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Speaker 1: Coach, the energy out there felt different. What changed for

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Speaker 1: the team today?

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Speaker 2: It was the new game day scratches from the California

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Speaker 2: Lottery players.

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Speaker 3: Everything.

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Speaker 2: Those games sent the team's energy through the roof.

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Speaker 1: Are you saying it was the off field play that

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Speaker 1: made the difference on the field.

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Speaker 2: Hey, little play makes your day, and today it made

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Speaker 2: the game. That's all for now, coach, one more question.

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Speaker 4: Play the new Los Angeles Chargers, San Francisco forty nine

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Speaker 4: ers and Los Angeles Rams scratchers from the California Lottery.

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Speaker 4: A little play can make your day. Peace made responsibly.

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Speaker 4: Must be eighteen years or older to purchase late or claim.

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Speaker 5: All Right, guys, welcome back Earnie a Lisia episode fifteen

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Speaker 5: weeks two. That's my favorite number.

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Speaker 3: Yeah, that's the trust free will.

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Speaker 5: Yeah, we need to play for Golden State.

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Speaker 3: That was your guy. Yeah that's a fact.

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Speaker 5: That's a fact. So yes, you know. Once again, thank

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Speaker 5: you guys for rocking with us. We appreciate you know,

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Speaker 5: thank you for your support, all your encouraging words.

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Speaker 3: DM.

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Speaker 5: So today is a very very very special episode because

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Speaker 5: everybody's been asking us to cover stocks.

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Speaker 6: Can we what do we do? Can you teach us

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Speaker 6: about it what should we invest in?

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Speaker 5: Yeah, everybody's been asking us to cover stocks. So you know,

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Speaker 5: real estate is real trendy right now. Everybody on Instagram

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Speaker 5: and all over social media and YouTube, everybody's real estate investor.

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Speaker 5: And it's cool, it's encouraging because you know, we need

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Speaker 5: to invest in real estate. But nobody's really talking about

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Speaker 5: stocks really, right, And that's one of the ways where

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Speaker 5: most of the wealth in this country has been generated

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Speaker 5: for generations in the stock market, right, ownership of companies.

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Speaker 5: So we want to educate you guys on every area

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Speaker 5: of finance and provide information so hopefully you know you

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Speaker 5: can take that and make some money with it.

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Speaker 3: Right.

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Speaker 5: So so today we have an expert in the field

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Speaker 5: and stock market field, friend of ours, friend of ours.

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Speaker 5: So I'll give a quick backstory, right, So Quainn Martin,

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Speaker 5: we started off rivals something like playing basketball, playing basketball,

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Speaker 5: a cross crosstown rivals and you know, like myself, he

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Speaker 5: went on to play Division one basketball and had a

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Speaker 5: great career in college and he went to finance after college.

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Speaker 5: He'll tell his own story. But you know, I always

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Speaker 5: see Q all the time I was from Q. I

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Speaker 5: see him all the time in the gym or health

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Speaker 5: the end met and he always like, all this story,

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Speaker 5: you didn't you didn't say it right, or you need

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Speaker 5: to need to add some more to it, so you know,

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Speaker 5: it's still soft and still so he's real knowledgeable. When

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Speaker 5: I see him in the gym, he tells me these

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Speaker 5: stories about all of these companies. I'm like, how do

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Speaker 5: you notice stuff like this? Stuff that I don't even

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Speaker 5: know when I'm in finance. So I'm like, we got

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Speaker 5: to get you on the podcast to tell this to

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Speaker 5: the people. So we did that. He's got him on

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Speaker 5: the podcast. So yes, he's he's an expert in the field.

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Speaker 5: No Series seven for anybody who's not familiar that allows

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Speaker 5: you to sell securities. He's very knowledgeable about stock market

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Speaker 5: worked for a lot of the top companies in Wall Street.

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Speaker 5: So so yeah, man, thanks for coming.

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Speaker 3: Thank you, thank you guys for having me. Man, it's

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Speaker 3: a pleasure.

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Speaker 5: Yeah. Yeah, can you just tell you telling people your

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Speaker 5: story because you was telling us off off here a

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Speaker 5: little bit about how you got into you know, finance

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Speaker 5: and or Wall Street and all that, and it's actually encouraging.

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Speaker 5: So can you just.

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Speaker 3: Yeah, I have a bit of a I want to

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Speaker 3: say movie script way I was, I want to say,

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Speaker 3: in high school the career c student, not because I

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Speaker 3: wasn't intelligent, but because basketball is kind of a crutch

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Speaker 3: for me. Like I was really really good at basketball.

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Speaker 3: So it was like, all right, I'm going to the league, right,

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Speaker 3: Like you think to yourself, I'm all stayum averaging twenty

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Speaker 3: and you're going to do these things and you're gonna

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Speaker 3: go to the league being next to Lebron And that's

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Speaker 3: not the reality for most kids, but your dream big.

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Speaker 3: When I got to college, I spoke with my advisor

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Speaker 3: about twenty minutes or so, and she hadn't looked at

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Speaker 3: my profile yet. We just were just having a general

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Speaker 3: convo and she then looks down after twenty minutes and goes,

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Speaker 3: you got a lot more intelligent than your grades would

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Speaker 3: lead me to believe. And the wonderful thing about college

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Speaker 3: is that it starts back at zero. And for me,

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Speaker 3: that reset things and I took school a lot more

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Speaker 3: serious than I did in high school. When I was

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Speaker 3: in college, and that opened some doors. Being a captain

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Speaker 3: of the team, I was able to go to some

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Speaker 3: dinners to represent the team, and being there I would

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Speaker 3: meet people and they would get me business cards from

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Speaker 3: different aspects, right, architecture and accounting and law, And through

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Speaker 3: all of that, I ended up going to a couple

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Speaker 3: of different scholarship dinners and a gentleman who worked on

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Speaker 3: Wall Street with ex that's what a player goes, Hey,

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Speaker 3: you remind me of myself at your age. But I

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Speaker 3: don't know how bad you you want it, and I

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Speaker 3: don't really know what you want to do. But are

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Speaker 3: you interested in finance? It's very similar to sports. And

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Speaker 3: I go, yeah, it's cool. You know, I'm twenty one,

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Speaker 3: sounds good looking, dressed nice, and I was a marketing major.

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Speaker 3: I was a business major, you know, so financearching on

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Speaker 3: my radar as a whole, but business and everything else

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Speaker 3: was so it kind of stuff together. He said, listen,

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Speaker 3: I want you to call me every day for a

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Speaker 3: month at five in the morning, not five oh one,

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Speaker 3: not four fifty nine five on the dot. So I

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Speaker 3: called him every day for a month at five in

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Speaker 3: the morning, and I got down on the Wall Street

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Speaker 3: and I got an internship, and I was able to

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Speaker 3: work and really get a feel for the industry and

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Speaker 3: the business and fell in love with it. And it's

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Speaker 3: very similar to Will Smith puit of happiness because at

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Speaker 3: that time, this is rec real stuff. At that time,

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Speaker 3: I had one suit, I had a Sean John shirt

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Speaker 3: with the French cuffs. I didn't know how to tie tie,

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Speaker 3: and I didn't have a shave up. Looked like you're

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Speaker 3: having this. I didn't belong. But my basketball competitiveness did

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Speaker 3: not allow me to quit or not worked my potential

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Speaker 3: and that opened a lot of doors and kind of

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Speaker 3: led me to where I am here today and it's

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Speaker 3: been a blessing.

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Speaker 5: No, that's that's a dope story because when you said

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Speaker 5: you had to call every day for five o'clock in

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Speaker 5: the morning, first of all, I'm not even up the

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Speaker 5: five o'clock nine people. But you know, that just shows

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Speaker 5: And I'm pretty sure that the reason why that gentleman

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Speaker 5: told you to do that is, you know, people just

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Speaker 5: test you sometimes, right and they see like, okay, how

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Speaker 5: serious are you want it? And people always say like

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Speaker 5: I want to do that. It's like when Derek, we

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Speaker 5: had Derek episode eleven, that was a great episodef They

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Speaker 5: might an't check it out, but he pretty much said

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Speaker 5: that people want to get rich with contingencies. They don't

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Speaker 5: really want to put the work in. Right, it sounds

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Speaker 5: good to start a business or to be successful, but

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Speaker 5: they're lazy. They don't want to they don't want to

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Speaker 5: put the work in.

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Speaker 6: That's what I was telling I was telling C, like,

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Speaker 6: this is the premise for earn your leisure, Like all

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Speaker 6: the hard work that you've put in, those things that

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Speaker 6: they've tested you to do, that sweat equity that no

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Speaker 6: one sees, right, they just see the end result.

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Speaker 3: But you've earned what you've done, you know what I mean.

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Speaker 3: So that's dope.

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Speaker 5: You gotta work, you gotta work. So all right, So

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Speaker 5: Earner LIS is kind of like the college course every week.

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Speaker 5: So this week is gonna be about stocks, and we're

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Speaker 5: gonna break it into three segments and we're gonna do

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Speaker 5: like a beginner's one on one. Then we're gonna do

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Speaker 5: more advanced, and then we'll just take it to the

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Speaker 5: next level on the third chapter. So I'll start the

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Speaker 5: conversation if we're talking about stocks. This is how I

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Speaker 5: kind of explain stocks when I teach it to my students.

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Speaker 5: That it's kind of like a giant pizza pot, right,

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Speaker 5: with like a million different slices, and then each slice

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Speaker 5: represents a share of a company, right. And then if

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Speaker 5: you buy one slice of Nike, now you're part owner

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Speaker 5: of Nike.

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Speaker 3: Right.

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Speaker 5: And then obviously the more slices that you buy in

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Speaker 5: the pie, you have a larger ownership of that pie.

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Speaker 3: Right.

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Speaker 5: But all publicly traded companies, that's on you know, the

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Speaker 5: stock market, anybody can become an owner, and by buying ownership,

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Speaker 5: whether it's in Snapchat or Facebook or Google, now you're

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Speaker 5: a part owner of that company. And if the company

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Speaker 5: does well, then the stock price goes up. If it

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Speaker 5: doesn't do well, stock price goes down. And that's kind

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Speaker 5: of like a real easy way to understand it. But

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Speaker 5: I think that's kind of my take on it.

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Speaker 3: I think that's like the baseline premise of it, like right,

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Speaker 3: like it's we want to own shares, like we know

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Speaker 3: what shares are, then we want to delve into Okay,

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Speaker 3: what are we owning? Why are we owning? Right? We

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Speaker 3: got the how? Right? We can go to different places

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Speaker 3: be an e trade and share a builder and schwab.

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Speaker 5: And can we just talk about that because a lot

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Speaker 5: people might not know. I'm glad you brought that up

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Speaker 5: because I get that question sometimes too, Like how do

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Speaker 5: you buy stock. So it's relatively easy to do now, right,

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Speaker 5: Like they have apps like Robinhood, like you said, Scotch Trade,

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Speaker 5: e Trade, stuff like that. We can just go online

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Speaker 5: and create a using ain't password and you know, the

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Speaker 5: link it to your bank account and you can just

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Speaker 5: buy stock. That part is relatively easy to do. But

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Speaker 5: the next part is what people stumble because the thing

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Speaker 5: that I think people have problems with stock is that, Okay,

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Speaker 5: they know how to do it, but what stock do

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Speaker 5: I buy? Right? It's kind of like just throwing darts

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Speaker 5: at the board blind. So what you end up just

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Speaker 5: randomly picking Netflix hoping it goes up right. So, like

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Speaker 5: you you have something interested in, you said to us,

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Speaker 5: as far as like when looking at stock, it's good

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Speaker 5: to know, like what you're interested in? Can you just

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Speaker 5: talk about that?

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Speaker 3: I think the biggest thing for me to help me

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Speaker 3: learn was picking areas of interest because the knowledge sticks. Right.

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Speaker 3: We all had classes in school that we didn't like,

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Speaker 3: Like we didn't like I like earth science and I

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Speaker 3: really like science. Like it didn't stick even though like

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Speaker 3: you know, you pass the class, get a bad or whatever,

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Speaker 3: you ain't get in the class, right, but the information

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Speaker 3: didn't stick. With me because it wasn't an interesting topic

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Speaker 3: and you said to get yeah, you kind of want

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Speaker 3: to get through it in this forum, right. I want

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Speaker 3: to pick something that I'm interested in because when I

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Speaker 3: read it, I'm going to retain it. I'm gonna hold

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Speaker 3: on to it. I'm gonna build on top of it.

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Speaker 3: So you're kind of an architect, right, I say. My

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Speaker 3: model for myself every day is that I'm the architect

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Speaker 3: of my legacy, right, and every day I'm putting a

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Speaker 3: brick down from my legacy because you don't get to

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Speaker 3: tell people to say you're not here. So the same

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Speaker 3: thing goes forward every other place of life, where it's like,

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Speaker 3: all right, I'm the architect of my portfolio. I'm the

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Speaker 3: architect of my knowledge base. I'm the architect of whatever

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Speaker 3: is I'm doing. I'm building and it's never gonna be finished. Right,

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Speaker 3: It's like a skyscraper. You're just gonna keep on building

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Speaker 3: on top of building. Your interest is what's gonna lead

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Speaker 3: you to adding more bricks. Because if you're interested in tech,

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Speaker 3: well somehow you'll probably end up in media, right, And

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Speaker 3: if you're interested in that, you might end up in

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Speaker 3: telecom and all so on, and so forth right, and

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Speaker 3: all of a sudden, you have this wide knowledge base

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Speaker 3: because you started here, but your interests help you build

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Speaker 3: more bricks to kind of build your mental skyscraper, if

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Speaker 3: that makes sense. So I always said it start there

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Speaker 3: because you want to own this actual stuff, right, Facebook, Amazon, Netflix, Google,

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Speaker 3: We want the sexy names. It'll go to your friends

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Speaker 3: and say, hey, yeah, you know I owned Facebook, right

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Speaker 3: and sexy everybody wants to own that. But the most

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Speaker 3: important thing is starting off with interest so that you

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Speaker 3: can build a knowledge base and you can start to

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Speaker 3: build your own mental skyscraper that's going to hopefully take

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Speaker 3: you places financially and mentally where you're growing in both spaces.

