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Speaker 1: Coach, the energy out there felt different. What changed for

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Speaker 1: the team today?

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Speaker 2: It was the new game day scratches from the California

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Speaker 2: Lottery players everything.

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Speaker 3: Those games sent the team's energy through the roof.

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Speaker 1: Are you saying it was the off field play that

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Speaker 1: made the difference on the field.

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Speaker 3: Hey, little play makes your day, and today it made

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Speaker 3: the game. That's all for now, coach, One more question.

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Speaker 1: Play the new Los Angeles Chargers, San Francisco forty nine

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Speaker 1: Ers and Los Angeles Rams scratchers from the California Lottery.

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Speaker 1: A little play can make your day. Peace made responsibil

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Speaker 1: must be eighteen years or older to purchase late or claim.

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Speaker 4: All right, guys, welcome back.

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Speaker 5: We got a very special edition today man Alsia Podcast,

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Speaker 5: So shout out to New Orleans Day and no sure

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Speaker 5: for sure, I'm looking for me and yeah.

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Speaker 4: Boys, yeah.

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Speaker 5: One of the best things about the podcast is that

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Speaker 5: we get to travel, and we even put out traveling.

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Speaker 5: We get to meet people from all different parts of

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Speaker 5: the world right in, different coaches and different dialects and

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Speaker 5: just different coaches. Is just it's really dope. So yeah,

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Speaker 5: we we we got my gy wall Street travel here today.

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Speaker 5: He's going to tell his story. He going to educate

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Speaker 5: us on the stock market, all kinds of stuff. But

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Speaker 5: once again, I wanted to give a shout out to

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Speaker 5: New Orleans because I always say, like New Orleans they

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Speaker 5: got every Every place in America has different accents, right,

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Speaker 5: depending on where you're at, but some places just you

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Speaker 5: can't miss, like right Baltimore and in New Orleans, they

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Speaker 5: got their own, especially New Orleans.

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Speaker 4: New York might have the strongest accent. Can't hear me,

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Speaker 4: what what does that mean?

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Speaker 3: Guy? My young friend, my guy, it's like saying, we

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Speaker 3: don't even use that.

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Speaker 6: When we heard you talking. I heard son, I heard

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Speaker 6: you kept saying, sound like I got a little New

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Speaker 6: York and them.

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Speaker 2: But you know I came out hand well, I was

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Speaker 2: in Delaware. I got some trouble.

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Speaker 5: So yeah, so yeah, So this is this is an

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Speaker 5: exciting episode because we covered stocks before, but we're more

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Speaker 5: more on a surface level, like it's like one on

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Speaker 5: one education. So I think this would be a little

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Speaker 5: bit more of advanced conversation. And the guests they have

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Speaker 5: different backgrounds. Everybody's everybody's past is different, and that's one

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Speaker 5: of the things that we really like to highlight with

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Speaker 5: the Legion podcast too, is that it's so crazy because

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Speaker 5: we have people that graduated from Harvard, We got people that.

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Speaker 4: Come off the street corner right school.

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Speaker 5: The beauty of it is that education can't be measured

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Speaker 5: in just one particular way.

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Speaker 6: It's limitless.

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Speaker 4: There's no walls to.

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Speaker 5: It, exactly exactly. Some of Man Wall Street travel is

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Speaker 5: a perfect example of this. So I give the people

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Speaker 5: a background. So you you learned about the stock market

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Speaker 5: while you was incarcerated, right, and then you came out

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Speaker 5: and you was telling me that you was actually working

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Speaker 5: as not a foreman is it an iron iron iron

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Speaker 5: iron worker at the time you was like saving like

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Speaker 5: seventy percent of your income and he was invested in

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Speaker 5: the stock market. And from there you just you know,

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Speaker 5: developed a system that you put in place and you

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Speaker 5: were able to quit your job and now you you

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Speaker 5: you're a full time investor as well as you have

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Speaker 5: an educational platform. It's while to teach people to invest.

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Speaker 5: So it's an inspirational story for sure. Sure, So yeah,

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Speaker 5: can we we talked about that. So how did you

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Speaker 5: all right, how did you get involved in the stock

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Speaker 5: market and how did you learn about stocks?

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Speaker 2: So I was in prison for like ten years, right,

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Speaker 2: I did ten years for a ten murder or river right,

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Speaker 2: that's sixteen.

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Speaker 3: Yeah, I was sixteen. Yeah, I went that was sixteen,

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Speaker 3: charged me as an adult.

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Speaker 2: So I got in a fight with these three dudes

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Speaker 2: in a sale with me, and they did what's called uh,

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Speaker 2: they ran a train on me. So that's when you

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Speaker 2: fight three. That's when you fight people back to back

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Speaker 2: without a break. And I didn't win. It's three against one,

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Speaker 2: but I fought time. Had nothing in me to the

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Speaker 2: storage come right, So I was busted up, but they

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Speaker 2: were bust up, right. So I go to the hole,

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Speaker 2: which is solitary confinement, and I'm in a hole with

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Speaker 2: this white guy, right, And I guess it just was

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Speaker 2: like on his brain because he just saw so many

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Speaker 2: black people there.

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Speaker 3: Like real talk.

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Speaker 2: He must have was just bothering him. And he's like

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Speaker 2: when I come to sell it, I'm like furious. I'm like, mama,

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Speaker 2: you know, like I'm just I mean, I'm still in

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Speaker 2: that moment, and he like, hey, bro, uh.

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Speaker 3: He was like y'all, y'all are playing the wrong game.

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Speaker 3: And I'm like, you think it's a game, bro, say

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Speaker 3: no game?

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Speaker 2: Man?

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Speaker 3: You see what we got going on here? But he

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Speaker 3: was like, I don't mean no disrespect by it.

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Speaker 2: But I'm like, well you've really been disrespectful right now, man,

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Speaker 2: Like I ain't trying to hear that man like, you know.

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Speaker 2: But I calmed down, you know, and he was like

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Speaker 2: I indulged in that conversation with him. I was like, so,

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Speaker 2: so what do you mean? And so he just told me,

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Speaker 2: he was like, you in here for you know, shooting somebody.

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Speaker 3: The average person.

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Speaker 2: Who's in here is on some drugs or shooting somebody

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Speaker 2: something like that. Y'all playing the wrong game. So I'm like, well,

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Speaker 2: you ain't here with me, so what game you're playing?

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Speaker 2: So you can tell what kind of charge somebody on

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Speaker 2: body risk band. So if it's if you're a if

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Speaker 2: you're on a capitol of fence or a violent crime

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Speaker 2: like I was on, you'll have a red band.

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Speaker 3: That's a murder of tim murder, carjack and kidnapping.

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Speaker 2: If you have a drug charge, it'll be an orange band.

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Speaker 2: If you have a misdemeanor charge, it's a yellow band.

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Speaker 2: And if you're a federal offense, it'll be a white

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Speaker 2: and red band.

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Speaker 3: In New Orleans, so he had a white and red band.

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Speaker 3: So I knew. I'm like, well, what you're in here for?

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Speaker 6: That?

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Speaker 2: So he was enough for embezzling some money from his

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Speaker 2: business two point eight million dollars.

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Speaker 6: Those are the white collar crime you did.

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Speaker 2: So he kept eight hundred thousand. No, he paid restitution

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Speaker 2: to eight hundred thousand and kept two million.

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Speaker 3: So I'm thinking he lies.

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Speaker 2: I'm like, well, one thing about prison is if I

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Speaker 2: see your paperwork, it'll tell me.

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Speaker 3: What you're in here for.

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Speaker 2: So he showed me a paperwork and I was like, oh,

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Speaker 2: like that got my attention. And so he just told

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Speaker 2: me three things that wealthy people do is they stop

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Speaker 2: trading time for money. They give value to people, and

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Speaker 2: they let their money work for them. And the best

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Speaker 2: ways for you to make money is through the stock market,

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Speaker 2: through real estate.

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Speaker 3: And through a business. And that's me paraphrasing it.

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Speaker 2: And because he taught me the stock market first, that's

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Speaker 2: what I went with.

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Speaker 3: And so through the remainder.

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Speaker 2: Of my prison sentence, I just educated myself about it

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Speaker 2: because I don't know how.

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Speaker 3: This is gonna sound, but I just saw a whole

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Speaker 3: bunch of white people.

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Speaker 2: On TV talking about millions of dollars all the time,

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Speaker 2: foreign language.

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Speaker 3: Yeah, like I was like, yo, what is this family?

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Speaker 2: And so in prison, it's crazy because a bunch of

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Speaker 2: grown men love to watch like the young and the wrestlers.

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Speaker 2: Br right, it's just crazy, like God in light and

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Speaker 2: stuff like this. But they he loved to watch that.

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Speaker 3: So instead of making that a fight, I would get

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Speaker 3: up before.

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Speaker 2: Them and watch the stock market early at like eight

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Speaker 2: o'clock in the morning.

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Speaker 3: Yeah.

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Speaker 2: I would watch and be seeing like early in the morning,

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Speaker 2: and I would be like, I just used to watch.

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Speaker 3: It was painful because I didn't understand it.

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Speaker 6: A lot of umber.

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Speaker 3: Yeah, I was like, what is this?

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Speaker 6: A lot of colors had.

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Speaker 2: Another dude was from Connecticut and he used to get

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Speaker 2: the USA Today, and so he used to let me

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Speaker 2: look at his USA Today and I would use that

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Speaker 2: and look at the stock market back and forth. That's

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Speaker 2: how I got the language started making sense to me

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Speaker 2: because whether than reading the interviews, I got to read

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Speaker 2: the actual business.

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Speaker 3: Section of the USA Today.

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Speaker 2: I got to actually see, you know, without trying to

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Speaker 2: record it in my brain.

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Speaker 3: I would see it in the newspaper.

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Speaker 2: And so once it became like regular, I started reading

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Speaker 2: rich Dad, Poor Dad, which I got introduced to by.

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Speaker 3: My home and he was doing a twenty years for manslaughter.

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Speaker 2: So once I got into rich that poor dad, it

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Speaker 2: was a mindset shift more than an investment book.

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Speaker 3: And so the two aligned.

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Speaker 2: Because I understood at that point, this is how we

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Speaker 2: play the wrong game.

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Speaker 3: Everybody I know, I know how to sell a dope.

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Speaker 3: Everybody everybody that I don't know, that's what they do.

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Speaker 3: Even with my moms.

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Speaker 2: You know, I saw my moms get shot, you know,

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Speaker 2: when I was young, When I was about nine, I

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Speaker 2: saw my moms get shot. And then like right the

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Speaker 2: next year, I saw my cousin get shot in the chest.

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Speaker 2: So everybody I knew was in the same circle. And

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Speaker 2: here are these people talking about stocks, ownership millions, billions,

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Speaker 2: and that just blew my brain. So I just stayed

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Speaker 2: with it and I got it, understood it. So that

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Speaker 2: was me just getting into the stock market right there.

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Speaker 5: And then I guess you from there, you just consumed

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Speaker 5: as much information as you could.

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Speaker 2: Well, in prison, you know you can. You got time,

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Speaker 2: Well you got times. You don't got time because you

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Speaker 2: got time because I ain't going to no club or nothing.

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Speaker 2: But I still gotta work every day, you know. So

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Speaker 2: I worked in New Orleans is not to cut you

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Speaker 2: off with.

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Speaker 5: In New Orleans, you you actually work right like like

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Speaker 5: I don't want to say chain gang, but like.

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Speaker 4: You work outside.

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Speaker 3: Yeah.

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Speaker 2: So I got transferred to prison. I went there for

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Speaker 2: a little while to help them with some sandbags. That's

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Speaker 2: the penitentiary. Yeah, that's the penitential. Yeah, that's the penitentiary.

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Speaker 2: But I was in. I was in two spots, one

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Speaker 2: called DCI, not dc I Felps Correctional Center. And then

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Speaker 2: they transferred me for smoking weed. So they made me

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Speaker 2: a high security risk. And so when I went to

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Speaker 2: a maximum security prison, that's when I got in a

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Speaker 2: chain and when they got to work and cell block.

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Speaker 4: So they got a real chain game.

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Speaker 2: Still yeah, yeah, they probably don't have it no more.

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Speaker 2: But when you're on the work and cell block, that's

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Speaker 2: what you're doing. You I cut trees down for about

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Speaker 2: one hundred and ninety days. How about you got paid,

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Speaker 2: uh a cent? Yeah, no, it's in an hour, in

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Speaker 2: an hour. Yeah, but when you're in this, you don't

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Speaker 2: get no paid. You don't get no paid. That's punishment.

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Speaker 2: That's like, that's the jail within the jail, and.

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Speaker 5: That's something that this is a little off topic. But

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Speaker 5: it's really not because it all comes down to finances.

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Speaker 5: But that's something that a lot of times people don't

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Speaker 5: fully understand, like when they make these documentaries the thirteenth

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Speaker 5: Year when they talk about like free label and stuff

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Speaker 5: like that. There it's a billion dollar industry as far

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Speaker 5: as prisoners working, but they're not getting it's free labor.

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Speaker 3: That's what that's that's the newer, that's the yo. Check

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Speaker 3: this out.

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Speaker 2: Just imagine just imagines driving on the highway and you

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Speaker 2: see acres of land. Now you see machines doing that.

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Speaker 2: So just imagine I'm the machine. So every day, three

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Speaker 2: of us, it's take four of us to cut a

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Speaker 2: tree down because three two of us gonna chop it

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Speaker 2: down and two of is gonna de root it, you

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Speaker 2: know what I'm saying, Like it may take us a

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Speaker 2: week to do that.

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Speaker 3: But just imagine they.

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Speaker 2: Got a hundred of us out there, two hundred of us,

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Speaker 2: like in the year's time, we're gonna run through that bitch,

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Speaker 2: you know what I'm saying. And then they're just going, Okay, well,

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Speaker 2: since we got eighteen million acres of land, let's just

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Speaker 2: go to the next passion. Okay, we don't got no

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Speaker 2: more trees right now. Okay, Well, y'all gonna plant mustard greens.

250
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Speaker 2: You're gonna pick daisies, whatever we got, y'all. You know

251
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Speaker 2: what I'm saying. Whatever, y'all gonna do it, You know

252
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Speaker 2: what I'm saying. So that that in itself, you gotta

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Speaker 2: do that.

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Speaker 6: One of the things about learning is that becomes very

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Speaker 6: exciting and you can feel it in yourself when you

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Speaker 6: grab something. So I'm just envisioned as you're learning about

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Speaker 6: stops right. Yeah, get in the environment where it's like

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Speaker 6: this dude's really trying to learn, and are you trying

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Speaker 6: to teach at that point? Right? Like how do you

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Speaker 6: share like all this wealth of knowledge? Are people like

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Speaker 6: I ain't trying to hear that right now? Right?

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Speaker 2: So, the thing about prison is so dope, bro, Like

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Speaker 2: it's because some of the smartest people you'll ever meet.

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Speaker 3: As though, like I'm talking, I say smart.

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Speaker 2: Like I got all my A lot of my tattoos

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Speaker 2: are done in prison, but they're done with an actual

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Speaker 2: like done like a real tattoo gun that they made.

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Speaker 2: So your mind, the mindset of people in prison, are

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Speaker 2: they with it? You just got to present it to them.

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Speaker 2: So for me, I wasn't in the teaching phase yet.

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Speaker 3: I was learned. I was a sponge for it.

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Speaker 2: But because everybody, like everybody is reading something, like you

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Speaker 2: got dudes reading on metaphysics, you got dudes reading on Islam,

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Speaker 2: you got dudes reading on Christianity, you got dudes reading on.

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Speaker 3: Five percent Nation.

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Speaker 2: Like everybody trying to tap into something, you know what

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Speaker 2: I'm saying. So for me, I was tapping it. Not

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Speaker 2: real estate is something a lot of dudes in prison

279
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Speaker 2: tap into a lot of dudes into prison tapping a

280
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Speaker 2: real estate because it's what you see and rich Dad,

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Speaker 2: Poor Dad is like it runs through prison, like his

282
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Speaker 2: run through prison. So for me, when I was reading

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Speaker 2: stocks it was like way different. I was like by

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Speaker 2: myself and it was like what you're reading free, Like, man,

285
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Speaker 2: I'm reading the stock Mark, but it's just serious right here.

286
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Speaker 3: And I would but I would actually get the paper

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Speaker 3: and read it.

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Speaker 2: So I didn't really get into the teaching aspect of

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Speaker 2: it until I came home.

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Speaker 3: Like once I came home.

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Speaker 2: They were recepted to it because again not saying like

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Speaker 2: I was just John Gotti or something in the streets.

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Speaker 3: I was just a regular dude in the hood. Just

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Speaker 3: getting it out.

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Speaker 2: Everybody else get it out the hood, you know what

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Speaker 2: I'm saying. So, but my perspective was different, So we

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Speaker 2: learned from who we can relate to and who can

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Speaker 2: break the message down the best.

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Speaker 3: So for me, it was simple, bruh. We like to

300
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Speaker 3: wear design to clothes.

301
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Speaker 2: I love Louis Baton, I love Gucci, I love I

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Speaker 2: love Findy, like love Findy, and all my homies drank him.

303
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Speaker 2: They're all owned well, most of them are owned by

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Speaker 2: a business called LVMH, which the guy is like in

305
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Speaker 2: the top three richest people in the world. So if

306
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Speaker 2: Louis Baton, mot Hennessy on why a cell and they're

307
00:14:24,160 --> 00:14:27,880
Speaker 2: on Louis Vaton and they on Hennessy and they're on

308
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Speaker 2: Mowet and this is what we're buying in the club.

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Speaker 3: It feel different when you own it.

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Speaker 2: So I a still tell my partners, if we're gonna

311
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Speaker 2: go to the club, why not just own it? And

312
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Speaker 2: now we're flexing different, we're stunning different because now we

313
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Speaker 2: own Hennessy. So everybody you pop is your own business.

314
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Speaker 2: That was intriguing to you know, like damns like.

315
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Speaker 3: Real got them, now you got me.

316
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Speaker 2: And then it was with Thams like this company VFC,

317
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Speaker 2: like they own Dickies, they own Timberland, they own Vans.

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Speaker 2: So I would tell my homies like, Bro, we were

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Speaker 2: a teams every day. We were at Dickies every day. Bro,

320
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Speaker 2: let's own it. And they were like on my own.

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Speaker 2: I'm like, yo, Like, if you buy a stock in

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Speaker 2: the business, you are literally a shareholder.

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Speaker 3: You got a piece of the pie.

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Speaker 2: Bro. So they bought into it. And so once they

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Speaker 2: bought into that, the next thing.

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Speaker 3: Was, Yo, check this out. If you go to prison.

327
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Speaker 2: And you come home, you don't have no money. So

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Speaker 2: now you're scrambling again. You're taking the chances again. But

329
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Speaker 2: what if everything we hustled for we put a portion

330
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Speaker 2: of it in the stock market.

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Speaker 6: Because that was the initial purpose, right, let me help

332
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Speaker 6: let me money clean the money, clean the money.

333
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Speaker 3: Because we always looking for a way to clean money.

334
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Speaker 2: And they're looking for us to have a laundromat, or

335
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Speaker 2: they're looking for us to have a call wash or

336
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Speaker 2: a barber shop. They're not playing us to be small enough.

337
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Speaker 2: And I probably be explosed. Was in the game right

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Speaker 2: now you feel me like, yeah, I said, But for.

339
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Speaker 3: Me, it was if they don't think we're that smart.

340
00:16:10,120 --> 00:16:14,760
Speaker 2: We have the advantage, right, they're not expecting it even

341
00:16:14,800 --> 00:16:19,400
Speaker 2: when they great great situation when they when they kicked

342
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Speaker 2: my door in a twenty ten, my door got kicked in.

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Speaker 3: They ramshacked my house.

