[00:00:00 – 00:00:34]

Kofi Thompson: What is the feature that you truly see for yourself? And you know, the family, actually at we went through. He’s like I you know I want to be able to you know, create a legacy, you know, about to pass off wealth. Like I want to be in a position where I can you possibly retire early like you know all these different things that you know a lot of people do desire. What we had started he had a net worth of about – 50,000 at this point right now is Network for positive. 200,000. And that’s the way from like changing habits over the last, you know, four years. Ears, like actually being intentional about, you know, putting money away and like doing things differently.

[00:00:35 – 00:01:32]

Intro: Welcome to the Share the Wealth Show, where minority professionals can learn to escape the racial wealth gap and catapult themselves into abundance. Your host, Nicole Pendergrass, grew her net worth from being negative to multiple six figures. Join her on her investigative mission to expose secret strategies of the wealthy so we can all have the tools needed to build the life and legacy we were created to possess. Now it’s time for the show.

Hey guys! So, we’re back again, this is the second part of the episode with today’s guests. I need you if you have not heard part 1, go back to the previous episode, and listen to that first and then come back and join us here today. You need to hear the whole conversation so why we split into two parts. There’s so many nuggets is so juicy. Go back and listen to the first part!.

[00:01:33 – 00:02:21]

Nicole Pendergrass: So slightly, not off topic, but just different. Can you, do you have an example of maybe a very impactful client that you’ve worked with who’s had a huge transformation starting to work with you from where they were to, you know, kind of how they’ve been doing with their finances or built up to. You know, for a particular goal or something like that, like that just kind of an example of somebody’s transformation if you have one. So I know that would be someone you’ve worked with for a long time because we know that wealth building and those habits changing happens over time. But do you have an example of something that happened with a client that was kind of like a wow moment or someone who had just an impactful transformation?

[00:02:22 – 00:06:47]

Kofi Thompson: Yeah, absolutely. So I have a client that I actually had started working with when I started my practice in 2019. So when I started working with them, they were pretty like decent income and are like they’re making around like $180,000 a year. And you know, when I started working with them, they were just like, you know, essentially, they didn’t really have a penny to their name.

They were spending everything that they were taking in. Parkinson’s law again. But there you’re going to spend it. When you’re getting a consistent income, it can be sometimes a little hard to think about really things long-term. But they didn’t really have a positive net worth. They’re pretty much around zero.

And they all, sorry, actually less than zero because they did have some like credit card debt and things along those lines. So when I got together with them, like I really sat down and, you know, talked to them about, okay, like, you know, let’s just talk about like, what is the feature that you truly see for yourself and, you know, the family that you have? And what do you really, you know, want for yourself and that family down the road, like 20, 30 years down the road? Like that’s really understanding things, let’s paint the picture.

we went through, he’s like, you know, I want to be able to, you know, create a legacy, you know, I want to be able to pass off wealth. Like I want to be in a position where I can, you know, possibly retire early, like, you know, all these different things that, you know, a lot of people do desire. And then we sat down and we’re like, okay, like let’s look through this stuff, went through the numbers. And I was like, you know, you’re not heading in that direction. Like, it’s not like, I mean,

So we had a very real conversation. It’s like, all right. That pulled no punches. Yeah. I was, yeah, I’m going to keep it real. And I was like, you know, you’re not, that’s not where you’re heading towards. Like if you continue to do what you’re doing, like that reality, that picture that you, you want your desire is not going to happen. And then they like, I, again, like I am the type of person like I’m not going to tell someone like what they need to do.

but I’m gonna help them gain clarity and intentionality so like they can really move in the direction that they wanna go. And so we sat down and we’re like, okay, this is what we need to be doing. We need to, one, we need to start like, actually being intentional about like how much you’re gonna be spending and how much you’re gonna be putting away. We need to eliminate this credit card debt. We need to actually start investing, actually start building wealth.

Um, and when we had started, he had a network about negative 50,000. Um, at this point right now, he has a network for positive 200,000. Ooh. And that’s really from like changing habits over the last, you know, four years, like actually being intentional about, you know, putting money away and like doing things differently. Um, and he had went through this absolutely massive change and like the first, the first couple of months were difficult, right?

