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Speaker 1: Hey, ba fan, here's another how to throw back. In

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Speaker 1: this episode, I got a chance to sit down with

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Speaker 1: the home dizzle re Meet Sethi. Yeah, this episode is

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Speaker 1: called how to Get Rich with re Meet Sethi. This

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Speaker 1: is one of our top episodes of twenty twenty three.

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Speaker 1: And of course because for Me is like the mom

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Speaker 1: dot com you already know, I will teach you to

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Speaker 1: be rich is like a top first of all, to

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Speaker 1: one of the number one financial books out there. Also

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Speaker 1: to has a Netflix special based upon it. Dive in,

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Speaker 1: dig in and let me know what you think at

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Speaker 1: the end. Hey, hey, hey, we're back. We're extra well,

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Speaker 1: not black, but extra brown. Ambition, ambition, ambition, ambition, ambition.

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Speaker 1: Welcome ba Faan. I'm so excited because we have one

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Speaker 1: of the oh geez in the game on Brown and

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Speaker 1: Vision today. You know, y'all always want to call me

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Speaker 1: somebody's auntie, not you third year old. You tried it,

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Speaker 1: but I will say for me has been in the

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Speaker 1: game longer than me. Let me tell you a little something.

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Speaker 1: F First of all, let me tell you how it

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Speaker 1: was introduced to remed so y'all knew. I grew up

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Speaker 1: in the household where my dad talked about money to

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Speaker 1: my sister's and I'm happy Father's Day just passed. And

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Speaker 1: he born and raised in Nigeria, super super immigrant house school.

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Speaker 1: It was like Nigeria in the house in like America

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Speaker 1: every place else. And I can distinctly remember my older sister,

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Speaker 1: Karen going to school college. She went to Rutgers and

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

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Speaker 1: and her being like, cause, you know, we listened to

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Speaker 1: my dad, but who's trying to listen to your parents?

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Speaker 1: And she was like, oh my god, I have this

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Speaker 1: book and he knows exactly. She's like, it's a money book.

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Speaker 1: But it's like he grew up the way we grew

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Speaker 1: up with like these immigrant parents. And you're like, what

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Speaker 1: are you talking about? She was like, he's really funny,

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Speaker 1: and I remember this thing and I have if anybody

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Speaker 1: knows me, I got the worst memory possible. And she

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Speaker 1: showed me and it was I will teach you to

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Speaker 1: be rich. And she was like, he's walking me step

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Speaker 1: by step. I've had to manify money because she had

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

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Speaker 1: cut co nive. Sorry to put your business on blast

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Speaker 1: care because she listens. Oh wow, girl, it was a

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

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

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Speaker 1: and so I remember thinking that was the very first.

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

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Speaker 1: two years younger than her and I was still in

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Speaker 1: high school. I didn't I never thought about books on money,

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Speaker 1: and I guess I probably thought about it. Was like

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Speaker 1: for like, I don't know old people, and she was

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Speaker 1: so excited about it and showing me like little lines.

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Speaker 1: If you don't know, meat has quite the personality, so

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Speaker 1: she was showing me different lines inside the book, and

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Speaker 1: I was like, really. So that's how I was first

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Speaker 1: introduced to Remat. Remeat is the host of Netflix's hit

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Speaker 1: show How to Get Rich and the author of the

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Speaker 1: New York Times bestseller I Will Teach You to Be Rich.

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

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Speaker 1: and his no nonsense approach to designing and living a

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Speaker 1: rich life. Okay. He was born in California to an

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Speaker 1: Indian immigrant to born in California to Indian immigrant parents.

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Speaker 1: He attended Stanford. Oh he's a smarties, that's why I

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Speaker 1: forgot about that on scholarship, where he studied technology, psychology,

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Speaker 1: and persuasion, earning undergraduate and graduate degrees. Remi began his

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Speaker 1: company I Will Teach You to Be Rich from his

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Speaker 1: college dorm room in two thousand and four. His goal

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Speaker 1: was to reframe the way we think about money, so

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Speaker 1: in two thousand and nine he published his book, his

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Speaker 1: first book, I Will Teach You to Be Rich, which

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Speaker 1: quickly became in New York Times bestseller and cemented his

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Speaker 1: reputation as a leading voice in personal finance. Remi also

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Speaker 1: hosts a popular podcast call I Will Teach You to

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Speaker 1: Be Rich, which features real couples sharing real stories with

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Speaker 1: real numbers from behind closed doors. His influence in the

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Speaker 1: personal finance space has continued to expand with his recent

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Speaker 1: release of Netflix How to Get Rich, which became an

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Speaker 1: instant top ten Netflix show. When I tell you how

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Speaker 1: hard that is, I don't think I understand because I'll

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Speaker 1: be doing my Googles and my numbers, and that is

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Speaker 1: really hard to do to get to be in the

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Speaker 1: top ten. Because Netflix at any moment has like one

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Speaker 1: hundreds of thousands of shows. So the show features remeets trademark,

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Speaker 1: practical and actionable advice and follows him as he helps

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Speaker 1: real people transform their finances and take control of their

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Speaker 1: financial futures. Remeat's financial philosophy is centered around several key principles,

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Speaker 1: including the importance of automating your finances love that, using

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Speaker 1: money psychology to prioritize your money dials super love that,

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Speaker 1: and focusing on thirty thousand dollars questions instead of three

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Speaker 1: dollar ones. The shade is real about them three dollars.

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Speaker 1: I feel so bad for the late guy. I'm not

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Speaker 1: gonna say his name because we're not go to shade him,

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Speaker 1: but that poor Latte guy. I mean it was at

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Speaker 1: the time, it seemed like a good idea. Anyway, we

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Speaker 1: welcome for me to the stew so, welcome to the

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Speaker 1: still for me.

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Speaker 2: Thank you so much for cos thanks for having me.

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Speaker 2: It's great to be here.

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Speaker 1: Yeah, I'm so excited. I don't think I've ever met

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Speaker 1: you in person, like just like via social media?

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Speaker 2: Is that right? Yeah?

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Speaker 1: I don't think we've ever I don't think I'm looking

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Speaker 1: at you him like no con no, not even fin

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Speaker 1: con No. I don't think we've we were ever at

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Speaker 1: a or if I was at a fincnn back that

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Speaker 1: I didn't. I mean, I knew of you, but I

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Speaker 1: didn't know you.

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Speaker 2: So oh man, well it's a pleasure to see you

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Speaker 2: in person.

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Speaker 1: No, this is awesome. So well, one, I want to

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Speaker 1: take it back to two thousand and nine, right, what

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Speaker 1: made you like write this book, like this funny, helpful

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Speaker 1: book when no one was writing books to young people

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Speaker 1: about money? Like how what was the impetus to all

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Speaker 1: of that? Hey, ba fan, We're going to take a

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Speaker 1: quick break and we'll be right back.

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Speaker 2: Honestly, one of the biggest reasons I wrote it was

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Speaker 2: I had I was getting the same ten questions every

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Speaker 2: day of my life. I was like, I don't want

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Speaker 2: to answer a question about a roth Ira anymore. Here,

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Speaker 2: here's the book. It's going to answer your question, and

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Speaker 2: it's going to actually show you the thirty other questions

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Speaker 2: you really should be asking. So that was one reason

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Speaker 2: I had started my blog in college. And I started

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Speaker 2: it not because I had some grand master plan. It

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Speaker 2: was that I was taken some of my scholarship money

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Speaker 2: put in the stock market, lost half of it, realized

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Speaker 2: I wasn't as smart as I thought. And as I

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Speaker 2: learned about money, and I was studying human behavior, persuasion psychology.

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Speaker 2: I started developing my own point of view on money,

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Speaker 2: and so when I tried to teach my college friends

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Speaker 2: about personal finance, they all were like, yeah, that sounds cool,

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Speaker 2: and then they would never show up. And this was free,

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Speaker 2: free classes that I was giving away, and I did

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Speaker 2: that for a year and a half. Nobody came. It

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Speaker 2: was very demoralizing when you have something that you feel

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Speaker 2: the world needs to hear but nobody is listening. And

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Speaker 2: I realized this was a very pivotal moment. I could

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Speaker 2: just give up. But I was a little arrogant, you know,

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Speaker 2: I was a twenty year old kid. I go, they

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Speaker 2: need to hear. Maybe I'm not sharing it in the

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Speaker 2: right way. Maybe college kids don't want to come to

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Speaker 2: events about money, even if they're free. And I later

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Speaker 2: learned that's true. People don't like going to events about

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Speaker 2: money makes them feel bad about themselves. So I started

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Speaker 2: a blog. Spent five years plus on the blog every

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Speaker 2: day writing, treating it like a lab, and by the

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Speaker 2: time it came time to even think about doing a book,

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Speaker 2: I had talked to hundreds of thousands of people and

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Speaker 2: really refined this system for saving money automatically. For investing,

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Speaker 2: even knowing how to calculate how much to save for

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Speaker 2: a wedding or buying a house or a car, and

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Speaker 2: those things I was ready to share with the world.

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Speaker 1: That's awesome. So did they Were you approached about the

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Speaker 1: book or did is there something you pitched?

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Speaker 2: I was approached at the time, around two thousand and six,

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Speaker 2: there were some publishers who started reaching out. One of

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Speaker 2: the things, I think I have a skill that just

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Speaker 2: I don't know where it came from. But I'm very patient.

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Speaker 2: I'm not in a rush for anything, so I knew,

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Speaker 2: you know, if you come knocking on my door, you're

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Speaker 2: probably not the kind of person that I want to

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Speaker 2: publish my book. I was very patient, and I had

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Speaker 2: built some relationships with people in the publishing industry. I

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Speaker 2: had interned for Seth Godin, and so I made friends

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Speaker 2: with his agent. And I called a lot of people

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Speaker 2: and asked like should I write a book? Should I not?

