WEBVTT - EYL #110 The Re-Up feat. Wallstreet Trapper

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<v Speaker 2>All right, Gods, welcome back e y L the reup edition. Yeah, reuppack.

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<v Speaker 3>Yeah.

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<v Speaker 2>If you if you follow, if you haven't been under

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<v Speaker 2>the rock for the last fifteen months, you understand what

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<v Speaker 2>this is about. This is going to be legendary situation.

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<v Speaker 2>So around almost thirteen months ago. I believe we did it.

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<v Speaker 2>We did episode forty four of Earning Your Leisure with

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<v Speaker 2>Leon Howard.

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<v Speaker 4>Big Trap, the Biggest Trapper.

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<v Speaker 2>Vegas aka Wall Street Trapper aka Big Trap, your.

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<v Speaker 3>Coin. It's it's already going.

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<v Speaker 2>Yeah, that episode just changed everything. Man. If it is

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<v Speaker 2>your first time ever watching your Leasion, you might not

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<v Speaker 2>be familiar with us or brother Wall Street Trapper. You

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<v Speaker 2>know that he just is a dynamic force that's literally

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<v Speaker 2>changing not only the culture but the world as far

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<v Speaker 2>as teaching stocks and teaching investing in a way that

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<v Speaker 2>I've never seen anybody actually be able to relate you know,

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<v Speaker 2>common you know language, street terms and break it down

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<v Speaker 2>into very sophisticated business and stocks and investing language. And

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<v Speaker 2>it started a whole movement and thousands, hundreds of thousands

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<v Speaker 2>of people that you know are loyal trappers worldwide.

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<v Speaker 4>The Trap you know a fact.

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<v Speaker 3>That's how original it is. Man.

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<v Speaker 5>I can't I haven't seen anybody even trying to duplicate it.

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<v Speaker 5>It's so unique to you, you know what I mean,

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<v Speaker 5>So kudos you for that, bro.

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<v Speaker 2>You know, when the Bro reached out and he was like,

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<v Speaker 2>you know, I think it's time man, for you know,

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<v Speaker 2>round two and reacts, man, listen, let's let's do it.

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<v Speaker 6>Man, let's break the internet again.

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<v Speaker 2>And but he was like, you know, this time, I

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<v Speaker 2>got a little different twist I want to put on it.

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<v Speaker 2>So I'm like, what's up, Like talk to me. So

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<v Speaker 2>he's like the first time, and if you haven't watched

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<v Speaker 2>episode forty four, you need to do that. You're doing

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<v Speaker 2>yourself with your minutes of service. But the first time,

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<v Speaker 2>he was like, you know, we just kind of we

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<v Speaker 2>talked about investing, We talked about stocks, we talked about

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<v Speaker 2>you know, a lot of different things, like much like

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<v Speaker 2>a one on one, but you know, where we're at

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<v Speaker 2>now is a pivotal moment, not only in just world

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<v Speaker 2>history but for our culture, Like this is this is

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<v Speaker 2>a pendulum shift where you can actually make some real

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<v Speaker 2>changes and change your generation for years to come. So

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<v Speaker 2>he was like, yo' it's bigger than just telling people

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<v Speaker 2>with stocks to invest in, Like, we got an opportunity

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<v Speaker 2>to actually change generations. So I'm like, what you're talking about.

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<v Speaker 2>He's like, yo, I want to do something where it's

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<v Speaker 2>like I'm laying out of blueprint for not only yourself,

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<v Speaker 2>for your family and your children and your children's children,

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<v Speaker 2>and that led to a series of conversations which led to,

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<v Speaker 2>you know, us actually collaborating and we're going to talk

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<v Speaker 2>about that.

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<v Speaker 6>But yeah, you know.

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<v Speaker 2>What, my man MG, the mortgage guy, always say, collaboration

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<v Speaker 2>is better than.

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<v Speaker 6>Competitions, you know what I'm saying. So we actually.

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<v Speaker 2>Actually even bigger than just the show, Like we put

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<v Speaker 2>together something just on our own, you know, as entrepreneurs

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<v Speaker 2>just coming together. That's just gonna, you know what I mean,

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<v Speaker 2>really change everything. But we definitely had to do a show.

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<v Speaker 2>I'm like, bro, we need to do a show like

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<v Speaker 2>to really like get his get his game out here, man.

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<v Speaker 2>So that's what we're here for right now. We're going

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<v Speaker 2>to give a billion dollars worth a game, one hundred

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<v Speaker 2>years worth, a game for investing for you know, how

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<v Speaker 2>to how to really get up on on investing, how

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<v Speaker 2>to change your future of your family, how to dissect businesses,

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<v Speaker 2>all that stuff. So strap your seat belts in first

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<v Speaker 2>and foremost, get your man, and most importantly, trapper attire

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<v Speaker 2>is required.

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<v Speaker 6>First and foremost. Man, welcome back, my brother man.

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<v Speaker 3>I'm glad to be back.

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<v Speaker 1>Man.

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<v Speaker 4>Shot my brothers Man, Troy shah Man. It's number love whole.

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<v Speaker 4>Aren't leisure family?

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<v Speaker 6>Man?

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<v Speaker 4>Just appreciate y'all letting me come back.

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<v Speaker 7>You know, any time we put something together, it seem

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<v Speaker 7>like we shift the culture every time, you know what

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<v Speaker 7>I'm saying. I know, we just did a live like

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<v Speaker 7>the other day, you know what I'm saying, And I

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<v Speaker 7>think that was great that live we did. That was impromptu,

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<v Speaker 7>you know what I'm saying. Ten thirty at night, we

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<v Speaker 7>got fifteen hundred people on a live and we just

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<v Speaker 7>having a conversation similar to we all what we always have.

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<v Speaker 7>It's crazy for that because we allowed it was like

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<v Speaker 7>us allowing people to hear a conversation that we always have,

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<v Speaker 7>you know what I'm saying. And I think that's just monumental, man,

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<v Speaker 7>every time we get to talk, you know. And I

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<v Speaker 7>think it's a great balance for people because for me,

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<v Speaker 7>I think I always say it's more of us than

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<v Speaker 7>it is them. And what I mean by that is

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<v Speaker 7>it's more people trying to figure it out, you know

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<v Speaker 7>what I'm saying. It's more people trying to understand how

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<v Speaker 7>can I get in a better situation? What do I

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<v Speaker 7>have to do to improve? Like I see people living

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<v Speaker 7>and I'm tired of struggling. It's way more to us

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<v Speaker 7>than it is the ones who figured it out. So

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<v Speaker 7>for me, I feel like I always got to be

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<v Speaker 7>in the trenches. I always got to be with the

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<v Speaker 7>people who trying to figure it out, even if I

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<v Speaker 7>got to do it one by one, you know what

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<v Speaker 7>I'm saying. So for them to hear that and for

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<v Speaker 7>me to be with you all, like I love this

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<v Speaker 7>platform because, like I told y'all the first time, man,

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<v Speaker 7>like y'all doing something amazing.

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<v Speaker 4>You know what I'm saying, it's showing.

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<v Speaker 7>Thirteen months later, Man, we're almost four hundred thousand people

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<v Speaker 7>on the ground. With YouTube, y'all almost got a million people, bro,

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<v Speaker 7>man't account with people doing in audio. You know what

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<v Speaker 7>y'all doing with audio's I can easily see y'all touch

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<v Speaker 7>a million people every time y'all post something, bro. And

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<v Speaker 7>it's not on no you know, no laughing stuff, it's

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<v Speaker 7>not on no, you know, just nothing caring balls and nothing.

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<v Speaker 7>You know, nothing against that, bro. But it's straight. It's straight,

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<v Speaker 7>giving people what they need.

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<v Speaker 4>It's straight. I know.

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<v Speaker 7>I know it happens to me every time y'all see somebody.

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<v Speaker 7>I can guarantee this it ain't a date that y'all

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<v Speaker 7>leave out.

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<v Speaker 4>Y'all hood. Somebody tell y'all, bro y'all changing my life.

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<v Speaker 3>You know what I'm saying.

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<v Speaker 7>And for me that mean a lot because I know

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<v Speaker 7>what I injected to the culture in my past. So

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<v Speaker 7>for me to be able to now say I can

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<v Speaker 7>change your family with teaching them how to invest, teaching

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<v Speaker 7>them about financial literacy, teach them about the things I've learned,

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<v Speaker 7>and I can bring it to this to y'all platform.

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<v Speaker 4>And I think that's amazing. Man.

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<v Speaker 5>Yeah, this is one of the moments. Like I said,

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<v Speaker 5>the last time you came here was a classic. This

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<v Speaker 5>time around the scenery has changed a little bit, but

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<v Speaker 5>I feel like it was a story getting to know

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<v Speaker 5>who Wall Street Trapper was and then you gave out knowledge.

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<v Speaker 5>And I think the reup now is like here, come

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<v Speaker 5>to execution. Now we're gonna put you on play to

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<v Speaker 5>really bridge the gap on like what you need to

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<v Speaker 5>do now that you've got.

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<v Speaker 2>Before we start. I thank you also because we just

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<v Speaker 2>came from Dykman. You was with us, traps with us

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<v Speaker 2>this whole weekend. We was working out together, we was

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<v Speaker 2>doing everything together, and you know, we had an amazing,

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<v Speaker 2>amazing community give back over four hundred turkeys, was giving

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<v Speaker 2>away ten thousand dollars in cash, gift cards, was giving

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<v Speaker 2>away TV trip to Disneyland, iPad.

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<v Speaker 6>It was just so much stuff, man.

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<v Speaker 2>So shout out to thykmen, basket Pete, and shout out

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<v Speaker 2>to MG the mortgage guy. Shout out to Jamal, Shout

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<v Speaker 2>out my sister, Shout out to everybody.

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<v Speaker 6>Just came to Dye and you was a dead man

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<v Speaker 6>and the people came.

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<v Speaker 8>Yo. They passed me, They like, YO, excuse me?

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<v Speaker 4>Is that New York showed me love?

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<v Speaker 9>Man?

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<v Speaker 7>Like when I look at my analytics, like New York

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<v Speaker 7>is the number one, And I know.

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<v Speaker 3>It's two things too.

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<v Speaker 4>You know. Of course I'm putting in work, but I

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<v Speaker 4>know I rock with y'all so hard.

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<v Speaker 7>Y'all always it's literally not a podcast or alive that

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<v Speaker 7>I've seen you all do.

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<v Speaker 4>What y'all don't say. Shout my bro Wall Street trap

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<v Speaker 4>I've seen.

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<v Speaker 7>Y'all go on revault and I saw Troy say one

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<v Speaker 7>thing my brother Wall Street Trapp will always say. So

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<v Speaker 7>I think you know that I feel like New York

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<v Speaker 7>is like another home, you know, because when I come

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<v Speaker 7>here with y'all. So for me to be a month's dad,

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<v Speaker 7>it's like, damn, like they rock with me in New

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<v Speaker 7>York too, you know what I'm saying, Like they're showing

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<v Speaker 7>me love, like people telling me like go eat here, trap,

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<v Speaker 7>go eat there, and you know, so that was just

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<v Speaker 7>love for me. And also this time around, I felt

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<v Speaker 7>more comfortable here and just being in that whole area,

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<v Speaker 7>that whole Dykeman area.

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<v Speaker 4>I'm not gonna lie.

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<v Speaker 7>I just always looking around and I was seeing people

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<v Speaker 7>and I was like, bro, Like in my mind, I

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<v Speaker 7>just kept saying, we got a lot more work to do.

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<v Speaker 7>I kept saying that. I'm like Troy, we got a

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<v Speaker 7>lot more work to do. Shot, we got a lot

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<v Speaker 7>more work to do. Because I'm seeing it, you know

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<v Speaker 7>what I'm saying. And I'm seeing myself again. You know

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<v Speaker 7>what I'm saying. I'm seeing me moving forward in progress,

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<v Speaker 7>and I'm seeing why I can't do certain things because

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<v Speaker 7>I got to go back here. The language in the

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<v Speaker 7>hood is the same everywhere. The slangs just changed, but

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<v Speaker 7>the language and the thread that's in every hood is

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<v Speaker 7>the same. Struggle trying to figure it out, keep bumping

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<v Speaker 7>my head against the wall. You know what, I'm saying

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<v Speaker 7>so for me is all right, let me show them.

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<v Speaker 7>I know you want to eat today, but let me

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<v Speaker 7>show you how to.

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<v Speaker 3>Put a meal on the table for generations.

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<v Speaker 10>Man.

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<v Speaker 6>That's the fact, man.

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<v Speaker 2>And that's a perfect segue because, like Choy said, the

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<v Speaker 2>first time was like the beginning, like execution.

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<v Speaker 6>So let's jump right into it.

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<v Speaker 2>As far as the investment, you the Wall Street trapper,

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<v Speaker 2>So obviously stock market is your game. So anybody that's

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<v Speaker 2>been investing, I feel like a lot of people came

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<v Speaker 2>into stocks around this pandemic, and it's been a flush

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<v Speaker 2>of new investors that started to come into the marketplace

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<v Speaker 2>and now they're actually being educated on stock market. They're

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<v Speaker 2>watching trapping Tuesdays, they're watching market Mondays, shout out to

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<v Speaker 2>the end to end.

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<v Speaker 6>So let me ask you this.

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<v Speaker 4>Yeah.

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<v Speaker 2>One of the things even I struggle with sometimes is

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<v Speaker 2>like how do you know when it's selling stock? Because everybody,

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<v Speaker 2>a lot of people tell you like this is a

0:10:37.480 --> 0:10:39.480
<v Speaker 2>good time to buy the stock, right Like obviously, like

0:10:39.520 --> 0:10:42.040
<v Speaker 2>if it's twenty percent off of it's high, then you

0:10:42.040 --> 0:10:44.280
<v Speaker 2>can use that metrics, or if it's you know, it's

0:10:44.600 --> 0:10:46.800
<v Speaker 2>it's different strategies of how to know when to buy

0:10:46.800 --> 0:10:50.000
<v Speaker 2>a stock. But there's not really too many metrics or

0:10:50.040 --> 0:10:53.079
<v Speaker 2>strategies that I've seen. It's know when it's selling stock.

0:10:53.160 --> 0:10:55.480
<v Speaker 2>So how do you what's your thoughts on that?

0:10:55.800 --> 0:10:58.000
<v Speaker 7>So I have a few ways in which I deal

0:10:58.080 --> 0:11:00.240
<v Speaker 7>with selling the stock right. So one of the is

0:11:00.960 --> 0:11:03.640
<v Speaker 7>I ask before I even buy a stock first, I want,

0:11:03.760 --> 0:11:05.839
<v Speaker 7>you know, put a valuation on it, like.

0:11:05.800 --> 0:11:07.240
<v Speaker 4>What I think the company is worth.

0:11:07.600 --> 0:11:09.559
<v Speaker 7>So before you get doing anything, you got to put

0:11:09.559 --> 0:11:12.439
<v Speaker 7>a price tag on it, after you research the business,

0:11:12.480 --> 0:11:14.360
<v Speaker 7>after you understand what it's worth. Because if you don't

0:11:14.400 --> 0:11:16.280
<v Speaker 7>know what it's worth, you don't know when to sell,

0:11:16.600 --> 0:11:18.560
<v Speaker 7>you don't know when to buy. So you got to

0:11:18.559 --> 0:11:20.240
<v Speaker 7>put that price tag on it. And that only comes

0:11:20.280 --> 0:11:23.240
<v Speaker 7>from doing the fundamental research right, understand the business. And

0:11:23.320 --> 0:11:25.079
<v Speaker 7>so one of the things I like to tell myself

0:11:25.120 --> 0:11:28.880
<v Speaker 7>is simple, once it gets to one hundred percent for me,

0:11:29.920 --> 0:11:31.960
<v Speaker 7>now it's time for me to think about do I

0:11:32.000 --> 0:11:33.160
<v Speaker 7>have another business?

0:11:33.559 --> 0:11:34.559
<v Speaker 3>Because I don't want to just.

0:11:34.520 --> 0:11:35.599
<v Speaker 6>Say hundred profit.

0:11:35.760 --> 0:11:39.720
<v Speaker 7>Yeah, I don't want to just sell and have the

0:11:39.760 --> 0:11:42.560
<v Speaker 7>money sitting in my account. I think that's what most

0:11:42.559 --> 0:11:44.800
<v Speaker 7>people do. Like, so you got to put a tag

0:11:44.840 --> 0:11:46.880
<v Speaker 7>on it and then put a life expectancy on it,

0:11:46.920 --> 0:11:49.880
<v Speaker 7>like what do I expect it to do in this timeframe?

0:11:50.280 --> 0:11:53.120
<v Speaker 7>And is it up a certain percentage in this time frame?

0:11:53.400 --> 0:11:56.480
<v Speaker 7>So for me, the goal is already buy and hold

0:11:56.880 --> 0:11:59.959
<v Speaker 7>five years, ten years, twenty years, like you have to

0:12:00.240 --> 0:12:02.920
<v Speaker 7>have a life expectancy of it, how you wanted to perform.

0:12:03.200 --> 0:12:05.120
<v Speaker 7>And then I'm asking myself, well, in this time if

0:12:05.160 --> 0:12:07.600
<v Speaker 7>I'm up one hundred percent or more, if i have

0:12:07.720 --> 0:12:11.160
<v Speaker 7>another stock that I'm willing to invest in. That's why

0:12:11.160 --> 0:12:14.000
<v Speaker 7>we should always be looking for new businesses. That's why

0:12:14.040 --> 0:12:16.200
<v Speaker 7>I tell people all the time, like I don't care

0:12:16.280 --> 0:12:19.120
<v Speaker 7>what's going on every day, I'm researching new businesses because

0:12:19.120 --> 0:12:22.320
<v Speaker 7>the world gonna keep on solving problems. That's what businesses are, man,

0:12:22.360 --> 0:12:24.319
<v Speaker 7>They solve problems, you know what I'm saying.

0:12:24.360 --> 0:12:26.280
<v Speaker 4>So the world always is presented with a problem.

0:12:26.400 --> 0:12:28.560
<v Speaker 7>Somebody's always going to try to do something better, like

0:12:28.640 --> 0:12:31.360
<v Speaker 7>Amazon drop whatever they drop, Boom, Snowflake.

0:12:30.880 --> 0:12:32.600
<v Speaker 4>Coming with They say I could do it better than Amazon,

0:12:32.920 --> 0:12:33.640
<v Speaker 4>you feel what I'm saying.

0:12:33.679 --> 0:12:36.479
<v Speaker 7>So now they're saying, Okay, let me find different businesses

0:12:36.480 --> 0:12:39.120
<v Speaker 7>that are solving different problems or doing things better than

0:12:39.120 --> 0:12:41.760
<v Speaker 7>other businesses. Even Jeff Beezo said that he said, there's

0:12:41.800 --> 0:12:43.679
<v Speaker 7>going to be a time where some business is gonna

0:12:43.720 --> 0:12:46.760
<v Speaker 7>come and do better than what I'm doing at what

0:12:46.840 --> 0:12:49.400
<v Speaker 7>I'm doing, which is why he keeps on spreading a

0:12:49.480 --> 0:12:51.560
<v Speaker 7>business out. So what I like to do is again

0:12:51.640 --> 0:12:54.040
<v Speaker 7>put the light time span on it, whether it's a

0:12:54.080 --> 0:12:56.080
<v Speaker 7>five year, three year, two year, one year.

0:12:55.960 --> 0:12:56.960
<v Speaker 4>Whatever that case may be.

0:12:57.320 --> 0:12:59.640
<v Speaker 7>If I'm up one hundred percent or more and I

0:12:59.720 --> 0:13:02.400
<v Speaker 7>found I'm another business that I like, I can take

0:13:02.440 --> 0:13:04.839
<v Speaker 7>those profits and then put it in another piode.

0:13:04.840 --> 0:13:07.120
<v Speaker 5>So when you get to one hundred percent, right, are

0:13:07.120 --> 0:13:09.840
<v Speaker 5>you saying, like, are you taking a portion of the

0:13:09.880 --> 0:13:12.200
<v Speaker 5>shares or you completely leaving the position?

0:13:12.360 --> 0:13:12.600
<v Speaker 4>Nah?

0:13:12.640 --> 0:13:15.800
<v Speaker 7>So I want to stay in a position, right because

0:13:15.800 --> 0:13:17.360
<v Speaker 7>if it's up one hundred percent, to me, that I

0:13:17.440 --> 0:13:20.800
<v Speaker 7>mean it's still performing well. Like if the fundamentals are increasing,

0:13:21.120 --> 0:13:22.800
<v Speaker 7>management is doing a great job.

0:13:22.800 --> 0:13:23.200
<v Speaker 4>That's cool.

0:13:23.240 --> 0:13:25.480
<v Speaker 7>I don't want to exit that position, right, So I

0:13:25.480 --> 0:13:27.760
<v Speaker 7>can take some of those profits, which means selling some

0:13:27.800 --> 0:13:29.480
<v Speaker 7>of those shares when people don't know, like, because I

0:13:29.559 --> 0:13:31.880
<v Speaker 7>heard people ask me that, like, if I take profit,

0:13:31.920 --> 0:13:33.720
<v Speaker 7>does that mean I'm selling some of the shares? Of

0:13:33.720 --> 0:13:35.520
<v Speaker 7>course you are. You know what I'm saying so you'll

0:13:35.520 --> 0:13:37.760
<v Speaker 7>sell some of those shares and you will put it

0:13:37.760 --> 0:13:40.200
<v Speaker 7>in a new business and now you can start another

0:13:40.240 --> 0:13:43.400
<v Speaker 7>position with those profits, which is ideal.

0:13:43.960 --> 0:13:44.800
<v Speaker 4>You know what I'm saying.

