WEBVTT - Conversations About The Term Afford 0:00:01.840 --> 0:00:04.400 What's up And welcome back to another episode of No 0:00:04.559 --> 0:00:07.520 Sealers Podcast with your hosts Now fuck That with your 0:00:07.560 --> 0:00:17.560 loaw glasses Malone. How I plan to release my projects 0:00:17.560 --> 0:00:23.959 in the future is and four different version right, like 0:00:24.040 --> 0:00:29.640 a vinyl version which is like forty six minutes or less, 0:00:30.200 --> 0:00:35.879 sure cossette version which is like sixty minutes or less, 0:00:35.680 --> 0:00:39.680 a CD version that's seventy four minutes, and a playlist 0:00:39.800 --> 0:00:44.360 version up to ninety minutes. So imagine like how I write, 0:00:44.400 --> 0:00:47.360 you know already, like before I even learned sonics and shit, 0:00:47.760 --> 0:00:50.760 I used to write a lot of my stories, like 0:00:50.960 --> 0:00:53.800 you know, I mean, I'm innately, I'm a storyteller. And 0:00:53.840 --> 0:00:56.160 then I just been working on my skills, write different 0:00:56.160 --> 0:00:58.760 books I read to build my skills, talking to legends 0:00:58.760 --> 0:01:02.960 about it, blah blah blah. But it's like a film, 0:01:03.000 --> 0:01:05.200 you know how some films you watch they have extended 0:01:05.319 --> 0:01:08.200 versions of it or extra scenes that was missing. I 0:01:08.240 --> 0:01:12.280 feel like it would be like that. And so as 0:01:12.280 --> 0:01:14.800 a storyteller, that's really a pillar to me because it 0:01:14.840 --> 0:01:17.039 helps me extend the story. Like it may have the 0:01:17.080 --> 0:01:22.360 same beginning, it had the same beginning, it may have 0:01:22.400 --> 0:01:24.479 the same climax and it may have the same ending, 0:01:24.840 --> 0:01:28.160 but how I get there can be extended different takes, 0:01:28.200 --> 0:01:31.680 so I add different songs. But it also business level 0:01:31.680 --> 0:01:35.160 would give my fans a chance to just support me 0:01:35.319 --> 0:01:37.600 in like four different ways, so they not just like 0:01:38.040 --> 0:01:40.319 okay if they buy the vinyl and then I released 0:01:40.319 --> 0:01:43.199 the cassette next, Like let's say I released a vinyl 0:01:43.240 --> 0:01:45.760 and then the vinyls is out for a month by itself. 0:01:46.240 --> 0:01:49.760 Then the next month is the cassette version, right from 0:01:50.200 --> 0:01:52.320 the follow up month is the CD version, and then 0:01:52.360 --> 0:01:54.640 it goes to playlist and it has everything on that. 0:01:56.000 --> 0:01:58.680 I didn't realize. Like books and stuff still do that. 0:01:58.880 --> 0:02:02.000 Like author who come out with like even like scholarly 0:02:02.080 --> 0:02:04.600 kind of type of books will have the first edition 0:02:04.840 --> 0:02:08.400 and then like second editions or you know ed amended editions, 0:02:09.880 --> 0:02:11.800 you know, down the line on books. 0:02:12.080 --> 0:02:13.839 I didn't know that. I thought that like the first 0:02:13.880 --> 0:02:17.560 and second edition when they just changed the coverage. 0:02:19.120 --> 0:02:21.200 Maybe, I mean, I don't that wasn't really how it 0:02:21.240 --> 0:02:22.799 was being described, like it's one of author I I 0:02:22.840 --> 0:02:24.240 was listening to do an interview, and I know that 0:02:24.320 --> 0:02:28.040 like for sure, I know like Tom Sole has done 0:02:28.120 --> 0:02:31.560 like updated versions of like I'll call it with the 0:02:31.560 --> 0:02:34.680 book and like I don't know, two thousand and eleven, 0:02:34.720 --> 0:02:37.400 and then they'll come up with like an updated version 0:02:37.440 --> 0:02:42.120 with like even more up like up to date data 0:02:42.880 --> 0:02:45.840 to support a point in like twenty thirteen or something. 