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Speaker 1: Don't got that out old.

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Speaker 2: I mean I got I gotta get first. So those

3
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Speaker 2: are handmade in Japan.

4
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Speaker 1: The boy went over. So you got them? Oh do

5
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Speaker 1: you buy mine? Oh? You just ain't saying that.

6
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Speaker 2: All ball Maine are not the same.

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Speaker 1: I know who Bone is, Okay, get what he ain't.

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Speaker 2: But the Blue Verse, you are any Blue Verse? Had

9
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Speaker 2: those for four years?

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Speaker 1: Oh they're good.

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Speaker 2: They're handmade.

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Speaker 3: Uh, And I mean because you know eight hundred bucks

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Speaker 3: or whatever. They feel grand on my face. It doesn't

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Speaker 3: you know nothing worse. You' put the glass on your

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Speaker 3: face and your nose, Your nose hurt, in your ear,

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Speaker 3: your ears hurt, and your head's ringing. I'm just saying

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Speaker 3: that if you buy it right, you buy it once.

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Speaker 3: Unless it don't matter. Yeah, no, man, glasses don't matter

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Speaker 3: that you.

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Speaker 2: Just take these ships off and leave you look them glasses.

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Speaker 3: I know that's ten pair of readers for that same

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Speaker 3: exact reason, because it doesn't matter to it.

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Speaker 1: No, I don't get me wrong. I am recard of

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Speaker 1: your collector.

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Speaker 2: Shall I pop it?

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Speaker 1: I will pop just once.

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Speaker 2: Yeah.

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Speaker 4: I got about fifteen different different CARDI of years from

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Speaker 4: different places around the world.

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Speaker 1: But as you wear.

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Speaker 4: Them, three four usage they loosen up. So in my head,

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Speaker 4: it don't matter the number that you spent.

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Speaker 1: I just spent fourteen dollars on some on some shades.

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Speaker 1: That's uncomfortable.

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Speaker 4: I spent twenty dollars on some shades and I'm still

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Speaker 4: getting the same pussy that I was getting.

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Speaker 2: With the other shade.

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Speaker 1: Say, I just wanted to experience. The experience didn't get.

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Speaker 2: Me what I want. Sure, what's your restaurant?

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Speaker 1: You guys, I'm just in the club. So niggas say

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Speaker 1: I ain't in the club.

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Speaker 2: My next question, I'm in the club.

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Speaker 5: Why would you be a collector of some shit that

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Speaker 5: you know ain't gonna last.

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Speaker 1: It's not that when I was young and I was

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Speaker 1: doing it.

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Speaker 4: I was young, but I'm like twenty five, you know,

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Speaker 4: nigga twenty five bro.

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Speaker 1: I ain't never had fit on this.

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Speaker 4: Nigga twenty five years old, I ain't never had ship.

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Speaker 4: I got stick sham Cardier boy. I always wanted to Cardier.

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Speaker 4: The Cardier's I brought back in the day. They were

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Speaker 4: thund it out.

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Speaker 6: I know they go to fish cart me bitch with

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Speaker 6: ja your car them lor Wayne.

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Speaker 4: So now that I'm in the club, I'm like, ooh,

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Speaker 4: I got Callie.

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Speaker 5: But I'm like, you bamed, that's what niggas you baum

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Speaker 5: and you know that they has here, but you know

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Speaker 5: the type of lifestyle.

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Speaker 2: You live, and they not conduced it. They're gonna get

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Speaker 2: loose and it's all out.

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Speaker 4: I'm not buying them to whim at this point, I

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Speaker 4: was buying them to say, ooh, you can't grab these

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Speaker 4: because they only made these in Puerto Rico.

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Speaker 1: Ooh I got these, motherfucker because they was over there.

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Speaker 1: You go, damn believee on Weddy because I know another

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Speaker 1: motherfucker ain't got them. I want to have them.

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Speaker 2: Said, it's up.

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Speaker 1: That's the nigga sation ship. I'm like this, I know

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Speaker 1: you ain't with the believe and get these.

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Speaker 5: That's not That's why they was on there arguing about

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Speaker 5: the ap in the Swatch collection.

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Speaker 2: It ain't that you give a fuck about it. Ap.

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Speaker 2: You just in one other niggas that had and ship.

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Speaker 1: It ain't that, bro.

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Speaker 4: When you ain't having and then you start getting it,

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Speaker 4: and then you realize what it takes to get it, you.

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Speaker 1: Like, damn, when I didn't have it, you ain't reached me.

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Speaker 1: You ain't make sure I had an AP. I waited

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Speaker 1: until I got AP game.

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Speaker 4: Now you like you know what, But see it's not

83
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Speaker 4: about that AP.

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Speaker 1: Finna make it make a killing.

85
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Speaker 2: And plus they just dropped the little pocket watch.

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Speaker 5: Motherfucker actually thought they were finna get a bus down collaboration.

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Speaker 5: Brother made a pocket watch, the hang off your belt man,

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Speaker 5: and all them niggas like y'all.

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Speaker 2: Did all that arguing for a collaboration and they made

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Speaker 2: a pocket watch, not a risk watch. And man, they

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Speaker 2: got a three dred dollar AP.

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Speaker 5: They then put all these fake Aird pictures out, different

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Speaker 5: color ways and everything.

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Speaker 2: They ain't never even said that the end of the episode.

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Speaker 1: So it's a market. It's a market.

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Speaker 4: We're gonna fake like we finna put somebody there for

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Speaker 4: the buy, get them to come in the stow and

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Speaker 4: buy something else.

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Speaker 2: Are they gonna do it every time?

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Speaker 1: They're gonna do it every now. Consumers is crazy. It's

101
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Speaker 1: about the money. Man, I can trick you in to

102
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Speaker 1: buy some ship. He was them three hundred dollars one

103
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Speaker 1: let No, I ain't in there, but we got the

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Speaker 1: nine hundred.

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Speaker 2: I would show out of them you sold.

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Speaker 1: I don't know.

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Speaker 4: Order, So you know how niggas is. They don't want

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Speaker 4: to come out the store without nothing. I got to

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Speaker 4: look like I'm doing what I'm doing. Nigga that spent

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Speaker 4: everything that just to look like you do. Don't nobody

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Speaker 4: to give a fuckut nothing. What's in your bad Nobody cares.

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Speaker 2: Mhmm. You know, I was looking through my glass ladd night.

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Speaker 5: I got some metal glass, the one that record, right,

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Speaker 5: I ain't recording ship on that by recordings.

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Speaker 3: Officials start for your interviews, and you just we're gonna

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Speaker 3: have an official.

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Speaker 4: Yeah, weap We're gonna start off with.

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Speaker 2: The glass and then get the voices warmed up and

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Speaker 2: then yeah.

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Speaker 4: We started off with the glass without you pop it off.

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Speaker 4: Some people that were still humble.

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Speaker 2: We talked about capitalism. There we go.

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Speaker 1: We hum back.

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Speaker 2: We don't want them to be expected too much.

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Speaker 1: Pop every blue moon, but oh guys.

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Speaker 2: Welcome back to the eighties.

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Speaker 1: Laves now the hot toss package we don't use. We

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Speaker 1: put them in the refrigerator.

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Speaker 2: Yeah, we have an official start handing.

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Speaker 3: It's better underestimated and overperform, the overestimate and underperformed. It's

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Speaker 3: better to underestimate and overperform. Right, then overestimate and underperformed,

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Speaker 3: that's what you said, lower expectation. Yeah, the people don't

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Speaker 3: know what's coming, and then you then you slam.

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Speaker 1: Them, hit them with the surprise.

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Speaker 2: Yeah. Yeah, it's a beautiful thing. They didn't think we

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Speaker 2: was gonna make it this far.

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Speaker 5: They had already underestimated us way from the beginning.

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Speaker 2: Yeah, and then see us do great things and they

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Speaker 2: be like, man, we're so proud of y'all. I'm like,

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Speaker 2: proud of what we even did, what we were really

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Speaker 2: about to do. Y'all tell you, man, congratulations on all

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Speaker 2: your susassnigga, what success?

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Speaker 1: They just happy head we steal together. Mine can't believe

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Speaker 1: y'all can sit right there and be free ten years.

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Speaker 1: That's a long time.

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Speaker 2: Ain't nobody got your guy? Y'all boys on the store,

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Speaker 2: y'all doing shit, Keep doing what you're doing.

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Speaker 5: And in my mind, I'd be like, what gave you

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Speaker 5: the inclination that I wasn't right?

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Speaker 1: What made you.

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Speaker 2: Feel like I was about to stop doing?

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Speaker 1: What the fuck I'm supposed to be doing?

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Speaker 2: This? Ain't even it?

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Speaker 1: This just the beginning.

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Speaker 2: Wait till they give me the money.

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Speaker 3: The very fact that you guys are in the same

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Speaker 3: building with the same crew, with cameras you on. With

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Speaker 3: a building that don't have a red notice on the door,

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Speaker 3: some of these are gonna get fired. But keep going,

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Speaker 3: I mean with lights that are on. I mean, this

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Speaker 3: is success here and of itself. I don't know many

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Speaker 3: brothers who have their own platform, their own effectively your

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Speaker 3: own studios.

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Speaker 2: You're gonna blow eye coming, don't do that.

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Speaker 5: Don't tell them to stut they thought were the white

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Speaker 5: folk here we written this.

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Speaker 1: White man, don't come back, don't hold.

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Speaker 2: The man, don't do that. That report out of the crack.

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Speaker 3: Actually in the worst war in the world.

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Speaker 2: Now that means a lot.

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Speaker 5: Though we sat down and we talked about it, like

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Speaker 5: we haven't got all this money, ain't no nothing you

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Speaker 5: can walk up and touch though, ain't nobody got no building.

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Speaker 5: We then supported all these underground rappers and said that

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Speaker 5: they was to see we should have been able to

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Speaker 5: go take a picture by the wall like you can

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Speaker 5: in motown rudios.

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Speaker 2: That not saying they don't have one, but we need

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Speaker 2: to see that. We need to see how people owning

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Speaker 2: some ship. Yeah, especially in the city like Atlanta. I'm

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Speaker 2: gonna pull up.

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Speaker 5: And support whatever they got going on Yeah, Bank Head,

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Speaker 5: Steve Food, Hooker Lounge or you know all the all

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Speaker 5: the places that they say got the grass on the wall.

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Speaker 2: That's all I want to go to.

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Speaker 1: Yeah, I went to t P Studio. I just walked around.

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Speaker 1: They thought I was up there. I want to be

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Speaker 1: here for I like the grass. I'm going to the

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Speaker 1: back where they know nobody go. Yeah, I'm going. I'm

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Speaker 1: seeing all this.

191
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Speaker 2: You see the grad You got a little pawn over them.

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Speaker 1: We got an army base and it's really he kept

193
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Speaker 1: the building. Got some ducks the same lights. It's oranges

194
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Speaker 1: hailing up.

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Speaker 2: He's seeing the ducks. Then got some ducks over there,

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Speaker 2: really living.

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Speaker 1: You know I could have with the duck.

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Speaker 2: I don't know that name. He said t P. I said, oh,

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Speaker 2: t P. You know him like they didn't know that

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Speaker 2: the Periodidy.

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Speaker 1: You ain't know what I'm talking about.

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Speaker 4: You get it, you know what I'm saying, Nigga, I

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00:08:48,640 --> 00:08:49,599
Speaker 4: don't know who the t P.

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00:08:50,040 --> 00:08:51,280
Speaker 1: Nigga, you got to know the names.

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Speaker 2: That's T Paint or nothing. I ain't getting no more.

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Speaker 3: Period and talk about own is something I mean that

207
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Speaker 3: could be our that could be a black version of

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Speaker 3: Disneyland or or what's that in uh In in Los

209
00:09:09,559 --> 00:09:12,640
Speaker 3: Angeles and uh there's a studio Universal that could be

210
00:09:12,640 --> 00:09:15,120
Speaker 3: the black version of Universal Studio. They should be. There

211
00:09:15,120 --> 00:09:18,520
Speaker 3: should be tours. There should be you know, family tours.

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00:09:18,559 --> 00:09:18,880
Speaker 2: Who there.

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00:09:18,880 --> 00:09:20,800
Speaker 3: I mean it is he's got a huge piece of

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00:09:20,800 --> 00:09:23,959
Speaker 3: real estate there and I mean he's a friend and

215
00:09:24,040 --> 00:09:27,240
Speaker 3: he's done, he's done an incredible job and history has

216
00:09:27,240 --> 00:09:30,080
Speaker 3: not has not given him the respect that he deserves.

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00:09:30,280 --> 00:09:32,480
Speaker 3: I mean, he's right here in Atlanta. Nobody talks about it.

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00:09:32,520 --> 00:09:35,240
Speaker 3: Is it is unbelievable, for sure, he definitely doing it.

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00:09:35,679 --> 00:09:37,400
Speaker 3: Doing it definitely need to be like a tour, some

220
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Speaker 3: tour ship going.

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Speaker 2: Around and you guys are doing your thing.

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Speaker 1: So they need to bring that tour on down here too.

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Speaker 2: You get your own tour, the Hood tour.

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Speaker 1: Now we want to brand the Hood already. Know.

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Speaker 5: I think by the time we get to the Hood

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Speaker 5: l C, when we get our second studio, that's when

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Speaker 5: we really get we'll get our own exit and all

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Speaker 5: that too.

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Speaker 2: Just the starter one. Yeah, then we get to the

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Speaker 2: big one. Yeah, yeah, then we'll really get it.

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Speaker 4: They I already got eighty five South God is real

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Speaker 4: in the state, absolutely, but they.

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Speaker 1: Need to have like eighty five South. We like eighty

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Speaker 1: five South Studios.

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Speaker 5: I don't think I don't want to be that that

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Speaker 5: flavorite though. I want you to have to be with

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Speaker 5: somebody who nowhere is like, yeah, it's.

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Speaker 2: Right over there.

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Speaker 1: I don't want Yeah, you know you don't want no side.

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Speaker 6: Okay, Yeah, you got to be invited, Yeah, invitationally.

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Speaker 3: Destination location exactly. Prince was like that, See, you have

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Speaker 3: to go to Minneapolis. He didn't want to be in Hollywood.

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Speaker 3: You had to go. You had to go out of

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Speaker 3: your way.

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Speaker 1: You went to Minneapolis.

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Speaker 3: Of course, I've got office is Minneapolis. At the point

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Speaker 3: I'm saying, Prinsley Park, Paisley parkment. If you want to

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Speaker 3: go see him, you had to be intentional. You didn't

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Speaker 3: just show up in Minneapolis. No one's just rolling through Minneapolis.

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Speaker 3: You had to be intentional. But he wanted to separate

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Speaker 3: himself intentionally. He didn't want to be part of the

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Speaker 3: Hollywood scene. Even when he changed his name, that was

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Speaker 3: a brilliant deal. He changed the name to a symbol

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Speaker 3: that was not We thought it was artistry. That was

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Speaker 3: about intellectual property rights because his name Prince was tied

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Speaker 3: up with his contracts.

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Speaker 2: The crazy boy is he never named the symbol. He

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Speaker 2: didn't never the symbol legal victory.

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Speaker 1: You play basketball too good, he was.

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Speaker 5: He was like that, all right, Well, since you like

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Speaker 5: introductions so much, welcome back today now, d see, we

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Speaker 5: got a special guest in here with us today, Broke.

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Speaker 5: Because this this is the crazy part. Every time he comes.

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Speaker 5: I don't never have no questions. I didn't want to

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Speaker 5: sit back and ship the hell up and really takes

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Speaker 5: the notes because you know what he's talking about. He

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Speaker 5: got a new book out that's already a New York

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Speaker 5: Times best selling.

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Speaker 3: New York Times US say today.

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Speaker 1: And fifty the Lost two.

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Speaker 5: Nigga, you don't get to be on a best seller

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Speaker 5: without hitting all the lists on the list. That's sending

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Speaker 5: year certification in a minute, capitalism for all a black man.

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Speaker 5: Come on now we're being ready to get our money

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Speaker 5: up this episode.

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Speaker 2: None other mister John.

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Speaker 1: Yes up, we're getting out. Go back shoe box all

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Speaker 1: my real nigga. Go that shoe box shin to get rial.

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Speaker 1: Sit real close to the to the TV man.

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Speaker 2: Notebook out, get your notes together.

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Speaker 1: And go to bed.

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Speaker 2: Yeah, this is this serious business right here.

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Speaker 1: Come on, take some notes. I get some money on.

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Speaker 5: Yeah, he ain't talking about what he heard. He actually

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Speaker 5: doing it, exercising it. And look, he didn't gave you

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Speaker 5: the game in the whole book, man, so make sure

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Speaker 5: you go check that out.

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Speaker 2: How you doing, brother? Back to you.

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Speaker 3: Know, I must tell you out of all the stuff

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Speaker 3: that I that I do, and most of it is

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Speaker 3: pretty forgettable, like you know, you do it, you know,

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Speaker 3: but I don't think about it again.

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Speaker 2: I thought about being with you guys.

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Speaker 3: I think it was a year and a year and

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Speaker 3: a half ago, and it was one of it was

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Speaker 3: really like one of my most special moments. And it

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Speaker 3: was so proud to see all these brothers and here

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Speaker 3: trying to do it right. And and I'm out of

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Speaker 3: to come back. So you guys are really killing the game,

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Speaker 3: and you're doing it right. I've watched you, I watch

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Speaker 3: your stuff online. You're funny.

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Speaker 2: Is it just?

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Speaker 3: I'm so glad that Charlemagne put me together with Chad

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Speaker 3: and everybody, and you guys just you're making You're making

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Speaker 3: smart sexy.

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Speaker 2: It is.

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Speaker 3: We've been making dumb sex even way too long. We've

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Speaker 3: dumbed down and celebrated it, and you're making smart sexy again.

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Speaker 3: And I appreciate that, and you're talking in a way

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Speaker 3: that our community can relate and putting information where they

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Speaker 3: can get it so we can find that ladder and

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Speaker 3: climb up.

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Speaker 2: So I love that. So let's get at it.

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Speaker 5: That's always been one of the goals of this platform. Man,

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Speaker 5: to make them laugh, make them think.

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Speaker 4: But you put them on some game, man, you know

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Speaker 4: what I'm saying. They say the game is meant to

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Speaker 4: be so not told. But I'm like, but if you

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Speaker 4: tell it, you get people out the way and let

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Speaker 4: them figure it out for themself. You're still be trying

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Speaker 4: to sell a recipe that don't work.

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Speaker 1: That ship don't work. To tell it.

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Speaker 2: I'm still focused on your four dollar glasses.

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Speaker 1: Yeah, man, you should have saw them.

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Speaker 4: Boy, I'm telling you man, so all the comfortments like

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Speaker 4: who wasn't like them?

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Speaker 1: Boy, you don't understand Amazon? Get that free shipping. It

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Speaker 1: gonna take them minute, but you pay five hours. Come

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Speaker 1: to the day't they dine the screen? I had to

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Speaker 1: get it from China today an hour, like.

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Speaker 2: You want to day.

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Speaker 1: I get it through the day.

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Speaker 3: That's my Yeah, you guys, and you guys have each

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Speaker 3: other's back, which is riches just really rich a lot

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Speaker 3: of you know, you get a lot of black folks together.

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Speaker 3: I hate to say it, and it just it gets interesting.

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Speaker 2: It be one and one hater that always doing it

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Speaker 2: for the bunch. We can beat nine hundred deep. It's

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Speaker 2: always gonna be one month, but one in your group

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Speaker 2: if it's here. I mean there's drama everywhere.

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Speaker 3: But when I was here for a half a day

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Speaker 3: last time, it was harmony from the moment I hit

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Speaker 3: the door, the moment I let nothing but positive energy.

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Speaker 3: And black men who are who understood this one thing?

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Speaker 3: God gave you two ears and one mouth, so you

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Speaker 3: listen twice as much as you talk. And so when

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Speaker 3: people hear somebody that makes sense, they they they I'm

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Speaker 3: afraid they shut up and listen. When I hear somebody

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Speaker 3: know stuff that I don't know, I shut up and listen.

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Speaker 2: Uh. And so you know, just much much respect? Can

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Speaker 2: I can? I? Can? I drop a couple? Come on?

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Speaker 3: I've been looking at this table because I was he

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Speaker 3: was here before, and I know this table is very

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Speaker 3: symbolic for you guys, and it's in all your shows.

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Speaker 2: It's actually a new one, is say from my guy.

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Speaker 2: He made he remade it for us.

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Speaker 5: It's a black guy. We sent the other one so

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Speaker 5: he could repair it, and we gonna it's like you said, it's.

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Speaker 2: A piece of history. But put that and put it

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Speaker 2: in your museum, the new updated version.

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Speaker 3: Yeah, it's hot. This is not a table, what is it?

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00:16:06,240 --> 00:16:09,240
Speaker 3: This is a negotiation point. This is so I'm about

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00:16:09,240 --> 00:16:15,560
Speaker 3: to unpack capitalism. So in this example, you're the consumer

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Speaker 3: with your four dollar glasses and you're the capitalist. Right,

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Speaker 3: this is negotiating table.

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Speaker 2: All right.

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00:16:23,200 --> 00:16:28,880
Speaker 3: Your job as a capitalist is to extract as much

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Speaker 3: money as you can from him while giving him the

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00:16:32,680 --> 00:16:38,880
Speaker 3: least amount of value. That's your job, got it. Your

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Speaker 3: job as a smart, educated consumer cheap as you are.

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Speaker 1: Tight, tight, tight, your job.

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Speaker 3: Is to pay him the least amount possible. I can

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Speaker 3: do that while extracting the most value.

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Speaker 2: It's your job.

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Speaker 3: The table's job is to be the place where you

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Speaker 3: come together for this negotiation. And a good negotiation is

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00:17:07,720 --> 00:17:12,560
Speaker 3: when everybody leaves slightly annoyed, because that means nobody got

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Speaker 3: everything they wanted. So when you are in Africa or

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00:17:16,880 --> 00:17:19,479
Speaker 3: in a third world country, it is an active negotiation. Yo, yo,

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00:17:19,560 --> 00:17:21,200
Speaker 3: I'll give you twenty dollars for that. No, no, no, no,

381
00:17:21,600 --> 00:17:23,280
Speaker 3: I want you know, how about fifteen? How about eight?

382
00:17:23,640 --> 00:17:26,040
Speaker 3: It's back and forth. Now you're negotiating on price, but

383
00:17:26,119 --> 00:17:31,919
Speaker 3: you're wasting time. So poor people value price above everything.

384
00:17:32,280 --> 00:17:36,920
Speaker 3: Wealthy people value time above everything, so wealthy people want

385
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Speaker 3: to save time. When I was coming up, folks would

386
00:17:41,560 --> 00:17:45,280
Speaker 3: haggle over that dollar for half the damn day. Now,

387
00:17:46,640 --> 00:17:49,879
Speaker 3: going back to this point, when you have a good negotiation,

388
00:17:50,200 --> 00:17:53,159
Speaker 3: everybody leaves slightly annoyed because no one actually won. But

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Speaker 3: the first point I would make is, if you're trying

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Speaker 3: to extract as a capitalist the producer of those glasses,

391
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Speaker 3: you're trying to extract sent ten dollars from him while

392
00:18:04,080 --> 00:18:07,720
Speaker 3: giving him those glasses, and he's trying to pay you

393
00:18:08,640 --> 00:18:13,400
Speaker 3: two dollars while getting those glasses. You're both doing your job.

394
00:18:14,920 --> 00:18:17,399
Speaker 3: You shouldn't be mad at him, and he shouldn't be

395
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Speaker 3: mad at you.

396
00:18:17,840 --> 00:18:18,520
Speaker 2: It's not personal.

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Speaker 3: At the end of the day, you end up paying

398
00:18:21,080 --> 00:18:24,480
Speaker 3: I guess four dollars for the glasses. Maybe your cost

399
00:18:24,560 --> 00:18:26,919
Speaker 3: on it was two fifty, So you may make as

400
00:18:27,000 --> 00:18:29,400
Speaker 3: much money as you wanted, but you still made enough

401
00:18:29,440 --> 00:18:31,600
Speaker 3: to be able to buy to sell, to sell enough

402
00:18:31,640 --> 00:18:34,479
Speaker 3: of them. You pay your costs and you earn a profit.

403
00:18:35,160 --> 00:18:40,199
Speaker 3: That's the simplest example I can give of good negotiation. Now,

404
00:18:40,240 --> 00:18:43,000
Speaker 3: when you go to a store CBS, Walgreens, whatever, and

405
00:18:43,119 --> 00:18:46,280
Speaker 3: you buy those glasses off the rack and it says

406
00:18:46,320 --> 00:18:50,120
Speaker 3: eight ninety nine or the combe says five ninety nine,

407
00:18:52,680 --> 00:18:56,239
Speaker 3: researchers have already determined what you and I are who

408
00:18:56,240 --> 00:18:58,920
Speaker 3: would be willing to pay for the comb So the

409
00:18:59,000 --> 00:19:02,720
Speaker 3: negotiation has been predetermined. They know that you're willing to

410
00:19:02,760 --> 00:19:08,560
Speaker 3: pay instant buying it out whatever, and pull that and

411
00:19:08,640 --> 00:19:11,560
Speaker 3: buy and s up. So it's still the negotiating table,

412
00:19:11,800 --> 00:19:16,200
Speaker 3: it's just the efficiency has been predetermined.

413
00:19:15,720 --> 00:19:16,520
Speaker 1: Already taken away.

414
00:19:17,040 --> 00:19:19,600
Speaker 3: So even if somebody wants to distribute money, people say,

415
00:19:19,640 --> 00:19:22,000
Speaker 3: I want to be a socialist. Even if you want

416
00:19:22,040 --> 00:19:25,439
Speaker 3: to distribute money like a socialist, you're the first collected

417
00:19:25,480 --> 00:19:26,120
Speaker 3: like a capitalist.

418
00:19:28,760 --> 00:19:29,280
Speaker 2: Did illude you?

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Speaker 1: A lot of people don't understand what socialism capitalism.

420
00:19:33,240 --> 00:19:36,399
Speaker 3: Most people don't buy it. Right, So Commune and I

421
00:19:36,480 --> 00:19:41,800
Speaker 3: break all this down in the book. Communism is the

422
00:19:41,920 --> 00:19:43,680
Speaker 3: state owning everything.

423
00:19:44,760 --> 00:19:47,280
Speaker 2: You can use it, you can use it, but you

424
00:19:47,359 --> 00:19:47,800
Speaker 2: can't own it.

425
00:19:48,160 --> 00:19:50,640
Speaker 3: But you can't own it. State owns and controls everything.

426
00:19:51,040 --> 00:19:55,280
Speaker 3: So the theoretical example of this is China and Russia.

427
00:19:55,440 --> 00:19:59,880
Speaker 3: Let Menna come back to that, because that's a lot socialism.

428
00:20:00,200 --> 00:20:06,320
Speaker 3: People will talk about the Nordic countries Sweden, Norway. That's

429
00:20:06,359 --> 00:20:12,000
Speaker 3: not Nordic, but yes, it's it's a socialist like Finland,

430
00:20:12,760 --> 00:20:17,320
Speaker 3: all right, does the capitalist countries with a heavy taxing system.

431
00:20:17,520 --> 00:20:22,960
Speaker 3: All socialism is is a capitalist country that overtaxes the

432
00:20:23,119 --> 00:20:26,080
Speaker 3: system so that they're poor are taken care of. So

433
00:20:26,840 --> 00:20:30,920
Speaker 3: you said, so, you so so, now you bought, you bought,

434
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Speaker 3: you sold, you know, you bought these glasses. He sold

435
00:20:34,400 --> 00:20:36,760
Speaker 3: enough of those glasses to be to make a million

436
00:20:36,840 --> 00:20:40,000
Speaker 3: dollars as a capitalist the state he now lives in Finland,

437
00:20:40,560 --> 00:20:43,520
Speaker 3: the state says, well, we want five hundred thousand dollars fifty.

438
00:20:44,760 --> 00:20:46,440
Speaker 3: As a result of that, all of your and my

439
00:20:46,600 --> 00:20:49,720
Speaker 3: cousins in this environment, they got their health care, is

440
00:20:49,760 --> 00:20:55,639
Speaker 3: taken care of, their roads, roads, food, hospital, help me

441
00:20:55,720 --> 00:20:56,040
Speaker 3: out here.

442
00:20:57,960 --> 00:20:58,359
Speaker 2: That's free.

443
00:20:58,680 --> 00:21:00,600
Speaker 3: All that's free. Now, that's a good thing. And so

444
00:21:00,600 --> 00:21:04,879
Speaker 3: there's no poor people. Theoretically, all right, theoretically, here's a problem.

445
00:21:06,680 --> 00:21:09,720
Speaker 3: There's nobody. There's nobody at the bottom who look like us.

446
00:21:10,560 --> 00:21:13,280
Speaker 3: But there's also nobody at the top who look like us.

447
00:21:13,320 --> 00:21:16,320
Speaker 3: In that environment in Finland, you won't see any black

448
00:21:16,359 --> 00:21:19,000
Speaker 3: people at the very bottom, and you won't see any

449
00:21:19,040 --> 00:21:19,760
Speaker 3: black people.

450
00:21:20,240 --> 00:21:21,000
Speaker 2: At the very top.

451
00:21:21,600 --> 00:21:24,920
Speaker 3: What are it in the middle, They're they're stuck in

452
00:21:25,119 --> 00:21:29,080
Speaker 3: the working class just below the above, there's there's subsidized

453
00:21:29,400 --> 00:21:31,399
Speaker 3: they've been given everything and they've been put to sleep.

454
00:21:31,880 --> 00:21:34,480
Speaker 2: So they just need chilling. Now.

455
00:21:35,720 --> 00:21:38,760
Speaker 3: In a capitalist system, and America is a capitalist system

456
00:21:38,800 --> 00:21:40,840
Speaker 3: with socialist tendencies.

457
00:21:41,080 --> 00:21:45,719
Speaker 2: Social security is a socialist.

458
00:21:45,600 --> 00:21:50,639
Speaker 3: Tendency, the something anything, welfare, these programs that help people.

459
00:21:51,480 --> 00:21:54,160
Speaker 2: Somebody say there's socialist tendencies. I think it's just dignity.

460
00:21:54,160 --> 00:21:58,639
Speaker 3: But anyway, in a capitalist system, it's the private ownership

461
00:21:58,880 --> 00:22:02,240
Speaker 3: of assets and use of the free market system to

462
00:22:02,320 --> 00:22:08,280
Speaker 3: set market prices. Where you own that manufacturing of those

463
00:22:08,359 --> 00:22:12,200
Speaker 3: glasses and you get the benefit of selling those glasses,

464
00:22:12,440 --> 00:22:14,560
Speaker 3: and he gets the benefit of buying what you sold.

465
00:22:14,760 --> 00:22:15,879
Speaker 2: And if you don't good do.

466
00:22:15,960 --> 00:22:17,720
Speaker 3: A good job, somebody else is going to put you

467
00:22:17,760 --> 00:22:20,399
Speaker 3: out of business by selling better. Going to free it's

468
00:22:20,400 --> 00:22:23,960
Speaker 3: a free enterprise system. Now it's more brutal. You have

469
00:22:24,080 --> 00:22:28,320
Speaker 3: winners and you have losers. So I went from one

470
00:22:28,359 --> 00:22:31,399
Speaker 3: of the bottom two hundred fifty zip codes in America Compton, California,

471
00:22:31,440 --> 00:22:35,720
Speaker 3: Southern Trola. In the time I Saw You last, Forest

472
00:22:35,760 --> 00:22:38,720
Speaker 3: Magazine says I'm one of the two hundred and fifty

473
00:22:39,840 --> 00:22:42,119
Speaker 3: greatest living self made Americans.

474
00:22:42,320 --> 00:22:49,800
Speaker 2: Not black, not black, not. In twenty twenty six, on.

475
00:22:49,840 --> 00:22:52,560
Speaker 3: The two hundred and fifty anniversary of America this year

476
00:22:53,160 --> 00:22:56,120
Speaker 3: and one hundred anniversary of Black History Month, Forest Magazine

477
00:22:56,160 --> 00:22:57,760
Speaker 3: came out with a list of two hundred and fifty

478
00:22:58,520 --> 00:23:02,639
Speaker 3: greatest living self Made America. And if it been any

479
00:23:02,680 --> 00:23:04,200
Speaker 3: other kind of list, I would have been honored. But

480
00:23:04,400 --> 00:23:09,159
Speaker 3: self made is a whole other thing. And they calculated

481
00:23:09,240 --> 00:23:16,680
Speaker 3: the distance travel from confidence south Central improbable through done

482
00:23:16,760 --> 00:23:21,399
Speaker 3: legally now up through and out the other side. Tyler

483
00:23:21,440 --> 00:23:26,320
Speaker 3: Perry's on the list. Maggie Johnson's on the list. I mean,

484
00:23:26,359 --> 00:23:31,160
Speaker 3: it's a wonderful list. My friend Oprah Winfrey's number one.

