WEBVTT - Making Money Moves! (feat. Earn Your Leisure) 0:00:00.720 --> 0:00:04.360 Welcome to Reasonably Shady, a production of The Black Effect 0:00:04.440 --> 0:00:20.720 Podcast Network and I Heart Radio. Hello and welcome to 0:00:20.800 --> 0:00:24.720 another episode of Reasonably Shady. I am Gazelle Bryant. What's up? 0:00:24.720 --> 0:00:28.200 What's up everyone? I am Robin Dixon. Thank you once 0:00:28.240 --> 0:00:32.120 again for being here with us. Now, Robin, have you 0:00:32.200 --> 0:00:37.040 Valentine's Day? Poo? Whatever do you mean? It's like, this 0:00:37.159 --> 0:00:40.400 is a um, what do they call it? A holiday 0:00:40.440 --> 0:00:42.040 where they just make money? What's that called? What do 0:00:42.120 --> 0:00:45.200 they call these things? Commercial? This is a commercial holiday. 0:00:45.360 --> 0:00:48.080 It is so not commercials. That's just because you have 0:00:48.120 --> 0:00:50.360 been in a relationship with the same person for five huntrees. 0:00:50.760 --> 0:00:54.640 Valentie's they should be every day, shouldn't. Yes. I like that. 0:00:54.800 --> 0:00:56.640 I feel like that's like letting them off the hook 0:00:56.720 --> 0:00:59.120 for like the other three hundred and sixty four days 0:00:59.120 --> 0:01:01.400 of the year. Okay, just treat me, Okay, treat me. 0:01:01.400 --> 0:01:05.000 Get on Valentine's Day, my birthday and Christmas nas like, nah, 0:01:05.200 --> 0:01:08.400 bring me flowers every week? Okay, does does want to 0:01:08.440 --> 0:01:14.840 do that? I'm just I'm asking me. Okay, I get you. 0:01:15.080 --> 0:01:17.600 I understand that, and I feel that totally like men 0:01:17.640 --> 0:01:22.520 should definitely appreciate us at all times. However, don't like 0:01:22.760 --> 0:01:25.240 disregard me on Valentine's Day and not send me my 0:01:25.319 --> 0:01:27.959 flowers and my chocolate and my diamonds and my purls. 0:01:28.160 --> 0:01:30.080 You want it all, I want it all, so you like, 0:01:30.319 --> 0:01:32.560 So when you're in a relationship or even when you're dating, 0:01:32.560 --> 0:01:37.200 like you really expect to be, it's a thing. It's 0:01:37.200 --> 0:01:39.520 a situation. Oh for sure. Even when I was married, 0:01:39.560 --> 0:01:42.080 it was a situation. Oh yeah, you're going to fly. 0:01:42.280 --> 0:01:45.640 I mean, you're going to like what it's called lavish me, 0:01:45.360 --> 0:01:48.200 give me everything. Damn yes. Okay, so do you do 0:01:48.240 --> 0:01:51.440 the same for him? No, Valentine's Day is about the woman. No, 0:01:51.520 --> 0:01:53.400 it's not. That's what That's how I feel. That's how 0:01:53.480 --> 0:01:55.640 yourself feels like a Valentine, like, oh, will you be 0:01:55.720 --> 0:01:57.840 my Valentine? Like you know, in school, first of all, okay, 0:01:58.040 --> 0:02:01.240 did they even do them little stupid cards anymore? But 0:02:01.280 --> 0:02:03.080 they're not like will you be my Valentine? They're like, 0:02:03.320 --> 0:02:10.480 you're really cool, right because because in the end it's like, um, 0:02:10.520 --> 0:02:13.519 here's the list of all the kids in the class 0:02:14.200 --> 0:02:17.920 and no, no, no, no that too, but oh no no, 0:02:17.960 --> 0:02:20.560 it's like don't even think about peanuts. But here's a 0:02:20.639 --> 0:02:22.160 list of all the kids in the class, and you 0:02:22.240 --> 0:02:27.560 must bring one Valentine for everybody, because I remember, and 0:02:27.680 --> 0:02:30.200 which is that's so corny first of all, that you 0:02:30.320 --> 0:02:34.079 no let the kid bring a Valentine for the people 0:02:34.200 --> 0:02:36.880 that they want to bring a Valentine too. I remember 0:02:37.280 --> 0:02:39.400 the excitement when I was in school and it was like, 0:02:39.680 --> 0:02:41.880 who's going to give me something? You know what I mean? Like, 0:02:42.200 --> 0:02:44.960 and it wasn't like you don't expect something from everyone. 