Speaker 1: Big Bang.
Speaker 2: You don't be on nothing.
Speaker 3: I'll be on okay, So let me ask you bring
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Speaker 5: Make some noise.
Speaker 1: What's up?
Speaker 3: It's a hell of introduction, kV. I appreciate you. I
Speaker 3: love you, Atlanta. What's going on?
Speaker 1: Big Facts in the building? We have your lease in
Speaker 1: the building. Yeah yeah, dang?
Speaker 2: What up?
Speaker 1: Check chat one two one two? What's so? What's up?
Speaker 2: How everybody feeling? How everybody feeling? Makes them noise? One
Speaker 2: time Energy check.
Speaker 5: Hell, now y'all gotta do better than that. Come on,
Speaker 5: we need to turn that ship out. Let's go.
Speaker 2: Come on, big facts meets earn your leisure once again.
Speaker 2: How y'all doing fellas good? How y'all doing fresh off investments?
Speaker 2: Give it up for them? You know, I mean, an
Speaker 2: amazing job for history, for real. So we had to
Speaker 2: give everybody, you know what I'm saying, some motivation, some
Speaker 2: games of course, some wisdom. How did the financial literacy
Speaker 2: space start for you guys? Let's start there? Boys started
Speaker 2: for me. I always was interested in business, like my
Speaker 2: whole entire life, Like, I always wanted to be an entrepreneur.
Speaker 2: I didn't know exactly what area I wanted to go into,
Speaker 2: but I knew that I wanted to be an entrepreneur.
Speaker 2: I want to do business. And I used to play basketball.
Speaker 2: I thought I was going to go to the NBA.
Speaker 2: That was like my first passion. And then when that
Speaker 2: didn't work out, I went to college. When that didn't
Speaker 2: work out, I had to figure it out. So I started.
Speaker 2: I went back to home in New York, and I
Speaker 2: started a career as a financial advisor and I was
Speaker 2: helping people. He was actually my first client, I sold
Speaker 2: them life insurance. So I was selling life insurance and
Speaker 2: college savings plans and investing people's money. And I was
Speaker 2: doing that when I was like twenty four years old.
Speaker 2: So that for me was the origin story as far
Speaker 2: as like how it started for me personally.
Speaker 3: Yeah, for me, it really started with trying to help
Speaker 3: kids learn about money. Because you are a teacher, a GGA.
Speaker 3: I was a teacher in the Bronx for eight years.
Speaker 3: And really, I mean, if you've been in public school,
Speaker 3: you know a lot of stuff that's being taught really
Speaker 3: isn't gonna be applied.
Speaker 1: And yeah, somebody said, right, yeah, for sure.
Speaker 3: And I had an opportunity to have a group of
Speaker 3: kids in the summer and we were giving them internships
Speaker 3: and based on how they performed in that internship, we
Speaker 3: were going to pay them.
Speaker 1: Okay, So I figured, this is perfect.
Speaker 3: If we're going to pay them, this is the opportunity
Speaker 3: to teach them about money. Like you said, at the
Speaker 3: same time he was starting his career as a financial advisor.
Speaker 1: I was like, this is great.
Speaker 3: We should start teaching kids about money because if they
Speaker 3: learn it now at fourteen fifteen, where would they be
Speaker 3: at nineteen twenty thirty, and so their future trajectory became
Speaker 3: the goal, like, we're going to make sure that kids
Speaker 3: learn about money because we didn't get that in school.
Speaker 3: And so we started doing that, and then he had
Speaker 3: the brilliant idea to start recording those classrooms.
Speaker 1: I was like, this is great. Everybody would see what
Speaker 1: we were doing.
Speaker 3: Parents would hear about it, and they were like, I
Speaker 3: want my kid to have that. How do we get
Speaker 3: that in Atlanta? How do I get that in Newark?
Speaker 3: How do I get it in Chicago? And so my
Speaker 3: vision was I need to figure out how to scale this,
Speaker 3: to make this something that's just not local to my community,
Speaker 3: but something that everybody could have.
Speaker 1: And I couldn't really figure it out.
Speaker 3: I was trying to get it from school to school,
Speaker 3: and He's just like, you know what, social media is
Speaker 3: going to be the way. So he started recording the
Speaker 3: classrooms and that started his social media campaign with like
Speaker 3: he said, he wanted to be a financial advisor, like
Speaker 3: a superstar one his brilliant idea. His dedication to social
Speaker 3: media really sparked it. Because I'm sitting here like, all right,
Speaker 3: this is it, this is what we do. He's like, Nah,
Speaker 3: social media is going to be a way. Those clips
Speaker 3: led to him doing interviews. Those interviews people led to
Speaker 3: people wanted more content, and so they thought he had
Speaker 3: a show. The whole time, they were like, yo, where's
Speaker 3: the show, Where's the rest of the episode.
