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Speaker 3: All right, guys, welcome back episode twenty six. We don't

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Speaker 3: got no round for twenty six, No, but it's crazy.

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Speaker 4: Yeah yeah, but you know, twenty six weeks in and

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Speaker 4: this is a very very special episode for us.

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Speaker 3: We got my ASH cash here. Appreciate y'all man, Thank

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Speaker 3: you for having no thank you for coming there, for coming.

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Speaker 4: So we're gonna give the background on ASH. But before that,

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Speaker 4: we gotta give a shout out to Atlanta. That's where

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Speaker 4: you live right.

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Speaker 3: Now, antl Yeah, that's that's that's home now.

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Speaker 5: Well, I'm always from Halem, though, we got to make

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Speaker 5: that clear, Like I live in Atlanta, but I'm always

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Speaker 5: from hallm Born and Race Nicholas Projects.

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Speaker 3: Like when you walked in, I said, Halem's own fast.

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Speaker 4: Up to five, yes, sir, So yeah, Atlanta real quick.

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Speaker 4: We were doing an event. By the time you guys

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Speaker 4: hear this, it'll be last minute, but it's still trying

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Speaker 4: to register. We're doing an event on the eighteenth free

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Speaker 4: Networking meet and greed is gonna be super dope. We

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Speaker 4: bring in some of our e Y alumni with us,

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Speaker 4: and we wanted to bring the whole city out.

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Speaker 3: We're gonna do a.

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Speaker 4: Railroad big come out. Go to our website the events

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Speaker 4: tab and registered. Like I said, you got a day

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Speaker 4: a day and a half by the time you actually

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Speaker 4: had this. But we are looking forwards. It's always good

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Speaker 4: to get to Atlanta.

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Speaker 3: Brooklyn was great, but we're hearing Atlanta.

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Speaker 5: Atlanta is like whata though, sure Atlanta love is different,

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Speaker 5: you know what I mean.

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Speaker 3: That's the mecca. That's the mecca right now.

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Speaker 5: Man.

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Speaker 4: So so Atlanta we come in all right, but right

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Speaker 4: now we have very important information right. So Ashally, he

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Speaker 4: actually has a very interesting story. I just learned some

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Speaker 4: stuff actually that I didn't know before, so we want

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Speaker 4: to talk about that. But he's a financial motivator, right,

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Speaker 4: he's an author, he is a speaker, he's a wealth coach,

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Speaker 4: and he has a credit repair business. Anything else I'm

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Speaker 4: left out?

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Speaker 3: We forgot father. That's the most important. Yeah, yeah, for sure,

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Speaker 3: for sure, for sure. I think that. I think that's

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Speaker 3: pretty much sums it all.

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Speaker 4: Right, So, yeah, this is gonna be a dope discussion.

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Speaker 4: So we're going to talk about a lot of different things,

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Speaker 4: entrepreneurship out again to the author game speaking. But first

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Speaker 4: I want to kind of highlight your journey of how

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Speaker 4: you got here because it's really interesting.

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Speaker 3: So I'll let you tell it. Yeah, I'll give a

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Speaker 3: quick overview.

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Speaker 4: So you used to be so I'm in the financial

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Speaker 4: services industry, used to be in the financial services industry

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Speaker 4: as well. You still are in the financial services industry,

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Speaker 4: but used to be on the institutional side, right, and

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Speaker 4: then you switched over to the entrepreneurial side of doing

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Speaker 4: your own thing, right, So can you just explain that

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Speaker 4: process because I think that a lot of times people

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Speaker 4: one of the biggest fears to stop people from becoming

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Speaker 4: entrepreneurs is they lack faith. They like faith and to say, Okay,

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Speaker 4: I have a secure job. It's difficult to leave something

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Speaker 4: that's secure for something that's unknown for sure, right, And

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Speaker 4: even we spoke about that. You you kind of battled

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Speaker 4: with that for a while and then you was like,

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Speaker 4: you know what, enough is enough? I need to make

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Speaker 4: this jump. So can you can you talk about that

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Speaker 4: journey from working on the institutional side to jumping off

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Speaker 4: and just doing your own thing.

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Speaker 5: Yeah, not for sure. So, like I started my career, uh,

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Speaker 5: straight out of high school. So I was nineteen years

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Speaker 5: old when I started working at the bank did everything

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Speaker 5: tell a personal banker, private banker, branch manager was a

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Speaker 5: ceover Credit Union. And for me, I kind of I mean,

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Speaker 5: I've always sort of like been a hustler, Like I

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Speaker 5: always knew that I didn't want people to tell me

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Speaker 5: what to do and things of that nature, Like I

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Speaker 5: wanted to be an entrepreneur. But like you said, that

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Speaker 5: security is what kept me in the game as long

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Speaker 5: as I was in the game. But for me, that

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Speaker 5: transition it is difficult though, right, It is that that

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Speaker 5: up and down because I know. I remember, you know,

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Speaker 5: I retired from banking when I was thirty years old, right, retired, Right,

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Speaker 5: I threw you know, I even threw myself a party,

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Speaker 5: retirement party at forty forty club.

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Speaker 3: Right.

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Speaker 5: I was just about to turn thirty, and you know,

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Speaker 5: I was, I was making money, right, I was making

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Speaker 5: six figures at the bank. Wound up quitting becoming an entrepreneur.

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Speaker 5: I almost fell on my face though, right to be

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Speaker 5: to be honest, right, I almost got to a space

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Speaker 5: where you know, I wasn't making as much money because

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Speaker 5: I was used to that lifestyle, and so I had

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Speaker 5: to go back in to the working world figure some

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Speaker 5: things out.

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Speaker 3: And then now I was like, all right, now I'm

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Speaker 3: gonna jump back back in there.

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Speaker 5: And so partly what worked for me was being able

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Speaker 5: to create that multiple streams of income. And that's why

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Speaker 5: I tell people that whatever you do, make sure that

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Speaker 5: you're not only relying on one source of income, because

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Speaker 5: having multiple streams of income was what allowed me to say, okay,

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Speaker 5: you know what, now I could jump out and be comfortable.

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Speaker 5: But being on the institutional side, it was tough, right,

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Speaker 5: because I mean, you know, as being a licensed financial advisor,

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Speaker 5: there's certain things that you like, you're highly regulated, right,

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Speaker 5: and so you know what, you know, even when I

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Speaker 5: wrote my first book, mind Right, Money Right, So my

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Speaker 5: real name is ash Exantis, right. And the reason why

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Speaker 5: I write under ash cash was because back in two

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Speaker 5: thousand and nine, when I wanted to write my first book,

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Speaker 5: mind Right, Money Right, ten loads of financial Freedom, I

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Speaker 5: needed to ask permission from you know, from the institution

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Speaker 5: to see whether I can write the book because I

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Speaker 5: was a license rep with them.

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Speaker 3: It was a conflict of.

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Speaker 5: Interest and they were they wouldn't let me write the book, right,

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Speaker 5: and so ask for forgiveness, not for permission. So I decided,

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Speaker 5: I'm like, you know what, I'm gonna write this book

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Speaker 5: under ash cash. If they find out, they find out,

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Speaker 5: but I'll be ash exanswers from nine to five and

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Speaker 5: I'll be ash cash, you know, every other every other time.

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Speaker 5: And that worked for me because I was building both

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Speaker 5: simultaneously to the point where ash cash got hot enough

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Speaker 5: where I was able to leave my nine to five

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Speaker 5: and and you know, create some some income by doing it.

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Speaker 4: And that's something that I always encourage people to do

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Speaker 4: as well, where you don't have to do it all

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Speaker 4: at the same time, right, everything at the same time,

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Speaker 4: so you can still work a regular job while building

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Speaker 4: up your entrepreneurial business, and then when that gets to

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Speaker 4: a point where it can support you, then you take

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Speaker 4: the lead.

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Speaker 5: Right, Like, like people, I don't know where this anti

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Speaker 5: nine to five thing come from, Like stop watching social.

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Speaker 3: Media if they lying? Now you know how many you know.

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Speaker 5: How many people who out who's who's out here acting

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Speaker 5: like they're independent and then you bump into them at

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Speaker 5: they nine to five and they I'm trying to say, like, right,

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Speaker 5: like stop listening to them. It's like it's a lie.

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Speaker 5: Like your job is your investor, it is your first investor.

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Speaker 5: You quit your job. So so the reason why so

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Speaker 5: I have a company called mind Right Money Management. The

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Speaker 5: reason why it's mind Right Money Management because it's a mindset. First,

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Speaker 5: money is mindset. If you don't have the proper mindset,

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Speaker 5: I don't care if you make one hundred thousand dollars,

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Speaker 5: a million dollars, ten million dollars. If you don't have

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Speaker 5: the proper mindset, you're still going to be broke. Right,

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Speaker 5: And what people don't realize is that that's if you

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Speaker 5: have to struggle the brain space that it takes for

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Speaker 5: you to be creative.

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Speaker 3: You're not gonna be as creative.

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Speaker 5: Your entrepreneurship venture is not going to be as successful

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Speaker 5: as it could be had you had the proper brain

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Speaker 5: space to not have to focus on the basics.

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Speaker 3: So I tell people, listen, keep your nine to five.

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Speaker 5: It is it is your first investor, is best thing

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Speaker 5: in your business. It removes you having to think about

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Speaker 5: the basics, where I'm gonna live, how I'm gonna eat,

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Speaker 5: and then the rest is how you invest your time period.

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Speaker 4: Well, the key, the key to that is that you

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Speaker 4: have to be willing to put in overtime. Oh absolutely,

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Speaker 4: when I say overtime, not overtime at your job, overtime

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Speaker 4: as far as to say, okay, I work from nine

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Speaker 4: to five, from six o'clock to eleven o'clock at night.

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Speaker 4: Not a lot of people are willing to do that, right.

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Speaker 4: That's the thing that and we talking about the social media.

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Speaker 4: It's crazy, It's like that's what stops a lot of

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Speaker 4: people is to say, Okay, I can still work a job,

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Speaker 4: but I'm gonna work another job that I'm not gonna

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Speaker 4: get paid for. Because you're an entrepreneurial the first year,

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Speaker 4: first two years, first five years, whatever. You might work

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Speaker 4: the same nine to five on the night in and

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Speaker 4: not get a dollar for it. That's the sacrifice that

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Speaker 4: a lot of people is not willing to make. But

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Speaker 4: let me ask you this because I wanted to you. Right,

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Speaker 4: So you said that one position in general kind of

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Speaker 4: change your whole way of thinking. Right when you're the

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Speaker 4: CEO of a credit union. Credit union in Queensbridge, right, projects?

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Speaker 3: So all right?

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Speaker 4: So Queensbridge is the largest projects in North America, if

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Speaker 4: anybody's not familiar.

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Speaker 3: Also home to hip hop Royalty.

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Speaker 6: Yes, mob, the project Cormega, a bunch of people they

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Speaker 6: ran Queensbridge was in the ninetyes, late nineties forget them,

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Speaker 6: we got but.

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Speaker 3: We can't fit.

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Speaker 4: I was just having this debate about like rap, right,

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Speaker 4: And in the nineties it was like Queens Date. The

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Speaker 4: borough just was research researchence and it's like Queen's Bridges

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Speaker 4: specifically if you think about it, like for one project

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Speaker 4: to have that much talent come out of it, it's crazy.

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Speaker 4: But it's ninety six buildings, ninety six So they had

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Speaker 4: their own credit union in the projects, right.

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Speaker 3: Yeah.

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Speaker 5: So Urban upbount is a nonprofit that provided services within

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Speaker 5: that that area, and so Bishop Taylor, the CEO of

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Speaker 5: the nonprofit, decided that he wanted to open up a

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Speaker 5: credit union to serve those members. And so, you know,

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Speaker 5: we had a mutual friend when I was working at

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Speaker 5: City Bank at the time. We had a mutual friend

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Speaker 5: and he was like, listen, you're the perfect person, right.

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Speaker 5: You grew up in the projects. You're a VP at

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Speaker 5: a bank. You understand our people, but you also understand

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Speaker 5: how to run a branch from you know, p and

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Speaker 5: ls and all that stuff. And so he tapped me

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Speaker 5: and was like, listen, I want you to run this

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Speaker 5: credit union. And so I was thirty one at the time,

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Speaker 5: and so at the time, I was one of the

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Speaker 5: youngest CEOs of a federally chartered bank. And that really

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Speaker 5: kind of changed my perspective on just what we need,

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Speaker 5: you know, from from a from a financial education perspective,

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Speaker 5: because a couple of things I realized is that when

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Speaker 5: I was working at City Bank in the same type

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Speaker 5: of environment, right, I was running a forty five million

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Speaker 5: dollar branch right on one hundred and forty four Street

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Speaker 5: and Seventh Avenue in Harlem, same demographic public housing.

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Speaker 3: It was, you know, low income. But because we had.

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Speaker 5: The capital, we were able to provide the products and

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Speaker 5: services that the that the uh that they needed. Working

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Speaker 5: at the credit union, I realized that, Yeah, you know,

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Speaker 5: Jay said this, right, he says, I can't help the

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Speaker 5: poor if I'm one of them. So I got rich

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Speaker 5: and gave back to me. That's the win win. I

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Speaker 5: didn't understand that until I became the CEO of a

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Speaker 5: credit union and realized that in order to help them one,

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Speaker 5: we needed to educate them first, because they were so

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Speaker 5: used to using check cashing places and giving their money

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Speaker 5: away that that there was an education part first, But

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Speaker 5: then there was a capital thing as well, right, meaning

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Speaker 5: that a lot of people were going to the check

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Speaker 5: cashing places, We're going to the pawnshops, We're taking payday

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Speaker 5: loans or doing all of those things because they needed access. Right, I,

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Speaker 5: as a CEO of a credit union, could not give

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Speaker 5: them access because there's a balance between between.

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Speaker 3: Taking risk as a as an institution. Right.

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Speaker 5: And so let's say, for instance, I had two million

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Speaker 5: dollars in deposits. That means, you know, there's a there's

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Speaker 5: a reserve, right, I can't lend up the two million

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Speaker 5: dollars I have to you know, keep a reserve. And

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Speaker 5: so let's say I can lend one point two million dollars,

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Speaker 5: but now I have to look at the risk. Like

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Speaker 5: as a credit union, the people who put their money

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Speaker 5: in own the credit union, right, your owner of the

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Speaker 5: credit union. But I can't lend five thousand dollars to

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Speaker 5: somebody who has not demonstrated that they will be able

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Speaker 5: to pay it back, even though I know that they

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Speaker 5: needed and that I can help. And so it made

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Speaker 5: me realize that, yes, access to capital is important, is

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Speaker 5: very very important, but that financial education piece is more

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Speaker 5: important because again we've seen people who come from places

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Speaker 5: who they don't have any money. You give them money,

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Speaker 5: they will lose the money. They will go back to

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Speaker 5: square one because they haven't changed their mindset. They haven't

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Speaker 5: you know, recalibrated. And that's what changed my life. I said,

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Speaker 5: you know what, I have to be on a mission,

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Speaker 5: not only locally.

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Speaker 3: Right.

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Speaker 5: So prior to that, you know, I was working in Harlem,

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Speaker 5: I was working downtown, I was working in Queensbridge. But

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Speaker 5: I said, on a national level, I want to reach people.

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Speaker 5: And that's why I continue to write books. That's why

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Speaker 5: you know, I started to reach out and become a

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Speaker 5: national voice for financial education because our people most importantly

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Speaker 5: have been shut out, right shut out of this information

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Speaker 5: for so long, and not just like we didn't do

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Speaker 5: it like these are Like if you read the book

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Speaker 5: Color of Law, you'll realize that there were government sanction

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Speaker 5: laws that shut us out of this, you know, shut

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Speaker 5: us out financially, and so now we have to take

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Speaker 5: back control and re educate people.

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Speaker 7: It's dope because like from an education standpoint, right, and

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Speaker 7: the same thing from the financial world. You're inside the system, right,

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Speaker 7: so you can see that the customers and your clients

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Speaker 7: really don't have knowledge, and the same thing that we're

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Speaker 7: kind of doing where I'm in an education system, I

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Speaker 7: know it's not being taught in school. So we have

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Speaker 7: to go out and give the financial education. But one

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Speaker 7: of the things that you said is that your culture responses,

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Speaker 7: and that is so powerful because, like I said, culture

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Speaker 7: always changes right down to the name of your company, right,

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Speaker 7: money right management. Like when I heard money right, automatically

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Speaker 7: I thought matters belief. When I was like, yo, is

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Speaker 7: there something, then yeah, absolutely, without a doubt.

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Speaker 5: And so it's so funny and this is a testament

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Speaker 5: to why be your authentic self and do not care

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Speaker 5: what people say.

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Speaker 3: I'm gonna tell you, tell your quick story.

