WEBVTT - Cliff notes: Steps to Personal Wealth 0:00:00.000 --> 0:00:01.440 All right, let's start off with Mary. 0:00:01.520 --> 0:00:07.560 I meet yourself. Please, we are coming to you. Hi. Everyone. 0:00:10.280 --> 0:00:14.720 I'm well, so I'm gonna make it quick. I literally 0:00:14.880 --> 0:00:18.120 bought Amazon. You guys are gonna laugh at me. I'm 0:00:18.120 --> 0:00:20.320 giving away my age on sharebuilder. 0:00:20.520 --> 0:00:21.480 Okay. Back in. 0:00:23.120 --> 0:00:26.720 Okay, my roommate and I we're in our dorm rooms 0:00:26.880 --> 0:00:29.960 and we're like, oh, you know, goofballing, and we did it. 0:00:30.000 --> 0:00:31.120 So I'm good right now. 0:00:32.600 --> 0:00:35.400 I want to get into the whole bitcoin, but I'm 0:00:35.479 --> 0:00:38.640 not as confident as far as what I've done with 0:00:38.680 --> 0:00:42.920 the stocks. And you know, I'm sitting here and I 0:00:42.920 --> 0:00:44.479 said to myself, all right, I'm going to do it. 0:00:44.520 --> 0:00:47.760 Do I do six hundred? Do I do twelve hundred? 0:00:47.840 --> 0:00:51.920 Because I feel that's nice and you know, cautious, safe amount. 0:00:53.120 --> 0:00:55.639 And I'm looking at the bindance as the way to go, 0:00:55.920 --> 0:00:58.720 and I'm just trying to figure out am I perceiving 0:00:58.760 --> 0:00:59.280 that correctly? 0:00:59.360 --> 0:01:00.440 Or should I just all back? 0:01:00.480 --> 0:01:03.400 And before I gotta give you praise? What year did 0:01:03.400 --> 0:01:04.160 you buy Amazon? 0:01:04.800 --> 0:01:05.360 Ninety nine? 0:01:05.400 --> 0:01:08.400 That's why I'm laughing these days, like people have no idea, Wow, 0:01:08.440 --> 0:01:08.880 I'm good. 0:01:09.720 --> 0:01:13.200 What percentage are you up? And tell them how important? 0:01:13.319 --> 0:01:15.080 Long term investment is please. 0:01:14.880 --> 0:01:17.120 You just got to chill, Like seriously, it was a 0:01:17.200 --> 0:01:20.520 joke for us in college, Like my roommate I Asian 0:01:20.520 --> 0:01:23.200 guy moved off campus. Are like, let's try it out 0:01:23.240 --> 0:01:25.240 and see what's you know, what's going to happen? We 0:01:25.280 --> 0:01:28.480 lose what twenty five dollars and we just wrapped up 0:01:28.880 --> 0:01:31.040 because it was like something like nineteen and change, if 0:01:31.040 --> 0:01:34.039 I remember correctly, nineteen We just we. 0:01:33.959 --> 0:01:34.560 Just wrapped up. 0:01:35.360 --> 0:01:37.880 You don't need bitcoin, you got bitcoin gainst from Amazon. 0:01:38.200 --> 0:01:40.200 I do, but I just I don't want to you know, 0:01:40.240 --> 0:01:42.119 I don't want to sleep. I've got two kids and 0:01:42.200 --> 0:01:45.119 I just want to make sure they're could you. 0:01:45.040 --> 0:01:49.200 Know binancer is a good option. I probably wouldn't touch 0:01:49.240 --> 0:01:51.400 it till it goes to forty six fifty six though 0:01:51.800 --> 0:01:55.040 it's too high. Okay, I will wait, but we need 0:01:55.080 --> 0:01:57.200 to get you. Can we Jennet get her information. I 0:01:57.200 --> 0:02:01.400 need to send you an award plaque for those who 0:02:01.440 --> 0:02:05.120 don't know show Builder go Google. I know, yeah, you 0:02:05.200 --> 0:02:08.040 are a seasoned veteran, but what are you comfortable saying? 