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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fined nearly

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Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 1: border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security.

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Speaker 3: All right, guys, welcome back State of Emergency edition. You know,

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Speaker 3: we haven't really had a live episode since this Corona

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Speaker 3: situation for full blown Obviously, if you were watching a podcast,

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Speaker 3: you know that We have a lot of episodes that

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Speaker 3: we've take before and never put out, but but we

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Speaker 3: decided that, you know, instead of just keep putting those

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Speaker 3: episodes out, we got really a couple of really good

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Speaker 3: ones still in the vault. We wanted to kind of

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Speaker 3: just talk about some of some current topics.

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Speaker 2: Well has changed, Yeah, for sure, It's.

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Speaker 3: A lot going on in the world right now, and

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Speaker 3: our job is to try to help people out, try

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Speaker 3: to educate people, and try to you know, bring awareness

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Speaker 3: of different things.

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Speaker 4: So and we appreciate that people are looking for us

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Speaker 4: to do that, man, because that is super encouraging in

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Speaker 4: these times. So we're going to deliver on that for sure.

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Speaker 2: Yeah.

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Speaker 3: So we're gonna talk about a few different topics in

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Speaker 3: business right now that's trending and really relevant.

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Speaker 2: To everybody's lives.

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Speaker 3: And so yeah, first up to bat, we're gonna talk

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Speaker 3: about video conferencing.

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Speaker 2: Yeah, it's huge right now.

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Speaker 4: That seems to be the way that everyone is communicating

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Speaker 4: due to the social disgizing. There's tons of platforms, So

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Speaker 4: let's get into it. That's actually where we left off.

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Speaker 2: Really.

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Speaker 3: Yeah, we talked about Zoom a while ago, spoke Well,

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Speaker 3: the crazy thing is that if you're in business, you're

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Speaker 3: not new to Zoom, like you've been using Zoom for

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Speaker 3: a long time.

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Speaker 2: I been using Zoom for years.

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Speaker 3: I was actually surprised that not a lot of people

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Speaker 3: knew what Zoom was until recently. But we spoke about

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Speaker 3: Zoom on the podcast I think a few weeks ago.

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Speaker 2: Yep.

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Speaker 4: We were actually talking about how if this was going

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Speaker 4: to happen, social digital was going to happen, we would

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Speaker 4: see video conference and be the thing, and that was

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Speaker 4: a stock that we spoke about.

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Speaker 2: And now we're back at it. Yeah.

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Speaker 3: So if anybody's not familiar, Zoom is a video conferencing

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Speaker 3: application that allows you to video conference. It's like FaceTime,

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Speaker 3: but it also allows to do like I think, up

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Speaker 3: to like a thousand people. It's a max something like that,

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Speaker 3: and then it has like different levels that you can

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Speaker 3: pay for or different features. And it's real big in

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Speaker 3: the business world. And now it's real big in the

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Speaker 3: world period because you got all kinds of different things

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Speaker 3: where everybody was social distancing, has to communicate with each

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Speaker 3: other by not physically being there. So Zoom is really

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Speaker 3: taking off. So how this is relevant to everybody's lives

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Speaker 3: is because now everybody's on Zoom, whether it's through distance

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Speaker 3: learning with your children or yourself, whether it's through your

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Speaker 3: job right, whether it's through communicating with relatives, friends, family.

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Speaker 2: Like virtual happy hours.

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Speaker 3: The user amount went from ten million to one hundred million.

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Speaker 2: They went from ten million to two hundred million in two.

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Speaker 3: Months, ten million to two hundred million two months. The

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Speaker 3: stock price went from sixty four dollars sixty two dollars

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Speaker 3: in December to it reached its peak at one hundred

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Speaker 3: and sixty four dollars in March. So just in a

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Speaker 3: few months, it increased one hundred and sixty four percent.

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Speaker 3: When everything else was falling, Zoom was rising.

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Speaker 2: We started getting text messages about that thanks.

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Speaker 3: And it went up one hundred and sixty four percent,

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Speaker 3: and so it's crazy. So now it's like we talk

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Speaker 3: about it all the time as far as how you

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Speaker 3: got to stay up to date as far as the

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Speaker 3: world because everything changes so rapidly. But now we actually

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Speaker 3: get to witness it. We actually get to witness the

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Speaker 3: world literally changing in fourteen days.

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Speaker 2: Like living in it as it's evolvement.

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Speaker 4: It's kind of crazy to be a part of because

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Speaker 4: everybody says, like, yo, we never thought we'd be here,

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Speaker 4: but we're here, and now it was like well three

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Speaker 4: or four weeks now that we're into it, So getting

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Speaker 4: adjusted to it is a thing, and then now trying

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Speaker 4: to survive in it is another.

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Speaker 3: Yeah, so let's talk about Zoom. We gonna talk about

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Speaker 3: few different things for the conference, but just talk about Zoom. So,

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Speaker 3: as I said, I mean, everybody should be aware of Zoom.

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Speaker 3: We use Zoom for Eyo University. Shout out to all

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Speaker 3: Eyo University members. Most jobs that are you know, doing

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Speaker 3: distance communication is using Zoom. Most distance learning is using Zoom.

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Speaker 3: So a lot of people are getting familiar with Zoom.

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Speaker 3: Like you said, it went from ten million users to

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Speaker 3: two hundred million users. A lot of people is downloading

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Speaker 3: the app, using it overnight, getting familiar with it, but

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Speaker 3: they're not they just getting to know it, right. So,

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Speaker 3: but like all things, they've had some issues, right, So

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Speaker 3: the issues.

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Speaker 4: Yeah, so the major thing, like you said, a lot

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Speaker 4: of business corporation has been using it. But when it

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Speaker 4: came into the education space, security became a real situation.

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Speaker 4: We had kids going into conferences what they're calling is

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Speaker 4: zoom bombing, going into them not being invited.

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Speaker 2: Kurs and doing all types of profanity.

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Speaker 4: So it became a security issue from an education standpoint,

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Speaker 4: but on a business standpoint, a lot of people's information

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Speaker 4: was being shared, so that became a big thing. Companies

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Speaker 4: like Facebook and LinkedIn were getting information based on people

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Speaker 4: subscribing and people putting up their ID for their chats,

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Speaker 4: so it became a real security issue, and recently New

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Speaker 4: York City decided listen, we're banning Zoom. We can't use

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Speaker 4: it now for our schools. We have to find alternatives

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Speaker 4: for these reasons.

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Speaker 3: Yeah, and you know, it's something that all technology companies

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Speaker 3: have for Privy too, So it's like Facebook just the

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Speaker 3: next one up. Facebook has pay billions of dollars for

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Speaker 3: sharing user information. Google has been proven that they've shared

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Speaker 3: user information. So this is the world that we live in.

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Speaker 3: And Zoom has vowed to take steps to correct this measure.

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Speaker 4: Yeah, so now there thing is like rather than making upgrades,

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Speaker 4: because it's some things that they could do to improve

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Speaker 4: now that they have such a large platform of people

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Speaker 4: that are using it, they've maken a vow to listen

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Speaker 4: the next sixty to ninety days. Our only thing that

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Speaker 4: we're working on is security. So it's a great platform.

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Speaker 4: They just want to get the bugs out. So there

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Speaker 4: was like an update that happened a few weeks ago.

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Speaker 4: They're going to keep updating to make sure that the

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Speaker 4: security measures are met so that we don't have instiantis

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Speaker 4: like this. But if you are familiar with zoom, and

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Speaker 4: it's tough because I've been trying to explain this to

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Speaker 4: a lot of people. It was like, you can have

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Speaker 4: your own security measures right when you have a conference,

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Speaker 4: don't share the idea, or.

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Speaker 3: You have a password.

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Speaker 2: Also, yeah, you can put.

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Speaker 4: Password protect the ID, or when somebody comes into the room,

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Speaker 4: you can put they must expimission before entering. You make

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Speaker 4: sure that everybody mic is muted before they enter. You

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Speaker 4: make sure no screens on before they inter So all

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Speaker 4: these things that people who are commenting zoom could.

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Speaker 2: Have done or know to do. The new userge they're

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Speaker 2: not for making.

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Speaker 3: So for like people that are zoom bomb what's zoom bombing?

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Speaker 3: Talk about so zoom bombing.

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Speaker 4: And I'll give you a perfect example is like if

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Speaker 4: we had a video conference, right, We're doing an Eyo

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Speaker 4: University webinar and somebody shared like that we didn't have

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Speaker 4: part of the group shared that link. They come in

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Speaker 4: and they just go off like their MIC's not muted,

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Speaker 4: so they might start saying all types of profanity. They

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Speaker 4: might have like crazy things up on their screen if

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Speaker 4: their video conference button is on, And now that could

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Speaker 4: destroy a whole webinar, right, So people that was happening

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Speaker 4: in schools, and it was happening in corporations, like people

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Speaker 4: having corporate meetings and out of nowhere, like there would

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Speaker 4: be like somebody just boom to start cursing in the

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Speaker 4: middle of like multi million dollar meetings, which is crazy,

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Speaker 4: but that's what you do when you have security labs.

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Speaker 3: So all right, So for people that are in business,

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Speaker 3: because this is a business podcast and they're setting up

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Speaker 3: their zoom, what tips can how do they stop that

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Speaker 3: from happening?

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Speaker 4: Like we said, so there are precursors before once you

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Speaker 4: set up your accounts. When you set up you account,

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Speaker 4: there's all types of things you can do when doing

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Speaker 4: like a webinar or you're doing a video conference. When

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Speaker 4: you go to the settings, you can check everyone's mic

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Speaker 4: mutant when entering, everyone's video capabilities muted while entering. That way,

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Speaker 4: when somebody comes in the room, you'll know, like wait,

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Speaker 4: who is this person, and especially if education you could

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Speaker 4: just check over a ten it's like, all right, I

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Speaker 4: know that name. If that name is not familiar, you

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Speaker 4: don't let them in the room. Like you said earlier.

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Speaker 4: You can also put a password when entering, so like

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Speaker 4: that password is only given to members who are invited

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Speaker 4: to the room. So that password gets entered, you see

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Speaker 4: it come up. You can invite them to talk. Those

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Speaker 4: are easy steps that people can do. I just don't

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Speaker 4: think that people know that those barriers exist.

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Speaker 3: And Zoom is so you create the zoom link and

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Speaker 3: then you send it. You you send it to anybody

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Speaker 3: that you want to have in the Zoom exactly rxactly.

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Speaker 3: Zoom is free, right, that's true up to one hundred users.

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Speaker 2: One hundred users.

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Speaker 4: Yeah, so anything over one hundred users, like some conference

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Speaker 4: rooms have a thousand, right, then you're gonna have to

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Speaker 4: pay more.

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Speaker 2: How much do you pay?

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Speaker 3: Uh?

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Speaker 2: Their plans vary.

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Speaker 4: I know there's one that's ninety nine, there's a three

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Speaker 4: to ninety nine plan, and then it goes up from there.

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Speaker 2: You know how many people you want a month?

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Speaker 4: Yeah, per month, right, which in the business world is

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Speaker 4: a small expense. If you have to use Zoom on

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Speaker 4: a daily and you having huge numbers of people in

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Speaker 4: your conference.

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Speaker 2: It makes sense.

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Speaker 4: But school districts have to do now is like figure

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Speaker 4: out like where we go next? Because that was an

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Speaker 4: expense that kept everybody together.

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Speaker 2: Now what do we use?

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Speaker 3: Okay and Zoom stock? So on the financial side people

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Speaker 3: can benefit from it is that obviously you can buy

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Speaker 3: a stock. So like I said, that the stock one

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Speaker 3: of one hundred and sixty four percent in a few months,

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Speaker 3: which is crazy. Then they dropped after all of the

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Speaker 3: security stuff came out and dropped. So now it's at

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Speaker 3: one hundred and twenty four dollars, so still double what

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Speaker 3: it was in December, literally double from sixty two to

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Speaker 3: one hundred and twenty four. Will we bullish on the

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Speaker 3: stock or parish on the stock?

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Speaker 2: Who you're asking if we are?

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Speaker 3: Yeah, I'm asking your opinion.

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Speaker 4: I like the stock, like I said, I think the

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Speaker 4: platform is good. They have some security issues. I'm sure

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Speaker 4: they'll be competitors that are trying to compete, but that's

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Speaker 4: what everyone's using. Right you got two hundred million people

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Speaker 4: at your doing stuff right now.

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Speaker 2: I think it's a great stock.

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Speaker 4: I don't think that social distance discision is going anywhere

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Speaker 4: anytime soon.

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Speaker 2: So I think it stays around.

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Speaker 3: I'm bullet showing. I'm bullet showing Zoom. I don't know

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Speaker 3: if right now it's the best time to buy Zoom stock,

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Speaker 3: but I think over the long haul, Zoom is here

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Speaker 3: to stay. They've had security issues, but everybody's has security.

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Speaker 3: Facebook has more security issues than anybody, and everybody still

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Speaker 3: uses Instagram. A lot of people don't even know that

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Speaker 3: Facebook owns Instagram, which is mind modeling. And there's people

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Speaker 3: on Instagram that say, I don't trust Facebook. I never

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Speaker 3: opened a Facebook account and you have Instagram. Man, I'm like,

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Speaker 3: did you realize that Facebook owns Instagram's books?

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Speaker 2: So hack everybody on Instagram, same company, guys.

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Speaker 3: But it's actually a very interesting article about how Mark

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Speaker 3: Zuckerberg sage tried to sabotage Instagram because you got jealous.

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Speaker 3: That's a whole different story. Maybe we'll talk about that

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Speaker 3: on the podcast. But so yeah, I think that long

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Speaker 3: term Zoom has a lot more improvement to make. But

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Speaker 3: I think it's here to stay. Like I said, I

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Speaker 3: was using Zoom before social distancing. Now, as you said,

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Speaker 3: I don't think social distancing is going anywhere, So it'd

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Speaker 3: be interesting to see.

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Speaker 2: But there's a few other apps like that.

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Speaker 3: Have come to prominence during this time of social distancing,

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Speaker 3: and you know, it really highlights a new way of living,

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Speaker 3: like if you think about it, because it's like I

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Speaker 3: always tell people, I was telling Jamal this the other day.

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Speaker 3: Sixty day, they say, sixty days of doing anything makes

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Speaker 3: a haboc. So it's like, at first, when this whole

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Speaker 3: social distancing came about, everybody's like nah na da da da.

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Speaker 3: And then after a few weeks everybody gets used to it.

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Speaker 3: And then after two months this has become normal. So

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Speaker 3: now you see virtual happy hours, you see virtual birthday

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Speaker 3: parties one. You know, Instagram Lives is going through the roof.

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Speaker 3: Right now, you're crazy Quarantine Radio with Tory Lanes Quarantine Quarantine.

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Speaker 3: You've seen swissing in versus battles d nice Man Nice

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Speaker 3: So now every so now everybody's settling in. I say,

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Speaker 3: I to say another app that's changed in the world

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Speaker 3: right now.

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Speaker 2: House Party. House Party is crazy, house party.

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Speaker 3: Shoot. I just found out about house Party. I wasn't

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Speaker 3: evenly even aware of the situation. Somebody told me about it,

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Speaker 3: and it like download the app and then once they

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Speaker 3: told me about it. A lot of people started talking

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Speaker 3: about it about house Party.

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Speaker 2: Yes, the house Party's dope.

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Speaker 4: It's one of those interactive situations where you have video

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Speaker 4: conferencings but you can have multiple people in a lot

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Speaker 4: of people using it at first as a way to

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Speaker 4: do online gaming, right, so like if we're playing a game,

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Speaker 4: we can like Heads Up as a popular game on

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Speaker 4: that so I can do it virtually. But now it's

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Speaker 4: turned into that virtual happy hour spot where people can

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Speaker 4: talk to each other and have own separate conversations within

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Speaker 4: an app. Man So house Party is one of those

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Speaker 4: joints that if you're not up on, definitely get up

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Speaker 4: on that.

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Speaker 3: I would advise anybody in business. But I said before

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Speaker 3: Dana Shanell like she said this during her interview. If

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Speaker 3: the business doesn't have a home, it's homeless. She was

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Speaker 3: talking about apps. She's like, every business has to have

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Speaker 3: an app. So I said to say, I encourage all entrepreneurs,

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Speaker 3: all business, anybody that's interested business. If you're not online,

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Speaker 3: you don't have a business. That's my sibhilosophy. But taking

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Speaker 3: a step even further, if you don't have a way

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Speaker 3: to be engaged and interactive with customers, clients, people, other

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Speaker 3: employees virtually because we already knew this was coming. This

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Speaker 3: is this is the thing about life. Sometimes things gets accelerated.

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Speaker 3: We already knew that the world was headed towards a

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Speaker 3: virtual reality.

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Speaker 4: We spoke about it a lot, even when we talk

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Speaker 4: about brick and mortar, Like we said, Yo, listen, if

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Speaker 4: you don't have an online presence, you ain't gonna survive.

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Speaker 3: Yeah, you can't fight it. You just got to go

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Speaker 3: with it, right, So we're seeing you. If you can't

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Speaker 3: understand like this play, Like a lot of times people

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Speaker 3: get amused by what's going on, they can't actually see

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Speaker 3: what's in front of their face. So it's like four

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Speaker 3: hundred thousand people's tuned into Tory Lanes with Quarantine Radio,

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Speaker 3: and it's like it's entertaining. But if you don't see

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Speaker 3: the bigger play behind that, then you're missing it. The

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Speaker 3: bigger play is that this is a new way. This

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Speaker 3: is a new way. Like I mean as far as

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Speaker 3: like virtually the days of physical interaction, as far as

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Speaker 3: like seminars, workshops, a lot of these things might not

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Speaker 3: really fully ever.

