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Aisha is eager to discuss how some transformative advice has impacted her career. She is now curious: what limiting beliefs have Paula and Joe had to let go of in their businesses?
Lesley is drawn to community bonds as a means to foster collective wealth for those who are underserved. However, do the same risks exist that are found in the traditional bond market?
An anonymous caller is curious about the potential of Employee Stock Ownership Plans. Could this be the solution for a seamless exit from her business while also creating a legacy for her employees?
In today’s episode, former financial planner Joe Saul-Sehy and I address these three inquiries.
Enjoy!
P.S. Have a question? Leave it here.
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Aisha asks (2:12): How do you determine when it’s time to change direction — not just in your career but in your entire surroundings?
A year and a half ago, I felt trapped. I reached out with questions about MBA programs, but my deeper concern was about how to succeed as a woman of color in a field where I felt overlooked. Since then, everything has transformed — largely thanks to your guidance.
Currently, I’m enrolled in a part-time MBA program at a top 10 school. I’ve transitioned from media to the renewable energy sector and have found a supportive professional community.
This journey has prompted me to reflect on mindset, growth, and reinvention. So now I’d like to ask you:
What limiting beliefs have you had to conquer? How do you navigate transformation as you change careers or industries? And how has reinvention manifested in your own experiences?
Lesley asks (22:10): How can you create wealth while also uplifting your community?
I’ve been looking into impact investing strategies that extend beyond individual profits and contribute to meaningful local change. This exploration has led me to consider community wealth building and rural wealth creation.
From my research, I understand that community bonds are often included in these initiatives. However, I’ve also heard you voice some concerns regarding this asset class. Do the risks you mentioned still apply when they are part of a larger community wealth strategy?
What is your view on community bonds within this impact-oriented context?
Anonymous asks (39:15): What if your exit strategy could also benefit the team that helped grow your business?
I co-own a small LLC with a partner who is older than I am and may retire in the next 15 to 20 years. By that time, I’ll probably have the option to stop working, and while I might wish to continue running the business, I also want to leave the possibility open to sell.
I’ve been hearing increasing discussions about Employee Stock Ownership Plans (ESOPs) as a means to retain valued employees and plan a future exit. But if our business remains small — no more than 10 employees — how viable is an ESOP?
What are its advantages and disadvantages, and how might it affect my future options? Are there any other strategies we should explore? If we decide to pursue an ESOP, what type of professionals should we collaborate with, and how can we evaluate them?
Resources Mentioned:
Aisha’s initial call in Episode 473
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How can you determine when it's time to make a change, not only in your career but also in your entire surroundings? In today's episode, former financial planner Joe Saul-Sehy and Paula Pant discuss this topic.