0:02:45.440 --> 0:02:48.800 But now it's like everyone has to be trained it fairly, 0:02:48.840 --> 0:02:52.640 in the same and evenly, and everyone has if you're special, 0:02:53.120 --> 0:02:55.840 and if you can't do for all, you can't do 0:02:55.919 --> 0:03:00.239 for any So that's no more at those stupid hard, 0:03:01.000 --> 0:03:07.600 nasty as heart candy. Yes, I do like candy corn, 0:03:08.639 --> 0:03:12.200 I don't like Okay, for the record, our shady moment 0:03:12.520 --> 0:03:15.200 is Robin. It is so shady with Valentine's Day. But 0:03:15.200 --> 0:03:17.120 can I tell you all that like growing up, my 0:03:17.160 --> 0:03:20.519 father always gave me chocolate for Valentine's Day. Ye until 0:03:20.560 --> 0:03:23.119 I even went to college, he failed it to me. 0:03:23.760 --> 0:03:26.840 So that taught me to make sure that the man 0:03:26.919 --> 0:03:30.360 that I'm dealing with in the moment in February needs 0:03:30.360 --> 0:03:34.080 to represent, honey, and if you don't represent, I'm gonna 0:03:34.080 --> 0:03:37.400 break up with you the end. I love it. Okay, 0:03:37.520 --> 0:03:41.680 So I'm reasonable in your shady Okay. Fine. We have 0:03:41.760 --> 0:03:44.560 so much to get into today. This is our financial 0:03:45.240 --> 0:03:48.880 Monday with some very important people. So we're getting into 0:03:48.960 --> 0:03:58.040 it all right. We've got some heavy hitters here today. 0:03:58.040 --> 0:04:01.600 I'm so excited, Robin Tell So we got all right, y'all. 0:04:01.680 --> 0:04:07.120 I am so excited to introduce our guests today. Um, listen, 0:04:07.280 --> 0:04:10.960 these guys have so much information to bring to you. 0:04:10.960 --> 0:04:12.760 You are going to learn so much from them, and 0:04:12.800 --> 0:04:14.560 once you start following them and listening to them, you 0:04:14.600 --> 0:04:18.120 probably already are. Anyway. We are joined today by Troy 0:04:18.200 --> 0:04:22.559 Millings and Rashad Balau of Earn Your Leisure podcasts, giving 0:04:22.600 --> 0:04:25.560 you the behind the scenes financial views into the entertainment 0:04:25.560 --> 0:04:29.520 and sports industries, as well as highlighting backstories of entrepreneurs. 0:04:29.839 --> 0:04:32.840 They also break down business models and examine the latest 0:04:32.880 --> 0:04:36.360 trends in finance. Earn Your Leisure is a college business 0:04:36.400 --> 0:04:39.400 class mixed with pop culture. They blend the two together 0:04:39.600 --> 0:04:43.240 for a unique and exciting look into the world of business. 0:04:43.760 --> 0:04:47.480 They aim to expand the conversation of financial literacy while 0:04:47.640 --> 0:04:51.880 educating as many people as possible. Before launching earn Your 0:04:51.920 --> 0:04:55.479 Leisure in twenty nineteen, Blau and Millings, we're teaching financial 0:04:55.520 --> 0:04:58.599 literacy to public school students in the Bronx, New York. 0:04:58.960 --> 0:05:03.600 While working as an elementary school physical education educator. Millings 0:05:03.640 --> 0:05:07.800 incorporated financial literacy into his lesson plans during summer school classes. 0:05:08.360 --> 0:05:12.040 UM Earnier Leisure has over five million downloads on the podcast. 0:05:12.080 --> 0:05:14.880 They have multiple podcasts that have stemmed from Earnier Leisure. 0:05:15.080 --> 0:05:18.719 They have over one million Instagram followers, over five hundred 0:05:18.760 --> 0:05:22.080 thousand YouTube subscribers, and many, many, many other streams of 0:05:22.160 --> 0:05:24.560 income that I'm gonna let you'all tell tell I'm gonna 0:05:24.640 --> 0:05:27.279 let them tell us about because there's too many for 0:05:27.400 --> 0:05:30.279 me to even name. But they are doing their thing. 0:05:30.839 --> 0:05:34.840 Welcome guys to the podcast. We appreciate you for joining us. Yes, yes, yes, 0:05:34.880 --> 0:05:37.839 now um and also, uh, we forgot to mention that 0:05:37.839 --> 0:05:40.880 they are part of our Black Affect family. These are 0:05:40.880 --> 0:05:43.920 our brothers. These are our brothers in in the space. 0:05:44.120 --> 0:05:47.000 So y'all are very important. First and foremost, are y'all married? 