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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fined nearly

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Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 1: border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security.

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Speaker 3: EARNS what's going on. Traditional universities are outdated and don't

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Speaker 3: teach you how to become an entrepreneur. They just teach

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Speaker 3: you how to become an employee.

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Speaker 4: You go to school for four years and you leave

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Speaker 4: with nothing but debt. But here why EYL University. Our

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Speaker 4: curriculum is much different.

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Speaker 3: Our university teaches you real world skills that you can

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Speaker 3: use to gain financial freedom right away. In traditional universities,

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Speaker 3: you learn from professors that have never did what they teach,

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Speaker 3: and they teach you how to become an employee. At

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Speaker 3: our university, we use instructors that are currently successful in

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Speaker 3: specific field that they teach, and they teach you how

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Speaker 3: to become an entrepreneur.

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Speaker 4: For a limited time only, you can join EYL University

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Speaker 4: eyluniversity dot com right now and sign up to become

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Speaker 4: an earner.

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Speaker 3: Don't wait, don't hesitate it over there now.

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Speaker 5: My graduates from my school being false bad drop thanks

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Speaker 5: rop might drop back drop.

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Speaker 4: So first and foremost, thank you guys for coming. I

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Speaker 4: really appreciate it. If you've watched Ryans Leslie's episode on

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Speaker 4: Earn your Lesia, I'm sure you got a ton of game.

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Speaker 4: And if you watched Till Harper, who was on Market

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Speaker 4: Mondays twice, I'm sure you got a ton of game.

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Speaker 4: So this is just gonna be an extension of that.

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Speaker 4: It's titled Crypto, but we're gonna be talking about a

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Speaker 4: lot more than just crypto. We're gonna be talking about

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Speaker 4: the business world, investing, the musical side of things, group

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Speaker 4: economics well.

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Speaker 6: As long as with cryptocurrency as well.

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Speaker 4: So you know, this is going to be one of

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Speaker 4: these EYL conversations where you get a million a million

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Speaker 4: dollars worth a game from people that have done it

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Speaker 4: at a high level. That's doing it at a high level.

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Speaker 4: So I encourage everybody to listen. It's very rare that

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Speaker 4: you get an opportunity to head it's kind of information,

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Speaker 4: especially from two gentlemen together at the same time.

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Speaker 6: So let's get into it. Let's get into it, all.

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Speaker 4: Right, Ryan, I want to talk with I want to

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Speaker 4: I'm gonna ask you the first question. So you spoke

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Speaker 4: about before as far as mentorship right in college, and

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Speaker 4: you had an experience with Sandy Green, PhD. Right, So

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Speaker 4: part of I feel like the community that we have

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Speaker 4: built is mentorship. It's kind of like an online mentorship,

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Speaker 4: and you never know how somebody can change your life,

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Speaker 4: and experiences can change your life.

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Speaker 2: So can you talk about that for sure?

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Speaker 7: First of all, this echo is crazy. What I will say, though,

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Speaker 7: is that mentorship is really like having an extended family member,

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Speaker 7: somebody who's going to make an investment in you when

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Speaker 7: you are already hard working, when you already know that

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Speaker 7: you have the talent, you have the tenacity, you have

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Speaker 7: the drive, the desire, the discipline, the dedication, and sometimes

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Speaker 7: you just need the direction. And so for me, mentorship

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Speaker 7: really was that moment when you know, my parents, they're

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Speaker 7: from the Salvation Army, so they have always been storing

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Speaker 7: up treasures in heaven. So what that means is that

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Speaker 7: they sacrifice treasures on earth in the service of others

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Speaker 7: to have treasures in heaven. That doesn't pay for a

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Speaker 7: Harvard education, you know what I'm saying. And so they

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Speaker 7: were able to actually inspire me to apply to Harvard

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Speaker 7: very early. And I was lucky when I was there

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Speaker 7: to actually have a mentor. And I truly believe that

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Speaker 7: that made the difference between the trajectory that I already

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Speaker 7: was on and where I've been able to get to now.

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Speaker 4: So I want to ask you the next follow up question, Ryan,

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Speaker 4: is stock question right in the long Lines where the

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Speaker 4: market one day.

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Speaker 6: Apple Apple.

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Speaker 4: You invested in Apple in two thousand and nine, and

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Speaker 4: I believe you have a sixteen thousand percent rate of

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Speaker 4: return on that initial investment. If anybody watches the show,

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Speaker 4: we always Ian always talks about.

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Speaker 6: Buy and hold, buy and hold, and a.

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Speaker 4: Lot of people get caught up in day trading and rotations,

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Speaker 4: and he always says, you're gonna rotate your way into

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Speaker 4: poverty by leaving your positions. So can you talk about

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Speaker 4: that the value and what made you invest in Apple

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Speaker 4: early and what made you keep it Because a lot

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Speaker 4: of times people might have had one hundred percent, three

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Speaker 4: hundred percent rate of return on their money and they're

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Speaker 4: taking it out. You left it in and now you're

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Speaker 4: up sixteen hundred sixteen thousand. You're up sixteen thousand percent

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Speaker 4: on your initial investment.

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Speaker 6: So talk about that.

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Speaker 2: Yeah. For sure.

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Speaker 7: To be a great long term investor, it really just

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Speaker 7: comes down to three elements. The first and the second

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Speaker 7: you can The third is up to the market in

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Speaker 7: the economy. The first is just time. When do you

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Speaker 7: start and how long do you hold? For me, my

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Speaker 7: holding time horizon is always twenty years. And the reason

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Speaker 7: why my time horizon is twenty years is because when

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Speaker 7: you look at the history, anytime you've held if we

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Speaker 7: talk about the S and P five hundred, or we

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Speaker 7: talk about the total Stock Market Index, anytime you've held

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Speaker 7: for twenty years, you've had a zero percent chance of loss,

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Speaker 7: a zero percent chance of loss. I know a lot

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Speaker 7: of people who are new to investing. I know for sure.

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Speaker 7: My parents are from the Caribbean. They thought being in

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Speaker 7: the stock market is just gambling. They see people actually

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Speaker 7: do exactly what we were just talking about, that rotation

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Speaker 7: where you just leave too much of that money on

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Speaker 7: the table. You see it do one summersault or two summersaults.

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Speaker 7: You've never seen your money dance like that, and you

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Speaker 7: take it out. But twenty years is the time horizon.

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Speaker 7: Number two is the rate of savings, and number three

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Speaker 7: is the rate of return. When I make an investment,

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Speaker 7: I want to be an owner, and ownership is not

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Speaker 7: about a short term play. Just think if you actually

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Speaker 7: bought a franchise and you put somebody in that franchise

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Speaker 7: and on day one they were selling let's say, twenty Hamburgers.

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Speaker 7: Then in two years they were selling three hundred Hamburgers.

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Speaker 7: Why would you sell a franchise if it's actually delivering

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Speaker 7: for you. So what I will say is that the

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Speaker 7: reason I held though had to do with mentorship. I

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Speaker 7: watched my investment go from one hundred thousand to three

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Speaker 7: hundred and fifty thousand, and I remember a conversation I

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Speaker 7: had with my mentor. Said, hey, look, man, I took

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Speaker 7: your advice and man, one hundred thousand to three fifty

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Speaker 7: I'm gonna cash out, get something nice for my mom.

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Speaker 7: And he gave me an ultimatum at that time. He said, Ryan, listen,

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Speaker 7: you can go ahead and cash out, give something nice

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Speaker 7: to your mom, but we'll shake hands and I'll never

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Speaker 7: teach you anything again. Or you figure out a different

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Speaker 7: way to give something nice to your mom, and hold

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Speaker 7: on to that investment and we'll check in every single

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Speaker 7: year around tax time and we'll see what it grows to.

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Speaker 7: And when we checked in this year, that one hundred

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Speaker 7: thousand I got it on my birthday September twenty fifth,

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Speaker 7: two thousand and nine, that one hundred thousand was just

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Speaker 7: under sixteen million.

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Speaker 2: And if I hadn't.

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Speaker 4: Don't let that, don't let that go over your hand.

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Speaker 4: Clap it up for that, ladies and gentlemen.

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Speaker 7: But that's the difference that mentorship makes because for me,

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Speaker 7: if it was up to me, I look in the mirror,

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Speaker 7: I'm thinking, Man, I'm smart. I made a great investment.

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Speaker 7: It's giving me a great return. And sometimes the lens

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Speaker 7: of expertise and the lens of experience can actually provide

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Speaker 7: you wings that allow you to fly further than you

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Speaker 7: can fly on your own. And so that's why I

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Speaker 7: think first and foremost when I look at a company,

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Speaker 7: I want to be in a company that when I

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Speaker 7: look around, I use it every day and the people

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Speaker 7: I love they can't live without it. So when I'm

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Speaker 7: looking at Instagram, I want to be an owner in Facebook.

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Speaker 7: When I'm looking at devices that I'm seeing all around,

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Speaker 7: I want to be an owner in that company. When

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Speaker 7: I'm seeing the platform that I'm able to even listen

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Speaker 7: to podcasts on, I want to be an owner. And

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Speaker 7: you got to give the business time to materialize into

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Speaker 7: the growth that you're looking for, because you want your

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Speaker 7: money to work for you, So give the business the

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Speaker 7: time to grow.

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Speaker 4: Does that sound familiar if anybody watches market, mondays, this

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Speaker 4: is the same thing that we've been saying for a

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Speaker 4: very long time. You gotta buy good companies, hold them

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Speaker 4: for twenty years tech companies. So these things that you

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Speaker 4: keep hearing, as he said, it was mentorship. So you

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Speaker 4: can get mentorship in a variety of different ways. So

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Speaker 4: when you receive the information online, it's important to take

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Speaker 4: heed to that because that one hundred thousand to three

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Speaker 4: fifty is a great flip, but one hundred thousand to

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Speaker 4: sixteen million is out of this world flip.

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Speaker 2: It's different. It's a little different.

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Speaker 7: And I say this like honestly, when you think about it, man,

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Speaker 7: think about the companies that have done extremely well. They've

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Speaker 7: always done well over a twenty to thirty year time horizon.

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Speaker 7: And I want you to think, if you got into

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Speaker 7: Amazon when it first IPO, when you got into Monster

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Speaker 7: Energy when it first IPO, if you would have sold

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Speaker 7: at a thousand percent I'm talking about ten x your money,

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Speaker 7: you would have left tens of thousands of percent on

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Speaker 7: the table. And a beautiful piece about money is when

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Speaker 7: you put it to work for you. It's one of

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Speaker 7: the greatest employees because it never has a sick day,

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Speaker 7: it never goes on vacation and never asks for time off.

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Speaker 7: It never gets old, it never gets weak. It's always

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Speaker 7: there to keep working for you unless you actually go

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Speaker 7: ahead and cash out. So when you actually earn the

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Speaker 7: money and you put it to work, let it be

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Speaker 7: your greatest employee and don't let it just be one.

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Speaker 7: If I told you right now that the way that

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Speaker 7: the stock market works is non discriminatory, the twenty percent

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Speaker 7: that you are making a year is the same twenty

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Speaker 7: percent that's afforded to Warren Buffett or any other hedge fund.

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Speaker 7: The difference is how many dollars do you have growing

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Speaker 7: by twenty percent. If you got one hundred dollars, well

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Speaker 7: then that's twenty dollars. If you got one hundred thousand,

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Speaker 7: well that's twenty thousand. If you got a million, well

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Speaker 7: that's two hundred thousand. You got ten million, where y'all

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Speaker 7: can continue to do the math. So when you actually

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Speaker 7: earn the money, understand it's like a lifetime robot level

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Speaker 7: employee that will always, always, always work for you. So

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Speaker 7: give it the time to manifest into the wealth that

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Speaker 7: you wanted to create.

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Speaker 4: There you have it, Yes, clap it up for that hill, Harper.

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Speaker 4: Let me ask you this question. The first question is

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Speaker 4: going to be very simple. Why bitcoin why Bitcoin? I

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Speaker 4: know you're you're bitcoin bull. You're extremely bullish on bitcoin.

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Speaker 4: You built the platform. We're going to talk about the

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Speaker 4: Black Wall Street. But why bitcoin?

