WEBVTT - EYL #44 Wall Street Trapper

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<v Speaker 1>Coach, the energy out there felt different. What changed for

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<v Speaker 1>the team today?

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<v Speaker 2>It was the new game day scratches from the California

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<v Speaker 2>Lottery players everything.

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<v Speaker 3>Those games sent the team's energy through the roof.

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<v Speaker 1>Are you saying it was the off field play that

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<v Speaker 1>made the difference on the field.

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<v Speaker 3>Hey, little play makes your day, and today it made

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

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<v Speaker 1>Play the new Los Angeles Chargers, San Francisco forty nine

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<v Speaker 1>Ers and Los Angeles Rams scratchers from the California Lottery.

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<v Speaker 1>A little play can make your day. Peace made responsibil

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<v Speaker 1>must be eighteen years or older to purchase late or claim.

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<v Speaker 4>All right, guys, welcome back.

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<v Speaker 5>We got a very special edition today man Alsia Podcast,

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<v Speaker 5>So shout out to New Orleans Day and no sure

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<v Speaker 5>for sure, I'm looking for me and yeah.

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<v Speaker 4>Boys, yeah.

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<v Speaker 5>One of the best things about the podcast is that

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<v Speaker 5>we get to travel, and we even put out traveling.

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<v Speaker 5>We get to meet people from all different parts of

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<v Speaker 5>the world right in, different coaches and different dialects and

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<v Speaker 5>just different coaches. Is just it's really dope. So yeah,

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<v Speaker 5>we we we got my gy wall Street travel here today.

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<v Speaker 5>He's going to tell his story. He going to educate

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<v Speaker 5>us on the stock market, all kinds of stuff. But

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<v Speaker 5>once again, I wanted to give a shout out to

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<v Speaker 5>New Orleans because I always say, like New Orleans they

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<v Speaker 5>got every Every place in America has different accents, right,

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<v Speaker 5>depending on where you're at, but some places just you

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<v Speaker 5>can't miss, like right Baltimore and in New Orleans, they

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<v Speaker 5>got their own, especially New Orleans.

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

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<v Speaker 4>what what does that mean?

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

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<v Speaker 3>don't even use that.

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<v Speaker 6>When we heard you talking. I heard son, I heard

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<v Speaker 6>you kept saying, sound like I got a little New

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<v Speaker 6>York and them.

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<v Speaker 2>But you know I came out hand well, I was

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<v Speaker 2>in Delaware. I got some trouble.

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<v Speaker 5>So yeah, so yeah, So this is this is an

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<v Speaker 5>exciting episode because we covered stocks before, but we're more

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<v Speaker 5>more on a surface level, like it's like one on

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<v Speaker 5>one education. So I think this would be a little

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<v Speaker 5>bit more of advanced conversation. And the guests they have

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<v Speaker 5>different backgrounds. Everybody's everybody's past is different, and that's one

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<v Speaker 5>of the things that we really like to highlight with

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<v Speaker 5>the Legion podcast too, is that it's so crazy because

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<v Speaker 5>we have people that graduated from Harvard, We got people that.

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<v Speaker 4>Come off the street corner right school.

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<v Speaker 5>The beauty of it is that education can't be measured

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<v Speaker 5>in just one particular way.

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<v Speaker 6>It's limitless.

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<v Speaker 4>There's no walls to.

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<v Speaker 5>It, exactly exactly. Some of Man Wall Street travel is

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<v Speaker 5>a perfect example of this. So I give the people

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<v Speaker 5>a background. So you you learned about the stock market

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<v Speaker 5>while you was incarcerated, right, and then you came out

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<v Speaker 5>and you was telling me that you was actually working

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<v Speaker 5>as not a foreman is it an iron iron iron

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<v Speaker 5>iron worker at the time you was like saving like

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<v Speaker 5>seventy percent of your income and he was invested in

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<v Speaker 5>the stock market. And from there you just you know,

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<v Speaker 5>developed a system that you put in place and you

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<v Speaker 5>were able to quit your job and now you you

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<v Speaker 5>you're a full time investor as well as you have

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<v Speaker 5>an educational platform. It's while to teach people to invest.

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<v Speaker 5>So it's an inspirational story for sure. Sure, So yeah,

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<v Speaker 5>can we we talked about that. So how did you

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<v Speaker 5>all right, how did you get involved in the stock

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<v Speaker 5>market and how did you learn about stocks?

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<v Speaker 2>So I was in prison for like ten years, right,

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<v Speaker 2>I did ten years for a ten murder or river right,

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<v Speaker 2>that's sixteen.

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<v Speaker 3>Yeah, I was sixteen. Yeah, I went that was sixteen,

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<v Speaker 3>charged me as an adult.

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<v Speaker 2>So I got in a fight with these three dudes

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

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<v Speaker 2>they ran a train on me. So that's when you

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<v Speaker 2>fight three. That's when you fight people back to back

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

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<v Speaker 2>but I fought time. Had nothing in me to the

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<v Speaker 2>storage come right, So I was busted up, but they

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<v Speaker 2>were bust up, right. So I go to the hole,

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<v Speaker 2>which is solitary confinement, and I'm in a hole with

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<v Speaker 2>this white guy, right, And I guess it just was

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<v Speaker 2>like on his brain because he just saw so many

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<v Speaker 2>black people there.

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<v Speaker 3>Like real talk.

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<v Speaker 2>He must have was just bothering him. And he's like

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<v Speaker 2>when I come to sell it, I'm like furious. I'm like, mama,

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<v Speaker 2>you know, like I'm just I mean, I'm still in

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<v Speaker 2>that moment, and he like, hey, bro, uh.

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<v Speaker 3>He was like y'all, y'all are playing the wrong game.

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

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<v Speaker 3>no game?

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<v Speaker 2>Man?

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<v Speaker 3>You see what we got going on here? But he

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<v Speaker 3>was like, I don't mean no disrespect by it.

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

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

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<v Speaker 2>But I calmed down, you know, and he was like

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<v Speaker 2>I indulged in that conversation with him. I was like, so,

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<v Speaker 2>so what do you mean? And so he just told me,

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<v Speaker 2>he was like, you in here for you know, shooting somebody.

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<v Speaker 3>The average person.

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<v Speaker 2>Who's in here is on some drugs or shooting somebody

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

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

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<v Speaker 2>So you can tell what kind of charge somebody on

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<v Speaker 2>body risk band. So if it's if you're a if

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<v Speaker 2>you're on a capitol of fence or a violent crime

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<v Speaker 2>like I was on, you'll have a red band.

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<v Speaker 3>That's a murder of tim murder, carjack and kidnapping.

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

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<v Speaker 2>If you have a misdemeanor charge, it's a yellow band.

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<v Speaker 2>And if you're a federal offense, it'll be a white

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<v Speaker 2>and red band.

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<v Speaker 3>In New Orleans, so he had a white and red band.

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

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<v Speaker 6>That?

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<v Speaker 2>So he was enough for embezzling some money from his

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<v Speaker 2>business two point eight million dollars.

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<v Speaker 6>Those are the white collar crime you did.

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<v Speaker 2>So he kept eight hundred thousand. No, he paid restitution

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<v Speaker 2>to eight hundred thousand and kept two million.

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<v Speaker 3>So I'm thinking he lies.

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<v Speaker 2>I'm like, well, one thing about prison is if I

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<v Speaker 2>see your paperwork, it'll tell me.

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<v Speaker 3>What you're in here for.

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<v Speaker 2>So he showed me a paperwork and I was like, oh,

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<v Speaker 2>like that got my attention. And so he just told

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<v Speaker 2>me three things that wealthy people do is they stop

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<v Speaker 2>trading time for money. They give value to people, and

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<v Speaker 2>they let their money work for them. And the best

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<v Speaker 2>ways for you to make money is through the stock market,

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<v Speaker 2>through real estate.

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<v Speaker 3>And through a business. And that's me paraphrasing it.

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<v Speaker 2>And because he taught me the stock market first, that's

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<v Speaker 2>what I went with.

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<v Speaker 3>And so through the remainder.

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<v Speaker 2>Of my prison sentence, I just educated myself about it

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<v Speaker 2>because I don't know how.

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<v Speaker 3>This is gonna sound, but I just saw a whole

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<v Speaker 3>bunch of white people.

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<v Speaker 2>On TV talking about millions of dollars all the time,

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<v Speaker 2>foreign language.

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<v Speaker 3>Yeah, like I was like, yo, what is this family?

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<v Speaker 2>And so in prison, it's crazy because a bunch of

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<v Speaker 2>grown men love to watch like the young and the wrestlers.

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<v Speaker 2>Br right, it's just crazy, like God in light and

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<v Speaker 2>stuff like this. But they he loved to watch that.

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<v Speaker 3>So instead of making that a fight, I would get

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<v Speaker 3>up before.

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<v Speaker 2>Them and watch the stock market early at like eight

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<v Speaker 2>o'clock in the morning.

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<v Speaker 3>Yeah.

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<v Speaker 2>I would watch and be seeing like early in the morning,

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<v Speaker 2>and I would be like, I just used to watch.

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<v Speaker 3>It was painful because I didn't understand it.

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<v Speaker 6>A lot of umber.

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<v Speaker 3>Yeah, I was like, what is this?

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<v Speaker 6>A lot of colors had.

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<v Speaker 2>Another dude was from Connecticut and he used to get

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<v Speaker 2>the USA Today, and so he used to let me

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<v Speaker 2>look at his USA Today and I would use that

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<v Speaker 2>and look at the stock market back and forth. That's

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<v Speaker 2>how I got the language started making sense to me

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<v Speaker 2>because whether than reading the interviews, I got to read

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<v Speaker 2>the actual business.

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<v Speaker 3>Section of the USA Today.

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<v Speaker 2>I got to actually see, you know, without trying to

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<v Speaker 2>record it in my brain.

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<v Speaker 3>I would see it in the newspaper.

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<v Speaker 2>And so once it became like regular, I started reading

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<v Speaker 2>rich Dad, Poor Dad, which I got introduced to by.

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<v Speaker 3>My home and he was doing a twenty years for manslaughter.

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<v Speaker 2>So once I got into rich that poor dad, it

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<v Speaker 2>was a mindset shift more than an investment book.

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<v Speaker 3>And so the two aligned.

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<v Speaker 2>Because I understood at that point, this is how we

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<v Speaker 2>play the wrong game.

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<v Speaker 3>Everybody I know, I know how to sell a dope.

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

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<v Speaker 3>Even with my moms.

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<v Speaker 2>You know, I saw my moms get shot, you know,

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<v Speaker 2>when I was young, When I was about nine, I

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<v Speaker 2>saw my moms get shot. And then like right the

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<v Speaker 2>next year, I saw my cousin get shot in the chest.

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<v Speaker 2>So everybody I knew was in the same circle. And

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<v Speaker 2>here are these people talking about stocks, ownership millions, billions,

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<v Speaker 2>and that just blew my brain. So I just stayed

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<v Speaker 2>with it and I got it, understood it. So that

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<v Speaker 2>was me just getting into the stock market right there.

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<v Speaker 5>And then I guess you from there, you just consumed

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<v Speaker 5>as much information as you could.

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<v Speaker 2>Well, in prison, you know you can. You got time,

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<v Speaker 2>Well you got times. You don't got time because you

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

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<v Speaker 2>But I still gotta work every day, you know. So

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<v Speaker 2>I worked in New Orleans is not to cut you

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<v Speaker 2>off with.

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<v Speaker 5>In New Orleans, you you actually work right like like

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<v Speaker 5>I don't want to say chain gang, but like.

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<v Speaker 4>You work outside.

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<v Speaker 3>Yeah.

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<v Speaker 2>So I got transferred to prison. I went there for

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<v Speaker 2>a little while to help them with some sandbags. That's

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<v Speaker 2>the penitentiary. Yeah, that's the penitential. Yeah, that's the penitentiary.

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<v Speaker 2>But I was in. I was in two spots, one

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<v Speaker 2>called DCI, not dc I Felps Correctional Center. And then

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<v Speaker 2>they transferred me for smoking weed. So they made me

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<v Speaker 2>a high security risk. And so when I went to

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<v Speaker 2>a maximum security prison, that's when I got in a

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<v Speaker 2>chain and when they got to work and cell block.

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<v Speaker 4>So they got a real chain game.

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<v Speaker 2>Still yeah, yeah, they probably don't have it no more.

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

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<v Speaker 2>what you're doing. You I cut trees down for about

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<v Speaker 2>one hundred and ninety days. How about you got paid,

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<v Speaker 2>uh a cent? Yeah, no, it's in an hour, in

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

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<v Speaker 2>get no paid. You don't get no paid. That's punishment.

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<v Speaker 2>That's like, that's the jail within the jail, and.

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<v Speaker 5>That's something that this is a little off topic. But

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<v Speaker 5>it's really not because it all comes down to finances.

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<v Speaker 5>But that's something that a lot of times people don't

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<v Speaker 5>fully understand, like when they make these documentaries the thirteenth

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<v Speaker 5>Year when they talk about like free label and stuff

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<v Speaker 5>like that. There it's a billion dollar industry as far

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

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<v Speaker 3>That's what that's that's the newer, that's the yo. Check

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<v Speaker 3>this out.

0:10:36.640 --> 0:10:41.160
<v Speaker 2>Just imagine just imagines driving on the highway and you

0:10:41.240 --> 0:10:48.920
<v Speaker 2>see acres of land. Now you see machines doing that.

0:10:49.520 --> 0:10:55.160
<v Speaker 2>So just imagine I'm the machine. So every day, three

0:10:55.200 --> 0:10:56.920
<v Speaker 2>of us, it's take four of us to cut a

0:10:56.960 --> 0:10:59.360
<v Speaker 2>tree down because three two of us gonna chop it

0:10:59.400 --> 0:11:02.200
<v Speaker 2>down and two of is gonna de root it, you

0:11:02.240 --> 0:11:04.400
<v Speaker 2>know what I'm saying, Like it may take us a

0:11:04.480 --> 0:11:05.120
<v Speaker 2>week to do that.

0:11:05.200 --> 0:11:06.280
<v Speaker 3>But just imagine they.

0:11:06.200 --> 0:11:08.880
<v Speaker 2>Got a hundred of us out there, two hundred of us,

0:11:09.520 --> 0:11:12.040
<v Speaker 2>like in the year's time, we're gonna run through that bitch,

0:11:13.200 --> 0:11:15.480
<v Speaker 2>you know what I'm saying. And then they're just going, Okay, well,

0:11:15.520 --> 0:11:18.080
<v Speaker 2>since we got eighteen million acres of land, let's just

0:11:18.080 --> 0:11:20.720
<v Speaker 2>go to the next passion. Okay, we don't got no

0:11:20.760 --> 0:11:24.920
<v Speaker 2>more trees right now. Okay, Well, y'all gonna plant mustard greens.

0:11:25.480 --> 0:11:28.640
<v Speaker 2>You're gonna pick daisies, whatever we got, y'all. You know

0:11:28.679 --> 0:11:33.400
<v Speaker 2>what I'm saying. Whatever, y'all gonna do it, You know

0:11:33.440 --> 0:11:36.880
<v Speaker 2>what I'm saying. So that that in itself, you gotta

0:11:36.920 --> 0:11:37.240
<v Speaker 2>do that.

0:11:38.160 --> 0:11:40.360
<v Speaker 6>One of the things about learning is that becomes very

0:11:40.400 --> 0:11:43.120
<v Speaker 6>exciting and you can feel it in yourself when you

0:11:43.120 --> 0:11:46.240
<v Speaker 6>grab something. So I'm just envisioned as you're learning about

0:11:46.280 --> 0:11:49.760
<v Speaker 6>stops right. Yeah, get in the environment where it's like

0:11:50.480 --> 0:11:52.560
<v Speaker 6>this dude's really trying to learn, and are you trying

0:11:52.559 --> 0:11:54.679
<v Speaker 6>to teach at that point? Right? Like how do you

0:11:54.760 --> 0:11:57.720
<v Speaker 6>share like all this wealth of knowledge? Are people like

0:11:58.440 --> 0:11:59.960
<v Speaker 6>I ain't trying to hear that right now? Right?

0:12:00.400 --> 0:12:03.240
<v Speaker 2>So, the thing about prison is so dope, bro, Like

0:12:03.280 --> 0:12:06.160
<v Speaker 2>it's because some of the smartest people you'll ever meet.

0:12:06.200 --> 0:12:09.359
<v Speaker 3>As though, like I'm talking, I say smart.

0:12:09.080 --> 0:12:12.120
<v Speaker 2>Like I got all my A lot of my tattoos

0:12:12.120 --> 0:12:15.720
<v Speaker 2>are done in prison, but they're done with an actual

0:12:16.080 --> 0:12:20.959
<v Speaker 2>like done like a real tattoo gun that they made.

0:12:21.480 --> 0:12:25.920
<v Speaker 2>So your mind, the mindset of people in prison, are

0:12:26.000 --> 0:12:29.320
<v Speaker 2>they with it? You just got to present it to them.

0:12:29.679 --> 0:12:33.480
<v Speaker 2>So for me, I wasn't in the teaching phase yet.

0:12:33.600 --> 0:12:36.640
<v Speaker 3>I was learned. I was a sponge for it.

0:12:36.720 --> 0:12:40.640
<v Speaker 2>But because everybody, like everybody is reading something, like you

0:12:40.679 --> 0:12:44.360
<v Speaker 2>got dudes reading on metaphysics, you got dudes reading on Islam,

0:12:44.400 --> 0:12:48.760
<v Speaker 2>you got dudes reading on Christianity, you got dudes reading on.

0:12:47.920 --> 0:12:48.679
<v Speaker 3>Five percent Nation.

0:12:48.880 --> 0:12:51.400
<v Speaker 2>Like everybody trying to tap into something, you know what

0:12:51.440 --> 0:12:54.199
<v Speaker 2>I'm saying. So for me, I was tapping it. Not

0:12:54.840 --> 0:12:56.720
<v Speaker 2>real estate is something a lot of dudes in prison

0:12:56.760 --> 0:13:00.079
<v Speaker 2>tap into a lot of dudes into prison tapping a

0:13:00.120 --> 0:13:03.520
<v Speaker 2>real estate because it's what you see and rich Dad,

0:13:03.559 --> 0:13:07.440
<v Speaker 2>Poor Dad is like it runs through prison, like his

0:13:07.679 --> 0:13:10.080
<v Speaker 2>run through prison. So for me, when I was reading

0:13:10.080 --> 0:13:12.760
<v Speaker 2>stocks it was like way different. I was like by

0:13:12.800 --> 0:13:15.439
<v Speaker 2>myself and it was like what you're reading free, Like, man,

0:13:15.440 --> 0:13:17.760
<v Speaker 2>I'm reading the stock Mark, but it's just serious right here.

0:13:17.800 --> 0:13:19.560
<v Speaker 3>And I would but I would actually get the paper

0:13:19.600 --> 0:13:20.080
<v Speaker 3>and read it.

0:13:20.120 --> 0:13:23.000
<v Speaker 2>So I didn't really get into the teaching aspect of

0:13:23.040 --> 0:13:23.960
<v Speaker 2>it until I came home.

0:13:24.840 --> 0:13:26.199
<v Speaker 3>Like once I came home.

0:13:27.280 --> 0:13:30.880
<v Speaker 2>They were recepted to it because again not saying like

0:13:30.920 --> 0:13:33.319
<v Speaker 2>I was just John Gotti or something in the streets.

0:13:33.400 --> 0:13:35.160
<v Speaker 3>I was just a regular dude in the hood. Just

0:13:35.240 --> 0:13:35.760
<v Speaker 3>getting it out.

0:13:35.960 --> 0:13:37.400
<v Speaker 2>Everybody else get it out the hood, you know what

0:13:37.440 --> 0:13:42.280
<v Speaker 2>I'm saying. So, but my perspective was different, So we

0:13:42.400 --> 0:13:45.800
<v Speaker 2>learned from who we can relate to and who can

0:13:46.160 --> 0:13:48.240
<v Speaker 2>break the message down the best.

0:13:48.600 --> 0:13:53.320
<v Speaker 3>So for me, it was simple, bruh. We like to

0:13:53.360 --> 0:13:54.720
<v Speaker 3>wear design to clothes.

