# Money Talk: The Five Financial Stratospheres is his Wealth Coaching Stratosphere that outlines his five levels of financial development.

An episode of [Money Making Conversations Master Class](https://invisiblenetwork.ai/podcast/1264705641), 12 Jun 2026, 30 min.

Audio: https://podtrac.com/pts/redirect.mp3/traffic.omny.fm/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/b1db7263-d1a3-4d00-8976-af62012aab44/1458b047-af80-42bb-9fce-b44501143b46/audio.mp3?utm_source=Podcast&in_playlist=35a10561-3e1b-4d05-a529-af62012aab6a

Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning! Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Mujahid Muhammad. Interview Summary Interview with Rushion McDonald – Money Making Conversations Masterclass Interview Purpose The purpose of this interview is to demystify personal finance, redefine wealth‑building, and emphasize the importance of preparation, capitalization, and disciplined planning. Mujahid Muhammad, a personal financial coach and founder of Wealth Coaching Stratosphere, shares a deeply personal journey marked by financial success, failure, rebuilding, and hard‑earned wisdom. Major Themes & Key Takeaways 1. Experience Is the Best Teacher Mujahid’s financial philosophy is rooted in lived experience. After building a seven‑figure real estate portfolio early in life, he suffered devastating losses due to Hurricane Katrina and the 2008 housing collapse. These setbacks reshaped his understanding of leverage, risk, and preparation. Key takeaway: Financial success without safeguards can collapse quickly. 2. Leverage Without Liquidity Is Dangerous One of the most powerful lessons Mujahid shares is that being “asset‑rich but cash‑poor” is a vulnerable position. His earlier strategy relied heavily on leverage without sufficient reserves, leaving him exposed when disaster struck. Key takeaway: Liquidity is protection; leverage alone is not wealth. 3. Fix Personal Finance Before Building Businesses Mujahid stresses that many people pursue entrepreneurship or real estate in hopes of fixing personal financial struggles—often with disastrous results. Instead, personal financial stability must come first. Key takeaway: Solve your personal finances before using business to create wealth. 4. Wealth Is a Process, Not a Product The interview reinforces that financial improvement isn’t something you buy—it’s something you build over time. Mujahid emphasizes facing financial reality honestly instead of avoiding uncomfortable truths. Key takeaway: Progress starts by looking at the numbers, not ignoring them. 5. The Five Financial Stratospheres Mujahid introduces his Wealth Coaching Stratosphere model, outlining five levels of financial development: • Financial Failure • Financial Health • Financial Fluency • Financial Wealth • Financial Independence Each stage represents a mindset and requires different behaviors and priorities. Key takeaway: Knowing your financial “stratosphere” determines your next move. 6. Capitalization Comes Before Real Estate Mujahid advises against entering real estate before reaching financial fluency. While creative financing exists, retaining real estate requires cash flow, reserves, and patience. Key takeaway: You can buy property with little money—but you cannot keep it that way. 7. The Importance of Capital and Opportunity Funds He emphasizes saving, emergency funds, and opportunity funds as prerequisites to investing. Capital allows individuals to recognize and act on opportunities without panic. Key takeaway: Capital creates clarity—and choices. 8. Infinite Banking and Financial Autonomy Mujahid explains the Infinite Banking Concept, which focuses on reclaiming control over the banking function through properly structured life insurance, allowing individuals to access capital without relying on traditional lenders. Key takeaway: Financial independence includes controlling how you access capital. 9. Debt Freedom Is Hard—but Worth It Through personal stories of tackling…

## Transcript

[0:00] Speaker 1: Welcome to my show.
[0:01] Speaker 2: I'm Rashon McDonald, a host of Money Making Conversations Masterclass,
[0:04] Speaker 2: where we encourage people to stop reading other people's success
[0:07] Speaker 2: stories and start planning your own. Now, you don't want
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[0:24] Speaker 2: Conversations Masterclass episodes drop daily. I want to keep you
[0:28] Speaker 2: on alert because my guests provide tips on how you
[0:30] Speaker 2: can uplift your community, improve your financial planning, motivation, or
[0:34] Speaker 2: advice on how to be a successful entrepreneur. Now, let's
[0:38] Speaker 2: get this podcast started. My guess is a personal financial
[0:41] Speaker 2: coach a wealth coaching Stratosphere. They provide expert financial coaching.
[0:46] Speaker 2: They have you take control of your money and build
[0:48] Speaker 2: a strong foundation for your future. Whether you need to
[0:51] Speaker 2: break free from debt, create a financial game plan, develop
[0:55] Speaker 2: better money habits, we are here to support you. That's
[0:59] Speaker 2: their model. Please work in the Money Making Conversations Masterclass.
[1:02] Speaker 2: Brother majah Hid Mohammad, how you doing, Brother Majaiat.
[1:07] Speaker 1: I'm doing great by God's grace, and I'm happy to
[1:09] Speaker 1: be here with you. Brother Rashon.
[1:11] Speaker 2: Okay, now you're basiced in Houston, Texas, and I'm born
[1:13] Speaker 2: and raised in Houston, Texas. So when I saw your
[1:15] Speaker 2: information come through my guests be Against portal, I jumped
[1:19] Speaker 2: on it immediately. Tell me what you're doing down in Houston, Texas.
