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Speaker 1: Yeah, get get no boys, it's back and reloaded all

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Speaker 1: in your mind. Yeah, and now deep throating. This is

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Speaker 1: for the streets, the reel, the railroading, the disenfranchise, the truth,

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Speaker 1: the scapegoating. And they ain't knowing we speak the truth,

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Speaker 1: so they ain't quoted because we wrote it. The North

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Speaker 1: South East coat g b my, keeping your head bobbing.

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Speaker 1: It ain't no stopping. It wants to be drips head

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Speaker 1: by then the system is so corrupt they throw the

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Speaker 1: rock out of their heads and then blame it on us.

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Speaker 1: Don't get it twisted on code and we danceing for

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Speaker 1: no Buttoment biscuits. Yeah, yeah, yeah, it's Willie d y'all

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Speaker 1: scar faces in the building. Collectively we are the ghetto boys,

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Speaker 1: reloaded with load of episode of information and instructions to

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Speaker 1: help you get through this wild, crazy, beautiful world. In

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Speaker 1: the studio. Credit expert, uh, financial advisor, I don't know

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Speaker 1: about it. You know, financial strategist, and that is to

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Speaker 1: make sure that you don't get caught. Okay, so financial strategists, Okay,

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Speaker 1: Wealth expert. Can I say that I gotta put some

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Speaker 1: big stuff down there? Okay? Okay, we are we are

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Speaker 1: around tree is in the building. Is in the building.

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Speaker 1: Mr brown Tree, what is a wealth expert? I guess

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Speaker 1: someone who has a couple can't. Man, this is your title.

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Speaker 1: You know what's so interesting? I don't even like titles.

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Speaker 1: Don't get more people say, like the credit King and

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Speaker 1: all of that. That's a moniker. People have actually given

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Speaker 1: me because I was one of the first to really

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Speaker 1: start hashtag and credit is King having trademarked and everything,

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Speaker 1: and so it just kind of stuck with me, and

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Speaker 1: so m I just let the people pay whatever, you know,

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Speaker 1: longest it's respectful. I'm good with it, but I try

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Speaker 1: to stay away from those monikers. Wow, Before I go

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Speaker 1: any further, man, I just want to say thank you

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Speaker 1: on a personal note, appreciate that for repairing my credit

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Speaker 1: credit man ship my list. Man, My credit was so bad,

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Speaker 1: bro that I didn't even care to look at it,

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Speaker 1: like like, listen, bro. It was like if I went

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Speaker 1: into any type of place, uh to like that required credit,

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Speaker 1: alarms will go off. Get this motherfucker out of Everybody

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Speaker 1: has a challenge with credit at some point in time.

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Speaker 1: You know. You know what, man, I think that for me,

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Speaker 1: I'm trying to think. I think I saw I may

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Speaker 1: have saw you on probably was it was it? Maybe

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Speaker 1: it probably was through J Morrison first and then and

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Speaker 1: I was like, you know, I just reached out. It's like,

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Speaker 1: you know, I know my stuff is jacked up and

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Speaker 1: I know I want to do better. And I was like,

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Speaker 1: and I reached out to you, and then we just

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Speaker 1: connected and it's been on sense. But here's the cool

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Speaker 1: thing about when I used him, And I want to

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Speaker 1: say this right now, put this this claim out here

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Speaker 1: right now. I ain't get no money out of this,

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Speaker 1: all right. I already got my money out of it

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Speaker 1: by him helping me out with credit repair. But uh,

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Speaker 1: what he did. He didn't just repair my credit because

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Speaker 1: I've had my credit repair many times and I missed

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Speaker 1: it right back up. He educated me on credit. He

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Speaker 1: actually educated me and told me what it was that

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Speaker 1: was affecting my credit and how to make sure that

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Speaker 1: I don't go down down the same pats. And that's

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Speaker 1: that's how I got my credit healthy. And once that happened, man,

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Speaker 1: now I'm like, man, if I get a bill about anything,

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Speaker 1: I'd be like, man, man, hey man, how much that's all?

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Speaker 1: That's it? That's it. Because I'm trying to keep my

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Speaker 1: stuff right now. In the past, I remember, like you

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Speaker 1: remember when they used to when they first started living,

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Speaker 1: your bottled water to your door. They used to deliver

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Speaker 1: my bottle of water to my front door, and I

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Speaker 1: would tell them to put it in the back because

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Speaker 1: if I'm not home, I don't want anybody to think

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Speaker 1: or know that. So I'm like, uh, put it in

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Speaker 1: the back, and they kept on putting it in the front.

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Speaker 1: So I said, you know what, I ain't paying these

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Speaker 1: motherfucker you know. So I decided I wasn't gonna pay them.

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Speaker 1: The bill was only five bucks. That five bucks cost

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Speaker 1: me forty points on my credit. A dollar can hurt

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Speaker 1: your credit score. Yeah, it tripped me out, But that

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Speaker 1: still didn't teach me a lesson because at I still

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Speaker 1: didn't care about the credit that much because I felt

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Speaker 1: like I got money, right, So if I got money,

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Speaker 1: I don't need their credit. You know what I'm saying,

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Speaker 1: I buy what I want. I'm gonna get what I

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Speaker 1: wanted with Okay, I'll pay a little bit more. So

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Speaker 1: what we don't understand how much more we pay. Well,

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Speaker 1: that's the misconception when we don't have good credit in

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Speaker 1: our community. You know, we've we've come up with these

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Speaker 1: terms like cash rules everything around me. But people really

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Speaker 1: don't know the power of credit. You know, I can

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Speaker 1: give you a hundred thousand, and I can have an

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Speaker 1: eight hundred credit score. My a fifty gonna outlast a

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Speaker 1: hundred thousand because I can go to tim Banks and

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Speaker 1: go get a hundred thousand. And that's the part about

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Speaker 1: credit that people really don't understand. It's the power of it,

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Speaker 1: not the credit itself. Right, man, how did you get

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Speaker 1: turned on the credit in the first place? What made

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Speaker 1: you want to say, Look, this is the path I'm

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Speaker 1: gonna take. I could take any path, and I can

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Speaker 1: go and be an entrepreneur and and and you know,

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Speaker 1: start a bus company. I can go and uh pursue

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Speaker 1: being a rapper like every other person in the world.

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Speaker 1: You know, actually tried to so it didn't work, but

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Speaker 1: you were trying to wrap. Yeah, first my rap name sucked.

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Speaker 1: It was credit scored. Now he wasn't on the credit

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Speaker 1: at that time. It was called mercenary. I was murdering

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Speaker 1: the bar. It's kind of bad mercenary. That's terrible. That's

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Speaker 1: why stop mercenary. That's why killing it. That's that's the

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Speaker 1: that was the angle. It was a metaphor. Okay, so

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Speaker 1: give him a rap name, Brad, give everybody a nickname.

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Speaker 1: Give a rap knack. Uh, give me two minutes. I

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Speaker 1: had one. So so explained that how did you decide

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Speaker 1: to go into credit? So it started off really a

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Speaker 1: personal need. You know, I grew up in Milwaukee, and

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Speaker 1: it went from Milwaukee Milwaukee, Wisconsin. And so I had

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Speaker 1: a mentor who had was just always sharing information with me,

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Speaker 1: and one day he said, credit eventually will become the

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Speaker 1: new dollar. I didn't know what he meant by that.

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Speaker 1: Now it is so and that's how I don't doubt.

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Speaker 1: I moved to Las Vegas in two thousand and five,

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Speaker 1: and I couldn't rent an apartment without putting three four

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Speaker 1: times the deposit down, couldn't buy a car without putting

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Speaker 1: down and interest rate uh. And so I was like,

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Speaker 1: you know what, it has to be something to this

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Speaker 1: credit thing. And then I just started researching and learning

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Speaker 1: what wealthy people knew that we didn't know because a

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Speaker 1: lot of times we think wealthy people are lucky. No,

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Speaker 1: they have different information to us. And a lot of

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Speaker 1: the information kept coming back to this thing called leveraging.

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Speaker 1: Your credit. And so as I started researching and learning,

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Speaker 1: and then I heard Robert Kiyosaki, who wrote the book

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Speaker 1: Rich Dad, Poor Dad, talk about how he bought his

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Speaker 1: first investment property using a credit card, and it blew

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Speaker 1: my mind because I'm like, man, they're not teaching us

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Speaker 1: this ship in school. My parents never taught me about it.

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Speaker 1: Nobody on my block, the o g s the oldhad.

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Speaker 1: So I started really learning about credit. And then, you know,

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Speaker 1: coming from Milwaukee, me owning a him, I never could

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Speaker 1: even imagine that. And then I remember I was able

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Speaker 1: to buy a house around two thousand and twelve. I

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Speaker 1: was able to buy a newer vehicle, you know, without

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Speaker 1: putting any money down, because we were always taught you

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Speaker 1: gotta put money down on the car in Las Vegas.

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Speaker 1: And how do you how does one get from the streets,

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Speaker 1: the main streets of Milwaukee to Las Vegas. Well, first

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Speaker 1: I went just with a dollar and a dream, you know.

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Speaker 1: I moved out there to become an entrepreneur, to go

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Speaker 1: after and kind of chase my dream. We're not kind

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Speaker 1: of to chase my dreams. I found out that ship

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Speaker 1: is hard. It's like anytime you're striving for any level

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Speaker 1: of excellence. It's hard, and I tell people, but so

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Speaker 1: is being poor hard. You know. I'd rather work hard

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Speaker 1: to go after what it is that I want. And

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Speaker 1: so just from my level of determination and ambition and drive,

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Speaker 1: like all of those things that I feel Milwaukee instilled

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Speaker 1: in me. Uh, that's how I was able to get

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Speaker 1: to that position of being homeless to being able to

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Speaker 1: own a home, you know, and I brought several jobs homes.

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Speaker 1: I slept in my car, yeah, like homeless, homeless in

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Speaker 1: the car I had. I was hiding from the Repo man.

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Speaker 1: I didn't I couldn't even afford to get the vehicle registered.

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Speaker 1: I was driving around on paper plates for a year. Yeah.

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Speaker 1: Because one of the things, again going back to information,

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Speaker 1: when I moved to Las Vegas, seeing Milwaukee, you buy

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Speaker 1: a vehicles, it was forty dollars to register your vehicle.

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Speaker 1: When you moved to Vegas, you pay based upon the

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Speaker 1: M s r P of the vehicle, and so I

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Speaker 1: think my registration fee would have been like four hundred bucks.

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Speaker 1: I didn't have it, you know, so then my insurance laps.

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Speaker 1: I mean, I was in a bad situation. But here's

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Speaker 1: the thing, Well, like I never felt poor again, because

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Speaker 1: I always knew that that situation was temporary. So what

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Speaker 1: was your dream when you went to Vegas? Went drive

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Speaker 1: you to Vegas in the first place. So how I

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Speaker 1: got to Las Vegas. I was in a network marketing

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Speaker 1: company back in Milwaukee. For those who don't know network

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Speaker 1: marketing mL M. I was doing direct sales and I

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Speaker 1: had achieved some success, uh, just from a title standpoint,

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Speaker 1: because a lot of times these network marketing companies, it's

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Speaker 1: title driven. You don't always make money, right, I had

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Speaker 1: at all. I had everything on my on my suit

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Speaker 1: jacket and meanwhile, your account is in the negative. No,

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Speaker 1: I didn't make any money. But the thing that I

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Speaker 1: did learn Brad was personal development. And that's that was

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Speaker 1: my currency right there, because it changed my life. And so, uh,

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Speaker 1: my mentor at the time was like, well, we're building

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Speaker 1: the organization in Las Vegas. Uh, you know, have you

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Speaker 1: thought about moving? And I wanted to get out of

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Speaker 1: Milwaukee at the time, and so I was like, yeah,

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Speaker 1: I go. You know, a single no kids, I really

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Speaker 1: had nothing holding me in Milwaukee. I didn't have any money.

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Speaker 1: So he was like, look, I'll loan you a couple

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Speaker 1: of hundred bucks. So He literally borrowed me five hundred dollars.

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Speaker 1: That's all I had to my name, and that ship

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Speaker 1: had to last and how did you I don't remember.

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Speaker 1: It probably was gone by the time I got off

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Speaker 1: the plane. Because I had to find somewhere to stay

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Speaker 1: food like somebody would who was within our organization. He

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Speaker 1: was able to he let me uh rent a room

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Speaker 1: from him for a while. So that's how I was

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Speaker 1: able to get on my feet. And that's when you

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Speaker 1: got your car after you got Yeah, so I was

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Speaker 1: able to get a car. I knew nothing about the

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Speaker 1: vehicle buying purchase process. All I know my interest rate

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Speaker 1: was probably like the robbery, you know. And I never

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Speaker 1: even made a payment. This was two thousand and five. No,

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Speaker 1: I never made a payment on the vehicle. I didn't

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Speaker 1: have a job because that's what I was, from a

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Speaker 1: repo man, because I went out there like I was.

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Speaker 1: Definitely because think about like when you make plans, you

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Speaker 1: never assume it's not gonna go that way. So when

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Speaker 1: I moved to Vegas, I'm staying in this room, I

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Speaker 1: go buy a vehicle, I'm assuming, Okay, something's gonna shake

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Speaker 1: from me. None of that should happened would they say

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Speaker 1: Murphy's law. Anything that can go bad will And so

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Speaker 1: I wasn't able to find work, Like nothing aligned, and

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Speaker 1: so that's why I was never able to have money

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Speaker 1: to make a payment. I couldn't register the vehicle of course,

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Speaker 1: didn't have insurance. So now my license is suspended. I

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Speaker 1: got a warrant, Like it was all warrant. Yeah, how

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Speaker 1: did you? How did youually dub yourself out of that hole? Man?