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Speaker 5: So that's like Warren Buffett like his approaches. He invests

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Speaker 5: in companies that he understands, right. So I always tell kids,

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Speaker 5: like once again in the class, like okay, what do

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Speaker 5: you have on your feet? Everybody that has Nike or Adidas, right,

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Speaker 5: So it's like, Okay, you understand the brand because you

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Speaker 5: spend all your money on it, right, So it's not

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Speaker 5: like it's not foreign to like, you don't have to

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Speaker 5: be a rocket scientist to figure out Okay, Kanye just

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Speaker 5: did a deal with Adidas, or Beyonce just did a

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Speaker 5: deal with a didas Adidas is hot right now, or

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Speaker 5: Nike Lebron signed he got Jordan's coming out. So these

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Speaker 5: are things that we understand and we don't have to

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Speaker 5: be a stock market analyst to know that I'm already

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Speaker 5: investing money in these companies by buying Yeah, why not

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Speaker 5: in the actual company in the.

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Speaker 6: Sense you're you're making the trend, right, So there's a

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Speaker 6: reason why that company would up, whether it be like

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Speaker 6: the iPhone, right it would raise applestock, or if Nike's

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Speaker 6: putting out a new product or do you just put

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Speaker 6: out a new product.

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Speaker 3: We are the trend makers, you know what I mean? So,

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Speaker 3: like that was one. That's one of the key things

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Speaker 3: we say.

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Speaker 6: So after we tell them, hey, this is what a

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Speaker 6: share is, the next thing is like investing put money

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Speaker 6: in what you already are invested in.

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Speaker 3: So if it's arising as your phone.

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Speaker 6: Company, then maybe you should have stock in that, or

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Speaker 6: if it's Sprint whoever it is, right investing yourself.

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Speaker 3: Yeah, and that's the biggest thing, right, Like we want

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Speaker 3: to understand what we invest in. Like, no one likes

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Speaker 3: an investment where you kind of don't understand what's going on,

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Speaker 3: and it's kind of like gambling. Now it's not an investment.

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Speaker 3: Now you're just gambling. And for all that you can

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Speaker 3: go put their money on black and A see. I

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Speaker 3: think I hope for the best. But when look at

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Speaker 3: these companies, it's very key to understand why a company

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Speaker 3: goes up or why a company goes down. The stock

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Speaker 3: market is very similar to fashion. Right, I'm willing to

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Speaker 3: pay the extra twenty dollars for Nike as opposed to

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Speaker 3: Undam or why because it's Nike is a little bit cooler, right,

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Speaker 3: And that's the thing you're paying for. I call it

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Speaker 3: social equity. What I have on and what I'm dressed in.

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Speaker 3: I have on Nike, Adidas, I have on Gucci, I

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Speaker 3: have on Product. There's a reason why those items are

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Speaker 3: priced in those spaces. They know people are buying, right,

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Speaker 3: and we all know it's the same factory that makes

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Speaker 3: some and they just put a tag on on. But

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Speaker 3: you're willing to spend one hundred dollars more for this tag,

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Speaker 3: right than the other tag because you want the social

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Speaker 3: equity of somebody saying, okay, he looks good, Okay, I

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Speaker 3: see him, and that's what you're buying. So you have

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Speaker 3: to also know why this company's going up, why it's

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Speaker 3: going down. And that goes back to interest, right, sweat equity.

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Speaker 3: I need to now read You said.

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Speaker 5: That you have to learn how to read and know

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Speaker 5: the interest. Okay, you're interested in one thing, but now

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Speaker 5: how do you actually examine to see if this is

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Speaker 5: actually worth buying or not?

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Speaker 3: Right?

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Speaker 5: So you can read, but like what do you read?

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Speaker 5: How do you know if something is actually worth flying

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Speaker 5: or not?

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Speaker 3: Social equity the social It's kind of a term I

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Speaker 3: coined myself because I always look shopping. Yeah, that's not sure?

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Speaker 3: Is it something I look like go shopping? Or just

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Speaker 3: in life? Right? What kind of car you drive? And

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Speaker 3: what kind of house do you live in? What town

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Speaker 3: do you live in? What do you have in your house?

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Speaker 3: People are very much into the social aspect, right, Like

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Speaker 3: social media, you don't even really see the highlights. So

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Speaker 3: it's like ESPN Top ten over again, right, No one

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Speaker 3: ever kind of sees the grind and the failure and

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Speaker 3: the ups and the downs and the ebbs and the flows. Right,

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Speaker 3: we just see somebody pop up and they have all

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Speaker 3: this stuff. How'd you get it right, but we don't

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Speaker 3: care what the social equity says. I want that now,

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Speaker 3: but you don't understand what that person went through to

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Speaker 3: get or how they got, or they could be lying

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Speaker 3: whatever it is. The idea is that people want to

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Speaker 3: feel accepted. No one ever wants to be the dumbest

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Speaker 3: person in the room. People are k with being the

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Speaker 3: second dumbest person in the room because he's like, well

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Speaker 3: you dumb, or so you know what, I with him

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Speaker 3: being dumb. I'm not the numbest person in the room, right,

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Speaker 3: But no one ever thinks past that. And so the

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Speaker 3: idea is to get people to critically think. Because a

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Speaker 3: lot of the things that we do habitually on a

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Speaker 3: day to day basis, these are our habits, right. We

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Speaker 3: don't ask any questions. Your mom says, when you grow up,

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Speaker 3: brush your teeth in the morning, why not the afternoon.

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Speaker 3: We were never not programming the question. Things are program

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Speaker 3: just to accept them the way they are. That's not

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Speaker 3: that stock market works. A stock could be a goodbye,

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Speaker 3: and it could be going down right for other reasons

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Speaker 3: that have nothing to do with why you think it

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Speaker 3: should go down or why I think it should go down.

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Speaker 5: So that's the part that I'm getting at. So what

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Speaker 5: could make it, you know, broad range? What can make

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Speaker 5: a stock go up? What can make a stock go down?

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Speaker 5: Other than what's obvious to the naked.

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Speaker 3: Eye or something like that. No, it's just perceptional. Like

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Speaker 3: think about the market, right, This is all a gazi. Right,

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Speaker 3: So as a CEO will get certain bonuses if a

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Speaker 3: stock has certain peaks, right, this is okay, you're the

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Speaker 3: CEO of ABC company, and they'll say you listen, if

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Speaker 3: you can get the shares up to thirty dollars a

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Speaker 3: share and hold it around this range for four months,

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Speaker 3: we'll give you ten million dollars and then so on

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Speaker 3: and so forth with getting the share price up. But

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Speaker 3: it's all kind of like a figazzi. Why is it

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Speaker 3: that price? Why is up? Wise? Down? Right? Forgets supply

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Speaker 3: and demand and volume. A lot of it's just perception

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Speaker 3: of the market. It's what the market perceives, what big

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Speaker 3: money perceives, what somebody thinks, right, we get information. Now,

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Speaker 3: if you own three shares at Apple and you like

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Speaker 3: their third quarter earnings call, he owns one hundred million

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Speaker 3: dollars Apple and he hates it. Who has more effect

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Speaker 3: on how the stock goes, he does because he has

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Speaker 3: more equity in the stock, so he has more say

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Speaker 3: so in terms of how it moves. Even though you

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Speaker 3: might be right with your three shares, he might be

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Speaker 3: rolling in his perception right. So all this stuff is

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Speaker 3: perception based, and that's why the sweat equity of actually

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Speaker 3: reading and engal from yourself the subject matter of interest

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Speaker 3: is going to help you understand the company. And if

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Speaker 3: you understand Apple, it's going to be easy to understand Google,

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Speaker 3: It's going to be easier to understand Amazon. It's going

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Speaker 3: to be easier to understand any other kind of tech

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Speaker 3: brand because the model of how they distribute their products,

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Speaker 3: their ideas, and their messages they're not like the same same,

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Speaker 3: but they're really similar, and it's going to help you

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Speaker 3: pick up on ideas. Facebook used and tactic called a

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Speaker 3: little bighorn right, and they went into Texas. They went

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Speaker 3: to University of Texas and said, hey, we want to

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Speaker 3: give y'alls Facebook. The University of Texas said not, We're

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Speaker 3: University of Texas. We're good. So they went to Texas

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Speaker 3: A and M Texas State, SMU every school in Texas

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Speaker 3: around and gave them Facebook to the point where students

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Speaker 3: at Texas said, Yo, why we have Facebook? And the

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Speaker 3: Texas was just forced to do business with Facebook. That

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Speaker 3: happens in business all the time, Right, It's something we

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Speaker 3: don't pay attention to. But these triggers and levers to happen.

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Speaker 3: You'll start to notice as you read. And I said,

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Speaker 3: you build the brick, right, you're building when you get

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Speaker 3: to the second floor, you go, I get that. Now

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Speaker 3: I can now read tea leaves. I've seen this coming, right,

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Speaker 3: I see what possibly can happen. I don't know what's

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Speaker 3: going to happen, but I can have an idea based

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Speaker 3: on how well I know it. You play ball, if

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Speaker 3: I come down, I go in and out. I'm either

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Speaker 3: gonna cross or I'm gonna go straight. So as a defender,

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Speaker 3: you know what I'm gonna do, or have an idea

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Speaker 3: so you can react a little faster. Right, it's the

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Speaker 3: same thing that we use every day.

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Speaker 6: I'm gonna go backwards just a little bit because you

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Speaker 6: said reading and that's important. On the last episode, on

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Speaker 6: episode fourteen, we talked about the importance of reading and

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Speaker 6: a lot of times we get discounted because we're not reading.

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Speaker 3: The catcher and the Rye.

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Speaker 6: Right, what publications should we be reading if we're trying

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Speaker 6: to invest in the South market?

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Speaker 3: I think the Wall Street Journal is good to read.

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Speaker 3: Barns is a little bit of advanced, but Barons is

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Speaker 3: a good place to start to read. I think Financial

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Speaker 3: Time is a good place to read. I think the economists,

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Speaker 3: even though it's not solely finance stock base, it gives

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Speaker 3: you a premise of outside the scope of how we think.

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Speaker 3: Because we think domestically, right, we think about what affects

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Speaker 3: America and when you're dealing with stocks and companies, these

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Speaker 3: are global companies, right, So how does Europe affect this company?

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Speaker 3: How does China affect this company? How does India affect

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Speaker 3: this company? We don't think like that. We think, okay,

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Speaker 3: well you have a Verizon service, so you figure I'm

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Speaker 3: going to invest my money in Verizon, right, because but

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Speaker 3: Verizon's a global brand. So what's going on in Australia?

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Speaker 3: What's going on here? When you look at the country

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Speaker 3: like India, they have a billion people? Right? How many

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Speaker 3: people on Indy do you think have a cell phone?

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Speaker 3: I'm gonna say.

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Speaker 5: Fifty million, yeah, something small enough, ten.

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Speaker 3: Million, one hundred, like eight million, hundred and nine million

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Speaker 3: people and a billion. So it's an arms race between

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Speaker 3: Walmart and Apple. The boyst country gets to India because

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Speaker 3: they're building the middle class. Feel like the same thing's

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Speaker 3: happening in China.

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Speaker 6: I we spoke off the game about China Mobile and

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Speaker 6: it was like, they're trying to build so much infrastructure

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Speaker 6: because they almost have two billion people.

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Speaker 3: Right, But it's a race to the middle class. Right.

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Speaker 3: And but when you look at the company on a

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Speaker 3: broad scale, and I look at it like a company

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Speaker 3: and I have like Netflix, and I said, okay, do

433
00:20:13,760 --> 00:20:16,080
Speaker 3: really well. They have a lot of subscribers. We understand

434
00:20:16,080 --> 00:20:19,080
Speaker 3: how it works, but they haven't really touched Europe or

435
00:20:19,080 --> 00:20:23,360
Speaker 3: other countries, so there's growth there. That's what gets you interested, right,

436
00:20:23,400 --> 00:20:25,520
Speaker 3: And those are the kind of things when you start

437
00:20:25,560 --> 00:20:28,600
Speaker 3: to read about companies you go kind of interested. Now

438
00:20:28,720 --> 00:20:30,800
Speaker 3: now I'm interested because I know if they're doing well here,

439
00:20:31,000 --> 00:20:32,480
Speaker 3: there's an opportunity here.

440
00:20:32,560 --> 00:20:32,720
Speaker 5: Right.

