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Speaker 1: I'm with Lucas, Black Tech, Green Money. It's so good

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Speaker 1: to be here at Winston Salem State University. Winston Salem

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Speaker 1: makes some noise. Man, this is gonna be on the podcast.

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Speaker 1: Y'all better make some more noise and mose. So I

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Speaker 1: like that. I like that. Kudos to Stay Farm for

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Speaker 1: partnering with us at Black Effect for this financial literacy

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Speaker 1: road show. Big up to State farre y'all makes no

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Speaker 1: noise for them. Absolutely, today, I have the honor and

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Speaker 1: privilege talking to a man who is super interested in

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Speaker 1: you guys and making sure that you guys have the knowledge,

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Speaker 1: insights and etc. To get the bag and keep the

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Speaker 1: bag and grow the bag. Y'all. Anybody interested in that?

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Speaker 1: Anybody in the room, Yes, I know I am. I'm

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Speaker 1: here to learn too. So I want to introduce Benjamin Holmes.

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Speaker 1: Ben Holmes, We're gonna have fun today. He is a

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Speaker 1: vice president Enterprise credit risk Management at Wells Fargo, previously

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Speaker 1: at Bank of America. Y'all welcome, been to the stage. So,

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Speaker 1: first of all, that's a long title, and I want

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Speaker 1: you to tell us what that means enterprise credit risk management,

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Speaker 1: Like what do you do day to day?

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Speaker 2: Absolutely? So first and foremost, man, I just want to

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Speaker 2: say thank you to you Will for allowing me the

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Speaker 2: opportunity to come and provides a little insight here today.

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Speaker 2: Number two, just in regards to to my career, Man,

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Speaker 2: one of the main things that I really focus on

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Speaker 2: from a day to day is evaluating risk. And it

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Speaker 2: kind of stems from my personality type number one, because

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Speaker 2: I like to try to always analyze decision making and

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Speaker 2: things of that nature. But I essentially get paid to

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Speaker 2: read as many articles all day as possible to understand

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Speaker 2: how that's going to impact finances, how that's going to

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Speaker 2: impact our banks balance sheet, and try to ensure that

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Speaker 2: we're having the right conversations internally to prevent us from

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Speaker 2: a collapse or any type of overexposure.

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Speaker 1: So what's interesting about banking, and I was talking to

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Speaker 1: another banker about this recently, is we have this idea

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Speaker 1: specifically in our communities growing up, about you know, being

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Speaker 1: afraid of banks and going to check cashing places and

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Speaker 1: things like that because we didn't have their banking relationships.

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Speaker 1: And I learned this in my adult years, which was

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Speaker 1: shocking to me. That banks want to give you money,

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Speaker 1: absolutely they want to, but they can't always because we're

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Speaker 1: not always in a position to get the money. So

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Speaker 1: can you talk about how banks actually grow and what

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Speaker 1: their incentive is to invest into people.

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Speaker 2: Well, banks get paid two ways. Number One, they get

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Speaker 2: paid off the the fees that they charge you, either

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Speaker 2: it being overstraft fees or transaction fees or things of

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Speaker 2: that nature. And they get paid off the interest that

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Speaker 2: they make when they lend out your money. So whenever

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Speaker 2: you're going in to deposit your money into a bank,

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Speaker 2: whether it be Wells, Fargo Bank for America, Trueste, whatever

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Speaker 2: one you decide to choose, they're taking that money and

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Speaker 2: then lending it to someone else for your mortgages, for.

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Speaker 1: Your car notes, someone else could be you.

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Speaker 2: Yep, we'll lend it right back to essentially right at

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Speaker 2: a at a set fee, and they take that money

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Speaker 2: and that's how they they build revenue through throughout their

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Speaker 2: their income statement.

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Speaker 1: So if they're not loaning money, they're not making money.

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Speaker 2: Yeah, they're not loaning money. They're not making money for sure.

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Speaker 1: And so what are the something typical things that you

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Speaker 1: find are the reasons we can't establish those relationships successfully.

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Speaker 2: Honestly, it really boils down to credit I mean there

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Speaker 2: are a lot of different conversations too we can have

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Speaker 2: on top of credit, as far as like having access,

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Speaker 2: having the ability to have the right conversations with the

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Speaker 2: right mortgage advisors and things, or loan officers and things

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Speaker 2: of that nature. But if a bank sees that they've

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Speaker 2: done your credit profile and you are a less risk

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Speaker 2: adverse person to borrow money, they're gonna want to allow

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Speaker 2: you to borrow money because again that's how they get paid.

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Speaker 2: Right So me at Wells Fargo, I also have a

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Speaker 2: coaching company called Boardroom Vision in which that's one of

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Speaker 2: the principles and what I've defined as the Boadroom Blueprint.

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Speaker 2: The Broadroom Blueprint is a five step I guess financial

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Speaker 2: journey and how we legitimize our finances. The first step

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Speaker 2: of that is building a budget. You can't know where

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Speaker 2: you're going without your finances. Without building a budget, like

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Speaker 2: you can't talk about investments, you can't talk about credit,

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Speaker 2: you can't talk about anything until you build a budget

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Speaker 2: because you have to know what's coming in and you

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Speaker 2: have to know what's going out. Outside of step two,

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Speaker 2: we then start to look at high interest debt. Again,

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Speaker 2: we talk about credit cards and personal loans and things

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Speaker 2: of that nature, in which obviously you know a lot

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Speaker 2: of people love to go get these types of loans. However,

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Speaker 2: when you're spending so much in interest as a consumer,

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Speaker 2: it robs you from actually obtaining real wealth. Right, So

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Speaker 2: our next thing is really really focusing in on that

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Speaker 2: high interest debt. So making sure you paid out every

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Speaker 2: single credit card that you have, any personal loans, anything

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Speaker 2: with an interest rate that I consider over in this

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Speaker 2: market six to seven percent, pay that down as fast

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Speaker 2: as possible. And then after you pay off all your

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Speaker 2: credit cards, we didn't have a conversation of credit because

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Speaker 2: now you want to focus on building your credit because

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Speaker 2: now that really invites you into a wealth building conversation.

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Speaker 2: For which step forward for me is home ownership, either

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Speaker 2: it being buying rental properties or personal home that you're

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Speaker 2: going to live in. You really should start to use

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Speaker 2: the money that you're gonna get from nursing jobs or

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Speaker 2: banking jobs, or whatever professions you decide to go into

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Speaker 2: after you graduate to really start to build wealth with ownership.

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Speaker 2: And then that last step is investments, which I call

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Speaker 2: alternative investments. So you can start talking stops. You start

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Speaker 2: talking other rental properties, crypto, whatever your risk allows you

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Speaker 2: to start to accept. At that point, you can go

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Speaker 2: and have those real conversations because you've done all the

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Speaker 2: steps prior to one through four. So that's kind of

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Speaker 2: my plan and kind of how I look at the

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Speaker 2: wealth building journey.

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Speaker 1: So to land this for the people in this room,

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Speaker 1: they're at a stage where they're becoming aware of the

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Speaker 1: credit profiles that they may have. And so when I

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Speaker 1: was in college, and this might have been true for

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Speaker 1: you too, there was credit card people all over campus.

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Speaker 1: You know, you get a free T shirt for signing

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Speaker 1: up with this credit which is so crazy to me

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Speaker 1: now that we would do that for But I don't

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Speaker 1: know if that's still allowed. I don't know. I don't

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Speaker 1: see it as much.

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Speaker 2: I've heard they put certain restrictions on it these days.

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Speaker 2: But credit card companies are still credit card companies. They're

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Speaker 2: going to try to find ways to take advantage of

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Speaker 2: people that may not necessarily know all the information that

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Speaker 2: they should. Right. So again, one of my models in

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Speaker 2: boardroom vision is take authority over our finances. So it's

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Speaker 2: on us to number one, do our due diligence to

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Speaker 2: understand what it takes to build credit and number two,

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Speaker 2: how we protect our credit. That's making sure we just

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Speaker 2: don't apply for every single credit card, but doing it

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Speaker 2: very strategically to where we know we're building credit, but

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Speaker 2: we're not going to go out max it out for

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Speaker 2: homecoming or something like that and never pay it back.

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Speaker 1: What's so interesting about what you're saying is, you know,

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Speaker 1: specifically when you're in college, you're at that place in

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Speaker 1: life generally where you're starting to realize ain't nobody coming

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Speaker 1: to save you no more? And you're the choices that

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Speaker 1: you make and the decisions that you make, they're yours

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Speaker 1: to own. And the mistake I made, at least I

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Speaker 1: don't know if you made this mistake was signing up

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Speaker 1: for one of those credit cards for the free T

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Speaker 1: shirt and then using it not being educated on how

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Speaker 1: to use it. And so, can you talk about the

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Speaker 1: difference between how we get trained or non trained to

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Speaker 1: use credit cards well and the different and what people

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Speaker 1: who do get trained, what are they learning early so

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Speaker 1: when they get that first credit card, they're doing with

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Speaker 1: it to make sure that they're building credits that are

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Speaker 1: just buying stuff.

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Speaker 2: So well, my story is a little different. I grew

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Speaker 2: up in a single parent household, but the single parent

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Speaker 2: was my father, and one of the things he always

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Speaker 2: taught me, even in a house where we were trying

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Speaker 2: to make ends meet oftentimes, is protect your credit and

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Speaker 2: try to save. And one of the ways that he

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Speaker 2: taught me how to protect my credit is number one,

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Speaker 2: not applying for it when you don't need it, but

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Speaker 2: number two and one of the most important pieces. When

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Speaker 2: you do apply for your credit, make sure you never

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Speaker 2: spend more than thirty percent of your actual balance, because

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Speaker 2: that has a tremendous impact on your credit score when

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Speaker 2: you start getting it to So let's just hypothetically use

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Speaker 2: some soft numbers here, right. If I go apply for

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Speaker 2: a credit card at some store and for them all

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Speaker 2: right in Hanes, and they approve me for one thousand dollars,

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Speaker 2: I should not want to spend no more than three

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Speaker 2: hundred dollars on that specific credit card, because once you

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Speaker 2: start getting higher and higher on that thousand dollars that

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Speaker 2: they're lending you, is taking your credit score down because

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Speaker 2: banks are looking at that as you may not know

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Speaker 2: how to manage your finances as properly as someone else

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Speaker 2: who is keeping their limits at a fall list rate.

