Listen "Trading Time for Money is a Losers Game - Felecia Froe, MD"
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
LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes.
Dreamcatchers is an inclusive organization that targets people's interest in being more instead of a certain demographic. We have people from all walks of life at many different ages. Find out more at www.dreamsshouldbereal.com. Find out more about Jerome at www.d3v3loping.com or www.myersmethods.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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
LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes.
Dreamcatchers is an inclusive organization that targets people's interest in being more instead of a certain demographic. We have people from all walks of life at many different ages. Find out more at www.dreamsshouldbereal.com. Find out more about Jerome at www.d3v3loping.com or www.myersmethods.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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