Speaker 1: An illegal alien from Guatemala charged with raping a child
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Speaker 2: Sponsored by the United States Department of Homeland Security. When
Speaker 2: I wrote this book, The Wealth Cure, it was like, Okay,
Speaker 2: how do we cure the racial wealth gap?
Speaker 3: Right?
Speaker 2: This came out ten years ago and the whole thing
Speaker 2: was okay. Technology wasn't there to scale impact the way
Speaker 2: it is today. The technology is here now we don't
Speaker 2: it's decentralized. We don't have to go through any centralized
Speaker 2: institution to actually do the things. Because back then I
Speaker 2: was talking about, Okay, you know you got to set
Speaker 2: up well, first of all, here's an old school ledger.
Speaker 2: You know, this is doing your whole budget I had
Speaker 2: January February. You know, you don't need any of that anymore, right,
Speaker 2: But at the end of the day, I was talking
Speaker 2: about how you use the systems that have been in
Speaker 2: place for all these years to build cross generational wealth
Speaker 2: in our community. And I was using an analogy because
Speaker 2: I've been diagnosed with cancer. Your health is your wealth,
Speaker 2: So therefore, what are your own wealth factors? What can
Speaker 2: you do? What's different today is that you don't need
Speaker 2: to go through all of these traditional historic institutions to
Speaker 2: create cross generational wealth and so therefore, and that's that's
Speaker 2: what's flipped, the decentralization of your ability to navigate and
Speaker 2: move using technology to build and create cross generational wealth
Speaker 2: down the line. And so I would I would update
Speaker 2: so much and then with letters to a young brother,
Speaker 2: you know, I would talk. And let's saying, sister, you
Speaker 2: know they need to start early early. You know, my
Speaker 2: son's five, and I got here to talk about bitcoin,
Speaker 2: bitcoin bitcoin, why because there's the old school rule in
Speaker 2: and I know you talk about it. You know the
Speaker 2: time value of money, right, you know, time in the
Speaker 2: market is better than trying to time the market, all
Speaker 2: of those things being in longer. We can start our babies,
Speaker 2: our young people early on, and they can start themselves
Speaker 2: early early, right, And so that's powerful. You know, that's
Speaker 2: probably if you start, if you take a young cat,
Speaker 2: start dollar cost averaging five dollars a day. I don't
Speaker 2: care if it's in a dividend paying stop, I don't
Speaker 2: care if it's in bitcoin. It does really matter if
Speaker 2: you just start doing it, set it, and forget it
Speaker 2: at thirteen years old, forget about it, right, And that
Speaker 2: to me is the opportunity that's there. And that's why
Speaker 2: on our platform we have this whole dollar cost averaging
Speaker 2: thing that we're lounging next week because we want people
Speaker 2: to be able to literally go into the app, literally
Speaker 2: not have to think about it anymore. So go in,
Speaker 2: hit it. Once you get in there, go in. You'll
Speaker 2: be able to hit a button. It says five dollars
Speaker 2: a day, Boom, do your buy and then you never
Speaker 2: even have to think about it again.
Speaker 4: And then your automation is better to motivate.
Speaker 2: Automation is better than you have to think every day,
Speaker 2: check pricing every day. Go live your life, love on
Speaker 2: your love on your loved ones, and let the technology
Speaker 2: do your investing and do your work.
Speaker 3: So let's talk about this dollar cost averaging. You're extremely
Speaker 3: big on dollar cost averaging.
Speaker 2: Yeah, I'm big on it.
Speaker 3: Yes, you said something before when you went to a
Speaker 3: town in like Alabama or something like that, you met
Speaker 3: with the mayor and you said, every if they put
Speaker 3: in five dollars a day, what was that conversation you
Speaker 3: had with us, we're.
Speaker 2: Gonna build, We're gonna be they had if there were.
Speaker 2: It was Tennessee, and the mayor was very big in crypto,
Speaker 2: sat down, took a meeting, and the way we realized,
Speaker 2: we broke it down. If we took thirty thousand people
Speaker 2: in their town and we got them dollar cost averaging
Speaker 2: five dollars a day, we're gonna be able to build
Speaker 2: over seventy five million dollars in wealth in that small town.
