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Nov. 24, 2023

Angel Investing and Buying Businesses w/ Stephanie Winston

Angel Investing and Buying Businesses w/ Stephanie Winston

Just when you think you've seen it all, along comes Stephanie, an angel investor with a heart for minority-owned businesses. Her journey from humble beginnings to financial success is nothing short of inspiring. You'll hear her candid story of overcoming adversity, and how her transformative experience at a trade school supercharged her journey to wealth. Stephanie’s story is a testament to the value of determination and a robust mindset on the road to financial independence.

Ever thought about dipping your toe into the world of angel investing? Perhaps the myths and misconceptions have kept you at bay. Well, it's time to bust those myths wide open as we, your hosts, share our personal experiences in this vastly underestimated world of investment. From understanding the associated risks to the potential for high returns when investing in businesses during their infancy stages, we navigate the labyrinth together. And yes, anyone can be a part of this, no matter your net worth.

But let’s not sugarcoat it. Angel investing is not for the faint-hearted. Stephanie’s first deal was a $16,000 loss, a stark reminder of the inherent risks in this space. But in true Stephanie style, she turned it into an invaluable lesson about perseverance. You'll learn the importance of networking, discipline, and money management, and be inspired to take your first step towards wealth and personal growth. So, buckle up, and let's go walking on the path to wealth.

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Transcript
Speaker 1:

you can't just put $100 in a small business. You know what I'm saying? It's bigger, it's checked, you got to put more money in. So when you lose money, you lose money, but when you hit it, you hit it, and it's a long journey and it's a beautiful thing. Money management is a big thing as well. Even when people branch over to investing or starting a business, focus on it. You're not going to think about going out and doing so much stuff. You're going to be, you know, just playing your lane, literally like to do what you got to do.

Speaker 2:

The journey to wealth is a long walk and some may walk quicker than others, but what good is sprinting to the finish line if you pass out when you cross it? On Walk to Wealth, we enlighten and empower young adults to build wealthy, abundant lives. They say the journey of 1,000 miles begins with a single step and your first step starts right now. This is Walk to Wealth with your host, john Mendez. Hey, everyone, welcome back to the Walk to Wealth podcast.

Speaker 3:

If you're tuning in on YouTube or any of the podcast directories, make sure to do yourself one teeny, tiny little favor. Make sure to give us a follow, because I don't want you to miss out on any of the amazing people I'm bringing on this year. But out of further ado, let's get right into this one. Stephanie, for anyone who hasn't had the pleasure and the opportunity to get to know you yet, to get to connect with you, Tell us your elevator pitch. You know who are you and what do you do. So my name is John Mendez. I'm a senior at the WCB. Who are you and what do you do?

Speaker 1:

So my name is Stephanie. I would tell you my last name, but that's a lot right now, but it's Stephanie and I'm an angel investor. I basically invest into minority-owned companies and help them grow.

Speaker 3:

Amazing. So take us back in a time machine. I always like to ask this question. Take us back to when you were a little kid, little Stephanie running around. What was your upbringing like? What was the topic of money, wealth, finance, what was that like growing up?

Speaker 1:

Well, growing up my family they had a rough I come from a basically you can say a poor family if you want to be technical but I had fun. We made just the way we had. I had a great time. My dad actually was kind of in and out of jail but he's home now so I kind of had a stepfather figure fill his place. And yes, school, I didn't really like school that much. I kind of always was a do what I want kind of person. So I don't believe in rules. I was kind of bad. I'm pretty bad at school. I was always in trouble, especially for laughing. Always in trouble for laughing. That's the first thing. I'm in trouble for Things like that. So kind of a normal teenager not listening and having fun. And then I kind of got serious about my wants and dreams and wanted to kind of basically change my family dynamic and the history of it. So my mom and my family always said she's going to be the one to do it and I'm doing it.

Speaker 3:

Let me ask you. So, you said, your teenage years. You was acting up a little bit and then you decided you wanted to be the one that changed you. What sparked that epiphany? What sparked that change of mind that made you want to start re-living life in another way, living life in a way that you took on the generational curse of poverty and just tackled that head on? What was the thing that made you kind of start getting into this entrepreneurial world?

