Episode Details

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Lisa Mulrain.

Summary of the Interview

On Money Making Conversations Masterclass, Rushion McDonald interviews Lisa Mulrain—CEO of Legacy Building LLC, a financial literacy and legal services entrepreneur with more than 30 years of federal government experience as a securities attorney. Lisa’s mission is to empower individuals and small businesses through financial education, credit repair, debt management, estate planning, and investment strategy.

The interview highlights her transition from government attorney to entrepreneur, the purpose behind Legacy Building LLC, and the unique combination of her legal expertise and financial coaching. She breaks down how underserved communities can close knowledge gaps, develop stronger money mindsets, repair credit, invest wisely, and protect assets through estate planning. She also explains the emerging opportunities in tokenized real estate, fractionalized Ginnie Mae securities, and the importance of research before investing.

The conversation is highly practical—covering everything from budgeting to Roth IRAs, 401(k) matches, brokerage accounts, credit consolidation, and asset protection through trusts and wills. Lisa stresses empowerment through education and long-term wealth building.

Purpose of the Interview

1. To introduce Lisa Mulrain’s financial literacy and legal services mission

The interview showcases how Legacy Building LLC helps clients improve credit, manage debt, understand investments, and plan estates.

2. To educate listeners about emerging financial trends

Lisa explains tokenized real estate, fractional Ginnie Mae securities, and policy changes that create new wealth-building opportunities.

3. To emphasize financial empowerment for underserved communities

She focuses on shifting money mindsets, breaking cycles of scarcity, and building generational wealth.

4. To highlight the importance of estate planning

She stresses that wills, trusts, and powers of attorney are foundational—not optional.

5. To offer actionable investing and credit strategies

Listeners gain practical tools to start improving their finances immediately.

Key Takeaways

1. Financial literacy begins with mindset

Before fixing credit, individuals must understand their past beliefs about money and scarcity.
Many financial mistakes originate from “lack mentality.”

2. Credit repair requires root-cause analysis

Lisa teaches clients to:

• Identify how they fell into debt
• Negotiate with creditors
• Remove charge-offs when possible
• Avoid repeating harmful financial behaviors

3. Estate planning is essential for everyone—not just older adults

A proper estate plan includes:

• A trust (primary document)
• A “pour-over” will for missed assets
• Healthcare proxies & POAs
• Instructions for managing assets during incapacity or after death

Common tragedies—Prince, Aretha Franklin, Michael Jackson—show how lack of planning complicates estates.

4. Invest intentionally and consistently

Key investment tools Lisa recommends:

• Maximize 401(k) contributions, especially employer matches
• Favor S\&P 500 index options in retirement plans
• Fund a Roth IRA for tax-free growth
• Open brokerage accounts with established firms (e.g., Schwab, Fidelity)
• Buy fractional shares to invest even with small amounts
• Focus on time in the market, not timing t