0:02:47.880 --> 0:02:50.480 Yeah, I thought it was always when like maybe this 0:02:50.560 --> 0:02:52.480 printing press stopped doing it and then they had to 0:02:52.480 --> 0:02:55.800 go to a different printing press and edition. So that's dope, 0:02:55.919 --> 0:02:59.040 I got. What's great is when you feel like you 0:02:59.160 --> 0:03:02.080 created a new idea and you're like, damn, this is 0:03:02.160 --> 0:03:05.079 new and how it's people gonna take it? But then 0:03:05.160 --> 0:03:08.359 you realize somebody else kind of did something significantly close, 0:03:08.440 --> 0:03:11.200 so you get more comfortable, and you also get the 0:03:11.240 --> 0:03:14.160 reference of that person who experienced that shit the first time. 0:03:14.680 --> 0:03:17.079 So it's dope, you know what I mean. And I'm 0:03:17.480 --> 0:03:21.079 excited about doing that ship. I mean the podcast too. 0:03:21.200 --> 0:03:26.920 Yeah, find you can do alternate endings, you can do 0:03:26.960 --> 0:03:28.079 you can there's a lot of there's a lot of 0:03:28.080 --> 0:03:28.760 stuff you can do. 0:03:28.720 --> 0:03:31.720 With that man, especially like I've been working on this 0:03:31.800 --> 0:03:35.440 idea called Storytime. I want Ice Teeth executive produce it 0:03:35.480 --> 0:03:38.800 with me. But like I want to do like so 0:03:38.920 --> 0:03:42.160 many like stories on the album, but like I'm getting 0:03:42.200 --> 0:03:45.160 a lot of pressure to turn it into one overall story, 0:03:45.200 --> 0:03:46.720 and I'm like that shit is hard. 0:03:47.000 --> 0:03:49.800 You know, I told you on a podcast a while ago, 0:03:50.200 --> 0:03:53.080 you should say fuck the hooks and just come out 0:03:53.120 --> 0:03:56.200 with a giant bar song that's a whole story. That's 0:03:56.240 --> 0:03:57.360 a forty five minute song. 0:03:58.880 --> 0:04:03.080 Yeah, that's not whatever. Like that's more like like roysterefive 0:04:03.240 --> 0:04:06.160 nine and Joe Budden's and Crooked Eye. That ain't glass 0:04:06.520 --> 0:04:09.480 Glasses is more like I said, it was storyteller. But 0:04:10.040 --> 0:04:12.680 how do you put twelve stories together to make one 0:04:12.760 --> 0:04:15.480 fucking album? It's crazy Like that ain't no punk shit 0:04:15.960 --> 0:04:18.200 because it can come across hellic corny if you don't 0:04:18.200 --> 0:04:20.960 get it right. And to write a story like I've 0:04:20.960 --> 0:04:24.200 wrote different stories, like I wrote screenplays and synopsis that 0:04:24.279 --> 0:04:27.880 I sold. But to write a fucking album like that, 0:04:28.400 --> 0:04:30.400 maybe I wouldn't even know how to approach it. I've 0:04:30.400 --> 0:04:33.440 never seen it done, so i'd be the first person. 0:04:33.520 --> 0:04:35.240 Maybe I need to start asking about it so I 0:04:35.279 --> 0:04:38.640 can't be the first person who knows. 0:04:39.400 --> 0:04:42.800 Otherwise I'm just gonna have to, you know, break out 0:04:42.800 --> 0:04:46.520 my novice penmanship and just buy a YouTube beat or 0:04:46.560 --> 0:04:48.560 whatever the fuck. It just do a whole. 0:04:48.880 --> 0:04:52.360 Rapid just yeah, just what would your rap name be? 0:04:53.960 --> 0:04:57.960 Sh I mean, I can only be Rose Gold or 0:04:58.040 --> 0:05:01.000 maybe everybody else got like numbers and ship in their name. 0:05:01.000 --> 0:05:04.640 I could be like Rose Gold Primero or something everybody else. 0:05:04.640 --> 0:05:05.680 I'm the first Rose Gold. 0:05:06.000 --> 0:05:10.200 I like that. That's clear, that's witty, Rose Mad, that's 0:05:10.200 --> 0:05:12.920 all Rose pretty mad. You had you had to lose 0:05:12.960 --> 0:05:14.760 gold to just call it your stuff out of yourself 0:05:14.839 --> 0:05:18.599 roads as a rapper, big row. Yeah, and then you 0:05:18.640 --> 0:05:21.000 gotta wear what's crazy is I was looking at this. 0:05:21.880 --> 0:05:24.640 I was looking at YouTube from Soul Train, and I 0:05:24.720 --> 0:05:28.479 was thinking about what made people look like stars? And 0:05:29.120 --> 0:05:31.479 you know, I was looking at