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Speaker 1: I don't know.

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Speaker 2: Every day a week ago clicks up the breakfast club.

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Speaker 3: You don't finish for y'all done.

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Speaker 4: Morning, everybody is dj n V. Just hilarious.

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Speaker 5: Charlamagne the God, we are the breakfast club. Law La

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Speaker 5: roses here as well. We got a special guest.

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Speaker 4: In the building. Indeed, John ho'brien is back. Welcome to

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Speaker 4: be with you right now. Capitalism for all available right

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Speaker 4: now now.

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Speaker 2: You know that's a provocative title, capitalism for all. People

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Speaker 2: will say it sounds good, but has capitalism in America

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Speaker 2: ever actually been for all?

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Speaker 1: Not? Really?

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Speaker 3: And is it good?

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Speaker 1: Fall can be? I mean, look, the Bible says money's

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Speaker 1: not evil. It's the love of money. This evil. And look,

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Speaker 1: you know two thousand eight economic crisis was really bad

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Speaker 1: for a lot of people. Wasn't bad for me. I

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Speaker 1: didn't take one of those reverse subprime mortgages with a

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Speaker 1: negative ammonization loan. Pick a payment where every payment you

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Speaker 1: made you were a broker, you owed more money after

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Speaker 1: every payment. It was a negative amortization loan. That's financial literacy,

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Speaker 1: that's people taking advantage of our people. You know, good

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Speaker 1: capitalism is where I benefit and you benefit more.

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Speaker 3: No, you've been benefiting for a long time.

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Speaker 1: No, no, stand by good capitalism. My definition good capitalism where

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Speaker 1: I benefit and you benefit more. So, it's about designing

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Speaker 1: a comb or glasses into that jacket. Uh And you know, okay,

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Speaker 1: I like the jacket. The glasses make me enhance my look,

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Speaker 1: that's worth the money I'm paying for. Bad capitalism is

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Speaker 1: where I benefit and you pay a price for it.

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Speaker 1: Rate murder, sex trafficking, drug dealing. You know, we can

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Speaker 1: talk with gangsterism on Wall Street or Main Street. Good

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Speaker 1: debt and bad debt, right. Good debt is something just tied.

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Speaker 1: Is something that appreciates, real estates stocks, bonds, and businesses.

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Speaker 1: Bad debts tied something into depreciates financing, jewelry, you know.

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Speaker 1: And so all these things are neutral. It depends how

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Speaker 1: you use them. Right. So something hit me two days

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Speaker 1: ago when I was preparing to come in here, and

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Speaker 1: I didn't want to come in here with just talking

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Speaker 1: about a book, because it's not about the book. It's

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Speaker 1: about this is about a business plan for the rest

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Speaker 1: of our lives, and how to explain that. It hit me,

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Speaker 1: like we're in the third reconstruction right now, from the

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Speaker 1: streets to the suites, the color the only, the only,

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Speaker 1: the only color blind color is economic green. That's the

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Speaker 1: only color blind color. Now, Second Reconstruction, we thought we

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Speaker 1: I'm talking about black people now. We thought we made it.

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Speaker 1: We thought we were free. Uh, reality is, we didn't

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Speaker 1: make it. Somebody made it for us. Andrew Young, who

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Speaker 1: is here, Ambassador Andrew Young, Doctor Martin the King Jr.

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Speaker 1: Doctor Dorothy Hyke, Redit Scott King, the heroes and she

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Speaker 1: ros of the Second Reconstruction, and the president, President Johnson,

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Speaker 1: and the legislatures created these this infrastructure post Slavery, First

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Speaker 1: Reconstruction freedom where we had a furtive action. We had

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Speaker 1: do you call it DEI? Now you had set aside contracts,

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Speaker 1: you have, you have, you have voting rights and all

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Speaker 1: public access laws. So we're like, okay, cool, we're free. No,

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Speaker 1: you're in a bubble. We're in a seventy year bubble

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Speaker 1: of protection. It's deep when you think about this. We

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Speaker 1: thought we were operating in the free enterprise system and

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Speaker 1: the capitalism and we were out here doing our thing,

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Speaker 1: and no, you're operating in a padded sale.

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Speaker 3: Expound on that.

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Speaker 1: This is it only hit me a couple of days ago.

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Speaker 1: I've I've been wondering like, why am I so uncomfortable?

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Speaker 1: Why do I think we're in trouble. We thought that

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Speaker 1: when we got that job in the sixties, were we

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Speaker 1: go to the lunch counter in the sixties, that we

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Speaker 1: were free. We thought, okay, we got the right tool.

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Speaker 1: We got No, that was dependent upon somebody else, according

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Speaker 1: you respect and dignity. It was dependent upon the government

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Speaker 1: always being fair and reasonable. It was dependent upon the popular,

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Speaker 1: the public turning against us. It was dependent upon doctor

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Speaker 1: King Andrew Young others given their life so that we

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Speaker 1: might have life, so that we had the right to vote.

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Speaker 1: I mean it's literally codified in the constant, you know,

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Speaker 1: in the amended Constitution, so we would have the right

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Speaker 1: because we were considered property. So these things were afforded us,

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Speaker 1: not provided to us. It wasn't an original thing, was

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Speaker 1: it was a layered on thing. It was a box

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Speaker 1: of protection that thank god, all that came before us

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Speaker 1: gave us. But they gave it to us. We didn't

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Speaker 1: give it to ourselves, and we don't own it and

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Speaker 1: it could be taken away and we're seeing no boom

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Speaker 1: and what hit me? Why am I so uncomfortable? We

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Speaker 1: cast a check, We don't write it. We had access

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Speaker 1: the lunch counter, we don't own it. We bounced the basketball,

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Speaker 1: we don't own the stadium. I was hit a basketball

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Speaker 1: game with Tony wrestler owner the Land of Hogs, my

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Speaker 1: business partner's friend, two weeks ago. They won that night

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Speaker 1: and he was very happy. But I was in the

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Speaker 1: players area where they parked the cars. I mean it

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Speaker 1: looked like a parking lot. It looked it looked like

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Speaker 1: one of your car shows. It was absolutely beautiful, and

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Speaker 1: I'm so proud these brothers legitimately making their money and

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Speaker 1: all that kind of thing. The humblest car in the

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Speaker 1: whole parking lot was Tony, the only one not dripping

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Speaker 1: in jewelry. Tony Tony Jean's on a pullover, his wife

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Speaker 1: Jamie Gertz dressed down. They worth I don't know. I

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Speaker 1: don't tell their business.

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Speaker 2: But fifteen billion executive producer of Magic City documentary too.

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Speaker 3: By the way, Black people.

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Speaker 1: Really cool people. They put their money where their mouth is.

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Speaker 1: But we don't own that they do. And he paid

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Speaker 1: the players with his petty cash. But the players are

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Speaker 1: are are not flossing, but they're flowing like they own

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Speaker 1: the whole situation. I mean they own the I asked Tony,

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Speaker 1: how much is the front row cost? I looked there, Tony,

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Speaker 1: by the way, Tony's up at the tenth row. We up,

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Speaker 1: you call it a nose seats wherever the tenth row.

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Speaker 1: I'm cool with it. I'm with the owner. But down

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Speaker 1: He's like, oh yeah, that's he knew the price of

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Speaker 1: every seat thirty five hundred per ticket, per seat, per game.

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Speaker 1: He knew and because he che Chean chi ching cha chean.

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Speaker 1: Another billionaire friend of mine used to own strip clubs

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Speaker 1: and and uh and all kinds of other clubs. And

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Speaker 1: he said to me one day, we should go to

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Speaker 1: one of these clubs. I'm like, we mean, we mean

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Speaker 1: we should go to the Then you own these clubs.

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Speaker 1: I've never been no one. My children have never been

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Speaker 1: the one. My family have never I won't let them go.

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Speaker 1: He for twenty years, he bought them, owned them, sold them.

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Speaker 1: So I'm looking at the system and saying, we cast

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Speaker 1: that check. We never wrote it. We didn't. We weren't.

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Speaker 1: We didn't graduate to owning the company or CEO at scale.

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Speaker 1: We didn't graduate to ownership. We didn't. We didn't take

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Speaker 1: the next leptic. We got comfortable in the second Reconstruction,

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Speaker 1: and then when the mood shifted in this country, it

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Speaker 1: all fell away and and and what hits me now

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Speaker 1: is falling away all at once. And now you have

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Speaker 1: a government that's either neutral to you or hostile. We

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Speaker 1: never had this in the history of this country at

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Speaker 1: the federal level. You had a mayor, you had a governor.

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Speaker 1: Never at a federal level. So now the civil rights

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Speaker 1: assumptions are fading away. People are talking about white people

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Speaker 1: are being discriminated against. They're flipping the Civil Rights Acts

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Speaker 1: on some on their heads. You can't, so you're on

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Speaker 1: your own. You cannot rely on the government. You've been

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Speaker 1: thrown into three hundred thousand black women last year conservative

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Speaker 1: number work unemployed, qualified competent people. The unappointed rate for

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Speaker 1: black people is double the national average today and growing.

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Speaker 1: So you have economically, we're being thrown into the fire.

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Speaker 1: Politically we've thrown into the fire. Socially you're thrown into

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Speaker 1: the fire right an AI changing the game all at

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Speaker 1: the same time. So you know what, we've been doing

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Speaker 1: so much with so little for so long. We could

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Speaker 1: almost do anything with nothing. We just need to master

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Speaker 1: this new game because to quote Reverend Jesse Jackson, where

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Speaker 1: the got rest of soul, where the rules are published,

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Speaker 1: and then playing for this level, we kill it the arts.

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Speaker 1: Top of the game combat. Congratulations on Netflix, by the way,

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Speaker 1: congratulate top top of the game, not the Black game,

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Speaker 1: not the Brown game, the game faith our brother, Bishop

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Speaker 1: TD Jakes, and many others. Politics, from slavery to the

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Speaker 1: President the United States of America, President Barack Obama. Professional sports.

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Speaker 1: Too many examples to name. Jordan's not gone from basketball

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Speaker 1: to NASCAR, by the way, congratulates on your on your

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Speaker 1: sponsorship of a NASCAR team. I'm paying attention, but we

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Speaker 1: haven't done it in capitalism, and we're in a capitalist democracy.

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Speaker 1: It's the music business. It's the business of music. It's

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Speaker 1: the sports business. It's the business of sports. Nothing happens

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Speaker 1: without understanding how the money moves and the dollar works,

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Speaker 1: and how wealth was created. But no one gave us

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Speaker 1: that memo. That's my fourth book, and no one told

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Speaker 1: us about cinential literacy. That's my last book. And no

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Speaker 1: one's gained us an ungained capitalism. That's this book. And

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Speaker 1: God has a sense of humor. Coincidence is God's way

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Speaker 1: of remaining anonymous. Andrew Young quote, We're on the two

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Speaker 1: hundred and fiftith anniversary of America. It's one hundred anniversary

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Speaker 1: of black history. Mom, thank you. Carter G. Woodson can't

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Speaker 1: make this up. And for the first time in the history,

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Speaker 1: you cannot have a future. You cannot have a country

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Speaker 1: that's you never had a country. It wasn't the superpower

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Speaker 1: of the world. If it wasn't the economic power ever

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Speaker 1: Rome all the way forward. You cannot now have a superpower.

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Speaker 1: The economic power without black, brown people and women never

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Speaker 1: happened in the history of America. But the democraphics have shifted,

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Speaker 1: and so now they need us to succeed.

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Speaker 2: When you say we've never done it in capitalism, what

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Speaker 2: about the Bob Johnson, Robert Smith's, David Stewart's the Byron Island.

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Speaker 1: Somebody told me yesterday forget who it was. I don't know.

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Speaker 1: I think it was Bishop TD Jakes. If you've got

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Speaker 1: a when you can name the success stories we failed,

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Speaker 1: mm hmm, name white entrepreneurs. It's just name name white billionaires,

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Speaker 1: Name Jewish billionaires. If you can't, it's just too many.

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Speaker 3: Do you have to be a billionaire to be in

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Speaker 3: the top of the game account.

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Speaker 1: No, no, I just know. I was just I was just

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Speaker 1: given that as a as a category, I mean name black, sorry,

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Speaker 1: name white. Multi millionaires are sent to millionaires. There's too

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Speaker 1: many to name. It doesn't matter what category, small business owners, fortune,

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Speaker 1: five hundred CEOs, it's too many to name. But when

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Speaker 1: you come to black people, you literally can go, oh,

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Speaker 1: you know, and by the way, kudos on that. Fantastic.

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Speaker 1: It's a north star. But it's the exception, not the rule.

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Speaker 1: I want to make it the rule. I sent you

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Speaker 1: a video yesterday. Remember of all these these white folks,

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Speaker 1: they are on vacation. Everybody's walking around on their phone,

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Speaker 1: short pants, t shirt, everbody's working. It's like this is

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Speaker 1: business leader with business leaders look like on vacation. Everybody's

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Speaker 1: on there. I want to see that with Black America

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Speaker 1: and Brown America everywhere every city.

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Speaker 2: Are you trying to fix capitalism or sell people on

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Speaker 2: believing in the system that hasn't always.

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Speaker 1: Worked for I want to. I want to. I don't

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Speaker 1: want to do either. I want to upgrade the software.

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Speaker 1: So I guess you'd call it fix it, but I

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Speaker 1: I want to. I want to. I want to repair it.

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Speaker 1: And I want to upgrade it. I also want to

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Speaker 1: upgrade us as we do it, because even if capitalism

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Speaker 1: was was prepared, we aren't prepared for the for the moment.

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Speaker 1: In my opinion, there was like one hundred billion dollars

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Speaker 1: committed to black people and brown people after George Floyd's murder.

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Speaker 1: You see none of them, none of it, not one dollar.

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Speaker 1: The press release was issued, but we we never get

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Speaker 1: we never got to the point where we went to

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Speaker 1: with the business plan to whoever was was on the

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Speaker 1: press release. Hey, I want to I want to move

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Speaker 1: on ten million dollars of that equity, twenty million dollars

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Speaker 1: of that debt. I want to buy that company. I've

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Speaker 1: got my luck, my my lending set up. I've already

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Speaker 1: got the credit right, I got you know, I understand

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Speaker 1: the economic structure of my l season place. I already

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Speaker 1: got bonding from. You know, we weren't playing the game

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Speaker 1: and the way the games need to be played.

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Speaker 2: You know who used to make make sure that those corporations,

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Speaker 2: you know, did what they said he was gonna doend

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Speaker 2: Jesse Jack.

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Speaker 1: Yeah, yes, but we got to yes, but we now

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Speaker 1: we even he would say he shook the tree he

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Speaker 1: needed us to make He needed us to plant the

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Speaker 1: seed and make and make it into something. We don't

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Speaker 1: need tree shakers now, just just tree shakers. We need

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Speaker 1: plant makers. We need to build the plant. We need to.

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Speaker 1: We need to we need to go from PhD to PhD.

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Speaker 1: And we have to do this right now. I mean,

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Speaker 1: this is the fierce urgency of now. To quote doctor King,

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Speaker 1: this is this is that moment of both problem and

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Speaker 1: opportunity artificial intelligence. To quote Van Jones, Black people don't

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Speaker 1: know a thing about AI, but nine percent of white

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Speaker 1: folks don't know a thing about AI either. And the

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Speaker 1: first jobs is taken are white people, white middle class attorneys, accountants,

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Speaker 1: anybody who's in it need to be processed. That six

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Speaker 1: figure incomes gone away instantly. That's gonna come for customer

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Speaker 1: service jobs. But we we you can't fall from the floor.

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Speaker 1: And the very and the very thing that we uh

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Speaker 1: we're good at has never valued being creative, duckling, being innovative,

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Speaker 1: being resilient over the round and throw I'm going to

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Speaker 1: get to it, being creative. These are very leadership. These

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Speaker 1: are the very things that AI can't do.

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Speaker 5: Now, this conversation that would happen. I feel like we

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Speaker 5: have this conversation every two years. Right, we talk about

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Speaker 5: put a mirror into our community, and we talk about

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Speaker 5: that we don't have home ownership, that you know, we

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Speaker 5: don't have assets, and we look at all the things that.

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Speaker 4: A lot of us do have, whether it's cars, it's jewelry,

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Speaker 4: it's this. When does that change? And we start going

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Speaker 4: into a plan to do something different?

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Speaker 1: Right?

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Speaker 5: When does that change? Because we have these conversations every year,

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Speaker 5: you know, and you know, we'll say, hey, look at

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Speaker 5: the owner of the company. He's wearing an ugly polo

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Speaker 5: on some khakis and everybody else is wearing ten thousand

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Speaker 5: dollars Chromehaart jeans.

