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

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Speaker 1: the team today?

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

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Speaker 2: Lottery players everything.

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

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

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Speaker 1: made the difference on the field.

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Speaker 4: Hey, little play makes your day, and today it made

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Speaker 4: the game.

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Speaker 1: That's all for now, Coach, one more question play than

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Speaker 1: New Los Angeles Chargers, San Francisco forty nine ers and

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Speaker 1: Los Angeles Rams scratchers from the California Lottery. A little

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Speaker 1: play can make your day. Peace made responsibily. Must be

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

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Speaker 4: If anybody's not familiar.

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Speaker 5: Frank is a correspondent at CNBC, and you know you

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Speaker 5: do a great job all the time, but you had

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Speaker 5: a no, no problem. You did have report a couple

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Speaker 5: of weeks ago about black black net worth in this

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Speaker 5: country and we posted it and uh yeah, it just

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Speaker 5: took off fire all over Instagram, TikTok. A lot of

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Speaker 5: people have different opinions, different views on it, but I

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Speaker 5: think it's important, like I said, to just have a

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Speaker 5: more you know, involved conversation and just like you know,

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Speaker 5: it's a sixty second or thirty second just SoundBite on Instagram.

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Speaker 5: So so yeah, so I wanted to just bring you

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Speaker 5: on and then hopefully we can talk about that and

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Speaker 5: then a few other topics. So I will just bring

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Speaker 5: I will just briefly just go over the stat if

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Speaker 5: anybody is not familiar with what I'm talking about. So

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Speaker 5: the stat was that black spending power reached a record

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Speaker 5: in twenty twenty one one point six trillion dollars. And

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Speaker 5: that's according to the Slag Center at the University of Georgia.

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Speaker 4: Am I pronouncing that right?

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Speaker 6: The Selig Center, Yeah, I mean it's University of Georgia.

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Speaker 5: The University of Georgia, Okay, And that's up since since

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Speaker 5: two thousand, it's up one hundred and seventy one percent.

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Speaker 5: But during that time, Latino spending power is also up

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Speaker 5: two hundred and eighty eight percent, Asians is up three

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Speaker 5: hundred and eighty three percent, and the overall is up

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Speaker 5: one hundred and forty four percent. So that would seem

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Speaker 5: like some level of encouraging news. But what's not encouraging

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Speaker 5: is that, according to the Saint Louis FED, they put

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Speaker 5: out a report on the net worth and black networth

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Speaker 5: is actually down. So that's interesting because it would it

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Speaker 5: would assume that if spending is up, net worth would

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Speaker 5: be up to because there's there's more money. So what

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Speaker 5: they're saying is that the black networth has actually decreased

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Speaker 5: by fourteen percent and is twenty four thousand dollars per family,

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Speaker 5: while the Latino networth has increased one hundred and twelve percent,

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Speaker 5: which is thirty six thousand per family. The white networth

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Speaker 5: has increased six percent and is one hundred and eighty

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Speaker 5: nine thousand dollars per family. So all right, so yes,

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Speaker 5: let's let's unpack this a little bit, frank. So, Okay,

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Speaker 5: this information comes from the FED. Uh and if you're

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Speaker 5: not familiar that the Saint Louis FED is one of

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Speaker 5: the twelve branches of the FED. They have fed twelve

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Speaker 5: branches of FED banks. And to my understanding, how they

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Speaker 5: actually collect this data is like through surveys. I'm it's

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Speaker 5: like it's like political polling, what kind of similar situation

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Speaker 5: like that? Right, So, but how do we come about

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Speaker 5: this number to say, Okay, spending is up, but networth

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Speaker 5: is down. That's a little disturbed. That's very disturbing. I

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Speaker 5: would just assume that it's not enough assets being acquired.

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Speaker 5: Would you say the same thing.

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Speaker 7: I mean, I think it really comes down to your slogan, man,

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Speaker 7: assets of reliabilities. If you're spending that money on things

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Speaker 7: that don't appreciate and value, that lose their value and

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Speaker 7: you drive it off the lot or in some cases

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Speaker 7: as soon as you put on your wrists. You guys

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Speaker 7: are talking about you know, high end from the dealer watches.

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Speaker 7: But if you're spending on other things that don't gain

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Speaker 7: value over time, then your money's going out. But you're

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Speaker 7: not building wealth. It's just it's not even any more

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Speaker 7: complicated than that. And you see the numbers for other people,

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Speaker 7: other groups, I should say, they're spending their money on

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Speaker 7: things that appreciate, whether it's houses, investing in businesses, stocks, crypto,

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Speaker 7: a lot of things you talk about on this podcast.

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Speaker 6: All the time.

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Speaker 8: Working for you.

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Speaker 9: If we have an honest conversation, do you think that

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Speaker 9: we truly want to be free?

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Speaker 8: And can the Rachel wealve got be close?

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Speaker 6: Absolutely? Absolutely?

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Speaker 7: Man, Like, I don't know about all you guys your backgrounds,

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Speaker 7: but I know I didn't grow up in a house

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Speaker 7: where anybody at a college degree. We were probably unbanked

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Speaker 7: before that term even existed. You know, I used to

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Speaker 7: have to be embarrassed and spend stamps at the store.

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Speaker 7: Sometimes I didn't know anything about stocks or credit or

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Speaker 7: you know, much more than a checking and a savings account.

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Speaker 8: And then you need to.

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Speaker 7: Try and go to college and be a doctor over

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Speaker 7: That's all the nuance I had about financings.

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Speaker 6: So the more you know and more educated you've become,

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Speaker 6: the more enlightened you are.

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Speaker 7: Not only do you learn about these you know, these

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Speaker 7: these tempole things like stocks and housing, you learn about

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Speaker 7: other ways to make money, all finance, real estate. Like

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Speaker 7: you're just talking to about watches, maybe even comic books.

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Speaker 7: You're mentioned a handbags a short time ago. If you

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Speaker 7: look at companies like stock X and Goat and Stadium Club,

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Speaker 7: they're getting in the handbag handbag business, they're not doing

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Speaker 7: it because they're losing money. So you have to just

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Speaker 7: broaden your sense of what an investment is. But you

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Speaker 7: have to start off with the tempole things stocks, homes,

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Speaker 7: four oh one K bonds. I know, bonds are the

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Speaker 7: most boring thing in the world, and trust me, I

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Speaker 7: don't like to even read them about them or talk

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Speaker 7: about them that often. But they're a safe investment. There's

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Speaker 7: some things that my colleague John Ford, he actually highlighted

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Speaker 7: this to me. I bonds, they're inflation bonds. They're bonds

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Speaker 7: that keep up with inflation. It's almost impossible to lose money.

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Speaker 7: And until you become a more sophisticated investor, you don't

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Speaker 7: really know about these things. So, and back to your question,

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Speaker 7: long answer. Absolutely, we all want to be free. Everybody

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Speaker 7: wants to have power over their own life and the

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Speaker 7: ability to secure the future of their family.

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Speaker 6: Every person in this.

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Speaker 10: World, Frank so we I mean we're at the forefront.

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Speaker 10: I feel like of a financial revolution. Obviously, you know,

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Speaker 10: we've been teaching financial literacy and amongst other people in

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Speaker 10: the space. When I heard the report, slightly surprised. But

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Speaker 10: you've been in this business a lot longer on the

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Speaker 10: on the broadcast the side of it. What was your

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Speaker 10: initial reaction to it and what are your thoughts right

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Speaker 10: because I feel like when we're going meeting people, I

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Speaker 10: hear a lot of more people that look like us

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Speaker 10: are actually investing. They have real estate, they're in stocks.

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Speaker 10: Is it a fair assessment a forecast with the future?

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Speaker 11: What are your thoughts.

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Speaker 6: I mean, tey, I'm gonna stop you. First off, good

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Speaker 6: to mean you.

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Speaker 8: Man.

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Speaker 6: We're not in the same business man. You guys are

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Speaker 6: doing some phenomenal work.

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Speaker 8: Man.

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Speaker 7: First, you have people learning about things, and you have

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Speaker 7: people talking about things, and then you have people talking

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Speaker 7: to other people about things that are actually meaningful. These

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Speaker 7: two different business I report on things that happen. I

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Speaker 7: have the fortune of work in the CNBC. We do

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Speaker 7: a lot of forward looking in reporting to put out information.

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Speaker 7: It's actionable and investable. But what you guys are doing, man,

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Speaker 7: is really just phenomenal. In this movement you started is amazing.

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Speaker 7: I agree with you with disturbing. I think the most

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Speaker 7: disturbing thing is that Black people sometimes we feel like

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Speaker 7: we're doing better, but when you look at the numbers,

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Speaker 7: and yeah, numbers can lie. Sometimes it doesn't really look

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Speaker 7: like that. You know, fifty years ago, more black people

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Speaker 7: own houses. I assured you the stats, right, they're twenty

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Speaker 7: people twenty years ago, more black people own houses. Black

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Speaker 7: home ownership has declined by three percent since two thousand

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Speaker 7: and Some of that is tied to while we have

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Speaker 7: less networks, but there are actually some other reasons. Some

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Speaker 7: of its spending. I mean, I think a lot of us.

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Speaker 7: Know somebody who just posted a picture from Tuloom or something.

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Speaker 4: Yeah, right, so you've noticed.

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Speaker 7: Yeah, you know we are in the same business, right,

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Speaker 7: Like you get into loom. You know what I'm saying,

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Speaker 7: Like you don't have your money in the bank. And

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Speaker 7: another stat that was in that report on the back

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Speaker 7: end of day. Every year, black families accumulate three hundred

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Speaker 7: billion dollars less in wealth than white families every single year.

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Speaker 7: So that racial wealth gap is growing. A lot of

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Speaker 7: it is inherent. And I want to speak from personal experience.

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Speaker 7: My mom went to heaven a few years ago. She

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Speaker 7: was an amazing woman. She dropped out of high school

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Speaker 7: to have me. I do have a great dad too.

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Speaker 7: I don't ever want to leave him out. You got

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Speaker 7: to always mention fathers. But dropped out of high school

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Speaker 7: to have me. She was a secretary, eventually worked her

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Speaker 7: way to having a great job in construction, then opened

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Speaker 7: up her own construction company. Definitely a success story. She

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Speaker 7: learned about stocks, she learns about mortgages, but we never

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Speaker 7: did our wills. And I had the good fortune of

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Speaker 7: being an only child, so there was no dispute, there

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Speaker 7: was no problems. But for a lot of people, they

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Speaker 7: actually lose wealth when the person they love passes away.

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Speaker 7: And I'm sure that person wants to take care of

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Speaker 7: their family and make that transition and that time of

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Speaker 7: grief easier, but a lot of us just don't have wills.

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Speaker 7: There's a lot of people that can't afford to bury

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Speaker 7: their relatives and they pass away.

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Speaker 6: Imagine that.

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Speaker 5: You know, this is a very this is a very

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Speaker 5: important conversation, and you're touching on a lot of topics,

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Speaker 5: and the transfer of wealth process is something that we

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Speaker 5: definitely and that's something that we've been trying to hammer home,

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Speaker 5: hammer home about bills and trust and life insurance and

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Speaker 5: power of attorneys and healthcare proxies. And yes, there's a

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Speaker 5: lot of different it's it's not a lot of times

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Speaker 5: people look at numbers and they say that's not true.

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Speaker 5: And I can understand the disbelief because obviously, you know,

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Speaker 5: our history in this country is it causes for you know,

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Speaker 5: certain concern for not you know, fully believing things. That's

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Speaker 5: completely understandable. But I would say this as a financial

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Speaker 5: I used to be a financial advisor for twelve years

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Speaker 5: before I did this, and the most alarming thing for

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Speaker 5: me was actually seeing the difference between black people and

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Speaker 5: white people when it comes to wealth. What I mean

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Speaker 5: by that is, you know, coming in and I'm working

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Speaker 5: in a financial planning firm and pretty much everybody is white,

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Speaker 5: and you know, the guys are telling me like, you know,

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Speaker 5: I got fifty million dollars adds under management one hundred

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Speaker 5: and two hundred million, And I'm trying to educate, like

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Speaker 5: be educated, like well, how did you do that? And

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Speaker 5: they're like, well, all you need is a couple of people,

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Speaker 5: Like one person gives you four hundred thousand dollars to manage,

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Speaker 5: another person gives you five hundred thousand dollars to manage.

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Speaker 5: You know, before you got it, you got before you

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Speaker 5: know you have a million. Then you know, somebody else

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Speaker 5: gives you seven hundred thousand. And I'm thinking, like, I

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Speaker 5: don't know anybody that has ten thousand dollars, Like I

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Speaker 5: don't know anybody that has two hundred thousand dollars to

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Speaker 5: just give me to invest.

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Speaker 4: But I realized that in America it's.

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Speaker 5: Still very segregated as far as like where we are,

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Speaker 5: so the people that we we are around people similar

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Speaker 5: to us. So you don't even fully realize what's going

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Speaker 5: on on the other side of the playing field. So

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Speaker 5: you don't even have a full perspective of how why

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Speaker 5: the wealth gap is because you're not really exposed to

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Speaker 5: that on a daily basis, Right, You're not really exposed

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Speaker 5: to people that have millions of dollars that they can

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Speaker 5: just invest at any point in time and they can

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Speaker 5: just buy a home or they can just buy anything

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Speaker 5: that they want. Most of the time, you're not really

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Speaker 5: exposed to that, and most of the time you're exposed

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Speaker 5: to you know, your environment. So if you're in a

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Speaker 5: blue class working environment, then that's who you're around, and

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Speaker 5: that's who you're exposed to, and that's kind of become normal.

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Speaker 5: But for other people, that's not really normal. So there

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Speaker 5: is a huge disparity in this country when it comes

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Speaker 5: to wealth. Because I mean, I don't need I don't

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Speaker 5: even need to see a survey. I actually saw it.

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Speaker 5: I worked in financial services for twelve years, and I

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Speaker 5: saw from the white financial advisors their clients, and the

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Speaker 5: black financial advisors and their clients. And of course most

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Speaker 5: of the black financial advisors ninety nine percent of their

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Speaker 5: clients were black. Most of the white financial advisors ninety

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Speaker 5: nine percent of their clients were white. Most of the

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Speaker 5: black financial advisors they were dealing with five to twenty

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Speaker 5: nine plans and IRA rollovers. You know, they wasn't really

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Speaker 5: dealing with millions of dollars of investable assets. They just

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Speaker 5: wasn't because their clients didn't have that type of money.

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Speaker 5: Where the white investors, the white financial advisors, it was

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Speaker 5: a completely different story. So, you know, I think a

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Speaker 5: lot of times we do have to question things, but

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Speaker 5: we also have to understand that some of the stuff

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Speaker 5: actually comes with a certain level of truth to it.

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Speaker 4: So it's like, how can we fix the problem as.

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Speaker 5: Opposed to just saying it's not true, because it's like

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Speaker 5: you're not really qualified to say it's not true unless

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Speaker 5: you actually know it's.

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Speaker 7: Not true, right, I mean, some of it is systemic.

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Speaker 7: Let's not ever overlook that some of the systemics some

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Speaker 7: of the wealth of our communities and intentionally pulled out

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Speaker 7: or we've been blocked from the means to actually attain

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Speaker 7: it and hold on to it.

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Speaker 4: Period.

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Speaker 7: But that does an excuse everything. Some of it is

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Speaker 7: spending And Troy was laughing. I was laughing about the

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Speaker 7: to Loon pictures. I mean, my timeline is flooded, like

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Speaker 7: right now. Sometimes you got to decide how you want

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Speaker 7: to spend your money, where you want to spend your money.

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Speaker 7: And as you mentioned, it's also some of it's the

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Speaker 7: company you keep. If you're around nine broke people, you're about.

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Speaker 6: To be the tem Well.

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Speaker 5: It's also it's also a matter of education and being

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Speaker 5: locked out of certain opportunities in certain doors as well,

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Speaker 5: because even working in the financial services industry and seeing

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Speaker 5: different things a I realized that that's one of the

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Speaker 5: reasons why we started this platform. A lot of people

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Speaker 5: just weren't for educated and they did they were not

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Speaker 5: aware of different things. So that that is a major

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Speaker 5: hurdle right there. We still haven't gotten through to everybody yet.

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Speaker 5: And then also what I want to talk about too

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Speaker 5: is that we talked about like the Black Network they

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Speaker 5: talking with The Guardian released the report that it will

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Speaker 5: be zero in like thirty years, and Andrew Yang it

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Speaker 5: said something that was extremely powerful where he talked about

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Speaker 5: economic tsunami hitting and it's going to hurt the black

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Speaker 5: community more than anything.

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Speaker 4: We talk about tech. So you know, when we talk

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Speaker 4: about these different things.

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Speaker 5: Where it's like, all right, we know that a lot

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Speaker 5: of jobs are going to be lost through tech. Inflation

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Speaker 5: is at you know, record levels right now, right, So

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Speaker 5: these are all things that even if you have education

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Speaker 5: on financial literacy and you're not wasting your money, if

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Speaker 5: you're not skilled, if you're not a skilled worker or

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Speaker 5: a high level entrepreneur, you're still you're still not going

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Speaker 5: to really make a difference in this situation because it's

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Speaker 5: like most of our entrepreneurs are more lower level entrepreneurs

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Speaker 5: where it's really like you're just kind of working for

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Speaker 5: yourself and you're not really making any money. And then

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Speaker 5: most of the workers are not skilled workers, so you know,

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Speaker 5: they can easily be replaced and they're not making a

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Speaker 5: substantial amount of money, like they're not like brain surgeons

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Speaker 5: and not you know, people that's working in Silicon Valley.

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Speaker 5: You look at Silicon Valley and almost less than one

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Speaker 5: percent of the people that's actually working there are black.

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Speaker 4: Did we lose Frank?

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Speaker 11: I think we've lost Frank. Yeah, I think so he didn't.

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Speaker 5: Go to lom Hope not but yin that's like gain

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Speaker 5: but while he comes back because that's a conversation that

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Speaker 5: that's not really talked about enough either skilled workers, skilled

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Speaker 5: workers and high level entrepreneurs. That's what we should be

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Speaker 5: focused on.

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Speaker 11: Let me just give you a statistic really quick.

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Speaker 10: So it's a great point you said, because approximately out

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Speaker 10: of six point seven million black workers, forty two percent

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Speaker 10: of the workers currently hold jobs that could be subject

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Speaker 10: to disruption by twenty thirty.

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Speaker 11: That's eight years from now. So you're talking about millions.

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Speaker 10: Of people that could literally if they don't have a skill,

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Speaker 10: they could be their skill could be automated. Now they

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Speaker 10: don't have a job, and if they don't learn anything

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Speaker 10: in the entrepreneurial.

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Speaker 11: World, then what do they do.

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Speaker 4: You're in trouble.

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Speaker 11: You're in big trouble. And that's why I say, yeah,

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Speaker 11: I mean I'm a.

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Speaker 5: Door skive a report. Frank's computer crashed, so he's restarting it.

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Speaker 10: Okay, Yeah, And this is why we had this conversation

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Speaker 10: a few weeks ago, and we were like, look, if

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Speaker 10: we don't learn a skill, if we don't properly educate

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Speaker 10: ourselves over the next two to three years in investment, right,

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Speaker 10: we always talk about it's gonna be tough to work

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Speaker 10: your way to wealth if we don't want a skill

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Speaker 10: right over the next two to three years. Or invest

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Speaker 10: in asset class like a new one like crypto cursory,

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Speaker 10: or invest in the stock market. And our jobs are

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Speaker 10: being replaced. Where is the money gonna come from?

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Speaker 5: And somebody said, what's skilled coding. That's a high level

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Speaker 5: skill that will get you a high paying job right now,

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Speaker 5: even if you don't have no how to invest.

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Speaker 9: Yeah, that the one No one ever talks about being

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Speaker 9: the most reliable in your industry.

