Dr. Janice Hooker Fortman
[Music] i [Music] do [Music] do [Music] good morning good afternoon good evening it’s dr janice hooker fortman with the relationship matters tv show i hope everyone is doing well spring has sprung at least here in the midwest unfortunately i can see where up in the northeast they’re having snow and blizzards but i hope if you are in the northeast i want you to know that spring will be coming your way soon i started thinking what am i going to do to celebrate spring well guess what i played the lottery won 50 million dollars so therefore how am i going to celebrate uh i probably won’t do this show anymore i’ll probably retire to hawaii um maui i think and i hope you all wish me luck april fool wait i wish i wish number one i don’t play the lottery and as they say if you don’t play you can’t win however what i do with my money i try to invest it and i think that’s a better way to go and why am i talking about investing because i have on my show today a stock market guru she has a journey that i just glorified in and i want to bring her on her name is charlene reinhart the dividend queen
Charlene Rhineheart
Hi Dr. Janice Fordman thanks for having me
Dr. Janice Hooker Fortman
Hi Charlene how are you today
Charlene Rhineheart
I am doing amazing especially since I have a chance to be on the relationship matters show
Dr. Janice Hooker Fortman
Well thank you thank you charlie before we start i’m going to show you something that i found [Music]
Charlene Rhineheart
Oh my god that’s awesome you still have it that is awesome how many years ago was that i don’t even know
Dr. Janice Hooker Fortman
Whoa that had to be eight or nine years ago well charlene is a toastmaster and as you can see she was miss corporate america she was well on her way to her financial guru dividend queen journey so i said i started looking i’m like i still have that let me let me show charlie
Charlene Rhineheart
That’s amazing yes that’s from 2015. it was actually six years ago
Dr. Janice Hooker Fortman
Oh wow okay well let me tell my audience about charlene charlene is a cpa and she’s also a pmp which is the world’s leading project management certification she’s the chair of the illinois cpa society tax individual committee in 219 she was the aicpa leadership academy graduate and also she was designated in 2019 as a cpa society woman to watch she’s the founder of the career goddess academy and wealthy women daily she speaks at colleges corporations and she helps people fund their dreams and create the lifestyle that they want and they love so you know i’m waiting because i want her to help me create my lifestyle that i love so she’s going to tell me how i can get to hawaii and stay there and not live in a uh 400 square feet condo but a big huge condo overlooking the ocean now this is something that amazes me because charlene paid off her student loan debt at age 22. she became a cpa at age 23 she left a dream job to live her dream life at age 28. and she also has a book so we’re going to talk about that and especially about the student loan because well my audience kind of knows how old i am and you know what i’m still paying my student loan and i have some friends who are my age who are still paying student loans so we want to know about that but first the first question i want to ask you charlene is it says that you had a dream job what made you quit your dream job and and how did you get the kahunas to do that
Charlene Rhineheart
Yeah so i always saw myself as a speaker entrepreneur and writer i landed this job in financial services during the recession so i was very grateful to have that job as a financial analyst i was climbing the ladder learning a lot then 2015 i won the title of miss corporate america 2015. i knew when i won that title that i had to make a decision do you continue with your old life or do you dive into something new that dream life that you’ve always had in the back of your mind and for me that was that perfect opportunity i was 28 i thought to myself let me take a one year sabbatical and see what will happen if i gave myself permission to do all the things i’ve always wanted to do i took that one year sabbatical and never went back so it ended up being more than a one-year sabbatical i just continued to live on that path and i started investing and just being intentional with my money so that i could continue to live that life now and in the future
Dr. Janice Hooker Fortman
Okay so so what got you interested in stocks
Charlene Rhineheart
Yes so i love stocks because i wanted something that would give me passive income i did not want to work hard for every penny that flowed through my pocket i wanted to be mindful of how my time was allocated i realized hey we only have 24 hours in a day we need to manage our health we need to manage our family life our passions and whatever else we want to do the legacy we want to leave behind so in order to maximize that goal that i had i had to learn how to make my money work for me that was the only way to be able to maximize my my life right now so i started investing in the stock market more i had invested when i was in college and this was in 2007 2008 so we know that a lot of stocks went down and my stocks did too i did no research i did everything that a person is not supposed to do and so 10 years later i got back in it stronger better than ever and i met dividends dividends became my best friend because it showed me hey you don’t have to worry about the stock going down you can make money every three months every uh every six months whenever a company pays a dividend you can make money even if the price of the stock is going down and so that’s why i enjoy dividends because it’s a stream of income that you can gain access to for life
