1
00:00:00,400 --> 00:00:04,840
Speaker 1: Wait that ass up in the morning Breakfast Clubs The

2
00:00:05,280 --> 00:00:07,960
Speaker 1: Dangerous Morning Show to Breakfast Club Charlomagne and God Angela. Ye.

3
00:00:08,160 --> 00:00:10,440
Speaker 1: Envy is not here and he's actually off the country.

4
00:00:10,480 --> 00:00:13,400
Speaker 1: But we got family in the building. Man, the brothers

5
00:00:13,440 --> 00:00:15,880
Speaker 1: from Arn Your Leisure was shot in Troy and the

6
00:00:16,040 --> 00:00:18,960
Speaker 1: Master Investor he and dunlap his head. What's happening in

7
00:00:19,000 --> 00:00:32,840
Speaker 1: my people's brother official official? Just say you don't Saint

8
00:00:32,880 --> 00:00:36,960
Speaker 1: Patrick today, don't got no regular clothes, none of but suits.

9
00:00:37,000 --> 00:00:39,000
Speaker 1: You gotta dress how you want to be address. That's

10
00:00:39,040 --> 00:00:40,479
Speaker 1: a fact. You know what he's saying. No, that's real.

11
00:00:40,600 --> 00:00:43,559
Speaker 1: Say it again. You want to be address? That's real.

12
00:00:43,680 --> 00:00:45,800
Speaker 1: I heard that. So why is she dressed? How you

13
00:00:45,800 --> 00:00:48,839
Speaker 1: want to be a dressed? I want to have a

14
00:00:48,960 --> 00:00:53,840
Speaker 1: mom like moms. The tea and coffee kind of sociated.

15
00:00:54,080 --> 00:00:56,760
Speaker 1: You got the lumber jack thing going. That's what I'm

16
00:00:56,760 --> 00:01:00,080
Speaker 1: blessed with. But market mondays man tell us about that

17
00:01:00,520 --> 00:01:04,320
Speaker 1: at the Hulu Theater Madison Square Garden on November twenty seven. Yes, yeah,

18
00:01:04,360 --> 00:01:07,200
Speaker 1: so it's really really big, not only just you know,

19
00:01:07,200 --> 00:01:10,000
Speaker 1: we're doing a show a massive Square Garden on Black

20
00:01:10,000 --> 00:01:13,720
Speaker 1: Friday weekend. That's obviously tremendously important for the city and

21
00:01:13,800 --> 00:01:15,800
Speaker 1: for the culture. But I think that it just speaks

22
00:01:15,880 --> 00:01:18,000
Speaker 1: volumes of where we're at right now, where we can

23
00:01:18,040 --> 00:01:20,959
Speaker 1: sell out a venue like you know, MSG Hulu Theater

24
00:01:21,360 --> 00:01:24,520
Speaker 1: and we're not rapping, we're not playing basketball, we're teaching

25
00:01:24,520 --> 00:01:27,319
Speaker 1: about financial literacy. But it's a vibe. So you know,

26
00:01:27,360 --> 00:01:29,960
Speaker 1: it's something that's extremely encouraging and really really dope to

27
00:01:30,000 --> 00:01:34,080
Speaker 1: see so many people enthusiastic about it, and you know

28
00:01:34,120 --> 00:01:36,160
Speaker 1: it's gonna be a night to remember. I actually want

29
00:01:36,200 --> 00:01:39,560
Speaker 1: to say something if I can. Are surprised that we're

30
00:01:39,560 --> 00:01:45,640
Speaker 1: gonna break this. Okay, okay, so nobody has heard this

31
00:01:45,680 --> 00:01:49,680
Speaker 1: news for this moment, so so all right, So our

32
00:01:49,720 --> 00:01:52,520
Speaker 1: shows are vibes. You guys, you know you've been to

33
00:01:53,680 --> 00:01:58,160
Speaker 1: you haven't been? Yeah, I mean it was insane. It

34
00:01:58,200 --> 00:02:00,680
Speaker 1: couldn't even walk down the hallway. Yeah, that's because Steve

35
00:02:00,680 --> 00:02:07,480
Speaker 1: Harvey was there and Jesus Steve was there because of them,

36
00:02:07,880 --> 00:02:09,560
Speaker 1: he's our partner. They were like, no, it could go

37
00:02:09,600 --> 00:02:18,480
Speaker 1: in the hallway right now. No. But so so for

38
00:02:18,600 --> 00:02:20,760
Speaker 1: Masson Square, we got a dope line up. We got

39
00:02:20,760 --> 00:02:24,120
Speaker 1: my guy Mouse Jones to open it up with Trap

40
00:02:24,840 --> 00:02:30,359
Speaker 1: one on the one and two. Yes, so we got

41
00:02:30,800 --> 00:02:33,040
Speaker 1: we got we got Peter Tuckman. We call he's the

42
00:02:33,120 --> 00:02:35,080
Speaker 1: Einstein of Wall Street. The guys were on Wall Street

43
00:02:35,080 --> 00:02:36,919
Speaker 1: for like thirty years. He's a he's a genius when

44
00:02:36,919 --> 00:02:39,560
Speaker 1: it comes to stock investing. We got Don Peebles, who's

45
00:02:39,600 --> 00:02:43,160
Speaker 1: a billion real estate developer working on building the first

46
00:02:43,160 --> 00:02:46,880
Speaker 1: black owned skyscraper in New York City. And then we

47
00:02:46,960 --> 00:02:49,280
Speaker 1: got our guy Jada Kiss to perform. I thought it

48
00:02:49,280 --> 00:02:51,000
Speaker 1: would be only right to have Jada Kiss in the

49
00:02:51,000 --> 00:02:54,920
Speaker 1: building we got to and then, um, you know, Ian

50
00:02:55,080 --> 00:02:58,840
Speaker 1: is gonna give his his masterful performance, but you're gonna

51
00:02:58,840 --> 00:03:02,799
Speaker 1: perform too. I'm I'm going to tea. I try to

52
00:03:02,840 --> 00:03:05,000
Speaker 1: make sure in the education that it is entertaining because

53
00:03:05,000 --> 00:03:06,799
Speaker 1: who all have been a seminars and it's really boring.

54
00:03:07,160 --> 00:03:09,120
Speaker 1: So I'll be covering the twenty five stocks to invest

55
00:03:09,200 --> 00:03:11,520
Speaker 1: in the fifty to stay away from the two crypto.

56
00:03:11,560 --> 00:03:13,640
Speaker 1: A like to tend to stay away from how to

57
00:03:13,639 --> 00:03:16,240
Speaker 1: make twenty two thousand a day from trader. But I

58
00:03:16,240 --> 00:03:17,959
Speaker 1: have to make some calls. We've got a special guests

59
00:03:18,000 --> 00:03:20,040
Speaker 1: coming there. Yeah, so we're gonna have a sit down

60
00:03:20,120 --> 00:03:24,919
Speaker 1: conversation with none other than the champ Floyd Money. Mayweather

61
00:03:27,320 --> 00:03:31,440
Speaker 1: is invest skyscrapers lutely. I think that's one of the

62
00:03:31,520 --> 00:03:34,440
Speaker 1: things people overlook, right they see him, you know, spending money,

63
00:03:34,440 --> 00:03:36,320
Speaker 1: but they don't realize what he's doing in business. So

64
00:03:36,320 --> 00:03:39,080
Speaker 1: the commercial commercial real estate is something He's also invested

65
00:03:39,120 --> 00:03:41,880
Speaker 1: in Nascar. He has a lot. His portfolio is so expansive,

66
00:03:42,200 --> 00:03:44,240
Speaker 1: but people tend to overlook that. And so to sit

67
00:03:44,320 --> 00:03:45,960
Speaker 1: down with him to go over that, and I feel

68
00:03:46,000 --> 00:03:47,880
Speaker 1: like he's wanted to talk about it for so long,

69
00:03:48,160 --> 00:03:51,000
Speaker 1: but people just, you know, they just want to hear boxing.

70
00:03:51,240 --> 00:03:52,760
Speaker 1: But like now, he has a great mind and a

71
00:03:52,760 --> 00:03:55,400
Speaker 1: great business. When he got the tallest building in New York,

72
00:03:55,440 --> 00:03:59,320
Speaker 1: he's part of the ninety three story Vanderbilt, And you know,

73
00:03:59,320 --> 00:04:02,600
Speaker 1: so his portfolio, he has that under his portfolio. But

74
00:04:02,640 --> 00:04:05,080
Speaker 1: there's like eight other scotscrapers in New York that nobody

75
00:04:05,120 --> 00:04:07,920
Speaker 1: even thinks of. Floyd Foy maybe the one they think

76
00:04:07,920 --> 00:04:09,480
Speaker 1: of it, but he's definitely part of it. And he

77
00:04:09,600 --> 00:04:11,360
Speaker 1: changed the game for sports too. He's the first guy

78
00:04:11,400 --> 00:04:13,000
Speaker 1: to make one hundred million dollars and want to fight

79
00:04:13,000 --> 00:04:15,040
Speaker 1: two hundred million dollars. But you know, the way he

80
00:04:15,440 --> 00:04:19,920
Speaker 1: revolutionized boxing and being his own, you know, entity as

81
00:04:19,920 --> 00:04:21,680
Speaker 1: a business as opposed to you know, everybody else that

82
00:04:21,680 --> 00:04:23,800
Speaker 1: has working with promoters for such a long period of time,

83
00:04:24,080 --> 00:04:25,520
Speaker 1: and him and out Hayman what they've been able to

84
00:04:25,560 --> 00:04:26,880
Speaker 1: do on a business side, I don't think he gets

85
00:04:26,960 --> 00:04:28,800
Speaker 1: enough credit for it. And he has an all black

86
00:04:28,800 --> 00:04:31,240
Speaker 1: team too. When you look at out Hayman, when you

87
00:04:31,279 --> 00:04:34,240
Speaker 1: look at Leonard ellerbe Um, you know, I don't think

88
00:04:34,240 --> 00:04:37,040
Speaker 1: Floyd actually gets enough credit for his business acumen. So

89
00:04:37,320 --> 00:04:39,960
Speaker 1: to have a conversation with Chip at Madison Square Gardens

90
00:04:40,000 --> 00:04:41,839
Speaker 1: gonna be legendary. That's a huge deal. And I'm sure

91
00:04:41,839 --> 00:04:44,400
Speaker 1: he had some fights there too. Yeah, for him to

92
00:04:44,440 --> 00:04:47,280
Speaker 1: go there in a different type of yeah, yeah. I

93
00:04:47,320 --> 00:04:50,000
Speaker 1: mean you think of the greatest fights in the Masters

94
00:04:50,200 --> 00:04:52,359
Speaker 1: Garden obviously, you think Ali Fraser, you think all the

95
00:04:52,360 --> 00:04:55,440
Speaker 1: great heavyweights that have come there to have this probably

96
00:04:55,440 --> 00:04:57,160
Speaker 1: one of the greatest of all time come but not

97
00:04:57,320 --> 00:04:59,440
Speaker 1: actually sparring. He's actually gonna be talking about business. I

98
00:04:59,440 --> 00:05:01,880
Speaker 1: think it's just something than that's monumental. May whether Jada

99
00:05:01,960 --> 00:05:09,080
Speaker 1: Kiss Boy two championship, definitely. I wonder what what has

100
00:05:09,120 --> 00:05:11,840
Speaker 1: more impact for y'all nowadays? Is it the podcast of

101
00:05:11,920 --> 00:05:14,520
Speaker 1: the live shows, because y'all killing with the live shows

102
00:05:14,520 --> 00:05:17,479
Speaker 1: like you did the Garden, y'all sold out London. It

103
00:05:17,480 --> 00:05:19,920
Speaker 1: would invest Fest like you know, you had twelve thousand

104
00:05:19,960 --> 00:05:23,520
Speaker 1: in Atlanta, fourteen fourteen, fourteen thousand in Atlanta? How many

105
00:05:23,560 --> 00:05:27,920
Speaker 1: in London? Four thousand? Like what's having more impact for y'all? Now,

106
00:05:28,160 --> 00:05:30,960
Speaker 1: if I can speak freely, I think a combination of both.

107
00:05:31,120 --> 00:05:34,640
Speaker 1: Of course, they built one of the biggest podcasts in history,

108
00:05:34,920 --> 00:05:36,400
Speaker 1: but I think when you get a chance to talk

109
00:05:36,440 --> 00:05:39,279
Speaker 1: to people in person, it's one thing that I've prided

110
00:05:39,320 --> 00:05:41,080
Speaker 1: myself on and they have as well as like making

111
00:05:41,120 --> 00:05:44,880
Speaker 1: time for the people, interacting, shaking hands and kissing babies.

112
00:05:45,080 --> 00:05:46,760
Speaker 1: So I think it's a combination of both that you

113
00:05:46,800 --> 00:05:49,640
Speaker 1: need to do in order to have a sustainable model

114
00:05:49,680 --> 00:05:51,800
Speaker 1: for the long term. And he's changed the game too.

115
00:05:51,839 --> 00:05:55,440
Speaker 1: I want to give him his credit because he he

116
00:05:55,880 --> 00:05:58,760
Speaker 1: changed the game as far as like performing. So when

117
00:05:58,760 --> 00:06:01,400
Speaker 1: I say he's performing, really mean he's performing. Like he

118
00:06:01,440 --> 00:06:03,760
Speaker 1: came to invest Vest with two hundred people on stage

119
00:06:04,000 --> 00:06:06,800
Speaker 1: and a mask and smoking. He was asking for all

120
00:06:06,880 --> 00:06:08,680
Speaker 1: this stuff and I'm like, yo, bro, you're bugging out.

121
00:06:08,839 --> 00:06:17,760
Speaker 1: But then I realized to take and everything. Fan y'all

122
00:06:17,760 --> 00:06:19,279
Speaker 1: wanted to do some of the d X. I saw

123
00:06:19,279 --> 00:06:21,640
Speaker 1: you this thing, so I wanted to have those kind

124
00:06:21,680 --> 00:06:23,640
Speaker 1: of things in there because when we go to seminars

125
00:06:23,800 --> 00:06:26,760
Speaker 1: normally there I've never heard anybody to say I went

126
00:06:26,800 --> 00:06:29,600
Speaker 1: to a seminar and man, I had a blast. You

127
00:06:29,640 --> 00:06:33,640
Speaker 1: may learn something. So taking those elements from wrap Wu tang, pop,

128
00:06:34,200 --> 00:06:37,680
Speaker 1: WWWCW and blended them all in plus teaching you how

129
00:06:37,680 --> 00:06:40,160
Speaker 1: to make money, I think as a formula because born

130
00:06:40,320 --> 00:06:43,360
Speaker 1: is always uh, it's going to push our people away.

131
00:06:43,360 --> 00:06:45,599
Speaker 1: And if we want our people to be interested in

132
00:06:45,680 --> 00:06:49,640
Speaker 1: money investing, we have to package and entertain the fashion. Now,

133
00:06:49,720 --> 00:06:51,080
Speaker 1: since you guys are here, you know, we got to

134
00:06:51,120 --> 00:06:56,880
Speaker 1: talk about some things and we finance. This is your field.

