1 00:00:05,120 --> 00:00:06,040 Speaker 1: Welcome to the show. 2 00:00:06,200 --> 00:00:10,200 Speaker 2: I'm Rashwan MacDonald, the host of Money Making Conversations Masterclass, 3 00:00:10,440 --> 00:00:13,320 Speaker 2: where we encourage people to stop reading other people's success 4 00:00:13,360 --> 00:00:14,160 Speaker 2: stories and. 5 00:00:14,120 --> 00:00:15,440 Speaker 1: Start planning their own. 6 00:00:16,040 --> 00:00:19,520 Speaker 2: Listen up as I interview entrepreneurs from around the country, 7 00:00:19,720 --> 00:00:22,600 Speaker 2: talk to celebrities and ask them how they are running 8 00:00:22,640 --> 00:00:25,520 Speaker 2: their companies, and speak with god profits who are making 9 00:00:25,520 --> 00:00:28,560 Speaker 2: a difference in their local communities. Now, sit back and 10 00:00:28,600 --> 00:00:31,680 Speaker 2: listen as we unlock the secrets to their success on 11 00:00:31,800 --> 00:00:37,600 Speaker 2: Money Making Conversations Masterclass. My next guest is George Fraser, 12 00:00:37,760 --> 00:00:38,760 Speaker 2: called him Doctor George C. 13 00:00:38,920 --> 00:00:39,360 Speaker 1: Fraser. 14 00:00:39,479 --> 00:00:42,519 Speaker 2: He's a chairman and CEO of Fraser Net, a company 15 00:00:42,520 --> 00:00:46,839 Speaker 2: founded over thirty years ago. Doctor George Fraser renowned networking guru, 16 00:00:47,320 --> 00:00:50,479 Speaker 2: business leader, author and entrepreneur who is regarded as one 17 00:00:50,520 --> 00:00:55,480 Speaker 2: of the foremost respected authorities on entrepreneurship and building generational 18 00:00:55,520 --> 00:00:59,400 Speaker 2: wealth and economic empowerment for the Black community. He will 19 00:00:59,400 --> 00:01:02,920 Speaker 2: be talking about his annual Power Networking conference plus give 20 00:01:03,000 --> 00:01:05,600 Speaker 2: us some great value about how we could be successful 21 00:01:05,760 --> 00:01:09,280 Speaker 2: in our own everyday life. Please welcome to Money Making Conversation, 22 00:01:09,640 --> 00:01:10,440 Speaker 2: Doctor George C. 23 00:01:10,600 --> 00:01:11,039 Speaker 1: Fraser. 24 00:01:11,880 --> 00:01:13,959 Speaker 3: Oh God bless you. Good to hear you. 25 00:01:14,720 --> 00:01:15,160 Speaker 4: I love it. 26 00:01:15,319 --> 00:01:18,560 Speaker 3: I always I've always loved the energy and your voice. Hell, 27 00:01:18,680 --> 00:01:20,400 Speaker 3: you motivate me, and I'm a motivator. 28 00:01:20,760 --> 00:01:22,760 Speaker 2: Well you know that always a company because you know 29 00:01:22,840 --> 00:01:25,360 Speaker 2: you It's like, you know, I'm sure when Michael Jordan 30 00:01:25,440 --> 00:01:27,520 Speaker 2: got on the court and I call you Michael Jordan, Now. 31 00:01:27,360 --> 00:01:28,520 Speaker 1: It ain't U, Sean McDonald. 32 00:01:29,280 --> 00:01:31,240 Speaker 2: I just thought myself to be a little bit. 33 00:01:31,440 --> 00:01:31,520 Speaker 5: Uh. 34 00:01:32,040 --> 00:01:34,520 Speaker 1: I'm not even gonna say Lebron. I'm not even Lebron. 35 00:01:35,000 --> 00:01:38,399 Speaker 2: But you Michael Jordan, Doctor George Fraser, understand that man 36 00:01:38,480 --> 00:01:42,880 Speaker 2: well respected in this business of entrepreneurship because you all know, 37 00:01:43,480 --> 00:01:46,679 Speaker 2: like now, entrepreneurs almost become a fad, just like the 38 00:01:46,720 --> 00:01:49,400 Speaker 2: word branding has become a fad. But you know you 39 00:01:49,520 --> 00:01:53,120 Speaker 2: started this whole networking in a relationship before it was 40 00:01:53,160 --> 00:01:57,160 Speaker 2: even volgue talk about how it was when we started 41 00:01:57,160 --> 00:02:00,000 Speaker 2: the Fraser networking and not how it is now, especially 42 00:02:00,240 --> 00:02:03,960 Speaker 2: with social media being so prevalent in the process of networking. 43 00:02:04,880 --> 00:02:08,799 Speaker 3: Yeah, that's an excellent point for Sean. Social media has 44 00:02:08,840 --> 00:02:12,280 Speaker 3: helped all of us to stay connected, to get connected, 45 00:02:13,200 --> 00:02:18,480 Speaker 3: and to leverage more effectively our collective resources and intellectual capital. 46 00:02:19,120 --> 00:02:23,360 Speaker 3: And so I love it. It has really helped to spread 47 00:02:23,400 --> 00:02:27,040 Speaker 3: the word about economic development and wealth creation has helped us, 48 00:02:27,560 --> 00:02:33,320 Speaker 3: in fact, to understand the rules for financial success. I 49 00:02:33,360 --> 00:02:35,800 Speaker 3: mean I say there are three basic rules. There are 50 00:02:35,800 --> 00:02:41,440 Speaker 3: three basic rules that will if you're looking for financial freedom. 