WEBVTT - Study Hall: HOW TO INVEST FOR YOUR CHILD with Wall Street Trapper 0:00:00.720 --> 0:00:03.960 Behind those warm and cozy nights at home, Thousands of 0:00:03.960 --> 0:00:07.760 employees at BP go to work every day. People producing 0:00:07.800 --> 0:00:11.680 more US natural gas, people building grid scale solar capacity, 0:00:12.119 --> 0:00:17.000 people turning landfill waste gas into pipeline quality renewable natural gas, 0:00:17.200 --> 0:00:20.320 and people delivering all of that power where it's needed. 0:00:20.680 --> 0:00:23.919 They're part of almost three hundred thousand jobs VP supports 0:00:24.000 --> 0:00:27.600 across the country. Learn more at VP dot com slash 0:00:27.680 --> 0:00:29.880 Investing in America. 0:00:30.040 --> 0:00:31.040 So let me ask you this far. 0:00:31.160 --> 0:00:32.760 Last time we say, we talked about a little bit 0:00:32.920 --> 0:00:36.680 touched on how to save for your kid, what custodio accounts, 0:00:37.640 --> 0:00:40.000 things of that nature, But I don't think we went 0:00:40.040 --> 0:00:43.440 over the like to like in Debt with the Atma 0:00:43.640 --> 0:00:44.960 and the ogma by R. 0:00:45.120 --> 0:00:45.279 Ryan. 0:00:45.360 --> 0:00:46.640 Can you talk about that a little bit? 0:00:46.720 --> 0:00:49.159 Yeah? Yeah, So what we did was we talked about, 0:00:49.400 --> 0:00:51.320 you know, just investing from my daughter. And that was 0:00:51.360 --> 0:00:57.600 reg real dope because before I actually spoke on that, 0:00:58.640 --> 0:01:01.520 I never heard nobody talk about you know what I'm saying, 0:01:01.560 --> 0:01:03.680 And so for me, one of the reasons what I 0:01:03.720 --> 0:01:05.560 did so I was like, what's the difference between it? 0:01:05.560 --> 0:01:07.399 Because I wanted to do something for my daughter besides 0:01:07.400 --> 0:01:09.479 just putting money in a bank account. Like if I'm 0:01:09.480 --> 0:01:11.600 making my money work for me all the time, and 0:01:11.640 --> 0:01:13.360 I'm saying I'm gonna do this for the long run, 0:01:13.640 --> 0:01:15.960 then I'm instantly a light went off of my head 0:01:15.959 --> 0:01:18.560 and was like, if I stole my daughter, now she 0:01:18.640 --> 0:01:20.640 got way more time than me. I can put a 0:01:20.640 --> 0:01:22.720 whole bunch of young bucks and hust you know what 0:01:22.720 --> 0:01:24.840 I'm saying, custodio account and let it run. So you 0:01:24.880 --> 0:01:28.040 got two types. You got the UGMA and you got 0:01:28.040 --> 0:01:31.880 the ut the ug MUD and the utmuh. So one 0:01:31.920 --> 0:01:39.360 of them is as una unified gifts account, and one 0:01:39.400 --> 0:01:42.600 of them is a transfer minor account. Right, So one 0:01:42.640 --> 0:01:46.240 of them, the UT the ut muh you can put 0:01:47.560 --> 0:01:52.600 real estate, you can put gold, you can put art, 0:01:52.840 --> 0:01:58.160 you can put intellectual properties and stocks and cash over there. 0:01:59.000 --> 0:02:02.040 The ug muh is a gift so you can only 0:02:02.120 --> 0:02:07.240 put stocks or binds, mutual funds, ETFs cash. You can't 0:02:07.240 --> 0:02:09.280 put the real estate and the other stuff in there. 0:02:09.280 --> 0:02:11.399 So there's a limitation between the two. Yeah yeah, yeah, 0:02:11.440 --> 0:02:14.440 yeah yeah. But the dope part about both of them 0:02:14.560 --> 0:02:19.600 is they're not taxed the third but there's an advantage 0:02:19.600 --> 0:02:23.520 in having them. Whereas the first won't see it. Think 0:02:23.520 --> 0:02:27.640 it's a thousand, one thousand and fifty dollars, it's tax free. 0:02:28.400 --> 0:02:32.040 Everything from two thousand dollars on up get taxed at 0:02:32.080 --> 0:02:35.480 a children's rate, which is ten percent, you know what 0:02:35.520 --> 0:02:37.959 I'm saying. So it's still you know, not you got 0:02:37.960 --> 0:02:40.079 to pay