0:02:08.080 --> 0:02:10.079 What percentage you're up in Amazon all time? 0:02:13.240 --> 0:02:15.760 Let's just have to you know, I'm gonna put myself up. 0:02:16.240 --> 0:02:19.720 I'm good. The kids are good. My kids kids are good. 0:02:19.800 --> 0:02:23.000 We're good, and I just, you know, I just want 0:02:23.000 --> 0:02:26.000 to be knowledgeable because you know, I come from the 0:02:26.040 --> 0:02:29.680 family of Nigerian and it's putting money in the bank. 0:02:30.440 --> 0:02:34.480 So we weren't taught making money work for you. So 0:02:34.639 --> 0:02:37.440 I'm coming out there, you know, making this money work 0:02:37.480 --> 0:02:41.880 for me. And when I showed my parents like buying houses, 0:02:42.200 --> 0:02:44.880 you know, I'm in Connecticut buying house is two three 0:02:44.960 --> 0:02:50.400 hundred thousand cash, no mortgages, and just again lend it 0:02:51.520 --> 0:02:52.359 work for itself. 0:02:53.080 --> 0:02:53.280 You know. 0:02:55.720 --> 0:02:56.280 Thank you. 0:02:56.120 --> 0:02:59.120 You are literally the message I've been preaching forever that. 0:02:59.280 --> 0:03:01.720 Free we don't now, We just we don't know. 0:03:01.800 --> 0:03:03.959 And it's unfortunate because as the black people, we don't 0:03:04.000 --> 0:03:06.359 know what we don't know, so we are our own 0:03:06.400 --> 0:03:07.560 worst enemy in a sense. 0:03:09.040 --> 0:03:11.720 Mary, you were saying six hundred, twelve hundred As far 0:03:11.760 --> 0:03:14.000 as what is that much coins you want to buy? 0:03:14.040 --> 0:03:14.840 What are we talking? 0:03:15.600 --> 0:03:17.919 The funny I wanted to put towards it like I'm 0:03:18.360 --> 0:03:21.519 I'm definitely you know, I feel like I feel confident 0:03:21.520 --> 0:03:24.760 in my stocks, but again with bitcoins, I'm still trying 0:03:24.760 --> 0:03:27.399 to learn it. So twelve hundred is it's I don't 0:03:27.400 --> 0:03:28.760 want to say trump change. 0:03:28.520 --> 0:03:31.519 But two hundred dollars not two hundred coins. I'm like, 0:03:34.120 --> 0:03:37.040 wait our valad doorboards seven hundred Bitcoin's like she's not 0:03:37.640 --> 0:03:39.680 buy never one hundred. 0:03:39.800 --> 0:03:42.360 Said she's good, So like we never know, we never know. 0:03:42.400 --> 0:03:46.320 Shout no, you definitely know, bro, Yeah to twelve hundred 0:03:46.480 --> 0:03:48.640 is a good investment holder. For three or four years. 0:03:48.960 --> 0:03:51.160 We will be related treated the same way as any 0:03:52.440 --> 0:03:57.080 top ten company on nastac. It moves the same rate 0:03:57.120 --> 0:04:01.720 of speed to volatility is almost equivalent. You'll be good. 0:04:02.400 --> 0:04:04.560 So my money guy's talking me out of it, and 0:04:04.600 --> 0:04:08.920 he's like, no, you're fine right now, Like, well why not, no, no, no, rebe. 0:04:08.680 --> 0:04:12.080 Twelve hundred won't hurt your lifestyle, And that's that's what 0:04:12.120 --> 0:04:12.480 I said. 0:04:12.480 --> 0:04:15.160 And I'm a very like I'll split a penny four ways, 0:04:16.360 --> 0:04:16.599 you know. 0:04:17.200 --> 0:04:21.039 Yeah, you're good for sure, Yeah, I al way for 0:04:21.080 --> 0:04:22.919 the forty thousand market, you'll be good. But I have 0:04:22.960 --> 0:04:25.640 to get you to work. Thank you for apprecing this, 0:04:25.800 --> 0:04:28.560 and especially for a woman. Can you tell the women 0:04:28.640 --> 0:04:31.080 how important it is and how much better it's made 0:04:31.080 --> 0:04:31.680 your life by. 0:04:31.600 --> 0:04:35.599 Investment ladies, sisters, I can't even I'm gonna make you, 0:04:35.600 --> 0:04:37.880 guys sad for a moment, but I think I really 0:04:37.960 --> 0:04:38.919 need to put it out there. 