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Speaker 4: Right, we go through this every every couple of years.

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Speaker 4: But how do we change that? Because if not, it's

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Speaker 4: just the same conversation over and over again.

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Speaker 1: Right.

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Speaker 5: And you talked about the two thousand and eight market,

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Speaker 5: the real estate market that fell, and yeah, it felt

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Speaker 5: because I think a lot of people that didn't have

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Speaker 5: means found it their only way to get in. Right,

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Speaker 5: because a lot of people's credit scores were low, a

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Speaker 5: lot of people didn't have the finances to put down

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Speaker 5: on their first home. A lot of people don't know

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Speaker 5: much about it. I remember in that two thousand and

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Speaker 5: date market. I think my interest rates at the time

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Speaker 5: when I bought my house was like twelve percent.

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Speaker 4: That's right, that was the average, right, I didn't know

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Speaker 4: any better.

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Speaker 5: I have a friend at the time, which was was

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Speaker 5: Buster ROMs, and bust Robs was like, use my guy,

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Speaker 5: and you use this guy and you think twelve percent

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Speaker 5: is what you what it is?

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Speaker 4: And then you learn, So how do we change that?

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Speaker 1: You know?

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Speaker 4: Because people don't know who to trust anymore.

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Speaker 1: Right, So first of all, I never let the perfect

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Speaker 1: become the death of the good. So I'm glad you

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Speaker 1: got in the game in two thousand and eight. I

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Speaker 1: almost lost my house in two thousand and eight. It

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Speaker 1: was even not because I got a bad mortgage, but

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Speaker 1: it was some other things going on. But you know,

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Speaker 1: it went down in value. All my friends told me

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Speaker 1: to sell it. They were broke. Luckily I didn't. But

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Speaker 1: I couldn't pay the property taxes easily, and I rented

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Speaker 1: out to a police officer, a black police officer to

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Speaker 1: be specific in LA. He didn't pay his rent right

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Speaker 1: on time, but I held onto it and it went

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Speaker 1: from two hundred thousand. I bought it for two hundred thousand,

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Speaker 1: down one hundred and sixty or something. Everybody sees sales sale.

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Speaker 1: I holed out onto it, and five years later I

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Speaker 1: looked up it's worth seven hundred fifty thousand dollars and

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Speaker 1: I sold it and got a capital gains. Took that

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Speaker 1: money ten thirty one text for exchange, flipped dinnital property

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Speaker 1: now worth five million. But so I don't begrudge you

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Speaker 1: or anybody else trying and getting the game. You were

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Speaker 1: actually pioneering. Actually, and everybody who tried were pioneering. But

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Speaker 1: pioneers get arrows. Here's what gives me a hope. Man,

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Speaker 1: I'm trying to do this right. Get emotional. I went

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Speaker 1: to Delta last night late. We coach all one hundred

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Speaker 1: thousand Delta employees that operational. But the person who sent

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Speaker 1: me at the curb, young lady. She put out her

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Speaker 1: marriag Express Blue card and then there were a marri

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Speaker 1: Express Platinum card and she's like, I've been on this

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Speaker 1: this grin for two years is John. My credit score

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Speaker 1: is seven eleven. And she knew she knew everything about

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Speaker 1: her entire financial picture. I didn't start this conversation. She

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Speaker 1: ran her mouth from the time we had that curve

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Speaker 1: the time I got on that plane talking about her

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Speaker 1: life and how it completely transfer and her self esteem

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Speaker 1: is up. I get on the plane, three people walk on.

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Speaker 1: Can I get a picture? This is?

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Speaker 3: This is?

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Speaker 1: This is y'all in the use of this. I've been

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Speaker 1: doing this for thirty three years. I don't know what happened.

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Speaker 1: It's like it's like a switches flipped and I've had

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Speaker 1: a billion video views in two years. But this thing

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Speaker 1: I'm having to talk about right now, this is like

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Speaker 1: the last eight months. I can't go anywhere. I'm on

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Speaker 1: the plane. Can I get a picture? I get off

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Speaker 1: the plane? Yo, man, what's up coming at midnight? Something's happened. Man,

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Speaker 1: I don't know what it is, but it's inspiring.

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Speaker 3: And you're not saying that because of for ego purposes.

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Speaker 3: You're saying that because I know what I'm saying.

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Speaker 1: People are information. It's not nothing to do with me.

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Speaker 1: I've been saying this for thirty three If I was

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Speaker 1: a special ship been special thirty years ago, there's nothing

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Speaker 1: to do with me. I'm emotional because I'm like my

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Speaker 1: people smart. We get in the memo, I'm not screaming

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Speaker 1: into the wilderness. I just think, you know, doctor King

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Speaker 1: gave that I have a dream speech man a hundred

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Speaker 1: times before the March on Washington, so many times that

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Speaker 1: Mahelia Jackson said, if you looked at the tape, she's

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Speaker 1: off to the left, tell him about the dream. Martin translation,

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Speaker 1: I've heard this speech so many dang on times. Will

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Speaker 1: you please give me something original? And he ripped. He

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Speaker 1: started rapping black children, white children, using but before that

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Speaker 1: he thought he was not effective. And there's a so

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Speaker 1: many leaders. I'm sure you show up here and what

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Speaker 1: you're saying. Now, we've been talking about this for every

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Speaker 1: two years. I just think you gotta wait for the moment.

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Speaker 1: You can't go to grace, but you prepare yourself well

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Speaker 1: for the coming of grace to you our people as

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Speaker 1: smart man. But if it looks easy, if it looks

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Speaker 1: like there's an easier route, we don't take it. That's

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Speaker 1: human nature. Nobody changes in good times. Why would you

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Speaker 1: you just go shopping? We only change in bad times.

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Speaker 3: But capitalism is a dirty word to a lot of people,

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Speaker 3: like they don't even want to hear it. They hear

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Speaker 3: the word billionaires. They hear the word.

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Speaker 2: Capitalism, they just think it's something evil. They think that

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Speaker 2: it's ruined America. It hasn't worked for everybody. What do

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Speaker 2: you say to those folks?

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Speaker 1: That's wrong. It's wrong on several levels. First of all,

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Speaker 1: people say, let's go let's not even talk about billionaires,

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Speaker 1: just talk about rich I hate rich people. I hear

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Speaker 1: it's all those times I hate rich people. No, you don't.

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Speaker 1: You hate rich people until you become rich. What you

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Speaker 1: hate is a game system. What you hate is that

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Speaker 1: you've been working two jobs. You tell it from the floor.

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Speaker 1: You got too much month at the end of your money,

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Speaker 1: and no matter how hard you work, you can't seem

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Speaker 1: to good bye. And so you look at these people

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Speaker 1: who are half wits and people are half as smart

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Speaker 1: as you are the top, and you go, if they're

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Speaker 1: winning and I'm losing, if I'm taking an al, they

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Speaker 1: must be crooks. The system must be rigged. No, if

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Speaker 1: you hang around nine broke people, you'll be the tenth. Right.

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Speaker 1: Why if you go to Harvard because it's gonna make

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Speaker 1: you five times smarter than state university. No, the class

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Speaker 1: of twenty twenty six at Harvard, it's gonna hook each

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Speaker 1: other up for the next forty years. Connections, connections, relationship capital.

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Speaker 1: Why are you part of Why are you part of

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Speaker 1: a country club? Why are you part of a fraternity

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Speaker 1: or sorority? Why are you? I mean, peop, don't think

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Speaker 1: about it this way. These are all clubs. What kind

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Speaker 1: of clubs are you hanging out? Are you just hanging

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Speaker 1: out in the club? Are you a member of a club? Right?

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Speaker 1: If you're a member of a club, what kind of

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Speaker 1: club is it? Most places I go, I'm the only

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Speaker 1: brother there. I want to change that. It's not something

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Speaker 1: that makes me proud. But somebody's got to put their

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Speaker 1: foot in the door. Somebody's got to get in the

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Speaker 1: door and stand there. I was with last week. It

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Speaker 1: was Robert Smith. God blessed what he's doing. He did

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Speaker 1: this awaarfest and PREBC used to raise money last week.

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Speaker 1: Yeah yeah, yeah, and and and we just happen to

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Speaker 1: run each other in our hallway. Robert Smith comes over

401
00:21:07,160 --> 00:21:09,320
Speaker 1: as Tyler Perry yo, dapping it up. We have a

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Speaker 1: private moment conversations. When he takes a picture they posted,

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Speaker 1: We're like, oh no, that's what we that's what we

404
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Speaker 1: want to see you now you can't. You can't make

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Speaker 1: this up. But that's basically three businessmen right now. We

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Speaker 1: need to see business women too, but we I just

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Speaker 1: think that I think business celebrity is a new celebrity.

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Speaker 1: I think capitalism has to include us in the capital

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Speaker 1: stat When I was growing up, I didn't know until

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Speaker 1: I walked down the street, as our talk financial literacy,

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Speaker 1: that the muffler shop was a capitalist. I didn't know

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Speaker 1: the nail salon the nail salon, and I got my

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Speaker 1: nails done yesterday. They didn't do it for free. I

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Speaker 1: paid them. You got children, No one's taking care of

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Speaker 1: those children for free unless it's your grandma. I mean,

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Speaker 1: real talk. Help me out here. Getting your hair done,

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Speaker 1: they're not doing that for free. Somebody doing your your

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Speaker 1: your what they call it, my wife called that's white.

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Speaker 1: Do your your clothes, your wardrobe. You're dry clinging too,

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Speaker 1: they're not doing that for free. But even that one's

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00:22:08,160 --> 00:22:10,800
Speaker 1: an easier when wardrobe is a little bit more nuanced.

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Speaker 1: They're not doing that for free.

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Speaker 3: Even if am I right, Even if.

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Speaker 2: You don't believe in capitalism, your behavior will be that

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Speaker 2: of a capitalist because of the system that.

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Speaker 1: We're no no go once set further Charlamagne, we're all capitalists.

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Speaker 1: So okay, if you're going to work and they paying

428
00:22:26,119 --> 00:22:30,040
Speaker 1: you a salary or hourly, you're using your human capital

429
00:22:30,840 --> 00:22:33,680
Speaker 1: and you're trading it for compensation. Now it may the

430
00:22:33,760 --> 00:22:36,359
Speaker 1: lower lower level of risk. You're not taking the risk

431
00:22:36,440 --> 00:22:39,239
Speaker 1: in the enterprise. You're not Bob Pittman at our Heart, right,

432
00:22:39,320 --> 00:22:43,239
Speaker 1: You're got Charlemagne at Black Effect Network, but you are.

433
00:22:43,920 --> 00:22:45,960
Speaker 1: You are risking your time and you wanted to be

434
00:22:46,040 --> 00:22:50,600
Speaker 1: compensated for for compensation. Otherwise you show up for free. Right.

435
00:22:50,880 --> 00:22:53,720
Speaker 1: So capitalism is at every level. It just a matter

436
00:22:53,800 --> 00:22:56,359
Speaker 1: how much risk reward. Now I'm an entrepreneur, it's the

437
00:22:56,440 --> 00:22:59,320
Speaker 1: highest level of craziness, but I take a lot of risk.

438
00:22:59,400 --> 00:23:02,000
Speaker 1: I want a lot of reward if if it pays off.

439
00:23:02,359 --> 00:23:04,080
Speaker 1: We need more people who look like us, who are

440
00:23:04,119 --> 00:23:07,720
Speaker 1: getting reward for that risk if and do it. Like

441
00:23:07,840 --> 00:23:10,040
Speaker 1: what's the drug dealer? Come on, let's real talk now,

442
00:23:10,160 --> 00:23:13,760
Speaker 1: entrepreneur in legal and answering. Okay, let's set that out.

443
00:23:14,119 --> 00:23:16,360
Speaker 1: Just make that clear. But then if you're a successful

444
00:23:16,400 --> 00:23:17,720
Speaker 1: drug dealer, know it's an oxymoron.

445
00:23:17,880 --> 00:23:18,560
Speaker 3: You're not dumb.

446
00:23:19,280 --> 00:23:24,639
Speaker 1: You understand import export finance, marketing, wholesale, retail, customer service,

447
00:23:24,680 --> 00:23:26,000
Speaker 1: employee security.

448
00:23:25,920 --> 00:23:29,440
Speaker 4: Hr HTTLE more dangerous.

449
00:23:31,520 --> 00:23:35,120
Speaker 1: And distribution. If you're a if you're a gang leader,

450
00:23:35,440 --> 00:23:41,280
Speaker 1: you're a frustrated union organizer. These are people with These

451
00:23:41,280 --> 00:23:43,639
Speaker 1: are folks with talents and skills. Man, I mean you

452
00:23:43,760 --> 00:23:46,160
Speaker 1: didn't look it's real talk. Where did NASCAR come from?

453
00:23:47,160 --> 00:23:50,680
Speaker 1: Moonshine running in the Appalachian Mountains? Poor white people running

454
00:23:50,720 --> 00:23:54,359
Speaker 1: from the police, selling selling alcohol which was illegal. They

455
00:23:54,440 --> 00:23:57,200
Speaker 1: realized this is you know, we're gonna end up in

456
00:23:57,400 --> 00:23:59,560
Speaker 1: dead or in prison probation for role. We can't do this.

457
00:23:59,680 --> 00:24:02,800
Speaker 1: Let's let's stop the moonshine part. What part of this

458
00:24:03,560 --> 00:24:06,280
Speaker 1: are we good at? That's legal? The driving now, we

459
00:24:06,320 --> 00:24:08,480
Speaker 1: can't drive on the street like that. Okay. So they

460
00:24:08,600 --> 00:24:10,440
Speaker 1: went up on the beach and then they were found

461
00:24:10,440 --> 00:24:13,480
Speaker 1: a field and they were going circles. It's just the

462
00:24:13,600 --> 00:24:16,520
Speaker 1: found It was a small field. That's how that started

463
00:24:16,800 --> 00:24:19,399
Speaker 1: running in a circle. Nobody would naturally drive a car

464
00:24:19,440 --> 00:24:21,280
Speaker 1: in a circle, is what it was. It was a

465
00:24:21,320 --> 00:24:25,119
Speaker 1: real estate. Somebody gave them. Well, that same family that

466
00:24:25,480 --> 00:24:28,520
Speaker 1: that started that, don't trust me, Go do your research

467
00:24:29,040 --> 00:24:32,120
Speaker 1: for of those families are billionaires in NASCAR today. Same

468
00:24:32,200 --> 00:24:35,119
Speaker 1: families that are running the moonshine. They just mainstreamed it,

469
00:24:35,280 --> 00:24:38,600
Speaker 1: legitimized it. Now it's got logos on it now. Now

470
00:24:38,680 --> 00:24:41,440
Speaker 1: Michael Jordan is in the game. Right. All I'm saying is,

471
00:24:42,720 --> 00:24:44,639
Speaker 1: let's stop hating this game and let's master it.

472
00:24:45,080 --> 00:24:47,600
Speaker 6: Question for you, right, So when you say something like

473
00:24:47,680 --> 00:24:49,440
Speaker 6: that and people you talk about people having an issue

474
00:24:49,440 --> 00:24:52,040
Speaker 6: with capitalism, it's the fact that, like you got people

475
00:24:52,080 --> 00:24:53,480
Speaker 6: that get to a certain point. So like you say,

476
00:24:53,520 --> 00:24:54,800
Speaker 6: you go in to the country clubs, wherever you go,

477
00:24:54,880 --> 00:24:56,760
Speaker 6: you're normally nor only black person. Jay Z I've heard

478
00:24:56,800 --> 00:24:58,879
Speaker 6: him talk about capitalism and somebody has to get in

479
00:24:59,040 --> 00:25:00,959
Speaker 6: because when you it's a certain point, you're not doing

480
00:25:01,000 --> 00:25:02,119
Speaker 6: business with people that look like you.

481
00:25:02,240 --> 00:25:03,680
Speaker 1: This four four four album was, by the way, a

482
00:25:03,720 --> 00:25:04,720
Speaker 1: financial literacy.

483
00:25:04,400 --> 00:25:07,399
Speaker 6: Album, right, But when you get to these places, the

484
00:25:07,480 --> 00:25:08,960
Speaker 6: truth of the matter is a lot of people don't

485
00:25:08,960 --> 00:25:09,400
Speaker 6: make it there.

486
00:25:09,480 --> 00:25:09,600
Speaker 1: Right.

