WEBVTT - Professional Development: EYL & Ross Mac on the Power of Exposure, the Wealth Gap, Black Parenting Issues, & Investing 0:00:00.040 --> 0:00:03.600 An illegal alien from Guatemala charged with raping a child 0:00:03.680 --> 0:00:07.480 in Massachusetts. An MS thirteen gang member from Al Salvador 0:00:07.720 --> 0:00:11.840 accused of murdering a Texas man of Venezuelan charged with 0:00:11.920 --> 0:00:15.840 filming and selling child pornography in Michigan. These are just 0:00:15.920 --> 0:00:19.680 some of the heinous migrant criminals caught because of President 0:00:19.720 --> 0:00:23.320 Donald J. Trump's leadership. I'm Christy nom the United States 0:00:23.320 --> 0:00:28.120 Secretary of Homeland Security. Under President Trump, attempted illegal border 0:00:28.160 --> 0:00:31.680 crossings are at the lowest levels ever recorded, and over 0:00:31.760 --> 0:00:34.960 one hundred thousand illegal aliens have been arrested. If you 0:00:35.040 --> 0:00:38.920 are here illegally, your next you will be fined nearly 0:00:39.000 --> 0:00:43.000 one thousand dollars a day, imprisoned, and deported. You will 0:00:43.040 --> 0:00:46.680 never return. But if you register using our CBP home 0:00:46.720 --> 0:00:50.120 app and leave now, you could be allowed to return legally. 0:00:50.479 --> 0:00:55.240 Do what's right. Leave now. Under President Trump, America's laws, 0:00:55.400 --> 0:00:57.400 border and families will. 0:00:57.200 --> 0:00:59.640 Be protected sponsored by the United States Department of Homeland 0:00:59.640 --> 0:01:01.360 Security's my brother. 0:01:01.720 --> 0:01:05.080 God, what's the word? Maybe say nothing? Man? 0:01:05.160 --> 0:01:07.760 I want my twenty fifth hour right now, man, grinding 0:01:07.800 --> 0:01:10.760 it out? May I got my big going crazy? 0:01:10.840 --> 0:01:14.960 Like Hey, it's like that sometimes, you know, the rest 0:01:15.040 --> 0:01:16.880 for the blessed the fact. 0:01:16.880 --> 0:01:17.600 What's going on with you? 0:01:18.400 --> 0:01:18.600 Man? 0:01:18.640 --> 0:01:21.360 You know me daddy daycare over here, I had moms, 0:01:21.360 --> 0:01:22.960 the nanny over here, so we chill. 0:01:22.920 --> 0:01:26.679 Okay, Yeah, No, I just wanted to tap in what 0:01:26.720 --> 0:01:29.959 you mean? Everybody you should know who Ross Mack is 0:01:30.160 --> 0:01:35.559 economics ey l alumni has a show on Revolt Dope 0:01:35.680 --> 0:01:38.840 commentary when it comes to the economy, used to work 0:01:38.880 --> 0:01:39.720 on Wall Street. 0:01:41.440 --> 0:01:43.680 Yeah, very interesting, young man. 0:01:43.840 --> 0:01:48.240 So you will be joining us for our market Monday 0:01:48.360 --> 0:01:52.160 show in Chicago because you are Chicago in as well. 0:01:52.520 --> 0:01:55.000 It's be right, man, it's gonna be history. Man. 0:01:55.040 --> 0:01:59.640 Mind you mentioned native our town representative, so make sure 0:01:59.680 --> 0:02:02.200 you get the tickets. The link is pen But I 0:02:02.240 --> 0:02:03.760 just wanted to rap with you for a minute, a 0:02:03.760 --> 0:02:07.200 few minutes before our show on Sunday, just to talk 0:02:07.240 --> 0:02:09.040 about a few topics. Man. It's a lot going on 0:02:09.040 --> 0:02:14.480 in the world, and I know you're you're an economist, 0:02:14.800 --> 0:02:19.160 so I want to get your opinion from the economy standpoint. 0:02:19.800 --> 0:02:25.559 I'm gonna start with the number one time topic, Israel Palestine. 0:02:25.680 --> 0:02:27.920 You don't have to give me your political views, but 0:02:27.960 --> 0:02:31.240 I rested to hear your economic views on this situation. 