The Wilson Wealth Show

Ep 29: Reflections and Resolutions

Heading into the new year, The Wilson Wealth Show team focuses on reflections, resolutions and understanding the big picture. Intentionality takes center stage as Ablavi, Marcus and Maurice discuss their plans for 2022 and the discipline they’re bringing in pursuit of opportunity on the horizon. The co-hosts take a look at where we’ve been and where we’re likely headed, given historical economic, geopolitical, technological and cultural cycles. They’re excited!

 

Pandemic is also front-and-center on this episode: The many impacts of coronavirus not only in terms of disruption and loss of loved ones, but also because of the shifts that have occurred as a result. People no longer feel chained to dead-end jobs or cubicle commutes, which Maurice believes will have profound long-term impacts on family life and the economy. The co-hosts discuss trends in real estate in their respective markets in the “New New South” and what it means for the Black middle and working class.

 

Advisors at Wilson Wealth clearly see a rising level of interest among clients, who are exploring investment vehicles that might previously have seemed out of reach. The goal is to guide people at all ages and stages of life through landmines on the way to prosperity. Tune in to get oriented for 2022 and also hear about evergreen podcasts from 2021 (links below) that – if you haven’t heard them already – you won’t want to miss!

 

We hope you enjoyed this episode and will continue to join us for more in the year ahead. Please click here to listen to previous shows recorded in 2021!

 

 

Key Quotes:

“Like with a lot of stuff in our community, we touch stuff and make it cool and I feel like we’ve brought the idea of making money into the mainstream.” (Marcus)

“I like setting a (New Year’s) word versus a goal because then it’s something you can keep at and keep at doing.” (Maurice)

“In broad strokes you have nanotechnology, artificial intelligence, cryptocurrency, metaverse, all the sustainability initiatives – all of that is pushing and shifting our economy.” (Maurice)

“The coronavirus removed the muzzle that people had on in terms of complaining about their jobs and seeking different alternatives ... People are realizing the freedoms of not having to go into a cubicle every day.” (Maurice)

“Any time you have great change you have a lot of problems that need to be solved, and those solutions are profitable and that leads to a great stock market.” (Maurice)

“It’s going to come down to the have’s and the have-not’s … At the end of the day you just really have to have your money right to make certain moves. Period.” (Ablavi)

“It isn’t fair but if your income isn’t at a certain place, unfortunately you’re going to be adversely impacted. That’s just how it works.” (Ablavi)

“The Fed’s going to do what the Fed’s going to do, but if the economy is going to expand, it will expand. I’m really excited.” (Maurice)

 

What We Covered:

0:00 - Intros

1:00 – Sharing reflections on 2021, including cultural shifts that are fostering candid conversations about money.

3:20 – Last year saw clients opening up to things they previously thought were for “other people,” like investing in Bitcoin or other lesser-known market vehicles.

5:20 – About resolutions and what they look like, year over year. Intentionality is the mantra for Marcus, which Maurice reveals is coincidentally a huge goal within his household as well.

8:00 – About keeping 2022 resolutions going beyond the Q1 “gym effect,” in which enthusiasm for diet and exercise goals drops off a few months into the new year.

9:08 – The panel reflects on some of their favorite podcast episodes* of 2021, including:

• "The Value of Time"
• "The Value of HBCUs"
• "Trapped By Success"
• "Dating & Money"
• "Maternity & Money"
• "Women in Business"

*Available on iTunes, Podbean, Google Podcast and @ www.wilsonwealth.com

13:33 – Looking ahead to the coming year’s forecast, Maurice uses historical references to understand where we are geo-politically, economically and technologically.

16:21 – Pandemic has had tremendous impacts on our culture around work and alternatives to being chained to a cubicle and unhappy work conditions.

16:55 – Marcus shares thoughts on stock market volatility. There are uncertainties that could impact the overall economy, but he doesn’t see this as a reason to shy away from long-term investments that pay off over time.

18:47 – Ablavi takes a look at the real estate market and upcoming Federal Reserve interest rate changes as well as inventory and points of entry. Marcus also reports huge demand in Nashville pushing per-square-foot pricing and whether that growth is sustainable. Maurice sees a steady trajectory as the “New New South” builds out.

23:45 – Some historic perspective. Maurice recalls the arc of the “new black middle class” in Atlanta dating to the 80s, its flowering over time and replication in Nashville’s more recent boom. Charlotte doesn’t quite yet have the same mix of culture and vibrancy, but “hope springs eternal.”

25:08 – The Fed: It’s always front-and-center for investors and can do no right, especially when it comes to increasing interest rates. But Maurice notes the anomaly that black families have historically improved their financial picture during periods of overall rate tightening.

27:45 – The hosts pause to share their excitement about what lays ahead both for the podcast and Wilson Wealth’s clients moving into 2022.

