The Power of Legacy: Princess Mapp on Faith, Financial Empowerment & Building Generational Wealth
Download MP3Yeah. It's Sarah Harris. Turn the mic up. The power up. Welcome to the block.
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Speaker 2:Welcome to the block power hour with Sarah Harris. I am your host, and I'm so glad to have you back with us. This conversation, again, continues to spotlight conversations centering on economic empowerment, ownership, innovation, and building stronger communities through collective action. The Block Power Hour is presented by the Black Business Association's media division called Elevate Media Collective. Our guest here today, miss Princess MAP.
Speaker 2:This show is about the power of legacy. Princess MAP on faith, financial empowerment, and building economic wealth. Today's show could not be possible without the support from our leading sponsor for the Black Business Association, which is US Bank. We are so happy to have their support to support the BBA's effort here to bring you lively conversations that really have an impact on our economic mobility and collective action. You can learn more about the Block Power Hour to sponsor or to donate at bbala.org.
Speaker 2:Again, that's bbala.org and follow us on socials at block power hour. Again, for those of you know, this BLOC that's block power hour. So for today's conversation, we believe that it will resonate with you deeply because talking about something bigger than just business alone, we're talking about our purpose and we're talking about legacy. We're talking about breaking cycles and creating a future that our families and communities can build upon for generations to come. Our guest today, like I said, is Ms.
Speaker 2:Princess Mapp. She's a four time bestselling author, a financial educator, an entrepreneur and founder and CEO of Legacy Keep Her Movement. Welcome Princess.
Speaker 1:So nice to be here. Thank you, Sarah.
Speaker 2:I am so glad that you were able to join us here in the Block Power Hour. I'm looking forward to this conversation. I believe that we can't talk enough about our legacies, our building, generational wealth because we tend to really kind of sleep past that a lot of times. And so I'm just so glad to have you here with you and your work that you do. But before we get into that, I really, I love learning more about our guests' background, kind of like what brought you to where you are today.
Speaker 2:So maybe just kind of give us a little light into who is Ms. Princess MAP and that's with two Ps.
Speaker 1:Yes, thank you so much. Again, it's an honor to be here. I live in LA, but I'm originally from the Bay Area. And honestly, my journey started because I had a lot of adversity in the beginning. You know, as a young mom, I was always in survival mode and just experiencing those seasons of instability and having to start over and financial hardship and just rebuilding.
Speaker 1:I've gone through a few divorces, you know, the ups, the downs. And so I really had a passion that I didn't want anyone else to go through what I was going through, especially moms, right? And with that, I would say Legacy Keeper was birthed the midst of the trials tribulations. And I wanted to be more than just business, but to create a movement to bring the awareness on protecting our families and, you know, building some type of a confidence when it comes to finances. We kind of like sweep it under the rug and we're intimidated at times.
Speaker 1:And it's the myth of, oh, it's only for the wealthy people. You don't have enough. You have a dollar, you can start, right? With that, the challenge is, you know, if we want to get down and dirty. Well, no,
Speaker 2:I mean, you don't have to air everything out.
Speaker 1:Yeah. Won't we won't say everything, but the reality check was, okay, this stops today.
Speaker 2:Right.
Speaker 1:And how can I help the next mom that could be going through the same challenge?
Speaker 2:Mhmm.
Speaker 1:And then it just a ripple effect through businesses as well as, you know, everyone, not just moms, but families.
Speaker 2:Was there any pivotal moment that kind of just like turned the light bulb on for you in terms of understanding that it's more than just getting a paycheck and spending up everything and just living in life and not really planning for the future. Was there any pivotal moment for you that kind of turned that on for you?
Speaker 1:Absolutely. It started back in 2009, 2008, 02/09 and when the market crashed And when, you know, you were hearing the stories of people committing suicide because they lost their whole retirement. It was a sad time for me personally, why it was so pivotal. I ended up, you know, becoming homeless and I had to rebuild from the bottom. How do you say it?
Speaker 1:I had to get out the mud and start again. That was my moment. That was my wake up call.
Speaker 2:Okay. So you said to yourself, there's gotta be a better way. I gotta plan a way forward and you have family at that time as well. So was there anybody mentoring you or helping you through the process or was it just kind of you digging in and learning your way through?
