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Speaker 1: This is our studio.

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Speaker 2: I got that.

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Speaker 1: We're going with this set up right here. We're gonna

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Speaker 1: shoot some TV. Out of here, we're gonna shoot some movies.

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Speaker 1: We got a couple of shows that we produce outside

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Speaker 1: of this in the studio.

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Speaker 2: We should have walked you around.

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Speaker 3: Here is just our hood for us to create. Can't

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Speaker 3: nobody tell.

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Speaker 2: Us no, I got that before we do it. Let's

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Speaker 2: let's give him a quick But it's but it's the

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Speaker 2: music business. It's the show business. It's a business of

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Speaker 2: so doing the creative. That's great, and that's in the moment,

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Speaker 2: that's beautiful. But I'm talking about licensing rights, publishing rights, publishing.

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Speaker 2: You have publishing deals, you have licensing deals.

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Speaker 3: We have a licensing deal with who Black Effect, Black Effects.

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Speaker 3: That's great when it comes to the audio. So that's

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Speaker 3: the only deal we got.

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Speaker 2: I'm on the board of Black Effect, you know what

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Speaker 2: I'm saying.

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Speaker 4: So that's a good We do need help with Brandon

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Speaker 4: deals in those aspects and of the deals.

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Speaker 1: We are sponges. We learned. We just some young entrepreneurs

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Speaker 1: who took an opportunity, took the little money we did make,

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Speaker 1: and when we were slipping in it to the ownership, and

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Speaker 1: we need to have a conversations like this.

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Speaker 2: What you guys are done in bread Man, I just

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Speaker 2: want you to go from I've said a lot of frustrating.

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Speaker 2: I've observed a lot of frustrating I can't in the

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Speaker 2: last week of people who who are young, temporarily successful

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Speaker 2: and actually think that they know what the fuck's going on.

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Speaker 2: In reality, God gave you two ears and one mouth.

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Speaker 2: You listen twice as much as you talk. And the

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Speaker 2: and the guy who was doing the talking, who was

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Speaker 2: referred to me by Killer Mike, didn't know shit about

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Speaker 2: what he was talking about. But he was talking to

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Speaker 2: somebody who has built the ship that he's talking about.

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Speaker 2: And it didn't bother me because I'm gonna be fine.

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Speaker 2: But this guy, I literally believe this guy who was

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Speaker 2: coming back and forth with me, he's making seven figures

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Speaker 2: right now, He's gonna be broken five years because he

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Speaker 2: just runs his mouth too much. So what we have mastered,

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Speaker 2: we've mastered hustle, we mastered the bag, we've mastered making money,

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Speaker 2: but we don't know how to build wealth. You make

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Speaker 2: money during the day, you build wealth in your sleep.

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Speaker 1: This is gonna be my first question, though, where is

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Speaker 1: the black wealth.

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Speaker 2: There is no black wealth. It's only green wealth. So

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Speaker 2: if you want black wealth, you create green wealth and

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Speaker 2: you take and you go back into your Black community

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Speaker 2: with your philanthropy and with your investments, and you build

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Speaker 2: up your community. But you don't see Jewish people saying

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Speaker 2: I want a Jewish customer. You don't see white people

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Speaker 2: are Asian people saying, or latinos. He was saying, I

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Speaker 2: want Latino customers. You want every customer you can get.

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Speaker 2: You want to get every dollar you can get, and

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Speaker 2: then you take that. You're a great business person who

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Speaker 2: happens to be black. If Obama was a black president,

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Speaker 2: and that would have been president. Now the last two

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Speaker 2: years of his legacy, he reaffirmed his black legacy, but

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Speaker 2: he had to appeal to everybody in order to become

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Speaker 2: president of United States Black. Ninety six percent of Black

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Speaker 2: businesses don't happen in ninety six percent. Most of our

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Speaker 2: Black community is consumer spending. Most of the one point

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Speaker 2: seven trillion dollars is consumer spending. We don't own shit.

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Speaker 2: We talk shit. We make a dollar, but it doesn't circulate,

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Speaker 2: but one time in our community, then it's out. We're

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Speaker 2: rocking the micro we don't own it. Forty four percent

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Speaker 2: of us own a home compared to seventy five percent

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Speaker 2: of white folks. But the number one you build home ownership,

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Speaker 2: build wealth in America without question is home ownership, without question.

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Speaker 2: But if you talk to a lot of us, we say,

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Speaker 2: oh shit, I don't want to know. I don't own

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Speaker 2: the home. The bank owned the home. Thing. Shut the

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Speaker 2: fuck up. You own that if you don't pay, the

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Speaker 2: bank owns a home. But the entire tax policy in

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Speaker 2: America is designed around home ownership, the entire tax policy.

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Speaker 2: So you give you a thirty year mortgage. By the way,

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Speaker 2: there has no billionaire. I talked to two of them today.

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Speaker 2: There's no billionaire three of them today. No billionaire. No

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Speaker 2: successful city, no successful county, no successful state, no successful country,

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Speaker 2: no successful company. That didn't do it on the back

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Speaker 2: of good debt. Mortgage is good debt. Good debt's tied

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Speaker 2: to something that appreciates. Bad debt is sided something that depreciates.

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Speaker 2: So you finance jewelry, that's a bad debt. Financing a

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Speaker 2: car typically that's a bad debt financing unless it's tied

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Speaker 2: to write a write off. But financing a home with

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Speaker 2: a thirty year mortgage, with twenty of those thirty years

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Speaker 2: you actually write off in interest payments. It's interest expense

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Speaker 2: what you write off against your income, which you get

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Speaker 2: back in a tax refund. Then you get the benefit

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Speaker 2: of the appreciation of the house. That's free equity. You

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Speaker 2: get the benefit of the depreciation. That's the tax benefit.

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Speaker 2: You get up basically some place to live. That's you're

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Speaker 2: also some going up in value because if they aren't

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Speaker 2: growing anywhere, land and real estate only goes up. But

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Speaker 2: only forty four percent of us own a home. But

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Speaker 2: we've been listening all this bullshit byle people saying don't

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Speaker 2: own a home. People on TV telling you not to

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Speaker 2: own a home. Own a home, the folks on CNBC

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Speaker 2: telling you that poor people working, cize people, minority shitting

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Speaker 2: on a home. I guarantee you if you do some

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Speaker 2: research or whoever that commentator is, they own one or

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Speaker 2: several homes. They want you to rent. They want this

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Speaker 2: group wants they want in five years, they want seventy

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Speaker 2: percent of the country to be renters and they will

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Speaker 2: be the honers. Capitalism is the gladiator sports, not personal.

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Speaker 2: It's just business. Have you make an emotional decision. It's

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Speaker 2: a bad one.

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Speaker 1: Let me ask you this about you know they having

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Speaker 1: a big answered.

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Speaker 2: I over answered your question.

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Speaker 1: I probably because that's what it is. I don't have

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Speaker 1: no lot of questions.

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Speaker 2: I told you it's this.

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Speaker 1: I just came here to listen because you know what

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Speaker 1: the fuck you talking about? And I need to hear

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Speaker 1: that shit.

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Speaker 2: Well, God give us two ears in one mouth, and

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Speaker 2: we listen to twice as much as we talk. So

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Speaker 2: so what I'm nosy as fuck from.

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Speaker 1: With the private equity buying up all of.

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Speaker 2: Don't get my cursing on the on camera? Please what

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Speaker 2: you mean? Don't get you don't cuss? No, it's not

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Speaker 2: not that's not that's your brand, it's not mine, all right,

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Speaker 2: So you want us to believe it up? You guys?

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Speaker 2: Tape it already, Yes, niggas, you gotta start now.

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Speaker 1: Sorry, we ain't wasting a word, and yeah, but we

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Speaker 1: got I was waiting for my tour, the mogul, the.

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Speaker 4: Chairman Tokyo talk, Hold on, hold on, Wait a minute, wute,

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Speaker 4: wait a minute.

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Speaker 3: We don't have a lot of niggas hit on the cap.

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Speaker 5: No, this is not a nigga that No, no, no,

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Speaker 5: I mean no, no, no, yes, sir, We're not doing

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Speaker 5: none of that today.

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Speaker 2: D C.

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Speaker 1: We got the chairman in here with us today.

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Speaker 3: Man, all right, we got to keep it.

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Speaker 1: We got to keep it all the way thorough. This

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Speaker 1: ain't an episode. This is a class. This is a

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Speaker 1: crass class, a master class.

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Speaker 2: But I am from Compton, years from Compton.

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Speaker 1: Don't bring the Compton out none other than mister John.

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Speaker 3: In the trap. Like money right here, man, you know

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Speaker 3: what I'm.

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Speaker 1: Saying, No cap, not just money, currency, wealth, wealth, allation.

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Speaker 2: All of it.

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Speaker 1: Welcome to the AA fast.

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Speaker 2: Thank you, brother. Money is actually pretty irrelevant right off

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Speaker 2: the top. I mean, we obsessed about money, to bag

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Speaker 2: the dollar, it, all that stuff. It's really it's it's

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Speaker 2: rearranging the deck Taors and the Titanic. All money is

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Speaker 2: is an exchange of value. So if I take your

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Speaker 2: your hoodie off, and on the back of your back

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Speaker 2: of your hoodie, I write pay to the order of

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Speaker 2: and I put your routing number for your checking account,

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Speaker 2: put your checking account number, put in an amount, sign

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Speaker 2: it and date it. You can take your hoodie off

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Speaker 2: and go down to the bank. And they'd sit there

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Speaker 2: scratching their head trying to figure out whether they are

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Speaker 2: legally obligated to cast your hoodie, because it's the check

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Speaker 2: that we Up until five years ago, everybody would write checks.

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Speaker 2: That checkbook was simply a way to transfer the value

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Speaker 2: of the money that you have sitting somewhere, that you own.

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Speaker 2: So now it's an ATM card, or it's a debit card,

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Speaker 2: or it's a digital card, but all of it is

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Speaker 2: just a means to transfer value. The question is not

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Speaker 2: what are you transferring the value? What are you transferring

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Speaker 2: it for? Or two? Because money has velocity, so that

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Speaker 2: cash flow cash flow making a living, So we make

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Speaker 2: a living and we use cash flow, and that cash

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Speaker 2: is flowing. It's either flowing to dumb shit or so

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Speaker 2: wise decisions, but it's flowing. That's why seventy percent. I

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Speaker 2: love the seventy percent numbers. Historic. Seventy percent of all

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Speaker 2: those who are in the NFL and NBA are bankrupt

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Speaker 2: five years after retirement.

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Speaker 1: Do any of them ever reach out to youth for

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Speaker 1: any case?

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Speaker 2: Yeah, yeah I do. I'm really really proud of a

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Speaker 2: lot of a lot of strong brothers, and I don't

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Speaker 2: have the brother I don't have the permission to mention

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Speaker 2: their names. There's a couple of t I with Miami

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Speaker 2: mentioning his name, Killer Mike with Miami mentioning his name.

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Speaker 2: But the athletes, I don't want to miss your name

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Speaker 2: without there, without their permission. Stephen A Smith, Uh, et cetera.

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Speaker 2: There's a lot of brothers who call me and we

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Speaker 2: have real conversations. Charlemagne, we talk all the time, and

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Speaker 2: and I'm just really proud about how they're really really

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Speaker 2: These brothers are really smart. They're really trying to become

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Speaker 2: like legit business people, and we have real conversations. And

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Speaker 2: when it's about their their the area, I shut up

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Speaker 2: and listen. And it's about my area. We don't need

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Speaker 2: to say that. They just shut up and listen, and

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Speaker 2: we chop it up and we just go back and forth.

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Speaker 2: I'm learning from them, they're learning from me. We're all

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Speaker 2: nosy as hell.

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Speaker 1: Let's take it back for all the people who watching

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Speaker 1: this show, and let's let's get a brief intro of how,

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Speaker 1: how and why and where you started all this.

