1
00:00:00,400 --> 00:00:04,280
Speaker 1: You just realized your business needed to hire someone yesterday.

2
00:00:04,800 --> 00:00:09,520
Speaker 1: How can you find amazing candidates fast? Easy? Just use Indeed.

3
00:00:09,960 --> 00:00:12,680
Speaker 1: Stop struggling to get your job posts seen on other

4
00:00:12,760 --> 00:00:16,439
Speaker 1: job sites. With Indeed sponsored jobs, your post jumps to

5
00:00:16,480 --> 00:00:19,000
Speaker 1: the top of the page for your relevant candidates, so

6
00:00:19,120 --> 00:00:22,119
Speaker 1: you can reach the people you want faster. According to

7
00:00:22,160 --> 00:00:26,120
Speaker 1: Indeed data, sponsored jobs posted directly on Indeed have forty

8
00:00:26,120 --> 00:00:30,040
Speaker 1: five percent more applications than non sponsored jobs. Don't wait

9
00:00:30,080 --> 00:00:33,519
Speaker 1: any longer, speed up your hiring right now with Indeed,

10
00:00:33,960 --> 00:00:36,200
Speaker 1: and listeners of this show will get a seventy five

11
00:00:36,280 --> 00:00:39,440
Speaker 1: dollars sponsored job credit to get your jobs more visibility

12
00:00:39,600 --> 00:00:45,320
Speaker 1: at indeed dot com slash pod Katz thirteen. Just go

13
00:00:45,360 --> 00:00:50,120
Speaker 1: to Indeed dot com slash pod Katz thirteen right now

14
00:00:50,479 --> 00:00:53,040
Speaker 1: and support our show by saying you heard about Indeed

15
00:00:53,080 --> 00:00:57,400
Speaker 1: on this podcast. Terms and conditions apply. Hiring Indeed is

16
00:00:57,440 --> 00:00:58,040
Speaker 1: all you need.

17
00:00:59,280 --> 00:01:05,120
Speaker 2: All right, Gods, welcome back e y L the reup edition. Yeah, reuppack.

18
00:01:05,520 --> 00:01:05,880
Speaker 3: Yeah.

19
00:01:05,959 --> 00:01:08,080
Speaker 2: If you if you follow, if you haven't been under

20
00:01:08,080 --> 00:01:11,399
Speaker 2: the rock for the last fifteen months, you understand what

21
00:01:11,440 --> 00:01:13,560
Speaker 2: this is about. This is going to be legendary situation.

22
00:01:13,800 --> 00:01:19,200
Speaker 2: So around almost thirteen months ago. I believe we did it.

23
00:01:19,280 --> 00:01:22,520
Speaker 2: We did episode forty four of Earning Your Leisure with

24
00:01:23,560 --> 00:01:24,840
Speaker 2: Leon Howard.

25
00:01:25,040 --> 00:01:28,720
Speaker 4: Big Trap, the Biggest Trapper.

26
00:01:29,520 --> 00:01:35,760
Speaker 2: Vegas aka Wall Street Trapper aka Big Trap, your.

27
00:01:36,920 --> 00:01:38,440
Speaker 3: Coin. It's it's already going.

28
00:01:38,600 --> 00:01:42,880
Speaker 2: Yeah, that episode just changed everything. Man. If it is

29
00:01:42,920 --> 00:01:45,120
Speaker 2: your first time ever watching your Leasion, you might not

30
00:01:45,120 --> 00:01:47,840
Speaker 2: be familiar with us or brother Wall Street Trapper. You

31
00:01:47,880 --> 00:01:50,800
Speaker 2: know that he just is a dynamic force that's literally

32
00:01:50,880 --> 00:01:52,840
Speaker 2: changing not only the culture but the world as far

33
00:01:52,880 --> 00:01:56,240
Speaker 2: as teaching stocks and teaching investing in a way that

34
00:01:56,680 --> 00:02:00,440
Speaker 2: I've never seen anybody actually be able to relate you know,

35
00:02:01,160 --> 00:02:06,600
Speaker 2: common you know language, street terms and break it down

36
00:02:06,640 --> 00:02:11,400
Speaker 2: into very sophisticated business and stocks and investing language. And

37
00:02:11,440 --> 00:02:14,400
Speaker 2: it started a whole movement and thousands, hundreds of thousands

38
00:02:14,440 --> 00:02:19,000
Speaker 2: of people that you know are loyal trappers worldwide.

39
00:02:19,360 --> 00:02:20,960
Speaker 4: The Trap you know a fact.

40
00:02:21,000 --> 00:02:23,040
Speaker 3: That's how original it is. Man.

41
00:02:23,080 --> 00:02:25,400
Speaker 5: I can't I haven't seen anybody even trying to duplicate it.

42
00:02:25,560 --> 00:02:27,600
Speaker 5: It's so unique to you, you know what I mean,

43
00:02:27,639 --> 00:02:28,680
Speaker 5: So kudos you for that, bro.

44
00:02:29,400 --> 00:02:31,799
Speaker 2: You know, when the Bro reached out and he was like,

45
00:02:31,880 --> 00:02:34,320
Speaker 2: you know, I think it's time man, for you know,

46
00:02:34,440 --> 00:02:37,480
Speaker 2: round two and reacts, man, listen, let's let's do it.

47
00:02:37,560 --> 00:02:39,320
Speaker 6: Man, let's break the internet again.

48
00:02:40,120 --> 00:02:42,760
Speaker 2: And but he was like, you know, this time, I

49
00:02:42,800 --> 00:02:45,240
Speaker 2: got a little different twist I want to put on it.

50
00:02:45,280 --> 00:02:47,520
Speaker 2: So I'm like, what's up, Like talk to me. So

51
00:02:47,560 --> 00:02:49,600
Speaker 2: he's like the first time, and if you haven't watched

52
00:02:49,600 --> 00:02:51,360
Speaker 2: episode forty four, you need to do that. You're doing

53
00:02:51,360 --> 00:02:53,840
Speaker 2: yourself with your minutes of service. But the first time,

54
00:02:53,880 --> 00:02:55,200
Speaker 2: he was like, you know, we just kind of we

55
00:02:55,240 --> 00:02:58,400
Speaker 2: talked about investing, We talked about stocks, we talked about

56
00:02:58,600 --> 00:03:00,360
Speaker 2: you know, a lot of different things, like much like

57
00:03:00,360 --> 00:03:03,320
Speaker 2: a one on one, but you know, where we're at

58
00:03:03,400 --> 00:03:08,280
Speaker 2: now is a pivotal moment, not only in just world

59
00:03:08,880 --> 00:03:11,440
Speaker 2: history but for our culture, Like this is this is

60
00:03:11,440 --> 00:03:14,200
Speaker 2: a pendulum shift where you can actually make some real

61
00:03:14,320 --> 00:03:19,120
Speaker 2: changes and change your generation for years to come. So

62
00:03:19,160 --> 00:03:22,360
Speaker 2: he was like, yo' it's bigger than just telling people

63
00:03:22,360 --> 00:03:25,280
Speaker 2: with stocks to invest in, Like, we got an opportunity

64
00:03:25,280 --> 00:03:27,840
Speaker 2: to actually change generations. So I'm like, what you're talking about.

65
00:03:27,840 --> 00:03:30,799
Speaker 2: He's like, yo, I want to do something where it's

66
00:03:30,880 --> 00:03:33,600
Speaker 2: like I'm laying out of blueprint for not only yourself,

67
00:03:34,360 --> 00:03:37,120
Speaker 2: for your family and your children and your children's children,

68
00:03:37,960 --> 00:03:42,440
Speaker 2: and that led to a series of conversations which led to,

69
00:03:42,760 --> 00:03:45,880
Speaker 2: you know, us actually collaborating and we're going to talk

70
00:03:45,920 --> 00:03:46,480
Speaker 2: about that.

71
00:03:47,160 --> 00:03:48,840
Speaker 6: But yeah, you know.

72
00:03:50,800 --> 00:03:53,440
Speaker 2: What, my man MG, the mortgage guy, always say, collaboration

73
00:03:53,560 --> 00:03:54,120
Speaker 2: is better than.

74
00:03:54,000 --> 00:03:56,600
Speaker 6: Competitions, you know what I'm saying. So we actually.

75
00:03:58,360 --> 00:04:01,040
Speaker 2: Actually even bigger than just the show, Like we put

76
00:04:01,040 --> 00:04:05,360
Speaker 2: together something just on our own, you know, as entrepreneurs

77
00:04:05,400 --> 00:04:07,160
Speaker 2: just coming together. That's just gonna, you know what I mean,

78
00:04:07,240 --> 00:04:10,200
Speaker 2: really change everything. But we definitely had to do a show.

79
00:04:10,240 --> 00:04:11,600
Speaker 2: I'm like, bro, we need to do a show like

80
00:04:11,640 --> 00:04:14,280
Speaker 2: to really like get his get his game out here, man.

81
00:04:14,400 --> 00:04:16,560
Speaker 2: So that's what we're here for right now. We're going

82
00:04:16,640 --> 00:04:19,440
Speaker 2: to give a billion dollars worth a game, one hundred

83
00:04:19,520 --> 00:04:23,840
Speaker 2: years worth, a game for investing for you know, how

84
00:04:23,880 --> 00:04:26,440
Speaker 2: to how to really get up on on investing, how

85
00:04:26,480 --> 00:04:30,440
Speaker 2: to change your future of your family, how to dissect businesses,

86
00:04:30,560 --> 00:04:34,080
Speaker 2: all that stuff. So strap your seat belts in first

87
00:04:34,120 --> 00:04:42,440
Speaker 2: and foremost, get your man, and most importantly, trapper attire

88
00:04:42,800 --> 00:04:44,040
Speaker 2: is required.

89
00:04:46,680 --> 00:04:48,800
Speaker 6: First and foremost. Man, welcome back, my brother man.

90
00:04:48,800 --> 00:04:49,760
Speaker 3: I'm glad to be back.

91
00:04:49,880 --> 00:04:50,040
Speaker 1: Man.

92
00:04:50,120 --> 00:04:53,960
Speaker 4: Shot my brothers Man, Troy shah Man. It's number love whole.

93
00:04:54,040 --> 00:04:55,040
Speaker 4: Aren't leisure family?

94
00:04:55,120 --> 00:04:55,360
Speaker 6: Man?

95
00:04:55,640 --> 00:04:57,800
Speaker 4: Just appreciate y'all letting me come back.

96
00:04:57,839 --> 00:04:59,680
Speaker 7: You know, any time we put something together, it seem

97
00:04:59,800 --> 00:05:02,080
Speaker 7: like we shift the culture every time, you know what

98
00:05:02,160 --> 00:05:04,120
Speaker 7: I'm saying. I know, we just did a live like

99
00:05:04,160 --> 00:05:06,279
Speaker 7: the other day, you know what I'm saying, And I

100
00:05:06,279 --> 00:05:08,800
Speaker 7: think that was great that live we did. That was impromptu,

101
00:05:09,360 --> 00:05:11,080
Speaker 7: you know what I'm saying. Ten thirty at night, we

102
00:05:11,120 --> 00:05:14,760
Speaker 7: got fifteen hundred people on a live and we just

103
00:05:14,800 --> 00:05:18,640
Speaker 7: having a conversation similar to we all what we always have.

104
00:05:19,200 --> 00:05:21,640
Speaker 7: It's crazy for that because we allowed it was like

105
00:05:21,800 --> 00:05:25,520
Speaker 7: us allowing people to hear a conversation that we always have,

106
00:05:26,000 --> 00:05:28,880
Speaker 7: you know what I'm saying. And I think that's just monumental, man,

107
00:05:28,960 --> 00:05:31,719
Speaker 7: every time we get to talk, you know. And I

108
00:05:31,720 --> 00:05:34,760
Speaker 7: think it's a great balance for people because for me,

109
00:05:34,880 --> 00:05:37,560
Speaker 7: I think I always say it's more of us than

110
00:05:37,560 --> 00:05:40,720
Speaker 7: it is them. And what I mean by that is

111
00:05:40,960 --> 00:05:43,360
Speaker 7: it's more people trying to figure it out, you know

112
00:05:43,360 --> 00:05:45,440
Speaker 7: what I'm saying. It's more people trying to understand how

113
00:05:45,480 --> 00:05:47,560
Speaker 7: can I get in a better situation? What do I

114
00:05:47,640 --> 00:05:50,640
Speaker 7: have to do to improve? Like I see people living

115
00:05:50,680 --> 00:05:53,120
Speaker 7: and I'm tired of struggling. It's way more to us

116
00:05:53,240 --> 00:05:55,560
Speaker 7: than it is the ones who figured it out. So

117
00:05:55,600 --> 00:05:57,479
Speaker 7: for me, I feel like I always got to be

118
00:05:57,520 --> 00:05:59,720
Speaker 7: in the trenches. I always got to be with the

119
00:05:59,720 --> 00:06:01,719
Speaker 7: people who trying to figure it out, even if I

120
00:06:01,720 --> 00:06:03,560
Speaker 7: got to do it one by one, you know what

121
00:06:03,600 --> 00:06:05,680
Speaker 7: I'm saying. So for them to hear that and for

122
00:06:05,720 --> 00:06:07,159
Speaker 7: me to be with you all, like I love this

123
00:06:07,240 --> 00:06:09,800
Speaker 7: platform because, like I told y'all the first time, man,

124
00:06:09,880 --> 00:06:11,920
Speaker 7: like y'all doing something amazing.

125
00:06:12,480 --> 00:06:13,520
Speaker 4: You know what I'm saying, it's showing.

126
00:06:13,600 --> 00:06:16,839
Speaker 7: Thirteen months later, Man, we're almost four hundred thousand people

127
00:06:16,880 --> 00:06:20,800
Speaker 7: on the ground. With YouTube, y'all almost got a million people, bro,

128
00:06:21,400 --> 00:06:23,719
Speaker 7: man't account with people doing in audio. You know what

129
00:06:23,800 --> 00:06:26,520
Speaker 7: y'all doing with audio's I can easily see y'all touch

130
00:06:26,560 --> 00:06:29,560
Speaker 7: a million people every time y'all post something, bro. And

131
00:06:29,600 --> 00:06:32,680
Speaker 7: it's not on no you know, no laughing stuff, it's

132
00:06:32,680 --> 00:06:36,000
Speaker 7: not on no, you know, just nothing caring balls and nothing.

133
00:06:36,080 --> 00:06:39,000
Speaker 7: You know, nothing against that, bro. But it's straight. It's straight,

134
00:06:39,040 --> 00:06:40,440
Speaker 7: giving people what they need.

135
00:06:40,760 --> 00:06:41,560
Speaker 4: It's straight. I know.

136
00:06:41,920 --> 00:06:44,320
Speaker 7: I know it happens to me every time y'all see somebody.

137
00:06:44,400 --> 00:06:46,120
Speaker 7: I can guarantee this it ain't a date that y'all

138
00:06:46,200 --> 00:06:46,440
Speaker 7: leave out.

139
00:06:46,520 --> 00:06:49,280
Speaker 4: Y'all hood. Somebody tell y'all, bro y'all changing my life.

140
00:06:50,760 --> 00:06:51,440
Speaker 3: You know what I'm saying.

141
00:06:51,480 --> 00:06:54,039
Speaker 7: And for me that mean a lot because I know

142
00:06:54,120 --> 00:06:56,920
Speaker 7: what I injected to the culture in my past. So

143
00:06:56,960 --> 00:06:58,680
Speaker 7: for me to be able to now say I can

144
00:06:58,800 --> 00:07:01,839
Speaker 7: change your family with teaching them how to invest, teaching

145
00:07:01,880 --> 00:07:05,200
Speaker 7: them about financial literacy, teach them about the things I've learned,

146
00:07:05,240 --> 00:07:07,760
Speaker 7: and I can bring it to this to y'all platform.

147
00:07:08,080 --> 00:07:09,520
Speaker 4: And I think that's amazing. Man.

148
00:07:10,080 --> 00:07:12,280
Speaker 5: Yeah, this is one of the moments. Like I said,

149
00:07:12,280 --> 00:07:14,760
Speaker 5: the last time you came here was a classic. This

150
00:07:14,880 --> 00:07:16,880
Speaker 5: time around the scenery has changed a little bit, but

151
00:07:17,000 --> 00:07:18,920
Speaker 5: I feel like it was a story getting to know

152
00:07:18,960 --> 00:07:21,680
Speaker 5: who Wall Street Trapper was and then you gave out knowledge.

153
00:07:21,680 --> 00:07:23,440
Speaker 5: And I think the reup now is like here, come

154
00:07:23,480 --> 00:07:26,680
Speaker 5: to execution. Now we're gonna put you on play to

155
00:07:26,800 --> 00:07:29,320
Speaker 5: really bridge the gap on like what you need to

156
00:07:29,360 --> 00:07:30,240
Speaker 5: do now that you've got.

157
00:07:30,920 --> 00:07:33,280
Speaker 2: Before we start. I thank you also because we just

158
00:07:33,280 --> 00:07:36,400
Speaker 2: came from Dykman. You was with us, traps with us

159
00:07:36,400 --> 00:07:38,480
Speaker 2: this whole weekend. We was working out together, we was

160
00:07:38,480 --> 00:07:41,240
Speaker 2: doing everything together, and you know, we had an amazing,

161
00:07:41,400 --> 00:07:44,880
Speaker 2: amazing community give back over four hundred turkeys, was giving

162
00:07:44,880 --> 00:07:49,160
Speaker 2: away ten thousand dollars in cash, gift cards, was giving

163
00:07:49,160 --> 00:07:53,320
Speaker 2: away TV trip to Disneyland, iPad.

164
00:07:53,400 --> 00:07:54,760
Speaker 6: It was just so much stuff, man.

165
00:07:54,800 --> 00:08:01,120
Speaker 2: So shout out to thykmen, basket Pete, and shout out

166
00:08:01,120 --> 00:08:03,680
Speaker 2: to MG the mortgage guy. Shout out to Jamal, Shout

167
00:08:03,440 --> 00:08:04,920
Speaker 2: out my sister, Shout out to everybody.

168
00:08:05,000 --> 00:08:08,960
Speaker 6: Just came to Dye and you was a dead man

169
00:08:09,000 --> 00:08:11,320
Speaker 6: and the people came.

170
00:08:13,000 --> 00:08:16,360
Speaker 8: Yo. They passed me, They like, YO, excuse me?

171
00:08:16,760 --> 00:08:21,640
Speaker 4: Is that New York showed me love?

172
00:08:21,720 --> 00:08:21,880
Speaker 9: Man?

173
00:08:21,960 --> 00:08:23,920
Speaker 7: Like when I look at my analytics, like New York

174
00:08:24,000 --> 00:08:25,920
Speaker 7: is the number one, And I know.

175
00:08:26,120 --> 00:08:27,400
Speaker 3: It's two things too.

176
00:08:27,520 --> 00:08:29,760
Speaker 4: You know. Of course I'm putting in work, but I

177
00:08:29,800 --> 00:08:31,520
Speaker 4: know I rock with y'all so hard.

178
00:08:32,280 --> 00:08:37,200
Speaker 7: Y'all always it's literally not a podcast or alive that

179
00:08:37,320 --> 00:08:38,400
Speaker 7: I've seen you all do.

180
00:08:38,440 --> 00:08:40,520
Speaker 4: What y'all don't say. Shout my bro Wall Street trap

181
00:08:41,080 --> 00:08:41,679
Speaker 4: I've seen.

182
00:08:41,559 --> 00:08:44,480
Speaker 7: Y'all go on revault and I saw Troy say one

183
00:08:44,480 --> 00:08:46,760
Speaker 7: thing my brother Wall Street Trapp will always say. So

184
00:08:46,800 --> 00:08:48,800
Speaker 7: I think you know that I feel like New York

185
00:08:48,920 --> 00:08:51,280
Speaker 7: is like another home, you know, because when I come

186
00:08:51,320 --> 00:08:53,640
Speaker 7: here with y'all. So for me to be a month's dad,

187
00:08:53,679 --> 00:08:56,360
Speaker 7: it's like, damn, like they rock with me in New

188
00:08:56,440 --> 00:08:58,360
Speaker 7: York too, you know what I'm saying, Like they're showing

189
00:08:58,360 --> 00:09:01,040
Speaker 7: me love, like people telling me like go eat here, trap,

190
00:09:01,120 --> 00:09:03,040
Speaker 7: go eat there, and you know, so that was just

191
00:09:03,120 --> 00:09:06,200
Speaker 7: love for me. And also this time around, I felt

192
00:09:06,200 --> 00:09:09,680
Speaker 7: more comfortable here and just being in that whole area,

193
00:09:09,920 --> 00:09:11,040
Speaker 7: that whole Dykeman area.

194
00:09:11,080 --> 00:09:11,720
Speaker 4: I'm not gonna lie.

195
00:09:11,760 --> 00:09:14,240
Speaker 7: I just always looking around and I was seeing people

196
00:09:14,240 --> 00:09:16,040
Speaker 7: and I was like, bro, Like in my mind, I

197
00:09:16,120 --> 00:09:18,720
Speaker 7: just kept saying, we got a lot more work to do.

198
00:09:19,679 --> 00:09:21,599
Speaker 7: I kept saying that. I'm like Troy, we got a

199
00:09:21,640 --> 00:09:23,439
Speaker 7: lot more work to do. Shot, we got a lot

200
00:09:23,480 --> 00:09:25,640
Speaker 7: more work to do. Because I'm seeing it, you know

201
00:09:25,679 --> 00:09:28,280
Speaker 7: what I'm saying. And I'm seeing myself again. You know

202
00:09:28,320 --> 00:09:30,880
Speaker 7: what I'm saying. I'm seeing me moving forward in progress,

203
00:09:30,920 --> 00:09:33,240
Speaker 7: and I'm seeing why I can't do certain things because

204
00:09:33,280 --> 00:09:35,600
Speaker 7: I got to go back here. The language in the

205
00:09:35,640 --> 00:09:39,080
Speaker 7: hood is the same everywhere. The slangs just changed, but

206
00:09:39,160 --> 00:09:41,160
Speaker 7: the language and the thread that's in every hood is

207
00:09:41,200 --> 00:09:43,680
Speaker 7: the same. Struggle trying to figure it out, keep bumping

208
00:09:43,679 --> 00:09:45,520
Speaker 7: my head against the wall. You know what, I'm saying

209
00:09:45,559 --> 00:09:47,480
Speaker 7: so for me is all right, let me show them.

210
00:09:47,880 --> 00:09:49,400
Speaker 7: I know you want to eat today, but let me

211
00:09:49,400 --> 00:09:49,920
Speaker 7: show you how to.

212
00:09:49,960 --> 00:09:52,600
Speaker 3: Put a meal on the table for generations.

213
00:09:52,600 --> 00:09:52,800
Speaker 10: Man.

214
00:09:53,400 --> 00:09:54,320
Speaker 6: That's the fact, man.

215
00:09:54,440 --> 00:09:57,120
Speaker 2: And that's a perfect segue because, like Choy said, the

216
00:09:57,120 --> 00:10:00,880
Speaker 2: first time was like the beginning, like execution.

217
00:10:02,160 --> 00:10:03,560
Speaker 6: So let's jump right into it.

218
00:10:03,559 --> 00:10:06,080
Speaker 2: As far as the investment, you the Wall Street trapper,

219
00:10:06,520 --> 00:10:10,040
Speaker 2: So obviously stock market is your game. So anybody that's

220
00:10:10,080 --> 00:10:11,640
Speaker 2: been investing, I feel like a lot of people came

221
00:10:11,679 --> 00:10:16,080
Speaker 2: into stocks around this pandemic, and it's been a flush

222
00:10:16,120 --> 00:10:19,240
Speaker 2: of new investors that started to come into the marketplace

223
00:10:20,320 --> 00:10:23,280
Speaker 2: and now they're actually being educated on stock market. They're

224
00:10:23,280 --> 00:10:26,480
Speaker 2: watching trapping Tuesdays, they're watching market Mondays, shout out to

225
00:10:26,480 --> 00:10:27,439
Speaker 2: the end to end.

