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Speaker 1: All right, We've got some heavy hitters here today. I'm

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Speaker 1: so excited. Robin tell us who we got.

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Speaker 2: All right, y'all, I am so excited to introduce our

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Speaker 2: guests today. Listen, these guys have so much information to

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Speaker 2: bring to you. You are going to learn so much

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Speaker 2: from them, and once you start following them and listening

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Speaker 2: to them, you probably already are. Anyway, we are joined

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Speaker 2: today by Troy Millings and Rashad Blau of Earn Your

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Speaker 2: Leisure podcasts, giving you the behind the scenes financial views

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Speaker 2: into the entertainment and sports industries, as well as highlighting

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Speaker 2: backstories of entrepreneurs. They also break down business models and

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Speaker 2: examine the latest trends in finance. Earn Your Leisure is

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Speaker 2: a college business class mixed with pop culture. They blend

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Speaker 2: the two together for a unique and exciting look into

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Speaker 2: the world of business. They aim to expand the conversation

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Speaker 2: of financial literacy while educating as many people as possible.

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Speaker 2: Before launching Earn Your Leisure in twenty nineteen, Blood and Millings,

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Speaker 2: we're teaching financial literacy to public school students in the Bronx,

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Speaker 2: New York while working as an elementary school physical education educator.

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Speaker 2: Millings incorporated financial literacy into his lesson plans during summer

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Speaker 2: school classes. Over five hundred thousand YouTube subscribers and many, many,

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Speaker 2: many other streams of income that I'm gonna let y'all

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Speaker 2: tell me tell I'm gonna let them tell us about

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Speaker 2: because it's too many for me to even name.

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Speaker 3: Y'all are very important. First and foremost, are y'all married?

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Speaker 3: Y'all single?

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Speaker 1: Like?

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Speaker 3: What's the status here?

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Speaker 4: I'm married? Ull let say his status?

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Speaker 5: Yeah, now I'm single.

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Speaker 1: I'm singing, okay, all right, So we have some ice

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Speaker 1: breaker questions for you guys, first and foremost. All right now,

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Speaker 1: and the reason why I asked if you married a

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Speaker 1: single is when you go to dinner?

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Speaker 3: Do you make your partner split the bill?

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Speaker 4: Never? Never?

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Speaker 2: Never?

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Speaker 4: Never?

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Speaker 1: Okay, you're on if you're on a date and you

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Speaker 1: don't really know how that well and she's like new,

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Speaker 1: do you make cur.

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Speaker 5: Split the bell?

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Speaker 4: Nah?

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Speaker 5: I mean you know me? I mean Troy too. We're

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Speaker 5: old school. So even if it's just like a friend,

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Speaker 5: like if it's just a female friend, like we're not

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Speaker 5: even really dating or not, like somebody's just hanging out

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Speaker 5: with us. Like women don't pay for anything when they

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Speaker 5: when they're around us.

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Speaker 4: Like if we were out with the ladies from reasonable shady,

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Speaker 4: it's on us.

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Speaker 2: That's you know, that's good to know because you all

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Speaker 2: are so financially responsible. Sure if y'all be up in

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Speaker 2: there like, well, no, you know, I paid the other day,

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Speaker 2: so now it's your turn to pay.

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Speaker 3: And it's not in the budget this week.

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Speaker 1: Because I've left many a dates for that reason. Okay,

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Speaker 1: that will not get you date number two.

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Speaker 3: I'm just here to say it.

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Speaker 2: So, okay, So specifically, rashad Is is dating someone who

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Speaker 2: has poor money habits?

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Speaker 3: Is that a deal breaker?

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Speaker 2: Like? Are you what happens when you see a female

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Speaker 2: or whatever and and their financial habits don't really match

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Speaker 2: up to yours?

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Speaker 3: How do you feel about that?

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Speaker 5: Nah, I'm not really on it like that. I don't

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Speaker 5: really look at somebody's like credit score, like you know,

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Speaker 5: with their bank balances. You know. For me, it's more

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Speaker 5: so like the vibe of a person have fun, if

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Speaker 5: they're a good person or not, how I look at it. Fortunately,

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Speaker 5: I'm not really dependent on somebody for finances, so it

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Speaker 5: doesn't really matter to me what their financial situation is.

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Speaker 5: Of course, there's always beneficial if they have a good

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Speaker 5: financial situation. But it's not a deal break up for

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Speaker 5: me because I honestly don't even really think about it

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Speaker 5: too much.

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Speaker 2: Okay, but if you were thinking, like, okay, if you're

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Speaker 2: getting close to someone and you're like thinking about marriage,

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Speaker 2: is that important in a mate a potential spouse that

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Speaker 2: they are financially responsible or do I feel like that's

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Speaker 2: something that you can like teach them about.

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Speaker 3: Okay?

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Speaker 5: I feel like you can definitely educate people. That's what

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Speaker 5: we do for a living is educate people. So I

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Speaker 5: feel like a relationship is meant to be a form

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Speaker 5: of education. Like a woman should educate a man, a

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Speaker 5: man should educate his woman, and you should learn together.

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Speaker 5: So you know, if my strong point is financing and investing,

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Speaker 5: then the woman and what doesn't necessarily have to be

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Speaker 5: strong in that area. But that's my responsibility to educate

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Speaker 5: her and to you know, show her different things, and

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Speaker 5: you know, hopefully she'll be able to you know, get it.

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Speaker 5: So yeah, it's not something that I really put too

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Speaker 5: much attention on as long as you're not like, you know,

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Speaker 5: going to do something that's just totally you know, dangerous,

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Speaker 5: like to the situation.

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Speaker 3: Okay, I love that.

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Speaker 1: Now you guys are all over the place, y'all on

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Speaker 1: today's show, y'all getting ridden more, good more, Oh, y'all

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Speaker 1: on Good Morning America, getting rid up, written up in

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Speaker 1: the Wall Street journals and whatnot. How did you all

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Speaker 1: get together? How did earn your leisure get together? It

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Speaker 1: seems like you all are really good friends and you

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Speaker 1: got y'all have a million other different entities businesses. So

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Speaker 1: tell us how how this started with the two of

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Speaker 1: you guys.

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Speaker 4: With y'allhood friends. So I met him when I was

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Speaker 4: like twelve years old. Thirteen years old. He's two years

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Speaker 4: younger than me. So we we went to the same

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Speaker 4: high school, grew up in the same neighborhood, went to

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Speaker 4: the same community center as our friends. Our family are

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Speaker 4: all friends, so we all grew up together. He went

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Speaker 4: into a career of athletics and then when he left school,

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Speaker 4: chose a career in finance. And I was in school

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Speaker 4: and I went to education, and he always he always

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Speaker 4: used to joke on me about that. He's like, yo, man,

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Speaker 4: we went to school our whole lives. How you go

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Speaker 4: back like what's wrong with you? And so we were

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Speaker 4: starting our careers. At the same time I was teaching,

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Speaker 4: he was doing the financial financial advising, and I had

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Speaker 4: the summer program while I was interviewing kids to see

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Speaker 4: about what they wanted to do in the future, and

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Speaker 4: I would go out in the community and try to

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Speaker 4: match them with a prospect of like an internship, and

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Speaker 4: based on how they performed at their internship, I was

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Speaker 4: going to pay them at the end of the program.

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Speaker 4: And so it was the first time that these young teens,

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Speaker 4: right they were like fourteen years old. They had aged

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Speaker 4: out of the camp experience, but they were too young

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Speaker 4: to work. It was the first time they were going

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Speaker 4: to come in contact with money. And knowing that, I said,

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Speaker 4: they need to learn about money. I said, we need

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Speaker 4: to create something for them to learn about the money

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Speaker 4: and what you can do with it, how you can

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Speaker 4: save it, how you can share it, how you can

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Speaker 4: invest it. And so financial literacy was one of those things.

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Speaker 4: Like I was working in the city, like that wasn't

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Speaker 4: something that's talked about in schools, and I knew it,

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Speaker 4: like I was great in state tests, like given tests.

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Speaker 4: I know, like these things are not being spoken about,

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Speaker 4: and so I was like, this is an opportunity to

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Speaker 4: create something that's going to last for a lifetime. And

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Speaker 4: so that's why we kind of like started in the

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Speaker 4: space of financial literacy. He was doing social media time.

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Speaker 4: I let him speak about it and decided while we

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Speaker 4: were teaching, let's record what we're doing, because you know,

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Speaker 4: we could probably use this as an asset in the future.

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Speaker 4: And he had the foresight to see it and it

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Speaker 4: got us here.

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Speaker 1: Okay, I love that. And you guys have this podcast

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Speaker 1: has been rocking.

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Speaker 3: For how long?

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Speaker 5: Three years?

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Speaker 3: Three years? Okay, very nice. Three years.

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Speaker 2: And you all now have other podcasts that have kind

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Speaker 2: of like spin offs of Earn Your Leisure. You also

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Speaker 2: have multiple streams of income that have spun off from

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Speaker 2: Earn Your Leisure. Tell us all about everything y'all have

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Speaker 2: going on.

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Speaker 4: Who's listening?

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Speaker 3: Just run it down? Run it down?

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Speaker 5: Yeah, I mean, we have a podcast network, so that

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Speaker 5: is you know, we developed, you know, a niche in

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Speaker 5: the podcast space with the finance and you know, we

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Speaker 5: kind of got good at promoting it on social media

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Speaker 5: things for things of that nature. So it made sense

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Speaker 5: for us to kind of help other people produce their show.

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Speaker 5: So now we have a podcast network, Eyo Network, So

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Speaker 5: we have Market Mondays that's like a huge, huge success.

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Speaker 5: That's a stock show that's every Monday. Then we have

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Speaker 5: Rantso and Gyms, which is a real estate podcast, and

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Speaker 5: we have inn Wealth which is an entrepreneurship podcast. No

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Speaker 5: in a Wealth, which is a mental health podcast. Inside

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Speaker 5: the Vault which is an entrepreneurship podcast. And then we

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Speaker 5: also have dream Nation which is another business podcast. So

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Speaker 5: that's what's under the umbrella of Eyo Network and then

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Speaker 5: as far as the different businesses that we have. So

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Speaker 5: you know, one of the good things about doing our

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Speaker 5: show is that it's a learning experience, not just for

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Speaker 5: the audience before ourselves. So every time we interview our entrepreneur,

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Speaker 5: it gives us some insight into what they have going on.

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Speaker 5: It allows us to actually brainstorm of if we want

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Speaker 5: to start businesses in that type of area. So one

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Speaker 5: of the things that we actually did was uh purchase

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Speaker 5: a truck, like an eighteen wheeler, So that was a

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Speaker 5: big that was a big episode for us. So we

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Speaker 5: have a truck on the road, so that's a that's

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Speaker 5: a revenue stream logistics. Then we have vending machines.

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Speaker 3: Yeah, so today y'all posted about vending.

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Speaker 5: Machine Vendom Machines. That's in our old high school, so

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Speaker 5: that was cool. That's something that we got from our episode.

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Speaker 5: Merch is something that we didn't necessarily get from an episode,

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Speaker 5: but that's become like his own stream within itself as

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Speaker 5: far as like a business spin off. And then the

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Speaker 5: live event space is something that's really really big for us.

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Speaker 5: So you know, we had a festival last year called

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Speaker 5: in Vestfas which was four thousand people in that I'm

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Speaker 5: looking to scale that up even even bigger this year.

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Speaker 5: And then we did the sold out the Apollo we

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Speaker 5: got to show in Houston coming up.

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Speaker 1: Okay, Okay, I'm not far, but it's just too much, jeez, Louise, Okay,

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Speaker 1: now listen. I want to ask about stocks, okay, because

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Speaker 1: I was told like a very long time ago, and

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Speaker 1: I have I have my own little portfolio of stocks.

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Speaker 1: But what I was hole was buy stocks that you

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Speaker 1: have something to do with, like that have that are

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Speaker 1: that you use, you're right that you use for instance,

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Speaker 1: like Lululemon, like eighty percent of my athletic where is

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Speaker 1: Lulu limits? So I have like a Lulu limit stock,

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Speaker 1: Apple stock because I got a phone, I got my

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Speaker 1: stock so is that true, Like, is that how you

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Speaker 1: should handle purchasing stocks?

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Speaker 4: I think so for anybody that's beginning in the in

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Speaker 4: the investment stage of in stocks, you want to go

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Speaker 4: from consumer to investor, right, And so you already well,

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Speaker 4: you were already a consumer. You bought all those products

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Speaker 4: on the consumer side, but now you're on the ownership side.

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Speaker 4: And so if you're already pouring money into a company,

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Speaker 4: and there's millions of people doing the same thing as you,

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Speaker 4: why not reap the benefits of your investment? Right? So,

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Speaker 4: like I'm giving money to Apple every time my iPhone

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Speaker 4: comes out, or every time a mac book comes out

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Speaker 4: of Lululemon puts out a new line, I'm always investing.

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Speaker 4: I'm consuming it, and I'm consuming it. Why not also

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Speaker 4: have investment in it as well? So now your money

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Speaker 4: is actually going towards your ownership.

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Speaker 3: Okay.

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Speaker 1: And then I was also told like just to leave

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Speaker 1: it there, like, don't fool with it, just let it go.