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Speaker 2: I was tired of being I was tired of our people, brilliant, amazing,

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Speaker 2: genius broke. I was tired of the indignity. I grew

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Speaker 2: up in Compton, in South Central. My best friend was

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Speaker 2: murdered when I was nine. Sorry, I'm trying to just

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Speaker 2: took a minute, trying not to get emotional. Exactly whenever

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Speaker 2: I say it, I can see it. He his name

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Speaker 2: was George. He was a really smart guy, hung out

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Speaker 2: with a drug dealer next to me. His name was Tweet,

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Speaker 2: and started talking to light Tweet, walking light Tweet, acting

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Speaker 2: like Tweet, trying to be cool like Tweet, selling drugs

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Speaker 2: like Tweet. Got shot on somebody else's street corner, just

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Speaker 2: like Tweet, talking about this is my corner. The full

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Speaker 2: of the city owns the corner. You don't even own

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Speaker 2: the corner. And unless I mentioned George's name, Georgie's lost

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Speaker 2: the history. I've been mentioning his name, you know, for

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Speaker 2: forty years now, because if I don't mention his name,

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Speaker 2: he doesn't exist. Because our lives, too many people are disposable.

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Speaker 2: Because he never made it, made his mark. He was

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Speaker 2: smarter than me technically. Then I had the guy who

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Speaker 2: saved my life when I was six seven years old.

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Speaker 2: His name was Oc and my mother. My mom and

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Speaker 2: dad divorced over money when I was four or five

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Speaker 2: six years old in south Central, and my mother left

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Speaker 2: my bat my dad in Los Angeles and we owned

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Speaker 2: a gas station at anybody listening to your shirt watching

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Speaker 2: your show in La at gas station is still there,

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Speaker 2: Western and north Western and Vernon south East Corner. We

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Speaker 2: owned that gas station. We owned an eight unit apartment

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Speaker 2: building on martinother King Boulevard used to be called Santa Barbara.

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Speaker 2: We owned a home on that same street. We owned

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Speaker 2: a nursery business, We owned a semic contracting business. We

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Speaker 2: lost it all because my dad could make it but

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Speaker 2: couldn't keep it. My dad was that brother obsessed with

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Speaker 2: making that cash. But if you make a dollar, spend

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Speaker 2: a dollar fifty, the more money you make, the broker

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Speaker 2: you get. If your outflow sees your inflow, then your

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Speaker 2: overhead will be your downfall. And so my mother was

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Speaker 2: a great investor, great saveror My dad just thought she

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Speaker 2: was fine. Didn't realize that was his business partner, and

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Speaker 2: so he didn't give her the respect of partnership. Business.

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Speaker 2: It's right. Marriage was first business before it was anything else.

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Speaker 2: Six thousand years ago. It was a business arrangement. And

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Speaker 2: then it became spiritual, endowed with spirituality, and then it

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Speaker 2: became about she's fine, right, and we get all we

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Speaker 2: get all hooked on that she's fine and he's a

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Speaker 2: handsome part. You'll realize when the when the looks fall

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Speaker 2: away and the body drops, that's your business partner for life.

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Speaker 2: If she's dumb as rocks, you got a problem. So

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Speaker 2: it's not just about how fine you are, it is

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Speaker 2: what's your credit score. We had to make smart sexy again.

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Speaker 2: So my dad my mom because the number one course

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Speaker 2: cast her divorces money amongst everybody. Mom and dad over money.

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Speaker 2: I watched it, and so they broke up and they

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Speaker 2: lost everything. My dad lost everything. My mother went to

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Speaker 2: go live with a girlfriend of hers. Her girlfriend's boyfriend

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Speaker 2: was oc oc I was falling. I fell on his porch.

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Speaker 2: I was swallowing my tongue. I was I was six

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Speaker 2: seven years old. He saved my life. Hit me between

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Speaker 2: my shoulder blades, back of my neck, caused my throat,

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Speaker 2: my tongue to come forward. I was choking. So I

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Speaker 2: love this dude. Man, I ain't know him like this

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Speaker 2: is my hero. I didn't realize. Pride and Bastard Young

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Speaker 2: says that men and women fail for three reasons. Arrogance, pride,

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Speaker 2: and greed. I didn't realize that OC had pride, and

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Speaker 2: he didn't want to tell my mother that he couldn't

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Speaker 2: take care of his family in our family in his house.

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Speaker 2: At the same time, if he told my mother that

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Speaker 2: my mother was working Acdonald was aircraft, she would have

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Speaker 2: helped him. She would have pitched in. But he didn't

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Speaker 2: say that. He's like, I got it, I'm good, We're good. Well,

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Speaker 2: he wasn't good. He worked a regular job, but then

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Speaker 2: he had to get some extra money, so we ran

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Speaker 2: around the corner to sell some marijuana. He wasn't very

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Speaker 2: good at it, yea. And the guys who thought that

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Speaker 2: was that corner followed him home. And I'm sitting on

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Speaker 2: the porch waiting for the guy to come home who

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Speaker 2: saved my life. And they hit him in front of

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Speaker 2: me in the truck. I remember it was a lifted truck.

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Speaker 2: And they waited for him to get in front of

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Speaker 2: the house and we would get the full trauma and

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Speaker 2: get the message. And they hit him from behind and

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Speaker 2: dragged him. He was our bicycle, and they dragged him

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Speaker 2: down the street until he was dead, mangled the bike

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Speaker 2: and his body, and I could see it just like

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Speaker 2: I was talking to you like it happened yesterday. That

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Speaker 2: was over drugs. Well, I was really over money. So

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Speaker 2: the divorce was over money. My mom and dad fighting

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Speaker 2: was over money. We lost all our assets over financial

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Speaker 2: literacy because we didn't understand money. The guy who saved

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Speaker 2: my life lost his life over money. My best friend

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Speaker 2: was murdered over money. So by the time I was

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Speaker 2: nine years old, there was only one constant, money and

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Speaker 2: we didn't understand it. And I saw all these brilliant

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Speaker 2: people in my neighborhood, prison, probation, parole, death. I'm like, no, no,

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Speaker 2: I'm not going out like this. So I started looking around.

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Speaker 2: I became nosy, and I'm like, Okay, everything we've been

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Speaker 2: doing hasn't worked, so that's got to be another way.

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Speaker 2: It's got to be a way out of this. So

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Speaker 2: I went to school, and as God would have it,

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Speaker 2: this white banker came in the classroom and take financial literacy.

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Speaker 2: I know what that was. We didn't want him there,

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Speaker 2: he didn't want to be there. He came in once

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Speaker 2: a week. He had a beautiful suit on tie in stitching,

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Speaker 2: white shirt, chips and cotton red tie. Remember didn't get

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Speaker 2: this guy's name first week, it was like, yeah, man,

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Speaker 2: get out of here, like I don't want to be

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Speaker 2: here anyway. Second week he started talking about money. Third week,

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Speaker 2: I wore a suit just like him by Sunday suit

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Speaker 2: my mother made for me. Fourth week. Excuse me, sir,

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Speaker 2: what do you do for a living? And how'd you

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Speaker 2: get rich legally? I was dead serious. Excuse me yo

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Speaker 2: and everybody else playing around yo, yo yo? What do

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Speaker 2: you do for a living? You? How'd you get rich legally?

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Speaker 2: Because you got a nice car in the parking lot.

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Speaker 2: It's got tags on it, right, anybody chasing? You're here

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Speaker 2: in the middle of the day. My mother's working an

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Speaker 2: hourly job and McDonald willa's aircraft. She gets paid twelve

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Speaker 2: fifteen dollars an hour. She has a fifteen minute break

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Speaker 2: twice a day, plus lunch. She only shows up if

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Speaker 2: I tear my butt. She shows up. Other than that,

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Speaker 2: she can't. She can't just leave the job. You here

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Speaker 2: in the middle of the day. How you do that?

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Speaker 2: He says, It's called a salary. I don't know what

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Speaker 2: a salary is. He said. I'm a banker and our

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Speaker 2: finance entrepreneurs. I said, sir, I don't know what an

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Speaker 2: entrepreneur is I never heard that word my entire life.

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Speaker 2: I'm nine years old, and I'm curious. I'm nosy as hell.

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Speaker 2: But whatever it is, if it's legal and you're financing it,

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Speaker 2: I'm gonna be one. Over the dictionary. It's called a

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Speaker 2: Google search. Now over the dictionary entrepreneur French word build

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Speaker 2: something from nothing, create value? Okay? Through what capitalism? How?

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Speaker 2: Free enterprise system? Okay, well, so I go back, he says. Look,

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Speaker 2: I'm gonna be an entrepreneur, Thank you very much. By

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Speaker 2: the way. Just curious this banker thing you said you

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00:17:47,560 --> 00:17:50,680
Speaker 2: are pays money? Oh yeah, it pays really well? Okay, great,

335
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Speaker 2: any more like you? He laughed, What do you mean? No,

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Speaker 2: I'm serious, Like you said, your job is lending an

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Speaker 2: entrepreneur money. There's more than you, he said, service ten

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Speaker 2: thousand banks in America. Back then, there's got to be

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Speaker 2: a couple million bankers. I said, slow, we woa flow down.

340
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Speaker 2: Wait a minute. There's a couple million people whose job

341
00:18:13,000 --> 00:18:16,720
Speaker 2: it is to lend poor people money. And all I

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00:18:16,720 --> 00:18:18,400
Speaker 2: gotta do is prove you I can pay it back.

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Speaker 2: He says, yeah. So why did heare we shooting each other?

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Speaker 2: Why was it what's what's the shooting and the gang

345
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Speaker 2: banging and the murder and the mayhem and the because

346
00:18:31,119 --> 00:18:33,840
Speaker 2: all of drug dealer. A successful drug dealer is an

347
00:18:33,960 --> 00:18:37,920
Speaker 2: legal entrepreneur. He's not dumb, He's not stupid. He says,

348
00:18:37,960 --> 00:18:42,840
Speaker 2: a bad business plan. He understands import, export, finance, marketing, wholesale, retail,

349
00:18:42,920 --> 00:18:52,640
Speaker 2: customer service, security, territory, logistics, payroll, real estate are real estate, distribution, marketing, branding.

350
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Speaker 2: So we're not dumb. Is what we don't know? That

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00:18:56,880 --> 00:19:01,480
Speaker 2: we don't know, but we think we know. So that

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00:19:01,600 --> 00:19:05,880
Speaker 2: at that moment when he told me that, and then

353
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Speaker 2: I went on, I said, so if I if I

354
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Speaker 2: borrow money from you and I don't pay it back,

355
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Speaker 2: I don't get dead. And he see, you're not laughing

356
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Speaker 2: because you know what I'm talking about. He laughed. He said, look,

357
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Speaker 2: what are you talking about?

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Speaker 6: Now?

359
00:19:19,160 --> 00:19:21,400
Speaker 2: We issue a notice of default. I said, you give

360
00:19:21,440 --> 00:19:26,280
Speaker 2: me a piece of paper. I mean, this was mind

361
00:19:26,320 --> 00:19:29,240
Speaker 2: blowing to me. So okay, so how do I get

362
00:19:29,280 --> 00:19:34,000
Speaker 2: access to this money? We need good credit. Okay, that's

363
00:19:34,000 --> 00:19:36,200
Speaker 2: another thing for we need to look up. All right, Well,

364
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Speaker 2: Latin credit comes to Latin room work credit, though, which

365
00:19:39,000 --> 00:19:43,120
Speaker 2: means credibility. Capitalism comes to the Latin root word copy task,

366
00:19:43,200 --> 00:19:46,840
Speaker 2: which means knowledge in the head. Banking is a trust business.