485
00:23:31,920 --> 00:23:34,639
Speaker 3: By the way, the historical list of those who passed on.

486
00:23:35,680 --> 00:23:39,000
Speaker 3: Number one is Abraham Lincoln. You can't you can't get

487
00:23:39,040 --> 00:23:41,680
Speaker 3: this any better. Abraham Lincoln's on the historical list, number one,

488
00:23:41,920 --> 00:23:47,440
Speaker 3: the new list, number one, Oprah Winfrey, that's us. Number

489
00:23:47,480 --> 00:23:50,760
Speaker 3: two fifty on the list is Martha Stewart. I'm one

490
00:23:50,840 --> 00:23:55,920
Speaker 3: forty five up from nothing. If I can do it,

491
00:23:57,640 --> 00:24:00,239
Speaker 3: anybody can do it using the legal system. But if

492
00:24:00,280 --> 00:24:06,400
Speaker 3: I was in Russia, China, France, Germany, Japan, almost any

493
00:24:06,440 --> 00:24:09,800
Speaker 3: place else, I wouldn't have made.

494
00:24:09,640 --> 00:24:11,240
Speaker 1: It because that's a communist situation.

495
00:24:11,560 --> 00:24:13,560
Speaker 2: Well, so let's go back to that. So even the

496
00:24:13,640 --> 00:24:16,520
Speaker 2: communist situation is a lie. So what did I say

497
00:24:16,520 --> 00:24:18,320
Speaker 2: about Russian and China? I said that was a lie? Right,

498
00:24:18,920 --> 00:24:23,840
Speaker 2: So they're communist countries, but they're using capitalism. Mm hmm,

499
00:24:24,840 --> 00:24:31,680
Speaker 2: what's uh? What's the TikTok DJ, the dj is DJ.

500
00:24:31,840 --> 00:24:34,960
Speaker 3: I think it is the the the the the drone

501
00:24:35,000 --> 00:24:38,960
Speaker 3: company Chinese. I mean it's a huge there's a complete

502
00:24:39,080 --> 00:24:43,879
Speaker 3: capitalist system. The government is basically government funded capitalism. So

503
00:24:43,960 --> 00:24:47,119
Speaker 3: the government is backing businesses and if you don't they

504
00:24:47,160 --> 00:24:49,680
Speaker 3: don't like you, then they silence you, they take you over.

505
00:24:50,400 --> 00:24:52,600
Speaker 2: So you know, it's like we can use capitalism with

506
00:24:52,680 --> 00:24:53,480
Speaker 2: jail games.

507
00:24:54,040 --> 00:24:56,360
Speaker 3: Or we or we can you can use it until

508
00:24:56,400 --> 00:24:58,680
Speaker 3: we don't like it anymore, and then we shut you down,

509
00:24:58,720 --> 00:25:00,960
Speaker 3: put you in prison, or make you dis that's their

510
00:25:01,080 --> 00:25:05,160
Speaker 3: form of capitalism. So there is no perfect in the world.

511
00:25:05,840 --> 00:25:07,760
Speaker 3: I've been to one hundred countries. There is no perfect

512
00:25:08,200 --> 00:25:10,240
Speaker 3: I was in Turks and Kkos yesterday. There is in

513
00:25:10,320 --> 00:25:12,719
Speaker 3: the Caribbean islands. Love it's our people. There's no perfect.

514
00:25:13,400 --> 00:25:16,680
Speaker 3: But this system has a capacity to take somebody from

515
00:25:16,800 --> 00:25:19,480
Speaker 3: slavery to President the United States.

516
00:25:19,240 --> 00:25:21,120
Speaker 2: Of America who looks like us, Barack Obama.

517
00:25:22,320 --> 00:25:26,640
Speaker 3: It has a capacity taking somebody from sharecropping and slavery,

518
00:25:26,680 --> 00:25:29,160
Speaker 3: which is Oprah story. In my story, my second great

519
00:25:29,160 --> 00:25:33,760
Speaker 3: grandparents were slaves. George Young Fault in the Civil War,

520
00:25:34,480 --> 00:25:40,119
Speaker 3: RB Smith, sharecropper Alabama to now. I own forty acres

521
00:25:41,280 --> 00:25:44,440
Speaker 3: with my wife in Faeddeville that was slave property, and

522
00:25:44,680 --> 00:25:49,000
Speaker 3: Fayddville County was an entire slave county. Ninety percent of

523
00:25:49,040 --> 00:25:51,879
Speaker 3: people who lived in Fayddeville were slaves. In the eighteen hundreds,

524
00:25:52,440 --> 00:25:58,520
Speaker 3: I bought intentionally. I bought sixteen acres, and then later

525
00:25:58,600 --> 00:26:01,080
Speaker 3: on in the white family next to me that had

526
00:26:01,119 --> 00:26:04,760
Speaker 3: a situation and somebody passed away and wanted to sell,

527
00:26:05,080 --> 00:26:08,000
Speaker 3: I bought twenty seven acres next to me. You can't

528
00:26:08,000 --> 00:26:11,600
Speaker 3: make this up. Forty acres and a mule. I got

529
00:26:11,680 --> 00:26:16,760
Speaker 3: forty acres in a sprinter van, and in eighteen sixty five,

530
00:26:17,800 --> 00:26:21,080
Speaker 3: Civil war ended, I really shouldn't say this, but my

531
00:26:21,160 --> 00:26:22,800
Speaker 3: dress is eighteen fifty six.

532
00:26:24,600 --> 00:26:25,479
Speaker 2: You can't make this up.

533
00:26:26,640 --> 00:26:31,520
Speaker 3: And so I completely flipped the script in a slave

534
00:26:31,640 --> 00:26:34,600
Speaker 3: county where I'm one of the biggest landowners and I'm

535
00:26:34,600 --> 00:26:36,359
Speaker 3: about to buy some more land next to me. But

536
00:26:36,440 --> 00:26:38,159
Speaker 3: I did all that through the free enterprise system. I

537
00:26:38,240 --> 00:26:41,919
Speaker 3: did all that legally, And to me, that's making smart sexy.

538
00:26:42,480 --> 00:26:44,480
Speaker 3: Knowing how this system works and making it work for

539
00:26:44,560 --> 00:26:47,680
Speaker 3: you versus working us is how we flip the script.

540
00:26:48,560 --> 00:26:50,640
Speaker 3: And that's what you guys are doing in your own,

541
00:26:51,640 --> 00:26:53,080
Speaker 3: your own way. And let me just say this one

542
00:26:53,200 --> 00:26:55,800
Speaker 3: last thing I said I was going to be disruptive tonight.

543
00:26:55,880 --> 00:26:58,080
Speaker 3: I'm saying this to you. I mentioned it on a

544
00:26:58,200 --> 00:27:00,640
Speaker 3: post I did this week, but I'm I even said

545
00:27:00,640 --> 00:27:04,159
Speaker 3: it to anybody publicly. One of the reason I like you,

546
00:27:04,240 --> 00:27:06,480
Speaker 3: guys is that when I talk to you off camera,

547
00:27:07,040 --> 00:27:10,040
Speaker 3: you really are smart, like you know your stuff. And

548
00:27:10,400 --> 00:27:12,760
Speaker 3: the one area where you can be a single expert,

549
00:27:12,800 --> 00:27:14,399
Speaker 3: you don't need to be smart, just a single expert,

550
00:27:14,480 --> 00:27:17,000
Speaker 3: is comedy because everybody wants to laugh.

551
00:27:17,240 --> 00:27:18,480
Speaker 2: Everybody needs to laugh.

552
00:27:18,600 --> 00:27:21,080
Speaker 3: It never goes out of style, and good times is great,

553
00:27:21,320 --> 00:27:23,440
Speaker 3: and bad times it's like oxygen.

554
00:27:25,359 --> 00:27:27,200
Speaker 2: But every place but comedy.

555
00:27:29,400 --> 00:27:34,280
Speaker 3: Being X is not enough. Being pretty is not enough.

556
00:27:35,560 --> 00:27:41,280
Speaker 3: Having a big ass is not enough. You know, having

557
00:27:41,920 --> 00:27:47,159
Speaker 3: a wig and you know manufactured body. Being smart is

558
00:27:47,240 --> 00:27:50,720
Speaker 3: not enough. Just make it up whatever. Being cool is

559
00:27:50,800 --> 00:27:55,520
Speaker 3: not enough. But if you look at the generation of

560
00:27:55,600 --> 00:27:59,879
Speaker 3: our people who now were brilliant, but we are now

561
00:28:00,080 --> 00:28:06,600
Speaker 3: under this mistaken perception that on Instagram or whatever platform

562
00:28:06,600 --> 00:28:11,119
Speaker 3: they're on that if you're smart, if you're pretty, if

563
00:28:11,160 --> 00:28:14,520
Speaker 3: you're handsome, if you're a genius, if you're a great athlete,

564
00:28:15,040 --> 00:28:16,440
Speaker 3: that's enough.

565
00:28:16,760 --> 00:28:17,080
Speaker 2: It's not.

566
00:28:18,080 --> 00:28:20,320
Speaker 3: And you're going to get your heart broken. This world's

567
00:28:20,359 --> 00:28:22,399
Speaker 3: going to break your heart. And what I'm trying to

568
00:28:22,480 --> 00:28:25,679
Speaker 3: do is to bring you into the real world because

569
00:28:27,680 --> 00:28:31,680
Speaker 3: something's happened that hasn't happened ever in our history. We're

570
00:28:31,720 --> 00:28:33,680
Speaker 3: in the third reconstruction right now. Cover all this in

571
00:28:33,760 --> 00:28:35,399
Speaker 3: the book, and I can break that down if you

572
00:28:35,720 --> 00:28:40,160
Speaker 3: want me to. First reconstruction, slavery freedom, second reconstruction, civil

573
00:28:40,240 --> 00:28:47,600
Speaker 3: rights movement, access, third reconstruction now twenty twenty four through

574
00:28:47,640 --> 00:28:50,720
Speaker 3: twenty thirty five. In my opinion, from the streets to

575
00:28:50,760 --> 00:28:56,400
Speaker 3: the suites, from civil rights to civil rights, it's about ownership.

576
00:28:57,400 --> 00:28:59,520
Speaker 3: First of all, it's about owning ourselves. Got to own

577
00:28:59,560 --> 00:29:02,200
Speaker 3: your own arrati. You gotta know who you are. If

578
00:29:02,240 --> 00:29:04,600
Speaker 3: I don't like me, I'm not gonna like you. If

579
00:29:04,640 --> 00:29:06,160
Speaker 3: I don't feel good about me, I'm not gonna feel

580
00:29:06,160 --> 00:29:06,560
Speaker 3: good about you.

581
00:29:06,760 --> 00:29:07,320
Speaker 2: Claire Hayden.

582
00:29:07,600 --> 00:29:09,400
Speaker 3: If I don't respect me, don't expect me to respect you.

583
00:29:10,440 --> 00:29:11,840
Speaker 3: If I off a purpose in my life, I'll make

584
00:29:11,880 --> 00:29:15,280
Speaker 3: your life a living in hell. Whatever goes around. So

585
00:29:15,920 --> 00:29:20,000
Speaker 3: ownership starts with mindset and self esteem, which is different

586
00:29:20,000 --> 00:29:22,400
Speaker 3: from self confidence, owning your own story, and then it

587
00:29:22,480 --> 00:29:28,080
Speaker 3: goes to assets. Now we think we won no no, no,

588
00:29:29,200 --> 00:29:33,640
Speaker 3: it was one for us, second reconstruction and Basil Young

589
00:29:33,680 --> 00:29:35,560
Speaker 3: it just spoke to him today, last living lieutenant for

590
00:29:35,640 --> 00:29:38,320
Speaker 3: doctor Martina King and Junior ninety four years young. We

591
00:29:38,720 --> 00:29:41,400
Speaker 3: see these people in Atlanta and we take it for granted.

592
00:29:41,880 --> 00:29:46,760
Speaker 3: Seeing Andrew Young's like seeing Nelson Mandela. You got the

593
00:29:46,840 --> 00:29:48,880
Speaker 3: King family walking around, you got the I mean, it's

594
00:29:48,960 --> 00:29:51,080
Speaker 3: unbelievable what we got here in Atlanta.

595
00:29:51,120 --> 00:29:51,480
Speaker 1: It's like this.

596
00:29:51,640 --> 00:29:56,240
Speaker 3: My wife calls Atlanta Wakanda, like it's unbelievable. In the

597
00:29:56,320 --> 00:29:59,200
Speaker 3: city economy is the same size as Singapore. Man five

598
00:29:59,280 --> 00:30:01,520
Speaker 3: hundred and eighty billion dollars a year, and.

599
00:30:01,520 --> 00:30:03,200
Speaker 2: You're part of it. And it's black.

600
00:30:03,600 --> 00:30:07,680
Speaker 3: Well, it's diverse, but it's run and lead largely by

601
00:30:07,720 --> 00:30:08,320
Speaker 3: people of color.

602
00:30:08,720 --> 00:30:11,640
Speaker 2: There's no place in the world that this exists.

603
00:30:14,320 --> 00:30:17,360
Speaker 3: And eighty billion a year in GDP, which is Greater

604
00:30:17,440 --> 00:30:20,440
Speaker 3: Atlanta the same size as the country Singapore.

605
00:30:20,520 --> 00:30:21,600
Speaker 2: Not the state of Georgia.

606
00:30:22,720 --> 00:30:25,800
Speaker 3: And the city of the Greater Atlanta, the seven counties

607
00:30:25,840 --> 00:30:29,640
Speaker 3: of Greater Atlanta is a bigger economy than the country

608
00:30:30,000 --> 00:30:32,280
Speaker 3: of Singapore. I'll go once it's all this is in

609
00:30:32,320 --> 00:30:34,880
Speaker 3: the book, I'll go one step further. You can take

610
00:30:34,880 --> 00:30:40,760
Speaker 3: the city of Atlanta, take the state of Alabama, the

611
00:30:40,840 --> 00:30:44,920
Speaker 3: state of Mississippi, the state of West Virginia, and the

612
00:30:45,000 --> 00:30:48,600
Speaker 3: state of Georgia, absent the city of Atlanta, Greater Atlanta,

613
00:30:49,040 --> 00:30:52,360
Speaker 3: all inside of the economy of Atlanta in Atlanta still bigger.

614
00:30:57,760 --> 00:31:01,280
Speaker 2: That's how amazing what we have done is.

615
00:31:02,080 --> 00:31:04,560
Speaker 5: I'm gonna say it one more time for the people

616
00:31:04,600 --> 00:31:07,560
Speaker 5: I know watching this show. It's a lot of we

617
00:31:07,680 --> 00:31:10,080
Speaker 5: got a lot of we got the whole hood watching this. Bro,

618
00:31:10,520 --> 00:31:14,200
Speaker 5: you heard that Great Atlanta five hundred and eighty billion.

619
00:31:15,520 --> 00:31:17,040
Speaker 2: Don't say, ain't no money at him.

620
00:31:16,920 --> 00:31:21,680
Speaker 3: Man Busy's airport in the world, in the world, the largest,

621
00:31:22,120 --> 00:31:26,240
Speaker 3: the only international city in the traditional South, the most

622
00:31:26,320 --> 00:31:31,400
Speaker 3: diverse place in the traditional South, the only place where

623
00:31:31,440 --> 00:31:32,760
Speaker 3: black the only color is green.

624
00:31:34,120 --> 00:31:35,200
Speaker 2: Folks too busy to hate.

625
00:31:36,840 --> 00:31:41,840
Speaker 3: We picked up a business plan that really, Birmingham, Alabama

626
00:31:41,880 --> 00:31:45,280
Speaker 3: should have Birmingham, Alabama should have had the airport Montgomery out,

627
00:31:45,320 --> 00:31:49,080
Speaker 3: I mean Birmingham and Abutma. Birmingham, Alabama was the industrial

628
00:31:50,160 --> 00:31:53,360
Speaker 3: base for then for the whole South. That's where the

629
00:31:53,400 --> 00:31:57,240
Speaker 3: railroads went through. That's were still with manufacturers named after Birmingham, England.

630
00:31:58,040 --> 00:31:58,840
Speaker 2: They were bigger.

631
00:31:58,720 --> 00:32:02,080
Speaker 3: Population, more sophistic dedicated, but they were stuck on race.

632
00:32:03,240 --> 00:32:06,520
Speaker 3: They were stuck on in the second reconstruction civil rights movement.

633
00:32:06,520 --> 00:32:08,320
Speaker 3: I'm gonna get back to why we think we're free,

634
00:32:08,400 --> 00:32:10,840
Speaker 3: by the way, and we're not. But they were stuck

635
00:32:10,920 --> 00:32:14,760
Speaker 3: on race, white and black white water fountains and all

636
00:32:14,800 --> 00:32:16,000
Speaker 3: that kind of stupid stuff.

637
00:32:16,000 --> 00:32:20,920
Speaker 2: I want to say something else, shit, stupid shit. I

638
00:32:21,000 --> 00:32:22,680
Speaker 2: appreciate that. Be my translator.

639
00:32:24,400 --> 00:32:27,200
Speaker 3: Atlanta decided to argue not over race, but over money.

640
00:32:28,160 --> 00:32:31,800
Speaker 3: Who got the contract. So Atlanta got a new business

641
00:32:31,840 --> 00:32:35,600
Speaker 3: plan and those other places. If you go to and again,

642
00:32:35,640 --> 00:32:38,000
Speaker 3: I love Members, Tennessee, great black mayor there now. I

643
00:32:38,080 --> 00:32:40,120
Speaker 3: love Birmingham, Alabama, great black mayor there.

644
00:32:40,160 --> 00:32:40,320
Speaker 1: Now.

645
00:32:40,680 --> 00:32:43,239
Speaker 2: I love Montgomery, Alabama, great mayor, black mayor there now.

646
00:32:43,680 --> 00:32:46,360
Speaker 3: But you go to those places with all due respect,

647
00:32:46,400 --> 00:32:50,160
Speaker 3: they look largely the way they looked in nineteen sixty

648
00:32:51,880 --> 00:32:55,880
Speaker 3: You with me, yeah, fat Take a photo of doctor

649
00:32:55,960 --> 00:33:01,120
Speaker 3: King going through the airport in Members, Tennessee when he

650
00:33:01,240 --> 00:33:04,600
Speaker 3: was assassinated. If you go to that airport right now,

651
00:33:04,960 --> 00:33:08,680
Speaker 3: it lists exactly the same if you used to have

652
00:33:08,760 --> 00:33:10,160
Speaker 3: the photo of where he was when he got in

653
00:33:10,240 --> 00:33:13,719
Speaker 3: the car outside. And Atlanta has been rebuilt and reimagined

654
00:33:13,760 --> 00:33:17,240
Speaker 3: and red vitalis and remodeled. I don't know thirty times

655
00:33:18,400 --> 00:33:20,960
Speaker 3: I'm an investor in Centennial, I'm bounced. I'm jemiling around here.

656
00:33:21,000 --> 00:33:23,240
Speaker 3: I hope that's okay. I'm sorry, I just feel at home.

657
00:33:25,120 --> 00:33:29,560
Speaker 3: I'm an investor with Tony Wrestler. This is three billionaires

658
00:33:29,600 --> 00:33:32,360
Speaker 3: from the same family, the same Jewish family, Richard Wrestler,

659
00:33:32,440 --> 00:33:34,920
Speaker 3: Tony Wrestler, and their sister.

660
00:33:35,440 --> 00:33:36,800
Speaker 2: They're each one of them are worth.

661
00:33:36,680 --> 00:33:42,160
Speaker 3: Ten twelve billion, fifteen billion in twelve billion each from

662
00:33:42,160 --> 00:33:44,480
Speaker 3: a middle class jewishamily. Whenever they were drinking. I want

663
00:33:44,560 --> 00:33:47,280
Speaker 3: some of it, the two of them, of the three

664
00:33:47,560 --> 00:33:50,760
Speaker 3: members of that family on the Atlanta Hawks, as my

665
00:33:50,960 --> 00:33:53,880
Speaker 3: former business partner, Tony Wrestler, and across the street was

666
00:33:53,960 --> 00:33:57,240
Speaker 3: now called Centennial Yards. As Richard Wrestler, I'm an investor.

667
00:33:57,800 --> 00:33:59,960
Speaker 3: I'm a partner with Tony Wrestler. That was a problem

668
00:34:00,040 --> 00:34:02,040
Speaker 3: homes company which I sold. I told you guys, I

669
00:34:02,120 --> 00:34:04,400
Speaker 3: sold that for nine figures. And I'm a partner in

670
00:34:04,480 --> 00:34:08,200
Speaker 3: Centennial Yards, which is the largest investment in Atlanta since

671
00:34:08,280 --> 00:34:17,120
Speaker 3: Atlanta Yards six billion dollars. What it consist of, this

672
00:34:17,280 --> 00:34:20,440
Speaker 3: is the This is that we built the downtown. Atlanta

673
00:34:20,480 --> 00:34:23,640
Speaker 3: had no downtown, had a midtown, and then had a

674
00:34:23,640 --> 00:34:27,239
Speaker 3: Beverly Hills, which is a bucket. There's no downtown. If

675
00:34:27,280 --> 00:34:29,120
Speaker 3: you want to go party, you won't go up. If

676
00:34:29,120 --> 00:34:30,600
Speaker 3: you want to go have a good time a nice

677
00:34:30,640 --> 00:34:33,440
Speaker 3: restaurant and go shopping. You you went from midtown and

678
00:34:33,520 --> 00:34:38,480
Speaker 3: you just went up up to bucket. Now we just

679
00:34:38,840 --> 00:34:42,440
Speaker 3: snuck up on you. There's a fifty acre development. There

680
00:34:42,520 --> 00:34:43,920
Speaker 3: used to be a hole in the ground. It was

681
00:34:44,000 --> 00:34:46,960
Speaker 3: used to be called the gulch. That was by the

682
00:34:46,960 --> 00:34:50,560
Speaker 3: way the railroad line that Andrew young rode the bus

683
00:34:50,719 --> 00:34:51,680
Speaker 3: in on when he.

684
00:34:51,719 --> 00:34:54,000
Speaker 2: Met doctor King in the sixties. That was also the

685
00:34:54,080 --> 00:34:55,960
Speaker 2: railroad rail railway line.

686
00:34:55,920 --> 00:35:00,320
Speaker 3: That the Union Army busted up the Confederates on in

687
00:35:00,480 --> 00:35:04,160
Speaker 3: eighteen sixty five, and that battle stopped the Civil War.

688
00:35:04,360 --> 00:35:07,600
Speaker 3: Without the Battle of Atlanta, for sure, Lincoln would not

689
00:35:07,680 --> 00:35:09,560
Speaker 3: have gotten re elected two weeks later.

690
00:35:10,200 --> 00:35:12,920
Speaker 2: And the war wouldn't have ended. In America would be different.

691
00:35:12,960 --> 00:35:18,440
Speaker 3: Atlanta literally sits at the epicenter of American history. Without Atlanta,

692
00:35:18,520 --> 00:35:20,279
Speaker 3: you wouldn't have the end of the Civil War. You

693
00:35:20,320 --> 00:35:22,719
Speaker 3: would not have the Civil Rights movement. And do you

694
00:35:22,880 --> 00:35:25,880
Speaker 3: not have what I now call the Silver Rights Movement

695
00:35:26,239 --> 00:35:30,440
Speaker 3: because all of it's headquartered in Atlanta. So now I

696
00:35:30,560 --> 00:35:33,320
Speaker 3: want you guys to go drive through mid what was

697
00:35:33,400 --> 00:35:36,200
Speaker 3: now called what was Midtown. I'm in Midtown. I call

698
00:35:36,239 --> 00:35:37,760
Speaker 3: it a New Dad and I call the town Square.

699
00:35:37,920 --> 00:35:42,200
Speaker 3: You'll see the Phoenix Hotel Boom, it's beautiful.

700
00:35:42,239 --> 00:35:49,000
Speaker 2: You'll see Cosmo, which is a cosm sorry, which is

701
00:35:49,120 --> 00:35:50,880
Speaker 2: like the Spear in Las Vegas.

702
00:35:51,440 --> 00:35:54,560
Speaker 3: But it's basically, you watch an F one match, team

703
00:35:55,040 --> 00:35:57,479
Speaker 3: F one game, or you can watch a soccer game whatever,

704
00:35:57,880 --> 00:35:58,400
Speaker 3: as if.

705
00:35:58,280 --> 00:36:00,719
Speaker 2: You're watching it it but you're a bleachers, but you

706
00:36:00,800 --> 00:36:02,879
Speaker 2: feel like you're at the event. At the event.

707
00:36:03,680 --> 00:36:08,480
Speaker 3: Live Nation putting the eighty five seat theater that's under construction.

708
00:36:08,280 --> 00:36:11,680
Speaker 2: Right eighty five eighty five. We'll be in there.

709
00:36:11,719 --> 00:36:18,960
Speaker 3: There you go, a bunch of restaurants, entertainment clubs, Virgin Airline,

710
00:36:19,400 --> 00:36:21,759
Speaker 3: Virgin Group is putting a new hotel there. This is

711
00:36:21,760 --> 00:36:24,560
Speaker 3: all across the street from the State Farm Arena and

712
00:36:25,160 --> 00:36:26,960
Speaker 3: Mercedes Ben Stadium.

713
00:36:27,239 --> 00:36:28,719
Speaker 2: I'm doing affordable housing.

714
00:36:28,560 --> 00:36:31,759
Speaker 1: I hope, right right up the street, bat and all that.

715
00:36:32,080 --> 00:36:33,680
Speaker 1: Y'all took all that property over there.

716
00:36:34,800 --> 00:36:36,880
Speaker 3: No, we just we're just on the fifty acres inside

717
00:36:36,920 --> 00:36:39,160
Speaker 3: the Coach. We're just literally inside where the whole was.

718
00:36:40,120 --> 00:36:41,960
Speaker 3: It took seven hundred This is a gangster. It took

719
00:36:42,000 --> 00:36:44,480
Speaker 3: seven hundred million dollars to just bring it to the

720
00:36:44,480 --> 00:36:45,040
Speaker 3: street level.

721
00:36:46,960 --> 00:36:49,759
Speaker 2: What you mean, up the whole, just to fill up

722
00:36:49,800 --> 00:36:50,360
Speaker 2: the whole.

723
00:36:51,800 --> 00:36:54,360
Speaker 3: Which still has trains operating, so you can so you

724
00:36:54,400 --> 00:36:56,960
Speaker 3: can build a city. It called seven hundred million dollars

725
00:36:57,760 --> 00:37:01,400
Speaker 3: just to bring it to the street. That's why nothing's

726
00:37:01,400 --> 00:37:04,040
Speaker 3: been happening at the Coach. But this is the magic

727
00:37:05,080 --> 00:37:07,680
Speaker 3: of Atlanta. This is what I'm telling you. This is

728
00:37:07,800 --> 00:37:13,080
Speaker 3: not happening anywhere in the South. Nowhere, even Nashville is

729
00:37:13,680 --> 00:37:16,839
Speaker 3: a minor version of what's been done here. You guys

730
00:37:16,880 --> 00:37:20,279
Speaker 3: have created magic, and it's and it's and it's at risk.

731
00:37:20,440 --> 00:37:24,680
Speaker 3: For this reason, we thought we won. We all walking

732
00:37:24,680 --> 00:37:27,480
Speaker 3: around like we chilling. Everybody's on Instagram like they won something.

733
00:37:27,480 --> 00:37:29,200
Speaker 2: What you win? What you win?

734
00:37:31,200 --> 00:37:33,640
Speaker 3: Doctor King and Andrew Young and Credit Scott King and

735
00:37:33,719 --> 00:37:37,920
Speaker 3: Dorothy hyd and all these heroes and sheroes got Kennedy

736
00:37:38,080 --> 00:37:41,680
Speaker 3: Johnson and Honorary President King. The past four civil rights

737
00:37:41,760 --> 00:37:47,759
Speaker 3: laws Voting Rights Act, Civil Rights Act, Open Housing Act,

738
00:37:47,880 --> 00:37:50,359
Speaker 3: et cetera, et cetera. These are basically, by the way

739
00:37:50,480 --> 00:37:53,560
Speaker 3: enforcement actions for a law for rights you already had

740
00:37:53,600 --> 00:37:55,680
Speaker 3: in the eighteen hundreds. That's a whole nother conversation. But

741
00:37:55,760 --> 00:37:58,320
Speaker 3: they created these laws as a result of that. You

742
00:37:58,440 --> 00:38:01,440
Speaker 3: now have a furtive action. You had the EI, you

743
00:38:01,480 --> 00:38:04,560
Speaker 3: have set aside contract to the airport, set aside contracts,

744
00:38:04,640 --> 00:38:08,759
Speaker 3: you had them with the federal government, building wealth, an opportunity,

745
00:38:09,400 --> 00:38:16,040
Speaker 3: access to education, HBCUs jobs and contracts, access to corporate jobs.

746
00:38:16,160 --> 00:38:19,319
Speaker 3: Basically the creation of the middle class. So we were

747
00:38:19,360 --> 00:38:22,680
Speaker 3: able to cash the check, but we were writing it

748
00:38:23,760 --> 00:38:26,200
Speaker 3: and when we were writing it is because somebody gave.

749
00:38:26,120 --> 00:38:29,560
Speaker 2: Us a right to it. Follow me.

750
00:38:30,200 --> 00:38:33,080
Speaker 3: We have the right to vote, we have the right

751
00:38:33,160 --> 00:38:35,920
Speaker 3: to have access to a facility, we have a right

752
00:38:36,000 --> 00:38:42,840
Speaker 3: to an education, right to contracts. But in an instant,

753
00:38:42,880 --> 00:38:46,640
Speaker 3: when somebody came along and decided, you know what, take

754
00:38:46,680 --> 00:38:51,240
Speaker 3: it away. I'm tired of all this and convinced through marketing,

755
00:38:51,520 --> 00:38:53,000
Speaker 3: bringing marketing, I've.

756
00:38:52,640 --> 00:38:53,319
Speaker 2: Got to give them credit.

757
00:38:53,560 --> 00:38:57,680
Speaker 3: Convince the puppet that somehow this was a reverse discrimination.

758
00:38:58,960 --> 00:39:01,839
Speaker 3: You've seen while we are since I've seen you. Last

759
00:39:02,800 --> 00:39:07,279
Speaker 3: Supreme Court is struck down something we thought would never

760
00:39:07,680 --> 00:39:12,239
Speaker 3: be struck down, voting rights. D I we arg d

761
00:39:12,360 --> 00:39:14,200
Speaker 3: I with did them listen anyway? Why argue with stupid?

762
00:39:14,320 --> 00:39:20,000
Speaker 3: But the whole infrastructure of what we thought was assured

763
00:39:20,760 --> 00:39:21,680
Speaker 3: and we took for granted.

764
00:39:21,719 --> 00:39:23,680
Speaker 2: We didn't go to vote. A lot of black folks

765
00:39:23,680 --> 00:39:24,279
Speaker 2: stayed at home.

766
00:39:24,560 --> 00:39:29,239
Speaker 3: Not my problem, whatever that stupid description is, it's your

767
00:39:29,320 --> 00:39:32,680
Speaker 3: problem now because last year, three hundred thousand black women

768
00:39:32,719 --> 00:39:36,000
Speaker 3: got laid off in three months, and it wasn't their fault.

769
00:39:37,200 --> 00:39:41,720
Speaker 3: Wrong place, wrong time, wrong political environment. So we actually

770
00:39:41,760 --> 00:39:44,560
Speaker 3: weren't in control of naturally anything.

771
00:39:46,040 --> 00:39:48,880
Speaker 2: We didn't win. It was one for us. You follow me,

772
00:39:50,920 --> 00:39:55,080
Speaker 2: somebody said, just kidding. You're on y'alln.

773
00:39:56,680 --> 00:40:00,239
Speaker 3: Then now you're faced with brutal capitalism that may not

774
00:40:00,320 --> 00:40:04,279
Speaker 3: be friendly to you. And here comes artificial intelligence hunting

775
00:40:04,320 --> 00:40:07,440
Speaker 3: your ass from around the corner, and we chill it.

