Author: Kyle Malkin
“Your Credit Score is Starting to Play a Larger Role in Your Financial Life” with Nathalie Noisette
“If you look at your credit report as a lender would, you will understand why you need to have good credit score.” - Nathalie Noisette
In today’s episode, we welcome Nathalie Noisette. Natalie is a credit expert and financial strategist, dedicated to providing information for individuals looking to improve their score. She is also the author of a book titled, ‘Converted: Uncover The Hidden Strategies You Need To Easily Achieve Massive Credit Score Success.’
Today Nathalie talks about the relationship between trust and credit, as well as the importance of building a positive credit score.
Listen in!
- I came across my credit score for the first time when I was 18 years and had gone to buy a car but was denied the purchase because the credit score was just not there.
- I went home and went into a really deep hole into the internet of what credit was, because I had not made contact with this credit thing before that experience.
- I was able to fix my credit, and then a lot of my friends and people started asking me to help them fix theirs as well, which led to me turning it into a business.
- It is not really just about credit, but also about understanding your needs and lifestyle, and creating a plan around that.
- I like watching how people transform their lives and seeing that gap close.
- Watching my daughter grow up and not have to deal with a lot of the things that I did also became a passion for me working with women especially mothers. I got to a point where I felt like this was something people could do by themselves anyway, and decided to package everything I had done in the last 10 plus years in a book.
- The number one misunderstanding that people carry about credit is thinking that credit really has to do with money at all.
- If you can look at your credit report as a lender would, you will understand why you need to have good credit.
- Every single institution that you have a relationship with sees a different version of your score.
- It makes sense that your credit score may vary depending on whether the potential lender is using the FICO or Vantage Score model.
- The scores from Experian, TransUnion, and Equifax might vary slightly not because of the model that's being used, the data points that are being presented on the actual report are different.
- Credit repair is not like a magic pill that you take and everything goes away, but a way to rebuild trust with institutions.
The best way to keep in touch with Natalie is through:
www.convertedcredit.com
https://www.facebook.com/iamnatnoisette
https://www.instagram.com/iamnatnoise
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“Your Investments Can Make a Difference in the World” with Dionne Payn
“Triple bottom line is investing in a way that you do get profit, but you also look after people and you look after the planet as well.” - Dionne Payn
In today’s episode, we welcome Dionne Payn to the podcast. Dionne is an author, as well as a speaker. She speaks on the topics of ethical property investing, affordable housing, and ending homelessness. She is the CEO and founder of high impact property investments, where they specialize in connecting investors with double digit returns and projects that provide affordable homes, build communities and provide inclusive homes for people with disabilities.
Dionne talks to me about the events that led to get into real estate business, and also highlights the triple bottom concept in ethical property investing.
Listen in!
- My early life was very much about being part of a church community, and it was lot about service and helping other people which was where I've got my service ethic from.
- At the university I studied pharmaceutical chemistry, and I ended up at the pharmaceutical industry specifically at the natural products chemistry where I ended up doing a PhD in the same field.
- We wanted to buy a property and in the area that we lived at the time, it just wasn't affordable on one income.
- We decided to learn about property with the hope that we'll find a creative way to get involved in property and then be able to purchase our home.
- After our first course, we found a joint venture partner whom we partnered with to deliver a project that was a renovation and a subdivision of a property.
- We delivered on the project and did a couple more projects which were quite small.
- We got involved in a project that even though we did finalize it, I got the motivation to keep going because it was important to the community.
- It was a combination of there being a need for it and a way that we could make money, but also a way to service the community as well as sustainability.
- We haven't always been thinking about sustainability and community, our primary motivation for a long time has been about profit.
- As we progress, what we're seeing is just a bit of a collective shift and a bit of an evolution in the way that we live and think.
- Millennials do seem to be leading the charge by wanting to work for companies that are ethical and investing their money in things that they believe that are going to make the world better.
- As consumers/ investors, we have a lot of power, but sometimes we give away our power because we don't think that we have any.
- The central message in the book, Ethical Property Investing, is that if we exercise that power, we can actually create the world that we want to see.
- Triple bottom line is investing in a way that you do get profit, but you also look after people and you look after the planet as well.
- Our money has to work for us, but investors do want to be investing in alignment with their values.
- We partner investors with developers that have a really great track record and are a lot more risk aware and know how to mitigate them and find creative solutions for them.
- Property development in and of itself is a huge beast, and you need to have people that are committed on all aspects to deliver the outcomes that that you've signed up to deliver.
- Property really has the power to transform lives.
You can connect with Dionne on her social media handles:
Facebook - https://web.facebook.com/highimpactproperty.investments
Twitter - https://twitter.com/hipinvestments
LinkedIn - https://www.linkedin.com/in/dionnepayn
The best way to get in touch with Dionne:
Website: https://hipi.global
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“Attention Entrepreneurs: Payroll and Taxes” with Charles Read
“Anytime you get a letter from the IRS, answer it, and if you don't understand what they're saying, ask for clarification.” - Charles Read
In today’s episode, we welcome Charles Read to the podcast. He is the author of three books including Starting a New Business, Small Business Short Course, and the Little Black Book of The Beauty Biz. Charles has also written numerous articles and blogs throughout the years. He is a licensed CPA, and he has held Series 7 in Series 66 securities licenses. Charles has 50 years of financial leadership and experience.
