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Speaker 1: Hey, what's up everybody. I'm Jamel Hill and welcome to politics.

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Speaker 1: And I heard podcast and unbothered production time to get spolitical.

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Speaker 1: During the nineteen seventy five lecture at Portland State University,

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Speaker 1: Tony Morrison, as she often did, said something that was

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Speaker 1: incredibly profound. Morrison said, the very serious function of racism

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Speaker 1: is a distraction. It keeps you from doing your work.

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Speaker 1: It keeps you explaining over and over again your reason

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Speaker 1: for being now.

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Speaker 2: I thought about her.

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Speaker 1: Words immediately when I read about the Department of Defense

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Speaker 1: removing the military story of Jackie Robinson from its website,

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Speaker 1: though later they restored it after a wave of understandable outrage,

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Speaker 1: They claimed it was a mistake. Now, Robinson is widely

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Speaker 1: considered one of the country's great heroes, a patriot who

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Speaker 1: loved this country and a stellar all around athlete who

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Speaker 1: integrated Major League Baseball in nineteen forty seven, forever changing

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Speaker 1: the sport. But Robinson understood this country, while it might

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Speaker 1: be worth fighting for, it also had deep flaws. Tony

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Speaker 1: Morrison understood this too, and that racism, in fact, was

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Speaker 1: one of the deepest flaws this country has ever had.

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Speaker 1: It's impossible to believe this was just some innocent accident

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Speaker 1: when this presidential administration has made it painfully clear that

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Speaker 1: it holds a special kind of hostility when it comes

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Speaker 1: to acknowledging, celebrating, and memorializing the contributions of people who

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Speaker 1: are not white men.

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Speaker 3: They not only removed.

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Speaker 1: The page dedicated to Jackie Robinson's military history, but also

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Speaker 1: the content that honored the to ski E Airman, the

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Speaker 1: Navajo cold Talkers, history making female fighter pilots, and Native

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Speaker 1: American soldier Ira Hayes, who was one of the six

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Speaker 1: flag raisers in the iconic World War Two photo. When

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Speaker 1: ESPN Baseball writer Jeff Passon asked the Department of Defense

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Speaker 1: why they remove Jackie Robbins's page, Pentagon press Secretary John Olyat,

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Speaker 1: and I truly hope I'm pronouncing his name wrong.

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Speaker 3: He had this to say, as.

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Speaker 1: Secretary Hegseith has said DEI is dead at the Defense Department.

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Speaker 1: Discriminatory equity ideology is a form of cultural Marxism that

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Speaker 1: has no place in our military. It divides the force,

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Speaker 1: erodes unit cohesion, and interferes with the service's core war

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Speaker 1: fighting mission. We are pleased by the rapid compliance across

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Speaker 1: the Department with the directive removing DEI content from all platforms.

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Speaker 1: In the rare cases, content is removed either deliberately or

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Speaker 1: by mistake that is out of the clearly outlined scope

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Speaker 1: of the directive. We instruct the components and they correct

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Speaker 1: the content accordingly. Boy, he hit every crazy ass buzzword

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Speaker 1: on the Bingo car, didn't He discriminatory equity ideology, which

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Speaker 1: is not what the actually stands for, throwing up a

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Speaker 1: word salad with woken cultural Marxism. I bet you one

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Speaker 1: hundred dollars he doesn't even know what any of that

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Speaker 1: shit means. But maybe the reason the Department of Defense

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Speaker 1: tried to slightly erase the history of Jackie Robinson's military

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Speaker 1: service is because there is a pretty interesting reason Robinson

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Speaker 1: was honorably discharged from the military. Here's sportscaster Kurt Menafee

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Speaker 1: with the cliff notes version.

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Speaker 4: When he went into the military and it was segregated,

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Speaker 4: he was chastised for not keeping himself separate on the

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Speaker 4: bus and sitting in the back of the bus where

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Speaker 4: the black guys.

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Speaker 2: Were supposed to sit.

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Speaker 4: He said, Hey, I'm a man, I'm a college any

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Speaker 4: educated man.

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Speaker 2: I'm not going to do that, but.

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Speaker 4: The military came down on him because they were segregated

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Speaker 4: at the time, and so the charges were kind of

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Speaker 4: trumped up at the beginning. They charged him with public drunkenness,

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Speaker 4: and he's a guy who didn't drink, and so once

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Speaker 4: everything got cleared out, they wound up being just a

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Speaker 4: very minor mark on his military record. But I think

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Speaker 4: it was a major moment for him because it showed

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Speaker 4: that he could stand up to authority and not actually

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Speaker 4: have to come to anyone.

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Speaker 1: Now, while this was mentioned on the Department of Defense

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Speaker 1: page honoring Robinson, I bet a lot of people who

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Speaker 1: wouldn't have normally visited that page have now learned something new.

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Speaker 1: And now that the Department of Defense has given us

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Speaker 1: a reason to revisit Robinson's.

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Speaker 3: History, let me tell you the whole.

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Speaker 1: Story, and not just the sanitized version many of us

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Speaker 1: learned about Jackie Robinson A lot of times. When Robinson

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Speaker 1: is complimented, people mentioned how he carried himself with dignity

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Speaker 1: and class while facing incredible racism when he integrated Major

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Speaker 1: League Baseball. All true, but that's kind of the PG version.

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Speaker 1: While it's true that Jackie Robinson did promise Brooklyn Dodgers

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Speaker 1: executive branch Ricky that he wouldn't respond to racism that

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Speaker 1: he faced on a routine basis during his first season.

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Speaker 1: As his career progressed, Robinson became increasingly outspoken. In fact,

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Speaker 1: he was so outspoken that some black people worried that

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Speaker 1: he was going to ruin the chances for other black

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Speaker 1: players who might follow in his footsteps.

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Speaker 3: And then that was Robinson's post baseball life.

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Speaker 1: In nineteen fifty seven, Robinson pressured President Dwight Eisenhower to

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Speaker 1: send troops to Little Rock, Arkansas, to protect black students

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Speaker 1: seeking to desegrade public schools. He helped raise bail money

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Speaker 1: for college students who were engaging in sit ins in

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Speaker 1: the South. He led a fundraiser to raise money to

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Speaker 1: rebuild black churches that have been burned down by racists

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Speaker 1: in the South. He was a constant presence in helping

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Speaker 1: doctor Martin Luther King Junior's voter registration drives.

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Speaker 3: He was a huge advocate for the Black Panther Party.

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Speaker 1: He criticized the police for their treatment of black people

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Speaker 1: and the banking industry for discriminating against black neighborhoods. And

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Speaker 1: Robinson's nineteen seventy two memoir I Never had it made,

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Speaker 1: Jackie Robinson wrote this, There I was the black grandson

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Speaker 1: of a slave, the son of a black sharecropper, part

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Speaker 1: of a historic occasion, a symbolic hero to my people.

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Speaker 1: The air was sparkling, the sunlight was warm. The band

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Speaker 1: struck up the national anthem. The flag billowed in the wind.

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Speaker 1: It should have been a glorious moment for me as

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Speaker 1: the stirring words of the national anthem poured from the stands.

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Speaker 3: Perhaps it was again.

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Speaker 1: Perhaps the anthem should be called the theme song, or

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Speaker 1: a drama called the Noble Experiment. Today, as I look

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Speaker 1: back on that opening game of my first World series,

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Speaker 1: I must tell you that it was mister Rickey's drama

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Speaker 1: and that I was only a principal actor. As I

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Speaker 1: write this twenty years later, I cannot stand and sing

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Speaker 1: the anthem. I cannot salute the flag. I know that

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Speaker 1: I am a black man in a white world in

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Speaker 1: nineteen seventy two and nineteen forty seven, at my birth

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Speaker 1: in nineteen nineteen, I know that I never had it made.

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Speaker 1: Of course, on that Department of Defense page that had

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Speaker 1: to be restored, they didn't mention this part of Jackie

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Speaker 1: Robinson's legacy, because the entire point of trying to bury

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Speaker 1: his legacy isn't to decrease division. The point is to

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Speaker 1: erase history so that people forget that you're actually repeating it.

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Speaker 1: I'm Jamel Hill, and I approved this message. Coming up

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Speaker 1: six years ago, this amazing duo created a unique financial

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Speaker 1: movement that was initially aimed at teaching young people financial literacy,

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Speaker 1: and it has since ballooned to something that has become global.

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Speaker 1: They've got a new book out called You Deserve to

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Speaker 1: Be Rich, which gives people a roadmap to creating wealth.

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Speaker 1: It doesn't matter if you have fifty thousand dollars or

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Speaker 1: fifty cents.

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Speaker 3: They have skyrocketed their.

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Speaker 1: Digital platform, created the financial version of Coachella, interviewing some

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Speaker 1: of the biggest names in business, sports, and entertainment, among others.

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Speaker 1: So if you think you deserve to be rich, by

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Speaker 1: their book, and just as importantly, listen for the next

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Speaker 1: hour to get you some incredible financial gems. Coming up

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Speaker 1: next on spolitics, Troy Millings and Rashad Blow, the founders

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Speaker 1: and creators of Earn Your Leisure.

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Speaker 3: All right, here we go.

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Speaker 1: Well, I am so pleased for this very special episode

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Speaker 1: of Spolitics, which is also being broadcast live on YouTube

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Speaker 1: right now. I'm very happy because the gentlemen that I

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Speaker 1: have with me, I've been on their platform numerous times.

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Speaker 3: I'm always the one in.

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Speaker 2: The hot seat.

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Speaker 1: But today I get to turn the tables on them,

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Speaker 1: and I get an opportunity to interview them and talk

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Speaker 1: about their new book, their platform and just it's really

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Speaker 1: a movement, That's how I would describe it. But I'm

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Speaker 1: really pleased to be joined today by Rashad Balau and

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Speaker 1: Troy Millings. Earn your leisure, how as most people know,

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Speaker 1: you earn your leisure, guys, I'm sure you hear that commonly, right, So,

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Speaker 1: Rashot and Troy, thank you so much for Gracing's politics

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Speaker 1: with your presence.

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Speaker 2: We appreciate you having us.

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Speaker 5: Like you said, you've been gracious enough to lend us

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Speaker 5: your brilliance on a few of our platforms.

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Speaker 2: So this is gonna be fun.

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Speaker 1: Yeah, this will be a lot of fun. We're gonna

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Speaker 1: do a deep dive into your book. I'm gonna hold

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Speaker 1: it up here real quick. For those watching on YouTube.

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Speaker 1: It's called you deserve to be rich. I highly suggest

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Speaker 1: not just saying this I highly suggest you guys get

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Speaker 1: this book. It has incredible financial advice and mostly and

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Speaker 1: we'll get into this deeper a little bit later. One

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Speaker 1: of the things I love is that you all sort

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Speaker 1: of attack it from an emotional perspective, because finances and

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Speaker 1: money are tied together, as.

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Speaker 2: You all know.

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Speaker 1: But before we get deeper into the conversation about the

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Speaker 1: book and about other things that are happening in the

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Speaker 1: world financially, I want to ask you a question that

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Speaker 1: I ask every guest that appears on politics, and that

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Speaker 1: is name and athlete or a moment that made you

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Speaker 1: love sports.

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Speaker 6: Yeah, for me, it was a Fab five. That was

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Speaker 6: a moment in time, you know, just they came out

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Speaker 6: the gate, you know, fashion and skills and everything, just

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Speaker 6: kind of combining the culture with basketball. And I was

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Speaker 6: always a basketball fan my whole life, but that was

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Speaker 6: like the first time I really liked was emotionally invested

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Speaker 6: into a team or storyline. And yeah, that was that

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Speaker 6: was crazy, you know, just to actually watch them. I

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Speaker 6: remember they lost to Duke. That was crazy. I think

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Speaker 6: I started crying they That's how emotionally invested I was

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Speaker 6: in the And like I said, just had the Michigan

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Speaker 6: warm up jersey, like a lot. We was wearing a

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Speaker 6: lot of Michigan apparel back then, Like they was definitely

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Speaker 6: like very influential, I think on not just me, but

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Speaker 6: the whole entire culture for sure.

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Speaker 3: So you had the black socks, did you do go

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Speaker 3: ball ahead? Did you do.

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Speaker 6: Well? I had a ball head for a minute, like

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Speaker 6: for a minute when I was a kid, and then

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Speaker 6: I had I didn't really wear black socks too much,

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Speaker 6: but I had like Michigan like I had the warm

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Speaker 6: up jersey, had the Michigan warm up jersey. I think

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Speaker 6: I might have had a starter coat. So I had

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Speaker 6: a few different T shirt. I know I had a

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Speaker 6: T shirt. I had a few different like Michigan Wolverine apparel.

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Speaker 3: I hear what about you, Troy?

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Speaker 5: I think I got like a one A one B.

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Speaker 5: And it's probably my first memory of sport with his

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Speaker 5: nineteen eighty five with the Chicago Bears and the Super

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Speaker 5: Bowl shuffle.

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Speaker 2: I remember. I just remember my.

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Speaker 5: Dad having a Super Bowl party and like the eat

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Speaker 5: up to that game was was just like incredible. So

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Speaker 5: I remember like Walter Payton rapping and I'm just like, oh,

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Speaker 5: this is cool. And one B would probably be eighty

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Speaker 5: seven when my team, the Washington Redskins or Commanders as

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Speaker 5: I know now, won Super Bowl with with Doug Williams

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Speaker 5: at quarterback, and I was like, that's it. Once I

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Speaker 5: saw that, I was like, that's my team forever, and

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Speaker 5: it still has been my team.

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Speaker 2: I had the mug.

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Speaker 5: You know, if you bought the paper that day, you

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Speaker 5: could buy a mug for nine ninety nine. So my

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Speaker 5: dad got me the mug and the cup, and uh

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Speaker 5: so those two things. I fell in love with sports

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Speaker 5: and the history sports. I just became obsessed with all

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Speaker 5: sports after that.

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Speaker 1: Well, congratulations to you because the Commanders, they obviously had

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Speaker 1: an incredible season and you stuck with them despite some

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Speaker 1: lean years.

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Speaker 3: That have been some bad ownership. Like you, you have

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Speaker 3: gone through a lot so.

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Speaker 5: Served this moment, right, you know, all those days that came,

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Speaker 5: all those years, so this year was a good one

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Speaker 5: in the future right as well.

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Speaker 1: Okay, Well, as I mentioned at the at the top

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Speaker 1: of this recording, is that I wanted to dive really

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Speaker 1: deep into your book because it covers a lot about,

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Speaker 1: you know, just how people can financially kind of get

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Speaker 1: themselves together, and it's for all situations. So you know,

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Speaker 1: a lot of people I know are intimidated when it

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Speaker 1: comes to money and finances.

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Speaker 3: And that sort of thing.

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Speaker 1: But let's just start with the motivation behind it and

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Speaker 1: ra shout, I'll start with you. Is you guys have

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Speaker 1: talked for years about finances and really have grown your platform.

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Speaker 1: What made this now the ideal time to create or

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Speaker 1: to have a book?

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Speaker 3: You deserve to be rich?

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Speaker 6: You know, we've been in existence for about six years now,

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Speaker 6: so I feel like this was a good time to

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Speaker 6: kind of have that legacy moment that could you know,

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Speaker 6: stand and test the time you write a book. You know,

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Speaker 6: that's every person's idea of when they're writing a book,

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Speaker 6: is that to have it, you know, twenty thirty years

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Speaker 6: from now, how we think of like Stale Carnegie and

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Speaker 6: stuff like that. So being that we've we've been putting

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Speaker 6: our content pretty much every day for the last six years,

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Speaker 6: we had a wealth of information already online, but we

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Speaker 6: wanted to just have it more streamline as far as

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Speaker 6: like a real easy go to from beginner to end.

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Speaker 6: Then we get that question a lot as far as

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Speaker 6: like where do I start, So we wanted to just

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Speaker 6: kind of put everything together have a roadmap as far

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Speaker 6: as financial freedom and really kind of explain our thesis

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Speaker 6: on finance. And that was with the book came out

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Speaker 6: to be. So yeah, you know, it just felt like

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Speaker 6: it was time. We've been working on it for a while,

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Speaker 6: a couple of years now, so you know, it was

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Speaker 6: a blessing that we were able to put out a

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Speaker 6: couple of months ago. And it's been greatly received so far,

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Speaker 6: so great greatly appreciated.

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Speaker 1: I think so much, and I was really happy you

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Speaker 1: all kind of shared this in the book.

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Speaker 3: Is so much how a lot of us deal with money.

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Speaker 1: Now is shaped by how we grew up, you know,

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Speaker 1: some of the early financial trauma a lot of us

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Speaker 1: and our families experience. And Troy, you were very candid

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Speaker 1: in the book about a sort of traumatic moment that

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Speaker 1: occurred for you and your family early on and how

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Speaker 1: that shaped your financial perspective, and that was your parents

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Speaker 1: losing your.

