1
00:00:01,360 --> 00:00:03,640
Speaker 1: This episode is brought to you by P and C Bank.

2
00:00:04,000 --> 00:00:06,760
Speaker 1: A lot of people think podcasts about work are boring,

3
00:00:07,000 --> 00:00:10,840
Speaker 1: and sure they definitely can be, but understanding a professionals

4
00:00:10,920 --> 00:00:14,160
Speaker 1: routine shows us how they achieve their success little by little,

5
00:00:14,560 --> 00:00:18,200
Speaker 1: day after day. It's like banking with P and C Bank.

6
00:00:18,680 --> 00:00:21,480
Speaker 1: It might seem boring to safe plan and make calculated

7
00:00:21,480 --> 00:00:24,599
Speaker 1: decisions with your bank, but keeping your money boring is

8
00:00:24,640 --> 00:00:27,960
Speaker 1: what helps you live or more happily fulfilled life. P

9
00:00:28,080 --> 00:00:32,879
Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly

10
00:00:32,960 --> 00:00:35,600
Speaker 1: Boring since eighteen sixty five is a service mark of

11
00:00:35,600 --> 00:00:38,840
Speaker 1: the PNC Financial Service Group, Inc. P and C Bank

12
00:00:39,280 --> 00:00:45,920
Speaker 1: National Association Member FDIC erness What's Up? You ever walk

13
00:00:45,920 --> 00:00:49,000
Speaker 1: into a small business and everything just works like the

14
00:00:49,080 --> 00:00:53,200
Speaker 1: checkout is fast, the receipts are digital, tipping is a breeze,

15
00:00:53,479 --> 00:00:55,640
Speaker 1: and you're out the door before the line even builds.

16
00:00:55,960 --> 00:01:00,240
Speaker 1: Odds are they're using Square? We love supporting business that

17
00:01:00,320 --> 00:01:02,959
Speaker 1: run on Square because it just feels seamless. Whether it's

18
00:01:03,000 --> 00:01:06,000
Speaker 1: a local coffee shop, a vendor at a pop up market,

19
00:01:06,200 --> 00:01:09,040
Speaker 1: or even one of our merch partners. Square makes it

20
00:01:09,200 --> 00:01:12,559
Speaker 1: easy for them to take payments, manage inventory, and run

21
00:01:12,600 --> 00:01:16,600
Speaker 1: their business with confidence, all from one simple system. If

22
00:01:16,640 --> 00:01:19,480
Speaker 1: you're a business owner or even just thinking about launching

23
00:01:19,520 --> 00:01:22,520
Speaker 1: something soon, Square is hands down one of the best

24
00:01:22,520 --> 00:01:25,680
Speaker 1: tools out there to help you start, run, and grow.

25
00:01:25,959 --> 00:01:28,959
Speaker 1: It's not just about payments, it's about giving you time

26
00:01:29,080 --> 00:01:32,000
Speaker 1: back so you can focus on what matters most ready.

27
00:01:32,040 --> 00:01:35,399
Speaker 1: To see how Square can transform your business, visit Square

28
00:01:35,480 --> 00:01:40,160
Speaker 1: dot com backslash go backslash eyl to learn more. That's

29
00:01:40,200 --> 00:01:45,640
Speaker 1: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.

30
00:01:45,760 --> 00:01:48,160
Speaker 1: Let's Square handle the back end so you can keep

31
00:01:48,160 --> 00:01:49,400
Speaker 1: pushing your vision forward.

32
00:01:51,680 --> 00:01:53,440
Speaker 2: I have a question for you to start the week,

33
00:01:55,640 --> 00:01:58,560
Speaker 2: and it was a controversial take, but I think as

34
00:01:58,560 --> 00:02:01,880
Speaker 2: a conversation that's needed to be had is the American

35
00:02:01,960 --> 00:02:03,400
Speaker 2: dream dead.

36
00:02:05,520 --> 00:02:05,720
Speaker 1: Yeah.

