The Most Dwanderful Real Estate Podcast Ever!

Building Resilient Wealth: A Conversation with Physician and Real Estate Investor Felecia Froe, MD

• Dwan Bent-Twyford and Felecia Froe, MD • Season 3 • Episode 334

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Ready for a deep and insightful conversation? Our exceptional guest, Felecia Froe, brings a wealth of knowledge from her dual role as a well-respected physician and a seasoned real estate investor. Felecia's journey, starting from a small Indiana town to now owning a successful company, Money with Mission, is nothing short of incredible. Her mission? To empower professional women to build resilient wealth.

Felecia openly shares her highs and lows, from the challenges she faced during the 2008-2009 crash to her daring move from Hawaii to pursue investing. But her journey doesn't stop there. In Tulsa, she's focusing on community development, providing access to healthy food and nutrition. She's using her investments to stimulate economic development, generate jobs, and offer affordable housing in smaller towns and rural areas; truly a testament to her dedication to uplift her community.

The latter part of the episode features nuggets of wisdom from Felecia, emphasizing the importance of time management, the power of perseverance, and the role of mentors in avoiding costly missteps. She also lets us in on her unique approach to freedom and sovereignty, especially now in her sixties. This conversation with Felecia Froe, MD, is not just about investment strategies; it's a glimpse into the minds of today's millionaires and a push to start your own journey towards resilient wealth. Tune in for this enriching exchange of stories, experiences, and lessons from a true game-changer in real estate investing.

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Make it a Dwanderful Day!

Dwan Bent-Twyford:

Hey, hey everyone, welcome to The Most Dwanderful Real Estate Podcast Ever. I'm your host, Dwan Bent- Twyford. I'm America's most sought after real estate investor, and do I have such a good show for you today? As you can see, my guest is a woman, and so she is today's badass boss babe. So we are going to find out about Felecia and what she does and how she can help you accomplish your goals and dreams too. So, as always, the motto at Dwanderful is People Before Profits. So if that's something that resonates with you, then you're at the right place, you're at the right time and we are your chicks for the day. So go to Dwanderful. D-W-A-N-D-E-R-F-U-L, dwanderful. com. Opt in there's Flip your Way to a Fortune. It's a free ebook. It's actually very good and very detailed. Talk to you about how to wholesale property and dip your toe into the real estate investing waters. So, Felecia, how are you today? You're my badass boss babe.

Felecia Froe, MD:

I love it. Thanks, Dwan and Dwanderful.

Dwan Bent-Twyford:

We like to start off having Drinks With Dwan. So I think we're both having water. Oh no, you're having. What are you having again?

Felecia Froe, MD:

It's a sparkling water, great for sparkling water.

Dwan Bent-Twyford:

So it looks a little bit fizzy, but you know it is water Cheers to you, everybody watching, get your drink out Cheers, and then y'all know we just take a deep breath, we get ourselves a little stretch, shake off whatever we got going on so you can buckle in and have some fun with us. Today. I am super excited to interview Felecia. This is my first time meeting her, so I'm so excited to see what you got going on there, girl. So basically, first of all, welcome to the show. I appreciate your time and being here and you know I realize time is our most valuable asset, so I appreciate anyone that comes and spends some time with us. So thank you for that first. Secondly, what I like to do is have you tell us who you are, what you do in like a couple sentences, just a short version and how we can reach you, and then I'm going to ask you a bunch of really fun questions and we're just going to have a talk like this two girls hanging out and getting to know each other.

Felecia Froe, MD:

Awesome. Thank you, two sentences, okay. Felecia Froe., I am a physician, a urologist, for a little bit under 30 years I think I haven't counted the time. I started my life in my career as I could set a physician, and over 20 years or so I've been doing real estate investing, which got me to my company. Money with mission you can reach me, just go your information. We have a free resource for you there. Build resilient wealth and you can book a call with me. I'm trying to think. I think you can email me from there too. Money with mission. com. Money with mission. com.

Dwan Bent-Twyford:

I like that Money with mission. com. Okay, so they can read you there. Are you on like Facebook, Instagram, all the stuff.

Felecia Froe, MD:

All those places as money with mission.

Dwan Bent-Twyford:

Money with mission. Okay, so all social media just check out my admission Go to moneywithmissioncom. And so you were a urologist, yes, and now you are a real estate investor.

Felecia Froe, MD:

Yes, I am still a urologist. My side hustle is urology. My main deal is money with mission and helping professional women, connecting them with projects that I vetted, sponsors that I vetted, helping them get multiple streams of income.

Dwan Bent-Twyford:

Nice, I love that. I love that. So do you mind if I ask how old you are?

Felecia Froe, MD:

Yeah, you can ask me.

Dwan Bent-Twyford:

How old are you? So, folks, it appears that both of us are having a little issue with our screens freezing. Yes, that's okay, just say it back one more time.

Felecia Froe, MD:

I am 62.

Dwan Bent-Twyford:

62. All right, you're right there with me, I'm 64. So sometimes the screens will freeze when we're talking, but I think when they record, I think they come out okay.

Felecia Froe, MD:

I'm going to time out and hook to my router and see if that does better.

Dwan Bent-Twyford:

Yep, don't do it. That's happened sometimes. I've had people's computers go dead. My computer's gone dead because I forgot to charge it. I've had thunderstorms and the power's gone out like all this stuff, and we just keep rolling with it because, as a real estate investor, folks, that's exactly what you have to do. You got to just kind of roll with the punches. Stuff's going to happen all the time, and if you can't think on your feet and you just can't keep rolling, you're going to struggle as an investor.

Dwan Bent-Twyford:

That I can attest to. So investing is a lot of thinking on your feet. It's a lot of planning, but it's also a lot of thinking on your feet. We got that router.

Felecia Froe, MD:

Improvisation is the name of the game.