0:13:45.440 --> 0:13:47.959
<v Speaker 7>Another way for me to sell is if the business

0:13:48.000 --> 0:13:50.280
<v Speaker 7>is not performing well, you know what I'm saying. So

0:13:50.280 --> 0:13:52.400
<v Speaker 7>if I did the research on it, if I evaluated

0:13:52.400 --> 0:13:54.439
<v Speaker 7>a business, and also in evaluating a business, when you

0:13:54.480 --> 0:13:57.240
<v Speaker 7>put it life expectancy on it or time span that

0:13:57.280 --> 0:13:59.440
<v Speaker 7>you want to do it you being intentional, right, and

0:13:59.480 --> 0:14:01.600
<v Speaker 7>so you ask, so what is the growth rate of

0:14:01.640 --> 0:14:02.200
<v Speaker 7>this business?

0:14:02.240 --> 0:14:02.920
<v Speaker 6>So how would you call?

0:14:03.080 --> 0:14:05.640
<v Speaker 2>Because this is something that even today in Thankmen, somebody

0:14:05.640 --> 0:14:07.320
<v Speaker 2>came up to me and he was like, you know,

0:14:07.880 --> 0:14:09.600
<v Speaker 2>I know I should invest in good companies, but how

0:14:09.640 --> 0:14:11.719
<v Speaker 2>do I know? How do I find? How do I

0:14:11.760 --> 0:14:13.840
<v Speaker 2>even find a good company? Like do you have to

0:14:13.880 --> 0:14:16.040
<v Speaker 2>like read newspapers?

0:14:16.040 --> 0:14:18.000
<v Speaker 6>Like how do you like? What's your process? Actually?

0:14:18.000 --> 0:14:18.080
<v Speaker 1>Know?

0:14:18.120 --> 0:14:20.600
<v Speaker 6>Okay? Like you said, you gotta constantly find new businesses? Right?

0:14:20.720 --> 0:14:22.200
<v Speaker 6>How do you constantly find new business?

0:14:22.200 --> 0:14:23.920
<v Speaker 7>So an easy way for me, I still use the

0:14:23.960 --> 0:14:26.240
<v Speaker 7>method like I did in prison. Man, I just look

0:14:26.280 --> 0:14:28.520
<v Speaker 7>at all them ticker symbols that's going down the bottom

0:14:28.560 --> 0:14:31.400
<v Speaker 7>of CNBC, Like that's putting it on training wheels. That's

0:14:31.400 --> 0:14:33.760
<v Speaker 7>without you happen to even do anything, or like you

0:14:33.800 --> 0:14:36.280
<v Speaker 7>get on CNBC shout out to the trap was because

0:14:36.280 --> 0:14:38.320
<v Speaker 7>I told them missing they do it now, Like you

0:14:38.360 --> 0:14:40.840
<v Speaker 7>get on CNBC and there's a bunch of ticker symbols

0:14:40.880 --> 0:14:43.760
<v Speaker 7>running across the bottom, ones that you don't know about

0:14:43.800 --> 0:14:46.200
<v Speaker 7>that like, now what is that? Write it down? Like,

0:14:46.280 --> 0:14:48.360
<v Speaker 7>don't be scared to do that. Another thing is also

0:14:49.000 --> 0:14:51.920
<v Speaker 7>I just look at what's going on everything. I'm buying everything.

0:14:51.920 --> 0:14:53.520
<v Speaker 7>I'm looking at it saying who made this?

0:14:54.200 --> 0:14:56.520
<v Speaker 4>What this is? Who produced this? Who did that?

0:14:56.800 --> 0:14:58.640
<v Speaker 7>You know, if I'm looking at tech, I won't see

0:14:58.640 --> 0:15:00.480
<v Speaker 7>like what tech been. Like the other day I found

0:15:00.520 --> 0:15:04.760
<v Speaker 7>out that a business the ticket symbol was rby L.

0:15:05.160 --> 0:15:06.240
<v Speaker 7>I was like, oh, this is the people who make

0:15:06.320 --> 0:15:08.360
<v Speaker 7>light saw, Like I didn't know who made it. But

0:15:08.400 --> 0:15:10.880
<v Speaker 7>as I'm reading the papers, I saw that light saw

0:15:11.120 --> 0:15:13.680
<v Speaker 7>sales had increased by seventy percent. The first thing I

0:15:13.760 --> 0:15:14.600
<v Speaker 7>want to know is.

0:15:14.520 --> 0:15:17.120
<v Speaker 4>Who make that right? Who make that?

0:15:17.240 --> 0:15:19.320
<v Speaker 7>Who make light saf right? And I'm gonna find out

0:15:19.320 --> 0:15:21.800
<v Speaker 7>if it's public as private right. So I think that's

0:15:21.840 --> 0:15:24.600
<v Speaker 7>the easy part in finding businesses. And then what happens

0:15:24.720 --> 0:15:27.600
<v Speaker 7>is when you're looking at one business, it's always going

0:15:27.680 --> 0:15:29.920
<v Speaker 7>to shoot you to another business. It's always going to

0:15:29.960 --> 0:15:32.360
<v Speaker 7>shoot you to its competitor. Like so that's for me.

0:15:32.400 --> 0:15:35.320
<v Speaker 7>I always do that what this business is doing, I

0:15:35.360 --> 0:15:37.000
<v Speaker 7>want compare it to something. So now I'm gonna look

0:15:37.080 --> 0:15:40.400
<v Speaker 7>up such and such peers, So I know the competitor.

0:15:40.480 --> 0:15:42.800
<v Speaker 4>Light saw, it's Clorox. You know what I'm saying.

0:15:42.840 --> 0:15:46.840
<v Speaker 7>So that's easy, that's like, it's it's not hard because

0:15:46.880 --> 0:15:49.600
<v Speaker 7>sixty percent of the businesses in America on a stock money.

0:15:49.720 --> 0:15:52.120
<v Speaker 5>So now that part of your fundamentals is that's the

0:15:52.120 --> 0:15:54.240
<v Speaker 5>first step, right looking for peers. What else are we

0:15:54.280 --> 0:15:55.800
<v Speaker 5>doing to make sure that this is a good company

0:15:55.840 --> 0:15:58.400
<v Speaker 5>are we looking at? I know one of the things

0:15:58.400 --> 0:16:00.200
<v Speaker 5>you love is not debt, but what it's all the

0:16:00.200 --> 0:16:01.600
<v Speaker 5>things that we looking at when we're trying to figure

0:16:01.640 --> 0:16:02.880
<v Speaker 5>out yep, this is a good company.

0:16:03.000 --> 0:16:05.160
<v Speaker 3>Motes, oh Motes.

0:16:05.240 --> 0:16:06.720
<v Speaker 5>Can I tell you when you said that last song?

0:16:06.800 --> 0:16:08.240
<v Speaker 5>I always heard when you talk about most of that.

0:16:08.840 --> 0:16:10.400
<v Speaker 5>I mean, we're big Game of Thrones fans, so when

0:16:10.400 --> 0:16:12.520
<v Speaker 5>we it makes me thinking like when they was at

0:16:12.520 --> 0:16:14.320
<v Speaker 5>Castle Black and it was like, yo, they can't get

0:16:14.320 --> 0:16:14.680
<v Speaker 5>into the.

0:16:14.600 --> 0:16:16.920
<v Speaker 3>Castle because the war is always around and so.

0:16:16.880 --> 0:16:18.800
<v Speaker 7>Like I'm like, oh, that's how I think about motes.

0:16:18.840 --> 0:16:21.280
<v Speaker 7>When you said it's exactly what can you talk about most?

0:16:21.720 --> 0:16:25.840
<v Speaker 7>So a mote is what protects a company from its competitors, right,

0:16:25.880 --> 0:16:28.000
<v Speaker 7>And so there's there's different kinds of most. And that's

0:16:28.040 --> 0:16:30.240
<v Speaker 7>another thing for me too. When I'm looking at a business.

0:16:30.360 --> 0:16:32.680
<v Speaker 7>I actually told the guy it's at Dykeman today.

0:16:33.000 --> 0:16:33.520
<v Speaker 3>I was.

0:16:33.320 --> 0:16:35.680
<v Speaker 7>He explained to me about a business he was looking

0:16:35.680 --> 0:16:36.920
<v Speaker 7>at and he was like, they got a moat And

0:16:36.920 --> 0:16:38.920
<v Speaker 7>I was like, so, what's the moat? And he was like, well,

0:16:38.960 --> 0:16:41.440
<v Speaker 7>they're the only person doing this in they feel And

0:16:41.480 --> 0:16:42.920
<v Speaker 7>I said, ask yourself this question.

0:16:43.440 --> 0:16:45.160
<v Speaker 3>Are they the only business that's.

0:16:45.000 --> 0:16:48.240
<v Speaker 7>Doing it because they have an advantage like they can

0:16:48.440 --> 0:16:49.760
<v Speaker 7>they have a patent on it?

0:16:50.200 --> 0:16:55.000
<v Speaker 4>Or did management find a way to what they it will.

0:16:54.920 --> 0:16:58.120
<v Speaker 7>Cost another business too much money to try to replicate that,

0:16:58.800 --> 0:17:00.680
<v Speaker 7>or just can are they just the first ones to

0:17:00.720 --> 0:17:02.280
<v Speaker 7>do it and then anybody else can come back and

0:17:02.320 --> 0:17:03.840
<v Speaker 7>do it. If that's the case, it's not a mote,

0:17:04.119 --> 0:17:05.840
<v Speaker 7>you know what I'm saying. If I can speed rap

0:17:06.320 --> 0:17:09.680
<v Speaker 7>and then if Rashad if Troy studied me for three

0:17:09.720 --> 0:17:11.480
<v Speaker 7>weeks and then he learned how to speed rap.

0:17:11.520 --> 0:17:13.880
<v Speaker 4>Then he can he can challenge me. Now you feel

0:17:13.880 --> 0:17:14.359
<v Speaker 4>what I'm saying.

0:17:14.400 --> 0:17:16.240
<v Speaker 7>But if I can speed rap in a way that

0:17:17.119 --> 0:17:19.240
<v Speaker 7>he can't get it, I now have.

0:17:19.240 --> 0:17:20.399
<v Speaker 3>Set myself apart.

0:17:20.600 --> 0:17:24.440
<v Speaker 7>Right, So a mote, there's different motes that businesses can have.

0:17:24.560 --> 0:17:27.440
<v Speaker 7>What is so a mote is what protects a business

0:17:27.520 --> 0:17:30.760
<v Speaker 7>from its competitors. Right, It's some type of product or

0:17:30.800 --> 0:17:35.080
<v Speaker 7>service that this business has that their competitors cannot do.

0:17:35.760 --> 0:17:39.359
<v Speaker 7>And they cannot do it for multiple reasons. One, it'll

0:17:39.359 --> 0:17:41.920
<v Speaker 7>cost them too much money to do it right, So

0:17:42.000 --> 0:17:44.360
<v Speaker 7>it's gonna cost you too much money to replicate.

0:17:43.960 --> 0:17:48.040
<v Speaker 4>This Chipotle chapote you feel. I mean.

0:17:48.840 --> 0:17:55.880
<v Speaker 7>So they have this amazing moat where they build relationships.

0:17:56.080 --> 0:17:58.000
<v Speaker 4>Anywhere that they build a store.

0:17:57.720 --> 0:18:02.160
<v Speaker 7>Rap, they find local farm within one hundred mile radius

0:18:03.080 --> 0:18:07.560
<v Speaker 7>and they partner with them in anything that the farmers need.

0:18:08.280 --> 0:18:12.280
<v Speaker 7>They're willing to help them for two reasons. One to

0:18:12.480 --> 0:18:16.639
<v Speaker 7>make sure the crops are great, and two to solidify

0:18:16.840 --> 0:18:20.560
<v Speaker 7>themselves as the plug. So you grow fresh crops. I'm

0:18:20.600 --> 0:18:23.359
<v Speaker 7>a bond from you. But here's what you need and

0:18:23.400 --> 0:18:25.199
<v Speaker 7>if you need help with end of it this, I'm

0:18:25.200 --> 0:18:25.760
<v Speaker 7>gonna help you.

0:18:26.840 --> 0:18:27.040
<v Speaker 4>Right.

0:18:27.119 --> 0:18:29.800
<v Speaker 7>So now what that does is it allows them now

0:18:30.320 --> 0:18:33.320
<v Speaker 7>for their competitors to come beat them. You gotta double

0:18:33.400 --> 0:18:38.560
<v Speaker 7>my price, so now it's going to cut into your profit,

0:18:39.000 --> 0:18:42.239
<v Speaker 7>which now gets into low operational costs. The cost that

0:18:42.240 --> 0:18:44.720
<v Speaker 7>it cost is the business to operate. You feel what

0:18:44.760 --> 0:18:48.359
<v Speaker 7>I'm saying. So because Chapote they have done that. Now,

0:18:48.400 --> 0:18:52.000
<v Speaker 7>the second mold to that is every day they give

0:18:52.040 --> 0:18:56.320
<v Speaker 7>you fresh ingredients because they've partnered with all the local

0:18:56.400 --> 0:18:59.760
<v Speaker 7>farmers around that business. Right, so every day now they've

0:19:00.000 --> 0:19:04.960
<v Speaker 7>guaranteed to give you fresh vegetables that is extremely hard

0:19:04.960 --> 0:19:09.199
<v Speaker 7>to replicate. It's gonna cost you too much money to

0:19:09.320 --> 0:19:12.400
<v Speaker 7>replicate this, so at this point it's not even worth it.

0:19:12.440 --> 0:19:14.800
<v Speaker 5>So from what I'm hearing, it's like, yo, if I

0:19:14.800 --> 0:19:17.280
<v Speaker 5>wanted to make the burrito, right, if I don't have

0:19:17.359 --> 0:19:19.360
<v Speaker 5>that mode, it's gonna cost me like sixteen dollars, where

0:19:19.359 --> 0:19:20.840
<v Speaker 5>it's gonna cast Chipotle like.

0:19:20.760 --> 0:19:22.000
<v Speaker 3>Seven dollars something like that.

0:19:22.359 --> 0:19:24.960
<v Speaker 7>So in that sense, and then pricing is a type

0:19:25.000 --> 0:19:26.879
<v Speaker 7>of mote. It's called a pricing mode, all right, So

0:19:26.920 --> 0:19:29.840
<v Speaker 7>there's other types of motes. There's another another mode that

0:19:29.920 --> 0:19:36.080
<v Speaker 7>I really love is called a switching mote. So a

0:19:36.160 --> 0:19:42.520
<v Speaker 7>switching mode is so how hot. So example, let's think

0:19:42.520 --> 0:19:44.960
<v Speaker 7>about this business called let's just think about Apple.

0:19:45.040 --> 0:19:48.200
<v Speaker 4>Let's just keep it simple. So most people who.

0:19:48.000 --> 0:19:53.600
<v Speaker 7>Have iPhones, they also have MacBook pros, or they'll have

0:19:53.720 --> 0:19:57.880
<v Speaker 7>an Apple Watch, or they're in that Apple ecosystem. Right,

0:19:59.119 --> 0:20:02.400
<v Speaker 7>the chances of me he's switching from Apple to Android

0:20:03.200 --> 0:20:07.320
<v Speaker 7>or any other type of phone, it's slimming none. Because

0:20:07.400 --> 0:20:10.959
<v Speaker 7>now I gotta switch all my information off the Apple

0:20:11.000 --> 0:20:15.520
<v Speaker 7>cloud to somebody else's cloud. That's a switching mode. Or

0:20:15.640 --> 0:20:19.200
<v Speaker 7>in business, a lot of businesses will do this. So

0:20:19.320 --> 0:20:24.639
<v Speaker 7>let's say cybersecurity. Right, So let's say a business has

0:20:24.760 --> 0:20:28.600
<v Speaker 7>all of their I'm using this cyber security business to

0:20:28.640 --> 0:20:32.560
<v Speaker 7>protect all of my brands. It's extremely hard for me

0:20:32.640 --> 0:20:36.480
<v Speaker 7>to switch from this cybersecurity company to another cyber security

0:20:36.560 --> 0:20:39.960
<v Speaker 7>company because all of my information is stored here. It

0:20:40.359 --> 0:20:43.800
<v Speaker 7>becomes now, it becomes a hassle, whereas I can just

0:20:43.880 --> 0:20:46.160
<v Speaker 7>work let's work this out to see what the problem

0:20:46.280 --> 0:20:49.960
<v Speaker 7>is and fix it. So switching modes are extremely great

0:20:50.240 --> 0:20:52.399
<v Speaker 7>because nobody likes to switch.

0:20:52.640 --> 0:20:56.120
<v Speaker 4>People love conveniences. Businesses are the same way.

0:20:56.400 --> 0:20:57.760
<v Speaker 7>I don't have to go through all Now I gotta

0:20:57.760 --> 0:21:00.960
<v Speaker 7>shut business down, I gotta lose money, or I gotta

0:21:01.040 --> 0:21:04.800
<v Speaker 7>be I gotta open my business now becomes vulnerable to

0:21:05.119 --> 0:21:08.359
<v Speaker 7>something like cybersecurity is serious, which is why I love cybersecurity.

0:21:08.800 --> 0:21:08.960
<v Speaker 4>Right.

0:21:09.040 --> 0:21:12.520
<v Speaker 7>So any brand that it becomes a hassle for another brand,

0:21:12.560 --> 0:21:15.040
<v Speaker 7>for the business, for its customers of service to leave

0:21:15.080 --> 0:21:18.000
<v Speaker 7>that brand to go to another brand, that's a switching mode.

0:21:18.320 --> 0:21:21.000
<v Speaker 2>So let me ask you this as far as like

0:21:21.240 --> 0:21:23.920
<v Speaker 2>another thing that we haven't spoken about before. You're real

0:21:23.960 --> 0:21:27.360
<v Speaker 2>big on like people hear like growth stocks, right, and

0:21:28.440 --> 0:21:30.560
<v Speaker 2>but what does that mean? Like what is a growth stock?

0:21:30.680 --> 0:21:34.280
<v Speaker 2>Because for an average person, they're thinking like, I'm only

0:21:34.320 --> 0:21:39.479
<v Speaker 2>buying the stock, so you grow think like I'm not

0:21:39.560 --> 0:21:44.680
<v Speaker 2>buying a non growth stock or a dead stagnant stock.

0:21:44.800 --> 0:21:46.200
<v Speaker 6>So what's a growth stock?

0:21:46.440 --> 0:21:46.800
<v Speaker 3>All right?

0:21:46.920 --> 0:21:48.119
<v Speaker 4>So this is this is dope.

0:21:48.200 --> 0:21:51.000
<v Speaker 7>Like, So a while back, what I did was I

0:21:51.040 --> 0:21:53.800
<v Speaker 7>had broke down stocks the way I break them down.

0:21:53.880 --> 0:21:58.080
<v Speaker 7>So I put stocks in three different situations. Right is

0:21:59.200 --> 0:22:06.000
<v Speaker 7>young bucks, og, gangsters, and ogs. Right, So it's three

0:22:06.000 --> 0:22:10.639
<v Speaker 7>different categories. So young bucks I used in comparison, I

0:22:10.720 --> 0:22:15.119
<v Speaker 7>use somebody like little Baby, right, So somebody who he

0:22:15.200 --> 0:22:18.880
<v Speaker 7>has a huge upside the potential. He just started his career, right,

0:22:18.960 --> 0:22:23.680
<v Speaker 7>so his upside is extremely good. Right, But what comes

0:22:23.680 --> 0:22:26.440
<v Speaker 7>with that, Because he's young, he's still liable to get

0:22:26.560 --> 0:22:30.640
<v Speaker 7>make some mistakes along the way that may jeopardize his career. Right,

0:22:30.680 --> 0:22:35.520
<v Speaker 7>but the upside is amazing, Like you see it. You

0:22:35.560 --> 0:22:36.400
<v Speaker 7>see he's a star.

0:22:37.040 --> 0:22:37.280
<v Speaker 4>Right.

0:22:37.359 --> 0:22:40.640
<v Speaker 7>That's a growth stock, right, that's somebody with a lot

0:22:40.680 --> 0:22:43.879
<v Speaker 7>of potential. And what happens is growth stocks tend to

0:22:44.080 --> 0:22:48.560
<v Speaker 7>outperform the market for numerous amount of years. But the

0:22:48.640 --> 0:22:53.199
<v Speaker 7>thing about them is they are extremely volatile because the

0:22:53.320 --> 0:22:57.360
<v Speaker 7>company will make mistakes and a lot of times they

0:22:57.440 --> 0:23:00.480
<v Speaker 7>aren't necessarily profitable in the beginning.

0:23:01.400 --> 0:23:01.600
<v Speaker 4>Right.

0:23:01.680 --> 0:23:05.320
<v Speaker 7>So now what happens is the company you gotta ask

0:23:05.320 --> 0:23:10.119
<v Speaker 7>yourself risk tolerance comes into play, like can I deal

0:23:10.200 --> 0:23:14.119
<v Speaker 7>with the downsides of this relationship with this stock?

0:23:15.280 --> 0:23:15.480
<v Speaker 6>Right?

0:23:15.640 --> 0:23:18.240
<v Speaker 4>And so then we have your gangsters.

0:23:18.320 --> 0:23:21.120
<v Speaker 7>Right, So your gangsters is somebody who probably who've been

0:23:21.160 --> 0:23:24.200
<v Speaker 7>around for a minute. They're a little more mature, right,

0:23:24.520 --> 0:23:28.560
<v Speaker 7>been in but they'll still they'll still you'll see them

0:23:28.600 --> 0:23:30.320
<v Speaker 7>in the news if something pop off, you know what

0:23:30.359 --> 0:23:33.760
<v Speaker 7>I'm saying, Like something can happen, right, And then you

0:23:33.880 --> 0:23:35.000
<v Speaker 7>have your ogs.

0:23:35.080 --> 0:23:35.800
<v Speaker 3>And that's like your.