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00:19:47,400 --> 00:19:50,000
Speaker 2: So what was slow down? Wait a minute, I need

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Speaker 2: credibility to access to access capital at the bank. Credibility, knowledge, trust,

369
00:19:59,200 --> 00:20:02,200
Speaker 2: Oh I can, I can? I can scrape that up right?

370
00:20:02,720 --> 00:20:05,080
Speaker 2: So I started my first business the next year. It

371
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Speaker 2: was a neighbor at candy house. And I'll tell you

372
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Speaker 2: the story, but I put the liquor store out of

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Speaker 2: the candy business in six weeks and made three hundred

374
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Speaker 2: dollars on I made three dollars a week on a

375
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Speaker 2: forty dollars investment. I'll tell you the story if you

376
00:20:19,000 --> 00:20:21,240
Speaker 2: want me to. But the point is I was hooked

377
00:20:21,600 --> 00:20:25,359
Speaker 2: on entrepreneurship. That was my way out, and I was

378
00:20:25,359 --> 00:20:30,159
Speaker 2: going to drag everybody with me. So my job today

379
00:20:30,440 --> 00:20:34,959
Speaker 2: is to be the plumber. My job in our community

380
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Speaker 2: is to be the economic plumber. We don't have plumbing.

381
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Speaker 2: We don't everybody else has plumbing. Every other culture has plumbing.

382
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Speaker 2: Something to plug into to get access capital, to get

383
00:20:46,440 --> 00:20:49,960
Speaker 2: an internship, to getting that office building, to do a

384
00:20:50,000 --> 00:20:53,840
Speaker 2: business deal, to buy a home, to get to get

385
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Speaker 2: your son or your daughter into a college or university,

386
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Speaker 2: but mostly to access capital and opportunity. Every other culture

387
00:21:01,560 --> 00:21:09,000
Speaker 2: has plumbing, except poor whites, Native American, Indians and African Americans.

388
00:21:09,400 --> 00:21:14,119
Speaker 2: We don't have plumbing. So I decided to create economic plumbing.

389
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Speaker 2: So I have fifteen hundred offices across the country, the

390
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Speaker 2: largest black male founded community based nonprofit in the US history.

391
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Speaker 2: That's my philanthropy Operation Hope. That's not where I make

392
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Speaker 2: my money. That's where I give it away. That's four

393
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Speaker 2: pointy five billion dollars we've invested in our neighborhood.

394
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Speaker 1: You see, you know what he said. That's not why

395
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Speaker 1: I make my money. That's why I can give it away.

396
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Speaker 3: I heard what he said. So I'm trying to be

397
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Speaker 3: over there in the part where you're giving it a

398
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Speaker 3: weird no.

399
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Speaker 2: No, you're smart enough to be over here to help

400
00:21:43,240 --> 00:21:44,880
Speaker 2: help figure out where to make the next the next

401
00:21:44,880 --> 00:21:47,760
Speaker 2: batch of it. I heard you earlier. You really you're

402
00:21:47,840 --> 00:21:51,000
Speaker 2: really smart. But you also know when to listen. And

403
00:21:51,320 --> 00:21:54,480
Speaker 2: part of life is knowing when to shut up. A

404
00:21:54,560 --> 00:21:56,479
Speaker 2: big part of life is knowing when to shut up

405
00:21:56,480 --> 00:21:59,600
Speaker 2: and listen. Uh. I followed the Ambassador Andrew Young for

406
00:21:59,640 --> 00:22:02,560
Speaker 2: a decade, all across this country. I'd buy a plane ticket,

407
00:22:02,640 --> 00:22:07,240
Speaker 2: figure out where he was speaking, and I'd chase him.

408
00:22:07,359 --> 00:22:10,199
Speaker 2: Quincy Jones. I had two heroes when I was growing up,

409
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Speaker 2: two guys I wanted to meet. I didn't know him.

410
00:22:12,320 --> 00:22:14,720
Speaker 2: It was only two. I want to be an international businessman,

411
00:22:15,000 --> 00:22:19,440
Speaker 2: but there was no black international businessman thirty years ago

412
00:22:19,640 --> 00:22:22,840
Speaker 2: that I knew of. So there was two brothers who

413
00:22:22,840 --> 00:22:27,600
Speaker 2: were international, Quincy Jones music and Andrew Young civil rights

414
00:22:27,600 --> 00:22:30,560
Speaker 2: and politics. I said, well, that's good enough. So I

415
00:22:30,800 --> 00:22:33,720
Speaker 2: made it my business to go be mentored by them.

416
00:22:33,760 --> 00:22:37,280
Speaker 2: But they didn't know me. So my job was how

417
00:22:37,280 --> 00:22:39,280
Speaker 2: do I get in front of Quincy Jones and Andrew Young?

418
00:22:39,480 --> 00:22:42,159
Speaker 2: And I just engineered. It took me ten years with

419
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Speaker 2: the Ambassador Young, it took me about a year and

420
00:22:44,320 --> 00:22:47,240
Speaker 2: a half to meet Quincy. And once I got there,

421
00:22:47,359 --> 00:22:49,400
Speaker 2: my job was to say just enough to impress them

422
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Speaker 2: and then they shut the fuck excuse me, shut up

423
00:22:52,720 --> 00:22:57,440
Speaker 2: and listen. And I'm still listening. I just talked to

424
00:22:57,520 --> 00:23:00,720
Speaker 2: Bassard Young yesterday and we were like this. Now, I'm

425
00:23:00,760 --> 00:23:03,199
Speaker 2: like a surrogate son. But last night when I was

426
00:23:03,200 --> 00:23:08,120
Speaker 2: with him, just listen, and I never stopped learning something

427
00:23:08,160 --> 00:23:12,240
Speaker 2: from these people. I was talking to three three billionaires today. Yeah,

428
00:23:12,240 --> 00:23:15,480
Speaker 2: they can learn something from me, and I guess that's

429
00:23:15,520 --> 00:23:17,159
Speaker 2: why I can't speak for them, but I think that

430
00:23:17,200 --> 00:23:20,400
Speaker 2: they learn something. But I certainly am learning something from it. Right,

431
00:23:20,480 --> 00:23:22,480
Speaker 2: So I'm I'm always here hustling.

432
00:23:23,480 --> 00:23:26,400
Speaker 1: Is what are those conversations like when it's when it's

433
00:23:26,400 --> 00:23:27,480
Speaker 1: three billionaires on.

434
00:23:27,440 --> 00:23:34,960
Speaker 2: The phone, Well, it was three separate conversations. But it's

435
00:23:35,040 --> 00:23:38,080
Speaker 2: very It's a great question because it's not what somebody

436
00:23:38,119 --> 00:23:42,240
Speaker 2: would think. It's not about money. See, they made it.

437
00:23:42,840 --> 00:23:44,720
Speaker 2: You can't spend that kind of money in your lifetime.

438
00:23:45,720 --> 00:23:48,399
Speaker 2: The question with them at this point, do I like you? Do?

439
00:23:48,440 --> 00:23:51,159
Speaker 2: I like you? I respect you? Do I admire you?

440
00:23:51,720 --> 00:23:54,359
Speaker 2: Do I feel good around you? You know? Do I

441
00:23:54,440 --> 00:23:56,399
Speaker 2: let my let my guard down? Or are you just

442
00:23:56,440 --> 00:23:58,639
Speaker 2: trying to get what I've got? If you if you're

443
00:23:58,680 --> 00:24:00,760
Speaker 2: trying to get what I have, don't get in You

444
00:24:00,760 --> 00:24:03,119
Speaker 2: don't even get that converse. If that's the vibe and energy,

445
00:24:03,480 --> 00:24:06,240
Speaker 2: Life's all about a relationship capital Like how did I

446
00:24:06,280 --> 00:24:11,560
Speaker 2: get to you? Guys? Charlemagne? He loves you, I love him.

447
00:24:12,119 --> 00:24:14,360
Speaker 2: He connects you. Brothers need to This is what I'm

448
00:24:14,359 --> 00:24:16,520
Speaker 2: talking about. This is this is what I'm talking about.

449
00:24:16,840 --> 00:24:22,520
Speaker 2: You guys need to connect boom text message, instant credibility.

450
00:24:22,520 --> 00:24:25,080
Speaker 2: We all know, okay, if this person's valuable, this person

451
00:24:25,600 --> 00:24:28,480
Speaker 2: then it's all good. Right. So it's like an underground

452
00:24:28,880 --> 00:24:36,000
Speaker 2: filtration system. If you hang around nine broke people, you'll

453
00:24:36,000 --> 00:24:41,040
Speaker 2: be the tenth. The opposite is also true. So successful

454
00:24:41,080 --> 00:24:45,240
Speaker 2: people want to hang around successful people, folks who are

455
00:24:45,240 --> 00:24:48,280
Speaker 2: in a transactional situation where there so there's a giver

456
00:24:48,560 --> 00:24:50,840
Speaker 2: in a relationship, whether it's a romantic relationship or a

457
00:24:50,840 --> 00:24:54,720
Speaker 2: business relationship. Here's a real answer your question. A giver

458
00:24:54,800 --> 00:24:59,600
Speaker 2: and a giver is exotic. A giver or taker is neurotic,

459
00:25:00,640 --> 00:25:05,280
Speaker 2: A taker or taker of psychotic. A lot of relationships

460
00:25:05,280 --> 00:25:11,080
Speaker 2: in our community are the last two neurotic and psychotic.

461
00:25:12,760 --> 00:25:17,320
Speaker 2: I like high frequency relationships. I'm trying to go up market.

462
00:25:17,600 --> 00:25:20,800
Speaker 2: That's a giver and a giver. That's who I'm married to.

463
00:25:21,280 --> 00:25:24,120
Speaker 2: That's who I hang around, that's who I flow with,

464
00:25:24,359 --> 00:25:27,000
Speaker 2: that's who I do business with. If I get if

465
00:25:27,040 --> 00:25:31,399
Speaker 2: I if I get any hint of toxicity, I'm gone.

466
00:25:31,520 --> 00:25:32,760
Speaker 2: I don't even I don't argue with you.

467
00:25:32,800 --> 00:25:34,240
Speaker 3: To argue with the food bruiser or two.

468
00:25:35,440 --> 00:25:38,320
Speaker 2: I don't get a debate with you. That's wasting my time.

469
00:25:38,320 --> 00:25:39,920
Speaker 2: You can waste my money, you can't waste my time.

470
00:25:39,920 --> 00:25:44,280
Speaker 2: I'm ruthless about my time. If I get any hint

471
00:25:45,720 --> 00:25:49,240
Speaker 2: that you're full of shit, I'm gone. You can do

472
00:25:49,280 --> 00:25:52,760
Speaker 2: that by myself, all by yourself. So these conversations are authentic.

473
00:25:53,520 --> 00:25:57,080
Speaker 2: It's a giver and a giver. We never talk about money,

474
00:25:57,520 --> 00:26:03,159
Speaker 2: oddly enough, but oddly enough do hanging out. These are

475
00:26:03,240 --> 00:26:07,160
Speaker 2: high achieving people. You end up doing stuff which ends

476
00:26:07,240 --> 00:26:11,240
Speaker 2: up producing the transfer of money as a gateway to

477
00:26:11,280 --> 00:26:14,800
Speaker 2: Bill Wells. Does that make sense? It makes sense, I'm

478
00:26:14,800 --> 00:26:19,320
Speaker 2: suddenly so in some ways we're having the I'm just

479
00:26:19,320 --> 00:26:21,600
Speaker 2: saying we're wasting a lot of time in our community.

480
00:26:21,640 --> 00:26:24,119
Speaker 2: We are ranging the check the deck chairs on the Titanic.

481
00:26:24,320 --> 00:26:28,320
Speaker 2: The ship is sinking, we're picking drapes. We're arguing about stuff.

