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Speaker 1: Welcome to How to Money. I'm Joel and I and

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Speaker 1: Matt and today we're talking from homeless to Debt Free

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Speaker 1: with Anthony O'Neill. Our guest today is Anthony O'Neill, who

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Speaker 1: has helped hundreds of thousands of people make smart decisions

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Speaker 1: with their money, with their relationships and education as well.

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Speaker 1: Man He is a number one national bestselling author of

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Speaker 1: Debt Free Degree and The Graduate Survival Guide. Anthony travels

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Speaker 1: to the country spreading his encouraging message to help teens

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Speaker 1: UH and young adults alike to to start their lives

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Speaker 1: off right UH and to help people of all ages

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Speaker 1: succeed with their money. A part of that message is

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Speaker 1: in the ability to pursue passions while living a well

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Speaker 1: balanced life. Were all about that that balance. Here at

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Speaker 1: How Some Money, and we're excited to hear Anthony's story

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Speaker 1: as well as how college students and young adults can

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Speaker 1: avoid the crippling effects of debt. So, Anthony, Man, thank

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Speaker 1: you so much for joining us on the podcast. Oh Man,

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Speaker 1: Matt and Joel, thank you so much for having me on.

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Speaker 1: And I've been looking forward to this every since. Um

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Speaker 1: I saw that was vided invited on the show. So again,

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Speaker 1: thanks for having me us too. Man. Yeah, we're really

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Speaker 1: excited to chat and Anthony. Uh. One thing Matt and

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Speaker 1: I absolutely love. We love to drink craft beer. And

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Speaker 1: so when we when we do the podcast, oftentimes most

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Speaker 1: of the time we're having a delicious beer while we're

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Speaker 1: doing it. And so today we're drinking a beer called

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Speaker 1: Coastal Sunshine a brewery called Humble Forager. And so that's

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Speaker 1: like kind of our splurge, right, that we're spending money

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Speaker 1: on in the here and now while we're also trying

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Speaker 1: to save and invest well for the future. So our

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Speaker 1: first question to every against, our first question to you

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Speaker 1: is what's your splurge? What is the thing that you

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Speaker 1: spend money on now while you're also trying to be

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Speaker 1: wise and thoughtful about saving money for the future. Oh man,

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Speaker 1: that's a good question. Um shocking. I do not drink beer,

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Speaker 1: but I am a golfer. So I am a member

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Speaker 1: of a private country club um here in the beautiful

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Speaker 1: city of Nashville, Tennessee. And so you know that that's

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Speaker 1: a lot of money a month. But at the same time,

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Speaker 1: I actually enjoy it, because I mean other millionaires of

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Speaker 1: the successful people and while they're drinking beers and playing golf,

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Speaker 1: maybe having a cigar and playing golf and asking questions

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Speaker 1: and learning from them. So I I splurged a little

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Speaker 1: bit on elling the golf world. So that's my splurage, man,

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Speaker 1: I have it. Clubs are not cheap, ye, Andy. I

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Speaker 1: grew up in Augusta, so I I grew up surrounded

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Speaker 1: by golf and actually the Masters they are, yeah making

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Speaker 1: that tournament happen this fall, which is really cool. So

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Speaker 1: but yeah, yeah, private clubs, man, they are expensive. God.

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Speaker 1: You know though, like that's that's for for me, a man.

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Speaker 1: It's all about intentionality and if you're like, man, there's

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Speaker 1: a reason for it. This, this moves the needle for me,

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Speaker 1: then putting your money there, it makes sense. And I think,

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Speaker 1: you know, oftentimes the world personal finance, we can get

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Speaker 1: a little judge and it's like, oh, you're not doing

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Speaker 1: it right. But as long as it's something you're doing intentionally,

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Speaker 1: then it's totally cool. Absolutely. Plus I mean you can

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Speaker 1: probably ride off some of those expenses as like business networking, right,

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Speaker 1: I mean a little bit of and then not all

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Speaker 1: of it, just just a little bit of it, but yeah,

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Speaker 1: just a touch definitely can't ride out the cigars right

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Speaker 1: off to alcohol. But it's a great it's it's a

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Speaker 1: great little splurs that I have on a monthly basis.

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Speaker 1: I love it. All. Right, Well, let's kind of dive

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Speaker 1: in here. Let's start talking with let's talk about your

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Speaker 1: college experience. You know, like you had college paid for

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Speaker 1: with scholarships, uh and your your father's g I bill,

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Speaker 1: But a couple of things happened when you got to

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Speaker 1: campus that that really upended your whole college experience. Can

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Speaker 1: you tell us about that something? You know, it really

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Speaker 1: wasn't a couple of things, you know, it was really

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Speaker 1: just one thing, and it was myself. You know, I

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Speaker 1: got into the college campus, I had a lack of

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Speaker 1: financial education. My parents taught me two important things growing up,

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Speaker 1: which were they were all great parents. Um, I love

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Speaker 1: them dearly, but they had the very first thing was, hey,

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Speaker 1: here's how you obeyed a law as far as the

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Speaker 1: get home safe and sound. And the second conversation was,

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Speaker 1: here's how you obey the spiritual laws. I was raised

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Speaker 1: up in a very strong Christian home. So their philosophy is,

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Speaker 1: you know, hey, we don't want you to go to hell.

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Speaker 1: We want to go to heaven. And so those are

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Speaker 1: two important things. We never talked about budgeting. We never

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Speaker 1: talked about how to build wealth. We never talked about

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Speaker 1: what is the credit score. We never talked about how

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Speaker 1: to manage a checkbook. So when I walked into the

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Speaker 1: college campus, I'm getting hit with all these individuals saying, hey,

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Speaker 1: I signed up for this credit card, signed for this

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Speaker 1: credit card. And I'm thinking, if I'm going to be

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Speaker 1: a man, I need to have a credit score. In

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Speaker 1: order for me to have a credit score, I need

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Speaker 1: to have a credit card. So the very first guy

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Speaker 1: that jumped out in front of me offered me two

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Speaker 1: free large pieces on a free T shirt. I was like, yeah,

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Speaker 1: let me do it, because I mean, I want to

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Speaker 1: be a man and I am a man now, so

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Speaker 1: I need to get this right, especially the two free

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Speaker 1: large pieces. But but the true story, which I hardly

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Speaker 1: tell people, is that out of the two free large pieces, um,

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Speaker 1: I only actually had one slice of the pizza. All

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Speaker 1: my peers ate them. That night when we went home,

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Speaker 1: I did have the T shirt. Yeah. So but you

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Speaker 1: know about a month later, man, my mom told me

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Speaker 1: has some mail at the house. I go home, I

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Speaker 1: checked my mail, and you know, my mom and I

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Speaker 1: noticed that I received my very first credit card, and

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Speaker 1: she was like, hey, you don't need that credit card, son,

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Speaker 1: you need to stay away from that. You no, no,

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Speaker 1: don't do it. And I was like, Mom, I got this.

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Speaker 1: I'm a grown man. I racked up that credit card

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Speaker 1: within a matter of thirteen and fourteen hours UM. I

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Speaker 1: spent a hundred and fifty dollars at red Lobster. Uh,

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Speaker 1: I spent a hundred and fifty dollars on one hundred

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Speaker 1: flowers dot com, and then spent two hundred dollars UM

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Speaker 1: on a duny in Burke's purse. So that whole five

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Speaker 1: hundred dollars I spent it to impress a female I

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Speaker 1: can't even remember her name today. And I made the

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Speaker 1: small little payment back then. I think it's like thirty

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Speaker 1: five dollars and some change. And a month later, this

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Speaker 1: bank sends me back your letter saying, hey, thank you

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Speaker 1: for the first payment. We've up your limit from five

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Speaker 1: hundred to a thousand dollars. And within a matter of

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Speaker 1: an hour of me getting that letter in the mail,

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Speaker 1: I maxed out that five extra five hundred dollars. Yeah,

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Speaker 1: I went and put a five dollars sound system in

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Speaker 1: the back of my black on black nineteen eighty seven

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Speaker 1: Nissan Maximum that could not even go on reverse. So

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Speaker 1: you know, the sound system and the spinning wheels on

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Speaker 1: the car were actually worked more than an actual car.

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Speaker 1: And so during that whole season of my life, Man

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Speaker 1: and Joe. Now at the age of thirty six, I

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Speaker 1: can sit here and and honestly tell myself that I

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Speaker 1: did all of this. I racked up fifteen thousand dollars

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Speaker 1: in credit card debt, ten thousand dollars in um student

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Speaker 1: loan debt when I didn't even need the student loans,

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Speaker 1: and ten thousand dollars of furniture bills, just to impress

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Speaker 1: my peers, just to impress the ladies, just to be

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Speaker 1: liked by individuals who I'm not even in a relationship

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Speaker 1: with today. No friendship, no dating ship, none of that stuff. Today,

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Speaker 1: and I make a poor decision again trying to impress friends,

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Speaker 1: and unfore that decision cost me my college experience. And

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Speaker 1: when I lost my scholarship, when I lost the college experience,

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Speaker 1: I lost a job that was attached to my college.

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Speaker 1: And when I lost that job, I lost the income

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Speaker 1: I was using the pay rent to pay my bills,

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Speaker 1: and so when I lost the income and pay rent,

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Speaker 1: I thought I was going home. But the key word

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Speaker 1: there was thought. You See, when I went home, my

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Speaker 1: father met me at the door and said, since you

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Speaker 1: think you're a grown man, you made all these decisions,

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Speaker 1: and a grown man lives with the decisions that he made,

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Speaker 1: so go live with them. And I did just that.