344
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Speaker 2: They even took my escalator, but they couldn't take it

345
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Speaker 2: because I still was paying a note on it. They

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00:16:30,320 --> 00:16:32,760
Speaker 2: looked at all my bank accounts, but they never looked

347
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Speaker 2: at what I had invested.

348
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Speaker 3: That was never even an option. I thought it wasn't

349
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Speaker 3: even he not that smart. You feel what I'm saying.

350
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Speaker 2: So the initial goals to me, bro, this's how we

351
00:16:42,120 --> 00:16:45,080
Speaker 2: clean money. This is how we can you know, get

352
00:16:45,120 --> 00:16:50,960
Speaker 2: advantage in the game. That part resonated and also it

353
00:16:51,080 --> 00:16:52,960
Speaker 2: was like, okay, let's say we got because we run it.

354
00:16:53,040 --> 00:16:54,840
Speaker 2: Nobody runs through more money than the dough ball and

355
00:16:54,880 --> 00:16:55,440
Speaker 2: a strip of yo.

356
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Speaker 3: Nobody. Fact, fact, nobody, nobody.

357
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Speaker 4: Maybe a rapper, probably a rather athlete.

358
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Speaker 2: No, but see, he gotta get a check. Were talking

359
00:17:05,119 --> 00:17:07,840
Speaker 2: every day, hand in hand. He got to get a

360
00:17:07,920 --> 00:17:10,359
Speaker 2: check every week. We talking every day, hand in hand,

361
00:17:10,760 --> 00:17:13,679
Speaker 2: like you're not touching it like that, but he's oh

362
00:17:13,720 --> 00:17:16,760
Speaker 2: he blows it. Oh he blows the same principle even saying,

363
00:17:16,880 --> 00:17:20,359
Speaker 2: but it was because we touching money every day, because

364
00:17:20,400 --> 00:17:23,919
Speaker 2: we touching it every day all day like yo. Like

365
00:17:24,040 --> 00:17:26,280
Speaker 2: for me, it was nothing. I can easily star. I

366
00:17:26,359 --> 00:17:27,920
Speaker 2: was making about two thousand dollars a day.

367
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Speaker 3: Easy.

368
00:17:29,800 --> 00:17:31,360
Speaker 2: It's nothing for me to take. Okay, let me take

369
00:17:31,359 --> 00:17:33,160
Speaker 2: seve hundred dollars, put that in a stock market right quick,

370
00:17:33,760 --> 00:17:36,360
Speaker 2: like it's nothing. It's just it's just that quick. Now

371
00:17:36,440 --> 00:17:41,159
Speaker 2: it's even easier. So it's like, okay, let's say you

372
00:17:41,280 --> 00:17:45,120
Speaker 2: go do a ten year bid and you got you done,

373
00:17:45,119 --> 00:17:49,760
Speaker 2: accumulated twelve thirteen, fifteen thousand dollars before you got popped.

374
00:17:51,200 --> 00:17:54,040
Speaker 2: If you go do a ten year bid, and your

375
00:17:54,080 --> 00:17:57,800
Speaker 2: money in a stock market when you come home, depending

376
00:17:57,840 --> 00:18:01,440
Speaker 2: on how to stock performing, the market going averages nine

377
00:18:01,480 --> 00:18:04,960
Speaker 2: to ten percent, so your ten bands are your twenty

378
00:18:05,040 --> 00:18:07,679
Speaker 2: bands can easily be an extra ten thousand dollars over

379
00:18:07,720 --> 00:18:09,640
Speaker 2: a ten year times man. And you because you ain't

380
00:18:09,680 --> 00:18:12,480
Speaker 2: do nothing with it and you reinvested everything. Now you

381
00:18:12,520 --> 00:18:13,800
Speaker 2: ain't gotta come home and scramble.

382
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Speaker 3: You know what I'm saying. You don't have to come

383
00:18:16,720 --> 00:18:18,919
Speaker 3: home and scramble no more. You you up. You you

384
00:18:19,080 --> 00:18:20,040
Speaker 3: literally beat the game.

385
00:18:21,040 --> 00:18:23,560
Speaker 2: Or if you gotta lay down for a long time

386
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Speaker 2: or you get killed.

387
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Speaker 3: You left your people something.

388
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Speaker 6: At the peak of it, how many how many people

389
00:18:32,200 --> 00:18:32,639
Speaker 6: did you have?

390
00:18:32,840 --> 00:18:33,439
Speaker 3: Everybody in my.

391
00:18:33,440 --> 00:18:35,480
Speaker 6: Hood, everybody the whole hood where you from?

392
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Speaker 4: What part?

393
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Speaker 2: I'm from mid City says, right across the track from

394
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Speaker 2: the seventeen Well, you know.

395
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Speaker 3: Everybody, see I'm right across the track from that, right

396
00:18:45,960 --> 00:18:46,760
Speaker 3: across your track from that.

397
00:18:46,840 --> 00:18:50,199
Speaker 2: So like my hood kind of like we like, oh,

398
00:18:50,240 --> 00:18:51,600
Speaker 2: we're from the seventeen too, you.

399
00:18:51,520 --> 00:18:54,280
Speaker 3: Know what, I know what I'm saying. That's that's two

400
00:18:54,320 --> 00:18:54,920
Speaker 3: you know what I'm saying.

401
00:18:55,080 --> 00:18:58,440
Speaker 2: But because everybody in that from that part, like we

402
00:18:58,480 --> 00:19:00,640
Speaker 2: went to school together, they came on the track, they

403
00:19:00,760 --> 00:19:01,679
Speaker 2: dealt with our people.

404
00:19:02,160 --> 00:19:03,400
Speaker 3: It was it was a good thing.

405
00:19:03,480 --> 00:19:06,000
Speaker 2: But then right across it on this side is like

406
00:19:06,040 --> 00:19:07,600
Speaker 2: the third ward.

407
00:19:07,680 --> 00:19:08,280
Speaker 3: You know what I'm saying.

408
00:19:08,680 --> 00:19:12,680
Speaker 2: Yeah, so it was like it's complex, but if we understand.

409
00:19:12,200 --> 00:19:13,160
Speaker 3: It, you know what I'm saying.

410
00:19:13,200 --> 00:19:15,920
Speaker 2: But I was right across the track from right across

411
00:19:15,920 --> 00:19:19,000
Speaker 2: track from how they wrote. So like like everybody in

412
00:19:19,840 --> 00:19:22,439
Speaker 2: when I came home, everybody who I dealt with in

413
00:19:22,480 --> 00:19:25,560
Speaker 2: that circle, we was with it. It was with it,

414
00:19:25,760 --> 00:19:28,000
Speaker 2: and they're still with it. Dope that they're still with it.

415
00:19:28,080 --> 00:19:29,439
Speaker 6: So you changed the narrative for real.

416
00:19:29,640 --> 00:19:31,560
Speaker 3: That's what for me, that's what it was about. It

417
00:19:31,640 --> 00:19:32,119
Speaker 3: was about me.

418
00:19:32,720 --> 00:19:36,840
Speaker 2: Like one of my partners told me this, He said, Bro,

419
00:19:37,240 --> 00:19:39,080
Speaker 2: y'all probably blurred this out. He said, Bro, you a

420
00:19:39,080 --> 00:19:42,439
Speaker 2: squeat nigga in the street, nigga bout it? And I

421
00:19:42,520 --> 00:19:46,080
Speaker 2: was like what he was like, because you think different,

422
00:19:47,359 --> 00:19:49,560
Speaker 2: Like we would have never thought of that in our mind.

423
00:19:49,600 --> 00:19:51,399
Speaker 2: We like, Okay, how can we take this money go

424
00:19:51,440 --> 00:19:53,680
Speaker 2: get a business? And you're thinking about buying the whole

425
00:19:53,760 --> 00:19:56,240
Speaker 2: damn business like that's some next level ship.

426
00:19:56,480 --> 00:19:58,639
Speaker 6: Yeah, I mean you talk about that a lot. That,

427
00:19:58,760 --> 00:20:02,119
Speaker 6: the feeling of ownership, the power of ownership. What was

428
00:20:02,160 --> 00:20:04,040
Speaker 6: it like when you got to see your partners actually

429
00:20:04,040 --> 00:20:05,359
Speaker 6: have that feeling for themselves.

430
00:20:05,440 --> 00:20:09,159
Speaker 2: That was better than anything that was a euphoric because

431
00:20:09,400 --> 00:20:11,880
Speaker 2: I knew at that point we touched something that nobody

432
00:20:11,920 --> 00:20:12,560
Speaker 2: never taught us.

433
00:20:13,480 --> 00:20:15,679
Speaker 3: Nobody never taught us about investing.

434
00:20:16,359 --> 00:20:19,360
Speaker 2: Everybody teaches us how to blow money, work for it,

435
00:20:19,800 --> 00:20:22,800
Speaker 2: blow it, work for it. That's the way the system designed.

436
00:20:23,000 --> 00:20:25,000
Speaker 2: It's designed for us to make money and spend money.

437
00:20:25,000 --> 00:20:28,320
Speaker 2: That's why they that's why companies spend billions of dollars

438
00:20:28,320 --> 00:20:31,080
Speaker 2: on market, and it adds because that's why people spend

439
00:20:31,160 --> 00:20:34,080
Speaker 2: two million dollars to have the supermowl commercial for sixty seconds.

440
00:20:34,200 --> 00:20:35,280
Speaker 3: I need to be in your face.

441
00:20:35,840 --> 00:20:37,840
Speaker 2: It's the same reason why we listen to it some

442
00:20:37,840 --> 00:20:39,480
Speaker 2: on one time. I don't like it, but you listen

443
00:20:39,560 --> 00:20:40,800
Speaker 2: to it three full time on the radio.

444
00:20:40,840 --> 00:20:43,320
Speaker 3: You love it nothing, you know the words to it.

445
00:20:43,520 --> 00:20:44,640
Speaker 3: Same thing I'm.

446
00:20:44,560 --> 00:20:47,119
Speaker 2: Gonna put in your face enough, you're going to buy it.

447
00:20:47,240 --> 00:20:53,520
Speaker 2: And even with this, I learned that colors, like every

448
00:20:53,560 --> 00:20:56,200
Speaker 2: fast food place, if you think about it, what color

449
00:20:56,280 --> 00:20:57,119
Speaker 2: is their logo?

450
00:20:57,400 --> 00:20:57,560
Speaker 4: Right?

451
00:20:57,960 --> 00:20:59,359
Speaker 3: Red? Red, sick?

452
00:21:00,040 --> 00:21:03,600
Speaker 2: It makes you hungry. Red makes you hungry. That's this

453
00:21:03,640 --> 00:21:06,240
Speaker 2: whole psychological game. And we don't know about like red.

454
00:21:06,280 --> 00:21:08,960
Speaker 2: I studied that, like red is a color that makes

455
00:21:09,000 --> 00:21:13,280
Speaker 2: you say, man, I'm hungry. Think about them, like majority

456
00:21:13,280 --> 00:21:16,040
Speaker 2: of them are red. So I was just like, yo,

457
00:21:16,080 --> 00:21:18,960
Speaker 2: were just playing. We're just not playing this game to win,

458
00:21:19,119 --> 00:21:22,000
Speaker 2: like it's not in our favor. But I'm not mad

459
00:21:22,040 --> 00:21:24,560
Speaker 2: at the system though. You just got to find a

460
00:21:24,560 --> 00:21:26,480
Speaker 2: way to be a way to play the game. You

461
00:21:26,480 --> 00:21:28,080
Speaker 2: can't even beat it, you gotta find way to play it.

462
00:21:28,200 --> 00:21:30,359
Speaker 2: Playing the wrong game, you playing the wrong game. So

463
00:21:30,400 --> 00:21:32,919
Speaker 2: for me, when once my partners tapped into it, I

464
00:21:33,040 --> 00:21:34,119
Speaker 2: was like, oh yeah, we winning.

465
00:21:34,119 --> 00:21:36,359
Speaker 3: We're doing something. You know, we're doing something.

466
00:21:36,520 --> 00:21:36,960
Speaker 4: All right.

467
00:21:37,040 --> 00:21:38,679
Speaker 5: So in the next said we're gonna talk about how

468
00:21:38,720 --> 00:21:40,800
Speaker 5: to play the game. We're gonna bring up the d

469
00:21:41,119 --> 00:21:42,840
Speaker 5: on the stock market, all right, So now we're going

470
00:21:42,920 --> 00:21:44,679
Speaker 5: to talk about all right, so you you made the

471
00:21:44,720 --> 00:21:51,159
Speaker 5: transition from the street well prison to helping educating brothers

472
00:21:51,160 --> 00:21:53,919
Speaker 5: on the street corner, and then you were working. And

473
00:21:53,960 --> 00:21:57,200
Speaker 5: then but as you were working, you were still saving investing.

474
00:21:57,680 --> 00:21:59,320
Speaker 5: Then you made that journey to be in a full

475
00:21:59,359 --> 00:22:03,560
Speaker 5: time invest the entrepreneur educator. So all right, we're going

476
00:22:03,600 --> 00:22:05,880
Speaker 5: to talk about some some some some concepts as far

477
00:22:05,880 --> 00:22:09,600
Speaker 5: as so stocks. If anybody's not familiar, that's something that

478
00:22:09,680 --> 00:22:12,159
Speaker 5: is very near and dead in my heart because that

479
00:22:12,320 --> 00:22:14,080
Speaker 5: was like one of my first passions.

480
00:22:14,080 --> 00:22:16,440
Speaker 4: And like I did, I.

481
00:22:16,359 --> 00:22:17,680
Speaker 5: Was in love with the stock mark when I was

482
00:22:17,720 --> 00:22:20,639
Speaker 5: like eleven years old, Like every it was very I

483
00:22:20,680 --> 00:22:22,520
Speaker 5: look back on it now and it's very strange, but

484
00:22:22,560 --> 00:22:26,040
Speaker 5: it was like my favorite movies was like Wall Street

485
00:22:26,200 --> 00:22:29,199
Speaker 5: and like you know, Barbarians at the Gate, and I

486
00:22:29,240 --> 00:22:30,639
Speaker 5: wanted to be a corporate takeover and that was the

487
00:22:30,720 --> 00:22:32,440
Speaker 5: first career I wanted to do. When I was twelve

488
00:22:32,480 --> 00:22:33,680
Speaker 5: years old, people will be like, what do you want

489
00:22:33,680 --> 00:22:35,600
Speaker 5: to do with average kid is like, you know, basketball player,

490
00:22:35,640 --> 00:22:41,520
Speaker 5: firefight might want to be a corporate takeover. It was

491
00:22:41,560 --> 00:22:43,520
Speaker 5: just intriguing to me. It was just really intriguing to me.

492
00:22:43,560 --> 00:22:44,879
Speaker 5: I went to Wall Street. My dad took me to

493
00:22:44,880 --> 00:22:47,040
Speaker 5: Wall Street when I was a kid, and I just

494
00:22:47,119 --> 00:22:50,159
Speaker 5: I was always just intrigued by how fast it was

495
00:22:50,200 --> 00:22:50,600
Speaker 5: moving and.

496
00:22:52,200 --> 00:22:52,560
Speaker 3: Finance.

497
00:22:52,640 --> 00:22:54,600
Speaker 4: Yeah, that's what I'm saying. So it was just intriguing.

498
00:22:54,720 --> 00:22:58,000
Speaker 5: So so I say that to say, yeah, this, this

499
00:22:58,080 --> 00:22:59,800
Speaker 5: is something I definitely was looking forward to having this

500
00:22:59,840 --> 00:23:03,760
Speaker 5: kindversation because, like I said, real estate, everybody's in real estate,

501
00:23:03,760 --> 00:23:06,640
Speaker 5: and real estate is important. It's extremely important to own

502
00:23:07,040 --> 00:23:09,920
Speaker 5: the land and to owned buildings and to own stores.

503
00:23:09,960 --> 00:23:14,360
Speaker 5: But I think stock stocks don't really get enough light,

504
00:23:15,080 --> 00:23:17,160
Speaker 5: especially in our community, because they feel like it's something

505
00:23:17,160 --> 00:23:19,760
Speaker 5: that's too complicated over their heads, or it moves at

506
00:23:19,760 --> 00:23:23,760
Speaker 5: a slower pace than something even though real estate can

507
00:23:23,800 --> 00:23:25,720
Speaker 5: move in a slow pace too, But people are, like

508
00:23:25,760 --> 00:23:29,760
Speaker 5: we said off camera, they're fascinated with the quick flips,

509
00:23:29,880 --> 00:23:31,679
Speaker 5: you know what I mean. So it's like people if

510
00:23:31,680 --> 00:23:35,159
Speaker 5: they do get involved in investing trading, they want to

511
00:23:35,200 --> 00:23:39,400
Speaker 5: go like crypto, like they're saying with even.

512
00:23:40,200 --> 00:23:41,000
Speaker 6: Not that word again.

513
00:23:41,440 --> 00:23:45,600
Speaker 2: So also because it's not tangible, right that they don't

514
00:23:45,600 --> 00:23:46,680
Speaker 2: see the tangible.

515
00:23:46,280 --> 00:23:48,480
Speaker 4: As they don't they don't fully understand it. People still

516
00:23:48,480 --> 00:23:49,359
Speaker 4: don't fully understand it.

517
00:23:49,400 --> 00:23:53,399
Speaker 5: So all right, stock market investing, right, talk about what

518
00:23:53,600 --> 00:23:59,359
Speaker 5: is your theory? But from buying and holding and day trading,

519
00:23:59,359 --> 00:24:01,680
Speaker 5: because that's kind of like the two trains of thought

520
00:24:01,720 --> 00:24:03,879
Speaker 5: and investing. It's like day trading. Anybody's not familiar with

521
00:24:03,920 --> 00:24:05,879
Speaker 5: da trading. That's when you're actually buying a stock and

522
00:24:05,920 --> 00:24:08,680
Speaker 5: you're trading it in today sometimes like within a couple

523
00:24:08,720 --> 00:24:12,240
Speaker 5: of minutes, and you're getting your profits. Whereas buying hole

524
00:24:12,400 --> 00:24:15,360
Speaker 5: there's more you're buying and you're you're holding long term.

525
00:24:15,560 --> 00:24:17,879
Speaker 5: That long term could be six months, a year, ten years,

526
00:24:17,880 --> 00:24:21,400
Speaker 5: twenty five years, but you're not looking to make quick decisions.

527
00:24:21,440 --> 00:24:27,639
Speaker 5: So what's your theory between buying long term and day trading?

528
00:24:28,119 --> 00:24:32,399
Speaker 3: Alright? So with buying long term, that's what.

529
00:24:32,480 --> 00:24:37,000
Speaker 2: The wealth is at because when you buy a long

530
00:24:37,080 --> 00:24:42,560
Speaker 2: term you're not affected by the short term plivities that.

531
00:24:42,640 --> 00:24:45,199
Speaker 3: Go on in the market, and you can't control that.

532
00:24:46,600 --> 00:24:51,640
Speaker 2: So because I can't control that, I want to say

533
00:24:52,160 --> 00:24:59,080
Speaker 2: I'm willing to wait that out right, Whereas with day trading,

534
00:24:59,280 --> 00:25:00,360
Speaker 2: it's a high.

535
00:25:01,280 --> 00:25:04,879
Speaker 3: It's like, yo, this just went.

536
00:25:04,800 --> 00:25:09,080
Speaker 2: Up some about to get this bread and I'm gonna

537
00:25:09,080 --> 00:25:12,960
Speaker 2: get out. But what people don't tell you about day

538
00:25:13,000 --> 00:25:15,280
Speaker 2: tree and I have nothing against because the money in it,

539
00:25:15,840 --> 00:25:19,160
Speaker 2: but those capital gains taxes that come with it gonna

540
00:25:19,160 --> 00:25:19,800
Speaker 2: eat away.

541
00:25:19,560 --> 00:25:20,240
Speaker 3: At your profit.

