Latest / The Steve Harvey Morning Show / Ashley M. Fox on Financial Education & Creating a Pattern of Generational Wealth

Transcript

Ashley M. Fox on Financial Education & Creating a Pattern of Generational Wealth · The Steve Harvey Morning Show

0:04
Speaker 1: Welcome to Money Making Conversations. It's the show that she
0:07
Speaker 1: has the secrets of success experience firsthand by Marketing and
0:10
Speaker 1: Brandon expert Rashan McDonald. I will know he's giving me
0:13
Speaker 1: advice to many occasions. In occasion didn't notice, I'm not broke.
0:17
Speaker 1: You know. He'll be interviewing celebrity CEOs, entrepreneurs and industry
0:20
Speaker 1: decision makers. It's what he likes to do. It's what
0:23
Speaker 1: he likes to share. Now it's time to hear from
0:25
Speaker 1: my man, Rashan McDonald. Money Making Conversations Here we come.
0:31
Speaker 1: Welcome to Money Making Conversation. I am your host, Rashwan McDonald.
0:35
Speaker 1: I recommend I recognize that we all have different definitions
0:38
Speaker 1: of success. For some, it's acizable paycheck. Mine is helping
0:41
Speaker 1: people wake up and inspiring them to accomplish their goals
0:43
Speaker 1: and live their very best life. These are my passions
0:46
Speaker 1: and that's what I'm going to do for you. I
0:48
Speaker 1: want you to stop tripping over small challenges and prepare
0:51
Speaker 1: to rise above the bigger obstacles in life. Will present
0:53
Speaker 1: to you My next guest, Ashley M. Fox is a
0:56
Speaker 1: former Wall Street analyst at Howard University grad HBC you
1:00
Speaker 1: and an expert in the field as a financial education specialist.
1:04
Speaker 1: After helping manage money for both millionaires and billionaires during
1:07
Speaker 1: her career on Wall Street, Ashley quitter job and started
1:10
Speaker 1: the whole company Emplithy Emplafi mersion of the words empower
1:14
Speaker 1: and modify is is a financial ad tech startup that
1:17
Speaker 1: was created to show both adults and children how to
1:20
Speaker 1: build wealth. Since Emplithile has reached thousands of individuals and
1:25
Speaker 1: his programs have been implementing over fifty different schools and
1:28
Speaker 1: organizations across the country. Her working story have been featured
1:31
Speaker 1: on Jim Cramer's The Street, Y'allhoo Finance, Rolling Out Magazine,
1:35
Speaker 1: Philly dot Com, Fox News, ABC, Huffington Post, Glamor Magazine,
1:39
Speaker 1: and forms Please Work with the Money Making conversation Ashley M. Fox.
1:44
Speaker 1: How are you? How are you? Did I missing the thing? Asked,
1:47
Speaker 1: because you know you got a lot to talk about?
1:48
Speaker 1: Did I miss anything? You know? I want to make
1:50
Speaker 1: sure everybody know you are the ball, you know when
1:53
Speaker 1: it comes to what we're about talking about. You know,
1:55
Speaker 1: I get a lot of people on the show that
1:56
Speaker 1: they kind of have the credits they you know, they
1:58
Speaker 1: have thrown some credits out there, but you your credit
2:00
Speaker 1: is all at the top of the food chain credits there.
2:03
Speaker 1: You know, how do you feel about that? When you
2:06
Speaker 1: where you You're out there working in your brain, because
2:08
Speaker 1: that's what it's all about. You gotta you gotta gain
2:11
Speaker 1: respect for your brand. Then you have to put it
2:13
Speaker 1: out there so people can know about your brand. Because
2:16
Speaker 1: you left Wall Street, tell about tell us about just update.
2:18
Speaker 1: I mentioned that in the credits updates about how did
2:21
Speaker 1: you make that decision? Because a lot of people are
2:23
Speaker 1: afraid when they leave in a solid bage to something
2:26
Speaker 1: that's not so clear. I think for me, when I
2:31
Speaker 1: never wanted to be an entrepreneur, I always wanted to
2:33
Speaker 1: be a profound African American on Wall Street. So so
2:37
Speaker 1: after being there, ultimately my goal was to do something
2:41
Speaker 1: bigger and better. I think working on Wall st I
2:43
Speaker 1: worked a millionaires and millionaire so if you had at
2:45
Speaker 1: least twenty five million dollars, it was our job to
2:48
Speaker 1: manage your money. And after a while, where you are
2:50
Speaker 1: working with millionaires and millionaires and you realize that you
2:53
Speaker 1: deserve to be just like the client, when you're on
2:55
Speaker 1: the other end of the table, you realize you're not
2:57
Speaker 1: going to get there serving the wealthy people. And for me,
3:00
Speaker 1: I always actually wanted to be a teacher. I just
3:03
Speaker 1: never became a teacher because in my mind, I felt
3:05
Speaker 1: like teachers didn't make a lot of money. So if
3:07
Speaker 1: I wanted to make a lot of money, I needed
3:09
Speaker 1: to major in the subjective money and I needed to
3:10
Speaker 1: work on Wall Street. But after a while, I felt
3:13
Speaker 1: like that the things that I was learning, what I
3:15
Speaker 1: was getting exposed. So I saw where people were spending
3:17
Speaker 1: their money, where they were traveling, where they were living,
3:19
Speaker 1: what they were investing in, and I felt like you
3:20
Speaker 1: shouldn't have to come from money work in finance major
3:23
Speaker 1: and finance to learn how to manage, save, and invest
3:26
Speaker 1: your money. And so ultimately I just got to a
3:28
Speaker 1: point where I had a feeling I knew something was
3:30
Speaker 1: out there, bigger and better, and I did take that leap.
3:33
Speaker 1: It wasn't the easiest thing I did. I did lose
3:35
Speaker 1: a lot along the way, but for me, it was
3:37
Speaker 1: it was it wasn't about the money anymore, was about
3:40
Speaker 1: what was the inside of me saying, what was what
3:43
Speaker 1: was my calling? And I knew that I was here
3:44
Speaker 1: for something bigger. I think teaching rich people rich wasn't it.
