WEBVTT - Study Hall: Black Home Appraisals & The World's Richest Black Person 0:00:00.040 --> 0:00:03.600 An illegal alien from Guatemala charged with raping a child 0:00:03.680 --> 0:00:07.480 in Massachusetts. An MS thirteen gang member from Al Salvador 0:00:07.720 --> 0:00:11.840 accused of murdering a Texas man of Venezuelan charged with 0:00:11.920 --> 0:00:15.840 filming and selling child pornography in Michigan. These are just 0:00:15.920 --> 0:00:19.680 some of the heinous migrant criminals caught because of President 0:00:19.720 --> 0:00:20.159 Donald J. 0:00:20.239 --> 0:00:21.200 Trump's leadership. 0:00:21.480 --> 0:00:25.079 I'm Christy nom the United States Secretary of Homeland Security. 0:00:25.440 --> 0:00:29.200 Under President Trump, attempted illegal border crossings are at the 0:00:29.240 --> 0:00:33.080 lowest levels ever recorded, and over one hundred thousand illegal 0:00:33.120 --> 0:00:36.920 aliens have been arrested. If you are here illegally, your 0:00:37.040 --> 0:00:41.160 next you will be fined nearly one thousand dollars a day, imprisoned, 0:00:41.479 --> 0:00:42.160 and deported. 0:00:42.600 --> 0:00:43.800 You will never return. 0:00:44.120 --> 0:00:47.120 But if you register using our CBP home app and 0:00:47.240 --> 0:00:50.559 leave now, you could be allowed to return legally. Do 0:00:50.680 --> 0:00:55.800 what's right. Leave now. Under President Trump, America's laws, border 0:00:56.000 --> 0:00:57.840 and families will be protected. 0:00:57.920 --> 0:01:07.679 Sponsored by the United States Department of Homeland Security earners. 0:01:07.720 --> 0:01:08.200 Listen up. 0:01:08.400 --> 0:01:10.760 When people all around the world first started going out 0:01:10.760 --> 0:01:13.280 protesting this summer, you'd hear it over and over. 0:01:13.880 --> 0:01:15.759 This time is different. 0:01:15.720 --> 0:01:17.960 But how and who are the people trying to make 0:01:18.000 --> 0:01:22.120 it Different and Gimlet's new podcast, Resistance Posts SAYI T. 0:01:22.319 --> 0:01:23.279 John Thomas Jr. 0:01:23.440 --> 0:01:25.480 Brings us stories from the front lines of the movement 0:01:25.560 --> 0:01:28.639 for Black lives, told by the generation fighting for the change. 0:01:29.000 --> 0:01:31.440 It's a show about people refusing to accept things as 0:01:31.480 --> 0:01:33.680 they are and how we can make sure this time 0:01:33.920 --> 0:01:37.360 really is different. Resistance is out now, follow and listen 0:01:37.480 --> 0:01:43.800 for free on Spotify. 0:01:44.760 --> 0:01:48.240 My graduates from my school being forced. 0:01:48.080 --> 0:01:52.280 Back drop Mike drop backdrop. 0:02:03.480 --> 0:02:06.880 Today we're going to talk about appraisals right home appraisals, 0:02:06.880 --> 0:02:09.399 and we're going to attack it from a different standpoint. 0:02:09.440 --> 0:02:11.160 So I actually wrote a post about this on my 0:02:11.200 --> 0:02:14.040 Instagram page a while back, if anybody follows me. So, 0:02:14.760 --> 0:02:17.680 there was a recent study by the Bookings Institute in 0:02:17.760 --> 0:02:22.120 Gallop which shows that homes and majority black neighborhoods are 0:02:22.200 --> 0:02:26.959 undervalued during their pazel process by forty eight thousand dollars 0:02:27.000 --> 0:02:30.280 per home, which amounts to one hundred and fifty six 0:02:30.360 --> 0:02:35.000 billion dollars in cumulative losses nationwide. So what happens is 0:02:35.040 --> 0:02:38.799 that they're saying that black homes are valued at twenty 0:02:38.840 --> 0:02:42.400 three percent lower than the white counterparts. So obviously how 0:02:42.440 --> 0:02:45.200 they do that is that they base it like the 0:02:45.200 --> 0:02:48.040 same home. Right, so it has to be like three bedroom, 0:02:48.240 --> 0:02:51.119 two bath home and a black neighborhood three bedroom, Yeah, 0:02:51.160 --> 0:02:53.600 exactly comparable what we call in the real estate industry comparables. 