 

 

Connect with the Wilson Wealth Show Team:

Website: www.wilsonwealth.com

Facebook: Wilson Wealth | Facebook

Maurice:  https://www.linkedin.com/company/wilsonwealth/ 

Wilson Wealth @Wilson Wealth (@wilsonwealth) • Instagram photos and videos 

 

 

Ep 28: How to Build a Billion Dollar Roth IRA

In today's episode of the Wilson Wealth show, we are talking about Roth IRAs and the people who beat the system and made billions off them. The most famous example of this is Peter Theil. Peter Theil is the co-founder of PayPal, however he is most known for his five-billion-dollar Roth Individual Retirement Account balance. Join us as we discuss ethical dilemmas, congressional responses and how the average person can make significant money through these investment vehicles as well. 

 

Please visit us at www.wilsonwealth.com, on Instagram and Twitter @wilsonwealth and on Facebook www.facebook.com/wilsonwealth for more information about us and the company. 

 

Quotes 

“Peter has congress second guessing the tax policies of these investment vehicles. Massachusetts Democratic Representative Richard Neal, who chairs the House Ways and means Committee, has requested a proposal to “stop IRAs from being exploited” -Ciera 

“The outrage should be targeted at the politicians that protect these loopholes not the people who jump through them.” -Maurice 

“These are tools to help you build wealth in the stock market.  Tools get misused all the time.  Using these accounts for retirement is a misuse.” -Maurice 

Ep 27: Freedom and Success with Derrick Salter

On this week's episode of the Wilson Wealth Show, we interview successful entrepreneur and friend of the show Derrick Salter. Derrick Gives us a tell- all about his journey from a successful and beloved school principal to a very successful entrepreneur running his own real estate business and living life on his own terms. We were most interested in Derricks speedy success, in just under five years he’s gone from five investment properties to over 40 with more on the way. Tune in to find out what he has to say about his success and what it took for him to get to where he is today. To find out more about us and the company, please visit us at www.wilsonwealth.com, on Instagram and Twitter @wilsonwealth and on Facebook www.facebook.com/wilsonwealth. 

 

Quotes

Most people can’t do what I do. - Derrick Salter

I listened to my wife and she said you’re actually losing money going to that job everyday. - Derrick Salter

Having passion alone doesn't necessarily mean you're going to be successful.  - Maurice Wilson

I just did it instead of just talking about it. - Derrick Salter

All my friends started making money. - Derrick Salter

I wish I would have bought more real estate earlier on.  - Derrick Salter

In order to help somebody else you got to help yourself first. - Derrick Salter

You have to have luck.  - Derrick Salter

Doing it and not talking about has been the biggest key to my success. - Derrick Salter

 

For more information about us and the company, visit us at www.wilsonwealth.com, on Instagram and Twitter @wilsonwealth and on Facebook www.facebook.com/wilsonwealth.

Ep 26: Freedom and Success with Chef Lisa Brooks

In today’s podcast, Maurice sit down with business owner, Lisa Brooks, to discuss how she left corporate America to start a successful company that has taken her from local celebrity to feature chef on The Tamron Hall Show.

 

Quotes

Everything great in life happens on the other side of fear. – Lisa Brooks

 

You’re never too old to change the direction of your life.  I did so at 40.  The best decision I ever made. – Lisa Brooks

 

I’m the happiest I’ve ever been.  I’m the most secure I’ve ever been financially, and I wouldn’t trade the experience for the world. – Lisa Brooks

 

For more information about us and the company, visit us at www.wilsonwealth.com, on Instagram and Twitter @wilsonwealth and on Facebook www.facebook.com/wilsonwealth.

 

Ep 25: Will the Housing Market Crash

In today's episode of the Wilson Wealth Show, we dive into the insanity that is the current housing market. This year has broken every record imaginable in the selling and buying market, creating what many experts are theorizing is a bubble reminiscent of the 2007 crash. In part one of this two-part series, we are deep diving into all the arguments theorizing another historic crash in the market, and giving our predictions based on our research and opinions. Next week, in part two, we will be looking into other sources saying otherwise and why. So tune in and find out what the housing market means for you and your future home.  

For more information about us and the company, visit us at www.wilsonwealth.com, on Instagram and Twitter @wilsonwealth and on Facebook www.facebook.com/wilsonwealth.  

 

Quotes  

“The housing market is seeing all-time record-breaking statistics across the board. Home prices: record high. Inventory: record low. Percentage of homes selling above asking price: record high. Average time on market: record low.” -Ciera 

 

“Literally builders can’t build new homes fast enough and it’s getting to the point, where some aren’t even paying real estate agents or if they are they are lowering their commission, because there is so much demand. It comes down to supply and demand. When demand is high, prices go up.” -Ablavi 

 

“The bubble occurs when hype and reality create a virtuous buying cycle that keeps the prices of an asset rising until eventually all the buyers dry up (for a host of different reasons) and the cycle unwinds, or the bubble bursts.” -Maurice 

Ep 24: Should you Care about the Biden Marriage Tax

On this episode the Wilson Wealth Show, Ciera and Maurice discuss the Biden Marriage Tax.  