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Speaker 1: Are those good credit cards store credit cards. I've never

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Speaker 1: applied for a particular individual brand credit card. Most of

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Speaker 1: mine are just general. Is there a difference between those

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Speaker 1: and other ones?

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Speaker 2: When you say good, I would say it's subjective, right,

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Speaker 2: because oftentimes you you may just be looking to get

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Speaker 2: accepted for a credit card, right so you can start

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Speaker 2: to build credit. So you know, your first credit card

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Speaker 2: may not be the Bank of America Platinum or the

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Speaker 2: Wells Fargo Platinum. So sometimes you got to take what

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Speaker 2: you can get just to get in the door. But

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Speaker 2: I would say that it can be a great place

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Speaker 2: to start if you use it strategically, and being strategic

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Speaker 2: is making sure that you do not go over those

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Speaker 2: balance fresholds.

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Speaker 1: What do you find when you think about the college

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Speaker 1: age people, you know, people just coming out of college

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Speaker 1: that you know, when they're using financial channels, whether that

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Speaker 1: be a credit card, whether that be you know, chime

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Speaker 1: or cash, or they're starting to get into this game,

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Speaker 1: paypalace getting into this game. What are like the red

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Speaker 1: flags you see before they get over the cliff, they

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Speaker 1: are starting to display these sorts of patterns that yo, bro,

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Speaker 1: you're gonna run into trouble in a minute.

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Speaker 2: If I'm being completely honest, it's buying things that don't

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Speaker 2: appreciate I mean really yeah, on the credit card, right,

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Speaker 2: So whether it be your clothes, whether it be I

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Speaker 2: don't know, just other things that may not necessarily need

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Speaker 2: to go on a credit.

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Speaker 1: Card, food food, why indeed you don't pay it off.

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Speaker 2: And again I'm also empathetic to the times too, because

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Speaker 2: we know inflation is at rates that is going up

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Speaker 2: before and sometimes you just may not have the money.

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Speaker 2: So this may be your emergency emergency vehicle. But I

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Speaker 2: would I oftentimes try to challenge people to say, before

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Speaker 2: pulling the easy lever of a credit card, get another job,

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Speaker 2: try to save up a emergency fund. Your first emergency

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Speaker 2: fund should be at least be one thousand dollars. After that,

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Speaker 2: you want to at least get six months expenses, but

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Speaker 2: at least have one thousand dollars in your savings to

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Speaker 2: where if something goes wrong today you can tap into that,

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Speaker 2: as opposed to tapping into your credit card. But honestly,

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Speaker 2: I'm against credit cards all together. I personally, after you've

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Speaker 2: built your credit and open them and keep your balances

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Speaker 2: below that thirty percent, just maybe use it on the

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Speaker 2: day to day, but pay it off at the end

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Speaker 2: of the month. I try not to carry any balance

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Speaker 2: ever on a credit card just because you start getting

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Speaker 2: into trouble, right like oftentimes I'm not gonna say, I say,

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Speaker 2: I've been in the situation before, And that's kind of

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Speaker 2: where my passion comes from, because I've made these mistakes

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Speaker 2: personally myself coming up in my days. I grew up

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Speaker 2: in a culture where it was a bunch of jay

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Speaker 2: Z and Cameron. They're giving us these ideas of the

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Speaker 2: flash and ball to you fall, So we'll go to clubs,

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Speaker 2: put the table on a credit card, and before you

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Speaker 2: look up, five six years later, you got seventeen thousand

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Speaker 2: dollars worth a credit card debt. I'm talking first experience

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Speaker 2: and trying to figure out how to pay for it.

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Speaker 2: And one of the things that I did to climb

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Speaker 2: myself out of that type of hole is again buckling

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Speaker 2: down on a budget, understanding what's coming in, what's coming out,

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Speaker 2: going in a hole for some years to really save,

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Speaker 2: to really cut expenses and say hey, maybe I don't

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Speaker 2: need those new shoes, Maybe I don't need that pair

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Speaker 2: of joys, Maybe I don't need that necklace, that shirt,

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Speaker 2: so on and so forth, and you start to see

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Speaker 2: where you can really trim some fat to really save

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Speaker 2: some money.

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Speaker 1: I'm glad you bring up the word budget, because you know,

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Speaker 1: we've been trained in our culture generally to hear the

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Speaker 1: word budget and you're like, oh, that's you know now,

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Speaker 1: not as a down or not as you know, the

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Speaker 1: Debbie downer at the party. But when you think about

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Speaker 1: a budget, it's actually helping define what your goals are

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Speaker 1: absolutely and helping you stay focused on the goals. Can

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Speaker 1: you speak to a budget from that perspective, because typically

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Speaker 1: when we hear the word, it's like from a negative perspective,

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Speaker 1: like I can't have fun anymore.

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Speaker 2: It's all perspective, man, because I think one of the

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Speaker 2: beautiful things for me and a budget is it actually

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Speaker 2: becomes fun when you can have fun without having to

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Speaker 2: worry about the money. Like how many times have y'all

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Speaker 2: been on a vacation but you can't really have fun

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Speaker 2: because you're sitting there thinking about like, oh, man, is

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Speaker 2: this gonna go through? Is it gonna go through? Like

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Speaker 2: you probably shouldn't have been on vacation if you sitting

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Speaker 2: there trying to worry about like the expenses of the trip,

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Speaker 2: Whereas a budget allows you to say, you know what,

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Speaker 2: we've set aside three thousand dollars for this trip. These

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Speaker 2: are the things we're gonna do on this trip. They're

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Speaker 2: already in our mind paid for, so you can really

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Speaker 2: enjoy yourself, be immersed in the experience, and really have fun.

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Speaker 2: And I think that's kind of where this conversation really

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Speaker 2: has to stem is what is your vision? What are

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Speaker 2: your things that when you sit down when I'm budgeting,

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Speaker 2: what am I trying to do five years from now,

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Speaker 2: ten years from now, twenty years from now that I

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Speaker 2: can at least start to work towards now. I'm not

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Speaker 2: saying you have to go live in a hole, eat noodle,

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Speaker 2: eat noodles and noodles for the rest of your life.

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Speaker 2: But what I am saying is there has to be

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Speaker 2: some small sacrifice now, especially why y'all were young, Like

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Speaker 2: being able to have this conversation at twenty one as

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Speaker 2: opposed to thirty one, we give you guys a lot

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Speaker 2: more better advantage than I know I had then. I

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Speaker 2: know you probably had, right, because this wasn't the talk

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Speaker 2: back in two thousand and four, two thousand and five,

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Speaker 2: Like we're in the middle, in my opinion, a black

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Speaker 2: wealth renaissance, where people are having conversations about wealth, having

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Speaker 2: conversations about sacrifice. And I know we're you know, technology

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Speaker 2: and things of that nature, but technology has made this

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Speaker 2: a lot easier process to really get a hold of

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Speaker 2: the information and take advantage of a lot of the

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Speaker 2: things our parents just did not have the opportunity too.

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Speaker 1: I remember growing up, I had this friend who didn't

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Speaker 1: go to a predominantly black school and he but he's

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Speaker 1: a black man, and he's a black boy at the time,

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Speaker 1: and I remember him saying, because he was around really

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Speaker 1: wealthy you know, or less mellenated friends. And I remember

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Speaker 1: him saying, you know, the more money he gets as

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Speaker 1: he grows older, the less dressed he will be present fact,

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Speaker 1: and he will look messier and sloppier, the more money

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Speaker 1: he had. And I didn't understand it at the time,

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Speaker 1: Like you know, when I get it, I'm flying whatever.

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Speaker 1: And then I start to look at I remember seeing

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Speaker 1: like these memes of like you know, Bill Gates, Warren

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Speaker 1: Buffett and whatever or Jay Z even today and like

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Speaker 1: will have no change on maybe a watch, but you gain,

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Speaker 1: you can't tell what it is and they'll they'll say,

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Speaker 1: you know, twenty forty sixty billion dollars in a photo,

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Speaker 1: but there's no Gucci belt. So can you talk about

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Speaker 1: how we've been programmed to understand wealth and what real

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Speaker 1: wealth looks like?

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Speaker 2: Absolutely, before I get I want to recommend this book.

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Speaker 2: It's called The Psychology of Money. It is one of

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Speaker 2: my most favorite finance books because it addresses this very

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Speaker 2: same concept that we're talking about right now. It's the

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Speaker 2: idea of how wealthy people tend to think versus how

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Speaker 2: people who have not been brought up around, you know,

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Speaker 2: just wealth conversations tend to kind of operate in money.