776
00:40:09,360 --> 00:40:12,040
Speaker 3: How we should lie. We've been doing so much with

777
00:40:12,160 --> 00:40:14,600
Speaker 3: so little for so long. We could almost do anything

778
00:40:14,640 --> 00:40:18,200
Speaker 3: with nothing. Where the rules are published and the playing

779
00:40:18,280 --> 00:40:24,440
Speaker 3: through this level, we kill it. Professional sports, we killed it.

780
00:40:25,640 --> 00:40:27,040
Speaker 3: I can't remember the name of the athlete, but it

781
00:40:27,120 --> 00:40:29,160
Speaker 3: was I think it was nineteen thirty nine Olympic Games

782
00:40:29,200 --> 00:40:31,240
Speaker 3: in Germany, Jesse Owens.

783
00:40:31,280 --> 00:40:31,719
Speaker 1: He won.

784
00:40:32,320 --> 00:40:36,320
Speaker 3: He won those medals, and Hitler was some upset because

785
00:40:36,360 --> 00:40:40,600
Speaker 3: he said, you know, they were the only race is

786
00:40:40,800 --> 00:40:47,600
Speaker 3: whatever master race, and we kicked their rear in playing

787
00:40:47,680 --> 00:40:48,320
Speaker 3: by the rules.

788
00:40:49,320 --> 00:40:51,440
Speaker 2: He got up and left. Hitler got up with all

789
00:40:51,480 --> 00:40:54,480
Speaker 2: his boys that couldn't take it because God was too dignified.

790
00:40:54,920 --> 00:40:57,359
Speaker 2: Just was winning everything. He was winning. He just won

791
00:40:57,440 --> 00:41:02,400
Speaker 2: to spread, just won long jump kind of hitting, and

792
00:41:02,480 --> 00:41:03,160
Speaker 2: he didn't curse.

793
00:41:03,440 --> 00:41:05,319
Speaker 1: His brother won some medals to.

794
00:41:07,280 --> 00:41:08,439
Speaker 2: But but but he won.

795
00:41:09,840 --> 00:41:12,520
Speaker 3: He won by being smart and being talent and applying

796
00:41:12,560 --> 00:41:15,960
Speaker 3: his gifts, and Hitler couldn't take it and walked out.

797
00:41:16,640 --> 00:41:19,560
Speaker 2: At the end of the day. Hitler, five years later

798
00:41:19,719 --> 00:41:23,279
Speaker 2: was dead. And and and and and Owens is still

799
00:41:23,440 --> 00:41:24,600
Speaker 2: an icon in the world.

800
00:41:24,719 --> 00:41:27,320
Speaker 3: Light always wins because darkness is defined by light, not

801
00:41:27,440 --> 00:41:30,080
Speaker 3: the other way around. Badness has failed goodness. And the

802
00:41:30,160 --> 00:41:33,640
Speaker 3: devil is a punk. Lucifer's a punk because God. He's

803
00:41:33,640 --> 00:41:36,280
Speaker 3: a fallen angel and God gets himber mission to exist.

804
00:41:36,520 --> 00:41:39,560
Speaker 3: He ain't s hit But we give all these people,

805
00:41:39,640 --> 00:41:44,440
Speaker 3: all these false prophets, all this fake authority, and we

806
00:41:44,640 --> 00:41:47,480
Speaker 3: think that they're doing something because it's in that it's

807
00:41:47,600 --> 00:41:54,960
Speaker 3: short term, uh, immediate gratification that attracts us. But when

808
00:41:55,040 --> 00:41:59,160
Speaker 3: we come back to our core, we're spiritual people. And

809
00:41:59,320 --> 00:42:02,640
Speaker 3: you know, the first and walk face a walk up

810
00:42:02,719 --> 00:42:05,839
Speaker 3: right in the world with intelligence was a black woman.

811
00:42:07,320 --> 00:42:09,640
Speaker 3: I don't know if you know that all DNA in

812
00:42:09,800 --> 00:42:15,440
Speaker 3: the world comes from us. Don't don't trust me, look

813
00:42:15,480 --> 00:42:18,879
Speaker 3: it up for yourself. The only word that the only

814
00:42:19,000 --> 00:42:21,959
Speaker 3: word that includes the only color that includes every other color.

815
00:42:22,239 --> 00:42:24,440
Speaker 2: It's black and black women the only one with the

816
00:42:24,520 --> 00:42:25,040
Speaker 2: eve gene.

817
00:42:26,520 --> 00:42:28,440
Speaker 3: His brother historian here. But let me slow this down.

818
00:42:28,440 --> 00:42:30,640
Speaker 3: I'm gonna say this again. I don't know if you hurt.

819
00:42:30,760 --> 00:42:32,600
Speaker 3: I don't know if you I need you understand what

820
00:42:32,640 --> 00:42:34,160
Speaker 3: I just said. This is not a I'm not making

821
00:42:34,200 --> 00:42:37,040
Speaker 3: a racial comment here. Because we want to take this up,

822
00:42:37,040 --> 00:42:39,200
Speaker 3: they'll cut it. Somebody will try to take to make

823
00:42:39,280 --> 00:42:42,040
Speaker 3: something out of something I'm not. I'm not making a

824
00:42:42,160 --> 00:42:42,800
Speaker 3: racial comment.

825
00:42:42,880 --> 00:42:46,280
Speaker 2: I like math. It doesn't have an opinion. The only

826
00:42:46,440 --> 00:42:52,440
Speaker 2: color this is science that includes every other color. It's black.

827
00:42:53,160 --> 00:42:55,000
Speaker 2: And if you don't believe me, look it up for yourself.

828
00:42:56,160 --> 00:42:58,880
Speaker 2: So where did all this come from? This is made up?

829
00:42:59,239 --> 00:43:01,200
Speaker 2: The racial argument.

830
00:43:02,000 --> 00:43:05,399
Speaker 3: The world's five billion years old organism life four billion

831
00:43:05,480 --> 00:43:08,880
Speaker 3: years old, Neanderthal life two hundred million years old, modern

832
00:43:09,200 --> 00:43:13,200
Speaker 3: modern Homo sapiens two hundred thousand years old, modern enlightenment

833
00:43:13,280 --> 00:43:15,760
Speaker 3: six thousand years old, three thousand years since Jesus.

834
00:43:16,400 --> 00:43:18,640
Speaker 2: So where did racial word white come from?

835
00:43:19,600 --> 00:43:25,760
Speaker 3: Jamestown, Virginia in sixteen twenties because a trader of goods

836
00:43:25,800 --> 00:43:28,280
Speaker 3: and services who were using whites and black and dingered

837
00:43:28,320 --> 00:43:32,279
Speaker 3: servants together. They were both in denured service, poor whites

838
00:43:32,320 --> 00:43:35,360
Speaker 3: and poor blacks. When blacks and whites ran away together,

839
00:43:35,760 --> 00:43:37,279
Speaker 3: and they're gonna put this in the book, when they

840
00:43:37,400 --> 00:43:40,680
Speaker 3: ran away together and they were caught because they didn't

841
00:43:40,719 --> 00:43:41,440
Speaker 3: like how they were treated.

842
00:43:41,840 --> 00:43:42,960
Speaker 2: They were caught. They're friends.

843
00:43:44,120 --> 00:43:46,120
Speaker 3: The overseer came back and said, Boss, we got a problem.

844
00:43:47,120 --> 00:43:50,319
Speaker 3: They getting the law. They friends. Boss said, well, why

845
00:43:50,400 --> 00:43:52,960
Speaker 3: is that a problem. Well, we can have a race riot.

846
00:43:53,040 --> 00:43:56,360
Speaker 3: We cannot have a class riot. We're the class, boss.

847
00:43:56,760 --> 00:43:58,440
Speaker 3: And they got us out numbered, they'll run over us.

848
00:43:59,239 --> 00:44:01,680
Speaker 3: So they took the poor whites and they said, you know,

849
00:44:01,760 --> 00:44:04,960
Speaker 3: you're white like us, don't you. This had never been

850
00:44:05,080 --> 00:44:09,960
Speaker 3: uttered before in history. You had white royal members of

851
00:44:09,960 --> 00:44:13,080
Speaker 3: the Royal Party, a royal family, you had right, I'm sorry,

852
00:44:13,120 --> 00:44:14,719
Speaker 3: I'm not black. You had black members of royal family.

853
00:44:14,760 --> 00:44:17,680
Speaker 3: You had black industrials, you had black you had black

854
00:44:17,760 --> 00:44:20,880
Speaker 3: people in power, going back thousands of years, tens of

855
00:44:20,960 --> 00:44:27,040
Speaker 3: thousands of years. He told this guy, you're white like us.

856
00:44:29,239 --> 00:44:31,160
Speaker 3: Now you're in charge of them. I'm gonna give you

857
00:44:31,200 --> 00:44:33,359
Speaker 3: two more years running away. I'm getting to give them life.

858
00:44:33,400 --> 00:44:35,720
Speaker 3: That was the beginning of slavery. By the word slavery

859
00:44:35,800 --> 00:44:39,080
Speaker 3: did not start with African Americans. Slave is a Slavic word.

860
00:44:40,760 --> 00:44:43,960
Speaker 3: Slot white, white, white Europeans. We're slaves.

861
00:44:44,440 --> 00:44:46,800
Speaker 2: This is getting too deep. I'm just saying this is

862
00:44:46,840 --> 00:44:47,160
Speaker 2: a game.

863
00:44:47,760 --> 00:44:51,640
Speaker 3: So for four hundred years we've been arguing, by the way,

864
00:44:51,719 --> 00:44:54,080
Speaker 3: the biggest group of poor people in this country.

865
00:44:54,480 --> 00:45:03,520
Speaker 2: Are poor whites. Hello again, poor people in America are

866
00:45:03,680 --> 00:45:04,360
Speaker 2: poor whites?

867
00:45:04,480 --> 00:45:05,640
Speaker 1: Now chicken that.

868
00:45:06,440 --> 00:45:10,160
Speaker 3: Now here's what's my point for anybody Washington's going, John,

869
00:45:10,239 --> 00:45:10,759
Speaker 3: don't get it.

870
00:45:11,040 --> 00:45:13,399
Speaker 2: This is all about racism and the white man. Okay,

871
00:45:15,120 --> 00:45:16,239
Speaker 2: slow year role for a minute.

872
00:45:16,760 --> 00:45:20,880
Speaker 3: If this is true, why didn't the rich white people

873
00:45:21,719 --> 00:45:24,680
Speaker 3: come back and get the poor white people and say

874
00:45:24,800 --> 00:45:27,759
Speaker 3: y'all come in with us four hundred years ago?

875
00:45:29,320 --> 00:45:29,360
Speaker 1: What?

876
00:45:29,600 --> 00:45:31,040
Speaker 2: What did I miss something?

877
00:45:32,120 --> 00:45:35,279
Speaker 3: Because doctor King Guy was assassinated in sixty eight with

878
00:45:35,400 --> 00:45:38,479
Speaker 3: the Poor Peoples Campaign, trying to help all poor people,

879
00:45:38,640 --> 00:45:41,080
Speaker 3: including poor whites. That's one of the reasons he was

880
00:45:41,080 --> 00:45:44,120
Speaker 3: taking out before he ever got to Washington, DC. So

881
00:45:44,360 --> 00:45:47,879
Speaker 3: if this is racial only, yes, racism exists, be clear

882
00:45:47,880 --> 00:45:50,279
Speaker 3: about that. But if this is rare, I think it's

883
00:45:50,320 --> 00:45:53,800
Speaker 3: really class disguised as I think it's really about class,

884
00:45:53,880 --> 00:45:58,760
Speaker 3: money and power. Races is an interesting, wonderful distraction.

885
00:45:59,239 --> 00:45:59,799
Speaker 2: I guess his all.

886
00:46:00,520 --> 00:46:02,840
Speaker 3: If this was really just about a race and races everything,

887
00:46:03,120 --> 00:46:06,000
Speaker 3: why somebody explained to me why there are poor whites

888
00:46:06,040 --> 00:46:09,240
Speaker 3: in America? I don't understand it because the rich whites

889
00:46:09,239 --> 00:46:11,880
Speaker 3: would have said, poor whites, you're with us.

890
00:46:12,160 --> 00:46:12,960
Speaker 2: That did not happen.

891
00:46:14,000 --> 00:46:16,000
Speaker 5: Well, if you can convince the poor is white man

892
00:46:16,200 --> 00:46:17,760
Speaker 5: that he's still better than the black.

893
00:46:17,600 --> 00:46:23,000
Speaker 2: Man in his head mentally, he don't because no critical thinking.

894
00:46:23,280 --> 00:46:24,840
Speaker 3: There was no critical thinking with the poor whites. He

895
00:46:24,840 --> 00:46:27,040
Speaker 3: didn't say, am I wealthy like you do? I have

896
00:46:27,160 --> 00:46:29,560
Speaker 3: titles from from from England like you do, I have

897
00:46:29,719 --> 00:46:32,880
Speaker 3: land like you. He didn't ask those questions. That's critical thinking.

898
00:46:33,719 --> 00:46:35,879
Speaker 3: He just said, oh, so I'm now in charge of them.

899
00:46:36,280 --> 00:46:40,560
Speaker 3: Now them were his friends. But this changes things, right,

900
00:46:40,840 --> 00:46:41,520
Speaker 3: the money.

901
00:46:41,320 --> 00:46:41,879
Speaker 1: Playing that game.

902
00:46:41,920 --> 00:46:44,480
Speaker 5: Even when they see the election in Trump, they get

903
00:46:44,520 --> 00:46:46,040
Speaker 5: to the poor whites and they all vote for them.

904
00:46:46,040 --> 00:46:47,799
Speaker 2: They the first ones to complain about voting for him.

905
00:46:47,960 --> 00:46:52,279
Speaker 3: So somebody is riding at the ballot box. Black people,

906
00:46:52,360 --> 00:46:54,239
Speaker 3: when we get upset, we ride in the streets. We're

907
00:46:54,280 --> 00:46:59,040
Speaker 3: emotional people. When poor whites get upset appears they ride

908
00:46:59,040 --> 00:47:02,719
Speaker 3: at the ballot box. It's still writing. Let me tell

909
00:47:02,760 --> 00:47:06,160
Speaker 3: you something, Well, you go to a five hundred credit cordinator.

910
00:47:06,200 --> 00:47:08,960
Speaker 3: Let's just level the playing field. Think about a poor

911
00:47:09,040 --> 00:47:11,160
Speaker 3: black neighborhood. Think about it, and now what you think

912
00:47:11,160 --> 00:47:13,920
Speaker 3: about now about a poor white real neighborhood. You tell

913
00:47:13,960 --> 00:47:15,480
Speaker 3: me if I'm wrong. Here's what you see.

914
00:47:15,560 --> 00:47:19,799
Speaker 2: The check casher, petty long linder.

915
00:47:21,280 --> 00:47:26,520
Speaker 5: Rip, the own store, dollar tree, family dollars, the liquor store.

916
00:47:26,840 --> 00:47:30,920
Speaker 4: Yeah, in my life nine gas station, Like we just

917
00:47:30,960 --> 00:47:32,480
Speaker 4: can't get gas from him or him.

918
00:47:34,280 --> 00:47:35,640
Speaker 1: Him my.

919
00:47:38,440 --> 00:47:42,719
Speaker 3: Neighborhood, poor black neighborhood. And by the way, I'm I

920
00:47:42,840 --> 00:47:45,480
Speaker 3: lay it on this book. I mapped every zip code

921
00:47:45,480 --> 00:47:48,680
Speaker 3: in America by credit score. You lift a sixty one

922
00:47:48,800 --> 00:47:53,360
Speaker 3: years old in a five hundred credit score neighborhood fifteen

923
00:47:53,440 --> 00:47:55,520
Speaker 3: minutes away from every father of the credit score urban

924
00:47:55,560 --> 00:47:56,880
Speaker 3: neighborhood is a seven.

925
00:47:56,719 --> 00:47:57,960
Speaker 2: Hundred credit score neighborhood.

926
00:47:58,320 --> 00:48:02,120
Speaker 3: You lift at eighty one years of age in seven

927
00:48:02,239 --> 00:48:04,680
Speaker 3: hundred credit score Neighborhood'm gonna make this really plain for

928
00:48:04,800 --> 00:48:08,839
Speaker 3: our viewers. You're in Chicago, you live in Garfield Park.

929
00:48:10,480 --> 00:48:12,320
Speaker 3: I don't know everybody here knows what Garfield Park is.

930
00:48:12,600 --> 00:48:16,520
Speaker 3: It's the hood you lived the sixty one years of

931
00:48:16,600 --> 00:48:19,160
Speaker 3: age on average, you only get to Social Security. You

932
00:48:19,280 --> 00:48:21,480
Speaker 3: get on the freeway and you go to Lincoln Park,

933
00:48:21,640 --> 00:48:25,000
Speaker 3: which is fifteen minutes away on the freeway in Chicago,

934
00:48:25,280 --> 00:48:31,160
Speaker 3: you live in that neighborhood to ninety years old. What

935
00:48:31,320 --> 00:48:34,400
Speaker 3: else has changed but economics. So when you're living a

936
00:48:34,440 --> 00:48:37,239
Speaker 3: fireing creditcred neighborhood, you're stressed out, you got too much

937
00:48:37,280 --> 00:48:39,239
Speaker 3: month at the end of your money, it's single parent

938
00:48:39,360 --> 00:48:43,719
Speaker 3: households's no financial services. It's low credit score or high

939
00:48:43,760 --> 00:48:49,520
Speaker 3: cost of living. You fall dead, hypertension, diabet, stroke, Black

940
00:48:49,560 --> 00:48:52,280
Speaker 3: on black crime, poverty on poverty, crime. The three groups

941
00:48:52,320 --> 00:48:56,719
Speaker 3: that didn't get the member in this country African Americans,

942
00:48:58,840 --> 00:49:02,840
Speaker 3: poor whites, and Native American Indians. Wasn't everyone to go

943
00:49:03,000 --> 00:49:08,480
Speaker 3: dropping daan in America? Poor white man dying of OPIOI,

944
00:49:08,560 --> 00:49:13,440
Speaker 3: addiction depression, essentially, what's going on with Native American Indians

945
00:49:13,960 --> 00:49:16,600
Speaker 3: alcohol and alcohol depression.

946
00:49:17,719 --> 00:49:20,080
Speaker 2: I'm gonna say something You're not gonna like it. I

947
00:49:20,160 --> 00:49:21,320
Speaker 2: think that seventy percent.

948
00:49:21,040 --> 00:49:24,200
Speaker 3: Of Black people, it's bring as we are clinically undiagnosed, depressed,

949
00:49:25,520 --> 00:49:27,000
Speaker 3: explain so much we.

950
00:49:27,080 --> 00:49:31,080
Speaker 5: Wake up in the morning on NINETD n PTSDSD.

951
00:49:31,200 --> 00:49:33,880
Speaker 3: Why am I saying this because the African American experience

952
00:49:33,960 --> 00:49:38,359
Speaker 3: is different from the African Caribbean experience. Exactly different from

953
00:49:38,400 --> 00:49:42,760
Speaker 3: the African African experience. African African African Caribbean are closer

954
00:49:43,120 --> 00:49:46,840
Speaker 3: because slavery for them lasted shorter period of time in

955
00:49:46,880 --> 00:49:49,239
Speaker 3: a brutal environment. If you were a slave where I

956
00:49:49,320 --> 00:49:52,800
Speaker 3: was at yesterday, in the Caribbean, they kept your families together.

957
00:49:53,680 --> 00:49:54,640
Speaker 1: Am I boring you? Guys?

958
00:49:56,560 --> 00:49:58,719
Speaker 3: They kept your family. It was a nuclear family. If

959
00:49:58,760 --> 00:50:01,480
Speaker 3: you were a slave in the Caribbean, mom and dad

960
00:50:01,560 --> 00:50:04,560
Speaker 3: and kids. So now you're growing up. Yeah, you're a slave.

961
00:50:04,600 --> 00:50:08,279
Speaker 3: It's a horrible thing, but it's a family structure now,

962
00:50:08,360 --> 00:50:09,719
Speaker 3: you know. And then when you get out of that.

963
00:50:09,840 --> 00:50:14,360
Speaker 3: Now the mayor looks like you, The dentist looks like you,

964
00:50:15,640 --> 00:50:18,759
Speaker 3: the robber looks like you. I mean, everybody from the

965
00:50:18,880 --> 00:50:20,840
Speaker 3: from from from the top the bottom looks like you.

966
00:50:21,040 --> 00:50:25,680
Speaker 2: To your self esteem is higher, you follow me.

967
00:50:26,280 --> 00:50:28,960
Speaker 3: Your confidence is lower because you're in a effectively a

968
00:50:29,000 --> 00:50:34,120
Speaker 3: second or third world country economically America, brutal capitalism. Tell

969
00:50:34,200 --> 00:50:37,279
Speaker 3: your kids off, so you have no hope. Hold your

970
00:50:37,280 --> 00:50:40,759
Speaker 3: wife down and a brutalizer start hold you down while

971
00:50:40,760 --> 00:50:43,440
Speaker 3: they brutalize your wife. So you, as a provider and

972
00:50:43,520 --> 00:50:46,680
Speaker 3: the and the and the caregiver, you can't protect her.

973
00:50:47,040 --> 00:50:50,239
Speaker 3: You lose your self esteem, You lose your sense of

974
00:50:50,520 --> 00:50:54,480
Speaker 3: male identity. You're masculated. They don't want to kill you,

975
00:50:54,840 --> 00:51:00,000
Speaker 3: they want to destroy your spirit. It's not personal, it's business.

976
00:51:00,320 --> 00:51:09,000
Speaker 3: They want a machine. Now, why why take you all

977
00:51:09,120 --> 00:51:12,680
Speaker 3: the way from Africa here to do this to us?

978
00:51:13,760 --> 00:51:16,200
Speaker 2: Is it personal? Please listen to me. No one brought

979
00:51:16,239 --> 00:51:17,960
Speaker 2: you all away from Africa because they don't like you.

980
00:51:21,280 --> 00:51:28,360
Speaker 2: Why because we were agricultural genius. We were agricultural.

981
00:51:27,520 --> 00:51:32,920
Speaker 3: Geniuses in an age when the gold was cotton and tobacco.

982
00:51:33,360 --> 00:51:36,719
Speaker 2: Please hear me, where was that.

983
00:51:38,280 --> 00:51:42,520
Speaker 3: Crop best fertilized in the South, in the South, and

984
00:51:42,640 --> 00:51:45,359
Speaker 3: in the Caribbean and in Latin America. By the way,

985
00:51:45,440 --> 00:51:48,760
Speaker 3: the second president of Mexico in eighteen twenties was Mulatto

986
00:51:48,960 --> 00:51:52,759
Speaker 3: of African descent. That's a whole nother story. Slavery was

987
00:51:52,800 --> 00:51:56,400
Speaker 3: outlawed in Mexico was for forty years. We were outlaw

988
00:51:56,440 --> 00:52:04,640
Speaker 3: in the United States. Back to the story, So African Americans,

989
00:52:06,520 --> 00:52:10,040
Speaker 3: our self esteem was destroyed intentionally so we wouldn't fight back.

990
00:52:11,320 --> 00:52:14,080
Speaker 2: But they needed people who could take dead.

991
00:52:14,000 --> 00:52:18,560
Speaker 3: Soil Africa under harsh, heated conditions and bring it back

992
00:52:18,560 --> 00:52:18,919
Speaker 3: to life.

993
00:52:20,320 --> 00:52:20,880
Speaker 2: That's what we did.

994
00:52:21,040 --> 00:52:23,759
Speaker 3: You know where Wall Street rhetorical question we get to

995
00:52:23,760 --> 00:52:26,160
Speaker 3: answer what did Wall Street creep? What did Wall Street start?

996
00:52:26,280 --> 00:52:32,320
Speaker 3: In Montgomery, Alabama? Leaman Brothers was born in Montgomery, Alabama.

997
00:52:32,440 --> 00:52:36,319
Speaker 3: Don't trust me, look it up yourself. Why Because that's

998
00:52:36,360 --> 00:52:38,239
Speaker 3: where the slaves were, and that's where the slave trade,

999
00:52:38,239 --> 00:52:42,319
Speaker 3: that's where the mixed up. Alabama and Mississippi had more

1000
00:52:42,400 --> 00:52:44,919
Speaker 3: millionaires in the eighteen fifties than.

1001
00:52:44,960 --> 00:52:46,000
Speaker 2: Anywhere in America.

1002
00:52:46,239 --> 00:52:51,000
Speaker 3: The richest city in the world in eighteen forty was

1003
00:52:51,160 --> 00:52:57,160
Speaker 3: not just Mississippi, in the world. When the rules of

1004
00:52:57,200 --> 00:53:01,000
Speaker 3: publish and plainfuwers level once again, we kill it. Professional sports,

1005
00:53:02,360 --> 00:53:08,359
Speaker 3: the arts, politics, from slavery to President of United States

1006
00:53:08,360 --> 00:53:13,920
Speaker 3: of America. Faith I just talked to Bish from TDJX yesterday.

1007
00:53:14,080 --> 00:53:16,680
Speaker 3: The biggest I mean, he's basically the black Pope. I mean,

1008
00:53:16,800 --> 00:53:19,640
Speaker 3: build a global empire from West Virginia, which is where

1009
00:53:19,640 --> 00:53:24,640
Speaker 3: he was born. Trying to give another group another thing

1010
00:53:24,719 --> 00:53:27,399
Speaker 3: that we've killed the game on. But I mean that's

1011
00:53:27,480 --> 00:53:32,520
Speaker 3: for example, everywhere, but not capitalism, not free enterprise.

1012
00:53:32,920 --> 00:53:33,839
Speaker 2: And what's my point.

1013
00:53:34,040 --> 00:53:38,920
Speaker 3: This country's built on capitalism and free enterprise. The whole

1014
00:53:39,120 --> 00:53:43,320
Speaker 3: world is built on capitalism and free enterprise. So for

1015
00:53:43,520 --> 00:53:48,200
Speaker 3: us to argue and spend value time debating about whether

1016
00:53:48,320 --> 00:53:51,600
Speaker 3: we like capitalism or not is rearranging the deck chairs

1017
00:53:51,640 --> 00:53:52,840
Speaker 3: and the damn Titanic.

1018
00:53:53,080 --> 00:53:55,759
Speaker 2: The ship is sinking and we're picking drapes. And I

1019
00:53:55,840 --> 00:53:56,160
Speaker 2: don't know.

1020
00:53:56,200 --> 00:53:58,319
Speaker 3: About you, but I'm like Malcolm X right now, we've

1021
00:53:58,360 --> 00:54:01,279
Speaker 3: been bamboozled, We've been tricked, we've been fooled, we've been

1022
00:54:01,400 --> 00:54:01,799
Speaker 3: hood wing.

1023
00:54:02,000 --> 00:54:04,479
Speaker 2: We're better run them up. And I'm sick and tired

1024
00:54:04,520 --> 00:54:07,280
Speaker 2: of being sick and tired. What I say to people

1025
00:54:07,440 --> 00:54:14,280
Speaker 2: is nothing else has worked. We tried the government.

1026
00:54:15,719 --> 00:54:18,480
Speaker 3: They just told you you on your own. Have I

1027
00:54:18,560 --> 00:54:22,520
Speaker 3: missed something? I'm talking to everybody here. Have I missed something?

1028
00:54:23,680 --> 00:54:24,640
Speaker 2: It's not a good feeling.

1029
00:54:24,760 --> 00:54:28,000
Speaker 3: Is it for somebody else to be in control of

1030
00:54:28,120 --> 00:54:34,840
Speaker 3: your destiny? Every other group disengaged from the government and

1031
00:54:34,920 --> 00:54:38,120
Speaker 3: win in a free enterprise and capitalism. We hung on

1032
00:54:38,320 --> 00:54:41,799
Speaker 3: too long, We had too much faith. I'm not criticizing.

1033
00:54:42,640 --> 00:54:44,439
Speaker 3: We did the best we could with what we had,

1034
00:54:45,320 --> 00:54:50,080
Speaker 3: but this is probably fifty years too late. They and

1035
00:54:50,800 --> 00:54:52,920
Speaker 3: this president has done something that hasn't ever been done

1036
00:54:52,960 --> 00:54:58,000
Speaker 3: since nineteen sixty. He unified black people. Well, we all

1037
00:54:58,080 --> 00:54:59,920
Speaker 3: have won accord. Now we're like, what we gonna do.

1038
00:55:02,800 --> 00:55:05,160
Speaker 3: That's what you said. What we're going to do, and

1039
00:55:05,320 --> 00:55:13,080
Speaker 3: what I think we do is this God is on

1040
00:55:13,239 --> 00:55:18,160
Speaker 3: the throne. Why do I believe that? In nineteen fifty two,

1041
00:55:18,360 --> 00:55:22,600
Speaker 3: America was ninety percent white, So that means what doctor

1042
00:55:22,640 --> 00:55:23,480
Speaker 3: King everybody.

1043
00:55:23,239 --> 00:55:26,280
Speaker 2: Did was nothing less than genius. That was just moral authority.

1044
00:55:26,400 --> 00:55:29,360
Speaker 3: Eight percent of black people flipped the whole country seventy

1045
00:55:29,360 --> 00:55:33,600
Speaker 3: employees doctor King had. Today Americas, African Americans are forty percent,

1046
00:55:33,920 --> 00:55:37,520
Speaker 3: sorry after Americans, and Latin minorities are forty percent of

1047
00:55:37,560 --> 00:55:38,000
Speaker 3: this country.

1048
00:55:38,680 --> 00:55:40,800
Speaker 2: Within ten years will be a majority of minorities.

1049
00:55:42,680 --> 00:55:48,200
Speaker 3: The economy today is twenty percent immigrant. The GDP of

1050
00:55:48,239 --> 00:55:52,320
Speaker 3: America's thirty trillion dollars. Twenty percent of the GDP of

1051
00:55:52,400 --> 00:55:57,480
Speaker 3: America are immigrants, the same people being demonized. I'll give

1052
00:55:57,480 --> 00:56:02,800
Speaker 3: you a strong one. It's in the book. In nineteen

1053
00:56:02,960 --> 00:56:09,000
Speaker 3: seventy two, a white, blue eyed, a white blue eyed,

1054
00:56:09,080 --> 00:56:12,279
Speaker 3: blond haired woman wealthy could not get a bank loan

1055
00:56:13,239 --> 00:56:15,720
Speaker 3: in America, I'm sorry, could not get a bank account

1056
00:56:15,719 --> 00:56:16,240
Speaker 3: in America.

1057
00:56:16,640 --> 00:56:18,919
Speaker 2: No woman could. It was against the law deeds, huh,

1058
00:56:19,200 --> 00:56:19,919
Speaker 2: or a credit card.

1059
00:56:20,040 --> 00:56:21,920
Speaker 3: Couldn't get a law credit? You mean, you know your

1060
00:56:21,960 --> 00:56:24,279
Speaker 3: stuff couldn't get a credit card unless her husband co

1061
00:56:24,440 --> 00:56:27,359
Speaker 3: signed it. Why do I say that, Let's go back

1062
00:56:27,400 --> 00:56:30,480
Speaker 3: to now, and said about the second reconstruction, Black America

1063
00:56:30,840 --> 00:56:33,759
Speaker 3: pushed his country to live up to its potential, to

1064
00:56:33,840 --> 00:56:34,400
Speaker 3: its constitution.

1065
00:56:34,520 --> 00:56:36,200
Speaker 2: It's Bill of rights that happened.

1066
00:56:35,960 --> 00:56:40,040
Speaker 3: Here in Atlanta civil rights movement, the four Civil Rights Bills.

1067
00:56:40,400 --> 00:56:43,120
Speaker 3: So here comes Kennedy, who really didn't care all that

1068
00:56:43,200 --> 00:56:45,399
Speaker 3: much about civil rights, but he was pushed to care.

1069
00:56:45,600 --> 00:56:48,399
Speaker 3: Here comes Johnson, who was not a very nice person,

1070
00:56:48,480 --> 00:56:50,200
Speaker 3: but passed all these civil rights bills.

1071
00:56:50,360 --> 00:56:54,480
Speaker 2: And here comes the honorary President King. Some people thought

1072
00:56:54,600 --> 00:56:55,359
Speaker 2: they went too far.

1073
00:56:57,560 --> 00:57:04,200
Speaker 3: They killed them physically Kennedy, Kennedy, Malcolm X Martin, the

1074
00:57:04,280 --> 00:57:07,840
Speaker 3: whole list of other players just taking off the scene

1075
00:57:08,640 --> 00:57:14,600
Speaker 3: politically killed by going from Kennedy and Johnson to Nixon.

