The Money Exchange

House hacking is a way to reduce living expenses temporarily and can be considered the beginning of a career as a real estate investor.    With the high cost of housing, house hacking can contribute to your lifestyle, put money into savings or buy even more real estate investment property, all while building home equity.   This is the case for Tom Brickman who started out house hacking and recentl...

If you have a blog or thinking of starting one, it's never too late to start making money from it.    There are several ways to monetize a blog and in this episode, I talk to Latasha Peterson, a globally recognized Side Hustle and Blog Coach about how she has been able to make it happen.    With over 10 streams of income and earning over $10k per month with her blog, Latasha has been featured in a...

From juggling their businesses to relationships outside work, many entrepreneurs are constantly struggling to prioritize their mental health.   In this episode,I speak with Dr Aeshia Jackson, a mental health therapist and life coach. She is the president of Creative Concepts Therapeutic Services and specializes in early intervention and child behavior disorders.   Dr. Jackson is also the founder o...

Investing in real estate can be both satisfying and lucrative for both property owners and non property owners.    The concept of how you can maximize your money in real estate is a broad one however Terré Holmes is an expert in this and she graced us in this episode to expound on it.    She is known as the Money Maximizer. Formerly a classroom teacher and college professor, Terré  is  now a trans...

Grants are an important resource in developing a new business. A grant can provide seed money for exploring a business opportunity, supply working capital for a business plan, or provide assistance in other ways.   Charmane H. Sellers, President, and CEO of ALEON Properties, Inc., a 100% Veteran(USAF), Woman, African-American owned Construction company located in Austin, Texas has been lucky to en...

The cost of traveling is not cheap, from booking flights and paying for extra luggage to securing great accommodation it costs quite the dollar to travel however with travel hacking on flights and hotels, you can save substantially on these expenses.   And this is a subject Keritan Shelby is well acquainted with. As the founder and CEO of JMS Consulting Firm, a credit consultation firm. Keritan is...

You may be wondering why start an online business in the first place. Why not go with a brick-and-mortar one instead?   Because starting an online business in this day and age has several advantages as our guest in this episode, Megan Meyers shares.   From NFL Cheerleader to successful dance studio owner, to an online business expert, Megan Meyers is a busy mother of two who truly figured out how...

Typical financial advice often implies that you're neither smart enough nor have the temperament to personally manage your own money. Curtis May, on the other hand, says 2+2=4, personal finance is not that complicated provided you take the time and effort to learn more about it.   As the creator and owner of Practical Wealth Advisors, Curtis has been working with individuals to build wealth for mo...

In this episode, our special guest is me, the It$ My Money Lady, Patrina Dixon. As a personal finance coach and the host of this podcast, Patrina shares:   How she got started into podcasting Her podcasting journey so far What she enjoys What to expect from the podcast Her favorite podcasts   Take a listen to the 100th episode of The Money Exchange and more of what is to come. Connect with host, P...

Many people want financial freedom, but they lack knowledge of how to do it. Even with multiple sources of income, they tend to find themselves buried in debt. The main reason behind this is their inability to manage their finances.   It is only when they start managing their finances, that they have a better perspective of where and how they're spending their money. Great personal finance practic...

You have probably heard of the snowball method but perhaps you are not certain about how it can be of value to your debt pay-off plan.    This is a debt pay-off strategy where you pay off your debt in order of smallest to largest, gaining momentum as you knock out each remaining balance. When the smallest debt is paid in full, you roll the minimum payment you were making on that debt into the next...

Can you profit from blogging you ask?  Yes, you can! In order for your blogging efforts to be sustainable long-term, you'll want to write about something you're genuinely passionate about.    Alexa Curtis is a real-life example of that, at just 12 years old she started a fashion blog; A Life in the Fashion Lane. It became a platform for her to express her feelings around everything relating to tee...