Speaker 1:At the time, I didn't have the mentorship that I was seeking. I mean, of course I was reading books, I had therapy going on, a lot of things that pointed me to do this research myself, know, Think and Grow Rich, right? And I'm a thinker. And at the same time, Yaslees Nichols, I believe, you know, I kind of resonated with her and her journey and it just had me say, okay, what is the better way? So in seeking that early on, I was a car dealer and the money is fast and all of that hustle and bustle, but that was not me internally.
Speaker 1:And of course I was making a lot of money, but didn't have the direction or the mentorship on what to do with it. So yes.
Speaker 2:What that tells me is, is that the reason why we keep talking about this issue and bringing it up because evidently there's education out there. There's not enough that is permeating through to get through to people about the situation because too many people are leaving and not providing a proficient way for their family to be able to succeed you in whatever the wealth you did accumulate and not to have to fight for it. Okay, so you're educating yourself and you're pulling yourself up by the bootstrap. What was your first part of your journey in leading you into Legacy Keeper?
Speaker 1:Well, I started years ago as an insurance agent getting my license, but it wasn't enough, you know, there was a little gatekeeping, you know, I couldn't get all the answers I wanted, but I was discovering, you know, doing my own homework that, wait, it's not just about dying. And I'm seeing people have, you know, fish fries and you know, chicken dinners and GoFundMe's. And I'm looking around like this is not right. Nobody's blowing the horn and saying, hey, wait, we could do a better way. It's not just about dying and the next person getting money.
Speaker 1:You're educated, then you're gonna learn and know, okay, I can do something better that will last longer than me, outlive me for my children. So yes, I started doing research, got my license and I'm still in the early years, I was challenged because like I said, I think it's a myth, you know, people get insured and it's about making money and you're not really educating or even making sure the next generation is equipped. So I started creating my own systems.
Speaker 2:Okay, so what it started with was a name. So how did you come up with Legacy Keep Her?
Speaker 1:Well, you know, it's funny, yes, you know, God gives us things, And I believe I woke up that morning and I had been talking to my brother and he's a creative and he was like going over some names with me and I was just like, I wanted to brand myself. I didn't wanna, oh, she's an insurance agent. I wanted to see what would separate me. So I was talking to him, but you know, God dropped it in my spirit and I was like, oh yeah. And when you got it, sometimes it gives you something, you better write it down because I did not write it down.
Speaker 1:And so when I'm talking to my brother who's in Germany, I'm telling him, Yeah, Legacy Keeper and this and that and that, goes, Well, you better see if it's taken, you better see. And I was like, and then I started searching like Legacy Keeper, not the her. And then changed, I'm like, wait It reminds a me a little
Speaker 2:bit of like Brother's Keeper. I don't know, I got that
Speaker 1:kind of part
Speaker 2:of it, but still it is about the business of legacy, right?
Speaker 1:Is. Keep her, keep him and keep them. You know, it's an overall thing, but we gotta, everybody's story is different. So I can't say, oh yeah, this fits right into that. You know, when I'm educating, I have to see what is the need of that person and how to fulfill it, if it's a mom, a dad, you know, or children.
Speaker 2:And it seems to me like it's very much family orientated too in terms of who you speak to in your audience, you really want to push it like through for the family.
Speaker 1:Yes, of course. You know, it starts there. You know, everyone has a breadwinner in their house and if your livelihood was taken, what would that look like? And I don't think people go to the depth of that realization until something happens tragic. You know, early on, I didn't know the things that were available and when my mother got hit by a car, when I was younger, I could have had some help.
Speaker 1:I didn't know. She was still alive, but I didn't know. When she used to yell at me and say, I gotta get that mail that says insurance and I need to pay that. I was like, girl, that is not real. I was just cut her off and just, you know, but it's the lack of understanding and no one coming around.
Speaker 2:A lot of times we're too late on that tip. So we have more to talk about. We're gonna be talking about breaking the cycle and building wealth and much, much more. This is the block power hour. I'm your host, Sarah Harris.
Speaker 2:Our guest today is miss Princess Mapp, and we're talking about the power of legacy. And so we will be right back to talk about more of that on the other side.
Speaker 1:This is the block power hour hour.