[1:21] Speaker 1: Brother, JAHI, Well, we are committed to assisting people in
[1:25] Speaker 1: the personal financial space. My expertise is both the real estate,
[1:29] Speaker 1: personal finance, and insurance as well. So we're helping young
[1:34] Speaker 1: families or people in general, you know, to get off
[1:36] Speaker 1: to a fast start and not duplicate those mistakes that
[1:39] Speaker 1: were originated by myself coming up and trying to develop
[1:42] Speaker 1: my personal financial portfolio. Well, I always say you learn
[1:47] Speaker 1: from your mistakes.
[1:48] Speaker 2: You put it out there first, brother, But jah Hid,
[1:51] Speaker 2: what was some of the mistakes you made that you
[1:53] Speaker 2: don't want us to make?
[1:54] Speaker 1: Give us a couple levels. Well, let me start from
[1:57] Speaker 1: the beginning. I think as I grew up, the story
[2:00] Speaker 1: was told to me. My dad went to the military
[2:03] Speaker 1: and he was sending home checks to help take care
[2:05] Speaker 1: of the family. At that time, you know, they were
[2:08] Speaker 1: extremely poor. So it was a necessity, and he's sending
[2:11] Speaker 1: checks every month, every pay period. When he got out
[2:14] Speaker 1: of the military, unbeknownst to him, my grandmother, his mother,
[2:18] Speaker 1: never cashed any of those checks, so she gave the
[2:20] Speaker 1: money back to him, and he used that to buy
[2:23] Speaker 1: his first duplex, and that laid the foundation for his
[2:26] Speaker 1: financial future. In mimicking fashion, I joined the military, but
[2:31] Speaker 1: I didn't need to send checks. We were in a
[2:33] Speaker 1: different time. Although I'm sure he would have taken my checks,
[2:36] Speaker 1: but I was saving the money. And when I came
[2:40] Speaker 1: home from the military, my father helped me find my
[2:43] Speaker 1: first duplex, and it was from that duplex that was
[2:47] Speaker 1: the launching pad. I got married. A few years later.
[2:51] Speaker 1: I identified this thing called equity. I pulled out over
[2:55] Speaker 1: twenty thousand dollars in equity and I immediately start They
[2:59] Speaker 1: call it a Bird technique. Back then, there was no bird,
[3:02] Speaker 1: there was no YouTube and everything like that. But we
[3:05] Speaker 1: essentially I was buying real estate, renovating it, renting it out,
[3:10] Speaker 1: buying it, refinancing it, renting it out, that whole bird method.
[3:15] Speaker 1: So we did that UNTI I mastered a million dollar portfolio.
[3:19] Speaker 1: I thought I had enough to leave my W two job.
[3:21] Speaker 1: I left the W two job three months later. Hurricane
[3:25] Speaker 1: Katrina hit the New Orleans area and at that time
[3:31] Speaker 1: none of my portfolio year was that. What year was that?
[3:35] Speaker 2: Just remind everybody that the year hurricane in two thousand
[3:38] Speaker 2: and five.
[3:39] Speaker 1: Yes, sir, at that time, I wasn't covered it just
[3:44] Speaker 1: it wasn't required and a devastation like that never happened before,
[3:48] Speaker 1: so there was no flood insurance. So we literally had
[3:51] Speaker 1: these decimated properties with no money to repair it. And
[3:54] Speaker 1: I remember being on a phone with a one of
[3:58] Speaker 1: the I was in the middle of a renovation at
[4:00] Speaker 1: that time, and the lender was chiding me. He was like, look,
[4:03] Speaker 1: I need you to get back on it and rebuild
[4:05] Speaker 1: this property and rent it out. I'm like, I don't
[4:08] Speaker 1: think you understand. It's not my property. There's no there's
[4:11] Speaker 1: no houses for blocks and blocks. The whole community was gone.
[4:15] Speaker 1: So that level of devastation was really unfathomable to all
[4:20] Speaker 1: parties involved. So after suffering that, went to Houston to
[4:24] Speaker 1: try to regroup, and I said I'm gonna come back
[4:27] Speaker 1: and recommit to building my portfolio. And then in two
[4:30] Speaker 1: thousand and eight and behold, we know what happened with
[4:34] Speaker 1: the real estate market, and that was kind of like
[4:36] Speaker 1: the nail that kind of sealed the coffin. So from
[4:39] Speaker 1: there I kind of hit myself over the head with
[4:42] Speaker 1: that invisible ham. I was blaming myself, thinking I wasn't
[4:45] Speaker 1: what I thought I was, and for several years I
[4:48] Speaker 1: just went on and thought I was a failure as
[4:50] Speaker 1: it relates in the financial space. But there was a
[4:53] Speaker 1: net unique circumstance that turned things around. You know. I
[4:56] Speaker 1: got a phone call from my wife. We had one
[4:59] Speaker 1: car at the time. I was at work, and she said,
[5:02] Speaker 1: she said, bete, they turned off the water. So I
[5:05] Speaker 1: moved some things around. I said, look, go pay this
[5:07] Speaker 1: water bill. So she literally walked to the utility company
[5:12] Speaker 1: to pay that water bill before the children could come
[5:14] Speaker 1: back home and realize what had happened. And I remember
[5:18] Speaker 1: looking my wife in the face and I said, back,
[5:20] Speaker 1: this next chapter of our life, I promise you We're
[5:24] Speaker 1: gonna have a lot of problems, but it won't be
[5:25] Speaker 1: a financial one. And so I committed myself to turning
[5:30] Speaker 1: our situation around. And that was the impetus to where
[5:33] Speaker 1: I knew I needed to do something different. And that's
[5:37] Speaker 1: really really the motivator for helping other families to not
[5:40] Speaker 1: experience that experience that I felt in that moment. What
[5:44] Speaker 1: year was that, brother Mujahad? So yeah, two thousand and
[5:48] Speaker 1: eight was from the collaption of the home mortgage that
[5:53] Speaker 1: was collapsing of the house Katrina. Two thousand and eight,
[5:56] Speaker 1: collapse of the home mortgages. Yeah, and then you had
[5:59] Speaker 1: a at least at least seven years that I was
[6:03] Speaker 1: just doing ins and out odd things. I drove, Yeah,
[6:07] Speaker 1: I drove this. So yeah, so what's seven on top
[6:10] Speaker 1: of two thousand and eight? Twenty fifteen? Okay, So yeah,
[6:14] Speaker 1: we're in that area at this point. Okay, cool, So
[6:16] Speaker 1: now the next ten years you got a plan in place?