487
00:25:09,680 --> 00:25:11,960
Speaker 6: So when we're trying to get to this equal for

488
00:25:12,040 --> 00:25:15,840
Speaker 6: all capitalism for all playces, who's more responsible to make

489
00:25:15,920 --> 00:25:18,280
Speaker 6: that happen? Is it the person that's in the room

490
00:25:18,680 --> 00:25:21,200
Speaker 6: to throw down the resources or is it the person

491
00:25:21,240 --> 00:25:23,040
Speaker 6: that really doesn't have the ladder? I know you have

492
00:25:23,160 --> 00:25:25,200
Speaker 6: that chapter in your book, right to climb up and

493
00:25:25,280 --> 00:25:27,120
Speaker 6: continue climbing even when it gets to the point where,

494
00:25:27,200 --> 00:25:29,479
Speaker 6: like I can't even see the person that's already made

495
00:25:29,480 --> 00:25:30,680
Speaker 6: it in the room, and nor can they see me

496
00:25:31,000 --> 00:25:32,240
Speaker 6: because there's such a disconnect.

497
00:25:33,040 --> 00:25:35,440
Speaker 1: So you've asked a really, really good question and you

498
00:25:35,520 --> 00:25:41,480
Speaker 1: actually answered it to It's both. I'm responsible if I'm

499
00:25:41,480 --> 00:25:43,600
Speaker 1: in the room or don people's or whoever it is.

500
00:25:43,840 --> 00:25:47,920
Speaker 1: Because to whom much is given, much is required. Service

501
00:25:48,119 --> 00:25:51,080
Speaker 1: is the pay is the rent you pay on your success,

502
00:25:51,680 --> 00:25:54,320
Speaker 1: and giving back and lifting up because we were lifted up.

503
00:25:54,640 --> 00:25:56,680
Speaker 1: I mean somebody opened the door for me. So we

504
00:25:56,880 --> 00:26:00,000
Speaker 1: must go out of our way to help our brothers

505
00:26:00,080 --> 00:26:01,919
Speaker 1: and sisters to come up. But it's a hand up,

506
00:26:02,080 --> 00:26:05,560
Speaker 1: not a hand out. If you if you tell your

507
00:26:05,640 --> 00:26:08,120
Speaker 1: rear in, if you I'll hire you because you're black.

508
00:26:08,280 --> 00:26:11,560
Speaker 1: I will fire you if you you're incompetent, straight up right,

509
00:26:11,960 --> 00:26:14,479
Speaker 1: And I and I have a bunch of black vendors.

510
00:26:14,520 --> 00:26:16,280
Speaker 1: In fact, most of my vendors are black and women

511
00:26:16,359 --> 00:26:19,040
Speaker 1: in minority. But if they tear their rear in three

512
00:26:19,119 --> 00:26:23,080
Speaker 1: four times, you done with me. I'm not tolerating that mess.

513
00:26:23,920 --> 00:26:25,520
Speaker 1: You canna waste my money. You can't waste my time

514
00:26:26,040 --> 00:26:28,960
Speaker 1: on the other side of that, that that situation. If

515
00:26:29,000 --> 00:26:30,800
Speaker 1: I'm trying to come up and I'm trying to get

516
00:26:30,800 --> 00:26:33,399
Speaker 1: that John Bryant contract, I'm trying to get that Charlot

517
00:26:33,440 --> 00:26:35,520
Speaker 1: Magae or you know whoever Laura in the country, what

518
00:26:35,760 --> 00:26:37,400
Speaker 1: I need to make sure I'm top of the mark.

519
00:26:37,440 --> 00:26:39,760
Speaker 1: I make sure that that when I leave the room,

520
00:26:39,800 --> 00:26:43,080
Speaker 1: nobody should say, but you know, I like I like Lauren,

521
00:26:43,600 --> 00:26:48,400
Speaker 1: you know I like but but I like I like them.

522
00:26:48,840 --> 00:26:51,960
Speaker 1: But no, no, no, that's a problem. When you're born

523
00:26:52,080 --> 00:26:54,720
Speaker 1: black in America, you gotta be twice as smart, twice

524
00:26:54,720 --> 00:26:56,880
Speaker 1: as intelligent, twice as well a dressed, show up twice

525
00:26:56,880 --> 00:26:58,880
Speaker 1: as early, leave twice as late, and understand you don't

526
00:26:58,880 --> 00:27:00,920
Speaker 1: get half the pay, and don't have an attitude about it.

527
00:27:01,359 --> 00:27:04,040
Speaker 1: Just let the haters make you better. Over the round.

528
00:27:04,119 --> 00:27:05,600
Speaker 1: Through it, we're going to get to it. Life's not

529
00:27:05,800 --> 00:27:09,080
Speaker 1: fair and there is no perfect. Don't let the perfect

530
00:27:09,119 --> 00:27:11,040
Speaker 1: be the death of the good. I was saying that earlier,

531
00:27:11,080 --> 00:27:13,440
Speaker 1: but I lost my point. Don't let the perfect be

532
00:27:13,520 --> 00:27:15,480
Speaker 1: and the death of the good. There is no perfect.

533
00:27:15,800 --> 00:27:19,000
Speaker 1: This game is not changing, It's getting worse, harder, quicker, faster,

534
00:27:19,280 --> 00:27:21,440
Speaker 1: and it's gonna leave us behind. With us sitting here

535
00:27:21,800 --> 00:27:24,800
Speaker 1: noodling around rearranging the deck chairs and the Titanic. We

536
00:27:24,960 --> 00:27:28,199
Speaker 1: have got to get our hustle focused on the right thing.

537
00:27:28,600 --> 00:27:30,400
Speaker 2: I don't disagree with you about but you say, work

538
00:27:30,480 --> 00:27:33,440
Speaker 2: twice as hard that you have to pay initially.

539
00:27:33,680 --> 00:27:35,240
Speaker 3: That's why people don't like capitab. So what.

540
00:27:37,080 --> 00:27:39,320
Speaker 1: Life's not fair? I didn't create the system. I'm telling

541
00:27:39,359 --> 00:27:42,119
Speaker 1: you how to work it. Look, there's some things that

542
00:27:42,200 --> 00:27:45,840
Speaker 1: it just isn't. Why is a black neighborhood worth less

543
00:27:45,840 --> 00:27:50,959
Speaker 1: than a white neighborhood Because in the nineteen twenties nineteen thirties,

544
00:27:51,280 --> 00:27:54,359
Speaker 1: the federal government redlined We don't have time to go

545
00:27:54,400 --> 00:27:56,600
Speaker 1: into details here, but literally the federal government put a

546
00:27:56,760 --> 00:27:59,600
Speaker 1: red marker and said these neighbors is are dangerous. And

547
00:27:59,680 --> 00:28:02,200
Speaker 1: then there was a green neighborhood and yellow neighborhoods. So

548
00:28:02,280 --> 00:28:05,200
Speaker 1: where did the federal guarantees go for mortgages? Went to

549
00:28:05,280 --> 00:28:08,119
Speaker 1: the green and the yellow neighborhoods, where the bank's finance

550
00:28:08,240 --> 00:28:11,600
Speaker 1: loans in the green and the yellow neighborhoods, where that

551
00:28:11,760 --> 00:28:14,960
Speaker 1: nobody finance a loane in the red neighborhoods. So the

552
00:28:15,040 --> 00:28:17,679
Speaker 1: real estate got depressed in values in the red neighborhoods

553
00:28:17,800 --> 00:28:20,800
Speaker 1: you follow me, and the real estates increased in value

554
00:28:20,840 --> 00:28:22,960
Speaker 1: because they were able to get financing at prime rates

555
00:28:23,560 --> 00:28:27,359
Speaker 1: in the yellow and the green neighborhoods. Now, that's historic,

556
00:28:27,440 --> 00:28:29,840
Speaker 1: and that's one hundred years old. I can't change that,

557
00:28:30,960 --> 00:28:32,639
Speaker 1: and I'm not gonna sit here in debate about it.

558
00:28:33,119 --> 00:28:35,520
Speaker 1: But when I bought that condover two hundred thousand dollars

559
00:28:36,520 --> 00:28:39,720
Speaker 1: and sold up to seven and fifty thousand dollars, I

560
00:28:39,880 --> 00:28:43,640
Speaker 1: cleared a profit of five hundred and fifty thousand dollars.

561
00:28:43,960 --> 00:28:47,840
Speaker 1: I'm not saying yeah, but the guy across the freeway

562
00:28:49,000 --> 00:28:51,680
Speaker 1: was double that. It probably was double that, by the way,

563
00:28:51,880 --> 00:28:55,840
Speaker 1: But that ain't nothing to do with me. That's still

564
00:28:55,920 --> 00:28:58,640
Speaker 1: my five hundred and fifty thousand dollars, and I still

565
00:28:58,680 --> 00:29:02,840
Speaker 1: turn that into five million dollars. My money still works

566
00:29:02,920 --> 00:29:07,120
Speaker 1: for me, My wealth works for me, My success works

567
00:29:07,160 --> 00:29:09,560
Speaker 1: for me. But if you spend your time being angry,

568
00:29:12,080 --> 00:29:15,920
Speaker 1: angry is not a strategy. Frustration is not a business plan.

569
00:29:17,120 --> 00:29:19,920
Speaker 1: And by the way, I asked people this, how's that

570
00:29:20,040 --> 00:29:24,320
Speaker 1: work for us? So far? So we've been We've tried

571
00:29:24,360 --> 00:29:26,120
Speaker 1: everything else. So what I said about when I first

572
00:29:26,160 --> 00:29:28,960
Speaker 1: came in here, we tried everything else. We tried government,

573
00:29:29,600 --> 00:29:34,480
Speaker 1: we tried civil service, social justice, We've tried working for

574
00:29:34,560 --> 00:29:37,000
Speaker 1: the man, not working for the man. We've tried illegal,

575
00:29:37,400 --> 00:29:40,440
Speaker 1: we tried you know, we tried all we tried. How's

576
00:29:40,480 --> 00:29:43,920
Speaker 1: it worked? Has that set us free? It's like, well,

577
00:29:43,920 --> 00:29:47,840
Speaker 1: he would ask me about this said, It's like somebody saying, well,

578
00:29:47,880 --> 00:29:51,000
Speaker 1: why should I try God? Because God cannot possibly mismanaged

579
00:29:51,000 --> 00:29:54,560
Speaker 1: and scrip your life worse than you have, so you

580
00:29:54,640 --> 00:29:55,280
Speaker 1: give him a shot.

581
00:29:55,440 --> 00:29:59,760
Speaker 5: My question is, you know, people like easy conversations, right,

582
00:30:00,160 --> 00:30:01,080
Speaker 5: They're like, not an easy one.

583
00:30:01,120 --> 00:30:02,080
Speaker 4: They like to be guided, right.

584
00:30:02,120 --> 00:30:03,280
Speaker 5: And the reason I say they like to be guid

585
00:30:03,280 --> 00:30:05,120
Speaker 5: it because a lot of times people just don't know, right.

586
00:30:05,160 --> 00:30:07,400
Speaker 5: We only see what our environment is, right.

587
00:30:07,440 --> 00:30:07,960
Speaker 3: That's why for.

588
00:30:09,520 --> 00:30:11,400
Speaker 5: Long time people wanted to be rappers. They wanted to

589
00:30:11,440 --> 00:30:13,560
Speaker 5: be basketball players, they wanted to be baseball players. What

590
00:30:13,640 --> 00:30:15,360
Speaker 5: people see what they see fast. They want to be

591
00:30:15,440 --> 00:30:17,440
Speaker 5: drug dealers because they see the local drug dealers, that's right.

592
00:30:17,680 --> 00:30:20,960
Speaker 5: So for people that's out there, what do you tell people?

593
00:30:21,200 --> 00:30:22,160
Speaker 5: Because they want to be guided?

594
00:30:22,240 --> 00:30:22,320
Speaker 7: Right?

595
00:30:22,560 --> 00:30:24,400
Speaker 5: I see you post something that says, you know, think

596
00:30:24,440 --> 00:30:27,480
Speaker 5: about buying a business rather than starting one from scratch.

597
00:30:27,800 --> 00:30:30,960
Speaker 4: So break that down of those recommendations.

598
00:30:31,960 --> 00:30:35,800
Speaker 1: So now we're getting into the real Let's let's bust

599
00:30:35,880 --> 00:30:39,160
Speaker 1: up another myth. I want that bag, I want that cash,

600
00:30:39,240 --> 00:30:41,800
Speaker 1: I want that dollar, I want that money. Get that

601
00:30:41,920 --> 00:30:44,239
Speaker 1: out of here. It's useless. All money is is an

602
00:30:44,240 --> 00:30:49,000
Speaker 1: exchange of value. I could take your jacket right in

603
00:30:49,080 --> 00:30:51,200
Speaker 1: the back of your jacket, pay to the order of

604
00:30:51,920 --> 00:30:54,960
Speaker 1: routing number, checking account number, and an amount, take your

605
00:30:55,040 --> 00:30:56,920
Speaker 1: jacket to the bank and they have to go in

606
00:30:57,200 --> 00:30:59,520
Speaker 1: in the bank in the back and start huddling about

607
00:30:59,520 --> 00:31:03,560
Speaker 1: whether they are under a legal responsibility. You know where

608
00:31:03,560 --> 00:31:07,520
Speaker 1: I'm going to cash your jacket because all a check is.

609
00:31:07,640 --> 00:31:09,720
Speaker 1: When we used to use checks, all a check is

610
00:31:09,920 --> 00:31:12,600
Speaker 1: is a medium to transfer the value of the money

611
00:31:12,640 --> 00:31:16,520
Speaker 1: that's in your account. So we've gotten obsessed. We look

612
00:31:16,560 --> 00:31:18,600
Speaker 1: at for love and all the wrong places and obsessing

613
00:31:18,640 --> 00:31:21,760
Speaker 1: about the only thing, the wrong thing about money. You

614
00:31:21,800 --> 00:31:23,720
Speaker 1: make money during the day, you build wealth and your sleep.

615
00:31:24,880 --> 00:31:27,120
Speaker 1: This is a big one. Where are we spending all

616
00:31:27,200 --> 00:31:31,760
Speaker 1: of our time short term cash? So if your outflow

617
00:31:31,760 --> 00:31:33,800
Speaker 1: exeeds your inflow, then your overhead, it will be your

618
00:31:33,880 --> 00:31:36,560
Speaker 1: downfall if I'm an NBA player. By the way, seventy

619
00:31:36,600 --> 00:31:39,880
Speaker 1: percent of NBA players, seventy percent of NFL players bankrupt

620
00:31:39,960 --> 00:31:42,520
Speaker 1: in five years after retirement. Seventy percent of those who

621
00:31:42,520 --> 00:31:46,400
Speaker 1: win the Lobbry lottery bank rup five years after they

622
00:31:46,440 --> 00:31:48,520
Speaker 1: get the money. So it's not just about the money.

623
00:31:49,680 --> 00:31:53,200
Speaker 1: If it was about the money, everybody be cool. They

624
00:31:53,240 --> 00:31:55,520
Speaker 1: are not financially literate and they're not using the money

625
00:31:55,640 --> 00:31:58,280
Speaker 1: to build wealth. Take that money and put it into

626
00:31:58,360 --> 00:32:00,600
Speaker 1: an asset, and the asset can be on your ass

627
00:32:02,200 --> 00:32:04,360
Speaker 1: Put it in an asset. Can I say that you

628
00:32:04,400 --> 00:32:11,400
Speaker 1: already did and and and and by homes, by tangible

629
00:32:11,480 --> 00:32:15,840
Speaker 1: assets that will compound. That's the first key to building

630
00:32:16,000 --> 00:32:19,000
Speaker 1: wealth because when the income stops, the bills continue. This

631
00:32:19,120 --> 00:32:21,280
Speaker 1: is really important. I don't know why we don't get this.

632
00:32:21,560 --> 00:32:23,239
Speaker 1: If you're making it. If you're an NBA player, you're

633
00:32:23,240 --> 00:32:26,560
Speaker 1: making five million dollars a year and your bills are

634
00:32:28,560 --> 00:32:30,640
Speaker 1: three and a half million dollars a year, you're gonna

635
00:32:30,640 --> 00:32:33,880
Speaker 1: be broke. You broke, I arrested a half Yeah, but

636
00:32:34,840 --> 00:32:37,520
Speaker 1: even okay, let's make it easier. Because you're you're really

637
00:32:37,560 --> 00:32:39,680
Speaker 1: you're you're really smart. You got that already. Let's assume

638
00:32:39,720 --> 00:32:42,400
Speaker 1: you you make five million dollars a year and your

639
00:32:42,440 --> 00:32:44,800
Speaker 1: bills are a million and a half dollars a year,

640
00:32:45,960 --> 00:32:48,800
Speaker 1: and you have no other skills, and you're twenty eight

641
00:32:49,360 --> 00:32:52,640
Speaker 1: and your contract lasts eight years, You're going to be

642
00:32:52,720 --> 00:32:56,280
Speaker 1: broken because when you finish that contract, guess what your

643
00:32:56,320 --> 00:33:00,560
Speaker 1: bills still are one point five year. What's your income now?