0:23:35.760 --> 0:23:39.359
<v Speaker 7>Johnson and Johnson's they've been around for you know, they consistent.

0:23:39.480 --> 0:23:41.040
<v Speaker 6>Then going nowhere they.

0:23:41.080 --> 0:23:43.119
<v Speaker 7>Hear so like somebody like Netflix will kind of be

0:23:43.160 --> 0:23:43.760
<v Speaker 7>like a gangster.

0:23:44.080 --> 0:23:44.720
<v Speaker 4>You know what I'm saying.

0:23:44.760 --> 0:23:48.120
<v Speaker 7>They still kind of volatile, but you still see the upside.

0:23:48.119 --> 0:23:50.959
<v Speaker 7>They still have growth in them. But any given day

0:23:51.000 --> 0:23:53.639
<v Speaker 7>you can get up and they down two you know

0:23:53.680 --> 0:23:55.320
<v Speaker 7>what I'm saying. Whereas a growth start, you get up

0:23:55.320 --> 0:23:57.919
<v Speaker 7>to date, it's up, tomorrow's down ten percent.

0:23:57.920 --> 0:24:00.119
<v Speaker 4>You're like, god, damn, you know what I'm saying. What

0:24:00.240 --> 0:24:01.920
<v Speaker 4>happened right here? Oh? Yeah, you know they shot a

0:24:01.960 --> 0:24:07.800
<v Speaker 4>club up like you know, like on TMZ right now.

0:24:08.600 --> 0:24:10.720
<v Speaker 3>So what so that's a grosso What about a value stock?

0:24:10.920 --> 0:24:13.360
<v Speaker 7>So a value stock will lot fall under like your

0:24:13.359 --> 0:24:18.480
<v Speaker 7>OG stocks, right, somebody like Calipillar, somebody like Johnson and Johnson,

0:24:18.600 --> 0:24:21.920
<v Speaker 7>walg Yeah it's OG so but it has a ton

0:24:22.000 --> 0:24:24.720
<v Speaker 7>of value, right, The value is there. But also value

0:24:24.720 --> 0:24:28.600
<v Speaker 7>stocks tend to not have growth and they're trading less

0:24:28.640 --> 0:24:31.160
<v Speaker 7>than what the market says they should be trading at,

0:24:31.400 --> 0:24:32.520
<v Speaker 7>you know what I'm saying, So then it will be

0:24:32.560 --> 0:24:35.040
<v Speaker 7>an undervalue stock. But value stocks are stocks that have

0:24:35.440 --> 0:24:39.359
<v Speaker 7>consistently performed well, provided value to the marketplace, and we

0:24:39.760 --> 0:24:41.280
<v Speaker 7>just know what they're about. You know what I'm saying,

0:24:41.320 --> 0:24:43.480
<v Speaker 7>And so it make it easy so people don't get

0:24:43.520 --> 0:24:44.680
<v Speaker 7>lost in the sauce.

0:24:44.400 --> 0:24:45.240
<v Speaker 3>And confuse them.

0:24:45.480 --> 0:24:47.760
<v Speaker 7>Think about your ogs, like think about stocks that have

0:24:47.840 --> 0:24:49.440
<v Speaker 7>been around since you was a kid.

0:24:49.720 --> 0:24:52.879
<v Speaker 2>So so like so, like a growth stock is something

0:24:52.920 --> 0:24:57.600
<v Speaker 2>that has tremendous upside, but it's also extremely Like a

0:24:57.640 --> 0:24:59.439
<v Speaker 2>young rapper that's just getting money for the first time.

0:24:59.520 --> 0:25:01.119
<v Speaker 4>Yeah, he gonna he gonna mess up something.

0:25:01.160 --> 0:25:05.520
<v Speaker 2>And then what's the second one? The gangster that's just

0:25:05.560 --> 0:25:09.080
<v Speaker 2>like you've been around long enough when you know the ropes,

0:25:09.119 --> 0:25:10.800
<v Speaker 2>but you still like you.

0:25:10.840 --> 0:25:11.919
<v Speaker 4>Still can make a mistake.

0:25:12.000 --> 0:25:17.680
<v Speaker 2>Like a French Montana French he safe man, I would say,

0:25:18.359 --> 0:25:20.960
<v Speaker 2>I was, I was, So you.

0:25:21.000 --> 0:25:23.040
<v Speaker 7>Get so now you got to ask yourself, like, so

0:25:23.760 --> 0:25:26.159
<v Speaker 7>Jez would you could consider Jesus So he would be

0:25:26.200 --> 0:25:28.200
<v Speaker 7>like in the middle of you know, and I do

0:25:28.200 --> 0:25:29.680
<v Speaker 7>won't really get into this cause like.

0:25:31.880 --> 0:25:34.000
<v Speaker 8>You said that, yeah.

0:25:33.800 --> 0:25:35.560
<v Speaker 7>But like so for me, like I would look at

0:25:35.560 --> 0:25:37.320
<v Speaker 7>somebody like when I made the post, that's what it

0:25:37.480 --> 0:25:38.600
<v Speaker 7>was like, somebody.

0:25:38.280 --> 0:25:39.560
<v Speaker 4>Like a fab or Jez.

0:25:40.160 --> 0:25:42.280
<v Speaker 7>For me, that's like yeah, and then so Jay z

0:25:42.440 --> 0:25:45.719
<v Speaker 7>is he not even get a parking ticket. And now

0:25:45.840 --> 0:25:47.760
<v Speaker 7>at this point, like you know, his career like like

0:25:47.800 --> 0:25:51.080
<v Speaker 7>a fat Joel, a jezn.

0:25:51.920 --> 0:25:54.320
<v Speaker 4>That's your ogs, like they solid, they strong.

0:25:54.760 --> 0:25:56.480
<v Speaker 7>You know, if they dropped something, you're gonna cop that

0:25:56.520 --> 0:25:59.160
<v Speaker 7>on the strength because like you you remember, it's gonna

0:25:59.200 --> 0:26:00.840
<v Speaker 7>take you back, you know what I'm saying.

0:26:00.880 --> 0:26:02.680
<v Speaker 4>And so the gangsters would be.

0:26:02.640 --> 0:26:05.720
<v Speaker 3>Like your gezy, you fast. You know what I'm saying,

0:26:05.760 --> 0:26:06.240
<v Speaker 3>your kiss.

0:26:08.760 --> 0:26:12.800
<v Speaker 5>So we got Ogi's we got and got young. Where

0:26:12.840 --> 0:26:13.880
<v Speaker 5>you putting Tesla in that?

0:26:14.960 --> 0:26:15.520
<v Speaker 4>Oh man?

0:26:15.720 --> 0:26:19.280
<v Speaker 7>So for me, honestly, it's a young buck because even

0:26:19.320 --> 0:26:22.120
<v Speaker 7>though they've been around, the now become established and they're

0:26:22.160 --> 0:26:26.040
<v Speaker 7>extremely volatile, right and they like eli running it like

0:26:26.080 --> 0:26:26.560
<v Speaker 7>sugar night.

0:26:26.640 --> 0:26:26.800
<v Speaker 4>Man.

0:26:27.800 --> 0:26:29.480
<v Speaker 7>I do what I want. I say what I want. Man,

0:26:29.520 --> 0:26:30.679
<v Speaker 7>I don't care if you don't like it or not.

0:26:30.880 --> 0:26:32.320
<v Speaker 7>I don't even care the shall holders like what I

0:26:32.400 --> 0:26:34.080
<v Speaker 7>say or not. Look, this is we're doing the Probably

0:26:34.119 --> 0:26:36.800
<v Speaker 7>the stock too high. Next day that the stock go down,

0:26:36.840 --> 0:26:39.119
<v Speaker 7>you make up like yo, I was up eight percent,

0:26:39.840 --> 0:26:41.000
<v Speaker 7>I woke up two hundred.

0:26:41.000 --> 0:26:41.520
<v Speaker 4>You know what I'm saying.

0:26:41.560 --> 0:26:43.600
<v Speaker 7>So Tesla is definitely a young buck, you know what

0:26:43.640 --> 0:26:45.960
<v Speaker 7>I'm saying, but it's one of those young bucks like

0:26:46.000 --> 0:26:48.640
<v Speaker 7>little baby, Like every time I drop it's.

0:26:48.560 --> 0:26:51.920
<v Speaker 4>A banger, you know what I'm saying?

0:26:52.720 --> 0:26:54.440
<v Speaker 6>What about what about? All right?

0:26:54.640 --> 0:26:56.600
<v Speaker 2>So, like what's an example of like a good growth

0:26:56.640 --> 0:26:57.720
<v Speaker 2>stock out there right now?

0:26:58.280 --> 0:26:59.000
<v Speaker 6>In your opinion?

0:27:01.560 --> 0:27:04.280
<v Speaker 7>Tesla was one where we talked about that already. Right,

0:27:04.600 --> 0:27:05.359
<v Speaker 7>I'm gonna be real.

0:27:06.440 --> 0:27:09.679
<v Speaker 6>I like beyond me, beyond me, like beyond me? Like

0:27:09.680 --> 0:27:10.760
<v Speaker 6>why you like beyond me?

0:27:10.960 --> 0:27:11.080
<v Speaker 4>So?

0:27:11.160 --> 0:27:13.080
<v Speaker 7>Because you so? One of the things it's good to

0:27:13.119 --> 0:27:18.879
<v Speaker 7>look at is actually where where where the world is heading?

0:27:19.720 --> 0:27:23.240
<v Speaker 4>Right? So we and even though beyond me isn't a.

0:27:23.240 --> 0:27:26.560
<v Speaker 7>Healthy move, Like, let's just be real, a lot of

0:27:26.600 --> 0:27:29.240
<v Speaker 7>people don't care about their hell, bro when.

0:27:29.119 --> 0:27:32.560
<v Speaker 2>You say it's not healthy because it's process.

0:27:32.960 --> 0:27:37.160
<v Speaker 7>But for somebody who is saying will be like, nah,

0:27:37.160 --> 0:27:38.760
<v Speaker 7>I'm not doing that, you know what I'm saying. But

0:27:38.800 --> 0:27:41.240
<v Speaker 7>somebody who like, yo, I'm trying to eat better. I

0:27:41.240 --> 0:27:43.640
<v Speaker 7>don't want eat meat no more. The first thing they're

0:27:43.640 --> 0:27:46.960
<v Speaker 7>gonna do beyond me, you know what I'm saying. And

0:27:47.000 --> 0:27:51.800
<v Speaker 7>then when you look at market share, like it's in

0:27:51.840 --> 0:27:55.240
<v Speaker 7>the fast food industry, it's partnering with fast foods, it's

0:27:55.320 --> 0:27:59.840
<v Speaker 7>partnering with your Trader Jeels. It's partnering with you know, overseas,

0:28:00.080 --> 0:28:02.880
<v Speaker 7>it's partnering with your dunkin Donuts, you know what I'm saying.

0:28:02.960 --> 0:28:06.000
<v Speaker 7>So like he moving like he out there he is,

0:28:06.119 --> 0:28:09.640
<v Speaker 7>Like it's like mix tape wheezy. Like I mean, I'm

0:28:09.680 --> 0:28:12.840
<v Speaker 7>everywhere you go. I'm there, I'm dropping a mixtape here

0:28:13.080 --> 0:28:14.720
<v Speaker 7>like that. I'm dripping a mixtape there.

0:28:14.880 --> 0:28:15.320
<v Speaker 4>I like that.

0:28:15.440 --> 0:28:16.040
<v Speaker 8>You know what I mean.

0:28:16.760 --> 0:28:18.880
<v Speaker 7>It's mixtaate wheezy. You know what I'm saying, Like I'm

0:28:19.440 --> 0:28:21.399
<v Speaker 7>putting it on my back. I'm gonna lead the way,

0:28:21.640 --> 0:28:23.119
<v Speaker 7>you know what I'm saying. And so you know, other

0:28:23.160 --> 0:28:26.320
<v Speaker 7>people gonna come, but I'm out here. But at the

0:28:26.359 --> 0:28:30.240
<v Speaker 7>same time, the minute somebody like McDonald's said, I was

0:28:30.280 --> 0:28:31.280
<v Speaker 7>just I was I was going.

0:28:31.359 --> 0:28:32.840
<v Speaker 3>The minute somebody like mcdonald' say.

0:28:32.760 --> 0:28:35.280
<v Speaker 4>No, I ain't. Ain't I'm not bumping that over here.

0:28:35.320 --> 0:28:36.000
<v Speaker 3>We don't. We don't.

0:28:36.280 --> 0:28:38.080
<v Speaker 5>And that's crazy that you said because in my mom

0:28:38.120 --> 0:28:40.720
<v Speaker 5>I'm thinking, like I'm happy you said beyond me because

0:28:40.720 --> 0:28:41.760
<v Speaker 5>I was invested in beyond me.

0:28:41.800 --> 0:28:44.240
<v Speaker 3>But when you hear somebody like McDonald's obviously.

0:28:44.000 --> 0:28:46.880
<v Speaker 5>A big real estate player, obviously McDonald's when they said

0:28:46.880 --> 0:28:48.640
<v Speaker 5>we don't need the middle man. We're not partnering with

0:28:48.640 --> 0:28:50.920
<v Speaker 5>like an impossible like Berry King did. What do you

0:28:50.960 --> 0:28:52.920
<v Speaker 5>think it does to the business of beyond me?

0:28:53.360 --> 0:28:56.480
<v Speaker 7>So what I love about them was this again your

0:28:56.560 --> 0:29:00.600
<v Speaker 7>mix taate wheezy. Right, it's a good song, but I'm

0:29:00.640 --> 0:29:03.400
<v Speaker 7>better on the hook. I'm better in it. So when

0:29:03.480 --> 0:29:07.200
<v Speaker 7>McDonald said that, what they said, hold up, don't forget

0:29:07.200 --> 0:29:11.040
<v Speaker 7>who you came to for that verse. Don't forget who

0:29:11.040 --> 0:29:14.640
<v Speaker 7>you came to. And so McDonald said, Okay, you're right.

0:29:14.760 --> 0:29:20.000
<v Speaker 7>We did partner with them and making the mech veggie

0:29:20.080 --> 0:29:22.400
<v Speaker 7>or whatever the mech plant like we did.

0:29:22.720 --> 0:29:24.880
<v Speaker 4>We did go to beyond me and get the formula.

0:29:25.520 --> 0:29:26.240
<v Speaker 4>You know what I'm saying.

0:29:26.320 --> 0:29:30.479
<v Speaker 7>So again I'm leading the industry like this me so

0:29:30.840 --> 0:29:32.720
<v Speaker 7>that to me, that's a great growth stock.

0:29:34.280 --> 0:29:36.520
<v Speaker 4>I'm not telling people to buy it here because I

0:29:36.560 --> 0:29:38.360
<v Speaker 4>got it at like sixty six dollars.

0:29:38.920 --> 0:29:39.840
<v Speaker 6>It's just an example.

0:29:40.000 --> 0:29:42.680
<v Speaker 7>It's just an example of the nature of a growth.

0:29:42.720 --> 0:29:44.400
<v Speaker 7>Like you can get up any given day and beyond

0:29:44.400 --> 0:29:45.520
<v Speaker 7>me to be down ten percent.

0:29:46.680 --> 0:29:46.959
<v Speaker 3>You're not.

0:29:47.000 --> 0:29:48.760
<v Speaker 4>But you can also get up any given day and

0:29:48.760 --> 0:29:50.080
<v Speaker 4>it run for three weeks straight.

0:29:51.080 --> 0:29:51.800
<v Speaker 8>You know what I'm saying.

0:29:53.480 --> 0:29:55.560
<v Speaker 7>You know what I'm saying, Like, so that's the that's

0:29:55.600 --> 0:29:57.840
<v Speaker 7>the example of that's a young buck, that's a growth stop.

0:29:57.920 --> 0:30:00.760
<v Speaker 2>Let me ask you this for common peo that might be,

0:30:01.640 --> 0:30:04.160
<v Speaker 2>you know, struggling just to just to have enough money

0:30:04.160 --> 0:30:07.400
<v Speaker 2>to pay bills, right, what would be your suggestion to

0:30:07.480 --> 0:30:10.440
<v Speaker 2>kind of what's a good starter way for them to

0:30:10.520 --> 0:30:11.920
<v Speaker 2>actually start investing?

0:30:13.640 --> 0:30:14.479
<v Speaker 6>Like what's your opinion?

0:30:14.480 --> 0:30:16.120
<v Speaker 2>Because I know, like you know what I'm saying, a

0:30:16.120 --> 0:30:18.200
<v Speaker 2>lot of times people might that might be a hurdle

0:30:18.280 --> 0:30:20.520
<v Speaker 2>for them to be like, well, I don't really have

0:30:20.680 --> 0:30:23.719
<v Speaker 2>enough discretionary income to put money into the stock market.

0:30:24.080 --> 0:30:25.840
<v Speaker 6>What's your what's your what's your thoughts for them?

0:30:26.120 --> 0:30:28.600
<v Speaker 7>So let me make sure I understand what you're saying, right,

0:30:28.640 --> 0:30:31.000
<v Speaker 7>Like you're saying they don't have enough money to invest,

0:30:31.120 --> 0:30:31.920
<v Speaker 7>how should they start?

0:30:32.800 --> 0:30:34.720
<v Speaker 2>I'm gonna make sure I can answer it right no,

0:30:34.840 --> 0:30:36.840
<v Speaker 2>like as far as like if they if they're struggling

0:30:36.880 --> 0:30:40.080
<v Speaker 2>to invest, Like, what's some like what would be like

0:30:40.280 --> 0:30:42.200
<v Speaker 2>because for me, I'm looking at like even like an

0:30:42.640 --> 0:30:45.400
<v Speaker 2>HSA right where people a lot of times might not

0:30:45.440 --> 0:30:47.440
<v Speaker 2>be familiar with that, Like that's the way to actually

0:30:47.480 --> 0:30:50.440
<v Speaker 2>start investing via your health insurance. It's like a backdoor

0:30:50.480 --> 0:30:53.200
<v Speaker 2>investment way. People don't know what h HSA is. It's

0:30:53.240 --> 0:30:55.760
<v Speaker 2>a health savings account and break that down. Yeah, so

0:30:56.120 --> 0:30:57.880
<v Speaker 2>like the health savings account is so like you have

0:30:57.920 --> 0:31:00.520
<v Speaker 2>like a high deductible health plan, right, which is like

0:31:00.640 --> 0:31:02.920
<v Speaker 2>very propulable young Like I have a high deductible health plan.

0:31:03.040 --> 0:31:05.120
<v Speaker 2>And it's like usually when you don't go to the

0:31:05.160 --> 0:31:09.600
<v Speaker 2>doctor a lot, your premium, Like why would you pay

0:31:09.600 --> 0:31:12.400
<v Speaker 2>for the regular health plan like an HMO or PPO

0:31:12.760 --> 0:31:14.880
<v Speaker 2>when you can get a high deductible health plan. But

0:31:14.960 --> 0:31:16.560
<v Speaker 2>the thing with the high deductible health plan is that

0:31:16.640 --> 0:31:19.760
<v Speaker 2>it's a higher deductible, right, So it's like let's say

0:31:19.800 --> 0:31:23.400
<v Speaker 2>you got the PPO, the premium might be like, let's

0:31:23.400 --> 0:31:26.720
<v Speaker 2>say four hundred dollars a month, but with the high

0:31:26.720 --> 0:31:30.560
<v Speaker 2>deductible plan, it's two hundred dollars a month. But your

0:31:30.600 --> 0:31:34.480
<v Speaker 2>deductible is a lot higher. Deductible might be two times

0:31:34.520 --> 0:31:37.360
<v Speaker 2>higher than the PPO. So if you if you go

0:31:37.480 --> 0:31:39.760
<v Speaker 2>too many times you get caught out there, you got

0:31:39.760 --> 0:31:41.120
<v Speaker 2>to pay more money out of pocket.

0:31:41.600 --> 0:31:43.080
<v Speaker 6>So it's a calculated risk.

0:31:43.600 --> 0:31:45.440
<v Speaker 2>But a lot of young The reason why I mentioned

0:31:45.520 --> 0:31:47.440
<v Speaker 2>is that a lot of young people and a lot

0:31:47.480 --> 0:31:50.120
<v Speaker 2>of people with every dollar's count. They might either they

0:31:50.120 --> 0:31:52.320
<v Speaker 2>don't go to the doctor that much, or they're just

0:31:52.360 --> 0:31:55.400
<v Speaker 2>making financial decisions where it's like, you know what, I

0:31:55.440 --> 0:31:57.800
<v Speaker 2>really can't afford the PPO, so I'm gonna do the

0:31:57.880 --> 0:32:01.400
<v Speaker 2>high deductible or whatever. So one of the good things

0:32:01.400 --> 0:32:03.360
<v Speaker 2>with the high deductible plan is that allows you with

0:32:03.440 --> 0:32:06.640
<v Speaker 2>the health savings account. So with the Health Savings Account,

0:32:06.680 --> 0:32:10.320
<v Speaker 2>it's pretty much like a savings that you're putting money

0:32:10.400 --> 0:32:13.440
<v Speaker 2>into to pay for that deductible or any out of

0:32:13.480 --> 0:32:16.120
<v Speaker 2>pocket expenses that you may have. Right, But the good

0:32:16.160 --> 0:32:18.400
<v Speaker 2>thing is that the money comes up out of your

0:32:18.440 --> 0:32:20.880
<v Speaker 2>paycheck before you actually get paid. It's like the four

0:32:20.960 --> 0:32:23.120
<v Speaker 2>one K Okay, you know what I'm saying. So it

0:32:23.240 --> 0:32:26.000
<v Speaker 2>actually lowers your taxable income because it's the thing with

0:32:26.040 --> 0:32:28.240
<v Speaker 2>the four to one K is that when you put

0:32:28.280 --> 0:32:30.000
<v Speaker 2>money into a four on one case, what's called pre

0:32:30.080 --> 0:32:30.520
<v Speaker 2>tax dollars.