1076
00:57:15,640 --> 00:57:16,360
Speaker 1: Total opposite.

1077
00:57:16,760 --> 00:57:20,040
Speaker 3: By the way it happens every reconstruction. First reconstruction, Lincoln

1078
00:57:20,480 --> 00:57:24,680
Speaker 3: gets assassinated. The reaction was President Johnson, who was his

1079
00:57:24,800 --> 00:57:28,000
Speaker 3: vice president, who was the Southern segregationist. That's why, that's

1080
00:57:28,040 --> 00:57:30,000
Speaker 3: why he pulled off federal troops out of the South,

1081
00:57:30,200 --> 00:57:31,200
Speaker 3: stopped reconstruction.

1082
00:57:31,800 --> 00:57:33,360
Speaker 1: So told him that if Lord of for you to

1083
00:57:33,400 --> 00:57:34,480
Speaker 1: win is what you gotta do first.

1084
00:57:36,080 --> 00:57:40,760
Speaker 2: So what So look at what's happening now. Don't name names.

1085
00:57:41,000 --> 00:57:47,800
Speaker 3: You gone from Obama to something else. Reaction here, overreaction here,

1086
00:57:48,240 --> 00:57:49,920
Speaker 3: George Floyd's murder two thousand.

1087
00:57:49,960 --> 00:57:51,000
Speaker 2: You're living through history.

1088
00:57:51,800 --> 00:57:54,160
Speaker 3: If you were black in two thy and twenty one

1089
00:57:54,840 --> 00:57:57,520
Speaker 3: and walking down the street, somebody would have given you

1090
00:57:57,600 --> 00:57:59,840
Speaker 3: a check. There was a there was a year period.

1091
00:58:00,080 --> 00:58:02,560
Speaker 3: We're black, We're money was just flawing. Am I talking

1092
00:58:02,600 --> 00:58:07,120
Speaker 3: to myself? Money was just plawing to anybody black if you.

1093
00:58:07,120 --> 00:58:12,080
Speaker 2: Were in twenty twenty one. By twenty twenty three, who

1094
00:58:12,280 --> 00:58:14,160
Speaker 2: anti woke? And what reaction?

1095
00:58:14,600 --> 00:58:18,720
Speaker 3: Some people thought gone too far by the way. I

1096
00:58:18,840 --> 00:58:22,560
Speaker 3: think we took it too far. I think we poup

1097
00:58:22,680 --> 00:58:26,160
Speaker 3: the bear. I think we antagonized. We were not smooth

1098
00:58:26,920 --> 00:58:29,800
Speaker 3: about how we did things. We stepped in mess not over.

1099
00:58:29,880 --> 00:58:33,000
Speaker 3: It's a different conversation about strategy. But we created a

1100
00:58:33,280 --> 00:58:36,640
Speaker 3: reaction that we're experiencing.

1101
00:58:38,080 --> 00:58:38,480
Speaker 2: Right now.

1102
00:58:39,400 --> 00:58:42,720
Speaker 3: So you're sitting in a moment in history right now.

1103
00:58:43,160 --> 00:58:45,000
Speaker 3: But history does not feel historic when you're sitting and

1104
00:58:45,040 --> 00:58:46,200
Speaker 3: it just feels like another day.

1105
00:58:46,520 --> 00:58:47,720
Speaker 2: It's the third reconstruction.

1106
00:58:48,720 --> 00:58:52,720
Speaker 3: So the battle is no longer here, it's here, So

1107
00:58:52,840 --> 00:58:55,680
Speaker 3: now why am I saying the answer to your question

1108
00:58:55,800 --> 00:59:00,760
Speaker 3: is capitalism. Let's go back to that woman's story. Because

1109
00:59:00,800 --> 00:59:02,760
Speaker 3: of black people in affirmative action, we didn't get the

1110
00:59:02,760 --> 00:59:05,480
Speaker 3: affirmtive action. Nixon gave it to white women. I say,

1111
00:59:05,720 --> 00:59:07,760
Speaker 3: God bless them. I'm glad somebody got it because of

1112
00:59:07,800 --> 00:59:10,000
Speaker 3: white women. Black women got it, Latino women got it,

1113
00:59:10,040 --> 00:59:12,120
Speaker 3: Asian women got it. Today, women are a third of

1114
00:59:12,120 --> 00:59:17,080
Speaker 3: the US economy. Women are eight to ten tradeon of

1115
00:59:17,200 --> 00:59:20,160
Speaker 3: thirty trillion dollars a year. That would have happened if

1116
00:59:20,200 --> 00:59:22,920
Speaker 3: they didn't get the rights that we teed up in

1117
00:59:23,040 --> 00:59:27,360
Speaker 3: the seventies. So bring that story to present. City Group

1118
00:59:27,440 --> 00:59:30,560
Speaker 3: put this in the report here that discrimination against blacks

1119
00:59:30,600 --> 00:59:33,920
Speaker 3: alone between two thousand and twenty, between two thousand and

1120
00:59:34,080 --> 00:59:39,200
Speaker 3: twenty twenty cost the US economy sixteen trillion dollars. Not

1121
00:59:39,880 --> 00:59:44,800
Speaker 3: these Asians, not Latinos, not slavery, not civil rights movement,

1122
00:59:45,080 --> 00:59:50,280
Speaker 3: twenty years between two thousand and twenty twenty and twenty twenty.

1123
00:59:51,680 --> 00:59:56,120
Speaker 3: City Group, not NACP, not LOROUSA, not some liberal group.

1124
00:59:56,800 --> 01:00:02,600
Speaker 3: City Roup calculated cost economy six teen trillion dollars, and

1125
01:00:02,720 --> 01:00:04,720
Speaker 3: they just knock it all. We'll get a trillion.

1126
01:00:04,520 --> 01:00:05,080
Speaker 2: Dollars a year.

1127
01:00:05,880 --> 01:00:08,760
Speaker 3: And I've already told you about the power of Atlanta,

1128
01:00:09,000 --> 01:00:13,120
Speaker 3: But that's really the power of diversity. The most wealthy

1129
01:00:13,200 --> 01:00:16,400
Speaker 3: companies in America are the most diverse, the most profitable.

1130
01:00:16,960 --> 01:00:20,920
Speaker 3: The most diverse cities in America are the most profitable.

1131
01:00:21,640 --> 01:00:24,040
Speaker 3: Not even center the GDP, the economic activity for this

1132
01:00:24,160 --> 01:00:29,200
Speaker 3: country are in cities. I mean, what I love about

1133
01:00:29,280 --> 01:00:34,280
Speaker 3: this is it's just math. This country can't survive without

1134
01:00:34,320 --> 01:00:37,360
Speaker 3: black people. That's really what I'm telling you.

1135
01:00:37,600 --> 01:00:39,920
Speaker 2: That's what it all boils down. It can't see this

1136
01:00:40,080 --> 01:00:44,520
Speaker 2: is all God, this country cannot. I want every.

1137
01:00:44,560 --> 01:00:50,160
Speaker 3: White, college educated, successful white man to be hugely successful

1138
01:00:50,200 --> 01:00:52,960
Speaker 3: because my success is tied to his in a free economy.

1139
01:00:53,200 --> 01:00:57,360
Speaker 2: There's not enough of them. There's not enough college educated

1140
01:00:57,400 --> 01:00:59,440
Speaker 2: white man to drive GDP Gross.

1141
01:00:59,320 --> 01:01:01,400
Speaker 3: Domestic Product, the income of the country for the next

1142
01:01:01,400 --> 01:01:03,840
Speaker 3: twenty years. If we don't include other people in this

1143
01:01:04,680 --> 01:01:06,640
Speaker 3: within twenty years, we'll always speaking Mandarin.

1144
01:01:06,680 --> 01:01:10,080
Speaker 2: You know what Mandarin is? Yeah, I need Chinese.

1145
01:01:11,320 --> 01:01:13,560
Speaker 3: Now, I'm gonna give you a drop the mic that's

1146
01:01:13,560 --> 01:01:17,480
Speaker 3: going spin your head. Now, let's say you let's stay

1147
01:01:17,520 --> 01:01:20,680
Speaker 3: up until now. You like this all sound good, But John,

1148
01:01:20,720 --> 01:01:26,080
Speaker 3: don't have me yet Okay, check this out. In the

1149
01:01:26,160 --> 01:01:29,280
Speaker 3: next ten years, there's gonna be a wealth transfer of

1150
01:01:29,480 --> 01:01:32,040
Speaker 3: eighty eight to one hundred trillion dollars.

1151
01:01:35,960 --> 01:01:36,480
Speaker 2: Every day.

1152
01:01:38,600 --> 01:01:43,480
Speaker 3: Ten thousand baby boomers read white, wealthy, sixty five years

1153
01:01:43,520 --> 01:01:46,600
Speaker 3: of age, looking to go play golf, retire, and leave

1154
01:01:46,640 --> 01:01:47,200
Speaker 3: the economy.

1155
01:01:47,240 --> 01:01:49,400
Speaker 2: Every day. I'm gonna say this one more time.

1156
01:01:50,600 --> 01:01:56,320
Speaker 3: Not every month, not every week, every day, every day,

1157
01:01:57,400 --> 01:02:03,520
Speaker 3: ten thousand baby boomers eve the US economy. There's more

1158
01:02:03,600 --> 01:02:06,920
Speaker 3: people over sixty five than underage eighteen. It's never happened before.

1159
01:02:08,120 --> 01:02:12,360
Speaker 3: By twenty thirty four, they'll all be gone. The money's

1160
01:02:12,360 --> 01:02:14,320
Speaker 3: getting transferred, by the way that eighty eight to one

1161
01:02:14,360 --> 01:02:25,040
Speaker 3: hundred trillion to wives, husbands, children's nieces, nephews, at stocks, bonds, homes, cash, whatever.

1162
01:02:25,080 --> 01:02:28,840
Speaker 3: If I missed something. Businesses now nobody wants the businesses.

1163
01:02:30,160 --> 01:02:34,120
Speaker 3: It's too much damn work. Please hear me, Black people,

1164
01:02:34,440 --> 01:02:35,480
Speaker 3: brown people, please hear me.

1165
01:02:36,040 --> 01:02:42,640
Speaker 2: There's nothing wrong with these businesses. These are seven figure

1166
01:02:43,160 --> 01:02:45,800
Speaker 2: Dennis office, seven figure lumber office.

1167
01:02:45,840 --> 01:02:49,880
Speaker 1: Help me out here with some we can laund we

1168
01:02:49,960 --> 01:02:50,960
Speaker 1: can bind gas.

1169
01:02:50,840 --> 01:02:55,800
Speaker 2: Station, car washes, nail salons. Help me out here.

1170
01:02:55,920 --> 01:03:00,000
Speaker 3: Think about what in your neighborhood. Think about it, medical office.

1171
01:03:00,760 --> 01:03:01,640
Speaker 3: These are all businesses.

1172
01:03:01,720 --> 01:03:04,360
Speaker 2: People. You know, no one's no one's cut your hair

1173
01:03:04,400 --> 01:03:06,840
Speaker 2: for free. They like you.

1174
01:03:06,840 --> 01:03:10,240
Speaker 3: Your buddy likes you, but he wants to be paid.

1175
01:03:10,360 --> 01:03:14,680
Speaker 2: That's a capitalist, I said earlier. People, I'm not a capitalist.

1176
01:03:14,880 --> 01:03:18,520
Speaker 2: You're not going to work for free. If you're going

1177
01:03:18,520 --> 01:03:18,920
Speaker 2: to work.

1178
01:03:18,760 --> 01:03:21,640
Speaker 3: And somebody giving you a paycheck, you're using your human

1179
01:03:21,800 --> 01:03:25,720
Speaker 3: capital and you're exchanging it for a financial capital.

1180
01:03:26,280 --> 01:03:30,080
Speaker 2: You already engaging in help me out here. If you're

1181
01:03:30,120 --> 01:03:33,560
Speaker 2: paying a card note, you're engaging in capital. You're paying rent.

1182
01:03:33,800 --> 01:03:35,200
Speaker 1: Are you buying the house capital?

1183
01:03:35,640 --> 01:03:38,320
Speaker 2: We knocking off? If we live with somebody, that's socialism.

1184
01:03:38,480 --> 01:03:46,440
Speaker 2: Especially if you're with somebody. Got to make two sounds

1185
01:03:46,760 --> 01:03:49,720
Speaker 2: and you not on the You don't get no.

1186
01:03:50,720 --> 01:03:52,040
Speaker 6: Did you lie to say you're gonna give me some money?

1187
01:03:52,080 --> 01:03:54,960
Speaker 6: So that's plenty for reason. Thank you for getting me

1188
01:03:55,000 --> 01:03:59,000
Speaker 6: on my off my store box. If we just buy,

1189
01:03:59,640 --> 01:04:03,439
Speaker 6: I said, fifteen trillion. Businesses which are have real estate,

1190
01:04:04,480 --> 01:04:08,120
Speaker 6: have client lists, have brand names in they see, let's stop,

1191
01:04:08,200 --> 01:04:10,400
Speaker 6: let's knock it off. Of going to New York in LA,

1192
01:04:10,560 --> 01:04:14,480
Speaker 6: the money's already made, go to Columbus, Georgia. Go to

1193
01:04:14,600 --> 01:04:17,680
Speaker 6: these second tier cities where there's no competition for bringing

1194
01:04:17,720 --> 01:04:20,240
Speaker 6: people like you and go buy The tennis office has

1195
01:04:20,240 --> 01:04:23,920
Speaker 6: got three locations on there are four barbershops and four you.

1196
01:04:24,000 --> 01:04:26,160
Speaker 3: Know it, hair ain't going out of style. Go find it,

1197
01:04:26,240 --> 01:04:29,800
Speaker 3: Go buy the three hair business. The three here we businesses.

1198
01:04:30,640 --> 01:04:34,919
Speaker 3: The guys trying to retire, get half of the half

1199
01:04:34,960 --> 01:04:37,600
Speaker 3: of the purchase prices bank finance. Because it's a cash

1200
01:04:37,640 --> 01:04:41,200
Speaker 3: flow from the business. They'll do sell it for nancing,

1201
01:04:41,480 --> 01:04:43,960
Speaker 3: probably forty percent of that and you raised ten percent

1202
01:04:44,000 --> 01:04:44,200
Speaker 3: of it.

1203
01:04:44,600 --> 01:04:46,520
Speaker 2: And it's called go fund of me friends around.

1204
01:04:46,720 --> 01:04:48,680
Speaker 3: But if you buy a million dollar business with cash

1205
01:04:48,680 --> 01:04:50,840
Speaker 3: flow in real estate, it's easy to find investors.

1206
01:04:51,040 --> 01:04:52,840
Speaker 1: Business dot com, the good wells.

1207
01:04:53,320 --> 01:04:55,480
Speaker 3: No, well, dude, I'll go to go find a business broker,

1208
01:04:56,160 --> 01:04:58,560
Speaker 3: a business broker in the town that you want to

1209
01:04:58,560 --> 01:05:00,480
Speaker 3: buy a business, and they'll tell you and they'll help

1210
01:05:00,480 --> 01:05:01,080
Speaker 3: you analyze it.

1211
01:05:01,200 --> 01:05:02,760
Speaker 2: But my point that one did we just buy a

1212
01:05:02,880 --> 01:05:03,680
Speaker 2: trillion dollars of.

1213
01:05:03,680 --> 01:05:06,480
Speaker 3: That man, I said, fifteen tree just by a less

1214
01:05:06,480 --> 01:05:08,520
Speaker 3: than ten percent over the next ten years.

1215
01:05:08,880 --> 01:05:10,160
Speaker 2: Our network of black.

1216
01:05:09,960 --> 01:05:12,800
Speaker 3: People, it's scheduled to be zero by twenty fifty three.

1217
01:05:12,880 --> 01:05:15,440
Speaker 3: If we do nothing, yes, if we do nothing, but

1218
01:05:15,640 --> 01:05:19,680
Speaker 3: chill what we're doing right now. Our network is scheduled

1219
01:05:20,000 --> 01:05:25,200
Speaker 3: to be as a race of people nothing Z twenty

1220
01:05:25,240 --> 01:05:29,040
Speaker 3: fifty three zero. We own this and it's getting worse.

1221
01:05:29,360 --> 01:05:31,920
Speaker 3: We have the lowest credit score in America. I'm just

1222
01:05:32,000 --> 01:05:33,959
Speaker 3: talking to real talk. We have a forty four percent

1223
01:05:34,000 --> 01:05:37,240
Speaker 3: home ownership rate. Most of our businesses don't have an employee.

1224
01:05:38,000 --> 01:05:41,480
Speaker 3: We don't own stocks, we don't own bonds. We talk

1225
01:05:41,560 --> 01:05:43,479
Speaker 3: down capitalists, yes, sir.

1226
01:05:43,400 --> 01:05:46,240
Speaker 4: So from from this point, from knowing all those facts,

1227
01:05:47,040 --> 01:05:49,320
Speaker 4: how do we get Say, for example, we've got a

1228
01:05:49,320 --> 01:05:50,120
Speaker 4: community said, all.

1229
01:05:50,120 --> 01:05:53,160
Speaker 1: Right, Jake, I hate you. We fucked up back then,

1230
01:05:53,240 --> 01:05:55,280
Speaker 1: and we want to learn after story. We want to

1231
01:05:55,480 --> 01:05:58,480
Speaker 1: learn our shit. We learn in this condition, how do

1232
01:05:58,560 --> 01:05:59,680
Speaker 1: we grow in the next ten years?

1233
01:06:01,280 --> 01:06:03,480
Speaker 2: In the book A Business Player for Black America.

1234
01:06:03,200 --> 01:06:11,040
Speaker 1: Goddamn we got book, I wrote waiting.

1235
01:06:10,800 --> 01:06:14,440
Speaker 3: For somebody to talk shit to me about John. You

1236
01:06:14,520 --> 01:06:16,880
Speaker 3: know you keep talking about the sith. Where's the solution?

1237
01:06:16,960 --> 01:06:18,720
Speaker 2: I wrote the damn solution. I wrote it.

1238
01:06:18,920 --> 01:06:20,840
Speaker 3: I wrote it for black people. I wrote one for women,

1239
01:06:21,040 --> 01:06:23,440
Speaker 3: and I wrote for white people. I wrote on for

1240
01:06:23,520 --> 01:06:26,400
Speaker 3: real people, rolling for Asians, I got every group. I

1241
01:06:26,480 --> 01:06:28,160
Speaker 3: wrote Native American Indians, Africans.

1242
01:06:28,400 --> 01:06:31,040
Speaker 5: Now he's before you go, I want to ask you this.

1243
01:06:31,200 --> 01:06:32,880
Speaker 5: Who financed the civil rights movie?

1244
01:06:33,680 --> 01:06:36,439
Speaker 2: Uh? It was it's a great that's a great question.

1245
01:06:36,480 --> 01:06:39,080
Speaker 3: The civil Okay, the Civilizs move was financed in part

1246
01:06:39,160 --> 01:06:44,520
Speaker 3: by Jews, black black businesses, uh like H. J. Russell

1247
01:06:44,600 --> 01:06:47,360
Speaker 3: and others. But people don't know that the Jewish residents

1248
01:06:47,400 --> 01:06:50,720
Speaker 3: have actually helped with the civil rights. With s c

1249
01:06:50,920 --> 01:06:53,760
Speaker 3: l I'm sorry. The s c l C was actually

1250
01:06:54,600 --> 01:06:56,680
Speaker 3: not a legal nonprofit. It was actually run out of

1251
01:06:56,720 --> 01:06:59,760
Speaker 3: a legal office in New York. Who was it was

1252
01:06:59,760 --> 01:07:03,360
Speaker 3: a was a lawyer there who quietly funded doctor King's movement.

1253
01:07:03,680 --> 01:07:06,000
Speaker 1: Uh. And that's that's got allies now, I don't get

1254
01:07:06,040 --> 01:07:06,320
Speaker 1: it wrong.

1255
01:07:06,360 --> 01:07:08,720
Speaker 3: We got allied, many of which were treating pretty badly.

1256
01:07:08,800 --> 01:07:10,960
Speaker 3: But there's whole other story. Folks love you seeing us

1257
01:07:11,040 --> 01:07:14,600
Speaker 3: argue with each other. And I mean, if look don't

1258
01:07:14,640 --> 01:07:16,480
Speaker 3: get me, don't get me this. Let me say, say,

1259
01:07:16,520 --> 01:07:19,320
Speaker 3: focus on the question that you put in front of me.

1260
01:07:19,440 --> 01:07:19,960
Speaker 2: What do we do?

1261
01:07:20,240 --> 01:07:21,000
Speaker 1: How do we get up?

1262
01:07:21,000 --> 01:07:22,520
Speaker 3: Okay, let me try and make this real. I'm gonna

1263
01:07:22,520 --> 01:07:24,880
Speaker 3: take this and make this real. Play please hear me.

1264
01:07:26,960 --> 01:07:30,760
Speaker 3: Get our credit card up seventy points from six twenty

1265
01:07:31,720 --> 01:07:33,520
Speaker 3: seven hundred to seven hundred third, So.

1266
01:07:33,520 --> 01:07:34,280
Speaker 2: I guess I do it.

1267
01:07:34,400 --> 01:07:35,840
Speaker 1: I don't back account.

1268
01:07:36,200 --> 01:07:36,440
Speaker 2: That don't.

1269
01:07:37,840 --> 01:07:40,160
Speaker 3: So you come to Operation Hope if somebody would toe

1270
01:07:40,240 --> 01:07:42,280
Speaker 3: up credit card credit doesn't check the credit that's what

1271
01:07:42,400 --> 01:07:44,520
Speaker 3: I know. You come to Operation Hope, which our services

1272
01:07:44,560 --> 01:07:46,120
Speaker 3: are free because I raised one hundred million dollars a

1273
01:07:46,200 --> 01:07:47,880
Speaker 3: year so that you don't have to pay.

1274
01:07:47,760 --> 01:07:48,360
Speaker 2: For our service.

1275
01:07:48,440 --> 01:07:51,240
Speaker 3: Have officd in forty two states, at forty employees. You come,

1276
01:07:51,440 --> 01:07:54,640
Speaker 3: we say what's what's that on your credit for? You said,

1277
01:07:54,680 --> 01:07:58,000
Speaker 3: I don't know. Great, that's called an error. So we say,

1278
01:07:58,080 --> 01:07:59,640
Speaker 3: this is financial literacy, which I think is the civil

1279
01:07:59,680 --> 01:08:02,480
Speaker 3: rights issues this generation. We're gonna write you and me.

1280
01:08:02,480 --> 01:08:04,479
Speaker 3: We're gonna write a letter of the credit bureaus. People

1281
01:08:04,520 --> 01:08:08,520
Speaker 3: think that the TransUnion, Equifax, and Experience, the credit bureaus

1282
01:08:08,560 --> 01:08:12,800
Speaker 3: are the devil. No, they're repositories their data. They're passive

1283
01:08:13,520 --> 01:08:17,320
Speaker 3: data repositories, which is a nast fancy way of saying,

1284
01:08:17,920 --> 01:08:23,040
Speaker 3: is lazy money that sits there with a database and

1285
01:08:23,120 --> 01:08:26,040
Speaker 3: they get paid by people accessing the database. It's really

1286
01:08:26,080 --> 01:08:27,960
Speaker 3: a brilliant business. It's like it's like it's like a

1287
01:08:28,040 --> 01:08:33,920
Speaker 3: storage unit for data. Now they're not they're not responsible

1288
01:08:34,800 --> 01:08:36,559
Speaker 3: for what's in the storage union.

1289
01:08:36,760 --> 01:08:37,479
Speaker 2: They just holding it.

1290
01:08:38,400 --> 01:08:42,680
Speaker 3: You're responsible for making sure that your shit, excuse me,

1291
01:08:42,760 --> 01:08:46,640
Speaker 3: your stuff in the storage union is properly accounted for it.

1292
01:08:46,880 --> 01:08:49,120
Speaker 3: But what's what poor people don't do? They don't check.

1293
01:08:50,520 --> 01:08:53,120
Speaker 3: So the first thing we do is we write a

1294
01:08:53,240 --> 01:08:56,639
Speaker 3: letter and we say this is not his. The law

1295
01:08:56,720 --> 01:08:59,479
Speaker 3: states if they cannot confirm that's yours within thirty days,

1296
01:08:59,520 --> 01:09:00,400
Speaker 3: they must remember it.

1297
01:09:00,439 --> 01:09:03,840
Speaker 1: Though, and now I need to write a little that

1298
01:09:04,800 --> 01:09:06,360
Speaker 1: ain't my sprint. I don't know who had that.

1299
01:09:08,439 --> 01:09:12,360
Speaker 3: Well that' stood for thirty or forty. Operation operation does that.

1300
01:09:13,680 --> 01:09:15,640
Speaker 3: So now now you now let's say you were at

1301
01:09:15,720 --> 01:09:18,760
Speaker 3: six twenty. So now you got pop thirty points, you're

1302
01:09:18,800 --> 01:09:23,760
Speaker 3: at six fifty. What happens to your self esteeming good points?

1303
01:09:25,800 --> 01:09:33,439
Speaker 2: Point? You're like, I'm in the game. So then we say, okay,

1304
01:09:33,520 --> 01:09:35,040
Speaker 2: what's that other thing? Oh, you know, I got it.

1305
01:09:35,080 --> 01:09:37,400
Speaker 3: I got a divorce and it was ten years ago

1306
01:09:37,520 --> 01:09:39,479
Speaker 3: and they've got ran the thrombill up and I don't

1307
01:09:39,520 --> 01:09:40,960
Speaker 3: have a thousand dollars letter.

1308
01:09:41,400 --> 01:09:43,200
Speaker 2: No, no, you got to call them. And then that's

1309
01:09:43,320 --> 01:09:43,920
Speaker 2: for a settlement.

1310
01:09:44,240 --> 01:09:48,400
Speaker 3: Hold on, you're both fighting, but hold on slow and

1311
01:09:48,479 --> 01:09:51,880
Speaker 3: slow it down. So we say, look, slow down. That

1312
01:09:52,160 --> 01:09:54,759
Speaker 3: was packed bell, pack bell.

1313
01:09:54,800 --> 01:09:57,439
Speaker 2: So the SBC, SBC, SO, the.

1314
01:09:57,520 --> 01:09:59,800
Speaker 3: A, T and T so, oh yeah, sh all of

1315
01:09:59,840 --> 01:10:02,400
Speaker 3: them and chasing you and calling you answered no, damn

1316
01:10:02,400 --> 01:10:05,720
Speaker 3: one eight hundred number and ten years they sold it.

1317
01:10:05,760 --> 01:10:08,360
Speaker 3: They got tired of chasing you. They sold it Joe's

1318
01:10:08,439 --> 01:10:11,240
Speaker 3: Finance Company. How do I know it's in the notes?

1319
01:10:12,520 --> 01:10:16,760
Speaker 3: Let's call Joe's Finance company. Your your your, and my

1320
01:10:16,840 --> 01:10:18,720
Speaker 3: sister says, I don't have. I told you don't have

1321
01:10:18,760 --> 01:10:21,160
Speaker 3: a thousand dollars. We said, look, shut up, I didn't

1322
01:10:21,160 --> 01:10:22,160
Speaker 3: ask you for a thousand dollars.

1323
01:10:23,640 --> 01:10:24,400
Speaker 2: Shut up and listen.

1324
01:10:24,800 --> 01:10:27,760
Speaker 3: Let's call because I know that they didn't spend one

1325
01:10:27,760 --> 01:10:30,000
Speaker 3: thousand dollars for it. They've been chasing you for ten years.

1326
01:10:30,000 --> 01:10:33,400
Speaker 3: It's called bad debt. It spent five cents on the dollar.

1327
01:10:34,640 --> 01:10:38,559
Speaker 3: They bought it for fifty bucks. Joe, Joe wants a hundred,

1328
01:10:38,880 --> 01:10:42,680
Speaker 3: wants the double's money. Let's call, and Joe says, I

1329
01:10:42,800 --> 01:10:44,519
Speaker 3: got joe An here with me. We're looking for Joe An.

1330
01:10:44,600 --> 01:10:46,880
Speaker 2: She's looking for you. We want to pay you off.

1331
01:10:46,920 --> 01:10:49,120
Speaker 3: We want one hundred dollars. First of all, lorder broth.

1332
01:10:52,840 --> 01:10:56,639
Speaker 3: How about we give you two hundred dollars. Huh, First

1333
01:10:56,640 --> 01:10:59,360
Speaker 3: of all, changing the whole psychology all the time. Why

1334
01:10:59,400 --> 01:11:02,800
Speaker 3: would you amy double? Because if I pay you double

1335
01:11:02,920 --> 01:11:05,200
Speaker 3: and I want your name of your supervisor, I want

1336
01:11:05,200 --> 01:11:06,439
Speaker 3: to talk to them and tell them what's a good

1337
01:11:06,520 --> 01:11:08,840
Speaker 3: job you did, even though you'd raise your voice of me,

1338
01:11:08,920 --> 01:11:10,200
Speaker 3: but tell what a good job you did.

1339
01:11:10,479 --> 01:11:12,760
Speaker 2: And I want his or her phone number so I

1340
01:11:12,800 --> 01:11:13,599
Speaker 2: can reach them later.

1341
01:11:13,640 --> 01:11:15,760
Speaker 3: And I want in writing it to show them when

1342
01:11:15,800 --> 01:11:17,240
Speaker 3: you did a good job. And I'm gonna give you double.

1343
01:11:17,320 --> 01:11:20,160
Speaker 3: The prophet that if and when this shows back up

1344
01:11:20,240 --> 01:11:24,200
Speaker 3: on her credit report, you're gonna remove it until it.

1345
01:11:24,320 --> 01:11:26,599
Speaker 2: Stops showing up. Can I get that agreement? Yes?

1346
01:11:26,840 --> 01:11:30,160
Speaker 3: Great, she got an eighty percent discount, you got a

1347
01:11:30,680 --> 01:11:31,639
Speaker 3: two hundred percent profit.

1348
01:11:31,760 --> 01:11:33,840
Speaker 1: Go back to what we said early in the beginning negotiation.

1349
01:11:34,439 --> 01:11:35,400
Speaker 2: Change is no robbery.

1350
01:11:36,320 --> 01:11:41,960
Speaker 3: Everybody leads slightly annoyed. Everybody want now you get you

1351
01:11:42,080 --> 01:11:44,000
Speaker 3: solve a charge off that's forty points.

1352
01:11:44,720 --> 01:11:47,640
Speaker 2: So where are you at now? Ninety? Now you write it,

1353
01:11:47,880 --> 01:11:48,840
Speaker 2: you're writing me a promise.

1354
01:11:49,479 --> 01:11:51,559
Speaker 3: Now we look at you, we look at your budget, said,

1355
01:11:51,560 --> 01:11:53,160
Speaker 3: why don't don't make a lot of money. I may

1356
01:11:53,160 --> 01:11:54,880
Speaker 3: asked you that you've been thirty eight, you make thirty

1357
01:11:54,920 --> 01:11:56,960
Speaker 3: eight thousand dollars a year, you got three children?

1358
01:11:57,479 --> 01:11:59,760
Speaker 2: Okay, you ever heard of ei TC? What's that?

1359
01:12:00,040 --> 01:12:05,600
Speaker 3: Congratulations? Earn income tax credit? If you make thirty eight

1360
01:12:05,640 --> 01:12:07,679
Speaker 3: thousand dollars a year, you got three kids. The governor

1361
01:12:07,680 --> 01:12:10,400
Speaker 3: ow you a check for seventy five hundred dollars as

1362
01:12:10,439 --> 01:12:12,479
Speaker 3: a it's a reward for it's a bonus for working.

1363
01:12:12,800 --> 01:12:15,760
Speaker 2: And if you never filed, it's retroactive for three years,

1364
01:12:16,800 --> 01:12:18,639
Speaker 2: which you mean you get back. You can go back

1365
01:12:18,680 --> 01:12:19,720
Speaker 2: three years to file it.

1366
01:12:19,800 --> 01:12:20,639
Speaker 1: Good gun you get.

1367
01:12:20,680 --> 01:12:23,160
Speaker 3: So whatever you are qualify for, you get three years

1368
01:12:23,200 --> 01:12:25,360
Speaker 3: of it if you never filed. And one of the

1369
01:12:25,400 --> 01:12:28,600
Speaker 3: four Americans who qualify for EIT scene never asked for it.