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Speaker 8: That's what I always say. Those emails don't matter.

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Speaker 9: Go look at the Forwards list top five hundred people.

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Speaker 9: They have a unique gift that most people don't have.

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Speaker 9: And I know some of you be like, damn, you

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Speaker 9: always be granting. I don't think you guys really like

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Speaker 9: the people that I'm around. So when I was with

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Speaker 9: Gary V. Grant's set a shot of Mike Boyd, all

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Speaker 9: of those conversations are about you need a baseline of

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Speaker 9: one hundred million minimum, please secure. Ross told them ten

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Speaker 9: on SS of a liability on revote. I'll feel tight

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Speaker 9: with ten million.

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Speaker 8: People don't want to tell you the truth.

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Speaker 9: So when I get on here and rant, you guys

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Speaker 9: are like, yo, man, we're shot in I mean shot Troit.

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Speaker 9: Please tell youan to calm down. It's not that serious.

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Speaker 9: If you have less than one point five million, you

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Speaker 9: have two kids, you're broke. It is that damn serious.

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Speaker 9: Then we have to have a collective conversation as a community.

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Speaker 9: What are we going to do collectively to be okay?

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Speaker 9: Because it's not okay If two out of ten of

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Speaker 9: us invest and save money not enough.

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Speaker 8: And I'm gonna be real.

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Speaker 9: The Jim Jones, I love Jim. That bothered me though

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Speaker 9: I couldn't get water in Gucci. The answer is to

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Speaker 9: quit buying Gucci product. All those are slave names, Tiffany

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Speaker 9: and Cole. You brought your girl of Tiffany braces and

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Speaker 9: you're black. They were the ones who made the slave

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Speaker 9: jewelry for the slaves when they came over in a boat.

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Speaker 9: But y'all want to tell me about my attitude. I'm free.

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Speaker 9: We have to collectively decide and this is the issue.

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Speaker 9: I'm gonna be real. A lot of all in corporate

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Speaker 9: to the black that are from the suburbs. Man, the

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Speaker 9: ones in the trap and the trenches want this a

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Speaker 9: lot better than y'all. You're comfortable. We have to collectively build, don't.

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Speaker 11: Mess with Mikey. No, it's a fact. And they were saying,

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Speaker 11: I'm glad that I'm looking at the earners in the chat.

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Speaker 11: They're like, what skills? What skills? We talk about a

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Speaker 11: lot of companies here that you should be.

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Speaker 8: Building the business. Those are the only three.

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Speaker 10: When we talk about Amazon and were talking about Microsoft,

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Speaker 10: we always talk about their cloud business. Right, that's not

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Speaker 10: going anywhere. Right, That's something that you should be looking into.

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Speaker 10: Engineering is something you should be looking into. Cybersecurity. It's

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Speaker 10: like these are career like. It's around everything that we

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Speaker 10: talk about. That what makes those companies run? What makes

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Speaker 10: those companies? What makes Microsoft run? What makes Apple run?

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Speaker 10: What makes a m D run? Computer chips?

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Speaker 5: What makes all of these companies that you invested in

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Speaker 5: that to the top, these top companies, Tesla, What makes

390
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Speaker 5: those companies run? You can just reverse engineering, right, and

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Speaker 5: those are the skills that are critical and will be

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Speaker 5: even more critical in the next twenty years.

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Speaker 11: Y'all know it's dope.

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Speaker 10: I can't see the YouTube comments, but y'all know, right,

395
00:18:34,760 --> 00:18:35,840
Speaker 10: somebody just typed healthcare.

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Speaker 11: Of course, we just can't.

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Speaker 10: We're still in the end of a pandemic, right, like

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Speaker 10: healthcare think about that, and we talk about companies in

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Speaker 10: these fields, in these sectors. So on top of saying

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Speaker 10: like okay, yeah, we can own a piece of the company,

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00:18:48,359 --> 00:18:50,840
Speaker 10: Yeah you might if you're still working, let's try to

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Speaker 10: find a skill that we can actually become part of

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Speaker 10: the company and be an investor inside of it as well.

404
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Speaker 11: Let's let's let's take all all the pieces on the table.

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Speaker 9: Why not, And if you are longer than twenty five

406
00:19:01,040 --> 00:19:03,600
Speaker 9: years old, please write this down or fusion. It's one

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Speaker 9: of the most important spaces you need to learn and

408
00:19:05,480 --> 00:19:10,480
Speaker 9: read about, because then if we can take hiders and

409
00:19:10,560 --> 00:19:14,400
Speaker 9: Adams and spend them with other things and make cleaner

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00:19:14,480 --> 00:19:19,480
Speaker 9: energy out of them, that's going to be incredibly important.

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Speaker 9: This is why I always stress you guys read and

412
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Speaker 9: tell me like, hey, I can't read five hundred pages.

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00:19:23,680 --> 00:19:25,919
Speaker 9: I guarantee you took your ass to the mall to

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00:19:25,960 --> 00:19:28,080
Speaker 9: get your girl a gift tonight, so you can get

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Speaker 9: what you need to get at the end of the night.

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Speaker 8: King God want hit on excuses.

417
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Speaker 9: Now you can do what happen if she comes to

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Speaker 9: the ey meet up and lebron never you know with

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Speaker 9: Tristan shout out.

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Speaker 8: Tristan he glowing.

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Speaker 9: Some of these people in person look like gods and goddesses.

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Speaker 9: I don't know that you and your mama and your

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Speaker 9: whole mama side of her family don't have to work.

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Speaker 8: That's a good pitch to open up with.

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Speaker 4: It's a good pitch.

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Speaker 5: Get on your craft, king, if you, if you, if

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Speaker 5: you're significant other's phone is on silent over with, it's

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Speaker 5: a bad red flag. Tonight, if it's if it's play,

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Speaker 5: if it's if it's just night, because it's only even

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Speaker 5: if you're on the silent notification.

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Speaker 11: Not tomorrow. As another flag there, yo, yo, we can

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Speaker 11: give up tomorrow.

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Speaker 4: If you're on silent notification and you have to.

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Speaker 9: Really got an eyebrows threaded at twelve, she may not

435
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Speaker 9: have anyway if she had the lash point by one.

436
00:20:23,280 --> 00:20:25,600
Speaker 9: Let me see you on the spot, baby, because tim

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Speaker 9: Ton with no car man gave her eighty eight minutes

438
00:20:27,880 --> 00:20:28,760
Speaker 9: a quality time.

439
00:20:28,800 --> 00:20:29,400
Speaker 8: You know what I'm saying.

440
00:20:29,480 --> 00:20:30,200
Speaker 6: You gotta be careful.

441
00:20:30,680 --> 00:20:33,160
Speaker 8: Check all investments. I'll check my investments three times a day.

442
00:20:33,800 --> 00:20:38,120
Speaker 8: All trading has considerable risk. Please consult your advisor. Maybe

443
00:20:38,800 --> 00:20:40,920
Speaker 8: last you said dating has consivable risk.

444
00:20:41,080 --> 00:20:47,280
Speaker 10: Trading trading dating to both both extreme happy Valentine's Frank

445
00:20:47,320 --> 00:20:48,560
Speaker 10: welcome back, welcome.

446
00:20:48,240 --> 00:20:51,560
Speaker 6: Back, Thank you man. You know compuity frank Man.

447
00:20:52,119 --> 00:20:53,119
Speaker 8: Little comedy segment.

448
00:20:53,400 --> 00:20:54,919
Speaker 4: We do this every now and then there, you know,

449
00:20:54,960 --> 00:20:56,320
Speaker 4: we're just trying to just light in the move a

450
00:20:56,320 --> 00:21:00,240
Speaker 4: little bit. Frank. But are you're from Philly originally? Yeah,

451
00:21:00,320 --> 00:21:02,679
Speaker 4: from Philly, Philly shoutut to Philly.

452
00:21:02,920 --> 00:21:06,560
Speaker 5: So working, always shut out, working in seeing the Philly

453
00:21:06,760 --> 00:21:10,040
Speaker 5: you know, obviously blue collar town, very very blue college

454
00:21:12,560 --> 00:21:16,359
Speaker 5: working in CNBC and being around you know, a different

455
00:21:16,440 --> 00:21:18,520
Speaker 5: level of wealth than I'm assuming you grew up around.

456
00:21:19,160 --> 00:21:22,119
Speaker 5: What's the different level of conversation that you that you hear?

457
00:21:22,160 --> 00:21:24,119
Speaker 5: That's that's the kind of stuff that I'm always interested in. Like,

458
00:21:24,200 --> 00:21:27,520
Speaker 5: you know, you you're around people that millionaires, billionaires, extremely

459
00:21:27,560 --> 00:21:30,320
Speaker 5: high level, you know, people in Wall Street. Like, what's

460
00:21:30,359 --> 00:21:33,240
Speaker 5: the level of conversation that you're hearing that you know

461
00:21:34,320 --> 00:21:36,480
Speaker 5: most people are not aware of that's taking place.

462
00:21:37,000 --> 00:21:38,600
Speaker 6: Well, let me back it up for a minute minute.

463
00:21:38,800 --> 00:21:40,560
Speaker 7: You know, I did grow up my parents for teenagers

464
00:21:40,560 --> 00:21:42,959
Speaker 7: when they had me, but talking about alternative investments, they

465
00:21:43,000 --> 00:21:46,560
Speaker 7: really invested in education. Like I went to a Monassory kindergarten,

466
00:21:46,960 --> 00:21:50,560
Speaker 7: I went to a new school, I eventually got a

467
00:21:50,600 --> 00:21:52,840
Speaker 7: scholarship to a Friends school, which is a Quaker school

468
00:21:52,840 --> 00:21:53,480
Speaker 7: in Philadelphia.

469
00:21:53,560 --> 00:21:54,800
Speaker 6: It's a really good private school.

470
00:21:55,040 --> 00:21:57,200
Speaker 7: So I've had the fortune of being around people from

471
00:21:57,240 --> 00:22:01,320
Speaker 7: all different classes, like Chelsea's husband I went to school with,

472
00:22:01,600 --> 00:22:03,359
Speaker 7: you know what I mean, Like people like that, you

473
00:22:03,400 --> 00:22:05,040
Speaker 7: know what I mean, the kids of congress people and

474
00:22:05,040 --> 00:22:07,359
Speaker 7: stuff like that. So I've had that good fortune. CNBC's

475
00:22:07,359 --> 00:22:09,440
Speaker 7: obviously at next level. I need to talk to CEOs,

476
00:22:09,480 --> 00:22:14,160
Speaker 7: CFOs billionaires sometimes, and you know what, man, you'd be surprised.

477
00:22:14,160 --> 00:22:15,920
Speaker 7: The small talk is very similar to the small talk

478
00:22:15,960 --> 00:22:18,720
Speaker 7: we all have about sports and things like that. But

479
00:22:18,760 --> 00:22:21,920
Speaker 7: when they're talking about higher level things, they're just they've

480
00:22:21,920 --> 00:22:24,040
Speaker 7: read then more, you know what I mean, Like they

481
00:22:24,119 --> 00:22:26,560
Speaker 7: have a deeper conversation. You know, sometimes you talk to

482
00:22:26,600 --> 00:22:28,600
Speaker 7: somebody and you bum themto somebody like, man, I'm a

483
00:22:28,640 --> 00:22:29,240
Speaker 7: buy some doves.

484
00:22:29,280 --> 00:22:30,440
Speaker 6: You like, yeah, I'm about them too.

485
00:22:30,600 --> 00:22:32,720
Speaker 7: They're not talking like that, man, They're talking about, you know,

486
00:22:32,800 --> 00:22:35,600
Speaker 7: the long term utility of the cryptocurrency and which one

487
00:22:35,640 --> 00:22:37,200
Speaker 7: is going to make the transfer in the web three

488
00:22:37,720 --> 00:22:38,399
Speaker 7: and things like that.

489
00:22:38,760 --> 00:22:40,480
Speaker 6: But that's really the difference. We all talk about the

490
00:22:40,480 --> 00:22:40,880
Speaker 6: same things.

491
00:22:40,880 --> 00:22:42,280
Speaker 7: And I said it before we all want a better

492
00:22:42,359 --> 00:22:44,400
Speaker 7: quality of life and secure the future of our families.

493
00:22:44,600 --> 00:22:46,639
Speaker 6: At the end of the day, that's what everybody wants.

494
00:22:47,440 --> 00:22:49,080
Speaker 11: Yes, let's switch.

495
00:22:50,520 --> 00:22:52,640
Speaker 9: Go ahead of Yeah, I want to get to some

496
00:22:52,680 --> 00:22:55,000
Speaker 9: solutions for those who want them to courage to wealth

497
00:22:55,000 --> 00:22:57,560
Speaker 9: gap is a level point two trillion.

498
00:22:58,160 --> 00:22:59,879
Speaker 8: I think it's forty four points.

499
00:23:00,160 --> 00:23:02,320
Speaker 6: Yes, it's at least eleven point two.

500
00:23:02,600 --> 00:23:06,440
Speaker 7: If you talked to William Darty from University University of

501
00:23:06,800 --> 00:23:09,800
Speaker 7: Duke University, their business school, he says it could be

502
00:23:09,800 --> 00:23:11,720
Speaker 7: even greater. It really depends on the math that you

503
00:23:11,840 --> 00:23:14,199
Speaker 7: use and the formula that you use. And he's a

504
00:23:14,240 --> 00:23:16,440
Speaker 7: big believer that the biggest cause of it is the

505
00:23:16,440 --> 00:23:18,440
Speaker 7: systemic racism. I want to make sure because I often

506
00:23:18,520 --> 00:23:19,919
Speaker 7: cite his research, I want to make sure I give

507
00:23:20,000 --> 00:23:22,760
Speaker 7: him credit. William Derrety, doctor Williamarety at Duke University.

508
00:23:24,080 --> 00:23:26,320
Speaker 9: So, what are two things we can do tonight collectively

509
00:23:26,640 --> 00:23:30,760
Speaker 9: as a community to get the ball rolling to overturn.

510
00:23:32,440 --> 00:23:32,840
Speaker 8: That gap.

511
00:23:33,600 --> 00:23:36,200
Speaker 7: You know, I'm not an expert. I'm gonna refer to research.

512
00:23:36,200 --> 00:23:38,480
Speaker 7: I'm not an expert myself. One of the big things

513
00:23:38,480 --> 00:23:40,000
Speaker 7: we can do that all of us can do today

514
00:23:40,160 --> 00:23:42,119
Speaker 7: is just spend more money with black businesses.

515
00:23:42,240 --> 00:23:43,960
Speaker 6: I mean, it's not even more complicated than that.

516
00:23:44,200 --> 00:23:47,320
Speaker 7: It's keeping more money within the black community circulating. And

517
00:23:47,359 --> 00:23:50,439
Speaker 7: it's also just not being afraid to do business and

518
00:23:50,600 --> 00:23:52,639
Speaker 7: talk about business with each other. I think that's one

519
00:23:52,680 --> 00:23:54,680
Speaker 7: of the two big things. Like a lot of times,

520
00:23:54,720 --> 00:23:56,840
Speaker 7: and I've been guilt to this myself. I'm never talking

521
00:23:56,840 --> 00:23:59,040
Speaker 7: from a high horse. I've done this myself. I'm scared

522
00:23:59,040 --> 00:24:00,720
Speaker 7: of telling of the black person how much money I

523
00:24:00,760 --> 00:24:03,119
Speaker 7: make when they're applying to my job. I'm scared to

524
00:24:03,160 --> 00:24:04,879
Speaker 7: tell them, you know what I mean, Like, yeah, I

525
00:24:04,960 --> 00:24:06,400
Speaker 7: ask for these perks and stuff.

526
00:24:06,680 --> 00:24:08,320
Speaker 6: You know what I mean? Why can't Why won't I

527
00:24:08,359 --> 00:24:09,160
Speaker 6: tell you? You know what I mean?

528
00:24:09,160 --> 00:24:12,240
Speaker 7: It's really, nine times out of ten a favorite nation thing.

529
00:24:12,320 --> 00:24:14,200
Speaker 7: Once two or three of us get it. At everybody

530
00:24:14,320 --> 00:24:15,920
Speaker 7: get it, but we feel like we want to hold

531
00:24:15,920 --> 00:24:18,600
Speaker 7: on to the information and hold on to the benefits.

532
00:24:18,640 --> 00:24:20,639
Speaker 7: But I had a friend of mine, you know, he

533
00:24:20,720 --> 00:24:22,560
Speaker 7: just fled out, told me, you're applying this job, here's

534
00:24:22,560 --> 00:24:24,800
Speaker 7: how much I make, Here's how much you should ask for.

535
00:24:25,400 --> 00:24:27,480
Speaker 7: And I mean, just that information can push us to

536
00:24:27,520 --> 00:24:28,119
Speaker 7: the next level.

537
00:24:29,200 --> 00:24:32,119
Speaker 5: Frank, let's switch gears a little bit and on a

538
00:24:32,160 --> 00:24:38,240
Speaker 5: more positive note, let's talk about black Mecca, the great

539
00:24:38,280 --> 00:24:40,720
Speaker 5: city of Atlanta, Georgia. Shout out to Atlanta. We will

540
00:24:40,760 --> 00:24:42,879
Speaker 5: be there this week. That's like our second home. So

541
00:24:43,080 --> 00:24:45,280
Speaker 5: it actually just ties in perfectly because we were just

542
00:24:45,320 --> 00:24:50,600
Speaker 5: talking about high end jobs tech, not enough skilled tech workers.

543
00:24:51,200 --> 00:24:56,000
Speaker 5: But Atlanta actually is leading the charge for a black

544
00:24:56,080 --> 00:24:59,960
Speaker 5: tech hub. Twenty seven percent of tech workers in Atlanta

545
00:25:00,119 --> 00:25:02,920
Speaker 5: to are black. That is the highest in the nation.

546
00:25:03,080 --> 00:25:05,120
Speaker 5: Like I said, I think in Silicon Valley it's like less.

547
00:25:04,920 --> 00:25:05,560
Speaker 11: Than one percent.

548
00:25:05,880 --> 00:25:08,240
Speaker 4: So in Atlanta is twenty seven percent of the tech

549
00:25:08,240 --> 00:25:08,960
Speaker 4: workers are black.

550
00:25:09,600 --> 00:25:11,080
Speaker 5: So let's talk about this because you did it. That

551
00:25:11,200 --> 00:25:13,719
Speaker 5: was another report that you did. It didn't get as

552
00:25:13,800 --> 00:25:16,359
Speaker 5: much tension as the last report that we cited. But

553
00:25:16,840 --> 00:25:17,760
Speaker 5: let's talk about the.

554
00:25:18,080 --> 00:25:21,080
Speaker 4: Report that you did on Atlanta becoming a tech hub.

555
00:25:21,560 --> 00:25:23,359
Speaker 6: Yes, listen, I'm not stopping you from your post.

556
00:25:25,320 --> 00:25:28,720
Speaker 5: I got you, We got you serious.

