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Speaker 2: Apply let me ask you this.

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Speaker 3: Yeah, one of the things even I struggle with sometimes

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Speaker 3: is like how do you know when it's selling stock?

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Speaker 3: Because everybody, a lot of people tell you like, this

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Speaker 3: is a good time to buy the stock, right, Like obviously,

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Speaker 3: like if it's twenty percent off, if it's high, then

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Speaker 3: you can use that metrics or if it's you know,

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Speaker 3: it's different strategies of how to know when to buy

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Speaker 3: a stock, right, But there's not really too many metrics

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Speaker 3: or strategies that I've seen. It's know when it's selling stock.

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Speaker 3: So how do you what's your thoughts on that?

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Speaker 4: So I have a few ways in which I deal

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Speaker 4: with selling the stock right. So one of the ways

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Speaker 4: is I ask before I even buy a stock. First,

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Speaker 4: I want, you know, put a valuation on it, like

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Speaker 4: what I think the company is worth.

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Speaker 5: So before you get doing anything, you got to put a.

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Speaker 4: Price tag on it, after you research the business, after

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Speaker 4: you understand what it's worth. Because if you don't know

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Speaker 4: what it's worth, you don't know when to sell, you

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Speaker 4: don't know when to buy.

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Speaker 5: So you got to put that price tag on it.

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Speaker 4: And that only comes from doing the fundamental research right,

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Speaker 4: understanding the business. And so one of the things I

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Speaker 4: like to tell myself is simple once it gets a

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Speaker 4: hundred percent for me, now it's time for me to

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Speaker 4: think about do I have another business because I don't want.

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Speaker 2: To just set hundred percent profit.

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Speaker 4: Yeah, I don't want to just sell and have the

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Speaker 4: money sitting in my account.

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Speaker 5: I think that's what most people do.

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Speaker 4: Like, so you got to put a tag on it

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Speaker 4: and then put a life expectancy on it, like what

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Speaker 4: do I expect it to do in this timeframe? And

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Speaker 4: is it up a certain percentage in this timeframe? So

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Speaker 4: for me, the goal is already buy and hold five.

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Speaker 5: Years, ten years, twenty years.

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Speaker 4: Like you have to have a life expectancy of it,

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Speaker 4: how you wanted to perform. And then I'm asking myself, well,

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Speaker 4: in this time if I'm up one hundred percent or more,

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Speaker 4: if i have another stock that I'm willing to invest in.

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Speaker 4: That's why we should always be looking for new businesses.

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Speaker 4: That's why I tell people all the time, like I

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Speaker 4: don't care what's going on every day, I'm researching new

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Speaker 4: businesses because the world going to keep on solving problems.

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Speaker 4: That's what businesses are, man, They solved problems, you know

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Speaker 4: what I'm saying. So the world always is presented with

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Speaker 4: a problem. Somebody's always going to try to do something better,

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Speaker 4: like Amazon drop whatever they drop, Boom, Snowflake coming with

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Speaker 4: they say I could do it better than Amazon.

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Speaker 6: You feel what I'm saying.

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Speaker 4: So now we're saying, Okay, let me find different businesses

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Speaker 4: that are solving different problems or doing things better than

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Speaker 4: other businesses. Even Jeff Bezos said that, he said, there's

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Speaker 4: going to be a time where some business is going

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Speaker 4: to come and do better than what I'm doing at

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Speaker 4: what I'm doing, which is why he keeps on spreading

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Speaker 4: a business out. So what I like to do is

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Speaker 4: again put the light time span on it, whether it's

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Speaker 4: a five year, three year, two year, one year, whatever

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Speaker 4: that case may be.

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Speaker 5: If I'm up one hundred percent or more and i

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Speaker 5: found another.

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Speaker 4: Business that I like, I can take those profits and

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Speaker 4: then put it in another piode.

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Speaker 7: So when you get to one hundred percent, right, are

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Speaker 7: you saying like, are you taking a portion of the

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Speaker 7: shares or you completely leaving the position?

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Speaker 6: Nah?

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Speaker 4: So I want to stay in a position right because

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Speaker 4: if it's up one hundred percent to me, that I

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Speaker 4: mean it's still performing well. Like if the fundamentals are increasing,

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Speaker 4: management is doing a great job.

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Speaker 6: That's cool.

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Speaker 4: I don't want to exit that position, right, so I

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Speaker 4: can take some of those profits, which means selling some

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Speaker 4: of the shares when people don't know, like because I

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Speaker 4: heard people ask me that, like if I take profit,

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Speaker 4: does that mean I'm selling some of the shares.

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Speaker 5: Of course you are, you know what I'm saying.

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Speaker 4: So you'll sell some of those shares and you'll put

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Speaker 4: it in a new business, and now you can start

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Speaker 4: another position with those profits, which is ideal, you know

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Speaker 4: what I'm saying. Another way for me to sell is

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Speaker 4: if the business is not performing well, you know what

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Speaker 4: I'm saying. So if I did the research on it,

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Speaker 4: if I evaluated a business, and also in evaluating a business,

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Speaker 4: when you put it life expectancy on it, time span

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Speaker 4: that you want to do it you being intentional, right,

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Speaker 4: and so you asking yourself what is the growth rate

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Speaker 4: of this business?

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Speaker 2: So how would you call?

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Speaker 3: Because this is something that even today in Thankment, somebody

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Speaker 3: came up to me and he was like, you know,

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Speaker 3: I know I should invest in good companies, but how

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Speaker 3: do I know? How do I find? How do I

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Speaker 3: even find a good company? Like do you have to

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Speaker 3: like read newspapers? Like how do you, like, what's your

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Speaker 3: process actually know? Okay, like you said, you got to

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Speaker 3: constantly find new businesses? Right, how do you constantly find

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Speaker 3: new business So an.

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Speaker 4: Easy way for me, I still use the method like

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Speaker 4: I did in prison. Man, I just look at all

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Speaker 4: them ticket symbols that's going on the bottom of CNBC,

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Speaker 4: Like that's putting it on training wheels. That's without you

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Speaker 4: happen to even do anything, or like you get on

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Speaker 4: CNBC shout out to the trappers because I told them this,

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Speaker 4: saying they do it now, Like you get on CNBC

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Speaker 4: and there's a bunch of ticket symbols running cross the bottom,

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Speaker 4: ones that you don't know about that like now what

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Speaker 4: is that?

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Speaker 5: Write it down? Like, don't be scared to do that.

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Speaker 4: And another thing is also I just look at what's

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Speaker 4: going on everything I'm buying or everything I'm looking at

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Speaker 4: it saying who made this?

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Speaker 6: What this is? Who produced this? Who did that?

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Speaker 4: You know, if I'm looking at tech, I won't see

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Speaker 4: like what tech been. Like the other day I found

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Speaker 4: out that a business the ticket symbol was alby L.

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Speaker 4: I was like, oh, this is the people who make

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Speaker 4: light sauce. Like I didn't know who made it. But

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Speaker 4: as I'm reading the papers, I saw that light SAF

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Speaker 4: sales had increased by seventy percent. The first thing I

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Speaker 4: want to know is who make that right? Who make that?

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Speaker 4: Who make light SAF right? And I'm a find out

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Speaker 4: if it's public as private right? So I think that's

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Speaker 4: the easy part in finding businesses. And then what happens

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Speaker 4: is when you're looking at one business, it's always going

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Speaker 4: to shoot you to another business. It's always going to

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Speaker 4: shoot you to its competitor.

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Speaker 5: Like, so that's for me, I.

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Speaker 4: Always do that what this business is doing, I want

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Speaker 4: compare it to something. So now I'm gonna look up

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Speaker 4: such and such peers. So I know the competitor light Soil,

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Speaker 4: It's Clorox.

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Speaker 5: You know what I'm saying. So I'm that's easy.

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Speaker 4: That's like, it's it's not hard because sixty percent of

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Speaker 4: the business is in America on a stock monet.

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Speaker 7: So now that part of your fundamentals is that's the

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Speaker 7: first step, right, looking for peers. What else are we

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Speaker 7: doing to make sure that this is a good company?

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Speaker 7: Are we looking at?

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Speaker 6: Uh?

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Speaker 7: I know one of the things you love is note that,

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Speaker 7: but what are some other things that we looking at?

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Speaker 7: When we're trying to figure out yep, this is a

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Speaker 7: good company.

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Speaker 6: Motes, Oh, motes. Can I tell you when you said

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Speaker 6: that last time? I always heard when you talk.

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Speaker 7: About most of that, Well, I mean we're big Game

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Speaker 7: of Thrones fans, so when we talk it makes me

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Speaker 7: think of like when they was at Castle Black and

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Speaker 7: it was like, yo, they can't get into the castle

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Speaker 7: because the war is always around. Yeah, And so like

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Speaker 7: I'm like, oh, that's how we think about motes. When

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Speaker 7: you say it's exactly what can you? Can you talk

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Speaker 7: about most?

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Speaker 4: So a mote is what protects a company from its competitors, right,

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Speaker 4: and so there there's different kinds of most And that's

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Speaker 4: that's another thing for me too. When I'm looking at

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Speaker 4: a business. I actually told a guy there's at Dykeman today.

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Speaker 4: I was He explained to me about a business he

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Speaker 4: was looking at and he was like, they got a

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Speaker 4: mote and I was like, so what is the moat?

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Speaker 5: And he was like, well, they're the only person doing

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Speaker 5: this and they feel.

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Speaker 4: And I said, ask yourself this question, are they the

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Speaker 4: only business that's doing it because they have an advantage

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Speaker 4: like they can they have a patent on it, or

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Speaker 4: management find a way to what they it will cost

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Speaker 4: another business too much money to try to replicate that,

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Speaker 4: or just can are they just the first ones to

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Speaker 4: do it and then anybody else can come back and

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Speaker 4: do it.

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Speaker 5: If that's the case, it's not a moat. You know

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Speaker 5: what I'm saying.

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Speaker 4: If I can speed rap, and then if Rishard, if

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Speaker 4: Troy studied me for three weeks and then he learned

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Speaker 4: how to speed rap, then he can he can challenge me.

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Speaker 4: Now you feel what I'm saying. But if I can

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Speaker 4: speed rap in a way that he can't get it,

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Speaker 4: I now have set myself apart. Right, So a mote,

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Speaker 4: there's different motes that businesses can have. What is a

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Speaker 4: mo So a mote is what protects a business from

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Speaker 4: his competitors. Right, It's some type of product or service

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Speaker 4: that this business has that their competitors cannot do. And

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Speaker 4: they cannot do it for multiple reasons. One, it'll cost

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Speaker 4: them too much money to do it. Right, So if

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Speaker 4: it's gonna cost you too much money to replicate this.

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Speaker 5: Chipotle chapote, you know what I mean.

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Speaker 4: So they have this amazing mode where they build relationships

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Speaker 4: anywhere that they build a store at, they find local

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Speaker 4: farmers within one hundred mile radius, and they partner with

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Speaker 4: them in anything that the farmers need, very willing to

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Speaker 4: help them for two reasons, one to make sure the

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Speaker 4: crops are great, and two to solidify themselves as the plug.

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Speaker 4: So you grow fresh crops, I'm a bond from you.

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Speaker 5: But here here's what you need, and if you need

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Speaker 5: help with any of this, I'm gonna help you.

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Speaker 6: Right.

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Speaker 4: So, now with that does is it allows them now

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Speaker 4: for their competitors to come beat them.

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Speaker 5: You gotta double my price.

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Speaker 4: So now now it's going to cut into your profit,

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Speaker 4: which now gets into low operational costs. The cost that

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Speaker 4: it cost is the business to operate. You feel what

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Speaker 4: I'm saying. So because your pote, they have done that.

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Speaker 4: Now the second mold to that is every day they

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Speaker 4: give you fresh ingredients because they've partnered with all the

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Speaker 4: local farmers around that business. Right, so every day now

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Speaker 4: that they've guaranteed to give you fresh vegetables that is

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Speaker 4: extremely hard to replicate. It's gonna cost you too much

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Speaker 4: money to replicate this, so at this point it's not

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Speaker 4: even worth it.

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Speaker 6: So from what I'm hearing, it's like, yo, if I

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Speaker 6: wanted to make the burrito.

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Speaker 7: Right, if I don't have that mode, it's gonna cost

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Speaker 7: me like sixteen dollars. It's gonna cost you pole like

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Speaker 7: seven dollars something like that. Yeah, So in that sense,

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Speaker 7: and then pricing is a type of remote. It's called

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Speaker 7: a pricing mode, all right, So there's orether more types.

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Speaker 4: Of There's another mode that I really love is called

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Speaker 4: a switching mode. So a switching mode is so how hot?

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Speaker 4: So example, let's think about this business called let's just

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Speaker 4: think about Apple.

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Speaker 5: Let's just keep it simple. So most people who.

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Speaker 4: Have iPhone, they also have MacBook pros, or they'll have

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Speaker 4: an Apple Watch, or they're in that Apple ecosystem. Right,

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Speaker 4: the chances of me switching from Apple to Android or

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Speaker 4: any other type of phone, it's slimming none. Because now

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Speaker 4: I gotta switch all my information off the Apple cloud

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Speaker 4: to somebody else's cloud.

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Speaker 5: That's a switching mote.

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Speaker 4: Or in business, a lot of businesses will do this.

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Speaker 4: So let's say cybersecurity. Right, So let's say a business

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Speaker 4: has all of their I'm using this cyber secure their

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Speaker 4: business to protect all of my brands. It's extremely hard

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Speaker 4: for me to switch from this cyber security company to

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Speaker 4: another cyber security company. Because all of my information is

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Speaker 4: stored here, it becomes now it becomes a hassle, whereas

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Speaker 4: I can just work that's worked this out to see

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Speaker 4: what the problem is and fix it. So switching modes

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Speaker 4: are extremely great because nobody likes to switch.

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Speaker 5: People love conveniences. Businesses are the same way.

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Speaker 4: I don't have to go through all Now I gotta

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Speaker 4: shut business down, I gotta lose money, or I gotta

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Speaker 4: be I gotta open my business now becomes vulnerable to

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Speaker 4: something like cybersecurity is serious, which is why I love cybersecurity.

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Speaker 6: Right.

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Speaker 5: So any brand that it becomes a hassle for another brand,

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Speaker 5: for the business, for its customers or service to leave

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Speaker 5: that brand to go to another brand, that's a switching motive.

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Speaker 3: So let me ask you this as far as like

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Speaker 3: another thing that we haven't spoken about before. You're real

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Speaker 3: big on like people hear like growth stocks, right, but

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Speaker 3: what does that mean? Like what is a growth stock?

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Speaker 3: Because for an average person, they're thinking like, I'm only

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Speaker 3: buying the stock, So you brok that like I'm not

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Speaker 3: buying a non growth stock or a dead stagnant stock.

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Speaker 2: So what's a growth stock?

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Speaker 6: All right?

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Speaker 5: So this is this is dope.

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Speaker 4: Like, so a while back, what I did was I

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Speaker 4: had broke down stocks the way I break them down.

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Speaker 4: So I put stocks in three different situations, right is

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Speaker 4: young bucks, og, gangsters, and ogs. Right, so it's three

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Speaker 4: different categories. So young bucks I use in comparison, I

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Speaker 4: use somebody like little baby, Right, so somebody who he

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Speaker 4: has a huge upside, the potential. He just started his career, right,

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Speaker 4: so his upside is extremely good, right, but what comes

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Speaker 4: with that because he's young, he's still liable to get

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Speaker 4: make some mistakes along the way that he jeopardized his career, right,

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Speaker 4: but the.

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Speaker 6: Upside is amazing, Like you see it. You see he's

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Speaker 6: a star. Right.

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Speaker 4: That's a growth stock. Right, That's somebody with a lot

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Speaker 4: of potential. And what happens is growth stocks tend to

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Speaker 4: outperform the market for numerous amount of years. But the

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Speaker 4: thing about them is they are extremely volatile because the

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Speaker 4: company will make mistakes and a lot of times they

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Speaker 4: aren't necessarily profitable in the beginning. Right, So now what

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Speaker 4: happens is the company you got to ask yourself risk

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Speaker 4: tolerance comes into play, Like can I deal with the

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Speaker 4: downsides of this relationship with this stock, right, and so

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Speaker 4: then we have your gangsters, right, So your gainsters is

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Speaker 4: somebody who probably who've been around.

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Speaker 6: For a minute.

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Speaker 4: They're a little more mature, right, but they'll still they'll

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Speaker 4: still You'll see that in the news if something pop up,

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Speaker 4: you know what I'm saying, Like something.