482
00:26:28,440 --> 00:26:31,520
Speaker 2: First of all, we're arguing. There's a lot I did this,

483
00:26:31,520 --> 00:26:36,440
Speaker 2: this podcast, this post last week, and you go with

484
00:26:36,640 --> 00:26:39,639
Speaker 2: virals like almost two million views and it's like fifty

485
00:26:39,680 --> 00:26:42,080
Speaker 2: thousand shares. But if you look, I love the comments.

486
00:26:42,080 --> 00:26:43,959
Speaker 2: I'm always for the comments. You go in the comments.

487
00:26:44,000 --> 00:26:47,840
Speaker 2: That's normally I try to teach in the comments. I

488
00:26:47,880 --> 00:26:51,880
Speaker 2: found it hard to teaching these comments because folks who

489
00:26:51,920 --> 00:26:55,720
Speaker 2: are broke and tow up want to tell me about

490
00:26:55,760 --> 00:26:59,159
Speaker 2: what I'm talking about. Folks want to debate with me.

491
00:27:00,240 --> 00:27:02,240
Speaker 2: Something is irrelevant in the so I was saying that

492
00:27:03,400 --> 00:27:09,879
Speaker 2: poor neighborhoods are noisy as hell, wealthy neighborhoods tend to

493
00:27:09,920 --> 00:27:14,200
Speaker 2: be quiet. As somebody grew up in the hood, I

494
00:27:14,240 --> 00:27:16,359
Speaker 2: have a little credibility, I said, well, you know a

495
00:27:16,400 --> 00:27:19,119
Speaker 2: lot of black and brown neighborhoods and poor neighborhoods are

496
00:27:19,160 --> 00:27:22,480
Speaker 2: just too damn noisy. Then I said wealthy neighborhoods. Didn't

497
00:27:22,520 --> 00:27:26,719
Speaker 2: mention the race are quiet. Then I spent the bottom

498
00:27:26,760 --> 00:27:29,080
Speaker 2: half the back end of that post praising black people

499
00:27:29,119 --> 00:27:33,359
Speaker 2: clearly as a as you know, somebody I'm pitching for.

500
00:27:33,800 --> 00:27:37,679
Speaker 2: But all the comments want to obsess emotionally. Did you

501
00:27:37,720 --> 00:27:40,399
Speaker 2: just say the black community is a noisy What if

502
00:27:40,440 --> 00:27:46,240
Speaker 2: you want to say that it's mathematically correct? Half of

503
00:27:46,320 --> 00:27:50,040
Speaker 2: all black communities, sorry, half of all black people have

504
00:27:50,040 --> 00:27:53,919
Speaker 2: a credit score below six twenty. I'm gonna say that.

505
00:27:54,119 --> 00:27:56,639
Speaker 2: I'm gonna say I'm gonna slow that down. Take a

506
00:27:56,680 --> 00:28:01,920
Speaker 2: camera and tell I like mathema. It doesn't have an opinion.

507
00:28:02,040 --> 00:28:04,439
Speaker 2: I'm not emotional about this. It is what it is.

508
00:28:05,680 --> 00:28:08,560
Speaker 2: Let's not being emotional about stuff. This is the facts.

509
00:28:08,600 --> 00:28:12,359
Speaker 2: Are the facts. Half of Black America not poor people.

510
00:28:12,400 --> 00:28:15,280
Speaker 2: All of us have a credit score of six twenty,

511
00:28:15,400 --> 00:28:19,680
Speaker 2: which means you're probably seven point fifty. I'm seven seventy.

512
00:28:19,840 --> 00:28:22,240
Speaker 2: You're probably seventy ten. Are you're working at it or

513
00:28:22,320 --> 00:28:25,600
Speaker 2: at least six ninety, which means our cousin Pookie, them

514
00:28:25,760 --> 00:28:32,400
Speaker 2: and Jojo they're at five hundred ninety. You said it

515
00:28:32,440 --> 00:28:37,440
Speaker 2: so weird, So the average are high is dragging up.

516
00:28:37,760 --> 00:28:41,040
Speaker 2: They're low. So what I said is actually worse than

517
00:28:41,080 --> 00:28:44,240
Speaker 2: what I just said. The average credit score in Black

518
00:28:44,280 --> 00:28:48,560
Speaker 2: America forty million people, it's six twenty. What does that mean?

519
00:28:48,880 --> 00:28:52,320
Speaker 2: That means which I'm on police, brutality, racism, the President

520
00:28:52,360 --> 00:28:54,840
Speaker 2: of the United States wasting our time on stuff. We

521
00:28:54,960 --> 00:28:59,040
Speaker 2: can't control our effect. But whether you can pay your

522
00:28:59,080 --> 00:29:02,000
Speaker 2: bills or not is something you actually have some control over.

523
00:29:02,880 --> 00:29:04,400
Speaker 2: But that means that half of us wake up in

524
00:29:04,480 --> 00:29:06,520
Speaker 2: the morning locked out of the free enterprise system. You

525
00:29:06,520 --> 00:29:09,240
Speaker 2: can't get a decent car loan at six twenty. You

526
00:29:09,240 --> 00:29:11,000
Speaker 2: can go to car dealership and get a Mercedes, but

527
00:29:11,040 --> 00:29:16,040
Speaker 2: it'll be not a Mercedes, to be Mercedes. Payments eighteen

528
00:29:16,360 --> 00:29:19,480
Speaker 2: twenty seven forty percent interest. They wait for you. That's

529
00:29:19,480 --> 00:29:22,760
Speaker 2: a bomb. They can't wait for it to miss your

530
00:29:23,120 --> 00:29:25,400
Speaker 2: seventeenth payment so they can take the car back and

531
00:29:25,440 --> 00:29:28,200
Speaker 2: resell it. Can't wait for you to for the car

532
00:29:28,280 --> 00:29:31,080
Speaker 2: to break down because they use car because a car

533
00:29:31,160 --> 00:29:35,200
Speaker 2: dealership makes money three ways. Car sales, the least profitable

534
00:29:36,760 --> 00:29:42,480
Speaker 2: finance department, maintenance and let's see you a proper capitalist maintenance.

535
00:29:42,520 --> 00:29:44,720
Speaker 2: They can't wait for that to break down. But we

536
00:29:44,800 --> 00:29:47,120
Speaker 2: sitting there floss in the hall. I'm driving the Mercedes. No,

537
00:29:47,160 --> 00:29:53,160
Speaker 2: you're driving a Mercedes. Payments, you're driving a bomb. Six twenty.

538
00:29:53,240 --> 00:29:55,320
Speaker 2: You can't get a decent car loan six twenty. You

539
00:29:55,400 --> 00:29:58,320
Speaker 2: can't get a home loan, not a prime one. You

540
00:29:58,360 --> 00:30:00,240
Speaker 2: need seven hundred for that. Don't even talk put a

541
00:30:00,280 --> 00:30:02,560
Speaker 2: small business loan. That's risky credit. So we want to

542
00:30:02,600 --> 00:30:04,480
Speaker 2: go to the bank and say, oh, the bank's racist.

543
00:30:05,280 --> 00:30:08,000
Speaker 2: The bank may be racist, but let me tell you something.

544
00:30:08,600 --> 00:30:12,440
Speaker 2: I'm not lending you money at five eighty credit score

545
00:30:13,440 --> 00:30:16,320
Speaker 2: me and I love my people because you're a credit

546
00:30:16,440 --> 00:30:19,680
Speaker 2: risk and I've owned. I was the largest minority owner

547
00:30:19,680 --> 00:30:21,800
Speaker 2: of single family rental homes in America. I owned seven

548
00:30:21,960 --> 00:30:24,280
Speaker 2: hundred homes. Who was the Promise Homes guy? I sold

549
00:30:24,280 --> 00:30:26,120
Speaker 2: the company FO one hundred and twenty one million dollars

550
00:30:26,200 --> 00:30:28,440
Speaker 2: three years ago, but I owned seven hundred homes from

551
00:30:28,440 --> 00:30:30,600
Speaker 2: Atlanta all the way up to North Florida. I know

552
00:30:30,680 --> 00:30:33,680
Speaker 2: my people. I have four million clients at Operations Home.

553
00:30:33,760 --> 00:30:36,040
Speaker 2: I know my people and how we behave given the

554
00:30:36,120 --> 00:30:38,640
Speaker 2: right tools, we kill it. We've been doing so much

555
00:30:38,680 --> 00:30:40,760
Speaker 2: with so little for so long. We can almost do

556
00:30:40,840 --> 00:30:44,840
Speaker 2: anything with nothing. Where the rules of publishing the planets level,

557
00:30:45,000 --> 00:30:53,600
Speaker 2: we kill it. The arts, professional sports, faith, church, politics.

558
00:30:55,320 --> 00:30:57,240
Speaker 2: But no one told us the rules for capitalism or

559
00:30:57,280 --> 00:30:59,160
Speaker 2: free enterprise. But yet we want to go into my

560
00:30:59,240 --> 00:31:03,680
Speaker 2: comments and give me a lecture about something that's just

561
00:31:03,960 --> 00:31:08,000
Speaker 2: it's not even debatable. I'm sorry it breaks your heart

562
00:31:08,080 --> 00:31:12,959
Speaker 2: or hurts your feelings. Our communities are damn noisy. And

563
00:31:13,000 --> 00:31:16,960
Speaker 2: the reason I'm saying that is you can't create. You

564
00:31:17,000 --> 00:31:21,600
Speaker 2: cannot create a pattern is a monetized idea. You can't

565
00:31:21,600 --> 00:31:27,080
Speaker 2: be creative in noise. You cannot do anything when you're

566
00:31:27,240 --> 00:31:32,440
Speaker 2: distracted all the time with damn noise. You have to

567
00:31:32,560 --> 00:31:35,320
Speaker 2: quiet your mind. So I wasn't even talking about a

568
00:31:35,320 --> 00:31:39,280
Speaker 2: physical space. I was talking about a mental space. We

569
00:31:39,320 --> 00:31:42,240
Speaker 2: are sitting there arguing about some stuff that don't even

570
00:31:42,360 --> 00:31:45,960
Speaker 2: matter and missing the whole point. We're gonna have to

571
00:31:45,960 --> 00:31:49,280
Speaker 2: fight this battle from the shoulders up. This is useless,

572
00:31:49,320 --> 00:31:52,080
Speaker 2: this new battle. I even got into artificial intelligence, and

573
00:31:52,080 --> 00:31:54,600
Speaker 2: I've even't gotten into the future, which is gonna change

574
00:31:54,600 --> 00:31:56,880
Speaker 2: by twenty thirty. I'm just trying to get us out

575
00:31:56,880 --> 00:32:04,959
Speaker 2: of our trauma. As simple as it sounds, if all

576
00:32:05,000 --> 00:32:06,840
Speaker 2: we did is raise our credit score one hundred point

577
00:32:06,840 --> 00:32:09,480
Speaker 2: in the black community, you solve all of our problems.

578
00:32:10,880 --> 00:32:11,840
Speaker 1: Sounds simple, ton it.

579
00:32:12,800 --> 00:32:15,760
Speaker 2: I'm gonna say it again. I'm want to put my

580
00:32:15,880 --> 00:32:18,880
Speaker 2: net worth on this. You go to a five eighty

581
00:32:18,920 --> 00:32:21,320
Speaker 2: credit score neighborhood. Now I've never met any of you here.

582
00:32:22,000 --> 00:32:23,800
Speaker 2: You tell me if I'm wrong. You go out to it,

583
00:32:23,920 --> 00:32:25,560
Speaker 2: and you know the five and the credit card labor

584
00:32:25,680 --> 00:32:27,720
Speaker 2: looks like. Go to our neighborhood. Here's what you see.

585
00:32:29,160 --> 00:32:36,120
Speaker 2: Check Casher next to a petty loan lender, next to

586
00:32:36,200 --> 00:32:41,080
Speaker 2: rent on store, next to a title lender, card title

587
00:32:42,640 --> 00:32:46,640
Speaker 2: next to a pawn shot am I live yet Dollar general. Okay,

588
00:32:46,800 --> 00:32:48,760
Speaker 2: don't don't pick on them. They get their donor mind.