51 00:02:41,480 --> 00:02:45,600 Speaker 3: If you follow these three basic rules, there's no way 52 00:02:45,639 --> 00:02:48,720 Speaker 3: that you can go wrong. Rule Number one, your rent 53 00:02:49,080 --> 00:02:51,640 Speaker 3: or mortgage should be less than what you make in 54 00:02:51,680 --> 00:02:54,480 Speaker 3: a week. I cannot tell you how many black people 55 00:02:54,560 --> 00:02:57,440 Speaker 3: are house for your rent or mortgage should be no 56 00:02:57,520 --> 00:02:59,600 Speaker 3: more than you make in a week. So if you 57 00:02:59,639 --> 00:03:03,919 Speaker 3: have a household income, you combine the income for a week, 58 00:03:04,120 --> 00:03:07,000 Speaker 3: and your rent or mortgage should be no more than that. 59 00:03:07,000 --> 00:03:12,640 Speaker 3: That's number one. Number two, only borrow money to make money. 60 00:03:12,680 --> 00:03:15,400 Speaker 3: So yes, you can borrow money to buy a house, 61 00:03:15,520 --> 00:03:17,920 Speaker 3: because if you keep your house, it is going to 62 00:03:18,000 --> 00:03:21,560 Speaker 3: make money. There's nothing wrong with that. If you're borrowing 63 00:03:21,639 --> 00:03:25,600 Speaker 3: money to buy a car, unless you're turning that car 64 00:03:25,960 --> 00:03:30,680 Speaker 3: into a useful and utilitarian tool to help you make 65 00:03:30,800 --> 00:03:33,280 Speaker 3: money get back and forth to work or do whatever 66 00:03:33,320 --> 00:03:36,040 Speaker 3: you need to do. That's a good thing, but it's 67 00:03:36,040 --> 00:03:39,839 Speaker 3: a depreciating asset rashon because the moment you buy that car, 68 00:03:39,880 --> 00:03:42,400 Speaker 3: if you turn that car around and try to take 69 00:03:42,440 --> 00:03:44,520 Speaker 3: it back to the dealer to get what you paid for, 70 00:03:44,880 --> 00:03:46,760 Speaker 3: you would not get it. 71 00:03:45,800 --> 00:03:48,760 Speaker 2: It'd be a fot on the showroom floor. 72 00:03:50,280 --> 00:03:53,600 Speaker 3: That's right, exactly same thing with diamonds, Rashan. You can 73 00:03:53,640 --> 00:03:56,480 Speaker 3: buy you a beautiful diamond bracelet. If you turned around 74 00:03:56,520 --> 00:03:59,280 Speaker 3: and try to sell it back to the jewel for 75 00:03:59,400 --> 00:04:01,680 Speaker 3: what you just stay for it, you will not get it. 76 00:04:01,800 --> 00:04:06,200 Speaker 3: So borrow money to make more money and figure out 77 00:04:06,560 --> 00:04:09,400 Speaker 3: whatever you're borrowing money for. How are you going to 78 00:04:09,520 --> 00:04:12,640 Speaker 3: get something in return for your investment? And that's what 79 00:04:12,680 --> 00:04:15,320 Speaker 3: you expect. You expect a return on your investment. 80 00:04:15,480 --> 00:04:15,760 Speaker 5: That's so. 81 00:04:15,800 --> 00:04:20,159 Speaker 3: That's number two and number three. This is deep. As 82 00:04:20,200 --> 00:04:28,359 Speaker 3: your income increases, your cost of living should decrease or 83 00:04:28,520 --> 00:04:33,600 Speaker 3: stay the same. Stop living brothers and sisters above your means. 84 00:04:34,040 --> 00:04:36,599 Speaker 3: Stop living which means you're spending more than your earn. 85 00:04:37,080 --> 00:04:41,120 Speaker 3: Stop living even within your means, which means you're spending 86 00:04:41,200 --> 00:04:46,640 Speaker 3: everything you earn, and live below your means, and invest 87 00:04:47,080 --> 00:04:51,480 Speaker 3: the rest. Right, So, as your income increases, your cost 88 00:04:51,680 --> 00:04:57,040 Speaker 3: of living should either decrease or stay the same. Do 89 00:04:57,080 --> 00:05:00,760 Speaker 3: not raise your cost of living. In course, you got 90 00:05:00,839 --> 00:05:04,560 Speaker 3: to raise take that difference between what you were earning 91 00:05:04,960 --> 00:05:10,599 Speaker 3: and what you're now earning and invest in, don't spend it. 92 00:05:10,720 --> 00:05:15,560 Speaker 3: And the first person you invest in is you. Tithes 93 00:05:16,080 --> 00:05:21,000 Speaker 3: to you first, take the money off the top, don't 94 00:05:21,080 --> 00:05:23,599 Speaker 3: spend what you have to spend to pay your bills, 95 00:05:23,640 --> 00:05:26,279 Speaker 3: and then invest what you got left. No no, no, no 96 00:05:26,080 --> 00:05:31,920 Speaker 3: no no no. Invest in you first. And then if 97 00:05:31,960 --> 00:05:35,240 Speaker 3: you follow these three rules, there's no way that you 98 00:05:35,320 --> 00:05:37,479 Speaker 3: cannot land on financial freedom. 99 00:05:38,560 --> 00:05:40,520 Speaker 1: And that's what we're all talking about, financial freedom. 100 00:05:40,520 --> 00:05:42,680 Speaker 3: We're suing. There's six habits that will keep us broke. 101 00:05:42,760 --> 00:05:46,640 Speaker 3: There's six habits that will keep you broke. Right, not 102 00:05:46,839 --> 00:05:50,800 Speaker 3: talking about money. Right, we don't talk about it in school, 103 00:05:50,839 --> 00:05:53,560 Speaker 3: We generally don't talk about it around the family table. 