226
00:10:27,960 --> 00:10:29,040
Speaker 6: So let me ask you this.

227
00:10:29,200 --> 00:10:29,560
Speaker 4: Yeah.

228
00:10:30,080 --> 00:10:32,240
Speaker 2: One of the things even I struggle with sometimes is

229
00:10:32,280 --> 00:10:35,840
Speaker 2: like how do you know when it's selling stock? Because everybody,

230
00:10:35,880 --> 00:10:37,480
Speaker 2: a lot of people tell you like this is a

231
00:10:37,480 --> 00:10:39,480
Speaker 2: good time to buy the stock, right Like obviously, like

232
00:10:39,520 --> 00:10:42,040
Speaker 2: if it's twenty percent off of it's high, then you

233
00:10:42,040 --> 00:10:44,280
Speaker 2: can use that metrics, or if it's you know, it's

234
00:10:44,600 --> 00:10:46,800
Speaker 2: it's different strategies of how to know when to buy

235
00:10:46,800 --> 00:10:50,000
Speaker 2: a stock. But there's not really too many metrics or

236
00:10:50,040 --> 00:10:53,079
Speaker 2: strategies that I've seen. It's know when it's selling stock.

237
00:10:53,160 --> 00:10:55,480
Speaker 2: So how do you what's your thoughts on that?

238
00:10:55,800 --> 00:10:58,000
Speaker 7: So I have a few ways in which I deal

239
00:10:58,080 --> 00:11:00,240
Speaker 7: with selling the stock right. So one of the is

240
00:11:00,960 --> 00:11:03,640
Speaker 7: I ask before I even buy a stock first, I want,

241
00:11:03,760 --> 00:11:05,839
Speaker 7: you know, put a valuation on it, like.

242
00:11:05,800 --> 00:11:07,240
Speaker 4: What I think the company is worth.

243
00:11:07,600 --> 00:11:09,559
Speaker 7: So before you get doing anything, you got to put

244
00:11:09,559 --> 00:11:12,439
Speaker 7: a price tag on it, after you research the business,

245
00:11:12,480 --> 00:11:14,360
Speaker 7: after you understand what it's worth. Because if you don't

246
00:11:14,400 --> 00:11:16,280
Speaker 7: know what it's worth, you don't know when to sell,

247
00:11:16,600 --> 00:11:18,560
Speaker 7: you don't know when to buy. So you got to

248
00:11:18,559 --> 00:11:20,240
Speaker 7: put that price tag on it. And that only comes

249
00:11:20,280 --> 00:11:23,240
Speaker 7: from doing the fundamental research right, understand the business. And

250
00:11:23,320 --> 00:11:25,079
Speaker 7: so one of the things I like to tell myself

251
00:11:25,120 --> 00:11:28,880
Speaker 7: is simple, once it gets to one hundred percent for me,

252
00:11:29,920 --> 00:11:31,960
Speaker 7: now it's time for me to think about do I

253
00:11:32,000 --> 00:11:33,160
Speaker 7: have another business?

254
00:11:33,559 --> 00:11:34,559
Speaker 3: Because I don't want to just.

255
00:11:34,520 --> 00:11:35,599
Speaker 6: Say hundred profit.

256
00:11:35,760 --> 00:11:39,720
Speaker 7: Yeah, I don't want to just sell and have the

257
00:11:39,760 --> 00:11:42,560
Speaker 7: money sitting in my account. I think that's what most

258
00:11:42,559 --> 00:11:44,800
Speaker 7: people do. Like, so you got to put a tag

259
00:11:44,840 --> 00:11:46,880
Speaker 7: on it and then put a life expectancy on it,

260
00:11:46,920 --> 00:11:49,880
Speaker 7: like what do I expect it to do in this timeframe?

261
00:11:50,280 --> 00:11:53,120
Speaker 7: And is it up a certain percentage in this time frame?

262
00:11:53,400 --> 00:11:56,480
Speaker 7: So for me, the goal is already buy and hold

263
00:11:56,880 --> 00:11:59,959
Speaker 7: five years, ten years, twenty years, like you have to

264
00:12:00,240 --> 00:12:02,920
Speaker 7: have a life expectancy of it, how you wanted to perform.

265
00:12:03,200 --> 00:12:05,120
Speaker 7: And then I'm asking myself, well, in this time if

266
00:12:05,160 --> 00:12:07,600
Speaker 7: I'm up one hundred percent or more, if i have

267
00:12:07,720 --> 00:12:11,160
Speaker 7: another stock that I'm willing to invest in. That's why

268
00:12:11,160 --> 00:12:14,000
Speaker 7: we should always be looking for new businesses. That's why

269
00:12:14,040 --> 00:12:16,200
Speaker 7: I tell people all the time, like I don't care

270
00:12:16,280 --> 00:12:19,120
Speaker 7: what's going on every day, I'm researching new businesses because

271
00:12:19,120 --> 00:12:22,320
Speaker 7: the world gonna keep on solving problems. That's what businesses are, man,

272
00:12:22,360 --> 00:12:24,319
Speaker 7: They solve problems, you know what I'm saying.

273
00:12:24,360 --> 00:12:26,280
Speaker 4: So the world always is presented with a problem.

274
00:12:26,400 --> 00:12:28,560
Speaker 7: Somebody's always going to try to do something better, like

275
00:12:28,640 --> 00:12:31,360
Speaker 7: Amazon drop whatever they drop, Boom, Snowflake.

276
00:12:30,880 --> 00:12:32,600
Speaker 4: Coming with They say I could do it better than Amazon,

277
00:12:32,920 --> 00:12:33,640
Speaker 4: you feel what I'm saying.

278
00:12:33,679 --> 00:12:36,479
Speaker 7: So now they're saying, Okay, let me find different businesses

279
00:12:36,480 --> 00:12:39,120
Speaker 7: that are solving different problems or doing things better than

280
00:12:39,120 --> 00:12:41,760
Speaker 7: other businesses. Even Jeff Beezo said that he said, there's

281
00:12:41,800 --> 00:12:43,679
Speaker 7: going to be a time where some business is gonna

282
00:12:43,720 --> 00:12:46,760
Speaker 7: come and do better than what I'm doing at what

283
00:12:46,840 --> 00:12:49,400
Speaker 7: I'm doing, which is why he keeps on spreading a

284
00:12:49,480 --> 00:12:51,560
Speaker 7: business out. So what I like to do is again

285
00:12:51,640 --> 00:12:54,040
Speaker 7: put the light time span on it, whether it's a

286
00:12:54,080 --> 00:12:56,080
Speaker 7: five year, three year, two year, one year.

287
00:12:55,960 --> 00:12:56,960
Speaker 4: Whatever that case may be.

288
00:12:57,320 --> 00:12:59,640
Speaker 7: If I'm up one hundred percent or more and I

289
00:12:59,720 --> 00:13:02,400
Speaker 7: found I'm another business that I like, I can take

290
00:13:02,440 --> 00:13:04,839
Speaker 7: those profits and then put it in another piode.

291
00:13:04,840 --> 00:13:07,120
Speaker 5: So when you get to one hundred percent, right, are

292
00:13:07,120 --> 00:13:09,840
Speaker 5: you saying, like, are you taking a portion of the

293
00:13:09,880 --> 00:13:12,200
Speaker 5: shares or you completely leaving the position?

294
00:13:12,360 --> 00:13:12,600
Speaker 4: Nah?

295
00:13:12,640 --> 00:13:15,800
Speaker 7: So I want to stay in a position, right because

296
00:13:15,800 --> 00:13:17,360
Speaker 7: if it's up one hundred percent, to me, that I

297
00:13:17,440 --> 00:13:20,800
Speaker 7: mean it's still performing well. Like if the fundamentals are increasing,

298
00:13:21,120 --> 00:13:22,800
Speaker 7: management is doing a great job.

299
00:13:22,800 --> 00:13:23,200
Speaker 4: That's cool.

300
00:13:23,240 --> 00:13:25,480
Speaker 7: I don't want to exit that position, right, So I

301
00:13:25,480 --> 00:13:27,760
Speaker 7: can take some of those profits, which means selling some

302
00:13:27,800 --> 00:13:29,480
Speaker 7: of those shares when people don't know, like, because I

303
00:13:29,559 --> 00:13:31,880
Speaker 7: heard people ask me that, like, if I take profit,

304
00:13:31,920 --> 00:13:33,720
Speaker 7: does that mean I'm selling some of the shares? Of

305
00:13:33,720 --> 00:13:35,520
Speaker 7: course you are. You know what I'm saying so you'll

306
00:13:35,520 --> 00:13:37,760
Speaker 7: sell some of those shares and you will put it

307
00:13:37,760 --> 00:13:40,200
Speaker 7: in a new business and now you can start another

308
00:13:40,240 --> 00:13:43,400
Speaker 7: position with those profits, which is ideal.

309
00:13:43,960 --> 00:13:44,800
Speaker 4: You know what I'm saying.

310
00:13:45,440 --> 00:13:47,959
Speaker 7: Another way for me to sell is if the business

311
00:13:48,000 --> 00:13:50,280
Speaker 7: is not performing well, you know what I'm saying. So

312
00:13:50,280 --> 00:13:52,400
Speaker 7: if I did the research on it, if I evaluated

313
00:13:52,400 --> 00:13:54,439
Speaker 7: a business, and also in evaluating a business, when you

314
00:13:54,480 --> 00:13:57,240
Speaker 7: put it life expectancy on it or time span that

315
00:13:57,280 --> 00:13:59,440
Speaker 7: you want to do it you being intentional, right, and

316
00:13:59,480 --> 00:14:01,600
Speaker 7: so you ask, so what is the growth rate of

317
00:14:01,640 --> 00:14:02,200
Speaker 7: this business?

318
00:14:02,240 --> 00:14:02,920
Speaker 6: So how would you call?

319
00:14:03,080 --> 00:14:05,640
Speaker 2: Because this is something that even today in Thankmen, somebody

320
00:14:05,640 --> 00:14:07,320
Speaker 2: came up to me and he was like, you know,

321
00:14:07,880 --> 00:14:09,600
Speaker 2: I know I should invest in good companies, but how

322
00:14:09,640 --> 00:14:11,719
Speaker 2: do I know? How do I find? How do I

323
00:14:11,760 --> 00:14:13,840
Speaker 2: even find a good company? Like do you have to

324
00:14:13,880 --> 00:14:16,040
Speaker 2: like read newspapers?

325
00:14:16,040 --> 00:14:18,000
Speaker 6: Like how do you like? What's your process? Actually?

326
00:14:18,000 --> 00:14:18,080
Speaker 1: Know?

327
00:14:18,120 --> 00:14:20,600
Speaker 6: Okay? Like you said, you gotta constantly find new businesses? Right?

328
00:14:20,720 --> 00:14:22,200
Speaker 6: How do you constantly find new business?

329
00:14:22,200 --> 00:14:23,920
Speaker 7: So an easy way for me, I still use the

330
00:14:23,960 --> 00:14:26,240
Speaker 7: method like I did in prison. Man, I just look

331
00:14:26,280 --> 00:14:28,520
Speaker 7: at all them ticker symbols that's going down the bottom

332
00:14:28,560 --> 00:14:31,400
Speaker 7: of CNBC, Like that's putting it on training wheels. That's

333
00:14:31,400 --> 00:14:33,760
Speaker 7: without you happen to even do anything, or like you

334
00:14:33,800 --> 00:14:36,280
Speaker 7: get on CNBC shout out to the trap was because

335
00:14:36,280 --> 00:14:38,320
Speaker 7: I told them missing they do it now, Like you

336
00:14:38,360 --> 00:14:40,840
Speaker 7: get on CNBC and there's a bunch of ticker symbols

337
00:14:40,880 --> 00:14:43,760
Speaker 7: running across the bottom, ones that you don't know about

338
00:14:43,800 --> 00:14:46,200
Speaker 7: that like, now what is that? Write it down? Like,

339
00:14:46,280 --> 00:14:48,360
Speaker 7: don't be scared to do that. Another thing is also

340
00:14:49,000 --> 00:14:51,920
Speaker 7: I just look at what's going on everything. I'm buying everything.

341
00:14:51,920 --> 00:14:53,520
Speaker 7: I'm looking at it saying who made this?

342
00:14:54,200 --> 00:14:56,520
Speaker 4: What this is? Who produced this? Who did that?

343
00:14:56,800 --> 00:14:58,640
Speaker 7: You know, if I'm looking at tech, I won't see

344
00:14:58,640 --> 00:15:00,480
Speaker 7: like what tech been. Like the other day I found

345
00:15:00,520 --> 00:15:04,760
Speaker 7: out that a business the ticket symbol was rby L.

346
00:15:05,160 --> 00:15:06,240
Speaker 7: I was like, oh, this is the people who make

347
00:15:06,320 --> 00:15:08,360
Speaker 7: light saw, Like I didn't know who made it. But

348
00:15:08,400 --> 00:15:10,880
Speaker 7: as I'm reading the papers, I saw that light saw

349
00:15:11,120 --> 00:15:13,680
Speaker 7: sales had increased by seventy percent. The first thing I

350
00:15:13,760 --> 00:15:14,600
Speaker 7: want to know is.

351
00:15:14,520 --> 00:15:17,120
Speaker 4: Who make that right? Who make that?

352
00:15:17,240 --> 00:15:19,320
Speaker 7: Who make light saf right? And I'm gonna find out

353
00:15:19,320 --> 00:15:21,800
Speaker 7: if it's public as private right. So I think that's

354
00:15:21,840 --> 00:15:24,600
Speaker 7: the easy part in finding businesses. And then what happens

355
00:15:24,720 --> 00:15:27,600
Speaker 7: is when you're looking at one business, it's always going

356
00:15:27,680 --> 00:15:29,920
Speaker 7: to shoot you to another business. It's always going to

357
00:15:29,960 --> 00:15:32,360
Speaker 7: shoot you to its competitor. Like so that's for me.

358
00:15:32,400 --> 00:15:35,320
Speaker 7: I always do that what this business is doing, I

359
00:15:35,360 --> 00:15:37,000
Speaker 7: want compare it to something. So now I'm gonna look

360
00:15:37,080 --> 00:15:40,400
Speaker 7: up such and such peers, So I know the competitor.

361
00:15:40,480 --> 00:15:42,800
Speaker 4: Light saw, it's Clorox. You know what I'm saying.

362
00:15:42,840 --> 00:15:46,840
Speaker 7: So that's easy, that's like, it's it's not hard because

363
00:15:46,880 --> 00:15:49,600
Speaker 7: sixty percent of the businesses in America on a stock money.

364
00:15:49,720 --> 00:15:52,120
Speaker 5: So now that part of your fundamentals is that's the

365
00:15:52,120 --> 00:15:54,240
Speaker 5: first step, right looking for peers. What else are we

366
00:15:54,280 --> 00:15:55,800
Speaker 5: doing to make sure that this is a good company

367
00:15:55,840 --> 00:15:58,400
Speaker 5: are we looking at? I know one of the things

368
00:15:58,400 --> 00:16:00,200
Speaker 5: you love is not debt, but what it's all the

369
00:16:00,200 --> 00:16:01,600
Speaker 5: things that we looking at when we're trying to figure

370
00:16:01,640 --> 00:16:02,880
Speaker 5: out yep, this is a good company.

371
00:16:03,000 --> 00:16:05,160
Speaker 3: Motes, oh Motes.

372
00:16:05,240 --> 00:16:06,720
Speaker 5: Can I tell you when you said that last song?

373
00:16:06,800 --> 00:16:08,240
Speaker 5: I always heard when you talk about most of that.

374
00:16:08,840 --> 00:16:10,400
Speaker 5: I mean, we're big Game of Thrones fans, so when

375
00:16:10,400 --> 00:16:12,520
Speaker 5: we it makes me thinking like when they was at

376
00:16:12,520 --> 00:16:14,320
Speaker 5: Castle Black and it was like, yo, they can't get

377
00:16:14,320 --> 00:16:14,680
Speaker 5: into the.

378
00:16:14,600 --> 00:16:16,920
Speaker 3: Castle because the war is always around and so.

379
00:16:16,880 --> 00:16:18,800
Speaker 7: Like I'm like, oh, that's how I think about motes.

380
00:16:18,840 --> 00:16:21,280
Speaker 7: When you said it's exactly what can you talk about most?

381
00:16:21,720 --> 00:16:25,840
Speaker 7: So a mote is what protects a company from its competitors, right,

382
00:16:25,880 --> 00:16:28,000
Speaker 7: And so there's there's different kinds of most. And that's

383
00:16:28,040 --> 00:16:30,240
Speaker 7: another thing for me too. When I'm looking at a business.

384
00:16:30,360 --> 00:16:32,680
Speaker 7: I actually told the guy it's at Dykeman today.

385
00:16:33,000 --> 00:16:33,520
Speaker 3: I was.

386
00:16:33,320 --> 00:16:35,680
Speaker 7: He explained to me about a business he was looking

387
00:16:35,680 --> 00:16:36,920
Speaker 7: at and he was like, they got a moat And

388
00:16:36,920 --> 00:16:38,920
Speaker 7: I was like, so, what's the moat? And he was like, well,

389
00:16:38,960 --> 00:16:41,440
Speaker 7: they're the only person doing this in they feel And

390
00:16:41,480 --> 00:16:42,920
Speaker 7: I said, ask yourself this question.

391
00:16:43,440 --> 00:16:45,160
Speaker 3: Are they the only business that's.

392
00:16:45,000 --> 00:16:48,240
Speaker 7: Doing it because they have an advantage like they can

393
00:16:48,440 --> 00:16:49,760
Speaker 7: they have a patent on it?

394
00:16:50,200 --> 00:16:55,000
Speaker 4: Or did management find a way to what they it will.

395
00:16:54,920 --> 00:16:58,120
Speaker 7: Cost another business too much money to try to replicate that,

396
00:16:58,800 --> 00:17:00,680
Speaker 7: or just can are they just the first ones to

397
00:17:00,720 --> 00:17:02,280
Speaker 7: do it and then anybody else can come back and

398
00:17:02,320 --> 00:17:03,840
Speaker 7: do it. If that's the case, it's not a mote,

399
00:17:04,119 --> 00:17:05,840
Speaker 7: you know what I'm saying. If I can speed rap

400
00:17:06,320 --> 00:17:09,680
Speaker 7: and then if Rashad if Troy studied me for three

401
00:17:09,720 --> 00:17:11,480
Speaker 7: weeks and then he learned how to speed rap.

402
00:17:11,520 --> 00:17:13,880
Speaker 4: Then he can he can challenge me. Now you feel

403
00:17:13,880 --> 00:17:14,359
Speaker 4: what I'm saying.

404
00:17:14,400 --> 00:17:16,240
Speaker 7: But if I can speed rap in a way that

405
00:17:17,119 --> 00:17:19,240
Speaker 7: he can't get it, I now have.

406
00:17:19,240 --> 00:17:20,399
Speaker 3: Set myself apart.

407
00:17:20,600 --> 00:17:24,440
Speaker 7: Right, So a mote, there's different motes that businesses can have.

408
00:17:24,560 --> 00:17:27,440
Speaker 7: What is so a mote is what protects a business

409
00:17:27,520 --> 00:17:30,760
Speaker 7: from its competitors. Right, It's some type of product or

410
00:17:30,800 --> 00:17:35,080
Speaker 7: service that this business has that their competitors cannot do.

411
00:17:35,760 --> 00:17:39,359
Speaker 7: And they cannot do it for multiple reasons. One, it'll

412
00:17:39,359 --> 00:17:41,920
Speaker 7: cost them too much money to do it right, So

413
00:17:42,000 --> 00:17:44,360
Speaker 7: it's gonna cost you too much money to replicate.

414
00:17:43,960 --> 00:17:48,040
Speaker 4: This Chipotle chapote you feel. I mean.

415
00:17:48,840 --> 00:17:55,880
Speaker 7: So they have this amazing moat where they build relationships.

416
00:17:56,080 --> 00:17:58,000
Speaker 4: Anywhere that they build a store.

417
00:17:57,720 --> 00:18:02,160
Speaker 7: Rap, they find local farm within one hundred mile radius

418
00:18:03,080 --> 00:18:07,560
Speaker 7: and they partner with them in anything that the farmers need.

419
00:18:08,280 --> 00:18:12,280
Speaker 7: They're willing to help them for two reasons. One to

420
00:18:12,480 --> 00:18:16,639
Speaker 7: make sure the crops are great, and two to solidify

421
00:18:16,840 --> 00:18:20,560
Speaker 7: themselves as the plug. So you grow fresh crops. I'm

422
00:18:20,600 --> 00:18:23,359
Speaker 7: a bond from you. But here's what you need and

423
00:18:23,400 --> 00:18:25,199
Speaker 7: if you need help with end of it this, I'm

424
00:18:25,200 --> 00:18:25,760
Speaker 7: gonna help you.

425
00:18:26,840 --> 00:18:27,040
Speaker 4: Right.

426
00:18:27,119 --> 00:18:29,800
Speaker 7: So now what that does is it allows them now

427
00:18:30,320 --> 00:18:33,320
Speaker 7: for their competitors to come beat them. You gotta double

428
00:18:33,400 --> 00:18:38,560
Speaker 7: my price, so now it's going to cut into your profit,

429
00:18:39,000 --> 00:18:42,239
Speaker 7: which now gets into low operational costs. The cost that

430
00:18:42,240 --> 00:18:44,720
Speaker 7: it cost is the business to operate. You feel what

431
00:18:44,760 --> 00:18:48,359
Speaker 7: I'm saying. So because Chapote they have done that. Now,

432
00:18:48,400 --> 00:18:52,000
Speaker 7: the second mold to that is every day they give

433
00:18:52,040 --> 00:18:56,320
Speaker 7: you fresh ingredients because they've partnered with all the local

434
00:18:56,400 --> 00:18:59,760
Speaker 7: farmers around that business. Right, so every day now they've

435
00:19:00,000 --> 00:19:04,960
Speaker 7: guaranteed to give you fresh vegetables that is extremely hard

436
00:19:04,960 --> 00:19:09,199
Speaker 7: to replicate. It's gonna cost you too much money to

437
00:19:09,320 --> 00:19:12,400
Speaker 7: replicate this, so at this point it's not even worth it.

438
00:19:12,440 --> 00:19:14,800
Speaker 5: So from what I'm hearing, it's like, yo, if I

439
00:19:14,800 --> 00:19:17,280
Speaker 5: wanted to make the burrito, right, if I don't have

440
00:19:17,359 --> 00:19:19,360
Speaker 5: that mode, it's gonna cost me like sixteen dollars, where

441
00:19:19,359 --> 00:19:20,840
Speaker 5: it's gonna cast Chipotle like.

442
00:19:20,760 --> 00:19:22,000
Speaker 3: Seven dollars something like that.

443
00:19:22,359 --> 00:19:24,960
Speaker 7: So in that sense, and then pricing is a type

444
00:19:25,000 --> 00:19:26,879
Speaker 7: of mote. It's called a pricing mode, all right, So

445
00:19:26,920 --> 00:19:29,840
Speaker 7: there's other types of motes. There's another another mode that

446
00:19:29,920 --> 00:19:36,080
Speaker 7: I really love is called a switching mote. So a

447
00:19:36,160 --> 00:19:42,520
Speaker 7: switching mode is so how hot. So example, let's think

448
00:19:42,520 --> 00:19:44,960
Speaker 7: about this business called let's just think about Apple.