0:13:56.400 --> 0:14:02.120
<v Speaker 2>I love Louis Baton, I love Gucci, I love I

0:14:02.160 --> 0:14:06.360
<v Speaker 2>love Findy, like love Findy, and all my homies drank him.

0:14:07.720 --> 0:14:10.199
<v Speaker 2>They're all owned well, most of them are owned by

0:14:10.200 --> 0:14:15.520
<v Speaker 2>a business called LVMH, which the guy is like in

0:14:15.640 --> 0:14:19.480
<v Speaker 2>the top three richest people in the world. So if

0:14:19.520 --> 0:14:24.120
<v Speaker 2>Louis Baton, mot Hennessy on why a cell and they're

0:14:24.160 --> 0:14:27.880
<v Speaker 2>on Louis Vaton and they on Hennessy and they're on

0:14:28.240 --> 0:14:30.520
<v Speaker 2>Mowet and this is what we're buying in the club.

0:14:31.040 --> 0:14:34.360
<v Speaker 3>It feel different when you own it.

0:14:34.440 --> 0:14:36.920
<v Speaker 2>So I a still tell my partners, if we're gonna

0:14:36.920 --> 0:14:40.440
<v Speaker 2>go to the club, why not just own it? And

0:14:40.440 --> 0:14:44.440
<v Speaker 2>now we're flexing different, we're stunning different because now we

0:14:44.520 --> 0:14:47.480
<v Speaker 2>own Hennessy. So everybody you pop is your own business.

0:14:48.520 --> 0:14:51.960
<v Speaker 2>That was intriguing to you know, like damns like.

0:14:52.040 --> 0:14:54.240
<v Speaker 3>Real got them, now you got me.

0:14:54.360 --> 0:14:59.160
<v Speaker 2>And then it was with Thams like this company VFC,

0:15:00.440 --> 0:15:04.840
<v Speaker 2>like they own Dickies, they own Timberland, they own Vans.

0:15:05.040 --> 0:15:06.600
<v Speaker 2>So I would tell my homies like, Bro, we were

0:15:06.600 --> 0:15:09.320
<v Speaker 2>a teams every day. We were at Dickies every day. Bro,

0:15:09.480 --> 0:15:12.160
<v Speaker 2>let's own it. And they were like on my own.

0:15:12.160 --> 0:15:13.920
<v Speaker 2>I'm like, yo, Like, if you buy a stock in

0:15:13.960 --> 0:15:16.160
<v Speaker 2>the business, you are literally a shareholder.

0:15:16.760 --> 0:15:18.720
<v Speaker 3>You got a piece of the pie.

0:15:18.760 --> 0:15:22.840
<v Speaker 2>Bro. So they bought into it. And so once they

0:15:22.880 --> 0:15:24.360
<v Speaker 2>bought into that, the next thing.

0:15:24.440 --> 0:15:29.640
<v Speaker 3>Was, Yo, check this out. If you go to prison.

0:15:31.480 --> 0:15:35.440
<v Speaker 2>And you come home, you don't have no money. So

0:15:35.480 --> 0:15:39.240
<v Speaker 2>now you're scrambling again. You're taking the chances again. But

0:15:39.240 --> 0:15:42.160
<v Speaker 2>what if everything we hustled for we put a portion

0:15:42.280 --> 0:15:43.600
<v Speaker 2>of it in the stock market.

0:15:43.640 --> 0:15:46.520
<v Speaker 6>Because that was the initial purpose, right, let me help

0:15:46.680 --> 0:15:49.080
<v Speaker 6>let me money clean the money, clean the money.

0:15:49.080 --> 0:15:50.960
<v Speaker 3>Because we always looking for a way to clean money.

0:15:51.280 --> 0:15:54.000
<v Speaker 2>And they're looking for us to have a laundromat, or

0:15:54.040 --> 0:15:55.840
<v Speaker 2>they're looking for us to have a call wash or

0:15:55.840 --> 0:15:59.160
<v Speaker 2>a barber shop. They're not playing us to be small enough.

0:15:59.160 --> 0:16:00.680
<v Speaker 2>And I probably be explosed. Was in the game right

0:16:00.720 --> 0:16:06.520
<v Speaker 2>now you feel me like, yeah, I said, But for.

0:16:06.560 --> 0:16:10.000
<v Speaker 3>Me, it was if they don't think we're that smart.

0:16:10.120 --> 0:16:14.760
<v Speaker 2>We have the advantage, right, they're not expecting it even

0:16:14.800 --> 0:16:19.400
<v Speaker 2>when they great great situation when they when they kicked

0:16:19.400 --> 0:16:21.480
<v Speaker 2>my door in a twenty ten, my door got kicked in.

0:16:22.400 --> 0:16:23.680
<v Speaker 3>They ramshacked my house.

0:16:24.200 --> 0:16:26.280
<v Speaker 2>They even took my escalator, but they couldn't take it

0:16:26.320 --> 0:16:30.280
<v Speaker 2>because I still was paying a note on it. They

0:16:30.320 --> 0:16:32.760
<v Speaker 2>looked at all my bank accounts, but they never looked

0:16:32.760 --> 0:16:33.760
<v Speaker 2>at what I had invested.

0:16:34.600 --> 0:16:37.440
<v Speaker 3>That was never even an option. I thought it wasn't

0:16:37.440 --> 0:16:40.200
<v Speaker 3>even he not that smart. You feel what I'm saying.

0:16:40.280 --> 0:16:42.080
<v Speaker 2>So the initial goals to me, bro, this's how we

0:16:42.120 --> 0:16:45.080
<v Speaker 2>clean money. This is how we can you know, get

0:16:45.120 --> 0:16:50.960
<v Speaker 2>advantage in the game. That part resonated and also it

0:16:51.080 --> 0:16:52.960
<v Speaker 2>was like, okay, let's say we got because we run it.

0:16:53.040 --> 0:16:54.840
<v Speaker 2>Nobody runs through more money than the dough ball and

0:16:54.880 --> 0:16:55.440
<v Speaker 2>a strip of yo.

0:16:56.320 --> 0:16:59.280
<v Speaker 3>Nobody. Fact, fact, nobody, nobody.

0:16:59.360 --> 0:17:01.640
<v Speaker 4>Maybe a rapper, probably a rather athlete.

0:17:02.400 --> 0:17:05.080
<v Speaker 2>No, but see, he gotta get a check. Were talking

0:17:05.119 --> 0:17:07.840
<v Speaker 2>every day, hand in hand. He got to get a

0:17:07.920 --> 0:17:10.359
<v Speaker 2>check every week. We talking every day, hand in hand,

0:17:10.760 --> 0:17:13.679
<v Speaker 2>like you're not touching it like that, but he's oh

0:17:13.720 --> 0:17:16.760
<v Speaker 2>he blows it. Oh he blows the same principle even saying,

0:17:16.880 --> 0:17:20.359
<v Speaker 2>but it was because we touching money every day, because

0:17:20.400 --> 0:17:23.919
<v Speaker 2>we touching it every day all day like yo. Like

0:17:24.040 --> 0:17:26.280
<v Speaker 2>for me, it was nothing. I can easily star. I

0:17:26.359 --> 0:17:27.920
<v Speaker 2>was making about two thousand dollars a day.

0:17:28.760 --> 0:17:29.160
<v Speaker 3>Easy.

0:17:29.800 --> 0:17:31.360
<v Speaker 2>It's nothing for me to take. Okay, let me take

0:17:31.359 --> 0:17:33.160
<v Speaker 2>seve hundred dollars, put that in a stock market right quick,

0:17:33.760 --> 0:17:36.360
<v Speaker 2>like it's nothing. It's just it's just that quick. Now

0:17:36.440 --> 0:17:41.159
<v Speaker 2>it's even easier. So it's like, okay, let's say you

0:17:41.280 --> 0:17:45.120
<v Speaker 2>go do a ten year bid and you got you done,

0:17:45.119 --> 0:17:49.760
<v Speaker 2>accumulated twelve thirteen, fifteen thousand dollars before you got popped.

0:17:51.200 --> 0:17:54.040
<v Speaker 2>If you go do a ten year bid, and your

0:17:54.080 --> 0:17:57.800
<v Speaker 2>money in a stock market when you come home, depending

0:17:57.840 --> 0:18:01.440
<v Speaker 2>on how to stock performing, the market going averages nine

0:18:01.480 --> 0:18:04.960
<v Speaker 2>to ten percent, so your ten bands are your twenty

0:18:05.040 --> 0:18:07.679
<v Speaker 2>bands can easily be an extra ten thousand dollars over

0:18:07.720 --> 0:18:09.640
<v Speaker 2>a ten year times man. And you because you ain't

0:18:09.680 --> 0:18:12.480
<v Speaker 2>do nothing with it and you reinvested everything. Now you

0:18:12.520 --> 0:18:13.800
<v Speaker 2>ain't gotta come home and scramble.

0:18:15.359 --> 0:18:16.679
<v Speaker 3>You know what I'm saying. You don't have to come

0:18:16.720 --> 0:18:18.919
<v Speaker 3>home and scramble no more. You you up. You you

0:18:19.080 --> 0:18:20.040
<v Speaker 3>literally beat the game.

0:18:21.040 --> 0:18:23.560
<v Speaker 2>Or if you gotta lay down for a long time

0:18:24.520 --> 0:18:25.480
<v Speaker 2>or you get killed.

0:18:26.359 --> 0:18:27.840
<v Speaker 3>You left your people something.

0:18:29.960 --> 0:18:31.800
<v Speaker 6>At the peak of it, how many how many people

0:18:32.200 --> 0:18:32.639
<v Speaker 6>did you have?

0:18:32.840 --> 0:18:33.439
<v Speaker 3>Everybody in my.

0:18:33.440 --> 0:18:35.480
<v Speaker 6>Hood, everybody the whole hood where you from?

0:18:35.720 --> 0:18:36.120
<v Speaker 4>What part?

0:18:36.440 --> 0:18:39.000
<v Speaker 2>I'm from mid City says, right across the track from

0:18:39.160 --> 0:18:40.960
<v Speaker 2>the seventeen Well, you know.

0:18:40.880 --> 0:18:45.920
<v Speaker 3>Everybody, see I'm right across the track from that, right

0:18:45.960 --> 0:18:46.760
<v Speaker 3>across your track from that.

0:18:46.840 --> 0:18:50.199
<v Speaker 2>So like my hood kind of like we like, oh,

0:18:50.240 --> 0:18:51.600
<v Speaker 2>we're from the seventeen too, you.

0:18:51.520 --> 0:18:54.280
<v Speaker 3>Know what, I know what I'm saying. That's that's two

0:18:54.320 --> 0:18:54.920
<v Speaker 3>you know what I'm saying.

0:18:55.080 --> 0:18:58.440
<v Speaker 2>But because everybody in that from that part, like we

0:18:58.480 --> 0:19:00.640
<v Speaker 2>went to school together, they came on the track, they

0:19:00.760 --> 0:19:01.679
<v Speaker 2>dealt with our people.

0:19:02.160 --> 0:19:03.400
<v Speaker 3>It was it was a good thing.

0:19:03.480 --> 0:19:06.000
<v Speaker 2>But then right across it on this side is like

0:19:06.040 --> 0:19:07.600
<v Speaker 2>the third ward.

0:19:07.680 --> 0:19:08.280
<v Speaker 3>You know what I'm saying.

0:19:08.680 --> 0:19:12.680
<v Speaker 2>Yeah, so it was like it's complex, but if we understand.

0:19:12.200 --> 0:19:13.160
<v Speaker 3>It, you know what I'm saying.

0:19:13.200 --> 0:19:15.920
<v Speaker 2>But I was right across the track from right across

0:19:15.920 --> 0:19:19.000
<v Speaker 2>track from how they wrote. So like like everybody in

0:19:19.840 --> 0:19:22.439
<v Speaker 2>when I came home, everybody who I dealt with in

0:19:22.480 --> 0:19:25.560
<v Speaker 2>that circle, we was with it. It was with it,

0:19:25.760 --> 0:19:28.000
<v Speaker 2>and they're still with it. Dope that they're still with it.

0:19:28.080 --> 0:19:29.439
<v Speaker 6>So you changed the narrative for real.

0:19:29.640 --> 0:19:31.560
<v Speaker 3>That's what for me, that's what it was about. It

0:19:31.640 --> 0:19:32.119
<v Speaker 3>was about me.

0:19:32.720 --> 0:19:36.840
<v Speaker 2>Like one of my partners told me this, He said, Bro,

0:19:37.240 --> 0:19:39.080
<v Speaker 2>y'all probably blurred this out. He said, Bro, you a

0:19:39.080 --> 0:19:42.439
<v Speaker 2>squeat nigga in the street, nigga bout it? And I

0:19:42.520 --> 0:19:46.080
<v Speaker 2>was like what he was like, because you think different,

0:19:47.359 --> 0:19:49.560
<v Speaker 2>Like we would have never thought of that in our mind.

0:19:49.600 --> 0:19:51.399
<v Speaker 2>We like, Okay, how can we take this money go

0:19:51.440 --> 0:19:53.680
<v Speaker 2>get a business? And you're thinking about buying the whole

0:19:53.760 --> 0:19:56.240
<v Speaker 2>damn business like that's some next level ship.

0:19:56.480 --> 0:19:58.639
<v Speaker 6>Yeah, I mean you talk about that a lot. That,

0:19:58.760 --> 0:20:02.119
<v Speaker 6>the feeling of ownership, the power of ownership. What was

0:20:02.160 --> 0:20:04.040
<v Speaker 6>it like when you got to see your partners actually

0:20:04.040 --> 0:20:05.359
<v Speaker 6>have that feeling for themselves.

0:20:05.440 --> 0:20:09.159
<v Speaker 2>That was better than anything that was a euphoric because

0:20:09.400 --> 0:20:11.880
<v Speaker 2>I knew at that point we touched something that nobody

0:20:11.920 --> 0:20:12.560
<v Speaker 2>never taught us.

0:20:13.480 --> 0:20:15.679
<v Speaker 3>Nobody never taught us about investing.

0:20:16.359 --> 0:20:19.360
<v Speaker 2>Everybody teaches us how to blow money, work for it,

0:20:19.800 --> 0:20:22.800
<v Speaker 2>blow it, work for it. That's the way the system designed.

0:20:23.000 --> 0:20:25.000
<v Speaker 2>It's designed for us to make money and spend money.

0:20:25.000 --> 0:20:28.320
<v Speaker 2>That's why they that's why companies spend billions of dollars

0:20:28.320 --> 0:20:31.080
<v Speaker 2>on market, and it adds because that's why people spend

0:20:31.160 --> 0:20:34.080
<v Speaker 2>two million dollars to have the supermowl commercial for sixty seconds.

0:20:34.200 --> 0:20:35.280
<v Speaker 3>I need to be in your face.

0:20:35.840 --> 0:20:37.840
<v Speaker 2>It's the same reason why we listen to it some

0:20:37.840 --> 0:20:39.480
<v Speaker 2>on one time. I don't like it, but you listen

0:20:39.560 --> 0:20:40.800
<v Speaker 2>to it three full time on the radio.

0:20:40.840 --> 0:20:43.320
<v Speaker 3>You love it nothing, you know the words to it.

0:20:43.520 --> 0:20:44.640
<v Speaker 3>Same thing I'm.

0:20:44.560 --> 0:20:47.119
<v Speaker 2>Gonna put in your face enough, you're going to buy it.

0:20:47.240 --> 0:20:53.520
<v Speaker 2>And even with this, I learned that colors, like every

0:20:53.560 --> 0:20:56.200
<v Speaker 2>fast food place, if you think about it, what color

0:20:56.280 --> 0:20:57.119
<v Speaker 2>is their logo?

0:20:57.400 --> 0:20:57.560
<v Speaker 4>Right?

0:20:57.960 --> 0:20:59.359
<v Speaker 3>Red? Red, sick?

0:21:00.040 --> 0:21:03.600
<v Speaker 2>It makes you hungry. Red makes you hungry. That's this

0:21:03.640 --> 0:21:06.240
<v Speaker 2>whole psychological game. And we don't know about like red.

0:21:06.280 --> 0:21:08.960
<v Speaker 2>I studied that, like red is a color that makes

0:21:09.000 --> 0:21:13.280
<v Speaker 2>you say, man, I'm hungry. Think about them, like majority

0:21:13.280 --> 0:21:16.040
<v Speaker 2>of them are red. So I was just like, yo,

0:21:16.080 --> 0:21:18.960
<v Speaker 2>were just playing. We're just not playing this game to win,

0:21:19.119 --> 0:21:22.000
<v Speaker 2>like it's not in our favor. But I'm not mad

0:21:22.040 --> 0:21:24.560
<v Speaker 2>at the system though. You just got to find a

0:21:24.560 --> 0:21:26.480
<v Speaker 2>way to be a way to play the game. You

0:21:26.480 --> 0:21:28.080
<v Speaker 2>can't even beat it, you gotta find way to play it.

0:21:28.200 --> 0:21:30.359
<v Speaker 2>Playing the wrong game, you playing the wrong game. So

0:21:30.400 --> 0:21:32.919
<v Speaker 2>for me, when once my partners tapped into it, I

0:21:33.040 --> 0:21:34.119
<v Speaker 2>was like, oh yeah, we winning.

0:21:34.119 --> 0:21:36.359
<v Speaker 3>We're doing something. You know, we're doing something.

0:21:36.520 --> 0:21:36.960
<v Speaker 4>All right.

0:21:37.040 --> 0:21:38.679
<v Speaker 5>So in the next said we're gonna talk about how

0:21:38.720 --> 0:21:40.800
<v Speaker 5>to play the game. We're gonna bring up the d

0:21:41.119 --> 0:21:42.840
<v Speaker 5>on the stock market, all right, So now we're going

0:21:42.920 --> 0:21:44.679
<v Speaker 5>to talk about all right, so you you made the

0:21:44.720 --> 0:21:51.159
<v Speaker 5>transition from the street well prison to helping educating brothers

0:21:51.160 --> 0:21:53.919
<v Speaker 5>on the street corner, and then you were working. And

0:21:53.960 --> 0:21:57.200
<v Speaker 5>then but as you were working, you were still saving investing.

0:21:57.680 --> 0:21:59.320
<v Speaker 5>Then you made that journey to be in a full

0:21:59.359 --> 0:22:03.560
<v Speaker 5>time invest the entrepreneur educator. So all right, we're going

0:22:03.600 --> 0:22:05.880
<v Speaker 5>to talk about some some some some concepts as far

0:22:05.880 --> 0:22:09.600
<v Speaker 5>as so stocks. If anybody's not familiar, that's something that

0:22:09.680 --> 0:22:12.159
<v Speaker 5>is very near and dead in my heart because that

0:22:12.320 --> 0:22:14.080
<v Speaker 5>was like one of my first passions.

0:22:14.080 --> 0:22:16.440
<v Speaker 4>And like I did, I.

0:22:16.359 --> 0:22:17.680
<v Speaker 5>Was in love with the stock mark when I was

0:22:17.720 --> 0:22:20.639
<v Speaker 5>like eleven years old, Like every it was very I

0:22:20.680 --> 0:22:22.520
<v Speaker 5>look back on it now and it's very strange, but

0:22:22.560 --> 0:22:26.040
<v Speaker 5>it was like my favorite movies was like Wall Street

0:22:26.200 --> 0:22:29.199
<v Speaker 5>and like you know, Barbarians at the Gate, and I

0:22:29.240 --> 0:22:30.639
<v Speaker 5>wanted to be a corporate takeover and that was the

0:22:30.720 --> 0:22:32.440
<v Speaker 5>first career I wanted to do. When I was twelve

0:22:32.480 --> 0:22:33.680
<v Speaker 5>years old, people will be like, what do you want

0:22:33.680 --> 0:22:35.600
<v Speaker 5>to do with average kid is like, you know, basketball player,

0:22:35.640 --> 0:22:41.520
<v Speaker 5>firefight might want to be a corporate takeover. It was

0:22:41.560 --> 0:22:43.520
<v Speaker 5>just intriguing to me. It was just really intriguing to me.

0:22:43.560 --> 0:22:44.879
<v Speaker 5>I went to Wall Street. My dad took me to

0:22:44.880 --> 0:22:47.040
<v Speaker 5>Wall Street when I was a kid, and I just

0:22:47.119 --> 0:22:50.159
<v Speaker 5>I was always just intrigued by how fast it was

0:22:50.200 --> 0:22:50.600
<v Speaker 5>moving and.

