Wealth-Building Made Simple

Way back in the day, just about the only way you could get money to start your new business (outside of family and friends) was through a bank.  
For centuries, banks have been the dominant financial intermediaries that provided money to new and existing businesses.  
That's changing as more and more wealthy investors are putting their money into venture capital and private equity as a way to invest into other business ventures.  
In episode, I speak with the CEO of Impact House, Benjamin Vann about:
What is venture capital
What types of businesses are VC firms looking for
How women and minority owned businesses can get a bigger piece of the pie
Why there's not as much venture capital money in Texas as there is in NY and California
...and more!
 
This episode is brought to you by Stone Hill Wealth Management.
www.stonehillwealthmanagement.com
"Are you on track to retire comfortably?"

High profile victims of businesses (and people) who knew how to better sell their products and services on the internet:
 
Borders Bookstore
Barnes and Noble (dying a slow death)
Blockbuster
Taxi’s
Sears
JCPenney
Toys R Us
Hollywood
Malls all over America
Hillary Clinton
 
...And the destruction is just getting started.  
The businesses who are most exposed are small local businesses.  
There are an unlimited amount of tech savvy entrepreneurs who are using the internet to outsell their local competitors and are slowly putting the businesses who are still marketing like it’s 2002 out of business.  
Just the like the high profile businesses above, they don’t even see it coming and by the time the feel the pinch for real...it’s going to be too late.
On this episode, Chris Ross (owner of Eight Digit Media) and I get together for a special episode to answer common questions we both have been asked about marketing, branding, and selling on the internet.  
Questions Answered:
Where do i start?  There’s so much out there I need to do?
Do I need a podcast?
How do I set up one?
How do you get qualified leads?
How do I grow my followers?
Which platform?
Where do I find the money?
How do I get sales fast?
I do get current customers to buy more from me?
Here's a free live marketing event we are putting together with Fairfield Inn & Suites Marriott Cedar Hill on March 29, 2019 at 8:30am
"How to build your own media company"
 

This episode is brought to you by Stone Hill Wealth Management.
www.stonehillwealthmanagement.com
"Are you on track to retire comfortably?"

The reason a small minority of people (who in many instances DO NOT represent the majority of the people in their views) control what goes on in cities, counties, and states is because there is small voter turnout in non presidential and local elections.   
I believe that is changing thanks to the internet and a rising group of young politically active men and women around the country focused on forcing their seat at the table in their local communities.  
Candice is one of those people. 
There are few people I've seen locally work harder than Candice to get people who normally don't vote to get out out and vote.
We discussed:
How she got political superstar Beto O'Rouke to come to Desoto, Texas and be on her YouTube show "Candid with Candice"
Why changing parental leave policies are important for attracting and retaining the best employees
Why people still underestimate Trump's chance of winning the 2020 presidential election
How she balances a family, work, and being active in her community
 
This episode is brought to you by Stone Hill Wealth Management.
www.stonehillwealthmanagement.com
"Are you on track to retire comfortably?"

This episode is brought to you by Stone Hill Wealth Management.
www.stonehillwealthmanagement.com
"Are you on track to retire comfortably?"

One of my life goals is to own a few businesses in the Motherland.  
I grew up eating chin chin, suya, stock soup, goat meat, fufu, and breaking the Kola nut at every major celebration (My two best friends are Nigerian). 
African Americans were robbed of ever truly knowing where exactly we came from in Africa by the cruelty of slavery, but that hasn't stopped my love and desire to return and invest in the continent from which my DNA originated.  
Ikechukwu Igbo (one of my two best friends) has already moved backed to Africa (Contour Functional Art) and started a business with a few friends, so it was a must that I have him on the Podcast to discuss his experience so far.  
If you have ever thought of living and/or doing business in the Motherland, you will absolutely enjoy this interview. 
 
Ike's company website: https://contourfunctionalart.com
 
This episode is brought to you by Stone Hill Wealth Management
www.stonehillwealthmanagement.com
 
 
 

The U.S. government spends over $500 billion dollars in contracts each year.  
Those contracts go to businesses who know how to do business with the government and Larry Kemp is one them.  
In the episode we discuss with Larry Kemp:
How to do business with the government
What hard work really means
How you can track many of the great American fortunes to doing business with the government
Why it's important as a business person to be involved in politics
 
This episode is brought to you by Stone Hill Wealth Management.
"Are you on track to retire comfortably?"
 