Speaker 1: And so one day he was like, look, you want
Speaker 1: to start a podcast.
Speaker 3: And at the time we hadn't listened to any podcast
Speaker 3: We didn't really know any podcasts. But this is my brother.
Speaker 3: So if he has an idea, I'm like, let's support it.
Speaker 3: He said let's start a show. I'm like, all right,
Speaker 3: let's do it. And we went off in the run
Speaker 3: it early Leisure.
Speaker 6: So look, let me ask you this, at what point
Speaker 6: in your life did you realize that the things that
Speaker 6: you were learning and also teaching about financial literacy could
Speaker 6: effectively change your life forever.
Speaker 3: I mean I learned it early. I'm you know, my
Speaker 3: mom used to call me inquisitive. I had no idea
Speaker 3: what that meant until years later. I was always asking questions.
Speaker 3: I knew about money, but I never had conversations about it.
Speaker 3: And this is one of those things about being around
Speaker 3: your peers. And so Michalle was an entrepreneur or the
Speaker 3: partner Mike was an entrepreneur. They had a skill that
Speaker 3: I didn't have, and they could talk about experiences that
Speaker 3: I didn't understand, right because I was doing a nine
Speaker 3: to five and so I was looking at like, man,
Speaker 3: they have certain freedoms that I would love to have
Speaker 3: even though I'm inside of the system of the nine
Speaker 3: to five work.
Speaker 1: And so I started teaching myself. They started having conversations.
Speaker 3: I never forget there was a conversation that they had
Speaker 3: right after I graduated about this book called Rich Dad,
Speaker 3: Poor Dad, that they had ready. I'm sitting there like, damn,
Speaker 3: I got nothing to add to the conversation. I haven't
Speaker 3: read it. And I went home that night. I'm like,
Speaker 3: this is the last time that anybody's gonna have a
Speaker 3: conversation around money, and I can't add value to the conversation.
Speaker 3: So I made it my point to that day start reading,
Speaker 3: start reading real estate stocks, everything I could do to
Speaker 3: add to conversations. I was like, Yeah, this is what
Speaker 3: I'm gonna do because I never want I have that
Speaker 3: feeling again, Right, bron, Really, what you think the big
Speaker 3: what y'all think the biggest like disconnect between our people
Speaker 3: and the paper, Like what's the biggest disconnect.
Speaker 2: Sexy Red, I think the biggest disconnect, The biggest disconnect
Speaker 2: is just the mindset, honestly, Like I feel like, you
Speaker 2: know where we come from. We come from a working
Speaker 2: class environment where it was like, you know, your parents
Speaker 2: might not have had every single thing, but they had
Speaker 2: a vision for you what they wanted you to do.
Speaker 2: Like so it was like the goal was for you
Speaker 2: to do good in school and then go to college
Speaker 2: and get a college degree and then get a good job,
Speaker 2: like you know what I mean. That's something that they
Speaker 2: might not have ever had the opportunity to do. So
Speaker 2: that was like really pushed, Like that was something that
Speaker 2: was like the normal in our neighborhood. Like if you
Speaker 2: became a sanitation worker, you hit the lottery what I mean,
Speaker 2: because that was like a very good job where you
Speaker 2: had been and then you could work for twenty thirty
Speaker 2: years and then you can retire, you get a pension.
Speaker 2: This is the kind of mindset that we grew up with.
Speaker 2: So I feel like we never really even thought it
Speaker 2: was achievable to be an entrepreneur. We never thought about
Speaker 2: we can own real estate and invest in stocks, Like
Speaker 2: it wasn't something that was even a thought because it
Speaker 2: wasn't passed down to us generation generation jobs was passed
Speaker 2: down to us. Like that, that mentality, so the mentality
Speaker 2: of not understanding the flow of money and looking at
Speaker 2: it from a scarcity standpoint of like, all right, I
Speaker 2: get money, I'm a hoarded I'm scared. I'm not gonna
Speaker 2: invest money. I'm not gonna do anything like I just
Speaker 2: want to just make money and just go on vacation
Speaker 2: once a year and then just put money in the
Speaker 2: bank and that's it. And that's not a pathway to wealth. Well,
Speaker 2: I like the crazy thing is like the people with
Speaker 2: the most money, like they're the most radical, they'll put
Speaker 2: money in bitcoin, they put money in this that because
Speaker 2: they understand it's like a frisbee. Money's not meant to
Speaker 2: just be hoarded. It's meant to actually go out right
Speaker 2: like the exactly. So I don't think people fully understand that,
Speaker 2: and that's what keeps a lot of people what I
Speaker 2: call like a middle class mindset, whereas you know, you
Speaker 2: kind of like systematic, like a robot pretty much, you
Speaker 2: wake up, you go to lunch, you go to work,
Speaker 2: come home, and before you know it, it's like thirty
Speaker 2: years of your life has fast and that's all you
Speaker 2: have done.