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Speaker 5: I wrote my first book in two thousand and nine, right,

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Speaker 5: it's going on ten years. It was called min Right

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Speaker 5: Money Right, based on the jay Z and Memphis Lee song.

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Speaker 5: When I wrote the book, though, you know, I did

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Speaker 5: not write the book as if the influence was hip

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Speaker 5: hop right, like I tried to. You know, at the time,

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Speaker 5: you had the Dave Ramsey Susie Orman's out there, and

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Speaker 5: people were advising me against using hip hop and money.

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Speaker 5: They were like, yo, it's a serious topic. Do not

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Speaker 5: blended too. How can you possibly do it? And I

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Speaker 5: listened to them, and so I said, you know what, Nah,

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Speaker 5: I'm gonna write this book.

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Speaker 3: I'm gonna do it the way I want to write it,

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Speaker 3: whatever the case may be.

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Speaker 5: Fast forward write you know eight years later where I

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Speaker 5: finally was like, nah, I hear the jay Z four

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Speaker 5: forty four album.

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Speaker 3: Were hearing it difference, and I'm like, nah, I.

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Speaker 5: Got a mixed hip hop and you know and finances

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Speaker 5: together and it became my most successful book. Had I

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Speaker 5: listen ten years ago and said, you know what, naw,

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Speaker 5: I'm feeling this hip hop and money.

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Speaker 3: I'm mixed the two together.

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Speaker 5: But to your point about being culturally responsive, it's that, right,

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Speaker 5: is that a lot of times? And this is not

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Speaker 5: just financial education. This is a lot of things that

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Speaker 5: we're trying to teach people. We tend to teach people

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Speaker 5: based on our level of understanding, but we don't realize

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Speaker 5: or we forget that we had to go through a

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Speaker 5: journey to even get here. And so as the educator,

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Speaker 5: let's stop trying to reach people from where we are,

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Speaker 5: but let's reach them where they are. And I think

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Speaker 5: that now that we look at hip hop as being

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Speaker 5: the great equalize of where you know, when I listened

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Speaker 5: to my first jay Z track, I was fifteen years old, right,

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Speaker 5: and so throughout those years I've grown, Right, people who

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Speaker 5: listen to hip hop have grown. We have homes now,

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Speaker 5: we have kids, we have families, you know, we have

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Speaker 5: some even have grand children.

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Speaker 3: And thinking about legacy buildings, we are grow up.

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Speaker 4: It's like it's like, right, right, yeah, It's like it's like,

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Speaker 4: oh Man Derry Falcon where he said, you know, we

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Speaker 4: didn't do netor entrepreneurs whereas we don't don't necessarily have

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Speaker 4: to wear suit if we don't want to wear vapor.

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Speaker 8: Max and we could wear to discredit the information absolutely

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Speaker 8: because it's like, Okay, we grew up in the hip

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Speaker 8: hop era, we grew up playing sports, and it's just

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Speaker 8: what it is, right, So it's like, you know, as

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Speaker 8: opposed to trying to water it down be something that

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Speaker 8: we're not, we could deliver the message in the language

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Speaker 8: that the people understand.

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Speaker 4: And that's what that's one thing I like about you

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Speaker 4: because it's it's in line what we do as far

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Speaker 4: as with the podcast.

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Speaker 3: Is like you know, it's it's always easy to be yourself. Absolutely.

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Speaker 3: I think that's one of my favorite Drake lines. He

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Speaker 3: said that line.

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Speaker 7: He was like, you could be anything you want, even yourself, right,

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Speaker 7: brilliant even.

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Speaker 4: Even with when he said still do me because it's

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Speaker 4: easy to do, because it's like that really is easy,

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Speaker 4: Like you know, it takes a lot of effort to

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Speaker 4: try to be somebody. A lot of times people do

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Speaker 4: that every single day in the work world and just

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Speaker 4: life in general, and A never works because you're trying

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Speaker 4: to duplicate somebody else, and B it's just not even comfortable.

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Speaker 3: So the message is the message is never going to get.

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Speaker 4: Delivered because the people that you're trying to be like,

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Speaker 4: they know you're not them, right, And the people who

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Speaker 4: you really are like they looking at you like you

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Speaker 4: not even.

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Speaker 3: You sound like us.

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Speaker 4: You turned your back on it, but I wanted to

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Speaker 4: ask you something because you said something that was very key.

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Speaker 4: You said, when you was on the institutional side, working

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Speaker 4: in banks, you realize that like wealthy people like they

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Speaker 4: have a team, man. And we even said bringing it

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Speaker 4: back with the lyrics, but Nipsey said, I don't need

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Speaker 4: a ID in my bank. I walk and I got

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Speaker 4: a team in my band. And you was like, that's

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Speaker 4: one of the things that motivated you to just educate people,

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Speaker 4: because like, we're so far when I say we are community,

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Speaker 4: we're so far behind the eight ball. We don't even

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Speaker 4: know what's on the other side of.

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Speaker 5: Oh my god, can you just explain, like on the

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Speaker 5: other side of So for two years, right, I was

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Speaker 5: a private banker and I managed assets. I had a

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Speaker 5: book of business four hundred massive fluent clients. Right, So

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Speaker 5: the term mass affluent just means two hundred and fifty

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Speaker 5: thousand dollars in investable assets, right, So you have to

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Speaker 5: have liquid two hundred fifty thousand dollars or more to

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Speaker 5: even qualify to have a private banker. And so my

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Speaker 5: richest client was worth twenty two million dollars. I was

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Speaker 5: part of a team, though I wasn't. I wasn't the

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Speaker 5: only person that worked on that wealthy person's portfolio. You know,

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Speaker 5: I managed the banks and the mutual funds, and there

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Speaker 5: was somebody who was the mortgage guy. There was somebody

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Speaker 5: who was the banker. There was somebody who you know,

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Speaker 5: worked on you know, the investment banking side.

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Speaker 3: That like, they had a whole.

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Speaker 5: Team of people who not only worked for them, meaning

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Speaker 5: that this wealthy person didn't have to think about their money.

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Speaker 5: Like this wealthy person got up and did what they

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Speaker 5: did every single day to keep their wealth. And there

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Speaker 5: were people working around the clock to manage their money

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Speaker 5: to make sure that their money grows right, meaning that

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Speaker 5: from a banking perspective, there were no fees, they weren't

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Speaker 5: charging anything.

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Speaker 3: From an investment.

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Speaker 5: Perspective, they had someone watching their portfolio, you know, From

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Speaker 5: a mortgage perspective, they had somebody if rates dropped WITHOU.

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Speaker 5: So these were all people working proactively to maintain or

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Speaker 5: build this person's wealth while us, you know, people in

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Speaker 5: our community, people who don't have access to this team, Like,

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Speaker 5: we're trying to figure out how to how to do

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Speaker 5: stuff day to day, and we got to think about

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Speaker 5: our money. We got to think about how to make

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Speaker 5: the money. We got to think about how to manage

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Speaker 5: the money. And so that's why when they say that term,

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Speaker 5: you know, the rich get richer is because they have

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Speaker 5: a team. They have things and systems and processes in

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Speaker 5: place that keep them at that level.

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Speaker 3: And so for me, you know, I'm a big Jay fan.

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Speaker 3: So from a quote j all.

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Speaker 5: Day, right, right, so Jay said, there's much bigger issues

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Speaker 5: in the world, I know, but I first had to

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Speaker 5: take care of the world, I know. And so for me,

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Speaker 5: I'm like, Yo, I'm from the I'm from the projects,

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Speaker 5: but I'm from you know, you see the hollow, right,

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Speaker 5: I'm from the projects. I'm from one hundred twenty ninth

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Speaker 5: Street and eighth Avenue like a New hallan them, right,

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Speaker 5: and so you know what I mean. So I'm from

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Speaker 5: o hallm So I understand what it's what it's like

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Speaker 5: to be from the bottom. But then I've done well

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Speaker 5: for myself, so I also understand that other side of it,

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Speaker 5: and I'm like, nah to same it, like my people

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Speaker 5: need this, right, So there's much big issues. I could

435
00:20:32,320 --> 00:20:34,639
Speaker 5: be doing so many other things, but I first had

436
00:20:34,640 --> 00:20:35,919
Speaker 5: to take care of the world. I know, and I

437
00:20:35,960 --> 00:20:37,639
Speaker 5: think that you know for us, and this is why

438
00:20:37,640 --> 00:20:39,960
Speaker 5: I appreciate what y'all do as well, is because we're

439
00:20:40,040 --> 00:20:44,280
Speaker 5: credible messengers, right, like you can't like Yo, I've been

440
00:20:44,320 --> 00:20:46,920
Speaker 5: to Rikers Island and I've been in the corporate boardroom

441
00:20:47,000 --> 00:20:50,160
Speaker 5: right talking the same It's the same language, and it's

442
00:20:50,280 --> 00:20:53,240
Speaker 5: nothing nobody could tell me about this be because I've

443
00:20:53,400 --> 00:20:55,280
Speaker 5: I've been on both sides, and I think that's what

444
00:20:55,480 --> 00:20:58,439
Speaker 5: makes us credible because we got the seats and I

445
00:20:58,440 --> 00:21:01,280
Speaker 5: think that's important, right how having those receipts, but reaching

446
00:21:01,320 --> 00:21:04,240
Speaker 5: people at a level that they understand and hip hop

447
00:21:04,560 --> 00:21:06,760
Speaker 5: money they're not they're.

448
00:21:06,560 --> 00:21:07,800
Speaker 3: Not mutually exclusive.

449
00:21:08,440 --> 00:21:11,320
Speaker 7: It's important because it's like we said this before, it's

450
00:21:11,359 --> 00:21:14,320
Speaker 7: like the messages for everybody, but the people who need

451
00:21:14,359 --> 00:21:16,520
Speaker 7: it are going to be impacted by it most are

452
00:21:16,520 --> 00:21:18,080
Speaker 7: going to receive it, sure you know what I mean.

453
00:21:18,080 --> 00:21:20,680
Speaker 7: And that's something that we prod ourselves on, right because

454
00:21:20,880 --> 00:21:22,800
Speaker 7: like you said, we are the messages of this and

455
00:21:22,840 --> 00:21:23,919
Speaker 7: we have receipts to prove it.

456
00:21:24,160 --> 00:21:27,919
Speaker 4: You know what, It's interesting because it's people say that

457
00:21:28,000 --> 00:21:31,680
Speaker 4: hip hop is not finance. Hip hop actually is fun.

458
00:21:32,080 --> 00:21:36,000
Speaker 4: Everything about it is money, right as far as the lyrics,

459
00:21:36,119 --> 00:21:38,120
Speaker 4: it's a business, a billion dollar business.

460
00:21:38,320 --> 00:21:40,680
Speaker 3: And it always was about education.

461
00:21:40,920 --> 00:21:43,840
Speaker 4: At its core, was educating, even if it's not educating

462
00:21:43,840 --> 00:21:49,359
Speaker 4: you on the right thing to educated at things about

463
00:21:49,359 --> 00:21:51,000
Speaker 4: it is like even for me, like you know, I

464
00:21:51,040 --> 00:21:53,640
Speaker 4: probe myself on having a very good memory. But one

465
00:21:53,640 --> 00:21:55,359
Speaker 4: of the things that I think keeps my memory so

466
00:21:55,359 --> 00:21:56,960
Speaker 4: good is that I have so much rap lirics that

467
00:21:57,000 --> 00:21:59,080
Speaker 4: I remembered, right, And like I said, a lot of

468
00:21:59,080 --> 00:22:01,760
Speaker 4: the things that I learned there from rap, they weren't

469
00:22:01,760 --> 00:22:04,200
Speaker 4: necessarily positive, but it was still an education, right. So

470
00:22:04,560 --> 00:22:08,360
Speaker 4: it's like, now, if we can teach people using lyrics

471
00:22:08,880 --> 00:22:12,160
Speaker 4: and music as something that they can relate to culturally,

472
00:22:12,920 --> 00:22:13,880
Speaker 4: to me, that's a win win.

473
00:22:14,400 --> 00:22:14,960
Speaker 3: That's a win win.

474
00:22:15,040 --> 00:22:17,720
Speaker 4: And I'm gonna tie this all in with your books

475
00:22:17,720 --> 00:22:21,200
Speaker 4: because that's actually what you do as far as writing books.

476
00:22:21,200 --> 00:22:22,840
Speaker 4: So in the next segment, we're going to talk about

477
00:22:22,880 --> 00:22:27,480
Speaker 4: the journey from being employed to being a self entrepreneur

478
00:22:28,320 --> 00:22:31,320
Speaker 4: and publisher of your books and that's the whole journey

479
00:22:31,320 --> 00:22:32,840
Speaker 4: as well, because a lot of times people don't a

480
00:22:32,960 --> 00:22:35,640
Speaker 4: fully understand the book industry for sure, how it can

481
00:22:35,640 --> 00:22:38,199
Speaker 4: be lucrative, how they can publish a book themselves, they

482
00:22:38,240 --> 00:22:41,560
Speaker 4: don't need a major company to do it for them. So, yeah,

483
00:22:41,560 --> 00:22:43,840
Speaker 4: we're gonna go in through the one on one on books.

484
00:22:44,400 --> 00:22:44,800
Speaker 3: All right.

485
00:22:45,040 --> 00:22:47,240
Speaker 4: So you're an entrepreneur. You do a lot of different things,

486
00:22:47,240 --> 00:22:48,520
Speaker 4: but one of the things that you do is you're

487
00:22:48,520 --> 00:22:51,400
Speaker 4: an author and you wrote seven books? Seven books, all right,

488
00:22:51,560 --> 00:22:53,639
Speaker 4: so can you talk about that. We haven't covered the

489
00:22:53,680 --> 00:22:57,159
Speaker 4: book industry yet, So what is the process of writing

490
00:22:57,200 --> 00:23:00,400
Speaker 4: a book? Like as far as from the do you like? Yeah,

491
00:23:00,440 --> 00:23:01,639
Speaker 4: can you just walk me through that? Do you have

492
00:23:01,760 --> 00:23:02,639
Speaker 4: a ghostwriter do?

493
00:23:02,720 --> 00:23:04,120
Speaker 3: Yeah? Yeah? You actually sit there.

494
00:23:04,680 --> 00:23:04,920
Speaker 9: Yeah.

495
00:23:04,960 --> 00:23:06,119
Speaker 3: So I'm gonna tell you.

496
00:23:06,160 --> 00:23:08,520
Speaker 5: So when I wrote my first book ten years ago,

497
00:23:09,200 --> 00:23:11,840
Speaker 5: it took me about eight maybe eight nine months to

498
00:23:11,880 --> 00:23:14,359
Speaker 5: put the book out because I literally I had a

499
00:23:14,359 --> 00:23:16,600
Speaker 5: BlackBerry at the time. I literally would like sit in

500
00:23:16,600 --> 00:23:19,080
Speaker 5: my car and like write the book on my BlackBerry.

501
00:23:19,720 --> 00:23:22,399
Speaker 5: Now fast forward, I got done by the book in

502
00:23:22,440 --> 00:23:26,440
Speaker 5: two months, maybe less than that. Because technology is the

503
00:23:26,480 --> 00:23:30,879
Speaker 5: great equalizer for everything, and so for me, the way

504
00:23:30,960 --> 00:23:32,520
Speaker 5: that you write a book is And this is what

505
00:23:32,560 --> 00:23:35,000
Speaker 5: I would suggest to anybody is to start with the

506
00:23:35,119 --> 00:23:37,760
Speaker 5: end in mind. So before you even write a first

507
00:23:38,240 --> 00:23:41,480
Speaker 5: chapter or anything, understand what is it that you want

508
00:23:41,480 --> 00:23:43,399
Speaker 5: people to get out of this book. And now I

509
00:23:43,480 --> 00:23:45,720
Speaker 5: need you to say this is the end, this is

510
00:23:45,760 --> 00:23:47,600
Speaker 5: what I want people to get, and then not work

511
00:23:47,640 --> 00:23:50,159
Speaker 5: your way backwards. Right, So if I want people to

512
00:23:50,200 --> 00:23:52,800
Speaker 5: get the financial lessons that jay Z taught in four

513
00:23:52,920 --> 00:23:55,439
Speaker 5: forty four, that's the main thing. So when people who

514
00:23:55,440 --> 00:23:58,399
Speaker 5: are finished, they're gonna understand how to build generational wealth.

515
00:23:58,480 --> 00:23:59,720
Speaker 3: And so how do I do that? So now I

516
00:23:59,720 --> 00:24:01,000
Speaker 3: go backwards and I outline.