449
00:19:45,040 --> 00:19:48,200
Speaker 4: Let's just keep it simple. So most people who.

450
00:19:48,000 --> 00:19:53,600
Speaker 7: Have iPhones, they also have MacBook pros, or they'll have

451
00:19:53,720 --> 00:19:57,880
Speaker 7: an Apple Watch, or they're in that Apple ecosystem. Right,

452
00:19:59,119 --> 00:20:02,400
Speaker 7: the chances of me he's switching from Apple to Android

453
00:20:03,200 --> 00:20:07,320
Speaker 7: or any other type of phone, it's slimming none. Because

454
00:20:07,400 --> 00:20:10,959
Speaker 7: now I gotta switch all my information off the Apple

455
00:20:11,000 --> 00:20:15,520
Speaker 7: cloud to somebody else's cloud. That's a switching mode. Or

456
00:20:15,640 --> 00:20:19,200
Speaker 7: in business, a lot of businesses will do this. So

457
00:20:19,320 --> 00:20:24,639
Speaker 7: let's say cybersecurity. Right, So let's say a business has

458
00:20:24,760 --> 00:20:28,600
Speaker 7: all of their I'm using this cyber security business to

459
00:20:28,640 --> 00:20:32,560
Speaker 7: protect all of my brands. It's extremely hard for me

460
00:20:32,640 --> 00:20:36,480
Speaker 7: to switch from this cybersecurity company to another cyber security

461
00:20:36,560 --> 00:20:39,960
Speaker 7: company because all of my information is stored here. It

462
00:20:40,359 --> 00:20:43,800
Speaker 7: becomes now, it becomes a hassle, whereas I can just

463
00:20:43,880 --> 00:20:46,160
Speaker 7: work let's work this out to see what the problem

464
00:20:46,280 --> 00:20:49,960
Speaker 7: is and fix it. So switching modes are extremely great

465
00:20:50,240 --> 00:20:52,399
Speaker 7: because nobody likes to switch.

466
00:20:52,640 --> 00:20:56,120
Speaker 4: People love conveniences. Businesses are the same way.

467
00:20:56,400 --> 00:20:57,760
Speaker 7: I don't have to go through all Now I gotta

468
00:20:57,760 --> 00:21:00,960
Speaker 7: shut business down, I gotta lose money, or I gotta

469
00:21:01,040 --> 00:21:04,800
Speaker 7: be I gotta open my business now becomes vulnerable to

470
00:21:05,119 --> 00:21:08,359
Speaker 7: something like cybersecurity is serious, which is why I love cybersecurity.

471
00:21:08,800 --> 00:21:08,960
Speaker 4: Right.

472
00:21:09,040 --> 00:21:12,520
Speaker 7: So any brand that it becomes a hassle for another brand,

473
00:21:12,560 --> 00:21:15,040
Speaker 7: for the business, for its customers of service to leave

474
00:21:15,080 --> 00:21:18,000
Speaker 7: that brand to go to another brand, that's a switching mode.

475
00:21:18,320 --> 00:21:21,000
Speaker 2: So let me ask you this as far as like

476
00:21:21,240 --> 00:21:23,920
Speaker 2: another thing that we haven't spoken about before. You're real

477
00:21:23,960 --> 00:21:27,360
Speaker 2: big on like people hear like growth stocks, right, and

478
00:21:28,440 --> 00:21:30,560
Speaker 2: but what does that mean? Like what is a growth stock?

479
00:21:30,680 --> 00:21:34,280
Speaker 2: Because for an average person, they're thinking like, I'm only

480
00:21:34,320 --> 00:21:39,479
Speaker 2: buying the stock, so you grow think like I'm not

481
00:21:39,560 --> 00:21:44,680
Speaker 2: buying a non growth stock or a dead stagnant stock.

482
00:21:44,800 --> 00:21:46,200
Speaker 6: So what's a growth stock?

483
00:21:46,440 --> 00:21:46,800
Speaker 3: All right?

484
00:21:46,920 --> 00:21:48,119
Speaker 4: So this is this is dope.

485
00:21:48,200 --> 00:21:51,000
Speaker 7: Like, So a while back, what I did was I

486
00:21:51,040 --> 00:21:53,800
Speaker 7: had broke down stocks the way I break them down.

487
00:21:53,880 --> 00:21:58,080
Speaker 7: So I put stocks in three different situations. Right is

488
00:21:59,200 --> 00:22:06,000
Speaker 7: young bucks, og, gangsters, and ogs. Right, So it's three

489
00:22:06,000 --> 00:22:10,639
Speaker 7: different categories. So young bucks I used in comparison, I

490
00:22:10,720 --> 00:22:15,119
Speaker 7: use somebody like little Baby, right, So somebody who he

491
00:22:15,200 --> 00:22:18,880
Speaker 7: has a huge upside the potential. He just started his career, right,

492
00:22:18,960 --> 00:22:23,680
Speaker 7: so his upside is extremely good. Right, But what comes

493
00:22:23,680 --> 00:22:26,440
Speaker 7: with that, Because he's young, he's still liable to get

494
00:22:26,560 --> 00:22:30,640
Speaker 7: make some mistakes along the way that may jeopardize his career. Right,

495
00:22:30,680 --> 00:22:35,520
Speaker 7: but the upside is amazing, Like you see it. You

496
00:22:35,560 --> 00:22:36,400
Speaker 7: see he's a star.

497
00:22:37,040 --> 00:22:37,280
Speaker 4: Right.

498
00:22:37,359 --> 00:22:40,640
Speaker 7: That's a growth stock, right, that's somebody with a lot

499
00:22:40,680 --> 00:22:43,879
Speaker 7: of potential. And what happens is growth stocks tend to

500
00:22:44,080 --> 00:22:48,560
Speaker 7: outperform the market for numerous amount of years. But the

501
00:22:48,640 --> 00:22:53,199
Speaker 7: thing about them is they are extremely volatile because the

502
00:22:53,320 --> 00:22:57,360
Speaker 7: company will make mistakes and a lot of times they

503
00:22:57,440 --> 00:23:00,480
Speaker 7: aren't necessarily profitable in the beginning.

504
00:23:01,400 --> 00:23:01,600
Speaker 4: Right.

505
00:23:01,680 --> 00:23:05,320
Speaker 7: So now what happens is the company you gotta ask

506
00:23:05,320 --> 00:23:10,119
Speaker 7: yourself risk tolerance comes into play, like can I deal

507
00:23:10,200 --> 00:23:14,119
Speaker 7: with the downsides of this relationship with this stock?

508
00:23:15,280 --> 00:23:15,480
Speaker 6: Right?

509
00:23:15,640 --> 00:23:18,240
Speaker 4: And so then we have your gangsters.

510
00:23:18,320 --> 00:23:21,120
Speaker 7: Right, So your gangsters is somebody who probably who've been

511
00:23:21,160 --> 00:23:24,200
Speaker 7: around for a minute. They're a little more mature, right,

512
00:23:24,520 --> 00:23:28,560
Speaker 7: been in but they'll still they'll still you'll see them

513
00:23:28,600 --> 00:23:30,320
Speaker 7: in the news if something pop off, you know what

514
00:23:30,359 --> 00:23:33,760
Speaker 7: I'm saying, Like something can happen, right, And then you

515
00:23:33,880 --> 00:23:35,000
Speaker 7: have your ogs.

516
00:23:35,080 --> 00:23:35,800
Speaker 3: And that's like your.

517
00:23:35,760 --> 00:23:39,359
Speaker 7: Johnson and Johnson's they've been around for you know, they consistent.

518
00:23:39,480 --> 00:23:41,040
Speaker 6: Then going nowhere they.

519
00:23:41,080 --> 00:23:43,119
Speaker 7: Hear so like somebody like Netflix will kind of be

520
00:23:43,160 --> 00:23:43,760
Speaker 7: like a gangster.

521
00:23:44,080 --> 00:23:44,720
Speaker 4: You know what I'm saying.

522
00:23:44,760 --> 00:23:48,120
Speaker 7: They still kind of volatile, but you still see the upside.

523
00:23:48,119 --> 00:23:50,959
Speaker 7: They still have growth in them. But any given day

524
00:23:51,000 --> 00:23:53,639
Speaker 7: you can get up and they down two you know

525
00:23:53,680 --> 00:23:55,320
Speaker 7: what I'm saying. Whereas a growth start, you get up

526
00:23:55,320 --> 00:23:57,919
Speaker 7: to date, it's up, tomorrow's down ten percent.

527
00:23:57,920 --> 00:24:00,119
Speaker 4: You're like, god, damn, you know what I'm saying. What

528
00:24:00,240 --> 00:24:01,920
Speaker 4: happened right here? Oh? Yeah, you know they shot a

529
00:24:01,960 --> 00:24:07,800
Speaker 4: club up like you know, like on TMZ right now.

530
00:24:08,600 --> 00:24:10,720
Speaker 3: So what so that's a grosso What about a value stock?

531
00:24:10,920 --> 00:24:13,360
Speaker 7: So a value stock will lot fall under like your

532
00:24:13,359 --> 00:24:18,480
Speaker 7: OG stocks, right, somebody like Calipillar, somebody like Johnson and Johnson,

533
00:24:18,600 --> 00:24:21,920
Speaker 7: walg Yeah it's OG so but it has a ton

534
00:24:22,000 --> 00:24:24,720
Speaker 7: of value, right, The value is there. But also value

535
00:24:24,720 --> 00:24:28,600
Speaker 7: stocks tend to not have growth and they're trading less

536
00:24:28,640 --> 00:24:31,160
Speaker 7: than what the market says they should be trading at,

537
00:24:31,400 --> 00:24:32,520
Speaker 7: you know what I'm saying, So then it will be

538
00:24:32,560 --> 00:24:35,040
Speaker 7: an undervalue stock. But value stocks are stocks that have

539
00:24:35,440 --> 00:24:39,359
Speaker 7: consistently performed well, provided value to the marketplace, and we

540
00:24:39,760 --> 00:24:41,280
Speaker 7: just know what they're about. You know what I'm saying,

541
00:24:41,320 --> 00:24:43,480
Speaker 7: And so it make it easy so people don't get

542
00:24:43,520 --> 00:24:44,680
Speaker 7: lost in the sauce.

543
00:24:44,400 --> 00:24:45,240
Speaker 3: And confuse them.

544
00:24:45,480 --> 00:24:47,760
Speaker 7: Think about your ogs, like think about stocks that have

545
00:24:47,840 --> 00:24:49,440
Speaker 7: been around since you was a kid.

546
00:24:49,720 --> 00:24:52,879
Speaker 2: So so like so, like a growth stock is something

547
00:24:52,920 --> 00:24:57,600
Speaker 2: that has tremendous upside, but it's also extremely Like a

548
00:24:57,640 --> 00:24:59,439
Speaker 2: young rapper that's just getting money for the first time.

549
00:24:59,520 --> 00:25:01,119
Speaker 4: Yeah, he gonna he gonna mess up something.

550
00:25:01,160 --> 00:25:05,520
Speaker 2: And then what's the second one? The gangster that's just

551
00:25:05,560 --> 00:25:09,080
Speaker 2: like you've been around long enough when you know the ropes,

552
00:25:09,119 --> 00:25:10,800
Speaker 2: but you still like you.

553
00:25:10,840 --> 00:25:11,919
Speaker 4: Still can make a mistake.

554
00:25:12,000 --> 00:25:17,680
Speaker 2: Like a French Montana French he safe man, I would say,

555
00:25:18,359 --> 00:25:20,960
Speaker 2: I was, I was, So you.

556
00:25:21,000 --> 00:25:23,040
Speaker 7: Get so now you got to ask yourself, like, so

557
00:25:23,760 --> 00:25:26,159
Speaker 7: Jez would you could consider Jesus So he would be

558
00:25:26,200 --> 00:25:28,200
Speaker 7: like in the middle of you know, and I do

559
00:25:28,200 --> 00:25:29,680
Speaker 7: won't really get into this cause like.

560
00:25:31,880 --> 00:25:34,000
Speaker 8: You said that, yeah.

561
00:25:33,800 --> 00:25:35,560
Speaker 7: But like so for me, like I would look at

562
00:25:35,560 --> 00:25:37,320
Speaker 7: somebody like when I made the post, that's what it

563
00:25:37,480 --> 00:25:38,600
Speaker 7: was like, somebody.

564
00:25:38,280 --> 00:25:39,560
Speaker 4: Like a fab or Jez.

565
00:25:40,160 --> 00:25:42,280
Speaker 7: For me, that's like yeah, and then so Jay z

566
00:25:42,440 --> 00:25:45,719
Speaker 7: is he not even get a parking ticket. And now

567
00:25:45,840 --> 00:25:47,760
Speaker 7: at this point, like you know, his career like like

568
00:25:47,800 --> 00:25:51,080
Speaker 7: a fat Joel, a jezn.

569
00:25:51,920 --> 00:25:54,320
Speaker 4: That's your ogs, like they solid, they strong.

570
00:25:54,760 --> 00:25:56,480
Speaker 7: You know, if they dropped something, you're gonna cop that

571
00:25:56,520 --> 00:25:59,160
Speaker 7: on the strength because like you you remember, it's gonna

572
00:25:59,200 --> 00:26:00,840
Speaker 7: take you back, you know what I'm saying.

573
00:26:00,880 --> 00:26:02,680
Speaker 4: And so the gangsters would be.

574
00:26:02,640 --> 00:26:05,720
Speaker 3: Like your gezy, you fast. You know what I'm saying,

575
00:26:05,760 --> 00:26:06,240
Speaker 3: your kiss.

576
00:26:08,760 --> 00:26:12,800
Speaker 5: So we got Ogi's we got and got young. Where

577
00:26:12,840 --> 00:26:13,880
Speaker 5: you putting Tesla in that?

578
00:26:14,960 --> 00:26:15,520
Speaker 4: Oh man?

579
00:26:15,720 --> 00:26:19,280
Speaker 7: So for me, honestly, it's a young buck because even

580
00:26:19,320 --> 00:26:22,120
Speaker 7: though they've been around, the now become established and they're

581
00:26:22,160 --> 00:26:26,040
Speaker 7: extremely volatile, right and they like eli running it like

582
00:26:26,080 --> 00:26:26,560
Speaker 7: sugar night.

583
00:26:26,640 --> 00:26:26,800
Speaker 4: Man.

584
00:26:27,800 --> 00:26:29,480
Speaker 7: I do what I want. I say what I want. Man,

585
00:26:29,520 --> 00:26:30,679
Speaker 7: I don't care if you don't like it or not.

586
00:26:30,880 --> 00:26:32,320
Speaker 7: I don't even care the shall holders like what I

587
00:26:32,400 --> 00:26:34,080
Speaker 7: say or not. Look, this is we're doing the Probably

588
00:26:34,119 --> 00:26:36,800
Speaker 7: the stock too high. Next day that the stock go down,

589
00:26:36,840 --> 00:26:39,119
Speaker 7: you make up like yo, I was up eight percent,

590
00:26:39,840 --> 00:26:41,000
Speaker 7: I woke up two hundred.

591
00:26:41,000 --> 00:26:41,520
Speaker 4: You know what I'm saying.

592
00:26:41,560 --> 00:26:43,600
Speaker 7: So Tesla is definitely a young buck, you know what

593
00:26:43,640 --> 00:26:45,960
Speaker 7: I'm saying, but it's one of those young bucks like

594
00:26:46,000 --> 00:26:48,640
Speaker 7: little baby, Like every time I drop it's.

595
00:26:48,560 --> 00:26:51,920
Speaker 4: A banger, you know what I'm saying?

596
00:26:52,720 --> 00:26:54,440
Speaker 6: What about what about? All right?

597
00:26:54,640 --> 00:26:56,600
Speaker 2: So, like what's an example of like a good growth

598
00:26:56,640 --> 00:26:57,720
Speaker 2: stock out there right now?

599
00:26:58,280 --> 00:26:59,000
Speaker 6: In your opinion?

600
00:27:01,560 --> 00:27:04,280
Speaker 7: Tesla was one where we talked about that already. Right,

601
00:27:04,600 --> 00:27:05,359
Speaker 7: I'm gonna be real.

602
00:27:06,440 --> 00:27:09,679
Speaker 6: I like beyond me, beyond me, like beyond me? Like

603
00:27:09,680 --> 00:27:10,760
Speaker 6: why you like beyond me?

604
00:27:10,960 --> 00:27:11,080
Speaker 4: So?

605
00:27:11,160 --> 00:27:13,080
Speaker 7: Because you so? One of the things it's good to

606
00:27:13,119 --> 00:27:18,879
Speaker 7: look at is actually where where where the world is heading?

607
00:27:19,720 --> 00:27:23,240
Speaker 4: Right? So we and even though beyond me isn't a.

608
00:27:23,240 --> 00:27:26,560
Speaker 7: Healthy move, Like, let's just be real, a lot of

609
00:27:26,600 --> 00:27:29,240
Speaker 7: people don't care about their hell, bro when.

610
00:27:29,119 --> 00:27:32,560
Speaker 2: You say it's not healthy because it's process.

611
00:27:32,960 --> 00:27:37,160
Speaker 7: But for somebody who is saying will be like, nah,

612
00:27:37,160 --> 00:27:38,760
Speaker 7: I'm not doing that, you know what I'm saying. But

613
00:27:38,800 --> 00:27:41,240
Speaker 7: somebody who like, yo, I'm trying to eat better. I

614
00:27:41,240 --> 00:27:43,640
Speaker 7: don't want eat meat no more. The first thing they're

615
00:27:43,640 --> 00:27:46,960
Speaker 7: gonna do beyond me, you know what I'm saying. And

616
00:27:47,000 --> 00:27:51,800
Speaker 7: then when you look at market share, like it's in

617
00:27:51,840 --> 00:27:55,240
Speaker 7: the fast food industry, it's partnering with fast foods, it's

618
00:27:55,320 --> 00:27:59,840
Speaker 7: partnering with your Trader Jeels. It's partnering with you know, overseas,

619
00:28:00,080 --> 00:28:02,880
Speaker 7: it's partnering with your dunkin Donuts, you know what I'm saying.

620
00:28:02,960 --> 00:28:06,000
Speaker 7: So like he moving like he out there he is,

621
00:28:06,119 --> 00:28:09,640
Speaker 7: Like it's like mix tape wheezy. Like I mean, I'm

622
00:28:09,680 --> 00:28:12,840
Speaker 7: everywhere you go. I'm there, I'm dropping a mixtape here

623
00:28:13,080 --> 00:28:14,720
Speaker 7: like that. I'm dripping a mixtape there.

624
00:28:14,880 --> 00:28:15,320
Speaker 4: I like that.

625
00:28:15,440 --> 00:28:16,040
Speaker 8: You know what I mean.

626
00:28:16,760 --> 00:28:18,880
Speaker 7: It's mixtaate wheezy. You know what I'm saying, Like I'm

627
00:28:19,440 --> 00:28:21,399
Speaker 7: putting it on my back. I'm gonna lead the way,

628
00:28:21,640 --> 00:28:23,119
Speaker 7: you know what I'm saying. And so you know, other

629
00:28:23,160 --> 00:28:26,320
Speaker 7: people gonna come, but I'm out here. But at the

630
00:28:26,359 --> 00:28:30,240
Speaker 7: same time, the minute somebody like McDonald's said, I was

631
00:28:30,280 --> 00:28:31,280
Speaker 7: just I was I was going.

632
00:28:31,359 --> 00:28:32,840
Speaker 3: The minute somebody like mcdonald' say.

633
00:28:32,760 --> 00:28:35,280
Speaker 4: No, I ain't. Ain't I'm not bumping that over here.

634
00:28:35,320 --> 00:28:36,000
Speaker 3: We don't. We don't.

635
00:28:36,280 --> 00:28:38,080
Speaker 5: And that's crazy that you said because in my mom

636
00:28:38,120 --> 00:28:40,720
Speaker 5: I'm thinking, like I'm happy you said beyond me because

637
00:28:40,720 --> 00:28:41,760
Speaker 5: I was invested in beyond me.

638
00:28:41,800 --> 00:28:44,240
Speaker 3: But when you hear somebody like McDonald's obviously.

639
00:28:44,000 --> 00:28:46,880
Speaker 5: A big real estate player, obviously McDonald's when they said

640
00:28:46,880 --> 00:28:48,640
Speaker 5: we don't need the middle man. We're not partnering with

641
00:28:48,640 --> 00:28:50,920
Speaker 5: like an impossible like Berry King did. What do you

642
00:28:50,960 --> 00:28:52,920
Speaker 5: think it does to the business of beyond me?

643
00:28:53,360 --> 00:28:56,480
Speaker 7: So what I love about them was this again your

644
00:28:56,560 --> 00:29:00,600
Speaker 7: mix taate wheezy. Right, it's a good song, but I'm

645
00:29:00,640 --> 00:29:03,400
Speaker 7: better on the hook. I'm better in it. So when

646
00:29:03,480 --> 00:29:07,200
Speaker 7: McDonald said that, what they said, hold up, don't forget

647
00:29:07,200 --> 00:29:11,040
Speaker 7: who you came to for that verse. Don't forget who

648
00:29:11,040 --> 00:29:14,640
Speaker 7: you came to. And so McDonald said, Okay, you're right.

649
00:29:14,760 --> 00:29:20,000
Speaker 7: We did partner with them and making the mech veggie

650
00:29:20,080 --> 00:29:22,400
Speaker 7: or whatever the mech plant like we did.

651
00:29:22,720 --> 00:29:24,880
Speaker 4: We did go to beyond me and get the formula.

652
00:29:25,520 --> 00:29:26,240
Speaker 4: You know what I'm saying.

653
00:29:26,320 --> 00:29:30,479
Speaker 7: So again I'm leading the industry like this me so

654
00:29:30,840 --> 00:29:32,720
Speaker 7: that to me, that's a great growth stock.

655
00:29:34,280 --> 00:29:36,520
Speaker 4: I'm not telling people to buy it here because I

656
00:29:36,560 --> 00:29:38,360
Speaker 4: got it at like sixty six dollars.

657
00:29:38,920 --> 00:29:39,840
Speaker 6: It's just an example.

658
00:29:40,000 --> 00:29:42,680
Speaker 7: It's just an example of the nature of a growth.

659
00:29:42,720 --> 00:29:44,400
Speaker 7: Like you can get up any given day and beyond

660
00:29:44,400 --> 00:29:45,520
Speaker 7: me to be down ten percent.

661
00:29:46,680 --> 00:29:46,959
Speaker 3: You're not.

662
00:29:47,000 --> 00:29:48,760
Speaker 4: But you can also get up any given day and

663
00:29:48,760 --> 00:29:50,080
Speaker 4: it run for three weeks straight.

664
00:29:51,080 --> 00:29:51,800
Speaker 8: You know what I'm saying.

665
00:29:53,480 --> 00:29:55,560
Speaker 7: You know what I'm saying, Like, so that's the that's

666
00:29:55,600 --> 00:29:57,840
Speaker 7: the example of that's a young buck, that's a growth stop.

667
00:29:57,920 --> 00:30:00,760
Speaker 2: Let me ask you this for common peo that might be,

668
00:30:01,640 --> 00:30:04,160
Speaker 2: you know, struggling just to just to have enough money

669
00:30:04,160 --> 00:30:07,400
Speaker 2: to pay bills, right, what would be your suggestion to

670
00:30:07,480 --> 00:30:10,440
Speaker 2: kind of what's a good starter way for them to

671
00:30:10,520 --> 00:30:11,920
Speaker 2: actually start investing?

