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Speaker 1: Making money costs money.

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Speaker 2: You ain't never lie.

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Speaker 3: And I think people see where we are today, but

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Speaker 3: nobody has any idea how hard we had to work

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Speaker 3: to get to this point, other.

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Speaker 2: Than our guest today. He knows he has some insight, y'all. Hey,

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Speaker 2: I'm Kadeen and I'm devout and where the ellis's.

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Speaker 1: You may know us from posting funny videos with our.

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Speaker 3: Boys and reading each other publicly as a.

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Speaker 2: Form of therapy.

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Speaker 1: Wait, I make you need therapy most days. Wow.

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Speaker 2: Oh, and one more important thing to mention, we're married.

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Speaker 1: Yes, sir, we are.

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Speaker 4: We created this podcast to open dialogue about some of

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Speaker 4: Li's most taboo topics.

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Speaker 2: Things most folks don't want to talk about.

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Speaker 1: Through the lens of a millennial married couple. Dead ass

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Speaker 1: is a term that we say every day.

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Speaker 4: So when we say dead ass, we're actually saying facts,

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Speaker 4: one hundred truth, the whole truth, and nothing but the truth.

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Speaker 1: We about to take pilot off to our whole new level.

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Speaker 3: Dead ass starts right now.

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Speaker 1: This story time is gonna take you back to I'm

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Speaker 1: gonna say two.

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Speaker 4: Thousand and eleven, twenty eleven to two thousand and fourteen

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Speaker 4: is when Jackson was born.

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Speaker 1: Those first three years. I'm going to give as visual

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Speaker 1: as I can.

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Speaker 4: What we were going through when we were at our worst,

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Speaker 4: cause I don't think I've ever got this graphic about

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Speaker 4: how bad it was at times. Twenty eleven, we had Jackson,

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Speaker 4: we had got health insurance because Kadeen was working at MAC.

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Speaker 4: I was not making any money, like at this point

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Speaker 4: the money I had in the NFL was now an investment.

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Speaker 4: I was working at Parice No, I was working at

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Speaker 4: Poly Prep as a football coach and Paris Speed School,

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Speaker 4: and I was also doing color commentary. So I was

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Speaker 4: making roughly I would say seventy k at the time.

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Speaker 4: We had the apartment. We had two mortgages, and we

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Speaker 4: had three car notes. We had the car note for

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Speaker 4: the f one to fifty, we had the car note

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Speaker 4: for on Debbie, then we had the car note for

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Speaker 4: the Audi. I was spending roughly eighteen hundred dollars a

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Speaker 4: month traveling back and forth to Staten Island working at

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Speaker 4: Parisi's Speed school, and I was only making twelve hundred

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Speaker 4: dollars a month, So.

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Speaker 1: I was in the red when it came to that job.

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Speaker 1: But I was supplementing that.

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Speaker 4: We're working at MSG varsity, also doing some commercials and

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Speaker 4: stuff like that. But we were struggling so much with

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Speaker 4: money that I had to make it a fun thing

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Speaker 4: to only eat Daddy breakfast throughout the day. So I

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Speaker 4: was watching Jackson, and I was watching Jackson to day

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Speaker 4: because Jackson, I mean, because kay was working at mac

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Speaker 4: and I was like, Jackson, we're gonna have for breakfast.

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Speaker 4: And he was young, he was like two two turning

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Speaker 4: on three, and he was like, daddy breakfast, and Daddy

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Speaker 4: breakfast was grits, eggs, and bacon.

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Speaker 1: But part of the reason why we were eating so

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Speaker 1: much grits, eggs and bacon was because grits was.

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Speaker 4: Extremely cheap and it was something that I could add

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Speaker 4: sugar to to make it sweet. If I wanted to

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Speaker 4: make it savor, I wouldn't put no sugar in there.

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Speaker 4: And it was just something for us to get by,

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Speaker 4: and I chose to just eat that because I didn't

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Speaker 4: want to eat out. Kadeen was working at the mall,

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Speaker 4: so she would get Johnny rockets here and there, and

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Speaker 4: I was just kind of like, you know what, I'm

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Speaker 4: not going to get on her about eating out because

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Speaker 4: she's at the wall at the mall.

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Speaker 1: And I'm at home, so all I did was eat

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Speaker 1: grits and eggs.

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Speaker 4: And there were times where we didn't even have bacon,

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Speaker 4: and it would just be grits and eggs, grits and eggs,

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Speaker 4: and k would come home and she would make dinner.

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Speaker 4: We didn't eat out for three years. Listen to me, people,

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Speaker 4: when I'm telling you, I'm not exaggerating. Kadeen and I

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Speaker 4: didn't even go to TGI Fridays.

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Speaker 2: For three years, and that was our thing.

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Speaker 4: We didn't go on vacations. There were no designer bags,

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Speaker 4: there were no clothes. People be making jokes on me

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Speaker 4: now because I'll wear like the same shirt four days

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Speaker 4: in a row, but that's from a scarcity mindset because

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Speaker 4: I didn't buy any clothes. I would wear gym attire

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Speaker 4: everywhere because I was always in the gym. And I'm

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Speaker 4: giving you guys that story because you see us now

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Speaker 4: and we're enjoying life now, but it is twenty twenty three.

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Speaker 4: For seven years of our life, there was an extreme

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Speaker 4: sacrifice to get us to here. So when people ask

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Speaker 4: me what it takes to get to a level of

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Speaker 4: comfort and financial security, it takes sacrifice, all right.

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Speaker 2: Karaoke time. We don't want to be rich? Don't we

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Speaker 2: want to be rich?

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Speaker 1: Yes?

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Speaker 3: I think most people I've got the question before, like

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Speaker 3: would you want to be famous or rich? If I

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Speaker 3: really had it my way, I'd just be rich and

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Speaker 3: nobody wouldn't know, and I would just tell twenty one

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Speaker 3: you do something.

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Speaker 2: Can you hear a little rich flex? Bo me listen,

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Speaker 2: that's just all for and that's just it.

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Speaker 3: We want to hit the rich flex and we're going

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Speaker 3: to hopefully tell y'all how to be able to flex. Yes,

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Speaker 3: if you follow a couple tips that our guests have

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Speaker 3: for you. If you are a nine to five worker

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Speaker 3: just trying to build your estate, to save, to pivot

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Speaker 3: to see what that next move is going to be?

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Speaker 3: What are some of the basics that you need?

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Speaker 4: And when we say nine to five, that's not a

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Speaker 4: knock because Kadeen and I both will work.

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Speaker 1: Well. She was working retail and I was working in

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Speaker 1: the gym, and.

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Speaker 4: We had set hours we had to work and use

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Speaker 4: that income to build future revenues.

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Speaker 3: That's effect and we work twenty five eight and that

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Speaker 3: sh ain't funn all the time neither.

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Speaker 1: No, it's not all right.

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Speaker 3: Stick around y'all, will take a quack break and come

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Speaker 3: back with our guests for today. All right, so today

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Speaker 3: we're talking building your estate. What that looks like for

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Speaker 3: you know, people who are just trying to save with

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Speaker 3: a regular nine to five job. And when we say

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Speaker 3: regular nine to five, we don't want to diminish the

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Speaker 3: value in a nine to five job, but just say, hey,

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Speaker 3: you know you're clocking in, clocking out, whatever your profession is,

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Speaker 3: you still want to find a way to build your

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Speaker 3: state and find ways to save effectively and still live

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Speaker 3: your best life. So we brought a special guest in today,

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Speaker 3: someone who has helped us over the course of what

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Speaker 3: the last twenty something.

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Speaker 1: Years, it's been about twenty years.

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Speaker 3: About twenty years and us trying to figure out how

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Speaker 3: we can stay afloat amidst so many ebbs and flows

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Speaker 3: in life.

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Speaker 2: From a financial perspective.

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Speaker 3: So do you want to take that away and do

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Speaker 3: this intro for our special guests?

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Speaker 1: Oh?

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Speaker 4: Sure, I don't even know how to introduce this young man.

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Speaker 4: I've known him I was I've known him since I

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Speaker 4: was born. I don't remember a point in my life

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Speaker 4: where Sean wasn't here. He was a member of the

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Speaker 4: Junior line, which was a young men's group that my

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Speaker 4: father had a mentorship group had a sale Missionary Baptist

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Speaker 4: church in the late alies, early nineties, all the way

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Speaker 4: through my high school graduation.

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Speaker 1: Which was in two thousand and two.

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Speaker 4: And he is like an older I'm not gonna say

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Speaker 4: like he is my older brother.

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Speaker 1: I remember. It's a quick story.

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Speaker 4: I remember when Brian and I wanted to go see

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Speaker 4: Alan Iverson play and Sean had a car and he

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Speaker 4: took us to see Alan Iverson play. Now, this car

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Speaker 4: was old as shit, but it also speaks. It also

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Speaker 4: speaks to who he is and what he was teaching

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Speaker 4: us at the time. I think he had just graduated

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Speaker 4: from college and he was working. And there were two

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Speaker 4: guys in the group that I really really looked up to.

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Speaker 4: And I'm not gonna shame anybody, but one guy in

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Speaker 4: the group at the time, he was driving a brand

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Speaker 4: new Infinity and Sean on and graduated college and was

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Speaker 4: working on Wall Street, and he drove like was it a.

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Speaker 5: Honda cordsan CenTra red Nissan. It was a red Nissan

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Speaker 5: one side view mirror, one.

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Speaker 1: One side few mirror. He drove us all the way.

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Speaker 5: To Philly, and see what was coming on the right side.

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Speaker 5: You have to It was a full look over the right.

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Speaker 4: Shoulder, full body turn, Sean says to me, And Brian

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Speaker 4: was just like, yo, because you know we call shotgun.

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Speaker 4: You want to ride in the front, Sean says, Yo,

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Speaker 4: whoever's riding in the front and the passenger side, don't

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Speaker 4: roll down the window because they don't.

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Speaker 1: Roll back up.

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Speaker 4: So I rode to Philly in the front seat and

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Speaker 4: I ain't touched the window because Sean told me what

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Speaker 4: to do. As soon as Brian got in the front seat,

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Speaker 4: he throwed the window out and all her Sean was no, no, not.

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Speaker 1: The window.

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Speaker 4: Completely disregarded and just But the funny thing is he

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Speaker 4: he picked us up. It was me, my cousin, Devaughon,

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Speaker 4: and Brian. He took us to go see Alan, obviously,

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Speaker 4: who was my favorite player at the time. And I

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Speaker 4: did have the braids at the time, and we rode

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Speaker 4: in this old Nissan CenTra. But looking back on it now,

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Speaker 4: we used to clown Sean for having this old car

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Speaker 4: while working on Wall Street, and you know, we used

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Speaker 4: to glorify the guys who are Sean's age who had

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Speaker 4: new cars. But now I look at life, and I

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Speaker 4: see where Sean is with his wife and his kids

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Speaker 4: in his house and he's a financial advisor, and it

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Speaker 4: all made sense why during the time he was focused

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Speaker 4: on what was important and now what was flashy. And

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Speaker 4: I just want to give that story to introduce Shawn

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Speaker 4: is to why Sean is my statement because that always

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Speaker 4: stuck with me. I'm not going to give Sean's title,

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Speaker 4: because Sean gives all the times. I'm gon let Sean

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Speaker 4: give his titles. But this is my brother. He's been

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Speaker 4: a mentor, Dakota's godfather, a confidant, He's been so many things.

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Speaker 4: That's why just saying a CPA would not even give

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Speaker 4: him credit to who he really is.

