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Speaker 1: Hey, hey, hey, we're back. We're extra well, not black,

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Speaker 1: but extra brown. Ambition, ambition, ambition, ambition, ambition.

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Speaker 2: Welcome ba Fan.

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Speaker 1: I'm so excited because we have one of the oh

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Speaker 1: gee's in the game on Brown and Bison today. You know,

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Speaker 1: y'all always want to call me somebody's auntie, not you

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Speaker 1: thirty year old. You tried it, but I will say

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Speaker 1: REMI has been in the game longer than me. Let

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Speaker 1: me tell you a little something. F First of all,

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Speaker 1: let me tell you how it was introduced to remed

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Speaker 1: so y'all knew. I grew up in the household where

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Speaker 1: my dad talked about money to my sisters and I'm

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Speaker 1: happy Father's Day just passed. And he born and raised

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Speaker 1: in Nigeria, super super immigrant house school. It was like

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Speaker 1: Nigeria in the house in like America every place else.

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Speaker 1: And I can distinctly remember my older sister Karen going

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Speaker 1: to school college. We went to Rutgers and coming back

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Speaker 1: like one summer, maybe it was her freshman year, and

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Speaker 1: her being like, cause, you know, we listened to my dad.

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Speaker 2: But who's trying to listen to your parents? And she

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Speaker 2: was like, oh my god.

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Speaker 1: I have this book and he knows exactly. She's like,

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Speaker 1: it's a money book, but it's like he grew up

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Speaker 1: the way we grew up with like these immigradparents, and

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Speaker 1: you're like, what are you talking about. She was like,

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Speaker 1: he's really funny. And I remembered this thing and I

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Speaker 1: have if anybody knows me, I got the worst memory possible.

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Speaker 1: And she showed me and it was I will teach

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Speaker 1: you to be rich. And she was like, he's walking

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Speaker 1: me step by step. I've had a manify money because

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Speaker 1: she had like messed up all of her finances and

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Speaker 1: she did cut co nive. Sorry to put your business

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Speaker 1: on blast care because she listens, Oh well, girl, it

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Speaker 1: was a long time ago. She did cut co nive.

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Speaker 2: Child.

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Speaker 1: She every financial mistake she made she could think of,

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Speaker 1: she made, and so I remember thinking that was the

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Speaker 1: very first I didn't even know because at the time

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Speaker 1: I was I'm two years younger than her and I

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Speaker 1: was still in high school. I didn't I never thought

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Speaker 1: about books on money, and I guess I probably thought

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Speaker 1: about it was like for like I don't know old people,

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Speaker 1: and she was so excited about it and showing me

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Speaker 1: like little lines if you don't you know meat has

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Speaker 1: quite the personality, so she would showing me different lines

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Speaker 1: inside the book, and I was like really.

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Speaker 2: So that's how I was first introduced to Rematra.

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Speaker 1: Meat is the host of Netflix's hit show How to

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Speaker 1: Get Rich and the author of the New York Times

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Speaker 1: bestseller I Will Teach You to Be Rich. Remat is

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Speaker 1: known for his unconventional insights on money, psychology, and his

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Speaker 1: no nonsense approach to designing and.

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Speaker 2: Living a rich life. Okay.

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Speaker 1: He was born in California to an Indian immigrant to

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Speaker 1: born in California to Indian immigrant parents. He attended Stanford

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Speaker 1: Oh he's a smarties, That's why I forgot about that

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Speaker 1: on scholarship, where he studied technology, psychology, and persuasion, earning

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Speaker 1: undergraduate and graduate degrees FORMI began his company, I Will

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Speaker 1: Teach You to Be Rich from his college dorm room

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Speaker 1: in two thousand and four. His goal was to reframe

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Speaker 1: the way we think about money, so in two thousand

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Speaker 1: and nine he published his book, his first book, I

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Speaker 1: Will Teach You to Be Rich, which became in New

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Speaker 1: York Times bestseller and cemented his reputation as a leading

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Speaker 1: voice in personal finance. Ramat also hosts a popular podcast

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Speaker 1: call I Will Teach You to Be Rich, which features

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Speaker 1: real couples sharing real stories with real numbers from.

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Speaker 2: Behind closed doors.

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Speaker 1: His influence in the personal finance space has continued to

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Speaker 1: expand with his recent release of Netflix How to Get Rich,

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Speaker 1: which became an instant top ten Netflix show. When I

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Speaker 1: tell you how hard that is, I don't think I

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Speaker 1: understand because I'll be doing my Googles and my numbers,

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Speaker 1: and that is really hard to do to get to

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Speaker 1: be in the top ten because Netflix at any moment

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Speaker 1: has like one hundreds of.

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Speaker 2: Thousands of shows.

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Speaker 1: So the show features Remeat's trademark practical and actionable advice

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Speaker 1: and follows him as he helps real people transform their

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Speaker 1: finances and take control of their financial futures. Ramat's financial

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Speaker 1: philosophy is centered around several key principles, including the importance

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Speaker 1: of automating your finances Love that, using money psychology to

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Speaker 1: prioritize your dials super love that, and focusing on thirty

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Speaker 1: thousand dollars questions instead of three dollar ones. The shade

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Speaker 1: is real about them three dollars. I feel so bad

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Speaker 1: for the late guy. I'm not gonna say his name

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Speaker 1: because we're gonna shade him. But that poor Latte guy.

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Speaker 1: I mean it was at the time, it seemed like

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Speaker 1: a good idea.

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Speaker 2: Anyway, we welcome for me to the stew So welcome

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Speaker 2: to the stew for me.

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Speaker 3: Thank you so much for coming, Thanks for having me.

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Speaker 3: It's great to be here.

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Speaker 2: Yeah, I'm so excited.

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Speaker 1: I don't think I've ever met you in person, like

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Speaker 1: just like via social media?

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Speaker 3: Is that right?

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Speaker 2: Yeah, I don't think.

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Speaker 1: We've ever I don't think I'm looking at you him like, no,

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Speaker 1: con no, not even fin con No. I don't think

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Speaker 1: we've we were ever at a or if I was

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Speaker 1: at a fincnn back that I didn't.

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Speaker 2: I mean, I knew of you, but I didn't know you.

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Speaker 3: So oh man, Well it's a pleasure to see you

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Speaker 3: in person.

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Speaker 2: No, this is awesome.

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Speaker 1: So well, one, I want to take it back to

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Speaker 1: two thousand and nine, right, what made you like write

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Speaker 1: this book, like this funny, helpful book when no one

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Speaker 1: was writing books to young people about money?

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Speaker 2: Like what was the impetus to all of that?

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Speaker 3: Honestly, one of the biggest reasons I wrote it was

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Speaker 3: I had I was getting the same ten questions every

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Speaker 3: day of my life. I was like I don't want

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Speaker 3: to answer a question about a roth Ira anymore. Here

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Speaker 3: here's the book. It's going to answer your question, and

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Speaker 3: it's going to actually show you the thirty other questions

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Speaker 3: you really should be asking. So that was one reason

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Speaker 3: I had started my blog in college. And I started

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Speaker 3: it not because I had some grand master plan. It

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Speaker 3: was that I was taken some of my scholarship money

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Speaker 3: put in the stock market, lost half of it. Realized

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Speaker 3: I wasn't as smart as I thought. And as I

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Speaker 3: learned about money, and I was studying human behavior persuasion psychology,

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Speaker 3: I started developing my own point of view on money.

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Speaker 3: And so when I tried to teach my college friends

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Speaker 3: about personal finance, they all were like, yeah, that sounds cool,

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Speaker 3: and then they would never show up. And this was free,

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Speaker 3: free classes I was giving away and I did that

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Speaker 3: for a year and a half. Nobody came. It was

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Speaker 3: very demoralizing when you have something that you feel the

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Speaker 3: world needs to hear but nobody is listening. And I

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Speaker 3: realized this was a very pivotal moment. I could just

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Speaker 3: give up. But I was a little arrogant, you know,

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Speaker 3: I was a twenty year old kid. I go, they

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Speaker 3: need to hear this. Maybe I'm not sharing it in

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Speaker 3: the right way. Maybe college kids don't want to come

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Speaker 3: to events about money, even if they're free. And I

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Speaker 3: later learned that's true. People don't like going to events

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Speaker 3: about money makes them feel bad about themselves. So I

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Speaker 3: started a blog. Spent five years plus on the blog,

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Speaker 3: every day writing, treating it like a lab, and by

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Speaker 3: the time it came time to even think about doing

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Speaker 3: a book, I had talked to hundreds of thousands of

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Speaker 3: people and really refined this system for saving money automatically,

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Speaker 3: for investing, even knowing how to calculate how much to

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Speaker 3: save for a wedding or by buying a house or

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Speaker 3: a car, and those things I was ready to share

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Speaker 3: with the world.

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Speaker 2: That's awesome.

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Speaker 1: So did they Were you approached about the book or

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Speaker 1: did is there something you pitched?

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Speaker 3: I was approached at the time, around two thousand and six,

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Speaker 3: there were some publishers who started reaching out. One of

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Speaker 3: the things, I think I have a skill that just

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Speaker 3: I don't know where it came from. But I'm very patient.

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Speaker 3: I'm not in a rush for anything, so I knew,

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Speaker 3: you know, if you come knocking on my door, you're

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Speaker 3: probably not the kind of person that I want to

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Speaker 3: publish my book. I was very patient, and I had

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Speaker 3: built some relationships with people in the publishing industry. I

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Speaker 3: had interned for Seth Godin, and so I made friends

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Speaker 3: with his agent, and I called a lot of people

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Speaker 3: and asked like, should I write a book? Should I not?

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Speaker 3: And a lot of the advice. The same advice I

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Speaker 3: give people now who are thinking about writing a book

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Speaker 3: is I say, slow down, write a book when you're

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Speaker 3: absolutely ready. When you feel like you have to write

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Speaker 3: a book, be clear about why it's not so you

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Speaker 3: can see your book in a bookstore. That is a

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Speaker 3: that's a sort of very surface level goal. I had

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Speaker 3: something that I knew the world needed to hear. I

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Speaker 3: had refined it over years. I didn't care about money

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Speaker 3: from a book. In fact, I took a pretty small deal.

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Speaker 3: My publishing deal for I Will Teach You to Be

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Speaker 3: Rich first edition was quite modest. I chose a publisher

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Speaker 3: that paid less, but I chose them because, just like me,

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Speaker 3: they are known to invest for the long term. So

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Speaker 3: eighty percent of their sales come from the backlist. That's

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Speaker 3: exactly what I wanted, and so that is how I

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Speaker 3: decided to sell my book in two thousand and seven,

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Speaker 3: and I started writing it for the next two years.

