The Color of Money | Transformative Conversations for Wealth Building

Everyone receives inheritances, and everyone leaves some kind of inheritance, even if those inheritances are not financial in nature. Today, our guest is Dr. Pamela Jolly, a wealth strategist who specializes in legacy wealth. She explains that legacy is about understanding who and what we have inherited and how we can choose what inheritance we leave behind. Dr. Jolly also explains that generational wealth is a strategy. It is where you, as a family business, determine how you will create, build, grow, and expand wealth as you define it. She talks about the unique challenges each generation faces in continuing that strategy and how to get past them.Real estate, as Dr. Jolly points out, is one of the key components of generational wealth. Ownership is the foundation of inheritance, and home ownership is one of the most important kinds.Join us in this episode to soak up all of Dr. Jolly’s knowledge and wisdom, including her 12 steps to build wealth your way.Resources:Learn more at The Color of MoneyListen to the Jolly Journey Podcast Read: The NarrowRoad A Guide to Legacy WealthLearn more about Dr. Jolly’s work at TorchEnterprises.comBecome a real estate agent HEREConnect with Our HostsEmerick Peace:Instagram: @theemerickpeaceFacebook: facebook.com/emerickpeaceDaniel Dixon:Instagram: @dixonsolditFacebook: facebook.com/realdanieldixonLinkedIn: linkedin.com/in/dixonsolditYouTube: @dixongroupcompaniesJulia Lashay:Instagram: @iamjulialashayFacebook: facebook.com/growwithjuliaLinkedIn: linkedin.com/in/julialashay/YouTube: @JuliaLashayBo MenkitiInstagram: @themenkitigroupFacebook: facebook.com/obiora.menkitiLinkedIn: linkedin.com/in/bomenkiti/Produced by NOVA MediaThis podcast is for general informational purposes only. The guest's views, thoughts, and opinions represent those of the guest and not KWRI and its affiliates and should not be construed as financial, economic, legal, tax, or other advice. This podcast is provided without any warranty, or guarantee of its accuracy, completeness, timeliness, or results from using the information.

Worried about how you’re going to earn your buyer commission after the Sitzer-Burnett lawsuit ruling? You definitely aren’t alone. But Patricia Long, broker and co-owner of Keller Williams Preferred Properties, is here to talk us through it.On one level, nothing has really changed. You should have already been requesting your client sign a buyers’ agreement that says they will pay you if the seller does not. You should have already been showcasing your value and going above-and-beyond for your clients.On another level, this could be devastating for first-time home buyers who can barely afford the down payment, but can’t afford to pay the buyer commission out of pocket. These buyers are often black. They will likely either be left behind, taken advantage of, or not catered to.So what can we do? Tune in to hear Patricia’s advice on engaging politically, fine-tuning your value proposition, and doubling down on relationship-building.Resources:Learn more at The Color of MoneyRead Millionaire Real Estate Agent Sign up for the free class on how to understand and demonstrate your value by the National Association of Real Estate Brokers.Become a real estate agent HEREConnect with Our HostsEmerick Peace:Instagram: @theemerickpeaceFacebook: facebook.com/emerickpeaceDaniel Dixon:Instagram: @dixonsolditFacebook: facebook.com/realdanieldixonLinkedIn: linkedin.com/in/dixonsolditYouTube: @dixongroupcompaniesJulia Lashay:Instagram: @iamjulialashayFacebook: facebook.com/growwithjuliaLinkedIn: linkedin.com/in/julialashay/YouTube: @JuliaLashayBo MenkitiInstagram: @themenkitigroupFacebook: facebook.com/obiora.menkitiLinkedIn: linkedin.com/in/bomenkiti/Produced by NOVA MediaThis podcast is for general informational purposes only. The guest's views, thoughts, and opinions represent those of the guest and not KWRI and its affiliates and should not be construed as financial, economic, legal, tax, or other advice. This podcast is provided without any warranty, or guarantee of its accuracy, completeness, timeliness, or results from using the information.