He was like, man, do I really have to do this? Like, I don’t really know. Like, you know, there’s always those, there’s a lot of resistance to change that we just naturally have. It’s like, it’s not like familiar to us. You know, oftentimes that’s like one of the biggest things we have to overcome. And, you know, for a lot of us, like myself included, I had to overcome a lot of financial trauma from the childhood that I went through and the scarcity mindset that I had and all these different things that like come up.

that can oftentimes create self-sabotage from us actually making progress and going where we wanna go. So there’s a lot of, you gotta be, do, have, you gotta become the person to do the thing, the happen thing you want. But the becoming of the person is really difficult. Through being able to really coach him, again, those progressional steps, we didn’t start off at all at once, but implementing these small things, he made a complete 360.

And now he’s on a trajectory to have around 5.8 million by the time he retires, if he doesn’t change anything.

[00:06:48 – 00:08:18]

Nicole Pendergrass: Oh wow! I wish I had seen when I was clapping, but I wish I had one of those clap audience buttons. You know, I need the effects, the sound effects. Yeah. Oh man. Okay. That’s fantastic. And it’s literally just showing for the people listening.

that small changes in your habits can really build up over time. And like Kofi mentioned earlier in the conversation, that by time you turn around and you look back, you’re like, Oh my gosh, I have enough to buy my first investment property. I have enough, you know, net worth to leave a legacy. Like I have enough to do things with, um, and to create the lifestyle and the vision for my life that I wanted, but it starts today. And it starts with small.

microscopic type of needle point movements that will make you, you know, become the person that you need to become. Like, like Kofi said too, with the B do have. And I think it’s, it’s goes back to almost like that book, Atomic Habits. It’s all about, they’re so small, they’re such small habits that sometimes you don’t even realize. And sometimes they might be painful to switch because you think it’s such a small thing and it doesn’t make a difference, but it does. Over time, it does.

Um, I guess one other topic I wanted to touch on. Have you heard of, I know you have heard of like the bank on yourself type of policies for the whole life insurance policies. And what do you think about that? Have you ever, um, encouraged a client to get a policy like that? And what have you seen happen with those types of policies and what, what should people know about it? And do you suggest that?

[00:08:19 – 00:11:02]

Kofi Thompson: Um, yes. So I am familiar and I’m actually an infinite banking specialist. So those are, I do set up like whole life policies so people can use them to either create liquidity using a cash alternative asset, you know, down the road for the capital needs investing, or you can utilize them as just like life insurance to, you know, pass off a legacy with her, like a state planning. So I do advanced life insurance planning. Going as far as to say, I recommend it.

this comes back to your personal finances. Like you have to understand what you personally need. So there’s a thing that I would ever like recommend without understanding like what someone’s needs are, you know, what their goals are, you know, where they’re at. And, you know, a lot of other pieces, like, you know, big piece of like, you know, just the professional nature of, you know, the industry that I’m in is like knowing you’re a client. Like you gotta know, it’s just like, you know, physician, you got to know and understand where someone’s at before you know, you recommend something to them. And this is just something for the audience. Like if someone’s recommending anything to you and they don’t really know what your goals are, like you got to take that with like some precaution or take it up a grade of solid that regard. Um, but yeah, just going into like, you know, whole life policies, utilizing cash fighting policies, the bank yourself, it’s a great asset class, create more liquidity, has various tax advantages, it’s tax deferred. So it’s a great place to actually create that banking and yourself policy. A lot of people utilize them to build up enough cash value to take loans off of and various utilizing it as a financial tool instead of just utilizing their savings account, which really is just money just sitting there barely gaining any interest. You’re getting taxed on it as it continues to grow. You don’t really have much flexibility. You can just simply just draw money out and put money back in. There aren’t really a lot of options out there. But yeah, with banking yourself, policy is like, they are a great financial tool within your financial tool belt that can really add a lot of efficiency tax-wise and also a lot of… extra liquidity down the road as well too, when you need it for like real estate or even just, you know, car, I’ve had clients that have balled off their policies of purchase a car, you know, they’re paying themselves back doing things like that. So it’s a great financial tool, you know, to utilize.

[00:11:03 – 00:12:43]

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[00:12:44 – 00:13:02]

Nicole Pendergrass: Okay, perfect. Cause I was going to ask you just in case someone didn’t know what that was to explain what a whole life, infinite banking, not whole life, but infinite banking, bank on yourself type of policy, what that is. But you did kind of touch on some of the things that you can do with it. But I guess, I’m gonna give it just like a, yeah, for somebody who doesn’t know, never heard that term before.