Dwan Bent-Twyford:

It really is. I did it really is. People get so upset. I'm like, hey, listen, it's all good, we're investors, that's what we do. We roll with the punches. Something happens this is not the end of the world, ain't no big thing, and we just keep going, okay, so what I like to do is I like to find out, first of all, when you were like 13, 14, like the preteen, the teen, the early teen, where were you living? What were you doing?

Felecia Froe, MD:

At that age I lived in Terre Haute, indiana. We had just moved there. We moved there when I was in the third grade from Tuskegee, alabama, where I was born, and anybody not looking. I am a black person and in that time of our country we were not welcome in that neighborhood. So I had a lot of struggles with both races actually whites and blacks in Terre Haute Indiana. Whites didn't like me because I lived in their neighborhood. Blacks didn't like me because I didn't live in their neighborhood and it was an interesting time for me.

Dwan Bent-Twyford:

I bet it was. And so when you were that age, were you working? Were you the top of your class? Were you doing side jobs? What were you doing?

Felecia Froe, MD:

I was thinking about nothing but going to school, so it was all about, I guess, 13-year-olds. You got seventh grade or so. I was in sports, so we hadn't even thought about it.

Dwan Bent-Twyford:

Yeah, I haven't thought about any of that stuff yet.

Felecia Froe, MD:

Did you hear me no?

Dwan Bent-Twyford:

Yeah, some of it I usually, whenever our computer is freezing, it's mine because I'm in the mountains. Where are you?

Felecia Froe, MD:

right now. I am in Tulsa, Oklahoma.

Dwan Bent-Twyford:

Oklahoma. Okay, I don't know the thing is, when it pauses, I think it still records, okay. So I feel like we'll still be good.

Felecia Froe, MD:

If not, we'll come back and do it again.

Dwan Bent-Twyford:

That's right, girl, that's right. That's why I'm not going to level the internet, slow us girls Down. Nope, that is true, though. Back in, I mean, I was born in 59. And I lived in my family's in Tennessee and we lived in the country country. We had 10 acres and we had a horse and a pig and a cow and a chicken and all the stuff. So I was not really exposed to racism type stuff. So that lives in such a tiny, little tiny like a dot of a town, still to this day, just have one little traffic light Like that was a dot on a map.

Dwan Bent-Twyford:

But as I got older and got into my 20s, I was like wow, what is?

Felecia Froe, MD:

wrong with?

Dwan Bent-Twyford:

people.

Felecia Froe, MD:

Yeah, you know, yes, yes, my parents and their parents all were very, very educated through college, everything. So, as I said, we all they knew is go to college and that in the more education you had, the better off you would do. That was just the mantra at that time.

Dwan Bent-Twyford:

Yeah, yeah, and you became a doctor, no less, so that's awesome.

Felecia Froe, MD:

Yes.

Dwan Bent-Twyford:

Because I was. You know, I was the same age. I'm 64. So I was about the same age Now we lived in Ohio. I lived in Dayton, Ohio, and that's where all the General Motors car factories and like all the stuff was.

Dwan Bent-Twyford:

So no one ever told me get out of high school, go to college. It was like get out of high school, get married, have babies, work at the factory, retire when you're 60 and work for the man yeah, Like that's all I ever heard my whole life. And now, whenever I said go to school, get an education, do anything, it was like get married, have kids, work at a factory and when you're 60, you'll be done. And it was like. So I did actually work in a factory for like two weeks and I thought what the hell, why would someone want me to do this? This is the worst thing that ever happened to me. I was like praying for death every day. So it's like Kelly. So it is important that things that your parents teach you as you grow up that's kind of what you do, so education is great. So then you're like in your so I'm going to assume when you're in your 20s or so you're in school.

Felecia Froe, MD:

Yes, yes, I finished residency. I don't think late 20s, early 30s, I can't really. Hmm, yeah, it was, my first child was born when I was still a resident. I was 20, I was 30. So I got married at 29. She was born around 30. And so I was still a residency. So early 30s I finished and started my first practice.

Dwan Bent-Twyford:

Yeah, it's funny. I got married 29 and had my daughter at 30. Same thing, same thing. And I was not an investor. Yet I was going to be a state-owned mom and, like my world blew up on me that became an investor. So now you're being a doctor, clearly successful, doing well, breaking all the racial barriers out there, making stuff happen. Where, along the way, did you say, like you know what I want to get into real estate investing? Because that seems like I met a lot of doctors who do real estate investing now but they do just put up the money part of it, not like in it, but with money and with mission. I'm assuming that you're actually in it.

Felecia Froe, MD:

Yeah, yeah, that is true and I can't say that from medicine. I went. I was, I was five years in. I got this whisper that this isn't the last thing you're going to do. So I had just started my practice, I had five figure debt. I got this whisper that this isn't the last thing you're ever going to do. It was kind of like a for me. I'm in this thing, you've reached this goal. You're supposed to be happy, and I was in. This. Is this all there is? And then this whisper came yeah, this is not all there is, you got more to do. I didn't know what that meant. It was actually very, very scary realizing all the things I had just finished gone through to get to where I am and it took a while longer for me to. To get to real estate, my first foray was not even where I realized it was a real estate deals, when I bought a building with a bunch of other women physicians to practice in and I didn't even think of that as investing. It was just.

Dwan Bent-Twyford:

So you get by the commercial building and everyone had a practice in the building.

Felecia Froe, MD:

Mm-hmm, we built a building, so look at you. You started out commercial and didn't even know it, Didn't even know it exactly, and one of the women involved in that gave me rich dad, poor dad, which to me just talked about money on a regular basis, which was actually one of the first times with people, with anybody, that I really talked about money. You know that money just is like one of those subjects people do not talk about.

Dwan Bent-Twyford:

Oh yeah.