Speaker 5: Because assembly line.
Speaker 2: Yeah, so it's like but like I said, but that's
Speaker 2: actually even goes back to the education system.
Speaker 1: That's what we was taught to do.
Speaker 2: If you think about it, from the time that you
Speaker 2: go to school, you have seven o'clock checking, then you
Speaker 2: got your twelve o'clock lunch break, you go to gym.
Speaker 1: It's all's planned for you.
Speaker 2: So for the time you're like eight years old, to
Speaker 2: the time that you're twenty two years old, you've been
Speaker 2: doing that same program every single day, the repetition. You
Speaker 2: might get a week off for Christmas, you get a
Speaker 2: couple months off for the summer, so you're you're.
Speaker 1: Trained like that. Like what I mean.
Speaker 2: So, I feel like a lot of our people were
Speaker 2: never even considering, you know, finance your freedom as an option,
Speaker 2: never even thought about it.
Speaker 1: So now now that we have the.
Speaker 2: Internet, now that we have different examples, now that we
Speaker 2: provide information, I think that that mindset is starting to change,
Speaker 2: and now people are starting to understand, Okay, maybe I
Speaker 2: should take this risk, so I can do this, so
Speaker 2: I don't have to work a regular job for fifty years.
Speaker 2: If you want to you can, but there's different options
Speaker 2: for you. So I think just understanding how money works
Speaker 2: in the mindset around money is something that we have
Speaker 2: never really you know, fully understood and you used sexy read.
Speaker 3: But the music pays a part in that too, right,
Speaker 3: So we didn't learn financial intelligence just from school, like
Speaker 3: sometimes we learned it from music, and it might not
Speaker 3: always be the best thing. So like I'm thinking, like
Speaker 3: I'm listening to music in the nineties and they're telling me, Yo,
Speaker 3: you need to put your money under the mattress, you
Speaker 3: need to put your money in the mailbox or in
Speaker 3: a shoe box. Until you become an adult and you
Speaker 3: realize when you got that money, that was never money
Speaker 3: that was banged. And so if you need a loan
Speaker 3: from the bank, they're gonna be like, where did the
Speaker 3: income come from? So like, these are the thing that
Speaker 3: these myths and these this mindset that we try to
Speaker 3: break right now, because we know that once you pass
Speaker 3: this hurdle, there's another one, right from a financial standpoint,
Speaker 3: So if we get those hurdles out the way early
Speaker 3: and we teach the young people early, right, they won't
Speaker 3: have these barriers to face, right, There'll be other barriers,
Speaker 3: but they won't have these ones that are very simple
Speaker 3: that we can correct right now.
Speaker 1: But then also, like.
Speaker 2: Art is very important in this equation because like, growing up,
Speaker 2: we all wanted to be like Jay and he was
Speaker 2: a major inspiration and he still is. So when we
Speaker 2: was like twelve years old, fourteen years old, we listened
Speaker 2: to Jay and the way that he's talking. He's like,
Speaker 2: change is cooler, cop, but more important as lawyer fees.
Speaker 2: Like that was putting something in our brain on he
Speaker 2: was like, I'm raping def jam till I'm one hundred
Speaker 2: million man.
Speaker 1: It was like he was giving us.
Speaker 2: He wasn't giving us direct information, but the way he
Speaker 2: was talking, even when he was like in ninety six,
Speaker 2: He's like, y'all dumping through the sauce. I read the
Speaker 2: Rob Report. I didn't know what the rob report was,
Speaker 2: but that made me. I'm like, what's the Rob Report.
Speaker 2: I'm like, oh, this is where they got yachts and
Speaker 2: boats and watches and his way of thinking.
Speaker 1: Yeah, exactly.
Speaker 2: So that is important because I feel like a lot
Speaker 2: of times people say, well, I'm just rapping about my
Speaker 2: environment or but problem with that is that you're just
Speaker 2: gonna always stay in your environment. Right, there's no evolution
Speaker 2: exactly because people do imitate music.
Speaker 1: The idea of like, well.
Speaker 2: I'm not a role model, it's not really true because
Speaker 2: they were my role models, so I know firsthand that's
Speaker 2: who I was looking up to.
Speaker 1: I was looking up to the artists and the musicians.
Speaker 2: So if I was listening to other rappers, then we
Speaker 2: might not even be here right now right. Fortunately, we
Speaker 2: had guidance in the music that it wasn't perfect. There
Speaker 2: was a lot of issues with even these people that
Speaker 2: we was listening to, but it led us on a
Speaker 2: path where we can actually have some level of aspiration,
Speaker 2: like an inspiration that we wanted to aspire to. It
Speaker 2: wasn't just just gang culture and drugs and stuff like that.
