1 00:00:00,160 --> 00:00:01,200 Speaker 1: Big Bang. 2 00:00:03,279 --> 00:00:03,960 Speaker 2: You don't be on nothing. 3 00:00:04,000 --> 00:00:06,960 Speaker 3: I'll be on okay, So let me ask you bring 4 00:00:07,000 --> 00:00:12,680 Speaker 3: you Big Facts. Visit the new website today, Big factspod 5 00:00:12,880 --> 00:00:13,520 Speaker 3: dot com. 6 00:00:13,840 --> 00:00:15,680 Speaker 4: On the count of three, say A three C one 7 00:00:15,720 --> 00:00:20,079 Speaker 4: two three, without further ado, I want to bring two 8 00:00:20,079 --> 00:00:24,520 Speaker 4: of the biggest, most impactful podcasts. 9 00:00:23,800 --> 00:00:24,480 Speaker 2: In the world. 10 00:00:25,120 --> 00:00:27,040 Speaker 4: I don't know if you just saw my recent clip 11 00:00:27,520 --> 00:00:30,680 Speaker 4: on Big Facts, but whoever didn't like it, fuck you, 12 00:00:32,880 --> 00:00:35,320 Speaker 4: But most of you did, thank God. And I don't 13 00:00:35,320 --> 00:00:38,000 Speaker 4: know if you saw my other interview or Earn Your Lisia, 14 00:00:39,000 --> 00:00:41,000 Speaker 4: but it was a motherfucker and we're gonna tell the 15 00:00:41,040 --> 00:00:45,400 Speaker 4: truth because these two podcasts live and stand on the truth. 16 00:00:45,440 --> 00:00:49,040 Speaker 4: Without further ado, put your hands together for Rashad Balaud, 17 00:00:49,560 --> 00:00:56,480 Speaker 4: Troy Millings, Big Bank, Baby Je and DJ Scream Earn 18 00:00:56,560 --> 00:00:58,480 Speaker 4: Your Lisua and Big Facts. 19 00:00:58,520 --> 00:00:59,520 Speaker 5: Make some noise. 20 00:01:06,640 --> 00:01:07,040 Speaker 1: What's up? 21 00:01:07,080 --> 00:01:09,440 Speaker 3: It's a hell of introduction, kV. I appreciate you. I 22 00:01:09,520 --> 00:01:11,080 Speaker 3: love you, Atlanta. What's going on? 23 00:01:12,080 --> 00:01:14,840 Speaker 1: Big Facts in the building? We have your lease in 24 00:01:14,840 --> 00:01:16,840 Speaker 1: the building. Yeah yeah, dang? 25 00:01:16,920 --> 00:01:17,200 Speaker 2: What up? 26 00:01:17,280 --> 00:01:19,080 Speaker 1: Check chat one two one two? What's so? What's up? 27 00:01:19,120 --> 00:01:21,240 Speaker 2: How everybody feeling? How everybody feeling? Makes them noise? One 28 00:01:21,280 --> 00:01:22,160 Speaker 2: time Energy check. 29 00:01:23,720 --> 00:01:25,679 Speaker 5: Hell, now y'all gotta do better than that. Come on, 30 00:01:25,720 --> 00:01:27,320 Speaker 5: we need to turn that ship out. Let's go. 31 00:01:28,000 --> 00:01:35,520 Speaker 2: Come on, big facts meets earn your leisure once again. 32 00:01:35,560 --> 00:01:39,720 Speaker 2: How y'all doing fellas good? How y'all doing fresh off investments? 33 00:01:39,840 --> 00:01:41,120 Speaker 2: Give it up for them? You know, I mean, an 34 00:01:41,160 --> 00:01:46,040 Speaker 2: amazing job for history, for real. So we had to 35 00:01:46,200 --> 00:01:48,280 Speaker 2: give everybody, you know what I'm saying, some motivation, some 36 00:01:48,400 --> 00:01:52,680 Speaker 2: games of course, some wisdom. How did the financial literacy 37 00:01:53,200 --> 00:01:56,920 Speaker 2: space start for you guys? Let's start there? Boys started 38 00:01:57,480 --> 00:02:00,680 Speaker 2: for me. I always was interested in business, like my 39 00:02:00,680 --> 00:02:03,760 Speaker 2: whole entire life, Like, I always wanted to be an entrepreneur. 40 00:02:04,400 --> 00:02:06,960 Speaker 2: I didn't know exactly what area I wanted to go into, 41 00:02:07,000 --> 00:02:08,880 Speaker 2: but I knew that I wanted to be an entrepreneur. 42 00:02:08,880 --> 00:02:11,960 Speaker 2: I want to do business. And I used to play basketball. 43 00:02:12,080 --> 00:02:13,560 Speaker 2: I thought I was going to go to the NBA. 44 00:02:14,000 --> 00:02:16,240 Speaker 2: That was like my first passion. And then when that 45 00:02:16,280 --> 00:02:18,120 Speaker 2: didn't work out, I went to college. When that didn't 46 00:02:18,120 --> 00:02:20,960 Speaker 2: work out, I had to figure it out. So I started. 47 00:02:21,120 --> 00:02:22,840 Speaker 2: I went back to home in New York, and I 48 00:02:22,840 --> 00:02:25,560 Speaker 2: started a career as a financial advisor and I was 49 00:02:25,600 --> 00:02:28,000 Speaker 2: helping people. He was actually my first client, I sold 50 00:02:28,040 --> 00:02:31,079 Speaker 2: them life insurance. So I was selling life insurance and 51 00:02:31,160 --> 00:02:34,440 Speaker 2: college savings plans and investing people's money. And I was 52 00:02:34,480 --> 00:02:36,240 Speaker 2: doing that when I was like twenty four years old. 53 00:02:36,919 --> 00:02:40,600 Speaker 2: So that for me was the origin story as far 54 00:02:40,600 --> 00:02:42,639 Speaker 2: as like how it started for me personally. 55 00:02:43,080 --> 00:02:45,960 Speaker 3: Yeah, for me, it really started with trying to help 56 00:02:46,040 --> 00:02:49,400 Speaker 3: kids learn about money. Because you are a teacher, a GGA. 57 00:02:49,440 --> 00:02:51,240 Speaker 3: I was a teacher in the Bronx for eight years. 58 00:02:51,720 --> 00:02:54,440 Speaker 3: And really, I mean, if you've been in public school, 59 00:02:54,440 --> 00:02:56,200 Speaker 3: you know a lot of stuff that's being taught really 60 00:02:56,240 --> 00:02:57,160 Speaker 3: isn't gonna be applied. 61 00:02:57,680 --> 00:02:59,880 Speaker 1: And yeah, somebody said, right, yeah, for sure. 62 00:03:00,320 --> 00:03:02,919 Speaker 3: And I had an opportunity to have a group of 63 00:03:03,000 --> 00:03:05,880 Speaker 3: kids in the summer and we were giving them internships 64 00:03:05,919 --> 00:03:08,440 Speaker 3: and based on how they performed in that internship, we 65 00:03:08,440 --> 00:03:09,160 Speaker 3: were going to pay them. 66 00:03:09,440 --> 00:03:10,960 Speaker 1: Okay, So I figured, this is perfect. 67 00:03:11,240 --> 00:03:13,160 Speaker 3: If we're going to pay them, this is the opportunity 68 00:03:13,160 --> 00:03:15,200 Speaker 3: to teach them about money. Like you said, at the 69 00:03:15,360 --> 00:03:18,400 Speaker 3: same time he was starting his career as a financial advisor. 70 00:03:18,440 --> 00:03:19,400 Speaker 1: I was like, this is great. 71 00:03:19,880 --> 00:03:22,360 Speaker 3: We should start teaching kids about money because if they 72 00:03:22,480 --> 00:03:25,120 Speaker 3: learn it now at fourteen fifteen, where would they be 73 00:03:25,200 --> 00:03:28,880 Speaker 3: at nineteen twenty thirty, and so their future trajectory became 74 00:03:28,919 --> 00:03:30,359 Speaker 3: the goal, like, we're going to make sure that kids 75 00:03:30,440 --> 00:03:32,360 Speaker 3: learn about money because we didn't get that in school. 76 00:03:32,800 --> 00:03:35,680 Speaker 3: And so we started doing that, and then he had 77 00:03:35,680 --> 00:03:37,840 Speaker 3: the brilliant idea to start recording those classrooms. 78 00:03:37,960 --> 00:03:40,200 Speaker 1: I was like, this is great. Everybody would see what 79 00:03:40,200 --> 00:03:40,720 Speaker 1: we were doing. 80 00:03:40,840 --> 00:03:42,560 Speaker 3: Parents would hear about it, and they were like, I 81 00:03:42,600 --> 00:03:44,200 Speaker 3: want my kid to have that. How do we get 82 00:03:44,200 --> 00:03:46,240 Speaker 3: that in Atlanta? How do I get that in Newark? 