441
00:20:32,800 --> 00:20:36,280
Speaker 3: All we want in life is options, the same thing

442
00:20:36,359 --> 00:20:39,440
Speaker 3: everywhere else. Right, I want the option to go out

443
00:20:39,480 --> 00:20:41,439
Speaker 3: to eat. I want to have options, but I want

444
00:20:41,440 --> 00:20:43,119
Speaker 3: to eat here here here, I want to have that

445
00:20:43,200 --> 00:20:44,960
Speaker 3: option or I want an option. What kind of calling

446
00:20:45,040 --> 00:20:46,760
Speaker 3: jobs I want to out eat, Do I want to bends?

447
00:20:46,760 --> 00:20:48,920
Speaker 3: Do I want right? I want that option? That's who

448
00:20:49,000 --> 00:20:50,880
Speaker 3: if we work for We work to have options.

449
00:20:51,359 --> 00:20:51,520
Speaker 5: Right.

450
00:20:51,600 --> 00:20:53,600
Speaker 3: So the same thing in the market is that understanding.

451
00:20:53,600 --> 00:20:57,280
Speaker 3: These companies now pull levers, and the more you understand

452
00:20:57,320 --> 00:21:00,080
Speaker 3: what you're digesting and investing in, the more options and

453
00:21:00,160 --> 00:21:03,400
Speaker 3: you'll have. Now it's a slow reward. This thing isn't

454
00:21:03,440 --> 00:21:05,919
Speaker 3: a I'm gonna put money in on Monday and be

455
00:21:06,040 --> 00:21:10,240
Speaker 3: rich on Wednesday. This is a character choice when you're

456
00:21:10,240 --> 00:21:13,240
Speaker 3: talking about starting from scratch, right in terms of billing

457
00:21:13,280 --> 00:21:16,520
Speaker 3: your portfolio. So now you might not see the siege

458
00:21:16,560 --> 00:21:18,800
Speaker 3: of labor, right. It might go to your kids, right,

459
00:21:18,960 --> 00:21:21,760
Speaker 3: Or it might be something that is a passion project

460
00:21:21,840 --> 00:21:23,680
Speaker 3: and you can only fund so much. We have to

461
00:21:23,680 --> 00:21:26,520
Speaker 3: be realistic, like everybody doesn't have one hundred thousand thrown

462
00:21:26,560 --> 00:21:29,920
Speaker 3: to the market or a million. You start winning thousand here,

463
00:21:29,920 --> 00:21:32,359
Speaker 3: one thousand there. So you have to be patient with

464
00:21:32,440 --> 00:21:34,120
Speaker 3: it and be patient with your own growth, the same

465
00:21:34,160 --> 00:21:37,160
Speaker 3: way that we're patient in life with different things. That's

466
00:21:37,160 --> 00:21:38,760
Speaker 3: gonna lead us into a very interesting story.

467
00:21:38,840 --> 00:21:40,480
Speaker 5: Ye all right, So yeah, so now you got the

468
00:21:40,640 --> 00:21:43,359
Speaker 5: you know, the groundworks that was a lot. We're going

469
00:21:43,480 --> 00:21:46,080
Speaker 5: now we're gonna go into the hot topics of the day.

470
00:21:46,800 --> 00:21:48,719
Speaker 5: All right, So now we're going to go into some

471
00:21:48,760 --> 00:21:52,120
Speaker 5: hot topics because everybody's been talking about the stock market

472
00:21:52,160 --> 00:21:56,240
Speaker 5: recently for a couple of different companies, lifting Google specifically,

473
00:21:56,240 --> 00:21:56,960
Speaker 5: a couple others.

474
00:21:57,280 --> 00:21:58,720
Speaker 3: Pinterest is another one, Pinterest.

475
00:21:58,800 --> 00:22:02,520
Speaker 5: But everybody's interested in lifting Google, they just well lift

476
00:22:02,560 --> 00:22:08,359
Speaker 5: IPO and Uber is about the IPO. Right, So everybody's

477
00:22:08,359 --> 00:22:10,240
Speaker 5: been hitting us up, like you, can you talk about Lyft?

478
00:22:10,240 --> 00:22:12,359
Speaker 5: Can you talk about what Ibo? Should we buych you?

479
00:22:12,359 --> 00:22:13,639
Speaker 5: You're not so First of all, we're not here to

480
00:22:13,680 --> 00:22:16,199
Speaker 5: give you stock advice. We're just here to give you

481
00:22:16,280 --> 00:22:19,199
Speaker 5: information and then from the information you can, you know,

482
00:22:19,359 --> 00:22:22,560
Speaker 5: do whatever you want. Right, so Q all right? The

483
00:22:22,600 --> 00:22:27,560
Speaker 5: first question is that IPO. Right, A lot of people

484
00:22:27,560 --> 00:22:29,960
Speaker 5: will hear this term, but they're not They don't fully

485
00:22:30,040 --> 00:22:31,360
Speaker 5: even understand.

486
00:22:31,040 --> 00:22:34,640
Speaker 3: What itself gotcha. So it's an initial public offering.

487
00:22:34,840 --> 00:22:37,360
Speaker 6: A lot of times we see the evaluation for a company, Yeah,

488
00:22:37,440 --> 00:22:40,320
Speaker 6: and like, is that how the process they get the numbers?

489
00:22:40,320 --> 00:22:43,080
Speaker 3: Well, the evaluation can come from a multitude of things.

490
00:22:44,160 --> 00:22:46,760
Speaker 3: The valuation. You can look at a company and think

491
00:22:46,800 --> 00:22:48,879
Speaker 3: that the company's worth thirty billion. You can look at

492
00:22:48,880 --> 00:22:50,800
Speaker 3: a company and thinks the company's worth ten billion. Right.

493
00:22:50,840 --> 00:22:55,119
Speaker 3: Everybody has different metrics on what they value stuff. And

494
00:22:55,160 --> 00:22:59,119
Speaker 3: again the evaluation is from without looking inside. Right, this

495
00:22:59,240 --> 00:23:03,440
Speaker 3: is just on the outside of your house, like the appraisal, right,

496
00:23:03,480 --> 00:23:06,439
Speaker 3: So it's appraising you. So the evaluation could be correct,

497
00:23:06,760 --> 00:23:07,160
Speaker 3: could not.

498
00:23:07,119 --> 00:23:09,040
Speaker 5: Be because I was gonna say, because right now, uber

499
00:23:09,240 --> 00:23:13,000
Speaker 5: is possibly they look at a hundred billion.

500
00:23:13,840 --> 00:23:16,160
Speaker 3: Somewhere in the realm, they're gonna come up.

501
00:23:16,080 --> 00:23:17,040
Speaker 5: With a high ve It might be one of the

502
00:23:17,080 --> 00:23:19,320
Speaker 5: higher ones, a hundred let's say, one hundred billion dollars

503
00:23:19,359 --> 00:23:22,840
Speaker 5: valuations what they're looking at. And they've never made a profit. No,

504
00:23:23,600 --> 00:23:26,399
Speaker 5: So that's another thing, right, lifts never made a profit.

505
00:23:26,720 --> 00:23:30,679
Speaker 3: So that part of it is like basically, once you

506
00:23:30,760 --> 00:23:33,840
Speaker 3: go an IPO and you haven't made a profit, that

507
00:23:34,000 --> 00:23:36,719
Speaker 3: clock starts ticking. Now you got to make it appeal, right,

508
00:23:37,160 --> 00:23:39,040
Speaker 3: and they'll give you some quarters to kind of get

509
00:23:39,040 --> 00:23:42,320
Speaker 3: your feet wet stuff together. Right, But eventually, now you're

510
00:23:42,359 --> 00:23:46,840
Speaker 3: open to investors and public investors and other institutions and

511
00:23:46,880 --> 00:23:50,320
Speaker 3: hedge funds who all have different motives. You might be

512
00:23:50,359 --> 00:23:52,760
Speaker 3: a long term investor, he might be a hedge from

513
00:23:52,880 --> 00:23:54,919
Speaker 3: looking to make a quick buck or make him look

514
00:23:54,960 --> 00:23:56,879
Speaker 3: to make a power play. Right, And that kind of

515
00:23:56,880 --> 00:23:59,639
Speaker 3: gets into the market if you aways want to think

516
00:23:59,640 --> 00:24:02,080
Speaker 3: about it, like the ocean, right, you got sharks, and

517
00:24:02,160 --> 00:24:04,600
Speaker 3: you have fish, and you have whales, and you have eels,

518
00:24:04,640 --> 00:24:06,960
Speaker 3: and you have seals. You have all these different creatures.

519
00:24:07,200 --> 00:24:10,440
Speaker 3: They all have different purposes, right, the octopus saying they

520
00:24:10,480 --> 00:24:12,080
Speaker 3: all just want to live their life in the ocean.

521
00:24:12,200 --> 00:24:15,120
Speaker 3: They want what they want, right. The eel's not worried

522
00:24:15,119 --> 00:24:17,080
Speaker 3: about what the shark's doing, and the shark's not worried

523
00:24:17,119 --> 00:24:19,919
Speaker 3: about what the coyfish is doing. They're all just living

524
00:24:20,160 --> 00:24:24,119
Speaker 3: in the same atmosphere. But they have different purposes. And

525
00:24:24,160 --> 00:24:26,240
Speaker 3: that's a stock market when you start to get into

526
00:24:27,040 --> 00:24:30,280
Speaker 3: the exchange and all these different investors, right, that's a

527
00:24:30,320 --> 00:24:33,080
Speaker 3: deeper dive when you're getting into this IPO market. The

528
00:24:33,119 --> 00:24:35,960
Speaker 3: company's doing it because they feel like with the extra cash,

529
00:24:36,119 --> 00:24:38,280
Speaker 3: they'll be able to take their company to the next level,

530
00:24:38,600 --> 00:24:41,000
Speaker 3: the same way that you might take a home equity

531
00:24:41,080 --> 00:24:42,840
Speaker 3: loan out because you feel like you take your house

532
00:24:42,880 --> 00:24:45,000
Speaker 3: to the next level. You'll raise evaluation in your house

533
00:24:45,160 --> 00:24:47,840
Speaker 3: by adding the bathroom or adding the kitchen or adding

534
00:24:47,880 --> 00:24:50,360
Speaker 3: something to your home, right and eventually going to pay

535
00:24:50,400 --> 00:24:53,439
Speaker 3: that money back because that's a debt. Right, they're offering equity,

536
00:24:53,520 --> 00:24:56,119
Speaker 3: that's debt. They owe money. Money. They using other people's

537
00:24:56,160 --> 00:24:58,640
Speaker 3: money to take themselves to the next level, the same

538
00:24:58,680 --> 00:25:01,919
Speaker 3: way as people we take loans and credit cards to

539
00:25:02,000 --> 00:25:05,120
Speaker 3: take ourselves to the next level. Companies do. Right, we're

540
00:25:05,160 --> 00:25:07,760
Speaker 3: all owned. We're the CEOs of our own companies every day. Right,

541
00:25:07,800 --> 00:25:09,440
Speaker 3: So you're balance, youet of what you do on a

542
00:25:09,480 --> 00:25:12,720
Speaker 3: daily basis, you're the CEO. You are Rashaw as a

543
00:25:12,800 --> 00:25:15,680
Speaker 3: CEO of Rashard Co. So decisions you make on a

544
00:25:15,760 --> 00:25:17,919
Speaker 3: daily basis the same way as CEO makes decisions for

545
00:25:17,960 --> 00:25:20,679
Speaker 3: his company. So you start to look at it like that,

546
00:25:20,760 --> 00:25:24,879
Speaker 3: it all kind of connects together. You know, You're like, okay,

547
00:25:24,960 --> 00:25:26,920
Speaker 3: I understand why they would do this now because he's

548
00:25:26,960 --> 00:25:29,439
Speaker 3: moving in the best interest the same way that you

549
00:25:29,480 --> 00:25:30,439
Speaker 3: would do that, right.

550
00:25:30,320 --> 00:25:34,120
Speaker 5: Like so then also all right, but so snapchat, right

551
00:25:34,200 --> 00:25:36,800
Speaker 5: can we talk? They still haven't made a profit, okay,

552
00:25:37,119 --> 00:25:39,800
Speaker 5: and they say that they might never make a profit,

553
00:25:39,880 --> 00:25:42,440
Speaker 5: right yep. So okay, So these companies come into the

554
00:25:42,480 --> 00:25:45,080
Speaker 5: stock market like Uber and Lifting never made a profit.

555
00:25:45,359 --> 00:25:50,439
Speaker 5: But from from my perspective and the easiest way to explain,

556
00:25:50,480 --> 00:25:52,440
Speaker 5: people will still give them a benefit of the doubt

557
00:25:52,480 --> 00:25:54,920
Speaker 5: because they believe in the business model anything. One day

558
00:25:54,960 --> 00:25:57,600
Speaker 5: they will turn a profit, right, But sometimes they don't

559
00:25:57,600 --> 00:25:58,960
Speaker 5: turn a profit, like Snapchat.

560
00:25:59,440 --> 00:26:03,920
Speaker 3: So now it comes down to potential. Right, at some

561
00:26:03,960 --> 00:26:07,960
Speaker 3: point in time, you get too old to have potential right,

562
00:26:08,000 --> 00:26:11,480
Speaker 3: like basketball life, right, Like if I don't get it

563
00:26:11,520 --> 00:26:14,040
Speaker 3: right at seventeen years old, it's like, well, you have

564
00:26:14,080 --> 00:26:15,680
Speaker 3: your whole life ahead of you, and I don't get

565
00:26:15,680 --> 00:26:17,800
Speaker 3: it right at twenty four, where you're still young. I

566
00:26:17,800 --> 00:26:19,479
Speaker 3: don't get it right at twenty six, Hey you kind

567
00:26:19,480 --> 00:26:21,399
Speaker 3: of on your last legs. I don't get it right

568
00:26:21,480 --> 00:26:23,320
Speaker 3: at thirty five, Like fam, you just didn't figure it out.

