#TheTechHustle Podcast 🎙

Backstage with BobbyD featuring Cedric Nash

• BobbyD, D'Hustle and Raymond...don't call him RayRay

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Cedric Nash—tech entrepreneur, author, and self-proclaimed "Millionaire Mentor"—cuts through conventional financial wisdom with a message that might challenge everything you believe about debt and wealth building. Backstage at the Black Wealth Summit 2025, Nash reveals why being "spooked by debt" while not being "fired up enough about wealth" keeps many people financially stagnant.

The founder of Oakland Consulting, a $100 million enterprise application software company, shares his journey from a modest $36,400 starting salary to financial independence. Nash doesn't come from privilege—his father was the son of sharecroppers born during the Depression, and his mother had an eighth-grade education. This makes his wealth-building blueprint particularly relevant for those starting without advantages.

Nash's provocatively titled book "Why Should White Guys Have All the Wealth? How You Can Become a Millionaire Starting from the Bottom" encapsulates his philosophy that wealth creation shouldn't wait until you're debt-free. "Come up with a debt payment plan, keep it consistent, put it on autopilot. But then all that excess cash, you got to get really busy investing," he advises. This balanced approach—playing financial offense while maintaining defense—creates the compound growth momentum that eventually leads to exponential wealth accumulation.

The conversation shifts traditional thinking about personal finance. While many follow debt-elimination gurus like Dave Ramsey, Nash points out that such singular focus caused many to miss the stock market's 300% growth from 2009-2018. His alternative approach? Be "rich in assets and poor in bad liabilities" and understand that properly built wealth can eventually handle your debt payments while providing lifelong income. Ready to transform your financial future? Start by changing the conversation about money in your life—because as Nash wisely notes, "if you can change the conversation, you can change the destination."

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Speaker 1:

One of the things that people struggle with is this concept of not paying off all their debt. They're so spooked by debt but they're not fired up enough about wealth. Yeah, and that's the mindset shift that people have to understand, I'm saying, yeah, you got to pay your debt. Come up with a debt payment plan, keep it consistent, put it on autopilot. But then all that excess cash, you got to get really busy investing, because it takes time to compound it, to create the momentum that wealth gives you. Once you build up that momentum, your wealth grows exponentially. Roger that.

Speaker 2:

Welcome, welcome, welcome. Yeah, what up D Hustle, what's going on? What's going on? Player, you know beautiful Saturday welcome. Yeah, what up? D-hustle? What's going on? What's going on? Player, you know, beautiful Saturday.

Speaker 1:

Beautiful Saturday, guess where we at.

Speaker 2:

Where we in Miami, sunny, sunny Miami, I like it yeah yeah, I love it Florida. Memorial University. I'm in my bathing suit already.

Speaker 1:

Yeah, you know. Big shout-outs to the only HBCU here in South Florida. We are here at the Black Wealth Summit 2025 and we got a special guest today. Who we got, man? Who we got? Go ahead and introduce yourself, my guy. What's up y'all? I'm Cedric Nash, affectionately known as your millionaire mentor. Oh, my Millionaire, I like it.

Speaker 2:

I can't wait. I can't wait. So today we are definitely at an event here at Florida Memorial University celebrating black wealth development. From talking about how to develop wealth, long-term mortgage in terms of real estate, and I'm also talking they're talking about Bitcoin, crypto. We always talk about AI, so we're definitely trying to do that. Yes, sir, definitely Tell us a little bit about your background, where you started off and how you got involved here.

Speaker 1:

Sounds good. I actually own a tech company called Oakland Consulting. We do about $100 million in enterprise application software consulting. Shout out to that Up in the DC area. And you know I started a Blackwell Summit up in DC. Ted came up to it about two, three years ago. He said, man, I want to do this down in South Florida. I said, hey, let's do it. He says would you help me out? I said, of course.

Speaker 1:

So last year he pulled it off and I gave a little help, and then this year same thing. So we're just expanding the word, making sure we keep the conversation going in our community.

Speaker 2:

For sure.

Speaker 1:

Because if you can change the conversation, you can change the destination.

Speaker 2:

Facts Give them that gem Gem. The thing is, you all this is probably the first time you all ever tune in. If you ever hear that sound, that means you need to rewind. Listen up, because it's a gem that's being dropped.

Speaker 2:

So D-House is going to hold us down right In case you haven't heard it again we'll give it to you, definitely so you're saying that you partnered up with Ted to bring this Black Wealth Summit down here. This is the second year and let me tell you Thank you so much, because we don't get enough of this from our community, right? Yes, Especially talking about wealth, talking about the gap, but also how we can develop actionable things for sure yeah. So tell us a little bit about your company and all that.

Speaker 1:

Oh yeah, like I said, I have a company about 300 employees. I started it back in 1997. But through that company I did a lot of investing. I invested in real estate, private equity real estate. I obviously invested in the stock market. I actually wrote a couple of books. One book is titled why Should White Guys have All the Wealth?