589
00:32:48,880 --> 00:32:52,120
Speaker 1: Okay, that's how you know shit getting bad though, when

590
00:32:52,120 --> 00:32:52,960
Speaker 1: you see that dollar.

591
00:32:53,720 --> 00:33:03,440
Speaker 2: Restaurants, liquor store, laundromat, coin op church, which is your neighborhood,

592
00:33:03,480 --> 00:33:07,360
Speaker 2: psychologists trying to keep even going postal on Monday. We

593
00:33:07,360 --> 00:33:09,480
Speaker 2: don't go to church anymore, which is making it worse

594
00:33:09,520 --> 00:33:12,440
Speaker 2: because now we're not even spiritual. We're not human bans

595
00:33:12,440 --> 00:33:15,840
Speaker 2: having a spiritual experience, where spiritual bans having a human experience.

596
00:33:16,160 --> 00:33:19,040
Speaker 2: Energy matters. But they got us all upsetts about money

597
00:33:19,040 --> 00:33:22,040
Speaker 2: and that dollar is in in all this stuff that

598
00:33:22,120 --> 00:33:24,880
Speaker 2: don't matter, and our and meanwhile, our soil is our

599
00:33:25,000 --> 00:33:29,200
Speaker 2: soul is falling away anyway. The church so many people

600
00:33:29,440 --> 00:33:32,040
Speaker 2: black people, you know, have you going to see a psychologist?

601
00:33:32,080 --> 00:33:33,560
Speaker 2: And I don't want to go to see this psychologists.

602
00:33:33,560 --> 00:33:35,920
Speaker 2: Somebody might think I'm crazy if you black, and don't

603
00:33:35,960 --> 00:33:38,960
Speaker 2: think you crazy. In America, you crazy. So we used

604
00:33:39,000 --> 00:33:40,760
Speaker 2: to go to church and get that out of our system.

605
00:33:41,840 --> 00:33:44,560
Speaker 2: We stopped doing that. So now you have this community

606
00:33:45,120 --> 00:33:50,160
Speaker 2: that's in a crisis. It's surviving mindset. It's noisy in

607
00:33:50,240 --> 00:33:54,840
Speaker 2: your brain. So now we're rearranged. Now we're just we

608
00:33:55,000 --> 00:33:58,160
Speaker 2: just we're just running in place and everybody trying to

609
00:33:58,200 --> 00:34:01,720
Speaker 2: get that bad get that dollar, that cats get that money, which,

610
00:34:01,760 --> 00:34:04,160
Speaker 2: as I told you from beginning, is nothing but a

611
00:34:04,200 --> 00:34:09,960
Speaker 2: transfer value of that boom. He's a quick learner. We're

612
00:34:10,000 --> 00:34:13,080
Speaker 2: not even building wealth. And the dollars circulating one time

613
00:34:13,080 --> 00:34:18,920
Speaker 2: in our community and it's gone, yeah, thank you, So

614
00:34:19,040 --> 00:34:21,800
Speaker 2: all I did. So. Then I said, okay, what's fifteen

615
00:34:21,840 --> 00:34:24,440
Speaker 2: minutes away from a five hundred credits corre neighborhood a

616
00:34:24,520 --> 00:34:27,279
Speaker 2: seven hundred credit score? Literally I mapped every zip code

617
00:34:27,320 --> 00:34:31,680
Speaker 2: America by credit score, and I found in an urban city,

618
00:34:32,480 --> 00:34:37,800
Speaker 2: literally fifteen minutes away from that hood are high rises Grandpaul,

619
00:34:38,520 --> 00:34:42,120
Speaker 2: the seven hundred credit score, neighborhoods, two parent households. It

620
00:34:42,120 --> 00:34:43,680
Speaker 2: doesn't matter what's black and white. By the way, this

621
00:34:44,000 --> 00:34:47,960
Speaker 2: works for, this works for is race neutral, two parent households.

622
00:34:49,360 --> 00:34:51,399
Speaker 2: You lived at eighty one years of age. By the way,

623
00:34:51,440 --> 00:34:53,680
Speaker 2: you lived at sixty one years of age in our neighborhoods.

624
00:34:54,000 --> 00:34:57,279
Speaker 2: If your credit score is below six hundred, you lived

625
00:34:57,280 --> 00:34:59,799
Speaker 2: a sixty one years of age, So security you don't get.

626
00:34:59,840 --> 00:35:01,040
Speaker 2: So security t is sixty.

627
00:35:00,800 --> 00:35:03,600
Speaker 1: Five don't need to live long enough to get none.

628
00:35:03,640 --> 00:35:06,640
Speaker 2: Hellong. So now it's a twenty year delta, a twenty

629
00:35:06,760 --> 00:35:12,960
Speaker 2: year life expectancy with a two hundred point increase in

630
00:35:12,960 --> 00:35:15,959
Speaker 2: credit score, which means you live five years for every

631
00:35:16,000 --> 00:35:21,400
Speaker 2: fifty point increase of your credit score fifteen minutes away

632
00:35:22,680 --> 00:35:26,640
Speaker 2: from the hood. And the hood is the wealthiest asset

633
00:35:26,719 --> 00:35:29,800
Speaker 2: in America. An inner city in France is called Paris.

634
00:35:31,040 --> 00:35:33,120
Speaker 2: An inner city in London is in the UK it's

635
00:35:33,160 --> 00:35:35,919
Speaker 2: called London an inner city. And it's in Turkey's called

636
00:35:36,040 --> 00:35:38,200
Speaker 2: is thinbull. I can do this all day and all night.

637
00:35:38,840 --> 00:35:41,960
Speaker 2: I love this. There's no rocket science in this. It's

638
00:35:41,960 --> 00:35:43,440
Speaker 2: just that we've been looking for love in all the

639
00:35:43,480 --> 00:35:47,600
Speaker 2: wrong places. What in Malcolm kesay, we've been bamboozoo. We've

640
00:35:47,600 --> 00:35:51,160
Speaker 2: been tricked, we've been fooled, we've been hoodwinked, we've been

641
00:35:51,200 --> 00:35:54,719
Speaker 2: a run amok. Let us straight, Let us straight. So

642
00:35:54,880 --> 00:35:59,840
Speaker 2: I believe we are brilliant. That's what I believe. With

643
00:36:00,080 --> 00:36:00,959
Speaker 2: the wrong business plan.

644
00:36:01,920 --> 00:36:04,080
Speaker 3: So what do you say to it? Because you know

645
00:36:04,120 --> 00:36:04,600
Speaker 3: I'm listening.

646
00:36:05,360 --> 00:36:07,680
Speaker 2: What do you say to by the way, anything I

647
00:36:07,800 --> 00:36:10,800
Speaker 2: say that doesn't make any sense? Or you just please

648
00:36:11,400 --> 00:36:13,640
Speaker 2: challenge me? In real time more difference.

649
00:36:14,000 --> 00:36:16,719
Speaker 4: What do you say to the average person that, like

650
00:36:16,800 --> 00:36:21,439
Speaker 4: I hear, you shall break it from square one? What

651
00:36:21,480 --> 00:36:25,040
Speaker 4: should I do to start building wealth generations? Because all

652
00:36:25,080 --> 00:36:29,040
Speaker 4: I heard was first of all the trauma we we

653
00:36:29,200 --> 00:36:32,359
Speaker 4: we just keep we live in trauma. It's a lot

654
00:36:32,360 --> 00:36:33,799
Speaker 4: of stuff that we don't know when it comes to

655
00:36:33,840 --> 00:36:36,200
Speaker 4: the credit and how it can work in our favor. Yes,

656
00:36:36,400 --> 00:36:38,719
Speaker 4: we've been taught to stay away from critics. We've been

657
00:36:38,760 --> 00:36:41,360
Speaker 4: talked to fuck your name up. I'm gonna curse for you.

658
00:36:41,600 --> 00:36:43,520
Speaker 4: We've been talked to going there with the fake check

659
00:36:43,680 --> 00:36:44,120
Speaker 4: and all that.

660
00:36:44,320 --> 00:36:47,840
Speaker 2: Like your kids, your six year old kids, so security

661
00:36:47,880 --> 00:36:50,920
Speaker 2: now that's credit. Get to get the least that you

662
00:36:51,040 --> 00:36:51,680
Speaker 2: go on default.

663
00:36:51,760 --> 00:36:54,120
Speaker 4: And we've been talked to. You know, we're not being

664
00:36:54,160 --> 00:36:56,080
Speaker 4: talked to. You don't know how hard it is to

665
00:36:56,080 --> 00:36:56,960
Speaker 4: get yourself out of it.

666
00:36:57,080 --> 00:36:58,399
Speaker 3: That's right, you did what I'm saying.

667
00:36:58,440 --> 00:37:00,960
Speaker 4: So what do you tell the young average person will

668
00:37:00,960 --> 00:37:02,480
Speaker 4: be like, hold up, wait, young brother, before you go

669
00:37:02,600 --> 00:37:04,160
Speaker 4: miss your name up because your credit score.

670
00:37:04,239 --> 00:37:05,960
Speaker 3: First of all, you already.

671
00:37:05,560 --> 00:37:07,600
Speaker 4: Got bad credit because you ain't got nothing on your credit,

672
00:37:08,280 --> 00:37:10,440
Speaker 4: so you ain't running your credit, right, What do you

673
00:37:10,520 --> 00:37:12,680
Speaker 4: tell him to build it just to go in there

674
00:37:12,960 --> 00:37:14,560
Speaker 4: with that game plan, to be like, you know what,

675
00:37:14,680 --> 00:37:16,479
Speaker 4: I could go in here with a seven hundred seventh

676
00:37:16,480 --> 00:37:19,360
Speaker 4: fifty credit score and come out with that three hundred

677
00:37:19,360 --> 00:37:21,360
Speaker 4: thousand dollars loan that they just gave me and I

678
00:37:21,400 --> 00:37:21,719
Speaker 4: ain't need.

679
00:37:22,360 --> 00:37:23,759
Speaker 3: I don't even know how just did that.

680
00:37:25,560 --> 00:37:29,880
Speaker 2: So you almost said it for me. I can't control

681
00:37:30,000 --> 00:37:33,359
Speaker 2: how somebody feels about you, right, you can't control it either.

682
00:37:35,920 --> 00:37:38,279
Speaker 2: I can't control who's in the White House. But we

683
00:37:38,760 --> 00:37:43,640
Speaker 2: spend all the current politics is the basically you're experiencing

684
00:37:43,680 --> 00:37:47,560
Speaker 2: the biggest reality TV show in the history of the world.

685
00:37:48,120 --> 00:37:51,960
Speaker 2: And to quote my brother Charlemagne, were all extras And

686
00:37:52,000 --> 00:37:54,000
Speaker 2: how many people get up every day and spend a

687
00:37:54,080 --> 00:37:58,120
Speaker 2: third of that day obsessing, wasting your time, obsessing about

688
00:37:58,160 --> 00:38:02,960
Speaker 2: somebody else's game, argument, screaming at the TV set or

689
00:38:03,000 --> 00:38:08,399
Speaker 2: screaming at your phone, talking mess about poor people, talk

690
00:38:08,440 --> 00:38:11,720
Speaker 2: about other people, Wealthy people, talk about their ideas.

691
00:38:13,160 --> 00:38:15,280
Speaker 4: Need to say that again, Say it again, because somebody

692
00:38:15,280 --> 00:38:16,320
Speaker 4: probably walk to the bathroom.