557
00:25:28,720 --> 00:25:30,760
Speaker 7: No, Yeah, twenty seven percent of tech workers in Atlanta

558
00:25:30,800 --> 00:25:32,639
Speaker 7: are black and it is an emerging tech cub. We

559
00:25:32,640 --> 00:25:34,439
Speaker 7: look at the growth of tech jobs in Atlanta over

560
00:25:34,480 --> 00:25:37,320
Speaker 7: the last five years, it's about fifteen percent. It's very

561
00:25:37,359 --> 00:25:40,000
Speaker 7: comparable to the Bay Area that everybody thinks is the

562
00:25:40,040 --> 00:25:43,800
Speaker 7: mecca of tech. The bear is sixteen percent CB, a

563
00:25:43,840 --> 00:25:47,920
Speaker 7: company that does industrial warehousing office space. They rank Atlanta

564
00:25:47,920 --> 00:25:50,680
Speaker 7: as the eighth best tech city in North America, competing

565
00:25:50,720 --> 00:25:54,200
Speaker 7: with towns like the Bay Area, like Austin, like Charlotte,

566
00:25:54,200 --> 00:25:57,080
Speaker 7: which is another emerging tech hub. A couple of factors

567
00:25:57,080 --> 00:25:59,199
Speaker 7: that really help out Atlanta is number one. It has

568
00:25:59,240 --> 00:26:03,080
Speaker 7: the number one tech degree tech degree producing university in

569
00:26:03,080 --> 00:26:06,520
Speaker 7: the country, Georgia Tech, and a lot of tech companies

570
00:26:06,560 --> 00:26:09,000
Speaker 7: have also turned to HBCUs and the other colleges there

571
00:26:09,000 --> 00:26:12,119
Speaker 7: in Atlanta for a college pipeline, and companies outside of

572
00:26:12,119 --> 00:26:14,080
Speaker 7: tech too, to be honest, like UPS and FedEx, I

573
00:26:14,119 --> 00:26:16,439
Speaker 7: cover them for seeing BC and they've really kind of

574
00:26:16,480 --> 00:26:19,359
Speaker 7: built up their pipeline to HBCUs. And then you have

575
00:26:19,400 --> 00:26:21,479
Speaker 7: a lot of companies moving their tech hubs and innovation

576
00:26:21,600 --> 00:26:24,240
Speaker 7: centers down in Atlanta. Visa is a great example. They're

577
00:26:24,240 --> 00:26:27,440
Speaker 7: actually moving their chief diversity officer down in Atlanta. Got

578
00:26:27,440 --> 00:26:29,240
Speaker 7: to interview her and she was very honest, like, you know,

579
00:26:29,240 --> 00:26:31,800
Speaker 7: we're Visa, we know who our customers are, a large

580
00:26:31,800 --> 00:26:33,720
Speaker 7: person of more black people who want to bring black

581
00:26:33,760 --> 00:26:36,440
Speaker 7: people into our workforce. So if you're looking to dip

582
00:26:36,480 --> 00:26:38,280
Speaker 7: that toe in of tech. Atlanta is a great place

583
00:26:38,320 --> 00:26:40,680
Speaker 7: to go because you know the companies that are hiring there.

584
00:26:40,720 --> 00:26:43,000
Speaker 7: They're very open to looking for people of color in

585
00:26:43,040 --> 00:26:45,959
Speaker 7: their workforce, and I think every tech company will admit

586
00:26:46,000 --> 00:26:48,639
Speaker 7: that diversity is somewhat of an issue, especially when it

587
00:26:48,640 --> 00:26:49,440
Speaker 7: comes to management.

588
00:26:50,600 --> 00:26:52,040
Speaker 11: You brought us in some cities.

589
00:26:52,119 --> 00:26:53,840
Speaker 10: I want to talk about one that you did mention,

590
00:26:53,920 --> 00:26:56,399
Speaker 10: but I'm sure you can speak on, and that's Austin, Texas.

591
00:26:56,440 --> 00:26:58,520
Speaker 11: Obviously, we're seeing a lot of tech.

592
00:26:58,520 --> 00:27:01,600
Speaker 10: Ey shout to friend of the show, John Henry, who

593
00:27:01,640 --> 00:27:04,840
Speaker 10: has this business out there, talk about the expansion of

594
00:27:04,880 --> 00:27:07,320
Speaker 10: tech inside of Austin. I mean, obviously, we know Texas

595
00:27:07,480 --> 00:27:09,600
Speaker 10: is a state that has no state tax. We've heard

596
00:27:09,600 --> 00:27:12,880
Speaker 10: Elon talking about moving tell Us headquarters there, I'm sure

597
00:27:12,920 --> 00:27:15,720
Speaker 10: for that reason, amongst others. But let's talk about Austin,

598
00:27:16,200 --> 00:27:18,720
Speaker 10: Texas as one of those other cities that most people

599
00:27:18,720 --> 00:27:20,160
Speaker 10: probably traditionally are thinking about.

600
00:27:19,960 --> 00:27:22,800
Speaker 11: It in a tech hub, but over.

601
00:27:22,640 --> 00:27:25,280
Speaker 10: The next five to ten years potentially could pass all everyone.

602
00:27:26,080 --> 00:27:28,119
Speaker 6: Yeah, I mean, just big culture there for tech man.

603
00:27:28,160 --> 00:27:29,880
Speaker 7: A lot of tech companies are moving to Texas because

604
00:27:29,880 --> 00:27:32,679
Speaker 7: the tech benefit tax benefits and then like you know,

605
00:27:32,720 --> 00:27:34,440
Speaker 7: you hear slogans like keep Austin weird.

606
00:27:34,440 --> 00:27:35,640
Speaker 6: People just like the culture.

607
00:27:36,520 --> 00:27:39,080
Speaker 7: So right now, one of the big things that's driving

608
00:27:39,080 --> 00:27:41,200
Speaker 7: a lot of tech interest there is a conference south

609
00:27:41,280 --> 00:27:44,760
Speaker 7: by Southwest. I'm sure everybody's heard of that's bringing a

610
00:27:44,760 --> 00:27:48,200
Speaker 7: lot of tech minds there. And then they're also having

611
00:27:48,200 --> 00:27:50,320
Speaker 7: that social aspect, which is why there's a lot of

612
00:27:50,320 --> 00:27:52,240
Speaker 7: black business in Atlanta because you go down there, you

613
00:27:52,240 --> 00:27:53,920
Speaker 7: can have a good time and then you can also

614
00:27:53,960 --> 00:27:55,879
Speaker 7: do your business, you know what I mean. And so

615
00:27:55,920 --> 00:27:59,320
Speaker 7: that's what's definitely kind of fostering that relationship. The question

616
00:27:59,400 --> 00:28:01,280
Speaker 7: is can black people really find their place there and

617
00:28:01,280 --> 00:28:02,880
Speaker 7: can we carve out our own niche? And I think

618
00:28:02,880 --> 00:28:05,399
Speaker 7: that's something that's that's yet to be determined, and people

619
00:28:05,440 --> 00:28:07,960
Speaker 7: like you can write that chapter in the story.

620
00:28:09,640 --> 00:28:10,000
Speaker 8: Going up.

621
00:28:10,560 --> 00:28:13,199
Speaker 9: Yeah, going off the last point, what are like the

622
00:28:13,240 --> 00:28:16,640
Speaker 9: top three jobs in tech in Atlanta specifically? You think

623
00:28:16,640 --> 00:28:19,320
Speaker 9: people should start aim metors if they're looking to make

624
00:28:19,320 --> 00:28:21,160
Speaker 9: a transition or start their career.

625
00:28:21,920 --> 00:28:23,560
Speaker 7: I mean, it really depends on interest. But I think

626
00:28:23,840 --> 00:28:26,879
Speaker 7: what you were saying earlier is actually absolutely true. You

627
00:28:26,920 --> 00:28:28,960
Speaker 7: got to look at a merging tech like how do

628
00:28:29,000 --> 00:28:31,040
Speaker 7: you get into metaverse like the metaverse. There's another story

629
00:28:31,080 --> 00:28:34,159
Speaker 7: I'm actually doing tomorrow on building the black metaverse. A

630
00:28:34,200 --> 00:28:37,520
Speaker 7: lot of these companies, including Meta or Facebook however you

631
00:28:37,520 --> 00:28:41,200
Speaker 7: want to call it, and also Roadblocks, they're really making

632
00:28:41,240 --> 00:28:45,440
Speaker 7: efforts to create more black interest in the metaverse, whether

633
00:28:45,480 --> 00:28:49,760
Speaker 7: it be games. Meta aka Facebook gave about one hundred

634
00:28:49,800 --> 00:28:52,560
Speaker 7: of their Mediquest Oculus headsets. Again they change the name

635
00:28:52,600 --> 00:28:55,800
Speaker 7: that's Mediquest now used to be Oculous to ron Clock Academy,

636
00:28:55,800 --> 00:28:59,080
Speaker 7: a predominantly black private school now in Atlanta, and they're

637
00:28:59,120 --> 00:29:01,080
Speaker 7: doing a lot of these different initiatives around the country.

638
00:29:01,120 --> 00:29:04,840
Speaker 7: They actually have some pretty robust Black history h programming

639
00:29:05,000 --> 00:29:07,040
Speaker 7: on the Oculus headset because they want to bring us in.

640
00:29:07,080 --> 00:29:11,320
Speaker 7: They want us to develop games, develop you know, music worlds,

641
00:29:11,360 --> 00:29:13,720
Speaker 7: whatever else. When you look at hip hop, how that's

642
00:29:13,760 --> 00:29:16,320
Speaker 7: become a mainstream thing, imagine if someone create the hip

643
00:29:16,360 --> 00:29:18,960
Speaker 7: hop or the metaverse. So companies like Redblocks and Meta

644
00:29:19,040 --> 00:29:21,800
Speaker 7: really trying to bring people in. Also, they say, you know,

645
00:29:21,800 --> 00:29:24,520
Speaker 7: of course, to close the tech gap. But their businesses,

646
00:29:24,520 --> 00:29:27,360
Speaker 7: the publicly traded companies, one of their key roles here

647
00:29:27,400 --> 00:29:30,120
Speaker 7: is obviously generate profits for their shareholders and the more

648
00:29:30,200 --> 00:29:33,800
Speaker 7: people you can bring, especially black people, Latino people, people

649
00:29:33,800 --> 00:29:35,800
Speaker 7: who generally wouldn't be involved in emergent tech.

650
00:29:35,840 --> 00:29:37,760
Speaker 6: The faster you can bring them in, the more revenues

651
00:29:37,800 --> 00:29:38,240
Speaker 6: you can bring.

652
00:29:39,000 --> 00:29:42,960
Speaker 5: And it's also a thing of being able to move culture.

653
00:29:43,320 --> 00:29:45,120
Speaker 5: It's just like Clubhouse, like, you know, they got a

654
00:29:45,120 --> 00:29:47,920
Speaker 5: billion dollar evaluation after Meek Mill and every other rappist

655
00:29:48,240 --> 00:29:51,480
Speaker 5: to talk about how great Clubhouse is. So at some point,

656
00:29:51,720 --> 00:29:53,760
Speaker 5: you know, even with the metaverseus like, you know, it's

657
00:29:53,800 --> 00:29:56,480
Speaker 5: great that all of these companies want to, you know,

658
00:29:56,880 --> 00:29:59,840
Speaker 5: encourage diversity, but it would be better if we had

659
00:29:59,840 --> 00:30:02,200
Speaker 5: a own company like that was actually black owned.

660
00:30:02,920 --> 00:30:08,200
Speaker 11: Yeah. Yeah, I think with the who has the fan base.

661
00:30:09,000 --> 00:30:11,600
Speaker 4: We are doing something with fan base. Shout out to him.

662
00:30:11,760 --> 00:30:14,640
Speaker 5: I spoke to him, I spoke to I spoke to

663
00:30:14,720 --> 00:30:16,840
Speaker 5: him a couple of days ago. But yeah, I mean,

664
00:30:16,840 --> 00:30:19,320
Speaker 5: I just feel like at a certain point in time,

665
00:30:20,080 --> 00:30:22,400
Speaker 5: it's like, you know, you're still relying on somebody else

666
00:30:22,400 --> 00:30:26,120
Speaker 5: to do something. And it's one of these things that

667
00:30:26,240 --> 00:30:30,160
Speaker 5: just goes back to like sports and entertainment, where you know,

668
00:30:30,320 --> 00:30:31,920
Speaker 5: you can't always be talent.

669
00:30:32,080 --> 00:30:33,840
Speaker 4: You have to be an owner at some point.

670
00:30:33,840 --> 00:30:36,440
Speaker 7: Right equity, I mean, it's a word that people throw

671
00:30:36,440 --> 00:30:38,960
Speaker 7: around all the time, and Beyonce said, I need equity.

672
00:30:39,000 --> 00:30:40,960
Speaker 7: But equity is a powerful thing.

673
00:30:41,000 --> 00:30:41,120
Speaker 6: Man.

674
00:30:41,120 --> 00:30:42,560
Speaker 7: When you have equity in your home, you give you

675
00:30:42,600 --> 00:30:44,360
Speaker 7: all types of things. You can take a little bit out,

676
00:30:44,680 --> 00:30:46,000
Speaker 7: you know what I mean. You can leverage it to

677
00:30:46,040 --> 00:30:48,560
Speaker 7: buy another property and equity and other things, whether it

678
00:30:48,600 --> 00:30:52,400
Speaker 7: be your career, you know, your church, whatever it is,

679
00:30:52,680 --> 00:30:53,920
Speaker 7: can be a powerful tool.

680
00:30:54,720 --> 00:30:55,120
Speaker 11: Yeah.

681
00:30:55,240 --> 00:30:57,680
Speaker 5: And in Atlanta, they you know, Paul Judge is leading

682
00:30:57,720 --> 00:31:00,920
Speaker 5: the charge and that Paul Judge, think Greenwood think he's

683
00:31:00,960 --> 00:31:04,160
Speaker 5: he's really really big in the tech space. We gotta

684
00:31:04,200 --> 00:31:05,600
Speaker 5: we gotta talk to him. He doesn't really talk a

685
00:31:05,640 --> 00:31:08,480
Speaker 5: lot publicly, but Paul Judge is a very very smart guy,

686
00:31:08,720 --> 00:31:11,640
Speaker 5: and he is one of the probably the leader in

687
00:31:11,680 --> 00:31:14,680
Speaker 5: that whole tech revolution in Atlanta. And then of course

688
00:31:14,720 --> 00:31:18,600
Speaker 5: the mayor shout out to Andre Dickens. He is the

689
00:31:18,640 --> 00:31:21,640
Speaker 5: new mayor of Atlanta. Obviously he's black.

690
00:31:21,680 --> 00:31:24,280
Speaker 4: It's Atlanta. They always have a black mayor, so you know,

691
00:31:24,440 --> 00:31:25,120
Speaker 4: it's all.

692
00:31:25,840 --> 00:31:28,320
Speaker 5: The Atlanta scene is something that you know, I think

693
00:31:28,800 --> 00:31:32,520
Speaker 5: can be the same way they took over hip hop,

694
00:31:33,360 --> 00:31:35,720
Speaker 5: they can have that same effect in the tech world.

695
00:31:35,960 --> 00:31:38,959
Speaker 5: So hopefully, you know, we'll see a lot of uh

696
00:31:39,160 --> 00:31:43,080
Speaker 5: tech superstars, the next Elon Musk, the next Jeff Besos.

697
00:31:43,080 --> 00:31:45,360
Speaker 5: I feel like Atlanta's a perfect place, not just Atlanta,

698
00:31:45,400 --> 00:31:48,640
Speaker 5: but you know, Atlanta's a perfect place for you know

699
00:31:48,760 --> 00:31:51,320
Speaker 5: that they have the HBC used there, they have the

700
00:31:51,320 --> 00:31:54,040
Speaker 5: politic they have the political support there, they have the

701
00:31:54,240 --> 00:31:56,880
Speaker 5: entrepreneurs there, they have you know, and they have an

702
00:31:56,920 --> 00:31:59,719
Speaker 5: infrastructure in place better than anybody else has it. So

703
00:32:00,080 --> 00:32:02,120
Speaker 5: you know, that's that's something that I think could be

704
00:32:02,200 --> 00:32:03,920
Speaker 5: something to be encouraged about.

705
00:32:04,120 --> 00:32:06,600
Speaker 10: Yeah, I also think the international space is as far

706
00:32:06,640 --> 00:32:09,080
Speaker 10: as techs as well. I know, you know, we talked

707
00:32:09,080 --> 00:32:11,240
Speaker 10: about Afrotech all the time, and we visited the continent

708
00:32:11,280 --> 00:32:13,600
Speaker 10: and plan to go back. I want to know your thoughts, like,

709
00:32:13,600 --> 00:32:17,280
Speaker 10: what did you think about investing internationally, especially the continent

710
00:32:17,320 --> 00:32:20,520
Speaker 10: of Africa, which we spoke about maybe two weeks ago

711
00:32:20,560 --> 00:32:24,800
Speaker 10: about how much of the population is very young, very eager,

712
00:32:25,560 --> 00:32:28,800
Speaker 10: and just lacked resources right now. But with the you know,

713
00:32:28,840 --> 00:32:32,600
Speaker 10: obviously the expansion of technology and infrastructure, they can have

714
00:32:32,680 --> 00:32:35,880
Speaker 10: access to Ernialisia and other people who are providing education.

715
00:32:35,920 --> 00:32:37,920
Speaker 10: What are your thoughts about on an international front?

716
00:32:38,240 --> 00:32:39,880
Speaker 6: We number one man, I've been dying to go to Africa.

717
00:32:39,880 --> 00:32:42,480
Speaker 7: Actually had a trip plan right before the pandemic, and

718
00:32:42,520 --> 00:32:43,960
Speaker 7: the pandemic just canceled it.

719
00:32:43,960 --> 00:32:45,479
Speaker 6: If I was going to go to Tanzania. I've been

720
00:32:45,480 --> 00:32:46,680
Speaker 6: wanting to go to Tanzania, so I.

721
00:32:46,680 --> 00:32:49,320
Speaker 7: Did a report in fourth grade and one of the

722
00:32:49,320 --> 00:32:51,280
Speaker 7: reason I wanted to go is because it's just so diverse.

723
00:32:51,280 --> 00:32:53,720
Speaker 7: They have an island off Tanzania is a sidebar an

724
00:32:53,720 --> 00:32:56,600
Speaker 7: island off Tanzania called Zanzabar with like beautiful beaches, and

725
00:32:56,640 --> 00:32:59,160
Speaker 7: they have a big city called Dara Salaam, and then

726
00:32:59,200 --> 00:33:01,400
Speaker 7: they have all those amazing nature preserves. I want to

727
00:33:01,400 --> 00:33:03,720
Speaker 7: go pedo real elephant, you know what I mean, not

728
00:33:03,720 --> 00:33:08,120
Speaker 7: a circus elephant. But just to your point, man, you know,

729
00:33:08,400 --> 00:33:10,320
Speaker 7: in developing countries, and that's what you're talking about. We

730
00:33:10,320 --> 00:33:12,760
Speaker 7: talked about Africa. That's the term of developing countries. They

731
00:33:12,760 --> 00:33:15,640
Speaker 7: have more access to mobile phones. They're already using fintech

732
00:33:15,680 --> 00:33:18,320
Speaker 7: more than we are, so they're already kind of at

733
00:33:18,360 --> 00:33:19,640
Speaker 7: the tip of the spear of some of these things.

734
00:33:19,640 --> 00:33:21,480
Speaker 7: Because if you can imagine, if you're a merchant, I'm

735
00:33:21,520 --> 00:33:24,120
Speaker 7: just going to throw it out our salon. It's probably

736
00:33:24,320 --> 00:33:26,880
Speaker 7: easier to use fintech and tap and go and whatever

737
00:33:26,920 --> 00:33:29,600
Speaker 7: else than it is to have a real credit card swiper.

738
00:33:29,680 --> 00:33:33,040
Speaker 7: So they're already jumping on that and mobile payments, and

739
00:33:33,080 --> 00:33:35,320
Speaker 7: in other countries not developed like China, they're already on

740
00:33:35,360 --> 00:33:39,440
Speaker 7: mobile payments and digital currencies and things like that. So absolutely, man,

741
00:33:39,800 --> 00:33:43,080
Speaker 7: if you have the opportunity to create infrastructure internationally for

742
00:33:43,200 --> 00:33:45,560
Speaker 7: any of this kind of thing, whether it be Internet

743
00:33:45,640 --> 00:33:49,840
Speaker 7: five G payments, of course it's a great investment. What

744
00:33:49,920 --> 00:33:51,480
Speaker 7: companies at the forefront, I got to be honest, I

745
00:33:51,480 --> 00:33:54,200
Speaker 7: don't know personally, but a great line of thinking. And

746
00:33:54,240 --> 00:33:56,160
Speaker 7: that's why you've seen people like Jack Dorsey go over

747
00:33:56,200 --> 00:33:59,480
Speaker 7: to Africa and look for investments, the founder of Twitter.