135
00:06:56,920 --> 00:07:00,960
Speaker 1: Because y'all just brought up crypto. Okay, okay, fx FTX yes,

136
00:07:01,120 --> 00:07:02,680
Speaker 1: So I want to talk about that for you to

137
00:07:02,680 --> 00:07:04,920
Speaker 1: break that down because the other day we reported this

138
00:07:05,120 --> 00:07:09,479
Speaker 1: um this guy basically lost his fifteen point six billion

139
00:07:09,480 --> 00:07:13,720
Speaker 1: dollar fortune Sam Bakeman free and so how did that happen?

140
00:07:13,800 --> 00:07:15,680
Speaker 1: And does that mean? Because I know we sat up

141
00:07:15,720 --> 00:07:18,560
Speaker 1: here and talked about it, people already scared of crypto.

142
00:07:18,960 --> 00:07:21,760
Speaker 1: I know, mby was like, I'm glad I didn't get that,

143
00:07:22,360 --> 00:07:24,280
Speaker 1: you know, And I know, Charlotteanne, you haven't invested in

144
00:07:24,280 --> 00:07:27,560
Speaker 1: crypto either, right, No, But I mean I believe in crypto.

145
00:07:27,640 --> 00:07:29,720
Speaker 1: I just don't think that all of these different currencies

146
00:07:29,720 --> 00:07:33,840
Speaker 1: will go to sustain uman. Bitcoin seemed like the most

147
00:07:34,040 --> 00:07:37,760
Speaker 1: stable one. Smart all right, So let's talk about that

148
00:07:37,840 --> 00:07:39,800
Speaker 1: and what that actually means. Because it did, it did

149
00:07:39,920 --> 00:07:41,600
Speaker 1: make a lot of people be like, see, I told you,

150
00:07:41,640 --> 00:07:46,160
Speaker 1: that's why I didn't do it. Yeah. I mean the

151
00:07:46,200 --> 00:07:48,320
Speaker 1: most important thing is, and I'll set this yesterday on

152
00:07:48,360 --> 00:07:51,960
Speaker 1: the show, if you bring a cryptocurrency token up to

153
00:07:52,000 --> 00:07:55,240
Speaker 1: your family and friends. My litmus test is always my mom, dad,

154
00:07:55,720 --> 00:07:58,240
Speaker 1: and elders, and I asked him, doesn't sound like a

155
00:07:58,360 --> 00:08:00,840
Speaker 1: scam to you? So if I'm telling you that I

156
00:08:00,880 --> 00:08:02,840
Speaker 1: have a token and it's one up nine thousand percent

157
00:08:02,840 --> 00:08:05,480
Speaker 1: of three thousand percent, most of our family are going

158
00:08:05,520 --> 00:08:07,640
Speaker 1: to say, hey, it's a scam. Like another good limits

159
00:08:07,640 --> 00:08:09,680
Speaker 1: test if I brought it to you, which you buy

160
00:08:09,720 --> 00:08:12,040
Speaker 1: it from me. So I think one of the biggest

161
00:08:12,080 --> 00:08:13,960
Speaker 1: issues that we have is that we are looking for

162
00:08:14,600 --> 00:08:17,480
Speaker 1: sensational games with no work, and everyone knows in here

163
00:08:17,960 --> 00:08:20,880
Speaker 1: you can get seven thousand percent five thousand percent return

164
00:08:21,160 --> 00:08:24,280
Speaker 1: without working and what he was able to do as

165
00:08:24,320 --> 00:08:25,760
Speaker 1: he was able to get. And we have to talk

166
00:08:25,760 --> 00:08:28,560
Speaker 1: about the venture capital community. They're the ones who are

167
00:08:28,640 --> 00:08:31,880
Speaker 1: funding a lot of these projects that are going belly up.

168
00:08:32,160 --> 00:08:33,840
Speaker 1: So we have to start from the top down. But

169
00:08:34,720 --> 00:08:36,280
Speaker 1: I don't want to say it was a scam from

170
00:08:36,280 --> 00:08:38,440
Speaker 1: the beginning, but anyone who's been closer to the situation,

171
00:08:38,520 --> 00:08:41,160
Speaker 1: whenever you take clients money and you put it towards

172
00:08:41,160 --> 00:08:45,640
Speaker 1: your project because you're losing money, that is fraud. Yeah. So,

173
00:08:45,960 --> 00:08:49,400
Speaker 1: and to give people a full explanation of what actually happened,

174
00:08:49,400 --> 00:08:52,920
Speaker 1: So Sam, he had an exchange called FTX and they

175
00:08:52,960 --> 00:08:56,240
Speaker 1: have a currency called FTT. So it's like, if you're

176
00:08:56,400 --> 00:08:58,440
Speaker 1: familiar with the crypto world, buying it, you ever heard

177
00:08:58,480 --> 00:09:01,400
Speaker 1: of buying x, So buying is like the largest global

178
00:09:01,720 --> 00:09:03,320
Speaker 1: platform when it comes to crypto. And they have a

179
00:09:03,360 --> 00:09:07,960
Speaker 1: Binance coin, so FTT was the native currency for FTX.

180
00:09:08,240 --> 00:09:10,920
Speaker 1: So what ended up happening is that a report was

181
00:09:10,960 --> 00:09:16,120
Speaker 1: published that um ftx held a suspicious amount of FTT

182
00:09:16,600 --> 00:09:21,839
Speaker 1: currency and it made it made Binance, who actually had

183
00:09:21,880 --> 00:09:25,200
Speaker 1: a lot of FTT coins, publicly announced that they were

184
00:09:25,240 --> 00:09:28,000
Speaker 1: going to be selling that FTT coins because they wasn't

185
00:09:28,040 --> 00:09:35,320
Speaker 1: comfortable with the situation ruined them. So once Binance put

186
00:09:35,360 --> 00:09:38,800
Speaker 1: that out, everybody got scared. Everybody thought that this coin

187
00:09:38,920 --> 00:09:41,240
Speaker 1: is gonna fall apart. So now you got to run

188
00:09:41,240 --> 00:09:43,840
Speaker 1: on the bank and everybody's trying to pull their coins out.

189
00:09:44,160 --> 00:09:47,920
Speaker 1: There wasn't enough liquidity to cover everybody trying to pull

190
00:09:47,960 --> 00:09:51,080
Speaker 1: their money out. So when that happened, that collapsed the

191
00:09:51,120 --> 00:09:56,000
Speaker 1: coin overnight, which collapsed the exchanged overnight, which collapsed his

192
00:09:56,080 --> 00:09:58,559
Speaker 1: fortune overnight. He lost fourteen point six billion dollars in

193
00:09:58,640 --> 00:10:01,560
Speaker 1: one day. So yeah, yeah, So that the other part

194
00:10:01,679 --> 00:10:04,000
Speaker 1: is like, no one who your competition is. So you

195
00:10:04,040 --> 00:10:08,160
Speaker 1: said finance, right, yeah, so and in retrospect, finance saw

196
00:10:08,160 --> 00:10:09,640
Speaker 1: that they were going to collapse and say, hey, maybe

197
00:10:09,640 --> 00:10:11,880
Speaker 1: we'll build you out. But in order to build you out,

198
00:10:11,920 --> 00:10:15,040
Speaker 1: we have to see your books. If we know cryptocurrency

199
00:10:15,120 --> 00:10:17,360
Speaker 1: in the space there is no regulation, so people don't

200
00:10:17,360 --> 00:10:19,000
Speaker 1: have to show their books. But in order to me

201
00:10:19,080 --> 00:10:20,840
Speaker 1: to help you, I need to see it. When they

202
00:10:20,840 --> 00:10:23,480
Speaker 1: looked at the numbers, they said, wait, there's no liquidity here.

203
00:10:23,559 --> 00:10:25,880
Speaker 1: I'm not doing this right. And so now you've shown

204
00:10:25,960 --> 00:10:28,640
Speaker 1: your competition the books, right, and now they're like, let's

205
00:10:28,679 --> 00:10:33,440
Speaker 1: destroy you now, right. So it's like we're going to

206
00:10:32,800 --> 00:10:37,640
Speaker 1: be completely exactly. We might help me, but now that

207
00:10:37,679 --> 00:10:39,920
Speaker 1: you've showed us that what you have now but there's

208
00:10:39,960 --> 00:10:41,240
Speaker 1: no way we're going to help you. And so now

209
00:10:41,480 --> 00:10:44,120
Speaker 1: you're talking about in exchange that is now going and

210
00:10:44,200 --> 00:10:46,040
Speaker 1: now the founder of finance is like, all right, well

211
00:10:46,120 --> 00:10:50,760
Speaker 1: let's rebuild this. Yea. It's like billions Yo conquer a

212
00:10:50,880 --> 00:10:54,400
Speaker 1: Netflix documentary and billions in real time. But also to

213
00:10:54,880 --> 00:10:58,760
Speaker 1: look at the arrogance of Sam at thirty to tell

214
00:10:59,679 --> 00:11:02,080
Speaker 1: other investors we don't want to work with you. They

215
00:11:02,120 --> 00:11:04,400
Speaker 1: had no border directors and when people act to see

216
00:11:04,400 --> 00:11:08,880
Speaker 1: the financials, they said, no, that's signed number one. That

217
00:11:09,640 --> 00:11:12,800
Speaker 1: is a problem. Yes, it could be a problem, yeah yeah,

218
00:11:12,840 --> 00:11:15,120
Speaker 1: but I mean what does it do for crypto long term?

219
00:11:15,320 --> 00:11:17,800
Speaker 1: Like you said, a lot of people have fear around it.

220
00:11:17,960 --> 00:11:20,600
Speaker 1: I think regulation comes. I don't know how fast it comes,

221
00:11:20,600 --> 00:11:23,079
Speaker 1: but it will come because people are not going to

222
00:11:23,160 --> 00:11:26,120
Speaker 1: stand to see money being lost. Obviously, hatch funds managers

223
00:11:26,120 --> 00:11:28,560
Speaker 1: have lost money, but yet people have lost money. And

224
00:11:28,600 --> 00:11:31,680
Speaker 1: the more people lose money and big wigs lose money,

225
00:11:31,960 --> 00:11:34,480
Speaker 1: regulation will come at some point to say, all right,

226
00:11:34,559 --> 00:11:37,400
Speaker 1: this can't happen again. It won't Regulations scan people too though,

227
00:11:37,440 --> 00:11:39,640
Speaker 1: because isn't the One of the reasons people like bigcoin

228
00:11:39,679 --> 00:11:42,800
Speaker 1: is because it's not regulated. But I think going into

229
00:11:42,840 --> 00:11:46,160
Speaker 1: the election cycle, one of the biggest things that they're

230
00:11:46,160 --> 00:11:48,040
Speaker 1: going to run is the safety of the people. In

231
00:11:48,240 --> 00:11:50,559
Speaker 1: two thousand and eight and two thousand and nine, regulations

232
00:11:50,640 --> 00:11:52,840
Speaker 1: got a lot tighter. So as a result, they're going

233
00:11:52,880 --> 00:11:54,439
Speaker 1: to angle it and say, and I've told people from

234
00:11:54,440 --> 00:11:57,360
Speaker 1: the beginning hatche funds and banks have put people in

235
00:11:57,360 --> 00:12:00,280
Speaker 1: these crypto projects to destroy them so that the because

236
00:12:00,320 --> 00:12:02,800
Speaker 1: then't take them over. J Morgan has been partnering with

237
00:12:02,840 --> 00:12:07,280
Speaker 1: Ethereum this destruction of ftx's playing. So regulation may push

238
00:12:07,320 --> 00:12:10,160
Speaker 1: people away for a little bit, but it will create safety.

239
00:12:10,400 --> 00:12:12,760
Speaker 1: You holding onto your crypto. I'm holding on a Bitcoin

240
00:12:12,800 --> 00:12:15,080
Speaker 1: and etherium. I like Ripple as well, but outside of that,

241
00:12:15,320 --> 00:12:17,719
Speaker 1: I'm not touching. I mean, I tell people last year

242
00:12:17,720 --> 00:12:19,640
Speaker 1: when it was at sixty thousand, Bitcoin is gonna come

243
00:12:19,640 --> 00:12:22,480
Speaker 1: down to twenty. We're a little bit of underneath that um.

244
00:12:22,559 --> 00:12:24,280
Speaker 1: I think Ethereum is going to hit a low. I

245
00:12:24,280 --> 00:12:27,120
Speaker 1: think Bitcoin may actually hit maybe ninety five nine thousand,

246
00:12:27,160 --> 00:12:30,200
Speaker 1: five hundred and eighty three. That's surprise. So I'm looking

247
00:12:30,200 --> 00:12:32,960
Speaker 1: to add some more considerably. So you think it's still

248
00:12:32,960 --> 00:12:35,560
Speaker 1: worth buying if you're old, Yeah, if you're holding a

249
00:12:35,600 --> 00:12:38,720
Speaker 1: long term Our biggest mistake in the culture we want

250
00:12:38,720 --> 00:12:41,040
Speaker 1: to flip really fast. And I said this yesterday on

251
00:12:41,040 --> 00:12:43,880
Speaker 1: the show, like I never hear you or Steve Harvey

252
00:12:43,960 --> 00:12:46,360
Speaker 1: or you ever say, hey, I'm buying these coins that

253
00:12:46,440 --> 00:12:48,320
Speaker 1: no one else has heard of, that everyone's talking about

254
00:12:48,360 --> 00:12:52,200
Speaker 1: on Twitter and Instagram. If these coins and projects that bible,

255
00:12:52,679 --> 00:12:55,040
Speaker 1: everybody in the industry will be pouring their money into them.

256
00:12:55,400 --> 00:12:57,600
Speaker 1: Sometimes you just have to find follow the people that

257
00:12:57,640 --> 00:12:59,719
Speaker 1: are doing really well and mimic what they're doing to

258
00:12:59,800 --> 00:13:01,800
Speaker 1: have long term success. But I'm only really focused on

259
00:13:01,800 --> 00:13:04,839
Speaker 1: the Big three can come back from this. So he's

260
00:13:04,880 --> 00:13:12,280
Speaker 1: done where Okay, let's look at he has an entire

261
00:13:12,400 --> 00:13:16,240
Speaker 1: financial industry against him. He ruined crypto. When you take

262
00:13:16,600 --> 00:13:18,840
Speaker 1: so he ran Alameda Research, which is their heads fund.

263
00:13:19,960 --> 00:13:22,280
Speaker 1: When you take money from clients and move it over here,

264
00:13:22,960 --> 00:13:25,600
Speaker 1: it's not legal and and every this is the biggest

265
00:13:25,600 --> 00:13:29,360
Speaker 1: point in every recession and scandal. You need a fall guy.

