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Speaker 1: Welcome to Money Making Conversations. It's the show that she

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Speaker 1: is the secrets of success experience firsthand by marketing and

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Speaker 1: Brandon expert Rashan McDonald. I will know he's given me

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Speaker 1: advice to many occasions. In accasion didn't notice, I'm not broke.

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Speaker 1: You know. He'll be interviewing celebrity CEOs, entrepreneurs and industry

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Speaker 1: decision makers. It's what he likes to do, it's what

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Speaker 1: he likes to share. Now it's time to hear from

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Speaker 1: my man, Rashan McDonald. Money Making Conversations. Here we go.

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Speaker 1: Welcome to Money Making Conversations Masterclass. I am your host

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Speaker 1: from Sean McDonald. I recognize that we all have different

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Speaker 1: definitions of success. For you, it may be the size

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Speaker 1: of your paycheck. Mine is basically inspiring people to accomplish

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Speaker 1: their goals and live their very best life. I always

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Speaker 1: tell people on this show and every episode, it's time

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Speaker 1: to stop reading other people's success stories and really start

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Speaker 1: writing your own. People always talk about their purpose or

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Speaker 1: their gift. If you have a gift, lead with your

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Speaker 1: gift and remember this, don't let your friends, family, or

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Speaker 1: co workers stop you from planning or living in your Dreams,

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Speaker 1: My guests, so money Making Conversations. Master Class Today is Anthony.

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Speaker 1: Anthony flem In the Third Anthony as an actor and

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Speaker 1: is known for his role in Fox. Some of these

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Speaker 1: are just some of the role. Man has a tremendous

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Speaker 1: resume Foxes television series prison Break. He's also appealed on Divergent,

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Speaker 1: NBC's Chicago Fire. But currently he's starting in the shows

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Speaker 1: that I watched every Sunday. Power Book four fours, a

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Speaker 1: ten episode drama said in Chicago. One of my favorite

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Speaker 1: cities is the third in Starmer to the Power Universe.

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Speaker 1: You know Power University, you know got an MC Universe,

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Speaker 1: you got DC Universe, Now you got Power University. It's

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Speaker 1: the fourth book. Powell breaks apart and comes together all

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Speaker 1: different types of family or everybody is surrounded by Tommy.

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Speaker 1: But here's a character that JP did. He plays on

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Speaker 1: the show Gifted jazz musician. Let him know. I played,

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Speaker 1: you know, B flash saxophone and tenor saxophone, But I

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Speaker 1: know I have no skill beyond that. Who owns and

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Speaker 1: operator at blues club with his ailing father that has

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Speaker 1: been the target of several attacks by local gang members.

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Speaker 1: As Richard JP's life feels he still cares to pain

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Speaker 1: and never having a mother in his life and having

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Speaker 1: a son he has no relationship with. JP's world is

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Speaker 1: thrown off his axis when he crosses path with the

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Speaker 1: one and Only Tommy. Please. Welcome to Money Making Conversations Masterclass,

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Speaker 1: Anthony Flaming the Third. How you're doing, sir, I'm doing great.

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Speaker 1: How you doing? Brother? Oh? Pretty good? I try to

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Speaker 1: say everything up. Man, let everybody know who I'm talking to. Anthony.

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Speaker 1: Tell us a little bit more about you. Where you

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Speaker 1: based at right now? Anthony born and raised in Chicago.

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Speaker 1: I currently live in Chicago. Well, I was in Chicago

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Speaker 1: with Steve Harry. Now I was up to doing this

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Speaker 1: talk show from twenty twelve to twenty seventeen. So Chicago

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Speaker 1: quickly became one of my favorite cities. Man, now that

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Speaker 1: I do, I will tell you this, and you could

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Speaker 1: probably agree with me on this. I have clothes that

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Speaker 1: I had to buy because of the winner. I can't

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Speaker 1: wear nowhere else. Anthony, you got you got to dress

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Speaker 1: in Chicago. You know how it is. You got to

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Speaker 1: lay your up right. I got the hats, I got,

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Speaker 1: I got facial I got everything, but the beauty of Chicago.

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Speaker 1: Talk to us a little bit about that. That That that

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Speaker 1: that the culture of Chicago, the black Culture's Chicago the

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Speaker 1: scenes because the food's outstanding, the black cultures outstanding. And

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Speaker 1: that little summer it gives you is amazing. The little

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Speaker 1: summer it gives you really makes you appreciate it. Doesn't

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Speaker 1: it come un these winters? Yes? Um, But yeah, Chicago.

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Speaker 1: You know, I'm born and raised here, so I'm a

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Speaker 1: little biased, but I think it's you know, it's a

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Speaker 1: fantastic city. It's a great place to grow up. I've

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Speaker 1: heard it said that Chicago is a city that can

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Speaker 1: both break your heart and feel your heart at the

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Speaker 1: same time. Yes, there is a there is a duality

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Speaker 1: to my city that I think resonates with a lot

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Speaker 1: of people. So I'm sure it's that way in a

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Speaker 1: lot of cities, but Chicago. I really feel it here,

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Speaker 1: and Tommy is definitely feeling it um as she comes

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Speaker 1: here and tries to set up camp. Well, you know,

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Speaker 1: the interesting part about it is that being the fact

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Speaker 1: that I lived in New York four years, I'm originally

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Speaker 1: mused in Texas. I lived in New York for years,

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Speaker 1: so I know that the whole apple, the whole borough atmosphere.

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Speaker 1: How you know, how you really you know, the transportation

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Speaker 1: is different When he came to Chicago, I knew it

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Speaker 1: would be a different field because you know, you really

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Speaker 1: do have to drive everywhere in New York. You really don't.

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Speaker 1: They have transit systems in Chicago, but New York, you

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Speaker 1: really can be a guy who don't need a drive.

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Speaker 1: It's license in New York. And when you get to Chicago. Well,

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Speaker 1: what your relationship was introduced? How I'm just letting everybody know.

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Speaker 1: I watched a series of regularation, but I'd like for

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Speaker 1: you to just tell the audience your relationship with Tommy

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Speaker 1: so we can build off of that. No storytelling. You're

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Speaker 1: talking about JP's relationship. Yeah, Well, JP and Tommy meet

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Speaker 1: at a time when, as you had mentioned, JP is

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Speaker 1: sort of in a desperate situation. His father is sick.

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Speaker 1: Him and his father owned this jazz club together. His

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Speaker 1: father is also a musician, and this jazz club is

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Speaker 1: sort of a dream for both of them. So his

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Speaker 1: father is sick, just putting JP in a financial crisis.

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Speaker 1: So he's the club is in foreclosure and also it's

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Speaker 1: getting shot up by local gang members and he doesn't

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Speaker 1: understand why. So he is a brother who is losing

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Speaker 1: pieces of himself, his father, his club, he's estranged from

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Speaker 1: his son. He has that residual pain and memory of

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Speaker 1: not growing up with his mother. So he's losing pieces

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Speaker 1: of himself, as is Tommy. Tommy is rolling into town

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Speaker 1: having left everything in New York behind. You know, he

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Speaker 1: leaves town with just such tragic loss that he's experienced.

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Speaker 1: Everyone who's ever been close to him is gone or

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Speaker 1: has pushed him away, some by his own hand, you know.

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Speaker 1: So he's got his car, is that beautiful Mustang. He

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Speaker 1: drives a bag full of cash and a couple of

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Speaker 1: burning phones, and he's coming to Chicago to start over,

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Speaker 1: to reimagine what he can be. But it's a whole

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Speaker 1: new city to learn the whole new grid. As you know,

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Speaker 1: Chicago is not New York. There's both big cities, but

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Speaker 1: they're both different cities. So he's got to learn the

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Speaker 1: whole new situation here. But also he had to learn

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Speaker 1: that you and him are walking shoots, superciz of the streets.

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Speaker 1: When he had power, he was running with his board

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Speaker 1: ghosts and both were drug dealers. You're not remotely in

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Speaker 1: the drug game. Drug business. I want to get into

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Speaker 1: the drug business. How do you deal with that characterization

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Speaker 1: of of of eventually learning about who he really is,

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Speaker 1: but also the fact that he comes into your character's

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Speaker 1: life and he is your I guess you can say

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Speaker 1: half brother Tommy is. He is my heaven brother. Yeah,

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Speaker 1: and that's something that is very real. And being that

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Speaker 1: you're black and he's white and technically you know what

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Speaker 1: I'm saying from a visual exactly, but still, you know,

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Speaker 1: none of that really matters when it comes to family,

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Speaker 1: because that's real. I mean, there's there's no family that

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Speaker 1: is all just one thing. I think you'll find that

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Speaker 1: mixing and interracial mixing and a lot of families. You know,

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Speaker 1: I myself and interaction. My father is black, my mother

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Speaker 1: is Filipino, right, so you know that we are trying

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Speaker 1: to find our shared pass. We both have this shared

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Speaker 1: past that we don't remember. So when Tommy comes into town,

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Speaker 1: you know, the grandmother is the connection and the show.

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Speaker 1: He is going to visit his grandmother once he finds

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Speaker 1: out his grandmother is alive, and that's where him and

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Speaker 1: I meet. So it's about finding out who we were

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Speaker 1: once upon its time. It was funny because he you know,

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Speaker 1: he would like you know, his character because it was

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Speaker 1: shocked and surprise. But you know what I think I

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Speaker 1: love about that Joseph who plays the character, the lead

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Speaker 1: character of the series, who came over from Power, is that,

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Speaker 1: you know, Tommy is a guy who just shakes it

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Speaker 1: off his character. You know, you give him information, he

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Speaker 1: just shakes it off. You know, he shoot somebody, he

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Speaker 1: shakes it off. He finds it, he finds out to you,

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Speaker 1: his brother, he thinks about it. Go okay, okay, whatever,

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Speaker 1: let's let's let's let's let's roll you. You you're my kid.

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Speaker 1: I'm good with it, and so let's let's go back

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Speaker 1: to you know, I'll be honest with you, you know,

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Speaker 1: all the way to Power series with the very first episode.

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Speaker 1: And then I remember when I read the reports about

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Speaker 1: fifty Cents doing a series owned stars about a drug

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Speaker 1: dealer who owned a nightclub. To me, I couldn't even

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Speaker 1: wrap my head around that is something I would watch.