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Speaker 5: Can happen, right, And then you have your ogs, And

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Speaker 5: that's like.

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Speaker 4: Your Johnson and Johnson's. They've been around for you know,

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Speaker 4: they consistent. Then going nowhere they hear.

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Speaker 5: So like somebody like Netflix will kind of be like

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Speaker 5: a gangster.

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Speaker 6: You know what I'm saying.

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Speaker 4: They still kind of volatile, but you still see the upside.

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Speaker 4: They still have growth in them. But any given day

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Speaker 4: you can get up and they down two percent, three percent,

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Speaker 4: you know what I'm saying, whereas a growth stop, you

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Speaker 4: get up to date, it's up, tomorrow's down ten percent.

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Speaker 4: You're like, god, damn, you know what I'm saying. What

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Speaker 4: happened right here? Oh yeah, you know they shot a

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Speaker 4: club bro.

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Speaker 5: Like you know right here on TMZ right now?

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Speaker 6: So what so that's a grossot. What about a value stock?

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Speaker 4: So a value stock will a lot of fall under

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Speaker 4: like your og stocks. Right, Somebody like Calipillar, somebody like.

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Speaker 6: Johnson and Johnson Walls.

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Speaker 4: Yeah it's og so, but it has a ton of value, right,

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Speaker 4: the value is there. But also value stocks tend to

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Speaker 4: not have growth and they're trading Let then with the

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Speaker 4: market say if they should be trading at you know

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Speaker 4: what I'm saying, So.

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Speaker 5: Then it would be an undervalue stock. But value stocks

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Speaker 5: are stocks.

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Speaker 4: That have consistently performed well provided value to the marketplace,

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Speaker 4: and we just know what they're about. You know what

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Speaker 4: I'm saying, And so it make it easy so people

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Speaker 4: don't get lost in the sauce and confuse them. Think

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Speaker 4: about your ogs, like think about stocks that have been

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Speaker 4: around since you was a kid, so so like so

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Speaker 4: like a growth stock is something that has tremendous upside,

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Speaker 4: but it's also extremely violatile.

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Speaker 3: It can be like a young rapper that's just getting

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Speaker 3: money for the first time.

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Speaker 5: Yeah, he's gonna he gonna mess.

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Speaker 3: Up something, and then what's the second one? The gangster

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Speaker 3: gangsters that's just like you've been around long enough where

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Speaker 3: you know the ropes, but you still like you still

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Speaker 3: can make a mistake. Like a French Montana French is

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Speaker 3: safe man, I would say, gz.

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Speaker 4: I was, I was, so you get so now you

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Speaker 4: got to ask yourself, like, so jez what you could

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Speaker 4: consider Jesus? So he would be like in the middle

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Speaker 4: of you know, and I really get into this because

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Speaker 4: like you said, yeah, but like so for me, like

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Speaker 4: I would look at somebody like when I made the post,

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Speaker 4: That's what it was like, somebody like Fab or jez

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Speaker 4: For me, that's like yeah.

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Speaker 3: And then so jay Z is he not even get

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Speaker 3: a parking ticket? And at this point, like you.

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Speaker 4: Know, his career, like like the fat Joel a Jezn

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Speaker 4: that's your ogs, like they solid, they strong. You know,

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Speaker 4: if they dropped something, you're gonna cop that on the

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Speaker 4: strength because like you you remember, it's gonna take you back,

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Speaker 4: you know what I'm saying. And so the gangsters would

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Speaker 4: be like your gz fab you know what I'm saying,

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Speaker 4: your kiss.

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Speaker 7: So we got ogs, we got gangs, and got young

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Speaker 7: where you putting Tesla in that, oh man?

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Speaker 4: So for me, honestly, it's a young buck because even

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Speaker 4: though they've been around, they now become.

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Speaker 5: Established and they're extremely volatile, right and they.

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Speaker 4: Like Eli running the like sugar night man, do what

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Speaker 4: I want, I say what I want man, I don't

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Speaker 4: care if you don't like it or not. I don't

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Speaker 4: even care the shell holds like what I say or not. Look,

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Speaker 4: this is what we're doing. The probably the stock too high.

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Speaker 4: Next day that my stock go down, you make up

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Speaker 4: like yo, I was up eight percent, I woke up

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Speaker 4: two hundred. You know what I'm saying. So Tesla is

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Speaker 4: definitely a young buck, you know what I'm saying. But

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Speaker 4: it's one of those young bucks like little baby, Like

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Speaker 4: every time I drop, it's a banger, you know what

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Speaker 4: I'm saying.

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Speaker 2: What about what about? All right?

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Speaker 3: So, like what's an example of like a good growth

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Speaker 3: stock out there right now?

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Speaker 2: In your opinion?

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Speaker 6: Tesla was one where we talked about that already.

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Speaker 3: Right, I'm gonna be real, like beyond me, beyond me,

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Speaker 3: like beyond me, Like why do you like beyond me?

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Speaker 5: So?

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Speaker 4: Because you so one of the things it's good to

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Speaker 4: look at is actually.

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Speaker 6: Where where where the world is heading? Right?

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Speaker 4: So we and even though beyond me isn't a healthy move, Like,

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Speaker 4: let's just be real, a lot of people don't care

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Speaker 4: about their hell, bro when.

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Speaker 3: You say it's not healthy because it's process.

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Speaker 4: But for somebody who is saying yeah, will be like, nah,

403
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Speaker 4: I'm not doing that, you know what I'm saying. But

404
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Speaker 4: somebody who like, Yo, I'm trying to eat better. I

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Speaker 4: don't won't eat meat no more. The first thing they're

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Speaker 4: gonna do beyond meat, you know what I'm saying. And

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Speaker 4: then when you look at market share, like it's in

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Speaker 4: the fast full industry, it's partnering with fast foods, it's

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Speaker 4: partnering with your trader Joel's, it's partnering with you know, overseas, it's.

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Speaker 5: Partnering with your dunkin Donuts, you know what I'm saying.

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Speaker 4: So like he moving like he out there, he is,

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Speaker 4: like it's like mixtape wheezy.

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Speaker 5: Like I mean, I'm everywhere you go.

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Speaker 4: I'm there, I'm dropping a mixtape here, I'm dripping a

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Speaker 4: mixtape there.

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Speaker 6: I like that, you know what I mean. It's mixtape wheezy.

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Speaker 4: You know what I'm saying, Like I'm putting on my back,

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Speaker 4: I'm gonna lead the way, you know what I'm saying.

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Speaker 5: And so you know, other people gonna come, but I'm

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Speaker 5: out here.

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Speaker 4: But at the same time, the minutes somebody like McDonald's said,

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Speaker 4: I was just I was I was going a minute.

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Speaker 5: Somebody like mcdonald' say no, I ain't, ain't.

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Speaker 6: I'm not bumping that over here. We don't. We don't.

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Speaker 7: And that's crazy that you said, because in my mom

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Speaker 7: I'm thinking, like, I'm happy you said beyond me because

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Speaker 7: I was invested in beyond me. But when you hear

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Speaker 7: somebody like McDonald's obviously a big real estate play. Obviously

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Speaker 7: McDonald's when they said, we don't need the middle man,

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Speaker 7: we're not partnering with like an impossible like Burger King did,

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Speaker 7: what do you think it does to the business of

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Speaker 7: beyond me?

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Speaker 4: So what I love about them was this again your

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Speaker 4: mix take Wheezy. Right, it's a good song, but I'm

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Speaker 4: better on the hook. I'm better in it. So when

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Speaker 4: McDonald said that, what they said, hold up, don't forget

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Speaker 4: who you came to for that verse. Don't forget who

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Speaker 4: you came to. And so McDonald said, Okay, you're right.

439
00:19:46,280 --> 00:19:51,520
Speaker 4: We did partner with them and making the mech veggie

440
00:19:51,600 --> 00:19:54,800
Speaker 4: or whatever, the mechplant like we did. We did go

441
00:19:54,880 --> 00:19:57,280
Speaker 4: to beyond me and get the formula, you know what

442
00:19:57,320 --> 00:20:01,639
Speaker 4: I'm saying. So again I'm leading industry like this me.

443
00:20:01,880 --> 00:20:06,000
Speaker 4: So that to me, that's a great growth stock. I'm

444
00:20:06,040 --> 00:20:08,399
Speaker 4: not telling people to buy it because I got it

445
00:20:08,440 --> 00:20:09,879
Speaker 4: at like sixty six dollars.

446
00:20:10,440 --> 00:20:11,360
Speaker 2: It's just an example.

447
00:20:11,520 --> 00:20:14,200
Speaker 4: It's just an example of the nature of a growth

448
00:20:14,240 --> 00:20:15,920
Speaker 4: Like you can get up any given day and beyond

449
00:20:15,960 --> 00:20:18,760
Speaker 4: me to be down ten percent, you're not. But you

450
00:20:18,760 --> 00:20:20,640
Speaker 4: can also get up any given day and it run

451
00:20:20,720 --> 00:20:21,600
Speaker 4: for three weeks straight.

452
00:20:22,600 --> 00:20:25,760
Speaker 6: You know what I'm saying. You know what I'm saying.

453
00:20:25,960 --> 00:20:28,240
Speaker 4: Like, so that's the that's the example of that's a

454
00:20:28,280 --> 00:20:29,400
Speaker 4: young buk, that's a growth stop.

455
00:20:29,480 --> 00:20:31,760
Speaker 3: Let me ask you this for for common people that

456
00:20:31,880 --> 00:20:35,119
Speaker 3: might be, you know, struggling just to just to have

457
00:20:35,240 --> 00:20:38,200
Speaker 3: enough money to pay bills, right, what would be your

458
00:20:38,240 --> 00:20:41,480
Speaker 3: suggestion to kind of what's a good starter way for

459
00:20:41,600 --> 00:20:46,240
Speaker 3: them to actually start investing? Like what's your opinion? Because

460
00:20:46,280 --> 00:20:47,800
Speaker 3: I know, like you know what I'm saying, a lot

461
00:20:47,840 --> 00:20:49,879
Speaker 3: of times people might that might be a hurdle for

462
00:20:49,960 --> 00:20:52,400
Speaker 3: them to be like, well, I don't really have enough

463
00:20:52,400 --> 00:20:55,240
Speaker 3: discretionary income to put money into the stock market.

464
00:20:55,600 --> 00:20:57,360
Speaker 2: What's your what's your what's your thoughts for them?

465
00:20:57,640 --> 00:20:59,840
Speaker 4: So let me make sure I understand what you're saying,

466
00:21:00,200 --> 00:21:02,560
Speaker 4: Like you're saying they don't have enough money to invest

467
00:21:02,600 --> 00:21:03,480
Speaker 4: a hot should they start.

468
00:21:04,320 --> 00:21:05,639
Speaker 5: I'm gonna make sure I can answer it.

469
00:21:06,160 --> 00:21:08,400
Speaker 3: No, Like as far as like they if they're struggling

470
00:21:08,400 --> 00:21:11,600
Speaker 3: to invest, like what's some like what would be like?

471
00:21:11,800 --> 00:21:14,560
Speaker 3: Because for me, I'm looking at like even like an HSA,

472
00:21:14,760 --> 00:21:17,040
Speaker 3: right where people a lot of times might not be

473
00:21:17,080 --> 00:21:19,280
Speaker 3: familiar with that, Like that's the way to actually start

474
00:21:19,320 --> 00:21:22,600
Speaker 3: investing via your health insurance. It's like a backdoor investment way.

475
00:21:22,640 --> 00:21:25,639
Speaker 3: People don't know what HSA is. It's a health savings

476
00:21:25,680 --> 00:21:28,000
Speaker 3: account and break that down. Yeah, so like the health

477
00:21:28,040 --> 00:21:29,840
Speaker 3: savings account is so like you have like a high

478
00:21:29,880 --> 00:21:32,920
Speaker 3: deductible health plan, right, which is like very propulable, you know,

479
00:21:33,040 --> 00:21:34,880
Speaker 3: like I have a high deductible health plan, and it's

480
00:21:34,920 --> 00:21:37,480
Speaker 3: like usually when you don't go to the doctor a lot,

481
00:21:38,760 --> 00:21:41,760
Speaker 3: your premium, Like why would you pay for the regular

482
00:21:41,840 --> 00:21:44,719
Speaker 3: health plan like an HMO or PPO when you can

483
00:21:44,760 --> 00:21:46,800
Speaker 3: get a high deductible health plan. But the thing with

484
00:21:46,800 --> 00:21:48,680
Speaker 3: the high deductible health plan is that it's a higher

485
00:21:48,720 --> 00:21:51,720
Speaker 3: deductible Okay, right, So it's like let's say you got

486
00:21:51,800 --> 00:21:55,400
Speaker 3: the PPO, the premium might be like let's say four

487
00:21:55,440 --> 00:21:59,040
Speaker 3: hundred dollars a month, but with the high deductible plan,

488
00:21:59,119 --> 00:22:04,440
Speaker 3: it's two hundred dollars, but your deductible is a lot higher.

489
00:22:04,440 --> 00:22:07,440
Speaker 3: You deductible might be two times higher in the PPO.

490
00:22:07,840 --> 00:22:10,240
Speaker 3: So if you go too many times, you get caught

491
00:22:10,280 --> 00:22:12,160
Speaker 3: out there and you got to pay more money out

492
00:22:12,200 --> 00:22:12,600
Speaker 3: of pocket.

493
00:22:13,160 --> 00:22:14,600
Speaker 2: So it's a calculated risk.

494
00:22:15,119 --> 00:22:17,000
Speaker 3: But a lot of young The reason why I mentioned

495
00:22:17,040 --> 00:22:19,000
Speaker 3: is that a lot of young people and a lot

496
00:22:19,000 --> 00:22:21,639
Speaker 3: of people with every dollar's count they might either they

497
00:22:21,640 --> 00:22:23,840
Speaker 3: don't go to the doctor that much or they're just

498
00:22:23,880 --> 00:22:26,919
Speaker 3: making financial decisions where it's like, you know what, I

499
00:22:26,960 --> 00:22:29,359
Speaker 3: really can't afford the PPO, so I'm gonna do the

500
00:22:29,400 --> 00:22:32,920
Speaker 3: high deductible or whatever. So one of the good things

501
00:22:32,960 --> 00:22:34,919
Speaker 3: with the high deductible plan is that allows you with

502
00:22:34,960 --> 00:22:38,199
Speaker 3: the health savings account. So with the health savings account,

503
00:22:38,200 --> 00:22:41,919
Speaker 3: it's pretty much like a savings that you're putting money

504
00:22:41,920 --> 00:22:44,960
Speaker 3: into to pay for that deductible or any out of

505
00:22:45,000 --> 00:22:47,640
Speaker 3: pocket expenses that you may have. Right, But the good

506
00:22:47,680 --> 00:22:49,920
Speaker 3: thing is that the money comes up out of your

507
00:22:49,960 --> 00:22:52,400
Speaker 3: paycheck before you actually get paid. It's like the four

508
00:22:52,480 --> 00:22:54,639
Speaker 3: one K Okay, you know what I'm saying, So it

509
00:22:54,760 --> 00:22:57,520
Speaker 3: actually lowers your taxable income because it's the thing with

510
00:22:57,560 --> 00:22:59,960
Speaker 3: the four one K is that when you put money

511
00:23:00,040 --> 00:23:02,040
Speaker 3: into a four on one case's called pre tax dollars,

512
00:23:02,080 --> 00:23:03,960
Speaker 3: you know that. So it's like if you're making one

513
00:23:04,000 --> 00:23:05,920
Speaker 3: hundred thousand and you put ten thousand in, now you're

514
00:23:05,920 --> 00:23:08,240
Speaker 3: taxed on ninety thousand because it lowers your taxable income

515
00:23:08,240 --> 00:23:11,720
Speaker 3: by ten thousand dollars. So now with the HSA, like

516
00:23:11,800 --> 00:23:13,720
Speaker 3: the most you can put in is thirty five hundred

517
00:23:13,800 --> 00:23:16,199
Speaker 3: thirty five fifty for a single person in seventy one

518
00:23:16,280 --> 00:23:18,400
Speaker 3: hundred for a family. So let's say you put three

519
00:23:18,440 --> 00:23:21,560
Speaker 3: thousand dollars into the HSA. So now that you're making

520
00:23:21,760 --> 00:23:25,119
Speaker 3: you know, sixty thousand dollars. Now it lowers your taxable income,

521
00:23:25,520 --> 00:23:27,119
Speaker 3: so you're not paying any taxes on it.

522
00:23:27,200 --> 00:23:27,440
Speaker 2: Right.