Please visit us at www.wilsonwealth.com, on Instagram and Twitter @wilsonwealth and on Facebook www.facebook.com/wilsonwealth for more information about us and the company, we’ll see you guys next week on the Wilson Wealth Show.

Ep 23 - The Wedding Hustle Pt 2

Today's podcast starts off our new series on the American wedding industry, today we are talking about The Wedding Hustle: How America’s Wedding Industry Gets Rich. The wedding industry is seeing a huge boom after COVID-19 canceled so many weddings back in 2020. With everyone trying to have the perfect wedding on a budget, don’t let the wedding industry take advantage of you!

 

Listen in as Ciera, Maurice, and Ablavi give their controversial opinions about wedding culture and the industry it fuels. 

 

Please visit us at www.wilsonwealth.com, on Instagram and Twitter @wilsonwealth and on Facebook www.facebook.com/wilsonwealth for more information about us and the company, we’ll see you guys next week on the Wilson Wealth Show.

 

Quotes

“If you’re in the wedding industry, you’re robbing people.” - Ciera McCosh

 

“Vendors charge more for the same services if they know the event they are catering is a wedding.” - Ciera

 

“Those who aren't getting married should not be inflicting pressure on those who are.” - Ablavi

Ep 22: The Wedding Hustle

Today's podcast starts off our new series on the American wedding industry, today we are talking about The Wedding Hustle:  How America’s Wedding Industry Gets Rich. The wedding industry is seeing a huge boom after COVID-19 canceled so many weddings back in 2020. With everyone trying to have the perfect wedding on a budget, don’t let the wedding industry take advantage of you!

Listen in as Ciera, Maurice, and Ablavi give their controversial opinions about wedding culture and the industry it fuels. And tune in next week for part two! Please visit us at www.wilsonwealth.com, on Instagram and Twitter @wilsonwealth and on Facebook www.facebook.com/wilsonwealth for more information about us and the company, we’ll see you guys next week on the Wilson Wealth Show. 

 

Quotes 

“If you’re in the wedding industry, you’re robbing people.” - Ciera McCosh 

 “Vendors charge more for the same services if they know the event they are catering is a wedding.” - Ciera 

 “Those who aren't getting married should not be inflicting pressure on those who are.” - Ablavi 

Ep 21: Kit Homes 101

In today's podcast, our host Ciera and Maurice talk about the final installation of this month's alternative homes series, kit homes. Kit homes are mail-order houses, delivered in parts by a manufacturer and stick built on the property by either you or a contractor. This up-and-coming home building fad dates back to the early 20th century and exploded in popularity during the baby boom. Tune in to find out more about the new explosion of kit homes and why it could be a great option for you. Please visit us at www.wilsonwealth.com, on Instagram and Twitter @wilsonwealth and on Facebook www.facebook.com/wilsonwealth for more information about us and the company. 

 

Quotes 

“Right exactly, basically you pick a design you want from a specific manufacturer, and they just come deliver all the precut materials and you put together your dream home.” - Ciera 

“Over 100,000 kit homes were built between 1908- 1940, and according to the University of Maryland archivist, Sears was the biggest kit home manufacturer from that era.” - Ciera 

 

“This could be a great option for people who like DIY or have the time to put in the work considering the money you'll save; however, my only advice is to know yourself and what you can handle before you commit to this because you are still building a house from the ground up which is a big task.” -Maurice  

 

 

Ep 20: Container Homes 101

On today’s episode of the Wilson Wealth Show, Ciera and Maurice talk about another alternative home option, shipping container homes. Shipping container homes are a fast-growing trend where out-of-service container homes are used as building materials for various types of unique homes. With homes ranging from a little as 10,000 dollars to as much as 175,000 dollars depending on how many are stacked and what amenities are put in, these containers are a cheap way to build your dream house or a minimal starter home. Find out if a container home is right for you in this week's installment of this month's series: Alternative Homes. 

To find out more about us and the company, please visit us at www.wilsonwealth.com, on Instagram and Twitter @wilsonwealth and on Facebook at  www.facebook.com/wilsonwealth. 

 

Quotes: 

“This can be for people of all socioeconomic classes; you can get a cheap starter home in your 20s or if your older and more established you can build the home of your dreams and go crazy with the design for half the price.” - Maurice 

 

“You can pretty much do anything you want design wise; you can have them laid out farmhouse style or stack them to make multiple floors, it doesn’t have to be boxy I've seen a lot of cool designs with big windows and a more modern style.” - Ciera 

 

“The smallest shipping container can be as small as 100 square feet, but eight larger containers put together can make a two-story house with about 1400 square feet of floor space.” - Ciera