Wealth building is a hot topic here at His & Her Money. We’re all about it! Sometimes it can look like landing that high-paying job is all it takes to get to financial freedom, but in reality, that’s just the beginning. Are your savings not what they should be?
Why are you making six-figures but your net worth is still low? It’s easy: if you don’t know how to properly manage your income, however great it may be, you’ll find yourself making all the money just to watch it go right back out again – and that’s a big problem.
We connected with today’s guest years ago but we’re just now making this episode of the His & Her Money Show happen – but it’s better late than never! We’ve got Damien Peters in for you, founder and CEO of Wealthy Noir, where he’s keeping black entrepreneurs and the whole world up to date on budgeting, investing, and unlocking the greatest key to success: making your money MAKE money!
This is a man who wears a lot of hats. Damien has real estate portfolios, a consulting business, has worked at Facebook, and is up to so much more, all while managing work time and family time without breaking a sweat. So, how did he go from his computer science degree and Silicon Valley to helping young professionals master their finances? It’s a great story, and he’s more than happy to lay it all out for us.
As he advanced in his own successful career, somewhere along the way Damien realized that his peers weren’t investing in the long-term, particularly our fellow black professionals, but meanwhile, he was making the same income and had the financial flexibility to take a whole year off work. What was the difference?
He was putting in the work to put his MONEY to work: investing, saving, and keeping his finances in the best possible shape through all and any outlets that became available to him. That’s what wealth building is all about, and Damien has a whole bag of nuggets to drop today on helping those with higher incomes learn to manage what’s coming in, master their budgeting and money management flow, and live their best lives – just like they should be!
What You Will Learn
- Finding your work/life balance
- Learning to think beyond the budget
- How Damien has built and maintained his success through smart money moves and management
- What are Robo advisors?
- Keeping track of your money and knowing where it all goes once it comes in
- The importance of emergency funds
- Damien’s debt story
- Getting started in investing, the basics
- Damien walks us through his top real estate investment strategies
- how Damien and his wife make their budget work
- Staying focused by setting practical goals and hitting them hard
Resources Mentioned
- Wealth Noir | wealthnoir.com/
- Instagram | instagram.com/wealthnoir/
- Instagram | instagram.com/therealmrpeters/
- The Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas J. Stanley
- The Book on Managing Rental Properties: A Proven System for Finding, Screening, and Managing Tenants With Fewer Headaches and Maximum Profit by Brandon Turner and Heather Turner
- The 4-Hour Workweek by Timothy Ferriss
- M1 Finance | m1finance.com/
- Betterment | betterment.com/
Thanks For Listening!
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Today’s show is sponsored by Legal and General America. Legal & General America makes understanding and applying for life insurance easy. Also, agents are standing by to help you determine the best coverage to fit your family’s needs.
Visit HisandHerMoney.com/lgapodcast to get started on your journey toward financial wellness.