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Speaker 1: No, I love that because I honestly your book was

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Speaker 1: one of my You Tim Ferris, I remember telling my casaying,

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Speaker 1: I was like, I mean, the money's cool, but I

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Speaker 1: make plenty of money externally, you know, so and I

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Speaker 1: also knew enough to know that. I mean, very few

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Speaker 1: people get quote unquote rich off of books, you know,

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Speaker 1: just because people don't know that even if you get

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Speaker 1: like I got a good size, you know, like my

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Speaker 1: idea was a pretty decent size, but it was over

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Speaker 1: two years. I'm like, I make more than that, you know,

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Speaker 1: in a few months. So it wasn't the money. It

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Speaker 1: was because I'd been approached prior, but it was also

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Speaker 1: I just was like I didn't I wasn't really sure

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Speaker 1: about what I wanted to say, and I didn't want

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Speaker 1: to just be talking to be talking, and so finally

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Speaker 1: I was ready to do my book. So one thing

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Speaker 1: that you know, I don't know if you're I'm sure

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Speaker 1: you know you're known for this is that you like

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Speaker 1: to shake the table right for.

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Speaker 3: Me, Like, yes, I'm a little teddy bear, what are

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Speaker 3: you talking about. I'm known as the greatest Indian teddy

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Speaker 3: Bear online? What are you talking about? Yo? With me?

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Speaker 1: Loves to shake the table And what I love is

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Speaker 1: that you you're like you're not going to back down

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Speaker 1: from from like you like I said what I said

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Speaker 1: and this is why.

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Speaker 3: So wait, hold on, why would why would I back

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Speaker 3: down when I'm right?

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Speaker 2: See look at the teddy.

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Speaker 1: Bear coming out with it with the wage to play

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Speaker 1: behind his back.

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Speaker 2: And so I would love to talk about some of

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Speaker 2: the things that people push.

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Speaker 1: Back like the most with you on as they're listening

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Speaker 1: and like you know and then how you know? Like

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Speaker 1: why is this your So there's something for me. For example,

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Speaker 1: I've been doing a lot of research on the racial

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Speaker 1: wealth gap and like how do we get here? And

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Speaker 1: so for those who don't know the racial wealth gap,

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Speaker 1: typically when they think the racial wealth gap, they're thinking

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Speaker 1: the gap between white families and black families is right now,

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Speaker 1: is like for every dollar white family has, a black

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Speaker 1: family has, well, for every ten dollars white family has,

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Speaker 1: a black family has one dollar, and figuring out like

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Speaker 1: how do we get here? And one of the components

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Speaker 1: that they cite as being part of the reason why

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Speaker 1: there is a racial wealth gap is a lack of

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Speaker 1: home ownership in the black community, you know, and also too,

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Speaker 1: not just lack of home ownership, but also that homes

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Speaker 1: are devalued. Like just go look at Brooklyn, you know

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Speaker 1: when it was like black people teaming there.

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Speaker 2: You know, homes are worth nothing. Like I live in Newark.

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Speaker 1: I mean, that's why I don't like to pick up

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Speaker 1: my phone because every second someone is calling me to

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Speaker 1: buy my home, which lets you know that gentrification is

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Speaker 1: well on its way. But you know, Newark is still

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Speaker 1: largely but when that changes, the value of these homes

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Speaker 1: will totally change. So anyway, I was, I know, you

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Speaker 1: have this thing about like you don't need home ownership

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Speaker 1: to grow wealth. So I'm just curious about, like, you know,

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Speaker 1: just because as my studies, I'm doing research about like

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Speaker 1: home ownership being cited as one of the reasons why

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Speaker 1: there isn't wealth in black and brown communities. Like what

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Speaker 1: is your theory on, like, you know, well you don't

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Speaker 1: need home ownership. Is that because home ownership? Maybe that

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Speaker 1: was the Well you tell me, Like, why is it

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Speaker 1: that you push back on home ownership?

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Speaker 3: First of all, I'm so glad that we get to

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Speaker 3: talk about personal finance and race, personal finance and politics

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Speaker 3: because money is political, and that is one of the

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Speaker 3: biggest things that I get pushed pushed back on, which

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Speaker 3: is I literally have you know some dude wearing Oakley's

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Speaker 3: telling me stick to finance? I go, are you? Are

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Speaker 3: you actually? Do you actually lack this level of intellect

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Speaker 3: that you don't realize money is as political as it gets.

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Speaker 3: The reason housing is expensive is political. The reason healthcare

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Speaker 3: is expensive is political. The reason you drive a big

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Speaker 3: ass truck is political. It's not just that you like

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Speaker 3: the truck and it's got a hemi engine. No, it's political.

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Speaker 3: So when it comes to home ownership, I have a

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Speaker 3: very strong point of view on home ownership and it's multifaceted,

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Speaker 3: like home ownership is in this country. You know a

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Speaker 3: lot of people they obsess over their marble island. Okay,

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Speaker 3: they obsess over what color their cabinets are. What they

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Speaker 3: really should ask questions about is is why am I

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Speaker 3: not allowed to build an adu or a granny unit

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Speaker 3: in my backyard? Why is that not legally allowed? Why

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Speaker 3: am I not allowed to build multiple stories if I

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Speaker 3: want to? Why am I required to have a gigantic

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Speaker 3: bat front yard that nobody uses, and I actually have

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Speaker 3: to spend time and money to mow it. And by

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Speaker 3: the way, what role did race play in all of

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Speaker 3: these rules? Why is it that in America single family

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Speaker 3: homes are the American dream? Why is that? And most

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Speaker 3: people have no idea, They never thought about this, They'd

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Speaker 3: rather think about the color of their cabinets. So when

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Speaker 3: you read books like The Color of Law, you realize

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Speaker 3: that home ownership redlining, that home ownership has been a

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Speaker 3: wedge to drive wealth for primarily white Americans in this country. Historically,

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Speaker 3: it's not an accident. It was intentionally done so, and

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Speaker 3: so freeways were created in poor communities and that has

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Speaker 3: lasting effects. Okay for a lot of people, probably not

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Speaker 3: listening to this podcast, maybe listening to Joe Rogan, that

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Speaker 3: would be shocking, and many of them simply deny it. Well,

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Speaker 3: if you try hard, harder than you can make more money.

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Speaker 3: I'm sick of that shit. We've all heard it. And

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Speaker 3: if you actually understand history, if you've read a single

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Speaker 3: history book, you know that that's not how it works.

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Speaker 3: There's not bootstraps. When they're running a freeway through your

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Speaker 3: and intentionally dividing your neighborhood as they did for decades. Now,

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Speaker 3: let's talk about home ownership as an investment, because that's

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Speaker 3: a it's a related but different concept. In America, we're

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Speaker 3: obsessed with home ownership. We believe that if you rent,

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Speaker 3: you're a loser. We believe. We even have phrases borderline

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Speaker 3: religious phrases, you're throwing money away on rent, you're paying

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Speaker 3: your landlord's mortgage. I call them religious because they lack

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Speaker 3: any actual data. They're just words we repeat over and

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Speaker 3: over and over until people actually start to believe them. Well,

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Speaker 3: it turns out that home ownership is certainly one way

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Speaker 3: that you can build wealth. Historically, in our country, it

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Speaker 3: has been a very powerful way to build wealth. That's

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Speaker 3: not simply because homes themselves are great investments. It's that

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Speaker 3: when people in this country buy homes, they become Nimbi's

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Speaker 3: not in my backyard. They prevent more housing from being built,

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Speaker 3: therefore artificially boosting the price and value of their house.

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Speaker 3: And so they basically, like a diamond dealer, they limit

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Speaker 3: how many diamonds flood on the market, they limit how

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Speaker 3: many houses, and so they buy a house for two

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Speaker 3: hundred thousand dollars and the value goes up. If the

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Speaker 3: market were actually free and we could build as much

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Speaker 3: housing as is necessary, their house would look much more

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Speaker 3: like Tokyo, where prices do not go way up, and

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Speaker 3: instead housing is like any other commodity you buy, it depreciates,

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Speaker 3: in my opinion, as the way it should. So the

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Speaker 3: thing that people find controversial is that I say you

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Speaker 3: should run the numbers on the biggest purchase of your life.

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Speaker 3: And sometimes renting can be a superior financial decision to

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Speaker 3: owning house, which in my case it absolutely is no.

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Speaker 1: And that makes sense because I mean, so I'm because

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Speaker 1: people are like, I know, they're like, Tiffany, you brought home.

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Speaker 1: So I'm like, yes, But the caveat y'all, remember that

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Speaker 1: I purchased a home I'm living in now. It was

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Speaker 1: it was a foreclosure, had been foreclosure for like, I

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Speaker 1: don't know, like a year, and so I bought it

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Speaker 1: directly from the bank. It was at the time worth

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Speaker 1: like three hundred thousand. I bought it for one eighty

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Speaker 1: cash so I didn't have to worry about, like, you know,

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Speaker 1: like renovating or whatever, and so.

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Speaker 2: And then I put one eighty into it.

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Speaker 1: So that brought my investment to three sixties, so it

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Speaker 1: was around worth about I think I said three hundred.

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Speaker 2: I think worth like three sixty three eighty, you know.

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Speaker 1: So I bought it really cheap. I didn't have to

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Speaker 1: worry about a mortgage. Newark, where I live, it has

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Speaker 1: the lowest taxes in Essex County. So my tax at

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Speaker 1: the time, I want to say, like seventy five hundred.

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Speaker 1: So I was like, okay, And now I don't you know,

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Speaker 1: I didn't have a mortgage. And now the house, because

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Speaker 1: everything was so crazy, is worth you know, like five

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Speaker 1: hundred and five to twenty, especially now just because you

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Speaker 1: know everyone's trying to gentrify Nework. And then I purchased

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Speaker 1: another home a few like almost around the same time,

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Speaker 1: directly from the city a tax ded for ten thousand

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Speaker 1: dollars and I put one hundred and thirty into it

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Speaker 1: and I recently just sold it for ninety five and

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Speaker 1: so but those are not I tell people that, like,

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Speaker 1: I mean, obviously that those deals are not available all

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Speaker 1: the time. But I to your point, I try to

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Speaker 1: be patient because I have to run the numbers. I

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Speaker 1: did not run the numbers on my first property when

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Speaker 1: I was twenty five I bought a condo for two

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Speaker 1: twenty it went up to two twenty five, and then

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Speaker 1: I bought a two thousand and six, and then the

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Speaker 1: market just crashed and I lost it to foreclosure. And

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Speaker 1: so I learned from that, like oh, up until then,

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Speaker 1: from two thousand and six to like five years ago,

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Speaker 1: I was still renting until I found something that that

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Speaker 1: was going to make sense for me, you know, to purchase.