[00:13:03 – 00:15:58]

Kofi Thompson: Yeah, absolutely. So I’ll start by explaining like the two different types of insurance. So there’s term insurance and there’s also life insurance. There’s term life insurance, and there’s also permanent life insurance. Term life insurance is going to be like renting a house. So you, it’s pure insurance, you only get the death benefit and you only have a certain, for a certain period of time. Typically you get it through your job. Like you’ll get, you know, a bunch of coverage for pennies on the dollar but it’s gonna run out either after 20, 30 years or when you leave your job. You don’t really own the policy. Whole life or permanent or permanent insurance, that’s insurance that you actually own. It’s like purchasing a house. So it’s there for your entire life. And just like a house builds up equity, it also builds up a cash value component. So whole life insurance actually has a savings or an investment component to it, depending on the type of permanent insurance that you’re getting. And you can use that cash value to borrow off of just like you would the equity in a house. Now that has a lot of benefits because you can, for example, when you build up enough purchase anything worthy of real estate or a car purchase or something along those lines, you can take money out of that policy, take a loan off of that policy, and then you have interest being charged on that loan, but when you’re paying that loan back and the interest, it’s actually going back into your policy. So it’s not just like, the interest charge is not just going back to like a bank essentially. So that’s where the term banking on yourself comes from is that you’re really just like taking from yourself and then paying yourself back, not losing all that money to interest as you would if you took a loan from a bank.

[00:14:59 – 00:15:07]

Nicole Pendergrass:  Okay, so what’s the difference between a normal whole life policy and a bank on yourself or infinite banking structured policy?

[00:15:08 – 00:16:04]

Kofi Thompson: Yeah, absolutely, great question. So typically if I’m structuring like a whole life policy to bank on yourself, I’m usually doing what’s called, you know, more paid up additions. And you can think of that as like additional mortgage payments. So you’re essentially like paying more into the policy in order to build up the cash value faster than you would. If you were not making those additional payments. So, you have money that’s not actually going towards buying more debt benefit. It’s going towards just building up cash value in the policy. And there’s a bunch of like specifics about how much you can put in and like different things on those lines. I’m not going to necessarily get too technical right now, but essentially putting more money into building up the cash value faster and less money into buying more debt benefit in a policy.

[00:16:05 – 00:16:58]

Nicole Pendergrass: Okay. I love that analogy. Like, to the additional mortgage payments and owning the house versus renting a house. That’s the perfect analogy. Oh my gosh. That just, that means so much, especially with the paid up additions being additional mortgage payments. That was so clear. Okay. Thank you. Appreciate that. You know what? I think we are, I’m going to transition into the last few questions that I ask every guest was there anything else that you just wanted to leave our wealthpreneurs with any mindset or things that they should just keep in mind as they’re going on this journey and deciding what they want and, um, uh, creating automations to make sure they’re in trajectory with the goals they said they wanted for their life. And we talked about so many different gems in this, um, episode today. And so is there anything else that kind of ties a pretty boat on it that you want to leave, leave the listeners with?

[00:16:59 – 00:19:25]

Kofi Thompson: Yeah, absolutely. So, um, this is like one thing that I, I’m always talking about my clients, you know, whenever I go and speak at like conferences, I think it is extremely important. And that’s like mindset and belief. Like I believe that’s where all of this truly starts with. Like, actually, you know, getting to the point where you can believe that you can achieve this is so important. And I know a lot of people hear that and like they think it’s like kind of cliche, but. If you’ve ever, you know, playing a sport or like, you know, taking a test or something along those lines, you have a much different experience if you go into like a game, for example, like, man, I’m just going to fail. Like I’m going to drop every single pass that’s thrown to me. I’m going to fumble the ball. I’m going to get tackled and all these other things. Like you’re going to play a lot differently. If you, if that’s your mindset, if you just think you, you don’t, you won’t succeed as opposed to you’re like, Hey, like I think I’m going to score a touchdown and we’re gonna catch every single pass. And like that may not like always have like this huge impact. You can’t just think yourself into success. Like action does matter, but actually believing that you can achieve these things is so important because a lot of people essentially, you know, like take themselves out of the game before it even starts. And you have to like, there’s belief and there’s action. You gotta do both, but actually, you know, saying like, hey, I can achieve these things. Let me start taking some action towards this like really helps immensely. But like the lack of belief or like, and it typically can happen when, especially if you’ve grown up in a household where you didn’t have much money, there’s a lot of scarcity. Again, financial trauma that we have to overcome. So we don’t continue to operate as if we’re in that same experience or in that same thing that happened in the past, like we have to get to that point where we’re healing from that, but really having the right mindset that you can do these things for yourself and your family. You know, sometimes it does require taking little risks, getting out of your comfort zone, because that’s where we truly grow. But that is all where it starts in like the journey. And you really got to, you know, spend some time with yourself, you know, whether it be, you know, journaling, getting around the right people and like doing all these things so you can have the right mindset to continue to make progress on your journey.