517
00:24:01,080 --> 00:24:03,440
Speaker 5: I say, all right, so I'm gonna go from from

518
00:24:03,560 --> 00:24:08,200
Speaker 5: self sufficiency to cooperative economics to generational wealth, right, and

519
00:24:08,240 --> 00:24:11,240
Speaker 5: I'm gonna break down each of those into chapters. Now

520
00:24:11,320 --> 00:24:14,000
Speaker 5: that I've broken down into chapters, I'm gonna go to

521
00:24:14,080 --> 00:24:16,360
Speaker 5: each chapter and I'm gonna bullet point everything and say

522
00:24:16,680 --> 00:24:18,480
Speaker 5: these are the main things I want to talk about

523
00:24:18,520 --> 00:24:22,080
Speaker 5: in each different chapter and literally dictate the rest.

524
00:24:22,160 --> 00:24:24,240
Speaker 3: Now you didn't did you go to formal school for that?

525
00:24:24,280 --> 00:24:27,720
Speaker 3: You study literature? This is just all all self taught.

526
00:24:27,800 --> 00:24:30,240
Speaker 5: So so here's what I realized, and this is a

527
00:24:30,280 --> 00:24:35,479
Speaker 5: great message as to you don't necessarily have to listen

528
00:24:35,600 --> 00:24:38,600
Speaker 5: to people because they've done it, or because they have

529
00:24:38,680 --> 00:24:40,399
Speaker 5: a master's or whatever the case may be.

530
00:24:40,880 --> 00:24:42,480
Speaker 3: Do what works for your audience, right.

531
00:24:42,800 --> 00:24:45,520
Speaker 5: And what I realized was when I wrote my first

532
00:24:45,520 --> 00:24:47,359
Speaker 5: book and then I started you know, that one did

533
00:24:47,400 --> 00:24:49,800
Speaker 5: pretty well. And then I wrote my second book, which

534
00:24:49,840 --> 00:24:51,560
Speaker 5: is What the Fight Go Twelve Steps of Repair on

535
00:24:51,600 --> 00:24:55,920
Speaker 5: your Credit. I realized that people like that book because

536
00:24:56,040 --> 00:25:00,320
Speaker 5: I wrote the way I talked, and my audience didn't

537
00:25:00,320 --> 00:25:03,320
Speaker 5: care about syntax, they didn't care about you know, you know,

538
00:25:04,600 --> 00:25:06,440
Speaker 5: and I don't want to say proper because at the

539
00:25:06,560 --> 00:25:09,159
Speaker 5: end of the day, my goal was to get the

540
00:25:09,280 --> 00:25:11,440
Speaker 5: message out to the people that I needed to get

541
00:25:11,440 --> 00:25:14,399
Speaker 5: the message. And so what I decided to do is like,

542
00:25:14,640 --> 00:25:17,160
Speaker 5: you know what if people are resonated with my writing

543
00:25:17,400 --> 00:25:19,600
Speaker 5: because they like it, you know, I write the way

544
00:25:19,640 --> 00:25:22,520
Speaker 5: I talk, then that's why I started to dictate books.

545
00:25:22,960 --> 00:25:25,720
Speaker 5: After I dictate the book, I then I do send

546
00:25:25,760 --> 00:25:27,399
Speaker 5: it to an editor of it, right, because I'm you know,

547
00:25:27,400 --> 00:25:28,439
Speaker 5: I would dictate what is that?

548
00:25:28,600 --> 00:25:31,080
Speaker 3: What does that mean? So like literally I pulled my

549
00:25:31,119 --> 00:25:31,800
Speaker 3: off phone out.

550
00:25:32,320 --> 00:25:34,919
Speaker 5: I gotta yeah, I got an MV eighty eight and

551
00:25:34,960 --> 00:25:37,159
Speaker 5: I literally so now I got this outline, right, I

552
00:25:37,160 --> 00:25:37,920
Speaker 5: have this outline.

553
00:25:38,160 --> 00:25:39,359
Speaker 3: I know each of the chapters.

554
00:25:39,400 --> 00:25:42,720
Speaker 5: So chapter one, you know, uh, you know, don't spend

555
00:25:42,760 --> 00:25:45,600
Speaker 5: money on the V twelve engine. And so now right,

556
00:25:45,640 --> 00:25:49,600
Speaker 5: and so now I'm literally speaking into my phone as

557
00:25:49,680 --> 00:25:51,840
Speaker 5: if I was teaching it, right, And so as a

558
00:25:51,880 --> 00:25:54,360
Speaker 5: public speaker, you know, if you tell me right now

559
00:25:54,359 --> 00:25:55,800
Speaker 5: I need you to talk about a topic, I could

560
00:25:55,800 --> 00:25:57,560
Speaker 5: get on my feet and talk about the topic. And

561
00:25:57,600 --> 00:26:01,840
Speaker 5: so literally I would just talk into the microphone and

562
00:26:02,000 --> 00:26:04,960
Speaker 5: dictate what you know, what I want people to learn

563
00:26:04,960 --> 00:26:07,960
Speaker 5: from that chapter. The great thing about technology is because

564
00:26:07,960 --> 00:26:12,840
Speaker 5: you have you know, you have uh.

565
00:26:11,880 --> 00:26:13,720
Speaker 3: Not as you have services like fiver.

566
00:26:14,080 --> 00:26:17,760
Speaker 5: Right, you go to fiver and get somebody to translate, right,

567
00:26:17,840 --> 00:26:21,240
Speaker 5: to transcribe what you just said into the written form.

568
00:26:21,760 --> 00:26:24,760
Speaker 3: And so now you go to fiver they transcribe it

569
00:26:24,800 --> 00:26:25,119
Speaker 3: for you.

570
00:26:25,400 --> 00:26:28,000
Speaker 5: Now you have a whole ten pages that you just

571
00:26:28,040 --> 00:26:32,560
Speaker 5: dictated in twenty minutes. Literally in twenty minutes. You got

572
00:26:32,600 --> 00:26:34,520
Speaker 5: cost supposed to cost for that maybe one.

573
00:26:34,520 --> 00:26:37,000
Speaker 3: Hundred dollars, maybe two hundred dollars. You know what I'm saying.

574
00:26:37,320 --> 00:26:39,720
Speaker 3: It depends on how you know how much time, right, and.

575
00:26:39,680 --> 00:26:42,320
Speaker 5: So you know, you get them to to you know,

576
00:26:42,400 --> 00:26:45,840
Speaker 5: to to transcribe it for you and then that that way.

577
00:26:45,960 --> 00:26:49,560
Speaker 5: Now you have this book written or raw form of

578
00:26:49,560 --> 00:26:52,520
Speaker 5: how you talk. You go through it first though, right,

579
00:26:52,840 --> 00:26:54,680
Speaker 5: you go through it, you make sure it reads right.

580
00:26:55,080 --> 00:26:56,840
Speaker 5: You you know, you may have to do some research,

581
00:26:56,920 --> 00:26:59,439
Speaker 5: like so for me, I have to research certain stories. Right,

582
00:26:59,480 --> 00:27:01,919
Speaker 5: So if I'm talking about you know, owning your rights

583
00:27:01,920 --> 00:27:04,040
Speaker 5: and prints, I had to learn. I had to I

584
00:27:04,080 --> 00:27:06,439
Speaker 5: had to talk about Prince's story and you know he

585
00:27:06,480 --> 00:27:08,879
Speaker 5: didn't have a will, and you know what he wanted

586
00:27:08,920 --> 00:27:10,400
Speaker 5: to do with his things, and I need to add

587
00:27:10,480 --> 00:27:12,879
Speaker 5: those things. So those pieces you add later, like the

588
00:27:12,960 --> 00:27:15,560
Speaker 5: research and all that stuff you add later. But the

589
00:27:15,600 --> 00:27:18,640
Speaker 5: main topic your knowledge, what you want people to learn.

590
00:27:18,960 --> 00:27:22,280
Speaker 5: You dictate that. You go through the book and literally

591
00:27:22,320 --> 00:27:22,840
Speaker 5: I think you can.

592
00:27:22,920 --> 00:27:25,800
Speaker 3: You can. You can write and publish a book two

593
00:27:25,800 --> 00:27:26,720
Speaker 3: to three months times.

594
00:27:26,840 --> 00:27:29,640
Speaker 7: And that's been the process from the first second book

595
00:27:29,720 --> 00:27:30,280
Speaker 7: on or no.

596
00:27:30,480 --> 00:27:34,360
Speaker 5: So I started this process. So I'm at I'm at

597
00:27:34,560 --> 00:27:36,960
Speaker 5: seven books, book four to seven.

598
00:27:37,480 --> 00:27:39,800
Speaker 4: I've dictated all all right, So that's how you actually

599
00:27:39,800 --> 00:27:42,480
Speaker 4: write the book. Yeah, Now the next step of actually

600
00:27:42,520 --> 00:27:44,359
Speaker 4: publishing a book getting it out there?

601
00:27:45,160 --> 00:27:46,200
Speaker 3: What's that? Yeah?

602
00:27:46,240 --> 00:27:50,080
Speaker 5: So publishing the book is literally going through Amazon, right,

603
00:27:50,119 --> 00:27:53,240
Speaker 5: and so you know Amazon used to have a company

604
00:27:53,240 --> 00:27:55,600
Speaker 5: called create Space, but they all kind of merged it

605
00:27:55,680 --> 00:27:58,359
Speaker 5: now into their their kind Kindle.

606
00:27:58,440 --> 00:27:59,000
Speaker 3: So if you go to.

607
00:27:58,960 --> 00:28:02,359
Speaker 5: Amazon KDP dot com, so it's like can do direct

608
00:28:02,359 --> 00:28:06,959
Speaker 5: publishing is the name of the company. Literally, Uh, you

609
00:28:07,000 --> 00:28:09,600
Speaker 5: would go? So I use five again, right, so I

610
00:28:09,640 --> 00:28:10,760
Speaker 5: get a book cover done?

611
00:28:10,800 --> 00:28:12,679
Speaker 3: So can you playing with Fiver? I just heard that

612
00:28:12,720 --> 00:28:14,120
Speaker 3: company book can you plain? Oh? Yeah?

613
00:28:14,119 --> 00:28:19,280
Speaker 5: So Fiver is a marketplace for any service that you need,

614
00:28:19,320 --> 00:28:22,080
Speaker 5: graphic designers, anything.

615
00:28:21,760 --> 00:28:23,960
Speaker 3: You need, you need, freelance, yeah, freelance.

616
00:28:23,560 --> 00:28:27,800
Speaker 5: People, right, And so the great thing about Fiver is

617
00:28:27,800 --> 00:28:32,120
Speaker 5: that Fiver has freelancers from all over the world. And

618
00:28:32,160 --> 00:28:36,879
Speaker 5: so in someone in Indonesia who is a graphic designer

619
00:28:37,000 --> 00:28:39,160
Speaker 5: is not going to charge you one thousand dollars for

620
00:28:39,160 --> 00:28:41,800
Speaker 5: a book cover. They're literally gonna charge you ten to

621
00:28:41,920 --> 00:28:45,600
Speaker 5: fifteen dollars or twenty dollars or thirty dollars something that

622
00:28:45,640 --> 00:28:47,760
Speaker 5: we look at all this is nothing, but for them,

623
00:28:48,160 --> 00:28:50,160
Speaker 5: you know, the course of living is so low, so

624
00:28:50,200 --> 00:28:52,600
Speaker 5: that's a lot of money for them, right, And so

625
00:28:52,720 --> 00:28:55,480
Speaker 5: I use fiver to create you know, I use a

626
00:28:55,520 --> 00:28:59,840
Speaker 5: graphic designer on Fiver. I literally never paid more than

627
00:28:59,880 --> 00:29:02,600
Speaker 5: fifty dollars for a book cover after I use Fiver

628
00:29:03,080 --> 00:29:04,800
Speaker 5: and my book covers. If you if you go to

629
00:29:04,840 --> 00:29:07,040
Speaker 5: Amazon right now, you look at all of my book covers.

630
00:29:07,160 --> 00:29:09,920
Speaker 5: They all look professional. They're all done, you know, with

631
00:29:10,080 --> 00:29:13,680
Speaker 5: top quality. But I'm paying fifty dollars for that. You

632
00:29:13,760 --> 00:29:16,760
Speaker 5: also can go to fiber right so once you are

633
00:29:16,880 --> 00:29:19,080
Speaker 5: you finished writing the book, you get somebody to edit

634
00:29:19,080 --> 00:29:21,760
Speaker 5: the book for you. Uh, there's a layout design, right,

635
00:29:21,800 --> 00:29:23,280
Speaker 5: so when you look at the book, the book has

636
00:29:23,320 --> 00:29:26,000
Speaker 5: to be laid out somehow. I use fiber for that

637
00:29:26,080 --> 00:29:28,280
Speaker 5: as well. I go to fiver. Wait, hold on, let

638
00:29:28,320 --> 00:29:33,720
Speaker 5: me stop giving them plug sponsor dollar cut the yeah,

639
00:29:33,760 --> 00:29:36,160
Speaker 5: come and check fiveer cut. So you can go to

640
00:29:36,200 --> 00:29:39,600
Speaker 5: any but but but you know, like you could, you

641
00:29:39,600 --> 00:29:44,320
Speaker 5: could literally, you know, get somebody to design the inside

642
00:29:44,360 --> 00:29:45,680
Speaker 5: of the book for you as well.

643
00:29:46,280 --> 00:29:48,240
Speaker 3: And that's how you get the professional look, right.

644
00:29:48,280 --> 00:29:51,640
Speaker 5: And so once you have your cover, your cover file,

645
00:29:52,040 --> 00:29:55,479
Speaker 5: you have your your inside file, you then upload that

646
00:29:55,640 --> 00:29:59,840
Speaker 5: to Kindle Direct Publishing. And there's a couple of things

647
00:29:59,840 --> 00:30:03,400
Speaker 5: that that happens with that right number one. Once you uploaded,

648
00:30:03,560 --> 00:30:05,520
Speaker 5: you write, you know you you put your title in,

649
00:30:05,720 --> 00:30:08,480
Speaker 5: you put the subtitle, you put your name, your bio,

650
00:30:08,640 --> 00:30:10,800
Speaker 5: you put all that stuff in, and that's how it's

651
00:30:10,800 --> 00:30:14,560
Speaker 5: gonna be populated into Amazon dot com and ready for sale.

652
00:30:15,400 --> 00:30:19,080
Speaker 5: The only sort of caveat to that is that Kindle

653
00:30:19,160 --> 00:30:21,720
Speaker 5: Direct Publishing will give you an ISBN number, right, And

654
00:30:21,760 --> 00:30:24,640
Speaker 5: so your i SBN number is your is the book

655
00:30:24,640 --> 00:30:27,440
Speaker 5: where people search the book as your barcode. And so

656
00:30:27,720 --> 00:30:31,560
Speaker 5: if you go through Amazon to get an ISBN number,

657
00:30:32,360 --> 00:30:36,080
Speaker 5: when you go to Amazon, it's going to show Amazon

658
00:30:36,200 --> 00:30:39,640
Speaker 5: is gonna say you independently published this book, right, Or

659
00:30:40,040 --> 00:30:44,280
Speaker 5: you can buy your own ISBN number, which is if

660
00:30:44,280 --> 00:30:47,560
Speaker 5: you go to Bowkers. So Balker's is the company that

661
00:30:47,680 --> 00:30:50,880
Speaker 5: offers ISBN numbers and that's what identifies your book. If

662
00:30:50,920 --> 00:30:53,640
Speaker 5: you go to buy Bokers and I think the website

663
00:30:53,720 --> 00:30:56,760
Speaker 5: is my Identifiers dot Com, you can actually buy your

664
00:30:56,800 --> 00:30:58,120
Speaker 5: own ISBN number.

665
00:30:58,360 --> 00:30:59,680
Speaker 3: Why is that important? Right?

666
00:31:00,520 --> 00:31:05,760
Speaker 5: It's important because for me as a speaker, as somebody

667
00:31:05,800 --> 00:31:09,120
Speaker 5: who you know, my books are are how I teach

668
00:31:09,160 --> 00:31:12,280
Speaker 5: the people. But it also is a way like a

669
00:31:12,320 --> 00:31:15,120
Speaker 5: resume that lets me in so people could book me

670
00:31:15,200 --> 00:31:18,239
Speaker 5: for speaking engagements, people book me for media, you know,

671
00:31:18,360 --> 00:31:20,920
Speaker 5: media opportunities, things of that nature, which give me more

672
00:31:21,000 --> 00:31:25,480
Speaker 5: visibility to some more books. For some reason, there's still

673
00:31:25,520 --> 00:31:29,040
Speaker 5: this negative taboo on self published office and so if

674
00:31:29,080 --> 00:31:32,840
Speaker 5: I use Amazon to to give me my ISVN number,

675
00:31:33,120 --> 00:31:36,200
Speaker 5: it's gonna show that I'm independently published and people are

676
00:31:36,240 --> 00:31:36,800
Speaker 5: not gonna.

677
00:31:36,560 --> 00:31:37,880
Speaker 3: Take me as serious. Serious.