For decades the South Side of Chicago was intentionally divested from. That is the legacy of racism in America. Today, Jerome Harper, Nate Thompson, La'Dweena Smith, and Rashauna Scott are reinvesting in the South Side, creating a new legacy.Jerome Harper and Nate Thompson join the show today to tell us about the new Business Center they are opening in Chicago’s South Side. Not only will the Business Center be a welcoming place, like a cafe, but Jerome and Nate tell us they plan to go out into the community. They want to provide education and resources so that families can create their own legacies through owning real estate.We have a wonderful conversation about the power of community, legacy, sharing wisdom, and supporting one another.Resources:Learn more at The Color of MoneyBecome a real estate agent HEREConnect with Our HostsEmerick Peace:Instagram: @theemerickpeaceFacebook: facebook.com/emerickpeaceDaniel Dixon:Instagram: @dixonsolditFacebook: facebook.com/realdanieldixonLinkedIn: linkedin.com/in/dixonsolditYouTube: @dixongroupcompaniesJulia Lashay:Instagram: @iamjulialashayFacebook: facebook.com/growwithjuliaLinkedIn: linkedin.com/in/julialashay/YouTube: @JuliaLashayBo MenkitiInstagram: @themenkitigroupFacebook: facebook.com/obiora.menkitiLinkedIn: linkedin.com/in/bomenkiti/Produced by NOVA MediaThis podcast is for general informational purposes only. The guest's views, thoughts, and opinions represent those of the guest and not KWRI and its affiliates and should not be construed as financial, economic, legal, tax, or other advice. This podcast is provided without any warranty, or guarantee of its accuracy, completeness, timeliness, or results from using the information.

The fundamental building blocks for growing a real estate company and impacting a community are the same. Harrison Beacher from the Coalition Properties Group joins the show today to explain how.Harrison’s company has served over 1,700 families for $650 million in sales volume in the DC metro area since 2019. During that time, they’ve also facilitated over $1 million in charitable contributions. How has he managed to do so much for the community while also building a super successful business? He explains that real estate sales and building relationships in the community overlap well, if you are generous and selfless.Harrison’s three building blocks are: First, learn about your community and reach out to people. Second, get to know them and what they need. Third, provide them what they need. Those building blocks work for lead generation as well as helping nonprofits with your time, talent, and treasure.If you have a head for business and a heart for impacting the world for good, you’re going to find a lot of useful information this episode. Resources:Follow Harrison Beacher on Instagram: @HLBeachLearn more at The Color of MoneyBecome a real estate agent HEREConnect with Our HostsEmerick Peace:Instagram: @theemerickpeaceFacebook: facebook.com/emerickpeaceDaniel Dixon:Instagram: @dixonsolditFacebook: facebook.com/realdanieldixonLinkedIn: linkedin.com/in/dixonsolditYouTube: @dixongroupcompaniesJulia Lashay:Instagram: @iamjulialashayFacebook: facebook.com/growwithjuliaLinkedIn: linkedin.com/in/julialashay/YouTube: @JuliaLashayBo MenkitiInstagram: @themenkitigroupFacebook: facebook.com/obiora.menkitiLinkedIn: linkedin.com/in/bomenkiti/Produced by NOVA MediaThis podcast is for general informational purposes only. The guest's views, thoughts, and opinions represent those of the guest and not KWRI and its affiliates and should not be construed as financial, economic, legal, tax, or other advice. This podcast is provided without any warranty, or guarantee of its accuracy, completeness, timeliness, or results from using the information.

Collaboration is the bloodline for any big business. And it's a key to an abundance of resources. On today’s episode Richard Spears, Charles Holloway, Rod Williams and Tre Adams share with us how they first connected to create the mastermind group that they are today.They talk about feeding off each others’ intentionality, excitement, and visions. They also talk about putting aside egos and scarcity mindsets, while embracing vulnerability and abundance mindsets. Not only do these men support each other in business, but also in their personal lives– they help each other become better husbands and fathers.Richard, Charles, Rod, and Tre are incredible examples of what pouring into each other looks like. Everyone in the real estate industry, and the world, can learn a lot from them.Resources:Learn more at The Color of MoneyBecome a real estate agent HEREConnect with Our HostsEmerick Peace:Instagram: @theemerickpeaceFacebook: facebook.com/emerickpeaceDaniel Dixon:Instagram: @dixonsolditFacebook: facebook.com/realdanieldixonLinkedIn: linkedin.com/in/dixonsolditYouTube: @dixongroupcompaniesJulia Lashay:Instagram: @iamjulialashayFacebook: facebook.com/growwithjuliaLinkedIn: linkedin.com/in/julialashay/YouTube: @JuliaLashayBo MenkitiInstagram: @themenkitigroupFacebook: facebook.com/obiora.menkitiLinkedIn: linkedin.com/in/bomenkiti/Produced by NOVA MediaThis podcast is for general informational purposes only. The guest's views, thoughts, and opinions represent those of the guest and not KWRI and its affiliates and should not be construed as financial, economic, legal, tax, or other advice. This podcast is provided without any warranty, or guarantee of its accuracy, completeness, timeliness, or results from using the information.