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Speaker 5: Yeah, but buy a whole. That's like, you know, the

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Speaker 5: number one strategy for investing, whether it's real estate stocks,

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Speaker 5: crypt don't you want to just buy a whole for

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Speaker 5: a long period of time? If you have a good

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Speaker 5: company like Apple or Microsoft, just buy and just hold

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Speaker 5: it for as long. If something changes and you know

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Speaker 5: you have to sell for whatever reason, then you know

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Speaker 5: you can sell with a lot of Some people go

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Speaker 5: into things and they sell too early, just like real estate,

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Speaker 5: like you know, you might have had a Brownstone And

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Speaker 5: where you guys from Maryland? Yeah, part PG County.

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Speaker 3: No Oh, I'm sorry, I said that too. I said

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Speaker 3: it too loud. I said it too loud. I'm sorry.

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Speaker 2: I'm from born and raised in Baltimore. I'm from like

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Speaker 2: the DC area.

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Speaker 5: Which is PG County.

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Speaker 1: No, No, no, Pta, Montgomery County.

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Speaker 5: Montgomery, Montgomery County.

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Speaker 3: Yeah, okay. Disclaimer, there's nothing wrong with PG.

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Speaker 5: Nothing wrong with that shot. Shot the Fiji shot the Fiji.

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Speaker 5: It's but I was about to give a real estate

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Speaker 5: reference to New York. But I figured I do something

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Speaker 5: like to. I used to actually go to school in Maryland,

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Speaker 5: so I used to live in Maryland. But like, oh

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Speaker 5: where'd you go UNBC?

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Speaker 2: Oh okay, and I knew your president's doctor ROBETI Oh yeah, yeah, yeah,

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Speaker 2: great man, and a bunch of my friends.

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Speaker 5: You be a good guy, so like take like the

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Speaker 5: area there. John Hopkins right, Like you know, is getting

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Speaker 5: gentsified and real estate is going up. So it's like

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Speaker 5: you could have had a property there, let's say ten

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Speaker 5: years ago, and let's say you got it for fifty

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Speaker 5: thousand dollars and you sold it for seventy five thousand,

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Speaker 5: Like that's a you know, twenty five thousand dollars profit.

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Speaker 5: Most people be like, all right, that's a good deal.

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Speaker 5: But what if that same property is worth eight hundred

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Speaker 5: thousand dollars now right, Like you would be kicking yourself,

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Speaker 5: like I should have just held it instead of just

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Speaker 5: trying to get like a twenty five thousand dollar profit,

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Speaker 5: could have got hundreds of thousand dollars of profit. Then

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Speaker 5: twenty years from now it might be worth three million dollars.

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Speaker 5: So that's all over the country. So like people could

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Speaker 5: I understand that with real estate because they see areas

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Speaker 5: getting gentified, and they see real estate that was once

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Speaker 5: worthless now million dollar properties. You see that in Chicago,

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Speaker 5: you see that in New York, you see that in DC,

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Speaker 5: LA all over. So the same thing with stocks. A

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Speaker 5: lot of times people are just happy with like short

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Speaker 5: term gains like okay, I doubled it. It's time to

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Speaker 5: get out. But if it's a good quality company, you

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Speaker 5: want to hold it for as long as possible because

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Speaker 5: you could have like a thousand percent rate of return

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Speaker 5: if you hold it for ten twenty years.

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Speaker 3: Okay, right, but give it.

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Speaker 2: But right now, like the market, the stock market is

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Speaker 2: going crazy, the crypto market is going crazy. I feel

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Speaker 2: like people are panicking because I mean I do like

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Speaker 2: little small trading on like e trade and stuff like that,

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Speaker 2: like or I have a coin base account. Like how

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Speaker 2: do you if you're someone that kind of just enjoys

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Speaker 2: to see you know your gains, how do you stay

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Speaker 2: disciplined or should you just pull out and then get

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Speaker 2: back in?

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Speaker 3: Like I don't.

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Speaker 2: I'm just so all over the place and there's so

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Speaker 2: many conflicting reports and people say different things, and it's

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Speaker 2: like people are panicking.

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Speaker 3: I just don't know what to do at this point.

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Speaker 4: Yeah. Number one thing is don't panic, right, So, like

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Speaker 4: we always stress the people, never into a position unless

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Speaker 4: you know your exit strategy. And so that might be

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Speaker 4: a percentage, that might be a dollar amount.

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Speaker 1: Wait a minute, unless you know your exit strategy. That's

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Speaker 1: like a dating rule one oh one. Unless you know

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Speaker 1: how you get out of this thing, don't get in it. Okay,

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Speaker 1: I'm sorry, go ahead, go ahead.

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Speaker 2: Yeah.

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Speaker 4: But like so that's the thing, like you want to

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Speaker 4: you want to get into a position in a company

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Speaker 4: that makes sense for you, right, So like when people

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Speaker 4: see you right in the market, they automatically think fear.

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Speaker 4: But if you're a new investor, if you're a season investor,

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Speaker 4: you know that there's an opportunity for me to add

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Speaker 4: to the positions I already have, or into a position

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Speaker 4: that I always wanted to. Right. So if you look

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Speaker 4: like a company like Apple in two thousand, they only

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Speaker 4: had the iPod, right, But if you would have bought

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Speaker 4: one thousand dollars in the past twenty two years, is

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Speaker 4: going up ten thousand percent, right, So you might have

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Speaker 4: said right when the market crash in two thousand and eight,

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Speaker 4: you might have been like, oh my gosh, like me

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Speaker 4: and sold it, right, or you could just been like,

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Speaker 4: all right, well it went down, let me grab some

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Speaker 4: more and now you're just adding to the games that

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Speaker 4: you have long term. So that's all stress buying and holding.

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Speaker 4: And if there's a pullback, like there is like a correction,

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Speaker 4: which just means that the market or the actual sector

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Speaker 4: itself has pulled back anywhere between six to twenty percent.

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Speaker 4: There's always an opportunity to gain more of ownership in

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Speaker 4: that company. So never look at it as a negative

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Speaker 4: unless you're in a company that isn't strong and it's

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Speaker 4: kind of like the balance sheets are all off, and

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Speaker 4: you know, they don't have a long history like companies

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Speaker 4: like Microsoft Apple they've been around for twenty thirty forty years.

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Speaker 4: Strong company X Like, there's there's a plenty of companies

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Speaker 4: that are out there that have been around and have

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Speaker 4: been profitable for a long time. Sick with those.

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Speaker 3: Before we get into the weeds. Let's get into the flowers.

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Speaker 1: Okay, So give me a fourth grade answer for this

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Speaker 1: crypto Bitcoin Should we get in? Should we get should

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Speaker 1: we not? I'm an old school girl. I'm all about

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Speaker 1: the almighty dollar. Like, I don't what to do. I

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Speaker 1: don't know what's important. You know, two months ago everybody

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Speaker 1: was like bitcoin, bitcoin, Now it's all crypto crypto, Like which.

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Speaker 3: One is crypto? I don't know?

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Speaker 2: But also, but add you know what I want you

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Speaker 2: to add, like n f ts in the metaverse. Yeah,

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Speaker 2: that's the stuff where I'm like, don't know that either.

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Speaker 2: That's that's the way because someone asked me to do something. Instead, Oh,

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Speaker 2: I'll pay you something, give you, give you an n

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Speaker 2: f T.

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Speaker 3: I don't know what. I don't know. No, pay me

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Speaker 3: a dollars. Okay.

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Speaker 1: So so don't give us big word, y'all. Just walk

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Speaker 1: us through like we're second grade.

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Speaker 5: Which one? Which one you want first? The NFT conversation

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Speaker 5: or the crypto conversation.

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Speaker 4: Crypto, You've come to the right place.

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Speaker 5: You want to Crypto you want to do all right?

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Speaker 5: So I mean cryptocurrency. The word I always say the

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Speaker 5: word currency is a little misleading when youre talking about

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Speaker 5: cryptocurrency because most of it is not really treated as

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Speaker 5: a currency, like a currency usually has to be stable,

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Speaker 5: where it's like if I give you a dollar today,

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Speaker 5: it's still gonna be worth a dollar tomorrow. Right. That's

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Speaker 5: how I can That's how I can pay for something

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Speaker 5: like you can't value a haircut at twenty dollars, but

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Speaker 5: then that same haircut is fifty dollars next week because

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Speaker 5: the price of the dollar went from being worth one

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Speaker 5: dollar to being worth twenty cents. So that's the volatility

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Speaker 5: in cryptocurrency where you see a couple months ago, Bitcoin

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Speaker 5: was sixty over sixty thousand. Now it's hovering around like

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Speaker 5: in the thirty thousand range, like it's fifty percent lower.

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Speaker 5: Imagine if the US dollar was fifty percent lower in

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Speaker 5: value and only worth fifty cents now, like that would

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Speaker 5: be crazy. You really can't make transactions to do business

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Speaker 5: with that. This is why we like big We'll talk

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Speaker 5: about bitcoin because you asked about bitcoin. Bitcoin's more so

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Speaker 5: of a store of value. Currency is currency store value

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Speaker 5: store value different, so it's better comparison is goal. This

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Speaker 5: is why people compare it to like digital goal, whereas

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Speaker 5: like a lot of people just hoard gold. You get

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Speaker 5: gold and you hoard it because it's like a hedge

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Speaker 5: for inflation. So gold has withstand the test of time.

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Speaker 5: It's always been valuable for a long period of time.

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Speaker 5: People value gold. You can you know, trade goal, you

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Speaker 5: can wear gold different things that nature. Gold has value

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Speaker 5: that people place on it. So Bitcoin Condon is the

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Speaker 5: same way where it's a limited amount, like there's going

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Speaker 5: to be a limited amount of bitcoins in a couple

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Speaker 5: of years. It's not even going to be any more

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Speaker 5: bigcoins made, so it's a limited amount of bitcoins. It

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Speaker 5: has gone up in value because of the scarcity and

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Speaker 5: because people are looking for different ways to actually park

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Speaker 5: their money. Like we know that you know, fiat currency,

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Speaker 5: which is the dollars that we actually use all across

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Speaker 5: the world, actually gets devalued every single day because of inflation. Right,

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Speaker 5: So the value of milk is not the same as

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Speaker 5: it was ten years ago. So the value of the

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Speaker 5: dollar goes down each and every day, and it's not

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Speaker 5: backed by anything except for you know, the faith that

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Speaker 5: the people put in it. So now you have a

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Speaker 5: digital asset on the blockchain, which we'll can talk about

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Speaker 5: that with the NFT conversation, But you have a digital

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Speaker 5: asset that people put belief in, because that's the value

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Speaker 5: of anything, it's what people believe it, right, people put

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Speaker 5: belief in it. It's a new way to actually move

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Speaker 5: money at a much quicker pace because like we always say,

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Speaker 5: like the fastest way If I ask you right now

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Speaker 5: the fastest way to get a million dollars from New

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Speaker 5: York to London, what would you say? The fastest way

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Speaker 5: to do that would be a wire transfer. Well, the

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Speaker 5: fastest way is to actually get on a plane with

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Speaker 5: a million dollars and actually fly right.

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Speaker 3: But wouldn't why you go through faster than the plane.

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Speaker 5: Now most of the time, if you got a bang,

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Speaker 5: it's gonna take at least a couple of days for

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Speaker 5: a million for a million dollars to clear.

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Speaker 3: So that's true, that's true.

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Speaker 5: In this day and age in twenty twenty two. That's

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Speaker 5: crazy that you know, you can't move that kind of

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Speaker 5: money in a short period of time, whereas like on

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Speaker 5: the blockchain of cryptocurrency, you can do that in seconds

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Speaker 5: depending on what coin you use.

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Speaker 1: Okay, okay, but let me ask you this now, is

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Speaker 1: this a way because I watched this this show on

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Speaker 1: on the Netflix that the drug dealers like hid the money.

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Speaker 4: Yeah, so so that that that was a way, right

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Speaker 4: that and that that's kind of like one of the

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Speaker 4: downfalls for it, right you have you have coins that

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Speaker 4: people can you can't track, right, so like if I

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Speaker 4: make a transaction, the only thing that can say that

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Speaker 4: this happened is the block train, right, So it's a

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Speaker 4: transaction record, but you never know who did it. And

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Speaker 4: so it was a lot of a lot of times

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Speaker 4: in the past and hopefully it doesn't happen going forward

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Speaker 4: in the future. Is that people would smuggle money and

438
00:19:29,760 --> 00:19:32,280
Speaker 4: use it through the currency. So like there was a

439
00:19:32,320 --> 00:19:35,320
Speaker 4: bunch of coins that were being used at the time,

440
00:19:35,600 --> 00:19:37,480
Speaker 4: and they've called the fold and back end value. And

441
00:19:37,840 --> 00:19:41,000
Speaker 4: that's why when you when you hear decentralized, decentralized meaning

442
00:19:41,000 --> 00:19:43,840
Speaker 4: that there's no government or agency back in it. That's

443
00:19:43,920 --> 00:19:45,199
Speaker 4: kind of what they're saying, like, we need to have

444
00:19:45,280 --> 00:19:48,640
Speaker 4: regulation because if if you can land of money through

445
00:19:48,680 --> 00:19:51,640
Speaker 4: this quote unquote currency, it could be a dangerous tool

446
00:19:51,640 --> 00:19:53,119
Speaker 4: if it's put in the wrong hands.

