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Speaker 1: all you need.

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Speaker 2: My graduates from my school being forced back drop bag.

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Speaker 3: Drop, Mike, drop back drop.

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Speaker 4: Shout to all the ernest. Yo, let's get start, man,

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Speaker 4: we got a lot to get over. Get through obviously. Man,

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Speaker 4: this this is incredible. Whoever thought the EYL would take

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Speaker 4: it this fall?

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Speaker 3: Right?

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Speaker 4: This is incredible. Shout everybody that's in the building right now,

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Speaker 4: clapping up for yourselves.

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Speaker 3: Don't clap it up for yourself, set up for yourself.

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Speaker 4: Look, this is gonna be an interesting conversation. It's gonna

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Speaker 4: be full of a lot of information. So if you

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Speaker 4: got your pen, your pad, your iPad, whatever you're doing,

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Speaker 4: I would take it out now and get ready. My brothers,

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Speaker 4: we had a great conversation earlier, and I'm like, look,

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Speaker 4: let's give them something we've never given them before. Let's

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Speaker 4: open the game up. Everybody came here from their respective

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Speaker 4: homes to get information, and so that's what we're gonna

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Speaker 4: put out to the yunger with that.

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Speaker 3: Absolutely yeah.

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Speaker 5: Man.

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Speaker 4: So obviously two three years ago, I'm not sure that

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Speaker 4: this could have happened, right, and so this is pretty

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Speaker 4: incredible that financial literacy has packed south by Southwest. I

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Speaker 4: want to know your thoughts on the trajectory of financial literacy,

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Speaker 4: since you guys have been seeing this over the past

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Speaker 4: two to three four years and we go aheaded with us.

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Speaker 2: So before we start, I want to say something. I

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Speaker 2: need everybody to say. Wall Street looks like US now.

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Speaker 2: Wall Street looks like US now, Like I need you

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Speaker 2: to say it and believe it. Wall Street looks like us. Now, okay,

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Speaker 2: y'all believe it.

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Speaker 3: That's a lot. That's I heard y'all since I've been here.

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Speaker 2: So for me, you know, financial literacy is just understanding

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Speaker 2: how to play the game the way that America plays

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Speaker 2: the game. If you allow them, if you give them

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Speaker 2: permission to feed you, then you get them permission to

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Speaker 2: starve you.

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Speaker 3: You know what I'm saying.

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Speaker 2: And I don't know about y'all, but I don't give

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Speaker 2: nobody that permission. So the goal for me, and when

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Speaker 2: I look at financial literacy is how do I won

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Speaker 2: play the game like America player.

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Speaker 3: Which is the stock market? Right? Too? How do you buy?

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Speaker 3: And then three how do you use credit?

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Speaker 2: If you use those three things, you have now created

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Speaker 2: a triangle offense, right, And so we got to get

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Speaker 2: rid of the toxic relationships we have with money. Right,

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Speaker 2: We got toxic relationships with money. One thing I've learned

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Speaker 2: on my journey was that it's a stat that the

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Speaker 2: average person spends the dollar and twenty five cent for

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Speaker 2: every dollar they make. So you think about every time

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Speaker 2: you make four dollars, you already spent five, right, that's

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Speaker 2: a recipe for staying in poverty. Right, So for me,

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Speaker 2: financial literacy is the gateway to where we gotta go

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Speaker 2: at right. I don't know about y'all, but it ain't

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Speaker 2: fun being broke, right, y'all was homeless.

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Speaker 3: It wasn't nothing fun about that.

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Speaker 2: But somebody telling me act like I'm broke, I'd be like,

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Speaker 2: hell no, I want to.

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Speaker 3: Act like that. I live that shit cool, you know

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Speaker 3: what I'm saying.

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Speaker 2: So for me, it's always like using financial literacy as

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Speaker 2: the key that unlocks the doors and the potential for

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Speaker 2: all of us.

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Speaker 3: Man flipping up for my.

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Speaker 5: Guy and for me, I just want to make sure

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Speaker 5: that we're getting the right information because all of a sudden,

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Speaker 5: there's a lot of people that want to talk about

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Speaker 5: it that are not that don't have the best intention

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Speaker 5: for you.

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Speaker 3: Guys, please remember this.

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Speaker 5: Anyone that is trying to help you financially, make them

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Speaker 5: make you money first.

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Speaker 3: Before you do anything. That's why we do market mondays.

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Speaker 5: You see them on IG Live every day, shows Ellen clapping.

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Speaker 3: Up for him. Right.

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Speaker 5: If a person truly and ladies, you know this more

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Speaker 5: than anything, Right, if a person really wants to help you,

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Speaker 5: they'll help you without receiving anything on the back end

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Speaker 5: at all a lot of times when people are coming

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Speaker 5: to help but they need something on the back end,

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Speaker 5: it's because they want to finesse you out of something.

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Speaker 5: My job is to give you the most and if

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Speaker 5: I decide to run for president, which I want or

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Speaker 5: something like, Man, he pretty damn cool. He ran a

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Speaker 5: little bit with the pineapple juice, bututher than that, he's straight.

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Speaker 5: So I'm here to make you money. And the financial

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Speaker 5: literally splace is gonna grow because I think we're tired

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Speaker 5: of being So.

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Speaker 3: Are you leading for leading to financial literacy stage? Man,

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Speaker 3: that's that powerful words. I appreciate those.

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Speaker 4: Here's the thing right Obviously, twenty twenty two was come

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Speaker 4: stock market, which is something that we've invested in. It

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Speaker 4: show A Hans who's invested in stop market right now.

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Speaker 4: We've had an amazing Yeah, shout out to everybody that's

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Speaker 4: in it.

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Speaker 3: Right.

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Speaker 4: So, we've seen the SMP crumbled double digit percent losses,

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Speaker 4: we've seen the Dow double digit percent losses. We've seen

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Speaker 4: the NASSAC when we always talk about tech actually becoming

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Speaker 4: a bare territory, so they're over twenty percent losses and

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Speaker 4: so A lot of us, including myself, we're thinking to

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Speaker 4: ourselfs like is this the time to invest?

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Speaker 3: How do we invest? Where should we be investing?

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Speaker 4: And trap one of the things you told me early on,

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Speaker 4: I think the first time we met it was like, look,

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Speaker 4: you always made.

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Speaker 3: More money in the drought.

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Speaker 4: Fact, so what should we be looking at if we're

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Speaker 4: investing now or if we're like on the teeter of

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Speaker 4: the fence, like you know what I want to get

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Speaker 4: into markets? They told me on market money is hey,

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Speaker 4: when it's red, we shouldn't be scared, right, we should

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Speaker 4: be bullished when that happens. But when we see these downtrends,

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Speaker 4: just continuous and right, we've seen five to six weeks

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Speaker 4: of downturn, what do we do when we see these

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Speaker 4: type of things happening?

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Speaker 2: So that is it's true you make more money in

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Speaker 2: a drought, right, So it's when everything is scarce. So

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Speaker 2: for me, I'm looking at one legal dope dealers. I'm

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Speaker 2: just keeping the honey. I stick to who I am. Yeah,

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Speaker 2: it ain't changing. So people like Eli Lilly, who the

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Speaker 2: biggest insulin deal in the world, Right, they up thirty

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Speaker 2: four percent in a year, Like that's that's unprecedented right

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Speaker 2: now without being a tech company.

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Speaker 3: Right.

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Speaker 2: So I love like producers of pharmaceuticals, right, but only

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Speaker 2: something that you can understand.

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Speaker 3: That's first and foremost. Another thing I love is industrial.

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Speaker 2: So when you look at somebody like Waste Management, right,

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Speaker 2: that's a company that, no matter what's going on in economy,

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Speaker 2: we won't get rid of trash.

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Speaker 3: Right. America is the number one country of.

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Speaker 2: Disposable stuff, right, so we waste more than anybody, right

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Speaker 2: because everything is in abundance. So a company like Waste Management, like,

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Speaker 2: I love that, right. But then also I'm a forward thinker, right,

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Speaker 2: so I'm looking at how do we use money and

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Speaker 2: how is that industry changing? So if everybody know trap,

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Speaker 2: you know I love fintech, right, even though it's taking

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Speaker 2: a beating right now, we still can look at it

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Speaker 2: and say, okay, check this out.

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Speaker 3: My brother he loves Square like that's his thing.

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Speaker 2: I love PayPal, right, So what happens is this also

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Speaker 2: ally financial?

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Speaker 3: Right? It's another fintech company, right, you know what I'm saying.

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Speaker 3: It's another fintech company.

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Speaker 2: So fintech is a great industry to be in because

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Speaker 2: you never look at a company that you invest in

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Speaker 2: for what they're doing right now, because what they're doing

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Speaker 2: right now, that price has been baked.

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Speaker 3: In two years ago, right, Like take heed to that.

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Speaker 2: Like, however, a company is performing right now, the price

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Speaker 2: that it is now has been baked in from two

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Speaker 2: years ago. So now you want to look at what

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Speaker 2: do I see going on right now? What do I

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Speaker 2: see them doing in the next two three years? You

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Speaker 2: ain't got to go ten years. What are you seeing

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Speaker 2: the next two three years? What do you see happening?

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Speaker 2: On the flip side of this, Can everybody agree that

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Speaker 2: the way we use money is different now?

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Speaker 3: Right?

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Speaker 2: Like one of the things Ian says that Square is

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Speaker 2: the new JP Morgan, Right, But the way that they're

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Speaker 2: setting themselves up is where you don't even have to

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Speaker 2: go into bank no more. Right, So look at the

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Speaker 2: way that is going When you got companies like Linden Tree,

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Speaker 2: you got companies like a firm buy now, pay later,

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Speaker 2: you know what I'm saying, like PayPal just partner with Amazon. Right,

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Speaker 2: So seamless payment options are the future.

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Speaker 3: So what if it's getting beat up right now? That's okay, right,

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Speaker 3: because what.

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Speaker 2: Happens is and knows time When you look back two

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Speaker 2: years like like that that is up three thousand percent.

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Speaker 2: You're like, damn, I should have the worst thing that

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Speaker 2: you want to be as investors say I should have invested. Damn,

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Speaker 2: I should have not too late? Next you know what

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Speaker 2: I'm saying. So that's that's what I look. That's what

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Speaker 2: those are my big three right now.

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Speaker 4: Yeah, And so in terms that we always talk about this,

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Speaker 4: do your homework, do your own research, And a lot

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Speaker 4: of people like, what's the homework? What should we be doing?

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Speaker 4: How do we find a company that we want to

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Speaker 4: invest in? And so a lot of times it really

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Speaker 4: comes to a personal situation, like it just depends on

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Speaker 4: what your interest on.

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Speaker 3: And so I'm interested here from both of y'all.

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Speaker 4: When you're evaluating a company that you're going to invest in,

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Speaker 4: looking at it, what's your process?

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Speaker 3: Like, take us through the process.

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Speaker 4: What I'm saying, all right, I'm looking at the fundamentals

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Speaker 4: or I'm looking at the technicals in this company.

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Speaker 3: How do I find it? Right? Because most people, if

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Speaker 3: you ask.

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Speaker 4: Them, do they know Amazon, do they know Apple, do

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Speaker 4: they know Tesla?

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Speaker 3: They know these companies.

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Speaker 4: But a lot of times you guys come up with

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Speaker 4: companies I'm like, damn, I even hear that one. So

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Speaker 4: what's the process of y'all finding the companies that y'all

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Speaker 4: eventually will invest in?