0:04:39.320 --> 0:04:40.360 My husband passed. 0:04:40.080 --> 0:04:46.080 Away one year ago, battling new gags disease and his passing. 0:04:46.680 --> 0:04:50.520 We're okay, and even before that, I was okay as 0:04:50.520 --> 0:04:54.120 a female, and I think we are so still stuck 0:04:54.160 --> 0:04:57.640 in this momentum of you need a partner, you know, 0:04:57.680 --> 0:05:00.680 because money is about men and it's really not that. 0:05:01.160 --> 0:05:03.120 You know, you have to be able to stand. 0:05:02.839 --> 0:05:06.200 On your own, and there's nothing wrong with standing on 0:05:06.240 --> 0:05:09.360 your own and knowing what money is, understanding how it works, 0:05:09.520 --> 0:05:11.320 what is it, what is the value of it. You 0:05:11.360 --> 0:05:13.760 don't have to wear it, but know it, understand it, 0:05:13.839 --> 0:05:14.640 make it work for you. 0:05:17.000 --> 0:05:17.719 That's incredible. 0:05:18.240 --> 0:05:19.200 I want to meet Mary. 0:05:19.800 --> 0:05:20.520 Yeah, we have to. 0:05:20.920 --> 0:05:23.040 There's something about Mary. We got to meet her. Oh 0:05:23.120 --> 0:05:28.920 my god, Yeah we got We've got to get here 0:05:29.000 --> 0:05:29.560 to Houston. 0:05:30.560 --> 0:05:34.320 Look of this out. Yes, yes, Yes to you and 0:05:34.360 --> 0:05:34.800 the family. 0:05:35.279 --> 0:05:37.640 Thank you, thank you, Thank you for the info. 0:05:37.760 --> 0:05:38.039 Guys. 0:05:38.080 --> 0:05:39.360 I'm definitely gonna lean that way. 0:05:39.800 --> 0:05:40.720 Thank you, Mary, thank you. 0:05:40.760 --> 0:05:41.680 I appreciate it. 0:05:44.200 --> 0:05:47.240 Since ninety nine, Like, let's take a moment and let 0:05:47.240 --> 0:05:51.000 that breathe. I was looking at the chart, Blake. So 0:05:51.160 --> 0:05:53.960 everybody put in chat long term and that's is the way. 0:05:54.800 --> 0:05:58.680 There's no trader that has on paper and with real 0:05:58.720 --> 0:06:04.000 money that is outperformed. That number of return long term 0:06:04.080 --> 0:06:05.400 is a way. Go ahead. 0:06:07.320 --> 0:06:09.720 All right, let's go to another lady here, Denise. 0:06:10.320 --> 0:06:20.080 So please, oh Denise, No, it's been so long since 0:06:20.120 --> 0:06:22.159 it's been a Frisbrank YouTube. 0:06:22.240 --> 0:06:25.680 Let's get back to eight thousand. What was going on? 0:06:26.120 --> 0:06:29.200 They was talking crazy about you, but I was just saying, She's, well. 0:06:30.240 --> 0:06:32.599 Hey, guys, I'm happy to be on here to talk 0:06:32.600 --> 0:06:35.119 to you guys tonight. I have a quick question about 0:06:35.800 --> 0:06:39.560 I just recently stopped working, So I have a four 0:06:39.640 --> 0:06:41.880 oh one K that's like two hundred and fifty thousand, 0:06:42.880 --> 0:06:45.800 and I'm a little bit afraid of like what's going 0:06:45.839 --> 0:06:49.200 to happen with the market coming with the recession, so 0:06:49.560 --> 0:06:51.280 I know I need to switch it over to an IRA. 0:06:52.440 --> 0:06:55.359 I also have some stocks, so I'm just kind of 0:06:55.400 --> 0:07:01.080 in that mode of not really knowing what to allocate 0:07:01.120 --> 0:07:01.640 everything in. 0:07:02.920 --> 0:07:08.919 So first, yeah, as far as the question of rolling 0:07:08.920 --> 0:07:11.800 over to the IRA, it's definitely always a good I'll 0:07:11.840 --> 0:07:13.960 just start off with this is the reason why it's 0:07:13.960 --> 0:07:15.560 a good idea to roll over a four one K 0:07:15.640 --> 0:07:17.600 into an IRA. Is that when you leave your job, 0:07:18.080 --> 0:07:19.640 your full one K is kind of frozen in the 0:07:19.640 --> 0:07:21.520 sense is not frozen where it's not growing, it's still 0:07:21.560 --> 0:07:24.440 growing whatever however it's invested, but it's frozen. Whereas you 0:07:24.440 --> 0:07:27.520 can't add money to it, you're kind of stuck. You're 0:07:27.680 --> 0:07:30.760 stuck with the investment options that are provided for you 0:07:30.800 --> 0:07:32.600 by the four one K. So full one K usually 0:07:32.600 --> 0:07:35.320 has like a menu of like let's say ten or 0:07:35.600 --> 0:07:38.800 twelve different investment options that you get to pick and 0:07:38.840 --> 0:07:41.040 choose from. Like let's say Fidelity manages the fund, they'll 0:07:41.040 --> 0:07:43.240 give you like fifteen different options to choose from. So 0:07:43.600 --> 0:07:45.520 you can't just invest in anything you want. You have 0:07:45.560 --> 0:07:47.560 to invest in what is given to you in the 0:07:47.560 --> 0:07:50.720 four one K. You really can't get investment advice on it, 0:07:50.800 --> 0:07:52.560 like legally, if you call a one one hundred number, 0:07:52.600 --> 0:07:55.200 they can't actually like give you advice over the phone. 0:07:55.800 --> 0:07:57.640 Most of the time people don't have a relationship with 0:07:57.680 --> 0:07:59.880 the advisor that have done that did their full when 0:08:00.080 --> 0:08:03.040 K when they're no longer with the job. You can't 0:08:03.040 --> 0:08:05.800 borrow from it when you're no longer working, So there's 0:08:05.800 --> 0:08:09.679 not really a lot of advantages of keeping an old 0:08:09.800 --> 0:08:12.520 fall one k at the fall one k. So that's 0:08:12.600 --> 0:08:14.880 that's the reason why you roll into an IRA, because 0:08:15.120 --> 0:08:17.640 now when you roll into an IRA, you can invest 0:08:17.640 --> 0:08:20.480 in anything that you want. You can put money into 0:08:20.520 --> 0:08:23.840 the IRA over the course of time. It serves as 0:08:23.840 --> 0:08:25.440 a central hub. So if you have a couple of 0:08:25.480 --> 0:08:27.800 old fall one k's, it kind of gets hard to manage, 0:08:27.800 --> 0:08:30.200 so you can roll it all into one central IRA. 0:08:31.320 --> 0:08:34.360 So these are all the benefits of actually doing the IRA, 0:08:34.880 --> 0:08:37.880 first and foremost. Second of all, I believe she said 0:08:38.080 --> 0:08:38.880 what to invest in? 0:08:39.040 --> 0:08:39.240 Right? 0:08:39.440 --> 0:08:41.559 Was that a question part of it? What's talk to you? 0:08:42.640 --> 0:08:46.839 So with the retirement you know you said you want 0:08:46.880 --> 0:08:49.080 you interested in what to invest in the four one k? 0:08:49.200 --> 0:08:49.360 Right? 0:08:51.480 --> 0:08:51.880 Correct? 0:08:53.360 --> 0:08:54.120 Yeah, So with the. 0:08:54.080 --> 0:08:56.360 Retirement account, you know, me personally, I like to be 0:08:56.360 --> 0:08:57.480 a little bit more conservative. 