0:02:31.960 --> 0:02:34.840 Did you see Biden's press conference just now. 0:02:35.720 --> 0:02:38.600 You know, it's crazy, I called the tail land of it. 0:02:38.639 --> 0:02:41.600 But I saw because you know, I got a few 0:02:42.160 --> 0:02:44.840 updates and stuff like that. But I see he's saying, 0:02:45.000 --> 0:02:48.240 you know, immediately you want to go before Congress. You 0:02:48.280 --> 0:02:51.280 want to get money for Israel as well as Ukraine. 0:02:51.360 --> 0:02:54.200 So you know, my overall view with those things is, 0:02:54.240 --> 0:02:55.359 at the end of the day, war. 0:02:55.280 --> 0:02:56.040 Is always bad. 0:02:56.080 --> 0:02:59.720 Geopolitical tensions are always bad for the for the stock market, 0:02:59.720 --> 0:03:03.160 for the overall economy, right, And I think obviously when 0:03:03.200 --> 0:03:05.680 he goes before Congress and he's asking for more money, 0:03:06.120 --> 0:03:09.000 that's just a function of saying, the US debt is 0:03:09.240 --> 0:03:11.800 only continuing to grow. We had like thirty three trillion, 0:03:12.000 --> 0:03:14.240 like ten years ago, it was like ten trillion, you 0:03:14.240 --> 0:03:16.959 know what I mean. So the idea of like three 0:03:17.200 --> 0:03:19.560 xing over the past ten years is crazy, and that's 0:03:19.639 --> 0:03:22.720 just gonna have a ripple effect for the years to 0:03:22.760 --> 0:03:25.600 come on. Whether that's the tax rate of what you know, 0:03:25.760 --> 0:03:28.720 other different rates in general might be. 0:03:28.840 --> 0:03:31.079 So at the end of the day, I think, you. 0:03:31.040 --> 0:03:35.000 Know, war's never good unless unless you own you know, 0:03:35.040 --> 0:03:39.000 some of those you know, defense sector names, et cetera, 0:03:39.080 --> 0:03:40.720 oil names, et cetera. 0:03:40.880 --> 0:03:43.560 Yeah, I think it's interesting that I think that they know. 0:03:43.720 --> 0:03:45.680 I think the politicians haven't fully. 0:03:46.760 --> 0:03:49.680 I don't think they have a good feel of the 0:03:49.760 --> 0:03:53.080 temperature and the climate just from the posts like we 0:03:53.240 --> 0:03:57.840 just we've been posting about just news topics, and I 0:03:57.840 --> 0:04:00.720 think there's a very anti war sentiment at. 0:04:00.720 --> 0:04:02.280 Least are followers. 0:04:02.800 --> 0:04:06.440 Yes, right, it's very anti war sediment. And it's a 0:04:06.600 --> 0:04:12.080 very anti give money to other country sediment that has 0:04:12.120 --> 0:04:13.720 been going on. And then like when I put the 0:04:13.760 --> 0:04:16.760 post up that one hundred billion dollars was requested, a 0:04:16.760 --> 0:04:18.200 lot some people didn't believe it. They're like, no, you 0:04:18.200 --> 0:04:20.080 made a mistake. It's a hundred million. I'm like, no, 0:04:20.200 --> 0:04:23.200 it's really a billion. So today he actually talked about 0:04:23.240 --> 0:04:27.160 that today that he wants to, you know, get money 0:04:27.200 --> 0:04:30.120 for Ukraine and for Israel. And like I said, they said, 0:04:30.279 --> 0:04:32.640 they're talking about one hundred one hundred million dollar package. 0:04:34.120 --> 0:04:36.680 So what are your thoughts for when people, you know, 0:04:36.920 --> 0:04:40.040 they a lot of people are concerned because they're like, Okay, 0:04:40.640 --> 0:04:41.840 we have student loans. 0:04:42.800 --> 0:04:44.920 You denied student loan. 0:04:46.560 --> 0:04:49.200 Debt relief on a on a wide scale from the 0:04:49.360 --> 0:04:51.760 from on the federal from the federal court situation. But 0:04:52.400 --> 0:04:54.720 now we can go into one hundred million, one hundred 0:04:54.760 --> 0:04:59.080 billion dollars to fund outside wars that the average person 0:04:59.160 --> 0:05:02.000 doesn't see in any benefit in doing that. 0:05:02.160 --> 0:05:05.960 So what's your thoughts in that? Nah, that's crazy. 