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Speaker 1: But what did you do to dig yourself out of

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Speaker 1: this whole? Like that's where that personal development kicks in, Like,

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Speaker 1: think about this absolutely. So you guys being legend dairy artist,

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Speaker 1: take that off the table. But go ahead. I'm sure

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Speaker 1: there was a period of time where the money didn't

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Speaker 1: align with the output of the and they hit a

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Speaker 1: few hubs. So what got you through that? Drive? Me? Drive?

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Speaker 1: That's personal development. What about the hustle? You gotta have hustle.

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Speaker 1: That's part of personal development. You can't have drive without hustle. Period.

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Speaker 1: So me and really got the same thing. That's personal

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Speaker 1: personal development. You dug yourself out of that. I had

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Speaker 1: to because I wasn't going back to Milwaukee. Well, I

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Speaker 1: told myself I would I would rather live in Vegas

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Speaker 1: and a shelter than go back, because I don't give

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Speaker 1: up on nothing. But you saw those lights in Vegas outside,

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Speaker 1: and that was a different still live out there. In

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Speaker 1: the sixteen years he got back, got back thirty houses

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Speaker 1: in Vegas. I mean, I got a little something. Come on,

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Speaker 1: we can't we can't get that. You can't over there

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Speaker 1: right now, man, we can't. Man, this this guy is incourageable. Man,

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Speaker 1: this guy is incouragiable. We're gonna have to look that

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Speaker 1: up after Yeah, this this guy man, Yeah, incourageable. Yeah

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Speaker 1: a man, I love you too, dog. So you dig

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Speaker 1: yourself out the hole, man, and then you go to

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Speaker 1: Vegas and you buy a multitude of houses on credit.

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Speaker 1: Right but wait a minute, though you can't pay your

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Speaker 1: car note, you got a warring out for your arrest.

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Speaker 1: You dig yourself out of that hole and you come up.

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Speaker 1: You learn about credit. Correct, you fix your credit. Yeah,

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Speaker 1: that was a two year process to your process. You

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Speaker 1: fixed your credit. So tell me this what was ahead?

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Speaker 1: What was it step though? To fix your credit? The

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Speaker 1: first thing is getting out of the denial. I have

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Speaker 1: to look at it like it's so crazy that I

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Speaker 1: know people who carry pistols who do all this stuff,

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Speaker 1: but they're scared to look at their credit. I don't

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Speaker 1: want to see it. So I had to get out

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Speaker 1: of that denial, because again we've been conditioned to think

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Speaker 1: that credit is negative. Remember Big Mama told his credit

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Speaker 1: was bad. I didn't know that. That's what the consensus

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Speaker 1: was in our house. And there is a a negative

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Speaker 1: type of thing that comes with having credit or asking

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Speaker 1: for credit in the hood, because I always associated credit

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Speaker 1: with begging. I was like, with begging you know fast,

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Speaker 1: It's like, you know, in the neighborhood. You can go

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Speaker 1: to any story in the neighborhood, and that's certain people

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Speaker 1: have them credit with with the story with the corner

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Speaker 1: store right whatever time dos. So I always thought, like,

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Speaker 1: you know, it's all credit. I mean, you know we

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Speaker 1: have we got you got hood credit card, store credit,

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Speaker 1: and then you have bank credit and all that kind

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Speaker 1: of stuff. Well, I always associated with having to go

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Speaker 1: ask for something because I couldn't afford I didn't have

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Speaker 1: the cash you did. So I was always under deception

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Speaker 1: that if you can't have you can't If you can't

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Speaker 1: pay cash, you can't afford it. Right, think about it

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Speaker 1: on every level of success. There's credit. Think about it.

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Speaker 1: When you're in the street, like you say, street credit

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Speaker 1: or hood credit. When you're going to do something on consignment,

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Speaker 1: that's what that's credit. When you get a deal from

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Speaker 1: a label, that's what that's really credit. You gotta pay

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Speaker 1: that back what they call it an advance. Yeah, that's

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Speaker 1: they But so we've been using credit all the time.

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Speaker 1: We just again that's why I say it's really been

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Speaker 1: uh they've they've conditioned us to look at that level

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Speaker 1: of credit as it being negative. Because once you understand

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Speaker 1: how that credit can be leveraged, as I often talk

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Speaker 1: to people about it, it opens up so many doors.

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Speaker 1: They don't want us to know that side of it.

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Speaker 1: So let me give you a scenario. Here. We have

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Speaker 1: consumer WI A who wants to buy a car, and

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Speaker 1: consumer A has a let's say seven credit score. Consumer

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Speaker 1: B wants to buy a car. Consumer B has a five,

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Speaker 1: which is which is which is horrible? Right? So you

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Speaker 1: got bad and then you got work good? Yeah, okay, okay,

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Speaker 1: So they both go in to buy a car. What's

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Speaker 1: the difference in uh in interest rate and the amount

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Speaker 1: of money that one might be like it to put down? Right?

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Speaker 1: So consumer A you go to the dealership, good credit,

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Speaker 1: You're probably not putting any money down. You may get

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Speaker 1: an interest rate anywhere from zero percent to maybe three,

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Speaker 1: which means you have more purchasing power. So now consumer

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Speaker 1: A can go to the dealership and get a vehicle

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Speaker 1: let's say thirty grand and their payment and don't quote

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Speaker 1: me on this, so don't be in my d MS people. Uh,

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Speaker 1: their payment maybe let's just say five hundred bucks. Okay,

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Speaker 1: Consumer B goes bad credit, he's off top, have to

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Speaker 1: put down ten tot period. On top of that, your

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Speaker 1: interest rate is gonna be and the term of the

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Speaker 1: loan is going to be shorter. So for that same

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Speaker 1: thirty tho allar vehicle, your payment maybe eight hundred bucks.

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Speaker 1: And you came out and you came out of pockets.

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Speaker 1: See that's what I didn't get earlier on. You know,

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Speaker 1: like when you start adding that money up over the years,

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Speaker 1: and then you you really start, if you're honest with yourself,

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Speaker 1: you really start feeling dumb, right, real talk. And so

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Speaker 1: for me, when I finally got mine together, man, I

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Speaker 1: mean it was like it's like being born again. It's

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Speaker 1: night and day different. When you got walk different, man, Yeah,

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Speaker 1: you and you walk into the places. See back in

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Speaker 1: the day, I would just walk in and because I

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Speaker 1: had the money, you know, I was still walk in

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Speaker 1: with a certain type of attitude because I know I

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Speaker 1: could buy whatever I wanted. So you, no matter what,

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Speaker 1: a lot of businesses, man, I'm talking about major businesses

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Speaker 1: that that that money didn't come out of their pocket

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Speaker 1: actually take our loans. They actually had decent credit to

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Speaker 1: take our loans to build this hotel or a body

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Speaker 1: a body's call out or whatever. Like, you have to

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Speaker 1: have credit. Percent of the top five Fortune five companies

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Speaker 1: use credit. And that's because that's because people don't understand.

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Speaker 1: It's term called structured debt is something as we talk about,

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Speaker 1: meaning people see, we just get conditioned to think, Okay,

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Speaker 1: it's gonna cost me X amount of dollars to buy that,

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Speaker 1: but I have to use debt to buy that. I

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Speaker 1: don't want them to do with that, not knowing that

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Speaker 1: understand that debt is now an asset that's making me

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Speaker 1: ten percent on the money that I have to borrow. See,

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Speaker 1: we don't understand how money work in the community. We

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Speaker 1: just understand the word debt, not knowing that there's good

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Speaker 1: debt and bad debt, it's called structured debt and unstructured debt,

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Speaker 1: and a black community were only familiar with unstructured debt,

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Speaker 1: meaning we go buy a house we can't afford. We

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Speaker 1: go buy a car that we can't afford to impress

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Speaker 1: people who don't like us. Never mind me, I'm looking

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Speaker 1: up something, right, Yeah, So that's that's why people don't

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Speaker 1: understand that. So yes, So one, when when an investment

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Speaker 1: team goes and purchase a hotel, they're not using cash,

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Speaker 1: they're using credit. Question when you go to clean credit, like, well,

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Speaker 1: what's the process? Like you've seen your ship and then

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Speaker 1: the people send your left back saying what do you do? Well,

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Speaker 1: first of all, you first of all understand it is

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Speaker 1: a process. And I have to tell people that because

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Speaker 1: how long is that process? It can vary. Like I said,

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Speaker 1: it took me two years. We've helped some people was

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Speaker 1: taking them three or four months. Everybody's scenario is different

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Speaker 1: because it depends on the type of that you have,

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Speaker 1: the amount of debt. I mean, if you've been living

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Speaker 1: with bad debt and bad credit for thirty years, it's

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Speaker 1: not gonna happen overnight. It could take a while. I

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Speaker 1: mean We've seen people who have seventy tho dollar repossession

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Speaker 1: vehicles from BMW that may take eight months to to

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Speaker 1: fight them, and how you fight them. So you just

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Speaker 1: keep me on the letter she didn't mind, actual didn't manage,

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Speaker 1: and then just say so when a debt is sold

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Speaker 1: to a third party company, by law, they can't collect

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Speaker 1: from you. By law, they're not they can't collect. And

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Speaker 1: so on top of that, there are things put in

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Speaker 1: place per the Fair Credit Reporting Act that means that

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Speaker 1: that debt also has to be reported accurately. So let's

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Speaker 1: just say a company A says, all right, Brad, you

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Speaker 1: owe us five hundred bucks, but on the credit report

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Speaker 1: it says five and twenty three dollars. They have to

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Speaker 1: prove the debt down to the penny, and if they

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Speaker 1: can't prove the debt down to the penny, they have

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Speaker 1: to remove it when you challenge the validity of the

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Speaker 1: accuracy of how it's being reported. That's one to the

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Speaker 1: last dat of activity has to be accurate. That means

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Speaker 1: the last time that money has been transacted on me

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Speaker 1: making a payment on that debt. If the information isn't

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Speaker 1: congruent on all three credit be roles, on Experience, Equifax

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Speaker 1: and Transjunior. That's a discrepancy. So now you have to

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Speaker 1: prove to me, as the creditor or the credit bureau,

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Speaker 1: that that information is being reported accurately across the board.

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Speaker 1: And if not, when I challenge it, you have to

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Speaker 1: remove it. If you can't prove to me that you're

385
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Speaker 1: reporting it accurately, well it's not because it shows me

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Speaker 1: three different last dat of activities on this particular account

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Speaker 1: on my credit report. And so the power is in

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Speaker 1: the credit report. It holds all the all of the answers.

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Speaker 1: But we have to first of all, we gotta understand

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Speaker 1: it may cost you some money to get your credit report.

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Speaker 1: So when people so when people say, what's the first thing?

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Speaker 1: Some people don't want to pay for the credit report?

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Speaker 1: What's the what? What? What's what? What? What's the typical

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Speaker 1: number for um getting your credit uh fixed? How much?

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Speaker 1: How much? Does it depends on how much damage it

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Speaker 1: can it can it can arrange. But but this is

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Speaker 1: this is how I'll put it though, because some people

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Speaker 1: are like, Okay, let's just say a company charges five hundred.

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Speaker 1: You have company B charges a thousand, you have companies

400
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Speaker 1: C charges hundred. I noticed lady. And this was about

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Speaker 1: oh seven, eight years nine years ago, and I was

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Speaker 1: trying to get my clip my credit um uh fixed

403
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Speaker 1: and she charged me thirty five hundred bucks. Right, and

404
00:24:27,520 --> 00:24:30,360
Speaker 1: she didn't do anything. It's a lot of a lot

405
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Speaker 1: of them out there. Her name is Tammy and she

406
00:24:32,560 --> 00:24:35,720
Speaker 1: ran off of my money. It's a lot of that unfortunately. Yeah,

407
00:24:35,760 --> 00:24:39,119
Speaker 1: before you were so rudely interrupted, man, go back to

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00:24:39,160 --> 00:24:48,960
Speaker 1: that A B C. Before you know, I didn't brad

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Speaker 1: spad after show right many something. Really you're thinking that

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Speaker 1: sad to box you. What the word did you use

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Speaker 1: for me, Willie just just a few minutes ago. He's incorridgible.

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Speaker 1: We got to look that up. So you have to

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Speaker 1: say big words in front of my grandmother. She used

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Speaker 1: to say incordgible. Spell it. That's when you pull out Siri.

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Speaker 1: Spell that. So you have So you have company A

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Speaker 1: B and C. Once our five hundred, one charge of thousand,

417
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Speaker 1: once our hundred. Now a person can get to companies

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Speaker 1: see that charge fifteen hundred and they're like, hundred, that's

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Speaker 1: a lot and our all. Because I also teach people

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Speaker 1: in the credit space legitimate companies, not people just gonna

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Speaker 1: run off how to build up their business. Undred subject

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Speaker 1: You can't say it's expensive, it's subjective. Here's why could

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Speaker 1: you put a value on someone who is able to

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Speaker 1: help you clean up your credit. And you may have

425
00:26:07,760 --> 00:26:12,080
Speaker 1: ninety thousand dollars worth of debt. I would rather pay

426
00:26:12,119 --> 00:26:15,159
Speaker 1: fit If I had to pay fIF ten times, it's

427
00:26:15,200 --> 00:26:17,720
Speaker 1: still less than me spending ninety thousand to pay all

428
00:26:17,720 --> 00:26:20,399
Speaker 1: the debt back. And even if you pay all of

429
00:26:20,400 --> 00:26:23,639
Speaker 1: that back, it's still on your credit. So the price

430
00:26:23,680 --> 00:26:26,879
Speaker 1: point is subjective. Now, it also can depend on what

431
00:26:27,000 --> 00:26:29,879
Speaker 1: else comes with it. See, when we work with people,

432
00:26:29,880 --> 00:26:33,280
Speaker 1: we're also going to educate them. Six people who get

433
00:26:33,280 --> 00:26:35,200
Speaker 1: their credit fixed usually end up back in the same

434
00:26:35,240 --> 00:26:38,960
Speaker 1: position because they don't understand how credit works, what makes

435
00:26:39,040 --> 00:26:42,080
Speaker 1: up your credit score, how to maintain it, etcetera, etcetera.