0:08:58.679 --> 0:09:00.959 This episode is brought to you by P and C Bank. 0:09:01.320 --> 0:09:04.080 A lot of people think podcasts about work are boring, 0:09:04.320 --> 0:09:08.160 and sure they definitely can be, but understanding a professional's 0:09:08.240 --> 0:09:11.480 routine shows us how they achieve their success little by little, 0:09:11.840 --> 0:09:15.520 day after day. 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Terms and conditions apply. 0:11:44.800 --> 0:11:47.000 Hiring indeed is all you need. 0:11:47.559 --> 0:11:49.599 I wouldn't necessarily take a lot of risk from my 0:11:49.679 --> 0:11:53.280 retirement account. So we talk about, you know, a lot 0:11:53.280 --> 0:11:56.560 of great ETFs. You know, Ian always talks about v 0:11:56.640 --> 0:12:00.720 oo vt i QQQ is one one of my personal 0:12:00.760 --> 0:12:04.160 favorite ones. You know, you have the xlks of the 0:12:04.160 --> 0:12:07.720 world spy, which is the S and P five hundred. 0:12:08.800 --> 0:12:11.760 So you know, I would go more on the index 0:12:11.880 --> 0:12:15.920 ETF route. I feel like that'll be something that you 0:12:15.920 --> 0:12:18.760 can sleep wealth at night knowing that you're investing in 0:12:18.800 --> 0:12:20.840 you know, twenty of the top companies in the world, 0:12:21.280 --> 0:12:23.760 and you know, not necessarily putting it in one company 0:12:24.160 --> 0:12:28.920 and with the IRA. Also, it's important to keep in 0:12:29.000 --> 0:12:31.320 mind that it's also a long term play even when 0:12:31.360 --> 0:12:33.880 you're in retirement. Retirement is just the beginning part of it. 0:12:33.920 --> 0:12:37.440 So it's like most people. You know, it's crazy because 0:12:37.440 --> 0:12:40.480 you talk about Mount Everest, and most people die on 0:12:40.559 --> 0:12:43.800 Mount Everest coming down the mountain, not coming up the mountain. 0:12:43.880 --> 0:12:46.400 Reason being is that everybody has a plan getting up 0:12:46.440 --> 0:12:48.000 the mountain, but nobody ever really. 0:12:47.880 --> 0:12:49.439 Considers how they're going to get down the mountain. 0:12:50.600 --> 0:12:52.240 So retirement is the same way I look at it 0:12:52.280 --> 0:12:54.000 like the day you retire, it's like the top of 0:12:54.000 --> 0:12:56.560 the mountain, but that's only half the battle. Now you 0:12:56.559 --> 0:12:58.800 actually have to get down. So you know, you could 0:12:58.800 --> 0:13:02.000 live another twenty thirty years in retirement. So the money 0:13:02.000 --> 0:13:04.280 still has to actually work for you. You just can't have 0:13:04.320 --> 0:13:07.959 it in a conservative bond account when you retire because 0:13:08.000 --> 0:13:09.959 you know, when you're taking money out, if it's not 0:13:10.080 --> 0:13:12.840 growing and you're taking too much money out, what's going 0:13:12.880 --> 0:13:14.400 to happen over the court of time is that you're 0:13:14.440 --> 0:13:16.360 going to actually run out of money. So that's why 0:13:16.400 --> 0:13:18.640 you still want to be invested in the stock market 0:13:19.160 --> 0:13:21.719 at all times at some level of exposure. Now you 0:13:21.800 --> 0:13:24.440 might you know, peel it back as you get you know, older, 0:13:24.960 --> 0:13:27.560 but all of those different funds that we just talked 0:13:27.559 --> 0:13:30.760 about b O, O, QQQ, sp Y, they all give 0:13:30.800 --> 0:13:34.720 you exposure to the stocks and you know it'll still 0:13:34.760 --> 0:13:36.800 have time to grow over the course of time. Even 0:13:36.840 --> 0:13:38.800 if it's out of all time high right now, ten 0:13:38.880 --> 0:13:40.720 years from now is not, it's going to be higher. 