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Speaker 1: Wait that ass up in the morning Breakfast Club Morning,

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Speaker 1: everybody is DJ Envy, Angela Yee, Charlomagne the guy. We

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Speaker 1: are the Breakfast Club. We got some special guest joining

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Speaker 1: us today. We got Rashard and Troy in the building.

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Speaker 1: Matt the mortgage guy was going, guys, still cool that Lesia. Now,

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Speaker 1: I thought, I thought this whole everybody together. You know

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Speaker 1: he's from Jersey. Now every time nobody in the industry

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Speaker 1: or anybody that needs to I was kidding, I'm the

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Speaker 1: same all the time I speak to that morning. We

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Speaker 1: just yesterday my daughter's buying a condo in the city

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Speaker 1: and Matt's actually doing it. But honestly, Matt has helped

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Speaker 1: a lot of people in his industry be seeing his

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Speaker 1: activists are actors, actresses, a lot of people. Not for

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Speaker 1: people that don't know like he's doing. He's the go

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Speaker 1: to person for getting their mortgage. So if there's something wrong,

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Speaker 1: well there's a key that they don't have. A lot

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Speaker 1: of banks won't take people, but he's able to help

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Speaker 1: people fix their stuff so he can actually get them loan.

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Speaker 1: So I always call Matt first, what's the sauce? Matt

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Speaker 1: tell him, what's the sauce. Yeah, the sauce is just

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Speaker 1: being true and honest, you know what I'm saying, and

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Speaker 1: moving that silence, Like he says a lot of people

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Speaker 1: I help, but you don't see it on my ground,

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Speaker 1: you know. I think that's first and foremost. You know,

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Speaker 1: I'm not out here to spread to anybody's business or

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Speaker 1: anything like that. My first and foremost goal is to

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Speaker 1: help people achieve their real estate goals and being their

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Speaker 1: goal to sauce because real estate wasn't taught in our

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Speaker 1: community is growing up. Half of the people that we

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Speaker 1: are follow and we buy their music and things of

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Speaker 1: that nature. When we're really speaking, they have they have

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Speaker 1: no clue about real estate and financing at that. So

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Speaker 1: I just want to be able to provide that information,

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Speaker 1: give them the real information, and ultimately helped them get

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Speaker 1: to the closing table and that's going to help them

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Speaker 1: build well. So the sauce for me is just being

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Speaker 1: honest and open, you know what I mean, and be connected.

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Speaker 1: A couple of years ago and I told him like

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Speaker 1: I didn't even want to speak at the seminar. They'll

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Speaker 1: tell you like I told them no several times, like

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Speaker 1: I just want to be at the table and talk

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Speaker 1: to the people, and he kind of forced me to speak,

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Speaker 1: and I'm glad he did because now you know, I'm

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Speaker 1: on a breakfast club four times now because of him

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Speaker 1: forcing me and me stepping outside of my confidence zone.

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Speaker 1: Only for Matt one time twice was counting, you know,

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Speaker 1: because I was fired twice. What happened with Matt was,

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Speaker 1: you know when when the whole thing took off, when

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Speaker 1: we started doing the seminar is it helped a lot

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Speaker 1: of people in their business. It helped the credit. Dude,

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Speaker 1: those ain't help Matt. And Matt posted one time that

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Speaker 1: he was getting too many people. He was like it

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Speaker 1: was like, I think like June and he was like,

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Speaker 1: I remember, I'm just putting up this text. He was like,

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Speaker 1: I can't talk to nobody into January, so advice, I'll

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Speaker 1: talk to you in January. Yeah, this is seven eight

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Speaker 1: months and I'm like, bro, what are you doing? I'm

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Speaker 1: like this play for you wore this type of business,

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Speaker 1: and now you're shutting people off. So I cursed them

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Speaker 1: out and I was like, he was like, what am

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Speaker 1: I doing? I'm only person. I said, hire people. That's

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Speaker 1: what business is about. Find the right people and hire

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Speaker 1: people and we yet Yeah, you know, because I look

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Speaker 1: at it like a therapist kind of, right, like when

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Speaker 1: the therapists can't take on more clients, they just can't

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Speaker 1: take on more clients. Yeah. Look, you're only one person.

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Speaker 1: And my business wasn't built for social media. My business

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Speaker 1: was built I've been doing mortgages for twenty years. It

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Speaker 1: was built for real estate agents and my book of business.

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Speaker 1: So you don't need ten people on your staff to

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Speaker 1: kind of handle that business. Now when you get into

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Speaker 1: social media. I remember one of the first times I

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Speaker 1: spoke the envy. He said, once I tag you, I

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Speaker 1: hope you write it because your life is going to

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Speaker 1: change forever. I didn't know what the hell he was

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Speaker 1: talking about at that time, and when I said back

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Speaker 1: in the pub and was right, because my dams and

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Speaker 1: everything were just started going crazy. How it's going on.

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Speaker 1: So you get overwhelmed, like it's natural as a business

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Speaker 1: person when you step into something new, you don't you're

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Speaker 1: not trained for this stuff, right, No one trained you

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Speaker 1: to be a social media influencer and to answer a

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Speaker 1: thousand questions. It's like, damn, what the hell? But our community,

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Speaker 1: You've never had anybody that looked like us that did it.

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Speaker 1: So I knew once you were able to help people

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Speaker 1: people have they only have very few people they can

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Speaker 1: flop to and ask questions too. And somebody that's good

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Speaker 1: and not gonna charge them they got a question, You're

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Speaker 1: gonna charge them ten thousand for a question. No, that

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Speaker 1: that's your job. You want to get people loans, that's

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Speaker 1: part of what you do. And I knew that was

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Speaker 1: gonna happen. So when you put I'll talk to you

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Speaker 1: eight months, I'm like nine, you need to, you know,

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Speaker 1: reevaluate your company and hire more people and figure it out.

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Speaker 1: And you did. And that's what was the second fight.

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Speaker 1: The second fight, Um, what was the second fight? There

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Speaker 1: was no contact. I really was kidding. He was procuring

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Speaker 1: me to step into my greatness, right, like, don't back

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Speaker 1: away from what you prayed for. Like he just said,

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Speaker 1: to be careful what you pray for in life, because

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Speaker 1: it will come to you, not on your time, but

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Speaker 1: in God's time. And at that time I didn't realize, like, yo,

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Speaker 1: this is what I was praying for. But sometimes you

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Speaker 1: need them. You need a vessel, you need a voice

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Speaker 1: to be able to tell that to you. And then

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Speaker 1: when I sat back and thought about it. Literally two

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Speaker 1: days later, I said, you know what broke? You're right,

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Speaker 1: I said, I got to expand. And I think as

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Speaker 1: business owners sometimes one of the biggest mistakes that any

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Speaker 1: business owner make, no matter what filled you in, we

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Speaker 1: kind of want to still be mom and pop and

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Speaker 1: want to hold onto everything and not delegate because we're

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Speaker 1: afraid of investing into ourselves. And you have to take

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Speaker 1: that risky invest into yourself, invest into your business to

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Speaker 1: expand a scale and let loose and um delegate at

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Speaker 1: a high level. So for me, that's what I had

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Speaker 1: to learn, and that was a lesson that was taught.

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Speaker 1: And now you know it's took taken off and you

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Speaker 1: know we're here now and that brings us right to invest.

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Speaker 1: Vesty the biggest y'all got Tyler Perry on how that

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Speaker 1: shout out to Steve Harvey for making that man. Steve

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Speaker 1: loves y'all. I was having lunch with Steve one day, man,

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Speaker 1: and it was like right after y'all did the first

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Speaker 1: interview with him, and like literally all he was was

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Speaker 1: talking about was earning It was earning your lead. Like

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Speaker 1: literally he's he's he's one of these people that honestly

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Speaker 1: like everything that you you think somebody would be, he

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Speaker 1: is that person and more like what I'm saying, like

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Speaker 1: funny down the Earth street dude. Like so most people

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Speaker 1: don't know this, but it was a Black Effect connection.

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Speaker 1: So shout out to Black Effect because the first person

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Speaker 1: that is in contact with was Nicole Spence and the

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Speaker 1: cod hit me last summer like, Hey, this is this

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Speaker 1: is an interview out there that I might be able

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Speaker 1: to get for y'all if you're interested. And I'm like,

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Speaker 1: who is it? She said? Steve Hardy like what do

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Speaker 1: you mean? If I'm interested? Of course we're gonna do it.

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Speaker 1: It won't take it, of course, And so that led

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Speaker 1: to us meeting to Bed Stevens. Shout out to Bed,

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Speaker 1: who's the plug? Want to see Harvey's right hand businessman,

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Speaker 1: And so that led to the relationship. But had we

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Speaker 1: not having a code from Black Effect, you know, we

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Speaker 1: probably don't even need me, Harvey, because it did. You're

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Speaker 1: making connections. Know what invest Fest is? Break down what

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Speaker 1: invest Fest is, when it is and what can people

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Speaker 1: get out of it? Yeah, so invest Fest, you know

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Speaker 1: you always hear about these music festivals all the time.

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Speaker 1: Coachella made an America Roots Picnic, and you know, just

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Speaker 1: thinking last year, we was like brainstorming and I'm like,

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Speaker 1: all right, let's not do a conference, let's not do

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Speaker 1: a seminar, Let's do a festival and like what do

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Speaker 1: you mean? And I'm like a financial literacy festival, Like

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Speaker 1: what do you mean? It doesn't even make sense. I'm

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Speaker 1: like why not? And they're like, WHOA, that doesn't happen.

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Speaker 1: I'm like, WHOA, who's to say it can't happen. So

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Speaker 1: I'm like, all right, now, let's reverse engineer it. So

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Speaker 1: let's take the best things that festivals have, food trucks,

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Speaker 1: food experiences. We added that musical performances, we added that

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Speaker 1: a VIP like exclusive situation, we added that live podcast,

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Speaker 1: and but all blended together with education, business, and finance.

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Speaker 1: So last year was the first year in Atlanta. We

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Speaker 1: have four thousand people, and this year we scaled up

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Speaker 1: and we're looking at like eleven thousand people in Atlanta

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Speaker 1: over three day weekend. So it's for us, it's all

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Speaker 1: about just stepping out of the realm of what's normal,

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Speaker 1: and everything that we do has really never been done,

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Speaker 1: so we get to make history every single time we

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Speaker 1: do anything. So it's like, you know, of course we

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Speaker 1: got Charlomagne and God's gonna be there, dj Envy, his partner,

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Speaker 1: Caesar our Gout, nineteen Keys, Ian Dune, Lad Wall Street,

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Speaker 1: Trapper Matt. But we also have people like Dan Cathy,

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Speaker 1: who not a lot of people know, but he's a

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Speaker 1: former CEO of Chick fil A. He's worth seven billion dollars,

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Speaker 1: Like that's not normal to have somebody like on Sunday

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Speaker 1: on Sunday, Sunday Sunday him on Sunday Billionaire Day. Eric

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Speaker 1: Thomas is one of the top motivational speakers ever. We

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Speaker 1: got my brother Terrence Jay Kenny Brown and then you know,

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Speaker 1: we just wanted to just take it over the top.

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Speaker 1: I was always taught when you up our thirty points,

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Speaker 1: win by fifty. So it's like Tyler Perry had to

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Speaker 1: drop that bomb, Like when's the last time you ever

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Speaker 1: heard him speak publicly or speak about business. And this

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Speaker 1: is the guy that got a landing strip literally at

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Speaker 1: his house three hundred and thirty acres, He built his

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Speaker 1: own Hollywood in Atlanta. So I mean, it's gonna be

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Speaker 1: an experience like none other. And you know, for us,

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Speaker 1: it's just automatically just going bigger and bigger and bigger

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Speaker 1: every single time. It's like, you know, to take it

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Speaker 1: to places that nobody could even imagine, like you know,

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Speaker 1: and then like the Vendor Marketplace, we have two hundred

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Speaker 1: and eighty five vendors to kind of like how Essence Fest.

