The Wilson Wealth Show

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 

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  

 

 

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  

In today's episode of The Wilson Wealth show, our host, Ciera, and financial advisor Maurice talk about the Tiny Home movement. Tiny homes were popularized a few years ago by millennials and viewed as a fad. However, in recent years many home builders have jumped on the bandwagon and offer many different options for those looking to live in a sustainable home with travel abilities. With many millennials and older Gen Z unable to purchase a house the traditional way due to the current economic downturn and rough housing market, Wilson Wealth is showcasing different affordable options this month with our series "Alternative Homes." To find out more about the company and us, please visit us at www.wilsonwealth.com, on Instagram and Twitter @wilsonwealth, and Facebook www.facebook.com/wilsonwealth for more information about the company and us.

 

Quotes:

“You have to remember it is a downsize, depending on what you get they can be smaller than a studio or about the size of a one-bedroom apartment” - Ciera

“I think this is a good option for people who are either younger or retired who just want to travel around in their actual home” - Ciera

“Owning a tiny home would create equity just like owning any home, so it would be a better option than wasting money on an apartment that does nothing but drain money” -Maurice

 

In this episode of the Wilson Wealth Show, Maurice and Ciera discuss the three things you need to know when buying life insurance.  Maurice mentions that life insurance is for the unexpected.  No one expects to die, thus life insurance is a must for anyone seeking to build wealth and leave a legacy for their children.

 

We at Wilson Wealth are committed to helping you build generational wealth, to find out more about us please visit us at www.wilsonwealth.com and follow us on Instagram (@wilsonwealth) and Facebook (www.facebook.com/wilsonwealth) for more information about us and the company.

In today’s podcast, we discuss what spending should look like in retirement.

Most people spend their adult lives saving as much as possible for their retirement, but no one talks about the best way to spend that money. Maurice breaks down the common spending trends in retirement from the first ten years to the last ten years and what the best habits are in order to lower taxes and continue bettering credit. Retirement is meant to be spent, so tune in to find out more about how to live out your golden years in style while keeping that budget intact! 

We at Wilson Wealth are committed to helping you build generational wealth, to find out more about us please visit us at www.wilsonwealth.com and follow us on Instagram (@wilsonwealth) and Facebook (www.facebook.com/wilsonwealth) for more information about us and the company.

 

Quotes  

“Imagine you're planning a vacation and you're looking at the weather and packing your bags, but you don’t plan an itinerary for when you actually get there, this is what people are doing when they save for retirement but aren't planning on how to spend their money.” - Maurice 

 

 “Most retirees will have most of their money coming out of an IRA which means you will always have to be running the tax numbers in your head, and the best way to avoid that is to have a fixed amount of money you're pulling out” - Maurice. 

 

“Plan for a thirty-year retirement or longer “- Maurice 

 

“You want to make a big-ticket bucket list that lists out everything you want to do in your first ten years of retirement and add all of it up, which I'm guessing would add up to about 100,000 dollars.” -Maurice 

 

“It's best to avoid big withdrawals by financing instead.” - Maurice  

 

On this week's episode of the Wilson Wealth Show, our team discusses a big investment that many well-off families make for their children, private schooling. We ask the question, is private school worth it? We did a deep dive into the difference between private and public-school testing scores as well as some research on pricing, and which celebrities attended private vs public school. With private school costing almost as much as a college education, join us as we weigh the pros and cons of such an expense and find out if its right for you! 

We at Wilson Wealth are committed to helping you build generational wealth, to find out more about us please visit us at www.wilsonwealth.com and follow us on Instagram (@wilsonwealth) and Facebook (www.facebook.com/wilsonwealth) for more information about us and the company. 

 

Quotes  

“If your objective is to create generational wealth, then private school is not matching up with that objective” - Ablavi 

“Basically, private school is for people who already have generational wealth, usually for legacy purposes, it's not really cohesive with the middle-class lifestyle” -Ciera 

“Private school is like a trap fueled by peer pressure, once you're in it and its not working, it seems like social suicide to take your kids out”- Maurice 

 

In today's podcast The Wilson Wealth Show talks about investing in your child past the age of 18 and what that means in our current economy.

Kids are having to stay at home longer and college is going up in price so what are parents to do? With the cost of raising a child at an all-time high, is it a worthy investment to continue to help your child past the age of eighteen? How do you save for retirement with the extra expenses of keeping your child into their twenties?