748
00:34:00,000 --> 00:34:01,720
Speaker 7: And also you see a lot of people or a

749
00:34:01,760 --> 00:34:05,880
Speaker 7: lot of companies in China investing in Africa. A lot

750
00:34:05,880 --> 00:34:09,080
Speaker 7: of industrial things like mining and steel, precious metals and

751
00:34:09,080 --> 00:34:10,399
Speaker 7: things like that, but also tech.

752
00:34:10,480 --> 00:34:12,840
Speaker 6: There's a lot of opportunity in Africa.

753
00:34:14,160 --> 00:34:17,040
Speaker 9: Going back to when you were eighteen, if you can

754
00:34:17,040 --> 00:34:20,600
Speaker 9: do it all over again, I'm thirty nine. You look

755
00:34:20,640 --> 00:34:22,759
Speaker 9: incredibly young, but I know we grew up in the

756
00:34:22,800 --> 00:34:25,279
Speaker 9: same era. What are like the three things you wish

757
00:34:25,320 --> 00:34:27,839
Speaker 9: you would have learned back then that would have helped

758
00:34:27,840 --> 00:34:31,480
Speaker 9: you propel to be even better than you are now.

759
00:34:31,520 --> 00:34:31,680
Speaker 8: Man.

760
00:34:31,760 --> 00:34:33,280
Speaker 7: The number one thing is some of my mom always

761
00:34:33,280 --> 00:34:35,520
Speaker 7: told me, don't tell yourself now, just go for it.

762
00:34:35,600 --> 00:34:37,839
Speaker 7: Let other people tell you now, you know what I mean.

763
00:34:38,200 --> 00:34:41,920
Speaker 7: She kind of gave me three things Chris growing up,

764
00:34:42,000 --> 00:34:44,600
Speaker 7: and as I got older, it got shorter and she

765
00:34:44,719 --> 00:34:47,759
Speaker 7: just kind of paraphrased it. But the things I would

766
00:34:47,800 --> 00:34:50,080
Speaker 7: do different are things I do now. But I mean,

767
00:34:50,480 --> 00:34:51,040
Speaker 7: I would.

768
00:34:50,840 --> 00:34:52,800
Speaker 6: Always dream big, but even bigger.

769
00:34:52,880 --> 00:34:54,960
Speaker 7: You know what I'm saying, like, don't contain your dreams

770
00:34:54,960 --> 00:34:57,759
Speaker 7: to your situation to which you know, dream about things

771
00:34:57,800 --> 00:34:59,840
Speaker 7: that you can't even imagine. That's how you got to start.

772
00:35:00,239 --> 00:35:03,000
Speaker 7: And I would even work harder man, like everybody else. Man,

773
00:35:03,239 --> 00:35:05,400
Speaker 7: you know I got sidetracked by this and that I

774
00:35:05,440 --> 00:35:07,080
Speaker 7: took my own trip to him. You know what I'm

775
00:35:07,080 --> 00:35:08,840
Speaker 7: saying again, I never speak from a high horst. I

776
00:35:08,880 --> 00:35:11,840
Speaker 7: took my trip to Dominican Republic or wherever else and

777
00:35:11,880 --> 00:35:12,640
Speaker 7: got sidetracked.

778
00:35:12,680 --> 00:35:12,879
Speaker 4: Man.

779
00:35:12,920 --> 00:35:15,120
Speaker 7: And just pray every day, man, Seriously, I get on

780
00:35:15,160 --> 00:35:16,640
Speaker 7: my knees and I talk to the man every day.

781
00:35:20,080 --> 00:35:25,160
Speaker 4: You a reggo. You look like you got stomach pain. Atlanta,

782
00:35:25,280 --> 00:35:28,680
Speaker 4: you are not full. Stop. Stop the rhetoric. I hate

783
00:35:28,680 --> 00:35:30,080
Speaker 4: that saying we're full.

784
00:35:29,920 --> 00:35:33,680
Speaker 5: Because what it does is it's a negative connotation and

785
00:35:33,880 --> 00:35:36,600
Speaker 5: it's discouraging people that can actually add value to the

786
00:35:36,600 --> 00:35:39,840
Speaker 5: ecosystem from coming there and like we come there and

787
00:35:39,880 --> 00:35:41,719
Speaker 5: this is it's like I know, it's like a joke

788
00:35:41,840 --> 00:35:44,040
Speaker 5: and it's a playful thing, but it's like we're talking

789
00:35:44,080 --> 00:35:47,200
Speaker 5: about how the Black network is twenty eight thousand dollars

790
00:35:47,360 --> 00:35:50,960
Speaker 5: and we're talking about how you collaborated and work. Yeah,

791
00:35:51,040 --> 00:35:53,719
Speaker 5: that is hot, and it's like you're saying things like

792
00:35:53,760 --> 00:35:57,640
Speaker 5: Atlanta's full. We don't want any more people like as

793
00:35:57,800 --> 00:36:01,359
Speaker 5: you don't understand, like this is this is a race

794
00:36:01,520 --> 00:36:08,040
Speaker 5: that we're losing, and you're not helping by saying stuff

795
00:36:08,080 --> 00:36:10,200
Speaker 5: like that, Like it's not it's not it's not something

796
00:36:10,200 --> 00:36:17,319
Speaker 5: that is helpful and it's not something that's beneficial. And ultimately,

797
00:36:17,520 --> 00:36:20,600
Speaker 5: the more divided that we are, we're still going to

798
00:36:20,640 --> 00:36:22,600
Speaker 5: be in last place. The only way that we're ever

799
00:36:22,640 --> 00:36:25,400
Speaker 5: going to achieve anything is through unity and working together

800
00:36:25,440 --> 00:36:26,160
Speaker 5: in collaboration.

801
00:36:26,800 --> 00:36:28,000
Speaker 11: And we see that in Atlanta too.

802
00:36:28,280 --> 00:36:29,640
Speaker 5: No, we seen it in Atlanta all the time. Like

803
00:36:29,640 --> 00:36:32,200
Speaker 5: I said, it's like we literally, like are in Atlanta

804
00:36:32,239 --> 00:36:35,040
Speaker 5: all the time. It's just I just don't understand where

805
00:36:35,040 --> 00:36:37,080
Speaker 5: that's coming from, because when we're in Atlanta, we never

806
00:36:37,120 --> 00:36:37,960
Speaker 5: get that sentiment.

807
00:36:38,000 --> 00:36:39,600
Speaker 4: It's always love and we add value.

808
00:36:39,640 --> 00:36:42,560
Speaker 5: Of course, nobody wants somebody to go there and take

809
00:36:42,560 --> 00:36:45,160
Speaker 5: away from it. But if you're going somewhere and you're

810
00:36:45,200 --> 00:36:48,520
Speaker 5: adding value, why would you not want somebody to come

811
00:36:48,560 --> 00:36:51,239
Speaker 5: and add value to a place that doesn't make any sense?

812
00:36:51,800 --> 00:36:53,520
Speaker 6: Oh, Atlanta, Atlanta is not love.

813
00:36:53,600 --> 00:36:55,759
Speaker 7: Man. I'm from up North, Man, I get none beloved

814
00:36:55,760 --> 00:36:57,399
Speaker 7: and I get down Atlanta. People always trying to help

815
00:36:57,400 --> 00:36:58,759
Speaker 7: me out and trust me, somebody. I want to send

816
00:36:58,760 --> 00:37:00,799
Speaker 7: a shout out to my man somebody. If you haven't

817
00:37:00,840 --> 00:37:02,560
Speaker 7: had him on the show, you should. John Hope, Brian

818
00:37:02,680 --> 00:37:03,720
Speaker 7: from Operation Hope.

819
00:37:03,880 --> 00:37:06,480
Speaker 11: Yeah, we had a zoom call with him.

820
00:37:06,560 --> 00:37:09,479
Speaker 10: It was probably one of the most inspirational twenty five

821
00:37:09,520 --> 00:37:11,480
Speaker 10: to thirty minutes we've had in a long time.

822
00:37:12,120 --> 00:37:18,200
Speaker 6: All man, all like bolbamot. I'm like a kiddingwich. That's good.

823
00:37:18,239 --> 00:37:18,840
Speaker 6: That's my brother.

824
00:37:18,880 --> 00:37:19,080
Speaker 8: Man.

825
00:37:19,640 --> 00:37:22,200
Speaker 7: Like seriously, I call him man like everybody else. Man,

826
00:37:22,200 --> 00:37:23,960
Speaker 7: I get frustrated with this or frustrated with that, get

827
00:37:24,000 --> 00:37:25,759
Speaker 7: him a call. Man, it's like, let me bounce this

828
00:37:25,840 --> 00:37:27,480
Speaker 7: off you, then me run a couple of ideas by you.

829
00:37:27,719 --> 00:37:28,359
Speaker 6: Just a great brother.

830
00:37:30,239 --> 00:37:33,080
Speaker 8: Last point, I didn't want to make real quick of hearn.

831
00:37:33,360 --> 00:37:34,880
Speaker 9: I just want you guys, wh we are moving to

832
00:37:34,880 --> 00:37:38,439
Speaker 9: these different cities and you're learning these different skills, making

833
00:37:38,480 --> 00:37:41,440
Speaker 9: sure that you get equity or royalties and perpetuity because

834
00:37:41,440 --> 00:37:43,800
Speaker 9: if not, it would be the similar things like you

835
00:37:43,920 --> 00:37:46,160
Speaker 9: being a construction worker and building the house but not

836
00:37:46,160 --> 00:37:47,239
Speaker 9: getting equity in the block.

837
00:37:48,280 --> 00:37:50,160
Speaker 8: And also a lot of you did the friends and families.

838
00:37:50,160 --> 00:37:53,160
Speaker 9: You need to start making small venture capital firms together

839
00:37:53,239 --> 00:37:56,560
Speaker 9: or small family offices together, and to buy property because

840
00:37:56,880 --> 00:37:59,879
Speaker 9: even in Atlanta, as black as it is, go look

841
00:37:59,880 --> 00:38:02,680
Speaker 9: at the data of ownership that is in Atlanta. It

842
00:38:02,719 --> 00:38:05,360
Speaker 9: is dramatically different from two thousand and seven, two thousand

843
00:38:05,360 --> 00:38:06,480
Speaker 9: and eight.

844
00:38:07,440 --> 00:38:09,720
Speaker 10: This episode is brought to you by P and C Bank.

845
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865
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875
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876
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Speaker 9: A lot of areas that were traditionally hood or doing

893
00:41:00,120 --> 00:41:00,640
Speaker 9: is the ghetto.

894
00:41:01,200 --> 00:41:03,799
Speaker 8: Some Whole Foods and Starbucks popping up over there and

895
00:41:03,840 --> 00:41:05,240
Speaker 8: people are getting pushed out.

896
00:41:05,880 --> 00:41:08,800
Speaker 9: What's yeah, So please, as you're going in to build,

897
00:41:09,440 --> 00:41:11,040
Speaker 9: I want you all to have fun in a and

898
00:41:11,120 --> 00:41:12,280
Speaker 9: have a blast, but make sure.

899
00:41:12,120 --> 00:41:15,400
Speaker 11: You're actually building. Yeah, I mean, we saw it happened.

900
00:41:15,600 --> 00:41:18,719
Speaker 10: We went there one year and we came back the

901
00:41:18,719 --> 00:41:21,120
Speaker 10: next year we saw a Microsoft building at at Land Station.

902
00:41:21,200 --> 00:41:22,480
Speaker 11: I'm like, where did this just come from?

903
00:41:23,920 --> 00:41:27,959
Speaker 4: Didn't tell Microsoft? They was full right, They're not.

904
00:41:27,840 --> 00:41:32,440
Speaker 7: Tell Microsoft salesforce ses exactly.

905
00:41:33,360 --> 00:41:35,759
Speaker 11: Just going up like that, you know, real quick.

906
00:41:35,760 --> 00:41:36,640
Speaker 6: That's your question man.

907
00:41:37,160 --> 00:41:39,280
Speaker 7: The other the other thing, I would say, buy yourself

908
00:41:39,320 --> 00:41:42,320
Speaker 7: some property, Like buy yourself a house, you know what

909
00:41:42,360 --> 00:41:42,640
Speaker 7: I mean?

910
00:41:42,680 --> 00:41:45,600
Speaker 6: Like, No, houses don't always appreciate. It's not always the safe.

911
00:41:45,600 --> 00:41:46,080
Speaker 6: This's investment.

912
00:41:46,120 --> 00:41:48,040
Speaker 7: We saw the financial crisis where people lost money in

913
00:41:48,080 --> 00:41:50,279
Speaker 7: our house. But it's one of those investments where it

914
00:41:50,360 --> 00:41:52,239
Speaker 7: might lose value, but you can live in, you know

915
00:41:52,280 --> 00:41:54,040
Speaker 7: what I mean, You and your family can live there.

916
00:41:54,840 --> 00:41:58,120
Speaker 7: So I'm not somebody who advocates housing over everything else,

917
00:41:58,200 --> 00:42:00,960
Speaker 7: but it is an asset that as many purposes you

918
00:42:00,960 --> 00:42:02,879
Speaker 7: can go to Queen and you can take the equity out.

919
00:42:03,520 --> 00:42:05,160
Speaker 7: You don't want to live there anymore. You decide you

920
00:42:05,200 --> 00:42:06,360
Speaker 7: want to move up, or you want to move some

921
00:42:06,440 --> 00:42:08,480
Speaker 7: rush and rent it out. I just think it's a

922
00:42:08,520 --> 00:42:09,960
Speaker 7: really versatile asset, you know.

923
00:42:09,960 --> 00:42:10,279
Speaker 4: What I mean.

924
00:42:11,640 --> 00:42:13,160
Speaker 5: So, Frank, this is the part of the show where

925
00:42:13,160 --> 00:42:15,200
Speaker 5: we go to question and answers. I know you've been

926
00:42:15,239 --> 00:42:17,920
Speaker 5: on for a while, so you want to stay.

927
00:42:17,719 --> 00:42:18,160
Speaker 8: On with us.

928
00:42:19,080 --> 00:42:22,279
Speaker 7: I want TV every day. And I'm not even kidding.

929
00:42:22,400 --> 00:42:23,759
Speaker 7: Y'all think I'm kid. I'm not blowing smoke.

930
00:42:23,800 --> 00:42:27,160
Speaker 6: I'm fan like love what I apprepreciate it.

931
00:42:27,200 --> 00:42:27,759
Speaker 4: I appreciate it.

932
00:42:27,800 --> 00:42:28,040
Speaker 11: Thank you.

933
00:42:28,080 --> 00:42:28,319
Speaker 8: Brother.

934
00:42:28,480 --> 00:42:29,160
Speaker 4: Likewise, yeah, we're gon.

935
00:42:29,320 --> 00:42:30,680
Speaker 11: We'll get to the hip hop debate at the end

936
00:42:30,680 --> 00:42:31,080
Speaker 11: of the show.

937
00:42:32,600 --> 00:42:34,439
Speaker 6: I'm from Philly, man, so like start there.

938
00:42:34,960 --> 00:42:38,000
Speaker 11: I got you, Yes, Jay, it's got to plan.

939
00:42:38,080 --> 00:42:39,080
Speaker 4: What's up? What's going on?

940
00:42:40,239 --> 00:42:45,520
Speaker 9: Hey, guys, look at this Hell.

941
00:42:44,200 --> 00:42:46,239
Speaker 4: Valentine's Day got the hearts in the.

942
00:42:46,280 --> 00:42:50,359
Speaker 9: Background all loved doing.

943
00:42:52,080 --> 00:42:52,400
Speaker 8: Hello.

944
00:42:52,480 --> 00:42:54,439
Speaker 6: Hello, how are you good?

945
00:42:54,520 --> 00:42:54,680
Speaker 5: Hi?

946
00:42:54,719 --> 00:42:54,919
Speaker 12: Ian?

947
00:42:55,600 --> 00:42:56,239
Speaker 8: Hey? How are you?

948
00:42:56,920 --> 00:42:57,399
Speaker 6: I'm good?

949
00:42:57,440 --> 00:42:57,959
Speaker 13: Thank you?

950
00:42:59,360 --> 00:43:00,360
Speaker 6: So let's get into questions.

951
00:43:00,360 --> 00:43:01,799
Speaker 13: Are you guys want me to give an update?

952
00:43:01,840 --> 00:43:05,840
Speaker 6: I don't know. High earners, Yes.

953
00:43:06,520 --> 00:43:07,680
Speaker 11: Give you what's going on.

954
00:43:08,680 --> 00:43:10,279
Speaker 13: Well, I don't really don't have that much, but I

955
00:43:10,280 --> 00:43:13,040
Speaker 13: will say today we had midday market updates with Lawrence

956
00:43:13,040 --> 00:43:18,120
Speaker 13: and we talked about option strategies. One was pre market

957
00:43:18,640 --> 00:43:20,719
Speaker 13: highs and lows and if you get a breakthrough one

958
00:43:20,719 --> 00:43:22,919
Speaker 13: of those, maybe a call or put you know, going

959
00:43:22,960 --> 00:43:25,240
Speaker 13: that way. So I really like that little tip droped

960
00:43:25,239 --> 00:43:26,759
Speaker 13: some fire in the chat for the earners, if you

961
00:43:26,760 --> 00:43:29,799
Speaker 13: thought that was really helpful this morning. And then we

962
00:43:29,840 --> 00:43:31,960
Speaker 13: were preparing the earners for a paper trading challenge that

963
00:43:32,000 --> 00:43:35,439
Speaker 13: starts in a couple of weeks. And although today's markin

964
00:43:35,640 --> 00:43:38,680
Speaker 13: Valentine's also say Martin Luther King, Valentine's Day's also Black

965
00:43:38,760 --> 00:43:41,799
Speaker 13: History Month. And we started a new book called Paranomics

966
00:43:41,920 --> 00:43:43,120
Speaker 13: by Claude Anderson's.

967
00:43:43,120 --> 00:43:44,360
Speaker 4: Oh, we're really excited.

968
00:43:44,080 --> 00:43:44,719
Speaker 6: About that too.

969
00:43:44,719 --> 00:43:47,400
Speaker 5: Shout out to the book those that's actually perfect. We

970
00:43:47,400 --> 00:43:49,600
Speaker 5: got to talk offline about that. That's actually I didn't know.

971
00:43:49,600 --> 00:43:50,960
Speaker 5: I didn't know he was reading that book, but that's

972
00:43:51,120 --> 00:43:52,120
Speaker 5: that's actually.

973
00:43:51,840 --> 00:43:54,200
Speaker 13: Yes, that's our new book for the month.

974
00:43:54,280 --> 00:43:55,640
Speaker 6: So shout out to the earners.

975
00:43:56,000 --> 00:43:56,480
Speaker 11: That's perfect.

976
00:43:56,480 --> 00:43:57,920
Speaker 6: Now I'm going to go to Arthur Andrews.

977
00:43:57,960 --> 00:44:01,759
Speaker 13: He's the president of our political science had to ask

978
00:44:01,800 --> 00:44:02,520
Speaker 13: a question today.

979
00:44:02,560 --> 00:44:03,839
Speaker 6: So we're gonna go there first.

980
00:44:04,040 --> 00:44:08,560
Speaker 10: Oh yeah, yeah, he gets he gets peace.

981
00:44:08,640 --> 00:44:13,080
Speaker 3: Peace was good, fellas, My brother, man, how you doing?

982
00:44:13,120 --> 00:44:13,480
Speaker 8: How you're doing?