[6:19] Speaker 1: Absolutely okay? And what was that plan? And why did
[6:23] Speaker 1: you feel the need to do because you know you
[6:27] Speaker 1: already messed up in New Orleans?
[6:29] Speaker 2: Did that properties got washed away by mother nature Hurricane Katrina?
[6:34] Speaker 1: Why would you go back into real.
[6:36] Speaker 2: Estate after that level of devastation, brother, majority Well, here's.
[6:40] Speaker 1: What I learned, and I think a lot of times,
[6:43] Speaker 1: what we do in our community, we tried to lead
[6:48] Speaker 1: with business, looking for business to solve our personal financial situation.
[6:54] Speaker 1: And the light bulb that came up with me is
[6:56] Speaker 1: that if you saw your personal financial situation, you can
[6:59] Speaker 1: grow organically and come to the market in a different way.
[7:03] Speaker 1: So I prefer to come to the market as a
[7:05] Speaker 1: well capitalized investor as opposed to an undercapitalized investor. And
[7:10] Speaker 1: when you prioritize your personal finance, accualage and grow according
[7:15] Speaker 1: to stage by stage, you'll eventually reach a point to
[7:19] Speaker 1: where you can come to the market and be more productive.
[7:22] Speaker 1: Because the big, biggest lesson I learned was that leverage
[7:26] Speaker 1: without liquidity is stupidity. And so at that time I
[7:30] Speaker 1: was real estate rich but cash poor, and so I
[7:33] Speaker 1: coming around a second time, I overemphasizing controlling my personal
[7:37] Speaker 1: financial situation so that I can approach the market from
[7:40] Speaker 1: a totally different perspective.
[7:41] Speaker 2: So basically maintaining control with a plan absolutely so most
[7:46] Speaker 2: people get out there. And I will tell you when
[7:48] Speaker 2: I heard my first business, I just had a dream.
[7:52] Speaker 1: I didn't have a plan.
[7:53] Speaker 2: I didn't know the severity of what taxes were. I
[7:57] Speaker 2: didn't know understanding my employee is a workman's insurances that
[8:02] Speaker 2: need to be applied working with conversation, liability, all.
[8:07] Speaker 1: E and O.
[8:08] Speaker 2: If you're into advertisement all those things on top on
[8:12] Speaker 2: top to.
[8:13] Speaker 1: Stay in business. Legitimately, that's what you learned in New Orleans.
[8:17] Speaker 1: That's right, you were in.
[8:18] Speaker 2: Business, but you were not in business because it got
[8:22] Speaker 2: taken away because you didn't have all the necessary safeguards
[8:26] Speaker 2: in place. Now we're twenty fifteen. You contact me, said,
[8:30] Speaker 2: y Sean, I want to tell everybody about me. I'm
[8:32] Speaker 2: a personal finance coach. My business is wealth coaching stratus fear.
[8:37] Speaker 2: What is wealth coaching stratus fere?
[8:39] Speaker 1: So the term stratusphere is pretty much a metaphor. And
[8:44] Speaker 1: what we've done is we've identified five areas of financial
[8:49] Speaker 1: development in each the lowest being financial failure that's when
[8:54] Speaker 1: you have more money than month, right, the least desirable
[8:57] Speaker 1: stratus fere you want to be in. But the next
[9:00] Speaker 1: financial health, that's where most of us find ourselves paycheck
[9:03] Speaker 1: to paycheck, we're able to meet those obligations. And then
[9:06] Speaker 1: the next stratosphere is financial fluency. That's where things get
[9:11] Speaker 1: better where you have more money than month, and then
[9:14] Speaker 1: you graduate to financial wealth. And the difference between wealth
[9:18] Speaker 1: and fluency is the accumulation of income producing assets, until
[9:22] Speaker 1: finally you grow into financial independence, where your money is
[9:25] Speaker 1: making money. So with each one of those stratospheres is
[9:29] Speaker 1: a diameter of thought. That's determine how many stradu three
[9:33] Speaker 1: or four? It should be five, it's five strata tray
[9:36] Speaker 1: repeat them again. Financial failure, financial health, financial fluency, financial wealth,
[9:43] Speaker 1: and financial independence. There you go, yes, sir as I
[9:47] Speaker 1: missed that count.