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Speaker 1: I called all my peers who I tried to impress.

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Speaker 1: Not one of them offered me a couch to sleep on,

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Speaker 1: a bath, to take a bath, in a table to

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Speaker 1: eat at. Not one half of them didn't even return

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Speaker 1: my phone calls. Uh, the three guys I got in

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Speaker 1: trouble with their parents wouldn't allow me to come over

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Speaker 1: the house because we all were in trouble for the

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Speaker 1: poor decisions that we made so at the age of nineteen,

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Speaker 1: not only my thirty five thousand dollars in that, but

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Speaker 1: I'm also homeless, sleep in the back of my car

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Speaker 1: off of Highway seventy six and Oceanside, California, sleeping in

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Speaker 1: my car and the back seat of my car at

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Speaker 1: a Walmart, and I'm sitting here just depressed. I'm sitting

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Speaker 1: here like wow. Uh. The spiritual faith side of me

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Speaker 1: was like God doesn't love me. Uh. The physical side

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Speaker 1: of me is like, my parents don't love me, my

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Speaker 1: friends used me. Why am I here? And I thought

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Speaker 1: about committing suicide. Oh wow, my goodness. So that one

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Speaker 1: interaction with the personal campus that was dishing out the

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Speaker 1: credit cards just completely derailed everything and led you to

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Speaker 1: massive depression and homelessness, all these all that stuff. So

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Speaker 1: how how in the world did you climb out of

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Speaker 1: such a desperate place? You know, it's the back seat

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Speaker 1: of my car. I'll never I will never forget this day. Um.

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Speaker 1: I told myself, you know what, you made these poor decisions.

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Speaker 1: And there was at a point in my life to

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Speaker 1: where I had to realize that the caliber of my

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Speaker 1: future will be determined by the choices that I make today.

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Speaker 1: And I said, I'm going to make this choice. And

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Speaker 1: the very first choice was I had to take ownership

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Speaker 1: of the decisions that I made, and I did just that.

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Speaker 1: I went home, I told my father and my mother said, hey,

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Speaker 1: I made the poor decisions. I am ready to become

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Speaker 1: a man, but I'm not a man today. Father, pops,

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Speaker 1: can you help me grow into that man? And my

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Speaker 1: father said yes. He gave me a Dave Ramsey budget

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Speaker 1: for him. He said, you're gonna get on the budget.

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Speaker 1: I said, with Dad, I don't have any money. He said,

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Speaker 1: I know. That's the next thing you're You're going to

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Speaker 1: get a job. And I got a job. Got a

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Speaker 1: job working eight to five, and then in between five

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Speaker 1: and seven, right before the summer go down, I'll go

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Speaker 1: watch cars. And then at nighttime, from about two am

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Speaker 1: to about five am, I would go deliver newspapers. And

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Speaker 1: I did that for two or three years, so I

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Speaker 1: can pay off all my debt. Because I was sick

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Speaker 1: and tired of living paycheck to paycheck. I was tired

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Speaker 1: of looking like I have money but didn't have money.

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Speaker 1: I was tired of going out to the beach with

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Speaker 1: my friends in California, and we all have nice cars.

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Speaker 1: We all have to spend the wheels. Back then, in

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Speaker 1: the early two thousand's, we all looked good, but we

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Speaker 1: were not good. I wanted to be and grow true wealth,

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Speaker 1: not look like I'm rich. And so that was the

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Speaker 1: season that shifted myself to saying, Okay, this is what

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Speaker 1: I'm gonna do. I got on a clear vision. I

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Speaker 1: got on a clear path. I lost some friends, I

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Speaker 1: gained some better friends, and I stayed the course. Have

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Speaker 1: I made all the right decisions since then with my money?

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Speaker 1: Absolutely not. I've made mistakes. Even recently, I've made mistakes

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Speaker 1: with money. But the key thing here is when I fail,

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Speaker 1: I learned. When I learned, I improve. When I improve,

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Speaker 1: I grow. That's so good, Such a nice little synopsis

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Speaker 1: of your entire story. You know, you know you kind

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Speaker 1: of go through that pretty quickly here, but we know

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Speaker 1: that you know, you certainly had some hardships and a

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Speaker 1: lot of emotion and a difficult time as you kind

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Speaker 1: of work through that. So you know, like you mentioned

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Speaker 1: your dad, it sounds like he played a pretty pivotal

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Speaker 1: role to kind of help you to get back on

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Speaker 1: your feet from a mental standpoint, and he allows you

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Speaker 1: to learn how to handle your personal finances. Not everybody

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Speaker 1: has somebody in their life like that, right, So obviously

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Speaker 1: with for him, Dave Ramsey, you know, the baby's ups

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Speaker 1: were important. That was a big part of how you

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Speaker 1: were able to turn around. How would you recommend for

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Speaker 1: just a lot of folks out there, just across the spectrum,

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Speaker 1: how do folks learn how to handle their money without

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Speaker 1: making some of the mistakes that you did well. The

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Speaker 1: key thing is when it comes to learning how to

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Speaker 1: handle your money, and I say it should be a

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Speaker 1: good steward with your money, UM is to have a

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Speaker 1: plan for your money. I believe that where there is

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Speaker 1: no vision, that's for people perish. And I believe it's

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Speaker 1: the exact same thing when it comes to our money,

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Speaker 1: where there is no vision for our money, that's why

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Speaker 1: we have holes in our pockets. That's why we wake

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Speaker 1: up on Tuesday when we just got paid on Friday.

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Speaker 1: Same where did the check go? Well, you didn't spend

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Speaker 1: it on paper first. So the very first thing that

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Speaker 1: I'm always telling people, UM is to have a vision

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Speaker 1: for your money. And that's a budget you know, get

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Speaker 1: on you know, on an app called Every Dollar list

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Speaker 1: all of your income, list all of your expenses, and

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Speaker 1: at the bottom of that budget, make sure it's zero.

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Speaker 1: That's called a zero based budget. So that's the very

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Speaker 1: first thing. Then after that is have a vision. You know,

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Speaker 1: where do you want to go in life? What do

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Speaker 1: you want to do? Do you want to be a

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Speaker 1: homeowner one day? Do you want to purchase a car

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Speaker 1: one day? You know what you know do you want

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Speaker 1: to get married one day? You know, manage Joe. My

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Speaker 1: parents were so broke that they didn't have a wedding.

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Speaker 1: They were so broke that my mom didn't have a

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Speaker 1: ring until three years into her marriage. They were so

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Speaker 1: broke that we never took a family vacation. I've never

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Speaker 1: been to Disneyland. I don't know what Disneyland or Disney

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Speaker 1: World looks like. Um spring break. I had to get

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Speaker 1: a job because our family would live in paycheck to paycheck.

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Speaker 1: I got one pair of shoes a year. I remember

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Speaker 1: one time I didn't get a pair of shoes for

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Speaker 1: two years because my parents will live in paycheck to paycheck.

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Speaker 1: So a part of my vision, um is that I

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Speaker 1: want to make sure that when I do get married,

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Speaker 1: that I'm on a complete opposite side. That I don't

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Speaker 1: have any debt, That I can buy my kids shoes,

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Speaker 1: that I can give my wife not just a ring,

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Speaker 1: but a beautiful ring. That we can travel the country,

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Speaker 1: that we can take our kids and create memories. And

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Speaker 1: that's my vision, and that vision keeps me on track

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Speaker 1: to be a good to it with my money, keeps

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Speaker 1: me from avoiding debt, and it keeps me to going

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Speaker 1: after building wealth, and not just wealth, but generational wealth,

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Speaker 1: wealth that I can leave to my kids kids. I

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Speaker 1: think that informed vision is it is such a huge,

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Speaker 1: huge thing that most people when they're trying to get

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Speaker 1: their money together, they don't have one. And Matt and

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Speaker 1: I we call it the why behind our money, and

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Speaker 1: and that's one of those things that you have to

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Speaker 1: develop that that's almost one of those first steps in

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Speaker 1: order to then starting to get your money right. I

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Speaker 1: think that's great advice. Anthony. Hey, we've got more questions

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Speaker 1: for you. We want to talk about paying for college.

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Speaker 1: You've learned a lot and you have a lot of

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Speaker 1: wisdom to give when it comes to to paying for

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Speaker 1: college and cash. Let's get to some of those questions

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Speaker 1: right after this break. All right, Joel, we're back from

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Speaker 1: the break and we are talking with Anthony O'Neill. We

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Speaker 1: just heard about his story, and so Anthony, let's let's

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Speaker 1: talk some about paying for college. You know, have you,

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Speaker 1: first of all, have you changed your mind about the

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Speaker 1: value of of getting a college education since COVID started specifically, well, no,

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Speaker 1: you know, since COVID started to having I believe that

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Speaker 1: education is one of the most valuable things that we

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Speaker 1: can have. I think every single day we should be

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Speaker 1: learning now how we get the education. I think that's

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Speaker 1: where not I think I know that's where me and

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Speaker 1: other experts have different opinions. I don't believe everyone needs

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Speaker 1: to go to a four year university. Um, there's nothing

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Speaker 1: where we're going to a community college, to a trade school,

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Speaker 1: going into the military and getting education that way, or

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Speaker 1: you know what, going into the workforce and using YouTube

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Speaker 1: to get the education. UM, my key thing and my stances,

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Speaker 1: you need to decide, um, what is the best route

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Speaker 1: for you identify that route and you go that route.