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Speaker 1: So when you go there, you're gonna have a DJ,

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Speaker 1: you're gonna have vendors, small businesses. So you know, we

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Speaker 1: talk about Groupeck and im mix like we really live it,

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Speaker 1: like it's not just the thing. So we put up

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Speaker 1: our own money. We funded it ourselves. You know, got

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Speaker 1: the venue, we booked everything ourselves, Like this is us,

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Speaker 1: like you know, so it's like everything Jim shout out

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Speaker 1: to Jim Jones. He came last year and he was like, yeah,

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Speaker 1: this is like real black excellence. He's like everybody talk

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Speaker 1: about black excellence. This is real Black exens Like this

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Speaker 1: is dope. Just to see it in person because he

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Speaker 1: always see these and like shout out to envy. He'd

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Speaker 1: do his events by himself. But a lot of these

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Speaker 1: events and it's no disrespect, but it's it's major corporations,

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Speaker 1: live nations pointing together and they just put the artist's

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Speaker 1: name on it, but it's not the artists don't really

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Speaker 1: have no idea what's going on with the business back

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Speaker 1: in Live Nation is running it. But for us, everything

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Speaker 1: that we do with independent. Shout out to Dame Dash

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Speaker 1: he will be there, shouts one brother Dames. So everything

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Speaker 1: we do is independent. So it's like we can't just

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Speaker 1: talk about something, we actually got to be about it. Yeah, Hey,

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Speaker 1: I mention Ross Ross. Thank you for mentioning that. Shout

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Speaker 1: to my brother Ross. Yeah. And another thing is is

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Speaker 1: that we want to be very intentional, right, like obviously

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Speaker 1: Sells greenbergs here, we want to be very intentional about

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Speaker 1: making sure that everybody was being celebrated. Like when we

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Speaker 1: thought about the name, me Charlie was going back and forth,

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Speaker 1: mat was going back forth, Mike. We were coming up

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Speaker 1: with the name, and we didn't want to have Earniellegia

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Speaker 1: in part of it, right, Like we knew that obviously

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Speaker 1: people don't knew that we were putting it together, but

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Speaker 1: it wasn't about us. It was about bringing a community

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Speaker 1: together and highlighting so much talent and so like when

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Speaker 1: we see Coachella, we really don't know who the CEO is.

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Speaker 1: If we don't look it up. We know Jay does

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Speaker 1: Made in America, but his name ain't on the bill, right.

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Speaker 1: Roots picnics say like we've seen them do it, but

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Speaker 1: like who's the business behind it? So we wanted to

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Speaker 1: make sure that everybody gets celebrated. So invest Fest is

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Speaker 1: now becoming the place where it's like, if you have

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Speaker 1: a business, you have to be there. If you're entertainer,

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Speaker 1: you need to be there, right, If you have a

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Speaker 1: tech startup you should be in the building. Right, Like

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Speaker 1: we said, we got three billionaires on Sunday, Like, where

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Speaker 1: do you see? That's crazy? And so it becomes a

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Speaker 1: place that you have to be kind of like how

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Speaker 1: essence Fest was and still is. We want to do

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Speaker 1: that for business. I want to ask you all the

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Speaker 1: questions because you know, uh, you know, Gilly the kid

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Speaker 1: was had some things to say about Ross and he

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Speaker 1: said something like he was like, why would you buy

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Speaker 1: a cow? Now I'm from the country, so I understand

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Speaker 1: invested in a livestock. Could you could y'all just explain

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Speaker 1: why that is a good investment. First sean to a

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Speaker 1: million dollars for game Gilly and White guys and shout

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Speaker 1: out to Ross with friends both with with new True

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Speaker 1: in that situation. But I think he was a little

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Speaker 1: misguided in the statement because one of my friends, Walstreet

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Speaker 1: Trapper actually was was intricate in show to Kiana watching

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Speaker 1: her husband and getting it was actually a bull um.

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Speaker 1: But it's a misguided statement because you know, Rick Ross,

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Speaker 1: he has a hundred of some acres and agriculture is

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Speaker 1: real big and it's something that we don't we don't

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Speaker 1: really fully understand or appreciating our community. And it's like

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Speaker 1: we always we're consumers a lot of times, right, and

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Speaker 1: we eat food. Everybody eats food, but we never think

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Speaker 1: about who was actually making money off of this, right.

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Speaker 1: So it's like when Jay Prince has like, you know,

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Speaker 1: a ranch and he has like hundreds of cows yea,

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Speaker 1: and hundreds of cows and making seven hundred thousand dollars

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Speaker 1: a year off off of hey, Like you know what

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Speaker 1: I'm saying, Like the things that especially you know, coming

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Speaker 1: up in urban environments to city like Philly and New York,

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Speaker 1: we never think of that, but that is something that

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Speaker 1: we need to get more into. So I actually applaud

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Speaker 1: Rick Ross for doing that and for showing it right

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Speaker 1: because you know, Ross is one of these people that

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Speaker 1: always shows loves to the entrepreneurs, the young entrepreneurs like us,

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Speaker 1: Like he does a lot of stuff behind the scenes

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Speaker 1: and shows a lot of love and it's genuine. So

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Speaker 1: I think that that was a learning opportunity and hopefully

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Speaker 1: more people can actually, you know, take farming and agriculture

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Speaker 1: serious because we need more black farmers. Like you're from

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Speaker 1: South Carolina, you understand that, and you know there was

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Speaker 1: a point where there was a lot of black farmers

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Speaker 1: and not it's hardly any black farmers. And it's like,

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Speaker 1: you know even with Minneso of Aericans, like you can't

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Speaker 1: control your food, then that's like one of the most

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Speaker 1: essential things in life, right, So it's like we always

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Speaker 1: have diabetes, high blood pressure, all of that, but a

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Speaker 1: lot of that is is coming through the food that

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Speaker 1: we're eating. And a lot of the reason is that

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Speaker 1: we're not controlling the food. So we just are getting

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Speaker 1: foods with chemicals and you know that there's not slaughtering

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Speaker 1: the animals correctly. So Charter ross Man, I think I

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Speaker 1: think it was taken out of context. I mean because

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Speaker 1: when people see ross it's like one week you see

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Speaker 1: him doing the Jamaican stump and not he's in the

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Speaker 1: cows and it's like, nah, he's actually a great business

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Speaker 1: man and he has great people around him and advised

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Speaker 1: him as far as investments, telling you about it, but yeah,

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Speaker 1: that's a tax right off number one. But even from

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Speaker 1: an investment standpoint in the market, like we know that

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Speaker 1: a recession is here, we know that food price is arising,

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Speaker 1: Well we're gonna eat right, Like, that's one thing we're

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Speaker 1: gonna do. Third recession, So why wouldn't we invest in agriculture?

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Speaker 1: But if it matter, tell you this, if you have

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Speaker 1: agriculture on your property, your taxes probably go from two

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Speaker 1: hundred fifty thousand to five thousand, absolutely tax culture that

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Speaker 1: you have. So I'm sure with Ross's mind frame, that's

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Speaker 1: probably why. Absolutely, But look at the promising Look how

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Speaker 1: bigger is Like why wouldn't you have it there? You

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Speaker 1: know you have the space for it. And then you

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Speaker 1: get the tax benefit of being a business owner because

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Speaker 1: that's what the tax code is made for us instead

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Speaker 1: to help business owners and real estate investors, right, So

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Speaker 1: why not take full advantage of it? Because I'm about

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Speaker 1: to put some this is in my bag. Everything y'all say,

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Speaker 1: everything y'all saying this is true. On Glashaw touched on

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Speaker 1: the minister fiercon aspect of it, because with all of

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Speaker 1: these foods shortage is happening, You're gonna want to have

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Speaker 1: some livestock. You're gonna want to know how to grow

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Speaker 1: your own foods on your problem. So, yes, that's why

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Speaker 1: you buy a cow. So let me ask you a question.

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Speaker 1: There was I've seen a clip that you posted here

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Speaker 1: we go, this one that somebody who do you lip

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Speaker 1: service is a dangerous show. Okay, declared I just want

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Speaker 1: to say, okay, friend of the show. Yes. So we

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Speaker 1: were at BT weekend, BT at Words weekend for the

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Speaker 1: first time they had podcasts in the radio room. There

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Speaker 1: was four of us. They were sitting right next to

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Speaker 1: me next to lip Service, and I just want to say,

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Speaker 1: rash and joy I have always said they want to

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Speaker 1: do lip service. When are y'all gonna invite me on,

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Speaker 1: invite us on? We want to do it? And I

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Speaker 1: was like, you know, y'all show you want to do it.

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Speaker 1: Can you handle it? They said they can't handle it.

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Speaker 1: Cools told the truth, it's true, but his truth was

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Speaker 1: not accepted the way he anticipated, so he posted the

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Speaker 1: clip and took it down. It was about, you know,

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Speaker 1: I try to tie in relationships and finances. And I

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Speaker 1: was asking him, you know, if you go on a

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Speaker 1: first date, how much did you spend on a first date?

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Speaker 1: And how much did you say? Let me get a

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Speaker 1: full context of it. It's a big platform. So what

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Speaker 1: I was saying, is this right? First, they asked I

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Speaker 1: wasn't gonna bring this up if you alreadys starting a part.

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Speaker 1: They asked me what I'm doing personally in my life

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Speaker 1: at this point in time. So I never said this

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Speaker 1: is what all men should do. This is what you

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Speaker 1: have to do, This is the mandate that So I said,

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Speaker 1: you know, I think three hundred dollars is a reasonable

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Speaker 1: amount of money to spend on the first date. Now

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Speaker 1: keep into consideration. We're in New York City, right, It's

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Speaker 1: going to cause fifty dollars just to park your car.

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Speaker 1: You go to a restaurant like stk or Brooklyn, chopouts

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Speaker 1: or whatever. You get a couple of drinks, a couple

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Speaker 1: of martinis, you know, order meal advertiser, you're almost at

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Speaker 1: two hundred. Then you give a tip, and then you actually,

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Speaker 1: if the date's going good, you might go to the

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Speaker 1: hookah lounge a little later, you know what I'm saying.

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Speaker 1: So I don't think that I was like three to

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Speaker 1: five hundred, like that might sound like a lot. I

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Speaker 1: understand that it's sensitive times, it's a recession, but it's

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Speaker 1: also a reality, right, It's it's just the harsh reality

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Speaker 1: of life, like it's your reality. It's mariality. But then

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Speaker 1: I think it just kept going from there. Yeah, you know,

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Speaker 1: it's one of these things. Then he was like, well,

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Speaker 1: what about if she wants some shots? He was like,

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Speaker 1: sure's nineteen. You said, what about it if her friends? Now,

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Speaker 1: let me explain that. So let me explain that. So

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Speaker 1: that was the one that that triggered a lot of people.

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Speaker 1: So she said, she said, what if her friends come?

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Speaker 1: Do you pay for the friends? And I'm like, yeah,

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Speaker 1: so hey, I've never been on a day ever in

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Speaker 1: life where somebody's both their friends. So I don't think

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Speaker 1: it's not a one. What I was referred to, well,

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Speaker 1: what I was what I was referred to is that

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Speaker 1: if you out if you out right, and you know,

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Speaker 1: you might go to dinner whatever, and then it's like, right,

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Speaker 1: let's go to a club. I'm having a good time

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Speaker 1: to go to lounge. All right, you go to lounge,

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Speaker 1: her friends is at the lounge. It's like, yo' what

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Speaker 1: we're drinking. I'm I'm not gonna be the guy that's

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Speaker 1: like I need twenty dollars from you. I need fifteen

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Speaker 1: dollars from you. Know what I'm saying, always does pay

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Speaker 1: like side, like if you go out with them. I'm

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Speaker 1: trying to say that it's very nice. They don't have to,

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Speaker 1: but you know they rest in peace of Kevin Samuels.

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Speaker 1: Posted Vin Samuel down converence because there was nothing that

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Speaker 1: he could say because he's the godfather for that whole movement.

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Speaker 1: So when he was like, he was like, it's up.

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Speaker 1: It's us to up. It's us. It's up to us

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Speaker 1: men to do better resource before we take women on date.