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Speaker 2: And a lot of the advice, the same advice I

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Speaker 2: give people now who are thinking about writing a book,

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Speaker 2: is I say, slow down, write a book when you're

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Speaker 2: absolutely ready, when you feel like you have to write

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Speaker 2: a book, be clear about why it's not so you

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Speaker 2: can see your book in a bookstore. That is a

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Speaker 2: that's a sort of very surface level goal. I had

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Speaker 2: something that I knew the world needed to hear. I

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Speaker 2: had refined it over years. I didn't care about money

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Speaker 2: from a book. In fact, I took a pretty small deal.

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Speaker 2: My publishing deal for I Will Teach You to Be

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Speaker 2: Rich first edition was quite modest. I chose a publisher

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Speaker 2: that paid less, but I chose them because, just like me,

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Speaker 2: they are known to invest for the long term. So

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Speaker 2: eighty percent of their sales come from the backlist. That's

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Speaker 2: exactly what I wanted. And and so that is how

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Speaker 2: I decided to sell my book in two thousand and seven,

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Speaker 2: and I started writing it for the next two years.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Speaker 1: to shake the table right for.

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Speaker 2: Me, Like, I'm a little teddy bear, what are you

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Speaker 2: talking about? I'm known as the greatest Indian teddy bear online?

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Speaker 2: What are you talking about? Yo?

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Speaker 1: What me loves to shake the table? And what I

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Speaker 1: love is that you you're like, you're not going to

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

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Speaker 1: I said, and this is why.

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Speaker 2: So why would wait hold on? Why would why would

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Speaker 2: I back down? When I'm right what we're talking about?

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Speaker 1: See look at the teddy Bear coming out with it

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Speaker 1: with the rage to blaye behind his back. And so

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Speaker 1: I would love to talk about some of the things

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Speaker 1: that people push back the like the most with you

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Speaker 1: on as they're listening and like you know, and then

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Speaker 1: how you know? Like why is this your So there's

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Speaker 1: something for me? For example, I've been doing a lot

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Speaker 1: of research on the racial wealth gap and like how

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Speaker 1: do we get here? And so for those who don't

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Speaker 1: know the racial wealth gap, typically when they think the

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Speaker 1: racial wealth gap, they're thinking the gap between white families

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Speaker 1: and black families is right now is like for every

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Speaker 1: dollar white family has, a black family has, well, for

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Speaker 1: every ten dollars white family has, a black family has

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Speaker 1: one dollar, and figuring out like how do we get here?

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Speaker 1: And one of the components that they cite as being

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Speaker 1: part of the reason why there is a racial wealth

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Speaker 1: gap is a lack of home ownership in the black community,

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Speaker 1: you know, and also too, not just lack of home ownership,

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Speaker 1: but also that homes are devalued, Like just go look

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Speaker 1: at Brooklyn. You know when it was like black people

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Speaker 1: teaming there. You know, homes are worth nothing. Like I

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Speaker 1: live in Newark. I mean that's why I don't like

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Speaker 1: to pick up my phone because every second someone is

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Speaker 1: calling me to buy my home, which lets you know

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Speaker 1: that gentrification is well on its way. But you know,

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Speaker 1: Newark is still largely black, but when that changes, the

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Speaker 1: value of these homes will totally change. So anyway, I

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

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

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Speaker 1: you know, just because as my studies, I'm doing research

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Speaker 1: about like home ownership being cited as one of the

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Speaker 1: reasons why there isn't wealth in black and brown communities.

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Speaker 1: Like what is your theory on, like, you know, well

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Speaker 1: you don't need home ownership. Is that because home ownership

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Speaker 1: maybe that was the Well you tell me, Like, why

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Speaker 1: is it that you push back on home ownership?

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Speaker 2: First of all, I'm so glad that we get to

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Speaker 2: talk about personal finance and race, personal finance and politics

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Speaker 2: because money is political, and that is one of the

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Speaker 2: biggest things that I get pushed pushed back on, which

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Speaker 2: is I literally have you know some dude wearing Oakley's

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Speaker 2: telling me stick to finance. I go, are you? Are

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Speaker 2: you actually? Do you actually lack this level of intellect

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Speaker 2: that you don't realize money is as political as it gets.

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Speaker 2: The reason housing is expensive is political, The reason healthcare

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Speaker 2: is expensive is political. The reason you drive a big

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Speaker 2: ass truck is political. It's not just that you like

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Speaker 2: the truck and it's got a hemi engine. No, it's political.

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Speaker 2: So when it comes to home ownership, I have a

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Speaker 2: very strong point of view on home ownership, and it's multifaceted,

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Speaker 2: like home ownership is in this country. You know a

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Speaker 2: lot of people. They obsess over their marble island. Okay,

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Speaker 2: they obsess over what color their cabinets are. What they

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Speaker 2: really should ask questions about is is why am I

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Speaker 2: not allowed to build an adu or a granny unit

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Speaker 2: in my backyard? Why is that not legally allowed? Why

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Speaker 2: am I not allowed to build multiple stories if I

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Speaker 2: want to? Why am I required to have a gigantic

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Speaker 2: front yard that nobody uses and I actually have to

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Speaker 2: spend time and money to mow it? And by the way,

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Speaker 2: what role did race play in all of these rules?

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Speaker 2: Why is it that in America single family homes are

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Speaker 2: the American dream? Why is that? And most people have

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Speaker 2: no idea? They never thought about this. They'd rather think

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Speaker 2: about the color their cabinets. So when you read books

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Speaker 2: like The Color of Law, you realize that home ownership redlining,

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Speaker 2: that home ownership has been a wedge to drive wealth

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Speaker 2: for primarily white Americans in this country. Historically, it's not

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Speaker 2: an accident. It was intentionally done so, and so freeways

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Speaker 2: were created in poor communities and that has lasting effects.

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Speaker 2: Okay for a lot of people, probably not listening to

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Speaker 2: this podcast, maybe listening to Joe Rogan, that would be shocking,

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Speaker 2: and many of them simply deny it. Well, if you

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Speaker 2: try harder, then you can make more money. I'm sick

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Speaker 2: of that shit. We've all heard it. And if you

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Speaker 2: actually understand history, if you've read a single history book,

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Speaker 2: you know that that's not how it works. There's not

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Speaker 2: bootstraps when they're running a freeway through your and intentionally

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Speaker 2: dividing your neighborhood as they did for decades. Now, let's

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Speaker 2: talk about home ownership as an investment, because that's a

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Speaker 2: it's a related but different concept. In America, we're obsessed

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Speaker 2: with home ownership. We believe that if you rent, you're

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Speaker 2: a loser. We be We even have phrases, borderline religious phrases.

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Speaker 2: You're throwing money away on rent, you're paying your landlord's mortgage.

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Speaker 2: I call them religious because they lack any actual data.

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Speaker 2: They're just words we repeat over and over and over

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Speaker 2: until people actually start to believe them. Well, it turns

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Speaker 2: out that home ownership is certainly one way that you

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Speaker 2: can build wealth, and historically in our country it has

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Speaker 2: been a very powerful way to build wealth. That's not

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Speaker 2: simply because homes themselves are great investments. It's that when

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Speaker 2: people in this country buy homes, they become Nimbi's not

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Speaker 2: in my backyard. They prevent more housing from being built,

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Speaker 2: therefore artificially boosting the price and value of their house house,

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Speaker 2: and so they basically, like a diamond dealer, they limit

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Speaker 2: how many diamonds flood on the market, they limit how

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Speaker 2: many houses, and so they buy a house for two

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Speaker 2: hundred thousand dollars and the value goes up. If the

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Speaker 2: market were actually free and we could build as much

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Speaker 2: housing ass necessary, their house would look much more like Tokyo,

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Speaker 2: where prices do not go way up and instead housing

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Speaker 2: is like any other commodity you buy, it depreciates, in

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Speaker 2: my opinion, as the way it should. So the thing

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Speaker 2: that people find controversial is that I say you should

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Speaker 2: run the numbers on the biggest purchase of your life.

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Speaker 2: And sometimes renting can be a superior financial decision to

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Speaker 2: owning a house, which in my case it absolutely is no.

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

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Speaker 1: people are like, I know, they're like, Tiffany, you bought homes.

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Speaker 1: I'm like, yes, but the caveat y'all. Remember that I

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

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Speaker 1: was a foreclosure, had been foreclosure for like, I don't know,

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Speaker 1: like a year, and so I bought it directly from

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Speaker 1: the bank. It was at the time worth like three

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Speaker 1: hundred thousand. I bought it for one eighty cash, so

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

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Speaker 1: renovating or whatever and so and then I put one

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Speaker 1: eighty into it, so that brought my investment to three sixties.

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Speaker 1: So it was around worth about I think I said

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Speaker 1: three hundred. I think worth like three sixty three eighty,

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Speaker 1: you know. So I bought it really cheap. I didn't

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Speaker 1: have to worry about a mortgage. Newark, where I live,

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Speaker 1: has the lowest taxes in Essex County, so my tax

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

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

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Speaker 1: I didn't have a mortgage and now the house because

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

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

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

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

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

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

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

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

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Speaker 1: I'm obviously that those deals are not available all the time.

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Speaker 1: But I to your point, I try to be patient

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Speaker 1: because I have to run the numbers. I did not

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Speaker 1: run the numbers on my first property. When I was

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Speaker 1: twenty five, I bought a condo for two twenty it

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

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Speaker 1: a two thousand and six, and then the market just

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

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Speaker 1: learned from that, Like, oh, up until then, from two

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Speaker 1: thousand and six to like five years ago, I was

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

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

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Speaker 2: So it's pretty interesting. I like that you are encouraging

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Speaker 2: your listeners to run the numbers, and I want to

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Speaker 2: share some numbers from my own example as well. So

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Speaker 2: I've lived in San Francisco, New York City, and LA

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Speaker 2: and high cost of living cities and high cost of

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Speaker 2: living neighborhoods within those cities. I like to live in

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Speaker 2: a nice place, and I could go and buy a

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Speaker 2: house today cash in any of those cities. I choose

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Speaker 2: to rent. So when people hear this, it's like somebody

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Speaker 2: telling them that the sky is green. They're like, wait,

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Speaker 2: the eye will teach you to be rich. Guy rents

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Speaker 2: And they're shocked. Why Because again, in our country, deep down,

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Speaker 2: we believe that owning is for successful people and renting

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Speaker 2: is for losers. And so when they look at me,

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Speaker 2: they go, well, this guy has a show on Netflix,

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Speaker 2: he's got this best selling book. How can he rent?