3:48
Speaker 1: But I needed that experience to make sure that I
3:50
Speaker 1: had the tools and resources to educate people who did
3:53
Speaker 1: not get the same exposure that I was giving. Now
3:56
Speaker 1: do you know because I'm driving my money? I think
3:58
Speaker 1: everybody was driven my money. With the college, my degrees
4:01
Speaker 1: in mathematics and started out and civil engineering because I
4:04
Speaker 1: felt that would pay me the most money that I
4:06
Speaker 1: realized that wasn't my calling, and eventually my degree was
4:08
Speaker 1: in mathematics, my minus and sociology. Do you driven by?
4:12
Speaker 1: Are you driven my money or you driven about the
4:14
Speaker 1: opportunity to make money? I don't think I'm driven about either.
4:18
Speaker 1: To be honest, I think I'm a big proponent of
4:21
Speaker 1: just knowing that success makes noise because I remember, even
4:24
Speaker 1: when I left my Ball Street career, people were like,
4:26
Speaker 1: you left from working with millionaires and billionaires to work
4:29
Speaker 1: with people who don't have money, and it made me
4:31
Speaker 1: feel like I was crazy, But in all actuality, I
4:34
Speaker 1: was just like yes, And for me, I created a space.
4:37
Speaker 1: I mean, we all say we don't learn about financial
4:39
Speaker 1: education in schools, but nobody really wants to go put
4:42
Speaker 1: it into the school system because it's not the norm.
4:44
Speaker 1: For me, it was like, this has to happen, this
4:46
Speaker 1: will happens, and I'm going to figure out how to
4:48
Speaker 1: make your work. And then I started to make money.
4:50
Speaker 1: So for me, I chose happiness over money. And the
4:54
Speaker 1: more I focused on serving people, the more I focused
4:56
Speaker 1: on doing what I felt was my purpose you driven life,
5:00
Speaker 1: calling um, the more money started to come to me.
5:03
Speaker 1: So I created a space where I would go pitch
5:05
Speaker 1: schools and find out how they ran their schools, understanding
5:09
Speaker 1: how they ran their budgets, to say, hey, let me
5:11
Speaker 1: teach financial education to these students. But I think I
5:14
Speaker 1: created a need that was once there, but no one
5:17
Speaker 1: knew how to provide that need, and so and all
5:20
Speaker 1: honesty tasting money when I didn't, I wasn't happy. So
5:23
Speaker 1: and I realized, let me just do what makes actually happy,
5:25
Speaker 1: because I'd rather wake up every single day during what
5:27
Speaker 1: I love, doing what I love and serving the people
5:30
Speaker 1: that I served. Opportunities come to me so much more
5:34
Speaker 1: than when I was just looking to make money. And
5:36
Speaker 1: I think also to when you're just looking to make money,
5:38
Speaker 1: people can feel that like I can't teach financial education
5:41
Speaker 1: to people who don't have a lot of money, And
5:43
Speaker 1: then looking to make money off of them. Now it
5:45
Speaker 1: defeats the whole purpose of me serving the world that
5:47
Speaker 1: I felt like God put me here to serve, and
5:49
Speaker 1: so I found that the more I served, the bigger
5:53
Speaker 1: the opportunities got. The bigger the opportunities got, the more
5:56
Speaker 1: people saw that it worked, and the more successful I became.
6:00
Speaker 1: To Ashley and Fox, he's a financial education specialists. Uh,
6:03
Speaker 1: about two years since we spoken Ashley and the whole
6:07
Speaker 1: your curriculum in schools as elevated or fifty different schools.
6:12
Speaker 1: Now that's ironic that you said you wanted to be
6:15
Speaker 1: a school teacher and you left to be in finance,
6:19
Speaker 1: and now you're back to implementing school So you basically
6:22
Speaker 1: are doing what you wanted to do, but you're continuing
6:26
Speaker 1: controlling the tone, you know, the tone of you know,
6:29
Speaker 1: in other words, you know, you create a curriculum that
6:31
Speaker 1: that values your passion and now you're teaching it as
6:34
Speaker 1: a school teacher would teach your brand and educate the
6:37
Speaker 1: masses like you wanted to do. Wanted to do. And
6:39
Speaker 1: so when you when you when you talk about young people,
6:42
Speaker 1: what is the difference that you find the most unique
6:44
Speaker 1: when you're talking to young people about money and talking
6:47
Speaker 1: to adults about money. I think working with kids, there's
6:52
Speaker 1: there Okay, So when you're an adult, we were once
6:55
Speaker 1: that child where possibilities were infinite. Once that that child
6:59
Speaker 1: who thought we could do, be and have everything. And
7:01
Speaker 1: the more we grow up include including our experiences growing
7:05
Speaker 1: up with our parents and our environment, society, the news,
7:08
Speaker 1: we then we then don't feel like it's possible. So
7:14
Speaker 1: we feel like we have to go to work every
7:15
Speaker 1: single day because we have to say bills. That dream
7:17
Speaker 1: of being happy no longer exists because we feel like
7:19
Speaker 1: we gotta do what we gotta do. We're going with
7:21
Speaker 1: a child, the possibilities are infinite, shifting their mindset is infinite,
7:26
Speaker 1: and I think there's less conditioning when you deal with
7:30
Speaker 1: a child than it is with a deult. Now it's
7:31
Speaker 1: not impossible with an adult. You just gotta break through
7:34
Speaker 1: a lot more barriers because they've been told no too
7:37
Speaker 1: many times, they've been afraid too often. Whereas a child,
7:40
Speaker 1: they still believe it's possible. A child hasn't seen a bill,
7:42
Speaker 1: So let me prepare you for what a bill looks like,
7:45
Speaker 1: but then also show you how you can build wealth
7:47
Speaker 1: like the people you idolize, but let me start early
7:49
Speaker 1: so that you don't make the same mistakes that adults
7:52
Speaker 1: have made in the past. Um So in all, honestly,
7:55
Speaker 1: it's it's a lot easier to teach a child because
7:57
Speaker 1: they believe, and also they are there to learn. They
8:01
Speaker 1: know they're coming to school to learn. Where adults their fear,
8:04
Speaker 1: there's doubt, there's worried, there's I don't have times a child,
8:07
Speaker 1: they don't have those excuses because essentially their kids, they
8:09
Speaker 1: haven't gotten to that point in life where they where
8:11
Speaker 1: they would tell themselves know because society has told them