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Speaker 1: So if you if you think a girl is a

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Speaker 1: date scammer, I didn't know there was a whole culture

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Speaker 1: sam dinner scammer, then that's your fault for getting scam

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Speaker 1: for dinner. Like you know what I'm saying, you should

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Speaker 1: already have done your research before you're taking a girl

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Speaker 1: out to eat dinner. Scammer. Who's going to dinner just

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Speaker 1: to eat you think it's hungry. Who could ye, I'm

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Speaker 1: trying to think a while people was mad because they

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Speaker 1: can't afford the three basically to be financial giving people.

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Speaker 1: But I'm glad you said that because that's a common

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Speaker 1: misconception where it's like, hey, they're like, yo, times have changed.

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Speaker 1: I was a financial advisable before this. Is that you

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Speaker 1: can hear it. We can hear it. Oh you can

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Speaker 1: hear that, thinking around like we're crazy. I was like

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Speaker 1: my phone financial. I was a financial advisable. So sometimes

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Speaker 1: people think like just because you get on the internet,

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Speaker 1: like you was homeless, Like now seriously, like I already

404
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Speaker 1: had money before this, like seriously, Like so it was

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Speaker 1: like my first car was was an Infinity, then it

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Speaker 1: was a BMW. Then it was gonna say you sure

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Speaker 1: I'm being honest. I can only I can only say

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Speaker 1: like what I'm gonna do lie to you. I'm being

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Speaker 1: honest with you, right, So it's like I already had

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Speaker 1: money before this, So I've been had three hundred dollars

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Speaker 1: dates before. No, I'm just I'm just being honest. So

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Speaker 1: it's like sometimes they look at it like they have

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Speaker 1: a perception of you, like, yo, you gotta be financially food.

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Speaker 1: That's why it was like movies with the Applebe's discount.

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Speaker 1: It was never that. But that's why it's assets over

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Speaker 1: liabilities because I was never I'm not an extreme person.

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Speaker 1: I always was in the fashion my whole entire life.

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Speaker 1: Like I always like like nice things my whole entire life. Yes,

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Speaker 1: so so I take like that, which crazy, but no,

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Speaker 1: but I think sometimes people I spoke to nineteen Keys

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Speaker 1: about that because he did he did the BT, and

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Speaker 1: people was in his comments like damn you sold because

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Speaker 1: you know, people look at him like black power, like

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Speaker 1: you sold ow you speaking to the enemy, like he's

425
00:21:15,440 --> 00:21:18,359
Speaker 1: speaking to artists like yeah, yeah, y'all put people in

426
00:21:18,359 --> 00:21:20,880
Speaker 1: a box and think like this is who they are,

427
00:21:21,000 --> 00:21:23,640
Speaker 1: Like no, that's not and then and then complain when

428
00:21:23,640 --> 00:21:26,439
Speaker 1: black people don't have proper representation, Well we don't have

429
00:21:26,440 --> 00:21:28,760
Speaker 1: proper representational people doing the nineteen Keys that, why are

430
00:21:28,760 --> 00:21:31,200
Speaker 1: you doing that? You sell them out? What do you want? Exactly?

431
00:21:31,240 --> 00:21:32,720
Speaker 1: So it's like, I think it's important for us to

432
00:21:32,720 --> 00:21:36,280
Speaker 1: just be ourselves and me, Troy Matt, we just regular

433
00:21:36,320 --> 00:21:40,160
Speaker 1: people like who at they wage? Exactly? That's all That's

434
00:21:40,160 --> 00:21:42,080
Speaker 1: what I get from all this this accurate wage. You know,

435
00:21:42,160 --> 00:21:45,080
Speaker 1: you don't gotta be extreme. The clip down it was fine.

436
00:21:46,840 --> 00:21:51,840
Speaker 1: It was good promotion for a lip service. When we

437
00:21:51,880 --> 00:21:53,159
Speaker 1: go on there, it's gonna be crazy. Now they got

438
00:21:53,200 --> 00:21:55,240
Speaker 1: advised to the leather count. Well, can't yeah, I can't

439
00:21:55,240 --> 00:21:59,800
Speaker 1: wait to you guys come on the count. Yes, can't wait.

440
00:21:59,840 --> 00:22:02,479
Speaker 1: Look afford to it going on? As well as far

441
00:22:02,520 --> 00:22:04,600
Speaker 1: as investment, I see interest rates going high, I seen

442
00:22:04,600 --> 00:22:08,800
Speaker 1: crypto down. What's going on? So why should people put

443
00:22:08,840 --> 00:22:10,480
Speaker 1: their money? Should they park? Should they wait with? What

444
00:22:10,720 --> 00:22:12,440
Speaker 1: do you'll suggest? Look, I think one of the best

445
00:22:12,440 --> 00:22:14,800
Speaker 1: investments of all time will always be real estate. But

446
00:22:15,240 --> 00:22:17,240
Speaker 1: you can't go wrong. You know, if the if the

447
00:22:17,320 --> 00:22:20,199
Speaker 1: stock market goes up down left or right, if the

448
00:22:20,280 --> 00:22:22,600
Speaker 1: housing market goes up down left and right, your property

449
00:22:22,640 --> 00:22:26,199
Speaker 1: doesn't disappear. Right, you can still go and touch it. Right. Um,

450
00:22:26,280 --> 00:22:28,560
Speaker 1: Equity is monopoly money. This is something I've been saying

451
00:22:28,560 --> 00:22:31,320
Speaker 1: for years, even before I came on the internet. So

452
00:22:31,400 --> 00:22:35,840
Speaker 1: if you're out here banking on the appreciation of a property,

453
00:22:35,920 --> 00:22:37,960
Speaker 1: then you could be setting yourself up for failure because

454
00:22:38,000 --> 00:22:42,280
Speaker 1: if the market changes and you depending on that, yeah, yeah, yeah, sol,

455
00:22:42,320 --> 00:22:44,440
Speaker 1: you should out of luck. Basically, So if you're looking

456
00:22:44,440 --> 00:22:47,280
Speaker 1: to buy primary residence right now, I think you have

457
00:22:47,400 --> 00:22:49,600
Speaker 1: to kind of be mindful of what you can really

458
00:22:49,640 --> 00:22:52,200
Speaker 1: afford because the bank will always can approve you, but

459
00:22:52,280 --> 00:22:54,240
Speaker 1: doesn't mean you can afford that mortgage. And this is

460
00:22:54,280 --> 00:22:56,000
Speaker 1: something I've been saying even when rates were in the

461
00:22:56,040 --> 00:23:00,960
Speaker 1: mid two percent, Right, don't approve eligible and affordability is

462
00:23:00,960 --> 00:23:02,480
Speaker 1: two different things. So if you're looking to buy a

463
00:23:02,480 --> 00:23:05,040
Speaker 1: house in today's market, look, you gotta have reserves. You

464
00:23:04,640 --> 00:23:07,760
Speaker 1: got you gotta prepare for any expenses that might come up.

465
00:23:07,920 --> 00:23:09,880
Speaker 1: If you're looking to buy rental properties, even if you're

466
00:23:09,880 --> 00:23:12,320
Speaker 1: going to live in a property, tenants ain't guaranteed to

467
00:23:12,320 --> 00:23:14,320
Speaker 1: pay you anything, right, so you gotta make sure you

468
00:23:14,320 --> 00:23:18,320
Speaker 1: can afford to buy that property and maintain it. I

469
00:23:18,359 --> 00:23:20,960
Speaker 1: think this is going to be the greatest opportunity, even

470
00:23:21,160 --> 00:23:25,840
Speaker 1: past the pandemic, ever for real estate investors because right

471
00:23:25,880 --> 00:23:28,359
Speaker 1: now there's a lot of fear in the news. Everything

472
00:23:28,400 --> 00:23:30,199
Speaker 1: you see right now and when it comes to real

473
00:23:30,320 --> 00:23:32,960
Speaker 1: estate is fair. But what did Warren Buffett say? He said,

474
00:23:33,240 --> 00:23:36,920
Speaker 1: when people are being fair, fool be greedy. Right, So

475
00:23:37,000 --> 00:23:40,320
Speaker 1: this is the time that investors will be able to

476
00:23:40,359 --> 00:23:43,119
Speaker 1: go out there and really build up a nice portfolio,

477
00:23:43,280 --> 00:23:46,080
Speaker 1: even what interest rates going higher because the demand of

478
00:23:46,119 --> 00:23:48,800
Speaker 1: the regular everyday home buyer, they're gonna sit on the

479
00:23:48,840 --> 00:23:51,880
Speaker 1: sidelines because they're gonna sit there and wait for the market. Right,

480
00:23:51,880 --> 00:23:54,280
Speaker 1: And you can't time the market, can't, You can't. Not.

481
00:23:54,400 --> 00:23:56,520
Speaker 1: Real estate attorney definitely told me he was like, Angela,

482
00:23:56,600 --> 00:23:59,439
Speaker 1: just waited a minute before you buy anything else, right, Yeah,

483
00:23:59,480 --> 00:24:01,919
Speaker 1: I mean, but you're establisher, right, You're in a position

484
00:24:01,920 --> 00:24:04,080
Speaker 1: where you can afford to be patient. You don't really

485
00:24:04,119 --> 00:24:05,719
Speaker 1: have to go out here and just say I'm going

486
00:24:05,760 --> 00:24:07,680
Speaker 1: to buy real estate just to buy real estate. Right

487
00:24:07,720 --> 00:24:09,640
Speaker 1: you're in a position you can do that because you're

488
00:24:09,640 --> 00:24:12,120
Speaker 1: already owned. But I think for the first time investor

489
00:24:12,400 --> 00:24:14,320
Speaker 1: or the person who may have one or two properties

490
00:24:14,440 --> 00:24:16,439
Speaker 1: and you continue to look in to grow, this is

491
00:24:16,480 --> 00:24:18,560
Speaker 1: your time right now, because if you look at all

492
00:24:18,600 --> 00:24:21,560
Speaker 1: the stats that's coming out, homebuyers are taking a back

493
00:24:21,600 --> 00:24:24,520
Speaker 1: seat right now. They can't afford these six percent interest rates,

494
00:24:24,520 --> 00:24:26,280
Speaker 1: which soon will be seven percent. I mean, you get

495
00:24:26,280 --> 00:24:28,000
Speaker 1: in the seven percent right right now if you've got

496
00:24:28,160 --> 00:24:30,520
Speaker 1: a low six hundred credit score, right if you have

497
00:24:30,600 --> 00:24:33,560
Speaker 1: high credit scores. Right now, you're mid to high fives

498
00:24:33,640 --> 00:24:36,080
Speaker 1: right now on a thirty year mortgage. So a lot

499
00:24:36,080 --> 00:24:37,720
Speaker 1: of people are going to take a step back from that.

500
00:24:38,320 --> 00:24:41,080
Speaker 1: What does that do at least opportunity for the investors.

501
00:24:41,119 --> 00:24:43,240
Speaker 1: You're going to see more institutional money hit the streets.

502
00:24:43,280 --> 00:24:45,760
Speaker 1: You're going to see more foreign money at the streets.

503
00:24:45,760 --> 00:24:48,360
Speaker 1: Why because people are going to rent. And look what's

504
00:24:48,440 --> 00:24:51,359
Speaker 1: up and stuck right now? Rent The average rent is

505
00:24:51,400 --> 00:24:54,720
Speaker 1: over two thousand dollars nationwide right now, and that's going

506
00:24:54,720 --> 00:24:57,159
Speaker 1: to continue to go up like when it was the

507
00:24:57,200 --> 00:25:01,200
Speaker 1: last time you see rent declining, No, never during the

508
00:25:01,240 --> 00:25:04,000
Speaker 1: pendent early on the pand that make a difference in

509
00:25:04,040 --> 00:25:06,560
Speaker 1: New York City, But that was that was a unicorn

510
00:25:06,560 --> 00:25:10,320
Speaker 1: type of situation, right unless COVID twenty twenty three comes out, right,

511
00:25:10,720 --> 00:25:14,520
Speaker 1: that's that's like I feel like they're forcing people to

512
00:25:14,680 --> 00:25:16,679
Speaker 1: purchase homes because we're rent so high. Like I was.