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Speaker 2: That's a moment where they start to question some of

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Speaker 2: the beliefs that have been passed on to us for generations.

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Speaker 2: You gotta own a house, you gotta build equity. So

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Speaker 2: let me tell you. When I was living in New York,

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Speaker 2: I kept an extremely close eye on real estate values. Okay,

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Speaker 2: a couple of things I want to share that might

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Speaker 2: surprise people. First off, my rent dropped four times in

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Speaker 2: eleven years. Okay, yes, people in America think rent only

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Speaker 2: goes up wrong. Just like the price of anything, rent

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Speaker 2: is governed by supply and demand. But guess what. When

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Speaker 2: I asked, they go, that's not possible. Rent never goes up.

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Speaker 2: I go, Number one, do you keep a close eye

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Speaker 2: on real estate value in your market? They go, no?

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Speaker 2: I go Number two, do you actually negotiate? They go,

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Speaker 2: what's that? I go, then, how the hell do you

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Speaker 2: expect rent to drop? If you yourself are not actually negotiating.

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Speaker 2: Your landlord doesn't just walk in and drop your rent?

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Speaker 2: Why would they? You got to ask, and you got

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Speaker 2: to have You got to be lucky in the sense

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Speaker 2: that there has to be more supply, which there was

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Speaker 2: in my case. And you know, you need to know

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Speaker 2: your numbers. So that's number one. The second is there

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Speaker 2: is an apartment building right next to us, and it

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Speaker 2: had this. There was a unit there. It had this,

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Speaker 2: In fact, several units, same number of bedrooms, same square footage,

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Speaker 2: same view, all of it. It was very similar. Let's

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Speaker 2: just say that I was paying three thousand dollars a

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Speaker 2: month in rent, just as a hypothetical example, it would

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Speaker 2: have cost me two point two times as much to

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Speaker 2: own than it cost me to rent. So, in other words,

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Speaker 2: it would have cost me over six thousand dollars a

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Speaker 2: month to own that place when I factor in all

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Speaker 2: the phantom costs, taxes, maintenance, interest, opportunity, cost of my

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Speaker 2: down payment, all the things that people never consider. So

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Speaker 2: you know what I did. I took the thirty four

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Speaker 2: hundred dollars or so per month and I invested it.

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Speaker 2: And I did that every month, and I made way

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Speaker 2: more money renting than I would have owning. So the

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Speaker 2: point is not that one of us is doing it

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Speaker 2: right or wrong. That's not the point. Point is you

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Speaker 2: got to run the numbers. This is the biggest purchase

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Speaker 2: of your life. You can't spend more time deciding what

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Speaker 2: appetizer you're gonna get on Friday Night than understanding a

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Speaker 2: multi hundred thousand dollars purchase. You've got to run the numbers.

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Speaker 1: I don't wonder why people I always hat that strengths.

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

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Speaker 1: a condo, and I was thinking to myself, I remember

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

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

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

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Speaker 1: like again, I'm like, you want me to spend all

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Speaker 1: this money. I literally would try on a dress at

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Speaker 1: Target more times. I just thought that was so bananaous

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Speaker 1: to me, They're like, honestly, I mean, why do you

431
00:22:04,400 --> 00:22:07,280
Speaker 1: need to see it again? I'm like, this is like

432
00:22:07,320 --> 00:22:10,560
Speaker 1: the most expensive purchase I've ever made, and I'm like

433
00:22:10,560 --> 00:22:12,280
Speaker 1: I will literally sometimes be like, oh, I don't know

434
00:22:12,320 --> 00:22:14,800
Speaker 1: if I really want that gene skirt or which pair

435
00:22:14,840 --> 00:22:16,720
Speaker 1: of Jordan's do I really like? I will try on

436
00:22:16,800 --> 00:22:19,280
Speaker 1: things over and over, and to me, it is really

437
00:22:19,320 --> 00:22:21,880
Speaker 1: wild the way some people literally see a house one time.

438
00:22:22,280 --> 00:22:22,720
Speaker 2: It's wild.

439
00:22:22,800 --> 00:22:23,840
Speaker 1: I'm going to put an offer.

440
00:22:24,240 --> 00:22:27,680
Speaker 2: I love ironing clothes. I love it. And when I

441
00:22:27,720 --> 00:22:30,040
Speaker 2: am researching a new iron, which I do once every

442
00:22:30,080 --> 00:22:37,240
Speaker 2: fifteen years, I will spend like days watching every YouTube review.

443
00:22:37,880 --> 00:22:40,280
Speaker 2: I'm like going, I'm going, I'm literally going to the story.

444
00:22:40,359 --> 00:22:42,000
Speaker 2: I don't go to that many stores, and I'm picking

445
00:22:42,000 --> 00:22:44,320
Speaker 2: it up. Does it fit my hand correctly? How does it?

446
00:22:44,359 --> 00:22:47,560
Speaker 2: How's the weight? Hmmm? Is it gonna get? And I'm

447
00:22:47,560 --> 00:22:50,040
Speaker 2: spending that level of time on a one hundred and

448
00:22:50,040 --> 00:22:53,520
Speaker 2: fifty dollars purchase. Okay, yeah, you better imagine if we're

449
00:22:53,560 --> 00:22:56,080
Speaker 2: going talking about a million dollar plus purchase that I'm

450
00:22:56,119 --> 00:22:57,600
Speaker 2: going to be spending a lot of time. We all

451
00:22:57,680 --> 00:23:01,840
Speaker 2: should we should know what an amorization table is. Nobody

452
00:23:01,840 --> 00:23:05,120
Speaker 2: knows what that is. Most people go, oh, I'm building equity.

453
00:23:05,160 --> 00:23:07,159
Speaker 2: I go, have you ever looked at the amortization table?

454
00:23:07,440 --> 00:23:09,760
Speaker 2: Have you ever realized that in the first roughly ten

455
00:23:09,960 --> 00:23:15,120
Speaker 2: years of owning, you're primarily paying off interest? And when

456
00:23:15,160 --> 00:23:18,400
Speaker 2: I post this on my social media, I actually show

457
00:23:18,440 --> 00:23:21,440
Speaker 2: the chart. I showed a real example, real interest rates,

458
00:23:21,440 --> 00:23:24,600
Speaker 2: real everything. And you know the reaction, People get mad

459
00:23:25,160 --> 00:23:30,359
Speaker 2: at me. Why Because in many ways it's religious. We

460
00:23:30,400 --> 00:23:33,240
Speaker 2: don't want to think about the facts. We simply want

461
00:23:33,400 --> 00:23:38,080
Speaker 2: to be reassured by father, government, and mom and pa

462
00:23:38,440 --> 00:23:43,080
Speaker 2: telling us buying is the right decision. And I reject that.

463
00:23:43,280 --> 00:23:48,000
Speaker 2: I reject the idea that we should only buy because

464
00:23:48,119 --> 00:23:50,640
Speaker 2: everyone tells us it's good and they use these handy

465
00:23:50,760 --> 00:23:53,320
Speaker 2: dandy phrases. No, you got to actually know the numbers,

466
00:23:53,320 --> 00:23:54,960
Speaker 2: and it might turn out that buying is great for

467
00:23:55,000 --> 00:23:56,840
Speaker 2: a lot of people. Buying is a great decision for

468
00:23:56,840 --> 00:23:59,440
Speaker 2: a lot of people. Renting is a great decision. You

469
00:23:59,480 --> 00:24:01,000
Speaker 2: decide you need to know your numbers.

470
00:24:01,440 --> 00:24:03,880
Speaker 1: So what others? What are some other things that push

471
00:24:03,920 --> 00:24:05,840
Speaker 1: people push back on that? You're like, I don't care

472
00:24:06,080 --> 00:24:08,440
Speaker 1: the numbers say this. It's like men lie, women lie,

473
00:24:08,720 --> 00:24:11,000
Speaker 1: numbers don't. What are some other that's the biggest one

474
00:24:11,000 --> 00:24:12,680
Speaker 1: that I've seen people push back on you for?

475
00:24:14,040 --> 00:24:15,520
Speaker 2: What else? What else do you notice?

476
00:24:16,280 --> 00:24:19,320
Speaker 1: Well, it's hard because most of like, there isn't anything

477
00:24:19,320 --> 00:24:21,480
Speaker 1: that I push back. I mean, the home one, I'm

478
00:24:21,480 --> 00:24:23,840
Speaker 1: always just like it just really depends. But I mean,

479
00:24:23,960 --> 00:24:27,080
Speaker 1: people push back on me about like whole life insurance.

480
00:24:27,119 --> 00:24:29,919
Speaker 1: You know, I get that, you know about like you know,

481
00:24:30,359 --> 00:24:32,800
Speaker 1: and I'm just like, numbers don't.

482
00:24:32,600 --> 00:24:35,639
Speaker 2: Make any Wait, whole life insurance is shit. Who pushes

483
00:24:35,680 --> 00:24:38,359
Speaker 2: back on you? Oh whole life insurance salesman? Oh wow,

484
00:24:40,520 --> 00:24:43,840
Speaker 2: Like I care these guys? Oh okay, I'll tell you.

485
00:24:44,160 --> 00:24:47,520
Speaker 2: First of all, you should trust a whole life insurance

486
00:24:47,520 --> 00:24:51,280
Speaker 2: salesperson as far as you can throw them. There's zero reason.

487
00:24:51,840 --> 00:24:54,720
Speaker 2: And you know the only reason that people go whole

488
00:24:54,760 --> 00:24:57,240
Speaker 2: life insurance is great if you're really wealthy. I go,

489
00:24:57,359 --> 00:24:59,560
Speaker 2: I have a lot of money and it's not even

490
00:24:59,560 --> 00:25:02,840
Speaker 2: good for me, So please give me a break, whole

491
00:25:02,880 --> 00:25:05,760
Speaker 2: life insurance. Avoid that all right, wait for me, hold

492
00:25:05,760 --> 00:25:06,160
Speaker 2: that thought.

