From Fear to Fortune: Dr. Ronda Boyd's Journey in Wealth Building and Mindset

Welcome to "The Beauty in You," the podcast that dives deep into personal growth, financial literacy, and the power of a positive mindset.

In today's episode, Dr. Boyd shares her expertise on building legacy wealth, uncovering strategies with real-life examples from legends like Walt Disney and JC Penney.

Tune in as Dr. Boyd introduces her 30-day "Embracing Your Abundance" challenge, discusses her transition to real estate investing, and emphasizes the role of financial literacy in today's digital age. You'll also hear how teaching children the value of money can foster long-term financial security.

Join us as we unravel the significance of mindset, set boundaries for personal empowerment, and learn how to build a foundation for generational wealth.

Don't miss this enriching episode of "The Beauty in You: Podcast"!

To work with Dr. Ronda Boyd: www.bankonyourselfebook.com

To work with Chi Quita Mack:
Take Back Your Life 1-on-1 Coaching — Life Coach - The ChiQuita Mack
To Purchase The Beauty in You Workbook:
https://www.thechiquitamack.com/shop-tcm/p/the-beauty-in-you-a-guide-created-to-help-you-discover-the-best-version-of-you
Chi Quita Mack's Website: https://www.thechiquitamack.com
Chi Quita Mack Shop/ Merchandise: https://www.thechiquitamack.com/shop-tcm
Follow on Instagram: https://www.instagram.com/thechiquitamack

Transcript

Jacqueline G. [00:00:01]:
Welcome to the Beauty in you podcast, a safe place created for all women to come relax, get inspired, and be constantly reminded that they have not lost the ability to be who they once were. Join us as we dive into the true meaning of rediscovery through inspiring guests and topics such as healing, self love, and creating a positive mindset. So sit back, relax, and get comfortable as we dive into this week's episode. Here's your host, Chiquita Mackinac.

Chi Quita Mack [00:00:30]:
Hey, y'all. And welcome back to another episode of the Beauty and you podcast. I am super excited today because I love when we start talking about our rediscovery journeys which lead us to where we are today. Our guest is phenomenal, and you just cannot wait to hear what she's going to drop today. She is dedicated to providing invaluable guidance to her clients on effective strategies, techniques, and behaviors to reduce debt, accumulate wealth, and foster constructive family communication. Through her insightful mentorship, clients learn to eliminate debt and build wealth by leveraging the concept of infinite banking, a potential overlooked avenue for financial growth within communities. She is a true champion of community empowerment, educating individuals on the possibilities of wealth creation. Welcome to the Beauty and you podcast, doctor Rhonda Boyd.

Chi Quita Mack [00:01:25]:
How are you, mama?

Dr. Ronda Boyd [00:01:26]:
I am doing good. I am doing good. I am honored to get invited to your podcast. So I am excited about this conversation.

Chi Quita Mack [00:01:35]:
I am excited as well, and I cannot wait to learn about this generational wealth because, you know, I need to know how to keep my family going. I think I got a plan, but I want to hear what you got to give before we even get there. Before we get there. You know, I got to take you back a little bit down memory lane. I want to talk about your rediscovery journey and what led you to here. So can you start walking me through your rediscovery journey?

Dr. Ronda Boyd [00:02:01]:
Oh, my rediscovery journey? Yes, it's been a journey. And I want to love your concept when it comes to the beauty in you and the journey and going back, because I know when we first spoke and even just thinking about it, because I think sometimes we end up places and we really didn't even acknowledge where we came from. And so I love that, that part of me having to really sit down and think, okay, where did all this start? What happened? And I know when we talked before, part of the things that I am now discovering about myself, and even another discovery came up recently. And because when you focus and when people start asking you questions, you start to really think about, okay, what is stopping me or how did I get here? And things like that. So taking back, I am. I'm originally from Charlotte, North Carolina. I grew up in a two parent household. They didn't get divorced until after all the kids were gone, unfortunately.

Dr. Ronda Boyd [00:03:07]:
And I grew up with my siblings having sickle cell, so both my siblings had sickle cell, so they were sick. And we never used the word sick. They was having a crisis. My parents always encouraged all of us to do what we love, regardless of the circumstances. It didn't matter that the doctors deemed that they had something. And then I look back at my role in that, because I don't have a trait, I don't have it. Both of them passed away early. They passed seven months apart.

Dr. Ronda Boyd [00:03:43]:
And so that's part of my story that, you know, you don't think about how it defines you and what you do in life. Part of my portion of them never hearing the word sick, them going through crisis. I was always, you know, told mind over matter. Like, I didn't get sick the twelve years I was in school. I don't. And now I don't even think about, you know, sickness is not part of my vocabulary. I just. I move through, you know, I might get put down.

Dr. Ronda Boyd [00:04:15]:
I got put down, like, maybe one day or two days for Covid, but my goal was to not ever get it right. And so. But it kind of defines, like, that. My thought process is around health, that we all aren't. We all can be healthy. We can all walk through life and losing them young. I was so grateful for my parents during that time. My parents raised us up in church, and so having being raised in church and having great loss seven months apart, like, you know, people have deaf in their family a lot of times, they don't have multiple ones, which we never want that to ever happen.

Dr. Ronda Boyd [00:04:59]:
But to have siblings, to lose siblings and someone you grew up with, but having that foundation of being in church, and I look now of, like, my relationship with God, my relationship with church came from the foundations of my parents helping me through not before that happened. And so I'm really doing at church. My life is around children at the moment anyway. And so my nonprofit is around children, but I am over children's ministry at church. I'm a true believer that you take your children to church because that foundation is so vital, because you don't know what's going to happen. My parents did not plan on losing two children back to back. I didn't plan on losing siblings. But because of that foundation, I'm now able to really talk to people.

Dr. Ronda Boyd [00:05:53]:
I can talk to people about grief. I can talk about their faith and them really believing that God wants the best for you, regardless of how circumstances look. I definitely wish they were here to see. My sister actually had a daughter that's now 23. She passed when she was one. But that foundation of church helped me go through different levels. But even though I struggled, I remember even being like, one of. We're in Sunday, not Sunday school.