523
00:23:27,680 --> 00:23:29,679
Speaker 3: But the cool thing about it is that it can

524
00:23:29,720 --> 00:23:32,159
Speaker 3: actually be invested, like how four one K is, So

525
00:23:32,200 --> 00:23:34,480
Speaker 3: you can put it in like different type of like investments,

526
00:23:34,480 --> 00:23:37,440
Speaker 3: stock market investments, mutual fund stuff like that, and now

527
00:23:38,400 --> 00:23:40,320
Speaker 3: the money grows. So now let's say you put like

528
00:23:40,359 --> 00:23:42,119
Speaker 3: three thousand dollars in for one year, right, but you

529
00:23:42,160 --> 00:23:43,440
Speaker 3: got to go to the eye doctor and you got

530
00:23:43,440 --> 00:23:45,640
Speaker 3: to get glasses or whatever any type of medical expense

531
00:23:46,119 --> 00:23:49,040
Speaker 3: instead of not having money to pay for it you've

532
00:23:49,040 --> 00:23:51,399
Speaker 3: been saving and you just use your HSA and they

533
00:23:51,440 --> 00:23:53,000
Speaker 3: give you like a debit card and all that. But

534
00:23:54,160 --> 00:23:55,919
Speaker 3: if you don't go to the doctor, because it's a

535
00:23:55,920 --> 00:23:57,960
Speaker 3: calculated risk, right, that's the whole point of having a

536
00:23:58,000 --> 00:23:58,800
Speaker 3: high deductible plan.

537
00:23:58,840 --> 00:23:59,800
Speaker 2: You're not going to the doctor.

538
00:24:00,080 --> 00:24:01,879
Speaker 3: So if you don't go to the doctor, what happens

539
00:24:01,960 --> 00:24:03,720
Speaker 3: is that that money rolls.

540
00:24:03,480 --> 00:24:05,320
Speaker 2: Over and to the next year.

541
00:24:05,640 --> 00:24:07,960
Speaker 3: So now next year you start with three thousand, right,

542
00:24:08,160 --> 00:24:10,800
Speaker 3: So what happens is that the money grows. And it's

543
00:24:10,880 --> 00:24:13,280
Speaker 3: kind of similar to an IRA because at the age

544
00:24:13,359 --> 00:24:16,320
Speaker 3: sixty five, you can actually take that money out without

545
00:24:16,320 --> 00:24:18,480
Speaker 3: paying a penalty. You take it out before you get

546
00:24:18,480 --> 00:24:21,600
Speaker 3: a penalty. Now sixty five, you can take the money out.

547
00:24:21,880 --> 00:24:23,840
Speaker 3: You just pay state and federal tax. You don't pay

548
00:24:24,119 --> 00:24:26,640
Speaker 3: a ten percent penalty or twenty percent penalty for taking

549
00:24:26,640 --> 00:24:29,399
Speaker 3: the money out early. So that's kind of like a

550
00:24:29,440 --> 00:24:32,320
Speaker 3: backdoor way. Like for me in my opinion, where it's like,

551
00:24:32,520 --> 00:24:35,080
Speaker 3: I gotta save money for my health insurance. So if

552
00:24:35,119 --> 00:24:38,040
Speaker 3: my budget was let's say four hundred dollars a month,

553
00:24:38,760 --> 00:24:41,760
Speaker 3: I'd rather do the high deductible plan, put two hundred

554
00:24:41,760 --> 00:24:44,919
Speaker 3: towards the premium two hundred towards the HSA. If I

555
00:24:44,920 --> 00:24:46,879
Speaker 3: got to use it for the I'm gonna use it anyway.

556
00:24:47,119 --> 00:24:49,880
Speaker 3: But if not, now that's going to be like an investment.

557
00:24:50,200 --> 00:24:52,400
Speaker 3: You know what I'm saying. A couple thousand dollars over

558
00:24:52,400 --> 00:24:54,159
Speaker 3: the course of time adds up. You might have it

559
00:24:54,480 --> 00:24:56,160
Speaker 3: some one hundred thousand dollars in thirty years.

560
00:24:56,200 --> 00:24:57,679
Speaker 7: I'm from the world where it was like, yo, if

561
00:24:57,680 --> 00:25:00,600
Speaker 7: you didn't use your benefits this year, yeah, they don't

562
00:25:00,680 --> 00:25:02,520
Speaker 7: roll over the next It's like, yeah, you better use

563
00:25:02,560 --> 00:25:03,960
Speaker 7: it by the eleventh of November.

564
00:25:04,440 --> 00:25:06,359
Speaker 3: Well, the thing about it is, it's so many different

565
00:25:06,400 --> 00:25:09,240
Speaker 3: things as far as like even with the four one K,

566
00:25:09,280 --> 00:25:10,919
Speaker 3: people don't know that you got a raw four one

567
00:25:11,000 --> 00:25:12,679
Speaker 3: k options you might have that, like and it's like

568
00:25:13,160 --> 00:25:15,000
Speaker 3: you don't even know a lot of times what's offered

569
00:25:15,040 --> 00:25:17,320
Speaker 3: at your job, right, And this is why education is

570
00:25:17,359 --> 00:25:19,000
Speaker 3: so important, Like you know what I'm saying. It's like

571
00:25:19,800 --> 00:25:22,760
Speaker 3: little stuff like that might change the direction of.

572
00:25:22,720 --> 00:25:25,080
Speaker 6: Your thousand, one thousand decent berro Like know what I'm saying.

573
00:25:25,400 --> 00:25:28,440
Speaker 7: You get that email like in this world, in this world, yeah,

574
00:25:28,440 --> 00:25:29,399
Speaker 7: you're not familiar with this.

575
00:25:29,400 --> 00:25:30,520
Speaker 6: It's been a while, right, So.

576
00:25:30,440 --> 00:25:32,040
Speaker 7: In this one like they give you an email like, Yo,

577
00:25:32,080 --> 00:25:34,840
Speaker 7: this financial advisor is coming on December fifteenth if you

578
00:25:34,880 --> 00:25:37,040
Speaker 7: want a schedule appointment, And it'd be something like the

579
00:25:37,320 --> 00:25:40,359
Speaker 7: dude with ballheaded with glasses and he talking to you

580
00:25:40,359 --> 00:25:41,680
Speaker 7: and you're like, Yo, what is he talking about?

581
00:25:41,680 --> 00:25:43,440
Speaker 6: You know what I'm saying. But like this type of information,

582
00:25:43,520 --> 00:25:45,199
Speaker 6: it's like yo, people just knew it.

583
00:25:45,680 --> 00:25:48,399
Speaker 3: Yeah, man, but so yeah, so like for you, like

584
00:25:49,280 --> 00:25:51,480
Speaker 3: I want you to really hammer the home, like even

585
00:25:51,520 --> 00:25:54,679
Speaker 3: you could save even one hundred dollars right, like fifty

586
00:25:54,680 --> 00:25:55,560
Speaker 3: dollars a month, gotcha?

587
00:25:55,880 --> 00:25:57,280
Speaker 5: Yeah, So let me say this first.

588
00:25:57,280 --> 00:25:59,160
Speaker 4: Man, I say this on Chapping Tuesday all the time,

589
00:25:59,560 --> 00:26:02,000
Speaker 4: and I don't people be thinking I'd be dead serious.

590
00:26:02,080 --> 00:26:07,360
Speaker 4: Jo Listen, I'm not a fiduciary or financial advisor.

591
00:26:08,280 --> 00:26:11,320
Speaker 5: Know that everything I say is for entertainment purposes.

592
00:26:11,320 --> 00:26:12,360
Speaker 6: On you can take them.

593
00:26:12,400 --> 00:26:15,520
Speaker 4: If you can't mitigate the risk, you must seek out

594
00:26:15,720 --> 00:26:19,119
Speaker 4: financial advisory. I'm not one, but I know one by

595
00:26:19,119 --> 00:26:24,400
Speaker 4: the name of Rashad. He can take you to glory.

596
00:26:24,960 --> 00:26:28,240
Speaker 4: I can just take you to the Listen. This dude

597
00:26:28,320 --> 00:26:32,800
Speaker 4: is so smart they sleep on. I say that every Tuesday, man,

598
00:26:32,800 --> 00:26:35,040
Speaker 4: and people be laughing. But this dude is brilliant.

599
00:26:35,080 --> 00:26:35,280
Speaker 6: Man.

600
00:26:36,040 --> 00:26:38,520
Speaker 5: You he just broke that dumb he had me like.

601
00:26:38,800 --> 00:26:40,160
Speaker 6: I just got blue cross ship.

602
00:26:43,800 --> 00:26:48,720
Speaker 4: I'm happy I got call this guy.

603
00:26:48,760 --> 00:26:52,960
Speaker 5: He come with I got an idea. But that's that's

604
00:26:53,080 --> 00:26:54,040
Speaker 5: that's real talk, man.

605
00:26:54,119 --> 00:26:55,920
Speaker 4: So one of the things I like to do is

606
00:26:55,960 --> 00:26:58,200
Speaker 4: tell people to say, try to save ten percent whatever

607
00:26:58,200 --> 00:27:00,360
Speaker 4: they make, write whatever you mean it. If you get

608
00:27:00,359 --> 00:27:02,760
Speaker 4: one hundred dollars a week, save ten percent. If you

609
00:27:02,800 --> 00:27:05,280
Speaker 4: get one hundred dollars every two weeks, save ten percent.

610
00:27:05,600 --> 00:27:08,639
Speaker 4: And so the easiest way to get in the market,

611
00:27:08,720 --> 00:27:11,600
Speaker 4: because we understand that the stock market does for you

612
00:27:12,960 --> 00:27:14,919
Speaker 4: way more than putting your money in a bank to

613
00:27:14,960 --> 00:27:17,320
Speaker 4: do for you. Right, we already understand. We all have

614
00:27:17,440 --> 00:27:20,439
Speaker 4: beat that drum forever, right, And so one of the

615
00:27:20,480 --> 00:27:24,360
Speaker 4: things you can do is get into index funds or ETFs, right.

616
00:27:24,400 --> 00:27:26,439
Speaker 4: And the reason being is because so let's say you

617
00:27:26,560 --> 00:27:30,520
Speaker 4: not you're not comfortable enough to say, let me buy

618
00:27:30,600 --> 00:27:33,480
Speaker 4: a Tesla. I don't have enough to buy a Tesla

619
00:27:33,600 --> 00:27:37,760
Speaker 4: right now. I ain't my risk tolerance it's not there

620
00:27:37,840 --> 00:27:41,639
Speaker 4: yet to see beyond meat go down five ten percent

621
00:27:41,680 --> 00:27:42,560
Speaker 4: and still be there.

622
00:27:42,880 --> 00:27:43,040
Speaker 5: Right.

623
00:27:43,040 --> 00:27:45,480
Speaker 4: And most people don't even understand, you know, and it's

624
00:27:45,520 --> 00:27:46,439
Speaker 4: not because they don't know it.

625
00:27:46,440 --> 00:27:49,160
Speaker 5: Because these haven't been exposed to yet. They don't know that.

626
00:27:49,480 --> 00:27:51,520
Speaker 4: If the stock you bought it at thirty dollars and

627
00:27:51,600 --> 00:27:53,960
Speaker 4: it goes down to twenty eight, most people in the mine,

628
00:27:54,119 --> 00:27:55,080
Speaker 4: I lost some money.

629
00:27:55,440 --> 00:27:57,040
Speaker 6: You know what I'm saying. That's not the case.

630
00:27:57,359 --> 00:27:59,720
Speaker 4: So one of the best things I would say for

631
00:27:59,760 --> 00:28:02,800
Speaker 4: people to do is buy index funds like ETS when

632
00:28:02,840 --> 00:28:05,600
Speaker 4: you first got in the game. Ets for me ets

633
00:28:05,640 --> 00:28:07,760
Speaker 4: better than index funds, you know what I'm saying. And

634
00:28:07,800 --> 00:28:10,560
Speaker 4: it's simply because now you can get exposure to a

635
00:28:10,720 --> 00:28:13,879
Speaker 4: specific industry. Right and I know an episode for the

636
00:28:13,920 --> 00:28:16,680
Speaker 4: Full the Classic, we broke.

637
00:28:16,480 --> 00:28:18,800
Speaker 5: Something down, but in the reup, we're gonna reentery it.

638
00:28:19,080 --> 00:28:22,880
Speaker 4: Right. So it's an ETF is simple where let's say

639
00:28:22,920 --> 00:28:25,159
Speaker 4: I wanted to buy some marijuana stocks, right, but I

640
00:28:25,200 --> 00:28:28,280
Speaker 4: know that's kind of a volatile industry. It's full of

641
00:28:28,320 --> 00:28:30,199
Speaker 4: young bucks. You know what I'm saying, It's full of

642
00:28:30,280 --> 00:28:32,840
Speaker 4: young bucks. So what happens is you can buy the

643
00:28:32,880 --> 00:28:35,880
Speaker 4: marijuana ETF. And now depending on which one you buy,

644
00:28:35,920 --> 00:28:38,760
Speaker 4: whether it's Yolo, whether it's MJ, you know what I'm saying.

645
00:28:38,800 --> 00:28:43,240
Speaker 4: Now you have fifteen twenty marijuana stocks at one time, right,

646
00:28:43,280 --> 00:28:45,280
Speaker 4: and now if one or two of them down, or

647
00:28:45,320 --> 00:28:48,760
Speaker 4: three of them down, the whole industry, that whole ETF

648
00:28:48,880 --> 00:28:51,040
Speaker 4: might go down fifty cent, right.

649
00:28:51,080 --> 00:28:52,840
Speaker 5: Whereas if you in that one stock that.

650
00:28:52,840 --> 00:28:54,880
Speaker 4: Went down any give them money, you wake up and

651
00:28:54,920 --> 00:28:57,280
Speaker 4: you down eight dollars, you know what I'm saying.

652
00:28:57,400 --> 00:29:01,200
Speaker 5: So, and also with indexed funds ETFs.

653
00:29:01,200 --> 00:29:05,680
Speaker 4: I'm not a fan of dollar cost averaging because that

654
00:29:05,760 --> 00:29:08,800
Speaker 4: allows me to buy stocks over priced over time. But

655
00:29:08,840 --> 00:29:12,880
Speaker 4: with index funds and ETFs that are fifty dollars sixty dollars,

656
00:29:12,920 --> 00:29:14,520
Speaker 4: you can buy into those every time.

657
00:29:14,600 --> 00:29:17,000
Speaker 3: And dollar cost averaging for anybody is when you put

658
00:29:17,040 --> 00:29:19,320
Speaker 3: money in every single month, for every single it's a

659
00:29:19,360 --> 00:29:20,840
Speaker 3: period of time, every week or whatever.

660
00:29:20,960 --> 00:29:22,200
Speaker 6: Yeah it.

661
00:29:22,280 --> 00:29:24,240
Speaker 5: So you buy an apple, you will buy no matter

662
00:29:24,280 --> 00:29:25,040
Speaker 5: what the price is.

663
00:29:25,160 --> 00:29:26,040
Speaker 2: Every first of the month.

664
00:29:26,160 --> 00:29:26,840
Speaker 5: You buying apple.

665
00:29:27,120 --> 00:29:29,560
Speaker 4: No matter what the price is, you buying it though,

666
00:29:29,960 --> 00:29:32,520
Speaker 4: just to stay in right. And so for me, I'm

667
00:29:32,520 --> 00:29:36,600
Speaker 4: not a dollar cost averaging person. I'm an averaging down

668
00:29:36,880 --> 00:29:39,520
Speaker 4: type of person, right, And averaging down is saying I

669
00:29:39,560 --> 00:29:40,480
Speaker 4: found it, I bought it.

670
00:29:40,440 --> 00:29:42,760
Speaker 5: At fifteen dollars. I don't care if it run all

671
00:29:42,760 --> 00:29:43,240
Speaker 5: the way up.

672
00:29:43,520 --> 00:29:43,680
Speaker 6: Right.

673
00:29:43,760 --> 00:29:47,320
Speaker 4: Now, what I do is I'm every half a year,

674
00:29:47,560 --> 00:29:50,520
Speaker 4: every two quarters, I reevaluate every stock I'm invested in,

675
00:29:50,920 --> 00:29:51,840
Speaker 4: right to understand what.

676
00:29:51,920 --> 00:29:52,920
Speaker 6: A value is at.