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Speaker 3: So it's pretty interesting. I like that you are encouraging

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Speaker 3: your listeners to run the numbers. I want to share

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Speaker 3: some numbers from my own example as well. So I've

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Speaker 3: lived in San Francisco, New York City, and LA and

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Speaker 3: high cost of living cities and high cost of living

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Speaker 3: neighborhoods within those cities. I like to live in a

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Speaker 3: nice place, and I could go and buy a house

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Speaker 3: today cash in any of those cities. I choose to rent.

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Speaker 3: So when people hear this, it's like somebody telling them

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Speaker 3: the sky is green. They're like, wait, I will teach

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Speaker 3: you to be rich. Guy rents and they're shocked. Why

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Speaker 3: Because again, in our country, deep down, we believe that

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Speaker 3: owning is for successful people and renting is for losers.

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Speaker 3: And so when they look at me. They go, well,

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Speaker 3: this guy has a show on Netflix, he's got this

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Speaker 3: best selling book. How can he rent? That's a moment

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Speaker 3: where they start to question some of the beliefs that

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Speaker 3: have been passed on to us for generations. You got

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Speaker 3: to own a house, you gotta build equity. So let

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Speaker 3: me tell you. When I was living in New York,

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Speaker 3: I kept an extremely close eye on real estate values. Okay,

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Speaker 3: a couple of things I want to share that might

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Speaker 3: prize people. First off, my rent dropped four times in

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Speaker 3: eleven years. Okay, yes, people in America think rent only

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Speaker 3: goes up wrong. Just like the price of anything, rent

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Speaker 3: is governed by supply and demand. But guess what. When

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Speaker 3: I asked, they go, that's not possible. Rent never goes up.

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Speaker 3: I go, number one, do you keep a close eye

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Speaker 3: on real estate values in your market? They go no?

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Speaker 3: I go number two, do you actually negotiate? They go,

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Speaker 3: what's that? I go, then, how the hell do you

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Speaker 3: expect rent to drop? If you yourself are not actually negotiating.

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Speaker 3: Your landlord doesn't just walk in and drop your rent?

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Speaker 3: Why would they? You got to ask, and you got

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Speaker 3: to have You got to be lucky in the sense

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Speaker 3: that there has to be more supply, which there was

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Speaker 3: in my case. And you know, you need to know

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Speaker 3: your numbers. So that's number one. The second is there

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Speaker 3: is an apartment building right next to us, and it

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Speaker 3: had this. There was a unit there, it had this,

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Speaker 3: In fact, several units, same number of bedrooms, same square footage,

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Speaker 3: same view, all of it. It was very similar. Let's

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Speaker 3: just say that I was paying three thousand dollars a

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Speaker 3: month in rent, just as a hypothetical example, it would

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Speaker 3: have cost me two point two times as much to

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Speaker 3: own than it cost me to rent. So, in other words,

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Speaker 3: it would have cost me over six thousand dollars a

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Speaker 3: month to own that place when I factor in all

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Speaker 3: the phantom costs, taxes, maintenance, interest, opportunity, cost of my

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Speaker 3: down payment, all the things that people never consider. So

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Speaker 3: you know what I did. I took the thirty four

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Speaker 3: hundred dollars or so per month and I invested it,

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Speaker 3: and I did that every month, and I made way

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Speaker 3: more money renting than I would have owning. So the

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Speaker 3: point is not that one of us is doing it

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Speaker 3: right or wrong. That's not the point. Point is you

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Speaker 3: got to run the numbers. This is the biggest purchase

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Speaker 3: of your life. You can't spend more time deciding what

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Speaker 3: appetizer you're gonna get on Friday Night than understanding a

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Speaker 3: multi hundred thousand dollars purchase. You've got to run the numbers.

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Speaker 1: I don't wonder why people I always thought that I

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Speaker 1: was looking I recently got a condo, but purchased a condo,

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Speaker 1: and I was thinking to myself. I remember I wanted

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Speaker 1: to see it multiple times because I like, I wanted

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Speaker 1: to bring some of my real estate investors by it.

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Speaker 1: And I remember like after the third time, they were like, again,

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Speaker 1: I'm like, you want me to spend all this money.

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Speaker 1: I literally would try on a dress at Target more times.

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Speaker 1: I just thought that was so bananaus to me, They're like, honestly,

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Speaker 1: I mean, why do you need to see it again?

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Speaker 2: I'm like, this is like.

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Speaker 1: The most expensive purchase I've ever made, and I'm like

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Speaker 1: I will literally sometimes be like, oh, I don't know

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Speaker 1: if I really want that gene skirt or which pair

435
00:21:36,680 --> 00:21:38,560
Speaker 1: of Jordan's do I really like? I will try on

436
00:21:38,640 --> 00:21:41,120
Speaker 1: things over and over, and to me, it is really

437
00:21:41,160 --> 00:21:43,760
Speaker 1: wild the way some people literally see a house one time,

438
00:21:44,600 --> 00:21:45,679
Speaker 1: I'm going to put in an offer.

439
00:21:46,080 --> 00:21:49,520
Speaker 3: I love ironing clothes. I love it. And when I

440
00:21:49,600 --> 00:21:51,880
Speaker 3: am researching a new iron, which I do once every

441
00:21:51,920 --> 00:21:59,080
Speaker 3: fifteen years, I will spend like days watching every YouTube review.

442
00:21:59,640 --> 00:22:02,120
Speaker 3: I'm like going, I'm going, I'm literally going to the story.

443
00:22:02,200 --> 00:22:03,840
Speaker 3: I don't go to that many stores, and I'm picking

444
00:22:03,840 --> 00:22:06,159
Speaker 3: it up. Does it fit my hand correctly? How does it?

445
00:22:06,200 --> 00:22:09,360
Speaker 3: How's the weight? Hmmm? Is it gonna get? And I'm

446
00:22:09,400 --> 00:22:11,879
Speaker 3: spending that level of time on a one hundred and

447
00:22:11,880 --> 00:22:15,360
Speaker 3: fifty dollars purchase? Okay, yeah, you better imagine if we're

448
00:22:15,400 --> 00:22:17,919
Speaker 3: going talking about a million dollar plus purchase, that I'm

449
00:22:17,960 --> 00:22:19,440
Speaker 3: going to be spending a lot of time. We all

450
00:22:19,520 --> 00:22:23,680
Speaker 3: should we should know what an amortization table is. Nobody

451
00:22:23,680 --> 00:22:26,960
Speaker 3: knows what that is. Most people go, oh, I'm building equity.

452
00:22:27,000 --> 00:22:29,000
Speaker 3: I go have you ever looked at the amortization table?

453
00:22:29,280 --> 00:22:31,600
Speaker 3: Have you ever realized that in the first roughly ten

454
00:22:31,800 --> 00:22:36,960
Speaker 3: years of owning, you're primarily paying off interest? And when

455
00:22:37,000 --> 00:22:40,240
Speaker 3: I post this on my social media, I actually show

456
00:22:40,280 --> 00:22:43,280
Speaker 3: the chart. I showed a real example, real interest rates,

457
00:22:43,280 --> 00:22:46,440
Speaker 3: real everything. And you know the reaction, People get mad

458
00:22:47,000 --> 00:22:52,199
Speaker 3: at me. Why because in many ways it's religious. We

459
00:22:52,240 --> 00:22:55,119
Speaker 3: don't want to think about the facts. We simply want

460
00:22:55,240 --> 00:22:59,439
Speaker 3: to be reassured by father, government and father, mom and

461
00:22:59,560 --> 00:23:04,280
Speaker 3: Pa telling us buying is the right decision. And I

462
00:23:04,440 --> 00:23:08,439
Speaker 3: reject that. I reject the idea that we should only

463
00:23:08,480 --> 00:23:12,040
Speaker 3: buy because everyone tells us it's good and they use

464
00:23:12,080 --> 00:23:14,680
Speaker 3: these handy dandy phrases. No, you got to actually know

465
00:23:14,720 --> 00:23:16,439
Speaker 3: the numbers, and it may turn out that buying is

466
00:23:16,440 --> 00:23:18,040
Speaker 3: great for a lot of people. Buying is a great

467
00:23:18,040 --> 00:23:20,600
Speaker 3: decision for a lot of people. Renting is a great decision.

468
00:23:21,160 --> 00:23:22,840
Speaker 3: You decide, but you need to know your numbers.

469
00:23:23,280 --> 00:23:25,720
Speaker 1: So what others? What are some other things that push

470
00:23:25,760 --> 00:23:27,680
Speaker 1: people push back on that. You're like, I don't care

471
00:23:27,960 --> 00:23:30,280
Speaker 1: the numbers say this. It's like men lie, women lie.

472
00:23:30,560 --> 00:23:32,840
Speaker 1: Numbers don't. What are some other that's the biggest one

473
00:23:32,840 --> 00:23:34,520
Speaker 1: that I've seen people push back on you for.

474
00:23:35,880 --> 00:23:37,359
Speaker 3: What else? What else do you notice?

475
00:23:38,119 --> 00:23:41,159
Speaker 1: Well, it's hard because most of like, there isn't anything

476
00:23:41,160 --> 00:23:43,320
Speaker 1: that I push back. I mean, the home one, I'm

477
00:23:43,320 --> 00:23:45,680
Speaker 1: always just like it just really depends. But I mean

478
00:23:45,800 --> 00:23:48,920
Speaker 1: people push back on me about like whole life insurance.

479
00:23:48,960 --> 00:23:51,760
Speaker 1: You know, I get that, you know about like you know,

480
00:23:52,200 --> 00:23:55,000
Speaker 1: and I'm just like, numbers don't make any.

481
00:23:55,400 --> 00:23:58,080
Speaker 3: Wait, whole life insurance is shit. Who pushes back on you? Oh,

482
00:23:58,119 --> 00:24:03,639
Speaker 3: whole life insurance salesman? Oh like I care these guys?