Dr. Ronda Boyd [00:06:29]:
We do morning women's ministry in the morning. And it was a question that was asked. I was like, what was one of those scriptures that you've had a hard time believing? And for me, which I didn't think about, and I told her, come back to me because I couldn't think of it. And it was, you are wonderfully and beautifully made. And I remember, and I had to go back, like, you know, a lot of us in the class did have to go back a while, you know, like, what was one of the things you struggled? Because when you've been in church for a long time, it's like, oh, I'm good.

Chi Quita Mack [00:07:01]:
I'm good. I don't need that.

Dr. Ronda Boyd [00:07:02]:
I can do everything. Yeah. But then when you think about it as that body image. Body image. The way I look, and I'm cute, you know? I know I'm cute.

Chi Quita Mack [00:07:14]:
You cute, boo.

Dr. Ronda Boyd [00:07:17]:
But that scripture. I remember the noise that was in my ear because it's not even what. It's noise. When people are criticizing you, that's all it is, is noise. And I remember being picked on in middle school, and those are my people. Like, I love middle school students because they're in between that I'm not a baby anymore, but I ain't grown. I'm trying to find myself in this space. And when you go through difficulties during middle school, it's like, those are the years I remember.

Dr. Ronda Boyd [00:07:52]:
Like, I don't too much remember. You know, I remember some high school. Cause I ran for president. I, you know, I did some things. My grades were always good, things like that. But then when I look back, looking now on things that I struggle with, I did. I had to go back to that time. And I am gradually, it's always a work.

Dr. Ronda Boyd [00:08:14]:
I feel like there's going to be a work and a journey when something has been so you took something on that you weren't supposed to, and even though the word is telling you you are beautifully and wonderfully made, it's like. But. And then you look in the mirror and you still have to say that to yourself every day. And so my journey is saying that to myself every day and understanding that my confidence and everything is built within that. So it's a little bit about my story.

Chi Quita Mack [00:08:47]:
No, it's beautiful. It's beautiful because, one, I talk a lot about healing, like the healing journey and the healing process. And whenever I talk to my clients, it always goes back to that foundation. Either they had it or they didn't. So the lack of foundation that I had, or, wow, my parents did instill some things in me that I do take from that, but it was still a hard time. So we always go back to that childhood, those childhood moments, I would say. And when I do research, I'm like, y'all understand? Like, yeah, we talk about middle school, but, like, that's zero to 30 to three years old. That's it.

Chi Quita Mack [00:09:23]:
That's your time. And whatever mark's there, it stays with you. You don't think about it till you get older and start doing the work. But those moments are so impressionable. There's thoughts that memories. I think I suppressed or tried to get rid of that when I started doing the work. I'm like, oh, my God, that happened when I was three. That happened when I was, oh, my goodness.

Chi Quita Mack [00:09:43]:
This is why I'm the way I am. So I think it's good to go back and to look at, you know, why am I the way I am? You know, faith is so important to me, and I have this gift. I can now talk to people about some things that they may not be able to talk to, but I have the foundation to do that because I have gone through my own experiences. And so I think that is beautiful. I want to ask you about mindset real quick, because we talked about positive affirmations, pretty much like you saying it to yourself each and every day. Besides you being beautifully created, what are some other positive affirmations that you say to yourself every day? And if you don't, we're going to talk about why. But what are some other positive affirmations that you say to yourself each and every day? And I'm going to wrap it around to kind of what you do in a little bit.

Dr. Ronda Boyd [00:10:35]:
So I actually have shower affirmations that I stay in the shower. I might not be able to repeat them verbatim. I probably know them, somebody starts them, but I do. I talk around my business that I am created to bring wealth, that God loves me. I am blessed to be blessed. A blessing. Okay? And those are some of them. I do them in the shower.

Dr. Ronda Boyd [00:11:01]:
And one of the things that we even talked about one Wednesday night was, sometimes we get into the habit of doing things versus doing things and actually internalizing them. And so I don't take short showers. So I do have time to internalize them. But I think over the last probably couple of months, I've just been doing them versus actually getting back to internalizing them. There might be a reason why I like. Because I take a shower every day for anybody that's listening. Why? She can't remember. No, but it is that.

Dr. Ronda Boyd [00:11:45]:
And I know the Holy Spirit brings it back up when I need them and everything, but they are. I do do affirmations in my shower, and I do them around my marriage, around my business, and then some around just life in general.

Chi Quita Mack [00:11:58]:
Yes. I love it. I love it. And I'm happy that you do them. I do them, too. I struggled with them at first. I thought it was weird saying this stuff to myself. I don't understand.

Chi Quita Mack [00:12:09]:
But there's power in what we speak to ourselves. There's so much power in what we say, in even talking about wealth. And that's why I wanted to ask you, like, you know, what do you say? Because you talk about generational wealth, but you have to speak it, you have to believe it, and you have to be intentional about your actions. So, so all of those things go together. When you start talking about the power of the mind, even going back to your foundation of faith and some of the losses that you've had, you've had this even if you didn't know you were doing it, you were saying some type of affirmation to help you get through those times. And so the power of the mind is so important, and then the power of just being intentional about your actions, like, I'm going to be successful. Okay, that's cute, but what you doing to be successful? Like, you're right. You can say it each and every day, but you have got to put that foundation.

Chi Quita Mack [00:13:02]:
Or if you don't have the foundation, you know, build that foundation and set that example. So I love that you're doing, and I wanted to hear and see you connected it back to wealth in which you did. So.

Dr. Ronda Boyd [00:13:12]:
And I'm actually doing a challenge this month. It's a 30 day challenge about embracing your abundance. So we are doing affirmations. Every day is part of it, but it's being an expectation and then recognizing your wins, because again, we go through, and when you're expecting something, you move toward that expectation. But if all you're doing is going through the day and just allowing the day to happen, then the day happens. Like, yeah, it's going to happen 24 hours in a day is going to keep going back unless the Lord calls you home. But it's going to happen. And being an expectation of that and that's part of the challenge this month is to get women together, to let's do this together.

