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Speaker 1: All right, y'all. This week we're having a bit of

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Speaker 1: a more mature conversation. Right, Since my lovely producers love

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Speaker 1: to dig into my pockets and other podcasters like pocket watching,

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Speaker 1: I thought we would talk about the means of creating

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Speaker 1: generational wealth, but also black consumerism and how we view capitalism. Now,

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Speaker 1: if you are on the Patreon, we had a very

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Speaker 1: heated discussion around the existence of billionaires and whether you

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Speaker 1: can become a billionaire ethically or not. I believe in billionaires.

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Speaker 1: I believe in back black billionaires, and I believe in

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Speaker 1: expounding and as much wealth as humanly possible while you

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Speaker 1: live on this earth, because why the fuck not? Money

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Speaker 1: is success, goddamn it. And I do believe that money

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Speaker 1: can buy happiness. I do want to talk about as well,

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Speaker 1: being thirty four years old and currently amassing the wealth

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Speaker 1: that I have me coming into the crossroads of realistically

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Speaker 1: feeling kind of pressured to buy real estate and leaning

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Speaker 1: into home ownership as someone who, as you guys may

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Speaker 1: have heard, does not want to be married, does not

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Speaker 1: want to family plan, and so the idea of buying

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Speaker 1: a home to live in it and then having to

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Speaker 1: pay for if the faucet breaks or mote the lawn,

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Speaker 1: or the HOA fees or the taxes on the land,

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Speaker 1: all of those things become an expense to where I'm

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Speaker 1: just like, but isn't rent just the cheaper route to go?

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Speaker 1: And then I want to talk about too, in this episode,

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Speaker 1: if we're talking about building generational wealth, what that really

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Speaker 1: looks like and if reparations would have helped us at all.

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Speaker 1: We're going to dig into some financial literacy, but also

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Speaker 1: I want to go ahead and state that I do

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Speaker 1: not believe that any of our community should see reparations.

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Speaker 1: That's right. We'll also talk about how Trump thinks that

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Speaker 1: white people are owed reparations for whatever reason. Anyways, Guys,

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Speaker 1: I am joined today by Ish from the Joe Button podcast,

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Speaker 1: who has been shaking his head and like, bitch, we

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Speaker 1: talked too much about this shit for you to still

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Speaker 1: be here with these thoughts. But I'm excited to have

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Speaker 1: this conversation because we do talk a lot about investment.

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Speaker 1: We do talk about money and where it should be

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Speaker 1: getting placed. And I think the more money I am

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Speaker 1: asked probably the further away I'm I'm looking at home ownership,

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Speaker 1: and we can kind of start there. Because you are

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Speaker 1: in real estate. But I also want to lean into

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Speaker 1: the fact that at this moment of me amassing this well,

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Speaker 1: I do feel as though this is the absolute worst

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Speaker 1: time to be a home like a home buyer, to

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Speaker 1: buy a home with the interest rates with where we're at.

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Speaker 1: I could also just keep saying I'm waiting for the

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Speaker 1: bubble to burst like eight But will it ever come?

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Speaker 1: I don't know, Or will I have the money by

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Speaker 1: the time that bubble burst? I don't know. So welcome

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Speaker 1: ish Based on that opening statement in our many conversations,

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Speaker 1: do you call bullshit on anything I said? Or disagree

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Speaker 1: eighty and you you disagree with eighty percent?

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Speaker 2: I disagree with your stance is always on home ownership,

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Speaker 2: especially from a financial standpoint. I think that we've been

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Speaker 2: lied to so much. I think we got to put

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Speaker 2: Google down. I think we need to do our own

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Speaker 2: research and a bunch of this shit.

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Speaker 3: Where do you want to start? We could, we could, we.

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Speaker 1: Could, Oh you want you? We just want to?

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Speaker 3: I think, Okay, so.

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Speaker 1: We'll start ownership and then we'll get into all.

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Speaker 2: The other stair home Ownership is more expensive than renting.

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Speaker 3: Yes, you live in Manhattan, live in New York.

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Speaker 1: Oh no, not anymore. I live in Atlanta, Georgia.

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Speaker 2: Oh cool, stay in Atlanta. Okay, a one bedroom apartment

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Speaker 2: in downtown Atlanta as well.

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Speaker 1: I mean a good twenty more than No. If you

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Speaker 1: want to high rise, it might be, but a one

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Speaker 1: bedroom is not. I was looking at two bedrooms, and

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Speaker 1: I was easily finding anything between twenty.

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Speaker 3: Eight to four thousand, thirty five hundred.

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Speaker 2: We're going we can go ahead thirty five thirty ft.

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Speaker 3: That rent increases that roughly five percent a year.

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Speaker 2: Okay, Right, you can go buy a home for twenty

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Speaker 2: eight hundred dollars a month. You're gonna get all the

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Speaker 2: tax benefits from the home on the right offs. Especially

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Speaker 2: when people start making money. You need as many white

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Speaker 2: offfs as you possibly can get. Well, rental, you don't

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Speaker 2: get right offs. What home ownership?

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Speaker 1: I mean you if you so as as a renter,

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Speaker 1: and I will say, and also someone who is really

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Speaker 1: knowledgeable regarding the tax code. If I am renting and

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Speaker 1: I am an entrepreneur or business owner, as long as

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Speaker 1: there is a door on the room, I can absolutely

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Speaker 1: write off portion of abortion of my ranch as an

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Speaker 1: office space. So yes, I can get a deduction for

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Speaker 1: when I'm paying.

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Speaker 3: You're gonna try to play a game? Cool?

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Speaker 1: No, say hey, I think we should.

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Speaker 2: Okay, jay Z and Beyonce just bot ae hundred million

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Speaker 2: dollar house in California. Okay, they can now go borrow

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Speaker 2: ninety million dollars back off of that house purchase. They

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Speaker 2: are now not getting taxed one hundred million dollars worth

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Speaker 2: of income that they made.

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Speaker 3: Do you know what the taxes.

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Speaker 2: Would have been on one hundred million dollars borrow income?

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Speaker 3: Borrow money is not taxable.

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Speaker 2: So now I just got ninety million dollars of my

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Speaker 2: money back that I'm not going to pay taxes on

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Speaker 2: at all. The closing cost of this, this to this

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Speaker 2: is all going to be a tax deduction. They could

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Speaker 2: use that shit Damnar as a vacation home.

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Speaker 1: I mean, I get that. I think that's my thing.

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Speaker 1: And doing the extremes of even bringing in a Beyonce

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Speaker 1: and jay z and one hundred million dollar home, I.

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Speaker 3: Went as high as I possibly.

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Speaker 1: I get that about the reality and maybe majority of

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Speaker 1: either single men and single women or people within their

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Speaker 1: thirties realistically. We also had a conversation about the median

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Speaker 1: income and average income of an American being fifty thousand dollars,

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Speaker 1: I think that's the that's the reality that's setting in.

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Speaker 1: Hold on, that's the reality that's setting in for me.

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Speaker 1: And looking at homes that literally four years ago were

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Speaker 1: half of what they're going for now, and then being

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Speaker 1: in a place where interest rates are anywhere between five

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Speaker 1: and seven. So to see interest rates that I to

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Speaker 1: know that the mortgage that we're talking about to be

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Speaker 1: this low is on a thirty year mortgage. So say

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Speaker 1: I buy a five hundred thousand dollars home, after the

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Speaker 1: interest that goes onto that, I really ended up spending

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Speaker 1: maybe eight hundred and fifty thousand dollars on it, maybe

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Speaker 1: more than that. And again, being an owner of a studio,

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Speaker 1: we don't sit here and think about all of the

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Speaker 1: things that if a storm comes and a roof needs

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Speaker 1: to be done, that's on me. If something breaks, that's

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Speaker 1: on me. Let's be very clear. I grew up in

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Speaker 1: a family as well, in a family where if the

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Speaker 1: alternative blue, we were always one emergency away from not

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Speaker 1: having everything else and being completely behind, which is the

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Speaker 1: reality of where we're at in this economy right now.

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Speaker 1: And so even though yes, my money is well off

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Speaker 1: and in a place where I feel financially secure. Home

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Speaker 1: ownership to me looks not as promising as maybe it

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Speaker 1: did back in the day. For people. Yes, yes, you're talk.

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Speaker 3: Are we going to talk about normal people?

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Speaker 2: Then you can't bring in I could shut the door

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Speaker 2: on right off my studio if you're gonna talk about

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Speaker 2: normal people, because normal people don't have a small business

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Speaker 2: where they can use that tax advantage. If we're gonna

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Speaker 2: keep it apples and apples, keeping apples and apples. You

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Speaker 2: just said four years ago, you could have bought a

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Speaker 2: house four years ago in twenty twenty for three hundred

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Speaker 2: grand that is now selling for six hundred grand.

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Speaker 3: Where's the benefit in that?

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Speaker 2: From the rental perspective, there's not one, because rents are going.

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Speaker 3: Up every single year.

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Speaker 2: That man that bought that house for three hundred grand,

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Speaker 2: his mortgage is staying the same.

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Speaker 3: He's not getting rental increases every year.

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Speaker 2: And to your other point, when the roof blow off,

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Speaker 2: nigga got insurance for that, They're gonna come put a

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Speaker 2: brand new roof on my shit, which is gonna push

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Speaker 2: my value up even more. And again, the tax benefits

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Speaker 2: that came along for the last four years of that rental,

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Speaker 2: I mean of that home you didn't get as a renter.

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Speaker 2: So in ten years, that thirty five hundred dollars apartment

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Speaker 2: is now fifty five hundred, and the.

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Speaker 3: Way we're going it might be six or seven grand.

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Speaker 1: So would you so then your advice right now would

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Speaker 1: be then, in this current me, in this market, would

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Speaker 1: you give the advice for someone to purchase absolutely.

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Speaker 3: As opposed to renting. Absolutely.

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Speaker 2: What's gonna happen is in my opinion, because it's all

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Speaker 2: of my opinion. Even when the interest rates go low,

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Speaker 2: house price is gonna rise. It's an inverse relationship. So

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Speaker 2: let's say Mandy's looking for a house. Mandy can spend

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Speaker 2: five grand a month. That's what she can spend per month.

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Speaker 2: So now under existing six percent interest you can only

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Speaker 2: afford a four hundred and fifty thousand dollar I'm making

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Speaker 2: these numbers up. You go four four to fifty cool

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Speaker 2: when the interest rates dropped to two percent, No, you're

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Speaker 2: gonna now be looking for a seven hundred thousand dollars

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Speaker 2: house because your bottom line is the same of what

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Speaker 2: you can spend per month. That doesn't change. Now you

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Speaker 2: could just get a bigger house or a better house

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Speaker 2: because the interest rates fail, it's still the same buying power,

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Speaker 2: you just getting a bigger house at your top dollar point.

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Speaker 1: I also just think the reality is the responsibility for us,

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Speaker 1: and that's the point.

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Speaker 4: But what I have a question too, is because she's saying,

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Speaker 4: because her phrase was, it's cheaper to rent versus homeowner homeownership,

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Speaker 4: and you're talking about the expensive but also a lot

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Speaker 4: of people talk about the down payment.

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Speaker 3: Because it don't make anything can happen.

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Speaker 4: But to get to the point where you're saying, what

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Speaker 4: the advantages, you also have to have the front Is

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Speaker 4: that the thing that makes it cheaper.

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Speaker 1: It's the upfront money, it's the closing costs, it's the renovations.

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Speaker 1: And then it is having the credit, which a lot

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Speaker 1: of people do not because unfortunately we are not taught

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Speaker 1: credit back. You know, back to my thoughts on financial literacy,

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Speaker 1: you have to have good enough credit in sustainable w two,

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Speaker 1: like you have to have proof of income for the

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Speaker 1: last two years. There are a lot of people over

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Speaker 1: the last couple of years who have been laid off

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Speaker 1: that don't have constant income coming in. I think that

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Speaker 1: that's the problem with me talking to a lot of

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Speaker 1: my friends.

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Speaker 2: I'm keeping apples to apples. Yes, so let's keep it

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Speaker 2: apples to apples. If you're talking about apples to apples.

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Speaker 2: And we brought up Manhattan, we brought up Atlanta, Yo.

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Speaker 2: To move into a house apartment in Manhattan, you gotta

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Speaker 2: come out of pocket with fits a short You can

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Speaker 2: go get a house with three percent down.

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Speaker 3: Faha.

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Speaker 2: There are other programs where you don't have to pull

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Speaker 2: a dime out of your pocket now, because if you

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Speaker 2: have bad credentials, whether you are lacking capital, whether you

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Speaker 2: are lacking credit, there are things that we have to

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Speaker 2: do to now circumvent those things that are available with

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Speaker 2: the click of some buttons. Fam us in our community,

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Speaker 2: and I'm gonna speak for our community because I'm not

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Speaker 2: overwhelmingly knowledgeable on other communities. We got to stop making

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Speaker 2: excuses for our shortcomings and do the shit that we

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Speaker 2: do for stuff that we want. Everybody got rolexes, niggas,

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Speaker 2: got Benz's niggas. Go find Balenciaga money. If you can

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Speaker 2: find Balenciaga money, you can find down payment money.

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Speaker 1: I don't like you calling out my jewelry, my Fannie pack.

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Speaker 3: I wasn't even talking to you. Okay, I don't even know.

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Speaker 2: So what I'm saying is those are things that we

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Speaker 2: prioritize in our communities and we see it every fucking day.

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Speaker 1: Is it due to the lack of financial literacy.

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Speaker 2: Yes, But I don't think financial literacy is just something

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Speaker 2: that's being taught nowhere in the world.

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Speaker 1: I think that financial liwhere.

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Speaker 2: I think financial literacy is being taught by people that

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Speaker 2: are financial literary literate.

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Speaker 3: Pardon me.

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Speaker 2: I don't think that it's just this over abundance of

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Speaker 2: financially literate people in the United States with regardless to color.

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Speaker 2: Most Americans are broke. And that's regardless of color. We

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Speaker 2: could pull up the stats. It's just like white people

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Speaker 2: are just getting taught financial literacy in their schools. Know

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Speaker 2: the fuck they not because they broke. So my thing

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Speaker 2: is it's up to us. Niggas spend two and three

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Speaker 2: and four hours a day on a gram right on

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Speaker 2: my Instagram algorithms, I said seven to eight hours.

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Speaker 3: But on my Instagram algorithms, I follow all of the

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Speaker 3: real estate niggas.

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Speaker 2: I follow the bad bitches too, but I follow the

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Speaker 2: real estate niggas, so they keep feeding shit to my

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Speaker 2: algorithms of young black kids, especially in the land that

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Speaker 2: these kids are killing them telling you, yo, with this program,

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Speaker 2: you don't have to put no money down. It's a

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Speaker 2: new program. A girl tells you, yo, you could go

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Speaker 2: take this specific loan. They'll give you the loan. Once

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Speaker 2: you get the loan in nine days, that's your down

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Speaker 2: payment now for your home. So if you really wanted

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Speaker 2: to earn a learn a parton me, if you really

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Speaker 2: wanted to acquire real estate, you'll do the math that

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Speaker 2: it takes in which to acquire real estate, the same

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Speaker 2: way we do when we don't have no credit and

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Speaker 2: we pop up with the A S class niggas find

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Speaker 2: out what it takes to get these things done.

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Speaker 3: It's the law of attraction. Family. Whatever you're thinking about

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Speaker 3: a lot, it's going to come to you.

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Speaker 1: Yeah.

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Speaker 2: And so I think that we make excuses for why

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Speaker 2: we don't want to do these things while were not

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Speaker 2: doing these things. It's not cheaper the rent, I'm telling

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Speaker 2: you right now, it's not cheaper the rent. Maybe in

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Speaker 2: the short term, but over a ten year spend. Look

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Speaker 2: at the money that the renters are spending, and look

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Speaker 2: at the money that the homeowners are spending. The homeowners

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Speaker 2: are happy as fuck that they bought these houses ten

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Speaker 2: years ago.

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Speaker 1: I get the ten years ago. I'm still talking about

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Speaker 1: buying in today's market as well though, any.

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Speaker 3: Market, in any market. Yo.

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Speaker 2: The interest rates are a thing that they use to

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Speaker 2: trick you to stay away from buying houses.

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Speaker 3: People's buying housing and interest rates with eighteen people.

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Speaker 4: Go ahead, go on that, go down on that.

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Speaker 3: Okay. What you can afford is what you can afford.