983
00:44:13,520 --> 00:44:16,360
Speaker 2: Hey, fellas, I'm gonna seey'all in London, man, he and

984
00:44:16,440 --> 00:44:17,719
Speaker 2: I promise not to attack you.

985
00:44:17,760 --> 00:44:19,560
Speaker 3: Man, Just give me a dapt I'll leave you alone.

986
00:44:19,600 --> 00:44:21,920
Speaker 11: Brother, I love you.

987
00:44:22,320 --> 00:44:23,080
Speaker 8: We can talk forever.

988
00:44:24,800 --> 00:44:25,279
Speaker 3: Frank Man.

989
00:44:25,320 --> 00:44:27,840
Speaker 2: I appreciate having you on here, you know, appreciate the

990
00:44:27,920 --> 00:44:31,200
Speaker 2: report and you uh exposing everybody to what's going on

991
00:44:31,239 --> 00:44:34,680
Speaker 2: in our community. One of the questions that I wanted

992
00:44:34,719 --> 00:44:37,040
Speaker 2: to ask, and you know, the earners are very familiar

993
00:44:37,040 --> 00:44:39,480
Speaker 2: about this because this is something that I harp on

994
00:44:39,560 --> 00:44:43,680
Speaker 2: a lot, is that that spending, that spending stat isn't

995
00:44:43,719 --> 00:44:46,640
Speaker 2: something that's new, you know, it's something that we've seen.

996
00:44:46,680 --> 00:44:48,719
Speaker 2: If you go back to two thousand, we had our

997
00:44:48,760 --> 00:44:51,520
Speaker 2: spending was very high, and we were still very low

998
00:44:51,600 --> 00:44:53,880
Speaker 2: in terms of our assets, so on and so forth.

999
00:44:54,360 --> 00:44:56,640
Speaker 3: I think what's part of the issue is the.

1000
00:44:56,520 --> 00:45:02,120
Speaker 2: Way that it's framed UH to our people is often misleading,

1001
00:45:02,719 --> 00:45:05,560
Speaker 2: and so in a sense it's framed as though we're

1002
00:45:05,600 --> 00:45:10,240
Speaker 2: irresponsible with our spending right and mass right, and so however,

1003
00:45:10,360 --> 00:45:12,880
Speaker 2: when you look at how we actually spend our money,

1004
00:45:12,920 --> 00:45:16,560
Speaker 2: we actually spend our money very similar to everyone else.

1005
00:45:18,080 --> 00:45:20,000
Speaker 2: I always say the top five things that we spend

1006
00:45:20,040 --> 00:45:22,760
Speaker 2: our money on are housing, which is at thirty seven percent,

1007
00:45:22,920 --> 00:45:29,680
Speaker 2: transportation sixteen percent, food sixteen percent, savings and investments at

1008
00:45:29,760 --> 00:45:34,200
Speaker 2: ten percent, and then healthcare at five percent. So literally

1009
00:45:34,280 --> 00:45:37,480
Speaker 2: eighty five percent of our spending goes to what I

1010
00:45:37,560 --> 00:45:41,359
Speaker 2: call essential living needs. That we get a check, we

1011
00:45:41,400 --> 00:45:43,799
Speaker 2: have to pay for where we leave, we live, We

1012
00:45:43,840 --> 00:45:45,400
Speaker 2: got to pay to get the work. We have to

1013
00:45:45,440 --> 00:45:48,799
Speaker 2: feed ourselves. We save our money, and then we you know,

1014
00:45:48,880 --> 00:45:50,839
Speaker 2: take care of ourselves. We go to the doctor if

1015
00:45:50,840 --> 00:45:55,320
Speaker 2: and when we can. The difference that I find isn't

1016
00:45:55,320 --> 00:45:59,600
Speaker 2: necessarily that we're spending irresponsibly. It's not, it's that the

1017
00:46:00,600 --> 00:46:04,520
Speaker 2: our asset class, our upper black asset class, we don't

1018
00:46:04,560 --> 00:46:08,880
Speaker 2: own any of those things that provide our essential needs.

1019
00:46:09,200 --> 00:46:12,040
Speaker 2: So our black upper class doesn't own the masses of

1020
00:46:12,080 --> 00:46:15,719
Speaker 2: affordable housing. We don't own any car companies, we don't

1021
00:46:15,800 --> 00:46:19,200
Speaker 2: own any grocery stores, you know, we don't own any

1022
00:46:19,320 --> 00:46:23,200
Speaker 2: major healthcare companies, and we don't own any major financial

1023
00:46:23,680 --> 00:46:28,080
Speaker 2: investment institutions. So as a result, when we spend our money,

1024
00:46:28,280 --> 00:46:33,040
Speaker 2: we're forced to spend our money with other people. Because

1025
00:46:33,719 --> 00:46:35,960
Speaker 2: you see what I'm saying and now at the same time,

1026
00:46:36,200 --> 00:46:38,480
Speaker 2: at the same time, and I'm not here to knock anybody,

1027
00:46:38,560 --> 00:46:43,560
Speaker 2: kudos to the success of those of those of us

1028
00:46:43,600 --> 00:46:46,560
Speaker 2: who are able to make it to the upper class. However,

1029
00:46:47,120 --> 00:46:49,879
Speaker 2: rather than trying to buy football teams, I would rather

1030
00:46:50,040 --> 00:46:52,759
Speaker 2: see a starter car company rather than us try to

1031
00:46:52,760 --> 00:46:53,880
Speaker 2: buy an NBA team.

1032
00:46:54,160 --> 00:46:55,440
Speaker 3: I would rather see.

1033
00:46:55,280 --> 00:46:59,000
Speaker 2: Us buy a started grocery train because those are the

1034
00:46:59,080 --> 00:47:01,920
Speaker 2: things that then we could go in and support, because

1035
00:47:01,920 --> 00:47:04,680
Speaker 2: those are where we're spending the majority of our money.

1036
00:47:04,880 --> 00:47:08,200
Speaker 2: So when we spend our money and it leaves our community,

1037
00:47:08,400 --> 00:47:11,759
Speaker 2: and so as they say in six hours, it's not

1038
00:47:11,840 --> 00:47:14,000
Speaker 2: because we don't want to spend it with black people.

1039
00:47:14,120 --> 00:47:16,799
Speaker 2: It's literally there's no one there black for us to

1040
00:47:16,840 --> 00:47:18,960
Speaker 2: spend it with. And that's not the fault of a

1041
00:47:18,960 --> 00:47:21,720
Speaker 2: lower class citizen, that's not the fault of the middle

1042
00:47:21,719 --> 00:47:24,799
Speaker 2: class citizen. That's the fault of the upper class that

1043
00:47:24,920 --> 00:47:27,480
Speaker 2: have to channel their money and buy those assets that

1044
00:47:27,560 --> 00:47:30,600
Speaker 2: really matter, as opposed to buying a football team and

1045
00:47:30,640 --> 00:47:33,400
Speaker 2: then say support black because I got a football team

1046
00:47:33,560 --> 00:47:35,719
Speaker 2: and then we're going to do that because our next

1047
00:47:35,760 --> 00:47:38,680
Speaker 2: thing that we spend our money on is entertainment. However,

1048
00:47:38,920 --> 00:47:41,640
Speaker 2: when we spend money on entertainment, we spend it on

1049
00:47:41,760 --> 00:47:46,040
Speaker 2: black people. We support black people when the opportunity is there.

1050
00:47:46,560 --> 00:47:48,680
Speaker 2: And so I think that part of the issue that

1051
00:47:48,719 --> 00:47:50,960
Speaker 2: we're having is the way it's framed, is that it's

1052
00:47:51,000 --> 00:47:52,640
Speaker 2: put out there and you're a low income or your

1053
00:47:52,680 --> 00:47:55,400
Speaker 2: middle class person. You could feel like, wow, what am

1054
00:47:55,440 --> 00:47:57,680
Speaker 2: I doing wrong? But you're looking around, You're like, man,

1055
00:47:57,800 --> 00:48:00,480
Speaker 2: I just paid my rent. You know, I want to alone,

1056
00:48:00,560 --> 00:48:03,840
Speaker 2: But there's the black The white bank won't give me

1057
00:48:03,880 --> 00:48:05,839
Speaker 2: a loan, but there's no black guys who are willing

1058
00:48:05,880 --> 00:48:08,000
Speaker 2: to give me a loan. And in addition to that,

1059
00:48:08,160 --> 00:48:10,680
Speaker 2: the black people are reluctant to even rent me a house.

1060
00:48:10,719 --> 00:48:13,360
Speaker 2: The black guys who get houses, they're reluctant to accept

1061
00:48:13,360 --> 00:48:16,440
Speaker 2: my section eight. They're reluctant to accept the single family

1062
00:48:16,480 --> 00:48:18,600
Speaker 2: mom because they think, you know, they look down upon

1063
00:48:18,640 --> 00:48:21,040
Speaker 2: them like the welfare clean, just like everyone else does.

1064
00:48:21,239 --> 00:48:24,560
Speaker 2: And so I would say to you, or my question

1065
00:48:24,760 --> 00:48:27,440
Speaker 2: is to you, how can we convince or how can

1066
00:48:27,480 --> 00:48:30,880
Speaker 2: we change that narrative? Because in your segment, you know,

1067
00:48:30,920 --> 00:48:32,920
Speaker 2: we have Rob Johnson, and kudos to him because Rob

1068
00:48:32,960 --> 00:48:36,480
Speaker 2: Johnson is a major affordable housing owner, as well as

1069
00:48:36,880 --> 00:48:39,560
Speaker 2: Brian Hope, so on and so forth. But there are

1070
00:48:39,600 --> 00:48:42,920
Speaker 2: others out there that you know, it's they're in the

1071
00:48:42,920 --> 00:48:45,839
Speaker 2: position to do those things. And it's always say, hey, man,

1072
00:48:45,880 --> 00:48:47,799
Speaker 2: I wish you guys would go buy more stocks, I

1073
00:48:47,840 --> 00:48:49,960
Speaker 2: wish you guys would go buy a house, and it's

1074
00:48:49,960 --> 00:48:53,000
Speaker 2: like you're in the position to provide that infrastructure, much

1075
00:48:53,160 --> 00:48:56,600
Speaker 2: like other communities, whether they were whether they did it

1076
00:48:56,640 --> 00:48:59,360
Speaker 2: by force through redlining, so on and so forth, but

1077
00:48:59,400 --> 00:49:03,480
Speaker 2: that was their upper class forcing the situation for the

1078
00:49:03,560 --> 00:49:05,480
Speaker 2: middle class to be able to participate.

1079
00:49:05,640 --> 00:49:08,160
Speaker 3: The upper white class.

1080
00:49:07,320 --> 00:49:10,960
Speaker 2: Instituted the redlining so that the lower white class would

1081
00:49:11,000 --> 00:49:13,600
Speaker 2: be able to participate and become middle class. And I

1082
00:49:13,640 --> 00:49:16,440
Speaker 2: think that if we want to have these changes, if

1083
00:49:16,440 --> 00:49:18,959
Speaker 2: we continue to simply harp to our middle and lower

1084
00:49:19,000 --> 00:49:21,719
Speaker 2: class that you need to change your behavior, what we're

1085
00:49:21,719 --> 00:49:25,480
Speaker 2: gonna ultimately do is you're going to drive very risky

1086
00:49:25,520 --> 00:49:29,200
Speaker 2: behavior from our middle and lower class citizens because now

1087
00:49:29,200 --> 00:49:33,160
Speaker 2: they're gonna say, well, I'm doing the responsible thing. However,

1088
00:49:33,320 --> 00:49:36,520
Speaker 2: you're telling me the responsible thing isn't working, and so

1089
00:49:36,680 --> 00:49:38,879
Speaker 2: now I'm gonna go and I'm just gonna throw all

1090
00:49:38,880 --> 00:49:41,440
Speaker 2: of my money in a meme stop because that's what

1091
00:49:41,480 --> 00:49:43,400
Speaker 2: the rich guys do, they invest.

1092
00:49:44,200 --> 00:49:46,640
Speaker 9: Can I asked a follow up question for you and

1093
00:49:46,920 --> 00:49:48,480
Speaker 9: you my brother Saw. I love that we get to

1094
00:49:48,480 --> 00:49:50,600
Speaker 9: have this dialogue when people don't think we're debating the

1095
00:49:50,640 --> 00:49:51,719
Speaker 9: same with me and Matt.

1096
00:49:53,040 --> 00:49:56,319
Speaker 8: Yes, you know, I love you.

1097
00:49:58,080 --> 00:50:00,879
Speaker 10: Before you respond in because people like this is King

1098
00:50:00,920 --> 00:50:03,719
Speaker 10: Authen when we talk about day one eu y L

1099
00:50:04,280 --> 00:50:06,279
Speaker 10: That's who he is, right, so you can put a

1100
00:50:06,320 --> 00:50:07,040
Speaker 10: crown in the chat.

1101
00:50:07,040 --> 00:50:07,640
Speaker 11: This is King out.

1102
00:50:07,600 --> 00:50:09,520
Speaker 10: There ain't no guidelines when it comes to this. This

1103
00:50:09,560 --> 00:50:11,879
Speaker 10: is our brother when you talk about anywhere we go,

1104
00:50:12,960 --> 00:50:15,440
Speaker 10: these all our conversations too. He's the first person to

1105
00:50:15,480 --> 00:50:18,200
Speaker 10: show up. He's the first person to give god extremely intelligence,

1106
00:50:18,239 --> 00:50:22,480
Speaker 10: extremely intelligent. If you don't know do the research on

1107
00:50:22,560 --> 00:50:25,759
Speaker 10: Wall Street. He used to be a risk analysis what

1108
00:50:25,840 --> 00:50:26,759
Speaker 10: did you do on Wall Street?

1109
00:50:26,760 --> 00:50:27,040
Speaker 8: Author?

1110
00:50:27,200 --> 00:50:30,759
Speaker 4: Now we're at mark from market makers market maker. He

1111
00:50:30,800 --> 00:50:31,439
Speaker 4: was a market maker.

1112
00:50:31,719 --> 00:50:35,040
Speaker 2: The largest market maker when when ets first started was

1113
00:50:35,080 --> 00:50:38,280
Speaker 2: le Branch structured products. We're on the American Stock Exchange.

1114
00:50:38,280 --> 00:50:40,600
Speaker 2: We are the largest market maker for ETFs.

1115
00:50:41,200 --> 00:50:43,160
Speaker 4: Yeah, but I I we're gonna say.

1116
00:50:43,239 --> 00:50:49,160
Speaker 9: I and I understand that point. And but when I'm

1117
00:50:49,280 --> 00:50:52,399
Speaker 9: just be honest, yep, let's do a poll, put yes

1118
00:50:52,440 --> 00:50:55,680
Speaker 9: in chat. If you guys that are watching tonight, blank

1119
00:50:55,960 --> 00:51:00,520
Speaker 9: bank black. I've had bank owners cry to me why

1120
00:51:00,600 --> 00:51:04,480
Speaker 9: the hell do they support those coin and even black

1121
00:51:04,560 --> 00:51:07,359
Speaker 9: people have been convinced to buy apes from board Ape

1122
00:51:07,400 --> 00:51:11,719
Speaker 9: Yarch Club, which is a racist artistic structure.

1123
00:51:12,600 --> 00:51:13,880
Speaker 8: But then won't bank black.

1124
00:51:14,560 --> 00:51:18,360
Speaker 9: Most of the entertainers that we support, they're not black owned.

1125
00:51:18,520 --> 00:51:21,399
Speaker 9: Even the ones that say they're black owned, we get

1126
00:51:21,400 --> 00:51:23,560
Speaker 9: a chance to sit in some of these meetings, they're.

1127
00:51:23,360 --> 00:51:26,760
Speaker 8: Not black owned. So what is a solution?

1128
00:51:26,800 --> 00:51:28,600
Speaker 9: Because even with that, I don't want to pit the

1129
00:51:28,760 --> 00:51:32,840
Speaker 9: upper class versus lower But if we are connectively, and

1130
00:51:32,880 --> 00:51:34,920
Speaker 9: this is my thing where I'm like, hey, let's just

1131
00:51:34,960 --> 00:51:36,920
Speaker 9: start with indexes because if we can do that, then

1132
00:51:36,960 --> 00:51:38,279
Speaker 9: we can go And I'm gonna be real.

1133
00:51:38,760 --> 00:51:41,520
Speaker 8: Most people don't buy y'all buy Gucci more than y'all

1134
00:51:41,560 --> 00:51:47,319
Speaker 8: do you? Why own merch? Why? I don't get that.

1135
00:51:47,320 --> 00:51:50,919
Speaker 8: That's weird because people actually vote.

1136
00:51:51,040 --> 00:51:52,960
Speaker 9: So I get to the point and a perspective, and

1137
00:51:53,200 --> 00:51:55,640
Speaker 9: this data comes out and people are upset and we're

1138
00:51:55,640 --> 00:51:57,520
Speaker 9: mad for that moment, right, kind of like when your

1139
00:51:57,520 --> 00:51:59,000
Speaker 9: girl go off on You're like, you didn't buy many

1140
00:51:59,000 --> 00:52:01,279
Speaker 9: flowers that See, we'll see what Troy did. He got

1141
00:52:01,280 --> 00:52:03,200
Speaker 9: off the plane and took his wife right to then there.

1142
00:52:03,239 --> 00:52:04,800
Speaker 9: You should do that, right, you get mad for a

1143
00:52:04,880 --> 00:52:07,719
Speaker 9: day and make a change. I'm a classic man, Come on, right,

1144
00:52:08,680 --> 00:52:10,240
Speaker 9: but what do you do with your dollars?

1145
00:52:10,360 --> 00:52:11,000
Speaker 8: I'm gonna be real.

1146
00:52:11,040 --> 00:52:12,919
Speaker 9: Most people are not investing half of their money in

1147
00:52:13,239 --> 00:52:14,640
Speaker 9: the market or into the asset. And I think we

1148
00:52:14,680 --> 00:52:20,720
Speaker 9: have the power to do so. You know what, I think, Yeah,

1149
00:52:20,800 --> 00:52:22,600
Speaker 9: I think we had a power to do so. But

1150
00:52:22,640 --> 00:52:26,640
Speaker 9: we want the feeling of being okay or free versus

1151
00:52:26,680 --> 00:52:27,320
Speaker 9: the work.

1152
00:52:27,080 --> 00:52:29,799
Speaker 8: That actually takes to then be free.

1153
00:52:29,920 --> 00:52:31,319
Speaker 9: And I'm one of the person who came from the

1154
00:52:31,320 --> 00:52:34,239
Speaker 9: bottom bottom like, and it took me years to.

1155
00:52:34,200 --> 00:52:35,120
Speaker 8: Get to where I am now.

1156
00:52:35,760 --> 00:52:38,360
Speaker 9: It took me fourteen fifteen years to get to be

1157
00:52:38,400 --> 00:52:39,879
Speaker 9: able to sit at this peak and give this shit

1158
00:52:39,960 --> 00:52:43,320
Speaker 9: easily away. Most people don't want to say they're seeing

1159
00:52:43,360 --> 00:52:45,200
Speaker 9: us out in LA and I think we're partying. I

1160
00:52:45,239 --> 00:52:48,200
Speaker 9: am exhausted. It's all meetings. So what is the actual

1161
00:52:48,239 --> 00:52:53,919
Speaker 9: solutions outside of even having this bourgeoise class versus lower

1162
00:52:53,920 --> 00:52:56,640
Speaker 9: because I don't even like that, that's not the way

1163
00:52:56,680 --> 00:52:59,680
Speaker 9: I answer, but we're not investing enough.

1164
00:52:59,840 --> 00:52:59,960
Speaker 7: Left.

1165
00:53:00,200 --> 00:53:01,719
Speaker 5: Let me let me chime in real quick, because I

1166
00:53:01,719 --> 00:53:05,440
Speaker 5: think what the question to Frank was like, how can

1167
00:53:05,480 --> 00:53:08,319
Speaker 5: it be framed in the in the mainstream media a

1168
00:53:08,320 --> 00:53:10,439
Speaker 5: little differently? And it is a valid he actually made.