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Speaker 4: Recome anytime that we have to interact with people in

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Speaker 4: large groups, it's going to be tough, like the trust

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Speaker 4: of society won't be there, so large events they can't

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Speaker 4: exist in the same way that.

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Speaker 2: They used to.

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Speaker 4: Tory Lanze is ill though, because, like you said, the

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Speaker 4: record on Instagram live for most people, and then the

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Speaker 4: other day he went to TikTok and he had the

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Speaker 4: most live on there too.

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Speaker 3: He's moving crazy, right, I mean, he's doing the right thing,

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Speaker 3: and like even for us, like you know, like I

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Speaker 3: was saying a couple of days ago, I'm like, we

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Speaker 3: need to have a virtual networking event for eyl real

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Speaker 3: Estate group. So that's going to happen. And it's like, okay,

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Speaker 3: cause I'm I'm seeing online where it's like these virtual

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Speaker 3: meetups and it's like sixty people online, and I'm like, okay, well,

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Speaker 3: we should have a virtual meetup, meet and greet for

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Speaker 3: our Facebook group that we just started privately Facebook group

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Speaker 3: for real estate. Get about sixty seventy people in there,

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Speaker 3: have them introduce themselves and just have a conversation. It

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Speaker 3: sounds crazy until it happens, Yes, And this is the

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Speaker 3: world that we live. And so I'm saying that pay

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Speaker 3: attention to what's going on because it's changing very quickly

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Speaker 3: and you see apps like this. TikTok definitely is another one,

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Speaker 3: another one with major security issues. TikTok is a Chinese

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Speaker 3: company and it actually they actually had a whole thing

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Speaker 3: about it on Capitol Hill where they are obligated by

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Speaker 3: the Chinese government to give the users information to Beijing

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Speaker 3: and that includes browsing history, messaging photos, all kinds of

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Speaker 3: stuff that we know about. And it's so serious that

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Speaker 3: five government agencies banned their employees from using TikTok, and

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Speaker 3: the Pentagon went so far as to tell their employees

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Speaker 3: that their children should not be using TikTok.

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Speaker 2: And that's crazy.

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Speaker 4: So like most of the world is thinking, like, yo,

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Speaker 4: how can I recreate that I'm a Savage challenge or

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Speaker 4: any of these challenges, And it's like, not, there's a

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Speaker 4: bigger play here, Like y'all got to see that.

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Speaker 3: Yeah, they're doing these things with these makeup brushes.

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Speaker 2: Oh, the rush challenge, Yeah, and.

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Speaker 3: No, it's it's it's entertaining, but I mean, just understand

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Speaker 3: what you're doing, Like you're doing these shimmy dances and

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Speaker 3: they're they're taking all your information. I mean, I don't

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Speaker 3: know what to call it like I'm from I'm from

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Speaker 3: a different era.

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Speaker 2: We you know what I'm saying.

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Speaker 3: I respect what's going on, but I'm just from a

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Speaker 3: different I'm cut from a.

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Speaker 4: Time I think people are just trying to find ways

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Speaker 4: to entertain themselves or find entertainment and you know.

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Speaker 3: But you know what, though we said this before too,

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Speaker 3: the vast majority of people, unfortunately, will come out of

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Speaker 3: this thing worse than they left then they.

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Speaker 2: Came, they went into it.

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Speaker 3: A select few will come out tremendously better. We've been saying,

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Speaker 3: the financially said, there's a lot of opportunity, and the

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Speaker 3: vast majority will not be able to see it because

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Speaker 3: they will be caught up in entertainment and survival and

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Speaker 3: a select few will make a killing.

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Speaker 2: We said that.

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Speaker 4: We actually had this conversation and we said, like, right now,

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Speaker 4: it's survival mode, but for some people to thrive the

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Speaker 4: mode we're trying to figure out, like yo, how we

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Speaker 4: how we're going to survive the drought, Like we're going

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Speaker 4: to survive the drought and do well, So like that's

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Speaker 4: the mindset that's got to be, Like, Yo, there's an

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Speaker 4: opportunity in here. Like I told people this ain't ideal

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Speaker 4: time anymore. This is idea time. So like we got

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Speaker 4: to stop thinking like yo, we have so much time

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Speaker 4: on here, as now it's time to start creating ideas

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Speaker 4: in your head and like, listen, we can thrive here.

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Speaker 4: This is an area where we can thrive. And as

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Speaker 4: you can see social media, video conferencing.

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Speaker 2: There's some space.

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Speaker 4: So like zoom has some issues, I'm sure there's somebody

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Speaker 4: right now that's trying to say, you know what, we

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Speaker 4: can make a better platform than what they have.

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Speaker 3: And now it's a good time too to reach out

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Speaker 3: to So like even with us with the podcast, and

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Speaker 3: I got this idea yesterday, it's like now because at

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Speaker 3: first I'm like, it's a couple of big name people

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Speaker 3: that I wanted to reach out to get on the podcast,

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Speaker 3: and I'm like, oh, now we gotta wait because it's

403
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Speaker 3: slow motion. But then I'm like, actually, this might be

404
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Speaker 3: a beneficial thing because now everybody's home, so they can't

405
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Speaker 3: have the excuse that they are out of town or

406
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Speaker 3: they flying on So maybe this is a good time

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00:18:00,400 --> 00:18:02,320
Speaker 3: to actually reach out to those people. And what I'm

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Speaker 3: seeing online with a lot of creatives and people in

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Speaker 3: business is that there's a lot of collaboration, a lot

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Speaker 3: of Instagram lives. We're actually doing something with Jay Morrison Saturday,

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00:18:11,200 --> 00:18:12,560
Speaker 3: shout out to him, and we're doing a live with

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Speaker 3: him tomorrow at APM Eastern time if you're listening to

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Speaker 3: this and then it comes out on Tuesday. So I

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Speaker 3: say that to say it's a lot of collaboration. Definitely

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00:18:20,240 --> 00:18:24,520
Speaker 3: that's going on, and that is something that is extremely

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Speaker 3: valuable as well, because it's like, Okay, everybody's home. People

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Speaker 3: are consuming content at unprecedented rates, especially on social media.

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Speaker 3: So now you have a platform where you have millions

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Speaker 3: of eyeballs that nobody's at work, nobody's at school, nobody's

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Speaker 3: at church, and everybody's at home. So are you going

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Speaker 3: to make the most of the opportunity, especially the I'm

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Speaker 3: talking to content creators right now, You're going to make

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Speaker 3: the most of the opportunity or are you going to

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Speaker 3: squad into the moment?

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Speaker 4: You got to make sure it's valuable too, because now

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Speaker 4: you've got to remember that for those same reasons that

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Speaker 4: everybody's watching, why are they going to watch you? So

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Speaker 4: you got to make sure that the content is valuable

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Speaker 4: and that it's worth watching. It's not just some frivolous

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00:19:02,880 --> 00:19:04,439
Speaker 4: thing that you're putting out because you all competing with

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Speaker 4: people who never went on IG live are now there

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Speaker 4: and everybody's I saw Rihanna on I Live yesterday.

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Speaker 3: Shout out to Benny Pugh. Ben We spoke a few

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Speaker 3: days ago, former president of Rock Nation, and he told

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Speaker 3: me he was like, all the everybody's doing what they

436
00:19:19,119 --> 00:19:20,160
Speaker 3: should have been doing.

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Speaker 2: A year ago, two years exactly.

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Speaker 3: Now everybody want to get on Instagram Live and build

439
00:19:23,560 --> 00:19:26,440
Speaker 3: their social media. Now everybody realized how valuable social media

440
00:19:26,600 --> 00:19:28,800
Speaker 3: that you should have been on Instagram Live, should have

441
00:19:28,840 --> 00:19:31,520
Speaker 3: been doing these youtubes. I should have been doing all

442
00:19:31,560 --> 00:19:34,560
Speaker 3: this stuff and even a lot of Instagram Like this

443
00:19:34,600 --> 00:19:36,560
Speaker 3: is a perfect time to create your own situation like

444
00:19:36,600 --> 00:19:38,520
Speaker 3: Tory Lanez and they shut him down, and it's like, okay,

445
00:19:38,600 --> 00:19:41,160
Speaker 3: now now we once again Danny Channel. She was speaking

446
00:19:41,160 --> 00:19:44,360
Speaker 3: about how much power one app has. You see that

447
00:19:44,920 --> 00:19:48,159
Speaker 3: this whole TikTok and Instagram lives is getting moved by

448
00:19:48,240 --> 00:19:52,360
Speaker 3: hip hop artists. Hip hop artists are moving these TikTok

449
00:19:52,480 --> 00:19:55,800
Speaker 3: is the biggest downloaded, number one downloaded Apple twenty nineteen.

450
00:19:55,880 --> 00:19:59,320
Speaker 3: There's more teenagers on TikTok than they are on Facebook.

451
00:19:59,440 --> 00:20:05,800
Speaker 3: Fact moved by hip hop dances and hip hop culture.

452
00:20:06,200 --> 00:20:09,399
Speaker 3: So if that doesn't show you the power and you

453
00:20:09,400 --> 00:20:11,840
Speaker 3: know what I'm saying, what these artists are actually doing,

454
00:20:12,080 --> 00:20:14,479
Speaker 3: if they don't fully understand that, it's like, why not

455
00:20:14,600 --> 00:20:16,560
Speaker 3: create your own your own I would love to see

456
00:20:16,560 --> 00:20:18,760
Speaker 3: Swiss Beats and Timbland. I don't know why they didn't

457
00:20:18,800 --> 00:20:20,200
Speaker 3: do it on their own platform.

458
00:20:20,880 --> 00:20:22,800
Speaker 4: So that's the thing, and I think maybe that's the place.

459
00:20:22,800 --> 00:20:25,120
Speaker 4: So like Versus, they keep using the hashtaging. In my mind,

460
00:20:25,119 --> 00:20:27,000
Speaker 4: I'm like, there must be a bigger platform. I think

461
00:20:27,000 --> 00:20:30,159
Speaker 4: they're building out Versus and when we come back to

462
00:20:30,200 --> 00:20:32,439
Speaker 4: a place where we can actually move around, like I

463
00:20:32,440 --> 00:20:36,480
Speaker 4: think Versus becomes a platform for just that. Right now,

464
00:20:36,480 --> 00:20:37,920
Speaker 4: they have to use Instagram and then they got to

465
00:20:37,920 --> 00:20:40,320
Speaker 4: play by Instagram rules. So like I'm watching every battle

466
00:20:40,320 --> 00:20:42,359
Speaker 4: because just as a fan of the culture, I'm super

467
00:20:42,600 --> 00:20:44,640
Speaker 4: into it. Right but then like every hour they get

468
00:20:44,680 --> 00:20:47,400
Speaker 4: cut off, we gotta come back in. Somebody's WiFi is bad,

469
00:20:47,480 --> 00:20:49,880
Speaker 4: we gotta cut back in. It's like they played by

470
00:20:49,880 --> 00:20:50,639
Speaker 4: Instagram rules.

471
00:20:52,320 --> 00:20:54,840
Speaker 3: Shout out to Swiss beach Man, we gotta get him on.

472
00:20:54,880 --> 00:20:56,960
Speaker 2: And Timbo and Timbo don't leave Timbo out.

473
00:20:57,000 --> 00:21:00,159
Speaker 3: Timbo to King, all right, we got we gotta go

474
00:21:00,200 --> 00:21:02,560
Speaker 3: to this before we run out of town. Distance learning

475
00:21:03,160 --> 00:21:05,560
Speaker 3: something that's near and dear to your heart. And also

476
00:21:05,680 --> 00:21:10,479
Speaker 3: this all relates to video conferencing. Distance learning is something

477
00:21:10,520 --> 00:21:13,359
Speaker 3: that is crazy because this is something that nobody ever

478
00:21:13,400 --> 00:21:15,359
Speaker 3: thought would happen. Nobody ever thought that school would be

479
00:21:15,400 --> 00:21:18,160
Speaker 3: completely shut down, like if anything, that's like a safe

480
00:21:18,160 --> 00:21:20,560
Speaker 3: haven where it's like, if all else fails, we go

481
00:21:20,600 --> 00:21:22,760
Speaker 3: to school, right, And it's like, now, this is like

482
00:21:22,840 --> 00:21:25,520
Speaker 3: New York City just announced that school's gonna be done

483
00:21:25,560 --> 00:21:28,600
Speaker 3: for the rest of the academic year, come back in September.

484
00:21:28,680 --> 00:21:31,560
Speaker 3: Me personally, maybe me personally, I don't think it's going

485
00:21:31,640 --> 00:21:34,479
Speaker 3: to start until twenty twenty one, possibly twenty twenty two.

486
00:21:34,600 --> 00:21:37,119
Speaker 3: People think I'm crazy with the twenty twenty two, but

487
00:21:37,200 --> 00:21:39,320
Speaker 3: this is this is my theory with twenty twenty two,

488
00:21:39,359 --> 00:21:42,440
Speaker 3: because they say, okay, social distance and the only reason

489
00:21:42,440 --> 00:21:45,120
Speaker 3: why this thing is starting to go down the corona

490
00:21:45,359 --> 00:21:48,160
Speaker 3: is that people have been inheriting in social just there's

491
00:21:48,200 --> 00:21:50,760
Speaker 3: no cure for it. It's not going anywhere. And then

492
00:21:50,800 --> 00:21:52,640
Speaker 3: they say that it's going to start to become seasonal,

493
00:21:52,840 --> 00:21:54,560
Speaker 3: so to probably die down and someone will come back

494
00:21:54,600 --> 00:21:56,680
Speaker 3: up in the winter. So it's like, all right, there's

495
00:21:56,680 --> 00:21:59,320
Speaker 3: no cure for it, right, the only way that you

496
00:21:59,359 --> 00:22:03,399
Speaker 3: can really maintain it is to have social distancing. So

497
00:22:03,600 --> 00:22:07,920
Speaker 3: until there's a cure, if we break social distancing, it's

498
00:22:07,960 --> 00:22:09,160
Speaker 3: going to flare back up again.

499
00:22:09,560 --> 00:22:11,520
Speaker 4: So I think what they're saying now is like the

500
00:22:11,600 --> 00:22:14,720
Speaker 4: faster they can get tests that will determine if somebody

501
00:22:14,760 --> 00:22:16,919
Speaker 4: has it or not. If they can multiply that and

502
00:22:16,960 --> 00:22:19,880
Speaker 4: a mass way, then they can start having people open

503
00:22:20,000 --> 00:22:20,560
Speaker 4: up some things.

504
00:22:20,760 --> 00:22:25,640
Speaker 3: So hopefully they said a vaccine twelve to eighteen months,

505
00:22:25,960 --> 00:22:28,440
Speaker 3: eighteen months away from that, so's if the vaccine is

506
00:22:28,480 --> 00:22:31,840
Speaker 3: eighteen months away, that's the end of twenty twenty one,

507
00:22:31,960 --> 00:22:33,080
Speaker 3: beginning of twenty twenty two.

508
00:22:33,200 --> 00:22:35,399
Speaker 4: But that's why the testing becomes even more important. So

509
00:22:35,440 --> 00:22:37,040
Speaker 4: like if I could, if I know, like we saw

510
00:22:37,040 --> 00:22:39,280
Speaker 4: in China, right, they have these thermal scanners, like when

511
00:22:39,320 --> 00:22:41,520
Speaker 4: you walk in a building, like wait, his temperature is

512
00:22:41,520 --> 00:22:43,720
Speaker 4: too high, Sir, we can't allow you in the building,

513
00:22:43,920 --> 00:22:45,439
Speaker 4: or sir, we can't allow you on the bus. Like

514
00:22:45,440 --> 00:22:48,439
Speaker 4: if they can get testing at that rate, then you

515
00:22:48,480 --> 00:22:50,720
Speaker 4: can slowly and I don't think it'll be full blown

516
00:22:50,800 --> 00:22:52,919
Speaker 4: like everybody's back outside, but you can slowly let some

517
00:22:52,920 --> 00:22:53,640
Speaker 4: people outside.

518
00:22:53,720 --> 00:22:56,480
Speaker 3: Yeah, and well there's another issue because a lot of

519
00:22:56,520 --> 00:23:00,360
Speaker 3: people are asymptomatic, so they don't even test, they don't

520
00:23:00,400 --> 00:23:04,280
Speaker 3: have a temperature, but their carriers. It's like ghostbusters, Like

521
00:23:04,280 --> 00:23:08,040
Speaker 3: you're fighting a situation that you can't see, you can't

522
00:23:08,080 --> 00:23:10,400
Speaker 3: determine who has it. So I say that to say,

523
00:23:11,240 --> 00:23:16,280
Speaker 3: social distancing and distance learning might be here to stay,

524
00:23:16,680 --> 00:23:19,040
Speaker 3: and especially if it starts to go pretty decent, it's

525
00:23:19,080 --> 00:23:20,879
Speaker 3: like what's the point of going back to school? But

526
00:23:20,920 --> 00:23:24,080
Speaker 3: not as issues right because it's like from a financial standpoint,

527
00:23:24,880 --> 00:23:28,480
Speaker 3: because this is a business podcast, a lot of parents

528
00:23:28,680 --> 00:23:31,960
Speaker 3: pay a lot of money for daycare. Nobody's talking about that.