1370
01:12:29,400 --> 01:12:32,840
Speaker 3: Read black people, it's about twenty billion dollars a year.

1371
01:12:33,000 --> 01:12:34,679
Speaker 2: We leave on the table, yep.

1372
01:12:35,240 --> 01:12:37,880
Speaker 3: So we help you file for that. We then say

1373
01:12:38,240 --> 01:12:39,680
Speaker 3: tell me what you do every week? Well, I go

1374
01:12:39,720 --> 01:12:42,360
Speaker 3: to Starbucks twice a week. No, no, no, We're gonna

1375
01:12:42,360 --> 01:12:45,400
Speaker 3: get you a current machine, because that's three thousand dollars

1376
01:12:45,400 --> 01:12:49,000
Speaker 3: a year exactly. I'm smoking cigarettes. Well, that's another three

1377
01:12:49,040 --> 01:12:51,960
Speaker 3: thousand dollars a year. That's six thousand dollars. That's shit.

1378
01:12:52,000 --> 01:12:54,760
Speaker 2: That's sorry, excuse me a cursive, that's almos. Now you

1379
01:12:54,840 --> 01:12:55,679
Speaker 2: got mad on that onek.

1380
01:12:56,240 --> 01:12:59,559
Speaker 3: That's fifteen percent percent of your income. Yeah, the boss

1381
01:12:59,560 --> 01:13:00,640
Speaker 3: says it. It's gonna kill you.

1382
01:13:01,439 --> 01:13:04,640
Speaker 2: The boss says that, I'm just sick and tired of

1383
01:13:04,680 --> 01:13:05,800
Speaker 2: being sick and tired. I'm sorry.

1384
01:13:06,520 --> 01:13:09,439
Speaker 3: And so we if we just stopped that, I'm just

1385
01:13:09,439 --> 01:13:11,080
Speaker 3: gonna say, it's a French work. We just stopped the

1386
01:13:11,120 --> 01:13:16,280
Speaker 3: stupid shit and just get right. We just need to

1387
01:13:16,360 --> 01:13:19,240
Speaker 3: do the basic shit. But we're just not doing the

1388
01:13:19,439 --> 01:13:22,400
Speaker 3: basic shit. So you get your credit score to seven hundred.

1389
01:13:22,720 --> 01:13:25,080
Speaker 3: That's seven hundred and fifty billion dollars of net worth

1390
01:13:25,120 --> 01:13:27,640
Speaker 3: in ten years. I'm answering your question. We can do

1391
01:13:27,760 --> 01:13:31,200
Speaker 3: that ourselves. Now you take the seventh fifty credit score.

1392
01:13:31,280 --> 01:13:32,760
Speaker 3: So you take the seven hundred credit score.

1393
01:13:33,040 --> 01:13:35,240
Speaker 2: You can go to the bank. The bank don't make money.

1394
01:13:35,280 --> 01:13:36,120
Speaker 2: Let's and make a loan.

1395
01:13:37,200 --> 01:13:39,880
Speaker 3: If you Oh, the bank won making me a loan.

1396
01:13:40,000 --> 01:13:41,599
Speaker 3: Not if you're a fire and a credit score. I'm

1397
01:13:41,640 --> 01:13:43,360
Speaker 3: not making you a loan at five hundred. It's a

1398
01:13:43,400 --> 01:13:46,080
Speaker 3: bad credits. So you go there and now you make

1399
01:13:46,120 --> 01:13:48,599
Speaker 3: a get a loan and become a homeowner. That's worth

1400
01:13:48,720 --> 01:13:52,320
Speaker 3: eight hundred billion dollars to go from forty four percent

1401
01:13:52,360 --> 01:13:54,800
Speaker 3: ownership to sixty two percent home ownership for black people.

1402
01:13:54,920 --> 01:13:57,120
Speaker 3: Seventy five percent is when white people have of home ownership.

1403
01:13:57,600 --> 01:14:00,280
Speaker 3: And the whole tax policy is around home ownership. You

1404
01:14:00,360 --> 01:14:02,560
Speaker 3: write off every mortgage, every mortgage payment, you get it

1405
01:14:02,640 --> 01:14:05,160
Speaker 3: back in the tax refund. You write off your reached

1406
01:14:05,200 --> 01:14:09,040
Speaker 3: the appreciations free. We was just talking about it, totally free.

1407
01:14:10,640 --> 01:14:12,960
Speaker 1: Theyld somebody got a seven hundred and fifty credit score,

1408
01:14:13,000 --> 01:14:15,360
Speaker 1: but the income only like forty thousand a year. What

1409
01:14:15,439 --> 01:14:16,800
Speaker 1: type of loan are they evening?

1410
01:14:17,000 --> 01:14:19,400
Speaker 3: So first of all, if you go and buying Columbus, Georgia,

1411
01:14:19,439 --> 01:14:22,200
Speaker 3: go buying a modest city for one hundred thousand dollars house,

1412
01:14:22,200 --> 01:14:24,759
Speaker 3: you can you can qualify with the forty thousand income

1413
01:14:24,920 --> 01:14:28,200
Speaker 3: to buy are many mansion when you when you're supposed

1414
01:14:28,240 --> 01:14:29,240
Speaker 3: to work, I mean, it's ridiculous.

1415
01:14:29,240 --> 01:14:29,960
Speaker 1: In the wrong area.

1416
01:14:30,360 --> 01:14:32,639
Speaker 2: You're in the wrong area. Go where the puckets going?

1417
01:14:32,760 --> 01:14:33,160
Speaker 2: Go where it.

1418
01:14:33,400 --> 01:14:36,920
Speaker 3: When I moved to Atlanta in two thousand and nine,

1419
01:14:38,080 --> 01:14:41,520
Speaker 3: they were not smartphones. I had I had a smartphone,

1420
01:14:41,680 --> 01:14:43,280
Speaker 3: and I was texting. Most people were not texting in

1421
01:14:43,280 --> 01:14:45,920
Speaker 3: two thousand and nine. They were not sidewalks. The palm

1422
01:14:47,000 --> 01:14:50,360
Speaker 3: uh they keep black BlackBerry.

1423
01:14:50,360 --> 01:14:53,920
Speaker 2: I had apple, but I got I went.

1424
01:14:53,840 --> 01:14:56,519
Speaker 3: To the state and I and I registered a license

1425
01:14:56,560 --> 01:15:00,640
Speaker 3: plate that said entrepreneur. Now, this may not make to

1426
01:15:01,320 --> 01:15:04,320
Speaker 3: people immediately. I should not have been able to get

1427
01:15:04,360 --> 01:15:08,439
Speaker 3: a license plate in the state of Georgia that says

1428
01:15:08,640 --> 01:15:11,720
Speaker 3: entrepreneur because that plate was gone thirty years ago in

1429
01:15:11,800 --> 01:15:14,640
Speaker 3: New York and forty years ago in New York's in California,

1430
01:15:14,800 --> 01:15:19,000
Speaker 3: very entrepreneurial places. If entrepreneurship was on fire in Atlanta,

1431
01:15:19,080 --> 01:15:21,479
Speaker 3: that plate should have been gone the minute I was

1432
01:15:21,520 --> 01:15:23,040
Speaker 3: able to get that plate, I knew.

1433
01:15:23,120 --> 01:15:23,800
Speaker 1: Ain't nobody had.

1434
01:15:24,160 --> 01:15:26,559
Speaker 2: I'm in the Promised Land. I'm going to run it up.

1435
01:15:26,600 --> 01:15:27,479
Speaker 1: I'm gonna run it up.

1436
01:15:28,560 --> 01:15:30,840
Speaker 3: I got a plan nobody else has. I'm gonna And

1437
01:15:30,880 --> 01:15:33,599
Speaker 3: I went and bought seven hundred homes. Between two thousand

1438
01:15:33,720 --> 01:15:38,320
Speaker 3: and sixteen and twenty twenty one, I bought seven hundred

1439
01:15:38,400 --> 01:15:40,439
Speaker 3: homes worth one hundred and sixty million dollars. I bought

1440
01:15:40,479 --> 01:15:42,160
Speaker 3: them for eighty eight thousand dollars each. I hold him

1441
01:15:42,160 --> 01:15:44,599
Speaker 3: for three to fifty thousand dollars your theory.

1442
01:15:44,600 --> 01:15:46,320
Speaker 5: I don't think they was here when you said you

1443
01:15:46,720 --> 01:15:49,560
Speaker 5: go to by the ugliest house in a nice neighborhood.

1444
01:15:49,160 --> 01:15:52,320
Speaker 2: By the worst house and the best block hood adjacent.

1445
01:15:52,000 --> 01:15:56,160
Speaker 3: Hood, adjacent, buy it, rehabit and rented by rehabit and

1446
01:15:56,240 --> 01:15:58,360
Speaker 3: lived in it way for three or four years. Pull

1447
01:15:58,400 --> 01:16:02,240
Speaker 3: out modest equity, buy another house with a homemaker, really

1448
01:16:02,320 --> 01:16:03,920
Speaker 3: line of credit, do not sell the house and not

1449
01:16:03,960 --> 01:16:04,840
Speaker 3: growing anymore land.

1450
01:16:05,080 --> 01:16:07,160
Speaker 2: Everybody I know who sold the house regrets it.

1451
01:16:11,200 --> 01:16:15,960
Speaker 3: Everybody I know who sold that house ten years later

1452
01:16:16,120 --> 01:16:19,360
Speaker 3: like date because they look at the value now and

1453
01:16:19,479 --> 01:16:24,520
Speaker 3: it goes nothing but up. Let's come back to I'm

1454
01:16:24,520 --> 01:16:25,599
Speaker 3: gonna finish answering your question.

1455
01:16:25,680 --> 01:16:26,120
Speaker 2: So I mentioned.

1456
01:16:26,160 --> 01:16:29,599
Speaker 3: So now we are at seven hundred seve hundred billion

1457
01:16:29,680 --> 01:16:32,559
Speaker 3: for a credit score, eight hundred billion, eight fifty billion

1458
01:16:32,600 --> 01:16:34,759
Speaker 3: for home ownership. So now at one point six trillion,

1459
01:16:35,280 --> 01:16:38,679
Speaker 3: and if we buy one trillion of the businesses, that's

1460
01:16:40,040 --> 01:16:41,280
Speaker 3: two point six trillion.

1461
01:16:41,840 --> 01:16:43,559
Speaker 2: And AI, you'll be.

1462
01:16:43,560 --> 01:16:45,719
Speaker 3: Able to start a million dollar business for fifty bucks

1463
01:16:45,800 --> 01:16:48,320
Speaker 3: with artificial telligence. That's another trillion in ten years at

1464
01:16:48,360 --> 01:16:50,400
Speaker 3: three point six trillion. And I didn't mention the government

1465
01:16:50,479 --> 01:16:55,880
Speaker 3: one single time Why are we spending half of our

1466
01:16:55,960 --> 01:16:59,719
Speaker 3: time screaming at the TV set about the federal damn

1467
01:16:59,800 --> 01:17:03,200
Speaker 3: government when it's the largest reality TV show in the

1468
01:17:03,360 --> 01:17:06,439
Speaker 3: history of mankind and every day is a new episode

1469
01:17:06,680 --> 01:17:09,839
Speaker 3: and they're trying to keep you distracted from the facts.

1470
01:17:10,520 --> 01:17:13,960
Speaker 2: Every day. Clean you credit school, do what you can control.

1471
01:17:13,760 --> 01:17:16,479
Speaker 3: Take care of your kids, Volunteer in your local school,

1472
01:17:18,080 --> 01:17:19,440
Speaker 3: take care of your credit score.

1473
01:17:19,520 --> 01:17:20,080
Speaker 2: Do something.

1474
01:17:20,120 --> 01:17:22,320
Speaker 3: I mean, damn, I'm just That's why I said earlier.

1475
01:17:22,720 --> 01:17:25,599
Speaker 3: I'm just so tired of going to my comments section

1476
01:17:26,880 --> 01:17:29,519
Speaker 3: of Instagram. That's where I comment mostly, you know, I

1477
01:17:29,640 --> 01:17:32,559
Speaker 3: get every week, got like three four million views. I've

1478
01:17:32,600 --> 01:17:34,920
Speaker 3: had a billion views in the last two years, and

1479
01:17:34,960 --> 01:17:37,080
Speaker 3: I'm honored by that. But I get tired when I

1480
01:17:37,120 --> 01:17:40,160
Speaker 3: go to my comment section and some raggedy ain't done

1481
01:17:40,240 --> 01:17:43,880
Speaker 3: nothing person wants to argue with me about success. Shut

1482
01:17:44,000 --> 01:17:49,400
Speaker 3: your ass off, shut up, shut up, and listen. No,

1483
01:17:49,560 --> 01:17:50,160
Speaker 3: I'm gonna see it.

1484
01:17:50,240 --> 01:17:53,559
Speaker 1: Shut your bitch ass up, man, Shut the fuck up. Man.

1485
01:17:53,560 --> 01:17:55,960
Speaker 4: You don't know what you're coming the man about business,

1486
01:17:56,040 --> 01:17:57,679
Speaker 4: God damn credit store.

1487
01:17:57,720 --> 01:17:59,240
Speaker 3: Right when I go, when I when I'm around the

1488
01:17:59,280 --> 01:18:02,240
Speaker 3: bast young and I'm gonna talk about civil rights range

1489
01:18:02,240 --> 01:18:04,760
Speaker 3: of issues. I shut up and listen. Man, he'll talk

1490
01:18:04,800 --> 01:18:08,639
Speaker 3: for an hour. I'm just ear hustling. It's an icon.

1491
01:18:09,160 --> 01:18:09,640
Speaker 1: He's done it.

1492
01:18:09,720 --> 01:18:13,080
Speaker 2: I haven't. He's got his scars, he's got his stripes.

1493
01:18:13,600 --> 01:18:14,800
Speaker 2: I'm hustling. I'm listening.

1494
01:18:14,880 --> 01:18:18,880
Speaker 3: When Tony Westy My being their friends talking, I'm listening.

1495
01:18:20,000 --> 01:18:21,559
Speaker 3: That's the first person who told me you make money

1496
01:18:21,600 --> 01:18:25,400
Speaker 3: during the day, you build was in your sleep. That's it.

1497
01:18:25,520 --> 01:18:28,680
Speaker 3: That's one for you make money during the day. You

1498
01:18:28,840 --> 01:18:30,040
Speaker 3: only build wealth in your sleep.

1499
01:18:31,760 --> 01:18:34,719
Speaker 2: When bishr TDJ talks about faith, I shut up and listen.

1500
01:18:35,320 --> 01:18:37,160
Speaker 3: When t I was telling me about how to produce

1501
01:18:37,439 --> 01:18:40,080
Speaker 3: an album or whatever, I'm shutting up and listening.

1502
01:18:40,280 --> 01:18:40,840
Speaker 2: That's what they do.

1503
01:18:41,240 --> 01:18:42,360
Speaker 1: And I can go all and on and on.

1504
01:18:43,920 --> 01:18:46,040
Speaker 3: But when I'm talking to you about financial literacy and

1505
01:18:46,120 --> 01:18:50,200
Speaker 3: free enterprise and capitalism and business, shut the funch up

1506
01:18:50,240 --> 01:18:53,719
Speaker 3: and listen. Where are you arguing with me? You ain't

1507
01:18:53,800 --> 01:18:57,000
Speaker 3: done shit. If you had a one hundred million dollars

1508
01:18:57,040 --> 01:18:59,720
Speaker 3: credit line I have. Have you got a tuny million

1509
01:18:59,720 --> 01:19:01,800
Speaker 3: dollars on the deal that the deal you did, I

1510
01:19:01,960 --> 01:19:05,479
Speaker 3: haven't you directed five billion dollars with a capital I have?

1511
01:19:07,720 --> 01:19:10,520
Speaker 3: So if you have not done a nine figure transaction,

1512
01:19:11,680 --> 01:19:13,880
Speaker 3: or you don't have two figures two fingers in your pocket?

1513
01:19:14,479 --> 01:19:16,519
Speaker 2: Shut up? Tell me about that?

1514
01:19:16,640 --> 01:19:17,600
Speaker 1: How you how you do that?

1515
01:19:18,200 --> 01:19:20,080
Speaker 2: Would you have which when you show up to get

1516
01:19:20,240 --> 01:19:22,040
Speaker 2: just well? Start off small with the honey million.

1517
01:19:22,120 --> 01:19:23,960
Speaker 3: Now long I talk on the way here. By the way,

1518
01:19:24,000 --> 01:19:27,320
Speaker 3: I I did something stupid. I don't want to talk

1519
01:19:27,320 --> 01:19:29,400
Speaker 3: about it right now. That I made one stupid mistake.

1520
01:19:29,400 --> 01:19:30,599
Speaker 3: I can't talk about it at the moment. I will

1521
01:19:30,600 --> 01:19:32,840
Speaker 3: be talking about it soon. But I made a mistake.

1522
01:19:32,840 --> 01:19:35,040
Speaker 3: I signed something I shouldn't have sign, which make shures you.

1523
01:19:35,040 --> 01:19:37,840
Speaker 3: Everybody makes some mistakes. I signed a personal guarantee to

1524
01:19:37,920 --> 01:19:41,960
Speaker 3: something because I trusted somebody. That's now gonna gonna cost

1525
01:19:42,040 --> 01:19:45,040
Speaker 3: me one point six million dollars. But the blessing is

1526
01:19:45,560 --> 01:19:47,400
Speaker 3: that I can afford to do that without blinking.

1527
01:19:48,479 --> 01:19:51,880
Speaker 2: I will pay it. I made the mistake. I can't

1528
01:19:51,960 --> 01:19:54,599
Speaker 2: blame the white man or the system.

1529
01:19:55,160 --> 01:19:55,680
Speaker 3: No, no, no no.

1530
01:19:56,120 --> 01:19:59,120
Speaker 2: My dumb ass signed it. Got to hit of it.

1531
01:19:59,439 --> 01:20:01,080
Speaker 3: I got ahead myself. I should have sent it to

1532
01:20:01,120 --> 01:20:04,120
Speaker 3: my attorney. I sent everything else to my attorney. But

1533
01:20:04,400 --> 01:20:08,519
Speaker 3: on this particular case, I got relaxed, and I was

1534
01:20:08,520 --> 01:20:11,559
Speaker 3: feeling all warm about the whole situation.

1535
01:20:15,280 --> 01:20:15,960
Speaker 2: But it's a lesson.

1536
01:20:16,400 --> 01:20:21,160
Speaker 3: Well, in this situation, it just takes a great transaction

1537
01:20:21,280 --> 01:20:23,320
Speaker 3: and turns it into a very good transaction.

1538
01:20:23,960 --> 01:20:26,040
Speaker 2: But it's a lesson that education.

1539
01:20:26,160 --> 01:20:28,360
Speaker 3: At one point six million, which I can afford to pay,

1540
01:20:28,840 --> 01:20:31,599
Speaker 3: I will never make that mistake ever again.

1541
01:20:31,840 --> 01:20:33,880
Speaker 1: So would you learn from it? Though?

1542
01:20:34,160 --> 01:20:36,840
Speaker 2: I know, I mean, I understand it. Slow down the money,

1543
01:20:37,080 --> 01:20:37,599
Speaker 2: slow down.

1544
01:20:38,640 --> 01:20:42,960
Speaker 3: Business is never personal, So slow down if you If

1545
01:20:43,000 --> 01:20:44,920
Speaker 3: you put a solution on a problem before the problem

1546
01:20:44,960 --> 01:20:46,360
Speaker 3: is ready to have a solution, you just create a

1547
01:20:46,400 --> 01:20:56,120
Speaker 3: bigger problem. Let the game come to you. Listen, now,

1548
01:20:56,240 --> 01:20:58,800
Speaker 3: I didn't do what I just told the audience. I said,

1549
01:20:58,880 --> 01:21:02,280
Speaker 3: shut up and listen. I didn't do that. I was

1550
01:21:02,360 --> 01:21:06,400
Speaker 3: running my mouth and talking and these people were manipulating

1551
01:21:07,240 --> 01:21:11,880
Speaker 3: my good feeling about this whole situation, and I agreed

1552
01:21:11,920 --> 01:21:14,960
Speaker 3: to some shit that I shouldn't have. What I should

1553
01:21:14,960 --> 01:21:16,920
Speaker 3: have done is sent that and I was doing a

1554
01:21:16,960 --> 01:21:20,200
Speaker 3: little cheap. Probably I should have sent that to my attorney,

1555
01:21:21,240 --> 01:21:22,800
Speaker 3: but I'm like, I don't need to send this to

1556
01:21:22,840 --> 01:21:26,160
Speaker 3: my attorney. That is the that is the one time

1557
01:21:26,240 --> 01:21:28,439
Speaker 3: you make a mistake. People who hurt you are people

1558
01:21:28,479 --> 01:21:31,559
Speaker 3: who are close to you. They know you, you know them,

1559
01:21:32,320 --> 01:21:33,160
Speaker 3: They're not strangers.

1560
01:21:34,720 --> 01:21:36,240
Speaker 1: Basically, just got a consultancy.

1561
01:21:37,760 --> 01:21:41,360
Speaker 2: So so this was this was a slow moving train wreck.

1562
01:21:41,800 --> 01:21:45,599
Speaker 2: I saw it coming. The signals were all there.

1563
01:21:46,200 --> 01:21:48,600
Speaker 3: All I had to do was send it to my

1564
01:21:48,680 --> 01:21:51,360
Speaker 3: attorney and he said, John, you can't sign this this way.

1565
01:21:51,720 --> 01:21:54,840
Speaker 2: Let me restructure it for you. That had been the table.

1566
01:21:55,200 --> 01:21:59,720
Speaker 3: Everybody's leaves slightly annoy annoyed. They would have worked it out,

1567
01:22:00,800 --> 01:22:02,000
Speaker 3: but my dumb ass.

1568
01:22:02,080 --> 01:22:04,800
Speaker 2: Was like, no, I trust you. It's all good.

1569
01:22:05,000 --> 01:22:05,920
Speaker 1: The business ain't personal.

1570
01:22:08,160 --> 01:22:11,439
Speaker 2: Nobody infens business. Now, DC, this is what I was

1571
01:22:11,479 --> 01:22:11,920
Speaker 2: gonna ask you.

1572
01:22:12,320 --> 01:22:14,679
Speaker 5: You wanna go sign up at the whole academy because

1573
01:22:14,680 --> 01:22:16,160
Speaker 5: I talked to him, and I told him when I

1574
01:22:16,240 --> 01:22:18,120
Speaker 5: got off to him, I told you I was about

1575
01:22:18,160 --> 01:22:19,880
Speaker 5: to go on to it. When got off to I

1576
01:22:19,920 --> 01:22:22,080
Speaker 5: already talked to his people that I wanted to go

1577
01:22:22,240 --> 01:22:24,840
Speaker 5: through the through the whole academy.

1578
01:22:24,840 --> 01:22:28,160
Speaker 2: This whole process. Yeah. Okay, by the way, those the

1579
01:22:28,240 --> 01:22:29,439
Speaker 2: same situation I just mentioned you.

1580
01:22:30,040 --> 01:22:33,320
Speaker 3: They owe me eight million dollars, so ultimately, net net,

1581
01:22:34,160 --> 01:22:38,879
Speaker 3: even in that situation, I'll be fine, but but I'm success.

1582
01:22:39,040 --> 01:22:42,759
Speaker 1: All money is his freedom, financial freedom.

1583
01:22:43,479 --> 01:22:45,680
Speaker 2: I paid I paid a I paid a.

1584
01:22:48,360 --> 01:22:51,760
Speaker 3: Seven figure tax bill before I paid a I paid

1585
01:22:51,800 --> 01:22:54,640
Speaker 3: a Houston tax bill to the State of Georgia, and

1586
01:22:55,120 --> 01:22:59,040
Speaker 3: I think it was like nine thousand dollars before. And

1587
01:22:59,240 --> 01:23:02,360
Speaker 3: now I'll have to pay at some point, I'll have

1588
01:23:02,479 --> 01:23:06,160
Speaker 3: to pay this, this, this grad schoolage education.

1589
01:23:06,880 --> 01:23:07,000
Speaker 2: Right.

1590
01:23:07,160 --> 01:23:10,040
Speaker 3: But you know, the beautiful thing is, I'm at a

1591
01:23:10,080 --> 01:23:12,720
Speaker 3: point in my life where none of it bothers me.

1592
01:23:13,560 --> 01:23:18,439
Speaker 3: That's what you want that you just whatever it is.

1593
01:23:18,920 --> 01:23:20,479
Speaker 3: When you have the power, you don't need to use it.

1594
01:23:20,800 --> 01:23:22,880
Speaker 3: You just keep it moving, step over mess and not

1595
01:23:23,000 --> 01:23:25,160
Speaker 3: in it, and you let that be a lesson and

1596
01:23:25,280 --> 01:23:27,760
Speaker 3: you rise to the next occasion and you never have

1597
01:23:27,840 --> 01:23:30,800
Speaker 3: to repeat that lesson ever again. And when you when

1598
01:23:30,920 --> 01:23:33,320
Speaker 3: you are the right spirit and God's behind you. God

1599
01:23:33,360 --> 01:23:36,720
Speaker 3: has blessed me so much I can't be complied. I

1600
01:23:36,760 --> 01:23:39,760
Speaker 3: can't be upset about that. I mean the God to

1601
01:23:39,840 --> 01:23:41,920
Speaker 3: come from nothing in one point six don't bother me

1602
01:23:42,840 --> 01:23:46,080
Speaker 3: as a write off. Come on, I love ant taxes

1603
01:23:46,120 --> 01:23:49,120
Speaker 3: that mean I made money money don't In other words,

1604
01:23:49,120 --> 01:23:51,439
Speaker 3: we got it twisted. Don't avoid the tax man.

1605
01:23:51,800 --> 01:23:52,840
Speaker 2: He's coming for you.

1606
01:23:53,000 --> 01:23:55,840
Speaker 3: I'd rather owe my mama than the irs. They are

1607
01:23:56,000 --> 01:23:59,519
Speaker 3: coming for you and then compounding. There's nothing more gangster

1608
01:23:59,640 --> 01:24:03,080
Speaker 3: than the eye irs and that compounding interest of thirty

1609
01:24:03,160 --> 01:24:05,519
Speaker 3: or forty percent. No, no, no, no, no, just just

1610
01:24:05,880 --> 01:24:09,479
Speaker 3: that's your consider the irs your partner again to them again,

1611
01:24:09,920 --> 01:24:12,120
Speaker 3: just give them the cutting. That's your partner in business.

1612
01:24:12,240 --> 01:24:14,360
Speaker 3: And they're funding the schools. If you want to feel

1613
01:24:14,360 --> 01:24:17,840
Speaker 3: better about it, they funding the police. They funding ambulance

1614
01:24:17,880 --> 01:24:20,400
Speaker 3: service and hospitals. And if you want to feel good

1615
01:24:20,439 --> 01:24:21,920
Speaker 3: about it, think about what the government is.

1616
01:24:21,960 --> 01:24:22,960
Speaker 1: Doing to pay privaty tests.

1617
01:24:23,000 --> 01:24:26,040
Speaker 4: You're funding the police, said, when you pay property tests,

1618
01:24:26,080 --> 01:24:26,920
Speaker 4: you funding the police.

1619
01:24:27,120 --> 01:24:27,280
Speaker 2: Yea.

1620
01:24:27,360 --> 01:24:30,600
Speaker 3: All these taxes are funding the infrastructure. So it's a partnership.

1621
01:24:31,320 --> 01:24:33,080
Speaker 3: And as long as they're doing their part. By the way,

1622
01:24:33,160 --> 01:24:35,040
Speaker 3: when I when I did pay that huge tax bill,

1623
01:24:35,400 --> 01:24:38,559
Speaker 3: I wrote like thirty letters to get those potholes fixed

1624
01:24:38,960 --> 01:24:41,760
Speaker 3: from the air, from the from you got to write, oh,

1625
01:24:42,120 --> 01:24:43,719
Speaker 3: and they did it, by the way, from the freeway

1626
01:24:43,760 --> 01:24:46,760
Speaker 3: to my house. You don't fix every pothole If I'm

1627
01:24:46,800 --> 01:24:48,080
Speaker 3: paying this money now.

1628
01:24:48,000 --> 01:24:52,280
Speaker 1: It's personal pu the siment right here home on rocks.

1629
01:24:52,800 --> 01:24:58,960
Speaker 3: Nobody washes rental cars. Ownership matters. Nobody washed rental cars.

1630
01:24:59,120 --> 01:25:01,000
Speaker 3: You'd be the nicest person the planet. You rent a car,

1631
01:25:01,439 --> 01:25:05,040
Speaker 3: you drive it for two weeks. Come on, you don't

1632
01:25:05,080 --> 01:25:08,880
Speaker 3: run the car wash. You don't even feel the back up.

1633
01:25:09,920 --> 01:25:11,479
Speaker 3: You drive it to drop it to the.

1634
01:25:14,640 --> 01:25:17,120
Speaker 2: You drive down the street, you tell which which houses

1635
01:25:17,160 --> 01:25:17,679
Speaker 2: are rentals?

1636
01:25:20,520 --> 01:25:25,120
Speaker 5: Grass up to your eyeball, nail boss, cricket fence, don't close.

1637
01:25:25,439 --> 01:25:27,519
Speaker 2: I remember the first house we own one.

1638
01:25:28,880 --> 01:25:32,280
Speaker 3: One five five O two South Freeley Avenue in Compton, California.

1639
01:25:32,360 --> 01:25:33,960
Speaker 3: I think it was nine O two two one, and

1640
01:25:34,040 --> 01:25:35,680
Speaker 3: I even know that my mother owned it, But it

1641
01:25:35,760 --> 01:25:38,160
Speaker 3: was the first house we bought. Think about this. You

1642
01:25:38,200 --> 01:25:40,519
Speaker 3: can remember the address the house you own. You don't

1643
01:25:40,520 --> 01:25:41,400
Speaker 3: remember the rental address.

1644
01:25:42,439 --> 01:25:43,120
Speaker 2: It's not yours.

1645
01:25:43,960 --> 01:25:47,920
Speaker 3: We have got to become owners of our mindset, of

1646
01:25:48,040 --> 01:25:50,519
Speaker 3: our self esteem. We've got first of all, we got

1647
01:25:50,640 --> 01:25:54,439
Speaker 3: to heal. So we got to stop the bad eye

1648
01:25:54,520 --> 01:26:02,640
Speaker 3: in geez, drugging, drinking deal, you know a text thing texting, shopping.

1649
01:26:03,120 --> 01:26:03,839
Speaker 2: Not dealing.

1650
01:26:03,920 --> 01:26:06,160
Speaker 3: There's probably a bunch of other I gees, everything in

1651
01:26:06,280 --> 01:26:07,040
Speaker 3: balance is cool.

1652
01:26:07,600 --> 01:26:08,680
Speaker 1: Keep sucking on the tee.

1653
01:26:10,600 --> 01:26:11,040
Speaker 2: I'm with you.

1654
01:26:17,760 --> 01:26:29,120
Speaker 3: I go all things in balance, alcohol and balance with Lord,

1655
01:26:29,120 --> 01:26:34,240
Speaker 3: your blood pressure, drugs and balance are prescribed. I mean

1656
01:26:34,320 --> 01:26:37,760
Speaker 3: everything in balance, sleeping balance gives you rejuvenation for life.

1657
01:26:38,479 --> 01:26:41,960
Speaker 2: In balance, we but the I g we need is healing.

1658
01:26:43,400 --> 01:26:46,320
Speaker 3: Because it literally, an addiction is a response for the

1659
01:26:46,439 --> 01:26:50,120
Speaker 3: motion you can't handle. An addiction is a response to

1660
01:26:50,200 --> 01:26:50,960
Speaker 3: an emotion.

1661
01:26:51,200 --> 01:26:51,920
Speaker 2: You can't handle.

1662
01:26:52,200 --> 01:26:56,360
Speaker 3: So you're bearing yourself in some ship to avoid the

1663
01:26:56,479 --> 01:26:58,519
Speaker 3: reality of the real ship.

1664
01:26:59,479 --> 01:27:01,960
Speaker 2: And that's how they get us, because that's when you

1665
01:27:02,040 --> 01:27:02,679
Speaker 2: go back to the hood.

1666
01:27:02,760 --> 01:27:05,479
Speaker 3: You see a check cash and and the rent store,

1667
01:27:05,600 --> 01:27:07,599
Speaker 3: the paint, the lenders in the all the short term

1668
01:27:07,680 --> 01:27:10,440
Speaker 3: is liquor store, the restaurants.