Speaker 1:

Well, I always was a hustler. You know what I'm saying. I always was a hustler and, again, I didn't like rule. So I did battle it. I did battle a job. I worked for a long time. But when I first started working I was about 16, working at Friendly's and then I was there for a little while and then my mom kind of made me not made, no, she made me. She made me you go to a trade school to learn dental assisting. So I did some dental assisting work. I didn't have my certifications or any licenses. They just let me go. So I worked in North Stanford, which is a pretty wealthy area. The dental office that I worked for it was pretty big. It was a big dental office and, yeah, I just literally was talking to patients. They would even tell me like you're not going to be doing this for long and I don't see you doing this and give me advice and encouraging me Based off of this conversation. So I would listen to what they were saying and things like that. And I just got hungry all of a sudden, like super hungry. I'm like, ok, I don't like rules, I can't work at a job. It doesn't fit me. But I also am a hustler. You know what I'm saying. I got to get something. So, yeah, I literally just started reading a lot of business books and that's kind of what got me there with the mindset Cool something that a lot of people don't know that trade school is an option, and I think in Stanford we did.

Speaker 3:

we used to have right tech, but I don't know if it's still open. It used to be open, then it closed down, then open back up. I think it's still a high school, but I'm not too sure what they got going on now. But what was it like going to a trade school? Cause it's something that I think would be beneficial for a lot more people, but just never has talked about and never.

Speaker 1:

Yeah, no, trade school is great. It was a nine month program I did with dental assisting and I came out and with no license I didn't even have any licensing Straight out of school I was making about and this was before COVID and everything. So I came out making 16 an hour straight out of school and I was only about 19. And at that time that was a lot. And then I ended up after the year. After about a year I had left making 18. And once for another practice and made 19 at 19, 20 years old, and that was, you know, before COVID and everything happened. So I think it's definitely beneficial. It's a quick program and you do essential work. You know what I'm saying. It's good pay, you get benefits. So I definitely recommend trade school. That's an awesome personal one.

Speaker 3:

Yeah, so let's fast forward into where the journey really started to take up, and this is where we so we might add for anyone that doesn't know, we might add a network in the band. This is where you were telling me about when you started reading.

Speaker 1:

Yeah.

Speaker 3:

And you just started eating up books. So what was that point in your life that made you, you know, getting a library, you start picking up books and just really start consuming knowledge, like what sparked that in you.

Speaker 1:

It was my hunger, just to you know, learn more. I felt like I didn't know enough. You know what I'm saying Like. And yeah, I started off with mental books. I started off reading like Think and Grow Rich things that you know basically got me in the I can honestly say, got me in the right, basically passed, you know, to that journey. So it started off with mental books and then I started when I started knowing what I wanted to do. Then I started reading books based on what I wanted to do. You know what I'm saying, especially business. I read too many, way too many business books.

Speaker 3:

Let me ask you because Rich, that poor dad, is also the book that I read first when that sparked my journey. So what was it about that book that you took away from? Like? For me, the main takeaway was really how there's a different way of viewing the world and there's different perspectives and so people who got it like that go about the world a different way than people who don't. And what was it in the book for you that was like your big takeaway that I was like, oh shoot, like I never thought of that before.

Speaker 1:

I think the big takeaway in Rich that poor dad was basically the whole. What is it? It's a chart.

Speaker 3:

He's being I think it's a client quadrant, I think it's a cash flow quadrant.

Speaker 1:

I think it's like the employees business owner and investor. Yeah. So I think that was a big one because I didn't know again, past a certain level you know what I'm saying. I didn't know there was a categories of. I thought a business was a business I didn't even know investing even existed besides, like the stock market and real estate. So that kind of helped me get the information on that. There's kind of levels to this. So I think that was the biggest takeaway for me.

Speaker 3:

That's dope. And then from there you started consuming business books. So now that we got the backstory, so let's talk about it. Like, what got you into what you're doing now? Like you talk about angel investing and for anyone that doesn't know, normally at least from what I thought until I spoke to you about it like angel investing you have to have be an accredited investor, you have to make $250,000 a year or have a million dollar net worth not including your personal residence, and that is like the minimum barrier to entry. If you don't even have that, you're not even allowed to get in that game, and then you tore it otherwise, so like where did you learn that and how did you get started with the angel investing side of things? And oh yeah, but really quick, before you get into that, break down first what actually is angel investing and then tell us how you got into it.

Speaker 1:

Angel investing is basically an individual. They call it a high network. High network individual. I guess the statistics that you said. A person that invests into not public, private owned companies in exchange for equity of the company. So yeah, that's all. An angel investor is. And what was the other question?