436
00:26:42,600 --> 00:26:47,000
Speaker 1: So and so, even as a consumer, when I, you know,

437
00:26:47,080 --> 00:26:50,280
Speaker 1: go and consume other people's products and services, I'm never

438
00:26:50,400 --> 00:26:52,639
Speaker 1: barking at their fee as long as I know the

439
00:26:52,760 --> 00:26:56,560
Speaker 1: value is there. So I look for value, and that's

440
00:26:56,560 --> 00:27:00,800
Speaker 1: how I determine point. No, you're looking for me, I

441
00:27:00,880 --> 00:27:03,159
Speaker 1: know I got a hold of totally totally different things

442
00:27:03,160 --> 00:27:16,000
Speaker 1: that I want to help. Okay, this, this is this

443
00:27:16,040 --> 00:27:18,439
Speaker 1: is what I want to know. Um, this is what

444
00:27:18,520 --> 00:27:23,359
Speaker 1: I was looking at on my phone. Okay, I googled

445
00:27:23,600 --> 00:27:28,600
Speaker 1: what does the Bible say about debt? And uh in

446
00:27:29,119 --> 00:27:34,280
Speaker 1: Proverbs seven says the rich rules over the poor and

447
00:27:34,400 --> 00:27:39,040
Speaker 1: the borrower get to that and the borrower is the

448
00:27:39,080 --> 00:27:43,119
Speaker 1: slave of the lender. A lot of people, I do believe,

449
00:27:44,640 --> 00:27:47,639
Speaker 1: hear this and they say, well, I don't want to

450
00:27:47,680 --> 00:27:52,159
Speaker 1: bar because the Bible said it's bad. And what do

451
00:27:52,240 --> 00:27:59,480
Speaker 1: you say to that? So first of all, well they say,

452
00:27:59,520 --> 00:28:02,800
Speaker 1: face what faith without works is dead. Faith without work

453
00:28:02,880 --> 00:28:06,040
Speaker 1: is dead. So that may be your faith, But if

454
00:28:06,080 --> 00:28:08,880
Speaker 1: you're trying to go buy a house, you still gotta

455
00:28:08,880 --> 00:28:14,639
Speaker 1: borrow money. M hmm, period, No down about that. And

456
00:28:14,680 --> 00:28:19,959
Speaker 1: so you know what, the Bible also says, forgive us

457
00:28:20,280 --> 00:28:23,439
Speaker 1: forgive our debts as we forgive out that. You know.

458
00:28:23,520 --> 00:28:26,680
Speaker 1: That's the thing about the Bible is that it could

459
00:28:26,720 --> 00:28:30,359
Speaker 1: be interpreted. One thing could be interpreted in multiple ways.

460
00:28:30,600 --> 00:28:34,040
Speaker 1: They're talking about having slaves in the Bible. Yeah, So

461
00:28:34,160 --> 00:28:36,240
Speaker 1: I mean I think a lot of times people use

462
00:28:36,320 --> 00:28:40,160
Speaker 1: the Bible they based on the situation that they and

463
00:28:40,200 --> 00:28:44,240
Speaker 1: whatever convenient for the situation. That there is no agree

464
00:28:44,280 --> 00:28:46,800
Speaker 1: because here's the other thing. Even to that will, there

465
00:28:46,840 --> 00:28:49,960
Speaker 1: are pundits out there who teach people that credit is bad.

466
00:28:51,040 --> 00:28:53,920
Speaker 1: But here's the thing. They don't look like us, the pundits,

467
00:28:56,040 --> 00:28:59,880
Speaker 1: they like Melani. And so the thing is, I tell people,

468
00:29:00,480 --> 00:29:03,880
Speaker 1: you have people who who are not in our position

469
00:29:04,640 --> 00:29:08,000
Speaker 1: in life or in our journey, who is telling us

470
00:29:08,480 --> 00:29:10,360
Speaker 1: not to be able to use something that can help

471
00:29:10,440 --> 00:29:14,120
Speaker 1: us to create wealth for our community. So here's an example,

472
00:29:14,760 --> 00:29:18,200
Speaker 1: the wealth gap between blacks to whites. The average white

473
00:29:18,280 --> 00:29:21,640
Speaker 1: family wealth is about a hundred and eighty nine thousand.

474
00:29:21,720 --> 00:29:26,480
Speaker 1: The average black families wealth is twenty four thousand. Do

475
00:29:26,560 --> 00:29:31,800
Speaker 1: you hear that? I didn't think that maybe a little higher.

476
00:29:32,440 --> 00:29:41,280
Speaker 1: It may be less than four thousand. We like it's

477
00:29:44,400 --> 00:29:46,680
Speaker 1: the lifespan of the wealth, and it may be a

478
00:29:46,760 --> 00:29:50,840
Speaker 1: little less. But here's the thing. How do we close that?

479
00:29:51,520 --> 00:29:55,440
Speaker 1: It starts with homeownership? Because here's the thing, and again

480
00:29:55,480 --> 00:29:57,920
Speaker 1: you have these pundits who teach our people in our

481
00:29:57,960 --> 00:30:02,320
Speaker 1: community that owning a home is bad at But the

482
00:30:02,400 --> 00:30:04,720
Speaker 1: wealth can start with owning the home because when you

483
00:30:04,760 --> 00:30:08,680
Speaker 1: own a home, wealth do you accumulate? You accumulate equity, right,

484
00:30:08,760 --> 00:30:11,640
Speaker 1: and then when it's timing, dump you get the money

485
00:30:11,640 --> 00:30:16,320
Speaker 1: at a period that's tax free. Right. So that's why

486
00:30:16,320 --> 00:30:19,000
Speaker 1: I say it's a genocide against our community that they're

487
00:30:19,000 --> 00:30:21,720
Speaker 1: teaching us that credit is bad. All of these things

488
00:30:21,760 --> 00:30:24,760
Speaker 1: are bad, but it's the easiest entry point to creating wealth.

489
00:30:26,000 --> 00:30:28,440
Speaker 1: You go buy a house at so nineteen years old

490
00:30:28,560 --> 00:30:31,840
Speaker 1: and start building. Period, because they don't want to catch

491
00:30:31,840 --> 00:30:34,000
Speaker 1: you up. Period. I got it, because they're teaching their

492
00:30:34,080 --> 00:30:38,560
Speaker 1: children this at a young age. On average, black men

493
00:30:38,680 --> 00:30:42,040
Speaker 1: earned eighty seven cents for every dollar a white man earned.

494
00:30:43,320 --> 00:30:48,040
Speaker 1: Hispanic workers had the next largest gap, earning ninety one

495
00:30:48,120 --> 00:30:54,840
Speaker 1: cents for every dollar earned by a white man. I'm

496
00:30:54,840 --> 00:30:58,880
Speaker 1: trying to get to the wealth. They don't print those numbers.

497
00:30:59,200 --> 00:31:03,120
Speaker 1: The medians salary of a white man, and our sample

498
00:31:03,400 --> 00:31:07,440
Speaker 1: is seventy two thousand, nine hundred dollars. They controlled median

499
00:31:08,640 --> 00:31:13,480
Speaker 1: pay for black or African American men. It's that's seventy

500
00:31:13,480 --> 00:31:22,360
Speaker 1: one thousand, five hundred dollars. Okay um. I think it's

501
00:31:22,400 --> 00:31:28,440
Speaker 1: some of those other numbers here. What were you saying,

502
00:31:29,200 --> 00:31:34,520
Speaker 1: Hispanics are paying Hispanics black people, Well, they're they're well,

503
00:31:34,560 --> 00:31:37,640
Speaker 1: they're earning less. I means it doesn't say that they're

504
00:31:37,680 --> 00:31:40,240
Speaker 1: being paid. It's just like what they're earning. That could

505
00:31:40,320 --> 00:31:43,200
Speaker 1: that could be a combination of people that's imployed and

506
00:31:43,360 --> 00:31:47,280
Speaker 1: who are self employed, Uh typically paying about that that

507
00:31:47,280 --> 00:31:49,560
Speaker 1: that that that that that that Well, we know that

508
00:31:49,560 --> 00:31:51,560
Speaker 1: a's a gap. Put it like that and we know

509
00:31:51,600 --> 00:31:53,200
Speaker 1: there's a gap that needs to be closed. We do

510
00:31:53,280 --> 00:31:56,200
Speaker 1: know that the gap is war and you can start

511
00:31:56,200 --> 00:31:59,880
Speaker 1: with homeownership. But they preached to our they come to

512
00:32:00,000 --> 00:32:03,200
Speaker 1: our communities and tell us home ownership is a is

513
00:32:03,200 --> 00:32:07,320
Speaker 1: a liability and how and listen, as important as home

514
00:32:07,360 --> 00:32:13,880
Speaker 1: ownership is, um how feasible is it for the average worker?

515
00:32:14,920 --> 00:32:18,360
Speaker 1: You all know what's so crazy? Will it's easier to

516
00:32:18,440 --> 00:32:23,440
Speaker 1: qualify for a home than a credit card? Wow, it

517
00:32:23,600 --> 00:32:26,440
Speaker 1: is easier to qualify for a home than a credit

518
00:32:26,480 --> 00:32:33,440
Speaker 1: card a couple of reasons. One home is collateralized, so

519
00:32:33,560 --> 00:32:37,480
Speaker 1: the bank is more privy to give someone the house

520
00:32:38,400 --> 00:32:42,719
Speaker 1: versus a line of credit that's uncollateralized. It's unsecured, meaning

521
00:32:42,760 --> 00:32:44,880
Speaker 1: if I default on this credit card, I have nothing

522
00:32:44,920 --> 00:32:51,280
Speaker 1: to attach it to. Not necessarily, No, that's not true.

523
00:32:52,200 --> 00:32:54,560
Speaker 1: They just can send you a letter and potentially sue

524
00:32:54,560 --> 00:32:57,280
Speaker 1: you for the debt, but for the house. If you

525
00:32:57,400 --> 00:32:59,280
Speaker 1: default on the house. I can come and take it

526
00:32:59,840 --> 00:33:02,480
Speaker 1: for you and then resell the house to Will, maybe

527
00:33:02,520 --> 00:33:04,520
Speaker 1: at a discount, as long as I break even as

528
00:33:04,560 --> 00:33:09,200
Speaker 1: the bank. Secondly, your credit score. You can purchase a

529
00:33:09,200 --> 00:33:11,880
Speaker 1: house some lenders as low as a five eighty credit score.

530
00:33:13,160 --> 00:33:16,360
Speaker 1: Now your interest rate maybe a little higher, but it's

531
00:33:16,440 --> 00:33:20,480
Speaker 1: not to the tune of like something outrageous. But you

532
00:33:20,600 --> 00:33:23,200
Speaker 1: also have programs like NAKA that's out that it helps

533
00:33:24,000 --> 00:33:26,960
Speaker 1: that helps people with their down payment, where you don't

534
00:33:26,960 --> 00:33:29,520
Speaker 1: even have to pay a down payment nothing. You you

535
00:33:29,800 --> 00:33:32,280
Speaker 1: go basically go through a program you know, and and

536
00:33:32,480 --> 00:33:34,440
Speaker 1: you have to have a job, you have to have

537
00:33:34,480 --> 00:33:37,000
Speaker 1: some rental history, and you can get into your own

538
00:33:37,040 --> 00:33:42,000
Speaker 1: home for no money down and so it's extremely feasible.

539
00:33:42,040 --> 00:33:43,920
Speaker 1: We just don't know this stuff exists because we've been

540
00:33:43,960 --> 00:33:48,040
Speaker 1: told home ownership is bad, that we come up with

541
00:33:48,120 --> 00:33:50,160
Speaker 1: things like, oh, I don't want to own a home.

542
00:33:50,160 --> 00:33:52,600
Speaker 1: It's gonna cost me more money. No, it's actually less

543
00:33:53,360 --> 00:33:55,960
Speaker 1: to own a home. Like I have properties where I've

544
00:33:56,040 --> 00:33:59,720
Speaker 1: invested back in Milwaukee, Wisconsin for forty dollars and I'm

545
00:33:59,760 --> 00:34:04,040
Speaker 1: charged than for rent and they've been living there twenty years.

546
00:34:05,160 --> 00:34:07,719
Speaker 1: They could have bought that the property and their mortgage

547
00:34:07,720 --> 00:34:11,080
Speaker 1: would have been three hundred dollars, right, you see what

548
00:34:11,120 --> 00:34:13,959
Speaker 1: I'm saying. But we've been so conditioned because we don't

549
00:34:14,040 --> 00:34:21,000
Speaker 1: understand just the basic dynamic of credit finances, et cetera. Right. Well,

550
00:34:21,040 --> 00:34:24,040
Speaker 1: I think it's important for us to not generalize, but

551
00:34:24,200 --> 00:34:27,279
Speaker 1: to say that some of us don't understand, you know,

552
00:34:27,400 --> 00:34:32,240
Speaker 1: but because because I want us to understand it, right,

553
00:34:32,280 --> 00:34:37,520
Speaker 1: you know what I'm saying. And these cocktails and credit, Yeah,

554
00:34:38,080 --> 00:34:42,160
Speaker 1: meetings and events that you have around the country very popular.