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Speaker 3: Home, so losing their home.

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Speaker 1: Excuse me, So from that standpoint of them losing their home,

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Speaker 1: what did that teach you about money and finances as

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Speaker 1: you went forward?

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Speaker 2: Yeah, I mean it told me a lot.

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Speaker 5: I mean the first thing was like something could be

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Speaker 5: here that ain't going tomorrow. So when you said we

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Speaker 5: lost our harm, it was that right. It just felt like,

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Speaker 5: you know, we were a family, you know that had

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Speaker 5: left the South Bronx and made it to a fluent

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Speaker 5: neighborhood or in Westchester County. It was like, you know,

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Speaker 5: this is it. We've made it in life. So to

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Speaker 5: have a stripped it was kind of one of these

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Speaker 5: puzzling things, was like you're just moving. And so it

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Speaker 5: taught me about what it is to be financially disciplined,

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Speaker 5: what it means to understand financial terms, right, Like the

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Speaker 5: biggest mistake that they made at the time and we

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Speaker 5: didn't unpack that till years later, was understanding what a

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Speaker 5: fixed rate mortgage is versus what an adjustable rate mortgages.

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Speaker 5: These aren't, you know, conversations that would happen at the

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Speaker 5: dinner table. But had we had that conversation, who knows

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Speaker 5: where my outcome would have been. And then from that

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Speaker 5: point you start to unpack other things, Well, why didn't

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Speaker 5: we have the money, where did the money go?

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Speaker 2: What's gambling an issue?

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Speaker 5: Why did my mom always have to handle the money,

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Speaker 5: And then you learn that, hey, my dad wasn't as

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Speaker 5: responsible as he could have been.

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Speaker 2: And so now you tell yourself, well, I don't want

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Speaker 2: to be that.

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Speaker 5: And when it comes to me in any type of

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Speaker 5: relationship that happen in the future, I got to be

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Speaker 5: the financially discipline and hopefully my partner is financially disciplined

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Speaker 5: as well, so we can see a better outcome for

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Speaker 5: our families.

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Speaker 2: So you learn these lessons as you go.

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Speaker 5: And even in adulthood, you know, I almost didn't almost

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Speaker 5: feel comfortable until I got to a point where was like,

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Speaker 5: what really happened here? And it goes back to the

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Speaker 5: trauma that they faced. Right, they didn't know financial education.

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Speaker 5: It wasn't something that they were pretty to know. We

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Speaker 5: had the grace of having an uncle who actually bought

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Speaker 5: a home and so he kind of taught.

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Speaker 2: Them everything they know. In fact, they loaned him money.

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Speaker 5: He loaned their money, which you know he wanted it back,

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Speaker 5: and that led to another issue.

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Speaker 2: So anytime I came into money, those lessons.

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Speaker 5: Always reverberated with me. I got to be disciplined. Can

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Speaker 5: I afford this was always a thing. Well I have enough?

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Speaker 5: What are my reserves going to be if I do

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Speaker 5: this or make this decision? So those things were shaped

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Speaker 5: from a decision that my parents made when I was

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Speaker 5: nine years old.

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Speaker 2: But it's stuff with.

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Speaker 1: Me and for those out there on the live stream,

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Speaker 1: I want you all to know that since we have

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Speaker 1: these two financial experts here, feel free to drop a

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Speaker 1: question in the chat if you have some things that you.

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Speaker 3: Want to know. No, they're not going to sit here

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Speaker 3: and explain the whole book to you. You got to

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Speaker 3: go out and buy it, all right.

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Speaker 1: So, but I'm sure that I'm sure that happens to

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Speaker 1: you frequently, like when you guys are out and about,

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Speaker 1: like I'm sure people are always running up to you

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Speaker 1: be like hey man, like can you all share like

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Speaker 1: what that's like when people are like, hey, uh, you know,

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Speaker 1: I just invested in this in the video, Like can

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Speaker 1: y'all help me out?

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Speaker 2: That's exactly what it sounds like.

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Speaker 5: It's funny like when you when you were up, like

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Speaker 5: why did you write the book? It was probably because

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Speaker 5: of that, right, Like when we get stopped, it's hey man,

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Speaker 5: I appreciate everything you're doing.

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Speaker 2: Kind just show you something really quick? Can you look

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Speaker 2: at my brokerage real quick?

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Speaker 5: And it's like okay, which is great, Like that wasn't

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Speaker 5: a conversation five six years ago. Right, people would just

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Speaker 5: ordinarily show you how much they made their broken account,

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Speaker 5: which I think is incredible. The fact that they have

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Speaker 5: a broke account is great. The fact that they made

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Speaker 5: money inside of it is even better. But like the

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Speaker 5: book becomes like, hey, this is the blooper, how did

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Speaker 5: you get to this point? For the person who hasn't

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Speaker 5: it becomes a blueprint for it. So that's that's the

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Speaker 5: we appreciate that.

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Speaker 1: Yeah, well, one of it's interesting that you you know,

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Speaker 1: you kind of brought up, you know, people's brokerages account

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Speaker 1: because I saw an interesting statistic and I would love

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Speaker 1: to get you all's perspective on this that in states

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Speaker 1: where sports gambling is more people gambled on sports then

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Speaker 1: put money in the stock market.

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Speaker 3: I'm sure you guys have seen this probably statistic before.

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Speaker 1: What does that say about America and or I should

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Speaker 1: say Americans and sort of how they're processing their financial

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Speaker 1: well being that more people are willing to put money

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Speaker 1: on a team than they are willing to invest in

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Speaker 1: their future.

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Speaker 6: Yeah, I mean, I think it says a lot of

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Speaker 6: other times that we ain't gambling. It's always been a

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Speaker 6: big deal, but huge now so much money has important

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Speaker 6: to advertising, and sports betting specifically has just skyrocket over

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Speaker 6: the last five years. So people, you know, want to

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Speaker 6: change their situation quickly, and that's always been the lure

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Speaker 6: of gambling is that you can make money quick. So

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Speaker 6: you know, whether it's poker, whether it's blackjack, whether it's craps,

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Speaker 6: or whether it's you know, sports parl ads, right, it's

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Speaker 6: like it's one day turn around if you win. But

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Speaker 6: you know the problem with that is that obviously more

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Speaker 6: people lose and they win. So just reframing the way

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Speaker 6: that people think, I think it's important as far as

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Speaker 6: you know, that's not really a recipe or to build wealth,

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Speaker 6: as investing is. But investing is going to be a

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Speaker 6: longer halfway. It's not going to be you're going to

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Speaker 6: hit it and you know, double your money tomorrow. So

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Speaker 6: I think that, you know, it's just a matter of

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Speaker 6: really having more awareness, the same awareness that is given

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Speaker 6: to sports betting. You got to get that to invest in.

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Speaker 6: But ultimately, I think we live in a society where

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Speaker 6: instant gratification is what is desired, and that's a reflection

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Speaker 6: on sports play.

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Speaker 1: John O'Brien I had him as a guest on his politics,

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Speaker 1: and he said something that kind of stayed with me.

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Speaker 1: He said that he thought financial literacy was the civil

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Speaker 1: rights movement of this generation. And and you know, again,

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Speaker 1: you all have been you've created this platform. Is you're

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Speaker 1: now six years or so, and people are still very

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Speaker 1: intimidated when it comes to investing and planning for the future.

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Speaker 3: From where you all sit and from the.

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Speaker 1: Experiences that people have shared, and Troy, I start with you,

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Speaker 1: but I want you both to answer, what why are

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Speaker 1: people so sort of intimidated about stocks and about investing

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Speaker 1: in the future and what financial planning really looks like?

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Speaker 2: Yeah, I think it's the fairly unknown.

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Speaker 5: It's not something that we've been educated on and something

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Speaker 5: that we haven't had conversation on. If you look at

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Speaker 5: your K through twelve experience, for most of us, you

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Speaker 5: never had an economics class, right, But people have to

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Speaker 5: make money and pay taxes and eventually get a job

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Speaker 5: at some point or create their own job.

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Speaker 2: But you never taught that.

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Speaker 5: And so the more common that we the more these

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Speaker 5: conversations become common, the better and more equipt will be.

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Speaker 2: And we're seeing that change.

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Speaker 5: It just hasn't happened at the exasperated rate that we've

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Speaker 5: seen other things, but it is happening. And the reason

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Speaker 5: why he said that is because we couldn't agree. More

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Speaker 5: like the last part of the Civil rights movement was

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Speaker 5: economic empowerment. Right when the leaders of the Civil rights

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Speaker 5: movement we're no longer here.

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Speaker 2: What happened to that vision?

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Speaker 5: And so we understand that power comes with finance, and

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Speaker 5: in order for us to get finance, we have to

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Speaker 5: democratize the vocabulary. We have to democratize the vernacular that

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Speaker 5: comes with it, and so we have a flair that

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Speaker 5: comes with it. Right, we understand that entertainment is a

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Speaker 5: part of it. We started teaching using music as a

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Speaker 5: caveat to get people into the understanding of business. And

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Speaker 5: so whether it was taking a Beyonce lyric about equity,

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Speaker 5: or was taking the Travis Scott lyric or Drake or

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Speaker 5: j lyric, we were going to tie that in and

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Speaker 5: teaching you students about business, entrepreneurship, investing, and they were

442
00:21:50,000 --> 00:21:52,240
Speaker 5: going to use the music as the artist as the

443
00:21:52,280 --> 00:21:54,000
Speaker 5: person that taught it to him. And so that became

444
00:21:54,080 --> 00:21:57,760
Speaker 5: something that was very fresh and that spread to the

445
00:21:57,760 --> 00:22:01,240
Speaker 5: masses of us teaching about education. You entertainment as I

446
00:22:01,280 --> 00:22:02,960
Speaker 5: guess the candy inside the medicine.

447
00:22:03,320 --> 00:22:05,520
Speaker 2: And it's worked. And to the point now where you

448
00:22:05,600 --> 00:22:06,280
Speaker 2: realize that the.

449
00:22:06,240 --> 00:22:09,480
Speaker 5: Topics that have been talked about and discussed on any

450
00:22:09,520 --> 00:22:12,080
Speaker 5: publication when it came to finance, you know, it was

451
00:22:12,119 --> 00:22:13,760
Speaker 5: spoken in the foreign language so that we would never

452
00:22:13,840 --> 00:22:16,760
Speaker 5: understand it until you have a few guys and a

453
00:22:16,840 --> 00:22:19,359
Speaker 5: movement now that has been able to decode that and

454
00:22:19,760 --> 00:22:22,160
Speaker 5: become neo in the matrix iner sense. For this financial

455
00:22:22,160 --> 00:22:24,240
Speaker 5: literacy thing, I think the most important thing now is

456
00:22:24,320 --> 00:22:26,879
Speaker 5: desperate literate, but now we need to become fluent so

457
00:22:26,960 --> 00:22:30,320
Speaker 5: everybody can take part in the conversation and uplift themselves

458
00:22:30,359 --> 00:22:31,000
Speaker 5: in their community.

459
00:22:33,359 --> 00:22:38,040
Speaker 1: What Richard, what do you say are the common financial

460
00:22:38,080 --> 00:22:42,720
Speaker 1: mistakes that people kind of make, especially when they kind

461
00:22:42,760 --> 00:22:45,280
Speaker 1: of first start figuring out whether or not they want

462
00:22:45,320 --> 00:22:48,240
Speaker 1: to invest, you.

463
00:22:48,200 --> 00:22:53,439
Speaker 6: Know, just not investing first and foremost thinking that you know,

464
00:22:53,800 --> 00:22:56,119
Speaker 6: you have to have a million dollars to actually start,

465
00:22:56,840 --> 00:23:00,600
Speaker 6: and delaying it and saying putting it off. Fascination is

466
00:23:00,600 --> 00:23:06,320
Speaker 6: a big thing, and then you know fomo investing at

467
00:23:06,359 --> 00:23:09,480
Speaker 6: the top. But you know, waiting to big coin gets

468
00:23:09,480 --> 00:23:11,560
Speaker 6: one hundred and ten thousand dollars and putting all your

469
00:23:11,560 --> 00:23:13,639
Speaker 6: money in and then it drops and then getting nervous

470
00:23:13,640 --> 00:23:15,560
Speaker 6: and then taking your money out. That happens a lot

471
00:23:16,080 --> 00:23:19,919
Speaker 6: with you know, whether it's bitcoin and video, whatever you

472
00:23:20,000 --> 00:23:20,359
Speaker 6: name it.

473
00:23:20,560 --> 00:23:21,640
Speaker 2: Like, you know, people.

474
00:23:23,040 --> 00:23:26,520
Speaker 6: Ride the wave of public attention and you know, once

475
00:23:26,600 --> 00:23:28,959
Speaker 6: something becomes like a household name, and that's when they

476
00:23:29,000 --> 00:23:31,879
Speaker 6: want to you know, invest in it, and then like

477
00:23:31,920 --> 00:23:33,840
Speaker 6: I said, they get nervous, take the money out, and

478
00:23:33,880 --> 00:23:39,000
Speaker 6: then that's a recipe for disaster that cycle. Another mistake

479
00:23:39,080 --> 00:23:41,959
Speaker 6: that people make is not fully understanding what they're invested in.

480
00:23:42,480 --> 00:23:44,600
Speaker 6: So you know, every investment is not a good investment.

481
00:23:44,680 --> 00:23:47,480
Speaker 6: So you know, just investing in something because you saw

482
00:23:47,480 --> 00:23:49,520
Speaker 6: it on social media or you just your friend told

483
00:23:49,560 --> 00:23:53,400
Speaker 6: you about it, and you just think that that's that's

484
00:23:53,440 --> 00:23:55,479
Speaker 6: the reason why you should put money into it.

485
00:23:55,520 --> 00:23:56,960
Speaker 2: That's not the best way to go about it either.

486
00:23:57,000 --> 00:24:01,040
Speaker 6: So you should always be aware of knowledgeable research before

487
00:24:01,080 --> 00:24:04,520
Speaker 6: you put money into something. So, no, those are a

488
00:24:04,600 --> 00:24:06,680
Speaker 6: few mistakes I think that people make when it comes

489
00:24:06,720 --> 00:24:07,240
Speaker 6: to investment.

490
00:24:08,880 --> 00:24:12,160
Speaker 1: We're living in a bit of a turbulent time right

491
00:24:12,200 --> 00:24:15,800
Speaker 1: now in this country. You know, we have tariffs that

492
00:24:15,840 --> 00:24:18,640
Speaker 1: are kicking in or being pulled back. Not really sure

493
00:24:18,640 --> 00:24:21,960
Speaker 1: which story of that to believe. When it comes to

494
00:24:21,960 --> 00:24:27,840
Speaker 1: Canada and Mexico, consumer confidence is dropping rapidly. We've seen

495
00:24:27,920 --> 00:24:30,240
Speaker 1: that all the games that have been made in the

496
00:24:30,280 --> 00:24:32,560
Speaker 1: stock market, I believe since the election had now been

497
00:24:32,560 --> 00:24:36,800
Speaker 1: erased because of the way that the stock market has fallen.

498
00:24:38,800 --> 00:24:41,520
Speaker 1: How would you say that we should be managing our

499
00:24:41,560 --> 00:24:46,040
Speaker 1: money right now as we try to weather these ups

500
00:24:46,080 --> 00:24:50,040
Speaker 1: and downs of this particular presidency.

501
00:24:52,040 --> 00:24:54,840
Speaker 5: It's something earlier that we learned is always take advantage

502
00:24:54,840 --> 00:24:57,480
Speaker 5: of the crisis, right in the sense that when we

503
00:24:57,480 --> 00:25:00,159
Speaker 5: see pullbacks in the market, that's not an opportunity for

504
00:25:00,280 --> 00:25:02,879
Speaker 5: us to say, hey, we shouldn't participate. Is actually the

505
00:25:02,920 --> 00:25:05,159
Speaker 5: time where we should be looking like there is opportunity

506
00:25:05,160 --> 00:25:07,440
Speaker 5: because the things that used to run at it all.

507
00:25:07,320 --> 00:25:09,920
Speaker 2: The time I have pulled back on to a correction level,

508
00:25:09,920 --> 00:25:11,639
Speaker 2: which is a twenty percent falling.

509
00:25:11,880 --> 00:25:14,399
Speaker 5: But even if you look at it from a historical perspective,

510
00:25:14,520 --> 00:25:18,640
Speaker 5: right in the month of February, right the SMP has

511
00:25:18,680 --> 00:25:21,560
Speaker 5: pulled back historically eighty percent of the time. And so

512
00:25:21,600 --> 00:25:24,080
Speaker 5: we just came out of February March you start to

513
00:25:24,080 --> 00:25:26,080
Speaker 5: see an uptick in aprils. One of the best months

514
00:25:26,119 --> 00:25:29,520
Speaker 5: to invest in when you take that historical perspective and

515
00:25:29,560 --> 00:25:32,360
Speaker 5: then you look at the presidencies and how the market performs.

