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Money Rehab with Nicole Lapin

How to Build Wealth by Founding Companies and Angel Investing with Jaclyn Johnson

06 Dec 2024

Description

This week, Money Rehab is guest-hosted by investor and entrepreneur Tracy DiNunzio, who built and sold the luxury resale company Tradesy. Today, Tracy is talking to Jaclyn Johnson, who founded, sold and then bought back her company Create & Cultivate. Jacyln shares how she created wealth through building businesses and angel investing— and how you can too! Plus, Tracy and Jaclyn talk about managing the personal side of having an ambitious career and how they deal with money and beauty standards. Read about Jaclyn here, and learn more about Create & Cultivate here.

Audio
Transcription

Full Episode

0.169 - 16.317 Nicole Lappin

One of the things I really love about my work is the fact that I can do it from anywhere. And getting a change of scenery can really help inspire creativity in my work and has once or twice or maybe more cured my writer's block. Being away for work, for fun, or for both is a perfect opportunity to host your space on Airbnb.

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17.037 - 35.033 Nicole Lappin

That way, not only do you get to experience a new part of the world, but you're also making money while you're doing it. And if you think hosting is overwhelming, I have a solve for you. With Airbnb's co-host network, it is easier than ever before to host. Now you can hire a high-quality local co-host to take care of your home and your guests.

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35.433 - 56.549 Nicole Lappin

They can do everything from creating your listing to managing reservations to messaging guests and providing on-site support. They can even help with design and styling. Also, by hosting on Airbnb, you can become part of another family's story, maybe even their hero. As you know, I stayed in an Airbnb for months when my house burned down, and I truly do not know what I would have done otherwise.

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56.989 - 75.553 Nicole Lappin

So if you've got a secondary property or an extended trip coming up and you need a little help hosting while you're away, you could hire a co-host to do the work for you. Find a co-host at airbnb.com slash host. I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab.

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82.893 - 96.7 Tracy DiNunzio

We've all heard of Boomerang employees, but have you heard of Boomerang founders? Hi, it's Tracy DiNunzio. I'm an entrepreneur and investor, and I've been your Money Rehab guest host this week while Nicole is on maternity leave.

97.975 - 126.013 Tracy DiNunzio

If you've been tuning in, you heard my episode with Nicole, as well as a two-parter with Tim Ferriss, the Oprah of audio, RealReal founder Julie Wainwright, who was my direct competitor in my business, and now today you're going to hear from my good friend Jacqueline Johnson, the founder of Create & Cultivate, who started her company, grew it, sold it, and then bought it back later.

127.235 - 151.151 Tracy DiNunzio

We're going to hear from Jacqueline on why she became a Boomerang founder. and how she's created tons of wealth through both building businesses and angel investing, and how you can do the same. We also talk about managing the personal side of being an ambitious woman, how we deal with rising money and beauty standards that seem to get higher and higher all the time.

151.951 - 180.698 Tracy DiNunzio

And at the end, we play a really fun game of never have I ever. So without further ado, here's my conversation with Jacqueline Johnson. Jacqueline Johnson, welcome to Money Rehab. I'm so excited to be here. I'm so excited to have you here. I want to talk about everything with you. But let's start with the company that made you famous and financially free, Create and Cultivate.

181.138 - 188.401 Tracy DiNunzio

Will you tell our audience, for anyone who has been living under a rock and doesn't know what Create and Cultivate is, when you started it, what it does?

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