[9:48] Speaker 2: Yeah, and so it started financial failure because that's where
[9:50] Speaker 2: a lot of people are.
[9:52] Speaker 1: I've been there. You know.
[9:53] Speaker 2: The reality that's why a lot of people get to
[9:55] Speaker 2: the next step is homeless. You know, pride comes into play.
[10:00] Speaker 2: You don't have a plan to get out of that spiral.
[10:03] Speaker 2: Why through the average person live in that financial failure
[10:08] Speaker 2: status or find themselves descending into that financial failure status.
[10:15] Speaker 1: I think some of the major contributors is self esteem, certainly,
[10:20] Speaker 1: But then some of the more practical things or problems
[10:22] Speaker 1: is that we take advice from other poor people. And
[10:26] Speaker 1: that's the biggest mistake you can make in financial failure.
[10:29] Speaker 1: A lot of times people that have jobs at I
[10:33] Speaker 1: don't want to name one of the low income places
[10:35] Speaker 1: just to be derogatory, but they got those jobs from
[10:38] Speaker 1: friends that got them in there. And so when you're
[10:41] Speaker 1: not where you are. You have to do what you
[10:44] Speaker 1: haven't been doing, and so taking advice for people that
[10:47] Speaker 1: are in different stratus fees of different spaces is the
[10:50] Speaker 1: biggest way you can gain that quantum leap into your
[10:53] Speaker 1: next stratus. Feld let mens you this.
[10:56] Speaker 2: Let's talk about personal financial philosophy. Your personal financial philosophy.
[11:00] Speaker 2: He gave us the five points. But I'm just a
[11:03] Speaker 2: guy walking into your office. Brother, But y'all hate and
[11:08] Speaker 2: I don't know. Man, I'm frustrated. I want to I
[11:11] Speaker 2: see people out there making money, but I'm not making
[11:13] Speaker 2: the money. I'm just an average guy working a forty
[11:16] Speaker 2: hour week job.
[11:17] Speaker 1: Can you help me? Yes, emphatically. Yes. The first step
[11:22] Speaker 1: is understanding that it's a process and not a product.
[11:25] Speaker 1: You can't come to anyone to buy something to ameliorate
[11:29] Speaker 1: your situation. It's a process and you got to be
[11:31] Speaker 1: committed to the process. And for a lot of people,
[11:34] Speaker 1: it begins by just looking at your situation. You'd be
[11:37] Speaker 1: surprised the people that just refuse to look at where
[11:41] Speaker 1: they stand. So you have to look at it and
[11:44] Speaker 1: receive some information that's objective to point you in the
[11:48] Speaker 1: right direction. And once you take a look, nine times
[11:51] Speaker 1: out of ten. It's not as bad as you think
[11:53] Speaker 1: it is with the pizzo.
[11:57] Speaker 2: What's side of the table you're sitting there, brother, Okay,
[12:00] Speaker 2: because I'm telling you I've had a headache on outside
[12:03] Speaker 2: of the table because it looked pretty bad.
[12:05] Speaker 1: But I think that what you're saying is don't allow
[12:09] Speaker 1: the moment to overwhelm you. Emphatically, I was saying, take
[12:14] Speaker 1: that deep breath. Absolutely, And also.
[12:17] Speaker 2: I think a key for me is looking around and
[12:19] Speaker 2: surrounding and see who's there to not so much give
[12:23] Speaker 2: you money, but that can support you, that you can
[12:25] Speaker 2: talk to, because a lot of people fall victim to
[12:28] Speaker 2: a lot of their calamity because they don't have anybody
[12:31] Speaker 2: to talk to because they, like you said Alreadier, a shame.
[12:37] Speaker 2: I feel that they don't want to look bad. They
[12:39] Speaker 2: don't want to feel that, hey, I'm a failure. Especially
[12:43] Speaker 2: the families, especially the friends, especially coworkers. Now when you're
[12:47] Speaker 2: talking about your financial philosophy, I'm a person.
[12:54] Speaker 1: I'm doing all right. I want to get into real estate.
[12:57] Speaker 1: You know already told me your real estate story two
[12:59] Speaker 1: thousand and five. Contrina, send your packet, set your pack it.
[13:04] Speaker 1: How do I get in to real estate? My suggestion
[13:10] Speaker 1: as far as real estate is to it should be
[13:13] Speaker 1: it should be pre approached with the capitalization phase, and
[13:16] Speaker 1: you should not approach that unless you're in you you
[13:19] Speaker 1: pass financial fluency. So what what happens is a lot
[13:23] Speaker 1: of times, you know, there's a lot of things out
[13:24] Speaker 1: here no money down. And these are true philosophies. You
[13:29] Speaker 1: can acquiesce real estate with creative financing with no money down.
[13:33] Speaker 1: But what the story that's not told is you can't
[13:35] Speaker 1: keep real estate with no money down. Real estate is
[13:39] Speaker 1: a heavy, financial intensive business and there's a uh, there's
[13:44] Speaker 1: a what you call it a factor. It allows it
[13:50] Speaker 1: acquires a lot of involvement. So the best thing you
[13:53] Speaker 1: can do is go through that capitalization phase, which we
[13:57] Speaker 1: know you beyond that, but I'm talking to the average person.