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Speaker 1: I really did first. But but they've developed talking about

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Speaker 1: Courtney Kemp and him have developed such a series. It's

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Speaker 1: really family driven. It's face about family. So tell us

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Speaker 1: about your journey before you became cast on this series

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Speaker 1: with the original series, and what what what what? What

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Speaker 1: attracted you to the Power original series? And then what

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Speaker 1: motivates you to continue and the successful role As to

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Speaker 1: your plans JP, well, you know, to keep it on

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Speaker 1: one honest, I was into the original series while it

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Speaker 1: was out, but I wasn't, you know, dying hard. I

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Speaker 1: knew it because I know Joseph personally. You know, Joseph

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Speaker 1: is from Chicago, and him and I have worked together

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Speaker 1: on stage before, so we've you know, we've been on

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Speaker 1: stage before and we've remained friends over the years. So

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Speaker 1: my connection to the show was through him, right, And

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Speaker 1: but once I was cast in the show, of course,

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Speaker 1: Marathon the whole the whole Verse season I'm talking about. Man,

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Speaker 1: it was like sixty five episodes in a very short

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Speaker 1: amount of time. Yes, sir, But you get pulled in

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Speaker 1: that way. The characters are so well written, they're so dynamic,

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Speaker 1: they're so complex, they're so flawed in a lot of ways,

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Speaker 1: you know, and incomplete, and everybody's searching for something. Power

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Speaker 1: is always shifting, and everybody's always trying to grab that

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Speaker 1: power in whatever form that they are that they are

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Speaker 1: chasing it, you know, and like you say, it's also

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Speaker 1: about family. Tommy comes into town and it's about how

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Speaker 1: his effect is on other families, houses effect on the

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Speaker 1: CBI brothers. You know, what is Tommy doing to that family? Yeah?

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Speaker 1: What is his what is his presence doing to the

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Speaker 1: Flynn flamming? You know the Flynn family. That's hard to

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Speaker 1: say real quickly, but you know the family that's been

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Speaker 1: established here in Chicago and our story, Um, you know

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Speaker 1: he's coming in and disrupting things. You know, the daughter

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Speaker 1: and the Sun both kind of want to do their

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Speaker 1: own thing with Tommy. So those layers of what makes

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Speaker 1: it interesting correct anthem definitely. And then you know in

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Speaker 1: the scene there's a scene where Tommy and JP and

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Speaker 1: JP's father are sitting around talking and you know JP's

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Speaker 1: father is just like, you know, who is this white boy? Right?

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Speaker 1: What are your what are your intentions? Uh breazing back

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Speaker 1: into town? You know, what are you trying to get

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Speaker 1: out of JP? So yeah, all of that family dynamic

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Speaker 1: is just lay it throughout the show, and I think

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Speaker 1: it pulls everybody in because I mean, maybe not to

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Speaker 1: this heightened level for everybody, but it's definitely something that

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Speaker 1: resonates with our power fan base. We'll be right back

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Speaker 1: with more Money Making Conversations Masterclass with Rushan McDonald. Now,

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Speaker 1: let's return to Money Making Conversations Masterclass with Rashan McDonald.

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Speaker 1: Or the thing about it I always tell people, because

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Speaker 1: I was looking at The Fast and Furious nine, you know,

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Speaker 1: if you look through that whole storyline, that's all they

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Speaker 1: talk about his family, you know, every so it always

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Speaker 1: ends there at some dinner table where a unite. So

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Speaker 1: you know, the whole concept is family. They can race

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Speaker 1: cars and blow it up and all that stuff, but

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Speaker 1: it always goes back to family. Same thing with power,

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Speaker 1: same thing with ghosts. It's about family. And so in

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Speaker 1: this story they really introducing the rather unique relationship because

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Speaker 1: no one would have seen this coming. You know, Tommy

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Speaker 1: going to Chicago, who has a half brother who's black,

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Speaker 1: whose mom had a relationship with a black man. So

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Speaker 1: Tommy has to deal with that relationship. But he's also,

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Speaker 1: like you said, introduced to all these other families where

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Speaker 1: he's just like flipping switches. He plus he's carrying that

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Speaker 1: baggage from New York into Chicago. So when you when

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Speaker 1: you looking at all this this world, this I would

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Speaker 1: say confusion, but I say, drama happen to line you?

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Speaker 1: How does your character layer itself into this show? Well,

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Speaker 1: Tommy is in jpne you know, they're they're vetting each

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Speaker 1: other out. Tommy is trying to see can he trust JP? Right?

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Speaker 1: You know? Can? Can we? Can I pull JP in?

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Speaker 1: And that's another thing Tommy has to decide once he

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Speaker 1: finds out that he does have family here in Chicago

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Speaker 1: with JP. How do you protect him? Do you pull

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Speaker 1: them closer to you or do you push them away

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Speaker 1: from you? Do I want to bring them into this

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Speaker 1: fold or you know? Now, I'm gonna just keep it

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Speaker 1: moving past them. But I think the more that they uncover,

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Speaker 1: the more that they discover about their shared pass and

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Speaker 1: JP and Tommy sees JP's intentions, I think we'll see

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Speaker 1: JP definitely playing a bigger role in Tommy's world. I

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Speaker 1: had to has to it. And I'm gonna just give

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Speaker 1: you some backstory on our you know, PowerBook four fours

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Speaker 1: when it premiered, if it premiered to the highest numbers

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Speaker 1: in Stars history, and I was one of those people

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Speaker 1: who generated that premiere and it comes on every Sunday

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Speaker 1: on Stars. I'm on them on the East Coast, So

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Speaker 1: it's on eight o'clock, So I'm two and seven o'clock Central,

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Speaker 1: eight o'clock on the West Coast, and I just find

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Speaker 1: the characters. You know, the episode can anywhere be from

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Speaker 1: forty five to an hour and five minutes long. They

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Speaker 1: make very each week. But when I when I look

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Speaker 1: at your characters, because I want to die, dive deeper

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Speaker 1: into that because of the fact that we kind of

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Speaker 1: talked about it. You know, you've been you've had a

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Speaker 1: pain for life. You know, you grew up without a mom,

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Speaker 1: your father's ailing, and then you have a son. So

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Speaker 1: and I think that's really important because we're talking about

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Speaker 1: a black man who, in the culture that we live in,

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Speaker 1: not to have a son in his life. So give

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Speaker 1: everybody to the backstories. Why isn't that Why isn't your

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Speaker 1: son in your life? And JP's son is not in

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Speaker 1: his life and he was until he was about three

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Speaker 1: maybe four years old. JP loved becoming a father and

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Speaker 1: he loves his son very much. That's also, you know,

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Speaker 1: feeds into the tragedy of it. This is a brother

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Speaker 1: who wants a relationship with his son. You know, m

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Speaker 1: JP came out to his wife at the time that

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Speaker 1: he was gay, and when that happened, when he decided

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Speaker 1: to live his life that way, his wife at the

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Speaker 1: time took their son away from him, and JP has

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Speaker 1: tried to find him after all this time, in many

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Speaker 1: years as far as the backstory is concerned, but he

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Speaker 1: can't find them. So essentially he has no connection to

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Speaker 1: a child of his who is out here in the world,

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Speaker 1: and that it's just a big void, a big hole

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Speaker 1: in JP's life, you know. Um. So that's why when

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Speaker 1: he's uncovering more and more about his past and how

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Speaker 1: his mother Kate Tommy and JP's mother Kate left JP

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Speaker 1: to raise to raise Tommy, you know, he is repeating

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Speaker 1: that pattern and that cycle, and it's just weighing very

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Speaker 1: heavily on JP. He wants nothing more than to be

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Speaker 1: a father to his son, um. But when he did

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Speaker 1: come out, which takes a lot of bravery to do that,

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Speaker 1: to be able to say I'm going to stop living

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Speaker 1: my life as a lie and I'm going to live

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Speaker 1: it honestly. But he did that and it cost him dearly.

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Speaker 1: It costs him a relationship with his son, you know.

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Speaker 1: And the tragedy of that is is something that you know,

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Speaker 1: was real, really great to work with as an actor,

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Speaker 1: to really dive into that and to see Howard shapes

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Speaker 1: and forms JP's world. Cool. Now I'm talking to Anthony

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Speaker 1: Fleming the Third. He plays your role JP on this

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Speaker 1: very on the very popular power book Forward Force. He

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Speaker 1: plays Tommy's half brother. Um, you know, I have a daughter,

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Speaker 1: and because when I when I look at your character,

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Speaker 1: you know, I think about I'm kind of mad when

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Speaker 1: I say that. But this is just let me finish it,

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Speaker 1: because this is a good thing. Because if if my daughter,

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Speaker 1: you know, if I left me at three for some

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Speaker 1: reason I couldn't control, and then I saw her again

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Speaker 1: at sixteen or eighteen and eighteen, I would be so

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Speaker 1: hurt because I know there were so many things that

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Speaker 1: I would have taught her, I would have poured into

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Speaker 1: her that would have made her. I feel a better

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Speaker 1: person that I get from your care. That's am I

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Speaker 1: reading the same type of hurt that you're delivering on

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Speaker 1: screen in your character. It feels like when you look

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Speaker 1: at that photo, it's a lot of pain in that

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Speaker 1: photo because you know what could have been if you

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Speaker 1: would have been allowed to live a life as a

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Speaker 1: father for this young man. Oh, there's definitely pains. There

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Speaker 1: is so much pain associated with having a child of yours,

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Speaker 1: something that came from your body. Yes, sir, that is

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Speaker 1: out here in the world and you have no connection

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Speaker 1: to it. You don't know if that child is one alive.

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Speaker 1: If it is the child is alive, is it's safe,

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Speaker 1: it's my child taking care of you know, basic needs,

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Speaker 1: and you know, what is the relationship? How is this

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Speaker 1: child seeing the world? What is this child experience? So

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Speaker 1: not to have any connection is it's heartbreaking, you know,

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Speaker 1: it's it's his biggest regret and it's his biggest the

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Speaker 1: biggest pain in his life. Definitely, where's your character going

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Speaker 1: as far as the evolution of the character in these

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Speaker 1: overall ten episodes, that's all they shot for this, and

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Speaker 1: it looks like those ratings are where I think they are.