678
00:31:38,080 --> 00:31:40,560
Speaker 5: So what I do is I go to Bowker's and

679
00:31:40,600 --> 00:31:44,120
Speaker 5: I buy my own ISVN number under my own company

680
00:31:44,160 --> 00:31:47,440
Speaker 5: called One Brick Publishing. Right, so all of my books

681
00:31:47,480 --> 00:31:51,760
Speaker 5: have been distributed under One Brick Publishing. The reason why

682
00:31:51,760 --> 00:31:54,400
Speaker 5: it's One Brick Publishing and it's not Ash Cash Publishing

683
00:31:54,720 --> 00:31:56,640
Speaker 5: is because I want you to I don't want you

684
00:31:56,760 --> 00:31:59,320
Speaker 5: to be like, oh, Ash Cash.

685
00:31:59,040 --> 00:32:02,200
Speaker 3: The same guy as doing another lot. It always looks

686
00:32:02,240 --> 00:32:03,760
Speaker 3: better if it's AIG exactly.

687
00:32:03,920 --> 00:32:06,600
Speaker 5: So now people are like yo. I literally get people

688
00:32:06,600 --> 00:32:07,960
Speaker 5: to hit me like yo, can you connect me with

689
00:32:08,000 --> 00:32:08,800
Speaker 5: one brick publisher?

690
00:32:09,920 --> 00:32:10,080
Speaker 3: Back?

691
00:32:10,280 --> 00:32:13,600
Speaker 5: It sound dope, And honestly, you know what one brick

692
00:32:13,680 --> 00:32:15,960
Speaker 5: Publishing is because back in the days, I used to

693
00:32:16,040 --> 00:32:17,160
Speaker 5: move those bricks.

694
00:32:18,560 --> 00:32:23,760
Speaker 3: Brick publisher out of time. So that's where that's where,

695
00:32:23,840 --> 00:32:25,000
Speaker 3: that's where I got it.

696
00:32:25,000 --> 00:32:27,200
Speaker 5: From Actually, I was watching a Will Smith story and

697
00:32:27,200 --> 00:32:29,920
Speaker 5: Will Smith was giving his example about how him and

698
00:32:29,960 --> 00:32:31,240
Speaker 5: his brother got you know.

699
00:32:32,400 --> 00:32:33,120
Speaker 3: Earners, what's up?

700
00:32:33,200 --> 00:32:35,719
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701
00:32:35,840 --> 00:32:39,040
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702
00:32:39,560 --> 00:32:42,520
Speaker 7: tipping is a breeze, and you're out the door before

703
00:32:42,560 --> 00:32:46,720
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704
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705
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715
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716
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717
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Speaker 5: Just Pops tore down this wall and told them to

748
00:35:23,560 --> 00:35:25,560
Speaker 5: rebuild the wall, and they were looking like, yoh, I'm

749
00:35:25,600 --> 00:35:27,680
Speaker 5: anna rebuild the wall. They said, yo, build it one

750
00:35:27,680 --> 00:35:29,400
Speaker 5: brick at a time, and if you make sure that

751
00:35:29,480 --> 00:35:31,640
Speaker 5: this is the best brick possible, then you'll have a

752
00:35:31,640 --> 00:35:33,640
Speaker 5: good wall. So I was like, oh, that's a dope story.

753
00:35:33,920 --> 00:35:35,440
Speaker 5: Then that's what I'm gonna do. I'm gonna build a

754
00:35:35,440 --> 00:35:38,520
Speaker 5: publishing company one brick at a time. And so now

755
00:35:38,719 --> 00:35:40,879
Speaker 5: when you look at my books, they're all published by

756
00:35:40,880 --> 00:35:43,879
Speaker 5: one brick. And the reason why that's important because now

757
00:35:43,880 --> 00:35:46,520
Speaker 5: when people are looking for somebody, looking for experts, they're

758
00:35:46,560 --> 00:35:49,360
Speaker 5: looking for people, uh, they're gonna see everything.

759
00:35:49,480 --> 00:35:50,839
Speaker 3: You know, everything's professional.

760
00:35:52,080 --> 00:35:56,040
Speaker 5: It gives this, you know, illusion that you're signed to

761
00:35:56,120 --> 00:35:58,960
Speaker 5: a publishing house and people will take you more serious

762
00:35:59,000 --> 00:35:59,239
Speaker 5: from that.

763
00:35:59,360 --> 00:36:01,480
Speaker 3: Now that's the dope before I just want to see

764
00:36:02,280 --> 00:36:05,520
Speaker 3: you're early leadship man, we give out not fast game

765
00:36:05,640 --> 00:36:06,200
Speaker 3: fact like.

766
00:36:06,239 --> 00:36:10,080
Speaker 4: Yo, honestly, we might have to start charging for myself.

767
00:36:10,719 --> 00:36:13,360
Speaker 3: It's a little different. C's getting crazy. It's crazy.

768
00:36:13,360 --> 00:36:15,399
Speaker 7: So you have you haven't done an audio book yet,

769
00:36:15,440 --> 00:36:18,360
Speaker 7: right about? You haven't off a book, So is it

770
00:36:18,440 --> 00:36:20,680
Speaker 7: the same process? Like, so if I you do it

771
00:36:20,719 --> 00:36:22,960
Speaker 7: through I'm not gonna say the companies. Yeah, right, you

772
00:36:23,000 --> 00:36:25,080
Speaker 7: send it to an editor. Now they tell you what

773
00:36:25,160 --> 00:36:26,840
Speaker 7: you need to say, and you do it through the audio.

774
00:36:26,840 --> 00:36:28,840
Speaker 3: No so so, so way I do the audios?

775
00:36:29,360 --> 00:36:31,200
Speaker 5: And that was that was another thing, right, So I

776
00:36:31,280 --> 00:36:33,960
Speaker 5: was like, so I make I make a living off

777
00:36:34,000 --> 00:36:35,480
Speaker 5: a book, so you know what I'm saying. And what

778
00:36:35,560 --> 00:36:39,279
Speaker 5: I realized was that you know, and it happened and

779
00:36:39,320 --> 00:36:41,759
Speaker 5: I went backwards because when I put out the j book,

780
00:36:41,800 --> 00:36:45,120
Speaker 5: the four forty four book, I had uber drivers like, yo, bro,

781
00:36:45,400 --> 00:36:47,239
Speaker 5: I need this book, but I'm in my uber all

782
00:36:47,320 --> 00:36:50,880
Speaker 5: day and I'm like, oh, and so I kept forgetting

783
00:36:50,920 --> 00:36:53,719
Speaker 5: about the market of people who are the drive who

784
00:36:53,840 --> 00:36:57,520
Speaker 5: don't have time right or not pick up a physical book.

785
00:36:58,040 --> 00:37:01,279
Speaker 5: And so literally like fashion the garage band, Like I

786
00:37:01,360 --> 00:37:05,160
Speaker 5: literally recorded my audio books right right, you know what

787
00:37:05,160 --> 00:37:07,479
Speaker 5: I'm saying, Like I literally you know what I'm saying,

788
00:37:07,640 --> 00:37:11,400
Speaker 5: like like recording my books on garage band once to

789
00:37:12,280 --> 00:37:14,520
Speaker 5: and I like I read the book. So I'm literally

790
00:37:14,560 --> 00:37:17,800
Speaker 5: like reading the book once it's done. Even if I

791
00:37:17,880 --> 00:37:19,440
Speaker 5: mess up with whatever the case may be, to get

792
00:37:19,480 --> 00:37:22,279
Speaker 5: get everything right, I send it to somebody on on

793
00:37:22,480 --> 00:37:25,520
Speaker 5: that company again and you can look for you know,

794
00:37:25,600 --> 00:37:27,840
Speaker 5: you know, audio edit to whatever the case may be.

795
00:37:28,239 --> 00:37:28,359
Speaker 3: Uh.

796
00:37:28,400 --> 00:37:30,920
Speaker 5: They edited, they even take out the dead air, so

797
00:37:31,040 --> 00:37:33,759
Speaker 5: like like sometimes if it doesn't sound right and there's

798
00:37:33,760 --> 00:37:36,080
Speaker 5: dead air, they take they like they edited compress it.

799
00:37:36,960 --> 00:37:40,120
Speaker 5: I mean you you know you listen to it. All freelance, right, yeah,

800
00:37:40,160 --> 00:37:42,799
Speaker 5: all freelance. Yeah, all these people are freelance. And then

801
00:37:42,880 --> 00:37:44,919
Speaker 5: there's a company called a c X. It's all owned

802
00:37:44,920 --> 00:37:48,680
Speaker 5: by Amazon. Amazon run things. So yeah, they run things.

803
00:37:48,840 --> 00:37:53,040
Speaker 5: So a c X right, a a c X dot com. Uh,

804
00:37:53,080 --> 00:37:56,640
Speaker 5: if you go to them, now, you upload your file,

805
00:37:56,719 --> 00:37:59,080
Speaker 5: you put the title and all that stuff, and then

806
00:37:59,160 --> 00:38:02,239
Speaker 5: they distribute the book to audible dot com and iTunes

807
00:38:02,560 --> 00:38:04,759
Speaker 5: and so now if you look look for my book

808
00:38:04,800 --> 00:38:07,080
Speaker 5: on audio, you'll see it on audible, You'll see it

809
00:38:07,120 --> 00:38:07,719
Speaker 5: on iTunes.

810
00:38:07,760 --> 00:38:10,640
Speaker 3: And that's how I do audio books. They do for free. Yeah.

811
00:38:10,719 --> 00:38:13,600
Speaker 5: So so the so the thing about Amazon and a

812
00:38:13,719 --> 00:38:16,080
Speaker 5: c X and on these people, it's print on demand, right,

813
00:38:16,760 --> 00:38:19,360
Speaker 5: which means that it's all consignment. So it's not like

814
00:38:19,440 --> 00:38:21,400
Speaker 5: you don't have to pay anything. They just take a

815
00:38:21,400 --> 00:38:22,720
Speaker 5: percentage of what's being sold.

816
00:38:23,120 --> 00:38:24,759
Speaker 3: Right. I was gonna ask you that because somebody else

817
00:38:25,080 --> 00:38:28,600
Speaker 3: try My man I M P O P. Steve. Yeah,

818
00:38:28,600 --> 00:38:31,200
Speaker 3: he wrote a book and that's my guy too. Yeah. Yeah.

819
00:38:32,040 --> 00:38:32,960
Speaker 3: I spoke to them and.

820
00:38:32,920 --> 00:38:34,719
Speaker 4: He was saying that, like you said, because I was

821
00:38:34,719 --> 00:38:36,960
Speaker 4: asking him, like, what if you have like a thousand

822
00:38:37,000 --> 00:38:38,799
Speaker 4: books and they're not selling. He was like, well, they

823
00:38:38,800 --> 00:38:41,880
Speaker 4: only print the books as you want it. If you

824
00:38:41,920 --> 00:38:43,920
Speaker 4: go into a show, you can have like one hundred books,

825
00:38:43,920 --> 00:38:46,680
Speaker 4: but until then it's ordered and then when they actually

826
00:38:46,840 --> 00:38:47,759
Speaker 4: order it, then they'll print it.

827
00:38:47,840 --> 00:38:48,280
Speaker 3: Can you explain.

828
00:38:48,800 --> 00:38:50,680
Speaker 5: Yeah, So it's so it's the dopest thing. And that's

829
00:38:50,680 --> 00:38:54,000
Speaker 5: why I think. And it's two different business models, right.

830
00:38:54,520 --> 00:38:56,759
Speaker 5: I'm not of the thinking that one is better than

831
00:38:56,760 --> 00:38:58,880
Speaker 5: the other. Do what works for you, right, Because we

832
00:38:58,960 --> 00:39:02,360
Speaker 5: all know Eric Tom, the hip hop preacher, when he

833
00:39:02,400 --> 00:39:04,120
Speaker 5: came out with his book, he did not put it

834
00:39:04,160 --> 00:39:06,800
Speaker 5: on Amazon, right, He sold them straight out his garage.

835
00:39:06,840 --> 00:39:09,600
Speaker 3: He did all that, right. And you know, obviously you

836
00:39:09,680 --> 00:39:10,480
Speaker 3: keep the lion share.

837
00:39:10,640 --> 00:39:14,120
Speaker 5: But if you have the capital upfront to do that,

838
00:39:14,239 --> 00:39:16,080
Speaker 5: to buy the books and do all that stuff, then

839
00:39:16,120 --> 00:39:19,600
Speaker 5: that's fine. Or if you have the you know, if

840
00:39:19,640 --> 00:39:22,360
Speaker 5: people are reaching out to you, right you have the demand,

841
00:39:22,640 --> 00:39:25,440
Speaker 5: then that makes sense. But if somebody's just starting out,

842
00:39:25,480 --> 00:39:27,840
Speaker 5: I literally write like I can literally put out a

843
00:39:27,840 --> 00:39:30,480
Speaker 5: book for less than five hundred dollars, right, because all

844
00:39:30,480 --> 00:39:32,520
Speaker 5: I'm telling you is that all I need is the

845
00:39:32,520 --> 00:39:35,040
Speaker 5: person to do to cover for me. I need an editor,

846
00:39:35,239 --> 00:39:37,200
Speaker 5: and I need somebody to do the design for me.

847
00:39:37,239 --> 00:39:39,360
Speaker 5: And then now I have the book out, what happens

848
00:39:39,440 --> 00:39:41,120
Speaker 5: is I set the price. Right, So let's say I

849
00:39:41,120 --> 00:39:42,320
Speaker 5: want I want to charge you know, I want to

850
00:39:42,400 --> 00:39:44,640
Speaker 5: charge fourteen ninety nine for my books. I put it

851
00:39:44,640 --> 00:39:47,920
Speaker 5: out on Amazon for fourteen ninety nine and so so,

852
00:39:47,920 --> 00:39:50,680
Speaker 5: so I don't have to pay anything at all. Every

853
00:39:50,760 --> 00:39:54,560
Speaker 5: time somebody orders a book Amazon, they take care of

854
00:39:54,560 --> 00:39:57,719
Speaker 5: the printing and so they minus the printing course, and

855
00:39:57,760 --> 00:40:00,760
Speaker 5: so you know, a book like this, you know, probably

856
00:40:00,840 --> 00:40:04,000
Speaker 5: probably cost you about two dollars and fifty cents to print,

857
00:40:04,400 --> 00:40:06,360
Speaker 5: and so they take out that two dollars and fifty

858
00:40:06,360 --> 00:40:08,960
Speaker 5: cent from that fourteen ninety nine, and then just to

859
00:40:09,120 --> 00:40:12,480
Speaker 5: have put it on their platform, they might take twenty

860
00:40:12,480 --> 00:40:15,200
Speaker 5: to forty percent of that and then you get the difference.

861
00:40:15,640 --> 00:40:17,960
Speaker 5: And so that's how it works where you could sell

862
00:40:18,000 --> 00:40:20,160
Speaker 5: a thousand books, but you don't ever have to worry

863
00:40:20,160 --> 00:40:23,800
Speaker 5: about keeping you know, you know, inventory in your trunk

864
00:40:23,920 --> 00:40:24,879
Speaker 5: or anything like that.

865
00:40:25,200 --> 00:40:27,319
Speaker 3: I mean for me as a speaker. And that's the

866
00:40:27,360 --> 00:40:28,240
Speaker 3: great thing about.

867
00:40:28,040 --> 00:40:30,799
Speaker 5: It too, is that you know, when I when when

868
00:40:30,840 --> 00:40:34,239
Speaker 5: people buy books on Amazon, I get I get a

869
00:40:34,280 --> 00:40:35,880
Speaker 5: check from them each month right at the end of

870
00:40:35,920 --> 00:40:38,680
Speaker 5: the month. But when I do speaking engagements, I'm not

871
00:40:39,000 --> 00:40:41,200
Speaker 5: you know, I'm I'm ordering my books from them.

872
00:40:41,520 --> 00:40:42,279
Speaker 3: And think about it.

873
00:40:42,960 --> 00:40:44,960
Speaker 5: If I print out this book and it cost me

874
00:40:45,000 --> 00:40:47,520
Speaker 5: two dollars and fifty cent, I'm selling it to you

875
00:40:47,600 --> 00:40:50,279
Speaker 5: hand in hand ten dollars. So I'm still making seven

876
00:40:50,320 --> 00:40:52,440
Speaker 5: dollars and fifty cent and I had to put up no,

877
00:40:53,000 --> 00:40:54,640
Speaker 5: you know, like I had to put up the two

878
00:40:54,760 --> 00:40:57,160
Speaker 5: fifty up front to get it, but I don already know.

879
00:40:57,280 --> 00:40:59,279
Speaker 5: Oh I'm about to go to the speaking engagement or

880
00:40:59,400 --> 00:41:00,399
Speaker 5: you know, I'm about to speak at.

881
00:41:00,360 --> 00:41:02,600
Speaker 3: The school and the school wants X amount of copies.