the taxes, you know what I'm saying on it. 0:02:40.160 --> 0:02:43.360 But it's still cool because I think one of the 0:02:43.360 --> 0:02:47.119 things that our people, our culture have bad and it's 0:02:47.160 --> 0:02:49.320 again it's not we just got to learn it. We're 0:02:49.320 --> 0:02:52.320 scared to pay taxes. The first thing somebody be like 0:02:52.520 --> 0:02:55.320 and I don't won't pay no taxes, when in reality 0:02:55.840 --> 0:02:58.359 like paying TAXI me, you're making money, you know what 0:02:58.360 --> 0:03:00.399 I'm saying. So now you just got to figure out 0:03:00.560 --> 0:03:03.960 how to decrease the taxes instead of not pay the taxes, 0:03:04.320 --> 0:03:05.639 you know what I'm saying. So one of the way 0:03:05.680 --> 0:03:08.360 is you want to decrease taxes on the money you're making. Right, So, 0:03:08.400 --> 0:03:11.480 if you got your child in that UPMA account right 0:03:11.600 --> 0:03:13.720 or that you get, you're only paying ten percent. No 0:03:13.720 --> 0:03:15.800 matter what it does, you're paying ten percent. I'm cool 0:03:15.840 --> 0:03:21.040 with that. Whereas just regular income account that's twenty eight percent, 0:03:21.080 --> 0:03:24.679 twenty three percent, Like, that's major. So your child now 0:03:24.760 --> 0:03:27.680 from zero to eighteen or twenty one depending on the state, 0:03:27.680 --> 0:03:30.600 then paying ten percent and you changing their life, and 0:03:30.639 --> 0:03:31.280 I'll take that. 0:03:32.600 --> 0:03:33.440 Yeah, it's powerful. 0:03:33.560 --> 0:03:37.520 It's powerful, and I think that having a conversation about 0:03:37.560 --> 0:03:40.520 generational wealth, that's has to be included in there, because 0:03:40.520 --> 0:03:43.320 it's like you have, the first step is investing for yourself. 0:03:43.320 --> 0:03:44.880 You can't save anybody till you save yourself. 0:03:44.880 --> 0:03:45.360 That's the fact. 0:03:45.440 --> 0:03:47.560 But after you say, after you you know, not even 0:03:47.560 --> 0:03:52.240 save yourself. After you start investing in yourself, now you 0:03:52.360 --> 0:03:54.320 have to start to invest in your children. 0:03:54.680 --> 0:03:57.240 That's that's that's what we plug. That's the plug the generation. 0:03:57.400 --> 0:03:59.720 If you're not doing that, your selfish thing told us that. 0:03:59.680 --> 0:04:03.440 Man, that's the plug. Like you know, I always said, man, 0:04:03.560 --> 0:04:06.440 like if I got it out the mud, and I 0:04:06.560 --> 0:04:08.720 watched my mama get it out the mud, and I 0:04:08.760 --> 0:04:10.760 watched my grandmother get it out the mud, and I 0:04:10.760 --> 0:04:13.840 watched everybody around me get out the mud while they 0:04:13.840 --> 0:04:16.440 hell let my child get it out the mud. At 0:04:16.480 --> 0:04:18.480 some point I got to say, I won't change this, yo. 0:04:19.560 --> 0:04:23.200 I got to say, man, it's different. And I feel 0:04:23.240 --> 0:04:25.200 like we you know, we get so caught up in 0:04:25.600 --> 0:04:28.360 I'm living my best life to what we were trying 0:04:28.360 --> 0:04:30.279 to enjoy life so much to what you forget about. 0:04:30.320 --> 0:04:32.880 They got generations that kind of come behind us, you 0:04:32.880 --> 0:04:34.440 know what I'm saying. So for me, it's a lot 0:04:34.440 --> 0:04:37.520 of stuff I don't do until I know for sure 0:04:37.560 --> 0:04:41.880 I've at least secured two generations, you know what I'm saying, 0:04:41.920 --> 0:04:47.720 And that comes with one educating my daughter, because even 0:04:47.720 --> 0:04:50.320 if I give her a million dollars, if I ain't 0:04:50.440 --> 0:04:53.400 educated on what to do with a million dollars, I've 0:04:53.520 --> 0:04:56.600 now wasted a million dollars. It's a saying that if 0:04:56.640 --> 0:04:59.920 you took all the wealth in the world and divided 