266
00:13:30,280 --> 00:13:32,360
Speaker 1: He is going to end up being the Bernie made

267
00:13:32,360 --> 00:13:36,800
Speaker 1: off of Crypto. So with Bernie, people knew what he

268
00:13:36,840 --> 00:13:38,600
Speaker 1: were doing for years. That were whistle blowers, They were

269
00:13:38,600 --> 00:13:40,760
Speaker 1: talking about it for five or six years. It wasn't

270
00:13:40,840 --> 00:13:44,600
Speaker 1: until the recession when they really put that fire out

271
00:13:44,800 --> 00:13:47,200
Speaker 1: and made him be the face of it. Bernie ran

272
00:13:47,280 --> 00:13:51,360
Speaker 1: the NASTAC for many years, and they knew what was

273
00:13:51,400 --> 00:13:54,720
Speaker 1: happening here with FTX and FTT. I think, unfortunately, because

274
00:13:54,720 --> 00:13:56,679
Speaker 1: we're in a recession now, even though they want to

275
00:13:56,679 --> 00:13:59,600
Speaker 1: announce it, he'll be the fall guy for Crypto. Wow,

276
00:14:00,040 --> 00:14:01,600
Speaker 1: you can go to jail. You did say it's fraud,

277
00:14:01,880 --> 00:14:03,959
Speaker 1: all right? I mean we have to see yeah you

278
00:14:04,000 --> 00:14:05,959
Speaker 1: got You gotta be careful. You gotta be careful when

279
00:14:05,960 --> 00:14:08,920
Speaker 1: you just we can't we can't just say that legally

280
00:14:08,920 --> 00:14:12,000
Speaker 1: because we don't really know it's alleged um. But you

281
00:14:12,080 --> 00:14:14,719
Speaker 1: just gotta wait and see why why our evaluation is

282
00:14:14,720 --> 00:14:18,520
Speaker 1: so important? Because I'm just realizing that people don't realize

283
00:14:18,520 --> 00:14:20,440
Speaker 1: when they see these numbers like oh, such such as

284
00:14:20,440 --> 00:14:22,680
Speaker 1: worth three million, I mean three billion or four billion.

285
00:14:24,160 --> 00:14:26,520
Speaker 1: You know what's so crazy about the Kanye Um? You

286
00:14:26,640 --> 00:14:33,200
Speaker 1: got yay? You know, you know, you know you know

287
00:14:33,280 --> 00:14:36,240
Speaker 1: so crazy about that is Um the day that they

288
00:14:36,560 --> 00:14:40,080
Speaker 1: announced that he lost all of his money. UM, the

289
00:14:40,200 --> 00:14:42,480
Speaker 1: day before that, I was in La meet Troy at

290
00:14:42,560 --> 00:14:44,960
Speaker 1: nineteen Keys shout out to Keys, and we was talking

291
00:14:45,080 --> 00:14:48,520
Speaker 1: and I'm like, I have a strong suspicion that probably

292
00:14:48,600 --> 00:14:52,040
Speaker 1: ninety or eighty percent of his wealth is in his company.

293
00:14:52,120 --> 00:14:55,240
Speaker 1: I just before any of this happened, And I'm just

294
00:14:55,280 --> 00:14:57,200
Speaker 1: thinking the kind of person that I think he might be,

295
00:14:57,520 --> 00:14:59,080
Speaker 1: I don't really see him having a lot of money

296
00:14:59,120 --> 00:15:01,280
Speaker 1: invested in stock. And you know, they said that one

297
00:15:01,320 --> 00:15:03,440
Speaker 1: hundred and fifty million was taken out of Chase or

298
00:15:03,520 --> 00:15:05,200
Speaker 1: they told him they didn't want his money. So that

299
00:15:05,240 --> 00:15:07,200
Speaker 1: probably has like one hundred fifty million dollars liquid in

300
00:15:07,240 --> 00:15:09,600
Speaker 1: a bank account. And then you probably have some real estate.

301
00:15:09,600 --> 00:15:11,360
Speaker 1: And I think he owns like five percent of Skims,

302
00:15:11,600 --> 00:15:14,000
Speaker 1: and that would probably lead you to have four hundred

303
00:15:14,000 --> 00:15:16,160
Speaker 1: million dollars. But then it's like when you see billions

304
00:15:16,160 --> 00:15:19,280
Speaker 1: of dollars, that billions of dollars a little misleading because

305
00:15:19,280 --> 00:15:22,040
Speaker 1: it doesn't have billions of dollars. That's the value of

306
00:15:22,040 --> 00:15:23,760
Speaker 1: his company. And if you own one hundred percent of

307
00:15:23,800 --> 00:15:26,760
Speaker 1: the brand, then if the brand is worth five billion dollars,

308
00:15:26,800 --> 00:15:29,080
Speaker 1: then you know that's how much you're worth. Right. It's

309
00:15:29,120 --> 00:15:31,560
Speaker 1: like a car. If you have no money in this

310
00:15:31,680 --> 00:15:33,680
Speaker 1: world and you have a Rolls Royce that's worth two

311
00:15:33,760 --> 00:15:36,680
Speaker 1: hundred thousand dollars, then you're worth two hundred thousand dollars.

312
00:15:36,800 --> 00:15:39,840
Speaker 1: But if the rose Royce gets stolen, now you have

313
00:15:39,880 --> 00:15:41,840
Speaker 1: no net worth at all. So that's what people have

314
00:15:41,880 --> 00:15:44,480
Speaker 1: to really understand what this net worthless is that a

315
00:15:44,520 --> 00:15:46,680
Speaker 1: lot of times they see things and they say, Okay,

316
00:15:46,680 --> 00:15:48,720
Speaker 1: this person is worth four billion dollars, but it's like,

317
00:15:49,400 --> 00:15:52,880
Speaker 1: what is that tied to? If that's just in one company,

318
00:15:53,040 --> 00:15:55,080
Speaker 1: and that one company can go away like that, whether

319
00:15:55,080 --> 00:15:58,040
Speaker 1: it's Sam Bankman Freed, or whether it's Yea, then that's

320
00:15:58,120 --> 00:16:01,440
Speaker 1: dangerous because it's not diversified. So it's all an education process.

321
00:16:01,480 --> 00:16:03,520
Speaker 1: But I think that this at the very least has

322
00:16:03,520 --> 00:16:06,440
Speaker 1: been educational to a lot of people because they're like,

323
00:16:06,880 --> 00:16:08,800
Speaker 1: how can you lose two billion in one day? How

324
00:16:08,800 --> 00:16:10,800
Speaker 1: can you fourteen billion in one day? Well that's why

325
00:16:10,840 --> 00:16:14,160
Speaker 1: because all your money is inside of your company. I

326
00:16:14,200 --> 00:16:15,800
Speaker 1: was just gonna say. The valuation part is like the

327
00:16:15,840 --> 00:16:18,480
Speaker 1: future probability of the company, right, independing on what type

328
00:16:18,480 --> 00:16:20,600
Speaker 1: of company you have, the valuation can change, right, and

329
00:16:20,600 --> 00:16:22,520
Speaker 1: so if it's like a tech company, they may say,

330
00:16:22,520 --> 00:16:24,200
Speaker 1: all right, the companies worth one hundred million. Like we

331
00:16:24,480 --> 00:16:27,760
Speaker 1: saw that with face Clan, right, they they earned one

332
00:16:27,840 --> 00:16:30,160
Speaker 1: hundred million, but they got a ten x multiple, and

333
00:16:30,200 --> 00:16:32,400
Speaker 1: so now that ten x multiple now makes him a

334
00:16:32,400 --> 00:16:35,280
Speaker 1: billion dollar company. And so it's usually around the future

335
00:16:35,360 --> 00:16:38,320
Speaker 1: profitability of it. So like with ya, like obviously he

336
00:16:38,360 --> 00:16:41,520
Speaker 1: has a retail company, Well, what's the projections on retail companies?

337
00:16:41,520 --> 00:16:43,560
Speaker 1: What type of evaluations would they get? That's the homework

338
00:16:43,600 --> 00:16:44,880
Speaker 1: that you got to do when it in that business.

339
00:16:44,880 --> 00:16:47,600
Speaker 1: So education as its own multiple, right, it could be

340
00:16:47,600 --> 00:16:49,840
Speaker 1: four x, could be eight x. So when you take

341
00:16:49,880 --> 00:16:52,320
Speaker 1: your earnings right and you multiply it by that number,

342
00:16:52,640 --> 00:16:54,880
Speaker 1: that's how you get the future valuation of a company.

343
00:16:54,920 --> 00:16:56,800
Speaker 1: That's how you become a billion dollar company. So what's

344
00:16:56,800 --> 00:16:59,360
Speaker 1: the point of that. It's just vanity just to be

345
00:16:59,440 --> 00:17:02,120
Speaker 1: able to say, hey, I'm worth a few billions in

346
00:17:02,240 --> 00:17:05,040
Speaker 1: business for in general, just in general both both I

347
00:17:05,080 --> 00:17:08,240
Speaker 1: mean for projections so you can eventually sell it. So

348
00:17:08,280 --> 00:17:12,280
Speaker 1: that's the main reason that they have valuations and projections

349
00:17:12,440 --> 00:17:14,879
Speaker 1: is even the venture community, if you build up a sector.

350
00:17:14,920 --> 00:17:16,560
Speaker 1: Then the purpose of that is to take it. We've

351
00:17:16,560 --> 00:17:19,320
Speaker 1: talked to Dave Rubinstein yesterday. You want to take a business,

352
00:17:19,359 --> 00:17:22,040
Speaker 1: build it up, and then eventually UM sell it off.

353
00:17:22,040 --> 00:17:24,320
Speaker 1: So that's the reason behind it. So it's not vanity

354
00:17:24,359 --> 00:17:27,240
Speaker 1: per se. And I understand Yea was upset as Forbes

355
00:17:27,280 --> 00:17:29,560
Speaker 1: wouldn't label him as a billionaire. But that goes back

356
00:17:29,600 --> 00:17:32,000
Speaker 1: to relationship. One of the thing were talking about yesterday

357
00:17:32,080 --> 00:17:34,440
Speaker 1: is you have to be very careful who you make

358
00:17:34,520 --> 00:17:37,359
Speaker 1: enemies with UM because you don't know who can end

359
00:17:37,440 --> 00:17:40,080
Speaker 1: up being the assassin in your career. And that's something

360
00:17:40,080 --> 00:17:42,360
Speaker 1: you talked about a lot. We have to be mindful,

361
00:17:42,400 --> 00:17:44,440
Speaker 1: but in this recession, like what do you guys personally

362
00:17:44,880 --> 00:17:46,560
Speaker 1: invested in? And then I want to talk to you

363
00:17:46,600 --> 00:17:50,880
Speaker 1: about how do you keep peace during times of strife

364
00:17:51,000 --> 00:17:52,960
Speaker 1: because I know you've been big on mental health. Every

365
00:17:52,960 --> 00:17:55,399
Speaker 1: time I ask you how you doing, you're like blessing

366
00:17:55,480 --> 00:18:00,520
Speaker 1: highly favored, not every day before the mot the top

367
00:18:00,520 --> 00:18:05,880
Speaker 1: line overwhelming. Well, I want to say something too about

368
00:18:05,880 --> 00:18:08,240
Speaker 1: on Pinky because y'all had shot out. Was that episode

369
00:18:08,240 --> 00:18:10,879
Speaker 1: pre recorded? You spoke out this morning? Oh yeah, I

370
00:18:10,880 --> 00:18:13,480
Speaker 1: actually hosted her book launch yes you know, her book

371
00:18:13,560 --> 00:18:15,119
Speaker 1: is coming out, and she's just said her book to

372
00:18:15,160 --> 00:18:18,440
Speaker 1: our in New York. So I hosted that shout to Pinky.

373
00:18:18,520 --> 00:18:21,320
Speaker 1: We had her on a few times, and we had

374
00:18:21,320 --> 00:18:23,840
Speaker 1: at invest Vest. But to answer your question, it's an

375
00:18:23,840 --> 00:18:25,879
Speaker 1: important question. So I really wanted to double down on

376
00:18:25,920 --> 00:18:27,800
Speaker 1: that because that's something that our community is not fully

377
00:18:27,800 --> 00:18:30,520
Speaker 1: aware of as far as valuations, the importance of raising capital.

378
00:18:30,720 --> 00:18:34,119
Speaker 1: So she raised one hundred She raised twenty five million

379
00:18:34,200 --> 00:18:36,200
Speaker 1: for twenty five percent of a company which valued the

380
00:18:36,200 --> 00:18:38,800
Speaker 1: company at one hundred million. Right, because it's like, okay, now,

381
00:18:39,000 --> 00:18:41,840
Speaker 1: if somebody's giving you twenty five million for twenty five percent,

382
00:18:41,840 --> 00:18:44,600
Speaker 1: that means your company for one hundred million. So even

383
00:18:44,720 --> 00:18:47,639
Speaker 1: understanding the importance of raising money, because it's like, we

384
00:18:47,680 --> 00:18:50,200
Speaker 1: have never raised any money. We've bootstrapped everything, and people

385
00:18:50,240 --> 00:18:52,480
Speaker 1: have asked us like do we want money, I'm like, no,

386
00:18:52,680 --> 00:18:55,040
Speaker 1: we we always have took the stance that we don't

387
00:18:55,040 --> 00:18:59,040
Speaker 1: need money. But now, being properly educated, I wasn't probably

388
00:18:59,160 --> 00:19:01,199
Speaker 1: educated on that prod. So it's like the circles that

389
00:19:01,200 --> 00:19:03,200
Speaker 1: we're moving in now is a lot different, So that

390
00:19:03,480 --> 00:19:06,119
Speaker 1: educating us like, nah, it's not necessarily that you need money.

391
00:19:06,640 --> 00:19:09,480
Speaker 1: But now you get outside capital for a small percent

392
00:19:09,520 --> 00:19:11,919
Speaker 1: of your company, and that gives you a ten x

393
00:19:12,040 --> 00:19:14,960
Speaker 1: or twenty x valuation. Now you're in a position to

394
00:19:15,680 --> 00:19:18,719
Speaker 1: sell even more, sell the whole company, take the company public.

395
00:19:19,040 --> 00:19:20,639
Speaker 1: You know, it's so much that you can do with

396
00:19:20,680 --> 00:19:23,200
Speaker 1: the leverage. And that's something that we don't fully understand

397
00:19:23,240 --> 00:19:25,680
Speaker 1: because it's like we're used to just you know, pay

398
00:19:25,680 --> 00:19:27,800
Speaker 1: everything ourselves, do it ourselves to the low. You take

399
00:19:27,840 --> 00:19:29,919
Speaker 1: pride in that, and it is pride in that. But

400
00:19:30,680 --> 00:19:33,359
Speaker 1: there's a whole different game where these people are building

401
00:19:33,400 --> 00:19:37,960
Speaker 1: billion dollar companies and the companies are not even that big.