693
00:38:17,440 --> 00:38:25,040
Speaker 2: Poor people surviving mindset talk about other people. Wealthy people,

694
00:38:25,680 --> 00:38:30,600
Speaker 2: thriving mindset, building mindset, talk about their ideas. What's as,

695
00:38:31,520 --> 00:38:35,320
Speaker 2: what is a patent. It's a monetized idea. I mentioned

696
00:38:35,320 --> 00:38:41,759
Speaker 2: that earlier. You cannot create in noise. Even you got

697
00:38:41,760 --> 00:38:43,880
Speaker 2: this beautiful studio. But when you got to do in

698
00:38:43,920 --> 00:38:47,000
Speaker 2: your magic, like right now you can hear a pin drop,

699
00:38:48,480 --> 00:38:51,560
Speaker 2: it's no different anything else. Quiet the noise. First thing

700
00:38:51,560 --> 00:38:53,520
Speaker 2: you got a quiet is inside of yourself. So here's

701
00:38:53,560 --> 00:38:58,879
Speaker 2: one for everybody. Slavery did a job on us. There's

702
00:38:58,880 --> 00:39:03,520
Speaker 2: a difference between Black Americans, Black Caribbeans, and Black Africans.

703
00:39:03,560 --> 00:39:06,560
Speaker 2: Even though we all come from Africa, all of us,

704
00:39:07,040 --> 00:39:09,320
Speaker 2: there's a in fact, all of mankind comes from Africa.

705
00:39:09,360 --> 00:39:14,120
Speaker 2: That's a different conversation. Other The difference is slavery lasted

706
00:39:14,239 --> 00:39:19,440
Speaker 2: longer under a brutal commercial enterprise. Here it destroyed our

707
00:39:19,480 --> 00:39:23,200
Speaker 2: self esteem. What's my point. If I don't like me,

708
00:39:23,280 --> 00:39:26,960
Speaker 2: I'm not gonna like you. If I don't feel good

709
00:39:26,960 --> 00:39:29,919
Speaker 2: about me, I'm not gonna feel good about you. Real talk.

710
00:39:30,040 --> 00:39:32,279
Speaker 2: If I don't respect me, don't expect me to respect you.

711
00:39:32,960 --> 00:39:35,040
Speaker 2: If I don't love me, I don't have a clue

712
00:39:35,080 --> 00:39:40,080
Speaker 2: how to love you. Here's a big one. If I

713
00:39:40,080 --> 00:39:44,480
Speaker 2: don't have a purpose in my life, I'm gonna make

714
00:39:44,560 --> 00:39:49,600
Speaker 2: your life a living hell. Because whatever goes around comes around.

715
00:39:50,000 --> 00:39:52,640
Speaker 2: So now you take that self esteem. So now I've

716
00:39:52,640 --> 00:39:55,960
Speaker 2: got high confidence because I was born and raised in

717
00:39:56,000 --> 00:39:58,520
Speaker 2: the biggest economy in the world, the United States of America.

718
00:39:58,600 --> 00:40:02,279
Speaker 2: So I've got high confidence because I'm competent. What did

719
00:40:02,320 --> 00:40:04,640
Speaker 2: I say when the rules are published and the playing

720
00:40:04,680 --> 00:40:08,320
Speaker 2: fields level, we kill it. So we gone from slavery,

721
00:40:08,400 --> 00:40:13,160
Speaker 2: jim crow, sharecropping, all that this indignity, and somehow we've

722
00:40:13,239 --> 00:40:17,120
Speaker 2: risen against all odds. And look what you've built here

723
00:40:17,440 --> 00:40:22,200
Speaker 2: from people literally pushing against you, still you rise. So

724
00:40:22,239 --> 00:40:27,000
Speaker 2: we if we say black people have mastered creativity, culture

725
00:40:27,080 --> 00:40:35,640
Speaker 2: and cool, mainstream folks have mastered capitalism, commerce, and economic

726
00:40:35,640 --> 00:40:39,359
Speaker 2: community six thousand years. So we say something's cool, it's

727
00:40:39,400 --> 00:40:41,640
Speaker 2: cool in Tibet. If we say it's cool, it's cool

728
00:40:41,640 --> 00:40:43,960
Speaker 2: in North Korea. If we say it's a dud, it's

729
00:40:44,080 --> 00:40:47,439
Speaker 2: dud in Russia. But we've rocked the mic. We don't

730
00:40:47,440 --> 00:40:51,200
Speaker 2: own it. We play on the stage, but we don't

731
00:40:51,200 --> 00:40:55,040
Speaker 2: have we don't own love of nation or whatever the

732
00:40:55,080 --> 00:40:58,880
Speaker 2: situation is. So we've been rearranging the debck chairs and

733
00:40:58,920 --> 00:41:01,440
Speaker 2: the type of going back to the original. So our

734
00:41:01,560 --> 00:41:05,960
Speaker 2: mind is messed up because our self esteem is messed up?

735
00:41:05,960 --> 00:41:08,000
Speaker 2: Do you know that? Do you know this? Seventy six

736
00:41:08,040 --> 00:41:10,400
Speaker 2: percent of all luxury goods are bought by poor people.

737
00:41:12,360 --> 00:41:16,320
Speaker 2: See it again, By the way, I like that's a rolex.

738
00:41:16,360 --> 00:41:17,839
Speaker 2: By the way, this is my get out of. This

739
00:41:17,920 --> 00:41:21,000
Speaker 2: is my get out of? Is this everything goes south?

740
00:41:21,440 --> 00:41:24,719
Speaker 2: That's twenty five thousand dollars right, So this is yeah,

741
00:41:24,760 --> 00:41:28,680
Speaker 2: it's a nice walk deessent investment. Right. But so I like,

742
00:41:28,800 --> 00:41:32,320
Speaker 2: I like nice things, right, I like Louis Vuitton or

743
00:41:32,360 --> 00:41:34,000
Speaker 2: you know, two mayor or whatever. The thing is, right,

744
00:41:34,040 --> 00:41:36,040
Speaker 2: But that's my third budget. That's my that's not that's

745
00:41:36,080 --> 00:41:39,120
Speaker 2: that's my flossing budget. Is it a living budget? An

746
00:41:39,160 --> 00:41:41,759
Speaker 2: investment budget? And I do as I like budget? Right,

747
00:41:42,200 --> 00:41:43,520
Speaker 2: So I'm not I'm not telling people not to go

748
00:41:43,560 --> 00:41:49,080
Speaker 2: to get nice things. I'm saying seventy six percent of

749
00:41:49,200 --> 00:41:54,439
Speaker 2: all luxury goods in the world are bought by poor

750
00:41:54,520 --> 00:42:00,080
Speaker 2: and struggling people. That's target marketing. So when you we

751
00:42:00,120 --> 00:42:03,680
Speaker 2: see the line around the corner at Louis vuiton, look

752
00:42:03,680 --> 00:42:07,800
Speaker 2: who's in the line. It's us. I'm gonna tell you

753
00:42:07,880 --> 00:42:10,000
Speaker 2: have to go to Louis Vuitton, sir. I'm not hete.

754
00:42:10,040 --> 00:42:12,880
Speaker 2: I'm just telling you it's literally right in front of you.

755
00:42:12,880 --> 00:42:14,960
Speaker 2: We are looking for love and all the wrong places.

756
00:42:15,440 --> 00:42:19,200
Speaker 2: We have got to realign our priorities, and the problem

757
00:42:19,320 --> 00:42:25,480
Speaker 2: is self steam. We have high confidence because we're confident,

758
00:42:25,880 --> 00:42:29,560
Speaker 2: but we have low self esteem because we never healed

759
00:42:30,120 --> 00:42:33,920
Speaker 2: from all this trauma. And a lot of us distract

760
00:42:33,960 --> 00:42:41,320
Speaker 2: ourselves with the ing's, shopping, drugging, drinking, traveling, texting, sex,

761
00:42:41,440 --> 00:42:46,200
Speaker 2: thing whatever. It is not dealing because we're not doing

762
00:42:46,200 --> 00:42:51,399
Speaker 2: the one ing that matters healing. So let's go back

763
00:42:51,400 --> 00:42:55,400
Speaker 2: to the relationships. So I'm jacked up if my self

764
00:42:55,480 --> 00:43:03,799
Speaker 2: esteems messed up, and I'm medicating that with shit stuff, shopping, distraction,

765
00:43:05,000 --> 00:43:09,719
Speaker 2: but my self esteems toe up. A successful person with

766
00:43:10,040 --> 00:43:16,160
Speaker 2: an insecure successful person, an insecure person with money just

767
00:43:16,200 --> 00:43:23,600
Speaker 2: becomes a wealthy, insecure person. You follow me, right, So

768
00:43:23,840 --> 00:43:28,680
Speaker 2: now I'm forced to have a toxic relationship. There's no choice.

769
00:43:30,040 --> 00:43:37,000
Speaker 2: So now I'm transactional and I'm simple, and I'm gonna

770
00:43:37,040 --> 00:43:39,480
Speaker 2: get exactly what I deserve. So if I go, if

771
00:43:39,480 --> 00:43:42,520
Speaker 2: i'm low frequency, I'm gonna attract low frequency. So that's

772
00:43:42,520 --> 00:43:44,640
Speaker 2: why all the relationships are toe up. That's why we

773
00:43:44,760 --> 00:43:48,319
Speaker 2: spend all our times arguing in drama. A giver and

774
00:43:48,320 --> 00:43:53,240
Speaker 2: a giver is exotic. A giver and a taker is neurotic.

775
00:43:54,480 --> 00:43:59,040
Speaker 2: A taker and taker is psychotic. These two here lead

776
00:43:59,080 --> 00:44:03,000
Speaker 2: the brokeness. Seventy percent of all those who win the

777
00:44:03,080 --> 00:44:06,640
Speaker 2: lottery broken five years, seventy percent of all professional athletes broken,

778
00:44:06,680 --> 00:44:09,760
Speaker 2: bankrupted five years, seventy percent of those in professional sports

779
00:44:10,200 --> 00:44:13,040
Speaker 2: divorce five years after retirement. Don't trust me, look it

780
00:44:13,120 --> 00:44:17,720
Speaker 2: up for yourself. These numbers are so overwhelming you can't

781
00:44:18,440 --> 00:44:23,719
Speaker 2: subscribe it or ascribe it to luck, fate, a coincidence.

782
00:44:23,840 --> 00:44:29,520
Speaker 2: These are overwhelming numbers. So what I say to people is,

783
00:44:29,800 --> 00:44:31,719
Speaker 2: people say, well, why should I try God? Because God

784
00:44:31,760 --> 00:44:34,640
Speaker 2: cannot possibly mismanage or screw up your life worse than

785
00:44:34,719 --> 00:44:37,520
Speaker 2: you have. Well, why should I be positive? I can't

786
00:44:37,560 --> 00:44:39,600
Speaker 2: guarantee you that being positive is going to make you

787
00:44:39,680 --> 00:44:42,600
Speaker 2: a success, but I absolutely guarantee you that being negative

788
00:44:42,680 --> 00:44:44,879
Speaker 2: is gonna make you fail. Maybe, sure, you just shut

789
00:44:44,880 --> 00:44:47,600
Speaker 2: the fudge up for a moment and listen, because your

790
00:44:47,640 --> 00:44:51,040
Speaker 2: business plan ain't work very well, has it. I love

791
00:44:51,120 --> 00:44:53,560
Speaker 2: my people enough to tell you the truth. Our shit's

792
00:44:53,600 --> 00:44:58,120
Speaker 2: not working. This business plan of ark for the longest

793
00:44:58,160 --> 00:45:02,600
Speaker 2: time it was love hate. People didn't like it. And

794
00:45:02,680 --> 00:45:08,320
Speaker 2: let you know, Jim Crow Slavery civil rights movement. I

795
00:45:08,360 --> 00:45:10,520
Speaker 2: mean they killed doctor King, but trying to take down

796
00:45:10,520 --> 00:45:14,759
Speaker 2: on White's only side. People that have This is what

797
00:45:14,800 --> 00:45:16,680
Speaker 2: I've been saying for thirty years. We're gonna get to

798
00:45:16,680 --> 00:45:20,640
Speaker 2: a point folks don't even care about you to hate you.

