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Speaker 1: After twenty two years of being a Titan on Wall

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Speaker 1: Street and starting his own firm, Tony Kasai get is

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Speaker 1: walking away.

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Speaker 2: What just said?

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Speaker 3: The ugly side.

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Speaker 1: Hooking and only Inside We'll interview insiders and other titans

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Speaker 1: of all types of industry, offering advice and sharing stories

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Speaker 1: of it. First, this is another episode the Inside Show.

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Speaker 3: Welcome to Cannabis Talk one on one's Financial Fridays with

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Speaker 3: the Inside Investor Tony K. We're the world's number one

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Speaker 3: source for everything cannabis.

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Speaker 4: The information provided by Financial Friday and Tony Kasai is

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Speaker 4: for general information entertainment purposes only and should not be

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Speaker 4: considered as professional financial advice. Consult with the professional for

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Speaker 4: making any financial decisions. YO.

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Speaker 1: I don't know where you are, what you're doing, or

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Speaker 1: what day of the week it is for you, But

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Speaker 1: over here the CT one on one iHeart studios, ladies

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Speaker 1: and gentlemen, it is Financial Fridays for us.

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Speaker 2: I'm Tony K.

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Speaker 1: You're Inside Investor, and now I'm here to get your

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Speaker 1: mind right and your money game type. You're hearing me

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Speaker 1: on the world famous CT one on one, heard in

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Speaker 1: all over the world in one hundred and eighty three countries, guys,

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Speaker 1: feel free to leave me a financial question anytime at

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Speaker 1: one eight hundred four twenty nineteen eighty. You can always

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Speaker 1: find me on Instagram at the Insider Investor. Please make

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Speaker 1: sure to follow the show on YouTube. Guys, Cannabis Talk

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Speaker 1: one on one, make sure you follow show us some love.

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Speaker 1: Keep subscribing.

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Speaker 2: Now, you guys know why I created Financial Fridays.

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Speaker 1: Right because after twenty years of being a Wall Street insider,

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Speaker 1: I got sick and tired of watching the little guy

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Speaker 1: get screwed over.

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Speaker 2: And of course you know what I want to do now.

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Speaker 1: I want to empower you guys by giving you access

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Speaker 1: to what's been in my head for over twenty years.

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Speaker 1: And more importantly, I want to bring on with my

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Speaker 1: special friends to share their wisdom of empowerment, the markets

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Speaker 1: and just life in general.

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Speaker 2: Guys.

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Speaker 1: And of course, one of the biggest secrets empowers that

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Speaker 1: I've discovered over the years was that your money is

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Speaker 1: always going to be hit with taxes, right, And it's

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Speaker 1: not how much money you make, it's how much money

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Speaker 1: you keep. And the biggest misconception out there is that

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Speaker 1: taxes need to be in April problem you know, or

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Speaker 1: October if you own a corporation. But the reality is

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Speaker 1: most people understand is you got to not just have

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Speaker 1: a CPA attax from the deals with your stuff on

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Speaker 1: a monthly or an annual basis.

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Speaker 2: You need to consider your taxes on a monthly basis.

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Speaker 1: That's why I love my friends over at Easier Accounting

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Speaker 1: dot com. Easier Accounting they got a brick and mortar

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Speaker 1: location out in Utah, so they're not outsourcing anything.

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Speaker 2: It's a massive entity.

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Speaker 1: They've been around forever and they also have a special

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Speaker 1: carved out section just for the cannabis community. More importantly,

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Speaker 1: they deal with entrepreneurs LLC setup formation. They handle cash

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Speaker 1: flow projections Easier Accounting. It's in their name, guys. Easy

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Speaker 1: to find them and if you want to give them

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Speaker 1: a call eight eight eight six twenty zero seven seven zero.

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Speaker 1: Now you guys, I've been talking about a lot of stuff.

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Speaker 1: Sometimes people are like, man, I thought your show was

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Speaker 1: financial Fridays, not politics Fridays. What you don't understand is

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Speaker 1: that it's all tied together, right, as Tony Montana said,

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Speaker 1: First you get the money, then you get the power,

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Speaker 1: then you get the ladies. But I do want to

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Speaker 1: kind of go back to the core roots of financial Fridays.

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Speaker 2: I just don't want to make it boring.

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Speaker 1: So I want to try to bring on guests and

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Speaker 1: speakers and on entrepreneurs like my friend Donne Palmore. Now,

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Speaker 1: you guys, before I introduce her officially, you guys got

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Speaker 1: to understand that she's an expert money coach, owner and

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Speaker 1: founder of your Money on Purpose Coaching. She's also got

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Speaker 1: a little side hustled that's becoming pretty big. In fact,

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Speaker 1: that's how we met, which is called White Oak Craft Barbecue.

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Speaker 1: As you guys know, I don't bring on any financial advisors,

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Speaker 1: anybody kind of affiliated with Wall Street because as much

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Speaker 1: shit as I talk on Wall Street, but more importantly,

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Speaker 1: I just think that there's enough of that noise out there.

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Speaker 2: I like to people.

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Speaker 1: I like to bring on guests that are thinking a

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Speaker 1: little bit more outside the box when they're asking you

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Speaker 1: to teach you and coach you on money. So it's

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Speaker 1: my pleasure to bring on miss Donnette Palmore.

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Speaker 5: Awesome, thank you so much, awesome to be here.

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Speaker 1: As you can tell, we have a pack studio audience

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Speaker 1: minus one hundred. No, you know, this was an impromptu

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Speaker 1: show today. We were originally trying to do a content show.

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Speaker 1: But as luck would have it, we're actually going to

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Speaker 1: be at the same event tomorrow. I am seeing that

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Speaker 1: your White Oak business is yes.

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Speaker 5: We'll be catering it and I'll actually be speaking there

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Speaker 5: as well.

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Speaker 1: Oh no, kidding, excellent, Well, this is turning out to

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Speaker 1: be a lot more in common than we thought. And honestly, guys,

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Speaker 1: true story, because I don't bullshit you guys, is today

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Speaker 1: she was in here meeting with Taylor and Gemma, who

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Speaker 1: you guys know from the Taylor Armstrong Show. They shoot

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Speaker 1: their show here in the studio as well, and obviously

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Speaker 1: any friend of theirs is a friend of ours. So

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Speaker 1: I knew you're gonna be at the event tomorrow and

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Speaker 1: I wanted to kind of help promote your side hustle.

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Speaker 1: But once we started talking about your bio, turns out

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Speaker 1: you got this expert coaching and first question I asked

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Speaker 1: you is, well, what's your credentials?

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Speaker 2: What do you do? And you said, well, shit, I

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Speaker 2: actually did business.

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Speaker 1: I've had multiple businesses, we own multiple different verticals, et cetera.

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Speaker 1: So well, that's the topic, guests, that I want to

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Speaker 1: bring up. So welcome to Michelle.

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Speaker 5: Thank you, I appreciate it.

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Speaker 1: Yeah, So tell me about your journey of entrepreneurship. How'd

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Speaker 1: you get to where you're at and what are you

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Speaker 1: doing now?

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Speaker 5: Yeah, So it started about I would say even more

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Speaker 5: than twenty three years ago. I started out with like,

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Speaker 5: not even knowing I was an entrepreneur. I was a

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Speaker 5: stay at home mom for twenty years. I homeschooled my

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Speaker 5: kids and I helped my husband run or small business.

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Speaker 5: But before that, I started doing, like you know, selling

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Speaker 5: tupware and avon and things like that. Had no idea

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Speaker 5: where it was going to lead me or even what

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Speaker 5: that was about, just trying to make some extra money, right, entrepreneurship.

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Speaker 5: We started a business it was appraisals for car damage,

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Speaker 5: and that just like grew and grew. We've bought in

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Speaker 5: a couple of body shops. One of our partners took

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Speaker 5: all the money right before Christmas time and left us

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Speaker 5: with nothing. And then we had a body shop out

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Speaker 5: in Hysperia doing just r V work, which was very good,

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Speaker 5: very good money.

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Speaker 2: But then you didn't trust the wrong person this time.

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Speaker 5: No, it was actually my husband and one of our

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Speaker 5: good friends that was doing it. So we yeah, we

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Speaker 5: didn't trust the wrong person, right, and it just like

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Speaker 5: it grew into this huge business. We had originally partnered

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Speaker 5: with someone. We broke off to do our own thing.

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Speaker 5: I was helping with the books, doing the accounting. I

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Speaker 5: turned into managing doing some of the HR stuff and

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Speaker 5: that business. Actually, I think it's been like eight years.

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Speaker 5: They changed the industry here in California and we went

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Speaker 5: from forty thousand dollars a month to five thousand dollars

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Speaker 5: a month in about six months.

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Speaker 2: Like it was simply because of the legislative changes.

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Speaker 5: I know, the insurance companies brought in their own in

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Speaker 5: house appraisers and just wiped us out. And I was

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Speaker 5: just like, what are we going to do? Like this

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Speaker 5: is crazy? And my husband actually took a job right

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Speaker 5: down the street right before all this started happening. And

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Speaker 5: what year it was like eight years ago? Yeah, I

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Speaker 5: don't know what year that was.

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Speaker 1: It was relatively yeah, I stopped counting in years now.

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Speaker 1: It's like pre trauma post trauma. Like I'm like Jesus,

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Speaker 1: I have defining modes eighty.

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Speaker 5: You got to make up your own urb. So he

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Speaker 5: took a job and I didn't really understand the time

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Speaker 5: why he was taking that job, but I just started

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Speaker 5: paying off all kinds of debt and I was like,

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Speaker 5: we don't need that money, We'll just start paying off debt.

