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Speaker 1: Welcome to Reasonably Shady, a production of The Black Effect

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Speaker 1: Podcast Network and I Heart Radio. Hello and welcome to

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Speaker 1: another episode of Reasonably Shady. I am Gazelle Bryant. What's up?

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Speaker 1: What's up everyone? I am Robin Dixon. Thank you once

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Speaker 1: again for being here with us. Now, Robin, have you

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Speaker 1: Valentine's Day? Poo? Whatever do you mean? It's like, this

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Speaker 1: is a um, what do they call it? A holiday

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Speaker 1: where they just make money? What's that called? What do

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Speaker 1: they call these things? Commercial? This is a commercial holiday.

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Speaker 1: It is so not commercials. That's just because you have

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Speaker 1: been in a relationship with the same person for five huntrees.

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Speaker 1: Valentie's they should be every day, shouldn't. Yes. I like that.

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Speaker 1: I feel like that's like letting them off the hook

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Speaker 1: for like the other three hundred and sixty four days

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Speaker 1: of the year. Okay, just treat me, Okay, treat me.

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Speaker 1: Get on Valentine's Day, my birthday and Christmas nas like, nah,

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Speaker 1: bring me flowers every week? Okay, does does want to

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Speaker 1: do that? I'm just I'm asking me. Okay, I get you.

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Speaker 1: I understand that, and I feel that totally like men

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Speaker 1: should definitely appreciate us at all times. However, don't like

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Speaker 1: disregard me on Valentine's Day and not send me my

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Speaker 1: flowers and my chocolate and my diamonds and my purls.

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Speaker 1: You want it all, I want it all, so you like,

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Speaker 1: So when you're in a relationship or even when you're dating,

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Speaker 1: like you really expect to be, it's a thing. It's

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Speaker 1: a situation. Oh for sure. Even when I was married,

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Speaker 1: it was a situation. Oh yeah, you're going to fly.

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Speaker 1: I mean, you're going to like what it's called lavish me,

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Speaker 1: give me everything. Damn yes. Okay, so do you do

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Speaker 1: the same for him? No, Valentine's Day is about the woman. No,

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Speaker 1: it's not. That's what That's how I feel. That's how

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Speaker 1: yourself feels like a Valentine, like, oh, will you be

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Speaker 1: my Valentine? Like you know, in school, first of all, okay,

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Speaker 1: did they even do them little stupid cards anymore? But

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Speaker 1: they're not like will you be my Valentine? They're like,

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Speaker 1: you're really cool, right because because in the end it's like, um,

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Speaker 1: here's the list of all the kids in the class

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Speaker 1: and no, no, no, no that too, but oh no no,

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Speaker 1: it's like don't even think about peanuts. But here's a

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Speaker 1: list of all the kids in the class, and you

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Speaker 1: must bring one Valentine for everybody, because I remember, and

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Speaker 1: which is that's so corny first of all, that you

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Speaker 1: no let the kid bring a Valentine for the people

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Speaker 1: that they want to bring a Valentine too. I remember

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Speaker 1: the excitement when I was in school and it was like,

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Speaker 1: who's going to give me something? You know what I mean? Like,

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Speaker 1: and it wasn't like you don't expect something from everyone.

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Speaker 1: But now it's like everyone has to be trained it fairly,

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Speaker 1: in the same and evenly, and everyone has if you're special,

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Speaker 1: and if you can't do for all, you can't do

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Speaker 1: for any So that's no more at those stupid hard,

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Speaker 1: nasty as heart candy. Yes, I do like candy corn,

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Speaker 1: I don't like Okay, for the record, our shady moment

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Speaker 1: is Robin. It is so shady with Valentine's Day. But

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Speaker 1: can I tell you all that like growing up, my

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Speaker 1: father always gave me chocolate for Valentine's Day. Ye until

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Speaker 1: I even went to college, he failed it to me.

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Speaker 1: So that taught me to make sure that the man

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Speaker 1: that I'm dealing with in the moment in February needs

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Speaker 1: to represent, honey, and if you don't represent, I'm gonna

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Speaker 1: break up with you the end. I love it. Okay,

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Speaker 1: So I'm reasonable in your shady Okay. Fine. We have

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Speaker 1: so much to get into today. This is our financial

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Speaker 1: Monday with some very important people. So we're getting into

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Speaker 1: it all right. We've got some heavy hitters here today.

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Speaker 1: I'm so excited, Robin Tell So we got all right, y'all.

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Speaker 1: I am so excited to introduce our guests today. Um, listen,

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Speaker 1: these guys have so much information to bring to you.

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Speaker 1: You are going to learn so much from them, and

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Speaker 1: once you start following them and listening to them, you

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Speaker 1: probably already are. Anyway. We are joined today by Troy

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Speaker 1: Millings and Rashad Balau of Earn Your Leisure podcasts, giving

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Speaker 1: you the behind the scenes financial views into the entertainment

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Speaker 1: and sports industries, as well as highlighting backstories of entrepreneurs.

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Speaker 1: They also break down business models and examine the latest

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Speaker 1: trends in finance. Earn Your Leisure is a college business

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Speaker 1: class mixed with pop culture. They blend the two together

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Speaker 1: for a unique and exciting look into the world of business.

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Speaker 1: They aim to expand the conversation of financial literacy while

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Speaker 1: educating as many people as possible. Before launching earn Your

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Speaker 1: Leisure in twenty nineteen, Blau and Millings, we're teaching financial

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Speaker 1: literacy to public school students in the Bronx, New York.

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Speaker 1: While working as an elementary school physical education educator. Millings

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Speaker 1: incorporated financial literacy into his lesson plans during summer school classes.

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Speaker 1: UM Earnier Leisure has over five million downloads on the podcast.

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Speaker 1: They have multiple podcasts that have stemmed from Earnier Leisure.

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Speaker 1: They have over one million Instagram followers, over five hundred

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Speaker 1: thousand YouTube subscribers, and many, many, many other streams of

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Speaker 1: income that I'm gonna let you'all tell tell I'm gonna

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Speaker 1: let them tell us about because there's too many for

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Speaker 1: me to even name. But they are doing their thing.

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Speaker 1: Welcome guys to the podcast. We appreciate you for joining us. Yes, yes, yes,

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Speaker 1: now um and also, uh, we forgot to mention that

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Speaker 1: they are part of our Black Affect family. These are

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Speaker 1: our brothers. These are our brothers in in the space.

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Speaker 1: So y'all are very important. First and foremost, are y'all married?

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Speaker 1: Y'all single? Like, what's the status here? I'm married? I'll yeah,

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Speaker 1: now I'm single, I'm saying, okay, alright, so we have

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Speaker 1: some ice breaker questions for you guys, first and foremost,

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Speaker 1: all right, now do and the reason why I asked

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Speaker 1: if you married a single is when you go to dinner,

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Speaker 1: do you make your partner split the bill? Never? No? Never? Never? Okay,

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Speaker 1: if you're on if you're on a date and you

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Speaker 1: don't really know her that well and she's like new,

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Speaker 1: do you make her split the bill? No? I mean

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Speaker 1: you know me. I mean Troy too. We were old school.

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Speaker 1: So even if it's just like a friend, like if

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Speaker 1: it's just a female friend, like we're not even really

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Speaker 1: dating and not like somebody's just hanging out with us,

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Speaker 1: like women don't pay for anything when they when they're

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Speaker 1: around us, like I'm we were out with the ladies

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Speaker 1: from reasonable shady. It's on us. That's you know. That's

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Speaker 1: good to know because you all are so financially responsible,

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Speaker 1: you don't sure if y'all be up in there, like, well, no,

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Speaker 1: you know, I paid the other day, so that's your

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Speaker 1: turn to pay. And it's not in the budget this

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Speaker 1: week because I've left many of dates for that reason. Okay,

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Speaker 1: that will not get you date number two. I'm just

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Speaker 1: here to say it. So, Okay, So specific beleiver shod

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Speaker 1: Is is dating someone who has poor money habits? Is

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Speaker 1: that a deal breaker? Like? Are you what happens when

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Speaker 1: you see a female or whatever and and their financial

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Speaker 1: habits don't really match up to yours? How do you

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Speaker 1: feel about that? No, I'm not really on it like that.

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Speaker 1: I don't really look at somebody's like credit score, like

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Speaker 1: you know, with the with their bank balances. Um, you know,

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Speaker 1: for me, it's more so like the vibe of the

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Speaker 1: person have fun, if they're a good person or not.

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Speaker 1: How I look at it. Fortunately, I'm not really dependent

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Speaker 1: on somebody for finances, so it doesn't really matter to

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Speaker 1: me what their financial situation is. Um. Of course it's

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Speaker 1: always beneficially if they have a good financial situation. But

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Speaker 1: it's not a deal breaker for me because I honestly

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Speaker 1: don't even really think about it too much. But if

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Speaker 1: you were thinking, like, okay, if you're getting close to

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Speaker 1: someone you're like thinking about marriage, is that important in

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Speaker 1: a mate a potential spouse that they are financially responsible?

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Speaker 1: Like that's something that you can like teach them about. Okay,

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Speaker 1: I feel like, you can definitely educate people. That's what

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Speaker 1: we do for a living, is educate people. So I

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Speaker 1: feel like our relationship is meant to be a form

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Speaker 1: of education. Like a woman should educate her man, a

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Speaker 1: man should educate his woman, and you should learn together.

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Speaker 1: So you know, if my strong point is financing and investing,

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Speaker 1: then the woman that i'm what doesn't necessarily have to

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Speaker 1: be strong in that area. But that's my responsibility to

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Speaker 1: educate her and to you know, show her different things,

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Speaker 1: and you know, hopefully she'll be able to you know,

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Speaker 1: get it. Um. So yeah, it's not something that I

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Speaker 1: really put too much UM attention on as long as

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Speaker 1: you're not like, you know, go and do something that's

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Speaker 1: just totally you know, dangerous, like to the situation and school. Okay,

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Speaker 1: I love that. Now you guys, um are all over

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Speaker 1: the place, y'all on Today Show, y'all getting ridden, Good

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Speaker 1: y'all on Good Morning America, getting ridded up, written up

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Speaker 1: in the Wall Street journals and whatnot. How did you

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Speaker 1: all get together? How did earn your leisure? Get together?

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Speaker 1: It seems like you're all are really good friends and

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Speaker 1: you got y'all have a million their different entities, businesses.

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Speaker 1: So tell us how how this started with the two

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Speaker 1: of you guys with yourldhood friends. UM. So I met

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Speaker 1: him when I was like twelve years old. Thirteen years old. Uh,

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Speaker 1: he's two years younger than me. So we were We

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Speaker 1: went to the same high school, grew up in the

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Speaker 1: same neighborhood. UM went to the same community centers, our friends,

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Speaker 1: our family, our friends, so we all grew up together. UM.

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Speaker 1: He went into a career of athletics. UM. And then

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Speaker 1: when he left school, UH, chose a career in finance.

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Speaker 1: And I was in school and I went to education

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Speaker 1: and he always he always used to joke on me

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Speaker 1: about that. He's like, yo, man, we went to school

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Speaker 1: our whole lives. How you go back? Like what's wrong

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Speaker 1: with you? Um? And so we were starting our careers

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Speaker 1: at the same time. I was teaching. He was doing

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Speaker 1: the financial financial advising and UM I had the summer

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Speaker 1: program while I was interviewing kids to see about what

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Speaker 1: they wanted to do in the future. And I would

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Speaker 1: go out in the community and try to match them

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Speaker 1: with a prospect of like an internship, and UM, based

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Speaker 1: on how they performed at the internship, I was going

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Speaker 1: to pay him at the end of the program. And

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Speaker 1: so it was the first time that these young teens,

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Speaker 1: right they were like fourteen years old. They had aged

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Speaker 1: out of the camp experience, but they were too young

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Speaker 1: to work. But the first time they were going to

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Speaker 1: come in contact with money, and UM knowing that, I said,

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Speaker 1: they need to learn about money. I said, we need

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Speaker 1: to create something for them to learn about the money

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Speaker 1: and what you can do with it, how you can

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Speaker 1: save it, how you can share it, how you can

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Speaker 1: invest it. And so financial literacy was one of those

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Speaker 1: things like I was working in a city like that

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Speaker 1: wasn't something that's talked about in schools, and I knew it,

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Speaker 1: like I was great in state tests, like I've given tests.

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Speaker 1: I know, like these things are not being spoken about.

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Speaker 1: And I was like, this is an opportunity to create

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Speaker 1: something that's gonna last for a lifetime. And so that's

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Speaker 1: why we kind of like started in the space of

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Speaker 1: financial literacy. He was doing UM social media time. I

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Speaker 1: let him speak about it, and UM decided why we

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Speaker 1: were teaching, let's record what we're doing, because you know,

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Speaker 1: we could probably use this as an asset in the future.

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Speaker 1: And he had to. He had the foresight to see

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Speaker 1: it and um it got us here. Okay, I love that.

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Speaker 1: And you guys have this podcast has been rocking for

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Speaker 1: how long? Three years? Three years? Okay, very nice. Three years.

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Speaker 1: And you all now have other podcasts that have kind

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Speaker 1: of like spinoffs of Earnier Leisure. You also have multiple

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Speaker 1: Screens of Income that have spun off from Earnier Leisure.

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Speaker 1: Tell us all about everything y'all have going on. Just

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Speaker 1: run it down, Run it down. Yeah, I mean, we

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Speaker 1: have a podcast network, so that is you know, we developed,

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Speaker 1: you know, a niche in the podcast space with the finance,

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Speaker 1: and you know, we kind of got good at promoting

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Speaker 1: it on social media things for things of that nature.