83 00:03:46,280 --> 00:03:48,120 Speaker 3: How do I get it in Chicago? And so my 84 00:03:48,240 --> 00:03:50,400 Speaker 3: vision was I need to figure out how to scale this, 85 00:03:50,520 --> 00:03:53,080 Speaker 3: to make this something that's just not local to my community, 86 00:03:53,280 --> 00:03:54,680 Speaker 3: but something that everybody could have. 87 00:03:55,120 --> 00:03:56,280 Speaker 1: And I couldn't really figure it out. 88 00:03:56,280 --> 00:03:57,880 Speaker 3: I was trying to get it from school to school, 89 00:03:58,320 --> 00:04:00,520 Speaker 3: and He's just like, you know what, social media is 90 00:04:00,520 --> 00:04:02,000 Speaker 3: going to be the way. So he started recording the 91 00:04:02,000 --> 00:04:06,360 Speaker 3: classrooms and that started his social media campaign with like 92 00:04:06,360 --> 00:04:08,120 Speaker 3: he said, he wanted to be a financial advisor, like 93 00:04:08,120 --> 00:04:11,640 Speaker 3: a superstar one his brilliant idea. His dedication to social 94 00:04:11,680 --> 00:04:14,200 Speaker 3: media really sparked it. Because I'm sitting here like, all right, 95 00:04:14,360 --> 00:04:15,840 Speaker 3: this is it, this is what we do. He's like, Nah, 96 00:04:15,880 --> 00:04:17,760 Speaker 3: social media is going to be a way. Those clips 97 00:04:17,800 --> 00:04:21,160 Speaker 3: led to him doing interviews. Those interviews people led to 98 00:04:21,200 --> 00:04:23,400 Speaker 3: people wanted more content, and so they thought he had 99 00:04:23,440 --> 00:04:25,479 Speaker 3: a show. The whole time, they were like, yo, where's 100 00:04:25,480 --> 00:04:27,039 Speaker 3: the show, Where's the rest of the episode. 101 00:04:27,279 --> 00:04:29,280 Speaker 1: And so one day he was like, look, you want 102 00:04:29,320 --> 00:04:30,440 Speaker 1: to start a podcast. 103 00:04:30,720 --> 00:04:32,640 Speaker 3: And at the time we hadn't listened to any podcast 104 00:04:32,720 --> 00:04:35,360 Speaker 3: We didn't really know any podcasts. But this is my brother. 105 00:04:35,600 --> 00:04:37,560 Speaker 3: So if he has an idea, I'm like, let's support it. 106 00:04:37,760 --> 00:04:39,359 Speaker 3: He said let's start a show. I'm like, all right, 107 00:04:39,480 --> 00:04:41,200 Speaker 3: let's do it. And we went off in the run 108 00:04:41,200 --> 00:04:41,799 Speaker 3: it early Leisure. 109 00:04:42,160 --> 00:04:44,520 Speaker 6: So look, let me ask you this, at what point 110 00:04:44,760 --> 00:04:48,200 Speaker 6: in your life did you realize that the things that 111 00:04:48,240 --> 00:04:52,680 Speaker 6: you were learning and also teaching about financial literacy could 112 00:04:52,720 --> 00:04:54,760 Speaker 6: effectively change your life forever. 113 00:04:55,080 --> 00:04:57,680 Speaker 3: I mean I learned it early. I'm you know, my 114 00:04:57,680 --> 00:04:59,719 Speaker 3: mom used to call me inquisitive. I had no idea 115 00:04:59,760 --> 00:05:03,880 Speaker 3: what that meant until years later. I was always asking questions. 116 00:05:04,360 --> 00:05:07,320 Speaker 3: I knew about money, but I never had conversations about it. 117 00:05:07,360 --> 00:05:09,279 Speaker 3: And this is one of those things about being around 118 00:05:09,320 --> 00:05:12,000 Speaker 3: your peers. And so Michalle was an entrepreneur or the 119 00:05:12,279 --> 00:05:14,880 Speaker 3: partner Mike was an entrepreneur. They had a skill that 120 00:05:14,920 --> 00:05:17,560 Speaker 3: I didn't have, and they could talk about experiences that 121 00:05:17,600 --> 00:05:19,680 Speaker 3: I didn't understand, right because I was doing a nine 122 00:05:19,720 --> 00:05:21,960 Speaker 3: to five and so I was looking at like, man, 123 00:05:22,400 --> 00:05:24,200 Speaker 3: they have certain freedoms that I would love to have 124 00:05:24,240 --> 00:05:26,400 Speaker 3: even though I'm inside of the system of the nine 125 00:05:26,400 --> 00:05:27,000 Speaker 3: to five work. 126 00:05:27,200 --> 00:05:30,000 Speaker 1: And so I started teaching myself. They started having conversations. 127 00:05:30,000 --> 00:05:31,600 Speaker 3: I never forget there was a conversation that they had 128 00:05:31,680 --> 00:05:34,960 Speaker 3: right after I graduated about this book called Rich Dad, 129 00:05:35,000 --> 00:05:38,200 Speaker 3: Poor Dad, that they had ready. I'm sitting there like, damn, 130 00:05:39,160 --> 00:05:41,280 Speaker 3: I got nothing to add to the conversation. I haven't 131 00:05:41,320 --> 00:05:43,560 Speaker 3: read it. And I went home that night. I'm like, 132 00:05:43,600 --> 00:05:45,320 Speaker 3: this is the last time that anybody's gonna have a 133 00:05:45,360 --> 00:05:49,320 Speaker 3: conversation around money, and I can't add value to the conversation. 134 00:05:49,839 --> 00:05:52,400 Speaker 3: So I made it my point to that day start reading, 135 00:05:52,440 --> 00:05:55,760 Speaker 3: start reading real estate stocks, everything I could do to 136 00:05:56,240 --> 00:05:58,440 Speaker 3: add to conversations. I was like, Yeah, this is what 137 00:05:58,440 --> 00:06:00,359 Speaker 3: I'm gonna do because I never want I have that 138 00:06:00,360 --> 00:06:03,520 Speaker 3: feeling again, Right, bron, Really, what you think the big 139 00:06:03,600 --> 00:06:07,159 Speaker 3: what y'all think the biggest like disconnect between our people 140 00:06:07,240 --> 00:06:10,680 Speaker 3: and the paper, Like what's the biggest disconnect. 141 00:06:10,839 --> 00:06:24,400 Speaker 2: Sexy Red, I think the biggest disconnect, The biggest disconnect 142 00:06:24,520 --> 00:06:27,080 Speaker 2: is just the mindset, honestly, Like I feel like, you 143 00:06:27,120 --> 00:06:28,880 Speaker 2: know where we come from. We come from a working 144 00:06:28,880 --> 00:06:32,679 Speaker 2: class environment where it was like, you know, your parents 145 00:06:32,800 --> 00:06:36,120 Speaker 2: might not have had every single thing, but they had 146 00:06:36,640 --> 00:06:38,640 Speaker 2: a vision for you what they wanted you to do. 147 00:06:38,720 --> 00:06:40,760 Speaker 2: Like so it was like the goal was for you 148 00:06:40,800 --> 00:06:43,240 Speaker 2: to do good in school and then go to college 149 00:06:43,240 --> 00:06:45,600 Speaker 2: and get a college degree and then get a good job, 150 00:06:45,720 --> 00:06:46,920 Speaker 2: like you know what I mean. That's something that they 151 00:06:47,000 --> 00:06:49,720 Speaker 2: might not have ever had the opportunity to do. So 152 00:06:49,760 --> 00:06:51,720 Speaker 2: that was like really pushed, Like that was something that 153 00:06:51,760 --> 00:06:53,839 Speaker 2: was like the normal in our neighborhood. Like if you 154 00:06:53,880 --> 00:06:57,000 Speaker 2: became a sanitation worker, you hit the lottery what I mean, 155 00:06:57,000 --> 00:06:59,479 Speaker 2: because that was like a very good job where you 156 00:06:59,560 --> 00:07:02,280 Speaker 2: had been and then you could work for twenty thirty 157 00:07:02,360 --> 00:07:04,240 Speaker 2: years and then you can retire, you get a pension. 158 00:07:04,520 --> 00:07:06,360 Speaker 2: This is the kind of mindset that we grew up with. 159 00:07:06,680 --> 00:07:09,360 Speaker 2: So I feel like we never really even thought it 160 00:07:09,400 --> 00:07:12,880 Speaker 2: was achievable to be an entrepreneur. We never thought about 161 00:07:13,160 --> 00:07:15,920 Speaker 2: we can own real estate and invest in stocks, Like 162 00:07:16,240 --> 00:07:19,000 Speaker 2: it wasn't something that was even a thought because it 163 00:07:19,040 --> 00:07:23,000 Speaker 2: wasn't passed down to us generation generation jobs was passed 164 00:07:23,000 --> 00:07:26,800 Speaker 2: down to us. Like that, that mentality, so the mentality 165 00:07:26,960 --> 00:07:30,560 Speaker 2: of not understanding the flow of money and looking at 166 00:07:30,560 --> 00:07:33,240 Speaker 2: it from a scarcity standpoint of like, all right, I 167 00:07:33,240 --> 00:07:36,080 Speaker 2: get money, I'm a hoarded I'm scared. I'm not gonna 168 00:07:36,080 --> 00:07:38,960 Speaker 2: invest money. I'm not gonna do anything like I just 169 00:07:38,960 --> 00:07:41,480 Speaker 2: want to just make money and just go on vacation 170 00:07:41,600 --> 00:07:43,880 Speaker 2: once a year and then just put money in the 171 00:07:43,920 --> 00:07:47,880 Speaker 2: bank and that's it. And that's not a pathway to wealth. Well, 172 00:07:47,880 --> 00:07:49,520 Speaker 2: I like the crazy thing is like the people with 173 00:07:49,600 --> 00:07:53,080 Speaker 2: the most money, like they're the most radical, they'll put 174 00:07:53,120 --> 00:07:56,040 Speaker 2: money in bitcoin, they put money in this that because 175 00:07:56,040 --> 00:07:58,520 Speaker 2: they understand it's like a frisbee. Money's not meant to 176 00:07:58,600 --> 00:08:01,800 Speaker 2: just be hoarded. It's meant to actually go out right 177 00:08:01,880 --> 00:08:06,080 Speaker 2: like the exactly. So I don't think people fully understand that, 178 00:08:06,400 --> 00:08:08,280 Speaker 2: and that's what keeps a lot of people what I 179 00:08:08,320 --> 00:08:11,160 Speaker 2: call like a middle class mindset, whereas you know, you 180 00:08:11,280 --> 00:08:13,840 Speaker 2: kind of like systematic, like a robot pretty much, you 181 00:08:13,880 --> 00:08:16,320 Speaker 2: wake up, you go to lunch, you go to work, 182 00:08:16,560 --> 00:08:19,440 Speaker 2: come home, and before you know it, it's like thirty 183 00:08:19,520 --> 00:08:21,400 Speaker 2: years of your life has fast and that's all you 184 00:08:21,400 --> 00:08:22,000 Speaker 2: have done. 185 00:08:22,120 --> 00:08:24,080 Speaker 5: Because assembly line. 186 00:08:24,200 --> 00:08:26,320 Speaker 2: Yeah, so it's like but like I said, but that's 187 00:08:26,360 --> 00:08:28,600 Speaker 2: actually even goes back to the education system. 