0:05:47.080 --> 0:05:55.080 Y'all single? Like, what's the status here? I'm married? I'll yeah, 0:05:55.120 --> 0:05:58.520 now I'm single, I'm saying, okay, alright, so we have 0:05:58.640 --> 0:06:01.360 some ice breaker questions for you guys, first and foremost, 0:06:01.360 --> 0:06:04.200 all right, now do and the reason why I asked 0:06:04.200 --> 0:06:06.279 if you married a single is when you go to dinner, 0:06:06.920 --> 0:06:14.760 do you make your partner split the bill? Never? No? Never? Never? Okay, 0:06:14.839 --> 0:06:16.920 if you're on if you're on a date and you 0:06:16.960 --> 0:06:19.560 don't really know her that well and she's like new, 0:06:20.080 --> 0:06:22.000 do you make her split the bill? No? I mean 0:06:22.120 --> 0:06:24.200 you know me. I mean Troy too. We were old school. 0:06:24.240 --> 0:06:26.440 So even if it's just like a friend, like if 0:06:26.480 --> 0:06:28.800 it's just a female friend, like we're not even really 0:06:28.920 --> 0:06:30.760 dating and not like somebody's just hanging out with us, 0:06:30.800 --> 0:06:33.039 like women don't pay for anything when they when they're 0:06:33.040 --> 0:06:36.799 around us, like I'm we were out with the ladies 0:06:36.800 --> 0:06:41.680 from reasonable shady. It's on us. That's you know. That's 0:06:41.680 --> 0:06:44.160 good to know because you all are so financially responsible, 0:06:44.320 --> 0:06:47.240 you don't sure if y'all be up in there, like, well, no, 0:06:47.600 --> 0:06:49.680 you know, I paid the other day, so that's your 0:06:49.720 --> 0:06:51.680 turn to pay. And it's not in the budget this 0:06:51.720 --> 0:06:54.480 week because I've left many of dates for that reason. Okay, 0:06:54.760 --> 0:06:56.960 that will not get you date number two. I'm just 0:06:56.960 --> 0:07:00.640 here to say it. So, Okay, So specific beleiver shod 0:07:01.240 --> 0:07:05.919 Is is dating someone who has poor money habits? Is 0:07:05.920 --> 0:07:08.320 that a deal breaker? Like? Are you what happens when 0:07:08.320 --> 0:07:12.280 you see a female or whatever and and their financial 0:07:12.440 --> 0:07:15.120 habits don't really match up to yours? How do you 0:07:15.160 --> 0:07:18.120 feel about that? No, I'm not really on it like that. 0:07:18.240 --> 0:07:20.560 I don't really look at somebody's like credit score, like 0:07:20.640 --> 0:07:24.240 you know, with the with their bank balances. Um, you know, 0:07:24.280 --> 0:07:26.480 for me, it's more so like the vibe of the 0:07:26.600 --> 0:07:28.680 person have fun, if they're a good person or not. 0:07:29.400 --> 0:07:31.800 How I look at it. Fortunately, I'm not really dependent 0:07:31.840 --> 0:07:35.800 on somebody for finances, so it doesn't really matter to 0:07:35.840 --> 0:07:40.240 me what their financial situation is. Um. Of course it's 0:07:40.240 --> 0:07:42.760 always beneficially if they have a good financial situation. But 0:07:43.360 --> 0:07:45.560 it's not a deal breaker for me because I honestly 0:07:45.560 --> 0:07:49.080 don't even really think about it too much. But if 0:07:49.120 --> 0:07:50.960 you were thinking, like, okay, if you're getting close to 0:07:51.000 --> 0:07:54.800 someone you're like thinking about marriage, is that important in 0:07:54.840 --> 0:07:59.200 a mate a potential spouse that they are financially responsible? 0:08:00.120 --> 0:08:02.760 Like that's something that you can like teach them about. Okay, 0:08:02.800 --> 0:08:04.680 I feel like, you can definitely educate people. That's what 0:08:04.720 --> 0:08:06.640 we do for a living, is educate people. So I 0:08:06.640 --> 0:08:09.440 feel like our relationship is meant to be a form 0:08:09.480 --> 0:08:12.960 of education. Like a woman should educate her man, a 0:08:13.000 --> 0:08:15.800 man should educate his woman, and you should learn together. 