it was different cast 0:05:31.520 --> 0:05:35.479 from Philadelphia. It was the old J's. They from Ohio. 0:05:35.560 --> 0:05:37.320 That's a well, I think they from Ohio. I don't 0:05:37.320 --> 0:05:40.560 know what OJ's from, but I know you think they 0:05:40.600 --> 0:05:44.720 were born in yo Oio. So yeah, so I'm thinking 0:05:44.720 --> 0:05:47.120 about that. But I noticed all of those old groups, 0:05:47.160 --> 0:05:51.400 whether it's very white, you know, in the Love Unlimited Orchestra, 0:05:52.240 --> 0:05:55.400 the old Jas, Harold Melvin and the Blue Notes, they 0:05:55.440 --> 0:05:59.040 would all have custom suits on, Like no nigga should 0:05:59.080 --> 0:06:01.719 be walking down and street and look like them niggas. 0:06:02.440 --> 0:06:05.560 They looked like a bride and brides maids very often. 0:06:05.600 --> 0:06:07.280 Don't get me wrong. You could look in the soul 0:06:07.360 --> 0:06:10.640 trained crowd to see people were dressed, but they definitely 0:06:10.760 --> 0:06:14.880 wasn't wearing no shit like them dudes was. And I 0:06:14.920 --> 0:06:17.680 think that's why the stars shine brighter at that time. 0:06:18.720 --> 0:06:20.839 Yeah, I mean even I think back in the day 0:06:20.920 --> 0:06:23.839 like they used like Jackson five was you know, custom 0:06:25.320 --> 0:06:26.560 and you know, synced up. 0:06:28.120 --> 0:06:30.000 I wonder, how would you do that as a rapper 0:06:30.080 --> 0:06:32.640 because you wear jeans or you know what I mean, 0:06:32.680 --> 0:06:34.720 Like do you go get custom tennis shoes? You know 0:06:34.720 --> 0:06:36.159 what I mean? Like if you were trying to do 0:06:36.200 --> 0:06:37.760 that as a rapper, what does that look like? 0:06:38.120 --> 0:06:42.200 I think, quite honestly, that was basically done through the chains. 0:06:42.360 --> 0:06:45.320 Everybody's chain was largely tied to their own logo, their 0:06:45.320 --> 0:06:47.880 own brand identity. I think the first really one or 0:06:47.880 --> 0:06:51.040 two to do it was like the where there was 0:06:51.080 --> 0:06:54.719 a crew of actual artists was like the cash money 0:06:54.760 --> 0:06:57.479 and the no limit chains, and a lot of people 0:06:57.520 --> 0:06:59.800 have those for a long time. It's kind of antiquated. 0:06:59.839 --> 0:07:02.680 But yeah, but if you go down from a complete 0:07:02.760 --> 0:07:06.800 outfit to just a fucking necklace, cause that that's why 0:07:06.800 --> 0:07:08.360 the stars don't shine. It's bright. 0:07:09.320 --> 0:07:09.840 It's true. 0:07:10.040 --> 0:07:14.000 It's true. The Budgets was crazy, you know, which kind 0:07:14.000 --> 0:07:15.320 of brings me to what I want to talk to 0:07:15.360 --> 0:07:18.760 you about that the Budgets at that time. But no siilings, 0:07:18.840 --> 0:07:23.720 gl I know how we do this thing here? Like 0:07:24.360 --> 0:07:27.160 the season is the season three is almost over, so 0:07:27.400 --> 0:07:30.240 everybody that been fucking with us for three seasons, we're 0:07:30.280 --> 0:07:33.440 definitely gonna wrap it up for season four. We started 0:07:33.440 --> 0:07:35.800 a little late this season because I had that for 0:07:35.880 --> 0:07:40.280 Tellor tendon reconstruction surgery. So we're not gonna take no 0:07:40.360 --> 0:07:43.800 breaks off. You know, We're finna go right into season four. 0:07:44.080 --> 0:07:48.360 You know, starting looks like in February, and we're just 0:07:48.360 --> 0:07:50.360 gonna pipe it up. On the visual side, you know 0:07:50.360 --> 0:07:53.080 what I mean, I'm trying to figure out how to 0:07:53.080 --> 0:07:55.720 make it work because Pete is in Miami and I'm here. 0:07:56.560 --> 0:07:58.560 It's cool when we had a girls do it sometime, 0:07:58.600 --> 0:08:00.720 but me and Pete, you know, I need to make 0:08:00.760 --> 0:08:02.520 sure I got a camera because the girls can be 0:08:02.600 --> 0:08:04.560 with the camera, but