0:05:00.080 --> 0:05:04.040 it equally, within ten to fifteen years, the wealthy people 0:05:04.080 --> 0:05:07.440 will be back in charge because they know what to do. 0:05:08.880 --> 0:05:10.599 We get a million dollars and we don't know what 0:05:10.680 --> 0:05:14.039 to do with it. We back into the famous court 0:05:14.080 --> 0:05:18.600 I said in the beginning, lions. Don't tell the gazelles 0:05:18.960 --> 0:05:22.880 and the Zebras how to get away. Why because now 0:05:22.880 --> 0:05:26.120 I'm taking food out of my mouth. So as long 0:05:26.120 --> 0:05:27.880 as I don't tell you how to get away, you're 0:05:27.880 --> 0:05:29.800 gonna always come back. But if I tell you how 0:05:29.800 --> 0:05:33.040 to get away. Now you're gonna go tell the zebra. Look, 0:05:33.040 --> 0:05:34.840 it's how to get away from the line, and the 0:05:34.960 --> 0:05:37.240 zebra gonna go tell the giraffe and the gazelle. Now 0:05:37.320 --> 0:05:39.719 nobody came. I ain't got no tricks something my sleeve. 0:05:40.200 --> 0:05:42.640 Whereas if I don't tell nobody and I just keep 0:05:42.640 --> 0:05:45.880 it amongst my people, then we gonna always eat. So 0:05:45.920 --> 0:05:47.880 I ain't mad at them for not giving us the game. 0:05:48.160 --> 0:05:50.479 I ain't around here saying, man, they should teach us 0:05:50.480 --> 0:05:53.120 this in school. No, what I'm gonna do is I'm 0:05:53.160 --> 0:05:55.880 gonna get the knowledge, right, I'm gonna seek it. I'm 0:05:55.880 --> 0:05:57.839 gonna go get I'm gonna flip every rock, I'm gonna 0:05:57.880 --> 0:06:01.400 kick in every door. Right, so I get it. I'm 0:06:01.400 --> 0:06:04.120 gonna go back and regurgitate it to my daughter at 0:06:04.120 --> 0:06:06.520 the age of two. What's the stock, what's the asset, 0:06:06.600 --> 0:06:08.800 what's the liability? Let's it make you money? You know, 0:06:08.920 --> 0:06:12.479 what's real estate? At an early age, I'm having this conversation. 0:06:12.640 --> 0:06:15.520 So now I'm teaching her a word to date, like 0:06:15.560 --> 0:06:17.400 she's not still when I'm gonna say that, then like 0:06:17.440 --> 0:06:19.280 a word. I'm teaching her two three words a day 0:06:19.320 --> 0:06:21.680 about just financial literacy, like the school can do what 0:06:21.680 --> 0:06:23.000 the school is supposed to do. We gonna do some 0:06:23.080 --> 0:06:25.200 of that homework too. But this financial literacy, this was 0:06:25.200 --> 0:06:27.360 gonna save you. You know what I'm saying. Let me show 0:06:27.480 --> 0:06:29.400 this was gonna save you family, you know what I'm saying. 0:06:29.400 --> 0:06:32.239 So I'm teaching her that. So now I did two things. 0:06:32.520 --> 0:06:34.520 I've showed her how to make a million through invest 0:06:34.560 --> 0:06:37.680 in it, and I've taught her how to nurture a 0:06:37.800 --> 0:06:41.440 million with knowledge, because information is the fertilizer to your wealth. 0:06:41.480 --> 0:06:41.640 Man. 0:06:41.720 --> 0:06:44.400 That's how we say generations with knowledge, passing all the 0:06:44.400 --> 0:06:46.239 money you want. Man, if you don't pass no knowledge, 0:06:46.279 --> 0:06:47.320 you killed them. 0:06:48.160 --> 0:06:49.119 Now it's a true fact. 0:06:49.120 --> 0:06:51.680 And it was like, you know, bringing it full circle, 0:06:51.839 --> 0:06:53.800 you know, bigger than just like I said, just bigger 0:06:53.839 --> 0:06:56.120 than just a podcast. When you reached out to me 0:06:56.160 --> 0:06:58.920 like we need to really do something to change the world. 