799
00:45:22,239 --> 00:45:28,520
Speaker 2: It's not love or hate anymore. It's radical indifference. Think

800
00:45:28,560 --> 00:45:38,200
Speaker 2: about this now, gated communities, private roads, private transportation, private security,

801
00:45:38,480 --> 00:45:44,480
Speaker 2: private community, private neighborhoods, private lives. They're like, do as

802
00:45:44,520 --> 00:45:47,440
Speaker 2: you like, tell your stuff up if you if you

803
00:45:47,440 --> 00:45:49,640
Speaker 2: want to, I ain't got nothing to do with it.

804
00:45:49,680 --> 00:45:55,040
Speaker 2: I've made mind there. Artificial intelligence is going to do

805
00:45:55,080 --> 00:45:58,040
Speaker 2: nothing but wrap that up. In five years. Your whole

806
00:45:58,080 --> 00:46:00,600
Speaker 2: world's gonna change by twenty thirty. You want recognize the

807
00:46:00,600 --> 00:46:05,040
Speaker 2: world as we see it. But God steals system the

808
00:46:05,080 --> 00:46:11,080
Speaker 2: throne tonk Yotope. Darkness is defined by light, not the

809
00:46:11,120 --> 00:46:16,480
Speaker 2: other way around. Badness has failed goodness. God has a

810
00:46:16,520 --> 00:46:20,520
Speaker 2: sense of humor. Seventy percent of this economy is consumer spending.

811
00:46:21,360 --> 00:46:26,520
Speaker 2: Seventy I love that number. Seventy black brown folks of

812
00:46:26,600 --> 00:46:30,040
Speaker 2: forty percent of America today in ten years will be

813
00:46:30,080 --> 00:46:34,160
Speaker 2: a majority of minorities. There's not enough college educated, successful

814
00:46:34,200 --> 00:46:37,000
Speaker 2: white man to drive this economy for the next twenty years.

815
00:46:37,600 --> 00:46:40,360
Speaker 2: We speaking, We're always speaking Chinese in thirty years and

816
00:46:40,400 --> 00:46:44,000
Speaker 2: we don't change. We need for the first time in history,

817
00:46:46,239 --> 00:46:51,640
Speaker 2: they need us to have this conversation to become capitalists.

818
00:46:51,960 --> 00:46:55,919
Speaker 2: It's never happened before. Demographically, we have got to win.

819
00:46:57,200 --> 00:46:59,400
Speaker 2: It's never happened before. In nineteen fifty two, America was

820
00:46:59,480 --> 00:47:05,480
Speaker 2: ninety percent white nineteen fifty two, not the South, the

821
00:47:05,520 --> 00:47:09,160
Speaker 2: whole country. So with Andrew Young, doctor King Cretit, Scott Kream,

822
00:47:09,520 --> 00:47:12,400
Speaker 2: what they did was nothing less than genius. It was

823
00:47:12,640 --> 00:47:17,200
Speaker 2: moral genius for eight percent of this country to flip

824
00:47:19,080 --> 00:47:23,799
Speaker 2: the consciences of the whole country. Todam, I'm telling you

825
00:47:24,040 --> 00:47:28,040
Speaker 2: we have a majority. We're on the precipice of the

826
00:47:28,120 --> 00:47:35,040
Speaker 2: majority of minorities in America. Women in nineteen seventy two

827
00:47:35,200 --> 00:47:38,000
Speaker 2: couldn't get a bank account, Not black women, white women,

828
00:47:38,200 --> 00:47:43,080
Speaker 2: white blonde hair, blue eyed. Women in nineteen seventy two

829
00:47:43,560 --> 00:47:45,239
Speaker 2: could not get a bank account, couldn't get a loan

830
00:47:45,320 --> 00:47:48,320
Speaker 2: less her husband co signed it. Because of black people

831
00:47:48,440 --> 00:47:55,759
Speaker 2: and affirmative action, Kennedy, Johnson King. I call King an

832
00:47:55,760 --> 00:47:58,520
Speaker 2: honorary president. He's so bad. It was a bad brother.

833
00:47:58,920 --> 00:48:02,279
Speaker 2: These three, my hero Andrew Young working with him, These

834
00:48:02,320 --> 00:48:06,480
Speaker 2: three so pioneered this. The country reacted to that when

835
00:48:06,480 --> 00:48:09,520
Speaker 2: they killed Kennedy and they killed King. The reaction to

836
00:48:09,560 --> 00:48:14,120
Speaker 2: that was Nixon. The reaction to this was this. By

837
00:48:14,120 --> 00:48:22,719
Speaker 2: the way, what's happening now? Obama triggered you had two

838
00:48:22,719 --> 00:48:25,520
Speaker 2: thousand and I called this a third reconstruction. By the way,

839
00:48:25,520 --> 00:48:28,200
Speaker 2: we're in the third reconstruction right now. Two years into

840
00:48:28,200 --> 00:48:33,960
Speaker 2: any reconstruction pushback Civil War, Lincoln gets killed. Within two years,

841
00:48:34,080 --> 00:48:38,960
Speaker 2: they're trying to undo what was done. Two years after

842
00:48:40,280 --> 00:48:46,319
Speaker 2: doctor King's greatest successes, they kill him, and Nixon shows up.

843
00:48:46,360 --> 00:48:48,240
Speaker 2: They do a firm reaction. They give it to white women.

844
00:48:50,000 --> 00:48:52,839
Speaker 2: White women got a firm reaction because of us. Now

845
00:48:52,880 --> 00:48:56,160
Speaker 2: I'm glad that. I'm glad somebody got it. But my

846
00:48:56,239 --> 00:48:59,640
Speaker 2: point is women could not participate in the economy, and

847
00:48:59,680 --> 00:49:03,680
Speaker 2: like you said, need to hold on, they got it

848
00:49:03,680 --> 00:49:06,239
Speaker 2: firm of action. They got participation in nineteen seventy two.

849
00:49:06,560 --> 00:49:09,000
Speaker 2: Today women are a third of the US economy, brother

850
00:49:09,320 --> 00:49:14,719
Speaker 2: seven trillion dollars a year, all women, black women, Latino Asians, everybody.

851
00:49:15,440 --> 00:49:18,640
Speaker 2: Without that, we being also ran country. Today we be

852
00:49:18,680 --> 00:49:21,480
Speaker 2: a third rate nation without if women had not stepped

853
00:49:21,480 --> 00:49:25,000
Speaker 2: into the economy a thirty three Miller economy seven eight

854
00:49:25,040 --> 00:49:29,200
Speaker 2: trae of that from women, we beat toast. This is

855
00:49:29,239 --> 00:49:34,160
Speaker 2: exactly where we are with minorities and diversity for the

856
00:49:34,160 --> 00:49:38,880
Speaker 2: next five years. My rich resie my poor friends do

857
00:49:38,920 --> 00:49:42,440
Speaker 2: better if only to stay rich? Am I going too fast?

858
00:49:42,560 --> 00:49:42,840
Speaker 3: No?

859
00:49:42,960 --> 00:49:47,480
Speaker 1: Hell no, though you can take no friends need my

860
00:49:47,640 --> 00:49:49,680
Speaker 1: poor friend to do better in order to stay in

861
00:49:49,960 --> 00:49:50,839
Speaker 1: order to stay rich.

862
00:49:50,960 --> 00:49:54,000
Speaker 2: Even the racist should want a black person to succeed,

863
00:49:55,000 --> 00:50:00,960
Speaker 2: because when the economy increases, all boats go up. So

864
00:50:01,000 --> 00:50:03,200
Speaker 2: I don't care whether somebody likes me or not. I

865
00:50:03,239 --> 00:50:05,400
Speaker 2: really I rather you respect me and learn to like me,

866
00:50:05,440 --> 00:50:07,759
Speaker 2: than like me and never respect me. It's okay if

867
00:50:07,800 --> 00:50:11,120
Speaker 2: you don't like me, I like me, not going out

868
00:50:11,160 --> 00:50:13,279
Speaker 2: to My self esteem is defined by your acceptance of me.

869
00:50:13,320 --> 00:50:16,799
Speaker 2: That's the Quincy Jones quote. That that's self esteem. I'm not,

870
00:50:17,000 --> 00:50:18,840
Speaker 2: it's not. It's not about raising your voice. When you

871
00:50:18,880 --> 00:50:21,600
Speaker 2: got the power, you don't need to use it.

872
00:50:23,160 --> 00:50:26,680
Speaker 1: Man his bag boy. But when you got the power,

873
00:50:26,880 --> 00:50:28,080
Speaker 1: you don't need to.

874
00:50:28,040 --> 00:50:31,520
Speaker 3: Use it's get in the car. We going to the.

875
00:50:31,520 --> 00:50:32,719
Speaker 1: Script club.

876
00:50:36,880 --> 00:50:40,759
Speaker 2: To making moves. If you see me at the strip club, No, I.

877
00:50:40,880 --> 00:50:43,520
Speaker 3: On it for sofa Joe.

878
00:50:43,640 --> 00:50:45,399
Speaker 2: All am. All I'm showing up for is to get

879
00:50:45,400 --> 00:50:46,480
Speaker 2: the cast at the end of the night.

880
00:50:46,920 --> 00:50:47,479
Speaker 3: It's down.

881
00:50:52,480 --> 00:50:54,319
Speaker 2: A friend of mine. I can't name hi because you

882
00:50:54,360 --> 00:50:56,839
Speaker 2: know where friend of mine billionaire when he was one

883
00:50:56,880 --> 00:50:59,440
Speaker 2: hundred millionaire is called a centimllionaire. When he was a

884
00:50:59,480 --> 00:51:01,520
Speaker 2: centimion there he owned strip clubs.

885
00:51:01,560 --> 00:51:02,319
Speaker 3: I ain't even know they had.

886
00:51:02,320 --> 00:51:08,839
Speaker 4: They got more words for niggas a centipede.

887
00:51:09,080 --> 00:51:14,520
Speaker 2: Cent a millionaire, one hundred million, centi million billion. You'll

888
00:51:14,520 --> 00:51:16,560
Speaker 2: see you'll see a trillionaire in our lifetime, by the way,

889
00:51:16,560 --> 00:51:20,160
Speaker 2: but anyway, we had no you have sent you have

890
00:51:20,360 --> 00:51:25,560
Speaker 2: tradion dollar companies Apple, but Amazon. But you'll see a

891
00:51:25,600 --> 00:51:28,160
Speaker 2: centi millionaire with AI in our lifetime. Anyway. Backing up

892
00:51:28,160 --> 00:51:30,360
Speaker 2: for a minute, So this guy who I'm who I

893
00:51:30,360 --> 00:51:32,759
Speaker 2: won't name his name, who's a billionaire now, was at

894
00:51:32,760 --> 00:51:35,240
Speaker 2: this time, at this conversation, he was a centi millionaire.

895
00:51:35,239 --> 00:51:37,560
Speaker 2: He's worth a hundred million dollars. At that point he

896
00:51:37,600 --> 00:51:41,919
Speaker 2: owned strip clubs. Please hear me. He never went there,

897
00:51:43,719 --> 00:51:48,400
Speaker 2: he owned them, wouldn't let his kids go there. Nobody

898
00:51:48,400 --> 00:51:51,759
Speaker 2: in his family could go to the strip club. Think

899
00:51:51,800 --> 00:51:58,640
Speaker 2: about that. He loved us going there, but he didn't

900
00:51:58,640 --> 00:52:01,759
Speaker 2: want that toxicity. He didn't want that in and want

901
00:52:02,280 --> 00:52:07,000
Speaker 2: it around his kids family. I just need us to

902
00:52:07,120 --> 00:52:11,640
Speaker 2: understand capitalism is a gladiator. Sport is not personal. Business

903
00:52:11,680 --> 00:52:16,400
Speaker 2: is not personal. We take everything personal. We get emotional

904
00:52:16,760 --> 00:52:20,120
Speaker 2: about every damn thing, and we get racked up in

905
00:52:20,320 --> 00:52:25,640
Speaker 2: arguments and debates about somebody else's business and not taking

906
00:52:25,640 --> 00:52:30,640
Speaker 2: care of our own, wasting. The only ass that you've

907
00:52:30,640 --> 00:52:32,279
Speaker 2: got is your time.