104 00:05:53,800 --> 00:05:56,920 Speaker 3: That'll keep you broke. You've got to talk about money. 105 00:05:57,080 --> 00:06:02,960 Speaker 3: Understand capitalism, understand money. So talking about money will help 106 00:06:03,040 --> 00:06:06,040 Speaker 3: prevent you from keeping broke. Talking about it around the 107 00:06:06,120 --> 00:06:09,360 Speaker 3: family table, talking about it among your friends is more 108 00:06:09,400 --> 00:06:13,520 Speaker 3: important than what's happening on Real Housewives of Atlanta. Okay, 109 00:06:13,880 --> 00:06:19,719 Speaker 3: Number two, failing to build an emergency fund. Now, we've 110 00:06:19,760 --> 00:06:22,640 Speaker 3: all been taught that we need to save some money 111 00:06:22,680 --> 00:06:26,880 Speaker 3: for a rainy day, So failing to build an emergency fund, 112 00:06:27,480 --> 00:06:30,719 Speaker 3: for more than six months. I would look at it now, 113 00:06:30,800 --> 00:06:33,240 Speaker 3: for at least a year. What does it take for 114 00:06:33,320 --> 00:06:36,240 Speaker 3: you to live to re maintain your standard of living 115 00:06:36,560 --> 00:06:39,960 Speaker 3: for at least twelve months? Right, and make sure that 116 00:06:40,040 --> 00:06:43,560 Speaker 3: you have that as cash available to you. Number three 117 00:06:44,120 --> 00:06:47,560 Speaker 3: making impulse purchases. Let me say it a different way. 118 00:06:48,520 --> 00:06:51,200 Speaker 3: I would rather carry a plastic bag with five thousand 119 00:06:51,200 --> 00:06:53,279 Speaker 3: dollars in it than to carry a five thousand dollars 120 00:06:53,279 --> 00:06:55,719 Speaker 3: Louis VI Tom bag with one hundred dollars in it. 121 00:06:55,880 --> 00:07:01,279 Speaker 3: Stop making impulse purchases, right, that's going to drain you 122 00:07:01,480 --> 00:07:06,880 Speaker 3: of your cash available. Number four buying items you don't 123 00:07:07,040 --> 00:07:09,920 Speaker 3: need because they are on sale. Now I have to 124 00:07:10,080 --> 00:07:13,480 Speaker 3: chastise my wife often about this dollard. Why do you buy? Well, 125 00:07:13,520 --> 00:07:15,240 Speaker 3: it was on sale, I said, but you already got 126 00:07:15,280 --> 00:07:20,440 Speaker 3: three of them, right, So buying stuff that you don't need. 127 00:07:20,800 --> 00:07:26,360 Speaker 3: Manage your impulse buying. And Number five paying bills late 128 00:07:26,480 --> 00:07:30,920 Speaker 3: because of the exorbitant interest rates. When you pay your 129 00:07:30,960 --> 00:07:34,560 Speaker 3: bills late, especially those credit cards, Man, you look at 130 00:07:34,600 --> 00:07:37,360 Speaker 3: the annual interest rate on these credit cards and if 131 00:07:37,400 --> 00:07:40,160 Speaker 3: you're paying the minimum that you have to pay each 132 00:07:40,200 --> 00:07:42,800 Speaker 3: month on the you will never pay that credit card off. 133 00:07:44,160 --> 00:07:51,320 Speaker 6: Interest move that's right, absolutely, You'll never pay it off, right, 134 00:07:51,640 --> 00:07:55,800 Speaker 6: So don't pay your bills late, don't pay the minimums. 135 00:07:56,160 --> 00:08:01,080 Speaker 3: Always pay more. I try to pay double to triple 136 00:08:01,360 --> 00:08:05,160 Speaker 3: the minimum. Five months, I'm I might pay twenty five 137 00:08:05,240 --> 00:08:09,480 Speaker 3: percent of what I owe. So that's number five. Don't 138 00:08:09,480 --> 00:08:12,600 Speaker 3: pay bills late and don't pay minimums is the beautiful 139 00:08:12,600 --> 00:08:15,720 Speaker 3: point you made. And number six the improper use of 140 00:08:15,760 --> 00:08:20,160 Speaker 3: credit cards. The improper use of credit cards. Fifteen years ago, 141 00:08:20,320 --> 00:08:24,280 Speaker 3: I cut up all of my I have no credit cards. 142 00:08:24,360 --> 00:08:28,240 Speaker 3: What I have are debit cards that are attached to 143 00:08:28,320 --> 00:08:32,520 Speaker 3: my bank account for Sean, and I cannot spend any 144 00:08:32,600 --> 00:08:36,120 Speaker 3: more than I have in my damn checking account. So 145 00:08:36,200 --> 00:08:39,000 Speaker 3: you know, I'm thinking about every time I use my 146 00:08:39,200 --> 00:08:42,160 Speaker 3: debit card. And I got three or four of them 147 00:08:42,679 --> 00:08:45,880 Speaker 3: because I have various banks for various needs. But I 148 00:08:45,920 --> 00:08:52,240 Speaker 3: can never spend any more than I have available right now, right, 149 00:08:52,559 --> 00:08:56,560 Speaker 3: So improper use of So these are habits that keep 150 00:08:56,880 --> 00:09:01,760 Speaker 3: us broke. And we are also the most financially illiterate 151 00:09:01,840 --> 00:09:04,920 Speaker 3: people in America. We are at the bottom of every 152 00:09:04,920 --> 00:09:08,839 Speaker 3: single statistic that matters in this country economically, and so 153 00:09:09,040 --> 00:09:13,040 Speaker 3: we need to educate ourselves, educate our children. This is 154 00:09:13,080 --> 00:09:16,680 Speaker 3: related to talking about money, and as a result of that, 155 00:09:17,679 --> 00:09:22,880 Speaker 3: as a responsible leader in this country as you are, 156 00:09:23,679 --> 00:09:29,280 Speaker 3: we started our Wins Wealth Building Centers to address financial 157 00:09:29,360 --> 00:09:32,520 Speaker 3: illiteracy in Black America because if the business of America 158 00:09:32,640 --> 00:09:37,080 Speaker 3: is business, it is dangerous, rashwan and self defeating to 159 00:09:37,160 --> 00:09:42,240 Speaker 3: be financially illiterate. Therefore, education is the answer. The key 160 00:09:42,320 --> 00:09:48,000 Speaker 3: to a well rounded financial education is to align people's mindsets, 161 00:09:48,080 --> 00:09:52,760 Speaker 3: their habits, their values and solutions with the importance of 162 00:09:52,800 --> 00:09:57,160 Speaker 3: the overall goals of Black America, or according to numerous 163 00:09:57,240 --> 00:10:02,679 Speaker 3: analytical statistics and studies and addictions, we will ultimately if 164 00:10:02,760 --> 00:10:08,880 Speaker 3: we don't fix our financial badass habits right, we will 165 00:10:08,920 --> 00:10:12,680 Speaker 3: be relegated to permanent second class citizenry and we will 166 00:10:12,760 --> 00:10:16,520 Speaker 3: end up in a second slavery. So we develop in 167 00:10:17,080 --> 00:10:21,400 Speaker 3: twenty eighteen the Winds Wealth Building Centers and curriculum to address, 168 00:10:21,840 --> 00:10:26,280 Speaker 3: among other things, the psychology, the emotions, and our relationship 169 00:10:26,280 --> 00:10:31,520 Speaker 3: with money in both the secular and non secular Black organizations, 170 00:10:31,559 --> 00:10:34,760 Speaker 3: both the church and other Black organizations. And we're softly 171 00:10:34,800 --> 00:10:39,320 Speaker 3: focusing on our deep seat to struggle with instant versus 172 00:10:39,480 --> 00:10:42,760 Speaker 3: delayed gratifications one of the very bad habits that we have, 173 00:10:43,280 --> 00:10:49,359 Speaker 3: and we're struggling with the basics of financial growth to include, 174 00:10:49,400 --> 00:10:52,640 Speaker 3: but is not limited to, the four pillars for the 175 00:10:52,679 --> 00:10:56,160 Speaker 3: intergenerational transfer of wealth. That is the essence of our 176 00:10:56,200 --> 00:11:00,320 Speaker 3: Wins Financial centers, and we've got over twenty Church is 177 00:11:00,400 --> 00:11:04,520 Speaker 3: already involved with our curriculum and with our program. But 178 00:11:04,640 --> 00:11:07,480 Speaker 3: the four pillars very simply are the proper management of 179 00:11:07,520 --> 00:11:10,839 Speaker 3: accumulated wealth so that we can stop reading about entertainers 180 00:11:10,840 --> 00:11:13,839 Speaker 3: and athletes that earn one hundred million dollars in their 181 00:11:13,880 --> 00:11:16,880 Speaker 3: career and within five years they're either broke or in bankruptcy. 182 00:11:17,280 --> 00:11:21,720 Speaker 3: The second pillar is real estate ownership, both residential and 183 00:11:22,480 --> 00:11:25,480 Speaker 3: commercial real estate. It is a hornys stone for the 184 00:11:25,520 --> 00:11:30,080 Speaker 3: intergenerational transfer wealth. The fourth food is business development. We 185 00:11:30,200 --> 00:11:33,800 Speaker 3: are the consumption class in this country, white folks, or 186 00:11:33,800 --> 00:11:37,640 Speaker 3: the merchant class. They make stuff and we buy. Stop 187 00:11:37,720 --> 00:11:40,880 Speaker 3: doing that, brothers and sisters. If you sell something, sell 188 00:11:40,960 --> 00:11:43,480 Speaker 3: something in America, two things are going When twenty four 189 00:11:43,520 --> 00:11:47,360 Speaker 3: to seven somebody's buying and somebody selling. We're doing all 190 00:11:47,400 --> 00:11:50,120 Speaker 3: the day I'm buying. So if you bake cookies, you know, 191 00:11:50,160 --> 00:11:51,880 Speaker 3: put them in a box put your name on it 192 00:11:52,000 --> 00:11:54,360 Speaker 3: and sell it to somebody. Right, if you live on 193 00:11:54,400 --> 00:11:57,480 Speaker 3: a farm, take them manure. Put it in a bag, 194 00:11:57,720 --> 00:11:59,920 Speaker 3: put your name on it, and sell it to somebody. 