Speaker 2: It was like more things that we didn't have that
Speaker 2: we wanted to obtain. So I just wanted to say
Speaker 2: that because we're in Atlanta, So it's like, obviously Atlanta
Speaker 2: is the mecca of music. But that's a major part
Speaker 2: in the financial literacy thing, and even when you're looking
Speaker 2: at he's a real reason why even we're able to
Speaker 2: be here right now right Like the marathon and black
Speaker 2: entrepreneurship and all of the stuff that he was talking
Speaker 2: about that helped the minds ross these people like this,
Speaker 2: like what they talk about in their music. It helped
Speaker 2: people more receptive to our message, right, because now when
Speaker 2: you hand about wingstop, you hand about entrepreneurship, you're hand
Speaker 2: about investing, it's like, okay, you starting to get it.
Speaker 2: They don't tell you enough information where you like fully
Speaker 2: know it, but at least they opened your mind to
Speaker 2: be receptive to it. And then we could come in
Speaker 2: and then provide like detailed information where you can actually,
Speaker 2: you know, start implementing things.
Speaker 1: That goes back to your question of that journey.
Speaker 3: And so very early on we knew that the music
Speaker 3: was something that we could use to grab the audience
Speaker 3: in right right. And so the first lesson that I
Speaker 3: ever wrote on financial literacy was Jay and it was
Speaker 3: as an adult, but I heard that lyric when I
Speaker 3: was sixteen years old. He said all black Scott is
Speaker 3: sports and entertainment until we even I'm like, damn when
Speaker 3: I started thinking about it. That's pretty profound because when
Speaker 3: we look at all the people we associate with success,
Speaker 3: they come from those two fields entertainment or sports. We
Speaker 3: don't know anything about any entrepreneurs. We didn't know anything
Speaker 3: about people in business. We didn't know about anybody in
Speaker 3: real estate or natural resources. It was just those two things.
Speaker 3: And so if those are the only two things we
Speaker 3: ever see and we're not one of those two things,
Speaker 3: what value do we have on our life? And so
Speaker 3: that was our mission. It was like, all right, well,
Speaker 3: we're going to show these kids that there's so many
Speaker 3: other things you can be that has value. But let's
Speaker 3: get adults that are doing it right now the highlight
Speaker 3: to our public. And so that one line sparked me
Speaker 3: to say, all right, well, who are the people that
Speaker 3: have value? Who are the wealthiest people on the planet.
Speaker 3: None of them, when I looked it up, none of
Speaker 3: them came for sports and entertainment, and seven of them
Speaker 3: didn't even come from America. So now was a lesson
Speaker 3: a right, well, we need to explore the economy from
Speaker 3: just a domestic standpoint to now an international one. Wow,
Speaker 3: we got seven billionaires in Africa that we've never spoken about.
Speaker 3: That's not going to be in your history book, that's
Speaker 3: not in your textbook. But now we have an opportunity
Speaker 3: to teach you about that and teach you how to
Speaker 3: got it. From natural resources and teach you how to
Speaker 3: got it from cement and electricity. But all these things
Speaker 3: will never be taught in school, right, So it goes
Speaker 3: back to the mission. Hip hop started because we were
Speaker 3: able to decode And my brother told me this the
Speaker 3: other day, was like, you keep saying that y'all were
Speaker 3: able to decode music, but that's not a natural skill,
Speaker 3: that's a God given skill. The fact that we were
Speaker 3: able to do it at the same time helped us
Speaker 3: again decode business. So now when I hear lyrics and
Speaker 3: I can explain it to my friends, I can also
Speaker 3: hear CNBC and read the Wall Street Journal and explain
Speaker 3: it to my community.
Speaker 1: You know what I'm saying.
Speaker 6: So let me ask you this from a financial and
Speaker 6: from an entrepreneurial stand point, what would be the most
Speaker 6: important gym that you would give an adults to put
Speaker 6: themselves on a path to passive income.
Speaker 2: Well, I think that the most important thing that you
Speaker 2: So it's a few different things I want to do.
Speaker 1: You have to educate yourself, that's important.
Speaker 2: So like for me personally, my education, my real education
Speaker 2: started with I read a book called Bridge Dad, Poor Dad,
Speaker 2: and I read that when I was like eighteen years old,
Speaker 2: and that helped me understand finance is a lot better.
Speaker 2: And then from there it's just you know, digging down
Speaker 2: a rabbit hole of different videos and different books and
Speaker 2: literature and going to different events. But I feel like
Speaker 2: a lot of times people don't want to educate themselves.
Speaker 5: Right.