644
00:33:01,000 --> 00:33:01,200
Speaker 3: Zero?

645
00:33:01,600 --> 00:33:06,080
Speaker 1: Zero? So it's just simple math. At some point it's

646
00:33:06,120 --> 00:33:08,600
Speaker 1: gonna cross. The lines are gonna cross, and it's happened

647
00:33:08,600 --> 00:33:10,560
Speaker 1: now for thirty years. We've been watching this same movie

648
00:33:10,640 --> 00:33:12,600
Speaker 1: for thirty years. It's a slow moving train wreck, right,

649
00:33:12,720 --> 00:33:15,960
Speaker 1: but we don't learn so right now, you said another

650
00:33:16,040 --> 00:33:18,200
Speaker 1: key thing, why are we spending twenty thousand dollars for

651
00:33:18,320 --> 00:33:22,280
Speaker 1: a gofund me campaign, a start, you know, to raise

652
00:33:22,360 --> 00:33:24,800
Speaker 1: money from our relatives going to be upset with us

653
00:33:24,880 --> 00:33:28,000
Speaker 1: or in the pizza shop startup that's gonna fail. Why

654
00:33:28,120 --> 00:33:31,800
Speaker 1: not go and buy a million dollar business, a seven

655
00:33:31,840 --> 00:33:35,120
Speaker 1: figure business in your town that's already successful. There's a

656
00:33:35,200 --> 00:33:37,840
Speaker 1: one hundred between eighty eight trillion and one hundred trillion

657
00:33:37,840 --> 00:33:40,640
Speaker 1: dollars of wealth it's gonna transfer in the next ten

658
00:33:40,680 --> 00:33:43,800
Speaker 1: to fifteen years by baby boomers. These are white, wealthy people,

659
00:33:43,920 --> 00:33:46,960
Speaker 1: mostly men, who are all trying to retire at the

660
00:33:47,040 --> 00:33:49,440
Speaker 1: same time. In the book, I talk about that there's

661
00:33:49,520 --> 00:33:52,640
Speaker 1: ten thousand people leaving the economy every day. It's this

662
00:33:52,800 --> 00:33:55,080
Speaker 1: is a deep number. Let me phrase that, there are

663
00:33:55,120 --> 00:34:00,880
Speaker 1: ten thousand baby boomers leaving the economy every day. Death,

664
00:34:00,960 --> 00:34:04,560
Speaker 1: you're dying, another retire. Everybody wants to go play golf

665
00:34:04,600 --> 00:34:09,040
Speaker 1: at the same time. So they owned businesses. Now now

666
00:34:09,040 --> 00:34:10,799
Speaker 1: where they're doing this money, you're gonna they're gonna give

667
00:34:10,800 --> 00:34:13,520
Speaker 1: the stocks, the bonds, the cash, the houses to their wives,

668
00:34:13,600 --> 00:34:16,160
Speaker 1: the husbands and their children. Kids don't want the businesses.

669
00:34:16,239 --> 00:34:19,360
Speaker 1: Is too much work. There's nothing wrong with the business.

670
00:34:20,600 --> 00:34:23,640
Speaker 1: This is an opportunity for us. Go meet yourself. A

671
00:34:23,680 --> 00:34:28,399
Speaker 1: white person. I'm being sarcastic. Go meet you, an Asian person,

672
00:34:28,560 --> 00:34:30,640
Speaker 1: Go meet you, Go meet go meet a black person

673
00:34:30,640 --> 00:34:32,040
Speaker 1: that owns a business. I don't care what color they are.

674
00:34:32,200 --> 00:34:35,440
Speaker 1: It's a green person. Go find somebody. When you drive

675
00:34:35,480 --> 00:34:37,160
Speaker 1: down the street, you listening to this on the radio.

676
00:34:37,680 --> 00:34:39,640
Speaker 1: Driving down the street, you see that office building in

677
00:34:39,640 --> 00:34:43,120
Speaker 1: those little squares, those are all businesses, an architecture business.

678
00:34:43,400 --> 00:34:49,080
Speaker 1: A dentist is a business. The lawyer is a business.

679
00:34:49,520 --> 00:34:52,520
Speaker 1: Whatever you're going to in those little squares or the

680
00:34:52,840 --> 00:34:56,120
Speaker 1: retail those are all businesses. Fine one that looks around

681
00:34:56,200 --> 00:35:01,319
Speaker 1: sixty five. Befriend them, get to know them, should prove

682
00:35:01,360 --> 00:35:05,480
Speaker 1: to them that you are competent, because their kids don't

683
00:35:05,520 --> 00:35:07,520
Speaker 1: want the business, and they may not even like their kids.

684
00:35:08,320 --> 00:35:11,440
Speaker 1: And then real talk and saying, look.

685
00:35:11,239 --> 00:35:11,799
Speaker 4: I'd like to buy.

686
00:35:11,880 --> 00:35:14,040
Speaker 1: After about six months or a year building that relationship,

687
00:35:14,719 --> 00:35:18,200
Speaker 1: it can't be a game. Now, really, mister Joe or

688
00:35:18,239 --> 00:35:21,279
Speaker 1: missus jail, I'd like to buy this business. Are you interested? Well,

689
00:35:21,320 --> 00:35:24,280
Speaker 1: you know, I really, I really would like to transition.

690
00:35:24,520 --> 00:35:26,480
Speaker 1: Do you have any money? Well, no, but I got

691
00:35:26,560 --> 00:35:28,719
Speaker 1: a lot of hustle, and I can probably take get

692
00:35:28,719 --> 00:35:30,759
Speaker 1: a bank loan for half of this. I've already done

693
00:35:30,800 --> 00:35:32,920
Speaker 1: to run the numbers. And if you carry back paper,

694
00:35:34,440 --> 00:35:36,960
Speaker 1: which means a the owner finance is part of this

695
00:35:37,160 --> 00:35:39,160
Speaker 1: carry back paper for forty percent, I can get the

696
00:35:39,200 --> 00:35:42,080
Speaker 1: ten percent. It's a million dollar purchase. I'll get five

697
00:35:42,200 --> 00:35:45,239
Speaker 1: thousand loan, forty percent carry back from you, and I'll

698
00:35:45,280 --> 00:35:47,560
Speaker 1: bring one hundred thousand and I'll buy your business. And

699
00:35:47,640 --> 00:35:49,560
Speaker 1: by the way, if it doesn't work, you get it

700
00:35:49,640 --> 00:35:53,359
Speaker 1: all back. If I fail, you get the business back

701
00:35:53,440 --> 00:35:57,719
Speaker 1: in three to five years. That's a great deal. Everybody wins.

702
00:35:57,760 --> 00:36:00,480
Speaker 1: Fair change is no robbery, right so, and I already

703
00:36:00,480 --> 00:36:02,799
Speaker 1: said in the negotiation is where everybody leaves the table

704
00:36:02,920 --> 00:36:08,879
Speaker 1: slightly annoyed, explain that bring real quick. People wouldn't understand capitalism. Okay,

705
00:36:09,320 --> 00:36:13,239
Speaker 1: So this is a this is a consumer. This is

706
00:36:13,320 --> 00:36:16,160
Speaker 1: the this is the this is the producer. The economists

707
00:36:16,160 --> 00:36:18,640
Speaker 1: here economic, this is economic. This is the capitalist here

708
00:36:18,719 --> 00:36:19,440
Speaker 1: and this is the consumer.

709
00:36:19,480 --> 00:36:21,279
Speaker 4: You got left handed, right hand out because members radio,

710
00:36:21,280 --> 00:36:22,440
Speaker 4: so people driving in the cause.

711
00:36:22,280 --> 00:36:26,279
Speaker 1: Also, left hand is the consumer. Right hand is the capital.

712
00:36:26,960 --> 00:36:30,480
Speaker 1: This is negotiating table at the mic. The consumer's job,

713
00:36:31,200 --> 00:36:33,800
Speaker 1: please listen to me, is to pay the least amount

714
00:36:33,840 --> 00:36:38,400
Speaker 1: of money while getting the most amount of value. The

715
00:36:38,560 --> 00:36:42,440
Speaker 1: capitalist job is to is to get is to extract

716
00:36:42,560 --> 00:36:46,000
Speaker 1: the most amount of money while giving the least amount

717
00:36:46,000 --> 00:36:50,839
Speaker 1: of value. That's your job, the consumers, that's your job

718
00:36:51,000 --> 00:36:52,920
Speaker 1: is to pay the leads for the most. The capitalist

719
00:36:53,040 --> 00:36:54,719
Speaker 1: job is to get the most while giving the least.

720
00:36:55,000 --> 00:36:59,840
Speaker 1: Everybody has a job a negotiation. Now in our economy,

721
00:36:59,880 --> 00:37:01,319
Speaker 1: the price is already said. You go to the store,

722
00:37:01,480 --> 00:37:02,640
Speaker 1: it already has a price on it. But you go

723
00:37:02,640 --> 00:37:04,359
Speaker 1: to a third world country or a second world country,

724
00:37:04,400 --> 00:37:07,120
Speaker 1: you're you're hackling with You're talking to the merchants of

725
00:37:07,120 --> 00:37:09,440
Speaker 1: the corner. You try to figure out the prices. A

726
00:37:09,520 --> 00:37:14,040
Speaker 1: good negotiation is where everybody leaves that negotiation slightly annoyed

727
00:37:15,080 --> 00:37:17,240
Speaker 1: because nobody got everything they wanted.

728
00:37:18,200 --> 00:37:20,080
Speaker 3: I want to ask you a few questions, right because

729
00:37:20,239 --> 00:37:21,120
Speaker 3: people ahead.

730
00:37:21,719 --> 00:37:23,520
Speaker 1: I'm just want to make sure that we're covering all

731
00:37:23,600 --> 00:37:27,600
Speaker 1: the ground. Because you just you said something really important,

732
00:37:27,880 --> 00:37:30,479
Speaker 1: which is big, and I went in underscore. Go find

733
00:37:30,520 --> 00:37:34,080
Speaker 1: you a business broker. Stop all this jan yang. Go

734
00:37:34,200 --> 00:37:36,640
Speaker 1: find a business broker in your town. Stop talking about

735
00:37:36,640 --> 00:37:38,680
Speaker 1: a billion dollar company. Stop talking about one hundred million

736
00:37:38,680 --> 00:37:40,440
Speaker 1: dollar company. You ain't got fifty dollars of your name.

737
00:37:41,280 --> 00:37:44,200
Speaker 1: Go to your in Columbus, Georgia, or wherever you live.

738
00:37:44,719 --> 00:37:48,240
Speaker 1: There is a dentist with three locations making seven figures.

739
00:37:48,680 --> 00:37:49,560
Speaker 1: Buy that business.

740
00:37:49,680 --> 00:37:51,320
Speaker 2: But see, that's where I wanted to start, right. We

741
00:37:51,440 --> 00:37:53,680
Speaker 2: always here build well by the business. But how do

742
00:37:53,719 --> 00:37:55,959
Speaker 2: you build well by the business when you're starting with nothing?

743
00:37:56,000 --> 00:37:57,280
Speaker 2: You got bills and bad credit.

744
00:37:57,640 --> 00:38:00,600
Speaker 1: That's what I started, builds bad credit, afford credit score.

745
00:38:00,600 --> 00:38:03,640
Speaker 1: I was homeless, at lattiher And Airport in Los Angeles,

746
00:38:03,719 --> 00:38:07,440
Speaker 1: or anybody your listeners who are driving by Lotierra and Airport,

747
00:38:07,520 --> 00:38:10,239
Speaker 1: that that parking lot was my home for almost a

748
00:38:10,320 --> 00:38:12,560
Speaker 1: year as homeless person. My credit was tow up from

749
00:38:12,600 --> 00:38:14,880
Speaker 1: the flow up, and I could have filed bankruptcy, but

750
00:38:14,920 --> 00:38:18,239
Speaker 1: I wanted to honor my debts. My mother treated me

751
00:38:18,520 --> 00:38:21,200
Speaker 1: to train me to live up to my responsibilities in

752
00:38:21,280 --> 00:38:23,680
Speaker 1: my dad. So I had to work my way back

753
00:38:23,760 --> 00:38:26,760
Speaker 1: from nothing. So I'm not talking at somebody, I'm talking

754
00:38:26,840 --> 00:38:30,480
Speaker 1: with you. I'm saying out right where they're sitting the

755
00:38:30,640 --> 00:38:33,840
Speaker 1: lowest credit score. Look, let's go back to the original premise.

756
00:38:33,880 --> 00:38:37,640
Speaker 1: I said, you thought that you'd won. No somebody wanted

757
00:38:37,760 --> 00:38:43,000
Speaker 1: for you. Now win for yourself. Because you can't control legislation, racism,

758
00:38:43,239 --> 00:38:45,359
Speaker 1: whether somebody going to hire you, fire you, you can't

759
00:38:45,360 --> 00:38:49,520
Speaker 1: control that. You can control your credit score. Black people

760
00:38:49,600 --> 00:38:52,520
Speaker 1: have the lowest credit score on average in America six,

761
00:38:53,480 --> 00:38:56,040
Speaker 1: which means that yours is seven hundred, and yours is

762
00:38:56,040 --> 00:38:59,200
Speaker 1: eight hundred, and mine is seven fifty, and Pooky and

763
00:38:59,239 --> 00:39:02,480
Speaker 1: them Jojo and our cousins are five hundreds, and it's

764
00:39:02,480 --> 00:39:04,600
Speaker 1: all bounced out. But on average at six twenty you

765
00:39:04,680 --> 00:39:08,360
Speaker 1: can't get a decent car loan at six twenty. You know,

766
00:39:08,480 --> 00:39:12,840
Speaker 1: the car business is an eighteen percent interest. About that.

767
00:39:13,680 --> 00:39:17,600
Speaker 1: That's not a Mercedes, is Mercedes payments, and it's going

768
00:39:17,680 --> 00:39:19,520
Speaker 1: to blow up, by the way, by the way, a

769
00:39:19,600 --> 00:39:24,759
Speaker 1: car a car dealership. It's three businesses. The sales side,

770
00:39:24,840 --> 00:39:29,040
Speaker 1: the least profitable, the financing department, and the main is

771
00:39:29,080 --> 00:39:31,719
Speaker 1: the department. Those are the most profitable. Right, so that

772
00:39:31,840 --> 00:39:35,080
Speaker 1: cars going maintenance is most profitable. It's going back to them.

773
00:39:35,840 --> 00:39:37,360
Speaker 1: So we have the lowest credit score. You want to

774
00:39:37,400 --> 00:39:39,320
Speaker 1: buy a house, you can't buy a house at six twenty.

775
00:39:40,840 --> 00:39:43,399
Speaker 1: You need seven hundred. Well, you can get a house,

776
00:39:43,400 --> 00:39:45,480
Speaker 1: it's going to be a really bad loan. And you

777
00:39:45,520 --> 00:39:48,359
Speaker 1: shouldn't get an adjustable rate loan ever to buy a house.

778
00:39:48,480 --> 00:39:51,160
Speaker 1: Nothing that is five figures of more should be adjustable rates.

779
00:39:51,280 --> 00:39:53,960
Speaker 1: Please hear me. You want to buy a business, you

780
00:39:54,040 --> 00:39:57,439
Speaker 1: cannot get a business loan at seven. At six hundred

781
00:39:57,440 --> 00:40:00,279
Speaker 1: credit score, the banker is not being racist. Where they

782
00:40:00,360 --> 00:40:02,480
Speaker 1: might be racist, but they're not being racist. When they

783
00:40:02,560 --> 00:40:04,920
Speaker 1: turn you down, it's bad. It's a bad credit decision

784
00:40:04,920 --> 00:40:08,400
Speaker 1: because small businesses are risky. Its form of credit. If

785
00:40:08,480 --> 00:40:11,040
Speaker 1: you listen to me. If you have a job and

786
00:40:11,239 --> 00:40:12,960
Speaker 1: you listen to what I'm saying, get your credit score

787
00:40:13,000 --> 00:40:16,200
Speaker 1: to seven hundred. Go to your computer at midnight. Just

788
00:40:16,280 --> 00:40:20,800
Speaker 1: test my theory and ask for a thirty five thousand

789
00:40:20,840 --> 00:40:25,480
Speaker 1: dollars credit card. Watch a computer say yes. Don't believe me.