195 00:12:00,040 --> 00:12:03,040 Speaker 3: That you can become an entre manure. Okay, stop doing 196 00:12:03,200 --> 00:12:06,400 Speaker 3: all the day I'm buying and sell something. This is 197 00:12:06,559 --> 00:12:10,640 Speaker 3: extremely important. On this I'll give one final little quote 198 00:12:10,880 --> 00:12:15,319 Speaker 3: by Bishop Tutor, Bishop Tutor Bismarck. He wrote a wonderful 199 00:12:15,720 --> 00:12:19,559 Speaker 3: book called Kingdom Economics, and I'm going to quote you, 200 00:12:19,960 --> 00:12:24,280 Speaker 3: and he says, as black people, we have embarked upon 201 00:12:24,360 --> 00:12:30,240 Speaker 3: a new millennium, and this millennium brings momentous change, receive 202 00:12:30,320 --> 00:12:34,880 Speaker 3: differences in every facet of society, cultural shifts, economic upheavals, 203 00:12:34,920 --> 00:12:40,319 Speaker 3: political changes, and more. As believers, it is imperative not 204 00:12:40,400 --> 00:12:44,120 Speaker 3: only must we be spiritually sound, but we must also 205 00:12:44,480 --> 00:12:51,080 Speaker 3: establish a firm kingdom economic foundation. We must now unlock 206 00:12:51,320 --> 00:12:56,680 Speaker 3: the keys to economic empowerment well and to quote, I 207 00:12:56,720 --> 00:13:00,440 Speaker 3: can quote with that. And so I'm recommending that brothers 208 00:13:00,480 --> 00:13:03,679 Speaker 3: and sisters out there, if you belong to a church family, 209 00:13:04,080 --> 00:13:07,280 Speaker 3: talk to your pastor get in touch with us and 210 00:13:07,320 --> 00:13:10,520 Speaker 3: put a wins wealth building center. It's a little license 211 00:13:10,559 --> 00:13:15,840 Speaker 3: agreement and use our curriculum and start educating your congregation. 212 00:13:15,960 --> 00:13:18,600 Speaker 3: You'll have a better congregation. You will have a more 213 00:13:19,679 --> 00:13:24,040 Speaker 3: financial free congregation. They'll be better tithes, they'll be better givers. 214 00:13:24,280 --> 00:13:27,559 Speaker 3: So this is a very, very big and important idea 215 00:13:27,640 --> 00:13:30,960 Speaker 3: that must be sustained over at least three or the 216 00:13:30,960 --> 00:13:32,360 Speaker 3: next three or four generations. 217 00:13:32,440 --> 00:13:33,959 Speaker 1: So that's that's important. 218 00:13:34,040 --> 00:13:37,240 Speaker 4: Yeah, please don't go anywhere. We'll be right back with 219 00:13:37,360 --> 00:13:47,400 Speaker 4: more Money Making Conversations Masterclass. Welcome back to the Money 220 00:13:47,400 --> 00:13:50,840 Speaker 4: Making Conversations Masterclass, hosted by Rashaan McDonald. 221 00:13:51,080 --> 00:13:53,559 Speaker 2: The Power Networking Conference has been the home of black 222 00:13:53,679 --> 00:13:56,960 Speaker 2: entrepreneurs looking to connect. That's important when I say connect, 223 00:13:57,040 --> 00:14:00,480 Speaker 2: grow and prosper. Forbes voted as voted it as one 224 00:14:00,480 --> 00:14:03,160 Speaker 2: of the top five conferences in the world for entrepreneurs. 225 00:14:03,520 --> 00:14:06,200 Speaker 2: They pride themselves on unique philosophy of network and building 226 00:14:06,200 --> 00:14:08,280 Speaker 2: a financial legacy for your grandchildren. 227 00:14:08,520 --> 00:14:09,640 Speaker 1: And this is about the future. 228 00:14:09,760 --> 00:14:13,319 Speaker 3: And the reason I love it is because we launched 229 00:14:13,360 --> 00:14:19,760 Speaker 3: at our conference the first virtual nation, called Fraser Nation. 230 00:14:20,080 --> 00:14:22,480 Speaker 3: It was a virtual and this is before the pandemic. 231 00:14:22,560 --> 00:14:25,400 Speaker 3: So I'm not you know, I'm not a soothsayer. I 232 00:14:25,440 --> 00:14:29,120 Speaker 3: can't predict the future. I was not predicting a pandemic 233 00:14:29,360 --> 00:14:31,920 Speaker 3: that would make everything go virtual. But I said, I 234 00:14:31,960 --> 00:14:36,880 Speaker 3: think we could have a virtual nation, right, And it's 235 00:14:37,040 --> 00:14:44,480 Speaker 3: very simply provide access to overall training and coaching and 236 00:14:44,560 --> 00:14:48,240 Speaker 3: modeling that is needed by our citizens and therefore help 237 00:14:48,320 --> 00:14:53,200 Speaker 3: improve the recycling of black dollars and intellectual capital among 238 00:14:53,320 --> 00:14:58,040 Speaker 3: our citizens and allies. It's this massive database of pop 239 00:14:58,120 --> 00:15:02,760 Speaker 3: black professionals, business owners and community leaders right access the 240 00:15:02,840 --> 00:15:07,480 Speaker 3: intellectual capital, access the products and services that black people 241 00:15:07,800 --> 00:15:11,880 Speaker 3: sell around the world, right, and then the entire Pan 242 00:15:11,920 --> 00:15:16,840 Speaker 3: African diaspora when you look at the businesses that we 243 00:15:16,920 --> 00:15:21,200 Speaker 3: own and we're not supporting like we should support. So 244 00:15:21,320 --> 00:15:26,360 Speaker 3: this helped the connectivity of that. And they provide this 245 00:15:26,520 --> 00:15:31,840 Speaker 3: kind of database and virtual meetings and virtual conferences and 246 00:15:32,080 --> 00:15:40,400 Speaker 3: virtual summits and virtual workshops, right because virtual ain't going away. 247 00:15:40,520 --> 00:15:42,640 Speaker 2: That's why I'm saying, because a lot of people don't 248 00:15:42,720 --> 00:15:44,880 Speaker 2: understand that is that you can't look at it as 249 00:15:44,960 --> 00:15:47,240 Speaker 2: being negative and being negative because there's a brick and 250 00:15:47,280 --> 00:15:49,880 Speaker 2: mortar and the goals of frasing that are simple. Help 251 00:15:49,920 --> 00:15:53,280 Speaker 2: black people build wealth that can be transferred into generational 252 00:15:53,640 --> 00:15:56,840 Speaker 2: wealth opportunity for the future, help black people become the 253 00:15:56,920 --> 00:15:59,560 Speaker 2: number one employer of black people in the twenty first century. 