EP 173: Pivoting from Real Estate to Educate Children on Entrepreneurship with Pongee BarnesMay 21, 2021
Teaching financial literacy to children is important. On today’s episode, we talk with Pongee Barnes, investor and entrepreneur, about including your children in your business and the importance of teaching entrepreneurial skills at a young age.
Most people say that they want to give their kids a better life than they had growing up. But most just say it without putting action behind those words. Not this guest. We discuss with Pongee how she got started in real estate in college, the lessons she learned from that first unsuccessful deal, the importance of niching down and focusing on one area of business, and the power of partnerships. Pongee also shares with us her new entrepreneurial endeavor, publishing children’s books to educate them at young ages on entrepreneurship and ownership.
Pongee has been investing in real estate in the Chicago area for nearly two decades, and she's only 35. But her strategy for building wealth is straightforward and can be replicated by anyone that has patience. She has accumulated most of her rental properties without bank financing, which has enabled her to achieve financial freedom with only a few properties. Now she's focusing on scaling her monthly income and setting her kids up for a huge financial head start.
Pongee recently founded Little Owners, a company dedicated to educating kids on the various paths to career and entrepreneurial success. Her book series, co-written with her children, breaks down the ins and outs of various careers.
On today’s episode, we discuss a ton with Pongee including:
- The power of staying focused
- The lessons Pongee learned from her first failed flip
- How to make sure someone will be a good partner
- Ways to maintain a business to start building another one
- Why it’s important to include children in your business and let them know that ownership is an option
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