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Speaker 5: But then our business started going down. My mother in

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Speaker 5: law was dying of cancer, my husband was checked out,

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Speaker 5: we were closing this business down, my secretary was quitting.

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Speaker 5: Like all this stuff started.

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Speaker 1: And when you say your husband, you didn't understand why

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Speaker 1: he was taken, that was he kind of shielding you

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Speaker 1: from the.

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Speaker 5: TI He didn't know either. It was just like an

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Speaker 5: act of God, like he.

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Speaker 1: Just got a sixth sense that I need to kind

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Speaker 1: of have a diversification of my income exactly.

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Speaker 5: And it really helped us to get through a really

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Speaker 5: hard time because I was pretty much going through it

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Speaker 5: by myself so that he could just be with his

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Speaker 5: mom and deal with that. But because I had gotten

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Speaker 5: our finances in order before that, I didn't go through

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Speaker 5: it with like a piece, but I but I did,

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Speaker 5: like I was like, Okay, I know where all my

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Speaker 5: money's going. I know that we have these bills, like

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Speaker 5: they're paid off. We had like one debt left, which

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Speaker 5: was our solar panels of all things. But it just

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Speaker 5: made the transition so much easier, and just it sucked

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Speaker 5: I mean, I'm not gonna lie right, life sucks, but

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Speaker 5: just having that in order, it was one less thing

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Speaker 5: I had to worry about.

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Speaker 1: And so the job that he took did that kind

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Speaker 1: of pivot you guys into what you're doing now, or

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Speaker 1: talk to me about You talked about the downside, now

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Speaker 1: give me the upside. How did then you kind of

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Speaker 1: stumble upon, you know, the main hustle, the side hustles,

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Speaker 1: and these different verticals of income and the coaching.

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Speaker 5: So while I was getting my money right, I was like,

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Speaker 5: I have to share this with other people, Like I

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Speaker 5: need to open a business to be able to help

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Speaker 5: other people because I know a lot of people are

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Speaker 5: going through this. I think the statistics are like eighty

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Speaker 5: it's probably eighty five percent now that people are living

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Speaker 5: paycheck to paycheck, and four out of five six figure

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Speaker 5: income earners are living paycheck to paycheck. So it's pretty bad.

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Speaker 5: And we know inflation is like outrageous and.

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Speaker 1: And you know, and what she said, some of you

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Speaker 1: guys who don't make six figures a year may think, oh,

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Speaker 1: that's just you know, if I was making that, to

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Speaker 1: be honest with you, the circles that I ran in, right,

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Speaker 1: ten million, twelve million, and fifty million dollar houses your

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Speaker 1: entire Newport coast. The statistics are actually almost that most

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Speaker 1: of these guys that you would call a multimillionaires and

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Speaker 1: the Ferraris and the Lambos and all that, they're also

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Speaker 1: living kind of deal. It's not necessarily paycheck to paycheck,

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Speaker 1: but it's deal the deal, right, They got hundreds of

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Speaker 1: thousands in debt, they got one hundreds thousands dollars of expenses, mortgages, rents,

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Speaker 1: et cetera. So all it takes is that one deal

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Speaker 1: to keep them scrambling. And you know, I briefly told

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Speaker 1: you my backstory, but Orange County, California, where we live,

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Speaker 1: is the Ponzi scheme capital of the world. There's more

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Speaker 1: Ponzi schemes that are started in Orange County than in

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Speaker 1: any other county.

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Speaker 2: In the world. And it's mainly because of that.

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Speaker 1: There's and they also say that ninety percent of those

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Speaker 1: didn't start off as Ponzi's.

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Speaker 2: It's people kind of got into rut.

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Speaker 1: They started off as hitty real estate deals that went

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Speaker 1: on here and the economy changed or were kind of scrambling.

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Speaker 1: They've taken on too much debt, unsecure debt and that's

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Speaker 1: how the snowballs started. So it's it's it's it's an

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Speaker 1: interesting statistic, but I think we understand.

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Speaker 2: But I think a lot of young entrepreneurs, Oh, I

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Speaker 2: would never make passes story.

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Speaker 4: You know.

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Speaker 1: I can't even imagine making in orton or half to

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Speaker 1: own part year until you get there.

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Speaker 2: And I don't if jay Z said, I've got more money,

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Speaker 2: more problem.

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Speaker 6: But as long as you have the right fools, it

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Speaker 6: doesn't happen to be your problem.

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Speaker 1: Right right, Well, listen, we're gonna take a break. I

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Speaker 1: have a feeling this is gonna look get a little

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Speaker 1: bit more exciting. I want to give you guys actually

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Speaker 1: tools to make sure that this doesn't happen to you.

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Speaker 1: So when we get back, I'm gonna find out a

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Speaker 1: little bit more about what this expert coaching is all about.

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Speaker 1: We'll be right back here Financial Fridays on iHeart Radio.

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Speaker 3: We'll be right back with the Financial Friday five on

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Speaker 3: Cannabis Talk one on one's Financial Fridays with the Insider

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Speaker 3: Investor Tony K. Welcome back to Cannabis Talk one on

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Speaker 3: one's Financial Fridays with the Insider Investor Tony K. It's

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Speaker 3: now time for the Financial Friday five you.

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Speaker 1: Guys, Master Mentors Live. You hear me talk about it

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Speaker 1: all the time. You see me out on the road

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Speaker 1: on my Instagram. Well, we're coming to city in town

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Speaker 1: near you. Master Mentors Live.

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Speaker 2: What is it? Listen up. Here's what we do. We

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Speaker 2: go out to the States.

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Speaker 1: We offer free ninety minute workshops to teach you how

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Speaker 1: to be the next canipreneur.

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Speaker 2: It's the hottest, fastest.

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Speaker 1: Growing industry right now, soon to be a multi trillion

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Speaker 1: dollar industry. And it's not just about being a grower

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Speaker 1: owning a dispensary, which we can help you get license

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Speaker 1: to do that as well, but there's a thousand different

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Speaker 1: ancillary businesses that support that industry. We're talking about HVAC design, packaging,

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Speaker 1: what we do, a media company, publications, podcasting, you name it.

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Speaker 2: There's an opportunity in there.

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Speaker 1: If you want to learn more about how to diverse

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Speaker 1: fire income, check out our upcoming Master Mentors Live events.

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Speaker 1: I'm now back here with ms Palmore and she coined

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Speaker 1: herself as the expert money coach and con founder of

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Speaker 1: your Money on Purpose Coaching, which is also trademark which

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Speaker 1: I love.

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Speaker 2: So you learned that lesson hard way.

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Speaker 1: So give me a little bit. Okay, so I'm gonna

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Speaker 1: play Devil's advocate here. You had a couple of successful businesses,

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Speaker 1: you had a fall down. Was it you taking little

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Speaker 1: bits and pieces of things that made you valuable or

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Speaker 1: did you kind of look at other systems, products services?

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Speaker 1: Give me a little bit of understanding of how the

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Speaker 1: coaching program works.

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Speaker 5: Yeah. So I took my experience and I've taken some classes.

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Speaker 5: I've taken some courses, but really it's when you get

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Speaker 5: into the room with people, like what is it that

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Speaker 5: they really want? Because a lot of money coaches or

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Speaker 5: financial coaches have a cookie cutter system.

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Speaker 2: They want to that to.

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Speaker 5: Do you know, baby steps, or they want you to

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Speaker 5: do this and they want you to do that. But

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Speaker 5: that doesn't work for everybody. It doesn't work for most people.

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Speaker 5: Most people, especially here in southern California, we want to

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Speaker 5: spend money, We want to have fun.

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Speaker 2: Right, yeah, sometimes too much?

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Speaker 5: So how can we do all those things? And we

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Speaker 5: value those things? You know, those are important for us

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Speaker 5: to go out to network or to have events or

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Speaker 5: whatever it is. So how can I help people to

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Speaker 5: I say, do all the things? How can we pay

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Speaker 5: our bills, invest in our future, and do what is

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Speaker 5: important to us right now.

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Speaker 1: And so when they hire you on as a coach,

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Speaker 1: is this kind of like building out a one to

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Speaker 1: three year roadmap. Obviously you don't offer investments because you're

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Speaker 1: not licensed, which, guys, by the way, the reason I'm

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Speaker 1: asking these questions is you guys have kind of preached.

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Speaker 1: I mean, I think financial advisors play a great role.

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Speaker 1: But what she said is exactly true, and there's a

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Speaker 1: lot of great financial advisors out there. I still I

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Speaker 1: was just on the phone with the buddy of mine

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Speaker 1: that we actually got licensed together and we owned a

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Speaker 1: firm together part time. But the reality is is that

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Speaker 1: every single top firm out there, Morgan Stanley, Goldmen Sacks, Merrill,

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Speaker 1: Lynch Ubs, and out of those names, I've worked at

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Speaker 1: three out of four, all of those have cookie cutter

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Speaker 1: products that they package up together. They get all the fees,

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Speaker 1: they get all the dog and pony shows, they get

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Speaker 1: the trips to Bora Bora and can Kun and Aruba,

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Speaker 1: all places that Ferbs took me to to then that

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Speaker 1: those trips are sponsored by these mutual fund companies and

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Speaker 1: they pay the nut we go out there we get

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Speaker 1: wined and dined and trips for free.

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Speaker 2: When we come back, we're encouraged to sell those products.