569
00:26:23,440 --> 00:26:26,160
Speaker 3: That's that's what I say, Right, like a dud, don't

570
00:26:26,200 --> 00:26:29,280
Speaker 3: make it thirty. At a certain point in time, it's

571
00:26:29,400 --> 00:26:31,320
Speaker 3: the potential is going right. I can't use that as

572
00:26:31,320 --> 00:26:33,919
Speaker 3: a as an excuse as to why I'm not accomplishing something.

573
00:26:34,320 --> 00:26:37,000
Speaker 3: And so except all these things in the stock marketing

574
00:26:37,000 --> 00:26:38,919
Speaker 3: and all these things in life kind of tying together.

575
00:26:39,440 --> 00:26:42,480
Speaker 3: So yeah, on potential, I'm going to invest in this

576
00:26:42,560 --> 00:26:45,720
Speaker 3: company because it can be fruitful if I was investing.

577
00:26:45,760 --> 00:26:47,960
Speaker 3: That's what the person's thinking. Right, they're saying, Okay, I

578
00:26:48,000 --> 00:26:51,280
Speaker 3: get the premise. I understand the business concept. I understand

579
00:26:51,720 --> 00:26:54,040
Speaker 3: how they make money, how they plan to make money,

580
00:26:54,080 --> 00:26:57,479
Speaker 3: what they're going to do. First part. Second part is

581
00:26:57,760 --> 00:27:00,639
Speaker 3: are they going to execute? Right? We understand now, but

582
00:27:00,760 --> 00:27:03,560
Speaker 3: do I believe in the execution? And then if they

583
00:27:03,640 --> 00:27:07,959
Speaker 3: don't execute, what's my next move? Everybody never, nobody ever

584
00:27:08,080 --> 00:27:10,520
Speaker 3: plans a fail like people always plan for everything to

585
00:27:10,640 --> 00:27:13,000
Speaker 3: go right, and that's not how life works. Right when

586
00:27:13,000 --> 00:27:14,480
Speaker 3: I was a kid, Okay, I'm gonna get my degree

587
00:27:14,480 --> 00:27:17,199
Speaker 3: at twenty two, I've be married at twenty five, make

588
00:27:17,280 --> 00:27:19,280
Speaker 3: six figures at twenty six, I'm gonna have a kid

589
00:27:19,280 --> 00:27:23,080
Speaker 3: at thirty. Like that never happens.

590
00:27:23,920 --> 00:27:26,160
Speaker 7: This episode is brought to you by P and C Bank.

591
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Speaker 3: Life that punches you in the mouth and you know

638
00:30:15,680 --> 00:30:18,000
Speaker 3: everybody's journey is different. So so I said, this stuff

639
00:30:18,040 --> 00:30:21,200
Speaker 3: is all kind of like life based because at the

640
00:30:21,320 --> 00:30:24,200
Speaker 3: end of the day, these journeys these companies are on

641
00:30:24,360 --> 00:30:27,400
Speaker 3: are independent their own, Like the CEO's job is to

642
00:30:27,440 --> 00:30:29,800
Speaker 3: do a certain job with the company and raise capital

643
00:30:29,840 --> 00:30:33,120
Speaker 3: or to take the shares to a certain price. And

644
00:30:33,720 --> 00:30:37,280
Speaker 3: Adidas in a Nike, though they are competitors, they might

645
00:30:37,320 --> 00:30:41,160
Speaker 3: have different you know, operating procedures or different goals of

646
00:30:41,200 --> 00:30:43,800
Speaker 3: what they want to do. And that comes down to

647
00:30:44,040 --> 00:30:46,800
Speaker 3: like looking actually in the company at what they're doing well,

648
00:30:47,240 --> 00:30:51,000
Speaker 3: what they're not doing well, and how their success or

649
00:30:51,080 --> 00:30:55,360
Speaker 3: failure basically affects the ecosystem with which they live in,

650
00:30:55,400 --> 00:30:59,080
Speaker 3: which is the stock market. For example, foot Locker derives

651
00:30:59,120 --> 00:31:02,080
Speaker 3: a lot of the success from Nike, right, Nike's the

652
00:31:02,120 --> 00:31:06,400
Speaker 3: big biggest shoe retailer in terms of sneakers. Twenty seventeen,

653
00:31:06,520 --> 00:31:09,920
Speaker 3: Nike had a very bad fashion year. They didn't hit

654
00:31:10,000 --> 00:31:12,280
Speaker 3: on a lot of different things right, so they had

655
00:31:12,320 --> 00:31:15,960
Speaker 3: a down year that took foot Locker stock from like

656
00:31:16,080 --> 00:31:18,520
Speaker 3: seventy to thirty bucks to drop like sixty five percent

657
00:31:19,040 --> 00:31:21,320
Speaker 3: because they're tied to that. And then on top of

658
00:31:21,400 --> 00:31:24,280
Speaker 3: Nike not having a good year and an affecting Footlocker.

659
00:31:24,720 --> 00:31:28,200
Speaker 3: Nike said, We're now going to directly distribute shoes from Amazon.

660
00:31:28,800 --> 00:31:31,160
Speaker 3: So the market said, oh, you guys are definitely in

661
00:31:31,200 --> 00:31:34,840
Speaker 3: trouble now, right, And now you look at foot Locker

662
00:31:34,880 --> 00:31:38,000
Speaker 3: and they've kind of built themselves back. And Nike had

663
00:31:38,000 --> 00:31:40,959
Speaker 3: a better year the two seventies hit and the whole

664
00:31:41,440 --> 00:31:43,280
Speaker 3: they have a bunch of different shoe lines and clothing

665
00:31:43,320 --> 00:31:46,600
Speaker 3: lines that hit that did well, and that ecosystem, right,

666
00:31:46,640 --> 00:31:49,880
Speaker 3: they're doing well affected foot Locker. So the same I said,

667
00:31:49,880 --> 00:31:52,640
Speaker 3: it's like an ocean, right, the ecosystem and how we

668
00:31:52,720 --> 00:31:56,960
Speaker 3: do things affects everybody. It's important to understand Nike, because

669
00:31:56,960 --> 00:31:59,440
Speaker 3: I'm gonna understand Addis. It's going to help you understand

670
00:31:59,480 --> 00:32:01,760
Speaker 3: under Armour, It's going to help me understand foot Locker.

671
00:32:01,760 --> 00:32:03,800
Speaker 3: It's going to help me understand Sketchers, and help me

672
00:32:03,880 --> 00:32:06,640
Speaker 3: understand all these other companies that are in the same

673
00:32:06,720 --> 00:32:10,600
Speaker 3: ecosystem on a daily basis. And that will now affect

674
00:32:10,800 --> 00:32:12,760
Speaker 3: what I want to invest in, if that's what I

675
00:32:12,760 --> 00:32:13,480
Speaker 3: want to invest in.

676
00:32:13,560 --> 00:32:16,920
Speaker 5: So would you recommend like specialty? All right? Like, So

677
00:32:16,920 --> 00:32:18,800
Speaker 5: if I wanted to get started in a stock market, right,

678
00:32:19,000 --> 00:32:20,800
Speaker 5: Should I just focus my energy and say, okay, I

679
00:32:20,840 --> 00:32:23,320
Speaker 5: remember ready interested in tech. Let me just focus on

680
00:32:23,400 --> 00:32:25,560
Speaker 5: tech so I can learn everything about tech that I

681
00:32:25,600 --> 00:32:29,640
Speaker 5: need to know Google, Amazon, Facebook, all of these companies,

682
00:32:30,400 --> 00:32:33,120
Speaker 5: or focus my energy on fashion or because then it's

683
00:32:33,120 --> 00:32:35,200
Speaker 5: like okay, once I'm master that, like you said, now

684
00:32:35,720 --> 00:32:37,640
Speaker 5: one tech company is kind of related to the next

685
00:32:37,640 --> 00:32:40,200
Speaker 5: tech company, and I'll be able to read those publications.

686
00:32:40,280 --> 00:32:42,120
Speaker 5: I'll kind of have my niche. Or would you just

687
00:32:42,160 --> 00:32:44,880
Speaker 5: recommend like broad range learning much about as much things

688
00:32:44,880 --> 00:32:45,520
Speaker 5: as possible.

689
00:32:46,480 --> 00:32:50,480
Speaker 3: Like I said before, I'm a big proponent of read

690
00:32:50,600 --> 00:32:53,600
Speaker 3: what you're interested in. That's the best way because you're

691
00:32:53,600 --> 00:32:56,960
Speaker 3: gonna get excited to read, Like I don't think people

692
00:32:57,000 --> 00:32:58,720
Speaker 3: get excited to read. Like you're not excited to read

693
00:32:58,800 --> 00:33:01,400
Speaker 3: certain stuff like don't want to read the Apple contracts

694
00:33:01,400 --> 00:33:03,400
Speaker 3: when it pops up and it's like you don't see

695
00:33:03,480 --> 00:33:05,680
Speaker 3: what you're saying. Yes, I like saying, yo, we're gonna

696
00:33:05,680 --> 00:33:09,800
Speaker 3: take information, we're gonna sell it here, and like okay whatever, agree, agree, agree, Right.

697
00:33:10,280 --> 00:33:14,000
Speaker 3: No one likes to read, So the biggest thing is

698
00:33:14,000 --> 00:33:17,120
Speaker 3: is to do the things that you don't like to

699
00:33:17,120 --> 00:33:19,640
Speaker 3: do it you're not comfortable that's when you know you're growing.

700
00:33:19,880 --> 00:33:21,600
Speaker 3: Like if I if I'm doing stuff and I'm not

701
00:33:21,600 --> 00:33:24,560
Speaker 3: comfortable doing it because I don't have a comfortability, so I

702
00:33:24,560 --> 00:33:26,080
Speaker 3: won't do it all the time. I need to do

703
00:33:26,120 --> 00:33:27,719
Speaker 3: it because I'm grown. I don't need to keep on

704
00:33:27,800 --> 00:33:30,680
Speaker 3: doing the same things that I'm comfortable with. Right, But

705
00:33:30,960 --> 00:33:32,880
Speaker 3: the comfortability is and the interest.

706
00:33:32,840 --> 00:33:35,520
Speaker 6: Just from a teaching standpoint, that comes with endurance, Like reading,

707
00:33:35,600 --> 00:33:37,800
Speaker 6: endurance is a thing, right like the first time you

708
00:33:37,840 --> 00:33:39,920
Speaker 6: read an article, maybe you do it for five minutes,

709
00:33:40,000 --> 00:33:41,560
Speaker 6: and then that'xt time you do it for ten minutes,

710
00:33:41,840 --> 00:33:43,080
Speaker 6: and then by you know, a.

711
00:33:43,120 --> 00:33:45,520
Speaker 3: Month or six months, now you're reading for an hour. Right.

712
00:33:45,520 --> 00:33:47,040
Speaker 3: You got to build that thing up. You gotta train

713
00:33:47,080 --> 00:33:48,320
Speaker 3: yourself to do it, all right.

714
00:33:48,360 --> 00:33:51,080
Speaker 5: So now, yeah, we gave you some some backgrow on it.

715
00:33:51,120 --> 00:33:52,720
Speaker 5: So now we're gonna go into the next level of

716
00:33:52,720 --> 00:33:54,600
Speaker 5: how you guys can actually get your foot in the

717
00:33:54,640 --> 00:33:57,360
Speaker 5: game and and and start to make some money because

718
00:33:57,400 --> 00:33:59,040
Speaker 5: it's one thing to learn about it, but it's another

719
00:33:59,080 --> 00:34:03,760
Speaker 5: thing that actually profit from it, all right. Gosh, and

720
00:34:03,800 --> 00:34:06,760
Speaker 5: now we gave you some background info on the stock markets,

721
00:34:06,800 --> 00:34:09,799
Speaker 5: how stocks work, but now you know it's one thing

722
00:34:09,800 --> 00:34:12,440
Speaker 5: as I said before to provide information, it's another thing

723
00:34:12,440 --> 00:34:15,520
Speaker 5: that actually use the information. So now we want to

724
00:34:15,520 --> 00:34:18,760
Speaker 5: give you some some tools that you can use yourself

725
00:34:18,800 --> 00:34:20,480
Speaker 5: as far as you know to get your feet wet

726
00:34:20,520 --> 00:34:24,600
Speaker 5: and investing. So all right, we talked about platforms, right,

727
00:34:24,680 --> 00:34:26,000
Speaker 5: So there's there's a there's a there's a lot of

728
00:34:26,000 --> 00:34:28,880
Speaker 5: different platforms how somebody can invest. Right. One of the

729
00:34:28,960 --> 00:34:33,600
Speaker 5: apps is Robinhood, Right, what what's what? What's your favorite?

730
00:34:33,640 --> 00:34:34,839
Speaker 5: Like what's your what?

731
00:34:34,920 --> 00:34:37,480
Speaker 3: So it depends right like do you want to do?