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Speaker 1: So it made sense for us to kind of help

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Speaker 1: other people produce their show. So now we have a

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Speaker 1: podcast network, E y O network. So we have Market

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Speaker 1: Mondays that's like a huge, huge success. That's a stock show. Um,

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Speaker 1: that's every Monday. Then we have Rants and Gym's which

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Speaker 1: is a real estate podcast, and we have In a Wealth,

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Speaker 1: which is an entrepreneurship podcast. No in a Wealth, which

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Speaker 1: is a mental health podcast, Inside the Vault which is

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Speaker 1: an entrepreneurship podcast, and then we also have Dream Nation,

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Speaker 1: which is another business podcast. So that's what's under the

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Speaker 1: umbrella of E y O Network, and then it's fall

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Speaker 1: as the different businesses that we have. So, you know,

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Speaker 1: one of the good things about doing our show is

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Speaker 1: that it's a learning experience, not just for the audience

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Speaker 1: before ourselves. So every time we interview our entrepreneur, it

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Speaker 1: gives us some insight into what they have going on

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Speaker 1: and allows us to actually brainstorm or if we want

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Speaker 1: to start businesses in that type of area. So one

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Speaker 1: of the things that we actually did was purchase a truck,

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Speaker 1: like an eighteen wheeler, So that was a big that

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Speaker 1: was a big episode for us. So we have a

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Speaker 1: truck on the road, so that's a that's a revenue

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Speaker 1: stream logistics. Then we have um vending machines. Yeah saw

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Speaker 1: today I'll posted about Vendom machines. Yeah, Vendom machines. That's

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Speaker 1: in our old high school. So that was cool. That's

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Speaker 1: something that we got from our episode. Uh. Merch is

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Speaker 1: something that we didn't necessarily get from an episode, but

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Speaker 1: that's become like his own stream within itself as far

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Speaker 1: as like a business spin off. And then the live

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Speaker 1: events space is something that's really really big for us. So, um,

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Speaker 1: you know, we had a festival last year called invest Fest,

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Speaker 1: which was four thousand people in that I'm looking to

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Speaker 1: scale that up even even bigger this year. And then

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Speaker 1: well we did so the Apollo. We got a show

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Speaker 1: in Houston coming up. Okay, Okay, it's just too much. Okay,

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Speaker 1: now listen. I want to ask about stocks, Okay, because

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Speaker 1: I was told like a very long time ago, and

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Speaker 1: I have I have my own little portfolio with stocks.

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Speaker 1: But what I was told was buy stocks that you

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Speaker 1: have something to do with, like that have that are

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Speaker 1: that you use right, that you use for instance, like

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Speaker 1: Lulu Limon. Like of my athletic wear is Lulu Limit.

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Speaker 1: So I have like the Lulu limit stock Apple stock

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Speaker 1: because I got a phone, I got my stuff. So

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Speaker 1: is that true? Like is that how you should handle

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Speaker 1: purchasing stocks? Yeah? I think so for anybody that's beginning

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Speaker 1: in the in the investment stage of of in stocks,

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Speaker 1: you want to go from consumer to investor, right, and

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Speaker 1: so you're already you are already a consumer. You bought

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Speaker 1: all those products on the consumer side, but now you're

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Speaker 1: on the ownership side. And so if you're already pouring

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Speaker 1: money into a company and there's mill ends of people

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Speaker 1: doing the same thing as you. Why not reap the

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Speaker 1: benefits of your investment? Right, So, like I'm giving money

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Speaker 1: to Apple every time my iPhone comes out, or every

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Speaker 1: time a Matt book comes out of Lululemon puts out

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Speaker 1: a new line, I'm always investing. I'm consuming it and

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Speaker 1: I'm consuming it. Why not also have investment in it

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Speaker 1: as well? So now your money is actually going towards

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Speaker 1: your ownership. Okay, And then I was also told like

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Speaker 1: just to leave it there, like, don't fool with it,

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Speaker 1: just let it go. Yeah, But buying a hole, that's like,

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Speaker 1: you know, the number one strategy for for investing, whether

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Speaker 1: it's real estate stocks, don't you want to just buy

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Speaker 1: a hole for a long period of time. If you

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Speaker 1: have a good company like Apple or Microsoft, just buy

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Speaker 1: and just hold it for as long. If something changes

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Speaker 1: and you know you have to sell for whatever reason,

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Speaker 1: then you know you can sell. But a lot of

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Speaker 1: time people go into things and they sell too early,

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Speaker 1: just like real estate, like you know, you might have

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Speaker 1: had a Brownstone and where you guys from Maryland part

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Speaker 1: PG County. No, oh, I'm sorry I said that too.

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Speaker 1: I said it too loud, I said it told. I'm sorry.

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Speaker 1: I'm from born and raised in Baltimore. I'm from like

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Speaker 1: the DC area, which is p PG County No, no, no,

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Speaker 1: Ptolemaic Montgomery County, Montgomery, Montgomery County. Okay, yeah, okay, full disclaimer.

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Speaker 1: There's nothing wrong with the PG, nothing wrong with But

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Speaker 1: I was about to give a real estate reference to

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Speaker 1: New York. But I figure I'll do something like to marry.

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Speaker 1: I used to actually go to school in Maryland, so

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Speaker 1: I used to live in Maryland. But like, where'd you go? NBC? Okay, Um,

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Speaker 1: I know you're a President's Dr REBELLI oh yeah, yea yeah,

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Speaker 1: great man, and a bunch of my friends went to

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Speaker 1: you and be a good guy. Um, so like take

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Speaker 1: like the area there, John Hopkins, right, Like you know,

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Speaker 1: it is getting gentified and real estate is going up.

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Speaker 1: So it's like you could have had a property there,

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Speaker 1: let's say ten years ago, and let's say you got

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Speaker 1: it for fifty allars and you sold it for seventy

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Speaker 1: five thousand, Like that's a twenty five tho allar profit.

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Speaker 1: Most people be like, all right, that's a good deal.

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Speaker 1: But what if that same property is worth eight hundred

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Speaker 1: thousand dollars now right, like you would be kicking yourself,

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Speaker 1: like I should have just held it instead of just

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Speaker 1: trying to get like a twenty five thousand all profit.

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Speaker 1: I could have got hundreds of thousand dollars of profit

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Speaker 1: and then twenty years from now it might be worth

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Speaker 1: three million dollars. So that's all over the country. So

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Speaker 1: like people can understand that we're real estate because they

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Speaker 1: see areas getting gentified, and they see real estate that

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Speaker 1: was once worthless now million dollar properties. You see that

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Speaker 1: in Chicago, you see that in New York, you see

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Speaker 1: that in d c l A all over. So the

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Speaker 1: same thing with stocks. A lot of times people are

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Speaker 1: just happy with like short term gains, like okay, I

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Speaker 1: doubled it, It's time to get out. But if it's

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Speaker 1: a good quality company, you want to hold it for

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Speaker 1: as long as possible because you could have like a

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Speaker 1: thousand percent rate of return if you hold it for

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Speaker 1: ten twenty years. Right, but give it. But right now,

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Speaker 1: like the market, the stock market is going crazy, the

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Speaker 1: crypto market is going crazy. I feel like people are

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Speaker 1: panicking because I mean I do like little small trading

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Speaker 1: on like each aid and stuff, like that, Like, or

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Speaker 1: I have a coin based account, Like, how do you

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Speaker 1: if you're someone that kind of just enjoys to see

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Speaker 1: you know your gains? Um, how do you stay disciplined?

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Speaker 1: Or should you just pull out and then get back in?

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Speaker 1: Like I don't. I'm just so all over the place

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Speaker 1: and there's so many conflicting reports and people say different things,

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Speaker 1: and it's like people are panicking. I just don't know

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Speaker 1: what to do at this point. Yeah, number one thing

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Speaker 1: is don't panic, right, So, like we we always stressed

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Speaker 1: the people. Never into a position unless you know your

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Speaker 1: exit strategy, and so that might be a percentage, that

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Speaker 1: might be a dollar amount. Wait a minute, wait, unless

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Speaker 1: you know your exit strategy. That's like a dating rule,

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Speaker 1: one on one. Unless you know how you're getting out

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Speaker 1: of this thing, don't get in it. Okay, I'm sorry,

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Speaker 1: go ahead, go ahead. Yeah. But like so that's the thing,

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Speaker 1: Like you want to you want to get into a

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Speaker 1: position in a company that makes sense for you, right, So,

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Speaker 1: like when people see you right in the market, they

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Speaker 1: automatically think fair. But if you're a new investor, if

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Speaker 1: you're seasoned investor, you know that there's an opportunity for

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Speaker 1: me to add to the positions I already have, or

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Speaker 1: into a position that I always wanted to write. So

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Speaker 1: if you look like a company like Apple in two thousand,

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Speaker 1: they only had the iPod, right, But if you would

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Speaker 1: have brought a thousand dollars in the past twenty two years,

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Speaker 1: it's going up ten. Right. So you might have right

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Speaker 1: when the market crash of two thousand and there, you

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Speaker 1: might have been like, oh my gosh, like me and

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Speaker 1: sold it right, or you could just been like, all right,

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Speaker 1: well it went down, let me grab some more, and

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Speaker 1: now you're just adding to the games that you have

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Speaker 1: long term. So that's alwalways stressed UM buying and holding.

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Speaker 1: And if there's a pull back like there is like

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Speaker 1: a correction, which just means that the market or the

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Speaker 1: actual sector itself has pulled back anywhere between six, there's

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Speaker 1: always an opportunity to game more of ownership in that company.

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Speaker 1: So never look at as a negative unless you're in

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Speaker 1: a company that isn't strong UM and it's it's kind

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Speaker 1: of like the balance sheets are all off, and you

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Speaker 1: know they don't have a long history like companies like

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Speaker 1: Microsoft Apple they've been around for forty years. Strong company

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Speaker 1: acts like there's there's a plenty of companies that are

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Speaker 1: out there that have been around and have been profitable

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Speaker 1: for a long time. Sick with those Before we get

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Speaker 1: into the weeds. Let's get into the flowers. Okay, So

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Speaker 1: give me a fourth grade answer for this crypto bitcoin,

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Speaker 1: Should we get in? Should we get should we not?

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Speaker 1: I'm a I'm an old school girl. I'm all about

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Speaker 1: the almighty dollar. Like, I don't know what to do.

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Speaker 1: I don't know what's important. You know, two months ago

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Speaker 1: everybody was like bitcoin bitcoin, Now it's all crypto crypto,

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Speaker 1: like is crypto? Don't know? But also add you know

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Speaker 1: what I want you to add like n f T

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Speaker 1: s in the metaverse. Yeah, that's the stuff where I'm like,

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Speaker 1: don't know that either. That's that's the way because someone

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Speaker 1: asked me to do something and staid, um, oh, i'll

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Speaker 1: pay you something, give you give you an n f T.

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Speaker 1: I don't know what that also, I don't know. No

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Speaker 1: pay me in dollars. Okay, So so don't give us

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Speaker 1: big words, y'all. Just walk us through like we're second grades.

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Speaker 1: Which one which one you want? First? N f conversation

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Speaker 1: or the crypto conversation You've come to the right place

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Speaker 1: you want to talk, all right, So I mean cryptocurrency.

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Speaker 1: The word I always say the word currency is a

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Speaker 1: little misleading when're talking about cryptocurrency because most of it

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Speaker 1: is not really treated as a currency, like a currency

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Speaker 1: usually has to be stable, whereas like if I give

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Speaker 1: you a dollar today, it's still gonna be worth a

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Speaker 1: dollar tomorrow. Right, That's how I can That's how I

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Speaker 1: can pay for something like you can't value a haircut

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Speaker 1: at twenty dollars, but then that same haircut is fifty

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Speaker 1: dollars next week because the price of the dollar went

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Speaker 1: from being worth one dollar to being worth twenty cents.

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Speaker 1: So that that's the volatility and cryptocurrency where you see

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Speaker 1: a couple of months ago bitcoin was sixty over sixty thousand.

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Speaker 1: Now it's hovering around like in the thirty thousand range,

408
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Speaker 1: like it's fifty lower. Imagine if the US dollar was

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Speaker 1: fifty lower in value and only word fifty cents now,

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Speaker 1: like that would be crazy. You really can't make transactions

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Speaker 1: to do business with that. This is why but Big

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Speaker 1: we'll talk about bigcoin because you asked about bitcoin. Bitcoin

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Speaker 1: is more so of a store of value currency, its

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Speaker 1: currency store value and store value different, so it's better

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Speaker 1: comparison its goal. This is why people compare it to

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Speaker 1: like digital goal, where it's like a lot of people

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Speaker 1: just hoard gold. You get gold and you hoard it

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Speaker 1: because it's like hedge for inflation. So gold has withstand

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Speaker 1: it the test of time. It's always been valuable for

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Speaker 1: a long period of time. People value goal. You can

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Speaker 1: you know, trade gold, you can wear goal different things

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Speaker 1: that agent. Gold has value that people place on it.