0:32:30.560 --> 0:32:30.960
<v Speaker 3>You know that.

0:32:31.360 --> 0:32:33.080
<v Speaker 2>So it's like, if you're making one hundred thousand and

0:32:33.080 --> 0:32:35.080
<v Speaker 2>you put ten thousand in, now you're taxed on ninety

0:32:35.120 --> 0:32:37.800
<v Speaker 2>thousand because it lowers your taxable income by ten thousand dollars.

0:32:38.160 --> 0:32:40.840
<v Speaker 2>So now with the HSA, like the most you can

0:32:40.880 --> 0:32:43.080
<v Speaker 2>put in is thirty five hundred, thirty five to fifty

0:32:43.080 --> 0:32:45.680
<v Speaker 2>for a single person in seventy one hundred for a family.

0:32:45.880 --> 0:32:48.800
<v Speaker 2>So let's say you put three thousand dollars into the HSA,

0:32:48.920 --> 0:32:51.560
<v Speaker 2>So now that you're making, you know, sixty thousand dollars,

0:32:51.560 --> 0:32:54.400
<v Speaker 2>and now it lowers your taxable income, so you're not

0:32:54.440 --> 0:32:55.600
<v Speaker 2>paying any taxes on it.

0:32:55.680 --> 0:32:55.920
<v Speaker 6>Right.

0:32:56.160 --> 0:32:58.120
<v Speaker 2>But the cool thing about it is that it can

0:32:58.200 --> 0:33:00.760
<v Speaker 2>actually be invested, like how four one k, So you

0:33:00.800 --> 0:33:03.200
<v Speaker 2>can put it in like different type of investments, stock

0:33:03.240 --> 0:33:06.960
<v Speaker 2>market investments, mutual fund stuff like that, and now the

0:33:07.040 --> 0:33:09.040
<v Speaker 2>money grows. So now let's say you put like three

0:33:09.040 --> 0:33:10.840
<v Speaker 2>thousand dollars in for one year, right, but you got

0:33:10.840 --> 0:33:12.080
<v Speaker 2>to go to the eye doctor and you gotta get

0:33:12.080 --> 0:33:15.120
<v Speaker 2>glasses or whatever, any type of medical expense. Instead of

0:33:15.360 --> 0:33:18.080
<v Speaker 2>not having money to pay for it, you've been saving

0:33:18.160 --> 0:33:20.160
<v Speaker 2>and you just use your HSA and they give you

0:33:20.200 --> 0:33:22.920
<v Speaker 2>like a debit card and all that. But if you

0:33:22.960 --> 0:33:25.280
<v Speaker 2>don't go to the doctor, because it's a calculated risk, right,

0:33:25.360 --> 0:33:27.280
<v Speaker 2>that's the whole point of having a high deductible plan,

0:33:27.320 --> 0:33:29.080
<v Speaker 2>You're not going to the doctor. So if you don't

0:33:29.120 --> 0:33:31.560
<v Speaker 2>go to the doctor, what happens is that that money

0:33:31.640 --> 0:33:34.720
<v Speaker 2>rolls over and to the next year. So now next

0:33:34.760 --> 0:33:37.400
<v Speaker 2>year you start with three thousand, right, So what happens

0:33:37.440 --> 0:33:39.840
<v Speaker 2>is that the money grows, and it's kind of similar

0:33:39.880 --> 0:33:43.120
<v Speaker 2>to an IRA because at the age sixty five, you

0:33:43.160 --> 0:33:45.560
<v Speaker 2>can actually take that money out without paying a penalty.

0:33:45.760 --> 0:33:48.040
<v Speaker 2>You take it out before you get a penalty. Now

0:33:48.080 --> 0:33:50.440
<v Speaker 2>it's sixty five, you can take the money out. You

0:33:50.520 --> 0:33:52.680
<v Speaker 2>just pay state and federal tax. You don't pay a

0:33:52.720 --> 0:33:55.160
<v Speaker 2>ten percent penalty or twenty percent penalty for taking the

0:33:55.200 --> 0:33:58.640
<v Speaker 2>money out early. So that's kind of like a backdoor way,

0:33:58.760 --> 0:34:01.600
<v Speaker 2>like for me opinion, where it's like, I gotta save

0:34:01.640 --> 0:34:02.800
<v Speaker 2>money for my health insurance.

0:34:03.200 --> 0:34:05.760
<v Speaker 6>So if my budget was let's say four.

0:34:05.720 --> 0:34:08.319
<v Speaker 2>Hundred dollars a month, right, I'd rather do the high

0:34:08.360 --> 0:34:11.800
<v Speaker 2>deductible plan, put two hundred towards the premium two hundred

0:34:11.880 --> 0:34:14.080
<v Speaker 2>towards the HSA. If I got to use it for that,

0:34:14.360 --> 0:34:17.279
<v Speaker 2>I'm gonna use it anyway. But if not, now that's

0:34:17.280 --> 0:34:19.360
<v Speaker 2>going to be like an investment, you know what I'm saying.

0:34:19.719 --> 0:34:22.040
<v Speaker 2>A couple thousand dollars over the course of time adds up.

0:34:22.040 --> 0:34:24.680
<v Speaker 2>You might have one hundred thousand dollars in thirty years.

0:34:24.680 --> 0:34:26.120
<v Speaker 5>I'm from the world where it was like, yo, if

0:34:26.160 --> 0:34:29.279
<v Speaker 5>you didn't use your benefits this year, they don't roll

0:34:29.280 --> 0:34:29.799
<v Speaker 5>over the next.

0:34:30.040 --> 0:34:32.440
<v Speaker 3>It's like you better use it by the eleventh of November.

0:34:32.960 --> 0:34:34.840
<v Speaker 2>But the thing about it is it's so many different

0:34:34.880 --> 0:34:37.680
<v Speaker 2>things as far as like even with the four one K,

0:34:37.760 --> 0:34:39.400
<v Speaker 2>people don't know that you got a raw four one

0:34:39.440 --> 0:34:41.160
<v Speaker 2>K option you might have that, like and it's like

0:34:41.600 --> 0:34:43.440
<v Speaker 2>you don't even know a lot of times what's offered

0:34:43.480 --> 0:34:45.799
<v Speaker 2>at your job, right, And this is why education is

0:34:45.840 --> 0:34:46.400
<v Speaker 2>so important.

0:34:46.440 --> 0:34:47.160
<v Speaker 6>Like you know what I'm saying.

0:34:47.160 --> 0:34:50.920
<v Speaker 2>It's like little stuff like that might change the direction

0:34:51.040 --> 0:34:53.560
<v Speaker 2>of your bro you know what I'm saying.

0:34:53.920 --> 0:34:56.919
<v Speaker 5>You get that email like in this world, in this world, yeah,

0:34:56.920 --> 0:34:58.719
<v Speaker 5>you're not familiar with this has been a while, right,

0:34:58.760 --> 0:35:00.520
<v Speaker 5>So in this one, like they give you a like, Yo,

0:35:00.600 --> 0:35:03.320
<v Speaker 5>this financial advisor is coming on December fifteenth if you

0:35:03.360 --> 0:35:05.520
<v Speaker 5>want a schedule appointment, And it'd be something like the

0:35:05.800 --> 0:35:08.719
<v Speaker 5>dude with ball headed with glasses and he talking to

0:35:08.800 --> 0:35:09.560
<v Speaker 5>you and you're like, Yo, what is.

0:35:09.560 --> 0:35:10.160
<v Speaker 3>He talking about?

0:35:10.160 --> 0:35:11.440
<v Speaker 5>You know what I'm saying, But like this type of

0:35:11.440 --> 0:35:13.680
<v Speaker 5>information is like yo, people just knew it.

0:35:14.160 --> 0:35:16.880
<v Speaker 2>Yeah man, But so yeah, so like for you, like

0:35:17.760 --> 0:35:19.960
<v Speaker 2>I want you to really hammer a home, like even

0:35:20.000 --> 0:35:22.120
<v Speaker 2>you could save even one hundred dollars more right, I

0:35:22.120 --> 0:35:24.080
<v Speaker 2>got you fifty dollars a month, gotcha.

0:35:24.360 --> 0:35:26.160
<v Speaker 7>Yeah, So let me say this first. Man, I say

0:35:26.200 --> 0:35:28.439
<v Speaker 7>this on Trapping Tuesday all the time, and I don't

0:35:28.440 --> 0:35:31.560
<v Speaker 7>know if people be thinking I'd be dead serious. Yo, Listen,

0:35:32.120 --> 0:35:37.600
<v Speaker 7>I'm not a fiduciary or financial advisor. Know that everything

0:35:37.640 --> 0:35:39.800
<v Speaker 7>I say is for entertainment purposes.

0:35:39.800 --> 0:35:40.799
<v Speaker 3>On well, you can take him.

0:35:40.880 --> 0:35:44.000
<v Speaker 7>If you can't mitigate the risk, you must seek out

0:35:44.160 --> 0:35:45.480
<v Speaker 7>financial advisory.

0:35:46.120 --> 0:35:47.879
<v Speaker 4>I'm not one, but I know one by the name

0:35:47.920 --> 0:35:53.520
<v Speaker 4>of Rasha podcast. He can take you to glory. I

0:35:53.520 --> 0:35:54.360
<v Speaker 4>can just take you to this.

0:35:55.840 --> 0:35:59.799
<v Speaker 7>Listen, this dude is so smart they sleep on I'd

0:35:59.800 --> 0:36:02.200
<v Speaker 7>say that every Tuesday, man, and people be laughing.

0:36:02.239 --> 0:36:03.520
<v Speaker 4>But this dude is brilliant.

0:36:03.560 --> 0:36:06.640
<v Speaker 7>Man, you he just broke that dumb he had me

0:36:06.760 --> 0:36:08.760
<v Speaker 7>like I just got Blue Cross.

0:36:12.239 --> 0:36:17.279
<v Speaker 4>I'm happy I got to call this guy when he

0:36:17.480 --> 0:36:21.200
<v Speaker 4>come with I got an idea, I'm saying. But that's

0:36:21.239 --> 0:36:22.239
<v Speaker 4>that's that's real talk.

0:36:22.320 --> 0:36:22.520
<v Speaker 6>Man.

0:36:22.600 --> 0:36:24.400
<v Speaker 7>So one of the things I like to do is

0:36:24.440 --> 0:36:26.680
<v Speaker 7>tell people to say, try to save ten percent whatever

0:36:26.680 --> 0:36:28.799
<v Speaker 7>they make, write whatever you make it. If you get

0:36:28.800 --> 0:36:31.239
<v Speaker 7>one hundred dollars a week, save ten percent. If you

0:36:31.280 --> 0:36:33.720
<v Speaker 7>get one hundred dollars every two weeks, save ten percent.

0:36:34.080 --> 0:36:37.080
<v Speaker 7>And so the easiest way to get in the market,

0:36:37.200 --> 0:36:40.200
<v Speaker 7>because we understand that the stock market does for you

0:36:41.440 --> 0:36:43.040
<v Speaker 7>way more than putting your money in the.

0:36:43.040 --> 0:36:43.759
<v Speaker 3>Bank to do for you.

0:36:44.160 --> 0:36:48.080
<v Speaker 7>Right, we already understand. We all have beat that drum forever, right,

0:36:48.200 --> 0:36:49.960
<v Speaker 7>And so one of the things you can do is

0:36:49.960 --> 0:36:53.480
<v Speaker 7>get into index funds on ets, right. And the reason

0:36:53.560 --> 0:36:56.279
<v Speaker 7>being is because so let's say you not, you're not

0:36:56.520 --> 0:36:59.600
<v Speaker 7>You're not comfortable enough to say, let me buy a Tesla.

0:37:00.400 --> 0:37:02.560
<v Speaker 7>I don't have enough to buy a Tesla right now.

0:37:03.440 --> 0:37:06.960
<v Speaker 7>I ain't my risk tolerance it's not there yet to

0:37:07.120 --> 0:37:10.600
<v Speaker 7>see beyond meat go down five ten percent and still

0:37:10.640 --> 0:37:11.040
<v Speaker 7>be there.

0:37:11.360 --> 0:37:11.480
<v Speaker 8>Right.

0:37:11.520 --> 0:37:13.960
<v Speaker 7>And most people don't even understand, you know. And it's

0:37:13.960 --> 0:37:15.799
<v Speaker 7>not because they don't know it because these haven't been

0:37:15.800 --> 0:37:18.239
<v Speaker 7>exposed to it yet. They don't know that if the

0:37:18.239 --> 0:37:20.399
<v Speaker 7>stock you bought it at thirty dollars and it goes

0:37:20.440 --> 0:37:22.680
<v Speaker 7>down to twenty eight, most people in nay, mine, I

0:37:22.719 --> 0:37:24.600
<v Speaker 7>lost some money, you know what I'm saying.

0:37:24.600 --> 0:37:25.520
<v Speaker 3>And that's not the case.

0:37:25.840 --> 0:37:28.239
<v Speaker 7>So one of the best things I would say for

0:37:28.280 --> 0:37:31.279
<v Speaker 7>people to do is buy index funds like ETS when

0:37:31.320 --> 0:37:34.080
<v Speaker 7>you first got in the game, ets for me ets

0:37:34.120 --> 0:37:36.239
<v Speaker 7>better than index funds, you know what I'm saying. And

0:37:36.280 --> 0:37:39.040
<v Speaker 7>it's simply because now you can get exposure to a

0:37:39.200 --> 0:37:42.360
<v Speaker 7>specific industry, right and I know an episode for the

0:37:42.400 --> 0:37:46.120
<v Speaker 7>full the Classic, we broke some now, but in the reup,

0:37:46.320 --> 0:37:50.440
<v Speaker 7>we're gonna reenter it. So it's an ETF. It's simple

0:37:50.480 --> 0:37:53.399
<v Speaker 7>where let's say I wanted to buy some marijuana stocks, right,

0:37:53.440 --> 0:37:56.160
<v Speaker 7>but I know that's kind of a volatile industry.

0:37:56.200 --> 0:37:57.360
<v Speaker 3>It's full of young bucks.

0:37:57.640 --> 0:37:59.320
<v Speaker 7>You know what I'm saying. It's full of young bucks.

0:37:59.360 --> 0:38:02.400
<v Speaker 7>So what happens is you can buy the marijuana ETF.

0:38:02.480 --> 0:38:05.200
<v Speaker 7>And now depending on which one you buy, whether it's Yolo,

0:38:05.320 --> 0:38:07.600
<v Speaker 7>whether it's MG, you know what I'm saying. Now you

0:38:07.680 --> 0:38:11.840
<v Speaker 7>have fifteen twenty marijuana stocks at one time, right, and

0:38:11.920 --> 0:38:14.000
<v Speaker 7>now if one or two of them down, or three

0:38:14.000 --> 0:38:17.520
<v Speaker 7>of them down, the whole industry, the whole ETF might

0:38:17.560 --> 0:38:20.319
<v Speaker 7>go down fifty cent, right, Whereas if you and.

0:38:20.360 --> 0:38:22.440
<v Speaker 8>That erners what's up?

0:38:22.520 --> 0:38:25.000
<v Speaker 5>You ever walk into a small business and everything just

0:38:25.120 --> 0:38:28.320
<v Speaker 5>works like the checkout is fast, the receipts are digital.

0:38:28.840 --> 0:38:31.799
<v Speaker 5>Tipping is a breeze and you're out the door before

0:38:31.840 --> 0:38:36.000
<v Speaker 5>the line even builds odds are they're using Square. We

0:38:36.160 --> 0:38:38.680
<v Speaker 5>love supporting businesses that run on Square because it just

0:38:38.719 --> 0:38:41.960
<v Speaker 5>feels seamless. Whether it's a local coffee shop, a vendor

0:38:42.000 --> 0:38:44.279
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0:38:44.320 --> 0:38:47.960
<v Speaker 5>merch partners, Square makes it easy for them to take payments,

0:38:48.200 --> 0:38:51.879
<v Speaker 5>manage inventory, and run their business with confidence, all from

0:38:52.000 --> 0:38:55.400
<v Speaker 5>one simple system. If you're a business owner or even

0:38:55.520 --> 0:38:59.040
<v Speaker 5>just thinking about launching something soon, Square is hands down

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<v Speaker 5>don't hesitate, Let Square handle the back end so you

0:39:24.920 --> 0:39:31.239
<v Speaker 5>can keep pushing your vision forward. This episode is brought

0:39:31.280 --> 0:39:33.160
<v Speaker 5>to you by P and C Bank. A lot of

0:39:33.200 --> 0:39:36.799
<v Speaker 5>people think podcasts about work are boring, and sure they

0:39:36.840 --> 0:39:40.719
<v Speaker 5>definitely can be, but understanding a professionals routine shows us

0:39:40.760 --> 0:39:45.279
<v Speaker 5>how they achieve their success little by little, day after day.

0:39:45.360 --> 0:39:47.879
<v Speaker 5>It's like banking with P and C Bank. It might

0:39:47.960 --> 0:39:50.840
<v Speaker 5>seem boring to save, plan and make calculated decisions with

0:39:50.920 --> 0:39:53.920
<v Speaker 5>your bank, but keeping your money boring is what helps

0:39:53.960 --> 0:39:57.040
<v Speaker 5>you live or more happily fulfilled life. P and C

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<v Speaker 5>Bank Brilliantly Boring since eighteen six, Brilliantly Boring since eighteen

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<v Speaker 5>sixty five is a service mark of the PNC Financial

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<v Speaker 5>Service Group, Inc. PNC Bank National Association Member FDIC.

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<v Speaker 10>With Robinhood, not only can you trade individual stocks and ETFs,

0:40:15.760 --> 0:40:19.640
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<v Speaker 10>Robert Hude Crypto is not FDIC insured SIPC protected investing

0:40:35.640 --> 0:40:38.080
<v Speaker 10>in VOSS risk including loss of principle securities. Trading is

0:40:38.080 --> 0:40:40.800
<v Speaker 10>offered through an account with robin Hood Financial LLC member SIPC,

0:40:41.040 --> 0:40:42.120
<v Speaker 10>a registered broker dealer.

0:40:42.360 --> 0:40:44.919
<v Speaker 7>One stock that went down any given morning, you week

0:40:45.000 --> 0:40:46.560
<v Speaker 7>up and you down eight dollars.

0:40:46.880 --> 0:40:47.600
<v Speaker 3>You know what I'm saying.

0:40:47.640 --> 0:40:51.759
<v Speaker 7>So, and also with indexes funds and ETOs, I'm not

0:40:51.840 --> 0:40:56.600
<v Speaker 7>a fan of dollar cost averaging because that allows me

0:40:56.680 --> 0:40:59.720
<v Speaker 7>to buy stocks over priced over time. But with index

0:40:59.760 --> 0:41:03.279
<v Speaker 7>funds in ETFs that are fifty dollars sixty dollars, you

0:41:03.320 --> 0:41:04.799
<v Speaker 7>can buy into those every time.

0:41:04.840 --> 0:41:07.279
<v Speaker 2>And dollar cost averaging for anybody is when you put

0:41:07.320 --> 0:41:10.480
<v Speaker 2>money in every single month, for every single period of time.

0:41:10.320 --> 0:41:11.120
<v Speaker 6>Every week or whatever.

0:41:11.200 --> 0:41:14.239
<v Speaker 7>Yeah, so if you're buying Apple, you will buy no

0:41:14.239 --> 0:41:15.319
<v Speaker 7>matter what the price is.

0:41:15.440 --> 0:41:16.319
<v Speaker 6>Every first of the month.

0:41:16.440 --> 0:41:19.040
<v Speaker 7>You buying Apple, no matter what the price is, you

0:41:19.160 --> 0:41:22.239
<v Speaker 7>buying it there just to stay in right, And so

0:41:22.280 --> 0:41:25.640
<v Speaker 7>for me, I'm not a dollar cost averaging person. I'm

0:41:25.640 --> 0:41:28.919
<v Speaker 7>an averaging down type of person. Right, and averaging down

0:41:29.000 --> 0:41:31.840
<v Speaker 7>is saying I found it, I bought it at fifteen dollars.

0:41:32.000 --> 0:41:33.480
<v Speaker 7>I don't care if it run all the way up.

0:41:33.800 --> 0:41:37.600
<v Speaker 7>Right Now, what I do is, I'm every half a year,

0:41:37.800 --> 0:41:40.799
<v Speaker 7>every two quarters, I reevaluate every stock I'm invested in

0:41:41.160 --> 0:41:42.400
<v Speaker 7>right to understand.

0:41:42.000 --> 0:41:43.200
<v Speaker 4>What the value is at.

0:41:43.400 --> 0:41:47.640
<v Speaker 7>So now if the stock price dips, I'm not buying it.

0:41:47.680 --> 0:41:50.120
<v Speaker 7>But it dips at a below value price, I can

0:41:50.160 --> 0:41:50.560
<v Speaker 7>buy it.

0:41:50.680 --> 0:41:50.839
<v Speaker 6>Right.

0:41:50.920 --> 0:41:55.240
<v Speaker 7>So example, I bought Amazon in twenty eighteen at nineteen

0:41:55.320 --> 0:42:01.760
<v Speaker 7>hundred dollars. I bought it in October November December eighteen.

0:42:01.800 --> 0:42:05.200
<v Speaker 7>The market went into a correction, you know what I'm saying,

0:42:05.239 --> 0:42:08.960
<v Speaker 7>and it went from nineteen to seventeen, nineteen hundred to

0:42:09.000 --> 0:42:11.520
<v Speaker 7>seventeen hundred. I bought it at seventeen hundred. Now what

0:42:11.600 --> 0:42:14.920
<v Speaker 7>that does is that brings my nineteen hundred dollars buying

0:42:15.000 --> 0:42:18.920
<v Speaker 7>price down to about eighteen twenty five. Right, So now

0:42:18.960 --> 0:42:22.000
<v Speaker 7>don't got a way to get to nineteen to see profit.

