Blue Collar Wealth Club

Shena & Jerry Garcia
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Blue Collar Wealth Club

Welcome to the Blue Collar Wealth Club Podcast, where we celebrate the hardest workers in America—blue-collar business owners like you. Are you ready to transform your hard work into a successful business and lasting wealth? Join us as we unveil the secrets the wealthy keep to themselves. We will share real-life experiences and strategies designed to help you build a business and a life you love. Let's make your hard work pay off, long after you retire.

  1. 3 DAYS AGO

    50. Don't Take It So Personal

    In this episode of the Blue Collar Wealth Club podcast, hosts Jerry Garcia and Shena White discuss the critical role of feedback in business. They emphasize the importance of accepting feedback without taking it personally, viewing it as an opportunity for growth and improvement. The conversation covers various sources of feedback, including customers, employees, and external advisors, and highlights the need for effective communication and a mindset shift to embrace constructive criticism. The hosts share personal anecdotes and practical advice on how to create a culture of feedback within organizations, ultimately leading to better business outcomes. Takeaways Feedback is essential for business improvement.Taking feedback personally can hinder growth.Understanding the source of feedback is crucial.Communication is key to customer satisfaction.Positive feedback should be recognized and maintained.Employees need a platform to share their feedback.Constructive criticism helps employees grow.External feedback can accelerate business growth.Mindset shifts are necessary to accept feedback.Feedback is a two-way street between leaders and employees. Chapters 00:00 The Importance of Feedback in Business 06:45 Understanding Employee Feedback 12:27 Receiving Feedback from External Sources 18:59 The Mindset Shift in Accepting Feedback

    22 min

  2. 5 DAYS AGO

    49. How Your 'Why' Drives Your Brand Promise

    In this conversation, Shena and Jerry discuss the significance of understanding your 'why' in business and how it fuels your brand promise. They explore the importance of crafting a strong brand identity that resonates with customers, using examples like Apple and Zune to illustrate how a compelling 'why' can lead to lasting success. The hosts emphasize the need to attract the right clients and build a strong foundation for business growth, encouraging listeners to reflect on their best and worst client experiences to refine their brand messaging. Takeaways Understanding your 'why' is crucial for business success.A strong brand promise differentiates you from competitors.Apple's success is rooted in its clear 'why'.Price should not be the primary selling point.Attract clients you enjoy working with.Reflect on your best and worst clients to refine your brand.Building a strong foundation is essential for growth.Your 'why' helps you navigate tough times.Creating a brand promise can lead to a loyal customer base.Doing what others aren't can set you apart in the market. Chapters 00:00 Understanding Your 'Why' and Its Importance 09:00 Crafting Your Brand Promise 17:03 Attracting the Right Clients Through Your Brand

    21 min

  3. DEC 12

    48. End of Year Planning

    In this episode of the Blue Collar Wealth Club podcast, hosts Shena White and Jerry Garcia discuss essential tasks to complete before the end of the year, focusing on financial compliance, tax strategies, and proactive planning for 2025. They emphasize the importance of filing beneficial ownership information, preparing for tax obligations, and implementing best practices for subcontractor management. The conversation encourages listeners to take action now to ensure a smooth transition into the new year and to set clear goals for business growth. Takeaways Complete your beneficial ownership information filing before January 1.Fines for non-compliance with BOI can reach $595 per day.Tax strategy discussions should happen before December 31.Investments made before year-end can reduce tax liability.Get W9 forms from subcontractors before issuing payments.1099 forms must be sent to subcontractors by January 31.Use QuickBooks for easy management of vendor payments and 1099s.Proactive planning for 2025 should start in Q4 of 2024.Draft projections for 2025 should be completed by year-end.Having a clear plan for the new year reduces stress post-holidays. Chapters 00:00 Preparing for Year-End Financial Obligations 07:30 Tax Strategies and Planning Ahead 14:30 Proactive Planning for 2025

    17 min

  4. DEC 10

    47. Gold Star Ride with Tony Price

    In this episode of the Blue Collar Wealth Club podcast, host Jerry Garcia speaks with Tony Price, the executive director of the Gold Star Ride Foundation. Tony shares his journey of riding across the country to support Gold Star families—those who have lost loved ones in military service. He discusses the foundation's mission, the various ways they assist these families, and the personal stories that have shaped his commitment to this cause. Additionally, Tony talks about his book, 'Yours Very Sincerely and Respectfully', which captures his experiences and insights from his rides. They discuss the significance of the book's title, the importance of 501(c)(3) organizations for tax benefits, and the impactful work of the Gold Star Ride Foundation in supporting families of fallen soldiers. Tony shares personal stories that highlight the emotional connections formed with Gold Star families and the profound impact of his visits. Takeaways The importance of giving back to the community is emphasized.The Gold Star Ride Foundation supports families of fallen military heroes.The foundation helps with practical needs like rent and groceries.Tony's journey began with a motorcycle ride that changed his life.501(c)(3) organizations can provide significant tax benefits.The book title, 'Yours Very Sincerely and Respectfully', is inspired by the Bixby Letter from Lincoln. Book Yours Very Sincerely and Respectfully by Anthony Price Contact Website: goldstarride.org Facebook: facebook.com/goldstarride2017 YouTube: youtube.com/channel/UCSy-IjEMmZBSJ0shyPOr8GA