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Speaker 3: Because Ian do a lot of technicals, so I'll let

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Speaker 3: him go in first. Yeah. Well, I want you guys

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Speaker 3: to write this down.

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Speaker 5: Number one, you must invest in the top three sectors

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Speaker 5: and only look at the top five companies. I know

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Speaker 5: you want to find the greatest version of Tesla in

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Speaker 5: twenty twenty four that's in China. You're going to lose

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Speaker 5: all of your money doing it, right. I know some

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Speaker 5: of you have even heard me say no doge no

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Speaker 5: Shiba man fucking he doesn't know and then it falls

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Speaker 5: apart and it's like, brother, I need to talk to

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Speaker 5: you after I'm down twenty nine thousand.

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Speaker 3: Told you right?

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Speaker 5: You only anybody here sports fans would you rather have

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Speaker 5: a top five draft pick or the eighty fifth best person?

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Speaker 5: So why when it comes to investing, you want to

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Speaker 5: get someone from a Juco over bron No slightly nobody

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Speaker 5: played Juko Doo, no company?

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Speaker 3: Right?

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Speaker 5: Then founder, management team, and this is most important, what

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Speaker 5: can this company do that no one else on earth

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Speaker 5: can do? So if I told you there is a

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Speaker 5: technology company in California right now, that gets thirty percent

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Speaker 5: of all the money that comes in from every business

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Speaker 5: on the earth.

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Speaker 3: That's important.

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Speaker 5: What you want to invest in that That one business

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Speaker 5: alone is Apples app store, but you don't want to

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Speaker 5: invest in it because of what number one advertising business

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Speaker 5: of all time is what Google?

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Speaker 3: We don't have to go.

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Speaker 5: Outside of those fifteen prominent companies and from there we're good.

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Speaker 5: And then also what is that net profit margin? That's

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Speaker 5: key to me as well. Those are my three things.

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Speaker 2: So I think for me because I like going a

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Speaker 2: rabbit hole, right, that's I'll sit there and do it

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Speaker 2: all day every day. Again, this saved me, So my

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Speaker 2: my love food is different, you know what I'm saying.

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Speaker 2: Like this truly like took me out the streets for real.

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Speaker 2: So I go at it with that. So the first

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Speaker 2: thing I look at, the last thing I look at

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Speaker 2: is the stock price.

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Speaker 3: Like understand that because if you're looking at it supportant.

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Speaker 2: Yeah, if you're looking at the stock price, then you

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Speaker 2: automatically gonna base your decision on with the stock price

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Speaker 2: or that's too high, Right, that's gonna be the first Oh,

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Speaker 2: that's too You're gonna make a decision before doing the homework,

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Speaker 2: So make sure you look at the stock price last.

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Speaker 3: So one of the first things I want to look

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Speaker 3: at is.

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Speaker 2: Does this company have superior products and services? Like that's important,

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Speaker 2: Like does it have superior products?

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Speaker 3: Like can it stand up against its peers? Right? Like superior?

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Speaker 3: I need to know that. So I love waste management, right,

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Speaker 3: So why do I love it?

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Speaker 2: Well, they just purchased four hundred acres of landfill, right,

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Speaker 2: They just they got more land now than any of

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Speaker 2: their competitors, which means they gonna always be in business

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Speaker 2: and then a profit. Wilay's own a business is really good.

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Speaker 2: So that's that's important to me. I told you about

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Speaker 2: Eli Lilly. Why there's a number one producer of insulin

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Speaker 2: in the world, right, and America, you know, makes a

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Speaker 2: living off people not taking care of themselves. Let's just

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Speaker 2: be first of all, you got to understand the business

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Speaker 2: of America.

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Speaker 3: Let's get that.

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Speaker 2: Let's get that understood, Like America is a business, right,

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Speaker 2: and we betting on the business of America, right, So

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Speaker 2: superior products and services. The next thing I want to

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Speaker 2: look at is does the company have price and power?

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Speaker 3: So what do I mean by price and power?

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Speaker 2: Meaning a great company can increase prices three percent a year.

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Speaker 2: Inflation is high, so not a great business that normally

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Speaker 2: do three percent. Now they're doing seven and ten percent.

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Speaker 2: And guess what we're still doing buying it right? Everybody

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Speaker 2: loved your everybody loved name brands. Guess what LV and

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Speaker 2: mahe did increase the price about twelve percent this year.

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Speaker 3: Guess what we still did. Took pictures in that shit.

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Speaker 3: You feel me lined up after store, You feel me,

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Speaker 3: You feel you going Linux and them lines is far?

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Speaker 2: You go to them lines is far. So great companies

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Speaker 2: have pricing power. They can increase the prices by three

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Speaker 2: to four percent normally, but in times like this they're

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Speaker 2: doing seven to twelve percent.

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Speaker 3: Right.

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Speaker 2: So another thing would be like does the company have

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Speaker 2: great return on investments? So even though you understand the

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Speaker 2: core product of the business, you also got to ask

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Speaker 2: yourself this question. Just like you an investor, great businesses

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Speaker 2: invest You will look at Apples balance sheet. Their core

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Speaker 2: product is great, go look at the investments that they make.

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Speaker 2: It's the reason why they have one hundred and ninety

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Speaker 2: two billion dollars sitting on the side, right like Amazon

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Speaker 2: is the reason why they got thirty five billion dollars

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Speaker 2: sitting on the side.

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Speaker 3: So I like.

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Speaker 2: Companies that can also make money outside of their core

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Speaker 2: product because now I know they not one dimension them.

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Speaker 3: So that's kind of important for me.

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Speaker 2: And having the last one is my bad of just

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Speaker 2: lifetime customers. I love a business is that no matter what,

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Speaker 2: you ain't going no where, right, that means you got

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Speaker 2: some good dope.

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Speaker 3: You know.

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Speaker 4: It's interesting because one of the things it don't come

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Speaker 4: when you said you said your last thing.

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Speaker 2: Hey, finance this friendly over here, there's like, yeah, no,

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Speaker 2: y'all don't want that trap shit.

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Speaker 4: Lo lord check this out, check us out, because you

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Speaker 4: said your last thing. But one of the most important

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Speaker 4: things you taught me. And it's cool and no shaming

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Speaker 4: that right. We teach each other, We learn from each other.

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Speaker 4: You said the moat was your thing, and you said

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Speaker 4: the competitive advantage. I want you to tell the people

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Speaker 4: about the importance of having a moat in your industry.

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Speaker 3: So that's that's that's one of the things like a

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Speaker 3: moat is.

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Speaker 2: So you know, it's easy to say, like you look

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Speaker 2: at a castle, you know, you look at how easy

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Speaker 2: it How easy is it.

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Speaker 3: For a company to get into that castle?

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Speaker 2: Right, So think about Joshua, just think this, think Bible, right,

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Speaker 2: Joshua had to walk around, he had to get a

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Speaker 2: sign from God, Like, Yo, how do I penetrate that

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Speaker 2: wall to get into this land? Like, there's nothing we

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Speaker 2: can do to get into that land. It's because had

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Speaker 2: a big old moat. While you need a god to

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Speaker 2: break that thing down, you feel, I'm saying. So you

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Speaker 2: think about a company the same way, like what does

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Speaker 2: this company have that is so superior that it takes

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Speaker 2: it would kill its competitor to even try to get there?

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Speaker 3: Right?

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Speaker 2: So if you think about Apple, right, like, there's they

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Speaker 2: have multiple moats. So one thing Apple keep increasing the prices,

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Speaker 2: but guess what we keep doing.

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Speaker 3: Keep buying it.

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Speaker 2: I came home in two thousand and seven. I bought

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Speaker 2: an iPhone in two thousand and eight. It's twenty twenty two.

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Speaker 2: I've bought every iPhone. Who else did the same shit.

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Speaker 4: You do it all without breaking a sweat, and you

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Speaker 4: do it all in style, from being a boss exec

359
00:15:37,760 --> 00:15:41,320
Speaker 4: to getting the kids ready for school, checking homework, family dinners,

360
00:15:41,480 --> 00:15:44,280
Speaker 4: lunches and brunches with your day ones, trips to the salon,

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Speaker 4: and we can getaways at anything but a getaway. That's

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Speaker 4: why Infinity fully reimagine the QX sixty to help you

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Speaker 4: conquer it all with ease. A luxury suv as functional

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00:15:54,280 --> 00:15:57,480
Speaker 4: as it is stylish, and as versatile as it is serene,

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Speaker 4: even when you have back to back conference calls on

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Speaker 4: top of the kids basketball practices, not to mention your

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Speaker 4: side hustles. It's all done with grace. The all new

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Speaker 4: Infinity QX sixty has available features like seating for up

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Speaker 4: to seven passengers, a suite of active safety features, and

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00:16:13,560 --> 00:16:16,880
Speaker 4: massage in front seats. It's the suv designed to help

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Speaker 4: you conquer life in style now with extremely limited availability,

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Speaker 4: contact your local retailer for inventory information.

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Speaker 2: All right, cool, right, you know what I'm saying. So

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Speaker 2: you think about that, You think about a company like.

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Speaker 3: YouTube, right? YouTube has a great mode.

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Speaker 2: Why because every time you Google something, what do you

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Speaker 2: I'm going google it? I don't even kep you on

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Speaker 2: Safari and look it up. You're gonna say, I'm a googleer.

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Speaker 2: You on Safari? Bro, You're gonna search that You're not

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Speaker 2: even on Google, you know what I'm saying.

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Speaker 3: So that is because they have the largest search engine.

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Speaker 2: They pay Apple nine billion dollars a year to be

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Speaker 2: the number one search engine on Apple. Apple search engine

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Speaker 2: is Safari, but Google pays them nine billion dollars a

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Speaker 2: year to be the number one search engine.

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Speaker 3: That is a mote in itself, right.

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Speaker 2: So anytime a company has a superior product that their competitors.

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Speaker 3: Cannot knock down, that's why I won't be at you.

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Speaker 2: Know why, because that mean they're gonna be a business

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Speaker 2: for a long time. The biggest mode that I think

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Speaker 2: a company has is debt. A company that don't got

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Speaker 2: no debt is a company that can't go out of business,

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Speaker 2: you know what I'm saying. So that's one of the

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Speaker 2: things on one more time. They didn't like it, but

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Speaker 2: say it one more time. A company that don't have

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Speaker 2: no debt can't go out of business.

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Speaker 5: And one thing, and then for the time that we're

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Speaker 5: in a crisis, you have to think if China becomes

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Speaker 5: the number one superpower on Earth, which is on the way,

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Speaker 5: what companies will be able to survive that provide value

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Speaker 5: to the ecosystem to stay alive and still give you money?

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Speaker 3: Is not going to do that?

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Speaker 4: Troy, Can we talk about because I mean, I'm glad

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Speaker 4: you brought the word crisis up because obviously we've seen

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Speaker 4: the crisis that's happening in Ukraine and Russia, and we'll.

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Speaker 3: Talk about it in a sect.

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Speaker 4: But yesterday everybody was sitting around their TV waiting for

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Speaker 4: two o'clock. Happened, right, we were waiting, We wait for

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Speaker 4: Jerome Powell to talk, and we're like the anticipation capt buildings, right.