447
00:19:53,640 --> 00:19:56,200
Speaker 5: So but yeah, so just to finish up crypto, the

448
00:19:56,640 --> 00:19:59,000
Speaker 5: benefits of it is that it's a way, it's a

449
00:19:59,240 --> 00:20:03,959
Speaker 5: it's a currency that doesn't matter if you're in Russia,

450
00:20:04,200 --> 00:20:07,080
Speaker 5: if you're in Yugoslavia, if you're in Puerto Rico, if

451
00:20:07,080 --> 00:20:09,200
Speaker 5: you're in New York, it's the same, right, so you

452
00:20:09,240 --> 00:20:11,560
Speaker 5: don't have to change when you go to different currency

453
00:20:11,560 --> 00:20:14,159
Speaker 5: and you go to different countries, you gotta change your currency.

454
00:20:14,480 --> 00:20:17,879
Speaker 5: The speed moves a lot quicker. It's an alternative to

455
00:20:18,000 --> 00:20:21,679
Speaker 5: paper dollar, and it's a store of value where it

456
00:20:21,720 --> 00:20:24,800
Speaker 5: could serve as like a digital goal where now it's

457
00:20:24,840 --> 00:20:28,159
Speaker 5: a place where people can actually park money and have

458
00:20:28,240 --> 00:20:30,120
Speaker 5: the asset grow over the course of time.

459
00:20:30,600 --> 00:20:33,960
Speaker 4: And they also you think about other countries, and he

460
00:20:34,000 --> 00:20:35,639
Speaker 4: brought up a bunch of them, But how many of

461
00:20:35,720 --> 00:20:39,080
Speaker 4: these countries are have areas that they're on banks? Right?

462
00:20:39,119 --> 00:20:41,880
Speaker 4: Where is the next bank? Or is there a bank

463
00:20:41,960 --> 00:20:44,320
Speaker 4: even in my city? Right? And so now when you

464
00:20:44,400 --> 00:20:47,760
Speaker 4: have a digital quote unquote currency, you have it in

465
00:20:47,800 --> 00:20:49,080
Speaker 4: the palm of your hand or you have it in

466
00:20:49,119 --> 00:20:51,360
Speaker 4: front of your laptop, which makes it completely different. Now

467
00:20:51,359 --> 00:20:54,200
Speaker 4: you have access to something without even having to go

468
00:20:54,280 --> 00:20:56,520
Speaker 4: to a traditional banking.

469
00:20:57,119 --> 00:20:59,800
Speaker 3: So are you recommending that people invest in this?

470
00:21:01,520 --> 00:21:04,200
Speaker 5: Well, A, you should be knowledgeable before you invest in anything,

471
00:21:04,600 --> 00:21:07,600
Speaker 5: because you know, what's good for one person might not

472
00:21:07,640 --> 00:21:10,480
Speaker 5: be good for another thing. So I think A, you should.

473
00:21:10,560 --> 00:21:13,199
Speaker 5: You should just be up to date on what's going on.

474
00:21:13,280 --> 00:21:17,439
Speaker 5: But I will say this, it's here to stay. Cryptocurrency

475
00:21:17,480 --> 00:21:19,440
Speaker 5: I think is here to stay. Bigcoinner I think is

476
00:21:19,480 --> 00:21:21,760
Speaker 5: here to stay, and it's only going to become more

477
00:21:21,760 --> 00:21:24,920
Speaker 5: and more prevalent. So with that, with that information, you

478
00:21:24,960 --> 00:21:27,040
Speaker 5: can kind of, you know, make an educated decision whether

479
00:21:27,080 --> 00:21:29,399
Speaker 5: you want to invest or not. But that would be like,

480
00:21:29,480 --> 00:21:31,280
Speaker 5: you know what I think is going to happen.

481
00:21:31,359 --> 00:21:33,880
Speaker 4: Yeah, I would start with education before anything any investment.

482
00:21:33,880 --> 00:21:37,600
Speaker 4: Real estate, crypto stocks. Educate yourself first, right, and especially

483
00:21:37,640 --> 00:21:40,720
Speaker 4: in crypto because like I said, right now, how do

484
00:21:40,760 --> 00:21:42,720
Speaker 4: we regulate it? Right? Like if I lose money, who

485
00:21:42,720 --> 00:21:45,200
Speaker 4: do I call? If this transaction doesn't go through? Who

486
00:21:45,200 --> 00:21:47,600
Speaker 4: do I? There isn't anybody, right, and so like that's

487
00:21:47,640 --> 00:21:50,399
Speaker 4: why the education process and the learning code is very quickly,

488
00:21:50,440 --> 00:21:55,320
Speaker 4: because if you just jump into this space of investing right,

489
00:21:55,359 --> 00:21:57,240
Speaker 4: you could get lost very quickly, and your money could

490
00:21:57,240 --> 00:21:59,159
Speaker 4: get lost very quickly and you'll never find it. So

491
00:21:59,400 --> 00:22:01,320
Speaker 4: educate yourself before before anything.

492
00:22:02,440 --> 00:22:07,360
Speaker 2: So are you comfortable giving suggestions to people on crypto

493
00:22:08,240 --> 00:22:12,880
Speaker 2: platforms to use and specific crypto to buy, Bitcoin, ethereum,

494
00:22:12,920 --> 00:22:13,399
Speaker 2: whatever it is.

495
00:22:13,480 --> 00:22:14,760
Speaker 5: I mean, you want to you want to stay with

496
00:22:14,840 --> 00:22:18,119
Speaker 5: the top tier cryptos. That's always the safest. Same thing

497
00:22:18,160 --> 00:22:19,720
Speaker 5: with the stock market. So when you look at like

498
00:22:19,760 --> 00:22:24,199
Speaker 5: the top tier cryptos that already have you know, strong backing,

499
00:22:24,400 --> 00:22:28,720
Speaker 5: institutional backing and use cases. You're looking at Ethereal, you're

500
00:22:28,720 --> 00:22:32,160
Speaker 5: looking at Bitcoin, You're looking at Cardona, looking at Stellar.

501
00:22:33,840 --> 00:22:36,760
Speaker 5: Solana is a new one. But Solana, you're talking about

502
00:22:36,800 --> 00:22:39,200
Speaker 5: the n f T conversation that goes hand in hand

503
00:22:39,240 --> 00:22:40,880
Speaker 5: with a lot of the n f T s. So

504
00:22:40,920 --> 00:22:44,760
Speaker 5: those are some of like the top tier cryptocurrencies that

505
00:22:44,920 --> 00:22:46,919
Speaker 5: you know if you are interested, and that's probably more

506
00:22:46,920 --> 00:22:49,640
Speaker 5: in the safe for play as opposed to going down

507
00:22:49,840 --> 00:22:52,879
Speaker 5: the line and getting some some that you know, people

508
00:22:52,960 --> 00:22:54,639
Speaker 5: have not have heard of, because that's what people do

509
00:22:54,680 --> 00:22:57,840
Speaker 5: to try to earn more money is take more risk.

510
00:22:57,920 --> 00:23:00,560
Speaker 5: But with more risk could come war, but it can

511
00:23:00,600 --> 00:23:03,560
Speaker 5: also come with the possibility of it just vanishing away. Also.

512
00:23:03,680 --> 00:23:05,600
Speaker 4: Yeah, so like that that would the dose coin out

513
00:23:05,600 --> 00:23:07,359
Speaker 4: to be y achiva coin where people are just saying, like,

514
00:23:07,440 --> 00:23:09,879
Speaker 4: let's just hit this home run. It's less than a sense,

515
00:23:10,080 --> 00:23:11,720
Speaker 4: we can buy a bunch of it. But what happens

516
00:23:11,720 --> 00:23:13,440
Speaker 4: when it goes to zero sense or less than zero

517
00:23:15,080 --> 00:23:15,520
Speaker 4: the feeling?

518
00:23:16,160 --> 00:23:17,120
Speaker 3: Then you ask out.

519
00:23:19,200 --> 00:23:21,600
Speaker 2: Yeah, And I always always get in late, like when

520
00:23:21,640 --> 00:23:23,720
Speaker 2: something you know, you hear about something popping off, and

521
00:23:23,760 --> 00:23:25,399
Speaker 2: I'm like, oh, I'm gonna get in, and then I

522
00:23:25,400 --> 00:23:26,320
Speaker 2: get in and it just tan.

523
00:23:26,920 --> 00:23:28,520
Speaker 3: Yeah, I'm like, let me just.

524
00:23:28,520 --> 00:23:33,159
Speaker 2: Stop, Okay, But I do want to say, like, just you,

525
00:23:33,440 --> 00:23:35,399
Speaker 2: I think we can tell that crypto is here to

526
00:23:35,400 --> 00:23:39,119
Speaker 2: stay when now we have sports arenas being named after

527
00:23:39,800 --> 00:23:44,600
Speaker 2: you know, crypto platforms. You got clip crypto dot com arena, right,

528
00:23:44,680 --> 00:23:46,800
Speaker 2: and there's a coin base. Is it a coinbase? One

529
00:23:46,800 --> 00:23:48,600
Speaker 2: of them was on a coin base I saw on

530
00:23:48,640 --> 00:23:51,359
Speaker 2: a court I can't remember what team it was. And

531
00:23:51,359 --> 00:23:54,120
Speaker 2: then crypto dot com arena that's where the Lakers are playing.

532
00:23:53,960 --> 00:23:55,280
Speaker 4: Right formerly disabled Center.

533
00:23:55,320 --> 00:23:59,200
Speaker 3: Yup, Yeah, that's that's insane. That's what we had to say.

534
00:23:59,320 --> 00:24:02,400
Speaker 2: So so I want to get into the metaverse and NFTs.

535
00:24:02,440 --> 00:24:04,120
Speaker 2: But before we do that, I want to I don't

536
00:24:04,119 --> 00:24:06,760
Speaker 2: want to forget to ask you about any stock picks

537
00:24:06,760 --> 00:24:10,200
Speaker 2: that you might feel comfortable recommending for for someone that's

538
00:24:10,280 --> 00:24:13,920
Speaker 2: like looking to invest, you know, get into the market.

539
00:24:14,160 --> 00:24:15,440
Speaker 3: Where should they park their money?

540
00:24:15,760 --> 00:24:17,560
Speaker 4: I think you have the strategy correct when you said,

541
00:24:17,560 --> 00:24:19,520
Speaker 4: look at where you're spending your money now, and so like,

542
00:24:19,560 --> 00:24:22,080
Speaker 4: if I'm spending my money on Apple products, I probably

543
00:24:22,119 --> 00:24:24,720
Speaker 4: should be invested in that, right. If I'm ordering during

544
00:24:24,720 --> 00:24:27,600
Speaker 4: the pandemic, right, most people will ordering where you're ordering

545
00:24:27,800 --> 00:24:30,800
Speaker 4: anything from, probably Amazon, that would probably be a good

546
00:24:30,920 --> 00:24:33,040
Speaker 4: idea to invest in. So you can invest in these

547
00:24:33,280 --> 00:24:36,600
Speaker 4: individual stocks, but you could also invest in a group

548
00:24:36,640 --> 00:24:39,359
Speaker 4: of stocks like indexes or ETFs where it's like an

549
00:24:39,359 --> 00:24:41,280
Speaker 4: all star team of stocks. Right, And I always use

550
00:24:41,280 --> 00:24:44,040
Speaker 4: a comparison and shout out to our brother Ian Dunlap. Right,

551
00:24:44,320 --> 00:24:47,080
Speaker 4: if you think of ETFs as an all star team,

552
00:24:47,119 --> 00:24:49,160
Speaker 4: and you think of like a player like Lebron James

553
00:24:49,240 --> 00:24:51,439
Speaker 4: is probably the best player in the league. Right, Like

554
00:24:51,520 --> 00:24:55,240
Speaker 4: you can invest in him individually, but if he gets hurt,

555
00:24:55,600 --> 00:24:58,480
Speaker 4: then your investment might hurt. Right. But if you invest

556
00:24:58,560 --> 00:25:00,960
Speaker 4: in an ETF that has is Lebron in it?

557
00:25:01,160 --> 00:25:03,760
Speaker 3: Now break it down? What is ETF? Yeah, you're using

558
00:25:03,800 --> 00:25:04,560
Speaker 3: big words here.

559
00:25:04,640 --> 00:25:07,480
Speaker 1: You're using big words to break it down, I said

560
00:25:07,520 --> 00:25:08,159
Speaker 1: second grader.

561
00:25:08,520 --> 00:25:11,639
Speaker 2: Okay, and I want to say I invested in the

562
00:25:11,680 --> 00:25:14,160
Speaker 2: ETF based off of one of your podcasts, The Vanguard.