513
00:25:16,760 --> 00:25:20,080
Speaker 1: I was called the battom. My daughter's actually buying something,

514
00:25:20,320 --> 00:25:22,440
Speaker 1: but I called Matt And the reason I was forced

515
00:25:22,480 --> 00:25:24,240
Speaker 1: to do it is because her wrint shot up five

516
00:25:24,359 --> 00:25:26,600
Speaker 1: hundred dollars a month, yea, And I was surprising that

517
00:25:26,600 --> 00:25:28,080
Speaker 1: they could do it. And everybody's telling me that they

518
00:25:28,160 --> 00:25:29,920
Speaker 1: rented or shooting up. And I know, you know me

519
00:25:30,000 --> 00:25:31,959
Speaker 1: owning a couple of places, you know the rent goes up,

520
00:25:31,960 --> 00:25:34,320
Speaker 1: but not not to this rate. But it's ridiculous where

521
00:25:34,359 --> 00:25:37,879
Speaker 1: you have to buy because it's coursing you more to rent. Ever,

522
00:25:38,280 --> 00:25:40,520
Speaker 1: got crazy. I put a post on other day, don't

523
00:25:40,520 --> 00:25:42,400
Speaker 1: know if you saw it. In the UK, they're rolling

524
00:25:42,400 --> 00:25:44,800
Speaker 1: out fifty year mortgages. I think that's good. I think

525
00:25:44,800 --> 00:25:46,520
Speaker 1: that's a good idea. I think that's good. They used

526
00:25:46,520 --> 00:25:48,000
Speaker 1: to have that back in the day, during the wild

527
00:25:48,000 --> 00:25:50,879
Speaker 1: cowboy days there was forty year mortgages. Fifty year mortgages. How,

528
00:25:51,040 --> 00:25:52,399
Speaker 1: I think that's good. I wish they give me a

529
00:25:52,480 --> 00:25:55,879
Speaker 1: hundred year margat all my profits. That's crazy. I hate

530
00:25:55,880 --> 00:25:58,200
Speaker 1: a long mortgage because I hate paying all the interest

531
00:25:58,320 --> 00:26:01,159
Speaker 1: up front. Well, yeah, it is going to be more

532
00:26:01,200 --> 00:26:04,480
Speaker 1: expensive on a long run, but if you're looking about affordability, right,

533
00:26:04,680 --> 00:26:06,840
Speaker 1: you have to spread that out a little bit more,

534
00:26:06,960 --> 00:26:09,320
Speaker 1: especially with higher interest rates. But you can always prepay

535
00:26:09,359 --> 00:26:13,440
Speaker 1: your principal balance to kind of. But I think a

536
00:26:13,480 --> 00:26:15,120
Speaker 1: lot of people do that. Like you said, some people

537
00:26:15,119 --> 00:26:16,960
Speaker 1: can't afford it, but also people like to move their

538
00:26:16,960 --> 00:26:19,840
Speaker 1: money around. They know that they can if it's a

539
00:26:19,880 --> 00:26:22,320
Speaker 1: fifty year mortgage. Let's say let's say your mortgage it's

540
00:26:22,359 --> 00:26:24,360
Speaker 1: three grand. If it's a fifty year mortgage, your mortgage

541
00:26:24,359 --> 00:26:27,160
Speaker 1: is now seventeen hundred. You have that other thirteen hundred

542
00:26:27,160 --> 00:26:28,880
Speaker 1: to move and try to shake and invest in something

543
00:26:28,880 --> 00:26:30,640
Speaker 1: else that's gonna pay that full mortgage. That's what people

544
00:26:30,680 --> 00:26:32,840
Speaker 1: should do, and a lot of people do that. It's

545
00:26:32,840 --> 00:26:35,360
Speaker 1: something mentally for me when I look at my mortgage

546
00:26:35,400 --> 00:26:39,280
Speaker 1: breakdown and I see that, like, yeah, I can't see

547
00:26:39,440 --> 00:26:41,879
Speaker 1: saying that. When I see, say, let's just say it

548
00:26:41,960 --> 00:26:44,240
Speaker 1: was a thousand dollars and nine hundred and fifty years

549
00:26:44,240 --> 00:26:46,600
Speaker 1: going toward interest and fifty dollars going towards the principle,

550
00:26:46,600 --> 00:26:48,760
Speaker 1: and you're like, damn, I'm just spending all this. It

551
00:26:48,800 --> 00:26:52,199
Speaker 1: bothers me mentally, and I know that people think differently

552
00:26:52,200 --> 00:26:54,520
Speaker 1: about it, but for some reason in my head, I'm like,

553
00:26:54,840 --> 00:26:57,679
Speaker 1: I hate paying all this interest that's not going toward

554
00:26:58,320 --> 00:27:01,240
Speaker 1: you know, but I understand that you affordability aspect, but

555
00:27:01,280 --> 00:27:03,919
Speaker 1: that comes with discipline also to prepay your mortgage, right

556
00:27:03,960 --> 00:27:05,679
Speaker 1: because like what you just said, and you have that

557
00:27:05,720 --> 00:27:08,520
Speaker 1: surplus a capital now, and the smart thing should be

558
00:27:08,560 --> 00:27:11,600
Speaker 1: to invest it into something else. That's where you can,

559
00:27:11,760 --> 00:27:14,040
Speaker 1: you know, have an overflow. But most people know they're

560
00:27:14,040 --> 00:27:15,520
Speaker 1: gonna go to the gucy store, they're gonna go to

561
00:27:15,560 --> 00:27:18,280
Speaker 1: the bay, they're gonna go on vacation, right, the average person,

562
00:27:18,320 --> 00:27:20,840
Speaker 1: that's what they're gonna do. Instead of having a discipline,

563
00:27:20,880 --> 00:27:23,560
Speaker 1: say you know what, I'm gonna put this savings and

564
00:27:23,600 --> 00:27:26,199
Speaker 1: pay down my principal balance, or even if you get

565
00:27:26,240 --> 00:27:28,080
Speaker 1: a thirty year mortgage. I tell people all the time,

566
00:27:28,160 --> 00:27:31,040
Speaker 1: don't don't worry about the term, right, come up with

567
00:27:31,080 --> 00:27:33,439
Speaker 1: a plan an exit strategy. I think in everything in

568
00:27:33,480 --> 00:27:36,760
Speaker 1: life you need an exit strategy and business and investments

569
00:27:36,800 --> 00:27:39,280
Speaker 1: and especially real estate of when you want to get

570
00:27:39,320 --> 00:27:41,560
Speaker 1: out of that mortgage. So if your goal is especially

571
00:27:41,600 --> 00:27:43,520
Speaker 1: if you're buying in your forties, you know you're gonna

572
00:27:43,520 --> 00:27:46,000
Speaker 1: retire at sixty, you could take a thirty year mortgage,

573
00:27:46,040 --> 00:27:48,639
Speaker 1: but you should have a plan of action and it's simple.

574
00:27:48,840 --> 00:27:52,360
Speaker 1: The tools are online imanization calculator where you can say,

575
00:27:52,400 --> 00:27:55,760
Speaker 1: if I put my tax with terms that refund every

576
00:27:55,760 --> 00:27:57,159
Speaker 1: single year, or if you're like if I put an

577
00:27:57,080 --> 00:28:02,000
Speaker 1: addition to two principal every month, this one extra payment

578
00:28:02,040 --> 00:28:04,320
Speaker 1: comes out seven years. One extra payment can knock you

579
00:28:04,400 --> 00:28:06,399
Speaker 1: down your mortgage in twenty two and a half twenty

580
00:28:06,400 --> 00:28:08,800
Speaker 1: three years, right, just one extra payment towards your principal

581
00:28:08,880 --> 00:28:11,399
Speaker 1: balance and all the online tools. Everything is digital right

582
00:28:11,400 --> 00:28:13,399
Speaker 1: now with your mortgage payments. You can easily set that

583
00:28:13,480 --> 00:28:16,080
Speaker 1: up as an automatical thing where you're not even setting

584
00:28:16,119 --> 00:28:18,119
Speaker 1: and forget it. You don't even have to think about it.

585
00:28:18,160 --> 00:28:20,199
Speaker 1: So there's so many ways to skin a cat to

586
00:28:20,359 --> 00:28:22,720
Speaker 1: beat that interest trap when it comes to your financing.

587
00:28:22,840 --> 00:28:24,920
Speaker 1: It's just people just gotta have the discipline. I think,

588
00:28:24,960 --> 00:28:26,840
Speaker 1: I think, and you said investment. So that was the

589
00:28:26,880 --> 00:28:28,920
Speaker 1: real estate standpoint, but from the stock markets, the same thing.

590
00:28:29,200 --> 00:28:31,560
Speaker 1: He used Warren Buffets as the quote. But it's true

591
00:28:31,600 --> 00:28:33,520
Speaker 1: for the stock market. When people are fearful, that's when

592
00:28:33,520 --> 00:28:37,720
Speaker 1: you should be greedy cryptown. Well, we're gonna get there.

593
00:28:38,280 --> 00:28:39,960
Speaker 1: I mean, if you look at it now, I would

594
00:28:39,960 --> 00:28:43,000
Speaker 1: see the we're in a recession, and so you're looking

595
00:28:43,040 --> 00:28:45,280
Speaker 1: at companies, where should I buy? Well, when you had

596
00:28:45,360 --> 00:28:47,200
Speaker 1: Apple at one hundred and eighty dollars, he's like it's

597
00:28:47,200 --> 00:28:49,120
Speaker 1: too high. Well now it's at one hundred and thirty two.

598
00:28:49,160 --> 00:28:51,080
Speaker 1: Why wouldn't you buy now? So if you look at

599
00:28:51,120 --> 00:28:53,880
Speaker 1: the same companies we spoke about the last time Apple, Amazon,

600
00:28:54,120 --> 00:28:56,800
Speaker 1: Google was just about to have a split. Right, these

601
00:28:56,840 --> 00:28:59,120
Speaker 1: companies are now at a price point that it's like,

602
00:28:59,120 --> 00:29:01,240
Speaker 1: all right, it's affordable, can do it. But you brought

603
00:29:01,320 --> 00:29:03,200
Speaker 1: up another quip point, agriculture. If we want to look

604
00:29:03,200 --> 00:29:05,360
Speaker 1: at players that are like, hey, I don't want to

605
00:29:05,360 --> 00:29:07,400
Speaker 1: invest in something that's two violentile, look at the agriculture

606
00:29:07,480 --> 00:29:10,760
Speaker 1: high Look at companies like campbell soup right that has

607
00:29:10,840 --> 00:29:14,080
Speaker 1: like a seven percent incline over the past six months.

608
00:29:14,080 --> 00:29:16,760
Speaker 1: It's like, wait, they've appreciated it. They are the time. Well, yeah,

609
00:29:16,800 --> 00:29:18,960
Speaker 1: people are going to eat. Right, Even a company like

610
00:29:19,120 --> 00:29:22,760
Speaker 1: Kelloggs that people probably didn't pay attention to that dividing

611
00:29:22,800 --> 00:29:25,840
Speaker 1: the company into three components now and having snacks as

612
00:29:25,880 --> 00:29:28,200
Speaker 1: one of the pillars of it, Like how many people

613
00:29:28,200 --> 00:29:32,240
Speaker 1: are buying groceries and putting Kelloggs cereal and if snacks.

614
00:29:32,280 --> 00:29:34,400
Speaker 1: And it's something that you don't think about. But it's

615
00:29:34,400 --> 00:29:37,240
Speaker 1: a safe investment because we know people in times like

616
00:29:37,280 --> 00:29:39,480
Speaker 1: this are gonna find affordable ways to eat and they're

617
00:29:39,480 --> 00:29:41,959
Speaker 1: gonna feed their kids, you know first and foremos. So

618
00:29:42,240 --> 00:29:44,600
Speaker 1: there's all different types of ways you can invest obviously

619
00:29:44,720 --> 00:29:46,960
Speaker 1: real estate, but the stock market when where it's at

620
00:29:47,040 --> 00:29:50,400
Speaker 1: right now. Obviously we know recessions last on eighteen months

621
00:29:50,400 --> 00:29:52,640
Speaker 1: on average, So if we're in the middle of it now,

622
00:29:53,200 --> 00:29:55,360
Speaker 1: by the time we get to twenty twenty three, twenty four,

623
00:29:55,440 --> 00:29:57,800
Speaker 1: twenty twenty five, these investments that we make now will

624
00:29:57,840 --> 00:29:59,480
Speaker 1: set us up for the future. Do you think we're

625
00:29:59,520 --> 00:30:01,840
Speaker 1: officially in a recession. Yeah? Yeah, I think we're definitely

626
00:30:01,880 --> 00:30:04,280
Speaker 1: officially in a recession. People still spending. This is not

627
00:30:04,320 --> 00:30:07,160
Speaker 1: officially recession to people stop spending. Well, it's officially recession

628
00:30:07,200 --> 00:30:11,560
Speaker 1: with two negative quarters of GDP GDP two negative GDP quarters.

