In this flashback Friday episode of the Share The Wealth Show, we welcome back Dexter Jenkins as he expounds on the importance of having multiple streams of income.
He also emphasizes the significance of
💣The SHIP Method (StewardSHIP, OwnerSHIP, and EntrepreneurSHIP)
💣having savings readily available when an opportunity arises as it can lead to generate more income
💣 Develop a strategy for augmenting your current resources and increasing your source of income.
💣Inner and Outer Game of Wealth
Dexter B. Jenkins is a faith-based financial mentor who spent more than two decades in the financial services industry. He is passionate about helping families build generational wealth with easy-to-implement steps. Jenkins inspires and instructs hundreds of people with his podcast, programs, online courses, and books. A popular speaker on the topic of wealth building God’s way, he is an authority on faith and finance. As Senior Pastor of Fellowship Christian Church in Boston and Managing Partner of Dominion Real Estate Holding, LLC, he sensed early in life that teaching financial literacy was his calling. Through what he coins the “SHIP Method,” Jenkins shows people how to get out of debt through stewardship; create a legacy through entrepreneurship, and learn strategies on real estate ownership. There’s no question that his integrity, wisdom, and wealth-building philosophy is a voice needed today.
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[1:44 - 7:02] Equity out of Properties
- Dexter talks about the Dominion Real Estate Holding
- He also shares a story of one of his clients, who pulled equity out of properties and used this to acquire more properties.
- Stewardship is the successful handling of your finances, or the budget or spending plan
- Ownership is the assets that they need to create
- Good debt VS bad debt
- by using the example of building a house, Dexter explains the levels needed to have to form a good strategy in life
- He mentions that most wealthy people don't much think about budgeting, but they think about how to get other streams of income.
[15:45 - 21:33] Save for Opportunities
- the question, "How can I generate more income?"
- for him, save money for opportunities.
when opportunities come, you should always have the cash ready to make more
[22:50 - 34:51] Closing Segment
- going deeper until you build competence in one area, then you can branch off to other things.
- Dexter explains what wealth means to him
- his question to the next guest is, "What is the biggest challenge they had to overcome in their business?"
Quotes
" If you really want to improve your finance, there are only 2 ways to do it. Decrease your expenses, increase your income." - Dexter Jenkins
" Wealth to me means having what you need when you need it." - Dexter Jenkins
Connect with Dexter!
Website: https://www.dexterbjenkins.com
Instagram: https://www.instagram.com/dexterbjenk...
LinkedIn: / dexterbjenkins
Facebook: / dexterbjenkins
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Let’s get connected!
You can find Nicole on
LinkedIn / nicole-pendergrass
Instagram https://www.instagram.com/nvestornikk...
Facebook / nvestornikki
or Visit her website https://noirvestholdings.com
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