WEBVTT - Building Wealth: Stocks, Real Estate, Business, and More

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<v Speaker 1>Earners.

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<v Speaker 2>What's up.

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<v Speaker 3>You ever walk into a small business and everything just

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<v Speaker 3>works like The checkout is fast, the receipts are digital,

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<v Speaker 3>tipping is a breeze, and you're out the door before

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<v Speaker 3>the line even builds. Odds are they're using Square. We

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<v Speaker 3>love supporting businesses that run on Square because it just

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<v Speaker 3>feels seamless. Whether it's a local coffee shop, a vendor

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<v Speaker 3>at a pop up market, or even one of our

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<v Speaker 3>merch partners, Square makes it easy for them to take payments,

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<v Speaker 3>manage inventory, and run their business with confidence, all from

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<v Speaker 3>one simple system. If you're a business owner or even

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<v Speaker 3>just thinking about launching something soon, Square is hands down

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<v Speaker 3>one of the best tools out there to help you start, run,

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<v Speaker 3>and grow. It's not just about payments, it's about giving

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<v Speaker 3>you time back so you can focus.

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<v Speaker 2>On what matters most Ready.

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<v Speaker 3>To see how Square can transform your business, visit Square

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<v Speaker 3>dot com backslash go backslash eyl to learn more that

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<v Speaker 3>Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.

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<v Speaker 3>Let's Square handle the back end so you can keep

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<v Speaker 3>pushing your vision forward. This episode is brought to you

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<v Speaker 3>by P and C Bank, a lot of people think

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<v Speaker 3>podcasts about work are boring, and sure they definitely can be,

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<v Speaker 3>But understanding of professionals routine shows us how they achieve

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<v Speaker 3>their success little by little, day after day. It's like

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<v Speaker 3>banking with P and C Bank. It might seem boring

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<v Speaker 3>to save, plan and make calculated decisions with your bank,

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<v Speaker 3>but keeping your money boring is what helps you live

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<v Speaker 3>or more happily fulfilled life. P and C Bank Brilliantly

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<v Speaker 3>Boring since eighteen sixty five. Brilliantly Boring since eighteen sixty

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<v Speaker 3>five is a service mark of the PNC Financial Service Group, Inc.

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<v Speaker 3>P and C Bank National Association Member FDIC.

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<v Speaker 4>For anyone who may be watching right now and they're like, Okay,

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<v Speaker 4>with all this doom and gloom, what's the point if

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<v Speaker 4>the system is read, can we give them a conclude

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<v Speaker 4>answer about why you still have to invest despite of

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<v Speaker 4>the conditions we may face in roadblocks that may be

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<v Speaker 4>thrown away.

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<v Speaker 5>I mean, it's the only option, Like he said, you know,

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<v Speaker 5>the only three ways to get the bill Welk in

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<v Speaker 5>his country is is real estate, stocks.

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<v Speaker 1>And business.

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<v Speaker 5>You noticed he didn't say working a job, saving. He

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<v Speaker 5>didn't say any of that. So at the end of

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<v Speaker 5>the day, Republican, Democrat, independent, doesn't matter. If your goal

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<v Speaker 5>is to have financial freedom, which people that watch just

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<v Speaker 5>show that's usually their goal. You have to invest. That's

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<v Speaker 5>the only the only way. It's the only way to

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<v Speaker 5>have financial freedom. Now, you're still going to have other

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<v Speaker 5>issues in life, but this show is focused on financial freedom.

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<v Speaker 5>So yeah, with that being said, at least me to

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<v Speaker 5>my next question. Beyond stocks, what are some alternative sources

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<v Speaker 5>of income for those looking to invest heavily while moving

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<v Speaker 5>beyond a traditional nine to five job.

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<v Speaker 1>I mean, we just talked to hit the nail on

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<v Speaker 1>the head.

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<v Speaker 4>You have to build a business or build something that

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<v Speaker 4>that you're best.

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<v Speaker 1>In the world.

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<v Speaker 4>I know it's not an answer that everyone loves, but

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<v Speaker 4>even when we're talking yesterday about networking tips, a keep

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<v Speaker 4>your pitch down to ten seconds because it's going to

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<v Speaker 4>be people meeting all day, all night. But when you're

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<v Speaker 4>looking to build a business, what can you do that

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<v Speaker 4>someone else in the world is not able to do?