0:22:52.200 --> 0:22:52.560
<v Speaker 3>Finance.

0:22:52.640 --> 0:22:54.600
<v Speaker 4>Yeah, that's what I'm saying. So it was just intriguing.

0:22:54.720 --> 0:22:58.000
<v Speaker 5>So so I say that to say, yeah, this, this

0:22:58.080 --> 0:22:59.800
<v Speaker 5>is something I definitely was looking forward to having this

0:22:59.840 --> 0:23:03.760
<v Speaker 5>kindversation because, like I said, real estate, everybody's in real estate,

0:23:03.760 --> 0:23:06.640
<v Speaker 5>and real estate is important. It's extremely important to own

0:23:07.040 --> 0:23:09.920
<v Speaker 5>the land and to owned buildings and to own stores.

0:23:09.960 --> 0:23:14.360
<v Speaker 5>But I think stock stocks don't really get enough light,

0:23:15.080 --> 0:23:17.160
<v Speaker 5>especially in our community, because they feel like it's something

0:23:17.160 --> 0:23:19.760
<v Speaker 5>that's too complicated over their heads, or it moves at

0:23:19.760 --> 0:23:23.760
<v Speaker 5>a slower pace than something even though real estate can

0:23:23.800 --> 0:23:25.720
<v Speaker 5>move in a slow pace too, But people are, like

0:23:25.760 --> 0:23:29.760
<v Speaker 5>we said off camera, they're fascinated with the quick flips,

0:23:29.880 --> 0:23:31.679
<v Speaker 5>you know what I mean. So it's like people if

0:23:31.680 --> 0:23:35.159
<v Speaker 5>they do get involved in investing trading, they want to

0:23:35.200 --> 0:23:39.400
<v Speaker 5>go like crypto, like they're saying with even.

0:23:40.200 --> 0:23:41.000
<v Speaker 6>Not that word again.

0:23:41.440 --> 0:23:45.600
<v Speaker 2>So also because it's not tangible, right that they don't

0:23:45.600 --> 0:23:46.680
<v Speaker 2>see the tangible.

0:23:46.280 --> 0:23:48.480
<v Speaker 4>As they don't they don't fully understand it. People still

0:23:48.480 --> 0:23:49.359
<v Speaker 4>don't fully understand it.

0:23:49.400 --> 0:23:53.399
<v Speaker 5>So all right, stock market investing, right, talk about what

0:23:53.600 --> 0:23:59.359
<v Speaker 5>is your theory? But from buying and holding and day trading,

0:23:59.359 --> 0:24:01.680
<v Speaker 5>because that's kind of like the two trains of thought

0:24:01.720 --> 0:24:03.879
<v Speaker 5>and investing. It's like day trading. Anybody's not familiar with

0:24:03.920 --> 0:24:05.879
<v Speaker 5>da trading. That's when you're actually buying a stock and

0:24:05.920 --> 0:24:08.680
<v Speaker 5>you're trading it in today sometimes like within a couple

0:24:08.720 --> 0:24:12.240
<v Speaker 5>of minutes, and you're getting your profits. Whereas buying hole

0:24:12.400 --> 0:24:15.360
<v Speaker 5>there's more you're buying and you're you're holding long term.

0:24:15.560 --> 0:24:17.879
<v Speaker 5>That long term could be six months, a year, ten years,

0:24:17.880 --> 0:24:21.400
<v Speaker 5>twenty five years, but you're not looking to make quick decisions.

0:24:21.440 --> 0:24:27.639
<v Speaker 5>So what's your theory between buying long term and day trading?

0:24:28.119 --> 0:24:32.399
<v Speaker 3>Alright? So with buying long term, that's what.

0:24:32.480 --> 0:24:37.000
<v Speaker 2>The wealth is at because when you buy a long

0:24:37.080 --> 0:24:42.560
<v Speaker 2>term you're not affected by the short term plivities that.

0:24:42.640 --> 0:24:45.199
<v Speaker 3>Go on in the market, and you can't control that.

0:24:46.600 --> 0:24:51.640
<v Speaker 2>So because I can't control that, I want to say

0:24:52.160 --> 0:24:59.080
<v Speaker 2>I'm willing to wait that out right, Whereas with day trading,

0:24:59.280 --> 0:25:00.360
<v Speaker 2>it's a high.

0:25:01.280 --> 0:25:04.879
<v Speaker 3>It's like, yo, this just went.

0:25:04.800 --> 0:25:09.080
<v Speaker 2>Up some about to get this bread and I'm gonna

0:25:09.080 --> 0:25:12.960
<v Speaker 2>get out. But what people don't tell you about day

0:25:13.000 --> 0:25:15.280
<v Speaker 2>tree and I have nothing against because the money in it,

0:25:15.840 --> 0:25:19.160
<v Speaker 2>but those capital gains taxes that come with it gonna

0:25:19.160 --> 0:25:19.800
<v Speaker 2>eat away.

0:25:19.560 --> 0:25:20.240
<v Speaker 3>At your profit.

0:25:20.560 --> 0:25:26.280
<v Speaker 2>Right with stock marked with the way that I invest,

0:25:26.840 --> 0:25:27.520
<v Speaker 2>my goal is.

0:25:27.480 --> 0:25:29.000
<v Speaker 3>To just hold it at least for a year and

0:25:29.080 --> 0:25:29.440
<v Speaker 3>a day.

0:25:29.680 --> 0:25:30.919
<v Speaker 4>So all right, let's talk about that.

0:25:31.040 --> 0:25:36.320
<v Speaker 5>So capital gains for most people, it's like fifteen person.

0:25:35.600 --> 0:25:39.120
<v Speaker 3>Nah, twenty twenty nine, twenty eight.

0:25:39.200 --> 0:25:41.680
<v Speaker 2>Short term capital gains, oh yeah, you go, you're gonna

0:25:41.680 --> 0:25:42.680
<v Speaker 2>go with eighteen.

0:25:42.560 --> 0:25:45.280
<v Speaker 5>Yeah, because long term capital gain is fifteen percent, so yeah,

0:25:45.320 --> 0:25:48.560
<v Speaker 5>so short term capital gains, yeah, it's higher. So capital

0:25:48.600 --> 0:25:50.800
<v Speaker 5>gains is when you sell a stock, you gotta pay

0:25:50.840 --> 0:25:54.560
<v Speaker 5>taxes on that. And I ask you said, and the

0:25:54.640 --> 0:25:58.400
<v Speaker 5>short term capital gains is more than long term capital gains,

0:25:58.400 --> 0:26:00.400
<v Speaker 5>which is an incentive to hold it in ang term

0:26:00.400 --> 0:26:01.960
<v Speaker 5>capital game started a year, right.

0:26:01.880 --> 0:26:03.840
<v Speaker 6>All right, So if I got I bought a stock

0:26:03.880 --> 0:26:05.560
<v Speaker 6>one hundred dollars, I made one hundred and fifty. I'm

0:26:05.560 --> 0:26:06.400
<v Speaker 6>paying a tax on the fifty.

0:26:06.400 --> 0:26:07.600
<v Speaker 3>You're gonna pay a tax on a fifty.

0:26:08.240 --> 0:26:10.160
<v Speaker 2>Now, if you hold it for a year and a day,

0:26:10.720 --> 0:26:12.359
<v Speaker 2>you're only gonna pay about twelve percent.

0:26:13.520 --> 0:26:15.920
<v Speaker 3>If you hold it for six months, you'll pay about

0:26:15.920 --> 0:26:16.920
<v Speaker 3>twenty two.

0:26:17.520 --> 0:26:20.320
<v Speaker 2>So the goal is just and so the goal in

0:26:20.440 --> 0:26:23.720
<v Speaker 2>building wealth, and it's simply this. It's not about how

0:26:23.800 --> 0:26:26.040
<v Speaker 2>much money you make, it's about how much you keep.

0:26:26.400 --> 0:26:27.120
<v Speaker 4>That's the fact.

0:26:27.880 --> 0:26:30.360
<v Speaker 2>So for me, I want to keep as much as

0:26:30.359 --> 0:26:33.679
<v Speaker 2>I can. And so if I got to hold it

0:26:33.680 --> 0:26:35.600
<v Speaker 2>for a year and a day, I'm cool with that.

0:26:36.359 --> 0:26:38.880
<v Speaker 2>I'm cool with it because I've gained equity in it.

0:26:39.000 --> 0:26:40.960
<v Speaker 2>And if they're paying dividends, I don't got some. I

0:26:40.960 --> 0:26:44.480
<v Speaker 2>don't got full quarters with the dividends, and I made

0:26:44.480 --> 0:26:44.920
<v Speaker 2>my bread.

0:26:45.720 --> 0:26:48.679
<v Speaker 3>I'm good. And see that's the part of like trading

0:26:48.680 --> 0:26:49.600
<v Speaker 3>that people don't talk about.

0:26:50.280 --> 0:26:50.440
<v Speaker 6>Right.

0:26:50.480 --> 0:26:51.679
<v Speaker 4>It's like you said, it's not sexy.

0:26:51.720 --> 0:26:54.960
<v Speaker 5>It ain't sexy, and they want they want short term

0:26:55.000 --> 0:26:59.400
<v Speaker 5>gratification without you know, being in it for the long haul.

0:26:59.800 --> 0:27:00.000
<v Speaker 4>Right.

0:27:00.160 --> 0:27:04.080
<v Speaker 5>And the thing about it is that nothing happens overnight nothing,

0:27:04.520 --> 0:27:07.240
<v Speaker 5>and you don't. You don't build wealth overnight as well,

0:27:07.280 --> 0:27:10.400
<v Speaker 5>And it's important. I always tell my climate financial advisor.

0:27:10.440 --> 0:27:12.040
<v Speaker 5>I tell my clients whole time, you have to you

0:27:12.040 --> 0:27:14.040
<v Speaker 5>have to diversify, like you can't put all your eggs

0:27:14.040 --> 0:27:16.879
<v Speaker 5>in any one basket. Right, you got diversified, so you

0:27:16.960 --> 0:27:20.840
<v Speaker 5>might have real estate, but it doesn't. It's not healthy

0:27:20.880 --> 0:27:23.480
<v Speaker 5>to just put every dollar that you have into me now, right,

0:27:23.480 --> 0:27:26.080
<v Speaker 5>it does. It's common sense for a lot of different reasons.

0:27:26.600 --> 0:27:30.399
<v Speaker 5>But stocks is a key wealth building tool and it

0:27:30.440 --> 0:27:33.119
<v Speaker 5>should definitely be part of somebody. Most people are invested

0:27:33.160 --> 0:27:34.920
<v Speaker 5>in stock market without them even knowing it because of

0:27:34.960 --> 0:27:35.800
<v Speaker 5>the four one K plan.

0:27:36.480 --> 0:27:36.680
<v Speaker 4>Right.

0:27:37.400 --> 0:27:40.080
<v Speaker 5>So dividends, right, because this is something that we haven't

0:27:40.119 --> 0:27:42.640
<v Speaker 5>covered and a lot of people have heard of dividends,

0:27:42.640 --> 0:27:44.560
<v Speaker 5>but they don't fully understand what a dividend is.

0:27:44.640 --> 0:27:46.560
<v Speaker 6>So what is a dividend? You said, that's one of

0:27:46.600 --> 0:27:47.439
<v Speaker 6>the strategies you use.

0:27:49.200 --> 0:27:49.760
<v Speaker 3>So it happens.

0:27:49.840 --> 0:27:54.320
<v Speaker 2>Is dividends are a portion of the profit that companies

0:27:54.400 --> 0:27:58.720
<v Speaker 2>pay to people who are invested in a business.

0:27:57.640 --> 0:27:59.439
<v Speaker 3>Not the revenue, but the profit.

0:27:59.560 --> 0:28:02.160
<v Speaker 2>So if I have a business that brings in ten

0:28:02.200 --> 0:28:07.320
<v Speaker 2>thousand dollars a month and I profit five thousand dollars

0:28:07.359 --> 0:28:10.960
<v Speaker 2>a month. Then out of that five thousand dollars, I'll

0:28:11.000 --> 0:28:13.879
<v Speaker 2>take a percentage of that, which is called the dividend yield,

0:28:14.640 --> 0:28:18.080
<v Speaker 2>and I'll pay it to my investors as a part

0:28:18.560 --> 0:28:21.639
<v Speaker 2>of saying hey, thank you for investing in my business.

0:28:21.680 --> 0:28:24.600
<v Speaker 6>Is it paid equally or obviously depending on how many

0:28:24.600 --> 0:28:25.600
<v Speaker 6>shares you have, you get more.

0:28:26.000 --> 0:28:26.160
<v Speaker 3>Now.

0:28:26.320 --> 0:28:29.080
<v Speaker 2>Yeah, well, the dividend is the same. So if I

0:28:29.119 --> 0:28:31.600
<v Speaker 2>pay fifty cent a ship, everybody, which is two dollars

0:28:31.600 --> 0:28:36.679
<v Speaker 2>a year, everybody gets that depending on how much you have.

0:28:36.760 --> 0:28:39.080
<v Speaker 3>If you got five, I have ten, you have fifteen,

0:28:39.120 --> 0:28:40.560
<v Speaker 3>and we will all get a different amount.

0:28:40.640 --> 0:28:43.960
<v Speaker 2>But the underlying asset value is the same.

0:28:44.080 --> 0:28:46.400
<v Speaker 5>So what are what are what are some top companies

0:28:46.400 --> 0:28:47.680
<v Speaker 5>as far as dividends these days?

0:28:47.760 --> 0:28:49.720
<v Speaker 4>What are they at?

0:28:49.880 --> 0:28:57.400
<v Speaker 2>And T pays seven six percent? That's major now, so

0:28:57.480 --> 0:28:59.400
<v Speaker 2>this is a dupe part. So we talk about real

0:28:59.480 --> 0:29:04.520
<v Speaker 2>estate right, the real estate aspect of the stock market,

0:29:04.720 --> 0:29:07.960
<v Speaker 2>which is called real estate investment trust, which is a

0:29:08.560 --> 0:29:14.360
<v Speaker 2>rep which is saying I can own Walmart as a business,

0:29:14.720 --> 0:29:17.360
<v Speaker 2>and I can own the people who Walmart pay rent

0:29:17.400 --> 0:29:21.120
<v Speaker 2>to because they don't own the building, they just own

0:29:21.200 --> 0:29:27.360
<v Speaker 2>the name. Like Amazon, has a warehouse. I can own Amazon,

0:29:28.000 --> 0:29:31.960
<v Speaker 2>and I can also own the warehouse. Who pay who

0:29:32.000 --> 0:29:36.960
<v Speaker 2>Amazon pays the rent to rates? Pay higher dividends. We

0:29:37.120 --> 0:29:42.920
<v Speaker 2>talking twelve percent, nine percent, seven percent, So individual stocks

0:29:44.320 --> 0:29:52.880
<v Speaker 2>at and T, Macy's, Century Li. Now that's a bad business,

0:29:53.400 --> 0:29:56.120
<v Speaker 2>but they pay a high dividend. That's what's called a

0:29:56.160 --> 0:29:57.760
<v Speaker 2>dividend trap. We're not going to get into that.

0:29:58.480 --> 0:30:00.840
<v Speaker 6>How they disperse quarter how this person.

0:30:00.920 --> 0:30:02.160
<v Speaker 3>So every business is different.

0:30:02.240 --> 0:30:05.160
<v Speaker 2>So with a lot of the ates they come out,

0:30:06.080 --> 0:30:07.960
<v Speaker 2>some of them pay monthly and some Rember I was

0:30:07.960 --> 0:30:11.080
<v Speaker 2>telling you that I have businesses. One of my businesses

0:30:11.120 --> 0:30:14.320
<v Speaker 2>is Apple Reality. They own one hundred and twenty eight

0:30:14.400 --> 0:30:19.920
<v Speaker 2>Chatons and the Hilton's and two hundred and something Marriotts.

0:30:21.480 --> 0:30:23.960
<v Speaker 3>They're not going out of business in his armes Zoom,

0:30:24.200 --> 0:30:25.240
<v Speaker 3>but they pay me, I.

0:30:25.200 --> 0:30:27.640
<v Speaker 2>Think at a nine percent rate on their rates, and

0:30:27.680 --> 0:30:28.960
<v Speaker 2>they pay that monthly.

0:30:29.040 --> 0:30:30.480
<v Speaker 3>So every month they're paying me.

0:30:31.440 --> 0:30:33.080
<v Speaker 4>So that that's nine percent on the money that you

0:30:33.120 --> 0:30:33.720
<v Speaker 4>have invested.

0:30:33.800 --> 0:30:36.760
<v Speaker 2>No, that's nine percent of the stock price. Okay, right,

0:30:36.800 --> 0:30:39.280
<v Speaker 2>So that's all a dividend yield is. So a dividend

0:30:39.360 --> 0:30:42.120
<v Speaker 2>yield is this If the stock price is one hundred

0:30:42.160 --> 0:30:45.680
<v Speaker 2>dollars and a dividend yield is five percent, then your

0:30:45.800 --> 0:30:48.280
<v Speaker 2>dividend is five percent of that one hundred dollars.

0:30:48.520 --> 0:30:51.200
<v Speaker 3>That's what you're getting paid. OK. That makes sense.

0:30:51.680 --> 0:30:53.840
<v Speaker 4>It's passive, superpass passive.

0:30:54.000 --> 0:30:56.120
<v Speaker 5>But you do have to have large amount for it

0:30:56.120 --> 0:31:00.320
<v Speaker 5>to This is true, But you were saying that you

0:31:00.360 --> 0:31:03.240
<v Speaker 5>have to start looking at it like, okay, just to

0:31:03.240 --> 0:31:04.200
<v Speaker 5>pay my cell phone bill?

0:31:04.400 --> 0:31:05.160
<v Speaker 3>What's your freedom? Part?

0:31:06.160 --> 0:31:07.640
<v Speaker 6>You talk about AT and T, but you got tore

0:31:07.760 --> 0:31:08.520
<v Speaker 6>at and So.

0:31:08.840 --> 0:31:12.720
<v Speaker 2>What happened to me was I started asking myself how

0:31:12.720 --> 0:31:14.160
<v Speaker 2>do I buy back my freedom?

0:31:15.240 --> 0:31:18.040
<v Speaker 3>Right? Like, how do I buy it back? Right?

0:31:18.400 --> 0:31:21.200
<v Speaker 2>Because it's not given to you, just like you know

0:31:21.440 --> 0:31:23.520
<v Speaker 2>shadow slavery, Like I'm not going to give it to you.

0:31:23.520 --> 0:31:25.600
<v Speaker 2>You gotta buy it back, you gotta fight for it.

0:31:26.160 --> 0:31:28.000
<v Speaker 2>So I was like, how do I buy back my

0:31:28.040 --> 0:31:31.440
<v Speaker 2>freedom with the stock market?

0:31:31.640 --> 0:31:33.880
<v Speaker 3>Because you can't save to investigate it back?

0:31:34.520 --> 0:31:34.680
<v Speaker 6>Right.

0:31:34.720 --> 0:31:36.640
<v Speaker 2>We know that you can't work a bunch of hours

0:31:36.640 --> 0:31:39.320
<v Speaker 2>to get it back. So the next best thing for

0:31:39.440 --> 0:31:45.080
<v Speaker 2>me was dividends. So I was like, Okay, what do

0:31:45.160 --> 0:31:50.400
<v Speaker 2>I use every day? My phone bill? AT and T

0:31:51.640 --> 0:31:55.240
<v Speaker 2>and I have Apple product. So because AT and T

0:31:55.400 --> 0:31:58.800
<v Speaker 2>pays a five percent six percent dividend year. I was like, okay,

0:31:59.240 --> 0:32:03.480
<v Speaker 2>I need this this many shares of this business.

0:32:04.960 --> 0:32:08.280
<v Speaker 3>To pay off my phone bill every four.