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Speaker 2: Yes, If I know I can only afford three grand

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Speaker 2: a month or grand a month with the current interest rates,

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Speaker 2: I'm gonna do the numbers and say this is my

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Speaker 2: highest buying point. If it's three hundred thousand, I'm looking

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Speaker 2: for houses in that buying point.

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Speaker 1: Okay.

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Speaker 3: The interest rates are it don't matter because once you

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Speaker 3: run your numbers, you run your.

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Speaker 4: Numbers, just like if he was buying a car, Just

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Speaker 4: like if he.

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Speaker 2: Was buying a car, or a pocketbook or any other

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Speaker 2: big ticket item.

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Speaker 3: Yo.

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Speaker 2: If I can't buy a twenty thousand dollars burkin, I'm

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Speaker 2: gonna go ahead and buy the six thousand dollars, Shanail.

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Speaker 3: It's no difference. You get what I'm saying.

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Speaker 2: So when when we use these things in these tricky

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Speaker 2: terms to kind of dissuade us from doing some shit.

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Speaker 2: And then the benefit is if the interest rates ever

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Speaker 2: do drop, I got my same house that's worth more

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Speaker 2: money than when I bought it. Now I'm a refinance

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Speaker 2: and get the two percent interest rate, so now my

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Speaker 2: mortgage drops even lower. So now it's win win win

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Speaker 2: across the board. Okay, you can't leave an apartment to

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Speaker 2: your kids. We want to talk about black wealth, and

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Speaker 2: it's a good transition, right, we want to talk about

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Speaker 2: black well even that, and I love that you even

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Speaker 2: say that with the leaving the house to children again

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Speaker 2: without financial literacy, which we are saying is not being taught.

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Speaker 1: You leaving a home to a financially illiterate child literally

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Speaker 1: creates a liability for them, not the asset.

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Speaker 3: That's not true.

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Speaker 1: Do you know how many people like that I know

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Speaker 1: had homes within their family and when it came down

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Speaker 1: to them having to either keep it or they got

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Speaker 1: rid of it for whatever, didn't know how to, just

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Speaker 1: needed to get rid of it to have any level

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Speaker 1: of money because it became well because then if they kept.

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Speaker 2: Up with it, what if you put protections on by

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Speaker 2: way of trust.

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Speaker 3: It don't even matter by way of a trust. You

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Speaker 3: sold it. You ain't know what to do.

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Speaker 2: You sold it it was worth a half a mil

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Speaker 2: a Nigga sweet talked to you, and you got it

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Speaker 2: for three hundred grand. You sold it for three hundred.

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Speaker 2: You got beat for two hundred. Tell me what you

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Speaker 2: make three hundred thousand dollars off of rental?

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Speaker 3: It's not an asset. Have you died written some shit?

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Speaker 3: Would you make any money off the rental? No?

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Speaker 1: But then I guess that comes back to me. I

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Speaker 1: ain't got nobody to leave shit too.

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Speaker 2: My point is this, you can leave our shit to

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Speaker 2: your god kids, You could leave it to your school,

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Speaker 2: You can leave it to whomever the fuck you want

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Speaker 2: to leave it to. We start talking about the disparities

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Speaker 2: between black wealth and white wealth, Right, two of the

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Speaker 2: main things that from my summation, that create this.

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Speaker 3: Big ass divide one is homeowner shit.

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Speaker 2: Okay, and we know redlining and all the bullshit that

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Speaker 2: they did back in the day.

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Speaker 3: Made that gap wider, right, But also life insurance.

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Speaker 2: So when you start talking about these two things, it

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Speaker 2: could be we watch fucking all these shows on TV.

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Speaker 3: They'd be like, oh, Yeah, here comes Karen. What do

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Speaker 3: you do?

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Speaker 2: Oh, I'm a home ch teacher at a high school.

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Speaker 2: And here comes Jim. Jim, what do you do? All

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Speaker 2: a part time staff accountant?

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Speaker 1: Oh?

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Speaker 2: What's your budget? One point seven? You like, what the fuck?

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Speaker 2: Where did you get this amount of money from? My

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00:16:04,840 --> 00:16:08,800
Speaker 2: father died in twenty nineteen? Right, my father left me

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Speaker 2: a house in twenty nineteen.

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Speaker 3: The house was damn near paid off.

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Speaker 2: It was like fifteen grand left or some shit like that. Right, boom,

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Speaker 2: it's a true story. I took the fifteen grand. I

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Speaker 2: paid the house off. So the house is only clear

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Speaker 2: at that point it was worth two forty This was

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Speaker 2: twenty nineteen. The same exact property is now worth three

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Speaker 2: hundred and eighty thousand dollars. I didn't touch it. I

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Speaker 2: didn't do shit to it. It's worth three to eighty.

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Speaker 2: That's one hundred and forty thousand dollars net worth jump

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Speaker 2: for me. Right, I didn't do it. I ain't have

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Speaker 2: to know what I was doing. You understand what I'm saying.

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Speaker 2: So these be some of the shit that we used

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Speaker 2: to dissuade ourselves from moving forward, Like we put the

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Speaker 2: negative out there as a roadblock. And I think that

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Speaker 2: that we do ourselves a disservice in that. So my

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Speaker 2: father left me some insurance money. My father, So even

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Speaker 2: if I didn't have the money to pay it off,

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Speaker 2: the money that he left me in a life insurance policy,

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Speaker 2: I could have paid off the house for.

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Speaker 3: Me and my mom and we would have been fine.

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Speaker 1: So do you then, I do want to lean into

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Speaker 1: what generational wealth with that? Right? Would you say that

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Speaker 1: our community is hindered by seeing that because we're not

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Speaker 1: homeowners or getting life insurance, those two things could create

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Speaker 1: both generate You think those two things by themselves simultaneously

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Speaker 1: they are.

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Speaker 2: Very big, very very big catalysts in that conversation.

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Speaker 3: They are very huge. Listen, if a mother and father.

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Speaker 2: So let's just we're gonna put redlining in it so

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Speaker 2: I can make it real big. In New Jersey, there

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Speaker 2: are communities where they are predominantly white communities. Right, New

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Speaker 2: Jersey is one of the most expensive states in the country.

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Speaker 2: So let's say back back and everybody's familiar with because

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Speaker 2: it's regional. Well, I'm gonna just throw a city out

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Speaker 2: so any of y'all could google Edgewater in New Jersey. Okay, Okay,

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Speaker 2: twenty years ago in Edgewater, New Jersey, you could have

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Speaker 2: bought a house for little is nothing. Today those houses

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Speaker 2: are three and four and five million dollars. So let's

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Speaker 2: just say a family bought one of those houses in

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Speaker 2: the early eighties. They passed away, they got two kids.

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Speaker 2: They now, the kids don't know what the fuck they're doing.

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Speaker 2: Like I said, we're gonna use some example. They getting robbed,

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Speaker 2: They sell the house for two million dollars. Sally got

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Speaker 2: a million dollar wealth jump, Johnny million dollar wealth jump.

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Speaker 3: They don't know what they're doing.

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Speaker 2: They networth just went up by a million dollars apiece,

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Speaker 2: that's off the house sale.

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Speaker 3: Right.

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Speaker 2: Let's say the mother had five hundred thousand dollars insurance policy,

398
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Speaker 2: the father had a five hundred thousand dollars insurance policy.

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Speaker 2: They also just got an additional five hundred thousand dollars.

400
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Speaker 2: She teaches Jim, he don't do he don't have he

401
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Speaker 2: mta guy. I'm I don't want shit on him.

402
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Speaker 3: He has.

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Speaker 1: They made a decent job.

404
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Speaker 3: He has a decent job.

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Speaker 2: I'm saying it's not an overwhelmingly you know, a high

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Speaker 2: paying job.

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Speaker 3: It's a good job.

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Speaker 2: What I'm telling you though, is their lives have now

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Speaker 2: been transformed by one point five million dollars each and

410
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Speaker 2: they don't know what the fuck they're doing.

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Speaker 3: And just imagine even thee even if they get beat.

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Speaker 3: So imagine if they know what they're doing.

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Speaker 2: Now, if I say, yo, nope, I'm not selling that house,

414
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Speaker 2: I'm gonna pull a line of credit on that house,

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Speaker 2: and I'm gonna go buy three more houses with that

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Speaker 2: two million dollars.

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Speaker 3: I'm gonna go buy four more houses. That's the best

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Speaker 3: case scenario.

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Speaker 2: We talk about worst case scenario, each one of them

420
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Speaker 2: still just got a one point five million dollar wealth

421
00:19:19,160 --> 00:19:20,680
Speaker 2: jump in their network.

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00:19:20,720 --> 00:19:23,080
Speaker 1: Well, but I think that goes back to what we

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Speaker 1: were saying as well, the education to know what to

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Speaker 1: do with it, which is why are we gonna use

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00:19:29,080 --> 00:19:31,879
Speaker 1: that as a But it's so, then let me ask you,

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Speaker 1: because I know we agree, why do you not think

427
00:19:35,680 --> 00:19:40,120
Speaker 1: our community deserves reparations? Because to to what you're even saying, though,

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Speaker 1: receiving those amounts of wealth one point whatever, whatever the

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00:19:44,680 --> 00:19:48,120
Speaker 1: money you're giving, right, let's let's lean into reparations. Then

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Speaker 1: you get that money, you don't know what to do

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Speaker 1: with it? What type of generational wealth happens if it

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Speaker 1: stops there because you're not educated on what to do

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Speaker 1: with it. So my question to you is, why then

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Speaker 1: are you against our community seeing reparation.

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00:20:03,320 --> 00:20:06,440
Speaker 3: It's layered, Okay, so tell me to layers. I think

436
00:20:06,480 --> 00:20:11,000
Speaker 3: that one.

437
00:20:11,160 --> 00:20:13,399
Speaker 2: One for them to give every black person in the

438
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Speaker 2: United States reparations, it'll cripple the financial system in America.

439
00:20:17,960 --> 00:20:18,600
Speaker 3: That's okay.

440
00:20:19,480 --> 00:20:23,000
Speaker 2: We're talking from a technical standpoint, not an emotional standpoint.

441
00:20:23,200 --> 00:20:25,960
Speaker 1: Can I ask you a question on that during the pandemic,

442
00:20:27,000 --> 00:20:30,520
Speaker 1: damn near the entire country got whatever that twelve hundred

443
00:20:30,520 --> 00:20:32,840
Speaker 1: dollars check, the one that people still excited about. Right,

444
00:20:33,720 --> 00:20:37,040
Speaker 1: Black people only make up thirteen percent of the country.

445
00:20:37,600 --> 00:20:41,280
Speaker 1: If we were able to during the pandemic get all

446
00:20:41,320 --> 00:20:44,080
Speaker 1: of these people, mind you, multiple people in households as well.

447
00:20:44,119 --> 00:20:45,680
Speaker 1: As long as you were over a certain age and

448
00:20:45,760 --> 00:20:48,320
Speaker 1: had a job, you my sister got it, and my

449
00:20:48,359 --> 00:20:49,920
Speaker 1: mom got it, am I and they were all under

450
00:20:49,920 --> 00:20:53,200
Speaker 1: the same If you were a working citizen, you got

451
00:20:53,200 --> 00:20:56,840
Speaker 1: that twelve hundred dollars stimulus check, and then unemployment somehow

452
00:20:56,960 --> 00:21:00,000
Speaker 1: was also able to tax on an additional six hundred

453
00:21:00,240 --> 00:21:05,720
Speaker 1: dollars a week to those people who were unemployed during

454
00:21:05,760 --> 00:21:09,760
Speaker 1: the pandemic. How do you reckon that thirteen percent of

455
00:21:09,800 --> 00:21:14,280
Speaker 1: the country receiving reparations would cripple a country that was

456
00:21:14,359 --> 00:21:18,280
Speaker 1: able to give out air quotes if you're watching this

457
00:21:18,440 --> 00:21:21,760
Speaker 1: much money and not cripple essentially, And it didn't cripple us,

458
00:21:21,760 --> 00:21:24,119
Speaker 1: because let's be very clear, we're still sending money to Ukraine.

459
00:21:24,240 --> 00:21:26,679
Speaker 1: We send them money to them niggas over there and

460
00:21:26,680 --> 00:21:29,840
Speaker 1: these niggas over everybody else getting money except for here.

461
00:21:30,000 --> 00:21:31,480
Speaker 1: So I would like to know.

462
00:21:31,480 --> 00:21:33,080
Speaker 3: That answer one, They ain't give a shit.

463
00:21:34,160 --> 00:21:36,399
Speaker 2: That's number one. Number two, and we're paying for it

464
00:21:36,480 --> 00:21:39,240
Speaker 2: right now. As you can say, the economy right now

465
00:21:39,280 --> 00:21:41,440
Speaker 2: is in a shitter. We are paying that money back.

466
00:21:41,480 --> 00:21:44,040
Speaker 2: You think they gave something, but America gave somebody something.

467
00:21:44,800 --> 00:21:47,760
Speaker 2: We're paying for it right now. And dog people don't understand.

468
00:21:47,920 --> 00:21:49,800
Speaker 2: They even that was a tax. You had to pay

469
00:21:49,800 --> 00:21:52,520
Speaker 2: that on your taxes. That was income that you had

470
00:21:52,520 --> 00:21:55,320
Speaker 2: to claim on your taxes. That twelve hundred dollars was income.

471
00:21:55,560 --> 00:21:56,679
Speaker 2: That wasn't a free gift.

472
00:21:57,119 --> 00:21:58,879
Speaker 1: No, I know, it wasn't a free so you didn't

473
00:21:58,880 --> 00:22:00,240
Speaker 1: get no money from the gun.

474
00:22:01,280 --> 00:22:03,159
Speaker 2: If you had to claim that money is income and

475
00:22:03,160 --> 00:22:05,560
Speaker 2: pay taxes on it. It was, it was they loaned

476
00:22:05,600 --> 00:22:08,800
Speaker 2: you some money, and you now gotta paying.

477
00:22:09,119 --> 00:22:12,040
Speaker 1: Just become income. Just because income is tax doesn't make

478
00:22:12,040 --> 00:22:15,440
Speaker 1: it a loan. We work jobs and pay taxes on it.

479
00:22:15,440 --> 00:22:16,880
Speaker 1: It doesn't make our What.

480
00:22:16,800 --> 00:22:20,240
Speaker 2: I'm saying is they fronted you twelve hundred dollars, right,

481
00:22:20,560 --> 00:22:23,880
Speaker 2: that money is now being made up in the economy. Right,

482
00:22:24,000 --> 00:22:25,879
Speaker 2: those things they gave you money. What they do is

483
00:22:25,920 --> 00:22:29,159
Speaker 2: give you money to so you can spend more money.

484
00:22:29,320 --> 00:22:31,040
Speaker 2: Because the more money you spend.

485
00:22:31,160 --> 00:22:33,240
Speaker 1: It makes its circular's circular.

486
00:22:33,520 --> 00:22:35,399
Speaker 2: Right, So now you're getting free money. You're gonna go

487
00:22:35,400 --> 00:22:39,199
Speaker 2: buy crab legs. And now all here we wake it up,

488
00:22:39,240 --> 00:22:39,679
Speaker 2: Wake it up.

489
00:22:40,720 --> 00:22:41,320
Speaker 3: We're gonna go by.

490
00:22:41,440 --> 00:22:43,480
Speaker 2: No, look, we're gonna go buy crab legs. Right, so

491
00:22:43,560 --> 00:22:46,840
Speaker 2: now all the crab legs going bro. This is a

492
00:22:46,920 --> 00:22:49,400
Speaker 2: cycle and the most simplistic of turn you've seen it.

493
00:22:49,440 --> 00:22:51,879
Speaker 2: So now we gotta pay these niggas extra money to

494
00:22:51,960 --> 00:22:54,200
Speaker 2: go be on the boats to get more crabs that

495
00:22:54,200 --> 00:22:57,119
Speaker 2: the crab is selling out. We got And now we

496
00:22:57,240 --> 00:22:59,719
Speaker 2: be bitching about inflation and ship like that. All of

497
00:22:59,760 --> 00:23:01,840
Speaker 2: those things lend to inflation.

498
00:23:02,040 --> 00:23:05,160
Speaker 4: So you're and you're saying reparations would overstimulate the economy

499
00:23:05,200 --> 00:23:05,960
Speaker 4: to the point that.

500
00:23:06,800 --> 00:23:08,920
Speaker 3: Could potentially overstimulate the economy.