677
00:29:53,120 --> 00:29:57,360
Speaker 4: So now if the stock price dips, I'm not buying it,

678
00:29:57,400 --> 00:29:59,760
Speaker 4: but it dips at a below value price I can

679
00:29:59,800 --> 00:30:03,320
Speaker 4: buy right. So example, I bought Amazon in twenty eighteen

680
00:30:03,920 --> 00:30:06,200
Speaker 4: at nineteen hundred dollars.

681
00:30:06,520 --> 00:30:08,600
Speaker 6: I bought it in October.

682
00:30:09,520 --> 00:30:11,480
Speaker 5: November December eighteen.

683
00:30:11,560 --> 00:30:14,920
Speaker 4: The market went into a correction, you know what I'm saying,

684
00:30:14,960 --> 00:30:18,720
Speaker 4: and it went from nineteen to seventeen, nineteen hundred to

685
00:30:18,720 --> 00:30:21,280
Speaker 4: seventeen hundred. I bought it at seventeen hundred. Now what

686
00:30:21,320 --> 00:30:24,680
Speaker 4: that does is that brings my nineteen hundred dollars buying

687
00:30:24,760 --> 00:30:27,520
Speaker 4: price down to about eighteen twenty five.

688
00:30:28,160 --> 00:30:29,880
Speaker 5: Right, So now, don't got a way to get to

689
00:30:30,000 --> 00:30:31,720
Speaker 5: nineteen to see profit.

690
00:30:31,960 --> 00:30:35,160
Speaker 4: I can start seeing profit again at eighteen seventy five, right,

691
00:30:35,200 --> 00:30:38,240
Speaker 4: And so then it went from eighteen to sixteen.

692
00:30:38,720 --> 00:30:40,520
Speaker 5: I bought two moshas at sixteen.

693
00:30:40,840 --> 00:30:43,760
Speaker 4: So now instead of me seeing profit at eighteen seventy five,

694
00:30:44,040 --> 00:30:46,760
Speaker 4: I can probably see profit now at like seventeen eighty

695
00:30:47,200 --> 00:30:50,600
Speaker 4: or something like that. Right, And then it went down

696
00:30:50,680 --> 00:30:54,840
Speaker 4: from seventeen. I mean from seventeen to fifteen, I missed

697
00:30:54,840 --> 00:30:57,160
Speaker 4: it and I got it again at thirteen. So now

698
00:30:57,280 --> 00:31:00,760
Speaker 4: instead of me seeing profit at nineteen, I now got

699
00:31:00,800 --> 00:31:04,800
Speaker 4: profits at sixteen hundred. When I bought at thirteen forty three,

700
00:31:04,840 --> 00:31:06,520
Speaker 4: it brought my cost basis all the way down to

701
00:31:06,600 --> 00:31:09,080
Speaker 4: like sixteen seventy five. You feel what I'm saying. So

702
00:31:09,160 --> 00:31:12,240
Speaker 4: I'm with buying a discount over a period of time.

703
00:31:12,600 --> 00:31:13,400
Speaker 5: I'm okay with that.

704
00:31:13,480 --> 00:31:16,360
Speaker 4: And I told Smalls that I was like, yo, I

705
00:31:16,360 --> 00:31:17,520
Speaker 4: don't like green markets.

706
00:31:17,840 --> 00:31:20,959
Speaker 6: I like blood. I like blood.

707
00:31:21,120 --> 00:31:23,200
Speaker 4: You know what I'm saying, because that means I can

708
00:31:23,240 --> 00:31:25,959
Speaker 4: get stuff at a discount. But back to what we

709
00:31:25,960 --> 00:31:30,760
Speaker 4: were saying, So with individual stocks, I'm a dollar cost average,

710
00:31:30,960 --> 00:31:34,680
Speaker 4: But with index funds and ETFs, it's a great way for.

711
00:31:34,680 --> 00:31:35,040
Speaker 6: You to.

712
00:31:36,920 --> 00:31:39,120
Speaker 7: This episode is brought to you by P and C Bank.

713
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721
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723
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724
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725
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Speaker 6: Erners What's up?

726
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Speaker 7: You ever walk into a small business and everything just

727
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Speaker 7: works like The checkout is fast, the receipts are digital,

728
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Speaker 7: tipping is a breeze, and you're out the door before

729
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Speaker 7: the line even builds Odds are they're using Square. We

730
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Speaker 7: love supporting businesses that run on Square because it just

731
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Speaker 7: feels seamless. Whether it's a local coffee shop, a vendor

732
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Speaker 7: at a pop up market, or even one of our

733
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Speaker 7: merch partners. Square makes it easy for them to take payments,

734
00:32:46,560 --> 00:32:50,280
Speaker 7: manage inventory, and run their business with confidence, all from

735
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Speaker 7: one simple system. If you're a business owner or even

736
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Speaker 7: just thinking about launching something soon, Square is hands down

737
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738
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Speaker 7: start run angrow. It's not just about payments, it's about

739
00:33:03,720 --> 00:33:06,200
Speaker 7: giving you time back so you can focus on what

740
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741
00:33:10,240 --> 00:33:14,920
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742
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743
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744
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Speaker 7: can keep pushing your vision forward.

745
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Speaker 8: An illegal alien from Guatemala charged with raping a child

746
00:33:30,840 --> 00:33:34,640
Speaker 8: in Massachusetts. An MS thirteen gang member from El Salvador

747
00:33:34,880 --> 00:33:39,040
Speaker 8: accused of murdering a Texas man of Venezuelan charged with

748
00:33:39,120 --> 00:33:43,000
Speaker 8: filming and selling child pornography in Michigan. These are just

749
00:33:43,080 --> 00:33:46,880
Speaker 8: some of the heinous migrant criminals caught because of President

750
00:33:46,880 --> 00:33:50,480
Speaker 8: Donald J. Trump's leadership. I'm Christy Nohm, the United States

751
00:33:50,480 --> 00:33:55,280
Speaker 8: Secretary of Homeland Security. Under President Trump, attempted illegal border

752
00:33:55,320 --> 00:33:58,840
Speaker 8: crossings are at the lowest levels ever recorded, and over

753
00:33:58,920 --> 00:34:02,040
Speaker 8: one hundred thousand dollars legal aliens have been arrested. If

754
00:34:02,080 --> 00:34:05,720
Speaker 8: you were here illegally, you're next. You will be fine

755
00:34:05,760 --> 00:34:09,880
Speaker 8: nearly one thousand dollars a day. Imprisoned and deported, you

756
00:34:09,960 --> 00:34:13,480
Speaker 8: will never return. But if you register using our CBP

757
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Speaker 8: home app and leave now, you could be allowed to

758
00:34:16,440 --> 00:34:21,240
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759
00:34:21,400 --> 00:34:24,560
Speaker 8: America's laws border and families.

760
00:34:24,160 --> 00:34:26,560
Speaker 6: Will be protected sponsored by the United States Department of

761
00:34:26,600 --> 00:34:27,200
Speaker 6: Homeland Security.

762
00:34:28,239 --> 00:34:30,880
Speaker 3: Get in with a lower amount every time because there's

763
00:34:30,880 --> 00:34:31,960
Speaker 3: not the same requirement that.

764
00:34:31,920 --> 00:34:33,160
Speaker 6: You have to put a requirements.

765
00:34:33,160 --> 00:34:34,960
Speaker 5: So now I can get in like you can.

766
00:34:34,840 --> 00:34:39,320
Speaker 4: Get I think one is the one besides the ETF.

767
00:34:39,400 --> 00:34:43,120
Speaker 4: Another in one is the there's like a high dividend

768
00:34:43,120 --> 00:34:47,120
Speaker 4: ETF right way, it's like forty two dollars, right, and

769
00:34:47,200 --> 00:34:48,680
Speaker 4: you can get in it every month.

770
00:34:49,040 --> 00:34:49,680
Speaker 5: You know what I'm saying.

771
00:34:49,719 --> 00:34:51,960
Speaker 4: You can put you know, you saving ten percent of

772
00:34:52,000 --> 00:34:54,480
Speaker 4: your money every week, so that means once a month

773
00:34:54,520 --> 00:34:56,560
Speaker 4: you can be able to get this index one and

774
00:34:56,640 --> 00:34:57,800
Speaker 4: it's this ETF.

775
00:34:57,840 --> 00:34:59,160
Speaker 5: And one of the things you can do is you

776
00:34:59,200 --> 00:34:59,560
Speaker 5: can just.

777
00:34:59,480 --> 00:35:03,680
Speaker 4: Say great dividend ETFs to invest in, right, and then

778
00:35:03,719 --> 00:35:06,200
Speaker 4: the ETF itself is going to They've now done the

779
00:35:06,200 --> 00:35:09,319
Speaker 4: homework for you. They've put the best dividend ETFs in

780
00:35:09,360 --> 00:35:12,120
Speaker 4: that ETF. I mean the best dividend stocks in that ETF.

781
00:35:12,400 --> 00:35:13,399
Speaker 4: So now you don't have.

782
00:35:13,320 --> 00:35:15,520
Speaker 5: To let me research this, let me research that.

783
00:35:15,680 --> 00:35:18,120
Speaker 4: You just look at the performance, how has it performed

784
00:35:18,120 --> 00:35:20,320
Speaker 4: over the last year five years.

785
00:35:20,080 --> 00:35:20,959
Speaker 5: And you say, okay, cool.

786
00:35:20,960 --> 00:35:23,200
Speaker 4: Every month I'm gonna just put fifty dollars in a here, right,

787
00:35:23,320 --> 00:35:25,160
Speaker 4: one hundred dollars in a year, and you can just

788
00:35:25,280 --> 00:35:26,600
Speaker 4: keep doing that.

789
00:35:26,600 --> 00:35:27,440
Speaker 5: That's a great way.

790
00:35:27,360 --> 00:35:29,279
Speaker 7: When we're doing When we're doing that with are we

791
00:35:29,360 --> 00:35:31,000
Speaker 7: looking into the expense ratios as well?

792
00:35:31,000 --> 00:35:31,440
Speaker 6: Of course?

793
00:35:31,480 --> 00:35:33,879
Speaker 4: And it's just for that so in case people don't

794
00:35:33,880 --> 00:35:36,440
Speaker 4: know what the expense ratio is, that's just simply how

795
00:35:36,520 --> 00:35:41,680
Speaker 4: much you're paying someone to run this, and it's extremely cheap,

796
00:35:42,040 --> 00:35:44,319
Speaker 4: Like it's cheap like for me, when I'm looking at

797
00:35:44,320 --> 00:35:47,359
Speaker 4: expense ratios, I want it to be less than one, right,

798
00:35:47,440 --> 00:35:49,959
Speaker 4: So it's less than one, so I'm paying them less

799
00:35:50,000 --> 00:35:52,480
Speaker 4: than one percent. And so with these ETFs, a lot

800
00:35:52,560 --> 00:35:54,480
Speaker 4: of times you can get them at zero point seventy

801
00:35:54,480 --> 00:35:58,160
Speaker 4: five percent, zero point sixty five percent, zero point fifty cent.

802
00:35:58,239 --> 00:36:00,680
Speaker 4: That's something like for every thousand dollars that you pay.

803
00:36:00,520 --> 00:36:01,320
Speaker 6: Them, five dollars.

804
00:36:01,640 --> 00:36:03,120
Speaker 7: You know, I think that's I think that's something like

805
00:36:03,440 --> 00:36:06,000
Speaker 7: people don't even realize, right, like you're actually paying that.

806
00:36:06,080 --> 00:36:07,400
Speaker 6: Yeah, you know what I'm saying, it's like kind of

807
00:36:07,440 --> 00:36:08,200
Speaker 6: a hit and you're.

808
00:36:08,040 --> 00:36:10,680
Speaker 4: Not gonna feel it because what's gonna happen is it's

809
00:36:10,719 --> 00:36:14,160
Speaker 4: called passive investment. So now what happens is once a year,

810
00:36:15,120 --> 00:36:17,840
Speaker 4: whatever your returns off of the year, it will take.

811
00:36:17,719 --> 00:36:20,080
Speaker 5: Five dollars out. You're not you're gonna see it, you

812
00:36:20,160 --> 00:36:20,720
Speaker 5: know what I'm saying.

813
00:36:20,920 --> 00:36:24,080
Speaker 4: So I don't mind if you don't really know too much,

814
00:36:24,120 --> 00:36:26,520
Speaker 4: and that gives you time to be in the market.

815
00:36:26,560 --> 00:36:29,239
Speaker 4: One of the things I always say is time in

816
00:36:29,320 --> 00:36:32,120
Speaker 4: the market is better than time meanings the market.

817
00:36:33,160 --> 00:36:33,319
Speaker 6: Right.

818
00:36:33,440 --> 00:36:36,680
Speaker 2: Say that? Say that again, Say that.

819
00:36:35,920 --> 00:36:47,160
Speaker 9: Like it was a Negro spiritual bron Yeah so.

820
00:36:48,400 --> 00:36:50,120
Speaker 6: So so time in the market.

821
00:36:54,120 --> 00:36:57,480
Speaker 4: The fact, time in the market is better than time

822
00:36:57,560 --> 00:37:00,719
Speaker 4: meaning the market, right, So just that experience, you know

823
00:37:00,760 --> 00:37:02,920
Speaker 4: what I'm saying, being in the market every day, putting

824
00:37:02,920 --> 00:37:05,000
Speaker 4: your money in those Let's say you buy that ETF

825
00:37:05,440 --> 00:37:08,640
Speaker 4: every month, you buying it, right, You in the market, right,

826
00:37:08,920 --> 00:37:12,319
Speaker 4: You're letting them do the hard work. You downsize the risk.

827
00:37:12,680 --> 00:37:15,319
Speaker 4: Your money is making money for you. So while you're

828
00:37:15,400 --> 00:37:18,640
Speaker 4: letting that happen, you can be learning how to research.

829
00:37:18,760 --> 00:37:20,680
Speaker 4: You can be learning what it takes, and you can

830
00:37:20,680 --> 00:37:24,000
Speaker 4: start with researching the business that inside the ETF. You

831
00:37:24,000 --> 00:37:26,280
Speaker 4: know what I'm saying. You can break that down to dimes.

832
00:37:26,320 --> 00:37:28,480
Speaker 4: You know what I'm saying, you can break that breakdown.

833
00:37:28,040 --> 00:37:32,520
Speaker 6: A bunch of dimes already, big trap.

834
00:37:34,120 --> 00:37:36,200
Speaker 4: You can break that breakdown of dimes like you can

835
00:37:36,239 --> 00:37:41,760
Speaker 4: take that ETF and now go to Yahoo finance. Right, simple,

836
00:37:41,800 --> 00:37:44,399
Speaker 4: go to Yahoo Finance. Put the ETF in the search ball.

837
00:37:44,719 --> 00:37:47,000
Speaker 4: Now you can go slide over to those hyper links.

838
00:37:47,040 --> 00:37:51,799
Speaker 4: You'll see financials, you'll see summary, you'll see performance, and

839
00:37:51,800 --> 00:37:55,400
Speaker 4: then you'll see holdings. Right, holdings is the company's inside

840
00:37:55,400 --> 00:37:58,640
Speaker 4: of the ETF. Press that holdings. Scroll down because the

841
00:37:58,640 --> 00:38:00,560
Speaker 4: first thing is going to tell you is is what

842
00:38:01,360 --> 00:38:03,040
Speaker 4: types of businesses are in the ECF.

843
00:38:03,040 --> 00:38:06,320
Speaker 6: You'll see basic materials in you know, financials. Whatever.

844
00:38:06,640 --> 00:38:09,960
Speaker 4: You go down and it'll show you now the businesses

845
00:38:10,080 --> 00:38:13,600
Speaker 4: and the percent of those businesses of the inside the ETL.

846
00:38:13,960 --> 00:38:15,920
Speaker 4: And so now what happens is you can look at

847
00:38:15,960 --> 00:38:17,520
Speaker 4: those business and start your research there.

848
00:38:17,840 --> 00:38:19,719
Speaker 7: Quick question for you though, like so when you see

849
00:38:19,960 --> 00:38:22,239
Speaker 7: what's inside the holes, what is the percentage you like?

850
00:38:22,320 --> 00:38:22,480
Speaker 6: Right?

851
00:38:22,520 --> 00:38:26,040
Speaker 7: So, Like, if I'm looking at like uh an XL

852
00:38:26,160 --> 00:38:28,040
Speaker 7: Y or something like that, and I see the allocation

853
00:38:28,360 --> 00:38:29,920
Speaker 7: for a company, what.

854
00:38:29,880 --> 00:38:31,719
Speaker 6: Number or percentage do you look like? You know? What?

855
00:38:32,320 --> 00:38:33,799
Speaker 6: I like that number? Right? Do I want?