423
00:21:34,240 --> 00:21:37,080
Speaker 1: So bitcoin conda is the same way where it's a

424
00:21:37,160 --> 00:21:39,240
Speaker 1: limited amount, like there's gonna be a limited amount of

425
00:21:39,280 --> 00:21:40,920
Speaker 1: bitcoins in a couple of years. It's not even gonna

426
00:21:40,920 --> 00:21:43,000
Speaker 1: be any more bitcoins made, so it's a limited amount

427
00:21:43,000 --> 00:21:46,320
Speaker 1: of bitcoins um. It has grown up in value because

428
00:21:46,320 --> 00:21:50,200
Speaker 1: of the scarcity and because people are looking for different

429
00:21:50,200 --> 00:21:53,280
Speaker 1: ways to actually park their money. Like we know that

430
00:21:53,320 --> 00:21:55,560
Speaker 1: you know, fiat currency, which is the dollars that we

431
00:21:55,600 --> 00:21:59,240
Speaker 1: actually use all across the world, actually gets devalue um

432
00:21:59,280 --> 00:22:03,639
Speaker 1: every single day because of inflation. Right, so the value

433
00:22:03,640 --> 00:22:05,439
Speaker 1: of milk is not the same as it was ten

434
00:22:05,520 --> 00:22:07,920
Speaker 1: years ago. So the value of the dollar goes down

435
00:22:08,000 --> 00:22:10,320
Speaker 1: each and every day, and it's not backed by anything

436
00:22:10,440 --> 00:22:13,280
Speaker 1: except for you know, the faith that the people putting it.

437
00:22:13,800 --> 00:22:18,000
Speaker 1: So now you have a digital asset on the blockchain,

438
00:22:18,119 --> 00:22:19,679
Speaker 1: which we can talk about that with the n f

439
00:22:19,720 --> 00:22:23,600
Speaker 1: T conversation. But you have a digital asset that people

440
00:22:23,920 --> 00:22:26,200
Speaker 1: put belief in, because that's the value of anything, it's

441
00:22:26,200 --> 00:22:28,760
Speaker 1: what people believe in, right, people put belief in it.

442
00:22:28,760 --> 00:22:33,199
Speaker 1: It's a new way to actually move money at a

443
00:22:33,320 --> 00:22:36,360
Speaker 1: much quicker pace because like, well they say, like the

444
00:22:36,400 --> 00:22:38,800
Speaker 1: fastest way if I asked you right now the fastest

445
00:22:38,840 --> 00:22:42,000
Speaker 1: way to get a million dollars from New York to London,

446
00:22:42,119 --> 00:22:43,639
Speaker 1: what would you say? The fastest way to do that

447
00:22:43,680 --> 00:22:48,920
Speaker 1: would be transfer? Well, the fastest way is to actually

448
00:22:48,920 --> 00:22:51,360
Speaker 1: get on a plane with a million dollars and actually fly.

449
00:22:52,960 --> 00:22:55,320
Speaker 1: But when the wire go through faster than the place,

450
00:22:55,800 --> 00:22:58,240
Speaker 1: not most of the times, if you got a bank's

451
00:22:58,240 --> 00:22:59,600
Speaker 1: gonna take at least a couple of days for the

452
00:22:59,840 --> 00:23:03,359
Speaker 1: I'm millions for a million dollars to clear. So that's true,

453
00:23:03,560 --> 00:23:06,280
Speaker 1: that's true in this day and age in two. That's

454
00:23:06,320 --> 00:23:09,600
Speaker 1: crazy that you know, you can't move that kind of

455
00:23:09,640 --> 00:23:12,479
Speaker 1: money in a short period of time where it's like

456
00:23:12,600 --> 00:23:14,760
Speaker 1: on the blockchain with cryptocurrency, you can do that in

457
00:23:14,800 --> 00:23:17,280
Speaker 1: seconds depending on which coin you use. Okay, okay, but

458
00:23:17,359 --> 00:23:19,480
Speaker 1: let me ask you this now, is this a way

459
00:23:20,080 --> 00:23:23,000
Speaker 1: because I watched this uh this show on on the

460
00:23:23,080 --> 00:23:26,880
Speaker 1: Netflix that the drug deal is like had the money? Yeah,

461
00:23:27,040 --> 00:23:29,119
Speaker 1: so so that that that was a way, right that

462
00:23:29,560 --> 00:23:32,359
Speaker 1: and that that's kind of like one of the downfalls

463
00:23:32,400 --> 00:23:34,480
Speaker 1: for it, right, you have you have coins that people

464
00:23:34,520 --> 00:23:37,399
Speaker 1: can you can't track, right, so like if I make

465
00:23:37,440 --> 00:23:40,280
Speaker 1: a transaction, the only thing that can say that this

466
00:23:40,359 --> 00:23:43,320
Speaker 1: happened is the block train, right, so it's a transaction record,

467
00:23:43,320 --> 00:23:45,119
Speaker 1: but you never know who did it. And so it

468
00:23:45,160 --> 00:23:46,760
Speaker 1: was a lot of a lot of times in the

469
00:23:46,800 --> 00:23:49,520
Speaker 1: past and hopefully it doesn't happen going forward in the futures,

470
00:23:49,520 --> 00:23:52,560
Speaker 1: that people would smuggle money and use it through the currency.

471
00:23:52,640 --> 00:23:55,560
Speaker 1: So like there was a bunch of coins um that

472
00:23:55,560 --> 00:23:57,840
Speaker 1: would being used at the time, and they've coining folding

473
00:23:57,880 --> 00:24:00,320
Speaker 1: back in value. And that's why when you when you

474
00:24:00,440 --> 00:24:03,960
Speaker 1: hear decentralized, decentralized meaning that there's no government or agency

475
00:24:04,040 --> 00:24:06,080
Speaker 1: back in it. That's kind of what they're saying, like,

476
00:24:06,119 --> 00:24:08,680
Speaker 1: we need to have regulation because if if you can

477
00:24:09,080 --> 00:24:12,240
Speaker 1: laund the money through this quote unquote currency, it could

478
00:24:12,240 --> 00:24:14,440
Speaker 1: be a dangerous tool if it's putting the wrong hands.

479
00:24:15,000 --> 00:24:17,560
Speaker 1: So but yeah, so just to finish up crypto. The

480
00:24:18,000 --> 00:24:20,399
Speaker 1: benefits of it is that it's a way, it's a

481
00:24:20,600 --> 00:24:25,160
Speaker 1: it's a currency that it doesn't matter if you're in Russia,

482
00:24:25,560 --> 00:24:28,439
Speaker 1: if you're in Yugoslavia, if you're in Puerto Rico, if

483
00:24:28,440 --> 00:24:30,560
Speaker 1: you're in New York, it's the same, right, so you

484
00:24:30,600 --> 00:24:32,959
Speaker 1: don't have to change. And you go to different currency,

485
00:24:32,960 --> 00:24:35,720
Speaker 1: and you go to different countries, you gotta change the currency.

486
00:24:35,840 --> 00:24:39,200
Speaker 1: The speed moves a lot quicker. It's an alternative to

487
00:24:39,320 --> 00:24:42,760
Speaker 1: paper dollar, and um, it's a store of value where

488
00:24:42,960 --> 00:24:45,600
Speaker 1: it could serve as like a digital goal where now

489
00:24:45,720 --> 00:24:49,120
Speaker 1: it's it's a place where people can actually park money

490
00:24:49,200 --> 00:24:51,440
Speaker 1: and have the asset grow over the course of time.

491
00:24:51,960 --> 00:24:55,359
Speaker 1: And they also you think about other countries, and he

492
00:24:55,359 --> 00:24:57,040
Speaker 1: brought up a bunch of them, but how many of

493
00:24:57,080 --> 00:25:00,480
Speaker 1: these countries are have errors that they're on banks? Right,

494
00:25:00,520 --> 00:25:02,720
Speaker 1: where's the where's where is the next bank? Or is

495
00:25:02,760 --> 00:25:05,000
Speaker 1: there a bank even in my city? Right? And so

496
00:25:05,080 --> 00:25:08,680
Speaker 1: now when you have a digital quote unquote currency, you

497
00:25:08,760 --> 00:25:10,080
Speaker 1: have it in the palm of your hand or you

498
00:25:10,160 --> 00:25:11,760
Speaker 1: have it in front of your laptop, which makes it

499
00:25:11,760 --> 00:25:14,800
Speaker 1: completely different. Now you have access to something without even

500
00:25:14,840 --> 00:25:18,920
Speaker 1: having to go to a traditional uh thanking. So are

501
00:25:18,960 --> 00:25:23,239
Speaker 1: you recommending that people invest in this UM? Well, hey,

502
00:25:23,320 --> 00:25:26,360
Speaker 1: you should be knowledgeable before you invest in anything because

503
00:25:26,440 --> 00:25:28,959
Speaker 1: you know, well, what's good for one person might not

504
00:25:29,000 --> 00:25:31,840
Speaker 1: be good for another thing. So I think, ay, you should.

505
00:25:31,920 --> 00:25:34,560
Speaker 1: You should just be up to date on what's going on.

506
00:25:34,640 --> 00:25:38,800
Speaker 1: But I will say this UM is here to stay. Cryptocurrency.

507
00:25:38,840 --> 00:25:40,800
Speaker 1: I think it's here to stay. Big Corner think it's

508
00:25:40,840 --> 00:25:43,119
Speaker 1: here to stay. And UM it's only gonna become more

509
00:25:43,119 --> 00:25:46,200
Speaker 1: and more prevalent. So for with that, with that information,

510
00:25:46,240 --> 00:25:48,040
Speaker 1: you can kind of you know, make an educated decision

511
00:25:48,160 --> 00:25:50,400
Speaker 1: whether you want to invest or not. But that would

512
00:25:50,400 --> 00:25:52,679
Speaker 1: be like you know what I think is going to happen.

513
00:25:53,000 --> 00:25:55,720
Speaker 1: I would start with education before anything, any investment, real estate,

514
00:25:56,080 --> 00:25:59,479
Speaker 1: crypto stocks. Educate yourself first, right, and especially in crypto

515
00:25:59,560 --> 00:26:03,000
Speaker 1: because like I said, right now, how do we regulate it? Right?

516
00:26:03,040 --> 00:26:05,199
Speaker 1: Like if I lose money, who do I call? If

517
00:26:05,240 --> 00:26:07,959
Speaker 1: this transaction doesn't go through? Who do I? There isn't anybody, right,

518
00:26:08,000 --> 00:26:10,320
Speaker 1: and so like that's why the education process and the

519
00:26:10,400 --> 00:26:12,960
Speaker 1: learner code is very quickly because if you just jump

520
00:26:13,040 --> 00:26:17,200
Speaker 1: into this space of UM investing right, you could get

521
00:26:17,200 --> 00:26:19,199
Speaker 1: lost very quickly, and your money could get lost very

522
00:26:19,280 --> 00:26:21,720
Speaker 1: quickly and you'll never find it. So educate yourself before

523
00:26:22,040 --> 00:26:26,359
Speaker 1: before anything. So are you comfortable giving UM suggestions to

524
00:26:26,480 --> 00:26:32,600
Speaker 1: people on UM crypto platforms to use and specific crypto

525
00:26:32,640 --> 00:26:35,080
Speaker 1: to buy bitcoin, etherory and whatever it is? I mean

526
00:26:35,119 --> 00:26:36,520
Speaker 1: you want to you want to stay with the top

527
00:26:36,560 --> 00:26:39,679
Speaker 1: tier cryptos. That's always the safest. Same thing with the

528
00:26:39,680 --> 00:26:41,440
Speaker 1: stock markets. So when you look at like the top

529
00:26:41,480 --> 00:26:45,560
Speaker 1: tier cryptos that already have you know, strong UM backing,

530
00:26:45,760 --> 00:26:49,959
Speaker 1: institutional backing, and use cases. You're looking at ethereal if

531
00:26:49,960 --> 00:26:53,000
Speaker 1: you're looking at Bitcoin, you're looking at Cardonna, looking at

532
00:26:53,040 --> 00:26:57,760
Speaker 1: stellar Um. Slana is a new one, but Silana, you're

533
00:26:57,760 --> 00:27:00,320
Speaker 1: talking about the n f T conversation that those hand

534
00:27:00,359 --> 00:27:01,680
Speaker 1: in hand with a lot of the n f T s.

535
00:27:02,080 --> 00:27:05,280
Speaker 1: So those are some of like the top tier cryptocurrencies

536
00:27:05,760 --> 00:27:07,840
Speaker 1: UM that you know if you are interested, and that's

537
00:27:07,840 --> 00:27:10,720
Speaker 1: probably more than safe for play as opposed to going

538
00:27:10,760 --> 00:27:13,919
Speaker 1: down the line and get in some something that you know,

539
00:27:13,960 --> 00:27:15,880
Speaker 1: people have not have heard of, because that's what people

540
00:27:15,880 --> 00:27:19,160
Speaker 1: do to try to earn more money is take more risk.