501
00:23:08,960 --> 00:23:13,480
Speaker 2: To be honest with you, I just I just think

502
00:23:13,520 --> 00:23:16,960
Speaker 2: that based on where we are as a demo and

503
00:23:17,000 --> 00:23:19,960
Speaker 2: as a people, we wouldn't do positive ship with the

504
00:23:20,000 --> 00:23:23,480
Speaker 2: money anyway. Most of us, my nigga, we are riding

505
00:23:23,520 --> 00:23:27,400
Speaker 2: around blaming whites and blaming the educational system for us

506
00:23:27,440 --> 00:23:30,080
Speaker 2: having a lack of financial literacy.

507
00:23:30,359 --> 00:23:34,520
Speaker 3: Dog, you've touched seven figures for a long time now.

508
00:23:35,000 --> 00:23:37,280
Speaker 2: If you don't know how to buy a house, now,

509
00:23:37,280 --> 00:23:39,720
Speaker 2: if you don't know how to invest your money.

510
00:23:39,480 --> 00:23:41,159
Speaker 1: Now, whoa like?

511
00:23:42,359 --> 00:23:43,160
Speaker 3: I'm sorry?

512
00:23:44,400 --> 00:23:46,680
Speaker 2: Look if you don't know how to do those things

513
00:23:46,720 --> 00:23:49,680
Speaker 2: because you did not apply yourself.

514
00:23:49,320 --> 00:23:51,520
Speaker 3: To learn those things. You know what I'm saying. We

515
00:23:51,560 --> 00:23:55,520
Speaker 3: are not prioritizing shit. We prioritizing material shit.

516
00:23:55,680 --> 00:24:00,160
Speaker 2: We're prioritizing cars, were prioritizing chains, were prioritizing watches, We're

517
00:24:00,160 --> 00:24:04,120
Speaker 2: prioritizing bags, We're prioritizing shoes and all of this bullshit

518
00:24:04,200 --> 00:24:06,639
Speaker 2: material stuff that does not build wealth.

519
00:24:07,480 --> 00:24:09,879
Speaker 3: We are addicted with shit that don't build wealth.

520
00:24:10,160 --> 00:24:14,640
Speaker 1: I guess I have and maybe I want to add

521
00:24:14,640 --> 00:24:16,840
Speaker 1: because I do feel like I speak for some of

522
00:24:16,880 --> 00:24:21,400
Speaker 1: the people, especially ones who don't care what the fuck happens,

523
00:24:21,600 --> 00:24:24,480
Speaker 1: like Nigga I fly planes. If I could do a PJ,

524
00:24:24,840 --> 00:24:28,320
Speaker 1: I would I think that the idea that we have

525
00:24:28,440 --> 00:24:32,320
Speaker 1: to live this life to what's here after we're gone.

526
00:24:32,920 --> 00:24:35,400
Speaker 1: I guess maybe I don't live that way. I am

527
00:24:35,440 --> 00:24:38,600
Speaker 1: going to spend my money now and enjoy it now,

528
00:24:38,680 --> 00:24:41,879
Speaker 1: because again, I don't plan to have children. I don't like.

529
00:24:41,960 --> 00:24:43,840
Speaker 1: I don't plan to see when all of the icebergs

530
00:24:43,880 --> 00:24:46,840
Speaker 1: melt and everything gets flooded, and now the day after

531
00:24:46,880 --> 00:24:49,439
Speaker 1: tomorrow's happened, because I don't want to outlive that. I

532
00:24:49,440 --> 00:24:52,800
Speaker 1: don't want to run out run the zombies. I am fine.

533
00:24:52,840 --> 00:24:55,440
Speaker 1: That's why I got my vaccine shot. If it turns

534
00:24:55,480 --> 00:24:58,240
Speaker 1: me into a zombie, fine, I don't like. I think

535
00:24:58,280 --> 00:25:02,320
Speaker 1: the idea too, that we live in this this place

536
00:25:02,359 --> 00:25:05,240
Speaker 1: where we have to also be in scarcity for what

537
00:25:05,280 --> 00:25:07,960
Speaker 1: we leave behind is just not the way that I exist.

538
00:25:08,119 --> 00:25:10,440
Speaker 3: It's not even what you leave behind. But your point

539
00:25:10,600 --> 00:25:17,200
Speaker 3: is granted. Cool. You can say, dog, I'm getting fat.

540
00:25:16,440 --> 00:25:19,560
Speaker 1: But I love sweets, okay.

541
00:25:19,480 --> 00:25:20,640
Speaker 3: And I'm okay with that.

542
00:25:20,960 --> 00:25:24,359
Speaker 2: I'm accepting what comes along with eating a dozen donuts

543
00:25:24,400 --> 00:25:27,520
Speaker 2: every day. You now can't bitch though, and say, yo,

544
00:25:27,720 --> 00:25:30,080
Speaker 2: they not giving us literacy on what it takes to

545
00:25:30,160 --> 00:25:31,639
Speaker 2: maintain physical health.

546
00:25:32,520 --> 00:25:34,440
Speaker 3: The two things are contradictory.

547
00:25:34,560 --> 00:25:36,440
Speaker 1: Hey, when you get into these analogies, because I'm really

548
00:25:36,440 --> 00:25:42,160
Speaker 1: trying to, I don't think we were ready for the health.

549
00:25:42,320 --> 00:25:46,480
Speaker 4: Yeahs.

550
00:25:47,200 --> 00:25:49,639
Speaker 2: You know what I'm saying is we can't bitch about

551
00:25:49,680 --> 00:25:52,879
Speaker 2: being in a certain financial position if we are not

552
00:25:53,000 --> 00:25:55,760
Speaker 2: doing the things to put ourselves in better financial positions.

553
00:25:55,920 --> 00:25:57,760
Speaker 2: If you want to party in bullshit and be on

554
00:25:57,840 --> 00:26:01,679
Speaker 2: a PJ and go rock out, catch a cab across

555
00:26:01,680 --> 00:26:04,560
Speaker 2: the street, do your thing, but you now can't bitch

556
00:26:04,560 --> 00:26:08,960
Speaker 2: about not having no money. And Sam, be clear, niggas

557
00:26:09,000 --> 00:26:12,320
Speaker 2: be balling in their thirties and forties. Your fifties is coming.

558
00:26:12,880 --> 00:26:15,080
Speaker 2: I'm knocking on the door right now. Your fifties is coming.

559
00:26:15,320 --> 00:26:17,880
Speaker 2: I was standing on couches in Greenhouse. It seemed like yesterday,

560
00:26:18,480 --> 00:26:21,000
Speaker 2: and fam niggas was spending three and four and five

561
00:26:21,040 --> 00:26:24,560
Speaker 2: thousand dollars at ninety six and seven thousand dollars a week,

562
00:26:24,640 --> 00:26:26,800
Speaker 2: eight ten thousand dollars a week on liquor.

563
00:26:27,200 --> 00:26:29,880
Speaker 1: I told you the fact that the millionaires that were

564
00:26:30,160 --> 00:26:33,919
Speaker 1: I was partying with and flying out to to see that.

565
00:26:33,960 --> 00:26:35,560
Speaker 1: They all saying here trying to make money with the

566
00:26:35,600 --> 00:26:39,680
Speaker 1: podcast coins that I do like. It's interesting because, yeah,

567
00:26:39,680 --> 00:26:42,760
Speaker 1: you're right, bring athletes, athletes.

568
00:26:42,320 --> 00:26:45,399
Speaker 3: Have all touched a lot of aunt money they have.

569
00:26:45,640 --> 00:26:48,520
Speaker 2: You're right and bro, and now these dudes are no

570
00:26:48,640 --> 00:26:51,800
Speaker 2: disrespect to anybody, I promise you, and talking about I'm

571
00:26:51,800 --> 00:26:54,879
Speaker 2: not disrespecting nobody. A lot of athletes that have touched

572
00:26:54,880 --> 00:26:57,400
Speaker 2: five and ten and twenty million dollars in their lifetime,

573
00:26:57,680 --> 00:27:00,000
Speaker 2: they now are making forty seven thousand dollars a year

574
00:27:00,080 --> 00:27:02,680
Speaker 2: a teaching physics at a local high school and being

575
00:27:02,680 --> 00:27:03,440
Speaker 2: a football coach.

576
00:27:03,720 --> 00:27:06,200
Speaker 1: That is not as that is very particularly.

577
00:27:05,760 --> 00:27:08,159
Speaker 2: I'm not nothing wrong with it. No, I don't know nobody,

578
00:27:08,280 --> 00:27:10,240
Speaker 2: I'm not it's nothing wrong with that. What I'm saying

579
00:27:10,359 --> 00:27:17,159
Speaker 2: is if they would have gotten educational, got took priority

580
00:27:17,200 --> 00:27:21,000
Speaker 2: in getting education on how to spend and manage and

581
00:27:21,040 --> 00:27:24,720
Speaker 2: protect that money, they wouldn't they was.

582
00:27:24,040 --> 00:27:29,879
Speaker 1: The question question Because we had this conversation and I

583
00:27:29,920 --> 00:27:33,080
Speaker 1: want to get into it. So speaking of athletes that

584
00:27:33,240 --> 00:27:36,320
Speaker 1: do that, right, I want to bring up Lebron who

585
00:27:36,440 --> 00:27:41,040
Speaker 1: is a billionaire at this point, and where Ish and

586
00:27:41,119 --> 00:27:43,840
Speaker 1: I both believe that people should be able to work

587
00:27:43,880 --> 00:27:46,000
Speaker 1: as hard as they fucking want and become billionaires. I

588
00:27:46,040 --> 00:27:51,280
Speaker 1: am for billionaires existing, Jason is not king. What is

589
00:27:51,320 --> 00:27:53,399
Speaker 1: your your take on billionaires? Do you do you believe

590
00:27:53,400 --> 00:27:57,320
Speaker 1: that it's okay for us to have billionaires.

591
00:27:57,880 --> 00:27:59,800
Speaker 4: Not the sidew long I.

592
00:27:59,720 --> 00:28:03,320
Speaker 2: Think, I think perfect. The short answer is I think

593
00:28:03,440 --> 00:28:06,760
Speaker 2: is yes. But the way this ship is set up,

594
00:28:07,040 --> 00:28:10,800
Speaker 2: I don't see how fundamentally it can be done. As

595
00:28:10,800 --> 00:28:14,399
Speaker 2: we were talking off off, you know, early on, with

596
00:28:14,480 --> 00:28:15,160
Speaker 2: good practice.

597
00:28:15,240 --> 00:28:18,680
Speaker 1: So can I ask Lebron James, then is that example?

598
00:28:18,680 --> 00:28:19,640
Speaker 1: Because we talked about.

599
00:28:19,520 --> 00:28:22,960
Speaker 2: Athlete Lebron endorsement Lebron.

600
00:28:23,680 --> 00:28:29,480
Speaker 1: So as that billionaire right who we know came from Akron, Ohio,

601
00:28:29,840 --> 00:28:33,480
Speaker 1: who we saw used his strengths as an athlete but

602
00:28:33,600 --> 00:28:38,120
Speaker 1: also educated himself to get to amass the wealthy as

603
00:28:38,120 --> 00:28:40,000
Speaker 1: outside of sports, because it's been all of these other

604
00:28:40,040 --> 00:28:42,560
Speaker 1: businesses too. If we were talking about and I know

605
00:28:43,920 --> 00:28:46,239
Speaker 1: Mouse just left, So we talked about the ethics of it,

606
00:28:46,760 --> 00:28:50,400
Speaker 1: which are you guys against this little black boy from Akron,

607
00:28:50,440 --> 00:28:51,960
Speaker 1: Ohio being a billionaire?

608
00:28:52,040 --> 00:28:52,760
Speaker 3: Do you know what? No?

609
00:28:52,960 --> 00:28:55,280
Speaker 2: Because as you mentioned that, I think about Antoine Walker,

610
00:28:55,400 --> 00:28:57,479
Speaker 2: his story and he blew all his fu off, all

611
00:28:57,480 --> 00:28:58,600
Speaker 2: his money and gambling.

612
00:28:58,760 --> 00:29:00,160
Speaker 3: Yea, I think over one.

613
00:29:00,160 --> 00:29:03,720
Speaker 2: Hundred and undred something million dollars and he has nothing

614
00:29:03,720 --> 00:29:05,480
Speaker 2: to show for it. And I also think about when

615
00:29:05,480 --> 00:29:07,520
Speaker 2: you think about Lebron, you think about Rich Paul, you

616
00:29:07,520 --> 00:29:11,200
Speaker 2: think about he's in a circle. Even if he didn't

617
00:29:11,240 --> 00:29:16,000
Speaker 2: know they helped him, I'm assuming they contributed to the

618
00:29:16,120 --> 00:29:18,040
Speaker 2: education of Yo. You need to put money here and

619
00:29:18,040 --> 00:29:20,000
Speaker 2: put money there and whatever the case may be.

620
00:29:20,280 --> 00:29:23,600
Speaker 3: So no, I think that there's a place for it.

621
00:29:24,320 --> 00:29:26,160
Speaker 1: So you just changed your mind. So your first game.

622
00:29:27,720 --> 00:29:28,520
Speaker 3: Remember, but.

623
00:29:30,320 --> 00:29:31,880
Speaker 4: He's also saying athlete.

624
00:29:33,200 --> 00:29:40,680
Speaker 3: Because he's an athlete, right, I'm saying ye, because of

625
00:29:40,720 --> 00:29:42,000
Speaker 3: the lack of education.

626
00:29:42,360 --> 00:29:44,560
Speaker 2: No, I mean I'm saying lack of education, lack of

627
00:29:45,160 --> 00:29:48,120
Speaker 2: pursuit of the education because it's there right especially now

628
00:29:48,480 --> 00:29:52,920
Speaker 2: now in these days. You can't compare Lebron to you

629
00:29:52,920 --> 00:29:56,760
Speaker 2: KNOWLS in Brownsville.

630
00:29:56,920 --> 00:30:01,200
Speaker 4: Why because exceptionist, he's exception to what he uses to.

631
00:30:03,600 --> 00:30:06,240
Speaker 2: Lebron is ten thousand steps ahead of that because of

632
00:30:06,280 --> 00:30:11,320
Speaker 2: his right now gifts.

633
00:30:10,960 --> 00:30:16,200
Speaker 3: Because like you said, you can smade listen to this

634
00:30:16,320 --> 00:30:17,960
Speaker 3: as Charles climbs that social letter.

635
00:30:18,040 --> 00:30:22,040
Speaker 2: Yeah, when Charles went from five hundred thousand to a million.

636
00:30:22,440 --> 00:30:24,120
Speaker 3: You are in different rooms.

637
00:30:24,840 --> 00:30:28,360
Speaker 2: Education comes along in those rooms, alliances come along in

638
00:30:28,400 --> 00:30:31,400
Speaker 2: those rooms. You don't go from ten million dollars to

639
00:30:31,680 --> 00:30:36,000
Speaker 2: a billion dollars without some education, without meeting some motherfuckers,

640
00:30:36,000 --> 00:30:40,400
Speaker 2: without doing some deals, without talking, without educating yourself. Rihanna

641
00:30:40,440 --> 00:30:46,720
Speaker 2: couldn't go from Rihanna of Umbrella to finy Rihanna. You

642
00:30:46,720 --> 00:30:48,640
Speaker 2: would have threw her in that fenty office. She would

643
00:30:48,680 --> 00:30:51,640
Speaker 2: have fucking crumbled. No, it was steps along that way

644
00:30:51,680 --> 00:30:55,200
Speaker 2: and the steps that come along with everybody's growth. There's

645
00:30:55,240 --> 00:30:58,360
Speaker 2: a level of ascension and that comes in a trajectory

646
00:30:58,360 --> 00:31:01,760
Speaker 2: that's on an upward slope that gets education at every

647
00:31:01,760 --> 00:31:03,200
Speaker 2: step you go up, it's more education.

648
00:31:03,720 --> 00:31:06,480
Speaker 3: So you know Lebron, James mav Carter.

649
00:31:06,480 --> 00:31:09,880
Speaker 1: But also than Jason. No, but on this conversation, do

650
00:31:09,960 --> 00:31:10,959
Speaker 1: you change your sense? Then?

651
00:31:11,000 --> 00:31:12,360
Speaker 4: No, I don't change my SATs. But I think, I

652
00:31:12,400 --> 00:31:14,960
Speaker 4: think what we're saying with the comparisons, because again we're

653
00:31:15,000 --> 00:31:17,400
Speaker 4: referencing a lot of apples and apples and and we're

654
00:31:17,440 --> 00:31:20,800
Speaker 4: mixing kind of metaphors. But this idea like so Lebron right,

655
00:31:20,800 --> 00:31:23,920
Speaker 4: like Lebron is an exception and so but the money

656
00:31:23,920 --> 00:31:26,720
Speaker 4: he's making also grants him to different rooms, different people.