542
00:25:20,560 --> 00:25:26,280
Speaker 2: Right with stock marked with the way that I invest,

543
00:25:26,840 --> 00:25:27,520
Speaker 2: my goal is.

544
00:25:27,480 --> 00:25:29,000
Speaker 3: To just hold it at least for a year and

545
00:25:29,080 --> 00:25:29,440
Speaker 3: a day.

546
00:25:29,680 --> 00:25:30,919
Speaker 4: So all right, let's talk about that.

547
00:25:31,040 --> 00:25:36,320
Speaker 5: So capital gains for most people, it's like fifteen person.

548
00:25:35,600 --> 00:25:39,120
Speaker 3: Nah, twenty twenty nine, twenty eight.

549
00:25:39,200 --> 00:25:41,680
Speaker 2: Short term capital gains, oh yeah, you go, you're gonna

550
00:25:41,680 --> 00:25:42,680
Speaker 2: go with eighteen.

551
00:25:42,560 --> 00:25:45,280
Speaker 5: Yeah, because long term capital gain is fifteen percent, so yeah,

552
00:25:45,320 --> 00:25:48,560
Speaker 5: so short term capital gains, yeah, it's higher. So capital

553
00:25:48,600 --> 00:25:50,800
Speaker 5: gains is when you sell a stock, you gotta pay

554
00:25:50,840 --> 00:25:54,560
Speaker 5: taxes on that. And I ask you said, and the

555
00:25:54,640 --> 00:25:58,400
Speaker 5: short term capital gains is more than long term capital gains,

556
00:25:58,400 --> 00:26:00,400
Speaker 5: which is an incentive to hold it in ang term

557
00:26:00,400 --> 00:26:01,960
Speaker 5: capital game started a year, right.

558
00:26:01,880 --> 00:26:03,840
Speaker 6: All right, So if I got I bought a stock

559
00:26:03,880 --> 00:26:05,560
Speaker 6: one hundred dollars, I made one hundred and fifty. I'm

560
00:26:05,560 --> 00:26:06,400
Speaker 6: paying a tax on the fifty.

561
00:26:06,400 --> 00:26:07,600
Speaker 3: You're gonna pay a tax on a fifty.

562
00:26:08,240 --> 00:26:10,160
Speaker 2: Now, if you hold it for a year and a day,

563
00:26:10,720 --> 00:26:12,359
Speaker 2: you're only gonna pay about twelve percent.

564
00:26:13,520 --> 00:26:15,920
Speaker 3: If you hold it for six months, you'll pay about

565
00:26:15,920 --> 00:26:16,920
Speaker 3: twenty two.

566
00:26:17,520 --> 00:26:20,320
Speaker 2: So the goal is just and so the goal in

567
00:26:20,440 --> 00:26:23,720
Speaker 2: building wealth, and it's simply this. It's not about how

568
00:26:23,800 --> 00:26:26,040
Speaker 2: much money you make, it's about how much you keep.

569
00:26:26,400 --> 00:26:27,120
Speaker 4: That's the fact.

570
00:26:27,880 --> 00:26:30,360
Speaker 2: So for me, I want to keep as much as

571
00:26:30,359 --> 00:26:33,679
Speaker 2: I can. And so if I got to hold it

572
00:26:33,680 --> 00:26:35,600
Speaker 2: for a year and a day, I'm cool with that.

573
00:26:36,359 --> 00:26:38,880
Speaker 2: I'm cool with it because I've gained equity in it.

574
00:26:39,000 --> 00:26:40,960
Speaker 2: And if they're paying dividends, I don't got some. I

575
00:26:40,960 --> 00:26:44,480
Speaker 2: don't got full quarters with the dividends, and I made

576
00:26:44,480 --> 00:26:44,920
Speaker 2: my bread.

577
00:26:45,720 --> 00:26:48,679
Speaker 3: I'm good. And see that's the part of like trading

578
00:26:48,680 --> 00:26:49,600
Speaker 3: that people don't talk about.

579
00:26:50,280 --> 00:26:50,440
Speaker 6: Right.

580
00:26:50,480 --> 00:26:51,679
Speaker 4: It's like you said, it's not sexy.

581
00:26:51,720 --> 00:26:54,960
Speaker 5: It ain't sexy, and they want they want short term

582
00:26:55,000 --> 00:26:59,400
Speaker 5: gratification without you know, being in it for the long haul.

583
00:26:59,800 --> 00:27:00,000
Speaker 4: Right.

584
00:27:00,160 --> 00:27:04,080
Speaker 5: And the thing about it is that nothing happens overnight nothing,

585
00:27:04,520 --> 00:27:07,240
Speaker 5: and you don't. You don't build wealth overnight as well,

586
00:27:07,280 --> 00:27:10,400
Speaker 5: And it's important. I always tell my climate financial advisor.

587
00:27:10,440 --> 00:27:12,040
Speaker 5: I tell my clients whole time, you have to you

588
00:27:12,040 --> 00:27:14,040
Speaker 5: have to diversify, like you can't put all your eggs

589
00:27:14,040 --> 00:27:16,879
Speaker 5: in any one basket. Right, you got diversified, so you

590
00:27:16,960 --> 00:27:20,840
Speaker 5: might have real estate, but it doesn't. It's not healthy

591
00:27:20,880 --> 00:27:23,480
Speaker 5: to just put every dollar that you have into me now, right,

592
00:27:23,480 --> 00:27:26,080
Speaker 5: it does. It's common sense for a lot of different reasons.

593
00:27:26,600 --> 00:27:30,399
Speaker 5: But stocks is a key wealth building tool and it

594
00:27:30,440 --> 00:27:33,119
Speaker 5: should definitely be part of somebody. Most people are invested

595
00:27:33,160 --> 00:27:34,920
Speaker 5: in stock market without them even knowing it because of

596
00:27:34,960 --> 00:27:35,800
Speaker 5: the four one K plan.

597
00:27:36,480 --> 00:27:36,680
Speaker 4: Right.

598
00:27:37,400 --> 00:27:40,080
Speaker 5: So dividends, right, because this is something that we haven't

599
00:27:40,119 --> 00:27:42,640
Speaker 5: covered and a lot of people have heard of dividends,

600
00:27:42,640 --> 00:27:44,560
Speaker 5: but they don't fully understand what a dividend is.

601
00:27:44,640 --> 00:27:46,560
Speaker 6: So what is a dividend? You said, that's one of

602
00:27:46,600 --> 00:27:47,439
Speaker 6: the strategies you use.

603
00:27:49,200 --> 00:27:49,760
Speaker 3: So it happens.

604
00:27:49,840 --> 00:27:54,320
Speaker 2: Is dividends are a portion of the profit that companies

605
00:27:54,400 --> 00:27:58,720
Speaker 2: pay to people who are invested in a business.

606
00:27:57,640 --> 00:27:59,439
Speaker 3: Not the revenue, but the profit.

607
00:27:59,560 --> 00:28:02,160
Speaker 2: So if I have a business that brings in ten

608
00:28:02,200 --> 00:28:07,320
Speaker 2: thousand dollars a month and I profit five thousand dollars

609
00:28:07,359 --> 00:28:10,960
Speaker 2: a month. Then out of that five thousand dollars, I'll

610
00:28:11,000 --> 00:28:13,879
Speaker 2: take a percentage of that, which is called the dividend yield,

611
00:28:14,640 --> 00:28:18,080
Speaker 2: and I'll pay it to my investors as a part

612
00:28:18,560 --> 00:28:21,639
Speaker 2: of saying hey, thank you for investing in my business.

613
00:28:21,680 --> 00:28:24,600
Speaker 6: Is it paid equally or obviously depending on how many

614
00:28:24,600 --> 00:28:25,600
Speaker 6: shares you have, you get more.

615
00:28:26,000 --> 00:28:26,160
Speaker 3: Now.

616
00:28:26,320 --> 00:28:29,080
Speaker 2: Yeah, well, the dividend is the same. So if I

617
00:28:29,119 --> 00:28:31,600
Speaker 2: pay fifty cent a ship, everybody, which is two dollars

618
00:28:31,600 --> 00:28:36,679
Speaker 2: a year, everybody gets that depending on how much you have.

619
00:28:36,760 --> 00:28:39,080
Speaker 3: If you got five, I have ten, you have fifteen,

620
00:28:39,120 --> 00:28:40,560
Speaker 3: and we will all get a different amount.

621
00:28:40,640 --> 00:28:43,960
Speaker 2: But the underlying asset value is the same.

622
00:28:44,080 --> 00:28:46,400
Speaker 5: So what are what are what are some top companies

623
00:28:46,400 --> 00:28:47,680
Speaker 5: as far as dividends these days?

624
00:28:47,760 --> 00:28:49,720
Speaker 4: What are they at?

625
00:28:49,880 --> 00:28:57,400
Speaker 2: And T pays seven six percent? That's major now, so

626
00:28:57,480 --> 00:28:59,400
Speaker 2: this is a dupe part. So we talk about real

627
00:28:59,480 --> 00:29:04,520
Speaker 2: estate right, the real estate aspect of the stock market,

628
00:29:04,720 --> 00:29:07,960
Speaker 2: which is called real estate investment trust, which is a

629
00:29:08,560 --> 00:29:14,360
Speaker 2: rep which is saying I can own Walmart as a business,

630
00:29:14,720 --> 00:29:17,360
Speaker 2: and I can own the people who Walmart pay rent

631
00:29:17,400 --> 00:29:21,120
Speaker 2: to because they don't own the building, they just own

632
00:29:21,200 --> 00:29:27,360
Speaker 2: the name. Like Amazon, has a warehouse. I can own Amazon,

633
00:29:28,000 --> 00:29:31,960
Speaker 2: and I can also own the warehouse. Who pay who

634
00:29:32,000 --> 00:29:36,960
Speaker 2: Amazon pays the rent to rates? Pay higher dividends. We

635
00:29:37,120 --> 00:29:42,920
Speaker 2: talking twelve percent, nine percent, seven percent, So individual stocks

636
00:29:44,320 --> 00:29:52,880
Speaker 2: at and T, Macy's, Century Li. Now that's a bad business,

637
00:29:53,400 --> 00:29:56,120
Speaker 2: but they pay a high dividend. That's what's called a

638
00:29:56,160 --> 00:29:57,760
Speaker 2: dividend trap. We're not going to get into that.

639
00:29:58,480 --> 00:30:00,840
Speaker 6: How they disperse quarter how this person.

640
00:30:00,920 --> 00:30:02,160
Speaker 3: So every business is different.

641
00:30:02,240 --> 00:30:05,160
Speaker 2: So with a lot of the ates they come out,

642
00:30:06,080 --> 00:30:07,960
Speaker 2: some of them pay monthly and some Rember I was

643
00:30:07,960 --> 00:30:11,080
Speaker 2: telling you that I have businesses. One of my businesses

644
00:30:11,120 --> 00:30:14,320
Speaker 2: is Apple Reality. They own one hundred and twenty eight

645
00:30:14,400 --> 00:30:19,920
Speaker 2: Chatons and the Hilton's and two hundred and something Marriotts.

646
00:30:21,480 --> 00:30:23,960
Speaker 3: They're not going out of business in his armes Zoom,

647
00:30:24,200 --> 00:30:25,240
Speaker 3: but they pay me, I.

648
00:30:25,200 --> 00:30:27,640
Speaker 2: Think at a nine percent rate on their rates, and

649
00:30:27,680 --> 00:30:28,960
Speaker 2: they pay that monthly.

650
00:30:29,040 --> 00:30:30,480
Speaker 3: So every month they're paying me.

651
00:30:31,440 --> 00:30:33,080
Speaker 4: So that that's nine percent on the money that you

652
00:30:33,120 --> 00:30:33,720
Speaker 4: have invested.

653
00:30:33,800 --> 00:30:36,760
Speaker 2: No, that's nine percent of the stock price. Okay, right,

654
00:30:36,800 --> 00:30:39,280
Speaker 2: So that's all a dividend yield is. So a dividend

655
00:30:39,360 --> 00:30:42,120
Speaker 2: yield is this If the stock price is one hundred

656
00:30:42,160 --> 00:30:45,680
Speaker 2: dollars and a dividend yield is five percent, then your

657
00:30:45,800 --> 00:30:48,280
Speaker 2: dividend is five percent of that one hundred dollars.

658
00:30:48,520 --> 00:30:51,200
Speaker 3: That's what you're getting paid. OK. That makes sense.

659
00:30:51,680 --> 00:30:53,840
Speaker 4: It's passive, superpass passive.

660
00:30:54,000 --> 00:30:56,120
Speaker 5: But you do have to have large amount for it

661
00:30:56,120 --> 00:31:00,320
Speaker 5: to This is true, But you were saying that you

662
00:31:00,360 --> 00:31:03,240
Speaker 5: have to start looking at it like, okay, just to

663
00:31:03,240 --> 00:31:04,200
Speaker 5: pay my cell phone bill?

664
00:31:04,400 --> 00:31:05,160
Speaker 3: What's your freedom? Part?

665
00:31:06,160 --> 00:31:07,640
Speaker 6: You talk about AT and T, but you got tore

666
00:31:07,760 --> 00:31:08,520
Speaker 6: at and So.

667
00:31:08,840 --> 00:31:12,720
Speaker 2: What happened to me was I started asking myself how

668
00:31:12,720 --> 00:31:14,160
Speaker 2: do I buy back my freedom?

669
00:31:15,240 --> 00:31:18,040
Speaker 3: Right? Like, how do I buy it back? Right?

670
00:31:18,400 --> 00:31:21,200
Speaker 2: Because it's not given to you, just like you know

671
00:31:21,440 --> 00:31:23,520
Speaker 2: shadow slavery, Like I'm not going to give it to you.

672
00:31:23,520 --> 00:31:25,600
Speaker 2: You gotta buy it back, you gotta fight for it.

673
00:31:26,160 --> 00:31:28,000
Speaker 2: So I was like, how do I buy back my

674
00:31:28,040 --> 00:31:31,440
Speaker 2: freedom with the stock market?

675
00:31:31,640 --> 00:31:33,880
Speaker 3: Because you can't save to investigate it back?

676
00:31:34,520 --> 00:31:34,680
Speaker 6: Right.

677
00:31:34,720 --> 00:31:36,640
Speaker 2: We know that you can't work a bunch of hours

678
00:31:36,640 --> 00:31:39,320
Speaker 2: to get it back. So the next best thing for

679
00:31:39,440 --> 00:31:45,080
Speaker 2: me was dividends. So I was like, Okay, what do

680
00:31:45,160 --> 00:31:50,400
Speaker 2: I use every day? My phone bill? AT and T

681
00:31:51,640 --> 00:31:55,240
Speaker 2: and I have Apple product. So because AT and T

682
00:31:55,400 --> 00:31:58,800
Speaker 2: pays a five percent six percent dividend year. I was like, okay,

683
00:31:59,240 --> 00:32:03,480
Speaker 2: I need this this many shares of this business.

684
00:32:04,960 --> 00:32:08,280
Speaker 3: To pay off my phone bill every four.

685
00:32:08,080 --> 00:32:13,120
Speaker 2: Months because AT and T pays quarterly, which is every

686
00:32:13,120 --> 00:32:18,360
Speaker 2: three months, Disney pays semi annually, which is twice a year,

687
00:32:18,800 --> 00:32:21,960
Speaker 2: and then you have some businesses that pay every month. Right,

688
00:32:22,880 --> 00:32:24,480
Speaker 2: So I was like, Okay, if I can get AT

689
00:32:24,640 --> 00:32:29,720
Speaker 2: and T to pay my phone bill through their dividends

690
00:32:30,920 --> 00:32:35,120
Speaker 2: full times a year, then I have essentially bought back

691
00:32:35,200 --> 00:32:37,320
Speaker 2: my freedom because I no longer have to work to

692
00:32:37,360 --> 00:32:38,280
Speaker 2: pay for that phone bill.

693
00:32:38,920 --> 00:32:42,320
Speaker 3: AT and T paying for me. And so you can

694
00:32:42,360 --> 00:32:44,960
Speaker 3: do that with your If you're in.

695
00:32:44,920 --> 00:32:48,440
Speaker 2: Georgia, you can use Southern Company, which is another great

696
00:32:48,480 --> 00:32:51,920
Speaker 2: dividend business. How much is your phone bill and your

697
00:32:51,960 --> 00:32:55,800
Speaker 2: light bill eighty one hundred dollars they pay like three

698
00:32:56,000 --> 00:33:00,200
Speaker 2: four percent dividend. Figure out how much the diffiden than

699
00:33:00,360 --> 00:33:04,880
Speaker 2: is per quarter, how many shares your need of that business,

700
00:33:05,560 --> 00:33:06,320
Speaker 2: and then let that.

701
00:33:06,280 --> 00:33:07,080
Speaker 3: Pay your light build.

702
00:33:07,120 --> 00:33:09,400
Speaker 2: So if you can give your dividends from a business

703
00:33:09,560 --> 00:33:11,880
Speaker 2: to pay your light build and your phone bill, you've

704
00:33:11,920 --> 00:33:14,320
Speaker 2: bought back some of your freedom because now you can

705
00:33:14,320 --> 00:33:17,240
Speaker 2: take that money and invest it and do something else

706
00:33:17,280 --> 00:33:17,600
Speaker 2: with it.

707
00:33:18,160 --> 00:33:22,240
Speaker 3: That's optimizing your money. The money is just a tool.

708
00:33:22,280 --> 00:33:23,120
Speaker 3: We know that much.

709
00:33:23,720 --> 00:33:25,760
Speaker 2: So if we can use the tool to do that's

710
00:33:25,800 --> 00:33:29,560
Speaker 2: supposed to do, then we get maximum value for it.

711
00:33:29,560 --> 00:33:32,520
Speaker 5: And that's so once you fully understand investing, you start

712
00:33:32,520 --> 00:33:36,960
Speaker 5: to understand that it's like Spanish. Right, So I don't know,

713
00:33:37,000 --> 00:33:38,960
Speaker 5: I mean, spend people in New Orleans, but they got

714
00:33:39,000 --> 00:33:43,120
Speaker 5: a few half like seventy percent of New York is spanding.

715
00:33:43,200 --> 00:33:48,920
Speaker 5: Maybe not, Yeah, New York spent a lot. So I say,

716
00:33:48,960 --> 00:33:51,840
Speaker 5: I have to say, when you're around Spanish enough, you

717
00:33:51,880 --> 00:33:53,360
Speaker 5: start to understand it a little bit better.

718
00:33:53,560 --> 00:33:54,720
Speaker 4: You might not be able to speak it, but you

719
00:33:54,760 --> 00:33:56,840
Speaker 4: can kind of have a general understanding. Right.

720
00:33:57,080 --> 00:34:00,840
Speaker 5: The same thing with investing. When you're around the language

721
00:34:00,840 --> 00:34:03,360
Speaker 5: of investing, it starts to make sense and you realize

722
00:34:03,360 --> 00:34:07,600
Speaker 5: that they're all kind of similar. It's just like actually

723
00:34:07,800 --> 00:34:11,800
Speaker 5: when you learn foreign languages, like Spanish is similar to French.

724
00:34:11,840 --> 00:34:12,520
Speaker 5: They all come.

725
00:34:12,400 --> 00:34:13,600
Speaker 6: From like a Spanish Portuguese.

726
00:34:13,680 --> 00:34:14,239
Speaker 4: Yeah, they're all.

727
00:34:14,280 --> 00:34:16,720
Speaker 5: Kind of similar. I forget where they actually the route

728
00:34:16,760 --> 00:34:19,200
Speaker 5: came from. But long story short of it is that

729
00:34:20,040 --> 00:34:23,040
Speaker 5: what you just explained was the same theory that dj

730
00:34:23,239 --> 00:34:25,920
Speaker 5: MVY explained to us when he says that he doesn't

731
00:34:25,960 --> 00:34:28,360
Speaker 5: buy any liability until he has an asset to pay for.