856
00:38:33,880 --> 00:38:36,160
Speaker 7: I want them to be allocated like five to seven

857
00:38:36,280 --> 00:38:38,600
Speaker 7: or is it like eight to ten percent of some

858
00:38:38,600 --> 00:38:40,400
Speaker 7: of like these big time so they.

859
00:38:40,320 --> 00:38:44,680
Speaker 4: All they all differentiate. I'm not honestly that part. I'm

860
00:38:44,719 --> 00:38:47,680
Speaker 4: not tripping on. But I do want to know where

861
00:38:47,680 --> 00:38:50,759
Speaker 4: the majority of the money is, right, So let's say it.

862
00:38:50,960 --> 00:38:52,720
Speaker 5: We'll just use example, We'll just say.

863
00:38:52,560 --> 00:38:55,719
Speaker 4: A ETF XLB whatever that is, right. We're just gonna

864
00:38:55,719 --> 00:38:57,160
Speaker 4: through some cause I don't even nobody saying tray to

865
00:38:57,160 --> 00:39:00,640
Speaker 4: say it this right. So let's say we're using X, right,

866
00:39:00,680 --> 00:39:04,520
Speaker 4: and let's say ten percent their top five holdings is

867
00:39:05,000 --> 00:39:10,719
Speaker 4: Earn your Leisure, Wall Street Trapper, you know, in other businesses, right.

868
00:39:11,480 --> 00:39:13,640
Speaker 4: And so let's say now we're looking at the holders

869
00:39:13,640 --> 00:39:16,120
Speaker 4: and we see, okay, well, ten percent.

870
00:39:15,800 --> 00:39:18,520
Speaker 6: Of their money is in Earn your Leisure.

871
00:39:19,160 --> 00:39:21,960
Speaker 5: Eight percent of their money is in Wall Street Trapper.

872
00:39:22,280 --> 00:39:25,440
Speaker 4: So that means, now, if that was one hundred dollars,

873
00:39:25,480 --> 00:39:30,040
Speaker 4: ten dollars of that is in Earn your Leisure, right,

874
00:39:30,640 --> 00:39:33,719
Speaker 4: eight dollars of that is in Wall Street Trapper. Right,

875
00:39:33,719 --> 00:39:36,000
Speaker 4: So if it's one hundred dollars, you break those percentages

876
00:39:36,040 --> 00:39:37,960
Speaker 4: down like that. What I do like to see is

877
00:39:38,840 --> 00:39:42,240
Speaker 4: the businesses that they are strong in are solid businesses,

878
00:39:42,840 --> 00:39:43,439
Speaker 4: you know what I'm saying.

879
00:39:43,440 --> 00:39:44,240
Speaker 5: If they solid.

880
00:39:44,400 --> 00:39:46,960
Speaker 4: Now, if you got a company that's bad, then that's

881
00:39:46,960 --> 00:39:50,120
Speaker 4: why I like the ETS because if a company is

882
00:39:50,160 --> 00:39:53,239
Speaker 4: not performing, they're gonna get them out of there. Like

883
00:39:53,400 --> 00:39:55,560
Speaker 4: you know, it's just like you know, against it. Like

884
00:39:55,600 --> 00:39:57,640
Speaker 4: if I got a trap booming and I got some

885
00:39:57,680 --> 00:40:01,560
Speaker 4: soldiers and you ain't performing, I got trap bringing in this,

886
00:40:01,840 --> 00:40:02,680
Speaker 4: shot bringing in this.

887
00:40:03,000 --> 00:40:05,400
Speaker 5: You know, shot in shot, but you know shot bringing

888
00:40:05,440 --> 00:40:05,640
Speaker 5: in this.

889
00:40:05,960 --> 00:40:07,680
Speaker 4: I got them other traps bringing in this, and you

890
00:40:07,680 --> 00:40:09,160
Speaker 4: ain't performing, fam.

891
00:40:08,960 --> 00:40:10,919
Speaker 6: You gotta go. You out of a job.

892
00:40:11,000 --> 00:40:13,200
Speaker 4: You can't run for me no more what I need

893
00:40:13,239 --> 00:40:15,600
Speaker 4: you for, you know what I'm saying. So they're gonna

894
00:40:15,600 --> 00:40:16,719
Speaker 4: do that. And a lot of them they do it

895
00:40:16,760 --> 00:40:18,719
Speaker 4: once a year, or some of them do it every

896
00:40:18,760 --> 00:40:20,320
Speaker 4: two years, but they're gonna switch.

897
00:40:20,239 --> 00:40:22,160
Speaker 6: Them out and put the next runner in there. I

898
00:40:22,239 --> 00:40:22,520
Speaker 6: love that.

899
00:40:22,800 --> 00:40:25,480
Speaker 7: That's important too, because like you can actually see it happen, right,

900
00:40:25,520 --> 00:40:26,280
Speaker 7: if you check.

901
00:40:26,200 --> 00:40:28,000
Speaker 6: From a year to year or every six months sometimes

902
00:40:28,040 --> 00:40:28,600
Speaker 6: it depends on.

903
00:40:28,520 --> 00:40:31,000
Speaker 7: The ETF, you'll actually see the allocation changed, right, So

904
00:40:31,080 --> 00:40:33,840
Speaker 7: you'll see one go from four percent to eight percent.

905
00:40:33,920 --> 00:40:36,120
Speaker 7: So it's good to know, Like yo, they see growth

906
00:40:36,160 --> 00:40:39,640
Speaker 7: in that company. They're putting more money into the ETF,

907
00:40:39,680 --> 00:40:40,640
Speaker 7: it becomes even stronger.

908
00:40:40,719 --> 00:40:42,080
Speaker 3: Let me ask you this one thing that we haven't

909
00:40:42,080 --> 00:40:44,440
Speaker 3: spoken about on this podcast yet in depth.

910
00:40:45,520 --> 00:40:46,120
Speaker 2: It's gold.

911
00:40:46,800 --> 00:40:49,279
Speaker 3: And that's something that's been popular this year two twenty twenty.

912
00:40:49,320 --> 00:40:51,280
Speaker 3: A lot of things have been ringing off in twenty twenty.

913
00:40:51,640 --> 00:40:54,320
Speaker 3: Goal is something that you know, people are just hearing

914
00:40:54,360 --> 00:40:56,720
Speaker 3: about and they're like, all right, I need to invest

915
00:40:56,760 --> 00:41:00,359
Speaker 3: in Goal is going up. It's you know, what's your

916
00:41:00,360 --> 00:41:01,680
Speaker 3: thoughts on investing in gold?

917
00:41:02,280 --> 00:41:03,799
Speaker 5: So I actually owned two hours ago?

918
00:41:04,160 --> 00:41:08,320
Speaker 4: Physical Yeah, I got him to save the positive because

919
00:41:08,320 --> 00:41:11,480
Speaker 4: one of even when invest in buying gold, you have

920
00:41:11,560 --> 00:41:15,440
Speaker 4: to be storage is key, Like you're not supposed to.

921
00:41:15,480 --> 00:41:18,640
Speaker 5: Have gold just laying around, you know what I'm saying,

922
00:41:18,640 --> 00:41:20,359
Speaker 5: Like that can put that on the mattress. I mean

923
00:41:20,400 --> 00:41:23,080
Speaker 5: you can. I find that you got some gold enough.

924
00:41:24,840 --> 00:41:32,920
Speaker 5: I don't live like that big trap. We're different.

925
00:41:34,239 --> 00:41:38,839
Speaker 4: We're different, ga, GA. But you know so, and then

926
00:41:38,880 --> 00:41:40,960
Speaker 4: you got a minus. You know if you tell somebody

927
00:41:40,960 --> 00:41:43,200
Speaker 4: you got that in there, you know what I'm saying.

928
00:41:43,239 --> 00:41:49,320
Speaker 4: So gold is an amazing product, man, It's amazing. Protection

929
00:41:49,480 --> 00:41:54,279
Speaker 4: of wealth, right, is what you would call insurance to

930
00:41:54,880 --> 00:41:58,319
Speaker 4: your wealth and a hedge against the dollar. So I

931
00:41:58,360 --> 00:42:01,719
Speaker 4: actually think that everybody's your own on goal. One of

932
00:42:01,760 --> 00:42:05,000
Speaker 4: the greatest things about gold is that brick is broken.

933
00:42:05,040 --> 00:42:07,400
Speaker 4: You can literally buy it in a kilo. My goal

934
00:42:07,520 --> 00:42:09,480
Speaker 4: is to buy a kilo of goal.

935
00:42:10,600 --> 00:42:11,720
Speaker 6: One thousand and one grand.

936
00:42:13,120 --> 00:42:17,240
Speaker 4: That's a that's a brick goal to brick baby brick

937
00:42:18,239 --> 00:42:18,680
Speaker 4: the aquilo.

938
00:42:18,880 --> 00:42:22,800
Speaker 6: So my goal is to actually buy a kilo of gold.

939
00:42:23,000 --> 00:42:24,319
Speaker 2: So where'd you buy gold from?

940
00:42:24,760 --> 00:42:26,360
Speaker 4: So you can get it in multiple ways? Now we

941
00:42:26,440 --> 00:42:29,719
Speaker 4: talking physical goal both, let's talk about a right So

942
00:42:29,760 --> 00:42:32,520
Speaker 4: we can get physical goal from a certified dealer, or

943
00:42:32,719 --> 00:42:35,800
Speaker 4: we can get get it from you can get online

944
00:42:35,960 --> 00:42:43,680
Speaker 4: and check for actual goal exchanges and gold securities meaning.

945
00:42:44,600 --> 00:42:49,040
Speaker 6: Like they literally whole goal j M. Bullying is one.

946
00:42:48,920 --> 00:42:50,560
Speaker 4: Of them, Like one of the best ones out I

947
00:42:50,560 --> 00:42:52,520
Speaker 4: was just going to ask about that bullion. It's one

948
00:42:52,520 --> 00:42:54,279
Speaker 4: of the one of the best ones out there. But

949
00:42:54,400 --> 00:42:56,120
Speaker 4: even when you buy your goal, what you got to

950
00:42:56,120 --> 00:42:59,200
Speaker 4: look for now is so you're never going to get

951
00:43:00,200 --> 00:43:02,360
Speaker 4: one hundred percent goal.

952
00:43:02,440 --> 00:43:03,360
Speaker 2: Because it's too soft.

953
00:43:03,600 --> 00:43:07,680
Speaker 4: Yeah, so now you gotta tap into how much of

954
00:43:07,719 --> 00:43:10,000
Speaker 4: the mixture that's in the goal.

955
00:43:10,560 --> 00:43:12,279
Speaker 5: You know what I'm saying, So now you know it's

956
00:43:12,680 --> 00:43:14,080
Speaker 5: you know, we start looking at that.

957
00:43:14,239 --> 00:43:18,560
Speaker 4: But you also got to pay attention when you're buying gold.

958
00:43:19,920 --> 00:43:21,319
Speaker 6: It's not easier to sell goal.

959
00:43:22,480 --> 00:43:24,520
Speaker 4: Like if you buy it, it's not easy to sell

960
00:43:24,520 --> 00:43:28,960
Speaker 4: it back, right because now, so there's this thing called

961
00:43:29,000 --> 00:43:31,680
Speaker 4: like the spot price on the goal, right, and that's

962
00:43:31,719 --> 00:43:34,680
Speaker 4: what the goal is actually worked. And then you have

963
00:43:35,040 --> 00:43:37,440
Speaker 4: what the deal is gonna charge you against the middle man,

964
00:43:37,480 --> 00:43:38,600
Speaker 4: Like if I got to go get it and I

965
00:43:38,600 --> 00:43:40,399
Speaker 4: got to sell it to you, then I won't mind,

966
00:43:40,880 --> 00:43:42,560
Speaker 4: you know what I'm saying. So you ain't gonna go

967
00:43:42,640 --> 00:43:44,799
Speaker 4: get it yourself, you know what I'm saying. So you

968
00:43:44,840 --> 00:43:48,400
Speaker 4: gotta see who's paying who's charging you the less? You

969
00:43:48,440 --> 00:43:50,480
Speaker 4: know who taxing you the less, like being on a block,

970
00:43:50,480 --> 00:43:52,120
Speaker 4: you know what I'm saying, Like for Shah, I got

971
00:43:52,160 --> 00:43:55,120
Speaker 4: it for seventeen, I got it for seventeen five, right,

972
00:43:55,160 --> 00:43:57,239
Speaker 4: so trap while you charge me for seventeen by well

973
00:43:57,280 --> 00:43:58,000
Speaker 4: mine better.

974
00:43:57,800 --> 00:44:00,520
Speaker 6: You boys paying to it too long?

975
00:44:00,560 --> 00:44:01,680
Speaker 5: A rock up bring back.

976
00:44:01,920 --> 00:44:04,479
Speaker 6: You know what I'm game.

977
00:44:05,800 --> 00:44:07,360
Speaker 4: So you know you want to pay attention to that

978
00:44:07,400 --> 00:44:10,880
Speaker 4: as well, but you can it's definitely you know JM.

979
00:44:10,920 --> 00:44:13,160
Speaker 5: Bullying is one of the ones that I perfectly like.

980
00:44:13,160 --> 00:44:15,080
Speaker 5: They good people. But also you can go to you

981
00:44:15,120 --> 00:44:15,560
Speaker 5: know where.

982
00:44:15,360 --> 00:44:17,759
Speaker 4: People buying these rolexes and all that from, like a

983
00:44:17,760 --> 00:44:20,640
Speaker 4: lot of these places. If it's a real rolex, that's

984
00:44:20,680 --> 00:44:24,200
Speaker 4: not the rolex dealer. They can be certified dealers and

985
00:44:24,239 --> 00:44:25,680
Speaker 4: you can literally go to them and be like, yo,

986
00:44:25,760 --> 00:44:27,000
Speaker 4: I want to buy some gold, and they'll be like,

987
00:44:27,000 --> 00:44:27,680
Speaker 4: all right, cool.

988
00:44:27,520 --> 00:44:29,239
Speaker 6: I got you. You know what I'm saying.

989
00:44:29,239 --> 00:44:31,640
Speaker 5: You can buy pellets of goal, you can buy gold coins.

990
00:44:31,680 --> 00:44:33,920
Speaker 4: But again, now you're looking at One of the things

991
00:44:33,960 --> 00:44:36,120
Speaker 4: you got to ask them is what is your feet?

992
00:44:36,920 --> 00:44:37,520
Speaker 6: You know what I'm saying.

993
00:44:37,560 --> 00:44:39,480
Speaker 4: And then a lot of time you try to sell again,

994
00:44:39,520 --> 00:44:41,799
Speaker 4: it's something to hold, you know what I'm saying. So

995
00:44:42,760 --> 00:44:45,440
Speaker 4: things get real, Like we looked at the if you

996
00:44:45,520 --> 00:44:47,600
Speaker 4: look at us deck clock dot org, you'll see that

997
00:44:47,640 --> 00:44:50,359
Speaker 4: the dollar loses value every day. The companies this world

998
00:44:50,440 --> 00:44:53,759
Speaker 4: is different. Twenty seven trillion dollars in debt and growing, right,

999
00:44:53,800 --> 00:44:55,960
Speaker 4: So we know that the more money they print, the

1000
00:44:56,080 --> 00:44:58,600
Speaker 4: lesson is worth a dollar today. Ain't worth a dollar

1001
00:44:58,600 --> 00:45:00,000
Speaker 4: of them, are? You know what I'm saying.

1002
00:45:00,040 --> 00:45:01,359
Speaker 5: And so that's what the goal is.

1003
00:45:01,400 --> 00:45:03,799
Speaker 4: So as the dollar loses value, the goal actually goes

1004
00:45:03,880 --> 00:45:06,040
Speaker 4: up because people try to find safer places to put

1005
00:45:06,040 --> 00:45:09,000
Speaker 4: their money, especially in volatile markets. Well, you know what

1006
00:45:09,040 --> 00:45:11,279
Speaker 4: I'm saying, things going crazy, and they can't get into

1007
00:45:11,320 --> 00:45:12,759
Speaker 4: bonds because.

1008
00:45:12,440 --> 00:45:13,799
Speaker 5: That's usually the alternative.

1009
00:45:14,400 --> 00:45:14,520
Speaker 6: Right.

1010
00:45:14,560 --> 00:45:16,839
Speaker 4: If stocks become too risky, then big investors say, well,

1011
00:45:16,880 --> 00:45:18,880
Speaker 4: let me get into bonds so they can get.

1012
00:45:18,719 --> 00:45:20,160
Speaker 6: Some type of return on their money.