0:06:59.040 --> 0:07:01.120 I ain't the word coach because it just gets watered 0:07:01.120 --> 0:07:01.760 down so much. 0:07:02.320 --> 0:07:06.320 You know what I'm saying. Yeah, it's like that's a fact. 0:07:06.560 --> 0:07:07.159 That's a fact. 0:07:07.279 --> 0:07:08.520 I appreciate you for putting me on. 0:07:09.560 --> 0:07:10.760 But it was like, you know what I'm saying, Let's 0:07:10.840 --> 0:07:13.720 change the world, and the problem. You know, I never 0:07:13.840 --> 0:07:17.080 understood like until recently. Shot to MJ the. 0:07:17.080 --> 0:07:19.360 Mortgage guy, shout out he uh. 0:07:19.640 --> 0:07:21.640 He enlightened me on a lot of different things, like 0:07:22.480 --> 0:07:25.240 you can only put so much information in a podcast. 0:07:25.320 --> 0:07:28.200 It's just a fact. This is why education is still important. 0:07:28.240 --> 0:07:30.440 I'm not anti college like people think I'm anti college 0:07:30.440 --> 0:07:32.120 because I always talk bad about college. 0:07:32.280 --> 0:07:33.960 I'm not even bad about college all the time. 0:07:34.040 --> 0:07:35.320 I just feel like a lot of it's just the way, 0:07:35.400 --> 0:07:37.600 not even college so much, but it's just education period. 0:07:37.640 --> 0:07:37.960 Education. 0:07:38.640 --> 0:07:42.160 I'm not I'm not anti college. I have a college degree, 0:07:42.240 --> 0:07:43.400 but I just feel. 0:07:43.080 --> 0:07:45.720 That say that again. 0:07:45.800 --> 0:07:47.680 Man, know everybody know what I have a college I'm 0:07:47.680 --> 0:07:50.920 saying like I didn't know that, Broye, I have people. 0:07:51.000 --> 0:07:52.720 You know, I went to Hawaii play basketball. 0:07:52.840 --> 0:07:55.040 I forgot you. I thought you was like on something. 0:07:55.040 --> 0:07:57.600 I just people. 0:07:57.360 --> 0:07:59.880 People got that misusception. Even like today they was just like, yo, 0:08:01.080 --> 0:08:03.000 you know that. I I'm like, you went to school 0:08:03.040 --> 0:08:03.320 to like. 0:08:03.240 --> 0:08:07.239 We both had education as a background for us only foundation. 0:08:07.400 --> 0:08:08.440 I finished in three years. 0:08:08.800 --> 0:08:13.600 Bro. I keep telling y'all, listen, I'm not a financial. 0:08:14.840 --> 0:08:18.480 He could take you the glory that. 0:08:18.040 --> 0:08:19.880 But what Mickey fact shout out to Mickey fact is 0:08:19.880 --> 0:08:20.640 one of my favorite. 0:08:22.360 --> 0:08:23.320 Yeah, that's hard. 0:08:23.400 --> 0:08:25.040 When he came on and he spent the freestyle for 0:08:25.120 --> 0:08:28.440 us and he said, formal education will get you a portion, 0:08:28.560 --> 0:08:31.640 but self education will make you a fortune. And that's 0:08:31.720 --> 0:08:33.840 my life. Like, if I had to rely on my 0:08:33.880 --> 0:08:36.640 college degree right now, be in trouble. Just honestly speaking, 0:08:36.880 --> 0:08:39.400 I'll be in trouble. So it's the things that I 0:08:39.480 --> 0:08:43.600 learned outside of college, including early alesia. Like just in 0:08:43.640 --> 0:08:45.480 the last twelve and thirteen months, like you know what 0:08:45.480 --> 0:08:49.080 I'm saying, that has literally literally changed the trajectory of 0:08:49.080 --> 0:08:51.720 my not only my life, my son's life and God 0:08:51.760 --> 0:08:54.880 willing his children's lives. Like you know what I'm saying, 0:08:54.920 --> 0:08:56.760 Like it literally has changed. 0:08:57.240 --> 0:09:00.480 You see peop would have. It's not a facade. 0:09:00.520 --> 0:09:03.000 If you follow all of us on Instagram, you see 0:09:03.000 --> 0:09:06.959 the growth that's a fact only through education. So it's 0:09:07.000 --> 0:09:08.880 like when you came to me and you was like, yo, bro, 0:09:09.640 --> 0:09:11.439 let's do something, and were going back and forth. I'm like, 0:09:11.520 --> 0:09:13.360 let's do a podcast. You're going to through a podcast, right, 0:09:13.480 --> 0:09:16.520 You're going to do it. I think the hard part 0:09:16.559 --> 0:09:19.400 when people get into podcast is that you hear information. 