Speaker 2:Welcome This back to is the black Block Power Hour. I'm your host, Sarah Harris. Our guest today is miss Princess MAP, and we're talking about the power of legacy. We are grateful for all of the support that we do get. If you are resonating with what we are talking about here today and the past shows that we've had, we welcome your sponsorship or donations at bbala.org.
Speaker 2:Again, that's bbala.org. Check us out there, learn more about the Block Power Hour and donate today. So again, we're back here with Ms. Princess MAP and we've had a great time talking about her background, her journey, what led her to founding Legacy Keep Her. And we want to kind of dive in a little bit more.
Speaker 2:You talk about breaking cycles to build wealth. What does that mean personally to you?
Speaker 1:Well, breaking cycles means making intentional decisions, right, to change the future of your bloodline, your DNA, your kids. It means ending certain patterns of lack, poor financial education, fear even, you know, and survival mode, just the whole, you know, I gotta get by or just have enough to get by and just building wealth is just not about money, but helping people understand that there are options out there, ownership, being able to give families a peace of mind and opportunities for the kids, the kids' kids' kids.
Speaker 2:The kids' kids' kids, all right, down through the generations. A lot of times for me, the cycle is about mindset. It's like, what's going on in our head? What are we thinking about? Because a lot of times we know, we know we need to save, right?
Speaker 2:We know that home ownership is a path to wealth, right? We know certain basic things, but I think that what we don't know is really how to train our minds and to really get ourselves into thinking about the better ways of being able to make it to that part, right? So talk about the journey through just kind of training our minds to be disciplined in saving.
Speaker 1:Well, it is a process. I can recall helping a young lady and how she was actually planning with her children and there was a fear because of when she grew up. There was a fear that certain things triggered because they didn't have enough. So she actually was doing things in an overly matter for her child. But just realizing that you have that opportunity, that you have choices, that there is another way, even though you weren't born in a home that, you know, wealth, nothing was given to you on a silver platter, There are things out here that you can start doing individually, like your budget.
Speaker 2:First off,
Speaker 1:first How many times do you go to Starbucks a day or a week? You know, it really starts there. And a lot of times people don't realize they have these habits or they have these ways and you know, I'm a woman birth.
Speaker 2:You know, like they have these apps, started with Rocket or something like that. And then there's another, there's different ones that's coming through that will help you with knowing that you have subscriptions that you probably forgot Oh
Speaker 1:my goodness.
Speaker 2:Yeah, it just blows your mind. What?
Speaker 1:I'm gonna
Speaker 2:spend $1,200 a year
Speaker 1:on Absolutely. And Apple too. Apple has a way, they don't care how they gonna get your money, they're gonna get your money. Right, for sure. You might forgot, but For
Speaker 2:sure. So yeah, getting in tune in the budget, what are you spending your money on? Yes, that's definitely one of them. I also feel too is who are you around? Who's feeding your head with different things in that are keeping you spending money on stuff, you know, you shouldn't be spending.
Speaker 2:So it was like, who's influencing you? Who are you around? That's what I feel.
Speaker 1:Yes. You have to be your own person when it comes to your finances. Because a lot of times we're influenced and we can't do what the next person does, but it doesn't leave you out, you know, later that same person might need you to borrow a dollar,
Speaker 2:Right, you right.
Speaker 1:The tables can turn anytime.
Speaker 2:It can, it can. All right, and so also too, you have one of your past events you had as a influence about faith in this as well. What does that mean to you about having faith in leading you?
Speaker 1:My faith has pretty much kept me grounded. It's everything, right? There were moments where I had more vision. I always have great vision, a lot of things, but more than resources. And I'm always thinking of things to do, or how can I put this together?
Speaker 1:But I have to really be patient and be responsible. And yes, I like to walk on water, that's what my faith looks like. But at the same time, I won't say I need a safety net, but I have to, it has to make sense and faith without works is dead. So how am I gonna put that to work? I can believe and I can still have the goals, but if I don't have the plan, write the vision, make it plain, right?
Speaker 1:So that those who join me in this vision can run with me. So as an entrepreneur, it can get lonely, I've had a lot of adversity, but through it, God was my anchor and my relationship, you know, even though I stand on that word, I believe it's Romans eight twenty eight, all things work together for the good. So even in the midst of the fire and not understanding what was next, I really summed it up that this is going to work out eventually. So it taught me in that pressure cooker how to continue to build, to believe no matter what.