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Speaker 8: You know, bitcoin is ostensibly a store of value and

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Speaker 8: a perfect form of money, and money is changing. It's

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Speaker 8: changing very rapidly. We're moving very quickly out of fiat

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Speaker 8: and hard money currency into digital currency and cryptocurrency. The

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Speaker 8: question is where is it headed and how can we

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Speaker 8: be early adopters and get into the space. Ryan is

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Speaker 8: just talking about ownership. The beautiful thing about bitcoin is that,

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Speaker 8: as Ryan just described, it is agnostic to race, it's

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Speaker 8: agnostic to barriers of entry. It's literally just real estate

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Speaker 8: on a blockchain, real estate on a ledger, and if

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Speaker 8: you purchase a set number of satoshi's, you own a

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Speaker 8: little bit of that real estate and it's a finite amount.

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Speaker 8: What creates value with scarcity. That's why waterfront real estate

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Speaker 8: is extremely valuable. It's more valuable than the real estate

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Speaker 8: that's inland because there's more inland property than waterfront property.

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Speaker 8: Scarcity drives value, and bitcoin is the most scarce crypto

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Speaker 8: asset out there. Twenty one million be minted, there'll be

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Speaker 8: at least three to five million lost or disappear. So

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Speaker 8: you're really talking about in real way, somewhere around eighteen

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Speaker 8: million bitcoin in any type of circulated supply. There are

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Speaker 8: forty eight million millionaires in the world. There's not enough

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Speaker 8: bitcoin to go for each millionaire to even hold one.

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Speaker 8: You know, we will be talking about setoci's in the future,

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Speaker 8: not even talking about bitcoin. But bitcoin isn't the only

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Speaker 8: asset class in this space, but it is the one

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Speaker 8: to enter into.

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Speaker 6: Now.

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Speaker 8: That's why my goal is to each black person in

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Speaker 8: America hold it LEAs a million Stochi's. Put show hands,

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Speaker 8: who has at least a million Satoshi's in their wallet

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Speaker 8: right now? At least a million?

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Speaker 2: A million?

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Speaker 6: Raise, raise your hand if.

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Speaker 8: You got a million Stochi's in your wallet.

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Speaker 4: If you if you don't know what a stosi is, Okay, y'all,

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Speaker 4: don't watch Market.

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Speaker 6: Monday's shame on you. So let's let's let's.

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Speaker 8: You don't watch market mondays, I see, I.

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Speaker 4: Think shame on you should be a shame of yourself.

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Speaker 4: All right, let's have this conversation. Then what is what

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Speaker 4: is it? Can you explain to them what is sure?

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Speaker 8: So so, so check this out y'all. Back in the day,

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Speaker 8: gold was valued in terms of bricks, like how many

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Speaker 8: bricks you got are in terms of weight? Right, And

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Speaker 8: then as bricks got so expensive, they had to have

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Speaker 8: a smaller fractal value of the gold, so they broke

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Speaker 8: it down into pricing gold into ounces. The same thing

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Speaker 8: is true for a setoshi. There are one hundred million

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Speaker 8: satosis in every one bitcoin, just like there are one

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Speaker 8: hundred pennies and a dollar. There are one hundred million

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Speaker 8: satoshi's that make up one bitcoin. So what does that mean.

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Speaker 8: What it means is a satoshi is one hundred million

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Speaker 8: fractal share of one bitcoin. So as you build your satochi's,

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Speaker 8: you don't need to just go out and buy a bitcoin.

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Speaker 8: I can go into the black wall street wallert right now,

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Speaker 8: check the current price of bitcoin.

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Speaker 2: It is right.

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Speaker 8: Now, real time, forty eight thousand, seven hundred and thirty

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Speaker 8: and seventy five cent right. And and so if I

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Speaker 8: want to buy right now live, I'm gonna buy ten dollars.

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Speaker 8: I'm gonna preview my buy, I go in, I confirm,

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Speaker 8: and then now I just bought point two eight two bitcoin, right,

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Speaker 8: I just did that, right, And so a Satoshi is

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Speaker 8: a fractal share of a bitcoin. So I just bought Sato.

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Speaker 8: I bought a fractal share of a bitcoin right here

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Speaker 8: on stage. And so my goal is to have every

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Speaker 8: black person in America hold at least one million Toto.

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Speaker 8: She's with basically forty million of us in this country.

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Speaker 8: If we held a million Satohi's each, we would literally

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Speaker 8: control the bitcoin market worldwide. People would have to come

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Speaker 8: through us, and it'd be the first time in history

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Speaker 8: that black Americans have controlled an asset class. And when

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Speaker 8: you start controlling asset classes, you're able to do what

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Speaker 8: set price. And if we're able to set price of

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Speaker 8: a valuable, ascending value asset class, we have the other

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Speaker 8: thing that's very important, leverage. Leverage is the critical piece.

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Speaker 8: And so what I love what Ryan's talking about. He's

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Speaker 8: talking about ownership. I'm talking about ownership. And if you

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Speaker 8: think about ownership, we need to strategically own a sending

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Speaker 8: value asset classes like high value blue chip stocks and

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Speaker 8: hold them for long term, like a sending goal acid

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Speaker 8: class like bitcoin, hold it long term. This is not

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Speaker 8: a trading mentality. This is not Robin Hood. Robinhood is

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Speaker 8: Robin the hood y'all. It's trying to get people to trade,

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Speaker 8: because how do they make their money. They make their

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Speaker 8: money off exchange. The more you trade, the more money

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Speaker 8: they make. They want you jumping in and out of positions.

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Speaker 8: That is not the way to build wealth. I never

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Speaker 8: want you to sell the bitcoin you buy. What are

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Speaker 8: you gonna do with it? You say, here, well, I

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Speaker 8: still need liquidity, Sure, you still need liquidity. What you're

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Speaker 8: gonna do. You're gonna buy it, You're gonna hold it,

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Speaker 8: and then on the platform you're going to take out

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Speaker 8: a loan against the equity or the upside of that asset.

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Speaker 8: You're never gonna sell it, and the you're gonna pass

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Speaker 8: that bitcoin onto your children, and they'll pass it on

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Speaker 8: to their children's children. You can just think of bitcoin

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Speaker 8: like wealthy people used to think of houses, Right, You

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Speaker 8: get these real high value mansions. They're not flipping in

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Speaker 8: and out of the house to extract the liquidity. They're

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Speaker 8: holding the house and then just taking the equity out

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Speaker 8: and reinvesting that equity into other assets and or liquidity

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Speaker 8: challenges that they may have. Think about the same way.

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Speaker 8: You're gonna be able to do that with bitcoin. On

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Speaker 8: the black Wall Street Platform.

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Speaker 4: Speaking of that, Yes, clap it up for that, ladies

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Speaker 4: and gentlemen, speaking of that. Speaking of bitcoin, So, Ryan,

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Speaker 4: going back to you, you had sixteen thousand percent rate

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Speaker 4: of return on Apple, but I believe you have a

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Speaker 4: thirty two thousand percent rate of return.

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Speaker 6: On bitcoin, right, is that correct?

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Speaker 2: That's right?

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Speaker 6: All right?

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Speaker 4: So you was obviously earlier invested in bitcoin as well.

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Speaker 4: So when did you first invest in bitcoin?

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Speaker 7: Yeah, anytime I have an interview or anytime I actually

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Speaker 7: run into any one, they always say, Ryan, man, I

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Speaker 7: heard about your laptop. Well, that laptop was a whole

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Speaker 7: story in and of itself, and I was working on

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Speaker 7: some music and I lost the files. So when you

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Speaker 7: work on music, it's not enough to just have the

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Speaker 7: finished record. You need the files. So my laptop went missing.

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Speaker 7: I put up a million dollars as a reward for

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Speaker 7: the return of the intellectual property, because who wants to

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Speaker 7: pay a million dollars for a laptop? You could just

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Speaker 7: go to Apple get one for two thousand dollars. Well,

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Speaker 7: the laptop turned up, long story short, and the gentleman

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Speaker 7: who found the laptop actually sued me to actually retrieve

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Speaker 7: that reward one million dollars, and he actually won in

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Speaker 7: New York court. And the next day I was on

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Speaker 7: the cover of the New York Post. I sent it

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Speaker 7: to my mom. She said, at least you look nice.

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Speaker 7: I remember that.

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Speaker 2: Yeah.

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Speaker 7: I had a nice suit on, right, But the headline

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Speaker 7: was rap weasel.

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Speaker 2: First of all, rap weasel? Does that look like me?

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Speaker 7: Rap weasel must pay one million? And then the next

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Speaker 7: day I went to just go ahead and get a

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Speaker 7: breakfast sandwich, and uh, it's the same place I go

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Speaker 7: every day, and today this guy who is behind the

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Speaker 7: county you want to take a picture with me. I said, well,

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Speaker 7: I come here every day. Why do you want to

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Speaker 7: take a picture with me? He said, well, because you

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Speaker 7: want to cover the New York Post. You the rap weasel? Okay,

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Speaker 7: all right, you want to take a picture.

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Speaker 2: Okay.

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Speaker 7: But the reason why that story is so important is

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Speaker 7: because when you lose a judgment, well, then the federal

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Speaker 7: government or the state government can just come in and

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Speaker 7: freeze your assets. And so upon losing that one million

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Speaker 7: dollar lawsuit, they froze two point three million dollars in

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Speaker 7: my account. And I was in November twenty twelve, and

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Speaker 7: that was a moment at which I started to think, Man,

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Speaker 7: you know, do I really want a centralized currency to

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Speaker 7: actually be controlled? And I'm talking about they just took

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Speaker 7: double I only lost a million, while you take two

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Speaker 7: point three, right, So I said, look, we got to

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Speaker 7: find a different way. And luckily at that time, you know,

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Speaker 7: I'm in a stute student.

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Speaker 2: Of the game.

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Speaker 7: And if you look back, all of this is verified.

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Speaker 2: Look back.

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Speaker 7: In June twenty thirteen, I put out a tweet I said,

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Speaker 7: from now on, pay me in bitcoin, twenty thirteen.

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Speaker 2: And what happened was I.

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Speaker 7: Had a Shopify store twenty thirteen. So I'm early in Shopify,

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Speaker 7: and bitcoin became the means by which I wanted to

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Speaker 7: be paid. And I still do that to this day.

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Speaker 7: But to give you a case in point, I sold

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Speaker 7: an album five dollars the day, It's worth like seven hundred.

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Speaker 7: I sold a hoodie forty seven dollars today is worth

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Speaker 7: like six thousand. I sold a couple of meet and

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Speaker 7: greets total price two thousand today is worth like one

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Speaker 7: hundred and twenty two thousand. And that's just the differentiation

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Speaker 7: of being able to get in early. And I know

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Speaker 7: some of y'all might be thinking, like, man, I can't

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Speaker 7: turn the time back to twenty thirteen. But I'll tell

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Speaker 7: you right now, even if you buy some subtocis today,

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Speaker 7: you're still early. But you don't want to be amongst

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Speaker 7: the folks that say, you know what today it was

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Speaker 7: either just a footnote in the history of my life.

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Speaker 2: Or it was a game changer, a life changer.

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Speaker 7: And when we talk about assets and when we talk

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Speaker 7: about ownership and we talk about being able to buy

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Speaker 7: fractionally and being an asset class where there is scarcity,

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Speaker 7: that's what that opportunity in cryptocurrency provides.

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Speaker 2: And so, yeah, thirty two thousand percent return.

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Speaker 7: Yeah, when I got into bitcoin, it was trading at

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Speaker 7: about one hundred and twenty two dollars per coin. We

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Speaker 7: just looked at the prices forty eight thousand. Y'all could

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Speaker 7: do the math.

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Speaker 2: How much?

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Speaker 6: How much money did you put it in?

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Speaker 2: What should we ain't gotta take that?

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Speaker 8: Hey?

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Speaker 2: You really?

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Speaker 8: And let me say something. This is so this is

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Speaker 8: so important what he's saying. And I gotta I gotta

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Speaker 8: reinforce this, y'all. This isn't just about individuals making money, okay,

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Speaker 8: this is this is about life or death, and this

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Speaker 8: is real talk. In eighteen sixty three, when the Emancipation

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Speaker 8: Proclamation was signed, black people in America held a little

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Speaker 8: less than one percent of American wealth. That's after four

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Speaker 8: hundred years of free chattel slavery, and the greatest well

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Speaker 8: transfer in the history of this world happened. If you

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Speaker 8: were despicable enough to want to hold property to literally

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Speaker 8: extract value from people who had melanated skin. They killed us,

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Speaker 8: they us, they raped us, they separated families to build wealth.