483
00:24:04,640 --> 00:24:08,240
Speaker 3: Oh okay, I'll tell you. First of all, you should

484
00:24:08,280 --> 00:24:10,240
Speaker 3: trust a whole life insurance salesperson as far as you

485
00:24:10,240 --> 00:24:14,119
Speaker 3: can throw them. There's a zero reason. And you know

486
00:24:14,200 --> 00:24:17,280
Speaker 3: the only reason that people go whole life insurance is

487
00:24:17,320 --> 00:24:19,520
Speaker 3: great if you're really wealthy. I go, I have a

488
00:24:19,520 --> 00:24:21,879
Speaker 3: lot of money, and it's not even good for me.

489
00:24:22,240 --> 00:24:26,239
Speaker 3: So please give me a break, whole life insurance. Avoid that?

490
00:24:26,320 --> 00:24:28,000
Speaker 2: All right? Wait for me, hold that thought.

491
00:24:28,080 --> 00:24:30,200
Speaker 1: We have to go, Pennyson bills, take a break.

492
00:24:30,320 --> 00:24:35,639
Speaker 2: We'll be back and brown as usual. And we're back.

493
00:24:35,720 --> 00:24:36,679
Speaker 2: So what were you saying with me?

494
00:24:36,960 --> 00:24:41,000
Speaker 3: One big pushback that I get is when I advise

495
00:24:41,880 --> 00:24:46,919
Speaker 3: avoiding one percent fees to a financial advisor. So I

496
00:24:46,960 --> 00:24:50,040
Speaker 3: shared this on my Netflix show. I had a guest Natalie,

497
00:24:50,400 --> 00:24:53,240
Speaker 3: who had a multimillion dollar portfolio and she was paying

498
00:24:53,760 --> 00:24:57,520
Speaker 3: one plus percent to a financial advisor. And you know

499
00:24:57,520 --> 00:24:59,080
Speaker 3: who gets really mad at me when I say this

500
00:24:59,560 --> 00:25:03,320
Speaker 3: financial advice? They get really mad. But let me tell

501
00:25:03,359 --> 00:25:05,560
Speaker 3: you why, because I think there is some nuance to it.

502
00:25:06,520 --> 00:25:09,119
Speaker 3: First off, I believe that most people can manage their

503
00:25:09,119 --> 00:25:13,520
Speaker 3: own money. Most people have quite simple financial situations, and

504
00:25:13,760 --> 00:25:18,320
Speaker 3: there are very simple, amazing investments like target date funds

505
00:25:18,480 --> 00:25:22,200
Speaker 3: that are phenomenal and simple and low cost. You set

506
00:25:22,240 --> 00:25:24,320
Speaker 3: it up once and you automate it. You never have

507
00:25:24,359 --> 00:25:26,439
Speaker 3: to think about it again, and you can become quite

508
00:25:26,440 --> 00:25:30,720
Speaker 3: wealthy from things like a target date fund. Now, once

509
00:25:30,760 --> 00:25:34,520
Speaker 3: in a while, people do have complicated financial situations. They

510
00:25:34,600 --> 00:25:39,479
Speaker 3: might have step children, they might have inheritance issues, whatever,

511
00:25:40,359 --> 00:25:41,720
Speaker 3: and they want to get a second set of eyes.

512
00:25:41,800 --> 00:25:45,960
Speaker 3: I don't mind it. I myself have hired a financial advisor.

513
00:25:46,840 --> 00:25:49,120
Speaker 3: In my case, I hired one because I wanted them

514
00:25:49,160 --> 00:25:51,560
Speaker 3: to look at my asset allocation and tell me if

515
00:25:51,600 --> 00:25:53,520
Speaker 3: am I missing anything? Do I have any blind spots?

516
00:25:54,200 --> 00:25:56,880
Speaker 3: So I don't mind if you hire a financial advisor.

517
00:25:56,920 --> 00:25:59,400
Speaker 3: I don't even mind if you pay a premium rate

518
00:26:00,000 --> 00:26:03,600
Speaker 3: two hundred an hour, five hundred an hour, one thousand

519
00:26:03,680 --> 00:26:07,080
Speaker 3: an hour. If you like them in they're qualified, pay it,

520
00:26:08,240 --> 00:26:13,240
Speaker 3: but never a percentage. Yes, So what most people don't understand.

521
00:26:13,480 --> 00:26:15,399
Speaker 3: If you have a financial advisor and you're watching or

522
00:26:15,400 --> 00:26:17,960
Speaker 3: listening to this, go ahead and text your advisor, email

523
00:26:18,000 --> 00:26:19,520
Speaker 3: them and say hey, I just want to know. Can

524
00:26:19,560 --> 00:26:22,199
Speaker 3: you send me the fee schedule? What that means is

525
00:26:22,359 --> 00:26:26,120
Speaker 3: how am I paying you? If you went to a restaurant,

526
00:26:26,320 --> 00:26:27,800
Speaker 3: of course, you know how you're paying. You're paying with

527
00:26:27,840 --> 00:26:30,040
Speaker 3: your credit card. You know how you're getting charged. It's

528
00:26:30,400 --> 00:26:33,080
Speaker 3: you know, twenty bucks for an entree or whatever. And

529
00:26:33,119 --> 00:26:36,399
Speaker 3: that's that. What if you found out that the person

530
00:26:36,440 --> 00:26:41,280
Speaker 3: mowing your lawn is charging you a percentage of your

531
00:26:41,400 --> 00:26:44,680
Speaker 3: net worth or a percentage of your investable assets, that

532
00:26:44,720 --> 00:26:47,920
Speaker 3: would be crazy. So how is it that it's okay

533
00:26:48,440 --> 00:26:51,400
Speaker 3: for the financial advising industry to do so? And let

534
00:26:51,440 --> 00:26:54,960
Speaker 3: me also share another shocking fact. One percent doesn't sound

535
00:26:55,000 --> 00:26:57,040
Speaker 3: like a lot. Oh one percent, somebody can look over

536
00:26:57,080 --> 00:26:59,919
Speaker 3: my investments and keep an eye on it. One percent

537
00:27:00,119 --> 00:27:02,240
Speaker 3: means that, over the course of your lifetime, you will

538
00:27:02,280 --> 00:27:06,800
Speaker 3: spend about twenty eight percent of your returns in fees.

539
00:27:07,960 --> 00:27:11,480
Speaker 3: That's shocking. That's hundreds of thousands of dollars. We have

540
00:27:11,520 --> 00:27:14,840
Speaker 3: so many people preoccupied with a three dollars latte. Oh,

541
00:27:14,880 --> 00:27:18,000
Speaker 3: I shouldn't get dessert, the cheesecake. I know I'm being good.

542
00:27:18,080 --> 00:27:20,919
Speaker 3: I shouldn't be good this week. Meanwhile, you're being bled

543
00:27:21,040 --> 00:27:23,560
Speaker 3: dry for hundreds of thousands of dollars and you don't

544
00:27:23,600 --> 00:27:27,679
Speaker 3: even realize it. I don't find that acceptable. Now, if

545
00:27:27,720 --> 00:27:30,280
Speaker 3: you want to pay five hundred bucks an hour, or

546
00:27:30,359 --> 00:27:33,480
Speaker 3: you want to spend five thousand dollars on a project

547
00:27:33,480 --> 00:27:36,320
Speaker 3: based fee, I'm all for it. In fact, I would

548
00:27:36,320 --> 00:27:37,919
Speaker 3: do that. I have a person who works for me

549
00:27:38,680 --> 00:27:40,639
Speaker 3: and they offered me two options. Do I want to

550
00:27:40,640 --> 00:27:43,040
Speaker 3: pay a high hourly rate or do I want to

551
00:27:43,040 --> 00:27:45,800
Speaker 3: pay a percentage of the deal. I said, I'll pay

552
00:27:45,800 --> 00:27:51,040
Speaker 3: the hourly rate every day, every day. So I want

553
00:27:51,040 --> 00:27:53,000
Speaker 3: to encourage you to find out if you are paying.

554
00:27:53,000 --> 00:27:55,399
Speaker 3: If you have a financial advisor, how are you paying?

555
00:27:56,720 --> 00:27:59,639
Speaker 3: It's often one percent and you can tell because they

556
00:27:59,640 --> 00:28:02,959
Speaker 3: won't give a straight answer. And I don't want people

557
00:28:03,040 --> 00:28:06,159
Speaker 3: to be paying AUM or Assets under management fees. I

558
00:28:06,200 --> 00:28:08,560
Speaker 3: want you to be either managing your money yourself, or

559
00:28:08,560 --> 00:28:11,119
Speaker 3: if you're paying a great advisor, pay him hourly or

560
00:28:11,119 --> 00:28:14,879
Speaker 3: per project. That gets a lot of pushback, but I'm right.

561
00:28:15,680 --> 00:28:17,880
Speaker 1: No, And I mean that's why I didn't push back

562
00:28:17,880 --> 00:28:20,199
Speaker 1: on that, because I have an Angelie. Shout out to you, ANGELI,

563
00:28:20,320 --> 00:28:23,360
Speaker 1: she's amazing, she's my financial advisor, and I pay out

564
00:28:23,359 --> 00:28:25,200
Speaker 1: of pocket. That was one of the things I don't

565
00:28:25,200 --> 00:28:27,879
Speaker 1: even know that. I never even asked if she offered

566
00:28:27,920 --> 00:28:29,520
Speaker 1: like assets under management. But I think I made it

567
00:28:29,600 --> 00:28:31,800
Speaker 1: very clear in the beginning we're not doing that, so

568
00:28:31,920 --> 00:28:32,959
Speaker 1: it never really came up.

569
00:28:33,000 --> 00:28:35,560
Speaker 2: I just said, you know, what's the you know, and

570
00:28:35,600 --> 00:28:36,280
Speaker 2: am I gonna lie?