Dr. Ronda Boyd [00:14:01]:
Let's celebrate our wins from the day before, because so easily a whole week could go by and you're like, what happened last week? Like, did I get some things completed? Did I get some winning moments? Because we forget to celebrate ourselves. And that's a mind thing, too, where you focus and it goes back to what you said as far as putting the action behind it. Because when you're not any, if you're not moving and you don't have expectation, there is no action. It does become just a vision on a vision board with no action behind it. But when you can take tangible steps toward it and making sure that you're putting yourself in spaces and places that you're called to be in, I have this saying that if you're where you're supposed to be, when you're supposed to be there, you'll get exactly what you're supposed to get. You got to know you're supposed to be there. You have to and you have to want to be there and have an expectation when you get there. This is what I'm going to get from this experience?

Chi Quita Mack [00:15:04]:
Absolutely. Oh, my goodness. So what about fear? Right? So what about those that know where they're supposed to be and they feel the passion and they feel the calling and they scared.

Dr. Ronda Boyd [00:15:20]:
I'm one of them.

Chi Quita Mack [00:15:21]:
All right, let's talk about it.

Dr. Ronda Boyd [00:15:23]:
I can confess. I can confess. I am moving into. So I do real estate. I'm a real estate investor. I don't sell real estate homes or anything. So I'm a real estate investor. So I am literally moving from and should have been doing this, even with my nonprofit.

Dr. Ronda Boyd [00:15:41]:
It's not that I have a problem with talking. Like, I can talk to you one on one. You can give me a mic and I can get on stage, but put me in a room and I have to network. That's the fear that I'm having to overcome because I'm transitioning from residential homes to multifamily homes, and I'm needing to build a team around that. That structure looks completely different. You can do single homes by yourself with a real estate agent, and that's it. But when it comes to multifamily homes, it looks different. You have to have different players in place.

Dr. Ronda Boyd [00:16:12]:
And I know some of them players, but some of them players, I got to be in their space in order for them to know who I am. And so. And that's part of that with the generational web. But it's like, it drains me, to be honest. It is really draining to me to network. And the great thing about it, the organization that I'm a part of, it does teach you. It's me just changing that mindset of it being difficult to. It's me helping other people because I'm a true.

Dr. Ronda Boyd [00:16:46]:
I will help. Like, I'm that person that I love. I can be behind the scenes. I can help you do stuff. I can put things together. I love organizing and planning and all of that, but I could be doing that for other people. Like, it's me putting me using the skills and talents and the things that I've gained over the years to really just go into a space and just be in the mindset that you're here to help somebody. Who are you planning on helping that day? So anybody else says, that is my goal.

Dr. Ronda Boyd [00:17:14]:
Hopefully we'll get a follow up on this podcast. I can give you all some last couple networking things. I went to the class, and then we had to network around the room. I'm like, I'm ready to go. I'm tired already. Go. I don't want to talk to nobody.

Chi Quita Mack [00:17:31]:
Nobody, nobody.

Dr. Ronda Boyd [00:17:33]:
But I wasn't in the mindset. So it's really me changing. Like you said, everything goes around mindset. When there's a fear, it is really something that you're just. Your mind. Is that subconscious? Subconsciously, you have these preconceived notions of how it's going to go.

Chi Quita Mack [00:17:53]:
Yep.

Dr. Ronda Boyd [00:17:54]:
And a lot of it is. You might get a no. But if you're there to help, my thing is, like, I'm here to help. Like, either I can help you or I can't help you. So it's not really. I can take back the. I can take the no off the table, and it's really, am I the person that's supposed to help you? I'm not supposed to help everybody. Yep.

Dr. Ronda Boyd [00:18:15]:
I am. I am supposed. I am called to a certain person, certain people that really probably truly believes in the exact same thing that I believe, which is generational wealth and helping kids and helping families do it together as a family and having the right mindset to do it. So I took the no off the table. I'm going in to help. Who can I help?

Chi Quita Mack [00:18:39]:
There you go. There you go. Yeah, it's important. I always say, just do it scared. Just do it scared. I'm scared. Every day. I have all these big goals.

Chi Quita Mack [00:18:51]:
I write them down, then I start actioning, and then stuff comes back, and I'm like, dang, I did write that down, didn't I?

Dr. Ronda Boyd [00:18:58]:
Yeah.

Chi Quita Mack [00:18:59]:
Okay, well, here it is. We got to get it done. But I do it anyway, because ultimately, my big goal, yes, is to help someone else. If I can encourage someone and motivate them and show them the light and show them that, you know, that they were once in my shoes before and they can be here now. Okay, then I got to change that, right? I'm here to help them. And so y'all just listening? Do it scared. I don't care. Do it scared.

Chi Quita Mack [00:19:24]:
Do it scared. We're all scared in some way, shape or form. Like, we're all scared. And growth comes with being uncomfortable, and it sucks.

Dr. Ronda Boyd [00:19:33]:
Yeah. And in that doing, get scared. Don't think that you do it scared. And all of a sudden, you just get over it. Because one of the other things that recently came up was I started moving in the direction scared. But then all of a sudden, I got this realization, like, am I afraid of success? It was something that just popped up. Like, I know what I want. I got the means to get there, but what's really holding me back? Is it the fear of success? And people don't really think about that.

Dr. Ronda Boyd [00:20:10]:
They're like, no, I want to be successful. I want to be successful. But when the rubber meets the road and you have to walk it out and you're walking with other people, and then you start thinking about, okay, other people now are depending on me, too. And it's like, okay, so I do want this, but I'm still holding back. And for me, it was like I just had to come. And once I said it out loud, because I started having. I don't know if we talked about this before, but I. A couple years ago, I started having this pain in my back, and I was trying to figure out what it was.

Dr. Ronda Boyd [00:20:49]:
I was getting mris. I mean, it was pain to the point. And I have a high tolerance to pain.

Chi Quita Mack [00:20:55]:
I.

Dr. Ronda Boyd [00:20:55]:
So when I feel pain is pain pain. And it was putting me on the ground, like, I was like. It was putting me down pain, like sharp pain. And finally it caught. It happened. It went away, came back maybe three or four years ago, and I was like, oh, wait a minute. This feels familiar. But I tried to start remembering.