563
00:25:14,520 --> 00:25:18,040
Speaker 4: That's a good one. It change traded from etfeah. So

564
00:25:19,000 --> 00:25:21,720
Speaker 4: it goes by sectors. So ETFs are broken down into sectors,

565
00:25:21,760 --> 00:25:23,879
Speaker 4: and so there's different type of companies. So you have

566
00:25:23,920 --> 00:25:27,439
Speaker 4: technology companies, you have financial companies, you have industrial companies,

567
00:25:27,440 --> 00:25:31,720
Speaker 4: you have healthcare companies. And so let's say Lebron is Apple, right,

568
00:25:31,800 --> 00:25:35,600
Speaker 4: the greatest company, the greatest player. He Apple is a

569
00:25:35,640 --> 00:25:37,880
Speaker 4: tech company. And so we would be inside the ETF

570
00:25:38,000 --> 00:25:40,400
Speaker 4: like XLK would be ETF. But you also have other

571
00:25:40,440 --> 00:25:43,680
Speaker 4: companies inside there. Microsoft is inside there in Nvidio, which

572
00:25:43,720 --> 00:25:47,280
Speaker 4: is a chip company. AMD is a chip they're inside.

573
00:25:47,400 --> 00:25:49,359
Speaker 4: AMD is not inside there, but they're inside of this

574
00:25:49,400 --> 00:25:51,840
Speaker 4: tech company. Right, So if Lebron doesn't perform, well, you

575
00:25:51,880 --> 00:25:55,160
Speaker 4: still have Anthony Davis on your team, right, You still

576
00:25:55,160 --> 00:25:57,120
Speaker 4: have Steph Curry on your team. So he doesn't really

577
00:25:57,160 --> 00:25:59,199
Speaker 4: have to give you twenty seven points a game. He

578
00:25:59,200 --> 00:26:01,720
Speaker 4: can give you fifteen pointing you can still win. Whereas

579
00:26:01,960 --> 00:26:04,840
Speaker 4: if he's invested individually, if he gets hurt and he

580
00:26:04,840 --> 00:26:07,840
Speaker 4: needs to average of twenty seven, right, then individually just

581
00:26:07,880 --> 00:26:10,800
Speaker 4: much more exposure on the downside something happens to him.

582
00:26:10,960 --> 00:26:12,600
Speaker 4: Not to say that something will happen to Apple, but

583
00:26:12,960 --> 00:26:15,680
Speaker 4: we like to tell people like invest in solid companies

584
00:26:15,680 --> 00:26:18,200
Speaker 4: and then invest in indexes and ETFs just so you

585
00:26:18,240 --> 00:26:20,960
Speaker 4: don't have as musk exposure on the downside. Right, because

586
00:26:21,000 --> 00:26:23,880
Speaker 4: on a day like it two weeks ago, when when

587
00:26:23,920 --> 00:26:27,719
Speaker 4: Apple pulls back or Microsoft pulls back, now that exposure

588
00:26:27,720 --> 00:26:29,879
Speaker 4: to that company brings you down. Whereas if you're in

589
00:26:29,880 --> 00:26:32,760
Speaker 4: the ETF, to pullback will be not as severe because

590
00:26:32,760 --> 00:26:35,399
Speaker 4: the percentage of how much of it is invested in

591
00:26:35,440 --> 00:26:37,480
Speaker 4: that company isn't as high. It's like one hundred percent

592
00:26:37,760 --> 00:26:38,719
Speaker 4: to twenty two percent.

593
00:26:39,640 --> 00:26:39,840
Speaker 1: Right.

594
00:26:40,080 --> 00:26:44,040
Speaker 3: It's almost like playing like fantasy football or something. Right,

595
00:26:44,840 --> 00:26:46,160
Speaker 3: like everybody you.

596
00:26:46,080 --> 00:26:47,920
Speaker 2: Got to see where everyone on the team is doing

597
00:26:48,000 --> 00:26:52,560
Speaker 2: and the Betterer each individual player is doing the Betterer.

598
00:26:52,320 --> 00:26:54,480
Speaker 4: Et exactly like you're gonna you're gonna pick a team

599
00:26:54,520 --> 00:26:56,400
Speaker 4: with strong players and so the same thing.

600
00:26:56,480 --> 00:26:59,159
Speaker 1: Ye yeah, Okay, switching gears just a little bit. And

601
00:26:59,160 --> 00:27:02,480
Speaker 1: I know we we we're skipping over the NSF stuff.

602
00:27:03,960 --> 00:27:05,280
Speaker 3: We're gonna come back here. We want to come back

603
00:27:05,280 --> 00:27:05,440
Speaker 3: to it.

604
00:27:05,480 --> 00:27:07,639
Speaker 1: But I have a question because you know, Robin and

605
00:27:07,680 --> 00:27:09,320
Speaker 1: I are entrepreneurs.

606
00:27:09,440 --> 00:27:11,960
Speaker 3: And you know, we always want.

607
00:27:11,840 --> 00:27:14,800
Speaker 1: To encourage especially black women to get out there and

608
00:27:15,040 --> 00:27:19,320
Speaker 1: invest in yourself and and definitely like strive for your dreams.

609
00:27:20,000 --> 00:27:23,520
Speaker 1: But you need money to do that. So what is

610
00:27:23,560 --> 00:27:26,000
Speaker 1: the best way to like raise capital for your business,

611
00:27:26,119 --> 00:27:28,879
Speaker 1: especially if you're a startup you know you're new to

612
00:27:29,040 --> 00:27:30,280
Speaker 1: just this entrepreneurial game.

613
00:27:31,760 --> 00:27:33,760
Speaker 5: I mean, there's a few different ways you can go

614
00:27:33,840 --> 00:27:36,720
Speaker 5: about raising capital. You can, you know, raise capital from

615
00:27:36,720 --> 00:27:40,280
Speaker 5: friends and family. You can, you know, leverage your credit,

616
00:27:40,680 --> 00:27:43,880
Speaker 5: you can take loans from your fall one K. Everybody's

617
00:27:43,920 --> 00:27:46,639
Speaker 5: situation is different. What we did personally was we just

618
00:27:46,640 --> 00:27:51,440
Speaker 5: started a business that had low startup course, which is podcasts.

619
00:27:51,480 --> 00:27:53,280
Speaker 5: Doesn't really take a lot of money to start a podcast,

620
00:27:53,720 --> 00:27:56,480
Speaker 5: and we used our personal money. You know, I wish

621
00:27:56,520 --> 00:27:59,760
Speaker 5: I could have had more of an elaborate story to tell,

622
00:27:59,800 --> 00:28:02,199
Speaker 5: but it really wasn't. We just we saved up. We

623
00:28:02,240 --> 00:28:05,120
Speaker 5: have money that we have from you know, working our

624
00:28:05,200 --> 00:28:08,399
Speaker 5: respective careers, and we were still working while we were

625
00:28:08,400 --> 00:28:10,560
Speaker 5: being an entrepreneur. That's another thing too, People you don't

626
00:28:10,560 --> 00:28:13,679
Speaker 5: necessarily have to do one or the other, like you know,

627
00:28:13,760 --> 00:28:16,080
Speaker 5: you can actually still do both at the same time.

628
00:28:16,119 --> 00:28:18,200
Speaker 5: If you have a nine to five job, you can

629
00:28:18,280 --> 00:28:20,080
Speaker 5: keep that nine to five job and still be an

630
00:28:20,240 --> 00:28:23,400
Speaker 5: entrepreneur when you get home. And then eventually as your

631
00:28:23,480 --> 00:28:26,879
Speaker 5: business takes off and now it's time to leave your

632
00:28:26,960 --> 00:28:29,360
Speaker 5: nine to five, then you know it's time to leave.

633
00:28:29,400 --> 00:28:32,040
Speaker 5: But in the meantime, use the money from your nine

634
00:28:32,080 --> 00:28:34,239
Speaker 5: to five job or whatever kind of job you have

635
00:28:34,920 --> 00:28:37,840
Speaker 5: to help fund your business. So like your job is

636
00:28:37,880 --> 00:28:40,600
Speaker 5: really is the investor is the angel investing in your

637
00:28:40,600 --> 00:28:42,960
Speaker 5: business in that in that situation. Other than that, I mean,

638
00:28:43,040 --> 00:28:44,440
Speaker 5: of course, you can try to get bank finance, and

639
00:28:44,480 --> 00:28:47,360
Speaker 5: that's gonna be extremely difficult, almost impossible, especially if you're

640
00:28:47,400 --> 00:28:49,600
Speaker 5: just starting out. You're a black entrepreneur, it's gonna be

641
00:28:49,600 --> 00:28:51,840
Speaker 5: extremely difficult to get money from a bank. So, like

642
00:28:51,840 --> 00:28:54,160
Speaker 5: I said, I mean most of the time for entrepreneurs,

643
00:28:54,520 --> 00:28:56,480
Speaker 5: if you're just starting out, you're gonna have to either

644
00:28:56,560 --> 00:28:58,600
Speaker 5: use your own personal money, which is money that you

645
00:28:58,720 --> 00:29:02,320
Speaker 5: saved up, or you know, money from like retirement accounts,

646
00:29:02,320 --> 00:29:04,880
Speaker 5: money from friends and family. You can you know, take

647
00:29:04,880 --> 00:29:05,640
Speaker 5: money from your house.

648
00:29:05,680 --> 00:29:06,960
Speaker 3: I'm gonna have to stop you. I'm gonna have to

649
00:29:06,960 --> 00:29:07,560
Speaker 3: stop you right there.

650
00:29:07,640 --> 00:29:10,640
Speaker 1: The friends and family, that's like sure fire away to

651
00:29:10,760 --> 00:29:14,880
Speaker 1: cause a ruckus at Thanksgiving. Like no, okay, there's no

652
00:29:14,880 --> 00:29:17,560
Speaker 1: no friends and family. But definitely I believe in investing

653
00:29:17,560 --> 00:29:21,080
Speaker 1: in yourself, saving money and because there's nobody that's going

654
00:29:21,120 --> 00:29:24,200
Speaker 1: to support you or like root for you more than yourself. Right,

655
00:29:24,280 --> 00:29:27,240
Speaker 1: So I'm definitely down with that. Friends and family, I say, no,

656
00:29:27,400 --> 00:29:28,680
Speaker 1: I'm sorry.

657
00:29:28,600 --> 00:29:29,280
Speaker 3: It depends.

658
00:29:29,400 --> 00:29:32,560
Speaker 2: I mean, if someone comes to me, I would say

659
00:29:32,600 --> 00:29:35,000
Speaker 2: more family than friends. If they come to me they

660
00:29:35,000 --> 00:29:38,440
Speaker 2: have a solid plan, then I'm not I'm I don't.

661
00:29:38,760 --> 00:29:40,480
Speaker 2: I'm not going to shy away from helping them out

662
00:29:40,600 --> 00:29:42,360
Speaker 2: if I really believe in it, if I see they

663
00:29:42,400 --> 00:29:45,240
Speaker 2: have a plan, if you know, but not someone just

664
00:29:45,240 --> 00:29:47,760
Speaker 2: says I'm struggling. Can I get some money? Like, no,

665
00:29:47,840 --> 00:29:50,800
Speaker 2: I want to know if how is this money going

666
00:29:50,880 --> 00:29:54,320
Speaker 2: to put you in a better place permanently, Like I

667
00:29:54,320 --> 00:29:55,760
Speaker 2: don't want to just give you money just to pay

668
00:29:55,760 --> 00:29:56,479
Speaker 2: your bill and that's it.

669
00:29:56,560 --> 00:29:58,720
Speaker 1: Now, Okay, do y'all loan money? That's a good question.

670
00:29:58,720 --> 00:30:00,239
Speaker 1: Do y'all loan money to people? Because I have a

671
00:30:00,240 --> 00:30:02,800
Speaker 1: firm stance because I didn't got burnt a couple of

672
00:30:02,880 --> 00:30:06,080
Speaker 1: times yet, No, I ain't loaning nothing.

673
00:30:06,480 --> 00:30:08,800
Speaker 4: So loan would would imply that the money is going

674
00:30:08,880 --> 00:30:09,520
Speaker 4: to be paid.

675
00:30:09,400 --> 00:30:11,680
Speaker 3: Back, right, Yes, but we all know it's not.

676
00:30:12,640 --> 00:30:17,160
Speaker 4: No, I mean I haven't. I haven't with the intent

677
00:30:17,240 --> 00:30:19,800
Speaker 4: of expecting it to come back. But I have given

678
00:30:19,840 --> 00:30:22,680
Speaker 4: money with the intent of helping out a situation.

679
00:30:23,840 --> 00:30:25,880
Speaker 3: Okay, I like that. Okay, now I'll let y'all get

680
00:30:25,880 --> 00:30:28,160
Speaker 3: back to the well wait, well, now that you take.

681
00:30:31,400 --> 00:30:34,360
Speaker 2: Right, So wait, now we're going to get back to

682
00:30:34,400 --> 00:30:35,160
Speaker 2: the metaverse.

683
00:30:35,480 --> 00:30:35,720
Speaker 3: NFT.

684
00:30:36,040 --> 00:30:39,480
Speaker 2: I know these guys, but now that you talked about business,

685
00:30:39,520 --> 00:30:42,000
Speaker 2: I want to piggyback on that conversation. I hear from

686
00:30:42,040 --> 00:30:44,680
Speaker 2: a lot of people who you know, they they're working

687
00:30:44,680 --> 00:30:47,400
Speaker 2: a nine to five and they really want to be entrepreneurs.