Speaker 2:

Drop that again, drop that again. I got to hear this one.

Speaker 1:

What's the title? Why Should White Guys have All the Wealth?

Speaker 2:

How you Can Become a Billionaire Starting from the Bottom. That's what I'm talking about.

Speaker 1:

That book is unapologetically targeted to the unique experiences and challenges, and trauma within our community. Yeah, the unique experiences and challenges and trauma within our community. Yeah, and I wrote a second book I had so much to say because I've been wanting to write books for some time and it's titled the Millionaire Money Moves Supplemental Investment Guide, which is really four chapters. That talks about my investment strategies around stocks, entrepreneurship, real estate and private equity.

Speaker 2:

Yeah, yeah, yeah, so I'm definitely getting the book and y'all need to check it out. Check the links below. We, yeah, yeah, yeah, so I'm definitely getting the book and y'all need to check it out. Check the links below. We're going to make sure we got all the links out there so people can click it and they can buy it. Exactly but what would be one thing that they'll definitely take away from that last book that you wrote?

Speaker 1:

Oh, that last book. What happened was I had so much to say because I've been reading books about investing since college. Yeah, mentors, that poured into my mindset. So when I graduated from college with a degree in computer science I worked out, was thinking about how am I going to turn, you know, this $36,400 a year salary into mimicking what my millionaire mentors did, who were rich in assets and poor in liabilities? So I created a roadmap and a game plan after reading lots of books, and so my book really is that roadmap and it really teaches people how to build wealth, starting as little as a paycheck, and it's a slow process but it definitely gets you to Destination Millionaire and beyond.

Speaker 2:

Yeah, 100%, and I need a gym sound for this one. Can you remind me what you just said? You said something about assets and liability. Yeah, it landed with me. How did you describe them both?

Speaker 1:

Well, I said that they were rich in assets and they were poor in bad liabilities. Oh my gosh.

Speaker 2:

Now, if you are not listening to these concepts, you're going to learn the difference between liabilities and assets and let me tell you, most of us unfortunately fall in that category where we're liability up Right, but the mindset needs to shift to developing assets and making those assets get you those things that are considered liabilities so you can write them off and all kinds of stuff. But, man, that's definitely some great words of advice.

Speaker 1:

I love that, and that's one of the things that hold our community back. We feel like we've got to be debt free before we start investing.

Speaker 2:

Yeah.

Speaker 1:

Spending all our time listening to Dave Ramsey and Susie Orman. And so, while we're listening to Dave Ramsey and Susie Orman, the stock market's growing 300% from 2009 to 2022 or 2018. Yeah, so the whole point is you're paying debt. You should be basically paying offense, yeah, yeah, and building up your wealth. Correct, because if you do it right, your wealth can do the job of paying off your debt and provide you lifelong income.

Speaker 2:

That's what's up, so as a community.

Speaker 1:

That's one of the things we do wrong. We focus too much on defense and not enough on offense, and so all we do is end up basically paying back the colonizers and never basically freeing ourselves financially. So that's the one shift we have to make. And it's interesting because I talk and I have a mentorship group called the Black Wealth Growth Challenge where I teach people how to build wealth, and I've got to for a whole long year. We mentor. But one of the things that people struggle with is this concept of like not paying off all their debt. It's like they're so spooked by debt but they're not fired up enough about wealth. Yeah, and that's the mindset shift that people have to understand. I'm saying, yeah, you've got to pay your debt, Come up with a debt payment plan, keep it consistent, put it on autopilot. But then all that excess cash, you've got to get really busy investing, because it takes time to compound it, to create the momentum that wealth gives you. Once you build up that momentum, your wealth grows exponentially.

Speaker 2:

Roger that.

Speaker 1:

This is amazing, bro, it is. It is our first guest right?

Speaker 2:

well, I know that you are about to go on stage, um, and if y'all didn't know, this show is backstage with bobby d, so you know we backstage pulling all the guest speakers, um, and definitely give you all some insights. We will be here throughout the rest of the day, so if you have some more, gifs to drop.

Speaker 1:

Make sure you come back. Love to come talk. You know, today I'm fired up because I'm teaching a class on how to win investing in the stock market.

Speaker 2:

That's what's up.

Speaker 1:

Like I said, that's another thing that we shy away from, but I have a methodology and approach that is guaranteed to get you to win. That's what's up.

Speaker 2:

I got two questions for you before you leave here, Just for our audience here. Do you come from wealth?

Speaker 1:

I don't. My parents were. My dad was a son of a sharecropper. I was raised. My dad was born in 1932, right in the heart of the Depression and raised on a farm and he got drafted in the military, went to college, got his associate's degree, worked as a parole officer. He was a lower middle class guy. My mom had an eighth grade education, so yeah, All right.

Speaker 2:

Well, you're getting the cue right now. So thank you so much for pulling up, and we'll see you on stage.

Speaker 1:

my brother Take care.

Speaker 2:

Thank you.