Melanin Money Show

Hosted by Melanin Money Media

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About the show

The Melanin Money Show is the official destination for aspiring Melanin Millionaires. You’ll learn Entrepreneurship, Wealth building and Personal Finance insights to take your money and life to the next level.

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60 recent

28 min

5 Things YOU CAN BUY to MAKE MORE MONEY! | Episode 261

Join Our Wealth Workshop : https://www.joinwealthworkshop.com/register?el=videocrissain&utm_source=direct_to_ticket&utm_medium=yt George and Carter get real about lifestyle upgrades — which ones actually pay for themselves, and which ones are just lifestyle creep in disguise. From house managers to first class flights to luxury vehicles, they break down the exact math behind buying back your time, plus the upgrades they regret (designer clothes, too much house too soon) so you don't have to learn the hard way. What You'll Learn: How to calculate the real ROI on hiring a house manager or personal assistant Why flying first class can pay for itself (and how to make it work for you) The "job beneath the job" strategy for getting access to high-level rooms Why buying too much house too soon can backfire, even if you can afford it How to know when you're financially ready for a lifestyle upgrade Why designer clothes are one of the worst ROI purchases you can make Disclaimer: This content is for educational purposes only and should not be considered financial advice. Please consult with a licensed financial advisor before making investment decisions. Timecodes Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

21 min

Stocks Reach ANOTHER Record High - Should You KEEP BUYING!?! | Episode 260

Stocks Reach ANOTHER Record High - Should You KEEP BUYING!?! Prices are climbing. Headlines are screaming. Everybody's panicking about the economy — but the wealthy aren't. In this episode, George and Carter break down how to think like an investor when the market feels unpredictable, why buying when others are fearful is the ultimate wealth move, and the one money move you need to make before the year is out. Find out : Why day-to-day news moves price, not value — and how to tell the difference How to build an "opportunity fund" without sitting on the sidelines out of fear The Peter Thiel quote that explains why market timing costs you more than crashes do Why missing the 10 best trading days can cut your portfolio in half The "buy Jordans on sale" mindset — and how to apply it to investing The one financial audit that could unlock money you didn't know you had ⚠️ Disclaimer: This content is for educational purposes only and should not be considered financial advice. Please consult with a licensed financial advisor before making investment decisions. Timecodes: 0:00] Stop Fearing the Market — Start Buying It [0:40] Should Everyday Investors Worry About the News? [7:33] How to Know When to Actually Make a Move [9:17] How to Protect Your Portfolio Right Now [11:43] Don't Wait for the Perfect Time — Here's Why [13:02] Inflation & Taxes — What You Should Actually Buy [14:31] Is There a Perfect Time to Get In? [15:56] The Truth About Timing the Market [18:06] Get Honest About Where Your Money Is Going [19:07] Be Greedy When Everyone Else Is Scared [20:06] You're Choosing Stuff Over Stocks — Be Honest [21:11] Your Future Self Is Counting on You Now Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

27 min

If YOUR MONEY Doesn't Move IT ISN'T SAFE - Do This Now! | Episode 259

If you are not moving your money around into healthy accounts, it WILL lose its value! In this Q&A episode, we're answering your biggest money questions — from investing basics to advanced tax and real estate strategy — straight from the Melanin Money community. In this episode, you'll learn: Whether you can write off business expenses paid with a personal credit card How to start investing the right way (even if you're starting small) How to legally pay your children from your business and fund a custodial Roth IRA How to borrow against your brokerage portfolio without selling your investments How to use an old 401(k) to fund a real estate remodel without paying taxes or penalties How to structure a tax-efficient real estate strategy in retirement using cost segregation This content is for educational purposes only and is not financial, tax, or legal advice. Always consult a licensed professional before making investment decisions. Have a money question of your own? Drop it in the comments — we may answer it in a future episode. And if you want personalized strategy, join us for Wealth Week and get direct access to our team. Timecodes: Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

40 min

Your Money Habits Are Working Against You! ( Here's Why) | Episode 258

Join Our Wealth Workshop : https://www.joinwealthworkshop.com/register?el=videocrissain&utm_source=direct_to_ticket&utm_medium=yt You could be actively working against your own wealth without even realizing it — and the habits that are pushing money away from you are more common than you think! In this episode, you'll learn: Why saving alone will never make you wealthy (and what to do instead) The mindset shift millionaires make between treating money as a "tool" vs. a "pool" How to identify the habits quietly sabotaging your financial growth What it actually means to make your money work for you This content is for educational purposes only and is not financial, tax, or legal advice. Always consult a licensed professional before making investment decisions. Ready to stop guessing and start building real wealth? Join us for the Multiply Your Money workshop and learn the exact strategies wealthy people use to grow and protect their money. Timecodes: 0:00 Cash Flow Over Bank Balances 1:20 Revenue Advice By Income Level 2:08 Why Wealthy Pay Less Tax 3:40 Five-Part Wealth Building Blueprint 5:08 Three Levels Of Tax Savings 7:43 Biggest Mistake High Earners Make 12:31 Cash Flow Now Vs Equity 14:06 Right Business Entity Structure 16:06 Passive Beats Active Income 19:49 Wealth Triangle And Risk Mindset 22:16 Trump's New Tax Bill 27:19 Avoid Passing Down Tax Bills Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