402
00:19:38,080 --> 00:19:40,000
Speaker 1: Like what I'm saying, it's like it's like right now,

403
00:19:40,040 --> 00:19:42,879
Speaker 1: like like you would think, like, okay, in order to

404
00:19:42,960 --> 00:19:45,879
Speaker 1: have a billion dollar company, you gotta do so much. No,

405
00:19:46,119 --> 00:19:48,159
Speaker 1: not really. You just have to have the right relationships,

406
00:19:48,160 --> 00:19:50,440
Speaker 1: the right information, and then it's like, okay, you can

407
00:19:50,480 --> 00:19:52,760
Speaker 1: go outside right now, raise one hundred million dollars for

408
00:19:52,760 --> 00:19:54,679
Speaker 1: ten percent in your company. Now you have a billion

409
00:19:54,680 --> 00:19:56,879
Speaker 1: dollars valuation. I'm glad you said, because I was just

410
00:19:56,920 --> 00:19:58,879
Speaker 1: talking about that. I had the CEO of Shame Motion

411
00:19:58,920 --> 00:20:00,959
Speaker 1: on and you know, they invest and a lot of

412
00:20:01,040 --> 00:20:04,000
Speaker 1: black owned businesses, black and brown owned businesses, and with

413
00:20:04,119 --> 00:20:07,119
Speaker 1: my coffee company, I've always paid for everything myself. I

414
00:20:07,200 --> 00:20:09,560
Speaker 1: have never raised money, and so now we're in the

415
00:20:09,600 --> 00:20:12,400
Speaker 1: process of getting ready to do that. And sometimes people

416
00:20:12,440 --> 00:20:14,280
Speaker 1: are really hesitant to give up a piece of their

417
00:20:14,320 --> 00:20:18,040
Speaker 1: company in order to get some capital. But if you

418
00:20:18,080 --> 00:20:20,280
Speaker 1: do want to scale and grow your business, and also,

419
00:20:20,440 --> 00:20:22,800
Speaker 1: like what Pinky was saying, some things you just don't know,

420
00:20:23,520 --> 00:20:25,359
Speaker 1: and so that might mean I got to bring in

421
00:20:25,440 --> 00:20:27,960
Speaker 1: some experts because I also care about who invest in

422
00:20:27,960 --> 00:20:30,439
Speaker 1: my company. Some people are okay with taking money and

423
00:20:30,520 --> 00:20:32,560
Speaker 1: they just want to silent investor who has nothing to

424
00:20:32,600 --> 00:20:34,440
Speaker 1: do with it. But I do want somebody that is

425
00:20:34,440 --> 00:20:37,280
Speaker 1: going to actually add value, and so you know the

426
00:20:37,359 --> 00:20:39,640
Speaker 1: importance of having somebody who is an accountant. You can't

427
00:20:39,640 --> 00:20:42,560
Speaker 1: do everything as a business owner. Sometimes you do have

428
00:20:42,600 --> 00:20:44,400
Speaker 1: to have a team of people that help you because

429
00:20:44,400 --> 00:20:46,000
Speaker 1: there's no way you're going to grow your business if

430
00:20:46,000 --> 00:20:48,440
Speaker 1: you're everything. For her to have nine locations, there's no

431
00:20:48,480 --> 00:20:51,320
Speaker 1: way she could be in nine locations and handling the

432
00:20:51,359 --> 00:20:53,760
Speaker 1: books and trying to grow a business and having merch

433
00:20:53,880 --> 00:20:56,040
Speaker 1: and having products in store and doing and having a

434
00:20:56,040 --> 00:20:58,840
Speaker 1: book tour and raising two kids and getting there's a

435
00:20:58,840 --> 00:21:01,439
Speaker 1: lot of things, and so you know, sometimes you do

436
00:21:01,520 --> 00:21:03,119
Speaker 1: need to make sure, Look, I need this money to

437
00:21:03,119 --> 00:21:05,600
Speaker 1: help grow my business and make sure that it's really

438
00:21:05,640 --> 00:21:07,879
Speaker 1: profitable and grow faster, right, because now you can you

439
00:21:07,880 --> 00:21:11,320
Speaker 1: can hire ten employees, you can hire a publicists, you

440
00:21:11,320 --> 00:21:13,880
Speaker 1: can hire so many different people. That's important for all

441
00:21:14,000 --> 00:21:17,520
Speaker 1: entrepreneurs to understand that it's not necessarily a bad thing

442
00:21:17,520 --> 00:21:19,760
Speaker 1: when you're raising money. Just do it, like you said, intelligently,

443
00:21:19,800 --> 00:21:22,359
Speaker 1: from the right people. But if you can grow at

444
00:21:22,440 --> 00:21:25,960
Speaker 1: a ten x multiple and grow faster and hire more

445
00:21:26,000 --> 00:21:28,600
Speaker 1: talented people than you currently have and gain the information,

446
00:21:29,200 --> 00:21:31,240
Speaker 1: that's the next level that we're not really talking about

447
00:21:31,280 --> 00:21:32,880
Speaker 1: a lot. And I think I think y'all both said

448
00:21:33,119 --> 00:21:35,280
Speaker 1: one of the most important things is the exposure. Right.

449
00:21:35,320 --> 00:21:36,840
Speaker 1: How would you know that if you weren't in the

450
00:21:36,920 --> 00:21:40,000
Speaker 1: right room or you always think, I don't want to

451
00:21:40,000 --> 00:21:41,919
Speaker 1: owe anybody any money. I don't want to give up

452
00:21:41,920 --> 00:21:43,840
Speaker 1: a piece in my company. That's a mindset, right. So

453
00:21:43,880 --> 00:21:46,479
Speaker 1: the mindset changes when you're exposed some more things, right.

454
00:21:46,520 --> 00:21:48,480
Speaker 1: And so when we get exposed to people who are

455
00:21:48,480 --> 00:21:50,640
Speaker 1: in private equity and they're telling us this, it's like, wait,

456
00:21:50,720 --> 00:21:53,160
Speaker 1: we had the wrong mindset. But we're telling people right now,

457
00:21:53,160 --> 00:21:55,520
Speaker 1: like we have the wrong mindset. That's changing now, right

458
00:21:55,560 --> 00:21:59,040
Speaker 1: because if we're looking at ourselves, especially from an infrastructural standpoint,

459
00:21:59,119 --> 00:22:02,080
Speaker 1: like we look at ourselves as a global entity. Right.

460
00:22:02,080 --> 00:22:03,639
Speaker 1: So that's why you see us in Rnning, That's why

461
00:22:03,640 --> 00:22:05,040
Speaker 1: you saw us in Nigeria. That's why you saw us

462
00:22:05,040 --> 00:22:07,680
Speaker 1: in Egypt. That's why we're going to the UAE in

463
00:22:07,760 --> 00:22:13,520
Speaker 1: a well later on today today. But we want to cancer,

464
00:22:13,800 --> 00:22:17,240
Speaker 1: but it's important how do we do that right? Capital

465
00:22:17,240 --> 00:22:19,720
Speaker 1: helps us do that. Capital helps us build infrastructure, It

466
00:22:19,760 --> 00:22:21,520
Speaker 1: helps us put people on the ground in these places,

467
00:22:21,720 --> 00:22:24,080
Speaker 1: so that earlier legion is not just an American brand,

468
00:22:24,080 --> 00:22:26,679
Speaker 1: it's a global brand because the issues that happened in

469
00:22:26,680 --> 00:22:29,040
Speaker 1: the United States happen all over the world, and the

470
00:22:29,119 --> 00:22:31,680
Speaker 1: people on the ground actually have an in depth look

471
00:22:31,720 --> 00:22:34,040
Speaker 1: at what's taking place so they can actually invoke change.

472
00:22:34,080 --> 00:22:36,240
Speaker 1: So that's why it's important to build infrastructure. But being

473
00:22:36,280 --> 00:22:39,080
Speaker 1: exposed to information is voluable. When did this stupid ass

474
00:22:39,200 --> 00:22:42,199
Speaker 1: narrative come from that you have to own everything and

475
00:22:42,200 --> 00:22:45,560
Speaker 1: put up your own money. It's like every company that

476
00:22:45,560 --> 00:22:47,760
Speaker 1: every company that gets to scale when you grow up

477
00:22:47,800 --> 00:22:50,439
Speaker 1: in an environment when you don't own anything, the second

478
00:22:50,440 --> 00:22:54,320
Speaker 1: that you actually create something, you even publishing in the

479
00:22:54,400 --> 00:22:56,840
Speaker 1: music business, people will be like, oh, your own publishing,

480
00:22:56,920 --> 00:22:59,199
Speaker 1: don't do this. But you see artists selling the publishing

481
00:22:59,200 --> 00:23:01,480
Speaker 1: because they get a huge check right now that they're

482
00:23:01,520 --> 00:23:03,600
Speaker 1: able to invest in other things for that money to grow.

483
00:23:04,640 --> 00:23:07,879
Speaker 1: To realize, there's two sets of information, the information that

484
00:23:07,880 --> 00:23:10,800
Speaker 1: we're usually given versus the sets of information that the

485
00:23:10,920 --> 00:23:14,000
Speaker 1: wealthy use. That information doesn't trickle, So even when we're

486
00:23:14,000 --> 00:23:16,439
Speaker 1: talking about infinite scale, we have to look at that.

487
00:23:16,480 --> 00:23:19,919
Speaker 1: Like imagine if Rockefeller Murder Inc. Cash money in the

488
00:23:20,000 --> 00:23:24,040
Speaker 1: nineties knew how to invest in the marketplace, they would

489
00:23:24,040 --> 00:23:26,679
Speaker 1: have been one of the biggest hedge funds in the world.

490
00:23:26,920 --> 00:23:29,480
Speaker 1: So the valuation game now is like knowing stocks in

491
00:23:29,520 --> 00:23:32,840
Speaker 1: the nineteen nineties. I don't want it to be twenty forty.

492
00:23:33,160 --> 00:23:35,919
Speaker 1: And our community is now just getting this information. So

493
00:23:35,960 --> 00:23:38,720
Speaker 1: if we know how to do stocks, real estate, grow business,

494
00:23:39,280 --> 00:23:41,320
Speaker 1: do business together, and it's the main thing I talk

495
00:23:41,359 --> 00:23:43,399
Speaker 1: to people in the culture. I'm like, if all of

496
00:23:43,480 --> 00:23:48,879
Speaker 1: us came together for one project with all of our voices, talent, infrastructure,

497
00:23:49,920 --> 00:23:52,240
Speaker 1: all the knowledge that we have, and we're like he

498
00:23:52,280 --> 00:23:54,040
Speaker 1: talked about we can raise capital, we can be worth

499
00:23:54,119 --> 00:23:56,800
Speaker 1: fifteen twenty billion dollars in two or three years. But

500
00:23:56,880 --> 00:23:58,720
Speaker 1: it's the ego that usually stops us from doing so.

501
00:23:58,800 --> 00:24:02,840
Speaker 1: But there's usually two sets that's given. Like even even

502
00:24:02,880 --> 00:24:05,320
Speaker 1: with authors, you know this, most authors who are talking

503
00:24:05,359 --> 00:24:07,800
Speaker 1: about their seven steps to do x YZ, they don't

504
00:24:07,840 --> 00:24:11,600
Speaker 1: do those seven steps. Like even um how to make

505
00:24:11,640 --> 00:24:13,800
Speaker 1: money in thirty days and in real estate. One of

506
00:24:13,840 --> 00:24:16,600
Speaker 1: the original guys who wrote that book, my mentor helped

507
00:24:16,640 --> 00:24:19,760
Speaker 1: craft that book. It was not true and how he

508
00:24:19,880 --> 00:24:22,680
Speaker 1: was actually implemented. And that's when I learned. I'm like, oh,

509
00:24:22,720 --> 00:24:25,199
Speaker 1: they'll sell you a piece of information, but that's not

510
00:24:25,240 --> 00:24:27,480
Speaker 1: actually what they're implementing. Like I look at somebody like

511
00:24:27,480 --> 00:24:32,720
Speaker 1: Bob Johnson. That's still the largest black acquisition I believe ever, right,

512
00:24:32,840 --> 00:24:37,240
Speaker 1: three three billion dollars when he sold bt Vicom. Yeah,

513
00:24:37,320 --> 00:24:39,520
Speaker 1: but he did that Initially he wouldn't got somebody to

514
00:24:39,560 --> 00:24:41,480
Speaker 1: help him get the scale and he and he brought

515
00:24:41,560 --> 00:24:44,199
Speaker 1: the bobcast. That's another thing too. It's like, you know,

516
00:24:44,280 --> 00:24:47,720
Speaker 1: people criticize IRV Gotti and we interviewed him that's coming

517
00:24:47,720 --> 00:24:53,000
Speaker 1: out soon on Black Effect Podcast Network. But he spoke

518
00:24:53,040 --> 00:24:55,320
Speaker 1: about you know why he sold his company for one

519
00:24:55,359 --> 00:24:57,680
Speaker 1: hundred million dollars and is to do something else. So

520
00:24:57,720 --> 00:25:01,560
Speaker 1: it's like when even Michie Luis fim moisture. Well, yeah, exactly,

521
00:25:01,600 --> 00:25:06,159
Speaker 1: he's Elon must So people forget Elon must Sol PayPal

522
00:25:06,640 --> 00:25:10,960
Speaker 1: for three hundred millions and then he went broke starting

523
00:25:11,040 --> 00:25:14,600
Speaker 1: SpaceX Tesla. Now he's almost worth a trillion dollars. So

524
00:25:15,160 --> 00:25:18,680
Speaker 1: it's like a lot of times we have good intentions

525
00:25:18,680 --> 00:25:21,800
Speaker 1: of like keep everything, don't sell anything. And I understand

526
00:25:21,840 --> 00:25:24,280
Speaker 1: it because it's like we do need ownership, and we

527
00:25:24,320 --> 00:25:26,760
Speaker 1: do need you know, generational wealth and companies that we

528
00:25:26,800 --> 00:25:29,600
Speaker 1: can pass down to our children. But there's also strategic

529
00:25:29,680 --> 00:25:32,400
Speaker 1: plans in place as well, and said a liquidity event.

530
00:25:32,440 --> 00:25:34,399
Speaker 1: If you get in a million dollars a year on

531
00:25:34,480 --> 00:25:36,879
Speaker 1: your Masters and you have an opportunity to sell it

532
00:25:36,880 --> 00:25:40,320
Speaker 1: for a hundred million, yeah, it's kind of a no

533
00:25:40,400 --> 00:25:42,919
Speaker 1: brainer if you if you're gonna blow the money then know,

534
00:25:43,040 --> 00:25:44,920
Speaker 1: but if you don't act like it's such a bad thing,

535
00:25:45,080 --> 00:25:49,560
Speaker 1: like why would you do that? Well, not your master

536
00:25:49,840 --> 00:25:52,240
Speaker 1: is a bad thing if you if you just come

537
00:25:52,280 --> 00:25:55,840
Speaker 1: in and worth but if it's worth something that you

538
00:25:55,840 --> 00:25:58,080
Speaker 1: could sell it. But that's the power of ownership, right,

539
00:25:58,359 --> 00:26:02,399
Speaker 1: because you can't sell what you don't own. Yeah, like

540
00:26:02,480 --> 00:26:06,359
Speaker 1: what fifty investors when he first launched, because he went

541
00:26:06,359 --> 00:26:08,160
Speaker 1: to a bunch of doctors and got like a certain

542
00:26:08,200 --> 00:26:10,880
Speaker 1: amount of money from East doctors and then yeah, success

543
00:26:10,880 --> 00:26:13,040
Speaker 1: with that left and then started to build things on

544
00:26:13,080 --> 00:26:16,000
Speaker 1: his own. And then also people forget Warren owns the

545
00:26:16,040 --> 00:26:18,520
Speaker 1: most real estate as well. What he owns a ton

546
00:26:18,600 --> 00:26:21,080
Speaker 1: of commercial properties. So what I want us to do

547
00:26:21,119 --> 00:26:24,560
Speaker 1: collectively is to invest long term in the stock market,

548
00:26:24,840 --> 00:26:27,520
Speaker 1: learn how to trade, learn how to build companies. But

549
00:26:27,600 --> 00:26:30,120
Speaker 1: more important when we have to come together and support

550
00:26:30,160 --> 00:26:32,720
Speaker 1: everyone's businesses because I really think I think it's a

551
00:26:32,800 --> 00:26:36,159
Speaker 1: huge mistake, and the Jay situation highlights it. You can

552
00:26:36,240 --> 00:26:37,920
Speaker 1: have a bunch of power, but I think if we

553
00:26:37,960 --> 00:26:40,359
Speaker 1: teamed up, there would be a lot more. We always

554
00:26:40,400 --> 00:26:44,000
Speaker 1: talk about moats, So that's a protective mechanism around the business.