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Speaker 1: But this is my.

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Speaker 3: Brother, and Sean for me, at least, as the most

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Speaker 3: soothing voice, so like everything could be crashing around us financially,

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Speaker 3: and it has over the course of the years been

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Speaker 3: crumbling around us, and there's something about Sean's voice.

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Speaker 2: Even my mom.

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Speaker 3: Said that she's like, oh my goodness, like he just

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Speaker 3: makes me feel like everything's gonna be okay.

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Speaker 2: Yeah, you know, And I love that for me.

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Speaker 1: But that's the key. But that's the key, though.

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Speaker 4: The key is showing to be like everything is going

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Speaker 4: to be okay as long as you have a plan.

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Speaker 4: So without further ado, my brother, my mental my big

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Speaker 4: bro man, Sean Freeman, he appreciate you.

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Speaker 5: Did appreciate you, Kay. I mean, you know, for me

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Speaker 5: personally first just titles and all of that stuff. I'm

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Speaker 5: a certified financial planner and for me, you know, just

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Speaker 5: kind of coming up period, I've always kind of wanted more.

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Speaker 5: I've always kind of been looking at the you know,

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Speaker 5: a step ahead, what can I do to kind of

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Speaker 5: continue to move from our situation that we knew about

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Speaker 5: growing up there. You kind of know, know our neighborhood,

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Speaker 5: you know where we're from. Kay, you know where we're from,

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Speaker 5: you know our neighborhood, and you kind of watch all

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Speaker 5: these things that are going on in the world around you,

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Speaker 5: and you me as an individual, always wanted more. I

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Speaker 5: always wanted I looked at what, you know, as the

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Speaker 5: son of an immigrant, my mom coming to this country

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Speaker 5: and doing all that she did with what knowing nothing,

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Speaker 5: and me being in this country, being in New York

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Speaker 5: and seeing all of the wealth around us, our little

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Speaker 5: neighborhood and wanting that and not having you know, I

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Speaker 5: couldn't talk to my mom about it. She didn't have

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Speaker 5: the understanding of what was going on in the world,

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Speaker 5: and I didn't either. So I go to college and

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Speaker 5: you start taking classes. You start taking you know, you

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Speaker 5: take finance classes, and you understand, you get a better

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Speaker 5: understanding of how numbers work and how finance actually works,

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Speaker 5: compounding compound interest. So, you know, at that point is

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Speaker 5: when I kind of decided that this is what I

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Speaker 5: wanted to do in the world. I wanted to be

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Speaker 5: a financial advisor. I wanted to be a financial planner

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Speaker 5: because I saw the opportunity from a from a wealth

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Speaker 5: standpoint to move me from what I knew to where

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Speaker 5: I envisioned I wanted to be. And so that's been

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Speaker 5: my problem. I'm always looking at step ahead. I look

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Speaker 5: I need, you know, Nicole tells me just live in

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Speaker 5: the moment, and I'm doing better. I'm working on myself

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Speaker 5: to live in the moment. But it's always been hard

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Speaker 5: for me to live in the moment. I always look

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Speaker 5: a step ahead for that car, you know, I'm looking

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Speaker 5: a step ahead. I'm always looking at step ahead the

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Speaker 5: car instead of the car. You know, we put that money,

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Speaker 5: we bought a condo at twenty whatever. You know, everyone

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Speaker 5: does these things. You know, I'm not special in any way,

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Speaker 5: you know, but I decided that I wanted the money

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Speaker 5: to go into real estate at that time. So, you know,

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Speaker 5: it's been a long career, successful career. I'm you know,

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Speaker 5: as you know, a partner at a within at a

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Speaker 5: wealth management group within Morgan Stanley. You guys have been

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Speaker 5: working with you guys since the beginning. And the thing

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Speaker 5: about your situation is that it's typical of any financial individual,

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Speaker 5: financial situation. It's personal, right. You had to go through

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Speaker 5: what you guys went through in the very beginning as

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Speaker 5: you're building this thing, this empire, this you know, what

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Speaker 5: you've created for yourselves. You've had to you had to

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Speaker 5: go through life and kind of understand what it's going

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Speaker 5: to you know, how it's going to look, what it's

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Speaker 5: going to be, and the challenges that are going to

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Speaker 5: come about because you're pursuing moving yourselves forward. So you

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Speaker 5: had high income, you moved, you had family issues that

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Speaker 5: kind of inserted themselves that you have to address. And

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Speaker 5: that's typical, like we all kind of have these different

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Speaker 5: things that are going to affect our decision making process.

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Speaker 5: But for me, it's also it's also about kind of

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Speaker 5: taking a step back and assessing your own personal situation

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Speaker 5: and making decisions within this environment that we're in every day,

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Speaker 5: this economic environment.

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Speaker 6: So you know, as far as.

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Speaker 4: Real quick, I just want to I want to ask

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Speaker 4: you because you're speaking directly to our listeners, and a

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Speaker 4: lot of the things you always hear from from the

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Speaker 4: listeners is how do how do I take my family

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Speaker 4: to where you and coadeen to your family because they've

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Speaker 4: been following us from the very beginning, and they remember

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Speaker 4: us in the apartment, and you remember those times I

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Speaker 4: took a page out of your book. I had an

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Speaker 4: Audi A six, I got ridly out in six. We

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Speaker 4: downsized in cars. We you know, we partner with other

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Speaker 4: people to split rent. And I try to tell people

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Speaker 4: there are a lot of sacrifices that go into wealth,

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Speaker 4: wealth management and wealth building.

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Speaker 1: But then they say, once.

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Speaker 4: You make the sacrifices and you have the capital, what

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Speaker 4: do you do? You know, they always say, well, what

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Speaker 4: are you investing? They always ask me, Devoute, what are

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Speaker 4: you invest in? You wear Nike? Do you invest in Nike?

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Speaker 4: And I try to explain to them it's not always

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Speaker 4: about just finding an investment to invest in.

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Speaker 1: It's about having.

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Speaker 4: Multiple streams of income number one, but finding ways to

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Speaker 4: develop compound interest, like you always tell me.

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Speaker 1: With the revenue.

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Speaker 4: So can you speak a little bit about how you've

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Speaker 4: helped us build our financial plan? You know, I know

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Speaker 4: it's going to be different for us than this for

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Speaker 4: other people because everyone isn't going.

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Speaker 1: To do seven jobs like we were doing.

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Speaker 4: But if you had to speak to a group of

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Speaker 4: people who all work nine to five and looking for

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Speaker 4: a way to help build their wealth, what would you

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Speaker 4: say will be the first key steps?

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Speaker 5: So I'm very I'm very careful about giving broad based

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Speaker 5: guidance right because it is specific. So I'm thinking about

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Speaker 5: a general nine to five person, right living in this

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Speaker 5: in this economy. You have bills, you have your mortgage,

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Speaker 5: I'm assuming your your rent. But if you have a

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Speaker 5: nine to five job, obviously you have something. You have

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Speaker 5: a four to one K, so you should put money

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Speaker 5: into that four one K. You could look to start

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Speaker 5: a business with some of that additional income. All of

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Speaker 5: both of those things build wealth, and I think people

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Speaker 5: sometimes kind of forget that the basics of just saving

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Speaker 5: money and setting money aside is wealth. Building. You know

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Speaker 5: you are. You know, if you consistently put money into

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Speaker 5: a four to one K or younger person in their

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Speaker 5: thirties and they do it till they're sixty, and you

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Speaker 5: take advantage of the maximum contribution levels that are available

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Speaker 5: to you in this country, you will have over a

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Speaker 5: million dollars in assets in one account. That's you know,

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Speaker 5: and I think people forget about. Everyone is looking for

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Speaker 5: this magic pill of building wealth. Wealth is the increase

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Speaker 5: of assets over time. And if you're working a nine

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Speaker 5: to five, you have at your disposal a retirement account

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Speaker 5: that you can put money into save, get compound interest,

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Speaker 5: and if you do that consistently, you will have over

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Speaker 5: a million dollars. A million dollars is a is a

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Speaker 5: real number. That's a real part of your net worth.

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Speaker 5: And in addition to that, owning a home, set of

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Speaker 5: paying rent. And again this is general, we're talking about

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Speaker 5: broad strokes, but if you own a home, you're paying

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Speaker 5: down the debt, you're building equity. Whatever you purchase that

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Speaker 5: home for nine times out of ten is going to

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Speaker 5: appreciate in value. And as you're paying down the debt,

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Speaker 5: you're increasing your wealth. So now you have a retirement asset.

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Speaker 5: You have a piece of real estate that at a baseline,

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Speaker 5: someone with a nine to five job that's working can

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Speaker 5: do those things, and that's a wealth building. That's wealth building.

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Speaker 5: And when we talk about wealth building, I don't always

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Speaker 5: only look at it from an individual standpoint. You also

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Speaker 5: got to look at what the impact is to your

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Speaker 5: family generationally. You know, today's economy is going to look

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Speaker 5: a lot different than the economy thirty years, you know,

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Speaker 5: twenty years from now. For your kids as an example,

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Speaker 5: you know, what we're doing today on an individual basis

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Speaker 5: for your family is going to allow you to give

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Speaker 5: your children opportunities that you didn't have to Instead of

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Speaker 5: them renting, instead of them potentially paying for school, they're

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Speaker 5: going to not have that sort of financial obligation. So

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Speaker 5: you're passing the wealth that you have created for yourselves

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Speaker 5: to them to make their path a lot easier. So

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Speaker 5: that's the thing. So those are two basic things that

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Speaker 5: can happen. Just paying attention to what's being offered to

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Speaker 5: you through the workforce, through real estate and just owning

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Speaker 5: and starting there. And if you have additional capital after that,

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Speaker 5: that's where we start talking about additional You know, you're

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Speaker 5: taking risks. But you guys have done all this. We

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Speaker 5: know you have your full one ks, you have your home,

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Speaker 5: you have you've done these things, these basic things I'm

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Speaker 5: saying everybody should do. But now you're also taking advantage

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Speaker 5: of smart planning as far as management and free cash flow,

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Speaker 5: and you're building out a business for yourself. That's it's

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Speaker 5: a risk though you're paying. You're putting a lot of

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Speaker 5: capital into the things that you're doing, and you're and

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Speaker 5: it's paying off. But it also could have gone the

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Speaker 5: other way, right, but it's paying and actually in the

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Speaker 5: beginning it did. You had your bumps.

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Speaker 1: Those and flows.

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Speaker 3: They're definitely exactly the true, the true uh in the

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Speaker 3: terms of more money, more problems. It's like the more

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Speaker 3: you started to make, it's like, shoot, more things that

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Speaker 3: were coming up, and the more money coming in, there

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Speaker 3: was still more money going out, you know. And Sean,

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Speaker 3: we tell the story all the time about Deval retiring

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Speaker 3: from the league and then the recession hitting and him

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Speaker 3: taking the money that he had in the league and

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Speaker 3: trying to do all of the right things with it.

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Speaker 3: And we say all of the right things, meaning investing

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Speaker 3: in property, and then eventually he put some money in

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Speaker 3: some stock market, you know, investments and stuff like that,

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Speaker 3: and then ended up losing that when the market crashed

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Speaker 3: back in two thousand.

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Speaker 2: What was that eight? That's eight?

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Speaker 3: So what advice do you have for people who think

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Speaker 3: about having that extra money and then wanting to play

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Speaker 3: a little bit right, they want to invest in certain things?