188 00:08:28,800 --> 00:08:29,760 Speaker 1: That's what we was taught to do. 189 00:08:29,800 --> 00:08:31,200 Speaker 2: If you think about it, from the time that you 190 00:08:31,280 --> 00:08:34,959 Speaker 2: go to school, you have seven o'clock checking, then you 191 00:08:35,040 --> 00:08:37,360 Speaker 2: got your twelve o'clock lunch break, you go to gym. 192 00:08:37,520 --> 00:08:38,880 Speaker 1: It's all's planned for you. 193 00:08:38,920 --> 00:08:40,800 Speaker 2: So for the time you're like eight years old, to 194 00:08:40,840 --> 00:08:43,040 Speaker 2: the time that you're twenty two years old, you've been 195 00:08:43,200 --> 00:08:47,080 Speaker 2: doing that same program every single day, the repetition. You 196 00:08:47,160 --> 00:08:49,280 Speaker 2: might get a week off for Christmas, you get a 197 00:08:49,320 --> 00:08:52,400 Speaker 2: couple months off for the summer, so you're you're. 198 00:08:52,320 --> 00:08:53,400 Speaker 1: Trained like that. Like what I mean. 199 00:08:53,520 --> 00:08:56,560 Speaker 2: So, I feel like a lot of our people were 200 00:08:56,640 --> 00:09:01,000 Speaker 2: never even considering, you know, finance your freedom as an option, 201 00:09:01,520 --> 00:09:02,559 Speaker 2: never even thought about it. 202 00:09:02,640 --> 00:09:04,280 Speaker 1: So now now that we have the. 203 00:09:04,240 --> 00:09:06,360 Speaker 2: Internet, now that we have different examples, now that we 204 00:09:06,360 --> 00:09:09,559 Speaker 2: provide information, I think that that mindset is starting to change, 205 00:09:09,840 --> 00:09:12,680 Speaker 2: and now people are starting to understand, Okay, maybe I 206 00:09:12,679 --> 00:09:15,040 Speaker 2: should take this risk, so I can do this, so 207 00:09:15,480 --> 00:09:17,880 Speaker 2: I don't have to work a regular job for fifty years. 208 00:09:17,920 --> 00:09:20,559 Speaker 2: If you want to you can, but there's different options 209 00:09:20,559 --> 00:09:23,640 Speaker 2: for you. So I think just understanding how money works 210 00:09:23,960 --> 00:09:27,000 Speaker 2: in the mindset around money is something that we have 211 00:09:27,160 --> 00:09:32,640 Speaker 2: never really you know, fully understood and you used sexy read. 212 00:09:32,679 --> 00:09:34,920 Speaker 3: But the music pays a part in that too, right, 213 00:09:35,000 --> 00:09:39,120 Speaker 3: So we didn't learn financial intelligence just from school, like 214 00:09:39,160 --> 00:09:41,440 Speaker 3: sometimes we learned it from music, and it might not 215 00:09:41,520 --> 00:09:43,320 Speaker 3: always be the best thing. So like I'm thinking, like 216 00:09:43,600 --> 00:09:45,880 Speaker 3: I'm listening to music in the nineties and they're telling me, Yo, 217 00:09:45,920 --> 00:09:48,200 Speaker 3: you need to put your money under the mattress, you 218 00:09:48,240 --> 00:09:50,000 Speaker 3: need to put your money in the mailbox or in 219 00:09:50,040 --> 00:09:52,600 Speaker 3: a shoe box. Until you become an adult and you 220 00:09:52,600 --> 00:09:55,000 Speaker 3: realize when you got that money, that was never money 221 00:09:55,000 --> 00:09:56,600 Speaker 3: that was banged. And so if you need a loan 222 00:09:56,600 --> 00:09:57,839 Speaker 3: from the bank, they're gonna be like, where did the 223 00:09:57,880 --> 00:10:00,520 Speaker 3: income come from? So like, these are the thing that 224 00:10:00,840 --> 00:10:03,160 Speaker 3: these myths and these this mindset that we try to 225 00:10:03,200 --> 00:10:06,080 Speaker 3: break right now, because we know that once you pass 226 00:10:06,120 --> 00:10:08,840 Speaker 3: this hurdle, there's another one, right from a financial standpoint, 227 00:10:09,000 --> 00:10:10,960 Speaker 3: So if we get those hurdles out the way early 228 00:10:11,000 --> 00:10:14,079 Speaker 3: and we teach the young people early, right, they won't 229 00:10:14,120 --> 00:10:16,440 Speaker 3: have these barriers to face, right, There'll be other barriers, 230 00:10:16,480 --> 00:10:18,840 Speaker 3: but they won't have these ones that are very simple 231 00:10:18,840 --> 00:10:19,960 Speaker 3: that we can correct right now. 232 00:10:20,040 --> 00:10:21,120 Speaker 1: But then also, like. 233 00:10:22,679 --> 00:10:27,920 Speaker 2: Art is very important in this equation because like, growing up, 234 00:10:27,920 --> 00:10:30,800 Speaker 2: we all wanted to be like Jay and he was 235 00:10:30,840 --> 00:10:33,320 Speaker 2: a major inspiration and he still is. So when we 236 00:10:33,320 --> 00:10:35,360 Speaker 2: was like twelve years old, fourteen years old, we listened 237 00:10:35,400 --> 00:10:37,960 Speaker 2: to Jay and the way that he's talking. He's like, 238 00:10:38,240 --> 00:10:40,520 Speaker 2: change is cooler, cop, but more important as lawyer fees. 239 00:10:40,559 --> 00:10:42,920 Speaker 2: Like that was putting something in our brain on he 240 00:10:43,040 --> 00:10:45,400 Speaker 2: was like, I'm raping def jam till I'm one hundred 241 00:10:45,400 --> 00:10:45,920 Speaker 2: million man. 242 00:10:46,480 --> 00:10:47,959 Speaker 1: It was like he was giving us. 243 00:10:48,200 --> 00:10:51,240 Speaker 2: He wasn't giving us direct information, but the way he 244 00:10:51,280 --> 00:10:53,600 Speaker 2: was talking, even when he was like in ninety six, 245 00:10:54,000 --> 00:10:56,040 Speaker 2: He's like, y'all dumping through the sauce. I read the 246 00:10:56,080 --> 00:10:58,200 Speaker 2: Rob Report. I didn't know what the rob report was, 247 00:10:58,400 --> 00:11:00,360 Speaker 2: but that made me. I'm like, what's the Rob Report. 248 00:11:00,400 --> 00:11:02,360 Speaker 2: I'm like, oh, this is where they got yachts and 249 00:11:02,480 --> 00:11:05,719 Speaker 2: boats and watches and his way of thinking. 250 00:11:07,000 --> 00:11:08,959 Speaker 1: Yeah, exactly. 251 00:11:09,120 --> 00:11:13,559 Speaker 2: So that is important because I feel like a lot 252 00:11:13,600 --> 00:11:16,440 Speaker 2: of times people say, well, I'm just rapping about my 253 00:11:16,600 --> 00:11:19,480 Speaker 2: environment or but problem with that is that you're just 254 00:11:19,520 --> 00:11:23,240 Speaker 2: gonna always stay in your environment. Right, there's no evolution 255 00:11:23,920 --> 00:11:27,240 Speaker 2: exactly because people do imitate music. 256 00:11:27,559 --> 00:11:29,920 Speaker 1: The idea of like, well. 257 00:11:29,760 --> 00:11:33,320 Speaker 2: I'm not a role model, it's not really true because 258 00:11:33,720 --> 00:11:36,560 Speaker 2: they were my role models, so I know firsthand that's 259 00:11:36,840 --> 00:11:37,760 Speaker 2: who I was looking up to. 260 00:11:37,840 --> 00:11:39,600 Speaker 1: I was looking up to the artists and the musicians. 