629
00:30:11,560 --> 00:30:13,840
Speaker 1: So I think that they haven't officially announced it yet,

630
00:30:13,840 --> 00:30:17,160
Speaker 1: but they will, I think. But I feel like it's

631
00:30:17,200 --> 00:30:20,000
Speaker 1: always gonna be the haves and have nots, right, And

632
00:30:20,520 --> 00:30:23,840
Speaker 1: but with the inflation that that's actually causing a lot

633
00:30:23,840 --> 00:30:26,040
Speaker 1: of problems as well, and the supply chainges a lot

634
00:30:26,040 --> 00:30:27,959
Speaker 1: of thinks you can't get. But it's like, you know,

635
00:30:28,360 --> 00:30:30,560
Speaker 1: talk about investing, and we always talk about investing, but

636
00:30:30,600 --> 00:30:32,080
Speaker 1: I feel like we got to start talking more about

637
00:30:32,080 --> 00:30:35,080
Speaker 1: businesses because it's like a a lot of people. One

638
00:30:35,080 --> 00:30:36,760
Speaker 1: of the biggest things to stop people from investing they

639
00:30:36,760 --> 00:30:39,040
Speaker 1: feel like they don't have enough money to invest, and

640
00:30:39,360 --> 00:30:43,080
Speaker 1: no matter how much you invest, it's still it's nothing

641
00:30:43,080 --> 00:30:46,440
Speaker 1: like starting a cash flowing business. And like black businesses

642
00:30:46,520 --> 00:30:49,000
Speaker 1: or just businesses in general, that's something that we got

643
00:30:49,000 --> 00:30:51,040
Speaker 1: to start talking more about, like as far as starting

644
00:30:51,120 --> 00:30:54,640
Speaker 1: businesses and during a recession, during economic downturns is actually

645
00:30:54,680 --> 00:30:56,560
Speaker 1: a good time to start a business because it's like

646
00:30:56,600 --> 00:30:58,720
Speaker 1: if you can survive during the worst of times, that

647
00:30:58,760 --> 00:31:00,720
Speaker 1: automatically makes you in a thought already in the space.

648
00:31:01,200 --> 00:31:03,200
Speaker 1: And it's like that's what we did, really like I

649
00:31:03,240 --> 00:31:05,920
Speaker 1: wouldn't say anything that I didn't actually do myself. So

650
00:31:05,960 --> 00:31:08,160
Speaker 1: it's like, you know, for us to start to start

651
00:31:08,240 --> 00:31:11,200
Speaker 1: a business, which you know, people it started as a

652
00:31:11,200 --> 00:31:13,720
Speaker 1: as a podcast but turned into a media company and

653
00:31:13,800 --> 00:31:16,920
Speaker 1: we double down on it, you know during COVID and

654
00:31:17,080 --> 00:31:19,600
Speaker 1: expanded our reach and now we have different verticals. So

655
00:31:19,680 --> 00:31:21,320
Speaker 1: now it's like we do invest vest so we have

656
00:31:21,360 --> 00:31:23,280
Speaker 1: a truck, or we do E y O university. It's

657
00:31:23,320 --> 00:31:28,240
Speaker 1: it's it's about growing laterally and having people in plays

658
00:31:28,280 --> 00:31:31,480
Speaker 1: and hiring employees and that's that's the real like, you

659
00:31:31,520 --> 00:31:34,000
Speaker 1: know what we really got to start focusing on because

660
00:31:34,280 --> 00:31:37,000
Speaker 1: that's the only way to really improve our economic situation.

661
00:31:37,240 --> 00:31:39,440
Speaker 1: Investing is very important. But if you don't have money

662
00:31:39,440 --> 00:31:42,000
Speaker 1: to invest, how you're going to invest? And right now,

663
00:31:42,360 --> 00:31:45,240
Speaker 1: in this job market right now, good luck trying to

664
00:31:45,240 --> 00:31:47,160
Speaker 1: find a high paying job. And even if you do,

665
00:31:47,360 --> 00:31:49,160
Speaker 1: inflation is so how you're not even gonna you know,

666
00:31:49,640 --> 00:31:51,960
Speaker 1: make a difference. So it's like for most of us,

667
00:31:51,960 --> 00:31:54,320
Speaker 1: Like for me personally, I went to a state school,

668
00:31:54,600 --> 00:31:56,640
Speaker 1: so I have a communications degree, so I have a

669
00:31:56,640 --> 00:31:59,560
Speaker 1: liberal arts degree from a mid level state school. And

670
00:32:00,240 --> 00:32:02,320
Speaker 1: it's like, if I was actually out here trying to

671
00:32:02,360 --> 00:32:04,360
Speaker 1: find a job right now, I'd be in trouble. You know,

672
00:32:04,520 --> 00:32:05,840
Speaker 1: I will say this though, you know, I think we

673
00:32:05,960 --> 00:32:09,120
Speaker 1: have to support each other in a way that other

674
00:32:09,160 --> 00:32:11,960
Speaker 1: communities do. Right, have a friend that's Jewish and he

675
00:32:12,040 --> 00:32:14,960
Speaker 1: was telling me that a friend opened up a restaurant

676
00:32:14,960 --> 00:32:17,880
Speaker 1: in Brooklyn and he said, for like three months straight

677
00:32:17,880 --> 00:32:20,000
Speaker 1: there was a line around the corner or a restaurant.

678
00:32:20,320 --> 00:32:21,640
Speaker 1: And this was when he was young growing up. And

679
00:32:21,640 --> 00:32:23,239
Speaker 1: he asked, well why, and he was like, well, in

680
00:32:23,240 --> 00:32:25,960
Speaker 1: our community, when somebody opens up a restaurant, we're going

681
00:32:26,000 --> 00:32:28,600
Speaker 1: to support them for the three months every day until

682
00:32:28,600 --> 00:32:30,400
Speaker 1: we can make sure that they can control run on

683
00:32:30,440 --> 00:32:33,520
Speaker 1: their own. And I was like, that's big. He knows

684
00:32:33,520 --> 00:32:35,040
Speaker 1: for the three to six months that he has a

685
00:32:35,080 --> 00:32:37,040
Speaker 1: built in crowd that's going to support his restaurant and

686
00:32:37,040 --> 00:32:39,040
Speaker 1: make sure his restaurant is good. And he said, even

687
00:32:39,080 --> 00:32:40,680
Speaker 1: if the food is bad, or even if they have

688
00:32:40,760 --> 00:32:43,040
Speaker 1: bad service, he said, it's still a line around the

689
00:32:43,040 --> 00:32:45,320
Speaker 1: corner because we all we care about is making sure

690
00:32:45,400 --> 00:32:47,960
Speaker 1: that he's good. If he's good, his family's good, and

691
00:32:47,960 --> 00:32:50,320
Speaker 1: that money stays in that community. We don't do that enough.

692
00:32:50,320 --> 00:32:53,000
Speaker 1: As our people they get starting to happen, they're starting

693
00:32:53,000 --> 00:32:54,720
Speaker 1: to happen. But it's also a part of tradition and

694
00:32:54,760 --> 00:32:57,560
Speaker 1: culture too. Like so a friend of mine is Indian

695
00:32:57,880 --> 00:33:00,280
Speaker 1: and he got married, and you know Indian if you

696
00:33:00,280 --> 00:33:02,040
Speaker 1: ever been, just like a whole week of celebration. So

697
00:33:02,320 --> 00:33:04,720
Speaker 1: when I went to his wedding in Jersey, he was saying,

698
00:33:04,720 --> 00:33:07,440
Speaker 1: his father in law owns like a motel chain. So

699
00:33:07,480 --> 00:33:09,760
Speaker 1: if you know anything about Indians in the motel industry,

700
00:33:09,920 --> 00:33:12,120
Speaker 1: they own like seventy percent of the motel especially on

701
00:33:12,160 --> 00:33:14,080
Speaker 1: the East Coast. So he was explaining to me the

702
00:33:14,080 --> 00:33:15,640
Speaker 1: situation of how they do it. So he's like, they

703
00:33:15,640 --> 00:33:18,920
Speaker 1: come and they like one person will get a motel, right,

704
00:33:19,280 --> 00:33:22,240
Speaker 1: and they work the motel, and then they bring the

705
00:33:22,320 --> 00:33:24,880
Speaker 1: other family members from India over and then all of

706
00:33:24,920 --> 00:33:26,760
Speaker 1: the family they have no choice but to work the

707
00:33:26,800 --> 00:33:29,120
Speaker 1: hotel and they like have different positions in the motel.

708
00:33:29,400 --> 00:33:31,800
Speaker 1: And then they saved the money and then they opened

709
00:33:31,840 --> 00:33:34,240
Speaker 1: up another motel. So it's like the brother will take

710
00:33:34,240 --> 00:33:37,320
Speaker 1: the other motel and then the family will come and

711
00:33:37,360 --> 00:33:39,680
Speaker 1: it's like it's like a domino effect, like they do

712
00:33:39,720 --> 00:33:42,000
Speaker 1: it one by one by one, and then like before

713
00:33:42,000 --> 00:33:43,720
Speaker 1: you know it, now they own like they have a

714
00:33:43,760 --> 00:33:46,040
Speaker 1: monopoly on the motel chains. And it's like who's really

715
00:33:46,040 --> 00:33:48,760
Speaker 1: thinking about owning motels like gas stations, Like you know

716
00:33:48,760 --> 00:33:50,640
Speaker 1: what I'm saying. So it's like it's like you find

717
00:33:50,640 --> 00:33:54,960
Speaker 1: a niche area and then you use family and you

718
00:33:55,080 --> 00:33:58,320
Speaker 1: keep the money within and now you actually just grow

719
00:33:58,400 --> 00:34:01,280
Speaker 1: from there. So that's something that's very important. And it's

720
00:34:01,320 --> 00:34:04,800
Speaker 1: like for us even having family, right, I feel like

721
00:34:05,240 --> 00:34:08,320
Speaker 1: if my son has to find a job when he's sixteen,

722
00:34:08,400 --> 00:34:11,560
Speaker 1: I failed as a business owner because it's like what's

723
00:34:11,560 --> 00:34:13,920
Speaker 1: the point of doing all this work, staying up, traveling

724
00:34:13,920 --> 00:34:16,200
Speaker 1: all that. Like, if you want a job, come work

725
00:34:16,239 --> 00:34:18,719
Speaker 1: for me. Yeah. That was one of the things even

726
00:34:18,760 --> 00:34:21,560
Speaker 1: from teaching, like they was like, yeo, man, you can't

727
00:34:21,600 --> 00:34:23,520
Speaker 1: teach that you too, specially be like in that side

728
00:34:23,560 --> 00:34:25,440
Speaker 1: of a school, And I was be sitting there like

729
00:34:25,800 --> 00:34:28,480
Speaker 1: I could work here for twenty five years, Right, it

730
00:34:28,560 --> 00:34:31,080
Speaker 1: won't guarantee that my son can get an interview, Right,

731
00:34:31,080 --> 00:34:32,960
Speaker 1: Like I watched my dad work for forty years in

732
00:34:33,000 --> 00:34:34,560
Speaker 1: the city. I don't even know where it was at.