I got to figure out a 0:08:04.560 --> 0:08:07.520 way to get Pete on camera in real time. I 0:08:07.520 --> 0:08:10.679 think we got the audio situation together because we both 0:08:11.160 --> 0:08:14.800 sound clear, but I need to make sure that our 0:08:14.920 --> 0:08:18.800 visuals as we start to market through YouTube podcast, our 0:08:18.920 --> 0:08:21.400 visuals are SYNCD up at that same high quality. So 0:08:21.920 --> 0:08:27.680 I've been looking at different stuff. And Pete just left 0:08:27.720 --> 0:08:29.760 right now when we were just talking about the audios, 0:08:29.800 --> 0:08:38.920 which is crazy. But the term of Ford, the term 0:08:39.000 --> 0:08:41.800 of Ford, Pete, is the term I wanted to talk 0:08:41.800 --> 0:08:42.320 to you about. 0:08:43.280 --> 0:08:47.040 And we can't afford anything. 0:08:48.120 --> 0:08:53.880 No, because you're you into financing, man, as you into finances, right, Yeah, 0:08:53.880 --> 0:08:56.760 I mean I thought it would be dope to have 0:08:56.840 --> 0:09:01.120 this conversation with you. Like one thing about it's gonna 0:09:01.120 --> 0:09:04.360 sound racist, and it probably is, or it's not racist, 0:09:04.440 --> 0:09:08.280 it's really prejudiced or is it. It's a stereotype that 0:09:08.360 --> 0:09:10.760 I would assume as a white person, you're just better 0:09:10.800 --> 0:09:14.440 with money, or you understand money better because when we 0:09:14.480 --> 0:09:17.360 talk about money, like I talk to you about money 0:09:17.360 --> 0:09:19.080 in ways and I never talked to none of my 0:09:19.120 --> 0:09:20.040 friends about money. 0:09:21.480 --> 0:09:26.120 Yeah. Some of that's like you know, like my family 0:09:26.120 --> 0:09:28.640 in particular, like my dad's you know, like a financial 0:09:28.679 --> 0:09:32.640 consultant and stuff like that, so I get a lot 0:09:32.679 --> 0:09:38.320 of that. But yeah, I mean there's there's broadly speaking 0:09:38.320 --> 0:09:40.559 and there's certainly a gap there. And there's also one 0:09:40.559 --> 0:09:42.839 thing I've noticed for sure, aside from just in so 0:09:42.960 --> 0:09:45.880 far as like you know, quote unquote financial literacy goes 0:09:45.920 --> 0:09:50.079 amongst different communities in the country, there's and I think 0:09:50.120 --> 0:09:51.640 it's kind of really this is where it kind of 0:09:51.720 --> 0:10:00.400 it starts. I from my observations, feel like culturally, like 0:10:00.960 --> 0:10:05.280 white people maybe are more like save oriented and less 0:10:05.400 --> 0:10:10.920 like spend it stunt oriented. So therefore, because of that, 0:10:10.960 --> 0:10:16.360 they're looking for shit to do with their money that's 0:10:16.440 --> 0:10:18.680 not of the spend a variety. 0:10:19.040 --> 0:10:24.520 You know. Well, I guess it gets tricky. Well, let 0:10:24.559 --> 0:10:28.080 me get to that word afford have enough money to 0:10:28.160 --> 0:10:36.599 pay for And I think, yeah, so that's shaky in 0:10:36.720 --> 0:10:40.240 multiple ways, right because I get that concept. But to me, 0:10:40.400 --> 0:10:44.360 if you're in debt, then the money you have you 0:10:44.360 --> 0:10:49.400 don't have it. Yeah, it makes sense. So like, let's 0:10:49.400 --> 0:10:52.400 say if you have one thousand dollars because and you 0:10:52.480 --> 0:11:00.160 wanted to go buy a watch that cost a thousand dollars, right, right, 0:11:01.720 --> 0:11:05.240 But you have a credit card and your credit card 0:11:05.440 --> 0:11:08.240 is three thousand dollars limit. But you got a thousand 0:11:08.320 --> 0:11:11.040 dollars you know what I mean? You got a thousand 0:11:11.040 --> 0:11:17.000 dollars a thousand dollar bill on it, you really can 0:11:17.160 --> 0:11:20.960 afford that watch. So even if if all your bills 0:11:21.000 --> 0:11:25.000 is paid right, Let's say it's a second you paid 0:11:25.040 --> 0:11:30.040 all your bills and you have one thousand dollars left, right, 0:11:30.080 --> 0:11:32.920 and you have a thousand dollar bill on your credit card, 0:11:33.000 --> 0:11:35.480 and you want this watch that costs one thousand dollars. 