Dr. Ronda Boyd [00:21:18]:
What was I thinking about? I hadn't lifted anything, hadn't done anything. I was like, okay, what have I been thinking about? Because this literally could be a mind thing because our bodies react, our bodies hold in pain and hold in tension by what's going on in our head. And I started thinking, I'm like, okay, this is a head thing. For the last three days, I've been worried or trying to figure something out, and that's what's going on. So I don't know if you've heard of Reiki. I started doing Reiki around that time. I just saw something, it was on Netflix that talked about energy healing is basically dealing with your mind, but it's your subconscious mind part of it, and went and had that done, and it went away, and I was like, but then all of a sudden, it came back this year, and it came back when I started moving forward. This time, I didn't go and get Reiki.

Dr. Ronda Boyd [00:22:12]:
I started thinking about, what am I scared of? Success? I had to start having that conversation with myself, because sometimes we need to have the conversation is beyond the I ams to this is who I am actually having, getting in front of the mirror, having this conversation. And once I said it two or three times, the pain went away. It was like, okay, now let's deal with it. You know, let's figure it out. Like, are you going to continue to move forward? Because basically it was just that thought was trying to stop me from moving forward. And so this is, there's so much, our mind is this awesome, great thing, and it's so powerful that, you know, we got to recognize the power that it has and then more importantly, the power that our words have from it when it comes from your mind and your heart, that when you speak what is happening and being aware of that. And I think a lot of times, you know, people live their lives by either design or default. And either way, you're designing your life, it's by default because you just don't have any intention behind it.

Dr. Ronda Boyd [00:23:29]:
But it's time for us to start designing our lives by the words we speak and actually recognizing and paying attention to the things that go on in our headland and then taking action on the things that go in our head. Actually addressing it.

Chi Quita Mack [00:23:42]:
Yes.

Dr. Ronda Boyd [00:23:43]:
Being real to ourselves, actually owning up to our thoughts. Because sometimes I think we try to, you know, you have some people that will say, oh, I'm okay. Things are okay, and, but you're not okay.

Chi Quita Mack [00:23:55]:
Yeah, you're not.

Dr. Ronda Boyd [00:23:57]:
You're not. So stop saying it. Let's deal with it. We can deal with it. And be okay.

Chi Quita Mack [00:24:01]:
I laugh because that used to be my, um. That was my go to right there. Like, Kida. You good? I'm okay. But my okay had different tones, so, like, I'm okay, and I'm okay, and I'm okay. I'm okay, you know? And then if you didn't react the way I wanted you to react, I'm like, you should have known I said I was okay, but my tone told you something was wrong. You should have asked me. Right?

Dr. Ronda Boyd [00:24:24]:
We want people to be mind readers.

Chi Quita Mack [00:24:26]:
You know? I want them to everybody. You should be a mind reader. You know me for how long? Right? So we assume that our circles know and they don't always know. Especially in my circle. I'm just always the strong one. I'm the strong one. So if I say I'm good at, like, girl, you said you was good. I don't know what you.

Chi Quita Mack [00:24:42]:
You be holding me down. I don't know what you.

Dr. Ronda Boyd [00:24:45]:
Right. And that's the. Oh, my gosh. It brought up something else in my head. Like, until we're honest with ourselves, we got to be able to tell people exactly what's going on with us, because sometimes we sit in our rooms, in our houses, like, oh, my gosh. I just wish someone would give me what I've been giving out versus going to people. Like, I need help. I need help.

Dr. Ronda Boyd [00:25:11]:
I'm struggling mentally. And, you know, because I think sometimes people avoid maybe people like me and you that says we're okay all the time and our mindset is different, and we know the words that we speak going to bring power. So the people who are struggling is like, well, I don't want to bring that to her because, you know, I don't want to bring her down just because I'm down. And. But how about we talk about it? How about you get out of your head because. Yeah. In your head, because a lot of times they live. Yeah.

Dr. Ronda Boyd [00:25:44]:
Yeah. And that's where. I mean, in your house alone. I think that might. You know, that aloneliness probably got more people during COVID than actually Covid did.

Chi Quita Mack [00:25:56]:
Yeah.

Dr. Ronda Boyd [00:25:57]:
That depression set it because we were cut off from. We were never meant to be alone. And so no matter what adventure, what purpose you have, your purpose was made for somebody else. But even getting you to your purpose to help people, there's people that's waiting on you to start so they can jump in, but then somebody's waiting on you because they started, and you won't jump in with them. And so we're here to help each other. We were created not to be in a vacuum. We were created to live among each other and to help each other and to love each other.

Chi Quita Mack [00:26:37]:
Absolutely.

Dr. Ronda Boyd [00:26:38]:
We got to remember that.

Chi Quita Mack [00:26:39]:
Absolutely. And we're just so powerful, period. I think it's important to just know how much power we have, like, for ourselves. Like, we are the authors I talk about a lot. Like, I'm the author of my story. Like, I'm writing my chapters right now. I ain't done writing. I'm still writing.

Chi Quita Mack [00:26:57]:
I don't even like that in them. I'm about to change it. I have the power to do that. I have the power to change it. If I don't like it now, some things might throw me left, and I might have to learn the lesson real quick and get back to writing. But I still have that power and that lesson. Let me tell you. I, for a while, while I was going through, and every day, I talk about rediscovery journey.

Chi Quita Mack [00:27:21]:
Every day is a rediscovery. Like, every day we're learning. It's a circle. It's like it never ends. But I was literally counting on other people to bring me happiness and to bring me peace. Seriously, those. Do you know how valuable that is? I was tripping, but in my mind, I would talk to people like, yeah, you know, the situation is so bad right now, but once we do this, then I'll be happy. And once they do that, then I'll be happy.

Chi Quita Mack [00:27:47]:
And I remember my boss, he's retired now, but I was talking to him, and he said, every time you come in here, you say that when this happens, then I will be happy. When this happens, then I will have peace. And he's like, you're giving them too much power over your mind.

Dr. Ronda Boyd [00:28:09]:
Happiness. Yes.