733
00:34:35,160 --> 00:34:37,560
Speaker 1: It didn't guarantee me anything, right, And so when we

734
00:34:37,600 --> 00:34:39,040
Speaker 1: start thinking like that, it's like, well, what are we

735
00:34:39,080 --> 00:34:41,520
Speaker 1: passing down? Right? If it's my name is not on it,

736
00:34:41,560 --> 00:34:43,000
Speaker 1: I can't give it to him. So if my name

737
00:34:43,080 --> 00:34:44,880
Speaker 1: is not on that school, it can't guarantee that he

738
00:34:44,920 --> 00:34:47,080
Speaker 1: gets a job there. But there's a guarantee that if

739
00:34:47,120 --> 00:34:49,600
Speaker 1: we create something, we can pass that down to our kids. Now,

740
00:34:49,640 --> 00:34:51,360
Speaker 1: they could choose to say, look, I don't want to

741
00:34:51,360 --> 00:34:53,920
Speaker 1: do my whole thing, which is great, right, let's extend

742
00:34:53,920 --> 00:34:56,040
Speaker 1: the legacy even further. Or they could say, look, I

743
00:34:56,120 --> 00:34:58,520
Speaker 1: love what you're doing, dad, Can you pass the torch?

744
00:34:58,840 --> 00:35:00,719
Speaker 1: Is that a position for me inside of this company?

745
00:35:00,800 --> 00:35:02,319
Speaker 1: And that's something we didn't really see a lot, but

746
00:35:02,320 --> 00:35:04,920
Speaker 1: it's happening now and you're still a teacher, and when

747
00:35:04,920 --> 00:35:08,160
Speaker 1: it educator and even when kids. You know, you might

748
00:35:08,200 --> 00:35:09,839
Speaker 1: can't pass from a job, but you got so many

749
00:35:09,880 --> 00:35:11,759
Speaker 1: different connections. If they want to go do their whole thing,

750
00:35:11,840 --> 00:35:13,239
Speaker 1: you'd be like, oh, I know somebody that can help

751
00:35:13,280 --> 00:35:16,880
Speaker 1: you with But also with the Internet, I think this

752
00:35:16,960 --> 00:35:18,360
Speaker 1: is the easiest time in the world to be a

753
00:35:18,400 --> 00:35:22,160
Speaker 1: business owner. Right. The information and technology that's available today,

754
00:35:22,239 --> 00:35:24,600
Speaker 1: it wasn't here when I first came into mortgage business.

755
00:35:24,600 --> 00:35:26,839
Speaker 1: There wasn't all of this information and technology. I mean

756
00:35:27,000 --> 00:35:29,560
Speaker 1: now you have things like Toro that just got passed

757
00:35:29,560 --> 00:35:31,399
Speaker 1: in New York. If you have a car, you could

758
00:35:31,400 --> 00:35:33,160
Speaker 1: put it on Toro. You can make money now, start

759
00:35:33,160 --> 00:35:35,160
Speaker 1: to run a car business. Right. If you own a house,

760
00:35:35,239 --> 00:35:37,000
Speaker 1: if you're struggling with your mortgage, you could put it

761
00:35:37,040 --> 00:35:40,719
Speaker 1: on Airbnb. Right. So there's so many different opportunities that's

762
00:35:40,760 --> 00:35:42,640
Speaker 1: out there. You just have to have to hunger and

763
00:35:42,680 --> 00:35:44,320
Speaker 1: a desire to go out there and search for it

764
00:35:44,400 --> 00:35:47,160
Speaker 1: and get it. Hell, I know people who sell vegan

765
00:35:47,200 --> 00:35:49,640
Speaker 1: patties and you know, and now they got a catering

766
00:35:49,680 --> 00:35:51,000
Speaker 1: business and they cook it out of their house and

767
00:35:51,640 --> 00:35:56,879
Speaker 1: patties in our coffee shop from brand's Patty. And that's why, like, look,

768
00:35:56,920 --> 00:35:59,240
Speaker 1: you're starting coffee shops, you're doing radio, you're doing everything.

769
00:35:59,280 --> 00:36:01,440
Speaker 1: So there's so many ways to skin a cat in

770
00:36:01,719 --> 00:36:03,960
Speaker 1: this world that you just have to be out there

771
00:36:03,960 --> 00:36:05,520
Speaker 1: and be focused and want to get it because a

772
00:36:05,560 --> 00:36:07,520
Speaker 1: lot of people just want things to come to them

773
00:36:07,520 --> 00:36:08,759
Speaker 1: and they're not willing to go work for it. But

774
00:36:08,880 --> 00:36:11,920
Speaker 1: sometimes you also have to realize that, I think one

775
00:36:11,960 --> 00:36:14,440
Speaker 1: of the hardest parts. People sometimes think that being an

776
00:36:14,560 --> 00:36:17,680
Speaker 1: entrepreneur is like really sexy and you're gonna make money

777
00:36:17,760 --> 00:36:20,000
Speaker 1: right away. A lot of times it's a lot of

778
00:36:20,040 --> 00:36:21,960
Speaker 1: struggles and it's a lot of stress, a lot of

779
00:36:21,960 --> 00:36:26,120
Speaker 1: stress and off. Yeah, and a lot of businesses don't

780
00:36:26,200 --> 00:36:29,640
Speaker 1: end up working the way you anticipated and it might

781
00:36:29,680 --> 00:36:32,120
Speaker 1: take years if you ever even do make some money

782
00:36:32,120 --> 00:36:34,600
Speaker 1: from it. So you know, those are all things to

783
00:36:34,680 --> 00:36:37,319
Speaker 1: take into consideration too when you're doing your business plan,

784
00:36:37,520 --> 00:36:40,600
Speaker 1: or maybe you have to pivot and switch what your

785
00:36:40,600 --> 00:36:43,839
Speaker 1: business plan was originally, or maybe you have to get

786
00:36:43,880 --> 00:36:46,480
Speaker 1: investors or partners. You know, there's a lot of different

787
00:36:46,480 --> 00:36:49,200
Speaker 1: ways that you can try to make it work, but

788
00:36:49,239 --> 00:36:53,279
Speaker 1: it's definitely stressful. Like your phone can go off, you know,

789
00:36:53,360 --> 00:36:55,799
Speaker 1: all hours of the night, at anytime, every little thing

790
00:36:55,840 --> 00:36:58,480
Speaker 1: that goes wrong, everybody is hitting me up about it,

791
00:36:58,480 --> 00:37:00,799
Speaker 1: and I'm trying to find solutions even if I can't

792
00:37:00,800 --> 00:37:02,880
Speaker 1: be there. I'm trying to do my thing, but I'm

793
00:37:02,920 --> 00:37:05,600
Speaker 1: also trying to make sure that you know, things are

794
00:37:05,640 --> 00:37:08,160
Speaker 1: taken care of at the coffee shop, at the juice bar,

795
00:37:08,280 --> 00:37:10,840
Speaker 1: at the hear store. And it's a lot of stress sometimes,

796
00:37:11,239 --> 00:37:13,640
Speaker 1: And I think that's why this time is so important, right,

797
00:37:13,640 --> 00:37:16,640
Speaker 1: because like, even though you're going through those things, you

798
00:37:16,719 --> 00:37:19,400
Speaker 1: have opportunity and information around you to say, all right,

799
00:37:19,400 --> 00:37:21,759
Speaker 1: well I'm going through these struggles. Who else is going

800
00:37:21,760 --> 00:37:23,719
Speaker 1: through it? Right? And so like when you could share

801
00:37:23,719 --> 00:37:25,880
Speaker 1: your struggles, you could come to a commonality like, all right,

802
00:37:25,880 --> 00:37:27,239
Speaker 1: well here's what I did when I went through that.

803
00:37:27,440 --> 00:37:28,759
Speaker 1: Whereas in the past it was like we got to

804
00:37:28,760 --> 00:37:31,000
Speaker 1: figure that's out on our old amost songs. We failed. Right,

805
00:37:31,040 --> 00:37:32,520
Speaker 1: So when you got a coffee shop and my man

806
00:37:32,600 --> 00:37:35,120
Speaker 1: got a donal shop, he's pulling in Brooklyn, he can

807
00:37:35,440 --> 00:37:37,680
Speaker 1: he has a different eye for the business that you

808
00:37:37,719 --> 00:37:39,480
Speaker 1: may not have, and now you have different visions than

809
00:37:39,520 --> 00:37:41,440
Speaker 1: he might have. He puts that together in his business.

810
00:37:41,480 --> 00:37:43,279
Speaker 1: Now he's out of here. I already told him. I said,

811
00:37:43,320 --> 00:37:49,400
Speaker 1: let's put them donuts in the talk about crypto, is

812
00:37:49,400 --> 00:37:51,560
Speaker 1: it still viable to invest in long term? Yeah, I

813
00:37:51,560 --> 00:37:53,680
Speaker 1: think crypto if you know, if you believe in anything,

814
00:37:53,719 --> 00:37:55,719
Speaker 1: you got to have a long term perspective in it, right,

815
00:37:56,000 --> 00:37:59,120
Speaker 1: So cryptocurrency, I feel like it's something that I mean,

816
00:37:59,520 --> 00:38:02,839
Speaker 1: just look at at the landscape. You got major institutions

817
00:38:02,920 --> 00:38:06,360
Speaker 1: buying tons of bitcoin. You got you know, it's becoming

818
00:38:06,400 --> 00:38:10,239
Speaker 1: more and more accessible. You got bitcoin ATM machines popping up.

819
00:38:10,360 --> 00:38:13,000
Speaker 1: Now they're still a long way to go. It's not

820
00:38:13,160 --> 00:38:17,040
Speaker 1: you know, mainstream yet. But I think blockchain technology and

821
00:38:17,080 --> 00:38:20,040
Speaker 1: cryptocurrency is something that's here to stay. And um, you know,

822
00:38:20,120 --> 00:38:23,520
Speaker 1: once again, it's studying history. Crypto has always had crashes,

823
00:38:23,640 --> 00:38:25,920
Speaker 1: Like if you study the crypto market, this is pretty normal,

824
00:38:26,000 --> 00:38:29,000
Speaker 1: Like it always has crash. It's extremely volatile asset, which

825
00:38:29,000 --> 00:38:30,920
Speaker 1: is why you shouldn't invest anything that you can't afford

826
00:38:30,960 --> 00:38:33,839
Speaker 1: to lose, and you shouldn't invest anything that you necessarily need.

827
00:38:33,960 --> 00:38:38,560
Speaker 1: Like it's not investing, it's not gambling. That's the thing.

828
00:38:38,600 --> 00:38:40,719
Speaker 1: A lot of time people will say like, oh, it's

829
00:38:40,719 --> 00:38:42,879
Speaker 1: like going to Vegas, Like they say that a lot

830
00:38:43,400 --> 00:38:45,759
Speaker 1: investing is not gambling because gambling is a game of

831
00:38:45,880 --> 00:38:48,760
Speaker 1: chance and investing is a game of knowledge. But investing

832
00:38:48,800 --> 00:38:52,000
Speaker 1: can be synonymous with gambling. When you start using gambling principles,

833
00:38:52,280 --> 00:38:58,360
Speaker 1: when you when you when you when you invest not

834
00:38:58,520 --> 00:39:00,960
Speaker 1: using knowledge, then it is gambling. So if you just

835
00:39:00,960 --> 00:39:03,600
Speaker 1: buy doage coin because every single person is talking about

836
00:39:03,600 --> 00:39:05,200
Speaker 1: dodge coin, you don't know nothing about it, you don't

837
00:39:05,280 --> 00:39:08,719
Speaker 1: understand it. You buy at the high, now you're gambling, right.

838
00:39:09,000 --> 00:39:11,919
Speaker 1: Something is so many people, like you said, they listen

839
00:39:11,960 --> 00:39:14,840
Speaker 1: to people that don't do their homework. And that's the problem.

840
00:39:14,880 --> 00:39:16,400
Speaker 1: That's one of the things that you said. The internet

841
00:39:16,480 --> 00:39:18,160
Speaker 1: is good, but it makes the internet bad as well

842
00:39:18,280 --> 00:39:21,680
Speaker 1: because everybody now is is somebody that is a specialist.