Felecia Froe, MD:

It was then the beginning of the end as far as me getting into real estate investing. I didn't know medicine was going to become a side hustle. At that point it was good to me. I thought I would probably end up actually buying single family houses, because that's all I could see at that point was being a landlord.

Dwan Bent-Twyford:

Right.

Felecia Froe, MD:

Friends helped me get into that and get started. We bought 18 houses in a short amount of time right before 2008, 2009. And then 2008, 2009 happened and all that we learned so much of what we didn't know in that time.

Dwan Bent-Twyford:

Oh, man, I know that was really hard. I mean, that was hard on me and I knew the crash was coming and luckily I'd already been investing well, not long, close to a decade and it's like man, when that happened it was so much worse than even I thought it would be and I was prepared. I had everything paid for. I refinanced a couple of things, I sold some things off of it again. I'm gonna be ready for this big crash and it was still like just monumental.

Felecia Froe, MD:

Good job. I was not. I had no idea it was. You know. You don't know what you don't know, you don't know, and got knocked down pretty hard financially, emotionally, the whole thing was just not good, and then decided it wasn't real estate that was the problem, it was my lack of knowledge and understanding that was the problem, and made a few sacrifices. I was living in Hawaii at the time, so I loved Hawaii, I loved the ocean and decided I had to leave to be able to get back into real estate.

Dwan Bent-Twyford:

Oh gosh, you had to pry my dead cold fingers out of Hawaii. That's my favorite place. Honestly, that's like my favorite place on Earth is I? Just I don't know. When you're in Hawaii, there's something in the air. You just feel like, yeah, this is it. I agree, I love it there.

Dwan Bent-Twyford:

I agree I love it there, but we do go. That's probably the number one place that we visit when we go out and, just, you know, like a vacation in the States as we go to Hawaii, I just I can never get tired of Hawaii, but I get it. You know, real thing, hawaii it's a little tougher, for sure, because you're limited by the islands and the people and you're unlimited.

Felecia Froe, MD:

Well, I wouldn't, I wasn't. Well, all the property we own are in the Midwest, we're in the Midwest and even when I was in Hawaii and thinking about getting back in, it wasn't that I was thinking about buying in Hawaii, it was just everything is so far away and realizing that I really needed to understand, might get a team together, understand a bunch of stuff that I didn't really get before. I couldn't, I didn't feel like I could do it from Hawaii.

Dwan Bent-Twyford:

Yeah, so came back to the mainland Colorado and we buy all of our rentals in Clinton, iowa. So all my buildings, all my stuff, everything's in Iowa, because Denver, I mean, shoot a house that's in like the dead of the hood $550,000.

Felecia Froe, MD:

Yeah.

Dwan Bent-Twyford:

That's why you're making money on that.

Felecia Froe, MD:

Yeah, yep. One of my mentors had said live where you wanna live, invest where the numbers make sense. Just don't even think if it makes no sense where you are. So I lived in California and I have all these friends that live in California and wanna invest in California and I was like you can invest for appreciation maybe, but that's a gamble. If you're investing for cash flow, that's not gonna happen in California.

Dwan Bent-Twyford:

No, no. I have so many people that are like, oh, I train people and I go, I wanna invest in California. I'm like, but if you want long term, find some place else. Like that's just not the place, Like find another city. So when you say you invest in the Midwest, where do you typically invest?

Felecia Froe, MD:

So my properties I have single family houses and a residential assisted living home in the Kansas City Missouri metropolitan area is where all the stuff is. Oh, that's fine Now, and I live in Tulsa and we opened the first grocery store.

Dwan Bent-Twyford:

So you're in Tulsa and tell me about your grocery store.

Felecia Froe, MD:

So the grocery store is, like I said, is our full service grocery store, the first full service grocery store in North Tulsa in over 10 years. We got that going after we came here actually to do an indoor controlled farm and then the city asked us if we could do a grocery store in addition. End up, we got the grocery store but not the indoor controlled farm. Anyway, I was brought into this group to raise the money, got the grocery store up and running. The reason they wanted a grocery store and needed a grocery store number one, they didn't have one number two. There had been a study that showed the people of North Tulsa live 11 years less than the people in the rest of Tulsa, which multifactorial, but when you can't have access or you don't have access to healthy food, it's a problem. So that's a very that makes me very proud that we got that store opened. There was a whole bunch of partnership stuff around that which ultimately ended up with me not owning it anymore, but I still helped to get it here.

Dwan Bent-Twyford:

So that's the whole thing for me. So you are doing single family rentals. You said you have a senior living.

Felecia Froe, MD:

We have a residential assisted living home, that we own the building and are renting the space to an operator and a grocery store.

Dwan Bent-Twyford:

You are like all over. You're awesome.

Felecia Froe, MD:

Yeah well, I don't know about awesome, but I like to do.

Dwan Bent-Twyford:

No, that's so amazing Now doing things for the community, because you know what these little towns like in the Midwest. Even like we buy in the Midwest too, the little towns really do, they don't get all the stuff. They don't get the stores and the shops and the food and they don't even get like the little farmers markets, and they are the people that live more rural. I really are just, I think, my family's in Tennessee and they live really rural and I remember my grandparents didn't even have indoor plumbing until I was 16 years old. I was like, who doesn't have indoor plumbing Cause I'm living in the city? And then I got my grandma I was like, oh my God, where is the toilet? Out in the backfield, why is that? But that little town's still small and it's still just very much like that. It's just like it's like a time still there.

Felecia Froe, MD:

Yeah, how big is Clinton?

Dwan Bent-Twyford:

Oh gosh, you know what I should know? I think Clinton's about 30,000 people-ish or something, I don't. I should know that, and I normally do know that, but I don't know why I've stopped my head. But Clinton is on the river. It's on the Mississippi river, like Iowa's here and Illinois's across the bridge.