Speaker 2:Yeah, I believe that many of us that are led by our Creator and are having faith and can really resonate with what you just said, especially entrepreneurs because things are not as stable for us from time to time. So let's get into Legacy Keep Her. Tell us about what Legacy Keep Her is and does.
Speaker 1:Well, it's more on the educational side, you know, taking myself out of that box of, okay, I just need to sell a policy or, you know, help someone. I really want to make sure that I educate anyone, but of course I have my love for their moms and I give them the tools and help them realize there are options out here for them to continue their legacy, to pass the baton on for their children to keep going and keep their name. You know, we only know one name when it comes to legacy and it's the Rockefellers. Why can't it be the maps, right?
Speaker 2:Okay, well that's an interesting thing because how do women navigate through that? I mean, that's a whole nother thing, but because we often take on the names of our husbands, right? But name is a part of legacy as well, it definitely is.
Speaker 1:Yes, continuing, I think, you know, again, once you have that knowledge and starting with the children and creating the habits that, you know, break the bad habits, we're creating some way to move on purpose and not just in the moment and equipping them so that they can repeat and continue what you've instilled. And a husband can sit down and have the conversation and as a family, you know, it's not just, yes, my love is for the moms, but it's for the families, it's for the husband. You know, sometimes everyone thinks everything's okay until I sit in front of the mom talking about a million dollar baby plan that's gonna create the legacy and the husband overhears it and says, well wait. And then we're talking about retirement. At least from one to the other, but all of it's necessary.
Speaker 2:And so one of the things you do talk about the importance of starting at an early age, instilling these things in our children and in the youth, what would be the first kind of principle, I guess budgeting would come up again, but beyond that, what would be the first kind of thing that you would kind of teach to the youth today?
Speaker 1:Well, you know what, oddly enough, I believe in the gift that's inside the child first, because that can't be changed, it can't be broken. So helping them identify who they are with what they have, because we have a lot of entrepreneurs. I know my kids used to sell candy in the schools, right? But what are they doing with that money? Go and buy the shoes.
Speaker 1:They're gonna go buy the fancy shoes. But teaching them values and what it means if they saved, if they put away. And even as low as $50 a month, they can be millionaires one day.
Speaker 2:You know what to me, I think that number one, if you can really get across that, if you start young, start early, it doesn't take that much to build your way to that. It's us at the later age where we're waiting too long for that to save for retirement. But when you start young, it doesn't take much, especially if you get into the habit of it,
Speaker 1:right? Absolutely. That's where I find the misunderstanding because if I'm talking to someone and they say, oh, retirement, oh, I'm too young. That's all that triggers it, I'm so not ready to
Speaker 2:backwards, right?
Speaker 1:Yes. And I have to say, no, no, no. You're at that age that we need to have a conversation. And then teaching them how to get them out of the risk accounts that they could be sitting in, they don't know because they just signed a paper to but educating them and showing them, yes, there is a better way. And once they have that information, it's empowering to our neighborhoods because now maybe they want to purchase a home or, you know, invest, not just, you know, there's a $5.29 plan out there,
Speaker 2:but they're I was just afraid to ask you, are there specific types of plans or accounts or something that you would instruct them to get?
Speaker 1:Well, not particularly, but it's an insurance policy that has tax advantages and it is the IUL, which is an index policy. And what happens is when you're investing, you're either gonna have a fixed account, you're gonna have a variable, or you're gonna have an index. And the index actually mirrors the stock market. So you don't take the loss, you only take all of the gains. And we mirror it against something like the S and P 500, in which you get to select.
Speaker 1:With that, when you look up, because the kids have the time, that's why we call them Million Dollar Babies. Okay. Because they have the time.
Speaker 2:They have the time.
Speaker 1:They know mom and dad, just set them up. But then when if you compare it to a five twenty nine plan, that's only for education.
Speaker 2:Okay.
Speaker 1:So at that age, they can get a car, they can put money down on a house. They can do so much
Speaker 2:from that start from that start. Okay. We gotta continue on the other side again. So much more to talk about. This is the block power hour with our guest today, miss Princess Mapp, and we'll be right back.