0:11:37.320 --> 0:11:41.520 Even though this is really hella thin, for sure, you 0:11:41.559 --> 0:11:44.160 can't afford that watch. Lord knows if you need more 0:11:44.160 --> 0:11:46.120 money to buy food during a month, But I'm saying, 0:11:46.160 --> 0:11:49.000 if you just had an extra thousand dollars, count it 0:11:49.040 --> 0:11:53.240 outside of your gas to get to work, counted outside 0:11:53.240 --> 0:11:55.760 of you maintaining your lifestyle for that whole month till 0:11:55.760 --> 0:11:58.040 you get your check to do it again, you have 0:11:58.120 --> 0:12:01.280 one thousand dollars and watch costs one thousand dollars with 0:12:01.320 --> 0:12:06.520 your credit card bill, you can't afford that. And I 0:12:06.559 --> 0:12:09.920 think that's what goes wrong with how you know, when 0:12:09.960 --> 0:12:12.800 you don't have financial literacy and you grow up like this, 0:12:13.240 --> 0:12:17.960 you don't get how it works, right or this is 0:12:18.000 --> 0:12:21.200 gonna sound weird too, right, Like I had this thing 0:12:21.320 --> 0:12:24.680 going to like the last ten years where I'm tired 0:12:24.720 --> 0:12:27.640 of rappers bragging about their credit score, and I'm like, 0:12:28.400 --> 0:12:29.960 nothing special about. 0:12:29.640 --> 0:12:31.600 Your rappers brag about their credit score? 0:12:31.920 --> 0:12:34.240 Yeah? Or people in general, like. 0:12:34.240 --> 0:12:36.520 People in general, I never heard a rapper talk about 0:12:36.520 --> 0:12:39.280 their credit score before. Sure, maybe in an interview or 0:12:39.360 --> 0:12:39.920 something like that. 0:12:40.840 --> 0:12:42.840 Sure, but to some degree they bragged about it. Even 0:12:42.960 --> 0:12:49.320 culture that's become a bragging point is credit score, And 0:12:49.320 --> 0:12:52.880 it's like, what is there to brag about your ability 0:12:52.920 --> 0:12:53.840 to borrow money? 0:12:55.559 --> 0:13:03.480 I agree people don't understand and there's ambiguity and subjectivity 0:13:03.559 --> 0:13:08.440 around the word afford because people don't either a for sure, 0:13:08.520 --> 0:13:10.720 they don't have a consensus on but they also in 0:13:10.800 --> 0:13:14.760 a lot of cases do not understand the meaning in 0:13:15.480 --> 0:13:25.839 application of the word cost. If money is a transactional 0:13:26.160 --> 0:13:30.360 metric of time, they don't appreciate what that like. Say, 0:13:30.360 --> 0:13:32.400 you go back to your thousand dollars thing, Okay, well, yeah, 0:13:32.600 --> 0:13:38.560 I can afford to burn my thousand dollars on this 0:13:38.640 --> 0:13:40.520 credit card down for this watch and still have a 0:13:40.559 --> 0:13:42.720 thousand dollars in cash for my bills for next month. 0:13:44.559 --> 0:13:48.640 You have to then your time now is going towards 0:13:48.640 --> 0:13:52.760 paying for that watch, plus the interest on the watch 0:13:53.080 --> 0:13:55.240 or whatever. At the expense of anything else you might 0:13:55.240 --> 0:13:58.440 have done with that money. So how much of your 0:13:58.480 --> 0:14:01.360 life is that watch worth to you? To some people, 0:14:01.400 --> 0:14:09.760 it's worth the world. Some people, it's like, Eh. 0:14:06.920 --> 0:14:09.319 I had this conversation with somebody really close to me, 0:14:09.440 --> 0:14:14.559 and I was explaining to them that they believe the 0:14:14.640 --> 0:14:18.120 Kardashians lived this life where they just frugally jump on jets, 0:14:18.600 --> 0:14:20.320 like they made this kind of money to where they 0:14:20.320 --> 0:14:23.480 frugally jump on jets and just do all this random activities. 