8:15
Speaker 1: not too often. You know, that's really important that you
8:18
Speaker 1: say that. I would tell people that when they look
8:20
Speaker 1: at their life when they hit forty and fifty, that
8:22
Speaker 1: they really when you don't know what you want to
8:24
Speaker 1: do with your life, just look at look back when
8:26
Speaker 1: you was eighteen. We were fearless when you had dreams
8:30
Speaker 1: that like you stated, the dreams of the impossible. Until
8:33
Speaker 1: you started putting up these stop sign or you got mad,
8:36
Speaker 1: or you went off to the military assignment, or or
8:38
Speaker 1: you just your dreams are I can't do this because
8:41
Speaker 1: we are very self defeating rate of people. Once we
8:45
Speaker 1: reach a certain age, I'm not going to try to
8:46
Speaker 1: do that. And that's what a lot of people just
8:48
Speaker 1: kind of like give up, to give up on how
8:49
Speaker 1: they look in the mirror they give them on what
8:51
Speaker 1: they can do in the car they drive, the host
8:53
Speaker 1: that live, the neighborhood they live in. And that really
8:55
Speaker 1: is true because as a young person, all you see
8:58
Speaker 1: is what I could can be. And I always tell people,
9:01
Speaker 1: I never tell a child what they can't be, not
9:04
Speaker 1: if they not if they can't sing, I'll tell hey,
9:06
Speaker 1: you know you can't sing now, you need to stop
9:08
Speaker 1: all that madness. Okay, maybe you can wrap now, try
9:10
Speaker 1: wrap it, but you can't sing, okay, and you know
9:12
Speaker 1: you can't dunk. But from a physical standpoint, but from
9:15
Speaker 1: a mental standpoint, you you're unlimited on what you can
9:18
Speaker 1: do as long as you stand in the length of
9:20
Speaker 1: what you're capable of doing. And that's what you were
9:22
Speaker 1: just implemented right there that adults tend to doing the
9:25
Speaker 1: teaching process. They got all these limitters that they keep
9:28
Speaker 1: putting in their brain. I don't have enough money to
9:30
Speaker 1: do that, I don't have time to do that. Why
9:33
Speaker 1: would I want to do that? While you just telling
9:34
Speaker 1: them how they're telling themselves what they can't do. That's
9:37
Speaker 1: really distracted when you're trying to teach people how to
9:40
Speaker 1: be successful. Can you can you can you can you
9:43
Speaker 1: get them to overcome that, or you just lay down
9:46
Speaker 1: the plan and some so I'm not gonna do it,
9:49
Speaker 1: and a lot of are not gonna do it. So
9:52
Speaker 1: I'm a firm believer that things are not taught, they're caught,
9:56
Speaker 1: and I think when people are ready, they'll be open
9:58
Speaker 1: to it. So one of the biggest things, and this
10:00
Speaker 1: is since since I've left my Wall Street career, I've
10:02
Speaker 1: never solicited what I did. I never said, hey, I
10:05
Speaker 1: can show you how to make a bunch of money.
10:08
Speaker 1: Let me show you how to do this. I get
10:09
Speaker 1: people to a point where they're ready. They've exhausted all options,
10:12
Speaker 1: they've taken the classes they could take, they went to
10:14
Speaker 1: the bank, they try to learn everything possible, yet they
10:16
Speaker 1: don't feel connected to the people that are providing the
10:19
Speaker 1: information that they need. And they get to a point
10:21
Speaker 1: where they say, Okay, I'm frustrated being frustrated, but I
10:23
Speaker 1: know I deserve to make a change. And ultimately that's
10:26
Speaker 1: why the word emplathied with community because it's one thing
10:29
Speaker 1: to give people education, but in all honestly, everything we
10:31
Speaker 1: teach you can google it. But the real question is
10:34
Speaker 1: why don't we take that information off of Google and
10:36
Speaker 1: actually implement it. That means that there's a mental barrier
10:39
Speaker 1: that is stopping us from executing on the information we
10:42
Speaker 1: have access to. And I think it's one thing to
10:44
Speaker 1: get information, but it's also another thing to get that
10:46
Speaker 1: with inspiration. And so that's where the empower part of
10:49
Speaker 1: emplathied comes in. The first three letters are emp that
10:52
Speaker 1: comes from empower because I can give you the resources,
10:55
Speaker 1: but I need you to feel empowered to know that
10:56
Speaker 1: you can do something with these resources. No matter where
10:59
Speaker 1: you are and how much you have, it is still possible.
11:02
Speaker 1: And then ultimately, when you have that inspiration, you have
11:04
Speaker 1: the tools and resources, and then changes the way you
11:07
Speaker 1: see yourself in the role of money in your life,
11:09
Speaker 1: which is where modified comes from, because that's where the
11:11
Speaker 1: change takes place. And so ultimately we start with the mind.
11:15
Speaker 1: If I can change your mind, I can change your
11:17
Speaker 1: bank account. So we focus on your thought process. We
11:20
Speaker 1: know what you feel, we know what you're dreaming of,
11:22
Speaker 1: we know what what's uncomfortable for you, and we literally
11:25
Speaker 1: do the complete opposite of that. And then once we
11:27
Speaker 1: do that, give you the tools and resources, and then
11:29
Speaker 1: you realize, hey, I actually can do this. Hey maybe
11:31
Speaker 1: these beliefs that I have are not mine. Maybe society
11:34
Speaker 1: put them in my mind, maybe my parents gave me
11:36
Speaker 1: these fears, but they're not my narrative. And so we
11:39
Speaker 1: take those narratives and those beliefs and we change the
11:42
Speaker 1: thinking behind the person with the money, and once you
11:44
Speaker 1: have the tools and resources, you go running after that
11:47
Speaker 1: answering and fox Um. You know when I InterVID you
11:51
Speaker 1: a couple of years ago, you's a bad girl. Back
11:53
Speaker 1: then you're on fine, you're on fire. I'm just listened
11:58
Speaker 1: to you going this girl here is you know, because
12:01
Speaker 1: we all learned. I've learned, I've grown, I've grown as
12:03
Speaker 1: an interview I've grown as a person my brain. I
12:06
Speaker 1: know exactly where my brand is and pushing it in
12:08
Speaker 1: the right direction. And I'm listening to a person who's
12:10
Speaker 1: really focused, who knows. And I'm not saying you wouldn't
12:12
Speaker 1: focus when I first interview, but you won't fire. Now.