541
00:27:19,280 --> 00:27:21,760
Speaker 1: But what more risk could come? Re war? But it

542
00:27:21,760 --> 00:27:24,280
Speaker 1: can also come with the possibility of it just vanishing

543
00:27:24,320 --> 00:27:26,520
Speaker 1: away also, so like that that would be your dog

544
00:27:26,600 --> 00:27:28,720
Speaker 1: going out to be coining where people are just saying, like,

545
00:27:28,800 --> 00:27:31,200
Speaker 1: let's just hit this home run. It's less than eight sense,

546
00:27:31,480 --> 00:27:33,080
Speaker 1: we can buy a bunch of it. But what happens

547
00:27:33,080 --> 00:27:37,600
Speaker 1: when it goes to zero sense or lesson zero? Then

548
00:27:37,680 --> 00:27:42,120
Speaker 1: you ask out yeah, And I always I always get

549
00:27:42,119 --> 00:27:44,040
Speaker 1: in late, like when something you know, you hear about

550
00:27:44,080 --> 00:27:46,439
Speaker 1: something popping off, and I'm like, oh, I'm gonna get in,

551
00:27:46,440 --> 00:27:49,640
Speaker 1: and then I get in. Its over. I'm like, let

552
00:27:49,640 --> 00:27:53,840
Speaker 1: me just stop, Okay, But but I do want to say, like,

553
00:27:53,920 --> 00:27:56,520
Speaker 1: just you, I think we can tell that crypto is

554
00:27:56,520 --> 00:27:59,160
Speaker 1: here to stay when now we have sports arenas being

555
00:27:59,280 --> 00:28:03,760
Speaker 1: named after you know, crypto platforms. We got clip Crypto

556
00:28:04,040 --> 00:28:07,159
Speaker 1: dot Com arena, right, and there's a coin base is

557
00:28:07,160 --> 00:28:08,879
Speaker 1: it a coin base? One of them was on a

558
00:28:09,000 --> 00:28:11,600
Speaker 1: coin base I saw on a court I can't remember

559
00:28:11,600 --> 00:28:14,120
Speaker 1: what team it was. And then Crypto dot Com Arena

560
00:28:14,160 --> 00:28:18,000
Speaker 1: that's where the Lakers are playing, right formerly Distable Santa Yea. Yeah,

561
00:28:18,200 --> 00:28:21,480
Speaker 1: Like that's that's insane that we had to say. So

562
00:28:21,480 --> 00:28:23,399
Speaker 1: so I want to get into the metaverse and n

563
00:28:23,440 --> 00:28:25,040
Speaker 1: f t S. But but before we do that, I

564
00:28:25,040 --> 00:28:26,359
Speaker 1: want to I don't want to forget to ask you

565
00:28:26,400 --> 00:28:30,080
Speaker 1: about any stock picks that you might feel comfortable recommending

566
00:28:30,240 --> 00:28:34,199
Speaker 1: for for someone that's like looking to invest, you know,

567
00:28:34,240 --> 00:28:36,800
Speaker 1: get into the market, where should they park their money.

568
00:28:37,119 --> 00:28:38,920
Speaker 1: I think you have the strategy correct when you said,

569
00:28:38,920 --> 00:28:40,880
Speaker 1: look at what you're spending your money now, and so like,

570
00:28:40,920 --> 00:28:43,440
Speaker 1: if I'm spending my money on Apple products, I probably

571
00:28:43,480 --> 00:28:46,080
Speaker 1: should be invested in that, right. If I'm ordering during

572
00:28:46,080 --> 00:28:48,960
Speaker 1: the pandemic, right, most people were ordering where you're ordering

573
00:28:49,120 --> 00:28:52,160
Speaker 1: anything from probably Amazon, that would probably be a good

574
00:28:52,280 --> 00:28:54,200
Speaker 1: idea to invest in UM. So you can invest in

575
00:28:54,240 --> 00:28:57,680
Speaker 1: these individual stocks, but you could also invest in a

576
00:28:57,720 --> 00:29:00,000
Speaker 1: group of stocks like indexes or et f s, where

577
00:29:00,000 --> 00:29:02,040
Speaker 1: it it's like an all star team of stocks. Right,

578
00:29:02,080 --> 00:29:04,120
Speaker 1: and always use the comparison and shout to our brother

579
00:29:04,160 --> 00:29:06,920
Speaker 1: Ian down Lap. Right, if you think of of E

580
00:29:07,040 --> 00:29:08,719
Speaker 1: T F S as an all star team, and you

581
00:29:08,760 --> 00:29:10,920
Speaker 1: think of like a player like Lebron James is probably

582
00:29:10,920 --> 00:29:13,280
Speaker 1: the best player in the league, right, Like, you can

583
00:29:13,280 --> 00:29:16,120
Speaker 1: intervention invest in him individually, but if he gets hurt,

584
00:29:16,960 --> 00:29:19,840
Speaker 1: then your investment might hurt. Right. But if you invest

585
00:29:19,920 --> 00:29:22,680
Speaker 1: in an e t F that has Lebron in it. Now,

586
00:29:22,760 --> 00:29:25,360
Speaker 1: now break it down. What is TEA? You're using big

587
00:29:25,400 --> 00:29:28,120
Speaker 1: words here. You're using big words to break it down,

588
00:29:28,480 --> 00:29:31,960
Speaker 1: I said second grader. Okay, and I want to say

589
00:29:32,040 --> 00:29:33,960
Speaker 1: I I invested in the et F based off of

590
00:29:33,960 --> 00:29:38,800
Speaker 1: one of your podcast The Vanguard's traded e t F,

591
00:29:39,280 --> 00:29:41,880
Speaker 1: so it goes by sectors. So E t s are

592
00:29:41,920 --> 00:29:44,440
Speaker 1: broken down into sectors. And so there's a different type

593
00:29:44,480 --> 00:29:47,640
Speaker 1: of companies. So you have technology companies, you have financial companies,

594
00:29:47,680 --> 00:29:50,480
Speaker 1: you have industrial companies, you have healthcare companies. And so

595
00:29:50,560 --> 00:29:54,080
Speaker 1: let's say Lebron is Apple, right, the greatest company, the

596
00:29:54,080 --> 00:29:57,880
Speaker 1: greatest player. He Apple is a tech company, and so

597
00:29:57,920 --> 00:30:00,040
Speaker 1: we'll be inside the e t F like XLK it

598
00:30:00,080 --> 00:30:02,160
Speaker 1: would be et F. But you also have other companies

599
00:30:02,160 --> 00:30:05,120
Speaker 1: inside their Microsoft is inside there, in video, which is

600
00:30:05,160 --> 00:30:07,120
Speaker 1: a chip company. A m D is a chip they're

601
00:30:07,200 --> 00:30:09,920
Speaker 1: inside it. Uh m D is not inside there, but

602
00:30:10,000 --> 00:30:12,280
Speaker 1: they're inside of this tech company. Right. So if Lebron

603
00:30:12,320 --> 00:30:15,400
Speaker 1: doesn't perform, well, you still have uh Anthony Davis on

604
00:30:15,440 --> 00:30:17,680
Speaker 1: your team, right, you still have Steph Curry on ther team,

605
00:30:17,720 --> 00:30:19,840
Speaker 1: so he doesn't really have to give you twenty seven

606
00:30:19,880 --> 00:30:21,680
Speaker 1: points a game, he can give you fifteen points and

607
00:30:21,680 --> 00:30:25,360
Speaker 1: you can still win. Whereas if he's invested individually, if

608
00:30:25,400 --> 00:30:28,160
Speaker 1: he gets hurt and he eats the average of seven, right,

609
00:30:28,280 --> 00:30:31,200
Speaker 1: then individually just much more exposure on the downside, that's

610
00:30:31,240 --> 00:30:33,240
Speaker 1: something happens to him, not to say that something would

611
00:30:33,240 --> 00:30:35,440
Speaker 1: happen to Apple, but we'd like to tell people like

612
00:30:35,520 --> 00:30:38,240
Speaker 1: invest in solid companies and they're invest in indexes and

613
00:30:38,320 --> 00:30:40,480
Speaker 1: e t s just so you don't have as musk

614
00:30:40,680 --> 00:30:42,959
Speaker 1: exposure on the downside. Right because on a day like

615
00:30:43,840 --> 00:30:46,680
Speaker 1: two weeks ago, when when Apple pulls back on Microsoft

616
00:30:46,680 --> 00:30:50,560
Speaker 1: pulls back, now that exposure to that company brings you down,

617
00:30:50,600 --> 00:30:52,080
Speaker 1: Whereas if you're in the E T F to pull

618
00:30:52,120 --> 00:30:54,959
Speaker 1: back would be not a severe because the percentage of

619
00:30:55,000 --> 00:30:57,880
Speaker 1: how much is invested in that company isn't as high.

620
00:30:57,880 --> 00:31:03,200
Speaker 1: It's like a it's almost like playing like fantasy football

621
00:31:03,280 --> 00:31:08,440
Speaker 1: or something, right, like everybody you gotta see where everyone

622
00:31:08,440 --> 00:31:11,920
Speaker 1: on the team is doing, and the better each individual

623
00:31:12,040 --> 00:31:14,920
Speaker 1: player is doing, the better eat exactly like you're gonna

624
00:31:14,960 --> 00:31:17,160
Speaker 1: you're gonna pick a team with strong players and so

625
00:31:17,200 --> 00:31:20,479
Speaker 1: the same thing. Yeah, okay, switching gears just a little bit.

626
00:31:20,520 --> 00:31:23,840
Speaker 1: I know, we we were skipping over the NSF stuff.

627
00:31:25,280 --> 00:31:26,800
Speaker 1: We're gonna come back. I want to come back to it.

628
00:31:26,840 --> 00:31:28,400
Speaker 1: But I have a have a question because you know,

629
00:31:28,680 --> 00:31:32,840
Speaker 1: Robin and I are entrepreneurs, and you know, we always

630
00:31:32,960 --> 00:31:35,800
Speaker 1: want to encourage especially black women to get out there

631
00:31:35,960 --> 00:31:40,000
Speaker 1: and invest in yourself and and definitely like strive for

632
00:31:40,040 --> 00:31:43,760
Speaker 1: your dreams. But you need money to do that. So

633
00:31:44,480 --> 00:31:46,880
Speaker 1: what is the best way to like raise capital for

634
00:31:46,920 --> 00:31:49,800
Speaker 1: your business, especially if you're a startup you know you're

635
00:31:49,840 --> 00:31:53,520
Speaker 1: new to just this entrepreneurial game. I mean, there's a

636
00:31:53,560 --> 00:31:56,440
Speaker 1: few different ways you can't go about raising capital. You can,

637
00:31:56,520 --> 00:31:59,880
Speaker 1: you know, raise capital from friends and family. Um, you

638
00:32:00,120 --> 00:32:03,440
Speaker 1: can you know, leverage your credit, you can take loans

639
00:32:03,440 --> 00:32:06,120
Speaker 1: from your full o one K. Everybody's situation is different.

640
00:32:06,120 --> 00:32:09,080
Speaker 1: What we did personally was we just started a business

641
00:32:09,080 --> 00:32:12,720
Speaker 1: that had low um startup costs, which is a podcast

642
00:32:12,880 --> 00:32:14,120
Speaker 1: doesn't mean you take a lot of money to start

643
00:32:14,120 --> 00:32:17,280
Speaker 1: a podcast, and we used our personal money. UM. You know,

644
00:32:17,400 --> 00:32:20,480
Speaker 1: I wish I could have had more of an elaborate

645
00:32:20,480 --> 00:32:22,640
Speaker 1: story to tell, but it really wasn't. Um. We just

646
00:32:22,760 --> 00:32:25,120
Speaker 1: we staved up. We have money that we have from

647
00:32:25,160 --> 00:32:29,040
Speaker 1: you know, working our respective careers, and we were still

648
00:32:29,080 --> 00:32:31,360
Speaker 1: working while we were being entrepreneur. That's a nothing to people.

649
00:32:31,680 --> 00:32:33,840
Speaker 1: You don't necessarily have to do one or the other,

650
00:32:34,400 --> 00:32:36,920
Speaker 1: Like you know, you can actually still do both at

651
00:32:36,920 --> 00:32:38,920
Speaker 1: the same time. If you have a nine a five job,

652
00:32:39,280 --> 00:32:41,240
Speaker 1: you can keep that not a five job and still

653
00:32:41,280 --> 00:32:44,280
Speaker 1: be an entrepreneur when you get home. And then eventually

654
00:32:44,320 --> 00:32:47,640
Speaker 1: as your business takes off and now it's time to

655
00:32:47,760 --> 00:32:50,400
Speaker 1: leave your nine the five, then you know it's time

656
00:32:50,440 --> 00:32:53,080
Speaker 1: to leave. But in the meantime, use the money from

657
00:32:53,080 --> 00:32:55,280
Speaker 1: your note a five job or whatever kind of job

658
00:32:55,320 --> 00:32:58,760
Speaker 1: you have to help fund your business. So like your

659
00:32:58,840 --> 00:33:01,840
Speaker 1: job is really it's the investor is the angel investing

660
00:33:01,880 --> 00:33:04,120
Speaker 1: in business in that in that situation. Other than that,

661
00:33:04,160 --> 00:33:05,800
Speaker 1: I mean, of course, you can try to get bank financing.

662
00:33:05,840 --> 00:33:08,720
Speaker 1: That's gonna be extremely difficult, almost impossible, especially if you're

663
00:33:08,720 --> 00:33:11,280
Speaker 1: just starting out, your black entrepreneur. It's gonna be extremely

664
00:33:11,320 --> 00:33:13,520
Speaker 1: difficult to get money from a bank. So, like I said,

665
00:33:13,520 --> 00:33:16,200
Speaker 1: I mean, most of the time for entrepreneurs, if you're

666
00:33:16,240 --> 00:33:18,200
Speaker 1: just starting now, you're gonna have to either use your

667
00:33:18,200 --> 00:33:20,600
Speaker 1: own personal money, which is money that you saved up

668
00:33:21,000 --> 00:33:23,880
Speaker 1: um or you know, money from like retirement accounts, money

669
00:33:23,920 --> 00:33:26,440
Speaker 1: from friends and family. You can, you know, take money

670
00:33:26,480 --> 00:33:28,040
Speaker 1: from your house. I'm gonna have to stop you. I'm

671
00:33:28,040 --> 00:33:29,840
Speaker 1: gonna have to stop you right there. The friends and family,

672
00:33:29,920 --> 00:33:33,480
Speaker 1: that's like sure far away to cause a ruckets at Thanksgiving,

673
00:33:33,640 --> 00:33:37,280
Speaker 1: Like no, okay, there's no no friends and family. But

674
00:33:37,320 --> 00:33:41,000
Speaker 1: definitely I believe in investing in yourself saving money and

675
00:33:41,040 --> 00:33:43,760
Speaker 1: because there's there's nobody that's gonna support you or like

676
00:33:43,920 --> 00:33:46,880
Speaker 1: root for you more than yourself. Right so I'm definitely

677
00:33:46,920 --> 00:33:49,680
Speaker 1: down with that. Friends and family, I say, no, I'm sorry.