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<v Speaker 4>You want to enter a field that doesn't have a

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<v Speaker 4>ton of competition. So like when chat GPT came onto

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<v Speaker 4>the scene, they have more competitors now, but for seventy

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<v Speaker 4>five years they were trying to make something like that.

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<v Speaker 1>They were the ones that were able to execute it.

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<v Speaker 4>Google, who dropped the fucking ball, were supposed to have

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<v Speaker 4>come out with something like this eight years ago.

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<v Speaker 1>They didn't do it. What can you build?

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<v Speaker 4>What resource can you give to your community, to the

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<v Speaker 4>world that no one else can do, and then you'll

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<v Speaker 4>get a win fall from there. You have to build

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<v Speaker 4>a business or help someone build theirs. So going back

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<v Speaker 4>to the CEO of Starbucks, now, his skill set is

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<v Speaker 4>so valuable that it's worth paying them one hundred and

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<v Speaker 4>thirteen million dollars and conversation to help resurrect Starbucks from

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<v Speaker 4>where they are now to where.

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<v Speaker 1>They should be.

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<v Speaker 4>So be so valuable that you can increase the evaluation

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<v Speaker 4>of a company. That's the only way you have to

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<v Speaker 4>build a business.

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<v Speaker 1>Have to.

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<v Speaker 2>Know more to it. That's it.

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<v Speaker 4>Work on your craft every day. I keep stressing this

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<v Speaker 4>be genuine and the people that you meet. But people

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<v Speaker 4>can feel if you worked on your craft when you're pitching,

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<v Speaker 4>like we'll talk about it, but you're like, hey, what

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<v Speaker 4>can I do to get better? You guys have the

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<v Speaker 4>conversation when Nick Cannon is like, hey, do there's networking

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<v Speaker 4>matter more being great at your craft. The answer is both.

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<v Speaker 4>But if you're not great at it, the connection doesn't matter.

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<v Speaker 4>It doesn't matter. Can you put up points on the

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<v Speaker 4>board when you get the ball in your proverbial court?

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<v Speaker 2>Can you continuously put points up on the board?

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<v Speaker 1>Absolutely?

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<v Speaker 3>And the crunch time, Yeah, it's important because I mean

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<v Speaker 3>each person is has a subjective opinion, and so is

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<v Speaker 3>your message is going to be consistent every time?

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<v Speaker 2>Are you going to show up every time the same way.

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<v Speaker 1>And the output be consistent? It's important.

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<v Speaker 3>I was gonna say, can we run through some earners

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<v Speaker 3>really quickly? Since we're talking about obviously investing in creating business.

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<v Speaker 3>You tell me what you think about these companies. A

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<v Speaker 3>big week for retail. We got Low's reporting this week,

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<v Speaker 3>we got Target so, Macy's, TJ max Is reporting, we

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<v Speaker 3>got DJ's, Tava's reporting.

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<v Speaker 1>Ross.

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<v Speaker 2>What's your thoughts around retail? I think that they're seeing

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<v Speaker 2>some Upjeck.

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<v Speaker 4>I'm not gonna say uninvestable, but that's not why I

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<v Speaker 4>will put my first set of cash if I have

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<v Speaker 4>some spare cash. I don't want to lie and say

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<v Speaker 4>that they're investable like someone else lies.

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<v Speaker 1>Shout them. But Kava I like Target not so much.

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<v Speaker 1>And also like, okay, what is the interest rate? This

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<v Speaker 1>is a great exercise.

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<v Speaker 4>What is the current interest rate versus what is the

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<v Speaker 4>profit margin at these companies?

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<v Speaker 1>Great exercise.

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<v Speaker 4>So if the profit margin for Target hypothetically is eight

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<v Speaker 4>percent in our interest rate is I don't want that

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<v Speaker 4>kind of thing of of a margin.

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<v Speaker 1>BJ's easy joke. I want to do it.

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<v Speaker 4>Caba like though Ross rosses than that Ross too easy,

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<v Speaker 4>you know what I mean? But Ross Ross I like Kava,

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<v Speaker 4>Like who else is on there?

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<v Speaker 2>Uh?