37
00:02:06,040 --> 00:02:09,320
Speaker 2: I know, they say, y'all unlucky, y'all entrepreneurs, you live

38
00:02:09,360 --> 00:02:12,280
Speaker 2: in America. Shout to you for Trump supporters in here,

39
00:02:12,560 --> 00:02:15,679
Speaker 2: go back to where you came from. Yeah, I hear you.

40
00:02:15,720 --> 00:02:19,359
Speaker 2: But at scale, it's a conversation that needs to be had.

41
00:02:19,400 --> 00:02:23,760
Speaker 3: What do you think? Yeah, for sure, that's how we

42
00:02:23,800 --> 00:02:25,480
Speaker 3: start the book off, for sure. So you know it's

43
00:02:25,480 --> 00:02:28,440
Speaker 3: definitely a little controversial, but I look at it like this,

44
00:02:28,600 --> 00:02:31,000
Speaker 3: as far as I'll speak on the good side. First,

45
00:02:31,280 --> 00:02:34,400
Speaker 3: if you're an entrepreneur, if you're trying to really chase

46
00:02:34,440 --> 00:02:39,280
Speaker 3: your dreams, America is flowed in a lot of ways

47
00:02:40,600 --> 00:02:44,680
Speaker 3: past and present, but there's no place like America. Only

48
00:02:44,720 --> 00:02:47,240
Speaker 3: in America. That was the slogan for Don King. So

49
00:02:47,960 --> 00:02:49,440
Speaker 3: America is still a place Trump.

50
00:02:49,440 --> 00:02:52,960
Speaker 2: I'm like, boy, hold on, hold on, don remember Don King?

51
00:02:53,040 --> 00:02:54,920
Speaker 3: That was only in America, that was his thing.

52
00:02:55,040 --> 00:02:57,560
Speaker 2: Yeah, I kill it. We gotta talk about the black

53
00:02:57,560 --> 00:02:59,040
Speaker 2: culture votures one day, but go ahead.

54
00:03:00,880 --> 00:03:01,720
Speaker 3: He's a legend though.

55
00:03:02,320 --> 00:03:02,760
Speaker 1: For sure.

56
00:03:02,760 --> 00:03:04,440
Speaker 2: I'm not taking that away.

57
00:03:04,120 --> 00:03:07,079
Speaker 3: Yeah, yeah, for sure. But you know, when you look

58
00:03:07,120 --> 00:03:08,840
Speaker 3: at the situation, as far as you know, if you

59
00:03:08,919 --> 00:03:11,440
Speaker 3: really America is a place where you can really get busy,

60
00:03:11,760 --> 00:03:14,440
Speaker 3: put your head down twenty four months, make the right moves,

61
00:03:15,440 --> 00:03:17,840
Speaker 3: and you can really really change your life in America.

62
00:03:18,919 --> 00:03:22,079
Speaker 3: So I'll start off saying that. Now, as far as

63
00:03:22,080 --> 00:03:24,280
Speaker 3: the American dream, when I'm referring to a lot of

64
00:03:24,320 --> 00:03:26,840
Speaker 3: times when I speak about the American dream being a lot,

65
00:03:27,320 --> 00:03:31,200
Speaker 3: is that this idea that if you work hard and

66
00:03:31,280 --> 00:03:34,639
Speaker 3: you make it to the middle class. Then that's the

67
00:03:34,680 --> 00:03:39,160
Speaker 3: golden level of life and you can, you know, retire

68
00:03:39,200 --> 00:03:41,400
Speaker 3: at sixty five and you can send your kids to

69
00:03:41,520 --> 00:03:45,760
Speaker 3: college and every that to me is a lot. The

70
00:03:45,960 --> 00:03:50,280
Speaker 3: middle class is a product the mortgage system in America

71
00:03:50,360 --> 00:03:53,840
Speaker 3: is the product of the banking system. So the idea

72
00:03:53,960 --> 00:03:56,520
Speaker 3: ofkay you moving from and now we're seeing the reverse.