678
00:33:49,920 --> 00:33:53,480
Speaker 1: It depends. I mean, if someone comes to me, I

679
00:33:53,480 --> 00:33:56,120
Speaker 1: would say more family than friends. If they come to

680
00:33:56,160 --> 00:33:59,280
Speaker 1: me they have a solid plan, then I'm not. I'm

681
00:33:59,440 --> 00:34:01,520
Speaker 1: I don't. I'm not going to shy away from helping

682
00:34:01,520 --> 00:34:03,320
Speaker 1: them out if I really believe in it, if I

683
00:34:03,320 --> 00:34:05,920
Speaker 1: see they have a plan, if you know, but not

684
00:34:06,120 --> 00:34:08,880
Speaker 1: someone just says I'm struggling. Can I get some money?

685
00:34:08,920 --> 00:34:11,080
Speaker 1: Like no, I want to know if how is this

686
00:34:11,120 --> 00:34:15,360
Speaker 1: money going to put you in a better place permanently,

687
00:34:15,440 --> 00:34:16,880
Speaker 1: Like I don't want to just give you money just

688
00:34:16,880 --> 00:34:18,480
Speaker 1: to pay your bill and that's it now, Okay, do

689
00:34:18,520 --> 00:34:20,279
Speaker 1: you all loan money? That's a good question. Do you

690
00:34:20,320 --> 00:34:22,160
Speaker 1: all loan money to people because I have a firm

691
00:34:22,400 --> 00:34:25,319
Speaker 1: stance because I didn't get burnt a couple of times. Yeah, no,

692
00:34:26,320 --> 00:34:29,400
Speaker 1: I ain't loaning nothing so loan would would would imply

693
00:34:29,480 --> 00:34:32,080
Speaker 1: that the money is gonna be paid back? Right, yes,

694
00:34:32,160 --> 00:34:36,440
Speaker 1: but we all know it's not. Okay, I I haven't.

695
00:34:36,480 --> 00:34:39,440
Speaker 1: I haven't um with the intent of expecting it to

696
00:34:39,440 --> 00:34:42,040
Speaker 1: come back. But I have UM given money UM with

697
00:34:42,120 --> 00:34:46,560
Speaker 1: the intent of helping out a situation. Okay, I like that. Okay, now'

698
00:34:46,560 --> 00:34:48,799
Speaker 1: gonna let you get back to the well wait, well

699
00:34:48,800 --> 00:34:55,319
Speaker 1: now that right, so wait, now we're going to get

700
00:34:55,360 --> 00:34:59,880
Speaker 1: back to the metaverse. And I but now that you

701
00:35:00,040 --> 00:35:02,560
Speaker 1: talked about business, I want to piggyback on that conversation.

702
00:35:02,840 --> 00:35:05,319
Speaker 1: I hear from a lot of people who, you know,

703
00:35:05,360 --> 00:35:07,520
Speaker 1: they they're working at nine to five and they really

704
00:35:07,520 --> 00:35:10,240
Speaker 1: want to be entrepreneurs. They really want to create multiple

705
00:35:10,239 --> 00:35:13,400
Speaker 1: streams of income and they don't know where to start.

706
00:35:13,440 --> 00:35:15,239
Speaker 1: And you know, my advice to them is, Okay, what

707
00:35:15,239 --> 00:35:18,080
Speaker 1: are you interested in? What can you, you know, find

708
00:35:18,120 --> 00:35:20,319
Speaker 1: to monetize something that you're interested in. But for people

709
00:35:20,360 --> 00:35:23,560
Speaker 1: who really don't think they have some sort of tangible

710
00:35:23,600 --> 00:35:29,120
Speaker 1: item to sell, what avenue would you say for like

711
00:35:29,200 --> 00:35:33,480
Speaker 1: people should look into too, maybe become entrepreneurs, Like I

712
00:35:33,520 --> 00:35:36,400
Speaker 1: know there's so many things, like especially with the vending machines,

713
00:35:36,440 --> 00:35:39,200
Speaker 1: like how like how is that that going for you guys?

714
00:35:40,000 --> 00:35:42,920
Speaker 1: I'll just start with with education because I've had this

715
00:35:42,960 --> 00:35:45,080
Speaker 1: conversation with a none of my colleagues who don't think

716
00:35:45,080 --> 00:35:46,920
Speaker 1: they could be entrepreneurs, And I'm like, the first thing

717
00:35:46,920 --> 00:35:48,840
Speaker 1: you have to do was what's your purpose? Right? And

718
00:35:48,840 --> 00:35:50,480
Speaker 1: that thing was like to help people. I'm like, well,

719
00:35:50,520 --> 00:35:52,279
Speaker 1: you have a skill set that somebody else doesn't have.

720
00:35:52,360 --> 00:35:54,000
Speaker 1: You have a skill set that I don't have. Ill

721
00:35:54,040 --> 00:35:56,560
Speaker 1: use a young lady for example, she um her son

722
00:35:57,200 --> 00:36:00,239
Speaker 1: UH is hearing imperient and she's advocated for for the

723
00:36:00,280 --> 00:36:03,399
Speaker 1: past three years, and I told him, like, look, your

724
00:36:03,480 --> 00:36:05,960
Speaker 1: level of advocacy, everybody doesn't know how to do that.

725
00:36:06,040 --> 00:36:08,319
Speaker 1: You should probably write a book on this, right, And

726
00:36:08,360 --> 00:36:10,000
Speaker 1: her mind was like, wait, I can't do that, And

727
00:36:10,000 --> 00:36:11,880
Speaker 1: I'm like, yeah, you could, Like you're fighting for this

728
00:36:12,040 --> 00:36:14,719
Speaker 1: every single day. So the first thing I would say

729
00:36:14,760 --> 00:36:16,920
Speaker 1: is look right in front of you, you're you probably

730
00:36:16,920 --> 00:36:20,000
Speaker 1: possess a skill and a purpose that the other person doesn't. Write.

731
00:36:20,000 --> 00:36:22,000
Speaker 1: Another one of my colleagues, she was like, I don't know,

732
00:36:22,080 --> 00:36:24,080
Speaker 1: I need to create more income. I'm like, well, you're

733
00:36:24,080 --> 00:36:26,799
Speaker 1: a great teacher, why don't you create a tutoring service? Right,

734
00:36:26,920 --> 00:36:29,200
Speaker 1: you can do that after school. Like that's not gonna

735
00:36:29,239 --> 00:36:31,359
Speaker 1: coase you anything. And you're doing what you naturally do.

736
00:36:31,440 --> 00:36:34,560
Speaker 1: You're you're great at You're a teacher. So the problem

737
00:36:34,600 --> 00:36:37,120
Speaker 1: is that people will use like hey, I don't have

738
00:36:37,200 --> 00:36:39,239
Speaker 1: the time for it, when I'm like, well, either you're

739
00:36:39,239 --> 00:36:41,239
Speaker 1: gonna dedicate the time to doing that or you're gonna

740
00:36:41,280 --> 00:36:44,520
Speaker 1: dedicate the next twenty five years to doing this. Right,

741
00:36:45,360 --> 00:36:50,680
Speaker 1: you drop a knowledge, It's just what you have to choose. Right.

742
00:36:50,680 --> 00:36:53,080
Speaker 1: But everybody, I believe that everybody has a purpose. They

743
00:36:53,160 --> 00:36:55,719
Speaker 1: just have been tapped into it, right, or they're overlooking it.

744
00:36:55,800 --> 00:36:57,319
Speaker 1: A lot of times, it's like it's right in front

745
00:36:57,320 --> 00:36:59,840
Speaker 1: of you. Right. So like people ask me now, like hey, Troy,

746
00:37:00,400 --> 00:37:02,439
Speaker 1: how's it feel not to teach anymore? And I'm like, well,

747
00:37:02,560 --> 00:37:06,000
Speaker 1: I'm teaching every day. You still teaching? Yeah, you're you're

748
00:37:06,040 --> 00:37:09,040
Speaker 1: teaching big time. Yeah, I didn't learn about four things today.

749
00:37:09,040 --> 00:37:14,960
Speaker 1: I didn't learn about four things. You can talk right, right, No,

750
00:37:15,120 --> 00:37:16,799
Speaker 1: but you are teaching a lot because, like I said,

751
00:37:16,840 --> 00:37:19,719
Speaker 1: I learned about I. Um, you know, I learned about

752
00:37:19,760 --> 00:37:22,120
Speaker 1: stocks from you guys. I also learned about things to

753
00:37:22,160 --> 00:37:25,680
Speaker 1: do for my children. One of which, um, I believe

754
00:37:25,800 --> 00:37:28,120
Speaker 1: I learned from you guys was, you know, make them

755
00:37:28,200 --> 00:37:31,040
Speaker 1: your employee. I have a business. So now I've set

756
00:37:31,080 --> 00:37:33,840
Speaker 1: both of my kids up as employees. I pay them,

757
00:37:33,880 --> 00:37:36,800
Speaker 1: you know, just under the threshold so that they're not taxed.

758
00:37:37,160 --> 00:37:38,840
Speaker 1: And you know, it's a tax start off for me.

759
00:37:39,120 --> 00:37:41,680
Speaker 1: They're building, you know, they're they're they're building a little

760
00:37:41,719 --> 00:37:45,680
Speaker 1: nest egg. Um. What I know a lot of people

761
00:37:46,520 --> 00:37:50,560
Speaker 1: want to create generational wealth for their kids. They want

762
00:37:50,560 --> 00:37:54,120
Speaker 1: to set their kids up for success. So what is

763
00:37:54,160 --> 00:37:56,880
Speaker 1: the best advice that you can give to parents to

764
00:37:57,040 --> 00:38:02,160
Speaker 1: help them, um, set their kids up for financial success? Um,

765
00:38:02,239 --> 00:38:05,360
Speaker 1: just start early, start early. Opening an investment account for them.

766
00:38:05,480 --> 00:38:09,160
Speaker 1: You can open up a UTMA and that's like a

767
00:38:09,160 --> 00:38:12,440
Speaker 1: a brokerage account and investment account, but for kids. And

768
00:38:12,600 --> 00:38:14,799
Speaker 1: uh wait minute, what's that called again? An art month?

769
00:38:15,320 --> 00:38:20,120
Speaker 1: U t ut M A U t M. Do you

770
00:38:20,120 --> 00:38:22,200
Speaker 1: all have kids? Yeah? I have, I have a son.

771
00:38:23,000 --> 00:38:26,800
Speaker 1: Okay U t M A Okay, I'm sorry, go ahead. So, um,

772
00:38:26,840 --> 00:38:30,000
Speaker 1: that's an investment account that you are like pretty much

773
00:38:30,040 --> 00:38:31,600
Speaker 1: the owner that you stole here and you can put

774
00:38:31,640 --> 00:38:33,880
Speaker 1: money in. You can invest in Apple, you can invest

775
00:38:33,920 --> 00:38:36,720
Speaker 1: in E, T, F and H. They don't gain access

776
00:38:36,880 --> 00:38:39,440
Speaker 1: to that until they turn eighteen to the to the

777
00:38:39,520 --> 00:38:42,160
Speaker 1: an adult, but you know that allows money to grow

778
00:38:42,239 --> 00:38:44,920
Speaker 1: into an account. So that's that's one real easy way

779
00:38:44,960 --> 00:38:47,000
Speaker 1: that you can do. Or you can do any online

780
00:38:47,000 --> 00:38:49,480
Speaker 1: account like t D and marriage trade. You can do

781
00:38:49,560 --> 00:38:52,640
Speaker 1: marrow Lynch, any any like online brokerage account. You can

782
00:38:52,680 --> 00:38:55,080
Speaker 1: go in there, take a couple of minutes into the information,

783
00:38:55,120 --> 00:38:56,760
Speaker 1: and then you have the account. You can start investing

784
00:38:56,760 --> 00:38:59,560
Speaker 1: money in UM. You can have a five twenty nine plan,

785
00:39:00,120 --> 00:39:02,800
Speaker 1: which that allows you to put money away for the education.