1669
01:27:10,640 --> 01:27:11,360
Speaker 2: It's done with mean.

1670
01:27:11,600 --> 01:27:15,040
Speaker 3: It's instant gratification to put you to sleep.

1671
01:27:15,360 --> 01:27:16,800
Speaker 2: Now, this is what we were gonna ask you. We

1672
01:27:16,920 --> 01:27:19,439
Speaker 2: me in DC. We were talking about this like you

1673
01:27:19,560 --> 01:27:21,000
Speaker 2: s y'alln't got me worked up. I don't you have

1674
01:27:21,080 --> 01:27:21,559
Speaker 2: no coffee.

1675
01:27:21,880 --> 01:27:22,200
Speaker 1: This is what.

1676
01:27:23,840 --> 01:27:26,040
Speaker 5: You don't need that Remember we was outside talking just

1677
01:27:26,240 --> 01:27:28,679
Speaker 5: now and we talk about it often. You talk about

1678
01:27:28,720 --> 01:27:33,280
Speaker 5: the next generation of black professionals, business owners, homeowners.

1679
01:27:32,800 --> 01:27:33,400
Speaker 2: And stuff like that.

1680
01:27:33,640 --> 01:27:35,400
Speaker 5: Like we know a lot of our peers who in

1681
01:27:35,560 --> 01:27:38,519
Speaker 5: the space where they have taken the first three steps,

1682
01:27:38,520 --> 01:27:40,400
Speaker 5: they got the step of one hundred credit score and

1683
01:27:40,479 --> 01:27:42,120
Speaker 5: when they got the house and on now they got

1684
01:27:42,160 --> 01:27:44,920
Speaker 5: the property. They don't know the next step. What's the

1685
01:27:45,040 --> 01:27:47,880
Speaker 5: next step for those people who who, like I said,

1686
01:27:47,920 --> 01:27:51,120
Speaker 5: who are on step three of five or three of ten.

1687
01:27:51,320 --> 01:27:53,599
Speaker 5: So this is not a criticism, is a critique. Okay,

1688
01:27:54,840 --> 01:27:59,880
Speaker 5: we confuse busyness with business. You cannot own a business

1689
01:28:00,080 --> 01:28:04,160
Speaker 5: not understand the balance sheet. You cannot own property and

1690
01:28:04,240 --> 01:28:07,160
Speaker 5: not own and not understand what the depreciation schedule is.

1691
01:28:07,640 --> 01:28:10,440
Speaker 5: We don't want to deal with the with the details,

1692
01:28:10,520 --> 01:28:12,320
Speaker 5: and we don't want to. Oh, that's some boring.

1693
01:28:13,160 --> 01:28:15,800
Speaker 3: The reason that the recording artists and movie stars and

1694
01:28:15,960 --> 01:28:18,880
Speaker 3: actors who are right brain creative geniuses go broke is

1695
01:28:18,960 --> 01:28:20,560
Speaker 3: they said, nah, I don't want to deal with that shit. No,

1696
01:28:20,640 --> 01:28:24,320
Speaker 3: it's the music business, dope, the business of music, it's

1697
01:28:24,360 --> 01:28:29,240
Speaker 3: the entertainment business. It's the business of entertainment. You cannot

1698
01:28:29,479 --> 01:28:31,920
Speaker 3: get well into one and not understand the other. Somebody's

1699
01:28:31,920 --> 01:28:36,439
Speaker 3: gonna rob you in broad daylight because business turn person hunt.

1700
01:28:37,160 --> 01:28:39,000
Speaker 3: They're gonna separate you from your wallet because you're not

1701
01:28:39,080 --> 01:28:40,320
Speaker 3: paying attention as.

1702
01:28:41,720 --> 01:28:42,280
Speaker 2: I don't want to.

1703
01:28:43,160 --> 01:28:46,920
Speaker 3: There's a certain person in boxing right now, Yeah, we

1704
01:28:47,080 --> 01:28:51,479
Speaker 3: know who is in deep trouble and thinking it like

1705
01:28:51,560 --> 01:28:54,200
Speaker 3: he's not And look I don't care how much money

1706
01:28:54,280 --> 01:28:54,559
Speaker 3: you make.

1707
01:28:54,640 --> 01:28:55,800
Speaker 2: You can you can spend it.

1708
01:28:57,080 --> 01:28:59,559
Speaker 3: If your outflows he's your inflow, then your overhead will

1709
01:28:59,560 --> 01:29:00,479
Speaker 3: be your on the fault.

1710
01:29:00,760 --> 01:29:02,040
Speaker 2: And if you gonna wear one.

1711
01:29:01,920 --> 01:29:04,240
Speaker 3: Set of set of sneakers a day and throw them away,

1712
01:29:04,479 --> 01:29:08,760
Speaker 3: you are full. If you're gonna get a private jet

1713
01:29:08,840 --> 01:29:11,240
Speaker 3: for you and another private jet for your friends, another

1714
01:29:11,280 --> 01:29:13,360
Speaker 3: private jet for your girlfriend, you are full.

1715
01:29:13,960 --> 01:29:15,920
Speaker 2: In fact, you shouldn't be paying for a private jet.

1716
01:29:17,320 --> 01:29:18,840
Speaker 3: The private jet should be paid for it by a

1717
01:29:18,920 --> 01:29:21,920
Speaker 3: corporation with a cancelor tied to it. And that's an

1718
01:29:22,000 --> 01:29:24,880
Speaker 3: limited liability corporation and tied to a deal you have

1719
01:29:25,040 --> 01:29:26,600
Speaker 3: with whoever I heart, whoever it is.

1720
01:29:26,840 --> 01:29:29,160
Speaker 2: And you flying on a jet for free. That's how

1721
01:29:29,200 --> 01:29:31,720
Speaker 2: you fly on a jet. You don't got to own it.

1722
01:29:31,840 --> 01:29:33,640
Speaker 3: You shouldn't be. You should not be coming out of

1723
01:29:33,680 --> 01:29:36,280
Speaker 3: your cash flow. It should be it should not be

1724
01:29:36,320 --> 01:29:39,160
Speaker 3: coming out of your ten ninety nine income. Knock it off,

1725
01:29:40,160 --> 01:29:41,839
Speaker 3: stop all this blossom.

1726
01:29:42,080 --> 01:29:43,400
Speaker 1: How you get the jet on the expense?

1727
01:29:43,439 --> 01:29:47,120
Speaker 2: Again? My man is you got to know the people.

1728
01:29:47,600 --> 01:29:49,439
Speaker 5: You have to have, you a ridge friend, and then

1729
01:29:49,520 --> 01:29:51,959
Speaker 5: you buy in like ten percent, and then you advertise

1730
01:29:52,040 --> 01:29:53,760
Speaker 5: it for the free because you're the superstar and.

1731
01:29:53,840 --> 01:29:55,439
Speaker 2: Then they just you know, you split the calls and

1732
01:29:55,479 --> 01:29:57,639
Speaker 2: you don't really own it. So that's one of the answers.

1733
01:29:59,640 --> 01:30:03,280
Speaker 3: If you yachts a billionaire in the yacht it's it's

1734
01:30:03,320 --> 01:30:08,799
Speaker 3: a limited liability corporation, right, it's tied. It's probably structured

1735
01:30:08,880 --> 01:30:13,200
Speaker 3: as a remote office for their for a product company.

1736
01:30:15,479 --> 01:30:18,640
Speaker 2: They're writing it off as a business expense. You take

1737
01:30:18,720 --> 01:30:21,200
Speaker 2: clients now two times a year, you're good, and when

1738
01:30:21,200 --> 01:30:24,680
Speaker 2: they're not there, they're chartering it. That means you let

1739
01:30:24,760 --> 01:30:27,080
Speaker 2: somebody use it. Why you ain't using it? Who pay you?

1740
01:30:28,040 --> 01:30:28,080
Speaker 1: So?

1741
01:30:28,280 --> 01:30:28,439
Speaker 2: Now?

1742
01:30:29,000 --> 01:30:31,559
Speaker 3: Because we have a place in turch and Kkos, it's

1743
01:30:31,600 --> 01:30:33,240
Speaker 3: a line limited liability corporation.

1744
01:30:34,800 --> 01:30:35,360
Speaker 2: I bought it.

1745
01:30:37,160 --> 01:30:42,759
Speaker 3: Two million, it's not worth four million. The monthly mortgage

1746
01:30:42,920 --> 01:30:46,120
Speaker 3: is covered by the rental income when I'm when we're

1747
01:30:46,200 --> 01:30:49,400
Speaker 3: not there, we made agreement with I don't mention that.

1748
01:30:49,439 --> 01:30:50,960
Speaker 3: I don't want to say so much. People know where

1749
01:30:50,960 --> 01:30:53,519
Speaker 3: I live, but we may agree with the company that

1750
01:30:53,680 --> 01:30:56,240
Speaker 3: when we're not there. You read it out and they

1751
01:30:56,280 --> 01:30:59,200
Speaker 3: said you can't come. We prefer you don't come on Christmas.

1752
01:31:00,000 --> 01:31:00,800
Speaker 1: They'd be the biggest time.

1753
01:31:01,600 --> 01:31:02,559
Speaker 2: Don't come on New Year's.

1754
01:31:02,680 --> 01:31:03,320
Speaker 1: Come in June.

1755
01:31:04,760 --> 01:31:06,559
Speaker 2: We're gonna make you some money. Yeah.

1756
01:31:06,600 --> 01:31:14,400
Speaker 3: By the way, again, no FLOSSI don't come in fourth

1757
01:31:14,439 --> 01:31:17,280
Speaker 3: of July. Don't come on Thanksgiving, it's business.

1758
01:31:17,360 --> 01:31:18,559
Speaker 2: Don't come on Christmas.

1759
01:31:18,760 --> 01:31:19,599
Speaker 1: We love you, John.

1760
01:31:19,840 --> 01:31:22,519
Speaker 2: Don't come on New Year's because that's when we make

1761
01:31:22,600 --> 01:31:23,240
Speaker 2: the most money.

1762
01:31:23,960 --> 01:31:25,080
Speaker 1: We're making it for you.

1763
01:31:26,080 --> 01:31:28,560
Speaker 2: Please don't come now. We can't force you to not

1764
01:31:28,640 --> 01:31:30,760
Speaker 2: to come. It is your ship. It's your ship. But

1765
01:31:30,880 --> 01:31:31,559
Speaker 2: please don't come.

1766
01:31:31,680 --> 01:31:34,120
Speaker 1: Right So it's like cool March there.

1767
01:31:34,560 --> 01:31:37,840
Speaker 6: Well, yeah, good, December fifteenth is just as good as

1768
01:31:37,920 --> 01:31:41,800
Speaker 6: Christmas to me, and the Caribbean is fifteen is just

1769
01:31:41,840 --> 01:31:43,120
Speaker 6: as good as New Years to me.

1770
01:31:43,680 --> 01:31:47,800
Speaker 2: I got no problem staying at home. So the more

1771
01:31:47,880 --> 01:31:48,439
Speaker 2: of that story.

1772
01:31:49,240 --> 01:31:53,200
Speaker 3: The mortgage is paid, the insurance is paid, all one

1773
01:31:53,280 --> 01:31:56,400
Speaker 3: hundred percent expenses are paid. I just paid for a

1774
01:31:56,560 --> 01:31:59,560
Speaker 3: car that will sit in Turks and Caicos based on

1775
01:31:59,640 --> 01:32:04,400
Speaker 3: there is visual leftover income from the unit. I get

1776
01:32:04,479 --> 01:32:06,960
Speaker 3: it for free, and I and we go there once

1777
01:32:07,040 --> 01:32:08,680
Speaker 3: every whenever whenever you get you know, once every six

1778
01:32:08,720 --> 01:32:11,120
Speaker 3: weeks or something, and all I'm I'm not ain't paying

1779
01:32:11,120 --> 01:32:12,440
Speaker 3: for plane tickets because.

1780
01:32:12,160 --> 01:32:13,160
Speaker 2: I traveled so much.

1781
01:32:14,360 --> 01:32:17,439
Speaker 3: I got uh, you know, some crazy number of points

1782
01:32:17,800 --> 01:32:19,880
Speaker 3: on Delta, so I get first class tickets from me

1783
01:32:19,920 --> 01:32:21,719
Speaker 3: and my wife, but whole trip.

1784
01:32:22,760 --> 01:32:23,639
Speaker 2: Wealthy people are.

1785
01:32:23,640 --> 01:32:25,480
Speaker 1: Cheap people using the mind.

1786
01:32:33,880 --> 01:32:34,280
Speaker 4: I was at.

1787
01:32:34,800 --> 01:32:38,160
Speaker 3: I was at Fifth Plaza today and I pulled up,

1788
01:32:38,240 --> 01:32:40,280
Speaker 3: and I mean, the only way to say this right

1789
01:32:40,400 --> 01:32:42,040
Speaker 3: is it just doesn't sound flossy.

1790
01:32:42,760 --> 01:32:43,639
Speaker 2: But I'm making a point.

1791
01:32:43,720 --> 01:32:47,120
Speaker 3: I have my favorite car is my is a Bentley

1792
01:32:47,479 --> 01:32:51,120
Speaker 3: uh uh flying flying spur uh Limedi.

1793
01:32:51,400 --> 01:32:53,640
Speaker 2: It's a four door, but I love this car. Car

1794
01:32:53,800 --> 01:32:58,000
Speaker 2: drive and pull it up even trying to talk yourself

1795
01:32:58,040 --> 01:32:58,760
Speaker 2: out a bad one.

1796
01:32:59,360 --> 01:33:01,479
Speaker 3: You know, if you got think about it, don't buy it. No,

1797
01:33:01,640 --> 01:33:02,800
Speaker 3: I only bought it when I have to think it.

1798
01:33:02,840 --> 01:33:03,479
Speaker 3: I don't think about it.

1799
01:33:04,040 --> 01:33:05,200
Speaker 1: I was thinking about photo of two though.

1800
01:33:05,240 --> 01:33:08,599
Speaker 2: That way okay, But please before you do it, please

1801
01:33:08,640 --> 01:33:10,519
Speaker 2: talk to me. I don't buy a new one. By

1802
01:33:10,520 --> 01:33:12,360
Speaker 2: the way, do not buy a new Did I tell

1803
01:33:12,360 --> 01:33:14,920
Speaker 2: you that? I don't know.

1804
01:33:15,120 --> 01:33:15,920
Speaker 1: I don't want to say that.

1805
01:33:16,120 --> 01:33:19,200
Speaker 2: I don't buy anything. Use me, motherfucker.

1806
01:33:19,400 --> 01:33:20,519
Speaker 1: I said, on by new ship.

1807
01:33:20,760 --> 01:33:22,200
Speaker 2: Do you want to hear the story or not? Yeah?

1808
01:33:24,120 --> 01:33:26,360
Speaker 3: So I pulled up and I didn't want to go

1809
01:33:26,400 --> 01:33:29,040
Speaker 3: to the valet, but but I was only gonna be

1810
01:33:29,040 --> 01:33:30,920
Speaker 3: there for forty five minutes, but they had the whole

1811
01:33:30,960 --> 01:33:31,720
Speaker 3: thing coned off.

1812
01:33:31,840 --> 01:33:34,160
Speaker 2: It wasn't nobody there. The whole thing is coned off.

1813
01:33:34,800 --> 01:33:35,760
Speaker 2: There's no place to park.

1814
01:33:36,200 --> 01:33:38,840
Speaker 3: So I forced me to drive my ass up into

1815
01:33:38,880 --> 01:33:43,160
Speaker 3: the Valet brothers there like that's all the sign forty

1816
01:33:43,200 --> 01:33:45,439
Speaker 3: dollars for whatever.

1817
01:33:45,760 --> 01:33:46,559
Speaker 2: Valet revert.

1818
01:33:46,920 --> 01:33:50,479
Speaker 3: I said, man, you don't get. You don't get or

1819
01:33:50,520 --> 01:33:53,240
Speaker 3: stay wealthy giving away money. I don't want to give

1820
01:33:53,240 --> 01:33:55,599
Speaker 3: you forty dollars for it now. I mean, you see,

1821
01:33:55,640 --> 01:33:57,400
Speaker 3: like a nice guy, I don't want to give you

1822
01:33:57,479 --> 01:34:00,880
Speaker 3: forty dollars and clearly I can afford. And I went

1823
01:34:00,920 --> 01:34:03,400
Speaker 3: through this hole and was literally I was aggravated.

1824
01:34:05,040 --> 01:34:10,479
Speaker 2: Forty dollars is a triggering numbers. I was exceptful. Where

1825
01:34:10,479 --> 01:34:13,240
Speaker 2: you're buying pussy? I got nothing to.

1826
01:34:14,720 --> 01:34:18,639
Speaker 3: My bad, so homeboys said, Homeboys said, He said, look,

1827
01:34:18,640 --> 01:34:19,360
Speaker 3: I know who you are.

1828
01:34:19,880 --> 01:34:22,400
Speaker 2: I know who you are watching videos. You just showed me.

1829
01:34:22,560 --> 01:34:25,439
Speaker 3: You just proved to me you're real right, you know?

1830
01:34:25,680 --> 01:34:27,800
Speaker 3: He said, look, will you can you just take care

1831
01:34:27,800 --> 01:34:30,080
Speaker 3: of me? I said, look, man, I give you twenty

1832
01:34:30,320 --> 01:34:31,280
Speaker 3: just because you're a nice guy.

1833
01:34:31,560 --> 01:34:31,800
Speaker 2: Cool.

1834
01:34:32,240 --> 01:34:34,080
Speaker 3: So he parked my car at the same place where

1835
01:34:34,120 --> 01:34:38,120
Speaker 3: the forty dollars parking was I'm happy, remember back to

1836
01:34:38,200 --> 01:34:42,840
Speaker 3: the good day out. Everybody leaves slightly annoyed, and I

1837
01:34:43,800 --> 01:34:46,320
Speaker 3: you know, I went in, took my deal, and I

1838
01:34:46,400 --> 01:34:46,720
Speaker 3: came out.

1839
01:34:46,760 --> 01:34:47,439
Speaker 2: He threw me the keys.

1840
01:34:47,439 --> 01:34:49,360
Speaker 3: I gave him this twenty dollars everybody had. But I'm

1841
01:34:49,439 --> 01:34:52,120
Speaker 3: not giving you forty dollars. That's flossing. By the way,

1842
01:34:52,160 --> 01:34:54,200
Speaker 3: I don't care where you parked my car. I'm not

1843
01:34:54,280 --> 01:34:56,320
Speaker 3: giving you forty dollars. I'll drive around next.

1844
01:34:56,400 --> 01:34:59,240
Speaker 1: Bll a bra go lie bro.

1845
01:34:59,360 --> 01:35:01,479
Speaker 2: You give me the fun runny because he would have

1846
01:35:01,520 --> 01:35:03,280
Speaker 2: gave him ten Oh.

1847
01:35:03,280 --> 01:35:04,760
Speaker 1: No, I would have gave him a double. He would

1848
01:35:04,760 --> 01:35:06,880
Speaker 1: have to put me like right in the front. But

1849
01:35:07,040 --> 01:35:07,960
Speaker 1: I need to be by the door.

1850
01:35:08,000 --> 01:35:08,840
Speaker 2: But I broke people.

1851
01:35:09,040 --> 01:35:12,960
Speaker 3: I broke people will spend forty dollars for that valet.

1852
01:35:13,280 --> 01:35:16,439
Speaker 3: We'll go and spend a Louis Louis beton, a Louis Viton.

1853
01:35:16,600 --> 01:35:19,000
Speaker 2: Person. We can look look at the look at the

1854
01:35:19,120 --> 01:35:20,200
Speaker 2: lines at Louis Vuitton.

1855
01:35:20,880 --> 01:35:22,200
Speaker 1: It's US loan.

1856
01:35:22,800 --> 01:35:25,960
Speaker 3: Do you know that seventy percent of all luxury goods

1857
01:35:26,120 --> 01:35:30,960
Speaker 3: or poor people and middle class people seventy six percent,

1858
01:35:33,720 --> 01:35:38,000
Speaker 3: seventy six percent, go look at the don't trust me.

1859
01:35:38,280 --> 01:35:40,080
Speaker 3: Go to the ball next time and look, food's in

1860
01:35:40,880 --> 01:35:42,640
Speaker 3: the line. By the way, I'm not telling you not

1861
01:35:42,760 --> 01:35:45,640
Speaker 3: to buy it. I'm saying your asses cannot.

1862
01:35:45,360 --> 01:35:46,040
Speaker 1: Be on your ass.

1863
01:35:46,439 --> 01:35:47,640
Speaker 2: I'm saying it I couldn't do it.

1864
01:35:51,000 --> 01:35:51,200
Speaker 3: First.

1865
01:35:51,360 --> 01:35:51,920
Speaker 1: I'm not saying on.

1866
01:35:51,920 --> 01:35:54,400
Speaker 2: Anybody to be clear about that. I'm not saying anybody

1867
01:35:54,640 --> 01:35:55,320
Speaker 2: be motivation.

1868
01:35:55,720 --> 01:35:59,080
Speaker 3: But if I got look, i've got I like nice things, right,

1869
01:35:59,400 --> 01:36:00,800
Speaker 3: But if I have to think about it, I'm not

1870
01:36:00,880 --> 01:36:01,200
Speaker 3: buying it.

1871
01:36:02,360 --> 01:36:04,599
Speaker 2: If I gotta ask what's the payment?

1872
01:36:04,840 --> 01:36:07,080
Speaker 3: All that stuff you by the way, you never asked

1873
01:36:07,080 --> 01:36:09,000
Speaker 3: what the payment is when there's an interest rate attached,

1874
01:36:09,320 --> 01:36:10,600
Speaker 3: you asked what the interest is.

1875
01:36:11,880 --> 01:36:12,479
Speaker 2: I just saw this.

1876
01:36:12,720 --> 01:36:16,880
Speaker 3: This brother bought a hell cat. Oh just no, no,

1877
01:36:17,040 --> 01:36:18,720
Speaker 3: you're not this kind of hell cat. This was thirty

1878
01:36:18,760 --> 01:36:21,600
Speaker 3: five hundred dollars a month. No, hell no, no he

1879
01:36:21,680 --> 01:36:22,719
Speaker 3: got that mother fuck.

1880
01:36:22,680 --> 01:36:23,720
Speaker 1: No for it.

1881
01:36:25,200 --> 01:36:29,360
Speaker 3: It was like for like seventy two months. Yeah, thirty

1882
01:36:29,360 --> 01:36:32,080
Speaker 3: five hundred dollars a month. Do that math at twenty

1883
01:36:32,160 --> 01:36:32,800
Speaker 3: percent interest.

1884
01:36:34,040 --> 01:36:36,560
Speaker 1: He bought five costs. He bought him FIY should have

1885
01:36:36,600 --> 01:36:37,040
Speaker 1: been on favor.

1886
01:36:38,120 --> 01:36:39,960
Speaker 2: It was a twenty twenty three wow.

1887
01:36:40,320 --> 01:36:44,280
Speaker 3: And he was on social bragging flossing about how how

1888
01:36:44,439 --> 01:36:46,120
Speaker 3: the lady who sold it to him said, he put

1889
01:36:46,160 --> 01:36:48,880
Speaker 3: two thousand dollars down and thirty five hundred dollars a

1890
01:36:48,920 --> 01:36:51,240
Speaker 3: month by twenty credits school and she and she said,

1891
01:36:51,360 --> 01:36:53,240
Speaker 3: tell all your friends to call me so they can

1892
01:36:53,280 --> 01:36:53,880
Speaker 3: be fools too.

1893
01:36:53,960 --> 01:36:57,439
Speaker 2: She can say the foolist part. We have got this Oh.

1894
01:37:00,720 --> 01:37:12,160
Speaker 5: That shit crazy wow, keep going. And they wanted to

1895
01:37:12,240 --> 01:37:13,200
Speaker 5: down payment.

1896
01:37:12,920 --> 01:37:14,040
Speaker 2: And they went with the book up.

1897
01:37:14,120 --> 01:37:16,960
Speaker 5: When my credit got straight, they just threw the keys

1898
01:37:17,000 --> 01:37:18,680
Speaker 5: and like, yeah, you come do that ship later on.

1899
01:37:19,320 --> 01:37:21,920
Speaker 1: Let me tell you something. When I bout then when.

1900
01:37:22,560 --> 01:37:25,560
Speaker 2: Credit right, they didn't ask for nothing. It's the signature.

1901
01:37:25,600 --> 01:37:26,880
Speaker 1: But then when I knew the game for them, just

1902
01:37:26,920 --> 01:37:28,639
Speaker 1: how I know that some nigga don't understand right.

1903
01:37:28,560 --> 01:37:30,920
Speaker 2: We Proceedson has donated the operation hope.

1904
01:37:31,040 --> 01:37:33,720
Speaker 4: So but my nonprofit we hear sh in the rap

1905
01:37:33,800 --> 01:37:36,519
Speaker 4: songs and the rap lyrics and thinking like that's what

1906
01:37:36,640 --> 01:37:38,160
Speaker 4: we get our financial literacy front.

1907
01:37:38,200 --> 01:37:41,599
Speaker 1: So all that off the lot. So before I even

1908
01:37:41,640 --> 01:37:43,439
Speaker 1: bought a car or anything, I went and bought my

1909
01:37:43,520 --> 01:37:46,439
Speaker 1: mama car. Okay paid cab for it.

1910
01:37:46,920 --> 01:37:48,920
Speaker 4: Bot IM gonna say that I'm thinking I'm doing something.

1911
01:37:49,479 --> 01:37:52,280
Speaker 4: I think I did something for my credit because I

1912
01:37:52,400 --> 01:37:54,680
Speaker 4: have paid the mother like I'm thinking that all they

1913
01:37:54,760 --> 01:37:56,240
Speaker 4: care about is a nigga praying for the car.

1914
01:37:56,280 --> 01:37:58,240
Speaker 1: I wouldn't try to go get a car. You know

1915
01:37:58,280 --> 01:38:01,439
Speaker 1: what my interest well, they wanted to charge me forty

1916
01:38:01,880 --> 01:38:10,760
Speaker 1: two so my credit was fos up. Whoa, I ain't

1917
01:38:10,760 --> 01:38:13,280
Speaker 1: got nothing to new with it anything, nothing for your pressure.

1918
01:38:13,320 --> 01:38:16,120
Speaker 5: And you pay them paying forty two percent entries you

1919
01:38:16,200 --> 01:38:17,240
Speaker 5: will never even get.

1920
01:38:18,760 --> 01:38:21,000
Speaker 3: And you know, by the way, I would you were.

1921
01:38:21,080 --> 01:38:24,280
Speaker 3: I was home when I was eighteen my car got repolled.

1922
01:38:24,640 --> 01:38:26,600
Speaker 3: What that they were looking for? They never found it,

1923
01:38:26,680 --> 01:38:29,080
Speaker 3: but I was driving around they couldn't find the repot man.

1924
01:38:29,120 --> 01:38:32,720
Speaker 3: But I had a repo on a Montero jeep when

1925
01:38:32,720 --> 01:38:34,439
Speaker 3: I was eighteen years old and I had was homeless.

1926
01:38:34,520 --> 01:38:36,880
Speaker 3: I lived in that jeep and and my interest rate

1927
01:38:37,000 --> 01:38:39,439
Speaker 3: was about thirty six percent. So just so you know,

1928
01:38:39,880 --> 01:38:41,600
Speaker 3: and my credit scirl was talking the flow up it

1929
01:38:41,640 --> 01:38:44,800
Speaker 3: was it was four hundred. So I have been there.

1930
01:38:45,040 --> 01:38:47,240
Speaker 3: I've been at the bottom and I've been at the top.

1931
01:38:47,320 --> 01:38:49,000
Speaker 3: The top looks I'm just telling you, the top looks

1932
01:38:49,040 --> 01:38:52,960
Speaker 3: like hell them a lot better and uh and Rainbow's

1933
01:38:53,000 --> 01:38:54,439
Speaker 3: only follow storms if.

1934
01:38:54,360 --> 01:38:55,880
Speaker 2: I had told you not to do that. If you

1935
01:38:56,000 --> 01:38:57,519
Speaker 2: hadn't done that, and I gave you.

1936
01:38:57,560 --> 01:38:59,840
Speaker 3: Some lecture about financial literacy and you shouldn't do that,

1937
01:38:59,880 --> 01:39:00,800
Speaker 3: you would roll you off.

1938
01:39:00,880 --> 01:39:07,760
Speaker 4: I would have said, would you talking about if I

1939
01:39:07,760 --> 01:39:09,760
Speaker 4: would have knew better mother and said, now, don't do that.

1940
01:39:10,120 --> 01:39:12,720
Speaker 4: Give them half front front you feel saying, work on

1941
01:39:12,800 --> 01:39:14,720
Speaker 4: the payments for a year and a half so you

1942
01:39:14,760 --> 01:39:18,599
Speaker 4: could build your credit very good, then you would. I'm

1943
01:39:18,680 --> 01:39:20,800
Speaker 4: thinking they on the care about the money. It was

1944
01:39:20,920 --> 01:39:22,160
Speaker 4: the system and the process.

1945
01:39:22,280 --> 01:39:26,639
Speaker 3: Let's let's deal with this right now. Everybody, Money's nothing, right, yeah,

1946
01:39:26,680 --> 01:39:29,360
Speaker 3: I said it. What are we obsessed with? I want

1947
01:39:29,400 --> 01:39:31,280
Speaker 3: to get that bag. I want to get that cash.

1948
01:39:31,400 --> 01:39:33,080
Speaker 3: I want to get that dollar. I want to make

1949
01:39:33,160 --> 01:39:36,640
Speaker 3: that money. It means nothing. Money is nothing more than

1950
01:39:36,680 --> 01:39:40,680
Speaker 3: an exchange of value. I could say, tell you what,

1951
01:39:41,520 --> 01:39:43,400
Speaker 3: I'll take this. I'm gonna give you this this yetti

1952
01:39:44,000 --> 01:39:48,400
Speaker 3: thermous for that hat. And if you say, yes, we've

1953
01:39:48,479 --> 01:39:51,799
Speaker 3: just exchanged value. I could take your your your hoodie

1954
01:39:52,000 --> 01:39:54,400
Speaker 3: right in the back of it. Pay to the order

1955
01:39:55,479 --> 01:39:59,920
Speaker 3: fifty bucks, put my routing number, my account number, sign it.

1956
01:40:01,080 --> 01:40:04,240
Speaker 3: You take that hoodie off, take it to the bank branch.

1957
01:40:04,800 --> 01:40:07,360
Speaker 3: They to go back and huddle and call their lawyers

1958
01:40:07,640 --> 01:40:09,960
Speaker 3: and figure out where they're under a legal obligation to

1959
01:40:10,080 --> 01:40:14,400
Speaker 3: cash your hoodie because it's technically a check jail one.

1960
01:40:14,680 --> 01:40:17,320
Speaker 3: What I'm saying is we get obsessed with this money thing.

1961
01:40:17,360 --> 01:40:23,120
Speaker 3: It doesn't mean anything. You need wealth, stocks, bonds, homes,

1962
01:40:23,640 --> 01:40:29,759
Speaker 3: real estate, businesses, cash flow, go, go for sprecious metals.

1963
01:40:30,439 --> 01:40:32,400
Speaker 3: You need assets, and it cannot be on your ass.

1964
01:40:34,360 --> 01:40:37,080
Speaker 3: So what do we do what we have never done?

1965
01:40:37,800 --> 01:40:42,560
Speaker 3: Get a will? Get an insurance policy. You want some

1966
01:40:42,680 --> 01:40:46,120
Speaker 3: generational Well, my brother here on the cameraman, he's probably

1967
01:40:46,479 --> 01:40:50,120
Speaker 3: late twenties, early thirties. That right, insurance thirty. So you're

1968
01:40:50,160 --> 01:40:52,720
Speaker 3: in good health. I can tell you they'll give you

1969
01:40:52,800 --> 01:40:57,200
Speaker 3: a million dollar policy for seventy five one hundred bucks

1970
01:40:57,240 --> 01:41:01,400
Speaker 3: a month, a million dollar policy. You have a child, yet, yes,

1971
01:41:01,680 --> 01:41:03,880
Speaker 3: you put that. You create a will, you put your

1972
01:41:04,080 --> 01:41:07,679
Speaker 3: your child's name as a beneficiary of that million dollar policy.