[00:19:26 – 00:19:47]

Nicole Pendergrass: Oh, I love that. I love it. Thank you so much. And mindset is super, super key. Like you said, belief without the action, you need both of them. But if you believe that action is gonna be a little bit different because that belief behind it is pushing you toward success more than it is toward just mediocrity or failure or whatever, whatever else.

[00:19:48 – 00:20:21]

Ad2: Are you enjoying this episode? Then stop what you’re doing right now. Head over to Apple podcasts and leave us a rating and review. It really helps our show get pushed to more people who are looking for the information that we’re sharing here. We have to share the wealth. If you listen to us on YouTube, make sure you like the episode that you’re listening to right now and subscribe to our channel, then share the channel with somebody else. There are people out there looking for the information you’re listening to right now. So make sure you share it with someone who you know needs it. Now back to the show.

[00:20:22 – 00:20:44]

Nicole Pendergrass: And, and everyone, I want you to know, Kofi has not mentioned it this whole time, but he also has a podcast called Breaking the Glass Ceiling that I think you all should listen to. They talk a lot about mindset in there as well. Can you just tell everyone about Breaking the Glass Ceiling and what you discuss and, and kind of how your podcast is and where to find it?

[00:20:45 – 00:21:45]

Kofi Thompson: Yeah, absolutely. So Breaking the Glass ceiling, it’s on Apple, Spotify, IR radio, all the, you know, podcast, major podcast platforms. And I actually started because for me, I was really impacted in my life from books, other podcasts, like, and just like hearing the right conversations, you know, from the people in positions that I wanted to be able to, you know, strive towards. So, I really saw it as a, you know, a lot of things kind of comes back to my mission. Like I want to be able to help people continue to build not just financially, but also spiritually, emotionally, mentally, and physically. So, I interview people on the podcast and have them share stories about their own obstacles. They will become great things that they’ve built so other people can listen and really just you know, maybe hear a small piece in that or a small code that changes their lives. So, um, yeah, I truly love it. I appreciate you mentioning that.

[00:21:46 – 00:22:34]

Nicole Pendergrass: Yeah, of course. Cause anything that’s going to help everyone listening here, there’s other podcasts that are impactful. I’m all for sharing that this is share the wealth and wealth, I believe is information, um, but just act on that information, right? So, take action. Let’s go into, into these last questions, which is this segment is called Digest with a Guest because our guests leave so many morsels and juicy bits of information, it takes time to really let that get through your system and understand what it is and start implementing and really wrap your mind around it. So, today the first question, Warren Buffett said diversification is protection against ignorance. What do you think he meant by that and that is that a good or bad thing?

[00:22:35 – 00:24:50]