516
00:25:32,359 --> 00:25:37,000
Speaker 5: In the first year of a candidate taking office, there

517
00:25:37,080 --> 00:25:39,040
Speaker 5: is a little bit of uncertainty because it's a new

518
00:25:39,040 --> 00:25:42,040
Speaker 5: administration and there's going to be new legislation. And I

519
00:25:42,040 --> 00:25:43,880
Speaker 5: mean we're falling right into that, right when you're talking

520
00:25:43,880 --> 00:25:46,240
Speaker 5: about tariffs. One day, we're going to pull them for

521
00:25:46,280 --> 00:25:48,280
Speaker 5: thirty days and we'll see what happens after that. And

522
00:25:48,280 --> 00:25:50,840
Speaker 5: then there's a new country and we're renaming things and

523
00:25:51,000 --> 00:25:53,000
Speaker 5: we're putting an extra tariffs, and people don't do things

524
00:25:53,040 --> 00:25:56,360
Speaker 5: by April second. All this type of uncertainty leads companies

525
00:25:56,480 --> 00:25:57,879
Speaker 5: not to figure out what they're going to do on

526
00:25:57,920 --> 00:26:00,840
Speaker 5: a daily basis, and so you know they always use

527
00:26:00,880 --> 00:26:03,760
Speaker 5: that adage when you see something on sale in the store,

528
00:26:03,960 --> 00:26:05,800
Speaker 5: you run to buy it, right, But when we see

529
00:26:05,960 --> 00:26:08,320
Speaker 5: companies on sale, we get a fair for and run

530
00:26:08,359 --> 00:26:09,120
Speaker 5: away from them.

531
00:26:09,480 --> 00:26:10,720
Speaker 2: I think it's an opportunity, right.

532
00:26:10,760 --> 00:26:12,720
Speaker 5: If there's there's strong companies that you believe in, have

533
00:26:12,760 --> 00:26:16,719
Speaker 5: strong fundamentals, they have a brand, dominance, or a competitive mode,

534
00:26:16,880 --> 00:26:18,800
Speaker 5: you should be looking at a time like Okay, well,

535
00:26:18,880 --> 00:26:21,040
Speaker 5: this company is now put to a point that it

536
00:26:21,080 --> 00:26:23,360
Speaker 5: makes it attractive for me to invest for the long

537
00:26:23,440 --> 00:26:26,600
Speaker 5: term because we know historically that the market is going

538
00:26:26,640 --> 00:26:28,359
Speaker 5: to rebound. Right a two percent of the time that

539
00:26:28,560 --> 00:26:31,040
Speaker 5: SMP has been positive for the year, and so with

540
00:26:31,119 --> 00:26:32,520
Speaker 5: those type of numbers, you got to use that to

541
00:26:32,560 --> 00:26:33,280
Speaker 5: your advantage.

542
00:26:34,160 --> 00:26:35,960
Speaker 3: What are your thoughts on that or shot?

543
00:26:37,640 --> 00:26:40,359
Speaker 6: You know, it's it's a lot of uncertainty that women

544
00:26:40,520 --> 00:26:46,480
Speaker 6: right now, obviously, from the tariffs to Ukraine. It's a

545
00:26:46,560 --> 00:26:51,680
Speaker 6: variety of different things that's happening globally and markets usually

546
00:26:51,800 --> 00:26:54,240
Speaker 6: like you know, some stability, so there's going to be

547
00:26:54,359 --> 00:26:57,280
Speaker 6: a choppy road. I mean, you've got immigration that's that's

548
00:26:57,359 --> 00:27:04,480
Speaker 6: causing problems already, and there's no clear sign of what

549
00:27:04,600 --> 00:27:07,119
Speaker 6: will happen in the future because it's one day is

550
00:27:07,160 --> 00:27:09,400
Speaker 6: one thing, one day is another thing. So it's kind

551
00:27:09,400 --> 00:27:12,320
Speaker 6: of hard to plan when you don't know what to

552
00:27:12,400 --> 00:27:15,600
Speaker 6: expect for. So yeah, I mean long term, stock market

553
00:27:15,600 --> 00:27:18,240
Speaker 6: always goes up long term, and the housing market always

554
00:27:18,280 --> 00:27:21,000
Speaker 6: goes up long term, So I think it's important to

555
00:27:21,080 --> 00:27:24,040
Speaker 6: kind of be aware of what's going on politically for sure,

556
00:27:24,119 --> 00:27:29,000
Speaker 6: but also just you know, as a sports analogy, just

557
00:27:29,000 --> 00:27:31,399
Speaker 6: stick to the game plan, right like you can't. A

558
00:27:31,440 --> 00:27:34,520
Speaker 6: lot of variables out of your control, but stick to

559
00:27:34,560 --> 00:27:38,480
Speaker 6: the game plan. Investing in good companies. You know dollar

560
00:27:38,480 --> 00:27:40,680
Speaker 6: cost average, which is put money in every single month,

561
00:27:40,720 --> 00:27:42,320
Speaker 6: you know, continue to put money to that S one

562
00:27:42,400 --> 00:27:44,520
Speaker 6: hundred over the course of the time. That'll that'll be

563
00:27:44,560 --> 00:27:46,920
Speaker 6: helpful for you, That'll be beneficial. I don't think it's

564
00:27:46,920 --> 00:27:49,439
Speaker 6: the time to just start panicking, even though you know

565
00:27:49,680 --> 00:27:52,840
Speaker 6: it's it's a lot of uncertainty, but you still want

566
00:27:52,840 --> 00:27:57,520
Speaker 6: to maintain, you know, the game plan that you originally had.

567
00:27:58,000 --> 00:27:59,879
Speaker 6: And I think over the over the loan, hould you

568
00:28:00,040 --> 00:28:00,440
Speaker 6: be okay?

569
00:28:02,280 --> 00:28:04,680
Speaker 1: As you know, one of the things, as I mentioned,

570
00:28:04,720 --> 00:28:07,040
Speaker 1: and as I you know, let me reiterate again to

571
00:28:07,080 --> 00:28:08,639
Speaker 1: people in the in the chat, is that if you

572
00:28:08,760 --> 00:28:12,040
Speaker 1: have a question for Rashot or Troy, make sure you're

573
00:28:12,080 --> 00:28:13,399
Speaker 1: dropping in the chat and I'll read it.

574
00:28:14,280 --> 00:28:16,320
Speaker 3: And no eggar roach. The third you cannot get a

575
00:28:16,320 --> 00:28:17,280
Speaker 3: free copy.

576
00:28:16,960 --> 00:28:19,200
Speaker 1: Of You Deserve to be Rich? Okay, So let me

577
00:28:19,320 --> 00:28:21,040
Speaker 1: just answer that one. I'm not gonna even put it

578
00:28:21,080 --> 00:28:21,520
Speaker 1: on the screen.

579
00:28:22,800 --> 00:28:25,920
Speaker 3: No free copies of you Deserve to be Rich? Okay?

580
00:28:26,280 --> 00:28:29,399
Speaker 1: All right, but any of you all if you have

581
00:28:29,480 --> 00:28:32,440
Speaker 1: a question or you know that you'd like to pose.

582
00:28:32,520 --> 00:28:34,919
Speaker 3: Now would be a great time, you know to do it.

583
00:28:35,440 --> 00:28:38,120
Speaker 1: One of the things you really, you guys both address

584
00:28:38,920 --> 00:28:43,200
Speaker 1: in your book is about developing healthier relationships with money.

585
00:28:44,320 --> 00:28:47,640
Speaker 1: What you know, what are some of the ways in

586
00:28:47,680 --> 00:28:51,080
Speaker 1: which if we do come from, you know, some sort

587
00:28:51,120 --> 00:28:53,640
Speaker 1: of financial trauma that we grew up, grew up with,

588
00:28:53,800 --> 00:28:57,520
Speaker 1: be it parents didn't have enough, didn't really weren't really

589
00:28:57,600 --> 00:29:01,280
Speaker 1: financially educated. What are some ways in which people can

590
00:29:01,320 --> 00:29:05,480
Speaker 1: develop a healthier relationship with their finances.

591
00:29:08,800 --> 00:29:13,760
Speaker 6: I think, you know, living below your means is extremely important, right,

592
00:29:14,360 --> 00:29:18,120
Speaker 6: Understanding finances is important as well, so really, you know,

593
00:29:19,640 --> 00:29:22,160
Speaker 6: educating yourself on how credit actually works. People use credit

594
00:29:22,160 --> 00:29:25,040
Speaker 6: cover understand how credit actually work, like what actually makes

595
00:29:25,080 --> 00:29:30,360
Speaker 6: up a credit score. So understanding aspects of finance is important.

596
00:29:30,360 --> 00:29:34,840
Speaker 6: So understanding credit, understanding crypto, understanding stocks, on understanding real estate.

597
00:29:35,280 --> 00:29:37,760
Speaker 6: I think that that helps because the more you understand it,

598
00:29:38,320 --> 00:29:41,280
Speaker 6: then the less likely you are to make fools decisions

599
00:29:41,320 --> 00:29:44,880
Speaker 6: when it comes to you know, your credit or home

600
00:29:44,880 --> 00:29:47,080
Speaker 6: buying processes and stuff like that. So there's a bunch

601
00:29:47,120 --> 00:29:51,440
Speaker 6: of different resources. Of course, our platform, but other platforms

602
00:29:51,440 --> 00:29:54,600
Speaker 6: as well, you know SNBCE just read books, but understanding

603
00:29:54,600 --> 00:29:56,640
Speaker 6: it is extremely important. I think you know, that's really

604
00:29:56,640 --> 00:29:59,800
Speaker 6: the key is to understand finance, live below your means,

605
00:29:59,800 --> 00:30:02,760
Speaker 6: and as much as you can early and often.

606
00:30:02,880 --> 00:30:05,280
Speaker 2: You know, that's that's really like the blueprint as far.

607
00:30:05,160 --> 00:30:08,240
Speaker 6: As you have to increase your income over the course

608
00:30:08,280 --> 00:30:12,960
Speaker 6: of time, so that's done through either entrepreneurship, start side businesses,

609
00:30:13,240 --> 00:30:17,400
Speaker 6: or increasing your value so you can get more higher

610
00:30:17,440 --> 00:30:22,320
Speaker 6: wages in the workforce. Then living below your means, and

611
00:30:22,360 --> 00:30:24,800
Speaker 6: then taking the discretion of income, which is the difference

612
00:30:24,800 --> 00:30:27,080
Speaker 6: between how much money you spend and how much money

613
00:30:27,080 --> 00:30:29,880
Speaker 6: you make and invest that and then over the course

614
00:30:29,920 --> 00:30:33,880
Speaker 6: of time, that is how you build wealth. Right, that

615
00:30:34,000 --> 00:30:36,920
Speaker 6: difference that you invest is the money that you have

616
00:30:37,000 --> 00:30:39,320
Speaker 6: later on as a nest egg. So that's kind of

617
00:30:39,360 --> 00:30:44,920
Speaker 6: like the the easy, understandable, you know, blueprint for financial freedom,

618
00:30:45,760 --> 00:30:47,640
Speaker 6: and if you stick to that, you'll be okay. The

619
00:30:47,760 --> 00:30:50,920
Speaker 6: problem is, you know, it's a lot of obstacles that

620
00:30:51,000 --> 00:30:53,880
Speaker 6: come in away when it comes to that. But if

621
00:30:53,880 --> 00:30:56,480
Speaker 6: you just stick to that game plan, then that's that's

622
00:30:56,520 --> 00:30:57,760
Speaker 6: the pathway to success.

623
00:30:58,320 --> 00:31:00,400
Speaker 1: All right, We're going to take a quick break and

624
00:31:00,440 --> 00:31:13,920
Speaker 1: we have more to come ons politics real quick before

625
00:31:13,960 --> 00:31:16,640
Speaker 1: I h it didn't mean to cut you off, Troy,

626
00:31:16,680 --> 00:31:17,880
Speaker 1: but before I get your answer.

627
00:31:18,160 --> 00:31:19,320
Speaker 3: It's funny because as I was.

628
00:31:19,280 --> 00:31:21,960
Speaker 1: Reading your book, I realized I had not checked my

629
00:31:21,960 --> 00:31:25,040
Speaker 1: credit score years like I actually hadn't, and so I

630
00:31:25,120 --> 00:31:28,240
Speaker 1: was like, let me just go see what this credit

631
00:31:28,400 --> 00:31:28,880
Speaker 1: score is.

632
00:31:29,160 --> 00:31:30,840
Speaker 3: Like I wouldn't worry, let me let me just put

633
00:31:30,840 --> 00:31:31,400
Speaker 3: that out out.

634
00:31:32,360 --> 00:31:34,880
Speaker 1: Yeah, you know, I wasn't concerned that it was gonna

635
00:31:34,880 --> 00:31:37,640
Speaker 1: be low or anything like that. But it actually wound

636
00:31:37,720 --> 00:31:43,000
Speaker 1: up being a banner moment for me because you know, I,

637
00:31:43,120 --> 00:31:45,840
Speaker 1: especially in my twenties, I made I made some financial mistakes,

638
00:31:46,320 --> 00:31:49,360
Speaker 1: made some of my thirties two and then.

639
00:31:49,480 --> 00:31:51,520
Speaker 3: Sort of rewrited the ship.

640
00:31:51,680 --> 00:31:55,320
Speaker 1: And I was so proud of myself because for the

641
00:31:55,360 --> 00:31:56,920
Speaker 1: first time in my life, I had eight.

642
00:31:56,880 --> 00:31:58,920
Speaker 3: Hundred credit and I didn't even know it. I had

643
00:31:58,960 --> 00:32:01,960
Speaker 3: no idea. I know, I was like, yes, I was like,

644
00:32:02,120 --> 00:32:02,800
Speaker 3: we did it.

645
00:32:03,600 --> 00:32:04,280
Speaker 2: We didn't know.

646
00:32:06,640 --> 00:32:08,640
Speaker 3: I was very excited about this.

647
00:32:08,720 --> 00:32:10,840
Speaker 1: So I thank you all because you all gave me

648
00:32:11,280 --> 00:32:12,880
Speaker 1: a moment by reading your book. I was like, I

649
00:32:12,880 --> 00:32:16,640
Speaker 1: should check my credit score, So thank you for giving me.

650
00:32:17,320 --> 00:32:18,240
Speaker 3: That that victory.

651
00:32:18,960 --> 00:32:22,240
Speaker 1: So so go ahead and I.

652
00:32:22,200 --> 00:32:24,280
Speaker 5: First want to congratulate you on the eight hundred club

653
00:32:24,320 --> 00:32:27,000
Speaker 5: that that is not something that is you know, common.

654
00:32:26,960 --> 00:32:29,000
Speaker 3: Maybe y'all I knew, maybe y'all probably ain't new to

655
00:32:29,040 --> 00:32:29,560
Speaker 3: that club, but.

656
00:32:29,560 --> 00:32:37,520
Speaker 5: Like this is a locally ceremony. Yeah, I think just

657
00:32:37,560 --> 00:32:40,600
Speaker 5: to reiterate with Rashad said, I mean that that is

658
00:32:40,640 --> 00:32:43,880
Speaker 5: the game plan. I think addressing some of those traumas,

659
00:32:43,920 --> 00:32:45,080
Speaker 5: like we said at the beginning of the book, is

660
00:32:45,080 --> 00:32:48,680
Speaker 5: important to recognize the mistakes and what not to do right.

661
00:32:48,720 --> 00:32:52,440
Speaker 5: Sometimes understanding where you come from will sometimes determine how

662
00:32:52,480 --> 00:32:55,240
Speaker 5: far you get in financial space. But I think looking

663
00:32:55,280 --> 00:32:58,800
Speaker 5: at money as an asset and a tool is important too.

664
00:32:59,200 --> 00:33:01,040
Speaker 5: A lot of times, you know, we work for money

665
00:33:01,120 --> 00:33:02,520
Speaker 5: just to spend it. I think the end of the

666
00:33:02,520 --> 00:33:05,200
Speaker 5: book we even represent it is like use money as

667
00:33:05,240 --> 00:33:07,840
Speaker 5: a worker and not as a coupon to spend because

668
00:33:07,840 --> 00:33:10,000
Speaker 5: it's important, right every downar that we make should actually

669
00:33:10,040 --> 00:33:11,959
Speaker 5: go out and make more money and bring back to us.