555
00:26:44,200 --> 00:26:46,520
Speaker 1: If you're doing business with people in the industry and

556
00:26:46,560 --> 00:26:49,560
Speaker 1: the culture and the fan base, it's almost impossible to

557
00:26:49,560 --> 00:26:52,720
Speaker 1: be canceled because your fan base and your investors would

558
00:26:52,760 --> 00:26:54,880
Speaker 1: be the same group. But that one person get suck

559
00:26:54,880 --> 00:26:58,639
Speaker 1: it up everybody, and that's the question I wanted to

560
00:26:58,640 --> 00:27:00,960
Speaker 1: ask you all about it, Like it even worth being

561
00:27:01,000 --> 00:27:04,520
Speaker 1: on social media nowadays if you have a business, because

562
00:27:04,560 --> 00:27:06,760
Speaker 1: look at what was that company that just lost all

563
00:27:06,800 --> 00:27:08,520
Speaker 1: of that money because somebody put out a fake tweet

564
00:27:08,560 --> 00:27:12,840
Speaker 1: on Twitter. Yeah, a little bit. And even Kanye Kanye

565
00:27:12,920 --> 00:27:21,480
Speaker 1: literally lost his business because of a tweet on social media,

566
00:27:21,600 --> 00:27:25,880
Speaker 1: the trade chance. I think it's what did it for him. Yes, yeah,

567
00:27:25,920 --> 00:27:27,359
Speaker 1: I mean I think we need to be on social

568
00:27:27,359 --> 00:27:29,160
Speaker 1: media to promote the business. But my thing it's been

569
00:27:29,200 --> 00:27:31,359
Speaker 1: like let someone else run it, Like I'll come up

570
00:27:31,400 --> 00:27:32,760
Speaker 1: with some of the content and let them because we

571
00:27:32,800 --> 00:27:35,280
Speaker 1: have to use that vehicle. Shy away from it. I

572
00:27:35,280 --> 00:27:37,280
Speaker 1: think during the pandemic, we really learned that a lot

573
00:27:37,320 --> 00:27:39,800
Speaker 1: of businesses that didn't have an online presence, it was

574
00:27:39,840 --> 00:27:42,320
Speaker 1: hard for them to survive. Yeah, I mean, if you

575
00:27:42,359 --> 00:27:43,960
Speaker 1: don't have an online presence, how do you how do

576
00:27:44,000 --> 00:27:45,640
Speaker 1: you reach the masses? At this point, Like the way

577
00:27:45,640 --> 00:27:48,120
Speaker 1: that people advertise is completely different. Even if you look

578
00:27:48,119 --> 00:27:51,320
Speaker 1: at companies, they're cutting back on advertised spending. And so

579
00:27:51,359 --> 00:27:53,520
Speaker 1: if you have a platform where you have low overhead

580
00:27:53,560 --> 00:27:56,040
Speaker 1: to note overhead and you can get your message out

581
00:27:56,080 --> 00:27:59,840
Speaker 1: to it. I mean for free really right to people.

582
00:28:00,040 --> 00:28:01,440
Speaker 1: I don't care if it's a thousand people, it's a

583
00:28:01,480 --> 00:28:04,040
Speaker 1: thousand new people that I'm talking Twitter in particular, though, Well,

584
00:28:04,040 --> 00:28:08,320
Speaker 1: I I think so wording is very important, right, and

585
00:28:08,359 --> 00:28:13,879
Speaker 1: they use words to devalue things like social media, influencer, influence.

586
00:28:14,080 --> 00:28:18,800
Speaker 1: Social media is media. So media is extremely important and

587
00:28:19,080 --> 00:28:21,840
Speaker 1: how you're growing your brand or getting your voice out there.

588
00:28:21,960 --> 00:28:24,280
Speaker 1: I don't think there's anything that's ever been created as

589
00:28:24,320 --> 00:28:28,359
Speaker 1: powerful as social media. It's changed our lives, that's for sure.

590
00:28:28,640 --> 00:28:30,919
Speaker 1: So you have to be responsible with it. Just same

591
00:28:31,000 --> 00:28:33,760
Speaker 1: thing like a media but when you're building your platforms.

592
00:28:34,480 --> 00:28:37,240
Speaker 1: And this is important to talk about because black media

593
00:28:37,320 --> 00:28:39,880
Speaker 1: is extremely important. And I had this conversation with Angela

594
00:28:39,960 --> 00:28:42,440
Speaker 1: the other day, and a lot of people just think

595
00:28:42,440 --> 00:28:44,760
Speaker 1: I'll have an Instagram page, so I could just post anything.

596
00:28:44,800 --> 00:28:47,560
Speaker 1: But you have a responsibility. You don't have just an

597
00:28:47,560 --> 00:28:50,680
Speaker 1: Instagram page. You have a media outlet. And when you're

598
00:28:50,680 --> 00:28:55,920
Speaker 1: posting things that's just detrimental, that's ignorant, that's reinforcing stereotypes. Well,

599
00:28:55,920 --> 00:28:58,680
Speaker 1: you're part of the problem, you're not part of the solution,

600
00:28:58,760 --> 00:29:01,880
Speaker 1: and you're not beneficial. So when something happens and somebody

601
00:29:01,920 --> 00:29:05,440
Speaker 1: gets killed, then you actually, you know, saying rest in

602
00:29:05,480 --> 00:29:08,800
Speaker 1: peace is not really even sincere because you're actually contributing

603
00:29:08,840 --> 00:29:12,640
Speaker 1: to the culture that is leading to young men getting killed.

604
00:29:12,880 --> 00:29:16,000
Speaker 1: So this is a responsibility that people in media have

605
00:29:16,120 --> 00:29:18,320
Speaker 1: to take more serious because when you look at black

606
00:29:18,360 --> 00:29:20,840
Speaker 1: media and ninety five percent of it is celebrity and

607
00:29:20,920 --> 00:29:24,800
Speaker 1: gossa based, then it goes to show while we're in

608
00:29:24,800 --> 00:29:27,960
Speaker 1: a situation that we're in America where a country like China,

609
00:29:28,040 --> 00:29:30,080
Speaker 1: you know in TikTok, if you're fourteen to nine, that

610
00:29:30,160 --> 00:29:32,560
Speaker 1: you don't even get pushed none of that. That's for

611
00:29:32,600 --> 00:29:34,880
Speaker 1: a reason. They understand the power of that. So a

612
00:29:34,920 --> 00:29:38,000
Speaker 1: lot of times we don't fully understand the power of

613
00:29:38,040 --> 00:29:40,800
Speaker 1: what we're doing because the words are so minimal. It's

614
00:29:40,840 --> 00:29:43,320
Speaker 1: like our influence and not at world leaders. Very few

615
00:29:43,320 --> 00:29:44,920
Speaker 1: people in the history of the world have ever had

616
00:29:44,960 --> 00:29:46,920
Speaker 1: a million people that follow ups. If you have a

617
00:29:46,960 --> 00:29:48,320
Speaker 1: million followers, you have half a million, you have one

618
00:29:48,400 --> 00:29:50,920
Speaker 1: hundred thousand followers, you're in the top one percent in

619
00:29:50,960 --> 00:29:53,600
Speaker 1: the world history. So you should take some level of

620
00:29:53,640 --> 00:29:57,760
Speaker 1: responsibility or at least understand that. So that's extremely important,

621
00:29:57,760 --> 00:30:00,520
Speaker 1: and it's like when growing a brand, understand the power

622
00:30:00,560 --> 00:30:03,400
Speaker 1: of social media. How to use social media is important,

623
00:30:03,400 --> 00:30:07,200
Speaker 1: but it's also understanding what not to post, what to say,

624
00:30:07,240 --> 00:30:10,080
Speaker 1: the responsibility of who not to offend, like these are

625
00:30:10,080 --> 00:30:12,080
Speaker 1: all things that we really have to be calculated about.

626
00:30:12,240 --> 00:30:15,080
Speaker 1: We were having this conversation in Nashville this weekend. We

627
00:30:15,080 --> 00:30:17,400
Speaker 1: were just sitting around chopping it up, and I was saying,

628
00:30:17,400 --> 00:30:21,080
Speaker 1: how I think that they're putting too much, too much

629
00:30:21,120 --> 00:30:24,240
Speaker 1: blame on executives and the record industry because to your point,

630
00:30:24,400 --> 00:30:26,760
Speaker 1: the artists are the ones making the music. I don't

631
00:30:26,760 --> 00:30:28,600
Speaker 1: think the executives can't have much other than to make

632
00:30:28,680 --> 00:30:31,640
Speaker 1: some paper. But but if we're a funding drill music

633
00:30:31,800 --> 00:30:35,320
Speaker 1: at scale from Chicago, Indiana twenty five minutes in Chicago.

634
00:30:35,560 --> 00:30:39,040
Speaker 1: If for a funding that in La Chicago and New York,

635
00:30:39,320 --> 00:30:41,600
Speaker 1: people are going to gravitated tay to what pays them.

636
00:30:42,000 --> 00:30:44,920
Speaker 1: So I know rappers have to take responsibility. But going

637
00:30:44,960 --> 00:30:48,480
Speaker 1: back to the same same bankman free conversation, if the

638
00:30:48,600 --> 00:30:51,840
Speaker 1: vcs are funding all these crypto projects and they're saying,

639
00:30:51,880 --> 00:30:53,280
Speaker 1: get us the best games so we can get the

640
00:30:53,280 --> 00:30:55,600
Speaker 1: best return, we have to look at the labels in

641
00:30:55,640 --> 00:30:58,400
Speaker 1: the same capacity and say you're funding the killing and

642
00:30:58,560 --> 00:31:00,880
Speaker 1: when they die, you're keeping them mad and Sam's are

643
00:31:00,920 --> 00:31:04,080
Speaker 1: going up That would not be legal in any other industry.

644
00:31:04,200 --> 00:31:07,400
Speaker 1: I mean just from an accountability standpoint, right, thinking about that,

645
00:31:07,440 --> 00:31:10,280
Speaker 1: like if you know that's the case, from an overarching theme,

646
00:31:10,840 --> 00:31:13,560
Speaker 1: like who's accountable for that? Right? Because you are structuring

647
00:31:13,560 --> 00:31:16,160
Speaker 1: these deals and you are promoting it at your game.

648
00:31:16,480 --> 00:31:18,680
Speaker 1: Now you got the people who are the artists almost

649
00:31:18,680 --> 00:31:20,640
Speaker 1: like the pawns in it, like they're gonna They're looking

650
00:31:20,640 --> 00:31:23,520
Speaker 1: at from the standpoint like it's a chance for me

651
00:31:23,560 --> 00:31:26,280
Speaker 1: to make money, yeah, right, but it's also a chance

652
00:31:26,520 --> 00:31:29,440
Speaker 1: to you to be a tremendous detriment to the community

653
00:31:29,480 --> 00:31:32,320
Speaker 1: at the same time. So the people that are constructing

654
00:31:32,360 --> 00:31:34,360
Speaker 1: these deals, right, there's got to be a certain level

655
00:31:34,360 --> 00:31:37,880
Speaker 1: accountability because you can see the long time effects of it, right,

656
00:31:37,880 --> 00:31:40,000
Speaker 1: And that's why this is important. Like even these conversations

657
00:31:40,040 --> 00:31:42,480
Speaker 1: and platforms are on pouring because it's like this is

658
00:31:42,480 --> 00:31:45,280
Speaker 1: a different viewpoint, but it's an important viewpoint. I feel

659
00:31:45,440 --> 00:31:48,720
Speaker 1: hasn't gone too far though, because we say drill, but

660
00:31:49,160 --> 00:31:51,880
Speaker 1: drill is no different than what trap was, no different

661
00:31:51,920 --> 00:31:55,280
Speaker 1: than what gangster rap was, still different than doing it's

662
00:31:55,320 --> 00:32:00,880
Speaker 1: different because the messaging is it's progressively guying worse, and

663
00:32:00,880 --> 00:32:02,760
Speaker 1: it's so crazy because you know, I was some my

664
00:32:02,800 --> 00:32:05,320
Speaker 1: son shouts to nas. He's eleven, so he was like,

665
00:32:05,560 --> 00:32:07,080
Speaker 1: I want to go to sugar Hill. Team take the

666
00:32:07,120 --> 00:32:09,400
Speaker 1: sugar Hill and when he setting over, when he said that,

667
00:32:14,320 --> 00:32:19,080
Speaker 1: why no. But the thing. The thing about sugar Hill

668
00:32:19,120 --> 00:32:21,000
Speaker 1: is that for me, A Z one of my favorite

669
00:32:21,040 --> 00:32:23,200
Speaker 1: rappers of all time. So when I think of sugar Hill,

670
00:32:23,360 --> 00:32:25,760
Speaker 1: I'm thinking A Z song sugar Hill. And when A

671
00:32:25,960 --> 00:32:29,040
Speaker 1: Z made that shong sugar Hill, that movie sugar Hill,

672
00:32:29,080 --> 00:32:31,520
Speaker 1: sugar Hill at Hallam during the Hall of Renaissance was

673
00:32:31,560 --> 00:32:33,880
Speaker 1: like the crown jewel of Hallom. That was like the

674
00:32:33,880 --> 00:32:36,240
Speaker 1: best block in Hallom. That's where like all of the

675
00:32:36,320 --> 00:32:39,600
Speaker 1: wealthy black people lived in sugar Hill. So that's why

676
00:32:39,640 --> 00:32:41,920
Speaker 1: when A Z made that song sugar Hill. He's from Brooklyn,

677
00:32:41,920 --> 00:32:43,840
Speaker 1: but that song sugar Hill was like a metaphor of

678
00:32:43,880 --> 00:32:46,240
Speaker 1: like he wants to live the good life. And then

679
00:32:46,320 --> 00:32:48,000
Speaker 1: I see, I'm like, what do you know about sugar Hill.

680
00:32:48,040 --> 00:32:49,520
Speaker 1: And then there's a drill rapper. I don't want to

681
00:32:49,560 --> 00:32:51,840
Speaker 1: mess his name up, but his d d d Osama

682
00:32:51,880 --> 00:32:53,760
Speaker 1: I think his name is, and he's like he's from

683
00:32:53,800 --> 00:32:56,360
Speaker 1: sugar Hill and he was like, that's like the hood,

684
00:32:56,920 --> 00:32:59,480
Speaker 1: and I'm but it's just so crazy how it narrative changes,

685
00:32:59,640 --> 00:33:01,560
Speaker 1: and then starting listening to the music. And then like

686
00:33:01,600 --> 00:33:05,320
Speaker 1: his friend was fourteen years years old, Didosalma's friends fourteen

687
00:33:05,360 --> 00:33:08,680
Speaker 1: years old and got stabbed to death, and Dido Sama

688
00:33:08,800 --> 00:33:12,080
Speaker 1: has beef with K Flock's he's he's educating me on it.

689
00:33:12,120 --> 00:33:14,680
Speaker 1: I don't know none of this K Box in prison.

690
00:33:15,000 --> 00:33:17,840
Speaker 1: So I say that to say it's like this drill

691
00:33:17,960 --> 00:33:21,440
Speaker 1: music is extremely powerful to young people like my son

692
00:33:21,440 --> 00:33:23,920
Speaker 1: eleven years old. He don't even know nothing about that.