657
00:31:26,720 --> 00:31:28,840
Speaker 4: They did get educated himself. So then when we're talking

658
00:31:28,840 --> 00:31:31,440
Speaker 4: about the idea of repretations, right, like, would that not

659
00:31:31,560 --> 00:31:35,000
Speaker 4: grant a community the same opportunities because now they're making

660
00:31:35,000 --> 00:31:37,240
Speaker 4: more money. To your point the phrasing you use, they've

661
00:31:37,320 --> 00:31:38,280
Speaker 4: raised their income level.

662
00:31:38,360 --> 00:31:38,479
Speaker 2: Right.

663
00:31:38,520 --> 00:31:40,440
Speaker 4: Even if you get beat, you still raise your income level.

664
00:31:40,480 --> 00:31:40,600
Speaker 3: Right.

665
00:31:40,640 --> 00:31:43,280
Speaker 4: So even if you have people who you say or man,

666
00:31:43,320 --> 00:31:44,720
Speaker 4: do you two, they don't know what to do with

667
00:31:44,760 --> 00:31:47,400
Speaker 4: the money, right, But you now have the money, You've

668
00:31:47,480 --> 00:31:49,920
Speaker 4: raised your income level. Right, So now you have opportunities

669
00:31:50,000 --> 00:31:52,240
Speaker 4: to go seek financial advisors. No, you maybe not how

670
00:31:52,240 --> 00:31:52,920
Speaker 4: to do before.

671
00:31:52,960 --> 00:31:54,760
Speaker 1: Go buy out all the crab legs in the ground.

672
00:31:54,920 --> 00:31:58,120
Speaker 4: Sure, but these are also but those are also a

673
00:31:58,120 --> 00:32:01,840
Speaker 4: wide assumptions that fit your right. So I can also say,

674
00:32:01,960 --> 00:32:04,160
Speaker 4: now with this money, it's changed their life, right because

675
00:32:04,160 --> 00:32:06,080
Speaker 4: because again you're saying, if you have ten thousand dollars,

676
00:32:06,200 --> 00:32:08,080
Speaker 4: that projects you to make this much money. To make

677
00:32:08,080 --> 00:32:10,479
Speaker 4: this money, because it gives you opportunities and you enter

678
00:32:10,520 --> 00:32:11,400
Speaker 4: different spaces.

679
00:32:11,640 --> 00:32:13,920
Speaker 3: You didn't earn it, So.

680
00:32:14,040 --> 00:32:19,760
Speaker 2: That earned money and money given are treated differently. Sure,

681
00:32:20,080 --> 00:32:22,040
Speaker 2: your kids don't look at money the way you look

682
00:32:22,040 --> 00:32:27,360
Speaker 2: at money with him, it's a very I that's my

683
00:32:27,600 --> 00:32:29,080
Speaker 2: don't let's wait wait, wait, let me finish.

684
00:32:29,640 --> 00:32:31,560
Speaker 3: So the educational.

685
00:32:30,960 --> 00:32:34,920
Speaker 4: Piece, I said, that's Cuddy off Air by the way,

686
00:32:34,960 --> 00:32:36,000
Speaker 4: hanging out, hanging out with us.

687
00:32:36,360 --> 00:32:39,280
Speaker 2: No, the educational piece that he speaks of when you're

688
00:32:39,320 --> 00:32:42,160
Speaker 2: trying to earn more money. And I walked in this

689
00:32:42,240 --> 00:32:44,040
Speaker 2: room and they introduced me to Blah blah blah and

690
00:32:44,080 --> 00:32:46,840
Speaker 2: were running this deal by him. You getting an education

691
00:32:46,960 --> 00:32:49,960
Speaker 2: in that, because that education is vital to earn that

692
00:32:50,120 --> 00:32:54,880
Speaker 2: other money. When you get given money people when niggas

693
00:32:54,960 --> 00:32:57,920
Speaker 2: hit the lotto, Google the percentage of people that hit

694
00:32:57,920 --> 00:33:01,240
Speaker 2: the lotto from where they are the day before and

695
00:33:01,360 --> 00:33:03,920
Speaker 2: to where they are now. It's an example, Yo, you

696
00:33:04,080 --> 00:33:07,160
Speaker 2: run through that money because it's not earned. Right, So

697
00:33:07,960 --> 00:33:09,120
Speaker 2: I think that that But if.

698
00:33:09,080 --> 00:33:11,400
Speaker 4: You get an inheritance, isn't that the same thing? But

699
00:33:11,440 --> 00:33:15,719
Speaker 4: I don't think sometimes also, but sometimes keyword is sometimes no,

700
00:33:15,840 --> 00:33:19,080
Speaker 4: because guess what you said. Sometimes I know if Bill.

701
00:33:18,920 --> 00:33:21,480
Speaker 3: Gates was my dad, education came in that.

702
00:33:21,920 --> 00:33:28,280
Speaker 4: Yeah, sureation. But that's also that's also very like max exam.

703
00:33:29,480 --> 00:33:32,080
Speaker 4: You can use these mass examples. The guy whose father

704
00:33:32,360 --> 00:33:34,480
Speaker 4: is an accountant and he leaves him and he leaves

705
00:33:34,480 --> 00:33:35,160
Speaker 4: on something carpenter.

706
00:33:35,920 --> 00:33:38,840
Speaker 2: Look me, I never nobody ever taught me construction. My

707
00:33:38,960 --> 00:33:42,360
Speaker 2: uncle was a plumber and a contractor. Me in the summertimes,

708
00:33:42,600 --> 00:33:46,480
Speaker 2: having to go there, I adopted some of that. So

709
00:33:46,560 --> 00:33:50,560
Speaker 2: when I got introduced to home renovation, it wasn't foreign

710
00:33:50,560 --> 00:33:52,600
Speaker 2: to me. I took to it for like a fish

711
00:33:52,640 --> 00:33:54,960
Speaker 2: to water. That was an education and living in that

712
00:33:55,080 --> 00:33:56,400
Speaker 2: household with my uncle.

713
00:33:56,960 --> 00:33:59,160
Speaker 3: Right. So if you look up the history of.

714
00:34:01,040 --> 00:34:03,239
Speaker 2: It's not the Rockefellers, it's one of the other rich

715
00:34:03,280 --> 00:34:04,160
Speaker 2: families I forgot.

716
00:34:03,960 --> 00:34:05,240
Speaker 4: Which is still still family.

717
00:34:05,320 --> 00:34:10,640
Speaker 2: One of no. One of the families, the Kennedy's. When

718
00:34:10,640 --> 00:34:13,520
Speaker 2: they were young, they got allowance. They got an allowance,

719
00:34:14,880 --> 00:34:16,920
Speaker 2: and what they had to do with that allowance was

720
00:34:17,280 --> 00:34:20,840
Speaker 2: keep a detailed book of their allowance. They had to

721
00:34:20,840 --> 00:34:23,680
Speaker 2: give away ten percent, they had to save ten percent

722
00:34:24,000 --> 00:34:26,480
Speaker 2: the other eighty percent. If they bought bubblegum with it,

723
00:34:26,520 --> 00:34:28,880
Speaker 2: if they bought transformers with it, they.

724
00:34:28,719 --> 00:34:32,120
Speaker 3: Had to account for it and how you just allocated

725
00:34:32,160 --> 00:34:32,640
Speaker 3: your bread.

726
00:34:33,480 --> 00:34:38,560
Speaker 2: Those lessons some of the brothers attributed to their successes today.

727
00:34:39,000 --> 00:34:41,760
Speaker 2: So that education that they got, even at a small age,

728
00:34:42,000 --> 00:34:43,320
Speaker 2: showed them how to balance books.

729
00:34:43,320 --> 00:34:45,879
Speaker 4: That's still money that they were giving annance outside of.

730
00:34:46,200 --> 00:34:54,759
Speaker 2: The education showed them how to take care of the.

731
00:34:52,040 --> 00:34:54,600
Speaker 1: I want to go back to. Clearly a king couldn't

732
00:34:54,600 --> 00:34:57,560
Speaker 1: stand on his point too much. He folded really quickly,

733
00:34:57,920 --> 00:34:58,919
Speaker 1: So I want to go back.

734
00:34:58,920 --> 00:35:00,080
Speaker 3: I don't look at it like a full.

735
00:35:02,120 --> 00:35:05,200
Speaker 2: I don't think people should get monetary reparations because I

736
00:35:05,200 --> 00:35:06,920
Speaker 2: don't think there's a value of number that you can

737
00:35:06,960 --> 00:35:12,120
Speaker 2: equate to what happened to our ancestors. The reparations should

738
00:35:12,200 --> 00:35:13,840
Speaker 2: come in form of land.

739
00:35:13,880 --> 00:35:14,640
Speaker 3: That's just my take.

740
00:35:16,200 --> 00:35:20,440
Speaker 1: I want to ask, no matter, no matter if you

741
00:35:20,600 --> 00:35:22,480
Speaker 1: earn it and work for it, or if it was

742
00:35:22,520 --> 00:35:26,120
Speaker 1: given to you, why do you not believe that billionaires

743
00:35:26,120 --> 00:35:26,760
Speaker 1: should exist?

744
00:35:27,280 --> 00:35:29,560
Speaker 4: I think my problem with the idea of and again

745
00:35:29,600 --> 00:35:33,399
Speaker 4: I'm pro for entrepreneurialism. People making money is great, that's

746
00:35:33,440 --> 00:35:36,920
Speaker 4: all that. So I think sometimes people don't understand just

747
00:35:36,920 --> 00:35:39,200
Speaker 4: to share difference between a million dollars and a billion

748
00:35:39,239 --> 00:35:43,759
Speaker 4: dollars a huge, huge, huge difference, right, And it's like

749
00:35:43,800 --> 00:35:47,359
Speaker 4: that joke where it's like, uh, you know, athletes are rich,

750
00:35:47,440 --> 00:35:49,560
Speaker 4: but the owners of the team are wealthy. Because the

751
00:35:49,560 --> 00:35:52,279
Speaker 4: grand scale of what's happening in the difference, it's just tremendous, right,

752
00:35:52,680 --> 00:35:56,960
Speaker 4: and so the idea to attain the money, that's a billionaire.

753
00:35:57,200 --> 00:35:59,000
Speaker 4: And I'll even come back to sports with the point

754
00:35:59,000 --> 00:36:02,640
Speaker 4: to land it. It's people who are billionaires. It's not

755
00:36:02,680 --> 00:36:06,600
Speaker 4: like they And again everything we're saying is generalizations, right,

756
00:36:06,640 --> 00:36:10,120
Speaker 4: because how Lebron earns his billions much different than you know,

757
00:36:10,160 --> 00:36:12,560
Speaker 4: the examples of people I'm talking about, right, And so

758
00:36:12,840 --> 00:36:16,120
Speaker 4: Elon is a good one too, right, Like Elon inherited

759
00:36:16,160 --> 00:36:18,880
Speaker 4: wealth from his father, right, or Trump inherited weal from

760
00:36:18,920 --> 00:36:20,960
Speaker 4: their father. So now they're starting on third base, right.

761
00:36:21,360 --> 00:36:24,920
Speaker 4: And so then it's not that they're like great businessmen, right,

762
00:36:25,040 --> 00:36:29,840
Speaker 4: it's through this idea of policy failures and lobbied regulation

763
00:36:29,920 --> 00:36:34,000
Speaker 4: that benefits them or lobbied deregulation that benefits them, earned

764
00:36:34,000 --> 00:36:37,920
Speaker 4: this amount of wealth and then also using laphole loopholes

765
00:36:37,960 --> 00:36:38,720
Speaker 4: and a tax code.

766
00:36:38,880 --> 00:36:38,960
Speaker 5: Right.

767
00:36:39,480 --> 00:36:42,400
Speaker 4: So so so now so now they're doing all this

768
00:36:42,520 --> 00:36:46,000
Speaker 4: with the idea of that they're they've mastered the free market.

769
00:36:46,360 --> 00:36:48,840
Speaker 4: But anyway, my problem is it's not it's not like

770
00:36:48,880 --> 00:36:52,680
Speaker 4: I have a problem with an individual billionaire. I think

771
00:36:52,760 --> 00:36:57,920
Speaker 4: a billionaire is a it is a symptom to a

772
00:36:58,040 --> 00:37:00,799
Speaker 4: larger ailment, which is sort of this idea of the

773
00:37:00,800 --> 00:37:03,040
Speaker 4: free market not actually being free. So it's not like

774
00:37:03,200 --> 00:37:05,360
Speaker 4: if somebody has a billion, to issues point that he

775
00:37:05,400 --> 00:37:08,520
Speaker 4: made earlier, whether it was off air or on, if

776
00:37:08,520 --> 00:37:10,719
Speaker 4: somebody has nine hundred ninety nine million, I'm not going

777
00:37:10,760 --> 00:37:12,160
Speaker 4: to be like, yo, we'll just stop, you know what

778
00:37:12,160 --> 00:37:15,239
Speaker 4: I mean. But it's this idea of this system that's

779
00:37:15,280 --> 00:37:18,239
Speaker 4: predicated on things that may be a moral like Mouse

780
00:37:18,280 --> 00:37:22,560
Speaker 4: was saying off air, But also it's just not this

781
00:37:22,760 --> 00:37:26,759
Speaker 4: idea that they've mastered the free market, because it's not free, right,

782
00:37:27,040 --> 00:37:29,279
Speaker 4: and then the land it right. And then you have

783
00:37:29,360 --> 00:37:32,239
Speaker 4: billionaires who often buy at that they buy teams, right,

784
00:37:32,400 --> 00:37:35,520
Speaker 4: they buy teams, and then suddenly they turn socialists because

785
00:37:35,520 --> 00:37:38,560
Speaker 4: they want cap they want money from the TV to

786
00:37:38,600 --> 00:37:40,000
Speaker 4: be spread back. In this they have like the team

787
00:37:40,040 --> 00:37:43,080
Speaker 4: like the Redskins, right, who has this billionaire owner previously

788
00:37:43,360 --> 00:37:46,239
Speaker 4: but he didn't spend any money, wanted to have money

789
00:37:46,280 --> 00:37:48,600
Speaker 4: come back to him for not spending money, and so

790
00:37:48,680 --> 00:37:52,560
Speaker 4: essentially he wanted ecadomic welfare. Right, But he puts his

791
00:37:52,640 --> 00:37:55,320
Speaker 4: chest out like on this titan of business who's mastered

792
00:37:55,360 --> 00:37:57,200
Speaker 4: the system. But when he runs his team and he

793
00:37:57,239 --> 00:37:59,400
Speaker 4: has to do it. Without the help of these loopholes,

794
00:37:59,440 --> 00:38:01,360
Speaker 4: he can't do it, and now he becomes a socialist.

795
00:38:01,360 --> 00:38:03,160
Speaker 1: I just I just hate that. I ain't gonna hold you.

796
00:38:03,200 --> 00:38:04,879
Speaker 1: I'll be mad that we'd be so mad that people

797
00:38:04,920 --> 00:38:09,720
Speaker 1: want loopholes and people want tax breaks or people want likes.

798
00:38:11,040 --> 00:38:13,640
Speaker 1: I know when I see here and talk about like

799
00:38:14,040 --> 00:38:17,399
Speaker 1: us being mad at loopholes. We find loopholes to cheat

800
00:38:17,440 --> 00:38:20,200
Speaker 1: in our relationships, We find loopholes to cheat on tests

801
00:38:20,200 --> 00:38:20,680
Speaker 1: in school.

802
00:38:21,560 --> 00:38:23,720
Speaker 4: To Mouse's point, cheating is cheating.

803
00:38:23,840 --> 00:38:27,040
Speaker 1: We find less for our groceries by going and spending

804
00:38:27,080 --> 00:38:30,360
Speaker 1: time getting coupons. I don't know why in terms of

805
00:38:30,440 --> 00:38:33,080
Speaker 1: a billionaire, it's the only time in which we're like,

806
00:38:33,320 --> 00:38:35,440
Speaker 1: they're unethical, awful people.

807
00:38:35,160 --> 00:38:38,239
Speaker 5: For wanting loopholes or not wanting to But I'm not

808
00:38:38,320 --> 00:38:40,640
Speaker 5: saying when I say awful people.