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Speaker 3: What are some I don't want to say sure routes

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Speaker 3: for investment, but some that are going to be more

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Speaker 3: advantageous for people looking to gain.

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Speaker 5: So that's a question about risk. Kadane, Right, So you

401
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Speaker 5: have a little extra You've done the basics, you have

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Speaker 5: your own or some you know, you're building equity in something,

403
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Speaker 5: you're saving money in a four to one k Now

404
00:20:41,119 --> 00:20:43,680
Speaker 5: you do have extra money for yourself. Now it's risk

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Speaker 5: in today's environment. And I said, you know, economy has changed,

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Speaker 5: but in today's environment, you can get guaranteed returns on

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Speaker 5: assets that are less risky than they were a year ago,

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Speaker 5: so you can buy I've had a lot of questions

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Speaker 5: about these eye bonds. Eyebonds at different times are paying

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Speaker 5: you over six and a half percent today, I think

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Speaker 5: it last time I checked, it was like six point

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Speaker 5: eight seven five. That's a guaranteed rate of return by

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Speaker 5: the government. Right, So you're talking about risk if two

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Speaker 5: years ago that same risk free investment was not paying

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Speaker 5: you that. So with extra money, you start you look

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Speaker 5: at how you can put that money to work you

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Speaker 5: and you rate that decision based on the risk you're taking. Today,

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Speaker 5: someone with free cash flow can get good returns four

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Speaker 5: or five six percent returns without taking a lot of

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Speaker 5: principal risk. Principal risk is you putting your money into something.

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Speaker 5: Your boy asked you to go invest in whatever it is,

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Speaker 5: and you put that money in. You could get that

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00:21:49,200 --> 00:21:52,679
Speaker 5: money back with return or you could not. Today because

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Speaker 5: of where we are in the economy and with interest rates,

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Speaker 5: you're getting guaranteed returns that you weren't seeing before. So

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Speaker 5: you look at that and you make your decisions. And

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Speaker 5: number one, you take whatever little free cash flow that

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Speaker 5: you have and you say, you know what, I'm going

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Speaker 5: to set aside X amount of dollars and get guaranteed

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Speaker 5: six percent rates of return on this portion of the money.

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Speaker 5: I know that that's going to be there no matter

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Speaker 5: what building equity. Once that's done, see you gauge how

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Speaker 5: much additional money you have, and now maybe you want

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Speaker 5: to take some risk by investing in stocks. Stocks have

435
00:22:27,040 --> 00:22:30,959
Speaker 5: corrected significantly over the last year, so you're down twenty

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Speaker 5: percent in some cases, double digits on average in a

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Speaker 5: lot of cases. Put money into some stocks that that

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Speaker 5: you know, companies that you know that have depreciated in value,

439
00:22:44,800 --> 00:22:47,000
Speaker 5: and you plan on holding those for the long run.

440
00:22:47,400 --> 00:22:49,800
Speaker 5: That's another level of risk. So you have bonds that

441
00:22:49,840 --> 00:22:52,560
Speaker 5: are low risks, you have stocks that are going to

442
00:22:52,760 --> 00:22:56,840
Speaker 5: give you more return potentially over time, but carry additional risk.

443
00:22:57,520 --> 00:22:59,520
Speaker 5: And then you kind of continue to go up the ladder.

444
00:22:59,560 --> 00:23:03,120
Speaker 5: Maybe you want to start a business again risk that's

445
00:23:03,160 --> 00:23:06,320
Speaker 5: more risks than stocks and cash. But now you're kind

446
00:23:06,320 --> 00:23:09,000
Speaker 5: of figuring out what it is you have left for

447
00:23:09,040 --> 00:23:12,600
Speaker 5: yourself to do all of these things. And that's where

448
00:23:12,600 --> 00:23:15,680
Speaker 5: an individual has to kind of assess their own situation

449
00:23:16,280 --> 00:23:18,960
Speaker 5: and say, you know what I make out of one

450
00:23:19,040 --> 00:23:22,360
Speaker 5: hundred percent overall money that I make, I'm setting aside

451
00:23:22,440 --> 00:23:26,120
Speaker 5: fifty percent in my retirement. I'm putting money into my home.

452
00:23:26,160 --> 00:23:29,159
Speaker 5: I have fifty percent left over. You know, I'm gonna

453
00:23:29,200 --> 00:23:30,960
Speaker 5: I want to make sure that I have about a

454
00:23:31,080 --> 00:23:33,960
Speaker 5: year's worth of expenses set aside. I'm going to put

455
00:23:33,960 --> 00:23:37,080
Speaker 5: that into bonds. And then the difference is you talk

456
00:23:37,119 --> 00:23:39,080
Speaker 5: as a family, as a group, as a community and

457
00:23:39,119 --> 00:23:40,520
Speaker 5: say what am I going to put the rest of

458
00:23:40,560 --> 00:23:43,000
Speaker 5: the money in to kind of get these returns that

459
00:23:43,440 --> 00:23:48,639
Speaker 5: can push my wealth building. I'll go forward even faster.

460
00:23:49,680 --> 00:23:50,000
Speaker 1: You know what.

461
00:23:50,080 --> 00:23:53,520
Speaker 4: The thing I love about you, Sean was years ago

462
00:23:53,600 --> 00:23:56,520
Speaker 4: when I was in the NFL, I was always looking

463
00:23:56,520 --> 00:23:58,160
Speaker 4: for you. You know me, I'm always looking for ways

464
00:23:58,160 --> 00:24:00,359
Speaker 4: to make money. How can I do this money? And

465
00:24:00,400 --> 00:24:03,320
Speaker 4: all you kept saying to me was time. All you

466
00:24:03,400 --> 00:24:05,840
Speaker 4: kept saying to me was the now. This takes time.

467
00:24:05,920 --> 00:24:08,800
Speaker 4: Like this is a life investment. This isn't an investment

468
00:24:08,840 --> 00:24:11,119
Speaker 4: where you put something in for two years and you

469
00:24:11,160 --> 00:24:14,719
Speaker 4: expect a huge return. And I'll give the listeners who

470
00:24:14,720 --> 00:24:17,560
Speaker 4: are listening some insight. When I first made it to

471
00:24:17,560 --> 00:24:20,679
Speaker 4: the NFL, my salary was two hundred and seventy five K.

472
00:24:21,680 --> 00:24:23,600
Speaker 4: And when you hear that, I was and this is

473
00:24:23,600 --> 00:24:25,240
Speaker 4: coming from a kid from Brooklyn, I was like, oh,

474
00:24:25,280 --> 00:24:27,480
Speaker 4: I'm rich. And Sean was like, you're not rich. Like

475
00:24:27,600 --> 00:24:31,120
Speaker 4: you're making good money, but you're not making.

476
00:24:32,320 --> 00:24:35,400
Speaker 1: Terrell Owens money. You know, you're not making Tom Brady money.

477
00:24:35,400 --> 00:24:37,479
Speaker 4: You're not making millions of dollars a year and I

478
00:24:37,520 --> 00:24:39,960
Speaker 4: had the only income at the house. So this is

479
00:24:39,960 --> 00:24:42,240
Speaker 4: a two person income and I'm making two seventy five.

480
00:24:42,359 --> 00:24:45,320
Speaker 4: That's like two people making a buck thirty a piece.

481
00:24:46,040 --> 00:24:46,240
Speaker 1: Right.

482
00:24:46,320 --> 00:24:49,439
Speaker 4: So when I was making that money, Sean was like,

483
00:24:49,600 --> 00:24:51,320
Speaker 4: you want to buy some property, you want to make

484
00:24:51,359 --> 00:24:53,880
Speaker 4: some investments, but you also need to start thinking about

485
00:24:53,960 --> 00:24:56,680
Speaker 4: what businesses you want to start. But it doesn't need

486
00:24:56,760 --> 00:24:58,800
Speaker 4: something that's not something that those businesses are going to

487
00:24:58,840 --> 00:25:03,360
Speaker 4: turn around value in the next five years. Immediately you're

488
00:25:03,400 --> 00:25:06,240
Speaker 4: trying to build something long term. And I kid you

489
00:25:06,280 --> 00:25:09,399
Speaker 4: guys not I bought two property. My brother and I

490
00:25:09,440 --> 00:25:11,680
Speaker 4: started some property and it took Kadeen and I ten

491
00:25:11,760 --> 00:25:15,800
Speaker 4: years to build to a point where we felt comfortable

492
00:25:16,400 --> 00:25:18,200
Speaker 4: saying we can make a move or pivot in a

493
00:25:18,240 --> 00:25:20,280
Speaker 4: different direction. And the reason why I want to tell

494
00:25:20,280 --> 00:25:23,160
Speaker 4: that story is because that was a ten year investment

495
00:25:23,640 --> 00:25:26,720
Speaker 4: and that was with an NFL salary. So if you

496
00:25:26,760 --> 00:25:28,680
Speaker 4: have people here who are working nine to five, who

497
00:25:28,720 --> 00:25:31,760
Speaker 4: are making six figures, and you have two salaries, it's

498
00:25:31,800 --> 00:25:33,560
Speaker 4: going to take time, but you can wealth build. But

499
00:25:33,600 --> 00:25:35,920
Speaker 4: don't expect the wealth building process to be a year.

500
00:25:36,320 --> 00:25:38,320
Speaker 4: Don't expect it to be. I invested it this in

501
00:25:38,440 --> 00:25:41,760
Speaker 4: six months and now I'm filthy rich. It takes time,

502
00:25:42,160 --> 00:25:44,080
Speaker 4: and as long as you have invested in the time

503
00:25:44,119 --> 00:25:47,560
Speaker 4: it will take to see returns on your investment, you'll

504
00:25:47,600 --> 00:25:50,199
Speaker 4: be doing well and doing yourself for a service. So

505
00:25:50,240 --> 00:25:53,280
Speaker 4: I just want our listeners to know that everything that

506
00:25:53,320 --> 00:25:55,840
Speaker 4: Sean is saying, we've already put in place. When I

507
00:25:55,880 --> 00:25:57,560
Speaker 4: was in the NFL, I put my money in my

508
00:25:57,600 --> 00:26:00,600
Speaker 4: four to one K, I bought property, we invest in stocks,

509
00:26:00,600 --> 00:26:03,119
Speaker 4: we invested in bonds, and throughout the course of the

510
00:26:03,160 --> 00:26:05,359
Speaker 4: ten years, when we went to make the pivot and

511
00:26:05,400 --> 00:26:08,239
Speaker 4: move to LA I ended up selling those properties and

512
00:26:08,359 --> 00:26:11,320
Speaker 4: using that money as a way for us to move.

513
00:26:11,320 --> 00:26:12,640
Speaker 1: But that was a wealth building move.

514
00:26:12,960 --> 00:26:13,119
Speaker 5: You know.

515
00:26:13,200 --> 00:26:15,440
Speaker 4: We was in the apartment for nine years, and as

516
00:26:15,440 --> 00:26:17,399
Speaker 4: we got equity in those properties, we were able to

517
00:26:17,440 --> 00:26:19,640
Speaker 4: take out the capital and build. So I really want

518
00:26:19,680 --> 00:26:21,639
Speaker 4: to put that on people's hearts to let them know

519
00:26:21,680 --> 00:26:22,800
Speaker 4: that this takes time.

520
00:26:23,359 --> 00:26:24,919
Speaker 1: You can't rush this process.

521
00:26:25,760 --> 00:26:26,320
Speaker 2: Absolutely.