Speaker 2: You can't rely on somebody else to educate you. It's
Speaker 2: your responsibility to educate yourself. So as far as when
Speaker 2: you're looking at you ask the question about passive income,
Speaker 2: I'm going to talk about investing, but it's extremely dangerous
Speaker 2: to start investing if you're not educated. Yeah, facts, right,
Speaker 2: that happens a lot, Like the podcast, that happens a lot,
Speaker 2: and that's when you you make mistakes and you lose money,
Speaker 2: and that could discourage you. So the first thing that
Speaker 2: you have to do is really really educate yourself, right,
Speaker 2: and then from there, you know, there's different ways to
Speaker 2: go about it. I think the three biggest ways that
Speaker 2: you should be investing is stocks. We talk about stocks
Speaker 2: a lot. We have a whole show devoted to stocks.
Speaker 2: That's important because everybody is not meant to be a
Speaker 2: business owner, but everybody can own a business. So you
Speaker 2: can own a business by investing in publicly traded companies,
Speaker 2: which is own the stock market, Apple, Microsoft, Google. These
Speaker 2: are all companies that everybody knows, everybody's familiar with, and
Speaker 2: if you invest in their stock, now you're a part
Speaker 2: owner in their company. Right, So that's one way to
Speaker 2: go about it. Of course, real estate is forever, and
Speaker 2: you always have to live somewhere, So that's something that
Speaker 2: at the very least you should You should start with
Speaker 2: the place that you live, right, try to try to
Speaker 2: own where you actually are living, and then from there
Speaker 2: grow multi family homes and you can have an apartment
Speaker 2: rented out and airbnb. There's different opportunities on the real
Speaker 2: estate side, but I think that real estate is something
Speaker 2: that over the course of time, real estate has always
Speaker 2: gone up, and if you're living in a place like Atlanta,
Speaker 2: it's going to continue to go up. Right, Like, I
Speaker 2: don't see Atlanta real estate dropping in the next ten years.
Speaker 2: That's almost impossible. So real estate is something that you
Speaker 2: should do now. One of the things that you can
Speaker 2: do too, is work in collaboration with other people. A
Speaker 2: lot of people get discouraged because it's like they don't
Speaker 2: have enough time, they don't have enough energy. And it's
Speaker 2: like I read a book and it was years ago
Speaker 2: and it was like one of the keys to success
Speaker 2: is collaboration. It's like a mastermind approach really if you
Speaker 2: think about it, because if you work with two three people,
Speaker 2: now it's like a superhuman, right, because now you're using
Speaker 2: three different people's expertise, Like even what we do, Like
Speaker 2: there's things that he's good at that I don't know.
Speaker 2: There's things that I'm good at that he doesn't know.
Speaker 2: We have another partner. So when you're investing in real estate,
Speaker 2: you should look at it from a team perspective, right,
Speaker 2: Like I'm gonna get two three people. I don't have
Speaker 2: time to do every single thing myself, but another person
Speaker 2: might have time to actually go to the property. Another
Speaker 2: person might have time to actually look and see what
Speaker 2: needs renovation and talk to the contract and then we
Speaker 2: can all pull our money together. So I might only
Speaker 2: have five thousand, but if three of us have fifteen thousand,
Speaker 2: that's better. Well I might have ten thousand, but if
Speaker 2: three of us have thirty thousand, that's better. So group
Speaker 2: economics is extremely important from a real estate perspective for sure.
Speaker 2: And then the last one is business. I feel like,
Speaker 2: you know, business is important and there's multiple different types
Speaker 2: of businesses. You guys are business owners, we're business owners.
Speaker 2: I feel like it's never been easier to start a
Speaker 2: business now, like with everything that's happening online, social media
Speaker 2: technology has empowered everybody to start businesses for low entry
Speaker 2: and whatever the business is, you have an opportunity. So
Speaker 2: business is very, very important I think in not just
Speaker 2: our community but the world, but it's especially our community.
Speaker 2: For a variety of different reasons, always encourage people to
Speaker 2: be business owners. But yeah, I mean those those are
Speaker 2: three I think cornerstones of what we call passive income.
Speaker 2: But even passive income is not really passive because you
Speaker 2: still have to do work. Even if you own a home,
Speaker 2: like theoretically it's passive income, but you got to check
Speaker 2: on the tenants. You got to make sure that you
Speaker 2: have a property manager in place, You got to make
Speaker 2: sure that the grass is being cut. You gotta you know,
Speaker 2: so you know, you still want to run that like
Speaker 2: a business, right. You never want to get into the
Speaker 2: point where you're just looking at it like all right,
Speaker 2: I just invested in something. I'm just going to just
Speaker 2: sit in the Bahamas and just collect checks like that
Speaker 2: might come later on, but when you in the beginning
Speaker 2: prepare be prepared to work. That's that's important.
Speaker 3: I just want to touch on the part about business
Speaker 3: because it's a conversation that we'll had and I'm sure
Speaker 3: we've had and I'm sure that shot is going to
Speaker 3: touch on it as well. But we need to really
Speaker 3: challenge ourselves to invest in businesses that are scalable, right,
Speaker 3: and so in.
Speaker 5: Our community speak on it.