    31 min

  5. DEC 5

    46. How to Buy a Home with Little to No Income

    In this episode, Jerry Garcia discusses the intricacies of obtaining mortgages as a business owner, highlighting the challenges faced due to tax strategies that lower reported income. He explains various types of mortgages, including FHA, VA, and USDA loans, and introduces alternative lending options such as bank statement loans and portfolio lending. The episode emphasizes the importance of understanding these financial tools for building wealth through real estate. Takeaways Business owners often face challenges in securing mortgages due to tax strategies.VA loans offer significant benefits, including no down payment.FHA and conventional loans allow for lower down payments than commonly believed.USDA loans can finance properties in eligible rural areas.Bank statement loans can help business owners qualify based on actual deposits.Portfolio lenders provide more flexibility in loan terms and underwriting.DSCR loans are ideal for investment properties, focusing on cash flow rather than personal income.Understanding different mortgage types is crucial for effective wealth building.Real estate ownership is a key strategy for building long-term wealth.Consulting with knowledgeable lenders can open up more opportunities for financing. Chapters 00:00 Understanding Mortgages for Business Owners 06:08 Challenges for Business Owners in Securing Mortgages 11:46 Portfolio Lending and Its Benefits 17:53 Conclusion: Building Wealth Through Real Estate

    21 min

  6. DEC 3

    45. Becoming a Private Lender with Jay Conner

    In this episode of the Blue Collar Wealth Club podcast, host Jerry Garcia interviews Jay Conner, The Private Money Authority, who shares his journey into the world of private money and real estate investing. Jay discusses the importance of educating potential lenders, how to attract private money without asking, and the strategies business owners can use to leverage private lending for growth. He emphasizes the need to raise money before it's needed and provides valuable resources for listeners interested in learning more about private lending and wealth building. Takeaways Private money has transformed Jay's real estate business since 2003.Desperation is the worst time to seek private money.Educating potential lenders is key to attracting private money.You don't need to ask for money; just share the opportunity.Building relationships is crucial in private lending.Self-directed IRAs can be a powerful tool for private lenders.Business owners can also benefit from private lending strategies.It's important to know who you are lending to.Private lenders should be protected just like banks.Raising private money is about teaching, not pitching. Chapters 00:00 Introduction to Private Money and Real Estate Investing 06:07 The Importance of Educating Potential Lenders 12:07 How Business Owners Can Utilize Private Lending 18:13 Building Wealth Through Private Lending 24:10 Resources and Recommendations for Learning Books University of Success by Og MandinoThe Success Principles by Jack Canfield Contact privatemoneychallenge.com

    31 min

  7. NOV 26

    44. Five Years to Freedom - Part 3

    In the final part of this series, Jerry discusses various strategies to generate income and build wealth. Part One focused on mindset shifts and transitioning from being self-employed to a business owner. Part Two explored determining the financial freedom number and how to achieve it. Now, Part Three delves into specific strategies, including real estate investments, syndications, and acquiring businesses, to generate cash flow and build long-term wealth. Jerry emphasizes the importance of efficiency, systems, and finding opportunities in the market. Takeaways Transition from being self-employed to a business owner to achieve financial freedom.Determine your financial freedom number and develop strategies to reach it.Consider real estate investments, syndications, and acquiring businesses as ways to generate cash flow and build long-term wealth.Focus on efficiency, systems, and finding opportunities in the market to maximize returns. Chapters 00:00 Transitioning from Self-Employed to Business Owner 00:30 Determining and Reaching Your Financial Freedom Number 05:44 Syndications: Pooling Money for Property Investments 09:02 Acquiring Businesses for Cash Flow and Wealth Building 11:59 Finding Opportunities in Undervalued Businesses 13:25 Maximizing Returns through Efficiency and Systems

    16 min

  8. NOV 21

    43. Five Years to Freedom - Part 2

    In part two of the series, Jerry discusses the concept of financial freedom and the importance of knowing your financial freedom number. The financial freedom number is the amount of passive income needed to cover all monthly expenses and desired lifestyle choices. The host emphasizes the need to think beyond just surviving and instead focus on building a lifestyle that you want. The conversation also touches on the limitations of traditional retirement methods and the importance of diversifying investments. The host recommends reading the book 'Rich Dad Poor Dad' by Robert Kiyosaki for a mindset shift towards passive income and wealth creation. Takeaways Know your financial freedom number, which is the amount of passive income needed to cover all monthly expenses and desired lifestyle choices.Focus on building a lifestyle that you want, rather than just surviving.Traditional retirement methods may not be sufficient, so it's important to diversify investments and explore alternative income streams.Read 'Rich Dad Poor Dad' by Robert Kiyosaki for a mindset shift towards passive income and wealth creation. Chapters 00:00 Understanding Your Financial Freedom Number 03:26 Building the Lifestyle You Want 05:22 The Limitations of Traditional Retirement 08:18 Diversifying Investments for Financial Freedom 09:41 The Cash Flow Quadrant: Earning Money Passively

    14 min
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About

Welcome to the Blue Collar Wealth Club Podcast, where we celebrate the hardest workers in America—blue-collar business owners like you. Are you ready to transform your hard work into a successful business and lasting wealth? Join us as we unveil the secrets the wealthy keep to themselves. We will share real-life experiences and strategies designed to help you build a business and a life you love. Let's make your hard work pay off, long after you retire.

Information

  • Creator
    Shena & Jerry Garcia
  • Years Active
    2K
  • Episodes
    50
  • Rating
    Clean
  • Copyright
    © All rights reserved.
  • Show Website
    Blue Collar Wealth Club

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