522
00:26:26,480 --> 00:26:28,719
Speaker 5: I was just going to say, you're absolutely right, and

523
00:26:28,760 --> 00:26:32,840
Speaker 5: it's also work like. It's not easy. It's not in

524
00:26:32,920 --> 00:26:35,240
Speaker 5: the basic things that we're talking about with the four

525
00:26:35,440 --> 00:26:38,520
Speaker 5: one K, It's not easy. To give up twenty to

526
00:26:38,520 --> 00:26:41,679
Speaker 5: thirty thousand dollars out of someone's income. Everything about it.

527
00:26:42,080 --> 00:26:43,120
Speaker 1: Talk about it, right.

528
00:26:43,119 --> 00:26:46,320
Speaker 5: It's not easy to set It's not easy to commit

529
00:26:46,359 --> 00:26:49,520
Speaker 5: to owning a home and paying a thirty year mortgage

530
00:26:49,560 --> 00:26:54,240
Speaker 5: on time every single month. It's not easy building you know,

531
00:26:54,320 --> 00:26:58,480
Speaker 5: a business out like you know, people look at their

532
00:26:58,760 --> 00:27:02,560
Speaker 5: everyone else's situation and kind of make judgments about that's

533
00:27:02,600 --> 00:27:05,240
Speaker 5: what success looks like, That's what wealth looks like. But

534
00:27:05,920 --> 00:27:10,360
Speaker 5: I you know, working with wealthy people when they're wealthy,

535
00:27:10,480 --> 00:27:14,280
Speaker 5: when they're relatively wealthy to others, it doesn't feel it

536
00:27:14,280 --> 00:27:18,800
Speaker 5: doesn't seem well, it's hard. It's hard maintaining the things

537
00:27:18,800 --> 00:27:22,000
Speaker 5: that you're committed to. It's hard to build it. You know,

538
00:27:23,359 --> 00:27:25,679
Speaker 5: you look at all of the work specific to you

539
00:27:25,720 --> 00:27:28,600
Speaker 5: guys that it took to kind of move forward. And

540
00:27:28,640 --> 00:27:31,080
Speaker 5: I'm not saying the journey is not over. It's just

541
00:27:31,119 --> 00:27:34,480
Speaker 5: you're just moving forward. And you can speak to how

542
00:27:34,520 --> 00:27:39,960
Speaker 5: hard daily it is to maintain where your move the

543
00:27:40,040 --> 00:27:42,600
Speaker 5: wealth building, you know, and that's what people when I

544
00:27:42,640 --> 00:27:47,000
Speaker 5: talk about, you know, when people talk about retirement, retirement

545
00:27:47,119 --> 00:27:50,120
Speaker 5: is just not working anymore. And work is a real thing.

546
00:27:50,240 --> 00:27:55,000
Speaker 5: Work is how you are building these these This work

547
00:27:55,080 --> 00:27:57,520
Speaker 5: is what's going to build the wealth that you envision

548
00:27:57,600 --> 00:27:59,920
Speaker 5: for yourself. But while you're in the middle of it,

549
00:28:00,800 --> 00:28:03,280
Speaker 5: I can't say unless you were given something, If you

550
00:28:03,280 --> 00:28:08,680
Speaker 5: were given millions of dollars by your family, maybe it's easier.

551
00:28:08,680 --> 00:28:11,160
Speaker 5: But we're talking about people that get up every day

552
00:28:11,560 --> 00:28:14,400
Speaker 5: and make hard and tough decisions and commit to those

553
00:28:14,440 --> 00:28:18,240
Speaker 5: decisions and navigate those decisions every day until they can

554
00:28:18,280 --> 00:28:18,960
Speaker 5: take a break.

555
00:28:19,840 --> 00:28:22,200
Speaker 4: So you know, that's that's why I wanted to cut

556
00:28:22,200 --> 00:28:23,919
Speaker 4: you off, not to cut you off. That's why I

557
00:28:23,960 --> 00:28:27,280
Speaker 4: told a story about you driving that car, because that

558
00:28:27,480 --> 00:28:30,199
Speaker 4: was a credit to the sacrifice you were making in

559
00:28:30,240 --> 00:28:32,239
Speaker 4: your twenties to say, you know what, I'm not going

560
00:28:32,320 --> 00:28:34,080
Speaker 4: to go get me an expensive car just because I

561
00:28:34,119 --> 00:28:34,920
Speaker 4: work on Wall Street.

562
00:28:35,040 --> 00:28:36,479
Speaker 1: I'm going to get a condo.

563
00:28:37,560 --> 00:28:37,760
Speaker 5: Yeah.

564
00:28:38,000 --> 00:28:39,960
Speaker 4: And then, to me, that's what people don't want to hear.

565
00:28:40,080 --> 00:28:42,360
Speaker 4: Every time someone asked me, how did you do it?

566
00:28:43,000 --> 00:28:45,040
Speaker 4: They expect me to give them like a three step

567
00:28:45,080 --> 00:28:48,239
Speaker 4: method to make a million dollars in six months. And

568
00:28:48,240 --> 00:28:50,680
Speaker 4: then when you tell them, well, I had an Audi

569
00:28:50,760 --> 00:28:53,960
Speaker 4: and I didn't drive an AUTI for four years, me

570
00:28:54,000 --> 00:28:56,040
Speaker 4: and Case shared a car. I took the train. We

571
00:28:56,040 --> 00:28:58,160
Speaker 4: didn't go on vacation for four years. I didn't buy

572
00:28:58,160 --> 00:29:00,680
Speaker 4: any clothes, we didn't eat out, we didn't yoh. Then

573
00:29:00,720 --> 00:29:02,880
Speaker 4: they'd be like, oh, that's not really a plan. It's like, no,

574
00:29:03,000 --> 00:29:04,640
Speaker 4: that's exactly what the plan plan.

575
00:29:05,040 --> 00:29:07,080
Speaker 1: The plan is to sacrifice, you.

576
00:29:07,040 --> 00:29:09,160
Speaker 3: Know, yes, yes, And it's just like living in the

577
00:29:09,160 --> 00:29:12,440
Speaker 3: society we live in. Everything is about instant gratification. You know,

578
00:29:12,560 --> 00:29:15,280
Speaker 3: this generation things that things are just super super easy,

579
00:29:15,320 --> 00:29:18,640
Speaker 3: and then they're also contending with this aspirational lifestyle that

580
00:29:18,720 --> 00:29:20,160
Speaker 3: so many people are trying to live up to.

581
00:29:20,520 --> 00:29:20,680
Speaker 5: You know.

582
00:29:20,680 --> 00:29:23,520
Speaker 3: We did an episode which we already told the listeners

583
00:29:23,520 --> 00:29:25,360
Speaker 3: that we were going to be speaking with you on

584
00:29:25,440 --> 00:29:29,959
Speaker 3: an episode about wedding culture and how it's literally trash

585
00:29:30,040 --> 00:29:32,600
Speaker 3: now because the average cost for a wedding in the

586
00:29:32,680 --> 00:29:36,280
Speaker 3: United States right now is thirty grand. Where people are

587
00:29:36,280 --> 00:29:39,000
Speaker 3: aspiring to have these one hundred thousand dollars weddings just

588
00:29:39,000 --> 00:29:42,640
Speaker 3: to keep up with the viral moments on Instagram. And

589
00:29:42,680 --> 00:29:45,240
Speaker 3: we spoke about you know, taking that money and making

590
00:29:45,280 --> 00:29:47,760
Speaker 3: it more of an investment move versus a one day thing.

591
00:29:49,280 --> 00:29:52,640
Speaker 5: I mean, and it's happening across the economy. K it's weddings,

592
00:29:52,720 --> 00:29:56,120
Speaker 5: it's the cost of education, it's the cost of homes,

593
00:29:56,440 --> 00:29:59,400
Speaker 5: all of these decisions, like everything that we are committing

594
00:29:59,480 --> 00:30:05,160
Speaker 5: to costs money, and it's and it's a sacrifice. And

595
00:30:05,560 --> 00:30:09,200
Speaker 5: people cannot appreciate your how hard it is to be

596
00:30:09,400 --> 00:30:13,600
Speaker 5: in one situation. Looking at you, guys, the world may

597
00:30:13,680 --> 00:30:17,760
Speaker 5: think it's easy. I damn, I know it's not easy.

598
00:30:18,080 --> 00:30:20,719
Speaker 5: I know it's not easy. I know how heavy that

599
00:30:20,800 --> 00:30:23,680
Speaker 5: load is. I don't know whoever may be looking at

600
00:30:23,720 --> 00:30:25,640
Speaker 5: me on the outs, I may think it's easy. Oh

601
00:30:25,680 --> 00:30:29,520
Speaker 5: how you know what? It is so specific to the individual,

602
00:30:30,320 --> 00:30:33,200
Speaker 5: and there is no quick and easy fix. We want

603
00:30:33,200 --> 00:30:36,080
Speaker 5: to make it easier for our children though, Yeah, that's

604
00:30:36,120 --> 00:30:38,760
Speaker 5: for sure. We want to give them a little bit

605
00:30:38,920 --> 00:30:43,000
Speaker 5: of a leg up, just like my mom did. My

606
00:30:43,040 --> 00:30:47,080
Speaker 5: mom moved. My mom literally left Jamaica as a single

607
00:30:47,240 --> 00:30:49,840
Speaker 5: black woman in her twenties to come here. Everything I'm

608
00:30:49,840 --> 00:30:53,560
Speaker 5: doing is easy. This is not this is that's that

609
00:30:53,800 --> 00:30:54,200
Speaker 5: was hard.

610
00:30:54,520 --> 00:30:56,440
Speaker 1: That'spective.

611
00:30:57,360 --> 00:30:59,880
Speaker 2: Some of the stories Shawn Sean from Shawn's family from Jamaica.

612
00:30:59,920 --> 00:31:00,280
Speaker 5: My mom.

613
00:31:00,280 --> 00:31:03,000
Speaker 3: My mom came up here at seventeen by herself, looking

614
00:31:03,040 --> 00:31:05,640
Speaker 3: to become a nurse, started working at Burger King, you know,

615
00:31:05,680 --> 00:31:07,360
Speaker 3: and worked her way up, so we share some of

616
00:31:07,440 --> 00:31:08,040
Speaker 3: those stories.

617
00:31:08,120 --> 00:31:11,680
Speaker 5: Yeah, and your family d came from this, I guess

618
00:31:11,880 --> 00:31:15,560
Speaker 5: you know. My family came from the people man. Yeah.

619
00:31:16,040 --> 00:31:19,080
Speaker 4: Yeah, But I think the biggest thing that I want

620
00:31:19,120 --> 00:31:23,120
Speaker 4: to implore with people is stop looking for quick fixes.

621
00:31:23,880 --> 00:31:24,080
Speaker 1: Right.

622
00:31:24,360 --> 00:31:28,160
Speaker 4: Instagram and social media is not a real place, right.

623
00:31:28,240 --> 00:31:28,800
Speaker 5: Yeah.

624
00:31:28,920 --> 00:31:33,360
Speaker 4: It takes time, it takes discipline, it takes strategy, you know.

625
00:31:33,400 --> 00:31:35,600
Speaker 4: And if and if there were three things that someone

626
00:31:35,680 --> 00:31:37,160
Speaker 4: is what does it take to build wealth? I would

627
00:31:37,160 --> 00:31:40,520
Speaker 4: say time, discipline, and strategy. If you have those things,

628
00:31:40,520 --> 00:31:43,360
Speaker 4: and if you remain consistent over the course of time,

629
00:31:43,680 --> 00:31:46,120
Speaker 4: you can build wealth. But most of the wealth you see,

630
00:31:46,400 --> 00:31:48,200
Speaker 4: the most of the wealth you gain you won't even

631
00:31:48,240 --> 00:31:48,920
Speaker 4: be able to see.