12:15
Speaker 1: Tell us what makes you have such a strong comference
12:19
Speaker 1: zone and how did you get to this point to
12:21
Speaker 1: be as comfortable as I'm hearing you speak now, and
12:24
Speaker 1: as I've been following your brand on social media every
12:26
Speaker 1: time the article pops up, I reading about Ashley and
12:29
Speaker 1: Fox tell us this whole march too, And I know
12:32
Speaker 1: you're not there where you're trying to get, but I
12:34
Speaker 1: do notice a different tone, a different message being spoken
12:37
Speaker 1: by Ashley and Fox. Am I right? Absolutely? Um? I think.
12:42
Speaker 1: I think. I think as the as I grow, the
12:45
Speaker 1: company grows. I think There's been a lot of years
12:48
Speaker 1: of spiritual internal words, a lot of years of therapy. Um. Also,
12:52
Speaker 1: and to be honest, me recognizing what my beliefs were right.
12:55
Speaker 1: One of the biggest things that I've noticed is while
12:58
Speaker 1: I can sit and say, hey, want to be a millionaire,
13:01
Speaker 1: the idea of having a million dollars actually frightens me. Right,
13:04
Speaker 1: So there's times where I want to have big dreams,
13:07
Speaker 1: but when I'm presented with the opportunity, I get scared.
13:09
Speaker 1: Remember when I got my first six figure contract. It
13:12
Speaker 1: was just this mind blowing experience, but it was like, Hey,
13:15
Speaker 1: you can't sit here and say you want to be
13:16
Speaker 1: a billionaire and you're afraid to cash a check for
13:19
Speaker 1: over a hundred thousand dollars. And so I think as
13:22
Speaker 1: I break through my mental barriers, as I do more,
13:25
Speaker 1: the company rolls right along with me. So I personally
13:28
Speaker 1: do not teach anything that I do not do or
13:31
Speaker 1: have not done. And it's a lot easier because it's
13:34
Speaker 1: not just about I read a book and I learned
13:36
Speaker 1: how to teach individuals how to invest in stocks. It's no,
13:39
Speaker 1: this is how I started, this is what I've learned,
13:41
Speaker 1: and this is what I do, and let me try
13:43
Speaker 1: to understand you, to make it, to make it easier
13:46
Speaker 1: for you to understand it. So I think the more
13:49
Speaker 1: I grow, the bigger I get, the more people I served.
13:52
Speaker 1: So we recently we recently UM launched our Wealth Filters
13:55
Speaker 1: community at I would have never envisioned me being a
13:58
Speaker 1: black woman in tech, right, but every more running I
14:00
Speaker 1: would wake up, go into the mirror and say, you
14:03
Speaker 1: are you are the owner of a of an a
14:06
Speaker 1: tech startup. You are the owner of an app that
14:08
Speaker 1: impacts thousands of people from all over the world. And
14:10
Speaker 1: then when it happened, it was just like, oh my
14:12
Speaker 1: gosh is here. But it wasn't about something that I wanted.
14:15
Speaker 1: It was about who I was and I'm a firm
14:16
Speaker 1: believer you don't attract what you want, you attract who
14:19
Speaker 1: you are. So when I started to believe I deserve
14:22
Speaker 1: six figure contract, when I started to look at a
14:24
Speaker 1: hundred thousand dollars like it wasn't a lot of money,
14:26
Speaker 1: that's when the money started to come faster. But when
14:29
Speaker 1: I was afraid the money was coming slower, when I
14:31
Speaker 1: was afraid I would lose money, money was coming slower.
14:33
Speaker 1: But if I knew that I was gonna keep going,
14:35
Speaker 1: that this was gonna work and I'm gonna change the world.
14:38
Speaker 1: When I changed my thinking, the company changes. So I
14:40
Speaker 1: think again. As I grow, the company grows, the bigger
14:43
Speaker 1: I get, the company get, and not just me as
14:46
Speaker 1: an individual or a brand, but my thought process. Like
14:49
Speaker 1: understanding that hey, we could make a quarter million dollars
14:52
Speaker 1: in a month and saying that doesn't frighten me anymore, right,
14:55
Speaker 1: but at one point, making ten thousand dollars in a
14:57
Speaker 1: month that scared me. At one point. Now it's like
15:00
Speaker 1: I can't pay my bills with ten dollars. We gotta
15:02
Speaker 1: do bigger things. We gotta get better thing. But the
15:04
Speaker 1: more people we impact, the bigger the business get to
15:07
Speaker 1: so I focus on serving the people because if we
15:10
Speaker 1: could serve a billion people, we could make a billion dollars.
15:13
Speaker 1: And now le's figure out how do we get to
15:15
Speaker 1: a billion people to reach that mark? You know, when
15:18
Speaker 1: we started this interview, actually said how many minutes that guy?
15:22
Speaker 1: Because see, you know she got something to say. Now,
15:25
Speaker 1: I'm so impressed with your tone and your leadership in
15:28
Speaker 1: this call, because that's all I want from individuals who
15:31
Speaker 1: called me on money making conversation for their message to
15:34
Speaker 1: be heard. And you're absolutely right unless you believe in something.
15:38
Speaker 1: I know for years, Ashley, as successful as I have
15:41
Speaker 1: been in my life, it wasn't into my forties that
15:44
Speaker 1: I realized that I accepted my success based on who
15:48
Speaker 1: I was and what I was capable doing. I just
15:51
Speaker 1: used phrases like right place, right time, just lucky, I
15:54
Speaker 1: know somebody your knock on wood, all those corny phrases
15:58
Speaker 1: that have nothing to do with being successful, and people
16:00
Speaker 1: use them all the time. And what those phrases do.
16:03
Speaker 1: They limit your capabilities and also limit you and knowledge
16:07
Speaker 1: of what you really are capable of doing. And I
16:10
Speaker 1: like you. I remember in Steve Harvey now or Jameson,
16:13
Speaker 1: but we need a concert in the Music Hall in Houston, Texas.