555
00:34:42,560 --> 00:34:46,000
Speaker 1: I know that I've seen many of them on online,

556
00:34:46,239 --> 00:34:47,760
Speaker 1: and I know you do a lot of that stuff

557
00:34:47,800 --> 00:34:53,200
Speaker 1: with uh, with Jay Morrison. These I actually do by myself. Okay, okay,

558
00:34:53,239 --> 00:34:55,640
Speaker 1: you you do the cocktail and credit. You do the

559
00:34:56,280 --> 00:34:58,680
Speaker 1: cocktails and credit exclusively. But what do you do with

560
00:34:58,760 --> 00:35:01,759
Speaker 1: Jake Uh? We actually are no longer. We don't do

561
00:35:01,800 --> 00:35:04,359
Speaker 1: any partnerships together. Okay. But y'all used to do what

562
00:35:04,920 --> 00:35:07,080
Speaker 1: they were called the corner class. The corner class to

563
00:35:07,200 --> 00:35:11,120
Speaker 1: go out on the streets, uh, in the hood and

564
00:35:11,200 --> 00:35:15,480
Speaker 1: do a free workshop teaching understand hundred people just out

565
00:35:15,520 --> 00:35:17,600
Speaker 1: there on the block and listen. I don't know how

566
00:35:17,600 --> 00:35:19,759
Speaker 1: they did it because I don't know, how do you

567
00:35:19,840 --> 00:35:22,080
Speaker 1: get the attention to that many people on the block

568
00:35:22,360 --> 00:35:24,680
Speaker 1: and people just listening on the block. I mean, it's

569
00:35:24,680 --> 00:35:27,160
Speaker 1: the hell of a thing. But but okay, so let's

570
00:35:27,160 --> 00:35:31,359
Speaker 1: go back to the Cocktails and Credit. What is that

571
00:35:31,440 --> 00:35:36,040
Speaker 1: like when somebody comes to a cocktails and credit event?

572
00:35:36,600 --> 00:35:41,959
Speaker 1: What do they expect so to to To answer that question,

573
00:35:42,040 --> 00:35:43,680
Speaker 1: let me even break down the premise of why I

574
00:35:43,719 --> 00:35:47,040
Speaker 1: put it together, because when I first started trying to,

575
00:35:47,200 --> 00:35:51,880
Speaker 1: um uh, you know, pitch that concept, people didn't get it.

576
00:35:52,360 --> 00:35:56,160
Speaker 1: They're like a bar learning about credit. Now I just

577
00:35:56,160 --> 00:35:59,040
Speaker 1: want to turn up, you know what I'm saying. But

578
00:35:59,440 --> 00:36:01,400
Speaker 1: here's the thing, and this goes back to that hustle

579
00:36:01,440 --> 00:36:04,359
Speaker 1: and drive in that determination. I don't quit if it's

580
00:36:04,360 --> 00:36:07,200
Speaker 1: something that I believe in. And one of the things,

581
00:36:07,239 --> 00:36:09,120
Speaker 1: one of the many things that I've learned just on

582
00:36:09,160 --> 00:36:15,200
Speaker 1: my journey, people love entertainment. People also love to be educated,

583
00:36:15,560 --> 00:36:19,000
Speaker 1: especially us. We like information. We just have to make

584
00:36:19,040 --> 00:36:23,359
Speaker 1: sure the information is palatable for us to like. And

585
00:36:23,400 --> 00:36:26,640
Speaker 1: so I put together the Cocktail and Credit almost kind

586
00:36:26,640 --> 00:36:28,840
Speaker 1: of like a networking event. So we're going into a

587
00:36:28,920 --> 00:36:31,399
Speaker 1: bar or a lounge. We try to find a black

588
00:36:31,440 --> 00:36:34,400
Speaker 1: owned establishment because we want to support the community. And

589
00:36:34,440 --> 00:36:38,399
Speaker 1: then we do these events where we're teaching people about credit, finances,

590
00:36:38,440 --> 00:36:43,800
Speaker 1: real estate, entrepreneurship, cryptocurrency, stock We talk about various different topics,

591
00:36:44,440 --> 00:36:48,720
Speaker 1: and when people come there, they're really coming to learn

592
00:36:49,440 --> 00:36:53,400
Speaker 1: something about any one of those various topics. They're coming

593
00:36:53,440 --> 00:36:56,600
Speaker 1: for the networking aspect, and people just want to come

594
00:36:56,640 --> 00:36:59,040
Speaker 1: into an environment where it's just not all turn up,

595
00:36:59,600 --> 00:37:02,480
Speaker 1: you know. I'm mean. I've had people come to these events.

596
00:37:02,520 --> 00:37:06,719
Speaker 1: They've met their their future bay. I've had people come

597
00:37:06,760 --> 00:37:10,200
Speaker 1: to these events and meet their their potential new business partner,

598
00:37:10,280 --> 00:37:12,759
Speaker 1: or come there spark an idea and go out and

599
00:37:12,760 --> 00:37:15,719
Speaker 1: start their own events center, start a new business, or

600
00:37:15,880 --> 00:37:19,440
Speaker 1: just learn new information about my company, of our products

601
00:37:19,440 --> 00:37:22,200
Speaker 1: and brands and services, and now a year or two

602
00:37:22,280 --> 00:37:25,279
Speaker 1: later put themselves in a different position. So people come

603
00:37:25,320 --> 00:37:27,560
Speaker 1: for various reasons. I think a lot of it is

604
00:37:27,600 --> 00:37:30,760
Speaker 1: the branding we've put together, the following that I've built

605
00:37:30,800 --> 00:37:33,919
Speaker 1: over the past five six years, the reputation, and then

606
00:37:34,040 --> 00:37:36,239
Speaker 1: of course, you know, we make it fun. It's not

607
00:37:36,360 --> 00:37:39,600
Speaker 1: just some boring networking event where you're just passing our cars. No,

608
00:37:39,680 --> 00:37:41,960
Speaker 1: we're gonna have fun there too. Yeah, you do that

609
00:37:42,080 --> 00:37:45,600
Speaker 1: thing on Instagram to on Fridays. Oh yeah, the the

610
00:37:45,840 --> 00:37:48,839
Speaker 1: FCO Fridays. My schedule been so crazy, I haven't been

611
00:37:48,840 --> 00:37:52,520
Speaker 1: able to do that. Uh yeah, just lately been traveling

612
00:37:52,560 --> 00:37:55,319
Speaker 1: the country and educating. And I do all of this

613
00:37:55,440 --> 00:37:58,719
Speaker 1: for free, you know, I fly my team out, I

614
00:37:58,760 --> 00:38:01,520
Speaker 1: pay for the venues, and I'm not even charging people

615
00:38:01,520 --> 00:38:04,279
Speaker 1: to come to the cocktails on credit. Right, So, but

616
00:38:04,280 --> 00:38:06,600
Speaker 1: but but the idea is that when they do come,

617
00:38:06,640 --> 00:38:08,640
Speaker 1: they can see the value in the seri that you

618
00:38:08,680 --> 00:38:13,560
Speaker 1: provide and perhaps you eventually yeah, right, and so it's

619
00:38:13,560 --> 00:38:18,760
Speaker 1: a long term play. Yeah. So when it comes to uh,

620
00:38:19,040 --> 00:38:23,879
Speaker 1: young people, how young should a person be when they

621
00:38:24,440 --> 00:38:28,560
Speaker 1: m when they start like working on their credit, like

622
00:38:28,560 --> 00:38:33,360
Speaker 1: like really concerned about the Well, I won't necessarily say

623
00:38:33,560 --> 00:38:35,640
Speaker 1: the reason why I'm not saying concerned about their credit

624
00:38:36,000 --> 00:38:40,799
Speaker 1: is because I know part of that answer is young

625
00:38:40,880 --> 00:38:45,800
Speaker 1: people may not even be know what, no anything about

626
00:38:46,040 --> 00:38:49,520
Speaker 1: They don't even know they might they may not even

627
00:38:48,760 --> 00:38:51,800
Speaker 1: they may not even they may not even be talking

628
00:38:51,840 --> 00:38:54,360
Speaker 1: to something right right, they may be in second grade.

629
00:38:54,800 --> 00:38:56,600
Speaker 1: But but I know that a lot of times that

630
00:38:56,600 --> 00:39:00,279
Speaker 1: that that parents can take the lead. So I held

631
00:39:00,560 --> 00:39:03,480
Speaker 1: parents who have children at the age of thirteen and

632
00:39:03,480 --> 00:39:07,200
Speaker 1: start building their child's credit because young gest thirteen, because

633
00:39:07,360 --> 00:39:10,480
Speaker 1: and and and and and building their child's credit at

634
00:39:10,520 --> 00:39:16,799
Speaker 1: thirteen don't mean putting there. You know that's the child, right,

635
00:39:17,080 --> 00:39:21,880
Speaker 1: So we're talking about literally getting them positioned for adulthood,

636
00:39:22,560 --> 00:39:25,440
Speaker 1: because the greatest gift you can give a child when

637
00:39:25,440 --> 00:39:30,480
Speaker 1: they turn eighteen is a gift of them having financial literacy,

638
00:39:30,920 --> 00:39:34,240
Speaker 1: that they're educated, because if they decide to go to college,

639
00:39:34,280 --> 00:39:36,239
Speaker 1: they're not gonna go get that credit card and burn

640
00:39:36,320 --> 00:39:39,280
Speaker 1: through it. They're not gonna go and buy a vehicle

641
00:39:39,320 --> 00:39:42,040
Speaker 1: to put themselves upside down in negative equity in a

642
00:39:42,120 --> 00:39:45,200
Speaker 1: vehicle they can afford. Or they can go and rent

643
00:39:45,239 --> 00:39:47,640
Speaker 1: their first department. They can go buy a vehicle without

644
00:39:47,640 --> 00:39:50,640
Speaker 1: the parents co signer. And so when you start instilling

645
00:39:50,719 --> 00:39:55,440
Speaker 1: those type of values into your teenage I call them airs,

646
00:39:56,200 --> 00:39:58,600
Speaker 1: don't say children, because when you think of them being

647
00:39:58,600 --> 00:40:02,359
Speaker 1: your heirs, you want to leave them something. Um. They

648
00:40:02,760 --> 00:40:05,680
Speaker 1: just become much more productive and which we're actually seeing

649
00:40:05,719 --> 00:40:08,440
Speaker 1: a lot of the millennials are coming out to my

650
00:40:08,560 --> 00:40:12,200
Speaker 1: events and they're hungry. They're like, Yo, this whole thirty

651
00:40:12,280 --> 00:40:15,319
Speaker 1: years working for somebody for a pitch no that I

652
00:40:15,400 --> 00:40:18,839
Speaker 1: need I need to learn something different, And so a

653
00:40:18,840 --> 00:40:21,680
Speaker 1: lot of them get it. They're they're they're activated at

654
00:40:21,680 --> 00:40:26,200
Speaker 1: a at a much younger age because they see that

655
00:40:26,280 --> 00:40:29,240
Speaker 1: what our parents, parents have been teaching us doesn't work.

656
00:40:30,160 --> 00:40:32,560
Speaker 1: That that path to go to school, get good grades,

657
00:40:32,640 --> 00:40:34,960
Speaker 1: to get a good like that path doesn't work. That's

658
00:40:34,960 --> 00:40:38,040
Speaker 1: why I dropped out of college because I saw the

659
00:40:38,120 --> 00:40:42,040
Speaker 1: destruction I was heading towards, just the debt trap of

660
00:40:42,080 --> 00:40:45,359
Speaker 1: college and some of these other things without really being

661
00:40:45,520 --> 00:40:49,799
Speaker 1: educated on looking at it as a business decision. That's

662
00:40:49,840 --> 00:40:53,960
Speaker 1: what that leads me to my next question, how does

663
00:40:54,840 --> 00:41:00,959
Speaker 1: a student aid and financial aid effect one's critic it's

664
00:41:01,000 --> 00:41:04,440
Speaker 1: it's I call it a debt trap. And so my

665
00:41:04,440 --> 00:41:06,880
Speaker 1: my parents who have children who are getting ready to

666
00:41:06,920 --> 00:41:11,319
Speaker 1: send their airs to college, I tell them sit down

667
00:41:11,360 --> 00:41:15,920
Speaker 1: and talk to them and make it a business decision. Meaning,

668
00:41:16,960 --> 00:41:21,799
Speaker 1: if you're going to school to be UH computer programmer. Okay,

669
00:41:21,880 --> 00:41:25,799
Speaker 1: so if we take the average UH tuition for a

670
00:41:25,800 --> 00:41:29,880
Speaker 1: four year institution to go to be a computer programmer,

671
00:41:30,239 --> 00:41:33,920
Speaker 1: you may come out spending about eighty You can go

672
00:41:34,000 --> 00:41:40,720
Speaker 1: to an eighteen month certification program and spend five thousand.

673
00:41:41,960 --> 00:41:43,880
Speaker 1: Why do you need a four year degree to go

674
00:41:43,920 --> 00:41:48,800
Speaker 1: and get a certify and information that's gonna be outdated

675
00:41:48,840 --> 00:41:51,160
Speaker 1: by the time you graduate, so now you gotta go

676
00:41:51,200 --> 00:41:55,040
Speaker 1: back and get an even more debt, you know. And

677
00:41:55,120 --> 00:41:59,040
Speaker 1: so we start telling teaching the parents to understand and

678
00:41:59,080 --> 00:42:01,920
Speaker 1: look at the college decision as a business decision. Now,

679
00:42:01,920 --> 00:42:04,520
Speaker 1: if you're going to be an attorney, that's different. You're

680
00:42:04,520 --> 00:42:09,800
Speaker 1: gonna be a doctor something specialized, but that's d different.

