Nikki Cannon, building African American wealth in Los Angeles

People told Nikki Cannon’s mom, diagnosed with dyslexia, to be a typist. With bigger ambitions, she, notwithstanding, graduated with a bachelor degree, a master’s and a Phd. She became a university professor and a consultant for the U.S. Congress on social justice.

Triumphing over tough times was always part of Nikki’s life. Today she holds six professional licenses and an MBA and is building a team of financial professionals with World Financial Group. “I definitely did not grow up with a silver spoon in my mouth,” she told The Pace.

While she was in high school in Hawaii, her mother packed one suitcase and she and Nikki fled a physically abusive husband/step-dad. Mom and daughter landed in LAX, got a hostel room for two weeks and ate at soup kitchens until Mom got a job at Burger King.

Yup, a PhD flipping burgers. “She made it work,” Nikki says. “Honestly, I don’t feel like I came from poverty. I had a great childhood. There was never any obstacle that she was not going to overcome.” Eventually, mom landed a job with Children Protective Services and segued back to academia. For her part, Nikki was a stellar student at Los Angeles High School who, ironically, didn’t plan to go to college.

“Have you heard back from any of the colleges you applied to?” a college counselor called after her one day. No, she responded. She wanted to take time off to help out Mom. He looked at her grades and her SAT. It was too late for the UCs and Cal States, but she could still apply for private schools. At his insistence, she applied to four universities and was accepted into all four. Read the rest: Nikki Cannon financial advisor

Ed Mylett, $400M entrepreneur, Christian

Ed Mylett lost the game for his eighth-grade basketball team. But first he lost his shorts.

He lost his shorts when the whole team pulled down their sweats for warmups. He ran through the layup line and only after missing the hoop realized he was also missing his shorts. In fact, all he had on was a jock strap (he was going to a baseball camp in the evening).

The entire auditorium erupted. His coach and team formed a circle around him and escorted Ed out to find some shorts. The shy kid who only played basketball because his dad forced him was so shaken that when he was fouled in the last seconds of the championship game, he missed two free throws that would’ve given his team the victory.

It was the worst day of his life, but surprisingly, it became the best day of his life.

In the evening at baseball camp, Eddie was slugging balls into middle field when none other than Rod Carew spotted Ed and offered to mentor him. The encounter with Carew instilled confidence that allowed Ed to eventually play college baseball.

While a freak accident kept him from MLB, Ed, became successful as a life strategist consulted by athletes and celebrities. He’s also a social media influencer.

Ed’s journey to Christ and outsized success began in Diamond Bar, CA, where he grew up in a small home with an alcoholic father, who he worried might turn violent at any time. Ed’s childhood mishaps are now the subject matter of his motivation speeches.

In addition to the missing shorts story, Ed tells of “Ray Ray,” the “punk” neighbor kid who got the whole school to taunt him with “Eddie, spaghetti, your meatballs are ready.”

Ray Ray was a bully and his next-door neighbor, he recounted at a World Financial Group convention.

One day after getting licked like always by Ray Ray, seven-year-old Eddie went home to cry to Mom, who hugged him and consoled him.

But when gruff Dad heard the crying and clomped out, he ordered Eddie to go over and beat up Ray Ray immediately. Failure to do so would result in going to bed without dinner.

Scared, Eddie knocked on the door of the tattooed, shirtless dad of Ray Ray.

“Big Ray, my daddy says I have to come over here and kick Ray Ray’s butt or I can’t come home for dinner,” he said, terrified. Maybe he hoped Big Ray would exercise parental wisdom and pan the fight, but that’s not the kind of dad Big Ray was.

“I like that kind of party,” Ray Ray’s dad said. “Let’s get it.”

He immediately called his son: “Ray Ray, little Eddie here wants another piece.”

So with Eddie quaking, the boys squared up. He had never beaten Ray Ray.

Ray Ray lunged at him.

“By some force of sheer blessing of God, I got this little dude in a headlock and I’m, giving him noogies,” Ed remembers. “I didn’t really know how to hit him, but I was noogying the hell out of this kid’s head.”

Finally Big Ray pulled them apart. “He got you,” he told his son and ordered both to shake.

Eddie went home to eat. What else? Spaghetti.

It was a story of facing your fears and overcoming difficult challenges.

But there’s one more detail to the story. Eddie was 7 while Ray Ray was 4.

His mom, he related, had heard him tell the anecdote once omitting the age difference and insisted he should be more forthcoming.

“Why is that even relevant?” Read the Rest: Ed Mylett Christian

Jeff Levitan on teaching orphans in the developing world the principles of wealth

Jeff Levitan had made millions by age 30, so he did what was expected: he retired to his beautiful home and a life of luxury funded by investments that would continue to churn out income for the rest of his life.

Two months later, he came out of retirement, finding himself bored.

Jeff realized that he needed something better than money and its trappings. He needed to find a higher purpose to animate his life.

Today, he’s back at financial advising and making money. The difference now is that he launched the All For One Foundation, which establishes orphanages around the world.

These are not your typical orphanages. He refers to them as “prosperity centers.”

If that name gave you pause, it does for a lot of people. They’re teaching the lessons of capitalism to poor little kids in countries with weak economies. Are the principles of wealth creation and wealth management the exclusive domain of developed countries? Or do they apply to the rest of the world also?

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Jeff’s initiative is going to find out.

While the United Nations throws money at the world’s problems, the All For One Foundation is teaching some of the poorest orphans in the worlds how to break the cycle of poverty for future generations.

“All For One is doing more than just giving children of the world hope,” says a promotional video. “All For One is actively working towards building the systems needed not just to survive but to thrive. We’ve seen firsthand the lasting impact our projects have had around the world.”

For 20 years, these orphanages and schools in Sierra Leone, Nicaragua and 27 other nations, offer 25,000 kids (and sometimes their moms) shelter, food, health care, clothing and education — both regular academic classes and special financial courses.

Financial education – the stuff of Warren Buffett – in the developing world. Wrap your head around that.

Jeff Levitan is undaunted by the quixotic nature of his dream. Read the rest: Jeff Levitan’s ‘prosperity centers’ orphanages with All For One Foundation.