16:17
Speaker 1: And I was my first concert that ever promoted. And
16:21
Speaker 1: I had to write a check to Steve for fifty
16:24
Speaker 1: seven thousand dollars and that's five and I went, I
16:29
Speaker 1: couldn't believe I was writing that check, just like you
16:31
Speaker 1: couldn't believe you had a six figure and and and
16:34
Speaker 1: and the thing about this is that once you believe
16:37
Speaker 1: and understand that this is part of your life, part
16:39
Speaker 1: of your mantra, part of your mentality, then guess what,
16:42
Speaker 1: you can write another check like that. But if you
16:45
Speaker 1: stop in disbelief and all and get giddy like this
16:49
Speaker 1: is not normal, and that's all she's saying right now.
16:52
Speaker 1: This is the normal way she thinks. Now she the
16:54
Speaker 1: people that she was doing these twenty five million dollars
16:56
Speaker 1: and these billion dollar deals with, and all these people
16:59
Speaker 1: around believe me, they think a certain way. And I
17:01
Speaker 1: think a certain way too, because guess what, I'm successful.
17:04
Speaker 1: So I go on the grocery store. I don't If
17:06
Speaker 1: I have a coupon, I use it, and I'll tell
17:08
Speaker 1: you that I'll use it. But guess what, I'm just
17:10
Speaker 1: going to grocer store and shop. And in fact, sometimes
17:13
Speaker 1: I walked out to the grocery store O the day.
17:15
Speaker 1: I don't even know how much I pay for groceries.
17:17
Speaker 1: I just gave my credit card because that's not part
17:20
Speaker 1: of my mantra to worry about how much I'm gonna spend.
17:24
Speaker 1: It's the fact that I have money that can buy it,
17:27
Speaker 1: and that is the mantra that people have to do
17:29
Speaker 1: as an adult. You get to that point you start saying,
17:32
Speaker 1: I can't live in this type of house, I can't
17:34
Speaker 1: drive this because because guess what, I don't have to
17:37
Speaker 1: tax money. I don't well, what's gonna happen next year? Well,
17:41
Speaker 1: I don't think like that. Be successful people playing next year,
17:45
Speaker 1: they don't think what's not gonna happen next year? If
17:47
Speaker 1: you plan next year, I'm a six month, I'm a year.
17:51
Speaker 1: The average person thinks thirty days, and you cannot be
17:55
Speaker 1: successful thinking in thirty day increments in your life because
17:58
Speaker 1: it means you worry about the rent, worry aboutuff did.
18:00
Speaker 1: You actually should be controlling by planning. And that's why
18:03
Speaker 1: I wanted to bring you back on the show because
18:05
Speaker 1: the mentality you've always talked about hasn't been about planning.
18:09
Speaker 1: Correct m h In abundance. Don't forget abundance. And with
18:14
Speaker 1: that being said, this has been the pandemic year. You
18:17
Speaker 1: know there shut us down find that. I know you've
18:19
Speaker 1: been busy. I know people been asking you, how to
18:22
Speaker 1: how to budget, how to save money? How can you
18:25
Speaker 1: invest in the pandemic? And the wild thing about the
18:29
Speaker 1: stock barkt is actually when this pandemic hit in March,
18:32
Speaker 1: it crashed. But the spark Barber has sent some records
18:36
Speaker 1: this year as far as it's a lot of millionaires
18:39
Speaker 1: and billionaire's pretty happy out there during the pandemic. How
18:42
Speaker 1: do you invest during the pandemic? Ashley and Fox So honestly,
18:47
Speaker 1: I think well in two thousand and eight was the
18:49
Speaker 1: most outside of the stock market crash was the previous
18:52
Speaker 1: stock market crash, and I was in college and I
18:54
Speaker 1: remember watching the news not fully understanding is back when
18:58
Speaker 1: I was I think it was a junior in college.
19:00
Speaker 1: Se I was a junior or fock work, and I
19:02
Speaker 1: realized that it was something going on. It's exciting the
19:05
Speaker 1: watch that I wasn't fully clear. As I got educated
19:07
Speaker 1: with the stock market, I realized the next time the
19:09
Speaker 1: market crashes, I'm going to go in because the way
19:13
Speaker 1: I look at crashes. I look at it like it's
19:14
Speaker 1: a Black Friday sale. Everything drops in price, and in
19:18
Speaker 1: all honesty, that is the only time we see red
19:21
Speaker 1: and we panic. If we walk into the store and
19:23
Speaker 1: we see red, we know that's on sale, we want
19:25
Speaker 1: to buy it. But when we see red in the
19:27
Speaker 1: stock market, we get frightened. And I think when the
19:29
Speaker 1: stock market crash, and again it had every right to
19:31
Speaker 1: crash because there was so much uncertainty. We had no
19:34
Speaker 1: idea what's going to happen. But because of that, I
19:36
Speaker 1: also had to ask myself our companies like an Apple
19:40
Speaker 1: or Walmart, of grocery store and Amazon, are all these
19:44
Speaker 1: companies gonna go out of business because we are in quarantine?
19:47
Speaker 1: When in fact, let's be smart. While restaurants maybe taking
19:50
Speaker 1: a hit, what are we doing more of more on
19:53
Speaker 1: our phones? Were doing more social media, We're watching more
19:55
Speaker 1: of television. We have to go to the grocery store.
