Melanin Money Show

Your CPA might be costing you thousands — and you don't even know it. In this episode of the Melanin Money Show, Carter and George answer the real questions their top clients are asking, live and unfiltered. From the $21,420 difference between an LLC and an S Corp, to why putting your rental property in an S Corp could cost your family $180,000 — this is the tax advice most people never get access to. Plus: the art donation strategy billionaires use, how donor-advised funds let you give smart and save big, and why filing a tax extension might be the best financial move you make this year. In this episode: S Corp vs LLC — the real tax difference nobody talks about Why your real estate should NEVER be in an S Corp How to use a tax extension to max out retirement accounts Donor-advised funds explained (and why they beat regular giving) The art donation strategy used by billionaires Private family foundations — what they are and who they're for Stop tipping the IRS — invest it, give it, or keep it Join our free 5-Day Wealth Workshop: Timecodes Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

Most business partnerships fail before they even start! The arguments, the blind spots, the ego checks, the silent pressure, and the moments where the wrong word could have broken everything. If you're thinking about going into business with somebody — a friend, a family member, a colleague — do not make that move until you watch this episode. 💬 "You can have 100% of a small pie or 10% of a watermelon. One of them will keep you hungry." — George Being a solo entrepreneur has a ceiling. The right partner breaks through it. The wrong one brings the whole ceiling down on top of you. 💪🏾 Follow us for more value: https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

Get Your Tickets To Wealth Weekend here : https://wealthweekend2026.com?el=hyrosutm&utm_source=mainsource&utm_medium=podcast Most people are trying to build wealth with one person. That's the problem. Your CPA files your taxes. Your financial advisor picks your investments. Your insurance agent sells you a policy. But none of them are talking to each other — and that gap is costing you more than you think. In this episode, George and Carter break down the Money Team framework — the coordinated, five-pillar financial structure that the ultra-wealthy have used for decades and what it actually looks like to have professionals working together toward your goals instead of in silos. In this episode you'll learn: This is the system the wealthy don't talk about — now you know it exists. Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

Can money buy happiness? Most people say no — but Carter and Jorge from The Melanin Money Show say that's the wrong question. Both hosts grew up with nothing and built wealth from the ground up. In this episode, they break down 5 real-life areas where money changes everything: health, relationships, experiences, mental well-being, and personal development. This isn't a flex — it's perspective. If you've ever felt guilty for wanting more money, or told yourself that rich people aren't happier, this episode will challenge everything you think you know. Money turns emergencies into inconveniences. It gives you the mental space to think clearly and build generationally. And according to Carter and Jorge — the best thing you can ever do with money is give it away. Subscribe to The Melanin Money Show for weekly conversations on Black wealth, entrepreneurship, financial freedom, and building a life you actually want to live. Drop a comment below — do YOU think money buys happiness? #MelaninMoney #BlackWealth #MoneyMindset #FinancialFreedom #WealthBuilding #Entrepreneurship #GenerationalWealth #DoesMoneyBuyHappiness #MoneyAndHappiness #BlackEntrepreneurs

If you're in your 40s and retirement feels impossible, this episode is your wake-up call. George and Carter break down their proven four-step framework to help you become a millionaire by retirement—even if you're starting late. From unlocking advanced investment strategies beyond basic 401(k)s to leveraging real estate tax breaks and retirement plan stacking, this conversation is packed with actionable wealth-building tactics designed for high-earning W-2 professionals and aspiring entrepreneurs. Learn how the tax code rewards owners and investors, discover the short-term rental loophole that can slash your tax bill by tens of thousands, and find out how consulting for equity can generate passive income without starting a business from scratch. This isn't theory—it's the exact playbook George used to help his sister retire at 40 and move to Portugal. Whether you're looking to grow your money faster, keep more from the IRS, or create multiple income streams for financial freedom, this episode delivers the roadmap to generational wealth and early retirement. In This Episode You'll Learn to

Who should you trust to give you direction with your money? With the chaotic world of financial creators and influencers flooding your timeline with investment advice, tax tips, and wealth-building strategies, we have to be careful. From wannabe financial gurus pushing "flip" schemes to self-proclaimed experts advising you to become your own bank before you even have money in your current one, we break down the red flags you need to spot before you lose your hard-earned cash. If you're overwhelmed by conflicting money advice online and ready to build real generational wealth, this episode is your roadmap to cutting through the noise! Because generational wealth isn’t built by accident — it’s built through education, intention, and consistency. Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