681
00:42:09,840 --> 00:42:12,319
Speaker 1: But I don't need I'm not sending my kids to

682
00:42:12,320 --> 00:42:16,440
Speaker 1: school to get a you know, water basket weaving degree.

683
00:42:17,080 --> 00:42:20,040
Speaker 1: It doesn't do it doesn't even translate into the real

684
00:42:20,080 --> 00:42:23,800
Speaker 1: world in real society. So the debt trap of college

685
00:42:23,880 --> 00:42:29,279
Speaker 1: can be catastrophic because then once you graduate, you're a

686
00:42:29,360 --> 00:42:32,120
Speaker 1: hundred plus thousand and student loan debt. Now your debt

687
00:42:32,160 --> 00:42:34,640
Speaker 1: to income ratio is upside down. So now you can't

688
00:42:34,680 --> 00:42:38,720
Speaker 1: buy a house, uh you you you you probably can't

689
00:42:38,760 --> 00:42:44,239
Speaker 1: find gainful employment to even uh calculate with inflation. So

690
00:42:44,280 --> 00:42:47,919
Speaker 1: now you're living in subpar standards of what you thought

691
00:42:48,000 --> 00:42:50,760
Speaker 1: you were gonna be living at. So it just becomes

692
00:42:50,760 --> 00:42:54,280
Speaker 1: a debt trap. I mean, it's it's it's it's really

693
00:42:54,360 --> 00:42:57,439
Speaker 1: hurt our community. The most because we've kind of made

694
00:42:57,520 --> 00:43:12,920
Speaker 1: college the prize. How do you get people to understand that, Okay,

695
00:43:14,000 --> 00:43:16,719
Speaker 1: now that you're here and I got you and I

696
00:43:16,760 --> 00:43:22,400
Speaker 1: got you straighten out, you finally finally straight Is there

697
00:43:22,440 --> 00:43:25,799
Speaker 1: a certain method that you use to like really like

698
00:43:26,600 --> 00:43:30,040
Speaker 1: drive home that look, you have to keep this going.

699
00:43:30,760 --> 00:43:33,359
Speaker 1: Is that something that that you do You have any

700
00:43:33,400 --> 00:43:36,200
Speaker 1: tools in place or do you just strictly count on

701
00:43:36,239 --> 00:43:38,959
Speaker 1: them being mature enough to say, I gotta make sure

702
00:43:39,080 --> 00:43:41,399
Speaker 1: I don't mess my credit up again. Great question. So

703
00:43:41,960 --> 00:43:43,880
Speaker 1: one of the things I believe in. There's a famous

704
00:43:43,960 --> 00:43:46,160
Speaker 1: Mark Twain quote that says, I never left school and

705
00:43:46,239 --> 00:43:50,520
Speaker 1: getting away of my education. So we have programs. My

706
00:43:50,680 --> 00:43:54,799
Speaker 1: company has programs where we offer continual education. One of

707
00:43:54,840 --> 00:43:58,000
Speaker 1: them is my full time CEO program, which is almost

708
00:43:58,000 --> 00:44:03,920
Speaker 1: like college for entrepreneurs, and we teach various things on credit.

709
00:44:03,960 --> 00:44:06,520
Speaker 1: I mean, we just did a class last week on health,

710
00:44:06,800 --> 00:44:10,480
Speaker 1: health and wealth and so yeah, So to answer your question,

711
00:44:10,560 --> 00:44:13,760
Speaker 1: we do have different things to help you to maintain

712
00:44:13,880 --> 00:44:18,200
Speaker 1: because here's the thing about like this whole wealth kind

713
00:44:18,200 --> 00:44:22,240
Speaker 1: of engine that you know, we've we've assimilated within my company.

714
00:44:22,560 --> 00:44:26,759
Speaker 1: It's like it's almost like with church or when you're

715
00:44:26,800 --> 00:44:29,600
Speaker 1: going to motivational workshops out of site, out of mind,

716
00:44:30,320 --> 00:44:33,359
Speaker 1: you have to stay engaged to stay activated a lot

717
00:44:33,400 --> 00:44:37,120
Speaker 1: of times unless you're self motivated, which statistically very few

718
00:44:37,120 --> 00:44:41,600
Speaker 1: people are just driven to that level of degree. And

719
00:44:41,640 --> 00:44:44,239
Speaker 1: so we keep things in place, like my full time

720
00:44:44,320 --> 00:44:48,239
Speaker 1: CEO to keep you engaged so that you can stay activated.

721
00:44:48,280 --> 00:44:51,640
Speaker 1: Because here's the thing. You can go to your religious

722
00:44:51,680 --> 00:44:55,680
Speaker 1: place of worship, you can go to that uh motivational workshop.

723
00:44:56,320 --> 00:44:59,640
Speaker 1: Within seventy two hours, you're back living the way you

724
00:45:00,080 --> 00:45:03,640
Speaker 1: went in. So you have to stay engaged. And so

725
00:45:04,080 --> 00:45:07,719
Speaker 1: when you're not being educated on why credit is important,

726
00:45:07,960 --> 00:45:10,320
Speaker 1: it's very easy to go back home to your negative

727
00:45:11,280 --> 00:45:14,160
Speaker 1: you know, circle, and they say, man, that credit shit again.

728
00:45:15,000 --> 00:45:17,200
Speaker 1: So there now yourself consciously you're like, yeah, man, this

729
00:45:17,280 --> 00:45:20,640
Speaker 1: probably this ship don't probably work anyway. So you have

730
00:45:20,719 --> 00:45:23,760
Speaker 1: to stay engaged, which is why I do the cocktails

731
00:45:23,800 --> 00:45:26,440
Speaker 1: and credit, why I do my you know, uh full

732
00:45:26,480 --> 00:45:29,520
Speaker 1: time CEO program, why I'm always going live and it

733
00:45:29,600 --> 00:45:33,600
Speaker 1: really just my focus is really just continually inspiring people

734
00:45:33,640 --> 00:45:38,080
Speaker 1: because here's the thing of our world is based around

735
00:45:38,160 --> 00:45:42,319
Speaker 1: negativity because it sales, and so it's very easy to

736
00:45:42,360 --> 00:45:45,680
Speaker 1: get trapped up in the mindset of not wanting to

737
00:45:45,719 --> 00:45:49,320
Speaker 1: do right because the biggest minority on this planet is winners,

738
00:45:49,960 --> 00:45:52,160
Speaker 1: and to be a winner, you gotta be around winners

739
00:45:52,239 --> 00:45:57,200
Speaker 1: constantly period. You know, why do you think the music

740
00:45:57,239 --> 00:46:02,880
Speaker 1: industry is a small fraternity because you gotta be a winner?

741
00:46:02,960 --> 00:46:06,520
Speaker 1: Thing with these bosses, you know, holds not letting somebody

742
00:46:06,560 --> 00:46:09,319
Speaker 1: who are not winning sitting at the table, So why

743
00:46:09,400 --> 00:46:13,160
Speaker 1: should we want so? So so we have to stay engaging.

744
00:46:13,200 --> 00:46:14,799
Speaker 1: That's why I do what we do because I want

745
00:46:14,800 --> 00:46:18,160
Speaker 1: people to leave always feeling like they can be a winner.

746
00:46:18,800 --> 00:46:21,719
Speaker 1: How is it is it for somebody to just like

747
00:46:22,200 --> 00:46:26,560
Speaker 1: come to you or anybody who repairs credit with a

748
00:46:26,600 --> 00:46:31,560
Speaker 1: thousand dollars and say, okay, fix my credit and they

749
00:46:31,600 --> 00:46:34,480
Speaker 1: take that after you do you fix the credit and

750
00:46:34,520 --> 00:46:38,520
Speaker 1: then they go out and get maybe a dollar alone

751
00:46:39,400 --> 00:46:43,680
Speaker 1: without a job. Is that possible without able It's very

752
00:46:43,680 --> 00:46:47,240
Speaker 1: possible without a job. You can get your credit fixed

753
00:46:47,280 --> 00:46:51,200
Speaker 1: with no job and go out and get a thirty

754
00:46:52,200 --> 00:46:56,439
Speaker 1: dollar long So let's let's let's use the correct term though.

755
00:46:57,200 --> 00:47:02,200
Speaker 1: So there's a difference between loans and then revolving unsecured credit.

756
00:47:03,360 --> 00:47:06,279
Speaker 1: So to go get a loan that could be a

757
00:47:06,280 --> 00:47:10,799
Speaker 1: stretch without a job because they're gonna ask for certain paperwork.

758
00:47:11,000 --> 00:47:14,440
Speaker 1: But I can help someone get in position and they

759
00:47:14,440 --> 00:47:19,560
Speaker 1: can go and get a line of credit for because

760
00:47:20,000 --> 00:47:25,120
Speaker 1: and what a line of credit is so alone is

761
00:47:25,120 --> 00:47:27,480
Speaker 1: you go to the bank and you're asking for a loan,

762
00:47:27,760 --> 00:47:31,000
Speaker 1: meaning you want twenty dollars. I'm gonna write you a

763
00:47:31,080 --> 00:47:33,319
Speaker 1: check and put twenty dollars in your hand in your

764
00:47:33,320 --> 00:47:36,880
Speaker 1: bank account, et cetera. A line of credit. You go

765
00:47:36,960 --> 00:47:39,759
Speaker 1: to the bank asked for a line of credit, and

766
00:47:40,200 --> 00:47:44,239
Speaker 1: they're gonna give you a credit line that's unsecured and

767
00:47:44,360 --> 00:47:47,960
Speaker 1: uncollateralized where you can draw off of that money, so

768
00:47:48,000 --> 00:47:50,520
Speaker 1: you don't get the whole twenty in your hand. Now

769
00:47:50,600 --> 00:47:54,799
Speaker 1: here's the benefits of why I like the line of

770
00:47:54,840 --> 00:47:58,480
Speaker 1: credit more. Okay, First of all, I only pay you

771
00:47:58,480 --> 00:48:00,840
Speaker 1: against what I borrow. See, if I give you a

772
00:48:00,840 --> 00:48:03,720
Speaker 1: twenty long you gotta start paying back against the whole twenty.

773
00:48:04,000 --> 00:48:06,000
Speaker 1: You may not even have a particle to be able

774
00:48:06,040 --> 00:48:09,160
Speaker 1: to service the debt on twenty right away. But on

775
00:48:09,200 --> 00:48:11,239
Speaker 1: a line of credit, I give you twenty thousand as

776
00:48:11,239 --> 00:48:13,800
Speaker 1: a line of credit, you may only need a thousand

777
00:48:13,800 --> 00:48:16,480
Speaker 1: dollars right now. So now you're only paying back against

778
00:48:16,480 --> 00:48:22,040
Speaker 1: a thousand and because you can use stated income household income.

779
00:48:22,719 --> 00:48:26,040
Speaker 1: So yeah, you may not necessarily work or have a job,

780
00:48:26,080 --> 00:48:28,520
Speaker 1: but your spouse may work, so you can use household

781
00:48:28,600 --> 00:48:33,880
Speaker 1: income to apply for that revolving credit. Explain the difference

782
00:48:33,880 --> 00:48:38,360
Speaker 1: between stated income and household income. Yes, so stated income

783
00:48:38,400 --> 00:48:43,000
Speaker 1: would be like projected income. So let's say you um

784
00:48:43,200 --> 00:48:47,400
Speaker 1: are planning on starting a business, okay, and you apply

785
00:48:47,520 --> 00:48:50,239
Speaker 1: for a business credit card that allows you to use

786
00:48:50,239 --> 00:48:53,759
Speaker 1: stated income, and banks have what I call stated products.

787
00:48:53,760 --> 00:48:56,080
Speaker 1: If you pick up the phone, call to bank and say, hey,

788
00:48:56,120 --> 00:48:58,400
Speaker 1: I want to apply for a credit card. Whatever, do

789
00:48:58,440 --> 00:49:02,920
Speaker 1: you use stated income, resupply of the time will say yes,

790
00:49:03,400 --> 00:49:07,080
Speaker 1: stated income, which means I can state my projected income.

791
00:49:07,840 --> 00:49:13,040
Speaker 1: Household income mean I can use the combined income of

792
00:49:13,120 --> 00:49:17,359
Speaker 1: everyone working within my household. So I may not work,

793
00:49:17,400 --> 00:49:20,240
Speaker 1: but I have a spouse and a teenager who works.

794
00:49:20,360 --> 00:49:23,480
Speaker 1: I can use that household income on the application. And

795
00:49:23,520 --> 00:49:27,200
Speaker 1: typically on the application there's a slot that says household income.

796
00:49:28,400 --> 00:49:33,279
Speaker 1: So let's just say I want to state that I

797
00:49:33,640 --> 00:49:40,480
Speaker 1: may yet, uh, people have done that. People have done that,

798
00:49:40,719 --> 00:49:45,080
Speaker 1: and I get a loan. There's other factors. What are

799
00:49:45,560 --> 00:49:48,280
Speaker 1: what are some of the factors that they would consider

800
00:49:49,360 --> 00:49:54,360
Speaker 1: denying me the revolving definitely. Well, you may owe other banks.

801
00:49:55,520 --> 00:49:57,880
Speaker 1: You know, they have systems out there called check systems.