786
00:39:03,160 --> 00:39:04,960
Speaker 1: So that's the way that you know, parents want to

787
00:39:04,960 --> 00:39:06,799
Speaker 1: save for college, or you want to save for prep

788
00:39:06,880 --> 00:39:10,560
Speaker 1: school or whatever, not just higher education, any form of

789
00:39:10,640 --> 00:39:12,799
Speaker 1: education you can UM saving. The good thing with the

790
00:39:13,560 --> 00:39:16,319
Speaker 1: plans is that the money is tax free as long

791
00:39:16,320 --> 00:39:18,479
Speaker 1: as you're using for education, and depending on what states

792
00:39:18,520 --> 00:39:20,080
Speaker 1: you live in, if you invest in the states file

793
00:39:20,120 --> 00:39:22,600
Speaker 1: twenty nine planning, you get a state tax deduction for

794
00:39:22,719 --> 00:39:24,200
Speaker 1: the amount of money that you put in, so that's

795
00:39:24,200 --> 00:39:27,879
Speaker 1: beneficial as well. So those are two easy ways where

796
00:39:27,880 --> 00:39:30,480
Speaker 1: you can actually go about to start to build some

797
00:39:30,480 --> 00:39:33,560
Speaker 1: some assets, some wealth for your for your your child

798
00:39:33,719 --> 00:39:36,759
Speaker 1: down the line. I think what you're doing now is great, right,

799
00:39:36,880 --> 00:39:40,000
Speaker 1: like paying them as employees of your business. Right if

800
00:39:40,000 --> 00:39:42,000
Speaker 1: you if your child is seven years old, can you

801
00:39:42,040 --> 00:39:44,120
Speaker 1: imagine if you paid them ten thousand dollars a year

802
00:39:44,160 --> 00:39:48,399
Speaker 1: to their sevent team, right, you're talking about you, they're

803
00:39:48,400 --> 00:39:50,680
Speaker 1: already six figures by the time the eight team. And

804
00:39:50,719 --> 00:39:52,799
Speaker 1: if you invest in a custodio account. That's why we

805
00:39:52,800 --> 00:39:54,680
Speaker 1: we'd like to talk about starting early, right, So right

806
00:39:54,680 --> 00:39:58,440
Speaker 1: now our kids are playing roadblocks and then using their iPads,

807
00:39:58,480 --> 00:40:00,160
Speaker 1: and so these are companies that were investing in and

808
00:40:00,200 --> 00:40:02,960
Speaker 1: put it inside their studio accounts. Now, when we talk

809
00:40:03,000 --> 00:40:05,600
Speaker 1: about whole long term, that's not even enough vision and

810
00:40:05,719 --> 00:40:09,120
Speaker 1: like long term, like I'm seventeen, they're still young, right,

811
00:40:09,160 --> 00:40:11,360
Speaker 1: but that's ten years of equity that they've grown inside

812
00:40:11,400 --> 00:40:14,359
Speaker 1: those companies. And so that's another way. Just look at

813
00:40:14,400 --> 00:40:16,600
Speaker 1: what they're doing now right where they're invest in their time.

814
00:40:16,640 --> 00:40:19,560
Speaker 1: And because kids will tell you what's trending and what's hot, right,

815
00:40:19,560 --> 00:40:21,600
Speaker 1: they'll let you know, Right, that's so true. But you

816
00:40:21,600 --> 00:40:23,920
Speaker 1: know what, so so my father had an UPMA for me,

817
00:40:24,239 --> 00:40:26,920
Speaker 1: and of course once I turned like eighteen and I

818
00:40:26,960 --> 00:40:30,160
Speaker 1: was had access to it, I blew right through it.

819
00:40:30,320 --> 00:40:35,560
Speaker 1: So good. Yeah, So so so the hard part is, yeah,

820
00:40:35,600 --> 00:40:37,520
Speaker 1: we're gonna say for our kids, but we also have

821
00:40:37,600 --> 00:40:41,279
Speaker 1: to teach them and create discipline for them so that

822
00:40:41,320 --> 00:40:43,279
Speaker 1: they don't blow through that money and so that they

823
00:40:43,360 --> 00:40:45,800
Speaker 1: you know, maybe continue to invest it. But that definitely

824
00:40:45,800 --> 00:40:48,160
Speaker 1: happened to me. Like me and my brother, we blew

825
00:40:48,200 --> 00:40:51,440
Speaker 1: through our So this is what not to do. But

826
00:40:51,480 --> 00:40:54,160
Speaker 1: that's why we we we And I've been saying this recently,

827
00:40:54,160 --> 00:40:56,960
Speaker 1: it was like we the term generational wealth is cool,

828
00:40:57,040 --> 00:40:59,719
Speaker 1: but generation generation that could be blown not to saying

829
00:40:59,760 --> 00:41:01,680
Speaker 1: that that's what happened to you, but the term really

830
00:41:01,680 --> 00:41:04,560
Speaker 1: should be sustainable wealth, right, so as they're growing and

831
00:41:04,640 --> 00:41:06,919
Speaker 1: how do they sustain it so that they can't mess

832
00:41:06,960 --> 00:41:09,359
Speaker 1: this up? Right, Like, there's no way we're gonna put

833
00:41:09,360 --> 00:41:11,480
Speaker 1: the if this was bowling, we're putting the bumpers up

834
00:41:11,719 --> 00:41:14,880
Speaker 1: so that we we we've generated the wealth right this generation,

835
00:41:15,000 --> 00:41:16,640
Speaker 1: and we're gonna teach them how to sustain it so

836
00:41:16,719 --> 00:41:19,719
Speaker 1: that their kids and their grandkids will always have this wealth. Right,

837
00:41:19,719 --> 00:41:22,279
Speaker 1: Because if we teach generation. There's no way I gave

838
00:41:22,320 --> 00:41:24,480
Speaker 1: the example. My dad worked for forty two years. My

839
00:41:24,520 --> 00:41:26,839
Speaker 1: son is eight years old. Since he's been alive, he's

840
00:41:26,880 --> 00:41:29,560
Speaker 1: only seen my dad's on the couch. He's never seen

841
00:41:29,600 --> 00:41:31,000
Speaker 1: the hard work that he had to put in. He's

842
00:41:31,000 --> 00:41:33,040
Speaker 1: never seen those things. And so like, yeah, I can

843
00:41:33,080 --> 00:41:35,399
Speaker 1: teach them and you can watch me, but the more

844
00:41:35,400 --> 00:41:44,200
Speaker 1: important thing is how to sustain this long term. Okay,

845
00:41:44,239 --> 00:41:46,080
Speaker 1: I still want to talk about the metaverse, but so

846
00:41:46,120 --> 00:41:48,480
Speaker 1: that's gonna We're gonna close out with the metaverse. But

847
00:41:48,520 --> 00:41:51,600
Speaker 1: before we before we let y'all go, are there any

848
00:41:51,640 --> 00:41:55,600
Speaker 1: particular episodes that you would tell our listeners who are

849
00:41:55,640 --> 00:41:58,520
Speaker 1: new to you, guys who want to learn about, you know,

850
00:41:58,600 --> 00:42:01,279
Speaker 1: investing in business, Like, do you have episodes that you're like,

851
00:42:01,400 --> 00:42:04,040
Speaker 1: this is the one, go listen to this one, and

852
00:42:04,080 --> 00:42:06,040
Speaker 1: then they'll be hooked and then they'll start listening to

853
00:42:06,160 --> 00:42:10,120
Speaker 1: much some more. UM. I think episode forty four with

854
00:42:10,239 --> 00:42:13,120
Speaker 1: On Wall Street trap, but that was a good introduction

855
00:42:13,200 --> 00:42:16,560
Speaker 1: to stocks. If anybody's interested in stocks, that's something that

856
00:42:16,600 --> 00:42:19,720
Speaker 1: you can listen to and learn about the stock market. UM.

857
00:42:19,840 --> 00:42:23,560
Speaker 1: Episode eleven, which is probably one of my favorite episodes

858
00:42:24,000 --> 00:42:27,480
Speaker 1: that was a restaurant owner from Baltimore actually, and uh,

859
00:42:27,520 --> 00:42:30,279
Speaker 1: he actually gave a complete blueprint of like the ins

860
00:42:30,280 --> 00:42:32,680
Speaker 1: and outs of his industry. So not just for people

861
00:42:32,680 --> 00:42:35,760
Speaker 1: that's interested in running a restaurant, but anybody that's interested

862
00:42:35,760 --> 00:42:40,239
Speaker 1: in business period. That's a very very detailed, transparent episode.

863
00:42:40,280 --> 00:42:42,720
Speaker 1: So those are two episodes that I would I would

864
00:42:42,760 --> 00:42:45,640
Speaker 1: put I love that you know the number. I mean overy, Wait,

865
00:42:45,680 --> 00:42:49,160
Speaker 1: we don't know the none none of our episode. Hold

866
00:42:49,200 --> 00:42:51,440
Speaker 1: your thought, Troy, because I want you to tell us

867
00:42:51,440 --> 00:42:53,880
Speaker 1: your episodes. How do you all know how many episodes

868
00:42:53,880 --> 00:42:59,080
Speaker 1: do you have? And how do you know those are

869
00:42:59,120 --> 00:43:03,200
Speaker 1: memorable episode me? So I kind of you know that's

870
00:43:03,200 --> 00:43:05,480
Speaker 1: that's awesome. I'm I'm listening to them all right, what

871
00:43:05,560 --> 00:43:07,560
Speaker 1: you guys? So we got the first answers. We got

872
00:43:07,560 --> 00:43:11,640
Speaker 1: a hundred and sixty nine episodes. Leisure Number eleven is

873
00:43:11,640 --> 00:43:13,799
Speaker 1: probably my favorite as well. And number twelve, where we

874
00:43:13,920 --> 00:43:17,040
Speaker 1: actually talk about real estate with our brother merg the

875
00:43:17,040 --> 00:43:19,959
Speaker 1: mortgage Guy, is a very prowerful episode. Kind of changed

876
00:43:20,000 --> 00:43:22,080
Speaker 1: my mindset. We recorded it in my house and when

877
00:43:22,080 --> 00:43:24,239
Speaker 1: he was talking about strategies and how to invest in

878
00:43:24,320 --> 00:43:26,440
Speaker 1: real estate, I'm thinking to myself, like damn, I wish

879
00:43:26,480 --> 00:43:28,719
Speaker 1: I would have known this three years prior, so that

880
00:43:28,800 --> 00:43:31,120
Speaker 1: was one of them. And then episode seventy well with

881
00:43:31,280 --> 00:43:33,840
Speaker 1: our brother Ian Dunlap, who's our partner our market Mondays,

882
00:43:33,840 --> 00:43:36,600
Speaker 1: is another one of those investment episodes that just kind

883
00:43:36,600 --> 00:43:38,440
Speaker 1: of like shook the world up a little bit. So

884
00:43:38,520 --> 00:43:40,560
Speaker 1: those two are incredible, But there's a lot. There's a

885
00:43:40,600 --> 00:43:43,279
Speaker 1: bunch of them. We have an Airbnb episode, we have

886
00:43:43,280 --> 00:43:45,960
Speaker 1: the Vendom Machine episode, obviously the truck and the episode

887
00:43:46,000 --> 00:43:48,640
Speaker 1: that we did change the game. So there's a bunch

888
00:43:48,680 --> 00:43:51,560
Speaker 1: of them. There's a lot. Okay, Okay, So I love him,

889
00:43:51,600 --> 00:43:53,400
Speaker 1: I love awesome. All Right, we're gonna let you'all go,

890
00:43:53,440 --> 00:43:54,960
Speaker 1: but we're gonna talk about these n f T s

891
00:43:54,960 --> 00:43:56,920
Speaker 1: and the metaverse and what does all that mean? And

892
00:43:56,960 --> 00:43:59,560
Speaker 1: should I do? Should I? Should I sell a picture

893
00:43:59,560 --> 00:44:02,839
Speaker 1: of myself out for some money? Like that's only that's

894
00:44:02,880 --> 00:44:07,480
Speaker 1: only fans, that's only fans. That ain't that we're not

895
00:44:07,520 --> 00:44:10,480
Speaker 1: doing only fans. We're not doing that, right because that's naked.

896
00:44:10,480 --> 00:44:13,480
Speaker 1: You get naked. You can show people your feet and stuff. Yeah,

897
00:44:13,520 --> 00:44:15,360
Speaker 1: don't nobody want to see my toes because my toes

898
00:44:15,360 --> 00:44:20,279
Speaker 1: are kissable. But Anyway, let's move on. So n f

899
00:44:20,360 --> 00:44:23,479
Speaker 1: t s you want to know what they are? Yeah,

900
00:44:23,520 --> 00:44:25,480
Speaker 1: Like I just keep this, I just keep hearing n

901
00:44:25,520 --> 00:44:28,760
Speaker 1: f t S metaverse. It's just you know, like people

902
00:44:28,880 --> 00:44:33,840
Speaker 1: selling pictures and and I don't know, like old stuff

903
00:44:33,840 --> 00:44:35,840
Speaker 1: and getting making a million. Oh I saw some of

904
00:44:35,880 --> 00:44:38,160
Speaker 1: my thirteen year old girl made a million dollars off

905
00:44:38,160 --> 00:44:41,000
Speaker 1: at n f t s. Like what what is this? Yeah,

906
00:44:41,200 --> 00:44:43,799
Speaker 1: n f t s are non fungible token show its

907
00:44:43,840 --> 00:44:48,680
Speaker 1: song when you think of something that's replaceable, that's fungible. So,

908
00:44:48,840 --> 00:44:50,719
Speaker 1: like Charlotte said about the nineteen Keys, he gave a

909
00:44:50,719 --> 00:44:53,560
Speaker 1: really good example that all you so a dollar, a

910
00:44:53,680 --> 00:44:56,480
Speaker 1: dollar is fungible. Rights, It's like if you have if

911
00:44:56,480 --> 00:44:58,840
Speaker 1: you have a dollar bill and you lose it and

912
00:44:58,880 --> 00:45:00,840
Speaker 1: then I give you another dollar bill, it's not a

913
00:45:00,840 --> 00:45:04,760
Speaker 1: big deal. You don't really care, right, But like, let's

914
00:45:04,760 --> 00:45:10,200
Speaker 1: say that if Beyonce autographed a dollar bill, right, you

915
00:45:10,320 --> 00:45:12,359
Speaker 1: lose it and then I give you another dollar bill.

916
00:45:12,640 --> 00:45:15,439
Speaker 1: And that's not the same, you know what I'm saying,

917
00:45:15,480 --> 00:45:19,520
Speaker 1: Because now now that autograph Beyonce, that's non fungible. You

918
00:45:19,560 --> 00:45:24,120
Speaker 1: can't really replace that. So now what it is is

919
00:45:24,239 --> 00:45:28,080
Speaker 1: it's the same thing with art. So like if Bosciott

920
00:45:28,239 --> 00:45:32,319
Speaker 1: does a painting, right and he's no longer here, there's

921
00:45:32,320 --> 00:45:36,480
Speaker 1: no way to really replicate that unless you just have forgery.

