Financial Tips: He created tools for financial success, estate planning, and long-term wealth building.

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Dr. Joaquin Wallace.

🎯 Purpose of the Interview

To explore Dr. Wallace’s groundbreaking work in financial literacy, particularly his concept of the “financial genetic code”, and to promote his book Generational Wealth Begins with Generational Knowledge. The interview aims to empower marginalized communities with tools for financial healing, literacy, and long-term wealth building.

🗝️ Key Takeaways 1. Background & Recognition

Dr. Wallace is a recipient of the Wells Fargo Living History Makers Award.
Featured in the Contemporary Black Biography series.
Former college basketball coach and educator with a strong focus on discipline and mentorship.

2. Seven-Stage Generational Wealth Model

Outlined in his book, the model includes:

Internal/External Ecosystem – influences from family, community, and environment.
Financial Genetic Code – inherited financial narratives and behaviors.
Financial Healing – reprogramming harmful financial habits.
Financial Edification – literacy and inclusion.
Financial Well-being – stability and health.
Generational Knowledge – estate planning, insurance, long-term care.
Generational Wealth – successful transfer of assets.

“Without financial well-being, there is no generational wealth.”

3. Financial Genetic Code

A trademarked concept by Dr. Wallace.
Unlike DNA, it can be rewritten through education and therapy.
Influenced by early experiences, family habits, and community norms.
Examples include “scar tissue narratives” (trauma from past financial events).

4. Credit & Financial Literacy

Credit score is critical but misunderstood.
Utilization rate should be under 30%.
Payment history and inquiries significantly affect scores.
Many people are unaware of the difference between consumer scores and business scores.

5. Barriers to Financial Growth

Lack of trust in financial systems due to past trauma.
Misinformation passed down from family and community.
Zip codes and overleveraging can impact loan approvals.
Financial professionals may unknowingly transfer their own biases to clients.

6. Role of Financial Professionals

Dr. Wallace identifies five key roles:

Financial Educator
Financial Counselor
Financial Therapist
Financial Advisor
Financial Planner

He emphasizes matching individuals with the right professional based on their needs and emotional readiness.

7. Book Insights

Generational Wealth Begins with Generational Knowledge is an Amazon bestseller.
Includes self-assessments after each chapter.
Designed for both professionals and everyday readers.
Encourages readers to identify their financial stage and take actionable steps.

💬 Notable Quotes

“You are your credit score.”
“Inherited financial narratives create encoded financial behaviors.”
“Any answer sounds correct if you don’t ask the right question.”
“Consistency creates consistent outcomes.”
“Financial literacy is not the end-all—it’s just one piece of the puzzle.”
“We do what we know. If we don’t know, we just continue to do.”

📌 Final Thoughts

Dr. Joaquin Wallace offers a transformative framework for understanding and improving financial behavior, especially in underserved communities. His concept of the financial genetic code bridges psychology, education, and economics, making financial wellness more accessible and actionable.

#SHMS #STRAW #BEST

Support the show: https://www.steveharveyfm.com/

See omnystudio.com/listener for privacy information.

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Financial Tip: His financial book teaches principles like self-control, patience, and hope

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Gerron Duhon. Purpose of the Interview The conversation aimed to: Highlight the importance of financial literacy for young adults. Share Jerron Duhon’s personal journey from Lake Charles, Louisiana, to Yale University and into holistic financial planning. Promote his book “The Purpose of Paper”, which focuses on building generational wealth and breaking harmful financial habits. Key Takeaways Personal Journey & Identity Shift Jerron used football as a “meal ticket” to escape his hometown, but a concussion ended his athletic career, causing an identity crisis. He pivoted toward financial education and wealth creation, emphasizing long-term planning. Misconceptions About Wealth Many young adults believe wealth comes quickly through gambling, sports betting, or flashy investments. Social media fuels the desire to display wealth rather than build wealth, leading to poor financial decisions. Financial Habits & Framework Jerron introduced his AIMS framework: Awareness: Know your current financial state. Intention: Set clear goals and reverse-engineer steps. Mindset Change: Focus on future self, not old habits. Systems: Automate savings and investments to reduce reliance on willpower. Faith and Finance Connection Principles like self-control, patience, and hope—fruits of the spirit—are essential for financial discipline. “Faith without works is dead” applies to money: belief must be paired with action. Generational Wealth Gerron stresses taking ownership of your financial future rather than leaving the burden to your children. Investing should be strategic and long-term, not like playing the lottery. Practical Advice Start small but consistent (e.g., $150/month). Use modern tools like Robinhood for stock investing. Shift from being a consumer to an owner (invest in companies you use). Notable Quotes “Football was my meal ticket… but I realized I didn’t dream far enough.” “We connect our financial decisions to display wealth instead of to build wealth.” “Faith without works is dead—just like in finances.” “Are you going to be the one that changes your generation, or will you leave that pressure on your children?” “Good advice is timeless.” #SHMS #STRAW #BESTSupport the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

10 Dec 28min

Second Chance: He focuses on empowering returning citizens and at-risk youth to reintegrate successfully into society.