What if wealth isn’t just about strategy — but about a decision? In this episode of the Melanin Money Show, Rashad and Troy sit down with financial strategist, author, and investor Dominique Broadway to talk about the mindset, strategy, and financial tools that can transform your life. Dominique shares the powerful story behind her bestselling book “The Wealth Decision,” including how she went from foreclosure and financial stress to building a thriving financial education platform helping women, families, and investors build wealth with confidence. The conversation dives deep into money mindset, why many people unknowingly make “broke decisions,” and how shifting your beliefs about wealth can change your financial trajectory. Dominique also breaks down how options trading works, how it can create additional income streams, and how she’s helping everyday people build financial independence. You’ll also hear her approach to raising financially literate children, why investing for your kids early matters, and how learning financial skills can create real generational wealth. If you’re serious about building wealth, shifting your mindset, and creating financial freedom, this is an episode you don’t want to miss. In This Episode You’ll Learn: • Why wealth starts with a decision, not just financial strategy • How mindset and affirmations can reshape your relationship with money • The mistake many entrepreneurs make when pricing their services • How options trading can create additional income streams • Why investing for your kids early can create generational wealth • The importance of building financial skills that can never be taken away

Building generational wealth isn’t just about leaving money to your children — it’s about leaving them the knowledge to keep it. In this episode of the Melanin Money Show, we break down the five financial lessons every parent should teach their kids if they truly want to create lasting wealth. Because the truth is simple: giving your children money without teaching them financial principles almost guarantees the wealth will disappear. Too many families focus on giving their kids the things they never had — but not enough focus on teaching the lessons they never learned. We cover practical strategies for teaching kids about investing, discipline, financial decision-making, and how to develop the mindset required to build wealth over generations. Whether your child is 4 years old or 24, these principles can completely change the financial future of your family. Because every legacy starts with one legend — and that legend might be you. In This Episode You’ll Learn • Why teaching financial principles is more important than leaving money to your kids • How the “pay yourself first” rule can make it almost impossible for someone to go broke • Why you should reward children for learning, not just working • The powerful money rule: If you can’t buy it twice, you can’t afford it • How to teach kids the difference between borrowing to build wealth vs borrowing to consume • Why time and early investing are the biggest advantages your children can have If you want your kids to build wealth instead of losing it, the conversation has to start early. Teach them how money works, help them develop discipline, and show them how to make their money work for them. Because generational wealth isn’t built by accident — it’s built through education, intention, and consistency. Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

In this episode, Peter Tuchman, the "Einstein of Wall Street," shares decades of market wisdom. We explore how to stay disciplined during volatility, avoid emotional investing, and recognize long-term opportunities. Tuchman also discusses AI’s role in trading and why education is key. You'll learn: Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

Is the wealth gap really a wealth gap… or is it a spending gap? In this episode of The Melanin Money Show, the conversation shifts from blame to responsibility—and from history to ownership. Black spending power sits at $1.6 trillion annually. And yet, 80% of it leaves our community. The hosts challenge listeners to stop focusing only on what happened in the past and start asking a harder question: What are we going to do with the information we have now? This isn’t about shame. It’s about strategy. This conversation dives into: • Why closing the wealth gap may only require a 10% shift • The difference between a spending problem and an ownership problem • Why “buy it twice” might be the discipline that builds wealth • The critical difference between debt and leverage • How environment shapes financial identity • Why wealth is an identity before it’s an income • The danger of consuming information without changing behavior • How belief, behavior, and boundaries determine your financial future The episode pushes beyond tactics and into something deeper: You don’t need another hack. You need a shift in identity. Because if poverty feels normal, wealth will always feel optional. But when ownership becomes the standard… everything changes. What do you actually believe is possible for you? Once you define that, your behaviors—and your boundaries—have to match. Until they do, the gap won’t close. You can follow the conversation and connect further here: https://www.instagram.com/melaninmoney https://www.instagram.com/cartercofield https://www.instagram.com/georgeacheampong If this episode challenged you, share it with someone who’s ready to move from consumption to ownership.