732
00:34:28,520 --> 00:34:30,319
Speaker 5: His thing is real estate, so he buys a home

733
00:34:30,719 --> 00:34:35,720
Speaker 5: and now he has a home to actually pay rental

734
00:34:36,200 --> 00:34:38,920
Speaker 5: for his Lamborghini ORF like that, Like I'm saying, so

735
00:34:39,400 --> 00:34:40,799
Speaker 5: you just bring it down a small level.

736
00:34:41,080 --> 00:34:43,400
Speaker 6: But because I mean, and that's key though, right if

737
00:34:43,440 --> 00:34:44,719
Speaker 6: you break it out a small level, like.

738
00:34:44,680 --> 00:34:46,880
Speaker 4: Well, yeah, well and then and then also people have

739
00:34:46,920 --> 00:34:47,560
Speaker 4: to understand too.

740
00:34:47,640 --> 00:34:49,600
Speaker 5: Is that so people might say, okay, well I got

741
00:34:49,600 --> 00:34:52,120
Speaker 5: to put two thousand dollars into a stock to get

742
00:34:52,360 --> 00:34:55,680
Speaker 5: one hundred dollars dividend, it's not worth it. But the

743
00:34:55,760 --> 00:34:58,120
Speaker 5: thing about it is that it's not like you're paying

744
00:34:58,120 --> 00:35:00,839
Speaker 5: for something. You're investing so that two thousands gonna grow

745
00:35:00,920 --> 00:35:03,480
Speaker 5: over the course of time while you're getting your diffidends.

746
00:35:03,520 --> 00:35:05,959
Speaker 5: So it's not like you just putting your money into

747
00:35:06,000 --> 00:35:08,080
Speaker 5: never ever Land. It's actually going to an investment that

748
00:35:08,120 --> 00:35:10,719
Speaker 5: will probably gain value over the court of time. But

749
00:35:10,760 --> 00:35:14,200
Speaker 5: in the meantime, you're actually gaining income that you can

750
00:35:14,320 --> 00:35:17,200
Speaker 5: use via the dividend, and now you can actually use

751
00:35:17,239 --> 00:35:19,440
Speaker 5: that to support your life, because, like you said, you

752
00:35:19,520 --> 00:35:24,240
Speaker 5: gotta find a way to actually make money while you're sleep.

753
00:35:24,280 --> 00:35:26,160
Speaker 5: That's what Warren Buffet said, right said it said, if

754
00:35:26,200 --> 00:35:30,600
Speaker 5: you don't make money while you're sleeping, work, So by

755
00:35:30,680 --> 00:35:33,000
Speaker 5: doing that, now you're actually Okay. Now I can, like

756
00:35:33,040 --> 00:35:34,919
Speaker 5: you said, you can focus on Okay, now I did that.

757
00:35:35,200 --> 00:35:37,920
Speaker 5: Now I gotta do something to pay all right, to

758
00:35:37,920 --> 00:35:39,560
Speaker 5: pay my mortgage, and I gotta do something to pay

759
00:35:39,560 --> 00:35:42,000
Speaker 5: my card bill. And then before you know it, you're

760
00:35:42,040 --> 00:35:45,640
Speaker 5: not actually paying anything yourself. It's all being paid for you,

761
00:35:45,719 --> 00:35:48,600
Speaker 5: which leaves you more money because that two hundred dep

762
00:35:49,440 --> 00:35:52,200
Speaker 5: now you can actually reinvest and do other things and

763
00:35:52,360 --> 00:35:53,399
Speaker 5: just kind of like a domino fest.

764
00:35:53,440 --> 00:35:55,480
Speaker 6: Like Lord said, it was like, yo, I treat money

765
00:35:55,520 --> 00:35:57,200
Speaker 6: like little soldiers. They have to go work.

766
00:35:57,280 --> 00:35:57,640
Speaker 3: Listen.

767
00:35:58,239 --> 00:36:06,200
Speaker 2: But also also you're forgetting something that's major, the ownership.

768
00:36:05,239 --> 00:36:07,239
Speaker 3: M Ye you feel me.

769
00:36:07,760 --> 00:36:10,600
Speaker 2: So while your money is working for you through the dividends,

770
00:36:11,360 --> 00:36:16,839
Speaker 2: your ownership your equity is also increasing. Yeah, so that's

771
00:36:16,840 --> 00:36:19,040
Speaker 2: how you like you leverage the game with that.

772
00:36:19,440 --> 00:36:21,400
Speaker 5: And that's something that people don't understand either. It's like

773
00:36:21,760 --> 00:36:24,040
Speaker 5: people it's like, well, everybody's not an entrepreneur. I don't

774
00:36:24,040 --> 00:36:26,279
Speaker 5: want to own a business. There's a lot that comes

775
00:36:26,280 --> 00:36:28,160
Speaker 5: from owning a business. But there's more than one way

776
00:36:28,160 --> 00:36:30,799
Speaker 5: to own a business. If you buy a stock, you're

777
00:36:30,880 --> 00:36:34,239
Speaker 5: an owner in that company. That's one that's probably the

778
00:36:34,320 --> 00:36:37,719
Speaker 5: easiest way to own a business. Now you're not going

779
00:36:37,800 --> 00:36:41,040
Speaker 5: to be the majority owner, but it doesn't matter.

780
00:36:41,200 --> 00:36:44,200
Speaker 6: It doesn't you're still an owner.

781
00:36:44,960 --> 00:36:50,560
Speaker 2: Warren Buffett owns six percent of Coca Cola, right, so

782
00:36:50,640 --> 00:36:54,319
Speaker 2: he's still not a majority owner, but he still has

783
00:36:54,480 --> 00:36:57,360
Speaker 2: say sol And this is the one thing about the

784
00:36:57,400 --> 00:37:02,240
Speaker 2: stock market that I love. I can vote on every

785
00:37:02,320 --> 00:37:04,920
Speaker 2: business that I own, and they have to acknowledge me,

786
00:37:06,320 --> 00:37:08,520
Speaker 2: like I literally bought three shares of Breakshot have the

787
00:37:08,520 --> 00:37:11,800
Speaker 2: way b Let's make sure I say that be what's.

788
00:37:11,680 --> 00:37:15,320
Speaker 4: What's the aig something go up to one.

789
00:37:15,239 --> 00:37:17,160
Speaker 3: Hundred, three hundred and some thousand.

790
00:37:17,400 --> 00:37:19,600
Speaker 2: Please, there's a difference. It's a big difference. So let

791
00:37:19,640 --> 00:37:21,080
Speaker 2: me say, because I don't nobody to be like.

792
00:37:21,239 --> 00:37:25,120
Speaker 3: Man, you gotta you ain't got no man. I heard that.

793
00:37:26,320 --> 00:37:30,759
Speaker 2: So I literally bought three shares of Berkshaw b.

794
00:37:31,080 --> 00:37:33,000
Speaker 4: Which is which is Warren Buffer's company.

795
00:37:33,400 --> 00:37:35,839
Speaker 3: Yes, I bought my daughter. That's another thing.

796
00:37:35,960 --> 00:37:38,360
Speaker 2: So at three years old, my daughter has five thousand

797
00:37:38,400 --> 00:37:39,239
Speaker 2: dollars invested in the stock.

798
00:37:39,600 --> 00:37:40,239
Speaker 4: I want to talk about that.

799
00:37:40,400 --> 00:37:46,160
Speaker 2: Yeah, finished, But I bought uh three shares of berkship

800
00:37:46,280 --> 00:37:48,040
Speaker 2: Be so I could go.

801
00:37:47,920 --> 00:37:52,720
Speaker 3: To the Warren Buffett Annual meeting and I had right.

802
00:37:52,560 --> 00:37:56,080
Speaker 2: To vote on anything in Omaha. Yeah, I went to

803
00:37:56,200 --> 00:37:59,160
Speaker 2: NIPS That's when everything happened. But I'm going next year

804
00:37:59,480 --> 00:38:00,800
Speaker 2: for show for and the only way you can go

805
00:38:00,880 --> 00:38:04,319
Speaker 2: is if you own at least one share, right. So

806
00:38:04,400 --> 00:38:06,960
Speaker 2: I was like, okay, cool, and you actually get to.

807
00:38:06,880 --> 00:38:07,600
Speaker 3: Talk to this man.

808
00:38:07,920 --> 00:38:09,600
Speaker 5: So I'm glad you said that about your daughter because

809
00:38:09,680 --> 00:38:12,959
Speaker 5: speaking of NIP. Actually, when we I posted about NIP,

810
00:38:13,200 --> 00:38:16,880
Speaker 5: you commented on that post for sure about and you

811
00:38:16,920 --> 00:38:18,759
Speaker 5: was talking about a custodian on account for your daughter.

812
00:38:19,000 --> 00:38:21,280
Speaker 5: So I had put a post up that like, if

813
00:38:21,320 --> 00:38:25,200
Speaker 5: you celebrate Christmas or for kids' birthdays, a suggestion is

814
00:38:25,239 --> 00:38:27,720
Speaker 5: that you know, if you're going to spend two hundred

815
00:38:27,760 --> 00:38:29,640
Speaker 5: dollars on gifts, maybe spend one hundred dollars on the

816
00:38:29,680 --> 00:38:31,880
Speaker 5: gifts and one hundred dollars on an investment. Right, And

817
00:38:31,920 --> 00:38:33,160
Speaker 5: he was like, well, how do I do that?

818
00:38:33,320 --> 00:38:35,160
Speaker 3: So I walk you through that.

819
00:38:35,200 --> 00:38:37,000
Speaker 4: Yeah, it exactly.

820
00:38:37,320 --> 00:38:42,960
Speaker 2: So it's basically I don't buy my daughter toys at all.

821
00:38:43,640 --> 00:38:46,080
Speaker 2: I told her mom, and I'm like, listen, I'll buy clothes,

822
00:38:46,120 --> 00:38:49,480
Speaker 2: I'll buy food, I'll buy necessities.

823
00:38:50,480 --> 00:38:51,120
Speaker 3: Ernest, what's up.

824
00:38:51,200 --> 00:38:53,680
Speaker 6: You ever walk into a small business and everything just

825
00:38:53,840 --> 00:38:57,000
Speaker 6: works like the checkout is fast, the receipts are digital,

826
00:38:57,560 --> 00:39:00,520
Speaker 6: tipping is a breeze, and you're out the door before

827
00:39:00,560 --> 00:39:04,680
Speaker 6: the line even builds odds are they're using Square. We

828
00:39:04,840 --> 00:39:07,400
Speaker 6: love supporting businesses that run on Square because it just

829
00:39:07,440 --> 00:39:10,680
Speaker 6: feels seamless. Whether it's a local coffee shop, a vendor

830
00:39:10,719 --> 00:39:12,960
Speaker 6: at a pop up market, or even one of our

831
00:39:13,040 --> 00:39:16,680
Speaker 6: merch partners, Square makes it easy for them to take payments,

832
00:39:16,920 --> 00:39:20,640
Speaker 6: manage inventory, and run their business with confidence, all from

833
00:39:20,719 --> 00:39:24,120
Speaker 6: one simple system. If you're a business owner or even

834
00:39:24,200 --> 00:39:27,719
Speaker 6: just thinking about launching something soon, Square is hands down

835
00:39:27,760 --> 00:39:30,840
Speaker 6: one of the best tools out there to help you start, run,

836
00:39:31,040 --> 00:39:34,360
Speaker 6: and grow. It's not just about payments, it's about giving

837
00:39:34,400 --> 00:39:37,040
Speaker 6: you time back so you can focus on what matters

838
00:39:37,080 --> 00:39:40,320
Speaker 6: most ready. To see how Square can transform your business,

839
00:39:40,600 --> 00:39:45,239
Speaker 6: visit Square dot com backslash, go backslash eyl to learn

840
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Speaker 6: more that Square dot com backslash, go backslash eyl. Don't wait,

841
00:39:50,800 --> 00:39:53,600
Speaker 6: don't hesitate, let's Square handle the back end so you

842
00:39:53,640 --> 00:39:59,839
Speaker 6: can keep pushing your vision forward. This episode is brought

843
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Speaker 6: to you buy P and C Bank. A lot of

844
00:40:01,920 --> 00:40:05,480
Speaker 6: people think podcasts about work are boring, and sure they

845
00:40:05,560 --> 00:40:09,440
Speaker 6: definitely can be, But understanding a professionals routine shows us

846
00:40:09,440 --> 00:40:13,080
Speaker 6: how they achieve their success little by little, day after day.

847
00:40:14,080 --> 00:40:16,560
Speaker 6: It's like banking with P and C Bank. It might

848
00:40:16,680 --> 00:40:19,560
Speaker 6: seem boring the safe plan and make calculated decisions with

849
00:40:19,640 --> 00:40:22,640
Speaker 6: your bank, but keeping your money boring is what helps

850
00:40:22,680 --> 00:40:25,719
Speaker 6: you live or more happily fulfilled life. P and C

851
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Speaker 6: Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since

852
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Speaker 6: eighteen sixty five is a service mark of the PNC

853
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Speaker 6: Financial Service Group, Inc. P and C Bank National Association

854
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Speaker 6: Member FDIC.

855
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Speaker 7: all you need, but.

871
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Speaker 2: Everything else on byastocks. So just walking. It's called a

872
00:41:44,440 --> 00:41:48,000
Speaker 2: ugmme a cone. It's a custolial com I use td amemoratory.

873
00:41:48,760 --> 00:41:50,680
Speaker 2: And all you're doing is just like opening up a

874
00:41:50,719 --> 00:41:53,879
Speaker 2: bank account and you'll just add your kid to it.

875
00:41:54,520 --> 00:41:58,880
Speaker 2: And what happens is you have actual control of the

876
00:41:59,080 --> 00:42:03,880
Speaker 2: cone until the kid is eighteen. Once the kid makes eighteen,

877
00:42:05,239 --> 00:42:09,719
Speaker 2: then they have control. My thing is simple, and so

878
00:42:09,760 --> 00:42:12,960
Speaker 2: this is how we shift the dynamics. Like this ownership

879
00:42:13,040 --> 00:42:17,600
Speaker 2: stuff is real powerful to me. My daughters three and

880
00:42:18,320 --> 00:42:22,919
Speaker 2: I invest money for her monthly weekly Right right now,

881
00:42:23,000 --> 00:42:24,840
Speaker 2: my daughter at three can tell you what assets and

882
00:42:24,880 --> 00:42:27,600
Speaker 2: liabilities are. These is a conversation that we have right

883
00:42:28,239 --> 00:42:30,000
Speaker 2: she knows, I say, what dividends come from.

884
00:42:30,000 --> 00:42:32,319
Speaker 3: She'll say, dividends come from Shell. She'll say that.

885
00:42:33,160 --> 00:42:38,399
Speaker 2: By the time she's eighteen, she will already be six

886
00:42:38,480 --> 00:42:45,400
Speaker 2: figures her own network. That's powerful. That's a whole nother dynamic.

887
00:42:45,480 --> 00:42:50,040
Speaker 2: We've put her in position to have privileged opportunities.

888
00:42:50,640 --> 00:42:50,879
Speaker 6: Right.

889
00:42:51,960 --> 00:42:59,919
Speaker 2: Also, we've now established to her the importance of ownership. Right,

890
00:43:00,080 --> 00:43:01,560
Speaker 2: So what happened with us when we was kids? I

891
00:43:01,600 --> 00:43:03,880
Speaker 2: don't know about y'all. When I was kids, money was

892
00:43:03,920 --> 00:43:06,120
Speaker 2: always scarce, Like we ain't going no money for that.

893
00:43:06,200 --> 00:43:11,239
Speaker 2: We got bills, right, you know? But now at three,

894
00:43:12,200 --> 00:43:15,440
Speaker 2: she can talk to me about Disney stuff, you know

895
00:43:15,480 --> 00:43:16,000
Speaker 2: what I'm saying.

896
00:43:16,480 --> 00:43:17,480
Speaker 3: So for me, that's what I do.

897
00:43:17,600 --> 00:43:20,000
Speaker 2: Everything we do right now, her account, I think she

898
00:43:20,080 --> 00:43:22,319
Speaker 2: had like fifty five hundred because I've been buying these

899
00:43:22,360 --> 00:43:24,279
Speaker 2: weed stocks since they've been on sale, and I bought

900
00:43:24,360 --> 00:43:24,799
Speaker 2: some for her.

901
00:43:25,880 --> 00:43:26,600
Speaker 3: Can it be growth?

902
00:43:27,400 --> 00:43:29,120
Speaker 6: What was the name of the account at the bank,

903
00:43:30,000 --> 00:43:31,080
Speaker 6: the type of account.

904
00:43:30,920 --> 00:43:33,400
Speaker 2: It's called a custodio account, But when you look it

905
00:43:33,440 --> 00:43:35,520
Speaker 2: up on the TD Amelitrade, it's goning to be called U.

906
00:43:35,600 --> 00:43:36,040
Speaker 3: G and me.

907
00:43:36,280 --> 00:43:38,320
Speaker 6: Can it go through? I know you said TD Melitrade,

908
00:43:38,320 --> 00:43:40,359
Speaker 6: but through? Is it all but through other banks as well.

909
00:43:40,440 --> 00:43:45,400
Speaker 2: Well, I went through you can go through Fidelity Charles Swab.

910
00:43:45,880 --> 00:43:49,239
Speaker 4: Most of them have yeah, and have accounts.

911
00:43:49,320 --> 00:43:51,480
Speaker 5: They have five twenty nine, which is a college savings

912
00:43:51,480 --> 00:43:52,600
Speaker 5: plan a couple of different ways.

913
00:43:52,719 --> 00:43:54,800
Speaker 2: I don't like the five twenty non why not because

914
00:43:54,840 --> 00:43:58,640
Speaker 2: it's boxed in, it's Boxton just you have to use vocal.

915
00:43:58,880 --> 00:44:01,040
Speaker 5: Well they actually change with the new tax law and

916
00:44:01,080 --> 00:44:02,840
Speaker 5: now you can any form of education.

917
00:44:03,040 --> 00:44:06,560
Speaker 4: Okay, it's yeah, yeah, yeah, yeah, you get penalized.

918
00:44:06,719 --> 00:44:10,200
Speaker 2: And so with the with the custodia account she used

919
00:44:10,239 --> 00:44:12,640
Speaker 2: for whatever she wants at eighteen.

920
00:44:12,920 --> 00:44:14,680
Speaker 3: So that's why it's good for you. Now you can

921
00:44:14,719 --> 00:44:15,640
Speaker 3: build that conversation.

922
00:44:16,280 --> 00:44:18,160
Speaker 2: That's why it's good for us to learn how to invest,

923
00:44:18,880 --> 00:44:21,399
Speaker 2: because our kids are going to do what they see

924
00:44:21,480 --> 00:44:24,279
Speaker 2: us doing. That's just a natural fact. We all are

925
00:44:24,320 --> 00:44:25,760
Speaker 2: creatures of our environment.

926
00:44:26,040 --> 00:44:27,479
Speaker 3: It is what it is.

927
00:44:27,840 --> 00:44:29,759
Speaker 2: So we start having these conversations with them at a

928
00:44:29,760 --> 00:44:32,319
Speaker 2: young age. Like her favorite book right now is a

929
00:44:32,320 --> 00:44:35,680
Speaker 2: book called The Evolution of Money. Right, She'd be like that,

930
00:44:35,840 --> 00:44:37,319
Speaker 2: let's read the Evolution of Money, right and.

931
00:44:38,120 --> 00:44:41,439
Speaker 3: Three you know what I'm trying to read, yeah, yeah,

932
00:44:41,840 --> 00:44:43,960
Speaker 3: trying to figure out we walked.

933
00:44:43,719 --> 00:44:49,759
Speaker 6: Through this as a parent, I'm in educator. My son

934
00:44:49,880 --> 00:44:52,800
Speaker 6: is thest five and just learn how to read what.