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Speaker 1: If that's going to a four year university, you go.

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Speaker 1: If that's going to a community college, you go. If

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Speaker 1: that's going to a trade school, you go. My only

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Speaker 1: heart stances, do not borrow a dime uh to go

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Speaker 1: to any any any school that you decide. Yeah, yeah,

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Speaker 1: you're you're very, very firm on that. So we want

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Speaker 1: to dig more into that. You actually wrote a book

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Speaker 1: called Debt Free Degree, and you give kind of step

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Speaker 1: by step process to help people graduate without taking on

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Speaker 1: student loans. And there's obviously this like political debate in

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Speaker 1: the country right now about the student loan debt crisis.

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Speaker 1: Should we be forgiving all college debt um We don't

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Speaker 1: necessarily want to get into that conversation, but your take

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Speaker 1: is essentially that high school grads should be avoiding all

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Speaker 1: of that debt in the first place. So, like, what

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Speaker 1: are your best tips for how people can pay for

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Speaker 1: their college education with cash? The number one thing is

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Speaker 1: we talked about this little bit earlier on the show

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Speaker 1: and having a vision when it come see money, have

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Speaker 1: a vision for your life. You know, that's the very

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Speaker 1: first thing that I'm telling everyone. If you want to

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Speaker 1: go to school debt free, the very first thing is,

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Speaker 1: don't just jump out there and just do anything. No,

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Speaker 1: identify if you want to be a school teacher. Okay,

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Speaker 1: you need to have that vision. You needn't need to

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Speaker 1: look up that process. Or let's say, for an example,

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Speaker 1: you want to be a carpenter. Now do you have

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Speaker 1: to go to a four year university to be a carpenter?

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Speaker 1: Or what if we want to be a welder, do

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Speaker 1: you have to go to a four university? And that

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Speaker 1: absolutely not. So number one is get a clear vision.

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Speaker 1: The number two is your school choice. Now, your clear

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Speaker 1: vision is very important, but the most crucial thing when

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Speaker 1: it comes to going to school, one debt free is

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Speaker 1: your school choice. So let's break this down. Let's say,

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Speaker 1: for an example, you go to an in state school. UM.

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Speaker 1: Let's say right here in Tennessee, our average in state

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Speaker 1: school is gonna run you about ten thousand dollars a

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Speaker 1: year if you stayed at home and you just did

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Speaker 1: a tuition, So ten thousand dollars of years eight hundred

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Speaker 1: and thirty three dollars a month. You can work part time, UM,

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Speaker 1: working ten to twenty hours a week, and go ahead

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Speaker 1: and forward that a thirty three UM. So you do

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Speaker 1: the research. Now, if you go out of state and

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Speaker 1: you live in Tennessee, you're gonna be paying anywhere from

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Speaker 1: thirty to fifty thousand dollars for another in state school

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Speaker 1: because you're out of state. And so the school choice

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Speaker 1: is the most crucial one. I don't have a problem

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Speaker 1: with you going to Harvard. I don't have a problem

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Speaker 1: you're going to Yale. I don't have a problem you're

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Speaker 1: going in state. I don't have a problem you're going

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Speaker 1: to community college. I just have a problem of you

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Speaker 1: picking a school that's you're going to have to pay

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Speaker 1: debt for everyone says Hey, y'all want when my dream's

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Speaker 1: goal is yet my dream school is Yale? Well, okay, cool.

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Speaker 1: Is you all gonna give you a scholarship? No? Okay?

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Speaker 1: Can you afford to pay for that cash? No? So

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Speaker 1: then your dream school shouldn't be yl Your dream school

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Speaker 1: should be a school that you can go to debt

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Speaker 1: free and graduate debt free. So number one, get on

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Speaker 1: the clear vision number two your school choice number three.

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Speaker 1: Do research. Okay, let's say, for an example, you want

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Speaker 1: to go into one particular field. I want you to

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Speaker 1: do some research in state and out of state. And

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Speaker 1: here's what I say. Out of thing. For an example,

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Speaker 1: if you go to the state of North Carolina, if

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Speaker 1: you go to un SEE Pembroke un CE Pembroke has

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Speaker 1: a program to where if you're accepted into their school,

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Speaker 1: your tuition per year is only a thousand dollars, So

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Speaker 1: you can get a bachelor's degree tuition wise for four

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Speaker 1: thousand dollars if you're accepted into the program. If you're

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Speaker 1: out of state, for an example, you're only paying two

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Speaker 1: thousand dollars a year, and so now now you're looking

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Speaker 1: at eight thousand dollars for actual degree. And that is

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Speaker 1: even cheaper than some in states. So I'm always telling

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Speaker 1: some people do the research, see what opportunities are out there.

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Speaker 1: And that's one thing that I'm always telling people to do.

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Speaker 1: Don't look for a hook up. Look for a way

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Speaker 1: to not miss out on an opportunity. And the only

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Speaker 1: way to do that is to do the proper research.

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Speaker 1: And then the last thing that really really stresses people

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Speaker 1: in the work be willing to put in the hours

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Speaker 1: as a college individual, if you can put in ten

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Speaker 1: to twenty hours a week, you can afford a school

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Speaker 1: in between eight dollars a month. And then when you're working,

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Speaker 1: not only just work as far as an hourly pay,

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Speaker 1: but you know what, work on campus, be willing to

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Speaker 1: go on there and and and maybe serve on their

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Speaker 1: social media team. I've interviewed several young people where you

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Speaker 1: know what I'll do to social media for the college

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Speaker 1: and it's okay, cool, We'll give you off of your

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Speaker 1: tuition plus free dorms or you know what, hey, we'll

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Speaker 1: just knock off. So work from a hourly pay and

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Speaker 1: then work with your school to see how you can

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Speaker 1: get discounts from there. Nice. Yeah, So you I mean,

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Speaker 1: especially you're talking about just some of the different ways

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Speaker 1: you can pay cash for school. You're talking about working, Uh,

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Speaker 1: you're kind of talking about finding some of these specific

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Speaker 1: deals that some of these colleges are offering. Like, how

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Speaker 1: else would you recommend for folks to find additional money

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Speaker 1: that's out there? You know, like, what are your tips

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Speaker 1: for for finding money? Well? Here for finding money, I

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Speaker 1: want them to go to. There's two webs or what

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Speaker 1: there's three three resources. The very first website I want

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Speaker 1: them to do is go to my website Anthony O'Neil

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Speaker 1: dot com. I have a lot of scholarships in there,

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Speaker 1: and that's and that specifically for high school students. In

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Speaker 1: some college students, UM, you'll be able to find some

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Speaker 1: scholarships there. Another great resource UM that offer for everyone

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Speaker 1: for high school students, and they specialize UM in the

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Speaker 1: category of current college students who adults is my scholar.

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Speaker 1: Go to my scholar dot com. You can find some

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Speaker 1: great scholarship resources there. And then there's a book that

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Speaker 1: I just recommend everyone get every single year of a

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Speaker 1: because they update the Scholarship Book every school year, so

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Speaker 1: not calendar year, but school year, and it's called the

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Speaker 1: Ultimate Scholarship Book. And this one will be one. So

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Speaker 1: every Augusts they update the book to the current school year.

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Speaker 1: And so the key thing I love about my website

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Speaker 1: Anthonyell dot com it's not only will you get to

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00:20:22,359 --> 00:20:24,919
Speaker 1: be able to find scholarships, but you're gonna have a

429
00:20:24,920 --> 00:20:27,800
Speaker 1: college calculator on there. We're gonna tell you what you

430
00:20:27,840 --> 00:20:30,679
Speaker 1: can afford. Here's the amount you should do. Here are

431
00:20:30,680 --> 00:20:35,159
Speaker 1: the schools that's in that bracket that's in uh your budget, um,

432
00:20:35,200 --> 00:20:37,280
Speaker 1: and here the schools you stay away from. But we're

433
00:20:37,280 --> 00:20:39,960
Speaker 1: gonna give you some great suggestions and really help you

434
00:20:40,280 --> 00:20:43,920
Speaker 1: walk through the whole math process on my website. Well,

435
00:20:44,080 --> 00:20:46,280
Speaker 1: so another quick thought like who do you think should

436
00:20:46,320 --> 00:20:49,080
Speaker 1: be getting these scholarships? Because I think a lot of

437
00:20:49,080 --> 00:20:52,240
Speaker 1: times individuals might have it in their mind where they think, well,

438
00:20:52,320 --> 00:20:53,960
Speaker 1: I've got some money, you know, like I've got a

439
00:20:54,000 --> 00:20:56,199
Speaker 1: five twenty nine that my parents saved up, or like

440
00:20:56,240 --> 00:20:58,120
Speaker 1: this is a college I can afford, and so they

441
00:20:58,200 --> 00:21:01,920
Speaker 1: think that they shouldn't be applying necessarily for scholarships, even

442
00:21:01,960 --> 00:21:04,639
Speaker 1: though may be available to them. Like, what are your

443
00:21:04,680 --> 00:21:06,680
Speaker 1: thoughts on that. I think anybody and everybody should be

444
00:21:06,680 --> 00:21:08,760
Speaker 1: applying for scholarships. I don't care if you're a millionaire,

445
00:21:08,760 --> 00:21:10,919
Speaker 1: if I don't care what kind of income you have

446
00:21:11,040 --> 00:21:13,400
Speaker 1: coming in. UM, any high school student, if you put

447
00:21:13,440 --> 00:21:15,919
Speaker 1: in work and if you work hard, apply for it.