1013
00:45:20,440 --> 00:45:23,439
Speaker 4: Right, but if bond, if bond interest rates go too low,

1014
00:45:23,880 --> 00:45:25,440
Speaker 4: right now, they're like, okay, I don't want to be

1015
00:45:25,480 --> 00:45:28,399
Speaker 4: in bonds. And then what happens when interest rates go low?

1016
00:45:28,640 --> 00:45:31,000
Speaker 4: Gold goes up. Why because everybody's gonna say, let me

1017
00:45:31,040 --> 00:45:33,640
Speaker 4: get the gold. You feel what I'm saying. So now

1018
00:45:33,640 --> 00:45:38,160
Speaker 4: we start understanding that triangle offense like Phil Jackson, stocks, bonds, goal,

1019
00:45:38,560 --> 00:45:42,000
Speaker 4: But really goal is like that safe haven.

1020
00:45:42,200 --> 00:45:42,759
Speaker 6: You know what I'm saying.

1021
00:45:42,800 --> 00:45:45,120
Speaker 4: It's the safe house, right, It's gonna be there, it's

1022
00:45:45,120 --> 00:45:48,040
Speaker 4: going to perform. But the thing about goal is if

1023
00:45:48,040 --> 00:45:50,680
Speaker 4: the stocks are performing well, then they don't.

1024
00:45:50,480 --> 00:45:52,440
Speaker 6: Need to be in goal. They can go to stocks

1025
00:45:52,680 --> 00:45:54,000
Speaker 6: and get a great return of their money.

1026
00:45:54,120 --> 00:45:56,719
Speaker 4: When stocks get too risky and bonds don't got a

1027
00:45:56,719 --> 00:45:58,719
Speaker 4: good rate, when let me go to gold to go up,

1028
00:45:58,719 --> 00:45:59,520
Speaker 4: you know what I'm saying.

1029
00:46:00,080 --> 00:46:01,560
Speaker 6: So I feel like I'm.

1030
00:46:01,520 --> 00:46:05,120
Speaker 3: Trapping right now. So that's the that's the physical, but

1031
00:46:05,160 --> 00:46:07,480
Speaker 3: then you can buy it like et they go buy

1032
00:46:07,480 --> 00:46:09,839
Speaker 3: a gold stock on the stock market right now.

1033
00:46:10,200 --> 00:46:13,759
Speaker 4: So so now what happens is you won't buy physical

1034
00:46:13,840 --> 00:46:19,160
Speaker 4: goal on the stock market. You will buy gold miners, right,

1035
00:46:19,239 --> 00:46:23,120
Speaker 4: and that's a great place to be because what goal

1036
00:46:23,239 --> 00:46:26,200
Speaker 4: miners are the people who mine goal mining, the goal

1037
00:46:26,640 --> 00:46:29,399
Speaker 4: the companies, the companies, right, So you can buy gold

1038
00:46:29,440 --> 00:46:31,760
Speaker 4: miners and then a lot of gold miners will actually

1039
00:46:31,800 --> 00:46:36,160
Speaker 4: be copper miners as well, because some in a lot

1040
00:46:36,160 --> 00:46:37,840
Speaker 4: of the goal that's what they'll mix it with a

1041
00:46:37,840 --> 00:46:40,000
Speaker 4: little bit, you know what I'm saying. So a lot

1042
00:46:40,040 --> 00:46:43,520
Speaker 4: of gold miners be copper miners, some be silver miners,

1043
00:46:43,520 --> 00:46:44,800
Speaker 4: some be platinum miners.

1044
00:46:44,960 --> 00:46:47,320
Speaker 5: So now you're just looking at that whole aspect.

1045
00:46:47,360 --> 00:46:50,160
Speaker 4: But you can buy goal miners and you can buy

1046
00:46:50,239 --> 00:46:53,319
Speaker 4: goal et s which can actually be a mixture of

1047
00:46:54,080 --> 00:46:59,600
Speaker 4: miners and like the precious metal other precious metals that's

1048
00:46:59,600 --> 00:47:03,360
Speaker 4: inside that one of them is called ounces take a

1049
00:47:03,440 --> 00:47:05,520
Speaker 4: symbol O U n Z, you know what I'm saying,

1050
00:47:05,640 --> 00:47:07,560
Speaker 4: So that's a goal ETF as well.

1051
00:47:07,760 --> 00:47:09,839
Speaker 7: So when We're looking at gold ETFs right, and I'm

1052
00:47:09,840 --> 00:47:14,080
Speaker 7: thinking like things of myself just from a standpoint of like, yo,

1053
00:47:14,160 --> 00:47:16,880
Speaker 7: people are minding the gold who's both righting the shovels

1054
00:47:17,080 --> 00:47:17,920
Speaker 7: form and were looking.

1055
00:47:17,840 --> 00:47:20,040
Speaker 5: Come on you you you talking about tom you know,

1056
00:47:20,120 --> 00:47:21,000
Speaker 5: so you think about that.

1057
00:47:21,040 --> 00:47:23,879
Speaker 4: Like one of the things I said is when that's

1058
00:47:23,880 --> 00:47:26,200
Speaker 4: how most people got rich during the gold Rush, was

1059
00:47:26,280 --> 00:47:28,440
Speaker 4: not the people who was digging for gold. It was

1060
00:47:28,480 --> 00:47:30,920
Speaker 4: the people who sold the shovels. That's who got rich.

1061
00:47:31,000 --> 00:47:32,600
Speaker 4: So that's a great place to be.

1062
00:47:33,000 --> 00:47:33,720
Speaker 6: You know what I'm saying.

1063
00:47:33,800 --> 00:47:36,120
Speaker 3: So yeah, so let me ask you this as far

1064
00:47:36,239 --> 00:47:37,759
Speaker 3: last time we was here, we talked about a little

1065
00:47:37,760 --> 00:47:40,800
Speaker 3: bit touched on how to save for your kid, what

1066
00:47:40,960 --> 00:47:44,880
Speaker 3: can studio accounts playing, things of that nature, But I

1067
00:47:44,880 --> 00:47:47,560
Speaker 3: don't think we went over there like to like in

1068
00:47:47,719 --> 00:47:49,960
Speaker 3: depth with the OMA and the UGMA.

1069
00:47:51,040 --> 00:47:52,399
Speaker 2: Can you talk about that a little bit?

1070
00:47:52,480 --> 00:47:53,040
Speaker 5: Yeah, yea, yeah.

1071
00:47:53,120 --> 00:47:55,480
Speaker 4: So what we did was we talked about, you know,

1072
00:47:55,600 --> 00:47:56,920
Speaker 4: just investing from my daughter.

1073
00:47:56,920 --> 00:47:57,359
Speaker 5: And that was.

1074
00:47:57,320 --> 00:48:05,000
Speaker 4: Real dope because before I actually spoke on that, I

1075
00:48:05,160 --> 00:48:07,879
Speaker 4: never heard nobody talk about it, you know what I'm saying.

1076
00:48:07,960 --> 00:48:10,120
Speaker 4: And so for me, one of the reasons what I

1077
00:48:10,200 --> 00:48:12,120
Speaker 4: did so I was like, what's the difference between it,

1078
00:48:12,160 --> 00:48:13,920
Speaker 4: cause I wanted to do something for my daughter besides

1079
00:48:14,000 --> 00:48:16,200
Speaker 4: just putting money in a bank account. Like if I'm

1080
00:48:16,239 --> 00:48:18,440
Speaker 4: making my money work for me all the time, and

1081
00:48:18,480 --> 00:48:20,239
Speaker 4: I'm saying I'm gonna do this for the long run,

1082
00:48:20,560 --> 00:48:22,960
Speaker 4: then I'm instantly a light went off of my head

1083
00:48:22,960 --> 00:48:25,680
Speaker 4: and was like, if I stole my daughter, now she

1084
00:48:25,760 --> 00:48:26,880
Speaker 4: got way more time than me.

1085
00:48:27,360 --> 00:48:28,560
Speaker 5: I can put a whole bunch.

1086
00:48:28,320 --> 00:48:30,439
Speaker 4: Of young bucks and us you know what I'm saying,

1087
00:48:30,440 --> 00:48:31,799
Speaker 4: custudio account and let it run.

1088
00:48:32,000 --> 00:48:32,960
Speaker 5: So you got two types.

1089
00:48:33,000 --> 00:48:37,319
Speaker 4: You got the ugmy and you got the ut the

1090
00:48:37,440 --> 00:48:38,279
Speaker 4: ug Mud.

1091
00:48:38,080 --> 00:48:38,960
Speaker 6: And the ut muh.

1092
00:48:39,200 --> 00:48:44,120
Speaker 5: So one of them is as.

1093
00:48:42,360 --> 00:48:47,920
Speaker 4: Una unified gifts account, and one of them is a

1094
00:48:47,960 --> 00:48:49,680
Speaker 4: transfer account.

1095
00:48:50,120 --> 00:48:51,520
Speaker 5: Right, So one of them, the.

1096
00:48:51,560 --> 00:48:57,239
Speaker 4: Ut the ut Mud, you can put real estate, you

1097
00:48:57,320 --> 00:49:01,719
Speaker 4: can put gold, you can put with art, you can

1098
00:49:01,760 --> 00:49:07,920
Speaker 4: put intellectual properties and stocks and cash over there. The

1099
00:49:08,080 --> 00:49:13,120
Speaker 4: Ugmah is a gift so you can only put stocks

1100
00:49:13,239 --> 00:49:15,720
Speaker 4: or binds, mutual funds, eats cash.

1101
00:49:16,040 --> 00:49:18,240
Speaker 5: You can't put the real estate and the other stuff

1102
00:49:18,280 --> 00:49:18,560
Speaker 5: in there.

1103
00:49:18,560 --> 00:49:21,239
Speaker 6: So there's a limitation between the two. Yeah yeah, yeah, yeah, yeah.

1104
00:49:21,360 --> 00:49:26,439
Speaker 5: But the dope part about both of them is they're

1105
00:49:26,480 --> 00:49:29,880
Speaker 5: not taxed. The third but there's an advantage.

1106
00:49:29,320 --> 00:49:33,400
Speaker 4: In having them, whereas the first won't see it. Think

1107
00:49:33,400 --> 00:49:37,520
Speaker 4: it's a thousand, one thousand and fifty dollars, it's tax free.

1108
00:49:38,480 --> 00:49:42,279
Speaker 4: Everything from two thousand dollars on up get taxed at

1109
00:49:42,320 --> 00:49:45,880
Speaker 4: a children's rate, which is ten percent, you know what

1110
00:49:45,920 --> 00:49:48,480
Speaker 4: I'm saying. So it's still you know, not you got

1111
00:49:48,480 --> 00:49:50,680
Speaker 4: to pay the taxes, you know what I'm saying on it.

1112
00:49:50,760 --> 00:49:53,560
Speaker 5: But it's still cool because.

1113
00:49:53,400 --> 00:49:56,319
Speaker 4: I think one of the things that our people, our

1114
00:49:56,360 --> 00:49:59,080
Speaker 4: culture have bad and it's again it's not we just

1115
00:49:59,120 --> 00:49:59,759
Speaker 4: got to learn it.

1116
00:50:00,120 --> 00:50:01,480
Speaker 6: We're scared to pay taxes.

1117
00:50:02,200 --> 00:50:04,200
Speaker 4: The first thing somebody be like and I don't won't

1118
00:50:04,280 --> 00:50:08,239
Speaker 4: pay no taxes, when in reality like paying taxing.

1119
00:50:07,960 --> 00:50:10,160
Speaker 5: Me and you're making money, you know what I'm saying.

1120
00:50:10,200 --> 00:50:12,960
Speaker 4: So now you just got to figure out how to

1121
00:50:13,000 --> 00:50:16,040
Speaker 4: decrease the taxes instead of not pay the taxes, you

1122
00:50:16,040 --> 00:50:17,440
Speaker 4: know what I'm saying. So one of the way is

1123
00:50:17,480 --> 00:50:20,040
Speaker 4: you want to decrease taxes on the money you're making. Right,

1124
00:50:20,080 --> 00:50:22,560
Speaker 4: So if you got your child in that UPMA account,

1125
00:50:23,120 --> 00:50:25,560
Speaker 4: right or that you get you're only paying ten percent

1126
00:50:25,640 --> 00:50:27,600
Speaker 4: no matter what it does you're paying ten percent, I'm

1127
00:50:27,680 --> 00:50:28,200
Speaker 4: cool with.

1128
00:50:28,120 --> 00:50:31,440
Speaker 5: That, whereas just regular.

1129
00:50:31,520 --> 00:50:34,280
Speaker 4: Income account that's twenty eight percent, twenty three percent.

1130
00:50:34,400 --> 00:50:35,800
Speaker 6: Like, that's major.

1131
00:50:36,200 --> 00:50:39,200
Speaker 4: So your child now from zero to eighteen or twenty

1132
00:50:39,239 --> 00:50:42,239
Speaker 4: one depending on the state, then paying ten percent and

1133
00:50:42,280 --> 00:50:44,040
Speaker 4: you changing their life, and I'll take that.

1134
00:50:45,440 --> 00:50:46,320
Speaker 2: Yeah, it's powerful.

1135
00:50:46,440 --> 00:50:50,560
Speaker 3: It's powerful, and I think that having a conversation about

1136
00:50:50,600 --> 00:50:53,680
Speaker 3: generational wealth, that's has to be included in there because

1137
00:50:53,680 --> 00:50:56,600
Speaker 3: it's like you have, the first step is investing for yourself.

1138
00:50:56,640 --> 00:50:58,240
Speaker 2: You can't save anybody till you save yourself.

1139
00:50:58,239 --> 00:50:58,800
Speaker 6: That's the fact.

1140
00:50:58,800 --> 00:51:01,000
Speaker 3: But after you say, after you you know, not even

1141
00:51:01,040 --> 00:51:05,880
Speaker 3: save yourself. After you start investing in yourself, now you

1142
00:51:06,040 --> 00:51:08,080
Speaker 3: have to start to invest in your children.

1143
00:51:08,480 --> 00:51:09,879
Speaker 6: That's that's that's what we plug.

1144
00:51:09,960 --> 00:51:11,120
Speaker 5: That's the plug the generation.

1145
00:51:11,320 --> 00:51:12,640
Speaker 6: If you're not doing that, you're selfish.

1146
00:51:13,000 --> 00:51:14,880
Speaker 5: Told us that, man, that's the plug.

1147
00:51:15,680 --> 00:51:18,440
Speaker 4: Like you know, I always said, man, like if I

1148
00:51:18,520 --> 00:51:21,640
Speaker 4: got it out the mud, and I watched my mama

1149
00:51:21,680 --> 00:51:24,120
Speaker 4: get it out the mud, and I watched my grandmother

1150
00:51:24,160 --> 00:51:26,360
Speaker 4: get it out the mud, and I watch everybody around

1151
00:51:26,360 --> 00:51:29,279
Speaker 4: me get out the mud while they let my child

1152
00:51:29,320 --> 00:51:30,080
Speaker 4: get it out the mud.

1153
00:51:31,000 --> 00:51:33,279
Speaker 5: At some point I gotta say, I won't change this, yo.

1154
00:51:34,400 --> 00:51:38,520
Speaker 4: I gotta say, Man, it's different, and I feel like we,

1155
00:51:38,920 --> 00:51:41,240
Speaker 4: you know, we get so caught up in I'm living

1156
00:51:41,239 --> 00:51:43,959
Speaker 4: my best life to what we were trying to enjoy

1157
00:51:44,080 --> 00:51:45,880
Speaker 4: life so much to what you forget about. They got

1158
00:51:46,000 --> 00:51:48,440
Speaker 4: generations that kind of come behind us, you know what

1159
00:51:48,480 --> 00:51:50,280
Speaker 4: I'm saying. So for me, it's a lot of stuff

1160
00:51:50,320 --> 00:51:53,480
Speaker 4: I don't do until I know for sure I've at

1161
00:51:53,560 --> 00:51:57,799
Speaker 4: least secured two generations, you know what I'm saying. And

1162
00:51:57,840 --> 00:52:03,920
Speaker 4: that comes with one educating my daughter, because even if

1163
00:52:03,960 --> 00:52:07,040
Speaker 4: I give her a million dollars, if I ain't educated

1164
00:52:07,200 --> 00:52:10,040
Speaker 4: on what to do with a million dollars, I've now

1165
00:52:10,160 --> 00:52:11,360
Speaker 4: wasted a million dollars.

1166
00:52:12,120 --> 00:52:13,200
Speaker 5: It's a saying that if.