Speaker 2:Welcome back again. This is the block power hour. I am your host, Sarah Harris, and it's so great to have you listening and joining in with us once more. Our guest today is miss Princess Mapp. She is the CEO and founder of Legacy Keep Her, And we're talking about the power of legacy here today.
Speaker 2:So it's been so great to learn about some of her journey and then also into some of the fine points of the importance of really thinking about our futures and what the legacy means. So wanted to get back into some of the things about what Legacy Keeper is and does. What is kind of the chief way that provide services for your clients?
Speaker 1:Well, Legacy Keeper is more, I would say of a financial education and wealth building, right? Designed to help the families and individuals with protection for one, but how money works. I want to make sure that people have like, I don't know, ABC of how does money actually work for them, as well as focusing on the financial literacy and retirement planning, of course, insurance and helping people just create that roadmap for their future and for their family.
Speaker 2:Are there any fine points that you want to tell people on how to do that?
Speaker 1:I think with the challenges that are happening right now with people losing their job in the blink of the eye, not being prepared, I would want to encourage people to start looking into their retirement, seeing what they have, seeing what it is. A lot of times, for instance, I help a lot of teachers and come to find out they really are only going to get around 60% of their income when they retire. So that's a big gap. If they have a mortgage, you can talk about the cost of inflation.
Speaker 2:Is that from a pension
Speaker 1:or just, okay.
Speaker 2:Because I've heard that only 15% employers are getting like pensions these days or something.
Speaker 1:It depends on the years. Some of them get more than the 60%, but it's just when we sit down, we can really figure out what their credit is, their time of service, how long they've been there and what they actually get based on what they've made, you know? And it's a shocker because they still gotta pay for their beneficiary. They still have other fees that's coming out of that, that they're not prepared for. And the worst thing is to come to your retirement, you know, come on in and let's sign these paperwork, this paperwork and you find out I'm getting how much?
Speaker 1:So now you have to go get a job at Walmart and swipe some receipts possibly because you need a job. You're supposed to be retired going into the sunset, right?
Speaker 2:So for those who feel like they've kind of like waited too late for retirement, what are some of the ways that you get them back on track?
Speaker 1:First, do a F and A, financial needs analysis to see where they are, a wealth checkup and figure out a game plan. Maybe there's money, you know, that's being contributed in another area, you know, the entertainment or things that they hadn't thought about that can just be redirected. And with that, we create a plan that can stabilize them in a better situation. I also do IRAs, I do the Roth, I do index annuities. So I'm able to, you know, even if a person doesn't qualify for an IUL or insurance policy, we can actually set something up.
Speaker 1:They might just have the money. It's like, hey, let this grow for me. I'm not gonna retire for another ten, fifteen years. What can my money do? So now I put it into a growth type of account annuity, and then we can revisit it when it's time and then move it into an guaranteed income for life, you know?
Speaker 1:So it's just different strategies. But right now I would say sitting down, having a conversation with me, just exploring where they're at. And if they're fine, you know, we always say we're not here to hurt you, but to help you. But definitely one of the things that sits heavy is the children. And if they put something into effect for the children, think about when it's time to retire or you don't have enough and your kids have to take care of you, maybe when you're older, will they be in the position to take care of you?
Speaker 1:So if you did help your child or become partners along the way, because you have this policy, the money's growing, you got five kids, that's $5,000,000 you might have that you could count, it's all about a strategy and how to prepare for it.
Speaker 2:I checked out one of your past events just recently, the title of it was Stop Dying With It. And then it said Inside You. And I took that two ways. I was like, okay, dying with it means, you know, your assets, your possessions, you know, basically if you're not set up in the right way, it's going with you or it won't get passed down appropriately, right? But then you had inside you and I was like, okay, wait a minute.
Speaker 2:So what is inside you part? So it was twofold. It was twofold for me on that one.
Speaker 1:Well, actually that event, it moves into the legacy part of my books. So that's a program that I was sharing that will help people create books, whatever it is that's inside of them before they go to the grave. But like I said, it starts with the gifts and then, you know, you're gonna monetize from it, you know? And that's why I do have a coaching program where I can help a person identify and move them along the way. And at the end of it, you have to build a plan, you know?