529
00:23:32,119 --> 00:23:36,560
Speaker 3: The daycare industry. The daycare industry is in trouble, guys.

530
00:23:36,960 --> 00:23:39,440
Speaker 3: Those daycares cost a lot of money. I think when

531
00:23:39,600 --> 00:23:41,440
Speaker 3: my son was in daycares, paying like a thousand dollars

532
00:23:41,440 --> 00:23:41,720
Speaker 3: a month.

533
00:23:41,800 --> 00:23:45,120
Speaker 4: I had so we had our kids around the same age,

534
00:23:45,160 --> 00:23:47,680
Speaker 4: man we had and I was with you man, fifteen

535
00:23:47,760 --> 00:23:48,960
Speaker 4: hundred in the summer.

536
00:23:49,000 --> 00:23:49,640
Speaker 2: They raise a price.

537
00:23:49,680 --> 00:23:51,800
Speaker 4: It was fifteen hundred a month for a kid. I'm

538
00:23:51,840 --> 00:23:53,840
Speaker 4: like Yo, this is this is like college tuition.

539
00:23:54,080 --> 00:23:57,080
Speaker 3: Yeah, a three year old, Yeah, to just do nothing.

540
00:23:58,040 --> 00:24:01,520
Speaker 4: Let's not there, you always do that. Not the educators

541
00:24:01,520 --> 00:24:02,920
Speaker 4: that are in these places.

542
00:24:02,720 --> 00:24:04,200
Speaker 2: Right, not a shout out to them, but I mean

543
00:24:04,240 --> 00:24:05,280
Speaker 2: it's just it is what it is.

544
00:24:05,359 --> 00:24:08,600
Speaker 3: So now so now you got daycare, which is a

545
00:24:08,720 --> 00:24:12,560
Speaker 3: booming business, and so it's a necessary business because parents

546
00:24:12,560 --> 00:24:13,720
Speaker 3: have to go to work. That's the whole point of

547
00:24:13,720 --> 00:24:15,480
Speaker 3: having a daycare, right, parents have to go to work.

548
00:24:16,240 --> 00:24:19,959
Speaker 3: But now it's like if parents don't go to work

549
00:24:20,000 --> 00:24:21,880
Speaker 3: any because like, the school system is one thing. School

550
00:24:21,920 --> 00:24:24,000
Speaker 3: system is funded. It's a public they're public school.

551
00:24:24,000 --> 00:24:24,320
Speaker 2: Schools.

552
00:24:24,680 --> 00:24:26,639
Speaker 3: Private school are different. But we'll talk about public schools.

553
00:24:26,720 --> 00:24:28,560
Speaker 3: That's one thing because they're not gonna get shut down

554
00:24:28,560 --> 00:24:32,480
Speaker 3: because they're publicly funded. But you got these daycares which

555
00:24:32,560 --> 00:24:36,520
Speaker 3: are not publicly funded for the most part, and they're

556
00:24:36,760 --> 00:24:39,600
Speaker 3: tuition based. So now they don't have any money. So

557
00:24:39,640 --> 00:24:42,119
Speaker 3: now they're they're going to need to bail out. So

558
00:24:42,119 --> 00:24:44,040
Speaker 3: what a lot of them are doing is they're still billing.

559
00:24:44,080 --> 00:24:48,080
Speaker 3: They're still billing parents, they're not refunding any money, and

560
00:24:48,119 --> 00:24:52,040
Speaker 3: they're doing distance learning with kids in daycare. So the

561
00:24:52,119 --> 00:24:55,879
Speaker 3: parents is like, Okay, well why am I paying for

562
00:24:56,200 --> 00:24:59,440
Speaker 3: video conferences with my three year old when I still

563
00:24:59,440 --> 00:25:01,080
Speaker 3: got to work because a lot of people are still working.

564
00:25:01,359 --> 00:25:03,359
Speaker 4: Just think about the concert you just said, right, we're

565
00:25:03,359 --> 00:25:04,959
Speaker 4: doing a video conference with a three year old.

566
00:25:05,040 --> 00:25:06,160
Speaker 2: Number one, what.

567
00:25:06,320 --> 00:25:09,080
Speaker 4: Three year old even knows how to get on a

568
00:25:09,200 --> 00:25:10,480
Speaker 4: video conference platform?

569
00:25:10,520 --> 00:25:12,880
Speaker 2: So like that, it's a parents job now exactly.

570
00:25:12,920 --> 00:25:15,440
Speaker 3: But now so now the parents is like, like I said,

571
00:25:15,440 --> 00:25:17,159
Speaker 3: a lot of people unfortunately are out of work, but

572
00:25:17,640 --> 00:25:20,560
Speaker 3: a lot of people still are actually working from home.

573
00:25:21,000 --> 00:25:24,240
Speaker 3: So now you're trying to work from home and you're

574
00:25:24,520 --> 00:25:27,440
Speaker 3: trying to manage your three year old and you still

575
00:25:27,480 --> 00:25:29,879
Speaker 3: have to pay. You're still paying one thousand dollars a

576
00:25:29,920 --> 00:25:33,080
Speaker 3: month for your daycare because they didn't they didn't refund

577
00:25:33,119 --> 00:25:34,920
Speaker 3: you at least if you're paying like the whole year,

578
00:25:34,960 --> 00:25:36,639
Speaker 3: if you paid a couple months in advance, they they

579
00:25:36,680 --> 00:25:40,560
Speaker 3: haven't refunded you your money. So this is a whole

580
00:25:40,600 --> 00:25:44,320
Speaker 3: industry that might go under because there's a like Matt said,

581
00:25:44,359 --> 00:25:47,760
Speaker 3: commercial real estates on the clock. These are commercial real

582
00:25:47,880 --> 00:25:52,000
Speaker 3: estate properties. They're in commercial real estate buildings. Now their

583
00:25:52,040 --> 00:25:55,600
Speaker 3: rent might be twelve thousand dollars a month, ten thousand

584
00:25:55,600 --> 00:25:58,960
Speaker 3: dollars a month for rent and they have no income

585
00:25:59,000 --> 00:26:01,000
Speaker 3: that comes in for five months.

586
00:26:01,080 --> 00:26:01,639
Speaker 2: Let's save this.

587
00:26:02,280 --> 00:26:06,320
Speaker 3: So now that's fifty thousand dollars that they have they're

588
00:26:06,359 --> 00:26:06,879
Speaker 3: backed up on.

589
00:26:07,119 --> 00:26:07,920
Speaker 2: You know what I mean. That's it.

590
00:26:08,359 --> 00:26:11,320
Speaker 3: Every day care in America could shut their doors by

591
00:26:11,359 --> 00:26:13,080
Speaker 3: the time it opens back.

592
00:26:12,960 --> 00:26:14,320
Speaker 4: Up, and by the time it open backs up and

593
00:26:14,320 --> 00:26:16,120
Speaker 4: there's no where to put the kids, then what right,

594
00:26:16,200 --> 00:26:17,160
Speaker 4: it's a big it's a.

595
00:26:17,800 --> 00:26:20,560
Speaker 3: It's a effect that everybody. I don't think people understand.

596
00:26:20,640 --> 00:26:23,159
Speaker 3: It's like so many different areas that's getting effective by this.

597
00:26:23,280 --> 00:26:25,520
Speaker 4: Yeah, man, especially like you said that the distance learning

598
00:26:25,520 --> 00:26:28,680
Speaker 4: pieces is so key because number one, yeah, you are working,

599
00:26:28,720 --> 00:26:30,440
Speaker 4: but you are trying to teach your kids. So like

600
00:26:30,800 --> 00:26:32,520
Speaker 4: the number one thing, like I have to I have

601
00:26:32,560 --> 00:26:34,520
Speaker 4: two kids, So it was like the best thing I

602
00:26:34,520 --> 00:26:36,600
Speaker 4: could have ever done was made a schedule just so

603
00:26:36,640 --> 00:26:39,080
Speaker 4: we have some structure, right, So like creating a schedule

604
00:26:39,119 --> 00:26:40,760
Speaker 4: where they come in every morning, they know what they

605
00:26:40,760 --> 00:26:44,800
Speaker 4: have to do, they have their technology. I can sit

606
00:26:44,840 --> 00:26:46,959
Speaker 4: down and assiste my son who's in kindergarten, and then

607
00:26:47,000 --> 00:26:48,560
Speaker 4: I can go check out my daughters in third grade.

608
00:26:48,560 --> 00:26:50,879
Speaker 4: Even though my wife is home, she is working like

609
00:26:51,000 --> 00:26:52,760
Speaker 4: all day and it's like, yo, I can't. I can't

610
00:26:52,760 --> 00:26:55,600
Speaker 4: help you right now. So yeah, it's one thing to

611
00:26:55,720 --> 00:26:58,600
Speaker 4: have like people not in school, but like yo, the

612
00:26:58,640 --> 00:26:59,439
Speaker 4: work never stops.

613
00:26:59,440 --> 00:27:00,160
Speaker 2: It doesn't stop.

614
00:27:00,240 --> 00:27:02,080
Speaker 4: And so like if you if I wasn't a parent

615
00:27:02,119 --> 00:27:04,159
Speaker 4: who was in education, I couldn't even imagine, like how

616
00:27:04,200 --> 00:27:05,200
Speaker 4: am I going to help my kids?

617
00:27:05,720 --> 00:27:06,439
Speaker 2: That's what and that's what.

618
00:27:06,560 --> 00:27:08,439
Speaker 4: That's just one part right, Like, and I had this

619
00:27:08,480 --> 00:27:11,560
Speaker 4: conversation earlier. It was like I'm blessed to have the

620
00:27:11,640 --> 00:27:14,280
Speaker 4: technology with this. Families who don't have technology, you know

621
00:27:14,320 --> 00:27:16,040
Speaker 4: what I'm saying. So like this is learning is cool

622
00:27:16,040 --> 00:27:18,960
Speaker 4: if you have the technology to do it. There are

623
00:27:19,080 --> 00:27:22,160
Speaker 4: so many families in so many communities that don't have

624
00:27:22,200 --> 00:27:25,159
Speaker 4: the technology, so then they're just forgotten about. Right, So

625
00:27:25,240 --> 00:27:27,960
Speaker 4: now it's not even a situation of like yo, they're

626
00:27:28,040 --> 00:27:28,560
Speaker 4: learning or not.

627
00:27:28,640 --> 00:27:30,119
Speaker 2: This is like a have or have not.

628
00:27:30,359 --> 00:27:35,320
Speaker 4: We don't even have the socioeconomic resources to even distance learn.

629
00:27:35,520 --> 00:27:38,160
Speaker 4: So now that's like a forgotten population in a sense

630
00:27:38,400 --> 00:27:39,040
Speaker 4: because like how do.

631
00:27:39,040 --> 00:27:41,120
Speaker 2: They learn now? Like people were like, oh, we could

632
00:27:41,119 --> 00:27:41,800
Speaker 2: print out packets.

633
00:27:41,840 --> 00:27:43,800
Speaker 4: I'm like yeah, but then who goes against the package

634
00:27:43,880 --> 00:27:45,440
Speaker 4: and who turns them in and how do they get

635
00:27:45,440 --> 00:27:47,320
Speaker 4: to the person who's going to assess it. It's like

636
00:27:47,359 --> 00:27:50,159
Speaker 4: a whole like dominoal of things in education. It's just

637
00:27:50,240 --> 00:27:52,000
Speaker 4: like like this is real.

638
00:27:52,160 --> 00:27:55,360
Speaker 3: Yeah. And then also it's like a lot of kids

639
00:27:55,520 --> 00:27:58,639
Speaker 3: in school is more than just learning. Learning is not

640
00:27:58,720 --> 00:28:02,360
Speaker 3: even not even nothing when it comes to it. It's

641
00:28:02,359 --> 00:28:04,680
Speaker 3: like when I was watching Loupe Fiasco a few years

642
00:28:04,720 --> 00:28:06,879
Speaker 3: ago and he was like he was he was he

643
00:28:07,000 --> 00:28:11,119
Speaker 3: was speaking to a school in Chicago, and you know,

644
00:28:11,200 --> 00:28:14,080
Speaker 3: he was talking to the principal, and you know, he

645
00:28:14,200 --> 00:28:16,320
Speaker 3: was saying, the principal told him that, you know, the

646
00:28:16,400 --> 00:28:19,520
Speaker 3: majority of the kids only come.

647
00:28:19,400 --> 00:28:24,080
Speaker 2: To school to eat. Mm hmm. That's that's just the reality.

648
00:28:24,359 --> 00:28:26,199
Speaker 3: It's like it's like a lot of a lot of

649
00:28:26,280 --> 00:28:27,480
Speaker 3: kids go to school to eat.

650
00:28:27,600 --> 00:28:27,800
Speaker 2: Yeah.

651
00:28:27,880 --> 00:28:30,280
Speaker 4: And so the public schools, and in this area in

652
00:28:30,320 --> 00:28:32,560
Speaker 4: New York, the epicenter pretty much of the world at

653
00:28:32,560 --> 00:28:35,240
Speaker 4: this point, they still have the schools are still open

654
00:28:35,440 --> 00:28:37,439
Speaker 4: for just that. So like they do provide meals. But

655
00:28:37,480 --> 00:28:39,320
Speaker 4: then but again you have to go out.

656
00:28:39,360 --> 00:28:41,480
Speaker 3: But the problem isn't like people where it's not from

657
00:28:41,480 --> 00:28:43,800
Speaker 3: New York and made you know, most everywhere else in

658
00:28:43,800 --> 00:28:45,600
Speaker 3: the country, you go to school on the school bus.

659
00:28:45,800 --> 00:28:47,400
Speaker 3: If you if you're in New York City, go to

660
00:28:47,560 --> 00:28:50,800
Speaker 3: you go to school, you go to high school, middle school, elementary,

661
00:28:50,840 --> 00:28:54,280
Speaker 3: elementary school on the subway or the bus or the bus.

662
00:28:54,320 --> 00:28:56,480
Speaker 3: Subway or the bus. A lot of kids take the subway.

663
00:28:57,040 --> 00:29:00,880
Speaker 3: So that's now, that's really that's a difference. Now you're

664
00:29:00,920 --> 00:29:05,000
Speaker 3: going into social distancing. You got a hundred people packed

665
00:29:05,040 --> 00:29:07,360
Speaker 3: in a subway car because essential workers are still going

666
00:29:07,360 --> 00:29:10,719
Speaker 3: to work. So as far as just from a health standpoint,

667
00:29:10,920 --> 00:29:16,000
Speaker 3: you're literally sacrificing your life to eat. That's the reality.

668
00:29:16,080 --> 00:29:17,760
Speaker 4: Yeah, because and that's another thing, like people got to

669
00:29:17,840 --> 00:29:19,800
Speaker 4: understand the dynamics of how New York City is. It's

670
00:29:19,880 --> 00:29:23,120
Speaker 4: like you don't just go to school down the street

671
00:29:23,160 --> 00:29:25,000
Speaker 4: from your house, like some kids have to get on

672
00:29:25,040 --> 00:29:26,760
Speaker 4: two trains just to get to school. You know what

673
00:29:26,760 --> 00:29:28,960
Speaker 4: I'm saying. That might be on another side of the

674
00:29:29,040 --> 00:29:31,480
Speaker 4: county that you're in. So like that's a whole other thing, right,

675
00:29:31,520 --> 00:29:35,360
Speaker 4: And as soon as people go back whatever, you are

676
00:29:35,520 --> 00:29:37,880
Speaker 4: victim to anything that happens in these environments. So like

677
00:29:37,960 --> 00:29:40,880
Speaker 4: I've seen things like I remember taking buses like to

678
00:29:40,920 --> 00:29:44,200
Speaker 4: basketball games on the train and it was just like yo, whatever,

679
00:29:44,200 --> 00:29:46,800
Speaker 4: happens on that bus I'm responsible for and I have

680
00:29:46,880 --> 00:29:49,840
Speaker 4: fifteen kids with me, Like, people don't think about those factors. Like,

681
00:29:49,840 --> 00:29:51,840
Speaker 4: so if something happens on that bus, somebody get shot, stabbed,

682
00:29:51,920 --> 00:29:54,320
Speaker 4: there's a fight, we're all part of it now. And

683
00:29:54,360 --> 00:29:56,560
Speaker 4: like those are factors that we didn't have to, like

684
00:29:56,680 --> 00:29:58,760
Speaker 4: have to worry about going to school, but these kids do.

685
00:29:59,400 --> 00:30:02,960
Speaker 3: Yeah, So I mean it's a lot, man, it's a

686
00:30:03,000 --> 00:30:06,280
Speaker 3: lot to unpack there with the distance learning. But I

687
00:30:06,320 --> 00:30:09,760
Speaker 3: think that from a business standpoint, it's gonna it's gonna

688
00:30:09,760 --> 00:30:12,320
Speaker 3: have ripple effects because like the longer you keep kids

689
00:30:12,360 --> 00:30:17,040
Speaker 3: out of school, now parents can't effectively work. So now

690
00:30:17,160 --> 00:30:19,840
Speaker 3: there's no really hope of them getting back into the workforce.

