WEBVTT - Cliff Notes: INVEST $5 A DAY INTO BITCOIN

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

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<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

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<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 1>crossings are at the lowest levels ever recorded, and over

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<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 1>are here illegally, your next you will be fined nearly

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<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

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<v Speaker 1>never return. But if you register using our CBP home

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<v Speaker 1>app and leave now, you could be allowed to return legally.

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<v Speaker 1>Do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 1>border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security. When

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<v Speaker 2>I wrote this book, The Wealth Cure, it was like, Okay,

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<v Speaker 2>how do we cure the racial wealth gap?

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<v Speaker 3>Right?

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<v Speaker 2>This came out ten years ago and the whole thing

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<v Speaker 2>was okay. Technology wasn't there to scale impact the way

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<v Speaker 2>it is today. The technology is here now we don't

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<v Speaker 2>it's decentralized. We don't have to go through any centralized

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<v Speaker 2>institution to actually do the things. Because back then I

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<v Speaker 2>was talking about, Okay, you know you got to set

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<v Speaker 2>up well, first of all, here's an old school ledger.

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<v Speaker 2>You know, this is doing your whole budget I had

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<v Speaker 2>January February. You know, you don't need any of that anymore, right,

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<v Speaker 2>But at the end of the day, I was talking

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<v Speaker 2>about how you use the systems that have been in

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<v Speaker 2>place for all these years to build cross generational wealth

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<v Speaker 2>in our community. And I was using an analogy because

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<v Speaker 2>I've been diagnosed with cancer. Your health is your wealth,

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<v Speaker 2>So therefore, what are your own wealth factors? What can

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<v Speaker 2>you do? What's different today is that you don't need

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<v Speaker 2>to go through all of these traditional historic institutions to

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<v Speaker 2>create cross generational wealth and so therefore, and that's that's

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<v Speaker 2>what's flipped, the decentralization of your ability to navigate and

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<v Speaker 2>move using technology to build and create cross generational wealth

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<v Speaker 2>down the line. And so I would I would update

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<v Speaker 2>so much and then with letters to a young brother,

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<v Speaker 2>you know, I would talk. And let's saying, sister, you

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<v Speaker 2>know they need to start early early. You know, my

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<v Speaker 2>son's five, and I got here to talk about bitcoin,

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<v Speaker 2>bitcoin bitcoin, why because there's the old school rule in

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<v Speaker 2>and I know you talk about it. You know the

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<v Speaker 2>time value of money, right, you know, time in the

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<v Speaker 2>market is better than trying to time the market, all

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<v Speaker 2>of those things being in longer. We can start our babies,

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<v Speaker 2>our young people early on, and they can start themselves

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<v Speaker 2>early early, right, And so that's powerful. You know, that's

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<v Speaker 2>probably if you start, if you take a young cat,

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<v Speaker 2>start dollar cost averaging five dollars a day. I don't

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<v Speaker 2>care if it's in a dividend paying stop, I don't

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<v Speaker 2>care if it's in bitcoin. It does really matter if

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<v Speaker 2>you just start doing it, set it, and forget it

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<v Speaker 2>at thirteen years old, forget about it, right, And that

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<v Speaker 2>to me is the opportunity that's there. And that's why

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<v Speaker 2>on our platform we have this whole dollar cost averaging

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<v Speaker 2>thing that we're lounging next week because we want people

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<v Speaker 2>to be able to literally go into the app, literally

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<v Speaker 2>not have to think about it anymore. So go in,

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<v Speaker 2>hit it. Once you get in there, go in. You'll

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<v Speaker 2>be able to hit a button. It says five dollars

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<v Speaker 2>a day, Boom, do your buy and then you never

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<v Speaker 2>even have to think about it again.

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<v Speaker 4>And then your automation is better to motivate.

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<v Speaker 2>Automation is better than you have to think every day,

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<v Speaker 2>check pricing every day. Go live your life, love on

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<v Speaker 2>your love on your loved ones, and let the technology

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<v Speaker 2>do your investing and do your work.

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<v Speaker 3>So let's talk about this dollar cost averaging. You're extremely

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<v Speaker 3>big on dollar cost averaging.

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<v Speaker 2>Yeah, I'm big on it.