0:14:23.480 --> 0:14:28.600 And I'm like, wealthy people don't live like that. And 0:14:31.120 --> 0:14:34.840 they couldn't really understand what I was saying because television 0:14:34.880 --> 0:14:42.000 has programmed most normal people's percession of what wealth is. Like, 0:14:42.040 --> 0:14:45.480 they don't really have any idea how wealthy people live. 0:14:45.920 --> 0:14:50.080 They know how upper middle class people live, even people 0:14:50.120 --> 0:14:52.200 who we could consider rich, you know what I mean, 0:14:52.200 --> 0:14:56.960 they got more than the average American, right, but they 0:14:57.040 --> 0:15:00.600 have no idea how wealthy people live. Like if you 0:15:00.800 --> 0:15:06.480 drive us through Paloverti, you know Rancho Palos verty and 0:15:06.560 --> 0:15:10.480 you see Prius in the yard. You see five to 0:15:10.480 --> 0:15:14.840 fifteen million dollar houses with Prius and Civics and Volts, 0:15:14.960 --> 0:15:19.000 you know, electric cars in the yard. And I'll never 0:15:19.080 --> 0:15:25.160 forget you know, I never aspired or y'ah, never aspired 0:15:25.520 --> 0:15:29.080 aspired to have like this big house. Like I always 0:15:29.080 --> 0:15:33.640 thought about the tax Like even now that I'm earning, 0:15:33.920 --> 0:15:36.600 you know, I could put myself in a position to 0:15:36.640 --> 0:15:39.720 have a three million dollar home, and well I haven't 0:15:39.840 --> 0:15:42.880 in the next twelve months, right, But all I think about, 0:15:43.000 --> 0:15:48.440 Pete is for the rest of my life. Right, if 0:15:48.440 --> 0:15:52.560 the house is three million dollars, and if the state 0:15:52.680 --> 0:15:56.200 that the real estate taxes annually in America is one 0:15:56.200 --> 0:16:00.240 in a quarter, right, all I'm thinking about is thirty 0:16:00.320 --> 0:16:04.120 thousand a quarter of that's seventy five hundred. So every 0:16:04.240 --> 0:16:06.320 month for the rest of my life, I will have 0:16:06.400 --> 0:16:10.080 to come up with roughly three thousand plus dollars just 0:16:10.120 --> 0:16:13.720 to pay the taxes on the house. That's how I've 0:16:13.840 --> 0:16:16.960 always thought, because since I was like fourteen, so I 0:16:17.080 --> 0:16:19.800 always looked at a house that was three hundred thousand 0:16:19.840 --> 0:16:21.920 because I'm like, okay, if I have a child. Now 0:16:21.960 --> 0:16:24.240 this is back when three hundred thousand we got you 0:16:24.280 --> 0:16:27.440 out slate with, not today's three hundred thousand, the whole 0:16:27.480 --> 0:16:32.120 three hundred thousand, But I'm okay if I have a child, right, 0:16:32.160 --> 0:16:35.080 And I give him a three hundred thousand dollars house, right, 0:16:35.120 --> 0:16:37.520 and it's at one in a quarter I'm counting, right, 0:16:37.520 --> 0:16:41.920 I'm like, okay, well that's three thousand dollars for thirty 0:16:41.920 --> 0:16:44.760 thousand dollars plus a quarter, right, which is seventy five. 0:16:45.120 --> 0:16:47.000 Well that's not that bad, right. All they would have 0:16:47.040 --> 0:16:48.840 to make is was that. 0:16:50.880 --> 0:16:51.960 It's a few hundred a month. 0:16:52.320 --> 0:16:56.440 That's it. Yeah, you know what I'm saying. And that's 0:16:56.480 --> 0:17:00.400 how I saw it, Like I just I never saw 0:17:00.440 --> 0:17:03.040 it any other way. Like I never saw like leaving 0:17:03.080 --> 0:17:06.280 somebody with a huge tax bill as a thing. But 0:17:06.320 --> 0:17:10.840 I've always thought about money that way. Sure, I've always 0:17:10.920 --> 0:17:15.439 thought about money that way. You know, do I want 0:17:15.480 --> 0:17:17.480 to leave you a three hundred dollars bill or do 0:17:17.520 --> 0:17:19.280 I want to leave you a three thousand dollars bill 0:17:19.320 --> 0:17:21.480 a month, something you're gonna have to sell and get 0:17:21.560 --> 0:17:23.199 rid of just to have a bunch of money that 0:17:23.200 --> 0:17:25.720 you're gonna lose, or something you can maintain and always 0:17:25.760 --> 0:17:30.080 have a place to stay. So, as somebody to me 0:17:30.200 --> 0:17:34.720 who was raised financial, financially literate, like yourself, what do 0:17:34.760 --> 0:17:39.000 you think the average person, you know, let's say, even 0:17:39.040 --> 0:17:40.880 in the culture like in hip hop, like right street 0:17:40.960 --> 0:17:43.200 urban culture. People that come up poor and don't get it. 0:17:43.520 --> 0:17:46.440 What do you think the number one mistake they make 0:17:46.520 --> 0:17:49.000 is like that that you heard you is like that 0:17:49.080 --> 0:17:53.879 shit is crazy, and it's the biggest myth of all financial. 0:17:55.160 --> 0:18:04.320 Literature, like singular action. It's hard to say. I think 0:18:04.359 --> 0:18:06.720 in general, the most common thing is people just don't 0:18:06.720 --> 0:18:09.800 have a plan. They don't have a clue. They just 0:18:10.840 --> 0:18:13.320 spend whatever money their job pays them, and that's what 0:18:13.320 --> 0:18:14.800 it is. And if they get some four oh one 0:18:14.880 --> 0:18:17.280 K diversion or pension diversion, that's what it is. I 0:18:17.320 --> 0:18:19.399 think the biggest issue is that it's just not anything 0:18:19.400 --> 0:18:20.960 that's on their mind. They don't have a clue. The 0:18:21.000 --> 0:18:28.000 other thing is people will buy houses on their lifetime, 0:18:28.280 --> 0:18:32.960 not on the market time. So I've known a lot 0:18:33.000 --> 0:18:39.800 of people break that down, like personally, for example, I 0:18:40.040 --> 0:18:42.879 came out of college in two thousand and seven. My 0:18:42.960 --> 0:18:44.920 girlfriend at the time had been out of college. This 0:18:45.000 --> 0:18:47.360 is two thousand and six. One of my best friends, 0:18:48.320 --> 0:18:50.840 but I used to stay with an Oakland. The girl 0:18:50.880 --> 0:18:55.320 and the friend separately each bought houses in like two 0:18:55.359 --> 0:19:00.080 thousand and six, something like that. I'm looking at this. 0:19:00.119 --> 0:19:02.600 Going crazy with George Bush. 0:19:02.680 --> 0:19:06.399 Yeah, and I'm looking at this going like, guys, what 0:19:06.440 --> 0:19:13.119 are you doing? And my guy friend was like, well, no, 0:19:13.200 --> 0:19:14.720 it's a great investor. This thing is gonna be worth 0:19:14.760 --> 0:19:20.399 But this was a house, a basic ass tract house 0:19:20.480 --> 0:19:22.719 in some town I had never heard of, in central 0:19:22.720 --> 0:19:28.000 California off the five Freeway. I fucking I couldn't even 0:19:28.000 --> 0:19:34.040 tell you. Between Fresno and Tracy. 0:19:31.880 --> 0:19:34.760 Got there a lot of it's a lot of small 0:19:34.840 --> 0:19:35.920 towns between them. 0:19:36.080 --> 0:19:39.200 It was. The town was called Patterson. It's a truck 0:19:39.240 --> 0:19:41.600 stop with a housing tract attached to it. 0:19:41.920 --> 0:19:43.800 Oh yeah, okay. 0:19:43.920 --> 0:19:45.480 He paid about a half for it. 0:19:46.840 --> 0:19:47.119 Wow. 0:19:47.280 --> 0:19:49.119 And I'm and I told him, I said, if that 0:19:49.119 --> 0:19:52.280 thing's gonna be worth a million dollars, I'm going to 0:19:52.320 --> 0:19:54.640 be spending ten dollars on a gallon of milk. That's 0:19:54.680 --> 0:19:57.960 the only way that's going to happen. And the girl 0:19:58.920 --> 0:20:00.800 wanted to buy a house because was her job at 0:20:00.840 --> 0:20:03.240 the time, would pay the closing cost. And I'm telling her, 0:20:03.280 --> 0:20:07.159 I'm like, you don't like paying a rent. The market 0:20:07.200 --> 0:20:09.520 is sky high, it's not gonna keep it like this. 0:20:10.440 --> 0:20:16.000 So because you're getting calmed, your closing costs for relocating. 