In this episode of The Melanin Money Show, we sit down with Pastor Lee Allen Jenkins — former NFL player, Wall Street executive, and now senior pastor — to tackle one of the most misunderstood topics in our community: Does God want us to be wealthy? This conversation bridges faith, finance, culture, and responsibility. From debunking the myth that “money is the root of all evil” to breaking down stewardship theology, generational wealth, and the wealth gap in the Black community, this episode is both empathetic and empowering. We explore how history shaped our financial habits — but why this generation has no excuse not to change them. From conspicuous consumption to fractured family units, from exposure to mindset shifts, this episode calls for ownership, education, and long-term thinking. If you’ve ever wondered how faith and finance truly intersect — this one is for you. Learn : Why “money is the root of all evil” is a misinterpretation — and what the Bible actually says. The difference between poverty theology, prosperity theology, and stewardship theology. Why stewardship isn’t just management — it’s multiplication. How the Parable of the Talents applies directly to wealth building. Why wealth is built through concentration and preserved through diversification. What Pastor Jenkins learned from Jewish clients about generational wealth. The dangers of conspicuous consumption in the Black community. Why family structure plays a critical role in generational wealth. How history shaped our financial habits — but doesn’t define our future. Why representation and financial education are key to closing the wealth gap. The mindset shift from “single-generation consumption” to multi-generational legacy. and more!

This is where the Melanin Money strategies come together. Join us for the 5-Day Wealth Workshop and learn how to apply what you’ve heard on the show. Sign up here ⬇️ https://www.joinwealthworkshop.com/register?el=video2020526&utm_source=direct_to_ticket&utm_medium=yt Timecodes 0:00 What Allowed You to See You'd Be a Millionaire on $36K Salary 1:01 Millionaire Mentors Showed Me How Real Millionaires Live 1:48 Common Mistakes People Make After Hitting $100K 2:21 People Focus on Income Not Wealth 3:01 It's Frugal to You Make It Not Fake It to Make It 3:42 How to Unwind Trauma Before It Destroys Your Financial Health 4:25 Our Mindset Was Infected in 1619 Like a Virus 5:16 Four Steps to Transform Your Mindset and Millionaire Values 6:29 You Have to Change Your Environment First 7:36 Change Your Programming Through What You Read and Watch 8:44 Practice Different Habits to See Different Results 10:12 It Takes Time to Change Your Mindset 12:48 The Strip Club Experiment Watching Money Get Thrown Away 19:06 Jermaine Dupri Was Spending $10K a Week at Strip Clubs 19:53 Jeff Bezos Wouldn't Throw Money Away He Knows Opportunity Cost 20:34 Being Wealthy Is More Important Than Looking Wealthy 21:33 We Need to Shift Our Values and Priorities 22:19 Everyday Millionaires Need to Be More Visible 23:33 Top Three Money Lessons From Wealthy Mentors 24:22 Listen to Your Mentors Even When You Don't Want To Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

This is where the Melanin Money strategies come together. Join us for the 5-Day Wealth Workshop and learn how to apply what you’ve heard on the show. Sign up here ⬇️ https://www.joinwealthworkshop.com/register?el=video2012226&utm_source=direct_to_ticket&utm_medium=yt Timecodes 0:00 Are We in an AI Bubble in 2026? 0:34 New York Stock Exchange Texas 100th Listing 1:02 AI Valuations Continue to Climb at All Time Highs 1:49 PE Ratios at Record Highs and Companies Inflating Each Other 2:16 The Buffett Indicator Compares GDP to Stock Market 3:02 Stock Market Is Worth 2X More Than US Economy 3:28 2007 Housing Crisis Buffett Indicator Was 106% 4:01 2000 Dot Com Bubble Buffett Indicator Was 143% 4:32 2025 Buffett Indicator Hit 225% All Time High 5:29 You Have to Dance When the Music Is Playing 6:09 AI Companies Invested $500 Billion Made $50 Billion 7:21 Microsoft Spent $80 Billion on AI This Year 8:12 Meta Ordered 600000 Nvidia GPUs for AI 9:06 Nvidia PE Ratio Shows Massive Overvaluation 10:18 Most AI Revenue Is Companies Buying From Each Other 11:48 How to Survive and Thrive During Market Corrections 13:12 Keep 80% Invested and 20% in Opportunity Fund 15:06 Never Sell During Market Downturns Buy More 17:18 Lower Your Cost Basis During Corrections 19:27 More Money Lost Predicting Crashes Than Staying Invested 20:50 Buy High Value Stocks Only on Pullbacks 22:02 Allocate 20% to Underperforming Sectors 22:44 Automate Your Investments Monthly for Dollar Cost Averaging 24:18 Market Downturns Are the Biggest Wealth Building Opportunities Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