691
00:30:19,880 --> 00:30:24,440
Speaker 3: The average person can't, you know, doesn't have a job

692
00:30:24,760 --> 00:30:26,920
Speaker 3: where they can just take months off at a time.

693
00:30:26,960 --> 00:30:30,320
Speaker 3: So let's say that hypothetically their job opens back up

694
00:30:30,360 --> 00:30:32,040
Speaker 3: and they can they can go to work, but their

695
00:30:32,160 --> 00:30:35,240
Speaker 3: kid is home. What do you do. You either leave

696
00:30:35,280 --> 00:30:37,800
Speaker 3: your kid by itself or you're not working.

697
00:30:38,160 --> 00:30:39,080
Speaker 2: That's a fact, you know.

698
00:30:39,200 --> 00:30:41,800
Speaker 4: And another part of this is, in my petition, is

699
00:30:41,800 --> 00:30:44,640
Speaker 4: there's going to be education reform, right because like what

700
00:30:44,800 --> 00:30:47,360
Speaker 4: is happening throughout the So the SAT gets canceled and

701
00:30:47,480 --> 00:30:50,480
Speaker 4: the ACT gets canceled. All these standardized tests that people

702
00:30:50,600 --> 00:30:53,240
Speaker 4: realize like, yo, we don't even need that to graduate anymore.

703
00:30:53,280 --> 00:30:55,480
Speaker 4: Like that changes it from a business standpoint, like these

704
00:30:55,480 --> 00:30:58,120
Speaker 4: companies are being millions and billions of dollars to have

705
00:30:58,200 --> 00:31:00,520
Speaker 4: their tests given to states, and now it's like, wait,

706
00:31:01,040 --> 00:31:04,320
Speaker 4: we didn't really need that, So that changes I think

707
00:31:04,360 --> 00:31:07,320
Speaker 4: going forward. And as far as distance learning, another part

708
00:31:07,320 --> 00:31:09,920
Speaker 4: of it is how much of it is are we

709
00:31:09,960 --> 00:31:10,640
Speaker 4: really assessing?

710
00:31:10,760 --> 00:31:11,600
Speaker 2: It's like, if we're.

711
00:31:11,440 --> 00:31:14,200
Speaker 4: Not going to be able to check the work, how

712
00:31:14,760 --> 00:31:16,320
Speaker 4: what is the level of work we should be given?

713
00:31:16,480 --> 00:31:19,040
Speaker 4: And then who's creating the rigor like how difficult the

714
00:31:19,080 --> 00:31:22,320
Speaker 4: work is. I think education reform is the next wave

715
00:31:22,520 --> 00:31:23,560
Speaker 4: that comes out.

716
00:31:23,320 --> 00:31:23,760
Speaker 2: Out of this.

717
00:31:24,880 --> 00:31:29,160
Speaker 3: Well we'll see all my teachers stay strong, yeah, yeah,

718
00:31:29,320 --> 00:31:31,520
Speaker 3: stay strong and staying couraged real quick.

719
00:31:31,520 --> 00:31:31,600
Speaker 2: This.

720
00:31:31,640 --> 00:31:33,480
Speaker 4: So the platform we didn't talk about the platforms that

721
00:31:33,480 --> 00:31:36,040
Speaker 4: teachers can use. So Skype is a platform that New

722
00:31:36,120 --> 00:31:38,640
Speaker 4: York City is looking into. Also Google Classroom and there

723
00:31:38,680 --> 00:31:41,600
Speaker 4: is Google Hangout. So Google Hangout is very similar to

724
00:31:41,680 --> 00:31:44,880
Speaker 4: like Zoom where it's inside the Google platform, So there's

725
00:31:44,920 --> 00:31:47,480
Speaker 4: not those same type of security, medicine. Those are platforms

726
00:31:47,520 --> 00:31:50,320
Speaker 4: that educators are using right now. We personally use in

727
00:31:50,360 --> 00:31:53,160
Speaker 4: my district Google Classroom and it works pretty well.

728
00:31:53,600 --> 00:31:54,200
Speaker 2: There you have it.

729
00:31:54,320 --> 00:31:56,400
Speaker 3: So in the next segment, we're going to talk about

730
00:31:56,800 --> 00:32:00,400
Speaker 3: the unemployment, not just the unemployment, you know, bad news,

731
00:32:00,400 --> 00:32:02,400
Speaker 3: but we're gonna talk about different things that people have

732
00:32:02,480 --> 00:32:05,440
Speaker 3: available to them and different options if you do lose

733
00:32:05,480 --> 00:32:07,959
Speaker 3: your job or if you're in uh, lose your job

734
00:32:08,000 --> 00:32:10,720
Speaker 3: in the future. Financially, it's a whole different ball game

735
00:32:10,760 --> 00:32:12,640
Speaker 3: that you have to think about. So we're gonna go

736
00:32:12,680 --> 00:32:15,360
Speaker 3: into that next. All right, So in this topic, we're

737
00:32:15,400 --> 00:32:17,920
Speaker 3: going to talk about something that's extremely, extremely so everything

738
00:32:17,920 --> 00:32:19,440
Speaker 3: we talked about seriously serious times.

739
00:32:19,520 --> 00:32:21,080
Speaker 2: Right then, what this is?

740
00:32:21,160 --> 00:32:23,840
Speaker 3: This is an economic title wave. Like it's one thing,

741
00:32:23,920 --> 00:32:26,800
Speaker 3: the health issue is crazy. The financial issue might even

742
00:32:26,840 --> 00:32:31,520
Speaker 3: be more dangerous because that's going to hurt people that's

743
00:32:31,520 --> 00:32:33,600
Speaker 3: not affected by it, Like you know what I mean,

744
00:32:33,640 --> 00:32:34,760
Speaker 3: if you think about it, it's like.

745
00:32:36,400 --> 00:32:38,640
Speaker 4: This episode is brought to you by P and C Bank.

746
00:32:39,040 --> 00:32:41,800
Speaker 4: A lot of people think podcasts about work are boring,

747
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Speaker 4: and sure they definitely can be, but understanding of professionals

748
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Speaker 4: routine shows us how they achieve their success little by little,

749
00:32:49,560 --> 00:32:53,240
Speaker 4: day after day. It's like banking with P and C Bank.

750
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Speaker 4: It might seem boring to save, plan and make calculated

751
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Speaker 4: decisions with your bank, but keeping your money boring is

752
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Speaker 4: what hell you live or more happily fulfilled life. P

753
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Speaker 4: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly

754
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755
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Speaker 4: the PNC Financial Service Group, Inc. P and C Bank

756
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Speaker 4: National Association member fdic.

757
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Speaker 2: Erners What's Up?

758
00:33:20,360 --> 00:33:22,840
Speaker 4: You ever walk into a small business and everything just

759
00:33:23,000 --> 00:33:26,200
Speaker 4: works like the checkout is fast, the receipts are digital,

760
00:33:26,720 --> 00:33:29,680
Speaker 4: tipping is a breeze, and you're out the door before

761
00:33:29,680 --> 00:33:33,840
Speaker 4: the line even builds odds are they're using Square. We

762
00:33:34,000 --> 00:33:36,560
Speaker 4: love supporting businesses that run on Square because it just

763
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Speaker 4: feels seamless.

764
00:33:37,520 --> 00:33:39,240
Speaker 2: Whether it's a local coffee.

765
00:33:38,840 --> 00:33:41,640
Speaker 4: Shop, a vendor at a pop up market, or even

766
00:33:41,680 --> 00:33:44,680
Speaker 4: one of our merch partners. Square makes it easy for

767
00:33:44,760 --> 00:33:48,240
Speaker 4: them to take payments, manage inventory, and run their business

768
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Speaker 4: with confidence, all from one simple system. If you're a

769
00:33:51,960 --> 00:33:55,120
Speaker 4: business owner or even just thinking about launching something soon,

770
00:33:55,480 --> 00:33:58,080
Speaker 4: Square is hands down one of the best tools out

771
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772
00:34:01,480 --> 00:34:04,680
Speaker 4: just about payments, it's about giving you time back so

773
00:34:04,720 --> 00:34:07,400
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774
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775
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776
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777
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Speaker 4: Square handle the back end so you can keep pushing

778
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Speaker 4: your vision forward.

779
00:34:26,800 --> 00:34:28,920
Speaker 5: Buying a car and Carvana was so easy. I was

780
00:34:28,960 --> 00:34:31,200
Speaker 5: able to finance it through them. I just, oh, wait,

781
00:34:31,280 --> 00:34:34,400
Speaker 5: you mean finance. Yeah, finance, got pre qualified for a

782
00:34:34,440 --> 00:34:37,040
Speaker 5: Carvana Auto loan, entered my terms, and shot from thousands

783
00:34:37,080 --> 00:34:39,279
Speaker 5: of great car options, always in my budget. That's cool.

784
00:34:39,360 --> 00:34:43,080
Speaker 5: But financing through Carvana was so easy. Financed, done, and

785
00:34:43,120 --> 00:34:44,760
Speaker 5: I get to pick up my car from their Carvana

786
00:34:44,840 --> 00:34:46,760
Speaker 5: venue machine tomorrow by financed.

787
00:34:46,920 --> 00:34:47,759
Speaker 6: Right, That's what I said.

788
00:34:47,840 --> 00:34:50,320
Speaker 5: You can spend time trying to pronounce financing, or you

789
00:34:50,360 --> 00:34:53,600
Speaker 5: can actually finance and buy your car today on on

790
00:34:53,760 --> 00:34:56,280
Speaker 5: a financing subject to credit approval. Additional terms and conditions

791
00:34:56,280 --> 00:34:56,640
Speaker 5: may apply.

792
00:34:56,920 --> 00:34:59,200
Speaker 3: They say, Okay, let's say the vast majority of the

793
00:34:59,239 --> 00:35:04,359
Speaker 3: population and have this virus yet, but a large portion

794
00:35:04,960 --> 00:35:09,720
Speaker 3: could be financially crippled by like one percent of the population.

795
00:35:09,800 --> 00:35:12,160
Speaker 3: If they have, it could affect forty percent of the population.

796
00:35:12,560 --> 00:35:15,520
Speaker 3: So the unemployment numbers right now is crazy due to

797
00:35:15,520 --> 00:35:19,719
Speaker 3: the group seventeen million unemployed within the last three weeks,

798
00:35:19,760 --> 00:35:22,319
Speaker 3: which is eleven percent unemployments up to eleven percent right now.

799
00:35:22,360 --> 00:35:24,719
Speaker 3: They said that the real unemployment is probably in the teens.

800
00:35:25,120 --> 00:35:30,920
Speaker 3: But the Saint Louis FED just released a report a

801
00:35:30,960 --> 00:35:36,080
Speaker 3: few days ago where they said their projections that unemployment

802
00:35:36,080 --> 00:35:40,840
Speaker 3: can get up to forty seven million people unemployed. Sixty

803
00:35:40,920 --> 00:35:44,880
Speaker 3: seven million people are currently at risk of losing their

804
00:35:44,960 --> 00:35:46,759
Speaker 3: job by there in the industry. That's a high risk

805
00:35:46,760 --> 00:35:48,719
Speaker 3: of losing their job. And if the sort of the

806
00:35:48,760 --> 00:35:52,320
Speaker 3: forty seven million number is actually reached, that equals thirty

807
00:35:52,360 --> 00:35:57,200
Speaker 3: two percent unemployment. That's unhistoric. Just to kind of put

808
00:35:57,200 --> 00:36:01,080
Speaker 3: things in perspective, the Great Depression playing was around twenty

809
00:36:01,080 --> 00:36:04,560
Speaker 3: three percent. So we look worst case in their hopefully.

810
00:36:04,280 --> 00:36:06,480
Speaker 2: Doesn't for long duration, right like two or three years.

811
00:36:06,600 --> 00:36:08,719
Speaker 3: Yeah, the worst case, and the thing with this is

812
00:36:08,719 --> 00:36:10,640
Speaker 3: that it just happened so quick, within a couple of weeks.

813
00:36:10,719 --> 00:36:11,200
Speaker 2: That's crazy.

814
00:36:11,239 --> 00:36:14,280
Speaker 3: So worst case scenario, thirty two percent of the population

815
00:36:14,400 --> 00:36:17,160
Speaker 3: will be unemployed. So with that, it's a lot of

816
00:36:17,200 --> 00:36:19,279
Speaker 3: things that come into play when you lose your job. Right,

817
00:36:20,000 --> 00:36:21,480
Speaker 3: So we're going to talk about a couple of different

818
00:36:21,520 --> 00:36:24,000
Speaker 3: things that if somebody has lost their job, somebody knows

819
00:36:24,000 --> 00:36:26,160
Speaker 3: somebody that has lost their job, somebody's spouse has lost

820
00:36:26,239 --> 00:36:28,560
Speaker 3: their job, somebody that might lose their job in the future.

821
00:36:28,920 --> 00:36:30,719
Speaker 3: These are all important things because it's like, you never

822
00:36:30,760 --> 00:36:32,400
Speaker 3: think you can lose your job until it happens.

823
00:36:32,480 --> 00:36:32,640
Speaker 2: Right.

824
00:36:32,719 --> 00:36:35,480
Speaker 4: Nobody prepared for this, right, well, nobody was aware that

825
00:36:35,520 --> 00:36:37,600
Speaker 4: this was going to happen. Some people have prepared, but

826
00:36:37,640 --> 00:36:40,040
Speaker 4: nobody specs like, Yo, I'm working in March tenth and

827
00:36:40,320 --> 00:36:41,960
Speaker 4: March seventeenth, I'm no longer have a job.

828
00:36:42,120 --> 00:36:42,480
Speaker 2: Yeah.

829
00:36:42,520 --> 00:36:44,640
Speaker 3: So the first thing we're talking about is retirement benefits.

830
00:36:44,840 --> 00:36:47,880
Speaker 3: And we talked about this before retirement plans, but so

831
00:36:48,480 --> 00:36:51,840
Speaker 3: the government the Cares Act, that is the stimulus package,

832
00:36:52,800 --> 00:36:56,120
Speaker 3: they changed the laws for retirement plans for this year.

833
00:36:56,160 --> 00:36:57,719
Speaker 3: A couple of things that people should be aware of.

834
00:36:58,040 --> 00:36:59,960
Speaker 3: So if you have a fall one K plan or

835
00:37:00,000 --> 00:37:02,759
Speaker 3: similar type of retirement plan, you are now able to

836
00:37:02,800 --> 00:37:04,680
Speaker 3: take money out if you're no longer work, and you

837
00:37:04,719 --> 00:37:07,960
Speaker 3: can take money out without a ten percent penalty tax.

838
00:37:07,760 --> 00:37:08,720
Speaker 2: For this year. That's important.

839
00:37:08,960 --> 00:37:11,480
Speaker 3: So previously it was a ten percent penalty. Like, if

840
00:37:11,480 --> 00:37:13,120
Speaker 3: you took money out before fifty nine and a half,

841
00:37:13,120 --> 00:37:15,360
Speaker 3: you pay a ten percent penalty, state federal tax, and

842
00:37:15,400 --> 00:37:17,759
Speaker 3: a teen percent penalty tax if you take it out prematurely.

843
00:37:18,080 --> 00:37:20,600
Speaker 3: This year, you can take money out prematurely if you

844
00:37:20,600 --> 00:37:23,719
Speaker 3: can prove you were affected by corona virus, which is

845
00:37:23,760 --> 00:37:24,759
Speaker 3: a majority of people.

846
00:37:24,920 --> 00:37:25,680
Speaker 2: It shouldn't be that hard.

847
00:37:25,680 --> 00:37:28,600
Speaker 4: That's crazy, Like, think about that, Like that penalty, you're

848
00:37:28,600 --> 00:37:32,360
Speaker 4: talking almost forty percent your paying it's almost like a

849
00:37:32,440 --> 00:37:34,440
Speaker 4: forty Like say, if you count state tax, right, we

850
00:37:34,480 --> 00:37:36,879
Speaker 4: live in New York State, you count the federal plus

851
00:37:36,880 --> 00:37:39,279
Speaker 4: the tempercent, you're almost talking forty percent of the money

852
00:37:39,320 --> 00:37:41,600
Speaker 4: that you're trying to take is being taken out taken away.

853
00:37:41,600 --> 00:37:43,799
Speaker 3: Probably more than that depends on your tax bracket. But

854
00:37:44,520 --> 00:37:46,799
Speaker 3: so yeah, so that's that's that's done for this year.

855
00:37:48,480 --> 00:37:50,960
Speaker 3: There's a thing called a sixty day rule where if

856
00:37:51,000 --> 00:37:52,879
Speaker 3: you take money out of a retirement like let's say

857
00:37:52,880 --> 00:37:55,520
Speaker 3: you take money out of IRA, and usually you have

858
00:37:55,600 --> 00:37:57,840
Speaker 3: sixty days to put it back in before you get taxed.

859
00:37:58,160 --> 00:38:00,480
Speaker 3: That's been stretched double. So it's a hund in twenty

860
00:38:00,560 --> 00:38:04,280
Speaker 3: days this year without paying a penalty. They've also allowed

861
00:38:04,320 --> 00:38:06,880
Speaker 3: the amount of loans from your four one K to

862
00:38:06,920 --> 00:38:10,360
Speaker 3: go up. So you know, previously with fifty thousand dollars

863
00:38:10,440 --> 00:38:14,520
Speaker 3: with the max, now it's one hundred thousand dollars. So

864
00:38:14,560 --> 00:38:18,799
Speaker 3: that's changed this year as well. Rm ds required minimum distribution.