0:20:17.560 --> 0:20:19.280 Her rent at the time was like one thousand a 0:20:19.280 --> 0:20:21.440 month or some shit like it was two thousand and six, 0:20:21.520 --> 0:20:24.080 and she was just like Santa Clarita, I'm like, it's 0:20:24.080 --> 0:20:27.000 like twelve grand. You would do twenty grand. I said. 0:20:27.000 --> 0:20:28.879 The swing on this house when the market comes down 0:20:29.000 --> 0:20:31.920 is gonna be two hundred thousand. She spent five hundred 0:20:32.000 --> 0:20:34.439 thousand on a damn house and was stuck with it. 0:20:34.600 --> 0:20:36.919 Her job was paying her plenty of money, so it 0:20:36.960 --> 0:20:39.800 was fine, but she was stuck underwater for like six years, 0:20:41.920 --> 0:20:43.440 you know. And I think a lot of people are like, 0:20:43.680 --> 0:20:46.320 I know, people, now, my goal is to buy a 0:20:46.320 --> 0:20:48.800 house before I'm fortier, before by that time I'm thirty five, 0:20:48.840 --> 0:20:53.639 I want to buy my house. Well, okay, I mean, 0:20:53.640 --> 0:20:57.000 if that's what's most important to you, was that goal, 0:21:00.200 --> 0:21:04.280 it might be painful. They say in general that most 0:21:04.280 --> 0:21:07.120 people you're the largest investments you ever make is your home, 0:21:07.800 --> 0:21:11.399 and statistically that's true. If the biggest investment you're going 0:21:11.440 --> 0:21:13.760 to make in your life is this one, you should 0:21:13.800 --> 0:21:16.400 probably do it with some sensitivity to the market. 0:21:18.640 --> 0:21:23.439 How does somebody who doesn't know anything about finances know 0:21:23.600 --> 0:21:26.320 when the right time is they would have to trust somebody, 0:21:27.520 --> 0:21:30.159 you know, they they'd have to trust somebody who was 0:21:30.280 --> 0:21:35.159 more or someone who could who seemed more financial literary 0:21:35.359 --> 0:21:37.720 than themselves do that. 0:21:37.800 --> 0:21:40.000 Then I remember talking to a relative of mine who 0:21:40.240 --> 0:21:46.119 had an issue with you know what they do. They 0:21:46.160 --> 0:21:48.200 took like a second out on a house or something 0:21:48.280 --> 0:21:51.040 like that and had a bad loan, right they don't 0:21:51.040 --> 0:21:55.119 have to sell the house. And they're like, man, have 0:21:55.240 --> 0:21:58.360 you seen those contracts? Like they're so complicated? And I 0:21:58.400 --> 0:22:00.760 was like, it's a what you take count like hundreds 0:22:00.760 --> 0:22:03.200 of thousands of dollars. You couldn't pay five hundred dollars 0:22:03.280 --> 0:22:05.200 to a lawyer to walk you through the contract. 0:22:06.240 --> 0:22:10.600 But you know, that's like an issue to trust people 0:22:10.640 --> 0:22:13.520 who seem like they want to swindle you for money 0:22:13.520 --> 0:22:16.800 in the first place, Right, Like, how. 0:22:16.640 --> 0:22:23.560 Do you if you're paying somebody for counsel? Just pay them, 0:22:23.600 --> 0:22:25.960 you know, just pay them for the information. Leave or 0:22:27.200 --> 0:22:30.360 get on the internet and start researching things to look 0:22:30.400 --> 0:22:32.760 at market cycles, look at trends, look at the way 0:22:32.960 --> 0:22:35.679 I mean, if it takes you, I mean, what's it 0:22:35.720 --> 0:22:37.280 worth to you? I mean, like, say you make a 0:22:37.359 --> 0:22:40.600 hundred thousand dollars mistake and you make fifty thousand dollars 0:22:40.640 --> 0:22:44.879 a year. It isn't worth twenty hours of your time 0:22:45.520 --> 0:22:49.399 to do some research for one hundred thousand dollars potentially. 0:22:49.920 --> 0:22:56.359 Great point, great fucking point. So right now is a 0:22:56.359 --> 0:22:58.000 bad time to buy a house, right if you're going 0:22:58.040 --> 0:23:00.119 to borrow money. 0:23:01.040 --> 0:23:03.479 Right now is like the most expensive time to buy 0:23:03.520 --> 0:23:06.640 a home ever because the market, like the houses are 0:23:06.680 --> 0:23:09.520 so high up, it's such low inventory. Prices are sky high, 0:23:09.560 --> 0:23:13.320 and they didn't adjust downward when interest rates went up 0:23:13.359 --> 0:23:21.720