802
00:49:58,480 --> 00:50:02,200
Speaker 1: Meaning let's say there's five banks in your neighborhood, you

803
00:50:02,280 --> 00:50:05,040
Speaker 1: owe three of them. Okay, you can still have a

804
00:50:05,080 --> 00:50:08,200
Speaker 1: seven fifty credit score. Well, guess what. Banks have gotten

805
00:50:08,200 --> 00:50:11,440
Speaker 1: sophisticated because they know people burn banks all the time,

806
00:50:12,520 --> 00:50:16,080
Speaker 1: so they may go pull the bank system which does

807
00:50:16,160 --> 00:50:19,680
Speaker 1: not show on your credit report. There's a system called

808
00:50:19,760 --> 00:50:23,600
Speaker 1: check systems on everybody to go and look up check systems.

809
00:50:24,000 --> 00:50:26,160
Speaker 1: You may be in check systems from ten years ago

810
00:50:26,200 --> 00:50:29,520
Speaker 1: and may not even know. So the bank pull check

811
00:50:29,600 --> 00:50:33,319
Speaker 1: systems and say, oh, Dawn, you owe bank one, two

812
00:50:33,400 --> 00:50:36,560
Speaker 1: and three x amount of dollars. We're denying your application

813
00:50:36,920 --> 00:50:39,200
Speaker 1: and you may not even know why. This is why

814
00:50:39,239 --> 00:50:42,120
Speaker 1: I tell people, if you get denied, ask why, so

815
00:50:42,160 --> 00:50:44,560
Speaker 1: you could fix it. So that could be a reason

816
00:50:44,680 --> 00:50:47,440
Speaker 1: to your income is too low. Yeah, you may have

817
00:50:47,480 --> 00:50:51,080
Speaker 1: put stated income, but based upon your debt that they

818
00:50:51,160 --> 00:50:55,080
Speaker 1: see that you already have, the income may not be

819
00:50:55,160 --> 00:50:59,640
Speaker 1: able to suffice the to cover for the amount of

820
00:50:59,640 --> 00:51:04,080
Speaker 1: credit that they would typically lend you. So on average,

821
00:51:04,320 --> 00:51:07,720
Speaker 1: for every thousand dollars of discretionary income, they can approve

822
00:51:07,760 --> 00:51:11,839
Speaker 1: you for up to five thousand and available credit. So

823
00:51:12,200 --> 00:51:15,000
Speaker 1: let's say your your income is five thousand a month,

824
00:51:15,160 --> 00:51:19,960
Speaker 1: but you're your expenses every single month is that's only

825
00:51:20,000 --> 00:51:22,720
Speaker 1: a hundred dollars in discretionary income. So they may deny

826
00:51:22,800 --> 00:51:26,000
Speaker 1: you because they're gonna say, well, how will will pay

827
00:51:26,080 --> 00:51:30,480
Speaker 1: us back every month? Henley has a hund very stretched

828
00:51:30,640 --> 00:51:34,560
Speaker 1: or in the finance world they call it overleveraged, and

829
00:51:34,640 --> 00:51:38,239
Speaker 1: you may have uh seven nine credit score, so there

830
00:51:38,239 --> 00:51:40,719
Speaker 1: are several factors. It's bigger. That's why I say it's

831
00:51:40,760 --> 00:51:43,520
Speaker 1: bigger than credit. And this is this type of stuff

832
00:51:43,520 --> 00:51:47,680
Speaker 1: that I'm teaching people because people assume, hey, I got

833
00:51:47,719 --> 00:51:50,520
Speaker 1: a good credit score, why is the bank denying me?

834
00:51:51,000 --> 00:51:53,640
Speaker 1: And so this is where that information gap comes in,

835
00:51:53,680 --> 00:51:57,320
Speaker 1: that which often say that the thing that separates wealthy

836
00:51:57,360 --> 00:52:00,120
Speaker 1: from unwealthy one of them is information. We don't know

837
00:52:00,280 --> 00:52:04,839
Speaker 1: enough about enough. Man, what's there? Four time CEO? So

838
00:52:04,920 --> 00:52:08,080
Speaker 1: this is actually my brand, So we can go to

839
00:52:08,080 --> 00:52:15,160
Speaker 1: the website. It definitely, but that's a dope name. I

840
00:52:15,200 --> 00:52:21,920
Speaker 1: can see every single entrepreneur and and and aspiring entrepreneur.

841
00:52:22,920 --> 00:52:25,160
Speaker 1: Uh do that? You know, I want to want to

842
00:52:25,160 --> 00:52:28,239
Speaker 1: wear something like that or even you know, like all

843
00:52:28,440 --> 00:52:31,439
Speaker 1: our CEOs are not owners, but just I mean see

844
00:52:31,480 --> 00:52:34,320
Speaker 1: they do call shots, so they are bosses. And I

845
00:52:34,320 --> 00:52:37,080
Speaker 1: often say it's more of a mindset. Yeah, because you

846
00:52:37,120 --> 00:52:40,120
Speaker 1: can be uh you could own your own company and

847
00:52:40,560 --> 00:52:43,080
Speaker 1: your mindset fuck up. You still not be a four times,

848
00:52:43,280 --> 00:52:45,320
Speaker 1: Right're not a full time That's a good point. So

849
00:52:45,480 --> 00:52:48,200
Speaker 1: it's it's really it's just like the fake it just

850
00:52:48,200 --> 00:52:49,920
Speaker 1: like it's like throwing up money in the club. You

851
00:52:49,960 --> 00:52:52,239
Speaker 1: know what I'm saying, that's really how you got You

852
00:52:52,280 --> 00:52:53,640
Speaker 1: know what I'm saying, You're gonna throw it up in

853
00:52:53,680 --> 00:52:57,680
Speaker 1: the club. Yeah, right, go get a couple of hundred

854
00:52:57,680 --> 00:53:04,000
Speaker 1: dollars and just don't make you know a week and

855
00:53:06,800 --> 00:53:11,600
Speaker 1: another level they did and and speaking of faking it

856
00:53:11,719 --> 00:53:14,880
Speaker 1: until you make it, Uh, what are some of the

857
00:53:14,960 --> 00:53:17,640
Speaker 1: no knows? When you do get your credit repair? Once

858
00:53:17,680 --> 00:53:19,719
Speaker 1: you got your credit, you're healthy, you're ready to go.

859
00:53:20,239 --> 00:53:22,440
Speaker 1: What are some no knows that you would tell people

860
00:53:22,760 --> 00:53:24,319
Speaker 1: right off the back, because I know a lot of

861
00:53:24,320 --> 00:53:26,840
Speaker 1: times people get the credit repaired and they want to

862
00:53:26,840 --> 00:53:29,719
Speaker 1: go to make large purchases right off top yeah, so

863
00:53:29,760 --> 00:53:32,399
Speaker 1: what are some no knows? Well, that's definitely one of them.

864
00:53:32,400 --> 00:53:35,080
Speaker 1: And that's where that unstructured debt comes in. That you know,

865
00:53:35,120 --> 00:53:37,400
Speaker 1: the first thing I want to do. It's almost like

866
00:53:37,440 --> 00:53:39,680
Speaker 1: when you work in a job and you get a raise,

867
00:53:39,840 --> 00:53:42,080
Speaker 1: what's the first thing they want to do? Upgrade their lifestyle?

868
00:53:42,680 --> 00:53:44,680
Speaker 1: Same thing with credit. You start getting in a better

869
00:53:44,719 --> 00:53:47,080
Speaker 1: credit situation, Well, guess what, you still have to service

870
00:53:47,120 --> 00:53:52,080
Speaker 1: the debt. And that's the part again why I educate people,

871
00:53:52,200 --> 00:53:57,120
Speaker 1: because you know, people put themselves back in the situation,

872
00:53:57,200 --> 00:54:00,000
Speaker 1: but then they blame it on credit. No, it's not credit.

873
00:54:00,160 --> 00:54:03,359
Speaker 1: You just have fucked up money managing skills and so

874
00:54:04,600 --> 00:54:08,400
Speaker 1: my past, my past, and listening to this, I'm sorry,

875
00:54:08,600 --> 00:54:13,399
Speaker 1: sorry passing, we just have bad money skills and so.

876
00:54:14,000 --> 00:54:16,040
Speaker 1: But this is how I have to talk to peo

877
00:54:16,160 --> 00:54:22,000
Speaker 1: past because that's sometimes the only dialect we understand. And

878
00:54:22,080 --> 00:54:25,239
Speaker 1: so the biggest no no is yeah, they're overleveraging themselves

879
00:54:25,520 --> 00:54:30,200
Speaker 1: or um going out there purchasing the vehicle they can't afford.

880
00:54:30,280 --> 00:54:33,880
Speaker 1: Like right now, the autose sales is ridiculous. People are

881
00:54:33,880 --> 00:54:36,640
Speaker 1: buying I didn't even know they made this many lambos,

882
00:54:37,080 --> 00:54:40,239
Speaker 1: but people have been buying Lamborghin these races, and so

883
00:54:40,280 --> 00:54:44,279
Speaker 1: they're putting themselves in a in a scenario over leveraging themselves.

884
00:54:44,280 --> 00:54:48,160
Speaker 1: Is that A lot of that is a lot of

885
00:54:48,200 --> 00:54:50,720
Speaker 1: that has been I'm just waiting for the for them.

886
00:54:49,960 --> 00:54:54,320
Speaker 1: They're definitely going to you know, I'm gonna be buying

887
00:54:54,320 --> 00:55:00,680
Speaker 1: all their cars to jail. Wow. That's terrible, man, Man,

888
00:55:00,880 --> 00:55:03,200
Speaker 1: I got something I want to address. Man. That's been

889
00:55:03,680 --> 00:55:10,480
Speaker 1: like a burning, burning, like statement for the last sixty seconds.

890
00:55:12,480 --> 00:55:18,720
Speaker 1: Why I can't have a past You don't have a pastor, Willie?

891
00:55:18,920 --> 00:55:24,919
Speaker 1: My pastors Rono, Bernard Hopes, Bishop Hopes and a piece

892
00:55:25,120 --> 00:55:31,440
Speaker 1: they correct stand corrected, Willie has a pastor. Clapp up.

893
00:55:33,000 --> 00:55:34,719
Speaker 1: I'm talking about man. You know you know like you

894
00:55:34,760 --> 00:55:38,239
Speaker 1: gotta you gotta have spiritual advising. Okay, I've been on

895
00:55:38,320 --> 00:55:44,600
Speaker 1: you thirty five years, bro Stop what stop? Physical? Spiritual? Spiritual?

896
00:55:44,640 --> 00:55:48,680
Speaker 1: Everybody everybody should have a spiritual Believe you had a

897
00:55:48,680 --> 00:55:55,880
Speaker 1: financial you did what I'm saying that when advising? Really seriously,

898
00:55:56,000 --> 00:55:59,480
Speaker 1: when did I get one? Yeah? I'm asking you. I mean, first,

899
00:55:59,480 --> 00:56:02,200
Speaker 1: first of all, will First of all, don't take that

900
00:56:02,239 --> 00:56:05,120
Speaker 1: long with her person. I can say you gotta know everything,

901
00:56:05,600 --> 00:56:12,760
Speaker 1: but just know that I have a spiritual advisor. Go ahead,

902
00:56:14,680 --> 00:56:21,960
Speaker 1: I wait for the next question. Bro, Willie, come on listen, man,

903
00:56:22,080 --> 00:56:25,520
Speaker 1: you know listen, you knew what you was walking into. Man,

904
00:56:25,960 --> 00:56:31,120
Speaker 1: you know this guy right here, he's a he's he's

905
00:56:31,160 --> 00:56:38,520
Speaker 1: incourageable to me. I'm gonna lick that up. So so well,

906
00:56:38,640 --> 00:56:42,840
Speaker 1: look who has the highest credit score in your family?

907
00:56:45,960 --> 00:56:49,200
Speaker 1: They can't see me in that. Then they can't see

908
00:56:49,280 --> 00:56:52,960
Speaker 1: in that category. But so well, you said, I'm delinquent

909
00:56:53,120 --> 00:56:59,360
Speaker 1: and um not manageable and unruly not Sometimes you're unruly

910
00:57:00,360 --> 00:57:04,759
Speaker 1: delinquent capable of being corrected. That's that's more you. Yeah,

911
00:57:04,800 --> 00:57:10,120
Speaker 1: that's more incapable of being You're not reformable, man, you're

912
00:57:10,160 --> 00:57:14,279
Speaker 1: not reformable. Yeah I want some too, Bro, Yeah, you're

913
00:57:14,280 --> 00:57:17,560
Speaker 1: not reformable. And it's okay, it's okay. It's not your fault.

914
00:57:18,720 --> 00:57:20,760
Speaker 1: You know that. That's the that's the that's what they say.

915
00:57:20,760 --> 00:57:23,280
Speaker 1: This generation says everything is not your fault. This is

916
00:57:23,320 --> 00:57:28,960
Speaker 1: the what is it the participation trophy generation? Like, it's

917
00:57:28,960 --> 00:57:31,920
Speaker 1: not your fault, it's not your fault. I mean, you

918
00:57:31,960 --> 00:57:37,000
Speaker 1: know you ate cake uh four times for the last

919
00:57:37,120 --> 00:57:41,600
Speaker 1: five will you hate your body tripped out on you?

920
00:57:41,880 --> 00:57:45,120
Speaker 1: But it's not your fault. Really has always hated me, No, man,

921
00:57:45,160 --> 00:57:46,520
Speaker 1: I got a lot of love for you. Man, never

922
00:57:46,560 --> 00:57:49,360
Speaker 1: hated on me, just never liked me. Now I got

923
00:57:49,400 --> 00:57:52,760
Speaker 1: a lot of love for you, man. I mean, you know, uh,

924
00:57:52,840 --> 00:57:56,400
Speaker 1: you know, it's very very hard, you know, to not

925
00:57:56,520 --> 00:57:59,560
Speaker 1: like you. Man. You's just just a great guy. And

926
00:57:59,560 --> 00:58:08,800
Speaker 1: and and yeah we all so. So I got a question.