Dr. Janice Hooker Fortman
Okay so now so you you you’re talking about dividends but how do you know uh so let me back up so so was it self-education or a self-study did you did you take classes did you have a mentor you know i mean a lot of us are interested in the stock market but how did you get to where you are
Charlene Rhineheart
Yes so i started in college with my friends and that’s when i did everything wrong i worked in financial services when i was working in financial services i studied financial statements i helped one of the largest banks in the world create financial statements now if you are going to invest fundamental analysis is key when i say fundamental analysis i’m talking about financial statements learning how to read a balance sheet an income statement the cash flow statement these three statements allow you to assess the health of a company just like we assess our health we go to the doctor well we assess the health of a publicly traded corporation by analyzing their 10k which is their annual report or their 10-q which is the quarterly reports that they produce so we look at all these financial numbers and the company will decide based on their health based on their record and trends in the market they will decide if they will give a dividend and so all of these conversations are headed by the board of directors and company leadership and they share with the public but this time i got to see what happens behind the scenes okay i was helping with the press release and i was helping with the earnings call so all of these corporations they tell you their financial results it’s like a party for investors they’ll tell you how they were doing in the past quarter and what they expect to do going forward so you can listen in anybody in the world can listen in on the calls for any of their favorite companies to see how the company is doing
Dr. Janice Hooker Fortman
Well well that’s something i didn’t know you know that that you could listen anybody can listen in
Charlene Rhineheart
Anybody can listen in so i still listening to different companies now it doesn’t matter what company it is as long as it’s publicly traded you can go to their investor relations investor relations link on their website and they will let you know when their earnings press release earnings call is and you sign up and you’ll be able to join the earnings call and hear everything that the ceo and cfo are saying about the company it’s pretty cool it gives you like that that insight that access to the people behind the numbers which is really good
Dr. Janice Hooker Fortman
Cool okay so uh now but if you if you have not invested in that stock once you listen to what they’re speaking of then what do you do you go and you invest in that stock because they are saying they’re going to pay dividends or do you already have to be uh investor in that particular stock
Charlene Rhineheart
So you don’t have to be an investor in a stock in order to go to the earnings call you can go to the earnings call for any company out there you can get their financial statements for any company out there all of that is available to the public so when the securities and exchange commission came about in the 1930s they required that public companies disclose all of their financial information the most relevant and financial information to their investors so that there could be some trust in this investor uh process and so all of this information is accessible because it’s audited by public companies now i’m not saying that you don’t have to do your due diligence when you do look at this information because the ceo could be saying something that is not right just to protect the image of the company so you do have your due diligence as well you have to read behind the numbers see any inconsistencies or something that just doesn’t make sense and then you also have to look at the trends in the marketplace colbit impacted the world in the way that many ceos never prepared for so these are different things that you have to take into take into account when you’re creating your portfolio
Dr. Janice Hooker Fortman
Okay okay uh when you talked about um how the stock market kind of fell well it wasn’t a crash it went down um i started investing during the tech bubble and i was in a an investment club i was in two different investment clubs and unfortunately one just folded and the other one uh there was some hanky-panky going on with the woman who was supposedly handing the money to invest us and so it so it ended up when we decided to abolish the club we had a choice of stocks so my portfolio is still really tech uh i never got into uh you know the other so everything for me is the nasdaq okay and uh but what i have noticed here lately and i didn’t know if it was because of that uh previous person that was in the white house uh that uh i mean it had taint but it is really really really really rising and so i’ve i’ve got several questions okay now uh if a person is beginning and they feel like they want to educate themselves about the stock market i know there are a lot of shows um on i used to watch the squawk box and and i used to work out and just you know watch the ticker um so do you recommend that in addition to companies that you might be interested in you know getting on those calls do you also recommend watching of the tv shows that deal with the stock market
Charlene Rhineheart