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Speaker 2: And it literally changed my life because it made me

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Speaker 2: understand like the root of some of the things that

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Speaker 2: I may have been searching for when I was making

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Speaker 2: those purchases. Right, Like, whenever you're going to buy joins,

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Speaker 2: you're not necessarily sometimes just buying the shoe. You're buying

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Speaker 2: the feeling that the shoe may give you, Right, And

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Speaker 2: if you're purchasing to try to fill voids or trying

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Speaker 2: to compensate for something, you're still going to like there's

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Speaker 2: going to be a void that has to always be filled,

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Speaker 2: which you know, I'll go here as well. I'm also

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Speaker 2: a faith god in which God has to be the

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Speaker 2: center of a lot of decisions we make, because when

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Speaker 2: God comes in and fills that void, all the materialism

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Speaker 2: kind of goes away, and where wealth becomes a tool

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Speaker 2: because money, that's all money is right, you know, sometimes

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Speaker 2: we tend to look at it and give it way

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Speaker 2: more power than it actually has. Money is just a

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Speaker 2: tool to get us to what we want, either it

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Speaker 2: being the opportunity to spend more times with our family,

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Speaker 2: to provide for the people around us that we love,

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Speaker 2: to be able to give back schools and empower people

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Speaker 2: around us, Like those are the things I want money

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Speaker 2: to do for me. But you have to understand what

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Speaker 2: it is you wanted it to do for you and

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Speaker 2: how you can get there. And sometimes it doesn't have

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Speaker 2: to be just about yourself. It needs to be outside

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Speaker 2: of yourself. And people that dress down have typically kind

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Speaker 2: of figured that concept down. It's like, well, why spend

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Speaker 2: it on me when I can use that money for

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Speaker 2: the clothes that I would have spent on another task

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Speaker 2: or another type of investment, because the return on that

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Speaker 2: would come back to me tenfold. Either it being in

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Speaker 2: a financial perspective or a spiritual perspective.

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Speaker 1: Yeah, so is it okay to have nice things and

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Speaker 1: want nice things? Absolutely?

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Speaker 2: I don't think it's anything wrong with it. I think

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Speaker 2: the crux or the issue comes into place where we're

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Speaker 2: overspending on the nice things to fill the void. Whereas,

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Speaker 2: if again using soft numbers here, I have one thousand

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Speaker 2: dollars and I spend five on something, you know, the

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Speaker 2: rate that five is not gonna hurt me, whereas me

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Speaker 2: having one hundred dollars my last ninety on. You know,

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Speaker 2: like how you budget is the ratio of how you

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Speaker 2: spend and where you spend it.

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Speaker 1: So how do we think about the conversation of you

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Speaker 1: should use assets when if I'm in college, in particular,

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Speaker 1: if I'm in university, how do I use assets to

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Speaker 1: buy the things that are frivolous, the things that necessarily

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Speaker 1: don't bring a return. But if I want to go

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Speaker 1: buy a Gucci belt, I probably shouldn't be buying a

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Speaker 1: Gucci belt if I make an hourly wage and I'm

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Speaker 1: spending my hourly wage on a Gucci belt, because if

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Speaker 1: I look at their numbers, I'm probably spending an entire

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Speaker 1: week of my life or two just for this belt.

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Speaker 1: If you actually break the numbers down.

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Speaker 2: In that situation, what I would challenge anyone with that

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Speaker 2: train of thought is number one, why do you need

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Speaker 2: a Gucci belt? Number two? Well, I mean, just understand

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Speaker 2: the concept and how they're thinking, right, like what's the

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Speaker 2: purpose of it? But on top of that, what I

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Speaker 2: would try to challenges, all right, if you want the

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Speaker 2: Gucci belt, let's make sure you have enough savings to

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Speaker 2: be able to get to that quote unquote status, right,

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Speaker 2: But what I would also recommend is looking for ways

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Speaker 2: to buy assets that are going to grow to make

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Speaker 2: that journey a lot faster, especially now where you know,

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Speaker 2: you guys are in college. You may not have the

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Speaker 2: debt that a lot of people other people may have,

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Speaker 2: so it kind of you can mess around and investing

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Speaker 2: in things like that earlier to where you grow your

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Speaker 2: money and then you know, the two hundred dollars that

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Speaker 2: you would have spend on the Gucci belt grows to

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Speaker 2: four hundred and it kind of paid for itself.

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Speaker 1: So how do you in the early days of income

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Speaker 1: earners like many of these are, or some of them

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Speaker 1: may not even be income earners yet. It may just

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Speaker 1: be pure students, how do you treat yourself? So I remember,

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Speaker 1: as I have a wealth manager now who helps me

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Speaker 1: manage my finances. And I was joking with there like

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Speaker 1: I'm a sneak your head, like I buy sneakers, And

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Speaker 1: I was joking around like I know, I gotta stop

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Speaker 1: buying sneakers. And she was like, that's really If that's

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Speaker 1: all you're doing, and everything else you're doing is and

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Speaker 1: is related to your investments, that's you got to have

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Speaker 1: something to treat yourself on it. She was like, if

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Speaker 1: it's just sneakers, I don't have no problem with that.

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Speaker 1: But if it's become something else, then then that's a

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Speaker 1: different thing. But if it's just and that's all I

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Speaker 1: really do, and so I buy sneakers, And so how

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Speaker 1: do you treat yourself along the way to make sure

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Speaker 1: you stay motivated along that path? Because if it's just

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Speaker 1: about hard numbers, black and white, cold budgeting in that way,

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Speaker 1: how do you stay motivated to keep the energy to

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Speaker 1: do this.

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Speaker 2: Well, it's all about the percentages, right, Like when you're

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Speaker 2: making money, you look at the whole pot. You know,

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Speaker 2: off top you're gonna have to pay Uncle Sam, So

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Speaker 2: you know they're gonna take their twenty twenty five thirty

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Speaker 2: five percent depending on the text bracket that you're in

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Speaker 2: that's off gate, and then you're gonna have your necessary

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Speaker 2: bills that you're going to have to pay. So to me,

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Speaker 2: you in my plan, you have to prioritize first and foremost.

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Speaker 2: You can't put shoes over the necessities of life. So

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Speaker 2: after you budget that your necessities, you then start to

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Speaker 2: look at what's left. And if you have a certain

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Speaker 2: amount left, like now, let's start having a conversation of

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Speaker 2: how do we want to allocate what's left for our

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Speaker 2: you know, for whatever our personal benefit is. You can

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Speaker 2: buy some to treat yourself, or you can also take

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Speaker 2: a portion of that and invest into whatever it is

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Speaker 2: you may want to invest in, which kind of brings

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Speaker 2: me to one of the most important investment strategies. It's

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Speaker 2: called dollar cost average. Dollar cost average is the most easiest,

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Speaker 2: most profound, but honestly one of the most lucid ways

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Speaker 2: to start investing. Break it down because the idea is

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Speaker 2: that you take a little bit over time and it

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Speaker 2: grows into a lot of bit. That's honestly the most

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Speaker 2: easiest way I can explain it. In the same way

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Speaker 2: that your parents may invest into a four to one

435
00:21:57,520 --> 00:22:00,960
Speaker 2: k or something like that, dolar costs averaging the same concept.

436
00:22:01,080 --> 00:22:03,320
Speaker 2: Every time you get paid, you take a small portion,

437
00:22:03,880 --> 00:22:06,560
Speaker 2: throw it into an investment account, whether it be a

438
00:22:06,760 --> 00:22:10,800
Speaker 2: ETF which is an extra exchange traded fund or mutual fund,

439
00:22:11,680 --> 00:22:15,720
Speaker 2: and just consistently do it. There's an old mantra that

440
00:22:15,800 --> 00:22:19,080
Speaker 2: goes time in the market is better than timing the market.

441
00:22:19,240 --> 00:22:21,520
Speaker 2: Timing the market is trying to wait till the stock

442
00:22:21,600 --> 00:22:24,040
Speaker 2: market goes down to the bottom, buying at the bottom,

443
00:22:24,280 --> 00:22:26,639
Speaker 2: and then wait until it goes up. Time in the

444
00:22:26,720 --> 00:22:34,119
Speaker 2: market is by here and by here every two weeks

445
00:22:34,200 --> 00:22:36,080
Speaker 2: or a month or however often you get paid. You're

446
00:22:36,080 --> 00:22:38,480
Speaker 2: buying at every step, so that.

447
00:22:38,520 --> 00:22:40,840
Speaker 1: Over time that makes sense to everybody, your.

448
00:22:40,720 --> 00:22:43,879
Speaker 2: Average of what you paid to get in the market

449
00:22:43,960 --> 00:22:45,719
Speaker 2: is going to be less than what the market is at.

450
00:22:45,760 --> 00:22:49,080
Speaker 2: So you're gonna essentially make money as long as the

451
00:22:49,119 --> 00:22:50,840
Speaker 2: market continues to do what has been doing over the

452
00:22:50,880 --> 00:22:52,560
Speaker 2: past one hundred or some odd years.

453
00:22:53,000 --> 00:22:55,479
Speaker 1: So we talked about before we got on, you know,

454
00:22:55,680 --> 00:22:57,520
Speaker 1: you have kids, I have kids, and we were talking

455
00:22:57,520 --> 00:23:00,680
Speaker 1: about how the world now is every everything is about

456
00:23:01,040 --> 00:23:05,399
Speaker 1: immediate gratification. And how to how to stay focused in

457
00:23:05,440 --> 00:23:07,639
Speaker 1: a world where everything is like you got to have me,

458
00:23:07,960 --> 00:23:10,640
Speaker 1: or you got to buy this or etc. How what's

459
00:23:10,680 --> 00:23:12,679
Speaker 1: the best case you can give for people at this

460
00:23:12,760 --> 00:23:17,160
Speaker 1: stage of life on how to build a muscle against

461
00:23:17,720 --> 00:23:20,640
Speaker 1: that dangerous immediate gratification.