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<v Speaker 3>Yes, you said something before when you went to a

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<v Speaker 3>town in like Alabama or something like that, you met

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<v Speaker 3>with the mayor and you said, every if they put

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<v Speaker 3>in five dollars a day, what was that conversation you

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<v Speaker 3>had with us, we're.

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<v Speaker 2>Gonna build, We're gonna be they had if there were.

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<v Speaker 2>It was Tennessee, and the mayor was very big in crypto,

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<v Speaker 2>sat down, took a meeting, and the way we realized,

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<v Speaker 2>we broke it down. If we took thirty thousand people

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<v Speaker 2>in their town and we got them dollar cost averaging

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<v Speaker 2>five dollars a day, we're gonna be able to build

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<v Speaker 2>over seventy five million dollars in wealth in that small town.

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<v Speaker 2>In within five years seventy five million for that community,

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<v Speaker 2>and we can do the exact same thing wherever we go. Again.

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<v Speaker 2>It's getting back into the habit. It's about a mindset shift,

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<v Speaker 2>and it's about getting out of the Robin Hood mentality.

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<v Speaker 2>Robinhood is robbing the hood y'all. I mean, this is

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<v Speaker 2>this is real because Robinhood is trying to encourage you

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<v Speaker 2>to be a trader, and I'm my whole thing is,

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<v Speaker 2>I don't want you to be a trader unless that's

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<v Speaker 2>what you really want to do, and you really even.

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<v Speaker 4>If they want to do it, it pays more to be

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<v Speaker 4>and our trade for a living, long term investment pays

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<v Speaker 4>a multiple way higher way. I mean to cut you

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<v Speaker 4>off after China, No.

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<v Speaker 2>I hear you. I mean listen, if you want to

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<v Speaker 2>have those three screens up and be like Ian and

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<v Speaker 2>moving money.

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<v Speaker 4>But that's why I tell everyone, and that's eighty percent

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<v Speaker 4>of your money and then you never have to worry

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<v Speaker 4>about that you're getting at the right spot or losing

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<v Speaker 4>a bunch of money when you could have had the

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<v Speaker 4>money working for you.

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<v Speaker 2>Absolutely, I mean, let's be honest, no matter the most

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<v Speaker 2>valuable thing any of us have, most is our time

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<v Speaker 2>right times most valuable than any crypto is more or

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<v Speaker 2>valuable than any stock. And so if you're gonna have

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<v Speaker 2>to if you're going to spend all your days watching

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<v Speaker 2>price movements and stressing out about it and worrying about this,

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<v Speaker 2>it's better to just dollar cost average day. That's what

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<v Speaker 2>I say, because then you can actually live your life.

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<v Speaker 2>You can go be creative. You don't have to worry,

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<v Speaker 2>and you set it and forget it, let it do

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<v Speaker 2>its work, let us do it thing.

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<v Speaker 5>Ernest, what's up? You ever walk into a small business

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<v Speaker 5>and everything just works like the checkout is fast, the

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<v Speaker 5>receipts are digital, tipping is a breeze, and you're out

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<v Speaker 5>the door before the line even builds odds are they're

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<v Speaker 5>This episode is brought to you by P and C Bank.

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<v Speaker 2>Go live your life and do those things. And so

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<v Speaker 2>that's you know. I'm not giving anybody any investment advice.

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<v Speaker 2>Let's be very clear, what I am telling you is

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<v Speaker 2>just what I do. I buy bitcoin every day, I

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<v Speaker 2>buy the same amount every day, and sometimes I'll do

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<v Speaker 2>some smart DCA. So let's talk about what that is.

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<v Speaker 2>You can set up what you want your smart DCA

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<v Speaker 2>to be. A smart DCA would be if you decide, okay,

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<v Speaker 2>you're going to have a set number you're doing daily, weekly,

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<v Speaker 2>or monthly, whatever that number is, and then you say, oh,

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<v Speaker 2>if it moved whenever the asset moves down five percent

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<v Speaker 2>in twenty five period, I'm gonna double down, or I'm

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<v Speaker 2>going to put in X dollars more whatever, or maybe

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<v Speaker 2>you set that number ten percent, maybe you set it too,

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<v Speaker 2>whatever you decide. If it's a downside movement, you go

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<v Speaker 2>in a little heavier. That's what some people call smart DCA.