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Speaker 1: We're all going to be seeing more episodes in the future.

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Speaker 1: That has not been announced yet as we are interviewed

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Speaker 1: on this particular episode, but probably four forced by man.

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Speaker 1: I enjoy your character, Anthony. I enjoy the show. You know, Uh,

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Speaker 1: sometimes it's over the top of the head I'm watching television.

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Speaker 1: I ride with it. I ride with it because it's

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Speaker 1: fun and you know Rachean, we actually did get picked

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Speaker 1: up for season two. Congratulations, man, congratulations. Let's say it

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Speaker 1: get loud, man, because because I read the article. You know,

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Speaker 1: I think I've read the article the just that I

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Speaker 1: mean last week or something like that where everybody kept

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Speaker 1: asking them Joseph, was he picked up? Was it picked up?

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Speaker 1: He said? And heard yet and normally the show was

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Speaker 1: picked up around this time. Congratulations, how you feel, brother,

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Speaker 1: Man excited? So you know, we got picked up a

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Speaker 1: season two. The news just dropped yesterday, so it's fresh

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Speaker 1: for a lot more. Man. I'm so happy because they

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Speaker 1: can delve into your character, man, because I want to

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Speaker 1: see you know, because it's a lot because you know

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Speaker 1: the fact that you know that you're gonna have to

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Speaker 1: introduce your character to your son. First of all, first

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Speaker 1: you have to find out who you are, and they

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Speaker 1: have to realize that you know, you're you're gay, and

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Speaker 1: your dad. Those are a lot of dynamics that has

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Speaker 1: to be worked out. So I think that, Man, it's

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Speaker 1: gonna be fun watching you man, and in the future

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Speaker 1: episodes and also in the next season because that character

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Speaker 1: that you're playing, Anthony resonates with me because of the

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Speaker 1: fact that I am a father, and it resonates to

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Speaker 1: me because I know that I don't want to experience

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Speaker 1: your pain, but I can relate to your pain if

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Speaker 1: I was denied an opportunity because I'm one of those

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Speaker 1: passionate people that you know, I want to be a dad,

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Speaker 1: I want to be a parent, and that's what that

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Speaker 1: role is being played out on your character. Now, did

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Speaker 1: you do any research or this is something that's naturally

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Speaker 1: within you? This is the when you're giving directions by

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Speaker 1: the director or casting what what? What? What tips or

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Speaker 1: steps did they give you to play this out? Or

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Speaker 1: you say, hey man, this is how I'm gonna deal

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Speaker 1: with it. Uh, I see this character going in this direction.

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Speaker 1: Tell my audience how does that play itself out? When

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Speaker 1: you building out a character like this that's so unique, well,

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Speaker 1: you know, of course, the writers, Courtney Kemp and her

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Speaker 1: amazing writing team have developed the story in each individual

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Speaker 1: character to be you know, so so multifaceted, certain so layered.

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Speaker 1: But then as an actor, you know you're hired to

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Speaker 1: do a job. You're hired to bring your skill set

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Speaker 1: and you know some of your interpretations and perspective to

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Speaker 1: the role. So we've been been a blessing. It has

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Speaker 1: been such a blessing to be able to do that

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Speaker 1: with this particular character. You know, I feel this cat

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Speaker 1: in my bones. You know, I'm a parent myself, yes,

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Speaker 1: and you know I know the joy, so you know

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Speaker 1: where I'm coming from. I know where you're coming from.

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Speaker 1: You know, I know where you're coming from. So I

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Speaker 1: know that joy and that feeling and the things that

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Speaker 1: you try to teach your children and how you want

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Speaker 1: your children to be out here in the world, and

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Speaker 1: so you know, I drew on a lot of personal

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Speaker 1: experiences for this role, for sure, when it comes to

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Speaker 1: being a parent, when it comes to you know, JP

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Speaker 1: loves his father. It's his hero. You know, my father

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Speaker 1: was my hero and someone who I was very close to,

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Speaker 1: and he's someone who introduced me to jazz. I would

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Speaker 1: have loved to for me and my dad to open

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Speaker 1: up a jazz club because you know, he grew up

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Speaker 1: and he put that love of jazz and me and

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Speaker 1: you know, to this day, it's my favorite music. So

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Speaker 1: it's been great to connect on that level as well.

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Speaker 1: I'm letter rdy know, I'm talking to Anthony Fleming the Third.

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Speaker 1: He plays the incredible character JP Gibbs newly renewed power

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Speaker 1: for us. You know, I want to thank you man

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Speaker 1: for coming on The show Man because of the fact

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Speaker 1: that I just try to tell stories. I try to

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Speaker 1: tell stories with people who I feel like I have

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Speaker 1: an interesting story to tell. I know that you are

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Speaker 1: you working on any other projects outside of Power right there? Are?

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Speaker 1: I know COVID lift is dropping. I know you're based

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Speaker 1: out of Chicago. What does the future look like for

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Speaker 1: Anthony Fleming outside of Power? You know, I'm just keep grinding, baby,

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00:21:02,359 --> 00:21:04,920
Speaker 1: keep hustling. You know, some auditioning for stuff I'm getting

408
00:21:04,960 --> 00:21:07,720
Speaker 1: told no, you know, because that's that's another thing storytelling.

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00:21:08,200 --> 00:21:10,840
Speaker 1: Just so you know, the actors, the grind never stops.

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Speaker 1: You get told no way more than you get told yes.

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Speaker 1: So you know, you got to keep hustling. You got

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Speaker 1: to stay hungry. That's one thing I would always stress

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Speaker 1: and tell people who come into this industry and keep

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Speaker 1: sharpening your skills, keep honing your craft. So I'm steady

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Speaker 1: doing that. I got a couple of things projects that

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Speaker 1: I'm working on. You know, I also do voiceover work.

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Speaker 1: I can hear it. I can hear it. Yeah, Like

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Speaker 1: it's just still a twenty five percentity of and then

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Speaker 1: I be a happy camp, happy camp here, brother, No man, really,

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Speaker 1: you know because like I said, my background just a

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Speaker 1: little bit before wrap. You know, I started out as

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Speaker 1: a stand up comedian, left the career as IBM, where

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Speaker 1: I was at a math degree, so I was out

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Speaker 1: there grinding, So I know exactly. You know, you have

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Speaker 1: to put the work in. You have to have faith

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Speaker 1: in yourself. You know, you have to believe that. You

427
00:21:58,400 --> 00:22:02,000
Speaker 1: have to create relationships. That's word as well, because you're

428
00:22:02,080 --> 00:22:03,960
Speaker 1: not going to make it in this business by yourself.

429
00:22:04,119 --> 00:22:06,280
Speaker 1: You gotta be able to have people you can count on.

430
00:22:06,560 --> 00:22:08,720
Speaker 1: And like you said, you have a relationship with Joseph

431
00:22:08,760 --> 00:22:12,080
Speaker 1: even before you really became a fan of the series Power,

432
00:22:12,440 --> 00:22:15,520
Speaker 1: and I'm sure that helped you out as well. But again, man, again,

433
00:22:15,560 --> 00:22:18,520
Speaker 1: congratulational series being renewed, Anthony, and thank you for coming

434
00:22:18,560 --> 00:22:21,959
Speaker 1: on Money Making Conversations Master Clay. You're a fantastic brother. Hey,

435
00:22:21,960 --> 00:22:24,120
Speaker 1: thanks man, I appreciate it. Thank you. If you want

436
00:22:24,119 --> 00:22:26,840
Speaker 1: to hear any interviews or seeing interviews on Money Making

437
00:22:26,880 --> 00:22:30,320
Speaker 1: Conversations Masterclass, please go to Money Making Conversation dot com.

438
00:22:30,320 --> 00:22:32,760
Speaker 1: I'm Rushan McDonald. I am your host. We'll be right

439
00:22:32,760 --> 00:22:37,080
Speaker 1: back with more Money Making Conversations Masterclass with Rushan McDonald.

440
00:22:38,640 --> 00:22:42,119
Speaker 1: You are now tuned into the Money Making Conversations Minute

441
00:22:42,119 --> 00:22:45,480
Speaker 1: of Inspiration with Rushan McDonald. Hi, I'm Rushan McDonald for

442
00:22:45,520 --> 00:22:48,639
Speaker 1: Money Making Conversation Masterclass with your daily Minute of Inspiration.

443
00:22:48,880 --> 00:22:51,760
Speaker 1: Doing a conversation with producer and founder of American Black

444
00:22:51,800 --> 00:22:54,760
Speaker 1: Film Festival with Jeff Friday, he shared how important it

445
00:22:54,800 --> 00:22:56,920
Speaker 1: is for those who make it in Hollywood to open

446
00:22:56,960 --> 00:23:01,480
Speaker 1: doors for others, so metaphorically Hollywood club. And when we

447
00:23:01,560 --> 00:23:03,439
Speaker 1: get in the club, we gotta go back to the

448
00:23:03,480 --> 00:23:05,440
Speaker 1: door say yo, I'm not going into My boy can't

449
00:23:05,440 --> 00:23:08,040
Speaker 1: come up. And that's what people like like Abra Duvene

450
00:23:08,200 --> 00:23:10,560
Speaker 1: have done, and that's what you know Ryan done. When

451
00:23:10,600 --> 00:23:13,159
Speaker 1: you look at a movie, it might be three hundred

452
00:23:13,200 --> 00:23:16,280
Speaker 1: people who get a check. There's only only keen or

453
00:23:16,359 --> 00:23:18,040
Speaker 1: in front of the camera. What about the other two

454
00:23:18,080 --> 00:23:21,480
Speaker 1: hundred and ninety people who you don't know, who have families,

455
00:23:21,480 --> 00:23:23,760
Speaker 1: who have families too. If you're going to be at

456
00:23:23,760 --> 00:23:26,040
Speaker 1: the forefront of this fight, you gotta bring you gotta

457
00:23:26,080 --> 00:23:27,800
Speaker 1: go back to the front door, and you gotta let

458
00:23:27,800 --> 00:23:30,280
Speaker 1: your boys, you know, or go open the back door,

459
00:23:30,359 --> 00:23:32,359
Speaker 1: let them do whatever the door you go to. You

460
00:23:32,400 --> 00:23:34,840
Speaker 1: can listen to this full interview with Jeff Friday is

461
00:23:34,840 --> 00:23:38,399
Speaker 1: available on Moneymaking Conversations dot com. Now let's return to

462
00:23:38,480 --> 00:23:43,600
Speaker 1: Money Making Conversations Masterclass with Rashan McDonald my guests on

463
00:23:43,640 --> 00:23:45,399
Speaker 1: your Fears. Let me look background on't I say that?