935
00:44:52,600 --> 00:44:55,080
Speaker 2: I mean, she reads, she she I'll say this, she

936
00:44:55,200 --> 00:44:58,160
Speaker 2: identifies words, all right, Okay, so I'm not gonna say

937
00:44:58,160 --> 00:44:59,600
Speaker 2: like she likes that's fair.

938
00:44:59,680 --> 00:45:03,680
Speaker 3: Yeah, I'm gonna say like she on some dougie she

939
00:45:03,840 --> 00:45:04,840
Speaker 3: identifies words.

940
00:45:04,920 --> 00:45:06,640
Speaker 5: Now, But that's e stremely be powerful, like you said,

941
00:45:06,640 --> 00:45:09,399
Speaker 5: because the parents have to leave it by example. If

942
00:45:09,400 --> 00:45:11,359
Speaker 5: you don't have an example for your kids, then they're

943
00:45:11,360 --> 00:45:14,799
Speaker 5: going to get the example just from pop culture music,

944
00:45:14,880 --> 00:45:17,640
Speaker 5: the world streams, you know what I mean. So it's

945
00:45:17,680 --> 00:45:21,440
Speaker 5: extremely important. And like I said, it's just seeing different

946
00:45:21,960 --> 00:45:25,040
Speaker 5: people in different conversations and it's like that's one of

947
00:45:25,040 --> 00:45:28,040
Speaker 5: the cool things about this podcast. It's like we have

948
00:45:28,160 --> 00:45:33,080
Speaker 5: these conversations and if it's like we could be like

949
00:45:33,160 --> 00:45:35,319
Speaker 5: people on the basketball court or you know what I mean, like,

950
00:45:35,440 --> 00:45:38,120
Speaker 5: but we're actually talking about things that are really important,

951
00:45:38,560 --> 00:45:39,280
Speaker 5: you know what I'm saying.

952
00:45:39,600 --> 00:45:40,239
Speaker 4: So it's like a.

953
00:45:40,200 --> 00:45:43,080
Speaker 5: Cool feel because it's not stuck up, it's not fake,

954
00:45:43,120 --> 00:45:45,880
Speaker 5: it's not phony, it's natural and a lot of times

955
00:45:45,920 --> 00:45:48,560
Speaker 5: until people feel like they have to like dumb themselves

956
00:45:48,560 --> 00:45:52,759
Speaker 5: down to be accepted or you can't. You gotta watch

957
00:45:52,760 --> 00:45:55,200
Speaker 5: how you speak because you don't want to sound too intelligent.

958
00:45:56,000 --> 00:46:00,600
Speaker 5: These things is real. I'm glad that that. I think

959
00:46:00,640 --> 00:46:02,480
Speaker 5: that the tide is starting to turn on.

960
00:46:02,480 --> 00:46:03,000
Speaker 4: That it is.

961
00:46:04,000 --> 00:46:08,759
Speaker 2: I actually like I love the the temperature that's going

962
00:46:08,800 --> 00:46:10,279
Speaker 2: on right now, just.

963
00:46:10,280 --> 00:46:12,759
Speaker 3: With even with you all. You know, I'm like, bro,

964
00:46:12,880 --> 00:46:14,799
Speaker 3: like y'all, y'all shifting the culture with this.

965
00:46:15,200 --> 00:46:18,359
Speaker 2: I appreciate it, you know what I'm saying, because there

966
00:46:18,360 --> 00:46:21,760
Speaker 2: are a lot of podcasts out there right everybody. Everybody

967
00:46:21,800 --> 00:46:26,600
Speaker 2: has something to say, right, Everybody has something to say,

968
00:46:26,600 --> 00:46:28,759
Speaker 2: and they want to say it in their own unique way.

969
00:46:30,280 --> 00:46:33,839
Speaker 3: What I love about y'all have is however.

970
00:46:33,560 --> 00:46:37,040
Speaker 2: You're gonna come speak speak it fact you feel what

971
00:46:37,040 --> 00:46:40,080
Speaker 2: I'm saying Like, there is no Hey, we can't like

972
00:46:40,120 --> 00:46:43,440
Speaker 2: whatever you want to speak about, but it's all about

973
00:46:44,160 --> 00:46:47,520
Speaker 2: the improvement of the culture. As far as you know

974
00:46:47,600 --> 00:46:50,520
Speaker 2: financial literacy, and I didn't know you was in the finance.

975
00:46:50,320 --> 00:46:53,239
Speaker 6: Bro, so that's a whole nother life next right to

976
00:46:53,440 --> 00:46:57,400
Speaker 6: the ownership ownership right, nobody's telling us make sure y'all

977
00:46:57,480 --> 00:47:02,000
Speaker 6: cover this, yo. We're gonna put the cameras werena speaking,

978
00:47:02,200 --> 00:47:03,480
Speaker 6: right it's problem, man.

979
00:47:03,840 --> 00:47:05,000
Speaker 3: I remember you posted something.

980
00:47:05,440 --> 00:47:09,360
Speaker 2: You said something about ownership, something to be posted like recently.

981
00:47:09,560 --> 00:47:13,000
Speaker 3: And I love when you post certain stuff because I

982
00:47:13,040 --> 00:47:14,480
Speaker 3: can come in there and just go harder.

983
00:47:15,360 --> 00:47:18,560
Speaker 2: Right, I'll be like, come on, man with it. So,

984
00:47:18,800 --> 00:47:23,080
Speaker 2: and somebody complained about you talk. It was about taxes,

985
00:47:24,480 --> 00:47:28,799
Speaker 2: and I said, the problem is that because somebody said,

986
00:47:28,800 --> 00:47:33,200
Speaker 2: why don't they teach the people? Yeah, And so I

987
00:47:33,280 --> 00:47:37,320
Speaker 2: was like, yo, why would they teach us this in school?

988
00:47:38,080 --> 00:47:40,960
Speaker 2: It's not that they should teach us. Why would they?

989
00:47:41,960 --> 00:47:42,120
Speaker 5: Right?

990
00:47:43,280 --> 00:47:46,839
Speaker 3: So this is a dope analogy that I always use.

991
00:47:47,920 --> 00:47:50,640
Speaker 2: So we know that the lion is at the top

992
00:47:50,680 --> 00:47:53,239
Speaker 2: of the food chain, right, So he's not the king

993
00:47:53,280 --> 00:47:55,240
Speaker 2: of the jungle, like we feel like that's some bullshit,

994
00:47:55,320 --> 00:47:56,000
Speaker 2: right so.

995
00:47:56,080 --> 00:47:57,359
Speaker 3: Faris I'm not gonna say that ship.

996
00:47:58,280 --> 00:48:01,920
Speaker 2: But he's at the top of the food chain. The

997
00:48:02,040 --> 00:48:08,880
Speaker 2: lion cannot tell the zebra, the impiler, or the water

998
00:48:08,920 --> 00:48:10,000
Speaker 2: buffalo how.

999
00:48:09,840 --> 00:48:12,120
Speaker 3: To get away. He can't.

1000
00:48:12,719 --> 00:48:14,960
Speaker 2: If I tell you how to get away? What do

1001
00:48:15,040 --> 00:48:19,200
Speaker 2: I eat? What do I eat? Either I become a

1002
00:48:19,280 --> 00:48:20,799
Speaker 2: vegetarian or.

1003
00:48:20,800 --> 00:48:22,279
Speaker 3: I eat my own kind?

1004
00:48:23,320 --> 00:48:27,400
Speaker 2: Right, So he can't and if he did, they would

1005
00:48:27,400 --> 00:48:31,440
Speaker 2: tell one another how to get away. Same thing with

1006
00:48:31,520 --> 00:48:37,440
Speaker 2: this the upper echelon or the financial predators.

1007
00:48:37,840 --> 00:48:39,879
Speaker 3: We are the financial prey.

1008
00:48:40,800 --> 00:48:42,600
Speaker 2: I can't teach you how to get away, but if

1009
00:48:42,640 --> 00:48:44,520
Speaker 2: you learn, I can't stop you.

1010
00:48:46,160 --> 00:48:46,960
Speaker 3: I can't stop you.

1011
00:48:47,960 --> 00:48:53,279
Speaker 2: Wealthy people don't make wealthy people rich. Poor people do, right,

1012
00:48:53,680 --> 00:48:55,360
Speaker 2: because we have no relationship with money.

1013
00:48:56,480 --> 00:48:58,600
Speaker 3: So I can't teach you how to get away. Then

1014
00:48:58,800 --> 00:48:59,360
Speaker 3: what I'm gonna do.

1015
00:48:59,360 --> 00:49:01,360
Speaker 2: But I'm gonna teach my kids how to be predators.

1016
00:49:01,360 --> 00:49:03,160
Speaker 2: And I'm teaching my daughter how to be a predator,

1017
00:49:03,320 --> 00:49:06,759
Speaker 2: not on people, but just how to have ownership.

1018
00:49:06,880 --> 00:49:08,080
Speaker 3: They can't teach you that in school.

1019
00:49:08,400 --> 00:49:11,600
Speaker 4: What they Yeah, it's like, yeah, that's what.

1020
00:49:11,640 --> 00:49:13,879
Speaker 5: That's what the five percenters say, like eighty five percent

1021
00:49:14,200 --> 00:49:16,520
Speaker 5: by ten percent, which is like the bloodsuckers are the

1022
00:49:16,560 --> 00:49:19,920
Speaker 5: poor the five percent of the poor, right is teachers teach,

1023
00:49:20,040 --> 00:49:26,200
Speaker 5: but we're not poor. But facts were gonna liberate that.

1024
00:49:26,239 --> 00:49:28,439
Speaker 5: We're gonna take the poor part out, liberate that because

1025
00:49:28,880 --> 00:49:32,120
Speaker 5: we're gonna be even pay the full like that, you know,

1026
00:49:32,560 --> 00:49:34,879
Speaker 5: because yeah, we're gonna We're gonna liberate the people from

1027
00:49:34,880 --> 00:49:35,839
Speaker 5: the bloodsuckers of the.

1028
00:49:35,760 --> 00:49:37,520
Speaker 6: Poor here for the facts.

1029
00:49:37,640 --> 00:49:38,359
Speaker 3: Appreciate that.

1030
00:49:38,520 --> 00:49:40,560
Speaker 6: Can we just talk about investing in ETFs. Let's talk

1031
00:49:40,600 --> 00:49:43,719
Speaker 6: about so explain. Can you explain what the ETF is

1032
00:49:43,840 --> 00:49:45,240
Speaker 6: and then how to be invested.

1033
00:49:45,560 --> 00:49:48,959
Speaker 3: So ETF is an exchange traded fund, So.

1034
00:49:48,840 --> 00:49:51,480
Speaker 2: It's basically this is this is so all my people

1035
00:49:51,520 --> 00:49:53,640
Speaker 2: tell me, like, I just had the dopest analogies. Bro,

1036
00:49:53,719 --> 00:49:54,960
Speaker 2: Like I come up with them because I love to

1037
00:49:54,960 --> 00:49:57,600
Speaker 2: relate to people. Right, So ETF is like saying this

1038
00:49:57,680 --> 00:50:01,120
Speaker 2: without even getting technical. Let's say you're going walm Right,

1039
00:50:01,880 --> 00:50:04,160
Speaker 2: you go on Walmart and you don't know what you

1040
00:50:04,160 --> 00:50:06,440
Speaker 2: want to buy, so you buy the whole store.

1041
00:50:07,120 --> 00:50:09,000
Speaker 3: That's an index fund.

1042
00:50:09,880 --> 00:50:11,840
Speaker 2: Let's say you go to Walmart and you want to

1043
00:50:11,880 --> 00:50:15,600
Speaker 2: buy a specific kind of pop tarts, right, So you

1044
00:50:15,640 --> 00:50:17,719
Speaker 2: go to the pop tart oil and you see so

1045
00:50:17,800 --> 00:50:19,080
Speaker 2: many flavors of pop tarts.

1046
00:50:19,080 --> 00:50:20,600
Speaker 3: You're like, you know what, I just want this whole

1047
00:50:20,640 --> 00:50:23,080
Speaker 3: out of pop tarts. So you buy the whole out

1048
00:50:23,120 --> 00:50:27,000
Speaker 3: of pop tarts. That's the ETF. Doesn't make sense. So

1049
00:50:27,040 --> 00:50:28,000
Speaker 3: what the ETF is.

1050
00:50:28,440 --> 00:50:31,520
Speaker 2: It's a group of businesses that operate the same or

1051
00:50:31,560 --> 00:50:35,440
Speaker 2: sell similar products. Example, you want to invest in marijuana,

1052
00:50:35,760 --> 00:50:38,160
Speaker 2: but you don't know which marijuana stock to buy. You

1053
00:50:38,239 --> 00:50:41,960
Speaker 2: buy either a marijuana ETF called YOLO or you buy

1054
00:50:42,120 --> 00:50:43,799
Speaker 2: MJ And now at this point you have.

1055
00:50:43,800 --> 00:50:47,040
Speaker 6: All the marijuana stocks, they're all inside that's the ETFTCHA.

1056
00:50:47,120 --> 00:50:50,600
Speaker 2: A trick to that is this, you can buy ETF

1057
00:50:51,560 --> 00:50:53,839
Speaker 2: and because they've already done the homework, because they're gonna

1058
00:50:53,840 --> 00:50:56,279
Speaker 2: have the best performance stocks in the ETF. At that point,

1059
00:50:56,320 --> 00:50:59,560
Speaker 2: you can see you can go to what's called ETF dB,

1060
00:50:59,760 --> 00:51:00,960
Speaker 2: which ETF database.

1061
00:51:00,960 --> 00:51:03,200
Speaker 3: I'm giving y'all some game right quick. Like, you go to.

1062
00:51:03,239 --> 00:51:06,560
Speaker 2: ETF database, you put that ETF in and they'll tell

1063
00:51:06,600 --> 00:51:10,240
Speaker 2: you every ETF that's in the ETF, and then they'll

1064
00:51:10,280 --> 00:51:13,360
Speaker 2: tell you how much of a percentage of that ETF

1065
00:51:13,880 --> 00:51:17,719
Speaker 2: is holding that business. So it'll say this ETF has

1066
00:51:18,480 --> 00:51:21,239
Speaker 2: fifteen percent of cannopy growth. That mean for every dollar

1067
00:51:21,280 --> 00:51:23,000
Speaker 2: you put enough, fifteen percent of that is going to

1068
00:51:23,000 --> 00:51:26,000
Speaker 2: cannopy growth. It may have ten percent of uror cannabis.

1069
00:51:26,000 --> 00:51:29,120
Speaker 2: They may have five percent of chromes. So you can

1070
00:51:29,120 --> 00:51:31,560
Speaker 2: literally say, Okay, I don't want do the homework. I

1071
00:51:31,600 --> 00:51:33,960
Speaker 2: want to be lazy. I'll go to the ETF, see

1072
00:51:33,960 --> 00:51:35,880
Speaker 2: what's one they hold, and just pick the top companies

1073
00:51:35,880 --> 00:51:38,040
Speaker 2: in the ETF. And at that point you went Now

1074
00:51:38,040 --> 00:51:40,040
Speaker 2: you don't know the value of it. That's that's what

1075
00:51:40,080 --> 00:51:42,440
Speaker 2: I teach people about value, how to value it. But

1076
00:51:42,440 --> 00:51:44,080
Speaker 2: if you just want to be a lazy investor, you

1077
00:51:44,080 --> 00:51:46,000
Speaker 2: can all you can just do that because ETF is

1078
00:51:46,000 --> 00:51:49,200
Speaker 2: gonna have the top performing businesses in that sector inside

1079
00:51:49,200 --> 00:51:50,160
Speaker 2: the ETF and you.

1080
00:51:50,000 --> 00:51:52,920
Speaker 4: Just picked that and indexed funds.

1081
00:51:53,160 --> 00:51:56,440
Speaker 2: So index funds would be you buying a whole market.

1082
00:51:56,719 --> 00:52:00,919
Speaker 2: Now they are broken down different ways. So you can

1083
00:52:00,960 --> 00:52:04,960
Speaker 2: buy the doll Jones, you can buy the S and

1084
00:52:04,960 --> 00:52:07,000
Speaker 2: P five hundred, these are index.

1085
00:52:06,680 --> 00:52:07,359
Speaker 6: And as well.

1086
00:52:07,440 --> 00:52:09,040
Speaker 2: Yeah, you can buy a Nastak, you can buy the

1087
00:52:09,080 --> 00:52:11,759
Speaker 2: rust of two thousand, which are the full majors.

1088
00:52:12,440 --> 00:52:14,000
Speaker 3: Then you can break it.

1089
00:52:14,000 --> 00:52:16,239
Speaker 2: Down and say, okay, I just want to get a

1090
00:52:16,360 --> 00:52:17,640
Speaker 2: large cap ETF.

1091
00:52:17,719 --> 00:52:19,400
Speaker 3: So that's all.

1092
00:52:19,320 --> 00:52:24,960
Speaker 2: Businesses that have one billion, two billion are better, right,

1093
00:52:25,040 --> 00:52:26,719
Speaker 2: so every business in here is going to be two

1094
00:52:26,760 --> 00:52:29,400
Speaker 2: billion dollars or better ten billion. I'm sorry, ten billion

1095
00:52:29,440 --> 00:52:32,600
Speaker 2: are better. Then you can buy a mid cap, which

1096
00:52:33,040 --> 00:52:35,680
Speaker 2: businesses that stop at two billion. And then you can

1097
00:52:35,719 --> 00:52:38,520
Speaker 2: buy a small cap, which is businesses under two billion,

1098
00:52:39,280 --> 00:52:41,759
Speaker 2: two billion dollars worth under two billion dollars market cap.

1099
00:52:41,920 --> 00:52:45,920
Speaker 5: Yeah, the market cap, so market capitalization, that's kind of

1100
00:52:45,920 --> 00:52:49,080
Speaker 5: how they categorize stop. Yeah, And I always like the

1101
00:52:49,160 --> 00:52:52,400
Speaker 5: analogy that I use. It's like you have giant cap,

1102
00:52:52,560 --> 00:52:55,400
Speaker 5: large cap, those who are like, you know, giant.

1103
00:52:55,200 --> 00:52:57,319
Speaker 3: Companies one hundred billions are better. Yeah.

1104
00:52:57,400 --> 00:53:00,080
Speaker 5: Then you have you know, mid cap. Then you have

1105
00:53:00,080 --> 00:53:02,279
Speaker 5: a small cap, and you have micro cap. So the

1106
00:53:02,320 --> 00:53:06,080
Speaker 5: thing is that usually, and correct me if I'm wrong,

1107
00:53:06,520 --> 00:53:09,560
Speaker 5: the larger to cap, the less volatile. Like it's almost

1108
00:53:09,600 --> 00:53:12,399
Speaker 5: impossible for Apple to just fall apart overnight. It's they're

1109
00:53:12,440 --> 00:53:14,680
Speaker 5: also not going to quad duple over night either, where

1110
00:53:14,880 --> 00:53:18,160
Speaker 5: a smaller company, good news can send their stocks skyrocketing,

1111
00:53:18,480 --> 00:53:20,319
Speaker 5: but then bad news can bankrupt them.

1112
00:53:20,440 --> 00:53:23,399
Speaker 4: So it's kind of like a speedboat and.

1113
00:53:23,360 --> 00:53:25,160
Speaker 6: A cruise ship, like a wee work situation.

1114
00:53:26,920 --> 00:53:29,640
Speaker 4: We gotta talk about we work, talk about work.

1115
00:53:30,239 --> 00:53:34,480
Speaker 2: But that's called beta. What you're talking about the volatility.

