Episode Details
Back to Episodes
Faith and Finance_ Getting wealthy quickly in your 50's, Pastor Dexter B. Jenkin
Description
Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Pastor Dexter Jenkins.
Purpose of the Interview
The interview aimed to educate and inspire listeners about wealth creation through real estate and financial literacy, particularly for individuals over 50. Pastor Jenkins shared strategies for building generational wealth, shifting mindsets about money, and leveraging real estate as a primary tool for financial independence.
Key Takeaways
-
Intersection of Faith, Finance, and Business
Pastor Jenkins emphasizes that faith and financial success are not mutually exclusive. He advocates using biblical principles as a success manual, especially from Proverbs. -
Real Estate as “Low-Hanging Fruit” for Wealth
Real estate is one of the simplest and most effective ways to build wealth because land is finite and historically valuable. -
Mindset Over Money
Wealth building starts with changing beliefs about money. Many misconceptions learned in childhood or church need to be unlearned. -
Refire, Don’t Retire
For those over 50, Jenkins encourages leveraging life experience to create new income streams instead of slowing down. -
Social Security Reality Check
The average Social Security check (~$1,400/month) is insufficient for most Americans, highlighting the need for personal wealth strategies. -
The SHIP Method
- Stewardship: Direct your money intentionally.
- Ownership: Own assets that appreciate and generate cash flow.
- Entrepreneurship: Consider business ownership as a wealth-building tool.
-
Education Before Action
Start with learning—books, podcasts, seminars—before diving into real estate or other ventures. -
Community Wealth Building
Jenkins supports initiatives like “buying back the block” to revitalize neighborhoods and build collective wealth. -
Secrets to Success
Desire, planning, education, and execution are essential. Dreams without plans remain dreams. -
Upcoming Resources
Jenkins is releasing a book: The Real Estate Wealth Creation Blueprint, offering practical steps for using real estate to build wealth.
Notable Quotes
- “Real estate is the lowest hanging fruit on the wealth creation tree.”
- “People came here to work the land—now it’s time for us to own it.”
- “It’s not time to retire; it’s time to refire.”
- “Social Security was designed for a different era. You can’t live on $1,400 a month in America.”
- “The Bible is more than religion—it’s a success manual.”
- “If you don’t have a desire for wealth, we can talk all day and nothing will change.”
- “Stewardship, Ownership, Entrepreneurship—those are the pillars of wealth.”
#SHMS #STRAW #BEST
Steve Harvey Morning Show Online: http://www.steveharveyfm.com/
See omnystudio.com/listener for privacy information.