688
00:30:47,440 --> 00:30:50,120
Speaker 2: They really want to create multiple streams of income and

689
00:30:50,160 --> 00:30:52,600
Speaker 2: they don't know where to start. And you know, my

690
00:30:52,640 --> 00:30:54,760
Speaker 2: advice to them is, Okay, what are you interested in?

691
00:30:55,240 --> 00:30:57,920
Speaker 2: What can you, you know, find to monetize something that

692
00:30:57,920 --> 00:31:00,120
Speaker 2: you're interested in. But for people who really don't think

693
00:31:00,160 --> 00:31:04,480
Speaker 2: they have some sort of tangible item to sell, what

694
00:31:04,920 --> 00:31:09,120
Speaker 2: avenue would you say for like people should look into

695
00:31:09,320 --> 00:31:13,520
Speaker 2: to maybe become entrepreneurs. Like, I know there's so many things,

696
00:31:13,560 --> 00:31:17,280
Speaker 2: like especially with the vending machines, how is that going

697
00:31:17,320 --> 00:31:18,120
Speaker 2: for you guys?

698
00:31:18,640 --> 00:31:22,000
Speaker 4: I'll just start with education because I've had this conversation

699
00:31:22,040 --> 00:31:23,840
Speaker 4: with a number of my colleagues who don't think they

700
00:31:23,840 --> 00:31:25,640
Speaker 4: could be entrepreneurs, And I'm like, the first thing you

701
00:31:25,640 --> 00:31:27,760
Speaker 4: have to do is what's your purpose? Right? And everything

702
00:31:27,880 --> 00:31:29,360
Speaker 4: was like to help people. I'm like, well, you have

703
00:31:29,360 --> 00:31:31,120
Speaker 4: a skill set that somebody else doesn't have. You have

704
00:31:31,160 --> 00:31:32,880
Speaker 4: a skill set that I don't have. I use a

705
00:31:32,920 --> 00:31:37,280
Speaker 4: young lady for example. She her son is hearing imperent

706
00:31:37,480 --> 00:31:39,680
Speaker 4: and she's advocated for him for the past three years.

707
00:31:40,200 --> 00:31:43,080
Speaker 4: And I told him, like, look, your level of advocacy.

708
00:31:43,280 --> 00:31:45,320
Speaker 4: Everybody doesn't know how to do that. You should probably

709
00:31:45,320 --> 00:31:47,920
Speaker 4: write a book on this right, And her mind was like, wait,

710
00:31:47,960 --> 00:31:49,560
Speaker 4: I can't do that, And I'm like, yeah, you could.

711
00:31:49,600 --> 00:31:52,560
Speaker 4: Like you're fighting for this every single day. So the

712
00:31:52,600 --> 00:31:54,280
Speaker 4: first thing I would say is, look right in front

713
00:31:54,280 --> 00:31:57,000
Speaker 4: of you. You probably possess a skill and a purpose

714
00:31:57,280 --> 00:31:59,880
Speaker 4: that the other person doesn't. Right. Another one of my colleagues,

715
00:32:00,040 --> 00:32:01,240
Speaker 4: she was like, I don't know, I need to create

716
00:32:01,280 --> 00:32:03,520
Speaker 4: more income. I'm like, well, you're a great teacher, why

717
00:32:03,520 --> 00:32:05,960
Speaker 4: don't you create a tutoring service? Right? You can do

718
00:32:06,000 --> 00:32:08,600
Speaker 4: that after school, Like that's not going to cost you anything.

719
00:32:08,640 --> 00:32:10,800
Speaker 4: And you're doing what you naturally do. You're great at

720
00:32:10,840 --> 00:32:14,280
Speaker 4: you're a teacher. So the problem is that people will

721
00:32:14,560 --> 00:32:16,480
Speaker 4: use like, hey, I don't have the time for it.

722
00:32:16,520 --> 00:32:18,640
Speaker 4: But I'm like, well, either you're going to dedicate the

723
00:32:18,680 --> 00:32:20,360
Speaker 4: time to doing that, or you're going to dedicate the

724
00:32:20,400 --> 00:32:23,080
Speaker 4: next twenty five years to doing this, right.

725
00:32:22,960 --> 00:32:26,480
Speaker 1: Right, Troy, you dropping knowledge? Troy, you dropping knowledge over there.

726
00:32:27,000 --> 00:32:29,800
Speaker 4: It's just what you have to choose, right. But everybody,

727
00:32:29,880 --> 00:32:32,240
Speaker 4: I believe that everybody has a purpose. They just haven't

728
00:32:32,320 --> 00:32:34,680
Speaker 4: tapped into it, right, or they're overlooking it. A lot

729
00:32:34,680 --> 00:32:36,720
Speaker 4: of times, it's like it's right in front of you, right,

730
00:32:36,760 --> 00:32:39,160
Speaker 4: So like people ask me now, like hey, Troy, how

731
00:32:39,160 --> 00:32:41,080
Speaker 4: does it feel not to teach anymore? And I'm like, well,

732
00:32:41,160 --> 00:32:42,120
Speaker 4: I'm teaching every day.

733
00:32:42,680 --> 00:32:45,520
Speaker 3: You still teaching? Oh yeah, so you're teaching big time.

734
00:32:45,880 --> 00:32:46,200
Speaker 5: Yeah.

735
00:32:46,240 --> 00:32:48,120
Speaker 3: I didn't learn about four things today. I didn't learn

736
00:32:48,120 --> 00:32:48,720
Speaker 3: about four things.

737
00:32:48,760 --> 00:32:53,640
Speaker 6: You can talk assessment at the end of this right right, No,

738
00:32:53,760 --> 00:32:55,440
Speaker 6: but you are teaching a lot because, like I said,

739
00:32:55,480 --> 00:32:58,360
Speaker 6: I learned about I am you know, I learned about

740
00:32:58,360 --> 00:32:59,120
Speaker 6: stocks from you guys.

741
00:32:59,120 --> 00:33:01,720
Speaker 2: I also learn about things to do for my children.

742
00:33:01,880 --> 00:33:05,920
Speaker 2: One of which I believe I learned from you guys was,

743
00:33:06,200 --> 00:33:08,400
Speaker 2: you know, make them your employee. I have a business.

744
00:33:08,600 --> 00:33:11,400
Speaker 2: So now I've set both of my kids up as employees.

745
00:33:11,440 --> 00:33:14,280
Speaker 2: I pay them, you know, just under the threshold so

746
00:33:14,320 --> 00:33:17,040
Speaker 2: that they're not taxed and you know, to tax right

747
00:33:17,080 --> 00:33:19,320
Speaker 2: off for me. They're building, you know, they're they'll be

748
00:33:19,480 --> 00:33:23,600
Speaker 2: they're building a little nest egg. What I know a

749
00:33:23,640 --> 00:33:28,880
Speaker 2: lot of people want to create generational wealth for their kids.

750
00:33:28,880 --> 00:33:31,440
Speaker 2: They want to set their kids up for success. So

751
00:33:32,360 --> 00:33:34,400
Speaker 2: what is the best advice that you can give to

752
00:33:34,560 --> 00:33:40,040
Speaker 2: parents to help them set their kids up for financial success.

753
00:33:40,920 --> 00:33:43,800
Speaker 5: Just start early, Start early, opening an investment account for them.

754
00:33:44,080 --> 00:33:47,120
Speaker 5: You can open up an OUTMA and that's like a

755
00:33:47,800 --> 00:33:50,160
Speaker 5: a brokerage account and investment account but for kids.

756
00:33:50,800 --> 00:33:53,360
Speaker 3: And uh wait a minute, what's that called again? An artma?

757
00:33:53,880 --> 00:33:57,840
Speaker 2: You t u t m A you t m ad

758
00:33:58,080 --> 00:33:58,680
Speaker 2: audio account.

759
00:33:58,760 --> 00:33:59,400
Speaker 3: Y'all have kids?

760
00:34:00,080 --> 00:34:00,920
Speaker 5: I have a son?

761
00:34:01,640 --> 00:34:04,040
Speaker 3: Okay, Uta, Okay, I'm sorry, go ahead.

762
00:34:04,440 --> 00:34:08,480
Speaker 5: So that's an investment account that you are like pretty

763
00:34:08,520 --> 00:34:10,239
Speaker 5: much the owner that custodian of and you can put

764
00:34:10,280 --> 00:34:12,520
Speaker 5: money in. You can invest in Apple, you can invest

765
00:34:12,560 --> 00:34:16,240
Speaker 5: in ETFs and they don't gain access to that until

766
00:34:16,239 --> 00:34:19,520
Speaker 5: they turn eighteen to an adult, but you know, that

767
00:34:19,600 --> 00:34:22,319
Speaker 5: allows the money to grow into an account. So that's

768
00:34:22,320 --> 00:34:24,080
Speaker 5: that's one real easy way that you can do it.

769
00:34:24,120 --> 00:34:27,480
Speaker 5: You can do any online account like TD and mariatrade,

770
00:34:27,800 --> 00:34:31,080
Speaker 5: you can do Merrill Lynch, any like online brokens account.

771
00:34:31,080 --> 00:34:32,239
Speaker 5: You can go in there and take a couple of

772
00:34:32,239 --> 00:34:34,640
Speaker 5: minutes into the information and then you have the account

773
00:34:34,640 --> 00:34:37,080
Speaker 5: you can start investing money in. You can have a

774
00:34:37,120 --> 00:34:39,920
Speaker 5: five to twenty nine plan, which that allows you to

775
00:34:39,920 --> 00:34:42,640
Speaker 5: put money away for their education. So that's the way

776
00:34:42,640 --> 00:34:44,520
Speaker 5: that you know, parents want to save for college, or

777
00:34:44,560 --> 00:34:47,600
Speaker 5: you want to save for prep school or whatever, not

778
00:34:47,719 --> 00:34:50,600
Speaker 5: just higher education, any form of education. You can save.

779
00:34:50,640 --> 00:34:52,160
Speaker 5: And the good thing with the five to twenty nine

780
00:34:52,200 --> 00:34:54,920
Speaker 5: plans is that the money is tax free as long

781
00:34:54,960 --> 00:34:56,840
Speaker 5: as you use it for education. And depending on what

782
00:34:56,880 --> 00:34:58,560
Speaker 5: state you live in, if you invest in the state's

783
00:34:58,560 --> 00:35:00,760
Speaker 5: file twenty nine plan, you get a state tax deduction

784
00:35:01,200 --> 00:35:02,640
Speaker 5: for the amount of money that you put in, so

785
00:35:02,640 --> 00:35:06,280
Speaker 5: that's beneficial as well. So those are two easy ways

786
00:35:06,320 --> 00:35:08,400
Speaker 5: where you can actually go about to start to build

787
00:35:08,400 --> 00:35:13,040
Speaker 5: some assets, some wealth for your child down the line.

788
00:35:13,320 --> 00:35:15,480
Speaker 4: Yeah, I think what you're doing now is great, right,

789
00:35:15,520 --> 00:35:18,960
Speaker 4: like paying them as employees of your business. Right, if

790
00:35:19,000 --> 00:35:21,239
Speaker 4: your child is seven years old, can you imagine if

791
00:35:21,239 --> 00:35:23,000
Speaker 4: you paid them ten thousand dollars a year to their

792
00:35:23,000 --> 00:35:26,960
Speaker 4: seventeen right, Yes, it's right, you're talking about you there

793
00:35:26,960 --> 00:35:29,319
Speaker 4: are already six figures by the time they're eighteen. And

794
00:35:29,360 --> 00:35:31,600
Speaker 4: if you invest in a custodio account. That's why we'd

795
00:35:31,640 --> 00:35:33,480
Speaker 4: like to talk about starting early. Right. So right now,

796
00:35:33,520 --> 00:35:37,120
Speaker 4: our kids are playing roadblocks and they're using their iPads,

797
00:35:37,120 --> 00:35:38,799
Speaker 4: and so these are companies that we're invested in and

798
00:35:38,800 --> 00:35:41,920
Speaker 4: putting inside their studio cults. Now, when we talk about

799
00:35:41,960 --> 00:35:45,479
Speaker 4: whole long term, that's not even a vision like long term,

800
00:35:45,560 --> 00:35:48,319
Speaker 4: like I'm seventeen, they're still young, right, but that's ten

801
00:35:48,400 --> 00:35:50,719
Speaker 4: years of equity that they've grown inside those companies. And

802
00:35:50,800 --> 00:35:53,600
Speaker 4: so that's another way. Just look at what they're doing

803
00:35:53,640 --> 00:35:55,600
Speaker 4: now right where they invest in their time in because

804
00:35:55,680 --> 00:35:58,160
Speaker 4: kids will tell you what's trended and what's hot, right,

805
00:35:58,160 --> 00:35:58,879
Speaker 4: they'll let you know.

806
00:35:58,880 --> 00:36:00,360
Speaker 3: Right, that's not true, you know.

807
00:36:00,600 --> 00:36:02,960
Speaker 2: So, so my father had an UPMA for me, and

808
00:36:03,239 --> 00:36:05,680
Speaker 2: of course once I turned like eighteen and I was

809
00:36:06,160 --> 00:36:08,200
Speaker 2: had access to it, I blew.

810
00:36:08,080 --> 00:36:11,799
Speaker 3: Right through it. So like thriving not good.