571
00:28:36,280 --> 00:28:38,560
Speaker 1: In the beginning just like you, I was like, Ohn

572
00:28:38,680 --> 00:28:40,800
Speaker 1: is a financial advisor. It's not that serious. Most things

573
00:28:40,800 --> 00:28:43,240
Speaker 1: are set it and forget it. But I just got

574
00:28:43,280 --> 00:28:45,680
Speaker 1: stuck in a space where I'm like, I'm really good

575
00:28:45,680 --> 00:28:49,880
Speaker 1: at making money, but I didn't really know, like what

576
00:28:50,000 --> 00:28:52,000
Speaker 1: do I do now that it's building and building and building,

577
00:28:52,040 --> 00:28:54,400
Speaker 1: you know. I wanted to understand, like what, where's the

578
00:28:54,440 --> 00:28:56,840
Speaker 1: best place to place my assets in a way so

579
00:28:56,880 --> 00:28:58,280
Speaker 1: I wouldn't have to work by the time I was

580
00:28:58,320 --> 00:29:01,880
Speaker 1: a certain age and so Angelie was pivotal for me,

581
00:29:02,800 --> 00:29:04,880
Speaker 1: and so I'm really grateful that I hired her, maybe

582
00:29:05,000 --> 00:29:08,880
Speaker 1: I want to say, like four years ago, especially after

583
00:29:09,000 --> 00:29:10,840
Speaker 1: my husband suddenly passed away. I don't know what I

584
00:29:10,880 --> 00:29:13,680
Speaker 1: would have done without Angelie because she knew where everything was,

585
00:29:13,920 --> 00:29:15,880
Speaker 1: you know, Like he had a pension, which is very

586
00:29:15,960 --> 00:29:18,719
Speaker 1: rare because he worked for the City of Newark, and

587
00:29:18,800 --> 00:29:21,360
Speaker 1: so the paperwork for the pension is like you, it

588
00:29:21,360 --> 00:29:24,480
Speaker 1: doesn't even make sense. It's Latin, but somehow she speaks Latin,

589
00:29:24,720 --> 00:29:26,960
Speaker 1: so she knew, like even before they knew. She's like, no,

590
00:29:27,520 --> 00:29:29,680
Speaker 1: you are supposed to get this. This is supposed to

591
00:29:29,720 --> 00:29:32,080
Speaker 1: go for your stepdaughter. This is supposed to you know,

592
00:29:32,120 --> 00:29:35,240
Speaker 1: And so she just was. So it changed my tune

593
00:29:35,320 --> 00:29:39,120
Speaker 1: about financial advisors because I was reluctant even to hire

594
00:29:39,120 --> 00:29:41,920
Speaker 1: her because I just felt like, you're paying someone to

595
00:29:41,920 --> 00:29:44,080
Speaker 1: do something you could probably do yourself. But you know,

596
00:29:44,160 --> 00:29:46,720
Speaker 1: and I still think the average person, to real Meat's point,

597
00:29:46,720 --> 00:29:50,120
Speaker 1: doesn't necessarily need one, or if you do, start with

598
00:29:50,200 --> 00:29:52,280
Speaker 1: an hourly and just so you someone could look over

599
00:29:52,320 --> 00:29:54,840
Speaker 1: your things and you could say, oh, thanks for that information.

600
00:29:55,800 --> 00:29:58,320
Speaker 1: So Angelie doesn't just look at my personal finance. I've

601
00:29:58,320 --> 00:30:00,760
Speaker 1: also hired her to look at my you know, business things.

602
00:30:00,760 --> 00:30:02,400
Speaker 1: She's kind of like a last set of eyes because

603
00:30:02,400 --> 00:30:04,720
Speaker 1: she's a CPA as well, and so it allows me

604
00:30:04,760 --> 00:30:06,320
Speaker 1: to use it as a business expense, so I don't

605
00:30:06,320 --> 00:30:07,760
Speaker 1: even have to pay out a pocket for her, which

606
00:30:07,800 --> 00:30:10,959
Speaker 1: is great. But yeah, so that wasn't to me like

607
00:30:11,000 --> 00:30:13,120
Speaker 1: a I mean, I guess maybe financial advisors would be

608
00:30:13,160 --> 00:30:14,720
Speaker 1: mad but I'm trying to think anything else. I see

609
00:30:14,760 --> 00:30:17,640
Speaker 1: people because for me be on Twitter on fire, Okay,

610
00:30:18,000 --> 00:30:20,880
Speaker 1: he does not care. I love that because I am

611
00:30:20,920 --> 00:30:21,400
Speaker 1: somebody who.

612
00:30:21,360 --> 00:30:24,360
Speaker 3: Can say I am. I am pretty good at Twitter,

613
00:30:24,840 --> 00:30:28,160
Speaker 3: you are. I keep waiting for one day when there's

614
00:30:28,200 --> 00:30:31,160
Speaker 3: going to be an actually intelligent troll that comes after me.

615
00:30:31,320 --> 00:30:33,040
Speaker 3: I've been on it for about fifteen years, and I'm

616
00:30:33,080 --> 00:30:36,040
Speaker 3: like anybody out here, I'm waiting. You know what. I'll

617
00:30:36,040 --> 00:30:37,760
Speaker 3: tell you this though, because you know, the Internet rule

618
00:30:37,800 --> 00:30:39,800
Speaker 3: is like, don't respond to trolls, and I respond to

619
00:30:39,880 --> 00:30:42,680
Speaker 3: like every single one. But I'll tell you because it

620
00:30:42,800 --> 00:30:47,400
Speaker 3: keeps me sharp. I do like to hear the other perspective,

621
00:30:47,600 --> 00:30:50,320
Speaker 3: and it's true, Hey, maybe there are things I haven't considered.

622
00:30:51,080 --> 00:30:53,560
Speaker 3: Maybe there are elements of an argument that I haven't considered,

623
00:30:53,640 --> 00:30:57,320
Speaker 3: so I do want to hear that. What unfortunately turns

624
00:30:57,360 --> 00:30:59,360
Speaker 3: out to be the case is I just typically hear

625
00:30:59,440 --> 00:31:03,640
Speaker 3: from right wing anti vaxxers who think they're smart but

626
00:31:03,720 --> 00:31:07,440
Speaker 3: have never actually, you know, looked at a number or

627
00:31:07,440 --> 00:31:10,480
Speaker 3: a piece of data. So it becomes less interesting, although

628
00:31:10,560 --> 00:31:11,440
Speaker 3: quite entertaining.

629
00:31:12,440 --> 00:31:15,560
Speaker 2: Well, let's switch over. Let's talk about your your your

630
00:31:15,680 --> 00:31:18,840
Speaker 2: Netflix show. So when it came out.

631
00:31:18,840 --> 00:31:22,480
Speaker 1: I was like, amazing because i'd heard buzz through the

632
00:31:22,960 --> 00:31:24,920
Speaker 1: through the through the grape vine, you know, because when

633
00:31:24,960 --> 00:31:27,920
Speaker 1: Noe's doing the documentary.

634
00:31:26,960 --> 00:31:28,880
Speaker 3: And congratulations for that. By the way, I saw that,

635
00:31:28,920 --> 00:31:30,520
Speaker 3: you know, I reached out to you. I said, wow,

636
00:31:31,520 --> 00:31:34,120
Speaker 3: that was so cool. I was really happy for you. Yeah,

637
00:31:34,160 --> 00:31:34,480
Speaker 3: thank you.

638
00:31:34,560 --> 00:31:35,280
Speaker 2: No, it was a lot of fun.

639
00:31:35,320 --> 00:31:35,760
Speaker 3: I didn't think.

640
00:31:35,800 --> 00:31:36,160
Speaker 2: I don't know.

641
00:31:36,200 --> 00:31:38,120
Speaker 1: I wasn't sure if I want to tape something, just

642
00:31:38,160 --> 00:31:40,520
Speaker 1: because I was nervous.

643
00:31:40,120 --> 00:31:41,440
Speaker 2: Like, am I going to enjoy it? Is it going

644
00:31:41,480 --> 00:31:42,520
Speaker 2: to feel like too taxing?

645
00:31:42,560 --> 00:31:45,080
Speaker 1: On top of because you have a business too, you know,

646
00:31:45,120 --> 00:31:46,120
Speaker 1: you're already busy.

647
00:31:46,240 --> 00:31:48,280
Speaker 2: So I was nervous and it wasn't just me.

648
00:31:48,320 --> 00:31:51,520
Speaker 1: Obviously there was three other amazing financial educators, so it

649
00:31:51,560 --> 00:31:53,360
Speaker 1: didn't feel super overwhelming. I want to say it was

650
00:31:53,400 --> 00:31:56,200
Speaker 1: about a year and a half of taping. So how

651
00:31:56,200 --> 00:31:58,160
Speaker 1: did it come about? Was it something that they hit

652
00:31:58,240 --> 00:31:59,760
Speaker 1: you up? I mean, obviously I know it's like years

653
00:31:59,800 --> 00:32:02,080
Speaker 1: in the making typically, and i'd heard through the grapevine

654
00:32:02,080 --> 00:32:04,320
Speaker 1: that there was something that Netflix was coming up with,

655
00:32:04,360 --> 00:32:07,120
Speaker 1: which I'm so glad. You know that they put their

656
00:32:07,120 --> 00:32:09,800
Speaker 1: foot out there to say people want to see financial education,

657
00:32:09,960 --> 00:32:12,680
Speaker 1: like on you know, on this bigger scale.

658
00:32:12,840 --> 00:32:15,040
Speaker 2: So how did that come about? That that show?

659
00:32:16,120 --> 00:32:19,920
Speaker 3: Netflix emailed me? Okay, and I still remember where I was.

660
00:32:20,000 --> 00:32:24,840
Speaker 3: I still remember the email, and they reached out and said, hey,

661
00:32:25,040 --> 00:32:28,440
Speaker 3: we'd love to set up a meeting and discuss, you know,

662
00:32:28,480 --> 00:32:32,760
Speaker 3: some possibilities. Do you have representation or should we communicate directly?

663
00:32:33,480 --> 00:32:39,720
Speaker 3: And I remember going like, what's representation? I was not

664
00:32:39,920 --> 00:32:43,280
Speaker 3: mister Hollywood. I'm an internet guy, right, That's why I'm

665
00:32:43,280 --> 00:32:46,040
Speaker 3: good at Twitter. I know email, like, I've been on

666
00:32:46,080 --> 00:32:49,720
Speaker 3: the Internet for a long time, but I don't know

667
00:32:49,800 --> 00:32:52,360
Speaker 3: anything about Hollywood, especially at the point where this email

668
00:32:52,400 --> 00:32:55,320
Speaker 3: came in, so I actually didn't even believe it was

669
00:32:55,360 --> 00:32:57,440
Speaker 3: from them. I went up to the from line and

670
00:32:57,480 --> 00:33:00,760
Speaker 3: I clicked it so it would expand and said at

671
00:33:00,880 --> 00:33:05,480
Speaker 3: Netflix dot com. And I was shocked because often the

672
00:33:05,520 --> 00:33:09,840
Speaker 3: emails come from ambulance chasers and production companies and other folks,

673
00:33:09,960 --> 00:33:12,760
Speaker 3: but this was directly from the network. So I took

674
00:33:12,760 --> 00:33:17,360
Speaker 3: it downstairs. I took my phone. I showed my wife

675
00:33:17,520 --> 00:33:20,600
Speaker 3: and I was like, what do you like? I don't

676
00:33:20,640 --> 00:33:27,280
Speaker 3: even know what to say. And she's awesome because she said,

677
00:33:27,520 --> 00:33:29,400
Speaker 3: what do you think? And she just let me talk,

678
00:33:29,600 --> 00:33:35,880
Speaker 3: and I kind of talked out loud, okay, And here's

679
00:33:35,920 --> 00:33:37,680
Speaker 3: what I was feeling at the time. I was feeling

680
00:33:38,760 --> 00:33:43,800
Speaker 3: number one, really surprised. I never ever planned to be

681
00:33:44,400 --> 00:33:46,880
Speaker 3: a TV guy. Never. I never woke up saying I

682
00:33:46,880 --> 00:33:48,720
Speaker 3: want to be famous or I want to be on TV.

