Hi,

My Sirius XM Wealthy Ways Show guest this weekend is Eddie Brown.

Eddie is the founder of Brown Capital Management – one of the largest African American money management firms in America.

Yet, he was born into challenging circumstances. His mother was only 13 years old when he was born. And Eddie was raised by his uncle and grandparents.

Eddie Brown's uncle was a moonshiner who taught young Eddie that business. At the age of 12 years, Brown was driving hot rods for his uncle and distributing his moonshine all over central Florida.

With the death of his grandmother, Brown's uncle became the dominant adult in his life. Eddie’s mom (who had moved to Pennsylvania) got wind of what her son was doing with his uncle, moved him with her to Pennsylvania.

While money was tight, he was a good student and helped his mother with odd jobs in the neighborhood. Brown's excellence in school was the key to a wealthy female benefactor hearing about him. That benefactor, anonymous to this day, known only as "Lady B," paid his tuition to Howard University for all four years!

After graduating from Howard University and marrying the love of his life, Sylvia (also a Howard Alum), Eddie Brown began his career in corporate America at IBM, as an engineer. He left IBM to get an MBA, believing he had an even brighter future ahead. This required leaving the comfortable life he had built with his wife and two young children. But his wife believed in him and supported his vision.

After earning his MBA, Brown landed a position with the investment firm, T. Rowe Price. He was the first African American to be hired at the firm! After a decade of helping T. Rowe Price generate millions of dollars for their clients, he decided to start his own firm, Brown Capital Management.

Dr. Willie Jolley and wife, Dee with Eddie Brown and wife, Sylvia

Eddie Brown shares his story and his success principles in his best-selling book entitled, Beating The Odds: Eddie Brown’s Investing and Life Strategies. The co-author of the book is the iconic writer, Blair Walker, who also wrote the best-selling book about business titan Reginald Lewis, Why Should All The White Guys Have All The Fun?

Here are 9 life lessons from my interview with Eddie Brown on beating the odds.

1. It does not matter where you come from, it only matters where you go from there.
   
   
2. Education is one of the most important assets a person can have - especially financial education.
   
   
3. It is very important to have a great supportive spouse or partner, for they can have a tremendous impact on your success, or your failure.
   
   
4. Always live below your means. Make sure your expenses do not exceed your income.Save and invest the rest!
   
   
5. Entreprenuerism is a powerful tool in the ability to build income.
   
   
6. Give without ever remembering, and receive without ever forgetting.
   
   
7. Get good mentors, who can share wisdom with you.
   
   
8. Prepare financially before starting your business so you can give your venture a good start and have staying power.
   
   
9. Let your money grow over time, at least 3-5 years. Avoid "get rich quick" investment schemes.

To order Eddie Brown's book, Beating The Odds: Eddie Brown’s Investing and Life Strategies, please go here.

Listen to this Willie Jolley Wealthy Ways Show interview on the Willie Jolley Wealthy Ways Show on Sirius XM Radio channel 141-HUR Voices this Saturday at 4pm ET, Tuesday and Thursday at 6pm ET, brought to you by Truist Bank.

For immediate access to all other interviews, download The Willie Jolley Wealthy Ways Podcast on C-Suite Radio, Apple Podcasts, iHeart Media, Spotify, Stitcher, TuneIn, or wherever else you get your podcasts. Listen and be inspired!

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Happy New Year from Dr. Willie and Dee Jolley!