Speaker 1:So you start making money and now you're this great content creator and you've got all this stuff coming in, but you don't have a plan. So you're gonna end up not being prepared properly. But yes, that event was legacy on that side.
Speaker 2:Well, that's definitely a strategy, right? And especially talking about the ones who feel like they're a bit late in life with that. If you feel like you're really not bringing in the kind of income to be able to facilitate the kind of retirement that you would like to have, dig inside of what do you have inside you, right? That you can monetize and make that be a part of what really puts you over. So I just thought that was interesting and I think that was something great for you to pull out and Well,
Speaker 1:you. And you think about the people who are in shock right now that lost their job, they don't realize they have been sowing their gifts into someone else's gift and just taking a moment to hear and get direction, they'll be surprised what comes out of them That's been there just dormant, not even realizing they had the skills, they just need to know how, because their mentality is nine to five. So they don't understand, you know, no, you can take this and you can, it'll, you know, like I said, soul train scramble, You can put all those pieces together and God's going to honor that.
Speaker 3:You didn't just work somewhere just to work somewhere.
Speaker 2:There's definitely purpose in our gifts. There's definitely purpose there. Okay, so I want to take you back to something in terms of offerings or something that you would like to make families aware of and that's in terms of what we typically don't do is regarding gold, silver and other precious metals. What's crazy is, is that it's also driven by the times as well that I feel gold is now like over 4,500 an ounce. And a year ago, this time it was more like 3,300 or something like that.
Speaker 2:So it's up 36%, but silver, silver is like on gangbusters, it's up 132% now just over $77 So talk about what you just recently have been talking about in terms of the opportunity that there is with gold, silver and precious metals.
Speaker 1:Yes. Well, it's been around for years, we know that, and it's, I think when it comes to investing in something that you can count on, you know, the market goes up and down, those ways aren't as secure, but when you invest in precious metals, you have that security as you can think about leaving a legacy for your children, passing that gold bars on, right? And it comes with what we do, we actually, there's different ways. Some people are interested in taking the retirement portion of it and purchasing gold. Some people aren't aware that they think $4,000 is a lot, but you don't know you have it sitting in this other vehicle that can now purchase that over here, you know?
Speaker 1:So Goldaira and like I said, the gold bars and they actually can pick it up and take it to wherever they're going to take it to. And even if they're international, if they wanted to purchase gold, I thought this was amazing. So I have some friends in Nigeria or, you know, I don't have any in China yet, but I'm like, wait a minute.
Speaker 2:Well, I mean, are you actually getting like gold bars? The Yes,
Speaker 1:haven't touched them. Haven't been in the phone, but absolutely. Some people really basically are like, where can I get my Gold Bars? So Can I go pick them we do have several locations here in the state? Internationally, we would not ship it.
Speaker 1:They would have to, just because we wouldn't know the cost, things like that. But yes, it can be arranged for them to get the gold bars or the actual, which is tangible or actual Gold IRA. Purchasing I
Speaker 2:assume that they will put it in their security
Speaker 1:It's an approved, it has to be a certified depository that's approved at IRATs. So there's stipulations, they can't just hop on a bus with a gold bar in their pocket.
Speaker 2:Right, but it's an alternative to think about of ways that you can, because you know, diversify, diversify, right? Right? And so it includes those kinds of opportunities. I have
Speaker 1:a client that literally, she doesn't have kids, but she has nieces and nephews. And she said she's going to purchase to pass out. She wants to make sure they all have gold bars at I was like, okay, we're walking the chocolate factory.
Speaker 2:It reminds me of my grandmother. She used to give us for our birthdays, two bills or, you know, the big silver dollars, she would give us those. So it just reminds me of that. Okay. So we have so much more to talk about.
Speaker 2:We're gonna come back in just a moment, but that was quite interesting to me about how you actually get these gold bars. But this is the Block power hour. I'm your host, Sarah Harris. Our guest today is miss Princess Mapp, and we're talking about the power of legacy. We'll be right back.
Speaker 2:This is the block power hour. Welcome back. I'm your host, Harris, and we are so thankful, so grateful to have you tuning in to our show every week. I know that you have been just loving the conversations and we appreciate you for that. Again, we continue to invite you to donate or sponsor for the show and to support, you can go to bbala.org.