0:32:08.080 --> 0:32:13.120
<v Speaker 2>Months because AT and T pays quarterly, which is every

0:32:13.120 --> 0:32:18.360
<v Speaker 2>three months, Disney pays semi annually, which is twice a year,

0:32:18.800 --> 0:32:21.960
<v Speaker 2>and then you have some businesses that pay every month. Right,

0:32:22.880 --> 0:32:24.480
<v Speaker 2>So I was like, Okay, if I can get AT

0:32:24.640 --> 0:32:29.720
<v Speaker 2>and T to pay my phone bill through their dividends

0:32:30.920 --> 0:32:35.120
<v Speaker 2>full times a year, then I have essentially bought back

0:32:35.200 --> 0:32:37.320
<v Speaker 2>my freedom because I no longer have to work to

0:32:37.360 --> 0:32:38.280
<v Speaker 2>pay for that phone bill.

0:32:38.920 --> 0:32:42.320
<v Speaker 3>AT and T paying for me. And so you can

0:32:42.360 --> 0:32:44.960
<v Speaker 3>do that with your If you're in.

0:32:44.920 --> 0:32:48.440
<v Speaker 2>Georgia, you can use Southern Company, which is another great

0:32:48.480 --> 0:32:51.920
<v Speaker 2>dividend business. How much is your phone bill and your

0:32:51.960 --> 0:32:55.800
<v Speaker 2>light bill eighty one hundred dollars they pay like three

0:32:56.000 --> 0:33:00.200
<v Speaker 2>four percent dividend. Figure out how much the diffiden than

0:33:00.360 --> 0:33:04.880
<v Speaker 2>is per quarter, how many shares your need of that business,

0:33:05.560 --> 0:33:06.320
<v Speaker 2>and then let that.

0:33:06.280 --> 0:33:07.080
<v Speaker 3>Pay your light build.

0:33:07.120 --> 0:33:09.400
<v Speaker 2>So if you can give your dividends from a business

0:33:09.560 --> 0:33:11.880
<v Speaker 2>to pay your light build and your phone bill, you've

0:33:11.920 --> 0:33:14.320
<v Speaker 2>bought back some of your freedom because now you can

0:33:14.320 --> 0:33:17.240
<v Speaker 2>take that money and invest it and do something else

0:33:17.280 --> 0:33:17.600
<v Speaker 2>with it.

0:33:18.160 --> 0:33:22.240
<v Speaker 3>That's optimizing your money. The money is just a tool.

0:33:22.280 --> 0:33:23.120
<v Speaker 3>We know that much.

0:33:23.720 --> 0:33:25.760
<v Speaker 2>So if we can use the tool to do that's

0:33:25.800 --> 0:33:29.560
<v Speaker 2>supposed to do, then we get maximum value for it.

0:33:29.560 --> 0:33:32.520
<v Speaker 5>And that's so once you fully understand investing, you start

0:33:32.520 --> 0:33:36.960
<v Speaker 5>to understand that it's like Spanish. Right, So I don't know,

0:33:37.000 --> 0:33:38.960
<v Speaker 5>I mean, spend people in New Orleans, but they got

0:33:39.000 --> 0:33:43.120
<v Speaker 5>a few half like seventy percent of New York is spanding.

0:33:43.200 --> 0:33:48.920
<v Speaker 5>Maybe not, Yeah, New York spent a lot. So I say,

0:33:48.960 --> 0:33:51.840
<v Speaker 5>I have to say, when you're around Spanish enough, you

0:33:51.880 --> 0:33:53.360
<v Speaker 5>start to understand it a little bit better.

0:33:53.560 --> 0:33:54.720
<v Speaker 4>You might not be able to speak it, but you

0:33:54.760 --> 0:33:56.840
<v Speaker 4>can kind of have a general understanding. Right.

0:33:57.080 --> 0:34:00.840
<v Speaker 5>The same thing with investing. When you're around the language

0:34:00.840 --> 0:34:03.360
<v Speaker 5>of investing, it starts to make sense and you realize

0:34:03.360 --> 0:34:07.600
<v Speaker 5>that they're all kind of similar. It's just like actually

0:34:07.800 --> 0:34:11.800
<v Speaker 5>when you learn foreign languages, like Spanish is similar to French.

0:34:11.840 --> 0:34:12.520
<v Speaker 5>They all come.

0:34:12.400 --> 0:34:13.600
<v Speaker 6>From like a Spanish Portuguese.

0:34:13.680 --> 0:34:14.239
<v Speaker 4>Yeah, they're all.

0:34:14.280 --> 0:34:16.720
<v Speaker 5>Kind of similar. I forget where they actually the route

0:34:16.760 --> 0:34:19.200
<v Speaker 5>came from. But long story short of it is that

0:34:20.040 --> 0:34:23.040
<v Speaker 5>what you just explained was the same theory that dj

0:34:23.239 --> 0:34:25.920
<v Speaker 5>MVY explained to us when he says that he doesn't

0:34:25.960 --> 0:34:28.360
<v Speaker 5>buy any liability until he has an asset to pay for.

0:34:28.520 --> 0:34:30.319
<v Speaker 5>His thing is real estate, so he buys a home

0:34:30.719 --> 0:34:35.720
<v Speaker 5>and now he has a home to actually pay rental

0:34:36.200 --> 0:34:38.920
<v Speaker 5>for his Lamborghini ORF like that, Like I'm saying, so

0:34:39.400 --> 0:34:40.799
<v Speaker 5>you just bring it down a small level.

0:34:41.080 --> 0:34:43.400
<v Speaker 6>But because I mean, and that's key though, right if

0:34:43.440 --> 0:34:44.719
<v Speaker 6>you break it out a small level, like.

0:34:44.680 --> 0:34:46.880
<v Speaker 4>Well, yeah, well and then and then also people have

0:34:46.920 --> 0:34:47.560
<v Speaker 4>to understand too.

0:34:47.640 --> 0:34:49.600
<v Speaker 5>Is that so people might say, okay, well I got

0:34:49.600 --> 0:34:52.120
<v Speaker 5>to put two thousand dollars into a stock to get

0:34:52.360 --> 0:34:55.680
<v Speaker 5>one hundred dollars dividend, it's not worth it. But the

0:34:55.760 --> 0:34:58.120
<v Speaker 5>thing about it is that it's not like you're paying

0:34:58.120 --> 0:35:00.839
<v Speaker 5>for something. You're investing so that two thousands gonna grow

0:35:00.920 --> 0:35:03.480
<v Speaker 5>over the course of time while you're getting your diffidends.

0:35:03.520 --> 0:35:05.959
<v Speaker 5>So it's not like you just putting your money into

0:35:06.000 --> 0:35:08.080
<v Speaker 5>never ever Land. It's actually going to an investment that

0:35:08.120 --> 0:35:10.719
<v Speaker 5>will probably gain value over the court of time. But

0:35:10.760 --> 0:35:14.200
<v Speaker 5>in the meantime, you're actually gaining income that you can

0:35:14.320 --> 0:35:17.200
<v Speaker 5>use via the dividend, and now you can actually use

0:35:17.239 --> 0:35:19.440
<v Speaker 5>that to support your life, because, like you said, you

0:35:19.520 --> 0:35:24.240
<v Speaker 5>gotta find a way to actually make money while you're sleep.

0:35:24.280 --> 0:35:26.160
<v Speaker 5>That's what Warren Buffet said, right said it said, if

0:35:26.200 --> 0:35:30.600
<v Speaker 5>you don't make money while you're sleeping, work, So by

0:35:30.680 --> 0:35:33.000
<v Speaker 5>doing that, now you're actually Okay. Now I can, like

0:35:33.040 --> 0:35:34.919
<v Speaker 5>you said, you can focus on Okay, now I did that.

0:35:35.200 --> 0:35:37.920
<v Speaker 5>Now I gotta do something to pay all right, to

0:35:37.920 --> 0:35:39.560
<v Speaker 5>pay my mortgage, and I gotta do something to pay

0:35:39.560 --> 0:35:42.000
<v Speaker 5>my card bill. And then before you know it, you're

0:35:42.040 --> 0:35:45.640
<v Speaker 5>not actually paying anything yourself. It's all being paid for you,

0:35:45.719 --> 0:35:48.600
<v Speaker 5>which leaves you more money because that two hundred dep

0:35:49.440 --> 0:35:52.200
<v Speaker 5>now you can actually reinvest and do other things and

0:35:52.360 --> 0:35:53.399
<v Speaker 5>just kind of like a domino fest.

0:35:53.440 --> 0:35:55.480
<v Speaker 6>Like Lord said, it was like, yo, I treat money

0:35:55.520 --> 0:35:57.200
<v Speaker 6>like little soldiers. They have to go work.

0:35:57.280 --> 0:35:57.640
<v Speaker 3>Listen.

0:35:58.239 --> 0:36:06.200
<v Speaker 2>But also also you're forgetting something that's major, the ownership.

0:36:05.239 --> 0:36:07.239
<v Speaker 3>M Ye you feel me.

0:36:07.760 --> 0:36:10.600
<v Speaker 2>So while your money is working for you through the dividends,

0:36:11.360 --> 0:36:16.839
<v Speaker 2>your ownership your equity is also increasing. Yeah, so that's

0:36:16.840 --> 0:36:19.040
<v Speaker 2>how you like you leverage the game with that.

0:36:19.440 --> 0:36:21.400
<v Speaker 5>And that's something that people don't understand either. It's like

0:36:21.760 --> 0:36:24.040
<v Speaker 5>people it's like, well, everybody's not an entrepreneur. I don't

0:36:24.040 --> 0:36:26.279
<v Speaker 5>want to own a business. There's a lot that comes

0:36:26.280 --> 0:36:28.160
<v Speaker 5>from owning a business. But there's more than one way

0:36:28.160 --> 0:36:30.799
<v Speaker 5>to own a business. If you buy a stock, you're

0:36:30.880 --> 0:36:34.239
<v Speaker 5>an owner in that company. That's one that's probably the

0:36:34.320 --> 0:36:37.719
<v Speaker 5>easiest way to own a business. Now you're not going

0:36:37.800 --> 0:36:41.040
<v Speaker 5>to be the majority owner, but it doesn't matter.

0:36:41.200 --> 0:36:44.200
<v Speaker 6>It doesn't you're still an owner.

0:36:44.960 --> 0:36:50.560
<v Speaker 2>Warren Buffett owns six percent of Coca Cola, right, so

0:36:50.640 --> 0:36:54.319
<v Speaker 2>he's still not a majority owner, but he still has

0:36:54.480 --> 0:36:57.360
<v Speaker 2>say sol And this is the one thing about the

0:36:57.400 --> 0:37:02.240
<v Speaker 2>stock market that I love. I can vote on every

0:37:02.320 --> 0:37:04.920
<v Speaker 2>business that I own, and they have to acknowledge me,

0:37:06.320 --> 0:37:08.520
<v Speaker 2>like I literally bought three shares of Breakshot have the

0:37:08.520 --> 0:37:11.800
<v Speaker 2>way b Let's make sure I say that be what's.

0:37:11.680 --> 0:37:15.320
<v Speaker 4>What's the aig something go up to one.

0:37:15.239 --> 0:37:17.160
<v Speaker 3>Hundred, three hundred and some thousand.

0:37:17.400 --> 0:37:19.600
<v Speaker 2>Please, there's a difference. It's a big difference. So let

0:37:19.640 --> 0:37:21.080
<v Speaker 2>me say, because I don't nobody to be like.

0:37:21.239 --> 0:37:25.120
<v Speaker 3>Man, you gotta you ain't got no man. I heard that.

0:37:26.320 --> 0:37:30.759
<v Speaker 2>So I literally bought three shares of Berkshaw b.

0:37:31.080 --> 0:37:33.000
<v Speaker 4>Which is which is Warren Buffer's company.

0:37:33.400 --> 0:37:35.839
<v Speaker 3>Yes, I bought my daughter. That's another thing.

0:37:35.960 --> 0:37:38.360
<v Speaker 2>So at three years old, my daughter has five thousand

0:37:38.400 --> 0:37:39.239
<v Speaker 2>dollars invested in the stock.

0:37:39.600 --> 0:37:40.239
<v Speaker 4>I want to talk about that.

0:37:40.400 --> 0:37:46.160
<v Speaker 2>Yeah, finished, But I bought uh three shares of berkship

0:37:46.280 --> 0:37:48.040
<v Speaker 2>Be so I could go.

0:37:47.920 --> 0:37:52.720
<v Speaker 3>To the Warren Buffett Annual meeting and I had right.

0:37:52.560 --> 0:37:56.080
<v Speaker 2>To vote on anything in Omaha. Yeah, I went to

0:37:56.200 --> 0:37:59.160
<v Speaker 2>NIPS That's when everything happened. But I'm going next year

0:37:59.480 --> 0:38:00.800
<v Speaker 2>for show for and the only way you can go

0:38:00.880 --> 0:38:04.319
<v Speaker 2>is if you own at least one share, right. So

0:38:04.400 --> 0:38:06.960
<v Speaker 2>I was like, okay, cool, and you actually get to.

0:38:06.880 --> 0:38:07.600
<v Speaker 3>Talk to this man.

0:38:07.920 --> 0:38:09.600
<v Speaker 5>So I'm glad you said that about your daughter because

0:38:09.680 --> 0:38:12.959
<v Speaker 5>speaking of NIP. Actually, when we I posted about NIP,

0:38:13.200 --> 0:38:16.880
<v Speaker 5>you commented on that post for sure about and you

0:38:16.920 --> 0:38:18.759
<v Speaker 5>was talking about a custodian on account for your daughter.

0:38:19.000 --> 0:38:21.280
<v Speaker 5>So I had put a post up that like, if

0:38:21.320 --> 0:38:25.200
<v Speaker 5>you celebrate Christmas or for kids' birthdays, a suggestion is

0:38:25.239 --> 0:38:27.720
<v Speaker 5>that you know, if you're going to spend two hundred

0:38:27.760 --> 0:38:29.640
<v Speaker 5>dollars on gifts, maybe spend one hundred dollars on the

0:38:29.680 --> 0:38:31.880
<v Speaker 5>gifts and one hundred dollars on an investment. Right, And

0:38:31.920 --> 0:38:33.160
<v Speaker 5>he was like, well, how do I do that?

0:38:33.320 --> 0:38:35.160
<v Speaker 3>So I walk you through that.

0:38:35.200 --> 0:38:37.000
<v Speaker 4>Yeah, it exactly.

0:38:37.320 --> 0:38:42.960
<v Speaker 2>So it's basically I don't buy my daughter toys at all.

0:38:43.640 --> 0:38:46.080
<v Speaker 2>I told her mom, and I'm like, listen, I'll buy clothes,

0:38:46.120 --> 0:38:49.480
<v Speaker 2>I'll buy food, I'll buy necessities.

0:38:50.480 --> 0:38:51.120
<v Speaker 3>Ernest, what's up.

0:38:51.200 --> 0:38:53.680
<v Speaker 6>You ever walk into a small business and everything just

0:38:53.840 --> 0:38:57.000
<v Speaker 6>works like the checkout is fast, the receipts are digital,

0:38:57.560 --> 0:39:00.520
<v Speaker 6>tipping is a breeze, and you're out the door before

0:39:00.560 --> 0:39:04.680
<v Speaker 6>the line even builds odds are they're using Square. We

0:39:04.840 --> 0:39:07.400
<v Speaker 6>love supporting businesses that run on Square because it just

0:39:07.440 --> 0:39:10.680
<v Speaker 6>feels seamless. Whether it's a local coffee shop, a vendor

0:39:10.719 --> 0:39:12.960
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0:39:13.040 --> 0:39:16.680
<v Speaker 6>merch partners, Square makes it easy for them to take payments,

0:39:16.920 --> 0:39:20.640
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0:39:20.719 --> 0:39:24.120
<v Speaker 6>one simple system. If you're a business owner or even

0:39:24.200 --> 0:39:27.719
<v Speaker 6>just thinking about launching something soon, Square is hands down

0:39:27.760 --> 0:39:30.840
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0:39:31.040 --> 0:39:34.360
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<v Speaker 6>don't hesitate, let's Square handle the back end so you

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<v Speaker 6>can keep pushing your vision forward. This episode is brought

0:39:59.880 --> 0:40:01.880
<v Speaker 6>to you buy P and C Bank. A lot of

0:40:01.920 --> 0:40:05.480
<v Speaker 6>people think podcasts about work are boring, and sure they

0:40:05.560 --> 0:40:09.440
<v Speaker 6>definitely can be, But understanding a professionals routine shows us

0:40:09.440 --> 0:40:13.080
<v Speaker 6>how they achieve their success little by little, day after day.

0:40:14.080 --> 0:40:16.560
<v Speaker 6>It's like banking with P and C Bank. It might

0:40:16.680 --> 0:40:19.560
<v Speaker 6>seem boring the safe plan and make calculated decisions with

0:40:19.640 --> 0:40:22.640
<v Speaker 6>your bank, but keeping your money boring is what helps

0:40:22.680 --> 0:40:25.719
<v Speaker 6>you live or more happily fulfilled life. P and C

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<v Speaker 7>all you need, but.

0:41:39.640 --> 0:41:44.360
<v Speaker 2>Everything else on byastocks. So just walking. It's called a

0:41:44.440 --> 0:41:48.000
<v Speaker 2>ugmme a cone. It's a custolial com I use td amemoratory.

0:41:48.760 --> 0:41:50.680
<v Speaker 2>And all you're doing is just like opening up a

0:41:50.719 --> 0:41:53.879
<v Speaker 2>bank account and you'll just add your kid to it.

0:41:54.520 --> 0:41:58.880
<v Speaker 2>And what happens is you have actual control of the

0:41:59.080 --> 0:42:03.880
<v Speaker 2>cone until the kid is eighteen. Once the kid makes eighteen,

0:42:05.239 --> 0:42:09.719
<v Speaker 2>then they have control. My thing is simple, and so

0:42:09.760 --> 0:42:12.960
<v Speaker 2>this is how we shift the dynamics. Like this ownership

0:42:13.040 --> 0:42:17.600
<v Speaker 2>stuff is real powerful to me. My daughters three and

0:42:18.320 --> 0:42:22.919
<v Speaker 2>I invest money for her monthly weekly Right right now,

0:42:23.000 --> 0:42:24.840
<v Speaker 2>my daughter at three can tell you what assets and

0:42:24.880 --> 0:42:27.600
<v Speaker 2>liabilities are. These is a conversation that we have right

0:42:28.239 --> 0:42:30.000
<v Speaker 2>she knows, I say, what dividends come from.

0:42:30.000 --> 0:42:32.319
<v Speaker 3>She'll say, dividends come from Shell. She'll say that.

0:42:33.160 --> 0:42:38.399
<v Speaker 2>By the time she's eighteen, she will already be six

0:42:38.480 --> 0:42:45.400
<v Speaker 2>figures her own network. That's powerful. That's a whole nother dynamic.

0:42:45.480 --> 0:42:50.040
<v Speaker 2>We've put her in position to have privileged opportunities.

0:42:50.640 --> 0:42:50.879
<v Speaker 6>Right.

0:42:51.960 --> 0:42:59.919
<v Speaker 2>Also, we've now established to her the importance of ownership. Right,

0:43:00.080 --> 0:43:01.560
<v Speaker 2>So what happened with us when we was kids? I

0:43:01.600 --> 0:43:03.880
<v Speaker 2>don't know about y'all. When I was kids, money was

0:43:03.920 --> 0:43:06.120
<v Speaker 2>always scarce, Like we ain't going no money for that.

0:43:06.200 --> 0:43:11.239
<v Speaker 2>We got bills, right, you know? But now at three,

0:43:12.200 --> 0:43:15.440
<v Speaker 2>she can talk to me about Disney stuff, you know

0:43:15.480 --> 0:43:16.000
<v Speaker 2>what I'm saying.

0:43:16.480 --> 0:43:17.480
<v Speaker 3>So for me, that's what I do.

0:43:17.600 --> 0:43:20.000
<v Speaker 2>Everything we do right now, her account, I think she

0:43:20.080 --> 0:43:22.319
<v Speaker 2>had like fifty five hundred because I've been buying these

0:43:22.360 --> 0:43:24.279
<v Speaker 2>weed stocks since they've been on sale, and I bought

0:43:24.360 --> 0:43:24.799
<v Speaker 2>some for her.

0:43:25.880 --> 0:43:26.600
<v Speaker 3>Can it be growth?