261 00:11:39,679 --> 00:11:43,440 Speaker 2: So if I was listening to other rappers, then we 262 00:11:43,520 --> 00:11:46,080 Speaker 2: might not even be here right now right. Fortunately, we 263 00:11:46,200 --> 00:11:50,160 Speaker 2: had guidance in the music that it wasn't perfect. There 264 00:11:50,200 --> 00:11:53,120 Speaker 2: was a lot of issues with even these people that 265 00:11:53,160 --> 00:11:55,800 Speaker 2: we was listening to, but it led us on a 266 00:11:55,960 --> 00:11:59,760 Speaker 2: path where we can actually have some level of aspiration, 267 00:12:00,400 --> 00:12:03,320 Speaker 2: like an inspiration that we wanted to aspire to. It 268 00:12:03,360 --> 00:12:06,720 Speaker 2: wasn't just just gang culture and drugs and stuff like that. 269 00:12:06,800 --> 00:12:09,200 Speaker 2: It was like more things that we didn't have that 270 00:12:09,240 --> 00:12:11,839 Speaker 2: we wanted to obtain. So I just wanted to say 271 00:12:11,840 --> 00:12:13,800 Speaker 2: that because we're in Atlanta, So it's like, obviously Atlanta 272 00:12:13,840 --> 00:12:15,840 Speaker 2: is the mecca of music. But that's a major part 273 00:12:15,840 --> 00:12:17,800 Speaker 2: in the financial literacy thing, and even when you're looking 274 00:12:17,840 --> 00:12:21,719 Speaker 2: at he's a real reason why even we're able to 275 00:12:22,040 --> 00:12:25,160 Speaker 2: be here right now right Like the marathon and black 276 00:12:25,360 --> 00:12:28,439 Speaker 2: entrepreneurship and all of the stuff that he was talking 277 00:12:28,480 --> 00:12:32,240 Speaker 2: about that helped the minds ross these people like this, 278 00:12:32,440 --> 00:12:35,240 Speaker 2: like what they talk about in their music. It helped 279 00:12:35,440 --> 00:12:39,360 Speaker 2: people more receptive to our message, right, because now when 280 00:12:39,360 --> 00:12:42,079 Speaker 2: you hand about wingstop, you hand about entrepreneurship, you're hand 281 00:12:42,120 --> 00:12:44,719 Speaker 2: about investing, it's like, okay, you starting to get it. 282 00:12:44,920 --> 00:12:47,320 Speaker 2: They don't tell you enough information where you like fully 283 00:12:47,400 --> 00:12:49,720 Speaker 2: know it, but at least they opened your mind to 284 00:12:49,760 --> 00:12:52,040 Speaker 2: be receptive to it. And then we could come in 285 00:12:52,080 --> 00:12:54,880 Speaker 2: and then provide like detailed information where you can actually, 286 00:12:54,880 --> 00:12:56,440 Speaker 2: you know, start implementing things. 287 00:12:56,480 --> 00:12:58,760 Speaker 1: That goes back to your question of that journey. 288 00:12:59,280 --> 00:13:01,720 Speaker 3: And so very early on we knew that the music 289 00:13:01,840 --> 00:13:04,200 Speaker 3: was something that we could use to grab the audience 290 00:13:04,200 --> 00:13:07,640 Speaker 3: in right right. And so the first lesson that I 291 00:13:07,640 --> 00:13:10,440 Speaker 3: ever wrote on financial literacy was Jay and it was 292 00:13:10,440 --> 00:13:12,840 Speaker 3: as an adult, but I heard that lyric when I 293 00:13:12,840 --> 00:13:14,640 Speaker 3: was sixteen years old. He said all black Scott is 294 00:13:14,679 --> 00:13:18,280 Speaker 3: sports and entertainment until we even I'm like, damn when 295 00:13:18,320 --> 00:13:20,160 Speaker 3: I started thinking about it. That's pretty profound because when 296 00:13:20,160 --> 00:13:23,559 Speaker 3: we look at all the people we associate with success, 297 00:13:23,600 --> 00:13:26,960 Speaker 3: they come from those two fields entertainment or sports. We 298 00:13:27,000 --> 00:13:29,360 Speaker 3: don't know anything about any entrepreneurs. We didn't know anything 299 00:13:29,360 --> 00:13:31,360 Speaker 3: about people in business. We didn't know about anybody in 300 00:13:31,440 --> 00:13:34,560 Speaker 3: real estate or natural resources. It was just those two things. 301 00:13:34,800 --> 00:13:36,240 Speaker 3: And so if those are the only two things we 302 00:13:36,320 --> 00:13:38,840 Speaker 3: ever see and we're not one of those two things, 303 00:13:39,040 --> 00:13:41,439 Speaker 3: what value do we have on our life? And so 304 00:13:41,480 --> 00:13:42,880 Speaker 3: that was our mission. It was like, all right, well, 305 00:13:42,880 --> 00:13:44,679 Speaker 3: we're going to show these kids that there's so many 306 00:13:44,760 --> 00:13:47,680 Speaker 3: other things you can be that has value. But let's 307 00:13:47,720 --> 00:13:49,880 Speaker 3: get adults that are doing it right now the highlight 308 00:13:49,920 --> 00:13:52,440 Speaker 3: to our public. And so that one line sparked me 309 00:13:52,480 --> 00:13:54,600 Speaker 3: to say, all right, well, who are the people that 310 00:13:54,640 --> 00:13:57,840 Speaker 3: have value? Who are the wealthiest people on the planet. 311 00:13:58,160 --> 00:13:59,760 Speaker 3: None of them, when I looked it up, none of 312 00:13:59,760 --> 00:14:02,920 Speaker 3: them came for sports and entertainment, and seven of them 313 00:14:02,960 --> 00:14:05,360 Speaker 3: didn't even come from America. So now was a lesson 314 00:14:05,360 --> 00:14:08,120 Speaker 3: a right, well, we need to explore the economy from 315 00:14:08,200 --> 00:14:11,640 Speaker 3: just a domestic standpoint to now an international one. Wow, 316 00:14:11,800 --> 00:14:14,920 Speaker 3: we got seven billionaires in Africa that we've never spoken about. 317 00:14:15,080 --> 00:14:16,840 Speaker 3: That's not going to be in your history book, that's 318 00:14:16,840 --> 00:14:19,200 Speaker 3: not in your textbook. But now we have an opportunity 319 00:14:19,240 --> 00:14:21,160 Speaker 3: to teach you about that and teach you how to 320 00:14:21,240 --> 00:14:23,320 Speaker 3: got it. From natural resources and teach you how to 321 00:14:23,360 --> 00:14:26,320 Speaker 3: got it from cement and electricity. But all these things 322 00:14:26,480 --> 00:14:28,920 Speaker 3: will never be taught in school, right, So it goes 323 00:14:28,960 --> 00:14:31,320 Speaker 3: back to the mission. Hip hop started because we were 324 00:14:31,360 --> 00:14:33,640 Speaker 3: able to decode And my brother told me this the 325 00:14:33,640 --> 00:14:35,800 Speaker 3: other day, was like, you keep saying that y'all were 326 00:14:35,840 --> 00:14:38,680 Speaker 3: able to decode music, but that's not a natural skill, 327 00:14:39,280 --> 00:14:41,360 Speaker 3: that's a God given skill. The fact that we were 328 00:14:41,400 --> 00:14:43,720 Speaker 3: able to do it at the same time helped us 329 00:14:43,760 --> 00:14:47,000 Speaker 3: again decode business. So now when I hear lyrics and 330 00:14:47,040 --> 00:14:49,240 Speaker 3: I can explain it to my friends, I can also 331 00:14:49,360 --> 00:14:52,280 Speaker 3: hear CNBC and read the Wall Street Journal and explain 332 00:14:52,320 --> 00:14:53,160 Speaker 3: it to my community. 333 00:14:53,360 --> 00:14:53,960 Speaker 1: You know what I'm saying. 334 00:14:54,800 --> 00:14:58,200 Speaker 6: So let me ask you this from a financial and 335 00:14:58,320 --> 00:15:03,280 Speaker 6: from an entrepreneurial stand point, what would be the most 336 00:15:03,320 --> 00:15:06,480 Speaker 6: important gym that you would give an adults to put 337 00:15:06,520 --> 00:15:09,040 Speaker 6: themselves on a path to passive income. 338 00:15:09,480 --> 00:15:12,120 Speaker 2: Well, I think that the most important thing that you 339 00:15:12,360 --> 00:15:13,840 Speaker 2: So it's a few different things I want to do. 340 00:15:14,160 --> 00:15:16,000 Speaker 1: You have to educate yourself, that's important. 341 00:15:16,480 --> 00:15:20,320 Speaker 2: So like for me personally, my education, my real education 342 00:15:20,400 --> 00:15:22,760 Speaker 2: started with I read a book called Bridge Dad, Poor Dad, 343 00:15:23,200 --> 00:15:25,040 Speaker 2: and I read that when I was like eighteen years old, 344 00:15:25,560 --> 00:15:28,720 Speaker 2: and that helped me understand finance is a lot better. 345 00:15:29,400 --> 00:15:31,280 Speaker 2: And then from there it's just you know, digging down 346 00:15:31,320 --> 00:15:35,000 Speaker 2: a rabbit hole of different videos and different books and 347 00:15:35,040 --> 00:15:37,920 Speaker 2: literature and going to different events. But I feel like 348 00:15:37,920 --> 00:15:41,600 Speaker 2: a lot of times people don't want to educate themselves. 349 00:15:41,840 --> 00:15:42,040 Speaker 5: Right. 