Speaker 3:

How do you get into the angel investing? Like, what book did you read or who did you talk to that made you realize like, hey, you actually don't have to be an accredited investor to get into that world?

Speaker 1:

Well, I spoke with. I mean, I don't know if there's a book because, at the end of the day, this isn't something that's in college, this isn't something that you know what I'm saying, it's just done, it's not really taught. You have to. A lot of the times, angel investors is kind of passed down through generations of the knowledge and knowing of it. Because, again, a lot of people, especially in our community, don't know what an angel investor is and know that it even exists. So, and again, you're not gonna get that in college. So it's basically I feel like and again, I spoke to other angel investors as well but I don't wanna, like you know, say if it's in a book, like, okay, this is what you gotta be. If it is, that a lot of people don't follow it and that's just what it is. So, basically, it's just a set of rules. You know what I'm saying. Like someone, I'm one of those kids again, like I'm going back to how I was when I was young, not following rules. But, yeah, long as you have this indication where, say, you have three friends and all of you guys put in $2,000, you know what I'm saying. And like, okay, I wanna invest in something, that's okay, you know what I'm saying. Like you're an angel investor. You know what I'm saying. Also, your parents, your parents, are angel investors. They don't even know it. Like, say your parents, like okay, my kid wants to start a business, I'm gonna give him some money and you know, I just wanna this out of it or I just want it to succeed. That your parent is an angel investor. You know that's literally what it is. It just maybe she just doesn't know or have doesn't want to put a label on it. You know what I'm saying. So it comes down to being it being that simple. Again, if you just wanted to invest a hundred dollars, five hundred dollars, into your friends company, you know, like you believe in your friends, it's, it's all the same thing. So I think that the label and the 200 and whatever the, the price is, whatever that you know makes it qualified, is just that the risk, the reason why and I again mean a lot of angel investors Talked about this the reason why that they say that because they don't want people that can't afford to lose money Lose money if that makes sense, so that they they kind of throw that in there to help people. You know, but it's not really a okay. If you do this you're gonna gel or you got to pay a fine, or you know I'm saying it's nothing like that. Is it trying to help people?

Speaker 3:

Yeah, so like what you're saying is like angel investing is pretty much is lending money to help grow business and like the simplest terms. And yeah, in exchange or something like usually a piece of the company or maybe yeah for a return or whatever, but the terms change. Yeah, so that's interesting, because when you break it down like that, it's like definitely we can all be angel investors, right. Yeah, and let me ask you now so, with the angel message you mentioned a point to how this isn't taught in most schools, or at least isn't taught in. Definitely in our community, right, you started bringing this around. People from our communities like in that don't really know this stuff. What was the Feedback that you got? Because, from what I found, like when I got into entrepreneurship, at least in my family, like everyone was like Disappointed, you know, upset when I decided to drop out of college again into entrepreneurship and not take that traditional track Because I was for me, I was the one that was. I was first-generation college student. I could be the first one to go to college and my like out of all my cousins from my grandmother and my grandpa, me, the first one they gonna be going to college or finishing at least if I were to go through. And so it's like there was a lot of pushback from Decisions that I made and people didn't understand the path that I was on and so, like what angel investing? I said because most people Either don't know what an effort is or be people that do know what it is, feel like they can never get there because it is a Long journey to get to that point where you're a crept in, even though you don't have to be. Like we always a feedback with the people around you. Did they understand it like, what were they saying? Did you tell people about it? Oh, you just kept it on the low until you got to pop it off a little bit.

Speaker 1:

I did keep it on the low Because I am a private kind of person. So I did keep it on the low. But the people that I did tell some didn't understand it, like the brain couldn't like think. I don't know Like think that far. So it was like what the fuck are you doing? You know what I'm saying, like, and it didn't fit and I just basically like kind of, just okay, you know saying, other people thought it was the, and then yeah, yeah, literally it was either one way or the other.

Speaker 3:

Yes. So let me ask you so what was that like on you? Because a lot of time people talk about this entrepreneur path Like how have you been able to navigate down this road knowing that most people that were brought up where you were brought up from Aren't going to understand, aren't going to hop on the wave?

Speaker 1:

Like. What was that like?

Speaker 3:

navigating that because they could get real lonely sometimes.