448
00:21:16,080 --> 00:21:19,119
Speaker 1: You know. UM, the money is out there. Billions of

449
00:21:19,119 --> 00:21:21,800
Speaker 1: dollars go to waste every single year. And I'm gonna

450
00:21:21,800 --> 00:21:23,960
Speaker 1: tell you the secret to these billions of dollars that

451
00:21:24,000 --> 00:21:26,520
Speaker 1: go to waste. It's the small ones. It's the five

452
00:21:26,600 --> 00:21:29,800
Speaker 1: hundred dollars, thousand dollars, two hundred and fifty dollars scholarships

453
00:21:29,840 --> 00:21:32,680
Speaker 1: that people are just going going to waste. UM. And

454
00:21:32,760 --> 00:21:35,120
Speaker 1: another one that I just did this most deep dive

455
00:21:35,200 --> 00:21:39,040
Speaker 1: research on, is your minority scholarships are going to waste. Now,

456
00:21:39,080 --> 00:21:41,560
Speaker 1: when I say minority scholarships, manag Joe checked this out.

457
00:21:41,560 --> 00:21:44,000
Speaker 1: I'm not talking about black people. If you are a

458
00:21:44,000 --> 00:21:45,800
Speaker 1: white person, then you want to go and get a

459
00:21:45,920 --> 00:21:49,000
Speaker 1: bachelor's degree, you can get a minority scholarship by going

460
00:21:49,040 --> 00:21:50,960
Speaker 1: to an h b c U. So if you go

461
00:21:51,080 --> 00:21:53,879
Speaker 1: to a historically black college and university and you're white,

462
00:21:54,000 --> 00:21:57,879
Speaker 1: you are the minority. You qualify for a minority scholarship.

463
00:21:58,160 --> 00:22:00,800
Speaker 1: So a lot of these scholarships are going away because

464
00:22:00,880 --> 00:22:04,720
Speaker 1: every HBCU has a certain amount of scholarships allotted to

465
00:22:04,800 --> 00:22:07,640
Speaker 1: allow white people to come. But white people do not come,

466
00:22:07,720 --> 00:22:10,320
Speaker 1: which I can understand why they do not because they

467
00:22:10,320 --> 00:22:13,040
Speaker 1: feel a little fearful, maybe because it's an h b

468
00:22:13,160 --> 00:22:15,960
Speaker 1: c U. But there's a lot of opportunities out there.

469
00:22:16,000 --> 00:22:17,760
Speaker 1: But again it goes back to what I said earlier.

470
00:22:18,119 --> 00:22:21,000
Speaker 1: Do the research, looked up all the programs, look at

471
00:22:21,000 --> 00:22:24,000
Speaker 1: all the opportunities. See how you can squeeze into it,

472
00:22:24,080 --> 00:22:26,359
Speaker 1: See what you can squeeze out of it. Um, And

473
00:22:26,400 --> 00:22:28,600
Speaker 1: that's the key thing there. Nice, I think Joe's gonna

474
00:22:28,680 --> 00:22:35,800
Speaker 1: enroll that Spellman to kind of get that PhD. I mean, man,

475
00:22:35,840 --> 00:22:37,359
Speaker 1: I hear you on that moment. I mean, but you know,

476
00:22:37,400 --> 00:22:39,560
Speaker 1: there's a lot of great HBCUs out there. You got

477
00:22:39,560 --> 00:22:42,000
Speaker 1: more house, I mean, there's a lot of great stuff.

478
00:22:42,040 --> 00:22:44,760
Speaker 1: And so and and one of my good friends here,

479
00:22:44,960 --> 00:22:48,160
Speaker 1: um he is he serves on the board at Fisk

480
00:22:48,240 --> 00:22:50,719
Speaker 1: University and they just had a white person come in

481
00:22:50,760 --> 00:22:52,879
Speaker 1: and he's like, hey man, this white guy came in

482
00:22:52,920 --> 00:22:56,760
Speaker 1: there and he's killing the game. A full ride. We

483
00:22:56,880 --> 00:23:00,399
Speaker 1: paid for everything. He's getting the education and the people

484
00:23:00,400 --> 00:23:03,520
Speaker 1: are loving it. And so I just think, again, be

485
00:23:03,680 --> 00:23:07,080
Speaker 1: willing to be uncomfortable, and I say uncomfortable as far

486
00:23:07,119 --> 00:23:09,880
Speaker 1: as in put into ours a day looking up scholarships,

487
00:23:10,400 --> 00:23:12,760
Speaker 1: be willing to go places that other people are not

488
00:23:12,840 --> 00:23:16,520
Speaker 1: willing to go to look for opportunities and resources because

489
00:23:16,840 --> 00:23:19,679
Speaker 1: it's the it's the uncomfortable part of you that's going

490
00:23:19,720 --> 00:23:24,040
Speaker 1: to create some amazing opportunities. If you're comfortable, you may

491
00:23:24,080 --> 00:23:25,679
Speaker 1: miss out of some great things. Do you have any

492
00:23:25,720 --> 00:23:28,560
Speaker 1: thoughts on what that conversation looks like with high school

493
00:23:28,680 --> 00:23:31,919
Speaker 1: sophomore or junior or senior who's kind of starting to

494
00:23:31,920 --> 00:23:33,719
Speaker 1: to talk their to their parents about where they want

495
00:23:33,720 --> 00:23:37,720
Speaker 1: to go to school and it's out of the price range. Um.

496
00:23:37,880 --> 00:23:40,000
Speaker 1: But that can be emotional, especially for for a kid

497
00:23:40,040 --> 00:23:42,760
Speaker 1: and their teens. So how should a parent approach that

498
00:23:42,800 --> 00:23:46,680
Speaker 1: conversation as they're trying to obviously, um, hear their kid

499
00:23:46,760 --> 00:23:48,560
Speaker 1: and hear what their kid wants, but at the same

500
00:23:48,560 --> 00:23:50,239
Speaker 1: time kind of given the nuts and bolts of like, well,

501
00:23:50,240 --> 00:23:51,879
Speaker 1: this is where we're at, this is like the scholarships

502
00:23:51,880 --> 00:23:53,600
Speaker 1: that are being offered, um, and this is kind of

503
00:23:53,640 --> 00:23:56,360
Speaker 1: the financial picture, and we don't want you to take

504
00:23:56,440 --> 00:23:58,480
Speaker 1: on a bunch of student loan debt that's going to

505
00:23:58,520 --> 00:24:00,639
Speaker 1: weigh you down for years to come. Yeah. You know,

506
00:24:00,720 --> 00:24:03,200
Speaker 1: with me not being a parent, I can only imagine

507
00:24:03,200 --> 00:24:06,320
Speaker 1: that conversation my son coming to me and saying, hey, Dad,

508
00:24:06,320 --> 00:24:08,240
Speaker 1: I want to go here, but I don't have the

509
00:24:08,280 --> 00:24:11,320
Speaker 1: financial resources to send him there. Um, so I can

510
00:24:11,400 --> 00:24:14,840
Speaker 1: understand the emotional attachment to that. Here's the thing that

511
00:24:14,920 --> 00:24:18,680
Speaker 1: I tell a parents, So take the emotions away and

512
00:24:18,680 --> 00:24:21,080
Speaker 1: and really give them the facts and the practical. Here

513
00:24:21,080 --> 00:24:23,640
Speaker 1: are the facts, son, that there's one point seven trillion

514
00:24:23,680 --> 00:24:26,280
Speaker 1: dollars in student loan debt, That they are nearly forty

515
00:24:26,320 --> 00:24:29,760
Speaker 1: four million individuals who are living paycheck to paycheck because

516
00:24:30,040 --> 00:24:32,240
Speaker 1: they're in student loan debt. The average person is going

517
00:24:32,280 --> 00:24:35,040
Speaker 1: to graduate by thirty five tho dollars, and a fifth

518
00:24:35,080 --> 00:24:37,480
Speaker 1: of these young people going to graduate with over a

519
00:24:37,560 --> 00:24:39,560
Speaker 1: hundred thousand dollars and more in student loan debt. So

520
00:24:39,600 --> 00:24:42,560
Speaker 1: that's someone who has a mortgage payment but doesn't own

521
00:24:42,600 --> 00:24:46,320
Speaker 1: real estate. I do not want to co sign on

522
00:24:46,480 --> 00:24:49,960
Speaker 1: you taking out student loans to get an education. That's

523
00:24:49,960 --> 00:24:53,000
Speaker 1: supposed to help your future and help you get towards

524
00:24:53,000 --> 00:24:54,880
Speaker 1: your dreams. But the truth of the fact is you're

525
00:24:54,920 --> 00:24:58,560
Speaker 1: not going towards your dreams. You're walking into a nightmare. So, son,

526
00:24:58,800 --> 00:25:02,040
Speaker 1: here's what you and um, your mom or or or

527
00:25:02,680 --> 00:25:05,000
Speaker 1: your parents, here's what we can do as parents. UM,