790
00:40:26,560 --> 00:40:29,680
Speaker 1: Go test my theory. Go get our coaching or somebody's.

791
00:40:29,760 --> 00:40:31,960
Speaker 1: Don't pay for it. We do it on scholarship, so

792
00:40:32,000 --> 00:40:34,319
Speaker 1: I'm not charging you at operational hope. Get your credit

793
00:40:34,360 --> 00:40:36,919
Speaker 1: scord to seven hundred. Just don't believe the thing I'm saying.

794
00:40:37,000 --> 00:40:39,319
Speaker 1: This is the first step. Get your credit from toe

795
00:40:39,400 --> 00:40:43,000
Speaker 1: up and the flow up from six hundred to seven hundred.

796
00:40:43,719 --> 00:40:47,319
Speaker 1: By the way, for every fifty points of increasing your

797
00:40:47,320 --> 00:40:52,560
Speaker 1: credit score, you live five more years. I'm gonna reverse that.

798
00:40:52,800 --> 00:40:55,680
Speaker 1: Back it up. If you live in our neighborhoods, check cashers,

799
00:40:55,680 --> 00:40:58,800
Speaker 1: payday loan lenders, rent their own stores, title lenders, liquor stores,

800
00:40:58,880 --> 00:41:01,920
Speaker 1: pawn shops you live, your credit score is on average

801
00:41:02,360 --> 00:41:04,439
Speaker 1: five eighty six hundred. You lived at sixty one years

802
00:41:04,440 --> 00:41:04,799
Speaker 1: of age.

803
00:41:06,200 --> 00:41:06,800
Speaker 3: I agree.

804
00:41:06,880 --> 00:41:10,320
Speaker 2: I believe that whole heartedly because people statistics show that

805
00:41:10,440 --> 00:41:13,480
Speaker 2: people would wealthy people who live like twelve years.

806
00:41:13,360 --> 00:41:16,880
Speaker 1: Longer twenty it's twenty oh, got twenty, so fifteen minutes.

807
00:41:17,000 --> 00:41:22,240
Speaker 1: So somebody here is listening from Chicago Lincoln Park downtown.

808
00:41:22,920 --> 00:41:25,440
Speaker 1: That's seven forty credit score. They live, they live in

809
00:41:25,520 --> 00:41:29,200
Speaker 1: their almost in their nineties. Fifteen minutes away is Garfield Park.

810
00:41:30,120 --> 00:41:32,399
Speaker 1: That's five eighty credit score. You lived sixty one years

811
00:41:32,400 --> 00:41:35,239
Speaker 1: of age. Fifteen minute drive on the freeway. Nothing else

812
00:41:35,320 --> 00:41:39,719
Speaker 1: is different. But but your money affects your mind. Your

813
00:41:39,760 --> 00:41:42,440
Speaker 1: mind affects your mindset, and your mentality and your depression

814
00:41:42,520 --> 00:41:44,960
Speaker 1: or lack thereof, and a surviving mindset. If you are

815
00:41:45,360 --> 00:41:50,320
Speaker 1: struggling and hustling and worrying all the time, eating bad food,

816
00:41:51,000 --> 00:41:55,680
Speaker 1: not getting your rest, you're gonna die early. So with

817
00:41:55,960 --> 00:41:59,320
Speaker 1: affecting one affects everything else. So anybody who listening to

818
00:41:59,400 --> 00:42:05,520
Speaker 1: this take a I will put up right now. I'll

819
00:42:05,560 --> 00:42:09,480
Speaker 1: put up ten thousand dollars, ten one thousand dollars examples.

820
00:42:09,640 --> 00:42:11,640
Speaker 1: You have ten people who call in the year show

821
00:42:12,040 --> 00:42:14,719
Speaker 1: contact you, and they're gonna take this test. I'm gonna

822
00:42:14,719 --> 00:42:17,200
Speaker 1: do what John Brian says. I've got a job. My

823
00:42:17,280 --> 00:42:18,799
Speaker 1: credit sco is tow up. I'm gonna get my credit

824
00:42:18,800 --> 00:42:21,319
Speaker 1: score within a year to seven hundred and I'm gonna

825
00:42:21,320 --> 00:42:23,520
Speaker 1: go to the computer and ask something less than seventy

826
00:42:23,600 --> 00:42:25,919
Speaker 1: five thousand dollars, less than a hundred thousand dollars consumer credit.

827
00:42:26,280 --> 00:42:29,000
Speaker 1: And if I get declined, John Brinos me one thousand dollars,

828
00:42:29,080 --> 00:42:31,359
Speaker 1: I'll pay it. I know the answer. And when they're

829
00:42:31,360 --> 00:42:32,080
Speaker 1: gonta get approved.

830
00:42:32,160 --> 00:42:36,280
Speaker 3: You at Operation Hope, you actually help people repair their credit.

831
00:42:36,080 --> 00:42:38,440
Speaker 1: One hundred percentree and I've delivered four and a half

832
00:42:38,480 --> 00:42:41,360
Speaker 1: billion dollars worth of capital just through Operation Hope. In

833
00:42:41,480 --> 00:42:44,240
Speaker 1: what I'm talking about, we actually say no loans denied.

834
00:42:45,440 --> 00:42:47,480
Speaker 1: We're the only nonprofit allowed to operate in siut of

835
00:42:47,520 --> 00:42:50,200
Speaker 1: a bank branch in US history, and on the walls

836
00:42:50,239 --> 00:42:53,280
Speaker 1: of our office it says no loans denied. We approve

837
00:42:53,440 --> 00:42:56,320
Speaker 1: you subject to the resolution of your primary denial factors.

838
00:42:56,640 --> 00:42:58,399
Speaker 1: We figure out why you be declined for a loan.

839
00:42:58,480 --> 00:43:01,359
Speaker 1: We figure we figured out, we tell you what's up,

840
00:43:01,560 --> 00:43:04,880
Speaker 1: we help you fix it, repair it, upgrade it, and

841
00:43:05,000 --> 00:43:06,839
Speaker 1: then we send you back over to the bank who

842
00:43:06,880 --> 00:43:09,279
Speaker 1: wants to make your loan, because if they don't, they

843
00:43:09,360 --> 00:43:13,000
Speaker 1: go broke. So that banks tells you we know what

844
00:43:13,080 --> 00:43:16,920
Speaker 1: the bank's criteria is. Otherwise we wouldn't send you back

845
00:43:16,920 --> 00:43:19,640
Speaker 1: to them. So when we have never had a situation

846
00:43:19,719 --> 00:43:21,759
Speaker 1: where we actually had to fund the loan in thirty

847
00:43:21,800 --> 00:43:25,160
Speaker 1: three years out of four point five billion dollars, because

848
00:43:25,200 --> 00:43:27,280
Speaker 1: the bank always says yes once we repair it, because

849
00:43:27,520 --> 00:43:29,560
Speaker 1: they want it's that about a black person, or a

850
00:43:29,680 --> 00:43:32,080
Speaker 1: Latino person, or an Asian person, or any person. It's

851
00:43:32,080 --> 00:43:35,640
Speaker 1: a green person. They want good loans. But our credit

852
00:43:35,680 --> 00:43:39,800
Speaker 1: score once once again is the lowest in the country.

853
00:43:39,840 --> 00:43:42,200
Speaker 1: So get in the game. By getting your credit score up,

854
00:43:42,239 --> 00:43:44,880
Speaker 1: you'll live longer, You'll be happier. By the way, And

855
00:43:44,960 --> 00:43:46,839
Speaker 1: as the lady told me again from Delta last night,

856
00:43:46,880 --> 00:43:51,640
Speaker 1: I'm getting yeses, she said, her whole life change. The

857
00:43:51,719 --> 00:43:54,640
Speaker 1: bank's telling me yes. I mean, can you imagine what

858
00:43:54,719 --> 00:43:58,040
Speaker 1: that does? Yeah, of course to your confidence and your

859
00:43:58,040 --> 00:44:02,960
Speaker 1: self esteem. So I'm just very excited about this. I

860
00:44:03,040 --> 00:44:04,759
Speaker 1: just think this is our moment, our time. And then

861
00:44:04,800 --> 00:44:07,560
Speaker 1: once you get one win, it leads to the second

862
00:44:07,600 --> 00:44:09,560
Speaker 1: one and the third one, and all of a sudden,

863
00:44:09,640 --> 00:44:10,719
Speaker 1: you're flying. I do have one.

864
00:44:10,880 --> 00:44:12,080
Speaker 4: I got to run. I'm sorry, but I just got

865
00:44:12,080 --> 00:44:16,160
Speaker 4: one question before I go. You know, the biggest conversation.

866
00:44:15,880 --> 00:44:17,480
Speaker 1: I love you having you at the table man, I

867
00:44:17,520 --> 00:44:19,000
Speaker 1: don't want you to go now, you know it is.

868
00:44:19,080 --> 00:44:20,360
Speaker 4: I got a doctor's point. I got make sure I

869
00:44:20,360 --> 00:44:20,759
Speaker 4: stay healthy.

870
00:44:24,120 --> 00:44:27,880
Speaker 3: Crazy don't.

871
00:44:29,480 --> 00:44:31,000
Speaker 1: What's important. Everybody get your process.

872
00:44:31,760 --> 00:44:34,239
Speaker 5: It's not a prospect though, but you know, my question

873
00:44:34,360 --> 00:44:37,480
Speaker 5: to you is is when should parents start having these

874
00:44:37,520 --> 00:44:38,600
Speaker 5: conversations with kids?

875
00:44:38,680 --> 00:44:38,799
Speaker 3: Right?

876
00:44:39,200 --> 00:44:40,719
Speaker 4: And the reason I asked that is I.

877
00:44:40,760 --> 00:44:44,279
Speaker 5: Have six and I see the difference between when I

878
00:44:44,360 --> 00:44:47,160
Speaker 5: started being an entrepreneur and I started messing around with money.

879
00:44:47,600 --> 00:44:49,400
Speaker 5: That want my kids right? So like my kids, they

880
00:44:49,440 --> 00:44:51,080
Speaker 5: got this thing. Now they're about to get in trouble,

881
00:44:51,120 --> 00:44:54,319
Speaker 5: but they'll go to Wolverines or they go five below.

882
00:44:54,360 --> 00:44:56,880
Speaker 5: They buy candy and they sell candy at school. That's right, right,

883
00:44:56,960 --> 00:44:58,640
Speaker 5: it's a profit. I let them do it because I

884
00:44:58,800 --> 00:45:00,320
Speaker 5: just love that they're starting business.

885
00:45:00,360 --> 00:45:00,800
Speaker 4: In business.

886
00:45:00,880 --> 00:45:02,440
Speaker 3: Mind at early you know, he's.

887
00:45:02,320 --> 00:45:03,960
Speaker 5: Mad at me because he doesn't have apple paste, and

888
00:45:03,960 --> 00:45:05,480
Speaker 5: he's like dad, these kids would have paid they will be.

889
00:45:05,560 --> 00:45:06,080
Speaker 4: They can't pay me.

890
00:45:06,520 --> 00:45:08,920
Speaker 5: So my question to you is, at what age do

891
00:45:09,040 --> 00:45:11,880
Speaker 5: you start with kids with credit, with credit cards, with

892
00:45:11,960 --> 00:45:15,960
Speaker 5: having a bank account, with whether it's real estate, whether

893
00:45:15,960 --> 00:45:18,080
Speaker 5: it's stock market, whether it's whatever it may be. At

894
00:45:18,160 --> 00:45:21,080
Speaker 5: what age do you start and what's the way they

895
00:45:21,120 --> 00:45:24,439
Speaker 5: should start for parents out there? So they're not forty

896
00:45:24,480 --> 00:45:26,520
Speaker 5: year old parents just getting their first home. So they're

897
00:45:26,600 --> 00:45:28,759
Speaker 5: teaching these kids a lot earlier. So what age and

898
00:45:28,840 --> 00:45:31,279
Speaker 5: what's the mission or the way that they should do it.

899
00:45:31,880 --> 00:45:34,000
Speaker 1: First of all, you're a great parent man, Thank you.

900
00:45:34,160 --> 00:45:36,680
Speaker 1: This is what you just said. That's fantastic.

901
00:45:36,680 --> 00:45:38,040
Speaker 5: All of a sudden, my son down to you for

902
00:45:38,200 --> 00:45:43,120
Speaker 5: a month. I'm sending because he's he's on it. They'll

903
00:45:43,120 --> 00:45:45,200
Speaker 5: train you, train you come out with a look with muscles,

904
00:45:45,200 --> 00:45:46,239
Speaker 5: but I'm sending them to you.

905
00:45:46,760 --> 00:45:49,160
Speaker 1: All good. So do you know what My first business was?

906
00:45:49,760 --> 00:45:50,960
Speaker 4: No shrivele?

907
00:45:51,719 --> 00:46:00,239
Speaker 3: Oh it out by the way ither.

908
00:45:59,800 --> 00:46:02,960
Speaker 1: They to run American Advands ran and so trade. Quite literally,

909
00:46:03,000 --> 00:46:04,560
Speaker 1: I was a ban I was a whole another part

910
00:46:04,640 --> 00:46:06,319
Speaker 1: of my life and years and years ago.

911
00:46:08,480 --> 00:46:10,600
Speaker 4: First business, first business, sorry I was.

912
00:46:11,239 --> 00:46:14,200
Speaker 1: I ran a candy house, same thing as your kids doing.

913
00:46:14,560 --> 00:46:16,360
Speaker 1: I was nine years old and I went to a

914
00:46:16,400 --> 00:46:19,520
Speaker 1: financial literacy lesson in Compton, California. This banker did not

915
00:46:19,600 --> 00:46:22,000
Speaker 1: want to be there. White banker did not want to

916
00:46:22,040 --> 00:46:25,239
Speaker 1: be there. As banker made them come community service. We

917
00:46:25,320 --> 00:46:27,759
Speaker 1: didn't want them there. Came in once a week for

918
00:46:27,920 --> 00:46:30,640
Speaker 1: six weeks. All of the rest of my kids, the

919
00:46:30,680 --> 00:46:33,720
Speaker 1: friends of my friends, but they're playing games and throwing

920
00:46:33,800 --> 00:46:37,239
Speaker 1: paper planes, all kinds of things. Because I saw my

921
00:46:37,320 --> 00:46:40,920
Speaker 1: best friend get murdered with the drug dealer try and

922
00:46:40,960 --> 00:46:43,160
Speaker 1: sell for money, and because I saw the guy who

923
00:46:43,200 --> 00:46:46,040
Speaker 1: saved my life getting murdered two years before that over

924
00:46:46,120 --> 00:46:50,799
Speaker 1: money drugs, and my mom and dad divorced over money.

925
00:46:50,840 --> 00:46:52,920
Speaker 1: When I was four or five years old, I was like, Okay,

926
00:46:53,360 --> 00:46:55,759
Speaker 1: how do I get out of this situation alive and

927
00:46:56,080 --> 00:46:58,880
Speaker 1: legal and profitable. So I'm looking for an answer, and

928
00:46:58,960 --> 00:47:01,279
Speaker 1: this banker comes in my class. So by the third

929
00:47:01,320 --> 00:47:03,520
Speaker 1: time I raised my hand. He came in the third week,

930
00:47:03,560 --> 00:47:06,480
Speaker 1: Excuse me, sir, what do you do for a living

931
00:47:06,600 --> 00:47:09,760
Speaker 1: and how'd you get rich legally? And I was serious.

932
00:47:09,760 --> 00:47:11,560
Speaker 1: He said, I'm a banker and not fans on entrepreneurs.