670
00:33:12,320 --> 00:33:14,680
Speaker 5: And that's just a mindset shift that our community needs

671
00:33:14,720 --> 00:33:17,240
Speaker 5: to have. We've been over index on the consumer side.

672
00:33:17,440 --> 00:33:20,720
Speaker 5: We haven't invested at the numbers that we would like,

673
00:33:20,760 --> 00:33:23,600
Speaker 5: but we're seeing improvement. I think that's important and creating

674
00:33:23,600 --> 00:33:25,760
Speaker 5: a budget. A lot of people will say, I know

675
00:33:25,800 --> 00:33:27,400
Speaker 5: my budget, I know what it is. I can't spend

676
00:33:27,440 --> 00:33:29,640
Speaker 5: as much, but that means nothing, right, Like if there's

677
00:33:29,680 --> 00:33:32,040
Speaker 5: not a written out plan that's formulized, then you're just

678
00:33:32,080 --> 00:33:34,480
Speaker 5: doing stuff over hearsay. How much money are you bringing

679
00:33:34,480 --> 00:33:36,880
Speaker 5: in every month? How much money are you bringing in gearly?

680
00:33:36,920 --> 00:33:39,000
Speaker 5: How much money is going out? How much money is

681
00:33:39,000 --> 00:33:42,120
Speaker 5: be invested. Having that ratio will tell you like, okay,

682
00:33:42,160 --> 00:33:43,920
Speaker 5: well this is how much I need to put to invest,

683
00:33:44,200 --> 00:33:45,960
Speaker 5: Here's how much I need to have in reserves, and

684
00:33:46,000 --> 00:33:49,080
Speaker 5: here's much I may need to do for TAVE donations

685
00:33:49,080 --> 00:33:52,720
Speaker 5: as well. And so that blueprint gives you a roadmap

686
00:33:52,760 --> 00:33:55,240
Speaker 5: to follow, and as you accumulate more money then you

687
00:33:55,240 --> 00:33:56,840
Speaker 5: can shift and adjust those percentages.

688
00:33:56,880 --> 00:33:59,360
Speaker 2: But having the baseline is important, all right.

689
00:33:59,400 --> 00:34:01,200
Speaker 3: Gonna go to the audience real quick.

690
00:34:02,040 --> 00:34:06,239
Speaker 1: Tst Sports account has a question, and their question is

691
00:34:06,280 --> 00:34:09,120
Speaker 1: do you need to clear all debt.

692
00:34:09,000 --> 00:34:14,880
Speaker 3: Before you start investing money? What say you all, I don't.

693
00:34:14,760 --> 00:34:16,640
Speaker 6: Think you have to clear all your debt, but it's

694
00:34:16,680 --> 00:34:20,000
Speaker 6: definitely a priority. I think you should. You should, especially

695
00:34:20,040 --> 00:34:24,120
Speaker 6: credit card debt. So every debt is different. But like

696
00:34:24,760 --> 00:34:27,880
Speaker 6: speaking specifically to credit card debt. You should definitely have

697
00:34:28,000 --> 00:34:31,799
Speaker 6: it manageable. If the credit card debt is not manageable,

698
00:34:32,000 --> 00:34:34,439
Speaker 6: then that should be a top priority before investing. I think,

699
00:34:34,520 --> 00:34:37,000
Speaker 6: like really knocking down, it's a couple of different ways

700
00:34:37,000 --> 00:34:38,680
Speaker 6: snowball method. I think we go over that in the

701
00:34:38,680 --> 00:34:43,239
Speaker 6: book as well, But you should definitely prioritize lowering your

702
00:34:43,239 --> 00:34:45,960
Speaker 6: credit card debt for sure and at least having it

703
00:34:45,960 --> 00:34:52,560
Speaker 6: at manageable levels before investing, because if not, then you

704
00:34:52,719 --> 00:34:54,839
Speaker 6: kind of robbing Peter to paypall. You put money into

705
00:34:54,840 --> 00:34:57,560
Speaker 6: an investment, but you know, you might have twenty five

706
00:34:57,600 --> 00:34:59,640
Speaker 6: percent interest rate that you have to pay your credit

707
00:34:59,719 --> 00:35:01,320
Speaker 6: card commidents, defeating the purpose.

708
00:35:01,320 --> 00:35:03,520
Speaker 2: You're not really gaining on that situation.

709
00:35:03,640 --> 00:35:07,600
Speaker 6: So definitely always prioritize pay paying down and manage and

710
00:35:07,719 --> 00:35:09,600
Speaker 6: managing credit card debt for sure.

711
00:35:10,160 --> 00:35:13,479
Speaker 5: Yeah, I think that that that's vitally important and just

712
00:35:13,480 --> 00:35:17,000
Speaker 5: just like speaking from like personal experience, uh, lower the

713
00:35:17,000 --> 00:35:19,319
Speaker 5: credit card debt, still has student loan debt, but still

714
00:35:19,320 --> 00:35:22,120
Speaker 5: found money to invest. I think when you rop you

715
00:35:22,160 --> 00:35:25,040
Speaker 5: to pay Paul, you become undisciplined, and it's like you

716
00:35:25,080 --> 00:35:28,399
Speaker 5: start making undisciplined decisions inside of your broker's accounting, it's like, well,

717
00:35:28,440 --> 00:35:30,960
Speaker 5: I have to make this payment, and then that's when

718
00:35:30,960 --> 00:35:33,160
Speaker 5: it becomes almost in a gambling scenario. I know people

719
00:35:33,200 --> 00:35:35,560
Speaker 5: like to say, like investing in gamble are the same thing,

720
00:35:35,600 --> 00:35:39,560
Speaker 5: and they're completely different, but they have similar tendencies. And

721
00:35:39,640 --> 00:35:42,719
Speaker 5: so when you start having risky your behavior, you'll start

722
00:35:42,719 --> 00:35:44,880
Speaker 5: making risk your decisions, which is actually going to hurt you. Man,

723
00:35:45,000 --> 00:35:47,520
Speaker 5: So when you don't have that level of debt that

724
00:35:47,560 --> 00:35:50,600
Speaker 5: you're trying to pay off that is super high, you're

725
00:35:50,600 --> 00:35:52,880
Speaker 5: gonna make more sound decisions that are actually going to

726
00:35:52,920 --> 00:35:55,000
Speaker 5: help you in the long term.

727
00:35:55,360 --> 00:35:56,439
Speaker 3: Rashot this next question.

728
00:35:56,480 --> 00:35:58,360
Speaker 1: I feel like it's really tailor made for you in

729
00:35:58,480 --> 00:36:00,920
Speaker 1: light of what's something that I know that you're doing

730
00:36:01,120 --> 00:36:02,759
Speaker 1: over in Ghana.

731
00:36:03,680 --> 00:36:05,080
Speaker 3: Any thoughts this is from Orlando.

732
00:36:06,080 --> 00:36:09,319
Speaker 1: Any thoughts on ethics and finance expats, for example, lots

733
00:36:09,360 --> 00:36:12,279
Speaker 1: of people leaving America to live abroad and it's been

734
00:36:12,360 --> 00:36:13,239
Speaker 1: lucrative for them.

735
00:36:13,960 --> 00:36:16,200
Speaker 3: How ethical is it now? You right now?

736
00:36:16,239 --> 00:36:19,200
Speaker 1: Currently you can correct me on the specifics, but you

737
00:36:19,239 --> 00:36:21,200
Speaker 1: are building a compound in Ghana?

738
00:36:21,320 --> 00:36:23,440
Speaker 2: Is that what it is?

739
00:36:25,000 --> 00:36:25,239
Speaker 3: City?

740
00:36:25,320 --> 00:36:27,320
Speaker 1: Sorry not ad like, I didn't mean to make you

741
00:36:27,360 --> 00:36:28,200
Speaker 1: sound like a cult leader.

742
00:36:28,239 --> 00:36:32,480
Speaker 3: My bag. You're building a city in Kina.

743
00:36:33,040 --> 00:36:36,320
Speaker 1: I underbossed you like by a lot.

744
00:36:38,080 --> 00:36:40,280
Speaker 6: Yeah, no compound, drink the cooler.

745
00:36:43,440 --> 00:36:48,080
Speaker 1: But you are building in Ghina, building something significant, and

746
00:36:48,360 --> 00:36:50,560
Speaker 1: you know, much like this question is like, as you know,

747
00:36:50,600 --> 00:36:52,399
Speaker 1: when we take our money elsewhere, it tends to jack

748
00:36:52,480 --> 00:36:56,360
Speaker 1: up the prices for everywhere else. So one talk to

749
00:36:56,440 --> 00:36:59,120
Speaker 1: what you're specifically doing so I don't get that wrong again.

750
00:36:59,640 --> 00:37:02,480
Speaker 1: And what do you think about the idea that we

751
00:37:02,560 --> 00:37:07,680
Speaker 1: need to approach living overseas with the level of ethics.

752
00:37:09,320 --> 00:37:11,320
Speaker 2: Yeah, I think it's important to go overseas first.

753
00:37:12,160 --> 00:37:14,600
Speaker 6: A lot of people speaking and never even travel, so

754
00:37:15,040 --> 00:37:17,800
Speaker 6: it's hard to have a perspective from Instagram. Right. We

755
00:37:18,680 --> 00:37:21,799
Speaker 6: as far as African Americans haven't changed anywhere in the world, Like,

756
00:37:21,840 --> 00:37:27,439
Speaker 6: we haven't displaced any There's never been a record other

757
00:37:27,480 --> 00:37:31,239
Speaker 6: than Liberia, right, And that's a whole historical We can

758
00:37:31,280 --> 00:37:33,600
Speaker 6: go down that whole path if you're interested. But there's

759
00:37:33,640 --> 00:37:37,440
Speaker 6: never been a time in world history when black Americans

760
00:37:38,080 --> 00:37:42,000
Speaker 6: have traveled to other parts of the world and displaced

761
00:37:42,000 --> 00:37:46,759
Speaker 6: people and colonized. That's never happened in the history of

762
00:37:46,800 --> 00:37:52,400
Speaker 6: the world. So it's actually just a very it's a

763
00:37:52,400 --> 00:37:55,520
Speaker 6: conversation that doesn't even need to be had, because it's

764
00:37:55,560 --> 00:38:01,319
Speaker 6: like you're you're arguing about something that or even having

765
00:38:01,360 --> 00:38:04,240
Speaker 6: a conversation about something that's not even a relevant conversation

766
00:38:04,320 --> 00:38:09,439
Speaker 6: to have. Colonization and displacement comes from force, like real

767
00:38:09,520 --> 00:38:12,120
Speaker 6: force and real influence and real power. We don't have

768
00:38:12,239 --> 00:38:14,839
Speaker 6: enough power to control our own communities in America. How

769
00:38:14,880 --> 00:38:18,080
Speaker 6: we're gonna have enough power to go overseas? And we're

770
00:38:18,120 --> 00:38:21,320
Speaker 6: not organized enough to actually have a real thriving community

771
00:38:21,360 --> 00:38:23,399
Speaker 6: here in the United of America. You think we're gonna

772
00:38:23,400 --> 00:38:26,040
Speaker 6: be organized enough and have enough financial resources and enough

773
00:38:26,080 --> 00:38:28,680
Speaker 6: wherewithal to go through a different continent, a different country

774
00:38:28,680 --> 00:38:33,880
Speaker 6: and displace people. That's so ridiculous that it's almost laughable.

775
00:38:34,280 --> 00:38:38,560
Speaker 6: But social media can spend any narrative and just make

776
00:38:38,600 --> 00:38:43,759
Speaker 6: people believe anything. So there's plenty of opportunity all over

777
00:38:43,800 --> 00:38:47,600
Speaker 6: the world. When you go different places, nine times out

778
00:38:47,640 --> 00:38:50,040
Speaker 6: of ten you're adding to that. It's like immigrants that

779
00:38:50,040 --> 00:38:53,920
Speaker 6: come to this country. Ninety percent of the immigrants that

780
00:38:53,960 --> 00:38:56,520
Speaker 6: come to this country are adding to the value of

781
00:38:56,600 --> 00:39:01,120
Speaker 6: this country. They're working, they're paying taxes, they're getting a

782
00:39:01,239 --> 00:39:04,520
Speaker 6: joba right. So it's like you know, even fast we

783
00:39:04,560 --> 00:39:07,880
Speaker 6: go to Ghana, we welcome in Ghana. We work with

784
00:39:07,920 --> 00:39:10,760
Speaker 6: people from Ghana, like people that live in on Development

785
00:39:10,800 --> 00:39:14,759
Speaker 6: are Gayanaans right, Like they are welcoming Americas like, look,

786
00:39:14,800 --> 00:39:17,080
Speaker 6: we need the resource, we need your money to come

787
00:39:17,080 --> 00:39:19,680
Speaker 6: into That's how that's how you stimulate an economy. How

788
00:39:19,680 --> 00:39:22,319
Speaker 6: do you think is how do you think economies are stimulated?

789
00:39:22,640 --> 00:39:25,120
Speaker 6: Why do you think Saudi Arabia is spending billions of

790
00:39:25,160 --> 00:39:28,640
Speaker 6: dollars to bring outside resources into their country because they

791
00:39:28,719 --> 00:39:31,839
Speaker 6: understand that the oil is dwindling and that eventually they're

792
00:39:31,840 --> 00:39:35,880
Speaker 6: going to need some other form of stimulation for the economy.

793
00:39:35,920 --> 00:39:37,960
Speaker 6: They don't have enough people in Saudi Arabia to do it.

794
00:39:38,160 --> 00:39:40,000
Speaker 6: How do you think Dubai. You go to Dubai, ninety

795
00:39:40,040 --> 00:39:43,520
Speaker 6: percent of Dubai's population are not from Dubai. They're not

796
00:39:43,560 --> 00:39:47,440
Speaker 6: in Maordis. Of the people that's in Dubai not in Maurdis.

797
00:39:47,960 --> 00:39:51,600
Speaker 6: So but it goes back to education. So we really

798
00:39:51,640 --> 00:39:53,160
Speaker 6: got to do a good job of just educating the

799
00:39:53,200 --> 00:39:55,319
Speaker 6: audience because once again, a lot of it just comes

800
00:39:55,320 --> 00:40:02,120
Speaker 6: from ignorance of not having world experience, not fully understanding something.

801
00:40:02,440 --> 00:40:04,200
Speaker 6: And then you could just make a video on TikTok,

802
00:40:04,239 --> 00:40:06,360
Speaker 6: and then everybody will just say, oh yeah, yeah, yeah.

803
00:40:06,640 --> 00:40:08,400
Speaker 6: I don't want to be part of a colonization. I

804
00:40:08,400 --> 00:40:10,839
Speaker 6: don't want to go and displace people. Like I said,

805
00:40:10,840 --> 00:40:13,600
Speaker 6: there's never been a time in world history when we

806
00:40:13,680 --> 00:40:17,879
Speaker 6: displaced anybody. So how are you gonna start now? So yeah,

807
00:40:17,920 --> 00:40:20,200
Speaker 6: I think you should. You should travel the world. You should,

808
00:40:20,280 --> 00:40:22,320
Speaker 6: you should. I mean, if you want to stay in America,

809
00:40:22,360 --> 00:40:24,239
Speaker 6: then that's that's fine too. But the world is big.

810
00:40:24,280 --> 00:40:26,880
Speaker 6: People complain about America, they complain about Trump, they complain

811
00:40:26,920 --> 00:40:29,440
Speaker 6: about everything. Well, nobody told you had to stay here.

812
00:40:29,800 --> 00:40:31,640
Speaker 6: If you hate it so much here and you got

813
00:40:31,719 --> 00:40:34,720
Speaker 6: so many issues here, you and you and you can't

814
00:40:34,719 --> 00:40:38,160
Speaker 6: see a pathway to become who you want to become here,

815
00:40:38,360 --> 00:40:42,680
Speaker 6: then go somewhere else. I mean, you're not limited. If

816
00:40:42,719 --> 00:40:44,759
Speaker 6: you limit yourself, that's your own problem. So I think

817
00:40:44,760 --> 00:40:47,640
Speaker 6: we definitely got to start thinking globally. Everybody's thinking globally.

818
00:40:47,680 --> 00:40:49,560
Speaker 6: It's not you can't. If you're think it's just domestic

819
00:40:49,640 --> 00:40:51,640
Speaker 6: right now, you're not. It's not gonna work for you.

820
00:40:51,640 --> 00:40:54,799
Speaker 6: It's not gonna happen. Were talking about artificial intelligence, We're

821
00:40:54,800 --> 00:40:56,440
Speaker 6: talking about so many different things that happen in the

822
00:40:56,440 --> 00:40:58,840
Speaker 6: world is moving so quickly. So if you have just

823
00:40:59,120 --> 00:41:01,920
Speaker 6: a domestic in a view on things, that's an American

824
00:41:01,920 --> 00:41:04,279
Speaker 6: problem too. Americans don't really know too much about other

825
00:41:04,320 --> 00:41:06,440
Speaker 6: parts of the world. Like go to we go to London.