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Speaker 4: And so yesterday the Federal Reserve announce that they're gonna

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Speaker 4: have interest hikes, uh, interest rate hikes potentially seventh throughout

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Speaker 4: the year. And so for the average listener, they're probably like,

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Speaker 4: what does that even mean? So could y'all break that down?

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Speaker 3: What? What? What does it mean?

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Speaker 4: What will be the impact on the average person or

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Speaker 4: the average investor when we hear that type of news,

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Speaker 4: Because after the announcement, we saw that the stock market

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Speaker 4: actually had a nice little bounce, could have been a

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Speaker 4: dead cat bounce, which we spoke about the other day,

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Speaker 4: But what does that mean for the average person?

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Speaker 3: Hey, y'all getting information right now? Y'all like this? I

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Speaker 3: like this shit. Come on, let's go, Hey, Mike, God

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Speaker 3: bad family, let's go. Uh.

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Speaker 2: So we was actually on the plane, me and me

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Speaker 2: bam and Mike. We was on the plane and we

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Speaker 2: looked at it like we see that, And I'm like,

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Speaker 2: I was pissed off on a plane because I was like,

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Speaker 2: so I get mad at a martor all the time,

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Speaker 2: all the time. So I'm like, man, why they tripping?

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Speaker 2: They already knew the man was gonna hike rates. Why

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Speaker 2: why is we going through this? You know what I'm saying,

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Speaker 2: Like this thing should be running because it's already priced in.

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Speaker 3: So for a second, let's just talk about rate hikes.

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Speaker 2: Right, everybody knows what inflation is, right, so you understand

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Speaker 2: that the more that America prints money, the more your

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Speaker 2: money loses value.

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Speaker 3: Everybody understand that, right, right, So.

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Speaker 2: If you go to usdet clock dot org, write that

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00:19:28,080 --> 00:19:29,919
Speaker 2: down every day, just take a look at that.

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Speaker 3: That's gonna be your motivation to keep making money. I

441
00:19:32,080 --> 00:19:34,520
Speaker 3: promise it. If you go to usdet clock.

442
00:19:34,359 --> 00:19:37,480
Speaker 2: Dot org, you will see that America's debt right now

443
00:19:37,600 --> 00:19:41,280
Speaker 2: is thirty trillion dollars ain't counting. I look at it

444
00:19:41,280 --> 00:19:44,280
Speaker 2: every day, So that thirty trillion, three hundred and fifty

445
00:19:44,320 --> 00:19:48,359
Speaker 2: six billion, two hundred and seventy five million, and like

446
00:19:48,359 --> 00:19:50,440
Speaker 2: one hundred and thirty seven thousand, right, and to keep

447
00:19:50,480 --> 00:19:52,520
Speaker 2: ticking right. I look at it multiple times a day

448
00:19:52,520 --> 00:19:54,879
Speaker 2: to make sure I ain't tripping. That's my motivation because

449
00:19:54,920 --> 00:19:57,320
Speaker 2: I know that as long as they printing money, I

450
00:19:57,320 --> 00:19:59,200
Speaker 2: got to print money because if I ain't print money,

451
00:19:59,240 --> 00:19:59,920
Speaker 2: I'm getting poor.

452
00:20:00,040 --> 00:20:01,800
Speaker 3: I don't know about y'all. Again, it goes back to

453
00:20:01,960 --> 00:20:05,359
Speaker 3: I don't that won't be polled. Right. So what happens

454
00:20:05,359 --> 00:20:06,400
Speaker 3: with inflation is.

455
00:20:07,920 --> 00:20:10,199
Speaker 2: Forty seven percent of the money that's in circulation right

456
00:20:10,280 --> 00:20:12,960
Speaker 2: now has been printed in the last two years. Think

457
00:20:12,960 --> 00:20:15,480
Speaker 2: about that. So something that cost you one hundred dollars

458
00:20:15,520 --> 00:20:17,800
Speaker 2: in twenty nineteen now cost.

459
00:20:17,520 --> 00:20:20,359
Speaker 3: You one hundred and seven dollars. I want you to

460
00:20:20,400 --> 00:20:21,600
Speaker 3: sit on that for a second.

461
00:20:22,520 --> 00:20:25,720
Speaker 2: Something that cost you one hundred dollars in twenty nineteen

462
00:20:25,920 --> 00:20:30,040
Speaker 2: now cost you one hundred and seven dollars and sixteen cent.

463
00:20:30,920 --> 00:20:35,200
Speaker 3: Sit on that. How many people right now? Just realistic.

464
00:20:35,240 --> 00:20:36,400
Speaker 3: You don't got to raise your hand.

465
00:20:37,160 --> 00:20:40,719
Speaker 2: What you get paid from twenty nineteen to now has increased.

466
00:20:40,720 --> 00:20:43,840
Speaker 2: You don't got to raise your hand. That that shit

467
00:20:43,880 --> 00:20:46,239
Speaker 2: sitting your spirit right quick? Damn my job playing on

468
00:20:46,280 --> 00:20:48,720
Speaker 2: me or what I'm doing. If you ain't making more

469
00:20:48,720 --> 00:20:52,040
Speaker 2: money from twenty nineteen. You're putting yourself in a birth situation.

470
00:20:52,400 --> 00:20:56,280
Speaker 2: Why because they keep printing money, right, So a seven

471
00:20:56,359 --> 00:20:59,080
Speaker 2: dollars increase in two years is a lot of money, y'all,

472
00:21:00,080 --> 00:21:03,400
Speaker 2: feel me. So what rate hikes do is they help

473
00:21:03,560 --> 00:21:08,640
Speaker 2: balance the inflation as they increase rates. What now happens

474
00:21:08,760 --> 00:21:12,560
Speaker 2: is there's a thing called the Fed Fund rate. The

475
00:21:12,600 --> 00:21:15,480
Speaker 2: Fed Fund rate is the rate at which two banks

476
00:21:15,560 --> 00:21:18,920
Speaker 2: lend money to each other overnight. Right, And so now

477
00:21:18,960 --> 00:21:23,359
Speaker 2: what happens is the bank now gives us a rate

478
00:21:23,520 --> 00:21:26,600
Speaker 2: based on our adult report card credit school shout out

479
00:21:26,640 --> 00:21:28,800
Speaker 2: with my brother five hundred right credit score.

480
00:21:29,600 --> 00:21:31,840
Speaker 3: So now because.

481
00:21:31,520 --> 00:21:34,280
Speaker 2: The interest rate went up, the bank now is going

482
00:21:34,359 --> 00:21:36,199
Speaker 2: to charge you more money than loan money. And so

483
00:21:36,359 --> 00:21:39,640
Speaker 2: now businesses and people like wait, hold up, they charged

484
00:21:39,640 --> 00:21:41,040
Speaker 2: me a lot of money. You know what, I really

485
00:21:41,119 --> 00:21:44,520
Speaker 2: don't need that loan right now. So because you stop spending,

486
00:21:44,800 --> 00:21:49,600
Speaker 2: that now helps inflation. So now over the next twelve months,

487
00:21:49,720 --> 00:21:54,040
Speaker 2: you'll get five of those. So say, right, so we

488
00:21:54,119 --> 00:21:57,159
Speaker 2: need them to slow down with printing money so he

489
00:21:57,240 --> 00:21:58,520
Speaker 2: can balance out the economy.

490
00:21:59,200 --> 00:21:59,920
Speaker 3: They'll hurt y'all.

491
00:22:00,160 --> 00:22:03,000
Speaker 2: That was a dope play by play. This ship is good.

492
00:22:03,840 --> 00:22:08,320
Speaker 2: Lie here clap up our brother shot that what's up brother?

493
00:22:08,720 --> 00:22:09,120
Speaker 3: That dude?

494
00:22:09,200 --> 00:22:13,000
Speaker 2: Two goddamn cool for me, absolutely, and I'm gonna add

495
00:22:13,000 --> 00:22:13,159
Speaker 2: to us.

496
00:22:13,160 --> 00:22:14,680
Speaker 4: I'm gonna I'm get the second part of the question

497
00:22:14,680 --> 00:22:16,919
Speaker 4: because you talked about inflation, right, and obviously if we

498
00:22:16,960 --> 00:22:19,199
Speaker 4: don't know, obviously the cost of the goods that we

499
00:22:19,240 --> 00:22:20,080
Speaker 4: want obviously will go.

500
00:22:20,040 --> 00:22:22,800
Speaker 3: Up in pricing, and so we will see inflation.

501
00:22:22,960 --> 00:22:25,600
Speaker 4: That record has people started to think of that all

502
00:22:25,640 --> 00:22:28,280
Speaker 4: our word and we only like that our word when we.

503
00:22:28,240 --> 00:22:33,520
Speaker 3: Listen to Young Jeezy. So are we headed in the

504
00:22:33,560 --> 00:22:35,280
Speaker 3: direction of a recession of recession?

505
00:22:35,359 --> 00:22:37,600
Speaker 4: And what are the signs that we need to look

506
00:22:37,640 --> 00:22:39,880
Speaker 4: at before we get there to say, all right, let's

507
00:22:39,880 --> 00:22:41,240
Speaker 4: prepare ourselves in the event.

508
00:22:42,359 --> 00:22:46,680
Speaker 5: I want you guys to stand up, oh ship, no,

509
00:22:46,720 --> 00:22:49,440
Speaker 5: for real, stand up in your spirit. When you walk

510
00:22:49,480 --> 00:22:52,520
Speaker 5: around any city, does it feel like the economy is

511
00:22:52,520 --> 00:22:56,040
Speaker 5: doing better and people are spending more or less? So

512
00:22:56,119 --> 00:22:59,960
Speaker 5: are we headed to a recession or no? Say aloud,

513
00:23:00,920 --> 00:23:06,359
Speaker 5: you can sit down. Yes we're close to recession. But

514
00:23:06,400 --> 00:23:10,320
Speaker 5: here's the thing. What people don't normally tell you is

515
00:23:10,920 --> 00:23:14,720
Speaker 5: incredible fortunes are made during the recession. The bad part

516
00:23:14,840 --> 00:23:19,000
Speaker 5: is suicide rates go up. Domestic violence goes up, child

517
00:23:19,040 --> 00:23:21,040
Speaker 5: abuse goes up, suicide rates go.

518
00:23:21,080 --> 00:23:23,520
Speaker 3: Up, crime crime. Absolutely.

519
00:23:23,720 --> 00:23:26,360
Speaker 5: So if you're not helping the people and feed the wolves,

520
00:23:26,800 --> 00:23:30,440
Speaker 5: you may be pray. But if we hit a recession,

521
00:23:31,320 --> 00:23:35,800
Speaker 5: the man in here, your woman, mom, grandma doesn't give

522
00:23:35,840 --> 00:23:40,040
Speaker 5: a fuck that it's a recession. You have to pay bills, right.

523
00:23:41,119 --> 00:23:46,760
Speaker 5: No one loves men unconditionally. Right unless you provide and

524
00:23:46,800 --> 00:23:48,280
Speaker 5: I know something, you go be like, no, that's not true.

525
00:23:49,040 --> 00:23:52,359
Speaker 5: Fellas make a few calls man, right, So when this

526
00:23:52,440 --> 00:23:55,800
Speaker 5: recession comes, you have to be prepared. Also, I'm gonna

527
00:23:55,800 --> 00:23:58,159
Speaker 5: be honest. With this market falling apart, if you're able

528
00:23:58,280 --> 00:24:01,159
Speaker 5: to short term invest in futures mark, you should be

529
00:24:01,200 --> 00:24:05,840
Speaker 5: making more money now than ever. So es, please write

530
00:24:05,880 --> 00:24:09,359
Speaker 5: this down s and P five hundred future forty ticks.