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<v Speaker 2>But the easiest way to do it, don't even worry

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<v Speaker 2>about that. Set it whatever you can afford on a

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<v Speaker 2>daily basis, weekly basis, monthly basis, whatever you decide and

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<v Speaker 2>let it go and forget about it and then running

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<v Speaker 2>to me or Ian three years from now and you're

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<v Speaker 2>gonna run off and be like, Yo, that DC a thing.

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<v Speaker 3>Come on, man, what do you say to the people

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<v Speaker 3>that's like, all right, hell Harper, uh, you know, superstar actor,

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<v Speaker 3>very successful person. But the person that's struggling day to day.

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<v Speaker 3>They That's the biggest thing I've always hear is like

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<v Speaker 3>I don't have enough money. I don't have enough money

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<v Speaker 3>to invest, especially in something like bitcoin or cryptocurrency, where

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<v Speaker 3>a lot of people still don't fully understand it that

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<v Speaker 3>like this can disappear. What is it? It's not tangible fellas.

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<v Speaker 4>Yeah, you Jay's going going dates, going vacate like for that, I.

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<v Speaker 3>Don't want to hear your philogy. At least you can

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<v Speaker 3>to play Devil's Advocate in you go date. If it's

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<v Speaker 3>a good.

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<v Speaker 4>You're not clapping first date, maybe most are maybe to

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<v Speaker 4>keep it one thousand fifty.

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<v Speaker 2>Okay, I got it. Okay, here we go.

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<v Speaker 4>Our biggest entertainment.

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<v Speaker 2>Hey, our biggest problem, I believe is what in terms

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<v Speaker 2>of you look at our community. We have this thing

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<v Speaker 2>called Mattress money. Right, we have this idea. Ninety to

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<v Speaker 2>ninety five percent of the portfolio asset that we hold

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<v Speaker 2>in our community is in cash. And that's the that's

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<v Speaker 2>the problem. If you look at the wealthiest people in

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<v Speaker 2>the world, ninety to ninety five percent are assets. It's

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<v Speaker 2>not in cash, it's in as sending value asset classes

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<v Speaker 2>like real estate, boot chip stocks, mutual funds, fine art, bitcoin,

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<v Speaker 2>you name it.

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<v Speaker 3>Right.

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<v Speaker 2>We have to get out of cash that's why we

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<v Speaker 2>have we all know people working three jobs that barely

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<v Speaker 2>make ends meet. Why because most their their asset is

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<v Speaker 2>in cash. So every night their head is pillow. They

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<v Speaker 2>wake up the next morning they are poorer because the

0:12:04.280 --> 0:12:06.600
<v Speaker 2>value the person pile of the dollar is going down.

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<v Speaker 2>The twenty two percent of circulating supply was printed last year,

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<v Speaker 2>it's gonna get even worse and worse and worse. So

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<v Speaker 2>the longer we as a black community stay in cash,

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<v Speaker 2>the poorer we will get every day. So my goal

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<v Speaker 2>is to get us out of cash. The least friction way,

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<v Speaker 2>quickest is get you into bitcorn, right, That's why I

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<v Speaker 2>set up the platform, get you into bigcorn. But you

0:12:29.840 --> 0:12:31.760
<v Speaker 2>don't have to stay there. There's so many other places

0:12:31.800 --> 0:12:34.560
<v Speaker 2>to get just we need to get out of the

0:12:34.679 --> 0:12:38.840
<v Speaker 2>US dollar. That is the critical piece, because your hourly

0:12:38.920 --> 0:12:43.000
<v Speaker 2>wage is not keeping up with the inflation or the

0:12:43.080 --> 0:12:46.720
<v Speaker 2>decreasing heart of the dollar. Exactly, we got to get

0:12:46.720 --> 0:12:50.600
<v Speaker 2>out of cash. And so I'm gonna say it's even

0:12:50.679 --> 0:12:55.520
<v Speaker 2>more important if you are in a situation where you're

0:12:55.559 --> 0:12:59.200
<v Speaker 2>living paycheck to paycheck, it's even more important. And that's

0:12:59.240 --> 0:13:04.680
<v Speaker 2>what why I into this argument with these elitist month. Dudes.