464
00:23:45,520 --> 00:23:48,000
Speaker 1: The very top of the show. Financial advisor and Global

465
00:23:48,040 --> 00:23:51,400
Speaker 1: Sports and Entertainment Director with Morgan Stanley. She began working

466
00:23:51,440 --> 00:23:54,520
Speaker 1: in the financial services industry in two thousands. Then she

467
00:23:54,640 --> 00:23:57,000
Speaker 1: joined Bank of America Merrill Lynch in two thousand and six.

468
00:23:57,359 --> 00:23:59,360
Speaker 1: So if you're have any phone calls that you want

469
00:23:59,359 --> 00:24:01,719
Speaker 1: to make, this is the time to make those phone calls.

470
00:24:02,000 --> 00:24:04,480
Speaker 1: She has since transitioned to Morgan Stanley, where she is

471
00:24:04,520 --> 00:24:07,000
Speaker 1: one of the one of the feud and two percent

472
00:24:07,480 --> 00:24:10,639
Speaker 1: of Morgan Stanley's financial advised to obtain the Global Sports

473
00:24:10,680 --> 00:24:14,119
Speaker 1: and Entertainment Director of destination as of January of this year.

474
00:24:14,240 --> 00:24:16,840
Speaker 1: Please work with the Money Making Conversation Master Class sun

475
00:24:16,880 --> 00:24:19,199
Speaker 1: your Fears? How are you going to sign you? Good evening?

476
00:24:19,359 --> 00:24:22,640
Speaker 1: Good evening, Rashan, thank you for helping me, Well, well,

477
00:24:22,680 --> 00:24:24,840
Speaker 1: thank you, well, you know it's I think that with

478
00:24:25,000 --> 00:24:28,080
Speaker 1: gas prices. You know, some areas going over five dollars.

479
00:24:28,560 --> 00:24:31,040
Speaker 1: A lot of people want to know what's going on

480
00:24:31,080 --> 00:24:33,320
Speaker 1: with their money. I guess, uh, do you get? Are

481
00:24:33,359 --> 00:24:35,440
Speaker 1: you getting? Are the phone calls that you're getting now

482
00:24:35,600 --> 00:24:38,000
Speaker 1: different from the phone calls that you got doing the pandemic?

483
00:24:38,880 --> 00:24:42,920
Speaker 1: They are? And the reason being, um, the reason why

484
00:24:42,960 --> 00:24:46,240
Speaker 1: they're different. Of course, you know, we have the pandemic

485
00:24:46,359 --> 00:24:51,560
Speaker 1: and and and then we had unrest and you know

486
00:24:51,760 --> 00:24:56,240
Speaker 1: with with police, and now we have a war. Um,

487
00:24:56,320 --> 00:25:00,840
Speaker 1: and the tensions in Russia and Ukraine for a lot

488
00:25:00,920 --> 00:25:05,840
Speaker 1: of us is different, and so people are nervous. There's

489
00:25:05,880 --> 00:25:10,679
Speaker 1: a lot of anxiety, and the calls, although similar, because

490
00:25:10,720 --> 00:25:15,919
Speaker 1: there were anxieties there. Um, these anxieties are unknown for

491
00:25:15,960 --> 00:25:19,640
Speaker 1: a lot of people. So they are a little different. Yeah,

492
00:25:19,640 --> 00:25:21,720
Speaker 1: because our reason you can say that because did you

493
00:25:21,720 --> 00:25:25,359
Speaker 1: look at television's Let me just answer myself the question

494
00:25:25,400 --> 00:25:28,400
Speaker 1: to myself. For instance, when when the civil arrest was here,

495
00:25:28,400 --> 00:25:31,160
Speaker 1: when the George Floyd situation, the pandemic is here. When

496
00:25:31,160 --> 00:25:32,960
Speaker 1: I walked out my front door, I had to deal

497
00:25:33,000 --> 00:25:35,359
Speaker 1: with either wearing a mask or not going out in

498
00:25:35,400 --> 00:25:38,320
Speaker 1: the front door. I had to deal with worrying about

499
00:25:38,359 --> 00:25:40,560
Speaker 1: the police, the police where they where they stopped me

500
00:25:40,640 --> 00:25:42,760
Speaker 1: because I will stop several times. One was because my

501
00:25:42,840 --> 00:25:46,639
Speaker 1: tag was expired. I was nervous. Whereas the war, I

502
00:25:46,680 --> 00:25:48,560
Speaker 1: can just turn the TV off. I can ignore it

503
00:25:48,600 --> 00:25:50,800
Speaker 1: in the sense even though it's going on. But they

504
00:25:50,960 --> 00:25:54,119
Speaker 1: ignoring still doesn't mean it's not impacted me. Because my

505
00:25:54,240 --> 00:25:58,200
Speaker 1: gas I went to fill up yesterday and I looked

506
00:25:58,200 --> 00:26:01,120
Speaker 1: down it was like five thirteen sense because I used

507
00:26:01,160 --> 00:26:03,720
Speaker 1: premium gas in my car, and I was like stunned.

508
00:26:03,880 --> 00:26:06,600
Speaker 1: I was like, wow, this is ridiculous because on TV

509
00:26:06,720 --> 00:26:10,640
Speaker 1: they only give you the lower's price gas, the regular premium,

510
00:26:10,640 --> 00:26:13,639
Speaker 1: the regular gas. So but there's gas out there in

511
00:26:13,680 --> 00:26:16,800
Speaker 1: some places five and six dollars a gallon. But in time,

512
00:26:17,119 --> 00:26:19,560
Speaker 1: that also tells people who because you deal with people

513
00:26:19,600 --> 00:26:23,080
Speaker 1: on retirement accounts, you deal with people who don't know

514
00:26:23,080 --> 00:26:25,480
Speaker 1: if they can take their money in or redirect their money.

515
00:26:25,600 --> 00:26:29,000
Speaker 1: And we're always talking about closing the black wealthcap, so

516
00:26:29,040 --> 00:26:30,560
Speaker 1: you have a lot of questions to come in you.

517
00:26:30,880 --> 00:26:34,320
Speaker 1: The first question I'm gonna ask you, what is the

518
00:26:34,400 --> 00:26:37,840
Speaker 1: wealth cap the black wealth gap? Is there any possibility

519
00:26:37,960 --> 00:26:41,360
Speaker 1: that being closed in my generation? And if so, how

520
00:26:41,400 --> 00:26:48,120
Speaker 1: can that be achieved? That's an excellent question. It's something

521
00:26:48,240 --> 00:26:53,119
Speaker 1: that you hear a lot more younger people talk about,

522
00:26:53,359 --> 00:26:58,480
Speaker 1: which which is very very encouraging to me. And really

523
00:26:58,640 --> 00:27:03,879
Speaker 1: by having the door open ones one often is the

524
00:27:03,920 --> 00:27:07,960
Speaker 1: greatest component to increase the black dollar and wealth in

525
00:27:08,000 --> 00:27:14,720
Speaker 1: the black community. Education is another way what we what

526
00:27:14,760 --> 00:27:17,359
Speaker 1: we need is more people who look like us to

527
00:27:17,480 --> 00:27:21,600
Speaker 1: understand the different components of building wealth. And and that's

528
00:27:21,640 --> 00:27:26,000
Speaker 1: where we start to really understand how you build wealth.

529
00:27:26,040 --> 00:27:29,960
Speaker 1: Because when you understand, we can work towards closing the gap,

530
00:27:31,200 --> 00:27:35,480
Speaker 1: you know, having the opportunities really to talk to youth

531
00:27:36,080 --> 00:27:40,919
Speaker 1: in an engaging way and to not only focus on finance,

532
00:27:41,560 --> 00:27:45,960
Speaker 1: but promote financial literacy so that we can shed light

533
00:27:46,160 --> 00:27:50,040
Speaker 1: on the mindset and the discipline needed to become wealthy,

534
00:27:50,119 --> 00:27:54,679
Speaker 1: because it's discipline just like the same kind of discipline

535
00:27:54,720 --> 00:27:56,840
Speaker 1: that it takes. And I know you're an early riser

536
00:27:57,760 --> 00:28:01,639
Speaker 1: to wake up early year, to wake up early, and

537
00:28:02,080 --> 00:28:05,080
Speaker 1: for those who can do that and have the discipline

538
00:28:05,160 --> 00:28:09,399
Speaker 1: to regardless of what's going on, to get their rest

539
00:28:09,680 --> 00:28:12,840
Speaker 1: so they can start early and they can have a

540
00:28:12,920 --> 00:28:18,480
Speaker 1: full day, the discipline to exercise every day. It's the

541
00:28:18,680 --> 00:28:25,800
Speaker 1: discipline to really understand and have a mindset to be

542
00:28:26,119 --> 00:28:30,360
Speaker 1: intentional about understanding what your money can do for you

543
00:28:30,880 --> 00:28:34,159
Speaker 1: and understanding what you need to do to allow your

544
00:28:34,200 --> 00:28:36,439
Speaker 1: money to work for you. You know, and when I

545
00:28:36,880 --> 00:28:39,920
Speaker 1: thank you for that information, he just told us. When

546
00:28:39,960 --> 00:28:42,240
Speaker 1: you was talking to your opening credits, I talked about

547
00:28:42,240 --> 00:28:46,640
Speaker 1: when you was at Merrill Lynch, you created the first

548
00:28:46,680 --> 00:28:50,360
Speaker 1: African American mother daughter wealth management team with your daughter.

