Trading Time for Money is a Losers Game - Felecia Froe, MD

02/07/2023 51 min
Trading Time for Money is a Losers Game - Felecia Froe, MD

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Episode Synopsis

Women need to be free from the bondage of relationships and work they don't think they have to be in. 

In this episode, Felecia Froe talks about her journey into medicine. Despite her idealism, Felecia soon finds out how difficult it can be for a woman in today's society when she faces discrimination when trying to take time off after having her baby. But thanks to finding the right people with experience, Felecia was able to transition into a new career that allowed her to gain financial freedom and independence. She also explores how she built wealth despite the challenges she faced, why it is important to understand what you're doing before investing, and how having access to financial resources can help women make decisions that are in their best interests. 

Tune into this podcast episode as we discuss building wealth with Felecia!

[00:01 - 17:12] Breaking Free From the Bondage of Relationships and Work

The American dream often leads people into unknown situations without them knowing what they are signing up for

Felecia wanted to become a physician to take care of herself financially after living in a household with domestic violence

Trading time for money felt like a high-paid factory worker

How Felecia decided to walk away from the project, which ended her marriage


[17:13 - 31:19] Finding the Right Advisors to Help You Achieve Your Goals 

It is not easy to invest in real estate, and it is important to get help from experienced people

If you want to retire earlier than 59 and a half, you will have to pay taxes and penalties on the money in your 401k

Education and overconfidence can lead to mistakes

Find people smarter than you in the real estate investing space, and join communities for support, questions, and encouragement


[31:20 - 39:30] Women Supporting Each Other to Achieve Financial Freedom

Do your due diligence when joining a group

Women have only recently had access to their own bank accounts and credit cards

Wealth Builders is a female group focused on helping women invest

This community fosters relationships and encourages growth

Their mission is to give women the financial ability to leave any job or relationship that is not in their best interest


[39:31 - 46:17] Creating a Track Record of Success and Invest Outside of Wall Street

Wealth Builders gives women access to knowledge and resources outside of Wall Street to create income that can supplement or replace their existing income

Wealth Builders also provides community, accountability, fun events, and access to networks that would otherwise take time and trial and error


[46:18 - 49:01] Closing Segment

See the links below to connect with Felecia

Final words



Quotes:

"It looks easy until it's not. Everything is easy. Remember the stock market going up? Anybody could buy stocks and make money until you couldn't. And if you didn't know what you were doing, you didn't have the fundamentals; you were going to get hammered." - Felecia Froe, MD

"You don't know what you don't know, and those things can bite you hard, and you end up in a place where you just, you want to cry." - Felecia Froe, MD

"I want every woman to have the financial ability to leave any job or relationship that is not in her best interest."

"Trading your time for dollars is a loser's gain." - Felecia Froe, MD


Connect with Felecia!
Website: www.MoneywithMission.com 


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