Speaker 3: Historically, we have the same type of businesses we're gonna
Speaker 3: do the barbershop, the hair salon, in the restaurant.
Speaker 1: Those are three and.
Speaker 3: They're great businesses, right, But when you get inside of
Speaker 3: these businesses, it's tough to scale them, to replicate them.
Speaker 3: And in fact, what you do is you end up
Speaker 3: working for your business and you're an employee for your business.
Speaker 3: And so in the age of technology and especially where
Speaker 3: we're headed in the next five years, we just came
Speaker 3: from a summit in California where they're talking about artificial intelligence,
Speaker 3: you're going to have to figure out how to scale
Speaker 3: and how to have a skill that can scale. And
Speaker 3: so rather than you know, trying to run away from
Speaker 3: what's ahead of us, like you said, we need to
Speaker 3: educate ourselves to create businesses, collaborate with each other, to have.
Speaker 1: A model that's scalable.
Speaker 3: So now that you know it's something that can exist here,
Speaker 3: it can exist in New York, it can exist in Africa,
Speaker 3: it exists in London. And if not, we're going to
Speaker 3: stay in the same segment, right because we can help
Speaker 3: our families, we can maybe help our employees. But I
Speaker 3: want to challenge us to create businesses that can change
Speaker 3: the world. Like that should be our goal. We've done
Speaker 3: this model for long enough. Let's do something that's progressive
Speaker 3: enough to say, all right, I can help a thousand,
Speaker 3: a million lives, a billion lives.
Speaker 6: Okay, and I want to I'm not trying to cut
Speaker 6: anybody else off, but I wanted to ask you a question.
Speaker 6: You were just speaking on group economics, and in your opinion,
Speaker 6: do you think that the whole group economics theory is
Speaker 6: why other races such as Asians and Jewish people are
Speaker 6: so successful.
Speaker 1: Yeah, for sure.
Speaker 2: You only you can only go so far by yourself, right,
Speaker 2: and people usually feel more comfortable with people that they
Speaker 2: have similarities with. So it's like, you know, if you're Asian,
Speaker 2: it would make sense that you would do business with
Speaker 2: people that you know come from the same exact country
Speaker 2: that you could. You have the same dialect, you eat
Speaker 2: the same food, you have the same religion. It makes sense.
Speaker 2: So it's extremely important that you work with people that
Speaker 2: you have similarities with. And that's just like a no brainer.
Speaker 2: That's something that's that should be something that we shouldn't
Speaker 2: even really even have to fully explain at this point.
Speaker 2: I feel like if you don't understand at this point
Speaker 2: that you're making a mistake, if you're not collaborating with
Speaker 2: other people, then you're not meant to actually be in
Speaker 2: business because it's not gonna it's not gonna work for you.
Speaker 2: Only models that have been successful have been collaborations. There's
Speaker 2: very few models where collaboration has not been put in place.
Speaker 1: So that's something that vitally is important.
Speaker 2: And like I said, that's us like we we work
Speaker 2: together and it's not easy. Obviously you're gonna have issues,
Speaker 2: But why would you want to start something by yourself.
Speaker 2: Nobody wants to do anything like by themselves. It's not easy.
Speaker 2: So if you can find people that have similar goals
Speaker 2: and like minded people, then that's the pathway to be.
Speaker 3: Successful, and I think I think even in our community
Speaker 3: it's something that we we still have to remind each
Speaker 3: other about, which is kind of like alarming. Right, you
Speaker 3: should shot black, you should shot black. Where in other
Speaker 3: communit it's a given, it's a standard, right, Like if
Speaker 3: I'm come from the Jewish community and I'm probably gonna
Speaker 3: have a Jewish dentist, a Jewish doctor, a Jewish lawyer.
Speaker 3: These things are standards, right, Like we the essentials, these
Speaker 3: are the essential things. But we have to remind ourselves.
Speaker 3: We're so giving and so naive it to a certain
Speaker 3: extent that we'll go out and find every other culture
Speaker 3: outside of ourselves to do business with.
Speaker 1: And so even having to remind it.
Speaker 3: That's why I said, I want to challenge everybody, especially
Speaker 3: in the next five to ten years, that we have
Speaker 3: to really look forward and say, all right, this should
Speaker 3: be the standard. This is how we circulate our dollar,
Speaker 3: this is what it looks like when we work together.
Speaker 3: Us even being here is something that we're working together,
Speaker 3: even with you know, Noahen, Ryan and Paul last week
Speaker 3: we were with Puff doing his showing up for each
Speaker 3: other in a big way. Everybody coming to invest us,
Speaker 3: everybody here patron and both and all three of these things.
Speaker 3: This is how we show group economics. This is how
Speaker 3: we show when we support each other. We didn't have
Speaker 3: to ask it. You know that there's value here, right,
Speaker 3: You didn't have to go anywhere else.