528
00:25:05,080 --> 00:25:07,439
Speaker 1: here's what you need to do as because this is

529
00:25:07,560 --> 00:25:10,320
Speaker 1: your life and if this is the budget, this is

530
00:25:10,359 --> 00:25:12,840
Speaker 1: where we're going to stay true to. Now here's the

531
00:25:12,920 --> 00:25:15,240
Speaker 1: last thing I'm saying. I'm looking at my son, I'm

532
00:25:15,280 --> 00:25:17,320
Speaker 1: looking at my daughter in their eyes, and I'm saying,

533
00:25:17,359 --> 00:25:21,160
Speaker 1: no college makes you you. You are no less than

534
00:25:21,200 --> 00:25:23,359
Speaker 1: someone who went to Harvard. And someone who went to

535
00:25:23,440 --> 00:25:26,440
Speaker 1: Harvard is no, they're not better than you. I know

536
00:25:26,640 --> 00:25:29,520
Speaker 1: several people who went to a prestigious school, but they're

537
00:25:29,520 --> 00:25:32,840
Speaker 1: not prestigious individuals. And so if you go in there

538
00:25:32,880 --> 00:25:34,919
Speaker 1: and you live with intentionality, you be a young man

539
00:25:35,040 --> 00:25:38,240
Speaker 1: or a young woman of character and you make use

540
00:25:38,359 --> 00:25:41,320
Speaker 1: of all the opportunities, and at any school that you

541
00:25:41,400 --> 00:25:44,040
Speaker 1: go to, you can come out and be just as

542
00:25:44,320 --> 00:25:47,240
Speaker 1: or even more successful than someone who went to this

543
00:25:47,320 --> 00:25:50,160
Speaker 1: prestigious school. And so I think as parents, we gotta

544
00:25:50,240 --> 00:25:53,600
Speaker 1: just really be bold, be firm, and be loving and

545
00:25:53,600 --> 00:25:56,479
Speaker 1: say you know what, hey, here's where we are. We

546
00:25:56,560 --> 00:25:59,400
Speaker 1: can't do this, but it doesn't change your future. And

547
00:25:59,440 --> 00:26:01,239
Speaker 1: we're not going to set you up to fail. We're

548
00:26:01,280 --> 00:26:04,400
Speaker 1: gonna set you up to win. But also make sure

549
00:26:04,400 --> 00:26:07,480
Speaker 1: that that young person feels the weight like, Okay, this

550
00:26:07,520 --> 00:26:09,560
Speaker 1: is on me too. It's not just on my parents,

551
00:26:09,960 --> 00:26:12,480
Speaker 1: but this is on me. If you have that conversation

552
00:26:13,119 --> 00:26:15,920
Speaker 1: um in a very heartfelt way, that young person will

553
00:26:15,960 --> 00:26:18,400
Speaker 1: be Okay. That's so good. You know that the pedigree

554
00:26:18,520 --> 00:26:21,360
Speaker 1: doesn't make the person. And these are some some wise

555
00:26:21,359 --> 00:26:23,840
Speaker 1: words in regards to school. We're talking about college here,

556
00:26:24,080 --> 00:26:25,840
Speaker 1: but we're gonna take a quick break and after the break,

557
00:26:25,880 --> 00:26:28,160
Speaker 1: we're gonna talk about personal finance and and just some

558
00:26:28,280 --> 00:26:31,520
Speaker 1: principles that can apply to everybody. And so we'll get

559
00:26:31,520 --> 00:26:42,679
Speaker 1: to that right after the break. Alright, we're back from

560
00:26:42,680 --> 00:26:45,760
Speaker 1: the break. We're talking with Anthony O'Neill and Anthony man.

561
00:26:45,800 --> 00:26:48,199
Speaker 1: I saw a recent video that you posted on YouTube

562
00:26:48,240 --> 00:26:52,720
Speaker 1: about dating on a budget, and we talked earlier in

563
00:26:52,760 --> 00:26:55,359
Speaker 1: the episode kind of about maybe some some issues with

564
00:26:55,400 --> 00:26:57,680
Speaker 1: the ladies and how that that messed up your your

565
00:26:58,119 --> 00:27:00,880
Speaker 1: your your budget right and then and then it caused

566
00:27:00,920 --> 00:27:03,680
Speaker 1: you to go into credit credit card debt. So yeah,

567
00:27:03,720 --> 00:27:05,560
Speaker 1: like what are your tips? So what do you think

568
00:27:05,560 --> 00:27:07,480
Speaker 1: about when it comes to dating you're you're still out

569
00:27:07,480 --> 00:27:09,560
Speaker 1: there in the dating world. For our listeners out there

570
00:27:09,600 --> 00:27:11,720
Speaker 1: who you know aren't married and they're you know, they're

571
00:27:11,760 --> 00:27:15,000
Speaker 1: looking to uh there in the dating scene. That costs money, Like,

572
00:27:15,040 --> 00:27:17,120
Speaker 1: how do you start to a budget for dating? Yeah?

573
00:27:17,200 --> 00:27:19,439
Speaker 1: Dating is expensive, man, and let's just be real. And

574
00:27:19,480 --> 00:27:21,200
Speaker 1: I think I could have done a better job at

575
00:27:21,200 --> 00:27:23,960
Speaker 1: probably articulating my thoughts in that video a little bit.

576
00:27:24,320 --> 00:27:28,320
Speaker 1: But I firmly believe that on your line item um,

577
00:27:28,359 --> 00:27:31,200
Speaker 1: on your budgeting, there should be a line item of

578
00:27:31,200 --> 00:27:33,320
Speaker 1: of dating. And as far as and if you meet

579
00:27:33,320 --> 00:27:35,480
Speaker 1: a young lady or if you meet a young guy

580
00:27:35,640 --> 00:27:37,480
Speaker 1: and you all want to go out, you should have

581
00:27:37,600 --> 00:27:40,920
Speaker 1: a here's the most unwilling to spend throughout this month.

582
00:27:40,920 --> 00:27:43,000
Speaker 1: Whether this is going to a movie's, whether this is

583
00:27:43,040 --> 00:27:44,600
Speaker 1: going out to eat, whether it's just going to get

584
00:27:44,640 --> 00:27:47,040
Speaker 1: maybe a drink, it doesn't really matter. There should be

585
00:27:47,080 --> 00:27:49,359
Speaker 1: a line item on the and you should not go

586
00:27:49,480 --> 00:27:54,040
Speaker 1: above them. And I think any wise person uh that

587
00:27:54,240 --> 00:27:56,200
Speaker 1: here's you say, Hey, I'm gonna budget and I'm stinking

588
00:27:56,240 --> 00:27:58,000
Speaker 1: to the budget, they should know that you are a

589
00:27:58,040 --> 00:28:00,439
Speaker 1: good steward of your money and that should be a

590
00:28:00,520 --> 00:28:03,359
Speaker 1: more attractive than someone says, yeah, we could do whatever

591
00:28:03,440 --> 00:28:07,159
Speaker 1: you're wanna go over here. Yeah. Um. And so a

592
00:28:07,200 --> 00:28:09,320
Speaker 1: lot of ladies who I have dated over the last

593
00:28:09,320 --> 00:28:11,680
Speaker 1: four years and five years and me being single that

594
00:28:11,880 --> 00:28:14,720
Speaker 1: it has has turned some of them away. And I

595
00:28:14,760 --> 00:28:16,560
Speaker 1: was talking to my pastor the other day and he

596
00:28:16,640 --> 00:28:18,440
Speaker 1: was like, man, I think that that's a good thing,

597
00:28:18,600 --> 00:28:22,880
Speaker 1: that your principles make you unattractive to someone else who

598
00:28:22,920 --> 00:28:25,320
Speaker 1: do not have the same principles as you. So when

599
00:28:25,320 --> 00:28:27,480
Speaker 1: you do meet someone and she says, oh, I like that,

600
00:28:27,480 --> 00:28:31,200
Speaker 1: that means you all share the same values, the same principles,

601
00:28:31,600 --> 00:28:34,600
Speaker 1: and that would actually go further. And so, um, you know,

602
00:28:34,640 --> 00:28:36,720
Speaker 1: I just recently met a young lady who I am

603
00:28:36,760 --> 00:28:39,640
Speaker 1: interested in. And when our very first things she said

604
00:28:39,720 --> 00:28:41,840
Speaker 1: is I'm debt free and I don't do credit cards.

605
00:28:41,920 --> 00:28:45,520
Speaker 1: And I was like, well look at you and so

606
00:28:45,640 --> 00:28:47,600
Speaker 1: and she was like, and I saw your viral video,

607
00:28:47,880 --> 00:28:49,800
Speaker 1: and you know, dating on the budget is cool with

608
00:28:49,840 --> 00:28:53,200
Speaker 1: me because you know, hey, that's what I want. So um,

609
00:28:53,240 --> 00:28:55,520
Speaker 1: I think when you have a clear vision and dating

610
00:28:55,640 --> 00:28:57,400
Speaker 1: this is this is where I want to go. I

611
00:28:57,520 --> 00:28:59,480
Speaker 1: date with the purpose of marriage. I'm not going to

612
00:28:59,560 --> 00:29:02,000
Speaker 1: spend this kind of money. I'm not here to impress

613
00:29:02,080 --> 00:29:04,640
Speaker 1: her or him financially, I don't have to have the

614
00:29:04,640 --> 00:29:06,840
Speaker 1: Gucci bag. I don't have to have you know that,

615
00:29:06,960 --> 00:29:10,880
Speaker 1: the really expensive stuff. And there's nothing against this expensive stuff.