Speaker 1:

Oh how. Yeah, it definitely get lonely and you definitely kind of see things that like people's character and See you know kind of who's with you's not who might have some type of hidden. You know, in a mod city towards you that never came out before so it does come with hate. You know what I'm saying. Like I feel like Everyone talks about that because it is a fact. As you're, you know, leveling up and just being, you're getting to your High self if we want to, you know, get technical with it so, or just even chasing your dream. A lot of people don't have dreams, so it definitely gets lonely, but it's like having the faith and just knowing you're, at the end of day, you're not alone. You got, you know, god helping you. You know I'm saying like so I, me personally, I just I just keep going. I always been that kind of person. I don't like too much, I'm just in my lane with God. You know I'm saying like anything else is kind of don't really matter to me, but it does get a little disappointed like damn, now you to just to the promising, and you know, moses, he got people out of Egypt right, but he ain't make it to the promising himself.

Speaker 3:

Right they were, they were lost in the desert for some time and it just goes to show like, as you could get down his road, like People who aren't on the same track, go fade away and fizzle out and Then, as you start to get more and more into who you're meant to be, the right people go, come along right and then opportunities will happen and, you know, memories will be made and experiences will be shared that were just like you know, not to say that the old memories are bad, but just like these new memories.

Speaker 2:

They're also great as well.

Speaker 3:

They're just good in a different way, right, and so it's like for me it's always been. At once I got into this entrepreneurship journey, it's like my mind for almost a good a moment, like a time was over, like consumed with it. I Honestly almost I would say almost to my own detriment. But what I realized too, it's like if things fizzled out. The only thing that would have changed is that it would have been slower to fizzle out had I not been so consumed. I feel like they still. The trajectory was still headed where it's headed. I just expedited a little bit just because I was so in the business, like and working two jobs and studying to get into the Relative state and then eventually starting my podcast and eventually starting the social media stuff I had. Going on, I used up in the journey. It's like I've been locked in for the most part and people want to hop on ship and come along. It's like I've been documenting the whole journey. That's why part of the podcast I haven't, you know, documented the journey, the hallway, and so it's like now it's to the point where, where I'm headed now, the people I know that are in my life, I know for a fact that they're definitely there for a reason, not because we bump and you know, bump elbows in the hallway or we play ball. It's like because these people are like yeah let me ask you to get back on the top of the angel invest a little bit, because I'm curious, like for the people that don't really understand, like make it make sense, like why I invest in a business version, the investment real estate or investment stocks, cuz, like you always hear like, oh, invest in in you know your 401k, you're invest in your, your Roth IRA and you know, get these, you know index funds usually, or yes, then real estate, get a duplex house hack. Like you see her all the other words, but you never really hear people talk about investing in businesses. Shrills. It's like right. What was the thought process as to like? What's your reasoning as to why Investing in business may be a better vehicle for than the other vehicles that are out there that have mainly preached?

Speaker 1:

Okay, yeah, that's actually a great question. So a First of all, the stock market is. You know, again, everyone can invest in the stock market. You know what I'm saying. You do take losses and wins, but at the same time it basically angel investing is more riskier. So it's like very, very, very risky. Not saying that's real estate and the stock market is not risky, it is, but angel investing is really really risky. You know what I'm saying. Like and then you can't just go in and put you know I mean you can if you, but you know you wouldn't get like the best returns. But you can just put $100 in a in a small business. You know what I'm saying. Like it's bigger checks, you got to put more money in. So when you lose money, you lose money, but when you hit it, you hit it and it's a long journey and it's a beautiful thing. Again, the people in the stock market, that's just public businesses. You know what I'm saying. Angel investing is private. So even those companies in the stock market there were angel investors and venture capitalists, you know before it hit the stock market. You know what I'm saying. So imagine how people come up in the stock market, you know. And even the Roth IRAs, the retirement plans and stuff like that, the amount that you're basically receiving in the timeframe is like I can't explain it. Oh, that's how I get at Like cause there's so much information like that. It kind of you know. But basically imagine, even with a real estate property, imagine you had this property, for you know it's appreciation right. So I'm gonna speak on real estate, because you're on real estate. So you know, the longer you have the property, you know, the more money you're getting over time, you know. So imagine starting right Let me bring it back to the stock market again. Like imagine starting when you know how, when Bitcoin was one cent, you know what I'm saying. And then now it's that however much Bitcoin is now, you know. So when you're angel investing, basically you're starting really after early estate. So when it goes public, you have like a fortune. You know what I'm saying, cause it's a long-term game, like just basically how a business grows in the continuum of the business. So I think angel investing, again, it's really risky cause you can lose. But once you're in, you're in, and then again you have to venture capital, capital stage after that, and then the public market into the public world. So it's good to get in. I believe I'm sorry my dog To get in early. And then you know, but then again I got to go to the risk school because the business can fail, and a lot of businesses do fail, but there's a lot of businesses that don't fail.