19:57
Speaker 1: So immediately I took my thought process It's like who
20:00
Speaker 1: who's winning right now? Who is going to come out
20:02
Speaker 1: of this strong because everybody took a hit. But in
20:05
Speaker 1: my mind, these companies, with time will go back up
20:09
Speaker 1: and living my portfolio is up over a hundred percent
20:12
Speaker 1: because when I saw the opportunity to buy at a
20:14
Speaker 1: cheap price, I took advantage of it. And so whether
20:17
Speaker 1: the market crashes, whether the market is up, you have
20:19
Speaker 1: to sit and ask yourself, why am I investing, what
20:22
Speaker 1: is this for? And who do I feel like we'll
20:24
Speaker 1: be on top. It doesn't take a rocket scientist for
20:26
Speaker 1: somebody to know that every time Apple releases iPhone in September,
20:31
Speaker 1: right before the holidays, people stand in line. And then
20:34
Speaker 1: take a rocket scientist to know that while there are
20:36
Speaker 1: many sneaker companies out there, the number one sneaker company
20:39
Speaker 1: in the world is Nike. Right their sales were up
20:41
Speaker 1: two online sales during the pandemic. So while the news
20:45
Speaker 1: is telling us people are are out of jobs, people
20:48
Speaker 1: aren't spending money. They are spending money because we don't
20:50
Speaker 1: have anything else to do but to be on our phones,
20:53
Speaker 1: and they use technology, and so there are companies that
20:55
Speaker 1: are winning. And I think you always have to look
20:58
Speaker 1: for the opportunity versus operate and fear, because there's tons
21:01
Speaker 1: of ways to take advantage of this pandemic. But it
21:04
Speaker 1: all actually I think it's one of the best things
21:06
Speaker 1: about this pandemic is that it caused everybody to be still.
21:09
Speaker 1: It helps us realize you can't depend on the government,
21:12
Speaker 1: you can't depend on your job. Therefore you have to
21:14
Speaker 1: depend on yourself. And yourself is good enough. We've always
21:17
Speaker 1: been good enough. And I think when we shift the
21:19
Speaker 1: mindset in turn the TV all we see this as
21:22
Speaker 1: an opportunity. Because everything happens for a reason, we just
21:25
Speaker 1: have to see that reason as an opportunity for us
21:27
Speaker 1: to become better, both mentally and financially. And with that
21:32
Speaker 1: being said, what's something This may be a general question
21:37
Speaker 1: now And if you said, rash, I don't want to
21:39
Speaker 1: respond to that. What what? What was some of the mistakes?
21:41
Speaker 1: Did you think that as you know, we're giving opportunities
21:45
Speaker 1: through the Cares Act and apply for different funds and
21:48
Speaker 1: you know a lot of a lot of people did
21:50
Speaker 1: a lot of people didn't? But did anyone? Were there
21:53
Speaker 1: anything that people should have done that they didn't do
21:56
Speaker 1: during the pandemic that would have helped them out a
21:59
Speaker 1: little bit financial? Um? What do I think we should
22:04
Speaker 1: have turned the television off? Like in all honesty, if
22:06
Speaker 1: you really think about what women news you hear about talk,
22:10
Speaker 1: you hear about the coltavirus, and you hear about black
22:14
Speaker 1: crime or crimes done on black people. Other than that,
22:17
Speaker 1: there's nothing in the news, nothing so understanding that when
22:20
Speaker 1: I watched these things in the news, what feelings do
22:23
Speaker 1: they invoke? Because if it's not causing you to feel joy,
22:26
Speaker 1: then you don't need to consume it, because the more
22:28
Speaker 1: you internalize it, the more you're going to manifest more
22:31
Speaker 1: of it. And so I think the biggest thing is
22:33
Speaker 1: because we were sitting in the house, we had a television,
22:35
Speaker 1: we were forced to consume because we can't go about
22:38
Speaker 1: and do our normal day to day things. But I
22:40
Speaker 1: think the biggest thing that I think people really didn't
22:42
Speaker 1: pay attention to was the fact that this wasn't a
22:45
Speaker 1: time of panic. This was a time to start over.
22:48
Speaker 1: This was a time to reevaluate, This was a time
22:51
Speaker 1: to get educated. This was the time to follow that
22:53
Speaker 1: dream that you've been putting off. And I think instead
22:56
Speaker 1: of focusing on how can I become better, all we
22:59
Speaker 1: thought about is how this is making the situation worse.
23:02
Speaker 1: And you saw that in in so many people, just
23:05
Speaker 1: even on social media. But it was just like in
23:07
Speaker 1: my mind, it was like immediately was okay, what does
23:10
Speaker 1: the world need from us right now? And in the
23:12
Speaker 1: midst of the pandemic, we made the most money we
23:15
Speaker 1: ever made it a company in the company because we
23:17
Speaker 1: sat and thought, what do people need from us right now?
23:20
Speaker 1: Where can people get educated right now? How can we
23:22
Speaker 1: serve people right now? Let's come out with our app
23:24
Speaker 1: right now because people are sitting at home, they need
23:26
Speaker 1: something to do. But let's now in still greatness in
23:29
Speaker 1: these people. Let's give them the education that they can't
23:31
Speaker 1: get in their school system. Let's given the tools and
23:33
Speaker 1: resources you can't find on your time model or or
23:36
Speaker 1: on your television. How can we rewire their brain at
23:39
Speaker 1: a point where all we have is their their attention
23:42
Speaker 1: because there's nothing else for them to do. And I
23:45
Speaker 1: think people focusing on the opportunity is what would have
23:48
Speaker 1: gotten us made us a lot stronger. There are a
23:50
Speaker 1: lot of people who who did great things during the pandemic,
23:53
Speaker 1: but there are a lot of people who every day
23:54
Speaker 1: they woke up, they were they were scared, they want
23:57
Speaker 1: to lose their job, they were afraid that their similar
23:59
Speaker 1: checks wouldn't come one time. It's like, we can't live
24:01
Speaker 1: in fear because that's all we're surrounded by we have
24:04
Speaker 1: to literally unlearned what we have been taught to learn
24:07
Speaker 1: that society and our upbringings have given has given us. Really,
24:11
Speaker 1: it's really good that you're saying those things because I
24:14
Speaker 1: just love interview and you you just really just confirm
24:17
Speaker 1: a lot of things that I'm doing. I just like
24:19
Speaker 1: talking us more people because I used this time when
24:22
Speaker 1: the pandemic hit, I used it to really look at
24:24
Speaker 1: my brand. You know. Really the first quarter was identifying
24:28
Speaker 1: my brand. The second quarter was bringing in legal to
24:31
Speaker 1: protect my brand, making sure all my my my tied correctly.