616
00:29:11,440 --> 00:29:13,600
Speaker 1: But at my season, man, and this is what I

617
00:29:13,640 --> 00:29:15,720
Speaker 1: tell every young person. I'm actually about to do a

618
00:29:15,800 --> 00:29:19,200
Speaker 1: show about this on my on my show. Um On,

619
00:29:19,400 --> 00:29:21,560
Speaker 1: here are the top ten things you need to be

620
00:29:21,600 --> 00:29:24,120
Speaker 1: doing in your single life. We have such a great

621
00:29:24,120 --> 00:29:27,000
Speaker 1: opportunity to get ahead of the game in our single life,

622
00:29:27,280 --> 00:29:29,560
Speaker 1: and I think that we should be living way below

623
00:29:29,560 --> 00:29:32,000
Speaker 1: our means um in our single life so that way

624
00:29:32,040 --> 00:29:35,040
Speaker 1: we can do so much with our spouses, I mean

625
00:29:35,160 --> 00:29:37,200
Speaker 1: so much with our kids. But the last thing you

626
00:29:37,200 --> 00:29:39,960
Speaker 1: want to do, I'm gonna speak from my perspective, manago.

627
00:29:40,240 --> 00:29:41,640
Speaker 1: The last thing I want to do is look at

628
00:29:41,640 --> 00:29:44,240
Speaker 1: my wife and say no to her, because it say

629
00:29:44,360 --> 00:29:47,720
Speaker 1: yes to all my girlfriends. So I'm willing to say

630
00:29:47,760 --> 00:29:49,720
Speaker 1: no to all of my girlfriends so I can say

631
00:29:49,840 --> 00:29:52,480
Speaker 1: yes to my wife, so I can say yes to

632
00:29:52,600 --> 00:29:55,520
Speaker 1: my kids. And so I think that as long as

633
00:29:55,560 --> 00:29:58,240
Speaker 1: you have a clear vision, stick to a budget, live

634
00:29:58,320 --> 00:30:01,400
Speaker 1: below your means, pay off all of your debt, may

635
00:30:01,440 --> 00:30:04,400
Speaker 1: sure you have a fully funded emergency fund. Those are

636
00:30:04,400 --> 00:30:06,920
Speaker 1: the things that I think every single person needs to

637
00:30:06,960 --> 00:30:09,280
Speaker 1: be doing with their money at this time. And today

638
00:30:09,280 --> 00:30:10,920
Speaker 1: I want to talk about the wealth gap here for

639
00:30:10,920 --> 00:30:14,000
Speaker 1: a minute. The Peer Research Center, they showed that the

640
00:30:14,080 --> 00:30:18,200
Speaker 1: difference in median household income between white and black Americans

641
00:30:18,320 --> 00:30:20,440
Speaker 1: that it has grown to about thirty three thousand dollars.

642
00:30:20,800 --> 00:30:24,680
Speaker 1: This is measured back. And so what do you feel

643
00:30:24,680 --> 00:30:26,720
Speaker 1: can be done to fix that? You know, here's the

644
00:30:26,800 --> 00:30:29,640
Speaker 1: very first thing I'm always telling uh to close that

645
00:30:29,680 --> 00:30:32,280
Speaker 1: wealth gap between whites and blasts. And this is be real,

646
00:30:32,400 --> 00:30:34,640
Speaker 1: not just whites and blasts, but whites and all the

647
00:30:34,680 --> 00:30:37,440
Speaker 1: other minority races. UM. Is to focus on the things

648
00:30:37,440 --> 00:30:41,000
Speaker 1: that you can control, you know, um, not what we

649
00:30:41,040 --> 00:30:44,000
Speaker 1: can't control. Systemate racism is real, um. But let me

650
00:30:44,000 --> 00:30:46,680
Speaker 1: tell you what else is real. Success When you put

651
00:30:46,840 --> 00:30:51,920
Speaker 1: in work, success leads to success. Okay, And so, UM,

652
00:30:51,960 --> 00:30:54,200
Speaker 1: I look at myself. I don't come from a wealthy background.

653
00:30:54,280 --> 00:30:57,120
Speaker 1: I don't. I come from a family of four parents

654
00:30:57,120 --> 00:31:00,720
Speaker 1: to biological parents and two step parents, UM, to two siblings,

655
00:31:01,200 --> 00:31:04,200
Speaker 1: living paycheck to paycheck, having to eat um, you know,

656
00:31:04,600 --> 00:31:07,560
Speaker 1: waffles for breakfast, lunch, and dinner. Having to eat eggs

657
00:31:07,600 --> 00:31:10,280
Speaker 1: sometimes for and eat rice and beans. You know, we

658
00:31:10,280 --> 00:31:12,720
Speaker 1: were there. And so one of the key things that

659
00:31:12,800 --> 00:31:14,800
Speaker 1: I've learned for myself is if I'm willing to put

660
00:31:14,840 --> 00:31:18,320
Speaker 1: into work, work hard and smart. Here the key thing

661
00:31:18,360 --> 00:31:21,000
Speaker 1: there not just work hard all the time, but be

662
00:31:21,120 --> 00:31:23,480
Speaker 1: willing to put into work and be successful and surround

663
00:31:23,520 --> 00:31:26,280
Speaker 1: myself with mentors that are teaching me how to get

664
00:31:26,280 --> 00:31:29,160
Speaker 1: out of this and close the gap for myself. That's cool.

665
00:31:29,440 --> 00:31:31,360
Speaker 1: I can't close the gap for all black people to

666
00:31:31,400 --> 00:31:33,600
Speaker 1: white people, but what I can do is close my gap.

667
00:31:34,080 --> 00:31:36,200
Speaker 1: I can build my wealth. And one of the key

668
00:31:36,240 --> 00:31:38,800
Speaker 1: things to closing that gap is I just live way

669
00:31:38,840 --> 00:31:41,480
Speaker 1: below my means. I don't spend more than I make

670
00:31:41,520 --> 00:31:44,640
Speaker 1: at all. You know, I live off of about fifty

671
00:31:44,680 --> 00:31:48,040
Speaker 1: two of my income. I give ten percent to my

672
00:31:48,120 --> 00:31:51,760
Speaker 1: local church, UM, I give ten percent to a nonprofit UM,

673
00:31:51,800 --> 00:31:55,280
Speaker 1: I invest fifteen percent, and so my mortgage payment is

674
00:31:55,360 --> 00:31:59,120
Speaker 1: right around eighteen percent of my My bring home pay,

675
00:31:59,280 --> 00:32:04,000
Speaker 1: like I live, is way below my means. So this

676
00:32:04,040 --> 00:32:08,000
Speaker 1: way I'm creating margin. I have room for emergencies, and

677
00:32:08,000 --> 00:32:10,360
Speaker 1: I have room for when I do get married. I

678
00:32:10,360 --> 00:32:12,600
Speaker 1: can go up on my living expenses a little bit

679
00:32:13,240 --> 00:32:16,120
Speaker 1: because I've been living way below my means. Yeah, it

680
00:32:16,440 --> 00:32:20,200
Speaker 1: leaves room for for emergencies and opportunities, right. Oh. Absolutely.

681
00:32:20,240 --> 00:32:22,800
Speaker 1: You know I'm very big on you know, multiple streams

682
00:32:22,800 --> 00:32:24,800
Speaker 1: of income and so you know, if I find a

683
00:32:24,800 --> 00:32:28,280
Speaker 1: good opportunity, I convest into like a small business. Um,

684
00:32:28,320 --> 00:32:30,720
Speaker 1: I do that. But I can do that though because

685
00:32:30,760 --> 00:32:32,920
Speaker 1: I do not have any debt. And so that's another

686
00:32:32,960 --> 00:32:35,320
Speaker 1: thing if we're going to close that wealth gap, is

687
00:32:35,360 --> 00:32:37,640
Speaker 1: you've got to take debt off of the table. I

688
00:32:37,680 --> 00:32:40,480
Speaker 1: heard you mentioned a mortgage, So is that something I know, Like,

689
00:32:40,560 --> 00:32:43,240
Speaker 1: I love how passionate you are about people not having

690
00:32:43,280 --> 00:32:45,360
Speaker 1: debt and and Matt and I, you know, for the

691
00:32:45,360 --> 00:32:47,760
Speaker 1: most part where we don't want people to have debt either,

692
00:32:47,880 --> 00:32:50,280
Speaker 1: like that that sucks and hold people back and it

693
00:32:50,320 --> 00:32:52,360
Speaker 1: does prevent people from being able to achieve some of

694
00:32:52,400 --> 00:32:54,600
Speaker 1: the things they want to achieve. But yeah, what is

695
00:32:54,600 --> 00:32:57,160
Speaker 1: your take on on the whole mortgage and especially with

696
00:32:57,160 --> 00:32:59,239
Speaker 1: with interest rates being so insanely low? Is that one

697
00:32:59,240 --> 00:33:00,880
Speaker 1: of those things that you would watched people against two

698
00:33:00,960 --> 00:33:02,400
Speaker 1: or is that something that you're you're cool with people

699
00:33:02,440 --> 00:33:05,280
Speaker 1: taking on? Get it, I mean, get it. The mortgage

700
00:33:05,320 --> 00:33:07,440
Speaker 1: is the only thing that I am okay with people

701
00:33:07,480 --> 00:33:10,160
Speaker 1: having UM as long as it is a fifteen year

702
00:33:10,280 --> 00:33:12,920
Speaker 1: fixed rate and you're putting down a minimum of ten

703
00:33:13,000 --> 00:33:17,800
Speaker 1: percent to UM. And if people listening right now and say,

704
00:33:17,800 --> 00:33:18,880
Speaker 1: you know, I got an f h A and I

705
00:33:18,920 --> 00:33:21,320
Speaker 1: put down three point five percent, okay, cool, great, I'm

706
00:33:21,360 --> 00:33:24,720
Speaker 1: cool with that. UM. But what my suggestion is, pay

707
00:33:24,720 --> 00:33:26,440
Speaker 1: off all your debt first, go ahead and get a

708
00:33:26,480 --> 00:33:30,360
Speaker 1: fully funded emergency fund, and then we look into saving

709
00:33:30,360 --> 00:33:33,120
Speaker 1: four at least a down payment to get a mortgage UM.