0:13:05.040 --> 0:13:06.959
<v Speaker 2>You know brothers coming at You know, I went to

0:13:07.000 --> 0:13:08.800
<v Speaker 2>Harvard Law School, but I'm so I know a lot

0:13:08.840 --> 0:13:10.720
<v Speaker 2>of them. They come out of Harvard and they work

0:13:10.760 --> 0:13:14.920
<v Speaker 2>at JP Morgan and they say, hell, I'm so surprised

0:13:14.960 --> 0:13:17.280
<v Speaker 2>by you. And I say why, brother, And they say,

0:13:17.640 --> 0:13:21.680
<v Speaker 2>you are encouraging our people to get into such a

0:13:21.800 --> 0:13:24.840
<v Speaker 2>volatile asset class. What are you doing? And I say, well,

0:13:24.840 --> 0:13:27.600
<v Speaker 2>how much is your portfolio in bitcoin? Well, that's not

0:13:27.760 --> 0:13:31.079
<v Speaker 2>the point, I said. No. This banker the other day

0:13:31.120 --> 0:13:33.679
<v Speaker 2>told me, well, I don't talk about that publicly, but

0:13:33.720 --> 0:13:36.040
<v Speaker 2>I keep five to ten percent of my portfolio. I say, old,

0:13:36.080 --> 0:13:37.560
<v Speaker 2>how much is that? And he told me the number.

0:13:37.600 --> 0:13:40.040
<v Speaker 2>It's a very significant number. And I say, so it's

0:13:40.040 --> 0:13:42.280
<v Speaker 2>good enough for you, but it's not good enough for them.

0:13:42.480 --> 0:13:46.160
<v Speaker 2>It's elitist and it's bullshit. We have to be honest now.

0:13:46.360 --> 0:13:49.200
<v Speaker 2>It is volatile. That's why you got a cost average

0:13:49.240 --> 0:13:52.120
<v Speaker 2>to take the volatility curve out. I'm not saying put

0:13:52.160 --> 0:13:53.880
<v Speaker 2>all your money in because you may have to pull

0:13:54.000 --> 0:13:55.960
<v Speaker 2>some out tomorrow. I'm saying put in what you're going

0:13:56.040 --> 0:13:59.800
<v Speaker 2>to afford, so the money you don't have to take

0:13:59.840 --> 0:14:03.760
<v Speaker 2>out because if you continue to just live off cash.

0:14:03.840 --> 0:14:05.600
<v Speaker 2>All you're going to see is get poor and poor

0:14:05.600 --> 0:14:09.760
<v Speaker 2>and poor on a daily basis. My graduates from my

0:14:09.840 --> 0:14:15.920
<v Speaker 2>school being forced back drop bag drop, Mike, drop back,

0:14:16.080 --> 0:14:17.160
<v Speaker 2>drop drops.

0:14:28.440 --> 0:14:31.160
<v Speaker 6>Coach, the energy out there felt different. What changed for

0:14:31.240 --> 0:14:31.840
<v Speaker 6>the team today?

0:14:31.920 --> 0:14:34.080
<v Speaker 7>It was the new game day scratches from the California

0:14:34.120 --> 0:14:37.320
<v Speaker 7>Lottery Player is everything. Those games sent the team's energy

0:14:37.360 --> 0:14:37.840
<v Speaker 7>through the roof.

0:14:37.920 --> 0:14:39.920
<v Speaker 2>Are you saying it was the off field play that

0:14:39.960 --> 0:14:41.120
<v Speaker 2>made the difference on the field.

0:14:41.160 --> 0:14:43.920
<v Speaker 7>Hey, little play makes your day, and today it made

0:14:43.960 --> 0:14:47.119
<v Speaker 7>the game. That's all for now, Coach, One more question.

0:14:47.040 --> 0:14:49.840
<v Speaker 6>Play the new Los Angeles Chargers, San Francisco forty nine

0:14:49.920 --> 0:14:53.000
<v Speaker 6>Ers and Los Angeles Rams scratchers from the California Lottery.

0:14:53.080 --> 0:14:54.680
<v Speaker 2>A little play can make your day.

0:14:55.320 --> 0:14:57.200
<v Speaker 1>Peace made responsibly. It must be eighteen years or older

0:14:57.200 --> 0:14:58.160
<v Speaker 1>to purchase plate or claim