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Speaker 1: Now, our commissions aren't tied to those because that would

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Speaker 1: be illegal. However, it's like, hey, you get free Britney

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Speaker 1: Spears front road tickets back when you gave a shit

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Speaker 1: about Britney Spears, or at least your girlfriend did, right,

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Speaker 1: And so there was, you know, somewhat pressure, There was accolades,

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Speaker 1: there was hey, you'll get the corner office. So they

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Speaker 1: kind of got around those. But the reality was that

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Speaker 1: all the products on Wall Street. This is a statistic

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Speaker 1: I'm not making up. If you google right now, what

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Speaker 1: is the average money manager on Wall Street make for

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Speaker 1: their investors. The average rate of return is less than

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Speaker 1: seven percent, somewhere between six to eight percent net of fees.

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Speaker 2: So that means that if.

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Speaker 1: You trust your hard earned money with them, after all

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Speaker 1: the ups and downs, you're lucky if you make less

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Speaker 1: than ten percent, but at least come out positive. And

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Speaker 1: when you see that stat and when you understand what

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Speaker 1: these guys are up against, it's not their fault. Now,

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Speaker 1: there are crummy advisors out there that chase, chase high

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Speaker 1: commissioned products but overall, the advisors aren't given all the tools.

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Speaker 1: That's why I ended up going independent. But even in

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Speaker 1: the independent world, you're still limited on the offerings.

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Speaker 2: And there's a.

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Speaker 1: Handful of people out there that aren't looking to sell

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Speaker 1: you products, but they're looking to actually what they know.

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Speaker 1: And those are the kind of entrepreneurs and coaches and

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Speaker 1: people that I kind of want to subscribe to because

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Speaker 1: sometimes you can take a nugget that this person teaches

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Speaker 1: you and you can really get real life advice. Right,

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Speaker 1: So is your primary student if you will, or a client?

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Speaker 1: Are they kind of entrepreneurs struggling? Are there people trying

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Speaker 1: to get out of debt? Are there multimillionaires who want

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Speaker 1: to look for diversification? Kind of give me an understanding

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Speaker 1: what the clients.

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Speaker 5: Dook like things, all the things. So most of my

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Speaker 5: clients are entrepreneurs. They're women who have businesses. I say,

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Speaker 5: they make great money, but they don't know where their

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Speaker 5: money's going. Yeah, and that's frustrating. It brings a lot of,

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Speaker 5: you know, stress, and so how can I help them

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Speaker 5: gain clarity, control and confidence with their money? And so

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Speaker 5: that's what we do. We sit down and we come

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Speaker 5: up with where is their money going. That's the first thing, right,

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Speaker 5: We got to look at those bank statements and find

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Speaker 5: out what what are we doing?

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Speaker 2: Uh?

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Speaker 5: And then we come up with a plan. And I

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Speaker 5: don't do a budge. I don't like that word. We

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Speaker 5: don't use it. We use spending plan because we're making

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Speaker 5: a plan with our money. We get to tell our

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Speaker 5: money where to go and figure out how can we

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Speaker 5: do the things that we want to do. Do we

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Speaker 5: have to make more money? Do we have to make

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Speaker 5: some choices on how we're spending our money? Like, we

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Speaker 5: get to make those choices. It gives us our power

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Speaker 5: back to look at that way, to look at it

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Speaker 5: that way.

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Speaker 2: Now, what tools do you use?

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Speaker 1: If somebody so most people have a problem with managing

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Speaker 1: their spending, I would say, right, that's at least when

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Speaker 1: I was in my console.

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Speaker 2: So that's what I hasn't changed. That part has changed.

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Speaker 2: I've been away for seven years, but that hasn't changed.

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Speaker 1: And to your point, I quickly figured out the guy

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Speaker 1: that makes five million a year or fifty thousand a year,

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Speaker 1: they all kind of have the same problem. Is their

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Speaker 1: allocation of resources worrey spending it. But let's say you

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Speaker 1: get somebody and now they're making better decisions. But they

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Speaker 1: have piles of cash, and now you need to advise

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Speaker 1: him on where to deployment. How do you make those

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Speaker 1: decisions and what do you do on that regards?

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Speaker 5: Well, that depends on what their goals are.

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Speaker 2: Right.

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Speaker 5: If they want to make you buy a piece of property,

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Speaker 5: you put them in touch with a real estate agent.

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Speaker 5: If they want to invest it, you put them in

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Speaker 5: touch with a financial advisor. You know, you just kind

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Speaker 5: of I sublet all that stuff out.

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Speaker 2: I trusted resources.

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Speaker 5: I have trusted resources. Who can I send them to

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Speaker 5: if they don't already have someone because I don't want

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Speaker 5: to step on anybody's toes or ruined relationships. But who

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Speaker 5: can I send them to that can help them do

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Speaker 5: the right things with the money?

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Speaker 2: That's awesome.

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Speaker 1: Yeah, I think that's a huge value. Add guys and

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Speaker 1: I and you know I, I was just sharing this

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Speaker 1: with you. It took me kind of leaving Wall Street

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Speaker 1: to hire my first paid coach, and now I probably

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Speaker 1: have three or four of them. I have a health

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Speaker 1: and witness coach I got. I still have a business coach.

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Speaker 1: I have a legal coach forgot that. But it's important

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Speaker 1: to have those and you guys hear us talk about

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Speaker 1: this obviously the drop we just did with Master Mentors,

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Speaker 1: another coaching program that we've started to help young candid

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Speaker 1: canipreneurs as we call them. But every successful and when

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Speaker 1: I say successful, I'm talking about guys that make over

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Speaker 1: a million dollars a year take home. Every single one

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Speaker 1: of them has no less than three coaches. And most

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Speaker 1: people that don't have money look at us. Why would

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Speaker 1: I pay for a coach? Why would you pay for

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Speaker 1: a business coach? Why would you pay for a personal coach?

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Speaker 1: Why would you know? What are their designations? And you know,

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Speaker 1: I'm sure you get that a lot too. And in fact,

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Speaker 1: one of my buddies when I got into this, well,

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Speaker 1: he's like, well, you just you know, walked away from

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Speaker 1: Wall Street, you went through this huge scandal. Why would

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Speaker 1: anybody pay you to be on your show or how

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Speaker 1: you know? And there's so many people that think that

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Speaker 1: designations or a brand representable. You're not with Morgan Stanley,

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Speaker 1: you're not with the top firm. But it's those guys

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Speaker 1: that are struggling the hardest. And it's those guys that

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Speaker 1: are kind of pre programmed into only offering well, no,

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Speaker 1: you got to buy this annuity or you got to

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Speaker 1: buy this mutual fund. And it's it's a shame because

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Speaker 1: I think there's a lot more opportunities out there for

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Speaker 1: people if they really just start thinking outside the box.

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Speaker 2: And that was the whole premise of the show. So

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Speaker 2: I'm glad you came on today, but.

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Speaker 1: Before we let you leave, I think it help the

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Speaker 1: audience if we put you through the Financial Friday five.

439
00:18:57,160 --> 00:18:59,520
Speaker 1: These are five questions that we ask every guest. Just

440
00:18:59,560 --> 00:19:01,280
Speaker 1: give me the answer straight off the top of your head.

441
00:19:01,280 --> 00:19:03,320
Speaker 1: They're not zingers, they're just kind of a lot of

442
00:19:03,359 --> 00:19:06,360
Speaker 1: times these questions elicit advice that the audience can take

443
00:19:06,440 --> 00:19:08,080
Speaker 1: and we can kind of convert it into take home

444
00:19:08,119 --> 00:19:10,199
Speaker 1: little nuggets. And that's what I always tell the audience

445
00:19:10,280 --> 00:19:12,439
Speaker 1: is sometimes you can just take one little piece of

446
00:19:12,440 --> 00:19:14,919
Speaker 1: advice from every single show. You'd be surprised at how

447
00:19:15,000 --> 00:19:16,760
Speaker 1: valuable that makes you. And I hope the show brings

448
00:19:16,760 --> 00:19:18,919
Speaker 1: a little bit of nuggets for you because unlike my

449
00:19:18,960 --> 00:19:21,000
Speaker 1: politics show, I'm bringing on financialvice.

450
00:19:21,720 --> 00:19:24,400
Speaker 2: This is named directly it a hater that I got every.

451
00:19:24,280 --> 00:19:29,000
Speaker 1: Nastages, all right, So number one on the Financial Fighting

452
00:19:29,080 --> 00:19:31,960
Speaker 1: five is what was the best investment you ever made.

453
00:19:32,960 --> 00:19:36,000
Speaker 5: My best investment, I think, is just investing in personal development,

454
00:19:37,400 --> 00:19:41,040
Speaker 5: making sure that I take classes, I learned skills, I

455
00:19:41,119 --> 00:19:45,600
Speaker 5: get coaches and make myself help me to become the

456
00:19:45,600 --> 00:19:46,359
Speaker 5: best version of me.

457
00:19:47,720 --> 00:19:50,200
Speaker 1: Funny she said that, because if you guys have listened

458
00:19:50,240 --> 00:19:52,959
Speaker 1: to at least half of the past fifty two shows

459
00:19:53,440 --> 00:19:56,639
Speaker 1: the successful people that I bring on again, the people

460
00:19:56,680 --> 00:19:59,880
Speaker 1: that are qualified to give money advice nine times out

461
00:19:59,880 --> 00:20:03,159
Speaker 1: of that's their advice is personal development.

462
00:20:03,880 --> 00:20:04,960
Speaker 2: Myself, they'll say.