710
00:33:33,160 --> 00:33:35,880
Speaker 1: And I recommend a fifteen year fixed rate, no arms,

711
00:33:35,960 --> 00:33:41,080
Speaker 1: no justicable rate mortgages UM uh no, thirty five forty years.

712
00:33:41,520 --> 00:33:43,320
Speaker 1: I want you to get out of debt as soon

713
00:33:43,400 --> 00:33:46,880
Speaker 1: as possible. So my suggestion is always fifteen percent. I'm

714
00:33:46,920 --> 00:33:51,400
Speaker 1: a fifteen year with at least ten to twenty down. Yeah. Yeah,

715
00:33:51,440 --> 00:33:54,680
Speaker 1: we love down avoiding that p M. I yeah. At

716
00:33:54,720 --> 00:33:57,320
Speaker 1: the same time, yeah that p and my it gets people.

717
00:33:57,360 --> 00:34:00,600
Speaker 1: Man that extra you know three four says not going

718
00:34:00,600 --> 00:34:03,760
Speaker 1: towards your principal or interest. It's just wasted money. So

719
00:34:04,280 --> 00:34:06,440
Speaker 1: why do that? It's just it's the cost of basically

720
00:34:06,480 --> 00:34:10,320
Speaker 1: having a house before you can afford one. Yeah, exactly right, exactly.

721
00:34:10,480 --> 00:34:13,440
Speaker 1: I like that, withe brother. Okay, you may hear that

722
00:34:13,480 --> 00:34:17,400
Speaker 1: again on my show. And we have really enjoyed this conversation.

723
00:34:17,440 --> 00:34:19,200
Speaker 1: We know when we want to be respectful of your

724
00:34:19,200 --> 00:34:21,279
Speaker 1: time as well. But it sounds like folks can find

725
00:34:21,320 --> 00:34:23,799
Speaker 1: you at Anthony O'Neil dot com. Is that right, Yes, sir,

726
00:34:23,800 --> 00:34:26,040
Speaker 1: Anthony Neil dot com. They can find you on YouTube

727
00:34:26,120 --> 00:34:31,680
Speaker 1: and Instagram. I g at Anthony O'Neill on both of those. Awesome. Well, Anthony, dude,

728
00:34:31,719 --> 00:34:33,399
Speaker 1: it was a great conversation. Thanks so much for joining

729
00:34:33,480 --> 00:34:36,080
Speaker 1: us on the show today. We really appreciate it. Hey, Matt, Joe,

730
00:34:36,200 --> 00:34:37,680
Speaker 1: thank you all so much for having me on. Man,

731
00:34:37,680 --> 00:34:39,480
Speaker 1: I gotta get you all on my show too. Hey,

732
00:34:39,480 --> 00:34:41,239
Speaker 1: we'll make it happen. We look forward to it. Yes, sir,

733
00:34:41,320 --> 00:34:43,840
Speaker 1: let's do it, man, Joe want a fantastic conversation we

734
00:34:43,960 --> 00:34:46,920
Speaker 1: just had with Anthony. It was just amazing to hear

735
00:34:46,920 --> 00:34:48,200
Speaker 1: a story but then just to hear some of this

736
00:34:48,280 --> 00:34:50,239
Speaker 1: practical advice as well when it when it comes to

737
00:34:50,239 --> 00:34:52,120
Speaker 1: our money and so man, for you, what was your

738
00:34:52,120 --> 00:34:55,600
Speaker 1: big takeaway? Yeah, I think I just appreciate Anthony's attitude

739
00:34:55,680 --> 00:34:57,520
Speaker 1: and just kind of his approach to all this too.

740
00:34:57,600 --> 00:35:00,480
Speaker 1: Right like, he's energetic, he's thoughtful about it, and then

741
00:35:00,520 --> 00:35:02,719
Speaker 1: all plays into the messaging and what people here, and

742
00:35:02,719 --> 00:35:04,759
Speaker 1: it's like, man, I can do this, like I can

743
00:35:05,160 --> 00:35:09,040
Speaker 1: change my circumstances. Anthony obviously changed his in a major way.

744
00:35:09,239 --> 00:35:12,279
Speaker 1: I think my big takeaway from this conversation was that

745
00:35:12,360 --> 00:35:15,160
Speaker 1: pros still fail at money. One of the things that

746
00:35:15,160 --> 00:35:17,239
Speaker 1: that Anthony said was that he failed recently on a

747
00:35:17,239 --> 00:35:19,440
Speaker 1: couple of things. And I appreciate the honesty, right like,

748
00:35:19,560 --> 00:35:20,959
Speaker 1: But at the same time he said, when I fail,

749
00:35:21,040 --> 00:35:23,120
Speaker 1: I learned, and Matt, you know you and I would

750
00:35:23,280 --> 00:35:25,239
Speaker 1: a lot of people would consider us money pros right

751
00:35:25,280 --> 00:35:27,000
Speaker 1: like that. We've we've got it all figured out and

752
00:35:27,040 --> 00:35:29,040
Speaker 1: we've got it all together, and you know we we

753
00:35:29,080 --> 00:35:30,799
Speaker 1: do care about money a lot, and we read a lot.

754
00:35:30,840 --> 00:35:32,920
Speaker 1: We try to be thoughtful when it comes to our money.

755
00:35:33,000 --> 00:35:34,799
Speaker 1: But that doesn't mean we don't screw up to like

756
00:35:34,840 --> 00:35:37,040
Speaker 1: that I don't make it a thoughtless purchase from time

757
00:35:37,120 --> 00:35:39,719
Speaker 1: to time, or that my money always reflects the why

758
00:35:39,760 --> 00:35:42,160
Speaker 1: behind my money like it doesn't. There's times where those

759
00:35:42,200 --> 00:35:45,319
Speaker 1: things don't align. Sometimes we fail, but that doesn't make

760
00:35:45,400 --> 00:35:48,839
Speaker 1: us failures right completely. Yeah, So I think identity isn't

761
00:35:48,840 --> 00:35:50,840
Speaker 1: tied to those mistakes that we make, right all we

762
00:35:50,840 --> 00:35:52,880
Speaker 1: gotta do though, we have to learn from those mistakes,

763
00:35:52,960 --> 00:35:54,560
Speaker 1: have to learn from those failures. I think if they're

764
00:35:55,000 --> 00:35:58,400
Speaker 1: things that we continue to repeat, it becomes something different altogether.

765
00:35:58,760 --> 00:36:00,440
Speaker 1: But if we can learn from the most stakes, and

766
00:36:00,440 --> 00:36:02,360
Speaker 1: if we can realize that we're making them, then we

767
00:36:02,360 --> 00:36:04,080
Speaker 1: can start to make changes moving forward. And so I

768
00:36:04,120 --> 00:36:06,640
Speaker 1: appreciated his honesty, and I think that was probably my

769
00:36:06,719 --> 00:36:09,920
Speaker 1: biggest takeaway from this combo. Well, I love what he

770
00:36:10,000 --> 00:36:13,640
Speaker 1: said about saying no to his girlfriends now so that

771
00:36:13,680 --> 00:36:16,200
Speaker 1: he can say yes to his wife oft in the future.

772
00:36:16,480 --> 00:36:17,920
Speaker 1: And when it comes to your money, man, that is

773
00:36:18,080 --> 00:36:20,399
Speaker 1: such a great way of looking at it. Right He's

774
00:36:20,440 --> 00:36:23,040
Speaker 1: not necessarily looking to impress right now, but he wants

775
00:36:23,080 --> 00:36:25,400
Speaker 1: to make sure that he is putting himself in a

776
00:36:25,520 --> 00:36:29,960
Speaker 1: great solid financial position down the road when life really matters.