Dwan Bent-Twyford:

So it's right there and my husband's from there, and we kept going back to all these high school reunions and I was like that downtown needs some law. That downtown's been the same for 15 straight years. And so finally we're like you know what? We're gonna buy a building, we're gonna try and like rejuvenate the downtown and when you're gonna view me I'll tell you all about it. It's turned into like this little mecca and I'm like we helped start that.

Dwan Bent-Twyford:

That is so awesome and bringing jobs, and there's been a couple of apartment buildings that were built and we turned some of our stuff into apartments and it's just I don't know. I just feel really lucky to have been able to help people have like some better housing and just some beautiful stores down there. I just think it's really good about yourself.

Felecia Froe, MD:

Yes, yes, 100 percent. That's one of my next projects we're looking at is low income and affordable housing developments. For me, it's about whatever the investment is. I want my investors to have a return and I want them to invest in something that's going to have an impact in that community. I just want to do them together. Yes, you can do them separately. Make your money, make your money, make your money and then give it away. I just think it's really possible to do them together and we can make that big of an impact right away.

Dwan Bent-Twyford:

It does. All my single family homes, all are section eight. I fence the yard and I give them a really nice fenced in yard. I say, hey, you guys can have a pet because I fenced in yard so your kids won't run out into the street. I do all these nice things like that. I'm like you know what I'm giving them because I was a single mom and I went through all the struggles by myself and I feel like most of the section of people not all, but most are women I always feel like, hey, listen, I was in your shoes, literally in your shoes, with the welfare card and the whole thing. I just feel really good about being able to provide a really nice place for somebody.

Felecia Froe, MD:

I 100% agree. I just got an inspection for one of my properties in Kansas City and there were so many things. I'm like, oh my gosh, how was this person living in this house? They didn't tell us fix this stuff. The roof was leaking somewhere, the carpet was wet somewhere, it's like I felt so bad. I feel like I'm like, no, this is 100% not acceptable. Let's get this fixed.

Dwan Bent-Twyford:

Well, the nice thing about section eight is they do make you keep your places nice and really safe for the children and all the stuff. The first thing was designed for the people that are on it is they can go to college and they have all their rent and their bills paid and then they get a degree and then when they get working, the government takes this bunch of their check and matches it. The idea is they go to school, they get a degree, the government matches this and when they have enough saved, they buy their own house, they get an FHA loan. A few of the girls that live in my house did the whole thing. I was like, oh, I'm so proud of you. I'm like, yeah, but we want to buy this house. I was like this house, this house, my rental.

Dwan Bent-Twyford:

And the first time it happened I was like, oh, jackie, no girl, and she's like put them in store, I love this house and I plant the flowers and do the stuff. And, da-da-da, I was like, oh, and it never occurred to me that I wanted to buy my house. So I said you know what you did, exactly what you're supposed to do. You've got a degree, you've got three amazing kids. This house. I know you love it, so I'm going to get it appraised and I'll sign it to a little bit below appraisal. And so I ended up losing a bunch of my rentals because they wanted to buy the house they were in. So I was like, ah, but it's okay because you know why I got that, because I helped someone through all that darkness and then they ended up owning a really nice house. My houses are all really nice.

Felecia Froe, MD:

Imagine what that feels like for her. Yeah, for that person it's like now I'm a homeowner, now I have. I accomplished this from wherever I was to get to here and you help some. She did it a lot. She did most. Of you know what I mean. We just give each other a hand. We just have to give each other a hand.

Dwan Bent-Twyford:

Yeah, I find myself always lean towards like wanting to help the women because I was, you know, married 29, baby at 30 and eight months later my husband took off. So I was. I was a broke single mom that had no job and had been told to work in a factory. So now I'm like it can do to help other women. Just please tell me how I can help you, how I can help you get on the other side of the fence with the money and stuff. So I love that you can do that, because you know it's like someone's got to have a heart for everybody.

Felecia Froe, MD:

Yeah, my, actually my company vision is every woman has a financial ability to leave any job or relationship is not in her best interest, and I really mean every woman. Yeah, I'll start working with the women with profession, the professional women who are handcuffed to their job because they have no other streams of income, and I have a foundation that once we get our company really really running going, we're going to be able to help women, lower income women get education, entrepreneur opportunities and really just help both ends of the spectrum. When women have freedom, I'm kind of scared of what the world's going to look like in a good way, I know it's funny.

Dwan Bent-Twyford:

I interviewed with someone this week and he's like you know, what do you think? Why do you think about more female entrepreneurs? And I said honestly, I still I mean, I don't know. This is like at my age group, I think. I said I think women are started off when you read Cinderella like brooping at Mary and Mary, the handsome prince, and then like stay in a relationship, it's good or bad. I get married and I just don't think in general. I mean, if you took all the entrepreneurs that own business in the United States, I bet you only 10% of them are women.

Felecia Froe, MD:

Yeah, I don't. I don't know the statistic.

Dwan Bent-Twyford:

There's a lot of women in the workforce but, like business owners, I don't meet that many business owners as many as I do men. Now, I meet a lot in real estate, you know, but it's like I don't know, and so this guy was asking me I'm like, you know, I really don't know. Truly, I think a lot of women are just encouraged, like hey, to go to college, you know, become a nurse or a school teacher, and not like hey, go out there and and start a business and conquer the world.

Dwan Bent-Twyford:

I don't think that women are, I don't know. I mean, in my spectrum of my family, that was never even a conversation.

Felecia Froe, MD:

Yeah, I, I agree with you. It's not a conversation. And then there's been studies that show that we have less confidence when it comes to number one finances, but also we're more risk averse. In other words, you know, when we start thinking about you start thinking about starting your own business, and then there's some scariness involved with that, and then we have all the whatever we were taught and told as kids. That comes up. And then you have I heard you talking to another one of your guests on another show about how you know you start telling your family what you're going to do, and your family didn't get scared for you, even though last time it comes out, it comes out like why would you do that? Do you have this great job? You're going to do it. All those, all that stuff that starts happening and then you're like, okay, well, that's just a lot to overcome. It is.