493
00:25:06,240 --> 00:25:08,640
Speaker 1: We have to go Pennyson bills, take a break, we'll

494
00:25:08,680 --> 00:25:13,960
Speaker 1: be back and brown as usual, and we're back. So

495
00:25:14,000 --> 00:25:14,840
Speaker 1: what were you saying with me?

496
00:25:15,119 --> 00:25:19,160
Speaker 2: One big pushback that I get is when I advise

497
00:25:20,040 --> 00:25:25,080
Speaker 2: avoiding one percent fees to a financial advisor. So I

498
00:25:25,119 --> 00:25:28,200
Speaker 2: shared this on my Netflix show. I had a guest Natalie,

499
00:25:28,560 --> 00:25:31,399
Speaker 2: who had a multimillion dollar portfolio and she was paying

500
00:25:31,920 --> 00:25:35,679
Speaker 2: one plus percent to a financial advisor. And you know

501
00:25:35,680 --> 00:25:37,240
Speaker 2: who gets really mad at me when I say this

502
00:25:37,720 --> 00:25:41,480
Speaker 2: financial advice? They get really mad. But let me tell

503
00:25:41,480 --> 00:25:43,720
Speaker 2: you why, because I think there is some nuance to it.

504
00:25:44,680 --> 00:25:47,280
Speaker 2: First off, I believe that most people can manage their

505
00:25:47,280 --> 00:25:51,800
Speaker 2: own money. Most people have quite simple financial situations, and

506
00:25:51,920 --> 00:25:56,520
Speaker 2: there are very simple, amazing investments like target date funds

507
00:25:56,640 --> 00:26:00,360
Speaker 2: that are phenomenal and simple and low cost. You set

508
00:26:00,400 --> 00:26:02,480
Speaker 2: it up once and you automate it. You never have

509
00:26:02,520 --> 00:26:04,600
Speaker 2: to think about it again, and you can become quite

510
00:26:04,600 --> 00:26:08,880
Speaker 2: wealthy from things like a target date fund. Now, once

511
00:26:08,920 --> 00:26:12,680
Speaker 2: in a while, people do have complicated financial situations. They

512
00:26:12,760 --> 00:26:17,639
Speaker 2: might have step children, they might have inheritance issues, whatever,

513
00:26:18,520 --> 00:26:19,880
Speaker 2: and they want to get a second set of eyes.

514
00:26:19,960 --> 00:26:24,119
Speaker 2: I don't mind it. I myself have hired a financial advisor.

515
00:26:24,960 --> 00:26:27,280
Speaker 2: In my case, I hired one because I wanted them

516
00:26:27,280 --> 00:26:29,720
Speaker 2: to look at my asset allocation and tell me if

517
00:26:29,760 --> 00:26:31,720
Speaker 2: am I missing anything? Do I have any blind spots?

518
00:26:32,359 --> 00:26:35,040
Speaker 2: So I don't mind if you hire a financial advisor.

519
00:26:35,080 --> 00:26:37,560
Speaker 2: I don't even mind if you pay a premium rate

520
00:26:38,040 --> 00:26:41,760
Speaker 2: two hundred an hour, five hundred an hour, one thousand

521
00:26:41,840 --> 00:26:45,239
Speaker 2: an hour. If you like them in they're qualified, pay it,

522
00:26:46,400 --> 00:26:51,399
Speaker 2: but never a percentage. Yes, So what most people don't understand.

523
00:26:51,640 --> 00:26:53,560
Speaker 2: If you have a financial advisor and you're watching or

524
00:26:53,560 --> 00:26:56,119
Speaker 2: listening to this, go ahead and text your advisor, email

525
00:26:56,160 --> 00:26:57,680
Speaker 2: them and say, hey, I just want to know can

526
00:26:57,720 --> 00:27:00,200
Speaker 2: you send me the fee schedule? What that means is

527
00:27:00,520 --> 00:27:04,280
Speaker 2: how am I paying you? If you went to a restaurant,

528
00:27:04,480 --> 00:27:05,960
Speaker 2: of course, you know how you're paying. You're paying with

529
00:27:06,000 --> 00:27:08,160
Speaker 2: your credit card, you know how you're getting charged. It's

530
00:27:08,560 --> 00:27:11,239
Speaker 2: you know, twenty bucks for an entree or whatever, and

531
00:27:11,280 --> 00:27:14,560
Speaker 2: that's that. What if you found out that the person

532
00:27:14,600 --> 00:27:19,440
Speaker 2: mowing your lawn is charging you a percentage of your

533
00:27:19,520 --> 00:27:22,840
Speaker 2: net worth or a percentage of your investable assets, that

534
00:27:22,840 --> 00:27:26,080
Speaker 2: would be crazy. So how is it that it's okay

535
00:27:26,600 --> 00:27:29,560
Speaker 2: for the financial advising industry to do so? And let

536
00:27:29,600 --> 00:27:33,120
Speaker 2: me also share another shocking fact. One percent doesn't sound

537
00:27:33,160 --> 00:27:35,200
Speaker 2: like a lot. Oh, one percent, somebody can look over

538
00:27:35,240 --> 00:27:38,159
Speaker 2: my investments and keep an eye on it. One percent

539
00:27:38,240 --> 00:27:40,400
Speaker 2: means that, over the course of your lifetime, you will

540
00:27:40,440 --> 00:27:44,880
Speaker 2: spend about twenty eight percent of your returns in fees.

541
00:27:46,119 --> 00:27:49,639
Speaker 2: That's shocking. That's hundreds of thousands of dollars. We have

542
00:27:49,680 --> 00:27:53,000
Speaker 2: so many people preoccupied with a three dollars latte. Oh,

543
00:27:53,040 --> 00:27:56,160
Speaker 2: I shouldn't get dessert, the cheesecake. I know I'm being good.

544
00:27:56,240 --> 00:27:59,080
Speaker 2: I should be good this week. Meanwhile, you're being bled

545
00:27:59,200 --> 00:28:01,680
Speaker 2: dry for hundreds of thousands of dollars. Then you don't

546
00:28:01,760 --> 00:28:05,840
Speaker 2: even realize it. I don't find that acceptable. Now, if

547
00:28:05,880 --> 00:28:08,439
Speaker 2: you want to pay five hundred bucks an hour, or

548
00:28:08,520 --> 00:28:11,640
Speaker 2: you want to spend five thousand dollars on a project

549
00:28:11,640 --> 00:28:14,480
Speaker 2: based fee, I'm all for it. In fact, I would

550
00:28:14,480 --> 00:28:16,080
Speaker 2: do that. I have a person who works for me,

551
00:28:16,840 --> 00:28:18,800
Speaker 2: and they offered me two options. Do I want to

552
00:28:18,800 --> 00:28:21,199
Speaker 2: pay a high hourly rate or do I want to

553
00:28:21,200 --> 00:28:23,960
Speaker 2: pay a percentage of the deal. I said, I'll pay

554
00:28:23,960 --> 00:28:29,160
Speaker 2: the hourly rate every day, every day. So I want

555
00:28:29,200 --> 00:28:31,120
Speaker 2: to encourage you to find out if you are paying,

556
00:28:31,160 --> 00:28:33,560
Speaker 2: if you have a financial advisor, how are you paying?

557
00:28:34,880 --> 00:28:37,840
Speaker 2: It's often one percent and you can tell because they

558
00:28:37,840 --> 00:28:40,720
Speaker 2: won't give you a straight answer. And I don't want

559
00:28:40,760 --> 00:28:44,200
Speaker 2: people to be paying AUM or Assets under Management fees.

560
00:28:44,240 --> 00:28:46,560
Speaker 2: I want you to be either managing your money yourself,

561
00:28:46,680 --> 00:28:49,000
Speaker 2: or if you're paying a great advisor, pay them hourly

562
00:28:49,160 --> 00:28:52,160
Speaker 2: or per project. That gets a lot of pushback, but

563
00:28:52,440 --> 00:28:53,040
Speaker 2: I'm right.

564
00:28:53,840 --> 00:28:56,000
Speaker 1: No, And I mean that's why I didn't push back

565
00:28:56,040 --> 00:28:58,360
Speaker 1: on that because I have an Anjalie. Shout out to you, Angeli,

566
00:28:58,480 --> 00:29:01,520
Speaker 1: she's amazing, she's my financial advisor, and I pay out

567
00:29:01,520 --> 00:29:03,360
Speaker 1: of pocket. That was one of the things I don't

568
00:29:03,360 --> 00:29:06,040
Speaker 1: even know that I never even asked if she offered

569
00:29:06,080 --> 00:29:07,680
Speaker 1: like assets under management, But I think I made it

570
00:29:07,760 --> 00:29:09,959
Speaker 1: very clear in the beginning we're not doing that, so

571
00:29:10,080 --> 00:29:11,959
Speaker 1: it never really came up. I just said, you know,

572
00:29:12,000 --> 00:29:14,520
Speaker 1: what's the you know, and am I gonna lie? In

573
00:29:14,560 --> 00:29:16,880
Speaker 1: the beginning just like you, I was like, whn is

574
00:29:16,880 --> 00:29:19,080
Speaker 1: a financial advisor? It's not that serious. Most things are

575
00:29:19,120 --> 00:29:21,760
Speaker 1: set it and forget it. But I just got stuck

576
00:29:21,800 --> 00:29:24,000
Speaker 1: in a space where I'm like I'm really good at

577
00:29:24,000 --> 00:29:28,240
Speaker 1: making money, but I didn't really know, like what do

578
00:29:28,320 --> 00:29:30,160
Speaker 1: I do now that it's building and building and building,

579
00:29:30,200 --> 00:29:32,560
Speaker 1: you know, I wanted to understand, like what, where's the

580
00:29:32,600 --> 00:29:35,000
Speaker 1: best place to place my assets in a way so

581
00:29:35,040 --> 00:29:36,480
Speaker 1: I wouldn't have to work by the time, I was

582
00:29:36,480 --> 00:29:40,000
Speaker 1: a certain age, and so Angelie was pivotal for me.