0:13:41.000 --> 0:13:43.520 Odds are the stock market is going to be higher 0:13:43.520 --> 0:13:44.320 than it is now. 0:13:44.920 --> 0:13:47.800 I want to say stop quantitative reason, which is very 0:13:48.400 --> 0:13:53.920 well what individual stocks are you in, curly? What stocks 0:13:53.920 --> 0:13:54.679 are you in currently? 0:13:58.160 --> 0:14:05.559 Oh? I have like twenty nine different stocks. 0:14:05.960 --> 0:14:10.520 I don't know if you guys here, Yeah, yeah, Roku was. 0:14:10.480 --> 0:14:18.520 One of them. Td OC to the third bank fc 0:14:22.480 --> 0:14:23.240 am I breaking up? 0:14:23.480 --> 0:14:27.560 No, we're here. So you said you were in Teledoc, Yeah. 0:14:27.440 --> 0:14:30.120 Tele Doc, which I know I should have exited, but 0:14:30.200 --> 0:14:30.840 I just was. 0:14:30.800 --> 0:14:33.280 Afraid because at one point I really had like a 0:14:33.760 --> 0:14:36.000 good thing going, and then a lot of my stocks 0:14:36.000 --> 0:14:38.440 have just kind of fallen off here lately. I think 0:14:38.480 --> 0:14:42.400 I have twenty nine different positions, so I've been trying 0:14:42.440 --> 0:14:44.800 to kind of figure out how to balance it without 0:14:44.840 --> 0:14:48.200 losing as much or losing what. 0:14:48.160 --> 0:14:49.680 Would be a great help if you've got the first 0:14:49.680 --> 0:14:51.720 scholarship tonight for Red Panda stock Club. 0:14:53.520 --> 0:14:54.760 I'm actually in stock club. 0:14:54.800 --> 0:14:59.760 I'm all we got to get that portfolio cleaned up tonight. Okay, 0:15:00.200 --> 0:15:02.600 for sure, So send me. Send me your list Ian 0:15:02.720 --> 0:15:05.200 at join Redpanda dot com. Send me all twenty nine. 0:15:05.200 --> 0:15:06.480 I'll tell you which ones to get rid of. We 0:15:06.520 --> 0:15:10.120 gotta get rid of fifth, third, Teledoc and what was 0:15:10.120 --> 0:15:17.160 the one you mentioned? Cool? Yeah, we gotta get rid 0:15:17.200 --> 0:15:17.640 of all those. 0:15:18.680 --> 0:15:23.680 Okay, thanks, okay to thank you, thank you. 0:15:23.680 --> 0:15:26.640 Can we just somebody's been spamming YouTube with the same 0:15:26.720 --> 0:15:29.960 question every minute? What are your thoughts on waste management? 0:15:30.160 --> 0:15:31.120 On waste management? 0:15:31.600 --> 0:15:33.400 And then let us block Since you want to spam, 0:15:33.440 --> 0:15:35.920 I'm gonna answer your question, but I want you guys 0:15:35.920 --> 0:15:41.000 to be kind. Listen, stop doing this. I know they're nice, 0:15:41.360 --> 0:15:43.840 I'm not Stop playing with me. Waste Manager is a 0:15:43.880 --> 0:15:47.920 great company. I appreciate you being here. Can we block them? 0:15:48.080 --> 0:15:50.320 Shout out to Michael Batnek who put out the first 0:15:50.360 --> 0:15:54.480 crypto index, but you wanted to tell him he didn't know. Okay, 0:15:56.440 --> 0:15:59.200 we gonna see who knows what when this crash happens. 