632
00:31:49,040 --> 00:31:51,840
Speaker 1: Your children will see it. And that to me is

633
00:31:51,880 --> 00:31:52,640
Speaker 1: the biggest aid.

634
00:31:54,000 --> 00:31:57,760
Speaker 5: Yeah, you're you are, You're not. The goal should never

635
00:31:57,800 --> 00:32:01,560
Speaker 5: be to spend the money that we made. We're living,

636
00:32:01,640 --> 00:32:05,920
Speaker 5: We're up every single day, we're working hard, we are maintaining,

637
00:32:05,960 --> 00:32:08,640
Speaker 5: we're making good decisions. We're trying to grow this wealth.

638
00:32:09,080 --> 00:32:12,600
Speaker 5: But at the end of the day, we're not trying

639
00:32:12,600 --> 00:32:15,440
Speaker 5: to leave this earth with zero and have these kids.

640
00:32:15,840 --> 00:32:20,200
Speaker 5: The things that are really important families starting from zero, right, right,

641
00:32:20,240 --> 00:32:22,280
Speaker 5: So we're not spending or we're not going to have

642
00:32:22,360 --> 00:32:26,000
Speaker 5: the luxury of all of this wealth building that we're

643
00:32:26,080 --> 00:32:29,360
Speaker 5: talking about to use for ourselves. It's just not how

644
00:32:29,400 --> 00:32:32,760
Speaker 5: it works. Anything I do for clients, all of the

645
00:32:32,800 --> 00:32:37,000
Speaker 5: projections that I run, it's to maintain what they've built

646
00:32:37,080 --> 00:32:39,080
Speaker 5: for themselves. So for you guys, it's going to be

647
00:32:39,120 --> 00:32:42,800
Speaker 5: to maintain when you're when you finally decide that somehow

648
00:32:42,800 --> 00:32:46,280
Speaker 5: you're going to slow down, both of you, we're going

649
00:32:46,360 --> 00:32:48,760
Speaker 5: to want to have the assets that you that have

650
00:32:48,880 --> 00:32:51,280
Speaker 5: worked hard to set aside working for you, so you

651
00:32:51,360 --> 00:32:56,280
Speaker 5: can take a step back. But the kids, the boys,

652
00:32:56,600 --> 00:32:59,000
Speaker 5: they're going to get that money and they're going to

653
00:32:59,040 --> 00:33:02,840
Speaker 5: figure out how to grow it for their kids. It's

654
00:33:02,920 --> 00:33:06,800
Speaker 5: not I'll go back. I'll just say it's not easy.

655
00:33:06,880 --> 00:33:11,080
Speaker 5: Those three things that you mentioned, time, discipline, I think

656
00:33:11,120 --> 00:33:12,360
Speaker 5: you said strategy.

657
00:33:11,960 --> 00:33:14,080
Speaker 1: Is that the strategy. You have to have a strategy.

658
00:33:14,840 --> 00:33:17,480
Speaker 5: Yeah, you have to have a strategy and kind of

659
00:33:17,520 --> 00:33:21,000
Speaker 5: be willing to work at that strategy. I don't know

660
00:33:21,040 --> 00:33:23,200
Speaker 5: how many people out there and kind of you know,

661
00:33:24,320 --> 00:33:29,560
Speaker 5: visualizing what you guys have and do, but it takes

662
00:33:29,600 --> 00:33:31,960
Speaker 5: work and it takes the time to kind of execute

663
00:33:31,960 --> 00:33:34,280
Speaker 5: on it so that it becomes something that's real, something

664
00:33:34,320 --> 00:33:37,440
Speaker 5: that's helping you to build wealth. There's no easy there's

665
00:33:37,440 --> 00:33:42,000
Speaker 5: no quick fix, there's no easy answer. It's an individual decision.

666
00:33:42,040 --> 00:33:44,680
Speaker 5: But going back to kind of the original questions, there

667
00:33:44,680 --> 00:33:47,360
Speaker 5: are some basic things that you can do and that's

668
00:33:47,480 --> 00:33:50,480
Speaker 5: and those things, those basic things are not easy either.

669
00:33:50,680 --> 00:33:53,440
Speaker 5: Like I said, you're giving up money that you're working

670
00:33:53,520 --> 00:33:57,160
Speaker 5: for to achieve, retire you know, four one K, owning

671
00:33:57,200 --> 00:33:59,800
Speaker 5: a home, and then anything you do after that is

672
00:34:00,080 --> 00:34:01,680
Speaker 5: in order for sure.

673
00:34:01,760 --> 00:34:04,280
Speaker 4: So how about those are the three things we're going

674
00:34:04,360 --> 00:34:08,120
Speaker 4: to give them if it takes time, discipline, strategy, but ultimately,

675
00:34:08,480 --> 00:34:10,640
Speaker 4: if you want to start now, if you work a

676
00:34:10,800 --> 00:34:14,000
Speaker 4: traditional nine to five, look into a four on one k,

677
00:34:14,480 --> 00:34:17,040
Speaker 4: look into purchasing a home, and if that means you

678
00:34:17,120 --> 00:34:19,759
Speaker 4: have to save x amount of dollars per month for

679
00:34:19,800 --> 00:34:21,600
Speaker 4: two years, this is what me and k have. We

680
00:34:21,640 --> 00:34:26,120
Speaker 4: worked on another another podcast talking about saving for the wedding.

681
00:34:26,560 --> 00:34:27,480
Speaker 1: Kadeen and I was like.

682
00:34:27,440 --> 00:34:30,919
Speaker 4: If you if each couple saves a thousand dollars, each

683
00:34:30,960 --> 00:34:33,120
Speaker 4: person in the couple saves one thousand dollars a month,

684
00:34:33,600 --> 00:34:36,000
Speaker 4: that'll give you two thousand dollars a month, that'll give

685
00:34:36,000 --> 00:34:37,759
Speaker 4: you twenty four thousand dollars for the year.

686
00:34:38,160 --> 00:34:38,839
Speaker 1: If you do like.

687
00:34:38,840 --> 00:34:40,480
Speaker 4: Kadeena and I did, and you say, you know what

688
00:34:40,640 --> 00:34:44,479
Speaker 4: we're gonna do four years of just straight sacrifice. That's

689
00:34:44,600 --> 00:34:47,880
Speaker 4: ninety six thousand dollars you can save over the course

690
00:34:47,960 --> 00:34:50,920
Speaker 4: of four years. That is a down payment. If you're

691
00:34:50,920 --> 00:34:52,759
Speaker 4: putting down twenty percent on a home, that is a

692
00:34:52,800 --> 00:35:01,000
Speaker 4: down payment on ninety thousand dollars. Dude, at least a

693
00:35:01,000 --> 00:35:04,600
Speaker 4: half a million dollar home. I think that's a nice

694
00:35:04,600 --> 00:35:07,200
Speaker 4: start for a family who's looking to buy a home

695
00:35:07,239 --> 00:35:09,840
Speaker 4: in America. Have so many dollars from home, and you

696
00:35:10,080 --> 00:35:12,120
Speaker 4: could put down ninety k that.

697
00:35:13,040 --> 00:35:15,720
Speaker 2: Metropolis like a New York or LA trying to find property.

698
00:35:15,719 --> 00:35:17,359
Speaker 4: But you know, oh yeah, yeah, if you're in New

699
00:35:17,440 --> 00:35:20,319
Speaker 4: York or LA, it's extremely different. But also where you

700
00:35:20,360 --> 00:35:22,279
Speaker 4: live is also a decision you have to make.

701
00:35:22,360 --> 00:35:24,600
Speaker 3: But another thing you said, de Val is also working together,

702
00:35:24,600 --> 00:35:26,279
Speaker 3: because Sean, we get a lot of couples who write

703
00:35:26,280 --> 00:35:28,600
Speaker 3: in just for our listener letters, and you know such

704
00:35:28,680 --> 00:35:31,360
Speaker 3: and they are asking advice because one person in the

705
00:35:31,400 --> 00:35:34,000
Speaker 3: couple tends to be a little bit more financially savvy,

706
00:35:34,120 --> 00:35:36,759
Speaker 3: or may have more business acumen than the other, or

707
00:35:36,760 --> 00:35:38,719
Speaker 3: one tends to be more of a spender than the

708
00:35:38,760 --> 00:35:42,040
Speaker 3: other and doesn't understand the sacrifice involved. And we've been

709
00:35:42,080 --> 00:35:44,839
Speaker 3: there too, Sean, you know that for sure, where Deval

710
00:35:44,880 --> 00:35:46,520
Speaker 3: and I have had our moments where you know, if

711
00:35:46,520 --> 00:35:48,760
Speaker 3: he's had to school me on certain things, or Shawn's

712
00:35:48,800 --> 00:35:50,439
Speaker 3: had to call me and say, hey, you know, what's

713
00:35:50,440 --> 00:35:53,600
Speaker 3: the budget, what's the plan? So being on the same page,

714
00:35:53,640 --> 00:35:55,520
Speaker 3: I think is also very important if you're trying to

715
00:35:56,040 --> 00:35:59,680
Speaker 3: legacy and wealth build with somebody that's a relationship for sure.

716
00:36:00,560 --> 00:36:03,000
Speaker 4: I think we might have lost se On. We were

717
00:36:03,000 --> 00:36:04,560
Speaker 4: on our way to closing out anyway, but I think

718
00:36:04,600 --> 00:36:06,840
Speaker 4: we might have lost se On. Yeah, we lost on

719
00:36:06,920 --> 00:36:10,719
Speaker 4: there his internet. We might be able to get him back.

720
00:36:11,080 --> 00:36:13,680
Speaker 4: He's sacrificing on the internet as well. That's part of

721
00:36:13,719 --> 00:36:14,840
Speaker 4: his wealth building plans.

722
00:36:14,920 --> 00:36:17,560
Speaker 3: Now he's trying to sabotage us, giving all the secrets,

723
00:36:17,560 --> 00:36:21,120
Speaker 3: the tips and tricks to be wealthy black people be aware.

724
00:36:21,440 --> 00:36:23,960
Speaker 4: But no, but that's actually a key. When people asked

725
00:36:24,000 --> 00:36:26,520
Speaker 4: me how I was able to do certain things. I

726
00:36:26,560 --> 00:36:28,880
Speaker 4: bought property early and it was time for us to

727
00:36:28,880 --> 00:36:31,279
Speaker 4: make some moves. I cashed in on those properties to be.

728
00:36:31,239 --> 00:36:33,399
Speaker 3: Able to pivot because at the time I remember too

729
00:36:33,440 --> 00:36:35,960
Speaker 3: Sean saying, like certain investments that you wanted to make,

730
00:36:36,000 --> 00:36:39,000
Speaker 3: for example, buying your grandparents' house is not necessarily the

731
00:36:39,000 --> 00:36:42,319
Speaker 3: best financially sound investment because it didn't really do much

732
00:36:42,360 --> 00:36:42,640
Speaker 3: for you.

733
00:36:42,719 --> 00:36:44,160
Speaker 2: But I mean, I think you had to write off

734
00:36:44,160 --> 00:36:44,440
Speaker 2: in it.

735
00:36:44,800 --> 00:36:46,719
Speaker 1: Yeah, I used it as a couple of write offs.