826
00:41:06,960 --> 00:41:09,600
Speaker 6: The uber drivers is listening to world dukes. They're not

827
00:41:09,640 --> 00:41:11,440
Speaker 6: listening to music. They listening to the world dukes. Like

828
00:41:11,480 --> 00:41:12,640
Speaker 6: you don't got to be rich like you go to

829
00:41:12,680 --> 00:41:15,279
Speaker 6: other parts of the world. Poor people understand what's going

830
00:41:15,320 --> 00:41:18,239
Speaker 6: on in every part of the world. America, we only

831
00:41:18,239 --> 00:41:20,640
Speaker 6: know what's going on in our neighborhood. We don't even

832
00:41:20,680 --> 00:41:22,080
Speaker 6: know half the time. We don't even know that the

833
00:41:22,160 --> 00:41:24,960
Speaker 6: capital of our state that we live in. So we're

834
00:41:25,000 --> 00:41:29,439
Speaker 6: extremely uneducated when it comes to geopolitics. We're not we're

835
00:41:29,480 --> 00:41:32,360
Speaker 6: extremely ignorant when it comes to geopolitics, and that's unfortunately

836
00:41:32,360 --> 00:41:35,480
Speaker 6: becomes it actually comes from arrogance because we don't have

837
00:41:35,560 --> 00:41:37,560
Speaker 6: to learn about the world because we've been isolated for

838
00:41:37,600 --> 00:41:40,640
Speaker 6: so long. Like we do everything different in America. Every

839
00:41:40,680 --> 00:41:42,879
Speaker 6: part of the world used celsius, we use. Every part

840
00:41:42,920 --> 00:41:46,640
Speaker 6: of the world uses different measurement. We use miles. Every

841
00:41:46,640 --> 00:41:49,920
Speaker 6: part of the world use everything that we do in America.

842
00:41:49,960 --> 00:41:52,480
Speaker 6: They do different in every part of the world, and

843
00:41:53,000 --> 00:41:54,880
Speaker 6: every part of the world they know at least two languages,

844
00:41:54,920 --> 00:41:58,320
Speaker 6: and most Americans don't barely. Most Americans don't really know English,

845
00:41:58,360 --> 00:42:01,160
Speaker 6: to be honest with you, if you actually put them

846
00:42:01,200 --> 00:42:03,759
Speaker 6: through like twelfth grade English class, they would fail. Like

847
00:42:03,800 --> 00:42:06,000
Speaker 6: people can't really spell that good or you can read

848
00:42:06,040 --> 00:42:08,359
Speaker 6: that good. No, I'm being honest with you know you are.

849
00:42:08,719 --> 00:42:11,160
Speaker 1: I mean our literacy rate I think in this country

850
00:42:11,280 --> 00:42:12,280
Speaker 1: is like a sixth grade level.

851
00:42:12,719 --> 00:42:16,840
Speaker 6: We haven't mastered one language when the average part average

852
00:42:16,840 --> 00:42:19,680
Speaker 6: part they'll know two and three languages. So it's just

853
00:42:19,719 --> 00:42:22,120
Speaker 6: so much. Man, when you start to travel, you realize

854
00:42:22,239 --> 00:42:25,200
Speaker 6: that how spoiled we are in America, how ignorant we

855
00:42:25,239 --> 00:42:27,640
Speaker 6: are in America, and we really got to change that,

856
00:42:27,960 --> 00:42:34,920
Speaker 6: especially our community, because our only pathway to success is global.

857
00:42:35,400 --> 00:42:37,640
Speaker 6: Is global. We limited. You see everything they're cutting out.

858
00:42:37,680 --> 00:42:39,920
Speaker 6: Now you think you're going to have a better pathway

859
00:42:39,960 --> 00:42:42,320
Speaker 6: when every single program is getting cut there's no money.

860
00:42:42,840 --> 00:42:45,640
Speaker 6: So if you how would you not think globally? You

861
00:42:45,760 --> 00:42:47,560
Speaker 6: you set yourself up a failure. If you think you're

862
00:42:47,560 --> 00:42:49,480
Speaker 6: just going to become a billionaire in the United States

863
00:42:49,480 --> 00:42:50,760
Speaker 6: of America, as a black person.

864
00:42:52,520 --> 00:42:56,360
Speaker 3: All right, a preacher Rashad, let me get.

865
00:42:57,840 --> 00:42:58,520
Speaker 2: You know what I'm saying.

866
00:42:58,560 --> 00:43:01,080
Speaker 1: I was going to me get the the collection play

867
00:43:01,160 --> 00:43:06,080
Speaker 1: for you, but uh, to go over it though, what

868
00:43:06,080 --> 00:43:07,840
Speaker 1: what exactly are you doing?

869
00:43:07,920 --> 00:43:12,320
Speaker 3: In God, you're building a city, but a residential neighborhood.

870
00:43:12,760 --> 00:43:16,520
Speaker 6: So it's on four hundred acres of land and its apartments,

871
00:43:16,640 --> 00:43:20,400
Speaker 6: townhouses and villas. And then we also got commercial so

872
00:43:20,440 --> 00:43:23,800
Speaker 6: we're going to have a grocery store, pharmacy, vegan farm.

873
00:43:24,280 --> 00:43:28,000
Speaker 6: So it's a residential neighborhood. But with all the amenities

874
00:43:28,080 --> 00:43:30,440
Speaker 6: that you would have where you kind of ice, you

875
00:43:30,440 --> 00:43:34,359
Speaker 6: don't really even have to leave the situation, honestly. So yeah,

876
00:43:34,560 --> 00:43:37,160
Speaker 6: upscale luxury living and like I said, this for everybody.

877
00:43:37,239 --> 00:43:41,120
Speaker 6: So we're going to have Gaians as residents and whoever

878
00:43:41,120 --> 00:43:44,200
Speaker 6: else wants to come, it will be Americans British. The

879
00:43:44,239 --> 00:43:46,920
Speaker 6: ideas to blink coaches together. So you know, we're talking

880
00:43:46,920 --> 00:43:50,799
Speaker 6: about Pan Africanism for a long time, but a lot

881
00:43:50,800 --> 00:43:52,319
Speaker 6: of times it's just the words. So if you really

882
00:43:52,320 --> 00:43:54,400
Speaker 6: want to try to unite people from across the diasp,

883
00:43:54,440 --> 00:43:56,120
Speaker 6: but everybody knows the story how we got ripped the

884
00:43:56,120 --> 00:43:59,560
Speaker 6: park whatever so you know, this is an idea to

885
00:43:59,640 --> 00:44:03,400
Speaker 6: actually you know, bring bring the world together, bring the

886
00:44:03,440 --> 00:44:09,239
Speaker 6: West and bring bring Africa together and all in one

887
00:44:09,480 --> 00:44:12,560
Speaker 6: community where people can learn from each other. And the

888
00:44:12,680 --> 00:44:15,440
Speaker 6: idea was to actually create a community like not just

889
00:44:15,640 --> 00:44:17,680
Speaker 6: you know, I live here and then my next neighbor

890
00:44:17,800 --> 00:44:20,600
Speaker 6: is a mile down the road. That's why it's town road.

891
00:44:20,640 --> 00:44:24,000
Speaker 6: That's why it's townhouses, apartments in villas. Is that it's

892
00:44:24,040 --> 00:44:26,920
Speaker 6: a mix of different things. So it's it's it's meant

893
00:44:26,960 --> 00:44:29,839
Speaker 6: to actually know your neighbor. That's that's we gotta get

894
00:44:29,840 --> 00:44:31,640
Speaker 6: back to community. A lot of times, like we don't

895
00:44:31,680 --> 00:44:33,440
Speaker 6: even know who lives next door to us. That's not

896
00:44:33,560 --> 00:44:37,840
Speaker 6: something that's you know, sustainable for a community life. So

897
00:44:38,080 --> 00:44:39,759
Speaker 6: you know, that's something that we wanted to do. You know,

898
00:44:39,760 --> 00:44:41,000
Speaker 6: you look at every part of the world. We go

899
00:44:41,040 --> 00:44:43,640
Speaker 6: to travel we Dubai, you go to Paris, you go

900
00:44:43,640 --> 00:44:45,840
Speaker 6: to London. You see all these construction, all these different

901
00:44:45,840 --> 00:44:47,799
Speaker 6: people that's coming from Russia and all that stuff. So

902
00:44:47,800 --> 00:44:49,200
Speaker 6: it's like, why not have something like that in the

903
00:44:49,200 --> 00:44:52,080
Speaker 6: continent of Africa. That would be amazing, like you know,

904
00:44:52,200 --> 00:44:55,719
Speaker 6: to anybody that wants to come, but focus mostly on

905
00:44:55,800 --> 00:44:59,120
Speaker 6: it on local Africans and then people from a diaspora.

906
00:44:59,200 --> 00:45:02,040
Speaker 6: That's a that's the top priority. So you know, we

907
00:45:02,120 --> 00:45:05,680
Speaker 6: had developed a relationship with some developers out there in Ghana.

908
00:45:05,760 --> 00:45:07,839
Speaker 6: They already had the vision they had. That's another thing too,

909
00:45:07,880 --> 00:45:09,960
Speaker 6: people like they don't want African Americans, they don't want

910
00:45:09,960 --> 00:45:12,239
Speaker 6: black people, and that's just once again it's just based

911
00:45:12,239 --> 00:45:14,600
Speaker 6: out of ignorance. Like you know, we're working, we're working

912
00:45:14,680 --> 00:45:17,560
Speaker 6: with Dynaan's. I can't speak for every single guy name.

913
00:45:17,600 --> 00:45:20,000
Speaker 6: It's like I can't speak for every single African that's

914
00:45:20,000 --> 00:45:23,279
Speaker 6: in America. But we've only been welcome. We never had

915
00:45:23,320 --> 00:45:26,320
Speaker 6: any issue working with anybody, like we've only been welcomed,

916
00:45:26,440 --> 00:45:28,960
Speaker 6: very welcoming. And that was their idea. That was their

917
00:45:29,040 --> 00:45:31,520
Speaker 6: vision too. They wanted to bring people from America over

918
00:45:31,800 --> 00:45:34,040
Speaker 6: That's why it's so interesting. People like why are you

919
00:45:34,120 --> 00:45:36,320
Speaker 6: going over there? They wanted to bring people to America.

920
00:45:36,400 --> 00:45:38,959
Speaker 6: They like why they They're like why why they saying

921
00:45:38,960 --> 00:45:41,279
Speaker 6: these things? Like why why would they didn't understand it?

922
00:45:41,280 --> 00:45:44,120
Speaker 6: Like in Ghana, they like, why would they say that,

923
00:45:44,200 --> 00:45:46,319
Speaker 6: Like I don't understand. They like they don't underst they

924
00:45:46,320 --> 00:45:48,879
Speaker 6: don't know that the Lebanese came over and they owned

925
00:45:48,920 --> 00:45:50,719
Speaker 6: twenty five percent of the nightclub. They're like, they don't

926
00:45:50,800 --> 00:45:53,960
Speaker 6: understand that Italian's coming. They don't understand that China is

927
00:45:54,280 --> 00:45:55,759
Speaker 6: over here and they and they own all of it.

928
00:45:55,880 --> 00:46:00,239
Speaker 6: They was like reports they they're not concerned about yeah,

929
00:46:00,239 --> 00:46:02,279
Speaker 6: but they concerned about you, Like they like, why would

930
00:46:02,320 --> 00:46:03,560
Speaker 6: they why would they have a problem with that? I

931
00:46:03,600 --> 00:46:04,200
Speaker 6: don't understand.

932
00:46:05,480 --> 00:46:08,000
Speaker 1: I want to dig a little bit more into how

933
00:46:08,080 --> 00:46:11,919
Speaker 1: you guys created Earn your Leisure. I know you guys

934
00:46:11,920 --> 00:46:14,640
Speaker 1: started off kind of teaching high schoolers like about financial

935
00:46:14,760 --> 00:46:18,480
Speaker 1: literacy and and you know, creating a program as you mentioned,

936
00:46:18,480 --> 00:46:20,480
Speaker 1: you know, for the youth so that they can understand

937
00:46:20,719 --> 00:46:24,520
Speaker 1: finances better. But what was the point where you all

938
00:46:24,600 --> 00:46:27,560
Speaker 1: realized that under Leisure, you know, it wasn't just a

939
00:46:27,600 --> 00:46:30,200
Speaker 1: class or it wasn't just sort of the singular thing,

940
00:46:30,239 --> 00:46:31,640
Speaker 1: that it was actually a movement.

941
00:46:34,920 --> 00:46:35,080
Speaker 2: You know.

942
00:46:35,120 --> 00:46:38,200
Speaker 5: It was early early on, you know, Shorty had built

943
00:46:38,280 --> 00:46:40,880
Speaker 5: up Instagram following and so people there was kind of

944
00:46:40,920 --> 00:46:41,719
Speaker 5: a demand for it.

945
00:46:42,719 --> 00:46:44,680
Speaker 2: And then we shot our initial episodes.

946
00:46:44,719 --> 00:46:47,160
Speaker 5: It was I remember like recording and saying like, man,

947
00:46:47,200 --> 00:46:48,680
Speaker 5: if we can get ten people to listen, if we

948
00:46:48,719 --> 00:46:50,760
Speaker 5: can get a hundred people listening. We get a thousand

949
00:46:50,760 --> 00:46:53,120
Speaker 5: people listening, we'd be great. That means like we got,

950
00:46:53,360 --> 00:46:56,160
Speaker 5: you know, an audience. And the first couple of episodes,

951
00:46:56,160 --> 00:46:59,800
Speaker 5: we started seeing those numbers like like multiply very quickly.

952
00:47:00,120 --> 00:47:01,839
Speaker 5: I think within the first two months we had about

953
00:47:01,840 --> 00:47:04,600
Speaker 5: twenty thousand listeners every week. I'm like, all right, there's

954
00:47:04,600 --> 00:47:09,279
Speaker 5: something here. And so we learned quickly like that is

955
00:47:09,280 --> 00:47:11,520
Speaker 5: going to be the foundation for everything we do. Everything

956
00:47:11,520 --> 00:47:13,759
Speaker 5: will be on your leision in terms of like the

957
00:47:13,880 --> 00:47:16,600
Speaker 5: tree that'll be the root, and anything we create will

958
00:47:16,680 --> 00:47:17,799
Speaker 5: be a branch from that tree.

959
00:47:17,800 --> 00:47:18,959
Speaker 2: And so obviously when we.

960
00:47:18,840 --> 00:47:21,160
Speaker 5: Were doing it, it's like, well, people are watching us

961
00:47:21,160 --> 00:47:23,080
Speaker 5: now because we're putting it on YouTube, so we need

962
00:47:23,120 --> 00:47:26,440
Speaker 5: to probably create a clothing brand inside of that, so

963
00:47:27,160 --> 00:47:30,720
Speaker 5: you get the apparel. People wanted more of an education

964
00:47:30,960 --> 00:47:33,040
Speaker 5: and right, and so we said, okay, well, if they

965
00:47:33,040 --> 00:47:35,719
Speaker 5: won't listen to it on the audio, right, what if

966
00:47:35,719 --> 00:47:37,439
Speaker 5: we create a university where we could have a hands

967
00:47:37,440 --> 00:47:39,319
Speaker 5: on where they could actually reach us and some of

968
00:47:39,400 --> 00:47:39,840
Speaker 5: our guests.

969
00:47:39,920 --> 00:47:42,880
Speaker 2: So we built Earning Lesia University and then it was

970
00:47:42,920 --> 00:47:43,920
Speaker 2: a lot of events. Right.

971
00:47:43,960 --> 00:47:46,799
Speaker 5: We took the music approach where they used to have

972
00:47:46,880 --> 00:47:48,400
Speaker 5: instores I know some of the kids like what is

973
00:47:48,440 --> 00:47:51,080
Speaker 5: then in store? Like when your favorite artists and entertainer

974
00:47:51,200 --> 00:47:52,920
Speaker 5: used to come to a store and you can.

975
00:47:53,480 --> 00:47:54,520
Speaker 2: So we took that approach.

976
00:47:54,560 --> 00:47:56,680
Speaker 5: We went to looked at our analytics and so were

977
00:47:56,800 --> 00:47:59,200
Speaker 5: the major cities that people will listen to us, and

978
00:47:59,239 --> 00:48:01,759
Speaker 5: we just decided do pop ups there just again to

979
00:48:01,760 --> 00:48:05,120
Speaker 5: engage audience, see or use the base was but it

980
00:48:05,200 --> 00:48:08,000
Speaker 5: told us like, hey, if three hundred people will show

981
00:48:08,080 --> 00:48:10,400
Speaker 5: up just to see us, then if we have a

982
00:48:10,400 --> 00:48:12,600
Speaker 5: lot of event maybe those same three hundred people will

983
00:48:12,600 --> 00:48:15,359
Speaker 5: actually pay to come see more information that even had

984
00:48:15,480 --> 00:48:16,560
Speaker 5: more value to their lives.