882
00:41:02,800 --> 00:41:06,839
Speaker 5: And so it's really a low overhead way to make

883
00:41:06,920 --> 00:41:09,680
Speaker 5: money by not having to keep that keep a lot

884
00:41:09,680 --> 00:41:12,720
Speaker 5: of a lot of the reve or inventory in your trunk,

885
00:41:12,800 --> 00:41:15,200
Speaker 5: you know, in your garage. Because I remember my first book,

886
00:41:15,520 --> 00:41:17,839
Speaker 5: like those books were collecting dusk. I was like, hype,

887
00:41:18,120 --> 00:41:19,560
Speaker 5: you know, I put the money out of the front.

888
00:41:20,080 --> 00:41:22,640
Speaker 5: Let me get a thousand copies. I'm thinking that they're

889
00:41:22,680 --> 00:41:24,560
Speaker 5: gonna sell out and I'm gonna sitting there look at

890
00:41:24,600 --> 00:41:26,440
Speaker 5: these like blowing dust off of them.

891
00:41:26,480 --> 00:41:27,440
Speaker 3: You know what I'm saying? We got, we got.

892
00:41:27,480 --> 00:41:28,920
Speaker 7: I mean it's pretty similar to us. Like a lot

893
00:41:28,920 --> 00:41:30,960
Speaker 7: of times we go places and people ask us like, yo,

894
00:41:31,400 --> 00:41:32,360
Speaker 7: can I get a shirt?

895
00:41:32,360 --> 00:41:32,680
Speaker 3: A shirt?

896
00:41:32,680 --> 00:41:35,200
Speaker 7: And we're like, well, we really gonna carry the shirt, right,

897
00:41:35,760 --> 00:41:37,800
Speaker 7: we got a copy that you order them online. You

898
00:41:37,880 --> 00:41:39,560
Speaker 7: go to our website, you can get them. We don't

899
00:41:39,600 --> 00:41:42,040
Speaker 7: walk around with inventory, right, because like who wants to.

900
00:41:41,960 --> 00:41:45,360
Speaker 5: Be stuck with E five hundred exactly and right and

901
00:41:45,719 --> 00:41:48,880
Speaker 5: exactly putting out that upfront capital and then having to

902
00:41:49,000 --> 00:41:52,280
Speaker 5: wait or hustle your way to get rid of that inventory,

903
00:41:52,320 --> 00:41:54,800
Speaker 5: opposed to just saying, you know what, if the demand

904
00:41:54,920 --> 00:41:56,799
Speaker 5: is there, let me put it out there. And if

905
00:41:56,840 --> 00:41:59,240
Speaker 5: the demand is there, it's a win win for everybody.

906
00:41:59,239 --> 00:42:01,080
Speaker 5: And that's why I like that that business model.

907
00:42:02,200 --> 00:42:06,359
Speaker 4: And all right, so for independent authors, how does that work?

908
00:42:06,400 --> 00:42:07,920
Speaker 4: As far as different, Like if you signed to a

909
00:42:07,960 --> 00:42:12,000
Speaker 4: major public kit like Simon and Schuster that it's like

910
00:42:12,040 --> 00:42:14,680
Speaker 4: I think Charlamage because he actually Charlomagne, he spoke about

911
00:42:14,680 --> 00:42:17,360
Speaker 4: that where he signed to Solomon Schuster and.

912
00:42:18,040 --> 00:42:19,680
Speaker 3: He did the book Black Privilege.

913
00:42:19,680 --> 00:42:23,319
Speaker 4: Then Think did another book and he was saying he

914
00:42:23,400 --> 00:42:25,440
Speaker 4: was like, you know what, I should have just did

915
00:42:25,480 --> 00:42:26,640
Speaker 4: this myself.

916
00:42:26,239 --> 00:42:28,120
Speaker 3: And he would have killed it he did. So, like,

917
00:42:28,120 --> 00:42:29,799
Speaker 3: what's the like, is it like a record deal like

918
00:42:29,800 --> 00:42:32,560
Speaker 3: they take? Exactly, It's exactly like it. It's exactly like

919
00:42:32,560 --> 00:42:33,120
Speaker 3: a record deal.

920
00:42:33,440 --> 00:42:37,640
Speaker 5: So so pretty much it's exactly like a record pretty much.

921
00:42:37,800 --> 00:42:40,960
Speaker 3: Simon and Schuster says, oh you hot, right now, all.

922
00:42:40,960 --> 00:42:42,839
Speaker 5: Right, I'm gonna put out this book and I'm gonna

923
00:42:42,840 --> 00:42:45,080
Speaker 5: give you points off the book, right and so if

924
00:42:45,120 --> 00:42:46,920
Speaker 5: I sell the book for ten dollars, I'll give you

925
00:42:46,920 --> 00:42:48,879
Speaker 5: a dog like and then numbers of it, like it's

926
00:42:48,920 --> 00:42:51,600
Speaker 5: so archaic, like their numbers are probably still that. Right,

927
00:42:51,600 --> 00:42:53,480
Speaker 5: if they sell a book for ten dollars, you probably

928
00:42:53,480 --> 00:42:56,680
Speaker 5: still only get one dollar off of every book you sell.

929
00:42:56,920 --> 00:42:59,280
Speaker 3: Right, he has two number one best sellers exactly.

930
00:42:59,320 --> 00:43:02,480
Speaker 5: And so what happened is, you know, they definitely gave

931
00:43:02,560 --> 00:43:05,320
Speaker 5: him an advance because of who he is, Right, So

932
00:43:05,680 --> 00:43:08,320
Speaker 5: what happens is they but they give him this advance,

933
00:43:08,560 --> 00:43:11,040
Speaker 5: They say, here's this money up front, and then whatever

934
00:43:11,080 --> 00:43:13,520
Speaker 5: we sell you get, you know, like we deduct that

935
00:43:13,640 --> 00:43:17,319
Speaker 5: from the advance and you'll get royalties forever. Right, you'll

936
00:43:17,320 --> 00:43:20,440
Speaker 5: get a dollar off every book you sell forever. But

937
00:43:20,480 --> 00:43:23,480
Speaker 5: who gets that nine dollars? Right, it's Simon and Schuster.

938
00:43:25,600 --> 00:43:28,360
Speaker 5: He's a big enough name that if he self published

939
00:43:28,360 --> 00:43:31,160
Speaker 5: the book himself, he would have kept the line share

940
00:43:31,200 --> 00:43:33,319
Speaker 5: of that. And that's why I love being a self

941
00:43:33,320 --> 00:43:36,399
Speaker 5: published author, right, because that's exactly that. When I first

942
00:43:36,680 --> 00:43:39,360
Speaker 5: wrote my book, I knew that I have direct access

943
00:43:39,800 --> 00:43:42,799
Speaker 5: to my consumer through Twitter, and then Instagram came and

944
00:43:42,840 --> 00:43:46,319
Speaker 5: then Facebook to the point and I'm not even done yet,

945
00:43:46,320 --> 00:43:48,440
Speaker 5: Like I haven't even hit the height of where I

946
00:43:48,520 --> 00:43:52,400
Speaker 5: know I'll be but imagine that right the moment where

947
00:43:52,440 --> 00:43:56,200
Speaker 5: millions of people know that ash Cash chiefes financial education

948
00:43:56,520 --> 00:43:58,359
Speaker 5: and people say, wow, he got these books. I want

949
00:43:58,400 --> 00:44:00,200
Speaker 5: to learn about credit? Where can I go? I want

950
00:44:00,200 --> 00:44:02,319
Speaker 5: to learn about this? And they go and get all

951
00:44:02,360 --> 00:44:04,480
Speaker 5: of these books. I eat off that forever.

952
00:44:05,160 --> 00:44:05,759
Speaker 3: You know what I'm saying.

953
00:44:06,360 --> 00:44:08,720
Speaker 4: But this intellectual probably, and like you said two off camera,

954
00:44:08,840 --> 00:44:10,560
Speaker 4: is like, that's something that stays.

955
00:44:10,760 --> 00:44:11,799
Speaker 3: That's a cataalog like music.

956
00:44:12,480 --> 00:44:13,880
Speaker 4: Even when Nipsey, A lot of people just got up

957
00:44:13,880 --> 00:44:15,520
Speaker 4: on Nipsey last year with his last album, but he

958
00:44:15,520 --> 00:44:17,880
Speaker 4: had a Body of Work mixtape before that. So when

959
00:44:17,880 --> 00:44:19,920
Speaker 4: they heard Victory Lap, they were so impressed with it,

960
00:44:20,080 --> 00:44:22,400
Speaker 4: and it's like, Okay, let me go back to Bulletain,

961
00:44:22,480 --> 00:44:24,160
Speaker 4: got no names on it and all the other stuff

962
00:44:24,200 --> 00:44:26,759
Speaker 4: that he did early on. But you already have that

963
00:44:26,840 --> 00:44:29,080
Speaker 4: music since. Even Chris Gotti said that on our interview

964
00:44:29,080 --> 00:44:31,399
Speaker 4: with him, when he was like, once the music is dead,

965
00:44:31,440 --> 00:44:34,360
Speaker 4: it should be there forever because DMX is still going

966
00:44:34,440 --> 00:44:36,480
Speaker 4: to make money if somebody buys. It's dark and hell

967
00:44:36,560 --> 00:44:38,640
Speaker 4: is exactly it came out fifteen years exactly.

968
00:44:38,640 --> 00:44:41,160
Speaker 7: It's like they had the Wall Street Jonna actually published

969
00:44:41,160 --> 00:44:43,360
Speaker 7: this article on slick Rick and how a lot of that.

970
00:44:43,480 --> 00:44:44,800
Speaker 7: He is the most sample song in the history of

971
00:44:44,880 --> 00:44:46,960
Speaker 7: hip hop. And he still makes money off it, yep,

972
00:44:47,000 --> 00:44:48,560
Speaker 7: but not as much as he could have. Right, he

973
00:44:48,680 --> 00:44:49,520
Speaker 7: still is YO.

974
00:44:49,600 --> 00:44:51,279
Speaker 5: Think about this, and I think I would to say

975
00:44:51,280 --> 00:44:53,040
Speaker 5: I wrote it in the four to forty four book

976
00:44:53,080 --> 00:44:56,520
Speaker 5: I talked about with the Houston right when Bodyguard came out.

977
00:44:57,080 --> 00:45:00,640
Speaker 5: I Will Always Love You her biggest record ever. Right,

978
00:45:01,440 --> 00:45:04,279
Speaker 5: Dolly Parton wrote it. She made the least amount of

979
00:45:04,280 --> 00:45:06,120
Speaker 5: money from it. Whitney used to make the least amount

980
00:45:06,120 --> 00:45:06,799
Speaker 5: of money from it.

981
00:45:06,719 --> 00:45:09,400
Speaker 3: Dolly Partner. It's a sample, she wrote her. This is

982
00:45:09,440 --> 00:45:11,759
Speaker 3: her song. It's her. I think she actually performed it

983
00:45:11,800 --> 00:45:13,759
Speaker 3: before too. It's a remake and remake of the song,

984
00:45:13,840 --> 00:45:15,000
Speaker 3: right and so she.

985
00:45:15,160 --> 00:45:19,040
Speaker 5: So, so you know now Whitney Houston, you know, crossed over.

986
00:45:19,280 --> 00:45:21,600
Speaker 5: She has this movie with Kevin Costner and all these

987
00:45:21,600 --> 00:45:23,440
Speaker 5: people are like, oh my god, I Will Always Love You.

988
00:45:23,520 --> 00:45:26,319
Speaker 3: I think. I think it's so forty two million. They're

989
00:45:26,320 --> 00:45:26,920
Speaker 3: crazy numbers.

990
00:45:26,920 --> 00:45:28,839
Speaker 7: And she had, I mean, thankfully for her, she had

991
00:45:28,880 --> 00:45:30,600
Speaker 7: like three other number ones off the sound.

992
00:45:31,040 --> 00:45:33,080
Speaker 3: The biggest one was always you know what I'm saying.

993
00:45:33,200 --> 00:45:36,360
Speaker 5: So and so the point is as as the Honorable

994
00:45:36,440 --> 00:45:40,920
Speaker 5: Sean Carter says, until you own your right, until you

995
00:45:40,960 --> 00:45:42,920
Speaker 5: own your own you can't be free. It's about it's

996
00:45:42,920 --> 00:45:47,360
Speaker 5: about ownership. And you know, again, you have to believe

997
00:45:47,400 --> 00:45:49,879
Speaker 5: in yourself right. And a lot of times people are

998
00:45:49,880 --> 00:45:51,560
Speaker 5: gonna say, yo, you know what, I'm gonna take it.

999
00:45:51,840 --> 00:45:54,799
Speaker 5: I mean, you know, sometimes people will sell their intellectual

1000
00:45:54,840 --> 00:45:57,000
Speaker 5: property because they want to put it in the door,

1001
00:45:57,000 --> 00:45:59,160
Speaker 5: they want to do certain things. But if you believe

1002
00:45:59,360 --> 00:46:02,799
Speaker 5: that you're information is gold. If you believe, or if

1003
00:46:02,800 --> 00:46:05,000
Speaker 5: somebody else believes, and they're willing to pay you for it,

1004
00:46:05,160 --> 00:46:08,000
Speaker 5: sometimes waiting it out right, like master P said. Master

1005
00:46:08,080 --> 00:46:10,000
Speaker 5: P was like, yo, they when once they offered me

1006
00:46:10,040 --> 00:46:13,600
Speaker 5: a million dollars, I realized I knew I was worth

1007
00:46:14,000 --> 00:46:15,319
Speaker 5: you know what I'm saying. And so because of that,

1008
00:46:15,360 --> 00:46:17,320
Speaker 5: he held out and that's why he made so much money.

1009
00:46:17,360 --> 00:46:19,320
Speaker 3: And so we have to be of that mindset.

1010
00:46:19,360 --> 00:46:21,279
Speaker 5: And that's what you know, I like to teach, and

1011
00:46:21,280 --> 00:46:24,160
Speaker 5: that's what we're teaching, is ownership is key because that

1012
00:46:24,160 --> 00:46:26,960
Speaker 5: that is that is your you know, that's your income,

1013
00:46:27,000 --> 00:46:29,480
Speaker 5: that's your legacy. That's where you could pass down. You

1014
00:46:29,520 --> 00:46:31,759
Speaker 5: can't pass right, all right, Great if you get this

1015
00:46:31,920 --> 00:46:36,080
Speaker 5: royalty from another company them like they were not. They

1016
00:46:36,160 --> 00:46:38,600
Speaker 5: did not write the book. They did not, they did

1017
00:46:38,640 --> 00:46:41,239
Speaker 5: not write the verse. Why they getting the most of it?

1018
00:46:41,760 --> 00:46:44,960
Speaker 3: Why? Why why am I signed to you? Right?

1019
00:46:45,719 --> 00:46:49,040
Speaker 5: Yes, if you have the distribution channel, then we should partner,

1020
00:46:49,080 --> 00:46:50,280
Speaker 5: we should make money together.

1021
00:46:50,800 --> 00:46:52,680
Speaker 3: But why am I only getting ten percent?

1022
00:46:53,480 --> 00:46:55,800
Speaker 5: And and yeah, you got costs associated with it, but

1023
00:46:55,880 --> 00:46:57,080
Speaker 5: you're still making more than me.

1024
00:46:57,440 --> 00:47:00,960
Speaker 3: And it's my name, my likeness, my infotion.

1025
00:47:00,920 --> 00:47:04,120
Speaker 5: My music, my whatever, and now you're you're able to

1026
00:47:04,160 --> 00:47:05,000
Speaker 5: profit the most of it.

1027
00:47:04,920 --> 00:47:05,799
Speaker 3: It doesn't make sense.

1028
00:47:07,120 --> 00:47:09,239
Speaker 4: Gyms, A lot of hyms, A lot of hyms right there.

1029
00:47:09,239 --> 00:47:11,640
Speaker 4: All right, So now we got the whole book industry

1030
00:47:11,760 --> 00:47:13,760
Speaker 4: under wraps. So now we're going to go into some

1031
00:47:13,760 --> 00:47:16,759
Speaker 4: some tips for everyday people, all right, So in the

1032
00:47:16,800 --> 00:47:20,200
Speaker 4: last segment, we're going to talk about some financial tips

1033
00:47:20,239 --> 00:47:21,040
Speaker 4: for everyday people.

1034
00:47:21,120 --> 00:47:21,200
Speaker 3: Right.

1035
00:47:21,239 --> 00:47:22,600
Speaker 4: We're going to try to give a few gyms that

1036
00:47:22,640 --> 00:47:24,640
Speaker 4: people can use in a day to day life because

1037
00:47:24,680 --> 00:47:26,520
Speaker 4: a lot of times, as you said, we don't know

1038
00:47:27,080 --> 00:47:28,800
Speaker 4: and it's an ongoing learning process.