462
00:23:23,400 --> 00:23:26,359
Speaker 2: It's like anything else that's good for you, right, Like

463
00:23:26,960 --> 00:23:29,399
Speaker 2: I know a lot of people may love going to

464
00:23:29,440 --> 00:23:32,800
Speaker 2: the gym. I go to the gym. I actually hurt

465
00:23:32,840 --> 00:23:34,800
Speaker 2: my back earlier this week, so I've been out. But

466
00:23:35,800 --> 00:23:38,040
Speaker 2: when you go to the gym, and I was having

467
00:23:38,040 --> 00:23:41,600
Speaker 2: this conversation one of my friends earlier this last week,

468
00:23:41,960 --> 00:23:43,840
Speaker 2: when you go to the gym, you feel pain when

469
00:23:43,880 --> 00:23:46,359
Speaker 2: you're lifting, but it's a good pain, right It's a

470
00:23:46,359 --> 00:23:49,760
Speaker 2: pain that you know is going to produce muscle if

471
00:23:49,800 --> 00:23:52,159
Speaker 2: you keep doing it. So why you're doing it? The

472
00:23:52,240 --> 00:23:54,840
Speaker 2: motivation may be hard, like you know that, ah, man,

473
00:23:54,960 --> 00:23:57,919
Speaker 2: Like I want to quit. I want to stop, but

474
00:23:58,280 --> 00:24:00,280
Speaker 2: you have to keep doing it if you want to

475
00:24:00,320 --> 00:24:03,520
Speaker 2: see those results. So sometimes that that process it may

476
00:24:03,600 --> 00:24:06,480
Speaker 2: not be fun, Like I mean, we're being completely honest, right,

477
00:24:06,520 --> 00:24:09,160
Speaker 2: Like who wants to sacrifice right now and have to wait?

478
00:24:09,640 --> 00:24:12,360
Speaker 2: But that's just that's the law of the world. That's

479
00:24:12,359 --> 00:24:15,800
Speaker 2: the law of the universe. Like planning. A seed takes

480
00:24:15,840 --> 00:24:18,119
Speaker 2: time to grow, like even just in nature, right you

481
00:24:18,160 --> 00:24:20,280
Speaker 2: go outside and play the oak an oak tree, a

482
00:24:20,400 --> 00:24:22,640
Speaker 2: oak seed, it's going to take time for that seed

483
00:24:22,680 --> 00:24:25,480
Speaker 2: become a tree. So it's just being consistent, making sure

484
00:24:25,520 --> 00:24:29,000
Speaker 2: you water it consistently and it essentially grows.

485
00:24:29,840 --> 00:24:32,320
Speaker 1: So generally speaking, and I'm going to get to questions.

486
00:24:32,320 --> 00:24:34,240
Speaker 1: So if you have questions or things that you may

487
00:24:34,280 --> 00:24:36,639
Speaker 1: want to ask in about you know, a couple of

488
00:24:36,720 --> 00:24:38,600
Speaker 1: questions from now, I be making sure that you know,

489
00:24:38,920 --> 00:24:40,439
Speaker 1: wea talk to people in the audience who may want

490
00:24:40,480 --> 00:24:44,159
Speaker 1: to ask being a question. But by and large, the

491
00:24:44,200 --> 00:24:47,040
Speaker 1: people in this room don't have mortgages yet, by and large,

492
00:24:47,680 --> 00:24:49,960
Speaker 1: may not have kids yet, may it may not have

493
00:24:50,160 --> 00:24:54,199
Speaker 1: the responsibilities that you or I have on things that

494
00:24:54,320 --> 00:24:58,560
Speaker 1: you got, responsibility, real things that you can't drop. Talk

495
00:24:58,600 --> 00:25:02,080
Speaker 1: about the imperative of taking this time with their life

496
00:25:02,080 --> 00:25:04,560
Speaker 1: seriously because once they're out of it, you can't get

497
00:25:04,600 --> 00:25:06,240
Speaker 1: back right in it right.

498
00:25:06,280 --> 00:25:08,359
Speaker 2: And this is why I love the conversations with this

499
00:25:08,480 --> 00:25:11,920
Speaker 2: audience is because if we can capture you guys now

500
00:25:11,960 --> 00:25:15,359
Speaker 2: to make the right decisions and invest early, you'll be

501
00:25:15,480 --> 00:25:19,000
Speaker 2: at a stage where when you turn thirty five, forty,

502
00:25:19,119 --> 00:25:21,919
Speaker 2: the world is your oyster like just even with a

503
00:25:22,760 --> 00:25:27,520
Speaker 2: regular quote unquote nursing job, you make anywhere between eighty

504
00:25:27,560 --> 00:25:29,600
Speaker 2: to one hundred and twenty thousand dollars a year. If

505
00:25:29,640 --> 00:25:35,680
Speaker 2: you invest consistently, starting what nineteen twenty twenty one years old,

506
00:25:36,440 --> 00:25:39,359
Speaker 2: you can become a millionaire by the time you're thirty.

507
00:25:39,960 --> 00:25:42,760
Speaker 2: And after you become a millionaire, it takes two or

508
00:25:42,800 --> 00:25:45,199
Speaker 2: three years to get your second million, typically as long

509
00:25:45,240 --> 00:25:49,040
Speaker 2: as the market continues to rise at the average rates

510
00:25:49,119 --> 00:25:52,000
Speaker 2: right like this, the first million is the hardest, but

511
00:25:52,560 --> 00:25:55,320
Speaker 2: after that that's when things start to grow. So now

512
00:25:55,400 --> 00:25:58,800
Speaker 2: is the time to really take advantage because your time

513
00:25:58,880 --> 00:26:02,400
Speaker 2: is your biggest commodity. Once you start to either have kids,

514
00:26:02,640 --> 00:26:05,280
Speaker 2: have all these other competing priorities, you're not gonna be

515
00:26:05,320 --> 00:26:07,320
Speaker 2: able to put the same type of time and effort

516
00:26:07,359 --> 00:26:10,720
Speaker 2: in then as you do now. So putting the sacrifice,

517
00:26:10,760 --> 00:26:13,760
Speaker 2: putting the time in to understand a little bit about

518
00:26:13,760 --> 00:26:15,600
Speaker 2: the markets. You don't have to be an expert. Just

519
00:26:15,640 --> 00:26:17,359
Speaker 2: get around some people that are going to challenge you

520
00:26:17,400 --> 00:26:20,280
Speaker 2: to have the conversations. That's what it's really all about.

521
00:26:20,320 --> 00:26:23,520
Speaker 2: Because when you start now, compound interest is gonna do

522
00:26:23,560 --> 00:26:26,879
Speaker 2: what compound interests do, which is the ability to allow

523
00:26:26,920 --> 00:26:29,200
Speaker 2: your money to make money on top of itself.

524
00:26:29,720 --> 00:26:32,000
Speaker 1: So I'm gonna venture to beat somebody in this room.

525
00:26:32,000 --> 00:26:34,520
Speaker 1: It's like this sounds like a great conversation about money,

526
00:26:35,160 --> 00:26:37,240
Speaker 1: or somebody listening to the podcast like, man, this sounds

527
00:26:37,280 --> 00:26:39,280
Speaker 1: like a great conversation about money. But I ain't got

528
00:26:39,320 --> 00:26:43,720
Speaker 1: no money right right, so you know it's I'm affording

529
00:26:43,800 --> 00:26:46,679
Speaker 1: to somebody else, you know. But for those people who

530
00:26:46,720 --> 00:26:48,359
Speaker 1: are like, you know, hey, you telling me about the

531
00:26:48,400 --> 00:26:51,320
Speaker 1: investment and I ain't got nothing to invest. What do

532
00:26:51,400 --> 00:26:52,000
Speaker 1: you say to that?

533
00:26:52,440 --> 00:26:55,040
Speaker 2: And it goes back to my boardroom blueprint, man, Like,

534
00:26:55,680 --> 00:26:57,760
Speaker 2: it starts with budget first, and if you look at

535
00:26:57,800 --> 00:27:01,960
Speaker 2: your budget and legitimately do not have the funds to

536
00:27:02,320 --> 00:27:05,760
Speaker 2: have the extra money, number one, look to see what

537
00:27:05,840 --> 00:27:08,200
Speaker 2: you can cut, Look to see what you can sell.

538
00:27:08,280 --> 00:27:10,280
Speaker 1: They got Netflix, Yeah, gotta have Netflix.

539
00:27:10,320 --> 00:27:12,399
Speaker 2: Though it's certain things you can cut. But sometimes you

540
00:27:12,440 --> 00:27:14,879
Speaker 2: can even cut your way in this market right just

541
00:27:14,920 --> 00:27:17,600
Speaker 2: with inflation and price of gas, aill is going up

542
00:27:17,640 --> 00:27:19,880
Speaker 2: right now, we're having that conversation coming on the way up.

543
00:27:20,920 --> 00:27:23,119
Speaker 2: Sometimes you just can't cut yourself into a way of

544
00:27:23,280 --> 00:27:25,719
Speaker 2: being able to save a quarterly. But you can always

545
00:27:25,720 --> 00:27:29,000
Speaker 2: pick up a different job, right, You can always invest

546
00:27:29,040 --> 00:27:33,160
Speaker 2: in yourself so that you can find a better opportunity

547
00:27:33,200 --> 00:27:36,000
Speaker 2: that pays more money. Your earning power is going to

548
00:27:36,080 --> 00:27:38,920
Speaker 2: be your biggest commodity over the next ten years, whether

549
00:27:38,960 --> 00:27:42,600
Speaker 2: it be the career choice that you make, whether it

550
00:27:42,640 --> 00:27:45,119
Speaker 2: be the job that you end up applying for, and

551
00:27:45,240 --> 00:27:47,040
Speaker 2: the company you try to move up. The latter in

552
00:27:47,600 --> 00:27:49,439
Speaker 2: because that's one of the reasons I went into banking.

553
00:27:49,480 --> 00:27:52,040
Speaker 2: I literally went to college looking to say which career

554
00:27:52,720 --> 00:27:54,879
Speaker 2: makes a decent amount of money? And I went I

555
00:27:54,920 --> 00:27:57,199
Speaker 2: mean I didn't really care to have the love for it.