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Speaker 8: Now fast forward one hundred and fifty eight years later

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Speaker 8: to right now, August twenty twenty one, people say, oh,

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Speaker 8: hell man, let's just talk about making money. Don't get

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Speaker 8: too heavy. No no, no, no no. We have to

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Speaker 8: speak true to this. This country is built off the

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Speaker 8: back of our labor and is built off of building

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Speaker 8: wealth off of us, and we right now still hold

438
00:25:33,240 --> 00:25:39,520
Speaker 8: only one percent of American wealth. We have to collectively

439
00:25:39,800 --> 00:25:44,160
Speaker 8: work together, jump into asset classes and start building leverage

440
00:25:44,320 --> 00:25:47,560
Speaker 8: that is decentralized. Exactly what he was talking about, the

441
00:25:47,640 --> 00:25:53,160
Speaker 8: idea of operating our own microeconomies outside of centralized institutions

442
00:25:53,359 --> 00:25:58,679
Speaker 8: and the banking system which has literally stolen trillions of

443
00:25:58,720 --> 00:26:05,760
Speaker 8: dollars out of the black community through all sorts of onerous,

444
00:26:06,040 --> 00:26:12,679
Speaker 8: racist and institutionally systemic and racist policies, procedures, redlining. We

445
00:26:12,720 --> 00:26:14,439
Speaker 8: can go through all that history. We don't need to,

446
00:26:14,840 --> 00:26:18,479
Speaker 8: but we know where we're at now. What he's talking about,

447
00:26:18,760 --> 00:26:21,480
Speaker 8: what we're talking about right now is literally about life

448
00:26:21,600 --> 00:26:23,919
Speaker 8: or death. Is not just about Hey man, can I

449
00:26:23,960 --> 00:26:26,520
Speaker 8: come up sixteen thousand percent? Can I come up thirty

450
00:26:26,520 --> 00:26:27,320
Speaker 8: two thousand percent?

451
00:26:27,320 --> 00:26:27,359
Speaker 2: No?

452
00:26:27,440 --> 00:26:31,280
Speaker 8: No, no, How can we work together to actually start to

453
00:26:31,359 --> 00:26:35,240
Speaker 8: control real wealth? Because why is real wealth important? I

454
00:26:35,320 --> 00:26:38,760
Speaker 8: believe you cannot have social justice without economic justice. So

455
00:26:38,840 --> 00:26:41,439
Speaker 8: all this stuff we've been talking about, we talk about

456
00:26:41,600 --> 00:26:46,800
Speaker 8: mass incarceration, police brutality, health care disparities, education gaps. If

457
00:26:46,840 --> 00:26:48,800
Speaker 8: you trace it back to the money, what are the

458
00:26:48,800 --> 00:26:53,560
Speaker 8: communities that are hit the hardest economically fragile and poor communities.

459
00:26:53,680 --> 00:26:56,320
Speaker 8: We change the wealth factor in our community, we change

460
00:26:56,359 --> 00:27:00,000
Speaker 8: all that other stuff. We get it wrong. We start

461
00:27:00,280 --> 00:27:02,480
Speaker 8: trying to work on all these things from the top.

462
00:27:02,600 --> 00:27:04,560
Speaker 8: We got to start the route, which is the money

463
00:27:04,600 --> 00:27:07,400
Speaker 8: in the economics. Let's go, y'all, let's go.

464
00:27:13,560 --> 00:27:14,880
Speaker 6: Yes, yes, Hill.

465
00:27:15,040 --> 00:27:18,080
Speaker 4: Let me let me ask you a question, because I

466
00:27:18,160 --> 00:27:20,320
Speaker 4: want to kind of get people a framework. A lot

467
00:27:20,320 --> 00:27:22,639
Speaker 4: of times they look at investing and they're like, Okay,

468
00:27:23,200 --> 00:27:25,520
Speaker 4: I'm investing something and I can't.

469
00:27:25,240 --> 00:27:27,280
Speaker 6: Take it out. Cryptocurrency.

470
00:27:27,560 --> 00:27:29,639
Speaker 4: The word currency is a little misleading because it's like,

471
00:27:29,880 --> 00:27:33,120
Speaker 4: who's gonna want to pay for pizza with bitcoin when

472
00:27:33,160 --> 00:27:33,960
Speaker 4: it's gonna.

473
00:27:33,720 --> 00:27:34,520
Speaker 6: Go up in value?

474
00:27:34,600 --> 00:27:37,320
Speaker 4: Right, So it's like, I'm investing in cryptocurrency, but I

475
00:27:37,359 --> 00:27:41,000
Speaker 4: can't spend it. It's like, but you bring up a

476
00:27:41,040 --> 00:27:45,400
Speaker 4: good point about lending, right, Lending against your bitcoin something

477
00:27:45,400 --> 00:27:48,640
Speaker 4: that I learned about in twenty seventeen when I first

478
00:27:48,640 --> 00:27:50,760
Speaker 4: got into space and a friend of mine that was

479
00:27:50,880 --> 00:27:53,000
Speaker 4: educating me on it. He was like, you know, the

480
00:27:53,040 --> 00:27:56,080
Speaker 4: whole point is not to really liquidate your bitcoin, but

481
00:27:57,280 --> 00:27:59,760
Speaker 4: you might need sometimes where you need capital, and you

482
00:27:59,840 --> 00:28:03,480
Speaker 4: can actually lends your bitcoin out and you get an

483
00:28:03,520 --> 00:28:06,280
Speaker 4: interest rate on that, but you still keep ownership of it.

484
00:28:06,680 --> 00:28:08,679
Speaker 4: That's something that is very interesting to me, and I

485
00:28:08,680 --> 00:28:11,880
Speaker 4: think that that's going to be even more prevalent as

486
00:28:11,920 --> 00:28:14,080
Speaker 4: time goes on. So I think it's important for people

487
00:28:14,080 --> 00:28:16,119
Speaker 4: to have at least the baseline education on that. Can

488
00:28:16,119 --> 00:28:18,040
Speaker 4: you talk about that as far as lending bitcoin?

489
00:28:18,359 --> 00:28:26,400
Speaker 8: Sure, so when we talk about holding an asset, hopefully

490
00:28:26,440 --> 00:28:28,880
Speaker 8: you're using money that you don't need.

491
00:28:31,040 --> 00:28:31,560
Speaker 2: Right away.

492
00:28:31,960 --> 00:28:37,800
Speaker 8: Right and when we talk about crypto specifically, remember I'm

493
00:28:37,840 --> 00:28:40,360
Speaker 8: not saying get out of Apple to put all your

494
00:28:40,360 --> 00:28:44,400
Speaker 8: money into bitcoin. This is about having an overall strategic approach.

495
00:28:44,800 --> 00:28:47,840
Speaker 8: All the things you're already doing you should continue to do,

496
00:28:48,200 --> 00:28:51,120
Speaker 8: but then figure out how do I actually start to

497
00:28:51,200 --> 00:28:54,520
Speaker 8: build a position in a different asset class in this

498
00:28:54,560 --> 00:28:59,320
Speaker 8: crypto space. Now watch this. There're two hundred different cryptos

499
00:28:59,520 --> 00:29:02,160
Speaker 8: and new ones are coming along every day. Ninety nine

500
00:29:02,240 --> 00:29:07,360
Speaker 8: percent of them are like penny stocks or pink sheet stocks. There,

501
00:29:06,720 --> 00:29:11,880
Speaker 8: they're scams, right, The vast majority are scams. And that's

502
00:29:11,920 --> 00:29:14,800
Speaker 8: why you have to be very careful when you're talking

503
00:29:14,800 --> 00:29:17,280
Speaker 8: about a lot of these meme coins and pump and

504
00:29:17,360 --> 00:29:20,200
Speaker 8: dump coins and things like that, because there's really no

505
00:29:20,320 --> 00:29:23,640
Speaker 8: downside protection. Because part of your investment strategy has to

506
00:29:23,680 --> 00:29:26,280
Speaker 8: be risk management, meaning you have to look at what's

507
00:29:26,320 --> 00:29:29,560
Speaker 8: protecting your downside. Is there a liquidity pool to buy

508
00:29:29,560 --> 00:29:31,960
Speaker 8: the asset as it goes down? And so the beautiful

509
00:29:31,960 --> 00:29:34,800
Speaker 8: thing about bitcoin is that it provides you the opportunity.

510
00:29:34,800 --> 00:29:37,600
Speaker 8: There are enough holders. So there's about two trillion dollars

511
00:29:37,800 --> 00:29:40,959
Speaker 8: in crypto. One trillion of that or half of it

512
00:29:41,040 --> 00:29:44,880
Speaker 8: is in bitcoin, so there's a lot more liquidity in

513
00:29:45,000 --> 00:29:48,480
Speaker 8: that space, and it's also an opportunity to lend it out.

514
00:29:48,520 --> 00:29:51,320
Speaker 8: So on our platform, the Black Wall Street, we have

515
00:29:51,600 --> 00:29:56,240
Speaker 8: not allowed this feature yet because it's part of a timeline.

516
00:29:56,400 --> 00:29:58,760
Speaker 8: You know, you know you when you actually and Ryan

517
00:29:58,760 --> 00:30:01,360
Speaker 8: can talk about this when you actually develop a tech company,

518
00:30:01,880 --> 00:30:04,520
Speaker 8: you don't release everything at once. If you look at

519
00:30:04,560 --> 00:30:07,440
Speaker 8: Coinbase when a first launch, you look at Coinbase now,

520
00:30:07,560 --> 00:30:11,040
Speaker 8: it looks completely different. And so we're going to be

521
00:30:11,080 --> 00:30:13,520
Speaker 8: releasing features as we go and make it better and

522
00:30:13,600 --> 00:30:16,240
Speaker 8: better and better. But you can go to you know,

523
00:30:16,320 --> 00:30:17,960
Speaker 8: Block five, there's a number of others you can do

524
00:30:18,000 --> 00:30:21,920
Speaker 8: your research and loan out you or bitcoin or you're holding.

525
00:30:22,120 --> 00:30:24,800
Speaker 8: If you're in a situation where you need liquidity, you

526
00:30:24,880 --> 00:30:27,440
Speaker 8: don't need to sell it to get that liquidity. The

527
00:30:27,480 --> 00:30:29,840
Speaker 8: other piece that I think is a very critical piece

528
00:30:29,840 --> 00:30:31,920
Speaker 8: that we want to add on our platform is the

529
00:30:31,960 --> 00:30:35,520
Speaker 8: peer to peer piece, because if we can start recirculating

530
00:30:35,720 --> 00:30:39,520
Speaker 8: the black digital dollar peer to peer, we don't have

531
00:30:39,560 --> 00:30:44,400
Speaker 8: to be writing interest minimums to check cashing spots. Payday lenders.

532
00:30:44,960 --> 00:30:47,520
Speaker 8: The payday lending industry is a three hundred billion dollar

533
00:30:47,560 --> 00:30:51,640
Speaker 8: industry that's extracting that money out of our community. Specifically,

534
00:30:52,440 --> 00:30:55,840
Speaker 8: we actually can change that on a digital platform where

535
00:30:55,920 --> 00:30:59,760
Speaker 8: we create the liquidity that's needed within our own ecosystem.

536
00:31:00,080 --> 00:31:03,560
Speaker 8: So Vanessa gets that ten or fifteen percent return, not

537
00:31:06,120 --> 00:31:11,520
Speaker 8: you know, Steve. I'll just say, Steve, you understand. So

538
00:31:11,560 --> 00:31:14,480
Speaker 8: the money stays in the community. Why is this important?

539
00:31:14,560 --> 00:31:18,320
Speaker 8: It's important because a dollar leads the Black community within

540
00:31:18,360 --> 00:31:21,200
Speaker 8: six to seven hours, where a dollar stays in the

541
00:31:21,240 --> 00:31:24,240
Speaker 8: Asian community eighteen to twenty days, in the white community

542
00:31:24,240 --> 00:31:27,640
Speaker 8: in America twenty to thirty days. You hear what I'm saying,

543
00:31:27,680 --> 00:31:31,520
Speaker 8: six to seven hours. That leads our community multiple days

544
00:31:31,840 --> 00:31:35,160
Speaker 8: with other communities. The way we build wealth is the

545
00:31:35,240 --> 00:31:40,280
Speaker 8: recirculation of our dollar. You know, these brothers, look at

546
00:31:40,280 --> 00:31:44,160
Speaker 8: the AV team putting on this event. You hire a

547
00:31:44,240 --> 00:31:46,880
Speaker 8: black AV team. What does that create? All those brothers

548
00:31:46,880 --> 00:31:49,720
Speaker 8: and sisters right there have jobs right here, my man,

549
00:31:49,800 --> 00:31:54,760
Speaker 8: right here right We recirculate the dollars, We create jobs,

550
00:31:54,800 --> 00:31:58,080
Speaker 8: an opportunity. And that's why holding an asset, taking the

551
00:31:58,160 --> 00:32:01,080
Speaker 8: liquidity out, using that to either reinvest in your own

552
00:32:01,120 --> 00:32:04,240
Speaker 8: business or to hire folks to actually put do things

553
00:32:04,280 --> 00:32:06,840
Speaker 8: in commerce is critical. And you can do that with

554
00:32:06,880 --> 00:32:08,320
Speaker 8: bitcoin very important.