531
00:24:10,600 --> 00:24:13,480
Speaker 5: If you do twenty five contracts to that, that's twelve thousand,

532
00:24:13,560 --> 00:24:16,919
Speaker 5: five hundred ZBA up are the bond market. So if

533
00:24:17,080 --> 00:24:19,080
Speaker 5: when the market took up to the off side yesterday,

534
00:24:19,320 --> 00:24:23,000
Speaker 5: the bond market fil twenty five contracts apiece forty tis

535
00:24:24,480 --> 00:24:28,440
Speaker 5: thirty one thousand, two fifty per there's some people in here,

536
00:24:28,480 --> 00:24:31,200
Speaker 5: they won't say, some snipers that made fifty and sixty

537
00:24:31,200 --> 00:24:32,800
Speaker 5: thousand yesterday.

538
00:24:32,840 --> 00:24:34,520
Speaker 3: How do you hold on to the market when the

539
00:24:34,560 --> 00:24:37,679
Speaker 3: market's falling? Apart earners? What's up?

540
00:24:37,760 --> 00:24:40,239
Speaker 4: You ever walk into a small business and everything just

541
00:24:40,400 --> 00:24:43,600
Speaker 4: works like the checkout is fast, or seats of digital

542
00:24:44,119 --> 00:24:47,040
Speaker 4: tipping is a breeze and you're out the door before

543
00:24:47,080 --> 00:24:51,240
Speaker 4: the line even builds. Odds are they're using Square. We

544
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545
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546
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Speaker 4: at a pop up market, or even one of our

547
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548
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Speaker 4: take payments, manage inventory, and run their business with confidence,

549
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Speaker 4: all from one simple system. If you're a business owner

550
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Speaker 4: or even just thinking about launching something soon, Square is

551
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552
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553
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554
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555
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557
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558
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Speaker 4: This episode is brought to you by P and C Bank.

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587
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Speaker 5: You have to be able to invest in every market.

588
00:27:28,800 --> 00:27:31,880
Speaker 5: Investing in one thing is the biggest mistake you can make.

589
00:27:33,040 --> 00:27:37,399
Speaker 5: Long term first, then swing, then short term investing, then

590
00:27:37,480 --> 00:27:39,640
Speaker 5: hit My brother, get it to land right. You have

591
00:27:39,720 --> 00:27:41,760
Speaker 5: to have so many assets what I'll call a wealth

592
00:27:41,760 --> 00:27:44,399
Speaker 5: fortress go on for you that no matter what happens

593
00:27:44,400 --> 00:27:46,439
Speaker 5: in the marketplace, you're never going to go broke and

594
00:27:46,480 --> 00:27:47,760
Speaker 5: your portfolio is never down.

595
00:27:48,080 --> 00:27:49,600
Speaker 3: Is it tough? Yes?

596
00:27:50,240 --> 00:27:53,359
Speaker 5: But when I got started in a recession, I said

597
00:27:53,400 --> 00:27:55,880
Speaker 5: to my baby's over there, Zanda, can you stand up?

598
00:27:57,040 --> 00:28:00,439
Speaker 3: Hey? I love you, Dan? Why are you big? Me?

599
00:28:00,480 --> 00:28:00,680
Speaker 5: Bro?

600
00:28:00,840 --> 00:28:03,679
Speaker 3: I've been letting you watch shows all day. What we

601
00:28:03,840 --> 00:28:05,480
Speaker 3: doing right?

602
00:28:05,840 --> 00:28:08,200
Speaker 5: But when that lady took that money from me? The

603
00:28:08,280 --> 00:28:10,080
Speaker 5: eighty thousand that she Oh, I know y'all heard me

604
00:28:10,080 --> 00:28:12,719
Speaker 5: tell the story. I said, I'll never let no personal

605
00:28:12,800 --> 00:28:16,200
Speaker 5: earth take shit from him.

606
00:28:15,320 --> 00:28:18,320
Speaker 3: Kill me First, you have to provide it all costs.

607
00:28:18,560 --> 00:28:21,080
Speaker 5: So when a recession happens, I'm like, damn, Now I

608
00:28:21,160 --> 00:28:23,760
Speaker 5: get to build a big base and get tens of

609
00:28:23,760 --> 00:28:25,880
Speaker 5: thousands of shares opposed to buy.

610
00:28:25,720 --> 00:28:28,080
Speaker 3: Too high and only being able to get a hundred.

611
00:28:28,359 --> 00:28:30,919
Speaker 5: But that has to be your drive to get wealthy

612
00:28:31,200 --> 00:28:32,840
Speaker 5: when the recession happens.

613
00:28:32,920 --> 00:28:36,000
Speaker 3: Let me add something to that, Troy. So another thing too,

614
00:28:36,280 --> 00:28:41,840
Speaker 3: is I love this shit. Yeah. So this is this

615
00:28:41,880 --> 00:28:44,480
Speaker 3: thing called the inverted yield curve.

616
00:28:44,600 --> 00:28:48,200
Speaker 2: Yes, right, And so a simple way to look at

617
00:28:48,240 --> 00:28:52,760
Speaker 2: that is saying, when short term bonds so let me

618
00:28:52,840 --> 00:28:55,440
Speaker 2: let me back up a little bit. So normally, when

619
00:28:55,440 --> 00:28:59,120
Speaker 2: things get real in the market, investors run to long

620
00:28:59,240 --> 00:28:59,920
Speaker 2: term bonds.

621
00:29:00,320 --> 00:29:01,240
Speaker 3: It's a safe heaven.

622
00:29:02,400 --> 00:29:06,760
Speaker 2: When short term bonds are now more profitable than long

623
00:29:06,840 --> 00:29:09,880
Speaker 2: term bonds, it tells you that the recession is knocking

624
00:29:09,920 --> 00:29:10,400
Speaker 2: on the door.

625
00:29:11,640 --> 00:29:14,800
Speaker 3: If you can remember that, you're good. You're good.

626
00:29:15,320 --> 00:29:20,719
Speaker 2: Whenever short term bonds are more attractive than long term bonds.

627
00:29:20,720 --> 00:29:24,520
Speaker 2: When it crosses over, you are now at the front door,

628
00:29:24,560 --> 00:29:25,760
Speaker 2: like you don't even got to guess about it.

629
00:29:25,840 --> 00:29:27,600
Speaker 3: The moment is at your door, looking at you in

630
00:29:27,640 --> 00:29:28,040
Speaker 3: your face.

631
00:29:28,760 --> 00:29:32,280
Speaker 2: And then what happens is if you don't know how

632
00:29:32,320 --> 00:29:35,080
Speaker 2: to trade options, if you don't know how to be

633
00:29:35,160 --> 00:29:38,480
Speaker 2: a sniper yet, you can look at what I call

634
00:29:39,480 --> 00:29:43,560
Speaker 2: what it is called inverse ETFs. Right, So one, what

635
00:29:43,720 --> 00:29:47,680
Speaker 2: happens is they are leveraged. So if the stock goes

636
00:29:47,760 --> 00:29:50,920
Speaker 2: down one dollar, you make two dollars. The stock goes

637
00:29:50,960 --> 00:29:54,760
Speaker 2: down two dollars, you make four dollars. Stock go down

638
00:29:54,800 --> 00:29:56,840
Speaker 2: four dollars, you can make eight dollars, depending on which

639
00:29:56,880 --> 00:29:57,320
Speaker 2: one you have.

640
00:29:57,760 --> 00:29:59,480
Speaker 3: If you just want to bet.

641
00:29:59,240 --> 00:30:02,280
Speaker 2: On the S and P five hundred, you can get

642
00:30:02,480 --> 00:30:03,200
Speaker 2: sp X.

643
00:30:03,920 --> 00:30:06,440
Speaker 3: Right, it's a triple leveraged et up.

644
00:30:06,480 --> 00:30:08,480
Speaker 2: So the stock of the SPE hundred is sm P

645
00:30:08,560 --> 00:30:10,320
Speaker 2: without one dollar, you'll make three dollars.

646
00:30:10,840 --> 00:30:12,880
Speaker 3: But it's those are short term. You don't hold them

647
00:30:12,920 --> 00:30:16,040
Speaker 3: for months, only hold it for five. You gotta say

648
00:30:16,040 --> 00:30:19,920
Speaker 3: that part. Only hold days. It's really flipped this up.

649
00:30:20,000 --> 00:30:21,160
Speaker 3: It's only holding.

650
00:30:23,520 --> 00:30:27,160
Speaker 4: You gotta say that part because when people who are

651
00:30:27,280 --> 00:30:30,160
Speaker 4: not experiencing the space and they look at that inverted

652
00:30:30,200 --> 00:30:32,120
Speaker 4: piece and they're like, all right, well s and p

653
00:30:32,200 --> 00:30:33,400
Speaker 4: has been down for three weeks.

654
00:30:33,480 --> 00:30:34,240
Speaker 3: This is my time.

655
00:30:34,560 --> 00:30:36,760
Speaker 4: I'm gonna make this call for another three weeks out

656
00:30:36,800 --> 00:30:38,760
Speaker 4: and it's like, oh, it flips that quick.

657
00:30:39,080 --> 00:30:41,080
Speaker 3: You lose all your money. You lose it. You know

658
00:30:41,480 --> 00:30:43,960
Speaker 3: the importance of having what you said five to seven days, Yeah,

659
00:30:44,000 --> 00:30:44,760
Speaker 3: five to seven days.

660
00:30:44,800 --> 00:30:46,640
Speaker 2: It is always a short term holding if you want

661
00:30:46,640 --> 00:30:49,600
Speaker 2: to hold the Nash deck because the nastack typically gets

662
00:30:49,640 --> 00:30:52,800
Speaker 2: hit harder because every time there's some type of disruption

663
00:30:52,920 --> 00:30:55,360
Speaker 2: in the economy, tech is always going to be hit.

664
00:30:55,640 --> 00:30:58,760
Speaker 2: So you could get sqq q right, and so when

665
00:30:58,800 --> 00:31:01,160
Speaker 2: you feel in bulletshit about the nashtack, you can go

666
00:31:01,240 --> 00:31:04,000
Speaker 2: with tqqq we ain't wearing about to fifteen minutes.

667
00:31:04,040 --> 00:31:07,520
Speaker 3: Man, don't do my guy like that. Or uvx Y.

668
00:31:07,800 --> 00:31:09,840
Speaker 3: That's one that I always tell everybody in Red Panda.

669
00:31:10,000 --> 00:31:11,440
Speaker 3: Uv x Y is avixed.

670
00:31:11,640 --> 00:31:14,720
Speaker 5: So when volatility is going crazy, can I be honest

671
00:31:14,760 --> 00:31:15,160
Speaker 5: with y'all.

672
00:31:15,960 --> 00:31:18,040
Speaker 3: There's no such thing as the bad market. That is

673
00:31:18,080 --> 00:31:22,200
Speaker 3: a fact. Only bad entries into it trap always jumping.

674
00:31:22,800 --> 00:31:26,560
Speaker 5: So if our market is falling, volatility is going up,

675
00:31:26,960 --> 00:31:29,800
Speaker 5: you can invest in volatility, or gold may go up

676
00:31:29,920 --> 00:31:30,400
Speaker 5: or wheat.

