Hi,
My
Sirius XM Wealthy Ways Show guest this weekend is Eugene Mitchell – “The Man
with The Proven $50 Billion Dollar Plan!”
He's
the former Corporate Vice President and African American Marketing Manager at
New York Llfe Insurance Company. There, he learned how other races, religions,
cultures and communities used financial tools and strategies in ways that
advanced their communities.
Many
African Americans knew nothing of these tools and strategies! Mitchell developed
and implemented a plan to share the lessons and strategies he learned with
people of color.
A
few years later, he had generated $50 billions in revenue for those people and
their families. He is now the CEO of E. Mitchell Consulting and has written a
popular book entitled, Closing
The Racial Wealth Gap.
His
goal is to help create wealth, especially with people of color, by helping them
apply the tools, tips and financial strategies that build wealth.
Here
are the 7 main rules Eugene Mitchell shares in his book:
- Rule
#1 – Know yourself; know your worth
- Rule
#2 – Insure yourself to ensure your future
- Rule
#3 – You can’t earn your way to wealth
- Rule
#4 – If you have a landlord and a Lexus, then you have a problem
- Rule
#5 – It’s not what you make, it’s what you keep
- Rule
#6 – Rich people plan for three generations, poor people plan for Saturday
night
- Rule
#7 – A rising tide lifts all boats