0:02:53.639 --> 0:02:53.760 Right. 0:02:53.760 --> 0:02:56.240 So they're not going to compare a one bedroom apartment 0:02:56.240 --> 0:02:58.919 to a mansion. They compare the same exact home, same 0:02:58.960 --> 0:03:00.480 exact space, backyard, all of. 0:03:00.400 --> 0:03:02.240 That stuff within the same zip code. 0:03:02.840 --> 0:03:06.880 Right. So on average, the black home is value that 0:03:07.080 --> 0:03:11.000 forty eight thousand less than the white home. So what 0:03:11.080 --> 0:03:14.280 happens is that now it affects people in a lot 0:03:14.320 --> 0:03:17.280 of different ways. Right. So now when you have less 0:03:18.480 --> 0:03:21.639 value when you sell your home, right, you're getting less money, right, 0:03:21.720 --> 0:03:25.200 You're also it lowers your net worth, Right, it lowers 0:03:25.400 --> 0:03:27.720 your equity that you can borrow from because the value 0:03:27.720 --> 0:03:29.440 of the home is less. So it's a lot of 0:03:29.480 --> 0:03:32.160 negative effects for that. Right. So some people will say, okay, well, 0:03:32.600 --> 0:03:37.680 the reason that the black homes and then black neighborhoods 0:03:37.720 --> 0:03:43.040 are lower than white neighborhoods is because black neighborhoods, unfortunately, 0:03:43.080 --> 0:03:45.400 a lot of times you have higher crime rates. It 0:03:45.680 --> 0:03:48.920 sometimes maybe a longer commute, bad schools, So all of 0:03:48.960 --> 0:03:51.160 that stuff plays a factor in the home value, right, 0:03:51.160 --> 0:03:54.480 and that's true, But the studies showed that that only 0:03:54.480 --> 0:04:00.640 accounts for actually half of the devaluation. So what happened 0:04:00.640 --> 0:04:02.520 to the other seventy eight billion? Right, So that only 0:04:02.520 --> 0:04:05.080 accounted for one seventy eight billion, But the other seventy 0:04:05.120 --> 0:04:07.520 eight billion is not accounting for in all those other factors. 0:04:07.560 --> 0:04:10.400 So this is what the study show, not me. So 0:04:11.200 --> 0:04:13.880 the Booking Institute, the Gallop, they came to the conclusion 0:04:13.920 --> 0:04:18.040 that the other seventy eight billion dollars in devaluation was 0:04:18.839 --> 0:04:21.280 solely due to one thing. You know what that one 0:04:21.320 --> 0:04:24.359 thing is, Go ahead, tell me racism. Right. They just 0:04:24.400 --> 0:04:28.719 said that they just valued black homes lower. Right, when 0:04:28.720 --> 0:04:31.760 appraiser comes, he just looks at a black home as 0:04:31.800 --> 0:04:35.160 being worse less than a white home. It's just that's 0:04:35.200 --> 0:04:37.360 what it is. That's what that's what it accounted for. Right. 0:04:37.720 --> 0:04:42.280 So this is a troubling statistic, right, for a lot 0:04:42.279 --> 0:04:46.280 of different reasons. But the main reason is that, you know, 0:04:46.800 --> 0:04:48.560 one of the things that you know, you always taught 0:04:48.600 --> 0:04:51.919 in America is that you do good you buy a home. 0:04:52.080 --> 0:04:53.960 You know, that's like the number one way to preserve 0:04:54.000 --> 0:04:56.000 wealth for your family, do the right things, and you 0:04:56.000 --> 0:05:00.000 can sell your home. But now, ay, it's already discriminory, 0:05:00.120 --> 0:05:03.080 discriminatory practices and actually buying a home, right dude, that's 0:05:03.080 --> 0:05:06.159 been proven. And now even if you do buy the home, 0:05:07.040 --> 0:05:10.560 it's devalued just because you live in it. Right. So 0:05:11.279 --> 0:05:14.560 it was interesting when I wrote that story because a 0:05:14.600 --> 0:05:17.520 lot of people were going back and forth like, well, 0:05:17.560 --> 0:05:20.920 I don't believe that. It's like, you know, a lot 0:05:20.920 --> 0:05:24.200 of people don't believe that racism is actually real thing. 