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Money Talk With Tiff

Money Talk With Tiff

    Money Talk With Tiff
    Episode•April 22, 2021•23 min

    Be Goals Diligent with Charles Weems | Ep. 58

    You will find many gems in this episode as Charles Weems, a successful entrepreneur, shares tons of his knowledge with Tiffany. About Our Guest Charles E. Weems III was born and raised in Decatur, Ga. He attended Columbia High School and received a full golf scholarship to Grambling State University in Grambling, Louisiana. While in school, Mr. Weems began his software engineering career by having the opportunity to work with university IT professionals to improve school-related software and work with the schools' web presence using technologies such as Adobe Flash. Upon graduating from college with a BS in Computer Science and Mathematics, he began his career at a small IT firm located in the Atlanta area as a junior software engineer specializing in web application development for government agencies. He also worked with smaller clients, building websites and tutoring students in mathematics. After learning more about business through relationships with other business owners, in 2006, Charles organized Weems Design Studio (WDS), starting with himself to offer his expertise in web design and software engineering to small firms. Mr. Weems has received many accolades from industry professionals for his expertise in software engineering, like being one of the first to implement HTML5 technology to design games that could be implemented on mobile devices and gaming consoles. Today, WDS has grown to a staff of 50+ people and expanded its services to include data analytics and bioinformatics. He has held a position as chairman of the board with Ga Tech's I3L organization, focusing on healthcare IT research. Most recently, Mr. Weems has received Class II Award with the GMSDC for companies that gross between $1M and $10M annually, Small Contractor of the Year for USDA for work with modernization, and nominated for the National award with the GMSDC. He has been featured in Black Enterprises Magazine, The Minority Business Development Agency (MBDA,) and TVOne online. He is married and has a little girl on the way. He enjoys golf, martial arts and loves the Marvel Cinematic Universe. Connect with Charles Linkedin: https://www.linkedin.com/in/charles-weems-iii-b9770634 Facebook: https://www.facebook.com/Azulaozhino/ Connect with Tiffany on Social Media Facebook: Money Talk With Tiff Twitter: @moneytalkwitht Instagram: @moneytalkwitht LinkedIn: Tiffany Grant YouTube: Money Talk With Tiff Channel Pinterest: Money Talk With Tiff This podcast uses the following third-party services for analysis: Podcorn - https://podcorn.com/privacy OP3 - https://op3.dev/privacy

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    Key Takeaways

    • 1

      Budgeting reveals spending habits and enables financial control

      Charles realized he was "throwing money away on stupid stuff" after creating his first budget

      His mentor explained: "the salary is not the number that matters. The question you should be asking is how much of that salary do I spend to live?"

      Tiffany emphasizes: "You don't have an earning problem. You have a spending problem."

    • 2

      Seek mentorship and counsel before making major decisions

      Charles runs to counsel before making decisions in business, marriage, or health

      He references the African proverb: "When the student is ready, the teacher will appear"

      Tiffany credits her career coach for helping her advance from $10/hour to $60K salary in 3-4 years

    • 3

      Time and compound interest are powerful allies when starting early

      Charles wishes he had started investing in his 20s: "compounded interest is your best friend"

      Putting $100/month into a high-interest account from age 20 to 50 creates significant wealth

      Microwave success doesn't exist—consistent, long-term effort wins

    • 4

      Success follows your own timeline, not someone else's

      Charles started Weems Design Studio in 2006 and it took 15 years to reach current success level

      Examples shared: 77-year-old college graduate and Vietnamese immigrant who earned three degrees while raising a child

      Tiffany's message: "Don't feel like you have to be on someone else's timeline... Life is not a race"

    • 5

      Delayed gratification and lifestyle management drive wealth building

      Charles and his wife spend only 39% of income on bills, leaving the rest for investing

      He warns against impressing others at the expense of financial stability

      People making millions can be broke while modest earners can build substantial wealth through disciplined spending

    Intro

    • Tiffany Grant interviews Charles Weems III, founder of Weems Design Studio, a software engineering firm with 50+ employees, about entrepreneurship, financial discipline, and the importance of mentorship.
    • Charles E. Weems III is a successful entrepreneur who started Weems Design Studio in 2006. He has received awards including Class II Award with GMSDC, Small Contractor of the Year for USDA, and has been featured in Black Enterprise Magazine and on TVOne. He holds a BS in Computer Science and Mathematics from Grambling State University.
    LinkedInFacebookCompany Website

    – Introduction & Guest Background

    • Tiffany introduces Charles Weems III, highlighting his company Weems Design Studio with 50+ employees, and his features in Black Enterprise Magazine, MBDA, and TVOne Online.

