Melanin Money Show

Melanin Money Media
  • 4.9 (185)
  • Investing
  • Updated Daily

The Melanin Money Show is the official destination for aspiring Melanin Millionaires. You’ll learn Entrepreneurship, Wealth building and Personal Finance insights to take your money and life to the next level.

  1. Jul 15

    How to Pick Winning Stocks: Buy the Business, Not the Ticker | Episode 257

    Most people pick stocks based on price. Smart investors pick stocks based on the business behind them. In this episode, Carter Cofield (CPA) and George Acheampong break down the 5 business principles they use to run their own company — and show you how applying those same principles to stock picking can make you a far better investor. In this episode you'll learn: 📊 Why reviewing your P&L and balance sheet tells you more about a stock than the news does 🎯 Why "hire slow, fire fast" applies directly to picking (and dropping) stocks 🚀 Why innovation is the difference between the next Apple and the next Blockbuster 💰 How diversifying revenue streams in a business mirrors diversifying your portfolio 📈 Why keeping your top-performing stocks (and avoiding unnecessary capital gains tax) builds real long-term wealth 🏢 The Warren Buffett principle behind it all: don't buy the stock, buy the business This is a must-watch if you've ever picked a stock based on price alone and wondered why it didn't perform. ⚠️ This is not financial advice. Please consult a licensed advisor for your specific situation.

  2. Jul 8

    Extra Income? Don't Day Trade It, Do This Instead ! | Episode 256

    Get Your Tickets To Wealth Weekend 2026 Here : http://wealthweekend2026.com/?el=yt_mms60326&utm_source=yt&utm_medium=mms080726 You're earning well and sitting on extra capital — but is day trading actually the smartest way to grow it? In this episode of the Melanin Money Show, Carter Cofield (CPA & Financial Advisor) and George Acheampong (Financial Advisor) break down why concentrating on your career or business — not chasing short-term trades — is the real wealth-building lever for high earners with surplus income. We'll also cover: Should you day trade or invest long-term with your extra income? — The "wealth triangle" framework: concentrate to get rich, diversify to stay rich. Plus how to use long-term options (LEAPS) if you still want to scratch the trading itch. Should you borrow against your whole life insurance policy to invest? — How non-direct recognition loans work, why your $100K cash value keeps earning interest while you invest it elsewhere, and the real break-even timeline most agents won't tell you. How many LLCs do you need for 3 rental properties? — The $250K equity-per-LLC rule, how a Wyoming holding company gives you full anonymity, and why Texas series LLCs can save you thousands in annual fees. Did your CPA cost you a $150K tax deduction? — Why skipping the cost segregation study on your short-term rental could mean leaving six figures on the table, and how to fix it with an amended return before the October 15 deadline. Should you still contribute to a 401K if your employer gives you a 5% match for free? — The exact order to stack your accounts: employer match → Roth IRA → HSA → brokerage → 401K. ⚠️ This is not financial advice. Please consult a licensed advisor for your specific situation. Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

  3. Jul 6

    You Feel Overworked And Underpaid? Take More Risk and Make Millions! | Episode 255