732
00:34:37,480 --> 00:34:39,440
Speaker 3: Do you bank with Chase and then you can do

733
00:34:39,520 --> 00:34:41,560
Speaker 3: through JP Morgan Chase if you wanted to do it right?

734
00:34:41,600 --> 00:34:45,040
Speaker 3: Do you bank through Bank of America? You do? Marion Lynch.

735
00:34:45,040 --> 00:34:47,680
Speaker 3: If you bank through What's far you do? So there's

736
00:34:47,719 --> 00:34:52,760
Speaker 3: platforms there. There's Scott Trade, there's e Trade, there's TD,

737
00:34:53,480 --> 00:34:57,400
Speaker 3: there's Robinhood, there's Acorn, there are Glutton, your place.

738
00:34:57,880 --> 00:35:00,480
Speaker 5: Acorn because somebody asks about Acorn Acorn as you uniqu platform.

739
00:35:00,520 --> 00:35:04,719
Speaker 3: So Acorn is the company, if I'm not misinforms a

740
00:35:04,719 --> 00:35:06,600
Speaker 3: company that I think action Cusher is a part of

741
00:35:06,960 --> 00:35:09,440
Speaker 3: where they take the change when you use it and

742
00:35:09,480 --> 00:35:12,719
Speaker 3: they buy shares with your change, and it's a way

743
00:35:12,760 --> 00:35:15,719
Speaker 3: to get exposures to the market. Right, So like the

744
00:35:15,800 --> 00:35:19,480
Speaker 3: game that we're playing is all about exposure. You don't

745
00:35:19,480 --> 00:35:23,239
Speaker 3: know what you don't know, right, So then reading exposure

746
00:35:23,520 --> 00:35:26,959
Speaker 3: these sites exposure. Now you're exposed to all these sites

747
00:35:27,000 --> 00:35:31,320
Speaker 3: we're mentioning. Go on there, read their platform, read the offers,

748
00:35:31,520 --> 00:35:35,239
Speaker 3: read call them. They have customer service people ask questions,

749
00:35:35,840 --> 00:35:38,799
Speaker 3: say hey, if I choose you as opposed to them,

750
00:35:38,880 --> 00:35:43,160
Speaker 3: what benefit do I have? Right, That's the thing. We're

751
00:35:43,200 --> 00:35:45,359
Speaker 3: in a bubble right now the ideas that get out

752
00:35:45,400 --> 00:35:50,520
Speaker 3: that bubble, and so what we want to preach is, yeah,

753
00:35:50,640 --> 00:35:53,960
Speaker 3: there are a lot of platforms, and now the onus

754
00:35:54,040 --> 00:35:57,000
Speaker 3: is on the person that do due diligence. I don't

755
00:35:57,040 --> 00:35:58,680
Speaker 3: know what works best for you because I don't know

756
00:35:58,719 --> 00:36:01,680
Speaker 3: your financial circumstances. I don't know where you've bank, I

757
00:36:01,680 --> 00:36:04,719
Speaker 3: don't know what you're comfortable with. There are companies that

758
00:36:04,800 --> 00:36:07,040
Speaker 3: have customer service scraps you can call before you make

759
00:36:07,080 --> 00:36:09,719
Speaker 3: a trade, that will help walking through stuff. They'll help

760
00:36:09,760 --> 00:36:13,280
Speaker 3: find research with you, they have platforms. It's extensive stuff.

761
00:36:13,320 --> 00:36:16,080
Speaker 3: It's it's very labor intensive, right. All this stuff is

762
00:36:16,160 --> 00:36:19,160
Speaker 3: labor intensive. So now this comes down to how passionate

763
00:36:19,239 --> 00:36:20,040
Speaker 3: are you about things?

764
00:36:20,239 --> 00:36:23,080
Speaker 5: So redefined pressure? And also I want to let people

765
00:36:23,120 --> 00:36:25,000
Speaker 5: know too. A lot of time people have the misconception

766
00:36:25,120 --> 00:36:27,280
Speaker 5: that you have to be wealthy or rich to invest

767
00:36:27,320 --> 00:36:29,160
Speaker 5: in stock market, right, which is it's not.

768
00:36:29,080 --> 00:36:31,920
Speaker 3: True because the end game. So the difference with how

769
00:36:32,000 --> 00:36:35,240
Speaker 3: people think and not everybody things like this, Right, Money

770
00:36:35,280 --> 00:36:39,560
Speaker 3: is temporary, It comes and goes ebbs and flows. Knowledge

771
00:36:40,000 --> 00:36:43,160
Speaker 3: is what we're mining here, like we're crafting knowledge. Right.

772
00:36:43,560 --> 00:36:45,400
Speaker 3: I can't take that from you. I can't go in

773
00:36:45,440 --> 00:36:48,240
Speaker 3: your brain and take the knowledge. What makes the knowledge

774
00:36:48,239 --> 00:36:50,880
Speaker 3: powerful is that you can build on it or you

775
00:36:50,920 --> 00:36:53,520
Speaker 3: can share it, and you can make other people knowledgeable.

776
00:36:53,760 --> 00:36:55,920
Speaker 3: And if me and you both happen to be knowledgeable,

777
00:36:55,920 --> 00:36:58,160
Speaker 3: well then you have iron and shop and iron, right,

778
00:36:58,200 --> 00:37:01,799
Speaker 3: And that's where it gets powerful. And then when I

779
00:37:02,000 --> 00:37:06,319
Speaker 3: do have the actual capital to do things significantly, I'm

780
00:37:06,360 --> 00:37:09,600
Speaker 3: ready mentally, right. So you can have a million dollars

781
00:37:09,840 --> 00:37:13,839
Speaker 3: and not be sufficiently educated to move, and you can

782
00:37:13,960 --> 00:37:17,480
Speaker 3: have one thousand dollars and be educated, and all you're

783
00:37:17,520 --> 00:37:20,600
Speaker 3: doing is building your knowledge based until that moment comes

784
00:37:20,600 --> 00:37:22,719
Speaker 3: where you have that money to make a significant move

785
00:37:22,760 --> 00:37:29,239
Speaker 3: for yourself. So the ideas we're preaching exposure, we're preaching knowledge. Right,

786
00:37:29,280 --> 00:37:31,560
Speaker 3: we'll get your hands in the dirt. But it comes

787
00:37:31,600 --> 00:37:35,359
Speaker 3: down to an individual person. How bad do you want

788
00:37:35,400 --> 00:37:37,400
Speaker 3: to learn the market? How bad do you want to

789
00:37:37,440 --> 00:37:39,919
Speaker 3: be a resource for your friends and family? How bad

790
00:37:39,960 --> 00:37:43,359
Speaker 3: do you want to see your goals happen. I don't

791
00:37:43,360 --> 00:37:46,640
Speaker 3: control that. You don't control that. We're all CEOs our

792
00:37:46,719 --> 00:37:50,839
Speaker 3: own companies. So again, a bunch of platforms, right, we

793
00:37:50,840 --> 00:37:52,799
Speaker 3: can give you the names, we can list them out.

794
00:37:52,880 --> 00:37:54,400
Speaker 3: By the end of the day, you have to do

795
00:37:54,480 --> 00:37:57,680
Speaker 3: it's best for you. Because I don't wear a side small,

796
00:37:57,960 --> 00:37:59,839
Speaker 3: so I can't try a side small short. I tell

797
00:37:59,840 --> 00:38:03,600
Speaker 3: you if it's not, I'm gonna excel. Same thing for people.

798
00:38:03,640 --> 00:38:06,719
Speaker 3: These platforms are good if you have this amount of

799
00:38:06,719 --> 00:38:09,279
Speaker 3: money to invest and you're looking for this kind of

800
00:38:09,680 --> 00:38:12,960
Speaker 3: customer service. If you don't want any customer service, you

801
00:38:13,000 --> 00:38:15,439
Speaker 3: want to do it yourself, this platform is good if

802
00:38:15,440 --> 00:38:17,680
Speaker 3: you want to be able to walk into a big

803
00:38:17,719 --> 00:38:20,319
Speaker 3: branch and have a conversation with somebody about different things

804
00:38:20,360 --> 00:38:22,399
Speaker 3: in the face it. Well, this is good for you.

805
00:38:22,960 --> 00:38:26,000
Speaker 3: These things are all quite essential to what it is

806
00:38:26,080 --> 00:38:26,879
Speaker 3: you're looking for.

807
00:38:27,040 --> 00:38:28,759
Speaker 5: Yeah, now, I like what you said. As far as

808
00:38:29,600 --> 00:38:32,200
Speaker 5: you can't take the knowledge. Because I had one friend

809
00:38:32,320 --> 00:38:36,160
Speaker 5: who he he made He made a million dollars let's

810
00:38:36,200 --> 00:38:38,000
Speaker 5: say roughly like, he made a million dollars young, right

811
00:38:38,320 --> 00:38:40,840
Speaker 5: then he fell on some hard times and he lost

812
00:38:40,920 --> 00:38:43,520
Speaker 5: pretty much all of it. But another one of my

813
00:38:43,560 --> 00:38:45,040
Speaker 5: friends was talking to him and he was like, you're

814
00:38:45,040 --> 00:38:47,400
Speaker 5: going to make a million dollars a gat easy. And

815
00:38:47,400 --> 00:38:49,359
Speaker 5: when he said that, it was kind of like I

816
00:38:49,360 --> 00:38:51,160
Speaker 5: asked him later, I'm like, why would you say that.

817
00:38:51,200 --> 00:38:53,000
Speaker 5: You don't even know, Like it's not easy to make

818
00:38:53,040 --> 00:38:54,840
Speaker 5: a million dollars. He said, because he already made it before,

819
00:38:55,560 --> 00:38:59,200
Speaker 5: so he got the information. He understands how to do it. Now,

820
00:38:59,239 --> 00:38:59,960
Speaker 5: you just got to do it again.

821
00:39:00,120 --> 00:39:02,640
Speaker 3: That's like, that's what they said about the first millions.

822
00:39:03,160 --> 00:39:05,000
Speaker 5: You can't like you say, you can't take somebody's knowledge.

823
00:39:05,040 --> 00:39:07,480
Speaker 5: Once you have the knowledge to do it, you're going

824
00:39:07,520 --> 00:39:08,040
Speaker 5: to do it again.

825
00:39:08,160 --> 00:39:10,560
Speaker 3: Well, what makes them dangerous, right, like, in terms of

826
00:39:10,680 --> 00:39:12,319
Speaker 3: being able to get that back, is that he has

827
00:39:12,400 --> 00:39:15,680
Speaker 3: knowledge and experience. It's one thing to be a coach

828
00:39:16,280 --> 00:39:18,960
Speaker 3: and coach a sport, but there's another thing to play

829
00:39:19,360 --> 00:39:21,160
Speaker 3: and being in that moment because I can now coach

830
00:39:21,160 --> 00:39:23,160
Speaker 3: from a different angle because I've been in that moment.

831
00:39:23,480 --> 00:39:26,360
Speaker 3: So we watch coaches in the NBA and there's certain

832
00:39:26,360 --> 00:39:29,000
Speaker 3: guys we look at and it's like that dude really

833
00:39:29,080 --> 00:39:31,239
Speaker 3: was never in that moment, so it's hard for him

834
00:39:31,280 --> 00:39:34,600
Speaker 3: to get across this player the significance of the moment

835
00:39:34,680 --> 00:39:37,640
Speaker 3: because he didn't do it, or certain guys are not

836
00:39:37,760 --> 00:39:41,920
Speaker 3: able to basically talk and communicate, like Michael Jordan's respect

837
00:39:42,040 --> 00:39:45,280
Speaker 3: is a terrible owner, Like he's not good at putting

838
00:39:45,280 --> 00:39:47,480
Speaker 3: the team together or gym and stuff because he was

839
00:39:47,520 --> 00:39:50,799
Speaker 3: so great, so he can't compute how everybody's not great.

840
00:39:51,360 --> 00:39:53,520
Speaker 3: But Larry Bird is able to get the most at

841
00:39:53,560 --> 00:39:56,160
Speaker 3: an Indiana Pacers all the time, and they might not

842
00:39:56,200 --> 00:39:58,880
Speaker 3: be the most talented players, but Larry Bird was the

843
00:39:58,880 --> 00:40:01,440
Speaker 3: most athletic guy he would is super smart and very skills,

844
00:40:01,440 --> 00:40:03,760
Speaker 3: so he's able to understand that and put teams together

845
00:40:03,840 --> 00:40:07,919
Speaker 3: that are not juggernauts, but they're team that you don't

846
00:40:08,120 --> 00:40:11,680
Speaker 3: we can't walk over. It's the same thing, right, Like

847
00:40:12,120 --> 00:40:16,040
Speaker 3: a person that has experience plus the knowledge base is

848
00:40:16,080 --> 00:40:18,200
Speaker 3: always going to double up faster. So if I lost

849
00:40:18,239 --> 00:40:20,680
Speaker 3: that million or whatever it is, I can get it

850
00:40:20,680 --> 00:40:22,319
Speaker 3: back faster, but not only do I have the life

851
00:40:22,360 --> 00:40:24,480
Speaker 3: experience of what I went through. So I'm gonna just

852
00:40:24,520 --> 00:40:27,680
Speaker 3: basically skip these hurdles. Right, these mistakes I've made, those

853
00:40:27,680 --> 00:40:30,080
Speaker 3: are out the way. So if I skip these hurdles

854
00:40:30,080 --> 00:40:32,640
Speaker 3: that might have cost me six months in mistakes, that's

855
00:40:32,719 --> 00:40:36,359
Speaker 3: going six months to a million whatever the number is, right,

856
00:40:36,440 --> 00:40:40,000
Speaker 3: And that's the power we have to first learn. So

857
00:40:40,040 --> 00:40:43,560
Speaker 3: we're knowledgeable and we're armed. Right, I've armed myself to

858
00:40:43,600 --> 00:40:45,920
Speaker 3: go into battle. I didn't go and I didn't run

859
00:40:46,000 --> 00:40:48,200
Speaker 3: into the battle with nothing in my hands.