Kofi Thompson: Absolutely. So, diversification is really like one of the principles when it comes to like building wealth that is extremely important, especially if you’re just starting out and you want to go on this journey, but you don’t really know much, like diversifying is one of the best things that you can do. If you ally about like minimizing risks. Like a lot of like building wealth is like making sure you’re like taking enough risks but also mitigating enough risk as possible. So when you diversify, you’re saying, hey, like I’m not gonna place all my eggs in one basket. Like when I, you know, sometimes while I have a conversation with someone and they’ll be like, yeah, I put like all this money in a one stock and it went down and now I don’t like investing anymore. And I’m like, I’m like, well, you know, you realize that like, you put your money into one stock that’s, you know, one company in like one industry of like hundreds of different industries out there. Like you look at the S&P 500, for example, like that is an index of 500 different companies. And that’s just one index. They also have the Dow Jones, which is most 2000s, 2000 different companies. Like these indexes are heavily diversified and they still can be a little volatile. So like when you’re investing like one company, you’re in like 0.01% of like the actual market. Like- Probably less than that. Yeah, probably a lot less than that. But like it’s like, it’s so like you’re- expose yourself to so much risk. And if you don’t really understand investing, if you’re not like going through like as a like a fundamental investor, reading about the company, reading about the profits, doing all those things like that, like it’s really like, you know, the protection against ignorance. Like it’s like, if you don’t know, diversify, lower your risk.  and do all of- If you don’t know, diversify.

[00:24:51 – 00:24:54]

Nicole Pendergrass: If you don’t know, diversify. Oh God, I love that.

[00:24:55 – 00:26:40]

Kofi Thompson: So it’s really like, it’s an amazing approach, especially if you’re not gonna take the time because part of like, you know, doing all these things is like, you know, understanding like how much you wanna put into it. Cause you can build wealth really not knowing much about like all these different securities, all this stuff like that. You can just, you know, diversify, put your stuff into historical things, have the right habits and have consistency. But on the other side of that, I also wanna say that sometimes it’s actually, okay not to diversify in some circumstances. So say for example, I have a lot of clients that are real estate professionals. So for them, it’s definitely, it’s appropriate to have more so like a 70, 30, or like an 80, 20 approach, meaning that like 70 or 80% of their assets may be in this asset class like real estate but that’s because they’ve been doing it for years or decades. They understand this. They know it’s essentially it’s their business. So they know the ins and outs of it. They have the knowledge. They’re not ignorant in this asset class so they can put more assets towards this. Now I all like, sometimes I meet people and they have everything there. And I’m still like, hey, like let’s, you know maybe have 20% somewhere else just, you know to diversify that risk a little bit. But like, since they understand that asset class extremely well, they can be more heavily concentrated. But if you’re not there, and you may get there down the road, but if you’re not there yet, like diversify. It’s one of the best things that you can do. But if you’re a professional, if you’re in depth in understanding one specific asset class, it can be appropriate not to diversify and have a little bit more capital there.

[00:26:41 – 00:27:36]

Nicole Pendergrass: Yeah, I love that. And… I just want to add into there too, that person who invested in one stock and lost all his money and then didn’t, I know that was a fictitious example, but now that he doesn’t want to invest anymore. That’s the person that you guys are going to for advice on how to invest. Make sure you ask questions. Why did they lose all their money? What stocks did they invest in? What other stocks did they invest in? Did they diverse? Like just dig deeper into the questions before you just take somebody’s statement at face value that investing is bad because you didn’t ask further questions to quantify what they were actually telling you. So I wanted to throw that out there. Yeah. In the game of Monopoly, would you buy Boardwalk or Baltic first in your strategy to win the game or get more properties or whatever your strategy would be and why?

[00:27:37 – 00:27:40]

Kofi Thompson: Okay. I’m actually not as familiar with Monopoly as I should be.

[00:27:41 – 00:27:57]

Nicole Pendergrass: Boardwalk is… the most expensive property on the board and Baltic is the cheapest property on the board. So, appropriately they have higher rents and cheaper rents if someone lands on that property, but the cost to acquire is more.

[00:27:58 – 00:30:35]