811
00:36:11,880 --> 00:36:14,600
Speaker 2: Yeah, So so the hard part is, yeah, we're gonna

812
00:36:14,600 --> 00:36:16,640
Speaker 2: say for our kids, but we also have to teach

813
00:36:16,719 --> 00:36:20,399
Speaker 2: them and create discipline for them so that they don't

814
00:36:20,400 --> 00:36:22,200
Speaker 2: blow through that money and so that they you know,

815
00:36:22,280 --> 00:36:24,960
Speaker 2: maybe continue to invest it. But that definitely happened to me.

816
00:36:25,080 --> 00:36:27,680
Speaker 2: Like me and my brother, we blew through our us.

817
00:36:28,040 --> 00:36:29,120
Speaker 3: So this is what not to do.

818
00:36:30,000 --> 00:36:32,800
Speaker 4: But that's why we and I've been saying this recently.

819
00:36:32,800 --> 00:36:35,600
Speaker 4: It was like we the term generational wealth is cool,

820
00:36:35,680 --> 00:36:38,279
Speaker 4: but generation generation it could be blown. Not to say

821
00:36:38,360 --> 00:36:40,319
Speaker 4: that that's what happened to you, But the term really

822
00:36:40,320 --> 00:36:43,200
Speaker 4: should be sustainable wealth, right, So as they're growing and

823
00:36:43,280 --> 00:36:45,560
Speaker 4: how do they sustain it so that they can't mess

824
00:36:45,600 --> 00:36:48,000
Speaker 4: this up, right, Like, there's no way we're gonna put

825
00:36:48,000 --> 00:36:50,120
Speaker 4: the if this was bowling, we're putting the bumpers up

826
00:36:50,400 --> 00:36:53,680
Speaker 4: so that we've generated the wealth right this generation, and

827
00:36:53,680 --> 00:36:55,279
Speaker 4: we're going to teach them how to sustain it so

828
00:36:55,320 --> 00:36:58,360
Speaker 4: that their kids and their grandkids will always have this wealth. Right,

829
00:36:58,360 --> 00:37:00,879
Speaker 4: because if we teach generation, there's no way. I gave

830
00:37:00,920 --> 00:37:03,080
Speaker 4: the example my dad worked for forty two years. My

831
00:37:03,160 --> 00:37:05,480
Speaker 4: son is eight years old. Since he's been alive, he's

832
00:37:05,520 --> 00:37:07,960
Speaker 4: only seen my dad sitting on the couch. He's never

833
00:37:08,000 --> 00:37:09,440
Speaker 4: seen the hard work that he had to put in.

834
00:37:09,480 --> 00:37:11,520
Speaker 4: He's never seen those things. And so like, yeah, I

835
00:37:11,560 --> 00:37:13,840
Speaker 4: can teach you that he can watch me, But the

836
00:37:13,880 --> 00:37:22,240
Speaker 4: more important thing is how to sustain this long term.

837
00:37:22,400 --> 00:37:24,239
Speaker 2: Okay, I still want to talk about the metaverse, but

838
00:37:24,440 --> 00:37:26,360
Speaker 2: so that's gonna we're gonna close out with the metaverse.

839
00:37:26,680 --> 00:37:29,759
Speaker 2: But before we before we let y'all go, are there

840
00:37:29,800 --> 00:37:33,920
Speaker 2: any particular episodes that you would tell our listeners who

841
00:37:33,920 --> 00:37:36,320
Speaker 2: are new to you, guys who want to learn about,

842
00:37:36,760 --> 00:37:39,200
Speaker 2: you know, investing in business, Like, do you have episodes

843
00:37:39,200 --> 00:37:41,759
Speaker 2: that you're like, this is the one, go listen to

844
00:37:41,800 --> 00:37:43,839
Speaker 2: this one and then they'll be hooked and then they'll

845
00:37:43,840 --> 00:37:45,160
Speaker 2: start listening to some more.

846
00:37:46,880 --> 00:37:49,680
Speaker 5: I think episode forty four with On Wall Street trap,

847
00:37:49,719 --> 00:37:53,480
Speaker 5: but that was a good introduction to stocks. If anybody's

848
00:37:53,480 --> 00:37:55,640
Speaker 5: interested in stocks, that's something that you could listen to

849
00:37:55,680 --> 00:38:00,360
Speaker 5: and learn about the stock market. Episode eleven, which is

850
00:38:00,360 --> 00:38:03,320
Speaker 5: probably one of my favorite episodes, that was a restaurant

851
00:38:03,360 --> 00:38:07,360
Speaker 5: owner from Baltimore actually, and he actually gave a complete

852
00:38:07,440 --> 00:38:10,080
Speaker 5: blueprint of like the engine outs of his industry. So

853
00:38:10,440 --> 00:38:13,160
Speaker 5: not just for people that's interested in running a restaurant,

854
00:38:13,160 --> 00:38:16,160
Speaker 5: but anybody that's interested in business period. That's a very

855
00:38:16,280 --> 00:38:20,319
Speaker 5: very detailed, transparent episode. So those are two episodes that

856
00:38:20,440 --> 00:38:22,480
Speaker 5: I would I would put I love that.

857
00:38:22,480 --> 00:38:23,239
Speaker 3: You know the number.

858
00:38:23,320 --> 00:38:25,319
Speaker 1: I mean, okay, wait, we don't know then none of

859
00:38:25,320 --> 00:38:26,280
Speaker 1: our episodes four.

860
00:38:26,160 --> 00:38:29,480
Speaker 2: I hold your thought, Troy, because I want you to

861
00:38:29,520 --> 00:38:30,400
Speaker 2: tell us your episodes.

862
00:38:30,719 --> 00:38:32,719
Speaker 3: How do y'all know? How many episodes do you have?

863
00:38:32,800 --> 00:38:33,400
Speaker 3: And how do you know?

864
00:38:35,200 --> 00:38:38,480
Speaker 5: Those are just those that good? Those are memorable episodes

865
00:38:38,480 --> 00:38:40,759
Speaker 5: for me. So I kind of, you know, stuck out.

866
00:38:41,160 --> 00:38:43,920
Speaker 2: That's that's awesome. I'm listening to them, all right, what

867
00:38:43,960 --> 00:38:44,279
Speaker 2: you guys?

868
00:38:44,280 --> 00:38:45,960
Speaker 4: All right? So we got the first answers we got

869
00:38:45,960 --> 00:38:50,040
Speaker 4: one hundred and sixty nine episodes. Relisha. Number eleven is

870
00:38:50,040 --> 00:38:52,239
Speaker 4: probably my favorite as well, and number twelve where we

871
00:38:52,360 --> 00:38:55,440
Speaker 4: actually talk about real estate with our brother MG to

872
00:38:55,480 --> 00:38:58,440
Speaker 4: mortgage guy. It's a very powerful episode, kind of changed

873
00:38:58,440 --> 00:39:00,600
Speaker 4: my mindset. We recorded it in my and when he

874
00:39:00,680 --> 00:39:03,200
Speaker 4: was talking about strategies and how to invest in real estate,

875
00:39:03,200 --> 00:39:05,160
Speaker 4: I'm thinking to myself, like, damn, I wish I would

876
00:39:05,200 --> 00:39:07,480
Speaker 4: have known this three years prior. So that was one

877
00:39:07,480 --> 00:39:10,080
Speaker 4: of those. And then episode seventy well with our brother

878
00:39:10,120 --> 00:39:12,600
Speaker 4: Ian Dunlap, who's our partner on Market Mondays, is another

879
00:39:12,600 --> 00:39:15,279
Speaker 4: one of those investment episodes that just kind of like

880
00:39:15,320 --> 00:39:17,279
Speaker 4: shook the world up a little bit. So those two

881
00:39:17,320 --> 00:39:19,440
Speaker 4: are incredible. But there's a lot. There's a bunch of them.

882
00:39:19,600 --> 00:39:22,920
Speaker 4: We have an Airbnb episode, we have the Vendom Machine episode.

883
00:39:23,080 --> 00:39:26,200
Speaker 4: Obviously the trucking episode that we did change the game.

884
00:39:26,280 --> 00:39:27,960
Speaker 4: So there's a bunch of them. There's a lot.

885
00:39:28,440 --> 00:39:30,680
Speaker 3: Okay, Okay, So I love them. I love it awesome.

886
00:39:30,680 --> 00:39:32,319
Speaker 2: All Right, we're gonna let y'all go, but we're gonna

887
00:39:32,320 --> 00:39:34,680
Speaker 2: talk about these NFTs and the metaverse and what does

888
00:39:34,719 --> 00:39:37,120
Speaker 2: all that mean and should I do? Should I should

889
00:39:37,160 --> 00:39:39,240
Speaker 2: I sell a picture of myself for some money?

890
00:39:39,320 --> 00:39:39,680
Speaker 5: Is that what?

891
00:39:39,719 --> 00:39:42,520
Speaker 4: It's like, that's only that's only fans. That's only fans.

892
00:39:42,560 --> 00:39:43,400
Speaker 4: That ain't that ain't.

893
00:39:45,560 --> 00:39:48,120
Speaker 3: We're not doing only fans. We're not doing that, right

894
00:39:48,160 --> 00:39:50,680
Speaker 3: because that's naked. You get naked. You can show people

895
00:39:50,680 --> 00:39:52,600
Speaker 3: your feet and stuff. Oh yeah, don't nobody want to

896
00:39:52,600 --> 00:39:54,960
Speaker 3: see my toes? But my toes are kissable. But anyway,

897
00:39:55,040 --> 00:39:55,600
Speaker 3: let's move on.

898
00:39:58,160 --> 00:40:00,439
Speaker 5: So NFTs, you want to know what they are?

899
00:40:01,680 --> 00:40:01,919
Speaker 3: Yeah?

900
00:40:01,960 --> 00:40:03,920
Speaker 2: Like I just keep this, I just keep hearing n

901
00:40:04,000 --> 00:40:09,520
Speaker 2: FT's metaverse. It's just you know, like people selling pictures

902
00:40:09,280 --> 00:40:12,879
Speaker 2: and I don't know, like old stuff and getting making

903
00:40:12,920 --> 00:40:14,960
Speaker 2: a million. Oh I saw some of my thirteen year

904
00:40:15,000 --> 00:40:17,200
Speaker 2: old girl made a million dollars off of NFTs.

905
00:40:17,239 --> 00:40:18,680
Speaker 3: Like what is this?

906
00:40:19,239 --> 00:40:22,360
Speaker 5: Yeah, NFT is a non fungible token show. It's so

907
00:40:23,160 --> 00:40:27,040
Speaker 5: when you think of something that's replaceable, that's fungible. So

908
00:40:27,280 --> 00:40:29,080
Speaker 5: like shout out to my brother nineteen keys. He gave

909
00:40:29,080 --> 00:40:31,440
Speaker 5: a really good example at all you So a dollar

910
00:40:31,960 --> 00:40:34,480
Speaker 5: a dollar is fungible, right, So it's like if you

911
00:40:34,600 --> 00:40:37,440
Speaker 5: have a dollar bill and you lose it and then

912
00:40:37,440 --> 00:40:39,759
Speaker 5: I give you another dollar bill, it's not a big deal.

913
00:40:40,560 --> 00:40:43,480
Speaker 5: You don't really care, right, right, But like let's say

914
00:40:43,680 --> 00:40:49,000
Speaker 5: that if Beyonce autographed a dollar bill, right, you lose

915
00:40:49,080 --> 00:40:51,120
Speaker 5: it and then I give you another dollar bill, and

916
00:40:51,200 --> 00:40:53,879
Speaker 5: that's not the scene. Okay, you know what I'm saying.

917
00:40:53,880 --> 00:40:57,960
Speaker 5: Because now now that autograph Beyonce, that's non fungible. You

918
00:40:57,960 --> 00:41:02,560
Speaker 5: can't really replace that. So now what it is is

919
00:41:02,640 --> 00:41:06,440
Speaker 5: it's the same thing with art. So like if Boskioch

920
00:41:06,680 --> 00:41:10,759
Speaker 5: does a painting, right and he's no longer here, there's

921
00:41:10,760 --> 00:41:14,920
Speaker 5: no way to really replicate that unless you just have forgery.

922
00:41:15,320 --> 00:41:17,920
Speaker 5: There's only one of those paintings, which is why they're

923
00:41:18,000 --> 00:41:22,120
Speaker 5: so valuable. Right. So now with NFT, it's the same idea,

924
00:41:22,239 --> 00:41:24,920
Speaker 5: the same concept, but it's on a blockchain, which is

925
00:41:24,920 --> 00:41:28,640
Speaker 5: why art was like the first adoption to the NFT

926
00:41:28,800 --> 00:41:30,960
Speaker 5: world if you think about it, because that makes complete

927
00:41:31,000 --> 00:41:33,960
Speaker 5: sense where it's like you have artists that draw something

928
00:41:33,960 --> 00:41:36,279
Speaker 5: and it's only one of one of those, so it

929
00:41:36,280 --> 00:41:37,880
Speaker 5: will be the same thing in the digital world. So

930
00:41:37,920 --> 00:41:40,160
Speaker 5: now they came up with like digital art, whereas like

931
00:41:41,200 --> 00:41:46,160
Speaker 5: apes and monkeys and lions and all these different things. Right,

932
00:41:46,520 --> 00:41:48,960
Speaker 5: So that's one way to think about it where it's

933
00:41:48,960 --> 00:41:52,200
Speaker 5: like kind of like a digital art form that can't

934
00:41:52,200 --> 00:41:57,280
Speaker 5: be replicated, can't be can't be duplicated, and the proof

935
00:41:57,360 --> 00:41:59,480
Speaker 5: of it is on a blockchain, which to say, okay,

936
00:41:59,520 --> 00:42:03,120
Speaker 5: this is number one of one. You are the owner,

937
00:42:03,960 --> 00:42:06,719
Speaker 5: nobody else has it. You have all the rights to it.