556
00:27:57,240 --> 00:27:59,200
Speaker 2: I was like, I have to provide for myself and

557
00:27:59,280 --> 00:28:01,879
Speaker 2: my family because my pops will go do it. But

558
00:28:02,320 --> 00:28:04,679
Speaker 2: that's the sacrifice that I made. Obviously I loved it

559
00:28:04,760 --> 00:28:08,520
Speaker 2: because there's a connection with me and finances. But you

560
00:28:08,600 --> 00:28:11,320
Speaker 2: have to dig deeper down inside to number one, want

561
00:28:11,359 --> 00:28:13,840
Speaker 2: to ask yourself what's your purpose? What are you going

562
00:28:13,920 --> 00:28:17,480
Speaker 2: to love? But how also can I monetize that? And

563
00:28:17,920 --> 00:28:21,520
Speaker 2: where those three things come into intersection is going to

564
00:28:21,600 --> 00:28:24,199
Speaker 2: be where you have to kind of catapult into and

565
00:28:24,280 --> 00:28:26,679
Speaker 2: really pour your heart into over the next five to

566
00:28:26,760 --> 00:28:30,800
Speaker 2: ten years. Because when you earn, especially high earners, you

567
00:28:30,880 --> 00:28:33,359
Speaker 2: have the extra money to invest, right, you have the

568
00:28:33,440 --> 00:28:37,159
Speaker 2: extra money to continue to reinvest and not only to

569
00:28:37,200 --> 00:28:39,080
Speaker 2: yourself and maybe even have some fun on the side,

570
00:28:39,080 --> 00:28:41,040
Speaker 2: because it's just it's plentiful at that point.

571
00:28:41,280 --> 00:28:44,040
Speaker 1: So I was looking at the data about Winster Salem

572
00:28:44,120 --> 00:28:49,480
Speaker 1: State University, and you know, by twenty five percent of

573
00:28:49,560 --> 00:28:52,840
Speaker 1: the students here are in nursing programs, and everything else

574
00:28:52,920 --> 00:28:55,720
Speaker 1: was like under eight percent. Every other program here was

575
00:28:55,800 --> 00:28:58,479
Speaker 1: under eight percent, but twenty five percent was in nursing.

576
00:28:58,520 --> 00:29:00,520
Speaker 1: And you got to think about the These can be

577
00:29:00,600 --> 00:29:03,600
Speaker 1: high earners, but they also work a lot of ours

578
00:29:03,840 --> 00:29:05,720
Speaker 1: high stress. You may love what you do, but you

579
00:29:05,760 --> 00:29:09,360
Speaker 1: work a lot in often irregular hours. When you throw

580
00:29:09,440 --> 00:29:13,600
Speaker 1: that profile of a you know, an employee in a bag,

581
00:29:14,520 --> 00:29:18,400
Speaker 1: how can they find success specifically that type of profile

582
00:29:18,520 --> 00:29:21,440
Speaker 1: high stress but also high earner. You know, it's kind

583
00:29:21,440 --> 00:29:23,200
Speaker 1: of like a lot of people I grew up who

584
00:29:23,240 --> 00:29:25,200
Speaker 1: are older than I was, who worked, you know, sixty

585
00:29:25,200 --> 00:29:27,000
Speaker 1: seventy eighty hours a week, made a lot of money

586
00:29:27,040 --> 00:29:29,400
Speaker 1: but didn't had on time to spend it. But you

587
00:29:29,480 --> 00:29:32,280
Speaker 1: out in the mix for nursing also high stress, and

588
00:29:32,360 --> 00:29:34,480
Speaker 1: so they gonna like at the end of the week,

589
00:29:34,680 --> 00:29:36,880
Speaker 1: I don't work the sixty hours. I just want to

590
00:29:36,920 --> 00:29:40,560
Speaker 1: go it's brunch. You know. We are you know, bottomless momosis.

591
00:29:40,720 --> 00:29:43,440
Speaker 1: You know, so how do you how do you balance

592
00:29:44,000 --> 00:29:49,280
Speaker 1: you know that that working style, that lifestyle with the

593
00:29:49,320 --> 00:29:51,960
Speaker 1: imperative also to grow and build wealth.

594
00:29:52,440 --> 00:29:55,800
Speaker 2: Right well, first and foremost, the opportunity to be a

595
00:29:55,880 --> 00:29:58,760
Speaker 2: nurse is great because we need them, especially black nurses

596
00:29:58,880 --> 00:30:02,239
Speaker 2: in our community right like, there's a huge need for them.

597
00:30:02,320 --> 00:30:04,480
Speaker 2: This is just a side note, Sorry this is not finance,

598
00:30:04,600 --> 00:30:08,640
Speaker 2: but when my wife was going in labor and we're

599
00:30:08,640 --> 00:30:12,040
Speaker 2: looking around, like we know that in the healthcare sometimes

600
00:30:12,080 --> 00:30:14,479
Speaker 2: like our people can kind of be judged or like

601
00:30:14,800 --> 00:30:17,040
Speaker 2: nursing is a thing that we need in our community,

602
00:30:17,560 --> 00:30:21,840
Speaker 2: doctors and all way up in healthcare. But the benefit

603
00:30:21,920 --> 00:30:24,600
Speaker 2: of that is you're helping people, You're doing your passion

604
00:30:24,920 --> 00:30:26,880
Speaker 2: and even though you may be working a lot of hours,

605
00:30:26,880 --> 00:30:29,200
Speaker 2: that also means you're not spending a lot of money

606
00:30:29,240 --> 00:30:34,320
Speaker 2: because you're working. So but how can you also ensure

607
00:30:34,360 --> 00:30:36,280
Speaker 2: that you're going to be set financially for when you

608
00:30:36,320 --> 00:30:38,720
Speaker 2: do retire, because you can only do that lifestyle for

609
00:30:38,760 --> 00:30:40,600
Speaker 2: so long, right, Like you want to maybe come in

610
00:30:40,720 --> 00:30:43,200
Speaker 2: earn as much as you can and then retire and

611
00:30:43,280 --> 00:30:46,600
Speaker 2: enjoy whatever years or time that you may have off.

612
00:30:47,000 --> 00:30:49,800
Speaker 2: So again, going back to the idea of dollar cost average,

613
00:30:51,160 --> 00:30:54,960
Speaker 2: being able to invest and not even miss it, meaning

614
00:30:55,120 --> 00:30:58,520
Speaker 2: it coming directly out your bank accounts whenever you get paid,

615
00:30:58,680 --> 00:31:03,560
Speaker 2: going into a Brokene account that is already invested. Automate

616
00:31:03,600 --> 00:31:06,440
Speaker 2: the process so that you don't miss it, you don't

617
00:31:06,480 --> 00:31:09,560
Speaker 2: see it, and you're living off of an amount that

618
00:31:09,640 --> 00:31:12,960
Speaker 2: you've already predetermined, so that your investments are pretty much

619
00:31:13,040 --> 00:31:16,040
Speaker 2: just taking care of itself. Like for me and my household,

620
00:31:16,040 --> 00:31:19,960
Speaker 2: we really try to strength shrink our quote unquote play

621
00:31:20,000 --> 00:31:23,800
Speaker 2: money to a little as pot as much because you know,

622
00:31:24,280 --> 00:31:27,200
Speaker 2: when you get used to living on a little you

623
00:31:27,200 --> 00:31:29,560
Speaker 2: don't even really look at your investments accounts. And that's

624
00:31:29,640 --> 00:31:32,000
Speaker 2: kind of how nurses, and honestly, it's not just nurses,

625
00:31:32,000 --> 00:31:34,960
Speaker 2: it's the vast majority of Americans, right because everyone's not

626
00:31:35,000 --> 00:31:40,040
Speaker 2: going to be vast in finance, but everyone does have

627
00:31:40,160 --> 00:31:42,160
Speaker 2: some form of income. When most people have some form

628
00:31:42,160 --> 00:31:44,800
Speaker 2: of income, so you just have to kind of tailor

629
00:31:44,840 --> 00:31:47,080
Speaker 2: that and move it to the right places on the

630
00:31:47,120 --> 00:31:48,640
Speaker 2: front end as opposed to the back end.

631
00:31:48,720 --> 00:31:52,200
Speaker 1: Pay yourself first and closely. I want to ask about technology.

632
00:31:52,320 --> 00:31:55,200
Speaker 1: And so if you think about most of our grandparents,

633
00:31:55,600 --> 00:31:57,320
Speaker 1: they don't want to use cash shaff They don't want

634
00:31:57,320 --> 00:31:59,280
Speaker 1: to you know, they want to write a check or

635
00:31:59,280 --> 00:32:02,920
Speaker 1: get your cash from the mattress I got her bra

636
00:32:03,160 --> 00:32:06,920
Speaker 1: or something. And then on the flip side of that,

637
00:32:07,560 --> 00:32:10,640
Speaker 1: our generations and the ones after us probably are too

638
00:32:10,720 --> 00:32:13,880
Speaker 1: free on cash app and Venmo and etc. To where

639
00:32:13,960 --> 00:32:17,120
Speaker 1: now we got scammers in et cetera and people taking advantage.

640
00:32:17,200 --> 00:32:19,480
Speaker 1: And it's not even just the danger of scammers, it's

641
00:32:19,480 --> 00:32:22,160
Speaker 1: also when you got cash, you see the money leaving,

642
00:32:22,160 --> 00:32:24,200
Speaker 1: so you feel the pain when you cash app and

643
00:32:24,200 --> 00:32:26,280
Speaker 1: you don't even feel no pain, it's just a number

644
00:32:26,280 --> 00:32:28,880
Speaker 1: on the screen. Right, And so how do you balance

645
00:32:29,640 --> 00:32:33,240
Speaker 1: the day we live in and the amount of more

646
00:32:33,280 --> 00:32:35,720
Speaker 1: technology we're using around our money to make make sure

647
00:32:35,760 --> 00:32:36,479
Speaker 1: we're being careful.