0:15:59.760 --> 0:16:03.280 Now were check next year? Everybody was talking options. Come 0:16:03.320 --> 0:16:05.600 to the table. We're gonna have a big paperwork party 0:16:05.600 --> 0:16:08.160 next year. Listen to a shot twenty two bottles I 0:16:08.200 --> 0:16:08.520 got you. 0:16:08.560 --> 0:16:08.800 Listen. 0:16:08.960 --> 0:16:12.240 Listen when you see him pick up this microphone and 0:16:12.320 --> 0:16:17.200 it's not playing, stop playing with him, Stop playing with him. 0:16:17.400 --> 0:16:20.200 Next question, No, I'm not higher drunk. I am high 0:16:20.240 --> 0:16:22.800 off Jesus and Ally, I love y'all. 0:16:25.040 --> 0:16:25.440 How are you off? 0:16:25.480 --> 0:16:25.840 Ally? 0:16:26.280 --> 0:16:26.480 Oh? 0:16:26.600 --> 0:16:29.600 Let's get one more question, Janet, if we can please, all. 0:16:29.560 --> 0:16:30.480 Right, Jeremy, I mean. 0:16:33.360 --> 0:16:37.000 Hey, how y'all doing, Jeremy, my brother. 0:16:37.680 --> 0:16:41.680 Listen, listen, I was there yesterday with you, man. I 0:16:42.120 --> 0:16:46.200 heard you you speaking in the club yesterday. Man, powerful, powerful, 0:16:46.200 --> 0:16:48.040 powerful were coming to Oakland, by the way, just letting 0:16:48.040 --> 0:16:48.240 you know. 0:16:48.840 --> 0:16:50.720 I'm on the east Man, I've been on the east. 0:16:50.480 --> 0:16:52.800 Coast from Oh that's right, that's right, that's right, came 0:16:52.880 --> 0:16:55.880 this way. But dope, dope yesterday Man, listening to your testimonial. Man, 0:16:55.880 --> 0:16:56.400 that's powerful. 0:16:56.440 --> 0:16:59.480 Thank you for charity, that and another one. I'm just 0:16:59.480 --> 0:17:02.200 gonna give hours like I always do. Man, every one 0:17:02.240 --> 0:17:05.320 of our every one of our revolutionaries, every one of 0:17:05.359 --> 0:17:07.760 our civil rights leaders have been speaking about wealth, and 0:17:07.800 --> 0:17:10.200 it has to it's tight in with my question. And 0:17:10.240 --> 0:17:13.840 they've been speaking about wealth and they literally looking down 0:17:13.880 --> 0:17:18.240 on each one of your spirits and thankful, thank god 0:17:18.320 --> 0:17:21.000 y'all came into most of our lives. Man, that's the truth. 0:17:21.400 --> 0:17:24.360 But my question really is circling around, like, all right, 0:17:24.720 --> 0:17:27.199 what are the next steps after wealth is created? And 0:17:27.240 --> 0:17:29.159 you guys alluded to a little bit of it tonight, 0:17:29.320 --> 0:17:35.639 like talking to group economics, group politics, Like what is 0:17:35.680 --> 0:17:39.120 the next step after wealth's created? How do we start 0:17:39.119 --> 0:17:40.840 to focus as a culture on. 0:17:40.840 --> 0:17:43.960 Group economics and community building, and then do you have 0:17:44.000 --> 0:17:48.119 a vision that helps us build unity that takes us 0:17:48.160 --> 0:17:50.960 away from the individualism and the separation that is killing 0:17:50.960 --> 0:17:51.600 our community. 