[14:00] Speaker 1: You need to spend time. What does that mean? Capitalization
[14:04] Speaker 1: that's just saving money. A lot of people frown on
[14:07] Speaker 1: saving money. But you can't approach an opportunity without an
[14:11] Speaker 1: opportunity fund. So you want to come to the market
[14:14] Speaker 1: well capitalized. That's my advice before you thinking about real estate, first,
[14:18] Speaker 1: focus on capitalizing your personal situation and it makes a
[14:22] Speaker 1: big difference when you come to the market well capitalized.
[14:25] Speaker 1: The first thing is you see opportunities that other people
[14:29] Speaker 1: don't see. And a lot of times when you have money,
[14:32] Speaker 1: things that you thought that you wanted when you were broke,
[14:35] Speaker 1: you don't want it anymore, you know. And lastly, I
[14:39] Speaker 1: say this, what does well capitalize look like? That's a
[14:44] Speaker 1: very subjective language, but we do know that. Warren Buffet's
[14:49] Speaker 1: right hand man, Charles Munger, he said, you got to
[14:51] Speaker 1: get your first hundred thousand. Do whatever you do to
[14:55] Speaker 1: do that. Please don't go anywhere. We'll be right back
[14:58] Speaker 1: with more money Making Conversations. This is masterclass.
[15:01] Speaker 2: No need for you to do me a favor right
[15:04] Speaker 2: now to follow or subscribe to money Making Conversation. It's
[15:07] Speaker 2: free and you can find it on the iHeartRadio app, Spotify,
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[15:16] Speaker 2: me that favor, follow a subscribe money Making Conversations. Welcome
[15:23] Speaker 2: back to Money Making Conversations Masterclass hosted by me Rashaan McDonald.
[15:27] Speaker 2: Money Making Conversation master Class continues online at Moneymaking Conversations
[15:31] Speaker 2: dot com and follow money Making Conversations Masterclass on Facebook,
[15:36] Speaker 2: X and Instagram. You have to plan to be successful
[15:40] Speaker 2: you have to plan. And so many people this will
[15:44] Speaker 2: always get to me. People want to get into real estate, right, brother,
[15:47] Speaker 2: And so they sit up there and they go buy land,
[15:51] Speaker 2: but they have no way of saying they forget the
[15:54] Speaker 2: one key thing about buying land taxes. They gonna come
[15:58] Speaker 2: get those taxes. So if you bought land, that's what
[16:01] Speaker 2: you was talking about having capitalization, that's what you're talking about,
[16:04] Speaker 2: having money. Because if you are not in a position
[16:07] Speaker 2: to make money off that land or that house that
[16:11] Speaker 2: you just bought, and you're not remodeling, you not trying
[16:14] Speaker 2: to flip it, the taxman's going to come and he's
[16:18] Speaker 2: going to come and want his money. And if he
[16:20] Speaker 2: doesn't get his money, he's going to find you and
[16:23] Speaker 2: find you. Eventually he's going to take back something that
[16:26] Speaker 2: you invested in. And that's a key element that a
[16:29] Speaker 2: lot of people don't think about when they buy land.
[16:32] Speaker 1: Land is key.
[16:32] Speaker 2: If you buy land and there's nothing happening on that land,
[16:36] Speaker 2: that could become a liability very very quickly.
[16:39] Speaker 1: Correct, brother, absolutely, And I want to really speak to
[16:43] Speaker 1: the one hundred thousand dollars because it may overwhelm someone
[16:46] Speaker 1: that's in another stratosphere and The point is that this
[16:49] Speaker 1: is a process, not a product. I'm speaking in a
[16:51] Speaker 1: certain stratosphere when I see one hundred thousand, and you
[16:54] Speaker 1: have to respect the process. So if you're in a
[16:57] Speaker 1: financial health stratosphere, you don't need to be thinking about
[16:59] Speaker 1: real estate. You got to be a thousand are before
[17:01] Speaker 1: you can be a ten thousand air before you can
[17:03] Speaker 1: be one hundred thousand are. So respect the process, know
[17:06] Speaker 1: where you are, and grow organically. It was I think
[17:11] Speaker 1: Abraham Lincoln is credited as saying, if he has six
[17:14] Speaker 1: hours to chop down a tree, he will spend four
[17:16] Speaker 1: of them sharpening his axe. So don't underscore preparation. It's
[17:20] Speaker 1: not that nothing is happening. Something is happening. You're developing
[17:24] Speaker 1: so that when you approach the market, you approach it
[17:26] Speaker 1: from a position of strip. I love you man, you
[17:28] Speaker 1: got it.
[17:28] Speaker 2: You got those catchphrases down path, man, I love talking
[17:32] Speaker 2: to you.
[17:32] Speaker 1: Man.
[17:34] Speaker 2: What is the benefits of financial coaching that you provide?
[17:36] Speaker 2: What are the benefits?
[17:38] Speaker 1: So it's being able to talk to someone kneecapped. To
[17:41] Speaker 1: kneecap is being able to hear from someone objectively, someone
[17:44] Speaker 1: to be able to feel what you feel. That's been
[17:48] Speaker 1: where you've been at. Like I said, most time we
[17:49] Speaker 1: take advice from people that are on our same level.
[17:53] Speaker 1: We need to hear from someone objectively on our next steps. Now,
[17:56] Speaker 1: financial coaching is a very serious step. So if you're
[18:00] Speaker 1: not seriouh, you might want to read a book, you
[18:02] Speaker 1: might want to watch the YouTube page. But when you
[18:04] Speaker 1: talk talking about financial coaching, you're talking about you're really
[18:07] Speaker 1: committed to going to that next level.