860
00:40:47,880 --> 00:40:50,160
Speaker 6: To like, I'm gonna get smarter, and that's I mean,

861
00:40:50,320 --> 00:40:52,799
Speaker 6: that's what we do, right, But nobody teaches us like

862
00:40:53,280 --> 00:40:53,960
Speaker 6: especially stocks.

863
00:40:53,960 --> 00:40:56,560
Speaker 3: It's not something that is learned in school. And if

864
00:40:56,600 --> 00:40:58,719
Speaker 3: your parents have never invested in stocks, like.

865
00:40:58,880 --> 00:41:01,600
Speaker 5: We have no armor when we got So what happens

866
00:41:01,600 --> 00:41:04,319
Speaker 5: with most of the time, most middle class people in

867
00:41:04,360 --> 00:41:07,839
Speaker 5: our community especially, is that people are intimidated with things

868
00:41:07,880 --> 00:41:09,960
Speaker 5: they don't understand, they don't know right, So what ends

869
00:41:10,000 --> 00:41:11,480
Speaker 5: up happening is that if you just stay away from

870
00:41:11,520 --> 00:41:14,560
Speaker 5: it and you say it's over my head, I don't

871
00:41:14,560 --> 00:41:16,160
Speaker 5: want anything to do with it, because especially when it

872
00:41:16,160 --> 00:41:18,040
Speaker 5: comes to money, people is not going to invest in

873
00:41:18,120 --> 00:41:21,200
Speaker 5: something or that they don't understand. So this is what

874
00:41:21,280 --> 00:41:23,279
Speaker 5: the podcast is about, is to fully equip you. But

875
00:41:23,280 --> 00:41:24,799
Speaker 5: before we leave, I wanted to talk about a couple

876
00:41:24,800 --> 00:41:26,719
Speaker 5: of different ways where people can invest in stock market.

877
00:41:26,760 --> 00:41:29,640
Speaker 5: Even if okay, even if you don't want to fully

878
00:41:30,400 --> 00:41:32,840
Speaker 5: dive in and do the research and it may not

879
00:41:32,920 --> 00:41:35,480
Speaker 5: be your forte, you can still invest in stock market. Right,

880
00:41:35,480 --> 00:41:37,720
Speaker 5: There's other ways to invest. So there's like mutual funds

881
00:41:38,239 --> 00:41:41,399
Speaker 5: White People allows you to invest in stock market without

882
00:41:41,400 --> 00:41:43,719
Speaker 5: actually investing yourself, right, it's being done for you. In

883
00:41:43,719 --> 00:41:46,560
Speaker 5: a mutual fund is a company like a Franklin, Simpleton

884
00:41:46,640 --> 00:41:48,439
Speaker 5: or Oppenheim. And what they do is they pull together

885
00:41:48,520 --> 00:41:50,359
Speaker 5: let's say one hundred and fifty different stocks and one

886
00:41:50,480 --> 00:41:52,920
Speaker 5: mutual fund, and you pay a fee for that. But

887
00:41:53,160 --> 00:41:56,280
Speaker 5: you're paying a fee because they're doing the work for you, right,

888
00:41:56,320 --> 00:41:57,879
Speaker 5: So it's like a four to one kh a job

889
00:41:57,920 --> 00:42:00,960
Speaker 5: where nobody really knows the money. And then form like okay,

890
00:42:00,960 --> 00:42:03,240
Speaker 5: where it's invested. It's invested in stock market, but nobody

891
00:42:03,239 --> 00:42:04,920
Speaker 5: knows which stock is actually invested in.

892
00:42:05,000 --> 00:42:05,239
Speaker 3: Right.

893
00:42:05,480 --> 00:42:07,120
Speaker 5: The same thing with a mutual fund kind of like

894
00:42:07,120 --> 00:42:08,840
Speaker 5: you're investing in a mutual fund like it could be

895
00:42:08,880 --> 00:42:10,880
Speaker 5: a tech fund, but that tech fun might have one

896
00:42:10,960 --> 00:42:13,640
Speaker 5: hundred and fifty different stocks inside of it. Right. So

897
00:42:13,680 --> 00:42:16,040
Speaker 5: the benefit with that is that a it allows you

898
00:42:16,080 --> 00:42:18,440
Speaker 5: to invest in a low amount. It's like a lot

899
00:42:18,480 --> 00:42:20,520
Speaker 5: of times, like fifty dollars a month minimum or like

900
00:42:20,560 --> 00:42:23,080
Speaker 5: a thousand dollars a month long some So you're investing

901
00:42:23,080 --> 00:42:25,360
Speaker 5: at a pretty low entry point and you don't have

902
00:42:25,480 --> 00:42:27,239
Speaker 5: to do the work yourself, Like you don't have to

903
00:42:27,280 --> 00:42:29,279
Speaker 5: research you you know it's being done for you. And

904
00:42:29,280 --> 00:42:32,080
Speaker 5: the another way to invest is an index fund. Right,

905
00:42:32,120 --> 00:42:35,480
Speaker 5: So an indexed fund, you know, attracts an index. So

906
00:42:35,520 --> 00:42:37,719
Speaker 5: we have like the S and P five hundred or

907
00:42:37,960 --> 00:42:40,480
Speaker 5: dal Jones and that's pretty much like a microcosm of

908
00:42:40,520 --> 00:42:44,040
Speaker 5: the stock market. And so instead of you trying to

909
00:42:44,040 --> 00:42:47,200
Speaker 5: pick stocks yourself, you're just investing in a broader stock

910
00:42:47,239 --> 00:42:50,480
Speaker 5: market as a whole. And that's another way where it's

911
00:42:50,520 --> 00:42:53,160
Speaker 5: it's passive, right because you're not actually doing the work,

912
00:42:53,160 --> 00:42:57,080
Speaker 5: it's just mirroring the actual market. So I say those

913
00:42:57,120 --> 00:43:00,160
Speaker 5: those two ways in particular because we want everybody to

914
00:43:00,160 --> 00:43:05,080
Speaker 5: get involved in investing, and we encourage you to learn

915
00:43:05,120 --> 00:43:06,600
Speaker 5: and to do it yourself if you would like to.

916
00:43:06,719 --> 00:43:09,200
Speaker 5: But if not, that's still not an excuse no to

917
00:43:09,239 --> 00:43:11,280
Speaker 5: not invest because you can still invest in a stock

918
00:43:11,360 --> 00:43:14,640
Speaker 5: market without actually having to pick the stocks or do

919
00:43:15,080 --> 00:43:15,760
Speaker 5: the work yourself.

920
00:43:15,840 --> 00:43:19,640
Speaker 3: Right. I think the idea really is on a daily basis,

921
00:43:19,640 --> 00:43:23,759
Speaker 3: are you challenging yourself? Right? Are you today? I go

922
00:43:23,800 --> 00:43:25,600
Speaker 3: to sleep and then I'll wake up tomorrow and my

923
00:43:25,719 --> 00:43:28,120
Speaker 3: better version of myself and all assets of life. Right, Like,

924
00:43:28,520 --> 00:43:32,080
Speaker 3: forget finance, just aspects of challenging yourself. And when you

925
00:43:32,120 --> 00:43:35,640
Speaker 3: start to challenge yourself, the reward comes right slowly, but

926
00:43:35,719 --> 00:43:37,680
Speaker 3: show It's like if I want to lose weight. Sometimes

927
00:43:37,680 --> 00:43:39,040
Speaker 3: I look in the mirror and it's like, well, I'm

928
00:43:39,040 --> 00:43:40,879
Speaker 3: not losing weight, and this mighty see you go, hey man,

929
00:43:41,080 --> 00:43:42,839
Speaker 3: losing weight And it's like I didn't know this because

930
00:43:42,840 --> 00:43:45,320
Speaker 3: I see myself every day, so I will never notice

931
00:43:45,360 --> 00:43:50,440
Speaker 3: the micro changes in myself. But in this kind of forum,

932
00:43:50,880 --> 00:43:53,000
Speaker 3: the ideas that get better every day. And the great

933
00:43:53,000 --> 00:43:55,320
Speaker 3: thing about the stock market, and the great thing about

934
00:43:56,000 --> 00:43:58,400
Speaker 3: all the things you're speaking about is that it's tangible.

935
00:43:58,480 --> 00:44:01,200
Speaker 3: We can feel it, we can read, we can touch it. Right.

936
00:44:01,200 --> 00:44:03,319
Speaker 3: I can go to a Verizon store, I can walk

937
00:44:03,360 --> 00:44:05,680
Speaker 3: into a Nike store. I can tangib I can feel

938
00:44:05,719 --> 00:44:07,560
Speaker 3: it if I also can put up an article from

939
00:44:07,560 --> 00:44:10,759
Speaker 3: the Wall Street Journal, or I can donate my money, right,

940
00:44:10,920 --> 00:44:13,520
Speaker 3: I consider a donation. Right, So when I say donate money,

941
00:44:13,760 --> 00:44:15,759
Speaker 3: you have to pay for the worsh Journal. But I'm

942
00:44:15,800 --> 00:44:19,400
Speaker 3: donating to my knowledge. Right, I'm donating money to my

943
00:44:20,360 --> 00:44:23,080
Speaker 3: knowledge fund. And then when I pay for betterers, I'm

944
00:44:23,120 --> 00:44:26,799
Speaker 3: donating money to mine. I'm donating time to my knowledge.

945
00:44:26,840 --> 00:44:30,560
Speaker 3: That's what I'm investing in myself to make myself better,

946
00:44:30,960 --> 00:44:33,360
Speaker 3: because the better I am, the more I can do

947
00:44:33,400 --> 00:44:36,239
Speaker 3: for other people. Right. So part of my journey was

948
00:44:36,440 --> 00:44:39,400
Speaker 3: that I understood when I got into the game was

949
00:44:40,040 --> 00:44:42,319
Speaker 3: the better I do, the more I can do for

950
00:44:42,400 --> 00:44:45,040
Speaker 3: people who don't know, because they're gonna trust me because

951
00:44:45,040 --> 00:44:47,399
Speaker 3: they figure, well, you work in this field, so I'm

952
00:44:47,400 --> 00:44:48,759
Speaker 3: gonna trust you the certain way. I go to my

953
00:44:48,840 --> 00:44:50,600
Speaker 3: dentists and they say, well you need this, and I

954
00:44:50,640 --> 00:44:53,840
Speaker 3: always tell them you are professional. I'm gonna do what

955
00:44:53,880 --> 00:44:56,239
Speaker 3: I'm told, but I also want to learn becaum not

956
00:44:56,320 --> 00:44:58,239
Speaker 3: trying to just have dental work done for no reason.

957
00:44:58,280 --> 00:45:01,240
Speaker 3: So I'm gonna ask questions as to why that's happening.

958
00:45:01,719 --> 00:45:04,160
Speaker 3: And you can now tell me, I'm gonna learn. So

959
00:45:04,239 --> 00:45:07,520
Speaker 3: the same thing premise holds true for this is any

960
00:45:07,640 --> 00:45:11,239
Speaker 3: money or time you're donating to investing yourself. So these

961
00:45:11,239 --> 00:45:14,320
Speaker 3: platforms also cost money. Let's not forget that this stuff

962
00:45:14,360 --> 00:45:16,839
Speaker 3: isn't free. It's not free to be knowledgeable, and it's

963
00:45:16,840 --> 00:45:20,040
Speaker 3: not free to just become an expert in something. It

964
00:45:20,080 --> 00:45:23,680
Speaker 3: takes sweat, equity and time right in years, months, days,

965
00:45:23,719 --> 00:45:26,560
Speaker 3: whatever you want to do, and it takes a financial investment.

966
00:45:27,040 --> 00:45:30,640
Speaker 3: And I'm gonna waste twenty bucks thirty bucks on stuff

967
00:45:30,640 --> 00:45:33,200
Speaker 3: I don't need right, no week and do everything. We

968
00:45:33,239 --> 00:45:35,960
Speaker 3: always waste money, so we always find a reason. We

969
00:45:35,960 --> 00:45:38,720
Speaker 3: can always find a reason why we should buy something.