677
00:31:30,920 --> 00:31:32,800
Speaker 3: There's always something that's going to go up to the

678
00:31:32,880 --> 00:31:33,280
Speaker 3: upside out.

679
00:31:33,760 --> 00:31:36,440
Speaker 4: No, no, stay right there, stay right there, because that's very

680
00:31:36,480 --> 00:31:37,160
Speaker 4: important I put that.

681
00:31:37,200 --> 00:31:38,280
Speaker 3: I'm like, all right, bet.

682
00:31:38,720 --> 00:31:41,120
Speaker 4: A lot of times when when people see inflation and

683
00:31:41,160 --> 00:31:43,680
Speaker 4: they hear inflation, right, they start looking for save favors.

684
00:31:43,720 --> 00:31:45,160
Speaker 3: Right, you said, like bond The bond market is one

685
00:31:45,200 --> 00:31:45,720
Speaker 3: of those things.

686
00:31:45,920 --> 00:31:48,440
Speaker 4: Commodities over the past three weeks, something that everybody's been

687
00:31:48,440 --> 00:31:50,400
Speaker 4: talking about. So I'm glad that he said wet right,

688
00:31:50,440 --> 00:31:53,200
Speaker 4: because most times people think commodities, we hear gold, we

689
00:31:53,280 --> 00:31:56,080
Speaker 4: know that right, we hear silver, We saw that all

690
00:31:56,080 --> 00:31:59,120
Speaker 4: time records over the past two weeks, we hear oil, right,

691
00:31:59,120 --> 00:31:59,840
Speaker 4: oil got.

692
00:31:59,680 --> 00:32:00,280
Speaker 3: To one thirty.

693
00:32:00,280 --> 00:32:02,400
Speaker 4: Shout out to Jests for calling and making that call right,

694
00:32:02,440 --> 00:32:03,720
Speaker 4: And now it's pull back a little bit.

695
00:32:04,120 --> 00:32:06,240
Speaker 3: But I said, Yo, this is interesting.

696
00:32:05,960 --> 00:32:09,040
Speaker 4: Right because I wonder if people here right here in Austin,

697
00:32:09,080 --> 00:32:11,600
Speaker 4: Texas and the Midwest wonder about the other commodities that

698
00:32:11,640 --> 00:32:16,959
Speaker 4: are on that list. We right, dairy right, con right,

699
00:32:17,000 --> 00:32:19,920
Speaker 4: so all these other things. So talk about the importance

700
00:32:19,960 --> 00:32:24,640
Speaker 4: of big fact diversifying your portfolio and commodities and how

701
00:32:24,680 --> 00:32:26,480
Speaker 4: do you even invest in them? Because most people like

702
00:32:26,480 --> 00:32:29,000
Speaker 4: they'll ask, well, how do I invest in weed?

703
00:32:29,040 --> 00:32:31,120
Speaker 3: Where do I go to do that? That's kind of.

704
00:32:31,120 --> 00:32:33,840
Speaker 2: Let Ian kill that because that is that is the

705
00:32:33,880 --> 00:32:36,840
Speaker 2: basis of futures right there. But I will say, like

706
00:32:36,920 --> 00:32:38,800
Speaker 2: I've made a lot of money, my trappers. I've made

707
00:32:38,840 --> 00:32:40,880
Speaker 2: a lot of money. Three weeks ago, I was like, Yo,

708
00:32:41,000 --> 00:32:43,680
Speaker 2: let's get some options on xl E and then.

709
00:32:43,640 --> 00:32:47,160
Speaker 3: Let's get some the energy ETF.

710
00:32:47,480 --> 00:32:50,680
Speaker 2: Please write that down, Spider fund it the energy ets

711
00:32:50,680 --> 00:32:52,400
Speaker 2: So we made a lot of money on that because

712
00:32:52,440 --> 00:32:53,880
Speaker 2: and I talked, I'm like, yo, all about to go

713
00:32:53,920 --> 00:32:56,200
Speaker 2: over one hundred dollars and the shopped to one ten.

714
00:32:56,280 --> 00:32:57,680
Speaker 3: I was like, yo, let's make some bread.

715
00:32:58,080 --> 00:33:01,760
Speaker 2: And then we went short term with GUSH, which was

716
00:33:01,800 --> 00:33:05,200
Speaker 2: a triple leveraged ETF. Well, we held it for a

717
00:33:05,240 --> 00:33:07,640
Speaker 2: week at a time, and I think we ran up.

718
00:33:07,800 --> 00:33:10,080
Speaker 2: I ran up like ten thousand dollars in like five days.

719
00:33:10,080 --> 00:33:12,240
Speaker 2: I backed off nine cost me a lot, But I

720
00:33:12,280 --> 00:33:14,760
Speaker 2: mean prices what you paid, values what you get.

721
00:33:15,160 --> 00:33:17,920
Speaker 3: So we understood that. So I just played the oil.

722
00:33:17,680 --> 00:33:21,000
Speaker 2: Sector because war means chaos, and when you see war,

723
00:33:21,280 --> 00:33:23,840
Speaker 2: the first thing I always think of is there's going

724
00:33:23,880 --> 00:33:27,160
Speaker 2: to be a high supply, a high demand, low supply

725
00:33:27,280 --> 00:33:30,120
Speaker 2: in oil. Nobody wants to be shipping oil while people

726
00:33:30,480 --> 00:33:33,440
Speaker 2: running bombs across each other head, so oil is always

727
00:33:33,520 --> 00:33:37,600
Speaker 2: going to hit when there's a war on the commodity side.

728
00:33:38,640 --> 00:33:40,640
Speaker 4: Everyone has an opinion when it comes to the foods

729
00:33:40,640 --> 00:33:43,320
Speaker 4: we eat. This food's good for you, this one's bad

730
00:33:43,320 --> 00:33:45,240
Speaker 4: for you, this diet works best.

731
00:33:45,320 --> 00:33:46,760
Speaker 3: But who actually has the right answer.

732
00:33:47,120 --> 00:33:49,200
Speaker 4: You don't need rules to lose weight, You just need

733
00:33:49,200 --> 00:33:53,160
Speaker 4: proper information to build smarter, more sustainable HABITSNOM is here

734
00:33:53,160 --> 00:33:55,400
Speaker 4: to change the way we view food by not only

735
00:33:55,440 --> 00:33:58,040
Speaker 4: looking at what we eat, but also how we eat.

736
00:33:58,480 --> 00:34:01,160
Speaker 4: Instead of making you feel guilt, NOOM empowers you to

737
00:34:01,280 --> 00:34:04,120
Speaker 4: keep going. Not everyone wants to be on a strict diet,

738
00:34:04,440 --> 00:34:06,840
Speaker 4: do five days a week at the gym, or have

739
00:34:07,040 --> 00:34:10,439
Speaker 4: daily smoothies and crushable teas. NOOM uses as a psychology based

740
00:34:10,440 --> 00:34:13,319
Speaker 4: approach to find healthier balances that's more suitable for your

741
00:34:13,360 --> 00:34:15,640
Speaker 4: life and as a result, more sustainable.

742
00:34:15,800 --> 00:34:16,040
Speaker 3: Look.

743
00:34:16,320 --> 00:34:18,600
Speaker 4: Noom's already influenced the way I shot for food, which

744
00:34:18,600 --> 00:34:20,920
Speaker 4: has not only saved me money, It's also given me

745
00:34:20,960 --> 00:34:23,400
Speaker 4: a clearer understanding of the foods I'm consuming, which has

746
00:34:23,440 --> 00:34:26,560
Speaker 4: made me sharper and more energetic, you have to try

747
00:34:26,600 --> 00:34:29,040
Speaker 4: it out. Look, there are no food restrictions in the program,

748
00:34:29,120 --> 00:34:33,040
Speaker 4: which makes the process more flexible for your lifestyle. Everybody's

749
00:34:33,120 --> 00:34:37,320
Speaker 4: journey is different. Noom believes in progress, not perfection. Seventy

750
00:34:37,320 --> 00:34:40,080
Speaker 4: five percent of Noom users finish the program, and more

751
00:34:40,120 --> 00:34:43,040
Speaker 4: than sixty percent of users engaged with the program keep

752
00:34:43,080 --> 00:34:46,200
Speaker 4: the weight off for a year or even more. With Noom,

753
00:34:46,320 --> 00:34:48,400
Speaker 4: all you need is a daily ten minute check in,

754
00:34:48,800 --> 00:34:51,839
Speaker 4: no grueling early mornings or huge chunks out of your day.

755
00:34:52,480 --> 00:34:54,880
Speaker 4: Are you ready to start building better habits for healthier

756
00:34:55,080 --> 00:34:57,600
Speaker 4: long term results. Sign up for a Noom trial at

757
00:34:57,640 --> 00:35:03,000
Speaker 4: noom dot com slash leisure. That's n M dot com

758
00:35:03,040 --> 00:35:05,960
Speaker 4: slash leision. Don't wait, don't hesitate it over.

759
00:35:05,840 --> 00:35:08,000
Speaker 3: There now so you can look at oats.

760
00:35:08,719 --> 00:35:13,560
Speaker 5: Do you know you can trade coffee, gold, oil, cattle,

761
00:35:14,640 --> 00:35:18,040
Speaker 5: so Billy man poor, almost everything that we may eat

762
00:35:18,160 --> 00:35:18,640
Speaker 5: or consume.

763
00:35:19,960 --> 00:35:22,440
Speaker 6: That's why big facts. So that's why you trade it.

764
00:35:22,480 --> 00:35:25,640
Speaker 6: Big facts were traded only right, just an investment, So

765
00:35:26,200 --> 00:35:29,760
Speaker 6: moral investing. I'm gonna be very honest. In a recession

766
00:35:29,800 --> 00:35:32,880
Speaker 6: or any down market, I'm happiest, Oh my god, like

767
00:35:33,320 --> 00:35:37,480
Speaker 6: have you ever seen the opportunity so big, and most

768
00:35:37,520 --> 00:35:40,160
Speaker 6: people are passing it by. When the market is dropping,

769
00:35:40,280 --> 00:35:43,960
Speaker 6: notice that all the billionaires and millionaires go quiet because

770
00:35:43,960 --> 00:35:45,040
Speaker 6: they're actively investing.

771
00:35:45,760 --> 00:35:48,000
Speaker 5: Just told yo on the oil move. Y'all saw her

772
00:35:48,280 --> 00:35:51,280
Speaker 5: hair laid loop of tan's on this going here?

773
00:35:51,800 --> 00:35:53,480
Speaker 3: It went there? Did you follow? Right?

774
00:35:54,160 --> 00:35:56,000
Speaker 5: You have to follow because most people that are rich

775
00:35:56,080 --> 00:35:59,120
Speaker 5: cannot be super real with y'all. Any investment or money

776
00:35:59,120 --> 00:36:01,400
Speaker 5: making secret is to be kept inside of a family

777
00:36:01,440 --> 00:36:01,960
Speaker 5: and not share.

778
00:36:02,080 --> 00:36:04,200
Speaker 3: Oh that's facts. They're not supposed to go and.