0:05:05.960 --> 0:05:09.719 So we you know, we don't really go too heavy 0:05:09.760 --> 0:05:13.720 into politics, but I shared a sentiment where a lot 0:05:13.720 --> 0:05:15.760 of people have to ask the question, like where's this 0:05:15.839 --> 0:05:17.800 money going and what's the benefit? 0:05:17.960 --> 0:05:18.159 Right? 0:05:18.240 --> 0:05:21.640 Like the way that they're going to try to pull 0:05:21.640 --> 0:05:24.000 the wool over certain people's eyes is they're gonna say, well, 0:05:24.040 --> 0:05:28.520 you know, we are trying to maintain or I think 0:05:28.560 --> 0:05:33.000 they use a word like for national security. We need 0:05:34.000 --> 0:05:34.800 Ukraine not to. 0:05:34.760 --> 0:05:37.200 Be taken over, we need Israel or to this that, and. 0:05:37.120 --> 0:05:40.159 I think that national security we don't really understand that. 0:05:40.279 --> 0:05:42.480 So the average person, I'm not even gonna say the 0:05:42.520 --> 0:05:45.800 average person, just anybody for the most part, don't know 0:05:45.880 --> 0:05:46.600 what that means. 0:05:46.680 --> 0:05:46.840 Right. 0:05:46.839 --> 0:05:50.640 I remember when Silinski came before Congress and at this moment, 0:05:50.680 --> 0:05:54.320 we had gave Brown them like thirty billion, and he like, Yo, 0:05:54.360 --> 0:05:57.120 that's not enough, and we like, wait a minute, bro, 0:05:57.279 --> 0:06:00.279 Like and so the average person is like, one, why 0:06:00.279 --> 0:06:02.760 do we have to always be the person that kind 0:06:02.800 --> 0:06:05.760 of interject and say, hey, let's take this side of 0:06:05.800 --> 0:06:08.120 that side. But there's so many other things that we 0:06:08.240 --> 0:06:11.000 need to do with that type of money, and for me, 0:06:11.560 --> 0:06:14.320 I don't think giving bread to none of them is 0:06:14.360 --> 0:06:17.039 the right answer. However, I'm not privy to the type 0:06:17.080 --> 0:06:20.000 of national and security conversation that they might be having 0:06:20.000 --> 0:06:21.080 in an oval office. 0:06:22.160 --> 0:06:24.360 So what do you what are you invested in right now? 0:06:24.400 --> 0:06:26.440 I know you know you you you worked on Wall 0:06:26.480 --> 0:06:29.560 Street and you have the series and we talked to 0:06:29.560 --> 0:06:32.240 your children in the back of the car about investing 0:06:32.240 --> 0:06:34.680 in stocks and stuff like that. So what is some 0:06:34.880 --> 0:06:37.240 what some stocks? What are some ets like? What are 0:06:37.240 --> 0:06:40.920 you personally invested in? Or what's on your watch list? 0:06:41.120 --> 0:06:44.480 I love that what's on the watch list at the 0:06:44.600 --> 0:06:47.039 end of the day, you know, I rock with Ian heavy. 0:06:47.080 --> 0:06:49.240 You always got to start off with the two, the 0:06:49.320 --> 0:06:53.320 two indices, right S and P and the Nasdaq after that, 0:06:53.800 --> 0:06:57.159 it's heavy first in tech, you know, so you're always 0:06:57.160 --> 0:07:02.359 looking at the Apple, dam Amazon, right, the Microsoft's. 0:07:03.200 --> 0:07:06.600 I think I love the semiconductor sectors. 0:07:07.160 --> 0:07:13.440 I think I love infrastructure, I love healthcare, and at 0:07:13.480 --> 0:07:14.800 the end of the end, of the day, right, I 0:07:14.840 --> 0:07:18.040 think anytime where you're looking at certain names being down 0:07:18.040 --> 0:07:20.800 to time, Like I'm not touching the travel sector yet, 0:07:20.800 --> 0:07:23.280 but it's been down like thirty pc over the past 0:07:23.800 --> 0:07:26.120 three months, So you're looking at stuff like that, like, Okay, 0:07:26.320 --> 0:07:30.320 it's now time. Like what Disney had crazy you know, 0:07:30.640 --> 0:07:33.120 crazy discount in the eighties is now time? 0:07:33.440 --> 0:07:35.360 Maybe not yet, but like there's. 0:07:35.120 --> 0:07:38.240 Certain names that will always continue to be on the 0:07:38.320 --> 0:07:40.400 watch list, and you're trying to see is now the 0:07:40.440 --> 0:07:43.240 time to you know, get into it. 0:07:43.320 --> 0:07:45.360 But I think the safest is always starting off. 0:07:45.200 --> 0:07:48.160 With the indices and from there just trying to own 0:07:48.240 --> 0:07:51.280 the most powerful tech companies in general. 