19 min

How to Pick Winning Stocks: Buy the Business, Not the Ticker | Episode 257

Most people pick stocks based on price. Smart investors pick stocks based on the business behind them. In this episode, Carter Cofield (CPA) and George Acheampong break down the 5 business principles they use to run their own company — and show you how applying those same principles to stock picking can make you a far better investor. In this episode you'll learn: 📊 Why reviewing your P&L and balance sheet tells you more about a stock than the news does 🎯 Why "hire slow, fire fast" applies directly to picking (and dropping) stocks 🚀 Why innovation is the difference between the next Apple and the next Blockbuster 💰 How diversifying revenue streams in a business mirrors diversifying your portfolio 📈 Why keeping your top-performing stocks (and avoiding unnecessary capital gains tax) builds real long-term wealth 🏢 The Warren Buffett principle behind it all: don't buy the stock, buy the business This is a must-watch if you've ever picked a stock based on price alone and wondered why it didn't perform. ⚠️ This is not financial advice. Please consult a licensed advisor for your specific situation.

21 min

Extra Income? Don't Day Trade It, Do This Instead ! | Episode 256

Get Your Tickets To Wealth Weekend 2026 Here : http://wealthweekend2026.com/?el=yt_mms60326&utm_source=yt&utm_medium=mms080726 You're earning well and sitting on extra capital — but is day trading actually the smartest way to grow it? In this episode of the Melanin Money Show, Carter Cofield (CPA & Financial Advisor) and George Acheampong (Financial Advisor) break down why concentrating on your career or business — not chasing short-term trades — is the real wealth-building lever for high earners with surplus income. We'll also cover: Should you day trade or invest long-term with your extra income? — The "wealth triangle" framework: concentrate to get rich, diversify to stay rich. Plus how to use long-term options (LEAPS) if you still want to scratch the trading itch. Should you borrow against your whole life insurance policy to invest? — How non-direct recognition loans work, why your $100K cash value keeps earning interest while you invest it elsewhere, and the real break-even timeline most agents won't tell you. How many LLCs do you need for 3 rental properties? — The $250K equity-per-LLC rule, how a Wyoming holding company gives you full anonymity, and why Texas series LLCs can save you thousands in annual fees. Did your CPA cost you a $150K tax deduction? — Why skipping the cost segregation study on your short-term rental could mean leaving six figures on the table, and how to fix it with an amended return before the October 15 deadline. Should you still contribute to a 401K if your employer gives you a 5% match for free? — The exact order to stack your accounts: employer match → Roth IRA → HSA → brokerage → 401K. ⚠️ This is not financial advice. Please consult a licensed advisor for your specific situation. Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

33 min

You Feel Overworked And Underpaid? Take More Risk and Make Millions! | Episode 255

Get Your Tickets To Wealth Weekend 2026 Here : http://wealthweekend2026.com/?el=yt_mms60326&utm_source=yt&utm_medium=teriijeoma Order Teri's Book " A Risk Worth Taking " Here 👇 https://www.amazon.com/exec/obidos/ASIN/163763465X What does it take to go from assistant principal to a 9-figure net worth trader? Teri Ijeoma is living proof that the biggest risk you'll ever take is the one you don't. In this episode of the Melanin Money Show, recorded live at the New York Stock Exchange, we sit down with one of the most impactful Black women in the investing and trading space. Terry Latrice built a trading empire from scratch, helped create millionaires out of everyday people, and is now releasing her debut book — The Risk Worth Taking — to reach even more people who never thought the stock market was for them. This is not your average trading conversation. This is a masterclass on risk, identity, wealth building, and what it really means to bet on yourself when everything is on the line. In this episode you'll learn: How Terri went from assistant principal to generating over a million dollars in a single trading day. Why Black women are statistically the least likely to take financial risk — and how that fear is costing them generational wealth. Why the strategies that build your wealth are completely different from the ones that will preserve it! How to think about opportunity cost so that fear stops making your financial decisions for you Why over 600,000 unemployed Black women are sitting on severance and savings that could be working for them right now! and more! Follow Teri Ijeoma on Instagram : https://www.instagram.com/teriijeoma?igsh=NTNrazh3cXdoY29w Timecodes: 0:00 - Nine Figures From Nothing 1:05 - Welcome to Melanin Money Show 1:25 - Hotel Room to New York Stock Exchange 2:13 - Why She Wrote the Book 3:32 - From Principal to Million Dollar Trader 4:14 - Granny's Bet Changed Everything 5:24 - Million Dollars in One Day 6:18 - Amazon Driver Became a Millionaire 7:28 - Your Obedience Unlocks Someone's Destiny 8:38 - Why Black Women Avoid Risk 9:09 - Sacrifice Kills Your Risk Tolerance 10:09 - How to Take Smart Risk 11:14 - The Opportunity Cost of Fear 12:22 - How Terry Diversifies Her Wealth 13:00 - Real Estate Land and Venture Capital 14:05 - SpaceX Created 4000 Millionaires Today 14:28 - Save for Opportunities Not Emergencies 15:01 - The $24K Loss That Built Her 16:14 - Elon Gave SpaceX 10% Odds 17:29 - The Biggest Risk She's Taking Now 18:46 - Four Years to Write One Book 20:19 - Penguin Random House Called. She Almost Said No. 21:30 - Why She Made It a Love Story 23:34 - There's a Cute Guy in the Book 24:00 - The Secret Romance Nobody Knew 25:48 - Book Tour Hits Four Major Cities 26:30 - This Book Tour Feels Like Class 28:09 - What Black Billionaire Really Means 29:29 - Shattering Ceilings for the Next Generation 30:19 - 600K Black Women Fear Investing 31:00 - 100K Views Equals 100 Free Books 31:43 - Full Circle Moment at the NYSE Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