648
00:32:37,320 --> 00:32:40,280
Speaker 2: Oh that's a good question. First of all, I love

649
00:32:41,160 --> 00:32:44,560
Speaker 2: where we are in regards to technology, right because when

650
00:32:44,560 --> 00:32:46,480
Speaker 2: I was coming up, we didn't have a lot of

651
00:32:46,560 --> 00:32:49,960
Speaker 2: what we have nowadays. Like when I graduated, I opened

652
00:32:50,000 --> 00:32:52,880
Speaker 2: a Fidelit account in two thousand and nine, first and foremost,

653
00:32:52,960 --> 00:32:57,000
Speaker 2: there was a twenty five hundred dollars minimal. There were

654
00:32:57,040 --> 00:33:01,840
Speaker 2: transaction fees for any transaction yet, and it was just

655
00:33:01,880 --> 00:33:05,160
Speaker 2: they made it so hard to invest that a lot

656
00:33:05,200 --> 00:33:07,080
Speaker 2: of people just kind of threw their hands up at

657
00:33:07,080 --> 00:33:09,760
Speaker 2: it because it's like, yo, who got twenty five hundred

658
00:33:09,800 --> 00:33:12,360
Speaker 2: toer sitting around like, I'm not paying seven dollars every

659
00:33:12,400 --> 00:33:16,720
Speaker 2: time I buy sell something? And that was easier than

660
00:33:16,720 --> 00:33:19,800
Speaker 2: our parents. My parents, right, Like they didn't even have technology.

661
00:33:19,840 --> 00:33:22,200
Speaker 2: They had to go sit in front of someone that

662
00:33:22,480 --> 00:33:25,320
Speaker 2: usually did not look like them, that may have had

663
00:33:25,320 --> 00:33:28,840
Speaker 2: a history of taking advantage of them, and you have

664
00:33:28,920 --> 00:33:32,000
Speaker 2: to trust giving your hard own money to that person

665
00:33:32,040 --> 00:33:35,680
Speaker 2: to go work on your behalf. So fast forward that

666
00:33:35,720 --> 00:33:40,360
Speaker 2: to twenty twenty three, where all this stuff is accessible

667
00:33:40,840 --> 00:33:44,560
Speaker 2: at our fingertips. Right, It makes it a lot easier, right,

668
00:33:45,200 --> 00:33:47,520
Speaker 2: which is a good thing because we want people to

669
00:33:47,560 --> 00:33:50,680
Speaker 2: have the conversation of buying stocks consistently. But we also

670
00:33:50,800 --> 00:33:53,160
Speaker 2: have to be careful and we have to put parameters

671
00:33:53,200 --> 00:33:56,120
Speaker 2: in place of which we have to always make sure

672
00:33:56,160 --> 00:33:59,840
Speaker 2: we're going to vetted resources and finding platforms that have

673
00:34:00,040 --> 00:34:03,240
Speaker 2: been tried and true ones. Some of the ones I

674
00:34:03,280 --> 00:34:07,520
Speaker 2: love again I just mentioned Fidelity. Empower is another good one,

675
00:34:08,040 --> 00:34:10,080
Speaker 2: TV Merritrade.

676
00:34:11,560 --> 00:34:14,240
Speaker 1: What anybody robin Hood like like those sorts of apps,

677
00:34:14,239 --> 00:34:18,000
Speaker 1: I think robin Hood category robin.

678
00:34:17,719 --> 00:34:22,960
Speaker 2: Hood can be good for what it is, but I

679
00:34:23,080 --> 00:34:27,920
Speaker 2: personally do not use robin Hood because I like Fidelity

680
00:34:27,920 --> 00:34:30,440
Speaker 2: from a perspective of the research tools and things that

681
00:34:30,480 --> 00:34:33,560
Speaker 2: it provide. Like Infidelity, it would give you as much

682
00:34:33,600 --> 00:34:36,319
Speaker 2: information on the stop before you make the purchase. It'll

683
00:34:36,360 --> 00:34:40,400
Speaker 2: tell you whether they suggest it's a sell by, strong

684
00:34:40,480 --> 00:34:44,440
Speaker 2: By or hold. And it has articles underneath every stop

685
00:34:44,440 --> 00:34:46,400
Speaker 2: for you to kind of read and do some due diligence.

686
00:34:46,880 --> 00:34:48,640
Speaker 2: And it's just those type of things that I think

687
00:34:48,719 --> 00:34:51,480
Speaker 2: kind of separate it from other platforms because it gives

688
00:34:51,480 --> 00:34:55,440
Speaker 2: you information in a world where everyone wants to be

689
00:34:55,480 --> 00:34:58,000
Speaker 2: an expert and TikTok wants to be like you want

690
00:34:58,040 --> 00:34:59,960
Speaker 2: to get as many reliable resources as POSSI.

691
00:35:01,440 --> 00:35:03,279
Speaker 1: That makes no noise of them, that makes nice.

692
00:35:03,560 --> 00:35:04,799
Speaker 2: Thank you. Three times.

693
00:35:07,320 --> 00:35:17,680
Speaker 1: We had questions. Anybody questions, Yeah, use your car? Yeah yeah,

694
00:35:17,840 --> 00:35:27,640
Speaker 1: can I bring that yeah? Yeah, oh so so if

695
00:35:27,680 --> 00:35:29,959
Speaker 1: I can finish the statement? It was if you can

696
00:35:30,239 --> 00:35:32,160
Speaker 1: buy if you're buying food on a credit card. But

697
00:35:32,239 --> 00:35:35,520
Speaker 1: not paying it off, because then you're paying more for

698
00:35:35,719 --> 00:35:37,880
Speaker 1: the food than you actually think you are in the moment.

699
00:35:38,239 --> 00:35:40,520
Speaker 1: So if you're carrying at if you're carrying a balance

700
00:35:40,600 --> 00:35:43,040
Speaker 1: and you're buying food and you think you bought ten

701
00:35:43,120 --> 00:35:45,200
Speaker 1: dollars worth of food, and but you carried it over

702
00:35:45,239 --> 00:35:48,520
Speaker 1: the month, you're actually paying about fifteen. Yeah. Yeah, yeah,

703
00:35:48,560 --> 00:35:50,480
Speaker 1: so I had to find I mean, I'm glad you

704
00:35:50,520 --> 00:35:54,200
Speaker 1: brought that up. Yeah. Yeah. Same thing for gas too,

705
00:35:54,280 --> 00:35:56,920
Speaker 1: Like if you're if you're buying gas at three fifty

706
00:35:56,960 --> 00:35:59,040
Speaker 1: or whatever it is four oh three right now, and

707
00:35:59,080 --> 00:36:01,399
Speaker 1: you're using it a credit car, pay the credit card off,

708
00:36:01,440 --> 00:36:04,160
Speaker 1: because if you don't, you're paying more for gas than

709
00:36:04,200 --> 00:36:06,280
Speaker 1: you think you are in the moment because you carried

710
00:36:06,280 --> 00:36:07,760
Speaker 1: it over over that thirty days.

711
00:36:07,880 --> 00:36:11,319
Speaker 2: And I will admit points are great, but points come

712
00:36:11,360 --> 00:36:14,400
Speaker 2: at a responsibility, right as long as you're doing it effectively.

713
00:36:14,920 --> 00:36:17,680
Speaker 2: I've taken trips off points before, so I love the

714
00:36:17,719 --> 00:36:21,600
Speaker 2: ideal points, but it's just letting those balances carry. We're

715
00:36:21,640 --> 00:36:24,839
Speaker 2: at twenty percent like that. It can get rough over

716
00:36:24,920 --> 00:36:25,440
Speaker 2: a long.

717
00:36:25,239 --> 00:36:30,480
Speaker 1: Perio, real quick, real quick. Yeah, thank you, other questions,

718
00:36:31,200 --> 00:36:49,919
Speaker 1: Happy to tell you one or two more? Yes, yeah,

719
00:36:49,960 --> 00:36:52,120
Speaker 1: So The question was, how do you like what tools

720
00:36:52,120 --> 00:36:54,280
Speaker 1: can you use other things to learn how to budget

721
00:36:54,320 --> 00:36:58,800
Speaker 1: and do it efficiently and effectively appropriate electronically.

722
00:36:58,800 --> 00:37:00,680
Speaker 2: One of the things or one of the platforms I

723
00:37:00,760 --> 00:37:04,439
Speaker 2: really loved, it's Meant Meant just got bought though by

724
00:37:05,120 --> 00:37:10,320
Speaker 2: Turroo tax slash Intuism, so they've moved it into credit Karma.

725
00:37:10,960 --> 00:37:14,640
Speaker 2: Credit Karma is a good platform that I recommend. Empower

726
00:37:14,960 --> 00:37:18,360
Speaker 2: is another one. I also have a spreadsheet. If you

727
00:37:18,400 --> 00:37:21,239
Speaker 2: don't want to like do it through the software, you

728
00:37:21,239 --> 00:37:24,600
Speaker 2: can go to my ig boardroom vision and the link

729
00:37:24,640 --> 00:37:27,240
Speaker 2: in my bio you can go and download a budget

730
00:37:27,239 --> 00:37:29,920
Speaker 2: spreadsheet there as well. It kind of it maps out

731
00:37:29,920 --> 00:37:33,879
Speaker 2: everything and to calculate your networth as well. It's it's

732
00:37:33,880 --> 00:37:37,839
Speaker 2: a pretty very nuanced spreadsheet, so you know, you can

733
00:37:37,960 --> 00:37:39,640
Speaker 2: you can do a couple of different ways. But I

734
00:37:39,640 --> 00:37:42,279
Speaker 2: have it split out to where you have your reoccurring

735
00:37:42,280 --> 00:37:47,160
Speaker 2: expenses first, then your what I call variable expenses things

736
00:37:47,200 --> 00:37:50,960
Speaker 2: that can change to where you can manipulate, and then

737
00:37:51,560 --> 00:37:54,400
Speaker 2: your your income your income as well as your total

738
00:37:54,400 --> 00:37:56,560
Speaker 2: expense to show what you should be saving per month.