350 00:15:42,160 --> 00:15:45,440 Speaker 2: You can't rely on somebody else to educate you. It's 351 00:15:45,480 --> 00:15:48,680 Speaker 2: your responsibility to educate yourself. So as far as when 352 00:15:48,720 --> 00:15:51,320 Speaker 2: you're looking at you ask the question about passive income, 353 00:15:51,840 --> 00:15:56,000 Speaker 2: I'm going to talk about investing, but it's extremely dangerous 354 00:15:56,000 --> 00:15:59,120 Speaker 2: to start investing if you're not educated. Yeah, facts, right, 355 00:15:59,600 --> 00:16:04,520 Speaker 2: that happens a lot, Like the podcast, that happens a lot, 356 00:16:04,600 --> 00:16:08,400 Speaker 2: and that's when you you make mistakes and you lose money, 357 00:16:08,440 --> 00:16:10,920 Speaker 2: and that could discourage you. So the first thing that 358 00:16:11,000 --> 00:16:15,360 Speaker 2: you have to do is really really educate yourself, right, 359 00:16:15,440 --> 00:16:17,600 Speaker 2: and then from there, you know, there's different ways to 360 00:16:17,600 --> 00:16:20,120 Speaker 2: go about it. I think the three biggest ways that 361 00:16:20,160 --> 00:16:23,160 Speaker 2: you should be investing is stocks. We talk about stocks 362 00:16:23,200 --> 00:16:25,800 Speaker 2: a lot. We have a whole show devoted to stocks. 363 00:16:26,240 --> 00:16:29,320 Speaker 2: That's important because everybody is not meant to be a 364 00:16:29,360 --> 00:16:32,720 Speaker 2: business owner, but everybody can own a business. So you 365 00:16:32,800 --> 00:16:35,680 Speaker 2: can own a business by investing in publicly traded companies, 366 00:16:35,720 --> 00:16:38,720 Speaker 2: which is own the stock market, Apple, Microsoft, Google. These 367 00:16:38,720 --> 00:16:42,240 Speaker 2: are all companies that everybody knows, everybody's familiar with, and 368 00:16:42,280 --> 00:16:44,600 Speaker 2: if you invest in their stock, now you're a part 369 00:16:44,600 --> 00:16:46,880 Speaker 2: owner in their company. Right, So that's one way to 370 00:16:46,880 --> 00:16:49,160 Speaker 2: go about it. Of course, real estate is forever, and 371 00:16:49,200 --> 00:16:52,840 Speaker 2: you always have to live somewhere, So that's something that 372 00:16:52,880 --> 00:16:55,280 Speaker 2: at the very least you should You should start with 373 00:16:55,360 --> 00:16:57,640 Speaker 2: the place that you live, right, try to try to 374 00:16:57,680 --> 00:17:01,040 Speaker 2: own where you actually are living, and then from there 375 00:17:01,200 --> 00:17:04,000 Speaker 2: grow multi family homes and you can have an apartment 376 00:17:04,080 --> 00:17:06,879 Speaker 2: rented out and airbnb. There's different opportunities on the real 377 00:17:06,960 --> 00:17:08,920 Speaker 2: estate side, but I think that real estate is something 378 00:17:08,960 --> 00:17:12,000 Speaker 2: that over the course of time, real estate has always 379 00:17:12,040 --> 00:17:15,640 Speaker 2: gone up, and if you're living in a place like Atlanta, 380 00:17:15,680 --> 00:17:17,320 Speaker 2: it's going to continue to go up. Right, Like, I 381 00:17:17,320 --> 00:17:21,160 Speaker 2: don't see Atlanta real estate dropping in the next ten years. 382 00:17:21,200 --> 00:17:24,480 Speaker 2: That's almost impossible. So real estate is something that you 383 00:17:24,480 --> 00:17:27,160 Speaker 2: should do now. One of the things that you can 384 00:17:27,200 --> 00:17:30,960 Speaker 2: do too, is work in collaboration with other people. A 385 00:17:31,000 --> 00:17:32,920 Speaker 2: lot of people get discouraged because it's like they don't 386 00:17:32,920 --> 00:17:35,080 Speaker 2: have enough time, they don't have enough energy. And it's 387 00:17:35,119 --> 00:17:36,840 Speaker 2: like I read a book and it was years ago 388 00:17:36,840 --> 00:17:38,520 Speaker 2: and it was like one of the keys to success 389 00:17:38,600 --> 00:17:41,399 Speaker 2: is collaboration. It's like a mastermind approach really if you 390 00:17:41,440 --> 00:17:44,040 Speaker 2: think about it, because if you work with two three people, 391 00:17:44,400 --> 00:17:47,120 Speaker 2: now it's like a superhuman, right, because now you're using 392 00:17:47,119 --> 00:17:49,119 Speaker 2: three different people's expertise, Like even what we do, Like 393 00:17:49,160 --> 00:17:50,679 Speaker 2: there's things that he's good at that I don't know. 394 00:17:50,960 --> 00:17:52,760 Speaker 2: There's things that I'm good at that he doesn't know. 395 00:17:52,800 --> 00:17:56,119 Speaker 2: We have another partner. So when you're investing in real estate, 396 00:17:56,400 --> 00:17:58,359 Speaker 2: you should look at it from a team perspective, right, 397 00:17:58,400 --> 00:18:00,479 Speaker 2: Like I'm gonna get two three people. I don't have 398 00:18:00,520 --> 00:18:03,120 Speaker 2: time to do every single thing myself, but another person 399 00:18:03,240 --> 00:18:05,560 Speaker 2: might have time to actually go to the property. Another 400 00:18:05,600 --> 00:18:08,320 Speaker 2: person might have time to actually look and see what 401 00:18:08,800 --> 00:18:11,240 Speaker 2: needs renovation and talk to the contract and then we 402 00:18:11,280 --> 00:18:13,640 Speaker 2: can all pull our money together. So I might only 403 00:18:13,680 --> 00:18:16,399 Speaker 2: have five thousand, but if three of us have fifteen thousand, 404 00:18:16,440 --> 00:18:18,520 Speaker 2: that's better. Well I might have ten thousand, but if 405 00:18:18,520 --> 00:18:22,040 Speaker 2: three of us have thirty thousand, that's better. So group 406 00:18:22,160 --> 00:18:25,119 Speaker 2: economics is extremely important from a real estate perspective for sure. 407 00:18:25,560 --> 00:18:27,720 Speaker 2: And then the last one is business. I feel like, 408 00:18:27,800 --> 00:18:31,600 Speaker 2: you know, business is important and there's multiple different types 409 00:18:31,640 --> 00:18:34,679 Speaker 2: of businesses. You guys are business owners, we're business owners. 410 00:18:34,680 --> 00:18:37,520 Speaker 2: I feel like it's never been easier to start a 411 00:18:37,560 --> 00:18:40,800 Speaker 2: business now, like with everything that's happening online, social media 412 00:18:40,880 --> 00:18:45,960 Speaker 2: technology has empowered everybody to start businesses for low entry 413 00:18:47,000 --> 00:18:50,199 Speaker 2: and whatever the business is, you have an opportunity. So 414 00:18:50,760 --> 00:18:55,600 Speaker 2: business is very, very important I think in not just 415 00:18:55,640 --> 00:18:58,040 Speaker 2: our community but the world, but it's especially our community. 416 00:18:58,040 --> 00:19:00,879 Speaker 2: For a variety of different reasons, always encourage people to 417 00:19:01,080 --> 00:19:04,439 Speaker 2: be business owners. But yeah, I mean those those are 418 00:19:04,480 --> 00:19:07,879 Speaker 2: three I think cornerstones of what we call passive income. 419 00:19:07,880 --> 00:19:09,960 Speaker 2: But even passive income is not really passive because you 420 00:19:09,960 --> 00:19:12,200 Speaker 2: still have to do work. Even if you own a home, 421 00:19:12,480 --> 00:19:15,080 Speaker 2: like theoretically it's passive income, but you got to check 422 00:19:15,119 --> 00:19:16,760 Speaker 2: on the tenants. You got to make sure that you 423 00:19:16,760 --> 00:19:18,639 Speaker 2: have a property manager in place, You got to make 424 00:19:18,680 --> 00:19:20,679 Speaker 2: sure that the grass is being cut. You gotta you know, 425 00:19:21,040 --> 00:19:23,520 Speaker 2: so you know, you still want to run that like 426 00:19:23,560 --> 00:19:25,800 Speaker 2: a business, right. You never want to get into the 427 00:19:25,800 --> 00:19:27,360 Speaker 2: point where you're just looking at it like all right, 428 00:19:27,640 --> 00:19:29,520 Speaker 2: I just invested in something. I'm just going to just 429 00:19:29,560 --> 00:19:31,959 Speaker 2: sit in the Bahamas and just collect checks like that 430 00:19:32,040 --> 00:19:33,920 Speaker 2: might come later on, but when you in the beginning 431 00:19:34,240 --> 00:19:37,320 Speaker 2: prepare be prepared to work. That's that's important. 