1116
00:53:34,680 --> 00:53:36,319
Speaker 2: So if you're gonna invest in the stock, you can

1117
00:53:36,360 --> 00:53:38,799
Speaker 2: look at the beta of it. A low beta means

1118
00:53:38,840 --> 00:53:42,000
Speaker 2: it is not volatile. A high beta means like Tesla,

1119
00:53:42,120 --> 00:53:44,320
Speaker 2: high beta, high risk, high reward.

1120
00:53:45,000 --> 00:53:45,239
Speaker 6: Right.

1121
00:53:45,320 --> 00:53:50,680
Speaker 2: But McDonald's probably a beta of zero point nine, right,

1122
00:53:50,719 --> 00:53:52,880
Speaker 2: So it's not gonna you know, it's not like you're

1123
00:53:52,880 --> 00:53:54,600
Speaker 2: not about the week up to dam McDonald's is at

1124
00:53:54,640 --> 00:53:57,120
Speaker 2: two thirty and tomorrow tomorrow is at one fifty.

1125
00:53:57,160 --> 00:53:59,640
Speaker 3: That's not by app. But with Tesla you're a wake

1126
00:53:59,719 --> 00:54:02,239
Speaker 3: up to is that to fifty tomorrow you can wake up?

1127
00:54:02,320 --> 00:54:06,840
Speaker 3: Is that one eighty? Easy? Right? So high beta in

1128
00:54:06,880 --> 00:54:08,440
Speaker 3: the market cap is just simply this.

1129
00:54:09,120 --> 00:54:12,319
Speaker 2: If I have ten shares of my business on the

1130
00:54:12,320 --> 00:54:15,640
Speaker 2: stock market, and there were ten dollars a share at

1131
00:54:15,640 --> 00:54:18,440
Speaker 2: that point, I have one hundred dollars market cap. So

1132
00:54:18,480 --> 00:54:21,200
Speaker 2: it's how many outstanding shares on the market times of

1133
00:54:21,239 --> 00:54:23,040
Speaker 2: stock price, that's how much.

1134
00:54:23,120 --> 00:54:25,279
Speaker 3: That's how you can tell what the market cap is

1135
00:54:25,280 --> 00:54:25,840
Speaker 3: of a business.

1136
00:54:25,840 --> 00:54:27,320
Speaker 4: Can we talk about that? We work situation.

1137
00:54:27,480 --> 00:54:28,239
Speaker 3: Let's talk about it.

1138
00:54:28,400 --> 00:54:32,120
Speaker 5: So if anybody's not familiar, we worked was the talk

1139
00:54:32,160 --> 00:54:34,920
Speaker 5: of Wall Street. Right, it was IPO. They were the

1140
00:54:34,960 --> 00:54:36,320
Speaker 5: most valuable.

1141
00:54:36,800 --> 00:54:38,960
Speaker 3: Forty five billion, coming in at forty.

1142
00:54:38,719 --> 00:54:40,440
Speaker 4: Five something.

1143
00:54:41,560 --> 00:54:45,560
Speaker 5: And they fell apart and now they had to withdraw

1144
00:54:45,960 --> 00:54:50,279
Speaker 5: their IPO. The CEO got fired, step down, step down,

1145
00:54:50,680 --> 00:54:55,240
Speaker 5: he lost his billionaire status. Yes, so today in a day,

1146
00:54:55,920 --> 00:54:57,600
Speaker 5: So a lot of times people see these stories they

1147
00:54:57,640 --> 00:54:59,480
Speaker 5: don't fully understand, like how is this possible?

1148
00:54:59,560 --> 00:55:00,880
Speaker 4: Like what's your take on that?

1149
00:55:01,400 --> 00:55:04,959
Speaker 2: Well, so shout my people house hunder two one six.

1150
00:55:05,680 --> 00:55:08,520
Speaker 2: She had me one day, cousin Nita, she hit me

1151
00:55:08,520 --> 00:55:08,799
Speaker 2: and she.

1152
00:55:08,840 --> 00:55:12,840
Speaker 3: Was like, travel my heart right there. She hit me

1153
00:55:12,880 --> 00:55:13,160
Speaker 3: up on that.

1154
00:55:13,280 --> 00:55:15,799
Speaker 2: She was like, trapper, man, I won't invest in we

1155
00:55:15,800 --> 00:55:17,000
Speaker 2: were I said, oh no, you not.

1156
00:55:18,920 --> 00:55:20,640
Speaker 3: Know you not? She was like why.

1157
00:55:20,760 --> 00:55:23,600
Speaker 2: I was like, man, these people don't make money. So

1158
00:55:23,640 --> 00:55:25,440
Speaker 2: one of the things I love about the stock market

1159
00:55:25,520 --> 00:55:28,520
Speaker 2: is it literally teaches you how to be a businessman

1160
00:55:29,080 --> 00:55:33,200
Speaker 2: or a woman because you look at businesses all day. Right,

1161
00:55:33,960 --> 00:55:37,799
Speaker 2: so they're not profitable. Well, a lot of companies aren't

1162
00:55:37,920 --> 00:55:43,239
Speaker 2: finished off, so they aren't profitable and they don't have

1163
00:55:43,440 --> 00:55:46,480
Speaker 2: the revenue to back it up. So like, not only

1164
00:55:46,480 --> 00:55:49,279
Speaker 2: aren't they so you can actually not be profitable but

1165
00:55:49,360 --> 00:55:52,360
Speaker 2: still have a lot of revenue Netflix, you know what

1166
00:55:52,400 --> 00:55:56,319
Speaker 2: I'm saying. But Uber or Uber, but they aren't profitable

1167
00:55:56,719 --> 00:55:59,960
Speaker 2: and they don't have the revenue coming in. And it's

1168
00:56:01,400 --> 00:56:03,520
Speaker 2: so when I invest in the business, I look at this.

1169
00:56:04,760 --> 00:56:08,960
Speaker 2: I always look at the inverse, meaning if something bad happens,

1170
00:56:09,800 --> 00:56:12,120
Speaker 2: how likely is it for this stock to fall?

1171
00:56:13,160 --> 00:56:14,920
Speaker 3: So we know we work it's based.

1172
00:56:14,600 --> 00:56:18,600
Speaker 2: Off of entrepreneurial space, right, so they rent space to entrepreneurs.

1173
00:56:19,200 --> 00:56:21,120
Speaker 2: So I looked at it like this, they already are

1174
00:56:21,160 --> 00:56:25,560
Speaker 2: not profitable if something happens as far as recession wise,

1175
00:56:27,080 --> 00:56:30,080
Speaker 2: when entrepreneurs rather come sit in the room at their

1176
00:56:30,120 --> 00:56:32,520
Speaker 2: own house in the table and do work and not

1177
00:56:32,600 --> 00:56:35,120
Speaker 2: pay that rent, or would they still pay that rent,

1178
00:56:35,640 --> 00:56:37,920
Speaker 2: they probably would cut that rent out. So that business

1179
00:56:37,960 --> 00:56:41,440
Speaker 2: model isn't to me. It wasn't something that has a

1180
00:56:41,520 --> 00:56:42,759
Speaker 2: lot of longevity in it.

1181
00:56:42,840 --> 00:56:43,160
Speaker 3: Now.

1182
00:56:44,640 --> 00:56:48,200
Speaker 2: Dude was a bad seal with a great idea, though,

1183
00:56:49,760 --> 00:56:53,239
Speaker 2: but when he got the bread, he just was on.

1184
00:56:54,680 --> 00:56:58,879
Speaker 3: He was he was some party city woof of Wall

1185
00:56:58,920 --> 00:57:05,960
Speaker 3: Street all the but I envisioned the lamb.

1186
00:57:06,520 --> 00:57:09,560
Speaker 2: Yeah, he had a lot going on, and he didn't

1187
00:57:09,600 --> 00:57:10,759
Speaker 2: want he didn't want up it.

1188
00:57:11,120 --> 00:57:13,120
Speaker 3: But once, so this is the thing.

1189
00:57:13,280 --> 00:57:16,080
Speaker 2: Once somebody who's a major investor said, Yo, I'm pulling

1190
00:57:16,080 --> 00:57:20,560
Speaker 2: my bread soft bank, which is up. Once they're like,

1191
00:57:20,680 --> 00:57:22,280
Speaker 2: I'm pulling my bread, you know, like do it on

1192
00:57:22,280 --> 00:57:23,720
Speaker 2: the wrong level. He living his life wrong.

1193
00:57:24,640 --> 00:57:29,440
Speaker 3: Now other major infestors are like, wait a minute, I'm

1194
00:57:29,440 --> 00:57:31,720
Speaker 3: gonna pull my bread to even that ship.

1195
00:57:31,840 --> 00:57:34,000
Speaker 2: Yeah, and so now the people nobody wants to get

1196
00:57:34,000 --> 00:57:36,520
Speaker 2: stuck hold in the bag. So the next biggest thing

1197
00:57:36,600 --> 00:57:39,200
Speaker 2: is do you gotta go. We don't want you to go,

1198
00:57:39,240 --> 00:57:43,320
Speaker 2: but you gotta step down because we need another face, right,

1199
00:57:43,480 --> 00:57:45,440
Speaker 2: And so he was stubborn for a while, like nah,

1200
00:57:45,560 --> 00:57:48,320
Speaker 2: because he made the business. You know, it's harf you

1201
00:57:48,400 --> 00:57:51,040
Speaker 2: let your baby go because even if you step down,

1202
00:57:51,040 --> 00:57:51,560
Speaker 2: you know what's.

1203
00:57:51,400 --> 00:57:54,120
Speaker 6: Coming next the ship be thinking.

1204
00:57:56,240 --> 00:57:58,000
Speaker 2: So I just thought it was a bad business as

1205
00:57:58,000 --> 00:58:00,680
Speaker 2: a whole out what you do sing about.

1206
00:58:01,880 --> 00:58:05,640
Speaker 5: I think that it has potential because there's a lot

1207
00:58:05,680 --> 00:58:12,760
Speaker 5: of coworking one yeahs like actually speaking back the night,

1208
00:58:15,560 --> 00:58:19,000
Speaker 5: it's interesting what you said as far as economic downturn,

1209
00:58:19,000 --> 00:58:20,760
Speaker 5: because I was gonna ask you about the recession or

1210
00:58:20,840 --> 00:58:23,400
Speaker 5: people saying it's going to be a recession. It's interesting.

1211
00:58:23,400 --> 00:58:25,600
Speaker 5: I never really thought about that from that standpoint. But

1212
00:58:25,720 --> 00:58:27,640
Speaker 5: it makes a lot of sense as far as to say, Okay,

1213
00:58:27,680 --> 00:58:30,000
Speaker 5: if if worst comes the worst, I'll just stay in

1214
00:58:30,000 --> 00:58:33,040
Speaker 5: my living room. I don't have to you know, if

1215
00:58:33,080 --> 00:58:34,640
Speaker 5: you go into off, you don't have to have an

1216
00:58:34,680 --> 00:58:39,880
Speaker 5: office if you're doing that, because other than like holding meetings,

1217
00:58:39,920 --> 00:58:42,200
Speaker 5: which you just pay zoom.

1218
00:58:42,400 --> 00:58:45,840
Speaker 6: Yeah, it's just not sustainable, right, Like I might not

1219
00:58:46,000 --> 00:58:49,120
Speaker 6: have meetings every day of every month.

1220
00:58:49,800 --> 00:58:52,080
Speaker 5: I think people are working differently now too. It's kind

1221
00:58:52,120 --> 00:58:53,840
Speaker 5: of my old business model to actually go and like

1222
00:58:53,880 --> 00:58:55,360
Speaker 5: I have an office I probably go to like once

1223
00:58:55,400 --> 00:58:55,680
Speaker 5: a week.

1224
00:58:55,760 --> 00:58:56,240
Speaker 6: Exactly.

1225
00:58:56,960 --> 00:58:58,880
Speaker 4: You don't need to physically go into an.

1226
00:58:58,760 --> 00:59:01,960
Speaker 6: Office and there once a week. You know what I'm saying, Like,

1227
00:59:02,040 --> 00:59:02,600
Speaker 6: what's the point.

1228
00:59:02,960 --> 00:59:05,000
Speaker 2: It's not you may go just to clear your mind.

1229
00:59:06,080 --> 00:59:09,600
Speaker 2: I'm just going, yeah, let me go ahead, but you

1230
00:59:09,600 --> 00:59:12,200
Speaker 2: don't need it. So that's what that's what I thought

1231
00:59:12,200 --> 00:59:14,520
Speaker 2: about it. Now the bad part.

1232
00:59:16,160 --> 00:59:19,040
Speaker 3: Some of some of them are actually profitable.

1233
00:59:19,560 --> 00:59:21,800
Speaker 2: So at that point, the whole dynamic of the business

1234
00:59:21,840 --> 00:59:24,960
Speaker 2: changes because if you're a profitable.

1235
00:59:24,440 --> 00:59:27,120
Speaker 3: Business in an economic downturn.

1236
00:59:27,200 --> 00:59:28,840
Speaker 2: So now we're gonna tap into something that's deeper called

1237
00:59:28,880 --> 00:59:32,600
Speaker 2: free cast flow. Right, So this is the money that

1238
00:59:32,640 --> 00:59:36,240
Speaker 2: a business has that's not attached to anything. After they

1239
00:59:36,280 --> 00:59:38,520
Speaker 2: pay their bills and after they pay everything, they still

1240
00:59:38,520 --> 00:59:40,600
Speaker 2: have this or Apple is like one of them has

1241
00:59:40,640 --> 00:59:47,040
Speaker 2: the biggest, Like yo, they free cast was like crazy, it's.

1242
00:59:46,880 --> 00:59:48,280
Speaker 3: Like one hundred and ninety billion.

1243
00:59:49,080 --> 00:59:52,720
Speaker 2: So what happens is in case of an economic downturn,

1244
00:59:54,000 --> 00:59:59,720
Speaker 2: they still have money to keep the business going. If

1245
00:59:59,720 --> 01:00:02,080
Speaker 2: you are profitable business and you have a good free

1246
01:00:02,080 --> 01:00:05,400
Speaker 2: cash flow, you can still sustain for a given amount

1247
01:00:05,400 --> 01:00:08,560
Speaker 2: of time. But if you're negative all around the board,

1248
01:00:08,840 --> 01:00:11,520
Speaker 2: you're gonna collapse. And so for me, that's something I

1249
01:00:11,600 --> 01:00:13,800
Speaker 2: look for in a business. I need you to have

1250
01:00:14,840 --> 01:00:19,880
Speaker 2: a mote, which is a competitive advantage, and I need

1251
01:00:19,920 --> 01:00:22,480
Speaker 2: you to have a good like free cash flow.

1252
01:00:22,520 --> 01:00:23,560
Speaker 3: I need that to be positive.

1253
01:00:23,560 --> 01:00:24,800
Speaker 4: So when you look at a business, what are you

1254
01:00:24,800 --> 01:00:27,600
Speaker 4: looking at? You're looking at their earning report? Do you like?

1255
01:00:28,080 --> 01:00:30,520
Speaker 4: What do you what do you actually look and how

1256
01:00:30,520 --> 01:00:31,680
Speaker 4: do you evaluate whether.

1257
01:00:31,520 --> 01:00:34,240
Speaker 2: Your So I look for a few things like so

1258
01:00:35,560 --> 01:00:36,840
Speaker 2: it's like me looking at a woman.

1259
01:00:36,920 --> 01:00:38,520
Speaker 3: No, no to nobody.

1260
01:00:38,400 --> 01:00:41,160
Speaker 6: Like, I don't want get the notepads out there, right,

1261
01:00:41,320 --> 01:00:42,160
Speaker 6: So you.

1262
01:00:42,560 --> 01:00:46,120
Speaker 2: Have what you look for, and then you have what's

1263
01:00:46,200 --> 01:00:51,200
Speaker 2: there right, and then you ask yourself, how does this

1264
01:00:51,240 --> 01:00:52,320
Speaker 2: fit to what I want?

1265
01:00:53,120 --> 01:00:53,320
Speaker 6: Right?

1266
01:00:53,360 --> 01:00:54,760
Speaker 3: So what I do is I look at The first

1267
01:00:54,760 --> 01:00:55,560
Speaker 3: thing I look at is this.

1268
01:00:55,640 --> 01:00:58,480
Speaker 2: I never look at the stock price because the stock

1269
01:00:58,520 --> 01:01:01,200
Speaker 2: price is only based on how you and I feel

1270
01:01:01,240 --> 01:01:04,240
Speaker 2: about it, right, So first thing I look at who

1271
01:01:04,320 --> 01:01:06,400
Speaker 2: running a business? And I put this on my page

1272
01:01:06,440 --> 01:01:09,919
Speaker 2: all the time. How a person runs a business tells

1273
01:01:09,960 --> 01:01:13,720
Speaker 2: me a lot about the business. Because if you can't man,

1274
01:01:13,760 --> 01:01:16,480
Speaker 2: if you can't run the business. I can't make no money.

1275
01:01:16,880 --> 01:01:19,439
Speaker 2: So I'm gonna look at when did you get into

1276
01:01:19,440 --> 01:01:22,760
Speaker 2: a position of the CEO, How did the business run

1277
01:01:22,800 --> 01:01:25,520
Speaker 2: before you? And what have you done since you got

1278
01:01:25,720 --> 01:01:29,000
Speaker 2: taken control of the business. That's first and foremost, So

1279
01:01:29,080 --> 01:01:32,200
Speaker 2: I won't look at management first. The next thing I'm

1280
01:01:32,200 --> 01:01:36,520
Speaker 2: gonna look at is do you have a competitive ad right? So,

1281
01:01:36,640 --> 01:01:39,160
Speaker 2: like what makes you better than everybody else? What makes

1282
01:01:39,200 --> 01:01:42,720
Speaker 2: you sustainable? So, for instance, if you bought Coca Cola,

1283
01:01:43,720 --> 01:01:46,440
Speaker 2: so you have to ask yourself this. If you are

1284
01:01:46,480 --> 01:01:51,200
Speaker 2: a retail business, what does your shelf domination look like?

1285
01:01:52,280 --> 01:01:56,200
Speaker 2: How do you dominate the shells? So if you go

1286
01:01:56,320 --> 01:02:00,920
Speaker 2: into sodas, Coca Cola dominates. But if you look at

1287
01:02:00,920 --> 01:02:05,960
Speaker 2: the overall business, Pepsi does. Pepsi has more products. But

1288
01:02:06,040 --> 01:02:11,520
Speaker 2: if you look in that sheer beverages, Coca Cola dominates.

1289
01:02:12,320 --> 01:02:16,320
Speaker 2: Even when you go to a fast food store, they're

1290
01:02:16,400 --> 01:02:18,160
Speaker 2: predominantly coke products.

1291
01:02:19,480 --> 01:02:21,920
Speaker 4: One of those things where they coined the names like coke.

1292
01:02:21,800 --> 01:02:27,920
Speaker 3: Coke, and Bingo. When your name becomes synonymous with something,

1293
01:02:28,040 --> 01:02:29,080
Speaker 3: you have a competitive EDG.

1294
01:02:29,120 --> 01:02:31,200
Speaker 6: We have that conversation. It's like bandid.

1295
01:02:31,000 --> 01:02:35,680
Speaker 2: Bingo's It's like polo bingo, that style of shirts, even

1296
01:02:35,720 --> 01:02:38,040
Speaker 2: if it's a cost shirt, it's a polo shirt exactly.

1297
01:02:38,120 --> 01:02:40,800
Speaker 2: So I'm looking for that doable competitive edge. And now

1298
01:02:40,840 --> 01:02:42,800
Speaker 2: we're going to tap into earnings. So I want to

1299
01:02:42,840 --> 01:02:47,240
Speaker 2: see me, what have you done the last eight quarters?