779
00:36:04,200 --> 00:36:06,880
Speaker 5: See and bit see and share anything with you, not

780
00:36:07,000 --> 00:36:09,919
Speaker 5: one thing. So take all of this information and pair

781
00:36:09,960 --> 00:36:13,200
Speaker 5: it together. And when the market falls apart, look at lumber,

782
00:36:13,920 --> 00:36:17,480
Speaker 5: look at crude, look at gold, look at oil, look

783
00:36:17,480 --> 00:36:20,360
Speaker 5: at natural gas. Look at the VX, which is the

784
00:36:20,520 --> 00:36:23,520
Speaker 5: volatility futures. So if the market is falling apart and

785
00:36:23,520 --> 00:36:25,600
Speaker 5: they're like, oh my god, Putin is gonna take over,

786
00:36:26,200 --> 00:36:29,319
Speaker 5: VICS will probably shoot to three hundred. Great, let me

787
00:36:29,400 --> 00:36:32,960
Speaker 5: ride that up, because once again, at all costs, I gotta.

788
00:36:32,800 --> 00:36:34,520
Speaker 3: Take care of his chewed ass.

789
00:36:35,080 --> 00:36:37,400
Speaker 5: The reason why some of you have not been dedicated

790
00:36:37,400 --> 00:36:39,279
Speaker 5: to this because you don't have a why big enough,

791
00:36:39,600 --> 00:36:41,399
Speaker 5: or you don't feel that you're worthy to be rich.

792
00:36:42,360 --> 00:36:43,920
Speaker 3: I see it in some of y'all energy.

793
00:36:45,080 --> 00:36:48,880
Speaker 5: You deserve this damn near Oh y'all smarter than me.

794
00:36:49,560 --> 00:36:51,040
Speaker 5: Here's what does not happen.

795
00:36:52,360 --> 00:36:54,480
Speaker 3: This. I be real, We'll go party.

796
00:36:54,719 --> 00:36:57,279
Speaker 5: I'll miss being an intern for Troy, But when we

797
00:36:57,280 --> 00:36:59,520
Speaker 5: get in at five, I'm still in the market three

798
00:36:59,600 --> 00:37:03,480
Speaker 5: four hours. Treat this like it's the most important thing

799
00:37:03,560 --> 00:37:05,440
Speaker 5: that you're ever going to come across, because guess what

800
00:37:05,960 --> 00:37:08,759
Speaker 5: most of us sitting in here, we were not exposed

801
00:37:08,760 --> 00:37:13,399
Speaker 5: to this intentionally. Right, So when you pair all those

802
00:37:13,400 --> 00:37:16,200
Speaker 5: commodities together and you're able to trade, especially my snipers

803
00:37:16,200 --> 00:37:18,719
Speaker 5: in here, you should never be in a recession under

804
00:37:18,719 --> 00:37:21,319
Speaker 5: no circumstances. And it's one of the best feelings on

805
00:37:21,360 --> 00:37:24,680
Speaker 5: earth to never have to worry about your portfolio being down.

806
00:37:24,920 --> 00:37:26,600
Speaker 3: Let me say this before we go trup, before we

807
00:37:26,719 --> 00:37:27,560
Speaker 3: get to the next thing.

808
00:37:27,960 --> 00:37:30,080
Speaker 2: I want you to understand this, and it's real talk, right,

809
00:37:30,160 --> 00:37:33,200
Speaker 2: like the stock market is a machine that teaches us

810
00:37:33,200 --> 00:37:34,040
Speaker 2: how to print money.

811
00:37:35,160 --> 00:37:38,640
Speaker 3: But also if you don't, this is real talk.

812
00:37:38,920 --> 00:37:40,839
Speaker 2: So my daal I like how you talk about one

813
00:37:40,840 --> 00:37:43,720
Speaker 2: thing you understand is like you're dead longer than you're alive.

814
00:37:44,040 --> 00:37:46,000
Speaker 2: Let's put that in our head, right, quay, Right, So

815
00:37:46,040 --> 00:37:48,359
Speaker 2: when people say wealthy people are greedy, no, they just

816
00:37:48,400 --> 00:37:50,680
Speaker 2: making sure they got money for the next few generations.

817
00:37:51,080 --> 00:37:51,239
Speaker 3: Right.

818
00:37:51,239 --> 00:37:53,000
Speaker 2: You call me greedy all you want, but as long

819
00:37:53,040 --> 00:37:55,640
Speaker 2: as that machine printing money, I gotta collect money to

820
00:37:55,719 --> 00:37:57,399
Speaker 2: make sure every generation is good.

821
00:37:57,760 --> 00:37:58,840
Speaker 3: I want you to understand this.

822
00:37:58,920 --> 00:38:01,359
Speaker 2: If you don't get into financial literacy, you don't learn

823
00:38:01,400 --> 00:38:04,560
Speaker 2: how to use this market. You a one giving birth

824
00:38:04,719 --> 00:38:08,480
Speaker 2: to the next generation of slaves. I want you to

825
00:38:08,560 --> 00:38:08,920
Speaker 2: sit on that.

826
00:38:09,239 --> 00:38:12,840
Speaker 5: Let me tie you in now with automation, you guys

827
00:38:13,040 --> 00:38:15,480
Speaker 5: have understand the change from two thousand to now and

828
00:38:15,520 --> 00:38:18,320
Speaker 5: how to even apply for a job. There's a bunch

829
00:38:18,320 --> 00:38:20,799
Speaker 5: of loopholes you have to jump through to even get

830
00:38:20,840 --> 00:38:23,680
Speaker 5: to the interview process. By twenty thirty, they want to

831
00:38:23,719 --> 00:38:28,120
Speaker 5: automate damn near every job on Earth. So while, and

832
00:38:28,160 --> 00:38:30,120
Speaker 5: I'll say this to an NFT space and all that,

833
00:38:31,920 --> 00:38:35,239
Speaker 5: do you guys realize for the last two years they

834
00:38:35,320 --> 00:38:39,200
Speaker 5: got black people to invest in monkeys and dogs while

835
00:38:39,239 --> 00:38:41,520
Speaker 5: making fun of us and taking our money from us.

836
00:38:43,840 --> 00:38:45,399
Speaker 3: But Doge was going to the moon.

837
00:38:46,880 --> 00:38:49,080
Speaker 5: You have to Okay, now go when y'all get done,

838
00:38:49,360 --> 00:38:52,680
Speaker 5: go look at board ape yacht club and go see

839
00:38:53,680 --> 00:38:58,040
Speaker 5: the imagery of how it's connected to Nazism.

840
00:38:58,239 --> 00:38:59,880
Speaker 3: It's damn near the same imagery.

841
00:39:00,080 --> 00:39:02,960
Speaker 5: But they know we won't study long enough to say,

842
00:39:03,000 --> 00:39:05,919
Speaker 5: and now look how many billions of dollars they've made

843
00:39:05,960 --> 00:39:08,880
Speaker 5: off of us in our culture, and then the music

844
00:39:08,880 --> 00:39:12,400
Speaker 5: industry gonna come in with more NFTs and continue to

845
00:39:12,480 --> 00:39:13,040
Speaker 5: rob us.

846
00:39:13,640 --> 00:39:14,839
Speaker 3: All we need is us.

847
00:39:15,480 --> 00:39:17,279
Speaker 5: And if we study this shit and know this like

848
00:39:17,320 --> 00:39:19,560
Speaker 5: the back of our hand and have the same debates

849
00:39:19,600 --> 00:39:22,759
Speaker 5: about Lebron versus Jordan, We're not gonna do that here tonight, right,

850
00:39:23,239 --> 00:39:25,480
Speaker 5: But we have to know this market the same way

851
00:39:25,520 --> 00:39:26,360
Speaker 5: that we know sports.

852
00:39:26,680 --> 00:39:27,680
Speaker 3: If we want to be free.

853
00:39:27,800 --> 00:39:31,880
Speaker 4: That's that's important. Yeah, shout shouts to shout to eyl

854
00:39:31,920 --> 00:39:34,040
Speaker 4: Alum Chris Senegogu walked in the building without Chris.

855
00:39:34,120 --> 00:39:36,839
Speaker 3: Chris is super legend. Each town onned by the block

856
00:39:36,880 --> 00:39:37,200
Speaker 3: for real.

857
00:39:37,520 --> 00:39:41,319
Speaker 4: So we talk about crisis, right, and obviously we'd be

858
00:39:41,360 --> 00:39:43,960
Speaker 4: remiss to ignore what's happening in Ukraine and Russia, the

859
00:39:44,000 --> 00:39:46,839
Speaker 4: conflict that has happening there, and then the headlines is

860
00:39:46,920 --> 00:39:49,319
Speaker 4: you know, we can't hide from it, right. But one

861
00:39:49,320 --> 00:39:52,319
Speaker 4: of the underlying themes that people I think kind of

862
00:39:52,320 --> 00:39:55,839
Speaker 4: missing is the cybersecurity component of it, right, Because when

863
00:39:55,840 --> 00:39:59,719
Speaker 4: you talk about seizing accounts and closing accounts, right, then

864
00:39:59,719 --> 00:40:02,040
Speaker 4: people pop will start to get resilient and figure out

865
00:40:02,080 --> 00:40:03,520
Speaker 4: a way to how they're going to get money.

866
00:40:03,560 --> 00:40:05,319
Speaker 3: Right, it might be through crypto, but it might be

867
00:40:05,360 --> 00:40:06,040
Speaker 3: some other ways.

868
00:40:06,200 --> 00:40:08,359
Speaker 4: So can we talk about the importance, especially in times

869
00:40:08,400 --> 00:40:12,160
Speaker 4: of crisis of having cybersecurity. I know, the CEO CrowdStrike

870
00:40:12,239 --> 00:40:14,200
Speaker 4: was on CNBC the other morning and he was just saying,

871
00:40:14,200 --> 00:40:18,240
Speaker 4: like the level of fraud that he's seeing right now

872
00:40:18,719 --> 00:40:20,279
Speaker 4: is at an all time high. It's like a forty

873
00:40:20,280 --> 00:40:22,720
Speaker 4: two percent increase in incidents. So talk about the importance

874
00:40:22,760 --> 00:40:23,560
Speaker 4: of cybersecurity.

875
00:40:23,960 --> 00:40:27,239
Speaker 2: So y'all know, I've been like we talked about crist

876
00:40:27,280 --> 00:40:29,440
Speaker 2: trick at I think fifty seven dollars when I went

877
00:40:29,480 --> 00:40:31,759
Speaker 2: on EEL one time, and I was like, Yo, this

878
00:40:31,840 --> 00:40:33,960
Speaker 2: is going to be a leading industry, right, yeah, right,

879
00:40:34,040 --> 00:40:36,440
Speaker 2: So the greatest way to make money in the market

880
00:40:36,440 --> 00:40:38,799
Speaker 2: to see what's going on in the future, right, the

881
00:40:38,840 --> 00:40:42,879
Speaker 2: way war is changing. So the US now spends one

882
00:40:43,000 --> 00:40:47,200
Speaker 2: they say, right now they're spending one point five trillion

883
00:40:47,400 --> 00:40:54,400
Speaker 2: dollars on cybersecurity. They're having an estimated insurance cost of

884
00:40:54,480 --> 00:40:59,480
Speaker 2: full trillion dollars a year. That's in the last three years, right,

885
00:41:00,040 --> 00:41:05,960
Speaker 2: getting small and learning how to hack Russia Iran. Iran

886
00:41:06,080 --> 00:41:08,200
Speaker 2: leads the world in technology. In order to be a

887
00:41:08,200 --> 00:41:10,920
Speaker 2: super power, you gotta be great at technology. America is

888
00:41:11,000 --> 00:41:12,239
Speaker 2: number four on the list. That I mean, they got

889
00:41:12,280 --> 00:41:15,279
Speaker 2: three other countries. That's in front of America. Right, So

890
00:41:15,320 --> 00:41:18,600
Speaker 2: if people learn how to hack for me again, I'm

891
00:41:18,640 --> 00:41:21,399
Speaker 2: cool with learning the business of America. I don't got

892
00:41:21,400 --> 00:41:22,759
Speaker 2: to be the smartest. The hardest thing to do is

893
00:41:22,760 --> 00:41:24,560
Speaker 2: build a billion dollar business. That was the easiest thing

894
00:41:24,600 --> 00:41:28,239
Speaker 2: to do is invest in one. I ain't that small.