This is where the Melanin Money strategies come together. Join us for the 5-Day Wealth Workshop and learn how to apply what you’ve heard on the show. Sign up here ⬇️ https://www.joinwealthworkshop.com/register?el=vide2o011526&utm_source=direct_to_ticket&utm_medium=yt Timecodes 0:00 Most People Have an Allocation Problem Not Income Problem 0:32 Riches vs Wealth: Income Doesn't Create Wealth 1:22 Your Paycheck Is Your First Business Partner 2:16 The 3 Account System: Fixed Expenses Emergency Wealth 2:43 Past Commitments Account: 50% of Your Paycheck 3:31 Why Investment Transfers Should Come From Your Bill Account 4:02 Emergency Fund: Keep It Invested Not Cash 4:53 Should These Be Separate Bank Accounts? 5:38 How to Set Up Direct Deposit to Multiple Accounts 6:44 The Major Expense Bucket and Everyday Spending 8:12 Calculate Your Disposable Income After All Buckets 9:45 Why Most People Fail at Investing Consistently 11:24 Dollar Cost Averaging Beats Lump Sum Timing 13:42 The Opportunity Cost of Waiting to Invest 15:30 How to Use AI to Audit Your Spending Habits 17:36 Step 1: Audit Your Spending With AI Tools 19:24 Step 2: Automate Your Investing Every Month 21:14 Step 3: Max Out Roth IRA 401k and HSA 22:24 Step 4: Invest in a Flexible Brokerage Account 23:09 Borrow Against Your Portfolio to Buy Real Estate 24:25 Comment Blueprint for the Wealth Builder Guide Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

This is where the Melanin Money strategies come together. Join us for the 5-Day Wealth Workshop and learn how to apply what you’ve heard on the show. Sign up here ⬇️ https://www.joinwealthworkshop.com/register?el=video010826&utm_source=direct_to_ticket&utm_medium=yt Timecodes 0:00 Top Stock Picks of 2026 from the NYSE 0:32 Educational Disclaimer and Research Context 0:54 Key Market Trends to Watch in 2026 1:44 Why Small Caps May Recover This Year 2:11 Energy and Infrastructure Demand Rising 2:39 Why We Picked Stocks Across Different Sectors 3:06 Avoiding Concentrated Risk in the Magnificent 7 3:37 Pick #1: Semiconductor Leaders 4:03 Why Nvidia Remains the AI Infrastructure Backbone 4:55 Nvidia's Long-Term Position in Accelerated Computing 5:50 Multiply Your Money Challenge Announcement 6:16 Pick #2: AMD as the Nvidia Alternative 7:12 Pick #3: Cloud Computing Giants 8:06 Why Microsoft Dominates Enterprise AI 9:00 Amazon Web Services Growth Potential 9:48 Pick #4: AI Beneficiaries Beyond Tech 10:36 Utility Stocks Powering AI Data Centers 11:24 Southern Company's Energy Infrastructure Play 12:12 Pick #5: Energy Transition Leaders 13:00 NextEra Energy's Renewable Power Dominance 13:48 Why Clean Energy Demand Will Surge 14:36 Pick #6: Small Cap Recovery Plays 15:24 IJR Russell 2000 ETF Explained 16:12 Small Caps as the G-League of Investing 17:00 IWN Russell 2000 Value ETF Alternative 17:54 Pick #7: International Growth Markets 18:18 Why You Need Global Exposure in Your Portfolio 18:39 VXUS International Equities ETF Breakdown 19:31 How International Holdings Smooth Out Volatility 20:16 The Portfolio Allocation Strategy Breakdown 21:05 40% Big Tech and Infrastructure Allocation 21:52 20% AI Beneficiaries for Innovation Exposure 22:18 20% Small Caps and 20% International Split 23:14 Subscribe and Share for More Equity Conversations Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

This is where the Melanin Money strategies come together. Join us for the 5-Day Wealth Workshop and learn how to apply what you’ve heard on the show. Sign up here ⬇️ https://www.joinwealthworkshop.com/register?el=video2122525&utm_source=direct_to_ticket&utm_medium=yt Timecodes 00:00 Why Money Is Not Your Worth 01:08 Introducing Rahkim Sabree 02:56 Experiencing Financial Trauma in Real Time 04:18 What Financial Trauma Really Is 05:43 Financial Trauma in the Black Community 08:13 Net Worth vs Self-Worth 10:40 First-Generation Success and Envy 13:08 The Six Sources of Financial Trauma 17:18 Institutional and Systemic Trauma 26:30 Healing Without Letting Trauma Define You 36:12 Emotional Spending and Self-Sabotage 56:44 Final Thoughts on Financial Healing Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