927
00:58:08,880 --> 00:58:13,200
Speaker 1: I just showed you something about Um, who's that somebody

928
00:58:13,240 --> 00:58:16,320
Speaker 1: say that this was illegal to put like even like

929
00:58:16,520 --> 00:58:19,920
Speaker 1: child support on your credit? Is that a loan? You know?

930
00:58:20,120 --> 00:58:25,040
Speaker 1: That's a damn good question. So here's the thing, And

931
00:58:25,080 --> 00:58:29,000
Speaker 1: this is how the credit bureau system works. It's their

932
00:58:29,120 --> 00:58:33,800
Speaker 1: their private their private ties, entities, and how they make

933
00:58:33,840 --> 00:58:39,040
Speaker 1: their money is by selling our information. So to use

934
00:58:39,080 --> 00:58:42,640
Speaker 1: the word is it illegal, you really can't say that.

935
00:58:43,000 --> 00:58:48,480
Speaker 1: I'm gonna say is it ethical? And the debt reporting

936
00:58:48,560 --> 00:58:51,600
Speaker 1: process or when someone in a company, a third party

937
00:58:51,600 --> 00:58:54,680
Speaker 1: company puts a collection report on your credit report, it's

938
00:58:54,720 --> 00:58:58,720
Speaker 1: not that it's illegal. It could be viewed as unethical. Now,

939
00:58:59,040 --> 00:59:02,360
Speaker 1: because most people don't check their credit report, they know

940
00:59:02,440 --> 00:59:05,160
Speaker 1: that they can get away with it. We as the

941
00:59:05,200 --> 00:59:08,560
Speaker 1: consumer has to have to force them to provide the

942
00:59:08,680 --> 00:59:12,200
Speaker 1: validity on why they are reporting that information, and if

943
00:59:12,200 --> 00:59:14,760
Speaker 1: it's not being reported accurately, they have to remove it.

944
00:59:15,160 --> 00:59:17,560
Speaker 1: So the laws that have been put in place per

945
00:59:17,600 --> 00:59:22,520
Speaker 1: the Fair Credit Reporting Act actually benefit us, which is why, Hey,

946
00:59:22,600 --> 00:59:25,320
Speaker 1: you're reporting this. Proved to me this information is right,

947
00:59:25,960 --> 00:59:28,360
Speaker 1: prude to me that it's accurate, Prude to me that

948
00:59:28,400 --> 00:59:31,520
Speaker 1: you even have the authority to report this. And you'd

949
00:59:31,520 --> 00:59:33,840
Speaker 1: be surprised. See a lot of people don't know these

950
00:59:33,840 --> 00:59:36,840
Speaker 1: credit bureaus are most of them are owned by banks.

951
00:59:38,040 --> 00:59:41,000
Speaker 1: You can sue them, and you'd be surprised how often

952
00:59:41,000 --> 00:59:43,560
Speaker 1: they settle because they already know most of the time

953
00:59:43,600 --> 00:59:46,960
Speaker 1: you're in the wrong, but we don't notice stuff, you know,

954
00:59:48,360 --> 00:59:53,320
Speaker 1: talk about how people can settle with these credit card

955
00:59:52,800 --> 01:00:00,480
Speaker 1: agencies banks when they have these enormous balances and stuff

956
01:00:00,560 --> 01:00:03,200
Speaker 1: and maybe they can pay and maybe they can't, but

957
01:00:04,320 --> 01:00:08,040
Speaker 1: the fact that they can go in and negotiate, right,

958
01:00:08,160 --> 01:00:10,520
Speaker 1: they can actually negotiate. If you don't have to pay

959
01:00:10,560 --> 01:00:15,040
Speaker 1: the whole balance, you can negotiate the time. Now. The

960
01:00:15,080 --> 01:00:18,840
Speaker 1: first thing almost sometimes if you get if you get

961
01:00:18,840 --> 01:00:21,120
Speaker 1: a really bad one, like one of those people that

962
01:00:21,120 --> 01:00:23,320
Speaker 1: we're going at, sometimes they have it in like no,

963
01:00:23,440 --> 01:00:26,160
Speaker 1: you must be. They're trying to get their commission. So

964
01:00:26,400 --> 01:00:29,000
Speaker 1: that's all that is. But I actually have a video

965
01:00:29,040 --> 01:00:33,360
Speaker 1: on YouTube that says why you shouldn't pay your collection accounts. Yeah,

966
01:00:33,840 --> 01:00:36,520
Speaker 1: it was actually my first video that went viral thing.

967
01:00:36,560 --> 01:00:39,760
Speaker 1: It's probably almost two million views on there now. And

968
01:00:40,600 --> 01:00:42,720
Speaker 1: the reason I tell people that is, first of all,

969
01:00:42,760 --> 01:00:44,479
Speaker 1: what you don't know can't hurt you, and it will.

970
01:00:45,240 --> 01:00:48,720
Speaker 1: Meaning paying a collection account can drop your credit score

971
01:00:49,320 --> 01:00:56,840
Speaker 1: really tremendously so on credit reports, when the debt has

972
01:00:56,880 --> 01:00:59,000
Speaker 1: been sitting on your credit for a certain period of time,

973
01:00:59,040 --> 01:01:01,680
Speaker 1: we call it zombie it. Okay, so let's say you

974
01:01:01,720 --> 01:01:05,920
Speaker 1: have an account that's six years old that's been delinquent.

975
01:01:06,280 --> 01:01:08,520
Speaker 1: You owe this company, and the debt has been delinquent

976
01:01:08,560 --> 01:01:11,360
Speaker 1: for six years. You get a moral compass one day

977
01:01:11,360 --> 01:01:12,840
Speaker 1: because you wake up and say, you know what, I'm

978
01:01:12,880 --> 01:01:14,920
Speaker 1: gonna pay this. You know, I don't. I'm tired of

979
01:01:14,960 --> 01:01:19,920
Speaker 1: being incurable. Is that the word incurrigible. I'm tired of

980
01:01:19,920 --> 01:01:24,200
Speaker 1: being incorrigible, So I'm gonna pay this debt off. You

981
01:01:24,320 --> 01:01:28,880
Speaker 1: pay the debt, your score drops hundred points. Really why

982
01:01:29,000 --> 01:01:31,040
Speaker 1: is that? Because it goes based upon what's called the

983
01:01:31,120 --> 01:01:35,040
Speaker 1: last day of activity. It's ol so a collection account.

984
01:01:35,200 --> 01:01:39,000
Speaker 1: The dollar amount doesn't hurt you, it's the information. The

985
01:01:39,120 --> 01:01:43,320
Speaker 1: information are based on algorithms, So what it happened is

986
01:01:43,360 --> 01:01:47,880
Speaker 1: you'll pay the collection account. They updated it as a

987
01:01:48,040 --> 01:01:53,400
Speaker 1: paid collection. It just see them the remember it triggers

988
01:01:53,520 --> 01:01:56,520
Speaker 1: as information, So even though it's a collection and paid,

989
01:01:56,600 --> 01:01:59,840
Speaker 1: it's still a collection. So because it's now been updated

990
01:01:59,880 --> 01:02:02,280
Speaker 1: and looks like a brand new account, it just dropped

991
01:02:02,320 --> 01:02:05,360
Speaker 1: your score. So that's why you shouldn't pay it without

992
01:02:05,440 --> 01:02:07,920
Speaker 1: knowing what to do first. So if you're gonna pay it,

993
01:02:08,000 --> 01:02:11,200
Speaker 1: you want to request what's called a deletion letter, meaning hey,

994
01:02:11,200 --> 01:02:13,440
Speaker 1: if I pay this in full, I need you to

995
01:02:13,520 --> 01:02:17,520
Speaker 1: delete it from my credit report, not updated, but deleted. Now,

996
01:02:17,520 --> 01:02:19,480
Speaker 1: when it comes to settling the debt, you have to

997
01:02:19,480 --> 01:02:23,480
Speaker 1: be careful because when you settle it can have the

998
01:02:23,560 --> 01:02:25,960
Speaker 1: same impact as paying it, because what it happened is

999
01:02:26,000 --> 01:02:28,720
Speaker 1: that it's a settle for the less than half or

1000
01:02:29,120 --> 01:02:31,640
Speaker 1: for less than the full balance, so it is still

1001
01:02:31,760 --> 01:02:36,160
Speaker 1: update and can drop your score. You can you can

1002
01:02:36,240 --> 01:02:42,960
Speaker 1: dispute it once you've actually created the damn again. So

1003
01:02:43,480 --> 01:02:47,600
Speaker 1: it could be various reasons. One um, the last dat

1004
01:02:47,640 --> 01:02:51,040
Speaker 1: of activity still may be inaccurate, you know what I'm saying.

1005
01:02:51,080 --> 01:02:56,680
Speaker 1: So it's still several parameters, the date of activity on

1006
01:02:56,680 --> 01:03:00,880
Speaker 1: on the last time that the information has technicality been reported. Yeah,

1007
01:03:00,880 --> 01:03:05,000
Speaker 1: it's all technical information. It's almost like when you get

1008
01:03:05,000 --> 01:03:07,000
Speaker 1: a ticket from the police officer. A lot of people

1009
01:03:07,040 --> 01:03:10,320
Speaker 1: don't know if you get stopped on Washington Avenue and

1010
01:03:10,360 --> 01:03:12,680
Speaker 1: the police officers just if they know, they could just

1011
01:03:13,280 --> 01:03:17,400
Speaker 1: right Washington if there's a if there's a Washington and

1012
01:03:17,640 --> 01:03:20,240
Speaker 1: a Washington Avenue in the city that you get stopped in,

1013
01:03:20,960 --> 01:03:25,200
Speaker 1: that's a technicality you can get off. Or the the

1014
01:03:25,360 --> 01:03:29,280
Speaker 1: caliber of the gun that they're using to clock you, right,

1015
01:03:29,640 --> 01:03:32,360
Speaker 1: what was the what was the caliber set at for

1016
01:03:32,720 --> 01:03:36,160
Speaker 1: when they clock you on speed? So yeah, it's all technicality.

1017
01:03:36,520 --> 01:03:39,560
Speaker 1: It's it's the it's law. It's a game of court,

1018
01:03:39,920 --> 01:03:44,440
Speaker 1: so it's all technicalities. Speaking of the game, what is

1019
01:03:45,000 --> 01:03:49,120
Speaker 1: more important? Business credit? Uh? Personal credit? If you have

1020
01:03:49,200 --> 01:03:52,480
Speaker 1: to pick one, I like how you framed that. And

1021
01:03:52,480 --> 01:03:56,400
Speaker 1: I'm gonna tell you why if you're walking down the

1022
01:03:56,440 --> 01:03:59,240
Speaker 1: street and it's a hundred and fifty on the floor,

1023
01:03:59,240 --> 01:04:13,360
Speaker 1: which won't you picking up brat h why? Both? And

1024
01:04:13,400 --> 01:04:16,480
Speaker 1: that was which one? But I know you said you

1025
01:04:16,600 --> 01:04:20,880
Speaker 1: had to, but you said which one? It don't matter? Yeah, man,

1026
01:04:21,240 --> 01:04:24,440
Speaker 1: good what I'm talking about? Man? You got right there. Man,

1027
01:04:24,480 --> 01:04:30,760
Speaker 1: you said which one? Man which you said? Which one's nobody?

1028
01:04:30,760 --> 01:04:33,760
Speaker 1: I didn't say you have to pick one. See Willie said,

1029
01:04:33,800 --> 01:04:36,280
Speaker 1: he said which one. If you would have said which

1030
01:04:36,400 --> 01:04:41,240
Speaker 1: do you pick up? Now, now you wouldn't be the one.

1031
01:04:41,320 --> 01:04:43,400
Speaker 1: They would have been both. That's the trickery. Most people

1032
01:04:43,400 --> 01:04:46,200
Speaker 1: still don't get that one. But I'm picking up both.

1033
01:04:46,680 --> 01:04:49,240
Speaker 1: So to answer your question, but if I had to

1034
01:04:49,280 --> 01:04:53,040
Speaker 1: pick one, I would in business credit because it gives

1035
01:04:53,080 --> 01:04:58,200
Speaker 1: me more reach and more leverage. Here's why. So I

1036
01:04:58,240 --> 01:05:02,080
Speaker 1: can go set up a company, get some credit, and

1037
01:05:02,120 --> 01:05:04,640
Speaker 1: then I'm ready to go buy a house. The debt

1038
01:05:04,720 --> 01:05:07,320
Speaker 1: on my company does not show on my personal credit.

1039
01:05:08,440 --> 01:05:12,000
Speaker 1: So it's kind of that own everything, I mean, own

1040
01:05:12,040 --> 01:05:15,840
Speaker 1: nothing and control everything type of situation. So I can

1041
01:05:15,880 --> 01:05:19,680
Speaker 1: have all this credit and assets under this company, but

1042
01:05:19,760 --> 01:05:24,160
Speaker 1: it doesn't look like I personally own it. That's one scenario. Two,

1043
01:05:24,520 --> 01:05:27,000
Speaker 1: I can have five companies and go to five different

1044
01:05:27,040 --> 01:05:29,560
Speaker 1: banks and get five different lines of credit on all

1045
01:05:29,600 --> 01:05:36,080
Speaker 1: five of those companies. M Yeah, and that's called leverage.