895
00:41:28,280 --> 00:41:31,560
Speaker 2: I sold it my whole life. I'm just saying, but

896
00:41:31,719 --> 00:41:35,120
Speaker 2: I know how to break down a business. So CrowdStrike, Fortnite,

897
00:41:35,400 --> 00:41:38,839
Speaker 2: z Scaler, these are business that I love. These are

898
00:41:38,880 --> 00:41:40,560
Speaker 2: business that I love. You don't like to get them

899
00:41:40,600 --> 00:41:43,200
Speaker 2: one on one get hacked, right, that's an ETF for

900
00:41:43,440 --> 00:41:46,719
Speaker 2: cybersecurity hack. It'll take you a long way. Cybersecurity is

901
00:41:46,760 --> 00:41:49,799
Speaker 2: an industry that will only keep on Those businesses will

902
00:41:49,840 --> 00:41:50,759
Speaker 2: keep on multiplying.

903
00:41:50,800 --> 00:41:54,080
Speaker 3: Why because as we get further and further and further.

904
00:41:53,840 --> 00:41:58,200
Speaker 2: Into technology, more businesses will need technology more businesses will

905
00:41:58,239 --> 00:42:01,840
Speaker 2: need chips and for every ins there's a bunch of

906
00:42:01,840 --> 00:42:05,160
Speaker 2: criminals waiting to bring it in. I'm just saying so

907
00:42:05,160 --> 00:42:07,719
Speaker 2: cybersecurity is definitely at the top of the at his new.

908
00:42:07,640 --> 00:42:09,920
Speaker 3: Frontier, he knocked it out the park and nothing knows

909
00:42:09,960 --> 00:42:10,800
Speaker 3: to say.

910
00:42:11,480 --> 00:42:16,080
Speaker 4: So I'll go to this with you Ian again. The

911
00:42:16,120 --> 00:42:21,040
Speaker 4: conflict in Russia and Ukraine obviously headlines everywhere. We know

912
00:42:21,080 --> 00:42:24,160
Speaker 4: about the oil the exports that Russia has in the

913
00:42:24,160 --> 00:42:28,080
Speaker 4: European countries. But how directly does the conflict there affect

914
00:42:28,200 --> 00:42:29,960
Speaker 4: us here? Because a lot of times people are looking

915
00:42:29,960 --> 00:42:31,920
Speaker 4: at like, well, the market was up today, the market

916
00:42:31,960 --> 00:42:34,359
Speaker 4: was up yesterday, it was up today again. Right, how

917
00:42:34,440 --> 00:42:37,640
Speaker 4: much impact does that conflict have on us here?

918
00:42:39,280 --> 00:42:39,640
Speaker 3: A ton?

919
00:42:39,680 --> 00:42:41,680
Speaker 5: Does anyone know the real reason we put all those

920
00:42:41,680 --> 00:42:45,799
Speaker 5: sanctions on the Ukraine? There's a game inside of the game.

921
00:42:45,800 --> 00:42:49,640
Speaker 5: It's the stuff that you get told on headlines. Yeah, Ussia, Yeah,

922
00:42:49,719 --> 00:42:56,120
Speaker 5: Russia and Ukraine. Does anybody know the real reason? You

923
00:42:56,160 --> 00:43:05,360
Speaker 5: said again, you said, that's one of the reasons, main reason.

924
00:43:05,520 --> 00:43:11,000
Speaker 5: Whose son has a business in Ukraine. So if you

925
00:43:11,120 --> 00:43:14,160
Speaker 5: choose to go to war with my child and I'm

926
00:43:14,200 --> 00:43:17,160
Speaker 5: invested in that business, you go to war with me.

927
00:43:18,719 --> 00:43:22,520
Speaker 3: We saw with Bush they let that slide. Then Baby

928
00:43:22,520 --> 00:43:23,200
Speaker 3: Bush came in.

929
00:43:23,960 --> 00:43:26,000
Speaker 5: And if anyone does anything the same way and say

930
00:43:26,000 --> 00:43:27,560
Speaker 5: with my father, hey I'm puting every dollar. I can

931
00:43:27,719 --> 00:43:31,480
Speaker 5: go ahead, go get him. It's deeper than what we're

932
00:43:31,480 --> 00:43:33,840
Speaker 5: seeing on the surface level. What the war did in

933
00:43:33,920 --> 00:43:40,080
Speaker 5: this crisis exposed is how leveraged America is, how much

934
00:43:40,160 --> 00:43:44,279
Speaker 5: debt we have, and post COVID and post printing, we're

935
00:43:44,320 --> 00:43:46,520
Speaker 5: not as strong as we used to be. I keep

936
00:43:46,560 --> 00:43:50,120
Speaker 5: saying it like America's like Steven Siaga was real tough

937
00:43:50,120 --> 00:43:52,640
Speaker 5: in like the seventies and eighties, flippy.

938
00:43:52,320 --> 00:43:56,719
Speaker 3: And sick right now like yo retired family. We need

939
00:43:56,760 --> 00:43:59,880
Speaker 3: somebody else, somebody when he was Paris coming down, look

940
00:43:59,920 --> 00:44:02,359
Speaker 3: at like the crypt keeper. Look how you lead right.

941
00:44:03,640 --> 00:44:06,440
Speaker 5: So now I've been telling you about this Russia and

942
00:44:06,680 --> 00:44:10,680
Speaker 5: China tie forever. This is the proxy for China to

943
00:44:10,760 --> 00:44:12,120
Speaker 5: take pole position.

944
00:44:12,520 --> 00:44:13,280
Speaker 3: That's facts.

945
00:44:13,960 --> 00:44:15,640
Speaker 5: So that's why it's important for you to get all

946
00:44:15,680 --> 00:44:17,960
Speaker 5: your money together. And everyone's going to say it's a

947
00:44:17,960 --> 00:44:20,399
Speaker 5: conspiracy theory. I was talking about this ten months ago.

948
00:44:20,520 --> 00:44:23,320
Speaker 5: I posted it last night. I got told about the

949
00:44:23,400 --> 00:44:29,840
Speaker 5: Russian crisis in twenty fifteen. Some tech people here south

950
00:44:29,840 --> 00:44:32,960
Speaker 5: By Southwest. I remember when Garyvee was running around. Yeah,

951
00:44:32,960 --> 00:44:34,120
Speaker 5: don't leave, what are you doing?

952
00:44:35,120 --> 00:44:39,560
Speaker 3: OK? Up here? I know I ain't boring, goddamn.

953
00:44:41,160 --> 00:44:44,359
Speaker 5: But you also, in every investment you have to say,

954
00:44:44,719 --> 00:44:48,359
Speaker 5: if the world falls apart, will this investment hold up?

955
00:44:48,400 --> 00:44:50,839
Speaker 5: And here's the true test. If my life and all

956
00:44:50,880 --> 00:44:52,920
Speaker 5: of my family's life was on the line, what I

957
00:44:53,040 --> 00:44:56,719
Speaker 5: invest in this? That kills a lot of investments overall.

958
00:44:56,800 --> 00:44:59,320
Speaker 5: But the crisis is going to affect us dearly because

959
00:44:59,360 --> 00:45:01,440
Speaker 5: it exposes the underlying issues that we've had for the

960
00:45:01,480 --> 00:45:02,560
Speaker 5: last ten years.

961
00:45:03,640 --> 00:45:07,360
Speaker 4: One of the investments and that won't go anywhere is

962
00:45:07,440 --> 00:45:10,520
Speaker 4: laying and travel won't come to you because he did

963
00:45:10,560 --> 00:45:12,799
Speaker 4: something a few few months ago with our brother him

964
00:45:12,800 --> 00:45:15,200
Speaker 4: five hundreds out to him hundred clap off him on time.

965
00:45:15,040 --> 00:45:17,719
Speaker 3: For him five hundred. Yeah, I actually bought laying and

966
00:45:17,719 --> 00:45:18,840
Speaker 3: we called an asset Allen.

967
00:45:18,920 --> 00:45:22,239
Speaker 4: So I never taught herd you talking depth about the

968
00:45:22,280 --> 00:45:24,400
Speaker 4: move and the thinking behind it and all the benefits

969
00:45:24,400 --> 00:45:26,240
Speaker 4: associated with asset Allen.

970
00:45:26,520 --> 00:45:29,600
Speaker 3: So why'd you make the move and what are the benefits?

971
00:45:30,160 --> 00:45:32,600
Speaker 3: So we under we under understand.

972
00:45:33,239 --> 00:45:34,960
Speaker 2: First of all, you got to be around Pete with

973
00:45:34,960 --> 00:45:36,520
Speaker 2: that when you bring great investment to them.

974
00:45:36,560 --> 00:45:39,319
Speaker 3: They just believe in the vision like that. I was like, bro,

975
00:45:39,320 --> 00:45:40,640
Speaker 3: I'm about to buy a farm. You want to buy?

976
00:45:40,640 --> 00:45:42,080
Speaker 3: He was like, hell yeah, how much? He didn't even

977
00:45:42,080 --> 00:45:43,879
Speaker 3: make me how much it cast? You call me though.

978
00:45:45,239 --> 00:45:46,640
Speaker 3: He was the first one on and we went on.

979
00:45:47,640 --> 00:45:49,640
Speaker 3: We went on two together, so we were just like,

980
00:45:49,760 --> 00:45:53,919
Speaker 3: he won't play that's a good business. Partnership leads profitability.

981
00:45:53,960 --> 00:45:54,520
Speaker 3: We just went on.

982
00:45:54,719 --> 00:45:56,799
Speaker 2: We went on tour together. So he was already on

983
00:45:56,840 --> 00:45:59,360
Speaker 2: the front of my brain. And when I said it,

984
00:45:59,400 --> 00:46:02,480
Speaker 2: he was like bet. I was like, it cost this much.

985
00:46:02,480 --> 00:46:04,160
Speaker 2: I was like, I don't care if you got the

986
00:46:04,239 --> 00:46:06,160
Speaker 2: vision for it. I believe in you. Let's do it.

987
00:46:06,640 --> 00:46:09,280
Speaker 2: So for me, I just understood that there's a reason

988
00:46:09,320 --> 00:46:11,160
Speaker 2: why Bill Gates is the number one.

989
00:46:11,080 --> 00:46:12,120
Speaker 3: Land on in America.