583
00:29:40,960 --> 00:29:43,040
Speaker 1: And so I'm really grateful that I hired her, maybe

584
00:29:43,200 --> 00:29:47,040
Speaker 1: I want to say, like four years ago, especially after

585
00:29:47,160 --> 00:29:49,000
Speaker 1: my husband suddenly passed away. I don't know what I

586
00:29:49,040 --> 00:29:51,840
Speaker 1: would have done without Angelie, because she knew where everything was,

587
00:29:52,080 --> 00:29:54,040
Speaker 1: you know, like he had a pension, which is very

588
00:29:54,120 --> 00:29:56,880
Speaker 1: rare because he worked for the City of Newark, and

589
00:29:56,960 --> 00:29:59,480
Speaker 1: so the paperwork for the pension is like you, it

590
00:29:59,480 --> 00:30:02,640
Speaker 1: doesn't even make sense. It's Latin. But somehow she speaks Latin,

591
00:30:02,880 --> 00:30:05,120
Speaker 1: so she knew, like even before they knew. She's like, no,

592
00:30:05,680 --> 00:30:07,840
Speaker 1: you are supposed to get this. This is supposed to

593
00:30:07,880 --> 00:30:10,240
Speaker 1: go for your stepdaughter. This is supposed to you know,

594
00:30:10,280 --> 00:30:13,320
Speaker 1: and so she just was So it changed my tune

595
00:30:13,480 --> 00:30:17,280
Speaker 1: about financial advisors because I was reluctant even to hire

596
00:30:17,280 --> 00:30:20,040
Speaker 1: her because I just felt like, you're paying someone to

597
00:30:20,080 --> 00:30:22,239
Speaker 1: do something you could probably do yourself. But you know,

598
00:30:22,320 --> 00:30:24,640
Speaker 1: and I still think the average person to real meats

599
00:30:24,640 --> 00:30:28,200
Speaker 1: point doesn't necessarily need one, or if you do, start

600
00:30:28,200 --> 00:30:30,280
Speaker 1: with an hourly and just so you someone could look

601
00:30:30,280 --> 00:30:32,320
Speaker 1: over your things and you could say, oh, thanks for

602
00:30:32,360 --> 00:30:36,120
Speaker 1: that information. So Angelie doesn't just look at my personal finance,

603
00:30:36,320 --> 00:30:38,360
Speaker 1: I've also hired her to look at my you know,

604
00:30:38,400 --> 00:30:40,000
Speaker 1: business things. She's kind of like a last set of

605
00:30:40,000 --> 00:30:42,440
Speaker 1: eyes because she's a CPA as well, and so it

606
00:30:42,480 --> 00:30:44,200
Speaker 1: allows me to use it as a business expense. So

607
00:30:44,240 --> 00:30:45,719
Speaker 1: I don't even have to pay out a pocket for her,

608
00:30:45,720 --> 00:30:48,840
Speaker 1: which is great. But yeah, so that wasn't to me

609
00:30:49,000 --> 00:30:51,280
Speaker 1: like a I mean, I guess maybe financial advisors would

610
00:30:51,280 --> 00:30:52,680
Speaker 1: be mad, but I'm trying to think anything else. I

611
00:30:52,720 --> 00:30:55,800
Speaker 1: see people because for me, me on Twitter on fire, Okay,

612
00:30:56,160 --> 00:30:59,000
Speaker 1: he does not care. I love that because I am

613
00:30:59,040 --> 00:30:59,760
Speaker 1: somebody who cares.

614
00:31:00,360 --> 00:31:03,320
Speaker 2: I am. I am pretty good at Twitter, you are.

615
00:31:04,560 --> 00:31:06,760
Speaker 2: I keep waiting for one day when there's gonna be

616
00:31:06,800 --> 00:31:09,800
Speaker 2: an actually intelligent troll that comes after me. I've been

617
00:31:09,800 --> 00:31:12,200
Speaker 2: on it for about fifteen years and I'm like anybody

618
00:31:12,280 --> 00:31:14,440
Speaker 2: out here, I'm waiting. You know what. I'll tell you

619
00:31:14,440 --> 00:31:16,120
Speaker 2: this though, because you know the Internet rule is like,

620
00:31:16,160 --> 00:31:18,360
Speaker 2: don't respond to trolls, and I respond to like every

621
00:31:18,360 --> 00:31:21,760
Speaker 2: single one. But I'll tell you because it keeps me sharp.

622
00:31:22,120 --> 00:31:26,760
Speaker 2: I do like to hear the other perspective, and it's true, Hey,

623
00:31:26,840 --> 00:31:29,720
Speaker 2: maybe there are things I haven't considered. Maybe there are

624
00:31:29,760 --> 00:31:32,000
Speaker 2: elements of an argument that I haven't considered, so I

625
00:31:32,040 --> 00:31:35,720
Speaker 2: do want to hear that. What unfortunately turns out to

626
00:31:35,760 --> 00:31:38,480
Speaker 2: be the case is I just typically hear from right

627
00:31:38,520 --> 00:31:42,760
Speaker 2: wing anti vaxxers who think they're smart but have never actually,

628
00:31:43,000 --> 00:31:46,400
Speaker 2: you know, looked at a number or a piece of data.

629
00:31:46,800 --> 00:31:49,600
Speaker 2: So it becomes less interesting, although quite entertaining.

630
00:31:50,600 --> 00:31:53,760
Speaker 1: Well, let's switch over. Let's talk about your your your

631
00:31:53,840 --> 00:31:57,520
Speaker 1: Netflix show. So when it came out, I was like,

632
00:31:57,800 --> 00:32:02,000
Speaker 1: amazing because i'd heard through the through the through the

633
00:32:02,000 --> 00:32:06,080
Speaker 1: grape vine, you know, because when I was doing the documentary.

634
00:32:05,120 --> 00:32:06,960
Speaker 2: And congratulations for that. By the way I saw it,

635
00:32:07,080 --> 00:32:08,680
Speaker 2: you know, I reached out to you. I said, wow,

636
00:32:09,680 --> 00:32:12,040
Speaker 2: that was so cool. I was really happy for you.

637
00:32:12,320 --> 00:32:12,640
Speaker 2: Thank you.

638
00:32:12,720 --> 00:32:13,920
Speaker 1: No, it was a lot of fun. I didn't think.

639
00:32:13,960 --> 00:32:15,400
Speaker 1: I don't know, I wasn't sure if I want to

640
00:32:15,400 --> 00:32:18,600
Speaker 1: tape something, just because I was nervous, like, am I

641
00:32:18,600 --> 00:32:20,080
Speaker 1: going to enjoy it. Is it going to feel like

642
00:32:20,080 --> 00:32:22,480
Speaker 1: too taxing on top of because you have a business too,

643
00:32:23,080 --> 00:32:25,440
Speaker 1: you know, you're already busy. So I was nervous. And

644
00:32:25,720 --> 00:32:27,880
Speaker 1: it wasn't just me obviously there was three other amazing

645
00:32:27,920 --> 00:32:31,240
Speaker 1: financial educators, so it didn't feel super overwhelming. I want

646
00:32:31,240 --> 00:32:32,280
Speaker 1: to say. It was about a year and a half

647
00:32:32,320 --> 00:32:35,560
Speaker 1: of taping. So how did it come about? Was it

648
00:32:35,680 --> 00:32:37,280
Speaker 1: something that they hit you up? I mean, obviously I

649
00:32:37,320 --> 00:32:39,360
Speaker 1: know it's like years in the making typically, and I'd

650
00:32:39,360 --> 00:32:41,600
Speaker 1: heard through the grapevine there was something that Netflix was

651
00:32:41,920 --> 00:32:44,479
Speaker 1: coming up with, which I'm so glad, you know that

652
00:32:44,560 --> 00:32:46,560
Speaker 1: they put their foot out there to say people want

653
00:32:46,600 --> 00:32:49,960
Speaker 1: to see financial education like on you know, on this

654
00:32:50,040 --> 00:32:53,160
Speaker 1: bigger scale. So how did that come about that that show?

655
00:32:54,280 --> 00:32:58,080
Speaker 2: Netflix emailed me? Okay, and I still remember where I was.

656
00:32:58,160 --> 00:33:03,000
Speaker 2: I still remember the email and they reached out and said, hey,

657
00:33:03,200 --> 00:33:06,600
Speaker 2: we'd love to set up a meeting and discuss you know,

658
00:33:06,640 --> 00:33:10,920
Speaker 2: some possibilities. Do you have representation or should we communicate directly?

659
00:33:11,640 --> 00:33:17,880
Speaker 2: And I remember going like, what's representation? I was not

660
00:33:18,080 --> 00:33:21,440
Speaker 2: mister Hollywood. I'm an internet guy, right, That's why I'm

661
00:33:21,440 --> 00:33:24,200
Speaker 2: good at Twitter. I know email like I've been on

662
00:33:24,240 --> 00:33:27,840
Speaker 2: the internet for a long time, but I don't know

663
00:33:27,960 --> 00:33:30,520
Speaker 2: anything about Hollywood, especially at the point where this email

664
00:33:30,560 --> 00:33:33,480
Speaker 2: came in, so I actually didn't even believe it was

665
00:33:33,520 --> 00:33:35,600
Speaker 2: from them. I went up to the from line and

666
00:33:35,640 --> 00:33:38,520
Speaker 2: I clicked it so it would expand, and it said

667
00:33:38,680 --> 00:33:43,520
Speaker 2: at Netflix dot com. And I was shocked because often

668
00:33:43,600 --> 00:33:47,480
Speaker 2: the emails come from ambulance chasers and production companies and

669
00:33:47,560 --> 00:33:50,120
Speaker 2: other folks, but this was directly from the network. So

670
00:33:50,600 --> 00:33:53,920
Speaker 2: I took it downstairs. I took my phone. I showed

671
00:33:53,920 --> 00:33:58,239
Speaker 2: my wife and I was like, what do you like?

