Ep 07 - In this episode of the Share the Wealth Show, Nicole Pendergrass and guest, Dr. Felecia Froe talk about how you don’t need to overcome fear before taking action. Bravery means being scared and taking action anyway! Dr. Froe also discusses how she wanted to make her money work for her and also work for other people by giving back with a purpose. Felecia Froe, MD is the owner of Money With Mission, an investment company focused on empowering professional women to build wealth and achieve financial freedom through social impact investing. As a real estate syndicator, Felecia has partnered with like-minded investors and has raised money for several social impact projects, including a residential assisted living home in Kansas City, Missouri focusing on providing elderly residents experiencing memory problems with personalized care. With her partners at the Eco Alliance Group, she is providing healthy food to food desert areas with indoor vertical farms and grocery stores. In addition to real estate investing, Dr. Froe is a licensed urological surgeon with over 20 years of experience. She has written many Best Selling books including "How to Create Wealth that Outlives You". Plus, she is an advocate for sharing the great work others are doing for their community through her podcast Money With Mission Podcast.
________________________________ FREE Discovery call for The Microfamily Investing Accelerator https://calendly.com/noirvest/microfamilymavericks ________________________________ [00:01 - 12:35] Who is Dr. Felecia Froe?
- Dr. Felecia realized that medicine and her career as a urologist weren’t the only impact she was going to leave on the world
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- After reading Rich Dad Poor Dad, Dr. Felecia realized that Passive Income was the tool to build wealth
- Meeting a patient who was a real estate investor and how that changed everything
- The fear that Dr. Felecia felt when assuming a VA loan for her first property
- When you realize that money is abundant, you won’t be afraid of losing it
[12:36 - 19:24] Leaving a Legacy and Investing for Social Impact
- How Dr. Felecia focuses on affordable housing, grocery stores, and investments that have a positive social impact
- The purpose and movement of Money with Mission
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- Building communal elderly homes and assisted facilities
[19:25 - 26:37] Getting Started for Those Who are Afraid to Take the Leap
- How to find opportunities and get started with social impact initiatives and investments
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- Invest your money in alignment with your values
- Invest in what you are comfortable with
- There are different ways to invest
- How Dr. Felecia protects her wealth for generations to come
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- Her daughters’ financial literacy and making sure the future generations are financially educated
[26:38 - 36:36] Closing Segment
- Do you want to build wealth for yourself and your family? You need THE LAUNCHPAD. Click here to learn more!
- The final 2 questions
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- Dr. Felecia’s opinion on “Diversification is a protection against ignorance.”
- Don’t just stay diversified in one asset class
- Connect with Dr. Felecia!
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Key Quotes “The fear didn't go away. I just did it… You do have to walk through that fear...