0:07:52.480 --> 0:07:56.320 So let let's let me ask you about this, you know, 0:07:56.560 --> 0:07:58.640 trending topic. Cardi B. 0:07:58.760 --> 0:08:00.600 I don't know if you saw this, but she has 0:08:00.640 --> 0:08:05.440 said that she would rather invest in burking bags because 0:08:05.560 --> 0:08:09.080 that's a better investment for her as opposed to real estate. 0:08:10.840 --> 0:08:13.080 And you know, when I first saw the headline, I'm like, 0:08:13.440 --> 0:08:16.160 but she actually made a pretty compelling argument. And be 0:08:16.160 --> 0:08:19.920 honest with you, anybody that has you know, I recently 0:08:19.960 --> 0:08:22.320 just brought a home to personally live in it. It's 0:08:22.360 --> 0:08:24.960 not always cracked up to be be honest with you, 0:08:25.760 --> 0:08:27.120 especially when you're building a home. 0:08:27.600 --> 0:08:30.000 My advice to anybody has never built a home. 0:08:32.400 --> 0:08:34.480 If I had to do it over, probably one of 0:08:34.520 --> 0:08:36.480 the worst mistakes I've ever made in my life. 0:08:37.200 --> 0:08:40.280 So when you're building that in New York. 0:08:40.400 --> 0:08:46.120 Okay, So she made some balifour and she was talking 0:08:46.160 --> 0:08:48.280 about how tenants, a lot of her tenants have not 0:08:48.400 --> 0:08:52.880 paid all kinds of issues property, The boiler breaks all 0:08:52.960 --> 0:08:57.839 kinds of stuff. Right, it's on situation. You could buy 0:08:57.840 --> 0:09:00.360 a stock and just not have anything to do with it all. 0:09:00.760 --> 0:09:04.280 If you're buying, you have, Man, it's not there's no 0:09:04.320 --> 0:09:06.959 such thing as passive income when it comes to us. 0:09:07.080 --> 0:09:11.280 I think that that's a phrase that in real estate. 0:09:11.720 --> 0:09:13.040 So what's your thoughts. 0:09:12.720 --> 0:09:15.680 On CARDI b saying that burking bags are a better 0:09:15.720 --> 0:09:16.800 investment than real estate. 0:09:18.320 --> 0:09:20.240 So at the end of the day, right, you got 0:09:20.240 --> 0:09:23.319 to look at a burking bag and understand that that's 0:09:23.360 --> 0:09:24.600 a different asset class. 0:09:24.640 --> 0:09:27.240 So it's not apples to apples, you know what I mean. 0:09:27.320 --> 0:09:30.600 So if you look at a burking bag, if you 0:09:30.640 --> 0:09:32.720 look at rolexes, if you look at wine, if you 0:09:32.720 --> 0:09:35.680 look at art, these are all different asset classes. 0:09:35.720 --> 0:09:38.079 That one our people don't know nothing about. 0:09:38.160 --> 0:09:40.360 All we know about is whether it's real estate or 0:09:40.400 --> 0:09:44.160 stocks for the most part. And crazy enough, right, rolexes 0:09:44.240 --> 0:09:47.160 have been doing better than the SMP over the past 0:09:47.160 --> 0:09:49.760 five ten years. And I got to look into burking Bags, 0:09:49.800 --> 0:09:51.959 but they have been having a crazy. 0:09:51.640 --> 0:09:55.240 They've been a preshiating like twenty five percent per year. 0:09:55.200 --> 0:09:55.960 That's what I'm saying. 