1039
00:47:28,880 --> 00:47:29,040
Speaker 3: Right.

1040
00:47:29,080 --> 00:47:31,400
Speaker 4: So one of the things I want to talk about

1041
00:47:31,440 --> 00:47:33,360
Speaker 4: is that we covered credit and the importance of credit.

1042
00:47:33,480 --> 00:47:35,600
Speaker 4: And I know you have a credit company, right, sure,

1043
00:47:36,360 --> 00:47:38,920
Speaker 4: But I got a question a DM where somebody says, like,

1044
00:47:38,920 --> 00:47:41,840
Speaker 4: what's the best way to pay off your debt? Like,

1045
00:47:41,920 --> 00:47:43,640
Speaker 4: I know some people have a process where they pay

1046
00:47:43,680 --> 00:47:45,240
Speaker 4: off the.

1047
00:47:44,640 --> 00:47:46,480
Speaker 3: Higher interest credit cards first.

1048
00:47:46,520 --> 00:47:49,680
Speaker 4: Some people do the lowest balances first, Like what's your

1049
00:47:49,719 --> 00:47:50,520
Speaker 4: philosophy on that?

1050
00:47:50,600 --> 00:47:50,799
Speaker 3: Yeah?

1051
00:47:50,840 --> 00:47:54,560
Speaker 5: So so I like, I like the lowest balance philosophy,

1052
00:47:55,680 --> 00:47:58,040
Speaker 5: and so I wrote a book called you Know What

1053
00:47:58,120 --> 00:48:00,960
Speaker 5: The Fight Goes twelve Stepisode and your credit right, and

1054
00:48:01,000 --> 00:48:05,000
Speaker 5: I talk about the snowballs is what it's called. But

1055
00:48:05,360 --> 00:48:09,400
Speaker 5: the reason though, right, the reason why the philosophy on

1056
00:48:09,560 --> 00:48:12,319
Speaker 5: taking your lowest balance and paying that off first is

1057
00:48:12,360 --> 00:48:16,120
Speaker 5: important is because you want some small wins, right.

1058
00:48:16,440 --> 00:48:17,360
Speaker 3: It's the mindset.

1059
00:48:18,080 --> 00:48:20,640
Speaker 5: I've seen people who try to say, all right, you

1060
00:48:20,640 --> 00:48:23,640
Speaker 5: know what, this credit card is charging me the highest

1061
00:48:23,680 --> 00:48:26,239
Speaker 5: interest rate, and so I'm gonna pay that one first,

1062
00:48:26,400 --> 00:48:28,680
Speaker 5: and then they're paying the minimums and they're trying to

1063
00:48:28,680 --> 00:48:31,360
Speaker 5: pay that off, and they wind up looking at their

1064
00:48:31,920 --> 00:48:34,520
Speaker 5: credit card balances each month and it looks like nothing

1065
00:48:34,600 --> 00:48:35,480
Speaker 5: is going anywhere.

1066
00:48:35,680 --> 00:48:36,640
Speaker 3: They get discouraged.

1067
00:48:36,680 --> 00:48:39,520
Speaker 5: They wind up doing something else because they don't see

1068
00:48:39,560 --> 00:48:43,040
Speaker 5: any forward motion. The best way to pay down credit

1069
00:48:43,120 --> 00:48:45,920
Speaker 5: card debt is it will always be. To take all

1070
00:48:45,920 --> 00:48:48,680
Speaker 5: of your credit card your credit cards, put them in

1071
00:48:48,880 --> 00:48:52,480
Speaker 5: order from smallest to largest balance, make sure that you

1072
00:48:52,560 --> 00:48:55,480
Speaker 5: pay off the minimums on all of the cards. And

1073
00:48:55,760 --> 00:48:58,799
Speaker 5: but it's gonna start with a budget. Right, You're gonna

1074
00:48:58,840 --> 00:49:01,160
Speaker 5: have to budget a certain amount. You're gonna say, you

1075
00:49:01,200 --> 00:49:04,000
Speaker 5: know what, I'm gonna budget four hundred dollars each month

1076
00:49:04,040 --> 00:49:06,760
Speaker 5: towards debt, pay the minimums on all of the cards,

1077
00:49:06,800 --> 00:49:09,399
Speaker 5: and whatever's left over from that four hundred dollars, you're

1078
00:49:09,400 --> 00:49:11,160
Speaker 5: gonna take that money and you're gonna pay off the

1079
00:49:11,600 --> 00:49:15,080
Speaker 5: lowest amount completely. Right, the following month, you do the

1080
00:49:15,120 --> 00:49:17,759
Speaker 5: same thing. You take the lowest amount, you pay the minimums,

1081
00:49:17,880 --> 00:49:20,840
Speaker 5: and then whatever's left over you snowball that amount to

1082
00:49:20,920 --> 00:49:23,640
Speaker 5: the next one. You keep doing that until you get

1083
00:49:23,680 --> 00:49:26,400
Speaker 5: this one account that's your biggest account.

1084
00:49:26,560 --> 00:49:28,360
Speaker 3: And now you take that four hundred dollars and.

1085
00:49:28,360 --> 00:49:30,400
Speaker 5: You tackle it. You keep tackling and keep tackling it,

1086
00:49:30,520 --> 00:49:32,960
Speaker 5: and then eventually you'll realize that you'll be debt free.

1087
00:49:33,560 --> 00:49:36,680
Speaker 5: That works because it motivates you. Right, if you have

1088
00:49:36,719 --> 00:49:38,640
Speaker 5: a credit card that has two hundred dollars on it,

1089
00:49:39,000 --> 00:49:42,480
Speaker 5: and you went from having five cards to four cards.

1090
00:49:43,760 --> 00:49:46,120
Speaker 3: You see like, oh wow, I see the result. I

1091
00:49:46,160 --> 00:49:46,560
Speaker 3: saw that.

1092
00:49:46,600 --> 00:49:49,359
Speaker 5: I that if I stay focused, you know, I cut

1093
00:49:49,400 --> 00:49:52,040
Speaker 5: down this one balance, then the next month, you know

1094
00:49:52,080 --> 00:49:54,520
Speaker 5: that card that has five hundred dollars, it takes you

1095
00:49:54,560 --> 00:49:55,640
Speaker 5: two months to pay that off.

1096
00:49:55,800 --> 00:49:56,480
Speaker 3: Then that's that.

1097
00:49:56,520 --> 00:49:59,440
Speaker 5: Those are those small wins, and psychologically it gives you

1098
00:49:59,480 --> 00:50:01,640
Speaker 5: the you know, the motivation to keep it.

1099
00:50:01,880 --> 00:50:04,399
Speaker 7: At the same time, when you're chopping them down, you're

1100
00:50:04,440 --> 00:50:07,040
Speaker 7: decreasing the utilization rate absolutely, So we're trying to keep

1101
00:50:07,040 --> 00:50:09,040
Speaker 7: that under thirty hundred thirty percent.

1102
00:50:09,080 --> 00:50:12,600
Speaker 5: And I think what people people love that thirty percent number.

1103
00:50:13,360 --> 00:50:16,000
Speaker 5: But the fact of the matter too is that so

1104
00:50:16,040 --> 00:50:18,839
Speaker 5: your credit goes three hundred to eight fifty, anything over

1105
00:50:18,920 --> 00:50:21,919
Speaker 5: seven twenty is excellent credit. Those who have a seven

1106
00:50:22,040 --> 00:50:24,799
Speaker 5: twenty or above actually keep their utilization between ten and

1107
00:50:24,800 --> 00:50:28,600
Speaker 5: fifteen percent lower even lower, right, because the mindset or

1108
00:50:28,640 --> 00:50:32,719
Speaker 5: the way the fycal algorithm works is that it rewards

1109
00:50:32,760 --> 00:50:36,200
Speaker 5: people who don't seem as if they need credit. So

1110
00:50:36,760 --> 00:50:39,799
Speaker 5: the more it looks like you need credit, the more

1111
00:50:39,840 --> 00:50:40,600
Speaker 5: they'll lower your.

1112
00:50:40,440 --> 00:50:42,799
Speaker 4: School That's the fact. Because actually, I just I haven't

1113
00:50:42,840 --> 00:50:44,680
Speaker 4: checked my credit a long time. I just checked it

1114
00:50:45,080 --> 00:50:48,920
Speaker 4: and it was a seven eighty and at fifteen percent

1115
00:50:49,200 --> 00:50:52,160
Speaker 4: utilization ragual exactly that same number in seven eighty.

1116
00:50:52,200 --> 00:50:53,880
Speaker 7: So because if you think about it, right, if I

1117
00:50:53,880 --> 00:50:56,320
Speaker 7: got a hundred dollar card and I'm paying ninety dollars

1118
00:50:56,400 --> 00:50:57,800
Speaker 7: right right, that seems affordable.

1119
00:50:57,840 --> 00:50:57,920
Speaker 3: Right.

1120
00:50:57,960 --> 00:50:59,480
Speaker 7: But if I got a five thousand dollars debt and

1121
00:50:59,480 --> 00:51:02,040
Speaker 7: I'm paying that, you don't feel it exactly.

1122
00:51:02,040 --> 00:51:03,680
Speaker 3: You know what I'm saying, They're gonna take interest on that.

1123
00:51:03,800 --> 00:51:07,080
Speaker 7: Now you really only pay fifty dollars, right, doesn't It

1124
00:51:07,120 --> 00:51:07,799
Speaker 7: doesn't feel the same.

1125
00:51:07,840 --> 00:51:09,319
Speaker 4: But let me ask you this. Let me ask you

1126
00:51:09,320 --> 00:51:12,080
Speaker 4: this though. So let's say you have ten credit cards, right,

1127
00:51:12,360 --> 00:51:13,600
Speaker 4: you pay off all ten?

1128
00:51:13,760 --> 00:51:13,960
Speaker 3: Yeah?

1129
00:51:14,040 --> 00:51:17,360
Speaker 4: Four, Now you only start using one on a regular basis.

1130
00:51:17,480 --> 00:51:20,200
Speaker 4: You're not using the other nine. Does that hurt you?

1131
00:51:20,680 --> 00:51:21,320
Speaker 4: Does it?

1132
00:51:21,040 --> 00:51:21,080
Speaker 2: So?

1133
00:51:21,920 --> 00:51:22,600
Speaker 3: Yes? And no? Right?

1134
00:51:22,640 --> 00:51:25,720
Speaker 5: So what happens is this is that your utilization ratio

1135
00:51:25,800 --> 00:51:27,919
Speaker 5: is an aggregate of all the cards that you have, right.

1136
00:51:28,200 --> 00:51:31,239
Speaker 5: And so if you have you know, ten cards, you're

1137
00:51:31,239 --> 00:51:33,919
Speaker 5: not using any other nine and you're only using the one,

1138
00:51:34,560 --> 00:51:38,000
Speaker 5: it's gonna help you because that one card is a

1139
00:51:38,040 --> 00:51:41,960
Speaker 5: small percentage of your total utilization. But what happens is

1140
00:51:42,320 --> 00:51:45,000
Speaker 5: if you're not using the other nine cards, and the

1141
00:51:45,040 --> 00:51:48,080
Speaker 5: credit card companies realize that, you know what, this person's

1142
00:51:48,120 --> 00:51:50,760
Speaker 5: not using the cards, so I'm gonna close this account.

1143
00:51:51,120 --> 00:51:54,880
Speaker 5: Then as they close the accounts, that hurts you because

1144
00:51:54,920 --> 00:51:57,239
Speaker 5: now fifteen percent of your score is based on your

1145
00:51:57,280 --> 00:51:59,640
Speaker 5: length of credit history. And so one of those cards

1146
00:51:59,719 --> 00:52:01,239
Speaker 5: might have a card that you had for a long

1147
00:52:01,280 --> 00:52:03,919
Speaker 5: time which was helping you score, and once that card

1148
00:52:03,960 --> 00:52:07,520
Speaker 5: is closed, it negatively impacts you. Plus you use, you

1149
00:52:07,680 --> 00:52:11,120
Speaker 5: lose that utilization, right because now that credit limit is

1150
00:52:11,120 --> 00:52:14,200
Speaker 5: no longer available, so that your utilization ratio is gonna

1151
00:52:14,239 --> 00:52:16,520
Speaker 5: go up once they close those cards, right, And so

1152
00:52:17,080 --> 00:52:21,160
Speaker 5: it definitely is sort of like a gain, like if

1153
00:52:21,200 --> 00:52:22,720
Speaker 5: you have that many credit cards.

1154
00:52:23,480 --> 00:52:24,520
Speaker 3: A lot of times I.

1155
00:52:24,520 --> 00:52:26,880
Speaker 5: Like to say, if you want, like if credit matters, right,

1156
00:52:26,920 --> 00:52:28,799
Speaker 5: if credit doesn't matter, like if you're not gonna buy

1157
00:52:28,800 --> 00:52:32,160
Speaker 5: anything in a short term, then you know, I wouldn't

1158
00:52:32,719 --> 00:52:34,920
Speaker 5: put stuff on your credit cards just to keep this

1159
00:52:35,040 --> 00:52:38,319
Speaker 5: number up, right, But if credit matters, or if you're

1160
00:52:38,400 --> 00:52:40,600
Speaker 5: gonna buy something or whatever the case may be, and

1161
00:52:40,640 --> 00:52:43,799
Speaker 5: you need credit, I would say, you know, use your

1162
00:52:43,840 --> 00:52:46,640
Speaker 5: credit some credit cards for things that you would have

1163
00:52:46,640 --> 00:52:49,080
Speaker 5: paid cash for anyway. Right, And so if Let's say,

1164
00:52:49,120 --> 00:52:53,000
Speaker 5: for instance, you use cash to buy gas, right, use

1165
00:52:53,040 --> 00:52:54,719
Speaker 5: a credit card and that money that you would have

1166
00:52:55,080 --> 00:52:57,359
Speaker 5: you know, paid or that money you would have used

1167
00:52:57,400 --> 00:52:59,360
Speaker 5: to buy the gas, pay off the card with that,

1168
00:52:59,440 --> 00:53:01,719
Speaker 5: So that way did at least some activity on it.

1169
00:53:01,880 --> 00:53:03,439
Speaker 3: So the credit card companies don't close.

1170
00:53:03,560 --> 00:53:05,359
Speaker 4: Let me ask you this. Also, Let's say you get

1171
00:53:05,400 --> 00:53:07,000
Speaker 4: because they got all kind of credit cards. Now they

1172
00:53:07,000 --> 00:53:09,440
Speaker 4: got cards for like medical purposes.

1173
00:53:09,520 --> 00:53:09,759
Speaker 3: Right.

1174
00:53:09,920 --> 00:53:12,440
Speaker 4: So let's say you have a low utilization rate, but

1175
00:53:12,480 --> 00:53:14,560
Speaker 4: you get one card for a medical purpose and you

1176
00:53:15,120 --> 00:53:18,560
Speaker 4: max that card out. But your other utilization is good,

1177
00:53:18,600 --> 00:53:21,239
Speaker 4: but you max that one card out. That hurts you.

1178
00:53:21,360 --> 00:53:23,320
Speaker 3: It doesn't because it's the aggregate. Right.

1179
00:53:23,480 --> 00:53:25,160
Speaker 5: And so if you let's say you have ten cards

1180
00:53:25,160 --> 00:53:27,719
Speaker 5: with one thousand dollars, right, and you max out one

1181
00:53:27,760 --> 00:53:30,759
Speaker 5: card of one thousand dollars, your your utilization is still

1182
00:53:30,760 --> 00:53:33,840
Speaker 5: only ten percent, right, because your total available limit is

1183
00:53:33,880 --> 00:53:35,640
Speaker 5: ten thousand when you look at all the cars.

1184
00:53:35,680 --> 00:53:36,480
Speaker 3: And so that's what I was.

1185
00:53:36,400 --> 00:53:39,080
Speaker 5: Saying where it Yeah, when you close, it can hurt

1186
00:53:39,120 --> 00:53:43,040
Speaker 5: you because if now, if you max at one thousand dollars,

1187
00:53:43,160 --> 00:53:45,160
Speaker 5: and let's say the non cards say, you know what,

1188
00:53:45,320 --> 00:53:47,399
Speaker 5: he ain't using these cards to let me close these out.

1189
00:53:47,640 --> 00:53:48,759
Speaker 3: Now, your utilization go.

1190
00:53:48,680 --> 00:53:50,960
Speaker 5: From ten percent to one hundred percent, and that's going

1191
00:53:51,040 --> 00:53:52,360
Speaker 5: to immediately you know.