0:05:24.240 --> 0:05:25.760 But the thing about it is that it doesn't even 0:05:25.760 --> 0:05:28.800 affect people just in black neighborhood. They can affect white 0:05:28.839 --> 0:05:33.360 a black family living in a white neighborhood. Right. So, 0:05:33.920 --> 0:05:36.000 as I said, so, a lot of times people were saying, like, 0:05:36.080 --> 0:05:38.320 this is just made up. I don't believe it. So 0:05:38.520 --> 0:05:44.200 now being that we have a personal story to confirm it, 0:05:45.480 --> 0:05:46.679 you're going to go into your story. 0:05:46.839 --> 0:05:47.039 Yeah. 0:05:47.120 --> 0:05:48.839 You know what, when you wrote the article and I 0:05:48.880 --> 0:05:50.680 had no idea you were writing an article, I thought 0:05:50.800 --> 0:05:53.480 you were writing it about me. I honestly were like, yo, 0:05:53.680 --> 0:05:54.960 this guy just wrote my story. 0:05:55.000 --> 0:05:55.600 And I called you. 0:05:55.640 --> 0:05:58.160 I'm like you serious, and you're like, nah, this is 0:05:58.200 --> 0:06:02.039 like factuals to the evidence and I'm like, oh wow, 0:06:02.120 --> 0:06:03.080 this is really happening. 0:06:03.120 --> 0:06:07.680 So two years ago, almost about two years ago, I 0:06:07.760 --> 0:06:08.040 was in. 0:06:08.000 --> 0:06:11.440 The process of buying a home and that comes, let's 0:06:11.480 --> 0:06:14.000 go back. I wasn't going to be in the process 0:06:14.040 --> 0:06:16.120 if it wasn't for you. And that was part of 0:06:16.160 --> 0:06:20.160 the early leisure conversation. My family was about to move 0:06:20.240 --> 0:06:22.240 and you were like, hey, why don't you go. 0:06:22.200 --> 0:06:22.839 In and buy a home? 0:06:22.920 --> 0:06:24.760 And I was like, I had not getten any thought. 0:06:24.800 --> 0:06:27.360 I'm like, you know what, maybe maybe you was shot out, 0:06:27.440 --> 0:06:30.400 maybe I should do this. So you sparked that in 0:06:30.440 --> 0:06:32.800 my mind, I'm like, all right, Well, I presented the 0:06:32.880 --> 0:06:35.400 proposal to my family and they were like, let's do this. 0:06:35.760 --> 0:06:37.320 And one of the things we had to do was 0:06:37.360 --> 0:06:38.200 get the house of Praise. 0:06:39.040 --> 0:06:43.919 Now, my family bought the home in twenty ten, and 0:06:44.800 --> 0:06:48.360 the house was valued at five hundred and seventy five thousand. 0:06:48.520 --> 0:06:50.800 That's what it was valued at. We bought it for 0:06:50.839 --> 0:06:54.679 five hundred and twenty five thousand. That was a purchase 0:06:54.680 --> 0:06:59.159 price in twenty ten. Long story short, part of my 0:06:59.200 --> 0:07:01.279 family wanted to move moved to another area, so I 0:07:01.320 --> 0:07:04.360 came in and went in on a deal with my 0:07:04.800 --> 0:07:09.039 father and we got the house and the process of 0:07:09.160 --> 0:07:13.400 appraisal was an alarming one because when he the appraisal 0:07:13.560 --> 0:07:15.600 I won't say his name, we're actually still in there. 