0:09:19.440 --> 0:09:21.439 It becomes overload and some people going to act on it, 0:09:21.920 --> 0:09:25.320 but unfortunately a lot of people it's just it's just 0:09:25.360 --> 0:09:27.439 not enough, like you kind of need. And that's the 0:09:27.480 --> 0:09:29.920 good thing about school is like you need that certain 0:09:30.000 --> 0:09:32.640 level of like a tutor to like walk you through it, 0:09:32.679 --> 0:09:35.559 and here's a screen share on the website and show 0:09:35.600 --> 0:09:38.760 you and like how to open an account and like 0:09:39.200 --> 0:09:41.599 what stocked to like sometimes you got to hold a 0:09:41.679 --> 0:09:45.080 person's hand. Unfortunately, in one hour, even two hours, it's 0:09:45.120 --> 0:09:46.920 just not enough time to do that. So we're like, 0:09:46.960 --> 0:09:48.240 how do we do this? So he was going back 0:09:48.240 --> 0:09:50.680 and forth and this is the first time ever early 0:09:50.800 --> 0:09:53.720 lead the history, we actually collaborated with somebody and put 0:09:53.720 --> 0:09:55.640 together I don't even want to call it a curriculum. 0:09:55.640 --> 0:09:57.720 I don't want to call it a program. It's really 0:09:57.720 --> 0:10:02.400 a manual. We put together the a manual for generational 0:10:02.440 --> 0:10:06.440 wealth called the Family Pact, and it was just like 0:10:06.520 --> 0:10:08.839 the idea was just crazy, and it's like. 0:10:11.000 --> 0:10:11.760 Earners, what's up. 0:10:11.840 --> 0:10:14.880 You ever walk into a small business and everything just works, 0:10:15.240 --> 0:10:18.559 Like the checkout is fast, the receipts are digital, tipping 0:10:18.800 --> 0:10:21.240 is a breeze, and you're out the door before the 0:10:21.280 --> 0:10:25.640 line even builds odds are they're using Square. We love 0:10:25.679 --> 0:10:28.840 supporting businesses that run on Square because it just feels seamless. 0:10:29.000 --> 0:10:31.560 Whether it's a local coffee shop, a vendor at a 0:10:31.559 --> 0:10:34.440 pop up market, or even one of our merch partners, 0:10:34.679 --> 0:10:38.479 Square makes it easy for them to take payments, manage inventory, 0:10:38.559 --> 0:10:42.440 and run their business with confidence, all from one simple system. 0:10:42.960 --> 0:10:45.520 If you're a business owner or even just thinking about 0:10:45.600 --> 0:10:48.680 launching something soon, Square is hands down one of the 0:10:48.720 --> 0:10:52.160 best tools out there to help you start, run and grow. 0:10:52.440 --> 0:10:55.480 It's not just about payments, it's about giving you time 0:10:55.559 --> 0:10:58.480 back so you can focus on what matters most ready. 0:10:58.520 --> 0:11:01.880 To see how Square can transfer your business, visit Square 0:11:01.960 --> 0:11:06.480 dot com backslash go backslash eyl to learn more that 0:11:06.679 --> 0:11:12.120 Square dot com backslash, go backslash eyl. Don't wait, don't hesitate. 0:11:12.280 --> 0:11:14.640 Let's Square handle the back end so you can keep 0:11:14.679 --> 0:11:20.760 pushing your vision forward. This episode is brought to you 0:11:20.800 --> 0:11:23.080 by P and C Bank. A lot of people think 0:11:23.120 --> 0:11:27.000 podcasts about work are boring, and sure, they definitely can be, 0:11:27.520 --> 0:11:30.760 but understanding of professionals routine shows us how they achieve 0:11:30.800 --> 0:11:35.040 their success little by little, day after day. It's like 0:11:35.120 --> 0:11:37.880 banking with P and C Bank. It might seem boring 0:11:37.920 --> 0:11:40.800 to save, plan and make calculated decisions with your bank, 0:11:41.200 --> 0:11:43.680 but keeping your money boring is what helps you live 0:11:43.840 --> 0:11:47.800 or more happily fulfilled life. P and C Bank Brilliantly 0:11:47.880 --> 0:11:52.480 Boring since eighteen sixty five. Brilliantly Boring since eighteen sixty 0:11:52.480 --> 0:11:55.760 five is a service mark of the PNC Financial Service Group, Inc. 0:11:56.200 --> 0:11:59.600 