When Harvey Yancey was a kid growing up in a one-bedroom apartment outside DC, he always dreamed about having his own bedroom with big, beautiful windows. That’s why today he makes sure that every home he builds has big windows and a nice design. He believes that everyone deserves to live in a beautiful home, not just the millionaires. You see, Harvey is the kind of guy who does the right thing because it is the right thing to do. When he’s not busy running his super successful companies (H2 Communities, H2 Design Build, and H2 Development), he’s giving out food to the community or helping a kid attend football camp.Listen in to this episode to hear Harvey’s story and what drives him.Resources:Learn more at The Color of MoneyCheck out Harvey Yancey’s company H2Designbuild.coBecome a real estate agent HEREConnect with Our HostsEmerick Peace:Instagram: @theemerickpeaceFacebook: facebook.com/emerickpeaceDaniel Dixon:Instagram: @dixonsolditFacebook: facebook.com/realdanieldixonLinkedIn: linkedin.com/in/dixonsolditYouTube: @dixongroupcompaniesJulia Lashay:Instagram: @iamjulialashayFacebook: facebook.com/growwithjuliaLinkedIn: linkedin.com/in/julialashay/YouTube: @JuliaLashayBo MenkitiInstagram: @themenkitigroupFacebook: facebook.com/obiora.menkitiLinkedIn: linkedin.com/in/bomenkiti/Produced by NOVA MediaThis podcast is for general informational purposes only. The guest's views, thoughts, and opinions represent those of the guest and not KWRI and its affiliates and should not be construed as financial, economic, legal, tax, or other advice. This podcast is provided without any warranty, or guarantee of its accuracy, completeness, timeliness, or results from using the information.

What does it take to be named one of REALTORⓇ Magazine’s 30 under 30? Daniel Walcott joins us today to tell us about the path that led him to the award. It wasn’t an easy or perfect path.Daniel got his first taste of real estate as a Howard student when he joined the Real Estate Club. Then, in his first year as a professional real estate agent, he only sold one house. But he found mentorship and support in other Keller Williams agents. And he stuck with it.Never give up and never stop learning, that’s what Daniel says got him to where he is today. Now as he grows his business and becomes a leader himself, he keeps that same focus: Never give up and never stop learning.  Join us for an uplifting episode about envisioning your future and building wealth through real estate.Resources:Follow Daniel on Instagram: @danielwalcott.realtorLearn more at The Color of MoneyBecome a real estate agent HEREConnect with Our HostsEmerick Peace:Instagram: @theemerickpeaceFacebook: facebook.com/emerickpeaceDaniel Dixon:Instagram: @dixonsolditFacebook: facebook.com/realdanieldixonLinkedIn: linkedin.com/in/dixonsolditYouTube: @dixongroupcompaniesJulia Lashay:Instagram: @iamjulialashayFacebook: facebook.com/growwithjuliaLinkedIn: linkedin.com/in/julialashay/YouTube: @JuliaLashayBo MenkitiInstagram: @themenkitigroupFacebook: facebook.com/obiora.menkitiLinkedIn: linkedin.com/in/bomenkiti/Produced by NOVA MediaThis podcast is for general informational purposes only. The guest's views, thoughts, and opinions represent those of the guest and not KWRI and its affiliates and should not be construed as financial, economic, legal, tax, or other advice. This podcast is provided without any warranty, or guarantee of its accuracy, completeness, timeliness, or results from using the information.

Credit is a game with its own rules– rules that don’t even make sense a lot of times– but it’s a game all of us Americans have to play if we want to be ok financially. In this episode, we dive into the basics of ‘the game’ and talk about why you really need to work with a professional when it comes to building your credit.We have a lot of “did you know” moments in this episode. Like: Did you know using more than 30% of your credit card limit is bad for your credit score? That’s right– getting your credit utilization rate right will do more for your score than paying off some collection accounts. We also get into the weeds a little bit, for real estate professionals. We cover how the FHFA has started to allow lenders to use FICA 10T and VantageScore models to evaluate borrowers.There is a lot to chew on in this episode. You’re going to have the urge to take some notes and then look up your nearest reputable credit professional. Enjoy!Original summarization of the episode.Resources:Learn more at The Color of MoneyRead: The State of Housing in Black America (SHIBA) Report 2023Become a real estate agent HEREConnect with Our HostsEmerick Peace:Instagram: @theemerickpeaceFacebook: facebook.com/emerickpeaceDaniel Dixon:Instagram: @dixonsolditFacebook: facebook.com/realdanieldixonLinkedIn: linkedin.com/in/dixonsolditYouTube: @dixongroupcompaniesJulia Lashay:Instagram: @iamjulialashayFacebook: facebook.com/growwithjuliaLinkedIn: linkedin.com/in/julialashay/YouTube: @JuliaLashayBo MenkitiInstagram: @themenkitigroupFacebook: facebook.com/obiora.menkitiLinkedIn: linkedin.com/in/bomenkiti/Produced by NOVA MediaThis podcast is for general informational purposes only. The guest's views, thoughts, and opinions represent those of the guest and not KWRI and its affiliates and should not be construed as financial, economic, legal, tax, or other advice. This podcast is provided without any warranty, or guarantee of its accuracy, completeness, timeliness, or results from using the information.