1046
01:05:36,400 --> 01:05:39,520
Speaker 1: So if I had to pick one. I'm gonna always

1047
01:05:39,640 --> 01:05:44,640
Speaker 1: do business credit first because it gives me more reach

1048
01:05:44,760 --> 01:05:48,520
Speaker 1: to be able to control more credit, to be able

1049
01:05:48,560 --> 01:05:52,400
Speaker 1: to control more assets without me personally showing that I

1050
01:05:52,520 --> 01:06:00,680
Speaker 1: own any of that company's name. So the first thing is,

1051
01:06:01,400 --> 01:06:04,280
Speaker 1: and I want to tell people this, you gotta have

1052
01:06:04,320 --> 01:06:07,520
Speaker 1: good personal credit. We have so many people who are

1053
01:06:07,520 --> 01:06:09,960
Speaker 1: trying to figure out shortcuts on how do I get

1054
01:06:10,000 --> 01:06:13,280
Speaker 1: all this money under market business without having a good

1055
01:06:13,320 --> 01:06:16,040
Speaker 1: personal credit. Every single bank is going to ask you

1056
01:06:16,080 --> 01:06:20,240
Speaker 1: for your personal credit to be has to be. And

1057
01:06:20,240 --> 01:06:22,240
Speaker 1: then on top of some of the other things, making

1058
01:06:22,240 --> 01:06:26,520
Speaker 1: sure your company is bank compliant, you gotta file your taxes.

1059
01:06:26,760 --> 01:06:31,120
Speaker 1: Let me say that again, because here's the thing. The

1060
01:06:31,200 --> 01:06:33,320
Speaker 1: banks want to see that you can service the debt.

1061
01:06:33,400 --> 01:06:34,840
Speaker 1: So they want to know, Okay, we give you a

1062
01:06:34,880 --> 01:06:38,800
Speaker 1: line of credit for a hundred can your company service

1063
01:06:38,880 --> 01:06:41,120
Speaker 1: to debt on that hundred and so they're gonna look

1064
01:06:41,160 --> 01:06:44,160
Speaker 1: at your net revenue. So it's it's several things. And again,

1065
01:06:44,200 --> 01:06:45,760
Speaker 1: these are all of the things that we teach, and

1066
01:06:45,840 --> 01:06:49,040
Speaker 1: we tell people the blueprint on what every single step

1067
01:06:49,040 --> 01:06:51,520
Speaker 1: on what you need to do. Getting the money is

1068
01:06:51,560 --> 01:07:00,160
Speaker 1: the easiest part. Talk about your two oh yeah out

1069
01:07:00,160 --> 01:07:02,600
Speaker 1: a couple. So the first one is Credit Is King,

1070
01:07:03,040 --> 01:07:05,960
Speaker 1: which came out in two thousand and sixteen. Uh, it's

1071
01:07:06,000 --> 01:07:09,760
Speaker 1: really just the credit manual I like to call it.

1072
01:07:09,360 --> 01:07:12,320
Speaker 1: It is probably about a hundred and twenty six I

1073
01:07:12,360 --> 01:07:18,520
Speaker 1: believe something like that a lot. It's I don't know

1074
01:07:18,600 --> 01:07:21,280
Speaker 1: the fine size, but a lot of people have told

1075
01:07:21,280 --> 01:07:23,439
Speaker 1: me they've taken a four hour to five hour flight

1076
01:07:23,480 --> 01:07:26,960
Speaker 1: and completed the book. And I wrote it from the

1077
01:07:27,000 --> 01:07:29,120
Speaker 1: perspective that an eighth grader can pick it up and

1078
01:07:29,160 --> 01:07:32,600
Speaker 1: read it. And I did that on purpose. One. When

1079
01:07:32,600 --> 01:07:36,160
Speaker 1: it comes to talking about credit and finances, a lot

1080
01:07:36,240 --> 01:07:40,080
Speaker 1: of times people get intimidated because of the vocabulary and

1081
01:07:40,080 --> 01:07:42,680
Speaker 1: the dialogue, dialect and all of that. So I wanted

1082
01:07:42,760 --> 01:07:45,360
Speaker 1: to make it extremely palatable for everybody to be able

1083
01:07:45,400 --> 01:07:48,560
Speaker 1: to pick up and read. To Most people comprehend on

1084
01:07:48,600 --> 01:07:51,880
Speaker 1: the eighth grade level, no matter what your level of degree,

1085
01:07:52,040 --> 01:07:55,400
Speaker 1: is an education, and so I wanted to make it

1086
01:07:55,440 --> 01:07:57,960
Speaker 1: easy for someone in high school to read it as

1087
01:07:58,000 --> 01:08:01,320
Speaker 1: well as someone who's many years we moved from school.

1088
01:08:01,840 --> 01:08:04,240
Speaker 1: So Credit Is King is my first book. My second

1089
01:08:04,240 --> 01:08:06,600
Speaker 1: book is Full Time CEO The Ship. They don't tell you,

1090
01:08:07,280 --> 01:08:12,080
Speaker 1: h you wrote the word that ship yes, yeah, it's

1091
01:08:12,240 --> 01:08:14,760
Speaker 1: interesting story. I came up with that title. I was

1092
01:08:14,840 --> 01:08:20,160
Speaker 1: watching UM another show on the internet, and the author

1093
01:08:20,200 --> 01:08:22,840
Speaker 1: on there was talking about he was writing a book

1094
01:08:23,320 --> 01:08:26,320
Speaker 1: and he he was talking about a book by another

1095
01:08:27,080 --> 01:08:31,639
Speaker 1: author that was unfuncked yourself or something like that, sorry pastor.

1096
01:08:32,360 --> 01:08:37,280
Speaker 1: And sometimes when people see words like that, it jumped

1097
01:08:37,280 --> 01:08:39,559
Speaker 1: out at them. And so I was like, you know what,

1098
01:08:39,920 --> 01:08:42,200
Speaker 1: I want to do something different because originally I was

1099
01:08:42,200 --> 01:08:44,360
Speaker 1: just gonna call a book full time CEO and I

1100
01:08:44,439 --> 01:08:47,719
Speaker 1: was like, that's kind of boring. What is it that

1101
01:08:48,800 --> 01:08:52,479
Speaker 1: we don't understand about business? I was like, the ship

1102
01:08:52,600 --> 01:08:55,280
Speaker 1: they don't tell you? And then first I was worried

1103
01:08:55,280 --> 01:08:58,000
Speaker 1: about what my mom's was gonna say, so when she

1104
01:08:58,080 --> 01:09:00,599
Speaker 1: proof read the book, she put questions and marked next

1105
01:09:00,600 --> 01:09:03,040
Speaker 1: to it. But the title does jump out at people

1106
01:09:03,040 --> 01:09:04,640
Speaker 1: because it really is a lot of ship that they

1107
01:09:04,680 --> 01:09:10,040
Speaker 1: don't tell you about the journey of being an entrepreneur. Yeah, yeah,

1108
01:09:10,680 --> 01:09:12,559
Speaker 1: how can people get intut with to man? It's been

1109
01:09:12,600 --> 01:09:15,920
Speaker 1: a very spirited conversation. Man, we appreciate your staffing, but

1110
01:09:16,120 --> 01:09:18,439
Speaker 1: we know you got an event in town, but how

1111
01:09:18,439 --> 01:09:21,760
Speaker 1: do you how do you? How do people get get intu? Yeah?

1112
01:09:21,800 --> 01:09:28,720
Speaker 1: So all social media platforms at Mr will Rowntree, Instagram, Facebook, YouTube, LinkedIn.

1113
01:09:29,280 --> 01:09:32,280
Speaker 1: I mean yeah, I mean I'm very accessible. I respond

1114
01:09:32,360 --> 01:09:35,639
Speaker 1: to my messages, my comments and uh and of course

1115
01:09:35,680 --> 01:09:37,800
Speaker 1: you know I'm probably pulling up in a city near you.

1116
01:09:37,920 --> 01:09:40,439
Speaker 1: So we got a couple more. We got a couple

1117
01:09:40,520 --> 01:09:47,599
Speaker 1: more stops pull up, O man got his whole little

1118
01:09:47,600 --> 01:09:53,479
Speaker 1: brandf mat, I got these pull up on the hats

1119
01:09:53,760 --> 01:09:57,360
Speaker 1: and putting into the hats out and stuff. I'm gonna

1120
01:09:57,400 --> 01:10:02,839
Speaker 1: get you, um uh uh to do some credit stuff

1121
01:10:03,000 --> 01:10:08,800
Speaker 1: for for some people I know and myself included. But

1122
01:10:09,880 --> 01:10:12,479
Speaker 1: the cool thing about it, like I was saying earlier,

1123
01:10:12,640 --> 01:10:16,479
Speaker 1: was that, bro, I'm like educated about credit now like

1124
01:10:16,600 --> 01:10:19,920
Speaker 1: and so it's like if I see my score, man,

1125
01:10:19,960 --> 01:10:25,880
Speaker 1: if if when I get an alert, you're probably calling me, Well,

1126
01:10:26,760 --> 01:10:29,639
Speaker 1: I'll call. I'll call you if like, if it's if

1127
01:10:29,680 --> 01:10:32,240
Speaker 1: I lose about a good six or seven points or something,

1128
01:10:32,479 --> 01:10:34,800
Speaker 1: then I'm calling. But you know, but I'm telling you

1129
01:10:34,840 --> 01:10:36,720
Speaker 1: when I lose one point, if it dip, if it

1130
01:10:36,800 --> 01:10:39,599
Speaker 1: said your credit score has decreased, I'll be like, Man,

1131
01:10:39,600 --> 01:10:41,599
Speaker 1: I get mad, bro, Like I don't, I don't care.

1132
01:10:41,600 --> 01:10:44,840
Speaker 1: If it's one point, I get mad, I'm like, I

1133
01:10:44,920 --> 01:10:47,840
Speaker 1: want to call somebody, but I don't really know the call,

1134
01:10:48,000 --> 01:10:52,519
Speaker 1: so that's why I called. Well, So, yeah, I want

1135
01:10:53,840 --> 01:10:57,360
Speaker 1: I wanna change some stuff about my credit because I

1136
01:10:57,560 --> 01:11:02,320
Speaker 1: know for a fact, um uh my, my interest rates

1137
01:11:02,360 --> 01:11:05,519
Speaker 1: are not as low as they should be. You know

1138
01:11:06,880 --> 01:11:09,880
Speaker 1: that can that will motivate you. I want to get

1139
01:11:09,920 --> 01:11:12,120
Speaker 1: some three percent interest rates and I'm probably had a

1140
01:11:12,200 --> 01:11:14,960
Speaker 1: six or something like that. That's it's beautiful when you've

1141
01:11:14,960 --> 01:11:17,240
Speaker 1: been like me. Like I said, even though I've had

1142
01:11:17,280 --> 01:11:19,720
Speaker 1: the money, I've never had good credits. So I go

1143
01:11:19,800 --> 01:11:25,240
Speaker 1: in and I'm paying premium. I'm payings, you know, twenty

1144
01:11:25,240 --> 01:11:27,000
Speaker 1: two points for a car. You know what I'm saying.

1145
01:11:27,120 --> 01:11:31,960
Speaker 1: When we got that blazer, Man, when we first started off, man,

1146
01:11:32,040 --> 01:11:34,360
Speaker 1: we had a blue Blazer point and you could not

1147
01:11:34,479 --> 01:11:42,200
Speaker 1: tell Willie nothing? He man, what was your what did

1148
01:11:42,240 --> 01:11:44,560
Speaker 1: you buy? What was that a BMW? What was that

1149
01:11:44,720 --> 01:11:51,800
Speaker 1: you about? I wrote with you, Willie? That I wrote

1150
01:11:51,800 --> 01:11:54,040
Speaker 1: with you, Willie, okay, after you got the ride with me?

1151
01:11:54,120 --> 01:11:56,200
Speaker 1: What was that you you you bought? I had a

1152
01:11:56,240 --> 01:12:00,240
Speaker 1: great BMW okay, and you couldn't tell him nothing. Trick

1153
01:12:00,320 --> 01:12:05,280
Speaker 1: on that Brad. I paid cash for it. That's another man, well, well,

1154
01:12:05,479 --> 01:12:07,439
Speaker 1: and I paid cash for the blazer. Come on, we

1155
01:12:07,479 --> 01:12:12,680
Speaker 1: gotta always use the bank money. Was it was? I

1156
01:12:12,720 --> 01:12:16,000
Speaker 1: don't know dually not that dually know that. Hey man,

1157
01:12:16,000 --> 01:12:19,599
Speaker 1: when you know better, you do Betty and I know

1158
01:12:19,680 --> 01:12:22,720
Speaker 1: better about credit. Thanks to you, Man. Absolutely appreciate you.

1159
01:12:22,880 --> 01:12:25,240
Speaker 1: I really appreciate you coming up. Man. I know you

1160
01:12:25,280 --> 01:12:27,040
Speaker 1: could have been anywhere in the world. Man, but you

1161
01:12:27,120 --> 01:12:30,320
Speaker 1: chose to be right here with the ghetto boys reloaded. Man,

1162
01:12:30,320 --> 01:12:32,720
Speaker 1: this is a pleasure. Appreciate that in the room with

1163
01:12:32,760 --> 01:12:36,280
Speaker 1: two legends. Come on another episode in the bag. Ladies

1164
01:12:36,280 --> 01:12:42,160
Speaker 1: and gentlemen wheel around tree. No more talk, No mo Talk.

1165
01:12:45,680 --> 01:12:48,240
Speaker 1: This episode was produced by A King and brought to

1166
01:12:48,280 --> 01:12:53,280
Speaker 1: you by The Black Effect Podcast Network and Heart Radio.