P and C Bank National Association Member FDIC. 0:12:01.400 --> 0:12:05.000 An illegal alien from Guatemala charged with raping a child 0:12:05.080 --> 0:12:08.880 in Massachusetts. An MS thirteen gang member from Al Salvador 0:12:09.120 --> 0:12:13.240 accused of murdering a Texas. Man of Venezuelan charged with 0:12:13.320 --> 0:12:17.240 filming and selling child pornography in Michigan. These are just 0:12:17.320 --> 0:12:21.079 some of the heinous migrant criminals caught because of President 0:12:21.120 --> 0:12:24.640 Donald J. Trump's leadership. I'm Christy nom, the United States 0:12:24.720 --> 0:12:29.520 Secretary of Homeland Security. Under President Trump, attempted illegal border 0:12:29.559 --> 0:12:33.080 crossings are at the lowest levels ever recorded, and over 0:12:33.160 --> 0:12:36.360 one hundred thousand illegal aliens have been arrested. If you 0:12:36.440 --> 0:12:40.280 are here illegally, your next you will be fined nearly 0:12:40.400 --> 0:12:44.400 one thousand dollars a day, imprisoned, and deported. You will 0:12:44.440 --> 0:12:48.080 never return. But if you register using our CBP home 0:12:48.120 --> 0:12:51.520 app and leave now. You could be allowed to return legally. 0:12:51.880 --> 0:12:56.600 Do what's right. Leave now. Under President Trump, America's laws, 0:12:56.800 --> 0:12:59.240 border and families will be protected. 0:12:59.320 --> 0:13:01.400 Sponsored by United States Department of Homeland Security. 0:13:01.520 --> 0:13:02.920 He was like, yeah, I need you on it too, 0:13:03.080 --> 0:13:06.480 like a sauce bro as an advice, I need you 0:13:06.640 --> 0:13:06.800 on it. 0:13:06.880 --> 0:13:10.679 So I'm like, all right, So we talk about diffidends, 0:13:10.720 --> 0:13:13.880 you talk about reach, you'd give them like five growth 0:13:13.920 --> 0:13:17.360 stocks to pick mutual funds. I break down a mutual 0:13:17.400 --> 0:13:18.839 fund play because a lot of times people have the 0:13:18.880 --> 0:13:21.760 wrong misconceptions about mutual funds. But you can actually make 0:13:21.800 --> 0:13:24.360 a lot of money on the right mutual funds. Sometimes 0:13:24.400 --> 0:13:26.640 you don't even have to pay the knock on mutual 0:13:26.679 --> 0:13:28.240 funds that you pay a lot of money, but sometimes 0:13:28.280 --> 0:13:30.120 you don't have to pay that. If you know what 0:13:30.160 --> 0:13:31.920 you're doing, you get no load fund. And there's things 0:13:31.960 --> 0:13:33.800 that nation that we want. You broke that down, broke 0:13:33.840 --> 0:13:35.800 down index fund, broke down five to twenty nine plans. 0:13:36.920 --> 0:13:39.520 Please plans is crazy because it's like poke about five 0:13:39.559 --> 0:13:42.120 twenty nine plans. But it's like, you know, there's like 0:13:42.240 --> 0:13:44.720 thirty something states where you can actually get a tax benefit. 0:13:45.480 --> 0:13:47.480 But then there's like six states, but those thirty states, 0:13:47.520 --> 0:13:49.880 you have to actually live in that state and the 0:13:50.000 --> 0:13:51.840 five to twenty nine plan has to be in that state. 0:13:52.080 --> 0:13:53.800 But then it's like six states where you can actually 0:13:53.840 --> 0:13:56.880 invest in anybody's state five to twenty nine plan and 0:13:56.960 --> 0:13:59.079 you can still get a tax break. So it's just 0:13:59.200 --> 0:14:02.480 like it's just always so many different levels of onions 0:14:02.520 --> 0:14:05.360 to peel back. And then we went over to trust, Yes, 0:14:05.520 --> 0:14:06.959 and we broke that. It's the first time ever I 0:14:07.040 --> 0:14:10.640 broke down life insurance and actually like showed somebody like 0:14:11.360 --> 0:14:13.199 how I look at it as an advisor, like the 0:14:13.280 --> 0:14:16.320 access that I'm privy to, which is like you don't 0:14:16.360 --> 0:14:18.120 have that as a regular person, Like and I kind 0:14:18.160 --> 0:14:18.959 of like went through. 