809
00:38:40,840 --> 00:38:42,640
Speaker 1: But a lot of people say that there's no way

810
00:38:42,680 --> 00:38:45,280
Speaker 1: to becoming No, that is a lot of people's argument

811
00:38:45,440 --> 00:38:48,359
Speaker 1: is that there's no way to become a billionaire as

812
00:38:48,360 --> 00:38:53,840
Speaker 1: an ethical, big person, like basically the people. It's a

813
00:38:54,000 --> 00:38:58,080
Speaker 1: lot of people, a lot of people that the insinuation

814
00:38:58,280 --> 00:39:01,040
Speaker 1: is that to be to have become a billionaire, you

815
00:39:01,080 --> 00:39:03,520
Speaker 1: had to ship on people on your way there. You

816
00:39:03,560 --> 00:39:06,400
Speaker 1: had to do bad business practices to get there. And

817
00:39:06,440 --> 00:39:09,440
Speaker 1: so the problem is, well, if you were a better person,

818
00:39:09,760 --> 00:39:12,759
Speaker 1: you would distribute that wealth more to the people in

819
00:39:12,920 --> 00:39:15,360
Speaker 1: need to where then you wouldn't.

820
00:39:15,000 --> 00:39:19,560
Speaker 4: Be not necessary in need and better practice. Mouse is saying,

821
00:39:19,560 --> 00:39:20,200
Speaker 4: so listen.

822
00:39:20,040 --> 00:39:23,399
Speaker 3: To this, and mouse is wrong, and mouse saying here, listen.

823
00:39:23,480 --> 00:39:26,240
Speaker 1: You don't want to hear more, go to the Patreon Take.

824
00:39:26,280 --> 00:39:29,480
Speaker 3: This, yo. The market is the market, right? One person

825
00:39:29,520 --> 00:39:31,359
Speaker 3: doesn't set a market, sure.

826
00:39:31,360 --> 00:39:33,360
Speaker 4: Okay, But but also saying the market of the market

827
00:39:33,440 --> 00:39:36,319
Speaker 4: is a wild generalization that's going to help your point.

828
00:39:36,360 --> 00:39:38,799
Speaker 4: Let me because because it ignores what the systems are

829
00:39:38,840 --> 00:39:41,480
Speaker 4: towards the market. That's like me saying, like yo, a

830
00:39:41,560 --> 00:39:44,319
Speaker 4: relationships of relationships, people are gonna cheat. Right, that's a

831
00:39:44,320 --> 00:39:50,440
Speaker 4: broad station, I know. But your examples already gonna be

832
00:39:50,440 --> 00:39:53,320
Speaker 4: fault because you're you're excusing the system as it exists.

833
00:39:53,760 --> 00:39:55,560
Speaker 4: You are saying the market and the market that's the

834
00:39:55,600 --> 00:39:56,399
Speaker 4: default of what it is.

835
00:39:56,600 --> 00:39:59,160
Speaker 3: Listen to this. The market is the market. Right.

836
00:39:59,719 --> 00:40:03,720
Speaker 2: So if I own Walmart and the greeter that greets

837
00:40:03,719 --> 00:40:06,560
Speaker 2: the people when you walk in the door because Walmart

838
00:40:06,640 --> 00:40:13,239
Speaker 2: makes a gazillion dollars, right, People's theoretical point is you

839
00:40:13,400 --> 00:40:17,719
Speaker 2: can afford to pay the greeter fifty dollars an hour,

840
00:40:18,960 --> 00:40:21,040
Speaker 2: you're paying them fifteen dollars an hour.

841
00:40:21,480 --> 00:40:22,239
Speaker 3: That's fucked up.

842
00:40:23,320 --> 00:40:26,920
Speaker 2: And what I tell people is on a macro business level,

843
00:40:27,520 --> 00:40:32,239
Speaker 2: that maintains order because Walmart can afford to pay the

844
00:40:32,239 --> 00:40:33,680
Speaker 2: greeter fifty dollars.

845
00:40:33,719 --> 00:40:36,360
Speaker 3: If they paid the greeter fifty dollars an hour, you

846
00:40:36,400 --> 00:40:38,800
Speaker 3: know what happened. There would be no Mom and pop

847
00:40:38,880 --> 00:40:39,920
Speaker 3: ever in the world.

848
00:40:39,960 --> 00:40:42,160
Speaker 4: What is the order that you're talking about maintaining.

849
00:40:42,560 --> 00:40:45,120
Speaker 2: If Walmart, because they could afford to pay everybody a

850
00:40:45,200 --> 00:40:48,360
Speaker 2: higher wage, paid everybody this absorbing amount of money to

851
00:40:48,480 --> 00:40:52,720
Speaker 2: do menial tasks, Nobody will work at the local cleaners.

852
00:40:52,760 --> 00:40:55,319
Speaker 2: Nobody will look at the local McDonald's. Nobody will work

853
00:40:55,360 --> 00:40:58,399
Speaker 2: at the local mechanic shop. Nobody will work nowhere else

854
00:40:58,440 --> 00:41:01,080
Speaker 2: because Walmart has the ability to pay these people this

855
00:41:01,160 --> 00:41:04,360
Speaker 2: crazy amount of money, and mister Johnson can't.

856
00:41:04,440 --> 00:41:06,359
Speaker 3: So mister Johnson can't get nobody to work.

857
00:41:06,400 --> 00:41:08,120
Speaker 4: Mister Johnson doesn't have to be an entrepreneur. He can

858
00:41:08,160 --> 00:41:11,440
Speaker 4: go walk up Walmart for the fair wages that you're saying, cool.

859
00:41:11,440 --> 00:41:16,160
Speaker 2: So now again society ceases to exist because you need

860
00:41:16,239 --> 00:41:18,160
Speaker 2: all of these things working in a balance.

861
00:41:18,360 --> 00:41:21,200
Speaker 1: Well, no, that's also going to say not everybody wants

862
00:41:21,200 --> 00:41:23,719
Speaker 1: to be a worker. There are people that want to create.

863
00:41:23,480 --> 00:41:25,680
Speaker 4: Like like the it's just to success to be able

864
00:41:25,719 --> 00:41:27,799
Speaker 4: to be a businessman. And if you can't, well, no, the.

865
00:41:28,120 --> 00:41:30,319
Speaker 1: People that are business people are not successful at all.

866
00:41:30,680 --> 00:41:33,640
Speaker 1: But I mean, but if we're talking about the pecking order,

867
00:41:33,680 --> 00:41:36,680
Speaker 1: now you have workers, and you have the.

868
00:41:36,880 --> 00:41:39,239
Speaker 4: Point of the order existing right where you need all

869
00:41:39,239 --> 00:41:42,279
Speaker 4: these other systems that you're then referring to a free

870
00:41:42,320 --> 00:41:45,680
Speaker 4: market being established, right because otherwise if there's a monopoly,

871
00:41:46,040 --> 00:41:48,359
Speaker 4: then they could do price scouting right, And so, mister

872
00:41:48,400 --> 00:41:49,520
Speaker 4: Johnson doesn't exist.

873
00:41:49,320 --> 00:41:53,200
Speaker 1: The example of just paying people more because.

874
00:41:52,640 --> 00:41:54,799
Speaker 3: You can't well, because nobody does that well.

875
00:41:54,960 --> 00:41:57,920
Speaker 1: But the reality of it is like your bottom line

876
00:41:58,560 --> 00:42:01,800
Speaker 1: may not be met. There are also you have lost prevation.

877
00:42:03,360 --> 00:42:05,879
Speaker 4: In this specific example we're talking about Walmart, I'm taking

878
00:42:07,920 --> 00:42:11,279
Speaker 4: I understand how they can know with like the ten

879
00:42:11,440 --> 00:42:14,680
Speaker 4: richest Americans, seven of them.

880
00:42:14,640 --> 00:42:17,799
Speaker 1: Walmart bought the trademark for June. See, y'all bitches can't

881
00:42:17,800 --> 00:42:21,680
Speaker 1: even use June teeth on the ice cream. But yeah,

882
00:42:21,920 --> 00:42:23,200
Speaker 1: they did buy juneteth ice cream.

883
00:42:23,680 --> 00:42:24,160
Speaker 3: You got it.

884
00:42:24,680 --> 00:42:27,279
Speaker 1: Look it up. But look at you could just say

885
00:42:27,280 --> 00:42:28,839
Speaker 1: I'm a liar without.

886
00:42:28,480 --> 00:42:30,360
Speaker 3: It being you could be mistaken. They don't got to

887
00:42:30,360 --> 00:42:30,800
Speaker 3: be a liar.

888
00:42:31,280 --> 00:42:34,239
Speaker 1: Someone from Walmart got the trademark. Keep going ahead and.

889
00:42:34,200 --> 00:42:36,399
Speaker 2: Say go back to what I was saying, right, Yo,

890
00:42:36,760 --> 00:42:38,400
Speaker 2: So listen to this. This is this is what I

891
00:42:38,400 --> 00:42:40,919
Speaker 2: don't like. I don't like all of these negative things

892
00:42:40,920 --> 00:42:44,200
Speaker 2: that come along with money, getting money, and we as

893
00:42:44,239 --> 00:42:48,360
Speaker 2: black people adopt them like more money, more problems, money,

894
00:42:48,880 --> 00:42:50,560
Speaker 2: Uh grant.

895
00:42:50,320 --> 00:42:50,920
Speaker 3: What's the ship?

896
00:42:51,280 --> 00:42:52,120
Speaker 1: Uh evil?

897
00:42:52,360 --> 00:42:55,879
Speaker 2: Some money and evil connotation like all of those things

898
00:42:55,920 --> 00:42:56,560
Speaker 2: that's cut in the.

899
00:42:58,520 --> 00:43:01,400
Speaker 3: Attach negativity the money.

900
00:43:02,000 --> 00:43:05,000
Speaker 2: And they taught us bullshit like that during slavery times,

901
00:43:05,320 --> 00:43:08,919
Speaker 2: right to make us not want to strive for better shit.

902
00:43:09,040 --> 00:43:11,400
Speaker 3: That's my opinion. Like, I don't buy into none of

903
00:43:11,400 --> 00:43:12,160
Speaker 3: that shit. Fam.

904
00:43:12,680 --> 00:43:16,560
Speaker 2: If we talked about people not having financial literacy or

905
00:43:16,600 --> 00:43:18,680
Speaker 2: not having a discipline to put their money in the

906
00:43:18,760 --> 00:43:21,920
Speaker 2: right place. So let's just say me and me and

907
00:43:22,000 --> 00:43:24,840
Speaker 2: Jay own a business. We wasn't going to the club.

908
00:43:25,040 --> 00:43:28,919
Speaker 2: We didn't buy rolexes. He refinanced his house. I took

909
00:43:28,960 --> 00:43:31,440
Speaker 2: a loan from my wife, we bust our ass, and

910
00:43:31,480 --> 00:43:34,399
Speaker 2: we opened the business in the garage and for five

911
00:43:34,480 --> 00:43:36,680
Speaker 2: years we ate tuna fish and peanut butter and jelly,

912
00:43:36,960 --> 00:43:39,319
Speaker 2: and everybody else was in the club buying rolexes and

913
00:43:39,320 --> 00:43:42,000
Speaker 2: benzes and shit. You mean to tell me that once

914
00:43:42,080 --> 00:43:44,880
Speaker 2: we get up through them sacrifices and we get to

915
00:43:44,960 --> 00:43:47,359
Speaker 2: Amazon level, now we got to come back and give

916
00:43:47,400 --> 00:43:49,240
Speaker 2: our money to the niggas that was going to the club.

917
00:43:49,520 --> 00:43:52,319
Speaker 2: You out your fucking mind, nigga. Well, I'm not doing

918
00:43:52,360 --> 00:43:55,400
Speaker 2: none of that. I'm never doing that to get back. No,

919
00:43:55,440 --> 00:43:58,640
Speaker 2: it's not that fam I sacrificed and I bust my ass,

920
00:43:58,680 --> 00:44:00,440
Speaker 2: and I did the things that I had to do

921
00:44:00,640 --> 00:44:02,839
Speaker 2: to see a level of success. And the people that

922
00:44:02,880 --> 00:44:06,200
Speaker 2: were not willing to be disciplined to do that and sacrifice,

923
00:44:06,320 --> 00:44:08,520
Speaker 2: they're not gonna get in basket my riches.

924
00:44:08,600 --> 00:44:10,000
Speaker 1: I'm not I agree with that.

925
00:44:10,000 --> 00:44:14,839
Speaker 4: That's a billionaire level. So let's do this fact check though,

926
00:44:14,840 --> 00:44:20,560
Speaker 4: real quick. Technically both right to.

927
00:44:22,320 --> 00:44:22,879
Speaker 3: It's your point.

928
00:44:22,960 --> 00:44:26,480
Speaker 4: Nobody can own the trade bunk of town, but you

929
00:44:26,520 --> 00:44:29,560
Speaker 4: can't own trademarks related to Juneteenth products.

930
00:44:29,600 --> 00:44:31,959
Speaker 3: And Walmart did that ice cream.

931
00:44:32,280 --> 00:44:34,440
Speaker 2: Walmart did it for a company that had the juneteenth

932
00:44:34,520 --> 00:44:37,480
Speaker 2: ice cream. Some black people then said they got the

933
00:44:37,520 --> 00:44:40,320
Speaker 2: c S and desist to Walmart because they had already

934
00:44:40,440 --> 00:44:43,640
Speaker 2: put in the trademark request for June teenth to the

935
00:44:43,760 --> 00:44:44,480
Speaker 2: us P t O.

936
00:44:44,960 --> 00:44:47,000
Speaker 3: But it was for different classes. You know.

937
00:44:47,640 --> 00:44:49,840
Speaker 1: It was like they gave fifty they did for the

938
00:44:49,880 --> 00:44:50,319
Speaker 1: ice cream.

939
00:44:50,360 --> 00:44:50,960
Speaker 3: I don't want to fight.

940
00:44:53,280 --> 00:44:55,000
Speaker 1: I'm just saying that we were both right then, but

941
00:44:55,520 --> 00:44:56,600
Speaker 1: both wrong and both right.

942
00:44:56,920 --> 00:44:57,560
Speaker 3: But to our point.

943
00:44:57,600 --> 00:45:00,920
Speaker 2: I just think that I think that, yo, we have

944
00:45:01,040 --> 00:45:02,680
Speaker 2: to collectively come together.

945
00:45:02,760 --> 00:45:05,279
Speaker 3: We got to work together. That's a big thing. Like

946
00:45:05,360 --> 00:45:06,839
Speaker 3: blacks don't not.

947
00:45:06,800 --> 00:45:08,919
Speaker 1: Wanting to give back. You talk in your eyes, so please,

948
00:45:09,000 --> 00:45:09,720
Speaker 1: I know you're talking.

949
00:45:09,800 --> 00:45:12,040
Speaker 2: I want to get I want to reference a book.

950
00:45:12,320 --> 00:45:15,160
Speaker 2: It's called The Destruction of the Black Civilization Chances Williams.

951
00:45:15,320 --> 00:45:17,520
Speaker 2: And one of the takeaways, if I can surmise, is

952
00:45:17,560 --> 00:45:19,560
Speaker 2: that he said we and I don't know when. He

953
00:45:19,960 --> 00:45:22,040
Speaker 2: don't remember off him when he published this book, but

954
00:45:22,120 --> 00:45:24,719
Speaker 2: let's just say it was it was late seventies. Maybe

955
00:45:24,760 --> 00:45:27,319
Speaker 2: it's white, black and red. So yes, yes, dope book

956
00:45:27,320 --> 00:45:29,719
Speaker 2: and had a horse. But he said, yo, look, we

957
00:45:29,760 --> 00:45:33,800
Speaker 2: don't have time afforded to us to keep dragging along

958
00:45:33,800 --> 00:45:36,479
Speaker 2: people in our community to get us to this level

959
00:45:36,480 --> 00:45:38,520
Speaker 2: that we need to do as far as nation building.

960
00:45:38,760 --> 00:45:40,600
Speaker 2: So he wrote that, I look at the context he

961
00:45:40,640 --> 00:45:43,120
Speaker 2: wrote that twenty plus years ago, and we in twenty

962
00:45:43,160 --> 00:45:47,600
Speaker 2: twenty five right where we're talking about this thing, the

963
00:45:47,719 --> 00:45:50,919
Speaker 2: trust or the information that we don't have the time

964
00:45:50,960 --> 00:45:53,120
Speaker 2: afforded to us. As you said, we need to come together,

965
00:45:53,160 --> 00:45:55,239
Speaker 2: and like we just have to pull along the people

966
00:45:55,280 --> 00:45:57,920
Speaker 2: who can who gets it or willing to get somewhere

967
00:45:58,000 --> 00:45:59,640
Speaker 2: to a point where we can have some trust to

968
00:45:59,680 --> 00:46:01,880
Speaker 2: understand about how do we get to a point of

969
00:46:03,360 --> 00:46:04,200
Speaker 2: financial freedom.