73
00:03:56,560 --> 00:03:58,600
Speaker 3: People are moving from the suburbs to the city. But

74
00:03:58,640 --> 00:04:00,960
Speaker 3: the idea that you move from the city to a

75
00:04:01,000 --> 00:04:03,760
Speaker 3: low ink, from a no income neighborhood to a suburb

76
00:04:04,200 --> 00:04:09,480
Speaker 3: to admit mid to you know, doing okay neighborhood has

77
00:04:09,520 --> 00:04:12,120
Speaker 3: some level of security. It's not true. You actually probably

78
00:04:12,120 --> 00:04:15,200
Speaker 3: have even less security because at least when you're paying rent,

79
00:04:15,240 --> 00:04:18,800
Speaker 3: you're just paying rent. Wor worse that happens is you

80
00:04:18,800 --> 00:04:20,720
Speaker 3: missed the rent and you get kicked out. The worst

81
00:04:20,720 --> 00:04:22,520
Speaker 3: thing that happens when you the fault on your loan

82
00:04:22,640 --> 00:04:25,080
Speaker 3: is that you could actually get sued and now you

83
00:04:25,160 --> 00:04:27,360
Speaker 3: got four hundred thousand dollars that you got to pay

84
00:04:27,400 --> 00:04:29,599
Speaker 3: and then it ruins your credit forever and then you

85
00:04:29,600 --> 00:04:31,880
Speaker 3: So it's actually way worse to the fault on a

86
00:04:31,880 --> 00:04:33,839
Speaker 3: mortgage than it is to just not pay your rent.

87
00:04:33,839 --> 00:04:35,880
Speaker 3: You could just walk out on the rent payment. But

88
00:04:35,920 --> 00:04:39,880
Speaker 3: the thing about it is this, most Americans are buying

89
00:04:39,880 --> 00:04:41,400
Speaker 3: homes that they can't afford. That's why you need to

90
00:04:41,400 --> 00:04:43,640
Speaker 3: watch the show tomorrow. Most Americans are buying homes that

91
00:04:43,640 --> 00:04:45,520
Speaker 3: they can't afford. So when you when you're putting something

92
00:04:45,560 --> 00:04:48,720
Speaker 3: on heavily over a debt, so you're going debt tremendous

93
00:04:48,720 --> 00:04:51,160
Speaker 3: amount of debt to make sure that you're living somewhere.

94
00:04:51,800 --> 00:04:55,640
Speaker 3: But the average person doesn't have four thousand dollars in savings.

95
00:04:56,160 --> 00:04:59,159
Speaker 3: So what that tells me is that that's why we

96
00:04:59,240 --> 00:05:01,080
Speaker 3: have to have compassion and for homeless people because we

97
00:05:01,080 --> 00:05:03,080
Speaker 3: don't know how they got there, either from the mental

98
00:05:03,080 --> 00:05:06,040
Speaker 3: aspect or the financial aspect. But the vast majority of

99
00:05:06,120 --> 00:05:10,680
Speaker 3: people are not far away from being homeless, right, We're

100
00:05:10,720 --> 00:05:13,800
Speaker 3: all just one decision and one paycheck away from being homeless.

101
00:05:14,360 --> 00:05:17,479
Speaker 3: So you got to think about this stuff right where

102
00:05:17,520 --> 00:05:21,400
Speaker 3: it's like, Okay, if you have four thousand dollars saved,

103
00:05:21,800 --> 00:05:24,400
Speaker 3: then that means that you're living pretty much paycheck to paycheck.

104
00:05:24,920 --> 00:05:29,160
Speaker 3: And if something happens for a month, let alone two months, right,

105
00:05:29,400 --> 00:05:33,240
Speaker 3: if you don't have family, you're gonna be out on

106
00:05:33,279 --> 00:05:35,440
Speaker 3: the street. That's not a dream to me. That's more

107
00:05:35,480 --> 00:05:38,159
Speaker 3: of a nightmare. So you got to you gotta leverage

108
00:05:38,800 --> 00:05:40,480
Speaker 3: the next thirty years to live in a home that

109
00:05:40,600 --> 00:05:43,840
Speaker 3: you can't afford, work every single day to make sure