933
00:47:11,560 --> 00:47:13,080
Speaker 1: I said, I don't know what an entrepreneur is, but

934
00:47:13,160 --> 00:47:16,719
Speaker 1: it is legal. I'm gonna be one. And he started

935
00:47:16,800 --> 00:47:18,440
Speaker 1: unpacking this. That's when I said. I walked down the

936
00:47:18,480 --> 00:47:20,600
Speaker 1: street and saw the muffler shop and the candy shop

937
00:47:20,640 --> 00:47:22,680
Speaker 1: and so with the liquor store, and I said, you're

938
00:47:22,680 --> 00:47:24,360
Speaker 1: selling the wrong kind of candy and He told me

939
00:47:24,400 --> 00:47:25,719
Speaker 1: to go away. He knew what he was doing at

940
00:47:25,719 --> 00:47:29,000
Speaker 1: a college degree. I said, I've got cavities, and I

941
00:47:29,040 --> 00:47:30,719
Speaker 1: didn't realize I was asking for a joint venture. But

942
00:47:30,760 --> 00:47:32,520
Speaker 1: I was like, work with being let me help you

943
00:47:32,640 --> 00:47:35,480
Speaker 1: sell candy, and he dismissed me. So I worked as

944
00:47:35,520 --> 00:47:37,960
Speaker 1: a box boy. He wanted something. He wanted to have

945
00:47:38,120 --> 00:47:42,080
Speaker 1: me up front at the candy counter, and he was

946
00:47:42,080 --> 00:47:45,560
Speaker 1: gonna pay me top dollar after school. This is indicative

947
00:47:45,600 --> 00:47:47,680
Speaker 1: of our community. We are always taking these filosphy jobs,

948
00:47:47,719 --> 00:47:50,080
Speaker 1: taking the high profile stuff, rocking the mic. We don't

949
00:47:50,080 --> 00:47:52,319
Speaker 1: own it. Now. I don't want that job. I want

950
00:47:52,400 --> 00:47:54,520
Speaker 1: the box boy. So I want to know where the

951
00:47:54,520 --> 00:47:57,560
Speaker 1: inventory was. I wanted to open the inventory box, pull

952
00:47:57,600 --> 00:47:59,520
Speaker 1: out the inventory list of that banker told me about,

953
00:47:59,800 --> 00:48:02,719
Speaker 1: and look for the source of the inventory, the wholesale rate,

954
00:48:02,800 --> 00:48:04,320
Speaker 1: what he bought it for, in the retail rate, in

955
00:48:04,400 --> 00:48:06,839
Speaker 1: the profit margin. I found out three weeks later, I quit.

956
00:48:07,360 --> 00:48:09,759
Speaker 1: I went home, borrowed forty dollars. My mother made three

957
00:48:09,800 --> 00:48:12,600
Speaker 1: hundred dollars a week selling candy, just like your son,

958
00:48:12,880 --> 00:48:14,760
Speaker 1: and put the liquor store out of the candy business.

959
00:48:15,440 --> 00:48:18,600
Speaker 1: Now that did wonders from my self esteem I was

960
00:48:18,840 --> 00:48:24,799
Speaker 1: ten years old. Now in Atlanta and kindergarten, it thinks

961
00:48:24,840 --> 00:48:27,479
Speaker 1: to Mayor Andre Dickens and Mayor Keisha Land's bottles before.

962
00:48:28,160 --> 00:48:30,719
Speaker 1: We have a bank account called a hope child save

963
00:48:30,800 --> 00:48:35,240
Speaker 1: his account for every kindergarten kid in Atlanta public schools,

964
00:48:35,719 --> 00:48:39,759
Speaker 1: twelve thousand accounts. Now, studies have shown if you have

965
00:48:39,920 --> 00:48:42,360
Speaker 1: money in an account, sorry, you're a kid with no

966
00:48:42,440 --> 00:48:44,640
Speaker 1: money in the account, you're twenty five percent more likely

967
00:48:44,719 --> 00:48:46,759
Speaker 1: to go to college. If you put money in that

968
00:48:46,800 --> 00:48:50,000
Speaker 1: account fifty bucks, one hundred bucks, it's the kid is

969
00:48:50,080 --> 00:48:53,959
Speaker 1: seventy five percent more likely to graduate from college at kindergarten.

970
00:48:54,600 --> 00:48:57,920
Speaker 1: So kids are paying attention the consequences and connecting the

971
00:48:58,040 --> 00:49:00,360
Speaker 1: dots at a very early age. I don't think he

972
00:49:00,400 --> 00:49:04,239
Speaker 1: can start early enough because money transmits and transfers into

973
00:49:04,280 --> 00:49:04,920
Speaker 1: everything we do.

974
00:49:05,200 --> 00:49:07,520
Speaker 4: One other question, but I got to round. I'm so sorry, y'all.

975
00:49:08,080 --> 00:49:11,080
Speaker 5: I was reading something where they say the Jewish community, right,

976
00:49:11,120 --> 00:49:12,680
Speaker 5: when they look at the job, they look at it differently.

977
00:49:12,800 --> 00:49:14,279
Speaker 5: Let me know if you think it's real, If you

978
00:49:14,320 --> 00:49:16,279
Speaker 5: think it's true, if you heard this right, They said,

979
00:49:16,280 --> 00:49:18,359
Speaker 5: when the Jewish community looks at a job, they look

980
00:49:18,400 --> 00:49:20,640
Speaker 5: at it as first, when they go to that job,

981
00:49:20,760 --> 00:49:24,120
Speaker 5: they look at it to understand the job, meaning learn.

982
00:49:24,000 --> 00:49:26,120
Speaker 4: The process of actually what the job is about.

983
00:49:26,640 --> 00:49:26,960
Speaker 1: They said.

984
00:49:26,960 --> 00:49:29,480
Speaker 5: The second year they look at the connects of the

985
00:49:29,600 --> 00:49:31,279
Speaker 5: job to figure out how to do it on their own.

986
00:49:31,680 --> 00:49:32,040
Speaker 4: They said.

987
00:49:32,040 --> 00:49:34,759
Speaker 5: The third year is they usually quit and start that

988
00:49:35,360 --> 00:49:37,640
Speaker 5: job as kind of like being in competition.

989
00:49:38,120 --> 00:49:38,920
Speaker 4: Do you see that a lot?

990
00:49:38,960 --> 00:49:40,560
Speaker 1: And is that true? One hundred percent?

991
00:49:40,880 --> 00:49:42,279
Speaker 4: Break it down, because when I heard it, I was

992
00:49:42,440 --> 00:49:43,000
Speaker 4: I was amazed.

993
00:49:43,280 --> 00:49:45,920
Speaker 1: I thought that was By the way, the Jewish community

994
00:49:46,200 --> 00:49:48,719
Speaker 1: is a model. I joke sometimes and say we need

995
00:49:48,760 --> 00:49:51,480
Speaker 1: a black Jewish business plan, and I'm only partially joking.

996
00:49:52,719 --> 00:49:54,920
Speaker 1: Jews are two percent I think of the US population

997
00:49:55,440 --> 00:49:59,879
Speaker 1: and forty of the billion. Let that sinking, Wow, damn?

998
00:50:00,239 --> 00:50:04,360
Speaker 1: Should I say that again? The Jewish there's only fifteen

999
00:50:04,400 --> 00:50:09,360
Speaker 1: million Jews in the world of eight billion people. And

1000
00:50:09,440 --> 00:50:11,480
Speaker 1: black people have to become to Africa with Jews are

1001
00:50:11,520 --> 00:50:13,960
Speaker 1: to Israel, which is a resource whole another conversation. But

1002
00:50:14,280 --> 00:50:16,480
Speaker 1: Jews are only two percent of the US population, but

1003
00:50:16,600 --> 00:50:21,200
Speaker 1: they are forty percent of the wealth of the billionaires

1004
00:50:21,200 --> 00:50:23,319
Speaker 1: in this country. And they've done it on their own.

1005
00:50:23,320 --> 00:50:25,719
Speaker 1: They've done it because they've been discriminated against. I mean

1006
00:50:25,960 --> 00:50:29,520
Speaker 1: it's still being to this day and so and by

1007
00:50:29,560 --> 00:50:31,680
Speaker 1: the way, anyway, it's whole another conversation. But I think

1008
00:50:31,719 --> 00:50:33,840
Speaker 1: we have a lot to learn from from from the

1009
00:50:33,960 --> 00:50:36,720
Speaker 1: Jewish community. I think we have to learn more African

1010
00:50:36,800 --> 00:50:40,840
Speaker 1: brothers and sisters who come here from Ethiopia and Nigeria, uh,

1011
00:50:40,960 --> 00:50:43,960
Speaker 1: and they go working at the BA. They're the belman

1012
00:50:44,320 --> 00:50:47,480
Speaker 1: at the Park Hyatt. Then they get their buddies to

1013
00:50:47,520 --> 00:50:50,560
Speaker 1: be belman. Then they they're then they're in the first

1014
00:50:50,560 --> 00:50:52,279
Speaker 1: they're in the front desk, and then they're at the

1015
00:50:52,320 --> 00:50:55,480
Speaker 1: concierge desk, and then they then they get an ubercar,

1016
00:50:56,120 --> 00:50:58,359
Speaker 1: and they get a black car, and then they get

1017
00:50:58,360 --> 00:51:01,160
Speaker 1: an apartment and they are all living together and they're

1018
00:51:01,239 --> 00:51:05,399
Speaker 1: all running this business. It started as a job as

1019
00:51:05,440 --> 00:51:07,680
Speaker 1: a gigs. Just the exact point they learned the game.

1020
00:51:07,920 --> 00:51:10,600
Speaker 1: They want Why Why the front desk, that's where people

1021
00:51:10,640 --> 00:51:14,040
Speaker 1: are checking in. That's a trait that now you know

1022
00:51:14,120 --> 00:51:17,839
Speaker 1: who can pay, who can Why the concierge desk because

1023
00:51:17,840 --> 00:51:20,120
Speaker 1: they're they're making arrangements to go to concerts, to go

1024
00:51:20,200 --> 00:51:24,120
Speaker 1: to events, because that's where the transaction for transportation goes.

1025
00:51:24,600 --> 00:51:26,759
Speaker 1: Why then Uber because that's the easiest way to get

1026
00:51:26,800 --> 00:51:30,640
Speaker 1: into transportation. And then they start ridding the car. Then

1027
00:51:30,640 --> 00:51:32,680
Speaker 1: they want to then they buy the car, and why

1028
00:51:32,760 --> 00:51:35,000
Speaker 1: the why the apartment they're living together so they can

1029
00:51:35,040 --> 00:51:38,359
Speaker 1: pool their money until they can buy a house. It's

1030
00:51:38,480 --> 00:51:40,200
Speaker 1: it's really we need to We need to make smart

1031
00:51:40,239 --> 00:51:43,279
Speaker 1: sexy again. We've been making dumb sexy for way too long.

1032
00:51:43,320 --> 00:51:46,000
Speaker 1: We've dombed down and celebrated it. We've got to make

1033
00:51:46,040 --> 00:51:48,960
Speaker 1: smart sexy. We gotta make we got to make boring sexy.

1034
00:51:49,440 --> 00:51:52,640
Speaker 1: A lot of what I'm saying is basic. We we

1035
00:51:52,880 --> 00:51:57,640
Speaker 1: we have mastered the complicated. We now to now get

1036
00:51:57,719 --> 00:52:01,400
Speaker 1: back to the base. That's why I I'm saying capitalism

1037
00:52:01,440 --> 00:52:05,719
Speaker 1: for all. I'm saying, try it. It's not like we

1038
00:52:05,840 --> 00:52:09,960
Speaker 1: tried this at scale and it didn't work. People want

1039
00:52:10,000 --> 00:52:15,120
Speaker 1: to talk about Greenwood or you know Tulsa or you know, Okay,

1040
00:52:15,200 --> 00:52:19,000
Speaker 1: that was five square blocks. That wasn't the whole city,

1041
00:52:19,040 --> 00:52:21,560
Speaker 1: it wasn't the whole state. It wasn't a decade. And people,

1042
00:52:21,640 --> 00:52:23,359
Speaker 1: if you want to deal with great with Tulsa, let's

1043
00:52:23,400 --> 00:52:26,560
Speaker 1: deal with with Tulsa example. So Tousa was an example

1044
00:52:26,640 --> 00:52:31,439
Speaker 1: of black success, black ownership, black excellence. White folks burned

1045
00:52:31,480 --> 00:52:35,600
Speaker 1: it down racist, horrible. What happened next, That's where the

1046
00:52:35,640 --> 00:52:37,160
Speaker 1: story ends. Were a lot of people we rebuilt it.

1047
00:52:38,120 --> 00:52:44,560
Speaker 1: It lasted into the nineteen sixties. What happened integration once

1048
00:52:44,640 --> 00:52:47,480
Speaker 1: we realized once the laws changed again, the second reconstruction

1049
00:52:47,719 --> 00:52:51,040
Speaker 1: and we can go to a white man's barbershop, or

1050
00:52:51,080 --> 00:52:53,880
Speaker 1: a white man's Dennists, or a white men's store. We

1051
00:52:54,000 --> 00:52:56,479
Speaker 1: wanted to try it out. I understand that we wanted

1052
00:52:56,520 --> 00:52:59,480
Speaker 1: the thing that was denied us. I get it. But

1053
00:52:59,560 --> 00:53:02,200
Speaker 1: what happened and to the core businesses that relied on

1054
00:53:02,360 --> 00:53:05,200
Speaker 1: that closed economy, they failed?

1055
00:53:05,520 --> 00:53:07,080
Speaker 3: I want to ask to a couple more questions.

1056
00:53:07,160 --> 00:53:09,839
Speaker 1: Right, I hope I answered your question. Send your send

1057
00:53:09,840 --> 00:53:10,320
Speaker 1: your son to me.

1058
00:53:10,400 --> 00:53:12,200
Speaker 3: Man, congrats on your prostate.

1059
00:53:12,560 --> 00:53:15,719
Speaker 2: But listen, do you think too much emphasis gets put

1060
00:53:15,800 --> 00:53:20,520
Speaker 2: on personal responsibility when it structural barriers are still very real?

1061
00:53:21,120 --> 00:53:24,640
Speaker 1: No, because it's not that this is a This is

1062
00:53:24,680 --> 00:53:29,400
Speaker 1: an end conversation, not an or conversation. You have groundwater effects,

1063
00:53:29,840 --> 00:53:34,239
Speaker 1: and and and then you have title effects. Groundwater are

1064
00:53:34,320 --> 00:53:37,480
Speaker 1: things you can't change, baseline things you can't change. We

1065
00:53:37,560 --> 00:53:40,920
Speaker 1: need we need Washington D C. Congress people. That's why

1066
00:53:41,080 --> 00:53:43,759
Speaker 1: you're elected officials really matter. They've got to change those

1067
00:53:43,920 --> 00:53:47,120
Speaker 1: laws and affect that in the way that changes the groundwater,

1068
00:53:47,560 --> 00:53:52,120
Speaker 1: change the system. Meanwhile, you got title effects. Where's the

1069
00:53:52,200 --> 00:53:55,359
Speaker 1: wind blowing, where's the opportunity flowing? What are you doing

1070
00:53:55,440 --> 00:53:58,560
Speaker 1: about it? And to me, the one thing, I'm a

1071
00:53:58,600 --> 00:54:02,520
Speaker 1: control free I want to handle the thing I can control.

1072
00:54:03,160 --> 00:54:06,720
Speaker 1: And I built my whole life without the government's intervention.

1073
00:54:08,120 --> 00:54:11,880
Speaker 1: I'm not asking for permission. All money is his freedom.

1074
00:54:12,560 --> 00:54:14,440
Speaker 1: Do you know how good it feels going well? You

1075
00:54:14,520 --> 00:54:17,040
Speaker 1: know it is to go into a room as I

1076
00:54:17,080 --> 00:54:18,879
Speaker 1: did last week and give people a five thousand dollars

1077
00:54:18,880 --> 00:54:21,719
Speaker 1: scholarship just because I felt like it. I need to

1078
00:54:21,760 --> 00:54:24,160
Speaker 1: go to a committee. I didn't have to go to

1079
00:54:24,280 --> 00:54:26,120
Speaker 1: a write or write paper.

1080
00:54:26,480 --> 00:54:26,840
Speaker 3: I love it.

1081
00:54:26,920 --> 00:54:29,160
Speaker 1: You know, yeah, you know what I think. I think

1082
00:54:29,160 --> 00:54:32,520
Speaker 1: I'm gonna give five one thousand dollars scholarships today. You know,

1083
00:54:32,560 --> 00:54:35,560
Speaker 1: I'm gonna givel like Atlanta five million dollars of financial

1084
00:54:35,600 --> 00:54:37,719
Speaker 1: coaching scholarships singing in a board meeting.

1085
00:54:37,800 --> 00:54:37,920
Speaker 3: You know.

1086
00:54:39,719 --> 00:54:41,839
Speaker 1: It, Just text my people, I just committed to five

1087
00:54:41,920 --> 00:54:44,600
Speaker 1: million dollars. You know how good that feels? See that?

1088
00:54:45,040 --> 00:54:47,480
Speaker 1: That's what I'm talking about. And the government had nothing

1089
00:54:47,680 --> 00:54:51,920
Speaker 1: to do with that. The groundwater effects had nothing to

1090
00:54:51,960 --> 00:54:54,640
Speaker 1: do with that. I was in rental real estate. I

1091
00:54:55,080 --> 00:54:56,719
Speaker 1: gave people a chance to go from rent to own.