    – Hiring the Right People

    • Charles explains that hiring success comes from clearly communicating company values and finding candidates who share those core values.

    – GMSDC and Business Recognition

    • Charles describes the Georgia Minority Supply Diversity Council as a strategic network connecting minority-owned businesses with larger corporations like Coca-Cola and Home Depot.
    • He received the Class II Award for companies grossing $1M-$10M annually and aims to reach the next revenue tier soon.

    – Charles's Early Spending Mistakes

    • After landing his first professional job, Charles bought a house, nice car, expensive suits, and frequently bought drinks for friends. By year's end, despite good income, he had nothing saved.

    I was making this amount of money and I don't have anything to go for it.

    – Charles Weems
    • A mentor confronted him about his spending habits and connected him with a financial planner who forced him to create a budget.

    – The Power of Budgeting

    When I did a budget, it was like looking in a mirror and I was just like, oh my God, I am the stupidest person in the world to be throwing this kind of money away on stupid stuff.

    – Charles Weems
    • Tiffany reinforces that budgeting works regardless of income level and helps identify both good and bad financial habits.

    – Current Financial Philosophy

    • Charles and his wife spend only 39% of income on living expenses. The rest goes toward investing and goals. He emphasizes that salary size doesn't matter—what matters is spending management and delayed gratification.

    I know people that make way more than I do and live paycheck to paycheck.

    – Charles Weems

    – Lifestyle Creep and Social Pressure

    • Charles shares that he shops at Walmart and doesn't care about impressing others with branded clothing. He stresses being comfortable with who you are and prioritizing future security over present appearances.

    – Parenthood Changes Priorities

    • Both hosts discuss how having children shifts financial focus toward legacy building. Charles's daughter (18 months) prompted him to prioritize college savings and long-term planning.

    – Compound Interest and Starting Early

    • Charles regrets not investing aggressively in his 20s. He explains that time is an investor's best friend and that consistent small contributions compound dramatically over decades.

    We usually want microwave success. We get a million dollars tomorrow. But the truth is time is really your friend.

    – Charles Weems

    – The Value of Mentorship

    • Charles cites Proverbs as his favorite Bible book, emphasizing wisdom and counsel. He advises running to trusted advisors before making major decisions.

    Wisdom is screaming out in the street, but nobody listens.

    – Charles Weems
    • Tiffany shares that her career coach helped her navigate corporate America and accelerate her salary growth from $10/hour to $60K in just 3-4 years.

    – Being Ready to Receive Advice

    • Charles notes that people often aren't ready to hear advice until they've hit obstacles. He encourages entrepreneurs to get outside their own thinking and accept guidance sooner.

    – Success Takes Time

    • Charles started Weems Design Studio in 2006—15 years ago. He shares inspiring examples of a 77-year-old college graduate and a Vietnamese immigrant who earned three degrees while raising a child.

    There is no cookie cutter to say you have to do all of this stuff in a year. You go at the pace that you can go.

    – Charles Weems

    – Closing & Contact Information

    • Charles shares his company website (weemsdesignstudio.com) and LinkedIn profile. Tiffany thanks him for sharing wisdom on entrepreneurship, financial discipline, and mentorship.

    Books Mentioned

    • The Money Book for the Young, Fabulous & Broke by Suze Orman

    Topics

    EntrepreneurshipPersonal FinanceBudgetingMentorshipCompound InterestDelayed GratificationBusiness GrowthFinancial DisciplineCareer DevelopmentParenting & Money

    Be Goals Diligent with Charles Weems | Ep. 58

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