1169
00:53:10,480 --> 00:53:12,439
Speaker 5: He actually made a lot of valid points. You made

1170
00:53:12,440 --> 00:53:14,879
Speaker 5: a lot of goalid points because even for me being

1171
00:53:15,239 --> 00:53:18,520
Speaker 5: being a financial advisor and once again going back to

1172
00:53:18,520 --> 00:53:20,560
Speaker 5: my my career as a financial advisor, and all of

1173
00:53:20,560 --> 00:53:23,000
Speaker 5: the clients that I worked with, the clients that you

1174
00:53:23,040 --> 00:53:25,600
Speaker 5: know were just you know, they didn't really have millions

1175
00:53:25,640 --> 00:53:29,319
Speaker 5: of dollars or even hundreds of thousands of dollars. They

1176
00:53:29,400 --> 00:53:30,919
Speaker 5: might not even have had a couple of hundred dollars

1177
00:53:30,960 --> 00:53:33,960
Speaker 5: a month, but they wanted to do something, and the

1178
00:53:34,000 --> 00:53:38,280
Speaker 5: common denominator was that, yeah, they just wasn't making enough money.

1179
00:53:38,440 --> 00:53:40,480
Speaker 5: That's the conversation that we need to have as well.

1180
00:53:40,760 --> 00:53:44,239
Speaker 5: It's because you're you're right. You know a lot of

1181
00:53:44,239 --> 00:53:47,160
Speaker 5: people rent, and the rents a lot of times are

1182
00:53:47,160 --> 00:53:51,200
Speaker 5: more expensive than a mortgage. And then you know, we

1183
00:53:51,400 --> 00:53:55,840
Speaker 5: have inflation, right, and it's like, I don't think the

1184
00:53:55,920 --> 00:54:00,000
Speaker 5: vast majority of black people are foolishly wasting the vast

1185
00:54:00,239 --> 00:54:02,680
Speaker 5: majority of their money because they don't really even have

1186
00:54:02,719 --> 00:54:06,200
Speaker 5: an option. They're literally living, Like if you're living paycheck

1187
00:54:06,239 --> 00:54:09,319
Speaker 5: to paycheck, you might be making some foolish decisions, but

1188
00:54:09,520 --> 00:54:11,640
Speaker 5: you're right, most of the money is going to your

1189
00:54:11,680 --> 00:54:16,279
Speaker 5: beare necessities, and you just don't have enough money left

1190
00:54:16,280 --> 00:54:18,319
Speaker 5: over at the end of the month, and then your

1191
00:54:18,480 --> 00:54:22,879
Speaker 5: income is not increasing enough to really keep up and

1192
00:54:23,000 --> 00:54:25,319
Speaker 5: you're just making less money as well. Hold on ian.

1193
00:54:26,480 --> 00:54:30,439
Speaker 5: So that's that's and that goes back to skilled being

1194
00:54:30,480 --> 00:54:33,359
Speaker 5: a highly skilled worker, being an entrepreneur, different things. So

1195
00:54:33,360 --> 00:54:35,880
Speaker 5: it's a it's a multi faceted conversation, but it is

1196
00:54:35,920 --> 00:54:39,120
Speaker 5: something that is you do bring up a good point.

1197
00:54:39,960 --> 00:54:43,520
Speaker 5: The data might be true, but it can possibly be

1198
00:54:43,680 --> 00:54:48,799
Speaker 5: reported a little differently to to really highlight. Okay, how

1199
00:54:48,800 --> 00:54:50,560
Speaker 5: do we get people to make more money?

1200
00:54:52,640 --> 00:54:57,759
Speaker 6: Absolutely? I mean Kingarth, disrespect man, get correct, you know

1201
00:54:57,800 --> 00:54:58,160
Speaker 6: what I mean.

1202
00:55:00,000 --> 00:55:01,840
Speaker 7: Two things to it. Number One, it's a TV story.

1203
00:55:02,440 --> 00:55:04,400
Speaker 7: You know, it can't get all the way down to

1204
00:55:04,440 --> 00:55:05,479
Speaker 7: the fine print on TV.

1205
00:55:05,760 --> 00:55:08,320
Speaker 3: No, no, no, yeah.

1206
00:55:08,160 --> 00:55:11,200
Speaker 7: But no, But it's a fair question. One thing I

1207
00:55:11,239 --> 00:55:13,160
Speaker 7: think you want to consider is then why have the

1208
00:55:13,520 --> 00:55:16,759
Speaker 7: why has Latino community been able to to build more

1209
00:55:16,760 --> 00:55:18,480
Speaker 7: wealth than us because they face a lot of the

1210
00:55:18,520 --> 00:55:21,719
Speaker 7: same hurdles. So some of it does come down to decisions.

1211
00:55:21,760 --> 00:55:24,560
Speaker 7: And you know, and again don't know you that well, man,

1212
00:55:24,600 --> 00:55:26,120
Speaker 7: I grew up poor, you know what I'm saying. But

1213
00:55:26,160 --> 00:55:28,719
Speaker 7: it costs money to be poor, and people always forget that.

1214
00:55:29,360 --> 00:55:31,440
Speaker 7: And just like compounding, you put a little bit of

1215
00:55:31,480 --> 00:55:35,759
Speaker 7: money and it grows one financial one bad financial decision snowballs.

1216
00:55:36,280 --> 00:55:38,839
Speaker 7: You make one decision with a credit card, your credit's bad.

1217
00:55:38,920 --> 00:55:41,600
Speaker 7: Now you got to pay more for everything, you know

1218
00:55:41,640 --> 00:55:43,600
Speaker 7: what I mean. So some of it is decision making,

1219
00:55:43,640 --> 00:55:46,560
Speaker 7: but is the is the probably the biggest single factor

1220
00:55:46,640 --> 00:55:51,520
Speaker 7: systemic you know, racism, systemic issues. Absolutely, there's gonna be

1221
00:55:51,560 --> 00:55:53,960
Speaker 7: a story you're gonna hear next month about the gender

1222
00:55:54,000 --> 00:55:59,120
Speaker 7: pay gap. You're gonna hear that it takes into twenty

1223
00:55:59,160 --> 00:56:02,680
Speaker 7: twenty two, into March of twenty twenty two for the

1224
00:56:02,800 --> 00:56:05,160
Speaker 7: average woman to make what a man makes in twenty

1225
00:56:05,200 --> 00:56:08,120
Speaker 7: twenty one. One number that a couple numbers that don't

1226
00:56:08,120 --> 00:56:10,759
Speaker 7: really get talked about, is that's the average for a

1227
00:56:10,800 --> 00:56:11,359
Speaker 7: black women.

1228
00:56:11,400 --> 00:56:14,560
Speaker 6: It takes them to August. That's a systemic issue.

1229
00:56:17,200 --> 00:56:21,560
Speaker 2: Now true, indeed, Chu, Indeed, one of the things to

1230
00:56:21,600 --> 00:56:24,280
Speaker 2: your point about the Latino community, one of the differences

1231
00:56:24,280 --> 00:56:27,359
Speaker 2: between the Latino community and the Black community is that

1232
00:56:27,680 --> 00:56:30,440
Speaker 2: many of many, much of the growth in the Latino

1233
00:56:30,520 --> 00:56:33,000
Speaker 2: community comes from the fact that they have a base

1234
00:56:33,080 --> 00:56:34,960
Speaker 2: from back home, so they can come here. Much like

1235
00:56:35,000 --> 00:56:37,680
Speaker 2: with the Asians. They when they come to the community,

1236
00:56:37,800 --> 00:56:39,399
Speaker 2: they don't have to go to a bank to get

1237
00:56:39,400 --> 00:56:42,719
Speaker 2: a loan. They can go to their Asian community and

1238
00:56:42,800 --> 00:56:45,319
Speaker 2: literally get a loan from their Asian community. That's how

1239
00:56:45,560 --> 00:56:49,520
Speaker 2: Chinatown in New York grew and took over Little Italy.

1240
00:56:49,560 --> 00:56:52,080
Speaker 2: It wasn't that the Chinese were coming in and they

1241
00:56:52,120 --> 00:56:55,040
Speaker 2: were getting loans from Bank of America. They were coming

1242
00:56:55,040 --> 00:56:57,520
Speaker 2: in and because they have a base back home in China,

1243
00:56:57,880 --> 00:57:01,000
Speaker 2: that base provides a lot of the loans and things.

1244
00:57:01,480 --> 00:57:03,799
Speaker 3: Black Americans don't have that with the.

1245
00:57:03,760 --> 00:57:05,680
Speaker 2: Exception of if you look at the difference, if you

1246
00:57:05,680 --> 00:57:10,440
Speaker 2: look at the difference between Black Americans here versus Africans.

1247
00:57:10,920 --> 00:57:13,560
Speaker 2: Africans that come here they tend to generate a little

1248
00:57:13,560 --> 00:57:15,279
Speaker 2: bit more wealth as well because they tend to have

1249
00:57:15,360 --> 00:57:19,000
Speaker 2: a base Caribbean Caribbean families when they move here, they

1250
00:57:19,040 --> 00:57:21,840
Speaker 2: also tend to have a base. It's not as significant

1251
00:57:21,880 --> 00:57:24,400
Speaker 2: as white families and Asian families, but they have a

1252
00:57:24,440 --> 00:57:27,560
Speaker 2: base that's stronger than the typical black family to be

1253
00:57:27,600 --> 00:57:29,640
Speaker 2: able to get loans from so on and so forth.

1254
00:57:29,680 --> 00:57:32,240
Speaker 2: So that I believe is part of the reason why

1255
00:57:32,320 --> 00:57:34,400
Speaker 2: you see the difference between us and why those other

1256
00:57:34,440 --> 00:57:38,400
Speaker 2: communities are able to advance. And just to make the

1257
00:57:38,440 --> 00:57:41,800
Speaker 2: point Ian, I don't think it's about picking on the

1258
00:57:43,040 --> 00:57:46,080
Speaker 2: upper black class, because it's not just their responsibility. It's

1259
00:57:46,080 --> 00:57:48,440
Speaker 2: just something about like we always say, it's a collaboration

1260
00:57:48,560 --> 00:57:53,000
Speaker 2: over competition, right, and so, but I think that I

1261
00:57:53,040 --> 00:57:56,920
Speaker 2: think that our upper class is just as miseducated as

1262
00:57:56,960 --> 00:57:59,440
Speaker 2: the lower class as well. And so if the upper

1263
00:57:59,440 --> 00:58:02,400
Speaker 2: class see that the lower class is making bad decisions

1264
00:58:02,440 --> 00:58:05,320
Speaker 2: because they just keep hearing that they're gonna treat them

1265
00:58:05,320 --> 00:58:07,360
Speaker 2: that way, and then they won't make the decision that

1266
00:58:07,400 --> 00:58:09,760
Speaker 2: they can make to be able to go on and

1267
00:58:09,800 --> 00:58:12,040
Speaker 2: be able to and and and and and be able

1268
00:58:12,040 --> 00:58:14,040
Speaker 2: to help them because they think in their mind, they

1269
00:58:14,040 --> 00:58:16,600
Speaker 2: think that the lower class is just making bad decisions.

1270
00:58:16,600 --> 00:58:20,200
Speaker 2: Because sometimes there is a disconnect even within our own community.

1271
00:58:20,600 --> 00:58:21,160
Speaker 3: Just one thing I.

1272
00:58:21,120 --> 00:58:22,640
Speaker 5: Wanted to let me, let me, let me just let

1273
00:58:22,680 --> 00:58:25,120
Speaker 5: me just you're making up. We gotta we gotta give

1274
00:58:25,200 --> 00:58:26,320
Speaker 5: him a podcast. That's why.

1275
00:58:26,600 --> 00:58:32,720
Speaker 4: Yeahs King authors Court.

1276
00:58:32,760 --> 00:58:33,680
Speaker 11: You already got the name.

1277
00:58:34,080 --> 00:58:39,240
Speaker 4: Yeah, it's not deal. We gotta get this deal done.

1278
00:58:39,280 --> 00:58:39,680
Speaker 4: You make up.

1279
00:58:39,680 --> 00:58:42,320
Speaker 5: But that's a that's you make a lot of valid points.

1280
00:58:42,600 --> 00:58:44,360
Speaker 5: Go ahead, go ahead, you try to raise your hands.

1281
00:58:45,120 --> 00:58:47,160
Speaker 8: Yeah, two points basics.

1282
00:58:47,240 --> 00:58:49,800
Speaker 9: I want you guys to google who came up with

1283
00:58:49,840 --> 00:58:52,920
Speaker 9: the advertising, the marketing campaign for there to be a

1284
00:58:53,040 --> 00:58:57,400
Speaker 9: central spending and sales in the nineteen thirties. Go talk

1285
00:58:57,440 --> 00:59:03,520
Speaker 9: to great grandma there as essential or basics. Same way

1286
00:59:03,560 --> 00:59:05,560
Speaker 9: for those you to love bacon ks. For those who

1287
00:59:05,560 --> 00:59:07,200
Speaker 9: don't know, I was an advertising the marketing pride of

1288
00:59:07,280 --> 00:59:10,040
Speaker 9: this at We're Brene's, which is relatively of Sigma Freid

1289
00:59:10,320 --> 00:59:11,240
Speaker 9: created their structure.

1290
00:59:11,280 --> 00:59:13,880
Speaker 8: Go look and see who made it.

1291
00:59:13,760 --> 00:59:16,920
Speaker 9: Like that for you to not work together, not collaborate,

1292
00:59:17,000 --> 00:59:18,480
Speaker 9: and then go spend your money because they even though

1293
00:59:18,520 --> 00:59:20,760
Speaker 9: centials and the basics that you buy, there is a

1294
00:59:20,880 --> 00:59:25,240
Speaker 9: for profit, publicly traded corporation that benefits off of their brainwashing. Secondly,

1295
00:59:25,560 --> 00:59:29,000
Speaker 9: we are the only community that elects our entertainers and

1296
00:59:29,080 --> 00:59:31,680
Speaker 9: athletes to be the top tier to make decisions from us,

1297
00:59:31,720 --> 00:59:34,000
Speaker 9: and they're brainwashed by their ownership.

1298
00:59:35,400 --> 00:59:36,800
Speaker 8: So we have a trickle down effect.

1299
00:59:36,800 --> 00:59:39,960
Speaker 9: So as you guys begin to champion other people and

1300
00:59:40,240 --> 00:59:43,000
Speaker 9: more intellectuals, you can see a shift to would then

1301
00:59:43,240 --> 00:59:47,760
Speaker 9: educate our community in in ten to fifty fifteen years.

1302
00:59:47,760 --> 00:59:49,400
Speaker 9: We can't as a person that was broke as hell,

1303
00:59:49,600 --> 00:59:51,800
Speaker 9: like I would go to small and lows medebic car

1304
00:59:51,880 --> 00:59:54,320
Speaker 9: and boy if they boss up on their they practicing

1305
00:59:54,480 --> 00:59:56,440
Speaker 9: nothing's on there, go ahead.

1306
00:59:57,320 --> 00:59:58,800
Speaker 8: I'm not even gonna call it in. Right.

1307
01:00:00,360 --> 01:00:03,040
Speaker 9: We have to have one collective thing, just like how

1308
01:00:03,080 --> 01:00:06,320
Speaker 9: we support little Baby and QC shout out them right,

1309
01:00:06,960 --> 01:00:09,400
Speaker 9: how we support We have to get behind one movement

1310
01:00:09,440 --> 01:00:11,960
Speaker 9: of investing in one asset class and then move That's

1311
01:00:11,960 --> 01:00:14,040
Speaker 9: why I say it's not real estate or stocks, it's

1312
01:00:14,080 --> 01:00:14,680
Speaker 9: both both.

1313
01:00:14,920 --> 01:00:15,880
Speaker 8: But if we keep.

1314
01:00:15,680 --> 01:00:19,840
Speaker 9: Fighting about why and systemic racism is the issue, we

1315
01:00:19,880 --> 01:00:22,840
Speaker 9: get that that's the umbrella that covers everything. Right, but

1316
01:00:22,920 --> 01:00:24,640
Speaker 9: what is the one action that we are going to

1317
01:00:24,760 --> 01:00:28,000
Speaker 9: take tonight to then say I'm going to work my

1318
01:00:28,040 --> 01:00:29,560
Speaker 9: ass off and then now I'm gonna have my friends

1319
01:00:29,560 --> 01:00:31,160
Speaker 9: and family and you got to see this do it

1320
01:00:31,160 --> 01:00:33,360
Speaker 9: every week. This why I give away this information free

1321
01:00:33,520 --> 01:00:34,960
Speaker 9: when every hedge on the earth that I talked to

1322
01:00:35,120 --> 01:00:35,560
Speaker 9: is like, why do you.

1323
01:00:35,560 --> 01:00:37,160
Speaker 8: Still do the show because I'm black?

1324
01:00:37,960 --> 01:00:39,640
Speaker 10: But that's what I don't I don't even want to

1325
01:00:39,640 --> 01:00:41,960
Speaker 10: discount the one action that people haven't taken. I think

1326
01:00:42,040 --> 01:00:44,680
Speaker 10: they have taken action by being here tonight. I think

1327
01:00:45,360 --> 01:00:47,960
Speaker 10: you got seventy six eight thousand people, thirteen thousand people

1328
01:00:48,000 --> 01:00:49,840
Speaker 10: tooing on a Monday when they geld be doing anything else.

1329
01:00:50,240 --> 01:00:53,160
Speaker 11: You got on Valentine's Day.

1330
01:00:53,640 --> 01:00:57,360
Speaker 10: Right while you sip in that dawn p sorry, ace

1331
01:00:57,440 --> 01:00:59,920
Speaker 10: of Spade, while you sipp in that ace of Spade,

1332
01:01:00,040 --> 01:01:02,080
Speaker 10: you're watching this. So the first part is that we're

1333
01:01:02,160 --> 01:01:05,040
Speaker 10: educating ourselves and we are coming together, right like we're

1334
01:01:05,080 --> 01:01:08,280
Speaker 10: together right now. Yeah, we're having a conversation. The king

1335
01:01:08,280 --> 01:01:09,960
Speaker 10: off this part of this conversation. But every monthday that

1336
01:01:10,080 --> 01:01:10,960
Speaker 10: people are here.

1337
01:01:10,800 --> 01:01:12,040
Speaker 4: Well this is this is the first sis.

1338
01:01:12,400 --> 01:01:16,040
Speaker 5: And I like this conversation because it's it's more intellectual

1339
01:01:16,080 --> 01:01:18,320
Speaker 5: than just saying, oh, that's not true that they're lion.

1340
01:01:19,160 --> 01:01:21,200
Speaker 4: He's actually bringing up valid points.

1341
01:01:21,640 --> 01:01:24,920
Speaker 5: I mean, he's actually backing up information and it actually

1342
01:01:24,960 --> 01:01:28,240
Speaker 5: makes sense. And another thing that he said that makes

1343
01:01:28,280 --> 01:01:32,920
Speaker 5: sense is there is a disconnect between the upper echelan,

1344
01:01:33,080 --> 01:01:36,880
Speaker 5: a lot of the upper echelon wealthy black, and the

1345
01:01:37,000 --> 01:01:39,680
Speaker 5: vast majority of the And this is why E y

1346
01:01:39,840 --> 01:01:43,800
Speaker 5: L has really excelled to the level that it has excelled,

1347
01:01:43,840 --> 01:01:48,440
Speaker 5: because we created a ladder for having high level conversations

1348
01:01:48,960 --> 01:01:53,320
Speaker 5: for the vast majority on equal and that is something

1349
01:01:53,800 --> 01:01:56,240
Speaker 5: that there is even to this day.