Yes i always tell people if there’s anything you want to learn once around yourself around individuals who know it and two watch tv read about it read a book just immerse yourself in the environment so that it becomes your second language you want to become fluent in that everything around you should represent that and that’s how you internalize it and make it a part of you so i definitely agree with that you should start having stock market conversations with your friends asking them what stocks are you watching are you going to stop for are you looking at exchange trade funds index funds what are you investing in so having these different type of conversations will just help you become more fluent and comfortable because that’s the reason why a lot of people don’t invest they don’t speak the language it’s like a foreign language it’s intimidating and so if we can break down those barriers if we can make it second nature i’m sure we would have better success in the marketplace usually when we don’t understand something the first sign of of gloom we walk away we run yeah and so in order to have that stick tuitiveness and to stay in there when times get tough in the stock market it’s important to lead with long-term perspective and sometimes and most times you have to know about the market and what to expect in the cycles in order to be confident with that long-term perspective even if things aren’t going well today
Dr. Janice Hooker Fortman
Okay now i know it’s a difference between say a younger person who decides you know they want to start educating themselves about the stock market and and an older person so for senior citizens do do you suggest that they still you know start investing in the stock market most senior citizens usually have a pension plan or 401k but they also you know they might have uh well most of them i guess have retirement income and i know they say you should talk about long term and then i think there’s something about being uh an aggress i think it’s called aggressive stocks versus i’m not sure of the lingo anymore but but let’s say a senior citizen should they look into investing in stock market
Charlene Rhineheart
That’s a great question and so when you’re investing in stocks you have to think about the riskiness of that asset so stocks are risky you can lose all your money and if you are a senior you want to think about it how long do i have to recover my money if i lose everything that can be that is not typically advised to have the majority of your portfolio in risky assets like stocks okay well if you were going to do a 100 equity portfolio and you are 70 80 that’s risky but at 70 or 80 you may want to think about passing on some assets to your children and grandchildren so you can consider opening various accounts that allow you to invest so that you can pass on that money i really love the roth ira a lot of people don’t talk about this that usually when people talk about investing in the stock market they’re like oh let’s get on robin hood and buy the hottest stock no there’s another way to do it this robin hood is user friendly it makes it so easy to just hit that buy button or sell button and get any stock you want but that doesn’t mean it’s the best and only way to invest robinhood is a taxable brokerage account so what a lot of people don’t realize is if you buy and sell equities on robinhood guess what robinhood will send you a form a tax form at the end of the year letting you know how much you owe in taxes now that’s a surprise to many people because they haven’t considered taxes in that investing equation but if you’re making money if you’re making profits the irs wants a what’s a slice of the pie too
Dr. Janice Hooker Fortman
Oh yes a big slice
Charlene Rhineheart
Exactly exactly and that’s why a lot of people when they have lower incomes they use a roth ira in order to invest a roth ira it allows you to invest your after tax dollars so this is money that has already been taxed you create a wrap ira you invested in the assets that you want and then your money grows so let’s say i put in 3 000 i invested in any growth stock and it grows to 5 000 the next year well once you hit 59 and a half and have held your account for at least five years you can take out all of your profits tax free what does that ever happen typically with the 401k 403b any other type of employer sponsored planned or retirement plan you have to worry about the tax man at the end of the day when you start taking out distributions and so this one is good because now you’re like oh wait if i earn a million dollars in a roth ira all of that’s mine free and clear no worry at all i get to take that entire million dollars myself and not have to share it because i’ve already paid taxes on my initial contributions
Dr. Janice Hooker Fortman
Yeah i i should have known that uh because i uh at my age i have to well i had a employee sponsored plan and i guess it’s a 403 b and uh and and once you get to be a certain age they make you take out that minimum withdrawal and tax it
Charlene Rhineheart
Yes people talk about that required minimum distributions once you 70 and a half they move the age up recently because the secure act or there was another act out there but they moved the rate and they moved it to 72 i believe 72 that’s when you have to start taking out um well yeah that was when you had to start taking out your required minimum distributions i know they’ve changed this to covet but that was it that’s the difference that’s the difference between a traditional ira or your for yeah that’s the difference between a traditional ira and a roth ira because those are both individual retirement accounts and every year well at least this year for 2021 you can put in up to six thousand dollars if you’re under fifty and seven thousand dollars like a catch-up contribution if you’re over 50.