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<v Speaker 3>TJ Max? TJ Max had a rough quarter, solid solid,

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<v Speaker 3>you know, I'm interest in seeing Snowflake. Snowflake, they got

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<v Speaker 3>beat up last quarter so bad they haven't recovered, dropped

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<v Speaker 3>down to one fifty.

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<v Speaker 2>I'm interested in seeing that. And then one of the

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<v Speaker 2>darlings of the pandemic, Zoom.

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<v Speaker 4>Remember when they said Snowflake was gonna be like the

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<v Speaker 4>no no no no.

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<v Speaker 3>Reality set in for them a bit. Yeah, yeah, yeah,

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<v Speaker 3>it didn't didn't quite deliver it. Where is it's a

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<v Speaker 3>one thirty?

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<v Speaker 1>It was that three ninety eight, Oh baby them coach?

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<v Speaker 3>Yeah, this year was at two thirty two in February

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<v Speaker 3>two thirty two, and it's it took a beating. I

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<v Speaker 3>think it was after the first quarter, second quarter earning

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<v Speaker 3>his report, and it has it.

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<v Speaker 2>It has a recover, that has a recover. So I'm

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<v Speaker 2>interested to see him with how they report.

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<v Speaker 1>Knocked down one hundred and eight bucks over the last

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<v Speaker 1>four years.

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<v Speaker 2>Yeah for ne though, m h yeah, unless the.

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<v Speaker 4>Buffett going to bob a whole bunch of shars and

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<v Speaker 4>merger with Geico.

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<v Speaker 2>But you know, what do you think about Zoom?

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<v Speaker 3>You're talking about one that at its peak it's trying

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<v Speaker 3>to stay above trying to stay around above sixty dollars

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<v Speaker 3>at this point.

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<v Speaker 4>If you're a Zoom, who can you sell to that

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<v Speaker 4>is a great piece of technology but has no use case?

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<v Speaker 4>Even with that, are more people on Zoom or Instagram Live.

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<v Speaker 2>They might have missed the point.

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<v Speaker 4>They should have sold as soon as they got hot.

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<v Speaker 4>I would have been making every call, just like the

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<v Speaker 4>equity company deal a rock Nation, Hey smurgeral well, where

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<v Speaker 4>you at speaking of which weekend?

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<v Speaker 5>Oh?

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<v Speaker 4>Yeah, but Zoom uninvestible.

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<v Speaker 1>Shout to the management CEO.

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<v Speaker 5>But we have we have to Actually, I'm glad you

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<v Speaker 5>said this. We have to be fair about this situation.

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<v Speaker 1>I did speak to.

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<v Speaker 5>Dang dash who you know, you know, we reported something

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<v Speaker 5>that everybody reported last week when it was actually a

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<v Speaker 5>teachable moment when Rock a fella well reasonable doubt. He

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<v Speaker 5>has a judge thing that's a judgment to sell reasonable

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<v Speaker 5>doubt and jay Z's lawyer, so it's been going on auction,

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<v Speaker 5>but jay Z's lawyer or Rock Nations lawyer put his

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<v Speaker 5>statement out saying that whoever buys it is going to

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<v Speaker 5>revert back to jay Z in twenty thirty. Essentially, you

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<v Speaker 5>know you're discouraging people from buying it by the same

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<v Speaker 5>point in that statement, for sure. So is that something

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<v Speaker 5>because it's like eight hundred thousand dollars, right, It's not

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<v Speaker 5>like it's eight hundred million dollars, right, Yeah, So is

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<v Speaker 5>how do you feel about that? How do you what

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<v Speaker 5>that's something that you would do? How do you feel?

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<v Speaker 5>What do you what do you answer? How do you

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<v Speaker 5>what do you think? As far as in the in

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<v Speaker 5>the yeah, you're understands.

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<v Speaker 2>What side of the colony is you on?

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<v Speaker 5>If side of truth, the side of if he was

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<v Speaker 5>the person that was had the judgment, No, the other

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<v Speaker 5>side of the person you're on a judgment? You know,

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<v Speaker 5>you know you're not in the position doing anything for

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<v Speaker 5>the president, who was going to.

