This week on the Wealth Wellthy Podcast, I interview “The Queen of Green,” LaShawne Holland. My good friend Monica Ledell introduced me to LaShawne. And, what a great introduction. It didn’t take us more than 5 minutes to start finishing each other’s sentences.
Having known LaShawne for years now, I have enjoyed watching her success (and wealth) grow. She is a woman who walks her talk!
In this episode, we discuss wealth-building. LaShawne is really passionate about family wealth so she discusses the important role of money in her marriage and family.
LaShawne explains how from an early age she knew she “didn’t want to be broke.” With that understanding, LaShawne sought advice from people she knew and respected. Following some great advice, she turned a $3 thousand bonus check into a half-million dollars. With that profit, LaShawne was on her way to building wealth!
Throughout our conversation, LaShawne weaves really helpful examples of how to raise children with a strong money mindset and strategies for sending children to college without accruing any debt.
This is a great episode for parents and for anyone looking for realistic strategies for building wealth.
In this episode you will learn:
- The importance of working as a couple to build wealth, sharing dreams, visions, and plans about how to manage money and invest as a couple.
- Realistic strategies for avoiding debt and helping your children avoid student loan debt.
- How a growth mindset allowed her and her husband to overcome tremendous challenges and obstacles on their way to achieving their personal and financial goals.
- What a poverty mindset is and how it keeps people in poverty.
- The biggest financial mistakes people are making right now.
Here are a few of my favorite LaShawne money quotes:
When did you become interested in money?
“In third grade I was asked what I wanted to be when I grow up….I said, ‘I don’t want to be broke,’ because a kid in class named Joseph was always teased for living in a trailer park (and being broke).”
What role has money played in your marriage?
“We realized that we had been making different decisions all along, and we decided to build a marriage. We took divorce off the table, and we talked about money every day, and we’ve never had one argument over money.”
When did you know that you wanted to be an entrepreneur?
“I’m 30 and in charge of the company, and I don’t want to be there. And I remember picking up the phone calling my husband one day crying, saying I don’t want to be here. I don’t know where I’m supposed to be. But I know it’s not supposed to be here.”
What is a poverty mindset?
“…a poverty mindset, to me, is anything that doesn’t put me closer to what my values are, what my dreams are, what the vision is, you know, for my level 10 life that I want to be able to live.”
What differences do you see between wealthy and unwealthy people?
“…financial literacy is very, very important, because you can make different decisions. My wealthy friends make very different decisions than my friends who are not wealthy. And they’re able to live life on a different level, because of it. And so mindset is really, really important.”
And finally, bust a myth for me LaShawne ..
“The myth is the belief that ‘time is money.’ I don’t believe this. I think time is way more valuable than money. Because if I lose money, I can always get more. But if I lose and waste my time, I can’t go back and get that back.”
Connect with LaShawne Holland: