Earn Your Leisure

Earn Your Leisure

Welcome to The Earn Your Leisure Podcast. Rashad Bilal and Troy Millings will be your host. Earn Your Leisure will be giving you behind the scenes financial views into the entertainment and sports industries as well as highlighting back stories of entrepreneurs. We will also be breaking down business models and examining the latest trends in finance. Earn Your Leisure is a college business class mixed with pop culture. We blend the two together for a unique and exciting look into the world of business. Let’s go!! #earnyourleisurepodcast

  1. 8 HR. AGO

    HOW TO BECOME A MILLIONAIRE BY CREATING 7 STREAMS OF INCOME FROM ONE BUSINESS

    In this clip of EYL, Rashad Bilal delves into the intricacies of the restaurant business and why it's often considered one of the most challenging ventures to succeed in. Through relatable analogies and practical advice, Rashad breaks down the core reasons behind the high failure rates in the restaurant industry and offers insightful solutions for budding restaurateurs. Rashad kicks off the discussion by highlighting the numerous expenses associated with starting and running a restaurant. From securing a retail space and outfitting it with industrial kitchen equipment to maintaining sanitation and hiring staff, the initial capital required can be quite daunting. Moreover, he explains how fluctuating income streams, combined with consistently high expenses, often lead to the downfall of many restaurants. One of the core solutions Rashad offers is the concept of the Minimum Viable Product (MVP). Instead of diving headfirst into a full-fledged restaurant, he suggests starting with a ghost kitchen—a cost-effective approach that gained popularity during the COVID-19 pandemic. Ghost kitchens allow aspiring restaurateurs to rent industrial kitchen space and focus solely on food preparation for delivery services like Uber Eats, thus significantly minimizing initial costs and risks. Rashad also emphasizes the importance of diversifying income streams within one business rather than juggling multiple ventures. For restaurants, he outlines seven potential revenue streams: 1. Dining-in 2. Delivery services (e.g., Uber Eats) 3. Cooking classes 4. Online cooking podcasts and videos 5. Merchandise sales 6. High-ticket coaching sessions for aspiring restaurateurs 7. Selling branded food items, such as spices and sauces By leveraging these varied income sources, restaurant owners can create a more sustainable and resilient business model. Throughout the episode, Rashad provides a wealth of practical tips and actionable advice, making it an invaluable resource for anyone looking to thrive in the restaurant industry or any other high-stake business. If you're an entrepreneur aiming to diversify your skills, manage your business more effectively, or simply understand the complexities of the restaurant world, this episode is a must-watch. Tune in to gain a deeper understanding of how to navigate the challenging yet rewarding landscape of the restaurant business, and don't forget to like, comment, and subscribe for more insights from EYL Medium. *Hashtags:* #EYL #Entrepreneurship #RestaurantBusiness #GhostKitchen #SmallBusiness #StartupAdvice #IncomeStreams #BusinessTips #CookingClasses #Podcasting #Merchandise #OnlineBusiness #RashadBilal #EYLMedium Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

    9 min
  2. 1 DAY AGO

    How Complex Became a $100 Million Media Empire

    In this exclusive interview, we sit down with Moksha Fitzgibbons, the President of Complex, for a behind-the-scenes look at one of the most influential media brands in pop culture today. Moksha dives deep into the inner workings of Complex, from the evolution of ComplexCon—an event that blends music, fashion, and culture like no other—to the complexities of guiding a company that’s changed ownership three times. He shares what it takes to keep Complex relevant and innovative in an industry that’s constantly shifting. We also explore the larger landscape of digital media and how Complex has navigated the challenges of a rapidly changing market. From staying true to its brand values to adapting to new platforms and technologies, Moksha offers insights into the strategies and mindset that have helped Complex maintain its position as a leader in media. This conversation sheds light on the future of media, the impact of ownership changes, and the vision guiding Complex forward.  Whether you're interested in media, business, or pop culture, this is a conversation you don’t want to miss. Tune in for a rare glimpse into the world of Complex and gain valuable insights on the present and future of the media landscape! #ComplexMedia #MokshaFitzgibbons #ComplexCon #MediaLandscape #MediaIndustry #ComplexInterview #DigitalMedia #MediaBusiness #ContentCreation #PopCulture #ComplexNews Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