0:08:15.880 --> 0:08:18.880 So you know, if my strong point is financing and investing, 0:08:19.280 --> 0:08:21.920 then the woman that i'm what doesn't necessarily have to 0:08:22.080 --> 0:08:24.760 be strong in that area. But that's my responsibility to 0:08:24.920 --> 0:08:27.280 educate her and to you know, show her different things, 0:08:27.280 --> 0:08:29.000 and you know, hopefully she'll be able to you know, 0:08:29.440 --> 0:08:31.640 get it. Um. So yeah, it's not something that I 0:08:31.920 --> 0:08:35.440 really put too much UM attention on as long as 0:08:35.440 --> 0:08:37.000 you're not like, you know, go and do something that's 0:08:37.000 --> 0:08:42.360 just totally you know, dangerous, like to the situation and school. Okay, 0:08:42.400 --> 0:08:45.000 I love that. Now you guys, um are all over 0:08:45.000 --> 0:08:48.400 the place, y'all on Today Show, y'all getting ridden, Good 0:08:48.679 --> 0:08:51.520 y'all on Good Morning America, getting ridded up, written up 0:08:51.520 --> 0:08:54.400 in the Wall Street journals and whatnot. How did you 0:08:54.440 --> 0:08:56.680 all get together? How did earn your leisure? Get together? 0:08:57.080 --> 0:08:58.720 It seems like you're all are really good friends and 0:08:58.720 --> 0:09:01.760 you got y'all have a million their different entities, businesses. 0:09:01.920 --> 0:09:04.679 So tell us how how this started with the two 0:09:04.679 --> 0:09:06.839 of you guys with yourldhood friends. UM. So I met 0:09:06.920 --> 0:09:10.400 him when I was like twelve years old. Thirteen years old. Uh, 0:09:10.480 --> 0:09:12.320 he's two years younger than me. So we were We 0:09:12.320 --> 0:09:13.599 went to the same high school, grew up in the 0:09:13.640 --> 0:09:17.360 same neighborhood. UM went to the same community centers, our friends, 0:09:17.600 --> 0:09:20.880 our family, our friends, so we all grew up together. UM. 0:09:21.040 --> 0:09:24.040 He went into a career of athletics. UM. And then 0:09:24.040 --> 0:09:26.880 when he left school, UH, chose a career in finance. 0:09:26.920 --> 0:09:29.680 And I was in school and I went to education 0:09:29.720 --> 0:09:31.199 and he always he always used to joke on me 0:09:31.240 --> 0:09:32.839 about that. He's like, yo, man, we went to school 0:09:32.840 --> 0:09:34.839 our whole lives. How you go back? Like what's wrong 0:09:34.880 --> 0:09:39.280 with you? Um? And so we were starting our careers 0:09:39.280 --> 0:09:40.679 at the same time. I was teaching. He was doing 0:09:40.720 --> 0:09:43.640 the financial financial advising and UM I had the summer 0:09:43.679 --> 0:09:46.680 program while I was interviewing kids to see about what 0:09:46.679 --> 0:09:48.600 they wanted to do in the future. And I would 0:09:48.640 --> 0:09:50.360 go out in the community and try to match them 0:09:50.360 --> 0:09:54.320 with a prospect of like an internship, and UM, based 0:09:54.360 --> 0:09:56.560 on how they performed at the internship, I was going 0:09:56.600 --> 0:09:58.160 to pay him at the end of the program. And 0:09:58.200 --> 0:10:00.600 so it was the first time that these young teens, 0:10:00.679 --> 0:10:02.400 right they were like fourteen years old. They had aged 0:10:02.400 --> 0:10:03.959 out of the camp experience, but they were too young 0:10:04.040 --> 0:10:05.679 to work. But the first time they were going to 0:10:05.720 --> 0:10:08.440 come in contact with money, and UM knowing that, I said, 0:10:08.640 --> 0:10:11.319 they need to learn about money. I said, we need 0:10:11.360 --> 0:10:13.120 to create something for them to learn about the money 0:10:13.120 --> 0:10:14.160 and what you can do with it, how you can 0:10:14.160 --> 0:10:15.280 save it, how you can share it, how you can 0:10:15.280 --> 0:10:17.520 invest it. And so financial literacy was one of those 0:10:17.559 --> 0:10:19.320 things like I was working in a city like that 0:10:19.360 --> 0:10:21.440 wasn't something that's talked about in schools, and I knew it, 0:10:21.520 --> 0:10:24.679 like I was great in state tests, like I've given tests. 0:10:24.679 --> 0:10:26.920 I know, like these things are not being spoken about. 