0:42:22.239 --> 0:42:25.439
<v Speaker 7>I can start seeing profit again at eighteen seventy five, right,

0:42:25.480 --> 0:42:29.080
<v Speaker 7>And so then it went from eighteen to sixteen. I

0:42:29.120 --> 0:42:32.040
<v Speaker 7>bought two moshas at sixteen. So now instead of me

0:42:32.040 --> 0:42:35.160
<v Speaker 7>seeing profit at eighteen seventy five, I can probably see

0:42:35.160 --> 0:42:38.239
<v Speaker 7>profit now at like seventeen eighty or something like that.

0:42:38.320 --> 0:42:38.640
<v Speaker 4>Right.

0:42:39.000 --> 0:42:43.319
<v Speaker 7>And then it went down from seventeen, I mean, from

0:42:43.400 --> 0:42:45.680
<v Speaker 7>seventeen to fifteen, I missed it and I got it

0:42:45.719 --> 0:42:48.720
<v Speaker 7>again at thirteen. So now instead of me seeing profit

0:42:48.760 --> 0:42:53.719
<v Speaker 7>at nineteen, I now got profits at sixteen hundred when

0:42:53.719 --> 0:42:55.560
<v Speaker 7>I bought it, at thirteen forty three. It brought my

0:42:55.600 --> 0:42:58.080
<v Speaker 7>cost basis all the way down to like sixteen seventy five.

0:42:58.520 --> 0:43:00.359
<v Speaker 7>You feel what I'm saying. So I'm with by at

0:43:00.400 --> 0:43:02.480
<v Speaker 7>discount over a period of time.

0:43:02.880 --> 0:43:03.680
<v Speaker 3>I'm okay with that.

0:43:03.719 --> 0:43:06.600
<v Speaker 4>And I told Smalls that I was like, yo, I

0:43:06.640 --> 0:43:11.040
<v Speaker 4>don't like green markets. I like blood. I like blood.

0:43:11.400 --> 0:43:13.480
<v Speaker 7>You know what I'm saying, because that means I can

0:43:13.520 --> 0:43:16.239
<v Speaker 7>get stuff at a discount. But back to what we

0:43:16.239 --> 0:43:20.960
<v Speaker 7>were saying, So with individual stocks, I'm a dollar cost average.

0:43:21.239 --> 0:43:24.719
<v Speaker 7>But with index funds and ETFs, it's a great way

0:43:24.760 --> 0:43:28.200
<v Speaker 7>for you to.

0:43:26.719 --> 0:43:29.040
<v Speaker 2>Get in with a lower amount every time because there's

0:43:29.200 --> 0:43:30.480
<v Speaker 2>there's not the same requirement that.

0:43:30.440 --> 0:43:31.640
<v Speaker 3>You have to put that requirements.

0:43:31.680 --> 0:43:33.560
<v Speaker 7>So now I can get in like you can get

0:43:33.600 --> 0:43:38.280
<v Speaker 7>I think one is the one besides the ETF. Another

0:43:38.400 --> 0:43:42.120
<v Speaker 7>in one is the there's like a high dividend ETF

0:43:42.680 --> 0:43:45.280
<v Speaker 7>right way, it's like forty two dollars.

0:43:45.200 --> 0:43:47.640
<v Speaker 4>Right and you can get in it every month. You

0:43:47.640 --> 0:43:48.200
<v Speaker 4>know what I'm saying.

0:43:48.239 --> 0:43:50.440
<v Speaker 7>You can put you know, you saving ten percent of

0:43:50.480 --> 0:43:53.000
<v Speaker 7>your money every week, So that means once a month

0:43:53.040 --> 0:43:53.960
<v Speaker 7>you can be able to get.

0:43:53.840 --> 0:43:54.680
<v Speaker 3>This index fund.

0:43:54.920 --> 0:43:57.200
<v Speaker 7>And it's this ETF and one of the things you

0:43:57.200 --> 0:44:00.520
<v Speaker 7>can do is you can just say great dividend to

0:44:00.560 --> 0:44:03.560
<v Speaker 7>invest in, right, and then the ETF itself is gonna

0:44:03.680 --> 0:44:06.360
<v Speaker 7>they've now done the homework for you. They've put the

0:44:06.400 --> 0:44:09.200
<v Speaker 7>best dividend ETFs in that ETF, I mean the best

0:44:09.200 --> 0:44:10.640
<v Speaker 7>dividend stocks in that ETF.

0:44:10.920 --> 0:44:11.879
<v Speaker 4>So now you don't have.

0:44:11.840 --> 0:44:14.319
<v Speaker 7>To let me research this, let me research that. You

0:44:14.400 --> 0:44:16.799
<v Speaker 7>just look at the performance, how has it performed over

0:44:16.840 --> 0:44:19.439
<v Speaker 7>the last year, five years, and you say, okay, cool,

0:44:19.480 --> 0:44:21.680
<v Speaker 7>every month, I'm gonna just put fifty dollars in here, right,

0:44:21.800 --> 0:44:24.000
<v Speaker 7>one hundred dollars in a year, and you can just keep

0:44:24.040 --> 0:44:25.120
<v Speaker 7>doing that.

0:44:25.120 --> 0:44:25.960
<v Speaker 4>That's a great way.

0:44:25.880 --> 0:44:27.799
<v Speaker 5>When we're doing When we're doing that with are we

0:44:27.880 --> 0:44:29.480
<v Speaker 5>looking into the expense ratios as well?

0:44:29.520 --> 0:44:32.000
<v Speaker 7>Of course, And it's just for that so in case

0:44:32.000 --> 0:44:34.400
<v Speaker 7>people don't know what the expense ratio is, that's just

0:44:34.440 --> 0:44:38.680
<v Speaker 7>simply how much you're paying someone to run this, and

0:44:39.080 --> 0:44:42.319
<v Speaker 7>it's extremely cheap, like it's cheap like for me when

0:44:42.320 --> 0:44:44.279
<v Speaker 7>I'm looking at expense ratios, I want it to be

0:44:44.440 --> 0:44:47.160
<v Speaker 7>less than one, right, So it's less than one, so

0:44:47.160 --> 0:44:49.360
<v Speaker 7>I'm paying them less than one percent.

0:44:49.440 --> 0:44:51.400
<v Speaker 4>And so with these ETFs, a lot of times you

0:44:51.400 --> 0:44:51.840
<v Speaker 4>can get.

0:44:51.719 --> 0:44:54.640
<v Speaker 7>Them at zero point seventy five percent, zero point sixty

0:44:54.680 --> 0:44:57.400
<v Speaker 7>five percent, zero point fifty cents. That's something like for

0:44:57.440 --> 0:44:59.840
<v Speaker 7>every thousand dollars you pay them five dollars.

0:45:00.160 --> 0:45:01.640
<v Speaker 5>You know, I think that's I think that's something like

0:45:01.960 --> 0:45:04.520
<v Speaker 5>people don't even realize, right, like you're actually paying that.

0:45:04.600 --> 0:45:05.960
<v Speaker 3>Yeah, you know what I'm saying. It's like kind of

0:45:05.960 --> 0:45:06.279
<v Speaker 3>a hit and.

0:45:06.400 --> 0:45:08.480
<v Speaker 7>You're not gonna feel it because what's gonna happen is

0:45:08.760 --> 0:45:12.160
<v Speaker 7>it's called passive investment. So now what happens is once

0:45:12.200 --> 0:45:15.799
<v Speaker 7>a year, whatever your returns off for the year, they

0:45:15.800 --> 0:45:17.000
<v Speaker 7>will take five dollars out.

0:45:17.160 --> 0:45:19.240
<v Speaker 3>You're not gonna see it, you know what I'm saying.

0:45:19.440 --> 0:45:22.600
<v Speaker 7>So I don't mind if you don't really know too much,

0:45:22.600 --> 0:45:25.000
<v Speaker 7>and that gives you time to be in the market.

0:45:25.080 --> 0:45:27.799
<v Speaker 7>One of the things I always say is time in

0:45:27.840 --> 0:45:30.640
<v Speaker 7>the market is better than time meanings the market.

0:45:31.680 --> 0:45:33.640
<v Speaker 6>Right, say that, Say that again, say.

0:45:33.440 --> 0:45:35.920
<v Speaker 4>That it was a negro spiritual.

0:45:42.840 --> 0:45:53.120
<v Speaker 7>Yeah so so so time in the market. The fact,

0:45:53.600 --> 0:45:57.480
<v Speaker 7>time in the market is better than time meaning the market, right,

0:45:57.520 --> 0:45:59.839
<v Speaker 7>So just that experience, you know what I'm saying, being

0:45:59.880 --> 0:46:02.160
<v Speaker 7>in the market every day, putting your money in those

0:46:02.239 --> 0:46:05.080
<v Speaker 7>that's say you buy that ETF every month, you buying

0:46:05.080 --> 0:46:08.200
<v Speaker 7>it right, you in the market. Right, You're letting them

0:46:08.239 --> 0:46:11.640
<v Speaker 7>do the hard work. You downsize the risk. Your money

0:46:11.680 --> 0:46:14.880
<v Speaker 7>is making money for you. So while you're letting that happen,

0:46:15.600 --> 0:46:17.640
<v Speaker 7>you can be learning how to research. You can be

0:46:17.719 --> 0:46:20.040
<v Speaker 7>learning what it takes, and you can start with researching

0:46:20.080 --> 0:46:21.840
<v Speaker 7>the business that inside the ETF.

0:46:22.400 --> 0:46:24.000
<v Speaker 4>You know what I'm saying. You can break that down

0:46:24.160 --> 0:46:25.960
<v Speaker 4>to dimes. You know what I'm saying. You can break

0:46:26.000 --> 0:46:27.080
<v Speaker 4>that breakdown a bunch of.

0:46:27.000 --> 0:46:31.000
<v Speaker 3>Dimes, big trap.

0:46:32.640 --> 0:46:34.440
<v Speaker 4>You can break that breakdown a dime like.

0:46:34.440 --> 0:46:40.280
<v Speaker 7>You can take that ETF and now go to Yahoo finance, right, simple,

0:46:40.320 --> 0:46:42.919
<v Speaker 7>go to Yahoo finance. Put the ETF in the search ball.

0:46:43.200 --> 0:46:45.520
<v Speaker 7>Now you can go slide over to those hype of links.

0:46:45.560 --> 0:46:50.319
<v Speaker 7>You'll see financials, you'll see summary, you'll see performance, and

0:46:50.320 --> 0:46:53.880
<v Speaker 7>then you'll see holdings. Right, holdings is the companies inside

0:46:53.920 --> 0:46:57.160
<v Speaker 7>of the ETF. Press that holdings. Scroll down, because the

0:46:57.160 --> 0:46:59.640
<v Speaker 7>first thing is going to tell you is what what

0:46:59.760 --> 0:47:01.560
<v Speaker 7>type of businesses are in the ECF.

0:47:01.560 --> 0:47:04.520
<v Speaker 4>You'll see basic materials and you know financials.

0:47:04.520 --> 0:47:04.800
<v Speaker 3>Whatever.

0:47:05.160 --> 0:47:08.480
<v Speaker 7>You go down and it'll show you now the businesses

0:47:08.600 --> 0:47:11.799
<v Speaker 7>and the percent of those businesses of the insidey ET

0:47:12.440 --> 0:47:14.440
<v Speaker 7>And so now what happens is you can look at

0:47:14.480 --> 0:47:16.040
<v Speaker 7>those business and start your research there.

0:47:16.320 --> 0:47:18.239
<v Speaker 5>Quick question for you though, like, so when you see

0:47:18.480 --> 0:47:20.719
<v Speaker 5>what's inside the holdings, what is the percentage you like?

0:47:20.840 --> 0:47:21.000
<v Speaker 6>Right?

0:47:21.000 --> 0:47:24.520
<v Speaker 5>So, Like, if I'm looking at like uh AN XL

0:47:24.680 --> 0:47:26.520
<v Speaker 5>Y or something like that, and I see the allocation

0:47:26.880 --> 0:47:28.440
<v Speaker 5>for a company, what.

0:47:28.360 --> 0:47:29.840
<v Speaker 3>Number or percentage do you look like?

0:47:29.880 --> 0:47:30.239
<v Speaker 8>You know what?

0:47:30.840 --> 0:47:31.680
<v Speaker 3>I like that number?

0:47:31.719 --> 0:47:31.879
<v Speaker 6>Right?

0:47:31.880 --> 0:47:33.719
<v Speaker 5>Do I want I want them to be allocated like

0:47:33.880 --> 0:47:36.160
<v Speaker 5>five to seven or is it like eight to ten

0:47:36.200 --> 0:47:38.200
<v Speaker 5>percent of some of like these big time so.

0:47:38.600 --> 0:47:43.000
<v Speaker 7>They all they all differentiate. I'm not honestly that part.

0:47:43.040 --> 0:47:45.680
<v Speaker 7>I'm not tripping on, but I do want to know

0:47:45.880 --> 0:47:48.719
<v Speaker 7>where the majority of the money is, right, right, So

0:47:48.800 --> 0:47:51.080
<v Speaker 7>let's say it. We'll just use example, We'll just say

0:47:51.080 --> 0:47:54.239
<v Speaker 7>a ETF XLB whatever that is, right, we just gonna

0:47:54.239 --> 0:47:55.839
<v Speaker 7>through some cause I don't even nobody saying trap say

0:47:55.880 --> 0:47:59.160
<v Speaker 7>it this right, So let's say we're using XLB, right,

0:47:59.160 --> 0:48:03.000
<v Speaker 7>and let's say ten percent their top five holdings is

0:48:03.480 --> 0:48:09.239
<v Speaker 7>earn your leisure, Wall Street trapper you know in other businesses, right,

0:48:09.960 --> 0:48:12.160
<v Speaker 7>And so let's say now we're looking at the holders

0:48:12.160 --> 0:48:15.000
<v Speaker 7>and we see, okay, well ten percent of their money

0:48:15.080 --> 0:48:18.880
<v Speaker 7>is in Earn your Leisure, eight percent of their money

0:48:19.120 --> 0:48:22.160
<v Speaker 7>is in Wall Street Trapper. So that means, now, if

0:48:22.200 --> 0:48:26.920
<v Speaker 7>that was one hundred dollars, ten dollars of that is

0:48:26.960 --> 0:48:30.600
<v Speaker 7>in Earn your Leisure, right, eight dollars of that is

0:48:30.640 --> 0:48:31.680
<v Speaker 7>in Wall Street Trapper.

0:48:32.040 --> 0:48:32.200
<v Speaker 3>Right.

0:48:32.239 --> 0:48:34.480
<v Speaker 7>So if it's one hundred dollars, you break those percentages

0:48:34.520 --> 0:48:36.520
<v Speaker 7>down like that. What I do like to see is

0:48:37.360 --> 0:48:40.760
<v Speaker 7>the businesses that they are strong in are solid businesses,

0:48:41.360 --> 0:48:43.520
<v Speaker 7>you know what I'm saying. If they solid. Now, if

0:48:43.600 --> 0:48:45.759
<v Speaker 7>you got a company that's bad, then that's why I

0:48:45.840 --> 0:48:49.440
<v Speaker 7>like these ets, because if a company is not performing,

0:48:49.800 --> 0:48:52.120
<v Speaker 7>they're gonna get them out of there. Like you know,

0:48:52.320 --> 0:48:54.319
<v Speaker 7>it's just like you know, against it. Like if I

0:48:54.360 --> 0:48:57.279
<v Speaker 7>got a trap booming and I got some soldiers and

0:48:57.320 --> 0:49:00.560
<v Speaker 7>you ain't performing. I got trap bringing in a shot,

0:49:00.640 --> 0:49:03.520
<v Speaker 7>bringing in this, shot and shot, but you know, shot

0:49:03.600 --> 0:49:05.920
<v Speaker 7>bringing in this. I got them other traps bringing in this,

0:49:06.000 --> 0:49:08.920
<v Speaker 7>and you ain't performing, fam, you gotta go. You out

0:49:08.960 --> 0:49:10.640
<v Speaker 7>of a job. You can't run for me no more

0:49:11.200 --> 0:49:13.560
<v Speaker 7>what I need you for, you know what I'm saying.

0:49:13.600 --> 0:49:14.839
<v Speaker 7>So they're gonna do that, and a lot of them

0:49:14.880 --> 0:49:16.480
<v Speaker 7>need to do it once a year or some of

0:49:16.520 --> 0:49:18.840
<v Speaker 7>them do it every two years, but they're gonna switch.

0:49:18.719 --> 0:49:20.320
<v Speaker 3>Them out and put the next runner in there.

0:49:20.360 --> 0:49:22.400
<v Speaker 5>That's the love that that's important too, because like you

0:49:22.400 --> 0:49:24.919
<v Speaker 5>can actually see it happen, right if you check from

0:49:24.920 --> 0:49:26.640
<v Speaker 5>a year to year or every six months sometimes it

0:49:26.640 --> 0:49:29.480
<v Speaker 5>depends on the ETF, you actually see the allocation change, right,

0:49:29.480 --> 0:49:32.360
<v Speaker 5>So you'll see one go from four percent to eight percent.

0:49:32.400 --> 0:49:34.640
<v Speaker 5>So it's good to know, like, Yo, they see growth

0:49:34.640 --> 0:49:35.680
<v Speaker 5>in that company, they're.

0:49:35.480 --> 0:49:39.160
<v Speaker 3>Putting more money into the ETF. It becomes even stronger.

0:49:39.200 --> 0:49:40.560
<v Speaker 2>Let me ask you this one thing that we haven't

0:49:40.600 --> 0:49:44.600
<v Speaker 2>spoken about on this podcast yet in depth. It's gold,

0:49:45.320 --> 0:49:47.799
<v Speaker 2>and that's something that's been populate this year two twenty twenty.

0:49:47.840 --> 0:49:49.760
<v Speaker 2>A lot of things have been ringing off in twenty twenty.

0:49:50.160 --> 0:49:52.800
<v Speaker 2>Goal is something that you know, people are just hearing

0:49:52.840 --> 0:49:55.240
<v Speaker 2>about and they're like, all right, I need to invest

0:49:55.280 --> 0:49:58.799
<v Speaker 2>in Goal is going up? Is you know what's your

0:49:58.840 --> 0:49:59.880
<v Speaker 2>thoughts on investing in go?

0:50:00.800 --> 0:50:04.239
<v Speaker 7>So I actually owned two ounces of physical Yeah, I

0:50:04.280 --> 0:50:07.480
<v Speaker 7>got him to save the positive because one even when

0:50:07.640 --> 0:50:12.200
<v Speaker 7>invest in buying gold, you have to be storage is key.

0:50:13.000 --> 0:50:15.880
<v Speaker 7>Like you're not supposed to have gold just laying around

0:50:16.520 --> 0:50:18.880
<v Speaker 7>you know what I'm saying, like that the metrics, I mean,

0:50:18.920 --> 0:50:21.560
<v Speaker 7>you can, but I find that you got some gold enough,

0:50:23.360 --> 0:50:30.799
<v Speaker 7>I'm gonna come hollers. I don't live like that, big chat.

0:50:30.840 --> 0:50:36.120
<v Speaker 4>We're different, different Gina.

0:50:36.320 --> 0:50:38.280
<v Speaker 7>But you know so and then you got a minus.

0:50:38.400 --> 0:50:40.239
<v Speaker 7>You know if you tell somebody you got that in there,

0:50:40.960 --> 0:50:44.560
<v Speaker 7>you know what I'm saying. So gold is an amazing product, man,

0:50:44.560 --> 0:50:50.160
<v Speaker 7>It's amazing protection of wealth, all right, is what you

0:50:50.160 --> 0:50:55.360
<v Speaker 7>would call insurance to your wealth and a hedge against

0:50:55.400 --> 0:50:58.480
<v Speaker 7>the dollar. So I actually think that everybody is your

0:50:58.480 --> 0:51:01.719
<v Speaker 7>own goal. One of the greatest things about gold is

0:51:02.600 --> 0:51:04.600
<v Speaker 7>that brick is broken. You can literally buy it in

0:51:04.640 --> 0:51:07.279
<v Speaker 7>a kilo. My goal is to buy a kilo of

0:51:07.520 --> 0:51:10.240
<v Speaker 7>goal one thousand and one grand.

0:51:11.640 --> 0:51:17.640
<v Speaker 4>That's that's a brick, brick, baby, brick aquilo. So my

0:51:17.760 --> 0:51:21.280
<v Speaker 4>goal is to actually buy a kilo of gold.

0:51:21.520 --> 0:51:22.839
<v Speaker 6>So where did you buy gold from?

0:51:22.880 --> 0:51:24.799
<v Speaker 7>Like, so you can get it in multiple ways. Now

0:51:24.800 --> 0:51:28.120
<v Speaker 7>were talking physical goal both let's talk about all right.

0:51:28.160 --> 0:51:30.360
<v Speaker 7>So we can get physical goal from a certified dealer,

0:51:31.000 --> 0:51:33.719
<v Speaker 7>or we can get get it from you can get

0:51:33.760 --> 0:51:35.160
<v Speaker 7>online and check for.

0:51:35.800 --> 0:51:37.040
<v Speaker 4>Actual goal.

0:51:38.440 --> 0:51:46.600
<v Speaker 7>Exchanges and gold securities, meaning like they literally whole goal JM.

0:51:46.600 --> 0:51:48.479
<v Speaker 7>Bullying is one of them, like one of the best

0:51:48.480 --> 0:51:49.839
<v Speaker 7>ones out I was just going to ask you about

0:51:49.880 --> 0:51:51.600
<v Speaker 7>that bullion. This is one of the they one of

0:51:51.600 --> 0:51:53.600
<v Speaker 7>the best ones out there. But even when you buy

0:51:53.680 --> 0:51:55.480
<v Speaker 7>your goal, what you got to look for now is

0:51:56.040 --> 0:52:00.880
<v Speaker 7>so you're never going to get one hundred percent.