683
00:33:49,360 --> 00:33:53,240
Speaker 3: I just I like helping people live a rich life.

684
00:33:53,880 --> 00:33:59,240
Speaker 3: I like telling jokes online. I like my readers and

685
00:33:59,360 --> 00:34:01,600
Speaker 3: my students. I love them, and I love my team.

686
00:34:02,000 --> 00:34:04,880
Speaker 3: That's what I know. But I also know that I've

687
00:34:04,880 --> 00:34:08,040
Speaker 3: been doing this for twenty years and I know my

688
00:34:08,160 --> 00:34:11,520
Speaker 3: business pretty well. So at this point, it was it

689
00:34:11,560 --> 00:34:14,040
Speaker 3: made me nervous to even contemplate doing something where I

690
00:34:14,080 --> 00:34:16,239
Speaker 3: would lose some control, because once you do a show,

691
00:34:16,280 --> 00:34:18,719
Speaker 3: it's out of your control, you know. But at the

692
00:34:18,719 --> 00:34:20,840
Speaker 3: same time, it was like, Wow, I could take my

693
00:34:20,920 --> 00:34:24,400
Speaker 3: message to a massive audience. You know. I look around

694
00:34:24,400 --> 00:34:26,960
Speaker 3: on the street, whether I'm in La, New York wherever,

695
00:34:27,239 --> 00:34:30,320
Speaker 3: and most people don't know the concept of a rich life.

696
00:34:30,360 --> 00:34:32,880
Speaker 3: They don't know how I talk about it, and I

697
00:34:32,920 --> 00:34:35,640
Speaker 3: think they should. And so I said, all right, at

698
00:34:35,719 --> 00:34:37,919
Speaker 3: least I'm gonna take the call. I'm gonna take the call,

699
00:34:38,400 --> 00:34:41,279
Speaker 3: and I got on a call with them, and they

700
00:34:41,280 --> 00:34:43,600
Speaker 3: were very pleasant, they were very flattering. They're like, we

701
00:34:43,680 --> 00:34:47,239
Speaker 3: know your work. You know, we read your book in

702
00:34:47,280 --> 00:34:49,680
Speaker 3: the office. In fact, we hand it around. And I

703
00:34:49,680 --> 00:34:52,399
Speaker 3: was like, let me stop you right there. Whatever deal

704
00:34:52,440 --> 00:34:57,319
Speaker 3: we were going to do, the price just quadrupled. And

705
00:34:57,360 --> 00:34:59,200
Speaker 3: they were laughing. But in my head, I was like,

706
00:34:59,239 --> 00:35:03,760
Speaker 3: but I'm not kidding. So you know what, I realized

707
00:35:03,800 --> 00:35:06,240
Speaker 3: the whole time, the whole time, starting from that call

708
00:35:06,560 --> 00:35:09,680
Speaker 3: through even right now, I said, if I'm gonna do this,

709
00:35:09,719 --> 00:35:12,960
Speaker 3: I'm gonna have funk. And if I'm having fun, everybody

710
00:35:13,040 --> 00:35:16,600
Speaker 3: else is having fun. And that's my motto. Now I'm

711
00:35:16,640 --> 00:35:20,279
Speaker 3: forty years old, I'm gonna have fun doing big projects.

712
00:35:20,480 --> 00:35:22,560
Speaker 3: And you know that shows. It shows when I'm on

713
00:35:22,640 --> 00:35:25,680
Speaker 3: screen because I'm actually having fun with my guests, even

714
00:35:25,719 --> 00:35:28,360
Speaker 3: when they're you know, being a little nutty, I'm having

715
00:35:28,400 --> 00:35:31,919
Speaker 3: fun and then they're having fun. And that's that's where

716
00:35:31,960 --> 00:35:34,400
Speaker 3: I think that I want to go, you know, with

717
00:35:34,480 --> 00:35:35,239
Speaker 3: the work that I do.

718
00:35:36,000 --> 00:35:38,120
Speaker 2: So how many how long was the taping? Was it

719
00:35:38,160 --> 00:35:39,440
Speaker 2: like a year and a half, two years?

720
00:35:40,640 --> 00:35:42,719
Speaker 3: It took okay, so it took a while for us

721
00:35:42,880 --> 00:35:46,560
Speaker 3: to solidify the deal, and I was loving it because

722
00:35:47,080 --> 00:35:48,560
Speaker 3: I was like, take as much time as you need,

723
00:35:48,640 --> 00:35:50,480
Speaker 3: more time for me to get in shape, more time

724
00:35:50,480 --> 00:35:54,080
Speaker 3: for me to fix my website. I was like, yeah, no, rush, no, rush.

725
00:35:54,160 --> 00:35:56,360
Speaker 3: I was taking two three days to respond to emails.

726
00:35:56,360 --> 00:36:00,040
Speaker 3: I was like, no, let's slow it down. And so

727
00:36:00,080 --> 00:36:03,759
Speaker 3: we find So we finally we finally got a date

728
00:36:04,480 --> 00:36:06,880
Speaker 3: we're gonna start shooting. My wife is a personal stylist,

729
00:36:07,160 --> 00:36:10,200
Speaker 3: so she agreed to help style me for the entire show.

730
00:36:10,239 --> 00:36:14,000
Speaker 3: And I remember going in. I was getting some pants made.

731
00:36:14,080 --> 00:36:16,239
Speaker 3: I really love clothes, by the way, so I love

732
00:36:16,320 --> 00:36:19,160
Speaker 3: spending money on clothes. I have a few things I

733
00:36:19,200 --> 00:36:21,800
Speaker 3: call money dials, the things where I really love spending

734
00:36:21,800 --> 00:36:24,040
Speaker 3: and turning that dial up. We all have money dials.

735
00:36:24,360 --> 00:36:26,480
Speaker 3: One of mine is clothes. So I went in to

736
00:36:26,520 --> 00:36:30,439
Speaker 3: get these pants made and I was They're like, okay,

737
00:36:30,520 --> 00:36:34,160
Speaker 3: let's measure you. I'm like, listen, I'm gonna drop this

738
00:36:34,320 --> 00:36:37,600
Speaker 3: much weight before the shooting, so I need you to

739
00:36:37,680 --> 00:36:40,440
Speaker 3: alter the like make sure that you adjust. And they

740
00:36:40,480 --> 00:36:43,759
Speaker 3: looked at me like like kind of like pity. They're like,

741
00:36:43,880 --> 00:36:46,879
Speaker 3: this guy's so delusionable. Oh my gosh, he really thinks

742
00:36:46,880 --> 00:36:49,560
Speaker 3: he's gonna lose, Like and I was like, listen, just

743
00:36:49,560 --> 00:36:51,320
Speaker 3: make the pants away. I'm saying, Okay, I know exactly

744
00:36:51,360 --> 00:36:53,560
Speaker 3: what I'm gonna do because I'm a professional. I've done

745
00:36:53,560 --> 00:36:56,200
Speaker 3: this before. I know what it takes. I have a trainer.

746
00:36:56,640 --> 00:36:58,719
Speaker 3: So I came back in a few months later. They

747
00:36:58,760 --> 00:37:01,319
Speaker 3: had made the pants as I quested, and just to

748
00:37:01,360 --> 00:37:03,160
Speaker 3: mess with them, I went in the fitting room and

749
00:37:03,200 --> 00:37:05,680
Speaker 3: then I was like, oh my god, it doesn't fit

750
00:37:05,760 --> 00:37:09,640
Speaker 3: at all, and everyone there's like eight people tailors, all

751
00:37:09,640 --> 00:37:12,360
Speaker 3: these people from Italy, just to mess with them, and

752
00:37:12,360 --> 00:37:14,759
Speaker 3: then I came out and it fit perfectly, So again

753
00:37:14,800 --> 00:37:19,200
Speaker 3: I'm having fun. In terms of shooting, we shot principal

754
00:37:19,239 --> 00:37:23,080
Speaker 3: shooting for about four months. That was all around the country. Yeah,

755
00:37:23,120 --> 00:37:26,600
Speaker 3: all around the country, fourteen hour days, very busy, very intense.

756
00:37:26,640 --> 00:37:29,239
Speaker 3: I've never worked as intensely as on that. It was

757
00:37:29,280 --> 00:37:32,680
Speaker 3: actually really fun, very exhilarating. And then we did about

758
00:37:32,680 --> 00:37:37,080
Speaker 3: five months in post and then it was ready to go.

759
00:37:38,080 --> 00:37:40,399
Speaker 2: Is it has your life like exploded? Because I saw

760
00:37:40,440 --> 00:37:41,440
Speaker 2: your book.

761
00:37:41,640 --> 00:37:45,520
Speaker 1: Was like number one on Amazon, which just for contact y'all.

762
00:37:46,120 --> 00:37:49,120
Speaker 1: At any given moment, there's like a million plus books

763
00:37:49,120 --> 00:37:51,000
Speaker 1: being sold in Amazon, like.

764
00:37:51,160 --> 00:37:52,920
Speaker 3: Well, Cynthy as far as I'm concerned. There's only two

765
00:37:52,960 --> 00:37:55,080
Speaker 3: books yours and mine on Amazon. They're the only ones

766
00:37:55,120 --> 00:37:55,479
Speaker 3: that matter.

767
00:37:56,320 --> 00:37:59,600
Speaker 1: But I was like, because I'm like a stalker of

768
00:37:59,680 --> 00:38:01,319
Speaker 1: like sessful people. So I'm always like, you know, just

769
00:38:01,360 --> 00:38:03,040
Speaker 1: low key, I just be checking people's numbers. They don't

770
00:38:03,040 --> 00:38:06,000
Speaker 1: even know me. I'm like, I do because I want to.

771
00:38:05,960 --> 00:38:07,239
Speaker 2: Know, Like, what's what's tea?