Maurice, Ciera and Ablavi answer all these questions and more in this week's installment of our April investment series: “Is Your Child Still a Good Investment?”. 

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

 

Quotes 

 “We are keeping our children longer than 18, times have changed for a lot of parents” -Ciera 

 “The term boomerang kids means you throw out a kid at 18 and they have to come back four to five years later, that window of when a child comes back and leaves for good is getting longer.”- Maurice 

 “That Window of kids leaving used to be 18-25 but now it's more 18- 30, which means your expenses are definitely higher.” - Maurice 

 “Does the financial part of being a parent end at the age of 18? Traditionally, not really.”- Ciera  

 “I think what's really important is to be positioning yourself to help your child before they reach the age of 18 at the greatest capacity possible.” -Ablavi 

 “Don't invest in what you're not willing to lose.”-Ablavi 

 “When do you go from helping your child to enabling them?” -Ciera  

 “There's a fine line between doing everything you can to help you child and enabling them, there needs to be some tough love.”- Ablavi 

 “Parents have to protect themselves to, or your retirement will go down the drain and your kids won't be any farther in life.”-Ciera 

 “You don’t hope for any particular outcome, you plan for all possible outcomes”- Maurice 

 “It's important to have boundaries, even with your own children.”-Ciera  

 “Help you child in the way that helps them the most and not the way you wanted to help them.”-Ciera 

 

Today's podcast is more geared towards women because women are becoming the new breadwinners and are often the main caretakers of their children. Investing in your spouse can mean a few things, such as supporting them through school, or even helping them start a business. So how as a woman are you to approach these big financial decisions when love is the motivation?  Should Wives invest in their husbands despite possible risks? Let's ask the question: "Is your spouse a good investment?" and see what our hosts have to say today! 

 

Quotes   

“I Think a woman needs to protect her credit from the business” -Maurice 

 

“It's not a one size fits all, you have to evaluate your partner and your specific situation and go from there.” - Ablavi 

 

“I think it's perfectly fine to have all the student loans in the person who's getting the degrees name, but have the breadwinner to help with the payments” -Ciera 

 

“Don’t do anything for your spouse financially that you can't easily unwind” - Maurice 

 

“I think Married couples should have three bank accounts; his, hers, and ours”-Maurice 

 

“It's not unheard of for a spouse to empty a bank account when things break badly and leave the other hanging”- Maurice  

 

Connect with the Wilson Wealth Show Team:

Website: https://www.wilsonwealth.com/

Facebook: WilsonWealthFBPage

Instagram: Wilson Wealth Mgmt Group (@wilsonwealth) • Instagram photos and videos

Glass Ceiling Show notes 

In today's podcast we ask the hard question “has the glass ceiling been broken?” regarding women in corporate America today. With the Inauguration of Kamala Harris, a monumental win for women across the country, we are seeing a shift in the conversation about equality between men and women in the workplace. So, is the inequality gone? How much has corporate America really changed in the last 20 years? Our special guests Francheska Werner and Akilah Charlamagne answer these hard-hitting questions and more. These women have been navigating corporate America for the last 20 plus years and have seen the changes themselves, as well as been a part of the change. Find out more about what these ladies had to say in this week's installment of women and money “ Has the Glass Ceiling Been Broken?”. 

Francheska Bio: 

Francheska Werner is an experienced sales leader that has worked in the Biotech and Molecular Genetics Laboratory Industries for over 24 years. She helps organizations meet and exceed sales objectives through development of go to market strategies, integration of sales and marketing programs and by supporting the field sales team. Hers is a philosophy of servant leadership that encourages innovation and accountability. This allows the team to execute at the highest level possible. 

Akilah Bio: 

Akilah Charlemagne, who is an influential Human Resources Business Partner and Relationship Builder with 20 years of experience working in Technology, Higher Education, Healthcare and the Non-Profit sector. She launched Career Lemonade in 2019 – where she partners with professionals and entrepreneurs who are looking to make a shift while increasing their confidence and supporting them in making better Career & Business decisions.

 

Connect with the Wilson Wealth Show Team:

Website: https://www.wilsonwealth.com/

Facebook: WilsonWealthFBPage

Instagram: Wilson Wealth Mgmt Group (@wilsonwealth) • Instagram photos and videos