Dr. Janice Hooker Fortman
Okay so if you had a couple of thousand dollars um let’s say someone had a couple of thousand dollars and they were looking for something to do with it now we’re going to talk about someone younger like a millennial and then we’re going to talk about a senior citizen what should they do with that 2 000
Charlene Rhineheart
Yes so it it definitely depends on your financial situation and your goals do you have debt if you have debt look at the interest rate on your debt yeah look at you don’t have do you have a debt repayment plan how much is that debt costing you basically find that out but it also depends on how much money you make so if you make under the income threshold which is i don’t know the exact threshold is different thresholds for each filing status so if you’re single it’s around 130 000 you have to make under that amount in order to qualify to contribute to a roth ira so depending on your income amount that will determine what you do so let’s say you do make under that threshold you’re making 50 000 a year you paid off your debt i would say before you start investing in a taxable brokerage account look at your financial situation though this is just uh yeah this is not customized but it’s smart to invest in a roth ira because of the tax-free benefits
Dr. Janice Hooker Fortman
Okay all right
Charlene Rhineheart
Yeah yeah but let’s say you don’t want to invest in the roth ira you just want to go on robin hood that’s perfectly fine you can go on robin hood and invest in assets but if you sell your stocks before a year yes you are on the hook for short-term capital gains taxes those are the same taxes that you pay on your ordinary income so let’s say you made fifty thousand dollars from your gamestop stocks you would be subject to those seven those seven tax rates that we pay on our ordinary income but if you decide to hold your stocks for over a year you get special tax rates the irs is going to reward you you get the long-term capital gains tax rates that’s 0 15 and 20 if you make under a certain amount so for 2021 that amount is around 40 hundred something like that it changes a year so if you make under a certain amount guess what all your gains from the tax from the stock market is tax free if your total taxable income is under forty thousand four hundred so you can make 30 000 from wages and 10 000 from stocks your stocks would be tax-free if you’ve held it in your account for over a year subject to the long-term capital gains rates
Dr. Janice Hooker Fortman
Oh my goodness
Charlene Rhineheart
So those are just different situations like with your roth ira if you make under a certain amount guess what you get a saver’s credit for investing in your retirement account so if there’s a qualified retirement plan that you have let’s say you’re making twenty thousand dollars because you were unemployed for the year and you decided to contribute to your roth ira the irs will give you a savers credit that is based on your filing status the amount of your contribution and how much you made for the year
Dr. Janice Hooker Fortman
My goodness gracious
Charlene Rhineheart
A lot of people do not take advantage of that that’s why i say contribute to your retirement account that you might get a credit and it definitely helps if you owe money now you get this credit that offsite offsets your tax liability which is awful
Dr. Janice Hooker Fortman
Yeah wow we have a question here um from sarah crawley she wants to know what happens to your rmd if you don’t take it but i thought they they made you take it
Charlene Rhineheart
You’re penalized so for each um you’re penalized you are required required minimum distribution now i don’t know if it’s that way for covet i haven’t done the rmd research for code because i know they’ve been doing a lot like covet i think they stopped rmd requirements in 2020.