463
00:20:05,000 --> 00:20:07,360
Speaker 1: But the reason they can say myself because they did

464
00:20:07,400 --> 00:20:09,879
Speaker 1: pay somebody to become the best version of themselves. And

465
00:20:09,920 --> 00:20:13,120
Speaker 1: that phrase becoming the best version of yourself. I guarantee,

466
00:20:13,160 --> 00:20:15,040
Speaker 1: not knowing this that she got it from a personal

467
00:20:15,080 --> 00:20:18,760
Speaker 1: development either guru, a book, or being around somebody that

468
00:20:18,840 --> 00:20:21,800
Speaker 1: has that in their vernacular. Because before I joined my

469
00:20:22,080 --> 00:20:24,760
Speaker 1: personal coaching program and then hired the gentleman to be

470
00:20:24,840 --> 00:20:28,480
Speaker 1: my personal coach, and he charges, by the way, guys now,

471
00:20:28,480 --> 00:20:30,120
Speaker 1: and it's no joke. He charts one hundred and fifty

472
00:20:30,119 --> 00:20:32,840
Speaker 1: thousand dollars to coach with them per year. And at

473
00:20:32,880 --> 00:20:34,639
Speaker 1: the time people told me I was crazy because I

474
00:20:34,680 --> 00:20:37,800
Speaker 1: was paying them five thousand dollars a month, which you

475
00:20:37,840 --> 00:20:40,680
Speaker 1: know is six still sixty thousand a year, and when

476
00:20:40,680 --> 00:20:42,960
Speaker 1: you're struggling sixty thousand years a lot of men, you

477
00:20:43,000 --> 00:20:45,200
Speaker 1: have to pay to go see him every every year,

478
00:20:45,280 --> 00:20:48,640
Speaker 1: every month we'd meet up a month in Texas. So yes,

479
00:20:48,680 --> 00:20:50,640
Speaker 1: becoming the best version of yourself is definitely the best

480
00:20:50,680 --> 00:20:53,119
Speaker 1: investment you ever make. And it goes along with advice

481
00:20:53,160 --> 00:20:55,320
Speaker 1: I gave you guys, because I do get dms and messages,

482
00:20:55,359 --> 00:20:58,320
Speaker 1: especially when I do more, you know, drops on Instagram

483
00:20:58,320 --> 00:21:00,240
Speaker 1: about the market going side, what should I buy?

484
00:21:00,240 --> 00:21:02,360
Speaker 2: What should I invest in? Do believe in bitcoin?

485
00:21:02,640 --> 00:21:05,560
Speaker 1: And my first question is, you know, unless you already

486
00:21:05,560 --> 00:21:07,400
Speaker 1: have your shit figured out, you have over one hundred

487
00:21:07,440 --> 00:21:10,639
Speaker 1: thousand savings, your business is rocking and rolling, that you

488
00:21:10,720 --> 00:21:13,400
Speaker 1: need investing yourself. You don't need to start dabbling in

489
00:21:14,119 --> 00:21:17,159
Speaker 1: cryptocurrency and what stock should I buy? And this and that,

490
00:21:17,240 --> 00:21:19,800
Speaker 1: because you're going to spend the time following that stuff

491
00:21:20,000 --> 00:21:23,000
Speaker 1: instead of following yourself and your investment. So if you

492
00:21:23,240 --> 00:21:25,560
Speaker 1: if you're struggling, you're still trying to figure out there's

493
00:21:25,560 --> 00:21:28,040
Speaker 1: no stock, there's no crypto coin, there's no dump coin

494
00:21:28,320 --> 00:21:29,800
Speaker 1: that's going to get you out of the rut until

495
00:21:29,800 --> 00:21:32,119
Speaker 1: you start investing in yourself. And if you've listened to

496
00:21:32,119 --> 00:21:34,320
Speaker 1: my story, you know that I'm a testament living proof

497
00:21:34,320 --> 00:21:38,360
Speaker 1: of that. Question Number two is what is the worst investment? Now,

498
00:21:38,359 --> 00:21:40,080
Speaker 1: this is gonna be into a business or person that

499
00:21:40,119 --> 00:21:41,000
Speaker 1: you've ever met.

500
00:21:41,520 --> 00:21:45,000
Speaker 5: Uh, I don't know if there's ever been a worse investment, right,

501
00:21:45,040 --> 00:21:46,760
Speaker 5: because everything's a lesson learned.

502
00:21:48,359 --> 00:21:52,199
Speaker 1: How about, because I'm not gonna let you off that,

503
00:21:53,440 --> 00:21:56,040
Speaker 1: what was the worst or investment you ever made in

504
00:21:56,119 --> 00:21:58,680
Speaker 1: a business or person that costs you the most money.

505
00:21:58,760 --> 00:22:00,560
Speaker 5: That costs me the most money? Well, we went into

506
00:22:00,640 --> 00:22:04,199
Speaker 5: business with somebody we were talking earl. Yeah, we went

507
00:22:04,240 --> 00:22:06,760
Speaker 5: into business with a partner for a body shop and

508
00:22:06,880 --> 00:22:09,120
Speaker 5: right before Christmas he took all the money and ran.

509
00:22:09,920 --> 00:22:12,679
Speaker 1: So, in hindsight, what would you have done different to

510
00:22:13,000 --> 00:22:14,680
Speaker 1: kind of not be in that situation?

511
00:22:16,040 --> 00:22:19,240
Speaker 5: Contracts, agreements, knowing the person better.

512
00:22:21,000 --> 00:22:24,800
Speaker 1: Yeah, you know, sometimes guys, you got to go You

513
00:22:24,880 --> 00:22:28,000
Speaker 1: got to grow through what you go through. Right, another

514
00:22:28,119 --> 00:22:32,560
Speaker 1: phrase from that world, And it's important because sometimes people

515
00:22:32,560 --> 00:22:34,520
Speaker 1: ask me, well, do you know how you you're a

516
00:22:34,520 --> 00:22:37,040
Speaker 1: financial advisor? How did you let your former partners start

517
00:22:37,040 --> 00:22:39,600
Speaker 1: a twenty three million dollar ponzi scheme. You know, aren't

518
00:22:39,600 --> 00:22:42,119
Speaker 1: you supposed to be the one that sniffs out. Sometimes

519
00:22:42,160 --> 00:22:44,240
Speaker 1: you can do everything in the world. Sometimes you can

520
00:22:44,280 --> 00:22:46,360
Speaker 1: have contracts, you can know a person, you can live

521
00:22:46,400 --> 00:22:48,720
Speaker 1: with them, you can rock with them for twenty years.

522
00:22:48,760 --> 00:22:50,760
Speaker 2: You can help bury his mom like I did.

523
00:22:51,040 --> 00:22:53,520
Speaker 1: But at the end of the day, poss are going

524
00:22:53,600 --> 00:22:55,800
Speaker 1: to be poss right, And there's only so much you

525
00:22:55,800 --> 00:22:57,840
Speaker 1: can do. And you can't really blame yourself too often.

526
00:22:57,840 --> 00:22:59,879
Speaker 1: Now if that happens, if you're on your eighth marriage,

527
00:23:00,080 --> 00:23:03,720
Speaker 1: it's you, not that all right, So the same shit

528
00:23:03,840 --> 00:23:08,360
Speaker 1: keeps happening it over and over the mirror, but our

529
00:23:08,400 --> 00:23:09,960
Speaker 1: reality coach shit.

530
00:23:10,520 --> 00:23:11,440
Speaker 2: But but no.

531
00:23:11,480 --> 00:23:13,520
Speaker 1: I mean in all honestly, you know, I don't know

532
00:23:13,720 --> 00:23:16,920
Speaker 1: any again successful person that hasn't been sued at least

533
00:23:16,920 --> 00:23:19,800
Speaker 1: three times that doesn't have a horror story, doesn't have

534
00:23:19,880 --> 00:23:22,480
Speaker 1: that story of somebody robbing them, stealing from the next cetera.

535
00:23:22,680 --> 00:23:24,200
Speaker 2: So it's just something you got to grow through.

536
00:23:24,280 --> 00:23:26,000
Speaker 1: You go through and you'll grow out of it and

537
00:23:26,040 --> 00:23:28,120
Speaker 1: then you'll be able to say, well, it was still

538
00:23:28,119 --> 00:23:30,320
Speaker 1: worth it. In fact, funny story on that when I

539
00:23:30,359 --> 00:23:33,480
Speaker 1: lost my personal five million and my client's lost and

540
00:23:33,480 --> 00:23:35,800
Speaker 1: all that, my Mom's like, you know, how do you

541
00:23:35,880 --> 00:23:37,480
Speaker 1: when she didn't mean it in mean way, but she's like,

542
00:23:37,520 --> 00:23:39,679
Speaker 1: how do you even wake up? And just like function

543
00:23:40,160 --> 00:23:42,399
Speaker 1: knowing that you just lost you know, everything, close to

544
00:23:42,440 --> 00:23:45,439
Speaker 1: five mil. And I said, well, you know, maybe this

545
00:23:45,600 --> 00:23:47,679
Speaker 1: is my way of learning a lesson going through this,

546
00:23:48,040 --> 00:23:50,920
Speaker 1: so someday I can save five million when I'm about

547
00:23:50,960 --> 00:23:53,000
Speaker 1: to make fifty million. And I was just putting it

548
00:23:53,040 --> 00:23:54,720
Speaker 1: out the universe at the time, I had no idea

549
00:23:54,760 --> 00:23:56,879
Speaker 1: how that was going to happen. But now I feel

550
00:23:56,920 --> 00:23:58,960
Speaker 1: like over the past seventy eight years, I've put myself

551
00:23:58,960 --> 00:24:00,440
Speaker 1: in that position now to word.