736
00:36:46,920 --> 00:36:49,719
Speaker 4: I use it appreciation to write off my taxes and

737
00:36:49,719 --> 00:36:52,799
Speaker 4: stuff like that. But also the property over time, because

738
00:36:52,840 --> 00:36:54,840
Speaker 4: I held on to the property for I think twelve

739
00:36:54,920 --> 00:36:58,399
Speaker 4: thirteen years, built a small amount of equity, so when

740
00:36:58,400 --> 00:37:00,799
Speaker 4: I sold it, I was able to get about thirty thousand.

741
00:37:00,520 --> 00:37:01,919
Speaker 2: Dollars and also build credit too.

742
00:37:02,440 --> 00:37:04,600
Speaker 4: It helped me build my credit, help you building credits

743
00:37:04,600 --> 00:37:06,640
Speaker 4: and the Michigan property.

744
00:37:06,680 --> 00:37:08,440
Speaker 1: And this is also to tell y'all the truth.

745
00:37:08,680 --> 00:37:10,360
Speaker 4: Part of the reason why when we had the topic

746
00:37:10,400 --> 00:37:13,120
Speaker 4: about the house of the wedding, Coadem picked the wedding

747
00:37:13,160 --> 00:37:16,080
Speaker 4: is because we already owned two properties, so we were

748
00:37:16,120 --> 00:37:18,480
Speaker 4: thinking about buying our dream house, but we still already

749
00:37:18,520 --> 00:37:22,279
Speaker 4: owned two properties, so we were still very fiscally responsible

750
00:37:22,280 --> 00:37:25,160
Speaker 4: with that decision. Even though hindsight it wasn't the best

751
00:37:25,160 --> 00:37:27,520
Speaker 4: decision both when we were ready to move to LA,

752
00:37:28,000 --> 00:37:30,839
Speaker 4: I sold the Michigan property and now had access to

753
00:37:30,880 --> 00:37:31,440
Speaker 4: seventy K.

754
00:37:32,000 --> 00:37:33,640
Speaker 1: So you figured the thirty K to seventy K.

755
00:37:33,680 --> 00:37:35,640
Speaker 4: They gave us one hundred thousand dollars, which gave us

756
00:37:35,640 --> 00:37:38,439
Speaker 4: a next day to pivot and start rebuilding our life

757
00:37:38,480 --> 00:37:39,919
Speaker 4: in la and.

758
00:37:39,840 --> 00:37:43,439
Speaker 2: Taking the risks the risk for sure, So thank you, Sean.

759
00:37:43,480 --> 00:37:44,600
Speaker 2: I'm not sure if we're going to be able to

760
00:37:44,640 --> 00:37:45,400
Speaker 2: get him back.

761
00:37:48,120 --> 00:37:50,880
Speaker 1: Okay, what's going on?

762
00:37:50,960 --> 00:37:52,919
Speaker 5: Sorry guy, that's my cord and drove.

763
00:37:53,520 --> 00:37:55,560
Speaker 4: Oh, no, worry about, no where about. So actually no,

764
00:37:55,600 --> 00:37:58,720
Speaker 4: we were actually going to get ready to close out anyway.

765
00:37:58,760 --> 00:38:00,400
Speaker 4: I don't know if you hear your gods in the

766
00:38:00,400 --> 00:38:05,000
Speaker 4: background screaming like the lunatic. Yeah, we were getting ready

767
00:38:05,000 --> 00:38:05,400
Speaker 4: to close out.

768
00:38:05,440 --> 00:38:05,880
Speaker 1: And thank you.

769
00:38:06,480 --> 00:38:07,960
Speaker 4: During that time when you were going we were just

770
00:38:07,960 --> 00:38:10,560
Speaker 4: talking about how purchasing the homes early on in our

771
00:38:10,640 --> 00:38:13,719
Speaker 4: career actually helped us when we were getting ready to move.

772
00:38:14,120 --> 00:38:16,839
Speaker 4: But at the time we were like, we didn't see

773
00:38:16,840 --> 00:38:19,080
Speaker 4: the purpose of the investment, you know, and you and

774
00:38:19,120 --> 00:38:21,560
Speaker 4: I know we did it to help my family. But

775
00:38:22,320 --> 00:38:24,960
Speaker 4: over time, over those twelve or thirteen years, I was

776
00:38:25,000 --> 00:38:26,839
Speaker 4: able to use it as some write offs and get

777
00:38:26,840 --> 00:38:28,800
Speaker 4: some equity, so that when we were ready to pivot

778
00:38:29,200 --> 00:38:31,080
Speaker 4: in LA, it was like, Wow, this is actually an

779
00:38:31,120 --> 00:38:34,840
Speaker 4: okay long term investment. That's why it's always okay to

780
00:38:34,880 --> 00:38:36,040
Speaker 4: buy property and get.

781
00:38:35,840 --> 00:38:38,319
Speaker 2: Involved, to be aware of what's long term and short term.

782
00:38:38,440 --> 00:38:39,240
Speaker 2: Yeah for sure.

783
00:38:39,680 --> 00:38:42,560
Speaker 3: Well, Sean, I'm sure we could talk with you so

784
00:38:42,800 --> 00:38:46,200
Speaker 3: many different things when it comes to finance, wealth building

785
00:38:46,200 --> 00:38:48,719
Speaker 3: and all that good stuff. But just a little bit

786
00:38:48,760 --> 00:38:52,120
Speaker 3: of insight I think would be so helpful to our listeners.

787
00:38:52,120 --> 00:38:53,600
Speaker 2: So thank you for joining us to Dana.

788
00:38:53,680 --> 00:38:57,280
Speaker 3: You're a busy, busy man over there helping people juggle

789
00:38:57,360 --> 00:39:01,799
Speaker 3: all this money. Yeah, but we appreciate you so much.

790
00:39:01,880 --> 00:39:02,319
Speaker 2: We love you.

791
00:39:02,400 --> 00:39:05,040
Speaker 3: We thank you for everything that you love you bro,

792
00:39:05,600 --> 00:39:07,600
Speaker 3: and you continue to do for the culture of educating

793
00:39:07,719 --> 00:39:10,600
Speaker 3: us because you know, as a culture and as a community,

794
00:39:10,719 --> 00:39:12,799
Speaker 3: these are the things that we don't necessarily always share

795
00:39:12,840 --> 00:39:15,880
Speaker 3: with each other. So having platforms and forums like this

796
00:39:15,920 --> 00:39:16,600
Speaker 3: are so important.

797
00:39:16,600 --> 00:39:17,560
Speaker 1: And let me jump in real quick.

798
00:39:17,600 --> 00:39:22,160
Speaker 4: When I was fifteen, Sean had a He started doing

799
00:39:22,160 --> 00:39:25,240
Speaker 4: this wealth building stuff with us when I was fifteen.

800
00:39:25,360 --> 00:39:28,080
Speaker 4: I remember you came to Uncle Charles's house. It was me,

801
00:39:28,280 --> 00:39:31,399
Speaker 4: Jonathan DeVaughn, and it was about seven boy Scouts. And

802
00:39:31,440 --> 00:39:36,640
Speaker 4: it's funny when someone takes initiative into helping the youth

803
00:39:36,800 --> 00:39:38,680
Speaker 4: or helping people in the community, you don't know if

804
00:39:38,680 --> 00:39:41,640
Speaker 4: you're affecting everybody a one person, but I know at

805
00:39:41,640 --> 00:39:43,800
Speaker 4: that meeting, I was the one person that was listening

806
00:39:43,960 --> 00:39:47,279
Speaker 4: and now look, and it started from that. I was like, wow,

807
00:39:47,320 --> 00:39:49,960
Speaker 4: wealth building. And I was fifteen, and I remember, you know,

808
00:39:50,040 --> 00:39:51,400
Speaker 4: some of the kids just like, oh my gosh, so

809
00:39:51,440 --> 00:39:53,600
Speaker 4: what is this. I don't want to listen. And he

810
00:39:53,640 --> 00:39:57,120
Speaker 4: came with pamphlets, he had folders, and I remember looking

811
00:39:57,120 --> 00:39:57,360
Speaker 4: at this.

812
00:39:57,360 --> 00:39:59,319
Speaker 1: Stuff and thinking like that I can have more.

813
00:40:00,040 --> 00:40:02,600
Speaker 4: Ultimately, that's what we want our listeners to understand, that

814
00:40:02,680 --> 00:40:04,399
Speaker 4: you can have more, but it takes time.

815
00:40:04,440 --> 00:40:06,160
Speaker 1: So I love you, bro. I'm gonna give.

816
00:40:06,000 --> 00:40:08,480
Speaker 4: You your flowers because you've been on this and you've

817
00:40:08,520 --> 00:40:10,560
Speaker 4: been on me about this since I was young.

818
00:40:10,719 --> 00:40:14,440
Speaker 3: So I guess I could technically thank Sean because that's

819
00:40:14,480 --> 00:40:16,719
Speaker 3: one thing that's found very attractive about the Vale, y'all.

820
00:40:16,719 --> 00:40:19,880
Speaker 3: I'll tell y'all, he had business acumen and financial acumen

821
00:40:19,920 --> 00:40:21,360
Speaker 3: that I did not know about.

822
00:40:21,760 --> 00:40:24,160
Speaker 2: But I found it very, very, very sexy.

823
00:40:24,239 --> 00:40:25,759
Speaker 3: When he was telling me out all the plants he

824
00:40:25,840 --> 00:40:28,480
Speaker 3: had to buy a brownstone, leave in the bottom level,

825
00:40:28,719 --> 00:40:31,680
Speaker 3: rent out the top, make money, have passive income.

826
00:40:32,080 --> 00:40:36,879
Speaker 1: I was like, ooh, eighteen, Sean was telling me.

827
00:40:37,320 --> 00:40:40,200
Speaker 2: You Sean with you.

828
00:40:40,280 --> 00:40:43,080
Speaker 5: Yeah, look, you gotta have you gotta have dream. You

829
00:40:43,080 --> 00:40:47,000
Speaker 5: gotta dream. You gotta dream. You gotta latch onto your

830
00:40:47,080 --> 00:40:50,479
Speaker 5: dreams and and and and latch onto them and work,

831
00:40:50,680 --> 00:40:54,319
Speaker 5: work your butt off to to achieve them. You know,

832
00:40:54,400 --> 00:40:56,359
Speaker 5: if you if you come up short, if you come

833
00:40:56,400 --> 00:40:59,799
Speaker 5: up short, that's fine. You're still you're still knocking the

834
00:41:00,160 --> 00:41:02,120
Speaker 5: go off the ball, so you know.

835
00:41:02,200 --> 00:41:03,040
Speaker 1: But you're still in the game.

836
00:41:03,400 --> 00:41:04,960
Speaker 4: Even if you come up short, You're still in the

837
00:41:04,960 --> 00:41:07,240
Speaker 4: game as long as you don't quit. So you never fail,

838
00:41:07,719 --> 00:41:11,040
Speaker 4: you know, because you know what I went through, even

839
00:41:11,120 --> 00:41:13,799
Speaker 4: even buying properties early investing in the stock market when

840
00:41:13,840 --> 00:41:16,640
Speaker 4: the recession hit, I was down bad. I happen to

841
00:41:16,680 --> 00:41:19,360
Speaker 4: get cut during the worst time in the financial history

842
00:41:19,360 --> 00:41:22,600
Speaker 4: in America since the Great Depression. But we were able to,

843
00:41:22,800 --> 00:41:25,399
Speaker 4: with discipline and with your help, just build back.