865
00:38:19,400 --> 00:38:21,319
Speaker 3: That's like, when you reach seventy and a half, you

866
00:38:21,400 --> 00:38:23,879
Speaker 3: have to start taking money from a retirement account. That's

867
00:38:23,920 --> 00:38:28,600
Speaker 3: waived for this year. Inherited iras like, so if you

868
00:38:28,600 --> 00:38:31,600
Speaker 3: have a parent that's passed away and you inherited their

869
00:38:31,640 --> 00:38:34,160
Speaker 3: four one K, you have to take an rm D,

870
00:38:34,239 --> 00:38:35,839
Speaker 3: like you have to take some money out every year,

871
00:38:36,239 --> 00:38:38,359
Speaker 3: but that's been waived for this year. So the reason

872
00:38:38,360 --> 00:38:40,719
Speaker 3: why they made all these provisions for retirement account is

873
00:38:40,760 --> 00:38:42,960
Speaker 3: that they know that, you know, middle class, working class,

874
00:38:43,080 --> 00:38:46,120
Speaker 3: average American, the majority of the money that they have

875
00:38:46,160 --> 00:38:47,480
Speaker 3: saved is in a retirement account.

876
00:38:47,480 --> 00:38:49,560
Speaker 4: I think it was a statistic, right, sixty six percent

877
00:38:49,600 --> 00:38:51,759
Speaker 4: of Americans don't have a thousand dollars in the savings.

878
00:38:52,040 --> 00:38:53,520
Speaker 4: So the first place that we're going to look for

879
00:38:53,560 --> 00:38:54,920
Speaker 4: money is retirement acount.

880
00:38:55,000 --> 00:38:57,000
Speaker 3: Yeah, so but the problem we're taking money from your

881
00:38:57,000 --> 00:38:59,799
Speaker 3: assirement account. Obviously you deplete your retirement, but also you

882
00:38:59,800 --> 00:39:02,200
Speaker 3: pay a bunch of taxes. So that's why they try

883
00:39:02,239 --> 00:39:04,400
Speaker 3: to make some provisions for this year. So if people

884
00:39:04,400 --> 00:39:06,760
Speaker 3: who have no other option and they have to take money,

885
00:39:07,120 --> 00:39:09,480
Speaker 3: then that's an option that you know is available to them.

886
00:39:09,520 --> 00:39:11,719
Speaker 3: But so that's important for people to understand is that

887
00:39:11,760 --> 00:39:15,400
Speaker 3: those options have changed and different provisions have changed this

888
00:39:15,560 --> 00:39:20,120
Speaker 3: year for the unpreceed situation that we're in, and a

889
00:39:20,120 --> 00:39:22,120
Speaker 3: lot of times, like when you're when you're you're leaving

890
00:39:22,160 --> 00:39:24,000
Speaker 3: a job, it's a lot to think about. So a

891
00:39:24,000 --> 00:39:26,120
Speaker 3: lot of times it's like you don't really make the

892
00:39:26,120 --> 00:39:30,040
Speaker 3: best financial decisions. But options that you have available to

893
00:39:30,120 --> 00:39:32,520
Speaker 3: you can roll into an IRA. We spoke about that

894
00:39:32,560 --> 00:39:34,759
Speaker 3: before in the podcast, where you can actually roll money

895
00:39:34,760 --> 00:39:37,239
Speaker 3: from a four to one K or a pension plan

896
00:39:37,320 --> 00:39:40,560
Speaker 3: into an IRA, right, So that's important to understand the

897
00:39:40,560 --> 00:39:44,399
Speaker 3: benefits of that. With the IRA, usually have more flexibility,

898
00:39:44,440 --> 00:39:47,360
Speaker 3: you have greater diversification, you can work with an advisor,

899
00:39:47,400 --> 00:39:49,480
Speaker 3: you can kind of pick and choose the investments as

900
00:39:49,520 --> 00:39:51,880
Speaker 3: opposed to the ones that's just chosen for you in

901
00:39:51,920 --> 00:39:55,760
Speaker 3: the four one K, So that's important. And then also

902
00:39:56,080 --> 00:40:00,680
Speaker 3: for union jobs. So a lot of union jobs haven't

903
00:40:00,719 --> 00:40:06,240
Speaker 3: been affected yet, but we're in unprecedented times, so nothing

904
00:40:06,320 --> 00:40:10,799
Speaker 3: is really secure. Like I mean, usually we say, okay, teachers, firefighters,

905
00:40:10,880 --> 00:40:14,200
Speaker 3: cops can't get fired because the union is too strong.

906
00:40:14,239 --> 00:40:18,279
Speaker 3: It's like those kind of jobs. But how long can

907
00:40:18,320 --> 00:40:20,600
Speaker 3: we go without you know what I'm saying, It's like

908
00:40:20,920 --> 00:40:23,600
Speaker 3: everything's going to be on the table soon. So, you know,

909
00:40:23,640 --> 00:40:26,000
Speaker 3: re union jobs, or if you're retired, or you know,

910
00:40:26,000 --> 00:40:29,000
Speaker 3: you have a pension plan, that's important to take into

911
00:40:29,040 --> 00:40:30,839
Speaker 3: consideration as well, because a lot of time people don't fully

912
00:40:30,880 --> 00:40:34,200
Speaker 3: understand how pension's work and the different options that you

913
00:40:34,200 --> 00:40:36,680
Speaker 3: you know, you can do when you when you leave

914
00:40:36,719 --> 00:40:38,879
Speaker 3: a job with the pension, like you can roll it over,

915
00:40:39,080 --> 00:40:41,880
Speaker 3: or you can start taking a lifetime income or the

916
00:40:41,920 --> 00:40:46,960
Speaker 3: spousal income. So understanding your retirement account is extremely extremely

917
00:40:47,000 --> 00:40:50,600
Speaker 3: important when you leave a job because now that is

918
00:40:50,719 --> 00:40:55,160
Speaker 3: transitioned from the job having control over it to you

919
00:40:55,160 --> 00:40:57,080
Speaker 3: can actually take control over it. And like I said,

920
00:40:57,160 --> 00:40:59,319
Speaker 3: especially now, like we're talking about the self directed IRA,

921
00:41:00,520 --> 00:41:03,200
Speaker 3: and like that's an option for people or if they

922
00:41:03,200 --> 00:41:05,239
Speaker 3: want to move into a traditional IRA or if they

923
00:41:05,239 --> 00:41:08,120
Speaker 3: have a raw IRA, or they have an inherited ira

924
00:41:08,120 --> 00:41:11,719
Speaker 3: if somebody passed away, right, And it's like now more

925
00:41:11,760 --> 00:41:16,000
Speaker 3: than ever, you need to be financially educated, financially literate

926
00:41:16,520 --> 00:41:20,279
Speaker 3: because these things are extremely important. We actually just did

927
00:41:20,320 --> 00:41:24,680
Speaker 3: a class Yo University about this, like one hour and

928
00:41:24,719 --> 00:41:26,120
Speaker 3: a half about retirement planet.

929
00:41:26,280 --> 00:41:29,000
Speaker 4: But that that class in itself man like and we've

930
00:41:29,000 --> 00:41:32,040
Speaker 4: spoken about this before, but like that class was like

931
00:41:32,120 --> 00:41:33,799
Speaker 4: super informative because I learned some things.

932
00:41:33,800 --> 00:41:36,359
Speaker 2: I'm like, oh okay, because, like you said, being in.

933
00:41:36,400 --> 00:41:38,520
Speaker 4: Education, being in the Union is like, all right, we're

934
00:41:38,520 --> 00:41:41,239
Speaker 4: strong now, but like, Yo, what happens in September when

935
00:41:41,239 --> 00:41:44,640
Speaker 4: they're like listen, we're cutting salaries in half or nobody's

936
00:41:44,640 --> 00:41:45,960
Speaker 4: getting a salary, you know what I'm saying.

937
00:41:46,000 --> 00:41:47,480
Speaker 2: It becomes a real situation.

938
00:41:47,280 --> 00:41:49,040
Speaker 3: Comes to issue. And then another thing we're retiring plan

939
00:41:49,160 --> 00:41:50,960
Speaker 3: is like even if you add a job or if

940
00:41:50,960 --> 00:41:54,479
Speaker 3: you you know, my personal opinion is that if you're young,

941
00:41:55,280 --> 00:41:58,120
Speaker 3: ride it out because we the market. The markets already

942
00:41:58,120 --> 00:42:00,680
Speaker 3: starting to go back up, which is a whole different conversation.

943
00:42:01,280 --> 00:42:02,480
Speaker 2: But a lot of times.

944
00:42:02,280 --> 00:42:04,399
Speaker 3: People panic and they see that full one K goes

945
00:42:04,440 --> 00:42:07,640
Speaker 3: down and they want to cash their money out. So

946
00:42:07,680 --> 00:42:10,440
Speaker 3: that's not really probably the best option because now you

947
00:42:10,520 --> 00:42:13,920
Speaker 3: pay penalties, you pay taxes, and you lose the future growth.

948
00:42:14,239 --> 00:42:16,759
Speaker 3: Where it's like you can just stay the course, or

949
00:42:16,800 --> 00:42:18,239
Speaker 3: you can change how you're allocate, Like you can go

950
00:42:18,280 --> 00:42:20,279
Speaker 3: to a money market account. If you really don't have

951
00:42:20,280 --> 00:42:21,880
Speaker 3: the stomach for stock market, you can always go to

952
00:42:21,880 --> 00:42:23,600
Speaker 3: the money market. People don't understand that. They feel like

953
00:42:23,600 --> 00:42:26,759
Speaker 3: they either have to be fully in invested or they

954
00:42:26,760 --> 00:42:28,480
Speaker 3: have to take that money out. The money market is

955
00:42:28,600 --> 00:42:31,520
Speaker 3: kind of like a sideline where it's like a savings account.

956
00:42:31,520 --> 00:42:34,560
Speaker 3: Pretty much, it's every four one k every il has

957
00:42:34,560 --> 00:42:37,080
Speaker 3: a money market, every single one of them. The money

958
00:42:37,080 --> 00:42:39,879
Speaker 3: market is like a timeout, like you're still in it.

959
00:42:39,960 --> 00:42:42,080
Speaker 3: You don't take the money out, you're not paying any penalty,

960
00:42:42,080 --> 00:42:44,640
Speaker 3: you're not paying any tax. It's still invested, but it's

961
00:42:44,680 --> 00:42:48,840
Speaker 3: not actually in any investment poll. It's just the you know,

962
00:42:48,920 --> 00:42:51,320
Speaker 3: money market. So that's an option that people should be

963
00:42:51,400 --> 00:42:54,640
Speaker 3: aware of. If you feel like this market is just

964
00:42:54,760 --> 00:42:58,000
Speaker 3: too roller coaster for you and you don't feel you

965
00:42:58,040 --> 00:43:01,399
Speaker 3: feel nervous. I got said, I would suggest stay in,

966
00:43:02,239 --> 00:43:04,800
Speaker 3: but if you don't, that's an option before you just

967
00:43:04,840 --> 00:43:06,600
Speaker 3: take your money out. A lot of people don't understand

968
00:43:06,600 --> 00:43:08,120
Speaker 3: that you don't have to just take your money out.

969
00:43:08,160 --> 00:43:11,200
Speaker 3: You can just put it in a money market, wait

970
00:43:11,239 --> 00:43:13,880
Speaker 3: for a minute, wait for things to come back, and

971
00:43:13,920 --> 00:43:15,640
Speaker 3: then you can come jump back in the market.

972
00:43:16,000 --> 00:43:17,920
Speaker 2: Yeah, it's gonna take some pages, man, waiting for things

973
00:43:17,960 --> 00:43:19,360
Speaker 2: to come back. In this climate.

974
00:43:19,440 --> 00:43:21,400
Speaker 3: It's already coming back. I mean the market. If you

975
00:43:21,440 --> 00:43:24,000
Speaker 3: follow the stock market, the stock market's been booming.

976
00:43:23,880 --> 00:43:26,560
Speaker 2: And that that is something like we've got a conversation.

977
00:43:27,080 --> 00:43:31,120
Speaker 4: I'm not sure or quite understand because if you see

978
00:43:31,280 --> 00:43:33,680
Speaker 4: right this tidal wave of its coming of people being unemployed,

979
00:43:33,680 --> 00:43:37,160
Speaker 4: people not having income, people not having funds, how does

980
00:43:37,200 --> 00:43:38,319
Speaker 4: the market keep going up?

981
00:43:40,400 --> 00:43:42,440
Speaker 3: Well, one of the things whise it goes up is

982
00:43:42,480 --> 00:43:45,640
Speaker 3: that it's in the last recession, we had a thing

983
00:43:45,719 --> 00:43:49,839
Speaker 3: called quantitative eason where the FED just pumped money into

984
00:43:49,880 --> 00:43:53,640
Speaker 3: the and now this is like that on steroids. So

985
00:43:54,040 --> 00:43:58,279
Speaker 3: they're pumping trillions, literally trillions of dollars into the economy

986
00:43:58,680 --> 00:44:01,279
Speaker 3: to prop it up. So it's like on stilt right now. Right,

987
00:44:02,440 --> 00:44:06,000
Speaker 3: that's one reason, because it's so much money being pumped

988
00:44:06,040 --> 00:44:09,200
Speaker 3: into it. And the FED has said on national television

989
00:44:09,280 --> 00:44:12,319
Speaker 3: that it will print as much money as we they have.

990
00:44:12,400 --> 00:44:15,120
Speaker 3: The Green light from the government to print as much

991
00:44:15,160 --> 00:44:18,279
Speaker 3: money as possible. So people need to understand, like the

992
00:44:18,280 --> 00:44:21,040
Speaker 3: Federal Reserve, the Federal Reserve is actually not part of

993
00:44:21,040 --> 00:44:24,200
Speaker 3: the United States government. It's a whole separate entity. That's

994
00:44:24,200 --> 00:44:27,000
Speaker 3: a whole different conversation. But the Federal Reserve was set

995
00:44:27,080 --> 00:44:31,840
Speaker 3: up after the Great Depression by the wealthiest elites to

996
00:44:31,920 --> 00:44:35,520
Speaker 3: make sure that the Great Depression never happens again. And

997
00:44:35,560 --> 00:44:38,080
Speaker 3: then there's a lot of other stuff, conspiracy theories into it,

998
00:44:38,160 --> 00:44:38,720
Speaker 3: we won't.

999
00:44:38,560 --> 00:44:39,160
Speaker 2: Go into it.

1000
00:44:39,520 --> 00:44:44,480
Speaker 3: But so the Federal Reserve's bank is an outside entity

1001
00:44:44,760 --> 00:44:50,720
Speaker 3: that controls the currency, and they really have free range

1002
00:44:50,800 --> 00:44:53,799
Speaker 3: to manipulate the market however they want. So, like when

1003
00:44:53,840 --> 00:44:55,879
Speaker 3: you see the Fed's lower interest rates, like at any

1004
00:44:55,880 --> 00:44:57,799
Speaker 3: point in time, the Feds want a lower interest rates

1005
00:44:57,800 --> 00:44:59,920
Speaker 3: they can lower. They want to raise interest rates that

1006
00:45:00,040 --> 00:45:03,719
Speaker 3: can raise them. They want to stop printing money, slow down,

1007
00:45:04,000 --> 00:45:06,359
Speaker 3: they want to print more money. So right now they're

1008
00:45:06,400 --> 00:45:09,480
Speaker 3: just they're just flooding the streets for money right now.

1009
00:45:10,239 --> 00:45:11,720
Speaker 4: And that's the thing, Like when you flood the streets

1010
00:45:11,719 --> 00:45:13,040
Speaker 4: for money, and what does that do to the value

1011
00:45:13,080 --> 00:45:15,360
Speaker 4: of the dollar, and how you stop inflation from happening.

1012
00:45:15,400 --> 00:45:18,040
Speaker 4: It's like a big So those are like big dominoes, right,

1013
00:45:18,080 --> 00:45:21,160
Speaker 4: Like when we see that on a scale, it's like,

1014
00:45:21,200 --> 00:45:22,040
Speaker 4: all right, that makes sense.

1015
00:45:22,080 --> 00:45:23,240
Speaker 2: But until you go to the supermarket.

1016
00:45:23,320 --> 00:45:25,400
Speaker 4: Now your milk is ten dollars and you have no

1017
00:45:25,480 --> 00:45:27,480
Speaker 4: money to get it, It's like, all right, we're back

1018
00:45:27,520 --> 00:45:28,399
Speaker 4: to survival mode.

1019
00:45:28,520 --> 00:45:32,759
Speaker 3: Yeah, So that's the delicate situation. So most people think

1020
00:45:32,800 --> 00:45:34,640
Speaker 3: at some point, I mean I personally think at some

1021
00:45:34,640 --> 00:45:37,680
Speaker 3: point the stock market has to come down because especially

1022
00:45:37,800 --> 00:45:42,840
Speaker 3: if jobs aren't opening, businesses aren't making money, people getting

1023
00:45:42,920 --> 00:45:46,200
Speaker 3: laid off, it doesn't really technically make sense that the

1024
00:45:46,200 --> 00:45:48,400
Speaker 3: stock market's going up, right, very puzzling.