739
00:37:57,800 --> 00:38:32,680
Speaker 1: Well that great, so yeah, let me let me repeat

740
00:38:32,680 --> 00:38:34,960
Speaker 1: the question for the question is you know, you talked

741
00:38:34,960 --> 00:38:37,359
Speaker 1: about the black wealth renaissance, and there's reports saying that

742
00:38:37,480 --> 00:38:40,400
Speaker 1: are the black net worth in the country, you be

743
00:38:40,520 --> 00:38:44,239
Speaker 1: close to zero in twenty issuyars, What are things we

744
00:38:44,280 --> 00:38:46,319
Speaker 1: can do to make sure that we're not a part

745
00:38:46,360 --> 00:38:47,440
Speaker 1: of that statistic?

746
00:38:48,360 --> 00:38:52,040
Speaker 2: Number one, continue conversations like this. All of this starts

747
00:38:52,040 --> 00:38:54,800
Speaker 2: with these types of conversations. Right, we have to educate ourselves.

748
00:38:54,800 --> 00:38:58,040
Speaker 2: We oftentimes say financial literacy. I like to say financial

749
00:38:58,120 --> 00:39:02,200
Speaker 2: authority because knowing is one thing, but taking action off

750
00:39:02,239 --> 00:39:04,240
Speaker 2: what we know is another thing. Right, Like, we can't

751
00:39:04,280 --> 00:39:06,840
Speaker 2: just sit and know the information without then going in

752
00:39:06,920 --> 00:39:10,400
Speaker 2: and trying to implement it. Number Two, we have to

753
00:39:10,560 --> 00:39:15,480
Speaker 2: really start pushing ownership. Ownership from businesses, ownership from stocks,

754
00:39:15,800 --> 00:39:19,120
Speaker 2: ownership from real estate. Uh. We really s have to

755
00:39:19,239 --> 00:39:21,160
Speaker 2: lean into that a lot more. And it starts with

756
00:39:21,200 --> 00:39:25,200
Speaker 2: the conversation though. But ownership is how we how we

757
00:39:25,239 --> 00:39:25,719
Speaker 2: combat that.

758
00:39:26,719 --> 00:39:31,719
Speaker 1: We got one more one more question. Hey, I knew

759
00:39:31,719 --> 00:39:32,960
Speaker 1: it was you. I had a feeling that it was

760
00:39:33,000 --> 00:39:33,760
Speaker 1: gonna be you.

761
00:39:34,239 --> 00:39:34,399
Speaker 2: Yeah.

762
00:39:34,440 --> 00:39:45,680
Speaker 1: Some just said her arms wants to go up. Yeah yeah, but.

763
00:39:55,000 --> 00:40:00,640
Speaker 2: Yeah, I steel for life.

764
00:40:00,680 --> 00:40:02,320
Speaker 3: So everything that you guys.

765
00:40:02,080 --> 00:40:03,280
Speaker 2: Are hearing, even though it's kind.

766
00:40:03,120 --> 00:40:06,000
Speaker 3: Of like do do do? Please take this advice cause

767
00:40:06,080 --> 00:40:08,520
Speaker 3: a lot of visits. I would have had the proper

768
00:40:10,239 --> 00:40:14,200
Speaker 3: education at twenty YadA, YadA yad, I would be in

769
00:40:14,280 --> 00:40:18,360
Speaker 3: a better place. But let's say I am at.

770
00:40:18,239 --> 00:40:19,279
Speaker 2: The age and I know where.

771
00:40:19,280 --> 00:40:22,640
Speaker 3: We keep asking about balancing your budget, et cetera, et cetera.

772
00:40:22,760 --> 00:40:27,719
Speaker 3: But what would you say would be an easy amount

773
00:40:28,360 --> 00:40:28,879
Speaker 3: to take?

774
00:40:29,440 --> 00:40:30,640
Speaker 2: And where would I take.

775
00:40:30,560 --> 00:40:35,840
Speaker 3: That money to start my first opportunity to see growth?

776
00:40:35,960 --> 00:40:37,600
Speaker 3: Is it like I have fifty.

777
00:40:37,320 --> 00:40:39,520
Speaker 1: Dollars, I can put this fifty dollars.

778
00:40:39,080 --> 00:40:41,359
Speaker 3: To a new words, et cetera. I say you ten

779
00:40:41,400 --> 00:40:44,320
Speaker 3: dollars for five months, just fifty dollars or whatever it is.

780
00:40:44,360 --> 00:40:46,440
Speaker 3: What's my goal and I'm taking it to do whatever

781
00:40:46,880 --> 00:40:47,399
Speaker 3: can you give?

782
00:40:48,200 --> 00:40:49,120
Speaker 2: And I would say us.

783
00:40:48,960 --> 00:40:53,000
Speaker 3: Cause I'm ready to start. Yeah, but us and and

784
00:40:53,120 --> 00:40:55,920
Speaker 3: a really easy project that we could do and what

785
00:40:56,160 --> 00:40:58,040
Speaker 3: we will be able to see growth and it'll give

786
00:40:58,200 --> 00:40:59,720
Speaker 3: give us that excitement we need.

787
00:41:01,080 --> 00:41:03,480
Speaker 1: Absolutely. So the question is what can we do with

788
00:41:03,719 --> 00:41:06,600
Speaker 1: smaller increments of money to start to invest and see

789
00:41:06,600 --> 00:41:07,640
Speaker 1: and actually see growth?

790
00:41:07,920 --> 00:41:10,560
Speaker 2: Right? Uh? And first, whenever we have that conversation, I

791
00:41:10,560 --> 00:41:13,440
Speaker 2: don't wanna downplay the idea of small right, because every

792
00:41:13,480 --> 00:41:16,560
Speaker 2: investment is a good investment, right, so long as it's

793
00:41:16,600 --> 00:41:20,879
Speaker 2: in the right asset. So when we oftentimes think small, uh,

794
00:41:20,960 --> 00:41:23,640
Speaker 2: it can kind of ch it, it can kind of

795
00:41:23,640 --> 00:41:27,640
Speaker 2: prevent us from going in with the right mindset. But

796
00:41:27,760 --> 00:41:32,160
Speaker 2: small increments over time is huge if we if we

797
00:41:32,200 --> 00:41:34,000
Speaker 2: do it right, which goes back to my dollar cost

798
00:41:34,120 --> 00:41:37,719
Speaker 2: average idea, Uh well not my ideal, but yeah idea.

799
00:41:37,760 --> 00:41:40,600
Speaker 2: And this the industry being able every time you get

800
00:41:40,640 --> 00:41:44,600
Speaker 2: paid taking ten, fifteen, twenty, thir whatever you can spare.

801
00:41:45,040 --> 00:41:47,239
Speaker 2: I call it lunch money right like things to where

802
00:41:47,280 --> 00:41:49,640
Speaker 2: you know what if I eat out less once a week,

803
00:41:50,160 --> 00:41:53,080
Speaker 2: can I throw that into a an account every week

804
00:41:53,200 --> 00:41:57,359
Speaker 2: every uh by week, consistently build the habit is. It's

805
00:41:57,440 --> 00:41:59,759
Speaker 2: just like going back to the gym. Ideal going to

806
00:41:59,760 --> 00:42:02,360
Speaker 2: the g once is gonna do nothing, but going to

807
00:42:02,400 --> 00:42:05,839
Speaker 2: the gym once every day, even if it's just ten

808
00:42:05,960 --> 00:42:09,560
Speaker 2: fifteen minutes. Over time, you're going to start to see change.

809
00:42:09,880 --> 00:42:12,640
Speaker 2: And if you do fifteen dollars, twenty dollars whatever you

810
00:42:12,719 --> 00:42:15,480
Speaker 2: guys can afford, you'll look up and see over a

811
00:42:15,520 --> 00:42:19,919
Speaker 2: two year, three year span if you know interest rates

812
00:42:20,000 --> 00:42:22,560
Speaker 2: or not interest rates, but returns are anywhere between five

813
00:42:22,560 --> 00:42:24,440
Speaker 2: to ten percent. They've been a lot higher over the

814
00:42:24,520 --> 00:42:27,600
Speaker 2: last year or so. But you're gonna see growth on it,

815
00:42:27,640 --> 00:42:29,719
Speaker 2: and it's gonna make you excited to where now you're

816
00:42:29,719 --> 00:42:32,200
Speaker 2: gonna go in, learn a little bit more, You're gonna

817
00:42:32,200 --> 00:42:34,319
Speaker 2: probably invest a little bit more because your income is

818
00:42:34,320 --> 00:42:37,000
Speaker 2: probably going up, and it just it builds you up

819
00:42:37,040 --> 00:42:38,880
Speaker 2: to be more confident in it, because a lot of

820
00:42:38,920 --> 00:42:42,080
Speaker 2: this is really the idea of fear. Right. We're scared,

821
00:42:42,120 --> 00:42:43,799
Speaker 2: We're like, I don't really know, I don't know where

822
00:42:43,840 --> 00:42:45,600
Speaker 2: to go, I don't know what to do, and you

823
00:42:45,760 --> 00:42:48,200
Speaker 2: just prevent us. You talk yourself out of the idea

824
00:42:48,320 --> 00:42:50,960
Speaker 2: making the first step, when in reality, it's making the

825
00:42:50,960 --> 00:42:52,759
Speaker 2: first step that's going to get you in the door.