0:43:27.400 --> 0:43:29.120
<v Speaker 6>What was the name of the account at the bank,

0:43:30.000 --> 0:43:31.080
<v Speaker 6>the type of account.

0:43:30.920 --> 0:43:33.400
<v Speaker 2>It's called a custodio account, But when you look it

0:43:33.440 --> 0:43:35.520
<v Speaker 2>up on the TD Amelitrade, it's goning to be called U.

0:43:35.600 --> 0:43:36.040
<v Speaker 3>G and me.

0:43:36.280 --> 0:43:38.320
<v Speaker 6>Can it go through? I know you said TD Melitrade,

0:43:38.320 --> 0:43:40.359
<v Speaker 6>but through? Is it all but through other banks as well.

0:43:40.440 --> 0:43:45.400
<v Speaker 2>Well, I went through you can go through Fidelity Charles Swab.

0:43:45.880 --> 0:43:49.239
<v Speaker 4>Most of them have yeah, and have accounts.

0:43:49.320 --> 0:43:51.480
<v Speaker 5>They have five twenty nine, which is a college savings

0:43:51.480 --> 0:43:52.600
<v Speaker 5>plan a couple of different ways.

0:43:52.719 --> 0:43:54.800
<v Speaker 2>I don't like the five twenty non why not because

0:43:54.840 --> 0:43:58.640
<v Speaker 2>it's boxed in, it's Boxton just you have to use vocal.

0:43:58.880 --> 0:44:01.040
<v Speaker 5>Well they actually change with the new tax law and

0:44:01.080 --> 0:44:02.840
<v Speaker 5>now you can any form of education.

0:44:03.040 --> 0:44:06.560
<v Speaker 4>Okay, it's yeah, yeah, yeah, yeah, you get penalized.

0:44:06.719 --> 0:44:10.200
<v Speaker 2>And so with the with the custodia account she used

0:44:10.239 --> 0:44:12.640
<v Speaker 2>for whatever she wants at eighteen.

0:44:12.920 --> 0:44:14.680
<v Speaker 3>So that's why it's good for you. Now you can

0:44:14.719 --> 0:44:15.640
<v Speaker 3>build that conversation.

0:44:16.280 --> 0:44:18.160
<v Speaker 2>That's why it's good for us to learn how to invest,

0:44:18.880 --> 0:44:21.399
<v Speaker 2>because our kids are going to do what they see

0:44:21.480 --> 0:44:24.279
<v Speaker 2>us doing. That's just a natural fact. We all are

0:44:24.320 --> 0:44:25.760
<v Speaker 2>creatures of our environment.

0:44:26.040 --> 0:44:27.479
<v Speaker 3>It is what it is.

0:44:27.840 --> 0:44:29.759
<v Speaker 2>So we start having these conversations with them at a

0:44:29.760 --> 0:44:32.319
<v Speaker 2>young age. Like her favorite book right now is a

0:44:32.320 --> 0:44:35.680
<v Speaker 2>book called The Evolution of Money. Right, She'd be like that,

0:44:35.840 --> 0:44:37.319
<v Speaker 2>let's read the Evolution of Money, right and.

0:44:38.120 --> 0:44:41.439
<v Speaker 3>Three you know what I'm trying to read, yeah, yeah,

0:44:41.840 --> 0:44:43.960
<v Speaker 3>trying to figure out we walked.

0:44:43.719 --> 0:44:49.759
<v Speaker 6>Through this as a parent, I'm in educator. My son

0:44:49.880 --> 0:44:52.800
<v Speaker 6>is thest five and just learn how to read what.

0:44:52.600 --> 0:44:55.080
<v Speaker 2>I mean, she reads, she she I'll say this, she

0:44:55.200 --> 0:44:58.160
<v Speaker 2>identifies words, all right, Okay, so I'm not gonna say

0:44:58.160 --> 0:44:59.600
<v Speaker 2>like she likes that's fair.

0:44:59.680 --> 0:45:03.680
<v Speaker 3>Yeah, I'm gonna say like she on some dougie she

0:45:03.840 --> 0:45:04.840
<v Speaker 3>identifies words.

0:45:04.920 --> 0:45:06.640
<v Speaker 5>Now, But that's e stremely be powerful, like you said,

0:45:06.640 --> 0:45:09.399
<v Speaker 5>because the parents have to leave it by example. If

0:45:09.400 --> 0:45:11.359
<v Speaker 5>you don't have an example for your kids, then they're

0:45:11.360 --> 0:45:14.799
<v Speaker 5>going to get the example just from pop culture music,

0:45:14.880 --> 0:45:17.640
<v Speaker 5>the world streams, you know what I mean. So it's

0:45:17.680 --> 0:45:21.440
<v Speaker 5>extremely important. And like I said, it's just seeing different

0:45:21.960 --> 0:45:25.040
<v Speaker 5>people in different conversations and it's like that's one of

0:45:25.040 --> 0:45:28.040
<v Speaker 5>the cool things about this podcast. It's like we have

0:45:28.160 --> 0:45:33.080
<v Speaker 5>these conversations and if it's like we could be like

0:45:33.160 --> 0:45:35.319
<v Speaker 5>people on the basketball court or you know what I mean, like,

0:45:35.440 --> 0:45:38.120
<v Speaker 5>but we're actually talking about things that are really important,

0:45:38.560 --> 0:45:39.280
<v Speaker 5>you know what I'm saying.

0:45:39.600 --> 0:45:40.239
<v Speaker 4>So it's like a.

0:45:40.200 --> 0:45:43.080
<v Speaker 5>Cool feel because it's not stuck up, it's not fake,

0:45:43.120 --> 0:45:45.880
<v Speaker 5>it's not phony, it's natural and a lot of times

0:45:45.920 --> 0:45:48.560
<v Speaker 5>until people feel like they have to like dumb themselves

0:45:48.560 --> 0:45:52.759
<v Speaker 5>down to be accepted or you can't. You gotta watch

0:45:52.760 --> 0:45:55.200
<v Speaker 5>how you speak because you don't want to sound too intelligent.

0:45:56.000 --> 0:46:00.600
<v Speaker 5>These things is real. I'm glad that that. I think

0:46:00.640 --> 0:46:02.480
<v Speaker 5>that the tide is starting to turn on.

0:46:02.480 --> 0:46:03.000
<v Speaker 4>That it is.

0:46:04.000 --> 0:46:08.759
<v Speaker 2>I actually like I love the the temperature that's going

0:46:08.800 --> 0:46:10.279
<v Speaker 2>on right now, just.

0:46:10.280 --> 0:46:12.759
<v Speaker 3>With even with you all. You know, I'm like, bro,

0:46:12.880 --> 0:46:14.799
<v Speaker 3>like y'all, y'all shifting the culture with this.

0:46:15.200 --> 0:46:18.359
<v Speaker 2>I appreciate it, you know what I'm saying, because there

0:46:18.360 --> 0:46:21.760
<v Speaker 2>are a lot of podcasts out there right everybody. Everybody

0:46:21.800 --> 0:46:26.600
<v Speaker 2>has something to say, right, Everybody has something to say,

0:46:26.600 --> 0:46:28.759
<v Speaker 2>and they want to say it in their own unique way.

0:46:30.280 --> 0:46:33.839
<v Speaker 3>What I love about y'all have is however.

0:46:33.560 --> 0:46:37.040
<v Speaker 2>You're gonna come speak speak it fact you feel what

0:46:37.040 --> 0:46:40.080
<v Speaker 2>I'm saying Like, there is no Hey, we can't like

0:46:40.120 --> 0:46:43.440
<v Speaker 2>whatever you want to speak about, but it's all about

0:46:44.160 --> 0:46:47.520
<v Speaker 2>the improvement of the culture. As far as you know

0:46:47.600 --> 0:46:50.520
<v Speaker 2>financial literacy, and I didn't know you was in the finance.

0:46:50.320 --> 0:46:53.239
<v Speaker 6>Bro, so that's a whole nother life next right to

0:46:53.440 --> 0:46:57.400
<v Speaker 6>the ownership ownership right, nobody's telling us make sure y'all

0:46:57.480 --> 0:47:02.000
<v Speaker 6>cover this, yo. We're gonna put the cameras werena speaking,

0:47:02.200 --> 0:47:03.480
<v Speaker 6>right it's problem, man.

0:47:03.840 --> 0:47:05.000
<v Speaker 3>I remember you posted something.

0:47:05.440 --> 0:47:09.360
<v Speaker 2>You said something about ownership, something to be posted like recently.

0:47:09.560 --> 0:47:13.000
<v Speaker 3>And I love when you post certain stuff because I

0:47:13.040 --> 0:47:14.480
<v Speaker 3>can come in there and just go harder.

0:47:15.360 --> 0:47:18.560
<v Speaker 2>Right, I'll be like, come on, man with it. So,

0:47:18.800 --> 0:47:23.080
<v Speaker 2>and somebody complained about you talk. It was about taxes,

0:47:24.480 --> 0:47:28.799
<v Speaker 2>and I said, the problem is that because somebody said,

0:47:28.800 --> 0:47:33.200
<v Speaker 2>why don't they teach the people? Yeah, And so I

0:47:33.280 --> 0:47:37.320
<v Speaker 2>was like, yo, why would they teach us this in school?

0:47:38.080 --> 0:47:40.960
<v Speaker 2>It's not that they should teach us. Why would they?

0:47:41.960 --> 0:47:42.120
<v Speaker 5>Right?

0:47:43.280 --> 0:47:46.839
<v Speaker 3>So this is a dope analogy that I always use.

0:47:47.920 --> 0:47:50.640
<v Speaker 2>So we know that the lion is at the top

0:47:50.680 --> 0:47:53.239
<v Speaker 2>of the food chain, right, So he's not the king

0:47:53.280 --> 0:47:55.240
<v Speaker 2>of the jungle, like we feel like that's some bullshit,

0:47:55.320 --> 0:47:56.000
<v Speaker 2>right so.

0:47:56.080 --> 0:47:57.359
<v Speaker 3>Faris I'm not gonna say that ship.

0:47:58.280 --> 0:48:01.920
<v Speaker 2>But he's at the top of the food chain. The

0:48:02.040 --> 0:48:08.880
<v Speaker 2>lion cannot tell the zebra, the impiler, or the water

0:48:08.920 --> 0:48:10.000
<v Speaker 2>buffalo how.

0:48:09.840 --> 0:48:12.120
<v Speaker 3>To get away. He can't.

0:48:12.719 --> 0:48:14.960
<v Speaker 2>If I tell you how to get away? What do

0:48:15.040 --> 0:48:19.200
<v Speaker 2>I eat? What do I eat? Either I become a

0:48:19.280 --> 0:48:20.799
<v Speaker 2>vegetarian or.

0:48:20.800 --> 0:48:22.279
<v Speaker 3>I eat my own kind?

0:48:23.320 --> 0:48:27.400
<v Speaker 2>Right, So he can't and if he did, they would

0:48:27.400 --> 0:48:31.440
<v Speaker 2>tell one another how to get away. Same thing with

0:48:31.520 --> 0:48:37.440
<v Speaker 2>this the upper echelon or the financial predators.

0:48:37.840 --> 0:48:39.879
<v Speaker 3>We are the financial prey.

0:48:40.800 --> 0:48:42.600
<v Speaker 2>I can't teach you how to get away, but if

0:48:42.640 --> 0:48:44.520
<v Speaker 2>you learn, I can't stop you.

0:48:46.160 --> 0:48:46.960
<v Speaker 3>I can't stop you.

0:48:47.960 --> 0:48:53.279
<v Speaker 2>Wealthy people don't make wealthy people rich. Poor people do, right,

0:48:53.680 --> 0:48:55.360
<v Speaker 2>because we have no relationship with money.

0:48:56.480 --> 0:48:58.600
<v Speaker 3>So I can't teach you how to get away. Then

0:48:58.800 --> 0:48:59.360
<v Speaker 3>what I'm gonna do.

0:48:59.360 --> 0:49:01.360
<v Speaker 2>But I'm gonna teach my kids how to be predators.

0:49:01.360 --> 0:49:03.160
<v Speaker 2>And I'm teaching my daughter how to be a predator,

0:49:03.320 --> 0:49:06.759
<v Speaker 2>not on people, but just how to have ownership.

0:49:06.880 --> 0:49:08.080
<v Speaker 3>They can't teach you that in school.

0:49:08.400 --> 0:49:11.600
<v Speaker 4>What they Yeah, it's like, yeah, that's what.

0:49:11.640 --> 0:49:13.879
<v Speaker 5>That's what the five percenters say, like eighty five percent

0:49:14.200 --> 0:49:16.520
<v Speaker 5>by ten percent, which is like the bloodsuckers are the

0:49:16.560 --> 0:49:19.920
<v Speaker 5>poor the five percent of the poor, right is teachers teach,

0:49:20.040 --> 0:49:26.200
<v Speaker 5>but we're not poor. But facts were gonna liberate that.

0:49:26.239 --> 0:49:28.439
<v Speaker 5>We're gonna take the poor part out, liberate that because

0:49:28.880 --> 0:49:32.120
<v Speaker 5>we're gonna be even pay the full like that, you know,

0:49:32.560 --> 0:49:34.879
<v Speaker 5>because yeah, we're gonna We're gonna liberate the people from

0:49:34.880 --> 0:49:35.839
<v Speaker 5>the bloodsuckers of the.

0:49:35.760 --> 0:49:37.520
<v Speaker 6>Poor here for the facts.

0:49:37.640 --> 0:49:38.359
<v Speaker 3>Appreciate that.

0:49:38.520 --> 0:49:40.560
<v Speaker 6>Can we just talk about investing in ETFs. Let's talk

0:49:40.600 --> 0:49:43.719
<v Speaker 6>about so explain. Can you explain what the ETF is

0:49:43.840 --> 0:49:45.240
<v Speaker 6>and then how to be invested.

0:49:45.560 --> 0:49:48.959
<v Speaker 3>So ETF is an exchange traded fund, So.

0:49:48.840 --> 0:49:51.480
<v Speaker 2>It's basically this is this is so all my people

0:49:51.520 --> 0:49:53.640
<v Speaker 2>tell me, like, I just had the dopest analogies. Bro,

0:49:53.719 --> 0:49:54.960
<v Speaker 2>Like I come up with them because I love to

0:49:54.960 --> 0:49:57.600
<v Speaker 2>relate to people. Right, So ETF is like saying this

0:49:57.680 --> 0:50:01.120
<v Speaker 2>without even getting technical. Let's say you're going walm Right,

0:50:01.880 --> 0:50:04.160
<v Speaker 2>you go on Walmart and you don't know what you

0:50:04.160 --> 0:50:06.440
<v Speaker 2>want to buy, so you buy the whole store.

0:50:07.120 --> 0:50:09.000
<v Speaker 3>That's an index fund.

0:50:09.880 --> 0:50:11.840
<v Speaker 2>Let's say you go to Walmart and you want to

0:50:11.880 --> 0:50:15.600
<v Speaker 2>buy a specific kind of pop tarts, right, So you

0:50:15.640 --> 0:50:17.719
<v Speaker 2>go to the pop tart oil and you see so

0:50:17.800 --> 0:50:19.080
<v Speaker 2>many flavors of pop tarts.

0:50:19.080 --> 0:50:20.600
<v Speaker 3>You're like, you know what, I just want this whole

0:50:20.640 --> 0:50:23.080
<v Speaker 3>out of pop tarts. So you buy the whole out

0:50:23.120 --> 0:50:27.000
<v Speaker 3>of pop tarts. That's the ETF. Doesn't make sense. So

0:50:27.040 --> 0:50:28.000
<v Speaker 3>what the ETF is.

0:50:28.440 --> 0:50:31.520
<v Speaker 2>It's a group of businesses that operate the same or

0:50:31.560 --> 0:50:35.440
<v Speaker 2>sell similar products. Example, you want to invest in marijuana,

0:50:35.760 --> 0:50:38.160
<v Speaker 2>but you don't know which marijuana stock to buy. You

0:50:38.239 --> 0:50:41.960
<v Speaker 2>buy either a marijuana ETF called YOLO or you buy

0:50:42.120 --> 0:50:43.799
<v Speaker 2>MJ And now at this point you have.

0:50:43.800 --> 0:50:47.040
<v Speaker 6>All the marijuana stocks, they're all inside that's the ETFTCHA.

0:50:47.120 --> 0:50:50.600
<v Speaker 2>A trick to that is this, you can buy ETF

0:50:51.560 --> 0:50:53.839
<v Speaker 2>and because they've already done the homework, because they're gonna

0:50:53.840 --> 0:50:56.279
<v Speaker 2>have the best performance stocks in the ETF. At that point,

0:50:56.320 --> 0:50:59.560
<v Speaker 2>you can see you can go to what's called ETF dB,

0:50:59.760 --> 0:51:00.960
<v Speaker 2>which ETF database.

0:51:00.960 --> 0:51:03.200
<v Speaker 3>I'm giving y'all some game right quick. Like, you go to.

0:51:03.239 --> 0:51:06.560
<v Speaker 2>ETF database, you put that ETF in and they'll tell

0:51:06.600 --> 0:51:10.240
<v Speaker 2>you every ETF that's in the ETF, and then they'll

0:51:10.280 --> 0:51:13.360
<v Speaker 2>tell you how much of a percentage of that ETF

0:51:13.880 --> 0:51:17.719
<v Speaker 2>is holding that business. So it'll say this ETF has

0:51:18.480 --> 0:51:21.239
<v Speaker 2>fifteen percent of cannopy growth. That mean for every dollar

0:51:21.280 --> 0:51:23.000
<v Speaker 2>you put enough, fifteen percent of that is going to

0:51:23.000 --> 0:51:26.000
<v Speaker 2>cannopy growth. It may have ten percent of uror cannabis.

0:51:26.000 --> 0:51:29.120
<v Speaker 2>They may have five percent of chromes. So you can

0:51:29.120 --> 0:51:31.560
<v Speaker 2>literally say, Okay, I don't want do the homework. I

0:51:31.600 --> 0:51:33.960
<v Speaker 2>want to be lazy. I'll go to the ETF, see

0:51:33.960 --> 0:51:35.880
<v Speaker 2>what's one they hold, and just pick the top companies

0:51:35.880 --> 0:51:38.040
<v Speaker 2>in the ETF. And at that point you went Now

0:51:38.040 --> 0:51:40.040
<v Speaker 2>you don't know the value of it. That's that's what

0:51:40.080 --> 0:51:42.440
<v Speaker 2>I teach people about value, how to value it. But

0:51:42.440 --> 0:51:44.080
<v Speaker 2>if you just want to be a lazy investor, you

0:51:44.080 --> 0:51:46.000
<v Speaker 2>can all you can just do that because ETF is

0:51:46.000 --> 0:51:49.200
<v Speaker 2>gonna have the top performing businesses in that sector inside

0:51:49.200 --> 0:51:50.160
<v Speaker 2>the ETF and you.

0:51:50.000 --> 0:51:52.920
<v Speaker 4>Just picked that and indexed funds.

0:51:53.160 --> 0:51:56.440
<v Speaker 2>So index funds would be you buying a whole market.

0:51:56.719 --> 0:52:00.919
<v Speaker 2>Now they are broken down different ways. So you can

0:52:00.960 --> 0:52:04.960
<v Speaker 2>buy the doll Jones, you can buy the S and

0:52:04.960 --> 0:52:07.000
<v Speaker 2>P five hundred, these are index.

0:52:06.680 --> 0:52:07.359
<v Speaker 6>And as well.

0:52:07.440 --> 0:52:09.040
<v Speaker 2>Yeah, you can buy a Nastak, you can buy the

0:52:09.080 --> 0:52:11.759
<v Speaker 2>rust of two thousand, which are the full majors.

0:52:12.440 --> 0:52:14.000
<v Speaker 3>Then you can break it.

0:52:14.000 --> 0:52:16.239
<v Speaker 2>Down and say, okay, I just want to get a

0:52:16.360 --> 0:52:17.640
<v Speaker 2>large cap ETF.

0:52:17.719 --> 0:52:19.400
<v Speaker 3>So that's all.