552
00:24:00,600 --> 00:24:01,280
Speaker 2: Now, before I.

553
00:24:01,240 --> 00:24:03,439
Speaker 1: Was trusting everybody I'd asked, you know, I kind of

554
00:24:03,480 --> 00:24:06,440
Speaker 1: like assume the best of people. And now I'm still

555
00:24:06,520 --> 00:24:08,639
Speaker 1: kind of like that. I'm still easy going, but behind

556
00:24:08,640 --> 00:24:10,280
Speaker 1: the scenes, I have an army of people. I want

557
00:24:10,320 --> 00:24:11,879
Speaker 1: you to do background check. Once you do a credit check,

558
00:24:11,920 --> 00:24:14,360
Speaker 1: that you fall that asshole around and then I'll sit

559
00:24:14,400 --> 00:24:16,760
Speaker 1: there and yeah, I mean not just a PI. I

560
00:24:16,920 --> 00:24:19,600
Speaker 1: like black Market PI, Dark Web PI is like, yeah,

561
00:24:19,680 --> 00:24:22,199
Speaker 1: if I'm gonna trust anybody, And subsequent to that, I

562
00:24:22,240 --> 00:24:24,000
Speaker 1: still got screwed over a couple more people. So I

563
00:24:24,040 --> 00:24:26,960
Speaker 1: realized as you get into the big money world, there's

564
00:24:27,000 --> 00:24:29,240
Speaker 1: always going to be people some of the biggest bawlers

565
00:24:29,280 --> 00:24:29,760
Speaker 1: out there.

566
00:24:29,800 --> 00:24:30,880
Speaker 2: School you know took.

567
00:24:30,720 --> 00:24:33,840
Speaker 1: Me to But this time I had the right contracts,

568
00:24:33,840 --> 00:24:36,040
Speaker 1: I had the right resources, so they have the assets

569
00:24:36,280 --> 00:24:39,439
Speaker 1: so eventually they'll pay. So now it's just my approach

570
00:24:39,440 --> 00:24:41,040
Speaker 1: to it has been different. So every you're going to

571
00:24:41,119 --> 00:24:43,800
Speaker 1: go through that question number three on the Financial Friday

572
00:24:43,840 --> 00:24:47,080
Speaker 1: five is what is the best present you ever bought yourself?

573
00:24:48,240 --> 00:24:52,840
Speaker 5: I ever bought myself This ring right here paid for

574
00:24:52,880 --> 00:24:56,760
Speaker 5: your own wedding ring. No, but I wanted an upgrade

575
00:24:56,760 --> 00:24:57,440
Speaker 5: and so I got.

576
00:24:57,520 --> 00:25:00,840
Speaker 1: Okay, there we go tooth comes out, So tell me

577
00:25:00,840 --> 00:25:01,520
Speaker 1: a little bit about it.

578
00:25:01,600 --> 00:25:03,440
Speaker 2: Five cars, three cares quality.

579
00:25:04,080 --> 00:25:07,720
Speaker 5: So I have my original I have my original ring

580
00:25:07,800 --> 00:25:10,560
Speaker 5: on here because I can get it off. Because this

581
00:25:10,680 --> 00:25:13,119
Speaker 5: is just a reminder of humble beginnings right where we started.

582
00:25:13,119 --> 00:25:15,240
Speaker 5: This is like one hundred dollars, which was a lot

583
00:25:15,280 --> 00:25:17,879
Speaker 5: of money for me twenty six years ago. I had

584
00:25:17,920 --> 00:25:19,800
Speaker 5: to put on a credit card, somebody else's credit card.

585
00:25:19,880 --> 00:25:23,560
Speaker 5: Actually it wasn't even my own, but it just reminds

586
00:25:23,640 --> 00:25:26,200
Speaker 5: me of you know, where I've come from, and.

587
00:25:26,160 --> 00:25:28,960
Speaker 2: Now how far I've come, that's really cool. Yeah, very cool.

588
00:25:30,000 --> 00:25:30,879
Speaker 5: So that was the best.

589
00:25:31,920 --> 00:25:35,920
Speaker 2: So you guys have been married now twenty six years. Yeah, yeah, excellent.

590
00:25:36,080 --> 00:25:37,840
Speaker 1: And when you guys first met, so it sounds like

591
00:25:37,840 --> 00:25:41,000
Speaker 1: you're both struggling or not really, you know, living and

592
00:25:41,119 --> 00:25:41,960
Speaker 1: lavish lifestyle.

593
00:25:42,080 --> 00:25:46,480
Speaker 5: No, no, we were. We were doing okay. And when

594
00:25:46,560 --> 00:25:49,800
Speaker 5: I get pregnant, I get very sick, and I get

595
00:25:49,840 --> 00:25:52,080
Speaker 5: sick for a long time and I can't do anything.

596
00:25:52,520 --> 00:25:53,440
Speaker 5: So I couldn't work.

597
00:25:53,520 --> 00:25:55,679
Speaker 2: This is the whole morning puke thing, or it was

598
00:25:55,800 --> 00:25:59,600
Speaker 2: all day puke. I've never gone through this. It was bad. Yeah,

599
00:25:59,640 --> 00:26:01,679
Speaker 2: it was so.

600
00:26:01,840 --> 00:26:03,880
Speaker 5: Yeah. I wasn't able to work, and we had one

601
00:26:03,920 --> 00:26:06,640
Speaker 5: of our kids in private school, and just one thing

602
00:26:06,720 --> 00:26:09,400
Speaker 5: led to another, and yeah, we struggled for a long time.

603
00:26:09,440 --> 00:26:11,720
Speaker 5: But you know, we had what we needed. We've always

604
00:26:11,760 --> 00:26:12,400
Speaker 5: said what we needed.

605
00:26:12,880 --> 00:26:15,040
Speaker 1: I've realized that, you know, being in California, I think

606
00:26:15,119 --> 00:26:16,919
Speaker 1: it's now close to one out of every two marriages

607
00:26:17,000 --> 00:26:19,560
Speaker 1: ends up in divorce. And but it's also based on

608
00:26:19,640 --> 00:26:22,639
Speaker 1: if you got married before twenty five, it's like fifty percent.

609
00:26:22,960 --> 00:26:23,880
Speaker 2: As you get a little bit.

610
00:26:23,760 --> 00:26:25,520
Speaker 1: Older, if you get married in your forties and fifties,

611
00:26:25,560 --> 00:26:27,400
Speaker 1: then it's kind of skewed a little bit different where

612
00:26:27,400 --> 00:26:30,040
Speaker 1: it's like thirty percent. But California also happens to be

613
00:26:30,080 --> 00:26:32,879
Speaker 1: the divorce capital of the United States. And it's mainly

614
00:26:32,960 --> 00:26:35,600
Speaker 1: because I've found that people that started young, if they're

615
00:26:35,640 --> 00:26:37,359
Speaker 1: both struggling, and they kind of go through these up

616
00:26:37,359 --> 00:26:39,240
Speaker 1: and now as they make it. But it's when you're

617
00:26:39,280 --> 00:26:42,520
Speaker 1: mixing the different economic levels and expectations. Well he's got

618
00:26:42,560 --> 00:26:44,200
Speaker 1: to go to work and I'm home with the kids

619
00:26:44,200 --> 00:26:45,320
Speaker 1: and he's making the millions.

620
00:26:45,320 --> 00:26:45,800
Speaker 2: Well I'm not.

621
00:26:46,200 --> 00:26:48,359
Speaker 1: That's where you kind of see the problems. But when

622
00:26:48,400 --> 00:26:50,359
Speaker 1: they're getting married later in life, people have already figured

623
00:26:50,400 --> 00:26:52,840
Speaker 1: out that shit, so it tends to work. So a

624
00:26:52,840 --> 00:26:55,920
Speaker 1: little fun fact, but I like that president you bought yourself. Now,

625
00:26:56,040 --> 00:26:57,960
Speaker 1: follow up question the question before is what's the best

626
00:26:57,960 --> 00:26:58,640
Speaker 1: president you ever bought?

627
00:26:58,680 --> 00:27:02,000
Speaker 5: Somebody else talking about this earlier, and I don't know

628
00:27:02,040 --> 00:27:04,359
Speaker 5: how to say it, but it's one of those Eulaugerie

629
00:27:04,640 --> 00:27:06,400
Speaker 5: books for my husband.

630
00:27:06,800 --> 00:27:07,399
Speaker 2: What does it call?

631
00:27:07,760 --> 00:27:08,280
Speaker 5: How do you say?

632
00:27:08,440 --> 00:27:09,560
Speaker 2: Bourgeois bourdoir?

633
00:27:10,119 --> 00:27:12,840
Speaker 1: You know you arede those photo things that the chicks

634
00:27:12,840 --> 00:27:14,600
Speaker 1: do for their husband that board no.

635
00:27:14,880 --> 00:27:17,680
Speaker 5: Yes, yes, And I did that just a couple of

636
00:27:17,720 --> 00:27:18,120
Speaker 5: years ago.

637
00:27:18,480 --> 00:27:20,800
Speaker 2: So do you know that, girlfriend?

638
00:27:23,240 --> 00:27:25,280
Speaker 5: I think it was also empowering for myself, you know,

639
00:27:25,440 --> 00:27:28,880
Speaker 5: just being forty seven and doing something like that.

640
00:27:29,280 --> 00:27:30,800
Speaker 2: Now do you guys hang that in the bedroom.

641
00:27:31,000 --> 00:27:32,880
Speaker 5: It's just a little book for him. It's just for him.