777
00:36:30,040 --> 00:36:32,520
Speaker 1: A lot of our conversation revolved around him recounting a

778
00:36:32,520 --> 00:36:34,600
Speaker 1: lot of the past mistakes he's made, and a lot

779
00:36:34,640 --> 00:36:37,000
Speaker 1: of that involved trying to impress people that he doesn't

780
00:36:37,000 --> 00:36:40,319
Speaker 1: even remember. Uh, he doesn't even remember their names, you know,

781
00:36:40,640 --> 00:36:43,680
Speaker 1: and so unfortunately that can really come back and bite

782
00:36:43,719 --> 00:36:45,480
Speaker 1: us in the butt that can haunt us for years

783
00:36:45,520 --> 00:36:47,879
Speaker 1: to come. In his case, I think there was three

784
00:36:47,960 --> 00:36:52,200
Speaker 1: years of film working basically from like sun up beyond sundown,

785
00:36:52,440 --> 00:36:54,440
Speaker 1: and he was delivering papers until, like you know, like

786
00:36:54,520 --> 00:36:57,320
Speaker 1: five in the morning or something like that, like insane hours,

787
00:36:57,480 --> 00:36:59,040
Speaker 1: and that was the price that he had to pay

788
00:36:59,280 --> 00:37:01,000
Speaker 1: in order to make for some of those mistakes that

789
00:37:01,040 --> 00:37:03,279
Speaker 1: he made early on. He learned from his mistakes, just

790
00:37:03,320 --> 00:37:05,399
Speaker 1: like you said, Joel. But now he has learned from

791
00:37:05,400 --> 00:37:07,160
Speaker 1: that and he's saying no to the things now in

792
00:37:07,239 --> 00:37:09,120
Speaker 1: order for him to be able to say yes more

793
00:37:09,160 --> 00:37:12,279
Speaker 1: often in the future. I love that. So it puts

794
00:37:12,280 --> 00:37:14,480
Speaker 1: the power back in our hands. And it's like we're

795
00:37:14,480 --> 00:37:16,480
Speaker 1: not resigned to make some of the terrible decisions we

796
00:37:16,520 --> 00:37:18,759
Speaker 1: make with money. We we have that power in our

797
00:37:18,760 --> 00:37:20,959
Speaker 1: grasp right to say no to some of those things

798
00:37:21,120 --> 00:37:22,919
Speaker 1: that we want to say yes to today. It's hard,

799
00:37:23,000 --> 00:37:25,160
Speaker 1: it's not easy, but but it's one of those things

800
00:37:25,160 --> 00:37:26,480
Speaker 1: that if we don't want to pay the piper on

801
00:37:26,520 --> 00:37:28,400
Speaker 1: the back end, it's something that's that's important that we

802
00:37:28,440 --> 00:37:30,400
Speaker 1: have to do. We have to be thoughtful about that.

803
00:37:30,400 --> 00:37:33,040
Speaker 1: That's right. But we're also not all about deprivation We

804
00:37:33,080 --> 00:37:35,759
Speaker 1: try to approach money from a very balanced standpoint, which

805
00:37:35,800 --> 00:37:39,239
Speaker 1: is why every episode on the show we have a beer.

806
00:37:39,280 --> 00:37:40,680
Speaker 1: We have a craft beer because it's something that you

807
00:37:40,680 --> 00:37:43,080
Speaker 1: and I both love. This episode, you and I are

808
00:37:43,280 --> 00:37:47,400
Speaker 1: enjoying a Coastal Sunshine, which is a beer by Humble Forger.

809
00:37:47,680 --> 00:37:52,480
Speaker 1: Over the can here it says it's a fruited smoothie sour, tangerine, passion, fruit, mango,

810
00:37:52,920 --> 00:37:55,439
Speaker 1: and soursop. I don't even know what soursop is. Me neither,

811
00:37:56,719 --> 00:37:58,360
Speaker 1: but I gotta say, man, but how did it taste?

812
00:37:58,360 --> 00:38:01,719
Speaker 1: This beer was d delicious. It was like thick, and

813
00:38:01,760 --> 00:38:04,560
Speaker 1: it was juicy, and it definitely brought that smoothie vibe

814
00:38:04,560 --> 00:38:06,759
Speaker 1: to the table. It was it was thick right, uh,

815
00:38:06,800 --> 00:38:09,680
Speaker 1: and then so much fruit flavor bursting through. I don't

816
00:38:09,719 --> 00:38:12,160
Speaker 1: know what soursop is, but whatever it is, I dig

817
00:38:12,200 --> 00:38:15,160
Speaker 1: it because all four of those fruits combined really just

818
00:38:15,200 --> 00:38:18,520
Speaker 1: brought forth this incredible palette of fruit flavors. Um. This

819
00:38:18,600 --> 00:38:21,320
Speaker 1: is a beer I would be down to drink pretty

820
00:38:21,360 --> 00:38:23,120
Speaker 1: much any day of the week. Man. I really really

821
00:38:23,120 --> 00:38:25,120
Speaker 1: liked it. Yeah, me too, dude. The first thing I

822
00:38:25,160 --> 00:38:28,080
Speaker 1: noticed when we poured it was the color, because oftentimes

823
00:38:28,080 --> 00:38:29,800
Speaker 1: we talked about how some of the New England I

824
00:38:29,880 --> 00:38:31,520
Speaker 1: p a s that we have, how they're super hazy.

825
00:38:31,640 --> 00:38:34,080
Speaker 1: Oh it kind of pours like orange juice. No, no, no, no,

826
00:38:34,560 --> 00:38:37,399
Speaker 1: this beer pours like orange juice. You could not see

827
00:38:37,440 --> 00:38:40,520
Speaker 1: through it. Super orange, and certainly let's due to all

828
00:38:40,600 --> 00:38:42,960
Speaker 1: the fruit that they packed into this beer. It did

829
00:38:42,960 --> 00:38:44,400
Speaker 1: have a lot of body. You mentioned it was like

830
00:38:44,400 --> 00:38:47,879
Speaker 1: a smoothie. Reminded me of drinking and like a naked

831
00:38:47,960 --> 00:38:50,319
Speaker 1: juice or oddwala where I felt like I'm drinking a

832
00:38:50,320 --> 00:38:53,600
Speaker 1: health drink almost. But at the same time, what was

833
00:38:53,640 --> 00:38:56,000
Speaker 1: amazing about this beer is it had a lot of

834
00:38:56,040 --> 00:38:58,239
Speaker 1: carbonation and so it was really thick like that, but

835
00:38:58,320 --> 00:39:01,040
Speaker 1: it had like this effervescence that I would not have

836
00:39:01,120 --> 00:39:04,600
Speaker 1: expected out of a thicker, heavier bodied beer like this.

837
00:39:04,960 --> 00:39:07,920
Speaker 1: It made for one of the most unique drinking experiences

838
00:39:07,960 --> 00:39:09,839
Speaker 1: that you don't have shared on the show. I'm glad

839
00:39:09,840 --> 00:39:11,719
Speaker 1: the Humble Forger that they're making beers that we can

840
00:39:11,719 --> 00:39:14,920
Speaker 1: now get down here in Atlanta. Uh. They recently started

841
00:39:14,920 --> 00:39:17,480
Speaker 1: distributing to Georgia, so that's good news for us. Man. Yeah,

842
00:39:17,520 --> 00:39:19,560
Speaker 1: after having this one, this is my first one from them,

843
00:39:19,600 --> 00:39:21,960
Speaker 1: I'm definitely picking up some more like that was a

844
00:39:22,000 --> 00:39:24,840
Speaker 1: wonderful beers. So I look forward to having more humble

845
00:39:24,880 --> 00:39:27,680
Speaker 1: forager beers in the future. Are mat That's gonna do it?

846
00:39:27,680 --> 00:39:30,360
Speaker 1: For this episode. For anybody out there listening, if you

847
00:39:30,400 --> 00:39:32,680
Speaker 1: want show notes, including the links to some of the

848
00:39:33,040 --> 00:39:36,480
Speaker 1: websites and helpful resources that Anthony mentioned while we were

849
00:39:36,560 --> 00:39:38,759
Speaker 1: talking with him, just go to our website at how

850
00:39:38,800 --> 00:39:41,799
Speaker 1: to money dot com for those. Yeah, and if you

851
00:39:41,840 --> 00:39:43,839
Speaker 1: are listening to this episode and you have found our

852
00:39:43,880 --> 00:39:46,800
Speaker 1: show to be helpful but at the same time entertaining,

853
00:39:46,800 --> 00:39:48,239
Speaker 1: we would love to hear from you. We would love

854
00:39:48,280 --> 00:39:50,319
Speaker 1: it if you were to leave us a review over

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Speaker 1: at Apple Podcasts. Honestly, anywhere you leave a review is great,

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00:39:54,200 --> 00:39:56,279
Speaker 1: but for some reason, Apple podcast it seems to move

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Speaker 1: the needle a little bit more. That's why we always

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00:39:58,040 --> 00:40:01,040
Speaker 1: mentioned Apple. They're the king right now. Unfortunately they are.

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Speaker 1: They're kind of like sitting at the top and they're

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Speaker 1: not doing much to like innovate and like bring much

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Speaker 1: to the podcasting table. I don't know, but they started

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Speaker 1: at all. Yeah, so that's the main platform still. So yeah,

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00:40:10,320 --> 00:40:12,440
Speaker 1: it does help. Anywhere you leave a review or just

864
00:40:12,480 --> 00:40:15,240
Speaker 1: telling a friend, right, it helps helps us grow this podcast,

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Speaker 1: and helps us help other people think about their money

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Speaker 1: in a more effective way exactly, and that's what we're

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Speaker 1: going for, So all right, Matt, that's going to do

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Speaker 1: it for this episode until next time. Best Friends Out,

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Speaker 1: Best Friends Out,