It's funny how as you get older, you start picking up some of the weird hobbies you use to laugh at your parents for being into, like gardening, yard work, and my recent one...becoming an amateur chef.  
After months of hinting, then full on begging, I was able to get Sweetness (AKA my wife Kelley Washington) on the Podcast.  
Sweetness is my teacher and damn good one.  
I have watched her over and over throughout the years take an interest in learning how to prepare a specific dish most would consider complex and difficult, and after a few tries, have everyone around her begging her to make it again.  
She truly has a gift. 
In this episode we discuss:
How she inherited that gift from her two grandmothers
How her mother Jedi mind tricked her into learning
Why she enjoys cooking
The process she uses for creating her own recipe
The influence of African culture on our beloved southern cuisines
 
This episode is brought to you by Stone Hill Wealth Management.
"Are you on track to retire comfortably?"
 

This episode is brought to you by Stone Hill Wealth Management.
"Are you on track to retire comfortably?"

Many people have heard the statistic that something like 80% of businesses fail in the first 5 years. 
This is mostly due to the inability to generate enough sales to pay all the bills.  
What few people know is that something like 80% of businesses also fail in years 5 through 10, after they have proven they can generate sales. 
Why?
They don't track, manage, or invest the money they make well.  
This where my guest, Kendra, and her team bring value.
She is CEO of The Finance Femm, a company that provides outsource CFO services to small and medium sized businesses.  
In this episode we discuss:
The basic building blocks on a profit and loss statement
A simple system for organizing your business finances
How to know when it's time to hire an outsourced CFO
The benefits of freeing up your time to do more of what you do best as a business owner
Check out Kendra's Tax Checklist HERE: Tax Check List
 
This episode is brought to you by Stone Hill Wealth Management.
"Are you on track to retire comfortably?"

Here's the checklist I used to evaluate companies that I reference during the episode: 
How effective is the management at using the company's resources (ROA/ROE)?
Is the company selling at an attractive price?
Does the company have good credit?
Is the stock fairly liquid?
Does the company have a MOAT?
 
This episode is brought to you by Stone Hill Wealth Management.
"Are you on track to retire comfortably?"

Damien Peters is CEO of Wealth Noir, a blog focused on preaching and teaching about the importance of financial freedom and generational wealth to Black millennial professionals.
This episode we discuss:
His experience working at Facebook and Zenga
Life in Silicon Valley
Why he moved to Spain
Building a location independent business 
How he amassed an impressive net-worth at such a young age
How you will get left behind as a business if you don't have a digital media strategy
 
This episode is brought to you by Stone Hill Wealth Management.
"Are you on track to retire comfortably?"

Short format episode
This Podcast episode is brought to you by Stone Hill Wealth Management
"Are you on track to retire comfortably?"

"The secret to success is hard work, dedication, humility, and gratitude."
                                                                         -Karen Cherry
Karen Cherry is owner and founder of SIPs Consults, Kacy's Properties, and Guiding Businesses.
In this episode we discussed:
How she overcame haters trying to "keep her in place"
Going back to school late in life
Starting over after a divorce
How to trust God to fill in the gap when you're "not good enough"
...and more!
 
I left Karen's office ready to conquer the world after listening to her share her story.  
I know I was blessed, and I'm sure you will be too.  
 
This episode is brought to you by Stone Hill Wealth Management.
"Are you on track to retire comfortably?"

Q&A format episode
This Podcast episode is brought to you by Stone Hill Wealth Management
"Are you on track to retire comfortably?"

I have never owned a McDonald's franchise, so obviously I have no idea.  
Good thing I was introduced to a fellow member of the greatest fraternity on the planet that's full of super achievers, Andre Smith, who owns two McDonald's stores in Frisco, Texas with his wife.  
On this episode we discuss:
 
How much of your own money you need minimum to buy a McDonald franchise
Why McDonald's started selling so many pancakes recently
What it takes to build a successful franchise in the McDonald's system
...And many questions I've been waiting a long time to ask a McDonald's franchise owner
 
Links to McDonald's Stores:
Store 1
Store 2
This episode is brought to you by Stone Hill Wealth Management.
"Are you on track to retire comfortably?"
 