642
00:27:33,000 --> 00:27:41,920
Speaker 2: Very cool, very his wedding ring too, ring he lost

643
00:27:41,960 --> 00:27:45,639
Speaker 2: one hundred dollars wedding ring. Yes, all right, So what

644
00:27:45,640 --> 00:27:47,399
Speaker 2: does he walk around with? Nothing? He doesn't know.

645
00:27:47,480 --> 00:27:50,440
Speaker 5: He doesn't have anything because he he can scratch cars

646
00:27:50,440 --> 00:27:52,440
Speaker 5: and stuff with it because he works in a body shop.

647
00:27:52,480 --> 00:27:56,520
Speaker 2: So that makes sense. Good excuse Phil, He has an out.

648
00:27:58,400 --> 00:28:01,560
Speaker 1: That's like I had taken off to wash my heads.

649
00:28:02,160 --> 00:28:02,800
Speaker 2: All right, guys.

650
00:28:02,840 --> 00:28:05,440
Speaker 1: Final question on the Financial Friday five is if you

651
00:28:05,480 --> 00:28:07,840
Speaker 1: could buy one thing and money is not an object,

652
00:28:07,840 --> 00:28:08,520
Speaker 1: what would that be?

653
00:28:09,400 --> 00:28:11,120
Speaker 2: Oh my god, And the answer cannot be I want

654
00:28:11,119 --> 00:28:11,879
Speaker 2: to buy more wishes.

655
00:28:12,640 --> 00:28:14,680
Speaker 5: No, I don't want to buy more wishes. I think

656
00:28:14,720 --> 00:28:17,200
Speaker 5: it would be to buy what I want, which is

657
00:28:17,240 --> 00:28:19,640
Speaker 5: to have a house for women who have been abandoned

658
00:28:19,640 --> 00:28:20,400
Speaker 5: by their husbands.

659
00:28:20,480 --> 00:28:22,119
Speaker 2: Oh, excellent, like a little shelter.

660
00:28:22,359 --> 00:28:23,560
Speaker 5: Yeah.

661
00:28:23,600 --> 00:28:26,040
Speaker 1: Are you are you doing anything to kind of make

662
00:28:26,080 --> 00:28:29,240
Speaker 1: that a reality? Starting nonprofit planning the seeds?

663
00:28:29,359 --> 00:28:31,880
Speaker 5: That is what I'm I'm thinking about starting a nonprofit.

664
00:28:31,920 --> 00:28:34,520
Speaker 5: I'm actually working with a nonprofit profit right now out

665
00:28:34,560 --> 00:28:37,920
Speaker 5: in North Carolina, so I help there are homeless people

666
00:28:37,920 --> 00:28:40,320
Speaker 5: who are being brought in by the mission, and then

667
00:28:40,440 --> 00:28:43,360
Speaker 5: I teach them how to manage your finances, so kind

668
00:28:43,400 --> 00:28:45,960
Speaker 5: of learning the workings of their mind and what's going

669
00:28:46,000 --> 00:28:48,920
Speaker 5: on in the workings of a nonprofit so that I

670
00:28:48,960 --> 00:28:51,600
Speaker 5: can start opening my own and start getting that well, let's.

671
00:28:51,480 --> 00:28:53,280
Speaker 1: Put that out there in the universe. I've found that

672
00:28:53,360 --> 00:28:54,800
Speaker 1: when I do do that, and I do it on

673
00:28:54,840 --> 00:28:58,000
Speaker 1: a public format like this, it tends to kind of materialize.

674
00:28:58,000 --> 00:28:59,720
Speaker 1: So if there's anything I can do to help with that,

675
00:29:00,120 --> 00:29:02,040
Speaker 1: be more than happy to. I think it's a very

676
00:29:02,120 --> 00:29:04,960
Speaker 1: valid needing concern. In fact, I think that's one of

677
00:29:05,000 --> 00:29:09,080
Speaker 1: the biggest problems is financial literacy. You know, I harp

678
00:29:09,120 --> 00:29:10,880
Speaker 1: about it all the time right now, but even through

679
00:29:11,000 --> 00:29:14,000
Speaker 1: college and high school, all the crap we learned and

680
00:29:14,040 --> 00:29:16,240
Speaker 1: paid for and leaving college with six figures in debt,

681
00:29:16,400 --> 00:29:18,800
Speaker 1: you don't learn about foreclosure processes. You don't learn how

682
00:29:18,800 --> 00:29:20,560
Speaker 1: to buy first trusteeds, you don't learn how to repair

683
00:29:20,600 --> 00:29:22,720
Speaker 1: your credit, you don't learn any of the things that

684
00:29:22,760 --> 00:29:25,120
Speaker 1: can actually help you make money, not ruin money.

685
00:29:25,120 --> 00:29:26,440
Speaker 2: No classes on that.

686
00:29:26,520 --> 00:29:29,600
Speaker 1: But you know, the forty fifth president in Nicaragua was

687
00:29:29,640 --> 00:29:30,600
Speaker 1: on a test or whatever.

688
00:29:30,720 --> 00:29:32,960
Speaker 5: Right, So make things that don't matter.

689
00:29:32,880 --> 00:29:33,640
Speaker 2: Things that don't matter.

690
00:29:33,680 --> 00:29:35,040
Speaker 1: And I mean, I guess it matters if you want

691
00:29:35,080 --> 00:29:39,320
Speaker 1: to study, you know, international presidency law. But that's why

692
00:29:39,360 --> 00:29:41,720
Speaker 1: I kind of tell kids now, especially this generation, to

693
00:29:41,720 --> 00:29:44,600
Speaker 1: where you know the schools will give you hundreds of

694
00:29:44,640 --> 00:29:46,600
Speaker 1: thousands of dollars in loans. You want to go back to school,

695
00:29:46,680 --> 00:29:49,280
Speaker 1: still give you loans. All right, you graduated, you need

696
00:29:49,320 --> 00:29:51,360
Speaker 1: a business loan. Sorry, you don't have experience, you don't

697
00:29:51,400 --> 00:29:53,000
Speaker 1: have this, you don't have that. So but let's still

698
00:29:53,000 --> 00:29:54,920
Speaker 1: give you credit cards on the first day of freshman year.

699
00:29:55,240 --> 00:29:58,520
Speaker 1: So it's unfortunate that the school systems in the United

700
00:29:58,560 --> 00:30:01,840
Speaker 1: States are completely broken. Of course, there's value in it

701
00:30:01,880 --> 00:30:03,960
Speaker 1: if you're going to be a dentist, lawyer, doctor, attorney.

702
00:30:04,480 --> 00:30:06,520
Speaker 1: But you know these kids that go with and I

703
00:30:06,600 --> 00:30:10,760
Speaker 1: keep picking on this term, but I got a sociology degree.

704
00:30:10,920 --> 00:30:13,479
Speaker 2: Cool, all right, yeah, what are you gonna do with it? Exactly?

705
00:30:14,000 --> 00:30:15,960
Speaker 2: Because I can't think of a single job that that

706
00:30:16,320 --> 00:30:20,560
Speaker 2: you know is the deciphering criteria. But I encourage people.

707
00:30:20,280 --> 00:30:22,320
Speaker 1: You know, look at look at alternatives, look at just

708
00:30:22,320 --> 00:30:24,040
Speaker 1: trying to you know, first figure out what.

709
00:30:24,000 --> 00:30:24,560
Speaker 2: You want to do.

710
00:30:24,840 --> 00:30:29,400
Speaker 1: Learn entrepreneurship, hire mentors, and quite frankly, you know if

711
00:30:29,400 --> 00:30:33,040
Speaker 1: you don't have that mindset, and school sucks for you. Attorneys, plumbers,

712
00:30:33,120 --> 00:30:36,760
Speaker 1: electricians all are making six figures and multiple steaks right now.

713
00:30:36,800 --> 00:30:38,280
Speaker 2: If there's a shortage of them, we'll.

714
00:30:38,160 --> 00:30:40,600
Speaker 1: Be continuing shortage of them because AI is not going

715
00:30:40,680 --> 00:30:41,120
Speaker 1: to fix that.

716
00:30:41,600 --> 00:30:42,880
Speaker 2: All these other industries.

717
00:30:42,920 --> 00:30:45,400
Speaker 1: AI is going to take over, and so if you

718
00:30:45,560 --> 00:30:48,920
Speaker 1: are struggling, I do not think schools answer anymore, guys.

719
00:30:48,920 --> 00:30:49,680
Speaker 2: And I think there's.

720
00:30:49,520 --> 00:30:51,800
Speaker 1: Different types of schools that you go to that don't

721
00:30:51,800 --> 00:30:54,600
Speaker 1: come with a fabricated degree run by a corporate.

722
00:30:54,960 --> 00:30:57,200
Speaker 2: Sorry, it's got to try to make that back trade.

723
00:30:56,960 --> 00:31:00,240
Speaker 1: Back absolutely all right, guys, we're gonna take quick break.

724
00:31:00,280 --> 00:31:02,000
Speaker 1: When we come back, I'd like to hear a little

725
00:31:02,040 --> 00:31:04,360
Speaker 1: bit more about how you guys can find.

726
00:31:04,120 --> 00:31:06,640
Speaker 2: Out how to tap into her system. We'll be right

727
00:31:06,680 --> 00:31:07,560
Speaker 2: back here on Financial Life.