Today Charles talks to me about how he was able to successfully start and run his business, and also provides tips on how to deal with payroll and taxes.
Listen in!
- After the military, I found out my military experience wasn't valued by business, so I went and got my credentials and then went to work in corporate world for about 15 years.
- Over 30 years ago, my wife Ruth and I, started our business and I'm still running it today.
- I was working as COO for Financial Express, which was a franchise organization that we bought in 1991.
- We later just changed the name and then got rid of the mobile aspect of it and kept going.
- 10 years ago, I sold the accounting side of the business to my partner who wanted more autonomy, and I kept the payroll.
- We're now in exclusively a payroll provider providing services all across the US, to small and medium sized businesses.
- Our biggest unique selling proposition is compliance, and we help our clients stay compliant.
- Our clients outsource their payroll issues to our company because we are the experts with the most experience and knowledge.
- I tell clients not to talk to the IRS themselves, because it's personal and will likely upset them and make them do things they shouldn't.
- The first call from our clients doesn’t cost anything, and that's the nice thing about us as compared to our competitors.
- My book titled The Little Black Book of the Beauty Biz is about all the back-office things that relate to the accounting and payroll.
- 70% of all US businesses misclassify employees one way or the other.
- There are some huge advantages to being an independent contractor and it is important for people to learn all these things about deductibility.
- You can legally deduct anything that is business-related whether you have a receipt or not, you just may not be able to prove on an audit, but that doesn't mean it's illegal.
- The IRS cannot penalize you for a simple mistake.
- Anytime you get a letter from the IRS, answer it, and if you don't understand what they're saying, ask for clarification.
- Send everything certified so that you can be able to prove you sent it when necessary.
- One of the tips as we are approaching April is to make sure that if you've got stimulus payments, they get reported because they are not free, they are a part of your refund up front.
You can connect with Charles on his Social Media Handles:
Facebook - https://www.facebook.com/GetPayroll/
Twitter - https://twitter.com/getpayroll
LinkedIn - https://www.linkedin.com/company/getpayroll
Youtube - https://www.youtube.com/channel/UCxs-_RwC9NgfUcqbwvEaMIQ
The best way to get in touch with Charles:
Website: www.payroll.com
Email: CJR@getpayroll.com
Phone number: 972-353-0000
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“Building Wealth: Pure and Simple Strategies” with Howard Dekkers
“The number one thing that I recommend to anybody who wants to own a business is to just start and then follow the path.” Howard Dekkers
Today, we welcome Howard Dekkers to the Podcast. Howard is a financial and life coach, and he teaches people how to become financially free with a normal job. Coming from an average lower middle-class family in Detroit, Howard worked hard to become a self-made millionaire, and now, his passion is to help others achieve their part of the American dream.
After a successful run in the business world, Howard arrived at what we, at Personal Financial Strategy call “Choice Age”, which is that age at which an individual's passive income stream can support their lifestyle completely, thus affording them lots of choices.
Today Howard talks to me about how he's investing his life post choice age.
Listen in!
- I was born in Detroit, Michigan and when I was three, my dad moved us to a suburb of Detroit.
- Two streets down from me is where all of the wealthy people lived and one thing I noticed of every one of these homes, is that either or both of the parents owned the business.
- From a young age, I thought that the only way you could become a millionaire was by owning a business.
- After high school, I had an accident where I cut off my finger and it was totally a wake-up call for me to go to college and get my bachelor's degree in business.
- I opened my first business at 28 and I kept opening up other businesses. I ended up making millions of dollars from selling my last company which took me 20 years to build.
- One of the things my father told me when I was a teenager was to save and invest 10% of every one of my paychecks.
- I was making a lot of money but was spending it all, and it wasn’t until when I was in my late 30s that I started saving and investing 10% and up to 20% of what I was earning.
- My savings grew to over $2 million and then I sold my company for millions of dollars, and it was at that point that I didn't have to work anymore.
- I decided that I was going to put a PowerPoint presentation to teach my children and their friends how to become multimillionaires.
- As the numbers grew, I decided to put an online course together and now I have a seven-module seven- hour course, where I teach people everything they need to know to become multimillionaires sometime in the future.
- My first business was advertising which led me to another business, international cash card, which was a telephone cover index that I sold 10 years later, to the biggest newspaper in town.
- The number one thing that I recommend to anybody who wants to own a business is to just start, and then follow the path.
- The other end of it is that you have to start your monthly financial freedom plan as soon as possible.
- You definitely do not have to go to college to run a business.
- I teach a concept called Money mindfulness where I show people how they're spending their money right now versus how much is coming in.
- I show these people how to be money mindful because they were never taught.
- Most people think that they have to save a million dollars, but the reality is that they don’t. They just need to understand how to take advantage of compound interest and doubling.
You can connect with Howard on his social media handles:
https://www.linkedin.com/in/howard-dekkers-baa3727
https://howarddekkers.com/