0:17:51.920 --> 0:17:55.480 I like, somebody just asked me this question, and in Miami, 0:17:55.600 --> 0:17:58.800 that's crazy. That's a great question. And I feel like 0:17:58.840 --> 0:18:03.639 there's different steps to you know, the process, and the 0:18:03.680 --> 0:18:05.760 first step is, you know, taking care of yourself and 0:18:05.760 --> 0:18:10.320 taking care of your family and creating strong individuals. And 0:18:10.320 --> 0:18:12.680 then when you have enough strong individuals, now you can 0:18:12.720 --> 0:18:15.399 create a strong community. Group economics definitely has to be 0:18:15.440 --> 0:18:18.399 part of the conversation, not just on like just a 0:18:19.040 --> 0:18:22.159 you know, fluff conversation group economics, Like what does that 0:18:22.200 --> 0:18:26.680 really mean? Right, Like actually having real group economics where 0:18:26.720 --> 0:18:29.879 it's like we can actually have you know, funds, and 0:18:29.880 --> 0:18:32.000 we can actually have banks, and we can actually have 0:18:32.080 --> 0:18:36.000 institutions and things trade, yeah, publicly traded companies, things that nature. 0:18:36.000 --> 0:18:41.560 So group economics definitely has to be part of the situation. Politics. 0:18:42.040 --> 0:18:45.240 Politics definitely has to be part of the situation. Understanding 0:18:45.280 --> 0:18:52.280 politics becoming more politically mature, not just voting out of emotions. 0:18:52.880 --> 0:18:54.240 You know, I feel like a lot of times, like 0:18:54.280 --> 0:18:56.359 we do stuff out of emotions. We're very emotional a 0:18:56.400 --> 0:18:59.120 lot of times, and it's like, you know, politicians use 0:18:59.200 --> 0:19:02.560 that against the so you know, you can't you can't 0:19:02.600 --> 0:19:06.439 be emotional in politics because there's no emotions in politics. 0:19:06.880 --> 0:19:09.280 So that's something that we really have to come to 0:19:09.320 --> 0:19:12.800 the table and then honest the next the next step 0:19:12.840 --> 0:19:17.440 after that is a global conversation and really having global 0:19:17.480 --> 0:19:21.320 conversations and building you know, global summits and really connecting 0:19:21.359 --> 0:19:22.879 the dots. That's why, you know, you see us go 0:19:22.920 --> 0:19:25.080 to Jamaica, you see us go to Egypt, you see 0:19:25.119 --> 0:19:27.879 us go to Nigeria. You know, you see us talking 0:19:27.920 --> 0:19:30.359 to Shine, who's you know, probably going to be the 0:19:30.400 --> 0:19:33.000 prime Minister of Belize one day. It's not just we're 0:19:33.000 --> 0:19:34.920 not just doing this just for no reason, Like we 0:19:35.000 --> 0:19:39.399 personally want to establish relationships, learn educate ourselves because we 0:19:39.520 --> 0:19:42.080 understand that, you know, the world is big. It's much 0:19:42.119 --> 0:19:45.520 bigger than just the United States of America. So as 0:19:45.560 --> 0:19:49.080 a community, you know, we we have to understand that, 0:19:49.240 --> 0:19:55.040 get past trivial differences that we have because ultimately we're 0:19:55.040 --> 0:19:58.159 stronger together. And if you look at like the G 0:19:58.280 --> 0:20:00.920 eight summit or the G twenty summing, you know, every 0:20:01.600 --> 0:20:04.159 country doesn't get along. Russia and America don't have to 0:20:04.160 --> 0:20:06.119 get along and sit down and have a conversation, and 0:20:06.119 --> 0:20:10.200 they still work on stuff because ultimately, you know, what's 0:20:10.320 --> 0:20:13.040 good for the goose is good for the gander. So 0:20:14.560 --> 0:20:17.080 I think, oh, that's kind of a long answer because 0:20:17.119 --> 0:20:19.640 it's it's not just a short solution. But I feel 0:20:19.640 --> 0:20:21.800