0:09:55.960 --> 0:09:58.480 They got a crazy IRR and I and it was 0:09:58.880 --> 0:10:01.240 I had a home. I had a homegirl that worked 0:10:01.280 --> 0:10:04.640 at a at like a consignment store, and she was 0:10:04.679 --> 0:10:06.880 telling me like, man, this all it's a way that 0:10:06.920 --> 0:10:10.439 you even gotta be able to get into these places 0:10:10.440 --> 0:10:12.040 to be it on the Burking Bag. So it's a 0:10:12.040 --> 0:10:15.400 whole different asset class and the access to it. So 0:10:15.440 --> 0:10:18.280 at the end of the day, right, like scarcity gives 0:10:18.320 --> 0:10:22.400 anything value, right, And so there's only a certain amount 0:10:22.400 --> 0:10:25.080 of land in the world. But you've been in New York, 0:10:25.120 --> 0:10:28.000 you know they just building on top of people. But 0:10:28.280 --> 0:10:31.400 I think that you know real estate to your point, 0:10:31.880 --> 0:10:36.839 it's so many it's so many things that you can't control, right, 0:10:37.400 --> 0:10:41.679 the economy down or or interest rates higher, and you're 0:10:41.679 --> 0:10:43.800 trying to sell your crib and then it's so many 0:10:44.000 --> 0:10:45.320 it's so many things, but I love it. 0:10:45.400 --> 0:10:46.080 Like, at the end of the. 0:10:46.160 --> 0:10:49.200 Day, there's nothing wrong with having owning all types of 0:10:49.200 --> 0:10:51.640 different asset classes because mercans, you know. 0:10:51.640 --> 0:10:53.080 That that ain't that ain't none that I know. 0:10:53.160 --> 0:10:55.520 But I know the rolex market and I understand that 0:10:55.640 --> 0:10:58.240 they appreciate it, and it's and it's heavy, and so 0:10:58.280 --> 0:10:59.959 at the end of the day, I think it's obvious 0:11:00.320 --> 0:11:02.600 some stuff you gotta do right where it's like, you 0:11:02.600 --> 0:11:04.880 can still live in this house and it's gonna appreciate 0:11:04.920 --> 0:11:07.520 You're gonna have all these different tax strategies that you 0:11:07.559 --> 0:11:10.800 can leverage, writing all type of other stuff you can leverage. 0:11:10.800 --> 0:11:13.760 Now with a Burking bag, I don't know if I 0:11:13.840 --> 0:11:16.160 buy a burkin for twenty five and I'm wearing it 0:11:16.240 --> 0:11:19.400 every day, or I'm you know, if I'm a girl 0:11:19.440 --> 0:11:23.400 I'm carrying it, I don't necessarily know if it's still gonna. 0:11:23.120 --> 0:11:24.000 Hold that value. 0:11:24.360 --> 0:11:26.040 Now if I'm buying a Burking and I'm putting it 0:11:26.040 --> 0:11:28.720 in the case and it's a crocodile and it was 0:11:28.760 --> 0:11:31.480 fifty racks, I come back in four years now it's 0:11:32.320 --> 0:11:35.160 they discontinue making this. So it was only that might 0:11:35.200 --> 0:11:37.760 be different. But you know, I think I can wear 0:11:37.840 --> 0:11:40.760 my ROLEI longest it's in good condition, it is still appreciated. 0:11:41.679 --> 0:11:46.160 So let me ask you that because you you have 0:11:46.400 --> 0:11:48.000 a pathway that I didn't have. 0:11:48.320 --> 0:11:49.840 Like you went to an Ivy League school. 0:11:49.920 --> 0:11:51.560 You actually went to one of the best universities in 0:11:51.600 --> 0:11:56.560 the world, Warden School of Business. Right, Yeah, that's like 0:11:56.600 --> 0:12:01.000 one of the business schools in the world. And then 0:12:01.120 --> 0:12:05.000 you worked on Wall Street, so you have a very 0:12:05.000 --> 0:12:11.400 interesting pedigree. What was your experience as a black man going. 0:12:11.200 --> 0:12:13.120 To an Ivy League school first? 0:12:13.240 --> 0:12:17.520 And then what was your experience working on on Wall Street? 0:12:17.559 --> 0:12:23.160 Which is probably ninety eight percent white. Hey, both of 0:12:23.200 --> 0:12:26.640 them culture shocks, especially like when you come from the 0:12:26.640 --> 0:12:30.760 inner cities. So I'm from Chicago, from the South Side Chicago, uh, 0:12:31.120 --> 0:12:33.520 and going to the going to Penn going to the 0:12:33.559 --> 0:12:37.320 Ivy League, it was six percent black. So instantly I think, 0:12:37.400 --> 0:12:39.600 and I tell people this all the time, the greatest 0:12:39.640 --> 0:12:40.839 teacher is exposure. 