[18:10] Speaker 2: It's important that people understand. I'm talking to brother majah
[18:14] Speaker 2: Hid Muhammad. He's a personal financial coach located in Katie
[18:19] Speaker 2: right outside of Houston, Texas, and the name of the
[18:22] Speaker 2: company is Wealth Coaching Stratosphere. When we're talking about three
[18:26] Speaker 2: ways our clients can work with us, that means us
[18:29] Speaker 2: being you. How can a client come to you in
[18:32] Speaker 2: those three ways you benefit.
[18:33] Speaker 1: Them absolutely, So I would say you can eat. If
[18:38] Speaker 1: you just have a one off question or concern, just
[18:40] Speaker 1: shoo me an email. And if you don't mind hearing
[18:43] Speaker 1: an opinion, I can't give you investment advice. You want
[18:46] Speaker 1: to seek those professionals out, but I would love to
[18:49] Speaker 1: hear from you where you are and share ideas with you.
[18:52] Speaker 1: So that's one way to just an email. If you
[18:55] Speaker 1: lead a financial group or you promote financial literacy and
[18:58] Speaker 1: you want us to come on and have some concepts
[19:01] Speaker 1: and help develop that group. We talked to married circles
[19:07] Speaker 1: where there's there's singles and you talk about money and
[19:10] Speaker 1: marriage and different things like that. Or if you want
[19:12] Speaker 1: direct financial coaching, visit us at Wellcoaching statusphy dot com.
[19:17] Speaker 1: Set up a free consultation and we'll we'll put you
[19:20] Speaker 1: in the right direction. I love the word free here
[19:22] Speaker 1: that ladies and gentlemen, he will give you.
[19:26] Speaker 2: Like I said, man's not gonna give away his business career,
[19:29] Speaker 2: but he's willing to consult you, lay down a game plan,
[19:33] Speaker 2: find out if you guys can work together, then they
[19:35] Speaker 2: put a plan in place and you both can win.
[19:37] Speaker 2: But again, he's being honest. A lot of people who
[19:41] Speaker 2: charge the word consultant got to pay him a fee,
[19:43] Speaker 2: whether it's nine ninety nine or fifty nine ninety five.
[19:46] Speaker 2: He's not saying that. He's saying that basically, come to him,
[19:49] Speaker 2: contact him. He'll lay down the whole process in a
[19:52] Speaker 2: complimentary fashion. Find out if y'all can develop a work
[19:55] Speaker 2: a relationship. You get to work a relationship on the
[19:58] Speaker 2: point then you win together. Now, let's talk about the
[20:01] Speaker 2: personal financial condition of middle and common America, because that's
[20:05] Speaker 2: where every politician who runs for office talks about middle
[20:10] Speaker 2: income And then we got.
[20:12] Speaker 1: Tariffs sitting out there, brother Muhammad Man. So the good
[20:17] Speaker 1: news is that the economy doesn't have to be your economy.
[20:24] Speaker 1: And that's why we teach personal finance. And here's the
[20:28] Speaker 1: outlook of the average American that after take home pay,
[20:32] Speaker 1: twenty percent is committed to transportation, another thirty percent to housing,
[20:37] Speaker 1: and then another forty percent is committed to living expenses,
[20:41] Speaker 1: which leaves ten percent which we're trying to invest in
[20:44] Speaker 1: mutual funds, real estate and what we do. But if
[20:48] Speaker 1: we would just give focus to that ninety percent that
[20:52] Speaker 1: is encumbered through financing, we need to get the banks
[20:56] Speaker 1: out of our lives. They are over help us, overcome admitted,
[21:00] Speaker 1: and underfunded. But if you work to free up that cash,
[21:04] Speaker 1: now you create a tail wind that can really cause
[21:09] Speaker 1: you to change your financial reality. So I know we're
[21:12] Speaker 1: taught to have the credit cards. I know we're taught
[21:15] Speaker 1: to get the real estate forty five percent because of doubt,
[21:18] Speaker 1: it looks so good and all these the cards and
[21:20] Speaker 1: all these things, but we just need to get those
[21:23] Speaker 1: banks out of our lives, free up that cash flow.
[21:25] Speaker 1: Because look, if you have a six figure income, your
[21:28] Speaker 1: problem is you. And I hate to sound so blunt
[21:32] Speaker 1: like that. It's about living within your means and being
[21:35] Speaker 1: a partner with your partner and coordinating your personal financial
[21:38] Speaker 1: reality and you can really change your situation. Wow, now
[21:44] Speaker 1: we were talking about banks.
[21:46] Speaker 2: Now on your card, you sent me about infinite banking concept.
[21:51] Speaker 2: I've never heard that. What is that infinite banking concept?
[21:56] Speaker 1: Help me out there, brother Mahama. A gentleman named Nelson
[21:59] Speaker 1: Nash he identified a concept that he dubbed the infinite
[22:04] Speaker 1: banking concept, And through the infinite banking concept, we're taught
[22:09] Speaker 1: how to gain control of the banking function in our lives.