555
00:32:08,320 --> 00:32:10,400
Speaker 4: I'm glad you said that. Shout out to the whole

556
00:32:10,680 --> 00:32:16,560
Speaker 4: production team. This is a high level production and we're

557
00:32:16,560 --> 00:32:20,520
Speaker 4: in Atlanta. We're in Atlanta, Georgia, so it's no surprise

558
00:32:20,640 --> 00:32:23,960
Speaker 4: that everybody you see and the production team is black.

559
00:32:24,200 --> 00:32:26,760
Speaker 4: It's a black owned production ATV and this is a

560
00:32:26,840 --> 00:32:33,600
Speaker 4: high level and we only use the best people, and

561
00:32:34,000 --> 00:32:36,040
Speaker 4: these are the best people. So a lot of times

562
00:32:36,040 --> 00:32:38,560
Speaker 4: we think we have to compromise if we go black,

563
00:32:38,640 --> 00:32:41,680
Speaker 4: but we don't have to compromise. We can still get

564
00:32:41,680 --> 00:32:51,080
Speaker 4: the best service by supporting ourselves as well. Ryan, I

565
00:32:51,120 --> 00:32:54,160
Speaker 4: want to talk about technology. I want to talk about technology.

566
00:32:54,360 --> 00:32:56,200
Speaker 4: We spoke about that when you was on the podcast,

567
00:32:56,480 --> 00:32:58,400
Speaker 4: and I know your early seed investor in a lot

568
00:32:58,400 --> 00:33:03,200
Speaker 4: of different fintech companies, one being tightened. So I'm ask

569
00:33:03,240 --> 00:33:04,960
Speaker 4: you a more broad range question because there might be

570
00:33:04,960 --> 00:33:09,800
Speaker 4: some artists in here. So you start off as a musician, songwriter,

571
00:33:09,960 --> 00:33:15,640
Speaker 4: extremely talented, but like you said, I mean you made earners.

572
00:33:15,640 --> 00:33:16,000
Speaker 2: What's up?

573
00:33:16,080 --> 00:33:18,560
Speaker 3: You ever walk into a small business and everything just

574
00:33:18,720 --> 00:33:21,920
Speaker 3: works like the checkout is fast, the receipts are digital,

575
00:33:22,440 --> 00:33:25,400
Speaker 3: tipping is a breeze, and you're out the door before

576
00:33:25,400 --> 00:33:29,560
Speaker 3: the line even builds odds are they're using Square. We

577
00:33:29,720 --> 00:33:32,280
Speaker 3: love supporting businesses that run on Square because it just

578
00:33:32,320 --> 00:33:35,560
Speaker 3: feels seamless. Whether it's a local coffee shop, a vendor

579
00:33:35,600 --> 00:33:37,840
Speaker 3: at a pop up market, or even one of our

580
00:33:37,920 --> 00:33:41,560
Speaker 3: merch partners, Square makes it easy for them to take payments,

581
00:33:41,760 --> 00:33:45,520
Speaker 3: manage inventory, and run their business with confidence, all from

582
00:33:45,600 --> 00:33:49,000
Speaker 3: one simple system. If you're a business owner or even

583
00:33:49,080 --> 00:33:52,600
Speaker 3: just thinking about launching something soon, Square is hands down

584
00:33:52,640 --> 00:33:55,000
Speaker 3: one of the best tools out there to help you start,

585
00:33:55,360 --> 00:33:58,920
Speaker 3: run and grow. It's not just about payments, it's about

586
00:33:58,960 --> 00:34:01,400
Speaker 3: giving you time back so you can focus on what

587
00:34:01,560 --> 00:34:05,240
Speaker 3: matters most ready. To see how Square can transform your business,

588
00:34:05,480 --> 00:34:10,120
Speaker 3: visit Square dot com backslash go backslash eyl to learn

589
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Speaker 3: more that Square dot com backslash, go backslash eyl. Don't wait,

590
00:34:15,640 --> 00:34:18,480
Speaker 3: don't hesitate. Let's Square handle the back end so you

591
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Speaker 3: can keep pushing your vision forward. This episode is brought

592
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Speaker 3: to you by P and C Bank. A lot of

593
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594
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596
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600
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603
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604
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619
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620
00:36:04,480 --> 00:36:06,719
Speaker 4: Sixteen million dollars just off of an Apple stock right

621
00:36:06,760 --> 00:36:08,480
Speaker 4: off of one hundred thousand. You really think about it,

622
00:36:08,520 --> 00:36:10,680
Speaker 4: like even though they might say, I don't have one hundred,

623
00:36:10,760 --> 00:36:12,600
Speaker 4: but you might have ten thousand, you might have five thousand.

624
00:36:12,800 --> 00:36:15,760
Speaker 4: But then you do the bitcoin, then you do your phone.

625
00:36:16,040 --> 00:36:19,440
Speaker 4: You're always doing something else, right, So what got you

626
00:36:19,520 --> 00:36:22,880
Speaker 4: in the mindset of developing? Okay, I need multiple streams

627
00:36:22,880 --> 00:36:26,960
Speaker 4: of income. I need multi I mean to diversify my portfolio.

628
00:36:27,280 --> 00:36:29,239
Speaker 4: And how did you get into investing in tech company?

629
00:36:29,280 --> 00:36:30,040
Speaker 4: How did you get into tech?

630
00:36:30,080 --> 00:36:31,160
Speaker 6: Period?

631
00:36:33,520 --> 00:36:41,080
Speaker 7: Man, I would say any success that I've ever been

632
00:36:41,120 --> 00:36:45,879
Speaker 7: able to realize in my life can be directly correlated

633
00:36:46,960 --> 00:36:52,600
Speaker 7: to just having the right conversation. Conversation is a currency

634
00:36:52,680 --> 00:36:59,360
Speaker 7: in and of itself, and success happens at the speed

635
00:36:59,400 --> 00:37:05,080
Speaker 7: of communication. So we want to be successful in whatever

636
00:37:05,120 --> 00:37:09,120
Speaker 7: we set our minds to. It's a matter of conveying

637
00:37:09,120 --> 00:37:13,040
Speaker 7: the right message to the right person with the right

638
00:37:13,120 --> 00:37:15,359
Speaker 7: resources at the right time.

639
00:37:18,080 --> 00:37:19,720
Speaker 6: That's very important.

640
00:37:24,560 --> 00:37:27,440
Speaker 7: That's my crew over there, Okay, thank y'all. I appreciate

641
00:37:27,440 --> 00:37:33,400
Speaker 7: it all right. So when I decided I wanted to

642
00:37:33,440 --> 00:37:35,839
Speaker 7: start a tech company, it wasn't really a decision. It

643
00:37:35,880 --> 00:37:41,600
Speaker 7: was more of just following the curiosity. Because out of

644
00:37:42,239 --> 00:37:48,399
Speaker 7: necessity is born innovation. Why did I invest in bitcoin? Well,

645
00:37:48,440 --> 00:37:50,919
Speaker 7: it was a necessity. My account was frozen two point

646
00:37:50,920 --> 00:37:53,600
Speaker 7: three million, so I had to innovate figure out a

647
00:37:53,600 --> 00:37:57,160
Speaker 7: different way that I could have a currency and have

648
00:37:57,200 --> 00:38:02,000
Speaker 7: a store of value that was decentralized. When I decided

649
00:38:02,040 --> 00:38:04,319
Speaker 7: I want to get my phone number out to five

650
00:38:04,400 --> 00:38:07,480
Speaker 7: hundred and fifty thousand Twitter followers, I needed to actually

651
00:38:07,640 --> 00:38:13,480
Speaker 7: use technology to scale my ability to respond to everyone.

652
00:38:13,680 --> 00:38:17,279
Speaker 7: I'm gonna be real about this and he'll and I

653
00:38:17,320 --> 00:38:19,200
Speaker 7: see what y'all are doing as well in terms of

654
00:38:19,719 --> 00:38:26,640
Speaker 7: keeping the ownership and equity and the dollar within our community.

655
00:38:27,320 --> 00:38:28,680
Speaker 2: We saw this with Rock and Roll.

656
00:38:30,480 --> 00:38:33,880
Speaker 7: A lot more people in America know Elvis Presley than

657
00:38:33,960 --> 00:38:38,880
Speaker 7: Chuck Berry. And when we look at our ability to

658
00:38:39,080 --> 00:38:43,080
Speaker 7: innovate in this space, I know a lot of artists

659
00:38:43,600 --> 00:38:46,360
Speaker 7: that looked like me that I actually picked up the

660
00:38:46,400 --> 00:38:49,600
Speaker 7: phone and told them, hey, I got a technology companies

661
00:38:49,600 --> 00:38:54,000
Speaker 7: called Superphone, and you can have a text relationship with

662
00:38:54,120 --> 00:38:55,080
Speaker 7: all your community.

663
00:38:56,080 --> 00:38:56,880
Speaker 2: And when I first.

664
00:38:56,719 --> 00:38:59,080
Speaker 7: Started, they say, oh man, that's crazy, man, bro like

665
00:38:59,840 --> 00:39:05,799
Speaker 7: you not a star if you can text everybody. I

666
00:39:05,840 --> 00:39:11,760
Speaker 7: started Superphone in twenty thirteen. Five years later, I'm looking around,

667
00:39:11,760 --> 00:39:14,920
Speaker 7: I'm seeing all those same people with phone numbers, but

668
00:39:14,960 --> 00:39:18,560
Speaker 7: they're using a white company called Community, saying, well, why

669
00:39:18,680 --> 00:39:18,960
Speaker 7: is that.

670
00:39:19,000 --> 00:39:20,280
Speaker 2: Well, it's because.

671
00:39:21,440 --> 00:39:27,200
Speaker 7: The investors in Community.

672
00:39:25,719 --> 00:39:29,279
Speaker 2: They looked like the founders in Community.

673
00:39:29,800 --> 00:39:34,680
Speaker 7: So Community took a concept that I started and they

674
00:39:34,760 --> 00:39:40,160
Speaker 7: built an alternative competitor and went to our people and said,

675
00:39:40,160 --> 00:39:42,200
Speaker 7: you know what, we we just raised one hundred million

676
00:39:42,239 --> 00:39:48,400
Speaker 7: from Salesforce, so we'll give y'all a platform for free.

677
00:39:48,560 --> 00:39:53,000
Speaker 7: And that's a favorite word in our community. Free, you

678
00:39:53,000 --> 00:39:58,040
Speaker 7: know what I'm saying. But the end of the day,

679
00:39:58,760 --> 00:40:02,440
Speaker 7: when you look at the contribute that you make, whether

680
00:40:02,440 --> 00:40:06,600
Speaker 7: it's through my technology or whether it's through another technology,

681
00:40:07,400 --> 00:40:10,759
Speaker 7: the conversation really is about ownership. And so whether you

682
00:40:10,840 --> 00:40:14,480
Speaker 7: use my Superphone platform, or you use Black Wall Street,

683
00:40:15,080 --> 00:40:18,560
Speaker 7: or you use Coinbase, or you use any competitor, We're

684
00:40:18,600 --> 00:40:21,279
Speaker 7: not here to tell you only invest in or use

685
00:40:21,320 --> 00:40:25,760
Speaker 7: our platform. We're just telling you that the future is now,

686
00:40:27,120 --> 00:40:29,720
Speaker 7: and if you want to be able to predict the future.

687
00:40:30,680 --> 00:40:35,080
Speaker 7: You just write the history yourself. An the ability that

688
00:40:35,120 --> 00:40:40,319
Speaker 7: we have now in technology allows us to actually have

689
00:40:41,080 --> 00:40:49,640
Speaker 7: information and access that previously previously was limited to those

690
00:40:49,680 --> 00:40:54,600
Speaker 7: who had much higher thresholds in terms of investment minimums.