672
00:30:13,640 --> 00:30:14,479
Speaker 6: Like what's your opinion?

673
00:30:14,480 --> 00:30:16,120
Speaker 2: Because I know, like you know what I'm saying, a

674
00:30:16,120 --> 00:30:18,200
Speaker 2: lot of times people might that might be a hurdle

675
00:30:18,280 --> 00:30:20,520
Speaker 2: for them to be like, well, I don't really have

676
00:30:20,680 --> 00:30:23,719
Speaker 2: enough discretionary income to put money into the stock market.

677
00:30:24,080 --> 00:30:25,840
Speaker 6: What's your what's your what's your thoughts for them?

678
00:30:26,120 --> 00:30:28,600
Speaker 7: So let me make sure I understand what you're saying, right,

679
00:30:28,640 --> 00:30:31,000
Speaker 7: Like you're saying they don't have enough money to invest,

680
00:30:31,120 --> 00:30:31,920
Speaker 7: how should they start?

681
00:30:32,800 --> 00:30:34,720
Speaker 2: I'm gonna make sure I can answer it right no,

682
00:30:34,840 --> 00:30:36,840
Speaker 2: like as far as like if they if they're struggling

683
00:30:36,880 --> 00:30:40,080
Speaker 2: to invest, Like, what's some like what would be like

684
00:30:40,280 --> 00:30:42,200
Speaker 2: because for me, I'm looking at like even like an

685
00:30:42,640 --> 00:30:45,400
Speaker 2: HSA right where people a lot of times might not

686
00:30:45,440 --> 00:30:47,440
Speaker 2: be familiar with that, Like that's the way to actually

687
00:30:47,480 --> 00:30:50,440
Speaker 2: start investing via your health insurance. It's like a backdoor

688
00:30:50,480 --> 00:30:53,200
Speaker 2: investment way. People don't know what h HSA is. It's

689
00:30:53,240 --> 00:30:55,760
Speaker 2: a health savings account and break that down. Yeah, so

690
00:30:56,120 --> 00:30:57,880
Speaker 2: like the health savings account is so like you have

691
00:30:57,920 --> 00:31:00,520
Speaker 2: like a high deductible health plan, right, which is like

692
00:31:00,640 --> 00:31:02,920
Speaker 2: very propulable young Like I have a high deductible health plan.

693
00:31:03,040 --> 00:31:05,120
Speaker 2: And it's like usually when you don't go to the

694
00:31:05,160 --> 00:31:09,600
Speaker 2: doctor a lot, your premium, Like why would you pay

695
00:31:09,600 --> 00:31:12,400
Speaker 2: for the regular health plan like an HMO or PPO

696
00:31:12,760 --> 00:31:14,880
Speaker 2: when you can get a high deductible health plan. But

697
00:31:14,960 --> 00:31:16,560
Speaker 2: the thing with the high deductible health plan is that

698
00:31:16,640 --> 00:31:19,760
Speaker 2: it's a higher deductible, right, So it's like let's say

699
00:31:19,800 --> 00:31:23,400
Speaker 2: you got the PPO, the premium might be like, let's

700
00:31:23,400 --> 00:31:26,720
Speaker 2: say four hundred dollars a month, but with the high

701
00:31:26,720 --> 00:31:30,560
Speaker 2: deductible plan, it's two hundred dollars a month. But your

702
00:31:30,600 --> 00:31:34,480
Speaker 2: deductible is a lot higher. Deductible might be two times

703
00:31:34,520 --> 00:31:37,360
Speaker 2: higher than the PPO. So if you if you go

704
00:31:37,480 --> 00:31:39,760
Speaker 2: too many times you get caught out there, you got

705
00:31:39,760 --> 00:31:41,120
Speaker 2: to pay more money out of pocket.

706
00:31:41,600 --> 00:31:43,080
Speaker 6: So it's a calculated risk.

707
00:31:43,600 --> 00:31:45,440
Speaker 2: But a lot of young The reason why I mentioned

708
00:31:45,520 --> 00:31:47,440
Speaker 2: is that a lot of young people and a lot

709
00:31:47,480 --> 00:31:50,120
Speaker 2: of people with every dollar's count. They might either they

710
00:31:50,120 --> 00:31:52,320
Speaker 2: don't go to the doctor that much, or they're just

711
00:31:52,360 --> 00:31:55,400
Speaker 2: making financial decisions where it's like, you know what, I

712
00:31:55,440 --> 00:31:57,800
Speaker 2: really can't afford the PPO, so I'm gonna do the

713
00:31:57,880 --> 00:32:01,400
Speaker 2: high deductible or whatever. So one of the good things

714
00:32:01,400 --> 00:32:03,360
Speaker 2: with the high deductible plan is that allows you with

715
00:32:03,440 --> 00:32:06,640
Speaker 2: the health savings account. So with the Health Savings Account,

716
00:32:06,680 --> 00:32:10,320
Speaker 2: it's pretty much like a savings that you're putting money

717
00:32:10,400 --> 00:32:13,440
Speaker 2: into to pay for that deductible or any out of

718
00:32:13,480 --> 00:32:16,120
Speaker 2: pocket expenses that you may have. Right, But the good

719
00:32:16,160 --> 00:32:18,400
Speaker 2: thing is that the money comes up out of your

720
00:32:18,440 --> 00:32:20,880
Speaker 2: paycheck before you actually get paid. It's like the four

721
00:32:20,960 --> 00:32:23,120
Speaker 2: one K Okay, you know what I'm saying. So it

722
00:32:23,240 --> 00:32:26,000
Speaker 2: actually lowers your taxable income because it's the thing with

723
00:32:26,040 --> 00:32:28,240
Speaker 2: the four to one K is that when you put

724
00:32:28,280 --> 00:32:30,000
Speaker 2: money into a four on one case, what's called pre

725
00:32:30,080 --> 00:32:30,520
Speaker 2: tax dollars.

726
00:32:30,560 --> 00:32:30,960
Speaker 3: You know that.

727
00:32:31,360 --> 00:32:33,080
Speaker 2: So it's like, if you're making one hundred thousand and

728
00:32:33,080 --> 00:32:35,080
Speaker 2: you put ten thousand in, now you're taxed on ninety

729
00:32:35,120 --> 00:32:37,800
Speaker 2: thousand because it lowers your taxable income by ten thousand dollars.

730
00:32:38,160 --> 00:32:40,840
Speaker 2: So now with the HSA, like the most you can

731
00:32:40,880 --> 00:32:43,080
Speaker 2: put in is thirty five hundred, thirty five to fifty

732
00:32:43,080 --> 00:32:45,680
Speaker 2: for a single person in seventy one hundred for a family.

733
00:32:45,880 --> 00:32:48,800
Speaker 2: So let's say you put three thousand dollars into the HSA,

734
00:32:48,920 --> 00:32:51,560
Speaker 2: So now that you're making, you know, sixty thousand dollars,

735
00:32:51,560 --> 00:32:54,400
Speaker 2: and now it lowers your taxable income, so you're not

736
00:32:54,440 --> 00:32:55,600
Speaker 2: paying any taxes on it.

737
00:32:55,680 --> 00:32:55,920
Speaker 6: Right.

738
00:32:56,160 --> 00:32:58,120
Speaker 2: But the cool thing about it is that it can

739
00:32:58,200 --> 00:33:00,760
Speaker 2: actually be invested, like how four one k, So you

740
00:33:00,800 --> 00:33:03,200
Speaker 2: can put it in like different type of investments, stock

741
00:33:03,240 --> 00:33:06,960
Speaker 2: market investments, mutual fund stuff like that, and now the

742
00:33:07,040 --> 00:33:09,040
Speaker 2: money grows. So now let's say you put like three

743
00:33:09,040 --> 00:33:10,840
Speaker 2: thousand dollars in for one year, right, but you got

744
00:33:10,840 --> 00:33:12,080
Speaker 2: to go to the eye doctor and you gotta get

745
00:33:12,080 --> 00:33:15,120
Speaker 2: glasses or whatever, any type of medical expense. Instead of

746
00:33:15,360 --> 00:33:18,080
Speaker 2: not having money to pay for it, you've been saving

747
00:33:18,160 --> 00:33:20,160
Speaker 2: and you just use your HSA and they give you

748
00:33:20,200 --> 00:33:22,920
Speaker 2: like a debit card and all that. But if you

749
00:33:22,960 --> 00:33:25,280
Speaker 2: don't go to the doctor, because it's a calculated risk, right,

750
00:33:25,360 --> 00:33:27,280
Speaker 2: that's the whole point of having a high deductible plan,

751
00:33:27,320 --> 00:33:29,080
Speaker 2: You're not going to the doctor. So if you don't

752
00:33:29,120 --> 00:33:31,560
Speaker 2: go to the doctor, what happens is that that money

753
00:33:31,640 --> 00:33:34,720
Speaker 2: rolls over and to the next year. So now next

754
00:33:34,760 --> 00:33:37,400
Speaker 2: year you start with three thousand, right, So what happens

755
00:33:37,440 --> 00:33:39,840
Speaker 2: is that the money grows, and it's kind of similar

756
00:33:39,880 --> 00:33:43,120
Speaker 2: to an IRA because at the age sixty five, you

757
00:33:43,160 --> 00:33:45,560
Speaker 2: can actually take that money out without paying a penalty.

758
00:33:45,760 --> 00:33:48,040
Speaker 2: You take it out before you get a penalty. Now

759
00:33:48,080 --> 00:33:50,440
Speaker 2: it's sixty five, you can take the money out. You

760
00:33:50,520 --> 00:33:52,680
Speaker 2: just pay state and federal tax. You don't pay a

761
00:33:52,720 --> 00:33:55,160
Speaker 2: ten percent penalty or twenty percent penalty for taking the

762
00:33:55,200 --> 00:33:58,640
Speaker 2: money out early. So that's kind of like a backdoor way,

763
00:33:58,760 --> 00:34:01,600
Speaker 2: like for me opinion, where it's like, I gotta save

764
00:34:01,640 --> 00:34:02,800
Speaker 2: money for my health insurance.

765
00:34:03,200 --> 00:34:05,760
Speaker 6: So if my budget was let's say four.

766
00:34:05,720 --> 00:34:08,319
Speaker 2: Hundred dollars a month, right, I'd rather do the high

767
00:34:08,360 --> 00:34:11,800
Speaker 2: deductible plan, put two hundred towards the premium two hundred

768
00:34:11,880 --> 00:34:14,080
Speaker 2: towards the HSA. If I got to use it for that,

769
00:34:14,360 --> 00:34:17,279
Speaker 2: I'm gonna use it anyway. But if not, now that's

770
00:34:17,280 --> 00:34:19,360
Speaker 2: going to be like an investment, you know what I'm saying.

771
00:34:19,719 --> 00:34:22,040
Speaker 2: A couple thousand dollars over the course of time adds up.

772
00:34:22,040 --> 00:34:24,680
Speaker 2: You might have one hundred thousand dollars in thirty years.

773
00:34:24,680 --> 00:34:26,120
Speaker 5: I'm from the world where it was like, yo, if

774
00:34:26,160 --> 00:34:29,279
Speaker 5: you didn't use your benefits this year, they don't roll

775
00:34:29,280 --> 00:34:29,799
Speaker 5: over the next.

776
00:34:30,040 --> 00:34:32,440
Speaker 3: It's like you better use it by the eleventh of November.

777
00:34:32,960 --> 00:34:34,840
Speaker 2: But the thing about it is it's so many different

778
00:34:34,880 --> 00:34:37,680
Speaker 2: things as far as like even with the four one K,

779
00:34:37,760 --> 00:34:39,400
Speaker 2: people don't know that you got a raw four one

780
00:34:39,440 --> 00:34:41,160
Speaker 2: K option you might have that, like and it's like

781
00:34:41,600 --> 00:34:43,440
Speaker 2: you don't even know a lot of times what's offered

782
00:34:43,480 --> 00:34:45,799
Speaker 2: at your job, right, And this is why education is

783
00:34:45,840 --> 00:34:46,400
Speaker 2: so important.

784
00:34:46,440 --> 00:34:47,160
Speaker 6: Like you know what I'm saying.

785
00:34:47,160 --> 00:34:50,920
Speaker 2: It's like little stuff like that might change the direction

786
00:34:51,040 --> 00:34:53,560
Speaker 2: of your bro you know what I'm saying.

787
00:34:53,920 --> 00:34:56,919
Speaker 5: You get that email like in this world, in this world, yeah,

788
00:34:56,920 --> 00:34:58,719
Speaker 5: you're not familiar with this has been a while, right,

789
00:34:58,760 --> 00:35:00,520
Speaker 5: So in this one, like they give you a like, Yo,

790
00:35:00,600 --> 00:35:03,320
Speaker 5: this financial advisor is coming on December fifteenth if you

791
00:35:03,360 --> 00:35:05,520
Speaker 5: want a schedule appointment, And it'd be something like the

792
00:35:05,800 --> 00:35:08,719
Speaker 5: dude with ball headed with glasses and he talking to

793
00:35:08,800 --> 00:35:09,560
Speaker 5: you and you're like, Yo, what is.

794
00:35:09,560 --> 00:35:10,160
Speaker 3: He talking about?

795
00:35:10,160 --> 00:35:11,440
Speaker 5: You know what I'm saying, But like this type of

796
00:35:11,440 --> 00:35:13,680
Speaker 5: information is like yo, people just knew it.

797
00:35:14,160 --> 00:35:16,880
Speaker 2: Yeah man, But so yeah, so like for you, like

798
00:35:17,760 --> 00:35:19,960
Speaker 2: I want you to really hammer a home, like even

799
00:35:20,000 --> 00:35:22,120
Speaker 2: you could save even one hundred dollars more right, I

800
00:35:22,120 --> 00:35:24,080
Speaker 2: got you fifty dollars a month, gotcha.

801
00:35:24,360 --> 00:35:26,160
Speaker 7: Yeah, So let me say this first. Man, I say

802
00:35:26,200 --> 00:35:28,439
Speaker 7: this on Trapping Tuesday all the time, and I don't

803
00:35:28,440 --> 00:35:31,560
Speaker 7: know if people be thinking I'd be dead serious. Yo, Listen,

804
00:35:32,120 --> 00:35:37,600
Speaker 7: I'm not a fiduciary or financial advisor. Know that everything

805
00:35:37,640 --> 00:35:39,800
Speaker 7: I say is for entertainment purposes.

806
00:35:39,800 --> 00:35:40,799
Speaker 3: On well, you can take him.

807
00:35:40,880 --> 00:35:44,000
Speaker 7: If you can't mitigate the risk, you must seek out

808
00:35:44,160 --> 00:35:45,480
Speaker 7: financial advisory.

809
00:35:46,120 --> 00:35:47,879
Speaker 4: I'm not one, but I know one by the name

810
00:35:47,920 --> 00:35:53,520
Speaker 4: of Rasha podcast. He can take you to glory. I

811
00:35:53,520 --> 00:35:54,360
Speaker 4: can just take you to this.

812
00:35:55,840 --> 00:35:59,799
Speaker 7: Listen, this dude is so smart they sleep on I'd

813
00:35:59,800 --> 00:36:02,200
Speaker 7: say that every Tuesday, man, and people be laughing.

814
00:36:02,239 --> 00:36:03,520
Speaker 4: But this dude is brilliant.

815
00:36:03,560 --> 00:36:06,640
Speaker 7: Man, you he just broke that dumb he had me

816
00:36:06,760 --> 00:36:08,760
Speaker 7: like I just got Blue Cross.

817
00:36:12,239 --> 00:36:17,279
Speaker 4: I'm happy I got to call this guy when he

818
00:36:17,480 --> 00:36:21,200
Speaker 4: come with I got an idea, I'm saying. But that's

819
00:36:21,239 --> 00:36:22,239
Speaker 4: that's that's real talk.

820
00:36:22,320 --> 00:36:22,520
Speaker 6: Man.

821
00:36:22,600 --> 00:36:24,400
Speaker 7: So one of the things I like to do is

822
00:36:24,440 --> 00:36:26,680
Speaker 7: tell people to say, try to save ten percent whatever

823
00:36:26,680 --> 00:36:28,799
Speaker 7: they make, write whatever you make it. If you get

824
00:36:28,800 --> 00:36:31,239
Speaker 7: one hundred dollars a week, save ten percent. If you

825
00:36:31,280 --> 00:36:33,720
Speaker 7: get one hundred dollars every two weeks, save ten percent.

826
00:36:34,080 --> 00:36:37,080
Speaker 7: And so the easiest way to get in the market,

827
00:36:37,200 --> 00:36:40,200
Speaker 7: because we understand that the stock market does for you

828
00:36:41,440 --> 00:36:43,040
Speaker 7: way more than putting your money in the.

829
00:36:43,040 --> 00:36:43,759
Speaker 3: Bank to do for you.

830
00:36:44,160 --> 00:36:48,080
Speaker 7: Right, we already understand. We all have beat that drum forever, right,

831
00:36:48,200 --> 00:36:49,960
Speaker 7: And so one of the things you can do is

832
00:36:49,960 --> 00:36:53,480
Speaker 7: get into index funds on ets, right. And the reason

833
00:36:53,560 --> 00:36:56,279
Speaker 7: being is because so let's say you not, you're not

834
00:36:56,520 --> 00:36:59,600
Speaker 7: You're not comfortable enough to say, let me buy a Tesla.

835
00:37:00,400 --> 00:37:02,560
Speaker 7: I don't have enough to buy a Tesla right now.

836
00:37:03,440 --> 00:37:06,960
Speaker 7: I ain't my risk tolerance it's not there yet to

837
00:37:07,120 --> 00:37:10,600
Speaker 7: see beyond meat go down five ten percent and still

838
00:37:10,640 --> 00:37:11,040
Speaker 7: be there.

839
00:37:11,360 --> 00:37:11,480
Speaker 8: Right.

840
00:37:11,520 --> 00:37:13,960
Speaker 7: And most people don't even understand, you know. And it's

841
00:37:13,960 --> 00:37:15,799
Speaker 7: not because they don't know it because these haven't been

842
00:37:15,800 --> 00:37:18,239
Speaker 7: exposed to it yet. They don't know that if the

843
00:37:18,239 --> 00:37:20,399
Speaker 7: stock you bought it at thirty dollars and it goes

844
00:37:20,440 --> 00:37:22,680
Speaker 7: down to twenty eight, most people in nay, mine, I

845
00:37:22,719 --> 00:37:24,600
Speaker 7: lost some money, you know what I'm saying.

846
00:37:24,600 --> 00:37:25,520
Speaker 3: And that's not the case.

847
00:37:25,840 --> 00:37:28,239
Speaker 7: So one of the best things I would say for

848
00:37:28,280 --> 00:37:31,279
Speaker 7: people to do is buy index funds like ETS when

849
00:37:31,320 --> 00:37:34,080
Speaker 7: you first got in the game, ets for me ets

850
00:37:34,120 --> 00:37:36,239
Speaker 7: better than index funds, you know what I'm saying. And

851
00:37:36,280 --> 00:37:39,040
Speaker 7: it's simply because now you can get exposure to a

852
00:37:39,200 --> 00:37:42,360
Speaker 7: specific industry, right and I know an episode for the

853
00:37:42,400 --> 00:37:46,120
Speaker 7: full the Classic, we broke some now, but in the reup,

854
00:37:46,320 --> 00:37:50,440
Speaker 7: we're gonna reenter it. So it's an ETF. It's simple

855
00:37:50,480 --> 00:37:53,399
Speaker 7: where let's say I wanted to buy some marijuana stocks, right,

856
00:37:53,440 --> 00:37:56,160
Speaker 7: but I know that's kind of a volatile industry.

857
00:37:56,200 --> 00:37:57,360
Speaker 3: It's full of young bucks.

858
00:37:57,640 --> 00:37:59,320
Speaker 7: You know what I'm saying. It's full of young bucks.

859
00:37:59,360 --> 00:38:02,400
Speaker 7: So what happens is you can buy the marijuana ETF.

860
00:38:02,480 --> 00:38:05,200
Speaker 7: And now depending on which one you buy, whether it's Yolo,

861
00:38:05,320 --> 00:38:07,600
Speaker 7: whether it's MG, you know what I'm saying. Now you

862
00:38:07,680 --> 00:38:11,840
Speaker 7: have fifteen twenty marijuana stocks at one time, right, and

863
00:38:11,920 --> 00:38:14,000
Speaker 7: now if one or two of them down, or three

864
00:38:14,000 --> 00:38:17,520
Speaker 7: of them down, the whole industry, the whole ETF might

865
00:38:17,560 --> 00:38:20,319
Speaker 7: go down fifty cent, right, Whereas if you and.

866
00:38:20,360 --> 00:38:22,440
Speaker 8: That erners what's up?

867
00:38:22,520 --> 00:38:25,000
Speaker 5: You ever walk into a small business and everything just

868
00:38:25,120 --> 00:38:28,320
Speaker 5: works like the checkout is fast, the receipts are digital.

869
00:38:28,840 --> 00:38:31,799
Speaker 5: Tipping is a breeze and you're out the door before

870
00:38:31,840 --> 00:38:36,000
Speaker 5: the line even builds odds are they're using Square. We

871
00:38:36,160 --> 00:38:38,680
Speaker 5: love supporting businesses that run on Square because it just

872
00:38:38,719 --> 00:38:41,960
Speaker 5: feels seamless. Whether it's a local coffee shop, a vendor

873
00:38:42,000 --> 00:38:44,279
Speaker 5: at a pop up market, or even one of our

874
00:38:44,320 --> 00:38:47,960
Speaker 5: merch partners, Square makes it easy for them to take payments,

875
00:38:48,200 --> 00:38:51,879
Speaker 5: manage inventory, and run their business with confidence, all from

876
00:38:52,000 --> 00:38:55,400
Speaker 5: one simple system. If you're a business owner or even

877
00:38:55,520 --> 00:38:59,040
Speaker 5: just thinking about launching something soon, Square is hands down

878
00:38:59,040 --> 00:39:02,080
Speaker 5: one of the best tools out there to help you start, run,

879
00:39:02,320 --> 00:39:05,600
Speaker 5: and grow. It's not just about payments, it's about giving

880
00:39:05,680 --> 00:39:08,320
Speaker 5: you time back so you can focus on what matters

881
00:39:08,360 --> 00:39:11,640
Speaker 5: most ready. To see how Square can transform your business,

882
00:39:11,880 --> 00:39:16,520
Speaker 5: visit Square dot com backslash, go backslash eyl to learn

883
00:39:16,560 --> 00:39:21,759
Speaker 5: more that Square dot com backslash, go backslash eyl. Don't wait,

884
00:39:22,080 --> 00:39:24,880
Speaker 5: don't hesitate, Let Square handle the back end so you

885
00:39:24,920 --> 00:39:31,239
Speaker 5: can keep pushing your vision forward. This episode is brought

886
00:39:31,280 --> 00:39:33,160
Speaker 5: to you by P and C Bank. A lot of

887
00:39:33,200 --> 00:39:36,799
Speaker 5: people think podcasts about work are boring, and sure they

888
00:39:36,840 --> 00:39:40,719
Speaker 5: definitely can be, but understanding a professionals routine shows us

889
00:39:40,760 --> 00:39:45,279
Speaker 5: how they achieve their success little by little, day after day.

890
00:39:45,360 --> 00:39:47,879
Speaker 5: It's like banking with P and C Bank. It might

891
00:39:47,960 --> 00:39:50,840
Speaker 5: seem boring to save, plan and make calculated decisions with

892
00:39:50,920 --> 00:39:53,920
Speaker 5: your bank, but keeping your money boring is what helps

893
00:39:53,960 --> 00:39:57,040
Speaker 5: you live or more happily fulfilled life. P and C

894
00:39:57,200 --> 00:40:02,720
Speaker 5: Bank Brilliantly Boring since eighteen six, Brilliantly Boring since eighteen

895
00:40:02,800 --> 00:40:05,640
Speaker 5: sixty five is a service mark of the PNC Financial

896
00:40:05,640 --> 00:40:10,280
Speaker 5: Service Group, Inc. PNC Bank National Association Member FDIC.