0:07:15.840 --> 0:07:17.960 We wrote a Consumer Reports review about it. 0:07:18.760 --> 0:07:23.080 The appraisal man came in and said that the house 0:07:23.120 --> 0:07:26.520 had devalued. Now we have added things to the home, 0:07:26.920 --> 0:07:29.880 you know, the typical things obviously stand still, furniture, I 0:07:29.880 --> 0:07:32.520 mean stay in still, appliances, would floors, all all the 0:07:32.560 --> 0:07:35.040 things that you would add to, you know, increase value 0:07:35.080 --> 0:07:38.320 in your home. And in the eight year, eight year period, 0:07:38.520 --> 0:07:41.880 the house went from being purchased at five hundred and 0:07:41.880 --> 0:07:45.160 twenty five thousand to now being five hundred and ten thousand. 0:07:45.440 --> 0:07:47.840 So all right, so you bought a house in New York, 0:07:48.400 --> 0:07:50.720 in the suburbs of New York west Chester, which is 0:07:50.720 --> 0:07:53.880 anybody's not familiar. It's affluent, prey affluent neighborhood. 0:07:53.480 --> 0:07:54.320 White plans in New York. 0:07:54.440 --> 0:07:57.480 Okay, so you buy a house for five hundred and. 0:07:58.040 --> 0:08:02.040 How much five hundred and twenty five thousand, ten Yeah, 0:08:02.360 --> 0:08:04.960 seven years where there is no market correction. 0:08:05.400 --> 0:08:07.760 Real estate has only gone up in New York and 0:08:07.800 --> 0:08:10.200 across America as a whole. 0:08:10.200 --> 0:08:12.280 But definitely and especially in this neighborhood. 0:08:12.440 --> 0:08:15.200 Okay, you made improvements, you made improvements to the home, 0:08:16.200 --> 0:08:20.120 and he said that the home was devalued by fifteen thousand. 0:08:20.200 --> 0:08:21.040 Fifteen thousand. 0:08:21.120 --> 0:08:23.120 Yeah, so like when you look at that, it's like, 0:08:23.120 --> 0:08:25.280 oh wait, that's kind of crazy. But then you look 0:08:25.320 --> 0:08:29.280 at the comparables because that's part of the appraisal process too. 0:08:29.760 --> 0:08:32.640 So I looked at the comparables. Six hundred, six hundred 0:08:32.640 --> 0:08:36.720 and fifty six hundred eighteen. We had an offer on 0:08:36.720 --> 0:08:38.840 the table, like my brother was going to sell the 0:08:38.840 --> 0:08:41.280 house before I stepped in, and the offer was for 0:08:41.320 --> 0:08:44.240 six hundred, six hundred thousand, and you got to praise 0:08:44.320 --> 0:08:46.840 at fifty five hundred and ten thousand. 0:08:47.960 --> 0:08:49.720 And what do your neighbors look like? 0:08:51.559 --> 0:08:56.199 My neighbors are from a different ethnic background, but ethnic background. 0:08:56.920 --> 0:09:01.640 We have Hispanic neighbors, we have neighbors, we have a 0:09:01.679 --> 0:09:04.160 few black neighbors down the street. 0:09:04.320 --> 0:09:06.520 The majority of people in your neighborhood, what are white? 0:09:06.679 --> 0:09:07.440 Majority of them? 0:09:07.480 --> 0:09:11.160 Okay, yeah, so the comparables in the neighborhood is six 0:09:11.240 --> 0:09:12.040 hundred thousand. 0:09:11.800 --> 0:09:16.640 Six hundred plus at least. So the deal was time sensitive. 0:09:16.840 --> 0:09:20.160 So not only did I was like blown away by 0:09:19.960 --> 0:09:21.320 the number that came back. 0:09:21.800 --> 0:09:24.760 I knew that we had to react fast because there was. 0:09:24.760 --> 0:09:26.400 A lot of dominoes that were going to fall if 0:09:26.400 --> 0:09:28.559 we didn't get this done. So he came in and 0:09:28.840 --> 0:09:31.280 gave us a five hundred and ten thousand appraisal. But 0:09:31.360 --> 0:09:32.960 on top of it, I had to pay him eight 0:09:33.080 --> 0:09:35.800 hundred dollars to him to do that, so like, not 0:09:35.840 --> 0:09:38.200 only was it in justice in a disservice, but I 0:09:38.240 --> 0:09:39.880 had to pay him out of my pocket to say 0:09:39.920 --> 0:09:42.760 thank you. He came in, he was here for maybe 0:09:43.160 --> 0:09:46.439 ten minutes and left and that was the last time 0:09:46.480 --> 0:09:49.360 I saw him until I had to, you know, get 0:09:49.360 --> 0:09:51.680 in contact with him, like how did this happen? And 0:09:51.760 --> 0:09:55.640 you know, his explanation was pretty much, you don't have 0:09:55.960 --> 0:09:59.240 the size of the backyard as the comparables. So I 0:09:59.280 --> 0:10:01.160 was like, no, this is this is impossible. I literal 0:10:01.240 --> 0:10:03.040 drove around the neighborhood to the comparables. I'm like, no, 0:10:03.120 --> 0:10:08.199 this is no way. And being that the process of 0:10:08.240 --> 0:10:10.520 getting the house was time sensitive, I just had to say, 0:10:10.559 --> 0:10:12.880 you know what, I'm just gonna have to take this 0:10:12.920 --> 0:10:14.760 one and then we'll deal with this at a later time. 0:10:14.760 --> 0:10:16.720 My mortgage broker at the time was like, you know, 0:10:16.840 --> 0:10:19.520 I don't believe this. This is crazy, but at a 0:10:19.600 --> 0:10:22.360 certain extent, you're at the bank's mercy, right, Like they're 0:10:22.360 --> 0:10:24.680 the one that's approven you for the loan. They send 0:10:24.679 --> 0:10:27.240 their appraisal, the person that do the appraisal, so it's like, 0:10:27.280 --> 0:10:27.719 what do you do? 0:10:28.120 --> 0:10:30.360 So at that point in time, he took ninety thousand 0:10:30.640 --> 0:10:35.040 off the table, oh, wealth right from your family pretty much? 0:10:35.480 --> 0:10:35.680 Yeah? 0:10:35.720 --> 0:10:36.920 Wait, just his opinion. 0:10:37.040 --> 0:10:38.760 Yeah, And that's the thing. 0:10:38.800 --> 0:10:40.880 It's like a lot of people don't get to this 0:10:41.000 --> 0:10:43.559 level to even see this type of discrimination, right because 0:10:43.559 --> 0:10:46.319 how many people are in the position to even get 0:10:46.320 --> 0:10:48.400 a home, you know what I mean. And it's like 0:10:49.559 --> 0:10:51.560 I can tell this story, but it's like who else 0:10:51.559 --> 0:10:53.760 can relate to this? Because, like I said, when you 0:10:53.760 --> 0:10:55.720 wrote it, I was like, wait, you're writing my story 0:10:55.800 --> 0:10:59.079 and You're like no, this is happening everywhere, and I'm like, oh, oh, 0:10:59.160 --> 0:11:02.040 now I have to take so I have taken some access, 0:11:02.040 --> 0:11:03.199 and it's still. 0:11:03.120 --> 0:11:05.480 You know, what's crazy. Somebody said on my Instagram that 0:11:06.559 --> 0:11:08.120 she told the story. I don't know for sure or not, 0:11:08.120 --> 0:11:09.960 but I'm gonna give her the benefit down say it's true. 0:11:10.080 --> 0:11:12.160 So she said that She had a home of praise 0:11:12.320 --> 0:11:16.559 three times and each time, let's say it was three 0:11:16.640 --> 0:11:19.000 hundred thousands roughly, I forget the number, but let's say 0:11:19.000 --> 0:11:21.280 three hundred thousand. It was like solid three hundred thousands, 0:11:21.280 --> 0:11:24.080 three times in a row. She had her white neighbor 0:11:24.160 --> 0:11:26.960 come for the fourth appraisal. She took down all the 0:11:27.000 --> 0:11:30.320 pictures and the white neighbor answered the door. Long story short, 0:11:30.360 --> 0:11:32.120 the praiser thought that it was a white neighbor's home. 0:11:32.480 --> 0:11:34.880 You know how much it was a praise for four 0:11:34.960 --> 0:11:38.199 hundred I think like four to ten one hundred and 0:11:38.240 --> 0:11:41.160 ten thousand dollars more, just on an opinion because he 0:11:41.160 --> 0:11:41.840 saw a white person. 