772
00:38:07,400 --> 00:38:10,200
Speaker 1: I'm like, huh interesting if it was and then islow,

773
00:38:10,280 --> 00:38:11,760
Speaker 1: I'm always slightly judging.

774
00:38:11,760 --> 00:38:12,919
Speaker 2: Oof it was me, I would have done.

775
00:38:12,840 --> 00:38:16,399
Speaker 1: That, Like I was like, or I'm like, really, like,

776
00:38:16,480 --> 00:38:18,600
Speaker 1: to me, my biggest pet peeve. If somebody has a book,

777
00:38:18,840 --> 00:38:20,839
Speaker 1: let's just say it's called you know, I Walk the Dog,

778
00:38:21,480 --> 00:38:23,759
Speaker 1: you know, and like you you're telling the people buy

779
00:38:23,840 --> 00:38:26,399
Speaker 1: my book everywhere books are sold. I'm like, you mean,

780
00:38:26,880 --> 00:38:29,319
Speaker 1: why don't you own I walkd thedog dot com or

781
00:38:29,360 --> 00:38:31,719
Speaker 1: I walk thedogbook dot com. I mean, for the love

782
00:38:31,760 --> 00:38:33,480
Speaker 1: of God, make it easy for me to find it.

783
00:38:33,719 --> 00:38:35,719
Speaker 1: And so like, I just love to see when someone

784
00:38:35,800 --> 00:38:37,719
Speaker 1: took to your point. I don't know how many people

785
00:38:37,719 --> 00:38:39,880
Speaker 1: would have had this thing happen and not had anything

786
00:38:39,920 --> 00:38:42,719
Speaker 1: ready or I was ready when And that was just

787
00:38:42,840 --> 00:38:43,440
Speaker 1: a part.

788
00:38:43,239 --> 00:38:46,080
Speaker 2: Of a documentary. I mean, like we updated the side.

789
00:38:46,360 --> 00:38:49,400
Speaker 1: I captured so many emails, so many because you're like

790
00:38:49,440 --> 00:38:51,719
Speaker 1: you're like you're an online person saying and so like

791
00:38:51,840 --> 00:38:54,479
Speaker 1: how I mean I saw for my own self how

792
00:38:54,560 --> 00:38:58,680
Speaker 1: your journal like sold out everywhere, how your book just

793
00:38:58,880 --> 00:39:03,000
Speaker 1: explode did but like what other kind of like I'm

794
00:39:03,000 --> 00:39:05,640
Speaker 1: sure those are things you expected, anything unexpected where you

795
00:39:05,680 --> 00:39:07,760
Speaker 1: were like whoa, like will you walk.

796
00:39:07,640 --> 00:39:08,399
Speaker 2: Down the street now?

797
00:39:08,440 --> 00:39:10,719
Speaker 1: Like were you like, hey, is that remat before? And

798
00:39:10,920 --> 00:39:12,800
Speaker 1: they're like it's definitely remat now.

799
00:39:13,440 --> 00:39:16,960
Speaker 3: Yeah. I think a lot of things change in a

800
00:39:17,000 --> 00:39:22,440
Speaker 3: really positive way. I'm very thankful for it. So my

801
00:39:22,600 --> 00:39:26,040
Speaker 3: podcast called I Will Teach You to Be Rich that

802
00:39:26,080 --> 00:39:30,400
Speaker 3: went to number five on all of Apple and what. Yeah,

803
00:39:30,440 --> 00:39:35,920
Speaker 3: that was like shocking and it's just attracted so many people,

804
00:39:36,160 --> 00:39:40,360
Speaker 3: which is amazing. Of course, you know, we had the

805
00:39:40,360 --> 00:39:43,480
Speaker 3: stuff that we expected, lots of people come to the website,

806
00:39:43,560 --> 00:39:46,360
Speaker 3: lots of people following us on social, joining our email newsletter.

807
00:39:46,440 --> 00:39:49,800
Speaker 3: I love all that. I think the podcast was really surprising.

808
00:39:50,120 --> 00:39:52,880
Speaker 3: And I'll tell you something else. You know, I've I

809
00:39:52,920 --> 00:39:54,560
Speaker 3: lived in Europe for a long time, so people would

810
00:39:54,600 --> 00:39:56,560
Speaker 3: recognize me if I was out on a Saturday I

811
00:39:56,600 --> 00:39:59,759
Speaker 3: would definitely get recognized a few times. That number has exploded,

812
00:40:00,160 --> 00:40:02,880
Speaker 3: so a lot of people coming up, but also the

813
00:40:03,120 --> 00:40:07,480
Speaker 3: type of people coming up to me incredibly diverse. Incredibly

814
00:40:07,719 --> 00:40:10,280
Speaker 3: I'm walking in the Lower east Side, I'm getting people

815
00:40:10,680 --> 00:40:13,040
Speaker 3: coming up to me. I'm walking on the Upper east Side,

816
00:40:13,200 --> 00:40:15,520
Speaker 3: Upper West I'm getting different types of people coming up

817
00:40:15,520 --> 00:40:21,240
Speaker 3: to me, people that I did not get coming up before.

818
00:40:21,920 --> 00:40:24,480
Speaker 3: There's some people who are just never going to follow

819
00:40:25,000 --> 00:40:29,080
Speaker 3: a newsletter or social media about money, but they'll watch

820
00:40:29,120 --> 00:40:31,279
Speaker 3: it on How to Get Rich on Netflix, and so

821
00:40:31,320 --> 00:40:35,040
Speaker 3: I'm thankful for that. And they're always They're always really nice,

822
00:40:35,080 --> 00:40:38,640
Speaker 3: they have the best stories, they're super thankful. They'll say

823
00:40:38,840 --> 00:40:41,000
Speaker 3: like one it's like comical because I'll be walking with

824
00:40:41,040 --> 00:40:46,000
Speaker 3: my wife and someone will be like thank you, and

825
00:40:46,040 --> 00:40:49,120
Speaker 3: I'm like, that's like pretty dramatic, like all right, thank you.

826
00:40:50,760 --> 00:40:53,080
Speaker 3: But it reminds me because I don't go up to celebrities.

827
00:40:53,120 --> 00:40:55,000
Speaker 3: If I see anyone who I think is a celebrity,

828
00:40:55,040 --> 00:40:57,440
Speaker 3: I'm like, oh, what am I gonna say? I don't

829
00:40:57,480 --> 00:40:59,080
Speaker 3: want to be a door, so I just walk right

830
00:40:59,120 --> 00:41:02,560
Speaker 3: past him. And on the only celebrity I ever went

831
00:41:02,640 --> 00:41:06,520
Speaker 3: up to was this guy Marcus Lamonis. He's on CNBC

832
00:41:06,880 --> 00:41:10,200
Speaker 3: The Prophet and I like him a lot. And I

833
00:41:10,239 --> 00:41:12,520
Speaker 3: saw him this at this burger place that I went

834
00:41:12,560 --> 00:41:15,720
Speaker 3: to and I was like, oh my god, it's Marcus Lamonas.

835
00:41:15,920 --> 00:41:17,120
Speaker 3: And my wife's like, you got to go take a

836
00:41:17,160 --> 00:41:18,760
Speaker 3: picture with him. I'm like, no, I can't.

837
00:41:18,960 --> 00:41:19,480
Speaker 2: I can't.

838
00:41:19,680 --> 00:41:21,000
Speaker 3: And he was in a place like it was a

839
00:41:21,040 --> 00:41:23,239
Speaker 3: public place. He was meant to be greeted. He was

840
00:41:24,000 --> 00:41:26,360
Speaker 3: promoting one of his businesses. So I went up to

841
00:41:26,440 --> 00:41:29,640
Speaker 3: him and I was sweating, and I was like, Marcus,

842
00:41:29,840 --> 00:41:32,640
Speaker 3: I'm such a fan. I watch your show every week,

843
00:41:32,960 --> 00:41:35,120
Speaker 3: and then I can I get a photo? And I

844
00:41:35,160 --> 00:41:38,719
Speaker 3: did exactly what other people do, so you know what,

845
00:41:38,960 --> 00:41:41,600
Speaker 3: I turned into like a blubbering idiot. And that's why

846
00:41:41,600 --> 00:41:44,040
Speaker 3: I have so much respect for anyone who comes up yes,

847
00:41:44,280 --> 00:41:47,000
Speaker 3: because I'm like, that takes a lot of courage. I

848
00:41:47,040 --> 00:41:50,120
Speaker 3: don't have that courage. So anyway, thanks to everyone who

849
00:41:50,160 --> 00:41:51,840
Speaker 3: watches and listens and follows.

850
00:41:51,960 --> 00:41:52,360
Speaker 2: I love that.

851
00:41:52,360 --> 00:41:54,560
Speaker 1: Honestly, that's probably my favorite thing because I'm at people person,

852
00:41:54,640 --> 00:41:56,360
Speaker 1: so I love that people come up there. I mean,

853
00:41:56,600 --> 00:41:59,719
Speaker 1: my audience is largely black women, and they're just like

854
00:41:59,719 --> 00:42:01,239
Speaker 1: the bat because.

855
00:42:00,960 --> 00:42:03,279
Speaker 2: They're like, girl, I love you. Girl, I'm like love

856
00:42:03,280 --> 00:42:05,239
Speaker 2: you too, and so they're so supportive.

857
00:42:05,600 --> 00:42:08,040
Speaker 1: So every once in a while, though it won't be

858
00:42:09,160 --> 00:42:11,000
Speaker 1: like it'll be a white guy that comes up to me,

859
00:42:11,040 --> 00:42:12,279
Speaker 1: and I'm always shocked.

860
00:42:11,960 --> 00:42:15,440
Speaker 3: Like, what, that's cool, But how did you find me?

861
00:42:15,480 --> 00:42:18,879
Speaker 2: Timothy? Is your wife?

862
00:42:18,960 --> 00:42:23,120
Speaker 3: Black Timothy goes I listened to Brown Ambition and you'd

863
00:42:23,120 --> 00:42:24,160
Speaker 3: be surprised.

864
00:42:23,800 --> 00:42:24,480
Speaker 2: I honestly.