693
00:33:23,960 --> 00:33:28,040
Speaker 1: But the fact that he's actually so entrenched and understanding

694
00:33:28,080 --> 00:33:31,200
Speaker 1: the drill culture is like after a while, even if

695
00:33:31,200 --> 00:33:33,160
Speaker 1: you're the best kid in the world, if you are

696
00:33:33,160 --> 00:33:35,920
Speaker 1: constantly listening to somebody say I'm gonna smoke my ops,

697
00:33:35,960 --> 00:33:39,120
Speaker 1: and it has its effects on you. And it's like

698
00:33:39,320 --> 00:33:41,960
Speaker 1: a lot of these kids are dying fourteen years old,

699
00:33:41,920 --> 00:33:44,600
Speaker 1: sixty these kids, young kids. So it's like the drill music,

700
00:33:44,640 --> 00:33:46,680
Speaker 1: I think is a lot more violent. You think, so

701
00:33:48,080 --> 00:33:55,480
Speaker 1: your guns in the air, it's beef coins out, But

702
00:33:55,520 --> 00:34:00,760
Speaker 1: it was balanced at that time. No, if you had honest,

703
00:34:00,800 --> 00:34:03,440
Speaker 1: you had you had tropical quests. Right, you had you

704
00:34:03,480 --> 00:34:06,040
Speaker 1: had different sounds, you had j you had no, you

705
00:34:06,040 --> 00:34:10,480
Speaker 1: have it, you had different levels and died from gun violence.

706
00:34:11,239 --> 00:34:14,359
Speaker 1: Now it seems like every month someone like I said

707
00:34:14,480 --> 00:34:17,399
Speaker 1: from Chicago, Indiana. There's a lot of killers that were

708
00:34:17,400 --> 00:34:20,839
Speaker 1: happening in Chicago before a lot of Chicago rappers were popular. Also,

709
00:34:20,840 --> 00:34:24,000
Speaker 1: we're going to talk about generational wealth. Noticed that these

710
00:34:24,120 --> 00:34:28,319
Speaker 1: drill environments for music are also in areas in which

711
00:34:28,400 --> 00:34:31,279
Speaker 1: that banks and hedge funds want to take over that property.

712
00:34:31,560 --> 00:34:33,279
Speaker 1: So when we get to gentrification, if you have a

713
00:34:33,280 --> 00:34:36,320
Speaker 1: bunch of killing, a bunch of violence, at some point

714
00:34:36,440 --> 00:34:39,879
Speaker 1: legislation has usually passed. Happened in Detroit, right, what you're

715
00:34:39,960 --> 00:34:43,320
Speaker 1: an investor in, Like, the violence was big in Detroit

716
00:34:43,400 --> 00:34:46,440
Speaker 1: and then that guy didn't Gentrified happened in Chicago. That's

717
00:34:46,480 --> 00:34:50,040
Speaker 1: happening here. So that kind of music is being used

718
00:34:50,080 --> 00:34:52,520
Speaker 1: as a way to push us out of our communities

719
00:34:52,719 --> 00:34:57,160
Speaker 1: as well. Really yawn. But because if you're looking at

720
00:34:57,200 --> 00:35:01,760
Speaker 1: the stats decade over decade, if we have more violence

721
00:35:01,800 --> 00:35:04,480
Speaker 1: in these cities, the politicians are going to say, we

722
00:35:04,480 --> 00:35:06,719
Speaker 1: need to clean up the neighborhoods. And then if you

723
00:35:06,719 --> 00:35:08,200
Speaker 1: clean up the neighbors, who hoods. What do you do?

724
00:35:08,239 --> 00:35:10,719
Speaker 1: You normally push the people out that hope causing all

725
00:35:10,719 --> 00:35:13,880
Speaker 1: the problems. Then the value is being pushed up dramatically.

726
00:35:14,120 --> 00:35:16,520
Speaker 1: So at no point do the drill rappers who get

727
00:35:16,600 --> 00:35:19,879
Speaker 1: killed get their masters. Usually their families are not taking

728
00:35:19,880 --> 00:35:22,400
Speaker 1: care of and we're losing the real estate. And then

729
00:35:22,440 --> 00:35:25,200
Speaker 1: all of a sudden, well, of course we have the

730
00:35:25,840 --> 00:35:29,080
Speaker 1: like you said, RP on social media, but the economics

731
00:35:29,080 --> 00:35:31,680
Speaker 1: are not coming back into our households and our communities.

732
00:35:31,840 --> 00:35:34,160
Speaker 1: So it is being used as a mechanism to be

733
00:35:34,200 --> 00:35:36,759
Speaker 1: able to take away from it. You see, Mary eric

734
00:35:36,760 --> 00:35:38,920
Speaker 1: Adams was talking about banning drill music and there was

735
00:35:38,960 --> 00:35:44,440
Speaker 1: a huge backlash. What do you think your responsibility is?

736
00:35:44,520 --> 00:35:47,560
Speaker 1: As you guys don't have radio programming, but you're still

737
00:35:47,600 --> 00:35:50,600
Speaker 1: in radio, what is your responsibility? How do you feel

738
00:35:50,600 --> 00:35:52,640
Speaker 1: about drill music or not just drill music, but just

739
00:35:53,200 --> 00:35:55,840
Speaker 1: music in general, Because it's like if you're talking about

740
00:35:55,920 --> 00:36:00,560
Speaker 1: popping pills and drinking lean and smoking your ops, and

741
00:36:00,600 --> 00:36:03,799
Speaker 1: what do you think your responsibility is as a like,

742
00:36:03,840 --> 00:36:06,319
Speaker 1: what do you guys feel about that? I mean, it's

743
00:36:06,360 --> 00:36:09,040
Speaker 1: interesting right because I'm forty four, so I've been seeing

744
00:36:09,040 --> 00:36:11,319
Speaker 1: this since the nineties, since the rise of you know,

745
00:36:11,400 --> 00:36:13,759
Speaker 1: gangster rap. So a lot of it for me was

746
00:36:13,880 --> 00:36:18,800
Speaker 1: normalized until I got old and you start to be like, oh, no,

747
00:36:19,320 --> 00:36:20,680
Speaker 1: you know what I mean. But for me, I think

748
00:36:20,680 --> 00:36:23,120
Speaker 1: my responsibility as a personality is just to at least

749
00:36:23,120 --> 00:36:27,399
Speaker 1: try to provide balance, you know, like in conversations like this,

750
00:36:27,840 --> 00:36:31,000
Speaker 1: are even just hearing some of that stuff and being like, Nah, bro,

751
00:36:31,520 --> 00:36:33,640
Speaker 1: that ain't that ain't it? You know what I mean?

752
00:36:33,680 --> 00:36:35,440
Speaker 1: Like when I heard money back, Y'll say he's trying

753
00:36:35,480 --> 00:36:38,800
Speaker 1: to find therapy in his cup. You know, I'm like, Nah,

754
00:36:38,840 --> 00:36:42,480
Speaker 1: that ain't the line that we should get. Nah, you know.

755
00:36:43,480 --> 00:36:45,279
Speaker 1: So I mean, that's that's that's that's all I can do.

756
00:36:45,920 --> 00:36:48,399
Speaker 1: Angel I mean, but with as far as that, I mean,

757
00:36:48,400 --> 00:36:51,000
Speaker 1: that is what really happens and rapping night people do

758
00:36:51,120 --> 00:36:54,239
Speaker 1: try to find therapy, and that's an honest thing, right,

759
00:36:54,280 --> 00:36:57,479
Speaker 1: And so I do feel like does life does life

760
00:36:57,480 --> 00:37:01,680
Speaker 1: imitate our our influenced life? I think that art um

761
00:37:02,400 --> 00:37:05,160
Speaker 1: influence his life. I used to think. I think I

762
00:37:05,239 --> 00:37:07,520
Speaker 1: think I thought that until it started being very profitable

763
00:37:07,520 --> 00:37:09,320
Speaker 1: in the music industry, to pretend to be something you're not.

764
00:37:09,440 --> 00:37:11,400
Speaker 1: And that's why the whole movie see before even existing.

765
00:37:11,480 --> 00:37:12,920
Speaker 1: There's a lot of people that I thought of pretending

766
00:37:13,200 --> 00:37:14,880
Speaker 1: just because it was profitable. But I just think it's

767
00:37:14,880 --> 00:37:17,120
Speaker 1: about perspective to like how you're framing it, Like if

768
00:37:17,160 --> 00:37:18,919
Speaker 1: you're saying, I was trying to find therapy in my cup,

769
00:37:18,920 --> 00:37:21,640
Speaker 1: but now you've realized, you know, it's because that does

770
00:37:21,760 --> 00:37:24,120
Speaker 1: really happen. It doesn't even matter what feels your in.

771
00:37:24,960 --> 00:37:27,319
Speaker 1: That happens to people all the time. Sometimes people smoke

772
00:37:27,360 --> 00:37:28,960
Speaker 1: weed because they don't want to think about things. They

773
00:37:29,040 --> 00:37:32,120
Speaker 1: drink all the time because they're going through something. And

774
00:37:32,160 --> 00:37:34,200
Speaker 1: so I don't know that that's because of music. I

775
00:37:34,239 --> 00:37:37,399
Speaker 1: do feel like that's a real thing, but that's that's

776
00:37:37,440 --> 00:37:39,759
Speaker 1: that's the state of where they were at at that time, right,

777
00:37:39,760 --> 00:37:41,239
Speaker 1: And I think we had that conversation of the day.

778
00:37:41,239 --> 00:37:43,520
Speaker 1: It was like, very rarely do we get to see

779
00:37:43,520 --> 00:37:45,840
Speaker 1: our artists mature. We don't get to see growth, We

780
00:37:45,840 --> 00:37:49,680
Speaker 1: don't get to see accountability or stability, because when they

781
00:37:49,719 --> 00:37:52,759
Speaker 1: tried to make that pivot, it's not profitable anymore, you

782
00:37:52,800 --> 00:37:54,319
Speaker 1: see what I'm saying, And so like if I know

783
00:37:54,400 --> 00:37:56,839
Speaker 1: that's the new message, right, Like I compared to when

784
00:37:56,920 --> 00:37:58,680
Speaker 1: I grew up listening to the nas and then I hurt,

785
00:37:58,719 --> 00:38:00,680
Speaker 1: life is good, and I'm like, wait, this is different.

786
00:38:00,719 --> 00:38:02,480
Speaker 1: He's talking about daughters. I have a daughter. When I

787
00:38:02,480 --> 00:38:05,200
Speaker 1: heard Jay on four for four talking about responsibilities inside

788
00:38:05,200 --> 00:38:07,359
Speaker 1: of a marriage, that's different from the guy who heard him.

789
00:38:07,360 --> 00:38:09,560
Speaker 1: My own reasonable doubt, and it was like, Yo, that's growth.

790
00:38:09,560 --> 00:38:12,719
Speaker 1: That's maturation. We've grown with him, whereas we don't see that.

791
00:38:12,920 --> 00:38:14,360
Speaker 1: We don't get to that point. We talked about the

792
00:38:14,400 --> 00:38:16,319
Speaker 1: GZ situation. I'm like, yo, I remember when they happened.

793
00:38:16,360 --> 00:38:18,799
Speaker 1: I'm like, Yo, that's growth. Everybody was like, yo, he's

794
00:38:18,800 --> 00:38:20,600
Speaker 1: a sucker with dude. I'm like, nah, that's growth, bro,

795
00:38:20,719 --> 00:38:23,680
Speaker 1: Like that's the dude. That's a snowman who just had

796
00:38:23,760 --> 00:38:26,839
Speaker 1: oppositions in his face and was mature about it and

797
00:38:27,000 --> 00:38:30,360
Speaker 1: left right peacefully. And now you see the other part. Obviously,

798
00:38:30,400 --> 00:38:32,560
Speaker 1: Couci was like, you know, I was wrong, that's also

799
00:38:32,719 --> 00:38:34,239
Speaker 1: but we don't get to see it. Well. I think, like,

800
00:38:34,280 --> 00:38:36,600
Speaker 1: look at a little baby somebody like him, for instance,

801
00:38:36,719 --> 00:38:38,520
Speaker 1: when he and then you see the positive things that

802
00:38:38,560 --> 00:38:40,799
Speaker 1: he's doing now even off camera, and then the song

803
00:38:40,880 --> 00:38:43,200
Speaker 1: the bigger picture was huge for him. Yes, And so

804
00:38:43,360 --> 00:38:46,520
Speaker 1: I do feel like people artists do have that. I

805
00:38:46,600 --> 00:38:48,719
Speaker 1: just feel like sometimes it's also experienced, Like for us,

806
00:38:48,800 --> 00:38:51,520
Speaker 1: we don't know better. We don't do better until we

807
00:38:51,560 --> 00:38:54,759
Speaker 1: know better. And sometimes it is those experiences and having

808
00:38:54,800 --> 00:38:57,239
Speaker 1: things happen that help you grow because you could tell

809
00:38:57,280 --> 00:39:00,160
Speaker 1: somebody to do something, but until they haven't experienced, that

810
00:39:00,239 --> 00:39:02,440
Speaker 1: makes them look at things differently. It's hard for them

811
00:39:02,480 --> 00:39:04,719
Speaker 1: to grasp that we have two as older people would

812
00:39:04,760 --> 00:39:07,920
Speaker 1: experience at least one them what's coming, right. But I

813
00:39:08,000 --> 00:39:10,040
Speaker 1: just think about myself like, you couldn't tell me what

814
00:39:10,160 --> 00:39:12,479
Speaker 1: to do until something happened, and I'm like, oh damn,

815
00:39:12,480 --> 00:39:15,839
Speaker 1: I can't you know, And it's unfortunate. But sometimes there's

816
00:39:15,840 --> 00:39:17,160
Speaker 1: a lot of people that will tell you what to do.

817
00:39:17,640 --> 00:39:19,200
Speaker 1: I mean, but we have to start teaching our kids

818
00:39:19,239 --> 00:39:21,439
Speaker 1: earlier because the core of all of this is lack

819
00:39:21,440 --> 00:39:24,920
Speaker 1: of money. So even if I'm looking at artists that

820
00:39:25,000 --> 00:39:29,160
Speaker 1: are promoting certain lifestyles, most of them signed bad deals.

821
00:39:30,160 --> 00:39:32,520
Speaker 1: A lot of shows are out there, they're getting taken

822
00:39:32,520 --> 00:39:34,359
Speaker 1: advantage of them any ways, And I think that's why

823
00:39:34,400 --> 00:39:36,600
Speaker 1: these conversations are important. Thank you for having us here,

824
00:39:36,760 --> 00:39:39,120
Speaker 1: because I truly believe if we start teaching, I'll start

825
00:39:39,120 --> 00:39:41,279
Speaker 1: to teaching my son at too, how to invest in,

826
00:39:41,320 --> 00:39:43,920
Speaker 1: how to trade, Like if we teach our kids early

827
00:39:43,960 --> 00:39:45,759
Speaker 1: and that passes into the community. And that's why we

828
00:39:45,840 --> 00:39:48,000
Speaker 1: always sell on the show, like share the information with

829
00:39:48,040 --> 00:39:50,319
Speaker 1: your friends, because I truly believe if we can make

830
00:39:50,360 --> 00:39:53,600
Speaker 1: our communities rich before the street to get to them,

831
00:39:53,640 --> 00:39:55,759
Speaker 1: we will eliminate a lot of these problems. There would

832
00:39:55,760 --> 00:39:57,759
Speaker 1: be no desire for drill rap inflat. We can show

833
00:39:57,760 --> 00:39:59,319
Speaker 1: our thirteen year old how to code, how to trade,

834
00:39:59,320 --> 00:40:01,640
Speaker 1: how to invest, build media, and now he's making thirty

835
00:40:01,680 --> 00:40:04,960
Speaker 1: fifty thousand dollars a month. So we have to use

836
00:40:05,040 --> 00:40:07,960
Speaker 1: our voice, information in our light to get to them

837
00:40:08,000 --> 00:40:10,120
Speaker 1: before the streets does. Because when I was growing up,

838
00:40:10,160 --> 00:40:11,839
Speaker 1: all the elders would tell the kids to get off

839
00:40:11,840 --> 00:40:14,560
Speaker 1: the street. But I'm like, you have no alternative for them.