0:52:00.400 --> 0:52:01.880
<v Speaker 6>Gold because it's too soft.

0:52:02.120 --> 0:52:06.160
<v Speaker 7>Yeah, so now you gotta tap into how much of

0:52:06.200 --> 0:52:08.480
<v Speaker 7>the mixture that's in the goal.

0:52:09.040 --> 0:52:09.760
<v Speaker 3>You know what I'm saying.

0:52:09.880 --> 0:52:12.280
<v Speaker 4>So now you know it's you know, we start looking

0:52:12.320 --> 0:52:12.600
<v Speaker 4>at that.

0:52:12.760 --> 0:52:17.000
<v Speaker 7>But you also got to pay attention when you're buying gold.

0:52:18.440 --> 0:52:19.799
<v Speaker 4>It's not easier to sell goal.

0:52:21.000 --> 0:52:23.000
<v Speaker 7>Like if you buy it, it's not easy to sell

0:52:23.040 --> 0:52:27.480
<v Speaker 7>it back, right because now, so there's this thing called

0:52:27.520 --> 0:52:30.200
<v Speaker 7>like the spot price on the goal, right, and that's

0:52:30.239 --> 0:52:33.200
<v Speaker 7>what the goal is actually worked. And then you have

0:52:33.560 --> 0:52:35.520
<v Speaker 7>what the deal is gonna charge you. Again, it's the

0:52:35.520 --> 0:52:37.000
<v Speaker 7>middle man, Like if I gotta go get it and

0:52:37.040 --> 0:52:38.920
<v Speaker 7>I gotta sell it to you, then I won't mind,

0:52:39.360 --> 0:52:41.040
<v Speaker 7>you know what I'm saying. So you ain't gonna go

0:52:41.160 --> 0:52:43.319
<v Speaker 7>get it yourself, you know what I'm saying. So you

0:52:43.360 --> 0:52:46.920
<v Speaker 7>gotta see who's paying who's charging you the less? You

0:52:46.960 --> 0:52:48.399
<v Speaker 7>know who taxing you the less like.

0:52:48.320 --> 0:52:48.959
<v Speaker 4>Being on a block.

0:52:49.000 --> 0:52:50.640
<v Speaker 7>You know what I'm saying, Like, for Shah, I got

0:52:50.640 --> 0:52:53.640
<v Speaker 7>it for seventeen I got it for seventeen five, right,

0:52:53.680 --> 0:52:55.360
<v Speaker 7>so trap, why you charge me for seventeen?

0:52:55.600 --> 0:52:58.600
<v Speaker 4>Well mine better? You boys paying to it to take

0:52:58.600 --> 0:53:01.160
<v Speaker 4>it too long? A rock up, you know what I'm saying.

0:53:04.320 --> 0:53:05.880
<v Speaker 7>So you know you want to pay attention to that

0:53:05.920 --> 0:53:09.400
<v Speaker 7>as well, but you can. It's definitely you know JM.

0:53:09.440 --> 0:53:11.640
<v Speaker 7>Bullying is one of the ones that I perfonally be like,

0:53:11.680 --> 0:53:13.600
<v Speaker 7>they good people. But also you can go to you

0:53:13.600 --> 0:53:16.000
<v Speaker 7>know where people buying these rolexes and all that from,

0:53:16.040 --> 0:53:18.479
<v Speaker 7>like a lot of these places. If it's a real

0:53:18.560 --> 0:53:21.680
<v Speaker 7>rolex that's not the rolex dealer, they can be certified

0:53:21.719 --> 0:53:24.239
<v Speaker 7>dealers and you can literally go to them and be like, yo,

0:53:24.280 --> 0:53:25.640
<v Speaker 7>I want to buy some gold, and they'll.

0:53:25.440 --> 0:53:27.239
<v Speaker 4>Be like, all right, cool, I got you. You know

0:53:27.280 --> 0:53:27.759
<v Speaker 4>what I'm saying.

0:53:27.760 --> 0:53:30.160
<v Speaker 7>You can buy pellets of goal, you can buy gold coins.

0:53:30.200 --> 0:53:32.440
<v Speaker 7>But again, now you're looking at one of the things

0:53:32.480 --> 0:53:35.240
<v Speaker 7>you got to ask them is what is your feet?

0:53:35.440 --> 0:53:36.040
<v Speaker 3>You know what I'm saying.

0:53:36.040 --> 0:53:37.959
<v Speaker 7>And then a lot of time you try to sell again,

0:53:38.040 --> 0:53:40.399
<v Speaker 7>it's something to hold, you know what I'm saying, So.

0:53:41.239 --> 0:53:42.000
<v Speaker 4>Things get real.

0:53:42.120 --> 0:53:44.880
<v Speaker 7>Like we looked at the If you look at USDT

0:53:44.920 --> 0:53:47.200
<v Speaker 7>clock dot org, you'll see that the dollar loses value

0:53:47.200 --> 0:53:49.640
<v Speaker 7>every day of the company's This world is different, twenty

0:53:49.680 --> 0:53:52.520
<v Speaker 7>seven trillion dollars in debt and growing, right, so we

0:53:52.600 --> 0:53:54.960
<v Speaker 7>know that the more money they print, the lesson is

0:53:55.000 --> 0:53:58.080
<v Speaker 7>worth a dollar today, ain't worth a dollar tomorro, you

0:53:58.080 --> 0:53:58.600
<v Speaker 7>know what I'm saying.

0:53:58.680 --> 0:53:59.839
<v Speaker 4>So that's what the goal is.

0:54:00.000 --> 0:54:02.319
<v Speaker 7>But as the dollar loses value, the goal actually goes

0:54:02.400 --> 0:54:04.560
<v Speaker 7>up because people try to find safer places to put

0:54:04.560 --> 0:54:07.080
<v Speaker 7>their money, especially in volatile market as well.

0:54:07.320 --> 0:54:09.080
<v Speaker 4>You know what I'm saying, Things going crazy, and they

0:54:09.080 --> 0:54:10.720
<v Speaker 4>can't get into bonds.

0:54:10.640 --> 0:54:12.319
<v Speaker 3>Because that's usually the alternative.

0:54:12.920 --> 0:54:15.319
<v Speaker 7>Right, If stocks become too risky, then big investor say, well,

0:54:15.400 --> 0:54:17.160
<v Speaker 7>let me get into bonds so they can.

0:54:17.080 --> 0:54:18.680
<v Speaker 4>Get some type of return on their money.

0:54:18.960 --> 0:54:21.960
<v Speaker 7>Right, But if bond, if bond interest rates go too low,

0:54:22.400 --> 0:54:23.920
<v Speaker 7>right now, they're like, okay, I don't want to be

0:54:23.960 --> 0:54:26.919
<v Speaker 7>in bonds. And then what happens when interest rates go low?

0:54:27.160 --> 0:54:29.520
<v Speaker 7>Gold goes up. Why because everybody's gonna say, let me

0:54:29.520 --> 0:54:32.120
<v Speaker 7>get the gold. You feel what I'm saying. So now

0:54:32.160 --> 0:54:36.680
<v Speaker 7>we start understanding that triangle offense like Phil Jackson, stocks, bonds, Goal,

0:54:37.080 --> 0:54:40.840
<v Speaker 7>But really goal is like that safe haven, you know

0:54:40.840 --> 0:54:43.160
<v Speaker 7>what I'm saying. It's the safe house, right, It's gonna

0:54:43.160 --> 0:54:45.600
<v Speaker 7>be there, it's gonna perform. But the thing about goal

0:54:45.840 --> 0:54:49.000
<v Speaker 7>is if the stocks are performing well, then they don't

0:54:49.000 --> 0:54:49.319
<v Speaker 7>need to.

0:54:49.239 --> 0:54:49.680
<v Speaker 4>Be in Goal.

0:54:49.960 --> 0:54:51.959
<v Speaker 7>They can go to stocks and get a great return

0:54:52.000 --> 0:54:54.800
<v Speaker 7>of their money. When stocks get too risky and bonds

0:54:54.800 --> 0:54:55.239
<v Speaker 7>don't got.

0:54:55.160 --> 0:54:57.279
<v Speaker 4>A good rate, when let me go to GOP, you

0:54:57.320 --> 0:55:00.360
<v Speaker 4>know what I'm saying. So I feel like I'm trapping

0:55:00.440 --> 0:55:00.799
<v Speaker 4>right now.

0:55:00.920 --> 0:55:03.799
<v Speaker 2>So well, so that's the that's the physical but then

0:55:03.840 --> 0:55:06.040
<v Speaker 2>you can buy it like et they go buy a

0:55:06.120 --> 0:55:08.399
<v Speaker 2>gold stock on the stock market right now?

0:55:08.400 --> 0:55:08.640
<v Speaker 6>Is that?

0:55:08.719 --> 0:55:08.759
<v Speaker 1>So?

0:55:09.239 --> 0:55:13.319
<v Speaker 7>Now what happens is you won't buy physical goal on

0:55:13.400 --> 0:55:17.880
<v Speaker 7>the stock market. You will buy goal miners, right, and

0:55:17.920 --> 0:55:22.160
<v Speaker 7>that's a great place to be because what goal miners

0:55:22.160 --> 0:55:25.760
<v Speaker 7>are the people who mine goal mining the goal the companies,

0:55:25.800 --> 0:55:28.360
<v Speaker 7>the companies, right, So you can buy gold miners and

0:55:28.400 --> 0:55:31.440
<v Speaker 7>then a lot of goal miners will actually be copper

0:55:31.440 --> 0:55:34.840
<v Speaker 7>miners as well, because some in a lot of the

0:55:34.880 --> 0:55:35.600
<v Speaker 7>goal that's what.

0:55:35.560 --> 0:55:37.520
<v Speaker 4>They'll mix it with a little bit, you know what

0:55:37.520 --> 0:55:38.000
<v Speaker 4>I'm saying.

0:55:38.080 --> 0:55:40.920
<v Speaker 7>So a lot of goal miners be copper miners, some

0:55:41.239 --> 0:55:43.320
<v Speaker 7>be silver miners, some be platinum miners.

0:55:43.480 --> 0:55:45.800
<v Speaker 4>So now you're just looking at that whole aspect.

0:55:45.880 --> 0:55:48.680
<v Speaker 7>But you can buy goal miners and you can buy

0:55:48.760 --> 0:55:51.799
<v Speaker 7>goal et s which can actually be a mixture of

0:55:52.600 --> 0:55:58.120
<v Speaker 7>miners and like this precious metal other precious metals that's

0:55:58.120 --> 0:55:58.640
<v Speaker 7>inside of that.

0:55:58.719 --> 0:56:02.680
<v Speaker 4>One of them is called take a symbol O U

0:56:02.760 --> 0:56:04.840
<v Speaker 4>n Z. You know what I'm saying. So that's a

0:56:04.920 --> 0:56:06.040
<v Speaker 4>goal ETF as well.

0:56:06.280 --> 0:56:08.319
<v Speaker 5>So when we're looking at gold ETFs, right, and I'm

0:56:08.360 --> 0:56:12.600
<v Speaker 5>thinking like things of myself just from a standpoint of like, yo,

0:56:12.680 --> 0:56:15.120
<v Speaker 5>people are minding the gold who's bothified in the shovels

0:56:15.600 --> 0:56:16.680
<v Speaker 5>form we're looking Come on.

0:56:16.640 --> 0:56:18.840
<v Speaker 4>You you you you talking about you know, so you

0:56:18.880 --> 0:56:19.480
<v Speaker 4>think about that.

0:56:19.560 --> 0:56:22.399
<v Speaker 7>Like one of the things I said is when this's

0:56:22.400 --> 0:56:24.719
<v Speaker 7>how most people got rich during the gold Rush. Was

0:56:24.800 --> 0:56:26.960
<v Speaker 7>not the people who was digging for gold. It was

0:56:26.960 --> 0:56:29.440
<v Speaker 7>the people who sold the shovels. That's who got rich.

0:56:29.520 --> 0:56:31.759
<v Speaker 7>So that's a great place to be, you know what

0:56:31.800 --> 0:56:32.240
<v Speaker 7>I'm saying.

0:56:32.280 --> 0:56:34.680
<v Speaker 2>So yeah, so let me ask you this as far

0:56:34.760 --> 0:56:36.400
<v Speaker 2>last time we was here, we talked about a little bit.

0:56:36.440 --> 0:56:39.320
<v Speaker 2>We touched on how to save for your kid, what

0:56:39.480 --> 0:56:43.360
<v Speaker 2>can stodio accounts playing things of that nature. But I

0:56:43.400 --> 0:56:46.080
<v Speaker 2>don't think we went over there like to like in

0:56:46.239 --> 0:56:48.480
<v Speaker 2>depth with them and the UGMA.

0:56:49.560 --> 0:56:50.920
<v Speaker 6>Can you talk about that a little bit?

0:56:51.000 --> 0:56:53.520
<v Speaker 7>Yeah, yeah, So what we did was we talked about,

0:56:53.800 --> 0:56:55.399
<v Speaker 7>you know, just investing from my daughter.

0:56:55.440 --> 0:57:00.319
<v Speaker 4>And that was real dope because before I actually.

0:57:01.640 --> 0:57:05.120
<v Speaker 7>Spoke on that, I never heard nobody talk about it,

0:57:05.719 --> 0:57:07.920
<v Speaker 7>you know what I'm saying. And so for me, one

0:57:07.960 --> 0:57:09.560
<v Speaker 7>of the reasons what I did so I was like,

0:57:09.560 --> 0:57:11.279
<v Speaker 7>what's the difference between it, because I wanted to do

0:57:11.320 --> 0:57:13.560
<v Speaker 7>something for my daughter besides just putting money in a

0:57:13.560 --> 0:57:15.680
<v Speaker 7>bank account. Like if I'm making my money work for

0:57:15.719 --> 0:57:17.760
<v Speaker 7>me all the time and I'm saying I'm gonna do

0:57:17.840 --> 0:57:20.680
<v Speaker 7>this for the long run, then I'm instantly a light

0:57:20.680 --> 0:57:22.520
<v Speaker 7>went off of my head and was like, if I

0:57:22.560 --> 0:57:25.400
<v Speaker 7>stole my daughter, now she got way more time than me.

0:57:25.880 --> 0:57:28.240
<v Speaker 7>I can put a whole bunch of young bucks and

0:57:28.280 --> 0:57:30.320
<v Speaker 7>you know what I'm saying, custodio account and let it run.

0:57:30.520 --> 0:57:31.480
<v Speaker 3>So you got two types.

0:57:31.480 --> 0:57:35.520
<v Speaker 7>You got the ugm ME and you got the UT

0:57:35.680 --> 0:57:37.360
<v Speaker 7>The ug MUD and the UT muh.

0:57:37.720 --> 0:57:42.560
<v Speaker 4>So one of them is as.

0:57:40.880 --> 0:57:46.440
<v Speaker 7>Una unified gift account and one of them is a

0:57:46.440 --> 0:57:50.280
<v Speaker 7>transfer minor account, right, So one of them, the ut

0:57:50.920 --> 0:57:56.000
<v Speaker 7>the UT muh you can put real estate, you can

0:57:56.080 --> 0:58:01.160
<v Speaker 7>put gold, you can put art, you can put intellectual

0:58:01.200 --> 0:58:07.600
<v Speaker 7>properties and stocks and cash over there. The UGMA is

0:58:07.640 --> 0:58:12.360
<v Speaker 7>a gift, so you can only put stocks or binds,

0:58:12.480 --> 0:58:14.400
<v Speaker 7>mutual funds, eats, cash.

0:58:14.560 --> 0:58:16.760
<v Speaker 4>You can't put the real estate and the other stuff

0:58:16.760 --> 0:58:17.040
<v Speaker 4>in there.

0:58:17.080 --> 0:58:18.560
<v Speaker 3>So there's a limitation between the two.

0:58:18.640 --> 0:58:21.720
<v Speaker 7>Yeah yeah, yeah, yeah yeah. But the dope part about

0:58:21.720 --> 0:58:27.120
<v Speaker 7>both of them is they're not tax defird, but there's

0:58:27.120 --> 0:58:28.680
<v Speaker 7>an advantage in having them.

0:58:28.920 --> 0:58:32.080
<v Speaker 4>Whereas the first won't see I think.

0:58:31.920 --> 0:58:36.040
<v Speaker 7>It's a thousand, one thousand and fifty dollars, it's tax free.

0:58:37.000 --> 0:58:40.800
<v Speaker 7>Everything from two thousand dollars on up get taxed at

0:58:40.840 --> 0:58:44.400
<v Speaker 7>a children's rate, which is ten percent, you know what

0:58:44.440 --> 0:58:46.960
<v Speaker 7>I'm saying. So it's still you know, not you got

0:58:46.960 --> 0:58:49.200
<v Speaker 7>to pay the taxes, you know what I'm saying on it.

0:58:49.240 --> 0:58:52.080
<v Speaker 4>But it's still cool because.

0:58:51.760 --> 0:58:54.640
<v Speaker 7>And I think one of the things that our people,

0:58:54.680 --> 0:58:56.120
<v Speaker 7>our culture have bad.

0:58:56.160 --> 0:58:58.280
<v Speaker 4>And it's again it's not we just got to learn it.

0:58:58.640 --> 0:59:01.560
<v Speaker 4>We're scared to pay taxes. The first thing is somebody

0:59:01.680 --> 0:59:02.000
<v Speaker 4>be like.

0:59:02.320 --> 0:59:05.720
<v Speaker 7>I don't won't pay no taxes when in reality like

0:59:05.840 --> 0:59:08.680
<v Speaker 7>paying taxing me, you're making money, you know what I'm saying.

0:59:08.720 --> 0:59:11.480
<v Speaker 7>So now you just got to figure out how to

0:59:11.520 --> 0:59:14.560
<v Speaker 7>decrease the taxes instead of not pay the taxes, you

0:59:14.560 --> 0:59:15.960
<v Speaker 7>know what I'm saying. So one of the way is

0:59:15.960 --> 0:59:18.520
<v Speaker 7>you want to decrease taxes on the money you making. Right,

0:59:18.560 --> 0:59:21.080
<v Speaker 7>So if you got your child in that UTMA account

0:59:21.640 --> 0:59:24.080
<v Speaker 7>right or that you get, you're only paying ten percent,

0:59:24.120 --> 0:59:25.960
<v Speaker 7>no matter what it does, you're paying ten percent.

0:59:26.000 --> 0:59:29.040
<v Speaker 4>I'm cool with that, whereas just.

0:59:29.160 --> 0:59:32.800
<v Speaker 7>Regular income account that's twenty eight percent, twenty three percent,

0:59:32.920 --> 0:59:36.400
<v Speaker 7>Like that's a major So your child now from zero

0:59:36.640 --> 0:59:39.000
<v Speaker 7>to eighteen or twenty one depending on the state, then

0:59:39.400 --> 0:59:41.960
<v Speaker 7>paying ten percent and you changing their life, and.

0:59:41.920 --> 0:59:42.520
<v Speaker 4>I'll take that.

0:59:43.920 --> 0:59:44.840
<v Speaker 6>Yeah, it's powerful.

0:59:44.960 --> 0:59:49.080
<v Speaker 2>It's powerful, and I think that having a conversation about

0:59:49.120 --> 0:59:52.200
<v Speaker 2>generational wealth, that's has to be included in there, because

0:59:52.200 --> 0:59:55.120
<v Speaker 2>it's like you have the first step is investing for yourself.

0:59:55.120 --> 0:59:56.720
<v Speaker 6>You can't save anybody till you save yourself.

0:59:56.760 --> 0:59:57.320
<v Speaker 3>That's the fact.

0:59:57.320 --> 0:59:59.520
<v Speaker 2>But after you say after you you know, not even

0:59:59.520 --> 1:00:04.400
<v Speaker 2>save yours. After you start investing in yourself, now you

1:00:04.560 --> 1:00:06.959
<v Speaker 2>have to start to invest in your children.

1:00:06.960 --> 1:00:09.600
<v Speaker 7>That's that's that's what we plugged. That's the plug the generation.

1:00:09.800 --> 1:00:13.400
<v Speaker 7>If you're not doing that, you're selfish. Man, that's the plug.

1:00:14.160 --> 1:00:17.000
<v Speaker 7>Like you know, I always said, man, like if I

1:00:17.040 --> 1:00:20.160
<v Speaker 7>got it out the mud, and I watched my mama

1:00:20.200 --> 1:00:22.640
<v Speaker 7>get it out the mud, and I watched my grandmother

1:00:22.680 --> 1:00:24.880
<v Speaker 7>get it out the mud, and I watch everybody around

1:00:24.880 --> 1:00:27.520
<v Speaker 7>me get it out the mud while they let my

1:00:27.600 --> 1:00:30.200
<v Speaker 7>child get it out the mud. At some point, I

1:00:30.200 --> 1:00:33.800
<v Speaker 7>gotta say, I won't change this, yo. I gotta say, man,

1:00:34.280 --> 1:00:37.720
<v Speaker 7>it's different. And I feel like we, you know, we

1:00:37.800 --> 1:00:40.560
<v Speaker 7>get so caught up in I'm living my best life

1:00:40.880 --> 1:00:43.240
<v Speaker 7>to what we were trying to enjoy life so much,

1:00:43.280 --> 1:00:45.320
<v Speaker 7>to what you forget about. They got generations that kind

1:00:45.360 --> 1:00:47.640
<v Speaker 7>of come behind us, you know what I'm saying. So

1:00:47.680 --> 1:00:49.560
<v Speaker 7>for me, it's a lot of stuff I don't do

1:00:50.200 --> 1:00:54.040
<v Speaker 7>until I know for sure I've at least secured two generations,

1:00:55.520 --> 1:00:58.479
<v Speaker 7>you know what I'm saying. And that comes with one

1:01:00.120 --> 1:01:03.120
<v Speaker 7>educating my daughter, because even if I give her a

1:01:03.160 --> 1:01:06.280
<v Speaker 7>million dollars, if I ain't educated on home what to

1:01:06.320 --> 1:01:09.880
<v Speaker 7>do with a million dollars, I've now wasted a million dollars.