1350
01:01:56,360 --> 01:01:57,600
Speaker 4: We won't name any names.

1351
01:01:57,840 --> 01:01:59,840
Speaker 5: Well, we'll talk to you know, people that are worth

1352
01:02:00,040 --> 01:02:03,960
Speaker 5: undreds of millions of dollars and they're black, and they

1353
01:02:03,960 --> 01:02:06,880
Speaker 5: don't they have a different level of the way that they,

1354
01:02:06,960 --> 01:02:11,120
Speaker 5: you know, are understanding, a different understanding, a different understanding.

1355
01:02:11,360 --> 01:02:13,040
Speaker 4: So that's a real problem, it is.

1356
01:02:13,120 --> 01:02:14,960
Speaker 5: But the problem I think that the reason why I

1357
01:02:15,000 --> 01:02:18,800
Speaker 5: think that that is is because they're so disconnected.

1358
01:02:19,760 --> 01:02:21,680
Speaker 4: It's like Lil Wayne saying that there's no racism.

1359
01:02:22,560 --> 01:02:25,080
Speaker 5: I don't think that the reason why he said that

1360
01:02:25,080 --> 01:02:27,439
Speaker 5: there's no racism is because he's been a star since

1361
01:02:27,440 --> 01:02:30,480
Speaker 5: he was eleven years old. He's not really black. He's

1362
01:02:30,520 --> 01:02:33,160
Speaker 5: little wing. It's like ojay, it's an ojay. He wasn't black.

1363
01:02:33,240 --> 01:02:35,640
Speaker 5: Oh he's ojay. He got the guy got he got

1364
01:02:35,640 --> 01:02:38,000
Speaker 5: like thirty tattoos on his face, like anywhere he goes

1365
01:02:38,000 --> 01:02:40,920
Speaker 5: in the world, everything stops for Little Wayne. So he's like,

1366
01:02:41,000 --> 01:02:44,080
Speaker 5: the way I'm getting treated is royalty. I can't if

1367
01:02:44,120 --> 01:02:46,440
Speaker 5: I'm getting treated like this and I'm black, how can

1368
01:02:46,480 --> 01:02:47,280
Speaker 5: there be racism?

1369
01:02:47,680 --> 01:02:49,240
Speaker 10: And I mean those comments he's based off of the

1370
01:02:49,240 --> 01:02:50,760
Speaker 10: people who he sees it from the people who come

1371
01:02:50,800 --> 01:02:54,280
Speaker 10: support as he's that's his world. It's a disconnects the world.

1372
01:02:54,280 --> 01:02:58,280
Speaker 5: I mean, that's also when you're when you're half a million,

1373
01:02:58,440 --> 01:03:00,960
Speaker 5: half a billion up and you know you're around every

1374
01:03:01,000 --> 01:03:04,000
Speaker 5: single person doesn't look anything like you, then you can

1375
01:03:04,040 --> 01:03:07,280
Speaker 5: start to have a certain disconnect and distain. You can

1376
01:03:07,360 --> 01:03:09,240
Speaker 5: you got the real conversation you have, you can have

1377
01:03:09,280 --> 01:03:13,280
Speaker 5: a certain level of disdain for your own people because

1378
01:03:13,320 --> 01:03:15,720
Speaker 5: you're like, oh, you didn't work hard enough, pull yourself

1379
01:03:15,760 --> 01:03:17,960
Speaker 5: up by the same rhetoric that's been run. Because now

1380
01:03:18,000 --> 01:03:19,960
Speaker 5: you start to actually believe it yourself, because you don't

1381
01:03:19,960 --> 01:03:20,920
Speaker 5: really look at yourself like that.

1382
01:03:21,000 --> 01:03:23,280
Speaker 4: You look at yourself like you're above the rest of

1383
01:03:23,280 --> 01:03:23,760
Speaker 4: these people.

1384
01:03:23,800 --> 01:03:26,320
Speaker 11: But that's why I said this is a financial revolution.

1385
01:03:26,080 --> 01:03:28,520
Speaker 4: But I'm just saying it's still a beginning stage.

1386
01:03:29,240 --> 01:03:29,760
Speaker 11: But that's what I'm saying.

1387
01:03:29,760 --> 01:03:30,000
Speaker 3: It's been.

1388
01:03:31,000 --> 01:03:32,680
Speaker 10: But we live by that right, there's more people that

1389
01:03:32,720 --> 01:03:34,640
Speaker 10: are like us than are sitting up here and no

1390
01:03:34,720 --> 01:03:36,120
Speaker 10: respect that inviody with the shot.

1391
01:03:37,000 --> 01:03:39,400
Speaker 5: People used the race card when it's convenient, Like you

1392
01:03:39,520 --> 01:03:43,360
Speaker 5: see you'll see Clarence Thomas talking about being black when

1393
01:03:43,400 --> 01:03:44,560
Speaker 5: he was going through that case.

1394
01:03:44,920 --> 01:03:46,720
Speaker 4: He doesn't say anything about being black, sinse.

1395
01:03:50,360 --> 01:03:53,040
Speaker 9: But back to the Wayne point, the other side of

1396
01:03:53,040 --> 01:03:57,480
Speaker 9: it too, Wayne is an asset to a music entity

1397
01:03:57,560 --> 01:04:02,480
Speaker 9: that still believes in the slave model. That so it's

1398
01:04:02,480 --> 01:04:05,280
Speaker 9: the only industry where your intellectual property is called your

1399
01:04:05,320 --> 01:04:06,920
Speaker 9: masters and we openingly are gonna take it from you

1400
01:04:06,920 --> 01:04:09,080
Speaker 9: because now you're our slave. At the time, we ain't

1401
01:04:09,640 --> 01:04:11,160
Speaker 9: put out his own music. That had nothing to do

1402
01:04:11,200 --> 01:04:16,280
Speaker 9: with Birdman, who releases music on behalf of Birdman. Let's

1403
01:04:16,320 --> 01:04:20,400
Speaker 9: go there. Your favorite quote from Dick Gregory who runs Universal,

1404
01:04:21,440 --> 01:04:25,000
Speaker 9: that was Godfather, right. My favorite quote from Dick Gregory

1405
01:04:25,120 --> 01:04:27,640
Speaker 9: is it's not the crabs in the barrel that causes

1406
01:04:27,680 --> 01:04:29,480
Speaker 9: the fighting us the hot water that is poured on

1407
01:04:29,520 --> 01:04:31,760
Speaker 9: top of them. The reason I have an issue with

1408
01:04:31,800 --> 01:04:35,000
Speaker 9: some of these conversations go look these were playing in

1409
01:04:35,080 --> 01:04:38,680
Speaker 9: nineteen eighty three. I gotta give a credit and Charlemagne

1410
01:04:38,720 --> 01:04:40,479
Speaker 9: had a two on this podcast see The Lord's Tucker

1411
01:04:40,480 --> 01:04:41,400
Speaker 9: and all and back in the day.

1412
01:04:41,320 --> 01:04:43,680
Speaker 8: They were really right about how to use rap to

1413
01:04:43,920 --> 01:04:48,200
Speaker 8: misinform us. Once again, we're the only community where the

1414
01:04:48,280 --> 01:04:51,480
Speaker 8: music is our primary educational platform.

1415
01:04:51,800 --> 01:04:54,080
Speaker 9: That's a mistake. But who designs that? And now we

1416
01:04:54,160 --> 01:04:55,560
Speaker 9: get a chance to sit into the meetings and see

1417
01:04:55,560 --> 01:04:56,120
Speaker 9: some of the planning.

1418
01:04:58,080 --> 01:05:01,040
Speaker 8: It's gonna get worse. It's a worse I agree for three.

1419
01:05:01,120 --> 01:05:04,120
Speaker 9: It's not going with you in a beef conversation. Same

1420
01:05:04,160 --> 01:05:06,439
Speaker 9: way like the other day. It was twenty six years

1421
01:05:06,440 --> 01:05:09,360
Speaker 9: since All Eyes on Me was released. Damn, we're getting

1422
01:05:09,360 --> 01:05:12,400
Speaker 9: all right. But these conversations were created in the same

1423
01:05:12,440 --> 01:05:14,680
Speaker 9: way that East Coast West Coast narrative got pushed by

1424
01:05:14,760 --> 01:05:16,960
Speaker 9: Vibe and all them these talking points that got brought

1425
01:05:17,000 --> 01:05:18,280
Speaker 9: up because look, they were not there probably of the

1426
01:05:18,360 --> 01:05:19,120
Speaker 9: nineteen fifty eight.

1427
01:05:19,200 --> 01:05:20,640
Speaker 8: Go Look, there's a.

1428
01:05:20,920 --> 01:05:23,880
Speaker 9: Person that studied advertising since the fourteen hundreds. This shit

1429
01:05:24,000 --> 01:05:25,160
Speaker 9: was planning in our community.

1430
01:05:25,440 --> 01:05:26,240
Speaker 8: Even I really.

1431
01:05:26,120 --> 01:05:29,240
Speaker 10: Argue about but there's a few dudes every generation that

1432
01:05:29,320 --> 01:05:30,880
Speaker 10: wasn't supposed to pick it out. And the code, the

1433
01:05:30,920 --> 01:05:33,080
Speaker 10: matrix and when they get to speak, and it's like

1434
01:05:33,080 --> 01:05:35,440
Speaker 10: a spoken language, right, and so that's our role.

1435
01:05:35,520 --> 01:05:37,640
Speaker 11: Like we said, everybody got a roll, We're gonna do this.

1436
01:05:37,920 --> 01:05:39,400
Speaker 10: But the people that are listening right now, the people

1437
01:05:39,440 --> 01:05:41,320
Speaker 10: that are watching people tune in, they got to roll

1438
01:05:41,320 --> 01:05:43,000
Speaker 10: into two, right, They gotta spread the message.

1439
01:05:43,000 --> 01:05:45,480
Speaker 11: They gott to feed what they've learned to the next person.

1440
01:05:45,880 --> 01:05:48,320
Speaker 10: That's why I said it's more of a revolution, right,

1441
01:05:48,320 --> 01:05:49,800
Speaker 10: because it's more people that's gonna be like us, that

1442
01:05:49,840 --> 01:05:51,840
Speaker 10: can relate to us. And so when they see us

1443
01:05:51,840 --> 01:05:54,200
Speaker 10: as sin, they not only are they watching us a send,

1444
01:05:54,200 --> 01:05:57,040
Speaker 10: they're ascending with us. Rather than saying, look how far

1445
01:05:57,160 --> 01:05:58,800
Speaker 10: he can go or look how far she can go.

1446
01:05:59,120 --> 01:06:01,320
Speaker 10: I wish I could do that. Now we all rising together.

1447
01:06:02,000 --> 01:06:03,400
Speaker 10: You see what I'm saying. So I agree with you

1448
01:06:03,480 --> 01:06:04,320
Speaker 10: in that's a great point.

1449
01:06:04,480 --> 01:06:07,920
Speaker 5: Yeah, all right, let's get one more question in often

1450
01:06:08,000 --> 01:06:08,800
Speaker 5: that was excellent.

1451
01:06:11,000 --> 01:06:11,280
Speaker 4: Thank you?

1452
01:06:11,320 --> 01:06:13,320
Speaker 6: Wait really quick for are you got king, Arthur.

1453
01:06:15,680 --> 01:06:15,840
Speaker 8: King?

1454
01:06:15,960 --> 01:06:16,120
Speaker 6: Arth?

1455
01:06:16,120 --> 01:06:20,120
Speaker 7: You's so there one quick point. Great great points about

1456
01:06:20,120 --> 01:06:22,400
Speaker 7: grocery stores and auto companies. But a grocery store is

1457
01:06:22,480 --> 01:06:25,000
Speaker 7: really fin margin business, Like a four or five percent

1458
01:06:25,040 --> 01:06:27,080
Speaker 7: margin is amazing for a grocery store.

1459
01:06:27,400 --> 01:06:30,520
Speaker 6: That means it's easy to fail. It's a really hard business. Succeed.

1460
01:06:30,840 --> 01:06:32,680
Speaker 6: You got to keep putting toilet paper on the shelf.

1461
01:06:32,920 --> 01:06:34,800
Speaker 7: It costs money to get to truck it in, it

1462
01:06:34,840 --> 01:06:36,439
Speaker 7: costs money for the person to put it on there.

1463
01:06:36,840 --> 01:06:38,680
Speaker 7: I mean, it's just it's a very intense, hard to

1464
01:06:38,680 --> 01:06:41,240
Speaker 7: make money business. And then the auto business is on

1465
01:06:41,280 --> 01:06:43,120
Speaker 7: the other side, you know what I mean, Like it's

1466
01:06:43,160 --> 01:06:45,720
Speaker 7: a big cap ex capital expenditure business. You got to

1467
01:06:45,760 --> 01:06:48,360
Speaker 7: create a factory to create a car, you got to

1468
01:06:48,360 --> 01:06:51,320
Speaker 7: do research and development for a few years. So those

1469
01:06:51,360 --> 01:06:53,600
Speaker 7: two things are just on the opposite end, but two

1470
01:06:53,800 --> 01:06:55,000
Speaker 7: very difficult businesses.

1471
01:06:55,040 --> 01:06:57,560
Speaker 6: Like and I'm just throwing out an idea. I'm you know,

1472
01:06:57,600 --> 01:06:59,600
Speaker 6: I don't own any businesses. I'm full disclosure. I don't

1473
01:06:59,600 --> 01:06:59,920
Speaker 6: own a bus.

1474
01:07:00,120 --> 01:07:01,600
Speaker 7: This, I don't own like a plan to do this.

1475
01:07:01,720 --> 01:07:04,360
Speaker 7: But a lotion company will be in just a natural fit.

1476
01:07:04,480 --> 01:07:07,880
Speaker 7: It's a very low end entry to get into the business.

1477
01:07:07,960 --> 01:07:11,800
Speaker 7: Who doesn't use lotion? And if we all made or

1478
01:07:11,960 --> 01:07:13,480
Speaker 7: you all came up with a lotion and toil all

1479
01:07:13,480 --> 01:07:15,560
Speaker 7: your follows use it, what will be the difference between

1480
01:07:15,560 --> 01:07:16,320
Speaker 7: this lotion and the other?

1481
01:07:16,680 --> 01:07:18,000
Speaker 6: All lotion does the same stuff.

1482
01:07:18,120 --> 01:07:23,240
Speaker 5: Shah, that's like Shae moisturized. It not Carol's daughter, Carol's

1483
01:07:23,240 --> 01:07:25,480
Speaker 5: doing it, but they sold. They sold the company.

1484
01:07:26,320 --> 01:07:29,680
Speaker 2: Yeah, and the and and and I and I definitely,

1485
01:07:29,760 --> 01:07:33,400
Speaker 2: I definitely agree with you. The contention I would make

1486
01:07:33,440 --> 01:07:35,800
Speaker 2: with that is that when it comes to personal care,

1487
01:07:35,880 --> 01:07:38,800
Speaker 2: we while they talk about the when they so when

1488
01:07:38,800 --> 01:07:41,040
Speaker 2: they talk about how much we spend on those things

1489
01:07:41,080 --> 01:07:45,400
Speaker 2: personal care, clothing, and those times, they'll just they'll state

1490
01:07:45,440 --> 01:07:49,000
Speaker 2: the raw number, like the dollar number. However, we spend

1491
01:07:49,080 --> 01:07:52,360
Speaker 2: less than three percent of our spending on those things.

1492
01:07:52,560 --> 01:07:56,800
Speaker 2: So even if we spent every single dollar that we

1493
01:07:56,840 --> 01:08:00,560
Speaker 2: did on personal care and on clothing, that would be

1494
01:08:00,680 --> 01:08:03,800
Speaker 2: three percent of our total spending that we would be

1495
01:08:03,800 --> 01:08:06,480
Speaker 2: able to capture. I think, to my to our point,

1496
01:08:06,520 --> 01:08:11,000
Speaker 2: I think to your point, obviously, transportation is very difficult

1497
01:08:11,000 --> 01:08:13,480
Speaker 2: because the capex is very high.

1498
01:08:13,720 --> 01:08:16,439
Speaker 3: Food is very difficult because it's a thin margin.

1499
01:08:16,720 --> 01:08:19,640
Speaker 2: However, what we're talking about is a very difficult situation,

1500
01:08:20,040 --> 01:08:22,880
Speaker 2: and we're gonna have to take a major risk if we.

1501
01:08:22,840 --> 01:08:24,200
Speaker 3: Want that major change.

1502
01:08:24,439 --> 01:08:27,000
Speaker 2: And the only people who are in the position to

1503
01:08:27,040 --> 01:08:29,320
Speaker 2: take that major risk, even though I don't want to,

1504
01:08:29,400 --> 01:08:31,519
Speaker 2: like I said, it's not about picking, they're the ones

1505
01:08:31,520 --> 01:08:33,200
Speaker 2: who are most in the position to be able to

1506
01:08:33,200 --> 01:08:35,639
Speaker 2: take that major risk are those with the most money,

1507
01:08:35,880 --> 01:08:36,519
Speaker 2: you know what I mean.

1508
01:08:36,600 --> 01:08:40,160
Speaker 3: And so the easiest spot, I think is real estate.

1509
01:08:40,280 --> 01:08:42,439
Speaker 2: That's the easiest and obvious place to be able to

1510
01:08:42,479 --> 01:08:45,559
Speaker 2: do it, to be able to capture our money. And

1511
01:08:45,600 --> 01:08:48,519
Speaker 2: also that's where we still spend the most of our money, you.

1512
01:08:48,479 --> 01:08:49,000
Speaker 3: Know what I mean.

1513
01:08:49,240 --> 01:08:52,320
Speaker 2: And in addition to that, the US government gives the

1514
01:08:52,360 --> 01:08:58,200
Speaker 2: black community ten billion dollars every year in housing vouchers,

1515
01:08:58,560 --> 01:09:02,000
Speaker 2: ten billion, and the overwhelming majority of that goes to

1516
01:09:02,080 --> 01:09:05,000
Speaker 2: black women, you know what I mean. And however, I

1517
01:09:05,040 --> 01:09:08,400
Speaker 2: think made less than two billion of that gets captured

1518
01:09:08,439 --> 01:09:11,760
Speaker 2: back into our community, in large part because those of

1519
01:09:11,800 --> 01:09:14,880
Speaker 2: us who do own the housing that can rent are

1520
01:09:14,880 --> 01:09:20,040
Speaker 2: reluctant to relate to rent to their aunts and cousins.

1521
01:09:22,680 --> 01:09:25,360
Speaker 9: I give a very obvious answer to most people don't

1522
01:09:25,400 --> 01:09:27,800
Speaker 9: think about I'm gonna talk about tech all the time.

1523
01:09:27,840 --> 01:09:29,760
Speaker 9: Building the tech company does not cost as much as

1524
01:09:29,760 --> 01:09:32,960
Speaker 9: you think. To get an MVP. I'll say that I

1525
01:09:33,000 --> 01:09:34,559
Speaker 9: want to go into must deeper detail, but I want

1526
01:09:34,560 --> 01:09:36,479
Speaker 9: to get another question in. But I will say for

1527
01:09:36,560 --> 01:09:41,000
Speaker 9: those of you that are promoting brands and go look

1528
01:09:41,040 --> 01:09:43,720
Speaker 9: to see what a scalable MVP cost if you get

1529
01:09:43,720 --> 01:09:46,960
Speaker 9: a built let's just say in Australia, it doesn't not

1530
01:09:47,000 --> 01:09:48,120
Speaker 9: cost as much as you think.

1531
01:09:49,160 --> 01:09:51,200
Speaker 8: I'll say that, Well, you.

1532
01:09:51,200 --> 01:09:53,040
Speaker 9: Have to have a courage to stop going for long

1533
01:09:53,080 --> 01:09:55,600
Speaker 9: hanging businesses and long hunging fruit and go for the

1534
01:09:55,600 --> 01:09:56,960
Speaker 9: businesses that can really matter.