432 00:19:38,040 --> 00:19:39,879 Speaker 3: I just want to touch on the part about business 433 00:19:39,920 --> 00:19:42,280 Speaker 3: because it's a conversation that we'll had and I'm sure 434 00:19:42,359 --> 00:19:44,159 Speaker 3: we've had and I'm sure that shot is going to 435 00:19:44,160 --> 00:19:46,040 Speaker 3: touch on it as well. But we need to really 436 00:19:46,119 --> 00:19:49,880 Speaker 3: challenge ourselves to invest in businesses that are scalable, right, 437 00:19:49,920 --> 00:19:50,720 Speaker 3: and so in. 438 00:19:50,680 --> 00:19:53,000 Speaker 5: Our community speak on it. 439 00:19:53,119 --> 00:19:55,720 Speaker 3: Historically, we have the same type of businesses we're gonna 440 00:19:55,760 --> 00:19:59,280 Speaker 3: do the barbershop, the hair salon, in the restaurant. 441 00:19:59,600 --> 00:20:00,800 Speaker 1: Those are three and. 442 00:20:00,800 --> 00:20:03,280 Speaker 3: They're great businesses, right, But when you get inside of 443 00:20:03,320 --> 00:20:06,960 Speaker 3: these businesses, it's tough to scale them, to replicate them. 444 00:20:07,000 --> 00:20:08,760 Speaker 3: And in fact, what you do is you end up 445 00:20:08,760 --> 00:20:11,920 Speaker 3: working for your business and you're an employee for your business. 446 00:20:12,240 --> 00:20:14,960 Speaker 3: And so in the age of technology and especially where 447 00:20:14,960 --> 00:20:16,399 Speaker 3: we're headed in the next five years, we just came 448 00:20:16,400 --> 00:20:19,760 Speaker 3: from a summit in California where they're talking about artificial intelligence, 449 00:20:20,280 --> 00:20:22,400 Speaker 3: you're going to have to figure out how to scale 450 00:20:22,400 --> 00:20:24,560 Speaker 3: and how to have a skill that can scale. And 451 00:20:24,600 --> 00:20:28,000 Speaker 3: so rather than you know, trying to run away from 452 00:20:28,359 --> 00:20:29,840 Speaker 3: what's ahead of us, like you said, we need to 453 00:20:29,960 --> 00:20:34,160 Speaker 3: educate ourselves to create businesses, collaborate with each other, to have. 454 00:20:34,160 --> 00:20:35,320 Speaker 1: A model that's scalable. 455 00:20:35,359 --> 00:20:37,680 Speaker 3: So now that you know it's something that can exist here, 456 00:20:37,720 --> 00:20:40,240 Speaker 3: it can exist in New York, it can exist in Africa, 457 00:20:40,320 --> 00:20:42,960 Speaker 3: it exists in London. And if not, we're going to 458 00:20:43,080 --> 00:20:46,080 Speaker 3: stay in the same segment, right because we can help 459 00:20:46,440 --> 00:20:49,919 Speaker 3: our families, we can maybe help our employees. But I 460 00:20:49,960 --> 00:20:52,160 Speaker 3: want to challenge us to create businesses that can change 461 00:20:52,200 --> 00:20:55,120 Speaker 3: the world. Like that should be our goal. We've done 462 00:20:55,160 --> 00:20:58,320 Speaker 3: this model for long enough. Let's do something that's progressive 463 00:20:58,400 --> 00:20:59,879 Speaker 3: enough to say, all right, I can help a thousand, 464 00:21:00,240 --> 00:21:02,000 Speaker 3: a million lives, a billion lives. 465 00:21:02,560 --> 00:21:04,360 Speaker 6: Okay, and I want to I'm not trying to cut 466 00:21:04,359 --> 00:21:06,560 Speaker 6: anybody else off, but I wanted to ask you a question. 467 00:21:07,680 --> 00:21:12,480 Speaker 6: You were just speaking on group economics, and in your opinion, 468 00:21:13,000 --> 00:21:16,639 Speaker 6: do you think that the whole group economics theory is 469 00:21:16,800 --> 00:21:22,320 Speaker 6: why other races such as Asians and Jewish people are 470 00:21:22,359 --> 00:21:23,199 Speaker 6: so successful. 471 00:21:24,119 --> 00:21:24,800 Speaker 1: Yeah, for sure. 472 00:21:25,560 --> 00:21:29,640 Speaker 2: You only you can only go so far by yourself, right, 473 00:21:29,920 --> 00:21:33,879 Speaker 2: and people usually feel more comfortable with people that they 474 00:21:33,880 --> 00:21:37,880 Speaker 2: have similarities with. So it's like, you know, if you're Asian, 475 00:21:37,920 --> 00:21:39,960 Speaker 2: it would make sense that you would do business with 476 00:21:40,040 --> 00:21:42,200 Speaker 2: people that you know come from the same exact country 477 00:21:42,240 --> 00:21:45,040 Speaker 2: that you could. You have the same dialect, you eat 478 00:21:45,040 --> 00:21:47,520 Speaker 2: the same food, you have the same religion. It makes sense. 479 00:21:48,080 --> 00:21:52,760 Speaker 2: So it's extremely important that you work with people that 480 00:21:53,400 --> 00:21:57,960 Speaker 2: you have similarities with. And that's just like a no brainer. 481 00:21:58,000 --> 00:21:59,840 Speaker 2: That's something that's that should be something that we shouldn't 482 00:21:59,840 --> 00:22:01,920 Speaker 2: even really even have to fully explain at this point. 483 00:22:01,960 --> 00:22:04,199 Speaker 2: I feel like if you don't understand at this point 484 00:22:04,240 --> 00:22:07,679 Speaker 2: that you're making a mistake, if you're not collaborating with 485 00:22:07,800 --> 00:22:13,159 Speaker 2: other people, then you're not meant to actually be in 486 00:22:13,280 --> 00:22:16,240 Speaker 2: business because it's not gonna it's not gonna work for you. 487 00:22:16,440 --> 00:22:19,480 Speaker 2: Only models that have been successful have been collaborations. There's 488 00:22:20,000 --> 00:22:23,439 Speaker 2: very few models where collaboration has not been put in place. 489 00:22:23,880 --> 00:22:26,600 Speaker 1: So that's something that vitally is important. 490 00:22:26,640 --> 00:22:29,440 Speaker 2: And like I said, that's us like we we work 491 00:22:29,520 --> 00:22:34,000 Speaker 2: together and it's not easy. Obviously you're gonna have issues, 492 00:22:34,320 --> 00:22:38,120 Speaker 2: But why would you want to start something by yourself. 493 00:22:38,359 --> 00:22:41,080 Speaker 2: Nobody wants to do anything like by themselves. It's not easy. 494 00:22:41,520 --> 00:22:44,400 Speaker 2: So if you can find people that have similar goals 495 00:22:44,800 --> 00:22:48,600 Speaker 2: and like minded people, then that's the pathway to be. 496 00:22:48,600 --> 00:22:51,960 Speaker 3: Successful, and I think I think even in our community 497 00:22:52,000 --> 00:22:54,200 Speaker 3: it's something that we we still have to remind each 498 00:22:54,200 --> 00:22:57,800 Speaker 3: other about, which is kind of like alarming. Right, you 499 00:22:57,800 --> 00:22:59,679 Speaker 3: should shot black, you should shot black. Where in other 500 00:22:59,680 --> 00:23:04,000 Speaker 3: communit it's a given, it's a standard, right, Like if 501 00:23:04,240 --> 00:23:06,480 Speaker 3: I'm come from the Jewish community and I'm probably gonna 502 00:23:06,520 --> 00:23:09,560 Speaker 3: have a Jewish dentist, a Jewish doctor, a Jewish lawyer. 503 00:23:09,840 --> 00:23:14,040 Speaker 3: These things are standards, right, Like we the essentials, these 504 00:23:14,040 --> 00:23:16,560 Speaker 3: are the essential things. But we have to remind ourselves. 505 00:23:16,560 --> 00:23:19,840 Speaker 3: We're so giving and so naive it to a certain 506 00:23:19,840 --> 00:23:23,240 Speaker 3: extent that we'll go out and find every other culture 507 00:23:23,280 --> 00:23:25,840 Speaker 3: outside of ourselves to do business with. 508 00:23:26,200 --> 00:23:27,520 Speaker 1: And so even having to remind it. 509 00:23:27,520 --> 00:23:29,840 Speaker 3: That's why I said, I want to challenge everybody, especially 510 00:23:30,080 --> 00:23:31,879 Speaker 3: in the next five to ten years, that we have 511 00:23:31,920 --> 00:23:33,840 Speaker 3: to really look forward and say, all right, this should 512 00:23:33,880 --> 00:23:35,680 Speaker 3: be the standard. This is how we circulate our dollar, 513 00:23:35,880 --> 00:23:37,480 Speaker 3: this is what it looks like when we work together. 