970
00:46:04,280 --> 00:46:06,040
Speaker 3: So to me, you know what I've come to discover.

971
00:46:06,200 --> 00:46:11,480
Speaker 2: Unfortunately, some of them people be white, some of them

972
00:46:11,480 --> 00:46:15,080
Speaker 2: people be Asian, some of them people be Hispanic. So

973
00:46:15,360 --> 00:46:17,360
Speaker 2: if I'm trying to beat this ship into my I

974
00:46:17,400 --> 00:46:20,000
Speaker 2: started buying houses in two thousand and three. I went

975
00:46:20,040 --> 00:46:22,960
Speaker 2: to every one of my friends. I left this seminar green, Yo,

976
00:46:23,000 --> 00:46:25,279
Speaker 2: we could do this ship. They said, we could do it. Yo,

977
00:46:25,320 --> 00:46:25,920
Speaker 2: it's easy.

978
00:46:25,920 --> 00:46:26,520
Speaker 3: Boom boom.

979
00:46:26,600 --> 00:46:29,080
Speaker 2: I went to every one of my friends, every one

980
00:46:29,120 --> 00:46:31,440
Speaker 2: of my fucking friends, and said, Yo, they said we

981
00:46:31,440 --> 00:46:33,239
Speaker 2: could do it. Look, I got the books. They said,

982
00:46:33,280 --> 00:46:35,560
Speaker 2: you do this. Y'all looked up on Google. They said

983
00:46:35,600 --> 00:46:37,759
Speaker 2: you could do this, and niggas looked at me and

984
00:46:37,840 --> 00:46:38,760
Speaker 2: was like, nah, I'm cool.

985
00:46:39,000 --> 00:46:40,759
Speaker 1: Not only that, do you want to know what others now?

986
00:46:41,040 --> 00:46:41,320
Speaker 3: Cool?

987
00:46:41,400 --> 00:46:43,640
Speaker 1: Wait? Is you want to know what else? People are

988
00:46:44,280 --> 00:46:49,360
Speaker 1: are also have been talking about what is it? Shade, shade, moisture,

989
00:46:50,760 --> 00:46:51,720
Speaker 1: what else? There's?

990
00:46:51,800 --> 00:46:54,560
Speaker 2: There's me all of them.

991
00:46:54,600 --> 00:46:58,480
Speaker 1: There's a ton of black owned businesses getting the backlash

992
00:46:58,680 --> 00:47:02,759
Speaker 1: for even selling their companies two white people. And it's

993
00:47:02,760 --> 00:47:04,920
Speaker 1: the same conversation. These black people are mad that they

994
00:47:05,160 --> 00:47:07,080
Speaker 1: love that they decided to.

995
00:47:07,200 --> 00:47:11,279
Speaker 3: Carol's daughter, all of them.

996
00:47:10,640 --> 00:47:13,520
Speaker 1: And I personally don't see the problem.

997
00:47:13,200 --> 00:47:14,920
Speaker 3: I lack of education.

998
00:47:15,000 --> 00:47:17,520
Speaker 1: Again, it is a lack of education because I think

999
00:47:17,560 --> 00:47:20,080
Speaker 1: that you should sell a biess. You should build a

1000
00:47:20,120 --> 00:47:22,319
Speaker 1: business enough to sell it and make your money off

1001
00:47:22,360 --> 00:47:24,440
Speaker 1: of it, create another one. I think that that is

1002
00:47:24,480 --> 00:47:27,320
Speaker 1: actually what most people do when they create a business,

1003
00:47:27,360 --> 00:47:29,440
Speaker 1: It is to sell it. It's why even as podcasters

1004
00:47:29,440 --> 00:47:32,520
Speaker 1: we talk we talked all this conversation about IP and

1005
00:47:32,560 --> 00:47:36,200
Speaker 1: why it's so goddamn important that's literally it and so

1006
00:47:36,280 --> 00:47:38,600
Speaker 1: that we can own something and be able to sell

1007
00:47:38,640 --> 00:47:41,279
Speaker 1: it when it's a massive value that can make it

1008
00:47:41,280 --> 00:47:41,640
Speaker 1: make sense.

1009
00:47:41,840 --> 00:47:45,480
Speaker 2: We don't examine the full case study of why these businesses.

1010
00:47:45,800 --> 00:47:48,239
Speaker 2: So if I go to like Bevil, Tristan Walkers, shout

1011
00:47:48,239 --> 00:47:50,000
Speaker 2: out to Tristan Walker when he came out of the

1012
00:47:50,120 --> 00:47:53,160
Speaker 2: room the clipper and the headcare product for man. He

1013
00:47:53,280 --> 00:47:57,360
Speaker 2: sold off the company to Johnson and Johnson, which allowed

1014
00:47:57,400 --> 00:47:59,960
Speaker 2: him to be in target. Yep, right, he still runs

1015
00:48:00,080 --> 00:48:02,560
Speaker 2: the creative But I'm.

1016
00:48:02,440 --> 00:48:04,040
Speaker 1: Not even business.

1017
00:48:04,160 --> 00:48:05,719
Speaker 3: Do something great? Do it again, jay Z.

1018
00:48:07,239 --> 00:48:10,239
Speaker 2: Jay Z owned one hundred percent of a space. Guess what,

1019
00:48:10,840 --> 00:48:13,839
Speaker 2: I'm not getting distribution everywhere in the world. So let's

1020
00:48:13,840 --> 00:48:16,640
Speaker 2: say I'm putting one thousand bottles on the shelf. They

1021
00:48:16,760 --> 00:48:19,480
Speaker 2: my thousand bottles. But when I go team up with

1022
00:48:19,680 --> 00:48:24,400
Speaker 2: LV ANDMH who Hennessy has distribution worldwide, Now I go

1023
00:48:24,440 --> 00:48:27,000
Speaker 2: from putting a thousand bottles on the shelf to ten

1024
00:48:27,080 --> 00:48:30,160
Speaker 2: million bottles on the shelf. So yeah, I might own

1025
00:48:30,160 --> 00:48:32,560
Speaker 2: one hundred percent of a thousand bottles as opposed to

1026
00:48:32,640 --> 00:48:33,680
Speaker 2: fifty percent of.

1027
00:48:33,600 --> 00:48:34,640
Speaker 3: Ten million bottles.

1028
00:48:34,840 --> 00:48:37,160
Speaker 2: My nigga, When you start taking some of the emotional

1029
00:48:37,239 --> 00:48:39,880
Speaker 2: shit out of this and start talking about what's logical

1030
00:48:39,960 --> 00:48:42,359
Speaker 2: and rational, these decisions are easy to.

1031
00:48:42,280 --> 00:48:46,040
Speaker 1: Say though, that that is the problem because of the

1032
00:48:46,200 --> 00:48:50,560
Speaker 1: traumas associated with our history because of us even having

1033
00:48:50,560 --> 00:48:54,399
Speaker 1: to discuss reparations of what we're owed. It's almost impossible

1034
00:48:54,440 --> 00:48:57,840
Speaker 1: a bit for our community to remove emotion out of

1035
00:48:58,040 --> 00:48:59,440
Speaker 1: actual business decisions.

1036
00:49:00,120 --> 00:49:03,160
Speaker 3: No, when they remove it when they start making money.

1037
00:49:04,080 --> 00:49:06,240
Speaker 1: Yeah, and then they get called mandosantus.

1038
00:49:10,640 --> 00:49:11,920
Speaker 3: A man agreed.

1039
00:49:13,960 --> 00:49:15,799
Speaker 1: Being a Republican, And I don't like that because I'm not.

1040
00:49:15,960 --> 00:49:16,480
Speaker 3: I vote.

1041
00:49:16,719 --> 00:49:19,239
Speaker 1: I voted for Kamala, I voted for Obama. You know,

1042
00:49:19,360 --> 00:49:20,240
Speaker 1: I voted for Biden.

1043
00:49:20,480 --> 00:49:25,279
Speaker 2: I think even that all of that ship, Okay, have

1044
00:49:25,280 --> 00:49:26,120
Speaker 2: not voted for Biden.

1045
00:49:26,640 --> 00:49:29,320
Speaker 1: I did vote for Obama. I don't think I voted

1046
00:49:29,320 --> 00:49:29,760
Speaker 1: that election.

1047
00:49:29,960 --> 00:49:31,320
Speaker 3: To me, all that should is divisive.

1048
00:49:32,120 --> 00:49:33,759
Speaker 1: No, I did vote for Biden. I didn't vote in

1049
00:49:33,800 --> 00:49:34,320
Speaker 1: the Hillary.

1050
00:49:34,560 --> 00:49:37,359
Speaker 3: Well, essentially, I remember growing when I was a kid.

1051
00:49:37,760 --> 00:49:39,920
Speaker 2: You know, when they talked politics in my house and

1052
00:49:40,040 --> 00:49:42,040
Speaker 2: go to my aunt's uncles or whatever. They would talk

1053
00:49:42,040 --> 00:49:44,279
Speaker 2: about politics, but you didn't know where they lean. It

1054
00:49:44,360 --> 00:49:47,440
Speaker 2: was kind of like when COVID with the vaccine stuff. Right,

1055
00:49:47,600 --> 00:49:50,160
Speaker 2: that's your personal business, that's hippo, right, you don't share

1056
00:49:50,200 --> 00:49:52,359
Speaker 2: that ship. You don't what you're supposed to share your

1057
00:49:52,400 --> 00:49:54,920
Speaker 2: political affiliations. Now, it was like what do I disagree

1058
00:49:54,920 --> 00:50:01,839
Speaker 2: with you that shot too, Like the things that they

1059
00:50:01,880 --> 00:50:04,600
Speaker 2: say are taboo for us not to discuss, I think

1060
00:50:04,640 --> 00:50:05,720
Speaker 2: should be open discussions.

1061
00:50:05,719 --> 00:50:07,719
Speaker 1: I'm not gonna lie. I think all employees and this

1062
00:50:08,160 --> 00:50:10,160
Speaker 1: this was my thing even when I worked in corporate America.

1063
00:50:10,560 --> 00:50:12,960
Speaker 1: I hate that it's taboo to talk your salary. I

1064
00:50:13,000 --> 00:50:15,919
Speaker 1: think right now I'm podcasting. The reason why so many

1065
00:50:15,960 --> 00:50:19,000
Speaker 1: people don't know how to negotiate their deals is because

1066
00:50:19,040 --> 00:50:22,359
Speaker 1: a podcasters aren't being truthful about peeing with each other

1067
00:50:22,440 --> 00:50:25,759
Speaker 1: and they're all competing. They don't believe unfortunately, again a

1068
00:50:25,800 --> 00:50:28,200
Speaker 1: problem within our own community. They don't believe that there

1069
00:50:28,280 --> 00:50:30,000
Speaker 1: is enough wealth to be spread around.

1070
00:50:30,320 --> 00:50:31,759
Speaker 4: Or do you think do you think people have a

1071
00:50:31,800 --> 00:50:34,839
Speaker 4: fear of speaking because they'll either because there's traditionally there's

1072
00:50:34,880 --> 00:50:39,080
Speaker 4: a fear of talking about finances. Right, well, they're financially

1073
00:50:39,360 --> 00:50:41,160
Speaker 4: We'll get to that in a second. But then the

1074
00:50:41,239 --> 00:50:43,879
Speaker 4: idea of is there a fear that if I talk

1075
00:50:43,920 --> 00:50:48,640
Speaker 4: about what I make, I'll get played because I undervalued myself.

1076
00:50:48,719 --> 00:50:50,759
Speaker 3: Yes, because you can hear to your point, if I.

1077
00:50:50,680 --> 00:50:52,640
Speaker 4: Did speak about it, I could find I'm.

1078
00:50:52,480 --> 00:50:55,600
Speaker 1: Not even talking about speaking of it in the masses

1079
00:50:55,640 --> 00:50:58,680
Speaker 1: to me. It's speaking with an issue, it's speaking to

1080
00:50:59,200 --> 00:51:02,200
Speaker 1: my peers. I think there's been times where me and

1081
00:51:02,280 --> 00:51:05,359
Speaker 1: Cuddy got hit up for the same deal and I'm like, oh,

1082
00:51:05,440 --> 00:51:07,759
Speaker 1: and she's never not shared with me what she's gotten,

1083
00:51:07,840 --> 00:51:10,120
Speaker 1: and I've seen more because she was honest, Like, girl,

1084
00:51:10,160 --> 00:51:11,719
Speaker 1: don't ask for that, you can get more than that.

1085
00:51:11,920 --> 00:51:14,520
Speaker 1: I know that. They're like and to me, that's how

1086
00:51:14,560 --> 00:51:17,440
Speaker 1: we actually build up our own community is by sharing

1087
00:51:17,480 --> 00:51:19,040
Speaker 1: what we're getting so that we can actually get what

1088
00:51:19,160 --> 00:51:21,960
Speaker 1: are what worth. And what's unfortunate about that is we're.

1089
00:51:21,800 --> 00:51:22,279
Speaker 3: Not doing that.

1090
00:51:22,600 --> 00:51:24,840
Speaker 2: Wow, it doesn't exist because Cuddy don't got to be

1091
00:51:24,880 --> 00:51:28,120
Speaker 2: at the top of the mountain boom in our neighborhoods.

1092
00:51:28,160 --> 00:51:29,200
Speaker 3: Everybody is commised.

1093
00:51:29,200 --> 00:51:31,960
Speaker 2: She want to be at the top, bring the top

1094
00:51:32,120 --> 00:51:35,120
Speaker 2: in our neighborhoods. Everybody's competing. Fact, right, somebody could have

1095
00:51:35,160 --> 00:51:37,359
Speaker 2: a nice car. Nigga be like, oh, yeah, that's shit, dope,

1096
00:51:37,400 --> 00:51:40,080
Speaker 2: but that's a twenty twenty one. I got twenty twenty four.

1097
00:51:41,320 --> 00:51:43,279
Speaker 2: You don't stand what I'm saying, Like, yo, if he

1098
00:51:43,400 --> 00:51:45,400
Speaker 2: fucked oh, I know I could fuck her. We are

1099
00:51:45,480 --> 00:51:49,240
Speaker 2: competing in every single facet of life. So if Mandy

1100
00:51:49,280 --> 00:51:52,600
Speaker 2: could get twenty thousand from this place, and Cuddy got

1101
00:51:52,640 --> 00:51:56,840
Speaker 2: them for thirty. Cutty just a real mom uncle saying, no,

1102
00:51:56,960 --> 00:51:58,800
Speaker 2: get them for thirty, because I got them for thirty.

1103
00:51:58,920 --> 00:52:01,120
Speaker 2: Some niggas can be like the stupid bitch took twenty

1104
00:52:01,120 --> 00:52:02,440
Speaker 2: grand I hit them niggas for thirty.

1105
00:52:02,840 --> 00:52:05,840
Speaker 1: And that's that's unfortunately what we're seeing.

1106
00:52:05,960 --> 00:52:08,800
Speaker 3: That is what is going on with conversations.

1107
00:52:09,120 --> 00:52:12,000
Speaker 1: Financial literacy is one thing, but the idea that we

1108
00:52:12,280 --> 00:52:15,200
Speaker 1: genuinely as a community do not like to talk real

1109
00:52:15,520 --> 00:52:17,040
Speaker 1: about money in general.

1110
00:52:17,080 --> 00:52:20,040
Speaker 3: It's just it's been taught to us that it's taboo.

1111
00:52:20,320 --> 00:52:21,959
Speaker 3: When you on the train and.

1112
00:52:21,920 --> 00:52:25,200
Speaker 2: You hear these two white ladies like, yeah, we sold

1113
00:52:25,200 --> 00:52:27,400
Speaker 2: the house for one point six. I was so upset

1114
00:52:27,480 --> 00:52:29,800
Speaker 2: because because Nancy and them got.

1115
00:52:29,640 --> 00:52:33,239
Speaker 4: One nine on the trainer east side, they.

1116
00:52:33,239 --> 00:52:35,359
Speaker 2: Talking about, y'all, I'm mad that I got one six

1117
00:52:35,440 --> 00:52:37,920
Speaker 2: for the house. Yeah, they don't look at this taboo.