Chi Quita Mack [00:28:10]:
He said, what are you doing? And I was like, whoa. First of all, that hurt my feelings. I was like, what? You know, but I had to really sit down and be like, oh, he's speaking some real stuff here. I just gave the most valuable things, my peace and happiness to other people, and I'm waiting for them to break. No, this is mine. So now I got to learn to set those boundaries, because my peace is important. Now I have to get back to what Chiquita likes because my happiness is important, and y'all can't bring that to me. So we have so much power, our minds.

Chi Quita Mack [00:28:43]:
Yes. This conversation. The mind is so powerful. If y'all don't take anything else from this episode, I need you to take that away. Like, your mind is so powerful, right?

Dr. Ronda Boyd [00:28:53]:
Yeah. And I remember them days of letting circumstances dictate whether I'll be happy or not happy. And it really shows up in relationships and especially marriage relationships. I've been married. It'll be 30 years in January. Congratulations. Thank you. You.

Dr. Ronda Boyd [00:29:11]:
And it has been some up and half, but when I finally figured out I need to make myself happy, I need to have my peace, then things just. It's amazing how relationships change for the better when you recognize that on your own, when you recognize that you're responsible for that, because you put no expectations on the other person. And so now the other person, they really can't disappoint you, you know? You now know that they can't make you unhappy. You get to choose to be happy or unhappy with it. But I learned that it is your choice. You can't give anybody that power. And the other big lesson I learned was like that the word no is a complete sentence. Oh, yes, it is a.

Dr. Ronda Boyd [00:29:56]:
With no explanation. We are all adults, and as adults, we can change our mind also and be okay. And don't make commitments that you really don't want to make.

Chi Quita Mack [00:30:05]:
There you go.

Dr. Ronda Boyd [00:30:06]:
No, I know it's hard for, you know, some people might be out there. That's people pleasers. No, you be your people and please you. You don't please somebody. Please yourself. Please yourself. Because you get into that thing of, okay, I want to do this for this person. This for this person.

Dr. Ronda Boyd [00:30:25]:
But you really didn't want to do none of it at all. You didn't want to do none of it. And guess what? When you show up, people know you didn't want to do it. I mean, you can. You can put on. I don't care what anybody says when you don't want to do anything. I don't care how much of a smile you put on.

Chi Quita Mack [00:30:43]:
People know.

Dr. Ronda Boyd [00:30:44]:
People know. They know. They know. So do yourself a favor, just say no. It's easy. It takes work. Yeah, it takes work. And I had to.

Dr. Ronda Boyd [00:30:54]:
We moved to. After my brother's passing, my sister passed first, and then my brother passed after his passing, maybe a couple, maybe three to four months later, my husband applied for another job, and it was in a different city, and it might have been a year later, and I was. I had just found a church that I was active in. I was just hoping he wasn't gonna get a job, to be honest with you. I remember he got. He ended up getting it. We ended up moving to Columbia, and I remember going back and forth to. Because now I'm an only child.

Dr. Ronda Boyd [00:31:29]:
It was only three of us. So now I'm an only child. So I was going back and forth to Charlotte, and I didn't realize how much of a cool. But it wasn't that my parents was calling on me. I felt like I needed to be there to fill in that gap, you know, with the law. So I was driving back and forth from Columbia to Charlotte probably every weekend until I finally was to a point where I can't do this. Like, I'm. Like, I was.

Dr. Ronda Boyd [00:31:56]:
I felt. I was now feeling the pressure of me saying, yes, I'm coming all the time. To a point where when I finally said no, it was like this burden just. The weight lifted off of me with just me saying, I'm not coming. I'm not coming this weekend. I'll see y'all in four weekends.

Chi Quita Mack [00:32:18]:
There you go.

Dr. Ronda Boyd [00:32:18]:
You know, y'all can come here. You know, I took on that role of trying to fill in that gap for three kids, and it wasn't my role to fill. And, no, we. We made it through. My mama needs to write a whole book about grief because she did it with grace. And I think all of us, because of foundation, we made it through without a whole. Whole lot of stuff happening. But it was.

Dr. Ronda Boyd [00:32:46]:
I had to get to. It was that weight. And so I encourage anybody that's listening that don't allow the weight of everybody else to finally get you to say, no. Go ahead and find out the things that you like. Because if your identity has completely been sucked up as being a mother. Because we do that.

Chi Quita Mack [00:33:06]:
Yes, we do.

Dr. Ronda Boyd [00:33:06]:
Being a wife and you. Them kids gonna grow up and go, but anybody got little kids, I just wanna let you know they got their whole life that you only know about they got is you don't even know about. They got stuff they like to do and they gonna leave you. I know. I'm sorry. Lord. When they gonna leave you? So you need to know who you are before they leave. And you need to make sure that the relationship that you even have with your mates and your husband is solid.

Dr. Ronda Boyd [00:33:38]:
Also, because I love them, but they grew up and they left. I got a 33 year old and we left. If we look back and look, we left. I did.

Chi Quita Mack [00:33:51]:
I was like, yeah.

Dr. Ronda Boyd [00:33:52]:
Like, I was. I was ready to go. And so I got one in Houston and one in Charlotte, and it's like. But they're good. But find out who you are. Because if that happens and you don't know, then you feel like I'm trying to pick up pieces. I don't. You don't know which direction you want to go in.

Dr. Ronda Boyd [00:34:13]:
So learn to love yourself. Take yourself out to dinner and take yourself to the movies whether you're married or not. I mean, my husband loves, like, yeah, you can go. Sometimes they need a break. Yeah, sometimes they need a break. So, yeah. So be cautious of that and everything. So.

Dr. Ronda Boyd [00:34:36]:
Yeah, that.

Chi Quita Mack [00:34:37]:
That word, no, it's like, so many things that come with that. Because I was thinking of, like, all of my. My stories, like, when I learned how to say no. Oh, God, I'm so happy now. But I would always put. I feel like I put myself in uncomfortable situations by not saying that word. No. And by not using my voice and both having to do with relationships and even marriage.

Dr. Ronda Boyd [00:34:59]:
Right.