970
00:45:39,280 --> 00:45:41,600
Speaker 3: Oh man them Jordans on sale, you know they did

971
00:45:41,640 --> 00:45:44,399
Speaker 3: with three hundred. I put them for one fifty. Found

972
00:45:44,440 --> 00:45:46,919
Speaker 3: the reason I didn't need them, and this difference between

973
00:45:46,920 --> 00:45:49,560
Speaker 3: the need and the want. Same thing with this, these

974
00:45:49,600 --> 00:45:53,000
Speaker 3: platforms cost money. Well lost your journally costs money. Barrens

975
00:45:53,000 --> 00:45:56,480
Speaker 3: cost money financial terms for x financial times. Excuse me

976
00:45:56,960 --> 00:46:01,160
Speaker 3: costs money. The Economists costs money to subscribe yearly. Basis,

977
00:46:02,080 --> 00:46:04,719
Speaker 3: this isn't like a chore, and if it is, it's

978
00:46:04,760 --> 00:46:06,799
Speaker 3: not for you, right because you got to invest in

979
00:46:06,800 --> 00:46:08,680
Speaker 3: yourself the same way you invest in your clothes and

980
00:46:08,680 --> 00:46:11,359
Speaker 3: stuff that you might not have in five years. Right,

981
00:46:11,400 --> 00:46:13,439
Speaker 3: you might not have those pairs stinkers in five years.

982
00:46:13,680 --> 00:46:16,120
Speaker 3: But that knowledge in the article or you got that,

983
00:46:16,480 --> 00:46:19,080
Speaker 3: you got that for a long time, just really quickly.

984
00:46:20,239 --> 00:46:23,279
Speaker 5: The knowledge of the podcast yeah too, which is free.

985
00:46:24,760 --> 00:46:26,480
Speaker 6: I just want to touch it because, like you said,

986
00:46:26,520 --> 00:46:28,680
Speaker 6: like not having the armor is one thing, and investing

987
00:46:28,760 --> 00:46:31,000
Speaker 6: yourself as far as literature and reading, Like in two

988
00:46:31,040 --> 00:46:34,719
Speaker 6: thousand and seven, Rashad and a good friend about Jama

989
00:46:34,760 --> 00:46:37,560
Speaker 6: and my brother Grat we started a company called Money

990
00:46:37,560 --> 00:46:42,160
Speaker 6: through invest In and so you know we were into business, right.

991
00:46:42,239 --> 00:46:43,880
Speaker 3: We didn't have no tools. We were just trying to

992
00:46:43,960 --> 00:46:46,960
Speaker 3: learn on our own. And I subscribed to all these magazines.

993
00:46:47,000 --> 00:46:50,200
Speaker 6: I read BusinessWeek and I got this great article and

994
00:46:50,280 --> 00:46:51,879
Speaker 6: it was like, you know, things you should look into,

995
00:46:51,960 --> 00:46:53,439
Speaker 6: So like that was the first thing out there looking

996
00:46:53,440 --> 00:46:56,360
Speaker 6: at it, like what.

997
00:46:55,480 --> 00:46:56,600
Speaker 3: Are my interests? Right?

998
00:46:56,640 --> 00:46:59,480
Speaker 6: So I saw Apple and this is prior to the

999
00:46:59,520 --> 00:47:02,160
Speaker 6: iPhone come out yet, And I saw this company called Badu,

1000
00:47:02,600 --> 00:47:04,680
Speaker 6: which was like the Chinese version of Google. I'm like,

1001
00:47:04,680 --> 00:47:06,960
Speaker 6: all right, Google's been China. This this is gonna be next,

1002
00:47:07,000 --> 00:47:09,040
Speaker 6: and then that's what China mo. I'm like, great, I'm

1003
00:47:09,080 --> 00:47:11,359
Speaker 6: gonna invest in these all right, bo, So I did it.

1004
00:47:11,719 --> 00:47:13,640
Speaker 6: I was like, the album's gonna be huge prior to

1005
00:47:13,800 --> 00:47:16,560
Speaker 6: it being released. And it was great for the first

1006
00:47:16,560 --> 00:47:20,040
Speaker 6: six months, and then two thousand and eight barcking crash

1007
00:47:20,320 --> 00:47:23,759
Speaker 6: and I got scared and I took all my money out, but.

1008
00:47:23,719 --> 00:47:24,480
Speaker 5: I still watched.

1009
00:47:24,680 --> 00:47:27,399
Speaker 6: I was still watching from the sideline, and I saw

1010
00:47:27,560 --> 00:47:30,359
Speaker 6: like companies go up sevenfold, and I'm like, oh my gosh.

1011
00:47:30,440 --> 00:47:32,399
Speaker 3: And then they did something called a split. You want

1012
00:47:32,400 --> 00:47:35,200
Speaker 3: to plain what it split is? So stock split? Could

1013
00:47:35,200 --> 00:47:37,680
Speaker 3: they either they do a reverse dock split or they

1014
00:47:37,680 --> 00:47:39,600
Speaker 3: can stock split. Right, So if you have one share

1015
00:47:40,040 --> 00:47:41,880
Speaker 3: and let's say this shares one hundred dollars, and the

1016
00:47:41,920 --> 00:47:44,440
Speaker 3: companies says, we're doing a four to one stock split,

1017
00:47:44,960 --> 00:47:48,120
Speaker 3: now you have four shares at twenty five dollars, right,

1018
00:47:48,160 --> 00:47:50,480
Speaker 3: and the reverse Dosplat's like, we're going to make those

1019
00:47:50,520 --> 00:47:52,480
Speaker 3: four shares one hundred dollars, right, So you have four

1020
00:47:52,600 --> 00:47:55,080
Speaker 3: twenty five dollars shares. Now you have one share of

1021
00:47:55,120 --> 00:47:58,520
Speaker 3: one hundred dollars. Companies do it for a multitude of reasons,

1022
00:47:58,600 --> 00:48:01,480
Speaker 3: whether it is to create ball, right, because the stock

1023
00:48:01,520 --> 00:48:04,359
Speaker 3: market doesn't supply and demand. Why is the stock called

1024
00:48:04,400 --> 00:48:06,040
Speaker 3: so much? Whether there's not a lot of volume, whether

1025
00:48:06,040 --> 00:48:07,520
Speaker 3: there's not a lot of shares that are out there

1026
00:48:07,560 --> 00:48:09,799
Speaker 3: that you can obtain, So the price goes up the

1027
00:48:09,840 --> 00:48:13,200
Speaker 3: same way that if like a sneaker comes out and

1028
00:48:13,239 --> 00:48:15,239
Speaker 3: then it gets sold out and it's two hundred dollars

1029
00:48:15,280 --> 00:48:16,920
Speaker 3: a Nike, but then you go on stock X and

1030
00:48:16,960 --> 00:48:19,840
Speaker 3: it's five hundred beans, you're like, yo, but that's the

1031
00:48:19,920 --> 00:48:22,839
Speaker 3: value because there's only so many shoes, and Liverson knows that,

1032
00:48:23,000 --> 00:48:25,640
Speaker 3: and they're going to raise the price. That's the same thing

1033
00:48:25,640 --> 00:48:28,799
Speaker 3: in the stock market. Sometimes the companies right will buy

1034
00:48:28,880 --> 00:48:30,880
Speaker 3: back shares of their stock to take them off of

1035
00:48:30,920 --> 00:48:33,919
Speaker 3: the market. By buying back the shares of their stock,

1036
00:48:33,960 --> 00:48:36,400
Speaker 3: I'm taking them off the market. It creates right, It

1037
00:48:36,440 --> 00:48:39,480
Speaker 3: creates a more demand for the stock because there's less

1038
00:48:39,480 --> 00:48:41,200
Speaker 3: of supply out there for me to get my hands on.

1039
00:48:41,360 --> 00:48:44,200
Speaker 3: So intrinsically it will raise the price of the stock

1040
00:48:44,320 --> 00:48:46,600
Speaker 3: or hopefully raise the price to the stock. Right, and

1041
00:48:46,840 --> 00:48:49,120
Speaker 3: raising the price of stock gives it a different profile.

1042
00:48:49,520 --> 00:48:51,879
Speaker 3: If a stock is trading at one hundred and fifty

1043
00:48:51,960 --> 00:48:54,960
Speaker 3: dollars a share has a different profile than the stock

1044
00:48:55,000 --> 00:48:57,319
Speaker 3: that's trading at five dollars a share. We're not even

1045
00:48:57,360 --> 00:48:59,359
Speaker 3: discussing the company. It decides to have what looks from

1046
00:48:59,360 --> 00:49:03,360
Speaker 3: the inside outside in. And so sometimes companies want to

1047
00:49:03,400 --> 00:49:05,759
Speaker 3: go from being Nike to Louis right, or from Louis

1048
00:49:05,800 --> 00:49:09,600
Speaker 3: to Nike right accessibility in terms of their demographic the

1049
00:49:09,640 --> 00:49:13,600
Speaker 3: customers will say. Some companies might say, hey, we're trading

1050
00:49:13,600 --> 00:49:15,759
Speaker 3: this seven hundred dollars a year, and we want to

1051
00:49:15,800 --> 00:49:18,800
Speaker 3: make our stock more accessible to people who can afford

1052
00:49:18,840 --> 00:49:21,319
Speaker 3: this range, say from one to fifty two hundred, right,

1053
00:49:21,400 --> 00:49:24,279
Speaker 3: And by doing the stock split or buying back these

1054
00:49:24,320 --> 00:49:27,839
Speaker 3: shares or different ideas they have, they're acting on what

1055
00:49:27,880 --> 00:49:29,719
Speaker 3: they think is best for their company. And again it

1056
00:49:29,800 --> 00:49:33,640
Speaker 3: kind of all ties into the ecosystem and everybody is

1057
00:49:33,680 --> 00:49:36,600
Speaker 3: going to do what's best for what for them and

1058
00:49:37,160 --> 00:49:42,719
Speaker 3: who makes a decisions CEOs CFOs coos right, and the

1059
00:49:42,760 --> 00:49:44,400
Speaker 3: perception of the stock on the market.

1060
00:49:45,440 --> 00:49:48,440
Speaker 5: Yeah, man, that's it's powerful. Man. Once again, we want

1061
00:49:48,480 --> 00:49:50,200
Speaker 5: to want to thank you for coming. And once again,

1062
00:49:50,680 --> 00:49:55,239
Speaker 5: this all comes back to what we always say is relationships. Right,

1063
00:49:55,320 --> 00:49:57,640
Speaker 5: Like as far as all the guests, people that we

1064
00:49:57,760 --> 00:50:00,880
Speaker 5: know personally or people that we've developed relationship recently. So

1065
00:50:01,640 --> 00:50:04,480
Speaker 5: me and Quinn go back a long time, so you

1066
00:50:04,560 --> 00:50:06,880
Speaker 5: know now to see him do his thing in finance

1067
00:50:07,000 --> 00:50:10,960
Speaker 5: is encouraging and once again, collaboration is better than competition

1068
00:50:11,080 --> 00:50:14,840
Speaker 5: like a man match, you know, so it makes sense

1069
00:50:14,920 --> 00:50:18,960
Speaker 5: to work across, right, And you know it's dope that

1070
00:50:19,040 --> 00:50:21,000
Speaker 5: you know, we invited them all and he had no

1071
00:50:21,040 --> 00:50:24,319
Speaker 5: problem coming on and giving his area of expertise, and

1072
00:50:24,360 --> 00:50:26,040
Speaker 5: this is what all of our guests have been doing,

1073
00:50:26,080 --> 00:50:28,960
Speaker 5: which is just really dope. So you know this is

1074
00:50:29,080 --> 00:50:31,759
Speaker 5: just you know, this is due the whole relationship and

1075
00:50:31,840 --> 00:50:33,200
Speaker 5: we know personally, right.

1076
00:50:33,080 --> 00:50:35,520
Speaker 3: So with your champion each other, yeah, not for sure.

1077
00:50:35,600 --> 00:50:37,640
Speaker 5: So you know that just lets you you guys know,

1078
00:50:37,640 --> 00:50:40,440
Speaker 5: wherever you're at in the world and your geographic location

1079
00:50:40,560 --> 00:50:43,560
Speaker 5: or whatever, develop those relationships. Relationships work more than money

1080
00:50:43,600 --> 00:50:45,560
Speaker 5: because ultimately, like you said, money's gonna come and go,

1081
00:50:45,680 --> 00:50:49,960
Speaker 5: but the knowledge and the relationships that you have can

1082
00:50:50,040 --> 00:50:52,360
Speaker 5: last a lifetime and you never know when somebody you

1083
00:50:52,360 --> 00:50:54,960
Speaker 5: know can help or when you can help somebody. So

1084
00:50:55,719 --> 00:50:59,480
Speaker 5: it's just beneficial. So do you have any initiatives that

1085
00:51:00,120 --> 00:51:03,200
Speaker 5: you are doing or anything that you want to make

1086
00:51:03,200 --> 00:51:04,400
Speaker 5: the public aware of anything.

1087
00:51:04,920 --> 00:51:08,759
Speaker 3: I'm in the future. I'm putting together some business and

1088
00:51:08,960 --> 00:51:13,120
Speaker 3: entrepreneur I want to say, workshops that will be accessible,

1089
00:51:13,400 --> 00:51:18,040
Speaker 3: you know, to our community, first Western County, I want

1090
00:51:18,080 --> 00:51:21,400
Speaker 3: to say, and trying to bring together some intelligent minds

1091
00:51:21,400 --> 00:51:24,680
Speaker 3: from different industries so that the youth are exposed to

1092
00:51:24,719 --> 00:51:28,560
Speaker 3: this and they understand that there is opportunity in different aspects.