1118
00:52:38,040 --> 00:52:41,920
Speaker 2: We'll tell motherfuckers yeah uh yeah, we yeah, I ate

1119
00:52:41,960 --> 00:52:43,600
Speaker 2: that bitch out. Y'all ain't gonna lie my nigga Da

1120
00:52:43,640 --> 00:52:45,239
Speaker 2: da da da girls talking about they take it in

1121
00:52:45,280 --> 00:52:46,839
Speaker 2: the ass and they do this and they do that.

1122
00:52:46,960 --> 00:52:50,400
Speaker 2: We're more free to talk about our sexual bedlams than

1123
00:52:50,440 --> 00:52:51,960
Speaker 2: we are going to talk about Partey.

1124
00:52:52,200 --> 00:52:54,520
Speaker 1: I agree, and I think and I think though when

1125
00:52:54,520 --> 00:52:58,080
Speaker 1: we lean into money can't buy happiness and all those things,

1126
00:52:58,200 --> 00:53:01,920
Speaker 1: we lean into the other rope that I think is

1127
00:53:02,440 --> 00:53:03,480
Speaker 1: damn it just lost me.

1128
00:53:03,640 --> 00:53:04,560
Speaker 3: Money is a bad thing.

1129
00:53:04,719 --> 00:53:07,680
Speaker 1: No, no, no, no millionaires or fake it till you make it.

1130
00:53:08,120 --> 00:53:11,320
Speaker 1: That part like, there's there's an element of the competition

1131
00:53:11,719 --> 00:53:15,680
Speaker 1: also showing a mass of wealth or showing that you

1132
00:53:15,760 --> 00:53:18,880
Speaker 1: have something that you actually don't, which unfortunately then creates

1133
00:53:19,160 --> 00:53:22,480
Speaker 1: people frauding about what they're getting and not sharing the

1134
00:53:22,520 --> 00:53:25,480
Speaker 1: information that actually could help us pull us up by

1135
00:53:25,480 --> 00:53:27,239
Speaker 1: our bootstraps to go out and get the money that

1136
00:53:27,280 --> 00:53:28,440
Speaker 1: we desire, because.

1137
00:53:29,920 --> 00:53:33,040
Speaker 4: That obviously talks and tries to dismantle taboos.

1138
00:53:33,160 --> 00:53:33,359
Speaker 3: Yeah.

1139
00:53:33,440 --> 00:53:37,120
Speaker 4: Right, So the idea when I was but the idea

1140
00:53:37,280 --> 00:53:40,360
Speaker 4: of money and that being a taboo, right, is that

1141
00:53:40,480 --> 00:53:44,040
Speaker 4: is that something that is changing will change. Is there

1142
00:53:44,040 --> 00:53:47,720
Speaker 4: a reason it's a taboo because it holds instructure.

1143
00:53:47,880 --> 00:53:48,360
Speaker 3: Listen to this.

1144
00:53:48,440 --> 00:53:50,200
Speaker 2: If I tell this girl that I make forty seven

1145
00:53:50,239 --> 00:53:52,200
Speaker 2: thousand dollars a year, so it's a chance she might

1146
00:53:52,239 --> 00:53:54,560
Speaker 2: want to not want to fuck with me. They just

1147
00:53:54,560 --> 00:53:56,239
Speaker 2: said they're not fucking with the dude that brings home

1148
00:53:56,280 --> 00:54:00,600
Speaker 2: four thousands, heymands down. So now the these dudes are

1149
00:54:00,680 --> 00:54:03,160
Speaker 2: sitting around front and wearing fake jewelry in the club,

1150
00:54:03,440 --> 00:54:05,080
Speaker 2: and I hope I could fuck her in three days

1151
00:54:05,080 --> 00:54:06,520
Speaker 2: because I don't have to see in the daytime.

1152
00:54:06,760 --> 00:54:09,120
Speaker 3: Because I ain't wearing this jewelry in the daytime. I'm

1153
00:54:09,120 --> 00:54:12,640
Speaker 3: mad at night. She'll never know, right. I know dudes

1154
00:54:12,680 --> 00:54:14,319
Speaker 3: that work nine to five jobs. This is a real story.

1155
00:54:14,320 --> 00:54:16,400
Speaker 2: I know niggas that work nine to five jobs and

1156
00:54:17,480 --> 00:54:19,719
Speaker 2: they go out and they pull they funds together to

1157
00:54:19,760 --> 00:54:22,800
Speaker 2: buy bottle, and the bottle might be nine hundred dollars

1158
00:54:23,120 --> 00:54:25,879
Speaker 2: two bottles because in New York clubs, if it's four

1159
00:54:25,920 --> 00:54:27,160
Speaker 2: of us, we got buy two bottles.

1160
00:54:27,320 --> 00:54:30,680
Speaker 3: Yep. Right, So now that bill eighteen hundred. Niggas might

1161
00:54:30,800 --> 00:54:32,399
Speaker 3: can't get to work the next week.

1162
00:54:32,560 --> 00:54:33,799
Speaker 1: Niggas won't eat for a week.

1163
00:54:33,960 --> 00:54:36,040
Speaker 2: You get what I'm saying, Like, yo, And that's all

1164
00:54:36,200 --> 00:54:39,000
Speaker 2: to try to impress somebody so that I can look

1165
00:54:39,160 --> 00:54:42,760
Speaker 2: like I live a better lifestyle than what I actually.

1166
00:54:42,840 --> 00:54:44,839
Speaker 1: To answer that, yeah, I agree with them. I don't

1167
00:54:44,880 --> 00:54:47,480
Speaker 1: think we get to a position at all where money

1168
00:54:47,560 --> 00:54:50,960
Speaker 1: becomes a comfortable conversation, and unfortunately it is easier to

1169
00:54:51,040 --> 00:54:55,080
Speaker 1: talk about eating ass or being in a relationship with

1170
00:54:55,239 --> 00:54:57,920
Speaker 1: two women because I can't keep my dick to myself.

1171
00:54:58,040 --> 00:55:00,320
Speaker 1: So I want to open this up and be holly

1172
00:55:00,480 --> 00:55:04,160
Speaker 1: like those conversations where I love where it's pushing.

1173
00:55:04,360 --> 00:55:07,160
Speaker 3: The sexual freedom and the sexual.

1174
00:55:06,880 --> 00:55:11,080
Speaker 1: Freedom and liberation and and reality of what our relationships

1175
00:55:11,200 --> 00:55:14,240
Speaker 1: actually do entail. I think that that is leap years

1176
00:55:14,680 --> 00:55:17,560
Speaker 1: ahead of even where we are in Turkey and talking finances.

1177
00:55:17,600 --> 00:55:19,719
Speaker 1: I do want to real get it really quickly, get

1178
00:55:19,760 --> 00:55:24,560
Speaker 1: into hypocritical me, because god damn it, Yeah, I have

1179
00:55:24,640 --> 00:55:26,279
Speaker 1: a tweet that I don't like that. You just be

1180
00:55:26,360 --> 00:55:31,040
Speaker 1: pulling my tweets like this either from December since twenty

1181
00:55:31,120 --> 00:55:33,959
Speaker 1: twenty three. It says I ended up taking a break

1182
00:55:34,080 --> 00:55:36,440
Speaker 1: on my house hunting this year, but I am very

1183
00:55:36,520 --> 00:55:39,680
Speaker 1: proud to be close to my forty thousand dollars saving goal.

1184
00:55:40,239 --> 00:55:42,719
Speaker 1: This is on top of reaching six figures in my

1185
00:55:42,800 --> 00:55:45,839
Speaker 1: four oh one k this year. I spend slash, enjoy

1186
00:55:46,000 --> 00:55:48,680
Speaker 1: my money, but not enough to not be prepared for

1187
00:55:48,760 --> 00:55:52,040
Speaker 1: a rainy day? Does anyone else use ally.

1188
00:55:52,440 --> 00:55:54,560
Speaker 4: So the context of the context of this one being

1189
00:55:55,520 --> 00:55:56,680
Speaker 4: and this is not you because you.

1190
00:55:56,680 --> 00:55:58,359
Speaker 1: Have a spas tree.

1191
00:55:58,960 --> 00:56:02,520
Speaker 3: This is a sponsor treetweet. I think this actually may

1192
00:56:02,560 --> 00:56:04,440
Speaker 3: have come from honestly, does any want to.

1193
00:56:04,440 --> 00:56:08,239
Speaker 1: Give you back conversations? And also my accountant around the

1194
00:56:08,360 --> 00:56:11,200
Speaker 1: interest like so where again, it was a lot for

1195
00:56:11,360 --> 00:56:15,240
Speaker 1: me to have a savings account, right, and that's because

1196
00:56:15,360 --> 00:56:17,359
Speaker 1: no one in my family me growing up, no one

1197
00:56:17,480 --> 00:56:19,840
Speaker 1: had enough for any day. Savings was like, oh, I

1198
00:56:19,960 --> 00:56:23,480
Speaker 1: finally made it. Hearing to just if you're just keeping

1199
00:56:23,520 --> 00:56:26,560
Speaker 1: money in a regular Chase account or a savings account,

1200
00:56:26,800 --> 00:56:30,719
Speaker 1: you're seeing point zero zero one percent interest on just

1201
00:56:30,800 --> 00:56:32,600
Speaker 1: holding that money there, and you're not seeing agree with

1202
00:56:32,719 --> 00:56:36,200
Speaker 1: all that is giving you four sometimes five percent return

1203
00:56:36,360 --> 00:56:37,200
Speaker 1: on the money that you keep.

1204
00:56:37,280 --> 00:56:41,319
Speaker 4: Not sponsor, this is not She doesn't believe in black

1205
00:56:41,360 --> 00:56:45,440
Speaker 4: banks because she doesn't like she can't trust new institutions

1206
00:56:46,360 --> 00:56:49,279
Speaker 4: they're too new. But she likes Ally. But did you

1207
00:56:49,360 --> 00:56:53,120
Speaker 4: know that Ally has mad lawsuits against it for discriminating

1208
00:56:53,160 --> 00:56:54,759
Speaker 4: against black and Asian folks.

1209
00:56:54,960 --> 00:56:59,520
Speaker 1: Thank you every bank, every bank say at the end

1210
00:56:59,560 --> 00:57:03,920
Speaker 1: of the day, I get five for my money. And

1211
00:57:04,120 --> 00:57:08,000
Speaker 1: so yes, I mean when we're talking about again, that

1212
00:57:08,360 --> 00:57:12,239
Speaker 1: goes into cancel culture of of our morals of who

1213
00:57:12,320 --> 00:57:15,000
Speaker 1: we align with. I said on another episode, I still

1214
00:57:15,080 --> 00:57:17,040
Speaker 1: drink fucking Starbucks and I'm pro palaesier.

1215
00:57:18,440 --> 00:57:21,920
Speaker 2: But there's a cheek Code's a cheat code in your tweet.

1216
00:57:23,000 --> 00:57:25,440
Speaker 2: On top of reaching six figures in my four one

1217
00:57:25,560 --> 00:57:28,360
Speaker 2: K this year, you tweeted that in twenty twenty three

1218
00:57:28,400 --> 00:57:29,480
Speaker 2: you wasn't working corporate.

1219
00:57:30,800 --> 00:57:33,400
Speaker 1: So when you when you exit it, something you add

1220
00:57:33,480 --> 00:57:34,640
Speaker 1: I moved it along still coming.

1221
00:57:34,920 --> 00:57:36,880
Speaker 3: But what I'm saying is you had the discipline enough

1222
00:57:37,320 --> 00:57:41,840
Speaker 3: to just gonna let it cook.

1223
00:57:42,400 --> 00:57:44,680
Speaker 2: So called that finial literacy. You know what happens, it's

1224
00:57:44,760 --> 00:57:49,560
Speaker 2: not it's just following what they told you is the

1225
00:57:49,680 --> 00:57:53,160
Speaker 2: right thing to do. You are giving somebody your money. Yeah,

1226
00:57:53,720 --> 00:57:56,640
Speaker 2: they are investing this money, and they are giving you

1227
00:57:56,960 --> 00:57:59,360
Speaker 2: trash back on the money that they invested and made

1228
00:57:59,440 --> 00:58:01,760
Speaker 2: zillions of dollars from in the form of a four

1229
00:58:01,800 --> 00:58:05,600
Speaker 2: one K, and they sell you this rainbow that well five,

1230
00:58:06,240 --> 00:58:08,440
Speaker 2: you're gonna have one point two million dollars.

1231
00:58:08,800 --> 00:58:10,560
Speaker 3: Nigga might not get the sixty five. I mean, I'm

1232
00:58:10,560 --> 00:58:11,000
Speaker 3: not gonna lie.

1233
00:58:11,040 --> 00:58:15,800
Speaker 1: This is, however, however, no coming coming from point my

1234
00:58:15,920 --> 00:58:19,320
Speaker 1: mom and my dad, I will say both in having

1235
00:58:19,360 --> 00:58:22,200
Speaker 1: a four oh one K where you talked earlier about

1236
00:58:22,680 --> 00:58:26,400
Speaker 1: being able to loan against a mortgage. This is what

1237
00:58:26,640 --> 00:58:29,120
Speaker 1: I've actually been able to see both my mom and

1238
00:58:29,360 --> 00:58:32,240
Speaker 1: dad do within their lifetime is loan against their fall

1239
00:58:32,360 --> 00:58:32,560
Speaker 1: one k.

1240
00:58:32,760 --> 00:58:35,240
Speaker 3: They stopping that too. You said what they stopped it

1241
00:58:35,400 --> 00:58:36,280
Speaker 3: in a bunch of companies.

1242
00:58:36,360 --> 00:58:38,160
Speaker 1: Now, oh, well, my my mom just did it and

1243
00:58:38,280 --> 00:58:38,920
Speaker 1: she's paying back.

1244
00:58:39,160 --> 00:58:40,320
Speaker 3: They want to let my girl do it.

1245
00:58:40,640 --> 00:58:43,160
Speaker 1: Really, I mean, it's probably based on your company, nigga.

1246
00:58:43,160 --> 00:58:47,640
Speaker 1: It's my company I'm saying I can loan against. But yeah,

1247
00:58:47,840 --> 00:58:48,440
Speaker 1: it is changing that.

1248
00:58:48,560 --> 00:58:50,560
Speaker 2: That that yo, we could pull the money for college,

1249
00:58:50,600 --> 00:58:53,400
Speaker 2: we could pull the money for a home purchase. They

1250
00:58:53,480 --> 00:58:56,440
Speaker 2: are changing that ship, which means they are controlling how

1251
00:58:56,560 --> 00:58:59,919
Speaker 2: you even take your money out. They told my girl

1252
00:59:00,320 --> 00:59:02,400
Speaker 2: that the only way she could get the money out

1253
00:59:02,480 --> 00:59:05,600
Speaker 2: is when she left. Oh wow, So what I'm telling

1254
00:59:05,680 --> 00:59:08,480
Speaker 2: you is if you were to take your four one

1255
00:59:08,600 --> 00:59:09,920
Speaker 2: K and you're to put your four one K.

1256
00:59:10,040 --> 00:59:14,800
Speaker 3: And bitcoin right now, you'll be up fifty x. Yeah.

1257
00:59:15,200 --> 00:59:18,560
Speaker 3: The education I'm just giving.

1258
00:59:19,880 --> 00:59:22,000
Speaker 1: If you put it in you to put the niggas

1259
00:59:22,000 --> 00:59:24,240
Speaker 1: that bought the NFTs a couple of years.

1260
00:59:24,040 --> 00:59:25,520
Speaker 3: Ago, that's a different That's okay.

1261
00:59:26,520 --> 00:59:29,200
Speaker 2: What I'm saying is this the financial literacy piece. We

1262
00:59:29,320 --> 00:59:31,600
Speaker 2: feel more comfortable investing with the whites than we do

1263
00:59:31,720 --> 00:59:34,880
Speaker 2: with ourselves. If the white man say, yo, this four

1264
00:59:34,960 --> 00:59:37,160
Speaker 2: one K is where it's at, we're gonna say, yes,

1265
00:59:37,240 --> 00:59:39,320
Speaker 2: the boss, it's we're set, and we're gonna.

1266
00:59:39,080 --> 00:59:39,760
Speaker 3: Put our money there.

1267
00:59:40,840 --> 00:59:43,000
Speaker 2: Okay, I'm not you're not giving me one point two

1268
00:59:43,040 --> 00:59:44,960
Speaker 2: million dollars back on my money that you've been investing.