549
00:28:50,800 --> 00:28:54,760
Speaker 1: So I'm assuming that the conversations and the approaches were

550
00:28:54,840 --> 00:28:58,040
Speaker 1: different as the people you were dealing. I want to say,

551
00:28:58,040 --> 00:29:00,400
Speaker 1: in your age group or the group that came to

552
00:29:00,480 --> 00:29:03,800
Speaker 1: you for financial advice and the group that came to

553
00:29:03,880 --> 00:29:06,520
Speaker 1: her for a financial vice, what what was the Was

554
00:29:06,520 --> 00:29:10,520
Speaker 1: there any common denominators or they were just extreme people

555
00:29:10,680 --> 00:29:15,360
Speaker 1: looking for extreme different different approaches to their financial strategies.

556
00:29:16,520 --> 00:29:20,720
Speaker 1: So the common denominator and that's what you see now,

557
00:29:20,840 --> 00:29:25,000
Speaker 1: and that's why I'm encouraged about the wealth gap closing,

558
00:29:25,760 --> 00:29:31,480
Speaker 1: is the fact that people that are my age, or

559
00:29:31,640 --> 00:29:37,720
Speaker 1: people that are looking towards retirement or putting together and

560
00:29:37,880 --> 00:29:42,920
Speaker 1: a state plan, or people that are my daughter's age,

561
00:29:43,720 --> 00:29:48,880
Speaker 1: they all want and need guidance. You know. That's that's

562
00:29:48,920 --> 00:29:53,920
Speaker 1: the common denominator. People that don't do this every day,

563
00:29:54,680 --> 00:29:59,000
Speaker 1: and is not investing people's money and not putting together

564
00:29:59,080 --> 00:30:04,080
Speaker 1: financial plan for people so that they have that guide

565
00:30:04,480 --> 00:30:07,240
Speaker 1: to help them through life and not have to worry

566
00:30:07,280 --> 00:30:12,280
Speaker 1: about it. They really don't know. And you know, so

567
00:30:12,480 --> 00:30:17,800
Speaker 1: we have physicians, and we have athletes, and we have

568
00:30:19,040 --> 00:30:23,400
Speaker 1: business owners, and they are very good at what they do,

569
00:30:23,840 --> 00:30:26,440
Speaker 1: but they don't do this every day. And if they

570
00:30:26,440 --> 00:30:28,960
Speaker 1: don't do this every day, they don't really have that

571
00:30:29,120 --> 00:30:34,520
Speaker 1: roadmap at their fingertips to help guide them through knowing

572
00:30:34,560 --> 00:30:37,320
Speaker 1: what their numbers are and knowing that based on the

573
00:30:37,360 --> 00:30:42,640
Speaker 1: seven life priorities, what the numbers look like that will

574
00:30:42,760 --> 00:30:47,000
Speaker 1: make that retirement plan successful. And so that's a common

575
00:30:47,040 --> 00:30:53,720
Speaker 1: denominator that young or middle age or older need the

576
00:30:53,840 --> 00:30:57,000
Speaker 1: knowledge and need the guidance to be able to fulfill

577
00:30:57,080 --> 00:31:02,480
Speaker 1: their goals and have an effective plan towards building wealth. Son, you,

578
00:31:02,560 --> 00:31:08,040
Speaker 1: where aren't more my knowledges involved in stock activity? And

579
00:31:08,160 --> 00:31:09,920
Speaker 1: I thought about it, of course while you are on

580
00:31:09,960 --> 00:31:12,520
Speaker 1: the break um and why are people sitting on the

581
00:31:12,560 --> 00:31:16,640
Speaker 1: sidelines as you ask? And I think it's important for

582
00:31:16,680 --> 00:31:20,200
Speaker 1: a lot of people to identify why they're nervous, so

583
00:31:20,240 --> 00:31:23,600
Speaker 1: we know there's a lot of anxiety now because of

584
00:31:23,800 --> 00:31:27,960
Speaker 1: the tension with Russia and Ukraine. But from from there,

585
00:31:28,280 --> 00:31:32,760
Speaker 1: you know people identifying why they're nervous. They need to

586
00:31:32,840 --> 00:31:37,600
Speaker 1: look at the intended use of their assets and what

587
00:31:37,640 --> 00:31:41,320
Speaker 1: they plan to invest in. And if you're clear on

588
00:31:41,400 --> 00:31:44,920
Speaker 1: your goals and you're confident on your timeline, and you

589
00:31:45,040 --> 00:31:49,880
Speaker 1: understand that there are highs and lows in investing, you

590
00:31:49,960 --> 00:31:53,880
Speaker 1: really should be fine. A lot of people are nervous

591
00:31:54,240 --> 00:31:57,880
Speaker 1: because they don't know and they're not being prepared, and

592
00:31:58,280 --> 00:32:03,800
Speaker 1: so working with the financial professional, so you understand that

593
00:32:03,840 --> 00:32:07,520
Speaker 1: the market has heaps and flows and that over the

594
00:32:07,600 --> 00:32:11,360
Speaker 1: past one hundred years, and you can physically look at

595
00:32:11,360 --> 00:32:16,080
Speaker 1: the charts and look at all of the many crisises

596
00:32:16,160 --> 00:32:19,840
Speaker 1: that's occurred over the past eighty to one hundred years

597
00:32:19,920 --> 00:32:23,760
Speaker 1: and understand that even though those crisises occurred, the market

598
00:32:23,840 --> 00:32:27,800
Speaker 1: still went up. And so really understanding I think that

599
00:32:27,880 --> 00:32:30,920
Speaker 1: will take away some of that nervousness and really being

600
00:32:30,920 --> 00:32:34,280
Speaker 1: prepared I think will help people. Now. In terms of

601
00:32:34,320 --> 00:32:38,560
Speaker 1: why minorities are not in the stock market, I really

602
00:32:38,600 --> 00:32:42,520
Speaker 1: don't think that's necessarily the case anymore. I really see

603
00:32:42,840 --> 00:32:48,640
Speaker 1: a lot more minorities getting into investing but working with

604
00:32:48,680 --> 00:32:52,760
Speaker 1: the financial professional, not as many. You hear about a

605
00:32:52,760 --> 00:32:57,520
Speaker 1: lot of younger folks now they're getting involved with cryptocurrency,

606
00:32:57,840 --> 00:33:00,640
Speaker 1: or they want to start investing, or or you know,

607
00:33:00,680 --> 00:33:03,800
Speaker 1: they have a Disney stock um and things like that.

608
00:33:03,840 --> 00:33:06,680
Speaker 1: So I think it's changing. It's just that we need

609
00:33:06,720 --> 00:33:12,080
Speaker 1: to get more involved and get to our goal where

610
00:33:12,120 --> 00:33:16,800
Speaker 1: we have a predominant amount of us involved in investing.

611
00:33:17,040 --> 00:33:19,160
Speaker 1: Let me ask you this question. So as you said

612
00:33:19,160 --> 00:33:22,880
Speaker 1: the word cryptocurrency, I've had experts on on my show

613
00:33:22,880 --> 00:33:27,080
Speaker 1: talking about cryptocurrency, talking about bitcorn, talking about stocks. Does

614
00:33:27,200 --> 00:33:34,760
Speaker 1: cryptocurrency and bitcors does that fall in your wheelhouse? So UM,

615
00:33:34,800 --> 00:33:40,800
Speaker 1: many brokerage firms, including Mortgage Stanley UM really shy away

616
00:33:41,120 --> 00:33:47,560
Speaker 1: from offering cryptocurrencies to our clients. Neil Um. We were

617
00:33:47,600 --> 00:33:52,240
Speaker 1: actually the first brokerage firm on Wall Street to offer

618
00:33:52,400 --> 00:33:55,160
Speaker 1: bitcoin on our platform. But you have to be an

619
00:33:55,200 --> 00:33:59,560
Speaker 1: accredited investor to be able to buy it. So um.

620
00:33:59,640 --> 00:34:02,000
Speaker 1: For for us, you have to have a million dollars

621
00:34:02,120 --> 00:34:05,400
Speaker 1: with us, and the minimum you can put in it's

622
00:34:05,480 --> 00:34:10,600
Speaker 1: fifty thousand. And again we set the criteria very high

623
00:34:10,680 --> 00:34:15,040
Speaker 1: because the potential for loss is tremendous and so it's

624
00:34:15,040 --> 00:34:19,239
Speaker 1: the potential for gain, but that volatility. A lot of

625
00:34:19,320 --> 00:34:24,080
Speaker 1: people that have, you know, their retirement sons, we discourage

626
00:34:24,120 --> 00:34:26,560
Speaker 1: them from putting that into it. You have to have

627
00:34:26,840 --> 00:34:32,120
Speaker 1: significant disposable assets before we would encourage that. Well, okay,

628
00:34:32,239 --> 00:34:35,560
Speaker 1: and so that means that that let me just slow

629
00:34:35,560 --> 00:34:38,080
Speaker 1: it down because you know, a million dollars you probably

630
00:34:38,080 --> 00:34:40,080
Speaker 1: got a lot of people hung up on micro should

631
00:34:40,200 --> 00:34:42,440
Speaker 1: right there. I can't even listen to this guy. I

632
00:34:42,440 --> 00:34:44,560
Speaker 1: don't have a million dollars, you know, because of the

633
00:34:44,640 --> 00:34:47,600
Speaker 1: fact that you know, we're talking about, you know, investing,

634
00:34:47,680 --> 00:34:51,000
Speaker 1: and so they say a small amount of money. I

635
00:34:51,040 --> 00:34:53,759
Speaker 1: want to invest a small amount of money. Is it

636
00:34:53,840 --> 00:34:56,600
Speaker 1: worth it? And let me ask that question because you know,

637
00:34:56,640 --> 00:34:58,680
Speaker 1: as a child, you know to just put twenty dollars

638
00:34:58,680 --> 00:35:00,000
Speaker 1: in a bank, but one hundred dollars in a bank.

639
00:35:01,239 --> 00:35:06,600
Speaker 1: Where is a starting point for investing or savings and

640
00:35:06,760 --> 00:35:09,600
Speaker 1: creating a relationship what a person like you or should

641
00:35:09,600 --> 00:35:11,840
Speaker 1: we just go to an app like a robin Hood

642
00:35:11,880 --> 00:35:14,919
Speaker 1: type app type to to get started? Can they come

643
00:35:14,960 --> 00:35:18,480
Speaker 1: to you with a small amount of money to invest

644
00:35:18,480 --> 00:35:23,520
Speaker 1: and start their their road their journey to financial success?