844
00:41:25,640 --> 00:41:25,839
Speaker 6: YEP.

845
00:41:26,520 --> 00:41:28,759
Speaker 5: I wish there was a way to really express to

846
00:41:28,840 --> 00:41:32,600
Speaker 5: your listeners how hard it was, though, Like I don't

847
00:41:32,680 --> 00:41:34,319
Speaker 5: I don't know if that. I don't know if they

848
00:41:34,320 --> 00:41:38,000
Speaker 5: can connect where you guys are today without how hard

849
00:41:38,040 --> 00:41:40,319
Speaker 5: you had to work to get to where you are

850
00:41:40,360 --> 00:41:42,759
Speaker 5: today and how hard the journey is going to be

851
00:41:42,840 --> 00:41:47,000
Speaker 5: going forward. Everybody kind of looks at these things I feel,

852
00:41:47,440 --> 00:41:50,560
Speaker 5: and they just see the moment and they don't really

853
00:41:50,800 --> 00:41:55,880
Speaker 5: understand what it takes. Yeah, so I just you know,

854
00:41:56,000 --> 00:41:59,520
Speaker 5: I will, I guess in part of I would just say,

855
00:42:00,120 --> 00:42:03,560
Speaker 5: nect with your dreams and just be really ready to

856
00:42:03,680 --> 00:42:07,120
Speaker 5: work your ass off to hit to hit those goals,

857
00:42:07,560 --> 00:42:09,960
Speaker 5: because it's not going You can talk. I mean, I

858
00:42:10,000 --> 00:42:13,560
Speaker 5: tell my kids and my family, I hear you. You know,

859
00:42:13,920 --> 00:42:16,040
Speaker 5: I understand when you talk and you say you want

860
00:42:16,040 --> 00:42:20,600
Speaker 5: to do these things and show me, you know, show

861
00:42:20,680 --> 00:42:24,880
Speaker 5: me whatever it is, whatever that goal is, wherever you

862
00:42:24,960 --> 00:42:27,040
Speaker 5: want to do, whatever you want to do in life.

863
00:42:27,760 --> 00:42:30,479
Speaker 5: Let's take the steps now to get you get you there.

864
00:42:30,800 --> 00:42:35,000
Speaker 5: So you know, I guess that the closing stop really,

865
00:42:35,120 --> 00:42:37,719
Speaker 5: you know, I would, I would. I would encourage your

866
00:42:37,719 --> 00:42:41,560
Speaker 5: listeners to not focus on the now, just really connect

867
00:42:41,560 --> 00:42:43,680
Speaker 5: with the work that has to be done to get

868
00:42:43,680 --> 00:42:46,560
Speaker 5: you to your individual dream, your individual goal.

869
00:42:47,520 --> 00:42:52,239
Speaker 2: Dope, dope, and appreciate, thank you. So much, Sean. Thank you.

870
00:42:52,320 --> 00:42:54,239
Speaker 3: All Right, y'all, we're going to let Sean go and

871
00:42:54,320 --> 00:42:56,479
Speaker 3: we'll take a quick break and then we'll get back

872
00:42:56,480 --> 00:42:59,320
Speaker 3: into listener letters after we pay some bills because listen,

873
00:42:59,320 --> 00:43:01,640
Speaker 3: be talking money and it's got to get paid because.

874
00:43:01,440 --> 00:43:03,400
Speaker 2: They're definitely show up at your door step.

875
00:43:03,480 --> 00:43:06,120
Speaker 6: I love you, guys, love you to love you too, bro.

876
00:43:06,239 --> 00:43:06,719
Speaker 2: Thanks Bro.

877
00:43:06,760 --> 00:43:19,600
Speaker 6: We'll be back all right.

878
00:43:19,760 --> 00:43:23,400
Speaker 4: So we're back now today. Because of the length of

879
00:43:23,440 --> 00:43:25,000
Speaker 4: the show, we're only gonna do one listener letter.

880
00:43:25,120 --> 00:43:25,600
Speaker 2: Mm hmmm.

881
00:43:26,239 --> 00:43:27,040
Speaker 1: So I'm gonna start it out.

882
00:43:27,040 --> 00:43:28,560
Speaker 2: You ready, baby, Okay, go ahead. Do you know which

883
00:43:28,560 --> 00:43:29,040
Speaker 2: one are you gonna do?

884
00:43:29,239 --> 00:43:29,520
Speaker 1: Yes?

885
00:43:29,680 --> 00:43:34,520
Speaker 4: First things first, Pop, Please, First things first, I recently

886
00:43:34,520 --> 00:43:35,960
Speaker 4: started listening to your podcast.

887
00:43:36,000 --> 00:43:38,239
Speaker 1: I'm definitely not disappointed. Well, we appreciate you.

888
00:43:38,719 --> 00:43:42,880
Speaker 4: I'm literally starting from the beginning anyway. I'm only eighteen, wow,

889
00:43:42,960 --> 00:43:45,120
Speaker 4: and I graduate in a few months. I'm going into

890
00:43:45,120 --> 00:43:47,480
Speaker 4: the military and then I'm going to my dream college.

891
00:43:47,600 --> 00:43:50,680
Speaker 4: I'm currently with someone, and people classify young relationships as

892
00:43:50,719 --> 00:43:53,680
Speaker 4: puppy love, but you guys met young as well. I'm

893
00:43:53,760 --> 00:43:56,880
Speaker 4: like I like him a lot, maybe even love. I

894
00:43:56,960 --> 00:43:59,200
Speaker 4: just have so many things going for me. He's great,

895
00:43:59,320 --> 00:44:01,920
Speaker 4: with supporting me and I help him as well. So

896
00:44:02,000 --> 00:44:03,719
Speaker 4: my question to you guys is should I commit to

897
00:44:03,800 --> 00:44:06,279
Speaker 4: him or should I wait and see how everything plays out.

898
00:44:06,640 --> 00:44:08,239
Speaker 4: I want that young and grow to get the type

899
00:44:08,280 --> 00:44:11,200
Speaker 4: of love, but not everybody guys specifically want to commit

900
00:44:11,280 --> 00:44:12,399
Speaker 4: so young, you.

901
00:44:12,360 --> 00:44:14,360
Speaker 2: Know, Yeah, I know, yeah exactly.

902
00:44:14,719 --> 00:44:16,560
Speaker 3: I think we had a Listening letter in the Listening

903
00:44:16,640 --> 00:44:18,680
Speaker 3: Letter episodes where it was similar. It was the girl

904
00:44:18,680 --> 00:44:20,520
Speaker 3: who was twenty one and she was trying to think, like,

905
00:44:20,600 --> 00:44:22,319
Speaker 3: is this my soulmate? I feel like he might be,

906
00:44:22,600 --> 00:44:25,759
Speaker 3: And I'm always conflicted because I'm like, shoot, Kadeen now

907
00:44:25,880 --> 00:44:29,200
Speaker 3: at thirty nine, wants to tell her a girl, just.

908
00:44:29,239 --> 00:44:31,279
Speaker 2: Enjoy yourself, see how things play out.

909
00:44:31,719 --> 00:44:35,799
Speaker 3: You know, do you you know, be the individual, learn

910
00:44:35,880 --> 00:44:37,200
Speaker 3: who you are, learn.

911
00:44:37,280 --> 00:44:38,640
Speaker 2: What you like you know.

912
00:44:38,640 --> 00:44:41,319
Speaker 3: But then I'm also thinking about Kadeen at eighteen, who

913
00:44:41,360 --> 00:44:43,720
Speaker 3: was madly in love with this man after two weeks

914
00:44:43,760 --> 00:44:45,880
Speaker 3: and was just like, I love you, I want to

915
00:44:45,880 --> 00:44:46,399
Speaker 3: be with you.

916
00:44:46,880 --> 00:44:48,080
Speaker 2: Told my cousin I found my.

917
00:44:48,080 --> 00:44:51,880
Speaker 3: Husband, and here we are twenty something years later, literally

918
00:44:51,920 --> 00:44:55,040
Speaker 3: still together. But I will say the process was not easy.

919
00:44:55,080 --> 00:44:56,920
Speaker 3: And if you're a new listener and you're listening from

920
00:44:56,960 --> 00:45:01,200
Speaker 3: the beginning. Then you'll also learn about thou and my

921
00:45:01,400 --> 00:45:05,080
Speaker 3: struggle in so many different points of our relationship. Trying

922
00:45:05,120 --> 00:45:08,200
Speaker 3: to stay afloat is particularly in our book. We gave

923
00:45:08,200 --> 00:45:11,160
Speaker 3: our the story of how we met and how things

924
00:45:11,239 --> 00:45:13,120
Speaker 3: kind of played out over the course of the next

925
00:45:13,160 --> 00:45:14,160
Speaker 3: ten years after that.

926
00:45:14,600 --> 00:45:15,600
Speaker 2: What do you think, babe?

927
00:45:16,239 --> 00:45:17,120
Speaker 1: I think for.

928
00:45:18,800 --> 00:45:21,320
Speaker 4: An answer like this, you can't give a generic answer

929
00:45:21,560 --> 00:45:23,480
Speaker 4: a question like this. You know, I can't say yeah,

930
00:45:23,560 --> 00:45:26,960
Speaker 4: stick together, no, speak to each other if you want to.

931
00:45:27,080 --> 00:45:29,319
Speaker 4: If you want to stick it, first of all, don't

932
00:45:29,320 --> 00:45:30,359
Speaker 4: listen to nobody else.

933
00:45:30,560 --> 00:45:30,959
Speaker 2: That part.

934
00:45:31,360 --> 00:45:32,960
Speaker 1: If you listen to the people around you.

935
00:45:33,360 --> 00:45:35,200
Speaker 4: I don't know if you listen to Kadeen and I

936
00:45:35,320 --> 00:45:38,400
Speaker 4: story or if you Watchatima, everybody else around you was

937
00:45:38,440 --> 00:45:40,200
Speaker 4: going to give you some messed up advice about your

938
00:45:40,239 --> 00:45:41,799
Speaker 4: life because they're not in your life.

939
00:45:41,880 --> 00:45:42,160
Speaker 2: That's it.

940
00:45:42,239 --> 00:45:44,520
Speaker 4: The only person that knows about your life, and I'm

941
00:45:44,520 --> 00:45:47,360
Speaker 4: talking about Kadeen and I as well, is you. You

942
00:45:47,440 --> 00:45:50,279
Speaker 4: speak to that young man and y'all figure out what

943
00:45:50,360 --> 00:45:52,120
Speaker 4: type of life y'all want to live. If he says

944
00:45:52,120 --> 00:45:53,560
Speaker 4: he's in it for the long hold and he wants

945
00:45:53,560 --> 00:45:55,719
Speaker 4: to do it from young age, y'all work on doing

946
00:45:55,760 --> 00:45:56,719
Speaker 4: it and have fun doing it.

947
00:45:57,040 --> 00:45:58,279
Speaker 1: If he's telling you how, I don't know.

948
00:45:58,320 --> 00:45:59,919
Speaker 4: I want to take some time and I'm not sure,

949
00:46:00,800 --> 00:46:02,680
Speaker 4: give him his time, and you find somebody who you

950
00:46:02,680 --> 00:46:03,400
Speaker 4: want to build it with.

951
00:46:03,440 --> 00:46:06,719
Speaker 1: But the only person who has that answer, Mama, is you.

952
00:46:07,160 --> 00:46:07,959
Speaker 2: That is a fact.