Kofi Thompson: Ah, okay. Gotcha. All right, in the game of Monopoly, I would probably start off with, huh. I probably start with a boardwalk. I start off with a boardwalk. Yeah, in the game Monopoly, I’d start with a boardwalk. Yeah, definitely. Cause like, I see it as like, all right, I want to get like more to scale. Like I don’t want to get, you know, more properties to scale. I would give a different answer for life. Interesting. Okay. I would personally, like, if I was like investing in like properties and I was, I would get the Baltic property. And the reason why, why that different? Oh yeah. Okay. You were saying, yeah, yeah. So the reason why, like I, I personally, um, have realized that I want to, or I prefer to invest in like nicer things because of the fact that like, it’s more like you can, you’re serving like a different population that like appreciates national things. I also appreciate national things. Like I want to be able to put more. you know, money into an investment to make it look like awesome. I’m, I love aesthetics. Like I love being able to go to a place, like have it look nice. I want to do all that stuff and also be able to charge the premium. For that, you know, things that I’m doing. So like, I personally, like, I just love kind of serving like, or, you know, that hire and, you know, crown them. Um, so, and also just sick having the you know, being able to do all the things aesthetically and like make it kind of, you know, this ultimate, you know, space. That’s like my mindset towards like, you know, real estate when I invest in real estate. So. So then why would you go with Baltic in real life? Um, well, yeah, I go Baltic in real life just because I love like, I love being able to like make the nice thing nice. And I love being able to get like the higher end thing kind of like, you know, make it aesthetically pleasing, doing all that stuff. And I don’t know, there’s just like a certain, like affinity that I have for like aesthetically pleasing. Okay. So as you know, remember Baltic is the cheaper property. Oh, Baltic is the cheaper property. Yeah. Okay. Boardwalks are more expensive. Wait, you said boardwalk in the game, but Baltic in life. Oh, okay. I was trying to figure out what the difference. Yeah, yeah. Boardwalks.

Boardwalk in real life. I need to play that game.

[00:30:34 – 00:31:45]

Nicole Pendergrass: Boardwalk in real life, Baltic in the game. Okay. That makes sense. Yeah, I was, I was gonna get confused. I’m like, all right, let me clarify here. Okay. Cool. Well, I’ll take it in the game, I guess, cause you can get the property faster with the money you already have boardwalk in life. Cause you like the nice things. And I, I agree. I do like the nice things. Okay. Got it. What does. What does wealth mean to you?

[00:31:06 – 00:33:15]

Kofi Thompson: Great question. So wealth to me, you know, means prosperity. And this is something that I always tell my clients like, hey, I will, you know, I’ll get you wealthy. Like that’ll happen. But you also need to make sure that you are, you know, paying attention to your health because like a rich man wants 10,000 things, but a unhealthy man wants one thing. You know, you also want to make sure that you’re paying attention to your relationships in life, because that’s one of the biggest aspects of like happiness and fulfillment. Like, you got to have healthy relationships. You know, being in a space where like you’re, you know, you know, finding something that you can find a purpose and or find fulfillment so wealth to me means like you know, have being prosperous in your health being prosperous financially being prosperous spiritually being prosperous mentally, emotionally and physically, like it’s really encompassing of the holistic picture of, you know, making sure all these areas in your life, these big important areas are, you know, moving in the direction that you want them to ideally go in because that is like, first, and it’s different for everybody. Like not everyone needs a hundred million dollars to be wealthy, but if you’re able to, you know, spend time with the people you care about, Um, have the money to support, you know, the basic needs of all the things you need to be doing, have a little bit more to, you know, take a vacation. Like that may only be, you know, a couple hundred thousand dollars or maybe my, I have my skills, but then they only be like 80, $90,000 a year. That’s totally fine. Yeah. But like, that’s totally fine. And like, it’s like really getting to this place where like, you know, you have all those buckets filled up for yourself and you’re able to live the life you want to. And that’s true wealth. Like I believe it’s, you know, having abundance in all those really important areas, not necessarily having only, you know, a hundred million dollars your bank count and then having a terrible relationships, you know, terrible health, all those things. Like that’s, that to me is not a person that’s truly wealthy. You may be rich, but you’re not truly wealthy. Nice. I actually, I love that. You may be rich, but not wealthy.

[00:33:16 – 00:33:50]

Nicole Pendergrass: Okay, each guest to leave a question for the next guest, not knowing who that’s going to be. So my last guest ask this question for you. Knowing what you know now, what do you wish you would have done differently a few years ago? And if you did do it differently, how would that affect your life or have changed your life today? How do you think your life today would have would be different if you did that thing, whatever that thing was?

[00:33:17 – 00:35:08]

Kofi Thompson: Yeah, that’s a great question. So this is, yeah, for me personally, I would say that like, I would want to, one thing I’m trying to get better at is like documenting my journey. I feel like I have like, I think, you know, in some respects I have, but like, I think I could do better at that documenting my journey and like, I wish I had done that from like day one of like my personal, can I start my personal growth journey like 10 years ago? Actually, maybe probably like eight, nine years ago, but almost 10. So, but like day one, like documenting like, you know, my feelings, the experiences, the thoughts that I was having, like, I feel like that is just so, like we oftentimes discredit like how impactful that can be because now. One, like you can look back and truly see your progress, but also two, like, you know, that’s something that someone else may pick up and read one day and be like, wow, like this is how I’m feeling right now. This is exactly where I’m at. And this person was able to get here and they were exactly where I’m at. So like that’s something I’m really trying to get better about, but like really documenting.