254 00:16:00,040 --> 00:16:04,280 Speaker 2: Facility building a global network of Africans throughout the diaspora 255 00:16:04,600 --> 00:16:08,160 Speaker 2: whose focus is personal and business excellent and using it 256 00:16:08,200 --> 00:16:12,880 Speaker 2: to build partnerships, joint ventures, and strategic alliances. That's very 257 00:16:12,920 --> 00:16:15,360 Speaker 2: key right now now networking, right now. 258 00:16:15,160 --> 00:16:20,359 Speaker 3: The whole virtual thing has been normalized, right, yes, normally. 259 00:16:20,080 --> 00:16:21,080 Speaker 1: That's what I love it, George. 260 00:16:21,160 --> 00:16:25,240 Speaker 2: I'm so excited. I am so excited for your brand 261 00:16:25,280 --> 00:16:29,160 Speaker 2: because you know, we stumbled upon because of the COVID 262 00:16:29,200 --> 00:16:33,480 Speaker 2: nineteen the real purpose because you know, not that. 263 00:16:33,480 --> 00:16:35,240 Speaker 1: We didn't know, we didn't know. You know, we were 264 00:16:35,280 --> 00:16:36,360 Speaker 1: just doing what everybody do. 265 00:16:36,520 --> 00:16:39,400 Speaker 2: You know, IBM does it, all the big corporation do 266 00:16:39,520 --> 00:16:42,520 Speaker 2: these brick and mortar. But you had to be trained, 267 00:16:42,600 --> 00:16:46,160 Speaker 2: and the pandemic trained people to look at TV to zoom, 268 00:16:46,480 --> 00:16:48,200 Speaker 2: Instagram live, Facebook live. 269 00:16:48,280 --> 00:16:51,360 Speaker 1: So everybody's there. Now your brand is. 270 00:16:51,880 --> 00:16:55,000 Speaker 3: You go there, you go, there, you go there, you go, 271 00:16:55,360 --> 00:16:58,360 Speaker 3: no question about it. And with brothers like you promoting it, 272 00:16:58,480 --> 00:17:01,040 Speaker 3: I'm telling you this is very important. You're doing what 273 00:17:01,080 --> 00:17:05,840 Speaker 3: you're saying, your reach or your credibility, uh, the way 274 00:17:05,960 --> 00:17:09,400 Speaker 3: people trust you, I mean this is this is this 275 00:17:09,480 --> 00:17:13,160 Speaker 3: is this is the goal standard for how we get 276 00:17:13,200 --> 00:17:17,600 Speaker 3: this out and used by our people. We've got to 277 00:17:17,640 --> 00:17:22,320 Speaker 3: have people like you talking about it. And you talk 278 00:17:22,359 --> 00:17:25,080 Speaker 3: about it better than I do. I mean, you know 279 00:17:25,160 --> 00:17:28,560 Speaker 3: what because you see it, you see it, You see it. 280 00:17:28,600 --> 00:17:31,040 Speaker 3: You're a visionary, you see it. You know what the 281 00:17:31,119 --> 00:17:34,040 Speaker 3: possibilities are. You know that we have to do this. 282 00:17:34,400 --> 00:17:39,720 Speaker 3: We don't have any choice. Have to do Yeah, what 283 00:17:39,840 --> 00:17:43,320 Speaker 3: we have to do is create the instruments, the vessels 284 00:17:43,359 --> 00:17:46,680 Speaker 3: and the tools for us to do it and then 285 00:17:46,880 --> 00:17:55,520 Speaker 3: move it through uh that our marketing and advertising, radio, television, 286 00:17:55,680 --> 00:18:00,399 Speaker 3: social media system that is so targeted and so actively 287 00:18:00,560 --> 00:18:04,040 Speaker 3: utilized by black people. Man, it will it will work. 288 00:18:04,200 --> 00:18:05,320 Speaker 3: There is some question about it. 289 00:18:05,359 --> 00:18:07,720 Speaker 2: I want everybody to understand that that means that you 290 00:18:07,760 --> 00:18:10,080 Speaker 2: can be in Africa, you can be in English, you 291 00:18:10,119 --> 00:18:13,240 Speaker 2: can be in France, you can be in Mexico, you 292 00:18:13,280 --> 00:18:16,760 Speaker 2: can be in Canada, and now you can participate in 293 00:18:16,800 --> 00:18:17,560 Speaker 2: this conference. 294 00:18:18,320 --> 00:18:22,359 Speaker 1: And that why is so important that we tell everybody this. 295 00:18:22,440 --> 00:18:24,840 Speaker 2: I want you to take off your little narrow hats 296 00:18:25,080 --> 00:18:26,600 Speaker 2: by how can I participate? 297 00:18:27,160 --> 00:18:28,320 Speaker 1: You don't have to get on the plane. 