Dr. Janice Hooker Fortman
Oh you didn’t you you didn’t get penalized
Charlene Rhineheart
I know this was um up to october august 31st i don’t know the exact rules but i know during covet you did not get penalized if you did not take it last year
Dr. Janice Hooker Fortman
Really
Charlene Rhineheart
Yes yes if you were supposed to start taking your distributions and you did not take it you did not get penalized
Dr. Janice Hooker Fortman
Oh because you know i thought you because uh my company just automatically sends it you know maybe it’s something i signed you know quite some time ago so i thought that that was a requirement that you had to take i didn’t know well i understand now about covet
Charlene Rhineheart
Yeah this is just a little bit that was just for coving that was just for colvin if you were required to take it um i don’t know if that was first time individuals who were required to take that rmd for the first time i’m not sure about those individuals who had been taking requirement required minimum distributions for a period of time i’ll have to get back to you on the exact rules but i know covet allowed for you not to be penalized if you did not take the required minimum distribution last year
Dr. Janice Hooker Fortman
All right well charlene um i got to take a quick break and then we’ll be right back and we’ll talk some more uh this is this is so educational so if i should have met well i didn’t meet you i did we weren’t talking about this stuff then we weren’t talking about this you know okay so um we will be right back with charlene [Music] reinhardt [Music] [Music] [Music] [Music] oh [Music] [Music] [Music] [Music] [Music] well we are back now if you would like to advertise on this show with eye-catching videos and increase your visibility you can contact us at 1-877-667-7325 or you can email us at jamfornow125 at gmail.com we have a team that’s in-house that will do your promos and your videos for you now we’re going to come back with charlene hey hello again now i’ve got a girl i got so many questions um coming in with the comments it’s all kinds of questions and i had some questions myself if you want me to go back to the rmd for clarification i have a point of clarification
Charlene Rhineheart
Oh okay great
Dr. Janice Hooker Fortman
Act it temporarily waived r b distributions only for calendar year 2020.
Charlene Rhineheart
Okay
Dr. Janice Hooker Fortman
Okay so now we’re gonna go here um maxine walker wants to know uh i guess you say where can you get a roth ira do most banks and institutions have them
Charlene Rhineheart
Brokerage firms do so you have your td ameritrades charles swapp fidelity all of those are your your top institutions that allow you to open an ira and various other accounts
Dr. Janice Hooker Fortman
Okay and as far as diversification what does that really mean to the average investor that doesn’t that you know person that really doesn’t know what that means
Charlene Rhineheart
Great question that means don’t put all your eggs in one basket because if that one company stop fall you’ve lost everything you want a mix of different either stocks or just different type of assets even with stocks i i tell people don’t just invest in stocks have a portfolio of all assets of different asset classes that you are comfortable with and that you truly understand so that when the stock market is down you can have another asset to rely on just like jobs if you rely on one job and that employer lets you go you have no income so it’s important to have other passive sources of income if you don’t want to work another job or just something that brings you more money you just never when it comes to stocks jobs whatever it is in life you want to i don’t want to say a well-balanced portfolio because it’s hard to balance it out but you want something that gives you security and allows you to sleep at night if that one thing does not go as planned
Dr. Janice Hooker Fortman
So in other words i’m not diversified because everything is in the check mark but but you know well anyway i’m learning and uh so what would you think what would you consider the best investment firms for or a beginner
Charlene Rhineheart
So i can’t recommend anyone i do use um different ones okay a lot of beginners do love robin hood because it’s user friendly i robin hood does not give you the full functionality that you uh would get from a traditional brokerage like e-trade or ameritrade or exactly from those brokerage firms guess what you’ll get access to customer service they will help you navigate the website and place orders and learn the terminology and give you training give you tools and resources to make you a better investor robin hood it’s just pick up and go by yourself it’s just like you’re on amazon and you’re buying shoes and all you need to do is press that button in order to make that transaction go through that’s how robin hood is okay comfortable with it because it’s easy so maybe some people have both have a robinhood account but also you can have a robin hood as your taxable brokerage account if you’re just starting with a little money and then if you want to have a roth ira you can go to another brokerage firm a traditional brokerage firm that will actually give you those resources and customer service to make sure you can do it
Dr. Janice Hooker Fortman
Oh okay so we have another question from brenda tucker jeffries what type of investment would you recommend for those retirees who have a thrift savings plan that doesn’t allow them to invest anything into it after retirement
Charlene Rhineheart
Yeah so it’s so interesting so when you have certain employer-sponsored plans they do not allow you they may not allow you to invest after you’ve left the company or reach a certain age and that’s where the roth ira is so amazing because there are no age limits for the roth and when you’re over 50 you get that extra 1 000 catch up contribution
Dr. Janice Hooker Fortman
Okay oh okay
Charlene Rhineheart
Something to consider for your portfolio depends on your income it depends on a lot of things if a roth is good for you so you don’t want to just say yes roth you want to look at your income you want to make sure you meet the requirements and you want to make sure that it’s better for you given your your goals and the money that you plan to allocate because a roth ira will only allow you to allocate up to 6 000 or up to 7 000 if you’re over 50.