1025
00:45:48,480 --> 00:45:50,719
Speaker 4: It's puzzling, like and we'll take a sect if we

1026
00:45:50,960 --> 00:45:53,799
Speaker 4: looking like the airline sector. We're looking at these airlines

1027
00:45:54,000 --> 00:45:57,080
Speaker 4: like they're fluctuating, they're going up, they're going down. I'm thinking, like,

1028
00:45:57,080 --> 00:45:59,839
Speaker 4: there's nobody that's flying right now, Like nobody's flying, Like

1029
00:46:00,120 --> 00:46:03,040
Speaker 4: flights are going with two or three people on them,

1030
00:46:03,160 --> 00:46:04,759
Speaker 4: Like this doesn't make sense.

1031
00:46:04,800 --> 00:46:07,960
Speaker 3: And this is just highlights another thing. It reminds me

1032
00:46:08,000 --> 00:46:12,319
Speaker 3: of crypto, the crypto days, when you know the sad

1033
00:46:12,400 --> 00:46:16,360
Speaker 3: reality of it is that the vast majority of people

1034
00:46:16,480 --> 00:46:19,520
Speaker 3: are just pawns in this game where a few people

1035
00:46:19,640 --> 00:46:24,200
Speaker 3: really move the pieces. So you have hedge funds, you

1036
00:46:24,239 --> 00:46:28,239
Speaker 3: have institutional investors, you have big, big, big players, right,

1037
00:46:29,080 --> 00:46:33,359
Speaker 3: and this just shows you that it's no real rhyme

1038
00:46:33,440 --> 00:46:35,960
Speaker 3: or reason. A lot of times it's whatever they want

1039
00:46:36,000 --> 00:46:39,600
Speaker 3: to do. It wasn't like Wales and reality of it.

1040
00:46:39,640 --> 00:46:41,480
Speaker 3: They can move they can move it however they want

1041
00:46:41,520 --> 00:46:44,120
Speaker 3: to move it. If this doesn't show you that, I

1042
00:46:44,160 --> 00:46:46,640
Speaker 3: don't know what else is. Every single company has the

1043
00:46:46,960 --> 00:46:50,840
Speaker 3: most almost ninety five percent companies have they will have

1044
00:46:50,880 --> 00:46:54,080
Speaker 3: a negative twenty twenty. They've already written off the year,

1045
00:46:54,200 --> 00:46:56,040
Speaker 3: like you know, you're right off a court if they

1046
00:46:56,080 --> 00:46:56,680
Speaker 3: wrote off the year.

1047
00:46:56,719 --> 00:46:58,680
Speaker 2: Everybody's changed their progestions for the year already.

1048
00:46:58,760 --> 00:47:01,919
Speaker 3: Ninety five percent companies rolled off the year three weeks

1049
00:47:01,920 --> 00:47:02,760
Speaker 3: in the year's.

1050
00:47:02,560 --> 00:47:05,440
Speaker 4: Done three weeks and like so like what does that

1051
00:47:05,480 --> 00:47:08,040
Speaker 4: look like two to three months? Right, Because if we're

1052
00:47:08,040 --> 00:47:10,439
Speaker 4: talking about like what the government, well the mayor said,

1053
00:47:10,600 --> 00:47:12,359
Speaker 4: we're going schools, mean people can't go back to work.

1054
00:47:12,360 --> 00:47:14,600
Speaker 4: If nobody goes back to work until the summer, you're

1055
00:47:14,640 --> 00:47:17,600
Speaker 4: talking three or four months, three weeks, and that's what.

1056
00:47:17,520 --> 00:47:20,279
Speaker 2: It looks like. This is we in for some some

1057
00:47:20,320 --> 00:47:21,080
Speaker 2: different type of time.

1058
00:47:21,160 --> 00:47:24,000
Speaker 3: So wash the stock market. Shout out to Ian, Shout

1059
00:47:24,040 --> 00:47:26,120
Speaker 3: out to Wall Street trapper, Shout out to everybody that's

1060
00:47:26,239 --> 00:47:28,920
Speaker 3: educating the people, because you can make money in this market.

1061
00:47:28,960 --> 00:47:32,080
Speaker 3: I'm invested in the market. You know, a lot of

1062
00:47:32,120 --> 00:47:34,480
Speaker 3: us are still invested in the market. And I'm playing

1063
00:47:34,480 --> 00:47:36,600
Speaker 3: the game. Yeah, I'm learning. I'm playing it, and I'm learning.

1064
00:47:36,640 --> 00:47:38,839
Speaker 3: I'm playing a game, and I understand that I'm not

1065
00:47:38,880 --> 00:47:41,120
Speaker 3: making the rules. I'm not trying to act like I'm

1066
00:47:41,160 --> 00:47:44,759
Speaker 3: in control of it. But okay, there's money to be made.

1067
00:47:45,080 --> 00:47:46,399
Speaker 2: We're gonna try to make it's legal.

1068
00:47:46,480 --> 00:47:48,480
Speaker 3: It's not like you're doing anything unethical. I mean, it

1069
00:47:48,520 --> 00:47:56,840
Speaker 3: doesn't make sense, but whatever, somebody's gonna do it, so

1070
00:47:57,200 --> 00:48:03,120
Speaker 3: why not all right? Well, so okay, so staying on

1071
00:48:03,160 --> 00:48:08,440
Speaker 3: track with unemployment. Yeah, another big issue for people is healthcare,

1072
00:48:08,520 --> 00:48:12,560
Speaker 3: especially now whatever what coronavirus is, like, you know, your

1073
00:48:12,560 --> 00:48:16,600
Speaker 3: health health is the number one issue. So healthcare is

1074
00:48:16,640 --> 00:48:20,480
Speaker 3: a big situation because obviously when you lose your job,

1075
00:48:20,560 --> 00:48:23,040
Speaker 3: now you have to make decisions about your health insurance.

1076
00:48:23,880 --> 00:48:27,520
Speaker 3: So it's a thing called cobra, right, want to talk

1077
00:48:27,520 --> 00:48:28,000
Speaker 3: about cobra.

1078
00:48:28,080 --> 00:48:30,920
Speaker 4: Yeah, So cobra is a continuation of your health insurance

1079
00:48:31,200 --> 00:48:33,279
Speaker 4: for anybody that loses their job, and it depends on

1080
00:48:33,320 --> 00:48:36,040
Speaker 4: your employer, but it usually after you use your job

1081
00:48:36,080 --> 00:48:38,200
Speaker 4: and you lose your health benefits.

1082
00:48:37,800 --> 00:48:38,360
Speaker 2: You can apply.

1083
00:48:38,440 --> 00:48:41,120
Speaker 4: You have sixty days to apply for COBRA, which will

1084
00:48:41,160 --> 00:48:43,600
Speaker 4: continue your health insurance. The biggest difference is that you

1085
00:48:43,640 --> 00:48:47,080
Speaker 4: have to pay the premium. So whereas if you worked

1086
00:48:47,120 --> 00:48:50,080
Speaker 4: in education, right the premium won't be as high because

1087
00:48:50,120 --> 00:48:52,040
Speaker 4: it's a union and the rate is going to be

1088
00:48:52,040 --> 00:48:54,520
Speaker 4: a lot lower. Now with COBRA, you have to pay

1089
00:48:54,920 --> 00:48:57,439
Speaker 4: the premium up front. One interesting thing that I found

1090
00:48:57,480 --> 00:48:59,880
Speaker 4: out was like people that are furlough so like people

1091
00:49:00,000 --> 00:49:02,880
Speaker 4: lose their jobs, they can apply for COBRA within sixty days.

1092
00:49:03,040 --> 00:49:05,800
Speaker 2: People are furloughed, COBRA is not a qualifying event.

1093
00:49:06,280 --> 00:49:10,440
Speaker 4: So those people, you know, hopefully their employees can continue

1094
00:49:10,480 --> 00:49:11,240
Speaker 4: their help benefits.

1095
00:49:11,280 --> 00:49:13,480
Speaker 2: If the some do, some don't. I think they're in

1096
00:49:13,520 --> 00:49:15,480
Speaker 2: an interesting space, like what do those people do because

1097
00:49:15,480 --> 00:49:16,880
Speaker 2: a lot of people are being furloughed.

1098
00:49:17,440 --> 00:49:20,200
Speaker 4: Eventually, I'm thinking if this continues, they'll eventually be laid

1099
00:49:20,239 --> 00:49:21,520
Speaker 4: off and then they will be.

1100
00:49:21,640 --> 00:49:25,759
Speaker 2: Qualified for COBRA. But it's a very slippery slope right now.

1101
00:49:25,800 --> 00:49:30,040
Speaker 4: Man health insurance right now is I mean, what will

1102
00:49:30,040 --> 00:49:31,319
Speaker 4: we do with that without that right now?

1103
00:49:31,400 --> 00:49:33,200
Speaker 2: Especially in a health crisis.

1104
00:49:33,239 --> 00:49:35,359
Speaker 4: Imagine that you don't have health insurance and now you're

1105
00:49:35,400 --> 00:49:37,279
Speaker 4: in a health crisis. Yeah, you don't have a job

1106
00:49:37,280 --> 00:49:38,799
Speaker 4: to pay the premium.

1107
00:49:38,880 --> 00:49:41,520
Speaker 3: Yeah, So Cobra Yeah, Cobra is for people that, like

1108
00:49:41,520 --> 00:49:44,000
Speaker 3: you said, got laid off. And the thing with Cobra

1109
00:49:44,120 --> 00:49:47,640
Speaker 3: is that you get to keep your same plan, but

1110
00:49:47,920 --> 00:49:51,080
Speaker 3: the premiums go out substantially. They could go up substantially

1111
00:49:51,120 --> 00:49:55,200
Speaker 3: because now your employer is no longer paying that portion

1112
00:49:55,560 --> 00:49:55,879
Speaker 3: of it.

1113
00:49:56,040 --> 00:49:58,319
Speaker 4: A lot of times the employer has government and set

1114
00:49:58,640 --> 00:50:01,160
Speaker 4: assistance put inside the plan, so they paid some of

1115
00:50:01,200 --> 00:50:02,120
Speaker 4: it to them and pay something.

1116
00:50:02,480 --> 00:50:03,799
Speaker 2: Now it's all on you. Yeah.

1117
00:50:03,840 --> 00:50:05,600
Speaker 3: And then also you're no longer part of that group,

1118
00:50:05,680 --> 00:50:08,200
Speaker 3: so everything is always lower with a group. That's why

1119
00:50:08,239 --> 00:50:11,120
Speaker 3: it's called group insurance as opposed to individual insurance. So

1120
00:50:11,160 --> 00:50:12,920
Speaker 3: now if you're on Cobra, you're on the outside. So

1121
00:50:13,280 --> 00:50:16,200
Speaker 3: if you were paying let's say two point fifty a

1122
00:50:16,280 --> 00:50:19,520
Speaker 3: month for your health insurance at your job, now a

1123
00:50:19,680 --> 00:50:22,680
Speaker 3: Cobra you could be paying seven hundred dollars a month,

1124
00:50:22,719 --> 00:50:25,439
Speaker 3: six hundred dollars a month because now you know it's

1125
00:50:25,440 --> 00:50:28,160
Speaker 3: no longer being subsidized. It's the same plan, but now

1126
00:50:28,200 --> 00:50:31,560
Speaker 3: you have to pay. So now obviously that's an issue

1127
00:50:31,640 --> 00:50:36,320
Speaker 3: because you're not working, so you're getting paid less money,

1128
00:50:36,680 --> 00:50:40,719
Speaker 3: but you have a higher expense on the cobra, which is.

1129
00:50:40,719 --> 00:50:42,920
Speaker 4: Which is why in my mind, and we sold the

1130
00:50:42,920 --> 00:50:46,279
Speaker 4: federal government. They changed the unemployment rate, right, so well,

1131
00:50:46,280 --> 00:50:49,000
Speaker 4: not the unemployment, the unemployment insurance amount, so that they've

1132
00:50:49,080 --> 00:50:51,839
Speaker 4: added six hundred dollars to it to whatever you were getting, right,

1133
00:50:51,840 --> 00:50:53,840
Speaker 4: depending on how much you've made this a percentage's actually

1134
00:50:53,840 --> 00:50:57,080
Speaker 4: a calculation. You can determine how much your unemployment insurance

1135
00:50:57,120 --> 00:50:59,040
Speaker 4: check is. But they've added six hundred because of these

1136
00:50:59,040 --> 00:51:00,879
Speaker 4: type of expenses. Right, somebody's gonna go on a crow,

1137
00:51:00,960 --> 00:51:03,200
Speaker 4: but they don't have income. We're going to have to

1138
00:51:03,200 --> 00:51:05,920
Speaker 4: give them more money. And like if this doesn't, I mean,

1139
00:51:05,960 --> 00:51:08,879
Speaker 4: they actually extended it, I think unemployment from twenty six

1140
00:51:08,920 --> 00:51:11,120
Speaker 4: weeks now to thirty nine weeks because they're seeing it

1141
00:51:11,160 --> 00:51:12,279
Speaker 4: like this is gonna last for a.

1142
00:51:12,239 --> 00:51:14,480
Speaker 2: While, and we have to have people with money. We

1143
00:51:14,560 --> 00:51:15,840
Speaker 2: have to give them some type of income.

1144
00:51:16,040 --> 00:51:19,520
Speaker 3: Yeah, and you know another thing that people have available

1145
00:51:19,560 --> 00:51:23,960
Speaker 3: to them sometimes is the ACA Affordable Health Affordable Care

1146
00:51:24,000 --> 00:51:27,280
Speaker 3: Act that was better known as Obamacare.

1147
00:51:26,680 --> 00:51:29,920
Speaker 2: Obamacare Act, and Medicaid.

1148
00:51:30,160 --> 00:51:32,200
Speaker 3: So, you know, the interesting thing about medicaid is that,

1149
00:51:32,280 --> 00:51:35,000
Speaker 3: you know, each Medicaid Medicaid system is really screwed up

1150
00:51:35,320 --> 00:51:37,560
Speaker 3: because it's there's really no set thing for it. It

1151
00:51:37,600 --> 00:51:40,759
Speaker 3: depends on your income. Each state is different. You can

1152
00:51:40,840 --> 00:51:43,440
Speaker 3: like apply on the state website. But they said that

1153
00:51:43,480 --> 00:51:47,600
Speaker 3: it estimated six million adults that actually qualify for Medicaid

1154
00:51:48,360 --> 00:51:52,240
Speaker 3: are not enrolled. So that's another option as well, because

1155
00:51:52,280 --> 00:51:54,760
Speaker 3: with Medicaid is like you don't really pay for anything.

1156
00:51:55,040 --> 00:51:58,520
Speaker 3: It's like pretty much free in a sense. So a

1157
00:51:58,560 --> 00:52:00,440
Speaker 3: lot of times, you know, it does don't really have

1158
00:52:00,480 --> 00:52:04,319
Speaker 3: the best stigma attached to it. Medicaid is like, you know.

1159
00:52:04,760 --> 00:52:06,840
Speaker 4: People think they're not getting the best health professionals to

1160
00:52:06,840 --> 00:52:07,480
Speaker 4: be doing the job.

1161
00:52:07,800 --> 00:52:10,120
Speaker 3: Well, guess why you're not getting the best health professionals anyway,

1162
00:52:10,480 --> 00:52:11,160
Speaker 3: unless you're rich.

1163
00:52:11,360 --> 00:52:12,279
Speaker 2: What's the reality of it?

1164
00:52:13,320 --> 00:52:17,880
Speaker 3: So, yeah, it's free, So I that might be something

1165
00:52:17,880 --> 00:52:19,480
Speaker 3: that a lot of people should look into as well,

1166
00:52:19,480 --> 00:52:21,040
Speaker 3: Like I said, with researcher and they said that six

1167
00:52:21,120 --> 00:52:24,400
Speaker 3: million people that actually qualify for Medicaid are not enrolled.

1168
00:52:24,440 --> 00:52:27,919
Speaker 3: In medicaid, just lack of awareness, lack of awareness, and yeah,

1169
00:52:28,040 --> 00:52:29,799
Speaker 3: lack of awareness would I.

1170
00:52:29,719 --> 00:52:32,319
Speaker 4: Would say lack of awareness more than stigma. I don't

1171
00:52:32,320 --> 00:52:33,200
Speaker 4: even think people know that.

1172
00:52:33,920 --> 00:52:35,799
Speaker 2: You don't think people have the stigma with medicaid? No, No,

1173
00:52:35,760 --> 00:52:38,040
Speaker 2: I don't think people know that they qualify for it.

1174
00:52:37,960 --> 00:52:40,240
Speaker 3: Because of the stigma attached to it. They think medicaid

1175
00:52:40,280 --> 00:52:44,680
Speaker 3: is just strictly for you know, poverty, like extreme poverty,

1176
00:52:44,680 --> 00:52:45,879
Speaker 3: senior citizen and things that the nature.

1177
00:52:45,880 --> 00:52:46,200
Speaker 2: They don't.

1178
00:52:46,280 --> 00:52:50,480
Speaker 3: But you can be working class. Poverty is a real thing,

1179
00:52:51,760 --> 00:52:54,920
Speaker 3: and you might have a full time job and technically

1180
00:52:55,640 --> 00:52:58,960
Speaker 3: be in poverty. It's the reality of them. Middle class

1181
00:52:59,000 --> 00:53:00,320
Speaker 3: poverty happens.