840
00:40:14,600 --> 00:40:16,880
Speaker 1: We have to get to them before the drug dealers

841
00:40:16,880 --> 00:40:18,600
Speaker 1: in the street does. Yeah, And it's like one of

842
00:40:18,600 --> 00:40:22,000
Speaker 1: those valuable lessons, the difference between entertainment and career. Yeah,

843
00:40:22,040 --> 00:40:24,759
Speaker 1: Like we had this conversation a few years back with us,

844
00:40:24,800 --> 00:40:26,320
Speaker 1: like we grow up thinking like rap is going to

845
00:40:26,360 --> 00:40:29,560
Speaker 1: be our career, whereas other groups think that that's just entertainment, right,

846
00:40:29,560 --> 00:40:31,240
Speaker 1: because the career is going to be in other fields.

847
00:40:31,480 --> 00:40:33,719
Speaker 1: And what I'm saying, it might be invested, it might

848
00:40:33,800 --> 00:40:36,319
Speaker 1: be in finance, it might be in education. But we

849
00:40:36,480 --> 00:40:39,040
Speaker 1: only see sports and entertainment. That's why I said, Like

850
00:40:39,440 --> 00:40:41,359
Speaker 1: growing up, it was like, all right, that's the only

851
00:40:41,360 --> 00:40:44,360
Speaker 1: things we could aspire to be. But now, like especially

852
00:40:44,400 --> 00:40:48,120
Speaker 1: with having media, especially black media that like people like

853
00:40:48,239 --> 00:40:51,720
Speaker 1: us and people others in the space, they're showing different outlets.

854
00:40:51,760 --> 00:40:54,080
Speaker 1: So now the education piece, you're not going to sign

855
00:40:54,120 --> 00:40:55,680
Speaker 1: that bad deal or you're not looking like, yo, this

856
00:40:55,719 --> 00:40:57,239
Speaker 1: is the only way to make it out. Like I

857
00:40:57,320 --> 00:40:59,560
Speaker 1: just watched guys make ten thousand dollars, you know what

858
00:40:59,560 --> 00:41:01,719
Speaker 1: I'm saying in a year and investing, And so it

859
00:41:01,840 --> 00:41:04,279
Speaker 1: changes the trajectory, right when we when we expose them

860
00:41:04,280 --> 00:41:07,520
Speaker 1: to education and change the mindset and change what they

861
00:41:07,680 --> 00:41:10,279
Speaker 1: think they can be, it changes the whole community. What

862
00:41:10,360 --> 00:41:12,439
Speaker 1: do you think we can do to make that cooler? Though?

863
00:41:13,160 --> 00:41:15,120
Speaker 1: I think it's happening now. Even if you look at

864
00:41:15,120 --> 00:41:17,200
Speaker 1: the last you look at the last decade, the three

865
00:41:17,239 --> 00:41:19,239
Speaker 1: biggest rappers of the last decade ain't even on that.

866
00:41:19,760 --> 00:41:23,000
Speaker 1: Kendrick Drake, J Cole. I mean, you know, Future is

867
00:41:23,000 --> 00:41:24,839
Speaker 1: probably the fourth, first and I would put on that. Yeah,

868
00:41:24,840 --> 00:41:26,640
Speaker 1: that list, right, but it's like those three don't even

869
00:41:26,640 --> 00:41:29,360
Speaker 1: they're not even on that. Yeah, No, it's happening. We

870
00:41:29,440 --> 00:41:32,400
Speaker 1: need more amplification. It's me nineteen Keys were talking about this.

871
00:41:32,400 --> 00:41:35,000
Speaker 1: We had a live and it's like, all right, we

872
00:41:35,120 --> 00:41:39,080
Speaker 1: go to London and we sell out Royal Albohol, which

873
00:41:39,120 --> 00:41:41,279
Speaker 1: is the most prestigious venue in Europe and one of

874
00:41:41,320 --> 00:41:44,880
Speaker 1: the most prestigious venues in the world, and it's ninety

875
00:41:44,920 --> 00:41:48,960
Speaker 1: eight percent black people in there. That's something that needs

876
00:41:48,960 --> 00:41:52,520
Speaker 1: to be amplified, not just for our own self gratification,

877
00:41:52,960 --> 00:41:56,720
Speaker 1: because it's important message and it's a very symbolic message,

878
00:41:56,760 --> 00:41:59,640
Speaker 1: just like the MSG situation is very symbolic. And this

879
00:41:59,719 --> 00:42:02,440
Speaker 1: needs to be championed by everybody because it's like, all right,

880
00:42:02,560 --> 00:42:05,160
Speaker 1: we talk there's no more important issue than financial literacy

881
00:42:05,320 --> 00:42:08,040
Speaker 1: right now for our community, because financial literacy, like he said,

882
00:42:08,200 --> 00:42:10,600
Speaker 1: it goes to health, it goes to mass incarceration, it

883
00:42:10,600 --> 00:42:13,000
Speaker 1: goes to politics, it goes to everything. So if we

884
00:42:13,040 --> 00:42:15,399
Speaker 1: can get out thousands of people, whether it's invest vest,

885
00:42:15,440 --> 00:42:17,400
Speaker 1: whether it's New York, whether it's London, this is a

886
00:42:17,440 --> 00:42:21,640
Speaker 1: global phenomena. This means that people are interested. This means

887
00:42:21,680 --> 00:42:24,840
Speaker 1: that the conversation is changing, but we need help. We

888
00:42:24,920 --> 00:42:27,960
Speaker 1: need help amplifying that, and we need help showing that

889
00:42:28,040 --> 00:42:30,239
Speaker 1: because everybody's not aware of it. If you're not in

890
00:42:30,280 --> 00:42:32,400
Speaker 1: the space, you might not have known what have happened.

891
00:42:32,680 --> 00:42:34,359
Speaker 1: But it's just like how we hear the same song

892
00:42:34,400 --> 00:42:36,440
Speaker 1: on the radio every day and then we're like, Okay,

893
00:42:36,600 --> 00:42:39,280
Speaker 1: I know twenty one Savage and Drake have an album

894
00:42:39,560 --> 00:42:42,160
Speaker 1: because every outlet is posting it and I'm hearing it

895
00:42:42,160 --> 00:42:43,840
Speaker 1: every single time. So even if I'm not a twenty

896
00:42:43,840 --> 00:42:46,160
Speaker 1: one Savage or Drake fan, I'm at least aware of

897
00:42:46,200 --> 00:42:48,560
Speaker 1: what they have going on. The same thing needs to

898
00:42:48,600 --> 00:42:51,480
Speaker 1: happen when the financial literacy movement that you see is

899
00:42:51,520 --> 00:42:56,080
Speaker 1: making changes and it's happening, and we are getting, you know,

900
00:42:56,160 --> 00:42:57,879
Speaker 1: a lot of attention and shout out to you guys.

901
00:42:57,880 --> 00:43:00,279
Speaker 1: You guys have championed us, but we need we need

902
00:43:00,320 --> 00:43:02,480
Speaker 1: more of it from everybody. Like I said, this is

903
00:43:02,480 --> 00:43:05,239
Speaker 1: something that is extremely beneficial and this is how we

904
00:43:05,280 --> 00:43:08,640
Speaker 1: start to change the narrative. Narratives are very very important.

905
00:43:08,920 --> 00:43:11,480
Speaker 1: So instead of the narrative being the only black people

906
00:43:11,680 --> 00:43:14,600
Speaker 1: basketball players and rappers, no, the narrative is that we

907
00:43:14,600 --> 00:43:16,640
Speaker 1: can start media companies, we can be investors, we can

908
00:43:16,680 --> 00:43:19,240
Speaker 1: have trucking companies, we can we could be public speakers.

909
00:43:19,239 --> 00:43:21,520
Speaker 1: Like that's a new narrative. Not to say that anything

910
00:43:21,600 --> 00:43:23,759
Speaker 1: is wrong with sports and entertainment, but there has to

911
00:43:23,760 --> 00:43:25,799
Speaker 1: be a balance and the only way to create that

912
00:43:25,840 --> 00:43:28,200
Speaker 1: balance is to show an alternative. Can I ask you

913
00:43:28,200 --> 00:43:31,600
Speaker 1: guys to get only your business? Since we're what are

914
00:43:31,640 --> 00:43:33,960
Speaker 1: the plans long term for Earn your Leisure? We know,

915
00:43:34,560 --> 00:43:37,160
Speaker 1: tell us about the Steve Harvey situation. Do you plan

916
00:43:37,239 --> 00:43:41,919
Speaker 1: to go public? Since we were talking about valuations, Yeah,

917
00:43:42,000 --> 00:43:50,239
Speaker 1: for sure. I don't like this off, but now I

918
00:43:50,360 --> 00:43:53,799
Speaker 1: think that Steve Harvey has been a great relationship for us,

919
00:43:53,840 --> 00:43:58,719
Speaker 1: and that's something. So he invested in your leisure. He

920
00:43:58,760 --> 00:44:00,960
Speaker 1: did not invest Earn your Leisure, but we did partner

921
00:44:01,320 --> 00:44:04,359
Speaker 1: on invest vests. Okay, okay, part of the festival. Yeah,

922
00:44:04,400 --> 00:44:07,680
Speaker 1: he's a partner and invest vest and I'm sure we'll

923
00:44:07,680 --> 00:44:09,920
Speaker 1: probably do a lot more things together with him as well,

924
00:44:10,160 --> 00:44:13,000
Speaker 1: because he's a very you know, a stute businessman and

925
00:44:13,040 --> 00:44:14,879
Speaker 1: he sees the value what we have created. So he's

926
00:44:14,880 --> 00:44:17,000
Speaker 1: looking at, you know, to do more things with us,

927
00:44:17,000 --> 00:44:18,840
Speaker 1: and we're looking to do more things with him. And

928
00:44:18,960 --> 00:44:21,759
Speaker 1: as far as the brand of Earning Your Leisure, I

929
00:44:21,840 --> 00:44:24,800
Speaker 1: think that, you know, we've created a very good media

930
00:44:24,880 --> 00:44:27,239
Speaker 1: company that can grow to become one of the top

931
00:44:27,280 --> 00:44:29,840
Speaker 1: media companies in the world. And that's the goal is

932
00:44:29,840 --> 00:44:32,080
Speaker 1: to really grow it as big as al Jazeers and

933
00:44:32,280 --> 00:44:35,279
Speaker 1: and grow it as big as Complex or bigger. And

934
00:44:35,320 --> 00:44:38,800
Speaker 1: you know that all encompasses the live events, that encompasses content,

935
00:44:38,880 --> 00:44:41,640
Speaker 1: that encompasses education, that accompasses a lot of different things

936
00:44:41,680 --> 00:44:45,719
Speaker 1: that we have going UM. And as far as the yeah,

937
00:44:45,760 --> 00:44:47,080
Speaker 1: it would be great to have it on the on

938
00:44:47,120 --> 00:44:50,520
Speaker 1: the Stock Exchange, especially since we talk about stock so much. UM.

939
00:44:50,560 --> 00:44:53,000
Speaker 1: I think that that's something that would be extremely important

940
00:44:53,000 --> 00:44:56,279
Speaker 1: and another symbolic gesture for the culture to see. You know,

941
00:44:56,320 --> 00:44:59,120
Speaker 1: a company that started with a couple of iPhones and

942
00:44:59,160 --> 00:45:02,600
Speaker 1: you literally start from one follower on Instagram. Some people

943
00:45:02,600 --> 00:45:03,759
Speaker 1: have been with us since we had a one hundred

944
00:45:03,760 --> 00:45:06,320
Speaker 1: followers from day one and started as a podcast and

945
00:45:06,360 --> 00:45:08,520
Speaker 1: then goes to a podcast network and then CROs to

946
00:45:08,560 --> 00:45:10,800
Speaker 1: a media company and then has a lot of events

947
00:45:10,800 --> 00:45:13,520
Speaker 1: and has an educational component, and then you know, has

948
00:45:13,560 --> 00:45:16,160
Speaker 1: a lot of other people that are encompassed in a situation,

949
00:45:16,200 --> 00:45:19,280
Speaker 1: whether it's nineteen Keys, whether it's in whether it's mortgage

950
00:45:19,280 --> 00:45:20,759
Speaker 1: guy with its Wall Street trap, or you know a

951
00:45:20,800 --> 00:45:23,160
Speaker 1: lot of different people. So I think that it's a

952
00:45:23,360 --> 00:45:28,480
Speaker 1: it's a great story to tell because it's black people

953
00:45:28,520 --> 00:45:33,239
Speaker 1: working together. It's happening in real time. It's bootstrapped, it's

954
00:45:33,280 --> 00:45:35,520
Speaker 1: working with our friends, all of our people that work

955
00:45:35,600 --> 00:45:37,239
Speaker 1: with earn your Lesia, people that we grew up with.