Speaker 1: You should do it. You should want to do it. Actually.
Speaker 2: But then also I want to say, we really have
Speaker 2: to educate each other the difference between consumerism, consumption and support.
Speaker 2: So I was talking to my friend yesterday. He has
Speaker 2: a clothing line, and he was like, a very big
Speaker 2: NBA player wears his clothing for free. And the NBA
Speaker 2: agent told them, like, you know, I told I don't
Speaker 2: know why he's wearing your clothes for free. So, as
Speaker 2: black people, we have to fully understand the difference between
Speaker 2: consumption and support, right, meaning if we wear like if
Speaker 2: you got a T shirt and I wear your T
Speaker 2: shirt now, I think that you owe me from wearing
Speaker 2: your T shirt, right, or I hold it over your
Speaker 2: head like I did you a favor, But I.
Speaker 1: Ain't have to.
Speaker 2: You ain't have to do a favor to wear Rolex
Speaker 2: or Mercedes bits. You don't have to say, hey Lucky,
Speaker 2: I drove this car. Right, But it's like whenever we
Speaker 2: support each other. We always look at it like it's
Speaker 2: support transition, it's not support. Like support is a very
Speaker 2: dangerous word right now. They can't be support, whether it's
Speaker 2: in the form of mentorship or I introduce you to somebody,
Speaker 2: or I go over it out of my way of
Speaker 2: actually making a commercial for you. But everybody has to
Speaker 2: wear clothes. So I'm making a decision to wear clothes.
Speaker 2: If I make a decision to wear a black designer's clothes,
Speaker 2: well that's consumption because I like the color pattern, I
Speaker 2: like the fabric, and I'm wearing it just like I
Speaker 2: like Nike's or I like Cardier frames. I'm not looking
Speaker 2: at it from a standpoint of I'm supporting Cardier. Never
Speaker 2: looked at it if I'm a standpoint of I'm supporting.
Speaker 5: Nike or trying to further the brand.
Speaker 2: Right, So it's like that's that's another mindset that we
Speaker 2: have to If you go into a black restaurant, you're
Speaker 2: going to that black restaurant because you made a conscious
Speaker 2: decision that you were hungry and you thought that their
Speaker 2: food was good and you should just do it and tip,
Speaker 2: and that's it, right. But the mindset of like, well,
Speaker 2: now you owe me because I'm supporting your business, even
Speaker 2: if it's done with you know, a mindset of okay,
Speaker 2: this is actually I'm supporting black business. Well that's actually
Speaker 2: dangerous because that word support lends to charity, and charity
Speaker 2: is something that we have to get out of. Right,
Speaker 2: this isn't a charitable situation. It's a for profit organization,
Speaker 2: not a nonprofit organization. When you when you go to
Speaker 2: invest FST, you're you're paying your money because you want
Speaker 2: to learn something and you want to be around the vibe.
Speaker 1: And that's it.
Speaker 2: It's not you never looked at Phil Knight like what
Speaker 2: do you What did you do with this money that
Speaker 2: I gave you? Right right, I better not see your
Speaker 2: magic city. Did you give it back to the did
Speaker 2: you give your five percent back to the neighborhood. I've
Speaker 2: never heard it before. So that's another thing that we
Speaker 2: got to really look at for black businesses.
Speaker 1: Stop doing that.
Speaker 2: Support the black business because you want to support it
Speaker 2: because you you look to see the value in it.
Speaker 2: Don't support it because you think that it's a charitable organization.
Speaker 2: Because when you when you do that, then you're gonna
Speaker 2: look at it like it's a church where it's like, Okay,
Speaker 2: now I'm gonna scrutinize you, I'm gonna keep tabs on you,
Speaker 2: I'm gonna make sure that you do everything right. And
Speaker 2: we don't do that for any other organization in the
Speaker 2: world except for black.
Speaker 1: Businesses and the rest.
Speaker 3: The restaurant thing is a perfect example, right, Like, we
Speaker 3: can go to a black restaurant just because we, I
Speaker 3: guess want to support and let the food come out cold. Right,
Speaker 3: we're writing with terrible views, we're never going back, But
Speaker 3: when we go to McDonald's and the fries come out cold,
Speaker 3: we're like, all right, we're gonna be back next week
Speaker 3: and our kids are hungry. We don't hold each other
Speaker 3: to the same they don't hold corporate to the same standard,
Speaker 3: and so we got to keep that in mind, right, Like,
Speaker 3: have grace the same way you would have for McDonald's
Speaker 3: or any other company or fry or wherever you patron
Speaker 3: that have the same grace, have the same patience when
Speaker 3: it comes to us, right, because those are franchises that
Speaker 3: have been here for decades, right, Like a lot of
Speaker 3: us are first generation, and so we got to have
Speaker 3: grace for each other, even at the highest level.