    1h 1m
  3. 5 DAYS AGO

    Smartest Financial Moves Every Parent Should Make to Secure Their Kid’s Future

    Welcome to another insightful clip of EYL! In this clip, hosted by Rashad Bilal and Troy Millings, we are joined by financial experts Carter Cofield and George Acheampong Jr. to discuss critical strategies in planning for your children's financial future. Planning for your child's future is one of the essential responsibilities of parenthood. Whether you're looking to save for college, insurance, or other future investments, there are numerous ways to set up your children for success. Our guests break down these financial strategies into simpler terms, making it easier for you to understand and implement them. *Key topics covered in this episode:* 1. **Custodial Accounts**: Discover how setting up custodial brokerage accounts can provide long-term benefits for your children and why starting from a young age offers a significant advantage due to the compounding effect over time. 2. **Life Insurance for Kids**: Learn about the benefits of taking life insurance policies on your kids while they are young and healthy. This approach could offer them financial stability early in life. 3. **529 Plans**: George and Carter discuss the advantages and limitations of 529 educational savings plans, including the latest updates that allow converting them to Roth IRAs. 4. **Hiring Your Kids**: Carter introduces a lesser-known but highly effective strategy of hiring your children in your business as a means of tax efficiency and skill education, setting them up with substantial sums in Roth IRAs by the time they turn 18. 5. **Asset Allocation**: Gain valuable insights into asset allocation, with recommendations on saving, spending, and investing percentages for different income brackets. George highlights the importance of increasing your Savings rate as your income grows to expedite your financial independence. *Special Quotes from the Episode:* "The number one thing in investing that you have in your favor is time." - George Acheampong Jr."Retirement is not an age, it is a number. The faster we get you there, the faster you can do whatever you want." - Carter Cofield Tune in to this episode of EYL Medium to get comprehensive advice on setting your children up for a financially successful future. Whether you're a new parent or planning to be one, this episode is packed with expert advice and actionable insights that can help you make smarter financial decisions. *Make sure to like, comment, and subscribe to stay updated with our latest content!* Hashtags: #EYLMedium #FinancialPlanning #ChildrensFuture #Investing #CustodialAccounts #LifeInsurance #529Plans #HiringYourKids #AssetAllocation #FinancialIndependence #MelaninMoney #TaxTips #BusinessStrategies #FinancialLiteracy Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

    10 min
  4. 6 DAYS AGO

    Trusts vs. Wills: The Ultimate Guide to Protecting Your Legacy

    Welcome to another enlightening clip of EYL! Today, we dive deep into the crucial topic of estate planning with our esteemed guests, Melanin Money, Carter Cofield, and George Acheampong Jr., guided by our hosts Ian Dunlap and Rashad Bilal. Understanding the difference between a trust and a will can be overwhelming, but it's essential for effective estate management and wealth preservation. *Key Highlights:* 0:00 - *Episode Introduction* Ian opens the conversation about the significance of estate planning and the general confusion around trusts and wills. 0:17 - *Unpacking Wills and Trusts* George Acheampong Jr. explains the fundamental differences between a will and a trust, emphasizing the control and flexibility that a trust offers. 1:57 - *Revocable vs. Irrevocable Trusts* Carter Cofield elaborates on the tax benefits of a revocable trust and why it can be a powerful tool for avoiding probate court. He also shares insights into the specific scenarios where an irrevocable trust might be necessary. 4:33 - *Real-life Examples and Tax Implications* Case studies like Chadwick Boseman’s estate highlight the potential pitfalls of not having a proper trust in place. Carter explains the crucial tax advantages and how a revocable trust can save heirs from heavy tax burdens. 5:16 - *Life Insurance and Family Wealth* Rashad brings up the strategy of buying life insurance policies on family members. George and Carter discuss how this approach, often overlooked in their community, can significantly contribute to generational wealth. 6:44 - *The Importance of Disability Insurance* George shares a personal story about a health scare and the vital role of disability insurance in securing one's income during unforeseen circumstances. 9:26 - *Business Partnerships and Insurance* The guests discuss the necessity of having life insurance and buy-sell agreements within business partnerships to ensure continuity and financial security. 10:15 - *Structuring Business for Tax Efficiency* Carter provides valuable advice on the optimal business structures to maximize tax deductions and protect partnerships from financial discrepancies. This clip is filled with invaluable insights, practical advice, and real-life examples that can guide you in making informed decisions about estate planning, whether for personal or business needs. Don't miss out on this opportunity to learn from the experts and ensure that you and your loved ones are financially secure for generations to come. --- *🔔 Don't forget to like, subscribe, and hit the notification bell to stay updated with our latest episodes!* #EstatePlanning #TrustsVsWills #GenerationalWealth #FinancialFreedom #EYL #MelaninMoney Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