0:10:26.920 --> 0:10:28.960 And I was like, this is an opportunity to create 0:10:29.000 --> 0:10:31.439 something that's gonna last for a lifetime. And so that's 0:10:31.440 --> 0:10:33.840 why we kind of like started in the space of 0:10:33.840 --> 0:10:36.480 financial literacy. He was doing UM social media time. I 0:10:36.520 --> 0:10:39.080 let him speak about it, and UM decided why we 0:10:39.080 --> 0:10:42.160 were teaching, let's record what we're doing, because you know, 0:10:42.200 --> 0:10:44.600 we could probably use this as an asset in the future. 0:10:44.920 --> 0:10:46.520 And he had to. He had the foresight to see 0:10:46.520 --> 0:10:49.920 it and um it got us here. Okay, I love that. 0:10:49.960 --> 0:10:53.080 And you guys have this podcast has been rocking for 0:10:53.400 --> 0:10:58.400 how long? Three years? Three years? Okay, very nice. Three years. 0:10:58.679 --> 0:11:01.480 And you all now have other podcasts that have kind 0:11:01.520 --> 0:11:05.800 of like spinoffs of Earnier Leisure. You also have multiple 0:11:05.840 --> 0:11:09.839 Screens of Income that have spun off from Earnier Leisure. 0:11:09.880 --> 0:11:13.640 Tell us all about everything y'all have going on. Just 0:11:13.720 --> 0:11:16.400 run it down, Run it down. Yeah, I mean, we 0:11:16.520 --> 0:11:21.400 have a podcast network, so that is you know, we developed, 0:11:21.480 --> 0:11:23.800 you know, a niche in the podcast space with the finance, 0:11:24.280 --> 0:11:26.680 and you know, we kind of got good at promoting 0:11:26.720 --> 0:11:28.559 it on social media things for things of that nature. 0:11:28.600 --> 0:11:30.800 So it made sense for us to kind of help 0:11:30.840 --> 0:11:33.280 other people produce their show. So now we have a 0:11:33.320 --> 0:11:35.720 podcast network, E y O network. So we have Market 0:11:35.760 --> 0:11:40.240 Mondays that's like a huge, huge success. That's a stock show. Um, 0:11:40.280 --> 0:11:42.319 that's every Monday. Then we have Rants and Gym's which 0:11:42.360 --> 0:11:44.679 is a real estate podcast, and we have In a Wealth, 0:11:44.960 --> 0:11:48.040 which is an entrepreneurship podcast. No in a Wealth, which 0:11:48.040 --> 0:11:50.640 is a mental health podcast, Inside the Vault which is 0:11:50.679 --> 0:11:54.600 an entrepreneurship podcast, and then we also have Dream Nation, 0:11:54.640 --> 0:11:57.360 which is another business podcast. So that's what's under the 0:11:57.440 --> 0:11:59.920 umbrella of E y O Network, and then it's fall 0:12:00.000 --> 0:12:02.600 as the different businesses that we have. So, you know, 0:12:02.960 --> 0:12:04.920 one of the good things about doing our show is 0:12:04.960 --> 0:12:07.240 that it's a learning experience, not just for the audience 0:12:07.240 --> 0:12:10.400 before ourselves. So every time we interview our entrepreneur, it 0:12:10.400 --> 0:12:12.760 gives us some insight into what they have going on 0:12:12.880 --> 0:12:16.079 and allows us to actually brainstorm or if we want 0:12:16.080 --> 0:12:19.000 to start businesses in that type of area. So one 0:12:19.080 --> 0:12:21.720 of the things that we actually did was purchase a truck, 0:12:21.800 --> 0:12:24.160 like an eighteen wheeler, So that was a big that 0:12:24.240 --> 0:12:26.480 was a big episode for us. So we have a 0:12:26.480 --> 0:12:29.840 truck on the road, so that's a that's a revenue 0:12:29.840 --> 0:12:34.240 stream logistics. Then we have um vending machines. Yeah saw 0:12:34.320 --> 0:12:37.439 today I'll posted about Vendom machines. Yeah, Vendom machines. That's 0:12:37.440 --> 0:12:40.080 in our old high school. So that was cool. That's 0:12:40.120 --> 0:12:43.520 something that we got from our episode. Uh. Merch is 0:12:43.520 --> 0:12:45.600 something that we didn't necessarily get from an episode, but 0:12:45.720 --> 0:12:49.319 that's become like his own stream within itself as far 0:12:49.360 --> 0:12:51.880 as like a business spin off. And then the live 0:12:51.920 --> 0:12:55.640 events space is something that's really really big for us. So, um, 0:12:55.679 --> 0:12:57.720 you know, we had a festival last year called invest Fest, 0:12:57.720 --> 0:13:00.120 which was four thousand people in that I'm looking to 0:13:00.160 --> 0:13:02.600 scale that up even even bigger this year. And then 0:13:02.720 --> 0:13:05.840 well we did so the Apollo. We got a show 0:13:05.840 --> 0:13:11.760 in Houston coming up. Okay, Okay, it's just too much. Okay, 0:13:11.800 --> 0:13:14.840 now listen. I want to ask about stocks, Okay, because 0:13:14.880 --> 0:13:16.400 I was told like a very long time ago, and 0:13:16.440 --> 0:13:19.120 I have I have my own little portfolio with stocks. 