1192
00:53:53,760 --> 00:53:55,360
Speaker 7: That's a smart share assue though, Right, if you have

1193
00:53:55,440 --> 00:53:57,759
Speaker 7: ten cars, maybe you have ten different purposes. So if

1194
00:53:57,760 --> 00:54:00,640
Speaker 7: it's a supermarket, or if it's gas, or if it's

1195
00:54:00,719 --> 00:54:03,440
Speaker 7: you know, electronics or something like that, Like you have

1196
00:54:03,480 --> 00:54:06,040
Speaker 7: a purpose for each one, just like I'm randomly that

1197
00:54:06,080 --> 00:54:06,959
Speaker 7: one's match.

1198
00:54:07,080 --> 00:54:08,839
Speaker 3: Let me go to the next. What I'm saying, make

1199
00:54:08,880 --> 00:54:09,879
Speaker 3: a purpose for each card?

1200
00:54:09,960 --> 00:54:12,560
Speaker 5: Yeah, because because because credit card debt is the worst

1201
00:54:12,560 --> 00:54:14,560
Speaker 5: type of debt that you could possibly have, right, Like

1202
00:54:14,640 --> 00:54:17,920
Speaker 5: credit card debt, you're paying more than what it's worth.

1203
00:54:18,040 --> 00:54:20,160
Speaker 3: So yeah, and student loans, but.

1204
00:54:20,160 --> 00:54:23,320
Speaker 5: I mean, but even with student loans, you know, you know, uh,

1205
00:54:24,480 --> 00:54:27,000
Speaker 5: at least with student loans you get a degree. You know,

1206
00:54:27,040 --> 00:54:29,160
Speaker 5: you're able to like you know, you know what I'm saying,

1207
00:54:29,200 --> 00:54:31,160
Speaker 5: Like I'm not, you know, because I didn't get a

1208
00:54:31,160 --> 00:54:32,399
Speaker 5: degree till later on in life.

1209
00:54:32,719 --> 00:54:34,600
Speaker 3: So I'm you know, I could go either way with

1210
00:54:34,680 --> 00:54:35,280
Speaker 3: student loans.

1211
00:54:35,760 --> 00:54:39,000
Speaker 5: But credit cards are like is there's no reason why

1212
00:54:39,040 --> 00:54:40,480
Speaker 5: you should be paying credit card debt?

1213
00:54:40,520 --> 00:54:41,160
Speaker 3: You know what I'm saying.

1214
00:54:41,320 --> 00:54:44,120
Speaker 4: All Right, let's good information, very good information. So let's

1215
00:54:44,160 --> 00:54:47,000
Speaker 4: go retiring place. Yes, right, people will ask another question

1216
00:54:47,040 --> 00:54:51,520
Speaker 4: I got in the DM okay, so four one k yeah,

1217
00:54:52,200 --> 00:54:55,160
Speaker 4: Ira raw Ira can start with the four one K?

1218
00:54:55,200 --> 00:54:56,600
Speaker 4: Why is it a good idea for people to put

1219
00:54:56,600 --> 00:54:58,040
Speaker 4: money to a four monk man? So the fall on

1220
00:54:58,160 --> 00:55:00,400
Speaker 4: k it's like free money. So so first all is

1221
00:55:00,440 --> 00:55:00,799
Speaker 4: this right?

1222
00:55:01,239 --> 00:55:04,560
Speaker 5: Is that when you think about your the money that

1223
00:55:04,600 --> 00:55:07,680
Speaker 5: you pay to the irs, uh, when you put money

1224
00:55:07,680 --> 00:55:10,560
Speaker 5: into a retirementccount, it lowers you you know, what you

1225
00:55:10,640 --> 00:55:13,360
Speaker 5: have to pay to them because part of that money

1226
00:55:13,440 --> 00:55:16,480
Speaker 5: is now tax is not tax deductible, right, or you

1227
00:55:16,680 --> 00:55:19,360
Speaker 5: don't pay taxes on that money, right, And so putting

1228
00:55:19,400 --> 00:55:21,960
Speaker 5: your money in a four one k allows you to say,

1229
00:55:22,040 --> 00:55:25,040
Speaker 5: you know what, Uh, in the future, I'll have this

1230
00:55:25,200 --> 00:55:28,560
Speaker 5: money to retire off, but I don't have to pay

1231
00:55:28,560 --> 00:55:29,680
Speaker 5: taxes on it right now.

1232
00:55:29,840 --> 00:55:34,160
Speaker 3: Right. But also a lot of employers will match.

1233
00:55:33,920 --> 00:55:36,080
Speaker 5: Your four one k, so they might they might match

1234
00:55:36,120 --> 00:55:38,520
Speaker 5: you up to four percent, which means that if or

1235
00:55:38,640 --> 00:55:41,239
Speaker 5: four percent six percent. Four percent has been sort of

1236
00:55:41,239 --> 00:55:44,000
Speaker 5: like the industry norm that I've heard. And so if

1237
00:55:44,440 --> 00:55:47,520
Speaker 5: a job says if you they want to encourage you

1238
00:55:47,560 --> 00:55:50,000
Speaker 5: to say for retirement so they say if you put it,

1239
00:55:50,120 --> 00:55:52,400
Speaker 5: whatever you put in, we're gonna we're gonna match it

1240
00:55:52,480 --> 00:55:54,960
Speaker 5: up to four percent, which means that four percent is

1241
00:55:54,960 --> 00:55:57,520
Speaker 5: free money. And as long as you're in vested, they

1242
00:55:57,600 --> 00:55:59,480
Speaker 5: might they might have a stipulation, all right, you have

1243
00:55:59,520 --> 00:56:01,440
Speaker 5: to be with a with our company five years or

1244
00:56:01,440 --> 00:56:04,160
Speaker 5: whatever the case may be, you keep that money. And

1245
00:56:04,239 --> 00:56:07,160
Speaker 5: so not investing in a four one K, you're actually

1246
00:56:07,200 --> 00:56:10,440
Speaker 5: losing money, free money that the employer would have given you.

1247
00:56:10,719 --> 00:56:12,799
Speaker 5: And so you know, so that's one reason. But then

1248
00:56:12,800 --> 00:56:15,480
Speaker 5: when you think about a retirement, just as a whole,

1249
00:56:17,360 --> 00:56:19,080
Speaker 5: social Security might not be here for us.

1250
00:56:19,960 --> 00:56:20,680
Speaker 3: And so by the.

1251
00:56:20,600 --> 00:56:23,879
Speaker 5: Time you know, we become of age and it's time

1252
00:56:23,920 --> 00:56:27,040
Speaker 5: to retire, there's gonna be a certain number that you're

1253
00:56:27,040 --> 00:56:30,000
Speaker 5: gonna need each month to live off of, and you're

1254
00:56:30,040 --> 00:56:33,000
Speaker 5: gonna want to have an account that will be able

1255
00:56:33,120 --> 00:56:36,560
Speaker 5: to supply some of that income so that you you

1256
00:56:36,600 --> 00:56:39,520
Speaker 5: don't have to be sixty seventy working at Walmart.

1257
00:56:39,600 --> 00:56:41,880
Speaker 7: So and in terms of people who come from the

1258
00:56:41,960 --> 00:56:44,279
Speaker 7: education field, obviously, I mean I speak to teachers all

1259
00:56:44,320 --> 00:56:47,160
Speaker 7: the time, and yes, they educate our children, but they

1260
00:56:47,160 --> 00:56:48,360
Speaker 7: have no idea about finance.

1261
00:56:48,480 --> 00:56:49,960
Speaker 3: So we don't have a four to one K, we

1262
00:56:50,000 --> 00:56:52,080
Speaker 3: have a four H three B same thing.

1263
00:56:52,040 --> 00:56:54,960
Speaker 5: Same, same exact thing, right, because the importance of that,

1264
00:56:55,120 --> 00:56:58,480
Speaker 5: especially you know, someone that works in the education field,

1265
00:56:58,640 --> 00:57:01,279
Speaker 5: is that you want to make sure that you're not

1266
00:57:01,320 --> 00:57:03,480
Speaker 5: gonna be able to teach forever and then when when

1267
00:57:03,520 --> 00:57:06,160
Speaker 5: it's time for you to to to leave that you

1268
00:57:06,200 --> 00:57:08,799
Speaker 5: know that institution. You want to be able to have

1269
00:57:08,880 --> 00:57:11,319
Speaker 5: money coming in. You want to diversify your income, and

1270
00:57:11,640 --> 00:57:14,799
Speaker 5: so putting putting that money out up front is going

1271
00:57:14,840 --> 00:57:18,320
Speaker 5: to allow it to grow and if you find right.

1272
00:57:18,360 --> 00:57:20,280
Speaker 5: So so, you know a lot of people are like weary,

1273
00:57:20,560 --> 00:57:22,720
Speaker 5: you know, especially when you think about the Burnie made

1274
00:57:22,720 --> 00:57:24,919
Speaker 5: offs and what happened and the you know, the great

1275
00:57:24,920 --> 00:57:26,760
Speaker 5: recession two thousand and eight, two thousand and nine, people

1276
00:57:26,800 --> 00:57:28,760
Speaker 5: are like leary of you.

1277
00:57:28,680 --> 00:57:30,280
Speaker 3: Know, putting their money in the markets.

1278
00:57:30,520 --> 00:57:35,480
Speaker 5: But if you remove that isolated incident out on average,

1279
00:57:35,720 --> 00:57:38,400
Speaker 5: you know, you know, when you look at the stock market,

1280
00:57:38,560 --> 00:57:41,560
Speaker 5: markets are you know, it's always positive, right, and so

1281
00:57:41,800 --> 00:57:44,840
Speaker 5: just kind of keep an eye out on where your

1282
00:57:44,840 --> 00:57:45,880
Speaker 5: money's being invested.

1283
00:57:45,920 --> 00:57:47,560
Speaker 3: But that money is also gonna go.

1284
00:57:47,680 --> 00:57:49,440
Speaker 5: It's not like the money that you put in is

1285
00:57:49,480 --> 00:57:51,680
Speaker 5: that's not gonna stay at the amount that you put in,

1286
00:57:51,920 --> 00:57:54,360
Speaker 5: you're actually gonna earn interest on that, and that money

1287
00:57:54,400 --> 00:57:57,480
Speaker 5: is gonna grow through compound interest. So that way, you know,

1288
00:57:57,560 --> 00:57:59,200
Speaker 5: what you start off with is gonna give you a

1289
00:57:59,240 --> 00:58:01,920
Speaker 5: nice little cushion, you know, for you when you retire.

1290
00:58:02,360 --> 00:58:05,000
Speaker 3: And also the row is another great way. Yeah, I

1291
00:58:05,040 --> 00:58:05,560
Speaker 3: love it off.

1292
00:58:05,920 --> 00:58:07,680
Speaker 4: That's the way where you you you don't pay, you

1293
00:58:07,840 --> 00:58:10,040
Speaker 4: don't save money or taxes today, but it's tax free

1294
00:58:10,080 --> 00:58:10,320
Speaker 4: later on.

1295
00:58:10,360 --> 00:58:14,240
Speaker 5: Absolutely, And honestly I like that better, right because what

1296
00:58:14,280 --> 00:58:19,720
Speaker 5: happens is this, you know, tax deductible means that you know,

1297
00:58:20,600 --> 00:58:22,600
Speaker 5: I can deduct this amount if I put if I

1298
00:58:22,640 --> 00:58:25,280
Speaker 5: put ten thousand dollars, or let's say I put five

1299
00:58:25,320 --> 00:58:28,480
Speaker 5: thousand dollars towards my retirement, uh, and I made forty

1300
00:58:28,520 --> 00:58:31,480
Speaker 5: five thousand dollars, then I'm only I could deduct that

1301
00:58:31,560 --> 00:58:34,600
Speaker 5: five thousand off my taxes. I'm paying forty thousand taxes.

1302
00:58:34,800 --> 00:58:37,880
Speaker 5: But then now that five thousand that I put, when

1303
00:58:37,880 --> 00:58:40,720
Speaker 5: it grows to one hundred thousand when I retire, you know,

1304
00:58:40,880 --> 00:58:43,920
Speaker 5: I now need to pay taxes as I withdraw that money,

1305
00:58:44,000 --> 00:58:46,480
Speaker 5: right and so and so it's it's you know, it's

1306
00:58:46,480 --> 00:58:49,600
Speaker 5: tax deductible, but you pay taxes later. And the whole

1307
00:58:49,600 --> 00:58:52,080
Speaker 5: thought process is that when I get older, I'll have

1308
00:58:52,160 --> 00:58:54,880
Speaker 5: lower a lower tax burden, and so that so that

1309
00:58:54,880 --> 00:58:58,040
Speaker 5: that works that way. But with the ROW I love

1310
00:58:58,080 --> 00:59:01,040
Speaker 5: the ROFF because it's not tax deductible, but it's tax

1311
00:59:01,080 --> 00:59:04,439
Speaker 5: free distribution, right, which means, all right, great, I put

1312
00:59:04,520 --> 00:59:07,920
Speaker 5: five thousand dollars into this into this roth IRA this

1313
00:59:08,080 --> 00:59:10,960
Speaker 5: year I made forty five thousand dollars. I'm gonna pay

1314
00:59:10,960 --> 00:59:15,120
Speaker 5: forty five thousand taxes, right, But now that five thousand,

1315
00:59:15,120 --> 00:59:17,680
Speaker 5: when it grows to one hundred thousand, and I could

1316
00:59:17,720 --> 00:59:20,520
Speaker 5: withdraw a tax free I never have to owe the

1317
00:59:20,600 --> 00:59:22,680
Speaker 5: I R S anything on that money, on that on

1318
00:59:22,760 --> 00:59:25,880
Speaker 5: that growth of that money. You know, I love that

1319
00:59:26,040 --> 00:59:28,280
Speaker 5: especially for young people. Maybe if you're a little older,

1320
00:59:29,160 --> 00:59:31,320
Speaker 5: you know it may not necessarily be the right thing

1321
00:59:31,360 --> 00:59:32,880
Speaker 5: to do. But the reason why I live it for

1322
00:59:32,920 --> 00:59:36,320
Speaker 5: young people is because you know, right now, as as

1323
00:59:36,360 --> 00:59:39,800
Speaker 5: a young person who has more, you know, more earning ability,

1324
00:59:40,080 --> 00:59:42,520
Speaker 5: you could take you know, bigger risk. And if you

1325
00:59:42,840 --> 00:59:44,800
Speaker 5: take that money that's in a raw and you put

1326
00:59:44,800 --> 00:59:47,160
Speaker 5: it into something that is giving you a great rate

1327
00:59:47,200 --> 00:59:49,720
Speaker 5: of return, all of that growth, you don't have to

1328
00:59:49,760 --> 00:59:51,960
Speaker 5: pay taxes on Yes.

1329
00:59:52,440 --> 00:59:57,280
Speaker 4: Yeah, somebody said one time they said if if you

1330
00:59:57,560 --> 00:59:59,840
Speaker 4: if you did, if you were never told the information,

1331
01:00:00,240 --> 01:00:02,800
Speaker 4: you can't be help responsible if you were told the

1332
01:00:02,880 --> 01:00:05,720
Speaker 4: information and just chose not to do anything with that's

1333
01:00:05,760 --> 01:00:08,440
Speaker 4: on you. Absolutely agree, So you can never say you

1334
01:00:08,480 --> 01:00:12,760
Speaker 4: weren't told the information. Yeah, applications to your application to you,

1335
01:00:13,080 --> 01:00:14,720
Speaker 4: We're trying to give you as much information as we

1336
01:00:14,720 --> 01:00:17,360
Speaker 4: can give you, but ultimately you have to apply it.

1337
01:00:17,440 --> 01:00:20,480
Speaker 4: So speaking about applied information, can you talk about the

1338
01:00:20,480 --> 01:00:21,680
Speaker 4: money Right Legacy Program.

1339
01:00:21,760 --> 01:00:24,960
Speaker 5: Yeah, so I started a mind right Legacy program and

1340
01:00:25,000 --> 01:00:27,200
Speaker 5: you can visit mind right legacy dot com to see

1341
01:00:27,200 --> 01:00:30,080
Speaker 5: what the program is about. But pretty much when I

1342
01:00:30,120 --> 01:00:32,560
Speaker 5: was working as a as a private banker, we talked

1343
01:00:32,560 --> 01:00:35,320
Speaker 5: about this right that they had a team, they had

1344
01:00:35,320 --> 01:00:39,160
Speaker 5: the tools, they had the resources wealthy people to maintain

1345
01:00:39,240 --> 01:00:42,720
Speaker 5: and grow their wealth. And I realized that, yes, it's

1346
01:00:42,760 --> 01:00:45,280
Speaker 5: cool that I'm giving out this information, but what ways

1347
01:00:45,280 --> 01:00:48,959
Speaker 5: can I help people create wealth for themselves as well?