298 00:18:28,720 --> 00:18:32,760 Speaker 2: This has been conceptionalized to be very network friendly for 299 00:18:32,880 --> 00:18:35,520 Speaker 2: all the things that he's always talked about, meet millionaires, 300 00:18:35,520 --> 00:18:39,760 Speaker 2: potential partners, investors, and build your network workshop speaks. All 301 00:18:39,760 --> 00:18:44,520 Speaker 2: these registration, student registration, all VP registration, Ultra VIP registration, 302 00:18:44,960 --> 00:18:48,880 Speaker 2: all these things, seminars, all these things are available virtually. 303 00:18:49,960 --> 00:18:53,280 Speaker 2: That's amazing to me that you know you don't fire up. 304 00:18:53,480 --> 00:18:55,600 Speaker 3: I mean, just think about that. I mean, when is 305 00:18:55,640 --> 00:18:57,520 Speaker 3: the last time Black. 306 00:18:57,240 --> 00:19:01,160 Speaker 5: People from all over the diaspora we're able to come 307 00:19:01,280 --> 00:19:06,760 Speaker 5: together around a common vision right with instruction, motivation. Some 308 00:19:06,800 --> 00:19:10,200 Speaker 5: of the best and baddest speakers and preachers on the planet, 309 00:19:10,920 --> 00:19:15,240 Speaker 5: The Reverend of Freddie Hayes coastes our talk every year. 310 00:19:15,359 --> 00:19:18,840 Speaker 5: Jamal Bryant opens the talk every year, and and I 311 00:19:18,840 --> 00:19:21,680 Speaker 5: mean we can just voice Watkins, it will be there 312 00:19:21,960 --> 00:19:23,840 Speaker 5: so we can go down the list. 313 00:19:24,440 --> 00:19:28,280 Speaker 3: It's just incredible. If you want to know more about 314 00:19:28,680 --> 00:19:33,000 Speaker 3: the Virtual Power Networking Conference, just go to uh www 315 00:19:33,000 --> 00:19:38,000 Speaker 3: Power Networking Conference dot com. Www Powernetworking Conference dot com. 316 00:19:38,240 --> 00:19:41,879 Speaker 3: If if in fact you can't find a link or 317 00:19:41,880 --> 00:19:45,320 Speaker 3: something that, just email me. Just email me very simply 318 00:19:45,359 --> 00:19:48,080 Speaker 3: a gphraser F R A S S and sam E 319 00:19:48,200 --> 00:19:53,320 Speaker 3: r f frasernet dot com Gfraser F frasernet dot com 320 00:19:53,600 --> 00:19:55,919 Speaker 3: and I'll make sure you get everything you need to 321 00:19:55,960 --> 00:19:56,920 Speaker 3: know to. 322 00:19:57,160 --> 00:20:03,240 Speaker 2: In fact, C Phraser, he's a renowned networking Gurul chairman 323 00:20:03,320 --> 00:20:07,080 Speaker 2: and CEO. You're never emailing just anybody, not an assistant doctor. 324 00:20:07,200 --> 00:20:09,000 Speaker 1: George C. Fraser, that's who you're internet. 325 00:20:09,080 --> 00:20:12,600 Speaker 2: Renowned networking Gurule chairman and CEO of Fraser Net, a 326 00:20:12,640 --> 00:20:15,240 Speaker 2: company he founded over thirty two years ago to lead 327 00:20:15,320 --> 00:20:19,680 Speaker 2: global networking and economic development movement for people of African descent. 328 00:20:20,800 --> 00:20:21,879 Speaker 1: That's fraser Net. 329 00:20:22,119 --> 00:20:24,879 Speaker 2: A belief that we should be in the game, not 330 00:20:25,000 --> 00:20:30,480 Speaker 2: as buyers, but as sellers people product, put your name 331 00:20:30,560 --> 00:20:33,280 Speaker 2: on something, become an entrepreneur, telling you how you can 332 00:20:33,320 --> 00:20:35,919 Speaker 2: become an entrepreneur, putting a plan in place so you 333 00:20:35,920 --> 00:20:38,400 Speaker 2: can win. Not only is just short term, long term 334 00:20:38,440 --> 00:20:40,440 Speaker 2: because that's what this is all about. Because everybody go 335 00:20:40,480 --> 00:20:42,040 Speaker 2: out there, they want to do something, they'll have a 336 00:20:42,040 --> 00:20:44,879 Speaker 2: plan in place. That's short term success. We're trying to 337 00:20:44,880 --> 00:20:47,240 Speaker 2: create long term success a fraser Net. 338 00:20:47,440 --> 00:20:48,359 Speaker 1: That's why it's virtual. 339 00:20:48,520 --> 00:20:51,320 Speaker 2: That's why he's always on my show is one I 340 00:20:51,359 --> 00:20:53,719 Speaker 2: feel blessed I'm able to bring somebody of his caliber 341 00:20:53,800 --> 00:20:54,200 Speaker 2: on my show. 342 00:20:54,240 --> 00:20:55,399 Speaker 1: He always be hyping me up. 343 00:20:55,440 --> 00:20:57,639 Speaker 2: I be hyped because he's one of the few people 344 00:20:57,640 --> 00:21:01,520 Speaker 2: I just let him talk. You interrupt periodically, just drop 345 00:21:01,600 --> 00:21:02,200 Speaker 2: some dimes. 346 00:21:02,480 --> 00:21:04,000 Speaker 1: Remind everybody how. 347 00:21:03,840 --> 00:21:06,920 Speaker 2: Gifted it is to hear him talk like this, because 348 00:21:07,119 --> 00:21:10,199 Speaker 2: your beliefs and your values means something to people. What 349 00:21:10,359 --> 00:21:12,560 Speaker 2: I like to always say is that that's why I'm 350 00:21:12,560 --> 00:21:16,800 Speaker 2: excited about the virtual event, phrasing that because you just 351 00:21:16,840 --> 00:21:19,439 Speaker 2: a hiding gym. Your network's not saying that you're not 352 00:21:19,440 --> 00:21:21,200 Speaker 2: not known something like that. 353 00:21:21,480 --> 00:21:26,840 Speaker 1: But this virtual platform allows more people to participate. Such 354 00:21:26,840 --> 00:21:29,000 Speaker 1: a blessing, such a blessing, such a blessing. 