672
00:33:58,480 --> 00:34:02,360
Speaker 2: I don't even know what to say. And she's awesome

673
00:34:02,480 --> 00:34:06,840
Speaker 2: because she said, what do you think? And she just

674
00:34:06,960 --> 00:34:10,240
Speaker 2: let me talk and I kind of talked out loud.

675
00:34:11,640 --> 00:34:15,279
Speaker 2: And here's what I was feeling at the time. I

676
00:34:15,320 --> 00:34:21,560
Speaker 2: was feeling number one, really surprised. I never ever planned

677
00:34:21,560 --> 00:34:24,680
Speaker 2: to be a TV guy. Never. I never woke up

678
00:34:24,680 --> 00:34:26,320
Speaker 2: saying I want to be famous or I want to

679
00:34:26,360 --> 00:34:30,680
Speaker 2: be on TV. I just I like helping people live

680
00:34:30,719 --> 00:34:35,480
Speaker 2: a rich life. I like telling jokes online. I like

681
00:34:35,719 --> 00:34:39,040
Speaker 2: my readers and my students. I love them, and I

682
00:34:39,080 --> 00:34:42,640
Speaker 2: love my team. That's what I know. But I also

683
00:34:42,680 --> 00:34:45,080
Speaker 2: know that I've been doing this for twenty years, and

684
00:34:45,360 --> 00:34:48,839
Speaker 2: I know my business pretty well. So at this point

685
00:34:48,840 --> 00:34:51,719
Speaker 2: it was it made me nervous to even contemplate doing

686
00:34:51,719 --> 00:34:53,920
Speaker 2: something where I would lose some control, because once you

687
00:34:54,000 --> 00:34:56,480
Speaker 2: do a show, it's out of your control, you know.

688
00:34:56,560 --> 00:34:58,480
Speaker 2: But at the same time, it was like, Wow, I

689
00:34:58,480 --> 00:35:01,840
Speaker 2: could take my message to a massive audience. You know.

690
00:35:01,920 --> 00:35:04,239
Speaker 2: I look around on the street, whether I'm in La

691
00:35:04,360 --> 00:35:07,400
Speaker 2: New York wherever, and most people don't know the concept

692
00:35:07,520 --> 00:35:10,040
Speaker 2: of a rich life. They don't know how I talk

693
00:35:10,080 --> 00:35:13,439
Speaker 2: about it, and I think they should. And so I said,

694
00:35:13,440 --> 00:35:15,359
Speaker 2: all right, at least I'm gonna take the call. I'm

695
00:35:15,360 --> 00:35:17,960
Speaker 2: gonna take the call. And I got on a call

696
00:35:18,000 --> 00:35:21,320
Speaker 2: with them, and they were very pleasant. They were very flattering.

697
00:35:21,320 --> 00:35:24,759
Speaker 2: They're like, we know your work, you know, we read

698
00:35:24,800 --> 00:35:27,520
Speaker 2: your book in the office. In fact, we hand it around.

699
00:35:27,640 --> 00:35:29,040
Speaker 2: And I was like, let me stop you right there.

700
00:35:29,320 --> 00:35:33,080
Speaker 2: Whatever deal we were going to do, the price just quadrupled.

701
00:35:35,400 --> 00:35:37,360
Speaker 2: And they were laughing. But in my head I was like,

702
00:35:37,400 --> 00:35:41,560
Speaker 2: but I'm not kidding though, So you know what, I

703
00:35:41,600 --> 00:35:44,000
Speaker 2: realized the whole time, the whole time, starting from that

704
00:35:44,080 --> 00:35:47,640
Speaker 2: call through even right now, I said, if I'm gonna

705
00:35:47,680 --> 00:35:50,320
Speaker 2: do this, I'm gonna have fun. And if I'm having fun,

706
00:35:50,680 --> 00:35:54,600
Speaker 2: everybody else is having fun. And that's my motto. Now

707
00:35:54,600 --> 00:35:58,440
Speaker 2: I'm forty years old, I'm gonna have fun doing big projects.

708
00:35:58,600 --> 00:36:00,719
Speaker 2: And you know that shows. It's shows when I'm on

709
00:36:00,800 --> 00:36:03,839
Speaker 2: screen because I'm actually having fun with my guests, even

710
00:36:03,880 --> 00:36:06,520
Speaker 2: when they're you know, being a little nutty, I'm having

711
00:36:06,560 --> 00:36:10,080
Speaker 2: fun and then they're having fun. And that's that's where

712
00:36:10,120 --> 00:36:12,560
Speaker 2: I think that I want to go, you know, with

713
00:36:12,640 --> 00:36:13,399
Speaker 2: the work that I do.

714
00:36:14,160 --> 00:36:16,279
Speaker 1: So how many How long was the taping? Was it

715
00:36:16,320 --> 00:36:17,879
Speaker 1: like a year and a half? Two years?

716
00:36:18,800 --> 00:36:20,919
Speaker 2: It took okay, so it took a while for us

717
00:36:21,040 --> 00:36:24,760
Speaker 2: to solidify the deal, and I was loving it because

718
00:36:25,239 --> 00:36:26,719
Speaker 2: I was like, take as much time as you need.

719
00:36:26,800 --> 00:36:28,640
Speaker 2: More time for me to get in shape, more time

720
00:36:28,640 --> 00:36:31,760
Speaker 2: for me to fix my website. I was like, yeah, no, rush,

721
00:36:31,800 --> 00:36:33,960
Speaker 2: no rush. I was taking two three days to respond

722
00:36:33,960 --> 00:36:36,520
Speaker 2: to emails. I was like, no, let's slow it down.

723
00:36:37,360 --> 00:36:41,560
Speaker 2: And so we find So we finally we finally got

724
00:36:41,560 --> 00:36:44,080
Speaker 2: a date. Okay, we're gonna start shooting. My wife is

725
00:36:44,120 --> 00:36:47,040
Speaker 2: a personal stylist, so she agreed to help style me

726
00:36:47,080 --> 00:36:50,920
Speaker 2: for the entire show. And I remember going in, I

727
00:36:50,960 --> 00:36:53,399
Speaker 2: was getting some pants made. I really love clothes, by

728
00:36:53,400 --> 00:36:56,520
Speaker 2: the way, so I love spending money on clothes. I

729
00:36:56,600 --> 00:36:58,520
Speaker 2: have a few things I call money dials, the things

730
00:36:58,560 --> 00:37:01,120
Speaker 2: where I really love spending it, turning that dial up.

731
00:37:01,160 --> 00:37:03,440
Speaker 2: We all have money dials. One of mine is clothes.

732
00:37:03,800 --> 00:37:07,000
Speaker 2: So I went in to get these pants made and

733
00:37:07,520 --> 00:37:10,240
Speaker 2: I was They're like, okay, let's measure you. I'm like, listen,

734
00:37:10,920 --> 00:37:15,200
Speaker 2: I'm gonna drop this much weight before the shooting, so

735
00:37:15,280 --> 00:37:17,160
Speaker 2: I need you to alter the like, make sure that

736
00:37:17,239 --> 00:37:20,600
Speaker 2: you adjust. And they looked at me like like kind

737
00:37:20,600 --> 00:37:23,960
Speaker 2: of like pity. They're like, this guy's so delusionable. Oh

738
00:37:24,000 --> 00:37:26,759
Speaker 2: my gosh, he really thinks he's gonna lose, like and

739
00:37:26,800 --> 00:37:28,960
Speaker 2: I was like, listen, just make the pants away. I'm saying, Okay,

740
00:37:28,960 --> 00:37:31,320
Speaker 2: I know exactly what I'm gonna do because I'm a professional.

741
00:37:31,360 --> 00:37:33,680
Speaker 2: I've done this before. I know what it takes. I

742
00:37:33,719 --> 00:37:36,120
Speaker 2: have a trainer. So I came back in a few

743
00:37:36,120 --> 00:37:38,560
Speaker 2: months later. They had made the pants as I requested,

744
00:37:39,000 --> 00:37:40,440
Speaker 2: and just to mess with them, I went in the

745
00:37:40,440 --> 00:37:42,960
Speaker 2: fitting room and then I was like, oh my god,

746
00:37:43,120 --> 00:37:46,160
Speaker 2: it doesn't fit at all. And everyone there's like eight

747
00:37:46,239 --> 00:37:50,120
Speaker 2: people tailors, all these people from Italy just to mess

748
00:37:50,120 --> 00:37:52,040
Speaker 2: with them, and then I came out and it fit perfectly,

749
00:37:52,200 --> 00:37:56,080
Speaker 2: so again I'm having fun. In terms of shooting, we

750
00:37:56,160 --> 00:37:59,319
Speaker 2: shot principal shooting for about four months. That was all

751
00:37:59,320 --> 00:38:03,120
Speaker 2: around the country. Yeah, all around the country, fourteen hour days,

752
00:38:03,239 --> 00:38:06,759
Speaker 2: very busy, very intense. I've never worked as intensely as

753
00:38:06,800 --> 00:38:09,920
Speaker 2: on that. It was actually really fun, very exhilarating. Okay,

754
00:38:10,120 --> 00:38:13,480
Speaker 2: and then we did about five months in post and

755
00:38:13,520 --> 00:38:15,239
Speaker 2: then it was ready to go.

756
00:38:16,239 --> 00:38:18,560
Speaker 1: Is it has your life like explode? Because I saw

757
00:38:18,600 --> 00:38:22,680
Speaker 1: your book was like number one on Amazon, which just

758
00:38:22,719 --> 00:38:26,160
Speaker 1: for contact y'all. At every any given moment, there's like

759
00:38:26,200 --> 00:38:28,640
Speaker 1: a million plus books being sold in Amazon.

760
00:38:28,880 --> 00:38:30,920
Speaker 2: Like, well, sty as far as I'm concerned, there's only

761
00:38:30,960 --> 00:38:33,000
Speaker 2: two books yours and mine on Amazon. They're the only

762
00:38:33,040 --> 00:38:33,640
Speaker 2: ones that matter.

