Jennifer Grimson On Building Wealth – and a Podcast
Jennifer Grimson was brand new to the podcast space when I met her two years ago at the last in-person Podcast Movement event. Fast forward and she became my spontaneous guest for Epi 34 of Insider Interviews discussing her approach to marketing the now successful Micro-Empires Podcast about her path to rebuilding wealth. And, since podcasting adds such a personal touch, she gives us insights about her very personal story from filing for Chapter 13 twice to being having million-dollar + in assets.
Grimson explains how she taught herself to rebuild her wealth AND how to build a podcast starting at any point in your life. “I’m living proof of that story…I lost everything. No home, no job, no car, no money, no place to live, and two children to raise. That happened to me twice…and the second time I was 41 years old.”
Her A-Ha Moment:
“I realized that if I wanted security and to build wealth, it wasn’t just going to be through one thing,” Grimson explained. “I was going to have to create little pockets, which I call ’empires’. And once I got started I was able to create $1.4 million in income producing assets in four years.”
Moving Past the Shame
“The podcast came about because people kept asking me about how I’d done that; of course I’d kept my story a secret because I was so ashamed of it, like a lot of people who share my story. I wanted to share what I had done, but more importantly, sharing those tools and real steps for anybody to take, whether it’s their mindset or literally taking steps to build wealth.”
Lessons Learned:
“I think the first lesson is you don’t abandon yourself, which is such a powerful thing. Think about it: I treat my friends and family better than I treat myself. I don’t say things to other people that I say inside my head. And I think that’s true all around. So finding a way, whether you believe it or not, whether you think you deserve it or not, of believing in yourself. … I just had to put blinders on and move forward … It’s not actually rocket science. It might be hard. But it’s not difficult to understand.”
After Grimson explained her three lessons of coming from nothing to financial resolution — assess, ask, act — she went on to explain how learning to be a podcaster — or learning ANYTHING — is to dive in.
“You’re going to jump in a pool with a bunch of people that are Olympic swimmers. And you’re going to be in there with your floaties on just trying to keep your head above water, but there’re two things that are going to happen: Number one, you cannot be in that environment and not learn. And number two, the experts are not going to let you drown. That’s true about wealthy. That’s true about everybody here at Podcast Movement. People who are successful, 99.9% of the time want to help.”
On Creating and Marketing a Podcast?
Grimson did not have a media background: “I didn’t even know how to plug in the microphone. I still struggle with that portion of it. But I’ve never really worried about that because there are those Olympic swimmers you can call. I’m never going to be the best at that. What I have to offer is my experience. So that’s what I wanted to focus on. What I learned was that despite the fact that there’s a million podcasts very few of them are actually successful and that they take work. They’re not easy. You have to commit and be really thoughtful about who you’re talking to.”
That is about the best lesson one can learn when diving in to podcasting.
Does her story have a happy ending? You bet. Right down to her pro-hockey husband, Stu. But it’s all because Grimson, who is fiercely independent, candid, and determined, keeps on swimming. Take a listen. We’ll surface all kinds of tips and inspiration. And like she says, please leave a review for Insider Interviews!
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