Felecia Froe, MD:

It's almost to where we are. I know I talked to so many women physicians, though, that are not happy with what they're doing. They're just not happy. There's we. You can read the statistics about burnout. You can read the statistics about how many people are leaving medicine. Medicine has a problem, and it's not just insurance. We're going to lose a lot of doctors because we just they can't tolerate it, or the doctors that we have are being one of those is going to be having other streams of income so that you can you can work. You have options of how do you work. It's not just from 7am to 7pm or whatever your hours are. You can say, today I'm not going to go, or I'm taking the six months off because I need to just get myself together, whatever.

Dwan Bent-Twyford:

Yeah, I feel like I mean, I know nothing about the medical field but, having, just like my sister had breast cancer and I took care of her and sadly she passed. Now my husband had this crazy blood disease and all last year we lived in like this little isolated bubble because he had a complete bone marrow. Since I transferred.

Felecia Froe, MD:

You're really, you're really frozen. You're really.

Dwan Bent-Twyford:

Am I frozen now? We are bulges having trouble with the internet today. Am I froze? I see myself. I see you and me both moving. Yeah, yeah, yeah, yeah, let's see, I'm on my right internet. Yeah, yeah, I see you moving. So are we frozen or are we just going to? Are you there? Yeah, I'm here, yeah.

Felecia Froe, MD:

No, you were frozen for a while and it was check. It was really garbly for a while.

Dwan Bent-Twyford:

Well, we're going to have to hope that it turns out and it's awesome, and if it's not awesome, we'll do it again.

Felecia Froe, MD:

We'll do it again. We'll do it again.

Dwan Bent-Twyford:

So I can definitely see the burnout being in the medical field. It's really high stress, man. What you all do is really high stress there.

Felecia Froe, MD:

And I think, yes, yes, yes it is and then trying to do all, then doing all the other things we do as women being a mom, being a wife, being a partner, all those things it just takes a lot, it's a total it takes a lot, I tell you, I always tell people.

Dwan Bent-Twyford:

I mean, people just don't realize how much work it is to be a woman, because we do do all those things but then somewhere it's still like but we're still supposed to come home and do all those other stuff. So when I first started making money, the first person I hired was a health keeper.

Dwan Bent-Twyford:

Yep Pay my house, then my grocery shop, and did my laundry. I was like, oh my gosh, I am living high and mighty right now. I've got a health keeper. That was the first thing I hired and I thought this is it. I have reached the pinnacle. I have a person that cleans and cooks and puts food in the fridge and does my laundry and drops off my dry cleaning. I was like, oh, this is good as a gift, right here and now. I'm just like I need all those people for that for me to enjoy the things I want to do.

Felecia Froe, MD:

I agree 100%. Do you remember the commercial Tide commercial, I'm a woman. Which one? It was the one that come. Do you remember that commercial where the women's on it's just like, seems like? I just remember this woman with a frying pan in her hand and she's talking about I can bring home the bacon fried up in the pan and never let you forget you're a man.

Dwan Bent-Twyford:

Yeah, yeah, isn't that a song? I'm a woman, w-o-m-a-m. That's a song, right.

Felecia Froe, MD:

That is a song. That is a song.

Dwan Bent-Twyford:

Who sings that song?

Felecia Froe, MD:

I don't know. I don't know.

Dwan Bent-Twyford:

Well, now I'm going to have to look it up.

Felecia Froe, MD:

I know I'll be reading the song. I was thinking the same thing. I was thinking the same thing.

Dwan Bent-Twyford:

I told my girl I have two daughters and I said, listen, I'm going to say right now a man is not a plan. So I don't care what you do in your life, I don't care if you go to school. Don't go to school, become an investor. Whatever you do, a man is not a plan. So when I get married and expect the manager to take care of you because that's just not how things work anymore- yeah, I agree.

Dwan Bent-Twyford:

So, whatever you want, but you're going to be independent, you're going to be able to earn your own bread and earn your own way, and then if you want to do all those things, that's great, but don't sink all the eggs into a basket. I agree.

Felecia Froe, MD:

And the same thing with investing. You don't put all your eggs in one basket, all these women with all their money in the stock market.

Dwan Bent-Twyford:

I know and I tell people that too. It's like have some rentals, have some commercial, maybe, have some storage, like whatever. Just have a few, because if you have everything in just one thing and like 2008, like a giant crash comes you can lose all your stuff in just one big crash.

Felecia Froe, MD:

Yeah.

Dwan Bent-Twyford:

Like being all in, like that. But I used to be. I was like that too. I had just rental, just wholesaling of rentals, forever. And then we start doing some commercial and as we start doing, I was like I don't know, I really like this. Now we're fixing this town. I was like, hey, this is really fun, like this is new and fun and challenging. And people will. And then people say, what if the town doesn't come back around? What if it just stays like it is? You're gonna spend all your time and effort? I was like no, no, because I'm putting my mind as touch on it. I'm not going to allow that to happen.

Felecia Froe, MD:

So I need my parents.

Dwan Bent-Twyford:

You know they're my parents. I'm so lucky my parents are still alive. Like you guys can't rehab a whole town and I was like, but why? They're doing it in Laurel.

Felecia Froe, MD:

Mississippi, that's right. And they're doing it in Laurel Mississippi. They're rejuvenating the town. You guys are going to be the next HGTV stars.

Dwan Bent-Twyford:

And now they are doing it. It's like hey, you know, I just feel like we can do whatever we want, we just have to. It's nice to have other women in business that we all talk to and communicate with, because they really do empower each other.

Felecia Froe, MD:

I agree, I agree 100%.