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<v Speaker 4>Revert to okay, gotcha, I was actually because you know,

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<v Speaker 4>Joseph was talking about buying it, right, I think we

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<v Speaker 4>should buy them off a dame and given to Hope,

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<v Speaker 4>and we should do what buy the master off a

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<v Speaker 4>day friend and give them the whole. Why would we

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<v Speaker 4>do that relationship?

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<v Speaker 5>You know what I'm saying, Why would you give it?

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<v Speaker 5>If you buy it, why would you give it?

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<v Speaker 4>Well, how much money you think you'll be able to

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<v Speaker 4>make off of it in a six year period? I

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<v Speaker 4>think the return on investment on a relationship probably ten

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<v Speaker 4>next if they bought Manhattan for twenty four dudges.

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<v Speaker 2>They don't take me as those type of guys.

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<v Speaker 1>Though.

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<v Speaker 4>If it was me buying a flat out, would I

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<v Speaker 4>to have rights to it for five or six years?

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<v Speaker 1>No?

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<v Speaker 4>Once again, going back to the conversation we had privately,

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<v Speaker 4>I don't want to make it enemy out of anybody

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<v Speaker 4>on that side.

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<v Speaker 2>Yeah, and then you don't touch it.

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<v Speaker 1>I mean, you know it's one because he like you know,

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<v Speaker 1>he's uninvestable.

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<v Speaker 4>By making that statement, he almost gave a declaration of

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<v Speaker 4>war to say you only have five years anyway, but

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<v Speaker 4>five or six years, but those five sec years can

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<v Speaker 4>be Lawyers don't even make those.

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<v Speaker 1>Statements normally run back to Sean anyway, what Yeah.

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<v Speaker 2>Unless you don't want to you know, you don't want

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<v Speaker 2>eck where you go to the prison.

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<v Speaker 1>So yeah, I mean, you know, he he he.

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<v Speaker 5>I think he's looking at from a standpoint of he's

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<v Speaker 5>saying that, and he said this before, like you know

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<v Speaker 5>that the bylaws were changed and the potential sale originally

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<v Speaker 5>it was supposed to be it was supposed to be

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<v Speaker 5>valued at twenty million, ten to twenty million, So how

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<v Speaker 5>does it come to only eight hundred thousand? And then

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<v Speaker 5>putting that statement out actually lowers the value even more

0:11:49.120 --> 0:11:51.920
<v Speaker 5>to the point where I don't know what the market

0:11:51.960 --> 0:11:54.440
<v Speaker 5>value is now or maybe one hundred thousand maybe who knows.

0:11:54.800 --> 0:11:58.320
<v Speaker 5>You know, it's uh so, I guess the question would

0:11:58.320 --> 0:12:01.480
<v Speaker 5>be what would be the motive for doing that? I

0:12:01.480 --> 0:12:04.120
<v Speaker 5>guess that's that's the mind frame that he would kind

0:12:04.120 --> 0:12:05.680
<v Speaker 5>of go in. It's like, what would be the motive

0:12:06.200 --> 0:12:11.959
<v Speaker 5>of somebody doing that? Other then you know, devaluate it to.

0:12:11.920 --> 0:12:16.079
<v Speaker 4>Hurt, to devaluate it and then destroy completely because if

0:12:16.080 --> 0:12:21.480
<v Speaker 4>I make it uninvestable, or not a wise investment and

0:12:21.600 --> 0:12:25.079
<v Speaker 4>is it going to revert back to jay z anyway

0:12:25.960 --> 0:12:29.280
<v Speaker 4>is to drive the buyer's market. No different if you

0:12:29.280 --> 0:12:32.840
<v Speaker 4>have a condom enemies, like, well it's contaminated with lead.

0:12:33.040 --> 0:12:35.880
<v Speaker 4>Of course you're going to devalue the property for what

0:12:35.920 --> 0:12:36.520
<v Speaker 4>it could go for.

0:12:38.480 --> 0:12:40.040
<v Speaker 3>That's on the sale of it. But if there's a

0:12:40.120 --> 0:12:42.520
<v Speaker 3>judgment on the side of it, doesn't that change it? Right,

0:12:42.600 --> 0:12:45.400
<v Speaker 3>Like in the sense of it if it doesn't sell

0:12:45.400 --> 0:12:47.480
<v Speaker 3>at that value, right if the judgments for eight hundred thousand,

0:12:47.480 --> 0:12:49.080
<v Speaker 3>and now the value of that is going down to

0:12:49.160 --> 0:12:51.920
<v Speaker 3>let's say, if it's one, there's still seven hundred thousand

0:12:51.920 --> 0:12:53.160
<v Speaker 3>that needs to be made on that judgment.