1300
01:02:48,120 --> 01:02:50,400
Speaker 2: Have you beat ernest the last eight quarters? Meaning have

1301
01:02:50,520 --> 01:02:53,280
Speaker 2: you made profits the last eight quarters? And then I

1302
01:02:53,320 --> 01:02:55,680
Speaker 2: want to look at your free cash flow. I want

1303
01:02:55,680 --> 01:03:01,200
Speaker 2: to look at work in capital, which is current assets

1304
01:03:01,640 --> 01:03:05,400
Speaker 2: and current liabilities meanings what you have in these next

1305
01:03:05,400 --> 01:03:08,240
Speaker 2: twelve months. So something happening in the next twelve months,

1306
01:03:08,720 --> 01:03:11,520
Speaker 2: is that money positive? If it's negative, we got an issue.

1307
01:03:11,680 --> 01:03:14,480
Speaker 2: It's not bad, but we got an issue. If it's positive,

1308
01:03:14,480 --> 01:03:15,560
Speaker 2: then I know you can hold it down.

1309
01:03:15,600 --> 01:03:17,200
Speaker 3: It's like having money and sale accounty.

1310
01:03:17,400 --> 01:03:19,760
Speaker 6: So when you're looking at all these things, are we

1311
01:03:19,840 --> 01:03:22,520
Speaker 6: looking what are we looking through publications? Are we going

1312
01:03:22,560 --> 01:03:23,280
Speaker 6: to a site like.

1313
01:03:24,680 --> 01:03:27,880
Speaker 3: So face value.

1314
01:03:27,920 --> 01:03:31,200
Speaker 2: You can go to Yahoo finance, just face value. You

1315
01:03:31,240 --> 01:03:33,920
Speaker 2: go to Yahoo finance and you can do the numbers.

1316
01:03:34,560 --> 01:03:37,120
Speaker 2: If you want to dig deep, you go to that

1317
01:03:37,240 --> 01:03:41,600
Speaker 2: company's quarterly report an annual report. So what happens is

1318
01:03:42,480 --> 01:03:44,520
Speaker 2: it's another thing like while I love the stock market,

1319
01:03:45,000 --> 01:03:48,560
Speaker 2: if you're a public company, you have to tell.

1320
01:03:48,360 --> 01:03:49,080
Speaker 3: People what you're doing.

1321
01:03:49,080 --> 01:03:53,160
Speaker 2: Information has to be public, it has to be so

1322
01:03:53,320 --> 01:03:55,320
Speaker 2: even your competitors get to see what you're doing.

1323
01:03:56,080 --> 01:03:56,800
Speaker 3: So that's what I do.

1324
01:03:56,920 --> 01:03:58,960
Speaker 2: Like if I like a business, I won't see what

1325
01:03:59,000 --> 01:04:00,960
Speaker 2: the competitors doing, and I won't see how are you

1326
01:04:01,040 --> 01:04:02,479
Speaker 2: at matching up to what they're doing?

1327
01:04:02,520 --> 01:04:03,640
Speaker 3: Are you shifting that way?

1328
01:04:04,520 --> 01:04:04,720
Speaker 6: Right?

1329
01:04:04,800 --> 01:04:08,040
Speaker 2: So I won't see are they how are they move

1330
01:04:08,080 --> 01:04:10,720
Speaker 2: into all the future? Because we know every two years

1331
01:04:11,040 --> 01:04:12,320
Speaker 2: the business cycle changes.

1332
01:04:12,680 --> 01:04:14,720
Speaker 6: That's why when you hear like on CNBC, it's like

1333
01:04:14,760 --> 01:04:17,480
Speaker 6: all their quartery reports coming in every too.

1334
01:04:17,920 --> 01:04:19,000
Speaker 3: Everybody has to do it.

1335
01:04:19,240 --> 01:04:22,440
Speaker 2: And so if it's a dividend paying company, are you

1336
01:04:22,520 --> 01:04:25,680
Speaker 2: increasing those? If you increase from those, that mean you

1337
01:04:25,720 --> 01:04:30,320
Speaker 2: have some profitability because no business can consistently increase paying

1338
01:04:30,400 --> 01:04:32,520
Speaker 2: me more money if they don't have money.

1339
01:04:33,680 --> 01:04:36,440
Speaker 4: So education, Am I going to d right now?

1340
01:04:36,280 --> 01:04:37,000
Speaker 6: No? Man?

1341
01:04:39,000 --> 01:04:39,360
Speaker 4: Perfect?

1342
01:04:39,480 --> 01:04:41,520
Speaker 5: So all right? So the education, right, you got to

1343
01:04:41,520 --> 01:04:44,520
Speaker 5: on your own platform? So what what made you? What

1344
01:04:44,640 --> 01:04:47,280
Speaker 5: made you want to want to do that and educate

1345
01:04:47,320 --> 01:04:47,760
Speaker 5: other people?

1346
01:04:48,240 --> 01:04:48,479
Speaker 3: Uh?

1347
01:04:48,760 --> 01:04:49,920
Speaker 4: With knowlge that that you have.

1348
01:04:51,160 --> 01:04:55,640
Speaker 3: So what happened for me was it got me out

1349
01:04:55,680 --> 01:04:56,000
Speaker 3: the trap?

1350
01:04:56,960 --> 01:05:04,160
Speaker 2: YEA literally like hustling. Stop selling weed, stopped robbing, stopped

1351
01:05:04,160 --> 01:05:08,520
Speaker 2: selling coke. I started putting all my money in stock market.

1352
01:05:08,800 --> 01:05:11,960
Speaker 3: And at that point I wasn't worrying about nobody shooting me.

1353
01:05:12,440 --> 01:05:14,960
Speaker 3: I got shot. I shot twice in my leg, once in.

1354
01:05:14,880 --> 01:05:20,040
Speaker 2: My ass, and I almost got kidnapped when I was fifteen,

1355
01:05:20,520 --> 01:05:24,320
Speaker 2: Like I was halfway inside the trump. For me, it

1356
01:05:24,440 --> 01:05:28,840
Speaker 2: was like, damn, I can make money doing this shit.

1357
01:05:29,040 --> 01:05:32,440
Speaker 2: Excuse my naguage, and I ain't got to worry about nothing.

1358
01:05:34,080 --> 01:05:37,520
Speaker 2: It was it was synonymous with hustling for me. So

1359
01:05:37,960 --> 01:05:39,880
Speaker 2: that's another reason why I love it so much, is

1360
01:05:39,920 --> 01:05:42,720
Speaker 2: because me actually breaking down a business.

1361
01:05:42,760 --> 01:05:44,120
Speaker 3: It's like me breaking down a pack.

1362
01:05:44,680 --> 01:05:47,400
Speaker 6: Yeah, that's like one of the things that I heard

1363
01:05:47,440 --> 01:05:49,440
Speaker 6: you say and one of your videos was like, Yo,

1364
01:05:49,680 --> 01:05:52,080
Speaker 6: this is comparable to the streets. I wish people would

1365
01:05:52,080 --> 01:05:55,000
Speaker 6: have known. Yeah, this whole time, this is like comparable.

1366
01:05:54,560 --> 01:05:59,520
Speaker 2: To they're the biggest gangsters. So once I learned that again,

1367
01:05:59,600 --> 01:06:02,040
Speaker 2: my whole movement started. And this ain't nothing against nobody.

1368
01:06:02,120 --> 01:06:04,280
Speaker 2: Shout out to all my trappers. That's rocking with me, right,

1369
01:06:04,680 --> 01:06:09,040
Speaker 2: But my moving wasn't for everybody. I'm not for everybody.

1370
01:06:09,720 --> 01:06:12,440
Speaker 2: I don't relate to everybody. Everybody won't relate to me,

1371
01:06:12,600 --> 01:06:15,880
Speaker 2: and that's cool. I was straight for people from the

1372
01:06:15,880 --> 01:06:20,440
Speaker 2: streets because I felt like I could teach you something

1373
01:06:20,720 --> 01:06:23,200
Speaker 2: that nobody taught you, and I gave us the leverage.

1374
01:06:24,200 --> 01:06:26,880
Speaker 2: And so a friend of mine was like, Yo, you

1375
01:06:26,880 --> 01:06:29,160
Speaker 2: need to put that on like Instagram.

1376
01:06:30,240 --> 01:06:31,960
Speaker 3: Now, mind you. Like I'm not even much.

1377
01:06:32,000 --> 01:06:34,120
Speaker 2: I wasn't the Instagram person like, yo, I'm not about

1378
01:06:34,120 --> 01:06:35,120
Speaker 2: to be taking these pictures.

1379
01:06:34,840 --> 01:06:35,840
Speaker 3: Talking to these people like that.

1380
01:06:35,920 --> 01:06:39,760
Speaker 2: But once I realized how powerful it was, like the

1381
01:06:39,840 --> 01:06:42,600
Speaker 2: courage was like, yay, let's talk about it. And so

1382
01:06:42,680 --> 01:06:46,000
Speaker 2: once people started telling me, yo, I'm investing in stocks

1383
01:06:46,000 --> 01:06:48,680
Speaker 2: because of you, it was bigger than me at that

1384
01:06:48,720 --> 01:06:52,959
Speaker 2: point and the greatest way for us to grow real talk.

1385
01:06:53,480 --> 01:06:54,080
Speaker 3: I've learned this.

1386
01:06:55,120 --> 01:06:58,400
Speaker 2: You'll get stagnant in your knowledge, even though you can learn,

1387
01:06:58,440 --> 01:06:59,040
Speaker 2: you can read.

1388
01:07:00,120 --> 01:07:01,920
Speaker 3: You learn more when you teach other people.

1389
01:07:03,040 --> 01:07:06,720
Speaker 2: Absolutely, absolutely, you learn more when you teach other people.

1390
01:07:07,080 --> 01:07:11,640
Speaker 2: And so people have unique questions and in order to

1391
01:07:11,680 --> 01:07:15,120
Speaker 2: be a good teacher, you have to have these prolific answers,

1392
01:07:15,160 --> 01:07:18,000
Speaker 2: but they have to make sense. So it makes you,

1393
01:07:18,120 --> 01:07:19,520
Speaker 2: I don't want to say dumb it down, but it

1394
01:07:19,560 --> 01:07:23,560
Speaker 2: makes you like dig deeple into your your mental forward

1395
01:07:23,600 --> 01:07:24,439
Speaker 2: text and like.

1396
01:07:24,840 --> 01:07:27,440
Speaker 3: How can I make this sound like apples and oranges?

1397
01:07:28,240 --> 01:07:31,280
Speaker 6: Even if they're not grasping, Like how can I modify

1398
01:07:31,320 --> 01:07:31,960
Speaker 6: it to make.

1399
01:07:31,840 --> 01:07:33,360
Speaker 3: Sure that they get it?

1400
01:07:33,480 --> 01:07:36,040
Speaker 6: Like when I first went into education, like they had

1401
01:07:36,080 --> 01:07:38,280
Speaker 6: me teaching health, I never wanted to be in a

1402
01:07:38,280 --> 01:07:41,960
Speaker 6: classroom straight and it was a challenge every day, Like

1403
01:07:42,040 --> 01:07:44,120
Speaker 6: kids would come with questions and I'm like, damn, do

1404
01:07:44,200 --> 01:07:45,440
Speaker 6: I really do I even.

1405
01:07:45,240 --> 01:07:46,600
Speaker 3: Know this exactly appropriate?

1406
01:07:46,760 --> 01:07:49,240
Speaker 6: Exactly I have to go learn now this exactly So

1407
01:07:49,280 --> 01:07:51,720
Speaker 6: the next day I come all right, there you go.

1408
01:07:51,960 --> 01:07:53,040
Speaker 3: So that's the best way.

1409
01:07:53,240 --> 01:07:56,000
Speaker 4: So once that happened, So what do you So what

1410
01:07:56,040 --> 01:08:00,080
Speaker 4: are you teaching people that you're working with?

1411
01:08:00,240 --> 01:08:02,240
Speaker 5: Are you teaching them like step by step like how

1412
01:08:02,240 --> 01:08:05,040
Speaker 5: to get into the game, how to evaluate stocks, like

1413
01:08:05,080 --> 01:08:06,000
Speaker 5: all of the above.

1414
01:08:06,120 --> 01:08:08,440
Speaker 2: So I actually have different I have different levels what

1415
01:08:08,520 --> 01:08:11,120
Speaker 2: I get into, so I meet people at their level.

1416
01:08:11,440 --> 01:08:14,920
Speaker 2: There is no like one size of his at So

1417
01:08:15,000 --> 01:08:15,800
Speaker 2: I actually have.

1418
01:08:17,880 --> 01:08:18,880
Speaker 3: I have three e books.

1419
01:08:19,400 --> 01:08:21,280
Speaker 2: So the Wall Street Trap one on one, Wash Street

1420
01:08:21,320 --> 01:08:23,280
Speaker 2: Trap one or two was shret Trap one O three.

1421
01:08:24,840 --> 01:08:25,360
Speaker 6: Falling Away.

1422
01:08:25,800 --> 01:08:27,639
Speaker 3: The name one of four is trapped doing numbers.

1423
01:08:27,680 --> 01:08:31,800
Speaker 2: Moti supply the street dog motivation and I actually have

1424
01:08:33,080 --> 01:08:35,839
Speaker 2: Trap of flash cards and.

1425
01:08:35,880 --> 01:08:38,439
Speaker 3: This was a project that I used. I used them

1426
01:08:38,479 --> 01:08:39,400
Speaker 3: on my daughter's mother.

1427
01:08:40,479 --> 01:08:43,840
Speaker 2: I was like, look, teach her these It's been about

1428
01:08:43,840 --> 01:08:46,759
Speaker 2: twenty minutes a day just teaching her these cards. It's digital,

1429
01:08:47,439 --> 01:08:49,320
Speaker 2: and in about three months she was like, hey, I

1430
01:08:49,320 --> 01:08:52,040
Speaker 2: won't open up an account. So at that point I

1431
01:08:52,120 --> 01:08:55,120
Speaker 2: knew it was suitable for kids and adults, you know

1432
01:08:55,160 --> 01:08:58,519
Speaker 2: what I'm saying. So one of my courses is called

1433
01:08:58,600 --> 01:09:01,200
Speaker 2: Jumping off the Porch. Everything I do is related to

1434
01:09:01,200 --> 01:09:03,640
Speaker 2: the streets. I was going to say, like everything you

1435
01:09:03,800 --> 01:09:04,479
Speaker 2: do is.

1436
01:09:04,400 --> 01:09:08,559
Speaker 6: Synonymous with street, right, like from even Wall Street Trap.

1437
01:09:08,800 --> 01:09:12,800
Speaker 6: We et even get into obviously trapping. We know it is,

1438
01:09:13,200 --> 01:09:16,040
Speaker 6: like you say, it is like synonymous with somebody doing

1439
01:09:16,280 --> 01:09:19,519
Speaker 6: illegal things in the area. Wall Street is synonymous with

1440
01:09:19,600 --> 01:09:22,519
Speaker 6: people who come from wealth. Right, So when you think that, like,

1441
01:09:22,640 --> 01:09:26,080
Speaker 6: let's converse together and now like that's it. We're gonna

1442
01:09:26,080 --> 01:09:26,519
Speaker 6: play on that.

1443
01:09:26,560 --> 01:09:28,280
Speaker 2: And that was the name of the businesses from the

1444
01:09:28,280 --> 01:09:31,000
Speaker 2: Trap of Wall Street. That's the name of my business.

1445
01:09:32,600 --> 01:09:35,479
Speaker 2: So my first it's called Jumping off the Porch. And

1446
01:09:35,520 --> 01:09:38,759
Speaker 2: what that does is we don't even talk about stocks

1447
01:09:38,760 --> 01:09:42,080
Speaker 2: in there. I literally because one of the things is

1448
01:09:42,080 --> 01:09:44,840
Speaker 2: people want to just jump into the stock market. You

1449
01:09:44,880 --> 01:09:47,040
Speaker 2: can't jump into a fight if you don't have a strategy.

1450
01:09:47,320 --> 01:09:49,679
Speaker 2: You don't have a game plan. So what the jumping

1451
01:09:49,720 --> 01:09:52,920
Speaker 2: off the porch course is. We talk about finding your

1452
01:09:52,960 --> 01:09:55,760
Speaker 2: style of investing. So I map out three or four

1453
01:09:55,800 --> 01:09:59,519
Speaker 2: different styles of investing and you can figure out which

1454
01:09:59,560 --> 01:10:03,479
Speaker 2: one fits you. Then we go into why equity is

1455
01:10:03,520 --> 01:10:07,080
Speaker 2: better than cash, and then we go into three different

1456
01:10:07,080 --> 01:10:11,240
Speaker 2: strategies that are real simple on how you can put

1457
01:10:11,240 --> 01:10:14,599
Speaker 2: your portfolio together. So once you take that cause, now

1458
01:10:14,680 --> 01:10:17,320
Speaker 2: you have an understanding of Okay, now I know how

1459
01:10:17,320 --> 01:10:20,360
Speaker 2: to get in the game. You have a strategy. The

1460
01:10:20,400 --> 01:10:23,080
Speaker 2: next thing I have is called Welcome to the trap.

1461
01:10:23,200 --> 01:10:26,840
Speaker 2: That's the beginner's course. We just go with the basics,

1462
01:10:27,200 --> 01:10:29,120
Speaker 2: how to stock market works, how to set up your

1463
01:10:29,120 --> 01:10:32,479
Speaker 2: account in next funds, ETFs, things like that. We go

1464
01:10:32,479 --> 01:10:34,519
Speaker 2: into some other things and then there's Wall Street trapping,

1465
01:10:35,360 --> 01:10:39,080
Speaker 2: Wall Street trapping. We go through the basics and then

1466
01:10:39,120 --> 01:10:42,360
Speaker 2: we tap into like what to research, how to research

1467
01:10:42,360 --> 01:10:46,960
Speaker 2: a CEO, what activities are he doing that puts us

1468
01:10:46,960 --> 01:10:52,240
Speaker 2: on alert? How to follow big investors to see what

1469
01:10:52,280 --> 01:10:56,759
Speaker 2: they're doing so every so often. Every month, big investors

1470
01:10:56,800 --> 01:10:59,559
Speaker 2: like Warren Buffett, they have to report with their buying.

1471
01:11:01,160 --> 01:11:02,840
Speaker 2: So I teach them how to look at that that's

1472
01:11:02,840 --> 01:11:06,400
Speaker 2: a good gauge. I teach them what to research the

1473
01:11:06,439 --> 01:11:11,840
Speaker 2: fundamentals balance sheets, as income statements, cast flow statements, where

1474
01:11:11,960 --> 01:11:15,200
Speaker 2: ratios to use to find the actual valuation of a business.

1475
01:11:15,200 --> 01:11:17,360
Speaker 2: Like I walk you through the process. So when you

1476
01:11:17,439 --> 01:11:20,440
Speaker 2: finish that, you know, you felt like you met the plug.

1477
01:11:21,160 --> 01:11:25,240
Speaker 6: That was was like, let's talk about the plug because

1478
01:11:25,240 --> 01:11:27,720
Speaker 6: the plug package just something that's very unique that no

1479
01:11:27,760 --> 01:11:28,479
Speaker 6: one's really doing.

1480
01:11:28,720 --> 01:11:28,960
Speaker 4: Nah.

1481
01:11:29,080 --> 01:11:31,679
Speaker 3: So I looked at the game and I was just like, okay,

1482
01:11:31,720 --> 01:11:32,760
Speaker 3: like what are people doing?

1483
01:11:33,479 --> 01:11:33,679
Speaker 6: Right?

