Your Wealth Action Plan: Build, Own, Multiply

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Hey there, and welcome to Faith in Finance, where

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your values and your financial vision come together.

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I'm your host, Geil Thompson, Registered Rep

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for Joseph Eden Capital, a sister firm of Joseph

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Wealth Management. Every week, I'll be walking

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with you through the tools, truths, and strategies

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that help you build wealth with purpose, clarity,

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and peace. Because your money isn't just about

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what you have. It's about what you're building.

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Let's get started. Faith in mind is hand in hand

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Rooted in values that firmly stand Building a

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future that shines so bright With hope and wisdom

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we take flight or catching the ones that speak

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to your season, you are taking steps towards

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financial clarity, purpose, and wealth building.

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Today, I'm sharing a framework that I walk every

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client through, no matter their income, background,

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or level of financial knowledge. It's simple,

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it's powerful, and it's effective. I call it

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the BOM, build, own, and multiply. Let's break

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this down. No matter where you are financially,

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whether it's paycheck to paycheck, mid -level

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investor, or early retirement, listen, you fall

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into one of these three stages. But first, I

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want to talk about build. See, this is the foundational

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stage. It's where you focus on increasing your

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income, whether that's building a savings, improving

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your money habits, growing your skills. For example,

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maybe you're freelancing to bring in some extra

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income. Maybe you have cakes. Cookies, ideas,

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maybe a business that you need to be starting.

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Or maybe budgeting to save your first $5 ,000

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for that emergency fund. Listen, you might be

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taking a course to improve your market value,

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but all of this that we're talking about is builder's

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energy. Number two, it's about ownership. Ownership

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is where the wealth strategy begins to take root.

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See, this could be buying your first home. investing

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in a rental property, launching a small business,

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or securing equity in a startup. It could even

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be intellectual property, writing a book, patenting

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an invention, or even licensing a product. For

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example, one of my clients sold some NVIDIA stock

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after the split of June of 2024. That 10 for

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1 split allowed her to use the profits to purchase

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a small condo. But here's what's amazing. Because

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she learned build, own, and then multiply, that

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same condo now pays her $800 a month in rental

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income. She's moved from just being a builder

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to now owning. The third step is multiplication.

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This is where the real growth happens. I want

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you to think automation, compounding interest,

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or even legacy planning. See, multiplication

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sometimes also looks like pouring back into others.

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It looks like you've got systems that grow your

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money without you even having to put much effort

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into it. See, you're creating something scalable.

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You're no longer trading time for money. Building

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and multiplying in this instance is more about

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your legacy. So let's ask you this. Where are

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you right now in these three stages? Are you

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in build mode? And if you are, I want you to

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focus on increasing your income, maybe creating

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a budget that works for you and starting out

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that emergency fund. I want you to download apps

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like YNAB or EveryDollar because, see, these

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apps will allow you to do better at budgeting

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yourself, but also managing where your cash flow

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is going. Are you in own phase? And if you're

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in an owner's phase, then it's time to acquire

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and strengthen your money with other assets.

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So what could that look like? It could be buying

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rental property or investing in REITs. REITs

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are real estate investment trusts. Or maybe it's

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setting up a SEP IRA, a simplified employment

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pension individual retirement account. Or are

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you in the last phase, which is multiplication?

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Multiply. If you're in the multiply phase, you're

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focused on automating your contributions, investing

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in long term assets like trust and mentoring

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the next generation of wealth builders. An ideal

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client in multiply can automate their giving.

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They're going to definitely max out their retirement

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accounts and begin coaching others. They no longer

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are worried about money day to day, but are multiplying

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their mission. So here's your assignment. decide

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where you are build own or multiply and choose

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one action to take this week just one because

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movement not your perfection is what creates

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momentum and as always if you're ready to go

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deeper or want some assistance with building

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your personal wealth action plan visit josephwealthmanagement

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.com and book your consultation listen you don't

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have to figure this out alone We wish above all

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things that you prosper, and we're here to walk

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you through each step of the way. Thank you for

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joining me today on Faith and Finance. My name

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is Jill Thompson, and I look forward to seeing

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you prosper. As you think about your own wealth

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action plan, build, own, multiply, I want to

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leave you with a faith principle that mirrors

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this exact journey. In the book of Nehemiah,

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we meet a man who wasn't a king, a priest, or

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a financial expert. He was a cupbearer, a trusted

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servant in the king's court. But when he heard

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that the walls of Jerusalem were in ruin, it

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broke his heart. He didn't just pray. He prepared.

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He fasted. He sought God's wisdom. And when the

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king asked what he needed, Nehemiah had a plan.

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He requested letters of safe passage, timber

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for construction, and the time he'd need to get

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the job done. Then he traveled. He inspected

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the wall in secret at night. He assessed the

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damage, counted the cost, and then rallied the

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people, not just with emotion, but with a clear

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blueprint. He delegated, he guarded, he built,

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all while facing opposition. Nehemiah didn't

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rebuild the wall in one day, but brick by brick,

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gate by gate, the vision came to life. Not because

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of luck, but because of leadership, planning,

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and faith fueled execution. That's how we approach

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wealth building. Faith isn't passive. It's disciplined

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movement in the right direction. It's not just

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praying for breakthrough. It's showing up with

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a budget. a strategy, and then you gotta have

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some resolve to see it all the way through. The

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Bible says, though it tarry, wait for that vision.

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So as you build your financial life, don't move

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in fear. Don't move in guesswork. Move with wisdom.

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Have a vision and have a strategy because God

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doesn't just bless the desire to build. He honors

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the plan. The Faith and Finance podcast is intended

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for educational, informational, and entertainment

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purposes only. The views and opinions expressed

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by the hosts and guests are their own and do

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not necessarily reflect those of Joseph Wealth

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Management, Joseph Eden Capital, or any affiliated

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entities. Nothing shared on this podcast should

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be construed as personalized, financial, legal,

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tax, or investment advice. All investing carries

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risk, including the potential loss of principal.

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Listeners are strongly encouraged to consult

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with a licensed financial advisor or fiduciary

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who understands their unique circumstances before

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making any financial decisions. Joseph Wealth

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Management and Joseph Eden Capital are registered

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entities and operate in accordance with applicable

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regulatory guidelines. Business is conducted

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only in jurisdictions where they are duly licensed

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or exempt from registration.