0:12:41.640 --> 0:12:45.920 I remember, the greatest teacher is exposure. It ain't everybody 0:12:45.960 --> 0:12:48.360 think it's like experience. When they say, oh, don't touch 0:12:48.360 --> 0:12:50.120 the iron because it's hot, and you will lookle kid. 0:12:50.200 --> 0:12:52.360 They gonna say, you know, don't touch it, and you're 0:12:52.440 --> 0:12:54.360 not gonna know what's hot until you truly touch it. 0:12:54.760 --> 0:12:56.720 That's cool if we're looking at it in the very 0:12:56.720 --> 0:13:00.840 small lens. The greatest teacher is exposure. And one of 0:13:00.880 --> 0:13:03.680 the things I remember as a surety coming from the 0:13:03.679 --> 0:13:06.679 south Side is I was exposed to you know, all right, 0:13:06.880 --> 0:13:10.400 it's other different races is you know, it's very diverse, 0:13:10.520 --> 0:13:13.600 but it was a diverse way of thinking too though, right. 0:13:13.840 --> 0:13:17.880 And so now you're in class with kids whose dads are. 0:13:17.800 --> 0:13:22.760 CEOs or foreign dignitaries, Mon's richest hell from Italy, you know, 0:13:23.040 --> 0:13:24.920 or all different coaches. 0:13:25.000 --> 0:13:25.200 Right. 0:13:25.280 --> 0:13:29.240 And the crazy thing was how people like we have 0:13:29.360 --> 0:13:33.000 trunk parties, we go the way to school. It was 0:13:33.000 --> 0:13:36.040 a kid that I was in Econ class with and 0:13:36.080 --> 0:13:38.599 to this day to changed my life because he was 0:13:38.679 --> 0:13:43.440 day trading in class, Asian kid day trading in Econ class. 0:13:43.520 --> 0:13:47.000 This is in two thousand and eight, so the big 0:13:47.040 --> 0:13:50.800 recession broke day trading and his graduation gift, his dad 0:13:50.840 --> 0:13:54.600 gifted him a portfolio as opposed to you know, the 0:13:54.640 --> 0:13:57.040 Trump party a little money and I'm a bad new 0:13:57.120 --> 0:14:00.560 computer without like bro So just the way I think you. 0:14:00.880 --> 0:14:05.520 Completely are you saying a trunk party, y'all got them 0:14:05.559 --> 0:14:06.080 in New York. 0:14:06.880 --> 0:14:08.200 I'm not familiar with the trunk. 0:14:08.480 --> 0:14:11.240 What is the Trump trunk party in Chicago? Maybe that's 0:14:11.240 --> 0:14:13.640 the Chicago stuff south off in the comments. If you've 0:14:13.679 --> 0:14:16.760 heard a trunk party, Black people know what the trunk 0:14:16.800 --> 0:14:20.160 party is is literally they're going away to college party 0:14:20.600 --> 0:14:22.880 where you know, you're getting your gifts or you're getting money. 0:14:23.120 --> 0:14:27.240 It's like the idea is like that, like a trunk 0:14:27.400 --> 0:14:30.000 is like a suitcase, you know, I mean a trunk, 0:14:30.080 --> 0:14:32.040 so you put in your gifts there, Well go a 0:14:32.040 --> 0:14:35.240 few yes, sirs. But the reality is a trunk is 0:14:35.280 --> 0:14:37.280 they putting stuff in there what you're gonna take with 0:14:37.320 --> 0:14:37.880 you to college. 0:14:38.360 --> 0:14:41.520 So it's pillows, sheets, whatever it is, you know what 0:14:41.560 --> 0:14:42.760 I mean. But what I'm saying, the. 0:14:46.000 --> 0:14:48.760 Damn near Yeah, then we're go seend kids off the 0:14:48.760 --> 0:14:50.480 school with a trunk full of stuff they gonna need. 0:14:51.560 --> 0:14:53.920 And so that I ain't no way, that's just Chicago's 0:14:54.840 --> 0:14:59.560 I got heard of a trunk for you before. It's 0:14:59.560 --> 0:15:01.960 a good I just I'm not familiar with Trump. 0:15:02.040 --> 0:15:05.400 It's definitely evolved where it ain't no actual trunk, but 0:15:05.440 --> 0:15:07.280 I could imagine back in the day it was a 0:15:07.320 --> 0:15:11.960 true truck, but a trunk, just a hardcover suitcase, you 0:15:12.000 --> 0:15:14.760 know what I mean. But the crazy thing is like 0:15:14.840 --> 0:15:18.080 the cultures are so different though where you know what 0:15:18.120 --> 0:15:19.520 I mean, you going to school and you know what 0:15:19.560 --> 0:15:20.240 you're going for. 0:15:20.320 --> 0:15:22.240 You groomed at a young age where. 