990
00:46:12,160 --> 00:46:14,400
Speaker 2: The man owned two hundred and ninety six thousand eggas

991
00:46:14,400 --> 00:46:18,160
Speaker 2: of land and nineteen different states. There's a reason behind

992
00:46:18,160 --> 00:46:22,840
Speaker 2: that because that's the one thing that they cannot produce

993
00:46:22,880 --> 00:46:25,480
Speaker 2: more of. So for me, when we look at the

994
00:46:25,520 --> 00:46:29,200
Speaker 2: triangle offense that we talked about earlier, you gotta have land, right,

995
00:46:29,280 --> 00:46:31,960
Speaker 2: so we can go in and buy all kinds of

996
00:46:31,960 --> 00:46:35,000
Speaker 2: stuff together, right, Why can't we go in and buy

997
00:46:35,080 --> 00:46:38,879
Speaker 2: some land one because land owners get the biggest tax

998
00:46:38,880 --> 00:46:41,080
Speaker 2: breaks in America.

999
00:46:41,239 --> 00:46:43,000
Speaker 3: Right. I helped Rick Ross get a bull. That was

1000
00:46:43,040 --> 00:46:43,680
Speaker 3: a partnership.

1001
00:46:43,680 --> 00:46:46,000
Speaker 2: So I get cool with the bull people because guess

1002
00:46:46,000 --> 00:46:47,160
Speaker 2: why once I put a bull.

1003
00:46:47,280 --> 00:46:49,080
Speaker 3: Once we put a couple of bulls on. I told

1004
00:46:49,080 --> 00:46:49,640
Speaker 3: the play to him.

1005
00:46:49,680 --> 00:46:51,479
Speaker 2: I said, bro, we're gonna help Ross get this bull,

1006
00:46:51,600 --> 00:46:53,000
Speaker 2: and then we're gonna go to them and get two

1007
00:46:53,000 --> 00:46:54,640
Speaker 2: bulls and seven cows.

1008
00:46:54,719 --> 00:46:57,640
Speaker 3: You know why because now everything on the land becomes free.

1009
00:46:57,719 --> 00:46:59,839
Speaker 5: And then if you look at the counter futures market,

1010
00:47:00,040 --> 00:47:01,799
Speaker 5: he'll know the best price in wish to bother.

1011
00:47:01,840 --> 00:47:04,720
Speaker 3: This that's the fact that Ross facts.

1012
00:47:04,800 --> 00:47:08,920
Speaker 2: So it was like understanding how not to You know,

1013
00:47:08,960 --> 00:47:14,480
Speaker 2: there's a difference between tax avoidance, right, that's cool, So

1014
00:47:14,560 --> 00:47:15,960
Speaker 2: you just find ways.

1015
00:47:16,160 --> 00:47:16,759
Speaker 3: Well, I don't.

1016
00:47:17,120 --> 00:47:20,320
Speaker 2: Wealth preservation is the one thing nobody talks about. There's

1017
00:47:20,360 --> 00:47:23,600
Speaker 2: there's three levels to wealth. Right, there's wealth creation, there's

1018
00:47:23,640 --> 00:47:25,960
Speaker 2: wealth accumulation, and then there's wealth preservation.

1019
00:47:26,520 --> 00:47:28,319
Speaker 3: The last part of the part we always miss.

1020
00:47:28,680 --> 00:47:30,839
Speaker 2: It's the most important. It's the most important. So how

1021
00:47:30,840 --> 00:47:33,560
Speaker 2: do I put myself in situation? So one we get

1022
00:47:33,600 --> 00:47:36,959
Speaker 2: the land. That's that's an asset that's gonna keep going.

1023
00:47:41,120 --> 00:47:42,880
Speaker 2: All right, cool, we all right, that's the remix, he

1024
00:47:42,960 --> 00:47:45,799
Speaker 2: add living It's okay. And then the next thing was

1025
00:47:45,880 --> 00:47:49,920
Speaker 2: how do we now produce agriculture? So real estate is

1026
00:47:49,960 --> 00:47:53,000
Speaker 2: one thing, and then agriculture is another thing. Their first

1027
00:47:53,000 --> 00:47:55,839
Speaker 2: cousins in the land area, right, So how do we

1028
00:47:55,880 --> 00:47:56,560
Speaker 2: now get that?

1029
00:47:56,760 --> 00:47:56,920
Speaker 3: Right?

1030
00:47:56,960 --> 00:48:02,240
Speaker 2: So now we produce livestock and vegetation from the land.

1031
00:48:03,000 --> 00:48:06,239
Speaker 2: We give some of the vegetation away, it's another write off,

1032
00:48:06,600 --> 00:48:09,640
Speaker 2: and then we produce cattle on the land.

1033
00:48:10,360 --> 00:48:11,640
Speaker 3: I don't want to butcher the cow.

1034
00:48:11,719 --> 00:48:17,000
Speaker 2: I'm gonna sell and produce cow, right, and chickens and lambs,

1035
00:48:17,360 --> 00:48:18,839
Speaker 2: and so he like, bro, you're out your mind.

1036
00:48:18,840 --> 00:48:21,280
Speaker 3: I'm like, that's that's another trap house for me. It's okay.

1037
00:48:21,440 --> 00:48:23,440
Speaker 3: More commodityes, Well, there's more commodities.

1038
00:48:23,520 --> 00:48:25,719
Speaker 2: I can help Ian in the futures market, telling him

1039
00:48:25,719 --> 00:48:28,480
Speaker 2: what I'm paying for my cows. And so now we

1040
00:48:28,600 --> 00:48:32,080
Speaker 2: now can write off all of that. And now that

1041
00:48:32,200 --> 00:48:35,239
Speaker 2: affects other parts of my life and business where I'm

1042
00:48:35,280 --> 00:48:38,480
Speaker 2: writing off so much taxes on this, where other parts

1043
00:48:38,520 --> 00:48:39,560
Speaker 2: of my life become free.

1044
00:48:39,680 --> 00:48:41,080
Speaker 3: I want everybody to understand this.

1045
00:48:41,320 --> 00:48:43,040
Speaker 2: If you're in a phase while you're still looking for

1046
00:48:43,080 --> 00:48:45,440
Speaker 2: an income tax refunt. You ain't switched over to how

1047
00:48:45,440 --> 00:48:48,280
Speaker 2: to build wealth yet because wealthy people don't get income taxes.

1048
00:48:49,480 --> 00:48:51,160
Speaker 3: Feel I know y'all ain't kept like shit. Try to

1049
00:48:51,160 --> 00:48:54,640
Speaker 3: look for that. I gotta up with that trip and

1050
00:48:54,680 --> 00:48:56,520
Speaker 3: that's the reop money, Yo.

1051
00:48:56,600 --> 00:48:58,839
Speaker 4: That's what I may clap it up for that play

1052
00:48:58,880 --> 00:49:00,919
Speaker 4: right there. Shout out to y'all for that's an amazing play.

1053
00:49:02,000 --> 00:49:03,960
Speaker 4: I'll be remiss, they tell me, I gotta wrap it up,

1054
00:49:03,960 --> 00:49:06,560
Speaker 4: But I'd be remiss if I didn't ask you to

1055
00:49:06,840 --> 00:49:10,160
Speaker 4: personally if there's some stocks or some ETFs or some

1056
00:49:10,280 --> 00:49:12,439
Speaker 4: ns is that they should have on their watch list

1057
00:49:13,280 --> 00:49:13,760
Speaker 4: right now.

1058
00:49:14,080 --> 00:49:15,840
Speaker 3: Uh, I mean you go first.

1059
00:49:16,160 --> 00:49:18,919
Speaker 2: So one of the ones I'm looking for is called

1060
00:49:19,440 --> 00:49:24,280
Speaker 2: uh Sharp Sharp Commerce. So they are the leading industry

1061
00:49:24,360 --> 00:49:30,080
Speaker 2: in disposing medical supplies for hospitals and industries like that.

1062
00:49:30,200 --> 00:49:33,600
Speaker 2: So they're gonna lead in uh waste as it is,

1063
00:49:34,120 --> 00:49:36,799
Speaker 2: and all those stuff that hospitals throw away, they'll lead

1064
00:49:36,840 --> 00:49:37,120
Speaker 2: it in that.

1065
00:49:37,360 --> 00:49:38,719
Speaker 3: So I know it's s m ed.

1066
00:49:39,120 --> 00:49:42,600
Speaker 2: That's why I'm looking at. And cybersecurity is fortnite, ftn.

1067
00:49:42,200 --> 00:49:44,840
Speaker 5: T perfect and what you got you already know my

1068
00:49:44,920 --> 00:49:52,320
Speaker 5: answer VT I Apple, Microsoft. Now I'm going to be

1069
00:49:52,400 --> 00:49:55,240
Speaker 5: for real. For those of you in healthcare, you're sleeping

1070
00:49:55,320 --> 00:50:00,480
Speaker 5: on Striker, please don't. Striker has a medical mafia in

1071
00:50:00,560 --> 00:50:04,280
Speaker 5: the hospital space. So if we go to war, people

1072
00:50:04,400 --> 00:50:09,040
Speaker 5: still have to Striker go into hospitals and occupy those bands.

1073
00:50:09,480 --> 00:50:11,719
Speaker 5: One of the best businesses that I've seen. Stock Price

1074
00:50:11,800 --> 00:50:15,520
Speaker 5: is amazing and they almost have no competition. Ask anyone

1075
00:50:15,600 --> 00:50:16,239
Speaker 5: that you know this is a.

1076
00:50:16,280 --> 00:50:19,240
Speaker 3: Doctor or nurse who is the top peeditor competitor. Striker

1077
00:50:20,120 --> 00:50:23,480
Speaker 3: don't like thermal Fisher too. That's yeah, yeah, that's like

1078
00:50:23,520 --> 00:50:26,680
Speaker 3: Thermo fish, they tell them. So we got to wrap up.

1079
00:50:26,680 --> 00:50:28,520
Speaker 4: We gotta wrap up. So first of all, I want

1080
00:50:28,520 --> 00:50:30,680
Speaker 4: to thank both of you, gentlemen. First time seven happened.

1081
00:50:30,800 --> 00:50:32,759
Speaker 4: Cop it up for a Wall Street trapping Ian dun Left,

1082
00:50:33,200 --> 00:50:35,840
Speaker 4: thank you. I want to shout out an Ilive family

1083
00:50:35,920 --> 00:50:38,719
Speaker 4: are united, massive family obviously the uy l fam that's

1084
00:50:38,880 --> 00:50:39,920
Speaker 4: ever making this happen.

1085
00:50:40,200 --> 00:50:42,240
Speaker 3: This has been incredible. You'll tap it up for yourselves.

1086
00:50:44,239 --> 00:50:50,279
Speaker 3: My graduates from my school being forced back. Drop drop, Mike,

1087
00:50:50,400 --> 00:50:51,759
Speaker 3: drop drop.

1088
00:51:03,400 --> 00:51:07,239
Speaker 1: You just realized your business needed to hire someone yesterday.

1089
00:51:07,800 --> 00:51:12,480
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1090
00:51:12,960 --> 00:51:15,640
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1091
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1092
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1093
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1094
00:51:25,200 --> 00:51:29,080
Speaker 1: Indeed data, sponsored jobs posted directly on Indeed have forty

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Speaker 1: five percent more applications than non sponsored jobs. Don't wait

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Speaker 1: any longer, speed up your hiring right now with Indeed,

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Speaker 1: and listeners of this show will get a seventy five

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Speaker 1: dollars sponsored job credit to get your jobs more visibility

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Speaker 1: at indeed dot com slash pod Katz thirteen. Just go

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Speaker 1: to Indeed dot com slash pod katz thirteen right now

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Speaker 1: and support our show by saying you heard about Indeed

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Speaker 1: on this podcast. Terms and conditions apply. Hiring Indeed is

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Speaker 1: all you need