0:14:18.800 --> 0:14:20.720 That and I broke down a dynasty trust and. 0:14:21.120 --> 0:14:28.560 Dynasty Trust keep going. It was the whole thing. 0:14:28.640 --> 0:14:28.800 Man. 0:14:28.880 --> 0:14:32.400 It was like we actually gave the formula and different 0:14:33.040 --> 0:14:36.040 how to make your child a millionaire guarantee the investments, 0:14:36.080 --> 0:14:38.120 and it was like that alone took like a half 0:14:38.120 --> 0:14:40.240 an hour to actually explain. It's like it's like a 0:14:40.280 --> 0:14:43.960 whole thing, but it's just something like I said, it's 0:14:44.000 --> 0:14:46.560 like if we put that like we would have to 0:14:46.600 --> 0:14:48.560 literally through ten podcasts. 0:14:48.480 --> 0:14:50.440 And you still might miss something whole season. 0:14:50.520 --> 0:14:52.560 And I'm saying, like, nobody's really gonna sit for ten 0:14:52.640 --> 0:14:55.320 podcasts that have to be like his own, the Wall 0:14:55.320 --> 0:14:56.600 Street Trapper or your Lisha show. 0:14:58.160 --> 0:15:02.240 So talk about talk about talk about the family pack. 0:15:02.920 --> 0:15:04.840 So for me, you know, the reason why I really 0:15:04.920 --> 0:15:06.800 came to you with the idea is you know, this 0:15:06.960 --> 0:15:09.080 last year it was a lot of growth for me, 0:15:09.520 --> 0:15:12.440 and I realized that, yo, like I can talk about 0:15:12.480 --> 0:15:17.200 a lot of stuff because it's as you as you 0:15:17.320 --> 0:15:20.680 start learning more knowledge, you start seeking more knowledge, right, 0:15:20.720 --> 0:15:24.040 And I realized how knowledgeable you were, and we was 0:15:24.120 --> 0:15:26.520 having due conversations. So for me, it was like, bro, 0:15:26.720 --> 0:15:30.280 like like we can change something, but we're gonna have 0:15:30.480 --> 0:15:31.200 to walk them through it. 0:15:31.840 --> 0:15:34.080 Yeah, that was like we gotta, we gotta have to 0:15:34.560 --> 0:15:36.760 because you like, yo, they still not getting it, Like 0:15:36.760 --> 0:15:38.680 they're still not getting it, and like people come up 0:15:38.720 --> 0:15:41.880 to me but still don't get it. Bro, we literally 0:15:42.080 --> 0:15:44.920 have to walk there, hold their hands and walk them 0:15:44.960 --> 0:15:46.160 through this and that's okay. 0:15:46.400 --> 0:15:46.920 Now it's okay. 0:15:47.200 --> 0:15:50.560 And the reason why it's okay. And I see people 0:15:50.600 --> 0:15:52.920 get frustrated all the time, like I see people on 0:15:53.040 --> 0:15:55.760 Instagram saying stuff like I told you this, why are 0:15:55.760 --> 0:15:58.680 you doing? I'm like, yo, you're an educator, Like everybody 0:15:58.720 --> 0:16:01.280 sitting in the class learned different, you know what I'm saying. 0:16:01.400 --> 0:16:03.720 So I was like, we gotta walk them through it. 0:16:04.080 --> 0:16:06.920 One is because you don't know what you don't know 0:16:07.520 --> 0:16:10.760 until you exposed to it, right. I remember my first 0:16:10.800 --> 0:16:14.880 time cooking up brun I burned it. The water turned brown. 0:16:15.520 --> 0:16:17.800 I had to call my at and she had to 0:16:17.960 --> 0:16:21.360 like show me what I was doing. But she played 0:16:21.400 --> 0:16:22.840 me because she took a lot of you know, she 0:16:23.440 --> 0:16:25.320 she took me the shake. 0:16:25.160 --> 0:16:25.560 Out of it. 0:16:26.600 --> 0:16:30.760 She charged me for it, and she played me. And 0:16:30.880 --> 0:16:32.600 by the time I got what she left me with, 0:16:32.720 --> 0:16:35.280 it was just enough to get another package. But because 0:16:35.320 --> 0:16:37.280 she walked me through it, I ain't need none more. 0:16:37.800 --> 0:16:39.680 So I was a l I took, but it was 0:16:39.720 --> 0:16:41.720 a learning lesson, you feel what I'm saying. 