WEBVTT - The Biggest Financial Mistakes to Avoid in 2025

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<v Speaker 1>Earners. What's up.

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<v Speaker 2>You ever walk into a small business and everything just

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<v Speaker 2>tipping is a breeze, and you're out the door before

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<v Speaker 2>the line even builds. Odds are they're using Square. We

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<v Speaker 2>can keep pushing your vision forward. This episode is brought

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<v Speaker 2>to you by P and C Bank, a lot of

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<v Speaker 2>people think podcasts about work are boring, and sure they

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<v Speaker 2>definitely can be, but understanding of professional's routine shows us

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<v Speaker 2>It's like banking with P and C Bank. It might

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<v Speaker 2>seem boring to save, plan and make calculated decisions with

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<v Speaker 2>your bank, but keeping your money boring is what helps

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<v Speaker 2>you live or more happily fulfilled life. P and C

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<v Speaker 2>Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since

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<v Speaker 2>eighteen sixty five is a service mark of the PNC

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<v Speaker 2>Financial Service Group, Inc. P and C Bank National Association

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<v Speaker 2>Member FDIIC.

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<v Speaker 3>What's the biggest financial mistake that people should avoid in

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<v Speaker 3>twenty twenty five?

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<v Speaker 1>You alluded to it earlier, but I think.

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<v Speaker 4>Even like some of the conversations I have on social

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<v Speaker 4>I can tell the people who are really locked in

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<v Speaker 4>and invest in, and I know some like I got

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<v Speaker 4>a message from a guy yesterday who commented about, you know,

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<v Speaker 4>Kendrick destroyed your man Drake on the Super Bowl and

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<v Speaker 4>his last comment to me in DM was twenty twenty one,

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<v Speaker 4>And I'm like, you joined stock club in twenty twenty one.

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<v Speaker 4>Let me see the game, so I quit executed, and

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<v Speaker 4>you know I didn't have time for it. How do

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<v Speaker 4>you not have time to get risk to take care

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<v Speaker 4>of your family? Regardless of what y'all think. Y'all used

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<v Speaker 4>that glazing word too heavy, and you got a glaze

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<v Speaker 4>over that network first for you have some of these conversations.

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<v Speaker 4>But Kendrick and Drake are good. The boy may be

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<v Speaker 4>a little bit sensitive, but PG.

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<v Speaker 1>Lane and everybody, I'll talk to you. All of y'all

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<v Speaker 1>they good.

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<v Speaker 4>Focus on you, like, eliminate all distractions and focus like

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<v Speaker 4>my kid just turned ten, Like I remember what I

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<v Speaker 4>wore when he was born. We're halfway into the decade.

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<v Speaker 4>Some of you are going to look up and it's

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<v Speaker 4>going to be twenty twenty eight and you're going to

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<v Speaker 4>be like, I don't know what I did with eight

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<v Speaker 4>years in my life. Lock the fuck in all of

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<v Speaker 4>these wars and rap beefs, and that's the distraction from

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<v Speaker 4>your real life. I don't care what you invest in Bitcoin, pallunteer,

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<v Speaker 4>jail stool coin shot the old boy from Barsool getting

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<v Speaker 4>that meme coined off trump coin and pick an asset

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<v Speaker 4>class and invest into it and perpetuity. People you know

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<v Speaker 4>how you work so hard, yo, if you're actually a

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<v Speaker 4>responsible dad, you're going to put it in work every

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<v Speaker 4>day to provide for your family.

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<v Speaker 1>I don't care what asset class it.

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<v Speaker 4>Is, crypto equities, private equity, real estate, your business. Put

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<v Speaker 4>something and invest into it forever. And if you're not

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<v Speaker 4>doing that, I know people love to tell you money

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<v Speaker 4>is not everything, and those will be the same people

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<v Speaker 4>when you need something, won't give you a fucking dime

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<v Speaker 4>to help you.

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<v Speaker 1>In your family.

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<v Speaker 4>Cost of living is going up, crazy people at eleven

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<v Speaker 4>dollars eggs okay, then the car and jury conversation and

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<v Speaker 4>even buying into startups, all of those costs. The cost

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<v Speaker 4>for the Super Bowl ad was eight million. I remember

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<v Speaker 4>when two point five was a big number. In four

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<v Speaker 4>years they have that number being at twelve million dollars.

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<v Speaker 4>What so much so the Starlink and T Mobile had

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<v Speaker 4>to partner together, which they already had for that ad.

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<v Speaker 1>To help drum up what so lock In, lock In

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<v Speaker 1>is the reason why we do.

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<v Speaker 4>The show every week to give you this information which

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<v Speaker 4>other networks don't do. I think we've made invest in

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<v Speaker 4>the easiest for anybody in the world because the other

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<v Speaker 4>networks were not giving you the companies where they were

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<v Speaker 4>going to fall to and where to exit. So for

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<v Speaker 4>you for twenty twenty five football to what is the

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<v Speaker 4>biggest lesson?

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<v Speaker 3>The biggest lesson, Well, the biggest mistake I think that

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<v Speaker 3>people could make is buying a home that they can't

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<v Speaker 3>afford or just buying a home that they're not prepared for.

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<v Speaker 1>That's that's that's the one that prepared for it. Yes,

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<v Speaker 1>that's that's.

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<v Speaker 3>Gonna hurt you more than anything in life, for sure.

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<v Speaker 3>Seen it happen a lot of different places. I just

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<v Speaker 3>saw Cash Doll on Shannon Sharp Show. Yes, her worst

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<v Speaker 3>financial decision ever was buying a home two million dollar mansion.