Q&A format
 
This podcast is brought to you by Stone Hill Wealth Management
"Are you on track to retire comfortably?"

This episode I interview Dr. Candace Brown-Evans CEO of Fresh Dentistry by CanDDS in Cedar Hill, Texas.
Imagine walking into your local dentist office and feeling the tension release from your shoulders because you can't help but rock from side to side as you hear Teddy P jammin' in the background.
While you wait, you grab one of your favorite snacks on the table and turn on the current Netflix series you are working hard to get through before the new season starts.
The office feels warm, like being in the living room of one of your friends who is clean...not the friend with the dirty house.  Everyone in the office remembers your name and you realize while you used to feel like going to the dentist was a chore, you actually look forwarding to visiting your dentist.
That's the experience Dr. Brown-Evans has created for each of her clients and we discuss exactly how she does it in this episode.  
 
Brought to you by Stone Hill Wealth Management
 
 

Brought to you by Stone Hill Wealth Management

Jay Veal is the CEO of Inc Tutoring and is one of the smartest people I know.
It's no wonder he went into the tutoring business.
On this episode we discuss: 
The best jobs for students coming out of school with a STEM background
The future of education and our thoughts on education reform
Why paying attention to your passion and natural gifts can be profitable
And how the Urban League of Greater Dallas Young Professionals has spun out many of the current young leaders in the DFW Metroplex.
 
This Podcast is brought to you by Stone Hill Wealth Management..."Are you on track?"

This episode I interviewed Glenda Johnson CEO of Ascension Business Capital
When I've studied and observed successful business owners, one of the common skills just about ALL of the greats have is the ability to get access to money to fund their mission.
There are multiple ways to get money for your business.  Glenda shares her insights from 30+ years of banking experience on how to be in position to choose which bank you want to receive money from vs going to the bank hand in hat hoping you can get approved.  
 
This podcast is brought to you by Stone Hill Wealth Management
Click the link to download a free PDF copy of my book: "Retirement Investing 101"

I had a chance to speak with Alrick Warner CEO of Bass Printing Company.
We discussed his 34 year career as a scientist, product developer, and manager at Proctor and Gamble.
We get into the details on how he led teams that launched new products, created multiple patents for the company, open up international markets for products, and invented proprietary printing technologies.  
I learned a TON and I'm sure you will too.  
Brought to you by Stone Hill Wealth Management

I talk with LaToya Owens CEO of Genasis Enterprises about:
How she got started in business
Why tax refunds are down in 2019
Why it might be beneficial to start a business
 
Brought to you by Stone Hill Wealth Management

I will be weaving in interviews with entrepreneurs in between my normal podcast format.  
A big key to being a good investor is understanding business and what it takes to build and manage a successful business.  
Anthony Brown, Jr.is CEO of Carter's Car Care.  
We discuss:
How Anthony created and executed a plan to leave his 9 to 5 to start his business
The future of the car business
The art and science of washing cars
During the episode we brainstormed an idea for creating the Uber of mobile car washing.  
I learned a lot and I'm sure you will too.
 
Carter's Car Care social media handles:
IG: Carters_Car_Care
FB:@CartersCarCare
YouTube: Carter's Car Care
 
 

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Interested in learning how to invest your 401(k) check out: "How to pick your 401(k) investments in 5 steps without guessing"  Powered by Stone Hill Wealth Management
 

If you have questions you would like me to answer, send them to phillip@phillipwashingtonjr.com or DM me on Instagram: www.instagram.com/askphillip
 
 

Please send any questions you would like me to answer to phillip@phillipwashingtonjr.com or DM me at www.instagram.com/askphillip

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I had platinum hip hop artist Dorrough (Dorrough Music) and Matt Houston (Host of his FB show The Porch w/Harrison Blair and Matt Houston) come through this episode. You're going to love it. Powered by Stone Hill Wealth Management www.stonehillwm.com

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"What kinds of financial questions should you have with a partner you're in a serious relationship with?"