0:52:19.320 --> 0:52:24.960
<v Speaker 2>Businesses that have one billion, two billion are better, right,

0:52:25.040 --> 0:52:26.719
<v Speaker 2>so every business in here is going to be two

0:52:26.760 --> 0:52:29.400
<v Speaker 2>billion dollars or better ten billion. I'm sorry, ten billion

0:52:29.440 --> 0:52:32.600
<v Speaker 2>are better. Then you can buy a mid cap, which

0:52:33.040 --> 0:52:35.680
<v Speaker 2>businesses that stop at two billion. And then you can

0:52:35.719 --> 0:52:38.520
<v Speaker 2>buy a small cap, which is businesses under two billion,

0:52:39.280 --> 0:52:41.759
<v Speaker 2>two billion dollars worth under two billion dollars market cap.

0:52:41.920 --> 0:52:45.920
<v Speaker 5>Yeah, the market cap, so market capitalization, that's kind of

0:52:45.920 --> 0:52:49.080
<v Speaker 5>how they categorize stop. Yeah, And I always like the

0:52:49.160 --> 0:52:52.400
<v Speaker 5>analogy that I use. It's like you have giant cap,

0:52:52.560 --> 0:52:55.400
<v Speaker 5>large cap, those who are like, you know, giant.

0:52:55.200 --> 0:52:57.319
<v Speaker 3>Companies one hundred billions are better. Yeah.

0:52:57.400 --> 0:53:00.080
<v Speaker 5>Then you have you know, mid cap. Then you have

0:53:00.080 --> 0:53:02.279
<v Speaker 5>a small cap, and you have micro cap. So the

0:53:02.320 --> 0:53:06.080
<v Speaker 5>thing is that usually, and correct me if I'm wrong,

0:53:06.520 --> 0:53:09.560
<v Speaker 5>the larger to cap, the less volatile. Like it's almost

0:53:09.600 --> 0:53:12.399
<v Speaker 5>impossible for Apple to just fall apart overnight. It's they're

0:53:12.440 --> 0:53:14.680
<v Speaker 5>also not going to quad duple over night either, where

0:53:14.880 --> 0:53:18.160
<v Speaker 5>a smaller company, good news can send their stocks skyrocketing,

0:53:18.480 --> 0:53:20.319
<v Speaker 5>but then bad news can bankrupt them.

0:53:20.440 --> 0:53:23.399
<v Speaker 4>So it's kind of like a speedboat and.

0:53:23.360 --> 0:53:25.160
<v Speaker 6>A cruise ship, like a wee work situation.

0:53:26.920 --> 0:53:29.640
<v Speaker 4>We gotta talk about we work, talk about work.

0:53:30.239 --> 0:53:34.480
<v Speaker 2>But that's called beta. What you're talking about the volatility.

0:53:34.680 --> 0:53:36.319
<v Speaker 2>So if you're gonna invest in the stock, you can

0:53:36.360 --> 0:53:38.799
<v Speaker 2>look at the beta of it. A low beta means

0:53:38.840 --> 0:53:42.000
<v Speaker 2>it is not volatile. A high beta means like Tesla,

0:53:42.120 --> 0:53:44.320
<v Speaker 2>high beta, high risk, high reward.

0:53:45.000 --> 0:53:45.239
<v Speaker 6>Right.

0:53:45.320 --> 0:53:50.680
<v Speaker 2>But McDonald's probably a beta of zero point nine, right,

0:53:50.719 --> 0:53:52.880
<v Speaker 2>So it's not gonna you know, it's not like you're

0:53:52.880 --> 0:53:54.600
<v Speaker 2>not about the week up to dam McDonald's is at

0:53:54.640 --> 0:53:57.120
<v Speaker 2>two thirty and tomorrow tomorrow is at one fifty.

0:53:57.160 --> 0:53:59.640
<v Speaker 3>That's not by app. But with Tesla you're a wake

0:53:59.719 --> 0:54:02.239
<v Speaker 3>up to is that to fifty tomorrow you can wake up?

0:54:02.320 --> 0:54:06.840
<v Speaker 3>Is that one eighty? Easy? Right? So high beta in

0:54:06.880 --> 0:54:08.440
<v Speaker 3>the market cap is just simply this.

0:54:09.120 --> 0:54:12.319
<v Speaker 2>If I have ten shares of my business on the

0:54:12.320 --> 0:54:15.640
<v Speaker 2>stock market, and there were ten dollars a share at

0:54:15.640 --> 0:54:18.440
<v Speaker 2>that point, I have one hundred dollars market cap. So

0:54:18.480 --> 0:54:21.200
<v Speaker 2>it's how many outstanding shares on the market times of

0:54:21.239 --> 0:54:23.040
<v Speaker 2>stock price, that's how much.

0:54:23.120 --> 0:54:25.279
<v Speaker 3>That's how you can tell what the market cap is

0:54:25.280 --> 0:54:25.840
<v Speaker 3>of a business.

0:54:25.840 --> 0:54:27.320
<v Speaker 4>Can we talk about that? We work situation.

0:54:27.480 --> 0:54:28.239
<v Speaker 3>Let's talk about it.

0:54:28.400 --> 0:54:32.120
<v Speaker 5>So if anybody's not familiar, we worked was the talk

0:54:32.160 --> 0:54:34.920
<v Speaker 5>of Wall Street. Right, it was IPO. They were the

0:54:34.960 --> 0:54:36.320
<v Speaker 5>most valuable.

0:54:36.800 --> 0:54:38.960
<v Speaker 3>Forty five billion, coming in at forty.

0:54:38.719 --> 0:54:40.440
<v Speaker 4>Five something.

0:54:41.560 --> 0:54:45.560
<v Speaker 5>And they fell apart and now they had to withdraw

0:54:45.960 --> 0:54:50.279
<v Speaker 5>their IPO. The CEO got fired, step down, step down,

0:54:50.680 --> 0:54:55.240
<v Speaker 5>he lost his billionaire status. Yes, so today in a day,

0:54:55.920 --> 0:54:57.600
<v Speaker 5>So a lot of times people see these stories they

0:54:57.640 --> 0:54:59.480
<v Speaker 5>don't fully understand, like how is this possible?

0:54:59.560 --> 0:55:00.880
<v Speaker 4>Like what's your take on that?

0:55:01.400 --> 0:55:04.959
<v Speaker 2>Well, so shout my people house hunder two one six.

0:55:05.680 --> 0:55:08.520
<v Speaker 2>She had me one day, cousin Nita, she hit me

0:55:08.520 --> 0:55:08.799
<v Speaker 2>and she.

0:55:08.840 --> 0:55:12.840
<v Speaker 3>Was like, travel my heart right there. She hit me

0:55:12.880 --> 0:55:13.160
<v Speaker 3>up on that.

0:55:13.280 --> 0:55:15.799
<v Speaker 2>She was like, trapper, man, I won't invest in we

0:55:15.800 --> 0:55:17.000
<v Speaker 2>were I said, oh no, you not.

0:55:18.920 --> 0:55:20.640
<v Speaker 3>Know you not? She was like why.

0:55:20.760 --> 0:55:23.600
<v Speaker 2>I was like, man, these people don't make money. So

0:55:23.640 --> 0:55:25.440
<v Speaker 2>one of the things I love about the stock market

0:55:25.520 --> 0:55:28.520
<v Speaker 2>is it literally teaches you how to be a businessman

0:55:29.080 --> 0:55:33.200
<v Speaker 2>or a woman because you look at businesses all day. Right,

0:55:33.960 --> 0:55:37.799
<v Speaker 2>so they're not profitable. Well, a lot of companies aren't

0:55:37.920 --> 0:55:43.239
<v Speaker 2>finished off, so they aren't profitable and they don't have

0:55:43.440 --> 0:55:46.480
<v Speaker 2>the revenue to back it up. So like, not only

0:55:46.480 --> 0:55:49.279
<v Speaker 2>aren't they so you can actually not be profitable but

0:55:49.360 --> 0:55:52.360
<v Speaker 2>still have a lot of revenue Netflix, you know what

0:55:52.400 --> 0:55:56.319
<v Speaker 2>I'm saying. But Uber or Uber, but they aren't profitable

0:55:56.719 --> 0:55:59.960
<v Speaker 2>and they don't have the revenue coming in. And it's

0:56:01.400 --> 0:56:03.520
<v Speaker 2>so when I invest in the business, I look at this.

0:56:04.760 --> 0:56:08.960
<v Speaker 2>I always look at the inverse, meaning if something bad happens,

0:56:09.800 --> 0:56:12.120
<v Speaker 2>how likely is it for this stock to fall?

0:56:13.160 --> 0:56:14.920
<v Speaker 3>So we know we work it's based.

0:56:14.600 --> 0:56:18.600
<v Speaker 2>Off of entrepreneurial space, right, so they rent space to entrepreneurs.

0:56:19.200 --> 0:56:21.120
<v Speaker 2>So I looked at it like this, they already are

0:56:21.160 --> 0:56:25.560
<v Speaker 2>not profitable if something happens as far as recession wise,

0:56:27.080 --> 0:56:30.080
<v Speaker 2>when entrepreneurs rather come sit in the room at their

0:56:30.120 --> 0:56:32.520
<v Speaker 2>own house in the table and do work and not

0:56:32.600 --> 0:56:35.120
<v Speaker 2>pay that rent, or would they still pay that rent,

0:56:35.640 --> 0:56:37.920
<v Speaker 2>they probably would cut that rent out. So that business

0:56:37.960 --> 0:56:41.440
<v Speaker 2>model isn't to me. It wasn't something that has a

0:56:41.520 --> 0:56:42.759
<v Speaker 2>lot of longevity in it.

0:56:42.840 --> 0:56:43.160
<v Speaker 3>Now.

0:56:44.640 --> 0:56:48.200
<v Speaker 2>Dude was a bad seal with a great idea, though,

0:56:49.760 --> 0:56:53.239
<v Speaker 2>but when he got the bread, he just was on.

0:56:54.680 --> 0:56:58.879
<v Speaker 3>He was he was some party city woof of Wall

0:56:58.920 --> 0:57:05.960
<v Speaker 3>Street all the but I envisioned the lamb.

0:57:06.520 --> 0:57:09.560
<v Speaker 2>Yeah, he had a lot going on, and he didn't

0:57:09.600 --> 0:57:10.759
<v Speaker 2>want he didn't want up it.

0:57:11.120 --> 0:57:13.120
<v Speaker 3>But once, so this is the thing.

0:57:13.280 --> 0:57:16.080
<v Speaker 2>Once somebody who's a major investor said, Yo, I'm pulling

0:57:16.080 --> 0:57:20.560
<v Speaker 2>my bread soft bank, which is up. Once they're like,

0:57:20.680 --> 0:57:22.280
<v Speaker 2>I'm pulling my bread, you know, like do it on

0:57:22.280 --> 0:57:23.720
<v Speaker 2>the wrong level. He living his life wrong.

0:57:24.640 --> 0:57:29.440
<v Speaker 3>Now other major infestors are like, wait a minute, I'm

0:57:29.440 --> 0:57:31.720
<v Speaker 3>gonna pull my bread to even that ship.

0:57:31.840 --> 0:57:34.000
<v Speaker 2>Yeah, and so now the people nobody wants to get

0:57:34.000 --> 0:57:36.520
<v Speaker 2>stuck hold in the bag. So the next biggest thing

0:57:36.600 --> 0:57:39.200
<v Speaker 2>is do you gotta go. We don't want you to go,

0:57:39.240 --> 0:57:43.320
<v Speaker 2>but you gotta step down because we need another face, right,

0:57:43.480 --> 0:57:45.440
<v Speaker 2>And so he was stubborn for a while, like nah,

0:57:45.560 --> 0:57:48.320
<v Speaker 2>because he made the business. You know, it's harf you

0:57:48.400 --> 0:57:51.040
<v Speaker 2>let your baby go because even if you step down,

0:57:51.040 --> 0:57:51.560
<v Speaker 2>you know what's.

0:57:51.400 --> 0:57:54.120
<v Speaker 6>Coming next the ship be thinking.

0:57:56.240 --> 0:57:58.000
<v Speaker 2>So I just thought it was a bad business as

0:57:58.000 --> 0:58:00.680
<v Speaker 2>a whole out what you do sing about.

0:58:01.880 --> 0:58:05.640
<v Speaker 5>I think that it has potential because there's a lot

0:58:05.680 --> 0:58:12.760
<v Speaker 5>of coworking one yeahs like actually speaking back the night,

0:58:15.560 --> 0:58:19.000
<v Speaker 5>it's interesting what you said as far as economic downturn,

0:58:19.000 --> 0:58:20.760
<v Speaker 5>because I was gonna ask you about the recession or

0:58:20.840 --> 0:58:23.400
<v Speaker 5>people saying it's going to be a recession. It's interesting.

0:58:23.400 --> 0:58:25.600
<v Speaker 5>I never really thought about that from that standpoint. But

0:58:25.720 --> 0:58:27.640
<v Speaker 5>it makes a lot of sense as far as to say, Okay,

0:58:27.680 --> 0:58:30.000
<v Speaker 5>if if worst comes the worst, I'll just stay in

0:58:30.000 --> 0:58:33.040
<v Speaker 5>my living room. I don't have to you know, if

0:58:33.080 --> 0:58:34.640
<v Speaker 5>you go into off, you don't have to have an

0:58:34.680 --> 0:58:39.880
<v Speaker 5>office if you're doing that, because other than like holding meetings,

0:58:39.920 --> 0:58:42.200
<v Speaker 5>which you just pay zoom.

0:58:42.400 --> 0:58:45.840
<v Speaker 6>Yeah, it's just not sustainable, right, Like I might not

0:58:46.000 --> 0:58:49.120
<v Speaker 6>have meetings every day of every month.

0:58:49.800 --> 0:58:52.080
<v Speaker 5>I think people are working differently now too. It's kind

0:58:52.120 --> 0:58:53.840
<v Speaker 5>of my old business model to actually go and like

0:58:53.880 --> 0:58:55.360
<v Speaker 5>I have an office I probably go to like once

0:58:55.400 --> 0:58:55.680
<v Speaker 5>a week.

0:58:55.760 --> 0:58:56.240
<v Speaker 6>Exactly.

0:58:56.960 --> 0:58:58.880
<v Speaker 4>You don't need to physically go into an.

0:58:58.760 --> 0:59:01.960
<v Speaker 6>Office and there once a week. You know what I'm saying, Like,

0:59:02.040 --> 0:59:02.600
<v Speaker 6>what's the point.

0:59:02.960 --> 0:59:05.000
<v Speaker 2>It's not you may go just to clear your mind.

0:59:06.080 --> 0:59:09.600
<v Speaker 2>I'm just going, yeah, let me go ahead, but you

0:59:09.600 --> 0:59:12.200
<v Speaker 2>don't need it. So that's what that's what I thought

0:59:12.200 --> 0:59:14.520
<v Speaker 2>about it. Now the bad part.

0:59:16.160 --> 0:59:19.040
<v Speaker 3>Some of some of them are actually profitable.

0:59:19.560 --> 0:59:21.800
<v Speaker 2>So at that point, the whole dynamic of the business

0:59:21.840 --> 0:59:24.960
<v Speaker 2>changes because if you're a profitable.

0:59:24.440 --> 0:59:27.120
<v Speaker 3>Business in an economic downturn.

0:59:27.200 --> 0:59:28.840
<v Speaker 2>So now we're gonna tap into something that's deeper called

0:59:28.880 --> 0:59:32.600
<v Speaker 2>free cast flow. Right, So this is the money that

0:59:32.640 --> 0:59:36.240
<v Speaker 2>a business has that's not attached to anything. After they

0:59:36.280 --> 0:59:38.520
<v Speaker 2>pay their bills and after they pay everything, they still

0:59:38.520 --> 0:59:40.600
<v Speaker 2>have this or Apple is like one of them has

0:59:40.640 --> 0:59:47.040
<v Speaker 2>the biggest, Like yo, they free cast was like crazy, it's.

0:59:46.880 --> 0:59:48.280
<v Speaker 3>Like one hundred and ninety billion.

0:59:49.080 --> 0:59:52.720
<v Speaker 2>So what happens is in case of an economic downturn,

0:59:54.000 --> 0:59:59.720
<v Speaker 2>they still have money to keep the business going. If

0:59:59.720 --> 1:00:02.080
<v Speaker 2>you are profitable business and you have a good free

1:00:02.080 --> 1:00:05.400
<v Speaker 2>cash flow, you can still sustain for a given amount

1:00:05.400 --> 1:00:08.560
<v Speaker 2>of time. But if you're negative all around the board,

1:00:08.840 --> 1:00:11.520
<v Speaker 2>you're gonna collapse. And so for me, that's something I

1:00:11.600 --> 1:00:13.800
<v Speaker 2>look for in a business. I need you to have

1:00:14.840 --> 1:00:19.880
<v Speaker 2>a mote, which is a competitive advantage, and I need

1:00:19.920 --> 1:00:22.480
<v Speaker 2>you to have a good like free cash flow.

1:00:22.520 --> 1:00:23.560
<v Speaker 3>I need that to be positive.

1:00:23.560 --> 1:00:24.800
<v Speaker 4>So when you look at a business, what are you

1:00:24.800 --> 1:00:27.600
<v Speaker 4>looking at? You're looking at their earning report? Do you like?

1:00:28.080 --> 1:00:30.520
<v Speaker 4>What do you what do you actually look and how

1:00:30.520 --> 1:00:31.680
<v Speaker 4>do you evaluate whether.

1:00:31.520 --> 1:00:34.240
<v Speaker 2>Your So I look for a few things like so

1:00:35.560 --> 1:00:36.840
<v Speaker 2>it's like me looking at a woman.

1:00:36.920 --> 1:00:38.520
<v Speaker 3>No, no to nobody.

1:00:38.400 --> 1:00:41.160
<v Speaker 6>Like, I don't want get the notepads out there, right,

1:00:41.320 --> 1:00:42.160
<v Speaker 6>So you.

1:00:42.560 --> 1:00:46.120
<v Speaker 2>Have what you look for, and then you have what's

1:00:46.200 --> 1:00:51.200
<v Speaker 2>there right, and then you ask yourself, how does this

1:00:51.240 --> 1:00:52.320
<v Speaker 2>fit to what I want?

1:00:53.120 --> 1:00:53.320
<v Speaker 6>Right?

1:00:53.360 --> 1:00:54.760
<v Speaker 3>So what I do is I look at The first

1:00:54.760 --> 1:00:55.560
<v Speaker 3>thing I look at is this.

1:00:55.640 --> 1:00:58.480
<v Speaker 2>I never look at the stock price because the stock

1:00:58.520 --> 1:01:01.200
<v Speaker 2>price is only based on how you and I feel

1:01:01.240 --> 1:01:04.240
<v Speaker 2>about it, right, So first thing I look at who

1:01:04.320 --> 1:01:06.400
<v Speaker 2>running a business? And I put this on my page

1:01:06.440 --> 1:01:09.919
<v Speaker 2>all the time. How a person runs a business tells

1:01:09.960 --> 1:01:13.720
<v Speaker 2>me a lot about the business. Because if you can't man,

1:01:13.760 --> 1:01:16.480
<v Speaker 2>if you can't run the business. I can't make no money.

1:01:16.880 --> 1:01:19.439
<v Speaker 2>So I'm gonna look at when did you get into

1:01:19.440 --> 1:01:22.760
<v Speaker 2>a position of the CEO, How did the business run

1:01:22.800 --> 1:01:25.520
<v Speaker 2>before you? And what have you done since you got

1:01:25.720 --> 1:01:29.000
<v Speaker 2>taken control of the business. That's first and foremost, So

1:01:29.080 --> 1:01:32.200
<v Speaker 2>I won't look at management first. The next thing I'm

1:01:32.200 --> 1:01:36.520
<v Speaker 2>gonna look at is do you have a competitive ad right? So,

1:01:36.640 --> 1:01:39.160
<v Speaker 2>like what makes you better than everybody else? What makes

1:01:39.200 --> 1:01:42.720
<v Speaker 2>you sustainable? So, for instance, if you bought Coca Cola,

1:01:43.720 --> 1:01:46.440
<v Speaker 2>so you have to ask yourself this. If you are

1:01:46.480 --> 1:01:51.200
<v Speaker 2>a retail business, what does your shelf domination look like?