763
00:38:34,480 --> 00:38:37,799
Speaker 1: But I was like, because I'm like a stalker of

764
00:38:37,840 --> 00:38:39,480
Speaker 1: like successful people, so I'm always like, you know, just

765
00:38:39,520 --> 00:38:41,200
Speaker 1: low key, I just be checking people's numbers. They don't

766
00:38:41,200 --> 00:38:44,000
Speaker 1: even know me. I like I do because I would

767
00:38:44,000 --> 00:38:46,719
Speaker 1: to know, like what's what's tea? I'm like, oh, interesting

768
00:38:47,160 --> 00:38:49,920
Speaker 1: if it was, and then ilow, I'm always slightly judging

769
00:38:49,960 --> 00:38:52,040
Speaker 1: oof it was me, I would have done that I'll

770
00:38:52,160 --> 00:38:55,440
Speaker 1: like or I'm like, really like, to me, my biggest

771
00:38:55,440 --> 00:38:57,480
Speaker 1: pet peeve. If somebody has a book, let's just say

772
00:38:57,480 --> 00:38:59,839
Speaker 1: it's called you know, I walk the Dog, you know,

773
00:39:00,080 --> 00:39:02,600
Speaker 1: and like you're telling the people by my book everywhere

774
00:39:02,640 --> 00:39:05,600
Speaker 1: books are sold. I'm like, you mean, why don't you

775
00:39:05,680 --> 00:39:08,480
Speaker 1: own I walked thedog dot com or I walked thedogbook

776
00:39:08,480 --> 00:39:10,400
Speaker 1: dot com. I mean, for the love of God, make

777
00:39:10,440 --> 00:39:12,360
Speaker 1: it easy for me to find it, and so like,

778
00:39:12,440 --> 00:39:14,720
Speaker 1: I just love to see when someone took to your point.

779
00:39:15,080 --> 00:39:16,440
Speaker 1: I don't know how many people would have had this

780
00:39:16,480 --> 00:39:18,759
Speaker 1: thing happen and not had anything ready or I was

781
00:39:18,960 --> 00:39:22,359
Speaker 1: ready when and that was just a part of a documentary.

782
00:39:22,640 --> 00:39:25,279
Speaker 1: I mean, like we updated the side. I captured so

783
00:39:25,360 --> 00:39:27,960
Speaker 1: many emails, so many because you're like, you're like you're

784
00:39:28,000 --> 00:39:30,799
Speaker 1: an online person saying and so like how I mean

785
00:39:30,840 --> 00:39:34,040
Speaker 1: I saw for my own self how your journal like

786
00:39:34,120 --> 00:39:39,799
Speaker 1: sold out everywhere, how your book just exploded. But like

787
00:39:39,840 --> 00:39:41,799
Speaker 1: what other kind of like I'm sure those are things

788
00:39:41,880 --> 00:39:45,120
Speaker 1: you expected, anything unexpected where you were like whoa, like

789
00:39:45,280 --> 00:39:47,719
Speaker 1: will you walk down the street now? Like were you like, hey,

790
00:39:47,840 --> 00:39:50,080
Speaker 1: is that re meeat before? And they're like it's definitely

791
00:39:50,080 --> 00:39:50,640
Speaker 1: remat now.

792
00:39:51,600 --> 00:39:55,120
Speaker 2: Yeah, I think a lot of things change in a

793
00:39:55,160 --> 00:40:00,600
Speaker 2: really positive way. I'm very thankful for it. So my

794
00:40:00,760 --> 00:40:04,200
Speaker 2: podcast called I Will Teach You to Be Rich that

795
00:40:04,239 --> 00:40:08,560
Speaker 2: went to number five on all of Apple and what. Yeah,

796
00:40:08,600 --> 00:40:14,080
Speaker 2: that was like shocking and it's just attracted so many people,

797
00:40:14,320 --> 00:40:18,520
Speaker 2: which is amazing. Of course, you know, we had the

798
00:40:18,520 --> 00:40:21,680
Speaker 2: stuff that we expected. Lots of people come to the website,

799
00:40:21,719 --> 00:40:24,520
Speaker 2: lots of people following us on social joining our email newsletter.

800
00:40:24,600 --> 00:40:27,960
Speaker 2: I love all that. I think the podcast was really surprising.

801
00:40:28,280 --> 00:40:31,040
Speaker 2: And I'll tell you something else. You know, I've I

802
00:40:31,080 --> 00:40:32,719
Speaker 2: lived in Europe for a long time, so people would

803
00:40:32,760 --> 00:40:34,719
Speaker 2: recognize me if I was out on a Saturday, I

804
00:40:34,719 --> 00:40:37,920
Speaker 2: would definitely get recognized a few times. That number has exploded,

805
00:40:38,320 --> 00:40:41,040
Speaker 2: so a lot of people coming up, but also the

806
00:40:41,280 --> 00:40:45,640
Speaker 2: type of people coming up to me incredibly diverse. Incredibly.

807
00:40:45,880 --> 00:40:48,440
Speaker 2: I'm walking in the Lower east Side, I'm getting people

808
00:40:48,840 --> 00:40:51,200
Speaker 2: coming up to me. I'm walking on the Upper east Side,

809
00:40:51,360 --> 00:40:53,680
Speaker 2: Upper West I'm getting different types of people coming up

810
00:40:53,680 --> 00:40:59,400
Speaker 2: to me, people that I did not get coming up before.

811
00:41:00,080 --> 00:41:02,640
Speaker 2: There's some people who are just never going to follow

812
00:41:03,160 --> 00:41:07,240
Speaker 2: a newsletter or social media about money, but they'll watch

813
00:41:07,280 --> 00:41:09,440
Speaker 2: it on how to get rich on Netflix, and so

814
00:41:09,480 --> 00:41:13,200
Speaker 2: I'm thankful for that. And they're always they're always really nice,

815
00:41:13,239 --> 00:41:16,800
Speaker 2: they have the best stories, they're super thankful. They'll say

816
00:41:17,000 --> 00:41:19,160
Speaker 2: like one it's like comical because I'll be walking with

817
00:41:19,200 --> 00:41:24,120
Speaker 2: my wife and someone will be like thank you, and

818
00:41:24,200 --> 00:41:27,279
Speaker 2: I'm like, that's like pretty dramatic, like all right, thank you.

819
00:41:28,920 --> 00:41:31,239
Speaker 2: But it reminds me because I don't go up to celebrities.

820
00:41:31,239 --> 00:41:33,160
Speaker 2: If I see anyone who I think is a celebrity,

821
00:41:33,160 --> 00:41:35,799
Speaker 2: I'm like, what am I gonna say? I don't want

822
00:41:35,840 --> 00:41:37,759
Speaker 2: to be a door. So I just walked right past him.

823
00:41:38,120 --> 00:41:40,880
Speaker 2: And the only the only celebrity I ever went up

824
00:41:40,920 --> 00:41:45,160
Speaker 2: to was this guy Marcus Lamonis. He's on CNBC The

825
00:41:45,160 --> 00:41:48,600
Speaker 2: Prophet and I like him a lot. And I saw

826
00:41:48,680 --> 00:41:50,799
Speaker 2: him this at this burger place that I went to,

827
00:41:51,200 --> 00:41:53,880
Speaker 2: and I was like, oh my god, it's Marcus Lamona's

828
00:41:54,080 --> 00:41:55,279
Speaker 2: and my wife's like, you got to go take a

829
00:41:55,320 --> 00:41:57,560
Speaker 2: picture with him. I'm like, no, I can't, I can't.

830
00:41:57,840 --> 00:41:59,160
Speaker 2: And he was in a place like it was a

831
00:41:59,200 --> 00:42:01,400
Speaker 2: public place, he was meant to be greeted. He was

832
00:42:02,160 --> 00:42:04,520
Speaker 2: promoting one of his businesses. So I went up to

833
00:42:04,600 --> 00:42:07,759
Speaker 2: him and I was sweating, and I was like, Marcus,

834
00:42:08,040 --> 00:42:10,840
Speaker 2: I'm such a fan. I watch your show every week

835
00:42:11,120 --> 00:42:13,279
Speaker 2: and then I can I get a photo and I

836
00:42:13,320 --> 00:42:16,879
Speaker 2: did exactly what other people do. So you know what,

837
00:42:17,120 --> 00:42:19,759
Speaker 2: I turned into like a blubbering idiot. And that's why

838
00:42:19,760 --> 00:42:22,360
Speaker 2: I have so much respect for anyone who comes up yes,

839
00:42:22,440 --> 00:42:25,160
Speaker 2: because I'm like that takes a lot of courage. I

840
00:42:25,200 --> 00:42:28,279
Speaker 2: don't have that courage. So anyway, thanks to everyone who

841
00:42:28,320 --> 00:42:30,480
Speaker 2: watches and listens and follows. I love that.

842
00:42:30,560 --> 00:42:32,680
Speaker 1: Honestly, that's probably my favorite thing because I'm a people person,

843
00:42:32,800 --> 00:42:34,560
Speaker 1: so I love that people come up there. I mean,

844
00:42:34,760 --> 00:42:37,719
Speaker 1: my audience is on purpose largely black women, and they're

845
00:42:37,760 --> 00:42:40,920
Speaker 1: just like the best cause they're like, girl, I love you, girl,

846
00:42:40,920 --> 00:42:43,399
Speaker 1: I'm like love you too, and so they're so supportive.

847
00:42:43,760 --> 00:42:46,200
Speaker 1: So every once in a while, though it won't be

848
00:42:47,320 --> 00:42:49,160
Speaker 1: like it'll be a white guy that comes up to me,

849
00:42:49,200 --> 00:42:50,400
Speaker 1: and I'm always shocked.

850
00:42:50,120 --> 00:42:53,600
Speaker 2: Like, what, that's cool, but how did you find me?

851
00:42:53,640 --> 00:42:57,400
Speaker 1: Timothy? Is your wife? Black?

852
00:42:58,239 --> 00:43:02,360
Speaker 2: Timothy goes I listened to Brown Ambition and you'd be surprised.