897
00:40:12,200 --> 00:40:15,600
Speaker 10: With Robinhood, not only can you trade individual stocks and ETFs,

898
00:40:15,760 --> 00:40:19,640
Speaker 10: you can also seamlessly buy and sell crypto at low costs.

899
00:40:19,880 --> 00:40:23,280
Speaker 10: Trade all in one place. Get started now on robin

900
00:40:23,280 --> 00:40:26,000
Speaker 10: Hood Trading Crypto invalve significant risk. Crypto trading is offered

901
00:40:26,000 --> 00:40:28,360
Speaker 10: through account with the Robinhood Crypto LLC. Robin Hunt Crypto

902
00:40:28,400 --> 00:40:30,560
Speaker 10: is licensed to engage in virtual currency business activity by

903
00:40:30,560 --> 00:40:32,600
Speaker 10: the New York State Department of Financial Services. Crypto healthro

904
00:40:32,680 --> 00:40:35,640
Speaker 10: Robert Hude Crypto is not FDIC insured SIPC protected investing

905
00:40:35,640 --> 00:40:38,080
Speaker 10: in VOSS risk including loss of principle securities. Trading is

906
00:40:38,080 --> 00:40:40,800
Speaker 10: offered through an account with robin Hood Financial LLC member SIPC,

907
00:40:41,040 --> 00:40:42,120
Speaker 10: a registered broker dealer.

908
00:40:42,360 --> 00:40:44,919
Speaker 7: One stock that went down any given morning, you week

909
00:40:45,000 --> 00:40:46,560
Speaker 7: up and you down eight dollars.

910
00:40:46,880 --> 00:40:47,600
Speaker 3: You know what I'm saying.

911
00:40:47,640 --> 00:40:51,759
Speaker 7: So, and also with indexes funds and ETOs, I'm not

912
00:40:51,840 --> 00:40:56,600
Speaker 7: a fan of dollar cost averaging because that allows me

913
00:40:56,680 --> 00:40:59,720
Speaker 7: to buy stocks over priced over time. But with index

914
00:40:59,760 --> 00:41:03,279
Speaker 7: funds in ETFs that are fifty dollars sixty dollars, you

915
00:41:03,320 --> 00:41:04,799
Speaker 7: can buy into those every time.

916
00:41:04,840 --> 00:41:07,279
Speaker 2: And dollar cost averaging for anybody is when you put

917
00:41:07,320 --> 00:41:10,480
Speaker 2: money in every single month, for every single period of time.

918
00:41:10,320 --> 00:41:11,120
Speaker 6: Every week or whatever.

919
00:41:11,200 --> 00:41:14,239
Speaker 7: Yeah, so if you're buying Apple, you will buy no

920
00:41:14,239 --> 00:41:15,319
Speaker 7: matter what the price is.

921
00:41:15,440 --> 00:41:16,319
Speaker 6: Every first of the month.

922
00:41:16,440 --> 00:41:19,040
Speaker 7: You buying Apple, no matter what the price is, you

923
00:41:19,160 --> 00:41:22,239
Speaker 7: buying it there just to stay in right, And so

924
00:41:22,280 --> 00:41:25,640
Speaker 7: for me, I'm not a dollar cost averaging person. I'm

925
00:41:25,640 --> 00:41:28,919
Speaker 7: an averaging down type of person. Right, and averaging down

926
00:41:29,000 --> 00:41:31,840
Speaker 7: is saying I found it, I bought it at fifteen dollars.

927
00:41:32,000 --> 00:41:33,480
Speaker 7: I don't care if it run all the way up.

928
00:41:33,800 --> 00:41:37,600
Speaker 7: Right Now, what I do is, I'm every half a year,

929
00:41:37,800 --> 00:41:40,799
Speaker 7: every two quarters, I reevaluate every stock I'm invested in

930
00:41:41,160 --> 00:41:42,400
Speaker 7: right to understand.

931
00:41:42,000 --> 00:41:43,200
Speaker 4: What the value is at.

932
00:41:43,400 --> 00:41:47,640
Speaker 7: So now if the stock price dips, I'm not buying it.

933
00:41:47,680 --> 00:41:50,120
Speaker 7: But it dips at a below value price, I can

934
00:41:50,160 --> 00:41:50,560
Speaker 7: buy it.

935
00:41:50,680 --> 00:41:50,839
Speaker 6: Right.

936
00:41:50,920 --> 00:41:55,240
Speaker 7: So example, I bought Amazon in twenty eighteen at nineteen

937
00:41:55,320 --> 00:42:01,760
Speaker 7: hundred dollars. I bought it in October November December eighteen.

938
00:42:01,800 --> 00:42:05,200
Speaker 7: The market went into a correction, you know what I'm saying,

939
00:42:05,239 --> 00:42:08,960
Speaker 7: and it went from nineteen to seventeen, nineteen hundred to

940
00:42:09,000 --> 00:42:11,520
Speaker 7: seventeen hundred. I bought it at seventeen hundred. Now what

941
00:42:11,600 --> 00:42:14,920
Speaker 7: that does is that brings my nineteen hundred dollars buying

942
00:42:15,000 --> 00:42:18,920
Speaker 7: price down to about eighteen twenty five. Right, So now

943
00:42:18,960 --> 00:42:22,000
Speaker 7: don't got a way to get to nineteen to see profit.

944
00:42:22,239 --> 00:42:25,439
Speaker 7: I can start seeing profit again at eighteen seventy five, right,

945
00:42:25,480 --> 00:42:29,080
Speaker 7: And so then it went from eighteen to sixteen. I

946
00:42:29,120 --> 00:42:32,040
Speaker 7: bought two moshas at sixteen. So now instead of me

947
00:42:32,040 --> 00:42:35,160
Speaker 7: seeing profit at eighteen seventy five, I can probably see

948
00:42:35,160 --> 00:42:38,239
Speaker 7: profit now at like seventeen eighty or something like that.

949
00:42:38,320 --> 00:42:38,640
Speaker 4: Right.

950
00:42:39,000 --> 00:42:43,319
Speaker 7: And then it went down from seventeen, I mean, from

951
00:42:43,400 --> 00:42:45,680
Speaker 7: seventeen to fifteen, I missed it and I got it

952
00:42:45,719 --> 00:42:48,720
Speaker 7: again at thirteen. So now instead of me seeing profit

953
00:42:48,760 --> 00:42:53,719
Speaker 7: at nineteen, I now got profits at sixteen hundred when

954
00:42:53,719 --> 00:42:55,560
Speaker 7: I bought it, at thirteen forty three. It brought my

955
00:42:55,600 --> 00:42:58,080
Speaker 7: cost basis all the way down to like sixteen seventy five.

956
00:42:58,520 --> 00:43:00,359
Speaker 7: You feel what I'm saying. So I'm with by at

957
00:43:00,400 --> 00:43:02,480
Speaker 7: discount over a period of time.

958
00:43:02,880 --> 00:43:03,680
Speaker 3: I'm okay with that.

959
00:43:03,719 --> 00:43:06,600
Speaker 4: And I told Smalls that I was like, yo, I

960
00:43:06,640 --> 00:43:11,040
Speaker 4: don't like green markets. I like blood. I like blood.

961
00:43:11,400 --> 00:43:13,480
Speaker 7: You know what I'm saying, because that means I can

962
00:43:13,520 --> 00:43:16,239
Speaker 7: get stuff at a discount. But back to what we

963
00:43:16,239 --> 00:43:20,960
Speaker 7: were saying, So with individual stocks, I'm a dollar cost average.

964
00:43:21,239 --> 00:43:24,719
Speaker 7: But with index funds and ETFs, it's a great way

965
00:43:24,760 --> 00:43:28,200
Speaker 7: for you to.

966
00:43:26,719 --> 00:43:29,040
Speaker 2: Get in with a lower amount every time because there's

967
00:43:29,200 --> 00:43:30,480
Speaker 2: there's not the same requirement that.

968
00:43:30,440 --> 00:43:31,640
Speaker 3: You have to put that requirements.

969
00:43:31,680 --> 00:43:33,560
Speaker 7: So now I can get in like you can get

970
00:43:33,600 --> 00:43:38,280
Speaker 7: I think one is the one besides the ETF. Another

971
00:43:38,400 --> 00:43:42,120
Speaker 7: in one is the there's like a high dividend ETF

972
00:43:42,680 --> 00:43:45,280
Speaker 7: right way, it's like forty two dollars.

973
00:43:45,200 --> 00:43:47,640
Speaker 4: Right and you can get in it every month. You

974
00:43:47,640 --> 00:43:48,200
Speaker 4: know what I'm saying.

975
00:43:48,239 --> 00:43:50,440
Speaker 7: You can put you know, you saving ten percent of

976
00:43:50,480 --> 00:43:53,000
Speaker 7: your money every week, So that means once a month

977
00:43:53,040 --> 00:43:53,960
Speaker 7: you can be able to get.

978
00:43:53,840 --> 00:43:54,680
Speaker 3: This index fund.

979
00:43:54,920 --> 00:43:57,200
Speaker 7: And it's this ETF and one of the things you

980
00:43:57,200 --> 00:44:00,520
Speaker 7: can do is you can just say great dividend to

981
00:44:00,560 --> 00:44:03,560
Speaker 7: invest in, right, and then the ETF itself is gonna

982
00:44:03,680 --> 00:44:06,360
Speaker 7: they've now done the homework for you. They've put the

983
00:44:06,400 --> 00:44:09,200
Speaker 7: best dividend ETFs in that ETF, I mean the best

984
00:44:09,200 --> 00:44:10,640
Speaker 7: dividend stocks in that ETF.

985
00:44:10,920 --> 00:44:11,879
Speaker 4: So now you don't have.

986
00:44:11,840 --> 00:44:14,319
Speaker 7: To let me research this, let me research that. You

987
00:44:14,400 --> 00:44:16,799
Speaker 7: just look at the performance, how has it performed over

988
00:44:16,840 --> 00:44:19,439
Speaker 7: the last year, five years, and you say, okay, cool,

989
00:44:19,480 --> 00:44:21,680
Speaker 7: every month, I'm gonna just put fifty dollars in here, right,

990
00:44:21,800 --> 00:44:24,000
Speaker 7: one hundred dollars in a year, and you can just keep

991
00:44:24,040 --> 00:44:25,120
Speaker 7: doing that.

992
00:44:25,120 --> 00:44:25,960
Speaker 4: That's a great way.

993
00:44:25,880 --> 00:44:27,799
Speaker 5: When we're doing When we're doing that with are we

994
00:44:27,880 --> 00:44:29,480
Speaker 5: looking into the expense ratios as well?

995
00:44:29,520 --> 00:44:32,000
Speaker 7: Of course, And it's just for that so in case

996
00:44:32,000 --> 00:44:34,400
Speaker 7: people don't know what the expense ratio is, that's just

997
00:44:34,440 --> 00:44:38,680
Speaker 7: simply how much you're paying someone to run this, and

998
00:44:39,080 --> 00:44:42,319
Speaker 7: it's extremely cheap, like it's cheap like for me when

999
00:44:42,320 --> 00:44:44,279
Speaker 7: I'm looking at expense ratios, I want it to be

1000
00:44:44,440 --> 00:44:47,160
Speaker 7: less than one, right, So it's less than one, so

1001
00:44:47,160 --> 00:44:49,360
Speaker 7: I'm paying them less than one percent.

1002
00:44:49,440 --> 00:44:51,400
Speaker 4: And so with these ETFs, a lot of times you

1003
00:44:51,400 --> 00:44:51,840
Speaker 4: can get.

1004
00:44:51,719 --> 00:44:54,640
Speaker 7: Them at zero point seventy five percent, zero point sixty

1005
00:44:54,680 --> 00:44:57,400
Speaker 7: five percent, zero point fifty cents. That's something like for

1006
00:44:57,440 --> 00:44:59,840
Speaker 7: every thousand dollars you pay them five dollars.

1007
00:45:00,160 --> 00:45:01,640
Speaker 5: You know, I think that's I think that's something like

1008
00:45:01,960 --> 00:45:04,520
Speaker 5: people don't even realize, right, like you're actually paying that.

1009
00:45:04,600 --> 00:45:05,960
Speaker 3: Yeah, you know what I'm saying. It's like kind of

1010
00:45:05,960 --> 00:45:06,279
Speaker 3: a hit and.

1011
00:45:06,400 --> 00:45:08,480
Speaker 7: You're not gonna feel it because what's gonna happen is

1012
00:45:08,760 --> 00:45:12,160
Speaker 7: it's called passive investment. So now what happens is once

1013
00:45:12,200 --> 00:45:15,799
Speaker 7: a year, whatever your returns off for the year, they

1014
00:45:15,800 --> 00:45:17,000
Speaker 7: will take five dollars out.

1015
00:45:17,160 --> 00:45:19,240
Speaker 3: You're not gonna see it, you know what I'm saying.

1016
00:45:19,440 --> 00:45:22,600
Speaker 7: So I don't mind if you don't really know too much,

1017
00:45:22,600 --> 00:45:25,000
Speaker 7: and that gives you time to be in the market.

1018
00:45:25,080 --> 00:45:27,799
Speaker 7: One of the things I always say is time in

1019
00:45:27,840 --> 00:45:30,640
Speaker 7: the market is better than time meanings the market.

1020
00:45:31,680 --> 00:45:33,640
Speaker 6: Right, say that, Say that again, say.

1021
00:45:33,440 --> 00:45:35,920
Speaker 4: That it was a negro spiritual.

1022
00:45:42,840 --> 00:45:53,120
Speaker 7: Yeah so so so time in the market. The fact,

1023
00:45:53,600 --> 00:45:57,480
Speaker 7: time in the market is better than time meaning the market, right,

1024
00:45:57,520 --> 00:45:59,839
Speaker 7: So just that experience, you know what I'm saying, being

1025
00:45:59,880 --> 00:46:02,160
Speaker 7: in the market every day, putting your money in those

1026
00:46:02,239 --> 00:46:05,080
Speaker 7: that's say you buy that ETF every month, you buying

1027
00:46:05,080 --> 00:46:08,200
Speaker 7: it right, you in the market. Right, You're letting them

1028
00:46:08,239 --> 00:46:11,640
Speaker 7: do the hard work. You downsize the risk. Your money

1029
00:46:11,680 --> 00:46:14,880
Speaker 7: is making money for you. So while you're letting that happen,

1030
00:46:15,600 --> 00:46:17,640
Speaker 7: you can be learning how to research. You can be

1031
00:46:17,719 --> 00:46:20,040
Speaker 7: learning what it takes, and you can start with researching

1032
00:46:20,080 --> 00:46:21,840
Speaker 7: the business that inside the ETF.

1033
00:46:22,400 --> 00:46:24,000
Speaker 4: You know what I'm saying. You can break that down

1034
00:46:24,160 --> 00:46:25,960
Speaker 4: to dimes. You know what I'm saying. You can break

1035
00:46:26,000 --> 00:46:27,080
Speaker 4: that breakdown a bunch of.

1036
00:46:27,000 --> 00:46:31,000
Speaker 3: Dimes, big trap.

1037
00:46:32,640 --> 00:46:34,440
Speaker 4: You can break that breakdown a dime like.

1038
00:46:34,440 --> 00:46:40,280
Speaker 7: You can take that ETF and now go to Yahoo finance, right, simple,

1039
00:46:40,320 --> 00:46:42,919
Speaker 7: go to Yahoo finance. Put the ETF in the search ball.

1040
00:46:43,200 --> 00:46:45,520
Speaker 7: Now you can go slide over to those hype of links.

1041
00:46:45,560 --> 00:46:50,319
Speaker 7: You'll see financials, you'll see summary, you'll see performance, and

1042
00:46:50,320 --> 00:46:53,880
Speaker 7: then you'll see holdings. Right, holdings is the companies inside

1043
00:46:53,920 --> 00:46:57,160
Speaker 7: of the ETF. Press that holdings. Scroll down, because the

1044
00:46:57,160 --> 00:46:59,640
Speaker 7: first thing is going to tell you is what what

1045
00:46:59,760 --> 00:47:01,560
Speaker 7: type of businesses are in the ECF.

1046
00:47:01,560 --> 00:47:04,520
Speaker 4: You'll see basic materials and you know financials.

1047
00:47:04,520 --> 00:47:04,800
Speaker 3: Whatever.

1048
00:47:05,160 --> 00:47:08,480
Speaker 7: You go down and it'll show you now the businesses

1049
00:47:08,600 --> 00:47:11,799
Speaker 7: and the percent of those businesses of the insidey ET

1050
00:47:12,440 --> 00:47:14,440
Speaker 7: And so now what happens is you can look at

1051
00:47:14,480 --> 00:47:16,040
Speaker 7: those business and start your research there.

1052
00:47:16,320 --> 00:47:18,239
Speaker 5: Quick question for you though, like, so when you see

1053
00:47:18,480 --> 00:47:20,719
Speaker 5: what's inside the holdings, what is the percentage you like?

1054
00:47:20,840 --> 00:47:21,000
Speaker 6: Right?

1055
00:47:21,000 --> 00:47:24,520
Speaker 5: So, Like, if I'm looking at like uh AN XL

1056
00:47:24,680 --> 00:47:26,520
Speaker 5: Y or something like that, and I see the allocation

1057
00:47:26,880 --> 00:47:28,440
Speaker 5: for a company, what.

1058
00:47:28,360 --> 00:47:29,840
Speaker 3: Number or percentage do you look like?

1059
00:47:29,880 --> 00:47:30,239
Speaker 8: You know what?

1060
00:47:30,840 --> 00:47:31,680
Speaker 3: I like that number?

1061
00:47:31,719 --> 00:47:31,879
Speaker 6: Right?

1062
00:47:31,880 --> 00:47:33,719
Speaker 5: Do I want I want them to be allocated like

1063
00:47:33,880 --> 00:47:36,160
Speaker 5: five to seven or is it like eight to ten

1064
00:47:36,200 --> 00:47:38,200
Speaker 5: percent of some of like these big time so.

1065
00:47:38,600 --> 00:47:43,000
Speaker 7: They all they all differentiate. I'm not honestly that part.

1066
00:47:43,040 --> 00:47:45,680
Speaker 7: I'm not tripping on, but I do want to know

1067
00:47:45,880 --> 00:47:48,719
Speaker 7: where the majority of the money is, right, right, So

1068
00:47:48,800 --> 00:47:51,080
Speaker 7: let's say it. We'll just use example, We'll just say

1069
00:47:51,080 --> 00:47:54,239
Speaker 7: a ETF XLB whatever that is, right, we just gonna

1070
00:47:54,239 --> 00:47:55,839
Speaker 7: through some cause I don't even nobody saying trap say

1071
00:47:55,880 --> 00:47:59,160
Speaker 7: it this right, So let's say we're using XLB, right,

1072
00:47:59,160 --> 00:48:03,000
Speaker 7: and let's say ten percent their top five holdings is

1073
00:48:03,480 --> 00:48:09,239
Speaker 7: earn your leisure, Wall Street trapper you know in other businesses, right,

1074
00:48:09,960 --> 00:48:12,160
Speaker 7: And so let's say now we're looking at the holders

1075
00:48:12,160 --> 00:48:15,000
Speaker 7: and we see, okay, well ten percent of their money

1076
00:48:15,080 --> 00:48:18,880
Speaker 7: is in Earn your Leisure, eight percent of their money

1077
00:48:19,120 --> 00:48:22,160
Speaker 7: is in Wall Street Trapper. So that means, now, if

1078
00:48:22,200 --> 00:48:26,920
Speaker 7: that was one hundred dollars, ten dollars of that is

1079
00:48:26,960 --> 00:48:30,600
Speaker 7: in Earn your Leisure, right, eight dollars of that is

1080
00:48:30,640 --> 00:48:31,680
Speaker 7: in Wall Street Trapper.

1081
00:48:32,040 --> 00:48:32,200
Speaker 3: Right.

1082
00:48:32,239 --> 00:48:34,480
Speaker 7: So if it's one hundred dollars, you break those percentages

1083
00:48:34,520 --> 00:48:36,520
Speaker 7: down like that. What I do like to see is

1084
00:48:37,360 --> 00:48:40,760
Speaker 7: the businesses that they are strong in are solid businesses,

1085
00:48:41,360 --> 00:48:43,520
Speaker 7: you know what I'm saying. If they solid. Now, if

1086
00:48:43,600 --> 00:48:45,759
Speaker 7: you got a company that's bad, then that's why I

1087
00:48:45,840 --> 00:48:49,440
Speaker 7: like these ets, because if a company is not performing,

1088
00:48:49,800 --> 00:48:52,120
Speaker 7: they're gonna get them out of there. Like you know,

1089
00:48:52,320 --> 00:48:54,319
Speaker 7: it's just like you know, against it. Like if I

1090
00:48:54,360 --> 00:48:57,279
Speaker 7: got a trap booming and I got some soldiers and

1091
00:48:57,320 --> 00:49:00,560
Speaker 7: you ain't performing. I got trap bringing in a shot,

1092
00:49:00,640 --> 00:49:03,520
Speaker 7: bringing in this, shot and shot, but you know, shot

1093
00:49:03,600 --> 00:49:05,920
Speaker 7: bringing in this. I got them other traps bringing in this,

1094
00:49:06,000 --> 00:49:08,920
Speaker 7: and you ain't performing, fam, you gotta go. You out

1095
00:49:08,960 --> 00:49:10,640
Speaker 7: of a job. You can't run for me no more

1096
00:49:11,200 --> 00:49:13,560
Speaker 7: what I need you for, you know what I'm saying.

1097
00:49:13,600 --> 00:49:14,839
Speaker 7: So they're gonna do that, and a lot of them

1098
00:49:14,880 --> 00:49:16,480
Speaker 7: need to do it once a year or some of

1099
00:49:16,520 --> 00:49:18,840
Speaker 7: them do it every two years, but they're gonna switch.

1100
00:49:18,719 --> 00:49:20,320
Speaker 3: Them out and put the next runner in there.

1101
00:49:20,360 --> 00:49:22,400
Speaker 5: That's the love that that's important too, because like you

1102
00:49:22,400 --> 00:49:24,919
Speaker 5: can actually see it happen, right if you check from

1103
00:49:24,920 --> 00:49:26,640
Speaker 5: a year to year or every six months sometimes it

1104
00:49:26,640 --> 00:49:29,480
Speaker 5: depends on the ETF, you actually see the allocation change, right,

1105
00:49:29,480 --> 00:49:32,360
Speaker 5: So you'll see one go from four percent to eight percent.

1106
00:49:32,400 --> 00:49:34,640
Speaker 5: So it's good to know, like, Yo, they see growth

1107
00:49:34,640 --> 00:49:35,680
Speaker 5: in that company, they're.

1108
00:49:35,480 --> 00:49:39,160
Speaker 3: Putting more money into the ETF. It becomes even stronger.

1109
00:49:39,200 --> 00:49:40,560
Speaker 2: Let me ask you this one thing that we haven't

1110
00:49:40,600 --> 00:49:44,600
Speaker 2: spoken about on this podcast yet in depth. It's gold,

1111
00:49:45,320 --> 00:49:47,799
Speaker 2: and that's something that's been populate this year two twenty twenty.

1112
00:49:47,840 --> 00:49:49,760
Speaker 2: A lot of things have been ringing off in twenty twenty.