0:15:22.080 --> 0:15:26.160 It's like, you know, I came back to the city 0:15:26.680 --> 0:15:30.840 right one, the access to you know, having the Wall 0:15:30.840 --> 0:15:34.160 Street firms on the Ivy League campus recruiting for their jobs, 0:15:34.160 --> 0:15:36.880 Whereas some of my peers I went to high school 0:15:36.920 --> 0:15:39.000 with and some of the homies, they coming back and 0:15:39.040 --> 0:15:41.240 they just bragging on how many girls they may have had, 0:15:41.600 --> 0:15:44.680 and they just chilling in Chicago where the coach where 0:15:44.680 --> 0:15:46.280 I was at paying everybody was trying to get an 0:15:46.280 --> 0:15:50.320 internship or trying to you know, pad their resume so 0:15:50.360 --> 0:15:53.640 that they can go to the respective careers that they 0:15:53.760 --> 0:15:55.560 moms and dads already. 0:15:55.160 --> 0:15:57.000 Was putting them on that on that path to. 0:15:57.120 --> 0:15:59.160 And so at the end of the day, exposure is 0:15:59.160 --> 0:16:02.400 crazy because it's just gonna help you understand the world 0:16:02.400 --> 0:16:04.760 from different lenses, and it's going to expose you to 0:16:04.800 --> 0:16:06.920 different ways people are making money. Right Like if you 0:16:07.080 --> 0:16:10.080 only from you know, East New York and you're from 0:16:10.080 --> 0:16:12.280 flat Bush and these the people in your hood, You're 0:16:12.280 --> 0:16:15.800 only gonna know what the most successful person in that 0:16:15.880 --> 0:16:19.240 hood is done. I'm from South Shore, so whoever was? 0:16:19.800 --> 0:16:21.800 You know, we see the people make it out. Oh 0:16:22.000 --> 0:16:25.920 this athlete or this type of person that's top d boy. 0:16:26.000 --> 0:16:26.520 It's a few. 0:16:26.920 --> 0:16:29.560 You know, you might see a doctor here and there. 0:16:29.600 --> 0:16:34.200 But now you're exposed to different levels of wealth, right, 0:16:34.280 --> 0:16:37.760 Like I thought I knew what rich was in high school, 0:16:37.880 --> 0:16:40.200 but college let me know what wealth was. 0:16:40.240 --> 0:16:44.280 And then working on Wall Street was crazy thing. 0:16:45.080 --> 0:16:47.120 I want to talk about that. You said something you 0:16:47.160 --> 0:16:49.640 said about your friend that was investing. You here the 0:16:49.640 --> 0:16:51.080 first person that you saw a day trading. So the 0:16:51.080 --> 0:16:57.320 crazy thing is this was probably, uh, it was the 0:16:57.400 --> 0:17:00.920 year that Donovan Mitchell got drafted. I forgot what, Yeah 0:17:01.000 --> 0:17:07.119 that was, but that was probably maybe like twenty spider, Yeah, 0:17:07.920 --> 0:17:12.879 twenty fourteen or something like that. Yeah, it was a 0:17:12.880 --> 0:17:16.640 while ago, but so I know I know his family. 0:17:16.640 --> 0:17:19.520 I know Donald Mitchell's family, right, So I went to 0:17:19.600 --> 0:17:21.639 I went to It was in the guard of the 0:17:21.720 --> 0:17:24.000 draft that year, was in Madison Square Garden. 0:17:24.480 --> 0:17:25.639 I was already a professional. 0:17:25.640 --> 0:17:28.920 I was already in my twenties working as a financial advisor, 0:17:29.680 --> 0:17:32.000 and I went to the draft and they had a sweet. 