853
00:43:01,960 --> 00:43:05,200
Speaker 1: I honestly, So that's been happening more and more, like,

854
00:43:06,000 --> 00:43:09,400
Speaker 1: which is so crazy because I mean I always I

855
00:43:09,400 --> 00:43:11,960
Speaker 1: don't turn anyone away, you know, but I started this

856
00:43:12,040 --> 00:43:14,479
Speaker 1: work specifically because I'm like, there's a gap here and

857
00:43:15,200 --> 00:43:17,480
Speaker 1: I needed this, and so yeah, no, I think that

858
00:43:17,560 --> 00:43:19,840
Speaker 1: is definitely my favorite part. It's just like knowing that

859
00:43:19,880 --> 00:43:22,800
Speaker 1: your work is getting out there and people who likely

860
00:43:22,840 --> 00:43:24,919
Speaker 1: would not normally be touched and moved by it get

861
00:43:24,960 --> 00:43:26,359
Speaker 1: moved and touched by So I love that.

862
00:43:26,480 --> 00:43:29,399
Speaker 2: I love that, and I also I also love the representation.

863
00:43:29,600 --> 00:43:32,480
Speaker 2: Like when I was in Vegas recently and there was

864
00:43:32,520 --> 00:43:36,080
Speaker 2: an Indian family that came up to me, and I

865
00:43:36,120 --> 00:43:39,520
Speaker 2: just loved it because they there were two parents and

866
00:43:40,120 --> 00:43:45,200
Speaker 2: they had their son and daughter and I when I

867
00:43:45,200 --> 00:43:47,319
Speaker 2: grew up, when I was a kid, there were no

868
00:43:47,480 --> 00:43:51,719
Speaker 2: Indian superheroes that I knew of. Superhero was like Clark Kent,

869
00:43:52,280 --> 00:43:57,560
Speaker 2: white guy with big muscles, and I didn't see anyone

870
00:43:57,640 --> 00:44:01,359
Speaker 2: who looked like me. And you know, we know what

871
00:44:01,520 --> 00:44:05,000
Speaker 2: representation is and why it matters, but as a kid,

872
00:44:05,080 --> 00:44:09,480
Speaker 2: you don't realize. You just internalize, like, oh, it's big

873
00:44:09,520 --> 00:44:14,200
Speaker 2: white guys that have muscles. But me, I do spelling bees, okay,

874
00:44:14,239 --> 00:44:16,560
Speaker 2: And I did spelling bees and I dominated and that

875
00:44:16,719 --> 00:44:20,480
Speaker 2: was great, But it wasn't until my twenties where I

876
00:44:20,560 --> 00:44:24,239
Speaker 2: finally realized if I want to change my body, I can,

877
00:44:24,960 --> 00:44:27,239
Speaker 2: and I can learn how to eat differently and work

878
00:44:27,239 --> 00:44:29,840
Speaker 2: out differently, and I can get help from friends and

879
00:44:29,880 --> 00:44:33,279
Speaker 2: trainers and stuff like that. So I think it's cool.

880
00:44:33,480 --> 00:44:35,480
Speaker 2: I love seeing this Indian family come up and say

881
00:44:35,480 --> 00:44:38,759
Speaker 2: hello and take a picture because they're kids who are

882
00:44:38,800 --> 00:44:43,480
Speaker 2: probably twelve. See a guy, they go, This Indian guy's

883
00:44:43,520 --> 00:44:48,560
Speaker 2: on TV. He looks like me. You know, maybe I

884
00:44:48,600 --> 00:44:52,319
Speaker 2: can do that. Maybe the possibilities are bigger than what

885
00:44:52,440 --> 00:44:54,440
Speaker 2: I had realized for myself. So to me, that's like

886
00:44:54,440 --> 00:44:58,600
Speaker 2: a very very meaningful part of doing what I do.

887
00:44:59,120 --> 00:45:01,239
Speaker 1: I just think too, I think because I'm sure you're

888
00:45:01,440 --> 00:45:05,960
Speaker 1: you know, I know that the parenting in the Indian

889
00:45:05,960 --> 00:45:08,560
Speaker 1: household is very similar to parenting in the African household,

890
00:45:08,680 --> 00:45:12,920
Speaker 1: which is you have a few professions you can do doctor, lawyer, engineer,

891
00:45:13,200 --> 00:45:15,560
Speaker 1: pharmacist or drug dealer. Because that's my dad thought. He

892
00:45:15,640 --> 00:45:17,880
Speaker 1: was like anything else, you're clearly dealing drugs. I'm like,

893
00:45:17,880 --> 00:45:22,839
Speaker 1: but I'm a teacher. He was like dorgs drawn to disappointment.

894
00:45:22,920 --> 00:45:23,480
Speaker 1: I'm like, what.

895
00:45:24,920 --> 00:45:25,400
Speaker 2: Amazing?

896
00:45:25,920 --> 00:45:30,319
Speaker 1: But now I'm one of five girls and Lisa's the baby,

897
00:45:30,320 --> 00:45:32,160
Speaker 1: although she's not a baby. She's in her early thirties.

898
00:45:32,400 --> 00:45:34,200
Speaker 1: My mom was telling her the other day because Lisa

899
00:45:34,320 --> 00:45:36,439
Speaker 1: is a typical baby, like oh, this job, this job.

900
00:45:36,800 --> 00:45:39,520
Speaker 1: And my mom was like, Lisa, why don't you so

901
00:45:39,600 --> 00:45:41,880
Speaker 1: my African name is Adoci. Why don't you do like

902
00:45:41,880 --> 00:45:46,680
Speaker 1: Adouci and started business. I was like, who are you

903
00:45:46,719 --> 00:45:50,400
Speaker 1: a woman? Yeah? Because that I mean the fact that

904
00:45:50,400 --> 00:45:53,440
Speaker 1: that's even on the table now, I mean, you know,

905
00:45:53,800 --> 00:45:57,279
Speaker 1: like I just couldn't believe. So I love that there

906
00:45:57,360 --> 00:46:00,040
Speaker 1: are you know, Indian kids that are going to be

907
00:46:00,040 --> 00:46:02,200
Speaker 1: able to point to you to say, I actually don't

908
00:46:02,239 --> 00:46:04,360
Speaker 1: have to be a doctor, mom, dad, like look a

909
00:46:04,440 --> 00:46:06,840
Speaker 1: re meat, like there is success in other areas. And

910
00:46:06,880 --> 00:46:08,759
Speaker 1: we understand why our parents did that because they know

911
00:46:09,120 --> 00:46:11,400
Speaker 1: it's not easy being broad in this country. There are

912
00:46:11,440 --> 00:46:15,799
Speaker 1: certain professions that can that can provide like safety for

913
00:46:15,840 --> 00:46:18,319
Speaker 1: you or like you know, professional success for you. But

914
00:46:18,440 --> 00:46:20,680
Speaker 1: you get to widen that scope and they can say

915
00:46:20,760 --> 00:46:24,160
Speaker 1: there's wild success, you know, in other areas. So I

916
00:46:24,160 --> 00:46:24,480
Speaker 1: love that.

917
00:46:24,719 --> 00:46:27,640
Speaker 2: So yeah, totally, thank you so.

918
00:46:27,680 --> 00:46:29,520
Speaker 1: Much for coming on. You're awesome, sauces. Where can the

919
00:46:29,520 --> 00:46:31,839
Speaker 1: people find you? Can you share like your your Netflix again,

920
00:46:31,920 --> 00:46:33,799
Speaker 1: your book again, and anything else you want to share.

921
00:46:33,960 --> 00:46:37,879
Speaker 2: Yeah, so if you are listening to this, you might

922
00:46:37,920 --> 00:46:41,520
Speaker 2: also like my podcast where I bring couples on and

923
00:46:41,640 --> 00:46:44,720
Speaker 2: you can actually see them. You can see their faces

924
00:46:44,760 --> 00:46:47,560
Speaker 2: on YouTube, and I insist that they share all of

925
00:46:47,600 --> 00:46:50,720
Speaker 2: their numbers. So you hear a couple with eight hundred

926
00:46:50,719 --> 00:46:53,520
Speaker 2: thousand dollars of debt. They're concerned they can't afford to

927
00:46:53,520 --> 00:46:57,400
Speaker 2: have children. You hear another couple where twenty one years marriage,

928
00:46:57,440 --> 00:47:00,239
Speaker 2: she's about to divorce him because he's too cheap. They're

929
00:47:00,239 --> 00:47:04,200
Speaker 2: net worth thirteen million dollars. Yeah, you get to actually

930
00:47:04,239 --> 00:47:06,920
Speaker 2: listen in on couples with all over all of the

931
00:47:06,960 --> 00:47:11,720
Speaker 2: socioeconomic spectrum, all different kinds talking about real money issues.

932
00:47:11,760 --> 00:47:14,120
Speaker 2: That's called I Will Teach You to Be Rich. My

933
00:47:14,239 --> 00:47:16,279
Speaker 2: book I Will Teach You to Be Rich. You can

934
00:47:16,280 --> 00:47:19,839
Speaker 2: find that on Amazon, you can find it at any

935
00:47:19,840 --> 00:47:23,480
Speaker 2: bookstore including Barnes and Noble. And then of course the

936
00:47:23,560 --> 00:47:27,320
Speaker 2: show How to Get Rich that's on Netflix and you

937
00:47:27,360 --> 00:47:29,520
Speaker 2: can stream that anywhere in the world.

938
00:47:30,000 --> 00:47:33,440
Speaker 1: I Am back. Wasn't for me? Amazing? Yes, that was

939
00:47:33,480 --> 00:47:36,640
Speaker 1: such an awesome throwback and such a fun trip down

940
00:47:36,880 --> 00:47:41,480
Speaker 1: memory lane. Don't forget that Brown Ambition is now every Monday,

941
00:47:41,560 --> 00:47:45,520
Speaker 1: Wednesday and for Friday. Okay, Monday is throwback Monday. Wednesday

942
00:47:45,640 --> 00:47:49,000
Speaker 1: is the main EPI and then Friday baqa, we got

943
00:47:49,040 --> 00:47:49,520
Speaker 1: you all week.

944
00:47:49,520 --> 00:47:49,960
Speaker 2: Booboo.

945
00:47:50,360 --> 00:47:52,600
Speaker 1: See you next week hopefully actually see you on Wednesday