645
00:35:25,239 --> 00:35:30,359
Speaker 1: And so I want to say that, yes, you can

646
00:35:30,520 --> 00:35:34,800
Speaker 1: start with a small amount of money to invest. The

647
00:35:35,640 --> 00:35:40,760
Speaker 1: criteria and I give this to clients across the board.

648
00:35:41,760 --> 00:35:45,839
Speaker 1: Children of my clients, we have to start with savings

649
00:35:46,200 --> 00:35:50,760
Speaker 1: right right, And for a young adult that's starting out

650
00:35:51,640 --> 00:35:56,200
Speaker 1: and they're looking to buy their own, their first car

651
00:35:56,400 --> 00:36:00,400
Speaker 1: and potentially save to get their first home. Do you

652
00:36:00,520 --> 00:36:03,839
Speaker 1: have an emergency fund? You know? I always start there.

653
00:36:04,320 --> 00:36:09,360
Speaker 1: And the criteria to establish an emergency fund. If you're single,

654
00:36:09,800 --> 00:36:15,040
Speaker 1: it's six months times your monthly expenses, your electric, your rent,

655
00:36:15,320 --> 00:36:20,320
Speaker 1: your gas, whatever your monthly expenses are six times that amount,

656
00:36:20,960 --> 00:36:24,200
Speaker 1: that should be your emergency fund. If you're married or

657
00:36:24,200 --> 00:36:28,360
Speaker 1: your couple is three times your monthly expenses. So once

658
00:36:28,440 --> 00:36:33,400
Speaker 1: you've established your emergency fund, then the moneys that you

659
00:36:33,520 --> 00:36:36,880
Speaker 1: have left over, that's what you use to invest. And

660
00:36:37,000 --> 00:36:39,520
Speaker 1: you start where you are. And if it's a hundred

661
00:36:39,560 --> 00:36:42,919
Speaker 1: dollars a month, that's where you start. And if it's

662
00:36:42,920 --> 00:36:46,880
Speaker 1: a thousand or five thousand, that's where you start. But

663
00:36:47,040 --> 00:36:51,880
Speaker 1: I definitely encourage at any level you should start. Okay, cool,

664
00:36:52,480 --> 00:36:54,120
Speaker 1: I think they're back on every but I think they've

665
00:36:54,120 --> 00:36:57,080
Speaker 1: rejoined me. The one hundred dollars they rejoined me so good.

666
00:36:58,120 --> 00:37:03,239
Speaker 1: I can see the phones are lightening up now. But

667
00:37:03,400 --> 00:37:05,799
Speaker 1: you know, you know the fun the fun part about

668
00:37:05,800 --> 00:37:07,680
Speaker 1: I got all these you know, got these people on

669
00:37:07,840 --> 00:37:11,080
Speaker 1: TV screaming about stock and I got these different shows

670
00:37:11,120 --> 00:37:13,680
Speaker 1: talking about the stock market going up going down. And

671
00:37:14,040 --> 00:37:16,719
Speaker 1: you know, what is what is it? You're a term

672
00:37:16,719 --> 00:37:20,239
Speaker 1: of hot stock? What is what is Is that a

673
00:37:20,360 --> 00:37:23,520
Speaker 1: term that's being used on television only or that term

674
00:37:23,640 --> 00:37:27,040
Speaker 1: is used within your and your framework of doing business?

675
00:37:27,400 --> 00:37:32,120
Speaker 1: The word hot stock? You know, I get that all

676
00:37:32,160 --> 00:37:36,080
Speaker 1: the time. Um. You know, I I go out and

677
00:37:36,320 --> 00:37:40,120
Speaker 1: people are um here and understand what I do, and

678
00:37:40,480 --> 00:37:45,600
Speaker 1: they're asking, you know, for a trip or to you know,

679
00:37:46,000 --> 00:37:48,360
Speaker 1: what are the hot stocks that I should invest in?

680
00:37:48,960 --> 00:37:53,800
Speaker 1: And and I mean it's not a bad question, right, um,

681
00:37:54,000 --> 00:37:56,359
Speaker 1: but you know I have to tell them that our

682
00:37:56,400 --> 00:38:00,719
Speaker 1: team primarily focuses on longer term investing, So we don't

683
00:38:00,760 --> 00:38:06,280
Speaker 1: necessarily recommend a stock or two for short term purchase,

684
00:38:06,920 --> 00:38:10,680
Speaker 1: nor will we recommend just one or two for a portfolio.

685
00:38:11,160 --> 00:38:15,520
Speaker 1: You know, it's all about asset allocation. And if you

686
00:38:15,600 --> 00:38:19,560
Speaker 1: are starting if you're starting out and you cannot diversify

687
00:38:19,719 --> 00:38:24,040
Speaker 1: across different sectors, you know, so there's eleven different sectors

688
00:38:24,080 --> 00:38:28,320
Speaker 1: you may not benefit from one or two stocks, because

689
00:38:28,320 --> 00:38:31,600
Speaker 1: if those one or two stocks go down, then you've

690
00:38:31,680 --> 00:38:35,560
Speaker 1: lost all your money, right, you know, So we recommend

691
00:38:35,880 --> 00:38:38,799
Speaker 1: instead of picking that one or two that you look

692
00:38:38,920 --> 00:38:42,880
Speaker 1: at a SMP index and you put your money in

693
00:38:43,040 --> 00:38:46,319
Speaker 1: that index fund. And so an index fund like that

694
00:38:46,600 --> 00:38:53,560
Speaker 1: tracks the SMP five hundred. All of the major companies

695
00:38:54,120 --> 00:38:57,279
Speaker 1: in the US in the SMP five hundred. So that

696
00:38:57,320 --> 00:39:00,480
Speaker 1: would be the recommendation. We'll be right back with more

697
00:39:00,480 --> 00:39:08,120
Speaker 1: Money Making Conversations Masterclass with Rashan McDonald. Now let's return

698
00:39:08,200 --> 00:39:13,560
Speaker 1: to Money Making Conversations Masterclass with Rashan McDonald. You know,

699
00:39:13,600 --> 00:39:18,600
Speaker 1: I've been involved personally investing ever since my early thirties

700
00:39:18,600 --> 00:39:21,600
Speaker 1: and and as I've gotten older, you know, different people

701
00:39:21,600 --> 00:39:24,040
Speaker 1: I've talked to have advised me, Okay, do you want

702
00:39:24,040 --> 00:39:25,920
Speaker 1: to be aggressive? Do you want to be a moderate

703
00:39:26,040 --> 00:39:28,880
Speaker 1: or you want to be conservative? And that's those the

704
00:39:28,960 --> 00:39:31,799
Speaker 1: sectors you're talking about. Are those the way or how

705
00:39:31,840 --> 00:39:36,640
Speaker 1: you want to spend your money based on your age? So, UM,

706
00:39:36,760 --> 00:39:42,880
Speaker 1: that's risk tolerance, oderate aggressive and people have to understand

707
00:39:42,960 --> 00:39:46,160
Speaker 1: their risk tolerance. Okay. Now, so if you're the kind

708
00:39:46,360 --> 00:39:51,200
Speaker 1: that you can go to Vegas and um, get on

709
00:39:51,680 --> 00:39:58,040
Speaker 1: the the what is that we all call you're you're

710
00:39:58,160 --> 00:40:01,040
Speaker 1: you're putting all your chips on all right, right, right

711
00:40:03,400 --> 00:40:09,000
Speaker 1: the roulette. Then then you're aggressive, You're willing to take chances,

712
00:40:09,040 --> 00:40:11,520
Speaker 1: and you know, you just want to go with it.

713
00:40:11,840 --> 00:40:15,120
Speaker 1: And so someone like that would invest in one hundred

714
00:40:15,160 --> 00:40:20,120
Speaker 1: percent equities, one hundred percent stocks if you are more conservative,

715
00:40:20,640 --> 00:40:24,759
Speaker 1: right and you're only on that penny slot machine or

716
00:40:24,840 --> 00:40:31,359
Speaker 1: that slot machine, you really conservative slot machine, right, you know,

717
00:40:31,440 --> 00:40:34,799
Speaker 1: So then we want to put more fixed income in

718
00:40:34,920 --> 00:40:39,320
Speaker 1: your portfolio, right, and then we want to put less

719
00:40:39,920 --> 00:40:44,560
Speaker 1: stocks or equities in your portfolio. But the sectors that

720
00:40:44,600 --> 00:40:49,560
Speaker 1: we're talking about are the different sectors that covers the market,

721
00:40:49,680 --> 00:40:53,680
Speaker 1: you know. So we have construction and materials, we have

722
00:40:54,440 --> 00:40:59,640
Speaker 1: UM industrials, we have healthcare, we have reached is a

723
00:40:59,680 --> 00:41:02,560
Speaker 1: sect turn now and and so that's what I'm talking

724
00:41:02,640 --> 00:41:06,759
Speaker 1: about technology. Okay, cool, well, Sanny. We have a call

725
00:41:06,840 --> 00:41:11,279
Speaker 1: in from David Buckhead. Hey, Dave, how you doing. Hey,

726
00:41:11,320 --> 00:41:13,920
Speaker 1: I'm doing pretty good. I'm doing pretty good, Dave. We

727
00:41:13,960 --> 00:41:15,960
Speaker 1: have sun your Fears on the call off. She's from

728
00:41:15,960 --> 00:41:18,680
Speaker 1: Morgan Stanley is one of the financial advisors on the show.