110
00:05:43,839 --> 00:05:47,320
Speaker 3: that you just make sure you're maintaining that level. Right,

111
00:05:47,800 --> 00:05:50,840
Speaker 3: then you're sending your kids to college. The college is

112
00:05:51,000 --> 00:05:54,279
Speaker 3: thirty thousand, forty fifty thousand dollars a year. Man, the

113
00:05:54,320 --> 00:05:56,400
Speaker 3: average person, the average person. I just said, that person

114
00:05:56,440 --> 00:05:58,159
Speaker 3: got four thousand dollars in saving, So how they're gonna

115
00:05:58,160 --> 00:06:00,920
Speaker 3: pay thirty thousand dollars a year. Well, what happens you

116
00:06:01,000 --> 00:06:04,240
Speaker 3: student loans. So now you're in debt from your house.

117
00:06:04,560 --> 00:06:07,719
Speaker 3: The kids are in debt for their education. They're getting

118
00:06:07,760 --> 00:06:09,960
Speaker 3: degrees most of the time, that's not even going to

119
00:06:10,080 --> 00:06:12,760
Speaker 3: really advance them in life. So they're starting life out

120
00:06:12,800 --> 00:06:15,080
Speaker 3: with one hundred and fifty thousand dollars to the loan

121
00:06:15,120 --> 00:06:17,760
Speaker 3: debt and they're still not even able to find a job. Right.

122
00:06:18,360 --> 00:06:22,440
Speaker 3: And then when you look at it from a standpoint

123
00:06:22,480 --> 00:06:26,000
Speaker 3: of wages have stayed the same for the last thirty

124
00:06:26,080 --> 00:06:28,560
Speaker 3: years for the most part, but the.

125
00:06:28,560 --> 00:06:31,839
Speaker 2: Cost of adjusted for interest rates.

126
00:06:31,640 --> 00:06:34,520
Speaker 3: And inviation, the cost of living has gone up tremendously,

127
00:06:34,760 --> 00:06:36,680
Speaker 3: So it's like a it's like this on the chart.

128
00:06:37,200 --> 00:06:39,760
Speaker 3: So if wages are staying the same, the cost of

129
00:06:39,800 --> 00:06:42,680
Speaker 3: living is going up. The next question is how people

130
00:06:42,760 --> 00:06:45,360
Speaker 3: able to survive, how they buy in groceries. Is it's

131
00:06:45,400 --> 00:06:47,600
Speaker 3: a direct correlation to why credit card debt is at

132
00:06:47,600 --> 00:06:49,359
Speaker 3: are all time high and every year it becomes a

133
00:06:49,360 --> 00:06:51,360
Speaker 3: new all time high twllions of dollars of credit card debt.

134
00:06:51,400 --> 00:06:53,960
Speaker 3: Right because the difference that people are not making in

135
00:06:54,000 --> 00:06:58,200
Speaker 3: their income they're supplementing putting it on debt. So you're

136
00:06:58,240 --> 00:07:01,480
Speaker 3: living somewhere that you can't afford, You're sending your kids

137
00:07:01,480 --> 00:07:04,279
Speaker 3: to school for them that they can't afford. You're putting

138
00:07:04,279 --> 00:07:06,599
Speaker 3: yourself in debt on the on the home, you're putting

139
00:07:06,640 --> 00:07:10,480
Speaker 3: yourself in debt for the school, and then you're putting

140
00:07:10,520 --> 00:07:13,360
Speaker 3: yourself in even more debt to even just live day

141
00:07:13,440 --> 00:07:19,400
Speaker 3: to day life. That to me is a triple recipe

142
00:07:19,600 --> 00:07:24,440
Speaker 3: for disaster. We don't even talk about car payments and

143
00:07:24,440 --> 00:07:27,920
Speaker 3: in other and other forms of debt. So that's not

144
00:07:27,960 --> 00:07:31,320
Speaker 3: a dream, that's a nightmare. That's what most people. But

145
00:07:31,760 --> 00:07:34,720
Speaker 3: psychologically you can say, okay, well, I'm still doing better