0:13:19.160 --> 0:13:24.600 But what I was told was buy stocks that you 0:13:24.640 --> 0:13:26.760 have something to do with, like that have that are 0:13:27.120 --> 0:13:29.400 that you use right, that you use for instance, like 0:13:29.840 --> 0:13:33.680 Lulu Limon. Like of my athletic wear is Lulu Limit. 0:13:33.760 --> 0:13:35.600 So I have like the Lulu limit stock Apple stock 0:13:35.640 --> 0:13:37.560 because I got a phone, I got my stuff. So 0:13:37.720 --> 0:13:41.160 is that true? Like is that how you should handle 0:13:41.520 --> 0:13:44.680 purchasing stocks? Yeah? I think so for anybody that's beginning 0:13:44.679 --> 0:13:47.640 in the in the investment stage of of in stocks, 0:13:48.400 --> 0:13:51.400 you want to go from consumer to investor, right, and 0:13:51.440 --> 0:13:53.840 so you're already you are already a consumer. You bought 0:13:53.880 --> 0:13:56.240 all those products on the consumer side, but now you're 0:13:56.280 --> 0:13:58.280 on the ownership side. And so if you're already pouring 0:13:58.280 --> 0:14:00.600 money into a company and there's mill ends of people 0:14:00.720 --> 0:14:02.640 doing the same thing as you. Why not reap the 0:14:02.679 --> 0:14:06.000 benefits of your investment? Right, So, like I'm giving money 0:14:06.000 --> 0:14:08.400 to Apple every time my iPhone comes out, or every 0:14:08.440 --> 0:14:10.920 time a Matt book comes out of Lululemon puts out 0:14:10.920 --> 0:14:13.000 a new line, I'm always investing. I'm consuming it and 0:14:13.000 --> 0:14:15.720 I'm consuming it. Why not also have investment in it 0:14:15.720 --> 0:14:18.120 as well? So now your money is actually going towards 0:14:18.120 --> 0:14:21.760 your ownership. Okay, And then I was also told like 0:14:21.880 --> 0:14:23.760 just to leave it there, like, don't fool with it, 0:14:23.800 --> 0:14:27.840 just let it go. Yeah, But buying a hole, that's like, 0:14:27.880 --> 0:14:31.840 you know, the number one strategy for for investing, whether 0:14:31.840 --> 0:14:34.160 it's real estate stocks, don't you want to just buy 0:14:34.200 --> 0:14:36.360 a hole for a long period of time. If you 0:14:36.400 --> 0:14:39.040 have a good company like Apple or Microsoft, just buy 0:14:39.080 --> 0:14:41.440 and just hold it for as long. If something changes 0:14:41.800 --> 0:14:43.840 and you know you have to sell for whatever reason, 0:14:44.120 --> 0:14:45.360 then you know you can sell. But a lot of 0:14:45.360 --> 0:14:47.240 time people go into things and they sell too early, 0:14:47.520 --> 0:14:49.040 just like real estate, like you know, you might have 0:14:49.080 --> 0:14:54.240 had a Brownstone and where you guys from Maryland part 0:14:54.480 --> 0:14:58.520 PG County. No, oh, I'm sorry I said that too. 0:14:58.560 --> 0:15:00.640 I said it too loud, I said it told. I'm sorry. 0:15:00.680 --> 0:15:04.120 I'm from born and raised in Baltimore. I'm from like 0:15:04.160 --> 0:15:08.800 the DC area, which is p PG County No, no, no, 0:15:09.200 --> 0:15:18.320 Ptolemaic Montgomery County, Montgomery, Montgomery County. Okay, yeah, okay, full disclaimer. 0:15:18.320 --> 0:15:25.400 There's nothing wrong with the PG, nothing wrong with But 0:15:25.920 --> 0:15:27.480 I was about to give a real estate reference to 0:15:27.520 --> 0:15:29.360 New York. But I figure I'll do something like to marry. 