985
00:48:16,920 --> 00:48:18,879
Speaker 2: And so that kind of worked and so that branch and.

986
00:48:19,160 --> 00:48:22,640
Speaker 5: Once you start building a community, it feels like now

987
00:48:22,760 --> 00:48:25,000
Speaker 5: this is bigger than us, this is actually a movement.

988
00:48:25,280 --> 00:48:28,319
Speaker 5: You start seeing people executed on the information. So they

989
00:48:28,360 --> 00:48:30,360
Speaker 5: heard a vendor machine episode and then they started a

990
00:48:30,440 --> 00:48:33,080
Speaker 5: vending machine business. They listened to a real estate episode

991
00:48:33,080 --> 00:48:35,520
Speaker 5: and now they're building a real estate portfolio. They heard

992
00:48:35,560 --> 00:48:37,640
Speaker 5: about stocks and now they have brokenure accounts and your

993
00:48:37,640 --> 00:48:39,560
Speaker 5: meetings people on a daily basis.

994
00:48:40,160 --> 00:48:42,160
Speaker 2: And then you hear that theme over and over. You

995
00:48:42,280 --> 00:48:44,080
Speaker 2: change my life. You changed my life.

996
00:48:44,560 --> 00:48:47,560
Speaker 5: You changed my life that starts to feel like a

997
00:48:47,560 --> 00:48:49,839
Speaker 5: movement and you realize very quickly this is bigger than us.

998
00:48:49,960 --> 00:48:51,440
Speaker 2: So we've been kind of I used to.

999
00:48:51,440 --> 00:48:53,759
Speaker 5: Say, like we're flying a plane and building it at

1000
00:48:53,800 --> 00:48:56,520
Speaker 5: the same time. But it was beautiful because people are

1001
00:48:56,520 --> 00:48:58,880
Speaker 5: watching it happen in real time and now they're growing

1002
00:48:58,880 --> 00:49:01,840
Speaker 5: with you. Which again talks about community, talks about family,

1003
00:49:01,880 --> 00:49:04,120
Speaker 5: and talks about a movement that's been created.

1004
00:49:05,800 --> 00:49:09,319
Speaker 1: What would you say as you have you know, been

1005
00:49:09,360 --> 00:49:13,680
Speaker 1: spearheading this movement for earn your leisure, how have you

1006
00:49:13,800 --> 00:49:18,360
Speaker 1: all within this movement? How have you seen yourselves financially evolved?

1007
00:49:18,560 --> 00:49:19,719
Speaker 2: Yeah, I mean, you know, just.

1008
00:49:21,280 --> 00:49:24,680
Speaker 6: Learning about different stuff and investing in different things like

1009
00:49:24,760 --> 00:49:27,799
Speaker 6: venture capital, you know, angel investing. We know, we've got

1010
00:49:28,440 --> 00:49:31,440
Speaker 6: a variety of different startup companies that we've that we've

1011
00:49:31,440 --> 00:49:34,360
Speaker 6: been able to invest in, and then you know, different

1012
00:49:34,760 --> 00:49:38,640
Speaker 6: bigger scale projects like what we're doing in Ghana, you know,

1013
00:49:39,400 --> 00:49:44,200
Speaker 6: entrepreneurial investing standpoints starting different companies. So yeah, definitely, you know,

1014
00:49:44,320 --> 00:49:47,400
Speaker 6: start to uh, the more you're exposed to things and

1015
00:49:47,440 --> 00:49:50,239
Speaker 6: the more education you have is going to broaden your

1016
00:49:50,239 --> 00:49:52,520
Speaker 6: horizons and you know.

1017
00:49:52,600 --> 00:49:54,240
Speaker 2: Make you think about things a little differently.

1018
00:49:54,840 --> 00:49:57,759
Speaker 5: Yeah, I think another key things is the relationships that

1019
00:49:57,760 --> 00:50:00,400
Speaker 5: we're able to puster, right, Like you I've been on

1020
00:50:00,440 --> 00:50:01,359
Speaker 5: our show plenty of times.

1021
00:50:01,560 --> 00:50:03,640
Speaker 2: We were just at Cornegie Hall with Robert Smith.

1022
00:50:04,160 --> 00:50:07,359
Speaker 5: So the platform has given us an opportunity to meet

1023
00:50:07,560 --> 00:50:09,080
Speaker 5: some of the people that we looked up to in

1024
00:50:09,120 --> 00:50:12,640
Speaker 5: the world the business and finance, entertainment and have relationships

1025
00:50:12,640 --> 00:50:14,640
Speaker 5: with them that are meaningful that we can use as

1026
00:50:14,640 --> 00:50:17,759
Speaker 5: a resource. Right, Like we always say money is great,

1027
00:50:17,760 --> 00:50:21,040
Speaker 5: but the relationships are far far more important. They can

1028
00:50:21,080 --> 00:50:23,680
Speaker 5: open doors that money can't. And so like that piece

1029
00:50:23,760 --> 00:50:26,120
Speaker 5: is the part that people have watched us from a

1030
00:50:26,160 --> 00:50:29,160
Speaker 5: dining room table to sitting at Carnegie Hall for the

1031
00:50:29,239 --> 00:50:31,839
Speaker 5: third year, which you know most people have never sat

1032
00:50:31,880 --> 00:50:34,600
Speaker 5: and performed at with the one of the wealthiest men

1033
00:50:34,640 --> 00:50:36,960
Speaker 5: that has ever been in American society.

1034
00:50:37,520 --> 00:50:39,000
Speaker 2: And so like that part is important.

1035
00:50:39,960 --> 00:50:40,200
Speaker 3: Yeah.

1036
00:50:40,200 --> 00:50:43,279
Speaker 1: One of the things I definitely love about you All's

1037
00:50:43,320 --> 00:50:46,560
Speaker 1: platform is that I'm exposed to what I call the

1038
00:50:46,600 --> 00:50:49,160
Speaker 1: secret billionaires, like all these black people that are.

1039
00:50:49,040 --> 00:50:50,359
Speaker 3: Making a lot of money. I was like, I had

1040
00:50:50,400 --> 00:50:53,440
Speaker 3: no idea of like, oh okay, I.

1041
00:50:52,960 --> 00:50:55,719
Speaker 1: Did not know of this person you know before you all,

1042
00:50:56,480 --> 00:50:58,759
Speaker 1: you know sort of expose them. And I appreciate the

1043
00:50:58,760 --> 00:51:02,880
Speaker 1: fact that you're showing us that despite what the media

1044
00:51:02,880 --> 00:51:05,239
Speaker 1: messages that we may get that, there are a lot

1045
00:51:05,280 --> 00:51:08,200
Speaker 1: of us that are out here making money, doing the

1046
00:51:08,239 --> 00:51:11,640
Speaker 1: right things, understanding you know how to make the system

1047
00:51:11,680 --> 00:51:13,720
Speaker 1: work for us. So I appreciate you guys for shedding

1048
00:51:13,760 --> 00:51:16,279
Speaker 1: light on that. You mentioned relationships and one of the

1049
00:51:16,280 --> 00:51:19,200
Speaker 1: things you talk about, and you deserve to rerich your book.

1050
00:51:19,239 --> 00:51:22,120
Speaker 1: And again, if I sound like a broken record, I

1051
00:51:22,160 --> 00:51:23,840
Speaker 1: intend to I know what it's like to sell a book.

1052
00:51:23,880 --> 00:51:25,640
Speaker 3: You all buy. You deserve to be rich.

1053
00:51:25,800 --> 00:51:29,720
Speaker 1: Available wherever books are sold. We're a book sold everywhere, y'all.

1054
00:51:29,760 --> 00:51:32,040
Speaker 1: Like it's like I feel like I've always did the

1055
00:51:32,080 --> 00:51:36,200
Speaker 1: same people that Amazon, Bars and Noble. Of course, if

1056
00:51:36,239 --> 00:51:38,600
Speaker 1: you know of a good black bookstore, buy from those,

1057
00:51:38,680 --> 00:51:41,000
Speaker 1: especially independent local bookstore.

1058
00:51:41,000 --> 00:51:42,160
Speaker 3: It's very important that you do that.

1059
00:51:42,480 --> 00:51:44,520
Speaker 1: But one of the things you talk about, and I'm

1060
00:51:44,560 --> 00:51:47,400
Speaker 1: finding myself in this space now in my own family,

1061
00:51:47,680 --> 00:51:52,320
Speaker 1: is about having those conversations about finances with your parents,

1062
00:51:52,520 --> 00:51:56,200
Speaker 1: and this has been This is tricky because we know

1063
00:51:56,400 --> 00:52:00,680
Speaker 1: that the dynamic shifts is you know, eventually become the

1064
00:52:00,719 --> 00:52:03,120
Speaker 1: parents of the parents, right, It's like especially like as

1065
00:52:03,120 --> 00:52:07,400
Speaker 1: they get older. You know, I told my mom, you know,

1066
00:52:07,440 --> 00:52:11,200
Speaker 1: to tell a personal story. Like, my mother, to my knowledge,

1067
00:52:11,239 --> 00:52:14,720
Speaker 1: has never invested in anything, like, never invested in She

1068
00:52:14,719 --> 00:52:17,560
Speaker 1: she thankfully like her house is paid off, but she's

1069
00:52:17,600 --> 00:52:21,200
Speaker 1: never invested in stocks. And as a gift to her

1070
00:52:21,280 --> 00:52:23,759
Speaker 1: me and my husband, you know, for a birthday, we said, hey,

1071
00:52:24,320 --> 00:52:27,319
Speaker 1: here's a set amount of money we'll give you and

1072
00:52:27,640 --> 00:52:31,040
Speaker 1: put it in the market. Now, this was maybe in

1073
00:52:31,120 --> 00:52:34,600
Speaker 1: twenty twenty, twenty twenty one. Has my mother actually taken

1074
00:52:34,680 --> 00:52:35,319
Speaker 1: us up on that?

1075
00:52:35,840 --> 00:52:39,160
Speaker 3: No, And you all know what she could have had

1076
00:52:39,719 --> 00:52:40,160
Speaker 3: by now.

1077
00:52:40,200 --> 00:52:43,120
Speaker 1: And I mean the investment was ten thousand and so

1078
00:52:43,160 --> 00:52:46,160
Speaker 1: what she could have had now versus just so she

1079
00:52:46,239 --> 00:52:50,160
Speaker 1: could get in the habit of sort of building, you know, building.

1080
00:52:49,880 --> 00:52:51,480
Speaker 3: Her her wealth, if you will.

1081
00:52:51,760 --> 00:52:53,480
Speaker 1: Because one of the things I love about your book

1082
00:52:53,480 --> 00:52:56,200
Speaker 1: another thing is that it's not too late at any

1083
00:52:56,200 --> 00:52:59,200
Speaker 1: age to do this right. But you find when you

1084
00:52:59,239 --> 00:53:01,719
Speaker 1: have these conversations, and we weren't even asking her to

1085
00:53:01,719 --> 00:53:04,480
Speaker 1: do anything risky. We were just like, hey, Edward Jones,

1086
00:53:04,520 --> 00:53:06,560
Speaker 1: we set her up. You know, we have a financial

1087
00:53:06,600 --> 00:53:09,040
Speaker 1: guy there. We were like, hey, you know, it'll be

1088
00:53:09,120 --> 00:53:13,040
Speaker 1: very basic, little light mass you know some mutual funds

1089
00:53:13,040 --> 00:53:18,000
Speaker 1: like nothing crazy right, and she just like she really

1090
00:53:18,080 --> 00:53:19,640
Speaker 1: it was very hard to convince her to do it.

1091
00:53:19,640 --> 00:53:21,799
Speaker 3: And this again, as I said, she still hadn't done it.

1092
00:53:21,960 --> 00:53:23,239
Speaker 1: And I was like everyone Jones is one of the

1093
00:53:23,239 --> 00:53:26,080
Speaker 1: most reputable financial you know.

1094
00:53:26,080 --> 00:53:27,520
Speaker 3: Brokerage places out there.

1095
00:53:27,600 --> 00:53:31,200
Speaker 1: So uh, my long win, my long winded way of

1096
00:53:31,239 --> 00:53:34,239
Speaker 1: asking is like, how do you or what are some

1097
00:53:34,320 --> 00:53:36,960
Speaker 1: tips or tricks or tools or how do you have

1098
00:53:37,040 --> 00:53:41,239
Speaker 1: these kind of conversations with your parents about their financial

1099
00:53:41,280 --> 00:53:45,520
Speaker 1: planning when they come from a really traumatized financial generation.

1100
00:53:46,680 --> 00:53:47,799
Speaker 3: You know, how do you all do it?

1101
00:53:47,800 --> 00:53:49,080
Speaker 1: Because I know it's a lot of people out there

1102
00:53:49,080 --> 00:53:51,759
Speaker 1: probably watching and who will be listening, who are having

1103
00:53:51,880 --> 00:53:54,279
Speaker 1: who are in this same situation about how they can

1104
00:53:54,320 --> 00:53:58,080
Speaker 1: get their parents to think a little bit you know,

1105
00:53:58,520 --> 00:54:00,560
Speaker 1: I guess more wealthy about their wealth potential.

1106
00:54:02,120 --> 00:54:04,640
Speaker 2: Yeah, it's interesting even writing this book.

1107
00:54:05,000 --> 00:54:07,080
Speaker 5: My parents had the early version of it, and so

1108
00:54:07,880 --> 00:54:09,600
Speaker 5: when they read it, they were like, why are you

1109
00:54:09,640 --> 00:54:10,920
Speaker 5: telling all these stories?

1110
00:54:12,880 --> 00:54:15,920
Speaker 2: You know, because unpacking the trauma is important.

1111
00:54:15,920 --> 00:54:18,359
Speaker 5: But anytime I try to talk to them, I can

1112
00:54:18,360 --> 00:54:22,000
Speaker 5: hear the fear, right, And so like having conversations when

1113
00:54:22,040 --> 00:54:24,680
Speaker 5: you hear fear and knowing that we've been kind of

1114
00:54:24,680 --> 00:54:27,520
Speaker 5: fearless on this journey. Kind of you but heads, I

1115
00:54:27,520 --> 00:54:29,319
Speaker 5: think the most important thing that I've learned to be

1116
00:54:29,360 --> 00:54:33,279
Speaker 5: is patient and walk them through it. And you know,

1117
00:54:33,440 --> 00:54:35,960
Speaker 5: we've been doing early lead for six years. Market Money's

1118
00:54:35,960 --> 00:54:39,560
Speaker 5: our investment show for about five years, and my parents

1119
00:54:39,560 --> 00:54:43,360
Speaker 5: watched every episode. They watched every Monday, and they didn't invest.

1120
00:54:43,400 --> 00:54:45,839
Speaker 5: They hadn't invested up until the last year.

1121
00:54:46,280 --> 00:54:48,359
Speaker 2: And so I helped their hand. I helped their hand.

1122
00:54:48,920 --> 00:54:51,920
Speaker 5: You know, obviously I have a lot of information, and

1123
00:54:52,000 --> 00:54:53,799
Speaker 5: so I was patient enough to say, you know what,

1124
00:54:54,000 --> 00:54:56,279
Speaker 5: I'm going to open your broker's account, right, I'm going

1125
00:54:56,320 --> 00:54:57,560
Speaker 5: to show you how to invest.

1126
00:54:57,719 --> 00:54:59,960
Speaker 2: We're going to sit down and bought my mom a computer.

1127
00:55:00,400 --> 00:55:02,520
Speaker 5: Here's how you do it, here's how you log in,

1128
00:55:02,719 --> 00:55:05,600
Speaker 5: here's your password, here's how you buy, here's how you sell.

1129
00:55:06,760 --> 00:55:08,280
Speaker 2: So my dad, you know, he took notes.

1130
00:55:08,320 --> 00:55:10,680
Speaker 5: My mom was kind of spareheaded, and again, which wasn't

1131
00:55:11,080 --> 00:55:12,000
Speaker 5: wasn't foreign to me.

1132
00:55:12,080 --> 00:55:13,759
Speaker 2: But you got to hold that hand. You got to

1133
00:55:13,800 --> 00:55:14,840
Speaker 2: be patient, and you got to be.