Speaker 1: I'll talk about this all the time.
Speaker 3: The people that we've seen a sin to success, the
Speaker 3: billionaires that we've seen, we've all seen them in our lifetime.
Speaker 1: Right.
Speaker 3: This isn't like something like the Walton family where oh
Speaker 3: you read stories about that. No, we actually watched buff
Speaker 3: do it. We watched Jay do it, we watched over
Speaker 3: do it. We watched Tyler Perry, we watched Robert Smith, Dave.
Speaker 3: We've watched all these things happen in our lifetime. They're
Speaker 3: going to make mistakes. We're gonna make mistakes. We gotta
Speaker 3: have grace for each other and patience with each other.
Speaker 6: So basically, do you feel like when it comes to
Speaker 6: like black businesses and basically us supporting us, that support
Speaker 6: subconsciously turns into entitlement.
Speaker 2: Yes, exactly, Yep, that was great. That's that's a very
Speaker 2: good observation. In fact, button that's actually excellent. Thumb is
Speaker 2: that our time is that really our time? That's time,
Speaker 2: that's our time over time, she said, She says the time. Look,
Speaker 2: we gotta we gotta do this.
Speaker 3: We're gonna go We're running it out full ball, Josh,
Speaker 3: were running this.
Speaker 5: Yeah, forget that. They gotta get security.
Speaker 4: For us.
Speaker 1: A real, real, real quick question.
Speaker 2: Do you feel like you guys have earned your leisure
Speaker 2: or is that a consistent thing to continuously earn your leisure,
Speaker 2: because you see, I'm kicking it too. It's a consistent thing.
Speaker 2: You could never feel like you made it. Once you
Speaker 2: feel like you made it, then that's when it all
Speaker 2: falls apart.
Speaker 1: So you know it.
Speaker 2: Always gotta keep your head down, always gotta keep working.
Speaker 2: There's always new levels. No matter what level you're at,
Speaker 2: there's another level to go to. So I think that's
Speaker 2: that's extremely important, and that's something that you know for
Speaker 2: any level of life that you're in, right, I think
Speaker 2: it's extremely important to never become satisfied and never feel
Speaker 2: like you know you're at the top of the hill, right,
Speaker 2: Always remain humble and always remain hungry. That's something that
Speaker 2: we learned from the greats. Like even if you look
Speaker 2: at Kobe, if you look at Mike, if you look
Speaker 2: at Floyd. I saw Floyd run at in Fountain Blue.
Speaker 2: I'll never forget. A couple of years ago, I was
Speaker 2: in Fountain Blue. I was driving, it was twelve o'clock
Speaker 2: at night, I was going back to change, was going out,
Speaker 2: and I saw him running by himself in the middle
Speaker 2: of Fountain Blue Hot on the highway, and he wasn't
Speaker 2: training for a fight.
Speaker 1: And this is what you don't see. You're see him
Speaker 1: with the eighteen million dollar watch.
Speaker 2: You see him with the yacht, but you don't see
Speaker 2: like because he's been fighting since he was five years old.
Speaker 2: It's winners have habits, right. How you do one thing
Speaker 2: is how you do everything right. So it's like I
Speaker 2: when I saw that, I gained the whole new level
Speaker 2: of respect for him because it was like there was
Speaker 2: no cameras around, there was no hype man, there was
Speaker 2: no fight coming up, but he was running at twelve
Speaker 2: o'clock at night because he understands that that's the level
Speaker 2: of dedication and determination that it took for him to
Speaker 2: get there, and he never wants to lose that. So
Speaker 2: I just encourage everybody to just make sure that when
Speaker 2: you reach success, understand that you're still at the bottom.
Speaker 2: Like that's how we look at it, Like no matter
Speaker 2: how high you are, you still at the bottom.
Speaker 1: You got to keep going.
Speaker 3: I'll just quickly add that Kobe, like errlisia is a
Speaker 3: phrase that really just means this levels to freedom.
Speaker 1: There's a NonStop pursuit of freedom.
Speaker 3: And Kobe said this prior to his pass and he
Speaker 3: was like, post his career, if he's remembered for playing basketball,
Speaker 3: then he's filled that life.
Speaker 1: And I was like, wow, he's still in pursuit of greatness.
Speaker 3: So, whether that was going into film, whether that was
Speaker 3: going into creating academies, where it was going into education,
Speaker 3: there was still pursuits, there was still goals, there was
Speaker 3: still the chasing pursuit of that leisure, that freedom, And.
Speaker 1: So that's kind of how the mindset is.
Speaker 3: There's always a new obstacle, there's always a new challenge,
Speaker 3: and we're always going to attack it that way.
Speaker 1: Big shouts out to ear your leisure, big shots.
Speaker 5: Biggest ever.
Speaker 4: That's a FACTI E Y L big facts.
Speaker 1: It's big facts, No captain, bitch,