691
00:40:55,120 --> 00:40:57,799
Speaker 7: So if you wanted to hadge fund strategy, you had

692
00:40:57,800 --> 00:41:00,399
Speaker 7: to have a quarter million or two million, a two

693
00:41:00,440 --> 00:41:03,680
Speaker 7: point five million. And the reason why I invested in

694
00:41:03,719 --> 00:41:08,640
Speaker 7: Titan is because they took that concentrated hadge fund strategy

695
00:41:09,280 --> 00:41:12,439
Speaker 7: and you can start with five hundred dollars. And what's

696
00:41:12,480 --> 00:41:16,640
Speaker 7: the difference between a concentrated hedge fund strategy and a

697
00:41:16,719 --> 00:41:19,799
Speaker 7: long term diversified index fund strategy.

698
00:41:20,440 --> 00:41:21,400
Speaker 2: Well, it's pretty simple.

699
00:41:22,239 --> 00:41:28,799
Speaker 7: The concentration is what provides the outsize returns. The concentration

700
00:41:29,000 --> 00:41:35,040
Speaker 7: is what provides the alpha. The wealthiest people in the

701
00:41:35,120 --> 00:41:40,560
Speaker 7: world if you look at the headlines most recently, there's

702
00:41:40,600 --> 00:41:44,319
Speaker 7: been months that's been written about the Jeff Bezos, the

703
00:41:44,400 --> 00:41:48,440
Speaker 7: Elon Musk, the Mark Zuckerberg's of the world, and what

704
00:41:48,560 --> 00:41:52,160
Speaker 7: you'll realize when you look at their stories, their wealth

705
00:41:52,280 --> 00:41:56,719
Speaker 7: is really tied up in a concentrated vehicle because the

706
00:41:56,760 --> 00:42:00,360
Speaker 7: stock of their own company is what drives the growth

707
00:42:00,680 --> 00:42:04,160
Speaker 7: of their wealth year over year. So I would say

708
00:42:04,680 --> 00:42:10,080
Speaker 7: two takeaways from that number. One, if you have the tolerance,

709
00:42:11,640 --> 00:42:15,000
Speaker 7: it's okay to be concentrated in your investments.

710
00:42:16,239 --> 00:42:18,640
Speaker 2: Diversify across many.

711
00:42:18,400 --> 00:42:25,839
Speaker 7: Different asset classes, real estate, cryptocurrency stocks. If you want

712
00:42:25,880 --> 00:42:28,799
Speaker 7: to get a little bit of a acceleration, yeah, maybe

713
00:42:28,840 --> 00:42:31,960
Speaker 7: you do some derivatives, some longer term options or shorter

714
00:42:32,040 --> 00:42:38,040
Speaker 7: term options. Look at alternative investing. Get into companies early

715
00:42:40,200 --> 00:42:44,839
Speaker 7: before their public invest in the companies that you see

716
00:42:44,880 --> 00:42:49,319
Speaker 7: your friends and family building people be so quick to

717
00:42:49,400 --> 00:42:52,840
Speaker 7: go spend their dollars at Louis Vuital and won't spend

718
00:42:52,840 --> 00:42:56,120
Speaker 7: their dollars with the new makeup or hair care or

719
00:42:56,160 --> 00:42:59,279
Speaker 7: beauty business that they're brothers or sisters or aunts or

720
00:42:59,320 --> 00:43:11,959
Speaker 7: uncles are create. We have that opportunity to be early shareholders,

721
00:43:12,040 --> 00:43:13,040
Speaker 7: early investors.

722
00:43:14,280 --> 00:43:15,440
Speaker 2: And yet when we look.

723
00:43:15,280 --> 00:43:19,200
Speaker 7: At the number of black owned or black founded companies

724
00:43:19,280 --> 00:43:21,680
Speaker 7: in the stock market, we don't really have a lot

725
00:43:21,680 --> 00:43:25,400
Speaker 7: of options. And so that means we got to invest

726
00:43:25,480 --> 00:43:30,799
Speaker 7: before we're public. But that early equity, that early ownership,

727
00:43:32,040 --> 00:43:34,640
Speaker 7: is going to be how we actually changed the narrative

728
00:43:34,640 --> 00:43:39,000
Speaker 7: and change the trajectory of the wealth that we want

729
00:43:39,000 --> 00:43:43,960
Speaker 7: to build. So for me, following technology is really because,

730
00:43:44,520 --> 00:43:49,319
Speaker 7: as Hill said, we built the railroads, but we didn't

731
00:43:49,320 --> 00:43:53,759
Speaker 7: own them. We built the hospitality business and worked in it,

732
00:43:53,800 --> 00:43:57,239
Speaker 7: but we didn't own it. And now it's the only

733
00:43:57,320 --> 00:44:03,120
Speaker 7: time in history where without brick, mortar, lumber, or steal,

734
00:44:04,680 --> 00:44:10,319
Speaker 7: we can build value through technology and it can be

735
00:44:10,360 --> 00:44:16,719
Speaker 7: scalable and we can serve and deliver value the hundreds

736
00:44:16,719 --> 00:44:20,759
Speaker 7: of thousands, millions and maybe even billions of people. But

737
00:44:20,840 --> 00:44:26,520
Speaker 7: we got to actually invest in one another, use the

738
00:44:26,520 --> 00:44:32,200
Speaker 7: products that we create for us by us, and embrace

739
00:44:32,239 --> 00:44:37,080
Speaker 7: technology as a pathway and a means so that when

740
00:44:37,239 --> 00:44:41,960
Speaker 7: the next transfer of wealth is being written about in history,

741
00:44:43,080 --> 00:44:51,719
Speaker 7: we're not on the sidelines just watching. We're participants and owners.

742
00:44:51,080 --> 00:44:57,359
Speaker 4: Everything he's saying just sounds so familiar because we talk

743
00:44:57,400 --> 00:45:00,680
Speaker 4: about when you say a concentration to tech to index,

744
00:45:00,760 --> 00:45:05,279
Speaker 4: anybody that sound familiar to tech two index. And when

745
00:45:05,280 --> 00:45:08,279
Speaker 4: we interview Mark Cuban, I asked him what his portfolio

746
00:45:08,600 --> 00:45:11,880
Speaker 4: was and he said it was I know Netflix for sure,

747
00:45:12,239 --> 00:45:15,600
Speaker 4: Russell two thousand, and I believe it was Microsoft. He

748
00:45:15,600 --> 00:45:18,040
Speaker 4: had another technology coming, that's it. He just had three

749
00:45:18,200 --> 00:45:21,160
Speaker 4: positions in his portfolio. And like you said, that's something

750
00:45:21,200 --> 00:45:24,600
Speaker 4: that's a major key. A lot of times we get distracted.

751
00:45:24,600 --> 00:45:27,160
Speaker 4: We're trying to have thirty seven stocks in our portfolio,

752
00:45:27,680 --> 00:45:30,880
Speaker 4: and it dilutes your holdings and you're not really gonna

753
00:45:30,880 --> 00:45:33,359
Speaker 4: be able to, you know, figure out what's going on.

754
00:45:33,400 --> 00:45:36,000
Speaker 4: You're gonna be doing research on all of these different areas.

755
00:45:36,400 --> 00:45:40,160
Speaker 4: And it's like you think that by having that many

756
00:45:40,200 --> 00:45:42,760
Speaker 4: you're actually helping it, but you're actually hurting your portfolio

757
00:45:42,760 --> 00:45:44,440
Speaker 4: most of the time. And like you said, the hedge funds,

758
00:45:44,440 --> 00:45:47,000
Speaker 4: most hedge funds is more of a concentrated thing. So

759
00:45:47,040 --> 00:45:51,160
Speaker 4: that's why when we suggest two tech, it's not to

760
00:45:51,360 --> 00:45:54,480
Speaker 4: just you know, keep it basic, but it's actually a

761
00:45:54,560 --> 00:45:58,880
Speaker 4: more sophisticated way of investing than having thirty seven companies

762
00:45:58,880 --> 00:46:01,240
Speaker 4: that you just know for sure.

763
00:46:01,360 --> 00:46:07,680
Speaker 7: Warren Buffett said, diversification is actually insurance against ignorance. So listen,

764
00:46:08,120 --> 00:46:10,680
Speaker 7: I'm not saying that just because you were at invest

765
00:46:10,760 --> 00:46:13,319
Speaker 7: Best now you're an expert investor. If you don't know

766
00:46:13,360 --> 00:46:15,719
Speaker 7: what to buy, you still alright, just go ahead and

767
00:46:15,719 --> 00:46:17,759
Speaker 7: buy the whole stock market. You could buy a whole

768
00:46:17,800 --> 00:46:20,120
Speaker 7: stock market for two hundred and twenty five dollars a share.

769
00:46:21,080 --> 00:46:24,279
Speaker 7: The history shows that even if you don't know what

770
00:46:24,320 --> 00:46:27,120
Speaker 7: you're doing at all, and you buy a whole stock

771
00:46:27,160 --> 00:46:30,279
Speaker 7: market and you hold for twenty years, your money's gonna

772
00:46:30,280 --> 00:46:31,800
Speaker 7: double every seven years anyway.

773
00:46:32,640 --> 00:46:33,839
Speaker 2: But you got to be able to hold.

774
00:46:33,840 --> 00:46:37,640
Speaker 7: You got to have the patience to allow those companies

775
00:46:37,640 --> 00:46:39,960
Speaker 7: to do what they're supposed to do for you. So

776
00:46:40,200 --> 00:46:44,400
Speaker 7: I totally agree with you on that that concentration is

777
00:46:44,480 --> 00:46:48,319
Speaker 7: really for those who actually know what they're doing. And

778
00:46:50,040 --> 00:46:53,160
Speaker 7: the reason why I think concentration actually is a byproduct

779
00:46:53,200 --> 00:46:57,440
Speaker 7: of founders is because founders know their business better than

780
00:46:57,440 --> 00:46:58,200
Speaker 7: anybody else.

781
00:46:58,920 --> 00:47:00,040
Speaker 2: So if I believe it's.

782
00:47:01,040 --> 00:47:04,200
Speaker 7: Or I believe if I'm Mark Zuckerberg, I believe in Facebook, well,

783
00:47:04,200 --> 00:47:06,280
Speaker 7: I don't want to be distracted by any other companies.

784
00:47:06,280 --> 00:47:09,280
Speaker 7: I want to be able to build the value within

785
00:47:09,560 --> 00:47:12,359
Speaker 7: the equity and the shares of my own company. And

786
00:47:12,400 --> 00:47:13,920
Speaker 7: if I see something I like, I'm gonna just go

787
00:47:13,920 --> 00:47:17,480
Speaker 7: out and buy it right bring up.

788
00:47:17,640 --> 00:47:21,640
Speaker 4: That's like I said, man, it's just reassurance that you

789
00:47:21,680 --> 00:47:24,359
Speaker 4: know everything that we talk about, you just saying it.

790
00:47:24,440 --> 00:47:26,600
Speaker 4: So we definitely got to get you on market. Mondays,

791
00:47:26,600 --> 00:47:30,080
Speaker 4: by the way, we'll talk about that. So hell, let

792
00:47:30,120 --> 00:47:34,040
Speaker 4: me ask you this people might not be familiar that crypto.

793
00:47:34,120 --> 00:47:37,480
Speaker 4: A lot of cryptos they have different utilities and different usages.

794
00:47:37,480 --> 00:47:39,120
Speaker 4: A lot of time they just think like all cryptos

795
00:47:39,120 --> 00:47:41,440
Speaker 4: are the same, you just use it, So can you

796
00:47:41,480 --> 00:47:42,279
Speaker 4: just talk about that?

797
00:47:42,360 --> 00:47:43,480
Speaker 6: Like there's some crypt Like.

798
00:47:43,719 --> 00:47:47,000
Speaker 4: I was an early investor in Tron, which I'm still

799
00:47:47,080 --> 00:47:50,000
Speaker 4: not really one hundred percent confident in. But the thing

800
00:47:50,040 --> 00:47:53,320
Speaker 4: that really drove me to Tron was when I heard

801
00:47:53,360 --> 00:47:56,360
Speaker 4: that they were a crypto that was designed for video games.

802
00:47:56,920 --> 00:47:59,399
Speaker 4: And my son is a gamer. Shout out to nas,

803
00:47:59,400 --> 00:48:04,960
Speaker 4: he's in the build the Yeah. So when I understood

804
00:48:05,160 --> 00:48:07,480
Speaker 4: the culture of video games, like it's a whole it's

805
00:48:07,480 --> 00:48:09,839
Speaker 4: a whole subculture of video games. So I'm like, all right,

806
00:48:09,880 --> 00:48:12,319
Speaker 4: think the cryptocurrency for that, then that's brilliant. And then

807
00:48:12,320 --> 00:48:14,480
Speaker 4: there's a bunch of cryptocurrency for different things. So can

808
00:48:14,520 --> 00:48:15,240
Speaker 4: you talk about.