    Get Your Tickets To Wealth Weekend 2026 Here : http://wealthweekend2026.com/?el=yt_mms60326&utm_source=yt&utm_medium=teriijeoma Order Teri's Book " A Risk Worth Taking " Here 👇 https://www.amazon.com/exec/obidos/ASIN/163763465X What does it take to go from assistant principal to a 9-figure net worth trader? Teri Ijeoma is living proof that the biggest risk you'll ever take is the one you don't. In this episode of the Melanin Money Show, recorded live at the New York Stock Exchange, we sit down with one of the most impactful Black women in the investing and trading space. Terry Latrice built a trading empire from scratch, helped create millionaires out of everyday people, and is now releasing her debut book — The Risk Worth Taking — to reach even more people who never thought the stock market was for them. This is not your average trading conversation. This is a masterclass on risk, identity, wealth building, and what it really means to bet on yourself when everything is on the line. In this episode you'll learn: How Terri went from assistant principal to generating over a million dollars in a single trading day. Why Black women are statistically the least likely to take financial risk — and how that fear is costing them generational wealth. Why the strategies that build your wealth are completely different from the ones that will preserve it! How to think about opportunity cost so that fear stops making your financial decisions for you Why over 600,000 unemployed Black women are sitting on severance and savings that could be working for them right now! and more! Follow Teri Ijeoma on Instagram : https://www.instagram.com/teriijeoma?igsh=NTNrazh3cXdoY29w Timecodes: 0:00 - Nine Figures From Nothing 1:05 - Welcome to Melanin Money Show 1:25 - Hotel Room to New York Stock Exchange 2:13 - Why She Wrote the Book 3:32 - From Principal to Million Dollar Trader 4:14 - Granny's Bet Changed Everything 5:24 - Million Dollars in One Day 6:18 - Amazon Driver Became a Millionaire 7:28 - Your Obedience Unlocks Someone's Destiny 8:38 - Why Black Women Avoid Risk 9:09 - Sacrifice Kills Your Risk Tolerance 10:09 - How to Take Smart Risk 11:14 - The Opportunity Cost of Fear 12:22 - How Terry Diversifies Her Wealth 13:00 - Real Estate Land and Venture Capital 14:05 - SpaceX Created 4000 Millionaires Today 14:28 - Save for Opportunities Not Emergencies 15:01 - The $24K Loss That Built Her 16:14 - Elon Gave SpaceX 10% Odds 17:29 - The Biggest Risk She's Taking Now 18:46 - Four Years to Write One Book 20:19 - Penguin Random House Called. She Almost Said No. 21:30 - Why She Made It a Love Story 23:34 - There's a Cute Guy in the Book 24:00 - The Secret Romance Nobody Knew 25:48 - Book Tour Hits Four Major Cities 26:30 - This Book Tour Feels Like Class 28:09 - What Black Billionaire Really Means 29:29 - Shattering Ceilings for the Next Generation 30:19 - 600K Black Women Fear Investing 31:00 - 100K Views Equals 100 Free Books 31:43 - Full Circle Moment at the NYSE Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

  4. Jun 24

    If You Listen To Bad Money Advice, The Future You Pays! | Episode 254

    Get Your Tickets To Wealth Weekend 2026 Here : http://wealthweekend2026.com/?el=yt_mms60326&utm_source=yt&utm_medium=chrisjckson Let's break down the most costly retirement and tax mistakes people are making right now — including one financial advisor who told a client two years from retirement to withdraw $900K from her IRA and dump it all into an annuity. That one recommendation would have triggered a $400K+ tax bill before she saw a single dollar of guaranteed income. We break down exactly why that advice was dead wrong and what she should have done instead. We also cover: — Whether you can contribute to a backdoor Roth IRA if you already have a Roth 401K with your employer — The difference between a self-directed IRA and a regular IRA and which one is right for you as you approach retirement — S Corp vs C Corp — which entity structure saves you more when your business is generating millions in profit — The CPA mistake that could cost you an entire year of S Corp tax savings without you even knowing — Why going 1099 instead of W2 might actually be the smartest retirement move you haven't considered yet Whether you're trying to protect your retirement savings, reduce your tax bill, or just make sure your money is working as hard as you are — this episode is exactly what you need to hear before you make another financial move. Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

  5. Jun 17

    Your Job Will Never Make You Wealthy - Until You Do This! | Episode 253

    Most people are one wake-up call away from building real wealth in the stock market — they just haven't had theirs yet. In this episode, filmed live at the New York Stock Exchange, we sat down with Chris, a 6-year trading veteran who spent 15 years grinding through corporate America before discovering the stock market changed everything. Chris went from making $11/hour at Citibank with a $6 raise over nine years, to trading his way to $84,000 in a single day. This conversation is raw, real, and packed with lessons you won't hear from most finance influencers — including how he almost blew up his account chasing AMD, why he compares his trading strategy to a relationship, and the powerful moment his wife's car title became the turning point that changed his family's financial future forever. Whether you're brand new to investing, curious about options trading and technical analysis, or trying to figure out how to make your money work harder than you work for it — this episode is for you. Timecodes : 00:00 — Build Wealth While Clocking In 01:02 — Welcome to the NYSE | Meet Chris Jackson 03:23 — Nine Years. Six Dollar Raise. He Snapped 06:00 — How Corporate America Keeps You Broke 08:03 — The Car Title That Changed Everything 11:11 — A Wine Tasting That Sparked His Trading Career 14:50 — The Strategy That Makes Trading Make Sense 21:33 — Behind the Numbers | His $84K Day 24:27 — The $5K Loss That Woke Him Up 26:24 — Why Faith and Finances Are Connected 33:07 — How He's Teaching Others to Trade Free 34:55 — What It Means to Be a Melanin Millionaire Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