Speaker 3:

Yeah, it's one of those things that's like to kind of summarize what you was talking about. It's like you kind of get into a business in no way there's no way you're able to get into a business for pretty much pennies on the dollar just cause you. Pretty much you get to get in at the initial stage where the business is still got its roots growing and it hasn't really popped off yet, and so you get that opportunity to get in the game. You have to put some skin in the game, of course, but you get in early. That's like the main benefit. And so back to, you were saying the risks are higher cause you're investing earlier on, so there's less of a track record for you to really go off of. You kind of have to really understand business and really have a good intuition as to where that company is gonna go and if you really believe in that, that that company is gonna get into something, cause I mean, I heard some horror stories of people like getting into angel investing and then when a company goes public it doesn't go as well and then people lose a lot of money. And it's one of those things where it's, like I said, the higher the reward, the higher the risk as well that you're putting into it. But, just because something is risky it doesn't mean that it's a bad investment, because a lot of times like the stock market is risky as well, like there's time to start making money now, well, let's say it's risky as well, you know very risky time right now, cause no one knows, you know what's going to happen with the real estate market, and so it's like you have to be able to, you know, know what you are able to tolerate before you get into something like that. And so it kind of segues into my next question. I wanted to ask you cause, as you said, angel investing, you get in early, you get in at a very, very, you know, hefty discount, but if things go south like, you could lose it all and, as you said, you're usually coming up with some bigger checks up front than you were if you were, you know, getting into index fund. So let me ask you, like, aside from having money right, cause you get a check doesn't solve everything right you can't just start writing check in different companies, right, as a matter of money, what do you need to really start getting some success with, like angel investing? Like, what are the skill sets or mindset necessary to really start, you know, to see some returns and invest in some solid companies?

Speaker 1:

I would go with something that interests you. You know what I'm saying, because that makes a lot of you don't want to learn about it. You know what I'm saying. And again, I believe that some people do actually just cut the checks, and you know, that's just that. But I spoke to a lot of angel investors that don't do that. But then I know some that do, and then there are groups that just cut the check, but it does come. I think it's more beneficial to know the business and basically try to offer as much as you can to the business by learning it. You know, see where, look at the company, see where they, if it's already started, see, like what's the problem, like, again, I'm a problem solver, and so literally just learning the ins and outs as a bird's eye view, like not knowing the details of every little thing, just like a bird's eye view of the business as a whole, the industry as a whole, and then basically just connect dots wherever you can fit in to help the business succeed. Do it, you know, cause at the end of the day, you do want to protect your investment, you don't want to lose. So if you can't help, you'll want to help the company grow, you know. So yeah, that's basically all.

Speaker 3:

Let me ask you then Cause, when you're angel investing, so you're giving your money to people, and a lot of times I know when I can rather stay when you invest in like a syndication type deal, which is like a deal where you kind of just pull your money together and give that usually to someone who then invest that money and usually in those cases you don't have a well, how much, say, do you get into a company? Is it dependent on how much money you give the company? Is it dependent on how much you know a percentage of the company that you take, like what's it like? Kind of like, if you, I know there's a lot of factors at play, but for people who you know don't really understand, like when you invest your money in an angel, you're with a company. Do you have a say in, like you know, the operations and their business and what they have going on, cause you are given, you know, a good amount of money, usually to these companies.

Speaker 1:

No, you don't have a Say especially. I mean you can, unless you guys talked about it before and you just have it in the concept that you know that's what you guys are gonna do, then yeah, but other than that, no, you're just there to kind of help and support them. But if they need it, you know, because it's their business, you know, you're just there to, you know, basically help them. But again, most angel investors do offer, like their network as well, so to help them, but yeah, no, that's you don't have stay in there date day, today operations.

Speaker 3:

You just be basically the friend, the partner, you know so then, for anyone that might be thinking like, all right, I'm giving them my money, I'm giving them a lot of it, and I can't say that like I can't have any any say in the company. Like, for anyone that may be thinking that like, what would you say to that person that like? Still can grasp the concept.