1:01:10.640 --> 1:01:11.640
<v Speaker 4>It's a saying that if.

1:01:11.560 --> 1:01:15.080
<v Speaker 7>You took all the wealth in the world and divided

1:01:15.120 --> 1:01:19.320
<v Speaker 7>it equally, within ten to fifteen years, the wealthy people

1:01:19.320 --> 1:01:22.800
<v Speaker 7>will be back in charge because they know what to do.

1:01:24.320 --> 1:01:26.160
<v Speaker 7>We get a million dollars and we don't know what

1:01:26.200 --> 1:01:29.760
<v Speaker 7>to do with it. We back into the famous quote

1:01:29.760 --> 1:01:34.480
<v Speaker 7>I said in the beginning, lions don't tell the gazelles

1:01:34.840 --> 1:01:38.920
<v Speaker 7>and the zebras how to get away. Why because now

1:01:38.960 --> 1:01:42.120
<v Speaker 7>I'm taking food out of my mouth. So I as

1:01:42.160 --> 1:01:43.760
<v Speaker 7>long as I don't tell you how to get away,

1:01:44.000 --> 1:01:45.920
<v Speaker 7>you're gonna always come back. But if I tell you

1:01:45.960 --> 1:01:49.560
<v Speaker 7>how to get away, now you're gonna go tell the zebra. Look,

1:01:49.560 --> 1:01:51.400
<v Speaker 7>this is how to get away from the line, and

1:01:51.400 --> 1:01:53.600
<v Speaker 7>a zebra gonna go tell the giraffe and the gazelle.

1:01:53.720 --> 1:01:56.080
<v Speaker 4>Now nobody came. I ain't got no tricks to him,

1:01:56.080 --> 1:01:56.480
<v Speaker 4>I sleeve.

1:01:57.000 --> 1:01:59.520
<v Speaker 7>Whereas if I don't tell nobody and I just keep

1:01:59.520 --> 1:02:03.040
<v Speaker 7>it am people, then we gonna always eat. So I

1:02:03.040 --> 1:02:04.959
<v Speaker 7>ain't mad at them for not giving us the game.

1:02:05.320 --> 1:02:07.680
<v Speaker 7>I ain't around here saying, man, they should teach us

1:02:07.720 --> 1:02:10.480
<v Speaker 7>this in school. No, what I'm gonna do is I'm

1:02:10.480 --> 1:02:13.360
<v Speaker 7>gonna get the knowledge right, I'm gonna seek it I'm

1:02:13.360 --> 1:02:15.400
<v Speaker 7>gonna go get I'm gonna flip every rock, I'm gonna

1:02:15.440 --> 1:02:18.400
<v Speaker 7>kick in every day, right, and once I get it,

1:02:18.920 --> 1:02:21.520
<v Speaker 7>I'm gonna go back and regurgitate it to my daughter

1:02:21.800 --> 1:02:24.440
<v Speaker 7>at the age of two. What's the stock, what's the asset,

1:02:24.520 --> 1:02:26.440
<v Speaker 7>what's the liability? Does it make your money?

1:02:26.640 --> 1:02:26.840
<v Speaker 4>You know?

1:02:26.960 --> 1:02:30.640
<v Speaker 7>What's real estate? At an early age, I'm having this conversation.

1:02:30.840 --> 1:02:33.800
<v Speaker 7>So now I'm teaching her a word to date like

1:02:33.840 --> 1:02:35.800
<v Speaker 7>she's I still when I'm gonna say that, then like

1:02:35.840 --> 1:02:37.760
<v Speaker 7>a word, I'm teaching her two three words a day

1:02:37.760 --> 1:02:39.080
<v Speaker 7>about just financial literacy.

1:02:39.400 --> 1:02:41.000
<v Speaker 4>Like the school can do what the school is supposed

1:02:41.000 --> 1:02:42.360
<v Speaker 4>to do. We're gonna do some of that homework too.

1:02:42.400 --> 1:02:45.200
<v Speaker 7>But this financial literacy, this was gonna save you, you

1:02:45.200 --> 1:02:46.800
<v Speaker 7>know what I'm saying. Let me show this was gonna

1:02:46.800 --> 1:02:48.600
<v Speaker 7>save you family, you know what I'm saying. So I'm

1:02:48.600 --> 1:02:51.760
<v Speaker 7>teaching her that. So now I've did two things. I've

1:02:51.840 --> 1:02:53.800
<v Speaker 7>showed her how to make a million through investing it,

1:02:54.200 --> 1:02:58.600
<v Speaker 7>and I've taught her how to nurture a million with knowledge,

1:02:58.640 --> 1:03:01.320
<v Speaker 7>because information is the further to your wealth man. That's

1:03:01.360 --> 1:03:04.200
<v Speaker 7>how we say generations with knowledge, passing all the money

1:03:04.200 --> 1:03:05.960
<v Speaker 7>you want, man, if you don't pass no knowledge, you

1:03:06.040 --> 1:03:06.440
<v Speaker 7>killed them.

1:03:07.840 --> 1:03:08.840
<v Speaker 6>No, that's a true fact.

1:03:08.840 --> 1:03:11.520
<v Speaker 2>And it was like, you know, bringing it full circle,

1:03:11.720 --> 1:03:13.760
<v Speaker 2>you know, bigger than just like I said, just bigger

1:03:13.760 --> 1:03:16.160
<v Speaker 2>than just a podcast when you reached out to me,

1:03:16.200 --> 1:03:19.000
<v Speaker 2>like we need to really do something to change the world.

1:03:19.200 --> 1:03:21.360
<v Speaker 6>I hate the word culture because it just gets watered

1:03:21.360 --> 1:03:22.040
<v Speaker 6>down so much.

1:03:22.640 --> 1:03:26.720
<v Speaker 4>You know what I'm saying. Yeah, it's like that's a fact.

1:03:27.080 --> 1:03:27.600
<v Speaker 6>That's a fact.

1:03:27.800 --> 1:03:29.080
<v Speaker 4>I appreciate you for putting me on.

1:03:30.200 --> 1:03:31.440
<v Speaker 2>But it was like, you know what I'm saying, let's

1:03:31.480 --> 1:03:34.520
<v Speaker 2>change the world and the problem. You know, I never

1:03:34.640 --> 1:03:39.880
<v Speaker 2>understood like until recently, shot to MG the mortgage guy.

1:03:40.000 --> 1:03:40.400
<v Speaker 6>He uh.

1:03:40.680 --> 1:03:42.760
<v Speaker 2>He enlightened me on a lot of different things, like

1:03:43.640 --> 1:03:46.480
<v Speaker 2>you can only put so much information in a podcast.

1:03:46.600 --> 1:03:49.600
<v Speaker 2>It's just a fact. This is why education is still important.

1:03:49.640 --> 1:03:51.960
<v Speaker 2>I'm not anti college like people think I'm anti college

1:03:51.960 --> 1:03:53.680
<v Speaker 2>because I always talk bad about college.

1:03:53.840 --> 1:03:55.600
<v Speaker 4>I'm not about college all the time.

1:03:55.720 --> 1:03:57.040
<v Speaker 2>I just feel like a lot of it's just the way,

1:03:57.120 --> 1:03:59.400
<v Speaker 2>not even college so much, but it's just education period.

1:03:59.480 --> 1:03:59.760
<v Speaker 3>Education.

1:04:00.000 --> 1:04:02.720
<v Speaker 6>I'm not I'm not anti college.

1:04:03.120 --> 1:04:06.640
<v Speaker 2>I have a college degree, but I just feel that

1:04:07.280 --> 1:04:07.880
<v Speaker 2>say that again.

1:04:07.960 --> 1:04:09.720
<v Speaker 6>Man, know everybody know I have a college.

1:04:09.760 --> 1:04:12.120
<v Speaker 4>I'm saying, like I didn't know that, bro, Yeah, I

1:04:12.120 --> 1:04:13.280
<v Speaker 4>have people.

1:04:13.360 --> 1:04:15.160
<v Speaker 6>You know, I went to Hawaii play basketball.

1:04:15.280 --> 1:04:15.840
<v Speaker 3>I forgot you.

1:04:16.520 --> 1:04:19.320
<v Speaker 4>I thought you was like on something.

1:04:19.680 --> 1:04:22.200
<v Speaker 5>People people got that misusception even like today they was

1:04:22.240 --> 1:04:25.400
<v Speaker 5>just like, yo, they know that. I I'm like, you

1:04:25.440 --> 1:04:27.720
<v Speaker 5>went to school to like we both had education as

1:04:27.720 --> 1:04:30.360
<v Speaker 5>a background for us foundation.

1:04:30.480 --> 1:04:31.520
<v Speaker 6>I finished in three years.

1:04:31.920 --> 1:04:32.120
<v Speaker 8>Bro.

1:04:32.240 --> 1:04:36.920
<v Speaker 4>I keep telling y'all, listen, I'm not a financial.

1:04:38.240 --> 1:04:39.920
<v Speaker 8>He could take you the glory man.

1:04:41.600 --> 1:04:43.480
<v Speaker 6>But with Mickey Fact shout out to Mickey Fast is

1:04:43.480 --> 1:04:44.200
<v Speaker 6>one of my favorite.

1:04:46.080 --> 1:04:47.080
<v Speaker 8>Yeah, that's hard.

1:04:47.160 --> 1:04:48.880
<v Speaker 2>When he came on and he spent the freestyle for

1:04:48.960 --> 1:04:52.440
<v Speaker 2>us and he said, formal education will get you a portion,

1:04:52.560 --> 1:04:55.760
<v Speaker 2>but self education will make you a fortune. And that's

1:04:55.840 --> 1:04:58.040
<v Speaker 2>my life. Like, if I had to rely on my

1:04:58.080 --> 1:05:00.960
<v Speaker 2>college degree right now, be in trouble. Just honestly speaking,

1:05:01.240 --> 1:05:03.840
<v Speaker 2>I'll be in trouble. So it's the things that I

1:05:03.960 --> 1:05:08.240
<v Speaker 2>learned outside of college, including earn Alesia. Like just in

1:05:08.280 --> 1:05:10.200
<v Speaker 2>the last twelve and eighteen months, Like you know what

1:05:10.200 --> 1:05:13.920
<v Speaker 2>I'm saying, that has literally literally changed the trajectory of

1:05:13.960 --> 1:05:16.720
<v Speaker 2>my not only my life, my son's life and God

1:05:16.760 --> 1:05:20.000
<v Speaker 2>willing his children's lives like you know what I'm saying,

1:05:20.040 --> 1:05:23.960
<v Speaker 2>Like it literally has changed you see, people, it's not

1:05:25.200 --> 1:05:28.120
<v Speaker 2>a facade. If you follow all of us on Instagram,

1:05:28.120 --> 1:05:31.760
<v Speaker 2>you see the growth. That's a fact only through education.

1:05:32.240 --> 1:05:33.800
<v Speaker 2>So it's like when you came to me and you

1:05:33.960 --> 1:05:36.520
<v Speaker 2>was like, yo, bro, let's do something. And we're going

1:05:36.560 --> 1:05:38.200
<v Speaker 2>back and forth. I'm like, let's do a podcast. You're

1:05:38.200 --> 1:05:39.880
<v Speaker 2>going through a podcast, right, You're going to do it.

1:05:41.280 --> 1:05:43.560
<v Speaker 2>And I think the hard part when people get into

1:05:43.600 --> 1:05:46.520
<v Speaker 2>podcast is that you hear information, it becomes overload and

1:05:46.520 --> 1:05:49.240
<v Speaker 2>some people going to act on it. But unfortunately a

1:05:49.240 --> 1:05:52.600
<v Speaker 2>lot of people, it's just it's just not enough, like

1:05:52.720 --> 1:05:54.600
<v Speaker 2>you kind of need. And that's the good thing about

1:05:54.600 --> 1:05:57.080
<v Speaker 2>school is like you need that certain level of like

1:05:57.120 --> 1:05:59.960
<v Speaker 2>a tutor to like walk you through it and here's

1:06:00.080 --> 1:06:03.200
<v Speaker 2>a screen share on the website and show you and

1:06:03.240 --> 1:06:06.920
<v Speaker 2>like how to open an account and like what stock

1:06:07.040 --> 1:06:10.320
<v Speaker 2>to like sometimes you got to hold a person's hand. Unfortunately,

1:06:10.320 --> 1:06:12.919
<v Speaker 2>in one hour, even two hours, it's just not enough

1:06:12.920 --> 1:06:14.680
<v Speaker 2>time to do that. So we're like, how do we

1:06:14.680 --> 1:06:16.320
<v Speaker 2>do this? So he was going back and forth and

1:06:16.920 --> 1:06:18.520
<v Speaker 2>this is the first time ever earn your lead in

1:06:18.600 --> 1:06:21.600
<v Speaker 2>history where we actually collaborated with somebody and put together.

1:06:21.600 --> 1:06:23.400
<v Speaker 2>I don't even want to call it a curriculum. I

1:06:23.440 --> 1:06:26.560
<v Speaker 2>don't want to call it a program. It's really a manual. Yeah,

1:06:26.920 --> 1:06:31.720
<v Speaker 2>we put together a manual for generational wealth, for generational

1:06:31.720 --> 1:06:35.680
<v Speaker 2>wealth called the Family Pack. And it was just like

1:06:35.760 --> 1:06:39.560
<v Speaker 2>the idea was just crazy. And it's like you was like, yo,

1:06:39.600 --> 1:06:43.880
<v Speaker 2>I need you on it too, like as an advice,

1:06:43.960 --> 1:06:45.480
<v Speaker 2>I need you on it. So I'm like, all right,

1:06:45.560 --> 1:06:50.000
<v Speaker 2>So we talk about dividends, you talk about reach. You'd

1:06:50.000 --> 1:06:54.680
<v Speaker 2>give them like five growth stocks. To pick mutual funds,

1:06:54.680 --> 1:06:56.440
<v Speaker 2>I break down a mutual fund play because a lot

1:06:56.440 --> 1:06:59.000
<v Speaker 2>of times people have the wrong misconceptions about mutual funds.

1:06:59.000 --> 1:07:01.120
<v Speaker 2>But you can actually make a lot of money on

1:07:01.160 --> 1:07:02.200
<v Speaker 2>the right mutual funds.

1:07:02.560 --> 1:07:03.640
<v Speaker 6>Sometimes you don't even have.

1:07:03.600 --> 1:07:06.000
<v Speaker 2>To pay the knock on mutual funds that you pay

1:07:06.000 --> 1:07:07.480
<v Speaker 2>a lot of money, but sometimes you don't have to

1:07:07.520 --> 1:07:09.560
<v Speaker 2>pay that. If you know what you're doing, you get

1:07:09.640 --> 1:07:11.520
<v Speaker 2>no load fund. And there's things that nation and we

1:07:11.560 --> 1:07:13.760
<v Speaker 2>want you broke that down, broke down index fund, broke

1:07:13.760 --> 1:07:17.200
<v Speaker 2>down five to twenty nine plans, Please our plans is

1:07:17.240 --> 1:07:19.479
<v Speaker 2>crazy because it's like, poke about five to twenty nine plans.

1:07:19.520 --> 1:07:22.560
<v Speaker 2>But it's like you know, there's like thirty something states

1:07:22.560 --> 1:07:25.240
<v Speaker 2>where you can actually get a tax benefit, but then

1:07:25.240 --> 1:07:26.160
<v Speaker 2>it's like six states.

1:07:26.200 --> 1:07:27.280
<v Speaker 6>But those thirty states, you.

1:07:27.240 --> 1:07:29.840
<v Speaker 2>Have to actually live in that state, and the five

1:07:29.880 --> 1:07:31.600
<v Speaker 2>to twenty nine plan has to be in that state.

1:07:31.840 --> 1:07:33.680
<v Speaker 2>But then it's like six states where you can actually

1:07:33.680 --> 1:07:36.920
<v Speaker 2>invest in anybody's state five to twenty nine plan and

1:07:36.960 --> 1:07:39.200
<v Speaker 2>you can still get a tax break. So it's just

1:07:39.240 --> 1:07:42.680
<v Speaker 2>like it's just always so many different levels of onions

1:07:42.720 --> 1:07:43.360
<v Speaker 2>to peel back.

1:07:43.400 --> 1:07:46.040
<v Speaker 6>And then we went over to trust, Yes, and we

1:07:46.120 --> 1:07:46.480
<v Speaker 6>broke that.

1:07:46.520 --> 1:07:48.760
<v Speaker 2>It's the first time ever I broke down life insurance

1:07:48.800 --> 1:07:52.640
<v Speaker 2>and actually like showed somebody like how I look at

1:07:52.680 --> 1:07:55.200
<v Speaker 2>it as an advisor, like the access that I'm privy to,

1:07:56.200 --> 1:07:58.520
<v Speaker 2>which is like you don't have that as a regular person, Like,

1:07:58.560 --> 1:08:00.360
<v Speaker 2>and I kind of like went through that, and I

1:08:00.400 --> 1:08:03.400
<v Speaker 2>broke down the Dynasty Trust, and the Dynasty Trust.

1:08:03.640 --> 1:08:09.200
<v Speaker 4>Gonna keep going.

1:08:09.240 --> 1:08:09.920
<v Speaker 6>It was the whole thing.

1:08:09.960 --> 1:08:10.160
<v Speaker 7>Man.

1:08:10.200 --> 1:08:13.920
<v Speaker 2>It was like we actually gave the formula and different

1:08:14.560 --> 1:08:17.720
<v Speaker 2>how to make your child a millionaire guarantee the investments,

1:08:17.720 --> 1:08:19.840
<v Speaker 2>and it was like that alone took like a half

1:08:19.880 --> 1:08:22.080
<v Speaker 2>an hour to actually explain. It's like it's like a

1:08:22.120 --> 1:08:25.960
<v Speaker 2>whole thing, but it's just something like I said, it's

1:08:26.000 --> 1:08:28.680
<v Speaker 2>like if we put that like, we would have to

1:08:28.720 --> 1:08:30.920
<v Speaker 2>literally do ten podcasts and you.

1:08:30.920 --> 1:08:32.719
<v Speaker 3>Still might miss something whole season.

1:08:33.040 --> 1:08:35.479
<v Speaker 2>I'm saying that nobody's really gonna sit for ten podcasts

1:08:35.560 --> 1:08:38.040
<v Speaker 2>that have to be like his own, the Wall Street

1:08:38.040 --> 1:08:43.320
<v Speaker 2>Trapper or your Lisha show. So talk about talk about

1:08:43.800 --> 1:08:45.000
<v Speaker 2>talk about the family pack.

1:08:45.720 --> 1:08:47.760
<v Speaker 7>So for me, you know, the reason why I really

1:08:47.800 --> 1:08:50.120
<v Speaker 7>came you with the idea is you know, this last

1:08:50.200 --> 1:08:52.680
<v Speaker 7>year it was a lot of growth for me, and

1:08:52.960 --> 1:08:55.800
<v Speaker 7>I realized that, Yo, like I can talk about a

1:08:55.800 --> 1:09:01.000
<v Speaker 7>lot of stuff because it's it's you. As you start

1:09:01.080 --> 1:09:04.400
<v Speaker 7>learning more knowledge, you start seeking more knowledge, right, And

1:09:04.439 --> 1:09:08.000
<v Speaker 7>I realized how knowledgeable you were, and we was having

1:09:08.080 --> 1:09:11.320
<v Speaker 7>dual conversations. So for me, it was like, bro, like

1:09:11.320 --> 1:09:14.519
<v Speaker 7>like we can change something, but we're gonna have to

1:09:14.560 --> 1:09:15.280
<v Speaker 7>walk them through it.

1:09:15.880 --> 1:09:18.240
<v Speaker 2>Yeah, that was like we gotta we gotta have to

1:09:18.400 --> 1:09:20.439
<v Speaker 2>walk because you like, yo, they still not getting it,

1:09:20.920 --> 1:09:22.800
<v Speaker 2>Like they're still not getting it, and like people come

1:09:22.880 --> 1:09:23.320
<v Speaker 2>up to me.

1:09:23.640 --> 1:09:24.920
<v Speaker 6>They still don't get it.

1:09:24.960 --> 1:09:28.559
<v Speaker 2>Bro, Like we literally have to walk there, hold their

1:09:28.600 --> 1:09:30.000
<v Speaker 2>hands and walk them through this.

1:09:30.160 --> 1:09:30.880
<v Speaker 3>And that's okay.

1:09:31.040 --> 1:09:31.599
<v Speaker 6>Now it's okay.

1:09:31.880 --> 1:09:33.280
<v Speaker 4>And the reason why it's okay.

1:09:33.439 --> 1:09:37.000
<v Speaker 7>And I see people get frustrated all the time, Like

1:09:37.080 --> 1:09:39.000
<v Speaker 7>I see people on Instagram saying.

1:09:38.760 --> 1:09:41.160
<v Speaker 4>Stuff like I told you this, why are you doing?

1:09:41.280 --> 1:09:44.240
<v Speaker 7>I'm like, yo, you're an educator, like everybody sitting in

1:09:44.240 --> 1:09:46.599
<v Speaker 7>the class learn different, you know what I'm saying.

1:09:46.680 --> 1:09:49.200
<v Speaker 4>So I was like, we gotta walk them through it.

1:09:49.479 --> 1:09:52.519
<v Speaker 7>One is because you don't know what You don't know

1:09:53.080 --> 1:09:56.479
<v Speaker 7>until you exposed to it, right. I remember my first

1:09:56.479 --> 1:10:00.759
<v Speaker 7>time cooking up bro I burned it the wall turn brown.