Chi Quita Mack [00:34:59]:
And so all of that, you said, it's connected. Once I learn the power of saying no, which means I'm no longer gonna put myself in uncomfortable situations where I don't feel welcomed or feel like I'm doing everything for everyone else and not getting it in return. And then from using my voice, you know, even within my marriage, the power of, babe, I don't really want to do that. And before, it's like, I don't really want to argue, so it's okay. I'll just let it go. I'll just let it go. I just let it go. I can't let it go because now I built it up all the way up to here, and I'm popping off and he looking at me like, why are you so mad?

Dr. Ronda Boyd [00:35:33]:
Right? Like, all I did was not put the. In the sink or something. Like, yeah, but it built. It was all the other stuff you did, right?

Chi Quita Mack [00:35:40]:
It's everything else. It's all built up. So no two letters, whole sentence, very powerful communication. Finding your voice. I can't stop talking. I say. I said every time I didn't found a voice, y'all, I can't stop talking. Y'all gonna listen to me.

Chi Quita Mack [00:35:56]:
Somebody listen. Somebody gonna listen to me because it's here now, and I've always had so much to say, and I feel like I was pushing it down. So it's like, it's here. I'm speaking about it. So, yeah, two. Two powerful things. I want to shift the conversation, and I want to talk about this generational wealth and what you do and what you create for others. So walk me through your superpower.

Dr. Ronda Boyd [00:36:25]:
Thank you. Thank you. So we've been told this story that, you know, go get a good job, go to college, get good grades, go to college, get a good job, and then make sure you get a 401k. From my personal experience, 401k is not going to get you to retirement. And for a lot of us nowadays, I just looked at an article that was published in April. It'll take a. Right now in the US, it takes about a million dollars to be able to retire.

Chi Quita Mack [00:36:58]:
I believe it.

Dr. Ronda Boyd [00:36:59]:
And this goes back to focus, like, a lot of us not even thinking about it. Like, we're just. We're doing what they told us to do, or we've given our information over to a financial advisor. We're allowing him to do what he does with the hope and prayer of it coming out the way I want it to come out. When it's time for me to walk away.

Chi Quita Mack [00:37:19]:
Yeah.

Dr. Ronda Boyd [00:37:20]:
So it comes back to paying attention. And I start with mindset, because I don't think a lot of us think about being wealthy. A lot of us don't even have the thought of, I literally could be a millionaire. A lot of us is thinking like, oh, I got a good job with good pay, I'm doing good. But when you don't want to do that good job or that good job lays you off or closes, then what happens? Are you starting all over again? So for me, I worked for. I worked for at and t for any of my people here, that's cubicle people worked for at and tubes worked for at. And t was there for 19 years, faithfully put into my four hundred one k, and they decided to close their doors at my 19th year. Now, about 20 years, that's military retirement, you know, 20 years.

Dr. Ronda Boyd [00:38:08]:
Most people are thinking about retirement.

Chi Quita Mack [00:38:09]:
Yeah.

Dr. Ronda Boyd [00:38:10]:
My 401K had $160,000 in there. And I was young. I mean, this was 2017, so I'm in my forties, late thirties. Like, what am I going to do with $160,000? Right before, you know, I told y'all I did it investing in real estate, and I had already had some properties by then. I bought a house. That's what I did with it. Because people say real estate is the way to go to build wealth, and it is not. I truly believe in diversification when it comes to building generational wealth.

Dr. Ronda Boyd [00:38:44]:
It does need to be diversified because things can happen in any market. And if I had known what I know now, those 19 years, I would have had did my own infinite banking. And so I actually, it's through an insurance product. And that's how you. You're getting a two four. It's really a three four, a three for one platform to be able to do generational wealth. And the end of it is it has a death benefit along with it. And so you can have millions of dollars that you can leave to the next generation.

Dr. Ronda Boyd [00:39:23]:
But it starts with educating the next generation also in yourself. So that's how the mindset part of my business goes, is really understanding that you can leave your kids and your family all of this money, but if they don't know what to do with it, they're going to lose it within two to three generations. It won't stay within the family. So I do it with the kids. I'll show you. I actually got a book for parents that can actually start that conversation. Also looked up some statistics. One out of five women actually talk to their friends and family about money, about investing, saving, any of that.

Dr. Ronda Boyd [00:40:03]:
We're not even, we're not having the discussions in most situations or even inside the household. So how do we keep this going? And so with the insurance, basically, you're saving with inside the insurance policy. What insurance companies do is they actually invest that money into the stock market for you. But with this policy, it doesn't go down. Oh, when the pot, when the stock market goes up, your dividends go up, but when the stock market goes down, it levels out.

Chi Quita Mack [00:40:38]:
Okay.

Dr. Ronda Boyd [00:40:39]:
So it's a safe proof strategy for retirement, get you where you want to go. So then people say, well, but it's a life insurance policy. So this is only going to help after I die? Well, it doesn't, because what you do is you're building it up with compound interest to a point where at some point in 20 years, if you start wanting income to come out of that, you actually can have income being given to you.

Chi Quita Mack [00:41:07]:
And that was my question. I was going to say, can you pull from it?

Dr. Ronda Boyd [00:41:09]:
Yeah. So you can, you can actually borrow against it. You're basically borrowing against it and you still have your death benefit along with it. So it's this. And we're not talking about it. Like, if you talk to, and guarantee you you can talk to five insurance agents, you, they'll give you different stories around this, of why not to do it, and you might, and you'll get some where they'll say, yes, this is a great idea. It is a safe proof. It is a way to build generational wealth.

Dr. Ronda Boyd [00:41:42]:
And people have been doing it for years. The thing is, we have not been.

Chi Quita Mack [00:41:47]:
Doing it.

Dr. Ronda Boyd [00:41:51]:
To give you some history on it. Walt Disney did it to start his parks. No one would loan him money to actually start his parts, his parks. Walt, Disneyland and Walt Disney place. He had to go into his insurance policy, pull the money out not pull. Borrow against it to start it. And now look at what that investment has afforded his family. JC Penney did it.