514 00:23:37,840 --> 00:23:40,200 Speaker 3: Us even being here is something that we're working together, 515 00:23:40,280 --> 00:23:42,720 Speaker 3: even with you know, Noahen, Ryan and Paul last week 516 00:23:42,720 --> 00:23:45,240 Speaker 3: we were with Puff doing his showing up for each 517 00:23:45,280 --> 00:23:48,199 Speaker 3: other in a big way. Everybody coming to invest us, 518 00:23:48,200 --> 00:23:51,480 Speaker 3: everybody here patron and both and all three of these things. 519 00:23:51,600 --> 00:23:53,439 Speaker 3: This is how we show group economics. This is how 520 00:23:53,480 --> 00:23:55,280 Speaker 3: we show when we support each other. We didn't have 521 00:23:55,320 --> 00:23:57,880 Speaker 3: to ask it. You know that there's value here, right, 522 00:23:57,960 --> 00:23:59,120 Speaker 3: You didn't have to go anywhere else. 523 00:23:59,320 --> 00:24:01,399 Speaker 1: You should do it. You should want to do it. Actually. 524 00:24:01,440 --> 00:24:03,280 Speaker 2: But then also I want to say, we really have 525 00:24:03,359 --> 00:24:09,080 Speaker 2: to educate each other the difference between consumerism, consumption and support. 526 00:24:09,320 --> 00:24:11,119 Speaker 2: So I was talking to my friend yesterday. He has 527 00:24:11,119 --> 00:24:14,240 Speaker 2: a clothing line, and he was like, a very big 528 00:24:14,359 --> 00:24:17,480 Speaker 2: NBA player wears his clothing for free. And the NBA 529 00:24:17,600 --> 00:24:19,960 Speaker 2: agent told them, like, you know, I told I don't 530 00:24:20,000 --> 00:24:23,000 Speaker 2: know why he's wearing your clothes for free. So, as 531 00:24:23,000 --> 00:24:27,080 Speaker 2: black people, we have to fully understand the difference between 532 00:24:27,560 --> 00:24:32,120 Speaker 2: consumption and support, right, meaning if we wear like if 533 00:24:32,119 --> 00:24:33,680 Speaker 2: you got a T shirt and I wear your T 534 00:24:33,800 --> 00:24:37,000 Speaker 2: shirt now, I think that you owe me from wearing 535 00:24:37,040 --> 00:24:39,359 Speaker 2: your T shirt, right, or I hold it over your 536 00:24:39,440 --> 00:24:41,600 Speaker 2: head like I did you a favor, But I. 537 00:24:41,600 --> 00:24:42,080 Speaker 1: Ain't have to. 538 00:24:42,200 --> 00:24:44,120 Speaker 2: You ain't have to do a favor to wear Rolex 539 00:24:44,720 --> 00:24:46,800 Speaker 2: or Mercedes bits. You don't have to say, hey Lucky, 540 00:24:46,800 --> 00:24:49,639 Speaker 2: I drove this car. Right, But it's like whenever we 541 00:24:49,680 --> 00:24:52,560 Speaker 2: support each other. We always look at it like it's 542 00:24:52,600 --> 00:24:56,639 Speaker 2: support transition, it's not support. Like support is a very 543 00:24:56,720 --> 00:25:00,359 Speaker 2: dangerous word right now. They can't be support, whether it's 544 00:25:00,359 --> 00:25:03,080 Speaker 2: in the form of mentorship or I introduce you to somebody, 545 00:25:03,200 --> 00:25:06,360 Speaker 2: or I go over it out of my way of 546 00:25:06,440 --> 00:25:09,359 Speaker 2: actually making a commercial for you. But everybody has to 547 00:25:09,400 --> 00:25:13,000 Speaker 2: wear clothes. So I'm making a decision to wear clothes. 548 00:25:13,040 --> 00:25:16,600 Speaker 2: If I make a decision to wear a black designer's clothes, 549 00:25:16,880 --> 00:25:19,520 Speaker 2: well that's consumption because I like the color pattern, I 550 00:25:19,600 --> 00:25:21,720 Speaker 2: like the fabric, and I'm wearing it just like I 551 00:25:21,800 --> 00:25:25,119 Speaker 2: like Nike's or I like Cardier frames. I'm not looking 552 00:25:25,160 --> 00:25:28,920 Speaker 2: at it from a standpoint of I'm supporting Cardier. Never 553 00:25:28,920 --> 00:25:31,680 Speaker 2: looked at it if I'm a standpoint of I'm supporting. 554 00:25:31,800 --> 00:25:34,280 Speaker 5: Nike or trying to further the brand. 555 00:25:34,480 --> 00:25:37,280 Speaker 2: Right, So it's like that's that's another mindset that we 556 00:25:37,280 --> 00:25:39,440 Speaker 2: have to If you go into a black restaurant, you're 557 00:25:39,440 --> 00:25:41,840 Speaker 2: going to that black restaurant because you made a conscious 558 00:25:41,840 --> 00:25:44,880 Speaker 2: decision that you were hungry and you thought that their 559 00:25:44,960 --> 00:25:49,280 Speaker 2: food was good and you should just do it and tip, 560 00:25:49,520 --> 00:25:52,919 Speaker 2: and that's it, right. But the mindset of like, well, 561 00:25:53,280 --> 00:25:57,040 Speaker 2: now you owe me because I'm supporting your business, even 562 00:25:57,119 --> 00:26:00,520 Speaker 2: if it's done with you know, a mindset of okay, 563 00:26:00,520 --> 00:26:03,520 Speaker 2: this is actually I'm supporting black business. Well that's actually 564 00:26:03,600 --> 00:26:08,760 Speaker 2: dangerous because that word support lends to charity, and charity 565 00:26:08,840 --> 00:26:11,480 Speaker 2: is something that we have to get out of. Right, 566 00:26:11,560 --> 00:26:15,560 Speaker 2: this isn't a charitable situation. It's a for profit organization, 567 00:26:15,600 --> 00:26:18,359 Speaker 2: not a nonprofit organization. When you when you go to 568 00:26:18,440 --> 00:26:21,720 Speaker 2: invest FST, you're you're paying your money because you want 569 00:26:21,760 --> 00:26:23,640 Speaker 2: to learn something and you want to be around the vibe. 570 00:26:24,080 --> 00:26:25,200 Speaker 1: And that's it. 571 00:26:25,440 --> 00:26:28,040 Speaker 2: It's not you never looked at Phil Knight like what 572 00:26:28,080 --> 00:26:29,520 Speaker 2: do you What did you do with this money that 573 00:26:29,520 --> 00:26:33,520 Speaker 2: I gave you? Right right, I better not see your 574 00:26:33,560 --> 00:26:36,320 Speaker 2: magic city. Did you give it back to the did 575 00:26:36,359 --> 00:26:39,000 Speaker 2: you give your five percent back to the neighborhood. I've 576 00:26:39,040 --> 00:26:40,879 Speaker 2: never heard it before. So that's another thing that we 577 00:26:40,920 --> 00:26:43,040 Speaker 2: got to really look at for black businesses. 578 00:26:43,359 --> 00:26:44,120 Speaker 1: Stop doing that. 579 00:26:44,680 --> 00:26:47,840 Speaker 2: Support the black business because you want to support it 580 00:26:47,920 --> 00:26:50,720 Speaker 2: because you you look to see the value in it. 581 00:26:50,760 --> 00:26:54,080 Speaker 2: Don't support it because you think that it's a charitable organization. 582 00:26:54,359 --> 00:26:56,920 Speaker 2: Because when you when you do that, then you're gonna 583 00:26:56,920 --> 00:26:59,120 Speaker 2: look at it like it's a church where it's like, Okay, 584 00:26:59,200 --> 00:27:02,879 Speaker 2: now I'm gonna scrutinize you, I'm gonna keep tabs on you, 585 00:27:02,960 --> 00:27:05,840 Speaker 2: I'm gonna make sure that you do everything right. And 586 00:27:05,880 --> 00:27:07,840 Speaker 2: we don't do that for any other organization in the 587 00:27:07,840 --> 00:27:08,880 Speaker 2: world except for black. 588 00:27:08,680 --> 00:27:09,640 Speaker 1: Businesses and the rest. 589 00:27:10,200 --> 00:27:13,040 Speaker 3: The restaurant thing is a perfect example, right, Like, we 590 00:27:13,080 --> 00:27:15,760 Speaker 3: can go to a black restaurant just because we, I 591 00:27:15,760 --> 00:27:19,400 Speaker 3: guess want to support and let the food come out cold. Right, 592 00:27:19,440 --> 00:27:21,719 Speaker 3: we're writing with terrible views, we're never going back, But 593 00:27:21,760 --> 00:27:23,800 Speaker 3: when we go to McDonald's and the fries come out cold, 594 00:27:24,160 --> 00:27:26,080 Speaker 3: we're like, all right, we're gonna be back next week 595 00:27:26,119 --> 00:27:27,680 Speaker 3: and our kids are hungry. We don't hold each other 596 00:27:27,680 --> 00:27:29,520 Speaker 3: to the same they don't hold corporate to the same standard, 597 00:27:29,680 --> 00:27:31,439 Speaker 3: and so we got to keep that in mind, right, Like, 598 00:27:31,520 --> 00:27:34,000 Speaker 3: have grace the same way you would have for McDonald's 599 00:27:34,080 --> 00:27:36,520 Speaker 3: or any other company or fry or wherever you patron 600 00:27:36,560 --> 00:27:38,560 Speaker 3: that have the same grace, have the same patience when 601 00:27:38,560 --> 00:27:41,199 Speaker 3: it comes to us, right, because those are franchises that 602 00:27:41,240 --> 00:27:43,639 Speaker 3: have been here for decades, right, Like a lot of 603 00:27:43,720 --> 00:27:45,919 Speaker 3: us are first generation, and so we got to have 604 00:27:46,000 --> 00:27:48,000 Speaker 3: grace for each other, even at the highest level. 