938
00:42:07,160 --> 00:42:09,560
Speaker 5: That's it. It's not arguable, you can't argue it, can't

939
00:42:09,560 --> 00:42:11,799
Speaker 5: do anything with it. But there's other real world use

940
00:42:11,960 --> 00:42:15,520
Speaker 5: use cases to it as well. So like Nike is

941
00:42:15,560 --> 00:42:20,640
Speaker 5: planning on releasing NFTs with every sneaker, so now it's

942
00:42:20,680 --> 00:42:24,080
Speaker 5: like the counterfeit sneaker market is huge. So now you

943
00:42:24,080 --> 00:42:26,560
Speaker 5: don't have to worry about buying fake Jordan's because you

944
00:42:26,560 --> 00:42:31,400
Speaker 5: know you can identify that this is a one authentic

945
00:42:31,640 --> 00:42:34,839
Speaker 5: Nike shoe because of the NFT that's attached to it.

946
00:42:35,280 --> 00:42:39,000
Speaker 5: So smart. Yeah. So or even like nas who just

947
00:42:39,120 --> 00:42:46,160
Speaker 5: released two songs via the NFT holders have they actually

948
00:42:46,200 --> 00:42:49,280
Speaker 5: have rights to the song. So now they get publishing

949
00:42:49,400 --> 00:42:52,640
Speaker 5: rights every time the song gets sold. So now they're

950
00:42:52,640 --> 00:42:55,800
Speaker 5: actually owners of his catalog, like part of his catalog,

951
00:42:55,800 --> 00:42:58,120
Speaker 5: they actually owners of it. So that's an interesting way

952
00:42:58,120 --> 00:42:59,719
Speaker 5: to go about it as well, where now you can

953
00:42:59,719 --> 00:43:03,680
Speaker 5: actually like a business or influencer or a musician can

954
00:43:03,719 --> 00:43:07,560
Speaker 5: actually offer their fans, their supporters ownership, and their music

955
00:43:07,680 --> 00:43:11,480
Speaker 5: or ownership, and their product ownership and their company by NFTs.

956
00:43:11,520 --> 00:43:13,040
Speaker 5: And it's like, if you own this, it's like a

957
00:43:13,080 --> 00:43:16,759
Speaker 5: stock certificate. Like if you own this NFT, you're guaranteed

958
00:43:16,800 --> 00:43:19,960
Speaker 5: to two percent of the portions forever. And a good

959
00:43:19,960 --> 00:43:22,920
Speaker 5: thing too, is that it lasts forever, lasting perpetuity, and

960
00:43:22,960 --> 00:43:27,920
Speaker 5: every time it gets resold, the original person gets a percentage.

961
00:43:27,920 --> 00:43:29,480
Speaker 5: So you set a commission. So if it's like, let's

962
00:43:29,480 --> 00:43:31,799
Speaker 5: say you set a ten percent commission on it and

963
00:43:31,880 --> 00:43:34,560
Speaker 5: it's a digital artwork, Now you sell it for one

964
00:43:34,600 --> 00:43:37,480
Speaker 5: thousand dollars, and then somebody else sells it for ten

965
00:43:37,520 --> 00:43:40,800
Speaker 5: thousand dollars. Now when they sold it for ten thousand,

966
00:43:40,840 --> 00:43:43,240
Speaker 5: you get a thousand because you have a ten percent

967
00:43:43,480 --> 00:43:48,440
Speaker 5: commission on it. So it's like, imagine if Boscioch, if

968
00:43:48,480 --> 00:43:51,200
Speaker 5: he like, his latest painting sold for like one hundred

969
00:43:51,200 --> 00:43:52,959
Speaker 5: million dollars a couple of years ago. But I think

970
00:43:53,040 --> 00:43:55,040
Speaker 5: the most he ever received for a painting while he

971
00:43:55,160 --> 00:43:58,000
Speaker 5: was alive was like less than one hundred thousand. So

972
00:43:58,080 --> 00:44:00,799
Speaker 5: imagine that his family, if it was an NFT, his

973
00:44:00,920 --> 00:44:03,800
Speaker 5: family actually had that royalty now let's say it was

974
00:44:03,840 --> 00:44:06,600
Speaker 5: ten percent. So now when it got sold last year,

975
00:44:06,600 --> 00:44:08,919
Speaker 5: two years ago for one hundred million, his family would

976
00:44:08,920 --> 00:44:11,240
Speaker 5: have got ten million dollars as opposed to his family's

977
00:44:11,239 --> 00:44:13,560
Speaker 5: like getting anything from one hundred million. If it gets

978
00:44:13,600 --> 00:44:16,759
Speaker 5: sold again for three hundred million, his family doesn't get

979
00:44:16,760 --> 00:44:20,160
Speaker 5: anything from that. So, you know, the NFT conversation, I'll

980
00:44:20,200 --> 00:44:22,360
Speaker 5: let you talk about the metaverse, but the NFT conversation

981
00:44:22,520 --> 00:44:27,440
Speaker 5: is something that is extremely interesting because it carries a

982
00:44:27,480 --> 00:44:29,560
Speaker 5: lot of different verticals. A lot of people are just

983
00:44:29,560 --> 00:44:32,080
Speaker 5: focusing on one area, which is the art, and they

984
00:44:32,080 --> 00:44:34,600
Speaker 5: don't understand it. And it's like, yeah, why is the

985
00:44:34,880 --> 00:44:37,480
Speaker 5: ape selling for three hundred thousand dollars? Why is a

986
00:44:37,480 --> 00:44:40,040
Speaker 5: picture of a banana selling for fifty thousand dollars? But

987
00:44:40,640 --> 00:44:44,040
Speaker 5: that's only one part of it. It has a lot

988
00:44:44,080 --> 00:44:47,239
Speaker 5: of different use cases and I think that that's going

989
00:44:47,320 --> 00:44:49,439
Speaker 5: to be interesting to see, Like, you know, it play

990
00:44:49,480 --> 00:44:50,640
Speaker 5: out more and more as the future.

991
00:44:51,719 --> 00:44:55,200
Speaker 2: So where do you go to learn more or to purchase?

992
00:44:55,239 --> 00:44:57,120
Speaker 2: You know, if I wanted to purchase no ape?

993
00:44:57,120 --> 00:44:58,759
Speaker 3: Where do I go? If I wanted to sell him

994
00:44:58,800 --> 00:44:59,400
Speaker 3: the picture of me?

995
00:44:59,800 --> 00:44:59,920
Speaker 2: Like?

996
00:45:00,080 --> 00:45:04,480
Speaker 3: Right, I don't know where that.

997
00:45:03,760 --> 00:45:05,680
Speaker 4: You wanted to sell your own enerty, you'd have to

998
00:45:05,719 --> 00:45:08,560
Speaker 4: go through what's called a minting process, and it is.

999
00:45:09,640 --> 00:45:12,000
Speaker 4: There's a few places you can do that. The space

1000
00:45:12,080 --> 00:45:14,600
Speaker 4: is so new, it's almost like when when the Internet

1001
00:45:14,680 --> 00:45:17,279
Speaker 4: was around, when everybody was like trying to find their

1002
00:45:17,320 --> 00:45:20,080
Speaker 4: dot com. That's that's what we're going through right now.

1003
00:45:20,320 --> 00:45:23,440
Speaker 4: And so like that NFT piece is really important, but

1004
00:45:23,600 --> 00:45:26,560
Speaker 4: like sites like openseed dot io is a place you

1005
00:45:26,600 --> 00:45:29,399
Speaker 4: can like do some research and search the artwork, right,

1006
00:45:29,440 --> 00:45:31,359
Speaker 4: So like when we're talking about board ape, so we're

1007
00:45:31,360 --> 00:45:35,240
Speaker 4: talking about women of color, we're talking about crypto punks.

1008
00:45:35,680 --> 00:45:38,879
Speaker 4: You can see actually those actual pieces and you can

1009
00:45:38,880 --> 00:45:40,360
Speaker 4: bid on them, right. It's the same thing like you

1010
00:45:40,400 --> 00:45:42,360
Speaker 4: would bid on a piece of art. This is just

1011
00:45:42,400 --> 00:45:47,080
Speaker 4: done in the digital currency. So Ethereum is the platform

1012
00:45:47,080 --> 00:45:49,440
Speaker 4: that all these are built on right now, and Sonano's

1013
00:45:49,440 --> 00:45:54,160
Speaker 4: another one where they're actually gaining some ground. So that's

1014
00:45:54,160 --> 00:45:56,919
Speaker 4: why it's important to educate yourself, right because if you

1015
00:45:57,120 --> 00:45:59,240
Speaker 4: press the wrong button or you send them wrong code

1016
00:45:59,480 --> 00:46:01,360
Speaker 4: and you're trying to buy a piece of art or

1017
00:46:01,400 --> 00:46:04,200
Speaker 4: an NFT, you could lose it if you don't do

1018
00:46:04,239 --> 00:46:07,520
Speaker 4: the right thing. So that's important too. And then the

1019
00:46:07,560 --> 00:46:11,200
Speaker 4: metaverses is it's interesting, right, I felt like we've been

1020
00:46:11,239 --> 00:46:14,440
Speaker 4: prepared for this our whole lives, right, We're actually we're

1021
00:46:14,719 --> 00:46:17,080
Speaker 4: the ones who like we're champion this our whole lives.

1022
00:46:17,120 --> 00:46:19,080
Speaker 4: If we played video games in the eighties and the nineties,

1023
00:46:19,320 --> 00:46:21,640
Speaker 4: definitely in two thousand, if you played Grand Theft, Auto

1024
00:46:21,760 --> 00:46:24,160
Speaker 4: or Call It Duty or any of those game roadblocks

1025
00:46:24,160 --> 00:46:25,719
Speaker 4: the SIMS, I mean, like the SIMS was like this

1026
00:46:25,800 --> 00:46:28,279
Speaker 4: virtual world where you have characters. The only difference now

1027
00:46:28,360 --> 00:46:30,600
Speaker 4: is that you are the character inside these spaces and

1028
00:46:30,600 --> 00:46:33,920
Speaker 4: there's real, actual companies inside. And so the metaverse is

1029
00:46:33,960 --> 00:46:36,680
Speaker 4: like a virtual world. And I know it's kind of

1030
00:46:36,719 --> 00:46:40,200
Speaker 4: crazy because Facebook is now meta, and so when you

1031
00:46:40,239 --> 00:46:43,560
Speaker 4: think meta, you think Facebook. But there's a bunch of worlds.

1032
00:46:43,560 --> 00:46:45,880
Speaker 4: You've got to think of it like a galaxy of places.

1033
00:46:46,560 --> 00:46:49,440
Speaker 4: And so where people are going to will determine the

1034
00:46:49,520 --> 00:46:50,960
Speaker 4: value of the land that's there. So I know, like

1035
00:46:51,040 --> 00:46:53,520
Speaker 4: Snoop has, everybody keeps talking about Snoops in the metaverse,

1036
00:46:53,760 --> 00:46:55,839
Speaker 4: and everybody wants to buy property around him. And what

1037
00:46:55,880 --> 00:46:58,719
Speaker 4: that does is when he buys property right and people

1038
00:46:58,800 --> 00:47:00,680
Speaker 4: want to live in it, it drives the value of the

1039
00:47:00,960 --> 00:47:03,560
Speaker 4: actual property inside the space. So people are like, well,

1040
00:47:03,560 --> 00:47:07,799
Speaker 4: why would I have a digital virtual world? Well, number one,

1041
00:47:07,960 --> 00:47:10,640
Speaker 4: people are there right, this is the wave right now,

1042
00:47:10,800 --> 00:47:13,120
Speaker 4: and number two, there's plenty of use cases for it.

1043
00:47:13,239 --> 00:47:16,680
Speaker 4: So right now, like his neighbor, right, if they decided that, hey,

1044
00:47:16,719 --> 00:47:18,960
Speaker 4: I'm going to have an art gallery on the bottom

1045
00:47:19,000 --> 00:47:21,800
Speaker 4: floor of my house, right, the people who leave Snoops

1046
00:47:21,800 --> 00:47:24,719
Speaker 4: house will probably venture over to his next door neighbor, right,

1047
00:47:24,760 --> 00:47:26,640
Speaker 4: and then they'll see artwork that is hanging and they

1048
00:47:26,680 --> 00:47:29,759
Speaker 4: can bid on that artwork. Right on the second floor

1049
00:47:29,800 --> 00:47:31,400
Speaker 4: of the house, they maybe decide that they're going to

1050
00:47:31,400 --> 00:47:33,399
Speaker 4: have a virtual party up there, right, and they might

1051
00:47:33,440 --> 00:47:36,120
Speaker 4: charge people ninety nine cents to be in that party, right,

1052
00:47:36,239 --> 00:47:39,040
Speaker 4: So rather than having everybody, you could charge ninety nine

1053
00:47:39,040 --> 00:47:41,359
Speaker 4: cents or ninety nine whatever the equivalent is in ease,

1054
00:47:41,840 --> 00:47:45,360
Speaker 4: and now you can actually make money for your virtual space.

