Episode Description
“You don’t need to be wealthy to build wealth”. In this episode, I brought in my good friend Jennifer Ives Grimson.
Jennifer was a single mother who lost everything...twice. The second time, she rebuilt by creating small “empires” for financial independence. She created over $1.4m in income-producing investments with nothing more than a W2 and grit. In 2020, Jennifer created the Micro Empires Podcast to share her story and to pull back the curtain on the path to financial independence.
Let’s jump right into Jennifer’s story and find out how she built her micro empire.
Key Takeaways:
Opening Segment - [00:01 - 05:19]
How Jennifer lost everything... TWICE!
Jennifer’s journey to financial literacy
What was your money culture growing up? - [05:20 - 10:29]
I love working, I love the freedom of having money.
You have to work very hard, be conservative, save everything.
Money can be used to abuse, to withhold, to trap and when you have your own money or at least understand it, you always have a way out.
How to manipulate tools when building your micro empire - [10:30 - 22:40]
How to borrow from your 401k without penalty or tax.
Surrounding yourself with people who look like you.
Overcoming fear; find one person you can connect with.
Lightning Round and Closing Segment - [22:41 - 29:08]
What is your superpower as it relates to your business?
What are your philanthropic endeavors?
Get in touch with Jennifer. See links below
Tweetable Quotes:
“You don’t want to partner with somebody who thinks about themselves first.” - Jennifer Ives Grimson
“Money can be used to abuse, to withhold, to trap and when you have your own money or at least understand it, you always have a way out.” - Jennifer Ives Grimson
Resources Mentioned:
You can connect with Jennifer on her website (http://www.micro-empires.com/) or email her at jennifer@micro-empires.com. Listen to her podcast, Micro Empires (https://apple.co/3b5LD8U)
Join the MFIN Summit and use our promo code: QUATTRO
LEAVE A 5 STAR REVIEW + help someone who wants to explode their business growth by sharing this episode. Find out how team Quattro can help you by visiting www.TheQuattroWay.com.
Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.
Join the MFIN Summit and use our promo code: QUATTRO
LEAVE A 5 STAR REVIEW + help someone who wants to explode their business growth by sharing this episode. Find out how team Quattro can help you by visiting www.TheQuattroWay.com.
Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.