Can you make a living as a virtual assistant? Yes, you can, it is one of the top work-from-home opportunities you can start on your own with a minimal investment.   Virtual assistants provide support to businesses and individuals remotely and our guest, Joy Aliba Edumu has experience doing so.    She helps business owners around the world in the aspects of social media management, podcast manageme...

Your job may help you meet needs however a great side hustle can be just what you need to create the financial freedom you desire.    This was the case for Janesse Torres-Rodriguez after she lost her job which led her to give more attention to her Latin food blog and start a podcast Yo Queiro.  Due to the uniqueness of her content published on her blog and podcast, Janesse was able to monetize the...

Investing can be scary because returns aren't guaranteed. There is a risk you could get back less than you originally invested but it's important not to let fear stop you from the opportunity. What is shared during the episode may be a  great way to take control of your financial future.  In this episode, I spoke to Tonio Mckinley, Founder of Incisive Investments, who knows a great deal about maki...

From deciding the rental apartment you would love to stay in, the floor, proximity to your job to the cost of it all, renting can be a daunting task. Still and all, Justin Pogue shares with us how you can confidently rent out your next property and get better value for your rental dollar. He shares effective reduction strategies you can pick up to ease your rental search for a property. Connect wi...

How much money do you earn, spend and invest? Have you ever critically analyzed this? Lawrence Delva-Gonzales believes if one can get to the root of these aspects, one can overcome debt and normalize happiness. However, this is action-oriented and only a handful of people put into practice the financial knowledge they come across each day. Lawrence and his wife went from over $150,000 in student l...

Children often see adults/parents exchange money when purchasing various things and as they grow up they learn the value of money. Their understanding of its importance shapes their spending, saving, and sharing. Teaching them young just how valuable money is enables them to cultivate habits that they will put into good use as they grow into adulthood. Julina is a big advocate for this and she sha...

A great deal of people in America cringe at the word of taxes because they have a big deal reconciling them at the appropriate time. Daniela Ngounou, a Business and Wealth Coach and Speaker who totally understands the subject of taxes shares with us in this episode how you can lessen your tax burden and run a successful business. She also highlights how you can make your money make more money and...

In this episode, we are talking about grants and how you can work the law in your favor. I speak to Staci Childs , an attorney of Sunnyside Legal and winner of a $25,000 grant from Saleforce award on Black Entrepreneurship Day. She tells us what set her apart from the numerous people who applied for the grant, you will be amazed by her response. Staci also highlights why it is important for you to...

Author, Speaker, Entrepreneur, Marcus Garrett graced us with his presence and captivating voice in this episode recorded live at #FinCon 21. Prior to being the award winning author, speaker and entrepreneur he is today, Marcus struggled with $30,000 debt he had accumulated by credit cards and personal loans. He was living paycheck-to-paycheck for a decade until at rock bottom, he finally put toget...

In this episode, I speak to 3 of the 10 beautiful ladies in St. Jude's school for girls in Trinidad and Tobago where I have taught financial literacy for the last four years. I bring them on board to share with you how the It's My Money Workshops have created an impact in their relationship with money. They went through 3 independent workshops on budgeting, saving and entrepreneurship leading up t...

While we all have a different relationship with money that is based on how much we have and how much we need, it is possible for everyone to take some steps toward having a more secure and balanced relationship with money. Sheila shares why it's important to individually have your finances in order and why you should not fear making an investment during certain times. The money you make is the sym...

In this episode, Annalisa Abell Owner of Elevated Assist, LLC- Virtual Assistant and Social Media Management Agency shares with me how she was able to set up her virtual assistant business at the start of the pandemic after noticing how the majority of people in the corporate world were being laid off. She shares how she has been able to teach over 400 individuals how to start their own virtual as...

Rob and I talk about the importance of teaching kinds about money. Rob shares some details that is in his first book, M is for Money for the little kiddos ages 3-8 years old. #misformoney Rob is a high school math and personal finance teacher in Maryland. Check out more on M is Money here. M is for Money - www.misformoneybook.com M is for Money Kickstarter - www.kickstarter.com/projects/robphelan/...