0:17:32.040 --> 0:17:34.440 His family had a suite in the draft. I think 0:17:34.440 --> 0:17:36.439 it might have been a bark plays, but regardless that 0:17:36.520 --> 0:17:38.000 we had a sweet. Right, So I was in the 0:17:38.040 --> 0:17:43.480 suite and we have a mutual family friend where hit 0:17:43.720 --> 0:17:47.880 one of his family friends is a good friend of 0:17:47.960 --> 0:17:52.399 me and Troy as well. So their son went to 0:17:53.840 --> 0:17:56.920 I think he went to Stanford. He went to wanted 0:17:56.960 --> 0:17:59.560 to know he actually was high school. He went to 0:17:59.640 --> 0:18:02.679 like a private high school, right, it is very good 0:18:02.760 --> 0:18:06.639 high school in New York. And I met one of 0:18:06.680 --> 0:18:09.520 his friends. So this kid was like seventeen years old. 0:18:10.080 --> 0:18:12.760 I'm like twenty six, twenty five years old. He's like 0:18:13.560 --> 0:18:18.000 seventeen years years old. And we was having a conversation. 0:18:18.520 --> 0:18:22.160 White kid, and he was telling me about ethereal. He 0:18:22.200 --> 0:18:24.200 was the first person to ever tell me about ethereu. 0:18:25.920 --> 0:18:28.720 This is this coin called ethereal. He was explaining it 0:18:28.760 --> 0:18:30.320 to me. He was explaining to me how it worked 0:18:30.320 --> 0:18:34.679 because at the time I heard a bitcoin. He was 0:18:34.680 --> 0:18:37.720 telling me about extereum and he was telling me how. 0:18:37.840 --> 0:18:40.680 Now this is the part that's interesting. He's seventeen years old. 0:18:40.720 --> 0:18:45.800 And he just graduated from high school. So he was like, yeah, 0:18:45.840 --> 0:18:49.720 you know, my parents they gave me one hundred thousand 0:18:49.720 --> 0:18:53.159 dollars to invest. And he was like, I put thee 0:18:53.200 --> 0:18:57.840 hundred thousand into ethereum, turned one hundred thousand into a million. 0:18:58.400 --> 0:19:00.840 And he was like, now I'm trying to start a 0:19:00.880 --> 0:19:01.720 hedge funtm. 0:19:03.040 --> 0:19:08.520 Sventeen, seventeen years old, right, so that I'll never forget that. 0:19:08.520 --> 0:19:13.159 I'll never forget that conversation because that just put it 0:19:13.200 --> 0:19:14.159 in perspective for me. 0:19:14.600 --> 0:19:14.719 Bro. 0:19:14.920 --> 0:19:18.160 That put come on back for me, like like. 0:19:18.119 --> 0:19:21.560 That Mama never even heard of a hands fun at seventeen, Bro. 0:19:22.200 --> 0:19:23.720 So there's there's so many different levels. 0:19:23.800 --> 0:19:26.840 So a the fact that at seventeen he even has 0:19:26.960 --> 0:19:30.600 enough awareness to even be interested in investing, that's one thing. 0:19:31.600 --> 0:19:34.359 Seventeen he's in a position to get one hundred thousand 0:19:34.400 --> 0:19:36.600 dollars from his family to invest, because if they give 0:19:36.640 --> 0:19:38.439 you one hundred thousand dollars to invest, that means that 0:19:38.480 --> 0:19:42.800 they have that's not even that's nothing like no, that's 0:19:42.840 --> 0:19:46.199 that's the second thing. The third thing is that he 0:19:46.280 --> 0:19:49.800 has enough information to know what to invest in, right. 0:19:50.080 --> 0:19:51.640 And then the fourth thing is. 0:19:51.600 --> 0:19:56.040 That he's aware that he turned Most seventeen year olds, 0:19:56.160 --> 0:19:57.760 you make a million dollars when you're. 0:19:57.600 --> 0:19:59.840 Seventeen years old, you're going crazy. 0:20:00.000 --> 0:20:02.560 He understands that that's just the beginning level, and he's 0:20:02.560 --> 0:20:04.640 already on to the next thing, talking about he wants 0:20:04.640 --> 0:20:05.400 to start a hedge funt. 0:20:05.680 --> 0:20:08.520 Yeah, So that just blew my mind. 0:20:09.000 --> 0:20:11.440 And I actually invested in Etherorium shortly after he told 0:20:11.440 --> 0:20:11.760 me that. 0:20:11.920 --> 0:20:13.280 But that just blew my mind. 0:20:13.359 --> 0:20:17.159 That was like I never had conversations like that with 0:20:17.240 --> 0:20:20.000 anybody in high school or anybody in life up until 0:20:20.000 --> 0:20:20.520 that point. 0:20:20.880 --> 0:20:22.879