146
00:07:35,400 --> 00:07:40,040
Speaker 3: than I was or somebody that's in abject poverty because

147
00:07:40,440 --> 00:07:44,520
Speaker 3: I'm not, you know, waiting on food lines and I'm

148
00:07:44,520 --> 00:07:47,240
Speaker 3: not starving. I have meals coming in. I could go

149
00:07:47,320 --> 00:07:52,520
Speaker 3: to Miami two times a year. But it's like that

150
00:07:52,640 --> 00:07:55,640
Speaker 3: dream is to keep you something. It's like putting a

151
00:07:55,680 --> 00:07:58,160
Speaker 3: carrot in front of the rabbit, but having them on

152
00:07:58,200 --> 00:08:00,360
Speaker 3: the treadmill. You could see it. Because if you're an

153
00:08:00,440 --> 00:08:03,440
Speaker 3: abject poverty now you you well, you don't have no hope.

154
00:08:03,560 --> 00:08:07,080
Speaker 3: That's when you revolt, right, But when you got to

155
00:08:07,160 --> 00:08:09,200
Speaker 3: keep you some level of hope, and they got to

156
00:08:09,280 --> 00:08:11,520
Speaker 3: keep you some level of your better than somebody else.

157
00:08:12,040 --> 00:08:15,160
Speaker 3: So that's the trick even with like white supremacy, with

158
00:08:15,600 --> 00:08:17,680
Speaker 3: poor white people that they feel like at the very

159
00:08:17,800 --> 00:08:22,760
Speaker 3: least they're white. So they made them feel emboldened by

160
00:08:22,800 --> 00:08:25,320
Speaker 3: that because they might not have anything else. But they're like, Okay,

161
00:08:25,520 --> 00:08:29,240
Speaker 3: I still feel good about myself because I'm white, living

162
00:08:29,240 --> 00:08:31,760
Speaker 3: in the portance, living in the poorer states in America,

163
00:08:31,880 --> 00:08:34,680
Speaker 3: having you know, health issues. Can't read all types of shit,

164
00:08:35,160 --> 00:08:39,120
Speaker 3: So I just see that as a trap to the

165
00:08:39,200 --> 00:08:41,480
Speaker 3: American dream. That's not real to me. That's more of

166
00:08:41,480 --> 00:08:45,079
Speaker 3: a nightmare. But that's my humble opinion, How do you

167
00:08:45,080 --> 00:08:45,800
Speaker 3: feel about.

168
00:08:45,559 --> 00:08:50,480
Speaker 2: It when statements like this are made. I always like

169
00:08:50,559 --> 00:08:52,800
Speaker 2: to go to the origins of it, and I would

170
00:08:52,800 --> 00:08:59,040
Speaker 2: love to ask the question American dream for whom I

171
00:08:59,120 --> 00:09:03,080
Speaker 2: didn't say America and dream for citizens. So if I

172
00:09:03,080 --> 00:09:05,520
Speaker 2: look at the banks, if credit card debt is that

173
00:09:05,640 --> 00:09:09,320
Speaker 2: the highest has ever been, mortgages are higher than they've

174
00:09:09,360 --> 00:09:12,520
Speaker 2: ever been, the average payment for a car is I

175
00:09:12,600 --> 00:09:15,320
Speaker 2: read seven hundred and seventy two dollars per month, which

176
00:09:15,360 --> 00:09:21,320
Speaker 2: is insane. And then if undergrad loans are higher than

177
00:09:21,400 --> 00:09:25,600
Speaker 2: ever and now there's degradation in even going to college

178
00:09:25,600 --> 00:09:27,360
Speaker 2: and having a pathway. Like most kids who go to

179
00:09:27,400 --> 00:09:30,880
Speaker 2: school now they don't know what career path are going

180
00:09:30,920 --> 00:09:32,959
Speaker 2: to take. At least when we went to college, or

181
00:09:33,040 --> 00:09:35,319
Speaker 2: the thought was in elementary and high school, go to college,

182
00:09:35,320 --> 00:09:39,360
Speaker 2: you'll get a job, damn mere, Guaranteed you won't have