729
00:41:18,680 --> 00:41:21,680
Speaker 1: You have a question for her. Yeah, thanks for putting

730
00:41:21,680 --> 00:41:24,160
Speaker 1: me through. Um. You know, when I turned my radio down,

731
00:41:24,320 --> 00:41:27,320
Speaker 1: I caught the piece of information that Sonny was passing

732
00:41:27,320 --> 00:41:30,040
Speaker 1: along about Penny investors, and I was like, yeah, you know,

733
00:41:30,120 --> 00:41:35,560
Speaker 1: I got all excited. But you know, my question was

734
00:41:35,600 --> 00:41:39,920
Speaker 1: really really geared towards say, a person whose middle age

735
00:41:40,320 --> 00:41:44,400
Speaker 1: or uh you know that has some investments in the

736
00:41:44,400 --> 00:41:48,040
Speaker 1: stock market, you know, with particular and particular stock. But

737
00:41:48,120 --> 00:41:52,120
Speaker 1: then more so I thought about, you know, um, the

738
00:41:52,160 --> 00:41:55,520
Speaker 1: beginning of the conversation where you both were talking about

739
00:41:55,560 --> 00:41:58,560
Speaker 1: how that information is funneled down and I hate to

740
00:41:58,640 --> 00:42:00,759
Speaker 1: use that word loosely, but it's true in my case,

741
00:42:00,840 --> 00:42:06,840
Speaker 1: funnel down about financial knowledge, training, understanding how money works. Um,

742
00:42:06,880 --> 00:42:10,319
Speaker 1: you know, those resources unfortunately weren't really available to me,

743
00:42:11,360 --> 00:42:17,280
Speaker 1: you know. And um so so having said all that, um,

744
00:42:17,320 --> 00:42:21,920
Speaker 1: you know, in terms of why black people, uh are

745
00:42:21,960 --> 00:42:25,839
Speaker 1: are I guess low end users of these services, I

746
00:42:25,880 --> 00:42:29,800
Speaker 1: think are because in my case, like I would probably

747
00:42:29,840 --> 00:42:34,200
Speaker 1: want to see an investment come uh quicker than what

748
00:42:34,239 --> 00:42:36,120
Speaker 1: I'm I think what I'm hearing is more long term.

749
00:42:36,160 --> 00:42:38,560
Speaker 1: Would you say that that's true? Like stocks, they're more

750
00:42:38,600 --> 00:42:41,440
Speaker 1: long term investments when you're dealing with somebody like, so

751
00:42:41,560 --> 00:42:43,839
Speaker 1: on your fears, right, what you're what you're teaching down

752
00:42:45,680 --> 00:42:49,160
Speaker 1: and it's not just and thank you for that, um

753
00:42:49,239 --> 00:42:53,920
Speaker 1: and thank you um, you know for even pointing out

754
00:42:53,960 --> 00:42:57,719
Speaker 1: that you're you're in the market, um and and and

755
00:42:57,800 --> 00:43:01,640
Speaker 1: that the the information gets funnel down, you know, And

756
00:43:01,680 --> 00:43:03,880
Speaker 1: I want to start there, you know. So for a

757
00:43:03,920 --> 00:43:06,560
Speaker 1: lot of us, or a lot of people that say,

758
00:43:06,640 --> 00:43:10,080
Speaker 1: I don't know anything about investing, I don't know anything

759
00:43:10,120 --> 00:43:12,960
Speaker 1: about the stock market. And I have to use myself

760
00:43:13,000 --> 00:43:15,439
Speaker 1: for as an example. My husband gets on me all

761
00:43:15,440 --> 00:43:18,000
Speaker 1: the time. He said, well, if you don't understand, why

762
00:43:18,000 --> 00:43:20,799
Speaker 1: don't you just google it up and and and look

763
00:43:20,840 --> 00:43:24,359
Speaker 1: it up. The information is out there now, right, and

764
00:43:24,480 --> 00:43:27,120
Speaker 1: so all of us we can google it, we can

765
00:43:27,400 --> 00:43:31,640
Speaker 1: look it up online, and so it's much more available.

766
00:43:32,000 --> 00:43:34,800
Speaker 1: And so that's the thing I want to encourage people.

767
00:43:35,400 --> 00:43:39,640
Speaker 1: You start googling, you start looking up information, you start

768
00:43:39,680 --> 00:43:43,439
Speaker 1: searching for financial seminars, because there's a lot of free

769
00:43:43,600 --> 00:43:47,400
Speaker 1: education out there on investing and on the market. And

770
00:43:47,440 --> 00:43:49,960
Speaker 1: so that's what people need. To start looking for the

771
00:43:50,040 --> 00:43:53,920
Speaker 1: information and trying to get the knowledge. That's where it starts.

772
00:43:54,280 --> 00:43:57,440
Speaker 1: Dave said something that I wouldn't say struggle nerve with me,

773
00:43:57,560 --> 00:44:01,560
Speaker 1: but it did you know about giving somebody your money

774
00:44:01,719 --> 00:44:05,239
Speaker 1: and then trying to get it back with the showing

775
00:44:05,360 --> 00:44:10,600
Speaker 1: rapid um or a rapid increasing their money. Because that's

776
00:44:10,600 --> 00:44:13,680
Speaker 1: that's always the sentiment that you feel when you watch

777
00:44:13,760 --> 00:44:16,880
Speaker 1: the stock market, that people will just putting money and

778
00:44:16,880 --> 00:44:19,120
Speaker 1: they get money back and they are happy and they celebrate.

779
00:44:19,719 --> 00:44:22,640
Speaker 1: That's the false sense of how stock the stock market

780
00:44:22,719 --> 00:44:28,520
Speaker 1: actually works. Correct, it really is. Um? What um? And

781
00:44:28,560 --> 00:44:31,960
Speaker 1: I'm so glad you brought that back up because that's

782
00:44:32,080 --> 00:44:34,920
Speaker 1: that's a very important point that that day brought up

783
00:44:35,320 --> 00:44:39,080
Speaker 1: and question that he asked. So in terms of returning

784
00:44:39,320 --> 00:44:44,640
Speaker 1: on your investment. Again, UM, once you're educated and you're comfortable,

785
00:44:44,760 --> 00:44:47,399
Speaker 1: and you have your savings and you're willing to get

786
00:44:47,440 --> 00:44:50,920
Speaker 1: into the market, you have to understand that, Um, you

787
00:44:51,040 --> 00:44:57,680
Speaker 1: can't time the market right. So if you invested, say

788
00:44:57,719 --> 00:45:03,520
Speaker 1: October or than November of last year, we all heard

789
00:45:03,600 --> 00:45:07,839
Speaker 1: that the markets were at all time highs, right, and

790
00:45:07,960 --> 00:45:10,240
Speaker 1: people are thinking all a lot of people are making

791
00:45:10,239 --> 00:45:13,680
Speaker 1: money in the market, this is the time to get in, right,

792
00:45:13,719 --> 00:45:16,479
Speaker 1: So you get in then the market are at all

793
00:45:16,520 --> 00:45:19,880
Speaker 1: time highs. And so when it's at all time highs.

794
00:45:20,000 --> 00:45:22,560
Speaker 1: There's only one place for it to go, and it's

795
00:45:22,600 --> 00:45:26,360
Speaker 1: going to go down, right, And so we were saying

796
00:45:26,400 --> 00:45:29,279
Speaker 1: at the end of last year, we are overdue for

797
00:45:29,360 --> 00:45:33,200
Speaker 1: a correction in the market. We're overdue for at least

798
00:45:33,200 --> 00:45:36,560
Speaker 1: ten to fifteen percent correction in the market. We knew that.

799
00:45:36,920 --> 00:45:39,840
Speaker 1: And so when you try to time the market, you

800
00:45:39,880 --> 00:45:43,200
Speaker 1: put your money in and you think that by yeah,

801
00:45:43,320 --> 00:45:46,440
Speaker 1: by March or you know, February next year, I'm going

802
00:45:46,480 --> 00:45:49,480
Speaker 1: to be rich because the market is at all time highs.

803
00:45:49,719 --> 00:45:52,000
Speaker 1: And you look at the market now that that was

804
00:45:52,040 --> 00:45:55,160
Speaker 1: down eight hundred points yesterday, and if people are looking

805
00:45:55,280 --> 00:45:59,520
Speaker 1: at their four one case or their retirements, it's down significant.

806
00:46:00,320 --> 00:46:03,560
Speaker 1: So this is the time and this is where you

807
00:46:03,560 --> 00:46:06,600
Speaker 1: know it's so you always um and this is something

808
00:46:06,640 --> 00:46:10,759
Speaker 1: that we learned. You go. It's a contrarian theory. They said,

809
00:46:10,920 --> 00:46:15,840
Speaker 1: you always go against public sentiments because when the market

810
00:46:16,040 --> 00:46:20,440
Speaker 1: is like this and it's down so significantly and there's

811
00:46:20,480 --> 00:46:23,719
Speaker 1: all this volatility, people are scared and they don't want

812
00:46:23,760 --> 00:46:25,600
Speaker 1: to get in because they say, oh, I'm gonna lose

813
00:46:25,640 --> 00:46:28,120
Speaker 1: all my money. This is the time to get in.

814
00:46:29,040 --> 00:46:31,399
Speaker 1: It is not the time to get in when it's

815
00:46:31,400 --> 00:46:36,440
Speaker 1: at all time highs because it's already gone up. So

816
00:46:36,719 --> 00:46:40,000
Speaker 1: that's the thing, and it can happen overnight. You have

817
00:46:40,120 --> 00:46:43,960
Speaker 1: to be willing to leave it in there and wait

818
00:46:44,040 --> 00:46:46,680
Speaker 1: till next year. The time something I want to get

819
00:46:46,680 --> 00:46:48,600
Speaker 1: a call in right quick, I know it. Then the show.

820
00:46:48,640 --> 00:46:50,960
Speaker 1: But Cynthia, as you called in cent there from Atlanta,

821
00:46:51,000 --> 00:46:52,719
Speaker 1: how are you doing, cynthing, you have a question for

822
00:46:52,800 --> 00:46:56,359
Speaker 1: sign your fears? Yes, I do. I want to just

823
00:46:57,160 --> 00:47:01,120
Speaker 1: find out. So I'm a middle age person heading close

824
00:47:01,160 --> 00:47:05,680
Speaker 1: to sixty. My children are grown and gone now, and

825
00:47:05,880 --> 00:47:09,000
Speaker 1: I'm wondering is it too late to start? If not,

826
00:47:09,760 --> 00:47:15,920
Speaker 1: where do I start? It is definitely definitely not too late.

827
00:47:17,160 --> 00:47:21,920
Speaker 1: And if you're saying you're close to sixty one, do

828
00:47:22,040 --> 00:47:25,680
Speaker 1: you have a financial plan? And two, I mean you're

829
00:47:25,680 --> 00:47:29,080
Speaker 1: close to sixty and we anticipate that you're gonna live

830
00:47:29,200 --> 00:47:33,520
Speaker 1: till ninety ninety five. That's thirty years of investing and

831
00:47:33,640 --> 00:47:38,040
Speaker 1: being in the market. And if we put Moneys in

832
00:47:38,160 --> 00:47:41,879
Speaker 1: the market now, regardless of how much it is, I

833
00:47:41,880 --> 00:47:44,799
Speaker 1: can show you a model out for you what that

834
00:47:44,840 --> 00:47:48,399
Speaker 1: would do for you in thirty years. It's never too late.