23 min

If You Listen To Bad Money Advice, The Future You Pays! | Episode 254

Get Your Tickets To Wealth Weekend 2026 Here : http://wealthweekend2026.com/?el=yt_mms60326&utm_source=yt&utm_medium=chrisjckson Let's break down the most costly retirement and tax mistakes people are making right now — including one financial advisor who told a client two years from retirement to withdraw $900K from her IRA and dump it all into an annuity. That one recommendation would have triggered a $400K+ tax bill before she saw a single dollar of guaranteed income. We break down exactly why that advice was dead wrong and what she should have done instead. We also cover: — Whether you can contribute to a backdoor Roth IRA if you already have a Roth 401K with your employer — The difference between a self-directed IRA and a regular IRA and which one is right for you as you approach retirement — S Corp vs C Corp — which entity structure saves you more when your business is generating millions in profit — The CPA mistake that could cost you an entire year of S Corp tax savings without you even knowing — Why going 1099 instead of W2 might actually be the smartest retirement move you haven't considered yet Whether you're trying to protect your retirement savings, reduce your tax bill, or just make sure your money is working as hard as you are — this episode is exactly what you need to hear before you make another financial move. Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

37 min

Your Job Will Never Make You Wealthy - Until You Do This! | Episode 253

Most people are one wake-up call away from building real wealth in the stock market — they just haven't had theirs yet. In this episode, filmed live at the New York Stock Exchange, we sat down with Chris, a 6-year trading veteran who spent 15 years grinding through corporate America before discovering the stock market changed everything. Chris went from making $11/hour at Citibank with a $6 raise over nine years, to trading his way to $84,000 in a single day. This conversation is raw, real, and packed with lessons you won't hear from most finance influencers — including how he almost blew up his account chasing AMD, why he compares his trading strategy to a relationship, and the powerful moment his wife's car title became the turning point that changed his family's financial future forever. Whether you're brand new to investing, curious about options trading and technical analysis, or trying to figure out how to make your money work harder than you work for it — this episode is for you. Timecodes : 00:00 — Build Wealth While Clocking In 01:02 — Welcome to the NYSE | Meet Chris Jackson 03:23 — Nine Years. Six Dollar Raise. He Snapped 06:00 — How Corporate America Keeps You Broke 08:03 — The Car Title That Changed Everything 11:11 — A Wine Tasting That Sparked His Trading Career 14:50 — The Strategy That Makes Trading Make Sense 21:33 — Behind the Numbers | His $84K Day 24:27 — The $5K Loss That Woke Him Up 26:24 — Why Faith and Finances Are Connected 33:07 — How He's Teaching Others to Trade Free 34:55 — What It Means to Be a Melanin Millionaire Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

18 min

You Selling Your Stocks Is Actually the Wrong Move! ( DO THIS INSTEAD) | Episode 252

Get Your Tickets To Wealth Weekend 2026 Here : http://wealthweekend2026.com/?el=yt_mms60326&utm_source=yt&utm_medium=mms60326 The stock market just exposed millions of investors — and most don't even know it yet! Whether you're just getting started or you've been investing for years, these five mistakes will cost you significantly if you keep making them — and knowing them now could change the trajectory of your entire financial future! Timecodes: 00:00 – Stop Selling Gains! 01:28 – Stop Timing The Market 03:15 – Carter's Palantir Story (Real Talk) 04:36 – Missing 10 Days Cuts Returns 50% 05:18 – Base Hits Build Wealth 07:28 – Stop Chasing The Next Hot Stock 09:06 – Dollar Cost Averaging Wins 11:06 – Diversification Saves Portfolios 12:46 – The Quote That Changes Everything 14:10 – Borrow Don't Sell 15:24 – Keep Your Portfolio AND Buy More 17:14 – Flip These Mistakes Into Strategies Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en