1535
01:09:57,280 --> 01:09:58,200
Speaker 4: I can't want to be free.

1536
01:09:58,560 --> 01:10:00,960
Speaker 5: And when you don't know what, when you don't know

1537
01:10:01,000 --> 01:10:03,000
Speaker 5: what to do, you do what you know. And that's

1538
01:10:03,000 --> 01:10:05,759
Speaker 5: one of the things with businesses, like you know, we

1539
01:10:05,760 --> 01:10:09,240
Speaker 5: we know how to do a barbershop, we know how

1540
01:10:09,240 --> 01:10:11,120
Speaker 5: to do a restaurant, we know how to do that,

1541
01:10:11,760 --> 01:10:14,599
Speaker 5: and that's something that we've seen we don't really we

1542
01:10:14,640 --> 01:10:18,080
Speaker 5: haven't really seen too many high level tech companies that

1543
01:10:18,120 --> 01:10:18,800
Speaker 5: have taken off.

1544
01:10:18,800 --> 01:10:22,800
Speaker 4: So that's why exposure. That's why we're e y L

1545
01:10:23,360 --> 01:10:23,840
Speaker 4: this year.

1546
01:10:23,920 --> 01:10:28,800
Speaker 5: We're highlighting tech companies so we can actually give that

1547
01:10:28,920 --> 01:10:32,280
Speaker 5: you know, aid to information, but also the exposure because

1548
01:10:32,320 --> 01:10:36,200
Speaker 5: you're right, but you know, part of that is the exposure.

1549
01:10:36,320 --> 01:10:38,240
Speaker 5: The other part of it is information. The other part

1550
01:10:38,240 --> 01:10:41,040
Speaker 5: of it is relationships. The other part of it is capital.

1551
01:10:41,520 --> 01:10:43,960
Speaker 8: So you know, it's part of the execution because people

1552
01:10:44,000 --> 01:10:44,759
Speaker 8: execute the capital.

1553
01:10:45,520 --> 01:10:47,519
Speaker 9: So I'm gonna come back on a ramp side real quick,

1554
01:10:47,880 --> 01:10:52,120
Speaker 9: build faster. You guys know sound called Apple Music, Netflix, Hulu.

1555
01:10:53,520 --> 01:11:00,880
Speaker 9: OnlyFans build build. Those who don't have dates enjoy. Kesha's

1556
01:11:00,920 --> 01:11:02,479
Speaker 9: not going to see you tonight at twelve thirty.

1557
01:11:02,640 --> 01:11:03,599
Speaker 8: She's not. She's busy.

1558
01:11:04,360 --> 01:11:06,479
Speaker 9: Go build some tech and quit talking if you really

1559
01:11:06,479 --> 01:11:08,639
Speaker 9: want to be free. And for those of you in Atlanta,

1560
01:11:08,840 --> 01:11:10,599
Speaker 9: part of I love Atlanta, especially those of you from

1561
01:11:10,760 --> 01:11:11,759
Speaker 9: from their shat of dom.

1562
01:11:11,800 --> 01:11:14,840
Speaker 8: Is a warrior spirit La Bay Area warriors spirit. Quit

1563
01:11:14,880 --> 01:11:15,519
Speaker 8: talking about it.

1564
01:11:15,560 --> 01:11:17,479
Speaker 9: We're the only group of people on earth to talk

1565
01:11:17,520 --> 01:11:20,000
Speaker 9: about our community problems on open platforms.

1566
01:11:20,160 --> 01:11:21,799
Speaker 8: The answers to go and build.

1567
01:11:22,680 --> 01:11:25,000
Speaker 9: I didn't like the commentary that I saw on the market,

1568
01:11:25,120 --> 01:11:27,120
Speaker 9: so I approached it. These are the ones to invest in.

1569
01:11:27,240 --> 01:11:29,400
Speaker 9: These are trash fill Its very clear, these are the prices.

1570
01:11:29,400 --> 01:11:30,640
Speaker 9: If it don't work, I'll give you my money. If

1571
01:11:30,680 --> 01:11:32,639
Speaker 9: I made you money, please put yes and chet. Nobody

1572
01:11:32,720 --> 01:11:35,639
Speaker 9: did that. Pride of me, excluding nobody, go build.

1573
01:11:35,880 --> 01:11:37,479
Speaker 5: Yeah, you got you have to build, and I think

1574
01:11:37,479 --> 01:11:39,280
Speaker 5: that that's I mean, if you look at eyl right,

1575
01:11:39,320 --> 01:11:42,200
Speaker 5: we built the media company. So but we also have

1576
01:11:42,280 --> 01:11:45,920
Speaker 5: to have a certain level of understanding, compassion, and we

1577
01:11:46,040 --> 01:11:48,280
Speaker 5: have to you know, we have to have a certain

1578
01:11:48,320 --> 01:11:51,320
Speaker 5: level of empathy too, because people a have been beating

1579
01:11:51,400 --> 01:11:54,439
Speaker 5: down for a long period of time mentally, and people

1580
01:11:54,479 --> 01:11:57,320
Speaker 5: don't have confidence. So part of having the part of

1581
01:11:57,479 --> 01:11:59,600
Speaker 5: one of the major parts of education is that it

1582
01:11:59,600 --> 01:12:02,200
Speaker 5: gives you confidence. You're not really confident if you're not

1583
01:12:02,240 --> 01:12:04,599
Speaker 5: fully educated. So this is why we create a platform

1584
01:12:04,680 --> 01:12:07,080
Speaker 5: to actually educate people so they could become more confident,

1585
01:12:07,080 --> 01:12:09,480
Speaker 5: and then with that confidence, then they can execute.

1586
01:12:10,880 --> 01:12:11,680
Speaker 11: In the words.

1587
01:12:14,240 --> 01:12:19,520
Speaker 10: Frank you learn in the words of the great Beanie Seagull.

1588
01:12:20,760 --> 01:12:22,040
Speaker 4: What's your what's your what's your reply?

1589
01:12:22,160 --> 01:12:22,479
Speaker 8: So you have.

1590
01:12:24,400 --> 01:12:27,759
Speaker 11: I thought you was like catching the words I thought.

1591
01:12:30,880 --> 01:12:33,479
Speaker 8: Question for you? Right last one.

1592
01:12:33,760 --> 01:12:36,840
Speaker 9: If we're playing against Rock Nation, we got a red

1593
01:12:36,880 --> 01:12:39,120
Speaker 9: pand your wife a hooped team, and you passed me

1594
01:12:39,160 --> 01:12:40,680
Speaker 9: the ball and there's three seconds left and I let

1595
01:12:40,680 --> 01:12:42,880
Speaker 9: the clock run out. Are you're gonna have compassion that

1596
01:12:42,960 --> 01:12:46,639
Speaker 9: I lost the championship? You're gonna make the face right.

1597
01:12:47,280 --> 01:12:49,280
Speaker 9: So if we're in dire straits and we're down for

1598
01:12:49,360 --> 01:12:51,760
Speaker 9: our last three seconds, there's no room for compassion.

1599
01:12:52,360 --> 01:12:56,080
Speaker 8: That was room for compassion with Jesse there Martin. Now

1600
01:12:56,280 --> 01:12:59,519
Speaker 8: there's no room for compassion now we're damning on death.

1601
01:12:59,600 --> 01:13:01,160
Speaker 8: Door step quit plan.

1602
01:13:01,640 --> 01:13:03,840
Speaker 9: They can be the nice guys, but when you walk

1603
01:13:03,880 --> 01:13:05,840
Speaker 9: into these rooms, shut up.

1604
01:13:05,920 --> 01:13:08,000
Speaker 8: Promise, oh go go.

1605
01:13:08,040 --> 01:13:11,200
Speaker 9: Look who promises that he building with yay, that he's

1606
01:13:11,240 --> 01:13:14,480
Speaker 9: going to launch is going to destroy the financial industry?

1607
01:13:14,760 --> 01:13:16,720
Speaker 9: Brother like us, I say, hey, what you do to

1608
01:13:16,720 --> 01:13:18,559
Speaker 9: build it? I paid for it and built it myself

1609
01:13:18,560 --> 01:13:20,800
Speaker 9: to work on them for six years. What advice you

1610
01:13:20,880 --> 01:13:23,360
Speaker 9: got for people who really want to build? He said,

1611
01:13:23,400 --> 01:13:26,920
Speaker 9: people that really want to build on the advice that

1612
01:13:27,040 --> 01:13:29,960
Speaker 9: sounds cute, that sounds cut in them comments, Oh man,

1613
01:13:30,000 --> 01:13:31,920
Speaker 9: we need to be soft on each other. There is

1614
01:13:32,040 --> 01:13:35,800
Speaker 9: no room if you have kids, fellas you have a woman.

1615
01:13:35,960 --> 01:13:37,519
Speaker 9: Look at your woman, asks her right now? Do I

1616
01:13:37,520 --> 01:13:39,240
Speaker 9: got enough money for you to never leave me? It

1617
01:13:39,280 --> 01:13:42,639
Speaker 9: ain't about the money, but ask heart. That's why they

1618
01:13:42,720 --> 01:13:43,600
Speaker 9: like them rants.

1619
01:13:43,360 --> 01:13:45,679
Speaker 8: Because they know I'm doing what I'm talking about. There's

1620
01:13:45,680 --> 01:13:48,599
Speaker 8: no room for compassion. No room.

1621
01:13:49,040 --> 01:13:50,720
Speaker 6: Yeah, man, I gotta I got a firmly.

1622
01:13:54,800 --> 01:14:01,639
Speaker 9: Cut this out, bring off the back too, Raise your hand, bro.

1623
01:14:02,960 --> 01:14:07,320
Speaker 6: Got raise my hand, My bad, This is good man.

1624
01:14:07,439 --> 01:14:09,599
Speaker 6: A man makes money. Money can never make a man.

1625
01:14:10,520 --> 01:14:12,599
Speaker 9: I agree, But we need capital in order to help

1626
01:14:12,640 --> 01:14:15,320
Speaker 9: build each other My main thing is if you know

1627
01:14:15,360 --> 01:14:17,400
Speaker 9: ten people that need help, we shouldn't go to a bank.

1628
01:14:17,640 --> 01:14:18,479
Speaker 8: They should come here.

1629
01:14:19,360 --> 01:14:22,320
Speaker 9: That's why every week I'm like, hey, even people like hey,

1630
01:14:22,320 --> 01:14:24,240
Speaker 9: I need help them with my pitchtick. If the product

1631
01:14:24,360 --> 01:14:25,680
Speaker 9: is good and we have enough money, we should be

1632
01:14:25,720 --> 01:14:26,679
Speaker 9: able to fund our own things.

1633
01:14:27,320 --> 01:14:29,320
Speaker 6: Yeah, but I mean that that could. It should.

1634
01:14:29,320 --> 01:14:31,759
Speaker 7: There's a lot of reasons why. Some of that's not happening.

1635
01:14:31,800 --> 01:14:34,200
Speaker 7: Some of it is our fault. Some of its systemic.

1636
01:14:34,680 --> 01:14:37,960
Speaker 7: Some of it's just America, man, Like, everybody can't be rich.

1637
01:14:38,040 --> 01:14:42,440
Speaker 7: Capitalism creates inequality. Period, we enjoy the fruits of capitalism.

1638
01:14:42,800 --> 01:14:44,839
Speaker 7: I got a great phone right here, man. This is capitalism.

1639
01:14:44,880 --> 01:14:46,840
Speaker 7: I can watch movies on it. I can text y'all

1640
01:14:47,200 --> 01:14:49,280
Speaker 7: my computer craft that I hit y'all with a text

1641
01:14:49,280 --> 01:14:51,960
Speaker 7: in two seconds. Y'all saw the message two nanoseconds later.

1642
01:14:52,320 --> 01:14:54,679
Speaker 7: That's capitalism. But some of that is also an equality.

1643
01:14:54,720 --> 01:14:57,000
Speaker 7: We got to understand. That's part of it. Every time

1644
01:14:57,040 --> 01:14:58,920
Speaker 7: you buy a stock and it goes up twenty percent,

1645
01:14:59,320 --> 01:15:01,640
Speaker 7: somebody else sold it and they lost the opportunity to

1646
01:15:01,720 --> 01:15:04,080
Speaker 7: learn that twenty percent of another stock went down twenty percent.

1647
01:15:04,120 --> 01:15:06,000
Speaker 7: It's to EBB and the flow of things. I think

1648
01:15:06,000 --> 01:15:08,880
Speaker 7: what you're saying is we're not playing on a level

1649
01:15:08,920 --> 01:15:11,599
Speaker 7: playing field. And why are we not playing a level

1650
01:15:11,600 --> 01:15:14,200
Speaker 7: playing field? There's multiple reasons. Are the things that we

1651
01:15:14,240 --> 01:15:17,240
Speaker 7: can do to try to level it out a little bit? Absolutely?

1652
01:15:17,800 --> 01:15:19,360
Speaker 7: My man King Arthur, he was like, well, it's only

1653
01:15:19,400 --> 01:15:22,280
Speaker 7: three percent if we spend our money on personal care products,

1654
01:15:22,320 --> 01:15:25,799
Speaker 7: but it's three percent of one point six trillion dollars.

1655
01:15:26,320 --> 01:15:28,759
Speaker 7: And if we own it. It's also a high margin business.

1656
01:15:28,800 --> 01:15:31,120
Speaker 7: Lotion has incredible market up. I would imagine I don't

1657
01:15:31,120 --> 01:15:32,960
Speaker 7: notice for a fact, but I'm just gonna imagine it's

1658
01:15:33,000 --> 01:15:35,800
Speaker 7: some juices, some water, and some aloe in there, you

1659
01:15:35,840 --> 01:15:37,760
Speaker 7: know what I mean. So I can't imagine. There's a

1660
01:15:37,800 --> 01:15:39,880
Speaker 7: lot of high input costs, but that would be a start.

1661
01:15:39,920 --> 01:15:42,160
Speaker 7: We got to start places like I got my lady's

1662
01:15:42,160 --> 01:15:43,800
Speaker 7: flowers behind me. I'm gonna be honest. I did not

1663
01:15:43,840 --> 01:15:46,800
Speaker 7: buy them from a black wall. I wish, I wish

1664
01:15:46,840 --> 01:15:49,000
Speaker 7: I would add, I shouldn't. You know what I'm saying.

1665
01:15:49,120 --> 01:15:51,160
Speaker 7: I'm gonna keep it realer with you though. When my

1666
01:15:51,240 --> 01:15:53,960
Speaker 7: mom passed away, I did buy flowers from a black forest.

1667
01:15:54,000 --> 01:15:56,400
Speaker 7: I went to a black mortician because That's how that

1668
01:15:56,439 --> 01:15:58,280
Speaker 7: girl was. You know what I'm saying. She told me,

1669
01:15:58,560 --> 01:16:00,640
Speaker 7: we don't spend our money, but we're not welcome. We

1670
01:16:00,680 --> 01:16:02,960
Speaker 7: don't spend our money with people don't appreciate it, you

1671
01:16:03,000 --> 01:16:05,040
Speaker 7: know what I mean? Period, And I really try to

1672
01:16:05,080 --> 01:16:07,240
Speaker 7: live my life that way. It can be hard to

1673
01:16:07,320 --> 01:16:09,720
Speaker 7: always go to black businesses just because that's just the

1674
01:16:09,720 --> 01:16:11,919
Speaker 7: how life is. And we all have fast paced lives.

1675
01:16:12,000 --> 01:16:13,840
Speaker 7: And there is no black cell phone company, and there

1676
01:16:13,880 --> 01:16:14,799
Speaker 7: is no black ring.

1677
01:16:14,760 --> 01:16:18,400
Speaker 6: Like met I got a ring here. But if you try,

1678
01:16:18,520 --> 01:16:20,480
Speaker 6: it makes a difference. It's small steps.

1679
01:16:21,479 --> 01:16:24,559
Speaker 9: I'll say this in closing, and with you being from Philly,

1680
01:16:25,040 --> 01:16:27,920
Speaker 9: I think as a powerful as we are as consumers,

1681
01:16:27,960 --> 01:16:30,480
Speaker 9: I want us to stop being fiends for other corporations

1682
01:16:30,520 --> 01:16:31,360
Speaker 9: and be investors.

1683
01:16:31,720 --> 01:16:33,080
Speaker 8: I think it's crazy.

1684
01:16:32,720 --> 01:16:37,880
Speaker 9: That we helped build the career Beanie, Sigull, Meek mil Ludacris, Tupac, Biggie,

1685
01:16:38,120 --> 01:16:40,240
Speaker 9: all of the Chopped, Everybody of Death Jam. Don't change

1686
01:16:40,240 --> 01:16:44,360
Speaker 9: my meetings because of red Man, ll cooj Love Baby,

1687
01:16:44,400 --> 01:16:47,439
Speaker 9: the Baby Gunna and then the fans who help make

1688
01:16:47,479 --> 01:16:50,519
Speaker 9: these people get none of the money. But I just

1689
01:16:50,560 --> 01:16:55,120
Speaker 9: want us to switch from being fiends for consumerism to investors.

1690
01:16:55,240 --> 01:16:57,080
Speaker 9: I mean I delivered in the most polite way.

1691
01:16:57,520 --> 01:17:00,000
Speaker 6: Wait, did you did you buy that nis n FT?

1692
01:17:00,080 --> 01:17:05,960
Speaker 6: Those people? Mm hmm, I mean other I don't know

1693
01:17:05,960 --> 01:17:07,320
Speaker 6: if you're NFT believer.

1694
01:17:08,479 --> 01:17:15,680
Speaker 8: I am, and I am I'll see that. I called it.

1695
01:17:15,760 --> 01:17:18,599
Speaker 7: Thank you and being from Philly, man, and being from

1696
01:17:18,600 --> 01:17:22,519
Speaker 7: Philly speaking of man like on a real man, dude.

1697
01:17:22,520 --> 01:17:24,720
Speaker 6: I used to pray for times like this, the rhymes like.

1698
01:17:24,680 --> 01:17:28,840
Speaker 7: This, like that, like you know what I mean? Like

1699
01:17:29,840 --> 01:17:32,080
Speaker 7: this took a minute, right with you. This didn't just

1700
01:17:32,120 --> 01:17:35,280
Speaker 7: happen overnight. I started out, he makes the last trust me.

1701
01:17:35,320 --> 01:17:36,799
Speaker 7: This did not start happen overnight.

1702
01:17:37,240 --> 01:17:40,400
Speaker 4: That's a legend. That's actually Frank.

1703
01:17:40,439 --> 01:17:45,200
Speaker 5: This is actually a very very h fun conversable man.

1704
01:17:45,560 --> 01:17:48,960
Speaker 5: It was dope to have so many different perspectives. Arthur

1705
01:17:49,040 --> 01:17:52,720
Speaker 5: came in with an m v P performance. That was he.

1706
01:17:55,880 --> 01:17:58,480
Speaker 6: That will right there. Man came off the bench fire.

1707
01:18:00,080 --> 01:18:01,120
Speaker 4: Like Bernion Maxwell.

1708
01:18:01,400 --> 01:18:05,920
Speaker 11: He thought he's back at GW go watch all this

1709
01:18:06,000 --> 01:18:07,439
Speaker 11: highlights the.

1710
01:18:07,479 --> 01:18:10,719
Speaker 5: Left twenty off the bench. That was an amazing off

1711
01:18:10,760 --> 01:18:11,640
Speaker 5: the bench performance.

1712
01:18:13,600 --> 01:18:18,400
Speaker 9: My graduates from my school being forced bad drop bag

1713
01:18:18,560 --> 01:18:21,960
Speaker 9: drop my drop bad drop drops.

1714
01:18:32,680 --> 01:18:36,560
Speaker 12: You just realized your business needed to hire someone yesterday.

1715
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