Speaker 1:

They'll say that it depends on the state that they're looking for. Because if that's the case, like then, you can just try to partner with them, you know, in a different kind of way. But again, if they're, you know, trying to give advice, you know that's fine, you can give advice and help them again, help them grow, because who wouldn't want to grow? You know what I'm saying. But bars, you know, one in the state, you'll have to like, you know Right at right, that in the contract and it be agreed upon. You know, and that's a, you can do that.

Speaker 3:

So far we talked about really like you know what is angel investing, which is like kind of putting your money into a business while it's still private, you know, before it goes mainstream, before it's stock money, getting in on that early stages of the business and Kind of almost seeding the company, you know, helping it grow while it's still and getting in and out of discount. And so Take us back to your first deal if you don't mind, like what was that, like you know, writing that check and Seeing it, giving it to the person right Like yeah, what was?

Speaker 1:

like I was actually really excited, you know, because I, I, just I kind of went fast.

Speaker 3:

So you know, I think, how about I'll find it? How do you find it? Before you got into the story, like, how do you find that first deal? And then tell us, like, how will like actually get on to you?

Speaker 1:

Yeah, actually found my first deal on LinkedIn. That's LinkedIn, linkedin is great. But yeah, I found the person on LinkedIn and what he found me and we had, like you know, a lot of conversation kind of helped them get started, because he was actually a broker. I didn't get into what I do for angel investing, but basically he was a broker and he wants to start his own shopping business. So I, yeah, I kind of helped him go, his licensing and everything you needed to, you know, basically start the business and Like, when it came to cutting the tech, I was like, and even the banker my banker was like, are you sure you want to do that? And I was like, yeah, so, but after I was alright, now let's go. You know what I'm saying. It was just kind of that thing, but it was a I did go fast. My first deal, I actually I lost, I lost a lot, I lost. I lost 16,000.

Speaker 3:

Sheesh on the first deal.

Speaker 1:

I'm a first deal, yeah, so yeah, that's the losses I was talking about, you know but you just keep going.

Speaker 3:

Well, so really actually like, what was that like though? Like like that feeling in your gut, like what was that like when you, when you're going? Because at that point a lot of people would have said, just like I, after this, I'm out. I should love 16 bands, that's the most we come from. It's like you know. I would have, you know, hit the door and and ran away and closed it behind there and never looked back. It's like, what was that like on your first deal, losing that much money?

Speaker 1:

I was sick. I was so sick like I was like, oh no, no. But um, afterwards I was like I just got over it. You know, I'm like again. I knew that I was warned that this comes with it. You know what I'm saying. Like so, and a lot of people that I spoke to, even after the fact, they was like that they lost a lot of money too, so it made me feel better. Um, so that's again. It's much riskier. So Again, I'm just, I just kept going. You know, I took it out. I'm gonna keep going to my W kind of thing. So if I lose, I lose again. If I don't care, I'll keep losing, but I ain't gonna keep losing.

Speaker 3:

Hopefully, not because it's. Back to back, to back back.

Speaker 1:

No, but it's just like more of a thing of like it's not giving up. You know what I'm saying. Like, because, at the end of the day, like they say, like you could get A million, no's that one. Yes, you know what I'm saying. So, Not to put it in that sense, but but like, literally like that. So you just keep going you know so. I'm just. I got another company that's going well. So you know, I guess it comes with the game.

Speaker 3:

Yeah, no, it all works out. You got to take a couple else to get the wins right. It makes it worth that much more worthwhile right when you get them. I'm gonna need to ask you too, because I know it's not proper to ask a lady, a lady, her age right, but you got it going young. So it's like how For anyone for example, I said 16,000 a lot of money just lose. So I'm assuming you invested more right, but For what's you know tips could you give to other young people to Help put us in positions to invest in things like this, like saving lives, like financial, like financial literacy wise? What kind of helped you get into a position to save that money, not spend it? Look at your bank account and still not you know. Keep it tucked away for the time when it was ready to invest, instead of blowing it on like designer blowing in the new car blowing it on whatever. What do you have to learn to help you save to the point where you were able to invest that type of money in a deal this early on in your life?