1092
00:54:56,840 --> 00:54:58,399
Speaker 1: I built that company and sold it for one hundred

1093
00:54:58,440 --> 00:55:01,120
Speaker 1: twenty million dollars. I have in digital media. I got

1094
00:55:01,160 --> 00:55:04,040
Speaker 1: a podcast with you that's doing Money and Well podcast

1095
00:55:04,360 --> 00:55:06,920
Speaker 1: that that just was nominated for NAACP Image.

1096
00:55:06,640 --> 00:55:07,400
Speaker 3: You will amazing.

1097
00:55:08,800 --> 00:55:11,200
Speaker 1: I've I've got these books, don't don't you know that

1098
00:55:11,400 --> 00:55:13,440
Speaker 1: is not of my lifestyle, but it is something that

1099
00:55:13,520 --> 00:55:18,080
Speaker 1: fulfills me. I've got uh you know, I've created fifty businesses,

1100
00:55:18,880 --> 00:55:22,279
Speaker 1: none of which are in finance and financial literacy and

1101
00:55:22,360 --> 00:55:25,600
Speaker 1: real estate and all these different area AI now none

1102
00:55:25,640 --> 00:55:30,000
Speaker 1: of these involving the government. We're just we're traumatized. Were

1103
00:55:30,280 --> 00:55:34,000
Speaker 1: I think we are? We? I think we are depressed, distressed, traumatized.

1104
00:55:34,640 --> 00:55:38,000
Speaker 1: And and now what did Malcolm X say. We've been bamboozled,

1105
00:55:38,040 --> 00:55:40,839
Speaker 1: you've been tricked, you've been fooled, you've been hoodwinked, you've

1106
00:55:40,840 --> 00:55:43,600
Speaker 1: been running amok. So now it's the it's the shadow

1107
00:55:43,680 --> 00:55:47,319
Speaker 1: that's scaring us. It's the it's the threat of it's

1108
00:55:47,400 --> 00:55:50,200
Speaker 1: the history of it's the legacy of that keeps us

1109
00:55:50,200 --> 00:55:53,040
Speaker 1: from moving. And all I'm saying is, this is your time,

1110
00:55:54,120 --> 00:55:54,959
Speaker 1: this is your time.

1111
00:55:55,440 --> 00:55:57,239
Speaker 6: I think it's just like when I'm listening to you

1112
00:55:57,360 --> 00:55:59,720
Speaker 6: say that, you know how, like there's always a conversation

1113
00:55:59,719 --> 00:56:01,680
Speaker 6: about the one like the person that makes it out

1114
00:56:01,719 --> 00:56:03,840
Speaker 6: of their neighborhood or like whatever, right, and it's like,

1115
00:56:03,920 --> 00:56:05,440
Speaker 6: what's that I always try to think about, like what's

1116
00:56:05,480 --> 00:56:07,680
Speaker 6: the difference, Like we went to the same schools we

1117
00:56:07,800 --> 00:56:09,879
Speaker 6: went to maybe I went to college, maybe you didn't,

1118
00:56:09,960 --> 00:56:12,560
Speaker 6: or we've experienced the same people. What is the difference,

1119
00:56:12,600 --> 00:56:15,040
Speaker 6: And it's that mindset, But like there's still that that

1120
00:56:15,200 --> 00:56:17,600
Speaker 6: still happens, Like there's still people who are just as smart,

1121
00:56:17,920 --> 00:56:20,960
Speaker 6: went to the same schools, who one thing threw off

1122
00:56:21,000 --> 00:56:23,279
Speaker 6: their trajectory and then they fall back on the whole

1123
00:56:23,320 --> 00:56:26,160
Speaker 6: blaming on the system conversation. So we just remove that

1124
00:56:26,239 --> 00:56:28,479
Speaker 6: from our mind because there are people that are still

1125
00:56:28,560 --> 00:56:31,160
Speaker 6: trying want to do things that still keep coming up

1126
00:56:31,160 --> 00:56:32,560
Speaker 6: against this like something.

1127
00:56:32,400 --> 00:56:36,160
Speaker 1: So like what are we doing? And you're giving excellent questions, Yes,

1128
00:56:36,239 --> 00:56:39,080
Speaker 1: remove it from your mind. I walk through life consciously

1129
00:56:39,120 --> 00:56:42,000
Speaker 1: oblivious of most things around me because the stuff just

1130
00:56:42,040 --> 00:56:47,399
Speaker 1: doesn't matter. I am laser focused. I tell people I'm

1131
00:56:47,440 --> 00:56:49,680
Speaker 1: coming that way. I'm gonna encourage you to move out

1132
00:56:49,680 --> 00:56:50,840
Speaker 1: of the way. I don't want to run over you.

1133
00:56:50,960 --> 00:56:53,160
Speaker 1: I don't want to hurt you. I'm giving you fair warning.

1134
00:56:53,440 --> 00:56:56,160
Speaker 1: I'm coming that way over to rounded through it. I'm

1135
00:56:56,200 --> 00:56:59,840
Speaker 1: going to get to it. I take no Forrovidamins. Success

1136
00:56:59,880 --> 00:57:02,600
Speaker 1: is going from failure to failure without loss of enthusiasm.

1137
00:57:03,680 --> 00:57:07,360
Speaker 1: I'm coming that way. I'm warning you. That breeds confidence

1138
00:57:07,400 --> 00:57:09,759
Speaker 1: that people are like, oh dang, I don't even like you,

1139
00:57:09,840 --> 00:57:11,959
Speaker 1: but I respect you. I mean, that's that's sexy. Okay,

1140
00:57:12,160 --> 00:57:14,000
Speaker 1: maybe I'll join you. You know, I'm I was gonna

1141
00:57:14,000 --> 00:57:16,400
Speaker 1: get in your way, and maybe I'll get so. Yes,

1142
00:57:16,520 --> 00:57:19,680
Speaker 1: you have got to ignore the drama and and keep

1143
00:57:19,760 --> 00:57:23,840
Speaker 1: it moving. That's him, by the way, right, Ignore the drama,

1144
00:57:23,960 --> 00:57:26,880
Speaker 1: keep it moving, and and let me let me now

1145
00:57:27,000 --> 00:57:31,240
Speaker 1: go to the other side. The mainstream situation is they've

1146
00:57:31,280 --> 00:57:34,960
Speaker 1: got so many success stories and so much infrastructure. They

1147
00:57:35,000 --> 00:57:38,200
Speaker 1: can be half the half wits and half smart and

1148
00:57:38,360 --> 00:57:42,200
Speaker 1: half THEMB and they just get carried because their their

1149
00:57:42,280 --> 00:57:45,000
Speaker 1: boy is the CEO of a company, and there and

1150
00:57:45,080 --> 00:57:47,360
Speaker 1: the and then, and his sister is tired of the

1151
00:57:47,440 --> 00:57:50,120
Speaker 1: nephew sleeping on the couch, Can you give him an internship?

1152
00:57:51,080 --> 00:57:53,440
Speaker 1: And sure? Right, so he's not all that smart, but

1153
00:57:53,520 --> 00:57:57,120
Speaker 1: he still gets in. So that is an unfair advantage.

1154
00:57:57,520 --> 00:58:00,200
Speaker 1: We need to create that unfair advantage for our knit

1155
00:58:00,280 --> 00:58:03,640
Speaker 1: with cousins. And you're only going to do that role modeling.

1156
00:58:03,680 --> 00:58:06,240
Speaker 1: Why am I businessman? I'm sorry? Why am I an entrepreneur?

1157
00:58:06,360 --> 00:58:09,520
Speaker 1: My daddy was a businessman, His daddy was a sharecropper,

1158
00:58:10,080 --> 00:58:13,480
Speaker 1: and his granddaddy was a slave. Who's fault in the

1159
00:58:13,640 --> 00:58:16,640
Speaker 1: in the Union Army and protected Memphis, Tennessee as a

1160
00:58:17,520 --> 00:58:20,040
Speaker 1: George Young who is an officer? Why is my mother

1161
00:58:20,120 --> 00:58:21,840
Speaker 1: an investor in? Well, she's so good to me, and

1162
00:58:21,880 --> 00:58:23,560
Speaker 1: tell me she loved me because her mother didn't tell

1163
00:58:23,720 --> 00:58:27,919
Speaker 1: her she loved her, So she turned a negative into

1164
00:58:28,000 --> 00:58:31,640
Speaker 1: a positive. My mother owned seven homes. My grandmother owned

1165
00:58:31,640 --> 00:58:34,920
Speaker 1: a shotgun shot my great grandmother owned one house from

1166
00:58:35,000 --> 00:58:37,640
Speaker 1: slavery with a border a renter. I owned seven hundred.

1167
00:58:37,960 --> 00:58:41,320
Speaker 1: We're not geniuses, we're role modeling is an old saying,

1168
00:58:42,560 --> 00:58:44,200
Speaker 1: no matter how much I love you, my son and

1169
00:58:44,320 --> 00:58:47,920
Speaker 1: my daughter, if I don't have wisdom, all I can

1170
00:58:48,000 --> 00:58:51,160
Speaker 1: give you is my own ignorance. So out of love,

1171
00:58:51,240 --> 00:58:54,520
Speaker 1: we passed down bad habits from generation to generation. I

1172
00:58:54,640 --> 00:58:57,360
Speaker 1: can't guarantee you that being being positive and doing this

1173
00:58:57,440 --> 00:58:59,920
Speaker 1: is going to make you a success. I cannot. I

1174
00:59:00,200 --> 00:59:02,480
Speaker 1: absolutely guarantee you that being negative and not doing this

1175
00:59:02,560 --> 00:59:03,320
Speaker 1: is gonna make you fail.

1176
00:59:03,640 --> 00:59:06,240
Speaker 3: You keep saying try it. This is my last question.

1177
00:59:06,360 --> 00:59:10,720
Speaker 2: Right, is the wealth gap a capitalism problem? Or who

1178
00:59:10,920 --> 00:59:12,560
Speaker 2: has access to capitalism?

1179
00:59:16,480 --> 00:59:20,760
Speaker 1: The wealth gap is a historical problem because it already exists.

1180
00:59:22,320 --> 00:59:23,440
Speaker 3: How capitalism right?

1181
00:59:24,320 --> 00:59:26,920
Speaker 1: Because of bad capitalism was we talked about earlier. Slavery

1182
00:59:27,120 --> 00:59:30,720
Speaker 1: was bad capitalism. So let's go to the book and

1183
00:59:30,800 --> 00:59:33,560
Speaker 1: an example. I gave this a fifty year old it's

1184
00:59:33,560 --> 00:59:38,600
Speaker 1: a fifty year story. It's a fifty year old history

1185
00:59:38,680 --> 00:59:43,000
Speaker 1: of what's already happened. That proves my point. So in

1186
00:59:43,160 --> 00:59:46,400
Speaker 1: nineteen sixty eight, whatever, doctor King and Andrew Young, all

1187
00:59:46,440 --> 00:59:48,919
Speaker 1: these people, doctor Dorothy Hype fought for civil our civil rights,

1188
00:59:49,000 --> 00:59:53,120
Speaker 1: and we got affirmative action through President Johnson, President Kennedy

1189
00:59:53,200 --> 00:59:57,320
Speaker 1: and Honorary President King, doctor King, and then doctor King

1190
00:59:57,320 --> 01:00:00,880
Speaker 1: gets assassinated and then Kennedy comes in, which is a

1191
01:00:00,960 --> 01:00:04,600
Speaker 1: reaction to by the way, it's still happening. So Nixon

1192
01:00:04,680 --> 01:00:08,200
Speaker 1: was a reaction to Johnson, conservative reaction to suppose so

1193
01:00:08,320 --> 01:00:11,360
Speaker 1: called liberal By the way, Johnson was a responsible reaction

1194
01:00:11,480 --> 01:00:14,160
Speaker 1: into Lincoln in eighteen hundreds, and some would argue that

1195
01:00:14,400 --> 01:00:17,280
Speaker 1: what's happening now is a reaction to Obama. To Obama,

1196
01:00:17,920 --> 01:00:22,440
Speaker 1: just go back to your point. So in nineteen seventy two, women,

1197
01:00:23,040 --> 01:00:26,880
Speaker 1: a white woman could not get a bank account in

1198
01:00:27,040 --> 01:00:29,560
Speaker 1: nineteen seventy two, not eighteen seventy two. She couldn't get

1199
01:00:29,600 --> 01:00:32,880
Speaker 1: a loan unless her husband co signed it. There was

1200
01:00:32,920 --> 01:00:36,320
Speaker 1: a whole debate about women's roles. You guys couldn't have

1201
01:00:36,320 --> 01:00:38,480
Speaker 1: had you guys couldn't be sitting here in nineteen seventy two,

1202
01:00:38,640 --> 01:00:41,480
Speaker 1: white version of you couldn't be sitting here because you

1203
01:00:41,600 --> 01:00:43,840
Speaker 1: had to be at home with babies or whatever. You

1204
01:00:43,920 --> 01:00:45,480
Speaker 1: were not supposed to be in the workplace. There's a

1205
01:00:45,520 --> 01:00:48,000
Speaker 1: whole debate. So finally they said, break through debate. We're

1206
01:00:48,000 --> 01:00:49,760
Speaker 1: gonna give it from reaction. We're gonna give it to

1207
01:00:49,800 --> 01:00:52,840
Speaker 1: white women. I'm cool with that, No problem. That helped

1208
01:00:52,920 --> 01:00:55,479
Speaker 1: the door to black women, Latino women, and all women.

1209
01:00:56,360 --> 01:00:59,000
Speaker 1: What's the result Today? Women are a third of the

1210
01:00:59,080 --> 01:01:03,120
Speaker 1: US economy thirty three dollars economy, and women are eight

1211
01:01:03,160 --> 01:01:05,800
Speaker 1: to ten trade of that every year. So we hadn't

1212
01:01:05,800 --> 01:01:09,800
Speaker 1: got that experiment right, this would be we'd be a

1213
01:01:09,920 --> 01:01:13,720
Speaker 1: second tier nation today and also ram country. So we

1214
01:01:13,840 --> 01:01:17,320
Speaker 1: need to now apply that to what people call diversity

1215
01:01:18,040 --> 01:01:21,200
Speaker 1: and inclusion or what some people will call DEI, which

1216
01:01:21,240 --> 01:01:24,120
Speaker 1: I think is useless. I forget all these programmed names,

1217
01:01:24,160 --> 01:01:28,440
Speaker 1: forget all this drama, the math says. The math says

1218
01:01:29,440 --> 01:01:32,000
Speaker 1: that my rich friends, my poor friends do better if

1219
01:01:32,080 --> 01:01:34,920
Speaker 1: only to stay rich. The math says the forty percent

1220
01:01:34,960 --> 01:01:38,320
Speaker 1: of black of this country economy is diverse people us.

1221
01:01:38,640 --> 01:01:41,040
Speaker 1: The math says that within ten years this will be

1222
01:01:41,120 --> 01:01:43,160
Speaker 1: a majority of minorities. Now we're starting to get to

1223
01:01:43,200 --> 01:01:46,520
Speaker 1: the real deal unless we want to be speaking Chinese

1224
01:01:46,560 --> 01:01:51,479
Speaker 1: in twenty years. There's not enough successful, college educated white

1225
01:01:51,520 --> 01:01:54,640
Speaker 1: men for the first time in history to drive economic

1226
01:01:54,680 --> 01:01:56,360
Speaker 1: growth in the next twenty years. Now, if you haven't

1227
01:01:56,360 --> 01:02:00,240
Speaker 1: heard anything I've said, I hope you heard that never

1228
01:02:00,280 --> 01:02:03,200
Speaker 1: happened in the history of this country. This country actually

1229
01:02:03,360 --> 01:02:07,160
Speaker 1: needs you to be successful in order for them to

1230
01:02:07,280 --> 01:02:11,080
Speaker 1: keep their cars, their boats, their yachts, their houses, their businesses.

1231
01:02:11,520 --> 01:02:15,680
Speaker 1: We are a consumer base. We are a customer base.

1232
01:02:16,000 --> 01:02:19,320
Speaker 1: We are untapped capital. We are smart, we are good

1233
01:02:19,360 --> 01:02:23,000
Speaker 1: business people. We just have not been invested in. And

1234
01:02:23,200 --> 01:02:25,400
Speaker 1: I think that is what's happening. That is the new

1235
01:02:25,760 --> 01:02:29,320
Speaker 1: that is the opportunity that's now in front of us

1236
01:02:30,160 --> 01:02:31,760
Speaker 1: for the next ten years. And I've written a business

1237
01:02:31,760 --> 01:02:34,560
Speaker 1: plan for Black America. I've given you copies of it.

1238
01:02:35,080 --> 01:02:36,840
Speaker 3: We can people download this if they want.