Dr. Janice Hooker Fortman
Okay all right all right brenda you heard that so tell us about wealthy women wealthy woman daily
Charlene Rhineheart
Yes so wealthy woman daily is all about wealthy habits for a well wealthy life it’s all about your net worth we don’t talk about net worth often we often talk about net income let’s get that job so we can make more money but what about the net worth i always tell people that income is what you make net worth is what you keep in order to keep your money you have to be conscious of the decisions you make your net worth is the sum of all the decisions that you make every day so what are you choosing to buy what are you choosing to sell what are you choosing to add to your portfolio not just your stock portfolio but your life portfolio that determines your net worth and so wealthy women daily we dig deep into to those daily decisions that that we make choosing to buy potato chips that could impact our net worth over the long run if we do it every single day not just financially but it might impact our health and we’ll be paying those health care costs later on because of it so those are all things to consider when thinking about your your life having a wealthy life
Dr. Janice Hooker Fortman
So your net worth uh but doesn’t it doesn’t it include other things other than money
Charlene Rhineheart
Yeah so your net worth is your assets what you own whatever assets you have minus your liabilities whatever you owe so your estimates can be your cash your cash on hand savings accounts money market accounts all your retirement plans your real estate properties that you may own all of that could be in your asset category and when you think about your liabilities you think about the mortgage debt that you still have the student loan debts all of those debt obligations that goes in the liability side of the equation and it reduces the assets that you have and you’re left with your net worth
Dr. Janice Hooker Fortman
Okay so now how did you pay off your student loan that quick
Charlene Rhineheart
Yes so it was so funny because at 18 i got accepted into college and they did not give me any scholarship money and a single single mom and uh brother and sister younger brother and sister grew up in inglewood like how am i gonna do this my mom was like you know we’ll find a way we’ll make it work just go to school you want to and i was like i don’t want to take out loans so loans are scary because i heard people pay them you know forever it’s like it’s like somebody else is getting an extra stream of income i want an extra stream of income and so loans i’ll be honest long scared me so i took on multiple jobs i applied for every scholarship so that’s how i became a writer i started doing hundreds of scholarship applications at first it it meant a lot of rejections but i got better and better at branding myself and showcasing what i wanted to do and i started getting more scholarships i did have to take out a a loan unfortunately it was a private loan and because it was a private loan the interest is much worse than the federal loan so you know when you have a loan that is expensive you want to pay that off as quickly as possible so that was my motivation in school i started working jobs at big4 accounting firms they were giving me sign-in bonuses i remember i did an internship with the financial services company i was not going to take the internship but they told me hey we will give you a 7 000 scholarship on top of your signing bonus and salary if you work for us this summer so i took that seven thousand dollars that helped fund my education so it was a lot of things like that in college that really helped me to pay off my student loan debt before i graduated
Dr. Janice Hooker Fortman
Okay so now uh you founded career goddess academy yes tell us about career goddess academy
Charlene Rhineheart
Yes well it’s all about creating career success and a lifestyle you love and when it comes to career success we should all know that there is no one-size-fits-all career and you have to define success on your own terms okay i expose individuals to different career paths they can take i interview a lot of people who’ve went down various paths so that people can know what their options are most of the time we have no idea that this wonderful opportunity exists until we’re exposed to someone who’s done it so i try to highlight these amazing individuals so people can see hey this is the road map to success in this field if that’s where you want to go
Dr. Janice Hooker Fortman
Oh okay so now you get workshops or or do you do one-on-ones or a group or how does that work
Charlene Rhineheart
I use so i used to do a lot of coaching a lot of resume development because it all starts with your resume if you want to land any job you have to make yourself attractive for that opportunity you want to provide i always tell people provide date you want these opportunities to come to you instead of you being in a long line trying to apply to the apply for the opportunity so what does that mean what does that look like if you wanted to be a teacher what would make you stand out among everybody else even if you don’t have a background in teaching how can you use who you are use your gifts to stand out in front of any crowd
