Season 2, Episode 2 | Houston, TX

In episode 2, Julien and Kiersten are joined by two couples.  First, Lynnette Khalfani-Cox and her husband Earl Cox who are both entrepreneurs and co-founders of The Money Coach®.  Next up is Rob and Reshawn Lee of Learn, Hustle, Grow.  As an added bonus, Kiersten's mother and aunt joined us for a conversation about role modeling and estate planning.

Having role models along your financial journey is an incredibly powerful tool.  It gives you a tangible example of who you could be and what your life could look like if you make the right decisions.  And one of the most over-looked and important financial decisions to make is when and how to protect your assets to pass on generational wealth.  So join us as we tackle role modeling and estate planning while celebrating Southern culinary tradition.

Watch the trailer and full episode here!

Meet our guests

Lynnette

Lynnette Khalfani-Cox is quite frankly in a league and category of her own.  If there were a personal finance hall of fame, she'd undoubtedly be on the first ballot and have the Lifetime Achievement Award named after her.  And as legends do, she is hugely influential both in front and behind the scenes.  Learn more about Lynnette here.

Earl

Earl Cox was born in the boogie down Bronx and is a graduate of Howard University.  When he's not negotiating big deals, schooling the next generation on how to build a path to financial freedom or being an amazing partner and father; he's traveling the world and living life to the fullest.

Reshawn

At first glance, you may think Reshawn is the quiet one...or the nice one.  But let the record show, she's no pushover and has the resume to prove it.  She's a graduate of the University of Illinois at Urbana-Champaign, a veteran of of the tech/healthcare industry and a life coach where she helps to guide and motivate others to achieve the peace of mind and freedom she now enjoys.

Rob

If you guessed Rob was the silly one or the troublemaker of the two, well...you're absolutely right. But when he's not setting up hilarious punchlines or putting a fresh set of stamps in his passport, he's an amazing partner and real estate agent in the Dallas Fort Worth Area.

Save 15% off any estate plan when

you use the code RICHREGULAR

at checkout

Check out this bonus clip from our conversation

Learn more about Lucille's

  • Despite the pandemic, 2 out of 3 American adults do not have a will (Source: Caring.com)
  • On average, families will spend up to two years and $50,000 in probate court to finalize their estate (Source: Trust & Will)
  • 70% of families lose their wealth by their second generation which reaches a devastating 90% by the third generation (Source: Money.com)
  • Nearly 70% of African American's do not have a will or estate plan

Click here to get started on your estate plan today.

 

More from our guests

Lucille meeting

Dr. Martin Luther King Jr.

Behind the scenes of this episode

Save 15% off any estate plan when

you use the code RICHREGULAR

at checkout

Do you know the difference between a trust and a will?

Wills go into effect after your death and allow you to name guardians for your children and pets, designate where your assets will go and specify your final arrangements.  A will based estate plan includes customized and state specific documents to name guardians for your children, catalog your assets and outline what should happen in a medical emergency. They ensure your family and loved ones are taken care of and things are handled the way you want.

A Living Will refers to a set of documents related to an individual's medical decisions.  They typically include a medical power of attorney, advanced health care directives and a HIPAA [Health Insurance Portability and Accountability] authorization form.

A Trust is the most comprehensive way to protect your assets and loved ones, avoid probate court and allow your assets to pass seamlessly to your beneficiaries with a Trust-Based Estate Plan.  When you transfer assets to a Trust, you own everything in your Trust while you're still alive. After you pass, your assets will go directly to who you've chosen.  Trusts allow you to:

  • Nominate a child and/or pet guardians
  • Decide who will handle your affairs
  • Leave specific gifts (money, possessions, property etc.)
  • Determine how your assets will be distributed
  • Exclude individuals from receiving your property
  • Avoid probate court
  • Specify your final arrangements
  • Note any special requests
  • Decide what should happen in a medical emergency
  • Designate health care agents
  • Grant trusted individuals access to your medical records
  • Add conditions to asset distributions