728
00:31:07,600 --> 00:31:09,920
Speaker 3: We'll be right back with more financial Fridays with the

729
00:31:09,960 --> 00:31:13,760
Speaker 3: Inside Investor Tony K. Make sure you follow Tony at

730
00:31:13,800 --> 00:31:25,160
Speaker 3: the Insider Investor. Welcome back to Cannabis Talk one on

731
00:31:25,240 --> 00:31:29,520
Speaker 3: one's Financial Fridays with the Inside Investor Tony Ka. Make

732
00:31:29,560 --> 00:31:31,840
Speaker 3: sure you like, follow and subscribe to the show.

733
00:31:31,880 --> 00:31:32,080
Speaker 2: Now.

734
00:31:32,160 --> 00:31:33,960
Speaker 1: Oh guys, if you get yourself caught up and you're

735
00:31:33,960 --> 00:31:37,080
Speaker 1: looking for an attorney, please consider mister Freddie Sage. He's

736
00:31:37,120 --> 00:31:38,840
Speaker 1: our personal attorney here at c T one to one.

737
00:31:38,880 --> 00:31:41,720
Speaker 1: He's become a good friend of ours. This dude handles everything, man.

738
00:31:41,720 --> 00:31:43,920
Speaker 1: He's become an expert in cannabis law. He speaks all

739
00:31:43,920 --> 00:31:46,000
Speaker 1: over the United States. In fact, he speaks at our

740
00:31:46,040 --> 00:31:49,560
Speaker 1: master Mentor's live events. He's also an entertainment attorney from

741
00:31:49,600 --> 00:31:52,760
Speaker 1: a defense attorney. He's also got ties into many other

742
00:31:53,040 --> 00:31:55,320
Speaker 1: legalities that you may need to But he's somebody that

743
00:31:55,360 --> 00:31:57,040
Speaker 1: I trust, which is a hard thing to say about

744
00:31:57,080 --> 00:31:58,600
Speaker 1: my fellow attorneys, right, but.

745
00:31:58,720 --> 00:31:59,959
Speaker 2: This is a good dude. Guys, give them a call.

746
00:32:00,080 --> 00:32:01,840
Speaker 2: It's three one oh eight seven seven five.

747
00:32:01,800 --> 00:32:04,520
Speaker 1: Zero three three again three one eight seven seven five

748
00:32:04,600 --> 00:32:07,000
Speaker 1: zero three three, Or go to this website. It's the

749
00:32:07,160 --> 00:32:10,000
Speaker 1: Foxfirm dot com. That's what two x's are the fix.

750
00:32:10,080 --> 00:32:12,160
Speaker 1: We're now back here on Financial Fridays, guys.

751
00:32:12,400 --> 00:32:15,760
Speaker 6: Before we took this last break, I asked her about

752
00:32:15,840 --> 00:32:19,040
Speaker 6: this money coaching program that she has, and I think

753
00:32:19,640 --> 00:32:21,520
Speaker 6: I haven't been bringing that on the show a lot

754
00:32:21,600 --> 00:32:24,120
Speaker 6: because it's hard for me to kind of recommend anybody

755
00:32:24,200 --> 00:32:27,280
Speaker 6: else in the money game, especially when it comes to investments,

756
00:32:27,280 --> 00:32:29,720
Speaker 6: and the fact that she doesn't have a product to

757
00:32:29,760 --> 00:32:32,480
Speaker 6: sell you. She doesn't have a cookie cutter box ops

758
00:32:32,480 --> 00:32:34,640
Speaker 6: a way. She's not selling you amway or coaching in

759
00:32:34,680 --> 00:32:37,560
Speaker 6: a box. She's literally just giving you her life experiences

760
00:32:37,600 --> 00:32:39,800
Speaker 6: and showing you the trials and tribulations so you can

761
00:32:39,880 --> 00:32:41,800
Speaker 6: learn her from her mistake. Plus, it looks like we

762
00:32:41,920 --> 00:32:45,200
Speaker 6: have an opportunity to kind of get your finances at order. Uh,

763
00:32:45,320 --> 00:32:47,120
Speaker 6: you've heard me kind of talk about not just the

764
00:32:47,120 --> 00:32:50,120
Speaker 6: political environment, but the direction that this country's taken. I

765
00:32:50,160 --> 00:32:51,800
Speaker 6: do think at some point we're going to have this

766
00:32:51,840 --> 00:32:54,480
Speaker 6: other black Swan event, which is just another thing that

767
00:32:54,520 --> 00:32:56,400
Speaker 6: you never expected to happen that I think it will

768
00:32:56,480 --> 00:32:59,360
Speaker 6: really shock the system. So I keep saying, get your

769
00:32:59,360 --> 00:33:01,040
Speaker 6: money in order to house in order, and I think

770
00:33:01,080 --> 00:33:03,320
Speaker 6: somebody like this could really help you out. So if

771
00:33:03,360 --> 00:33:05,720
Speaker 6: I'm a new client and I just hurt watch this

772
00:33:06,120 --> 00:33:07,440
Speaker 6: and I'm like, hey, I want I want to check

773
00:33:07,480 --> 00:33:09,760
Speaker 6: this out, what can I expect what's the price.

774
00:33:09,560 --> 00:33:11,120
Speaker 2: Points, what kind of commitment is that, and what do

775
00:33:11,120 --> 00:33:11,640
Speaker 2: you need from me?

776
00:33:12,520 --> 00:33:16,560
Speaker 5: Yeah, so I start everybody on foundational coaching, So we

777
00:33:16,680 --> 00:33:18,880
Speaker 5: got to heil the onion back, as you said, and

778
00:33:19,280 --> 00:33:22,800
Speaker 5: really get to the basics, where's your money going, what

779
00:33:22,880 --> 00:33:25,600
Speaker 5: is it doing, where do you want it to go?

780
00:33:25,720 --> 00:33:28,120
Speaker 5: And really building out your plan, working on your mindset,

781
00:33:28,240 --> 00:33:33,000
Speaker 5: your behaviors. It's it's a process. So for personal coaching,

782
00:33:33,480 --> 00:33:36,960
Speaker 5: ninety days, it's twelve ninety seven. I also do business coaching,

783
00:33:37,440 --> 00:33:40,240
Speaker 5: so business is twenty four ninety seven, so ninety days.

784
00:33:40,280 --> 00:33:42,440
Speaker 5: And then we move into what I call accountability and growth,

785
00:33:42,600 --> 00:33:44,680
Speaker 5: and it's just continuing the work that we started because

786
00:33:44,880 --> 00:33:46,600
Speaker 5: we still need accountability, right.

787
00:33:47,680 --> 00:33:52,240
Speaker 1: And then the accountability is weekly coaching calls monthly or

788
00:33:52,280 --> 00:33:54,440
Speaker 1: as I have needs and problems, I kind of address

789
00:33:54,440 --> 00:33:55,480
Speaker 1: them with you or how does that work?

790
00:33:55,560 --> 00:33:58,520
Speaker 5: So it's usually about two times a month. It depends

791
00:33:58,520 --> 00:34:00,840
Speaker 5: on what the client needs. Eventually work them into like

792
00:34:00,920 --> 00:34:03,240
Speaker 5: once a quarter that would be great, right, And you

793
00:34:03,240 --> 00:34:04,960
Speaker 5: don't want them to be having to talk to you

794
00:34:05,000 --> 00:34:06,680
Speaker 5: all the time. You want to empower them to be

795
00:34:06,680 --> 00:34:08,200
Speaker 5: able to make those decisions themselves.

796
00:34:08,440 --> 00:34:10,359
Speaker 1: You mean, you don't just try to stream people along

797
00:34:10,400 --> 00:34:11,680
Speaker 1: for forty years to take their money.

798
00:34:11,760 --> 00:34:14,720
Speaker 5: No, I wouldn't be a good.

799
00:34:16,320 --> 00:34:18,440
Speaker 1: Yeah, there was this joke in the coaching community that

800
00:34:18,760 --> 00:34:20,319
Speaker 1: you need to coach them on how they need you

801
00:34:20,400 --> 00:34:24,239
Speaker 1: right keep paying every month? But right, yeah, it's it's

802
00:34:24,280 --> 00:34:26,719
Speaker 1: you know, the whole coaching world that I got involved with,

803
00:34:26,760 --> 00:34:29,480
Speaker 1: there's so many bad ones that kind of just like

804
00:34:29,520 --> 00:34:31,279
Speaker 1: any other industry. Though I used to think it was

805
00:34:31,360 --> 00:34:34,279
Speaker 1: just the financial services industry where I would identify like

806
00:34:34,320 --> 00:34:36,439
Speaker 1: three guys I'm like, dude, I can't believe these people

807
00:34:36,480 --> 00:34:38,960
Speaker 1: would trust this guy with their money. But I realized

808
00:34:38,960 --> 00:34:41,760
Speaker 1: as I dabbled in the real estate world, masterminding world,

809
00:34:41,840 --> 00:34:44,480
Speaker 1: entertainment world, it's kind of like that. In every industry,

810
00:34:44,480 --> 00:34:46,400
Speaker 1: you got some bad apples that give the industry a

811
00:34:46,440 --> 00:34:49,000
Speaker 1: bad name, and then quickly that people kind of look

812
00:34:49,040 --> 00:34:50,239
Speaker 1: at you, so, oh, are you going to be one

813
00:34:50,280 --> 00:34:52,239
Speaker 1: of them? And so I think, I think the best

814
00:34:52,239 --> 00:34:54,120
Speaker 1: thing you can do is just be authentic, be yourself,

815
00:34:54,160 --> 00:34:57,439
Speaker 1: and people kind of resonate that before we take off,

816
00:34:57,520 --> 00:34:59,160
Speaker 1: give me a give the audience a little bit of

817
00:35:00,040 --> 00:35:01,279
Speaker 1: info on how they can get a hold of you,

818
00:35:01,360 --> 00:35:02,799
Speaker 1: or your Instagram, your website.