922
00:45:36,880 --> 00:45:39,520
Speaker 1: There's only one of those paintings, which is why they's

923
00:45:39,560 --> 00:45:42,680
Speaker 1: so valuable. Right. So now with n f T, it's

924
00:45:42,719 --> 00:45:46,120
Speaker 1: the same idea, the same concept, but it's on the blockchain,

925
00:45:46,160 --> 00:45:49,680
Speaker 1: which is why art was like the first adoption to

926
00:45:49,719 --> 00:45:51,319
Speaker 1: the n f T world if you think about it,

927
00:45:51,320 --> 00:45:53,440
Speaker 1: because that that makes complete sense, where it's like you

928
00:45:53,480 --> 00:45:56,400
Speaker 1: have artists that draw something and it's only one of

929
00:45:56,480 --> 00:45:58,640
Speaker 1: one of those, so it would be the same thing

930
00:45:58,640 --> 00:46:00,040
Speaker 1: in the digital world. So now they came up with

931
00:46:00,200 --> 00:46:05,719
Speaker 1: like digital art where it's like apes and um monkeys

932
00:46:05,760 --> 00:46:08,840
Speaker 1: and lions and all these different things. Right, So that's

933
00:46:08,920 --> 00:46:10,920
Speaker 1: one way to think about it, where it's like kind

934
00:46:10,920 --> 00:46:14,600
Speaker 1: of like a digital art form that can't be replicated,

935
00:46:14,960 --> 00:46:19,200
Speaker 1: can't lee, can't be duplicated, and the proof of it

936
00:46:19,320 --> 00:46:21,440
Speaker 1: is on the blockchain, which to say, okay, this is

937
00:46:22,040 --> 00:46:26,239
Speaker 1: number one of one. You are the owner, nobody else

938
00:46:26,280 --> 00:46:29,160
Speaker 1: has it, you have all the rights to it. That's it.

939
00:46:29,160 --> 00:46:31,520
Speaker 1: It's not arguable. You can't argue it, can't do anything

940
00:46:31,520 --> 00:46:34,080
Speaker 1: with it, but there's other rail world you use cases

941
00:46:34,120 --> 00:46:37,480
Speaker 1: to it as well. So like Nike, it is planning

942
00:46:37,520 --> 00:46:41,640
Speaker 1: on releasing n f T s with every sneaker, so

943
00:46:41,719 --> 00:46:45,239
Speaker 1: now it's like the counterfeit sneaker market is huge. So

944
00:46:45,320 --> 00:46:47,640
Speaker 1: now you don't have to worry about buying fake Jordan's

945
00:46:47,680 --> 00:46:52,399
Speaker 1: because you know you can identify that this is a

946
00:46:52,400 --> 00:46:55,640
Speaker 1: authentic Nike shoe because of the n f T that's

947
00:46:55,680 --> 00:46:59,680
Speaker 1: attached to it. So yeah. So or even like NAS

948
00:47:00,120 --> 00:47:04,440
Speaker 1: who just released two songs UM via n f T

949
00:47:04,600 --> 00:47:09,040
Speaker 1: holders have UM, they actually have rights to the song,

950
00:47:09,160 --> 00:47:12,560
Speaker 1: so now they get publishing rights every time the song

951
00:47:12,640 --> 00:47:16,160
Speaker 1: gets sold. So now they're actually owners of his catalog,

952
00:47:16,360 --> 00:47:18,319
Speaker 1: like part of his catalog, the actually owners of it.

953
00:47:18,520 --> 00:47:20,640
Speaker 1: So that's an interesting way to go about it as well,

954
00:47:20,680 --> 00:47:23,919
Speaker 1: where now you can actually, like a business or influencer

955
00:47:24,080 --> 00:47:27,360
Speaker 1: or a musician can actually offer their fans, their supporters

956
00:47:27,440 --> 00:47:30,720
Speaker 1: ownership and their music or ownership and their product ownership

957
00:47:30,760 --> 00:47:33,359
Speaker 1: in their company by n f T s and it's

958
00:47:33,360 --> 00:47:35,520
Speaker 1: like if you own this, it's like a stock certificate,

959
00:47:35,560 --> 00:47:38,279
Speaker 1: Like if you own this n f T, you're guaranteed

960
00:47:38,320 --> 00:47:41,520
Speaker 1: to two percent of the portions forever and a good

961
00:47:41,520 --> 00:47:44,480
Speaker 1: thing too, is that it lasts forever, lasting perpetuity, and

962
00:47:44,520 --> 00:47:48,680
Speaker 1: every time it gets resold that the original person um

963
00:47:48,719 --> 00:47:50,600
Speaker 1: gets a percentage. So you set a commission. So if

964
00:47:50,600 --> 00:47:52,640
Speaker 1: it's like, let's say you set a temperacent commission on

965
00:47:52,680 --> 00:47:55,840
Speaker 1: it and it's a digital artwork. Now you sell it

966
00:47:55,880 --> 00:47:58,600
Speaker 1: for a thousand dollars, and then somebody else sells it

967
00:47:58,680 --> 00:48:01,680
Speaker 1: for ten thousand dollars. Now when they sold it for

968
00:48:01,760 --> 00:48:04,239
Speaker 1: ten thousand, you get a thousand because you have a

969
00:48:04,239 --> 00:48:09,239
Speaker 1: ten percent commission on it. So it's like, imagine if Boscot,

970
00:48:09,800 --> 00:48:12,400
Speaker 1: if he like, his latest painting sold for like a

971
00:48:12,440 --> 00:48:14,279
Speaker 1: hundred million dollars a couple of years ago. But I

972
00:48:14,280 --> 00:48:16,480
Speaker 1: think the most he ever received for a painting while

973
00:48:16,520 --> 00:48:19,120
Speaker 1: he was alive was like less than a hundred thousand.

974
00:48:19,440 --> 00:48:21,920
Speaker 1: So imagine that his family, if it was an n

975
00:48:21,960 --> 00:48:24,799
Speaker 1: f T, his family actually had that royalty. And now

976
00:48:24,880 --> 00:48:26,640
Speaker 1: let's say it was ten percent. So now when he

977
00:48:26,760 --> 00:48:29,600
Speaker 1: got sold last year, two years ago for a hundred million,

978
00:48:29,800 --> 00:48:32,120
Speaker 1: his family would have got ten million dollars as opposed

979
00:48:32,120 --> 00:48:34,880
Speaker 1: to his family in anything from the hundred million. If

980
00:48:34,880 --> 00:48:37,520
Speaker 1: it gets sold again for three hundred million, he his

981
00:48:37,560 --> 00:48:40,600
Speaker 1: family doesn't get anything from that. So, you know, the

982
00:48:40,719 --> 00:48:42,720
Speaker 1: n f T conversation, I'll let you talk about the metaverse,

983
00:48:42,760 --> 00:48:46,879
Speaker 1: but the NFT conversation is something that is extremely interesting

984
00:48:47,000 --> 00:48:50,520
Speaker 1: because it carries a lot of different verticals. A lot

985
00:48:50,520 --> 00:48:52,680
Speaker 1: of people are just focusing on one area, which is

986
00:48:52,719 --> 00:48:55,640
Speaker 1: the art, and they don't understand it. And it's like, yeah,

987
00:48:55,680 --> 00:48:58,560
Speaker 1: why is an ape selling for three hundred thousand dollars?

988
00:48:58,560 --> 00:49:01,640
Speaker 1: Why is a picture of a banana? And sellings? But

989
00:49:02,239 --> 00:49:05,319
Speaker 1: that's that's only one part of it. Um. It has

990
00:49:05,360 --> 00:49:08,520
Speaker 1: a lot of different use cases and I think that

991
00:49:08,520 --> 00:49:10,680
Speaker 1: that's gonna be interesting to see, like you know, it

992
00:49:10,760 --> 00:49:13,640
Speaker 1: play out more and more in the future. So where

993
00:49:13,640 --> 00:49:16,720
Speaker 1: do you go to like learn more or to purchase?

994
00:49:16,800 --> 00:49:19,000
Speaker 1: You know, if I wanted to purchase ape, where do

995
00:49:19,040 --> 00:49:20,720
Speaker 1: I go? If I wanted to sell them the picture

996
00:49:20,760 --> 00:49:25,719
Speaker 1: of me? Like, like, I don't know where you wanted

997
00:49:25,760 --> 00:49:27,600
Speaker 1: to sell your own ed you'd have to go through

998
00:49:27,600 --> 00:49:30,440
Speaker 1: what's called a minting process, um, and it there's a

999
00:49:31,200 --> 00:49:33,560
Speaker 1: there's a few places you can do that. The space

1000
00:49:33,640 --> 00:49:36,200
Speaker 1: is so new, it's almost like when when the Internet

1001
00:49:36,239 --> 00:49:38,839
Speaker 1: was around, when everybody was like trying to find their

1002
00:49:38,920 --> 00:49:41,560
Speaker 1: dot com. That's that's what we're going through right now,

1003
00:49:41,880 --> 00:49:44,840
Speaker 1: and so like that n f T pieces really important,

1004
00:49:44,920 --> 00:49:47,759
Speaker 1: but like sites like open sea dot io is a

1005
00:49:47,800 --> 00:49:50,960
Speaker 1: place you can like do some research and search the artwork. Right,

1006
00:49:51,000 --> 00:49:52,920
Speaker 1: So like when we're talking about board apes, so we're

1007
00:49:52,920 --> 00:49:56,720
Speaker 1: talking about women of color, we're talking about crypto punks.

1008
00:49:57,280 --> 00:50:00,440
Speaker 1: You can see actually those actual pieces and you can

1009
00:50:00,480 --> 00:50:01,960
Speaker 1: bid on them. Right, It's the same thing like you

1010
00:50:01,960 --> 00:50:03,759
Speaker 1: would been on a piece of art. UM. This has

1011
00:50:03,800 --> 00:50:08,080
Speaker 1: just done in the digital currencies. So Ethereum is the

1012
00:50:08,200 --> 00:50:10,440
Speaker 1: platform that all these are built on right now. UM

1013
00:50:10,440 --> 00:50:13,720
Speaker 1: and Solano is another one where that they're actually gaining

1014
00:50:13,800 --> 00:50:17,560
Speaker 1: some ground UM. So that's why it's important to educate yourself,

1015
00:50:17,640 --> 00:50:19,640
Speaker 1: right because if you you press the wrong button or

1016
00:50:19,680 --> 00:50:21,839
Speaker 1: you send them wrong code and you're trying to buy

1017
00:50:21,840 --> 00:50:24,440
Speaker 1: a piece of art or an n f t um,

1018
00:50:24,520 --> 00:50:26,279
Speaker 1: you could lose it if you don't do the right thing.

1019
00:50:26,719 --> 00:50:30,239
Speaker 1: So that's important to UM. And then the metaverses is

1020
00:50:30,840 --> 00:50:33,239
Speaker 1: it's interesting, right, I felt like we've been prepared for

1021
00:50:33,239 --> 00:50:36,360
Speaker 1: this our whole lives, right, We're actually we're we're the

1022
00:50:36,360 --> 00:50:38,799
Speaker 1: ones who like we're champion in our whole lives. If

1023
00:50:38,800 --> 00:50:40,640
Speaker 1: we play video games in the eighties and the nineties.

1024
00:50:40,880 --> 00:50:43,600
Speaker 1: Definitely two thousands you play Grant the Photo or call

1025
00:50:43,680 --> 00:50:46,200
Speaker 1: it Duty or any of those game roadblocks too. SIMS.

1026
00:50:46,239 --> 00:50:47,799
Speaker 1: I mean like the SIMS was like this virtual world

1027
00:50:47,800 --> 00:50:50,160
Speaker 1: where you have characters. The only difference now is that

1028
00:50:50,200 --> 00:50:52,600
Speaker 1: you are the character inside these spaces and the real

1029
00:50:52,719 --> 00:50:56,200
Speaker 1: actual companies inside. And so the metaverse is like a

1030
00:50:56,360 --> 00:50:58,800
Speaker 1: virtual world. And I know it's kind of crazy because

1031
00:50:59,040 --> 00:51:02,359
Speaker 1: Facebook is now meta um, and so when you think matter,

1032
00:51:02,400 --> 00:51:05,120
Speaker 1: you think Facebook. But there's there's there's a bunch of worlds.

1033
00:51:05,120 --> 00:51:08,040
Speaker 1: You've got to think of it like a galaxy of places, um.

1034
00:51:08,120 --> 00:51:10,960
Speaker 1: And so where people are going to, uh, we'll determine

1035
00:51:10,960 --> 00:51:12,400
Speaker 1: the value of the land that's there. So I know,

1036
00:51:12,440 --> 00:51:15,120
Speaker 1: like Snoop has, everybody keeps talking about Snoops in the metaverse,

1037
00:51:15,320 --> 00:51:17,400
Speaker 1: and everybody wants to buy property around him. And what

1038
00:51:17,440 --> 00:51:20,319
Speaker 1: that does is when he buys property right and people

1039
00:51:20,360 --> 00:51:22,200
Speaker 1: want to live in, it drives up the value of

1040
00:51:22,239 --> 00:51:25,120
Speaker 1: the actual property inside the space. So people are like, well,

1041
00:51:25,120 --> 00:51:29,359
Speaker 1: why would I have a digital virtual world? Well, number one,

1042
00:51:29,520 --> 00:51:32,160
Speaker 1: people are there right this is the way right now,

1043
00:51:32,400 --> 00:51:34,640
Speaker 1: and number two, there's plenty of use cases for it.