355 00:21:29,119 --> 00:21:32,640 Speaker 3: God bless you with Sean, God bless you, and God 356 00:21:32,680 --> 00:21:36,920 Speaker 3: bless all that you mean to us and your servant leadership. 357 00:21:36,920 --> 00:21:39,640 Speaker 3: Because you are a servant, I mean, you just are 358 00:21:39,680 --> 00:21:42,600 Speaker 3: incredible in how you manage that and how you focus 359 00:21:42,680 --> 00:21:45,639 Speaker 3: on that. Emphasize that it's all in your voice and 360 00:21:45,680 --> 00:21:48,320 Speaker 3: in your spirit. And so I'm going to close with 361 00:21:50,160 --> 00:21:53,280 Speaker 3: giving the brothers and sisters out here a little tip 362 00:21:53,359 --> 00:21:56,600 Speaker 3: on how to build your passident, to build your position. 363 00:21:56,840 --> 00:21:58,920 Speaker 3: Not be a black person in America with a single 364 00:21:58,960 --> 00:22:02,119 Speaker 3: stream of income right like all of us should have 365 00:22:02,520 --> 00:22:05,560 Speaker 3: multiple streams of income. Coach so we call a passive income. 366 00:22:05,680 --> 00:22:09,320 Speaker 3: So take your nine to five income, if you you've 367 00:22:09,359 --> 00:22:11,560 Speaker 3: got a job. Ninety seven percent of us have a job. 368 00:22:11,840 --> 00:22:17,520 Speaker 3: Take you nine to five income, and use that to 369 00:22:17,800 --> 00:22:21,760 Speaker 3: fuel your side hustle. Okay, whatever that may be. Sell 370 00:22:21,840 --> 00:22:26,120 Speaker 3: someone that's your side hustle. Then use your side hustle 371 00:22:26,920 --> 00:22:29,680 Speaker 3: to fuel the money you get from that to fuel 372 00:22:29,960 --> 00:22:33,399 Speaker 3: your investments, because you're going to get extra money and 373 00:22:33,440 --> 00:22:35,720 Speaker 3: you're going to invest that money. I don't care if 374 00:22:35,760 --> 00:22:39,200 Speaker 3: it's scripto, currencies, box bonds, whatever it is. Whatever, vote 375 00:22:39,240 --> 00:22:42,960 Speaker 3: your vote, invest your side hustle money, and then take 376 00:22:43,000 --> 00:22:49,720 Speaker 3: your investments, and over time, your investments will replace your 377 00:22:49,840 --> 00:22:53,000 Speaker 3: nine to five. That's the goal. 378 00:22:54,359 --> 00:22:54,920 Speaker 1: That's the goal. 379 00:22:55,119 --> 00:22:55,640 Speaker 3: That's the goal. 380 00:22:56,000 --> 00:23:00,159 Speaker 1: That's right. I want to appreciate you, but again, thank you. 381 00:23:00,200 --> 00:23:03,040 Speaker 1: Come on the show now. I gotta do my job now, Jack. 382 00:23:03,160 --> 00:23:05,840 Speaker 2: See see you always give me instructions, but you don't 383 00:23:05,840 --> 00:23:07,720 Speaker 2: even know it. See when you come on my show, 384 00:23:07,800 --> 00:23:10,480 Speaker 2: doctor Fraser, you put me to work in a positive 385 00:23:10,520 --> 00:23:11,920 Speaker 2: manner because I said. 386 00:23:11,760 --> 00:23:13,320 Speaker 1: Okay, I said okay. 387 00:23:13,359 --> 00:23:14,919 Speaker 2: You know it's like it's like, you know, you the 388 00:23:14,960 --> 00:23:17,040 Speaker 2: Pope of entrepreneurship to me, you the pope. 389 00:23:17,040 --> 00:23:19,600 Speaker 1: Now you know the pope became the town. He then 390 00:23:19,640 --> 00:23:20,920 Speaker 1: blessed everybody with information. 391 00:23:21,119 --> 00:23:23,040 Speaker 2: Now, I guess what, we gotta get busy and spread 392 00:23:23,040 --> 00:23:25,080 Speaker 2: the word, so that my mission right now is to 393 00:23:25,119 --> 00:23:27,760 Speaker 2: spread the word of Fraser Nick my friend. 394 00:23:27,800 --> 00:23:28,360 Speaker 1: We talked soon. 395 00:23:28,440 --> 00:23:28,760 Speaker 3: Okay. 396 00:23:29,080 --> 00:23:32,320 Speaker 2: This has been another edition of Money Making Conversation Masterclass 397 00:23:32,400 --> 00:23:35,560 Speaker 2: hosted by me Rushaun McDonald. Thank you to our guests 398 00:23:35,560 --> 00:23:38,919 Speaker 2: on the show today and thank you listening to audience now. 399 00:23:39,000 --> 00:23:41,000 Speaker 2: If you want to listen to any episode I want 400 00:23:41,000 --> 00:23:44,880 Speaker 2: to be a guest on the show, visit Moneymakingconversations dot com. 401 00:23:45,000 --> 00:23:48,600 Speaker 2: Our social media handle is money Making Conversation. Join us 402 00:23:48,640 --> 00:23:51,199 Speaker 2: next week and remember to always leave with your gifts. 403 00:23:51,520 --> 00:23:52,119 Speaker 1: Keep winning.