1167
00:52:13,040 --> 00:52:16,600
Speaker 4: You took all the wealth in the world and divided

1168
00:52:16,600 --> 00:52:20,799
Speaker 4: it equally, within ten to fifteen years, the wealthy people

1169
00:52:20,800 --> 00:52:23,640
Speaker 4: will be back in charge because.

1170
00:52:23,400 --> 00:52:24,319
Speaker 6: They know what to do.

1171
00:52:25,800 --> 00:52:27,640
Speaker 5: We get a million dollars and we don't know what

1172
00:52:27,680 --> 00:52:28,239
Speaker 5: to do with it.

1173
00:52:29,520 --> 00:52:32,200
Speaker 4: We back into the famous court I said in the beginning,

1174
00:52:33,200 --> 00:52:37,640
Speaker 4: lions don't tell the gazelles and the zebras how to

1175
00:52:37,680 --> 00:52:41,480
Speaker 4: get away. Why Because now I'm taking food out of

1176
00:52:41,520 --> 00:52:44,480
Speaker 4: my mouth. So as long as I don't tell you

1177
00:52:44,520 --> 00:52:46,759
Speaker 4: how to get away, You're gonna always come back. But

1178
00:52:46,800 --> 00:52:49,759
Speaker 4: if I tell you how to get away, now you're

1179
00:52:49,760 --> 00:52:51,560
Speaker 4: gonna go tell the zebra. Look, it's how to get

1180
00:52:51,560 --> 00:52:53,799
Speaker 4: away from the line, and a zebra gonna go tell

1181
00:52:53,840 --> 00:52:55,080
Speaker 4: the giraffe and the gazelle.

1182
00:52:55,239 --> 00:52:56,200
Speaker 5: Now nobody came.

1183
00:52:56,440 --> 00:52:59,600
Speaker 4: I ain't got no tricks something my sleeve, Whereas if

1184
00:52:59,600 --> 00:53:01,120
Speaker 4: I don't, I don't nobody and not just keep it

1185
00:53:01,120 --> 00:53:04,520
Speaker 4: amongst my people, and we gonna always eat. So I

1186
00:53:04,560 --> 00:53:06,480
Speaker 4: ain't mad at them for not giving us the game.

1187
00:53:06,800 --> 00:53:09,200
Speaker 4: I ain't around here saying, man, they should teach us

1188
00:53:09,200 --> 00:53:12,000
Speaker 4: this in school. No, what I'm gonna do is I'm

1189
00:53:12,000 --> 00:53:14,879
Speaker 4: gonna get the knowledge, right, I'm gonna seek it. I'm

1190
00:53:14,880 --> 00:53:16,879
Speaker 4: gonna go get I'm gonna flip every rock. I'm gonna

1191
00:53:16,920 --> 00:53:19,920
Speaker 4: kick in every day, right, and once I get it,

1192
00:53:20,400 --> 00:53:23,000
Speaker 4: I'm gonna go back and regurgitate it to my daughter

1193
00:53:23,280 --> 00:53:25,920
Speaker 4: at the age of two. What's the stock? What's an asset?

1194
00:53:26,000 --> 00:53:27,920
Speaker 4: What's the liability? Does it make you money?

1195
00:53:28,120 --> 00:53:29,360
Speaker 6: You know? What's real estate?

1196
00:53:30,040 --> 00:53:32,960
Speaker 4: At an early age, I'm having this conversation. So now

1197
00:53:33,080 --> 00:53:35,680
Speaker 4: I'm teaching her a word to date like she's not

1198
00:53:35,719 --> 00:53:37,680
Speaker 4: still when I'm gonna see that then like a word,

1199
00:53:37,719 --> 00:53:39,680
Speaker 4: I'm teaching her two three words a day about just

1200
00:53:39,719 --> 00:53:42,080
Speaker 4: financial literacy. Like the school can do what the school

1201
00:53:42,080 --> 00:53:43,320
Speaker 4: is supposed to do. We're gonna do some of that

1202
00:53:43,360 --> 00:53:46,600
Speaker 4: homework too. But this financial literacy, this was gonna save you.

1203
00:53:46,600 --> 00:53:48,040
Speaker 4: You know what I'm saying. Let me show this was

1204
00:53:48,040 --> 00:53:49,880
Speaker 4: gonna save you family, you know what I'm saying. So

1205
00:53:49,920 --> 00:53:52,720
Speaker 4: I'm teaching her that. So now I've did two things.

1206
00:53:53,040 --> 00:53:55,319
Speaker 4: I've showed her how to make a million through investing it,

1207
00:53:55,680 --> 00:54:00,000
Speaker 4: and I've taught her how to nurture a million with knowledge,

1208
00:54:00,120 --> 00:54:02,360
Speaker 4: because information is defertilizer to your wealth.

1209
00:54:02,360 --> 00:54:02,560
Speaker 6: Man.

1210
00:54:02,680 --> 00:54:05,680
Speaker 5: That's how we say generations with knowledge passing all the money.

1211
00:54:05,680 --> 00:54:05,960
Speaker 6: You won't.

1212
00:54:06,000 --> 00:54:07,960
Speaker 5: Man, if you don't pass no knowledge, you killed them.

1213
00:54:09,360 --> 00:54:10,320
Speaker 2: No, it's a true fact.

1214
00:54:10,360 --> 00:54:13,000
Speaker 3: And it was like, you know, bringing it full circle,

1215
00:54:13,200 --> 00:54:15,240
Speaker 3: you know, bigger than just like I said, just bigger

1216
00:54:15,239 --> 00:54:17,640
Speaker 3: than just a podcast when you reached out to me

1217
00:54:17,719 --> 00:54:20,560
Speaker 3: like we need to really do something to change the world.

1218
00:54:20,680 --> 00:54:22,799
Speaker 3: I hate the word culture because it just gets watered

1219
00:54:22,880 --> 00:54:23,520
Speaker 3: down so much.

1220
00:54:24,120 --> 00:54:24,719
Speaker 2: You know what I'm saying.

1221
00:54:26,800 --> 00:54:28,280
Speaker 5: Yeah, it's like that's a fact.

1222
00:54:28,560 --> 00:54:29,160
Speaker 2: That's a fact.

1223
00:54:29,280 --> 00:54:30,600
Speaker 6: I appreciate you for putting me on.

1224
00:54:31,680 --> 00:54:32,920
Speaker 3: But it was like, you know what I'm saying, let's

1225
00:54:33,000 --> 00:54:36,000
Speaker 3: change the world and the problem. You know, I never

1226
00:54:36,120 --> 00:54:40,160
Speaker 3: understood like until recently, shot to MG the mortgage guy

1227
00:54:40,320 --> 00:54:43,400
Speaker 3: shut out. He he enlightened me on a lot of

1228
00:54:43,400 --> 00:54:46,960
Speaker 3: different things, like you can only put so much information

1229
00:54:47,200 --> 00:54:49,680
Speaker 3: in a podcast. It's just a fact. This is why

1230
00:54:49,880 --> 00:54:52,560
Speaker 3: education is still important. I'm not anti college like people

1231
00:54:52,600 --> 00:54:55,200
Speaker 3: think I'm anti college because I always talk bad about college.

1232
00:54:55,360 --> 00:54:57,080
Speaker 6: I'm not about college all the time.

1233
00:54:57,200 --> 00:54:58,520
Speaker 3: I just feel like a lot of it's just the way,

1234
00:54:58,600 --> 00:55:01,280
Speaker 3: not even college so much, but he education period, education.

1235
00:55:02,000 --> 00:55:02,200
Speaker 7: I'm not.

1236
00:55:03,080 --> 00:55:05,880
Speaker 3: I'm not anti college. I have a college degree, but

1237
00:55:05,920 --> 00:55:06,920
Speaker 3: I just feel.

1238
00:55:06,640 --> 00:55:09,359
Speaker 6: That that say that again.

1239
00:55:09,440 --> 00:55:11,640
Speaker 2: Man, know everybody know I have a college I'm saying

1240
00:55:11,640 --> 00:55:12,319
Speaker 2: like I didn't know that.

1241
00:55:12,360 --> 00:55:15,000
Speaker 6: Bro, Yeah I have people people you know.

1242
00:55:15,080 --> 00:55:16,600
Speaker 2: I went to Hawaii play basketball.

1243
00:55:16,800 --> 00:55:17,319
Speaker 6: I forgot you.

1244
00:55:18,000 --> 00:55:20,800
Speaker 5: I thought you was like on something.

1245
00:55:21,520 --> 00:55:24,160
Speaker 7: People got that misusception. Even like today they was just like, yo,

1246
00:55:25,400 --> 00:55:25,759
Speaker 7: you know that.

1247
00:55:25,800 --> 00:55:27,680
Speaker 6: I I'm like you went to school to like we

1248
00:55:27,800 --> 00:55:31,800
Speaker 6: both had education as a background for us foundation.

1249
00:55:31,960 --> 00:55:33,000
Speaker 2: I finished in three years.

1250
00:55:33,440 --> 00:55:33,600
Speaker 6: Bro.

1251
00:55:33,719 --> 00:55:38,400
Speaker 5: I keep telling y'all listen, I'm not a financial.

1252
00:55:39,760 --> 00:55:43,360
Speaker 6: He could take you the glory Man graduated.

1253
00:55:42,840 --> 00:55:45,000
Speaker 2: But with Mickey Fact. Shout out to Mickey Fast is

1254
00:55:45,000 --> 00:55:47,279
Speaker 2: one of my favorite bar.

1255
00:55:47,560 --> 00:55:48,560
Speaker 6: Yeah, that's hard.

1256
00:55:48,680 --> 00:55:50,360
Speaker 3: When he came on and he spent the freestyle for

1257
00:55:50,440 --> 00:55:53,920
Speaker 3: us and he said, formal education will get you a portion,

1258
00:55:54,040 --> 00:55:57,239
Speaker 3: but self education will make you a fortune. And that's

1259
00:55:57,320 --> 00:55:59,480
Speaker 3: my life. Like, if I had to rely on my

1260
00:55:59,560 --> 00:56:02,440
Speaker 3: college to read right now, be in trouble. Just honestly speaking,

1261
00:56:02,719 --> 00:56:05,359
Speaker 3: I'll be in trouble. So it's the things that I

1262
00:56:05,440 --> 00:56:09,600
Speaker 3: learned outside of college, including earn at Lisia. Like just

1263
00:56:09,640 --> 00:56:11,600
Speaker 3: in the last twelve and eighteen months, Like you know

1264
00:56:11,640 --> 00:56:15,279
Speaker 3: what I'm saying, that has literally literally changed the trajectory

1265
00:56:15,320 --> 00:56:17,960
Speaker 3: of my not only my life, my son's life and

1266
00:56:18,000 --> 00:56:21,480
Speaker 3: God willing his children's lives. Like you know what I'm saying,

1267
00:56:21,520 --> 00:56:25,080
Speaker 3: Like it literally has changed. You see people would have

1268
00:56:25,120 --> 00:56:29,040
Speaker 3: it's not a facade. If you follow all of us

1269
00:56:29,120 --> 00:56:32,400
Speaker 3: on Instagram, you see the growth that's a fact only

1270
00:56:32,440 --> 00:56:35,000
Speaker 3: through education. So it's like when you came to me

1271
00:56:35,080 --> 00:56:37,799
Speaker 3: and you was like, yo, bro, let's do something. We're

1272
00:56:37,840 --> 00:56:39,520
Speaker 3: going back and forth. I'm like, let's do a podcast.

1273
00:56:39,520 --> 00:56:41,239
Speaker 3: You're going through a podcast, right, You're going to do

1274
00:56:41,280 --> 00:56:45,040
Speaker 3: any I think the hard part when people get into

1275
00:56:45,080 --> 00:56:48,000
Speaker 3: podcast is that you hear information, it becomes overload, and

1276
00:56:48,000 --> 00:56:50,640
Speaker 3: some people are going to act on it, but unfortunately

1277
00:56:50,640 --> 00:56:53,920
Speaker 3: a lot of people, it's just it's just not enough,

1278
00:56:54,000 --> 00:56:55,799
Speaker 3: like you kind of need. And that's the good thing

1279
00:56:55,840 --> 00:56:58,480
Speaker 3: about school is like you need that certain level of

1280
00:56:58,520 --> 00:57:01,080
Speaker 3: like a tutor to like walk you through it, and

1281
00:57:01,280 --> 00:57:04,120
Speaker 3: here's a screen share on the website and show you

1282
00:57:04,480 --> 00:57:07,759
Speaker 3: and like how to open an account and like what

1283
00:57:08,080 --> 00:57:11,759
Speaker 3: stock to like sometimes you got to hold the person's hand. Unfortunately,

1284
00:57:11,800 --> 00:57:14,399
Speaker 3: in one hour even two hours, it's just not enough

1285
00:57:14,400 --> 00:57:16,160
Speaker 3: time to do that. So we're like, how do we

1286
00:57:16,200 --> 00:57:17,800
Speaker 3: do this? So he was going back and forth and

1287
00:57:18,440 --> 00:57:20,320
Speaker 3: this is the first time ever Early leads the history

1288
00:57:20,320 --> 00:57:23,160
Speaker 3: where we actually collaborated with somebody and put together I

1289
00:57:23,160 --> 00:57:25,080
Speaker 3: don't even want to call it a curriculum. I don't

1290
00:57:25,080 --> 00:57:28,000
Speaker 3: want to call it a program. It's really a manual. Yeah,

1291
00:57:28,880 --> 00:57:32,800
Speaker 3: we put together a manual for generational wealth called the

1292
00:57:32,840 --> 00:57:36,880
Speaker 3: Family Pack, and it was just like the idea was

1293
00:57:36,920 --> 00:57:40,120
Speaker 3: just crazy, and it's like you was like, yo, I

1294
00:57:40,160 --> 00:57:44,440
Speaker 3: need you on it too, like as an advice, I

1295
00:57:44,560 --> 00:57:46,160
Speaker 3: need you on it. So I'm like, all right, So

1296
00:57:47,320 --> 00:57:50,600
Speaker 3: we talk about dividends. You talk about reach, you'd give

1297
00:57:50,640 --> 00:57:55,200
Speaker 3: them like five growth stocks to pick mutual funds. I

1298
00:57:55,200 --> 00:57:56,920
Speaker 3: break down a mutual fund play because a lot of

1299
00:57:56,960 --> 00:57:59,520
Speaker 3: times people have the wrong misconceptions about mutual funds. But

1300
00:57:59,840 --> 00:58:01,640
Speaker 3: you can actually make a lot of money on the

1301
00:58:01,720 --> 00:58:04,320
Speaker 3: right mutual funds. Sometimes you don't even have to pay

1302
00:58:04,960 --> 00:58:06,640
Speaker 3: the knock on mutual funds that you pay a lot

1303
00:58:06,680 --> 00:58:08,320
Speaker 3: of money, but sometimes you don't have to pay that.

1304
00:58:08,920 --> 00:58:10,760
Speaker 3: If you know what you're doing, you get no load fund.

1305
00:58:10,800 --> 00:58:12,600
Speaker 3: And there's things that nation and we want you broke

1306
00:58:12,640 --> 00:58:14,640
Speaker 3: that down. Broke down index fund, broke down five to

1307
00:58:14,640 --> 00:58:18,280
Speaker 3: twenty nine plans, Please our plans is crazy because it's

1308
00:58:18,320 --> 00:58:20,400
Speaker 3: like boke about five to twenty nine plans. But it's like,

1309
00:58:21,360 --> 00:58:23,440
Speaker 3: you know, there's like thirty something states where you can

1310
00:58:23,440 --> 00:58:26,600
Speaker 3: actually get a tax benefit, but then there's like six states.

1311
00:58:26,640 --> 00:58:29,040
Speaker 3: But those thirty states, you have to actually live in

1312
00:58:29,040 --> 00:58:31,320
Speaker 3: that state, and the five to twenty nine plan has

1313
00:58:31,360 --> 00:58:33,080
Speaker 3: to be in that state. But then it's like six

1314
00:58:33,120 --> 00:58:36,120
Speaker 3: states where you can actually invest in anybody's state five

1315
00:58:36,160 --> 00:58:38,120
Speaker 3: to twenty nine plan and you can still get a

1316
00:58:38,160 --> 00:58:41,400
Speaker 3: tax break. So it's just like it's just always so

1317
00:58:41,480 --> 00:58:44,120
Speaker 3: many different levels of onions to peel back, and then

1318
00:58:44,160 --> 00:58:46,880
Speaker 3: we went over to trust, Yes, and we broke that.