Minneapolis has long had one of the largest home ownership gaps in the country. In the last five years, though, that gap has started to shrink. Black home ownership is slowly on the rise. Tre Adams of the Signature Group Real Estate team is part of the reason why. He’s here today to tell us how he’s been successful in helping first-time Black homebuyers in the Minneapolis area.Tre is an example of how powerful a real estate professional can be, not only in changing individual lives, but moving the needle on major social issues. He comes to the job equipped– he’s ready to talk about credit scores, down payment assistance programs, and anything else that can help somebody get closer to their goal of owning a home. He surrounds himself with a team of people as passionate about closing the home ownership gap as he is: Loan officers, title professionals, etc.Just like the homeownership gap was intentionally created through racist laws and practices, we can do our part to intentionally close it. Our conversation with Tre will inspire and equip you to take on this challenge.Resources:Follow Tre Adams on Instagram: @tretherealtorLearn more at The Color of MoneyCheck out KSCOREBecome a real estate agent HEREConnect with Our HostsEmerick Peace:Instagram: @theemerickpeaceFacebook: facebook.com/emerickpeaceDaniel Dixon:Instagram: @dixonsolditFacebook: facebook.com/realdanieldixonLinkedIn: linkedin.com/in/dixonsolditYouTube: @dixongroupcompaniesJulia Lashay:Instagram: @iamjulialashayFacebook: facebook.com/growwithjuliaLinkedIn: linkedin.com/in/julialashay/YouTube: @JuliaLashayBo MenkitiInstagram: @themenkitigroupFacebook: facebook.com/obiora.menkitiLinkedIn: linkedin.com/in/bomenkiti/Produced by NOVA MediaThis podcast is for general informational purposes only. The guest's views, thoughts, and opinions represent those of the guest and not KWRI and its affiliates and should not be construed as financial, economic, legal, tax, or other advice. This podcast is provided without any warranty, or guarantee of its accuracy, completeness, timeliness, or results from using the information.

This episode comes to you live from Las Vegas! It is the Keller Williams Family Reunion 2024 and we’ve gathered as a panel with friend of the podcast, Bo Menkiti, to discuss the wealth building continuum. And we aren’t just talking about the wealth building continuum in general, we’re talking about it from our perspective as black entrepreneurs looking to close the wealth gap for our families and communities.We don’t just talk about the pillars of building wealth, we tell our personal stories with each one. We give you a front-row seat to how we worked to create value with our time and talent, and then invested and multiplied that value. We’re honest about our ups and downs in building teams and learning leadership skills. We talk about how we’ve each found our own unique ways to protect and grow our money, based on our own unique goals and lives.Building wealth can seem impossible, but we share everything we’ve learned to help you get there. After all, it’s going to take all of us to close the wealth gap for black and marginalized communities.Resources:Learn more at The Color of MoneyEpisode 30: Reducing Debt and BudgetingEpisode 24: Millionaire Real Estate Agent with Jason AbramsEpisode 22: Growing Multi-Generational Wealth with George FraserEpisode 17: Single Black Women with Oglah GatamahEpisode 8: My First Year As a Real Estate Agent with Montaz McCrayBecome a real estate agent HERESponsor Info:This broadcast of The Color of Money Podcast is brought to you by RIS Media Premier. RISMedia Premier offers exclusive information and insights necessary to achieve unparalleled success in real estate. All Keller Williams listeners receive $100 off their annual membership when they go to rismedia.com/premier and use coupon code RISFR24.Connect with Our HostsEmerick Peace:Instagram: @theemerickpeaceFacebook: facebook.com/emerickpeaceDaniel Dixon:Instagram: @dixonsolditFacebook: facebook.com/realdanieldixonLinkedIn: linkedin.com/in/dixonsolditYouTube: @dixongroupcompaniesJulia Lashay:Instagram: @iamjulialashayFacebook: facebook.com/growwithjuliaLinkedIn: linkedin.com/in/julialashay/YouTube: @JuliaLashayBo MenkitiInstagram: @themenkitigroupFacebook: facebook.com/obiora.menkitiLinkedIn: linkedin.com/in/bomenkiti/Produced by NOVA MediaThis podcast is for general informational purposes only. The guest's views, thoughts, and opinions represent those of the guest and not KWRI and its affiliates and should not be construed as financial, economic, legal, tax, or other advice. This podcast is 85\7provided without any warranty, or guarantee of its accuracy, completeness, timeliness, or results from using the information.