Speaker 2:Again, that's bbala.org, but also give us a follow, follow and share what we're doing because after the shows, you can also find our past shows on podcasts. So you can find information at block power hour on our socials. Again, block power hour and follow me, saraharrisceo, that is saraharrisceo on our socials. Thank you so much. All right, our guest today again is Ms.
Speaker 2:Princess Mapp. She is the CEO and founder of Legacy Keeper and we are delighted to have you here today talking about the power of legacy. Welcome back. Thank you. So we were talking about some of the services and benefits of being with the Legacy Keeper.
Speaker 2:And I just wanted to, if there was anything else in particular, because when before the break, we were talking about investing in gold, silver and precious metals. Also too, you mentioned about insurance. Is there anything else in particular that you would enlighten and inspire people to know about how to create their wealth?
Speaker 1:Absolutely. Well, do help entrepreneurs and small businesses, which I think is pretty interesting because no one is actually matching a retirement for them. They really have to their own legacy, they have to create their own retirement. And so, it is a mandate. I don't know if everyone is aware, but it's a mandate in California that business owners have to offer retirement, right?
Speaker 1:And pretty soon, we don't want them knocking on your door because there is a penalty, there's a fine if you don't have a retirement in place. And even if you have it and your employees don't want it, they have to sign off on that. So I help a business owner identify if they want to offer retirement and how.
Speaker 2:Is there a certain amount of employees that you have to have for that to kick in or is it just Yes. Start with the first
Speaker 1:So there's an advantage when it's less than four employees and themselves, I believe there is a 25 tax advantage of their income. If it's five or more, that's the mandate. And if it's five or more, then it's two to 3% of matching. The benefit is that they can get a thousand dollars tax credit per employee. Even if they did the one, two, three, four, five, there is a tax incentive of a thousand dollar tax credit.
Speaker 1:But when it comes to how to set it up, you know, that's the strategy and how to sit down and really determine what you need. Might just be a mom and pop, husband, wife, there are tax advantages, but it wouldn't be just a 2%, you know, maybe the 25%. So we have to figure out a way how they will be able to strategize and take advantage of that. And I think that's really important to know.
Speaker 2:No, that's definitely for entrepreneurs, especially because the way for us to scale is to be able to hire and have employees. So we definitely have to know that.
Speaker 1:You know, being in California, since it's a mandate, they have to have it signed off. And we also have some health benefits for the small business. So really just sitting down with a business owner, we can see where they're at, if they need partnership agreements, if they need key person insurance, there's a lot of things we don't think about, right? If your partner, you're in partnership with someone and something happens to him, what's going to happen to the business, you know? So they want to be secure in all avenues, all areas.
Speaker 1:Right.
Speaker 2:Okay, wonderful. All right, so we've talked about some of the features and services that you offer through Legacy Keeper, but also yourself as an entrepreneur and a business person, you have done quite a many of things. And so you're an author. Tell us about your, how many books do you have?
Speaker 1:Is that
Speaker 2:your four time bestselling author?
Speaker 1:So there's one I pride, so I'll say the best for last because that was my baby. But I'm in different anthologies that are all bestsellers, but the latest one is Start Over, and that was headed by a gentleman named Marco Robinson, who's in London and he's touring everywhere. I've had the pleasure to be on stage with him in Miami. And it's pretty phenomenal because he's taking these hero stories, you know, the unsung hero, just regular person. When you hear their stories, it not just motivates you or inspires you, but it makes you wanna tell your story, you know?
Speaker 1:So it's a collection of stories and we're opening business chapters in different cities. I believe Laguna Hills is the latest one out here, but the opportunity is big and it's ongoing and we're always welcoming new authors. It's something that he's continuing So to that was, you know, that's the success with others. For myself, I wrote a book called The Adventures of Auntie Mama and Sweet Pea. And that is a book based on the fruits of the spirit.
Speaker 1:It follows a God mom type of auntie, right? I used to say I was, I'm auntie mama to my nieces and nephew, but basically she travels with her puppy to anywhere. She lives in a tree house and her globe goes off when there's a problem in the world with a child and she gets in her little traveling bus. And if you know anything about the Bible, you know that you could bust through the gluttony and the, you know, all the negatives. She busts through that and lands wherever that child is.