    13 min
  5. OCT 31

    EYL #313: How to Go from 9-to-5 Employee to 6-Figure Entrepreneur with David Shands

    In this week's episode of *Earn Your Leisure*, we sit down with entrepreneur David Shands to break down the journey from a 9-to-5 employee to a 6-figure entrepreneur. David shares insights on what it takes to make six figures, defining it as earning between $100,000 and $999,000 annually and examining the difference between gross income and net income. We dive into the essentials of launching a successful business, covering **Product, Price, and Promotion**: **Product**: Whether you're offering a tangible product or a service, it should be easy to produce, deliver, and pay for. More importantly, it must solve a real problem for customers, going beyond just being a good idea. **Price**: Set a price that provides at least three times the perceived value. Through effective storytelling, position your price at a level that feels comfortable for you, and consider recurring revenue models to reach your income goals. **Promotion**: Gain visibility through hustle or leverage. From social media strategies to email and text marketing, discover ways to expand your reach and share your offerings with a larger audience. Don’t miss this comprehensive guide on how to escape the 9-to-5 and start building a business that brings financial freedom! #EarnYourLeisure #DavidShands #Entrepreneurship #SixFigures #9to5ToEntrepreneur #SmallBusiness #FinancialFreedom #ProductPricePromotion #BusinessGrowth #SideHustle #InvestInYourself Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

    1h 48m
  6. OCT 28

    Should the Department of Education Be Dismantled? With Secretary Miguel Cardona

    In this week’s episode of Market Mondays, we are thrilled to sit down with the U.S. Secretary of Education, Miguel Cardona. Join host Rashad Bilal as he dives deep into the pressing issues facing our education system today. This episode covers a broad range of vital topics, including the controversial debate around dismantling the Department of Education, the critical role of equity in education, and the systemic challenges impacting black and brown communities. Secretary Cardona opens the discussion by addressing the potential consequences of dismantling the Department of Education, particularly for marginalized communities. He underscores the importance of the Department in ensuring equity and holding institutions accountable. "If the Department of Education is not doing their job to make sure that special education equity happens, racial equity happens, to make sure that public education is a right, not something that you pay for... we're going to have a system of the have and have nots," says Secretary Cardona. Rashad and Secretary Cardona also delve into the complex structure of the U.S. education system. While Secretary Cardona shares his multifaceted experience—from being a principal to a state commissioner—he explains the federal role in distributing funds and enforcing civil rights laws. He elaborates on the challenges of ensuring educational equity across states and districts with varying resources and policies. A particularly enlightening segment of the conversation centers around the concept of education reform—how to bridge the gap between schools in affluent communities and those in lower-income areas. Rashad probes the idea of overhauling the education system to be more centralized, questioning whether it could level the playing field for all students. Secretary Cardona responds thoughtfully, emphasizing the need for equity and local accountability while cautioning against the risks of federal overreach. "I don't want the federal government telling every school system what to do... I want to make sure that I'm fighting for equity, for evolution, for outcomes of results," Secretary Cardona articulates, stressing the importance of maintaining a balance between oversight and local autonomy. The episode also touches on hot-button issues like curriculum content and the politicization of education. Secretary Cardona warns of the dangers of removing critical historical narratives such as African American history and discriminating against students based on their sexual orientation. He calls for active engagement and vigilance from the public to uphold the values of equity and inclusion in the education system. Finally, Secretary Cardona’s call to action is clear: "People got to get active, they got to get engaged, and they got to start speaking up for what they believe to be the values of this country." This episode is a must-watch for anyone passionate about the future of education and the fight for equitable and inclusive learning environments. Don’t miss out on this insightful conversation! Make sure to like, comment, and subscribe for more impactful discussions on Market Mondays. Hashtags: #MarketMondays #Education #SecretaryCardona #PublicEducation #EquityInEducation #EducationReform #RacialEquity #CivilRights #AmericanRescuePlan #EducationalPolicy #InclusiveEducation Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