865
00:42:24,880 --> 00:42:28,279
Speaker 1: So that's been happening more and more like which is

866
00:42:29,160 --> 00:42:31,560
Speaker 1: so crazy, because I mean, I always I don't turn

867
00:42:31,600 --> 00:42:34,799
Speaker 1: anyone away, you know, but I started this work specifically

868
00:42:34,800 --> 00:42:37,600
Speaker 1: because I'm like, there's a gap here and I needed this,

869
00:42:37,680 --> 00:42:39,960
Speaker 1: and so yeah, no, I think that is definitely my

870
00:42:39,960 --> 00:42:42,160
Speaker 1: favorite part. It's just like knowing that your work is

871
00:42:42,200 --> 00:42:45,400
Speaker 1: getting out there and people who likely would not normally

872
00:42:45,440 --> 00:42:47,399
Speaker 1: be touched and moved by it get moved and touched

873
00:42:47,400 --> 00:42:48,200
Speaker 1: by So I love that.

874
00:42:48,320 --> 00:42:51,239
Speaker 3: I love that, and I also I also love the representation.

875
00:42:51,440 --> 00:42:54,320
Speaker 3: Like when I was in Vegas recently and there was

876
00:42:54,360 --> 00:42:57,920
Speaker 3: an Indian family that came up to me and I

877
00:42:57,960 --> 00:43:01,480
Speaker 3: just loved it because they there were two parents and

878
00:43:01,960 --> 00:43:07,440
Speaker 3: they had their son and daughter. And when I grew up,

879
00:43:08,080 --> 00:43:10,560
Speaker 3: when I was a kid, there were no Indian superheroes

880
00:43:10,800 --> 00:43:14,359
Speaker 3: that I knew of superhero was like Clark Kent, white

881
00:43:14,400 --> 00:43:19,680
Speaker 3: guy with big muscles, and I didn't see anyone who

882
00:43:19,719 --> 00:43:24,080
Speaker 3: looked like me. And you know, we know what representation

883
00:43:24,280 --> 00:43:27,160
Speaker 3: is and why it matters, but as a kid, you

884
00:43:27,200 --> 00:43:31,640
Speaker 3: don't realize. You just internalize, like, oh, it's big white

885
00:43:31,680 --> 00:43:36,040
Speaker 3: guys that have muscles. But me, I do spelling bees. Okay,

886
00:43:36,080 --> 00:43:38,400
Speaker 3: And I did spelling bees and I dominated and that

887
00:43:38,560 --> 00:43:42,320
Speaker 3: was great. But it wasn't until my twenties where I

888
00:43:42,400 --> 00:43:46,200
Speaker 3: finally realized if I want to change my body, I can't.

889
00:43:46,800 --> 00:43:49,080
Speaker 3: And I can learn how to eat differently and work

890
00:43:49,080 --> 00:43:51,680
Speaker 3: out differently, and I can get help from friends and

891
00:43:51,719 --> 00:43:55,160
Speaker 3: trainers and stuff like that. So I think it's cool.

892
00:43:55,320 --> 00:43:57,319
Speaker 3: I love seeing this Indian family come up and say

893
00:43:57,320 --> 00:44:00,600
Speaker 3: hello and take a picture because their kids, who were

894
00:44:00,640 --> 00:44:05,000
Speaker 3: probably twelve, see a guy they go this, this Indian

895
00:44:05,000 --> 00:44:09,279
Speaker 3: guy's on TV. He looks like me, you know, he

896
00:44:09,960 --> 00:44:13,440
Speaker 3: Maybe I can do that. Maybe the possibilities are bigger

897
00:44:13,880 --> 00:44:15,840
Speaker 3: than what I had realized for myself. So to me,

898
00:44:15,920 --> 00:44:20,080
Speaker 3: that's like a very very meaningful part of doing what

899
00:44:20,120 --> 00:44:20,480
Speaker 3: I do.

900
00:44:20,960 --> 00:44:23,120
Speaker 2: I just think too, I think because I'm sure you're

901
00:44:23,280 --> 00:44:24,720
Speaker 2: you know, I know that.

902
00:44:26,040 --> 00:44:28,759
Speaker 1: The parenting in the Indian household is very similar to

903
00:44:28,800 --> 00:44:31,279
Speaker 1: parenting in the African household, which is you have a

904
00:44:31,280 --> 00:44:35,880
Speaker 1: few professions. You can do doctor, lawyer, engineer, pharmacist or

905
00:44:36,000 --> 00:44:37,680
Speaker 1: drug dealer. Because that's my dad thought. He was like

906
00:44:37,719 --> 00:44:40,000
Speaker 1: anything else, you're clearly dealing drugs. I'm like, but I'm

907
00:44:40,000 --> 00:44:44,680
Speaker 1: a teacher. He was like, drugs, drugs a disappointment.

908
00:44:44,760 --> 00:44:47,240
Speaker 3: I'm like, what amazing?

909
00:44:47,760 --> 00:44:51,240
Speaker 1: But now I'm one of five girls.

910
00:44:51,280 --> 00:44:53,200
Speaker 2: And Lisa's the baby, although not a baby, she's in

911
00:44:53,239 --> 00:44:54,000
Speaker 2: her early thirties.

912
00:44:54,239 --> 00:44:56,040
Speaker 1: My mom was telling her the other day because Lisa

913
00:44:56,160 --> 00:44:58,000
Speaker 1: is a typical baby, like, oh, this job.

914
00:44:57,840 --> 00:44:58,279
Speaker 2: This job.

915
00:44:58,640 --> 00:45:01,360
Speaker 1: And my mom was like, listen, why don't you so

916
00:45:01,440 --> 00:45:03,719
Speaker 1: my African name is Aduci. Why don't you do like

917
00:45:03,719 --> 00:45:08,520
Speaker 1: aduci and started business. I was like, who are you

918
00:45:08,520 --> 00:45:08,920
Speaker 1: a woman?

919
00:45:09,360 --> 00:45:09,600
Speaker 2: Yeah?

920
00:45:09,600 --> 00:45:13,040
Speaker 1: Because that, I mean, the fact that that's even on

921
00:45:13,080 --> 00:45:16,480
Speaker 1: the table now, I mean, you know, like I just

922
00:45:16,520 --> 00:45:20,200
Speaker 1: couldn't believe. So I love that there are you know,

923
00:45:20,560 --> 00:45:22,439
Speaker 1: Indian kids that are going to be able to point

924
00:45:22,440 --> 00:45:24,400
Speaker 1: to you to say I actually don't have to be

925
00:45:24,440 --> 00:45:26,920
Speaker 1: a doctor. Mom, Dad like, look a re meat, Like

926
00:45:27,200 --> 00:45:29,359
Speaker 1: there is success in other areas, and we understand why

927
00:45:29,400 --> 00:45:31,560
Speaker 1: our parents did that because they know it's not easy

928
00:45:31,560 --> 00:45:34,279
Speaker 1: being broad in this country. There are certain professions that

929
00:45:34,640 --> 00:45:38,279
Speaker 1: can that can provide like safety for you or like

930
00:45:38,320 --> 00:45:40,759
Speaker 1: you know, professional success for you. But you get to

931
00:45:40,840 --> 00:45:44,560
Speaker 1: widen that scope and they can say there's wild success,

932
00:45:44,600 --> 00:45:45,800
Speaker 1: you know in other areas.

933
00:45:45,800 --> 00:45:46,319
Speaker 2: So I love that.

934
00:45:46,560 --> 00:45:50,120
Speaker 1: So, yeah, really, thank you so much for coming on.

935
00:45:50,200 --> 00:45:52,080
Speaker 1: You're awesome sauces. Where can the people find you? Can

936
00:45:52,120 --> 00:45:54,359
Speaker 1: you share like your your Netflix again, your book again,

937
00:45:54,440 --> 00:45:55,640
Speaker 1: and anything else you want to share.

938
00:45:55,800 --> 00:45:59,400
Speaker 3: Yeah, So if you are listening to this, you you

939
00:45:59,480 --> 00:46:02,480
Speaker 3: might also like my podcast where I bring couples on

940
00:46:03,200 --> 00:46:06,200
Speaker 3: and you can actually see them. You can see their

941
00:46:06,200 --> 00:46:09,280
Speaker 3: faces on YouTube, and I insist that they share all

942
00:46:09,320 --> 00:46:12,160
Speaker 3: of their numbers. So you hear a couple with eight

943
00:46:12,280 --> 00:46:15,240
Speaker 3: hundred thousand dollars of debt, they're concerned they can't afford

944
00:46:15,280 --> 00:46:18,719
Speaker 3: to have children. You hear another couple where twenty one

945
00:46:18,760 --> 00:46:21,560
Speaker 3: years marriage, she's about to divorce him because he's too cheap.

946
00:46:21,800 --> 00:46:25,640
Speaker 3: They're net worth thirteen million dollars. Yeah, you get to

947
00:46:25,680 --> 00:46:28,640
Speaker 3: actually listen in on couples with all over all of

948
00:46:28,680 --> 00:46:33,560
Speaker 3: the socioeconomic spectrum, all different kinds talking about real money issues.

949
00:46:33,600 --> 00:46:35,960
Speaker 3: That's called I Will Teach You to Be Rich. My

950
00:46:36,080 --> 00:46:38,120
Speaker 3: book I Will Teach You to Be Rich. You can

951
00:46:38,120 --> 00:46:41,680
Speaker 3: find that on Amazon, you can find it at any

952
00:46:41,680 --> 00:46:45,319
Speaker 3: bookstore including Barnes and Noble. And then of course the

953
00:46:45,400 --> 00:46:49,160
Speaker 3: show How to Get Rich that's on Netflix and you

954
00:46:49,200 --> 00:46:50,600
Speaker 3: can stream that anywhere in the world.

955
00:46:51,400 --> 00:46:54,520
Speaker 1: So we had an awesome show, But stick around, guys,

956
00:46:54,840 --> 00:46:57,040
Speaker 1: listen to the next show that will come out on Friday,

957
00:46:57,040 --> 00:47:01,520
Speaker 1: because Meat's gonna stay and do some ba q a.

958
00:47:01,520 --> 00:47:02,960
Speaker 1: All right until next week, y'all.

959
00:47:02,960 --> 00:47:05,120
Speaker 2: Bye, hey, ba fam.

960
00:47:05,160 --> 00:47:08,040
Speaker 1: We could not do this show without your support or

961
00:47:08,080 --> 00:47:10,120
Speaker 1: the support of our team behind the scenes.

962
00:47:10,480 --> 00:47:13,799
Speaker 3: The Brown Ambition Podcast is produced by Imani Crosby and

963
00:47:13,880 --> 00:47:16,520
Speaker 3: Dennis Stanplinsky is our in house tech guru.

964
00:47:17,040 --> 00:47:19,600
Speaker 2: I am your co host Mandy Woodrif Santos, and we

965
00:47:19,680 --> 00:47:24,120
Speaker 2: will see y'all next week, ba Fam.