Speaker 1:

Um, that's me disciplined, you know, um, discipline and I I took a lot of time to myself. You know what I'm saying. Because you get going outside. You're ready for $100. So, yeah, it's like, well, it's like, but, um, literally, discipline, managing money management is a big thing as well. Even when people branch over to, uh, investing or starting a business, um, money management is actually key. So, if you gotta, you know, eat noodles and noodles for a month and not go to Roof criss or wherever people be going with that spot I forgot but yeah, let's pass us but prime. Prime, or even um what it got. Has the roof, the rooftop on it sign the water and your sign of the. Well, yeah, yeah, yeah, like, stay out of brisk work for a little while, you know, like just, you know, kind of just lock in. You know, take, get a little more serious, not spinning on again. We see, I, I drive, I'm ready to drive through um, north stanford, um, when I was working and seeing even the cars that these mansons had you know what I'm saying like I'm like, okay, there's Hondas and you know regular cars, it's not no crazy steamers, it wasn't even barely any of the mansons had you know those kind of cars. So again, it's materialistic things that that can wait, you know what I'm saying, until it makes sense. It can wait until makes sense. And, yeah, literally just locking in, like getting focused. I feel like focus and discipline is like the top two. Focus on it. You're not gonna think about going out and doing so much stuff. You're gonna be you can't, you know, just on your lane, literally like to do what you got to do. So focus and discipline for sure.

Speaker 3:

That's dope. And so now you, you have a couple of deals on your belt. You're actively investing. Now Let me ask you like, where are you taking this? Like, where, where is this whole? You know, stephanie, playing flying to where you were you planning on taking this, all this angel investing?

Speaker 1:

honestly, the goal for me is freedom. So I'm just I'm gonna do as much as I can and again, I'm helping people, so I feel like it's part of it, but my end goal is really freedom. I want to be financially free, so I plan on Retiring in five years. You know what I'm saying like. So that's really why I'm taking it, and then that's I can pass it on to if I have Sibling or whatever when I'm done and yeah, but literally just you know helping, you know the good amount of people I'm where I'm fulfilling all my purpose in life and, yeah, just ending it there because again, I'm not a I'm not one of those people that you know it's kind of do it forever and you know all the money. You know I'm saying like I do have an end goal with it.

Speaker 3:

Yeah, that's a sub. So let me ask you when could people find you at? Where can we connect with you? If we want to learn more about what you got going on, if you want to get to bring, just wanted to, you know, just follow along your journey, where could we find you at?

Speaker 1:

I actually just updated my Instagram. It's more professional now. My Instagram is Stephanie, is STHHH that's funny, and I eat. I can. Yeah, you guys can follow me there and Nathan under Stephanie W Stephanie with the IEBH, and my website is wwwbarbarrbsanglesinvesting. So, yes, and you know, apply to you know my, my angel investment form. If you guys are qualified, I can definitely invest, but I do trucking right now, only I'm in the trucking industry.

Speaker 3:

Okay, okay, and so now it's time for our famous five questions. So question number one what is the most impactful lesson you've done in life?

Speaker 1:

Honestly, is helping people like I can say honestly, helping people definitely kind of open my eyes to a lot of just why I'm here on earth and as a human, you know, I do believe that we're here to help people. And then you know, also just seeing kind of the truth, you know two colors and things like that in the midst of it.

Speaker 3:

What is the most admirable trait a person can have?

Speaker 1:

Definitely an open mind.

Speaker 3:

Have you had to change someone's life for one book? Which book do you recommend?

Speaker 1:

That's a good one. There's so many it'll have to be between. All have so many favorite books. Let me see this that we need to see this outcome is that.

Speaker 3:

Okay, that was what it. I was there. What is the legacy that you're trying to leave behind?

Speaker 1:

The legacy I'm trying to leave behind is basically breaking free. I think I'm leaving like that. I can't perfect and then. So let me ask you guys, your?

Speaker 3:

final question to wrap things up. For anyone that wants to embark on their walk To out today, like right now, what is the first step you recommend they take, no matter where they are on a journey?

Speaker 1:

Definitely spending time with yourself. I believe that, just to stay in your lane, you know what I'm saying. So I definitely been in time with yourself and reading like mental books first, you know, because that's why, like it starts here before it comes out there. You know what I'm saying.

Speaker 2:

You've now finished taking the first step. Now Let us help you take the next one. Subscribe to our newsletter at walk to wealth comm. That's walk the number to wealth comm, so we can keep you moving on your journey. We'll see you on the next episode of walk to wealth with John Mendez. You.