819
00:35:03,040 --> 00:35:04,880
Speaker 5: Yeah, you can find me on all the places at

820
00:35:04,920 --> 00:35:10,240
Speaker 5: your Money on Purpose dot Com, Instagram, TikTok, LinkedIn, Facebook.

821
00:35:09,800 --> 00:35:11,120
Speaker 2: Your Money on Purpose.

822
00:35:10,880 --> 00:35:13,719
Speaker 5: Your Money on Purpose. My website is your Money on

823
00:35:13,760 --> 00:35:16,680
Speaker 5: Purpose dot com. And then I also have a podcast

824
00:35:16,719 --> 00:35:20,680
Speaker 5: it's actually your Business on Purpose because it's all about business.

825
00:35:20,800 --> 00:35:22,879
Speaker 2: Actually, how many episodes you got there? Now?

826
00:35:23,920 --> 00:35:26,480
Speaker 5: I am over one hundred. I definitely know the exact number,

827
00:35:26,520 --> 00:35:27,200
Speaker 5: but we're over one hundred.

828
00:35:27,239 --> 00:35:29,239
Speaker 2: Now. You're in the top three percent of all podcasters.

829
00:35:29,320 --> 00:35:29,680
Speaker 6: I know.

830
00:35:30,400 --> 00:35:34,480
Speaker 1: That not a fascinating statistic. Actually it's ninety percent of all podcasts.

831
00:35:34,480 --> 00:35:36,200
Speaker 1: They'll make it past ten episodes.

832
00:35:36,320 --> 00:35:36,480
Speaker 2: I know.

833
00:35:36,560 --> 00:35:38,640
Speaker 1: It's so weird nice and it just tells you how

834
00:35:38,640 --> 00:35:41,000
Speaker 1: many people start things that don't that never finish. And

835
00:35:41,040 --> 00:35:43,520
Speaker 1: I think that's why there's so much room for opportunities

836
00:35:43,560 --> 00:35:45,879
Speaker 1: out there, because people always think like, oh, it's too

837
00:35:45,920 --> 00:35:47,800
Speaker 1: late to get into that. People aren't doing things the

838
00:35:47,880 --> 00:35:50,200
Speaker 1: right way. A lot of people may be getting into

839
00:35:50,239 --> 00:35:52,200
Speaker 1: a certain business or industry, but it doesn't mean they've

840
00:35:52,200 --> 00:35:54,640
Speaker 1: mastered it. So congratulations to you. And I mean one

841
00:35:54,680 --> 00:35:56,520
Speaker 1: hundred episodes of snow Joke. And how long ago did

842
00:35:56,560 --> 00:35:57,000
Speaker 1: you start?

843
00:35:58,920 --> 00:36:00,400
Speaker 5: It's been over a year or so. I put an

844
00:36:00,400 --> 00:36:01,320
Speaker 5: episode out every.

845
00:36:01,120 --> 00:36:06,760
Speaker 1: Week, so okay, yeah, that makes sense. So every week

846
00:36:06,920 --> 00:36:09,040
Speaker 1: you're looking at about forty episodes. So you've been doing

847
00:36:09,000 --> 00:36:13,640
Speaker 1: it for two years or you had that Missus money

848
00:36:13,680 --> 00:36:15,160
Speaker 1: coach over a year.

849
00:36:19,400 --> 00:36:20,440
Speaker 2: Yeah, no, I'm just teasy.

850
00:36:20,520 --> 00:36:23,800
Speaker 1: Yeah, before we leave, is there any other events or

851
00:36:23,800 --> 00:36:25,240
Speaker 1: any kind of events you want to promo?

852
00:36:25,560 --> 00:36:28,160
Speaker 2: Other speaking gigs you have? Yeah?

853
00:36:28,320 --> 00:36:31,160
Speaker 5: So, well, tomorrow will be at Divina's events. So that's

854
00:36:31,200 --> 00:36:33,120
Speaker 5: going to be an awesome event. And if you guys

855
00:36:33,520 --> 00:36:35,600
Speaker 5: don't make it, make sure you get on her list

856
00:36:35,600 --> 00:36:37,839
Speaker 5: for the next event, which I think she's having in October.

857
00:36:38,000 --> 00:36:40,120
Speaker 5: I'll actually be having our food there, so I also

858
00:36:40,160 --> 00:36:43,840
Speaker 5: have a catering company. We'll be featuring my husband's amazing

859
00:36:43,840 --> 00:36:45,000
Speaker 5: Texas style barbecue.

860
00:36:46,080 --> 00:36:48,640
Speaker 1: I'm from Texas and I'm a big barbecue freak, so

861
00:36:49,760 --> 00:36:51,879
Speaker 1: that check better cash, and I'll be honest it will.

862
00:36:52,280 --> 00:36:54,960
Speaker 1: I like Texas barbecue because it's not overly sugary. I

863
00:36:54,960 --> 00:36:57,080
Speaker 1: feel like California and some of these other barbecues just

864
00:36:57,080 --> 00:36:58,239
Speaker 1: put a shit ten of sugar in it.

865
00:36:58,280 --> 00:36:59,960
Speaker 2: So I do like Texas barbecue.

866
00:37:00,000 --> 00:37:03,840
Speaker 5: As they don't know how they're doing.

867
00:37:04,560 --> 00:37:07,240
Speaker 1: How can they find out about the barbecue and hiring

868
00:37:07,280 --> 00:37:08,520
Speaker 1: you for pop up events and.

869
00:37:08,520 --> 00:37:12,920
Speaker 5: Carrie, Yeah, so we're on Instagram at white Oak Craft Barbecue.

870
00:37:12,920 --> 00:37:15,640
Speaker 5: So white Oak Kraft Barbecue on Instagram. That's the only

871
00:37:15,640 --> 00:37:16,480
Speaker 5: place you can find us.

872
00:37:18,239 --> 00:37:20,719
Speaker 1: And you guys, she mentioned Divina's event. I know you

873
00:37:20,719 --> 00:37:23,400
Speaker 1: may you may have seen this online etcter. This one

874
00:37:23,440 --> 00:37:25,480
Speaker 1: was I think more of a private industry only event.

875
00:37:26,320 --> 00:37:28,440
Speaker 1: But she's really looking at expanding that. It's going to

876
00:37:28,480 --> 00:37:31,480
Speaker 1: be a great networking opportunity in southern California. Shoot me

877
00:37:31,520 --> 00:37:33,600
Speaker 1: a DM, shoot her DM. I'll get you on the

878
00:37:33,600 --> 00:37:35,440
Speaker 1: list for the next event. I think it's something that

879
00:37:35,719 --> 00:37:37,759
Speaker 1: it's always valuable when you can kind of be a

880
00:37:37,760 --> 00:37:40,319
Speaker 1: part of a network. They say your net worth is

881
00:37:40,320 --> 00:37:44,520
Speaker 1: your network, right, and you you know, the more good

882
00:37:44,520 --> 00:37:46,400
Speaker 1: people you have, you the bigger your rolodex is.

883
00:37:46,480 --> 00:37:48,080
Speaker 2: As you expand and you pivot and you have to

884
00:37:48,080 --> 00:37:49,480
Speaker 2: look at multiple streets of income.

885
00:37:49,719 --> 00:37:52,200
Speaker 1: You'll never know when having another person.

886
00:37:51,920 --> 00:37:54,040
Speaker 2: In your group will help you expand on that.

887
00:37:54,400 --> 00:37:56,520
Speaker 1: So with that said, I want to thank you for

888
00:37:56,560 --> 00:37:58,759
Speaker 1: coming on the show. I'll take an invite to be

889
00:37:58,800 --> 00:38:00,840
Speaker 1: on your show anytime because now I'm excited.

890
00:38:00,920 --> 00:38:02,799
Speaker 2: This is one hundred plus episodes.

891
00:38:04,360 --> 00:38:06,520
Speaker 1: I think I just barely hit my one hundredth episode

892
00:38:06,560 --> 00:38:08,600
Speaker 1: after all the shows, but we only do a show

893
00:38:08,719 --> 00:38:11,719
Speaker 1: once a week or every Friday basically for the past.

894
00:38:11,440 --> 00:38:15,000
Speaker 2: Trip, So congratulations again on that. Looking forward to facing

895
00:38:15,000 --> 00:38:15,920
Speaker 2: your food tomorrow.

896
00:38:16,080 --> 00:38:17,800
Speaker 1: And you guys, I want to thank you for listening

897
00:38:17,840 --> 00:38:20,200
Speaker 1: to Finance Fridays here on CQ one on one. I'm

898
00:38:20,239 --> 00:38:22,000
Speaker 1: Tony Ka and you can always find me on Instagram

899
00:38:22,000 --> 00:38:23,160
Speaker 1: at the Insider Investor.

900
00:38:23,480 --> 00:38:26,200
Speaker 2: Remember, keep that wallet tight, keep your mind right. I'll

901
00:38:26,200 --> 00:38:29,799
Speaker 2: see you next Friday on Financial Friday. Until next time,

902
00:38:29,840 --> 00:38:30,160
Speaker 2: I'm out.

903
00:38:30,360 --> 00:38:33,200
Speaker 3: Thank you for listening to Financial Fridays with the Insider

904
00:38:33,239 --> 00:38:36,920
Speaker 3: Investor Tony Kay on Cannabis Talk one oh one, the

905
00:38:37,040 --> 00:38:40,919
Speaker 3: world's number one source for everything cannabis.