1239
01:02:37,240 --> 01:02:39,840
Speaker 1: They can go to Dream Forward. You just you know,

1240
01:02:40,040 --> 01:02:41,840
Speaker 1: go to John O'Brien and Dream Forward, or go to

1241
01:02:42,160 --> 01:02:45,680
Speaker 1: the go to Capitalism for All the New website for

1242
01:02:45,760 --> 01:02:48,080
Speaker 1: the book, or go to and get the book, or

1243
01:02:48,160 --> 01:02:49,840
Speaker 1: go to Operation Hope. I made it really easy. Go

1244
01:02:49,920 --> 01:02:52,760
Speaker 1: to Operation Hope website, Brian good Venture's website, Capitalism for

1245
01:02:52,800 --> 01:02:55,200
Speaker 1: All website, Dream Forward. Are just typing my name and

1246
01:02:55,240 --> 01:02:59,439
Speaker 1: business plan for Black America. Download it. There's not one thought.

1247
01:02:59,520 --> 01:03:03,600
Speaker 1: There's not one I mentioned of the government in here anywhere, right,

1248
01:03:03,920 --> 01:03:05,800
Speaker 1: And this is and if we don't do this, here's

1249
01:03:05,800 --> 01:03:08,840
Speaker 1: what I can tell you. Black net worth is scheduled

1250
01:03:08,880 --> 01:03:13,000
Speaker 1: to be by twenty fifty three zero if we do

1251
01:03:13,160 --> 01:03:17,880
Speaker 1: nothing but complain and wine and belly ache. This is

1252
01:03:17,960 --> 01:03:20,680
Speaker 1: before the government walked away from you. This is before

1253
01:03:20,760 --> 01:03:23,360
Speaker 1: we were thrown into the fires of capitalism. It was

1254
01:03:23,360 --> 01:03:26,760
Speaker 1: scheduled to be zero, but with my plan says it

1255
01:03:26,880 --> 01:03:30,600
Speaker 1: could be three point five trillion dollars in ten years.

1256
01:03:31,560 --> 01:03:34,720
Speaker 1: That's a billion dollar. It's a trillion dollars. In business acquisition,

1257
01:03:36,360 --> 01:03:39,160
Speaker 1: it's a it's a trillion dollars. So let me give

1258
01:03:39,200 --> 01:03:40,880
Speaker 1: the me someone. Man, if you raise your credit score

1259
01:03:42,280 --> 01:03:44,960
Speaker 1: to seven hundred, if we go from six twenty to

1260
01:03:45,040 --> 01:03:47,680
Speaker 1: seven hundred, less than one hundred points, that's worth seven

1261
01:03:47,720 --> 01:03:51,919
Speaker 1: hundred and fifty billion dollars of net worth in ten years.

1262
01:03:52,360 --> 01:03:55,400
Speaker 1: You take that Seator credit score, you do what? Buy

1263
01:03:55,400 --> 01:03:58,520
Speaker 1: a house them on way you built, Whether in America

1264
01:03:58,640 --> 01:04:01,200
Speaker 1: is home ownership, don't in New York City or LA

1265
01:04:01,320 --> 01:04:03,320
Speaker 1: is too expensive. Go to a second tier city, Go

1266
01:04:03,360 --> 01:04:05,439
Speaker 1: to where the puck is going. Go to a city

1267
01:04:05,480 --> 01:04:08,600
Speaker 1: that's on that. I could have never been wealthy living

1268
01:04:08,640 --> 01:04:11,600
Speaker 1: in LA. I had to go buy. I moved to Atlanta,

1269
01:04:11,800 --> 01:04:13,800
Speaker 1: and I bought seven hundred homes for eighty eight thousand

1270
01:04:13,800 --> 01:04:16,240
Speaker 1: dollars each in Atlanta, those homes are now worth four

1271
01:04:16,360 --> 01:04:18,560
Speaker 1: hundred thousand dollars each. Just do the math. But I

1272
01:04:18,680 --> 01:04:21,080
Speaker 1: moved there in two thousand and nine. So find the

1273
01:04:21,120 --> 01:04:24,120
Speaker 1: next Atlanta. Find the next Nashville, find the next La,

1274
01:04:24,280 --> 01:04:27,120
Speaker 1: find the next stop. Stop trying to do everything in

1275
01:04:27,240 --> 01:04:30,520
Speaker 1: one place, right, Yeah, and buy a house with that

1276
01:04:30,600 --> 01:04:33,600
Speaker 1: high credit score. And that's worth eight hundred billion dollars.

1277
01:04:33,680 --> 01:04:35,600
Speaker 1: Now that eight hundred billion and seve hundred fifty billion

1278
01:04:35,600 --> 01:04:39,240
Speaker 1: that's helped me now one point five ish trillion. Go

1279
01:04:39,520 --> 01:04:43,920
Speaker 1: buy these businesses that already exist. That's another trillion artificial

1280
01:04:43,960 --> 01:04:46,800
Speaker 1: intelligence levels of playing field. You can start a business,

1281
01:04:46,840 --> 01:04:49,840
Speaker 1: a million dollar business with one person and technology with

1282
01:04:50,360 --> 01:04:53,080
Speaker 1: for a thousand bucks. That's never happened. A million dollar

1283
01:04:53,120 --> 01:04:57,120
Speaker 1: business that's a trillion dollars. In tenure has three trillion dollars.

1284
01:04:57,400 --> 01:05:00,960
Speaker 1: And I haven't said government one time. Why are we obsessing?

1285
01:05:01,120 --> 01:05:05,000
Speaker 1: Why are we screaming at the TV all day about

1286
01:05:05,040 --> 01:05:09,000
Speaker 1: something you can't control. You got the largest reality TV

1287
01:05:09,120 --> 01:05:11,919
Speaker 1: show in the history of the world going on in Washington, DC,

1288
01:05:12,360 --> 01:05:15,440
Speaker 1: and every day is a new episode. And they got us,

1289
01:05:15,520 --> 01:05:18,160
Speaker 1: They got us, They got us completely whipsawed and were

1290
01:05:18,160 --> 01:05:21,600
Speaker 1: sitting there obsessing about something you have no control over

1291
01:05:21,960 --> 01:05:25,360
Speaker 1: as they keep you distracted from something else. So focus,

1292
01:05:26,640 --> 01:05:30,160
Speaker 1: be obsessed with your time in your mind. Focus on

1293
01:05:30,240 --> 01:05:32,920
Speaker 1: what you can control. By the way I said this

1294
01:05:33,040 --> 01:05:35,680
Speaker 1: in the book. Ninety percent of all GDP in this

1295
01:05:35,800 --> 01:05:43,400
Speaker 1: country comes from cities, not the federal government. Go in

1296
01:05:43,440 --> 01:05:47,760
Speaker 1: your neighborhood, Volunteer in your school board, Volunteer for your mayor,

1297
01:05:48,440 --> 01:05:52,640
Speaker 1: Volunteer at your school where your kid goes, Start a

1298
01:05:52,680 --> 01:05:56,040
Speaker 1: business in your neighborhood. Give back, get your own home, right,

1299
01:05:56,880 --> 01:06:00,360
Speaker 1: I mean that's a full time job. Let's get to

1300
01:06:00,400 --> 01:06:04,240
Speaker 1: the base. Get an insurance policy, get a will, get

1301
01:06:04,280 --> 01:06:08,800
Speaker 1: a job, get a life, get your credit score. Right. Okay,

1302
01:06:08,880 --> 01:06:09,520
Speaker 1: I'm gonna stop.

1303
01:06:10,480 --> 01:06:12,439
Speaker 7: Do you want to say thank you John for helping

1304
01:06:12,480 --> 01:06:15,800
Speaker 7: me and my husband putting us together, putting us with

1305
01:06:15,880 --> 01:06:19,000
Speaker 7: a financial advisor. Oh no, you know, I appreciate it.

1306
01:06:19,440 --> 01:06:23,600
Speaker 7: Shout out to Lance Virgil Operation Hope. I totally appreciate it.

1307
01:06:23,640 --> 01:06:26,480
Speaker 7: Because we was about to pay some money to learn

1308
01:06:26,520 --> 01:06:30,040
Speaker 7: about financial literacy and John was like, now, it's like

1309
01:06:30,280 --> 01:06:33,200
Speaker 7: he literally kicked into like the uncle who was ready

1310
01:06:33,640 --> 01:06:35,720
Speaker 7: go off because he found out that, you know, we

1311
01:06:35,840 --> 01:06:38,840
Speaker 7: were about to pay for some financial literacy that you

1312
01:06:38,920 --> 01:06:41,880
Speaker 7: know that we can learn at Operation Hope. You just

1313
01:06:41,880 --> 01:06:44,000
Speaker 7: put us with a financial advisor. We're about to start

1314
01:06:44,080 --> 01:06:46,120
Speaker 7: these courses. Man, So I appreciate you.

1315
01:06:46,280 --> 01:06:48,240
Speaker 1: That's beautiful. And it's also beautiful that you were not

1316
01:06:48,320 --> 01:06:50,760
Speaker 1: afraid to say that right on the air. This is

1317
01:06:50,800 --> 01:06:52,760
Speaker 1: what I'm talking about. This is this is what makes

1318
01:06:52,840 --> 01:06:55,280
Speaker 1: makes me warns my heart. I can't I can't say

1319
01:06:55,320 --> 01:06:57,600
Speaker 1: these names. But if you know the kind of folks

1320
01:06:57,640 --> 01:07:01,600
Speaker 1: are calling my phone, these are these are household names,

1321
01:07:01,600 --> 01:07:03,840
Speaker 1: and they're like, look, I'm sick and tired of being

1322
01:07:03,880 --> 01:07:06,440
Speaker 1: sick and tired. Yeah, like, help me, I'm trying to

1323
01:07:06,480 --> 01:07:08,560
Speaker 1: do this. I mess this up, Help me fix this.

1324
01:07:08,960 --> 01:07:11,280
Speaker 1: Some of the biggest stars and names on the planet

1325
01:07:11,520 --> 01:07:14,960
Speaker 1: are saying I'm tired of struggling. Oh yeah.

1326
01:07:15,000 --> 01:07:17,560
Speaker 3: Some of them called me to get to you. Can

1327
01:07:17,600 --> 01:07:18,840
Speaker 3: you connect me with John O'Brien.

1328
01:07:19,160 --> 01:07:21,560
Speaker 1: I'm just very inspired man about this moment. I think

1329
01:07:21,600 --> 01:07:24,560
Speaker 1: we have a real shot, a real shot and turning

1330
01:07:24,560 --> 01:07:28,680
Speaker 1: into tide on this Rainbows only follow storms. You cannot

1331
01:07:28,720 --> 01:07:30,480
Speaker 1: have a rainbow with our storm. First, you cannot grow

1332
01:07:30,520 --> 01:07:33,960
Speaker 1: except the legitimate suffering. And who has suffered more than us.

1333
01:07:34,480 --> 01:07:37,680
Speaker 1: We've been doing so much with so little for so long.

1334
01:07:38,400 --> 01:07:41,600
Speaker 1: We can almost do anything with nothing. Over the rounded

1335
01:07:41,600 --> 01:07:43,080
Speaker 1: through it, We're gonna get that. We're not gonna give up.

1336
01:07:43,640 --> 01:07:47,000
Speaker 1: So my white friends are like, oh, there's a crisis.

1337
01:07:47,160 --> 01:07:50,840
Speaker 1: We have a crisis every Tuesday. Crisis, don't bother us.

1338
01:07:51,400 --> 01:07:54,480
Speaker 1: So the fact that you said this, I'm honored to

1339
01:07:54,520 --> 01:07:56,520
Speaker 1: help you. But the fact that you acknowledged this, and

1340
01:07:56,560 --> 01:07:58,280
Speaker 1: by the way, kudos in your book I ordered something.

1341
01:07:58,360 --> 01:08:01,960
Speaker 1: Thank you a lot about your maturity and your growth,

1342
01:08:02,560 --> 01:08:04,120
Speaker 1: because half of this is just showing up in your

1343
01:08:04,120 --> 01:08:06,800
Speaker 1: own life. No one's coming to save us. We gotta

1344
01:08:06,800 --> 01:08:10,160
Speaker 1: do that for ourselves. Has this been useful? I mean,

1345
01:08:10,200 --> 01:08:10,800
Speaker 1: has this been is.

1346
01:08:11,040 --> 01:08:12,880
Speaker 4: Very much, very much.

1347
01:08:13,600 --> 01:08:17,600
Speaker 3: And we got a couple of calls to action. You know,

1348
01:08:17,640 --> 01:08:19,800
Speaker 3: we want you to go to uh, you know what

1349
01:08:19,920 --> 01:08:20,760
Speaker 3: is it? Dream Forward?

1350
01:08:20,840 --> 01:08:23,920
Speaker 1: Dream Forward? Yeah, download the Business Plan for Black America.

1351
01:08:23,720 --> 01:08:26,120
Speaker 2: An inclusive economic business plan for Black America. And we

1352
01:08:26,160 --> 01:08:28,439
Speaker 2: want you to go pick up the book Capitalism for All.

1353
01:08:29,120 --> 01:08:29,760
Speaker 2: John ho'b brien.

1354
01:08:29,880 --> 01:08:32,360
Speaker 1: Also, I wrote a business plan for Latino Americans, for

1355
01:08:32,439 --> 01:08:36,000
Speaker 1: Native American Indians, for women's, for rural white neighborhoods. I

1356
01:08:36,080 --> 01:08:37,639
Speaker 1: wrote one for everybody, So I got.

1357
01:08:37,680 --> 01:08:38,120
Speaker 3: To read both.

1358
01:08:38,280 --> 01:08:45,680
Speaker 1: Yes, reoth.

1359
01:08:47,120 --> 01:08:49,360
Speaker 2: Is John O'Brien, go pick up Capitalism for All. To

1360
01:08:49,400 --> 01:08:51,920
Speaker 2: make sure you download the Money and Wealth podcast on

1361
01:08:52,000 --> 01:08:54,439
Speaker 2: the Black Effect Podcast Network. John O'Brien will actually be

1362
01:08:54,560 --> 01:08:57,639
Speaker 2: with us at the Black Effect Podcast Festival in Atlanta,

1363
01:08:57,720 --> 01:09:01,679
Speaker 2: Georgia on April twenty fifth. He's on the the AI panel,

1364
01:09:01,720 --> 01:09:04,599
Speaker 2: I believe, Yeah, the AI panel. So come check out

1365
01:09:04,640 --> 01:09:07,760
Speaker 2: John ho'brien at the Black Effect Podcast Festival Saturday, April

1366
01:09:07,760 --> 01:09:08,800
Speaker 2: twenty fifth in Atlanta, Georgia.

1367
01:09:08,880 --> 01:09:10,320
Speaker 3: John, love you brother, Love you back.

1368
01:09:10,360 --> 01:09:12,120
Speaker 1: And let me just say this great wrap up. You

1369
01:09:12,760 --> 01:09:16,360
Speaker 1: are a bad brother, and people have no idea how

1370
01:09:16,439 --> 01:09:19,920
Speaker 1: smart you are and what an underground profit you are

1371
01:09:20,160 --> 01:09:23,439
Speaker 1: about the community. You really care about your community. I

1372
01:09:23,479 --> 01:09:25,760
Speaker 1: get cast from you at midnight on the weekend and

1373
01:09:26,080 --> 01:09:28,439
Speaker 1: it's never about you. It's always about how do we

1374
01:09:28,560 --> 01:09:31,040
Speaker 1: make our community better? And people don't know you're an

1375
01:09:31,080 --> 01:09:33,880
Speaker 1: owner and you you're lifting other people up with your

1376
01:09:33,920 --> 01:09:37,479
Speaker 1: book in print and you and your podcast platform. You

1377
01:09:37,520 --> 01:09:40,600
Speaker 1: could have done this all for yourself by yourself, but

1378
01:09:40,720 --> 01:09:43,080
Speaker 1: you bring other folks with you, and that's the kind

1379
01:09:43,080 --> 01:09:44,800
Speaker 1: of role model we need to immulate. Man.

1380
01:09:44,920 --> 01:09:47,120
Speaker 2: Thank you, John, I appreciate you. Go pick up Capital

1381
01:09:47,160 --> 01:09:48,920
Speaker 2: Loom for all available everywhere you buy books.

1382
01:09:48,960 --> 01:09:53,200
Speaker 3: Now. It's John ho'brien is the breakfast club every day

1383
01:09:53,280 --> 01:09:57,040
Speaker 3: up waiting clicks up the breakfast club. You'll finish till

1384
01:09:57,080 --> 01:09:57,600
Speaker 3: y'all done it.