1134
00:55:14,880 --> 00:55:19,160
Speaker 5: Understanding that the unknown is very fearful. This is not

1135
00:55:19,280 --> 00:55:22,040
Speaker 5: something that they're used to. Technology in itself, is something

1136
00:55:22,480 --> 00:55:25,120
Speaker 5: that you know, they didn't grow up with, right, and

1137
00:55:25,160 --> 00:55:28,120
Speaker 5: so investing with technology is even a scarier task.

1138
00:55:28,160 --> 00:55:29,719
Speaker 2: And so that's something I have to learn.

1139
00:55:29,719 --> 00:55:32,440
Speaker 5: And even with their planning for the future, right, like

1140
00:55:33,280 --> 00:55:35,799
Speaker 5: who was supposed to do their state planning? You know

1141
00:55:35,840 --> 00:55:38,520
Speaker 5: they watched the episode and realize that they didn't have one. Again,

1142
00:55:38,800 --> 00:55:41,400
Speaker 5: that was like again using relationships, using your own resources,

1143
00:55:41,400 --> 00:55:43,879
Speaker 5: and now sitting down and saying, Okay, here's how we're

1144
00:55:43,880 --> 00:55:45,839
Speaker 5: going to do this, here's how it's set up, here's

1145
00:55:45,840 --> 00:55:46,680
Speaker 5: the things we need to have.

1146
00:55:46,920 --> 00:55:48,279
Speaker 2: Let's get all our affairs in order.

1147
00:55:48,800 --> 00:55:51,480
Speaker 5: And sometimes you realize that like you were the child

1148
00:55:51,520 --> 00:55:53,759
Speaker 5: and now you're the CEO of the family. And I

1149
00:55:53,760 --> 00:55:56,440
Speaker 5: think we probably both sitting that seat as you know,

1150
00:55:56,640 --> 00:56:00,960
Speaker 5: being the youngest of our parents should but now being

1151
00:56:01,200 --> 00:56:03,800
Speaker 5: sort of the CEO because of information and relationships that

1152
00:56:03,880 --> 00:56:04,080
Speaker 5: we have.

1153
00:56:05,760 --> 00:56:09,719
Speaker 1: Any advice you want to add, Rashad, how to talk

1154
00:56:09,760 --> 00:56:12,520
Speaker 1: to your parents about getting their money situation together?

1155
00:56:13,600 --> 00:56:17,000
Speaker 6: Yeah, I'm not thinking just anybody that's not you know,

1156
00:56:17,480 --> 00:56:19,959
Speaker 6: well versed on finances and may be stuck in their ways.

1157
00:56:19,960 --> 00:56:21,680
Speaker 6: You just gotta do a little bit of talent. Can't

1158
00:56:21,719 --> 00:56:24,319
Speaker 6: like try to expect somebody that's been doing one thing

1159
00:56:24,480 --> 00:56:27,640
Speaker 6: for sixty years to just do a complete one eighty right,

1160
00:56:27,760 --> 00:56:30,120
Speaker 6: So it's just like you know, like show them some

1161
00:56:30,280 --> 00:56:33,680
Speaker 6: results and just you know, have a conversation, show them

1162
00:56:33,960 --> 00:56:36,520
Speaker 6: different videos stuff like that, like you know, just easing

1163
00:56:36,920 --> 00:56:39,680
Speaker 6: you know, maybe even if it's a thousand dollars pope,

1164
00:56:39,760 --> 00:56:42,040
Speaker 6: hundred dollars, right, it's just kind of like, you know,

1165
00:56:42,080 --> 00:56:46,279
Speaker 6: you just gotta you gotta kind of do it one,

1166
00:56:46,440 --> 00:56:48,799
Speaker 6: one step at the time. With somebody like that, as

1167
00:56:48,840 --> 00:56:51,600
Speaker 6: opposed to somebody that's younger, they might just have one

1168
00:56:51,640 --> 00:56:55,160
Speaker 6: podcast and just go all the way because they you know,

1169
00:56:55,200 --> 00:56:58,120
Speaker 6: they they just they still in that mindset where they're

1170
00:56:58,840 --> 00:57:02,399
Speaker 6: adopt the adapt Where somebody is older, they usually are

1171
00:57:02,440 --> 00:57:03,359
Speaker 6: not adaptable.

1172
00:57:03,440 --> 00:57:06,960
Speaker 2: So to consideration, as.

1173
00:57:06,760 --> 00:57:10,280
Speaker 1: I mentioned a moment ago, as we see like young athletes,

1174
00:57:10,840 --> 00:57:14,359
Speaker 1: those in college are getting they're making some big money

1175
00:57:14,360 --> 00:57:14,680
Speaker 1: out here.

1176
00:57:14,719 --> 00:57:14,919
Speaker 6: Now.

1177
00:57:15,120 --> 00:57:18,440
Speaker 1: You know, when I covered college sports, you know the

1178
00:57:18,560 --> 00:57:21,800
Speaker 1: dudes that pull into the to the parking lot at

1179
00:57:21,840 --> 00:57:24,480
Speaker 1: the arena, the college kids, they was driving hooties.

1180
00:57:24,560 --> 00:57:27,720
Speaker 3: Now they're driving Lamborghinis. It all kind of crazy shit.

1181
00:57:27,800 --> 00:57:29,920
Speaker 3: I'm like, wow, you know, way to get that money.

1182
00:57:30,240 --> 00:57:32,120
Speaker 1: But at the same time, as you know, all this

1183
00:57:32,200 --> 00:57:35,320
Speaker 1: money comes with a lot of responsibility from I'm sure

1184
00:57:35,320 --> 00:57:38,160
Speaker 1: you guys have had a number of conversations with athletes

1185
00:57:38,200 --> 00:57:41,840
Speaker 1: about finances, and we have seen some of the horror stories.

1186
00:57:41,840 --> 00:57:42,760
Speaker 3: We've seen a lot of them.

1187
00:57:43,360 --> 00:57:46,720
Speaker 1: But as you look at these young athletes who now

1188
00:57:46,840 --> 00:57:51,040
Speaker 1: have an opportunity to be millionaires in college and to

1189
00:57:51,160 --> 00:57:54,800
Speaker 1: make all of this money, what are you all observing

1190
00:57:55,000 --> 00:57:57,720
Speaker 1: in terms of how you feel like they're handling this

1191
00:57:58,200 --> 00:58:00,880
Speaker 1: and what do you feel like they don't know but

1192
00:58:00,920 --> 00:58:01,520
Speaker 1: they need to know.

1193
00:58:03,320 --> 00:58:07,000
Speaker 2: I love it. I think it's incredible. You know, we

1194
00:58:07,520 --> 00:58:09,840
Speaker 2: grew up in that era where we watched you know,

1195
00:58:10,120 --> 00:58:11,320
Speaker 2: like you said, the Fab five.

1196
00:58:11,640 --> 00:58:15,360
Speaker 3: Yeah, I can't imagine what the nil package like that.

1197
00:58:15,400 --> 00:58:17,880
Speaker 5: Story Chris reberco and Ford is his jersey, but it

1198
00:58:17,920 --> 00:58:19,760
Speaker 5: was being sold in store in the university is making

1199
00:58:19,800 --> 00:58:21,520
Speaker 5: money off of there. So we watched that for years.

1200
00:58:21,520 --> 00:58:24,280
Speaker 5: So just to like in the words of Jay Z

1201
00:58:24,360 --> 00:58:25,880
Speaker 5: pays like yours old years.

1202
00:58:25,680 --> 00:58:27,560
Speaker 2: That Jordas this is this is that.

1203
00:58:28,160 --> 00:58:31,080
Speaker 5: What I hope to see is the education piece, right,

1204
00:58:31,120 --> 00:58:34,000
Speaker 5: like again K through twelve, how much financial education you're

1205
00:58:34,040 --> 00:58:37,120
Speaker 5: getting and even in college, how much you're getting when

1206
00:58:37,120 --> 00:58:41,600
Speaker 5: you're a seventh figure earner when you're nineteen twenty years old.

1207
00:58:41,880 --> 00:58:45,240
Speaker 5: I would start there. I would hold it and encourage

1208
00:58:45,280 --> 00:58:49,240
Speaker 5: them to educate themselves. If we look at a lot

1209
00:58:49,240 --> 00:58:51,400
Speaker 5: of the athletes that we've seen over the course of

1210
00:58:51,520 --> 00:58:53,920
Speaker 5: the past thirty years, there's been a common theme of

1211
00:58:53,960 --> 00:58:57,280
Speaker 5: them being represented by someone who took advantage of them.

1212
00:58:57,960 --> 00:58:58,160
Speaker 2: Right.

1213
00:58:58,280 --> 00:59:00,000
Speaker 5: And the only way for you to be taking advance

1214
00:59:00,560 --> 00:59:03,360
Speaker 5: if you don't have a proper education or knowwal to

1215
00:59:03,600 --> 00:59:07,680
Speaker 5: understand the process of business, right, because it is sports business,

1216
00:59:07,840 --> 00:59:11,720
Speaker 5: and so you know, I just saw SGA fire his agent, right, Well,

1217
00:59:12,840 --> 00:59:16,600
Speaker 5: like it's easy to negotiate a super Max deal, right,

1218
00:59:16,760 --> 00:59:20,280
Speaker 5: we know the terms on that, and so more more players,

1219
00:59:20,280 --> 00:59:22,840
Speaker 5: and you're starting to see it, are taking control of

1220
00:59:22,880 --> 00:59:25,440
Speaker 5: their careers and taking to control of their finances. So

1221
00:59:25,480 --> 00:59:28,960
Speaker 5: the education part is important. I think a tax professional

1222
00:59:29,200 --> 00:59:31,919
Speaker 5: inside of their team is important. Right, That's the part

1223
00:59:31,920 --> 00:59:34,280
Speaker 5: that nobody talks about. Yeah he made six million, but

1224
00:59:34,440 --> 00:59:38,160
Speaker 5: yeah he lives in California, right, or she plays for

1225
00:59:38,760 --> 00:59:41,280
Speaker 5: usc Right, So there's a there's a tax code that

1226
00:59:41,280 --> 00:59:44,000
Speaker 5: they have to abide by when they're getting these endorsement deals,

1227
00:59:44,000 --> 00:59:46,880
Speaker 5: and nobody talks something about that at that level, right,

1228
00:59:46,920 --> 00:59:49,480
Speaker 5: because again, most of the times your parents didn't come

1229
00:59:49,480 --> 00:59:51,840
Speaker 5: from a seven figure background, and so now you're the

1230
00:59:51,920 --> 00:59:54,440
Speaker 5: first person, and how do we figure this piece out?

1231
00:59:54,680 --> 00:59:55,520
Speaker 2: So educate yourself.

1232
00:59:55,560 --> 00:59:58,760
Speaker 5: Surround yourself with a great team, definitely a tax professional,

1233
00:59:59,040 --> 01:00:02,800
Speaker 5: and then learning ultra investments, like yes, you're a professional athlete,

1234
01:00:03,040 --> 01:00:04,160
Speaker 5: and yes you're making money.

1235
01:00:04,160 --> 01:00:06,320
Speaker 2: Now how long is your career going to last?

1236
01:00:06,440 --> 01:00:09,640
Speaker 5: Some of these guys in college football right I'm looking

1237
01:00:09,680 --> 01:00:12,520
Speaker 5: at them like this is great. They're not pro prospects.

1238
01:00:13,080 --> 01:00:15,560
Speaker 5: And so you're making money in college at some of

1239
01:00:15,600 --> 01:00:18,640
Speaker 5: these amazing universities. But what does your career look like

1240
01:00:18,640 --> 01:00:21,240
Speaker 5: in five years when you're not playing football? So take

1241
01:00:21,240 --> 01:00:23,640
Speaker 5: advantage of the time now and make smart investments and

1242
01:00:23,800 --> 01:00:24,520
Speaker 5: educate yourself.

1243
01:00:25,760 --> 01:00:28,960
Speaker 1: All Right, before I end every episode of politics, I

1244
01:00:29,120 --> 01:00:32,440
Speaker 1: like to ask my guests a messy question. This is

1245
01:00:32,440 --> 01:00:35,720
Speaker 1: when we create a headline. This is when y'all wind

1246
01:00:35,760 --> 01:00:39,000
Speaker 1: up on the shade room. So I'm going to ask

1247
01:00:39,040 --> 01:00:42,360
Speaker 1: a messy question and both of you have to answer this.

1248
01:00:42,960 --> 01:00:45,400
Speaker 1: What is the stupidest thing you've ever purchased?

1249
01:00:45,600 --> 01:00:47,720
Speaker 3: What was it? And how much did it cost?

1250
01:00:48,200 --> 01:00:52,400
Speaker 1: Stupidest Damar, listen, I still think about when I got

1251
01:00:52,400 --> 01:00:53,160
Speaker 1: a refund check.

1252
01:00:53,200 --> 01:00:55,400
Speaker 3: When I was back in college and I bought a stereo.

1253
01:00:55,560 --> 01:00:58,600
Speaker 1: I think my refunt check was nine hundred dollars and

1254
01:00:58,640 --> 01:01:01,240
Speaker 1: I bought a stereo one hundred and fifty dollars.

1255
01:01:01,320 --> 01:01:02,840
Speaker 3: And I still to this.

1256
01:01:02,800 --> 01:01:06,080
Speaker 1: Day think about why the hell did I buy a

1257
01:01:06,160 --> 01:01:10,320
Speaker 1: seven hundred and fifty dollars stereo knowing that I'm want

1258
01:01:10,320 --> 01:01:10,720
Speaker 1: to be broke?

1259
01:01:10,800 --> 01:01:12,640
Speaker 3: The rest of this semester the.

1260
01:01:13,120 --> 01:01:14,000
Speaker 2: Stupid and it was.

1261
01:01:14,040 --> 01:01:17,200
Speaker 5: It was a turn, it was a I got a BMW.

1262
01:01:17,280 --> 01:01:19,400
Speaker 5: It was the stupidest investment I made. I'll say that

1263
01:01:20,280 --> 01:01:23,320
Speaker 5: it's similar to you. I was like, yo, I want

1264
01:01:23,320 --> 01:01:25,960
Speaker 5: a BMW. You know, I'm Jamaican, so we loved BMW.

1265
01:01:26,440 --> 01:01:29,520
Speaker 5: So I had to get one. And I think I

1266
01:01:29,560 --> 01:01:33,919
Speaker 5: was making like fourteen hundred dollars a month, well maybe

1267
01:01:33,960 --> 01:01:35,480
Speaker 5: last I think it was like twelve hundred dollars a month,

1268
01:01:35,440 --> 01:01:36,360
Speaker 5: twel hundred dollars a month.

1269
01:01:36,360 --> 01:01:38,919
Speaker 2: I'm like back, went to the dealership. I'm like, yo,

1270
01:01:39,240 --> 01:01:40,320
Speaker 2: I want this BMW.

1271
01:01:41,120 --> 01:01:44,280
Speaker 5: I'm like, yeah, drove it, let me have it, sat down,

1272
01:01:44,480 --> 01:01:46,040
Speaker 5: did all the numbers. He was like it's going to

1273
01:01:46,080 --> 01:01:50,120
Speaker 5: be five to seventy five a month. And I was like, okay,

1274
01:01:50,200 --> 01:01:50,760
Speaker 5: let me have it.

1275
01:01:51,680 --> 01:01:53,440
Speaker 3: So it was it was it was basically half your

1276
01:01:53,440 --> 01:01:53,920
Speaker 3: income for.

1277
01:01:53,880 --> 01:01:57,160
Speaker 5: The of my income, but I did. It was a

1278
01:01:57,360 --> 01:02:01,600
Speaker 5: six year finance. I was like, oh my gosh. After

1279
01:02:01,600 --> 01:02:03,520
Speaker 5: a while, I'm like, oh, I could afford the payments,

1280
01:02:03,720 --> 01:02:06,240
Speaker 5: but I can't afford the maintenance, right, because that's one

1281
01:02:06,240 --> 01:02:08,640
Speaker 5: of the things on these four our cars. It doesn't

1282
01:02:08,680 --> 01:02:10,640
Speaker 5: matter what year it is, the park stayed the same

1283
01:02:10,640 --> 01:02:12,880
Speaker 5: and the prices stayed the same. And so it was

1284
01:02:12,880 --> 01:02:15,000
Speaker 5: a two thousand and five and the year I got

1285
01:02:15,000 --> 01:02:16,479
Speaker 5: it was two thousand and seven, so I was ready

1286
01:02:16,480 --> 01:02:19,400
Speaker 5: two years. And then overtime that meeting, it'stance, meaning I

1287
01:02:19,440 --> 01:02:21,640
Speaker 5: was like, what was I thinking?

1288
01:02:22,000 --> 01:02:23,840
Speaker 2: Half of my income? That's ridiculous.

1289
01:02:24,720 --> 01:02:26,040
Speaker 3: How did you get it? How did you get out

1290
01:02:26,080 --> 01:02:26,360
Speaker 3: of it?