1182
00:53:00,560 --> 00:53:02,520
Speaker 4: We had that argument, right, we were doing working class,

1183
00:53:02,520 --> 00:53:04,399
Speaker 4: middle class, rich, poor.

1184
00:53:04,719 --> 00:53:06,560
Speaker 2: We had like this whole debate about that. But that's

1185
00:53:06,560 --> 00:53:06,920
Speaker 2: a fact.

1186
00:53:07,480 --> 00:53:10,640
Speaker 3: Yeah, there's no middle class, either rich or poor.

1187
00:53:11,239 --> 00:53:12,560
Speaker 2: We're gonna fall in between one of those.

1188
00:53:12,680 --> 00:53:15,239
Speaker 3: Yeah, because realistically, it's like Ian Sam, if you don't

1189
00:53:15,239 --> 00:53:19,200
Speaker 3: have sixty months saved, you're screwed. And it's like, Okay,

1190
00:53:19,280 --> 00:53:22,120
Speaker 3: that sounds crazy, but that's what that's.

1191
00:53:21,800 --> 00:53:24,160
Speaker 2: When we said it. We were like, yo, that's crazy.

1192
00:53:23,840 --> 00:53:28,960
Speaker 3: That's wealthy because it's like Okay, Now this is exposing

1193
00:53:29,400 --> 00:53:34,239
Speaker 3: like what we've been saying for ever that no matter

1194
00:53:34,280 --> 00:53:37,439
Speaker 3: how much money you make, a lot of people are

1195
00:53:37,800 --> 00:53:40,680
Speaker 3: one paycheck away from a financial crisis. If you're one

1196
00:53:40,680 --> 00:53:43,800
Speaker 3: paycheck away from a financial crisis, you're poor, You're in poverty.

1197
00:53:43,840 --> 00:53:44,759
Speaker 2: You have no reserves.

1198
00:53:45,000 --> 00:53:46,840
Speaker 4: That's one of the things like in shout out to

1199
00:53:46,840 --> 00:53:48,440
Speaker 4: Ian and shout to map, but we've been stressing that,

1200
00:53:48,520 --> 00:53:50,200
Speaker 4: like you got to have reserves. Like I told you

1201
00:53:50,280 --> 00:53:51,840
Speaker 4: when you told me at twenty six, like, yo, you

1202
00:53:51,920 --> 00:53:54,239
Speaker 4: need to have six to twelve months to live off of.

1203
00:53:54,320 --> 00:53:55,960
Speaker 4: And I was like, y, all right, that's the standard.

1204
00:53:56,000 --> 00:53:57,480
Speaker 4: And then when he said sixty, I was like.

1205
00:53:58,120 --> 00:54:00,200
Speaker 2: I'm in the wrong boat. I got to readjust what

1206
00:54:00,239 --> 00:54:00,560
Speaker 2: I was.

1207
00:54:00,520 --> 00:54:03,760
Speaker 4: Thinking, because he's right, like, this is a financial crisis.

1208
00:54:03,920 --> 00:54:05,799
Speaker 4: This is a health crisis and a financial crisis at

1209
00:54:05,840 --> 00:54:08,719
Speaker 4: the same time. So like that's five years.

1210
00:54:09,440 --> 00:54:13,719
Speaker 2: Yeah, really how long people survive? Yeah?

1211
00:54:13,800 --> 00:54:19,080
Speaker 3: So and then it's like with the Obamacare, the ACA

1212
00:54:20,239 --> 00:54:23,239
Speaker 3: that's open enrollment once again, and the issues that they're

1213
00:54:23,280 --> 00:54:26,600
Speaker 3: having is that they haven't changed it, like you would

1214
00:54:26,640 --> 00:54:28,840
Speaker 3: think that they would make some provisions for like enrollment

1215
00:54:28,880 --> 00:54:31,520
Speaker 3: and different things. Because it was going on but for

1216
00:54:31,560 --> 00:54:33,680
Speaker 3: the most part, they really haven't. So a lot of

1217
00:54:33,719 --> 00:54:37,239
Speaker 3: people are mad about that in the administration, and it's

1218
00:54:37,280 --> 00:54:39,560
Speaker 3: kind of a lot of it's a lot of lag

1219
00:54:39,680 --> 00:54:40,400
Speaker 3: time on everything.

1220
00:54:40,719 --> 00:54:42,160
Speaker 2: I mean, at first they wanted to get rid of it.

1221
00:54:43,120 --> 00:54:46,480
Speaker 4: Yeah, so now it's like why even go revisit it

1222
00:54:46,520 --> 00:54:47,960
Speaker 4: when they try to get rid of in the first place.

1223
00:54:48,080 --> 00:54:50,440
Speaker 3: So healthcare is something that you know, people should be

1224
00:54:50,480 --> 00:54:52,000
Speaker 3: aware of. Another thing that people should be aware of

1225
00:54:52,080 --> 00:54:54,879
Speaker 3: is their insurance. And were talked about this before as well,

1226
00:54:54,960 --> 00:54:57,680
Speaker 3: especially you know, talking about life insurance right specifically talk

1227
00:54:57,680 --> 00:54:59,600
Speaker 3: about life insurance. A lot of times people think that

1228
00:54:59,560 --> 00:55:02,560
Speaker 3: they're good, quote unquote, I'm good because they.

1229
00:55:02,520 --> 00:55:04,279
Speaker 2: Haven't you have it all the time.

1230
00:55:04,520 --> 00:55:07,640
Speaker 3: I'm good you have insurance at your job. But no,

1231
00:55:07,680 --> 00:55:10,160
Speaker 3: you're really not, because it's like, what happens is that

1232
00:55:10,239 --> 00:55:12,359
Speaker 3: this is a perfect example. If you lose your job,

1233
00:55:12,480 --> 00:55:17,200
Speaker 3: a few things happen. It's one you can keep your insurance.

1234
00:55:17,520 --> 00:55:19,840
Speaker 3: That doesn't really happen for the most part, but you

1235
00:55:19,840 --> 00:55:24,080
Speaker 3: can keep your insurance in the same majority of the time,

1236
00:55:24,480 --> 00:55:26,880
Speaker 3: what happens is that you no longer have your insurance

1237
00:55:27,800 --> 00:55:30,960
Speaker 3: or just like the health insurance, you can keep your insurance,

1238
00:55:30,960 --> 00:55:33,560
Speaker 3: but the premiums go up. One thing about you know,

1239
00:55:33,640 --> 00:55:35,839
Speaker 3: life insurance how the job, is that the premiums are

1240
00:55:35,880 --> 00:55:38,560
Speaker 3: extremely low because once again it's covering a group, right,

1241
00:55:38,640 --> 00:55:40,520
Speaker 3: So you might have like one hundred thousand dollars policy

1242
00:55:40,520 --> 00:55:43,080
Speaker 3: for like ten dollars a month, like five dollars a month.

1243
00:55:43,120 --> 00:55:44,839
Speaker 3: I'm like that, it's like next to nothing.

1244
00:55:44,880 --> 00:55:46,520
Speaker 2: I was gonna say, thee hundred thousand sounds like most

1245
00:55:46,520 --> 00:55:47,239
Speaker 2: of the ones I've seen.

1246
00:55:49,000 --> 00:55:50,720
Speaker 3: Well, sometimes they let you get like double your income.

1247
00:55:50,760 --> 00:55:52,319
Speaker 3: It depends on how much money you make, so it's

1248
00:55:52,320 --> 00:55:56,000
Speaker 3: all relative. But I say that to say it's good

1249
00:55:56,000 --> 00:55:59,080
Speaker 3: to have because it's a low risk as far as

1250
00:55:59,160 --> 00:56:01,240
Speaker 3: like it doesn't really cost you, you think, sometimes even free.

1251
00:56:01,440 --> 00:56:03,759
Speaker 3: But the problem with having life insurance that as your

1252
00:56:03,800 --> 00:56:07,919
Speaker 3: only source of life insurance is that this right now,

1253
00:56:08,080 --> 00:56:10,920
Speaker 3: so a lot of times when you leave your job,

1254
00:56:11,239 --> 00:56:13,680
Speaker 3: you can't it's not transferable, you can't take it with you.

1255
00:56:14,040 --> 00:56:16,160
Speaker 3: So now if you were depending on that, if you

1256
00:56:16,239 --> 00:56:18,880
Speaker 3: got three kids at home, not only are you in

1257
00:56:18,960 --> 00:56:21,680
Speaker 3: the midst of a financial crisis because you don't have

1258
00:56:21,760 --> 00:56:26,040
Speaker 3: any money coming in, but God forbid you die good,

1259
00:56:26,200 --> 00:56:29,040
Speaker 3: which is a high likelihood at this point because I've

1260
00:56:29,040 --> 00:56:31,200
Speaker 3: grown up and everything else going on is life is

1261
00:56:31,200 --> 00:56:35,040
Speaker 3: extremely so now you can die and you leave your

1262
00:56:35,080 --> 00:56:35,720
Speaker 3: family nothing.

1263
00:56:36,440 --> 00:56:36,840
Speaker 2: Wow.

1264
00:56:37,239 --> 00:56:40,120
Speaker 3: So this is a whole domino effect and it's much

1265
00:56:40,160 --> 00:56:41,520
Speaker 3: deeper than most people think about.

1266
00:56:41,680 --> 00:56:44,240
Speaker 2: Wow. But once again, I meante.

1267
00:56:43,800 --> 00:56:45,560
Speaker 4: Thinking about the premiums as you said it just now,

1268
00:56:45,600 --> 00:56:47,560
Speaker 4: like I hadn't even thought of that. Imagine that you

1269
00:56:47,600 --> 00:56:49,040
Speaker 4: lose a life insurance and you do have to pay

1270
00:56:49,040 --> 00:56:51,399
Speaker 4: the premium, Like, let's take the life insurance, now take

1271
00:56:51,640 --> 00:56:55,520
Speaker 4: the health insurance premium, I mean the Cobra premium, Like

1272
00:56:56,040 --> 00:56:57,919
Speaker 4: Something're gonna have to give up. Something you have to say, look,

1273
00:56:57,920 --> 00:56:58,879
Speaker 4: I can't pay one of these.

1274
00:56:59,600 --> 00:57:02,920
Speaker 3: Yeah, And it's a learning experience. And once again, not

1275
00:57:03,080 --> 00:57:05,239
Speaker 3: to play the role of like I told you so,

1276
00:57:05,400 --> 00:57:07,640
Speaker 3: but this is things that we've spoken about on the

1277
00:57:07,680 --> 00:57:11,520
Speaker 3: podcast for months and hopefully people take heed to it

1278
00:57:11,640 --> 00:57:13,759
Speaker 3: right because it's like it's unfortunate. But most time people

1279
00:57:13,800 --> 00:57:15,920
Speaker 3: don't really learn until something that happens. And this is

1280
00:57:15,960 --> 00:57:18,200
Speaker 3: like a perfect example of why you should budget, why

1281
00:57:18,240 --> 00:57:20,360
Speaker 3: you should live, why you should live below your means,

1282
00:57:20,560 --> 00:57:22,640
Speaker 3: why you should save for or any day, why you

1283
00:57:22,640 --> 00:57:25,360
Speaker 3: should have outside of insurance. These are all things that

1284
00:57:26,200 --> 00:57:28,720
Speaker 3: a lot of people don't do. But now you see

1285
00:57:28,760 --> 00:57:33,240
Speaker 3: why it's important. And at one point, hopefully in the

1286
00:57:33,280 --> 00:57:35,200
Speaker 3: near future, but at some point we will we will

1287
00:57:35,240 --> 00:57:38,800
Speaker 3: get back to living. We don't know how that's gonna look,

1288
00:57:38,800 --> 00:57:40,440
Speaker 3: but we'll get back to living and people will get

1289
00:57:40,440 --> 00:57:43,000
Speaker 3: back to working. And it's important for people to not

1290
00:57:43,120 --> 00:57:45,960
Speaker 3: forget this. So even if you're not in a position

1291
00:57:46,160 --> 00:57:48,880
Speaker 3: to do this now, when you are in a position,

1292
00:57:49,320 --> 00:57:52,000
Speaker 3: don't forget this. Don't forget to have your emergency fund,

1293
00:57:52,040 --> 00:57:55,120
Speaker 3: don't forget to have your retirement account in order, don't

1294
00:57:55,160 --> 00:57:58,120
Speaker 3: forget to have your insurance. Don't forget all of these

1295
00:57:58,160 --> 00:58:00,800
Speaker 3: different things. Your credit there's another thing we're talking about.

1296
00:58:00,800 --> 00:58:01,080
Speaker 2: Credit.

1297
00:58:01,480 --> 00:58:03,960
Speaker 3: It's something to fall back on. As Cash spoke about

1298
00:58:04,000 --> 00:58:06,000
Speaker 3: that on the Live. It's like, if you have great credit,

1299
00:58:06,320 --> 00:58:08,480
Speaker 3: you lose your job, you can still you can live

1300
00:58:08,520 --> 00:58:10,320
Speaker 3: off of credit for a certain amount of time.

1301
00:58:10,360 --> 00:58:11,880
Speaker 2: A lot of people are not even thinking.

1302
00:58:11,800 --> 00:58:14,520
Speaker 3: It's not the best option, but it's an option. It's

1303
00:58:14,520 --> 00:58:19,800
Speaker 3: better than you know nothing. Yeah, that's the fact. Yeah,

1304
00:58:19,920 --> 00:58:21,600
Speaker 3: so that's one of the first.

1305
00:58:21,440 --> 00:58:21,880
Speaker 2: Things you did.

1306
00:58:21,920 --> 00:58:23,440
Speaker 4: He was like, Yo, I'm about to try to increase

1307
00:58:23,440 --> 00:58:25,440
Speaker 4: my credit limit because like, yo, an event that I

1308
00:58:25,480 --> 00:58:26,040
Speaker 4: need to have it.

1309
00:58:26,240 --> 00:58:27,360
Speaker 2: I want to have it. Yeah.

1310
00:58:27,400 --> 00:58:28,760
Speaker 4: I was like, all right, I'm not the first thing

1311
00:58:28,920 --> 00:58:30,800
Speaker 4: that I'm on that I'm on that time too, let's

1312
00:58:30,960 --> 00:58:31,200
Speaker 4: do it.

1313
00:58:31,240 --> 00:58:33,240
Speaker 3: The first thing when this thing really started to get

1314
00:58:33,320 --> 00:58:36,760
Speaker 3: like crazy weeks ago, the first thing I did was

1315
00:58:36,800 --> 00:58:39,320
Speaker 3: to call all my credit cards, increase my credit limits,

1316
00:58:39,440 --> 00:58:43,400
Speaker 3: take out balanced transfers, twelve month free loan. I don't

1317
00:58:43,440 --> 00:58:48,000
Speaker 3: even need the money, but bunker down, I said I would.

1318
00:58:48,080 --> 00:58:50,760
Speaker 3: I learned that early on when when when it ships

1319
00:58:50,800 --> 00:58:53,600
Speaker 3: the fit, you got to bunker down. You got bunker down,

1320
00:58:53,680 --> 00:58:56,919
Speaker 3: cut all your expenses, not getting no car, not doing

1321
00:58:56,960 --> 00:59:01,040
Speaker 3: nothing right now, like everything is like stack the it's

1322
00:59:01,120 --> 00:59:03,479
Speaker 3: on hold right now because now this is the time

1323
00:59:03,520 --> 00:59:05,560
Speaker 3: to educate yourself. This is another thing too, This is

1324
00:59:05,560 --> 00:59:10,280
Speaker 3: a time to educate yourself. Plan but stack as much

1325
00:59:10,320 --> 00:59:12,040
Speaker 3: money as you possibly can because it's going to the

1326
00:59:12,080 --> 00:59:15,280
Speaker 3: reality of it's gonna be some opportunities. Me personally, I

1327
00:59:15,280 --> 00:59:17,560
Speaker 3: think real estate is gonna fall. I think the stock

1328
00:59:17,600 --> 00:59:18,680
Speaker 3: market's gonna fall again.

1329
00:59:19,400 --> 00:59:22,200
Speaker 4: So we're not gonna let it happen again where there

1330
00:59:22,200 --> 00:59:23,720
Speaker 4: was opportunities and we.

1331
00:59:23,600 --> 00:59:25,960
Speaker 2: Didn't have the income to take advantage.

1332
00:59:26,480 --> 00:59:29,280
Speaker 4: This time around, there's definitely gonna be opportunities and we're gonna,

1333
00:59:29,360 --> 00:59:30,720
Speaker 4: we're gonna, we're gonna make sure we have the income

1334
00:59:30,760 --> 00:59:31,280
Speaker 4: to take advantage.

1335
00:59:31,280 --> 00:59:32,960
Speaker 3: I'll put money in the street. I don't put a

1336
00:59:32,960 --> 00:59:35,040
Speaker 3: lot of money in the street. I don't put a

1337
00:59:35,080 --> 00:59:37,480
Speaker 3: lot of money in the street. Hold you man, it's

1338
00:59:37,520 --> 00:59:40,040
Speaker 3: gonna be a lot of money made. That stock market

1339
00:59:40,080 --> 00:59:43,520
Speaker 3: is gonna stock market and real estate is gonna be

1340
00:59:44,280 --> 00:59:45,320
Speaker 3: prime is gonna be.