Dr. Janice Hooker Fortman
Okay so now it says career goddess so it’s women only
Charlene Rhineheart
And i do focus on women and because it’s a confidence um piece of it that i really want to instill in women i i constantly heard women say i don’t want to quit my job i’m scared i don’t know if somebody else will appreciate the skills i have i don’t even know what skills i have so that career goddess piece of it is you’re amazing you got this far there’s something in you that allow you to get this far and if you have years of experience there’s something you’ve done in those years to get here so what is it we pull it out of you because once you realize your value you understand that you are worthy and you walk into situations more confident and that allows you to attract the career success that you want you do not need five different job titles or you don’t need all of this and we as women we think we need so much it’s about owning the space we are in owning the gifts that we have so that we can take charge and be who we are in any career that we choose
Dr. Janice Hooker Fortman
Okay and so how often uh with your career goddess academy uh what is it like a six-week course a eight-week course or how does it work i mean if if you know if if if they if they want to attend it is it on well probably i know it’s not in person now but previously was it in person and is it still going on uh virtually or what
Charlene Rhineheart
I’m actually in the process of creating courses now to transition so that people can have on-demand access to these courses what i was doing previously i was doing one-off workshops or doing my own webinars for individuals but now i want to make sure i have everything in one space so that people can access it so stay tuned for the new and approved career guys academy because i know it’s needed right now and you’re right
Dr. Janice Hooker Fortman
So now how do relationships because this is relationship matters and we talk and and this show we talk about all kinds of relationships now tonight we’re talking about our relationship with money but but relationships period how do relationships play a part in your career and your lifestyle
Charlene Rhineheart
Well that is a good question i feel that you are some of the people that you associate with the most okay means that you have to be really intentional about the energy that you are attracting into your life here’s how it’s always been in my life i would write down my goals the goals that i had for each area of my life and then i would surround myself with individuals who were a reflection of that and that always helped me to achieve my goal faster and it eliminated a lot of the friction that you would typically find if you’re around people who may not believe in your ideas who may think it’s too big now you’re around big thinkers who show you oh you’re actually thinking too small you can actually do this so it really transforms how you think about life and what’s possible so that is that’s key to me before i do anything i want to make sure that i’m in a space with people who are reflection of the goals that i have
Dr. Janice Hooker Fortman
Okay all right now i know you do you know i follow you and um every time and i’ll see you you’re here you’re there everywhere so you do a lot of traveling and now when you’re traveling is this for your business or is this for pleasure and or is this this lifestyle this dream lifestyle
Charlene Rhineheart
Yes great question so in 2016 i left well in 2015 i left my job and was traveling in various states in the u.s but then in 2016 i started dancing and singing traveling around the world with up with people so i did that for six months yes after dancing and singing for six months and i stayed with host families from all over the world some people did not even speak english and it was even more amazing because i had a chance to really break out of my comfort zone learn something new interact with people who i wouldn’t have had a chance to if i wasn’t with up with people so that experience changed my life after the six months i was like i can’t go back to an ordinary job i don’t even know what to do with my life now i have to continue traveling and so i i just i found ways to travel i became a travel writer that helped um when i got one travel assignment but then i also found ways to manage my money so that i could travel more and i just attracted just a lot of travel opportunities in 2019 i didn’t even plan anything so in 2019 i decided that hey i just want to travel i’m going to book a one-way flight to london i don’t know where that will lead me but i want to enjoy this moment and the space that i’m in right now i’ll figure it out later i traveled to london spain malta luxembourg i had no idea what some of them countries like entailed but i decided to not plan anything because my life was always planned i just wanted that freedom that freedom to just go where i felt like i was led at that moment and see what would happen and it turned out to be an amazing experience and then cove it happened so i’ve been at home since then
Dr. Janice Hooker Fortman
Now you wrote a book and your book is called dividends are a queen’s best friend