[22:14] Speaker 1: That's something we really don't think about. But when we
[22:18] Speaker 1: want to buy a home, when we want to buy
[22:20] Speaker 1: a car, when we want an education, we have to
[22:22] Speaker 1: go to third party gatekeepers that will determine if we
[22:27] Speaker 1: can have that. In building your own banking you learn
[22:33] Speaker 1: how to use a life insurance policy for its living
[22:37] Speaker 1: benefits to accumulate capital that can in turn allow you
[22:41] Speaker 1: to access for business opportunities. So I was my barber.
[22:48] Speaker 1: We were in a barbershop. He decided to leave and
[22:50] Speaker 1: he sorted his own barbershop. So we were just getting
[22:53] Speaker 1: the standard cut and he said, hey.
[22:55] Speaker 2: You need a chair in another barbershop.
[22:58] Speaker 1: Yeah. So yeah, my barber in a barbershop and he
[23:01] Speaker 1: decided to go do his own thing. So yet so yeah,
[23:04] Speaker 1: So I'm at his chair in the barbershop and we're talking.
[23:07] Speaker 1: He said, hey, you know, the barbershop we left is
[23:09] Speaker 1: up for sale, and so I said, oh, that's interesting.
[23:13] Speaker 1: Why the manager of the barbershop, while he didn't buy it,
[23:15] Speaker 1: he said, he don't have that type of money. I said,
[23:18] Speaker 1: you don't want to buy it. He said, if I
[23:19] Speaker 1: had the money, I would buy it. So then light bulb.
[23:23] Speaker 1: You know, opportunity dropped in my head because I had resources. Though,
[23:27] Speaker 1: that's the point I'm trying to make. Because I had capital,
[23:30] Speaker 1: an opportunity came to me and I was able to
[23:33] Speaker 1: access that capital without permission from anyone. And this is
[23:37] Speaker 1: the power of the infinite banking concept. So the infinite
[23:40] Speaker 1: banking concept is a course. It should be approached as
[23:43] Speaker 1: a course, and it should and you should be under
[23:46] Speaker 1: the tutelage of a professional to set it up. But
[23:48] Speaker 1: once it's set up, it's an intergenerational opportunity to gain
[23:53] Speaker 1: and strengthen your finances and have living benefits. It's just
[23:57] Speaker 1: a phenomenal approach to wealth building and to function and
[24:01] Speaker 1: building a personal economy.
[24:03] Speaker 2: That's what a personal or as a financial literacy expert,
[24:07] Speaker 2: what did you get your background to learn?
[24:09] Speaker 1: What courses did you take to get you to this
[24:11] Speaker 1: point that be.
[24:12] Speaker 2: So literate a literal or literle this level of expert
[24:16] Speaker 2: advice that you're able to give us.
[24:18] Speaker 1: I would say that the School of Hard Nots is
[24:21] Speaker 1: a big UH was my big my biggest university. But
[24:26] Speaker 1: going into the fields, my experience in real estate, I
[24:29] Speaker 1: learned a ton being in the UH, the insurance space,
[24:34] Speaker 1: I learned the son a lot of self study. I've
[24:36] Speaker 1: been a tutelage under one of Nelson's top mentors, so
[24:41] Speaker 1: a lot of great mentors and all that. You can't
[24:43] Speaker 1: underscore mentorship. You cannot underscore mentorship. And you know what's
[24:48] Speaker 1: a lot that's not taught is that the game is
[24:50] Speaker 1: sold not told. There's a lot of great information you
[24:53] Speaker 1: can get from YouTube, but when you really want to
[24:56] Speaker 1: take it to the next level. You gotta be willing
[24:58] Speaker 1: to pay. And that's what I've done. I paid for
[25:00] Speaker 1: a lot of coaching and mentorship and it's brought me
[25:02] Speaker 1: to the next level. I've heard this terminal a lot.
[25:07] Speaker 1: Can you break free from debt through?
[25:09] Speaker 2: The game is situated where you've got to stay in debt?
[25:14] Speaker 1: Correct, brother Muhammad. So when people call I use the
[25:17] Speaker 1: term debt free, that's not real. Correct? You know that
[25:25] Speaker 1: that freedom is real, It is attainable, and it is
[25:30] Speaker 1: it's a beautiful space to be in. I mean, now
[25:33] Speaker 1: you older, you tell me right, and now you don't
[25:36] Speaker 1: have a credit card, bit that, don't have a credit card,
[25:40] Speaker 1: don't have a car note, don't have a house note.
[25:44] Speaker 1: Uh yeah, it's it's it's a beautiful space. But now
[25:48] Speaker 1: now it comes with a price. It comes with a
[25:50] Speaker 1: price for the average person. It may take two to
[25:52] Speaker 1: seven years to accomplish that. And I don't want to
[25:55] Speaker 1: paint a rosy picture. But all I can say is
[25:57] Speaker 1: it is sure worth it. It is show worth it.
[26:00] Speaker 1: Remember when we were on our journey, I asked my
[26:04] Speaker 1: wife how much was her student loans. She said fifty thousand,
[26:09] Speaker 1: and so we got into an argument. Fifty thousand. She said, yeah,
[26:12] Speaker 1: you told me to the first. I said, I didn't
[26:13] Speaker 1: tell you to the first. We going back and forth,
[26:16] Speaker 1: you know what I'm saying. So once cooler hands prevailed,
[26:19] Speaker 1: I said, all right, all right, we need to win it.