Dwan Bent-Twyford:

I remember the best thing for like a decade and I bought a beautiful house on the lake in Florida by the beach. My dad's like when are you going to go to real job? Like you see where I'm living, this is, I have a job.

Felecia Froe, MD:

Yeah, yeah.

Dwan Bent-Twyford:

I just got a lot of other things. I got a lot of you, but you know it's like come on, man, I have a job, I have a job. So now you are doing so many great things. You've got commercial buildings, you've got the senior living, you have a full service grocery store, you've got single family home. So what is what is where? Do you see yourself? Like, what is the vision at this point? So, keep doing what.

Felecia Froe, MD:

I'll still the social impact, investing in businesses and real estate. So I'm looking to partner with developers for the low income housing, affordable housing, combination units, looking, I've got so many. I'm meeting so many people in different countries, in countries in Africa, who are looking to increase their exports, increasing their, their actually sustainability to be able to do that, so they're actually sustainability to be able to just sustain themselves in their villages. So it's just like so many things are opening up. I have no idea what's going to happen and I'm very open to any of that stuff. You know, it's just like what's going to happen. I don't know. I don't know I'd keep people.

Dwan Bent-Twyford:

When you get rolling, god just opens a lot of doors, you know opens.

Felecia Froe, MD:

I agree, I agree. Just put yourself out there to do the thing. It's like. This is what I want. These are the, these are the people I'm one in my life and they start coming.

Dwan Bent-Twyford:

Yep, they do. Yeah. Some of them even said five years ago hey, you're going to be working on 20 buildings in town. I'd been like no. And now I'm like, oh my God, I go stop. It's so great. And so yeah, it is. It is funny. It is funny how things like even if someone would have told me decades ago to be a public speaker, I say, oh, I'm way too shy, there's no chance that's ever going to happen. I was really like that painfully. I was like I'm going to be, like I'm going to be like that painfully shy. If you talk to me in high school, my face is just starting to blot red, you know. And then I get on and talk in front of anybody. And if someone would have even told me, even a couple of 20 years ago, I'd be like, no, definitely not going to be happening for me.

Dwan Bent-Twyford:

I'm going to just and that's it, and now I'm just like all over the place. So it is funny how God just gives you grace for more things and opens more doors and you just keep stepping through those doors.

Felecia Froe, MD:

Just keep stepping through. Yep, just keep stepping through.

Dwan Bent-Twyford:

It's like, oh well, there's another one, there's another one.

Felecia Froe, MD:

So as long as you just keep stepping through and recognizing when things are opportunities, Yep, don't let the fear stop you, because you're going to be scared right before you go through every single door. At least I have been so.

Felecia Froe, MD:

I don't know what's over there, but okay, it's open. I'm going through. I got my first international speaking. I just came back from Cancun where I gave a talk on actually resources and resourcefulness, which was super fun A week in Cancun with an organization and getting to give a talk. My daughter came with. So much fun, oh my gosh.

Dwan Bent-Twyford:

So you are now the international.

Felecia Froe, MD:

Call myself an international speaker.

Dwan Bent-Twyford:

National investor. That's right. I don't know, but did you ever think 20 years ago that you'd be saying that?

Felecia Froe, MD:

No, heck, no, Heck, no, no.

Dwan Bent-Twyford:

I know that's awesome, yeah, that is awesome. That makes you officially international, so that's even better. So if someone was in any shoe, like any let's just talk about women for a minute If there was a woman out there, say 30, like you know, you've got married and had a baby. We were the same exact age when we had our kids. So you run across a 30 year old person she's like hey, I would, I would like to maybe try to start a business or something. What kind of advice would you say, Like these are some things you could do to prepare yourself. Or how would you help them or advise them to maybe open a door or figure out how to open a door?

Felecia Froe, MD:

So, number one, I give my phone number, number two, so you can all be open to. I'm open to mentor, talk to anyone in those shoes. The biggest thing is persistence. You're going, it's going to be difficult and it's going to be. It's going to be fun and it's going to be challenging, but the biggest thing is to be persistent. Keep going. Just what we talked about Every time a door opens, walk through that door. You might turn around and say, oh, this is not the right room, but now you got to keep going because you're in that room and there's. You are there for some reason to learn something, whether you learn it In a pleasurable way or you learn it in a painful way. We learned something every step.

Dwan Bent-Twyford:

I tell everyone you learn from mistakes or mentors. Mentors are cheaper. Unfortunately, I learned all my stuff by making a lot of stupid bonehead mistakes, so I just laugh. Sometimes it's like I don't even know how I'm here right now. All the stuff I've done.

Felecia Froe, MD:

All the you and me both you know, and how much money have you lost and how much? How many times have you been like, oh my gosh, how could I have been that dumb? And you just say like, okay, what did I learn? Let me get back up. What did I learn? Let's go. Hopefully I won't be that dumb again and make that kind of mistake. And then I make that mistake again.

Dwan Bent-Twyford:

I was like.

Felecia Froe, MD:

How many times do I have to do this?

Dwan Bent-Twyford:

Oh yeah, the best thing they've learned Some of them. I got one mistake. I was like, okay, I'm not doing that again, but most of them took you know couple, you know trips around the mountain to figure it out. So I did not learn everything once and most of them were two and three and I was like, oh, you know what I really need to stop doing that you just have to me to do this and I'm not doing that anymore.

Dwan Bent-Twyford:

I think that's what makes people like us. That makes us good coaches and mentors and helping people, because if I would have had someone like me or like you 30 years ago, I would have had success much sooner. I would not have made dumb mistakes, Like I've had houses that were bulldozed because they had demolition orders and I bought it and I don't have time to run time to sort of buy it. Like you know, there's things I did back then I would never do today.

Felecia Froe, MD:

Yeah, yep, and that's again what you said pay a pay for somebody who's already made those mistakes, because paying that person learning from mistakes is way for them making that mistake yourself, and you don't have to. There's no reason for you to do that.