1044
00:51:34,800 --> 00:51:38,200
Speaker 1: So right now, like his neighbor, right if they decided that, hey,

1045
00:51:38,280 --> 00:51:40,759
Speaker 1: I'm gonna have an art gallery on the bottom floor

1046
00:51:40,800 --> 00:51:43,520
Speaker 1: of my house, right, the people who leave Snoop's house

1047
00:51:43,560 --> 00:51:46,279
Speaker 1: will probably venture over to his next door neighbor, right,

1048
00:51:46,320 --> 00:51:48,239
Speaker 1: and then they'll see artwork that is hanging, and they

1049
00:51:48,239 --> 00:51:51,319
Speaker 1: can bid on that artwork. Right on the second floor

1050
00:51:51,360 --> 00:51:53,040
Speaker 1: of the house. They maybe decide that they're gonna have

1051
00:51:53,040 --> 00:51:55,239
Speaker 1: a virtual party up there, right, and they might charge

1052
00:51:55,239 --> 00:51:57,719
Speaker 1: people ninety nine cents to be in that party. Right,

1053
00:51:57,800 --> 00:52:00,480
Speaker 1: So rather than having everybody, you can charging. Now you're

1054
00:52:00,480 --> 00:52:02,560
Speaker 1: not sense or now you're not whatever the equivalent is

1055
00:52:02,600 --> 00:52:05,759
Speaker 1: in East, and now you can actually make money for

1056
00:52:05,880 --> 00:52:08,840
Speaker 1: your virtual space. Is this through Facebook or no? Is

1057
00:52:08,880 --> 00:52:10,799
Speaker 1: this through Facebook or not? It doesn't have to be.

1058
00:52:10,840 --> 00:52:12,520
Speaker 1: It doesn't have to be. They're still working on that place.

1059
00:52:12,560 --> 00:52:13,920
Speaker 1: Like the Central Land is a place that a lot

1060
00:52:13,960 --> 00:52:16,400
Speaker 1: of people who used probably the most popular we actually

1061
00:52:16,400 --> 00:52:21,560
Speaker 1: went into the Central Land. Central Land. Yeah, that's probably

1062
00:52:22,000 --> 00:52:26,880
Speaker 1: this is Is this just for young people? I mean no,

1063
00:52:27,600 --> 00:52:29,200
Speaker 1: my kids. My kids are all into the same. So

1064
00:52:29,280 --> 00:52:32,520
Speaker 1: I'm there to be like multimillionaires about five minutes, okay,

1065
00:52:32,520 --> 00:52:34,880
Speaker 1: because they're about to get into this. Imagine if reasonably

1066
00:52:34,880 --> 00:52:38,359
Speaker 1: shady did a live show, right, and you had six

1067
00:52:38,600 --> 00:52:42,120
Speaker 1: which we're doing by the way you're working towards. And

1068
00:52:42,120 --> 00:52:44,680
Speaker 1: then we have an audience of five hundred people right now.

1069
00:52:44,719 --> 00:52:47,480
Speaker 1: Imagine that's five hundred ticket buyers and they can consume it.

1070
00:52:47,520 --> 00:52:49,600
Speaker 1: But what if you did it in a virtual space,

1071
00:52:49,600 --> 00:52:52,239
Speaker 1: and now there is no limit, right, you can have

1072
00:52:52,320 --> 00:52:55,319
Speaker 1: five thousand people in there. And if you played the

1073
00:52:55,320 --> 00:52:57,680
Speaker 1: SAME's if you played any of these games, Roadblocks, Fortnite.

1074
00:52:58,400 --> 00:53:01,200
Speaker 1: People want to separate themselves the way they look, and

1075
00:53:01,239 --> 00:53:04,080
Speaker 1: so now you have now you have a space where

1076
00:53:04,080 --> 00:53:08,120
Speaker 1: you see Polo entering the metaverse, right, you see Gucci

1077
00:53:08,280 --> 00:53:10,719
Speaker 1: entering the metaverse. Why because I want to have something

1078
00:53:10,760 --> 00:53:13,040
Speaker 1: that's unique. I want to look different from that person,

1079
00:53:13,040 --> 00:53:14,600
Speaker 1: and we all don't want to look the same. And

1080
00:53:14,640 --> 00:53:16,560
Speaker 1: so now you see, like, all right, well we'll charge

1081
00:53:16,800 --> 00:53:20,439
Speaker 1: two dollars nine cents, right, those those uh add ons

1082
00:53:20,480 --> 00:53:22,160
Speaker 1: that go inside games that if you're a parent you

1083
00:53:22,160 --> 00:53:24,920
Speaker 1: already know about. You're already doing it. And so like

1084
00:53:24,960 --> 00:53:27,000
Speaker 1: two nine ads up. When you have a million people

1085
00:53:27,040 --> 00:53:30,200
Speaker 1: doing this, Travis Scott decided to do a concert, right,

1086
00:53:30,239 --> 00:53:32,120
Speaker 1: Like he could have twenty people in the arena, or

1087
00:53:32,160 --> 00:53:35,439
Speaker 1: he could have six million people watching more Fortnite. Yeah,

1088
00:53:35,560 --> 00:53:40,440
Speaker 1: you see the different There's so many different advantages that

1089
00:53:40,480 --> 00:53:43,680
Speaker 1: you have from being in the virtual space, and we've

1090
00:53:43,680 --> 00:53:45,479
Speaker 1: already prepared for it. Like I said, like our kids

1091
00:53:45,480 --> 00:53:48,120
Speaker 1: pay Robucks. This is nothing new to them. It feels

1092
00:53:48,120 --> 00:53:49,600
Speaker 1: like it's new to us. But when I thought about

1093
00:53:49,600 --> 00:53:51,600
Speaker 1: I'm like, wait, this feels like grand theft Auto when

1094
00:53:51,640 --> 00:53:53,759
Speaker 1: I was growing up. And so like the kids, they're

1095
00:53:53,760 --> 00:53:56,400
Speaker 1: already a very trained for very used to it. And

1096
00:53:56,400 --> 00:53:59,319
Speaker 1: it's not just for young people. The wealthiest people in

1097
00:53:59,320 --> 00:54:02,800
Speaker 1: the world are probably already invested in the land inside

1098
00:54:02,840 --> 00:54:04,560
Speaker 1: of these spaces because they know that this is the

1099
00:54:04,560 --> 00:54:07,239
Speaker 1: next thing that's coming. Yeah for sure, all right, we

1100
00:54:07,239 --> 00:54:09,960
Speaker 1: we have gotten to let you I know, it's just

1101
00:54:10,000 --> 00:54:13,719
Speaker 1: so many questions. But honestly, people were listening. Go go

1102
00:54:13,840 --> 00:54:16,960
Speaker 1: to their podcast, to their YouTube. I've learned so much

1103
00:54:17,000 --> 00:54:19,080
Speaker 1: from you guys. I want to continue learning from you guys.

1104
00:54:19,480 --> 00:54:22,440
Speaker 1: Super duper appreciate you for real. Now, Absolutely we and

1105
00:54:22,480 --> 00:54:25,319
Speaker 1: nothing nothing better than smart black men. Ain't nothing better

1106
00:54:25,320 --> 00:54:28,120
Speaker 1: than that. And y'all are clearly y'all are clearly that

1107
00:54:28,760 --> 00:54:31,000
Speaker 1: um and you know, Robin actually has been trying to

1108
00:54:31,000 --> 00:54:34,000
Speaker 1: get y'all or us to um collaborate with you guys

1109
00:54:34,040 --> 00:54:35,439
Speaker 1: for a while, and I'm like, I don't I don't

1110
00:54:35,440 --> 00:54:39,120
Speaker 1: know nothing about I was kind of hating on y'all.

1111
00:54:39,360 --> 00:54:43,319
Speaker 1: But I'm so happy we've had this conversation, Like our

1112
00:54:43,520 --> 00:54:45,319
Speaker 1: listeners are gonna be able to pick so much from

1113
00:54:45,320 --> 00:54:47,919
Speaker 1: what we've talked about and and really learned. And what

1114
00:54:47,960 --> 00:54:50,000
Speaker 1: we've learned, what Robin I've learned is we got to

1115
00:54:50,000 --> 00:54:56,239
Speaker 1: know the numbers of our episodes. Okay, but now, thank you,

1116
00:54:56,400 --> 00:54:59,640
Speaker 1: thank you all, and congratulations on your nomination. For the

1117
00:54:59,719 --> 00:55:02,680
Speaker 1: end of thank you, We appreciate it. Shout out to

1118
00:55:02,760 --> 00:55:04,920
Speaker 1: Nicole for being Nicole said we gotta do it. You

1119
00:55:04,920 --> 00:55:06,200
Speaker 1: gotta get this done, and we said, all right, once

1120
00:55:06,239 --> 00:55:08,279
Speaker 1: we have an opportunity, we're getting done. So shout in

1121
00:55:08,320 --> 00:55:11,319
Speaker 1: the coal in the Black Effect team. Yes, absolutely, Yes,

1122
00:55:11,400 --> 00:55:13,920
Speaker 1: we appreciate y'all. I look forward to seeing y'all continue

1123
00:55:13,960 --> 00:55:17,000
Speaker 1: to grow, um and I'm going to continue to be inspired.

1124
00:55:17,120 --> 00:55:19,000
Speaker 1: So yes, and when we see y'all in these streets,

1125
00:55:19,000 --> 00:55:26,520
Speaker 1: don't act like y'all don't know us, don't do that. Yes,

1126
00:55:26,719 --> 00:55:31,759
Speaker 1: remember that. Thank you so much, alright, thank you later.

1127
00:55:34,239 --> 00:55:37,839
Speaker 1: Oh my gosh, Roving I have learned so much. I've

1128
00:55:37,920 --> 00:55:40,359
Speaker 1: actually I kind of felt like an idiot. I feel

1129
00:55:40,360 --> 00:55:42,120
Speaker 1: like I know nothing and these guys are like so

1130
00:55:42,160 --> 00:55:44,799
Speaker 1: super smart I know, I mean, And honestly, the thing

1131
00:55:44,840 --> 00:55:47,040
Speaker 1: that I like, I said, I've been following for a minute,

1132
00:55:47,360 --> 00:55:50,440
Speaker 1: I've learned so much from them. I've been inspired. Um,

1133
00:55:50,520 --> 00:55:52,759
Speaker 1: and it's like I want to do everything because they

1134
00:55:52,800 --> 00:55:56,239
Speaker 1: do provide you with so much information. Um, so I

1135
00:55:56,280 --> 00:56:00,080
Speaker 1: gotta really just prioritize, like, you know, what do I

1136
00:56:00,120 --> 00:56:02,759
Speaker 1: want to focus on from the lessons that I've learned.

1137
00:56:02,760 --> 00:56:04,759
Speaker 1: But I also, I mean, it's just it's so like

1138
00:56:04,880 --> 00:56:07,839
Speaker 1: guys for real. If you're not hip to them, go

1139
00:56:07,920 --> 00:56:11,839
Speaker 1: check out their podcast. Um. I love learning about money

1140
00:56:11,880 --> 00:56:14,480
Speaker 1: and business and stuff like that. And they taught us

1141
00:56:14,520 --> 00:56:17,440
Speaker 1: have an excess strategy and that that applies to more

1142
00:56:17,440 --> 00:56:21,200
Speaker 1: than just finances. Okay, um, and um, what is your

1143
00:56:21,239 --> 00:56:23,360
Speaker 1: purpose when it comes to like starting a business, figure

1144
00:56:23,360 --> 00:56:25,640
Speaker 1: out what is your purpose? I love that it's like

1145
00:56:26,080 --> 00:56:29,440
Speaker 1: golden absolutely absolutely, and get your kids started. Honestly, I

1146
00:56:29,440 --> 00:56:32,440
Speaker 1: feel like the vending machine idea for a kid is

1147
00:56:32,480 --> 00:56:36,040
Speaker 1: awesome because kids love snacks, right, so for a kid,

1148
00:56:36,120 --> 00:56:38,040
Speaker 1: that would be so cool for them to actually have

1149
00:56:38,080 --> 00:56:41,239
Speaker 1: a vending machine that they can manage, they can go

1150
00:56:41,320 --> 00:56:43,440
Speaker 1: check it out, they can refill it. Like that's something

1151
00:56:43,480 --> 00:56:46,239
Speaker 1: that you know, you can start getting your kids involved in.

1152
00:56:46,280 --> 00:56:48,640
Speaker 1: And so, you know, check out their vending machine episode.

1153
00:56:48,640 --> 00:56:51,359
Speaker 1: I don't know what number that is, but um, just

1154
00:56:51,520 --> 00:56:54,879
Speaker 1: so many ways that you can get kids excited about business. Yes,

1155
00:56:54,920 --> 00:56:56,520
Speaker 1: so thank you all so much. This this episode is

1156
00:56:56,520 --> 00:56:59,799
Speaker 1: actually very reasonable. Um, let's never forget to live your

1157
00:56:59,800 --> 00:57:14,280
Speaker 1: life either reasonable or shady, yes or both. By Reasonably

1158
00:57:14,320 --> 00:57:18,160
Speaker 1: Shady is a production of the Black Affect podcast Network.

1159
00:57:18,400 --> 00:57:21,200
Speaker 1: For more podcasts from our Heart Radio, visit the I

1160
00:57:21,320 --> 00:57:24,480
Speaker 1: Heart Radio app, Apple podcast, or wherever you listen to

1161
00:57:24,520 --> 00:57:27,320
Speaker 1: your favorite shows, and you can connect with us on

1162
00:57:27,360 --> 00:57:32,120
Speaker 1: social media at Robin Dixon, ten, Giselle Briant, and Reasonably

1163
00:57:32,600 --> 00:57:39,360
Speaker 1: Shady