0:11:41.920 --> 0:12:00.880 Yeah, it happens. 0:12:01.240 --> 0:12:04.240 Look, I'm like, we're literally and I lived it and 0:12:04.280 --> 0:12:06.000 I'm still living in it, and it's like wow, And 0:12:06.080 --> 0:12:07.720 I try to get that message out like yo, this 0:12:07.800 --> 0:12:10.000 is happening. But like I said, like who can relate 0:12:10.040 --> 0:12:12.559 to it? Like a lot of my peers are you know, 0:12:12.720 --> 0:12:15.559 are renting and they're not in the process of owning 0:12:15.559 --> 0:12:18.160 a home yet and they will be. But it's like, oh, 0:12:18.160 --> 0:12:20.719 this is how how is this possible? So like what 0:12:20.720 --> 0:12:24.360 would be the answer to eliminate that? Like you know 0:12:24.360 --> 0:12:25.920 what I mean, Like we have to get our own 0:12:25.960 --> 0:12:30.559 independent appraiser. Yeah, but that independent appraiser doesn't necessarily work 0:12:30.600 --> 0:12:33.080 for the bank who's giving you the loan, so it's 0:12:33.120 --> 0:12:33.839 like what do you do? 0:12:35.320 --> 0:12:38.040 Yeah, it was an interesting discussion on my Instagram pagecause 0:12:38.040 --> 0:12:39.800 then some appraisers came in. It was actually hoping to 0:12:39.800 --> 0:12:41.440 get somebody in the praiser to come in as a guest, 0:12:41.440 --> 0:12:45.720 but we wasn't able to. But yeah, yeah, it's a 0:12:46.559 --> 0:12:49.120 I don't know, it's an unfortunate situation that it's just 0:12:49.120 --> 0:12:51.320 stuff like that people don't even aren't really even thinking 0:12:51.320 --> 0:12:53.640 about right now. You had about like the hardcore racism stuff, 0:12:53.640 --> 0:12:57.800 but little stuff like that that's real wealth. So you're ninety, 0:12:57.840 --> 0:13:00.360 so your situation was ninety thousand dollars right now, you 0:13:00.360 --> 0:13:02.600 can see how when hit about one hundred and fifty 0:13:02.640 --> 0:13:05.560 six billion, Like that's a large number, but how many 0:13:05.600 --> 0:13:08.120 people are like you ninety thousand here, one hundred thousand here, 0:13:08.320 --> 0:13:11.720 thirty thousands up? Yeahs up, all. 0:13:11.679 --> 0:13:14.319 Right, And like you said, like that's part of that generational. 0:13:13.840 --> 0:13:17.720 Wealth and that's not even a black neighborhood right right. 0:13:18.120 --> 0:13:20.200 It just was that, Hey, they saw the family that 0:13:20.280 --> 0:13:22.640 was here, and this is what we're saying it is, 0:13:22.840 --> 0:13:25.440 and take it or leave it. And if you leave it, 0:13:25.480 --> 0:13:27.240 then you're not going to get this ome because we're 0:13:27.280 --> 0:13:28.040 not approving you for this. 0:13:28.120 --> 0:13:28.240 Mom. 0:13:30.679 --> 0:13:35.600 Yep, well yeah, the game is rigged, all right, boys 0:13:35.640 --> 0:13:40.840 and girls. So now is my favorite part of the show. Storytime. 0:13:41.240 --> 0:13:41.600 All right. 0:13:41.640 --> 0:13:44.480 So this, this story actually starts as a lesson plan. 0:13:45.000 --> 0:13:46.720 And one of the weird things we do in the 0:13:46.720 --> 0:13:50.679 summer is teach financial literacy. And I was listening to 0:13:50.720 --> 0:13:53.720 Reasonable Doubt that President's tool was on and I heard 0:13:54.000 --> 0:13:57.080 the line all black Scott is sports and entertainment until 0:13:57.080 --> 0:13:59.320 we even and it just stuck with me, and I 0:13:59.400 --> 0:14:02.080 was like, damn is this true? Like is Jay right? 