This is where the Melanin Money strategies come together. Join us for the 5-Day Wealth Workshop and learn how to apply what you’ve heard on the show. Sign up here ⬇️ https://www.joinwealthworkshop.com/register?el=video2122525&utm_source=direct_to_ticket&utm_medium=yt A look back at the conversations, lessons, and moments that defined Melanin Money in 2025. Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

If you want to learn how high earners legally multiply their money and keep more of it, watch the free training here. It breaks down the exact tax and wealth strategies most people never get access to. https://www.cofieldspeaks.com/optinxdx5e5vf?el=video2121825 Most people don’t have an income problem. They have a spending problem that quietly kills long term wealth. Timecodes 00:00 The Hidden Cost of Everyday Spending 01:21 The Opportunity Cost Most People Ignore 02:39 Amazon Purchases vs Owning Amazon Stock 04:41 Upgrading iPhones vs Owning Apple 07:20 Status Spending and the Wealth Delay 10:13 The Tesla Example That Changes Everything 12:44 Spend First or Invest First 13:31 Why Opportunity Cost Changes Every Decision 14:48 Trading Money vs Trading Your Life Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

Want to learn more from Larry Jones? Join his Stock Up University by clicking the link below. Use code "money" for a special discount! 👇 https://stock-up-u.teachable.com/ Financial success isn’t random — it’s the predictable result of clear decisions, long-term thinking, and avoiding the traps that most people fall into. Larry Jones ( @STOCKUPwithLarryJones ) breaks down the exact principles that helped him turn setbacks into wealth: understanding valuations, using retirement accounts strategically, building consistency with ETFs, avoiding lifestyle inflation, and keeping emotions out of investing. But this conversation also reveals the darker side of money — the patterns that keep people stuck no matter how much they earn. If you’ve ever felt behind or unsure of what to do next, Larry’s insights cut through the noise and show where most people go wrong. Timecodes 00:00 Intro Mindset Rich vs Poor 02:01 How Larry Started From Zero in 2020 03:31 Where He Thinks the Market Goes in 2026 04:41 Swing Trades vs Long-Term Investing 06:25 The 1700 Percent Trade Story 08:21 How He Turned Profits Into Tax-Free Wealth 09:50 Breaking Down Backdoor and Mega Backdoor Roths 12:34 Taxes, Wealth, and Thinking Long-Term 14:42 Lifestyle Choices That Actually Build Wealth 17:07 Why Anyone Can Still Win in the Market 22:58 The Blueprint to Your First 1 Million 27:33 Why Side Hustles Matter More Than People Think 30:34 How to Use Opportunity Funds the Right Way 32:37 Understanding Market Cycles the Smart Way 33:48 What Being a Melanin Millionaire Means 35:51 How to Get Started With Larry’s Framework Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

Book a strategy session with the team: https://www.cofieldspeaks.com/optinxdx5e5vf?el=video2120425 Boutique hotels are the most overlooked asset in real estate right now. Here’s how outdated mom-and-pop properties get transformed into real cash-flow machines. Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en Chapters 00:00 Why Big Hotels Are Losing Travelers 00:28 Why Rich Chose Boutique Hotels 01:19 How Regular Investors Buy Hotels 02:04 Seller Financing Explained Simply 03:12 Why He Pivoted From Airbnbs 04:16 The First Boutique Hotel Deal 05:06 Doubling Revenue With Better Systems 06:02 The Baby Boomer Hotel Opportunity 07:33 How Airbnb Regulations Create Hotel Demand 08:50 The Levers That Increase Hotel Revenue 09:14 How AI Boosts Hotel Income 10:07 The AI Concierge Model 11:01 The Subscribe CTA Moment 11:51 How Boutique Hotels Compete With Big Brands 12:41 Influencer Stays As a Growth Strategy 13:34 Using Data to Improve the Guest Experience 14:22 Additional Revenue Streams in Hotels 15:35 Amenity Fees and Pricing Power 16:27 Forcing Appreciation Through Operations 17:22 Unlocking Manager Units for Extra Income 18:38 Removing On-Site Managers to Increase NOI 19:30 How Rich’s Hotel Fund Works 20:18 The Hotel Investing Community 21:35 The Tax Benefits of Hotel Ownership 22:54 The Risks of Hotel Investing 23:51 How the Community Sources Deals 24:51 Exit Strategy and Long-Term Plan 26:56 Why Boutique Hotels Are a Wealth Vehicle 33:33 What Being a Melanin Millionaire Means 34:29 How to Find and Follow Rich Somers 35:16 Rich’s Favorite Hotel To Stay At