24:36
Speaker 1: Then that make sure my social media lunch a new
24:38
Speaker 1: platform called HBC Awards doing the pandemic, and in the
24:42
Speaker 1: third quarter, I bought a office building in Atlanta. All this,
24:46
Speaker 1: all this stuff has happened during the pandemic because I
24:48
Speaker 1: knew in the fourth quarter, guess what, this country is
24:51
Speaker 1: going to go to a new normal and we need
24:53
Speaker 1: to be and will reopen and we need I need
24:55
Speaker 1: to be functioned in the manner. So now I'm more
24:57
Speaker 1: organized and more confident than I've ever been. And it's
25:00
Speaker 1: basically tied of what you're just saying. You don't during
25:02
Speaker 1: the disaster, you don't unplan. You planning. When things look bad,
25:06
Speaker 1: you don't run. You figure out how to survive. And
25:09
Speaker 1: so a lot of people they run and then they hide,
25:11
Speaker 1: and then other people who don't hide see the opportunity
25:15
Speaker 1: to succeed. And that's what you just keep repeating over
25:18
Speaker 1: and over in such a strong manner. That's why you
25:21
Speaker 1: built OTR brand, Amplify, which is in power, and modify
25:25
Speaker 1: e MPs. In power, I find is the back end
25:29
Speaker 1: of modify. And when you look at all these things,
25:32
Speaker 1: tell us a little bit more about your app. And
25:34
Speaker 1: also you hit it along little Bill the wealth Builders
25:36
Speaker 1: community talk a little bit about that so we can
25:38
Speaker 1: get a good feel and also how can we download
25:41
Speaker 1: that and also any webinars you have coming up as
25:44
Speaker 1: well as I always like to use your middle names.
25:46
Speaker 1: She kind of like forget it sometime through um so
25:52
Speaker 1: I wellfod the community at You can literally go to
25:54
Speaker 1: wealth Builders community dot com can see everything that we offer.
25:57
Speaker 1: Literally just imagine the net clicks of finance and the
26:01
Speaker 1: palm of their hands. So you can go to Netflix,
26:03
Speaker 1: you can find all the different types of entertainment. Imagine
26:07
Speaker 1: literally saying hey, I want to learn how to invest
26:09
Speaker 1: where can I go? And it all is in your hands,
26:12
Speaker 1: literally lives in your account. But here's the beauty of it.
26:15
Speaker 1: You're now going through this journey not alone, but you're
26:17
Speaker 1: going through with thousands of people who are just like
26:20
Speaker 1: you from all over the world. And I think we
26:23
Speaker 1: can't at this point. We can't sit at the dinner
26:25
Speaker 1: table and talk about learn how to build wealth. We
26:27
Speaker 1: can't talk about how your stock portfolio was up. We
26:29
Speaker 1: don't talk about how we're investing for our kids to
26:32
Speaker 1: make sure that they're not taking up seven loans. We
26:34
Speaker 1: don't have these conversations specifically in the African American community,
26:37
Speaker 1: but this should be our norm because that is the
26:39
Speaker 1: norm of wealthy people. They're sitting on their yachts talking
26:42
Speaker 1: about big deals that they're closing, when in all actuality,
26:45
Speaker 1: that's why they continue to sustain their wealth. The conversation
26:48
Speaker 1: is different, the thought process is different, and so ultimately
26:51
Speaker 1: our wealth for this community is a is an intimate
26:54
Speaker 1: space where you can come together with people who are
26:56
Speaker 1: just like you on the same journey, both working professionals
26:59
Speaker 1: and entrepreneurs. Is where you're learning how to build well
27:02
Speaker 1: vibrate layer by layer, where you're celebrating for your successes.
27:06
Speaker 1: When you learn, you're learning how to open an account,
27:08
Speaker 1: you're processing and transaction, but you're getting advice, tools and
27:11
Speaker 1: resources not only from experts but also people who have
27:14
Speaker 1: been in your shoes. But they are growing every single
27:17
Speaker 1: day because they made well building a choice, they made
27:20
Speaker 1: it a commitment, and that's ultimately what our community is about.
27:23
Speaker 1: So we have classes on a weekly basis. We're literally
27:27
Speaker 1: about to launch our Parent Accelerator because a lot of
27:30
Speaker 1: our members are parents and it's during the time when
27:32
Speaker 1: it's holiday season. Q four. We're spending tons of money.
27:35
Speaker 1: Companies are projected to make billions this holiday season. Why
27:39
Speaker 1: is it that we're making all these billion dollar businesses
27:41
Speaker 1: more money and we look up and we still feel
27:43
Speaker 1: like we have nothing. So we're now literally educating our
27:47
Speaker 1: adults to say, hey, it's great to buy gifts for
27:49
Speaker 1: your family, but what about the gifts of wealth. What
27:51
Speaker 1: about buying your kid that stopped in the sneaker company
27:54
Speaker 1: because you know the kids are gonna speaking our holiday season, right,
27:57
Speaker 1: But educating the parents to think all of things. Your
28:00
Speaker 1: parents did not give you all the tools and resources
28:03
Speaker 1: you wish you would have had. Let me show you
28:05
Speaker 1: how to literally educate your children so that you can
28:08
Speaker 1: build for them. So it's literally like amplified now with
28:11
Speaker 1: this particular accelerator that we're launching in our app is
28:14
Speaker 1: now merging. Both worlds were emerging, the connections and the
28:17
Speaker 1: classes that we've done with our youth and then the
28:20
Speaker 1: classes of the connections that we've done with the delts,
28:21
Speaker 1: and we're bringing them together. So the classes, adults will
28:24
Speaker 1: be able to take. Classes will learn how to open
28:25
Speaker 1: different accounts for both themselves and their children, how to
28:28
Speaker 1: put their kids through college. But also now we're giving
28:31
Speaker 1: them resource on this is how you can also do
28:33
Speaker 1: this with your kids. Not just for your kids, but
28:36
Speaker 1: that's how you can do it with your kids. Bring
28:37
Speaker 1: your familys. So now we'll have classes, what kids can participate,
28:40
Speaker 1: and all of these things will live in the app.
28:41
Speaker 1: And I think it's during the time where we're spending
28:44
Speaker 1: so much. Now let's literally train our minds to look
28:47
Speaker 1: at opportunities. I know, if everybody is going to be
28:50
Speaker 1: spending our holiday season, I need to own these companies
28:53
Speaker 1: that are making billions of dollars on holiday season. And
28:55
Speaker 1: it's literally rewiring the thought process of our community. UM,
28:59
Speaker 1: and it's been phenomenal a few months now. UM. It's
29:03
Speaker 1: in the app storable, Google download and Apple downloads. You
29:06
Speaker 1: can be acceded to on your iPad or your computer.