1973
01:41:08,520 --> 01:41:10,400
Speaker 3: I don't know how long you gonna live. I damn

1974
01:41:10,439 --> 01:41:13,559
Speaker 3: sure know you're gonna die. It's not a mystery. So God,

1975
01:41:13,560 --> 01:41:15,360
Speaker 3: I hope you live a long time. But if you

1976
01:41:15,479 --> 01:41:19,120
Speaker 3: get if something tragedy strikes you in fifteen years, an

1977
01:41:19,120 --> 01:41:23,880
Speaker 3: accident or whatever. Your child's an instant millionaire. That's generational wealth.

1978
01:41:24,840 --> 01:41:25,720
Speaker 3: Everybody can do that.

1979
01:41:25,840 --> 01:41:26,639
Speaker 1: No more fish fry.

1980
01:41:26,800 --> 01:41:30,200
Speaker 3: Please, let's stop doing go fund means to bury somebody.

1981
01:41:30,560 --> 01:41:33,519
Speaker 3: I am tired of twenty five thousand dollars go fund

1982
01:41:33,560 --> 01:41:36,719
Speaker 3: me campaigns to bury somebody. It's meant to start a business.

1983
01:41:37,560 --> 01:41:40,960
Speaker 3: If you have a health policy, you work for some company.

1984
01:41:41,439 --> 01:41:44,519
Speaker 3: Buried in the fine print of every health policy is

1985
01:41:44,600 --> 01:41:48,560
Speaker 3: a death benefit. Yep, for twenty five thousand dollars. I

1986
01:41:48,680 --> 01:41:50,559
Speaker 3: know it because as an employer I pay it from

1987
01:41:50,600 --> 01:41:51,040
Speaker 3: the company.

1988
01:41:51,400 --> 01:41:51,599
Speaker 2: Yeah.

1989
01:41:52,000 --> 01:41:54,439
Speaker 3: So we're doing these go fund me campaigns for nothing

1990
01:41:54,920 --> 01:41:58,240
Speaker 3: if you work for any responsible company, government, whatever. In

1991
01:41:58,479 --> 01:42:02,280
Speaker 3: the in the details, all the health insurance policy in

1992
01:42:02,439 --> 01:42:05,040
Speaker 3: the fine print is a death benefit. They supposed to

1993
01:42:05,800 --> 01:42:13,040
Speaker 3: twenty five grand, which pays for all burial expenses. I'm just, man,

1994
01:42:13,120 --> 01:42:13,360
Speaker 3: I'm just.

1995
01:42:13,840 --> 01:42:18,559
Speaker 2: I mean, we're not doing the basic ship. What I missed.

1996
01:42:18,840 --> 01:42:20,479
Speaker 1: What I'm talking about.

1997
01:42:20,520 --> 01:42:23,920
Speaker 4: Our employee'll be thinking a bad.

1998
01:42:26,000 --> 01:42:26,920
Speaker 1: We're put some on that.

1999
01:42:27,320 --> 01:42:27,600
Speaker 3: But we.

2000
01:42:29,240 --> 01:42:30,559
Speaker 2: Okay, get a normal employer.

2001
01:42:30,640 --> 01:42:30,760
Speaker 4: Man.

2002
01:42:30,800 --> 01:42:35,040
Speaker 2: I said, you ain't gonna be have I didn't say hoods.

2003
01:42:34,280 --> 01:42:36,760
Speaker 1: About free laws. That's about two thous.

2004
01:42:38,280 --> 01:42:45,479
Speaker 2: To nine, including tonight nine is a is an independent contractor.

2005
01:42:45,840 --> 01:42:47,559
Speaker 2: Now of all the people watching, though, just let them

2006
01:42:47,560 --> 01:42:49,479
Speaker 2: know where they can catch up with you at. Yeah,

2007
01:42:49,760 --> 01:42:51,559
Speaker 2: where they can get the book. Uh, you can get

2008
01:42:51,560 --> 01:42:52,599
Speaker 2: the book anywhere online.

2009
01:42:52,680 --> 01:42:55,360
Speaker 3: Is the best seller on on Walmart's the best seller

2010
01:42:55,439 --> 01:42:59,240
Speaker 3: and four categories on Amazon. It just came out on audiobook.

2011
01:42:59,720 --> 01:43:03,640
Speaker 3: I eat that myself in my own voice. It's a

2012
01:43:03,680 --> 01:43:04,240
Speaker 3: best seller.

2013
01:43:04,640 --> 01:43:04,760
Speaker 2: Uh.

2014
01:43:05,160 --> 01:43:08,719
Speaker 3: So you can go anywhere online, Barnes and Nobles, black

2015
01:43:08,760 --> 01:43:15,320
Speaker 3: bookstores have it. Black bookstores have it. And I hate

2016
01:43:15,360 --> 01:43:17,720
Speaker 3: to be racial here, but it's cars k A R.

2017
01:43:18,040 --> 01:43:20,000
Speaker 2: L o U s all white folks buying the book.

2018
01:43:21,560 --> 01:43:23,880
Speaker 2: They won't to see what I want you guys to

2019
01:43:23,960 --> 01:43:24,400
Speaker 2: buy it for.

2020
01:43:25,640 --> 01:43:26,839
Speaker 1: I want jobs.

2021
01:43:28,120 --> 01:43:31,560
Speaker 2: Knows about the civil rights no more importantly capitalism.

2022
01:43:33,000 --> 01:43:33,880
Speaker 3: L o U S.

2023
01:43:34,200 --> 01:43:35,000
Speaker 2: Yeah, l o U S.

2024
01:43:35,600 --> 01:43:40,280
Speaker 3: I hope this has been something enjoyable, entertaining. You know

2025
01:43:41,040 --> 01:43:44,760
Speaker 3: all of the above. Is there something that that jumps out?

2026
01:43:45,360 --> 01:43:48,120
Speaker 2: We got any questions from the floor.

2027
01:43:48,760 --> 01:43:51,280
Speaker 4: So basically, capitalism is just hustling for real, for real,

2028
01:43:51,760 --> 01:43:52,599
Speaker 4: It's a legal hustle.

2029
01:43:52,600 --> 01:43:56,519
Speaker 2: It's a legal hustle. Right dealer, is is it illegal?

2030
01:43:56,720 --> 01:44:02,080
Speaker 3: Unethical entrepreneur, He's part of the important, export, finance, marketing,

2031
01:44:02,160 --> 01:44:05,799
Speaker 3: hotel resales, customer service, security, territory, logistics.

2032
01:44:05,960 --> 01:44:07,400
Speaker 1: HR got to have a legit.

2033
01:44:08,720 --> 01:44:10,080
Speaker 2: A drug dealer, I mean a gang leader?

2034
01:44:10,160 --> 01:44:10,240
Speaker 1: Is it?

2035
01:44:10,280 --> 01:44:12,759
Speaker 3: Frustrated union organizer? So we have a lot of talent

2036
01:44:12,840 --> 01:44:15,360
Speaker 3: in our community focused on the wrong focus on the

2037
01:44:15,360 --> 01:44:15,800
Speaker 3: wrong ship.

2038
01:44:16,400 --> 01:44:18,320
Speaker 2: We got you some more good gifts. Oh, I got

2039
01:44:18,400 --> 01:44:20,960
Speaker 2: some gear, man, got you cool? Thank you? Can I

2040
01:44:21,000 --> 01:44:23,120
Speaker 2: get something from my wife too? Absolutely? I can't go

2041
01:44:23,680 --> 01:44:25,320
Speaker 2: hand it. I gotta give her something. We got we

2042
01:44:25,439 --> 01:44:27,760
Speaker 2: got something for the wife for sure. I'm going to

2043
01:44:27,840 --> 01:44:30,000
Speaker 2: take my medium. We got you.

2044
01:44:31,880 --> 01:44:33,760
Speaker 3: Is there any questions or something that jumped out at

2045
01:44:33,760 --> 01:44:35,400
Speaker 3: you guys for the night that made this worthwhile?

2046
01:44:35,520 --> 01:44:35,800
Speaker 2: Day one?

2047
01:44:35,920 --> 01:44:38,720
Speaker 1: Get your credit right, Philip, ladies and jump what.

2048
01:44:38,840 --> 01:44:43,320
Speaker 2: You say betterly? Oh yeah, we'll get you straight.

2049
01:44:43,560 --> 01:44:45,800
Speaker 4: Get your credit right, man, go to the bank and

2050
01:44:45,880 --> 01:44:47,880
Speaker 4: ask for these loans and figure out what you what

2051
01:44:47,960 --> 01:44:50,839
Speaker 4: you're able to get with your financial situation.

2052
01:44:51,240 --> 01:44:53,120
Speaker 2: And my boy will do a camera work for me.

2053
01:44:53,240 --> 01:44:55,320
Speaker 2: He's a big fan of your work right here. He

2054
01:44:55,439 --> 01:44:58,479
Speaker 2: been watching a lot of us.

2055
01:44:59,200 --> 01:45:02,120
Speaker 3: You know what gives me hope, And you guys are

2056
01:45:02,160 --> 01:45:04,000
Speaker 3: partially responsible for it, by the way, because a lot

2057
01:45:04,000 --> 01:45:05,840
Speaker 3: of our stuff went viral since I was here last

2058
01:45:06,720 --> 01:45:08,840
Speaker 3: you guys and charlet Mane cam Newton, there's a lot

2059
01:45:08,880 --> 01:45:10,960
Speaker 3: of Stevie's been a lot of folks. When I do,

2060
01:45:11,120 --> 01:45:13,280
Speaker 3: I do see it. You know, people stop me. When

2061
01:45:13,439 --> 01:45:15,519
Speaker 3: when my white brothers sisters stopped me. I know they've

2062
01:45:15,520 --> 01:45:19,360
Speaker 3: been watching c NBC, but black people stopped. Great, it's

2063
01:45:19,560 --> 01:45:23,800
Speaker 3: it's all you guys. Anyway, I can't go anywhere, and

2064
01:45:23,880 --> 01:45:26,040
Speaker 3: it's a beautiful thing. People even at the mall to day,

2065
01:45:26,040 --> 01:45:28,080
Speaker 3: I can't go. I can't go ten feet. But that

2066
01:45:28,240 --> 01:45:31,400
Speaker 3: means that our people are getting the memo. That means

2067
01:45:31,479 --> 01:45:32,840
Speaker 3: that we want to make smart sexy.

2068
01:45:33,040 --> 01:45:34,439
Speaker 2: That means you got to keep coming back.

2069
01:45:34,760 --> 01:45:38,200
Speaker 7: Well, you gonna be our financial you know, economic teacher

2070
01:45:38,479 --> 01:45:45,640
Speaker 7: in the neighborhoods ken what.

2071
01:45:45,760 --> 01:45:49,920
Speaker 2: You got a lot of.

2072
01:45:53,120 --> 01:45:54,040
Speaker 1: From moving from.

2073
01:45:56,160 --> 01:45:57,200
Speaker 2: Yeah, that's a great question.

2074
01:45:57,840 --> 01:46:00,360
Speaker 3: Uh, I'm gonna sub text it and say I'm gonna

2075
01:46:00,360 --> 01:46:01,840
Speaker 3: give you an answer in three parts.

2076
01:46:02,479 --> 01:46:04,280
Speaker 2: It's credit.

2077
01:46:05,840 --> 01:46:08,960
Speaker 3: Understanding what was behind credit, which is capitalism, which we're

2078
01:46:08,960 --> 01:46:13,080
Speaker 3: still we're still having this dumb ass argument about I mean,

2079
01:46:13,560 --> 01:46:16,360
Speaker 3: if you go you go to my comments. Sometimes people

2080
01:46:16,439 --> 01:46:18,880
Speaker 3: just want to spend all this time arguing about we

2081
01:46:19,120 --> 01:46:22,440
Speaker 3: want to destroy the capulist system. You in the capitulist

2082
01:46:22,520 --> 01:46:26,720
Speaker 3: system killing now you just please knock it off? Like

2083
01:46:27,600 --> 01:46:29,280
Speaker 3: I don't have time to go back and what you

2084
01:46:29,320 --> 01:46:33,200
Speaker 3: can do spend another two hundred years rebuilding.

2085
01:46:33,280 --> 01:46:33,600
Speaker 1: I don't know.

2086
01:46:33,800 --> 01:46:35,400
Speaker 3: I just it doesn't make any sense to me. Like

2087
01:46:35,720 --> 01:46:38,479
Speaker 3: you're in the system. Less upgrade it and make it

2088
01:46:38,600 --> 01:46:42,439
Speaker 3: work for us? Please please, I'm begging you. So we're arguing.

2089
01:46:42,560 --> 01:46:47,400
Speaker 3: We're arguing about money. The Bible says, by the way,

2090
01:46:47,800 --> 01:46:54,439
Speaker 3: this the number one thing mentioned in the Bible more

2091
01:46:54,520 --> 01:46:59,760
Speaker 3: than two thousand times is money. Money's not evil. It's

2092
01:46:59,840 --> 01:47:04,000
Speaker 3: the love of money that's evil. It's the greed. Can

2093
01:47:04,080 --> 01:47:06,880
Speaker 3: we please stop it? Like you can't run a church

2094
01:47:06,960 --> 01:47:11,200
Speaker 3: without donations, you can't run anything without money. Can we

2095
01:47:11,360 --> 01:47:14,160
Speaker 3: please knock it off? So the first thing is mind

2096
01:47:14,640 --> 01:47:18,320
Speaker 3: is said, there's a difference between being broken being poor.

2097
01:47:19,280 --> 01:47:22,880
Speaker 3: Being broken is economic. Being poor is the disabling frame

2098
01:47:22,960 --> 01:47:26,600
Speaker 3: of mind, a depression edition of our soul. And we

2099
01:47:26,720 --> 01:47:29,559
Speaker 3: must vow never to be poor again. They got us

2100
01:47:29,760 --> 01:47:34,680
Speaker 3: so messed up PTSD. We're angry, we're frustrated. We wake

2101
01:47:34,760 --> 01:47:38,599
Speaker 3: up on survival mode. We're distracted. And if the right

2102
01:47:38,680 --> 01:47:41,559
Speaker 3: side of your brain shuts down. That's where creativity, that's

2103
01:47:41,600 --> 01:47:47,280
Speaker 3: where that's where hope, well being, belief, joy, confidence, empathy, love,

2104
01:47:48,200 --> 01:47:50,960
Speaker 3: that's where all the juicy stuff is. If you stress

2105
01:47:51,000 --> 01:47:54,600
Speaker 3: the fudge out, if you piss the fudge out, this

2106
01:47:54,760 --> 01:47:57,600
Speaker 3: shuts down. You can't get to the left side of

2107
01:47:57,600 --> 01:48:00,400
Speaker 3: your brain, which is where logic is. You don't make

2108
01:48:00,479 --> 01:48:05,040
Speaker 3: logical decisions because we're angry and emotional and you should

2109
01:48:05,080 --> 01:48:09,880
Speaker 3: never make an emotional decision. Whenever you make an emotional decision.

2110
01:48:09,560 --> 01:48:12,879
Speaker 2: It's going to be fucking wrongcuse me, fudging wrong impulse.

2111
01:48:13,560 --> 01:48:17,639
Speaker 3: So we live on our impulses. We're depressed, we haven't healed.

2112
01:48:17,920 --> 01:48:21,439
Speaker 3: We argue about basic shit. We need to knock it off,

2113
01:48:22,240 --> 01:48:24,679
Speaker 3: and then we need to understand money is not evil

2114
01:48:25,280 --> 01:48:26,200
Speaker 3: and credit is good.

2115
01:48:26,920 --> 01:48:28,240
Speaker 2: There's good debt and bad debt.

2116
01:48:29,160 --> 01:48:33,679
Speaker 3: Good debt is tied to something that appreciates. Bad debt

2117
01:48:33,800 --> 01:48:36,160
Speaker 3: is tied something that that depreciates.

2118
01:48:37,040 --> 01:48:42,840
Speaker 2: Financing jewelry is bad debt. Financing tennis shoes is bad debt.

2119
01:48:44,120 --> 01:48:48,960
Speaker 2: Financing vacations is bad debt. Financing a ticket.

2120
01:48:48,760 --> 01:48:52,920
Speaker 3: To a concert, which we are doing, is bad debt.

2121
01:48:53,720 --> 01:48:57,280
Speaker 3: We keep asking what's his payment? You know, Financing a

2122
01:48:57,320 --> 01:49:00,040
Speaker 3: hellcut at three five hundred dollars a month, which is going.

2123
01:49:00,200 --> 01:49:04,040
Speaker 2: To depreciate like a rock depreciated when you bump you

2124
01:49:04,120 --> 01:49:05,080
Speaker 2: d when by.

2125
01:49:05,000 --> 01:49:07,240
Speaker 3: The way before coming to come in to your question,

2126
01:49:07,280 --> 01:49:08,439
Speaker 3: this is a great question. I wanna stay with this

2127
01:49:08,520 --> 01:49:12,040
Speaker 3: for a second. A car dealership. It's three businesses.

2128
01:49:13,400 --> 01:49:13,800
Speaker 2: Mm hmm.

2129
01:49:14,560 --> 01:49:21,200
Speaker 3: The least valuable, The least profitable auto sales. The second

2130
01:49:21,240 --> 01:49:26,200
Speaker 3: most profitable the finance department. That's where you went. The

2131
01:49:26,320 --> 01:49:30,639
Speaker 3: third most profitable. Sorry, the first most profitable, I'm sorry, sorry,

2132
01:49:30,680 --> 01:49:33,960
Speaker 3: the least profitable. The third most profitable is sales. The

2133
01:49:34,120 --> 01:49:37,639
Speaker 3: second most profitable is finance. The first most profitable was maintenance.

2134
01:49:39,560 --> 01:49:41,200
Speaker 3: They can't wait for you that car to break down.

2135
01:49:42,400 --> 01:49:44,800
Speaker 3: They can't wait for you to drag your ass back

2136
01:49:44,880 --> 01:49:48,760
Speaker 3: into that dealership. So because you need the car, and

2137
01:49:48,800 --> 01:49:51,559
Speaker 3: they gonna hit you with a bill that's gonna make.

2138
01:49:51,479 --> 01:49:52,240
Speaker 2: Your eyes bulged.

2139
01:49:53,080 --> 01:49:55,400
Speaker 3: And then if you default, they're gonna sell repair it

2140
01:49:55,760 --> 01:49:58,120
Speaker 3: for frash the costs and sell it to somebody else.

2141
01:49:58,840 --> 01:50:00,760
Speaker 3: Three businesses and a car dealer. So you think you're

2142
01:50:00,800 --> 01:50:03,760
Speaker 3: doing something when you get that price down, and then

2143
01:50:03,840 --> 01:50:06,840
Speaker 3: you relax and you go in the finance office. You

2144
01:50:06,920 --> 01:50:09,120
Speaker 3: are happy and you do you think the person over

2145
01:50:09,160 --> 01:50:11,360
Speaker 3: there is your friend, Hey Joe, Yeah, you want a beer?

2146
01:50:12,160 --> 01:50:15,000
Speaker 2: Like you like some water? You know, you got some chips.

2147
01:50:15,240 --> 01:50:18,439
Speaker 3: They're getting you all relaxed so they can eat you alive.

2148
01:50:19,120 --> 01:50:21,439
Speaker 3: And what you're not paying attention then, is they made

2149
01:50:21,520 --> 01:50:24,280
Speaker 3: up the discount of the price when they hit you

2150
01:50:24,400 --> 01:50:27,160
Speaker 3: at the interest rate because they're in partnership with the

2151
01:50:27,200 --> 01:50:30,640
Speaker 3: financer companies and your credit is talk from the flow up.

2152
01:50:31,000 --> 01:50:34,400
Speaker 2: Otherwise you to walk in with an approval. You follow me,

2153
01:50:35,240 --> 01:50:35,920
Speaker 2: so they work.

2154
01:50:36,240 --> 01:50:38,320
Speaker 3: They were going to offer you before you got the

2155
01:50:38,439 --> 01:50:40,200
Speaker 3: discount of the price, they were going to offer you

2156
01:50:40,400 --> 01:50:44,280
Speaker 3: fifteen percent interest and what's called three points, which is

2157
01:50:44,320 --> 01:50:47,280
Speaker 3: a fee that they get at the dealership, the three

2158
01:50:47,320 --> 01:50:50,960
Speaker 3: percent of the purchase price. But because they don't like attitude,

2159
01:50:51,120 --> 01:50:54,599
Speaker 3: because you press them, they told a finance company charge

2160
01:50:54,600 --> 01:50:58,080
Speaker 3: them eighteen percent and I'm gonna collect five points.

2161
01:50:58,760 --> 01:51:00,080
Speaker 2: And then they say do you want.

2162
01:51:00,280 --> 01:51:03,760
Speaker 3: You want to warranty? And do you want to you

2163
01:51:03,880 --> 01:51:06,840
Speaker 3: want a maintenance contract? And do you want to you know,

2164
01:51:06,880 --> 01:51:07,840
Speaker 3: they got all kinds of stuff.

2165
01:51:07,960 --> 01:51:08,360
Speaker 1: You want.

2166
01:51:12,280 --> 01:51:18,680
Speaker 2: Content and then we got the but we're gonna let

2167
01:51:18,720 --> 01:51:19,200
Speaker 2: you give.

2168
01:51:20,720 --> 01:51:21,120
Speaker 1: Exactly.

2169
01:51:22,760 --> 01:51:25,160
Speaker 3: You end up a third of the purchase price. You

2170
01:51:25,360 --> 01:51:29,439
Speaker 3: just wrapped up an interest and crap and the car

2171
01:51:29,560 --> 01:51:33,120
Speaker 3: is gonna break down. It's not Mercedes's mercy these payments. Now,

2172
01:51:33,320 --> 01:51:38,479
Speaker 3: let's go back to your Please hear me. Everybody people

2173
01:51:38,560 --> 01:51:41,000
Speaker 3: tell you that debt is evil, is wrong, sorry, not

2174
01:51:41,240 --> 01:51:46,960
Speaker 3: is are wrong. There's no successful city, there's no successful county.

2175
01:51:47,280 --> 01:51:52,439
Speaker 3: There's no successful millionaire multimillionaire. There's no successful billionaire. There's

2176
01:51:52,439 --> 01:51:54,720
Speaker 3: a successful country. Please hear me.

2177
01:51:54,840 --> 01:51:57,800
Speaker 2: There's a successful company that did not do it on

2178
01:51:57,880 --> 01:52:03,599
Speaker 2: the back of good debt. What's the difference between good

2179
01:52:04,400 --> 01:52:13,519
Speaker 2: interest rate and terms? Mhm. So I had a line

2180
01:52:13,560 --> 01:52:13,960
Speaker 2: of credit.

2181
01:52:15,520 --> 01:52:17,639
Speaker 3: I don't remember what year it was, with late teens,

2182
01:52:18,120 --> 01:52:20,960
Speaker 3: like a seventy five thousand line of credit. It was lazy,

2183
01:52:21,040 --> 01:52:23,160
Speaker 3: somebody offered to me, I was doing some stuff around

2184
01:52:23,160 --> 01:52:24,479
Speaker 3: the house. I said, yes, I didn't want to use

2185
01:52:24,520 --> 01:52:26,160
Speaker 3: my credit card anymore, as I'm using my AX to

2186
01:52:26,200 --> 01:52:28,120
Speaker 3: pay for everything and pay. By the way, credit cards

2187
01:52:28,160 --> 01:52:32,320
Speaker 3: different from a from a from a charge card. Okay,

2188
01:52:32,640 --> 01:52:35,080
Speaker 3: a charge card you pay every month. I don't want

2189
01:52:35,080 --> 01:52:36,439
Speaker 3: to assume anybody knows that stuff.

2190
01:52:38,840 --> 01:52:40,640
Speaker 1: Don't show him you call it. Oh, he need to

2191
01:52:40,760 --> 01:52:45,240
Speaker 1: zoom in to get hold, Paul, I want to inspire people.

2192
01:52:47,760 --> 01:52:52,439
Speaker 1: Been high a number? Manti that out.

2193
01:52:52,960 --> 01:52:54,519
Speaker 2: So that's that's you know what that is?

2194
01:52:55,160 --> 01:52:57,000
Speaker 1: Black car, no limit on it.

2195
01:52:57,720 --> 01:53:01,400
Speaker 3: I can technically buy the building, right, So I charge

2196
01:53:01,600 --> 01:53:04,960
Speaker 3: every month on this card six figures right.

2197
01:53:05,880 --> 01:53:06,000
Speaker 5: Uh.

2198
01:53:06,240 --> 01:53:10,320
Speaker 3: And then my different departments, different companies reimburse me. They

2199
01:53:10,360 --> 01:53:14,000
Speaker 3: are portions of this and then I pay the bill.

2200
01:53:16,160 --> 01:53:18,760
Speaker 3: You got to pay it in full every month, So

2201
01:53:18,920 --> 01:53:21,719
Speaker 3: every month I pay six figure credit?

2202
01:53:21,880 --> 01:53:24,000
Speaker 1: What days? What days do you do you allow?

2203
01:53:24,040 --> 01:53:24,200
Speaker 2: You know?

2204
01:53:24,240 --> 01:53:27,680
Speaker 1: So far? Says only only say you got limit? Ain't no,

2205
01:53:27,800 --> 01:53:28,599
Speaker 1: so you ain't got nothing?

2206
01:53:28,640 --> 01:53:32,880
Speaker 3: So again, great question. That's a credit card a charge card?

2207
01:53:33,920 --> 01:53:36,080
Speaker 3: I mean in my case there is no limit, but

2208
01:53:36,200 --> 01:53:39,000
Speaker 3: a charge card they will set they say you have Look,

2209
01:53:39,040 --> 01:53:40,880
Speaker 3: you have a three thousand dollars spending limit or whatever

2210
01:53:40,920 --> 01:53:41,120
Speaker 3: it is.

2211
01:53:41,479 --> 01:53:43,200
Speaker 2: You can charge up to this. By the way, a

2212
01:53:43,240 --> 01:53:44,680
Speaker 2: debit card is not a charge card.

2213
01:53:45,040 --> 01:53:47,320
Speaker 3: A debit card is a I'm snatching your stuff right

2214
01:53:47,400 --> 01:53:51,880
Speaker 3: now audio bank account. Do anybody old enough to remember

2215
01:53:51,960 --> 01:53:54,320
Speaker 3: floating checks? Am I the only person in here?

2216
01:53:55,479 --> 01:53:56,840
Speaker 2: My man? You don't float check.

2217
01:53:57,120 --> 01:54:00,760
Speaker 3: You write a check and you would write it and

2218
01:54:00,880 --> 01:54:03,960
Speaker 3: sign it and mail it, and you knew it would

2219
01:54:03,960 --> 01:54:06,880
Speaker 3: take three days to get to them they deposited, take

2220
01:54:06,880 --> 01:54:07,720
Speaker 3: another three days ago.

2221
01:54:08,240 --> 01:54:11,280
Speaker 2: Dude deposits on Thursday, all yourself a week. That's right,

2222
01:54:11,320 --> 01:54:12,960
Speaker 2: you and boself. You gotta go run around, take some

2223
01:54:13,640 --> 01:54:14,400
Speaker 2: posted it checks.

2224
01:54:14,920 --> 01:54:18,599
Speaker 3: Y'all understand. You don't understand. So now the modern version

2225
01:54:18,640 --> 01:54:21,320
Speaker 3: of that is a debit card. But that's instantaneous. They

2226
01:54:21,400 --> 01:54:22,280
Speaker 3: took the money right away.

2227
01:54:22,280 --> 01:54:22,519
Speaker 2: Okay.

2228
01:54:22,880 --> 01:54:25,960
Speaker 3: A charge card is I'm gonna give you thirty days

2229
01:54:26,760 --> 01:54:30,439
Speaker 3: to pay this off. That's an AMEX card, a diner's card.

2230
01:54:30,920 --> 01:54:34,360
Speaker 3: A credit card is like visa master card. They give

2231
01:54:34,400 --> 01:54:37,240
Speaker 3: you a certain limit, and you have a rolling balance.

2232
01:54:37,720 --> 01:54:40,720
Speaker 3: And if you and you make many people make minimum payments,

2233
01:54:40,720 --> 01:54:43,520
Speaker 3: which I don't agree with on that, you're right, you

2234
01:54:43,600 --> 01:54:47,320
Speaker 3: want to charge only thirty percent of the available credit.

2235
01:54:47,640 --> 01:54:48,720
Speaker 2: Now people make this mistake.

2236
01:54:49,040 --> 01:54:50,920
Speaker 3: They say, if I have a ten thousand dollars limit,

2237
01:54:52,440 --> 01:54:55,800
Speaker 3: that's better than having a one thousand dollars limit. Not necessarily,

2238
01:54:56,120 --> 01:54:58,000
Speaker 3: if I have a ten thousands limit, but a nine

2239
01:54:58,040 --> 01:55:00,920
Speaker 3: thousand dollars ballance. Verse, it was a one thousand dollars

2240
01:55:00,960 --> 01:55:04,880
Speaker 3: limit and a three hundred dollars ballance. The person with

2241
01:55:05,000 --> 01:55:06,880
Speaker 3: a thousand dollars credit card and a three hundred dollars

2242
01:55:06,880 --> 01:55:10,480
Speaker 3: ballance has a higher credit score than the person with

2243
01:55:10,600 --> 01:55:13,600
Speaker 3: a ten thousand dollars limit and a nine thousand dollars ballance.

2244
01:55:13,680 --> 01:55:15,920
Speaker 3: Because you have more leverage and more debt. You follow

2245
01:55:15,960 --> 01:55:19,480
Speaker 3: me this right, It's a basic thing. Nobody teaches you.

2246
01:55:20,160 --> 01:55:22,560
Speaker 3: So I'm not sure what point was I making. I

2247
01:55:22,600 --> 01:55:27,680
Speaker 3: was talking about a good debt and bad so so

2248
01:55:27,800 --> 01:55:29,840
Speaker 3: I had this this line of credit for seventy five

2249
01:55:29,880 --> 01:55:32,280
Speaker 3: thousand dollars. Make a long story short. My payment was

2250
01:55:32,320 --> 01:55:35,520
Speaker 3: about twenty hundred dollars a month on this line of credit.

2251
01:55:36,040 --> 01:55:37,840
Speaker 3: And I was lazy about it. I didn't really pay

2252
01:55:37,840 --> 01:55:41,200
Speaker 3: attention to it. I just it was convenient. I was

2253
01:55:41,280 --> 01:55:42,920
Speaker 3: tired of using my black car.

2254
01:55:43,320 --> 01:55:44,280
Speaker 1: Was asking no credit card?

2255
01:55:44,480 --> 01:55:44,800
Speaker 2: This was no.

2256
01:55:44,920 --> 01:55:48,280
Speaker 3: It was a line of credit, line of credit. It

2257
01:55:48,440 --> 01:55:50,520
Speaker 3: was I forget what they call it was like it

2258
01:55:50,560 --> 01:55:52,320
Speaker 3: wasn't a homemaker the line of credit, but it was.

2259
01:55:52,480 --> 01:55:55,600
Speaker 3: It was a credit card that was designed for the home. Okay,

2260
01:55:55,800 --> 01:55:57,600
Speaker 3: And I was using my AMEX card to do my

2261
01:55:57,680 --> 01:56:00,240
Speaker 3: wife was doing some household stuff and I thought it

2262
01:56:00,280 --> 01:56:02,320
Speaker 3: was about fifty grand and I just I want to

2263
01:56:02,360 --> 01:56:04,080
Speaker 3: put this on a segregated card. It called you twenty

2264
01:56:04,080 --> 01:56:05,720
Speaker 3: five hundred dollars a month is my point to hold

2265
01:56:05,760 --> 01:56:07,680
Speaker 3: on to that. I'm talking to one of my very

2266
01:56:08,000 --> 01:56:10,640
Speaker 3: very wealthy friends more well, at that point, much more

2267
01:56:10,680 --> 01:56:11,440
Speaker 3: wealthy than I was.

2268
01:56:11,640 --> 01:56:15,200
Speaker 2: I again, shut up and listen, and I was rich.

2269
01:56:15,280 --> 01:56:15,800
Speaker 2: He was wealthy.

2270
01:56:15,880 --> 01:56:19,320
Speaker 3: Now I'm wealthy, but he was uber wealthy. He said,

2271
01:56:19,360 --> 01:56:22,560
Speaker 3: what are you doing? He said, John, just go get

2272
01:56:22,600 --> 01:56:26,200
Speaker 3: a line of credit. Interest rate is three percent back

2273
01:56:26,240 --> 01:56:28,200
Speaker 3: then two to three percent. Go get a line of

2274
01:56:28,280 --> 01:56:32,760
Speaker 3: credit for At this point it was a million five

2275
01:56:33,280 --> 01:56:37,360
Speaker 3: line of credit. The payment on the million fine line

2276
01:56:37,400 --> 01:56:38,880
Speaker 3: of credit was fifteen hundred dollars a month.