826
00:42:52,840 --> 00:42:55,440
Speaker 2: You're gonna learn and become more of an expert of

827
00:42:55,480 --> 00:42:58,440
Speaker 2: your own money, even if you're not a financial advisor,

828
00:42:58,480 --> 00:43:01,120
Speaker 2: financial coach, whatever the case may be, you gonna know

829
00:43:01,320 --> 00:43:04,640
Speaker 2: enough to be dangerous to where over time is gonna

830
00:43:04,719 --> 00:43:07,520
Speaker 2: naturally do what it naturally does. And again, a few

831
00:43:07,560 --> 00:43:10,719
Speaker 2: brokenge accounts that I always recommend. Empower is a good

832
00:43:10,719 --> 00:43:13,400
Speaker 2: one for them, is a good one even for situations

833
00:43:13,440 --> 00:43:16,919
Speaker 2: like this, I suggest Robinhood because it's easy, but again

834
00:43:16,960 --> 00:43:19,040
Speaker 2: you have to fully vet those type of resources and

835
00:43:19,080 --> 00:43:21,319
Speaker 2: make sure that you're putting it in quality assets. Some

836
00:43:21,360 --> 00:43:24,359
Speaker 2: of the quality assets that I tend to recommend are

837
00:43:24,440 --> 00:43:27,520
Speaker 2: things that follow an index. Who knows what the dal

838
00:43:27,640 --> 00:43:32,640
Speaker 2: Jones is, dal Jones, the Nasdaq right S and P

839
00:43:32,800 --> 00:43:37,239
Speaker 2: five hundred. Yeah, these are quality a UH indexes that

840
00:43:37,480 --> 00:43:41,040
Speaker 2: are followed every day on your CNBC's every financial network

841
00:43:41,120 --> 00:43:44,359
Speaker 2: financial station. I try to find ETFs that mirror those

842
00:43:44,480 --> 00:43:48,480
Speaker 2: indexes and just put it in those I honestly, personally

843
00:43:48,520 --> 00:43:51,880
Speaker 2: don't think anyone should own individuals stops until they get

844
00:43:51,920 --> 00:43:55,319
Speaker 2: at least ten thousand dollars UH, because diversity is the

845
00:43:55,360 --> 00:43:59,200
Speaker 2: best policy when it comes to investing. But with diversity,

846
00:43:59,680 --> 00:44:02,800
Speaker 2: you get that in an index. So it's the easiest

847
00:44:02,800 --> 00:44:06,520
Speaker 2: way to be DIVERSI collection, yes, because basically your S

848
00:44:06,560 --> 00:44:10,280
Speaker 2: and P five hundred is the best five hundred companies,

849
00:44:11,000 --> 00:44:13,800
Speaker 2: but you're buying a fraction of the share of those companies.

850
00:44:14,200 --> 00:44:16,720
Speaker 2: So I mean, you're getting all the benefits of owning

851
00:44:16,960 --> 00:44:19,080
Speaker 2: those five hundred companies, but you're doing it at a

852
00:44:19,120 --> 00:44:21,440
Speaker 2: fraction of the price. So it makes it that much

853
00:44:21,520 --> 00:44:23,640
Speaker 2: easier to start. So now you don't have to really

854
00:44:23,920 --> 00:44:26,319
Speaker 2: worry about and check your account every day. You're just

855
00:44:26,360 --> 00:44:29,759
Speaker 2: knowing it's going into something quality, something diverse, and you

856
00:44:29,800 --> 00:44:32,560
Speaker 2: can consistently do it to build that muscle to understand

857
00:44:32,560 --> 00:44:33,440
Speaker 2: what you're investing in.

858
00:44:33,600 --> 00:44:35,560
Speaker 1: I love that he leaned out of the word small.

859
00:44:35,560 --> 00:44:37,600
Speaker 1: I'm gonna lean into the word small, and I'm gonna

860
00:44:37,600 --> 00:44:41,239
Speaker 1: say this that he talked about, you know, personal development,

861
00:44:41,280 --> 00:44:43,799
Speaker 1: investing in yourself. I'm gonna say, if you got twenty

862
00:44:43,840 --> 00:44:47,200
Speaker 1: five dollars a week, twenty fives a month, invest in yourself.

863
00:44:47,360 --> 00:44:49,320
Speaker 1: You know, Like for me and what I've done, I

864
00:44:49,360 --> 00:44:51,840
Speaker 1: don't listen to music in the car. I listen to

865
00:44:51,920 --> 00:44:55,200
Speaker 1: podcasts and audiobooks because that's an hour a day or

866
00:44:55,239 --> 00:44:57,680
Speaker 1: an hour and a half a day, sixteen dollars a

867
00:44:57,680 --> 00:45:00,440
Speaker 1: month I can use on audible or whatever every other

868
00:45:00,600 --> 00:45:04,400
Speaker 1: podcasts or such and such to invest in myself. You know,

869
00:45:04,440 --> 00:45:06,960
Speaker 1: there's people who because they can't do twenty five push ups,

870
00:45:06,960 --> 00:45:10,400
Speaker 1: they won't do five and not actually actually hurting yourself,

871
00:45:10,480 --> 00:45:13,080
Speaker 1: because if you do five every day, ultimately you'll do six,

872
00:45:13,360 --> 00:45:15,520
Speaker 1: you'll do seven, and before you know what, you got

873
00:45:15,560 --> 00:45:18,480
Speaker 1: twenty five. So that's growth that you're asking for and

874
00:45:18,520 --> 00:45:21,920
Speaker 1: So if you decide to take little increments of your day,

875
00:45:21,960 --> 00:45:24,520
Speaker 1: those small things that you talked about, that little bit

876
00:45:24,560 --> 00:45:27,280
Speaker 1: of money, and you diverted from spending it on something

877
00:45:27,280 --> 00:45:30,360
Speaker 1: that that might not necessarily be serving you to something

878
00:45:30,400 --> 00:45:32,279
Speaker 1: that does serve you. And it could be as little

879
00:45:32,320 --> 00:45:34,640
Speaker 1: as a book, could be, as little as you know,

880
00:45:34,680 --> 00:45:38,040
Speaker 1: an audiobook or something like that, a seminar, a class

881
00:45:38,040 --> 00:45:41,640
Speaker 1: that you take, a certificate program online, you will see growth.

882
00:45:41,880 --> 00:45:46,840
Speaker 1: So yeah, Benjamin Homes, guys, make some more, then go ahead,

883
00:45:47,160 --> 00:45:47,800
Speaker 1: Oh go ahead.

884
00:45:47,800 --> 00:45:51,399
Speaker 2: My last thing, my socials or boardroom vision. I want

885
00:45:51,400 --> 00:45:53,960
Speaker 2: to do something because I truly, truly believe not only

886
00:45:54,160 --> 00:45:57,800
Speaker 2: in this idea of financial wealth, but sowing into our

887
00:45:57,880 --> 00:46:01,879
Speaker 2: young people. Follow me on all our all my platforms.

888
00:46:02,040 --> 00:46:05,719
Speaker 2: I'm on Facebook, I'm on YouTube, and I'm on igh

889
00:46:06,040 --> 00:46:08,279
Speaker 2: for all the students. If you follow me and send

890
00:46:08,320 --> 00:46:10,640
Speaker 2: me a message, I will put you in a random

891
00:46:10,680 --> 00:46:14,680
Speaker 2: sampling tonight to start you with five hundred dollars to

892
00:46:14,840 --> 00:46:19,160
Speaker 2: invest tomorrow in some of those ETFs that I mentioned,

893
00:46:19,320 --> 00:46:21,920
Speaker 2: and that'll come out my personal pocket. But you have

894
00:46:22,000 --> 00:46:24,160
Speaker 2: to follow like I have to check and make sure

895
00:46:24,280 --> 00:46:27,000
Speaker 2: you did everything we requested. But I want to make

896
00:46:27,000 --> 00:46:31,320
Speaker 2: sure I see into someone in this room before before

897
00:46:31,320 --> 00:46:31,840
Speaker 2: the weekend.

898
00:46:32,000 --> 00:46:34,480
Speaker 1: I like that. I'll make a noise to that. Yeah,

899
00:46:34,840 --> 00:46:36,759
Speaker 1: what what's the social again?

900
00:46:36,840 --> 00:46:40,239
Speaker 2: The socials are boardroom, vision and brooms across the board,

901
00:46:40,320 --> 00:46:43,359
Speaker 2: Facebook and YouTube as well as IG. And make sure

902
00:46:43,400 --> 00:46:45,480
Speaker 2: you send me a note on IG just to confirm

903
00:46:45,560 --> 00:46:47,200
Speaker 2: that you did it, because that's how you're going to

904
00:46:47,280 --> 00:46:49,200
Speaker 2: be entered into a random sampling. I'll probably do the

905
00:46:49,239 --> 00:46:51,799
Speaker 2: random sampling on the live just to confirm that it

906
00:46:51,880 --> 00:46:55,319
Speaker 2: is completely random. But you know, I want to make

907
00:46:55,360 --> 00:46:57,319
Speaker 2: sure I see it until someone here today. Yeah.

908
00:46:57,400 --> 00:46:59,520
Speaker 1: Big up to State Farm again for investing in this

909
00:46:59,560 --> 00:47:04,680
Speaker 1: financial literacy opportunity for you guys. Everybody at Black Effect

910
00:47:04,719 --> 00:47:06,759
Speaker 1: and Black Tech Green Money, we talk about these kind

911
00:47:06,800 --> 00:47:09,320
Speaker 1: of things every week. Every Tuesday we drop a new episode,

912
00:47:09,320 --> 00:47:12,560
Speaker 1: So subscribe, share if you believe that this will help

913
00:47:12,600 --> 00:47:15,720
Speaker 1: somebody that you know. Good being with you guys, absolutely,

914
00:47:15,800 --> 00:47:17,200
Speaker 1: thank you job.

915
00:47:17,400 --> 00:47:18,359
Speaker 2: I'm an us