1113
00:49:50,160 --> 00:49:52,800
Speaker 2: Goal is something that you know, people are just hearing

1114
00:49:52,840 --> 00:49:55,240
Speaker 2: about and they're like, all right, I need to invest

1115
00:49:55,280 --> 00:49:58,799
Speaker 2: in Goal is going up? Is you know what's your

1116
00:49:58,840 --> 00:49:59,880
Speaker 2: thoughts on investing in go?

1117
00:50:00,800 --> 00:50:04,239
Speaker 7: So I actually owned two ounces of physical Yeah, I

1118
00:50:04,280 --> 00:50:07,480
Speaker 7: got him to save the positive because one even when

1119
00:50:07,640 --> 00:50:12,200
Speaker 7: invest in buying gold, you have to be storage is key.

1120
00:50:13,000 --> 00:50:15,880
Speaker 7: Like you're not supposed to have gold just laying around

1121
00:50:16,520 --> 00:50:18,880
Speaker 7: you know what I'm saying, like that the metrics, I mean,

1122
00:50:18,920 --> 00:50:21,560
Speaker 7: you can, but I find that you got some gold enough,

1123
00:50:23,360 --> 00:50:30,799
Speaker 7: I'm gonna come hollers. I don't live like that, big chat.

1124
00:50:30,840 --> 00:50:36,120
Speaker 4: We're different, different Gina.

1125
00:50:36,320 --> 00:50:38,280
Speaker 7: But you know so and then you got a minus.

1126
00:50:38,400 --> 00:50:40,239
Speaker 7: You know if you tell somebody you got that in there,

1127
00:50:40,960 --> 00:50:44,560
Speaker 7: you know what I'm saying. So gold is an amazing product, man,

1128
00:50:44,560 --> 00:50:50,160
Speaker 7: It's amazing protection of wealth, all right, is what you

1129
00:50:50,160 --> 00:50:55,360
Speaker 7: would call insurance to your wealth and a hedge against

1130
00:50:55,400 --> 00:50:58,480
Speaker 7: the dollar. So I actually think that everybody is your

1131
00:50:58,480 --> 00:51:01,719
Speaker 7: own goal. One of the greatest things about gold is

1132
00:51:02,600 --> 00:51:04,600
Speaker 7: that brick is broken. You can literally buy it in

1133
00:51:04,640 --> 00:51:07,279
Speaker 7: a kilo. My goal is to buy a kilo of

1134
00:51:07,520 --> 00:51:10,240
Speaker 7: goal one thousand and one grand.

1135
00:51:11,640 --> 00:51:17,640
Speaker 4: That's that's a brick, brick, baby, brick aquilo. So my

1136
00:51:17,760 --> 00:51:21,280
Speaker 4: goal is to actually buy a kilo of gold.

1137
00:51:21,520 --> 00:51:22,839
Speaker 6: So where did you buy gold from?

1138
00:51:22,880 --> 00:51:24,799
Speaker 7: Like, so you can get it in multiple ways. Now

1139
00:51:24,800 --> 00:51:28,120
Speaker 7: were talking physical goal both let's talk about all right.

1140
00:51:28,160 --> 00:51:30,360
Speaker 7: So we can get physical goal from a certified dealer,

1141
00:51:31,000 --> 00:51:33,719
Speaker 7: or we can get get it from you can get

1142
00:51:33,760 --> 00:51:35,160
Speaker 7: online and check for.

1143
00:51:35,800 --> 00:51:37,040
Speaker 4: Actual goal.

1144
00:51:38,440 --> 00:51:46,600
Speaker 7: Exchanges and gold securities, meaning like they literally whole goal JM.

1145
00:51:46,600 --> 00:51:48,479
Speaker 7: Bullying is one of them, like one of the best

1146
00:51:48,480 --> 00:51:49,839
Speaker 7: ones out I was just going to ask you about

1147
00:51:49,880 --> 00:51:51,600
Speaker 7: that bullion. This is one of the they one of

1148
00:51:51,600 --> 00:51:53,600
Speaker 7: the best ones out there. But even when you buy

1149
00:51:53,680 --> 00:51:55,480
Speaker 7: your goal, what you got to look for now is

1150
00:51:56,040 --> 00:52:00,880
Speaker 7: so you're never going to get one hundred percent.

1151
00:52:00,400 --> 00:52:01,880
Speaker 6: Gold because it's too soft.

1152
00:52:02,120 --> 00:52:06,160
Speaker 7: Yeah, so now you gotta tap into how much of

1153
00:52:06,200 --> 00:52:08,480
Speaker 7: the mixture that's in the goal.

1154
00:52:09,040 --> 00:52:09,760
Speaker 3: You know what I'm saying.

1155
00:52:09,880 --> 00:52:12,280
Speaker 4: So now you know it's you know, we start looking

1156
00:52:12,320 --> 00:52:12,600
Speaker 4: at that.

1157
00:52:12,760 --> 00:52:17,000
Speaker 7: But you also got to pay attention when you're buying gold.

1158
00:52:18,440 --> 00:52:19,799
Speaker 4: It's not easier to sell goal.

1159
00:52:21,000 --> 00:52:23,000
Speaker 7: Like if you buy it, it's not easy to sell

1160
00:52:23,040 --> 00:52:27,480
Speaker 7: it back, right because now, so there's this thing called

1161
00:52:27,520 --> 00:52:30,200
Speaker 7: like the spot price on the goal, right, and that's

1162
00:52:30,239 --> 00:52:33,200
Speaker 7: what the goal is actually worked. And then you have

1163
00:52:33,560 --> 00:52:35,520
Speaker 7: what the deal is gonna charge you. Again, it's the

1164
00:52:35,520 --> 00:52:37,000
Speaker 7: middle man, Like if I gotta go get it and

1165
00:52:37,040 --> 00:52:38,920
Speaker 7: I gotta sell it to you, then I won't mind,

1166
00:52:39,360 --> 00:52:41,040
Speaker 7: you know what I'm saying. So you ain't gonna go

1167
00:52:41,160 --> 00:52:43,319
Speaker 7: get it yourself, you know what I'm saying. So you

1168
00:52:43,360 --> 00:52:46,920
Speaker 7: gotta see who's paying who's charging you the less? You

1169
00:52:46,960 --> 00:52:48,399
Speaker 7: know who taxing you the less like.

1170
00:52:48,320 --> 00:52:48,959
Speaker 4: Being on a block.

1171
00:52:49,000 --> 00:52:50,640
Speaker 7: You know what I'm saying, Like, for Shah, I got

1172
00:52:50,640 --> 00:52:53,640
Speaker 7: it for seventeen I got it for seventeen five, right,

1173
00:52:53,680 --> 00:52:55,360
Speaker 7: so trap, why you charge me for seventeen?

1174
00:52:55,600 --> 00:52:58,600
Speaker 4: Well mine better? You boys paying to it to take

1175
00:52:58,600 --> 00:53:01,160
Speaker 4: it too long? A rock up, you know what I'm saying.

1176
00:53:04,320 --> 00:53:05,880
Speaker 7: So you know you want to pay attention to that

1177
00:53:05,920 --> 00:53:09,400
Speaker 7: as well, but you can. It's definitely you know JM.

1178
00:53:09,440 --> 00:53:11,640
Speaker 7: Bullying is one of the ones that I perfonally be like,

1179
00:53:11,680 --> 00:53:13,600
Speaker 7: they good people. But also you can go to you

1180
00:53:13,600 --> 00:53:16,000
Speaker 7: know where people buying these rolexes and all that from,

1181
00:53:16,040 --> 00:53:18,479
Speaker 7: like a lot of these places. If it's a real

1182
00:53:18,560 --> 00:53:21,680
Speaker 7: rolex that's not the rolex dealer, they can be certified

1183
00:53:21,719 --> 00:53:24,239
Speaker 7: dealers and you can literally go to them and be like, yo,

1184
00:53:24,280 --> 00:53:25,640
Speaker 7: I want to buy some gold, and they'll.

1185
00:53:25,440 --> 00:53:27,239
Speaker 4: Be like, all right, cool, I got you. You know

1186
00:53:27,280 --> 00:53:27,759
Speaker 4: what I'm saying.

1187
00:53:27,760 --> 00:53:30,160
Speaker 7: You can buy pellets of goal, you can buy gold coins.

1188
00:53:30,200 --> 00:53:32,440
Speaker 7: But again, now you're looking at one of the things

1189
00:53:32,480 --> 00:53:35,240
Speaker 7: you got to ask them is what is your feet?

1190
00:53:35,440 --> 00:53:36,040
Speaker 3: You know what I'm saying.

1191
00:53:36,040 --> 00:53:37,959
Speaker 7: And then a lot of time you try to sell again,

1192
00:53:38,040 --> 00:53:40,399
Speaker 7: it's something to hold, you know what I'm saying, So.

1193
00:53:41,239 --> 00:53:42,000
Speaker 4: Things get real.

1194
00:53:42,120 --> 00:53:44,880
Speaker 7: Like we looked at the If you look at USDT

1195
00:53:44,920 --> 00:53:47,200
Speaker 7: clock dot org, you'll see that the dollar loses value

1196
00:53:47,200 --> 00:53:49,640
Speaker 7: every day of the company's This world is different, twenty

1197
00:53:49,680 --> 00:53:52,520
Speaker 7: seven trillion dollars in debt and growing, right, so we

1198
00:53:52,600 --> 00:53:54,960
Speaker 7: know that the more money they print, the lesson is

1199
00:53:55,000 --> 00:53:58,080
Speaker 7: worth a dollar today, ain't worth a dollar tomorro, you

1200
00:53:58,080 --> 00:53:58,600
Speaker 7: know what I'm saying.

1201
00:53:58,680 --> 00:53:59,839
Speaker 4: So that's what the goal is.

1202
00:54:00,000 --> 00:54:02,319
Speaker 7: But as the dollar loses value, the goal actually goes

1203
00:54:02,400 --> 00:54:04,560
Speaker 7: up because people try to find safer places to put

1204
00:54:04,560 --> 00:54:07,080
Speaker 7: their money, especially in volatile market as well.

1205
00:54:07,320 --> 00:54:09,080
Speaker 4: You know what I'm saying, Things going crazy, and they

1206
00:54:09,080 --> 00:54:10,720
Speaker 4: can't get into bonds.

1207
00:54:10,640 --> 00:54:12,319
Speaker 3: Because that's usually the alternative.

1208
00:54:12,920 --> 00:54:15,319
Speaker 7: Right, If stocks become too risky, then big investor say, well,

1209
00:54:15,400 --> 00:54:17,160
Speaker 7: let me get into bonds so they can.

1210
00:54:17,080 --> 00:54:18,680
Speaker 4: Get some type of return on their money.

1211
00:54:18,960 --> 00:54:21,960
Speaker 7: Right, But if bond, if bond interest rates go too low,

1212
00:54:22,400 --> 00:54:23,920
Speaker 7: right now, they're like, okay, I don't want to be

1213
00:54:23,960 --> 00:54:26,919
Speaker 7: in bonds. And then what happens when interest rates go low?

1214
00:54:27,160 --> 00:54:29,520
Speaker 7: Gold goes up. Why because everybody's gonna say, let me

1215
00:54:29,520 --> 00:54:32,120
Speaker 7: get the gold. You feel what I'm saying. So now

1216
00:54:32,160 --> 00:54:36,680
Speaker 7: we start understanding that triangle offense like Phil Jackson, stocks, bonds, Goal,

1217
00:54:37,080 --> 00:54:40,840
Speaker 7: But really goal is like that safe haven, you know

1218
00:54:40,840 --> 00:54:43,160
Speaker 7: what I'm saying. It's the safe house, right, It's gonna

1219
00:54:43,160 --> 00:54:45,600
Speaker 7: be there, it's gonna perform. But the thing about goal

1220
00:54:45,840 --> 00:54:49,000
Speaker 7: is if the stocks are performing well, then they don't

1221
00:54:49,000 --> 00:54:49,319
Speaker 7: need to.

1222
00:54:49,239 --> 00:54:49,680
Speaker 4: Be in Goal.

1223
00:54:49,960 --> 00:54:51,959
Speaker 7: They can go to stocks and get a great return

1224
00:54:52,000 --> 00:54:54,800
Speaker 7: of their money. When stocks get too risky and bonds

1225
00:54:54,800 --> 00:54:55,239
Speaker 7: don't got.

1226
00:54:55,160 --> 00:54:57,279
Speaker 4: A good rate, when let me go to GOP, you

1227
00:54:57,320 --> 00:55:00,360
Speaker 4: know what I'm saying. So I feel like I'm trapping

1228
00:55:00,440 --> 00:55:00,799
Speaker 4: right now.

1229
00:55:00,920 --> 00:55:03,799
Speaker 2: So well, so that's the that's the physical but then

1230
00:55:03,840 --> 00:55:06,040
Speaker 2: you can buy it like et they go buy a

1231
00:55:06,120 --> 00:55:08,399
Speaker 2: gold stock on the stock market right now?

1232
00:55:08,400 --> 00:55:08,640
Speaker 6: Is that?

1233
00:55:08,719 --> 00:55:08,759
Speaker 1: So?

1234
00:55:09,239 --> 00:55:13,319
Speaker 7: Now what happens is you won't buy physical goal on

1235
00:55:13,400 --> 00:55:17,880
Speaker 7: the stock market. You will buy goal miners, right, and

1236
00:55:17,920 --> 00:55:22,160
Speaker 7: that's a great place to be because what goal miners

1237
00:55:22,160 --> 00:55:25,760
Speaker 7: are the people who mine goal mining the goal the companies,

1238
00:55:25,800 --> 00:55:28,360
Speaker 7: the companies, right, So you can buy gold miners and

1239
00:55:28,400 --> 00:55:31,440
Speaker 7: then a lot of goal miners will actually be copper

1240
00:55:31,440 --> 00:55:34,840
Speaker 7: miners as well, because some in a lot of the

1241
00:55:34,880 --> 00:55:35,600
Speaker 7: goal that's what.

1242
00:55:35,560 --> 00:55:37,520
Speaker 4: They'll mix it with a little bit, you know what

1243
00:55:37,520 --> 00:55:38,000
Speaker 4: I'm saying.

1244
00:55:38,080 --> 00:55:40,920
Speaker 7: So a lot of goal miners be copper miners, some

1245
00:55:41,239 --> 00:55:43,320
Speaker 7: be silver miners, some be platinum miners.

1246
00:55:43,480 --> 00:55:45,800
Speaker 4: So now you're just looking at that whole aspect.

1247
00:55:45,880 --> 00:55:48,680
Speaker 7: But you can buy goal miners and you can buy

1248
00:55:48,760 --> 00:55:51,799
Speaker 7: goal et s which can actually be a mixture of

1249
00:55:52,600 --> 00:55:58,120
Speaker 7: miners and like this precious metal other precious metals that's

1250
00:55:58,120 --> 00:55:58,640
Speaker 7: inside of that.

1251
00:55:58,719 --> 00:56:02,680
Speaker 4: One of them is called take a symbol O U

1252
00:56:02,760 --> 00:56:04,840
Speaker 4: n Z. You know what I'm saying. So that's a

1253
00:56:04,920 --> 00:56:06,040
Speaker 4: goal ETF as well.

1254
00:56:06,280 --> 00:56:08,319
Speaker 5: So when we're looking at gold ETFs, right, and I'm

1255
00:56:08,360 --> 00:56:12,600
Speaker 5: thinking like things of myself just from a standpoint of like, yo,

1256
00:56:12,680 --> 00:56:15,120
Speaker 5: people are minding the gold who's bothified in the shovels

1257
00:56:15,600 --> 00:56:16,680
Speaker 5: form we're looking Come on.

1258
00:56:16,640 --> 00:56:18,840
Speaker 4: You you you you talking about you know, so you

1259
00:56:18,880 --> 00:56:19,480
Speaker 4: think about that.

1260
00:56:19,560 --> 00:56:22,399
Speaker 7: Like one of the things I said is when this's

1261
00:56:22,400 --> 00:56:24,719
Speaker 7: how most people got rich during the gold Rush. Was

1262
00:56:24,800 --> 00:56:26,960
Speaker 7: not the people who was digging for gold. It was

1263
00:56:26,960 --> 00:56:29,440
Speaker 7: the people who sold the shovels. That's who got rich.

1264
00:56:29,520 --> 00:56:31,759
Speaker 7: So that's a great place to be, you know what

1265
00:56:31,800 --> 00:56:32,240
Speaker 7: I'm saying.

1266
00:56:32,280 --> 00:56:34,680
Speaker 2: So yeah, so let me ask you this as far

1267
00:56:34,760 --> 00:56:36,400
Speaker 2: last time we was here, we talked about a little bit.

1268
00:56:36,440 --> 00:56:39,320
Speaker 2: We touched on how to save for your kid, what

1269
00:56:39,480 --> 00:56:43,360
Speaker 2: can stodio accounts playing things of that nature. But I

1270
00:56:43,400 --> 00:56:46,080
Speaker 2: don't think we went over there like to like in

1271
00:56:46,239 --> 00:56:48,480
Speaker 2: depth with them and the UGMA.

1272
00:56:49,560 --> 00:56:50,920
Speaker 6: Can you talk about that a little bit?

1273
00:56:51,000 --> 00:56:53,520
Speaker 7: Yeah, yeah, So what we did was we talked about,

1274
00:56:53,800 --> 00:56:55,399
Speaker 7: you know, just investing from my daughter.

1275
00:56:55,440 --> 00:57:00,319
Speaker 4: And that was real dope because before I actually.

1276
00:57:01,640 --> 00:57:05,120
Speaker 7: Spoke on that, I never heard nobody talk about it,

1277
00:57:05,719 --> 00:57:07,920
Speaker 7: you know what I'm saying. And so for me, one

1278
00:57:07,960 --> 00:57:09,560
Speaker 7: of the reasons what I did so I was like,

1279
00:57:09,560 --> 00:57:11,279
Speaker 7: what's the difference between it, because I wanted to do

1280
00:57:11,320 --> 00:57:13,560
Speaker 7: something for my daughter besides just putting money in a

1281
00:57:13,560 --> 00:57:15,680
Speaker 7: bank account. Like if I'm making my money work for

1282
00:57:15,719 --> 00:57:17,760
Speaker 7: me all the time and I'm saying I'm gonna do

1283
00:57:17,840 --> 00:57:20,680
Speaker 7: this for the long run, then I'm instantly a light

1284
00:57:20,680 --> 00:57:22,520
Speaker 7: went off of my head and was like, if I

1285
00:57:22,560 --> 00:57:25,400
Speaker 7: stole my daughter, now she got way more time than me.

1286
00:57:25,880 --> 00:57:28,240
Speaker 7: I can put a whole bunch of young bucks and

1287
00:57:28,280 --> 00:57:30,320
Speaker 7: you know what I'm saying, custodio account and let it run.

1288
00:57:30,520 --> 00:57:31,480
Speaker 3: So you got two types.

1289
00:57:31,480 --> 00:57:35,520
Speaker 7: You got the ugm ME and you got the UT

1290
00:57:35,680 --> 00:57:37,360
Speaker 7: The ug MUD and the UT muh.

1291
00:57:37,720 --> 00:57:42,560
Speaker 4: So one of them is as.

1292
00:57:40,880 --> 00:57:46,440
Speaker 7: Una unified gift account and one of them is a

1293
00:57:46,440 --> 00:57:50,280
Speaker 7: transfer minor account, right, So one of them, the ut

1294
00:57:50,920 --> 00:57:56,000
Speaker 7: the UT muh you can put real estate, you can

1295
00:57:56,080 --> 00:58:01,160
Speaker 7: put gold, you can put art, you can put intellectual

1296
00:58:01,200 --> 00:58:07,600
Speaker 7: properties and stocks and cash over there. The UGMA is

1297
00:58:07,640 --> 00:58:12,360
Speaker 7: a gift, so you can only put stocks or binds,

1298
00:58:12,480 --> 00:58:14,400
Speaker 7: mutual funds, eats, cash.

1299
00:58:14,560 --> 00:58:16,760
Speaker 4: You can't put the real estate and the other stuff

1300
00:58:16,760 --> 00:58:17,040
Speaker 4: in there.

1301
00:58:17,080 --> 00:58:18,560
Speaker 3: So there's a limitation between the two.

1302
00:58:18,640 --> 00:58:21,720
Speaker 7: Yeah yeah, yeah, yeah yeah. But the dope part about

1303
00:58:21,720 --> 00:58:27,120
Speaker 7: both of them is they're not tax defird, but there's

1304
00:58:27,120 --> 00:58:28,680
Speaker 7: an advantage in having them.

1305
00:58:28,920 --> 00:58:32,080
Speaker 4: Whereas the first won't see I think.

1306
00:58:31,920 --> 00:58:36,040
Speaker 7: It's a thousand, one thousand and fifty dollars, it's tax free.

1307
00:58:37,000 --> 00:58:40,800
Speaker 7: Everything from two thousand dollars on up get taxed at

1308
00:58:40,840 --> 00:58:44,400
Speaker 7: a children's rate, which is ten percent, you know what

1309
00:58:44,440 --> 00:58:46,960
Speaker 7: I'm saying. So it's still you know, not you got

1310
00:58:46,960 --> 00:58:49,200
Speaker 7: to pay the taxes, you know what I'm saying on it.

1311
00:58:49,240 --> 00:58:52,080
Speaker 4: But it's still cool because.

1312
00:58:51,760 --> 00:58:54,640
Speaker 7: And I think one of the things that our people,

1313
00:58:54,680 --> 00:58:56,120
Speaker 7: our culture have bad.

1314
00:58:56,160 --> 00:58:58,280
Speaker 4: And it's again it's not we just got to learn it.

1315
00:58:58,640 --> 00:59:01,560
Speaker 4: We're scared to pay taxes. The first thing is somebody

1316
00:59:01,680 --> 00:59:02,000
Speaker 4: be like.

1317
00:59:02,320 --> 00:59:05,720
Speaker 7: I don't won't pay no taxes when in reality like

1318
00:59:05,840 --> 00:59:08,680
Speaker 7: paying taxing me, you're making money, you know what I'm saying.

1319
00:59:08,720 --> 00:59:11,480
Speaker 7: So now you just got to figure out how to

1320
00:59:11,520 --> 00:59:14,560
Speaker 7: decrease the taxes instead of not pay the taxes, you

1321
00:59:14,560 --> 00:59:15,960
Speaker 7: know what I'm saying. So one of the way is

1322
00:59:15,960 --> 00:59:18,520
Speaker 7: you want to decrease taxes on the money you making. Right,

1323
00:59:18,560 --> 00:59:21,080
Speaker 7: So if you got your child in that UTMA account

1324
00:59:21,640 --> 00:59:24,080
Speaker 7: right or that you get, you're only paying ten percent,

1325
00:59:24,120 --> 00:59:25,960
Speaker 7: no matter what it does, you're paying ten percent.

1326
00:59:26,000 --> 00:59:29,040
Speaker 4: I'm cool with that, whereas just.

1327
00:59:29,160 --> 00:59:32,800
Speaker 7: Regular income account that's twenty eight percent, twenty three percent,

1328
00:59:32,920 --> 00:59:36,400
Speaker 7: Like that's a major So your child now from zero

1329
00:59:36,640 --> 00:59:39,000
Speaker 7: to eighteen or twenty one depending on the state, then

1330
00:59:39,400 --> 00:59:41,960
Speaker 7: paying ten percent and you changing their life, and.

1331
00:59:41,920 --> 00:59:42,520
Speaker 4: I'll take that.

1332
00:59:43,920 --> 00:59:44,840
Speaker 6: Yeah, it's powerful.