1319
00:58:46,960 --> 00:58:49,240
Speaker 3: It's the first time ever I broke down life insurance

1320
00:58:49,240 --> 00:58:53,080
Speaker 3: and actually like showed somebody like how I look at

1321
00:58:53,120 --> 00:58:55,640
Speaker 3: it as an advisor, like the access that I'm privy to,

1322
00:58:56,640 --> 00:58:58,960
Speaker 3: which is like you don't have that as a regular person, like,

1323
00:58:59,000 --> 00:58:59,960
Speaker 3: and I kind of like went.

1324
00:58:59,840 --> 00:59:02,240
Speaker 5: Through that, and I broke down the Dynasty trust.

1325
00:59:02,040 --> 00:59:09,640
Speaker 3: And Dynasty trusting to keep going.

1326
00:59:09,680 --> 00:59:10,600
Speaker 2: It was the whole thing. Man.

1327
00:59:10,640 --> 00:59:14,360
Speaker 3: It was like we actually gave the formula and different

1328
00:59:15,000 --> 00:59:18,160
Speaker 3: how to make your child a millionaire, guarantee the investments,

1329
00:59:18,160 --> 00:59:20,280
Speaker 3: and it was like that alone took like a half

1330
00:59:20,320 --> 00:59:22,520
Speaker 3: an hour to actually explain. It's like it's like a

1331
00:59:22,560 --> 00:59:26,400
Speaker 3: whole thing, but it's just something like I said, it's

1332
00:59:26,440 --> 00:59:29,120
Speaker 3: like if we put that like we would have to

1333
00:59:29,160 --> 00:59:31,600
Speaker 3: literally through ten podcasts.

1334
00:59:31,120 --> 00:59:33,160
Speaker 6: And you still might miss something whole season.

1335
00:59:33,240 --> 00:59:35,360
Speaker 3: And I'm saying that nobody's really gonna sit for ten

1336
00:59:35,440 --> 00:59:38,479
Speaker 3: podcasts that have to be like his own Wall Street

1337
00:59:38,480 --> 00:59:39,560
Speaker 3: Trapper or your Lisha show.

1338
00:59:41,200 --> 00:59:45,439
Speaker 2: So talk about talk about talk about the family pack.

1339
00:59:46,160 --> 00:59:48,200
Speaker 4: So for me, you know, the reason why I really

1340
00:59:48,240 --> 00:59:50,800
Speaker 4: came you with the idea is, you know, this last year.

1341
00:59:50,840 --> 00:59:52,600
Speaker 6: It was a lot of growth for me.

1342
00:59:53,040 --> 00:59:56,080
Speaker 4: And I realized that, yo, like I can talk about

1343
00:59:56,120 --> 01:00:01,080
Speaker 4: a lot of stuff because it's as you as you

1344
01:00:01,200 --> 01:00:04,680
Speaker 4: start learning more knowledge, you start seeking more knowledge, right,

1345
01:00:04,720 --> 01:00:08,240
Speaker 4: And I realized how knowledgeable you were, and we was

1346
01:00:08,280 --> 01:00:10,800
Speaker 4: having dual conversations. So for me, it was like, bro,

1347
01:00:10,960 --> 01:00:15,040
Speaker 4: like like we can change something, but we're gonna have to.

1348
01:00:15,040 --> 01:00:15,600
Speaker 6: Walk them through.

1349
01:00:15,600 --> 01:00:19,400
Speaker 3: It was like we gotta, we gotta have to because

1350
01:00:19,400 --> 01:00:21,640
Speaker 3: you like, Yo, they still not getting it, Like they're

1351
01:00:21,640 --> 01:00:23,640
Speaker 3: still not getting it, and like people come up to.

1352
01:00:23,600 --> 01:00:25,360
Speaker 2: Me but still don't get it.

1353
01:00:25,400 --> 01:00:29,000
Speaker 3: Bro, Like we literally have to walk there, hold their

1354
01:00:29,040 --> 01:00:30,440
Speaker 3: hands and walk them through this.

1355
01:00:30,600 --> 01:00:31,320
Speaker 5: And that's okay.

1356
01:00:31,480 --> 01:00:32,040
Speaker 2: Now it's okay.

1357
01:00:32,320 --> 01:00:33,720
Speaker 5: And the reason why it's okay.

1358
01:00:33,920 --> 01:00:37,440
Speaker 4: And I see people get frustrated all the time, Like

1359
01:00:37,520 --> 01:00:40,160
Speaker 4: I see people on Instagram saying stuff like I.

1360
01:00:40,120 --> 01:00:41,640
Speaker 5: Told you this, why are you doing it?

1361
01:00:41,720 --> 01:00:44,680
Speaker 4: I'm like, Yo, you're an educator, like everybody sitting in

1362
01:00:44,680 --> 01:00:45,880
Speaker 4: the class learn different.

1363
01:00:46,320 --> 01:00:48,280
Speaker 5: You know what I'm saying. So I was like, we

1364
01:00:48,440 --> 01:00:49,640
Speaker 5: gotta walk them through it.

1365
01:00:49,920 --> 01:00:52,960
Speaker 4: One is because you don't know what you don't know

1366
01:00:53,520 --> 01:00:55,439
Speaker 4: until you exposed to it.

1367
01:00:55,680 --> 01:00:55,840
Speaker 6: Right.

1368
01:00:56,000 --> 01:00:59,240
Speaker 4: I remember my first time cooking up, bro, I burned it,

1369
01:01:00,120 --> 01:01:03,520
Speaker 4: the water turned brown. I had to call my at

1370
01:01:03,600 --> 01:01:06,760
Speaker 4: and she had to like show me what I was doing.

1371
01:01:07,320 --> 01:01:08,960
Speaker 4: But she played me because she took a lot of

1372
01:01:09,120 --> 01:01:11,560
Speaker 4: you know, she she took the.

1373
01:01:11,560 --> 01:01:12,440
Speaker 6: Shake out of it.

1374
01:01:13,400 --> 01:01:17,840
Speaker 4: She charged me for it, and she played me. And

1375
01:01:17,880 --> 01:01:19,680
Speaker 4: by the time I got what she left me with,

1376
01:01:19,800 --> 01:01:22,480
Speaker 4: it was just enough to get another package. But because

1377
01:01:22,480 --> 01:01:24,600
Speaker 4: she walked me through it, I ain't need none more.

1378
01:01:25,080 --> 01:01:27,040
Speaker 4: So I was a l I took, but it was

1379
01:01:27,080 --> 01:01:29,200
Speaker 4: a learning lesson, you feel what I'm saying.

1380
01:01:29,360 --> 01:01:35,400
Speaker 5: So for me, I feel like over the last year, we've.

1381
01:01:35,200 --> 01:01:39,520
Speaker 4: Made financial literacy, investing in the stock market and all

1382
01:01:39,560 --> 01:01:44,480
Speaker 4: the great breakdowns that y'all do every Tuesday and every Monday,

1383
01:01:45,120 --> 01:01:49,520
Speaker 4: we've now piqued people's interests. People understand now, especially with

1384
01:01:49,640 --> 01:01:52,640
Speaker 4: this pandemic. They're like, yo, I gotta do something else,

1385
01:01:53,240 --> 01:01:54,880
Speaker 4: and they want to do it.

1386
01:01:55,160 --> 01:01:56,120
Speaker 5: That's the great thing.

1387
01:01:56,200 --> 01:01:59,320
Speaker 4: We've now made, it say, because I remember me coming

1388
01:01:59,360 --> 01:02:01,400
Speaker 4: up telling y'all. I'm telling my partners about it and

1389
01:02:01,400 --> 01:02:04,280
Speaker 4: they're like, I'm not doing that, bro, you tripping right,

1390
01:02:04,320 --> 01:02:05,479
Speaker 4: And here we are a year later.

1391
01:02:05,640 --> 01:02:07,520
Speaker 5: My partner is now like, bro, I just.

1392
01:02:07,440 --> 01:02:08,280
Speaker 6: Bought some apple.

1393
01:02:08,440 --> 01:02:11,080
Speaker 4: And people don't know, like, trap, you chained my life

1394
01:02:11,080 --> 01:02:14,160
Speaker 4: because this wite the common chasing change because we've been

1395
01:02:14,240 --> 01:02:19,160
Speaker 4: beating it, like we ain't stopping Market Monday Trapping Toody podcast,

1396
01:02:19,800 --> 01:02:22,000
Speaker 4: Market Monday Trapping Toody podcast.

1397
01:02:22,080 --> 01:02:23,080
Speaker 6: This we consistent.

1398
01:02:23,160 --> 01:02:25,960
Speaker 4: So now it's like we've peaked the interest and now

1399
01:02:26,080 --> 01:02:28,120
Speaker 4: people are like, all right, I want to do it,

1400
01:02:28,160 --> 01:02:29,640
Speaker 4: but I don't know what to do. All right, Cool,

1401
01:02:29,840 --> 01:02:32,240
Speaker 4: That's what this wealth pack is about. It's about saying, Okay,

1402
01:02:33,880 --> 01:02:36,480
Speaker 4: I made the mistakes for you.

1403
01:02:37,040 --> 01:02:39,200
Speaker 2: Hopefully, hopefully you don't have to do that.

1404
01:02:39,320 --> 01:02:41,400
Speaker 4: Butha'm gonna make sure you ain't gonna do it. See,

1405
01:02:41,440 --> 01:02:43,280
Speaker 4: if I just tell it to you, you're still liable

1406
01:02:43,280 --> 01:02:46,400
Speaker 4: to make the mistakes because you're trying to replay what

1407
01:02:46,440 --> 01:02:49,760
Speaker 4: I said, and it's gonna you know, you ain't really

1408
01:02:49,840 --> 01:02:52,480
Speaker 4: getting it. I can tell you watch out for that whole,

1409
01:02:52,760 --> 01:02:54,600
Speaker 4: but it's so many other things going on.

1410
01:02:54,880 --> 01:02:55,960
Speaker 5: You still fall in the whole.

1411
01:02:56,280 --> 01:02:58,080
Speaker 4: But now if I grab your hand and say look,

1412
01:02:58,120 --> 01:03:00,560
Speaker 4: we're gonna step over this whole, and I got your hand,

1413
01:03:00,840 --> 01:03:03,360
Speaker 4: You're like, okay, let me step over the whole. Right,

1414
01:03:03,400 --> 01:03:05,480
Speaker 4: So it's important. It was important for me to say,

1415
01:03:05,840 --> 01:03:10,240
Speaker 4: let's shift gives. Let's not just tell them, let's lead them.

1416
01:03:10,280 --> 01:03:13,680
Speaker 7: And what makes it so impressive is that you know,

1417
01:03:13,720 --> 01:03:16,680
Speaker 7: most times people, you know, they take programs, they take

1418
01:03:16,720 --> 01:03:17,960
Speaker 7: cause it's really about themselves.

1419
01:03:18,680 --> 01:03:19,160
Speaker 6: But this ain't.

1420
01:03:19,240 --> 01:03:21,680
Speaker 7: This is about you, but it's about your family. And like,

1421
01:03:21,720 --> 01:03:24,080
Speaker 7: who doesn't want to set up that family lug?

1422
01:03:24,200 --> 01:03:25,360
Speaker 6: You know what I'm saying? Who doesn't want to be

1423
01:03:25,400 --> 01:03:28,440
Speaker 6: the plug to create generational themselves.

1424
01:03:28,440 --> 01:03:31,400
Speaker 3: It's the most selfless act you can give. So I mean,

1425
01:03:31,600 --> 01:03:33,880
Speaker 3: it's not even no more than we can actually even

1426
01:03:33,880 --> 01:03:35,440
Speaker 3: say about it. I just feel like it's just a

1427
01:03:35,480 --> 01:03:37,400
Speaker 3: really proud thing that we're proud of it. That's the

1428
01:03:37,480 --> 01:03:41,040
Speaker 3: partner with you as our first product that we actually

1429
01:03:41,080 --> 01:03:44,520
Speaker 3: are part of that who magically, you know, performed on

1430
01:03:45,520 --> 01:03:53,880
Speaker 3: a artist. I feel like an artist directed. It's purple taste,

1431
01:03:54,760 --> 01:03:57,600
Speaker 3: like ghost Face on the Purple tape. So you don't

1432
01:03:57,680 --> 01:03:58,520
Speaker 3: let Mad say that.

1433
01:03:58,600 --> 01:04:01,960
Speaker 4: I'm gonna say you the rith don't hear you say

1434
01:04:02,000 --> 01:04:03,840
Speaker 4: that ghost Faseline because he's capped down.

1435
01:04:03,840 --> 01:04:06,440
Speaker 6: He said, I'm still trying to figure out how you

1436
01:04:06,480 --> 01:04:09,680
Speaker 6: came up with I don't even know. That's another story, earners,

1437
01:04:09,720 --> 01:04:10,280
Speaker 6: what's going on?

1438
01:04:10,400 --> 01:04:13,000
Speaker 7: Look, we all know that Building generational wealth is the

1439
01:04:13,120 --> 01:04:16,680
Speaker 7: key to securing your family's financial future, and the first

1440
01:04:16,680 --> 01:04:17,880
Speaker 7: step can be the toughest.

1441
01:04:17,880 --> 01:04:18,960
Speaker 5: So we're gonna help you out.

1442
01:04:18,960 --> 01:04:20,920
Speaker 6: We're gonna do something very very special.

1443
01:04:21,360 --> 01:04:24,600
Speaker 7: Right now, We're offering the family pack, the Plug the

1444
01:04:24,680 --> 01:04:28,920
Speaker 7: generational Wealth for eighty five percent off. That's right, eighty

1445
01:04:29,000 --> 01:04:31,160
Speaker 7: five percent off. All you have to do is head

1446
01:04:31,160 --> 01:04:34,400
Speaker 7: over to Trapping with eyl dot com right now and

1447
01:04:34,440 --> 01:04:36,600
Speaker 7: get eighty five percent off.

1448
01:04:36,640 --> 01:04:38,240
Speaker 6: This is a limited time offer.

1449
01:04:38,560 --> 01:04:43,280
Speaker 7: The course includes information on custodio accounts, five twenty nine plans, trust,

1450
01:04:43,600 --> 01:04:47,160
Speaker 7: precious metals, life insurance, and so so much more. Look,

1451
01:04:47,400 --> 01:04:50,520
Speaker 7: it's a step by step booklet for you to get

1452
01:04:50,720 --> 01:04:55,160
Speaker 7: your family's financial future on track. Don't wait, don't hesitate,

1453
01:04:55,360 --> 01:04:58,720
Speaker 7: Head over to trapping with ey L dot com right now,

1454
01:04:59,080 --> 01:05:01,920
Speaker 7: get your eighty five percent off and start your journey.

1455
01:05:02,640 --> 01:05:06,280
Speaker 8: An illegal alien from Guatemala charged with raping a child

1456
01:05:06,360 --> 01:05:10,160
Speaker 8: in Massachusetts. An MS thirteen gang member from Al Salvador

1457
01:05:10,400 --> 01:05:14,520
Speaker 8: accused of murdering a Texas man of Venezuelan charged with

1458
01:05:14,600 --> 01:05:18,480
Speaker 8: filming and selling child pornography in Michigan. These are just

1459
01:05:18,600 --> 01:05:22,360
Speaker 8: some of the heinous migrant criminals caught because of President

1460
01:05:22,400 --> 01:05:25,919
Speaker 8: Donald J. Trump's leadership. I'm Christy Noman, the United States

1461
01:05:26,000 --> 01:05:30,800
Speaker 8: Secretary of Homeland Security. Under President Trump, attempted illegal border

1462
01:05:30,800 --> 01:05:34,360
Speaker 8: crossings are at the lowest levels ever recorded, and over

1463
01:05:34,440 --> 01:05:37,640
Speaker 8: one hundred thousand illegal aliens have been arrested. If you

1464
01:05:37,720 --> 01:05:41,560
Speaker 8: are here illegally, your next you will be fined nearly

1465
01:05:41,640 --> 01:05:45,680
Speaker 8: one thousand dollars a day, imprisoned, and deported. You will

1466
01:05:45,720 --> 01:05:49,360
Speaker 8: never return. But if you register using our CBP home

1467
01:05:49,400 --> 01:05:52,760
Speaker 8: app and leave now, you could be allowed to return legally.

1468
01:05:53,120 --> 01:05:57,920
Speaker 8: Do what's right. Leave now. Under President Trump, America's laws,

1469
01:05:58,040 --> 01:06:00,480
Speaker 8: border and families will be protected.

1470
01:06:00,640 --> 01:06:02,720
Speaker 6: Sponsored by the United States Department of Homeland Security,