1348
01:00:49,240 --> 01:00:51,560
Speaker 5: And so with the mind Right Legacy Program, it's it's

1349
01:00:51,600 --> 01:00:54,800
Speaker 5: literally a twelve step program that I create that I

1350
01:00:54,840 --> 01:00:57,400
Speaker 5: created that gives you twelve steps to financial freedom. So

1351
01:00:57,480 --> 01:01:01,680
Speaker 5: everything from how to budget manage your credit, creating multiple

1352
01:01:01,680 --> 01:01:04,920
Speaker 5: streams of income, you know, estate planning or everything that

1353
01:01:04,960 --> 01:01:08,120
Speaker 5: you would need to create financial freedom. But then also

1354
01:01:08,440 --> 01:01:10,840
Speaker 5: it comes with an app that allows you to see

1355
01:01:10,880 --> 01:01:12,680
Speaker 5: what your net worth is, right, because I think that

1356
01:01:12,760 --> 01:01:16,240
Speaker 5: people need to understand that just because you make money

1357
01:01:16,520 --> 01:01:19,760
Speaker 5: doesn't mean that you are net worth positive, right, And

1358
01:01:19,800 --> 01:01:23,120
Speaker 5: your net worth is literally your assets minus your liability,

1359
01:01:23,280 --> 01:01:24,880
Speaker 5: Like what do you actually own?

1360
01:01:25,080 --> 01:01:25,320
Speaker 3: Right?

1361
01:01:25,440 --> 01:01:29,080
Speaker 5: Like, after you pay off everybody, what is it? What's yours?

1362
01:01:29,560 --> 01:01:32,360
Speaker 5: And so my program allows you to see in real time,

1363
01:01:32,400 --> 01:01:34,280
Speaker 5: so you can connect all of your bank accounts, you

1364
01:01:34,280 --> 01:01:36,360
Speaker 5: could look at all of your debt, and it gives

1365
01:01:36,400 --> 01:01:39,480
Speaker 5: you real time to say, Okay, you know, I owe

1366
01:01:40,200 --> 01:01:43,600
Speaker 5: one hundred thousand dollars in debt. I currently own an

1367
01:01:43,600 --> 01:01:46,480
Speaker 5: assets two hundred thousand, so I have one hundred thousand

1368
01:01:46,680 --> 01:01:47,960
Speaker 5: or it might be negative.

1369
01:01:48,000 --> 01:01:50,080
Speaker 3: Right. A lot of people who I work with.

1370
01:01:49,960 --> 01:01:52,800
Speaker 5: Now they start off at a place where they have

1371
01:01:52,840 --> 01:01:55,840
Speaker 5: a student loan debt, they have you know, mortgages or

1372
01:01:55,880 --> 01:01:57,960
Speaker 5: whatever the case may be, and they don't have that

1373
01:01:58,080 --> 01:02:00,800
Speaker 5: much assets. But now they're able to see, Okay, let

1374
01:02:00,880 --> 01:02:03,600
Speaker 5: me set these goals for myself, and now I'm gonna

1375
01:02:03,640 --> 01:02:07,680
Speaker 5: work on eliminating debt and increasing my assets, and they

1376
01:02:07,720 --> 01:02:10,040
Speaker 5: get access to me as a financial coach.

1377
01:02:10,120 --> 01:02:13,760
Speaker 3: We do live you know, live seminars. It's really an.

1378
01:02:13,640 --> 01:02:18,400
Speaker 5: Affordable program for anybody who's serious about creating financial freedom,

1379
01:02:18,680 --> 01:02:21,760
Speaker 5: not living paycheck to paycheck, getting getting rid of debt,

1380
01:02:21,840 --> 01:02:24,200
Speaker 5: and then the most important, leaving a legacy for their

1381
01:02:24,200 --> 01:02:24,560
Speaker 5: loved one.

1382
01:02:24,640 --> 01:02:27,760
Speaker 3: Financial freedom. Is I only hope, only hope only we want.

1383
01:02:27,840 --> 01:02:29,000
Speaker 3: We want to thank you for coming in.

1384
01:02:29,120 --> 01:02:32,200
Speaker 4: I appreciate you a lot of wisdom, a lot of wisdom, man,

1385
01:02:32,240 --> 01:02:34,240
Speaker 4: I hope everybody. You gotta listen to like three different

1386
01:02:34,280 --> 01:02:37,520
Speaker 4: times and have your books ready. Yeah, for sure in

1387
01:02:37,600 --> 01:02:40,720
Speaker 4: every segment. But how can the people contact you? How

1388
01:02:40,720 --> 01:02:42,440
Speaker 4: can they get information on the program?

1389
01:02:42,480 --> 01:02:45,520
Speaker 3: How can they? Yeah, all your social media handles and

1390
01:02:45,520 --> 01:02:46,360
Speaker 3: all that and now for sure.

1391
01:02:46,440 --> 01:02:49,880
Speaker 5: So the easiest way is my website, I am ashcash

1392
01:02:50,000 --> 01:02:53,400
Speaker 5: dot com. Everything is there from you know, my story,

1393
01:02:54,320 --> 01:02:57,280
Speaker 5: my mind right, legacy program, everything you could contact me

1394
01:02:57,320 --> 01:02:59,360
Speaker 5: through there, but then also hit me up on social media.

1395
01:03:00,000 --> 01:03:01,000
Speaker 3: Everything is I am.

1396
01:03:00,920 --> 01:03:05,160
Speaker 5: Ash cash Instagram, Facebook, Twitter, very responsive. You know, I

1397
01:03:05,200 --> 01:03:07,880
Speaker 5: work for the people, you know, so you know, for me,

1398
01:03:08,000 --> 01:03:10,080
Speaker 5: it's about giving that information out.

1399
01:03:10,080 --> 01:03:11,920
Speaker 3: So if you have any questions anything, just hit me

1400
01:03:12,000 --> 01:03:15,040
Speaker 3: up for sure, Troy. Yeah.

1401
01:03:15,120 --> 01:03:17,080
Speaker 7: Yeah, I mean we brought up NIP and we're gonna

1402
01:03:17,080 --> 01:03:18,920
Speaker 7: talk about Patreon dot com and it's growing. You know,

1403
01:03:18,920 --> 01:03:21,480
Speaker 7: it's like Proud to Pay program where if you want

1404
01:03:21,480 --> 01:03:24,080
Speaker 7: to support the podcast you can just five different tears

1405
01:03:24,480 --> 01:03:26,200
Speaker 7: and last I think last time we spoke, we had

1406
01:03:26,240 --> 01:03:28,880
Speaker 7: like thirty five and this week we got ten new

1407
01:03:28,880 --> 01:03:30,400
Speaker 7: members of so I'm just gonna give them a shout out.

1408
01:03:30,440 --> 01:03:34,600
Speaker 7: Danita and Diyad, Crystal, Daniel Sena, and Red Regis the

1409
01:03:34,680 --> 01:03:35,040
Speaker 7: day one.

1410
01:03:35,360 --> 01:03:37,760
Speaker 3: He's from the hometown, So shout out to Red. No.

1411
01:03:38,560 --> 01:03:40,400
Speaker 5: I think I know Red. I hit Reg up like

1412
01:03:40,440 --> 01:03:41,920
Speaker 5: he hit me. He was like he sent me one

1413
01:03:41,920 --> 01:03:44,000
Speaker 5: of your things and I was like, you're about to

1414
01:03:44,000 --> 01:03:44,480
Speaker 5: be on that show.

1415
01:03:44,520 --> 01:03:48,120
Speaker 3: He was like, yeah, I grew up with them. Sure

1416
01:03:48,840 --> 01:03:49,280
Speaker 3: yeah yeah.

1417
01:03:49,280 --> 01:03:52,919
Speaker 7: So Patreon dot com, Backslash and Nealisia feel free to join.

1418
01:03:53,080 --> 01:03:55,000
Speaker 3: And like I said, we got bonus content up there.

1419
01:03:55,080 --> 01:03:59,280
Speaker 7: We get the audio edited free up there, and our

1420
01:03:59,280 --> 01:04:02,120
Speaker 7: website too on your Leasia dot com for the merch,

1421
01:04:02,160 --> 01:04:04,240
Speaker 7: like you said, like it's on demand, so if you

1422
01:04:04,240 --> 01:04:06,760
Speaker 7: want the merch's there and continue support.

1423
01:04:06,840 --> 01:04:09,200
Speaker 4: Yeah, somebody it was dope story. Somebody on Instagram, they like, yeah,

1424
01:04:09,200 --> 01:04:12,120
Speaker 4: what's your cash app? They like, because you gave me

1425
01:04:12,200 --> 01:04:13,840
Speaker 4: information on the avay, Like, I'll just give them too,

1426
01:04:13,960 --> 01:04:14,880
Speaker 4: free man, I got.

1427
01:04:17,040 --> 01:04:17,080
Speaker 9: You.

1428
01:04:17,400 --> 01:04:21,120
Speaker 4: So cash app is dollars or lesia if anybody wants

1429
01:04:21,120 --> 01:04:23,800
Speaker 4: to know. But yeah, that was dope. So yeah, Patreons,

1430
01:04:23,840 --> 01:04:26,240
Speaker 4: you said that's just the way to financially support the podcast,

1431
01:04:26,320 --> 01:04:28,800
Speaker 4: and you know it takes money to run a podcast,

1432
01:04:28,800 --> 01:04:30,520
Speaker 4: so that's what we're using for. And then we're going

1433
01:04:30,520 --> 01:04:33,360
Speaker 4: to Atlanta. We can we're looking forward to that. I

1434
01:04:33,400 --> 01:04:36,160
Speaker 4: can't say that enough. Atlanta, Atlanta, Atlanta. We are coming

1435
01:04:36,240 --> 01:04:38,640
Speaker 4: in two days. I'm looking forward to it. When you

1436
01:04:38,640 --> 01:04:40,480
Speaker 4: see us around the city, show us some love, let

1437
01:04:40,560 --> 01:04:43,080
Speaker 4: us know where to eat at you know what's going on.

1438
01:04:43,160 --> 01:04:47,000
Speaker 4: You know people who want yeah, show that too, that too,

1439
01:04:47,040 --> 01:04:48,800
Speaker 4: and every every every city we go to, we try

1440
01:04:48,840 --> 01:04:51,640
Speaker 4: to just tap in with the people and really, you know,

1441
01:04:51,760 --> 01:04:53,280
Speaker 4: check out the vibes and see what's going on. So

1442
01:04:53,280 --> 01:04:54,880
Speaker 4: we're looking forward to it. But before we go, we

1443
01:04:54,920 --> 01:04:57,160
Speaker 4: do a book tip every week. So being that you're

1444
01:04:57,200 --> 01:05:00,240
Speaker 4: an author, I'm gonna let you give the books tip

1445
01:05:00,280 --> 01:05:03,600
Speaker 4: on your books, all your books, your newest book, your

1446
01:05:03,640 --> 01:05:05,280
Speaker 4: new book coming out, whatever you got to say.

1447
01:05:05,320 --> 01:05:06,800
Speaker 3: So the flow is yours for the book to now

1448
01:05:06,840 --> 01:05:07,160
Speaker 3: for sure.

1449
01:05:07,200 --> 01:05:09,520
Speaker 5: So so so you know, definitely, you know, we talked

1450
01:05:09,520 --> 01:05:13,400
Speaker 5: about Nipsey. You know, I have the new book coming

1451
01:05:13,400 --> 01:05:16,680
Speaker 5: out called Hustle Nomics, which is coming out on his birthday,

1452
01:05:16,760 --> 01:05:17,680
Speaker 5: August fifteenth.

1453
01:05:17,760 --> 01:05:18,840
Speaker 3: It's actually gonna be a free e.

1454
01:05:18,880 --> 01:05:21,760
Speaker 5: Book, right and so you know, go go to Amazon

1455
01:05:21,800 --> 01:05:25,000
Speaker 5: dot com look at Hustle Nomics, and really it's a blueprint,

1456
01:05:25,040 --> 01:05:27,600
Speaker 5: you know. You know they say the reason why he

1457
01:05:27,680 --> 01:05:32,360
Speaker 5: called you know, his his his journey the marathon is

1458
01:05:32,400 --> 01:05:34,760
Speaker 5: because right when you think about a marathon, a marathon

1459
01:05:34,800 --> 01:05:38,080
Speaker 5: always continues, right, you pass the baton to somebody else.

1460
01:05:38,120 --> 01:05:41,440
Speaker 5: And so really this is the blueprint to financial independence,

1461
01:05:41,480 --> 01:05:45,000
Speaker 5: the blueprint of owning your own the blueprint of you know,

1462
01:05:45,160 --> 01:05:48,400
Speaker 5: you know, continuing the legacy. So definitely, you know, check

1463
01:05:48,440 --> 01:05:51,040
Speaker 5: out the book, but you know, if you also check

1464
01:05:51,040 --> 01:05:53,680
Speaker 5: out the wake Up Call Financial Lessons Learned from four

1465
01:05:53,800 --> 01:05:57,760
Speaker 5: forty four, you know, based on on Jay Z's album,

1466
01:05:58,280 --> 01:05:58,680
Speaker 5: and it's.

1467
01:05:58,560 --> 01:06:00,120
Speaker 7: Just said we're going to teach the cause now have

1468
01:06:01,080 --> 01:06:04,000
Speaker 7: to bro he designed podcast on.

1469
01:06:03,720 --> 01:06:07,200
Speaker 5: Absolutely absolutely, and so this book right here gives you

1470
01:06:07,200 --> 01:06:09,600
Speaker 5: a step by step guid on how to implement everything

1471
01:06:09,600 --> 01:06:12,040
Speaker 5: they talked about on the album, And and again I

1472
01:06:12,040 --> 01:06:15,439
Speaker 5: said this, I said this earlier. But until you own

1473
01:06:15,480 --> 01:06:18,120
Speaker 5: your own you can't be free. And that's the message.

1474
01:06:18,400 --> 01:06:20,240
Speaker 5: And in the wake up call, that's a message in

1475
01:06:20,280 --> 01:06:25,600
Speaker 5: house nomics. It's about ownership. Think about everybody who built wealth, right,

1476
01:06:25,760 --> 01:06:27,680
Speaker 5: J just crossed it. I know, I know we're over,

1477
01:06:27,760 --> 01:06:31,520
Speaker 5: but J just crossed the billion ala mark. Look at

1478
01:06:31,560 --> 01:06:33,400
Speaker 5: all of the things that he did to cross that

1479
01:06:33,440 --> 01:06:37,520
Speaker 5: billion dollar mark. All of it is ownership, ownership and businesses.

1480
01:06:37,960 --> 01:06:41,240
Speaker 5: Music was a small percentage of it. It's about ownership.

1481
01:06:41,520 --> 01:06:43,400
Speaker 3: I came into the game, went more money than puff.

1482
01:06:43,480 --> 01:06:43,720
Speaker 3: That's it.

1483
01:06:45,280 --> 01:06:51,080
Speaker 5: Money enough, hall them baby my full puff.

1484
01:06:52,560 --> 01:06:54,280
Speaker 3: All right, y'all, thank you for rocking with us. We'll

1485
01:06:54,280 --> 01:06:55,520
Speaker 3: see you next week. Peace please.

1486
01:07:22,320 --> 01:07:26,000
Speaker 10: An illegal alien from Guatemala charged with raping a child

1487
01:07:26,040 --> 01:07:29,840
Speaker 10: in Massachusetts. An MS thirteen gang member from Al Salvador

1488
01:07:30,080 --> 01:07:34,200
Speaker 10: accused of murdering a Texas man of Venezuelan charged with

1489
01:07:34,280 --> 01:07:38,160
Speaker 10: filming and selling child pornography in Michigan. These are just

1490
01:07:38,280 --> 01:07:42,040
Speaker 10: some of the heinous migrant criminals caught because of President

1491
01:07:42,080 --> 01:07:45,600
Speaker 10: Donald J. Trump's leadership. I'm Christy Noman, the United States

1492
01:07:45,680 --> 01:07:50,480
Speaker 10: Secretary of Homeland Security. Under President Trump, attempted illegal border

1493
01:07:50,480 --> 01:07:54,040
Speaker 10: crossings are at the lowest levels ever recorded, and over

1494
01:07:54,120 --> 01:07:57,320
Speaker 10: one hundred thousand illegal aliens have been arrested. If you

1495
01:07:57,400 --> 01:08:01,240
Speaker 10: are here illegally, your next you will be fine nearly

1496
01:08:01,320 --> 01:08:05,360
Speaker 10: one thousand dollars a day, imprisoned, and deported. You will

1497
01:08:05,400 --> 01:08:09,040
Speaker 10: never return. But if you register using our CBP home

1498
01:08:09,080 --> 01:08:12,440
Speaker 10: app and leave now, you could be allowed to return legally.

1499
01:08:12,840 --> 01:08:17,559
Speaker 10: Do what's right, leave now. Under President Trump, America's laws,

1500
01:08:17,720 --> 01:08:20,200
Speaker 10: border and families will be protected.

1501
01:08:20,280 --> 01:08:22,400
Speaker 3: Sponsored by the United States Department of Homeland Security,