809
00:48:15,080 --> 00:48:19,000
Speaker 8: That church so so so just like you need you know,

810
00:48:19,080 --> 00:48:21,080
Speaker 8: Ryan was just talking about, you got to do research

811
00:48:21,400 --> 00:48:25,080
Speaker 8: and understand the company, understand what you're investing in. The

812
00:48:25,120 --> 00:48:29,239
Speaker 8: same thing holds true for different crypto assets, right there

813
00:48:29,239 --> 00:48:33,640
Speaker 8: are different use cases and different value propositions that each

814
00:48:33,719 --> 00:48:38,520
Speaker 8: one has. For instance, if you believe in the NFT space.

815
00:48:38,880 --> 00:48:41,319
Speaker 8: Then you may be attracted to ethereum and you want

816
00:48:41,320 --> 00:48:44,040
Speaker 8: to sort of go that way. You may do some

817
00:48:44,080 --> 00:48:48,040
Speaker 8: research and find that cardonal and ada is something that

818
00:48:48,080 --> 00:48:50,759
Speaker 8: you're interested in, and so you literally have to pull

819
00:48:50,840 --> 00:48:55,400
Speaker 8: back the onion do your own research. There's so much free, free,

820
00:48:55,640 --> 00:48:58,799
Speaker 8: free information out there on the Black Wall Street app

821
00:48:58,800 --> 00:49:02,040
Speaker 8: and and just in general across the ecosystem that allows

822
00:49:02,120 --> 00:49:07,400
Speaker 8: you to understand the different use cases for different crypto assets.

823
00:49:07,719 --> 00:49:11,560
Speaker 8: The thing to be careful of is when you see

824
00:49:11,640 --> 00:49:15,080
Speaker 8: people trying to pump one now. And that's why I

825
00:49:15,080 --> 00:49:18,320
Speaker 8: believe Elon Musk and Mark Cuban have been so irresponsible

826
00:49:18,640 --> 00:49:22,000
Speaker 8: around those coin and we could we can get into

827
00:49:22,040 --> 00:49:26,000
Speaker 8: deeper of what that's about, and and and and why

828
00:49:26,040 --> 00:49:29,720
Speaker 8: that is. But they're if people don't understand. If someone

829
00:49:29,760 --> 00:49:32,560
Speaker 8: comes up to me and says hill crypto is a crypto,

830
00:49:32,920 --> 00:49:35,600
Speaker 8: those coins the same thing as Bitcoin, then you know

831
00:49:35,760 --> 00:49:38,759
Speaker 8: that they actually haven't done their homework and done their

832
00:49:38,840 --> 00:49:42,040
Speaker 8: research to understand there's a different there's a there's a

833
00:49:42,120 --> 00:49:45,080
Speaker 8: fundamental difference in the use case and so so rather

834
00:49:45,120 --> 00:49:48,080
Speaker 8: than there's so many of them and there's so many

835
00:49:48,160 --> 00:49:52,440
Speaker 8: that are actually providing real use and value. And if

836
00:49:52,480 --> 00:49:55,640
Speaker 8: you believe in the value or the use that they're providing,

837
00:49:55,840 --> 00:49:58,359
Speaker 8: and you think that there is a longevity to that,

838
00:49:59,040 --> 00:50:01,960
Speaker 8: then lean into that space and lean in. I don't

839
00:50:02,080 --> 00:50:04,920
Speaker 8: mind for just give you an example. Personally, I do

840
00:50:05,040 --> 00:50:08,279
Speaker 8: not mind bitcoin, but I mind ethereum.

841
00:50:09,160 --> 00:50:09,600
Speaker 2: Okay.

842
00:50:09,880 --> 00:50:12,520
Speaker 8: Now, see, so I have, I have a mining set up,

843
00:50:12,880 --> 00:50:15,600
Speaker 8: a mining you know, a situation, right, and I could

844
00:50:15,640 --> 00:50:19,319
Speaker 8: choose to mind any of the cryptos out there, but

845
00:50:19,440 --> 00:50:21,680
Speaker 8: I do not mind bitcoin, and people always talking about

846
00:50:21,680 --> 00:50:25,360
Speaker 8: bitcoin mining, bitcoin mining. I think that there's better value

847
00:50:25,480 --> 00:50:30,759
Speaker 8: for me using my mining rigs to mine ethereum. Now

848
00:50:30,800 --> 00:50:36,120
Speaker 8: that may change, right, Why is that? Well, it may

849
00:50:36,239 --> 00:50:37,640
Speaker 8: change because ethereum's changed.

850
00:50:37,840 --> 00:50:40,800
Speaker 4: Why why do you prefer to mine ethereum as opposed

851
00:50:40,840 --> 00:50:41,200
Speaker 4: to bitcoin?

852
00:50:41,239 --> 00:50:46,200
Speaker 8: Okay? So, so you have to look at basically what

853
00:50:46,360 --> 00:50:50,280
Speaker 8: you're receiving for that time and energy spent. It's very

854
00:50:50,440 --> 00:50:54,520
Speaker 8: energy intensive to mine, and what happens is you end

855
00:50:54,600 --> 00:50:58,760
Speaker 8: up spending a lot of money in energy fees and costs.

856
00:50:59,000 --> 00:51:01,680
Speaker 8: It also depends where you do it, if you live

857
00:51:01,680 --> 00:51:05,280
Speaker 8: in a certain place. I do not recommend mining, okay,

858
00:51:05,480 --> 00:51:09,440
Speaker 8: because certain in certain places energy fees are very high.

859
00:51:09,760 --> 00:51:13,680
Speaker 8: My whole mining setup is not where I live, because

860
00:51:13,680 --> 00:51:15,799
Speaker 8: it would be too expensive to mind where I live.

861
00:51:16,040 --> 00:51:18,479
Speaker 8: So I have my whole mind set up somewhere else

862
00:51:18,760 --> 00:51:23,120
Speaker 8: where the energy cost is significantly lower, and so I'm

863
00:51:23,160 --> 00:51:26,359
Speaker 8: able to mine a great deal for a much, much

864
00:51:26,440 --> 00:51:29,440
Speaker 8: much lower cost. And so you have to actually look

865
00:51:29,440 --> 00:51:31,280
Speaker 8: at that, and then you look at what you're getting

866
00:51:31,400 --> 00:51:35,399
Speaker 8: from mining right now, the way ethereum is set up

867
00:51:35,760 --> 00:51:38,839
Speaker 8: and the level of fees that are associated with ethereum.

868
00:51:39,080 --> 00:51:42,400
Speaker 8: There's a group, there's a there's a healthy return for

869
00:51:42,600 --> 00:51:47,560
Speaker 8: mining etherorum where the same level of return I believe

870
00:51:47,600 --> 00:51:51,440
Speaker 8: does not exist given the energy required for Bitcoin, and

871
00:51:51,440 --> 00:51:54,479
Speaker 8: and and and watch this. I can mind some other

872
00:51:54,680 --> 00:51:59,799
Speaker 8: cryptos where the return today is even much more than

873
00:51:59,840 --> 00:52:02,920
Speaker 8: a theorem. But the problem with that is I still

874
00:52:02,960 --> 00:52:06,320
Speaker 8: go back to my original thesis. I see the value

875
00:52:06,400 --> 00:52:11,760
Speaker 8: proposition in ethereum right now over a longer period of time,

876
00:52:12,280 --> 00:52:16,920
Speaker 8: and therefore me mining. You know, sheibu enu, you know

877
00:52:17,000 --> 00:52:19,440
Speaker 8: whatever I mean. Come on, don't get me started. Point is,

878
00:52:19,760 --> 00:52:22,640
Speaker 8: you know I'm saying you got you got to actually

879
00:52:22,719 --> 00:52:25,440
Speaker 8: do your own homework and understand that. But I want

880
00:52:25,440 --> 00:52:27,640
Speaker 8: to pivot real quick, go back to something that that

881
00:52:27,880 --> 00:52:30,799
Speaker 8: Ryan said that I thought, I don't want folks to

882
00:52:30,840 --> 00:52:35,080
Speaker 8: miss this. When he was just talking about ownership, and

883
00:52:35,160 --> 00:52:39,680
Speaker 8: he mentioned Zuckerberg, he mentioned Elon Musk, he mentioned Bezos

884
00:52:39,719 --> 00:52:44,160
Speaker 8: and their wealth was built off of these tech platforms

885
00:52:44,160 --> 00:52:47,960
Speaker 8: and tech companies. And we for far too long, and

886
00:52:47,960 --> 00:52:51,760
Speaker 8: he mentioned this talking about music, for far too long,

887
00:52:52,440 --> 00:52:56,600
Speaker 8: our culture has been monetized by tech and tech platforms

888
00:52:56,760 --> 00:53:00,480
Speaker 8: to build wealth for people other than us, because we

889
00:53:00,520 --> 00:53:03,759
Speaker 8: don't own the platforms. That's why it's so critical for

890
00:53:03,880 --> 00:53:07,560
Speaker 8: us to begin to own our own ip, own our

891
00:53:07,600 --> 00:53:10,439
Speaker 8: own platforms. When I went to launch the Black Wall

892
00:53:10,480 --> 00:53:13,160
Speaker 8: Street people are like, hell, you're gonna lunch with a wallet?

893
00:53:13,280 --> 00:53:15,359
Speaker 8: You should white label a wallet. Just do that, man,

894
00:53:15,960 --> 00:53:17,839
Speaker 8: you know it'll be much cheaper and much better. It'll

895
00:53:17,880 --> 00:53:21,480
Speaker 8: be much more functional. But then all of a sudden,

896
00:53:22,760 --> 00:53:27,839
Speaker 8: I'm like the Rush card, which is a big lie. Right,

897
00:53:27,960 --> 00:53:30,440
Speaker 8: I can go out into the black community and market

898
00:53:30,560 --> 00:53:34,000
Speaker 8: something and says, hey, you know, bank black use the

899
00:53:34,080 --> 00:53:37,560
Speaker 8: Rush card. But if my charter company is a white

900
00:53:37,600 --> 00:53:40,480
Speaker 8: bank and you actually peel back the onion, you realize

901
00:53:40,480 --> 00:53:42,560
Speaker 8: it's Green Dot Bank. And if you would have gone

902
00:53:42,560 --> 00:53:44,960
Speaker 8: straight to Green Dot, you'd be paying less fees. And

903
00:53:45,000 --> 00:53:47,680
Speaker 8: so all you're paying are marketing fees layered on top

904
00:53:47,719 --> 00:53:52,239
Speaker 8: of someone else's technology. That is not black ownership. That's

905
00:53:52,320 --> 00:53:59,000
Speaker 8: black marketing. It's fundamentally different. That's why we have to

906
00:53:59,080 --> 00:54:03,640
Speaker 8: own our own our own charters. We have to do

907
00:54:03,680 --> 00:54:05,279
Speaker 8: this and then we have to support each other in

908
00:54:05,360 --> 00:54:09,040
Speaker 8: doing it. And so one way to think about it,

909
00:54:09,080 --> 00:54:11,440
Speaker 8: and this is a mindset shift in terms of purchasing.

910
00:54:11,440 --> 00:54:13,920
Speaker 8: And you can talk about Louis Vuitton or whatever. The

911
00:54:13,960 --> 00:54:16,440
Speaker 8: way I try to think about that piece is, for instance,

912
00:54:16,480 --> 00:54:19,320
Speaker 8: these you know, Nike shoes or whatever. I never buy

913
00:54:19,880 --> 00:54:24,560
Speaker 8: a luxury item. I make the company buy it for me. Well,

914
00:54:24,640 --> 00:54:27,919
Speaker 8: I mean, I'll never buy Nikes unless I've made enough

915
00:54:27,960 --> 00:54:33,000
Speaker 8: dividend off a Nike stock to buy the shoe. So

916
00:54:33,360 --> 00:54:36,239
Speaker 8: you can think about the same way. Use that rule

917
00:54:36,280 --> 00:54:38,960
Speaker 8: for Louis Vuitton, and nothing wrong with happened louisviittan perse

918
00:54:39,120 --> 00:54:42,440
Speaker 8: if you own LVMA stock and you allow the stock

919
00:54:42,520 --> 00:54:48,399
Speaker 8: to buy the purse, right, So you can always think

920
00:54:48,440 --> 00:54:52,560
Speaker 8: about everything you do and being and all this goes

921
00:54:52,600 --> 00:54:56,719
Speaker 8: back to this one simple idea. Let's be intentional with

922
00:54:57,000 --> 00:55:02,120
Speaker 8: how we use every hard money dollar, fiat dollar and

923
00:55:02,200 --> 00:55:06,440
Speaker 8: digital dollar and crypto dollar, if we actually import intentionality

924
00:55:06,480 --> 00:55:11,040
Speaker 8: and strategy around our usage, whether it's a spend or

925
00:55:11,080 --> 00:55:14,960
Speaker 8: an investment, or who we support and how we support platforms,

926
00:55:15,320 --> 00:55:18,680
Speaker 8: then all of a sudden, it supercharges that wealth creation

927
00:55:18,840 --> 00:55:21,920
Speaker 8: for you as well as as the founders and the

928
00:55:21,960 --> 00:55:26,720
Speaker 8: tech platforms and folks all around, and that recirculation starts

929
00:55:26,800 --> 00:55:30,120
Speaker 8: to work. Makes sense?