1:01:52.280 --> 1:01:56.200
<v Speaker 2>How do you dominate the shells? So if you go

1:01:56.320 --> 1:02:00.920
<v Speaker 2>into sodas, Coca Cola dominates. But if you look at

1:02:00.920 --> 1:02:05.960
<v Speaker 2>the overall business, Pepsi does. Pepsi has more products. But

1:02:06.040 --> 1:02:11.520
<v Speaker 2>if you look in that sheer beverages, Coca Cola dominates.

1:02:12.320 --> 1:02:16.320
<v Speaker 2>Even when you go to a fast food store, they're

1:02:16.400 --> 1:02:18.160
<v Speaker 2>predominantly coke products.

1:02:19.480 --> 1:02:21.920
<v Speaker 4>One of those things where they coined the names like coke.

1:02:21.800 --> 1:02:27.920
<v Speaker 3>Coke, and Bingo. When your name becomes synonymous with something,

1:02:28.040 --> 1:02:29.080
<v Speaker 3>you have a competitive EDG.

1:02:29.120 --> 1:02:31.200
<v Speaker 6>We have that conversation. It's like bandid.

1:02:31.000 --> 1:02:35.680
<v Speaker 2>Bingo's It's like polo bingo, that style of shirts, even

1:02:35.720 --> 1:02:38.040
<v Speaker 2>if it's a cost shirt, it's a polo shirt exactly.

1:02:38.120 --> 1:02:40.800
<v Speaker 2>So I'm looking for that doable competitive edge. And now

1:02:40.840 --> 1:02:42.800
<v Speaker 2>we're going to tap into earnings. So I want to

1:02:42.840 --> 1:02:47.240
<v Speaker 2>see me, what have you done the last eight quarters?

1:02:48.120 --> 1:02:50.400
<v Speaker 2>Have you beat ernest the last eight quarters? Meaning have

1:02:50.520 --> 1:02:53.280
<v Speaker 2>you made profits the last eight quarters? And then I

1:02:53.320 --> 1:02:55.680
<v Speaker 2>want to look at your free cash flow. I want

1:02:55.680 --> 1:03:01.200
<v Speaker 2>to look at work in capital, which is current assets

1:03:01.640 --> 1:03:05.400
<v Speaker 2>and current liabilities meanings what you have in these next

1:03:05.400 --> 1:03:08.240
<v Speaker 2>twelve months. So something happening in the next twelve months,

1:03:08.720 --> 1:03:11.520
<v Speaker 2>is that money positive? If it's negative, we got an issue.

1:03:11.680 --> 1:03:14.480
<v Speaker 2>It's not bad, but we got an issue. If it's positive,

1:03:14.480 --> 1:03:15.560
<v Speaker 2>then I know you can hold it down.

1:03:15.600 --> 1:03:17.200
<v Speaker 3>It's like having money and sale accounty.

1:03:17.400 --> 1:03:19.760
<v Speaker 6>So when you're looking at all these things, are we

1:03:19.840 --> 1:03:22.520
<v Speaker 6>looking what are we looking through publications? Are we going

1:03:22.560 --> 1:03:23.280
<v Speaker 6>to a site like.

1:03:24.680 --> 1:03:27.880
<v Speaker 3>So face value.

1:03:27.920 --> 1:03:31.200
<v Speaker 2>You can go to Yahoo finance, just face value. You

1:03:31.240 --> 1:03:33.920
<v Speaker 2>go to Yahoo finance and you can do the numbers.

1:03:34.560 --> 1:03:37.120
<v Speaker 2>If you want to dig deep, you go to that

1:03:37.240 --> 1:03:41.600
<v Speaker 2>company's quarterly report an annual report. So what happens is

1:03:42.480 --> 1:03:44.520
<v Speaker 2>it's another thing like while I love the stock market,

1:03:45.000 --> 1:03:48.560
<v Speaker 2>if you're a public company, you have to tell.

1:03:48.360 --> 1:03:49.080
<v Speaker 3>People what you're doing.

1:03:49.080 --> 1:03:53.160
<v Speaker 2>Information has to be public, it has to be so

1:03:53.320 --> 1:03:55.320
<v Speaker 2>even your competitors get to see what you're doing.

1:03:56.080 --> 1:03:56.800
<v Speaker 3>So that's what I do.

1:03:56.920 --> 1:03:58.960
<v Speaker 2>Like if I like a business, I won't see what

1:03:59.000 --> 1:04:00.960
<v Speaker 2>the competitors doing, and I won't see how are you

1:04:01.040 --> 1:04:02.479
<v Speaker 2>at matching up to what they're doing?

1:04:02.520 --> 1:04:03.640
<v Speaker 3>Are you shifting that way?

1:04:04.520 --> 1:04:04.720
<v Speaker 6>Right?

1:04:04.800 --> 1:04:08.040
<v Speaker 2>So I won't see are they how are they move

1:04:08.080 --> 1:04:10.720
<v Speaker 2>into all the future? Because we know every two years

1:04:11.040 --> 1:04:12.320
<v Speaker 2>the business cycle changes.

1:04:12.680 --> 1:04:14.720
<v Speaker 6>That's why when you hear like on CNBC, it's like

1:04:14.760 --> 1:04:17.480
<v Speaker 6>all their quartery reports coming in every too.

1:04:17.920 --> 1:04:19.000
<v Speaker 3>Everybody has to do it.

1:04:19.240 --> 1:04:22.440
<v Speaker 2>And so if it's a dividend paying company, are you

1:04:22.520 --> 1:04:25.680
<v Speaker 2>increasing those? If you increase from those, that mean you

1:04:25.720 --> 1:04:30.320
<v Speaker 2>have some profitability because no business can consistently increase paying

1:04:30.400 --> 1:04:32.520
<v Speaker 2>me more money if they don't have money.

1:04:33.680 --> 1:04:36.440
<v Speaker 4>So education, Am I going to d right now?

1:04:36.280 --> 1:04:37.000
<v Speaker 6>No? Man?

1:04:39.000 --> 1:04:39.360
<v Speaker 4>Perfect?

1:04:39.480 --> 1:04:41.520
<v Speaker 5>So all right? So the education, right, you got to

1:04:41.520 --> 1:04:44.520
<v Speaker 5>on your own platform? So what what made you? What

1:04:44.640 --> 1:04:47.280
<v Speaker 5>made you want to want to do that and educate

1:04:47.320 --> 1:04:47.760
<v Speaker 5>other people?

1:04:48.240 --> 1:04:48.479
<v Speaker 3>Uh?

1:04:48.760 --> 1:04:49.920
<v Speaker 4>With knowlge that that you have.

1:04:51.160 --> 1:04:55.640
<v Speaker 3>So what happened for me was it got me out

1:04:55.680 --> 1:04:56.000
<v Speaker 3>the trap?

1:04:56.960 --> 1:05:04.160
<v Speaker 2>YEA literally like hustling. Stop selling weed, stopped robbing, stopped

1:05:04.160 --> 1:05:08.520
<v Speaker 2>selling coke. I started putting all my money in stock market.

1:05:08.800 --> 1:05:11.960
<v Speaker 3>And at that point I wasn't worrying about nobody shooting me.

1:05:12.440 --> 1:05:14.960
<v Speaker 3>I got shot. I shot twice in my leg, once in.

1:05:14.880 --> 1:05:20.040
<v Speaker 2>My ass, and I almost got kidnapped when I was fifteen,

1:05:20.520 --> 1:05:24.320
<v Speaker 2>Like I was halfway inside the trump. For me, it

1:05:24.440 --> 1:05:28.840
<v Speaker 2>was like, damn, I can make money doing this shit.

1:05:29.040 --> 1:05:32.440
<v Speaker 2>Excuse my naguage, and I ain't got to worry about nothing.

1:05:34.080 --> 1:05:37.520
<v Speaker 2>It was it was synonymous with hustling for me. So

1:05:37.960 --> 1:05:39.880
<v Speaker 2>that's another reason why I love it so much, is

1:05:39.920 --> 1:05:42.720
<v Speaker 2>because me actually breaking down a business.

1:05:42.760 --> 1:05:44.120
<v Speaker 3>It's like me breaking down a pack.

1:05:44.680 --> 1:05:47.400
<v Speaker 6>Yeah, that's like one of the things that I heard

1:05:47.440 --> 1:05:49.440
<v Speaker 6>you say and one of your videos was like, Yo,

1:05:49.680 --> 1:05:52.080
<v Speaker 6>this is comparable to the streets. I wish people would

1:05:52.080 --> 1:05:55.000
<v Speaker 6>have known. Yeah, this whole time, this is like comparable.

1:05:54.560 --> 1:05:59.520
<v Speaker 2>To they're the biggest gangsters. So once I learned that again,

1:05:59.600 --> 1:06:02.040
<v Speaker 2>my whole movement started. And this ain't nothing against nobody.

1:06:02.120 --> 1:06:04.280
<v Speaker 2>Shout out to all my trappers. That's rocking with me, right,

1:06:04.680 --> 1:06:09.040
<v Speaker 2>But my moving wasn't for everybody. I'm not for everybody.

1:06:09.720 --> 1:06:12.440
<v Speaker 2>I don't relate to everybody. Everybody won't relate to me,

1:06:12.600 --> 1:06:15.880
<v Speaker 2>and that's cool. I was straight for people from the

1:06:15.880 --> 1:06:20.440
<v Speaker 2>streets because I felt like I could teach you something

1:06:20.720 --> 1:06:23.200
<v Speaker 2>that nobody taught you, and I gave us the leverage.

1:06:24.200 --> 1:06:26.880
<v Speaker 2>And so a friend of mine was like, Yo, you

1:06:26.880 --> 1:06:29.160
<v Speaker 2>need to put that on like Instagram.

1:06:30.240 --> 1:06:31.960
<v Speaker 3>Now, mind you. Like I'm not even much.

1:06:32.000 --> 1:06:34.120
<v Speaker 2>I wasn't the Instagram person like, yo, I'm not about

1:06:34.120 --> 1:06:35.120
<v Speaker 2>to be taking these pictures.

1:06:34.840 --> 1:06:35.840
<v Speaker 3>Talking to these people like that.

1:06:35.920 --> 1:06:39.760
<v Speaker 2>But once I realized how powerful it was, like the

1:06:39.840 --> 1:06:42.600
<v Speaker 2>courage was like, yay, let's talk about it. And so

1:06:42.680 --> 1:06:46.000
<v Speaker 2>once people started telling me, yo, I'm investing in stocks

1:06:46.000 --> 1:06:48.680
<v Speaker 2>because of you, it was bigger than me at that

1:06:48.720 --> 1:06:52.959
<v Speaker 2>point and the greatest way for us to grow real talk.

1:06:53.480 --> 1:06:54.080
<v Speaker 3>I've learned this.

1:06:55.120 --> 1:06:58.400
<v Speaker 2>You'll get stagnant in your knowledge, even though you can learn,

1:06:58.440 --> 1:06:59.040
<v Speaker 2>you can read.

1:07:00.120 --> 1:07:01.920
<v Speaker 3>You learn more when you teach other people.

1:07:03.040 --> 1:07:06.720
<v Speaker 2>Absolutely, absolutely, you learn more when you teach other people.

1:07:07.080 --> 1:07:11.640
<v Speaker 2>And so people have unique questions and in order to

1:07:11.680 --> 1:07:15.120
<v Speaker 2>be a good teacher, you have to have these prolific answers,

1:07:15.160 --> 1:07:18.000
<v Speaker 2>but they have to make sense. So it makes you,

1:07:18.120 --> 1:07:19.520
<v Speaker 2>I don't want to say dumb it down, but it

1:07:19.560 --> 1:07:23.560
<v Speaker 2>makes you like dig deeple into your your mental forward

1:07:23.600 --> 1:07:24.439
<v Speaker 2>text and like.

1:07:24.840 --> 1:07:27.440
<v Speaker 3>How can I make this sound like apples and oranges?

1:07:28.240 --> 1:07:31.280
<v Speaker 6>Even if they're not grasping, Like how can I modify

1:07:31.320 --> 1:07:31.960
<v Speaker 6>it to make.

1:07:31.840 --> 1:07:33.360
<v Speaker 3>Sure that they get it?

1:07:33.480 --> 1:07:36.040
<v Speaker 6>Like when I first went into education, like they had

1:07:36.080 --> 1:07:38.280
<v Speaker 6>me teaching health, I never wanted to be in a

1:07:38.280 --> 1:07:41.960
<v Speaker 6>classroom straight and it was a challenge every day, Like

1:07:42.040 --> 1:07:44.120
<v Speaker 6>kids would come with questions and I'm like, damn, do

1:07:44.200 --> 1:07:45.440
<v Speaker 6>I really do I even.

1:07:45.240 --> 1:07:46.600
<v Speaker 3>Know this exactly appropriate?

1:07:46.760 --> 1:07:49.240
<v Speaker 6>Exactly I have to go learn now this exactly So

1:07:49.280 --> 1:07:51.720
<v Speaker 6>the next day I come all right, there you go.

1:07:51.960 --> 1:07:53.040
<v Speaker 3>So that's the best way.

1:07:53.240 --> 1:07:56.000
<v Speaker 4>So once that happened, So what do you So what

1:07:56.040 --> 1:08:00.080
<v Speaker 4>are you teaching people that you're working with?

1:08:00.240 --> 1:08:02.240
<v Speaker 5>Are you teaching them like step by step like how

1:08:02.240 --> 1:08:05.040
<v Speaker 5>to get into the game, how to evaluate stocks, like

1:08:05.080 --> 1:08:06.000
<v Speaker 5>all of the above.

1:08:06.120 --> 1:08:08.440
<v Speaker 2>So I actually have different I have different levels what

1:08:08.520 --> 1:08:11.120
<v Speaker 2>I get into, so I meet people at their level.

1:08:11.440 --> 1:08:14.920
<v Speaker 2>There is no like one size of his at So

1:08:15.000 --> 1:08:15.800
<v Speaker 2>I actually have.

1:08:17.880 --> 1:08:18.880
<v Speaker 3>I have three e books.

1:08:19.400 --> 1:08:21.280
<v Speaker 2>So the Wall Street Trap one on one, Wash Street

1:08:21.320 --> 1:08:23.280
<v Speaker 2>Trap one or two was shret Trap one O three.

1:08:24.840 --> 1:08:25.360
<v Speaker 6>Falling Away.

1:08:25.800 --> 1:08:27.639
<v Speaker 3>The name one of four is trapped doing numbers.

1:08:27.680 --> 1:08:31.800
<v Speaker 2>Moti supply the street dog motivation and I actually have

1:08:33.080 --> 1:08:35.839
<v Speaker 2>Trap of flash cards and.

1:08:35.880 --> 1:08:38.439
<v Speaker 3>This was a project that I used. I used them

1:08:38.479 --> 1:08:39.400
<v Speaker 3>on my daughter's mother.

1:08:40.479 --> 1:08:43.840
<v Speaker 2>I was like, look, teach her these It's been about

1:08:43.840 --> 1:08:46.759
<v Speaker 2>twenty minutes a day just teaching her these cards. It's digital,

1:08:47.439 --> 1:08:49.320
<v Speaker 2>and in about three months she was like, hey, I

1:08:49.320 --> 1:08:52.040
<v Speaker 2>won't open up an account. So at that point I

1:08:52.120 --> 1:08:55.120
<v Speaker 2>knew it was suitable for kids and adults, you know

1:08:55.160 --> 1:08:58.519
<v Speaker 2>what I'm saying. So one of my courses is called

1:08:58.600 --> 1:09:01.200
<v Speaker 2>Jumping off the Porch. Everything I do is related to

1:09:01.200 --> 1:09:03.640
<v Speaker 2>the streets. I was going to say, like everything you

1:09:03.800 --> 1:09:04.479
<v Speaker 2>do is.

1:09:04.400 --> 1:09:08.559
<v Speaker 6>Synonymous with street, right, like from even Wall Street Trap.

1:09:08.800 --> 1:09:12.800
<v Speaker 6>We et even get into obviously trapping. We know it is,

1:09:13.200 --> 1:09:16.040
<v Speaker 6>like you say, it is like synonymous with somebody doing

1:09:16.280 --> 1:09:19.519
<v Speaker 6>illegal things in the area. Wall Street is synonymous with

1:09:19.600 --> 1:09:22.519
<v Speaker 6>people who come from wealth. Right, So when you think that, like,

1:09:22.640 --> 1:09:26.080
<v Speaker 6>let's converse together and now like that's it. We're gonna

1:09:26.080 --> 1:09:26.519
<v Speaker 6>play on that.

1:09:26.560 --> 1:09:28.280
<v Speaker 2>And that was the name of the businesses from the

1:09:28.280 --> 1:09:31.000
<v Speaker 2>Trap of Wall Street. That's the name of my business.

1:09:32.600 --> 1:09:35.479
<v Speaker 2>So my first it's called Jumping off the Porch. And

1:09:35.520 --> 1:09:38.759
<v Speaker 2>what that does is we don't even talk about stocks

1:09:38.760 --> 1:09:42.080
<v Speaker 2>in there. I literally because one of the things is

1:09:42.080 --> 1:09:44.840
<v Speaker 2>people want to just jump into the stock market. You

1:09:44.880 --> 1:09:47.040
<v Speaker 2>can't jump into a fight if you don't have a strategy.

1:09:47.320 --> 1:09:49.679
<v Speaker 2>You don't have a game plan. So what the jumping

1:09:49.720 --> 1:09:52.920
<v Speaker 2>off the porch course is. We talk about finding your

1:09:52.960 --> 1:09:55.760
<v Speaker 2>style of investing. So I map out three or four

1:09:55.800 --> 1:09:59.519
<v Speaker 2>different styles of investing and you can figure out which

1:09:59.560 --> 1:10:03.479
<v Speaker 2>one fits you. Then we go into why equity is

1:10:03.520 --> 1:10:07.080
<v Speaker 2>better than cash, and then we go into three different

1:10:07.080 --> 1:10:11.240
<v Speaker 2>strategies that are real simple on how you can put

1:10:11.240 --> 1:10:14.599
<v Speaker 2>your portfolio together. So once you take that cause, now

1:10:14.680 --> 1:10:17.320
<v Speaker 2>you have an understanding of Okay, now I know how

1:10:17.320 --> 1:10:20.360
<v Speaker 2>to get in the game. You have a strategy. The

1:10:20.400 --> 1:10:23.080
<v Speaker 2>next thing I have is called Welcome to the trap.

1:10:23.200 --> 1:10:26.840
<v Speaker 2>That's the beginner's course. We just go with the basics,

1:10:27.200 --> 1:10:29.120
<v Speaker 2>how to stock market works, how to set up your

1:10:29.120 --> 1:10:32.479
<v Speaker 2>account in next funds, ETFs, things like that. We go

1:10:32.479 --> 1:10:34.519
<v Speaker 2>into some other things and then there's Wall Street trapping,

1:10:35.360 --> 1:10:39.080
<v Speaker 2>Wall Street trapping. We go through the basics and then

1:10:39.120 --> 1:10:42.360
<v Speaker 2>we tap into like what to research, how to research

1:10:42.360 --> 1:10:46.960
<v Speaker 2>a CEO, what activities are he doing that puts us

1:10:46.960 --> 1:10:52.240
<v Speaker 2>on alert? How to follow big investors to see what

1:10:52.280 --> 1:10:56.759
<v Speaker 2>they're doing so every so often. Every month, big investors

1:10:56.800 --> 1:10:59.559
<v Speaker 2>like Warren Buffett, they have to report with their buying.

1:11:01.160 --> 1:11:02.840
<v Speaker 2>So I teach them how to look at that that's

1:11:02.840 --> 1:11:06.400
<v Speaker 2>a good gauge. I teach them what to research the

1:11:06.439 --> 1:11:11.840
<v Speaker 2>fundamentals balance sheets, as income statements, cast flow statements, where

1:11:11.960 --> 1:11:15.200
<v Speaker 2>ratios to use to find the actual valuation of a business.

1:11:15.200 --> 1:11:17.360
<v Speaker 2>Like I walk you through the process. So when you

1:11:17.439 --> 1:11:20.440
<v Speaker 2>finish that, you know, you felt like you met the plug.

1:11:21.160 --> 1:11:25.240
<v Speaker 6>That was was like, let's talk about the plug because

1:11:25.240 --> 1:11:27.720
<v Speaker 6>the plug package just something that's very unique that no

1:11:27.760 --> 1:11:28.479
<v Speaker 6>one's really doing.