0:16:41.880 --> 0:16:45.480 So for me, I feel like over the last year, 0:16:47.080 --> 0:16:51.360 we've made financial literacy, investing in the stock market and 0:16:51.480 --> 0:16:55.280 all the great that breakdowns that y'all do every Tuesday 0:16:55.400 --> 0:17:00.320 and every Monday, we've now piqued people's interests. People understand now, 0:17:00.640 --> 0:17:03.480 especially with this pandemic and they're like, yo, I gotta 0:17:03.520 --> 0:17:06.800 do something else, and they want to do it. That's 0:17:06.840 --> 0:17:09.879 the great thing we've now made it, say, because I 0:17:09.920 --> 0:17:12.200 remember me coming up telling y'all, I'm telling my partners 0:17:12.200 --> 0:17:14.199 about it, and they're like, I'm not doing that, bro, 0:17:14.280 --> 0:17:16.520 you tripping right, And here we are a year later, 0:17:16.720 --> 0:17:19.200 my partners now like, bro, I just bought some apple 0:17:19.359 --> 0:17:21.920 and people don't know, like trapped, you changing my life 0:17:21.920 --> 0:17:25.359 because this write the compensation change. Because we've been beating it, 0:17:25.760 --> 0:17:30.920 like we ain't stopping Market Monday, trapping tooldy podcast, Market Monday, 0:17:31.040 --> 0:17:34.879 trapping Toody podcast. This we consistent. So now it's like 0:17:35.000 --> 0:17:37.520 we've piqued the interest and now people are like, all right, 0:17:37.600 --> 0:17:38.800 I want to do it, but I don't know what 0:17:38.880 --> 0:17:40.920 to do. All right, Cool. That's what this well pack 0:17:41.040 --> 0:17:41.320 is about. 0:17:41.320 --> 0:17:47.159 It's about saying, Okay, I made the mistakes for you, hopefully, 0:17:47.520 --> 0:17:49.640 hopefully you don't have to do it to that Butha'm. 0:17:49.320 --> 0:17:51.119 Gonna make sure you ain't gonna do it. See if 0:17:51.119 --> 0:17:52.840 I just tell it to you, you're still liable to 0:17:52.920 --> 0:17:56.240 make the mistakes because you're trying to replay what I said, 0:17:57.280 --> 0:17:59.440 and it's gonna you know, you ain't really getting it. 0:17:59.880 --> 0:18:01.920 I can tell you watch out of that hole, but 0:18:02.080 --> 0:18:04.560 it's so many other things going on you still fall 0:18:04.600 --> 0:18:06.360 in the hole. But now if I grab your hand 0:18:06.400 --> 0:18:08.480 and say, look, we're gonna step over this whole, and 0:18:08.600 --> 0:18:10.880 I got your hand, You're like, okay, let me step 0:18:10.920 --> 0:18:13.520 over the whole. Right, So it's important. It was important 0:18:13.520 --> 0:18:16.280 for me to say, let's shift gives. Let's not just 0:18:16.400 --> 0:18:17.800 tell them, let's lead them. 0:18:18.680 --> 0:18:21.879 And what makes it so impressive is that you know, 0:18:21.960 --> 0:18:24.800 most times people, you know, they take programs they take 0:18:24.840 --> 0:18:25.359 cause it's. 0:18:25.240 --> 0:18:26.000 Really about themselves. 0:18:26.720 --> 0:18:27.200 But this ain't. 0:18:27.280 --> 0:18:29.600 This is about you, but it's about your family. And like, 0:18:29.640 --> 0:18:31.920 who doesn't want to set up that family right clug? 0:18:32.000 --> 0:18:33.159 You know what I'm saying. Who doesn't want to be 0:18:33.200 --> 0:18:36.119 the plug to create generational welcome themselves. 0:18:36.119 --> 0:18:38.919 It's the most selfless act you can give. So I mean, 0:18:39.160 --> 0:18:41.320 it's not even no more than we can actually even 0:18:41.320 --> 0:18:42.800 say about it. I just feel like it's just a 0:18:42.840 --> 0:18:44.639 really proud thing that we're proud of it. That's the 0:18:44.760 --> 0:18:48.119 partner with you as our first product that we actually 0:18:48.240 --> 0:18:49.040 are part of that. 0:18:49.359 --> 0:18:53.320 Magically you know, performed on like aist. I feel like 0:18:53.320 --> 0:18:54.000 an artist. 0:18:55.359 --> 0:18:58.439