[00:35:09 – 00:35:20]

Nicole Pendergrass: Yeah. So how would you document? That was my follow-up question just personally. So is that, are you referring to like journaling? You’re talking about video? Like, are you…documenting privately or publicly? Like what’s your thoughts on that?

[00:35:21 – 00:35:33]

Kofi Thompson: That’s a good question. So yeah, more journaling, absolutely. And then also like more sharing publicly about like the experiences that like I’m having. Yeah, both of those.

[00:35:34 – 00:35:55]

Nicole Pendergrass: Okay, great. Well, that was just my extra throw in. Okay, so you would like to, no, I would like to, I need you to come up with a question for the next guest. Guests that they can answer and they can be anything. It doesn’t have to be business related, it could be personal fun.

[00:35:56 – 00:36:37]

Kofi Thompson: The next, the next guest. Okay. All right. Um let me see here. What is one thing that you have been scared or hesitant about doing? That, you know, Or what is one thing that you like then overanalyzing and you’ve kind of gone into analysis paralysis about doing that you know could you know could be a huge benefit for your life. Yeah. Yeah. What is one thing that you really been over that?

[00:36:38 – 00:38:25]

Nicole Pendergrass: I got it. Yeah. This is a good one. And I know who the next guest is. So I’m excited to ask him this question. Yes. Oh no, that’s great. Thank you again. That that wraps up our questions, everyone listening, but my my wealthpreneurs. Thank you for being with us and tuning in. And if you are new here at episode and gave you any gems and all these different bits and pieces and morsels to consume and digesting information and kind of something actionable tips on how to kind of make sure that you are on the right path to the filling the life that you desire financially and making sure your money is in that way and and the money Mindset that is in alignment with goals that everything that you have in life. Please, like share this episode with someone who also Also, needs to hear it. You’re the Epic 6 given information that was in this episode of to hear what Kobe had to say, and go like And subscribe. If you’re on YouTube, leave us a rating and review on Apple wherever you listen to the platform. This make sure you show us a little bit of love and share the wealth with someone else so that they can also benefit from the information provided here. Today, thank you again Kofi, we really appreciate you coming on and sharing information with us. And I know there’s going to be people. Oh, how can people reach out to you that they want to like, talk about potentially even being a client or following you on social media or wherever else to get more information about how to work with you potentially?

[00:38:26 – 00:39:02]

Kofi Thompson: Yeah absolutely. So, you can find me on LinkedIn or Facebook as Kofi Thompson, also on Instagram as Kofi, the creator of my podcast breaking the glass ceiling. Feel free to email me at right now it’s kaythompson@NYC.com. Yeah. Feel free to reach out. If you have questions, you want to dive into finish shopping. So I’m going to learn about this stuff. I love it, many Florida. See it could be a good fit, you know, working together more than happy to have a conversation about that as well too.

[00:39:03 – 00:39:17]

Nicole Pendergrass: Perfect. Perfect. We will also have all of those links in the show notes. So, if you don’t remember it, you’re walking around, driving whatever you’re doing. Just visit the shows later. You will see it there and thank you again Kofi. I really appreciate all the time.

[00:39:18 – 00:39:21]

Kofi Thompson: Absolutely, this is awesome. I appreciate you having me on.

[00:39:22 – 00:39:29]

Nicole Pendergrass: All right well the doors I will see you in the next episode until then stay wealthy!

[00:39:30 – 00:40:06]

Outro: Did you love this episode of share the wealth show? Be sure to connect with Nicole by following her on LinkedIn, Instagram, or Facebook. If you picked up any of the gems that were dropped by today’s guests, make sure you not only put them in your bag, but if you know of someone who would benefit from this information. Don’t keep it to yourself. Share the wealth, and make sure to leave us a rating and review. We’ll see you for next week’s episode. Subscribe so you’ll be notified.