1:11:28.720 --> 1:11:28.960
<v Speaker 4>Nah.

1:11:29.080 --> 1:11:31.679
<v Speaker 3>So I looked at the game and I was just like, okay,

1:11:31.720 --> 1:11:32.760
<v Speaker 3>like what are people doing?

1:11:33.479 --> 1:11:33.679
<v Speaker 6>Right?

1:11:33.960 --> 1:11:38.120
<v Speaker 2>And so with me, I know that people have bought

1:11:38.160 --> 1:11:42.320
<v Speaker 2>into me, right they cool. I want to learn stocks,

1:11:42.320 --> 1:11:45.879
<v Speaker 2>but I've bought into trapper Like so that's a connection

1:11:46.000 --> 1:11:49.800
<v Speaker 2>right there. And because everybody learns different, even if you

1:11:49.840 --> 1:11:53.200
<v Speaker 2>buy the course, you still might need somebody to walk

1:11:53.240 --> 1:11:56.479
<v Speaker 2>you through the course because even though it's listen, we

1:11:56.520 --> 1:11:59.880
<v Speaker 2>all learned different. Some people are visual and some people

1:12:00.120 --> 1:12:02.040
<v Speaker 2>just need to like look, hold my hand and just

1:12:02.080 --> 1:12:03.760
<v Speaker 2>do if you hold my hand and walk me through it,

1:12:03.800 --> 1:12:05.640
<v Speaker 2>like yo, I'm gonna kill it. So I was like,

1:12:05.680 --> 1:12:09.320
<v Speaker 2>all right, I'm gonna go to people like I'm gonna

1:12:09.360 --> 1:12:10.599
<v Speaker 2>literally fly out to you.

1:12:11.160 --> 1:12:12.720
<v Speaker 3>So that's what the meat the Plug is.

1:12:12.880 --> 1:12:16.200
<v Speaker 2>It's literally you get the Wall Street trapping course and

1:12:16.240 --> 1:12:19.920
<v Speaker 2>then I come to your city and I walk you

1:12:20.040 --> 1:12:23.639
<v Speaker 2>through the course, and then I walk you through whatever

1:12:24.640 --> 1:12:28.080
<v Speaker 2>questions you have about the course, about investing. If you

1:12:28.120 --> 1:12:31.599
<v Speaker 2>already have an account, we're gonna audit the account. We're

1:12:31.600 --> 1:12:33.280
<v Speaker 2>gonna make sure your ship is set up right.

1:12:33.520 --> 1:12:35.880
<v Speaker 6>So if I live in Detroit, the plug is coming

1:12:35.880 --> 1:12:36.640
<v Speaker 6>to Detroit.

1:12:36.439 --> 1:12:37.080
<v Speaker 3>Coming to Detroit.

1:12:37.160 --> 1:12:39.800
<v Speaker 2>Not the only thing about that is if you live

1:12:39.840 --> 1:12:42.000
<v Speaker 2>in like the back was, I'm not coming to the

1:12:42.080 --> 1:12:42.640
<v Speaker 2>back was.

1:12:43.240 --> 1:12:43.800
<v Speaker 3>We're gonna go to.

1:12:43.760 --> 1:12:46.040
<v Speaker 2>Where the airport is and we're gonna meet up at

1:12:46.080 --> 1:12:54.000
<v Speaker 2>a we work, like, give me something wrong. But but

1:12:54.040 --> 1:12:55.200
<v Speaker 2>that's what the meat the Plug is.

1:12:55.280 --> 1:12:56.639
<v Speaker 3>It's actually me coming to.

1:12:56.560 --> 1:13:00.200
<v Speaker 2>You and then I give you four phone calls right

1:13:00.240 --> 1:13:02.840
<v Speaker 2>there to me after that. So we have this, we

1:13:02.880 --> 1:13:06.320
<v Speaker 2>do lunch, my treat with the Meat the Plug. We

1:13:06.360 --> 1:13:08.760
<v Speaker 2>walked through the court. It's a full day. We do

1:13:08.920 --> 1:13:10.760
<v Speaker 2>like a few hours. Then we eat lunch. We go

1:13:10.800 --> 1:13:13.840
<v Speaker 2>through it like you're going to because what happens is

1:13:14.000 --> 1:13:15.840
<v Speaker 2>and I've learned this with a mastermind I just did

1:13:15.840 --> 1:13:18.559
<v Speaker 2>with my big Brotherhood of States. Is once you start

1:13:18.560 --> 1:13:22.000
<v Speaker 2>talking to people in person, you know, you never know where.

1:13:21.800 --> 1:13:24.960
<v Speaker 3>That conversation goes. And so now when I.

1:13:24.920 --> 1:13:28.240
<v Speaker 2>See you on the ground, you're like, oh, it's good trap,

1:13:28.600 --> 1:13:31.840
<v Speaker 2>Oh it's good tim because we've made a connection. Now

1:13:31.960 --> 1:13:33.559
<v Speaker 2>it's not just you bought the court. I mean you

1:13:33.600 --> 1:13:36.320
<v Speaker 2>bought the course. I love the support, and I'm you know,

1:13:36.360 --> 1:13:38.839
<v Speaker 2>I've rock with my travelers. But once we have that connection,

1:13:38.920 --> 1:13:41.799
<v Speaker 2>it's like it's a relationship now because I literally.

1:13:41.640 --> 1:13:43.840
<v Speaker 3>Flew out to talk to you. We talked, we ate lunch,

1:13:43.880 --> 1:13:45.599
<v Speaker 3>and all kinds of stuff that happened at that point.

1:13:46.000 --> 1:13:47.360
<v Speaker 4>So now it's powerful.

1:13:47.439 --> 1:13:51.200
<v Speaker 5>Man, thank you, thank you for joining us. I'm glad

1:13:51.240 --> 1:13:54.720
<v Speaker 5>that it's crazy because, like you said, you didn't reach

1:13:54.720 --> 1:13:56.400
<v Speaker 5>out to me. I just heard shout out to my

1:13:56.400 --> 1:13:57.880
<v Speaker 5>man Matt. I don't know who told me he was

1:13:57.880 --> 1:13:59.240
<v Speaker 5>going to be in New York, right, I think Matt

1:13:59.240 --> 1:14:00.760
<v Speaker 5>said he was going to be in New Hit you up.

1:14:00.920 --> 1:14:03.240
<v Speaker 5>You're interested in coming in the podcast. People A lot

1:14:03.240 --> 1:14:05.439
<v Speaker 5>of people ask like, what's the process to be on

1:14:05.479 --> 1:14:09.360
<v Speaker 5>the podcast? Most of the time, it's my intuition. It's

1:14:09.360 --> 1:14:12.800
<v Speaker 5>a genuine process, right and Troy, have I failed yet?

1:14:13.360 --> 1:14:15.280
<v Speaker 6>Yo? Man? We are one hundred one hundred. They said,

1:14:15.280 --> 1:14:17.240
<v Speaker 6>we like bad Boy in the nineties. Yo, y'all none

1:14:17.280 --> 1:14:20.639
<v Speaker 6>but his none but his nothing.

1:14:20.680 --> 1:14:23.800
<v Speaker 5>But I think this is definitely gonna be some some

1:14:24.040 --> 1:14:25.439
<v Speaker 5>episode that's gonna live forever.

1:14:25.680 --> 1:14:29.960
<v Speaker 6>Yeah, bro and shout out to Q he introduced stocks

1:14:29.960 --> 1:14:33.200
<v Speaker 6>on our podcast episode fifteen. Checked that out. Yeah, I

1:14:33.240 --> 1:14:35.960
<v Speaker 6>was thinking, and this is like, now, this is a

1:14:36.000 --> 1:14:38.639
<v Speaker 6>full circle of the stock market for sure.

1:14:38.600 --> 1:14:41.200
<v Speaker 3>Y'all got heavy hitters. Come on, y'all. I kind of

1:14:41.240 --> 1:14:44.280
<v Speaker 3>was like, yo, yo, they got heavy hit and you

1:14:44.320 --> 1:14:44.600
<v Speaker 3>made it.

1:14:44.600 --> 1:14:47.560
<v Speaker 6>To the green room, right, So we're back in.

1:14:47.720 --> 1:14:49.559
<v Speaker 3>We're back in the We're in a trap.

1:14:51.360 --> 1:14:54.000
<v Speaker 4>I haven't been here for a while, but I appreciate it.

1:14:54.080 --> 1:14:54.240
<v Speaker 3>Man.

1:14:54.240 --> 1:14:58.439
<v Speaker 5>It's just the information was extremely valuable, but just the

1:14:58.479 --> 1:15:02.640
<v Speaker 5>story too. I think it's extreme, inspirational, motivational, and I

1:15:02.680 --> 1:15:06.479
<v Speaker 5>think that you know, it's it's it's bigger like they say,

1:15:06.520 --> 1:15:08.559
<v Speaker 5>it's bigger than rap. You know, it's bigger than just

1:15:08.600 --> 1:15:12.040
<v Speaker 5>business like, it's real people. I mean, everybody's got their

1:15:12.080 --> 1:15:16.240
<v Speaker 5>own personal journey and to see people overcome adversity and

1:15:16.280 --> 1:15:18.799
<v Speaker 5>to see people, you know, put their minds to something

1:15:18.880 --> 1:15:20.760
<v Speaker 5>into you know. Like I said, it doesn't matter where

1:15:20.760 --> 1:15:23.320
<v Speaker 5>you come from.

1:15:23.439 --> 1:15:24.280
<v Speaker 4>The game is the game.

1:15:24.400 --> 1:15:25.400
<v Speaker 3>The game is the game.

1:15:25.880 --> 1:15:28.880
<v Speaker 2>It ain't going no well, it's not going well. So

1:15:28.920 --> 1:15:30.559
<v Speaker 2>we just got to play it. Make sure you're playing

1:15:30.600 --> 1:15:31.640
<v Speaker 2>the right one. We gotta play it.

1:15:31.680 --> 1:15:32.280
<v Speaker 4>That's a fact.

1:15:32.520 --> 1:15:34.880
<v Speaker 5>Learn the rules, play the game, man, that's a fact.

1:15:35.280 --> 1:15:37.840
<v Speaker 5>So how can the people contact you? What's your social

1:15:37.880 --> 1:15:39.000
<v Speaker 5>media handles and all that?

1:15:39.760 --> 1:15:44.360
<v Speaker 2>So I'm mostly on Instagram, will Underschool Street Underscore Trapper

1:15:44.640 --> 1:15:48.240
<v Speaker 2>that's on i g YouTube is just Wall Street Trapper.

1:15:48.880 --> 1:15:53.719
<v Speaker 2>I got the university www dot trapper university dot com.

1:15:53.800 --> 1:15:57.519
<v Speaker 2>Check that out. And I got a podcast while Underschool

1:15:57.560 --> 1:15:58.920
<v Speaker 2>Street Undercore Trapper.

1:15:58.640 --> 1:15:59.479
<v Speaker 3>On Google Play.

1:15:59.560 --> 1:16:00.599
<v Speaker 4>I listened to come episodes.

1:16:01.320 --> 1:16:03.439
<v Speaker 3>I've been lagging, bro, but I got to get back

1:16:03.479 --> 1:16:05.479
<v Speaker 3>on it. So I locked in. Man, Yeah, I gotta

1:16:05.479 --> 1:16:06.200
<v Speaker 3>get back on.

1:16:06.360 --> 1:16:10.160
<v Speaker 2>Because that was me and my Rowst phone, Like I

1:16:10.200 --> 1:16:13.320
<v Speaker 2>get to just talk my talk without no you know,

1:16:13.400 --> 1:16:14.320
<v Speaker 2>nothing going on.

1:16:14.600 --> 1:16:15.639
<v Speaker 3>Like I would get up in the morning.

1:16:15.640 --> 1:16:16.920
<v Speaker 2>That would be in the morning for me because that's

1:16:16.920 --> 1:16:19.640
<v Speaker 2>when I'm freshest, Like I done slept my mind and

1:16:19.720 --> 1:16:21.439
<v Speaker 2>marinate it, you know. I don't eat no meat, so

1:16:21.439 --> 1:16:25.320
<v Speaker 2>I'll be feeling good. Feeling good, you hear me. So

1:16:25.720 --> 1:16:28.320
<v Speaker 2>I got to get back on my podcasts, but they

1:16:28.400 --> 1:16:31.479
<v Speaker 2>definitely can check them out definitely, and that's on Anchor

1:16:31.560 --> 1:16:33.320
<v Speaker 2>and Google Play and Spotify.

1:16:33.400 --> 1:16:36.599
<v Speaker 4>So check me out on that wall trapped Troy housekeeping them.

1:16:36.640 --> 1:16:36.800
<v Speaker 3>Yeah.

1:16:36.840 --> 1:16:38.479
<v Speaker 6>Yeah, shout out to everybody on the patreoon. We got

1:16:38.520 --> 1:16:41.280
<v Speaker 6>a long list, man, I'm gonna go down to shout

1:16:41.280 --> 1:16:48.519
<v Speaker 6>out to Morgan, Melissa Mario, Elise, Tanika Ramel, Calvin, Brandon

1:16:48.680 --> 1:16:51.560
<v Speaker 6>J and Brandon M. We actually got a combo with

1:16:51.640 --> 1:16:54.439
<v Speaker 6>him the other day. He's doing amazing things and hopefully

1:16:54.479 --> 1:16:56.720
<v Speaker 6>we'll be able to do something together. These are the

1:16:56.760 --> 1:16:58.719
<v Speaker 6>new members. Bro, and shout out to my man, Brian

1:16:58.760 --> 1:17:02.559
<v Speaker 6>Forbes man for That's that's a hometown dude. He actually

1:17:02.720 --> 1:17:06.720
<v Speaker 6>when we did the episode about trucking with Alex, he

1:17:06.800 --> 1:17:08.760
<v Speaker 6>had just bought a truck, so I was like, Bro,

1:17:08.800 --> 1:17:10.920
<v Speaker 6>you got ahead this episode and then we've been linked

1:17:11.040 --> 1:17:13.439
<v Speaker 6>up since, so shout out to him. He actually joined

1:17:13.439 --> 1:17:15.799
<v Speaker 6>Patreon just to show some support, like we grew up together,

1:17:15.840 --> 1:17:17.519
<v Speaker 6>but he just wanted to show some love. So shout

1:17:17.600 --> 1:17:20.360
<v Speaker 6>to everybody that's on Patreon. Dot com all our patrons,

1:17:20.840 --> 1:17:22.840
<v Speaker 6>as you noticed, five tiers. You can join any tear

1:17:22.920 --> 1:17:26.120
<v Speaker 6>you like and continue to support it. It allows us

1:17:26.120 --> 1:17:29.439
<v Speaker 6>to do things like travel and get people on that

1:17:30.000 --> 1:17:33.040
<v Speaker 6>people have been asking for and so shout everybody's is

1:17:33.080 --> 1:17:35.439
<v Speaker 6>doing that and everybody that's been personaling the merch on

1:17:35.479 --> 1:17:38.320
<v Speaker 6>earnier Leisure dot com. You know our shirts up there.

1:17:38.320 --> 1:17:40.800
<v Speaker 6>It's getting little chilli out in New York. So the

1:17:40.800 --> 1:17:47.320
<v Speaker 6>Hoodie Sea seasons back. Yeah, Hoodie season his back. So

1:17:47.320 --> 1:17:49.600
<v Speaker 6>that will be up there in a few varieties. And

1:17:49.800 --> 1:17:54.320
<v Speaker 6>our tour shirts are there too. So we got uh La,

1:17:54.560 --> 1:18:00.880
<v Speaker 6>we got Brooklyn, we got Houston, Atlanta, Chicago, and Philly, Philly, Philly.

1:18:01.000 --> 1:18:04.920
<v Speaker 6>Y'all ain't never be You gotta pop up one.

1:18:05.920 --> 1:18:09.960
<v Speaker 3>I was that the one Yeah, you know came.

1:18:10.560 --> 1:18:19.280
<v Speaker 6>It's crazy. Houston was lost. We're coming back.

1:18:20.400 --> 1:18:21.240
<v Speaker 3>We all going to Philly.

1:18:21.280 --> 1:18:23.200
<v Speaker 2>I definitely want to come probably we don't have a

1:18:23.280 --> 1:18:25.920
<v Speaker 2>date yet, but soon, yeah, definitely let me.

1:18:26.000 --> 1:18:27.559
<v Speaker 4>And we got in d C.

1:18:27.920 --> 1:18:31.360
<v Speaker 6>We got something coming for d C that we are

1:18:31.400 --> 1:18:33.840
<v Speaker 6>excited to. Hopefully we're gonna tell you about that and

1:18:33.880 --> 1:18:35.599
<v Speaker 6>in their future. But DC is going to be special.

1:18:35.720 --> 1:18:37.800
<v Speaker 3>Yeah, this is a beautiful city.

1:18:38.080 --> 1:18:38.880
<v Speaker 4>Sure, for sure.

1:18:38.960 --> 1:18:41.760
<v Speaker 5>So yeah, so the book tip of the week, it's

1:18:41.880 --> 1:18:44.839
<v Speaker 5>none other than our guests. He has three e books

1:18:45.600 --> 1:18:47.840
<v Speaker 5>Wall Street trap for one on one, one O two,

1:18:48.040 --> 1:18:52.800
<v Speaker 5>and one O three. You did one away, so make

1:18:52.840 --> 1:18:55.360
<v Speaker 5>sure you make sure you got those. Where can I

1:18:55.400 --> 1:18:56.280
<v Speaker 5>get those from?

1:18:56.320 --> 1:18:59.240
<v Speaker 2>On my website Wall Street Trapping dot com. But linking,

1:18:59.240 --> 1:19:00.720
<v Speaker 2>my boy, you'll cliche.

1:19:02.080 --> 1:19:02.679
<v Speaker 4>That's a fact.

1:19:02.680 --> 1:19:06.720
<v Speaker 5>And then also speaking of links in the bio, So everybody, well,

1:19:06.720 --> 1:19:09.160
<v Speaker 5>if you didn't know, I'm a financial advisors. So if

1:19:09.160 --> 1:19:11.200
<v Speaker 5>you want a thirty minute free consultation, you can go

1:19:11.200 --> 1:19:13.240
<v Speaker 5>to early lead dot com. My calendar is up there.

1:19:14.240 --> 1:19:19.360
<v Speaker 5>It has three areas specifically retirement, investments, and insurance. If

1:19:19.400 --> 1:19:22.040
<v Speaker 5>it's not related to that, don't put.

1:19:22.720 --> 1:19:24.720
<v Speaker 6>I can't pick your brain, DA can't.

1:19:24.800 --> 1:19:28.240
<v Speaker 5>I can't help you with offshore banking facts. I can't

1:19:28.240 --> 1:19:30.160
<v Speaker 5>help you flip a home, none of that stuff. We

1:19:30.200 --> 1:19:32.760
<v Speaker 5>have guests that bring on the podcast that can help

1:19:32.760 --> 1:19:33.960
<v Speaker 5>you with those different areas.

1:19:33.960 --> 1:19:36.800
<v Speaker 2>I'll do something bro right here, So anybody that you

1:19:37.400 --> 1:19:40.040
<v Speaker 2>booked something with you, I'll do another thirty minute one

1:19:40.080 --> 1:19:40.799
<v Speaker 2>for free myself.

1:19:40.880 --> 1:19:42.240
<v Speaker 4>Then you have it.

1:19:42.479 --> 1:19:44.320
<v Speaker 2>They'll do that, all right, So you let me know

1:19:44.320 --> 1:19:46.160
<v Speaker 2>who it is. You tell them get in touch with me.

1:19:46.160 --> 1:19:47.759
<v Speaker 2>I'll do a thirty minute with it myself.

1:19:47.800 --> 1:19:50.160
<v Speaker 3>All right, how that sounds. I got you this supply

1:19:50.200 --> 1:19:50.840
<v Speaker 3>the streets man.

1:19:53.400 --> 1:19:55.240
<v Speaker 4>All right, guys, we'll see you next week. Thank you

1:19:55.280 --> 1:19:56.280
<v Speaker 4>for rocking with us. Peace.

1:19:58.479 --> 1:20:01.280
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