29:08
Speaker 1: But literally, wealth builders dot com UM, wealth builders Community
29:12
Speaker 1: dot com is where you can see everything that we offer.
29:14
Speaker 1: There's tons of everything that we give, but it all
29:17
Speaker 1: actually reality. Twenty seven three fifty five access to classes
29:21
Speaker 1: all the time, all day, every day, discussion downloads that
29:25
Speaker 1: we're giving out now like they're just tons of things
29:27
Speaker 1: where it's like a secret society of wealth builders where
29:29
Speaker 1: you can't step outside and go to the bank, but
29:32
Speaker 1: you can go here and get the tools and resources
29:34
Speaker 1: in a simple and easy to understand language that doesn't
29:37
Speaker 1: speak to you but through you and into you. Wow,
29:41
Speaker 1: Ashley and far to Um, you've given me twenty nine
29:45
Speaker 1: minutes of your time, you all specially UM. Thank you all.
29:49
Speaker 1: Please give me UM some banners so I can post
29:51
Speaker 1: it on my social media. You know, I got like
29:53
Speaker 1: a median social media followers and names, two thousands fan
29:56
Speaker 1: club members, and I promote you. I love what you do,
29:59
Speaker 1: I learned and then what you've done for me. It's
30:01
Speaker 1: it's like a little free session, lessons, sessions she's given
30:04
Speaker 1: me could now walk away confidence. But that's what you do, Ashley,
30:07
Speaker 1: and continue to do. And I always know that you
30:10
Speaker 1: drop something, you can contact me, contact my staff, or
30:13
Speaker 1: contact me directly because I would do anything for you.
30:15
Speaker 1: You're that special to me. And to hear your tone,
30:18
Speaker 1: to hear the leadership in your voice, the confidence in
30:21
Speaker 1: your voice. I know you found your brand and now
30:24
Speaker 1: you're just building it out. That's what excites me so
30:27
Speaker 1: much because of the fact that I've been watching you,
30:30
Speaker 1: looking at your sessions and you drop dimes and people
30:32
Speaker 1: liking you what you hear of you, and you get
30:35
Speaker 1: nice views on your videos when you drop those. You
30:38
Speaker 1: have a voice and people want to hear what you
30:39
Speaker 1: have to say. And you're smart. And I do want
30:41
Speaker 1: to wrap up somebody. I saw it earlier. You know
30:43
Speaker 1: you mentioned in your credits your Howard University graduate. How
30:47
Speaker 1: have you? It's been such an I think a profound
30:50
Speaker 1: moment during this pandemic to see how HBCUs have been
30:53
Speaker 1: so recognized and donations have comeing to from private sector
30:58
Speaker 1: to HBCUs. What what what? What? Why? I happened? Why? What?
31:03
Speaker 1: What did the HPC you do for you, I guess
31:05
Speaker 1: I want to ask and why it's so important that
31:08
Speaker 1: people should know the value of an hpc U and
31:10
Speaker 1: it's educational principles UM For me personally, especially at that time,
31:16
Speaker 1: I knew I wanted to be I wanted to go
31:19
Speaker 1: to an hpc U because I wanted to be surrounded
31:21
Speaker 1: by African Americans UM. But I also wanted to go
31:25
Speaker 1: to the best HBCU that supported the career trajectory that
31:28
Speaker 1: I was on. So I knew at Howard I wanted
31:31
Speaker 1: to be on Wall Street. I found out how much
31:33
Speaker 1: they paid. During summer internships. Howard taught me how to eat,
31:36
Speaker 1: how to how to dress, how to do interviews, how
31:38
Speaker 1: to build a resume, how to golf. It was so
31:41
Speaker 1: many things that I knew would equipped me for the
31:44
Speaker 1: industry that I was going in. And I wanted to
31:46
Speaker 1: be the center of attention. I wanted to be the
31:49
Speaker 1: center of the love that was felt. And I feel
31:51
Speaker 1: like an hpc you gave that to me. So I
31:54
Speaker 1: was surrounded by individuals with the same mindset, with the
31:57
Speaker 1: same goals, with the same vision for themselves. And I
31:59
Speaker 1: wanted to be around excellence. And I think I knew
32:02
Speaker 1: at that point in my life. I wanted to feel supported,
32:05
Speaker 1: love and nurture, and I had the opportunity to do
32:07
Speaker 1: that in a black environment and a prestigious environment. I
32:10
Speaker 1: knew it was a no brainer that I needed to
32:11
Speaker 1: go to Howard University. Plus I didn't want to go
32:13
Speaker 1: too too far from home because I'm from Philly. But
32:15
Speaker 1: I also didn't want to leave Philadelphia. Um, and I
32:18
Speaker 1: really just wasn't what I wanted. I wanted to be
32:21
Speaker 1: around the culture and the environment, the love and the support,
32:25
Speaker 1: but also had that intentionality around grooming a black woman
32:29
Speaker 1: who wanted to enter into the Wall Street space. And
32:32
Speaker 1: I loved everything that Howard gave me to prepare me
32:34
Speaker 1: for my Wall Street career. Awesome. Our wealth Builders community
32:37
Speaker 1: dot com. They bring together working professionals and entrepreneurs looking
32:41
Speaker 1: for the support needs to grow financially. They will help
32:44
Speaker 1: them develop the wealth building mindset, habits and knowledge necessary
32:48
Speaker 1: to excel so that they that you can achieve financial freedom,
32:53
Speaker 1: create generational wealth, and become confident in imagining, saving and
32:56
Speaker 1: investing your money. Thank you as them Fox. I've read
33:00
Speaker 1: that directly off her website. That's her mission statement or
33:03
Speaker 1: the mission statement of Wealth Builders Community dot com. Please
33:07
Speaker 1: come back on Missia, Please come back on Absolutely. If
33:11
Speaker 1: you want to hear more money Making Conversation interviews, please
33:13
Speaker 1: go to money Making Conversation dot com. Over Sean McDonald,
33:16
Speaker 1: I'm your host,