Dwan Bent-Twyford:

But you know, some of my people are like, oh my gosh, I can't afford. I can't afford to pay for mentoring. It costs too much money. I'm going to figure it out. But if they would really just document everything they had to figure out and how long and what it took, it would have been so much cheaper to pay for someone back there.

Felecia Froe, MD:

Yep, Because people, people don't don't put the number on their time. So how many hours did it take you to do that? And I think people just forget about how long it takes. And time is 100% money and you do not get your time back. Once you put it out there, it is gone.

Dwan Bent-Twyford:

That is a really, really, really good point. I have my ex. He lives in California. Someone called a writer, so he'll be like, oh, I'm gonna drive because I checked to see my daughter, I'm gonna check airline tickets and it's like $100 cheaper if I drive. I might do, but it's like an 18 hour drive both ways, staying in a hotel, buying food along the way, take the hour and a half flight and just be here already. But so many people they don't value and it's like your time is the only thing that you can't buy more of.

Felecia Froe, MD:

Yep.

Dwan Bent-Twyford:

That's it. When you're out, you are done. And I tell people all the time, especially young people. So I'm like listen, I know you're 20, and when you're in your 20s, you're 10 foot tall and you're bulletproof and your time doesn't have the value. But I'm gonna tell you, when you hit 50 and then you hit 60, time has a whole new meaning.

Felecia Froe, MD:

It's like I think you had a guy on who was 35, who had the millionaire. By the time he was 20 something and he seemed to get the value of time, and so it was just like if we could just get those younger folks to understand time is real. It's a real limited quantity and commodity.

Dwan Bent-Twyford:

It is. Yeah, I didn't value it. I had my whole 20s.

Felecia Froe, MD:

I didn't even I didn't even I partied.

Dwan Bent-Twyford:

it was the 80s. I was out, I was like, ah, you know. And then in the 30s I'm having kids. And then, pretty soon, I'm like, oh man, I'm back, and you know, and I'm like, all right, well, I don't wanna do this or this or this, I don't have 10 hours. I can't ever get back. That's why I look at everything now. It's like, is that something I will be happy to do or is that time I'm doing to make somebody else happy? And I can't get that time back Because you know what my time is my most valuable asset.

Dwan Bent-Twyford:

I always tell that to young people, especially like when people get in their late 30s. I think maybe they start to appreciate time. I think once you have kids too, you realize like wow, they were just born and now they just graduated kindergarten. Like time goes fast. All of a sudden right.

Dwan Bent-Twyford:

Yes, yes, yes, but when you're young and single and happy, like, ah, all the time in the world it's like, but you don't, Nope, you think you do, sounds like you do, but one day you look back and go. What's how they just do with the last 30 years.

Felecia Froe, MD:

Yep.

Dwan Bent-Twyford:

Right, yep, yep. So someone meets you. You give them your phone number and, like what kind of words of advice would you give somebody, a young female, 30-ish, and she's like looking to step into some kind of a field? What type of advice would you might give her?

Felecia Froe, MD:

It depends on where she's going. So I will do. I think about the most are the women going into medicine, and when I talk to those people in medical school or thinking about going to medical school, I tell them don't think this is the last thing you're ever going to do. Don't think it's the last thing you're ever going to want to do, because people that go into professions, the women that go into medicine, women that even go to law school, think that's their end. And I'm going to be here and keep doing this and I just want everyone to be prepared that something else is going to come along and, even if it's just, your heart changes and what you want to do. So that is the way you want to get some financial backing, some financial wherewithal. That's where I talk about the multiple streams of income so that you can have the ability to pivot much easier and with a little bit less fear, at least financially.

Dwan Bent-Twyford:

Yeah, I really like that. I'm going to give that for advice to people too, and this is not the last thing you're ever going to do, because it's not. You think it is. You know, medical school. I mean all the money and the time and the expense, and then you're doing something else.

Dwan Bent-Twyford:

So, yeah, I like that because, you know, even as a real estate investor, I've been investing forever. But now I'm off doing other things that I never imagined I would be doing and it's like, okay, well, I'm 60. So I'm like I'm in a new chapter. Yeah, this is my 60. So in my 60s I'm like I'm wearing my hair, I'm doing what I want. All the things I didn't do because it's been, I got my nose pierced, got my belly button pierced. It's like you know all the things that, like you know, professional work I'm supposed to do was like you know what, screw that, I'm 60. I can just tell people I'm eccentric, that's it.

Felecia Froe, MD:

You're reaching what?

Dwan Bent-Twyford:

you can just claim old age.

Felecia Froe, MD:

No, no claiming old age, we're claiming our sovereignty. We can, I can do whatever I freaking want. You can, it's just we can do it.

Dwan Bent-Twyford:

I started off with my hair really bright pink and I remember my first few people were like oh my God. And I was like you're too old. I'm like listen, I am not, I am going to be free and fun and sexy and 60. And all the things I've been thinking I want to do. I'm doing them all. I got a tattoo, I got all the stuff.

Felecia Froe, MD:

So we're on the same page.

Dwan Bent-Twyford:

I don't care what anybody thinks, I got all the stuff.

Felecia Froe, MD:

We're doing it. We're the same tattoos. My locks are new from you know, I started in 18 with my locks. It's like we're just going.

Dwan Bent-Twyford:

Let's just do it. That's it. So my hair gets brighter and more purple all the time. I like it, I like it, it's like someone doesn't take me seriously the way I look. They're just not my people, that's all, we all have our tribe and they may not be mine. So so tell me. Let's jump to the topic. Tell me what is your favorite band of all time.

Felecia Froe, MD:

Oh, my favorite band. I don't know if I have a favorite band. I'm going to say my favorite artist is Tracy Chapman.