0:14:02.160 --> 0:14:03.760 Like is he right when he says that? Like what 0:14:03.760 --> 0:14:07.239 does that even mean? And I started thinking about success 0:14:07.520 --> 0:14:10.600 and what images we think of when we think of success, 0:14:10.640 --> 0:14:14.040 and over and over I kept saying, Wow, yeah, entertainment, 0:14:14.200 --> 0:14:14.800 Damn yep. 0:14:15.040 --> 0:14:16.400 Sports. Okay. 0:14:16.920 --> 0:14:20.160 So when we sat down with our kids, I came 0:14:20.240 --> 0:14:22.480 up with this idea that, you know what, give them 0:14:22.640 --> 0:14:27.480 eight pictures of celebrities, and lo and behold, they could 0:14:27.520 --> 0:14:30.000 name all eight, all eight. They were eight for eight 0:14:30.480 --> 0:14:34.160 and the celebrities up to Believe with Doctor dre Jay Z, Beyonce, 0:14:34.640 --> 0:14:35.680 Floyd Mayweather. 0:14:35.440 --> 0:14:37.200 Was on there, Puff was on there. It was like, 0:14:37.200 --> 0:14:38.440 all right, well, they know all of those. 0:14:39.000 --> 0:14:41.440 And then I gave him another sheet with eight pictures 0:14:41.760 --> 0:14:45.480 and I asked him to name them, and they got 0:14:45.560 --> 0:14:47.440 one out of the eight and the one person was 0:14:47.440 --> 0:14:51.760 Oprah Winfree And I told them that the interesting thing 0:14:51.880 --> 0:14:54.760 is that you recognize every celebrity, but you. 0:14:56.000 --> 0:14:56.680 Ernest what's up. 0:14:56.760 --> 0:14:59.240 You ever walk into a small business and everything just 0:14:59.360 --> 0:15:02.560 works like, the checkout is fast, the receipts are digital, 0:15:03.080 --> 0:15:06.080 tipping is a breeze, and you're out the door before 0:15:06.080 --> 0:15:10.240 the line even builds. Odds are they're using Square. We 0:15:10.400 --> 0:15:12.920 love supporting businesses that run on Square because it just 0:15:12.960 --> 0:15:16.200 feels seamless. 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P and C Bank 0:16:42.320 --> 0:16:45.080 National Association Member FDIC. 0:16:46.720 --> 0:16:47.000 Coach. 0:16:47.120 --> 0:16:48.640 The energy out there felt different. 0:16:48.760 --> 0:16:50.120 What changed for the team today? 0:16:50.200 --> 0:16:52.359 It was the new game day Scratches from the California 0:16:52.400 --> 0:16:53.400 Lottery players. 0:16:53.440 --> 0:16:56.120 Everything those games sent the team's energy through the roof. 0:16:56.200 --> 0:16:58.200 Are you saying it was the off field play that 0:16:58.240 --> 0:16:59.320 made the difference on the field. 0:17:00.200 --> 0:17:02.600 Play makes your day, and today it made the game. 0:17:03.080 --> 0:17:03.840 That's all for now. 0:17:04.440 --> 0:17:07.120 One more question played the new Los Angeles Chargers, San 0:17:07.119 --> 0:17:10.120 Francisco forty nine Ers and Los Angeles Ram Scratchers from 0:17:10.119 --> 0:17:13.840 the California Lottery. A little play can make your day. Peace, 0:17:13.840 --> 0:17:15.840 pay responsibly. Must be eighteen years or older to purchase 0:17:15.880 --> 0:17:16.399 late or claim. 0:17:16.440 --> 0:17:20.040 We only knew one of the wealthiest people of color 0:17:20.240 --> 0:17:23.959 in the world, and their minds were blown. And I 0:17:24.040 --> 0:17:28.320 was like, well, this is why, right, because all we've 0:17:28.359 --> 0:17:31.720 been we see is sports and entertainment. So we went 0:17:31.720 --> 0:17:34.399 to the number one person, the wealthiest black person or 0:17:34.400 --> 0:17:36.600 person of color in the entire world, well black person 0:17:36.640 --> 0:17:40.399 not even personal African descent. And we came to the 0:17:40.480 --> 0:17:46.359 name Aliko than Golti, Aliko dan Goti. He's actually from 0:17:46.440 --> 0:17:50.480 Nigeria and its networth this year, well in twenty eighteen, 0:17:50.640 --> 0:17:52.000 was ten point seven billion. 