Speaker 2: In within five years seventy five million for that community,
Speaker 2: and we can do the exact same thing wherever we go. Again.
Speaker 2: It's getting back into the habit. It's about a mindset shift,
Speaker 2: and it's about getting out of the Robin Hood mentality.
Speaker 2: Robinhood is robbing the hood y'all. I mean, this is
Speaker 2: this is real because Robinhood is trying to encourage you
Speaker 2: to be a trader, and I'm my whole thing is,
Speaker 2: I don't want you to be a trader unless that's
Speaker 2: what you really want to do, and you really even.
Speaker 4: If they want to do it, it pays more to be
Speaker 4: and our trade for a living, long term investment pays
Speaker 4: a multiple way higher way. I mean to cut you
Speaker 4: off after China, No.
Speaker 2: I hear you. I mean listen, if you want to
Speaker 2: have those three screens up and be like Ian and
Speaker 2: moving money.
Speaker 4: But that's why I tell everyone, and that's eighty percent
Speaker 4: of your money and then you never have to worry
Speaker 4: about that you're getting at the right spot or losing
Speaker 4: a bunch of money when you could have had the
Speaker 4: money working for you.
Speaker 2: Absolutely, I mean, let's be honest, no matter the most
Speaker 2: valuable thing any of us have, most is our time
Speaker 2: right times most valuable than any crypto is more or
Speaker 2: valuable than any stock. And so if you're gonna have
Speaker 2: to if you're going to spend all your days watching
Speaker 2: price movements and stressing out about it and worrying about this,
Speaker 2: it's better to just dollar cost average day. That's what
Speaker 2: I say, because then you can actually live your life.
Speaker 2: You can go be creative. You don't have to worry,
Speaker 2: and you set it and forget it, let it do
Speaker 2: its work, let us do it thing.
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Speaker 2: Go live your life and do those things. And so
Speaker 2: that's you know. I'm not giving anybody any investment advice.
Speaker 2: Let's be very clear, what I am telling you is
Speaker 2: just what I do. I buy bitcoin every day, I
Speaker 2: buy the same amount every day, and sometimes I'll do
Speaker 2: some smart DCA. So let's talk about what that is.
Speaker 2: You can set up what you want your smart DCA
Speaker 2: to be. A smart DCA would be if you decide, okay,
Speaker 2: you're going to have a set number you're doing daily, weekly,
Speaker 2: or monthly, whatever that number is, and then you say, oh,
Speaker 2: if it moved whenever the asset moves down five percent
Speaker 2: in twenty five period, I'm gonna double down, or I'm
Speaker 2: going to put in X dollars more whatever, or maybe
Speaker 2: you set that number ten percent, maybe you set it too,
Speaker 2: whatever you decide. If it's a downside movement, you go
Speaker 2: in a little heavier. That's what some people call smart DCA.
Speaker 2: But the easiest way to do it, don't even worry
Speaker 2: about that. Set it whatever you can afford on a
Speaker 2: daily basis, weekly basis, monthly basis, whatever you decide and
Speaker 2: let it go and forget about it and then running
Speaker 2: to me or Ian three years from now and you're
Speaker 2: gonna run off and be like, Yo, that DC a thing.
Speaker 3: Come on, man, what do you say to the people
Speaker 3: that's like, all right, hell Harper, uh, you know, superstar actor,
Speaker 3: very successful person. But the person that's struggling day to day.
Speaker 3: They That's the biggest thing I've always hear is like
Speaker 3: I don't have enough money. I don't have enough money
Speaker 3: to invest, especially in something like bitcoin or cryptocurrency, where
Speaker 3: a lot of people still don't fully understand it that
Speaker 3: like this can disappear. What is it? It's not tangible fellas.
Speaker 4: Yeah, you Jay's going going dates, going vacate like for that, I.
Speaker 3: Don't want to hear your philogy. At least you can
Speaker 3: to play Devil's Advocate in you go date. If it's
Speaker 3: a good.
Speaker 4: You're not clapping first date, maybe most are maybe to
Speaker 4: keep it one thousand fifty.