843
00:39:21,680 --> 00:39:24,279
Speaker 1: Everybody right now is somebody that's an educator, and they're

844
00:39:24,400 --> 00:39:26,920
Speaker 1: educating the wrong people. That's why I like your platform

845
00:39:26,920 --> 00:39:29,720
Speaker 1: because you bring people that are successful and actually show

846
00:39:29,920 --> 00:39:33,960
Speaker 1: because everybody because right now the money's in the actual Yeah,

847
00:39:34,160 --> 00:39:36,440
Speaker 1: real estate is teaching real estate. It's not in actually

848
00:39:36,520 --> 00:39:38,839
Speaker 1: doing crypto. It's teaching crypto. And there's so many people

849
00:39:38,920 --> 00:39:42,719
Speaker 1: following so many bad examples that really hurt people. Yeah,

850
00:39:42,760 --> 00:39:44,480
Speaker 1: but that's real what you should talk about, you the

851
00:39:44,520 --> 00:39:47,760
Speaker 1: dinner scam. Yeah, there's a lot of those seminar scams,

852
00:39:47,760 --> 00:39:52,480
Speaker 1: a lot of experts scams. Yeah, yeah, for sure. I

853
00:39:52,480 --> 00:39:54,680
Speaker 1: mean you know, it's like this always going to be that, right,

854
00:39:54,719 --> 00:39:59,000
Speaker 1: because it's like, um, there's people that's scullible, right, and

855
00:39:59,000 --> 00:40:01,360
Speaker 1: that's your human nature. It's like it's people that's scullable,

856
00:40:01,440 --> 00:40:03,560
Speaker 1: and that's happening into every field, not just financial literacy.

857
00:40:03,600 --> 00:40:06,479
Speaker 1: You got religion probably the biggest one. You got people

858
00:40:06,560 --> 00:40:09,840
Speaker 1: that scullable that's gonna give people their money just because

859
00:40:09,880 --> 00:40:11,520
Speaker 1: they're saying, if you give me your money, you get

860
00:40:11,520 --> 00:40:14,000
Speaker 1: to go to heaven. They haven't done any research though,

861
00:40:14,040 --> 00:40:17,440
Speaker 1: they haven't fully read whatever text that they're supposed to

862
00:40:17,480 --> 00:40:19,440
Speaker 1: read to understand it. They're just going off of what

863
00:40:19,640 --> 00:40:21,719
Speaker 1: somebody is telling them. So I always tell people a

864
00:40:21,840 --> 00:40:24,640
Speaker 1: time market money if you say, do your research, never

865
00:40:24,680 --> 00:40:28,319
Speaker 1: even met troy Ian whatever like, and we do this

866
00:40:28,360 --> 00:40:31,040
Speaker 1: every single day. Don't just do something because I said it,

867
00:40:31,200 --> 00:40:33,600
Speaker 1: because at the end of the day, I'm not responsible

868
00:40:33,600 --> 00:40:35,920
Speaker 1: for your family. You are right, so you could, but

869
00:40:35,960 --> 00:40:38,080
Speaker 1: you could take information, but ultimately it's up to you

870
00:40:38,160 --> 00:40:40,360
Speaker 1: to actually do the research. And then make an educated

871
00:40:40,360 --> 00:40:43,240
Speaker 1: decision for yourself. But I feel like cryptocurrency is something

872
00:40:43,280 --> 00:40:45,440
Speaker 1: that is definitely here, but just be careful. I mean,

873
00:40:45,480 --> 00:40:49,040
Speaker 1: you have the major cryptos like you know, Ethereum and Pitcoin,

874
00:40:49,080 --> 00:40:50,560
Speaker 1: then you got you know a few that's coming up,

875
00:40:50,600 --> 00:40:54,080
Speaker 1: like Salana. But you know, once again, people instead of

876
00:40:54,120 --> 00:40:56,640
Speaker 1: trying to invest in those, they'll go for like the

877
00:40:56,719 --> 00:41:02,120
Speaker 1: one that nobody heard of that's zero zero zero point

878
00:41:02,120 --> 00:41:03,799
Speaker 1: eight since because they're like, all, if it goes to

879
00:41:03,840 --> 00:41:06,439
Speaker 1: a dollar, made it, I made everything. But nine times

880
00:41:06,440 --> 00:41:07,800
Speaker 1: out of ten it's gonna go to zero, it's not

881
00:41:07,840 --> 00:41:09,680
Speaker 1: gonna be worthless anymore. And I'm only speaking from personal

882
00:41:09,719 --> 00:41:12,440
Speaker 1: experience twenty seventeen when I first started invested in crypto,

883
00:41:12,640 --> 00:41:14,200
Speaker 1: and a lot of those cryptos that I invested in,

884
00:41:14,239 --> 00:41:18,160
Speaker 1: they're not worth anything anymore. So you everybody, nobody's perfect.

885
00:41:18,280 --> 00:41:20,800
Speaker 1: You learn, and as you learn, then you can speak

886
00:41:20,840 --> 00:41:23,520
Speaker 1: from real life experiences, because at a certain point, we

887
00:41:23,600 --> 00:41:26,640
Speaker 1: all will get greedy, Like we'll all say like, damn,

888
00:41:26,680 --> 00:41:29,919
Speaker 1: this is tempting, let me roll the dice. But nine

889
00:41:29,960 --> 00:41:31,760
Speaker 1: times out of ten, whenever you do that, and whenever

890
00:41:31,800 --> 00:41:34,520
Speaker 1: you try to do something to just make money quickly,

891
00:41:34,960 --> 00:41:36,440
Speaker 1: nine times out of ten, you're gonna lose it just

892
00:41:36,520 --> 00:41:39,720
Speaker 1: as quick. And as far as that, we're actually telling you, like, listen,

893
00:41:40,080 --> 00:41:43,160
Speaker 1: we did this, We've lost money. We're telling you so

894
00:41:43,160 --> 00:41:45,160
Speaker 1: you don't make the same mistake. But when people are

895
00:41:45,160 --> 00:41:47,880
Speaker 1: in survival mode, they'll take risky chances, right, and the

896
00:41:48,000 --> 00:41:50,480
Speaker 1: key worriors, we're saying invest right. So you know, when

897
00:41:50,480 --> 00:41:53,000
Speaker 1: we talk about invest it's more than three days, it's

898
00:41:53,040 --> 00:41:55,239
Speaker 1: more than a month. I'm talking long term. So we

899
00:41:55,280 --> 00:41:57,279
Speaker 1: saw a crypto, we saw a bitcoin go up to

900
00:41:57,320 --> 00:41:59,520
Speaker 1: sixty thousand. We've seen it pull back to twenty thousand.

901
00:41:59,760 --> 00:42:01,319
Speaker 1: They just had a servey. They said it's probably go

902
00:42:01,320 --> 00:42:03,520
Speaker 1: to ten before it goes up to thirty. And so

903
00:42:03,640 --> 00:42:05,520
Speaker 1: we know that, all right, we're here for the long term.

904
00:42:05,520 --> 00:42:07,359
Speaker 1: We're not trading on the daily basis because it's such

905
00:42:07,360 --> 00:42:10,360
Speaker 1: a viletow asset and people are not even skilled traders.

906
00:42:10,600 --> 00:42:12,600
Speaker 1: They're just going off a speculation. And so hey went

907
00:42:12,640 --> 00:42:14,360
Speaker 1: to thirty. Oh wait, I gotta get it before it

908
00:42:14,400 --> 00:42:16,640
Speaker 1: gets thirty five. We do that, You're gonna lose money?

909
00:42:16,760 --> 00:42:19,680
Speaker 1: Are you guys buying bigcoin? Now? Personally, if if it

910
00:42:19,719 --> 00:42:21,680
Speaker 1: got to get a little lower, but if it gets

911
00:42:21,680 --> 00:42:25,680
Speaker 1: to that ten thousand. Yeah, definitely, I'm all's lowed the

912
00:42:25,719 --> 00:42:28,480
Speaker 1: boat shout out to the end. Same rules apply for

913
00:42:28,520 --> 00:42:30,920
Speaker 1: the stock market too. Rights the same principle. It's the

914
00:42:30,920 --> 00:42:32,759
Speaker 1: same principle we said about real estate, the same thing

915
00:42:32,800 --> 00:42:34,640
Speaker 1: we said about the stock market, the same thing about crypto.

916
00:42:34,719 --> 00:42:39,280
Speaker 1: When people are fearful, great, get greedy. When people are greedy,

917
00:42:40,280 --> 00:42:43,520
Speaker 1: be fearful, right, And this tool so like we even

918
00:42:43,520 --> 00:42:44,840
Speaker 1: talk to people like listen, you can go to the

919
00:42:44,880 --> 00:42:47,200
Speaker 1: CNN dot com that got the fair and Greed Index.

920
00:42:47,280 --> 00:42:52,000
Speaker 1: It'll tell you, like what the overhall synopsis of investing community,

921
00:42:52,000 --> 00:42:54,080
Speaker 1: and they'll they'll show you, like if it's zero to

922
00:42:54,200 --> 00:42:56,600
Speaker 1: twenty people in fair, all right, let me go look

923
00:42:56,600 --> 00:42:59,280
Speaker 1: at some investment opportunities. When I see it at sixty

924
00:42:59,360 --> 00:43:01,560
Speaker 1: nine to eighty nine, I'm like, all right, well I

925
00:43:01,640 --> 00:43:03,520
Speaker 1: might need to coming out of some of these positions.

926
00:43:03,840 --> 00:43:05,600
Speaker 1: We're about to have a pullback. But then also when

927
00:43:05,640 --> 00:43:07,200
Speaker 1: things don't you can use your common sense a lot.

928
00:43:07,239 --> 00:43:09,680
Speaker 1: When things don't make sense, that's when you start to realize.

929
00:43:09,719 --> 00:43:12,719
Speaker 1: Like it's like when you start to see, you know,

930
00:43:12,880 --> 00:43:15,440
Speaker 1: doge coin just going every single day, it's just going

931
00:43:15,480 --> 00:43:17,720
Speaker 1: up just because Elon must tweets it like that starts

932
00:43:17,719 --> 00:43:19,560
Speaker 1: to not make sense, right when you start to see

933
00:43:19,640 --> 00:43:23,360
Speaker 1: even Tesla stock just you know, go up eight and

934
00:43:23,480 --> 00:43:25,759
Speaker 1: one year. Yeah, there's a lot of Tesla's on the road,

935
00:43:25,840 --> 00:43:29,840
Speaker 1: But what is Tesla really that strong? Probably not right,

936
00:43:29,880 --> 00:43:31,560
Speaker 1: you know what I'm saying. It's kind of like common sense,

937
00:43:31,600 --> 00:43:34,200
Speaker 1: even real estate. When you start seeing people paying one

938
00:43:34,239 --> 00:43:37,640
Speaker 1: hundred thousand dollars over asking, that starts to not make

939
00:43:37,719 --> 00:43:40,279
Speaker 1: sense after a while, right, And it's like that's when

940
00:43:40,320 --> 00:43:41,920
Speaker 1: it starts to get a little scary because it's like

941
00:43:42,480 --> 00:43:45,400
Speaker 1: that's not sustainable. I agree, I agree. And then what

942
00:43:45,440 --> 00:43:47,040
Speaker 1: I tell I tell our people all the time is

943
00:43:47,320 --> 00:43:49,680
Speaker 1: don't be afraid to let it go. Like I told

944
00:43:49,719 --> 00:43:52,040
Speaker 1: Matt all the time, like I will sell anything with

945
00:43:52,160 --> 00:43:58,319
Speaker 1: my kids and my wife because time everything would up

946
00:43:58,360 --> 00:44:00,320
Speaker 1: in price, whether it was caused, whether it was watches,

947
00:44:00,320 --> 00:44:02,640
Speaker 1: whether it's bags, whether with shoes, whether it was sneakers,

948
00:44:02,640 --> 00:44:05,640
Speaker 1: whether it's belts, whatever you had, tangible shot up in price.

949
00:44:05,800 --> 00:44:07,480
Speaker 1: And I got rid of all of it, Like you know,

950
00:44:08,080 --> 00:44:10,200
Speaker 1: it doesn't matter to me because it's all things, and

951
00:44:10,239 --> 00:44:11,879
Speaker 1: if I could make money off of it, that's the goal.