0:15:29.360 --> 0:15:31.000 I used to actually go to school in Maryland, so 0:15:31.000 --> 0:15:37.240 I used to live in Maryland. But like, where'd you go? NBC? Okay, Um, 0:15:37.280 --> 0:15:40.800 I know you're a President's Dr REBELLI oh yeah, yea yeah, 0:15:40.920 --> 0:15:42.600 great man, and a bunch of my friends went to 0:15:42.600 --> 0:15:45.040 you and be a good guy. Um, so like take 0:15:45.120 --> 0:15:47.480 like the area there, John Hopkins, right, Like you know, 0:15:47.600 --> 0:15:50.280 it is getting gentified and real estate is going up. 0:15:50.320 --> 0:15:53.880 So it's like you could have had a property there, 0:15:53.960 --> 0:15:56.640 let's say ten years ago, and let's say you got 0:15:56.640 --> 0:15:58.880 it for fifty allars and you sold it for seventy 0:15:58.920 --> 0:16:02.320 five thousand, Like that's a twenty five tho allar profit. 0:16:02.360 --> 0:16:03.840 Most people be like, all right, that's a good deal. 0:16:03.920 --> 0:16:06.440 But what if that same property is worth eight hundred 0:16:06.520 --> 0:16:08.600 thousand dollars now right, like you would be kicking yourself, 0:16:08.600 --> 0:16:10.920 like I should have just held it instead of just 0:16:10.960 --> 0:16:12.880 trying to get like a twenty five thousand all profit. 0:16:12.880 --> 0:16:14.680 I could have got hundreds of thousand dollars of profit 0:16:14.720 --> 0:16:16.280 and then twenty years from now it might be worth 0:16:16.520 --> 0:16:19.680 three million dollars. So that's all over the country. So 0:16:19.880 --> 0:16:22.320 like people can understand that we're real estate because they 0:16:22.320 --> 0:16:25.240 see areas getting gentified, and they see real estate that 0:16:25.360 --> 0:16:28.240 was once worthless now million dollar properties. You see that 0:16:28.320 --> 0:16:30.720 in Chicago, you see that in New York, you see 0:16:30.720 --> 0:16:32.560 that in d c l A all over. So the 0:16:32.600 --> 0:16:34.720 same thing with stocks. A lot of times people are 0:16:34.760 --> 0:16:37.000 just happy with like short term gains, like okay, I 0:16:37.080 --> 0:16:39.200 doubled it, It's time to get out. But if it's 0:16:39.240 --> 0:16:41.760 a good quality company, you want to hold it for 0:16:41.800 --> 0:16:43.480 as long as possible because you could have like a 0:16:43.480 --> 0:16:45.480 thousand percent rate of return if you hold it for 0:16:45.600 --> 0:16:49.520 ten twenty years. Right, but give it. But right now, 0:16:50.080 --> 0:16:52.600 like the market, the stock market is going crazy, the 0:16:52.640 --> 0:16:55.160 crypto market is going crazy. I feel like people are 0:16:55.200 --> 0:16:59.160 panicking because I mean I do like little small trading 0:16:59.200 --> 0:17:02.240 on like each aid and stuff, like that, Like, or 0:17:02.280 --> 0:17:05.280 I have a coin based account, Like, how do you 0:17:06.040 --> 0:17:08.680 if you're someone that kind of just enjoys to see 0:17:08.960 --> 0:17:12.399 you know your gains? Um, how do you stay disciplined? 0:17:12.560 --> 0:17:14.840 Or should you just pull out and then get back in? 0:17:14.920 --> 0:17:16.720 Like I don't. I'm just so all over the place 0:17:16.800 --> 0:17:20.240 and there's so many conflicting reports and people say different things, 0:17:20.280 --> 0:17:22.439 and it's like people are panicking. I just don't know 0:17:22.520 --> 0:17:24.040 what to do at this point. Yeah, number one thing 0:17:24.040 --> 0:17:26.320 is don't panic, right, So, like we we always stressed 0:17:26.320 --> 0:17:28.479 the people. Never into a position unless you know your 0:17:28.480 --> 0:17:30.760 exit strategy, and so that might be a percentage, that 0:17:30.840 --> 0:17:33.560 might be a dollar amount. Wait a minute, wait, unless 0:17:33.560 --> 0:17:35.640 you know your exit strategy. That's like a dating rule, 0:17:35.720 --> 0:17:37.720 one on one. Unless you know how you're getting out 0:17:37.720 --> 0:17:40.040 of this thing, don't get in it. Okay, I'm sorry, 0:17:40.080 --> 0:17:42.320 go ahead, go ahead. Yeah. But like so that's the thing, 0:17:42.359 --> 0:17:45.280 Like you want to you want to get into a 0:17:45.320 --> 0:17:47.800 position in a company that makes sense for you, right, So, 0:17:47.840 --> 0:17:49.399 like when people see you right in the market, they 0:17:49.600 --> 0:17:52.479 automatically think fair. But if you're a new