183
00:09:39,360 --> 00:09:43,280
Speaker 2: any issues. I think the American dream may be dead

184
00:09:43,400 --> 00:09:46,880
Speaker 2: for the middle class, but for those who put this

185
00:09:48,360 --> 00:09:52,640
Speaker 2: financial level of economic terrorism together, I think the dream

186
00:09:52,720 --> 00:09:55,400
Speaker 2: is live and well for them for sure. I don't

187
00:09:55,400 --> 00:10:00,360
Speaker 2: think anything at this scale happens by accident. And I've

188
00:10:00,400 --> 00:10:02,360
Speaker 2: always said it like the middle class has been eroded,

189
00:10:02,400 --> 00:10:04,960
Speaker 2: and people try and push back on it, but when

190
00:10:04,960 --> 00:10:07,640
Speaker 2: you look at the actual data, people are suffering at

191
00:10:07,720 --> 00:10:13,320
Speaker 2: scale worldwide while the middle is being crunched. So yeah,

192
00:10:13,320 --> 00:10:16,880
Speaker 2: do I think the American dream is dead? For the citizens? Yes.

193
00:10:17,559 --> 00:10:21,080
Speaker 2: For the institutions, I think they're happier than ever. Because

194
00:10:21,120 --> 00:10:23,480
Speaker 2: now if I have a class of people that we're

195
00:10:23,480 --> 00:10:28,520
Speaker 2: doing well, and I somewhat eradicate them through AI or

196
00:10:29,080 --> 00:10:37,079
Speaker 2: scaling inflation corrections in the market market manipulation, I can

197
00:10:37,120 --> 00:10:39,280
Speaker 2: control the population a lot better than a post and

198
00:10:39,320 --> 00:10:42,880
Speaker 2: if everyone is doing well. So But you guys put

199
00:10:42,880 --> 00:10:44,400
Speaker 2: it in the comments, what do you think is American

200
00:10:44,480 --> 00:10:46,840
Speaker 2: dream live and well? But the picka fins go to

201
00:10:46,880 --> 00:10:48,319
Speaker 2: college guaranteed employment?

202
00:10:49,000 --> 00:10:53,800
Speaker 4: No, that's over with An illegal alien from Guatemala charged

203
00:10:53,960 --> 00:10:57,480
Speaker 4: with raping a child in Massachusetts. An MS thirteen gang

204
00:10:57,520 --> 00:11:01,400
Speaker 4: member from El Salvador accused of murdering a Texas man

205
00:11:01,559 --> 00:11:06,199
Speaker 4: of Venezuelan charged with filming and selling child pornography in Michigan.

206
00:11:06,559 --> 00:11:09,760
Speaker 4: These are just some of the heinous migrant criminals caught

207
00:11:10,160 --> 00:11:13,680
Speaker 4: because of President Donald J. Trump's leadership. I'm Christy nom

208
00:11:13,880 --> 00:11:17,800
Speaker 4: the United States Secretary of Homeland Security under President Trump,

209
00:11:18,080 --> 00:11:22,360
Speaker 4: attempted illegal border crossings are at the lowest levels ever recorded,

210
00:11:22,679 --> 00:11:25,720
Speaker 4: and over one hundred thousand illegal aliens have been arrested.

211
00:11:26,000 --> 00:11:29,560
Speaker 4: If you are here illegally, your next you will be

212
00:11:29,600 --> 00:11:33,480
Speaker 4: fine nearly one thousand dollars a day, imprisoned, and deported.

213
00:11:33,960 --> 00:11:37,199
Speaker 4: You will never return. But if you register using our

214
00:11:37,200 --> 00:11:40,439
Speaker 4: CBP home app and leave now, you could be allowed

215
00:11:40,440 --> 00:11:45,400
Speaker 4: to return legally. Do what's right, leave now. Under President Trump,

216
00:11:45,559 --> 00:11:49,160
Speaker 4: America's laws, border and families will be protected.

217
00:11:49,240 --> 00:11:51,400
Speaker 3: Sponsored by the United States Department of Homeland Security,