Dwan Bent-Twyford:

I just I love her too. I have her on one of my playlists. I just listened to her music just like two or three days ago. It's like I miss Tracy Chapman. I sat down and listened to her. I have her on one of my playlists. She's great.

Felecia Froe, MD:

Yeah, her voice is beautiful, I love it. The song anyone reason?

Dwan Bent-Twyford:

I was like I mean, that was my song for a decade.

Felecia Froe, MD:

My theme song is at this point in my life, go listen to it. I can listen to that song. Some days it makes me cry, some days it makes me really happy. It just has got all the emotions in it for me.

Dwan Bent-Twyford:

I will, I will, I was, I don't know. I've been real nostalgic lately. I have a playlist of songs from like when I was in maybe my 30s, and all these songs. They all relate to something that was happening. And she did the songs and I was like, oh, I love this song. What's your favorite food?

Felecia Froe, MD:

My favorite food is going to be an Asian food and I don't know. I'm just going to call them all. It's like from Chinese food, sushi, indian food. I like them all a lot.

Dwan Bent-Twyford:

Me too. Me too, I love Indian food. I never had Indian food in my entire life, ever to. I moved to Colorado, I got married 20 years ago and never had it. I don't know why, but in South Florida I never noticed and I ate that I was like, oh my God, this is like the best thing I ever ate. That's so amazing.

Felecia Froe, MD:

It is good, it's really good.

Dwan Bent-Twyford:

What is your favorite part of the day, like what is your favorite time of the day or your part. What's your favorite part of your whole day?

Felecia Froe, MD:

That's a great question. It's quiet and I like my quiet time. That first morning quiet time, I usually wake up I'm usually awake by five, do some meditation and it's just quiet.

Dwan Bent-Twyford:

A lot of people like the mornings, it seems like, okay, so I take notes on the things that you said. So this session is called Inside the Minds of Today's Millionaires, and I always like to interview people from all walks of life, all different types of businesses, and the hope is someone will hear you talk and go. Oh, she just said the thing that I've been needing to hear, and so I like to kind of do a summary back and see if we got like a little bit of who Felecia Froe MD is Got it Urologist, awesome and living in Tulsa, oklahoma, right now.

Dwan Bent-Twyford:

And you got into real estate. We raised up in Indiana. You did school, you did sports, dealt with all the racial stuff, and then, five years into your business, you heard a little whisperer. That's like, hey, there's more coming, this is not the last thing that you're gonna do. And then you ended up getting into real estate and you have commercial. You have single family homes. You did a grocery store, which is a full set, which is amazing. You have some buildings. You buy a building with a bunch of other doctors and like, right there, you're a real estate investor probably didn't even realize it at that very moment. You're all about social impact investing, which I really like. Social impact investing. When you meet people that are new, you're like, hey, here's my number. You maybe help mentor them and always tell people this is not the last thing that you're ever gonna do. And you're like did listen to Tracy Chapman, eat a little sushi, have a nice quiet morning and kind of get your day rocking. Is that a piece?

Felecia Froe, MD:

of what you are about. That's it. You got me, you got me. That is true.

Dwan Bent-Twyford:

And moneywithmissioncom. So is there any other way that you want people to be able to reach out to you? Frozen, I'm Miss Felecia, you are froze, my girl. So just everyone. Thank you for being on the podcast today. Check me out at Dwandervollcom and get your free e-book. I'm also on Facebook, youtube, tiktok, all the places, all that. Oh, you froze there for a second, so I was asking if there. So the way people reach you is money. Moneywithmissioncom. Yes, is there any other way that people can find you?

Felecia Froe, MD:

Yes, the probably the best is LinkedIn, and it's just Felecia Pro MD on LinkedIn. That's the social media platform I check the most, but I'm on all the other ones too.

Dwan Bent-Twyford:

All right, nice, okay. So you guys, I know that you love her. She also has a podcast too, and so one of the things I always ask is I just ask you all to do me a favor. If you had fun today, if you laughed, if you learned anything, if you just enjoyed being a part of the conversation, I want you to subscribe to my podcast. I also want you to subscribe to Felecia's podcast.

Dwan Bent-Twyford:

I want you to leave both of us a five star review and then share it with two people, and the more you share and like our podcast, the bigger they get and the more that we can teach you. Because, as I'm sure you will agree, podcasting is definitely a labor of love and it's very time consuming. But we all do it because we want to help other people, and I really want to help you not do the things we did and learn fast. We just really want you to learn faster. I think that learning faster is kind of the deal, so it's important that you like, follow, subscribe, share all the things like that. Okay, very last thing, I want you to leave us with a parting word of wisdom, but it can actually only just be one word.

Felecia Froe, MD:

I think it's going to be the word I've used before and that's persist.

Dwan Bent-Twyford:

Oh, I like it.

Felecia Froe, MD:

And what does persist mean to you Persist means to I keep going. I have obstacles come in my way and I figure out a way around over that obstacle to get to where I'm going.

Dwan Bent-Twyford:

I love it. I love it, folks. So the word of the week is persist, and I feel kind of the same way. You just have to keep going. You can't give up, you know, because nobody ever wins, it gives up.

Felecia Froe, MD:

Nope. And the other thing is when no matter how many times you get knocked down is how many times you get up.

Dwan Bent-Twyford:

Just get back up. All right guys, but thank you again. Thank you so much for spending time with me today. I just really loved your heart. I love getting to know you and I'm hoping somewhere down the way we can do some deals together or something. I agree.

Felecia Froe, MD:

I agree, I love your heart.

Dwan Bent-Twyford:

I love your heart. All right, guys, everyone, I will see you next week, same bat time, same bat channel. And remember that the truth is in the red letter. So ciao. Thank you, tracy. Oh, Felecia, I got Tracy Chapman name in my head now. All right, everybody, thank you, all right.