investor, if 0:17:52.480 --> 0:17:54.440 you're seasoned investor, you know that there's an opportunity for 0:17:54.680 --> 0:17:56.480 me to add to the positions I already have, or 0:17:56.640 --> 0:17:58.840 into a position that I always wanted to write. So 0:17:58.880 --> 0:18:01.359 if you look like a company like Apple in two thousand, 0:18:01.440 --> 0:18:03.800 they only had the iPod, right, But if you would 0:18:03.800 --> 0:18:06.320 have brought a thousand dollars in the past twenty two years, 0:18:06.359 --> 0:18:09.719 it's going up ten. Right. So you might have right 0:18:09.760 --> 0:18:11.159 when the market crash of two thousand and there, you 0:18:11.240 --> 0:18:12.840 might have been like, oh my gosh, like me and 0:18:12.920 --> 0:18:15.239 sold it right, or you could just been like, all right, 0:18:15.320 --> 0:18:17.320 well it went down, let me grab some more, and 0:18:17.359 --> 0:18:19.399 now you're just adding to the games that you have 0:18:19.520 --> 0:18:22.840 long term. So that's alwalways stressed UM buying and holding. 0:18:22.880 --> 0:18:24.480 And if there's a pull back like there is like 0:18:24.520 --> 0:18:27.040 a correction, which just means that the market or the 0:18:27.040 --> 0:18:31.600 actual sector itself has pulled back anywhere between six, there's 0:18:31.600 --> 0:18:35.440 always an opportunity to game more of ownership in that company. 0:18:35.480 --> 0:18:38.399 So never look at as a negative unless you're in 0:18:38.400 --> 0:18:41.760 a company that isn't strong UM and it's it's kind 0:18:41.760 --> 0:18:44.199 of like the balance sheets are all off, and you 0:18:44.240 --> 0:18:46.199 know they don't have a long history like companies like 0:18:46.240 --> 0:18:50.840 Microsoft Apple they've been around for forty years. Strong company 0:18:50.880 --> 0:18:52.720 acts like there's there's a plenty of companies that are 0:18:52.720 --> 0:18:55.240 out there that have been around and have been profitable 0:18:55.240 --> 0:19:04.160 for a long time. Sick with those Before we get 0:19:04.200 --> 0:19:07.240 into the weeds. Let's get into the flowers. Okay, So 0:19:08.280 --> 0:19:13.400 give me a fourth grade answer for this crypto bitcoin, 0:19:13.880 --> 0:19:15.960 Should we get in? Should we get should we not? 0:19:16.440 --> 0:19:18.320 I'm a I'm an old school girl. I'm all about 0:19:18.320 --> 0:19:22.159 the almighty dollar. Like, I don't know what to do. 0:19:22.560 --> 0:19:26.000 I don't know what's important. You know, two months ago 0:19:26.040 --> 0:19:28.800 everybody was like bitcoin bitcoin, Now it's all crypto crypto, 0:19:28.920 --> 0:19:36.000 like is crypto? Don't know? But also add you know 0:19:36.040 --> 0:19:37.600 what I want you to add like n f T 0:19:37.760 --> 0:19:40.199 s in the metaverse. Yeah, that's the stuff where I'm like, 0:19:40.280 --> 0:19:42.760 don't know that either. That's that's the way because someone 0:19:43.080 --> 0:19:46.640 asked me to do something and staid, um, oh, i'll 0:19:46.640 --> 0:19:49.080 pay you something, give you give you an n f T. 0:19:49.240 --> 0:19:50.800 I don't know what that also, I don't know. No 0:19:50.880 --> 0:19:53.879 pay me in dollars. Okay, So so don't give us 0:19:53.880 --> 0:19:56.879 big words, y'all. Just walk us through like we're second grades. 0:19:56.960 --> 0:19:59.399 Which one which one you want? First? N f conversation 0:19:59.600 --> 0:20:03.639 or the crypto conversation You've come to the right place 0:20:04.000 --> 0:20:07.359 you want to talk, all right, So I mean cryptocurrency. 0:20:07.440 --> 0:20:09.800 The word I always say the word currency is a 0:20:09.800 --> 0:20:13.720 little misleading when're talking about cryptocurrency because most of it 0:20:13.800 --> 0:20:16.160 is not really treated as a currency, like a currency 0:20:16.240 --> 0:20:19.160 usually has to be stable, whereas like if I give 0:20:19.200 --> 0:20:21.199 you a dollar today, it's still gonna be worth a 0:20:21.240 --> 0:20:23.920 dollar tomorrow. Right, That's how I can That's how I 0:20:23.960 --> 0:20:26.480