1093
00:51:28,600 --> 00:51:32,760
Speaker 3: Like for me, I wasn't aware that these jobs existed

1094
00:51:32,800 --> 00:51:34,839
Speaker 3: growing up. Like I said, I thought, okay, I'm going

1095
00:51:34,880 --> 00:51:36,840
Speaker 3: to the league or you know, you can be a

1096
00:51:36,880 --> 00:51:39,840
Speaker 3: doctor or a lawyer. But there's a vast amount of

1097
00:51:39,920 --> 00:51:42,520
Speaker 3: jobs and the vast amount of opportunities absolutely, and it

1098
00:51:42,520 --> 00:51:45,759
Speaker 3: comes down to exposure. So a big initiative for me

1099
00:51:45,960 --> 00:51:48,000
Speaker 3: this year is really kind of getting my hands more

1100
00:51:48,040 --> 00:51:51,280
Speaker 3: in the dirt and being able to provide resources as

1101
00:51:51,320 --> 00:51:54,560
Speaker 3: far as my knowledge and then my relationships and bringing

1102
00:51:54,600 --> 00:51:57,240
Speaker 3: into the youth and saying, hey, these are your options.

1103
00:51:57,239 --> 00:51:59,840
Speaker 3: If you stated of course, if you go to class

1104
00:52:00,040 --> 00:52:02,080
Speaker 3: and you do the best you can and you build

1105
00:52:02,080 --> 00:52:04,560
Speaker 3: these habits, now you don't have a problem when you

1106
00:52:04,600 --> 00:52:07,719
Speaker 3: get older. The difficulty is when you don't build these

1107
00:52:07,760 --> 00:52:11,360
Speaker 3: habits as a youth or a teen or early the

1108
00:52:11,440 --> 00:52:13,879
Speaker 3: early twenties, and now you're thirty something and you don't

1109
00:52:13,880 --> 00:52:17,680
Speaker 3: have the armor to battle, right, And so we have

1110
00:52:17,760 --> 00:52:22,080
Speaker 3: to arm ourselves with knowledge, work, ethic, and habits to

1111
00:52:22,160 --> 00:52:24,600
Speaker 3: be able to be successful in this world because it's competitive,

1112
00:52:25,120 --> 00:52:28,359
Speaker 3: and that's just the general basis of well and get

1113
00:52:28,360 --> 00:52:30,600
Speaker 3: out there to the youth. I think it's super important,

1114
00:52:30,680 --> 00:52:33,960
Speaker 3: especially minorities, because these are things we're not privy to.

1115
00:52:34,640 --> 00:52:38,000
Speaker 3: These are things that we see on TV, and sometimes

1116
00:52:38,000 --> 00:52:41,400
Speaker 3: we don't feel from a self standpoint it's obtainable. But

1117
00:52:41,440 --> 00:52:43,759
Speaker 3: if I can put in front of you people of

1118
00:52:43,880 --> 00:52:47,280
Speaker 3: color and people who are minorities who have climbing these mountains,

1119
00:52:47,360 --> 00:52:50,200
Speaker 3: who are still climbing these mountains, who are still going

1120
00:52:50,239 --> 00:52:53,880
Speaker 3: through their process to be great in their legacy, and

1121
00:52:54,040 --> 00:52:56,880
Speaker 3: show you that it is obtainable, I think that's important.

1122
00:52:57,040 --> 00:52:59,680
Speaker 3: And that's what we said on the last episode is representation, Right,

1123
00:53:00,160 --> 00:53:01,960
Speaker 3: if you see it, then you.

1124
00:53:01,480 --> 00:53:03,520
Speaker 6: Most likely feel like you can be it. Then we

1125
00:53:03,640 --> 00:53:06,759
Speaker 6: don't see people in other fields. So I'm happy that

1126
00:53:06,800 --> 00:53:08,399
Speaker 6: you said that, and we got some stuff that we're

1127
00:53:08,400 --> 00:53:09,759
Speaker 6: working on this summer, so that's gonna be dope.

1128
00:53:09,760 --> 00:53:10,680
Speaker 3: We definitely have you.

1129
00:53:11,040 --> 00:53:14,000
Speaker 5: Yeah, we definitely want to have you well stuff together

1130
00:53:14,040 --> 00:53:17,200
Speaker 5: for sure. And one thing that Comunity said that was

1131
00:53:17,200 --> 00:53:20,680
Speaker 5: was vital is he said, all of this this information

1132
00:53:20,880 --> 00:53:23,560
Speaker 5: is an investment in yourself, right and you know as

1133
00:53:23,560 --> 00:53:25,840
Speaker 5: far as a platform to invest in yourself and to

1134
00:53:25,920 --> 00:53:28,879
Speaker 5: give a donation to your to your learning. So that

1135
00:53:28,960 --> 00:53:33,480
Speaker 5: leads me to our Patreon. Sure, Patreon, Yes, yes, Patreon

1136
00:53:33,560 --> 00:53:36,040
Speaker 5: is a way to financially support the podcast because yeah,

1137
00:53:36,080 --> 00:53:38,600
Speaker 5: we we're one of the few places where you can

1138
00:53:38,640 --> 00:53:42,799
Speaker 5: actually get information for free, but we were able to

1139
00:53:42,840 --> 00:53:46,799
Speaker 5: give more people information and do more things as we

1140
00:53:46,880 --> 00:53:49,359
Speaker 5: financially grow as well. So the Patreon is a way

1141
00:53:49,440 --> 00:53:52,239
Speaker 5: to be proud to pay as our guy, Nipsey the

1142
00:53:52,239 --> 00:53:56,360
Speaker 5: Great once championed with his uh mixtape campaign for the

1143
00:53:56,400 --> 00:53:59,320
Speaker 5: Pay where he gave the mixtape away on streaming service

1144
00:53:59,360 --> 00:54:01,520
Speaker 5: for free, but he also had a level where you

1145
00:54:01,520 --> 00:54:04,799
Speaker 5: could pay think up to one hundred dollars and a

1146
00:54:04,840 --> 00:54:06,719
Speaker 5: lot of people. It sold out because people what they

1147
00:54:06,760 --> 00:54:09,440
Speaker 5: were encouraged by him and they were, you know, proud

1148
00:54:09,480 --> 00:54:12,160
Speaker 5: to financially support him. So that's kind of what we

1149
00:54:12,200 --> 00:54:13,000
Speaker 5: have with the patreons.

1150
00:54:13,360 --> 00:54:15,560
Speaker 6: Patreon has been pretty dope, man. We've reached out to

1151
00:54:15,640 --> 00:54:18,719
Speaker 6: some people we've had great dialogue. We've got some video

1152
00:54:18,760 --> 00:54:22,400
Speaker 6: conference calls that were great, like people just picking our

1153
00:54:22,440 --> 00:54:24,800
Speaker 6: brains and avenues that we didn't even expect.

1154
00:54:24,800 --> 00:54:25,560
Speaker 3: But it's dope.

1155
00:54:25,640 --> 00:54:28,439
Speaker 6: You know, people want us to come out to their city,

1156
00:54:28,560 --> 00:54:31,120
Speaker 6: so like, yeah, keep supporting Patreon. We have some new

1157
00:54:31,160 --> 00:54:34,600
Speaker 6: members up and we have a few new video conference calls.

1158
00:54:34,760 --> 00:54:37,000
Speaker 6: So shout out to Savannah and Ta we'll be in

1159
00:54:37,040 --> 00:54:40,319
Speaker 6: contact with you this week. But yeah, keep shout out

1160
00:54:40,360 --> 00:54:43,040
Speaker 6: to Cody and uh Terry. We had a close with

1161
00:54:43,080 --> 00:54:45,839
Speaker 6: them and we're gonna do some work together. So that's dope.

1162
00:54:45,840 --> 00:54:48,120
Speaker 6: We just keep networking looking across. Like Quinn said, man,

1163
00:54:48,360 --> 00:54:51,040
Speaker 6: sometimes your neighbor could be doing amazing things you have

1164
00:54:51,080 --> 00:54:54,040
Speaker 6: no idea, So it's important to network and reach across

1165
00:54:54,040 --> 00:54:54,359
Speaker 6: for sure.

1166
00:54:54,400 --> 00:54:57,040
Speaker 5: Yeah, for sure, And don't forget the merch will be

1167
00:54:57,800 --> 00:55:00,319
Speaker 5: having some new items come out very soon. But right

1168
00:55:00,360 --> 00:55:02,800
Speaker 5: now we have the signature I actually have the assets

1169
00:55:02,840 --> 00:55:05,680
Speaker 5: of a liability shirt. This is our signature shirt. We

1170
00:55:05,719 --> 00:55:08,120
Speaker 5: have the hoodie, we have dad hats, we have the

1171
00:55:08,239 --> 00:55:10,680
Speaker 5: crap top hoodies for the ladies. So not all kinds

1172
00:55:10,719 --> 00:55:13,640
Speaker 5: of stuff going on with that Season two soon come, yes, yes,

1173
00:55:13,800 --> 00:55:16,520
Speaker 5: so yeah, cop the merch and then before I leave,

1174
00:55:16,600 --> 00:55:18,480
Speaker 5: I give a book tip. So today I'm go through

1175
00:55:18,480 --> 00:55:20,919
Speaker 5: two book tips. Since we talked about stocks, I would

1176
00:55:20,960 --> 00:55:24,040
Speaker 5: be remiss if I didn't mention the book How to

1177
00:55:24,040 --> 00:55:26,279
Speaker 5: Make Money in Stock Market or how to Make Money

1178
00:55:26,280 --> 00:55:29,680
Speaker 5: in Stocks by William O'Neill. You a readouble I have not.

1179
00:55:29,960 --> 00:55:32,240
Speaker 3: Okay, that's my audible player.

1180
00:55:33,480 --> 00:55:36,440
Speaker 5: I suggest everybody to read that book. Is the first

1181
00:55:36,440 --> 00:55:39,560
Speaker 5: book that I actually read about stocks, and it's very

1182
00:55:39,600 --> 00:55:42,920
Speaker 5: easy to read, and it explains stocks in a very

1183
00:55:43,239 --> 00:55:48,240
Speaker 5: understandable and very easy way to digest. And then also

1184
00:55:48,520 --> 00:55:51,960
Speaker 5: anybody that's interested in the music business, yes, yes, so

1185
00:55:52,440 --> 00:55:55,440
Speaker 5: the book act like a label, think like a manager.

1186
00:55:56,040 --> 00:56:00,000
Speaker 5: And this is written by none other than the producer

1187
00:56:00,239 --> 00:56:04,400
Speaker 5: of our podcast, CEO Sid. So if you're interested in

1188
00:56:04,440 --> 00:56:06,480
Speaker 5: the music business or just in goodness in general, but

1189
00:56:06,520 --> 00:56:09,480
Speaker 5: definitely if you're interested in the music business, check it out.

1190
00:56:09,880 --> 00:56:13,680
Speaker 5: You can go to Facebook, dot com, backslash CEO sid

1191
00:56:13,760 --> 00:56:18,040
Speaker 5: or Twitter or Instagram ceo Slate. We'll put the links

1192
00:56:18,120 --> 00:56:20,200
Speaker 5: up on the on the YouTube. But yeah, if you're

1193
00:56:20,200 --> 00:56:21,920
Speaker 5: interested in getting to the rap game, get into the

1194
00:56:22,000 --> 00:56:24,279
Speaker 5: R and B game. Like we always say, it's one

1195
00:56:24,360 --> 00:56:26,640
Speaker 5: thing to play the game. It's another thing to actually

1196
00:56:26,640 --> 00:56:28,759
Speaker 5: play the game efficiently and to know the rules of

1197
00:56:28,800 --> 00:56:31,719
Speaker 5: the game and knowledge. Going back to the stock mart, right,

1198
00:56:31,719 --> 00:56:33,080
Speaker 5: you got to have the knowledge of what you're doing.

1199
00:56:33,160 --> 00:56:36,480
Speaker 5: So check those two books out. Thank you guys for

1200
00:56:36,600 --> 00:56:38,000
Speaker 5: rocking with us, and we'll see you next week.

1201
00:56:38,040 --> 00:57:07,759
Speaker 1: Please please, Coach, The energy out there felt different. What

1202
00:57:07,960 --> 00:57:08,959
Speaker 1: changed for the team today?

1203
00:57:09,120 --> 00:57:11,800
Speaker 2: It was the new game Day scratches from the California Lottery.

1204
00:57:11,920 --> 00:57:12,760
Speaker 3: Play is everything.

1205
00:57:13,080 --> 00:57:15,040
Speaker 2: Those games sent the team's energy through the roof.

1206
00:57:15,120 --> 00:57:17,080
Speaker 1: Are you saying it was the off field play that

1207
00:57:17,160 --> 00:57:18,280
Speaker 1: made the difference on the field.

1208
00:57:18,360 --> 00:57:21,120
Speaker 2: Hey, little play makes your day, and today it made

1209
00:57:21,120 --> 00:57:22,520
Speaker 2: the game. That's awfu.

1210
00:57:22,600 --> 00:57:24,040
Speaker 3: Now, coach one more question.

1211
00:57:24,200 --> 00:57:27,040
Speaker 4: Played the new Los Angeles Chargers, San Francisco forty nine

1212
00:57:27,120 --> 00:57:30,160
Speaker 4: Ers and Los Angeles Rams Scratchers from the California Lottery.

1213
00:57:30,280 --> 00:57:33,440
Speaker 4: A little play can make your day. Peace play responsibly.

1214
00:57:33,480 --> 00:57:35,040
Speaker 4: Must be eighteen years or older to purchase play or

1215
00:57:35,040 --> 00:57:35,360
Speaker 4: claim