Speaker 2: Okay, I got it. Okay, here we go.
Speaker 4: Our biggest entertainment.
Speaker 2: Hey, our biggest problem, I believe is what in terms
Speaker 2: of you look at our community. We have this thing
Speaker 2: called Mattress money. Right, we have this idea. Ninety to
Speaker 2: ninety five percent of the portfolio asset that we hold
Speaker 2: in our community is in cash. And that's the that's
Speaker 2: the problem. If you look at the wealthiest people in
Speaker 2: the world, ninety to ninety five percent are assets. It's
Speaker 2: not in cash, it's in as sending value asset classes
Speaker 2: like real estate, boot chip stocks, mutual funds, fine art, bitcoin,
Speaker 2: you name it.
Speaker 3: Right.
Speaker 2: We have to get out of cash that's why we
Speaker 2: have we all know people working three jobs that barely
Speaker 2: make ends meet. Why because most their their asset is
Speaker 2: in cash. So every night their head is pillow. They
Speaker 2: wake up the next morning they are poorer because the
Speaker 2: value the person pile of the dollar is going down.
Speaker 2: The twenty two percent of circulating supply was printed last year,
Speaker 2: it's gonna get even worse and worse and worse. So
Speaker 2: the longer we as a black community stay in cash,
Speaker 2: the poorer we will get every day. So my goal
Speaker 2: is to get us out of cash. The least friction way,
Speaker 2: quickest is get you into bitcorn, right, That's why I
Speaker 2: set up the platform, get you into bigcorn. But you
Speaker 2: don't have to stay there. There's so many other places
Speaker 2: to get just we need to get out of the
Speaker 2: US dollar. That is the critical piece, because your hourly
Speaker 2: wage is not keeping up with the inflation or the
Speaker 2: decreasing heart of the dollar. Exactly, we got to get
Speaker 2: out of cash. And so I'm gonna say it's even
Speaker 2: more important if you are in a situation where you're
Speaker 2: living paycheck to paycheck, it's even more important. And that's
Speaker 2: what why I into this argument with these elitist month. Dudes.
Speaker 2: You know brothers coming at You know, I went to
Speaker 2: Harvard Law School, but I'm so I know a lot
Speaker 2: of them. They come out of Harvard and they work
Speaker 2: at JP Morgan and they say, hell, I'm so surprised
Speaker 2: by you. And I say why, brother, And they say,
Speaker 2: you are encouraging our people to get into such a
Speaker 2: volatile asset class. What are you doing? And I say, well,
Speaker 2: how much is your portfolio in bitcoin? Well, that's not
Speaker 2: the point, I said. No. This banker the other day
Speaker 2: told me, well, I don't talk about that publicly, but
Speaker 2: I keep five to ten percent of my portfolio. I say, old,
Speaker 2: how much is that? And he told me the number.
Speaker 2: It's a very significant number. And I say, so it's
Speaker 2: good enough for you, but it's not good enough for them.
Speaker 2: It's elitist and it's bullshit. We have to be honest now.
Speaker 2: It is volatile. That's why you got a cost average
Speaker 2: to take the volatility curve out. I'm not saying put
Speaker 2: all your money in because you may have to pull
Speaker 2: some out tomorrow. I'm saying put in what you're going
Speaker 2: to afford, so the money you don't have to take
Speaker 2: out because if you continue to just live off cash.
Speaker 2: All you're going to see is get poor and poor
Speaker 2: and poor on a daily basis. My graduates from my
Speaker 2: school being forced back drop bag drop, Mike, drop back,
Speaker 2: drop drops.
Speaker 6: Coach, the energy out there felt different. What changed for
Speaker 6: the team today?
Speaker 7: It was the new game day scratches from the California
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Speaker 2: Are you saying it was the off field play that
Speaker 2: made the difference on the field.
Speaker 7: Hey, little play makes your day, and today it made
Speaker 7: the game. That's all for now, Coach, One more question.
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Speaker 2: A little play can make your day.
Speaker 1: Peace made responsibly. It must be eighteen years or older
Speaker 1: to purchase plate or claim