930
00:55:33,920 --> 00:55:40,520
Speaker 6: Yes, yes, Ryan Women in wealth Initiative? What's what's that about? Why?

931
00:55:40,800 --> 00:55:44,200
Speaker 6: You know, I'm I'm very happy to.

932
00:55:44,160 --> 00:55:48,720
Speaker 4: See a lot of the ladies here, but I still, yes,

933
00:55:50,760 --> 00:55:54,680
Speaker 4: I'm still not all the way happy with the percentage

934
00:55:54,719 --> 00:56:01,040
Speaker 4: that we have. I think it's like sixty women listen

935
00:56:01,080 --> 00:56:03,359
Speaker 4: to Ernie Alesia, and I would love to have it

936
00:56:03,400 --> 00:56:04,520
Speaker 4: to be fifty to fifty.

937
00:56:05,560 --> 00:56:06,640
Speaker 6: So we're making strides.

938
00:56:06,680 --> 00:56:08,840
Speaker 4: We got a bunch of powerful women that's going to

939
00:56:08,920 --> 00:56:11,359
Speaker 4: be up here this entire weekend. But what's what's that

940
00:56:11,400 --> 00:56:13,319
Speaker 4: initiative about? And why was it important for you to

941
00:56:13,320 --> 00:56:13,640
Speaker 4: start that?

942
00:56:14,840 --> 00:56:22,160
Speaker 2: Yeah? So I have limited time, right, and.

943
00:56:24,320 --> 00:56:27,520
Speaker 7: My mother has always been the matriarch in a meaningful

944
00:56:27,560 --> 00:56:31,760
Speaker 7: way for my family. She's the one that always encouraged

945
00:56:31,840 --> 00:56:35,120
Speaker 7: us to save, She's the one that always encouraged us

946
00:56:35,239 --> 00:56:38,640
Speaker 7: to be frugal, He's the one that encouraged us to

947
00:56:39,120 --> 00:56:42,680
Speaker 7: also be as resourceful as possible and be of service.

948
00:56:44,040 --> 00:56:46,640
Speaker 7: And my dad was, you know, he was always, hey,

949
00:56:46,680 --> 00:56:49,520
Speaker 7: God will provide. You know, he's spending money and God

950
00:56:49,560 --> 00:56:52,319
Speaker 7: will provide, you know. And my grandfather was the same way,

951
00:56:52,360 --> 00:56:55,000
Speaker 7: He's spend the money on God will provide. And guess what,

952
00:56:55,120 --> 00:56:59,760
Speaker 7: God actually always did provide. So you know, I ascribe

953
00:56:59,760 --> 00:57:05,560
Speaker 7: to that a little bit as well. But what I

954
00:57:05,600 --> 00:57:08,920
Speaker 7: will say is that over the last year, I have

955
00:57:09,800 --> 00:57:15,759
Speaker 7: a one on one mentorship program and it's it's really

956
00:57:15,840 --> 00:57:19,520
Speaker 7: to pay it forward in the same way that Sandy

957
00:57:20,640 --> 00:57:23,800
Speaker 7: gave to me, because I know, being at a conference

958
00:57:23,880 --> 00:57:27,760
Speaker 7: like this, there's so much information that you had the

959
00:57:27,840 --> 00:57:30,800
Speaker 7: process and you go home and I know I took

960
00:57:30,840 --> 00:57:33,640
Speaker 7: some notes, but once the Satoshi and I think he

961
00:57:33,720 --> 00:57:38,360
Speaker 7: was talking about those in Mark Cuban and concentration and

962
00:57:39,760 --> 00:57:42,520
Speaker 7: Robin Hood is robbing the hood and how do I

963
00:57:42,560 --> 00:57:43,400
Speaker 7: remember everything?

964
00:57:43,480 --> 00:57:44,200
Speaker 2: You know what I'm saying.

965
00:57:44,880 --> 00:57:49,400
Speaker 7: And so sometimes it takes just having somebody who actually

966
00:57:49,440 --> 00:57:52,800
Speaker 7: would just lock in with you for a year and

967
00:57:52,840 --> 00:57:55,000
Speaker 7: break it down for you, just week by week, week

968
00:57:55,040 --> 00:57:57,280
Speaker 7: by week, week by week. You just you show up

969
00:57:57,320 --> 00:58:00,520
Speaker 7: every week you do the research, you do the homework.

970
00:58:01,040 --> 00:58:06,200
Speaker 7: And so I created a program whereby you know, just

971
00:58:06,240 --> 00:58:08,440
Speaker 7: a few a handful of people per week, I mean

972
00:58:08,760 --> 00:58:12,720
Speaker 7: per year, I actually provide this kind of mentorship and service.

973
00:58:13,600 --> 00:58:17,520
Speaker 7: And it's not because people can't find it on their own.

974
00:58:17,600 --> 00:58:21,240
Speaker 7: Like Hill said, there's so much freeation. But sometimes if

975
00:58:21,280 --> 00:58:23,000
Speaker 7: you don't even know what you're looking for, and you

976
00:58:23,000 --> 00:58:25,360
Speaker 7: don't even know what you don't know, you could just

977
00:58:25,360 --> 00:58:30,480
Speaker 7: get lost in that matrix. So that mentorship program really

978
00:58:30,520 --> 00:58:35,120
Speaker 7: began to illustrate for me the difference between a male

979
00:58:35,200 --> 00:58:38,840
Speaker 7: perspective on investing, which in many cases is kind of

980
00:58:38,840 --> 00:58:42,920
Speaker 7: more like gambling, and a female perspective on investing, which

981
00:58:42,960 --> 00:58:47,640
Speaker 7: I found to be in many cases more rational, more disciplined,

982
00:58:48,680 --> 00:58:51,080
Speaker 7: more reasonable, more measured.

983
00:58:53,800 --> 00:58:54,960
Speaker 2: Yeah, come on, get.

984
00:58:54,880 --> 00:58:57,320
Speaker 7: Y'allselves around the applause, Go ahead, ladies.

985
00:59:03,920 --> 00:59:06,680
Speaker 2: Yeah.

986
00:59:06,840 --> 00:59:10,040
Speaker 7: So when I found that there was that kind of differentiation,

987
00:59:10,680 --> 00:59:13,439
Speaker 7: I found that potentially the impact that I could make

988
00:59:14,400 --> 00:59:16,480
Speaker 7: in terms of what I was teaching, in terms of

989
00:59:16,520 --> 00:59:20,600
Speaker 7: the coaching, in terms of the mentorship, the investment, Like

990
00:59:20,680 --> 00:59:23,240
Speaker 7: Hill was talking about, you want the greatest return on

991
00:59:23,280 --> 00:59:26,520
Speaker 7: your investment. So I found that when I invested the

992
00:59:26,600 --> 00:59:35,040
Speaker 7: time with women, they also weren't just doing it for themselves.

993
00:59:36,280 --> 00:59:38,640
Speaker 7: They always said, Look, I'm not Ryan. This ain't just

994
00:59:38,640 --> 00:59:40,800
Speaker 7: for me. It's for my son, it's for my mom,

995
00:59:41,080 --> 00:59:43,920
Speaker 7: It's for my aunt, my uncle, my niece, my nephew.

996
00:59:46,720 --> 00:59:49,560
Speaker 7: And what we found on Wall Street all the time. Man, Listen,

997
00:59:50,320 --> 00:59:53,600
Speaker 7: I know some folks in here. If you actually watch movies,

998
00:59:54,080 --> 00:59:56,160
Speaker 7: you've seen a Wolf of Wall Street. You see how

999
00:59:56,480 --> 01:00:01,800
Speaker 7: women are objectified in the Wall Street communities. It's all

1000
01:00:01,840 --> 01:00:08,440
Speaker 7: suits and ties and misogyny. But actually, very recently that

1001
01:00:08,600 --> 01:00:14,240
Speaker 7: has emerged almost a I guess sometimes they call her

1002
01:00:14,360 --> 01:00:18,520
Speaker 7: like the modern day female Warren Buffett, Kathy Wood of

1003
01:00:18,640 --> 01:00:19,440
Speaker 7: Arc and Best Right.

1004
01:00:19,520 --> 01:00:20,640
Speaker 2: We talked about her, right.

1005
01:00:22,320 --> 01:00:24,240
Speaker 7: And what a lot of folks don't know is that

1006
01:00:24,840 --> 01:00:31,920
Speaker 7: one of the other non public greatest female investment managers

1007
01:00:32,000 --> 01:00:33,080
Speaker 7: is actually of color.

1008
01:00:33,080 --> 01:00:36,000
Speaker 2: Her name is Melanie Hobson. She ha us be married

1009
01:00:36,000 --> 01:00:36,960
Speaker 2: to George Lucas.

1010
01:00:37,600 --> 01:00:41,680
Speaker 7: People didn't know that George Lucas created Star Wars. He

1011
01:00:41,760 --> 01:00:45,240
Speaker 7: found himself a strong black woman, right, and she's one

1012
01:00:45,280 --> 01:00:48,080
Speaker 7: of the best money managers in the world. So that's

1013
01:00:48,080 --> 01:00:52,440
Speaker 7: why we decided that, Look, if you really want to

1014
01:00:52,480 --> 01:00:55,360
Speaker 7: make a true difference and have a true impact, on

1015
01:00:55,440 --> 01:00:59,800
Speaker 7: a family and generational level. Then it's important to educate,

1016
01:01:00,600 --> 01:01:05,520
Speaker 7: mentor inspire and motivate the women.

1017
01:01:06,440 --> 01:01:07,880
Speaker 2: The women very important.

1018
01:01:08,240 --> 01:01:10,360
Speaker 6: Make some noise for that very very important.

1019
01:01:10,760 --> 01:01:13,919
Speaker 4: Hell, before we go, I want you just to talk

1020
01:01:13,960 --> 01:01:16,080
Speaker 4: about Black Walter, but I also want you to tie

1021
01:01:16,080 --> 01:01:18,400
Speaker 4: it on if you can't with the what you said

1022
01:01:18,440 --> 01:01:23,320
Speaker 4: as far as this cross generational wealth transfer, recirculation and

1023
01:01:23,400 --> 01:01:24,920
Speaker 4: dollar and all of that group back of nomics, can

1024
01:01:24,960 --> 01:01:28,720
Speaker 4: you tie that in and how that was a motivational

1025
01:01:28,760 --> 01:01:30,160
Speaker 4: factor in your platform.

1026
01:01:30,680 --> 01:01:33,320
Speaker 8: Absolutely, But we don't have much time, so I want.

1027
01:01:33,160 --> 01:01:35,480
Speaker 4: It's early your Liegia's event. We got as much time

1028
01:01:35,480 --> 01:01:36,360
Speaker 4: as we're good.

1029
01:01:36,520 --> 01:01:42,000
Speaker 8: Okay, Well, since we're talking about strong, incredible women, I

1030
01:01:42,040 --> 01:01:45,920
Speaker 8: want to recognize Naja Roberts, my co founder, who's right here.

1031
01:01:46,280 --> 01:01:48,240
Speaker 8: She is sitting up there. Naja, come on, just just

1032
01:01:48,240 --> 01:01:50,640
Speaker 8: just come on, wave turn around a way to the people.