Dr. Ronda Boyd [00:42:15]:
They were going through a time where their stores were not doing well, but he still needed to pay employees. He pulled out to be able to pay employees. So people are doing it, and we're looking for ways to save money. And the bank is literally you doing the exact same thing that I'm telling you about. So we keep sticking our money in the bank. They're actually investing it into insurance policies.

Chi Quita Mack [00:42:41]:
Wow.

Dr. Ronda Boyd [00:42:42]:
And getting compound interest. And so we have to, like, why wouldn't we be our own bank then? Why wouldn't we do that for ourselves? And then I. We put money in the bank for them to come back and charge us. Charge us to get a loan. So they understand the power of compound interest, because they do it to us every day.

Chi Quita Mack [00:43:02]:
Every day.

Dr. Ronda Boyd [00:43:03]:
Yeah, every day. And so now it's our time. And when people come to me and we. I think part of the hesitation with this is they think they're thinking, oh, I need a lot of money to get started. Just need to get started regardless. So what I do with my clients is my questions. Ask them is like, how much money do you want? When do you want to retire? When do you want to, like, kind of stop what you're doing for someone like this? We're doing things that we love. We might not want to completely stop it, but we do want a guaranteed income coming in.

Chi Quita Mack [00:43:37]:
Yeah.

Dr. Ronda Boyd [00:43:37]:
So you say 20 years? 15 to 20 years. Okay, well, I got 1520 years to work with. How much money do you want coming in monthly or yearly? Now, this money that you're getting is also tax free. So when you're looking at $50,000 a year, that's really $80,000 because there's no taxes taken out on it. Okay, so you have that to go with. So. And I'm gonna use $5,000. So you want $5,000 a month? So what I do is actually.

Dr. Ronda Boyd [00:44:05]:
And then they tell me most people will start off because this is the way we think of insurance. I only have this amount to save right now.

Chi Quita Mack [00:44:15]:
Okay.

Dr. Ronda Boyd [00:44:16]:
People come with me with an amount already in their hand, but then they come to me and saying that they want $100,000 a year. Each year.

Chi Quita Mack [00:44:23]:
You're like, wait.

Dr. Ronda Boyd [00:44:25]:
And a lot of times, the numbers don't add up. So what I do is I tell them, exactly, this is what you need to be saving in order to get to your goal. And this is what will happen if you only save this amount. Let's start here. Because the great thing about these policies also is that you can increase it.

Chi Quita Mack [00:44:45]:
Okay.

Dr. Ronda Boyd [00:44:45]:
You can't increase it. You can go up, you can get. But if you never know where you're supposed to start. So I love about GPS is, see, when we use GPS's on our phone, we don't think about that beginning part. It actually knows where you're starting from to get you where you're going.

Chi Quita Mack [00:45:01]:
Yeah.

Dr. Ronda Boyd [00:45:02]:
A lot of times we try to jump to, I want to get here, but we don't own up to where we're starting at or even to get started. To get there, you have to start somewhere.

Chi Quita Mack [00:45:13]:
Yeah.

Dr. Ronda Boyd [00:45:13]:
So if all you have is $200, let's start there. Let's start there, and let's get going. And then as money come, once you start seeing that it's growing, you'll start redirecting. Your mindset is different. Where it's like, I am paying a little bit of extra money over here, a little extra money over there, and a lot of times we are. We have what we need. It's almost like the woman with the crude of all. And she told, I think it's Elijah.

Dr. Ronda Boyd [00:45:45]:
Oh, all I have is this crude of all. No, that's all she needed.

Chi Quita Mack [00:45:49]:
Yeah.

Dr. Ronda Boyd [00:45:50]:
Pots and pots and pots. Until the only reason why she ran out was because she had no more pots.

Chi Quita Mack [00:45:56]:
Yeah.

Dr. Ronda Boyd [00:45:57]:
So we do have everything that we need. It's just a choice of deciding to start. And so that's the. I start that way. Because the other thing is we don't think of when we're saving. We don't think of that as a bill. We don't think of that. We don't put that as a priority when other stuff comes up.

Chi Quita Mack [00:46:16]:
Yeah.

Dr. Ronda Boyd [00:46:16]:
We gotta have the mindset that this is what I'm not going to touch. I will figure out a way to get done what needs to get done, but I refuse and touch that because I have bigger plans for this. I got somewhere I want to go because this little insignificant thing over here that's bothering me right now that I do need money for, I can get rid of this, but in 20 years, I still need to know where I'm. Where I'm gonna be at.

Chi Quita Mack [00:46:42]:
Yeah.

Dr. Ronda Boyd [00:46:44]:
So that is the kind of the. That is the journey that I take my clients on. And then when it comes to their kids, like, with my nonprofit, I teach financial literacy, but I actually printed a workbook. It's a workbook. It's a book in itself, but it's investing, made easy. A family affair. It starts the conversations. How do I talk to my kids about certain stuff, things, money, even the emotional side of money, because, see, one thing about this generation, they really don't have any attachment to physical money because we used to swiping.

Dr. Ronda Boyd [00:47:22]:
Yep. No emotion to it at all. You didn't see anything disappear. You didn't see. You didn't feel anything. But when you have to take money out your pocket to give to somebody, you felt something.

Chi Quita Mack [00:47:36]:
Yeah.

Dr. Ronda Boyd [00:47:37]:
Because this is a generation that now doesn't have that. We really have to talk about the value of money and what's important to you. And teaching them how to sit down and do a budget, all of that at an early age so they'll understand that I can only spend this once.

Chi Quita Mack [00:47:55]:
Yep.

Dr. Ronda Boyd [00:47:55]:
Is this what I really, really want?

Chi Quita Mack [00:47:58]:
Oh, my God. First of all, you're schooling me because I found, like, all. We got to talk offline about this, too, because I'm like, okay, I need to. Hi. I need to do some of this because I'm interested. I want to create generational wealth. I am working towards creating generational wealth. And there's so many aspects of it, but, you know, it's hard when you're the first one.

Dr. Ronda Boyd [00:48:21]:
Correct.