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<v Speaker 3>I think it was in Atlanta, I'm not sure. So

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<v Speaker 3>that's that's a tricky one because you think that you're

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<v Speaker 3>doing something productive, you think that you're actually doing something

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<v Speaker 3>beneficial when you're buying a home, and and if you're not.

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<v Speaker 3>That's how we did the episode with Keanu Watson. You

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<v Speaker 3>should definitely watch it. Things to Know before buying a home. Yeah,

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<v Speaker 3>if you don't fully know what you're getting yourself into.

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<v Speaker 3>What you think, what you think is actually productive is

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<v Speaker 3>actually extremely harmful for you in your future.

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<v Speaker 1>Yeah, out of hidden costs. There's a lot of him costs. Yeah,

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<v Speaker 1>definitely go watch that episode.

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<v Speaker 2>And we're speaking from experience, like like like that's one

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<v Speaker 2>of the things that we get to actually live these things,

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<v Speaker 2>learn from these things, and then teach these things where

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<v Speaker 2>most people won't even tell you that it happened, and

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<v Speaker 2>then you'll just see the outcomes of it. So it's like, hey,

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<v Speaker 2>hold the data, so hopefully you'll have to go through

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<v Speaker 2>that like we've always lived by that. I think the

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<v Speaker 2>biggest mistake is and this goes into investing, This goes

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<v Speaker 2>in life.

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<v Speaker 1>Don't let people trick you out of your position. Yep.

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<v Speaker 2>The people that are in your ear, the people that

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<v Speaker 2>are feeding you information, the people that are doing things

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<v Speaker 2>they want to be in your position. And a lot

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<v Speaker 2>of times right, and that goes in business. Like I

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<v Speaker 2>said in investment, right, let's move the market down, let's

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<v Speaker 2>pull the rug if it's crypto, to get better positions

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<v Speaker 2>for bigger people with bigger pockets to get in invest

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<v Speaker 2>and make more money. And when we see it, we

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<v Speaker 2>leave positions and we say we're never going back, and

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<v Speaker 2>then we wonder what happened in two years I was invested,

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<v Speaker 2>so never let anyone trick you out of your position.

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<v Speaker 2>And I wrote this quote and it kind of fits

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<v Speaker 2>what we were talking about earlier when we talked about

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<v Speaker 2>like stay hungry and stay like we always hunting. Never

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<v Speaker 2>let your achievements block your vision.

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<v Speaker 1>M hmm great.

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<v Speaker 2>Never be satisfied with with what's happened. Right, made a

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<v Speaker 2>few deals, but it's operating like it's one thing to say,

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<v Speaker 2>it's another thing to live it it. Yeah yeah, those

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<v Speaker 2>would be mine.

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<v Speaker 3>Yeah, yeah, yeah, there you have it.

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<v Speaker 4>There you haven't because I think as we have a

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<v Speaker 4>desire to, and that's why I always bring up the

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<v Speaker 4>bank and a crypto point. If three years ago I

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<v Speaker 4>would have told you that the White House will happen,

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<v Speaker 4>cryptos are you.

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<v Speaker 1>Would have called me crazy.

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<v Speaker 4>Kudos to Sacks for making that move and on the

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<v Speaker 4>entrepreneurship level, but we just saw an entire retail community

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<v Speaker 4>of crypto advocates get tricked out of their spot by.

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<v Speaker 1>The banking elite in one year. I never thought, like

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<v Speaker 1>I knew the little you.

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<v Speaker 4>Know takeovers gonna happen with JP Morgan, I didn't think

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<v Speaker 4>at scale that this would happen.

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<v Speaker 1>Stay locked in, Stay locked in. But what do I know?

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<v Speaker 1>You don't know nothing about crypto. I knew that part

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<v Speaker 1>for in that new twenty K, but we've been here

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<v Speaker 1>for it all.

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<v Speaker 2>It's crazy like we've been here when it was that

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<v Speaker 2>twenty we was here when it was sixteen. So like

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<v Speaker 2>people who took advantage of that information and actually was like,

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<v Speaker 2>all right, what they're saying kind of makes sense, or

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<v Speaker 2>here comes a pull back, This might be a good

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<v Speaker 2>time to invest. Like the people who took advantage of that,

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<v Speaker 2>Oh my god, like they're out of here. You're out

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<v Speaker 2>of here.

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<v Speaker 4>I ask you, guys, you guys, have you met one

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<v Speaker 4>billionaire who came to you and said, I can't wait

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<v Speaker 4>to sell off these group assets never and they do

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<v Speaker 4>it in a contract in perpetuity. Shot all the talent side.

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<v Speaker 4>For those who sound talent contracts, you got to look

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<v Speaker 4>for those terms and perpetuity that means a whole time

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<v Speaker 4>frame forever, forever.

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<v Speaker 5>An illegal alien from Guatemala charged with raping a child

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<v Speaker 5>in Massachusetts. An MS thirteen gang member from Al Salvador

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<v Speaker 5>accused of murdering a Texas. Man of Venezuelan charged with

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<v Speaker 5>filming and selling child pornography in Michigan. These are just

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<v Speaker 5>some of the heinous migrant criminals caught because of President

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<v Speaker 5>Donald J. Trump's leadership. I'm Christy Noman, the United States

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<v Speaker 5>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 5>crossings are at the lowest levels ever recorded, and over

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<v Speaker 5>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 5>were here illegally, your next you will be fine nearly

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<v Speaker 5>one thousand dollars a day, imprisoned, and deported. You will

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<v Speaker 5>never return. But if you register using our CBP home

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<v Speaker 5>app and leave now, you could be allowed to return legally.

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<v Speaker 5>Do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 5>border and families will be protected.

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<v Speaker 1>Sponsored by the United States Department of Homeland Security.