[26:21] Speaker 1: We don't do it together. I love it. I was like,
[26:25] Speaker 1: you've never heard that. Yeah, no, no, At that time,
[26:28] Speaker 1: that was huge for us. That was huge. And so
[26:31] Speaker 1: it's like sometimes because I'm married too, and sometimes my
[26:34] Speaker 1: wife will say something, I go and she goes, I've
[26:36] Speaker 1: told you that, right, right right, But here here's the
[26:40] Speaker 1: Kings party shine. After cooler Hands prevailed, we said, okay,
[26:44] Speaker 1: let's attack it. We pulled the credit report. The real
[26:47] Speaker 1: number was seventy two thousand. Almost fell out my shit.
[26:52] Speaker 1: I was like, oh my god. It took everything, But
[26:55] Speaker 1: you know, we stayed the course. We fought through it,
[26:59] Speaker 1: and today that's a major part that that binds us,
[27:02] Speaker 1: that journey. So, uh, yeah, it is attainable. It is
[27:07] Speaker 1: a process. You linked with the right community, we can
[27:10] Speaker 1: help you accomplish that. It's a it's a it's a
[27:12] Speaker 1: phenomenal reality. Yeah.
[27:13] Speaker 2: Because now with you, my brother, how do I create
[27:17] Speaker 2: that financial game plan with your brother Mohammad. You know
[27:20] Speaker 2: you're my person, You're my personal financial coach. Now you
[27:23] Speaker 2: are consulted with you it's free. So now I'm going
[27:26] Speaker 2: I like this brother, he got everything. He's saying all
[27:29] Speaker 2: the right things to me. How do you create that
[27:32] Speaker 2: game plan for me?
[27:33] Speaker 1: Well, we're gonna We're gonna start with a discovery call
[27:36] Speaker 1: and we're just gonna open up your financial situation and
[27:38] Speaker 1: let you see it for yourself. Everything. We're gonna look
[27:41] Speaker 1: at all the ins and out. And once we look
[27:43] Speaker 1: at all the ins and out, we're gonna give you
[27:45] Speaker 1: a game plan that starts from scratch that allows you
[27:48] Speaker 1: the one to get out of the situation you in
[27:52] Speaker 1: to begin to capitalize. The first phase of capitalization is
[27:55] Speaker 1: an emergency fund. The second phase is a homeowner down
[27:59] Speaker 1: payment unless you are we have it, and the third
[28:01] Speaker 1: phase is building up that opportunity fund and then show
[28:04] Speaker 1: you how to post the market correctly. So I'm giving
[28:07] Speaker 1: a over view, but trying to give me some insight
[28:11] Speaker 1: to how we put you on a plan and work
[28:14] Speaker 1: with you a lot of asks those questions and work
[28:17] Speaker 1: through that process.
[28:19] Speaker 2: The process is this, if I sit down with you,
[28:24] Speaker 2: do I need life insurance? Brother Muhammad. Do I need
[28:27] Speaker 2: life insurance? Does the everyday person need life insurance?
[28:32] Speaker 1: So personal finance is personal, so there needs to be
[28:36] Speaker 1: a personal assessment to answer that question. Generally speaking, yes,
[28:41] Speaker 1: there's some one off situations where you're single, no children,
[28:46] Speaker 1: nobody's depending on you. You may get away with a burial
[28:49] Speaker 1: policy you know you don't have any assets or whatever.
[28:53] Speaker 1: But generally speaking, we need to get into the business
[28:56] Speaker 1: of insurance to promote this intergenerational exchange of wealth so
[29:00] Speaker 1: that we can compete with our counterparts. So we strongly
[29:04] Speaker 1: encourage you to get that insurance policy in place. Absolutely.
[29:08] Speaker 2: I'll tell you something, This has been fun, fun and
[29:11] Speaker 2: educational for me. I love your personality, I love your
[29:15] Speaker 2: approach there. How do we in touch with you, Brother Mohammad.
[29:18] Speaker 1: There's a few ways you can go to wealth coachingstratusphere
[29:21] Speaker 1: dot com. You can email me at support at wealth
[29:25] Speaker 1: Coaching stratusphere dot com. I'm on Instagram at wealth Coaching
[29:30] Speaker 1: stratusphere and uh yeah, I just love to connect with you.
[29:34] Speaker 1: Send me an email, let me know what your questions are,
[29:36] Speaker 1: concerns though, and however wee can serve you. We'd be
[29:38] Speaker 1: happy to do so well.
[29:39] Speaker 2: He's up there doing big things down and Katie, Texas,
[29:42] Speaker 2: which is right outside of Houston, Texas, my hometown. He's
[29:46] Speaker 2: a personal finance coach, a wealth coaching stratosphere. He's brother
[29:50] Speaker 2: Majiahad Mohammed. Thank you for coming on Money Making Conversation
[29:54] Speaker 2: master Class, my friend.
[29:55] Speaker 1: Thank you, brother sign. We'll talk to yes, sir. Thank
[29:59] Speaker 1: you for listening to the episode.
[30:00] Speaker 2: No, I need for you to do me a favor
[30:03] Speaker 2: right now to follow or subscribe to Money Making Conversations.
[30:06] Speaker 2: It's free and you can find it on the iHeartRadio app, Spotify,
[30:11] Speaker 2: Apple Podcasts, or wherever you get your podcasts. Please do
[30:15] Speaker 2: me that favor, follow or subscribe Money Making Conversations.
[30:20] Speaker 1: Keep winning

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