1269
00:59:45,080 --> 00:59:47,680
Speaker 1: Okay, Well, I love that you've been so smart this

1270
00:59:47,800 --> 00:59:50,800
Speaker 1: whole episode, because I want to shake the table just

1271
00:59:50,840 --> 00:59:53,440
Speaker 1: a little bit, and I do want to give is

1272
00:59:53,640 --> 00:59:56,960
Speaker 1: a financial literacy test right here on air. If you

1273
00:59:57,000 --> 00:59:58,880
Speaker 1: don't mind us routing out this way, I would love

1274
00:59:58,920 --> 01:00:02,080
Speaker 1: to see our financially literate you actually are. So here

1275
01:00:02,160 --> 01:00:04,080
Speaker 1: we go by the way where this is not an AD.

1276
01:00:04,120 --> 01:00:05,440
Speaker 1: But where are we pulling this quiz from?

1277
01:00:05,800 --> 01:00:14,280
Speaker 4: This is FINRA, it's the this is the Financial Financial

1278
01:00:14,400 --> 01:00:15,800
Speaker 4: Industry Regulation Authority.

1279
01:00:15,920 --> 01:00:18,640
Speaker 1: Boom, there we go. Let's let's let's put let's put

1280
01:00:18,720 --> 01:00:21,000
Speaker 1: it to the test real quick. How many questions? So

1281
01:00:21,080 --> 01:00:23,400
Speaker 1: to live about seven seven questions? Let's go.

1282
01:00:23,600 --> 01:00:25,320
Speaker 4: I'll tell you the answers at the end.

1283
01:00:25,440 --> 01:00:28,760
Speaker 1: Okay, all right, So suppose you have one hundred dollars

1284
01:00:28,840 --> 01:00:31,720
Speaker 1: in a savings account earning two percent interests a year.

1285
01:00:32,120 --> 01:00:35,560
Speaker 1: After five years, how much have you earned more than

1286
01:00:35,600 --> 01:00:38,080
Speaker 1: one hundred and two dollars? Exactly one hundred and two dollars,

1287
01:00:38,280 --> 01:00:39,640
Speaker 1: less than one hundred and two, or you don't know,

1288
01:00:39,800 --> 01:00:44,840
Speaker 1: more more than one hundred and two dollars. Okay. Imagine

1289
01:00:44,840 --> 01:00:47,040
Speaker 1: that the interest rate on your savings account is one

1290
01:00:47,080 --> 01:00:49,200
Speaker 1: percent a year and inflation is two percent a year.

1291
01:00:49,640 --> 01:00:52,800
Speaker 1: After one year, would the money in the account buy

1292
01:00:52,880 --> 01:00:54,760
Speaker 1: more than it does today? Exactly the same?

1293
01:00:54,880 --> 01:00:55,200
Speaker 4: Or less?

1294
01:00:55,440 --> 01:00:56,880
Speaker 1: Us? He said less.

1295
01:00:58,400 --> 01:00:59,280
Speaker 3: With confidence too.

1296
01:00:59,440 --> 01:01:03,800
Speaker 1: He's so if interest rates rise, what will typically happen

1297
01:01:03,880 --> 01:01:07,480
Speaker 1: two bond prices rise, falls, stay the same, or there

1298
01:01:07,600 --> 01:01:08,560
Speaker 1: is no relationship.

1299
01:01:10,640 --> 01:01:13,360
Speaker 3: No, it depends what it depends. Not one of the answers.

1300
01:01:13,360 --> 01:01:14,120
Speaker 3: I know, asshole.

1301
01:01:14,800 --> 01:01:17,240
Speaker 2: What's happened now right now is the bomb market is

1302
01:01:17,280 --> 01:01:18,720
Speaker 2: in the trash for one of the first times in

1303
01:01:18,760 --> 01:01:20,880
Speaker 2: the United States history, the bond market is coca.

1304
01:01:21,320 --> 01:01:23,000
Speaker 3: Interest rates are higher.

1305
01:01:25,000 --> 01:01:25,960
Speaker 1: So there's a relationship.

1306
01:01:26,000 --> 01:01:29,120
Speaker 3: You're saying, yeah, but I'm gonna put.

1307
01:01:31,280 --> 01:01:39,160
Speaker 1: Multiple choice. You got two out of five fall? Okay?

1308
01:01:41,600 --> 01:01:43,480
Speaker 1: True or false? Oh, this is fifty fifty. You better

1309
01:01:43,520 --> 01:01:46,800
Speaker 1: get this. A fifteen year mortgage typically requires higher monthly

1310
01:01:46,880 --> 01:01:49,600
Speaker 1: payments than a thirty year mortgage, but the total interest

1311
01:01:49,720 --> 01:01:53,040
Speaker 1: over the life of the loan will be less. That's true,

1312
01:01:54,040 --> 01:01:56,600
Speaker 1: all right. Three more questions, true or false?

1313
01:01:56,640 --> 01:01:56,960
Speaker 3: I love it.

1314
01:01:57,080 --> 01:02:00,280
Speaker 1: Buying a single company's stock usually provides a stay for

1315
01:02:00,280 --> 01:02:04,320
Speaker 1: a return than a stock mutual false. False. I don't

1316
01:02:04,400 --> 01:02:07,360
Speaker 1: like that. You like really? Think you just you better

1317
01:02:07,400 --> 01:02:11,040
Speaker 1: have one hundred percent. Suppose you owe one hundred Suppose

1318
01:02:11,120 --> 01:02:13,440
Speaker 1: you owe one thousand dollars on a loan and the

1319
01:02:13,560 --> 01:02:16,920
Speaker 1: interest rate you are charged is twenty percent per year

1320
01:02:17,160 --> 01:02:19,120
Speaker 1: compounded annually. Oh my god, this takes me back to

1321
01:02:19,200 --> 01:02:22,760
Speaker 1: my accounting degree. If you didn't pay anything off at

1322
01:02:22,800 --> 01:02:24,760
Speaker 1: this interest rate, how many years would it take for

1323
01:02:24,840 --> 01:02:26,280
Speaker 1: the amount you owe to double?

1324
01:02:28,640 --> 01:02:28,960
Speaker 4: Give them?

1325
01:02:29,000 --> 01:02:33,840
Speaker 1: Give two years, two to five years? Wait, nope, because

1326
01:02:33,840 --> 01:02:36,560
Speaker 1: there's two to five, five to nine, ten or more

1327
01:02:36,720 --> 01:02:40,040
Speaker 1: or you don't know. So you saying five answers two

1328
01:02:40,080 --> 01:02:40,360
Speaker 1: of them.

1329
01:02:40,720 --> 01:02:42,640
Speaker 3: No, I said five to nine. It's the rule of

1330
01:02:42,720 --> 01:02:45,840
Speaker 3: seventy two. Okay, wait, wait, wait, let me fix that

1331
01:02:47,160 --> 01:02:48,280
Speaker 3: divided by seventy two.

1332
01:02:50,360 --> 01:02:56,400
Speaker 1: Huh, look at you knowing rules and shit. Okay, okay,

1333
01:02:56,520 --> 01:02:58,479
Speaker 1: keep going carrot to one.

1334
01:03:00,720 --> 01:03:04,560
Speaker 3: So stupid. It's two to four twoti four All right,

1335
01:03:05,960 --> 01:03:07,560
Speaker 3: question wait, wait, oh.

1336
01:03:09,240 --> 01:03:12,720
Speaker 4: Hey, it's two to four's final answer.

1337
01:03:12,760 --> 01:03:16,640
Speaker 1: Final answer and last and hopefully y'all are following along

1338
01:03:16,720 --> 01:03:19,360
Speaker 1: and answering these as well. Which of the following indicates

1339
01:03:19,360 --> 01:03:23,040
Speaker 1: the highest probability of getting a particular disease? There is

1340
01:03:23,120 --> 01:03:26,120
Speaker 1: one and twenty chance of getting the disease, two percent

1341
01:03:26,280 --> 01:03:29,720
Speaker 1: of the population will get the disease, twenty five out

1342
01:03:29,760 --> 01:03:31,520
Speaker 1: of every thousand people will get.

1343
01:03:31,440 --> 01:03:34,800
Speaker 4: The disease, the disease or you do not know, hold on,

1344
01:03:34,920 --> 01:03:36,080
Speaker 4: let me do the math in my brain.

1345
01:03:36,480 --> 01:03:39,080
Speaker 1: One in twenty chance, one in twenty is five percent,

1346
01:03:39,440 --> 01:03:43,480
Speaker 1: two percent of the population A lot of motherfuckers.

1347
01:03:44,000 --> 01:03:51,080
Speaker 3: Twenty five out of a thousand is I think two

1348
01:03:51,120 --> 01:03:54,840
Speaker 3: point five zero point four. So what do you what?

1349
01:03:55,640 --> 01:03:56,800
Speaker 4: You can't be voting a friend.

1350
01:03:58,520 --> 01:04:00,520
Speaker 1: Which which of the following indicat it is the highest

1351
01:04:00,560 --> 01:04:05,360
Speaker 1: probability then the first one, the first one, one and

1352
01:04:05,480 --> 01:04:07,440
Speaker 1: twenty chance of getting the disease?

1353
01:04:07,680 --> 01:04:09,960
Speaker 4: All right, and the results will tell you kind.

1354
01:04:09,840 --> 01:04:12,640
Speaker 1: Of Let's go to the results to see if it's

1355
01:04:12,640 --> 01:04:13,600
Speaker 1: just financially literate.

1356
01:04:14,000 --> 01:04:20,640
Speaker 3: Boom, yeah, really know you be talking about So we

1357
01:04:20,760 --> 01:04:22,880
Speaker 3: need to give some of these other financial.

1358
01:04:25,280 --> 01:04:29,800
Speaker 1: Podcast classes all about the mask, but also real quick.

1359
01:04:29,880 --> 01:04:31,120
Speaker 4: So he got seven out of seven.

1360
01:04:31,320 --> 01:04:31,480
Speaker 3: Yes.

1361
01:04:31,960 --> 01:04:34,640
Speaker 4: National average with this test is people getting three point

1362
01:04:34,680 --> 01:04:36,120
Speaker 4: two correct how much?

1363
01:04:36,400 --> 01:04:38,600
Speaker 3: Three? Yeah?

1364
01:04:39,000 --> 01:04:41,880
Speaker 1: Okay, so they're about almost halfway literate.

1365
01:04:41,960 --> 01:04:44,560
Speaker 3: There you go. If you want financial advice, how to

1366
01:04:44,600 --> 01:04:49,920
Speaker 3: get your financial ideas?

1367
01:04:50,000 --> 01:04:55,560
Speaker 1: That okay? I will say, Now, what have I changed

1368
01:04:55,600 --> 01:04:57,680
Speaker 1: my mind? Maybe just a little bit. On the home buying,

1369
01:04:58,200 --> 01:05:02,000
Speaker 1: I will say, especially because we have conversations about multifamily

1370
01:05:02,080 --> 01:05:04,320
Speaker 1: home purchases. Don't you.

1371
01:05:06,040 --> 01:05:06,960
Speaker 3: Been making this argument?

1372
01:05:10,920 --> 01:05:11,360
Speaker 1: Shut up?

1373
01:05:11,920 --> 01:05:12,360
Speaker 3: Shut out?

1374
01:05:13,480 --> 01:05:15,800
Speaker 1: So I have potentially changed my mind, And I wonder

1375
01:05:15,960 --> 01:05:19,240
Speaker 1: if any of you guys have to So where are

1376
01:05:19,240 --> 01:05:22,480
Speaker 1: we staying on all this you were saying? And I

1377
01:05:22,640 --> 01:05:24,400
Speaker 1: like to do a quick recap of what you know?

1378
01:05:24,800 --> 01:05:26,760
Speaker 1: My guests say, you say you're not giving back to

1379
01:05:26,800 --> 01:05:29,560
Speaker 1: the community for them niggas anything to do with the

1380
01:05:29,640 --> 01:05:30,320
Speaker 1: money they get.

1381
01:05:30,520 --> 01:05:32,520
Speaker 3: I didn't see anything of this sort.

1382
01:05:33,600 --> 01:05:36,840
Speaker 1: What hey, Ki, what else did you hear him saying that.

1383
01:05:37,200 --> 01:05:38,360
Speaker 3: We got work to do?

1384
01:05:39,000 --> 01:05:39,160
Speaker 1: Oh?

1385
01:05:39,280 --> 01:05:41,200
Speaker 3: That's what I guess. You got a lot of work

1386
01:05:41,240 --> 01:05:41,400
Speaker 3: to do.

1387
01:05:41,520 --> 01:05:43,640
Speaker 2: And I'm glad he At first, I was like, damn,

1388
01:05:43,680 --> 01:05:46,400
Speaker 2: it's gonna come in here and just light fire and ship.

1389
01:05:46,600 --> 01:05:48,080
Speaker 3: But he's we got work to do.

1390
01:05:49,080 --> 01:05:50,880
Speaker 2: Give us the tools too, and we gotta one of

1391
01:05:50,920 --> 01:05:52,480
Speaker 2: the one of the biggest layers is we got to

1392
01:05:53,000 --> 01:05:56,960
Speaker 2: remove the self sabotage of mistrust and we have to

1393
01:05:57,000 --> 01:05:57,760
Speaker 2: seek information.

1394
01:05:58,160 --> 01:06:00,840
Speaker 1: And he said all skin folks can't folks. Well, yeah,

1395
01:06:01,360 --> 01:06:04,600
Speaker 1: that part I mean, you know, and basically so I

1396
01:06:04,680 --> 01:06:07,920
Speaker 1: do have a question for the audiences. Well, after our conversation,

1397
01:06:08,480 --> 01:06:11,160
Speaker 1: has your mind changed? Do you think it's better to

1398
01:06:11,280 --> 01:06:14,360
Speaker 1: buy than to rent, no matter the financial environment, or

1399
01:06:14,480 --> 01:06:17,480
Speaker 1: do you think reparations won't help our community at all?

1400
01:06:17,800 --> 01:06:19,480
Speaker 1: I want you all to share your answers and the

1401
01:06:19,560 --> 01:06:23,440
Speaker 1: comments over on our social media page, especially the discord,

1402
01:06:23,560 --> 01:06:27,400
Speaker 1: and over on our Patreon, where again we have more

1403
01:06:27,520 --> 01:06:31,520
Speaker 1: of these very thought provoking conversations and we accept your

1404
01:06:31,600 --> 01:06:34,800
Speaker 1: bullshit opinions, so you can lean into your selective ignorance

1405
01:06:35,280 --> 01:06:39,000
Speaker 1: or choose to be educated. Either way, we will see

1406
01:06:39,200 --> 01:06:42,560
Speaker 1: you next week and y'all can always catch ish dropping

1407
01:06:42,680 --> 01:06:47,000
Speaker 1: these gems over on the job. But podcasts is thank

1408
01:06:47,040 --> 01:06:48,680
Speaker 1: you for joining me, and next year I'll get a

1409
01:06:48,680 --> 01:06:49,360
Speaker 1: goddamn house.

1410
01:06:49,840 --> 01:06:57,240
Speaker 5: Okay, fuck, thanks for tuning in the selective ignorance of

1411
01:06:57,320 --> 01:07:00,600
Speaker 5: Mandy b. Selective ignorance. It's executive produced to Buy Mandy B.

1412
01:07:00,800 --> 01:07:03,680
Speaker 5: And it's a Full Court Media studio production with lead

1413
01:07:03,760 --> 01:07:05,400
Speaker 5: producers Jason Mondriguez.

1414
01:07:05,520 --> 01:07:06,880
Speaker 1: That's me and Aaron A.

1415
01:07:07,080 --> 01:07:07,640
Speaker 3: King Howard.

1416
01:07:07,720 --> 01:07:10,680
Speaker 5: Now, do us a favor and rate, Subscribe, comment and

1417
01:07:10,800 --> 01:07:13,880
Speaker 5: share wherever you get your favorite podcasts, and be sure

1418
01:07:13,920 --> 01:07:18,600
Speaker 5: to follow Selective Ignorance on Instagram at Selective Underscore Ignorance.

1419
01:07:18,640 --> 01:07:20,960
Speaker 5: And of course, if you're not following our hosts Mandy B,

1420
01:07:21,320 --> 01:07:23,360
Speaker 5: make sure you're following her at full Court Pump.

1421
01:07:23,480 --> 01:07:23,560
Speaker 1: Now.

1422
01:07:23,600 --> 01:07:26,360
Speaker 5: If you want the full video experience of Selective Ignorance,

1423
01:07:26,520 --> 01:07:29,439
Speaker 5: make sure you subscribe to the Patreon It's patreon dot

1424
01:07:29,560 --> 01:07:32,320
Speaker 5: com backslash Selective Ignorance