835
00:47:50,200 --> 00:47:53,240
Speaker 1: And then where you start, Cynthia, I don't think Cynthia

836
00:47:53,239 --> 00:47:58,440
Speaker 1: was ready for that. I think really synthey didn't know

837
00:47:58,560 --> 00:48:01,200
Speaker 1: you're gonna live at ninety five. She say, you shocked

838
00:48:01,239 --> 00:48:04,000
Speaker 1: her right there, said this in ninety five. She knows

839
00:48:04,000 --> 00:48:06,440
Speaker 1: something I don't know. Ninety fi. I gotta start, I

840
00:48:06,440 --> 00:48:11,279
Speaker 1: gotta start investing. I gotta get with my fault one kids, right,

841
00:48:11,680 --> 00:48:15,799
Speaker 1: you know. Rather she's ready to retire, she's ready to

842
00:48:15,840 --> 00:48:17,680
Speaker 1: go something, but she wasn't ready to hear she's gonna

843
00:48:17,719 --> 00:48:19,360
Speaker 1: live to ninety five. I'm gonna let you know right

844
00:48:19,440 --> 00:48:22,120
Speaker 1: right now. Inside that shocked that. She got real quiet.

845
00:48:22,200 --> 00:48:26,240
Speaker 1: She said, ninety five. Man, I'm invested in the stock

846
00:48:26,280 --> 00:48:30,319
Speaker 1: market at ninty five. But that But that's what I

847
00:48:30,320 --> 00:48:32,960
Speaker 1: try to tell on this show because people they set

848
00:48:33,040 --> 00:48:36,719
Speaker 1: age limited age restrictions on what they can do and

849
00:48:36,800 --> 00:48:40,640
Speaker 1: what they're supposed to do. Because at sixty, you're not retiring,

850
00:48:40,719 --> 00:48:44,719
Speaker 1: you're just living. You continue to keep dreaming, keep investing

851
00:48:44,760 --> 00:48:49,200
Speaker 1: in vacations, keep investing in yourself. More importantly, because what

852
00:48:49,320 --> 00:48:53,360
Speaker 1: happens is when you stop dreaming, when you stop investing yourself,

853
00:48:53,640 --> 00:48:57,160
Speaker 1: then guess what it affects you physically? Mentally, you have

854
00:48:57,200 --> 00:49:00,040
Speaker 1: no motivation. So when you get the ninety five, you

855
00:49:00,040 --> 00:49:02,640
Speaker 1: look ninety five, you walk ninety five, you have ninety

856
00:49:02,680 --> 00:49:05,120
Speaker 1: five year old money, which usually if you didn't invest,

857
00:49:05,160 --> 00:49:08,400
Speaker 1: you have nothing. And so that means she's telling anybody

858
00:49:08,400 --> 00:49:11,319
Speaker 1: who's listening, do not think there's an age limit. If

859
00:49:11,320 --> 00:49:15,600
Speaker 1: you seventy you can still invest. If you eighty, you

860
00:49:15,640 --> 00:49:19,640
Speaker 1: can still invest. But it's the different approach to the investment,

861
00:49:20,040 --> 00:49:22,080
Speaker 1: the different approach to what you're trying to get out

862
00:49:22,080 --> 00:49:24,520
Speaker 1: of it. What is your financial player, what's your angle?

863
00:49:24,800 --> 00:49:34,279
Speaker 1: So Cynthia, she's telling you, yes, you can continue, give

864
00:49:34,360 --> 00:49:36,200
Speaker 1: me a call so we could talk about what you

865
00:49:36,239 --> 00:49:41,120
Speaker 1: can do. Yes, sounds great. There you go. Sit there,

866
00:49:40,960 --> 00:49:44,439
Speaker 1: we revived Cynthia. See she probably gonna go shopping now.

867
00:49:44,640 --> 00:49:47,560
Speaker 1: She said, ninety five, I gotta buy some new clouds.

868
00:49:50,160 --> 00:49:52,040
Speaker 1: I know we have like a couple of minutes left.

869
00:49:52,480 --> 00:49:55,920
Speaker 1: I want to squeeze in. One question. Dividends, stocks that

870
00:49:56,040 --> 00:50:02,640
Speaker 1: have dividends tied to it, is that advantageous. Absolutely. You

871
00:50:02,800 --> 00:50:07,080
Speaker 1: find these days that you get more income from dividends

872
00:50:07,200 --> 00:50:10,240
Speaker 1: than you do from bonds. From the yield and bonds.

873
00:50:10,280 --> 00:50:14,040
Speaker 1: So traditionally a lot of people invested in bonds are

874
00:50:14,120 --> 00:50:17,600
Speaker 1: fixed income because they would get income. That's why it's

875
00:50:17,640 --> 00:50:21,000
Speaker 1: called fixed income. They would get a set amount of

876
00:50:21,200 --> 00:50:26,120
Speaker 1: income from bonds and and the world's changed. Where you

877
00:50:26,200 --> 00:50:31,759
Speaker 1: get income these days is from stocks, dividend paying stocks.

878
00:50:31,960 --> 00:50:36,320
Speaker 1: And you can earn more income annually from dividend paying

879
00:50:36,400 --> 00:50:41,000
Speaker 1: stocks these days from them fixed income and bonds. Well,

880
00:50:41,040 --> 00:50:44,160
Speaker 1: I'm gonna tell you, Stunia, you are are amazing. I

881
00:50:44,200 --> 00:50:46,240
Speaker 1: hope you have find time to come back on Money

882
00:50:46,239 --> 00:50:49,720
Speaker 1: Making Conversations, Masterclass. I know for a fact you change

883
00:50:49,760 --> 00:50:53,279
Speaker 1: Cynthia's life. Okay, she's in a little ninny five and Dave,

884
00:50:53,400 --> 00:50:55,680
Speaker 1: now he's gonna get off the penny slot machine and

885
00:50:55,800 --> 00:50:58,560
Speaker 1: realize that the money's not going to come back tomorrow.

886
00:50:58,719 --> 00:51:01,000
Speaker 1: It's gonna come back over May a six month period.

887
00:51:01,160 --> 00:51:04,040
Speaker 1: But more important, you told everybody when the stock is

888
00:51:04,080 --> 00:51:08,960
Speaker 1: on fire, wait wait, because it's gonna calm down. And

889
00:51:09,080 --> 00:51:12,040
Speaker 1: when it calms down, slide down. Catch it on the

890
00:51:12,120 --> 00:51:15,160
Speaker 1: slide down, don't catch it on the go up, because

891
00:51:15,200 --> 00:51:18,440
Speaker 1: the go up is when you want your money been

892
00:51:18,480 --> 00:51:21,200
Speaker 1: put in at the slide down. And so again I

893
00:51:21,280 --> 00:51:22,680
Speaker 1: want to thank you for taking the time of coming

894
00:51:22,719 --> 00:51:26,200
Speaker 1: on Money Making Conversations, Masterclass. And again you were fantastic

895
00:51:26,280 --> 00:51:28,399
Speaker 1: and now next time bring your daughter, bring your daughter

896
00:51:28,480 --> 00:51:31,759
Speaker 1: on come in studio. I will, okay, absolutely, it was

897
00:51:31,840 --> 00:51:35,040
Speaker 1: my absolute pleasure. Rashan, thank you so much for having

898
00:51:35,160 --> 00:51:38,359
Speaker 1: me on. I appreciate you've been listening to Money Making

899
00:51:38,440 --> 00:51:43,080
Speaker 1: Conversations Masterclass with Rushan McDonald. Always remember to lead with

900
00:51:43,200 --> 00:51:48,040
Speaker 1: your gifts. Money Making Conversations Masterclass is a presentation of

901
00:51:48,160 --> 00:51:53,399
Speaker 1: thirty eight fifteen Media Incorporated. You are now tuned into

902
00:51:53,440 --> 00:51:58,000
Speaker 1: the Money Making Conversations Minute of Inspiration with Rashaan McDonald. Hi,

903
00:51:58,040 --> 00:52:01,040
Speaker 1: I'm Rashan McDonald for Money Making Conversation, your masterclassroom, your

904
00:52:01,080 --> 00:52:04,239
Speaker 1: daily minute of Inspiration. I sat down with CEO and

905
00:52:04,360 --> 00:52:08,840
Speaker 1: founder of Curls Television star business mentor and Arthur Mahisha Dillinger.

906
00:52:09,400 --> 00:52:11,520
Speaker 1: She shared the wisdom of keeping your job as you

907
00:52:11,600 --> 00:52:14,800
Speaker 1: build your business. That is correct. I had to I

908
00:52:14,880 --> 00:52:18,000
Speaker 1: always always always mentor and subject. When I mentor, I

909
00:52:18,080 --> 00:52:20,439
Speaker 1: suggest that you keep your day job until your site

910
00:52:20,480 --> 00:52:23,120
Speaker 1: hustle becomes your main hustol and you can no longer

911
00:52:23,200 --> 00:52:26,440
Speaker 1: do both. Right, So, because you have to keep money in,

912
00:52:26,880 --> 00:52:29,000
Speaker 1: people want to just quit their jobs and go in

913
00:52:29,200 --> 00:52:31,640
Speaker 1: all feed for it. I feel like that's that's great,

914
00:52:32,120 --> 00:52:36,960
Speaker 1: but it's not practical, and soul I always suggest doing

915
00:52:37,040 --> 00:52:39,279
Speaker 1: both until you can't do both anymore and you have

916
00:52:39,400 --> 00:52:43,160
Speaker 1: a long history of success in the business that shows

917
00:52:43,160 --> 00:52:45,440
Speaker 1: you can actually maintain or list off of that. You

918
00:52:45,520 --> 00:52:48,399
Speaker 1: can listen to this full interview with Mahisha Dillinger. It's

919
00:52:48,400 --> 00:52:50,440
Speaker 1: available on Moneymaking Conversations dot com.