    7 min
  7. OCT 26

    8 Dividend Stocks You Can't Ignore in 2025

    Welcome back to another insightful episode of Market Mondays! 💼 In this installment, Rashad Bilal and Ian Dunlap dive deep into eight dividend stocks that should be on your radar as we move through 2025. 🎯 Timestamps: 00:00 - Introduction 00:07 - Chevron: Worth the Investment? 01:04 - Verizon: A Reliable Choice? 01:43 - Pfizer: Potential for Growth? 02:30 - UPS: Long-Term Investment? 02:56 - T. Rowe Price: Underrated Gem? 03:35 - CVS: Past its Peak? 04:52 - Kraft Heinz: To Buy or Not to Buy? 05:51 - Sirius XM: Warren Buffett's Move? Featured Stocks: 1. *Chevron (CVX)* 🌍💧 Known for its strong long-term returns, Chevron has had a rocky year but is expected to bounce back. Rashad discusses the price points at which this stock becomes a worthy investment. 2. *Verizon (VZ)* 📶 A utility-type stock that pays a solid dividend, Rashad and Ian talk about why this company is a buy below $34 and how it fits into a diversified portfolio. 3. *Pfizer (PFE)* 💊 Despite some management issues and the loss of exclusive rights to key drugs, Pfizer still holds promise, especially if you can get it at the right price points: $24, $15.46, or $23.10. 4. *UPS (UPS)* 📦 A great stock for long-term holds, UPS remains a stable investment option, although the sector's competitiveness needs consideration. 5. *T. Rowe Price (TROW)* 📈 Known for its decent dividends and being a stalwart in the financial space, Rashad expresses his approval for this stock, especially if it dips to $100 or below. 6. *CVS (CVS)* 🏥 Once a pandemic darling, CVS is now struggling. It's a potential buy only if it drops to $31. Rashad warns against chasing dividends in underperforming companies like this one. 7. *Kraft Heinz (KHC)* 🍔 A controversial pick, mainly due to concerns about product quality. Rashad and Ian discuss why this may not be the best dividend stock for your portfolio. 8. *Sirius XM (SIRI)* 📻 Mystery surrounds Warren Buffett's significant stake in this company. Rashad and Ian debate possible reasons behind this intriguing investment, while also questioning its growth potential. Key Takeaways: *Price Points Matter:* Whether it's Verizon at $34 or UPS at $124, knowing the right price points can make or break your investment strategy.*Sector Leaders vs. Followers:* Rashad insists that you should aim to invest in sector leaders like Nvidia rather than laggards just for the sake of dividends.*Management Concerns:* Companies like Pfizer show that poor management can severely impact stock value, making due diligence crucial.*Future Uncertainties:* Stocks like CVS and Sirius XM demonstrate the importance of considering future market conditions and competition before investing. Join us as we dissect why these companies are worth a closer look and how to navigate the complexities of dividend investing in the current market climate. Whether you are a seasoned investor or just starting, Market Mondays has you covered with the insights you need to make informed decisions. Don't forget to like, share, and subscribe for more weekly market insights! 📈🔔 Related Videos: *Investing in Tech Stocks for 2023**Should You Buy Real Estate Now?**Top 5 Crypto Picks for the Next Bull Run* #MarketMondays #DividendStocks #Investing #StockMarket #FinancialFreedom #Chevron #Verizon #Pfizer #UPS #TRowePrice #CVS #KraftHeinz #SiriusXM #WarrenBuffett #InvestSmart #StockTips Tune in to level up your investing game! 🌟 Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

    7 min
4.9
out of 5
7,666 Ratings

About

Welcome to The Earn Your Leisure Podcast. Rashad Bilal and Troy Millings will be your host. Earn Your Leisure will be giving you behind the scenes financial views into the entertainment and sports industries as well as highlighting back stories of entrepreneurs. We will also be breaking down business models and examining the latest trends in finance. Earn Your Leisure is a college business class mixed with pop culture. We blend the two together for a unique and exciting look into the world of business. Let’s go!! #earnyourleisurepodcast

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