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Blayther Sabbat. Purpose of the Interview The interview aims to: Showcase Blayther Sabbat’s mission through his nonprofit Pillars of Success, which empowers returning citizens and at-risk youth. Discuss strategies for reducing recidivism and creating pathways to success via mentorship, financial literacy, and career development. Inspire individuals and communities to take action toward social impact and economic empowerment. Key Takeaways Background and Motivation First-generation Haitian-American from Washington, D.C. Athletic background (DeMatha Catholic High School football) instilled discipline and leadership. Personal experiences with family and community challenges inspired his commitment to mentorship and reentry programs. Pillars of Success A 501(c)(3) nonprofit providing wraparound services: Mentorship Financial literacy Life and work skills Career development and housing support Focus on empowering returning citizens and at-risk youth to reintegrate successfully into society. Challenges and Misconceptions Common stigma: People assume returning citizens are “bad individuals.” Reality: Many are in survival mode and lack resources, not character. Success requires personal accountability and willingness to change. Impact and Measurement Success is defined as progress, even small steps like consistent routines or positive mindset. Emphasis on action: “The difference between success and failure is taking action.” Affordable Housing Advocacy Sabbat worked at D.C. Housing Authority for 8 years, rising from clerical assistant to certified housing inspector. Purchased property at age 26, faced conflict-of-interest issues, and resigned to pursue real estate and community impact full-time. Career Development and Partnerships Promotes trades (plumbing, HVAC, carpentry, IT) as sustainable career paths. Partnerships with Google for digital literacy tools and scholarships. Collaborates with local universities and organizations for training and job placement. Financial Literacy Learned through personal experience buying property on a $35K salary. Advocates understanding credit, banking, and responsible money management. Call to Action Support through donations, mentorship, volunteering, and spreading awareness. Website: www.pillarsofsuccess202.com Notable Quotes On stigma:“People judge returning citizens as bad individuals without knowing their story. Many are just in survival mode.” On success:“Progress—any form of it—is success. The difference between success and failure is taking action.” On leadership:“We don’t succeed unless they succeed.” On financial literacy:“It’s not about how much you make—it’s about what you do with it.” On courage:“I walk by faith. Fearless. Failure and fear are the same—you learn from mistakes.” #SHMS #STRAW #BESTSupport the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

10 Dec 34min

FULL SHOW: Cash For Christmas, Strawberry Letter: He Doesn't Know Me In Public - 12.09.25

9 Dec 1h 32min

FULL SHOW: Sista O'Dell, Strawberry Letter: I Know My Man's Hands - 12.08.25

8 Dec 1h 32min

Introducing: The Ripple Effect with Jenna Kim Jones

Ripple Effect is your weekly reminder that HEY! It’s not all bad out there! Hosted by comedian Jenna Kim Jones, the show spotlights true stories of everyday people turning simple ideas into serious help—a neighbor rebuilding after disaster, a kid launching a community project, volunteers transforming a moment into a movement. Expect laughs, a few tears, and one clear, doable action you can take after every episode. If you’re looking for proof that goodness still works—and practical ways to pass it on. Hit follow and start your own ripple. Let’s make some waves, together.Support the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

6 Dec 1min

FULL SHOW: Michael Jordan's Yacht, Strawberry Letter: Went Under Cover & Ended Up Under The Covers - 12.05.25

5 Dec 1h 32min

FULL SHOW: Allowance Raises, Strawberry Letter: I Love The Man That Catfished Me - 12.04.25

4 Dec 1h 32min

FULL SHOW: Missing Work, Strawberry Letter: He Knows I Don't Wear Underwear - 12.03.25

The Steve Harvey Morning Show for Wednesday, December 3rd, 2025: Steve Harvey's Morning Inspiration | Show Open | Nephew Tommy's Run That Prank Back - "Neighborhood Watch" | Ask The CLO | Entertainment News | Christmas Shopping (sponsored by Macy's) | Tommy's Excuse For Missing Work | Nephew Tommy's Prank - "You Married Your Brother" | Strawberry Letter - "He Knows I Don't Wear Underwear" Parts 1-2 | Junior's Sports Talk | Social Media Advice | Charging Family For Christmas Dinner | Would You Rather | Steve Harvey's Closing RemarksSupport the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

3 Dec 1h 32min

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