956
00:45:37,360 --> 00:45:44,040
Speaker 1: Would you put your love under that? We talk about

957
00:45:44,480 --> 00:45:46,920
Speaker 1: We talk about a narrative, like imagine now seeing that,

958
00:45:47,360 --> 00:45:50,480
Speaker 1: Like we've seen companies get publicly traded, but we didn't

959
00:45:50,520 --> 00:45:53,600
Speaker 1: know how they started. People literally have watched this from

960
00:45:53,760 --> 00:45:56,239
Speaker 1: you from the real time, right. This is happening in

961
00:45:56,320 --> 00:45:58,360
Speaker 1: real time, right, So that's the power of media, and

962
00:45:58,400 --> 00:46:01,120
Speaker 1: I guess social media's like people literally watched it. They've

963
00:46:01,120 --> 00:46:03,680
Speaker 1: seen us on iPhones, they've seen us. We told him

964
00:46:03,719 --> 00:46:05,600
Speaker 1: the equipment we were using, we told him we're going

965
00:46:05,640 --> 00:46:07,160
Speaker 1: to be here. We shook called them about all these

966
00:46:07,160 --> 00:46:09,880
Speaker 1: people we talked about talking about. We talk about all

967
00:46:09,920 --> 00:46:12,560
Speaker 1: these things and now it's it's a narrative, but it's

968
00:46:12,560 --> 00:46:15,359
Speaker 1: also a learning experience. This is like the real nat

969
00:46:15,400 --> 00:46:17,840
Speaker 1: Gil Like you're watching us do this in real time,

970
00:46:18,160 --> 00:46:20,000
Speaker 1: and so to see a company that can go public

971
00:46:20,080 --> 00:46:23,200
Speaker 1: or have a billion dollar valuation, it's like thinking about

972
00:46:23,200 --> 00:46:26,080
Speaker 1: the aspiration that does for a generation of people. Right, Like,

973
00:46:26,200 --> 00:46:28,360
Speaker 1: kids are looking like that was my teacher, Yo. I

974
00:46:28,440 --> 00:46:30,560
Speaker 1: remember when I used to watch him play ball. Yo,

975
00:46:30,760 --> 00:46:32,759
Speaker 1: I remember when he was in Indiana walking the hall,

976
00:46:32,840 --> 00:46:35,120
Speaker 1: Like they're watching this happen and they know the people,

977
00:46:35,160 --> 00:46:37,400
Speaker 1: So it makes it completely relatable, but it makes it

978
00:46:37,440 --> 00:46:39,360
Speaker 1: aspirational to it. But also just one last thing I

979
00:46:39,360 --> 00:46:43,000
Speaker 1: wanted to say, that's extremely important. It's also important for

980
00:46:43,080 --> 00:46:45,719
Speaker 1: us to help grow other brands as well. So it's

981
00:46:45,760 --> 00:46:49,880
Speaker 1: like we partner with Charlemagne and the Black Effect podcast

982
00:46:49,920 --> 00:46:51,480
Speaker 1: that work because we see the value in that, and

983
00:46:51,480 --> 00:46:54,840
Speaker 1: we see the value in collaboration. We partner with Revolt

984
00:46:55,440 --> 00:46:57,759
Speaker 1: because we see the value and Revolt I like what

985
00:46:57,800 --> 00:47:00,160
Speaker 1: they're doing over there. Shout to the Tavion and on

986
00:47:00,239 --> 00:47:02,839
Speaker 1: and Diddy and all of that. These are things that

987
00:47:02,880 --> 00:47:04,920
Speaker 1: we're not afraid to work with other people's. Like we

988
00:47:05,000 --> 00:47:07,480
Speaker 1: have our thing, but it's not one hundred percent. We

989
00:47:07,520 --> 00:47:10,080
Speaker 1: have to have everything ourselves, Like now, let's put a

990
00:47:10,120 --> 00:47:12,880
Speaker 1: show on a Volt, Let's have our podcast on his network, like,

991
00:47:13,200 --> 00:47:17,400
Speaker 1: this is how as he gets bigger, we're gonna get bigger,

992
00:47:17,440 --> 00:47:19,400
Speaker 1: and as we get bigger, he's gonna get bigger. And

993
00:47:19,400 --> 00:47:21,160
Speaker 1: this is what Steve Harvey sees, right. So it's like,

994
00:47:21,200 --> 00:47:23,680
Speaker 1: all right, Steve Harvey is already up a couple hundred

995
00:47:23,680 --> 00:47:26,319
Speaker 1: million dollars, but he sees the value in us on

996
00:47:26,400 --> 00:47:28,920
Speaker 1: a grassroots level and how we could help amplify his

997
00:47:29,000 --> 00:47:32,359
Speaker 1: voice to a younger generation. So we're beneficial to him

998
00:47:32,600 --> 00:47:35,560
Speaker 1: and he's beneficial to us. So that's extremely important. I

999
00:47:35,600 --> 00:47:37,319
Speaker 1: want to hammer that in a lot of time, people

1000
00:47:37,360 --> 00:47:41,279
Speaker 1: are too self centered and they're too concerned about what

1001
00:47:41,360 --> 00:47:43,000
Speaker 1: they have going on, and they don't want to work

1002
00:47:43,000 --> 00:47:45,319
Speaker 1: with anybody else. We have to stop doing that. The

1003
00:47:45,400 --> 00:47:48,399
Speaker 1: only way to go to that billion dollar, multibillion dollars

1004
00:47:48,440 --> 00:47:52,799
Speaker 1: valuation is collaboration. You never build anything by yourself. There's

1005
00:47:52,800 --> 00:47:55,040
Speaker 1: no such thing itself made. You have to work with

1006
00:47:55,120 --> 00:47:57,000
Speaker 1: other people. You have to work with other brands, you

1007
00:47:57,040 --> 00:47:58,600
Speaker 1: have to work with other companies. You have to know

1008
00:47:58,640 --> 00:48:01,600
Speaker 1: how to negotiate, you have to be diplomatic, you have

1009
00:48:01,680 --> 00:48:03,839
Speaker 1: to be, you know, a gentleman, like these are all

1010
00:48:03,920 --> 00:48:06,319
Speaker 1: things that's extremely important. It's like, I'm the narrative of

1011
00:48:06,760 --> 00:48:09,360
Speaker 1: being a hot headed businessman that's yelling at people, cursing

1012
00:48:09,360 --> 00:48:11,520
Speaker 1: that people that might the real time is not working.

1013
00:48:11,520 --> 00:48:20,640
Speaker 1: It's not you never worked. Pride ourselves and team together.

1014
00:48:20,719 --> 00:48:23,680
Speaker 1: Like all the banks work together, Like we were at

1015
00:48:23,680 --> 00:48:26,960
Speaker 1: the exchange company one Public. All the banks that you

1016
00:48:27,000 --> 00:48:29,279
Speaker 1: see Warren against each other, they were all listed as

1017
00:48:29,280 --> 00:48:31,799
Speaker 1: partners as one. So we've teamed up and done stuff.

1018
00:48:31,800 --> 00:48:34,319
Speaker 1: They're doing stuff with Steve me Alice and Wheezy teamed up,

1019
00:48:34,320 --> 00:48:36,759
Speaker 1: did the studio in La Like the only way to

1020
00:48:36,800 --> 00:48:40,360
Speaker 1: create generational wealth is to build with your friends. And

1021
00:48:40,400 --> 00:48:42,160
Speaker 1: then we have to put ego away. And like you said,

1022
00:48:42,200 --> 00:48:44,359
Speaker 1: you can't be a hot head and golf like us eat.

1023
00:48:44,400 --> 00:48:47,520
Speaker 1: Tupac's my favorite person, Like going back to the culture

1024
00:48:47,560 --> 00:48:49,759
Speaker 1: of rap and I didn't even know back then, like

1025
00:48:49,920 --> 00:48:52,520
Speaker 1: Tupac was claiming blood setting of knowing that he didn't

1026
00:48:52,520 --> 00:48:55,239
Speaker 1: grow up in that one small hot headed mistake end

1027
00:48:55,320 --> 00:48:58,239
Speaker 1: up costing him his life. So like I think we

1028
00:48:58,360 --> 00:49:06,080
Speaker 1: need multiple So but when you have counsel and you

1029
00:49:06,120 --> 00:49:08,799
Speaker 1: have friends that can check you and say, hey, no, brother,

1030
00:49:08,840 --> 00:49:11,560
Speaker 1: you're doing this wrong. Fix this here, or maybe we

1031
00:49:11,600 --> 00:49:13,440
Speaker 1: need to progress here. That's why I always tell everyone,

1032
00:49:13,600 --> 00:49:15,560
Speaker 1: let's figure out ways to team up and do more things.

1033
00:49:15,560 --> 00:49:17,520
Speaker 1: Like I'll talk about hal from eighty five and be like, hey,

1034
00:49:17,719 --> 00:49:20,960
Speaker 1: we like we have to continue to grow because I

1035
00:49:21,000 --> 00:49:25,799
Speaker 1: hated that Rockefeller Murder Ink rough Riders back in the

1036
00:49:25,880 --> 00:49:27,920
Speaker 1: day didn't do more. But now we are in a

1037
00:49:27,960 --> 00:49:30,120
Speaker 1: position to be that and do that kind of like

1038
00:49:30,200 --> 00:49:35,239
Speaker 1: cash money to absolutely because like if jay Z and

1039
00:49:35,360 --> 00:49:38,200
Speaker 1: Murder Inc. If they would have just put in thirteen

1040
00:49:38,200 --> 00:49:41,480
Speaker 1: million dollars in nineteen ninety six, just us saying to

1041
00:49:41,520 --> 00:49:45,000
Speaker 1: Apple or any fund till this day, they would be

1042
00:49:45,080 --> 00:49:47,319
Speaker 1: up seven and a half billion dollars and never have

1043
00:49:47,400 --> 00:49:48,880
Speaker 1: to release an album. I don't think they had the

1044
00:49:48,920 --> 00:49:50,640
Speaker 1: tools though, I get what you're saying. I just did.

1045
00:49:50,719 --> 00:49:53,600
Speaker 1: They didn't have people teaching them financial literacy back, and

1046
00:49:53,680 --> 00:49:57,000
Speaker 1: just even on the mental you know, I'm a mental

1047
00:49:57,000 --> 00:49:59,399
Speaker 1: health advocate, so it's just like mental and emotional health

1048
00:49:59,480 --> 00:50:02,719
Speaker 1: keeps you from being that angry hothead who's projecting all

1049
00:50:02,760 --> 00:50:05,480
Speaker 1: your insecurities on the other people. I don't think they

1050
00:50:05,480 --> 00:50:07,640
Speaker 1: had those tools back. Can you give us three tips

1051
00:50:07,680 --> 00:50:11,319
Speaker 1: to be more peaceful? Um? Because I really admire you

1052
00:50:11,920 --> 00:50:13,879
Speaker 1: and try every time I talk to y'all, no matter

1053
00:50:13,920 --> 00:50:16,600
Speaker 1: what happens, you guys are like happy me and we're

1054
00:50:16,600 --> 00:50:23,960
Speaker 1: shy working on my inner Dame Dad, I'm always going

1055
00:50:24,040 --> 00:50:27,080
Speaker 1: to argue with everybody, no reason. The biggest thing I

1056
00:50:27,120 --> 00:50:29,120
Speaker 1: tell people to go to therapy number one, you know

1057
00:50:29,120 --> 00:50:31,040
Speaker 1: what I mean, And you find a good therapist though,

1058
00:50:31,160 --> 00:50:33,800
Speaker 1: because it's gonna takes It takes a while. It's not easy,

1059
00:50:33,840 --> 00:50:35,520
Speaker 1: you know what I mean. You answered this mom. Man,

1060
00:50:35,520 --> 00:50:43,000
Speaker 1: we're gonna leave with our wives on the I'm gonna

1061
00:50:43,000 --> 00:50:45,200
Speaker 1: say God, I mean mine is therapy, God and black women,

1062
00:50:45,239 --> 00:50:47,200
Speaker 1: So my wife, you know what I mean. But definitely,

1063
00:50:47,520 --> 00:50:50,279
Speaker 1: but you know, like definitely start with therapy. Therapy is

1064
00:50:50,280 --> 00:50:54,600
Speaker 1: the gateway drug to it all. I think okay, therapy,

1065
00:50:54,760 --> 00:50:56,680
Speaker 1: therapy is the gateway drugs to it all. That's right.

1066
00:50:56,840 --> 00:51:00,880
Speaker 1: Hashtag that market Monday's Live would earn your leisure in

1067
00:51:01,160 --> 00:51:03,720
Speaker 1: Dune Lap Sunday, November twenty seven. Who lu that Madison

1068
00:51:03,719 --> 00:51:06,080
Speaker 1: Square Garden. The tickets even still available? Yes, yes, okay,

1069
00:51:06,320 --> 00:51:09,000
Speaker 1: you can earn your leisure dot com market mondays dot

1070
00:51:09,000 --> 00:51:12,239
Speaker 1: com um tab on our website. Um yeah, it's a

1071
00:51:12,239 --> 00:51:15,239
Speaker 1: few tickets left, so get them. Yeah, um, and it's

1072
00:51:15,480 --> 00:51:18,680
Speaker 1: it's gonna be nice to remember time had um one

1073
00:51:18,800 --> 00:51:20,879
Speaker 1: year of stock Club, which normally costs ten grand when

1074
00:51:20,880 --> 00:51:23,160
Speaker 1: you get a ticket, one year of Sniper, which teaches

1075
00:51:23,160 --> 00:51:24,760
Speaker 1: you how to trade. So if you need a quick target,

1076
00:51:24,920 --> 00:51:27,160
Speaker 1: one hundred and twenty three points on a dollar Nastack,

1077
00:51:27,520 --> 00:51:29,799
Speaker 1: if you trade thirty three contracts, it's twenty thousand dollars.

1078
00:51:29,800 --> 00:51:36,040
Speaker 1: You speak English. That's saying one points. Yes, you can

1079
00:51:36,120 --> 00:51:38,480
Speaker 1: make money as it goes up. Okay, if it goes down,

1080
00:51:38,880 --> 00:51:41,560
Speaker 1: you can make money as it goes down. Right, um,

1081
00:51:41,600 --> 00:51:43,960
Speaker 1: So I'm giving them a target to use every day

1082
00:51:44,040 --> 00:51:46,239
Speaker 1: because normally when the dow goes up or down on

1083
00:51:46,360 --> 00:51:48,600
Speaker 1: Nastack and normally goes up four or five hundred points,

1084
00:51:48,920 --> 00:51:51,120
Speaker 1: one hundred and twenty three points is an easy target

1085
00:51:51,280 --> 00:51:54,279
Speaker 1: we can used to be able to make money. And

1086
00:51:54,400 --> 00:51:57,319
Speaker 1: I mean that was funny, but we will hear and

1087
00:51:57,400 --> 00:51:59,120
Speaker 1: the reason why I may not sound like English, and

1088
00:51:59,160 --> 00:52:01,759
Speaker 1: maybe we need a therapy and financial literacy segment that

1089
00:52:01,880 --> 00:52:04,520
Speaker 1: we can partner on. But if we're hearing rappers talking

1090
00:52:04,560 --> 00:52:08,759
Speaker 1: about selling drugs openly on air, why are we having

1091
00:52:08,800 --> 00:52:11,600
Speaker 1: these conversations about where this sounds like English to the culture.

1092
00:52:11,680 --> 00:52:14,560
Speaker 1: That's true, that's fluency that I say, like we focused

1093
00:52:14,560 --> 00:52:17,000
Speaker 1: so much on just being literate, but like, yeah, that's

1094
00:52:17,200 --> 00:52:19,400
Speaker 1: the ability to read and write. But now let's have

1095
00:52:19,600 --> 00:52:22,120
Speaker 1: the next conversation, which were actually fluid in the language,

1096
00:52:22,160 --> 00:52:24,319
Speaker 1: so it doesn't sound foreign to you anymore. So that

1097
00:52:24,360 --> 00:52:33,040
Speaker 1: was a stop tip. You just get what we pre

1098
00:52:33,160 --> 00:52:36,120
Speaker 1: appreciate you. Ye, go to our relations dot com, market

1099
00:52:36,160 --> 00:52:39,080
Speaker 1: moneys dot com, get your tickets. Um Floyd money may

1100
00:52:39,120 --> 00:52:41,400
Speaker 1: whether we have a conversation with him, Don Peebles, billionaire

1101
00:52:41,400 --> 00:52:44,080
Speaker 1: real estate developer, Jada Kiss, where we performing. We got

1102
00:52:44,080 --> 00:52:46,400
Speaker 1: Peter Tuckman, we got mouse showns, you got suone, we

1103
00:52:46,440 --> 00:52:48,319
Speaker 1: got all of us. We're gonna be there, and a

1104
00:52:48,320 --> 00:52:50,359
Speaker 1: bunch of surprise. And that was exclusive by the way,

1105
00:52:50,400 --> 00:52:53,879
Speaker 1: that Floyd Mayweather is going to be happy one on

1106
00:52:53,880 --> 00:52:57,480
Speaker 1: one exclusively dropped on the breakfast club. Love y'all the

1107
00:52:57,600 --> 00:53:00,680
Speaker 1: champy champ is it we kids would do that, the champions,

1108
00:53:00,680 --> 00:53:04,440
Speaker 1: the champions Hi. It's as in dunlap is the breakfast

1109
00:53:04,480 --> 00:53:04,719
Speaker 1: club