Chi Quita Mack [00:48:22]:
I'm the first one. I'm the first one doing this, you know? And even my kids like the stuff that they're doing. I'm like, okay, you know, you're trying. This is your goal, and we're going to set this up for you and ensure that this. And it's having a conversation about money that I never had anybody talk to me about money. I'm the first one in my family to buy a house. You know, like, and that was so stressful, my goal. Me and my husband were like, okay, we're going to buy a house before we're 30.

Chi Quita Mack [00:48:46]:
We did at 27. And we were stressed. We were stressed because we didn't know what we were doing, and there was no one to help us because we were the first ones. And so I think the nonprofit's important. The education, our youth, it's important to talk to them about money so that way they understand and that it can disappear. I had. I laughed because I had to do that with my son. So I got him his own, his card.

Chi Quita Mack [00:49:12]:
He's 16, by the way. Right? Got him his debit card. But you know how they do.

Dr. Ronda Boyd [00:49:15]:
They link it.

Chi Quita Mack [00:49:16]:
They link it to the phone. Right?

Dr. Ronda Boyd [00:49:17]:
Link.

Chi Quita Mack [00:49:18]:
But I did not think, let me download the app so he can see his balance, right? So he's like, hey, Mark, I'm at the. Mark.

Dr. Ronda Boyd [00:49:26]:
He seems.

Chi Quita Mack [00:49:27]:
I'm like, I just. Oh, no, I spent it on this. How much do you have left? Oh, I don't know.

Dr. Ronda Boyd [00:49:33]:
See, I do.

Chi Quita Mack [00:49:34]:
So I'm like, where are you at? Okay, I'm gonna put money. And I put the money. I put more money in this account. Here you go. Little bit. You know, I'm not giving you no more money because I just gave it to you twice. Like, you need to figure it out. But it was when I put the app on the phone, and he could.

Chi Quita Mack [00:49:50]:
I only got $5 left, you know? So now he can see when I tap the phone, it comes out of the account. Right. It's not just mom putting it back in there. But it was. You're right. He had to see that because there was no attachment. It was like, mom, you got the card, right?

Dr. Ronda Boyd [00:50:05]:
You just. They just think it's there.

Chi Quita Mack [00:50:07]:
It's just there. No, we're working hard for this to keep it there.

Dr. Ronda Boyd [00:50:11]:
Right.

Chi Quita Mack [00:50:13]:
Okay. You know, so I think. I think this conversation is so important to have, and I love what you're doing.

Dr. Ronda Boyd [00:50:20]:
Thank you.

Chi Quita Mack [00:50:21]:
I love what you're doing. Your impact on so many people. And I want to learn, like, so I want to learn more. There's so much I want to have set for my family, but it's hard, like I said, because I am the first one, so you don't know what. You don't know.

Dr. Ronda Boyd [00:50:33]:
Correct. You don't. You do not. So. Yeah, because, I mean, my education, when it came to around really investing in saving was my father told me, get a. That what? They match.

Chi Quita Mack [00:50:46]:
Yeah.

Dr. Ronda Boyd [00:50:47]:
And that's what I did. And, you know, I didn't pay attention to it. It was just my money went there. I didn't miss it, and it went. And I would never tell. Free money is always good. You got a company that's matching money. That's.

Dr. Ronda Boyd [00:50:59]:
That's that part of the. The first diversification that I talk about is, yes. If you work for somewhere and you got a 401k, yes, utilize your 401k, but also go ahead and do something else. Because the other part of that at and t story was when I took that money. Oh, the IR's wanted theirs, too.

Chi Quita Mack [00:51:19]:
That's right.

Dr. Ronda Boyd [00:51:20]:
At the tune of $95,000, more than half of it. So we had to pay them. So. But if I had known what I know now, I would have never touched that money. It could have stayed there, and I could have just utilized my infinite bank if I had been investing in that for the last 19 years and it would have been more than way more than $160,000. So my goal is to get, especially younger people. When you have time on your side and you got time, you can really build some good wealth, but you got to want to do it and you got to take the steps necessary to do it, because a lot of people not, I mean, young people don't think about insurance. Young people don't think about building wealth, especially if they don't have any kids.

Dr. Ronda Boyd [00:52:10]:
It's like, you know, I'm just living my best life out here thinking about that. But if we had more kids, that was thinking, oh, I want to be a millionaire before I'm 30. They actually could be, yeah, if you start at 20, because you got time to become a millionaire, especially if you got a good job, you know, and you working and you understand the value of savings and putting yourself first when it comes to savings, before you do any of your bills, it works. So it is having that conversation and getting them to think beyond today utilizing the mind.

Chi Quita Mack [00:52:49]:
Yeah, again, see, we talk about mindset today, y'all. This is so good. Can you tell everyone where they can find your books?

Dr. Ronda Boyd [00:53:01]:
Yes, I can. You can actually go to www. Dot bank on yourselfebook.com. and so this is not an ebook. You can find that book there and a masterclass that talks about infinite banking and all of the benefits around infinite because it's more than just the compound interest and leaving generational wealth. There are so many living benefits that are valuable that I talk about in the masterclass. So then go to www.bankonyourselfebook.com.

Chi Quita Mack [00:53:38]:
Yeah. Doctor Boyd, I want to thank you so much for being a part of the BDNU podcast. You've taught us so much today and you have been an amazing guest.

Dr. Ronda Boyd [00:53:51]:
Oh, you are welcome. Thank you for having me on.

Chi Quita Mack [00:53:54]:
Of course, you're always welcome back because I do want to follow up. So we gonna talk about that too. So.

Dr. Ronda Boyd [00:53:59]:
Okay, I can do that. I can do that.

Chi Quita Mack [00:54:02]:
All right, guys, everything will be linked to the show notes so you can continue to get educated on how to build that generational wealth. And we talked a lot about mindset, so go ahead and write them jewels down. I enjoyed today. And until next time, thank you for.

Jacqueline G. [00:54:17]:
Joining us on this week's episode of the Beauty in you podcast. Don't forget to rate, review and subscribe. Visit us@thechiquitamac.com dot or join us on Instagram at thechiquita Mac for your daily motivation and inspiration. Tell a friend to tell a friend. Until next time.