0:12:53.760 --> 0:12:58.680
<v Speaker 1>That hurts him, right, that hurts him design So it's.

0:12:58.559 --> 0:13:00.880
<v Speaker 5>Like looking like, why would you want to hurt me

0:13:01.920 --> 0:13:04.040
<v Speaker 5>more than I've already suffered?

0:13:04.200 --> 0:13:04.360
<v Speaker 1>Right?

0:13:04.440 --> 0:13:07.600
<v Speaker 5>Like you if you have to pay eight hundred thousand,

0:13:07.960 --> 0:13:11.240
<v Speaker 5>and your asset, your only asset that you have, could

0:13:11.320 --> 0:13:13.480
<v Speaker 5>potentially sell for eight hundred thousand, that'll get you out

0:13:13.480 --> 0:13:16.360
<v Speaker 5>the clear. But now if that asset is deemed worthless,

0:13:16.440 --> 0:13:19.240
<v Speaker 5>you still owe eight hundred thousand. So now it's just

0:13:19.280 --> 0:13:20.560
<v Speaker 5>puts you in a pibbow.

0:13:20.760 --> 0:13:21.760
<v Speaker 2>A different situation here.

0:13:21.800 --> 0:13:23.600
<v Speaker 5>Now you got to try to figure out where're gona

0:13:23.600 --> 0:13:25.439
<v Speaker 5>get eight hundred thousand from.

0:13:26.120 --> 0:13:29.280
<v Speaker 4>This reminds me a lot of warm Buffett Lehman situation

0:13:29.400 --> 0:13:31.520
<v Speaker 4>in two thousand and eight. I'll say the economy. But

0:13:31.720 --> 0:13:36.040
<v Speaker 4>as a result, something has to fall apart that I

0:13:36.080 --> 0:13:36.880
<v Speaker 4>want to fall apart.

0:13:38.120 --> 0:13:42.079
<v Speaker 2>So he's saying we should call Jamie Diamond. He got

0:13:42.080 --> 0:13:44.719
<v Speaker 2>the answer, let me come save you all.

0:13:45.480 --> 0:13:45.720
<v Speaker 1>Yes.

0:13:46.320 --> 0:13:49.960
<v Speaker 6>An illegal alien from Guatemala charged with raping a child

0:13:50.040 --> 0:13:53.839
<v Speaker 6>in Massachusetts. An MS thirteen gang member from El Salvador

0:13:54.080 --> 0:13:58.199
<v Speaker 6>accused of murdering a Texas man of Venezuelan charged with

0:13:58.280 --> 0:14:02.160
<v Speaker 6>filming and selling child graphy in Michigan. These are just

0:14:02.280 --> 0:14:06.040
<v Speaker 6>some of the heinous migrant criminals caught because of President

0:14:06.080 --> 0:14:09.600
<v Speaker 6>Donald J. Trump's leadership. I'm Christy Noman, the United States

0:14:09.679 --> 0:14:14.480
<v Speaker 6>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:14:14.520 --> 0:14:18.040
<v Speaker 6>crossings are at the lowest levels ever recorded, and over

0:14:18.120 --> 0:14:21.320
<v Speaker 6>one hundred thousand illegal aliens have been arrested. If you

0:14:21.400 --> 0:14:25.240
<v Speaker 6>are here illegally, your next you will be fine nearly

0:14:25.360 --> 0:14:29.360
<v Speaker 6>one thousand dollars a day, imprisoned and deported, you will

0:14:29.400 --> 0:14:33.040
<v Speaker 6>never return. But if you register using our CBP home

0:14:33.080 --> 0:14:36.480
<v Speaker 6>app and leave now you could be allowed to return legally.

0:14:36.840 --> 0:14:41.560
<v Speaker 6>Do what's right. Leave now. Under President Trump America's laws,

0:14:41.760 --> 0:14:44.200
<v Speaker 6>border and families will be protected.

0:14:44.280 --> 0:14:46.440
<v Speaker 1>Sponsored by the United States Department of Homeland Security,