  6. Jun 10

    You Selling Your Stocks Is Actually the Wrong Move! ( DO THIS INSTEAD) | Episode 252

    Get Your Tickets To Wealth Weekend 2026 Here : http://wealthweekend2026.com/?el=yt_mms60326&utm_source=yt&utm_medium=mms60326 The stock market just exposed millions of investors — and most don't even know it yet! Whether you're just getting started or you've been investing for years, these five mistakes will cost you significantly if you keep making them — and knowing them now could change the trajectory of your entire financial future! Timecodes: 00:00 – Stop Selling Gains! 01:28 – Stop Timing The Market 03:15 – Carter's Palantir Story (Real Talk) 04:36 – Missing 10 Days Cuts Returns 50% 05:18 – Base Hits Build Wealth 07:28 – Stop Chasing The Next Hot Stock 09:06 – Dollar Cost Averaging Wins 11:06 – Diversification Saves Portfolios 12:46 – The Quote That Changes Everything 14:10 – Borrow Don't Sell 15:24 – Keep Your Portfolio AND Buy More 17:14 – Flip These Mistakes Into Strategies Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

  7. May 28

    If You Don't Have Wealth by 2030, It May Be Too Late! | Episode 251

    https://www.joinwealthworkshop.com/register?el=videocrissain&utm_source=direct_to_ticket&utm_medium=yt If you're not actively building wealth right now, the window to do it may be closing faster than you think. With AI eliminating millions of jobs, the cost of living skyrocketing, and the wealth gap widening every single year — the next five years will determine your financial future for the rest of your life. We sit down with Xavier Miller — Air Force veteran, real estate investor, digital asset investor, and founder of the Millionaire Mindset Podcast with over 10 million downloads — to break down exactly what it takes to go from a broke mindset to a millionaire mindset, why 2030 is the deadline you need to take seriously, and the specific moves you need to make right now to protect your financial future. Timecodes: [0:00] Intro – Xavier Miller [1:51] Broke Mindset vs. Millionaire Mindset [3:01] How to Maintain Desire When Life Hits [4:09] Discipline Your Environment [7:30] How the Military Forced Xavier's Wake-Up Call [9:24] The Moment He Decided to Change [10:29] How to Bring Future Pain Into the Present [13:22] Why Most People Start Too Late [15:01] Write Your Will — The Exercise That Humbles You [18:32] It's Never Been Easier to Make Money or Do Nothing [19:44] Why Getting Wealthy Is About to Get Much Harder [22:05] The Mouse, the Cheese & the Cat (Why Fear Motivates) [25:29] Where to Start If You Feel Overwhelmed [29:52] Crypto vs. Real Estate — Xavier's Bet [34:39] Why Black People Can't Afford to Wait [39:23] Top Traits of Ultra-Successful People [44:04] You Cannot Be Soft in Business [46:23] Tough Conversations Make You Richer [50:09] What Being a Melanin Millionaire Means Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

  8. May 20

    What To Do With Your First Six Figures (Before You Blow It) | Episode 250

    Join us for the 5-Day Wealth Workshop and learn how to apply what you’ve heard on the show. Sign up here ⬇️ https://www.joinwealthworkshop.com/register?el=videocrissain&utm_source=direct_to_ticket&utm_medium=yt You finally crossed six figures — now what? In this episode of the Melanin Money Show, wealth manager George Acheampong and financial strategist Carter Cofield go head to head in a versus format, answering your most pressing money questions live. They break down the exact financial moves you should make once you hit six figures, why having $275,000 sitting in a bank account is actually a risky move, and the real difference between an S Corp and a C Corp for business owners doing a million dollars in revenue. They also tackle RSUs and what to do before they vest, whether a revocable trust actually protects your business, and the W2 versus 1099 debate that every high earner needs to understand before making the switch.

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4.9
out of 5
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About

The Melanin Money Show is the official destination for aspiring Melanin Millionaires. You’ll learn Entrepreneurship, Wealth building and Personal Finance insights to take your money and life to the next level.

Information

  • Creator
    Melanin Money Media
  • Years Active
    2021 - 2026
  • Episodes
    308
  • Rating
    Explicit
  • Copyright
    © Copyright 2021 All rights reserved.
  • Show Website
    Melanin Money Show

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