Charlene Rhineheart
Yes yes yes yes
Dr. Janice Hooker Fortman
And so that’s available on amazon
Charlene Rhineheart
Yes it is
Dr. Janice Hooker Fortman
Okay okay and so then it will tell us all about just a little bit about what you already told us but it you’re gonna it delves into it a lot more so that we can all understand what dividends are
Charlene Rhineheart
Yes yes so before we get into what dividends are i like to tell people what dividends represent a dividends represent freedom it means that i can attract this passive source of income without lifting a finger i can have more time to do the things i love now this is how all of that works when you invest in a stock market you can invest in a variety of stocks some stocks will give you income you can get income every three months or whenever the board of directors declares the dividend you can get access to income so now you can create how much income you can determine how much income you receive every quarter by creating a dividend money plan it’s pretty amazing it’s pretty amazing i love dividends because there is no limit to how many dividends you can receive you know at your job you may be limited to 5 000 a month but with dividends as long as you’re putting in money building your portfolio you get access to that steady stream of income for life even if you stop putting in money guess what you’ll still get access to that money because you’ve already contributed and you’re you are an investor and the company will reward you for being loyal and
Dr. Janice Hooker Fortman
Wow yes well everybody you know what you heard the queen now quickly before we go we have maybe about two minutes about three minutes someone asked a question about bitcoin so quickly what do you think about bitcoin
Charlene Rhineheart
Good question well i feel that if you are thinking about a diversified asset and if you are willing to take on the risk why not but understand what understand what you’re getting into i taught bitcoin classes in 2017. i’ll be honest i talked to in 2017. i was telling people about this digital currency that had the power to change how we tran made transactions so think about the blockchain think about cryptocurrency bitcoin is only one cryptocurrency but i think it’s an excellent learning opportunity if not anything else is an excellent learning opportunity you just want to know what you’re getting into
Dr. Janice Hooker Fortman
And and it’s it’s not regulated i do know that it’s decentralized
Charlene Rhineheart
Yes
Dr. Janice Hooker Fortman
Yeah right and but i see that more and more companies are accepting bitcoin but what scares me about it is the fluctuation you know uh first is up here then it’s down there and then it’s up here then it’s down there and uh i invested a little in bitcoin uh but it just to me it just was so complicated uh uh and the first time you know you have to have this uh sign in or cold or whatever and it was long it’s long and and then i lost it couldn’t find it but fortunately i had not invested that much you know but uh yeah that’s something that um that’s uh you know a little interesting it i think i think it’s the currency of the future you know but a long time future yes i want to thank you for coming on uh uh this has been so informational so educational and people audience i’m so happy that you tuned in because this is information that you really need i’m i’m not gonna say unfortunately but you know the world revolves around money and charlene has offered us some advice for if you’re younger or if you’re you’re older like me what to do with your money what to do with your money as far as your livelihood and how you sustain yourself but charlene i want to thank you and i gotta have you back again girl look it was so many questions and they just still coming in i’m like i don’t have to we can’t answer these questions
Charlene Rhineheart
Let’s do it again this was fun
Dr. Janice Hooker Fortman
Yeah we have to do this again you know because it’s just so so many questions uh uh so many of the audiences have so many questions and i’m like okay well i’m just trying to get as many as as i can but this i tell you what um i think this is um carol uh because she comes in his facebook user but great insight great insight thank you so much charlene i want you to have a beautiful blessed rest of your evening
Charlene Rhineheart
You too thank you so much dr janice portman
Dr. Janice Hooker Fortman
All righty take care
Charlene Rhineheart
You too bye bye
Dr. Janice Hooker Fortman
Bye this has been so educational and informational for me i want you all to grab your copy of dividends are a queen’s best friend go to amazon i’m sure it’s an ebook and a hard copy but i would suggest that you get the hard copy well i’m old school so you know i like hard copies so but thank everyone who came in this evening it’s been a fantastic show i want you to tune in next week when i will have on the show a very important show about cyber security you need to attend that show in the meantime in between time have a beautiful blessed rest of your day remember relationships matter because there are all kinds of relationship matters see you next week bye [Music] do [Music] do [Music] do