1291
01:02:26,720 --> 01:02:28,800
Speaker 5: So I ended up this is crazy. I ended up

1292
01:02:28,800 --> 01:02:31,240
Speaker 5: paying it off after a while. I obviously made more.

1293
01:02:31,360 --> 01:02:33,600
Speaker 5: I was at that time I was a I think

1294
01:02:33,600 --> 01:02:35,280
Speaker 5: I was a teacher assistant. By the time I finished

1295
01:02:35,280 --> 01:02:37,040
Speaker 5: paying off, I was a teacher. So I made more money.

1296
01:02:37,520 --> 01:02:40,040
Speaker 5: And then it didn't have like four wheel drive. And

1297
01:02:40,080 --> 01:02:41,680
Speaker 5: if you live in New York, you live in the

1298
01:02:41,800 --> 01:02:45,080
Speaker 5: trade and the snow, you're done. So I really couldn't

1299
01:02:45,120 --> 01:02:45,640
Speaker 5: d so I was.

1300
01:02:45,600 --> 01:02:47,960
Speaker 3: Like, wait, you got a BMW that didn't that far.

1301
01:02:48,840 --> 01:02:52,640
Speaker 2: Come on, this is a vulnerable moment.

1302
01:02:53,240 --> 01:02:55,800
Speaker 3: Man, You're right. No shame, No, we listened and we

1303
01:02:55,840 --> 01:02:57,200
Speaker 3: don't free.

1304
01:02:57,840 --> 01:02:59,320
Speaker 2: Yeah, I got it.

1305
01:02:59,360 --> 01:03:01,720
Speaker 5: I had a uh my daughter was blowing and I

1306
01:03:01,760 --> 01:03:03,360
Speaker 5: was like, I can't be driving this snow like this.

1307
01:03:03,480 --> 01:03:06,160
Speaker 2: So I got a truck and swapped it out.

1308
01:03:07,160 --> 01:03:09,360
Speaker 1: All right, what about you, Versha, what's the stupidest thing

1309
01:03:09,400 --> 01:03:09,880
Speaker 1: you ever bought?

1310
01:03:09,960 --> 01:03:11,000
Speaker 3: And how much did it cost?

1311
01:03:13,280 --> 01:03:15,400
Speaker 6: I'm building a house right now, so that's probably stupid

1312
01:03:15,440 --> 01:03:21,800
Speaker 6: thing to be determined. How this thing is gonna work

1313
01:03:21,840 --> 01:03:24,680
Speaker 6: out eventually hopefully you know, there's be light at the

1314
01:03:24,720 --> 01:03:26,960
Speaker 6: end of the tunnel once it's done. But that's definitely

1315
01:03:27,000 --> 01:03:29,120
Speaker 6: some agretable decision for sure.

1316
01:03:29,120 --> 01:03:29,880
Speaker 3: Building a house.

1317
01:03:29,960 --> 01:03:32,600
Speaker 6: Wow, Yeah, I wouldn't have I wouldn't advise anybody to

1318
01:03:32,600 --> 01:03:33,080
Speaker 6: build the house.

1319
01:03:39,000 --> 01:03:40,800
Speaker 3: I was like, did you also do a new bill

1320
01:03:40,880 --> 01:03:42,480
Speaker 3: to two hours of them?

1321
01:03:43,200 --> 01:03:43,480
Speaker 2: Oh?

1322
01:03:43,600 --> 01:03:48,840
Speaker 1: My gosh, Okay, I slightly lied.

1323
01:03:49,080 --> 01:03:50,320
Speaker 3: Really, I'm gonna let you go after this.

1324
01:03:50,320 --> 01:03:51,680
Speaker 1: But I was just wondering because I didn't realize you

1325
01:03:51,680 --> 01:03:53,880
Speaker 1: guys live that close to each other, so you work together,

1326
01:03:53,960 --> 01:03:55,240
Speaker 1: you live very close to each other.

1327
01:03:55,960 --> 01:03:59,120
Speaker 3: Y'all fight like do y'all do y'all have an argument? So,

1328
01:03:59,240 --> 01:04:00,200
Speaker 3: like what I.

1329
01:04:00,240 --> 01:04:02,439
Speaker 5: Thought about this the other day, I don't. We've never

1330
01:04:02,560 --> 01:04:05,320
Speaker 5: fought like we played in and we went to the

1331
01:04:05,360 --> 01:04:07,960
Speaker 5: same high school, so we know each other since middle school.

1332
01:04:08,320 --> 01:04:11,880
Speaker 5: I don't think we've ever thought. I've definitely seen fights,

1333
01:04:15,240 --> 01:04:16,160
Speaker 5: but we've never thought.

1334
01:04:16,320 --> 01:04:19,200
Speaker 2: Do we argue? We dis more than argue. We disagree,

1335
01:04:19,280 --> 01:04:20,400
Speaker 2: but I think we understand.

1336
01:04:20,400 --> 01:04:25,320
Speaker 5: There's a mutual respect for both sides, both perspectives, and

1337
01:04:25,360 --> 01:04:27,360
Speaker 5: we're both pisces, so you know we're never wrong.

1338
01:04:28,800 --> 01:04:30,440
Speaker 2: We just argue. To us, we just stopped it, and

1339
01:04:30,520 --> 01:04:31,400
Speaker 2: nobody ever wins.

1340
01:04:31,760 --> 01:04:35,240
Speaker 1: Okay, because listen, we we've all seen way too many

1341
01:04:35,920 --> 01:04:40,120
Speaker 1: behind the musics and and way too many documentaries, a

1342
01:04:40,200 --> 01:04:42,680
Speaker 1: great great R and B groups that broke up, so.

1343
01:04:42,760 --> 01:04:46,800
Speaker 2: Like you know, I'm see them when I take out

1344
01:04:46,840 --> 01:04:48,880
Speaker 2: the garbage, so we see right.

1345
01:04:49,800 --> 01:04:52,360
Speaker 1: Well, listen, Rasha and Troy, thank you all for joining me.

1346
01:04:52,520 --> 01:04:56,000
Speaker 1: I really appreciate all your knowledge, all your insight. More importantly,

1347
01:04:56,160 --> 01:04:58,840
Speaker 1: you guys have really changed lives with your platform, and

1348
01:04:59,240 --> 01:05:01,240
Speaker 1: once again, everyone, by the.

1349
01:05:01,240 --> 01:05:04,320
Speaker 3: Book, you deserve to be rich. It really is a

1350
01:05:04,360 --> 01:05:05,720
Speaker 3: stock full of gems.

1351
01:05:05,760 --> 01:05:07,720
Speaker 1: And not only that, you guys literally lay out a

1352
01:05:07,760 --> 01:05:12,840
Speaker 1: blueprint about how people doesn't matter how much you're making

1353
01:05:13,520 --> 01:05:16,520
Speaker 1: per year. Investments are not just for rich people. It's

1354
01:05:16,640 --> 01:05:19,840
Speaker 1: for really every income level. And I think by you

1355
01:05:19,960 --> 01:05:23,800
Speaker 1: all sharing people's personal stories about how they were able

1356
01:05:23,800 --> 01:05:26,200
Speaker 1: to invest making forty thousand a year or fifty thousand

1357
01:05:26,280 --> 01:05:30,479
Speaker 1: or sixty thousand, I think it's quite inspiring and gives

1358
01:05:30,520 --> 01:05:34,600
Speaker 1: people the courage to actually try this, and you know,

1359
01:05:34,920 --> 01:05:37,080
Speaker 1: to also kind of lose a lot of the financial

1360
01:05:37,120 --> 01:05:39,840
Speaker 1: shame that either was passed down to us or that

1361
01:05:39,920 --> 01:05:43,080
Speaker 1: we just carry in general thinking about the BMW that

1362
01:05:43,120 --> 01:05:48,720
Speaker 1: we shouldn't have bought, or actually.

1363
01:05:48,640 --> 01:05:50,600
Speaker 3: To be honest, that wasn't my worst financial mistake. The

1364
01:05:50,600 --> 01:05:51,160
Speaker 3: worst missake.

1365
01:05:51,240 --> 01:05:53,440
Speaker 1: The financial mistake I made was in real estate is

1366
01:05:53,840 --> 01:05:57,080
Speaker 1: getting involved in trying to flip houses and didn't know

1367
01:05:57,080 --> 01:06:00,000
Speaker 1: shit about will estate. That is definitely the worst investment

1368
01:06:00,040 --> 01:06:02,400
Speaker 1: that I made. But that's that's for another podcast next time.

1369
01:06:02,400 --> 01:06:05,240
Speaker 3: I'm o you you all have more, have me back,

1370
01:06:05,400 --> 01:06:07,800
Speaker 3: ask me about don't ever don't ever do that?

1371
01:06:08,200 --> 01:06:13,880
Speaker 1: Okay, all right, but no, your your your platform, your

1372
01:06:13,920 --> 01:06:16,960
Speaker 1: knowledge has been extremely helpful, and so I encourage people

1373
01:06:18,000 --> 01:06:20,800
Speaker 1: to check you all out. Definitely do market mondays, which

1374
01:06:20,800 --> 01:06:25,840
Speaker 1: are extremely enlightening, helpful, and particularly for those who are

1375
01:06:26,080 --> 01:06:28,720
Speaker 1: already investing, and definitely for those who want to invest.

1376
01:06:28,720 --> 01:06:31,040
Speaker 1: So thank you all for joining me, and and good

1377
01:06:31,080 --> 01:06:32,400
Speaker 1: luck with everything else you're doing.

1378
01:06:34,240 --> 01:06:35,680
Speaker 3: All right, take care.

1379
01:06:36,880 --> 01:06:39,040
Speaker 1: One more segment to go, and you guys know what

1380
01:06:39,040 --> 01:06:43,160
Speaker 1: that means. I got questions to answer up next, your

1381
01:06:43,280 --> 01:06:48,120
Speaker 1: viewer slash listener questions, and I have plenty of answers

1382
01:06:48,200 --> 01:06:59,200
Speaker 1: coming up next on the final segment of Spolatives. As

1383
01:06:59,200 --> 01:07:00,880
Speaker 1: you all know, this is the point in the podcast

1384
01:07:00,880 --> 01:07:03,720
Speaker 1: where I answer a question from you. But for this episode,

1385
01:07:03,760 --> 01:07:05,439
Speaker 1: I wanted to make sure that I took some time

1386
01:07:05,520 --> 01:07:09,400
Speaker 1: to acknowledge the passing of Junior Bridgeman, who died recently

1387
01:07:09,440 --> 01:07:12,200
Speaker 1: at seventy one years old, and especially in light of

1388
01:07:12,240 --> 01:07:15,680
Speaker 1: the bulk of this episode being about financial literacy. Now,

1389
01:07:15,760 --> 01:07:18,680
Speaker 1: if your immediate thought was who, I won't judge you,

1390
01:07:18,720 --> 01:07:21,640
Speaker 1: because junior story is one that should be shared as

1391
01:07:21,680 --> 01:07:24,480
Speaker 1: often as possible, especially with today's NBA players. It's a

1392
01:07:24,560 --> 01:07:27,480
Speaker 1: story in general that deserves to be passed down as

1393
01:07:27,520 --> 01:07:29,919
Speaker 1: many times as possible. Now, Junior played in the NBA

1394
01:07:30,000 --> 01:07:32,360
Speaker 1: for twelve years, starting in the mid nineteen seventies. He

1395
01:07:32,440 --> 01:07:34,640
Speaker 1: was never a NBA All Star. I never won any

1396
01:07:34,680 --> 01:07:37,880
Speaker 1: big significant NBA awards. So he did average thirteen point

1397
01:07:37,920 --> 01:07:40,600
Speaker 1: six points per game on his career. It was considered

1398
01:07:40,640 --> 01:07:42,840
Speaker 1: one of the best six men in the league. But

1399
01:07:42,920 --> 01:07:46,360
Speaker 1: Junior's legacy is having one of the most successful post

1400
01:07:46,360 --> 01:07:47,880
Speaker 1: sports careers ever.

1401
01:07:48,400 --> 01:07:49,880
Speaker 3: This is his most impressive stet.

1402
01:07:50,280 --> 01:07:53,400
Speaker 1: His total NBA career earnings were just shy of three

1403
01:07:53,400 --> 01:07:54,120
Speaker 1: million dollars.

1404
01:07:54,480 --> 01:07:57,520
Speaker 3: After he finished his NBA career, he made over a

1405
01:07:57,600 --> 01:07:58,560
Speaker 3: billion dollars.

1406
01:07:58,960 --> 01:08:01,440
Speaker 1: In nineteen eighty eight, he invested seven hundred and fifty

1407
01:08:01,480 --> 01:08:04,560
Speaker 1: thousand to buy five Wendys in Milwaukee, where he played

1408
01:08:04,600 --> 01:08:07,200
Speaker 1: the majority of his NBA career. From there, he built

1409
01:08:07,240 --> 01:08:10,800
Speaker 1: an empire where he once owned four hundred and fifty restaurants,

1410
01:08:10,840 --> 01:08:13,520
Speaker 1: including over one hundred Wendy's and well over one hundred

1411
01:08:13,600 --> 01:08:16,799
Speaker 1: Chiles franchises. Now, he sold a bunch of his restaurants

1412
01:08:16,880 --> 01:08:19,400
Speaker 1: and became a bottling distributor for Coca Cola. He also

1413
01:08:19,439 --> 01:08:22,920
Speaker 1: bought Jett and Ebony magazines out of bankruptcy. He also

1414
01:08:23,040 --> 01:08:26,040
Speaker 1: had a ten percent stake in the Bucks from player

1415
01:08:26,240 --> 01:08:29,000
Speaker 1: to owner. So I just want to salute Junior Bridgeman

1416
01:08:29,080 --> 01:08:32,120
Speaker 1: for not only his success, but also for being someone

1417
01:08:32,400 --> 01:08:35,760
Speaker 1: known to share his knowledge with other players, especially when

1418
01:08:35,760 --> 01:08:39,120
Speaker 1: it came to financial literacy and building generational wealth.

1419
01:08:39,120 --> 01:08:41,080
Speaker 3: Resting power and positivity. Junior.

1420
01:08:41,800 --> 01:08:43,760
Speaker 1: Now, of course I love to take your question, so

1421
01:08:43,760 --> 01:08:45,160
Speaker 1: if you have a question for me, you can hit

1422
01:08:45,200 --> 01:08:46,879
Speaker 1: me up on social media or email.

1423
01:08:47,000 --> 01:08:48,200
Speaker 3: I'm at Jamail Hill.

1424
01:08:48,000 --> 01:08:51,679
Speaker 1: Across all social media platforms Twitter, Instagram, fan based, Blue Sky,

1425
01:08:51,800 --> 01:08:55,640
Speaker 1: and threads, please use the hashtags politics. You also have

1426
01:08:55,720 --> 01:08:58,200
Speaker 1: the option of emailing me as Politics twenty twenty four

1427
01:08:58,240 --> 01:09:00,840
Speaker 1: at gmail dot com. You can also send me a

1428
01:09:00,960 --> 01:09:03,759
Speaker 1: video of your question, but please make sure it's thirty

1429
01:09:03,800 --> 01:09:06,640
Speaker 1: seconds or less. Don't forget to follow and subscribe to

1430
01:09:06,640 --> 01:09:11,320
Speaker 1: Spolitics on iHeart and follow spolitics pod on Instagram and tiktoks.

1431
01:09:11,520 --> 01:09:14,080
Speaker 3: This politics is spelled s p O L I T

1432
01:09:14,280 --> 01:09:15,120
Speaker 3: I c S.

1433
01:09:15,600 --> 01:09:19,240
Speaker 1: A new episode of Spolitics drops every Thursday on iHeart

1434
01:09:19,240 --> 01:09:20,120
Speaker 1: Podcasts or.

1435
01:09:20,080 --> 01:09:21,920
Speaker 3: Wherever you get your podcasts.

1436
01:09:22,320 --> 01:09:25,160
Speaker 1: This is politics where sports and politics don't just mix,

1437
01:09:25,400 --> 01:09:25,840
Speaker 1: they matter.

1438
01:09:28,520 --> 01:09:29,439
Speaker 3: Spolitics is the.

1439
01:09:29,360 --> 01:09:33,160
Speaker 1: Production of iHeart Podcasts and The Unbothered Network. I'm your

1440
01:09:33,160 --> 01:09:38,040
Speaker 1: host Jamel Hill. Executive producer is Taylor Chakoigne. Lucas Hymen

1441
01:09:38,160 --> 01:09:41,640
Speaker 1: is head of audio and executive producer. Original music for

1442
01:09:41,680 --> 01:09:45,160
Speaker 1: Spolitics provided by Kyle VISs from wiz FX