952
00:44:12,080 --> 00:44:14,320
Speaker 1: I got rid of cars, like I told you everything

953
00:44:14,400 --> 00:44:16,160
Speaker 1: had to go, and sometimes be like I don't want to,

954
00:44:16,239 --> 00:44:18,279
Speaker 1: like I told everybody during the pandemic, give it all.

955
00:44:18,280 --> 00:44:21,440
Speaker 1: Those sneakers can't wear them anyway. They're going to shooting

956
00:44:21,440 --> 00:44:24,160
Speaker 1: foot prices that we've never seen before. Chanel bagsman up.

957
00:44:24,239 --> 00:44:35,680
Speaker 1: Right after we left last I get a text message,

958
00:44:35,680 --> 00:44:38,120
Speaker 1: but I'm like, hey, I'm invested as a Channel Bag.

959
00:44:38,560 --> 00:44:40,759
Speaker 1: I'm like okay, And then I read the article. I'm like, yeah,

960
00:44:40,760 --> 00:44:44,560
Speaker 1: they appreciated by like seven percent. I'm like, oh word.

961
00:44:44,920 --> 00:44:47,040
Speaker 1: And then Christmas Cars and I was like, oh, you

962
00:44:47,080 --> 00:44:50,560
Speaker 1: know that Channel Bag. I'm like, say, it's a good investment.

963
00:44:51,160 --> 00:44:53,160
Speaker 1: So good investment to be if you're willing to sell it,

964
00:44:53,160 --> 00:44:54,759
Speaker 1: if you want to sell yeah. So I mean it's

965
00:44:54,800 --> 00:44:56,920
Speaker 1: the truth though, like those luxury goods have appreciated it.

966
00:44:56,920 --> 00:44:58,879
Speaker 1: They only let you buy one Channel Bag a month

967
00:44:59,000 --> 00:45:11,560
Speaker 1: now too. Only the hardship of the reason why when

968
00:45:11,719 --> 00:45:18,120
Speaker 1: they say that, I didn't get it a woman personal

969
00:45:18,160 --> 00:45:21,080
Speaker 1: shop now because too many people are reselling them. So

970
00:45:21,160 --> 00:45:23,520
Speaker 1: what happens is people are going in and buying several

971
00:45:23,560 --> 00:45:26,399
Speaker 1: bags and then they're reselling that. Man. Chanell doesn't want

972
00:45:26,400 --> 00:45:28,520
Speaker 1: you to do that, so now they have your name

973
00:45:28,560 --> 00:45:31,000
Speaker 1: like in the system. If you buy a bag, they

974
00:45:31,040 --> 00:45:32,600
Speaker 1: won't let you buy another one. If they see you

975
00:45:32,680 --> 00:45:34,759
Speaker 1: buy too many things, they won't sell them to you

976
00:45:34,800 --> 00:45:37,200
Speaker 1: because they feel like you're reselling them and making a

977
00:45:37,280 --> 00:45:39,520
Speaker 1: profit and they don't want that. I'm putting your mother's name,

978
00:45:39,560 --> 00:45:43,319
Speaker 1: put in your father's name, your uncle's name, cousins, but

979
00:45:43,320 --> 00:45:46,440
Speaker 1: it really is talking about crypto. That's what NFTs is

980
00:45:46,480 --> 00:45:54,200
Speaker 1: going to change the game. And don't believe it, but

981
00:45:54,239 --> 00:45:56,120
Speaker 1: that's what NFT is gonna change the game. Because imagine

982
00:45:56,160 --> 00:45:58,880
Speaker 1: if Chanelle all those bags with NFTs, right, So, then

983
00:45:58,920 --> 00:46:00,920
Speaker 1: they don't really care about the sale because they get

984
00:46:00,960 --> 00:46:03,520
Speaker 1: commissions on the resell So like if their resale was

985
00:46:03,760 --> 00:46:06,319
Speaker 1: thirty percent commission every single time it gets resold. So

986
00:46:06,360 --> 00:46:08,880
Speaker 1: now look how much more money that would bring to

987
00:46:08,880 --> 00:46:11,480
Speaker 1: the company Nike, all of those Nikes that's selling for

988
00:46:11,520 --> 00:46:13,640
Speaker 1: like one hundred and fifty retail than they selling for

989
00:46:13,680 --> 00:46:16,439
Speaker 1: like eight hundred dollars in stock. X Imagine if Nike

990
00:46:16,600 --> 00:46:19,759
Speaker 1: had a fifty percent commission on because that's what you

991
00:46:19,800 --> 00:46:22,279
Speaker 1: could do with NFT, right, So now every single time

992
00:46:22,280 --> 00:46:24,880
Speaker 1: it gets sold, Nike's gonna just keep making more they're

993
00:46:24,880 --> 00:46:28,439
Speaker 1: gonna encourage the resellers because now it's just they're gonna

994
00:46:28,480 --> 00:46:31,120
Speaker 1: make more money from the resellers than they actually gonna

995
00:46:31,160 --> 00:46:33,200
Speaker 1: make from just putting it in stores. And they get

996
00:46:33,480 --> 00:46:35,919
Speaker 1: and they get the ability to authenticate it, right, because

997
00:46:35,920 --> 00:46:37,799
Speaker 1: that was one of the issues with soccer extent. Hey

998
00:46:38,200 --> 00:46:40,359
Speaker 1: these ain't really they're not real. But now the NFT,

999
00:46:40,520 --> 00:46:43,680
Speaker 1: actually you can authenticate the sneaker, which actually makes it

1000
00:46:43,760 --> 00:46:45,919
Speaker 1: more of a rare commodity, right because it's like, hey,

1001
00:46:46,080 --> 00:46:48,480
Speaker 1: there's only two thousand of them, so that the price

1002
00:46:48,560 --> 00:46:51,000
Speaker 1: goes up on it automatically because it's a rarity, and

1003
00:46:51,040 --> 00:46:53,000
Speaker 1: then the resale price goes up even further, so there's

1004
00:46:53,000 --> 00:46:55,040
Speaker 1: more money to be made. So be on that. That's

1005
00:46:55,080 --> 00:46:57,040
Speaker 1: one of those technologies that we're gonna definitely see. Like

1006
00:46:57,040 --> 00:46:59,080
Speaker 1: so when ross the last thing about the NFTs, a

1007
00:46:59,080 --> 00:47:02,279
Speaker 1: lot of times who pay attention to the wrong things.

1008
00:47:03,520 --> 00:47:06,520
Speaker 1: Now go ahead, yeah, there's this own one right now.

1009
00:47:11,080 --> 00:47:16,120
Speaker 1: So like people saying like like the monkeys and the artwork,

1010
00:47:16,239 --> 00:47:19,800
Speaker 1: and they thinking like there has no value n yeah, yeah,

1011
00:47:19,840 --> 00:47:22,120
Speaker 1: but that's only part of it. The technology is what

1012
00:47:22,200 --> 00:47:25,080
Speaker 1: you should be focused on. The blockchain technology and what

1013
00:47:25,120 --> 00:47:27,400
Speaker 1: we just talked about as far as how to authenticate

1014
00:47:27,480 --> 00:47:31,120
Speaker 1: things and how to have commissions on things. Take away

1015
00:47:31,600 --> 00:47:33,680
Speaker 1: the bananas and the apes and all of that, like,

1016
00:47:33,880 --> 00:47:36,000
Speaker 1: that's probably a fat that's not probably gonna be here.

1017
00:47:36,239 --> 00:47:39,640
Speaker 1: The technology can't be denied and the technology is gonna

1018
00:47:39,680 --> 00:47:41,200
Speaker 1: end up changing the world. Yeah. The problem with the

1019
00:47:41,239 --> 00:47:43,480
Speaker 1: NFTs people when they first started talking about it, they

1020
00:47:43,480 --> 00:47:46,440
Speaker 1: talked about it like art that appreciates with value, and

1021
00:47:46,480 --> 00:47:48,120
Speaker 1: I think that's that's that was the mistake was in

1022
00:47:48,160 --> 00:47:51,000
Speaker 1: the messaging. I think, yeah, now you're right, you're right,

1023
00:47:51,680 --> 00:47:53,600
Speaker 1: Well invest first, give them the date where they could

1024
00:47:53,640 --> 00:47:56,399
Speaker 1: get tickets, and you guys for joining us. We learned

1025
00:47:56,440 --> 00:48:07,040
Speaker 1: so much. Many more bottles and be more bottles. Easy though,

1026
00:48:07,280 --> 00:48:09,120
Speaker 1: because I know so many women who come at me

1027
00:48:09,120 --> 00:48:10,960
Speaker 1: about regards, I'm like, I hope you ain't going on

1028
00:48:11,040 --> 00:48:12,640
Speaker 1: dates with all these women because that's gonna cost a lot.

1029
00:48:12,600 --> 00:48:16,360
Speaker 1: I gotta be selective. It's been in five three to

1030
00:48:16,440 --> 00:48:19,719
Speaker 1: five one dates I can add up. It's a very

1031
00:48:19,760 --> 00:48:26,839
Speaker 1: selective process that I'm actually managing that. Oh yeah, yeah,

1032
00:48:26,840 --> 00:48:30,440
Speaker 1: she's actually my manager. Okay, his dating So I kind

1033
00:48:30,480 --> 00:48:36,920
Speaker 1: of feel damns about the man shambleshit shot Kincher Ker

1034
00:48:45,239 --> 00:48:49,200
Speaker 1: Singer show Yo Hour Reach is crazy, Yeah, crazy show.

1035
00:48:49,480 --> 00:48:55,759
Speaker 1: It was hilarious. Shot five that week. At least before

1036
00:48:55,800 --> 00:49:11,120
Speaker 1: we show content for your love, that's you know love.

1037
00:49:11,160 --> 00:49:13,000
Speaker 1: Would you be interested in? What is? What? What are

1038
00:49:13,000 --> 00:49:24,120
Speaker 1: you looking for what? Steve Harvey ask that question? Now

1039
00:49:24,160 --> 00:49:26,000
Speaker 1: you know I'm not gonna lie before you came in

1040
00:49:26,080 --> 00:49:41,839
Speaker 1: every day ask me. I could share that. I appreciate that.

1041
00:49:43,920 --> 00:49:46,440
Speaker 1: The ladies, the ladies man, you know, for me, it's

1042
00:49:46,480 --> 00:49:52,640
Speaker 1: just a vibe. You know, it's about curating a vibe,

1043
00:49:52,680 --> 00:49:56,400
Speaker 1: you know, some good energy, a whole lot of good energy.

1044
00:49:57,480 --> 00:50:09,799
Speaker 1: Keep actors. I won't bring up that. I won't bring

1045
00:50:09,920 --> 00:50:22,560
Speaker 1: up the other clip, but that was really invest vest

1046
00:50:23,840 --> 00:50:28,080
Speaker 1: INVESTFST dot com get your tickets before sold out VIP experience,

1047
00:50:28,520 --> 00:50:31,160
Speaker 1: DJ Envy will be there, Sean God will be there,

1048
00:50:31,400 --> 00:50:35,040
Speaker 1: will be there, will Angela. I didn't even ask me

1049
00:50:35,400 --> 00:50:41,919
Speaker 1: actually now all right, Steve Harvey, of course, Tyler Perry,

1050
00:50:42,000 --> 00:50:44,160
Speaker 1: Rick Ross, the whole gang man. So yeah, everybody getting

1051
00:50:44,160 --> 00:50:50,759
Speaker 1: paid in dos coin, don't father will be the father,

1052
00:50:51,600 --> 00:50:54,319
Speaker 1: but not. We appreciate you, guys, man, It's always love.

1053
00:50:54,400 --> 00:50:56,839
Speaker 1: Thank you for having us and go to INVESTFST dot com.

1054
00:50:57,000 --> 00:50:59,319
Speaker 1: Get your tickets. It's gonna be you know, it's gonna

1055
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Speaker 1: be a whole and um, we love you, Atlanta. We'll

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Speaker 1: see you soon. That's all right. It's the Breakfast Club.

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Speaker 1: Earn your leisure