1341
00:59:45,720 --> 00:59:49,080
Speaker 4: Just on an educational standpoint for people who are having

1342
00:59:49,080 --> 00:59:51,880
Speaker 4: financial issues, student loan, and we didn't we didn't talk

1343
00:59:51,880 --> 00:59:53,760
Speaker 4: about it, but I'm just really quickly student loan. If

1344
00:59:53,760 --> 00:59:56,920
Speaker 4: you have federal student loans, those have been suspended till September.

1345
00:59:56,960 --> 00:59:58,800
Speaker 4: So if you have a federal student loan, you don't

1346
00:59:58,800 --> 01:00:01,480
Speaker 4: have to do anything. They stop making payments. However, if

1347
01:00:01,520 --> 01:00:03,160
Speaker 4: you would like to still make payments, I know some

1348
01:00:03,200 --> 01:00:05,440
Speaker 4: people in that position were like, you know what, I

1349
01:00:05,440 --> 01:00:08,040
Speaker 4: still want to give my student loans not really crippling

1350
01:00:08,080 --> 01:00:10,280
Speaker 4: me if I pay it. All the money that you

1351
01:00:10,360 --> 01:00:13,040
Speaker 4: pay up from now until September will go directly to

1352
01:00:13,040 --> 01:00:15,720
Speaker 4: the principle, which is important, right, So you're not paying

1353
01:00:15,760 --> 01:00:18,120
Speaker 4: any interest on the money that you pay from now.

1354
01:00:18,000 --> 01:00:18,920
Speaker 2: Until mid September.

1355
01:00:18,960 --> 01:00:20,680
Speaker 4: So if you want to take advantage of that, that's

1356
01:00:20,840 --> 01:00:23,400
Speaker 4: also a great opportunity to tie down some of that

1357
01:00:23,440 --> 01:00:26,880
Speaker 4: student loan because, like you said, credit, credit is important

1358
01:00:27,000 --> 01:00:29,240
Speaker 4: and a lot of people are struggling with their credit

1359
01:00:29,360 --> 01:00:32,200
Speaker 4: because of student loans. So this is a good time

1360
01:00:32,240 --> 01:00:35,960
Speaker 4: if you have the cash to do it, take advantage

1361
01:00:35,960 --> 01:00:36,240
Speaker 4: of it.

1362
01:00:36,360 --> 01:00:39,720
Speaker 3: Yeah, take advantage of everything right now. Yeah, apply for it,

1363
01:00:39,800 --> 01:00:42,440
Speaker 3: take advantage of it because it's out there.

1364
01:00:42,520 --> 01:00:45,360
Speaker 2: Yeah, small business loans, all that, take advantage.

1365
01:00:45,000 --> 01:00:50,600
Speaker 3: Yeah for sure. So yeah, so yeah, that was something

1366
01:00:50,600 --> 01:00:53,240
Speaker 3: that I felt that was needed. You felt like it

1367
01:00:53,280 --> 01:00:56,600
Speaker 3: was needed. You know, we're going to get back to

1368
01:00:56,720 --> 01:00:59,720
Speaker 3: story time and some other entertaining stuff later on, but

1369
01:01:00,080 --> 01:01:01,919
Speaker 3: this was a state of the Union. Yeah, serious times

1370
01:01:02,000 --> 01:01:03,360
Speaker 3: right now. So we just want to make sure that

1371
01:01:03,400 --> 01:01:07,240
Speaker 3: everybody's informed, and we're gonna be doing this periodically. We're

1372
01:01:07,240 --> 01:01:09,160
Speaker 3: gonna get back to like the regular format of the show.

1373
01:01:09,200 --> 01:01:11,360
Speaker 3: There's really no regular format could be changing so much.

1374
01:01:11,400 --> 01:01:14,000
Speaker 3: But you know, but from time to time, I think

1375
01:01:14,000 --> 01:01:16,320
Speaker 3: that it's important kind of like a news outlet where we,

1376
01:01:16,520 --> 01:01:19,560
Speaker 3: you know, inform people of what's going on, how they

1377
01:01:19,560 --> 01:01:21,560
Speaker 3: can take advantage and how they can adapt. And I

1378
01:01:21,560 --> 01:01:23,000
Speaker 3: think right now. More than that, there's a lot of

1379
01:01:23,080 --> 01:01:25,000
Speaker 3: uncertainty in the world that we live in and especially

1380
01:01:25,000 --> 01:01:27,680
Speaker 3: in our community. So it's important that people just are

1381
01:01:27,720 --> 01:01:32,520
Speaker 3: informed first and foremost and hopefully you know, people can

1382
01:01:32,960 --> 01:01:36,200
Speaker 3: you know, benefit actually because this opportunity, there's always opportunity

1383
01:01:36,200 --> 01:01:40,400
Speaker 3: and tragedy unfortunately, and this is no different. There's opportunity.

1384
01:01:40,440 --> 01:01:43,320
Speaker 3: There's a lot of opportunity out here. So the key

1385
01:01:43,400 --> 01:01:45,840
Speaker 3: is to actually, you know, a stay safe, that's that's

1386
01:01:46,040 --> 01:01:52,240
Speaker 3: first and foremost, but also learn, learn and stay informed

1387
01:01:52,240 --> 01:01:52,560
Speaker 3: as well.

1388
01:01:52,640 --> 01:01:54,920
Speaker 4: So we take great responsibility in that. So, I mean,

1389
01:01:54,920 --> 01:01:56,280
Speaker 4: we said that all the time, man like, we want

1390
01:01:56,280 --> 01:01:58,640
Speaker 4: to give information. A lot of people right now, you

1391
01:01:58,680 --> 01:02:00,960
Speaker 4: don't see them that will give three months ago in

1392
01:02:00,960 --> 01:02:03,440
Speaker 4: their respective areas no where.

1393
01:02:03,280 --> 01:02:03,640
Speaker 2: To be found.

1394
01:02:03,720 --> 01:02:04,440
Speaker 3: I'm glad you said that.

1395
01:02:04,480 --> 01:02:06,040
Speaker 4: We want to make sure that we are right in

1396
01:02:06,040 --> 01:02:07,880
Speaker 4: front of y'all giving you all information as we get it.

1397
01:02:07,920 --> 01:02:10,360
Speaker 4: We're reading every day, trust me, with researching and reading

1398
01:02:10,400 --> 01:02:12,600
Speaker 4: every day, and we won't provide y'all with the information

1399
01:02:12,680 --> 01:02:14,160
Speaker 4: as we get it. So we're gonna stay right in

1400
01:02:14,200 --> 01:02:16,520
Speaker 4: front of the camera, right in front of y'all, taking

1401
01:02:16,560 --> 01:02:19,200
Speaker 4: care of our audience. Because there's no us without y'all.

1402
01:02:19,200 --> 01:02:20,720
Speaker 4: So we're gonna we're gonna make sure that we deliver

1403
01:02:20,760 --> 01:02:21,200
Speaker 4: every time.

1404
01:02:21,280 --> 01:02:23,640
Speaker 3: Yeah, and a lot of those guys in real estate,

1405
01:02:24,280 --> 01:02:27,640
Speaker 3: some of them are actually we were cool with. And

1406
01:02:27,920 --> 01:02:29,440
Speaker 3: the thing about it is and that's one of the

1407
01:02:29,480 --> 01:02:32,840
Speaker 3: reasons why we started our private Facebook real Estate group.

1408
01:02:32,880 --> 01:02:34,680
Speaker 3: Shout out to MG the mortgage guy. He's been heading

1409
01:02:34,680 --> 01:02:36,400
Speaker 3: that up for us. He's one of the people that

1410
01:02:36,440 --> 01:02:38,760
Speaker 3: stayed active throughout this whole thing, educating people and give

1411
01:02:38,880 --> 01:02:41,280
Speaker 3: them information. Because it's like we feel like we know

1412
01:02:41,320 --> 01:02:44,400
Speaker 3: we've we've we've done so much with real estate, probably

1413
01:02:44,680 --> 01:02:47,120
Speaker 3: more episodes than any other topic by a long shot,

1414
01:02:48,440 --> 01:02:50,880
Speaker 3: that we wanted to just create a community. So, you know,

1415
01:02:50,920 --> 01:02:54,640
Speaker 3: Eyo University, you know, we have the weekly webinars, and

1416
01:02:54,720 --> 01:02:57,640
Speaker 3: we have the workshops and we have a lot of

1417
01:02:57,680 --> 01:02:59,160
Speaker 3: other stuff. But it was like, how can we add

1418
01:02:59,160 --> 01:03:01,440
Speaker 3: to Eyo universe. Seeing how we decided to add to

1419
01:03:01,520 --> 01:03:05,640
Speaker 3: it is to have the Facebook group real Estate Private

1420
01:03:05,640 --> 01:03:08,000
Speaker 3: real Estate Facebook Group and if you're a member of

1421
01:03:08,040 --> 01:03:10,960
Speaker 3: Eyo University, you get access to that, or you could

1422
01:03:11,000 --> 01:03:14,040
Speaker 3: just join the private Facebook group. And I think that

1423
01:03:14,080 --> 01:03:16,360
Speaker 3: it was something that was needed. Was kind of going

1424
01:03:16,400 --> 01:03:18,600
Speaker 3: back and forth and the Facebook group is just just

1425
01:03:18,680 --> 01:03:21,440
Speaker 3: ring Man. It's Ringing and we just started a few

1426
01:03:21,440 --> 01:03:23,520
Speaker 3: weeks ago and it's it's on fire right now.

1427
01:03:23,560 --> 01:03:25,200
Speaker 2: And we got a lot of alumni in there too,

1428
01:03:25,240 --> 01:03:27,240
Speaker 2: so MAT's running it. But we got a lot of alumni.

1429
01:03:27,280 --> 01:03:29,280
Speaker 2: We got some Brandon rules brand and rules in there.

1430
01:03:29,280 --> 01:03:30,600
Speaker 2: We got extended family in there.

1431
01:03:30,800 --> 01:03:32,240
Speaker 3: Credit credit dude is coming in.

1432
01:03:32,400 --> 01:03:33,520
Speaker 2: Scott's in there.

1433
01:03:33,760 --> 01:03:36,280
Speaker 4: Yeah, so we got we got some some family in there,

1434
01:03:36,440 --> 01:03:37,280
Speaker 4: and we're in this.

1435
01:03:37,360 --> 01:03:40,400
Speaker 3: And we're gonna be doing like weekly webinars exclusively for the.

1436
01:03:40,960 --> 01:03:43,000
Speaker 2: We got a book club, we got a movie book club.

1437
01:03:43,040 --> 01:03:44,600
Speaker 3: And the good thing with that too is that like

1438
01:03:44,600 --> 01:03:46,400
Speaker 3: like MG, the mortgage got like he gives his cell

1439
01:03:46,400 --> 01:03:48,880
Speaker 3: phone number out in that group, so you have direct access.

1440
01:03:48,920 --> 01:03:51,240
Speaker 3: And these are these are discussion boards where it's like, Okay,

1441
01:03:51,360 --> 01:03:53,680
Speaker 3: somebody like I'm buying my first home and I'm trying

1442
01:03:53,720 --> 01:03:55,200
Speaker 3: to get a two three k lo and anybody have

1443
01:03:55,280 --> 01:03:57,600
Speaker 3: some suggestions for contractors and then people are like, oh,

1444
01:03:57,640 --> 01:03:59,560
Speaker 3: you should holler at this person. Was like, it's turned

1445
01:03:59,560 --> 01:04:02,840
Speaker 3: into a real community so fast too, No, very quickly.

1446
01:04:03,280 --> 01:04:06,240
Speaker 3: So if you're interested in joining that, you can go

1447
01:04:06,280 --> 01:04:10,240
Speaker 3: to our website. Eyl university dot com. And we know

1448
01:04:10,320 --> 01:04:12,160
Speaker 3: that times are hard right now, so we actually have

1449
01:04:12,240 --> 01:04:15,520
Speaker 3: a promo code for our earners which is a sixty

1450
01:04:15,560 --> 01:04:20,600
Speaker 3: percent off discount, and that is for eyl University, which

1451
01:04:20,640 --> 01:04:23,400
Speaker 3: gives you access to the Facebook group and it's one

1452
01:04:23,440 --> 01:04:25,800
Speaker 3: hundred and forty nine dollars for the year. Yeah, so

1453
01:04:25,880 --> 01:04:27,760
Speaker 3: I mean that's less than twelve dollars a moth.

1454
01:04:28,040 --> 01:04:32,480
Speaker 4: We got We got sixty five archive already, webinars up

1455
01:04:32,480 --> 01:04:34,800
Speaker 4: on the page, so you're getting a lot of content

1456
01:04:34,960 --> 01:04:37,080
Speaker 4: and you're getting up to date stuff like massing there

1457
01:04:37,160 --> 01:04:40,200
Speaker 4: every day, hitting you up with new information. We're on

1458
01:04:40,320 --> 01:04:42,680
Speaker 4: there doing live webinars. We got a lot of our

1459
01:04:42,720 --> 01:04:45,640
Speaker 4: alumni and special guests coming on doing webinars, so it's

1460
01:04:45,840 --> 01:04:46,600
Speaker 4: tremendous value.

1461
01:04:46,640 --> 01:04:49,680
Speaker 3: Yeah, and we got our new show, We're mastering the

1462
01:04:49,800 --> 01:04:51,760
Speaker 3: Art of Content. So this is the first show that

1463
01:04:51,800 --> 01:04:55,840
Speaker 3: we're producing live. It's a live show every Monday on

1464
01:04:55,960 --> 01:04:59,640
Speaker 3: YouTube at eight o'clock Eastern Standard Time with our guy

1465
01:05:00,040 --> 01:05:04,040
Speaker 3: asked to investor, Ian Dunlapp just finished the first one,

1466
01:05:04,080 --> 01:05:07,280
Speaker 3: which was amazing, and so every Monday, put it on

1467
01:05:07,320 --> 01:05:10,280
Speaker 3: your calendar. It's a live show. You can ask questions

1468
01:05:10,720 --> 01:05:13,240
Speaker 3: on YouTube and then it's saved to our YouTube channel

1469
01:05:13,280 --> 01:05:17,800
Speaker 3: after and that's the first show that we're executivecing under

1470
01:05:17,800 --> 01:05:21,160
Speaker 3: the Eyo umbrella. So shout out to Ian and we're

1471
01:05:21,160 --> 01:05:22,960
Speaker 3: gonna talking about the stock market, every single moning going

1472
01:05:23,000 --> 01:05:27,000
Speaker 3: about the stock markets. Market mondays with Ian. So yeah,

1473
01:05:27,000 --> 01:05:28,800
Speaker 3: we got a lot of stuff going on. We're encouraged.

1474
01:05:28,880 --> 01:05:33,320
Speaker 3: We you know, you guys, stay encouraged. It's important to

1475
01:05:33,400 --> 01:05:35,480
Speaker 3: you know, keep your spirit up right now. Can't get

1476
01:05:35,520 --> 01:05:38,120
Speaker 3: you know, mentally down, Gotta stay up, Gotta stay in

1477
01:05:38,160 --> 01:05:40,200
Speaker 3: a fight, gotta educate yourself now more than other. So

1478
01:05:40,240 --> 01:05:42,919
Speaker 3: we're gonna be producing a whole bunch of content to

1479
01:05:42,960 --> 01:05:44,800
Speaker 3: get you ready when it, when it, when the lights

1480
01:05:44,840 --> 01:05:47,080
Speaker 3: come back on, you can just hit the ground running.

1481
01:05:46,880 --> 01:05:49,280
Speaker 2: Keep your moral high, keep your faith even high.

1482
01:05:49,360 --> 01:05:51,000
Speaker 3: And then some parting words.

1483
01:05:51,280 --> 01:05:53,240
Speaker 4: Yeah, yeah, we just want to say rest in peace

1484
01:05:53,360 --> 01:05:56,240
Speaker 4: to Earl Graves, the founder of Black Enterprise.

1485
01:05:57,240 --> 01:06:00,520
Speaker 2: He was a leader in the entrepren nor world.

1486
01:06:00,560 --> 01:06:02,920
Speaker 4: And we always say that a lot of times, if

1487
01:06:02,960 --> 01:06:05,480
Speaker 4: you can't see something, it's tough to aspire to be it,

1488
01:06:05,520 --> 01:06:07,320
Speaker 4: and he made sure that we did that for decades.

1489
01:06:07,560 --> 01:06:09,120
Speaker 4: So we want to give a rest and peace to

1490
01:06:09,200 --> 01:06:11,480
Speaker 4: him and all the Black Enterprise family. I know his

1491
01:06:11,560 --> 01:06:14,840
Speaker 4: son is running the company now, but Earl is a

1492
01:06:14,880 --> 01:06:17,160
Speaker 4: tremendous pillar in our community so and he's a not

1493
01:06:17,240 --> 01:06:19,200
Speaker 4: more for residents too. So we lost a pillar in

1494
01:06:19,240 --> 01:06:21,360
Speaker 4: our community. So rest and peace to Earl Graves Senior.

1495
01:06:22,120 --> 01:06:23,080
Speaker 4: You'll be truly missed.

1496
01:06:23,360 --> 01:06:27,360
Speaker 3: Yeah espressing peace for sure. You guys, stay safe. Thank

1497
01:06:27,360 --> 01:06:29,120
Speaker 3: you for rocking with us. We'll see you next week.

1498
01:06:29,240 --> 01:06:29,960
Speaker 3: Peace peace.

1499
01:06:32,080 --> 01:06:35,960
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