1333
00:59:44,960 --> 00:59:49,080
Speaker 2: It's powerful, and I think that having a conversation about

1334
00:59:49,120 --> 00:59:52,200
Speaker 2: generational wealth, that's has to be included in there, because

1335
00:59:52,200 --> 00:59:55,120
Speaker 2: it's like you have the first step is investing for yourself.

1336
00:59:55,120 --> 00:59:56,720
Speaker 6: You can't save anybody till you save yourself.

1337
00:59:56,760 --> 00:59:57,320
Speaker 3: That's the fact.

1338
00:59:57,320 --> 00:59:59,520
Speaker 2: But after you say after you you know, not even

1339
00:59:59,520 --> 01:00:04,400
Speaker 2: save yours. After you start investing in yourself, now you

1340
01:00:04,560 --> 01:00:06,959
Speaker 2: have to start to invest in your children.

1341
01:00:06,960 --> 01:00:09,600
Speaker 7: That's that's that's what we plugged. That's the plug the generation.

1342
01:00:09,800 --> 01:00:13,400
Speaker 7: If you're not doing that, you're selfish. Man, that's the plug.

1343
01:00:14,160 --> 01:00:17,000
Speaker 7: Like you know, I always said, man, like if I

1344
01:00:17,040 --> 01:00:20,160
Speaker 7: got it out the mud, and I watched my mama

1345
01:00:20,200 --> 01:00:22,640
Speaker 7: get it out the mud, and I watched my grandmother

1346
01:00:22,680 --> 01:00:24,880
Speaker 7: get it out the mud, and I watch everybody around

1347
01:00:24,880 --> 01:00:27,520
Speaker 7: me get it out the mud while they let my

1348
01:00:27,600 --> 01:00:30,200
Speaker 7: child get it out the mud. At some point, I

1349
01:00:30,200 --> 01:00:33,800
Speaker 7: gotta say, I won't change this, yo. I gotta say, man,

1350
01:00:34,280 --> 01:00:37,720
Speaker 7: it's different. And I feel like we, you know, we

1351
01:00:37,800 --> 01:00:40,560
Speaker 7: get so caught up in I'm living my best life

1352
01:00:40,880 --> 01:00:43,240
Speaker 7: to what we were trying to enjoy life so much,

1353
01:00:43,280 --> 01:00:45,320
Speaker 7: to what you forget about. They got generations that kind

1354
01:00:45,360 --> 01:00:47,640
Speaker 7: of come behind us, you know what I'm saying. So

1355
01:00:47,680 --> 01:00:49,560
Speaker 7: for me, it's a lot of stuff I don't do

1356
01:00:50,200 --> 01:00:54,040
Speaker 7: until I know for sure I've at least secured two generations,

1357
01:00:55,520 --> 01:00:58,479
Speaker 7: you know what I'm saying. And that comes with one

1358
01:01:00,120 --> 01:01:03,120
Speaker 7: educating my daughter, because even if I give her a

1359
01:01:03,160 --> 01:01:06,280
Speaker 7: million dollars, if I ain't educated on home what to

1360
01:01:06,320 --> 01:01:09,880
Speaker 7: do with a million dollars, I've now wasted a million dollars.

1361
01:01:10,640 --> 01:01:11,640
Speaker 4: It's a saying that if.

1362
01:01:11,560 --> 01:01:15,080
Speaker 7: You took all the wealth in the world and divided

1363
01:01:15,120 --> 01:01:19,320
Speaker 7: it equally, within ten to fifteen years, the wealthy people

1364
01:01:19,320 --> 01:01:22,800
Speaker 7: will be back in charge because they know what to do.

1365
01:01:24,320 --> 01:01:26,160
Speaker 7: We get a million dollars and we don't know what

1366
01:01:26,200 --> 01:01:29,760
Speaker 7: to do with it. We back into the famous quote

1367
01:01:29,760 --> 01:01:34,480
Speaker 7: I said in the beginning, lions don't tell the gazelles

1368
01:01:34,840 --> 01:01:38,920
Speaker 7: and the zebras how to get away. Why because now

1369
01:01:38,960 --> 01:01:42,120
Speaker 7: I'm taking food out of my mouth. So I as

1370
01:01:42,160 --> 01:01:43,760
Speaker 7: long as I don't tell you how to get away,

1371
01:01:44,000 --> 01:01:45,920
Speaker 7: you're gonna always come back. But if I tell you

1372
01:01:45,960 --> 01:01:49,560
Speaker 7: how to get away, now you're gonna go tell the zebra. Look,

1373
01:01:49,560 --> 01:01:51,400
Speaker 7: this is how to get away from the line, and

1374
01:01:51,400 --> 01:01:53,600
Speaker 7: a zebra gonna go tell the giraffe and the gazelle.

1375
01:01:53,720 --> 01:01:56,080
Speaker 4: Now nobody came. I ain't got no tricks to him,

1376
01:01:56,080 --> 01:01:56,480
Speaker 4: I sleeve.

1377
01:01:57,000 --> 01:01:59,520
Speaker 7: Whereas if I don't tell nobody and I just keep

1378
01:01:59,520 --> 01:02:03,040
Speaker 7: it am people, then we gonna always eat. So I

1379
01:02:03,040 --> 01:02:04,959
Speaker 7: ain't mad at them for not giving us the game.

1380
01:02:05,320 --> 01:02:07,680
Speaker 7: I ain't around here saying, man, they should teach us

1381
01:02:07,720 --> 01:02:10,480
Speaker 7: this in school. No, what I'm gonna do is I'm

1382
01:02:10,480 --> 01:02:13,360
Speaker 7: gonna get the knowledge right, I'm gonna seek it I'm

1383
01:02:13,360 --> 01:02:15,400
Speaker 7: gonna go get I'm gonna flip every rock, I'm gonna

1384
01:02:15,440 --> 01:02:18,400
Speaker 7: kick in every day, right, and once I get it,

1385
01:02:18,920 --> 01:02:21,520
Speaker 7: I'm gonna go back and regurgitate it to my daughter

1386
01:02:21,800 --> 01:02:24,440
Speaker 7: at the age of two. What's the stock, what's the asset,

1387
01:02:24,520 --> 01:02:26,440
Speaker 7: what's the liability? Does it make your money?

1388
01:02:26,640 --> 01:02:26,840
Speaker 4: You know?

1389
01:02:26,960 --> 01:02:30,640
Speaker 7: What's real estate? At an early age, I'm having this conversation.

1390
01:02:30,840 --> 01:02:33,800
Speaker 7: So now I'm teaching her a word to date like

1391
01:02:33,840 --> 01:02:35,800
Speaker 7: she's I still when I'm gonna say that, then like

1392
01:02:35,840 --> 01:02:37,760
Speaker 7: a word, I'm teaching her two three words a day

1393
01:02:37,760 --> 01:02:39,080
Speaker 7: about just financial literacy.

1394
01:02:39,400 --> 01:02:41,000
Speaker 4: Like the school can do what the school is supposed

1395
01:02:41,000 --> 01:02:42,360
Speaker 4: to do. We're gonna do some of that homework too.

1396
01:02:42,400 --> 01:02:45,200
Speaker 7: But this financial literacy, this was gonna save you, you

1397
01:02:45,200 --> 01:02:46,800
Speaker 7: know what I'm saying. Let me show this was gonna

1398
01:02:46,800 --> 01:02:48,600
Speaker 7: save you family, you know what I'm saying. So I'm

1399
01:02:48,600 --> 01:02:51,760
Speaker 7: teaching her that. So now I've did two things. I've

1400
01:02:51,840 --> 01:02:53,800
Speaker 7: showed her how to make a million through investing it,

1401
01:02:54,200 --> 01:02:58,600
Speaker 7: and I've taught her how to nurture a million with knowledge,

1402
01:02:58,640 --> 01:03:01,320
Speaker 7: because information is the further to your wealth man. That's

1403
01:03:01,360 --> 01:03:04,200
Speaker 7: how we say generations with knowledge, passing all the money

1404
01:03:04,200 --> 01:03:05,960
Speaker 7: you want, man, if you don't pass no knowledge, you

1405
01:03:06,040 --> 01:03:06,440
Speaker 7: killed them.

1406
01:03:07,840 --> 01:03:08,840
Speaker 6: No, that's a true fact.

1407
01:03:08,840 --> 01:03:11,520
Speaker 2: And it was like, you know, bringing it full circle,

1408
01:03:11,720 --> 01:03:13,760
Speaker 2: you know, bigger than just like I said, just bigger

1409
01:03:13,760 --> 01:03:16,160
Speaker 2: than just a podcast when you reached out to me,

1410
01:03:16,200 --> 01:03:19,000
Speaker 2: like we need to really do something to change the world.

1411
01:03:19,200 --> 01:03:21,360
Speaker 6: I hate the word culture because it just gets watered

1412
01:03:21,360 --> 01:03:22,040
Speaker 6: down so much.

1413
01:03:22,640 --> 01:03:26,720
Speaker 4: You know what I'm saying. Yeah, it's like that's a fact.

1414
01:03:27,080 --> 01:03:27,600
Speaker 6: That's a fact.

1415
01:03:27,800 --> 01:03:29,080
Speaker 4: I appreciate you for putting me on.

1416
01:03:30,200 --> 01:03:31,440
Speaker 2: But it was like, you know what I'm saying, let's

1417
01:03:31,480 --> 01:03:34,520
Speaker 2: change the world and the problem. You know, I never

1418
01:03:34,640 --> 01:03:39,880
Speaker 2: understood like until recently, shot to MG the mortgage guy.

1419
01:03:40,000 --> 01:03:40,400
Speaker 6: He uh.

1420
01:03:40,680 --> 01:03:42,760
Speaker 2: He enlightened me on a lot of different things, like

1421
01:03:43,640 --> 01:03:46,480
Speaker 2: you can only put so much information in a podcast.

1422
01:03:46,600 --> 01:03:49,600
Speaker 2: It's just a fact. This is why education is still important.

1423
01:03:49,640 --> 01:03:51,960
Speaker 2: I'm not anti college like people think I'm anti college

1424
01:03:51,960 --> 01:03:53,680
Speaker 2: because I always talk bad about college.

1425
01:03:53,840 --> 01:03:55,600
Speaker 4: I'm not about college all the time.

1426
01:03:55,720 --> 01:03:57,040
Speaker 2: I just feel like a lot of it's just the way,

1427
01:03:57,120 --> 01:03:59,400
Speaker 2: not even college so much, but it's just education period.

1428
01:03:59,480 --> 01:03:59,760
Speaker 3: Education.

1429
01:04:00,000 --> 01:04:02,720
Speaker 6: I'm not I'm not anti college.

1430
01:04:03,120 --> 01:04:06,640
Speaker 2: I have a college degree, but I just feel that

1431
01:04:07,280 --> 01:04:07,880
Speaker 2: say that again.

1432
01:04:07,960 --> 01:04:09,720
Speaker 6: Man, know everybody know I have a college.

1433
01:04:09,760 --> 01:04:12,120
Speaker 4: I'm saying, like I didn't know that, bro, Yeah, I

1434
01:04:12,120 --> 01:04:13,280
Speaker 4: have people.

1435
01:04:13,360 --> 01:04:15,160
Speaker 6: You know, I went to Hawaii play basketball.

1436
01:04:15,280 --> 01:04:15,840
Speaker 3: I forgot you.

1437
01:04:16,520 --> 01:04:19,320
Speaker 4: I thought you was like on something.

1438
01:04:19,680 --> 01:04:22,200
Speaker 5: People people got that misusception even like today they was

1439
01:04:22,240 --> 01:04:25,400
Speaker 5: just like, yo, they know that. I I'm like, you

1440
01:04:25,440 --> 01:04:27,720
Speaker 5: went to school to like we both had education as

1441
01:04:27,720 --> 01:04:30,360
Speaker 5: a background for us foundation.

1442
01:04:30,480 --> 01:04:31,520
Speaker 6: I finished in three years.

1443
01:04:31,920 --> 01:04:32,120
Speaker 8: Bro.

1444
01:04:32,240 --> 01:04:36,920
Speaker 4: I keep telling y'all, listen, I'm not a financial.

1445
01:04:38,240 --> 01:04:39,920
Speaker 8: He could take you the glory man.

1446
01:04:41,600 --> 01:04:43,480
Speaker 6: But with Mickey Fact shout out to Mickey Fast is

1447
01:04:43,480 --> 01:04:44,200
Speaker 6: one of my favorite.

1448
01:04:46,080 --> 01:04:47,080
Speaker 8: Yeah, that's hard.

1449
01:04:47,160 --> 01:04:48,880
Speaker 2: When he came on and he spent the freestyle for

1450
01:04:48,960 --> 01:04:52,440
Speaker 2: us and he said, formal education will get you a portion,

1451
01:04:52,560 --> 01:04:55,760
Speaker 2: but self education will make you a fortune. And that's

1452
01:04:55,840 --> 01:04:58,040
Speaker 2: my life. Like, if I had to rely on my

1453
01:04:58,080 --> 01:05:00,960
Speaker 2: college degree right now, be in trouble. Just honestly speaking,

1454
01:05:01,240 --> 01:05:03,840
Speaker 2: I'll be in trouble. So it's the things that I

1455
01:05:03,960 --> 01:05:08,240
Speaker 2: learned outside of college, including earn Alesia. Like just in

1456
01:05:08,280 --> 01:05:10,200
Speaker 2: the last twelve and eighteen months, Like you know what

1457
01:05:10,200 --> 01:05:13,920
Speaker 2: I'm saying, that has literally literally changed the trajectory of

1458
01:05:13,960 --> 01:05:16,720
Speaker 2: my not only my life, my son's life and God

1459
01:05:16,760 --> 01:05:20,000
Speaker 2: willing his children's lives like you know what I'm saying,

1460
01:05:20,040 --> 01:05:23,960
Speaker 2: Like it literally has changed you see, people, it's not

1461
01:05:25,200 --> 01:05:28,120
Speaker 2: a facade. If you follow all of us on Instagram,

1462
01:05:28,120 --> 01:05:31,760
Speaker 2: you see the growth. That's a fact only through education.

1463
01:05:32,240 --> 01:05:33,800
Speaker 2: So it's like when you came to me and you

1464
01:05:33,960 --> 01:05:36,520
Speaker 2: was like, yo, bro, let's do something. And we're going

1465
01:05:36,560 --> 01:05:38,200
Speaker 2: back and forth. I'm like, let's do a podcast. You're

1466
01:05:38,200 --> 01:05:39,880
Speaker 2: going through a podcast, right, You're going to do it.

1467
01:05:41,280 --> 01:05:43,560
Speaker 2: And I think the hard part when people get into

1468
01:05:43,600 --> 01:05:46,520
Speaker 2: podcast is that you hear information, it becomes overload and

1469
01:05:46,520 --> 01:05:49,240
Speaker 2: some people going to act on it. But unfortunately a

1470
01:05:49,240 --> 01:05:52,600
Speaker 2: lot of people, it's just it's just not enough, like

1471
01:05:52,720 --> 01:05:54,600
Speaker 2: you kind of need. And that's the good thing about

1472
01:05:54,600 --> 01:05:57,080
Speaker 2: school is like you need that certain level of like

1473
01:05:57,120 --> 01:05:59,960
Speaker 2: a tutor to like walk you through it and here's

1474
01:06:00,080 --> 01:06:03,200
Speaker 2: a screen share on the website and show you and

1475
01:06:03,240 --> 01:06:06,920
Speaker 2: like how to open an account and like what stock

1476
01:06:07,040 --> 01:06:10,320
Speaker 2: to like sometimes you got to hold a person's hand. Unfortunately,

1477
01:06:10,320 --> 01:06:12,919
Speaker 2: in one hour, even two hours, it's just not enough

1478
01:06:12,920 --> 01:06:14,680
Speaker 2: time to do that. So we're like, how do we

1479
01:06:14,680 --> 01:06:16,320
Speaker 2: do this? So he was going back and forth and

1480
01:06:16,920 --> 01:06:18,520
Speaker 2: this is the first time ever earn your lead in

1481
01:06:18,600 --> 01:06:21,600
Speaker 2: history where we actually collaborated with somebody and put together.

1482
01:06:21,600 --> 01:06:23,400
Speaker 2: I don't even want to call it a curriculum. I

1483
01:06:23,440 --> 01:06:26,560
Speaker 2: don't want to call it a program. It's really a manual. Yeah,

1484
01:06:26,920 --> 01:06:31,720
Speaker 2: we put together a manual for generational wealth, for generational

1485
01:06:31,720 --> 01:06:35,680
Speaker 2: wealth called the Family Pack. And it was just like

1486
01:06:35,760 --> 01:06:39,560
Speaker 2: the idea was just crazy. And it's like you was like, yo,

1487
01:06:39,600 --> 01:06:43,880
Speaker 2: I need you on it too, like as an advice,

1488
01:06:43,960 --> 01:06:45,480
Speaker 2: I need you on it. So I'm like, all right,

1489
01:06:45,560 --> 01:06:50,000
Speaker 2: So we talk about dividends, you talk about reach. You'd

1490
01:06:50,000 --> 01:06:54,680
Speaker 2: give them like five growth stocks. To pick mutual funds,

1491
01:06:54,680 --> 01:06:56,440
Speaker 2: I break down a mutual fund play because a lot

1492
01:06:56,440 --> 01:06:59,000
Speaker 2: of times people have the wrong misconceptions about mutual funds.

1493
01:06:59,000 --> 01:07:01,120
Speaker 2: But you can actually make a lot of money on

1494
01:07:01,160 --> 01:07:02,200
Speaker 2: the right mutual funds.

1495
01:07:02,560 --> 01:07:03,640
Speaker 6: Sometimes you don't even have.

1496
01:07:03,600 --> 01:07:06,000
Speaker 2: To pay the knock on mutual funds that you pay

1497
01:07:06,000 --> 01:07:07,480
Speaker 2: a lot of money, but sometimes you don't have to

1498
01:07:07,520 --> 01:07:09,560
Speaker 2: pay that. If you know what you're doing, you get

1499
01:07:09,640 --> 01:07:11,520
Speaker 2: no load fund. And there's things that nation and we

1500
01:07:11,560 --> 01:07:13,760
Speaker 2: want you broke that down, broke down index fund, broke

1501
01:07:13,760 --> 01:07:17,200
Speaker 2: down five to twenty nine plans, Please our plans is

1502
01:07:17,240 --> 01:07:19,479
Speaker 2: crazy because it's like, poke about five to twenty nine plans.

1503
01:07:19,520 --> 01:07:22,560
Speaker 2: But it's like you know, there's like thirty something states

1504
01:07:22,560 --> 01:07:25,240
Speaker 2: where you can actually get a tax benefit, but then

1505
01:07:25,240 --> 01:07:26,160
Speaker 2: it's like six states.

1506
01:07:26,200 --> 01:07:27,280
Speaker 6: But those thirty states, you.

1507
01:07:27,240 --> 01:07:29,840
Speaker 2: Have to actually live in that state, and the five

1508
01:07:29,880 --> 01:07:31,600
Speaker 2: to twenty nine plan has to be in that state.

1509
01:07:31,840 --> 01:07:33,680
Speaker 2: But then it's like six states where you can actually

1510
01:07:33,680 --> 01:07:36,920
Speaker 2: invest in anybody's state five to twenty nine plan and

1511
01:07:36,960 --> 01:07:39,200
Speaker 2: you can still get a tax break. So it's just

1512
01:07:39,240 --> 01:07:42,680
Speaker 2: like it's just always so many different levels of onions

1513
01:07:42,720 --> 01:07:43,360
Speaker 2: to peel back.

1514
01:07:43,400 --> 01:07:46,040
Speaker 6: And then we went over to trust, Yes, and we

1515
01:07:46,120 --> 01:07:46,480
Speaker 6: broke that.

1516
01:07:46,520 --> 01:07:48,760
Speaker 2: It's the first time ever I broke down life insurance

1517
01:07:48,800 --> 01:07:52,640
Speaker 2: and actually like showed somebody like how I look at

1518
01:07:52,680 --> 01:07:55,200
Speaker 2: it as an advisor, like the access that I'm privy to,

1519
01:07:56,200 --> 01:07:58,520
Speaker 2: which is like you don't have that as a regular person, Like,

1520
01:07:58,560 --> 01:08:00,360
Speaker 2: and I kind of like went through that, and I

1521
01:08:00,400 --> 01:08:03,400
Speaker 2: broke down the Dynasty Trust, and the Dynasty Trust.

1522
01:08:03,640 --> 01:08:09,200
Speaker 4: Gonna keep going.

1523
01:08:09,240 --> 01:08:09,920
Speaker 6: It was the whole thing.

1524
01:08:09,960 --> 01:08:10,160
Speaker 7: Man.

1525
01:08:10,200 --> 01:08:13,920
Speaker 2: It was like we actually gave the formula and different

1526
01:08:14,560 --> 01:08:17,720
Speaker 2: how to make your child a millionaire guarantee the investments,

1527
01:08:17,720 --> 01:08:19,840
Speaker 2: and it was like that alone took like a half

1528
01:08:19,880 --> 01:08:22,080
Speaker 2: an hour to actually explain. It's like it's like a

1529
01:08:22,120 --> 01:08:25,960
Speaker 2: whole thing, but it's just something like I said, it's

1530
01:08:26,000 --> 01:08:28,680
Speaker 2: like if we put that like, we would have to

1531
01:08:28,720 --> 01:08:30,920
Speaker 2: literally do ten podcasts and you.

1532
01:08:30,920 --> 01:08:32,719
Speaker 3: Still might miss something whole season.

1533
01:08:33,040 --> 01:08:35,479
Speaker 2: I'm saying that nobody's really gonna sit for ten podcasts

1534
01:08:35,560 --> 01:08:38,040
Speaker 2: that have to be like his own, the Wall Street

1535
01:08:38,040 --> 01:08:43,320
Speaker 2: Trapper or your Lisha show. So talk about talk about

1536
01:08:43,800 --> 01:08:45,000
Speaker 2: talk about the family pack.

1537
01:08:45,720 --> 01:08:47,760
Speaker 7: So for me, you know, the reason why I really

1538
01:08:47,800 --> 01:08:50,120
Speaker 7: came you with the idea is you know, this last

1539
01:08:50,200 --> 01:08:52,680
Speaker 7: year it was a lot of growth for me, and

1540
01:08:52,960 --> 01:08:55,800
Speaker 7: I realized that, Yo, like I can talk about a

1541
01:08:55,800 --> 01:09:01,000
Speaker 7: lot of stuff because it's it's you. As you start

1542
01:09:01,080 --> 01:09:04,400
Speaker 7: learning more knowledge, you start seeking more knowledge, right, And

1543
01:09:04,439 --> 01:09:08,000
Speaker 7: I realized how knowledgeable you were, and we was having

1544
01:09:08,080 --> 01:09:11,320
Speaker 7: dual conversations. So for me, it was like, bro, like

1545
01:09:11,320 --> 01:09:14,519
Speaker 7: like we can change something, but we're gonna have to

1546
01:09:14,560 --> 01:09:15,280
Speaker 7: walk them through it.

1547
01:09:15,880 --> 01:09:18,240
Speaker 2: Yeah, that was like we gotta we gotta have to

1548
01:09:18,400 --> 01:09:20,439
Speaker 2: walk because you like, yo, they still not getting it,

1549
01:09:20,920 --> 01:09:22,800
Speaker 2: Like they're still not getting it, and like people come

1550
01:09:22,880 --> 01:09:23,320
Speaker 2: up to me.

1551
01:09:23,640 --> 01:09:24,920
Speaker 6: They still don't get it.

1552
01:09:24,960 --> 01:09:28,559
Speaker 2: Bro, Like we literally have to walk there, hold their

1553
01:09:28,600 --> 01:09:30,000
Speaker 2: hands and walk them through this.