0:17:53.720 --> 0:17:54.560 You want to go into it. 0:17:54.760 --> 0:17:59.040 Yeah, So Aliko Dane Gotie. We wanted to cover him 0:17:59.080 --> 0:18:01.800 for a few different reasons. But shout out to Africa. 0:18:02.000 --> 0:18:04.919 We have a lot of listeners in Africa and the 0:18:05.040 --> 0:18:08.040 UK and all over. And you know, obviously we live 0:18:08.080 --> 0:18:10.920 in America, so most of our stories are based off 0:18:10.920 --> 0:18:15.240 of Americans. But we're bigger than's just America. Right, you know, 0:18:15.640 --> 0:18:17.320 the world, as I always say, the world is flat. 0:18:17.600 --> 0:18:19.359 So we want to show love to every part of 0:18:19.359 --> 0:18:21.720 the world and to give inspiration to every part of 0:18:21.760 --> 0:18:23.440 the world as well. Right. So, as you said, the 0:18:23.520 --> 0:18:25.720 richest black person in the world, African descent, whatever you 0:18:25.760 --> 0:18:29.160 want to call it, is from Nigeria. Right, He's worth 0:18:29.160 --> 0:18:30.879 ten billion dollars. So we're going to tell his story. 0:18:31.640 --> 0:18:34.359 So because I'm pretty sure that most people aren't familiar 0:18:34.359 --> 0:18:34.640 with him. 0:18:34.680 --> 0:18:36.760 Yeah, I mean, every time I've brought him up in conversation, 0:18:37.080 --> 0:18:40.600 people will say who is that, and it's it's ironic, 0:18:40.600 --> 0:18:42.200 like we know who Floyd Mayweather is, and we know 0:18:42.200 --> 0:18:45.320 who Jay Z and I mean, they've had a huge 0:18:45.320 --> 0:18:49.240 amount of success, but those three people, they're not worth 0:18:49.560 --> 0:18:51.760 doesn't even add up to his No, it's not even close. 0:18:51.840 --> 0:18:55.120 So all right, so Aliko, he he comes from Nigeria, 0:18:55.359 --> 0:18:59.800 right and he uh, he starts in twenty one and 0:19:00.240 --> 0:19:02.960 the concrete business. So he comes from a wealthy family 0:19:02.960 --> 0:19:06.680 already nowhere near where he is now. But he comes 0:19:06.720 --> 0:19:08.880 from a wealthy family. So that's no. That's another thing too. 0:19:08.920 --> 0:19:10.399 We have to keep in mind because even with the 0:19:10.440 --> 0:19:12.360 whole thing with Kylie Jenner, as far as what self made, 0:19:12.359 --> 0:19:15.320 that's that was big on the page. And we have 0:19:15.320 --> 0:19:19.280 to keep in mind that there are black wealthy people, right. 0:19:19.200 --> 0:19:22.919 Like his grandfather was wealthy, the wealthiest person in West Africage. 0:19:22.960 --> 0:19:26.800 Yeah, so and there's nothing wrong with we have to 0:19:26.840 --> 0:19:29.159 get out of that mind like, there's nothing to be 0:19:29.160 --> 0:19:31.320 embarrassed about if your if your family has money. But 0:19:31.359 --> 0:19:33.480 that's what we should strive to do to actually leave 0:19:33.520 --> 0:19:35.959 a legacy for our kids. And it's like we almost 0:19:36.119 --> 0:19:40.960 like are embarrassed if we have any leg up. I 0:19:41.000 --> 0:19:43.160 mean like it's it's kind of backwards way of thinking. 0:19:43.320 --> 0:19:46.280 But so, yeah, he comes from a wealthy family, but 0:19:47.080 --> 0:19:49.239 nowhere near where he is now. So at twenty one, 0:19:49.280 --> 0:19:54.000 he starts a concrete business, right and from there it's 0:19:54.000 --> 0:19:55.720 a five thousand dollars alone that he got from his 0:19:55.800 --> 0:19:59.240 uncle to start the business. From there, he parlayed that 0:19:59.720 --> 0:20:08.280