

Relationships, Society & Culture

4.41.6K Ratings

🗓️ 21 December 2024

⏱️ 28 minutes

🧾️ Download transcript

Summary

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald, interviewed Dr. Lynn Richardson. The popular financial expert Dr. Lynn Richardson returns to the Money Making Conversations Master Class to dispatch another round of financial advice. In this episode, Dr. Lynn explains the significance of building generational wealth in the African American community and how to start investing for your future even if you don’t have that much money. She also touches on the importance of having a life insurance policy and discusses ways to start taking control of your financial future while avoiding financial pitfalls. She breaks down how life insurance can be used as an investment and an asset. 

Topic Covered

How to pick life insurance

How to make your life insurance work for you.

What are some ideas for getting some extra income?

Eliminating debt

Increasing income

Saving more

#AMI

#BEST

#STRAW

 

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

It's hard to read the news these days without asking yourself, how did we get here?

0:04.7

Fiasco is a history podcast for the co-creators of Slow Burn.

0:08.5

In our first season, Bush v. Gore, we examine an unmistakable turning point in American politics,

0:14.0

the 2000 election, which resulted in a high-stakes stalemate, ended with one of the most controversial rulings in Supreme Court history.

0:21.4

So if you're trying to make sense at the present moment, check out Fiasco, Bush v. Gore.

0:25.9

Listen on the I-Heart Radio app, Apple Podcasts, or wherever you listen to podcasts.

0:35.8

Welcome to the show. I am Rishan McDonald, the host of Money Making Conversations Masterclass, where we encourage people to stop reading other people's success stories and start planning their own.

0:46.9

Listen up as I interview entrepreneurs from around the country, talk to celebrities and ask them how they are running their companies, and speak with

0:55.0

nonprofits who are making a difference in their local communities. Now sit back and listen as we

1:00.4

unlock the secrets to their success on Money Making Conversations Masterclass. My guest today is Dr.

1:07.0

Lynn Richardson. She is by far my most popular guest that calls on this show.

1:11.6

If you consider yourself in need of advice in terms of financing, then you are not alone.

1:16.3

You've heard Kurt.

1:17.3

You heard Ms. Evans.

1:18.6

She was calling about the funnel creative, and she dove open to that conversation.

1:22.0

You've heard my personal testimony.

1:24.7

It does not matter if you had just started earning or have been earning for a long time.

1:29.0

Every day is a chance to reflect upon your spending and improve your financing.

1:33.5

Here's some notes about Dr. Lynn Richardson believes that the way to build wealth is to spend less money

1:38.7

by implementing proper budgeting and debt elimination strategies, get more money by implementing wise investment strategies and by developing multiple streams

1:48.0

of income, including owning a home-based business.

1:51.6

And three, get your money back through proper tax education.

...

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