1484
01:11:33,960 --> 01:11:38,120
Speaker 2: And so with me, I know that people have bought

1485
01:11:38,160 --> 01:11:42,320
Speaker 2: into me, right they cool. I want to learn stocks,

1486
01:11:42,320 --> 01:11:45,879
Speaker 2: but I've bought into trapper Like so that's a connection

1487
01:11:46,000 --> 01:11:49,800
Speaker 2: right there. And because everybody learns different, even if you

1488
01:11:49,840 --> 01:11:53,200
Speaker 2: buy the course, you still might need somebody to walk

1489
01:11:53,240 --> 01:11:56,479
Speaker 2: you through the course because even though it's listen, we

1490
01:11:56,520 --> 01:11:59,880
Speaker 2: all learned different. Some people are visual and some people

1491
01:12:00,120 --> 01:12:02,040
Speaker 2: just need to like look, hold my hand and just

1492
01:12:02,080 --> 01:12:03,760
Speaker 2: do if you hold my hand and walk me through it,

1493
01:12:03,800 --> 01:12:05,640
Speaker 2: like yo, I'm gonna kill it. So I was like,

1494
01:12:05,680 --> 01:12:09,320
Speaker 2: all right, I'm gonna go to people like I'm gonna

1495
01:12:09,360 --> 01:12:10,599
Speaker 2: literally fly out to you.

1496
01:12:11,160 --> 01:12:12,720
Speaker 3: So that's what the meat the Plug is.

1497
01:12:12,880 --> 01:12:16,200
Speaker 2: It's literally you get the Wall Street trapping course and

1498
01:12:16,240 --> 01:12:19,920
Speaker 2: then I come to your city and I walk you

1499
01:12:20,040 --> 01:12:23,639
Speaker 2: through the course, and then I walk you through whatever

1500
01:12:24,640 --> 01:12:28,080
Speaker 2: questions you have about the course, about investing. If you

1501
01:12:28,120 --> 01:12:31,599
Speaker 2: already have an account, we're gonna audit the account. We're

1502
01:12:31,600 --> 01:12:33,280
Speaker 2: gonna make sure your ship is set up right.

1503
01:12:33,520 --> 01:12:35,880
Speaker 6: So if I live in Detroit, the plug is coming

1504
01:12:35,880 --> 01:12:36,640
Speaker 6: to Detroit.

1505
01:12:36,439 --> 01:12:37,080
Speaker 3: Coming to Detroit.

1506
01:12:37,160 --> 01:12:39,800
Speaker 2: Not the only thing about that is if you live

1507
01:12:39,840 --> 01:12:42,000
Speaker 2: in like the back was, I'm not coming to the

1508
01:12:42,080 --> 01:12:42,640
Speaker 2: back was.

1509
01:12:43,240 --> 01:12:43,800
Speaker 3: We're gonna go to.

1510
01:12:43,760 --> 01:12:46,040
Speaker 2: Where the airport is and we're gonna meet up at

1511
01:12:46,080 --> 01:12:54,000
Speaker 2: a we work, like, give me something wrong. But but

1512
01:12:54,040 --> 01:12:55,200
Speaker 2: that's what the meat the Plug is.

1513
01:12:55,280 --> 01:12:56,639
Speaker 3: It's actually me coming to.

1514
01:12:56,560 --> 01:13:00,200
Speaker 2: You and then I give you four phone calls right

1515
01:13:00,240 --> 01:13:02,840
Speaker 2: there to me after that. So we have this, we

1516
01:13:02,880 --> 01:13:06,320
Speaker 2: do lunch, my treat with the Meat the Plug. We

1517
01:13:06,360 --> 01:13:08,760
Speaker 2: walked through the court. It's a full day. We do

1518
01:13:08,920 --> 01:13:10,760
Speaker 2: like a few hours. Then we eat lunch. We go

1519
01:13:10,800 --> 01:13:13,840
Speaker 2: through it like you're going to because what happens is

1520
01:13:14,000 --> 01:13:15,840
Speaker 2: and I've learned this with a mastermind I just did

1521
01:13:15,840 --> 01:13:18,559
Speaker 2: with my big Brotherhood of States. Is once you start

1522
01:13:18,560 --> 01:13:22,000
Speaker 2: talking to people in person, you know, you never know where.

1523
01:13:21,800 --> 01:13:24,960
Speaker 3: That conversation goes. And so now when I.

1524
01:13:24,920 --> 01:13:28,240
Speaker 2: See you on the ground, you're like, oh, it's good trap,

1525
01:13:28,600 --> 01:13:31,840
Speaker 2: Oh it's good tim because we've made a connection. Now

1526
01:13:31,960 --> 01:13:33,559
Speaker 2: it's not just you bought the court. I mean you

1527
01:13:33,600 --> 01:13:36,320
Speaker 2: bought the course. I love the support, and I'm you know,

1528
01:13:36,360 --> 01:13:38,839
Speaker 2: I've rock with my travelers. But once we have that connection,

1529
01:13:38,920 --> 01:13:41,799
Speaker 2: it's like it's a relationship now because I literally.

1530
01:13:41,640 --> 01:13:43,840
Speaker 3: Flew out to talk to you. We talked, we ate lunch,

1531
01:13:43,880 --> 01:13:45,599
Speaker 3: and all kinds of stuff that happened at that point.

1532
01:13:46,000 --> 01:13:47,360
Speaker 4: So now it's powerful.

1533
01:13:47,439 --> 01:13:51,200
Speaker 5: Man, thank you, thank you for joining us. I'm glad

1534
01:13:51,240 --> 01:13:54,720
Speaker 5: that it's crazy because, like you said, you didn't reach

1535
01:13:54,720 --> 01:13:56,400
Speaker 5: out to me. I just heard shout out to my

1536
01:13:56,400 --> 01:13:57,880
Speaker 5: man Matt. I don't know who told me he was

1537
01:13:57,880 --> 01:13:59,240
Speaker 5: going to be in New York, right, I think Matt

1538
01:13:59,240 --> 01:14:00,760
Speaker 5: said he was going to be in New Hit you up.

1539
01:14:00,920 --> 01:14:03,240
Speaker 5: You're interested in coming in the podcast. People A lot

1540
01:14:03,240 --> 01:14:05,439
Speaker 5: of people ask like, what's the process to be on

1541
01:14:05,479 --> 01:14:09,360
Speaker 5: the podcast? Most of the time, it's my intuition. It's

1542
01:14:09,360 --> 01:14:12,800
Speaker 5: a genuine process, right and Troy, have I failed yet?

1543
01:14:13,360 --> 01:14:15,280
Speaker 6: Yo? Man? We are one hundred one hundred. They said,

1544
01:14:15,280 --> 01:14:17,240
Speaker 6: we like bad Boy in the nineties. Yo, y'all none

1545
01:14:17,280 --> 01:14:20,639
Speaker 6: but his none but his nothing.

1546
01:14:20,680 --> 01:14:23,800
Speaker 5: But I think this is definitely gonna be some some

1547
01:14:24,040 --> 01:14:25,439
Speaker 5: episode that's gonna live forever.

1548
01:14:25,680 --> 01:14:29,960
Speaker 6: Yeah, bro and shout out to Q he introduced stocks

1549
01:14:29,960 --> 01:14:33,200
Speaker 6: on our podcast episode fifteen. Checked that out. Yeah, I

1550
01:14:33,240 --> 01:14:35,960
Speaker 6: was thinking, and this is like, now, this is a

1551
01:14:36,000 --> 01:14:38,639
Speaker 6: full circle of the stock market for sure.

1552
01:14:38,600 --> 01:14:41,200
Speaker 3: Y'all got heavy hitters. Come on, y'all. I kind of

1553
01:14:41,240 --> 01:14:44,280
Speaker 3: was like, yo, yo, they got heavy hit and you

1554
01:14:44,320 --> 01:14:44,600
Speaker 3: made it.

1555
01:14:44,600 --> 01:14:47,560
Speaker 6: To the green room, right, So we're back in.

1556
01:14:47,720 --> 01:14:49,559
Speaker 3: We're back in the We're in a trap.

1557
01:14:51,360 --> 01:14:54,000
Speaker 4: I haven't been here for a while, but I appreciate it.

1558
01:14:54,080 --> 01:14:54,240
Speaker 3: Man.

1559
01:14:54,240 --> 01:14:58,439
Speaker 5: It's just the information was extremely valuable, but just the

1560
01:14:58,479 --> 01:15:02,640
Speaker 5: story too. I think it's extreme, inspirational, motivational, and I

1561
01:15:02,680 --> 01:15:06,479
Speaker 5: think that you know, it's it's it's bigger like they say,

1562
01:15:06,520 --> 01:15:08,559
Speaker 5: it's bigger than rap. You know, it's bigger than just

1563
01:15:08,600 --> 01:15:12,040
Speaker 5: business like, it's real people. I mean, everybody's got their

1564
01:15:12,080 --> 01:15:16,240
Speaker 5: own personal journey and to see people overcome adversity and

1565
01:15:16,280 --> 01:15:18,799
Speaker 5: to see people, you know, put their minds to something

1566
01:15:18,880 --> 01:15:20,760
Speaker 5: into you know. Like I said, it doesn't matter where

1567
01:15:20,760 --> 01:15:23,320
Speaker 5: you come from.

1568
01:15:23,439 --> 01:15:24,280
Speaker 4: The game is the game.

1569
01:15:24,400 --> 01:15:25,400
Speaker 3: The game is the game.

1570
01:15:25,880 --> 01:15:28,880
Speaker 2: It ain't going no well, it's not going well. So

1571
01:15:28,920 --> 01:15:30,559
Speaker 2: we just got to play it. Make sure you're playing

1572
01:15:30,600 --> 01:15:31,640
Speaker 2: the right one. We gotta play it.

1573
01:15:31,680 --> 01:15:32,280
Speaker 4: That's a fact.

1574
01:15:32,520 --> 01:15:34,880
Speaker 5: Learn the rules, play the game, man, that's a fact.

1575
01:15:35,280 --> 01:15:37,840
Speaker 5: So how can the people contact you? What's your social

1576
01:15:37,880 --> 01:15:39,000
Speaker 5: media handles and all that?

1577
01:15:39,760 --> 01:15:44,360
Speaker 2: So I'm mostly on Instagram, will Underschool Street Underscore Trapper

1578
01:15:44,640 --> 01:15:48,240
Speaker 2: that's on i g YouTube is just Wall Street Trapper.

1579
01:15:48,880 --> 01:15:53,719
Speaker 2: I got the university www dot trapper university dot com.

1580
01:15:53,800 --> 01:15:57,519
Speaker 2: Check that out. And I got a podcast while Underschool

1581
01:15:57,560 --> 01:15:58,920
Speaker 2: Street Undercore Trapper.

1582
01:15:58,640 --> 01:15:59,479
Speaker 3: On Google Play.

1583
01:15:59,560 --> 01:16:00,599
Speaker 4: I listened to come episodes.

1584
01:16:01,320 --> 01:16:03,439
Speaker 3: I've been lagging, bro, but I got to get back

1585
01:16:03,479 --> 01:16:05,479
Speaker 3: on it. So I locked in. Man, Yeah, I gotta

1586
01:16:05,479 --> 01:16:06,200
Speaker 3: get back on.

1587
01:16:06,360 --> 01:16:10,160
Speaker 2: Because that was me and my Rowst phone, Like I

1588
01:16:10,200 --> 01:16:13,320
Speaker 2: get to just talk my talk without no you know,

1589
01:16:13,400 --> 01:16:14,320
Speaker 2: nothing going on.

1590
01:16:14,600 --> 01:16:15,639
Speaker 3: Like I would get up in the morning.

1591
01:16:15,640 --> 01:16:16,920
Speaker 2: That would be in the morning for me because that's

1592
01:16:16,920 --> 01:16:19,640
Speaker 2: when I'm freshest, Like I done slept my mind and

1593
01:16:19,720 --> 01:16:21,439
Speaker 2: marinate it, you know. I don't eat no meat, so

1594
01:16:21,439 --> 01:16:25,320
Speaker 2: I'll be feeling good. Feeling good, you hear me. So

1595
01:16:25,720 --> 01:16:28,320
Speaker 2: I got to get back on my podcasts, but they

1596
01:16:28,400 --> 01:16:31,479
Speaker 2: definitely can check them out definitely, and that's on Anchor

1597
01:16:31,560 --> 01:16:33,320
Speaker 2: and Google Play and Spotify.

1598
01:16:33,400 --> 01:16:36,599
Speaker 4: So check me out on that wall trapped Troy housekeeping them.

1599
01:16:36,640 --> 01:16:36,800
Speaker 3: Yeah.

1600
01:16:36,840 --> 01:16:38,479
Speaker 6: Yeah, shout out to everybody on the patreoon. We got

1601
01:16:38,520 --> 01:16:41,280
Speaker 6: a long list, man, I'm gonna go down to shout

1602
01:16:41,280 --> 01:16:48,519
Speaker 6: out to Morgan, Melissa Mario, Elise, Tanika Ramel, Calvin, Brandon

1603
01:16:48,680 --> 01:16:51,560
Speaker 6: J and Brandon M. We actually got a combo with

1604
01:16:51,640 --> 01:16:54,439
Speaker 6: him the other day. He's doing amazing things and hopefully

1605
01:16:54,479 --> 01:16:56,720
Speaker 6: we'll be able to do something together. These are the

1606
01:16:56,760 --> 01:16:58,719
Speaker 6: new members. Bro, and shout out to my man, Brian

1607
01:16:58,760 --> 01:17:02,559
Speaker 6: Forbes man for That's that's a hometown dude. He actually

1608
01:17:02,720 --> 01:17:06,720
Speaker 6: when we did the episode about trucking with Alex, he

1609
01:17:06,800 --> 01:17:08,760
Speaker 6: had just bought a truck, so I was like, Bro,

1610
01:17:08,800 --> 01:17:10,920
Speaker 6: you got ahead this episode and then we've been linked

1611
01:17:11,040 --> 01:17:13,439
Speaker 6: up since, so shout out to him. He actually joined

1612
01:17:13,439 --> 01:17:15,799
Speaker 6: Patreon just to show some support, like we grew up together,

1613
01:17:15,840 --> 01:17:17,519
Speaker 6: but he just wanted to show some love. So shout

1614
01:17:17,600 --> 01:17:20,360
Speaker 6: to everybody that's on Patreon. Dot com all our patrons,

1615
01:17:20,840 --> 01:17:22,840
Speaker 6: as you noticed, five tiers. You can join any tear

1616
01:17:22,920 --> 01:17:26,120
Speaker 6: you like and continue to support it. It allows us

1617
01:17:26,120 --> 01:17:29,439
Speaker 6: to do things like travel and get people on that

1618
01:17:30,000 --> 01:17:33,040
Speaker 6: people have been asking for and so shout everybody's is

1619
01:17:33,080 --> 01:17:35,439
Speaker 6: doing that and everybody that's been personaling the merch on

1620
01:17:35,479 --> 01:17:38,320
Speaker 6: earnier Leisure dot com. You know our shirts up there.

1621
01:17:38,320 --> 01:17:40,800
Speaker 6: It's getting little chilli out in New York. So the

1622
01:17:40,800 --> 01:17:47,320
Speaker 6: Hoodie Sea seasons back. Yeah, Hoodie season his back. So

1623
01:17:47,320 --> 01:17:49,600
Speaker 6: that will be up there in a few varieties. And

1624
01:17:49,800 --> 01:17:54,320
Speaker 6: our tour shirts are there too. So we got uh La,

1625
01:17:54,560 --> 01:18:00,880
Speaker 6: we got Brooklyn, we got Houston, Atlanta, Chicago, and Philly, Philly, Philly.

1626
01:18:01,000 --> 01:18:04,920
Speaker 6: Y'all ain't never be You gotta pop up one.

1627
01:18:05,920 --> 01:18:09,960
Speaker 3: I was that the one Yeah, you know came.

1628
01:18:10,560 --> 01:18:19,280
Speaker 6: It's crazy. Houston was lost. We're coming back.

1629
01:18:20,400 --> 01:18:21,240
Speaker 3: We all going to Philly.

1630
01:18:21,280 --> 01:18:23,200
Speaker 2: I definitely want to come probably we don't have a

1631
01:18:23,280 --> 01:18:25,920
Speaker 2: date yet, but soon, yeah, definitely let me.

1632
01:18:26,000 --> 01:18:27,559
Speaker 4: And we got in d C.

1633
01:18:27,920 --> 01:18:31,360
Speaker 6: We got something coming for d C that we are

1634
01:18:31,400 --> 01:18:33,840
Speaker 6: excited to. Hopefully we're gonna tell you about that and

1635
01:18:33,880 --> 01:18:35,599
Speaker 6: in their future. But DC is going to be special.

1636
01:18:35,720 --> 01:18:37,800
Speaker 3: Yeah, this is a beautiful city.

1637
01:18:38,080 --> 01:18:38,880
Speaker 4: Sure, for sure.

1638
01:18:38,960 --> 01:18:41,760
Speaker 5: So yeah, so the book tip of the week, it's

1639
01:18:41,880 --> 01:18:44,839
Speaker 5: none other than our guests. He has three e books

1640
01:18:45,600 --> 01:18:47,840
Speaker 5: Wall Street trap for one on one, one O two,

1641
01:18:48,040 --> 01:18:52,800
Speaker 5: and one O three. You did one away, so make

1642
01:18:52,840 --> 01:18:55,360
Speaker 5: sure you make sure you got those. Where can I

1643
01:18:55,400 --> 01:18:56,280
Speaker 5: get those from?

1644
01:18:56,320 --> 01:18:59,240
Speaker 2: On my website Wall Street Trapping dot com. But linking,

1645
01:18:59,240 --> 01:19:00,720
Speaker 2: my boy, you'll cliche.

1646
01:19:02,080 --> 01:19:02,679
Speaker 4: That's a fact.

1647
01:19:02,680 --> 01:19:06,720
Speaker 5: And then also speaking of links in the bio, So everybody, well,

1648
01:19:06,720 --> 01:19:09,160
Speaker 5: if you didn't know, I'm a financial advisors. So if

1649
01:19:09,160 --> 01:19:11,200
Speaker 5: you want a thirty minute free consultation, you can go

1650
01:19:11,200 --> 01:19:13,240
Speaker 5: to early lead dot com. My calendar is up there.

1651
01:19:14,240 --> 01:19:19,360
Speaker 5: It has three areas specifically retirement, investments, and insurance. If

1652
01:19:19,400 --> 01:19:22,040
Speaker 5: it's not related to that, don't put.

1653
01:19:22,720 --> 01:19:24,720
Speaker 6: I can't pick your brain, DA can't.

1654
01:19:24,800 --> 01:19:28,240
Speaker 5: I can't help you with offshore banking facts. I can't

1655
01:19:28,240 --> 01:19:30,160
Speaker 5: help you flip a home, none of that stuff. We

1656
01:19:30,200 --> 01:19:32,760
Speaker 5: have guests that bring on the podcast that can help

1657
01:19:32,760 --> 01:19:33,960
Speaker 5: you with those different areas.

1658
01:19:33,960 --> 01:19:36,800
Speaker 2: I'll do something bro right here, So anybody that you

1659
01:19:37,400 --> 01:19:40,040
Speaker 2: booked something with you, I'll do another thirty minute one

1660
01:19:40,080 --> 01:19:40,799
Speaker 2: for free myself.

1661
01:19:40,880 --> 01:19:42,240
Speaker 4: Then you have it.

1662
01:19:42,479 --> 01:19:44,320
Speaker 2: They'll do that, all right, So you let me know

1663
01:19:44,320 --> 01:19:46,160
Speaker 2: who it is. You tell them get in touch with me.

1664
01:19:46,160 --> 01:19:47,759
Speaker 2: I'll do a thirty minute with it myself.

1665
01:19:47,800 --> 01:19:50,160
Speaker 3: All right, how that sounds. I got you this supply

1666
01:19:50,200 --> 01:19:50,840
Speaker 3: the streets man.

1667
01:19:53,400 --> 01:19:55,240
Speaker 4: All right, guys, we'll see you next week. Thank you

1668
01:19:55,280 --> 01:19:56,280
Speaker 4: for rocking with us. Peace.

1669
01:19:58,479 --> 01:20:01,280
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