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Best of TSP | The Fundamentals of Building Wealth with Dr. Boyce Watkins

Best of TSP | The Fundamentals of Building Wealth with Dr. Boyce Watkins

FromThe Traffic Sales and Profit Show


Best of TSP | The Fundamentals of Building Wealth with Dr. Boyce Watkins

FromThe Traffic Sales and Profit Show

ratings:
Length:
12 minutes
Released:
Oct 21, 2022
Format:
Podcast episode

Description

Did you know there are countless ways to build wealth? You can start investing today without spending a penny because money is not your most lucrative asset. In fact, money may not even be necessary if you have the economic vision to recognize opportunity. 
 
Today, on the TSP show, Lamar is joined by Dr. Boyce Watkins, a financial professor and founder of The Black Business School. His institution focuses on building financial literacy in the Black community.  He demonstrates how you can begin investing without capital, by creatively leveraging your skills, experiences and network. Everyone has the potential to become financially independent and he gives you the tools to establish your wealth and shows you how to secure it through diversifying your portfolio. 
 
If you want to learn how to make secure investments and become financially independent, listen now.
 
 
► Upcoming Live Events: https://trafficsalesandprofit.com/events/
 
 
Want to keep up with Dr. Boyce Watkins ? Find details here:
 
► Website:https://linktr.ee/DrBoyceWatkins
 
► Courses:https://theblackbusinessschool.com/courses
 
► Instagram: @therealBoyceWatkins



Want to keep up with Traffic Sales and Profit? Find details here:
 
► Podcast: https://trafficsalesandprofit.com/podcast
 
► Get your FREE Traffic Sales and Profit Book here https://freetspbook.com/tsp-book
 
► Subscribe to the YouTube channel: https://youtube.com/trafficsalesandprofit
 
► Join our FREE Traffic, Sales & Profit Facebook Group: https://www.facebook.com/groups/TrafficSalesProfit/
 
► Follow us on Instagram: https://www.instagram.com/trafficsalesandprofit/
 
► Follow Lamar on Instagram: https: //www.instagram.com/lamartyler/




 
KEY TAKEAWAYS
 
[00:00:00] Show intro
[00:02:12] Diversifying your portfolio
[00:02:45] Do a stress test
[00:03:50] Real estate and land will always hold value
[00:05:10] Be the bank
[00:05:30] Secure  your money by planning your estate
[00:06:10] Keeping your files organized for your next of kin
[00:06:30] Create entities to spread your money out
[00:07:45] Teach your children
[00:08:25] Invest in existing businesses 
[00:09:30] Not all capital is money 
[00:10:10] Networking is far more valuable than money alone
[00:10:45] Learn to see the money in the room
Released:
Oct 21, 2022
Format:
Podcast episode

Titles in the series (100)

Traffic Sales and Profit aka TSP Is The Premier Community for Purpose-Driven African-American Entrepreneurs. Our goal is to change the economic landscape of the Black community while closing the wealth gap through entrepreneurship.