1055
00:47:45,920 --> 00:47:48,120
Speaker 3: Is this through Facebook or no? Is this through Facebook

1056
00:47:48,200 --> 00:47:48,400
Speaker 3: or not?

1057
00:47:48,520 --> 00:47:49,840
Speaker 4: It doesn't have to be. It doesn't have to be.

1058
00:47:49,880 --> 00:47:51,680
Speaker 4: They're still working on that place. Like the Central Land

1059
00:47:51,760 --> 00:47:52,960
Speaker 4: is a place that a lot of people will use,

1060
00:47:53,040 --> 00:47:55,640
Speaker 4: probably the most popular. We actually went into what's it

1061
00:47:55,680 --> 00:47:57,320
Speaker 4: called decentral Land.

1062
00:47:58,040 --> 00:47:59,120
Speaker 3: On the Central Land.

1063
00:47:59,200 --> 00:48:00,160
Speaker 4: Yeah, that's probably.

1064
00:48:00,440 --> 00:48:04,080
Speaker 2: This is is this just for young people?

1065
00:48:04,200 --> 00:48:06,399
Speaker 3: I mean no, my kids.

1066
00:48:06,480 --> 00:48:08,560
Speaker 1: My kids are all into the SAM So they're about

1067
00:48:08,560 --> 00:48:10,960
Speaker 1: to be like multi millionaires in about five minutes, okay,

1068
00:48:10,960 --> 00:48:12,120
Speaker 1: because they're about to get into this.

1069
00:48:12,200 --> 00:48:16,080
Speaker 4: Imagine if Reasonably Shady did a live show, right, and

1070
00:48:16,200 --> 00:48:16,960
Speaker 4: you had six.

1071
00:48:17,040 --> 00:48:20,280
Speaker 3: Which we're doing by the way, we're working towards yes.

1072
00:48:20,520 --> 00:48:23,120
Speaker 4: And we have an audience of five hundred people right now.

1073
00:48:23,160 --> 00:48:25,920
Speaker 4: Imagine that's five hundred ticket buyers and they can consume it.

1074
00:48:25,960 --> 00:48:28,040
Speaker 4: But what if you did it in a virtual space

1075
00:48:28,080 --> 00:48:30,600
Speaker 4: and now there is no limit, right, you could have

1076
00:48:30,760 --> 00:48:34,040
Speaker 4: five thousand people in there. And if you've played the SAMs,

1077
00:48:34,040 --> 00:48:37,120
Speaker 4: if you played any of these games, Roadblocks, Fortnite. People

1078
00:48:37,160 --> 00:48:39,640
Speaker 4: want to separate themselves by the way they look, and

1079
00:48:39,680 --> 00:48:42,280
Speaker 4: so now you have Yes, now you have a space

1080
00:48:42,320 --> 00:48:46,120
Speaker 4: where you see Polo entering the metaverse, right, you see

1081
00:48:46,160 --> 00:48:48,840
Speaker 4: Gucci entering the metaverse? Why because I want to have

1082
00:48:48,880 --> 00:48:51,480
Speaker 4: something that's unique. I want to look different from that person,

1083
00:48:51,480 --> 00:48:53,040
Speaker 4: and we all don't want to look the same. And

1084
00:48:53,080 --> 00:48:54,680
Speaker 4: so now you see it, like, all right, well we'll

1085
00:48:54,760 --> 00:48:59,000
Speaker 4: charge two ninety nine cents, right. Those add ons that

1086
00:48:59,040 --> 00:49:01,040
Speaker 4: go inside games that you're a parent, you already know

1087
00:49:01,080 --> 00:49:03,919
Speaker 4: about You're already doing it, and so like two ninety

1088
00:49:03,960 --> 00:49:05,719
Speaker 4: nine adds up when you have a million people doing this.

1089
00:49:06,160 --> 00:49:08,880
Speaker 4: Travis Scott decided to do a concert, right, Like he

1090
00:49:08,920 --> 00:49:10,839
Speaker 4: could have twenty thousand people in arena or he could

1091
00:49:10,840 --> 00:49:14,319
Speaker 4: have six million people watching more Fortnite. Yeah, you see

1092
00:49:14,320 --> 00:49:19,000
Speaker 4: the different. So there's so many different advantages that you

1093
00:49:19,080 --> 00:49:22,440
Speaker 4: have from being in the virtual space, and we've already

1094
00:49:22,440 --> 00:49:24,759
Speaker 4: prepared for it. Like I said, like our kids paid roebucks.

1095
00:49:25,160 --> 00:49:26,799
Speaker 4: This is nothing new to them. It feels like it's

1096
00:49:26,800 --> 00:49:28,600
Speaker 4: new to us. But when I thought about it, I'm like, wait,

1097
00:49:28,800 --> 00:49:30,680
Speaker 4: this feels like grand Theft alto when I was growing up.

1098
00:49:30,760 --> 00:49:33,400
Speaker 4: And so like the kids, they already are very trained

1099
00:49:33,400 --> 00:49:35,560
Speaker 4: for very used to it. And it's not just for

1100
00:49:35,680 --> 00:49:38,640
Speaker 4: young people. The wealthiest people in the world are probably

1101
00:49:38,680 --> 00:49:42,240
Speaker 4: already invested in the land inside of these spaces because

1102
00:49:42,239 --> 00:49:43,799
Speaker 4: they know that this is the next thing that's coming.

1103
00:49:44,200 --> 00:49:46,319
Speaker 3: Yeah for sure, all right, we have gotten to let

1104
00:49:46,360 --> 00:49:47,839
Speaker 3: you go all day.

1105
00:49:47,920 --> 00:49:50,680
Speaker 2: I know it's just so many questions, but honestly, people

1106
00:49:50,800 --> 00:49:54,239
Speaker 2: are listening. Go to their podcast, yeah, to their YouTube.

1107
00:49:54,640 --> 00:49:56,239
Speaker 2: I've learned so much from you guys. I'm going to

1108
00:49:56,280 --> 00:49:59,560
Speaker 2: continue learning from you guys. I super duper appreciate you for.

1109
00:49:59,520 --> 00:50:03,040
Speaker 1: Real, absolutely, and nothing nothing better than smart black men.

1110
00:50:03,160 --> 00:50:05,279
Speaker 1: Ain't nothing better than that. Appreciate and y'all are clear

1111
00:50:05,440 --> 00:50:09,040
Speaker 1: y'all are clearly that. And you know, Robin actually has

1112
00:50:09,040 --> 00:50:12,040
Speaker 1: been trying to get y'all or us to collaborate with

1113
00:50:12,080 --> 00:50:12,759
Speaker 1: you guys for a.

1114
00:50:12,680 --> 00:50:14,560
Speaker 3: While and I'm like, I don't, I don't know nothing about.

1115
00:50:16,239 --> 00:50:18,520
Speaker 1: I was kind of hating on y'all, but I'm so

1116
00:50:18,560 --> 00:50:22,520
Speaker 1: happy we've had this conversation, Like our listeners are going

1117
00:50:22,560 --> 00:50:24,080
Speaker 1: to be able to pick so much from what we've

1118
00:50:24,120 --> 00:50:26,960
Speaker 1: talked about and really learn And what we've learned, what

1119
00:50:27,200 --> 00:50:28,520
Speaker 1: Robin and I've learned is we got to.

1120
00:50:28,440 --> 00:50:29,800
Speaker 3: Know the numbers of our episodes.

1121
00:50:29,840 --> 00:50:36,399
Speaker 4: Okay, but no, thank you, thank y'all, and congratulations on

1122
00:50:36,440 --> 00:50:38,799
Speaker 4: your nomination for the na A c P.

1123
00:50:39,000 --> 00:50:40,319
Speaker 3: Thank you. We appreciate it.

1124
00:50:40,640 --> 00:50:43,080
Speaker 4: Shout out to Nicole for being Nicole said we got

1125
00:50:43,080 --> 00:50:44,279
Speaker 4: to do it, you gotta get this done, and we said,

1126
00:50:44,280 --> 00:50:46,279
Speaker 4: all right, once we have an opportunity, we're getting it done.

1127
00:50:46,280 --> 00:50:47,799
Speaker 4: So shout out to Nicole and the Black Affect team.

1128
00:50:48,239 --> 00:50:50,719
Speaker 3: Yes, absolutely, yes, we appreciate y'all.

1129
00:50:50,760 --> 00:50:53,840
Speaker 2: I look forward to seeing y'all continue to grow and

1130
00:50:53,920 --> 00:50:55,440
Speaker 2: I'm going to continue to be inspired.

1131
00:50:55,560 --> 00:50:57,440
Speaker 1: So Yes, and when we see y'all in these streets,

1132
00:50:57,440 --> 00:50:58,600
Speaker 1: don't act like y'all don't know us.

1133
00:50:59,560 --> 00:51:06,960
Speaker 3: Don't do it. Yes, remember that. Thank you so much?

1134
00:51:08,000 --> 00:51:09,720
Speaker 5: Take it, thank you.

1135
00:51:10,120 --> 00:51:16,040
Speaker 3: Da Oh my gosh, Rovin. I have learned so much.

1136
00:51:16,120 --> 00:51:18,520
Speaker 1: I've actually I kind of feel like an idiot. I

1137
00:51:18,560 --> 00:51:20,400
Speaker 1: feel like I know nothing, and these guys are like

1138
00:51:20,440 --> 00:51:21,640
Speaker 1: so super smart.

1139
00:51:21,440 --> 00:51:23,799
Speaker 2: I know, I mean, And honestly, the thing that I like,

1140
00:51:23,840 --> 00:51:25,480
Speaker 2: I said, I've been following for a minute.

1141
00:51:25,800 --> 00:51:27,040
Speaker 3: I've learned so much from them.

1142
00:51:27,080 --> 00:51:30,080
Speaker 2: I've been inspired, and it's like I want to do

1143
00:51:30,239 --> 00:51:33,600
Speaker 2: everything because they do provide you with so much information.

1144
00:51:34,440 --> 00:51:37,000
Speaker 2: So I got to really just prioritize, like, you know,

1145
00:51:38,000 --> 00:51:40,680
Speaker 2: what do I want to focus on from the lessons

1146
00:51:40,719 --> 00:51:42,319
Speaker 2: that I've learned. But I also, I mean, it's just

1147
00:51:42,480 --> 00:51:44,920
Speaker 2: it's so much like guys for real. If you're not

1148
00:51:45,120 --> 00:51:49,040
Speaker 2: hip to them, go check out their podcast. I love

1149
00:51:49,120 --> 00:51:51,719
Speaker 2: learning about money and business and stuff like that.

1150
00:51:51,800 --> 00:51:54,640
Speaker 1: Yes, and they taught us have an excess strategy and

1151
00:51:54,680 --> 00:51:59,319
Speaker 1: that applies to more than just finances. Okay, and what

1152
00:51:59,400 --> 00:52:01,280
Speaker 1: is your purpose when it comes to like starting a business,

1153
00:52:01,520 --> 00:52:02,800
Speaker 1: figure out what is your purpose.

1154
00:52:02,880 --> 00:52:04,120
Speaker 3: I love that it's like.

1155
00:52:04,520 --> 00:52:07,880
Speaker 2: Golden absolutely absolutely, and get your kids started. Honestly, I

1156
00:52:07,880 --> 00:52:10,880
Speaker 2: feel like the vending machine idea for a kid is

1157
00:52:10,920 --> 00:52:14,479
Speaker 2: awesome because kids love snacks, right, so for a kid,

1158
00:52:14,520 --> 00:52:16,480
Speaker 2: that would be so cool for them to actually have

1159
00:52:16,520 --> 00:52:19,680
Speaker 2: a vending machine that they can manage. They can go

1160
00:52:19,760 --> 00:52:21,880
Speaker 2: check it out, they can refill it. Like that's something

1161
00:52:21,920 --> 00:52:24,560
Speaker 2: that you know, you can start getting your kids involved

1162
00:52:24,600 --> 00:52:27,080
Speaker 2: in and so, you know, check out their vending machine episode.

1163
00:52:27,080 --> 00:52:30,040
Speaker 2: I don't know what number that is, but just so

1164
00:52:30,120 --> 00:52:33,000
Speaker 2: many ways that you can get kids excited about business.

1165
00:52:33,120 --> 00:52:34,160
Speaker 3: Yes, so thank y'all so much.

1166
00:52:34,200 --> 00:52:37,720
Speaker 1: This this episode is actually very reasonable, but never forget

1167
00:52:37,760 --> 00:52:41,000
Speaker 1: to live your life either reasonable or yes or both.

1168
00:52:41,600 --> 00:52:47,720
Speaker 2: Bye, all right bye