605 00:27:48,040 --> 00:27:49,160 Speaker 1: I'll talk about this all the time. 606 00:27:49,560 --> 00:27:52,720 Speaker 3: The people that we've seen a sin to success, the 607 00:27:52,800 --> 00:27:56,440 Speaker 3: billionaires that we've seen, we've all seen them in our lifetime. 608 00:27:56,840 --> 00:27:57,000 Speaker 1: Right. 609 00:27:57,280 --> 00:28:00,320 Speaker 3: This isn't like something like the Walton family where oh 610 00:28:00,440 --> 00:28:03,520 Speaker 3: you read stories about that. No, we actually watched buff 611 00:28:03,520 --> 00:28:05,320 Speaker 3: do it. We watched Jay do it, we watched over 612 00:28:05,359 --> 00:28:08,640 Speaker 3: do it. We watched Tyler Perry, we watched Robert Smith, Dave. 613 00:28:09,000 --> 00:28:11,880 Speaker 3: We've watched all these things happen in our lifetime. They're 614 00:28:11,920 --> 00:28:14,320 Speaker 3: going to make mistakes. We're gonna make mistakes. We gotta 615 00:28:14,320 --> 00:28:15,960 Speaker 3: have grace for each other and patience with each other. 616 00:28:16,600 --> 00:28:19,320 Speaker 6: So basically, do you feel like when it comes to 617 00:28:19,440 --> 00:28:25,400 Speaker 6: like black businesses and basically us supporting us, that support 618 00:28:25,600 --> 00:28:27,480 Speaker 6: subconsciously turns into entitlement. 619 00:28:27,720 --> 00:28:30,879 Speaker 2: Yes, exactly, Yep, that was great. That's that's a very 620 00:28:30,920 --> 00:28:39,880 Speaker 2: good observation. In fact, button that's actually excellent. Thumb is 621 00:28:39,920 --> 00:28:43,160 Speaker 2: that our time is that really our time? That's time, 622 00:28:43,440 --> 00:28:51,120 Speaker 2: that's our time over time, she said, She says the time. Look, 623 00:28:51,160 --> 00:28:52,440 Speaker 2: we gotta we gotta do this. 624 00:28:52,640 --> 00:28:55,440 Speaker 3: We're gonna go We're running it out full ball, Josh, 625 00:28:55,440 --> 00:28:55,960 Speaker 3: were running this. 626 00:28:57,400 --> 00:29:00,040 Speaker 5: Yeah, forget that. They gotta get security. 627 00:28:59,560 --> 00:29:00,040 Speaker 4: For us. 628 00:29:01,920 --> 00:29:03,120 Speaker 1: A real, real, real quick question. 629 00:29:03,160 --> 00:29:05,240 Speaker 2: Do you feel like you guys have earned your leisure 630 00:29:05,320 --> 00:29:08,480 Speaker 2: or is that a consistent thing to continuously earn your leisure, 631 00:29:08,520 --> 00:29:11,040 Speaker 2: because you see, I'm kicking it too. It's a consistent thing. 632 00:29:11,520 --> 00:29:13,600 Speaker 2: You could never feel like you made it. Once you 633 00:29:13,640 --> 00:29:15,320 Speaker 2: feel like you made it, then that's when it all 634 00:29:15,360 --> 00:29:16,120 Speaker 2: falls apart. 635 00:29:16,400 --> 00:29:16,920 Speaker 1: So you know it. 636 00:29:16,960 --> 00:29:19,200 Speaker 2: Always gotta keep your head down, always gotta keep working. 637 00:29:19,400 --> 00:29:22,160 Speaker 2: There's always new levels. No matter what level you're at, 638 00:29:22,400 --> 00:29:24,920 Speaker 2: there's another level to go to. So I think that's 639 00:29:25,040 --> 00:29:27,360 Speaker 2: that's extremely important, and that's something that you know for 640 00:29:27,440 --> 00:29:30,240 Speaker 2: any level of life that you're in, right, I think 641 00:29:30,280 --> 00:29:34,800 Speaker 2: it's extremely important to never become satisfied and never feel 642 00:29:34,840 --> 00:29:36,920 Speaker 2: like you know you're at the top of the hill, right, 643 00:29:37,160 --> 00:29:40,280 Speaker 2: Always remain humble and always remain hungry. That's something that 644 00:29:40,320 --> 00:29:41,960 Speaker 2: we learned from the greats. Like even if you look 645 00:29:42,000 --> 00:29:44,160 Speaker 2: at Kobe, if you look at Mike, if you look 646 00:29:44,200 --> 00:29:47,400 Speaker 2: at Floyd. I saw Floyd run at in Fountain Blue. 647 00:29:47,440 --> 00:29:49,240 Speaker 2: I'll never forget. A couple of years ago, I was 648 00:29:49,280 --> 00:29:51,600 Speaker 2: in Fountain Blue. I was driving, it was twelve o'clock 649 00:29:51,600 --> 00:29:53,440 Speaker 2: at night, I was going back to change, was going out, 650 00:29:53,480 --> 00:29:55,880 Speaker 2: and I saw him running by himself in the middle 651 00:29:55,920 --> 00:29:58,800 Speaker 2: of Fountain Blue Hot on the highway, and he wasn't 652 00:29:58,840 --> 00:29:59,640 Speaker 2: training for a fight. 653 00:30:00,120 --> 00:30:02,160 Speaker 1: And this is what you don't see. You're see him 654 00:30:02,200 --> 00:30:03,960 Speaker 1: with the eighteen million dollar watch. 655 00:30:03,960 --> 00:30:05,400 Speaker 2: You see him with the yacht, but you don't see 656 00:30:05,520 --> 00:30:08,000 Speaker 2: like because he's been fighting since he was five years old. 657 00:30:08,240 --> 00:30:12,640 Speaker 2: It's winners have habits, right. How you do one thing 658 00:30:12,720 --> 00:30:14,400 Speaker 2: is how you do everything right. So it's like I 659 00:30:14,800 --> 00:30:16,440 Speaker 2: when I saw that, I gained the whole new level 660 00:30:16,440 --> 00:30:17,880 Speaker 2: of respect for him because it was like there was 661 00:30:17,880 --> 00:30:20,040 Speaker 2: no cameras around, there was no hype man, there was 662 00:30:20,040 --> 00:30:22,720 Speaker 2: no fight coming up, but he was running at twelve 663 00:30:22,720 --> 00:30:25,920 Speaker 2: o'clock at night because he understands that that's the level 664 00:30:25,960 --> 00:30:28,280 Speaker 2: of dedication and determination that it took for him to 665 00:30:28,320 --> 00:30:31,360 Speaker 2: get there, and he never wants to lose that. So 666 00:30:31,640 --> 00:30:34,440 Speaker 2: I just encourage everybody to just make sure that when 667 00:30:34,520 --> 00:30:37,160 Speaker 2: you reach success, understand that you're still at the bottom. 668 00:30:37,480 --> 00:30:39,000 Speaker 2: Like that's how we look at it, Like no matter 669 00:30:39,000 --> 00:30:40,800 Speaker 2: how high you are, you still at the bottom. 670 00:30:41,080 --> 00:30:41,880 Speaker 1: You got to keep going. 671 00:30:42,200 --> 00:30:46,959 Speaker 3: I'll just quickly add that Kobe, like errlisia is a 672 00:30:46,960 --> 00:30:49,800 Speaker 3: phrase that really just means this levels to freedom. 673 00:30:50,040 --> 00:30:51,880 Speaker 1: There's a NonStop pursuit of freedom. 674 00:30:52,440 --> 00:30:54,320 Speaker 3: And Kobe said this prior to his pass and he 675 00:30:54,440 --> 00:30:58,800 Speaker 3: was like, post his career, if he's remembered for playing basketball, 676 00:30:58,800 --> 00:31:00,680 Speaker 3: then he's filled that life. 677 00:31:01,160 --> 00:31:04,840 Speaker 1: And I was like, wow, he's still in pursuit of greatness. 678 00:31:04,840 --> 00:31:07,520 Speaker 3: So, whether that was going into film, whether that was 679 00:31:07,520 --> 00:31:10,600 Speaker 3: going into creating academies, where it was going into education, 680 00:31:10,960 --> 00:31:12,800 Speaker 3: there was still pursuits, there was still goals, there was 681 00:31:12,800 --> 00:31:15,600 Speaker 3: still the chasing pursuit of that leisure, that freedom, And. 682 00:31:15,480 --> 00:31:17,200 Speaker 1: So that's kind of how the mindset is. 683 00:31:17,080 --> 00:31:19,200 Speaker 3: There's always a new obstacle, there's always a new challenge, 684 00:31:19,280 --> 00:31:20,800 Speaker 3: and we're always going to attack it that way. 685 00:31:21,520 --> 00:31:23,760 Speaker 1: Big shouts out to ear your leisure, big shots. 686 00:31:29,600 --> 00:31:30,320 Speaker 5: Biggest ever. 687 00:31:30,800 --> 00:31:35,720 Speaker 4: That's a FACTI E Y L big facts. 688 00:31:36,320 --> 00:31:39,280 Speaker 1: It's big facts, No captain, bitch,