2277
01:56:40,360 --> 01:56:41,120
Speaker 2: What did I just tell you?

2278
01:56:41,440 --> 01:56:44,600
Speaker 3: The seventy five thousand dollars line of credit, what's called

2279
01:56:44,800 --> 01:56:48,880
Speaker 3: twenty five hundred dollars a month? A million, five million

2280
01:56:48,880 --> 01:56:51,320
Speaker 3: dollar line of credit was costing me fifteen hundred dollars

2281
01:56:51,360 --> 01:56:51,640
Speaker 3: a month.

2282
01:56:53,040 --> 01:56:53,560
Speaker 2: That's the game.

2283
01:56:53,600 --> 01:56:56,160
Speaker 3: I'm gonna get another one, and you guys should do this.

2284
01:56:56,760 --> 01:56:59,920
Speaker 3: Go open a stock account. You got you got twenty five,

2285
01:57:00,280 --> 01:57:02,520
Speaker 3: you got fifty grand, you got one hundred grands, you're

2286
01:57:02,520 --> 01:57:04,400
Speaker 3: doing a concert, whatever, you get a bunch of money.

2287
01:57:04,760 --> 01:57:06,440
Speaker 3: By the way, think about taxes. I'll talk to you

2288
01:57:06,440 --> 01:57:07,200
Speaker 3: about how to deal.

2289
01:57:07,160 --> 01:57:07,800
Speaker 2: With that in a minute.

2290
01:57:08,000 --> 01:57:10,320
Speaker 3: But think about Okay, we got to a one hundred

2291
01:57:10,320 --> 01:57:13,120
Speaker 3: grand to see a hundred grand for you, ten grand

2292
01:57:13,160 --> 01:57:15,320
Speaker 3: for you in the audience, or five grand. Go over

2293
01:57:15,400 --> 01:57:22,520
Speaker 3: the stock account. Buy conservative stocks, Do not do cryptocurrency,

2294
01:57:23,120 --> 01:57:28,920
Speaker 3: Do not do crazy stupid stuff. Go buy stuff you use.

2295
01:57:29,240 --> 01:57:32,760
Speaker 3: Go to Walmart, Go buy Walmart whatever you use.

2296
01:57:33,000 --> 01:57:33,720
Speaker 2: Buy it you like.

2297
01:57:34,040 --> 01:57:36,920
Speaker 3: This is Paragamo shoes, Buy per Gamo stock, whatever you love.

2298
01:57:37,280 --> 01:57:40,040
Speaker 3: You like Gucci by Gucci stock if you like, everybody

2299
01:57:40,080 --> 01:57:40,560
Speaker 3: else likes it.

2300
01:57:40,880 --> 01:57:43,800
Speaker 2: Follow me so far. Yeah, okay, buy stuff you use

2301
01:57:43,880 --> 01:57:46,000
Speaker 2: you like. Go look at your appliances in.

2302
01:57:46,040 --> 01:57:48,560
Speaker 3: Your house, black and Decker, black and Dicker, the car

2303
01:57:48,680 --> 01:57:51,640
Speaker 3: you drive, buy that by for whatever it is you like,

2304
01:57:51,760 --> 01:57:54,960
Speaker 3: everybody else likes it. Buy that stuff, do not sell you.

2305
01:57:55,120 --> 01:58:00,800
Speaker 3: Then go back and ask for a margin account. Now

2306
01:58:01,040 --> 01:58:04,160
Speaker 3: you're the bank of Carlos, right, this is this is gangster.

2307
01:58:04,880 --> 01:58:07,080
Speaker 3: So now you have a in this example, you have

2308
01:58:07,120 --> 01:58:08,880
Speaker 3: a one hundred thousand dollars stock account.

2309
01:58:08,640 --> 01:58:10,920
Speaker 2: Right, and they're gonna match a hundred No, they're.

2310
01:58:10,760 --> 01:58:13,600
Speaker 3: Gonna give you a line of credit for seventy percent

2311
01:58:14,120 --> 01:58:19,200
Speaker 3: of your balance. Okay, for now, it's seventy grand. You're

2312
01:58:19,240 --> 01:58:21,320
Speaker 3: not gonna use seventy grand. You're not gonna leverage yourself

2313
01:58:21,320 --> 01:58:23,400
Speaker 3: because if the market comes down, you're in trouble. But

2314
01:58:23,480 --> 01:58:27,280
Speaker 3: you're gonna use thirty thousand and forty to fifty thousand

2315
01:58:27,320 --> 01:58:30,520
Speaker 3: dollars of that, and you're gonna charge yourself. They're gonna

2316
01:58:30,560 --> 01:58:33,640
Speaker 3: they're gonna charge you about four to five percent interest rate.

2317
01:58:33,760 --> 01:58:39,120
Speaker 2: In the current environment. That's cheapest money you'll ever get.

2318
01:58:39,400 --> 01:58:42,840
Speaker 2: And you're your own bank. And this is the gangster part.

2319
01:58:43,480 --> 01:58:45,080
Speaker 2: The money is still making the money.

2320
01:58:45,960 --> 01:58:50,280
Speaker 3: Did you get that right? You're borrowing from yourself. You're

2321
01:58:50,320 --> 01:58:53,879
Speaker 3: the bank of Carlos. You're getting the lowest interest rate possible.

2322
01:58:55,320 --> 01:58:57,200
Speaker 3: And why you're borrowing from yourself.

2323
01:58:56,960 --> 01:59:00,400
Speaker 5: Stock account, paign stock account is still making money, making

2324
01:59:00,520 --> 01:59:01,240
Speaker 5: money through.

2325
01:59:01,160 --> 01:59:04,520
Speaker 3: The stock market because the companies are still out there performing.

2326
01:59:04,600 --> 01:59:06,200
Speaker 2: Did you guys get that? This may be the most

2327
01:59:06,240 --> 01:59:06,680
Speaker 2: important thing.

2328
01:59:06,720 --> 01:59:08,400
Speaker 4: I said, I got a one point I got a

2329
01:59:08,440 --> 01:59:10,000
Speaker 4: one point five line of credit. But I just went

2330
01:59:10,080 --> 01:59:12,800
Speaker 4: and got a margin account and use my my one

2331
01:59:12,840 --> 01:59:15,280
Speaker 4: point five line of credit as leverage to get the

2332
01:59:15,360 --> 01:59:16,000
Speaker 4: margin account.

2333
01:59:16,160 --> 01:59:17,440
Speaker 2: What you said just the other way around.

2334
01:59:17,600 --> 01:59:19,320
Speaker 3: Let's say you have Let's say that you have a

2335
01:59:19,360 --> 01:59:22,480
Speaker 3: million dollars that you don't that you're sitting in a

2336
01:59:22,520 --> 01:59:24,720
Speaker 3: bank earning nothing nothing.

2337
01:59:25,000 --> 01:59:26,000
Speaker 2: You take that million.

2338
01:59:25,800 --> 01:59:31,080
Speaker 3: Dollars and you put it in a stock account some five.

2339
01:59:31,520 --> 01:59:39,240
Speaker 3: You only invest in conservative, boring stuff. Yeah, boring conservative.

2340
01:59:40,240 --> 01:59:43,680
Speaker 3: You then asked whoever sponsored the margin account? True, is

2341
01:59:43,840 --> 01:59:49,760
Speaker 3: JP Morgan Chase Wells Fargo's handling their bank region's bank Fidelity? Uh?

2342
01:59:50,760 --> 01:59:59,720
Speaker 2: Infidelity? Whoever sponsors it? You asked them.

2343
02:00:00,360 --> 02:00:05,040
Speaker 3: So, Uh, my my family office is with Rockefeller Rockefeller

2344
02:00:05,360 --> 02:00:08,960
Speaker 3: as in the Rockefeller family. So you ask them for

2345
02:00:09,280 --> 02:00:13,320
Speaker 3: a margin, a loan, a line of credit. It's called

2346
02:00:13,320 --> 02:00:17,880
Speaker 3: a margin account. Use then use your your lifestyle. You

2347
02:00:17,960 --> 02:00:22,680
Speaker 3: make your lifestyle purchases on that line of credit now here,

2348
02:00:23,120 --> 02:00:25,560
Speaker 3: and they're going to charge you below market interest. This

2349
02:00:25,680 --> 02:00:29,000
Speaker 3: is a gangster move, one for your for your loans

2350
02:00:29,040 --> 02:00:32,400
Speaker 3: against yourself. Meanwhile, the best people in the world on

2351
02:00:32,560 --> 02:00:36,879
Speaker 3: investment while you're here doing your performances, while you're traveling.

2352
02:00:37,360 --> 02:00:38,920
Speaker 3: I'm gonna tell you make money into that you build

2353
02:00:38,920 --> 02:00:42,000
Speaker 3: well in your sleep. These people stake their whole careers

2354
02:00:42,120 --> 02:00:43,760
Speaker 3: on making the market go.

2355
02:00:44,840 --> 02:00:46,200
Speaker 1: And you can do that, and you can do that

2356
02:00:46,280 --> 02:00:52,680
Speaker 1: again once to once you pay that loan off, it

2357
02:00:52,760 --> 02:00:53,200
Speaker 1: gets better.

2358
02:00:54,920 --> 02:00:58,280
Speaker 2: If you sell an asset, you you owe taxes capital

2359
02:00:58,320 --> 02:00:59,800
Speaker 2: gains capital gains.

2360
02:01:00,200 --> 02:01:02,880
Speaker 3: But if you get a loan against the asset, you

2361
02:01:03,120 --> 02:01:08,000
Speaker 3: don't pay taxes. In fact, you write that loan off

2362
02:01:08,160 --> 02:01:11,720
Speaker 3: against your taxes and get the benefit back twice because

2363
02:01:11,720 --> 02:01:14,680
Speaker 3: you're paying a bill. That's why I'm gonna tell you

2364
02:01:14,720 --> 02:01:16,560
Speaker 3: what I'm giving away a bunch.

2365
02:01:16,640 --> 02:01:18,040
Speaker 2: Now you can get com.

2366
02:01:22,960 --> 02:01:23,240
Speaker 1: Hold on.

2367
02:01:24,080 --> 02:01:25,480
Speaker 2: Let me look, I don't wrote it down.

2368
02:01:25,520 --> 02:01:26,080
Speaker 1: I said margin.

2369
02:01:26,120 --> 02:01:33,640
Speaker 8: Look camp, don't use butter getting margin, getting margin, by

2370
02:01:33,720 --> 02:01:35,360
Speaker 8: the way, I wish we had a wish, We had

2371
02:01:35,360 --> 02:01:36,520
Speaker 8: a wish we had a knife.

2372
02:01:36,560 --> 02:01:38,160
Speaker 2: Here is there a butter knife? Here? A knife here?

2373
02:01:38,280 --> 02:01:39,560
Speaker 2: No knife you had If you.

2374
02:01:39,560 --> 02:01:41,560
Speaker 3: Had a knife, Let's assume it's a knife. You can

2375
02:01:41,680 --> 02:01:45,120
Speaker 3: use a knife the butter bread are you can use

2376
02:01:45,120 --> 02:01:48,640
Speaker 3: a knife to cut somebody. We gotta were using the

2377
02:01:48,720 --> 02:01:50,480
Speaker 3: knife for the wrong damn purse, ool and a weapon.

2378
02:01:50,880 --> 02:01:52,600
Speaker 2: That's it. We we we again.

2379
02:01:52,800 --> 02:01:55,320
Speaker 3: If your survival mode, if you're angry at the world,

2380
02:01:55,960 --> 02:01:57,720
Speaker 3: the only purpose for that knife for you is to

2381
02:01:57,800 --> 02:02:01,080
Speaker 3: cut somebody. Stop being angry. If the butternight is meant

2382
02:02:01,120 --> 02:02:03,400
Speaker 3: the butter bread, damn it. Now, let me tell you

2383
02:02:03,600 --> 02:02:12,080
Speaker 3: the real gangster move wealthy people don't want income. I'm

2384
02:02:12,080 --> 02:02:17,120
Speaker 3: gonna break it down here, Warren. When Warren Buffett say it,

2385
02:02:18,000 --> 02:02:23,320
Speaker 3: my recessionist pays more in taxes than I do.

2386
02:02:24,760 --> 02:02:31,400
Speaker 2: That's because he does not have an income. I mean

2387
02:02:31,480 --> 02:02:32,160
Speaker 2: to break this down.

2388
02:02:32,200 --> 02:02:33,440
Speaker 1: That's what he's sending that money to.

2389
02:02:33,880 --> 02:02:36,720
Speaker 3: His His secretary gets a paycheck. Remember I tell you

2390
02:02:36,760 --> 02:02:41,080
Speaker 3: second Reconstruction was cashing the check. Third Reconstruction is writing

2391
02:02:41,240 --> 02:02:45,440
Speaker 3: the check. Warren's the writer. The secretary is the casher.

2392
02:02:45,920 --> 02:02:47,640
Speaker 3: She gets a ten to nine and she gets a

2393
02:02:47,800 --> 02:02:53,320
Speaker 3: W two withholding statement that has local, state, and federal withholdings.

2394
02:02:53,560 --> 02:02:55,840
Speaker 3: She gets a paycheck every two weeks. Because she's in

2395
02:02:55,920 --> 02:02:58,480
Speaker 3: a risk management form of capitalism. She's not taking the

2396
02:02:58,560 --> 02:02:59,560
Speaker 3: risk of Warren Buffett.

2397
02:03:00,120 --> 02:03:00,360
Speaker 2: She is.

2398
02:03:00,560 --> 02:03:02,720
Speaker 3: She knows as long as we're both its companies in

2399
02:03:03,320 --> 02:03:05,280
Speaker 3: business will get She's gonna get paid.

2400
02:03:05,480 --> 02:03:08,920
Speaker 2: So her risk is lower. Her income is guaranteed, but

2401
02:03:09,040 --> 02:03:10,720
Speaker 2: she has no upside in birth.

2402
02:03:10,720 --> 02:03:13,280
Speaker 3: Sure hack ofaway. Am I going too fast? This is

2403
02:03:13,400 --> 02:03:16,600
Speaker 3: really important? This is like of everything I've said, this

2404
02:03:16,760 --> 02:03:22,800
Speaker 3: is it. She's in capitalism. Everybody is. But the lower

2405
02:03:22,880 --> 02:03:26,240
Speaker 3: you are on the totem pole, the more you're guarantees

2406
02:03:26,920 --> 02:03:28,200
Speaker 3: of a regular something.

2407
02:03:28,880 --> 02:03:31,160
Speaker 2: The lesser risk, the higher you go up to the

2408
02:03:31,200 --> 02:03:31,800
Speaker 2: total pole.

2409
02:03:32,280 --> 02:03:35,560
Speaker 3: The more your risk, the less you're guarantees, but the

2410
02:03:35,640 --> 02:03:40,360
Speaker 3: higher upside. The greatest form of a risk taker is me.

2411
02:03:41,400 --> 02:03:46,360
Speaker 3: I'm an entrepreneur. I roll it all every day. If

2412
02:03:46,440 --> 02:03:49,480
Speaker 3: it works, it works. If it doesn't, what I can

2413
02:03:49,560 --> 02:03:51,560
Speaker 3: tell you, I won't wait here. I lost one twenty

2414
02:03:51,600 --> 02:03:55,600
Speaker 3: six million dollars. I'll be fine, but there was a

2415
02:03:55,680 --> 02:03:57,800
Speaker 3: time one twinty six million dollars would have taken my

2416
02:03:57,920 --> 02:04:01,920
Speaker 3: ass completely out right. But so most people are like,

2417
02:04:01,960 --> 02:04:03,600
Speaker 3: I don't want to do that thing that John Bryan's doing.

2418
02:04:04,200 --> 02:04:08,400
Speaker 3: My payroll is two million dollars every two weeks. My payroll,

2419
02:04:08,560 --> 02:04:11,280
Speaker 3: it it doesn't include me. So most people are like,

2420
02:04:11,320 --> 02:04:14,120
Speaker 3: you know what, I admire that John Brian gut. That's

2421
02:04:14,200 --> 02:04:15,960
Speaker 3: just too much going on. He works eighteen hours a

2422
02:04:16,040 --> 02:04:18,440
Speaker 3: day and it sounds all cool. But I just want

2423
02:04:18,440 --> 02:04:19,200
Speaker 3: to come home at six.

2424
02:04:20,440 --> 02:04:21,400
Speaker 2: I want to go on at five.

2425
02:04:21,440 --> 02:04:23,920
Speaker 1: I avoided that. How Warren avoided that?

2426
02:04:25,680 --> 02:04:27,520
Speaker 2: Okay? My bad just wants me to cut to the ends,

2427
02:04:27,720 --> 02:04:28,040
Speaker 2: all right.

2428
02:04:28,560 --> 02:04:31,760
Speaker 3: The secretary is paying taxes of thirty eight to forty five.

2429
02:04:32,720 --> 02:04:35,640
Speaker 2: Warren died, Okay, Warren Warren.

2430
02:04:35,760 --> 02:04:41,520
Speaker 3: Buffett only pays taxes when he sells an asset. It's

2431
02:04:41,560 --> 02:04:46,200
Speaker 3: called capital gains. Its twenty percent. And he only sells

2432
02:04:46,280 --> 02:04:48,280
Speaker 3: assets once every five years or so.

2433
02:04:49,320 --> 02:04:50,560
Speaker 1: So what he doing with the income?

2434
02:04:50,800 --> 02:04:54,360
Speaker 2: And in the meantime he's taking loans against his assets?

2435
02:04:55,360 --> 02:04:57,200
Speaker 2: Start tax deduct double.

2436
02:04:57,520 --> 02:04:59,120
Speaker 1: He taking loans And are you here?

2437
02:04:59,400 --> 02:05:02,720
Speaker 2: He gotta come? Are you hearing me? You get the stock? Huh?

2438
02:05:04,600 --> 02:05:06,240
Speaker 2: Don't you repeat this now? I was talking about He

2439
02:05:06,600 --> 02:05:09,080
Speaker 2: asked what Warren do the for his income?

2440
02:05:09,440 --> 02:05:12,680
Speaker 3: His income is in the all billionaires, all billionaires, let

2441
02:05:12,680 --> 02:05:13,280
Speaker 3: me you phrase it.

2442
02:05:13,520 --> 02:05:16,400
Speaker 2: No billionaire is on an income on salary.

2443
02:05:16,640 --> 02:05:16,880
Speaker 1: None.

2444
02:05:17,440 --> 02:05:22,040
Speaker 3: They hate billionaires centi millionaires one hundred million dollars. People

2445
02:05:22,080 --> 02:05:25,920
Speaker 3: have one hundred million dollars. Multi multimillionaires do not like

2446
02:05:26,320 --> 02:05:31,960
Speaker 3: income because it's taxed at the highest rate possible, thirty

2447
02:05:32,040 --> 02:05:35,200
Speaker 3: eight to fifty percent. Me doing federal, state, and city.

2448
02:05:36,480 --> 02:05:39,440
Speaker 3: Capital gains is twenty percent.

2449
02:05:40,080 --> 02:05:42,520
Speaker 2: Automatic capital gains.

2450
02:05:42,320 --> 02:05:44,840
Speaker 3: Is when I buy this book for twenty five bucks

2451
02:05:44,880 --> 02:05:48,120
Speaker 3: and I sell it for fifty bucks, the capital gain

2452
02:05:48,640 --> 02:05:52,440
Speaker 3: of twenty five bucks. That's difference. I pay twenty percent

2453
02:05:52,640 --> 02:05:56,680
Speaker 3: on the gain. But I mean I sell this for

2454
02:05:56,800 --> 02:05:59,360
Speaker 3: five years in the meantime, I'm taking you a loan

2455
02:05:59,480 --> 02:06:02,160
Speaker 3: against the I said to finance my lifestyle. That's the

2456
02:06:02,280 --> 02:06:07,760
Speaker 3: margin account, and I write off the loan because if

2457
02:06:07,800 --> 02:06:10,200
Speaker 3: I fail, I got to pay the loan anyway. But

2458
02:06:10,680 --> 02:06:12,480
Speaker 3: if you, if you know who you are, you don't

2459
02:06:12,480 --> 02:06:15,720
Speaker 3: think you're gonna fail, and you're banking on yourself. Now,

2460
02:06:15,880 --> 02:06:17,600
Speaker 3: some people are gonna listen, watch and say, see, I

2461
02:06:17,720 --> 02:06:20,120
Speaker 3: told you those rich people WI don't pay no taxes live.

2462
02:06:20,920 --> 02:06:24,360
Speaker 3: Seventy percent of all US taxes are paid by people

2463
02:06:24,520 --> 02:06:30,839
Speaker 3: like me. Seventy percent. We pay less in traditional taxes,

2464
02:06:31,200 --> 02:06:33,680
Speaker 3: but the big checks we write for capital gains and

2465
02:06:33,800 --> 02:06:35,960
Speaker 3: property taxes and sales taxes.

2466
02:06:36,200 --> 02:06:40,240
Speaker 2: Entrepreneurs are through the roof. So so shit.

2467
02:06:42,960 --> 02:06:45,280
Speaker 4: Is avoiding tax of not knowing that you got one

2468
02:06:45,320 --> 02:06:48,080
Speaker 4: hundred dollars dollar property tax you gotta pay.

2469
02:06:48,240 --> 02:06:48,600
Speaker 2: That's right.

2470
02:06:48,640 --> 02:06:51,160
Speaker 3: My party tax bill in my house, just one of

2471
02:06:51,200 --> 02:06:53,840
Speaker 3: my houses, twenty five thousand dollars just on one of

2472
02:06:53,960 --> 02:06:54,680
Speaker 3: one of my houses.

2473
02:06:54,920 --> 02:06:58,720
Speaker 2: That's the Bay County loves that. And I got more.

2474
02:06:58,840 --> 02:07:00,400
Speaker 3: I mean, I got a bunch of I gotta pay

2475
02:07:00,440 --> 02:07:03,160
Speaker 3: every year. So no one's getting away with anything. You

2476
02:07:03,320 --> 02:07:06,200
Speaker 3: just it's just how you decide to play this game.

2477
02:07:06,480 --> 02:07:11,720
Speaker 3: But people who are not financially literate just assume, well,

2478
02:07:12,200 --> 02:07:14,960
Speaker 3: why are rich people paying nothing? No, they're paying nothing

2479
02:07:14,960 --> 02:07:18,600
Speaker 3: because they don't have an income. They don't want an income.

2480
02:07:19,400 --> 02:07:22,840
Speaker 3: I am trying to transition right now from I'm building.

2481
02:07:22,960 --> 02:07:25,640
Speaker 3: I built up cash flow, but now I want to

2482
02:07:25,640 --> 02:07:26,120
Speaker 3: get rid of it.

2483
02:07:28,440 --> 02:07:30,880
Speaker 2: You follow me. Yeah, I built up cash flow.

2484
02:07:31,320 --> 02:07:34,560
Speaker 3: And by the way, I have enough expenses to offset

2485
02:07:35,560 --> 02:07:38,720
Speaker 3: by cash flow, so that sometimes I get a tax refund.

2486
02:07:39,320 --> 02:07:43,120
Speaker 3: Really yeah, and sometimes it's neutral.

2487
02:07:43,200 --> 02:07:46,800
Speaker 2: I just had enough. I don't owe, but when I owe,

2488
02:07:46,840 --> 02:07:48,520
Speaker 2: it's six figures. I mean it's a you know, six

2489
02:07:48,560 --> 02:07:50,600
Speaker 2: figures of me. But you know you do it right.

2490
02:07:51,200 --> 02:07:54,160
Speaker 3: But my real goal is to not to get to

2491
02:07:54,280 --> 02:07:58,480
Speaker 3: a point where I have no income. I'm working off

2492
02:07:58,600 --> 02:08:02,640
Speaker 3: of my capital gains, which means you have accumulated enough

2493
02:08:02,800 --> 02:08:07,600
Speaker 3: assets that they're always dropping every few years to sell.

2494
02:08:07,840 --> 02:08:09,760
Speaker 2: The whole purpose of companies to sell it. By the way,

2495
02:08:09,920 --> 02:08:12,400
Speaker 2: this is we don't have time for all of this.

2496
02:08:12,720 --> 02:08:15,280
Speaker 5: Were you're gonna come back on a Saturday morning, we'll

2497
02:08:15,320 --> 02:08:17,600
Speaker 5: do a whole seminar and ship.

2498
02:08:18,040 --> 02:08:22,600
Speaker 2: Seminar and ships because I'm glad you brought it up.

2499
02:08:22,600 --> 02:08:25,640
Speaker 5: Because there's black men and ship is the most important

2500
02:08:25,800 --> 02:08:27,320
Speaker 5: part of whatever you've said.

2501
02:08:27,400 --> 02:08:30,600
Speaker 2: That it mightn't be somewhere and it ain't no ship

2502
02:08:30,720 --> 02:08:33,440
Speaker 2: going on. We having a cookout, say we having a

2503
02:08:33,480 --> 02:08:34,720
Speaker 2: cook gap and ship.

2504
02:08:34,880 --> 02:08:39,240
Speaker 3: My brother Howard Hewett from Shallamar, we love this word situation.

2505
02:08:40,160 --> 02:08:43,400
Speaker 3: Everything is a situation. You know that situation, Remember that situation.

2506
02:08:43,640 --> 02:08:46,320
Speaker 3: You know that you got that little situation I was in,

2507
02:08:48,040 --> 02:08:51,480
Speaker 3: But I don't know what about that situation. I'll be

2508
02:08:51,520 --> 02:08:54,720
Speaker 3: happy to come back the last part of this interview.

2509
02:08:55,600 --> 02:09:00,160
Speaker 3: Uh is everything if you can just get that as

2510
02:09:00,200 --> 02:09:03,160
Speaker 3: successful people want, I try to get something for everybody here.

2511
02:09:03,720 --> 02:09:05,640
Speaker 3: By the way, this is just two hundred pages of math.

2512
02:09:05,720 --> 02:09:08,080
Speaker 3: By the way, it's two hundred pages. There's no politics,

2513
02:09:08,240 --> 02:09:11,480
Speaker 3: there's no emotionalism. It's just it's just it's just math.

2514
02:09:11,720 --> 02:09:12,960
Speaker 3: And I want you to read it. And if you

2515
02:09:13,040 --> 02:09:14,920
Speaker 3: don't like the book, you send it back to my

2516
02:09:15,040 --> 02:09:17,960
Speaker 3: office in Atlanta with your receipt and with your postal

2517
02:09:18,160 --> 02:09:20,760
Speaker 3: postage costs. I will write a check back to you

2518
02:09:20,960 --> 02:09:22,960
Speaker 3: for the cost of the book and your postal costs.

2519
02:09:23,200 --> 02:09:24,880
Speaker 3: I'll donate the book to a library and give you

2520
02:09:24,920 --> 02:09:28,240
Speaker 3: your money back. That's how much I believe that if

2521
02:09:28,280 --> 02:09:30,800
Speaker 3: you just get to the preface, the preface, which is

2522
02:09:30,840 --> 02:09:33,520
Speaker 3: after the forward. Just read the preface. If the preface

2523
02:09:33,600 --> 02:09:36,840
Speaker 3: is not, have your head spinning backwards. Put the book down.

2524
02:09:37,520 --> 02:09:40,240
Speaker 3: That's how gangster I believe it is. But there's these

2525
02:09:40,280 --> 02:09:43,400
Speaker 3: little hacks in life, these little success hacks, these little

2526
02:09:45,040 --> 02:09:48,680
Speaker 3: these little features of capitalism and free enterprise, that once

2527
02:09:48,720 --> 02:09:52,520
Speaker 3: you get it, once a light comes on, you can't

2528
02:09:52,560 --> 02:09:55,920
Speaker 3: sleep because you're like, I figured this thing out.

2529
02:09:56,080 --> 02:09:59,440
Speaker 2: I finally figured out how to make this system work

2530
02:09:59,480 --> 02:10:05,120
Speaker 2: for me, versus making the system work right. It ain't

2531
02:10:05,200 --> 02:10:09,200
Speaker 2: never working again. No, why say all that. I'm just

2532
02:10:09,280 --> 02:10:11,400
Speaker 2: saying I ain't gonna be an employee and again the.

2533
02:10:13,840 --> 02:10:14,160
Speaker 4: System.

2534
02:10:14,680 --> 02:10:16,320
Speaker 2: I'm just saying, I ain't gonna have to be up.

2535
02:10:16,360 --> 02:10:18,040
Speaker 5: I ain't have to be there at eight fifteen like

2536
02:10:18,120 --> 02:10:21,400
Speaker 5: they said and talking about you got your fifteen minutes

2537
02:10:21,440 --> 02:10:22,320
Speaker 5: to eat a little sandwich.

2538
02:10:22,400 --> 02:10:24,200
Speaker 2: Just I never I ain't gonna have to wear a

2539
02:10:24,240 --> 02:10:25,959
Speaker 2: shirt that matched nobody else shirt.

2540
02:10:27,360 --> 02:10:29,280
Speaker 1: That. But what if it's a big fortune five, I'm.

2541
02:10:29,120 --> 02:10:31,200
Speaker 2: Saying that it's gonna have my name on it, motherfucker.

2542
02:10:31,240 --> 02:10:33,959
Speaker 2: I tell you that. Unless with me and John O'Brien

2543
02:10:34,080 --> 02:10:38,600
Speaker 2: started coming to somebody ain't all that, man, you know.

2544
02:10:38,680 --> 02:10:40,080
Speaker 3: Do you know how good it feels to tell people

2545
02:10:40,480 --> 02:10:42,080
Speaker 3: when you come to Atlanta, stay at my hotel?

2546
02:10:43,920 --> 02:10:45,200
Speaker 1: How can we do that? Is it part of the

2547
02:10:45,280 --> 02:10:46,760
Speaker 1: momb war? Is it part of all that?

2548
02:10:46,920 --> 02:10:47,560
Speaker 2: We're not to get in?

2549
02:10:47,720 --> 02:10:50,120
Speaker 3: We got to get it Phoenix Hotel, Phoenix right the

2550
02:10:50,600 --> 02:10:52,440
Speaker 3: Centeniar Yards to talk to you about I'm an investor and.

2551
02:10:52,800 --> 02:10:54,720
Speaker 1: Go to put us.

2552
02:10:56,160 --> 02:11:01,160
Speaker 2: Investor and Grant Hills an investor. No Canadian you got.

2553
02:11:02,040 --> 02:11:04,080
Speaker 5: I mean we ain't got great heal of money, but

2554
02:11:04,240 --> 02:11:09,120
Speaker 5: I mean between two of us, we can get in

2555
02:11:09,360 --> 02:11:11,040
Speaker 5: with the fight in if y'all get.

2556
02:11:11,000 --> 02:11:14,120
Speaker 2: In with us. But we can raise some capital. Let

2557
02:11:14,240 --> 02:11:15,640
Speaker 2: us suck with some capitalism.

2558
02:11:15,760 --> 02:11:16,320
Speaker 1: You know what I'm saying.

2559
02:11:16,560 --> 02:11:18,600
Speaker 5: We ain't gonna even tell everybody we got a little

2560
02:11:18,600 --> 02:11:22,600
Speaker 5: piece of Just put our name on the cornerstone, and we.

2561
02:11:22,600 --> 02:11:24,720
Speaker 2: Ain't gotta be our name. Ain't five style.

2562
02:11:28,880 --> 02:11:31,000
Speaker 5: Everybody back here want their books saying man, I'll be

2563
02:11:31,080 --> 02:11:32,920
Speaker 5: honest like you said, man, we know your time is

2564
02:11:33,040 --> 02:11:34,280
Speaker 5: valuable and we appreciate it.

2565
02:11:34,400 --> 02:11:38,680
Speaker 2: Every time stopped. Old Brian.

2566
02:11:43,680 --> 02:11:45,800
Speaker 1: Get the book saying man, yeah, I'm fussing with it.

2567
02:11:47,480 --> 02:11:49,120
Speaker 2: You could be the first one signed out the new

2568
02:11:49,160 --> 02:11:51,640
Speaker 2: table Man. Okay, oh my god, I'm gonna.

2569
02:11:51,400 --> 02:11:55,160
Speaker 1: Get my credit clean clean. I don't thankful how to

2570
02:11:55,160 --> 02:11:57,640
Speaker 1: do this ship. It's just simple, like what he said

2571
02:11:57,720 --> 02:11:58,640
Speaker 2: Like most really, that's