1:10:01.439 --> 1:10:03.880
<v Speaker 7>I had to call my at and she had to

1:10:03.960 --> 1:10:06.320
<v Speaker 7>like show me what I was doing.

1:10:06.880 --> 1:10:07.600
<v Speaker 4>But she played me.

1:10:07.600 --> 1:10:09.720
<v Speaker 7>Because she took a lot of you know, she she

1:10:09.840 --> 1:10:11.680
<v Speaker 7>took the shake.

1:10:11.479 --> 1:10:11.920
<v Speaker 4>Out of it.

1:10:12.960 --> 1:10:17.400
<v Speaker 7>She charged me for it, and she played me. And

1:10:17.439 --> 1:10:19.240
<v Speaker 7>by the time I got what she left me with,

1:10:19.360 --> 1:10:22.040
<v Speaker 7>it was just enough to get another package. But because

1:10:22.040 --> 1:10:24.120
<v Speaker 7>she walked me through it, I ain't need none more.

1:10:24.640 --> 1:10:26.600
<v Speaker 7>So I was a l I took, but it was

1:10:26.640 --> 1:10:28.760
<v Speaker 7>a learning lesson, you feel what I'm saying.

1:10:28.920 --> 1:10:30.080
<v Speaker 4>So for me, I feel like.

1:10:31.560 --> 1:10:37.640
<v Speaker 7>Over the last year, we've made financial literacy, investing in

1:10:37.640 --> 1:10:40.439
<v Speaker 7>the stock market and all the great that breakdowns that

1:10:40.520 --> 1:10:44.040
<v Speaker 7>y'all do every Tuesday and every Monday.

1:10:44.680 --> 1:10:46.600
<v Speaker 4>We've now piqued people's interests.

1:10:46.840 --> 1:10:51.080
<v Speaker 7>People understand now, especially with this pandemic, they like, yo,

1:10:51.080 --> 1:10:54.439
<v Speaker 7>I gotta do something else, and they want to do it.

1:10:54.720 --> 1:10:58.080
<v Speaker 7>That's the great thing we've now made it say, because

1:10:58.080 --> 1:11:00.160
<v Speaker 7>I remember me coming up telling y'all, I'm telling my

1:11:00.160 --> 1:11:02.479
<v Speaker 7>partners about it and they're like, bro, I'm not doing that.

1:11:02.520 --> 1:11:05.040
<v Speaker 4>Bro, you tripping right, And here we are a year later.

1:11:05.200 --> 1:11:07.400
<v Speaker 7>My partner is now like, bro, I just bought some

1:11:07.479 --> 1:11:10.160
<v Speaker 7>apple and people don't know, like, trap.

1:11:09.920 --> 1:11:13.080
<v Speaker 4>You changed my life because this write the common chasing change.

1:11:13.080 --> 1:11:16.400
<v Speaker 7>Because we've been beating it, like we ain't stopping Market

1:11:16.439 --> 1:11:21.560
<v Speaker 7>Monday Trapping Toody podcast, Market Monday Trapping Toody podcast.

1:11:21.640 --> 1:11:22.640
<v Speaker 3>This we consistent.

1:11:22.720 --> 1:11:25.519
<v Speaker 7>So now it's like we've peaked the interest and now

1:11:25.640 --> 1:11:27.680
<v Speaker 7>people are like, all right, I want to do it,

1:11:27.720 --> 1:11:28.519
<v Speaker 7>but I don't know what to do.

1:11:28.600 --> 1:11:28.920
<v Speaker 3>Alright.

1:11:28.960 --> 1:11:29.200
<v Speaker 2>Cool.

1:11:29.400 --> 1:11:31.799
<v Speaker 7>That's what this wealth pack is about. It's about saying, Okay,

1:11:33.439 --> 1:11:38.040
<v Speaker 7>I made the mistakes for you. Hopefully, hopefully you don't

1:11:38.080 --> 1:11:38.479
<v Speaker 7>have to do.

1:11:38.479 --> 1:11:38.760
<v Speaker 8>With you that.

1:11:38.880 --> 1:11:40.680
<v Speaker 4>Butha'm gonna make sure you ain't gonna do it.

1:11:40.760 --> 1:11:42.479
<v Speaker 7>See, if I just tell it to you, you're still

1:11:42.520 --> 1:11:45.839
<v Speaker 7>liable to make the mistakes because you're trying to replay

1:11:45.880 --> 1:11:49.160
<v Speaker 7>what I said, and it's gonna you know, you ain't

1:11:49.160 --> 1:11:51.560
<v Speaker 7>really getting it. I can tell you watch out for

1:11:51.600 --> 1:11:54.160
<v Speaker 7>that whole, but it's so many other things going on,

1:11:54.439 --> 1:11:55.160
<v Speaker 7>you still.

1:11:54.920 --> 1:11:55.519
<v Speaker 4>Fall in the whole.

1:11:55.840 --> 1:11:57.679
<v Speaker 7>But now if I grab your hand and say look,

1:11:57.680 --> 1:12:00.000
<v Speaker 7>we're gonna step over this whole, and I got your hand,

1:12:00.360 --> 1:12:02.920
<v Speaker 7>You're like, okay, let me step over the whole. Right,

1:12:02.960 --> 1:12:05.040
<v Speaker 7>So it's important. It was important for me to say,

1:12:05.400 --> 1:12:09.800
<v Speaker 7>let's shift gives. Let's not just tell them, let's lead them.

1:12:09.840 --> 1:12:13.200
<v Speaker 5>And what makes it so impressive is that you know,

1:12:13.280 --> 1:12:16.240
<v Speaker 5>most times people, you know, they take programs, they take

1:12:16.280 --> 1:12:16.799
<v Speaker 5>cause it's.

1:12:16.680 --> 1:12:18.760
<v Speaker 3>Really about themselves. But this ain't.

1:12:18.800 --> 1:12:21.240
<v Speaker 5>This is about you, but it's about your family. And like,

1:12:21.280 --> 1:12:23.800
<v Speaker 5>who doesn't want to set up that family lug, you

1:12:23.840 --> 1:12:25.000
<v Speaker 5>know what I'm saying. Who doesn't want to be the

1:12:25.040 --> 1:12:28.000
<v Speaker 5>plug to create generational themselves.

1:12:28.000 --> 1:12:30.960
<v Speaker 2>It's the most selfless act you can give. I mean,

1:12:31.160 --> 1:12:33.439
<v Speaker 2>it's not even no more than we can actually even

1:12:33.439 --> 1:12:35.000
<v Speaker 2>say about it. I just feel like it's just a

1:12:35.040 --> 1:12:36.960
<v Speaker 2>really proud thing that we're proud of. That that's the

1:12:37.040 --> 1:12:40.599
<v Speaker 2>parting with you as our first product, that we actually

1:12:40.640 --> 1:12:44.559
<v Speaker 2>are part of that magically you know, performed.

1:12:44.000 --> 1:12:49.080
<v Speaker 7>On I feel like a artist directed.

1:12:52.560 --> 1:12:56.800
<v Speaker 6>Its purple taste. Ghost face on the Purple tape. So

1:12:56.840 --> 1:12:58.200
<v Speaker 6>you don't let say that.

1:12:58.160 --> 1:13:01.519
<v Speaker 7>I'm gonna say, you don't let that hear you say

1:13:01.560 --> 1:13:05.040
<v Speaker 7>that ghost Faseline because he's capped down. He said, I'm

1:13:05.080 --> 1:13:06.400
<v Speaker 7>still trying to figure out how you came up with

1:13:06.560 --> 1:13:09.240
<v Speaker 7>I don't even know. That's another story. That's a whole

1:13:09.320 --> 1:13:10.160
<v Speaker 7>nother podcast.

1:13:10.560 --> 1:13:12.840
<v Speaker 2>So being that, you know, it's the holiday season, right

1:13:13.280 --> 1:13:16.080
<v Speaker 2>and we in the Black Friday vibe, We're not even

1:13:16.120 --> 1:13:18.840
<v Speaker 2>gonna wait till Black everybody dropping their situation on Black Friday.

1:13:18.840 --> 1:13:21.680
<v Speaker 2>Were literally gonna drop this right now. And you know,

1:13:21.720 --> 1:13:26.599
<v Speaker 2>you was like, you know what, Trappers earnest United United

1:13:26.680 --> 1:13:30.040
<v Speaker 2>Front Family. So we was going to do fifty percent off,

1:13:30.400 --> 1:13:32.680
<v Speaker 2>fifty per off of but you're like, you know what,

1:13:32.800 --> 1:13:35.040
<v Speaker 2>let's just do something like a little even crazier. Let's

1:13:35.040 --> 1:13:37.240
<v Speaker 2>do seventy five percent off for the first two hundred

1:13:37.240 --> 1:13:39.960
<v Speaker 2>people out of the love, and then after that it

1:13:40.040 --> 1:13:43.200
<v Speaker 2>can go to fifty percent. So the first two hundred

1:13:43.280 --> 1:13:47.519
<v Speaker 2>people that are interested in investing in themselves, guaranteeing at

1:13:47.520 --> 1:13:49.880
<v Speaker 2>that child becomes a millionaire and just building generation.

1:13:49.800 --> 1:13:51.400
<v Speaker 3>Again, guaranteed.

1:13:51.479 --> 1:13:53.920
<v Speaker 6>Yeah, guarantee. That's the fact. Now we stay, we're gonna

1:13:53.920 --> 1:13:55.080
<v Speaker 6>stamp that.

1:13:55.760 --> 1:13:59.880
<v Speaker 7>Nobody in the game, nobody, nobody, never been done. Every

1:14:00.520 --> 1:14:02.400
<v Speaker 7>safe route being is guaranteed.

1:14:02.560 --> 1:14:05.280
<v Speaker 2>People people give you like this is literally this ain't

1:14:05.280 --> 1:14:07.680
<v Speaker 2>for the lazy investor. This is for the This is

1:14:07.720 --> 1:14:10.360
<v Speaker 2>for the diligent person that's willing to really make the

1:14:10.400 --> 1:14:13.080
<v Speaker 2>sacrifices to learn because it's going to be there.

1:14:13.120 --> 1:14:14.240
<v Speaker 6>You just got to actually learn.

1:14:14.280 --> 1:14:16.840
<v Speaker 3>There's no housing it it's like there's no like, how.

1:14:16.760 --> 1:14:17.400
<v Speaker 4>Do I do it?

1:14:17.600 --> 1:14:18.719
<v Speaker 6>No, No, it's it's everything.

1:14:19.160 --> 1:14:22.040
<v Speaker 4>It took the We literally took the guests work out.

1:14:21.880 --> 1:14:22.839
<v Speaker 6>Of the Yeah.

1:14:22.880 --> 1:14:26.679
<v Speaker 2>So the first two hundred people, first come, first serve,

1:14:26.800 --> 1:14:28.720
<v Speaker 2>so please don't email. It's nothing we can do. Once

1:14:28.760 --> 1:14:31.639
<v Speaker 2>it's going, it is. The first two hundred people will

1:14:31.640 --> 1:14:36.360
<v Speaker 2>get seventy five percent off. Seventy five percent off and

1:14:36.360 --> 1:14:39.599
<v Speaker 2>that's dropping right now, literally on Tuesday, and we're gonna

1:14:39.640 --> 1:14:40.679
<v Speaker 2>run it as long as.

1:14:40.600 --> 1:14:43.439
<v Speaker 6>It last, and after that it'll probably go fifty percent off.

1:14:43.720 --> 1:14:45.280
<v Speaker 2>So you're still get a discount, just you know, it's

1:14:45.320 --> 1:14:48.080
<v Speaker 2>just slightly slightly it's still be loved. I mean, fifty

1:14:48.080 --> 1:14:51.360
<v Speaker 2>percent off is still love. So where can they find

1:14:51.360 --> 1:14:54.080
<v Speaker 2>that try? I know it'll be on our website, Lisia

1:14:54.160 --> 1:14:56.599
<v Speaker 2>dot com. We'll have it on the alumni tab. We'll

1:14:56.640 --> 1:14:58.400
<v Speaker 2>have it on the red tab on the front. You

1:14:58.479 --> 1:14:59.880
<v Speaker 2>just go there, but they can also click the link.

1:15:00.040 --> 1:15:00.840
<v Speaker 2>Your body all believe too.

1:15:00.960 --> 1:15:02.680
<v Speaker 7>Yeah, ye, yeah, So I'm gonna set it up, you know,

1:15:02.920 --> 1:15:07.000
<v Speaker 7>my trap house, like the call the Man. I already know, man,

1:15:07.040 --> 1:15:08.479
<v Speaker 7>So yeah, you know we're gonna have it on my

1:15:09.120 --> 1:15:11.120
<v Speaker 7>link to I'm gonna put it up there.

1:15:11.200 --> 1:15:13.240
<v Speaker 4>Man. You know, I ain't even gonna lie, man.

1:15:13.200 --> 1:15:16.880
<v Speaker 7>Like, I feel like this is like some of my

1:15:17.000 --> 1:15:20.720
<v Speaker 7>best work because I learned so much, you know what

1:15:20.760 --> 1:15:24.200
<v Speaker 7>I'm saying. And for me, I'm a learning machine. But

1:15:24.240 --> 1:15:27.080
<v Speaker 7>I'm not just a learner, like I'm the person who

1:15:27.120 --> 1:15:28.920
<v Speaker 7>go ahead first and figure it out.

1:15:29.000 --> 1:15:30.920
<v Speaker 4>I won't get burnt, I won't, you know what I'm saying.

1:15:30.920 --> 1:15:32.720
<v Speaker 7>It's kind of like I won't make the mistakes so

1:15:32.800 --> 1:15:34.519
<v Speaker 7>I can learn from it, because I when I don't

1:15:34.520 --> 1:15:37.559
<v Speaker 7>make no mistakes, I'm missing something through it.

1:15:37.600 --> 1:15:39.160
<v Speaker 3>So you won't do it, you know what I'm saying.

1:15:39.200 --> 1:15:40.880
<v Speaker 7>So I feel like, you know, it was great for

1:15:41.320 --> 1:15:43.840
<v Speaker 7>all of us to get together because I know for

1:15:43.880 --> 1:15:46.920
<v Speaker 7>sure that it wasn't about how much money we can make.

1:15:47.800 --> 1:15:48.599
<v Speaker 4>I know for sure.

1:15:48.600 --> 1:15:53.160
<v Speaker 7>It was about bro the culture needed, the world need us,

1:15:54.200 --> 1:15:56.720
<v Speaker 7>Our people need us, you know what I'm saying. So

1:15:57.120 --> 1:15:59.760
<v Speaker 7>who else they're relating to? A better than Wall Street

1:15:59.800 --> 1:16:00.759
<v Speaker 7>chap or you leegion.

1:16:01.000 --> 1:16:02.599
<v Speaker 6>That's the fact, Troy. What's the website?

1:16:02.720 --> 1:16:05.640
<v Speaker 5>Yeah, so it's trapping with eyl dot com. That's t

1:16:05.920 --> 1:16:10.120
<v Speaker 5>R A P P I N with gott. I gotta

1:16:10.160 --> 1:16:12.439
<v Speaker 5>get you in there with eyl dot com. You know

1:16:12.439 --> 1:16:14.200
<v Speaker 5>how we play it. Don't wait, don't hesitate, man, two

1:16:14.280 --> 1:16:15.760
<v Speaker 5>hundred people get over there.

1:16:15.800 --> 1:16:17.240
<v Speaker 2>So you can click the link in our bio. You

1:16:17.240 --> 1:16:18.920
<v Speaker 2>can click the link and travels bio, or you can

1:16:18.960 --> 1:16:22.679
<v Speaker 2>go to the website direct. Trap always a pleasure, my brother.

1:16:22.720 --> 1:16:24.240
<v Speaker 2>What would you like to tell the people before you

1:16:24.280 --> 1:16:24.679
<v Speaker 2>head out?

1:16:25.120 --> 1:16:25.320
<v Speaker 4>Man?

1:16:25.360 --> 1:16:27.360
<v Speaker 7>This is the sort of most important thing for us

1:16:27.400 --> 1:16:32.240
<v Speaker 7>to do is man, solidify the generations behind us. We

1:16:32.320 --> 1:16:36.000
<v Speaker 7>do that by educating ourselves. Now, if we don't educate ourselves,

1:16:36.040 --> 1:16:38.040
<v Speaker 7>we can't say nobody right.

1:16:38.080 --> 1:16:38.840
<v Speaker 4>So I think it's.

1:16:38.720 --> 1:16:41.320
<v Speaker 7>Important that we put the next generation in play, because

1:16:41.320 --> 1:16:42.599
<v Speaker 7>ain't nobody gonna save us?

1:16:42.600 --> 1:16:42.800
<v Speaker 4>Man?

1:16:43.400 --> 1:16:45.600
<v Speaker 7>Something I always say, Man, if you allowed them to

1:16:45.640 --> 1:16:48.840
<v Speaker 7>feed you, you get them permission to starve you. And

1:16:48.880 --> 1:16:52.360
<v Speaker 7>with this right here, you ain't giving nobody permission to

1:16:52.400 --> 1:16:53.240
<v Speaker 7>start your family.

1:16:53.439 --> 1:16:55.479
<v Speaker 6>That's the fact Troy Housekeeping item.

1:16:55.520 --> 1:16:55.680
<v Speaker 3>Yeah.

1:16:55.680 --> 1:16:57.640
<v Speaker 5>Shout out to everybody on Patreon dot com. Y'all know

1:16:57.640 --> 1:17:00.760
<v Speaker 5>that's our product to pay program. Obviously, the top tier

1:17:01.040 --> 1:17:03.839
<v Speaker 5>tier level five, y'all get access to e y L University,

1:17:03.880 --> 1:17:06.680
<v Speaker 5>the number one school for business, finance and entrepreneurism in

1:17:06.720 --> 1:17:07.320
<v Speaker 5>the world.

1:17:07.920 --> 1:17:09.479
<v Speaker 3>So shout out to older earners. That's part of that.

1:17:09.800 --> 1:17:12.080
<v Speaker 5>And shout out to everybody that has been supporting the

1:17:12.280 --> 1:17:16.720
<v Speaker 5>brand new merch It's off to a great start. We

1:17:16.800 --> 1:17:19.280
<v Speaker 5>still running a discount on that, so go ahead and

1:17:19.320 --> 1:17:23.920
<v Speaker 5>get your stuff. Earners, go grab the items that exclusively

1:17:24.080 --> 1:17:26.400
<v Speaker 5>to you, and shout out to our collaborations. Man that

1:17:26.400 --> 1:17:28.559
<v Speaker 5>that that that tide I joint went crazy.

1:17:28.600 --> 1:17:31.680
<v Speaker 4>That was crazy. I'm still waiting on mine.

1:17:32.080 --> 1:17:34.040
<v Speaker 5>Shout out to the merch team too, man, Shout the Bam,

1:17:34.080 --> 1:17:36.040
<v Speaker 5>shout the Smithy out in Atlanta.

1:17:36.080 --> 1:17:39.040
<v Speaker 6>Shout to mic Yeah, so don't forget man, all merch too.

1:17:39.080 --> 1:17:41.519
<v Speaker 2>So hit the merch store and we extended the fifty

1:17:41.880 --> 1:17:44.880
<v Speaker 2>ey L code as well EYO fifty for both the

1:17:44.920 --> 1:17:47.840
<v Speaker 2>merch and Eyo University as well, So make sure you

1:17:47.920 --> 1:17:50.880
<v Speaker 2>tap in with that good day, good people, or good

1:17:51.000 --> 1:17:53.720
<v Speaker 2>night wherever you are in the world. It's been a

1:17:53.760 --> 1:17:56.720
<v Speaker 2>pleasure as always, and thank you guys for rocking with us.

1:17:56.760 --> 1:17:57.840
<v Speaker 6>We'll see you next week.

1:17:58.320 --> 1:18:01.360
<v Speaker 3>Big Trap Fee.

1:18:04.040 --> 1:18:07.719
<v Speaker 9>An illegal alien from Guatemala charged with raping a child

1:18:07.720 --> 1:18:11.520
<v Speaker 9>in Massachusetts. An MS thirteen gang member from Al Salvador

1:18:11.760 --> 1:18:15.920
<v Speaker 9>accused of murdering a Texas man of Venezuelan charged with

1:18:15.960 --> 1:18:19.880
<v Speaker 9>filming and selling child pornography in Michigan. These are just

1:18:19.960 --> 1:18:23.679
<v Speaker 9>some of the heinous migrant criminals caught because of President

1:18:23.760 --> 1:18:27.360
<v Speaker 9>Donald J. Trump's leadership. I'm Christy nom the United States

1:18:27.360 --> 1:18:32.160
<v Speaker 9>Secretary of Homeland Security. Under President Trump, attempted illegal border

1:18:32.200 --> 1:18:35.760
<v Speaker 9>crossings are at the lowest levels ever recorded, and over

1:18:35.800 --> 1:18:39.040
<v Speaker 9>one hundred thousand illegal aliens have been arrested. If you

1:18:39.080 --> 1:18:42.960
<v Speaker 9>are here illegally, your next you will be fine nearly

1:18:43.040 --> 1:18:47.040
<v Speaker 9>one thousand dollars a day, imprisoned and deported, you will

1:18:47.080 --> 1:18:50.720
<v Speaker 9>never return. But if you register using our CBP home

1:18:50.760 --> 1:18:54.160
<v Speaker 9>app and leave now, you could be allowed to return legally.

1:18:54.520 --> 1:18:59.240
<v Speaker 9>Do what's right. Leave now. Under President Trump America's laws,

1:18:59.439 --> 1:19:00.840
<v Speaker 9>border and families

1:19:01.040 --> 1:19:03.439
<v Speaker 4>Will be Protected sponsored by the United States Department of

1:19:03.479 --> 1:19:04.120
<v Speaker 4>Homeland Security,