1033
01:01:52,120 --> 01:01:59,160
Speaker 8: That's Naja Roberts. She's one of the only two breaking

1034
01:01:59,400 --> 01:02:03,560
Speaker 8: mortar over the counter crypto currency exchanges in the country

1035
01:02:03,760 --> 01:02:11,080
Speaker 8: called Crypto Blockshain Plug in Inglewood, California. I went to

1036
01:02:11,160 --> 01:02:14,400
Speaker 8: her on bend and knee and said, I'm launching the

1037
01:02:14,440 --> 01:02:17,960
Speaker 8: Black Wall Street. I need you please join me in

1038
01:02:18,000 --> 01:02:21,280
Speaker 8: this journey nausea. I need your expertise. She's one of

1039
01:02:21,360 --> 01:02:25,040
Speaker 8: the foremost experts in crypto in the world, and she

1040
01:02:25,360 --> 01:02:28,560
Speaker 8: joined me. Her husband said it was okay for me

1041
01:02:28,600 --> 01:02:30,120
Speaker 8: to be on bended knee in front of her. It

1042
01:02:30,160 --> 01:02:32,640
Speaker 8: was not a problem, and he was cool with that.

1043
01:02:32,960 --> 01:02:35,720
Speaker 8: And so she is incredible. So I wanted to mention

1044
01:02:35,840 --> 01:02:38,720
Speaker 8: her because we talk about everybody talk about crypto and

1045
01:02:38,760 --> 01:02:41,560
Speaker 8: they think it's male driven and tech is male driven.

1046
01:02:41,600 --> 01:02:44,600
Speaker 8: But they are incredible women doing so many incredible things

1047
01:02:44,680 --> 01:02:47,600
Speaker 8: in the tech space and the crypto space, like NASA.

1048
01:02:47,680 --> 01:02:52,320
Speaker 8: So why is recirculating the dollar so critical? If we

1049
01:02:52,360 --> 01:02:54,280
Speaker 8: look back to the original Black Wall Street and the

1050
01:02:54,640 --> 01:02:58,560
Speaker 8: inspiration for the name of the Digital platform, the Black

1051
01:02:58,600 --> 01:03:01,280
Speaker 8: Wall Street was the original Black Street. From nineteen oh

1052
01:03:01,280 --> 01:03:04,640
Speaker 8: five to nineteen twenty one, ow Gurley founded thirty five

1053
01:03:04,640 --> 01:03:07,640
Speaker 8: blocks in Talls, Oklahoma, the Greenwood District, and what happened

1054
01:03:07,800 --> 01:03:11,960
Speaker 8: was a dollar recirculated. I believe there were three distinct

1055
01:03:11,960 --> 01:03:14,720
Speaker 8: pillars that built wealth in that ecosystem, and these are

1056
01:03:14,720 --> 01:03:18,440
Speaker 8: the pillars that we tried to replicate with our digital platform.

1057
01:03:18,720 --> 01:03:22,000
Speaker 8: Pillar number one institutional ownership. We've talked about that most

1058
01:03:22,000 --> 01:03:26,240
Speaker 8: of this conversation. We owned the businesses, owned the intellectual property,

1059
01:03:26,400 --> 01:03:29,880
Speaker 8: own the land. So ownership is critical. Pillar number two

1060
01:03:30,360 --> 01:03:34,720
Speaker 8: institutional trust. We haven't talked about this much. They trusted

1061
01:03:34,760 --> 01:03:38,040
Speaker 8: each other to transact with each other. Imagine that black

1062
01:03:38,040 --> 01:03:41,880
Speaker 8: folks loaning each other money, black folks actually working together,

1063
01:03:42,160 --> 01:03:46,760
Speaker 8: black folks spending money with each other. Institutional trust. And

1064
01:03:46,800 --> 01:03:49,800
Speaker 8: then pillar number three of these three wealth building pillars

1065
01:03:50,000 --> 01:03:52,280
Speaker 8: to me, and perhaps the most important, was the movement

1066
01:03:52,320 --> 01:03:55,280
Speaker 8: of money or capital within the ecosystem. Where during that

1067
01:03:55,400 --> 01:03:58,000
Speaker 8: time a dollar chain saying sixty to one hundred times

1068
01:03:58,120 --> 01:04:00,120
Speaker 8: back then that was a year to three years. As

1069
01:04:00,160 --> 01:04:02,400
Speaker 8: I said earlier, a dollar lea's a blackmunley within sixty

1070
01:04:02,440 --> 01:04:04,800
Speaker 8: seven hours. We have one point two trillion dollars of

1071
01:04:04,840 --> 01:04:07,160
Speaker 8: spending power in the black community. Yet it comes in

1072
01:04:07,200 --> 01:04:09,600
Speaker 8: because we work hard. Everybody. We all know people are

1073
01:04:09,640 --> 01:04:13,240
Speaker 8: in two three jobs with other side hustles. But the

1074
01:04:13,320 --> 01:04:17,240
Speaker 8: problem is the money leaves. We don't have the ability

1075
01:04:17,400 --> 01:04:19,840
Speaker 8: to recirculate. Just think about this. I'm gonna drop this

1076
01:04:20,000 --> 01:04:24,400
Speaker 8: on you. A thirty billion dollar industry black female hair care.

1077
01:04:24,720 --> 01:04:27,439
Speaker 8: We don't control the industry, nor do we control even

1078
01:04:27,440 --> 01:04:30,760
Speaker 8: the supply of it when you talk about how much

1079
01:04:30,800 --> 01:04:34,120
Speaker 8: money goes into the Korean community and other communities that

1080
01:04:34,280 --> 01:04:37,720
Speaker 8: own over three to four thousand hair care shops throughout

1081
01:04:37,760 --> 01:04:41,160
Speaker 8: the country, payday Lender. We can go on and on

1082
01:04:41,200 --> 01:04:44,600
Speaker 8: and on. The point is the money leaves. We have

1083
01:04:44,720 --> 01:04:49,800
Speaker 8: to recirculate those dollars, and now digital platforms allow us

1084
01:04:49,800 --> 01:04:54,000
Speaker 8: to do it. Now, why people say, hell man, I

1085
01:04:54,080 --> 01:04:57,280
Speaker 8: love my cash shaff Why is cash shaff a problem?

1086
01:04:57,480 --> 01:05:00,520
Speaker 8: The reason why we launched the digital wallet first is

1087
01:05:00,520 --> 01:05:03,120
Speaker 8: that if we don't start owning our digital wallets, as

1088
01:05:03,120 --> 01:05:07,360
Speaker 8: the money starts moving into a digital currency, then the

1089
01:05:07,440 --> 01:05:10,280
Speaker 8: dollar's gonna start leaving within six to seven seconds, let

1090
01:05:10,320 --> 01:05:12,960
Speaker 8: alone six to seven hours. We have to own our

1091
01:05:13,000 --> 01:05:16,360
Speaker 8: own wallets. So if you use Apple pay Apple Wallet,

1092
01:05:16,360 --> 01:05:20,800
Speaker 8: if you use zeale Venmo, PayPal, cash app, who owns those?

1093
01:05:22,280 --> 01:05:26,280
Speaker 8: Do they look like anybody in this room. That's why

1094
01:05:26,400 --> 01:05:30,480
Speaker 8: we we started our MVP with a wallet, and we

1095
01:05:30,800 --> 01:05:36,080
Speaker 8: can digitally recirculate those dollars on platform. Right, I want

1096
01:05:36,080 --> 01:05:39,040
Speaker 8: to I want to bring superphone onto platform and then

1097
01:05:39,080 --> 01:05:42,080
Speaker 8: you could pay for superphone through the Black Wall Street wallet.

1098
01:05:42,920 --> 01:05:45,560
Speaker 8: You understand how this starts to work. You understand how

1099
01:05:45,600 --> 01:05:50,040
Speaker 8: it starts to recirculate and create jobs and opportunity. That's

1100
01:05:50,520 --> 01:05:53,520
Speaker 8: how it works. And and and I'll just say this

1101
01:05:54,120 --> 01:05:57,360
Speaker 8: in the in that spirit, please y'all take out your phones.

1102
01:05:57,760 --> 01:06:03,840
Speaker 8: Please go to the app store or your or or Google, Google,

1103
01:06:04,400 --> 01:06:08,640
Speaker 8: uh is, Android iOS and download the Black Just type

1104
01:06:08,680 --> 01:06:11,840
Speaker 8: in the Black Wall Street download it. You can still

1105
01:06:11,960 --> 01:06:14,919
Speaker 8: use your cash AFT that's okay, but use a black

1106
01:06:14,920 --> 01:06:17,400
Speaker 8: platform too, That's all I'm saying. Just add it on.

1107
01:06:17,920 --> 01:06:23,400
Speaker 8: Don't make cash APT or PayPal your only wallet. You

1108
01:06:23,440 --> 01:06:26,800
Speaker 8: can actually add black owned wallets to it. And that

1109
01:06:27,120 --> 01:06:29,880
Speaker 8: to me is the secret sauce. No one's saying, yo,

1110
01:06:30,240 --> 01:06:32,760
Speaker 8: don't do anything you're doing is bad. It's just saying,

1111
01:06:32,840 --> 01:06:36,280
Speaker 8: add on a black alternative, just like you saying, you know,

1112
01:06:36,400 --> 01:06:38,880
Speaker 8: I gotta approach my people, set up, set me up

1113
01:06:38,880 --> 01:06:41,160
Speaker 8: with community. But I'm gonna get rid of community now

1114
01:06:41,200 --> 01:06:42,160
Speaker 8: and go to superphone.

1115
01:06:42,200 --> 01:06:42,520
Speaker 2: Amen.

1116
01:06:45,320 --> 01:06:47,240
Speaker 8: That's it. That's it.

1117
01:06:48,280 --> 01:06:48,920
Speaker 6: Dare you have it?

1118
01:06:49,000 --> 01:06:53,840
Speaker 4: Ladies and gentlemen, roundup applause for Ryan Leslie and Hill Harper.

1119
01:06:55,960 --> 01:07:10,280
Speaker 2: One time, and y'all listen. I wouldn't I wouldn't. I

1120
01:07:10,280 --> 01:07:13,040
Speaker 2: wouldn't be I wouldn't be.

1121
01:07:13,080 --> 01:07:16,480
Speaker 7: Keeping it a stack if I didn't say that I

1122
01:07:16,480 --> 01:07:21,360
Speaker 7: actually respond to everyone that actually is looking for that

1123
01:07:21,560 --> 01:07:26,120
Speaker 7: mentor that's looking for that coach, that's looking to reach

1124
01:07:26,200 --> 01:07:28,800
Speaker 7: that peak performance in the in the prime of their life.

1125
01:07:29,560 --> 01:07:31,800
Speaker 7: So in the same way he said, take out your

1126
01:07:31,840 --> 01:07:36,360
Speaker 7: phone and download the Black Wall Street app. Text Ryan

1127
01:07:36,440 --> 01:07:41,840
Speaker 7: dot com. Try it out. Text Ryan dot com. You

1128
01:07:41,840 --> 01:07:44,880
Speaker 7: can leave your number there. I respond to everyone. I

1129
01:07:45,320 --> 01:07:47,600
Speaker 7: do the phone calls, thirty phone calls a day till

1130
01:07:47,640 --> 01:07:50,400
Speaker 7: I till I get through the touch touch base with everybody.

1131
01:07:50,680 --> 01:07:52,440
Speaker 7: But it's a pleasure honored to be up here with

1132
01:07:52,520 --> 01:07:55,080
Speaker 7: these brothers. Let's give it up one more time.

1133
01:07:55,640 --> 01:07:57,240
Speaker 8: Yes, give it up leisure y'all.

1134
01:07:59,320 --> 01:08:04,560
Speaker 5: My graduates from my school being forced backdrop b drop,

1135
01:08:05,200 --> 01:08:07,640
Speaker 5: Mike drop, back drop drop.

1136
01:08:21,880 --> 01:08:24,960
Speaker 8: Hey everyone, this is Tatiana Manning, host of Real Talk

1137
01:08:25,000 --> 01:08:25,559
Speaker 8: with Pgen.

1138
01:08:26,320 --> 01:08:28,960
Speaker 9: We know small businesses are dealing with rising costs and

1139
01:08:29,000 --> 01:08:31,559
Speaker 9: looking for ways to boost their bottom line. That's why

1140
01:08:31,600 --> 01:08:34,240
Speaker 9: we're doing the show to help customers save with simple

1141
01:08:34,280 --> 01:08:36,840
Speaker 9: and easy to do steps by making sure they're on

1142
01:08:37,000 --> 01:08:38,920
Speaker 9: the most optimal rate for their business.

1143
01:08:39,200 --> 01:08:41,839
Speaker 4: So check us out on pg dot com, fort Slash,

1144
01:08:41,880 --> 01:08:42,400
Speaker 4: Real Talk

1145
01:08:42,560 --> 01:08:47,440
Speaker 9: And all other streaming platforms.