1554
01:09:30,160 --> 01:09:30,880
Speaker 3: And that's okay.

1555
01:09:31,040 --> 01:09:31,599
Speaker 6: Now it's okay.

1556
01:09:31,880 --> 01:09:33,280
Speaker 4: And the reason why it's okay.

1557
01:09:33,439 --> 01:09:37,000
Speaker 7: And I see people get frustrated all the time, Like

1558
01:09:37,080 --> 01:09:39,000
Speaker 7: I see people on Instagram saying.

1559
01:09:38,760 --> 01:09:41,160
Speaker 4: Stuff like I told you this, why are you doing?

1560
01:09:41,280 --> 01:09:44,240
Speaker 7: I'm like, yo, you're an educator, like everybody sitting in

1561
01:09:44,240 --> 01:09:46,599
Speaker 7: the class learn different, you know what I'm saying.

1562
01:09:46,680 --> 01:09:49,200
Speaker 4: So I was like, we gotta walk them through it.

1563
01:09:49,479 --> 01:09:52,519
Speaker 7: One is because you don't know what You don't know

1564
01:09:53,080 --> 01:09:56,479
Speaker 7: until you exposed to it, right. I remember my first

1565
01:09:56,479 --> 01:10:00,759
Speaker 7: time cooking up bro I burned it the wall turn brown.

1566
01:10:01,439 --> 01:10:03,880
Speaker 7: I had to call my at and she had to

1567
01:10:03,960 --> 01:10:06,320
Speaker 7: like show me what I was doing.

1568
01:10:06,880 --> 01:10:07,600
Speaker 4: But she played me.

1569
01:10:07,600 --> 01:10:09,720
Speaker 7: Because she took a lot of you know, she she

1570
01:10:09,840 --> 01:10:11,680
Speaker 7: took the shake.

1571
01:10:11,479 --> 01:10:11,920
Speaker 4: Out of it.

1572
01:10:12,960 --> 01:10:17,400
Speaker 7: She charged me for it, and she played me. And

1573
01:10:17,439 --> 01:10:19,240
Speaker 7: by the time I got what she left me with,

1574
01:10:19,360 --> 01:10:22,040
Speaker 7: it was just enough to get another package. But because

1575
01:10:22,040 --> 01:10:24,120
Speaker 7: she walked me through it, I ain't need none more.

1576
01:10:24,640 --> 01:10:26,600
Speaker 7: So I was a l I took, but it was

1577
01:10:26,640 --> 01:10:28,760
Speaker 7: a learning lesson, you feel what I'm saying.

1578
01:10:28,920 --> 01:10:30,080
Speaker 4: So for me, I feel like.

1579
01:10:31,560 --> 01:10:37,640
Speaker 7: Over the last year, we've made financial literacy, investing in

1580
01:10:37,640 --> 01:10:40,439
Speaker 7: the stock market and all the great that breakdowns that

1581
01:10:40,520 --> 01:10:44,040
Speaker 7: y'all do every Tuesday and every Monday.

1582
01:10:44,680 --> 01:10:46,600
Speaker 4: We've now piqued people's interests.

1583
01:10:46,840 --> 01:10:51,080
Speaker 7: People understand now, especially with this pandemic, they like, yo,

1584
01:10:51,080 --> 01:10:54,439
Speaker 7: I gotta do something else, and they want to do it.

1585
01:10:54,720 --> 01:10:58,080
Speaker 7: That's the great thing we've now made it say, because

1586
01:10:58,080 --> 01:11:00,160
Speaker 7: I remember me coming up telling y'all, I'm telling my

1587
01:11:00,160 --> 01:11:02,479
Speaker 7: partners about it and they're like, bro, I'm not doing that.

1588
01:11:02,520 --> 01:11:05,040
Speaker 4: Bro, you tripping right, And here we are a year later.

1589
01:11:05,200 --> 01:11:07,400
Speaker 7: My partner is now like, bro, I just bought some

1590
01:11:07,479 --> 01:11:10,160
Speaker 7: apple and people don't know, like, trap.

1591
01:11:09,920 --> 01:11:13,080
Speaker 4: You changed my life because this write the common chasing change.

1592
01:11:13,080 --> 01:11:16,400
Speaker 7: Because we've been beating it, like we ain't stopping Market

1593
01:11:16,439 --> 01:11:21,560
Speaker 7: Monday Trapping Toody podcast, Market Monday Trapping Toody podcast.

1594
01:11:21,640 --> 01:11:22,640
Speaker 3: This we consistent.

1595
01:11:22,720 --> 01:11:25,519
Speaker 7: So now it's like we've peaked the interest and now

1596
01:11:25,640 --> 01:11:27,680
Speaker 7: people are like, all right, I want to do it,

1597
01:11:27,720 --> 01:11:28,519
Speaker 7: but I don't know what to do.

1598
01:11:28,600 --> 01:11:28,920
Speaker 3: Alright.

1599
01:11:28,960 --> 01:11:29,200
Speaker 2: Cool.

1600
01:11:29,400 --> 01:11:31,799
Speaker 7: That's what this wealth pack is about. It's about saying, Okay,

1601
01:11:33,439 --> 01:11:38,040
Speaker 7: I made the mistakes for you. Hopefully, hopefully you don't

1602
01:11:38,080 --> 01:11:38,479
Speaker 7: have to do.

1603
01:11:38,479 --> 01:11:38,760
Speaker 8: With you that.

1604
01:11:38,880 --> 01:11:40,680
Speaker 4: Butha'm gonna make sure you ain't gonna do it.

1605
01:11:40,760 --> 01:11:42,479
Speaker 7: See, if I just tell it to you, you're still

1606
01:11:42,520 --> 01:11:45,839
Speaker 7: liable to make the mistakes because you're trying to replay

1607
01:11:45,880 --> 01:11:49,160
Speaker 7: what I said, and it's gonna you know, you ain't

1608
01:11:49,160 --> 01:11:51,560
Speaker 7: really getting it. I can tell you watch out for

1609
01:11:51,600 --> 01:11:54,160
Speaker 7: that whole, but it's so many other things going on,

1610
01:11:54,439 --> 01:11:55,160
Speaker 7: you still.

1611
01:11:54,920 --> 01:11:55,519
Speaker 4: Fall in the whole.

1612
01:11:55,840 --> 01:11:57,679
Speaker 7: But now if I grab your hand and say look,

1613
01:11:57,680 --> 01:12:00,000
Speaker 7: we're gonna step over this whole, and I got your hand,

1614
01:12:00,360 --> 01:12:02,920
Speaker 7: You're like, okay, let me step over the whole. Right,

1615
01:12:02,960 --> 01:12:05,040
Speaker 7: So it's important. It was important for me to say,

1616
01:12:05,400 --> 01:12:09,800
Speaker 7: let's shift gives. Let's not just tell them, let's lead them.

1617
01:12:09,840 --> 01:12:13,200
Speaker 5: And what makes it so impressive is that you know,

1618
01:12:13,280 --> 01:12:16,240
Speaker 5: most times people, you know, they take programs, they take

1619
01:12:16,280 --> 01:12:16,799
Speaker 5: cause it's.

1620
01:12:16,680 --> 01:12:18,760
Speaker 3: Really about themselves. But this ain't.

1621
01:12:18,800 --> 01:12:21,240
Speaker 5: This is about you, but it's about your family. And like,

1622
01:12:21,280 --> 01:12:23,800
Speaker 5: who doesn't want to set up that family lug, you

1623
01:12:23,840 --> 01:12:25,000
Speaker 5: know what I'm saying. Who doesn't want to be the

1624
01:12:25,040 --> 01:12:28,000
Speaker 5: plug to create generational themselves.

1625
01:12:28,000 --> 01:12:30,960
Speaker 2: It's the most selfless act you can give. I mean,

1626
01:12:31,160 --> 01:12:33,439
Speaker 2: it's not even no more than we can actually even

1627
01:12:33,439 --> 01:12:35,000
Speaker 2: say about it. I just feel like it's just a

1628
01:12:35,040 --> 01:12:36,960
Speaker 2: really proud thing that we're proud of. That that's the

1629
01:12:37,040 --> 01:12:40,599
Speaker 2: parting with you as our first product, that we actually

1630
01:12:40,640 --> 01:12:44,559
Speaker 2: are part of that magically you know, performed.

1631
01:12:44,000 --> 01:12:49,080
Speaker 7: On I feel like a artist directed.

1632
01:12:52,560 --> 01:12:56,800
Speaker 6: Its purple taste. Ghost face on the Purple tape. So

1633
01:12:56,840 --> 01:12:58,200
Speaker 6: you don't let say that.

1634
01:12:58,160 --> 01:13:01,519
Speaker 7: I'm gonna say, you don't let that hear you say

1635
01:13:01,560 --> 01:13:05,040
Speaker 7: that ghost Faseline because he's capped down. He said, I'm

1636
01:13:05,080 --> 01:13:06,400
Speaker 7: still trying to figure out how you came up with

1637
01:13:06,560 --> 01:13:09,240
Speaker 7: I don't even know. That's another story. That's a whole

1638
01:13:09,320 --> 01:13:10,160
Speaker 7: nother podcast.

1639
01:13:10,560 --> 01:13:12,840
Speaker 2: So being that, you know, it's the holiday season, right

1640
01:13:13,280 --> 01:13:16,080
Speaker 2: and we in the Black Friday vibe, We're not even

1641
01:13:16,120 --> 01:13:18,840
Speaker 2: gonna wait till Black everybody dropping their situation on Black Friday.

1642
01:13:18,840 --> 01:13:21,680
Speaker 2: Were literally gonna drop this right now. And you know,

1643
01:13:21,720 --> 01:13:26,599
Speaker 2: you was like, you know what, Trappers earnest United United

1644
01:13:26,680 --> 01:13:30,040
Speaker 2: Front Family. So we was going to do fifty percent off,

1645
01:13:30,400 --> 01:13:32,680
Speaker 2: fifty per off of but you're like, you know what,

1646
01:13:32,800 --> 01:13:35,040
Speaker 2: let's just do something like a little even crazier. Let's

1647
01:13:35,040 --> 01:13:37,240
Speaker 2: do seventy five percent off for the first two hundred

1648
01:13:37,240 --> 01:13:39,960
Speaker 2: people out of the love, and then after that it

1649
01:13:40,040 --> 01:13:43,200
Speaker 2: can go to fifty percent. So the first two hundred

1650
01:13:43,280 --> 01:13:47,519
Speaker 2: people that are interested in investing in themselves, guaranteeing at

1651
01:13:47,520 --> 01:13:49,880
Speaker 2: that child becomes a millionaire and just building generation.

1652
01:13:49,800 --> 01:13:51,400
Speaker 3: Again, guaranteed.

1653
01:13:51,479 --> 01:13:53,920
Speaker 6: Yeah, guarantee. That's the fact. Now we stay, we're gonna

1654
01:13:53,920 --> 01:13:55,080
Speaker 6: stamp that.

1655
01:13:55,760 --> 01:13:59,880
Speaker 7: Nobody in the game, nobody, nobody, never been done. Every

1656
01:14:00,520 --> 01:14:02,400
Speaker 7: safe route being is guaranteed.

1657
01:14:02,560 --> 01:14:05,280
Speaker 2: People people give you like this is literally this ain't

1658
01:14:05,280 --> 01:14:07,680
Speaker 2: for the lazy investor. This is for the This is

1659
01:14:07,720 --> 01:14:10,360
Speaker 2: for the diligent person that's willing to really make the

1660
01:14:10,400 --> 01:14:13,080
Speaker 2: sacrifices to learn because it's going to be there.

1661
01:14:13,120 --> 01:14:14,240
Speaker 6: You just got to actually learn.

1662
01:14:14,280 --> 01:14:16,840
Speaker 3: There's no housing it it's like there's no like, how.

1663
01:14:16,760 --> 01:14:17,400
Speaker 4: Do I do it?

1664
01:14:17,600 --> 01:14:18,719
Speaker 6: No, No, it's it's everything.

1665
01:14:19,160 --> 01:14:22,040
Speaker 4: It took the We literally took the guests work out.

1666
01:14:21,880 --> 01:14:22,839
Speaker 6: Of the Yeah.

1667
01:14:22,880 --> 01:14:26,679
Speaker 2: So the first two hundred people, first come, first serve,

1668
01:14:26,800 --> 01:14:28,720
Speaker 2: so please don't email. It's nothing we can do. Once

1669
01:14:28,760 --> 01:14:31,639
Speaker 2: it's going, it is. The first two hundred people will

1670
01:14:31,640 --> 01:14:36,360
Speaker 2: get seventy five percent off. Seventy five percent off and

1671
01:14:36,360 --> 01:14:39,599
Speaker 2: that's dropping right now, literally on Tuesday, and we're gonna

1672
01:14:39,640 --> 01:14:40,679
Speaker 2: run it as long as.

1673
01:14:40,600 --> 01:14:43,439
Speaker 6: It last, and after that it'll probably go fifty percent off.

1674
01:14:43,720 --> 01:14:45,280
Speaker 2: So you're still get a discount, just you know, it's

1675
01:14:45,320 --> 01:14:48,080
Speaker 2: just slightly slightly it's still be loved. I mean, fifty

1676
01:14:48,080 --> 01:14:51,360
Speaker 2: percent off is still love. So where can they find

1677
01:14:51,360 --> 01:14:54,080
Speaker 2: that try? I know it'll be on our website, Lisia

1678
01:14:54,160 --> 01:14:56,599
Speaker 2: dot com. We'll have it on the alumni tab. We'll

1679
01:14:56,640 --> 01:14:58,400
Speaker 2: have it on the red tab on the front. You

1680
01:14:58,479 --> 01:14:59,880
Speaker 2: just go there, but they can also click the link.

1681
01:15:00,040 --> 01:15:00,840
Speaker 2: Your body all believe too.

1682
01:15:00,960 --> 01:15:02,680
Speaker 7: Yeah, ye, yeah, So I'm gonna set it up, you know,

1683
01:15:02,920 --> 01:15:07,000
Speaker 7: my trap house, like the call the Man. I already know, man,

1684
01:15:07,040 --> 01:15:08,479
Speaker 7: So yeah, you know we're gonna have it on my

1685
01:15:09,120 --> 01:15:11,120
Speaker 7: link to I'm gonna put it up there.

1686
01:15:11,200 --> 01:15:13,240
Speaker 4: Man. You know, I ain't even gonna lie, man.

1687
01:15:13,200 --> 01:15:16,880
Speaker 7: Like, I feel like this is like some of my

1688
01:15:17,000 --> 01:15:20,720
Speaker 7: best work because I learned so much, you know what

1689
01:15:20,760 --> 01:15:24,200
Speaker 7: I'm saying. And for me, I'm a learning machine. But

1690
01:15:24,240 --> 01:15:27,080
Speaker 7: I'm not just a learner, like I'm the person who

1691
01:15:27,120 --> 01:15:28,920
Speaker 7: go ahead first and figure it out.

1692
01:15:29,000 --> 01:15:30,920
Speaker 4: I won't get burnt, I won't, you know what I'm saying.

1693
01:15:30,920 --> 01:15:32,720
Speaker 7: It's kind of like I won't make the mistakes so

1694
01:15:32,800 --> 01:15:34,519
Speaker 7: I can learn from it, because I when I don't

1695
01:15:34,520 --> 01:15:37,559
Speaker 7: make no mistakes, I'm missing something through it.

1696
01:15:37,600 --> 01:15:39,160
Speaker 3: So you won't do it, you know what I'm saying.

1697
01:15:39,200 --> 01:15:40,880
Speaker 7: So I feel like, you know, it was great for

1698
01:15:41,320 --> 01:15:43,840
Speaker 7: all of us to get together because I know for

1699
01:15:43,880 --> 01:15:46,920
Speaker 7: sure that it wasn't about how much money we can make.

1700
01:15:47,800 --> 01:15:48,599
Speaker 4: I know for sure.

1701
01:15:48,600 --> 01:15:53,160
Speaker 7: It was about bro the culture needed, the world need us,

1702
01:15:54,200 --> 01:15:56,720
Speaker 7: Our people need us, you know what I'm saying. So

1703
01:15:57,120 --> 01:15:59,760
Speaker 7: who else they're relating to? A better than Wall Street

1704
01:15:59,800 --> 01:16:00,759
Speaker 7: chap or you leegion.

1705
01:16:01,000 --> 01:16:02,599
Speaker 6: That's the fact, Troy. What's the website?

1706
01:16:02,720 --> 01:16:05,640
Speaker 5: Yeah, so it's trapping with eyl dot com. That's t

1707
01:16:05,920 --> 01:16:10,120
Speaker 5: R A P P I N with gott. I gotta

1708
01:16:10,160 --> 01:16:12,439
Speaker 5: get you in there with eyl dot com. You know

1709
01:16:12,439 --> 01:16:14,200
Speaker 5: how we play it. Don't wait, don't hesitate, man, two

1710
01:16:14,280 --> 01:16:15,760
Speaker 5: hundred people get over there.

1711
01:16:15,800 --> 01:16:17,240
Speaker 2: So you can click the link in our bio. You

1712
01:16:17,240 --> 01:16:18,920
Speaker 2: can click the link and travels bio, or you can

1713
01:16:18,960 --> 01:16:22,679
Speaker 2: go to the website direct. Trap always a pleasure, my brother.

1714
01:16:22,720 --> 01:16:24,240
Speaker 2: What would you like to tell the people before you

1715
01:16:24,280 --> 01:16:24,679
Speaker 2: head out?

1716
01:16:25,120 --> 01:16:25,320
Speaker 4: Man?

1717
01:16:25,360 --> 01:16:27,360
Speaker 7: This is the sort of most important thing for us

1718
01:16:27,400 --> 01:16:32,240
Speaker 7: to do is man, solidify the generations behind us. We

1719
01:16:32,320 --> 01:16:36,000
Speaker 7: do that by educating ourselves. Now, if we don't educate ourselves,

1720
01:16:36,040 --> 01:16:38,040
Speaker 7: we can't say nobody right.

1721
01:16:38,080 --> 01:16:38,840
Speaker 4: So I think it's.

1722
01:16:38,720 --> 01:16:41,320
Speaker 7: Important that we put the next generation in play, because

1723
01:16:41,320 --> 01:16:42,599
Speaker 7: ain't nobody gonna save us?

1724
01:16:42,600 --> 01:16:42,800
Speaker 4: Man?

1725
01:16:43,400 --> 01:16:45,600
Speaker 7: Something I always say, Man, if you allowed them to

1726
01:16:45,640 --> 01:16:48,840
Speaker 7: feed you, you get them permission to starve you. And

1727
01:16:48,880 --> 01:16:52,360
Speaker 7: with this right here, you ain't giving nobody permission to

1728
01:16:52,400 --> 01:16:53,240
Speaker 7: start your family.

1729
01:16:53,439 --> 01:16:55,479
Speaker 6: That's the fact Troy Housekeeping item.

1730
01:16:55,520 --> 01:16:55,680
Speaker 3: Yeah.

1731
01:16:55,680 --> 01:16:57,640
Speaker 5: Shout out to everybody on Patreon dot com. Y'all know

1732
01:16:57,640 --> 01:17:00,760
Speaker 5: that's our product to pay program. Obviously, the top tier

1733
01:17:01,040 --> 01:17:03,839
Speaker 5: tier level five, y'all get access to e y L University,

1734
01:17:03,880 --> 01:17:06,680
Speaker 5: the number one school for business, finance and entrepreneurism in

1735
01:17:06,720 --> 01:17:07,320
Speaker 5: the world.

1736
01:17:07,920 --> 01:17:09,479
Speaker 3: So shout out to older earners. That's part of that.

1737
01:17:09,800 --> 01:17:12,080
Speaker 5: And shout out to everybody that has been supporting the

1738
01:17:12,280 --> 01:17:16,720
Speaker 5: brand new merch It's off to a great start. We

1739
01:17:16,800 --> 01:17:19,280
Speaker 5: still running a discount on that, so go ahead and

1740
01:17:19,320 --> 01:17:23,920
Speaker 5: get your stuff. Earners, go grab the items that exclusively

1741
01:17:24,080 --> 01:17:26,400
Speaker 5: to you, and shout out to our collaborations. Man that

1742
01:17:26,400 --> 01:17:28,559
Speaker 5: that that that tide I joint went crazy.

1743
01:17:28,600 --> 01:17:31,680
Speaker 4: That was crazy. I'm still waiting on mine.

1744
01:17:32,080 --> 01:17:34,040
Speaker 5: Shout out to the merch team too, man, Shout the Bam,

1745
01:17:34,080 --> 01:17:36,040
Speaker 5: shout the Smithy out in Atlanta.

1746
01:17:36,080 --> 01:17:39,040
Speaker 6: Shout to mic Yeah, so don't forget man, all merch too.

1747
01:17:39,080 --> 01:17:41,519
Speaker 2: So hit the merch store and we extended the fifty

1748
01:17:41,880 --> 01:17:44,880
Speaker 2: ey L code as well EYO fifty for both the

1749
01:17:44,920 --> 01:17:47,840
Speaker 2: merch and Eyo University as well, So make sure you

1750
01:17:47,920 --> 01:17:50,880
Speaker 2: tap in with that good day, good people, or good

1751
01:17:51,000 --> 01:17:53,720
Speaker 2: night wherever you are in the world. It's been a

1752
01:17:53,760 --> 01:17:56,720
Speaker 2: pleasure as always, and thank you guys for rocking with us.

1753
01:17:56,760 --> 01:17:57,840
Speaker 6: We'll see you next week.

1754
01:17:58,320 --> 01:18:01,360
Speaker 3: Big Trap Fee.

1755
01:18:04,040 --> 01:18:07,719
Speaker 9: An illegal alien from Guatemala charged with raping a child

1756
01:18:07,720 --> 01:18:11,520
Speaker 9: in Massachusetts. An MS thirteen gang member from Al Salvador

1757
01:18:11,760 --> 01:18:15,920
Speaker 9: accused of murdering a Texas man of Venezuelan charged with

1758
01:18:15,960 --> 01:18:19,880
Speaker 9: filming and selling child pornography in Michigan. These are just

1759
01:18:19,960 --> 01:18:23,679
Speaker 9: some of the heinous migrant criminals caught because of President

1760
01:18:23,760 --> 01:18:27,360
Speaker 9: Donald J. Trump's leadership. I'm Christy nom the United States

1761
01:18:27,360 --> 01:18:32,160
Speaker 9: Secretary of Homeland Security. Under President Trump, attempted illegal border

1762
01:18:32,200 --> 01:18:35,760
Speaker 9: crossings are at the lowest levels ever recorded, and over

1763
01:18:35,800 --> 01:18:39,040
Speaker 9: one hundred thousand illegal aliens have been arrested. If you

1764
01:18:39,080 --> 01:18:42,960
Speaker 9: are here illegally, your next you will be fine nearly

1765
01:18:43,040 --> 01:18:47,040
Speaker 9: one thousand dollars a day, imprisoned and deported, you will

1766
01:18:47,080 --> 01:18:50,720
Speaker 9: never return. But if you register using our CBP home

1767
01:18:50,760 --> 01:18:54,160
Speaker 9: app and leave now, you could be allowed to return legally.

1768
01:18:54,520 --> 01:18:59,240
Speaker 9: Do what's right. Leave now. Under President Trump America's laws,

1769
01:18:59,439 --> 01:19:00,840
Speaker 9: border and families

1770
01:19:01,040 --> 01:19:03,439
Speaker 4: Will be Protected sponsored by the United States Department of

1771
01:19:03,479 --> 01:19:04,120
Speaker 4: Homeland Security,