Speaker 1:And this story, the first one published is on love. And she visits every child with a little scripture book, a flower pot and seeds of that fruit. This seeds of first story is about a young girl who's bullied and she overeats, she gets hospitalized. And so Auntie Mama, she ends up showing all of them what their future would look like. So the story objective is to make sure that children understand that they have the power to speak God's Word in their situation.
Speaker 1:They don't have to wait till they, you know, 40, Would 50, bumping their
Speaker 2:this be classified as a children's book or
Speaker 1:is this? It's a series, a So children's book I do it on every Fruits of the Spirit. I have five written, one published and-
Speaker 2:Wow. I really have time.
Speaker 1:Wait, this was, I wrote this twenty years ago. I wrote this, yeah. Twenty years ago. My daughter was a baby, just born. So all of it just download and I'm a visionary.
Speaker 2:So I see. I see.
Speaker 1:So now I'm just super excited about, you know, I am super excited about AI because now I can I can I'm actually flipping it to animation? I'm gonna make it animated.
Speaker 2:Look, leverage it for what And best works for so you have your other book and then there was one, your favorite, and I wanna make sure your favorite got in. You said you had a favorite one, your baby.
Speaker 1:Oh, well, was it. That That's the, yeah. I was mean, I have The Hill Woman.
Speaker 2:What's the name of that book again?
Speaker 1:The Adventures of Auntie Mama, Auntie Mama and Sweet Pea.
Speaker 2:Okay. Yes. Right. And so as a speaker as well and CEO, you were selected to be a part of next level CEO with Damon John. How's that?
Speaker 1:Well, it's coming. I did go to Miami and film, but it was, you know, just to be able to, it gave me a reminder that I'm doing something, you know, my story, the consistency that my purpose matters, you know, despite of what happened behind the scenes or what's going on with me. You build quietly. Right? So this helps me know, hey, you know, there's there's a voice for me.
Speaker 1:And it was a great experience. I got to go out there with Inside Success as the TV network, and it was more of a meeting of the minds. We did the show, we recorded, all of us have different interviews. I'm not sure when the date is coming out, it's more of an educational series, but we also got a chance to get awards that weekend and be in a room, you know, really soaking off each other's energy and seeing how others were So making
Speaker 2:how was it to meet him, Damon?
Speaker 1:I did not meet him.
Speaker 2:Oh, didn't? No.
Speaker 1:You know how Hollywood is, it's like, yeah, so it's more of, you know, they interviewed me and so I'm sure that you'll see him, you know, in part of the episodes, you know, but I didn't get a chance Did to meet
Speaker 2:feel the energy of the show and everything. Felt like a great experience for you?
Speaker 1:Absolutely. I made some really amazing connections. Matter of fact, I have a realtor I met out there. She's gonna be on one of the shows and now she's become a business partner. Yes, because you know, with real estate, the seasons go up and down.
Speaker 1:So I'm always looking for business partners throughout The United States. Those can join me on this mission.
Speaker 2:Wow, so you've had some amazing experiences, both within your business and as an entrepreneur. We are close to wrapping up this show. Can't believe it keeps going very, very quick, but I want people to make sure that they can be able to get in touch with you. So tell them different ways how they can get in touch with you.
Speaker 1:Well, you know, I'm hoping everyone, you've taken some information today and you've desired to get a wealth checkup, like a health checkup, you know, when things aren't so good, you go to your doctor and even if when they're good, you go and check up. So with a wealth checkup, it's complimentary. We see where you're at and where you're going and we create a plan, you know, that's not so scary, but at least you can know, okay, my kids are going to be fine. I'm gonna be fine. So yes, they can reach me, they can come into my website and there they can see everything that
Speaker 2:And I that is Legacy Keep Her?
Speaker 1:Yes, Legacy Keep Her, L E G A C Y K E E P, and then it's her.com. I even have a few webinars they can check out during the week, maybe they can just click a button and
Speaker 2:Excellent, all right. So once more again, that's Legacy Keep Her dot com. You can be able to find Ms. Princess MAP, and that is with two t's, M A A P. And we're so glad to have you on the show today.
Speaker 2:We were again talking about the power of legacy. This is the block power hour. I'm your host, Sarah Harris, and it's such a pleasure to bring you these conversations. Come back again. This is the block power hour, and we're out.