953
00:46:08,280 --> 00:46:12,680
Speaker 3: So good luck to you, Sis. You know, it could

954
00:46:12,680 --> 00:46:14,680
Speaker 3: also be a thing where you guys just start working

955
00:46:14,680 --> 00:46:16,960
Speaker 3: together and then seeing how things go, you might end

956
00:46:17,040 --> 00:46:19,719
Speaker 3: up being great friends. Like Daval and I knew that

957
00:46:19,800 --> 00:46:21,960
Speaker 3: we didn't want to be together when we met each other.

958
00:46:22,040 --> 00:46:24,160
Speaker 3: That was like, that was like the thing.

959
00:46:24,280 --> 00:46:25,520
Speaker 1: I didn't want to be a boyfriend.

960
00:46:25,560 --> 00:46:27,239
Speaker 3: I didn't want to be a girlfriend. I wanted to

961
00:46:27,280 --> 00:46:29,239
Speaker 3: be in d streets having a good time. And then

962
00:46:29,280 --> 00:46:33,160
Speaker 3: there was that undeniable connection, that vibe, that energy that

963
00:46:33,200 --> 00:46:34,400
Speaker 3: we just could not shake.

964
00:46:34,920 --> 00:46:37,399
Speaker 2: So maybe see where things go. You know, you said you.

965
00:46:37,400 --> 00:46:40,320
Speaker 3: Like him a lot, you maybe even love You're not sure,

966
00:46:40,920 --> 00:46:43,200
Speaker 3: you know, see where it goes, see where it goes,

967
00:46:43,239 --> 00:46:46,200
Speaker 3: and just don't put too much pressure on yourself or

968
00:46:46,200 --> 00:46:47,920
Speaker 3: on him, because you got a lot of life ahead

969
00:46:47,920 --> 00:46:48,080
Speaker 3: of you.

970
00:46:48,640 --> 00:46:50,759
Speaker 2: All right, Sis, that was a pretty easy one.

971
00:46:50,880 --> 00:46:54,960
Speaker 3: Yeah, nice end to a great podcast episode. If you

972
00:46:55,000 --> 00:46:57,000
Speaker 3: want to be featured as one of our listener letters.

973
00:46:57,040 --> 00:47:00,000
Speaker 3: Be sure to email us at dead Ass Advice gmail

974
00:47:00,320 --> 00:47:00,920
Speaker 3: dot com.

975
00:47:00,960 --> 00:47:03,239
Speaker 4: That's D E A D A S S A d

976
00:47:03,440 --> 00:47:06,479
Speaker 4: V I C at gmail dot com.

977
00:47:06,480 --> 00:47:07,560
Speaker 2: All right, Moment of true time.

978
00:47:07,600 --> 00:47:12,920
Speaker 3: We're talking estate building, legacy building savings with Sean Freeman

979
00:47:12,960 --> 00:47:16,719
Speaker 3: today with people who are trying to do that.

980
00:47:16,960 --> 00:47:17,600
Speaker 1: Moment of truth.

981
00:47:17,640 --> 00:47:18,439
Speaker 2: Moment of truth time.

982
00:47:18,520 --> 00:47:24,560
Speaker 4: Takes three things to build wealth, discipline, time, and a strategy.

983
00:47:25,560 --> 00:47:30,320
Speaker 4: And I'll put in this order discipline, a strategy, and time.

984
00:47:30,920 --> 00:47:34,239
Speaker 4: If you have those three things, you can definitely build wealth.

985
00:47:34,280 --> 00:47:36,839
Speaker 4: It doesn't matter what type of job you have. Give

986
00:47:36,880 --> 00:47:38,680
Speaker 4: yourself greats along the way, because it's going to be

987
00:47:38,680 --> 00:47:41,360
Speaker 4: ebbs and flows. But you got to have discipline, You

988
00:47:41,440 --> 00:47:43,279
Speaker 4: got to give yourself time, and you have to have

989
00:47:43,320 --> 00:47:44,560
Speaker 4: a strategy that's.

990
00:47:44,440 --> 00:47:45,120
Speaker 2: A really good one.

991
00:47:45,160 --> 00:47:47,040
Speaker 3: Based on the conversation, I'm going to speak to people

992
00:47:47,120 --> 00:47:52,719
Speaker 3: who are possibly single, possibly in relationships, couples. I think

993
00:47:52,719 --> 00:47:57,520
Speaker 3: it's important to have conversations early on about finances, business acumen,

994
00:47:57,680 --> 00:48:01,120
Speaker 3: financial acumen goals when it comes to finances, because that

995
00:48:01,160 --> 00:48:04,680
Speaker 3: tends to be the number one stress stressor within relationships.

996
00:48:04,719 --> 00:48:06,880
Speaker 3: Absolutely so, just making sure that you're on the same

997
00:48:06,960 --> 00:48:12,200
Speaker 3: page about the trajectory of your finances, the investments that

998
00:48:12,239 --> 00:48:15,480
Speaker 3: you plan to make, how you're planning to pool money

999
00:48:15,480 --> 00:48:17,640
Speaker 3: together or divide money, because that tends to be an

1000
00:48:17,640 --> 00:48:21,439
Speaker 3: issue sometimes for couples. Just having the conversations early on

1001
00:48:22,440 --> 00:48:24,920
Speaker 3: will help to alleviate I think, some of the stress

1002
00:48:25,239 --> 00:48:27,040
Speaker 3: in the long run, because if you're not on the

1003
00:48:27,080 --> 00:48:30,040
Speaker 3: same page upfront about what your financial journey is going

1004
00:48:30,040 --> 00:48:32,640
Speaker 3: to look like, it can be a real detriment to

1005
00:48:32,719 --> 00:48:35,799
Speaker 3: your life and to your relationship. So having those conversations

1006
00:48:35,840 --> 00:48:39,120
Speaker 3: early on, I think is super super important, and try

1007
00:48:39,160 --> 00:48:41,160
Speaker 3: to learn from each other because usually, like I said,

1008
00:48:41,200 --> 00:48:43,040
Speaker 3: in a relationship, one person may be a little bit

1009
00:48:43,080 --> 00:48:46,439
Speaker 3: more financially savvy than the other. And in our case,

1010
00:48:46,480 --> 00:48:48,160
Speaker 3: it was de Val who was as we can see,

1011
00:48:48,200 --> 00:48:50,600
Speaker 3: because Sean was speaking to him early on, and those

1012
00:48:50,640 --> 00:48:52,279
Speaker 3: are things that stuck with him that he was able

1013
00:48:52,320 --> 00:48:55,120
Speaker 3: to apply to his life and then in turn to mind.

1014
00:48:55,200 --> 00:48:57,959
Speaker 3: So be open minded about it and have those conversations.

1015
00:48:58,000 --> 00:49:01,920
Speaker 3: Transparency is very key, especially with finances.

1016
00:49:01,480 --> 00:49:04,279
Speaker 4: By property investing your four on one K, if your

1017
00:49:04,280 --> 00:49:07,080
Speaker 4: company's going to match it, you put in fifteen thousand,

1018
00:49:07,080 --> 00:49:09,960
Speaker 4: they're going to put in fifteen thousand. That's fifteen thousand.

1019
00:49:10,000 --> 00:49:11,799
Speaker 4: You get free and you get to write it off

1020
00:49:11,800 --> 00:49:14,040
Speaker 4: on your taxes period. And oh, this is the last

1021
00:49:14,040 --> 00:49:16,360
Speaker 4: thing I will say. Oh, don't be afraid to go

1022
00:49:16,480 --> 00:49:20,000
Speaker 4: into your four on one K. If you have a

1023
00:49:20,040 --> 00:49:22,960
Speaker 4: good financial plan that's going to use that money, you

1024
00:49:23,000 --> 00:49:26,560
Speaker 4: do not have to wait until you sixty five. I've

1025
00:49:26,600 --> 00:49:28,680
Speaker 4: done this. I've seen plenty of people done this, and

1026
00:49:28,680 --> 00:49:32,040
Speaker 4: I've helped them with this. Take the penalty if did

1027
00:49:32,080 --> 00:49:34,080
Speaker 4: you know the reward is going to be greater than

1028
00:49:34,120 --> 00:49:38,120
Speaker 4: the penalty that you paid. And that's I had a

1029
00:49:38,120 --> 00:49:41,400
Speaker 4: friend had a friend years ago who was just like

1030
00:49:41,400 --> 00:49:43,960
Speaker 4: the vialle I'm thinking about opening up a subway and

1031
00:49:44,000 --> 00:49:45,520
Speaker 4: I was just like, okay, what's toping? So I don't

1032
00:49:45,560 --> 00:49:49,040
Speaker 4: have the capital, So I was like, you have four

1033
00:49:49,080 --> 00:49:50,920
Speaker 4: one K. He's like, yeah, but that's for my retirement.

1034
00:49:51,000 --> 00:49:52,880
Speaker 4: I said, well, list at the subway party of retirement.

1035
00:49:53,960 --> 00:49:55,319
Speaker 4: So if you got money in the four on one

1036
00:49:55,400 --> 00:49:58,319
Speaker 4: K and it's gaining interest, what if you took out

1037
00:49:58,320 --> 00:50:00,560
Speaker 4: a part of it invested in a sub and now

1038
00:50:00,600 --> 00:50:02,080
Speaker 4: that subway is making you more of.

1039
00:50:02,080 --> 00:50:03,960
Speaker 1: A return than you're four one k? And he was like, oh,

1040
00:50:04,040 --> 00:50:04,719
Speaker 1: you know what that's right.

1041
00:50:04,719 --> 00:50:06,360
Speaker 2: A lot of people are scared it for one K.

1042
00:50:06,480 --> 00:50:09,240
Speaker 1: Guess how many subways he got now three?

1043
00:50:09,320 --> 00:50:09,879
Speaker 2: Shut up?

1044
00:50:10,120 --> 00:50:11,439
Speaker 1: Started with one, Now he got three?

1045
00:50:11,520 --> 00:50:13,560
Speaker 2: All right, good shit, so we aired.

1046
00:50:13,600 --> 00:50:17,279
Speaker 3: Folks inspired, be sure to follow us on Patreon to

1047
00:50:17,320 --> 00:50:20,600
Speaker 3: see exclusive dead Ass podcast video content, and follow us

1048
00:50:20,600 --> 00:50:23,239
Speaker 3: on social media. You can find the podcast page dead

1049
00:50:23,280 --> 00:50:26,319
Speaker 3: Ass the Podcast on Instagram and I am Kadine, I

1050
00:50:26,360 --> 00:50:26,919
Speaker 3: am and.

1051
00:50:26,960 --> 00:50:29,759
Speaker 4: I am Devout And if you're listening on Apple Podcasts,

1052
00:50:29,760 --> 00:50:32,760
Speaker 4: be sure to rate, review, and subscribe.

1053
00:50:32,960 --> 00:50:35,360
Speaker 2: That's it, baby, and get his money, all right.

1054
00:50:35,360 --> 00:50:36,120
Speaker 1: Dead Ass.

1055
00:50:36,760 --> 00:50:39,840
Speaker 4: Dead Ass is a production of iHeartMedia podcast Network, and

1056
00:50:39,880 --> 00:50:43,480
Speaker 4: it's produced by Donor Opinia and Triple. Follow the podcast

1057
00:50:43,520 --> 00:50:46,120
Speaker 4: on social media at dead Ass the Podcast and never

1058
00:50:46,200 --> 00:50:46,880
Speaker 4: miss a Thing.