908
00:52:33,640 --> 00:52:36,000
Speaker 4: And speaking on time right, because I want to know

909
00:52:36,200 --> 00:52:37,800
Speaker 4: why does she keep it even the color trying to

910
00:52:37,840 --> 00:52:46,120
Speaker 4: listen to what he's yes, what he's saying. Look, I

911
00:52:46,160 --> 00:52:50,759
Speaker 4: remember you said you you took what forty dollars to

912
00:52:50,800 --> 00:52:53,319
Speaker 4: start making three hundred dollars a week, a.

913
00:52:53,280 --> 00:52:56,040
Speaker 2: Forty dollars investment for my mother wanted a smith who,

914
00:52:56,040 --> 00:52:59,680
Speaker 2: by the way, died two years ago, eighty nine years

915
00:52:59,680 --> 00:53:02,920
Speaker 2: of age. We're working at an hourly job for thirty

916
00:53:02,920 --> 00:53:06,120
Speaker 2: two years. She died a millionaire with a credit score

917
00:53:06,120 --> 00:53:10,799
Speaker 2: of eight fifty four, an hourly job. Going back to

918
00:53:10,840 --> 00:53:13,040
Speaker 2: your point about what do you tell people who were

919
00:53:13,080 --> 00:53:17,600
Speaker 2: watching this who think, basically, I can't relate to him.

920
00:53:17,920 --> 00:53:21,120
Speaker 2: How How could I owned seven hundred homes? I'm gonna

921
00:53:21,160 --> 00:53:23,040
Speaker 2: own seven thousand. At some point I owned seven hundred,

922
00:53:23,080 --> 00:53:26,319
Speaker 2: but I at one. But my mother owned seven. She

923
00:53:26,400 --> 00:53:29,640
Speaker 2: owned seven and her grant and my grandmother owned a

924
00:53:29,680 --> 00:53:32,279
Speaker 2: shotgun check in East Saint Louis. And there was a

925
00:53:32,320 --> 00:53:35,160
Speaker 2: time I owned one. It was a town home seven

926
00:53:35,239 --> 00:53:38,040
Speaker 2: one two two lati Hera. It's interesting when you own

927
00:53:38,040 --> 00:53:41,480
Speaker 2: a home, you remember the address seven one two lati

928
00:53:41,560 --> 00:53:46,759
Speaker 2: Hera at Latiherra in the four or five Freeway in

929
00:53:46,840 --> 00:53:50,360
Speaker 2: Los Angeles, the north the north side of the street.

930
00:53:51,040 --> 00:53:54,360
Speaker 2: That townhouse of fifteen hundred square feet I bought for

931
00:53:54,360 --> 00:53:59,640
Speaker 2: two hundred and twenty thousand dollars went down in the

932
00:53:59,719 --> 00:54:02,240
Speaker 2: christ to two thousand and eight to one hundred and

933
00:54:02,280 --> 00:54:05,719
Speaker 2: sixty thousand dollars. My broke ass friends told me to

934
00:54:05,719 --> 00:54:10,960
Speaker 2: sell it. I considered the source. I think I'm good.

935
00:54:11,000 --> 00:54:17,160
Speaker 2: I have to live someplace, stayed there, moved to Atlanta

936
00:54:17,160 --> 00:54:19,360
Speaker 2: in two thousand and nine. Rented it out to a

937
00:54:19,400 --> 00:54:21,680
Speaker 2: police officer LAPD officer who didn't pay rent on time.

938
00:54:21,719 --> 00:54:23,840
Speaker 2: By the way, rented it out to him. A brother

939
00:54:24,800 --> 00:54:27,280
Speaker 2: would have to call him and badger him every month

940
00:54:27,480 --> 00:54:33,080
Speaker 2: to pay rent. I forgot about the condo. Now matter

941
00:54:33,120 --> 00:54:34,960
Speaker 2: what did I tell you? I bought it for two twenty.

942
00:54:35,760 --> 00:54:40,000
Speaker 2: It went down to my friends told me sell it?

943
00:54:40,719 --> 00:54:42,359
Speaker 2: Did you said, I need some one to stay hang

944
00:54:42,400 --> 00:54:44,960
Speaker 2: around nine broke people, You'll be the ten tenth. So

945
00:54:45,000 --> 00:54:48,120
Speaker 2: I love you, but I'm not listening to you because

946
00:54:48,160 --> 00:54:50,279
Speaker 2: to consider the source you broke. You don't know a

947
00:54:50,360 --> 00:54:54,480
Speaker 2: thing about investments, so I Eagles don't fly in packs.

948
00:54:55,760 --> 00:54:58,640
Speaker 2: You've never seen a flock of eagles. Buzzes love packs.

949
00:55:00,000 --> 00:55:02,360
Speaker 2: Buss always step up on your head to elevate themselves.

950
00:55:02,600 --> 00:55:06,120
Speaker 2: Always play, Heyden, never played, congratulated, always got something negative

951
00:55:06,120 --> 00:55:08,440
Speaker 2: to say about. Somebody can't take care of their own business,

952
00:55:08,440 --> 00:55:10,120
Speaker 2: but they want to have an opinion about yours. And

953
00:55:10,200 --> 00:55:13,319
Speaker 2: turkeys have wings and can't even fly. All they do

954
00:55:13,400 --> 00:55:20,919
Speaker 2: is profile trying to be something there are not. So

955
00:55:22,239 --> 00:55:24,520
Speaker 2: I realized I had to be my own counselor. So

956
00:55:24,600 --> 00:55:27,560
Speaker 2: I moved to Atlanta, kept the condo the townhouse. Now

957
00:55:28,920 --> 00:55:30,760
Speaker 2: I needed to buy a property. I found a property

958
00:55:30,760 --> 00:55:33,360
Speaker 2: in Atlanta. Were seven hundred thousand dollars. I didn't have

959
00:55:33,400 --> 00:55:37,359
Speaker 2: seven hundred thousand dollars at that time. I called back

960
00:55:37,400 --> 00:55:38,960
Speaker 2: to LA and I said, look, what can I sell

961
00:55:39,040 --> 00:55:48,720
Speaker 2: this townhouse for? This was now twenty fifteen, twenty sixteen.

962
00:55:49,280 --> 00:55:51,120
Speaker 2: He said, well, I can probably get seven to fifty

963
00:55:51,120 --> 00:55:56,839
Speaker 2: for you. I said, excuse me, can you play that back?

964
00:55:57,320 --> 00:56:00,920
Speaker 2: He said, I can probably sell it for seven fifty dollars,

965
00:56:01,840 --> 00:56:07,279
Speaker 2: the same townhouse that I've bought for two twenty and

966
00:56:07,360 --> 00:56:09,759
Speaker 2: with down to one sixty, you can now sell it

967
00:56:09,840 --> 00:56:13,080
Speaker 2: for seven point fifty. When I can get just i'd

968
00:56:13,120 --> 00:56:20,080
Speaker 2: probably get it sold in a month. Cash, oh cash,

969
00:56:20,320 --> 00:56:24,000
Speaker 2: he sold it. I understood, now financial literacy, Tax Law

970
00:56:24,440 --> 00:56:26,960
Speaker 2: ten thirty one, tax re exchange. You get to keep

971
00:56:27,000 --> 00:56:30,080
Speaker 2: that in an account for a year, no taxation. As

972
00:56:30,080 --> 00:56:33,280
Speaker 2: almost you're reinvested. I reinvest in that in the property

973
00:56:33,280 --> 00:56:37,040
Speaker 2: in Atlanta, which is now worth several million dollars. I'm

974
00:56:37,080 --> 00:56:37,919
Speaker 2: no genius.

975
00:56:38,840 --> 00:56:41,439
Speaker 1: I was just about to ask you about the capital gains.

976
00:56:41,640 --> 00:56:44,960
Speaker 2: And by the way, you pay zero. I got zero

977
00:56:45,160 --> 00:56:49,719
Speaker 2: capital gains bases. I paid zero reinvest By the way,

978
00:56:49,760 --> 00:56:51,800
Speaker 2: now you get a homewachery line of credit if you

979
00:56:51,840 --> 00:56:55,080
Speaker 2: want to take some money out. Just again, good debt.

980
00:56:55,160 --> 00:56:58,960
Speaker 2: This is the brilliance of finance. You only get taxed

981
00:56:58,960 --> 00:57:02,719
Speaker 2: when you take it out. But if you're making him

982
00:57:03,040 --> 00:57:06,560
Speaker 2: This is why wealthy people don't like incomes. If you're

983
00:57:06,560 --> 00:57:12,800
Speaker 2: making money, you're getting you're cashing a check that's that's

984
00:57:14,520 --> 00:57:18,560
Speaker 2: taxable wages. That's thirty nine percent or whatever. That is

985
00:57:18,600 --> 00:57:20,880
Speaker 2: close to forty thirty seven thirty percent. It's the highest

986
00:57:20,880 --> 00:57:25,680
Speaker 2: text rate you can imagine capital gains. I have an investment,

987
00:57:26,040 --> 00:57:32,160
Speaker 2: I sold it, kept it bankout. That's twenty percent. So

988
00:57:32,280 --> 00:57:39,760
Speaker 2: every successful person's goal is to stop making money. So

989
00:57:39,840 --> 00:57:45,040
Speaker 2: when Warren Buffett said his secretary paid more taxes than

990
00:57:45,080 --> 00:57:49,640
Speaker 2: he did, of course he's right. He doesn't pay payroll taxes,

991
00:57:49,760 --> 00:57:53,080
Speaker 2: he doesn't get a check. Did you just get that? Yes,

992
00:57:54,440 --> 00:57:57,800
Speaker 2: But we can all the politicians didn't start playing this game.

993
00:57:58,120 --> 00:58:02,120
Speaker 2: The rich people don't pay any money, and how could

994
00:58:02,120 --> 00:58:06,720
Speaker 2: they not pay tax? No? No, no, no, no no. Seventy

995
00:58:06,720 --> 00:58:10,320
Speaker 2: percent of all income tax to the Treasury Department are

996
00:58:10,320 --> 00:58:14,760
Speaker 2: wealthy people like me through other forms of taxes, which

997
00:58:14,760 --> 00:58:20,480
Speaker 2: includes capital gains tax. Now I'm gonna pay I'm trying

998
00:58:20,520 --> 00:58:23,920
Speaker 2: to only pay twenty percent occasionally when I sell something.

999
00:58:24,560 --> 00:58:28,520
Speaker 2: If I cannot pay a tax, legitimately, why what you want?

1000
00:58:28,800 --> 00:58:31,920
Speaker 2: So you get You've already said it. You have this asset,

1001
00:58:31,960 --> 00:58:35,120
Speaker 2: it's increased in value. You get a home equity line

1002
00:58:35,120 --> 00:58:37,120
Speaker 2: of credit or some of the line of credit. You

1003
00:58:37,160 --> 00:58:40,840
Speaker 2: pull the money out through through through a home equity

1004
00:58:40,880 --> 00:58:45,600
Speaker 2: line which you do not pay taxes on debt. So

1005
00:58:45,720 --> 00:58:49,200
Speaker 2: long you write debt off and get a tax break.

1006
00:58:49,920 --> 00:58:50,920
Speaker 2: I hope you got so none.

1007
00:58:50,960 --> 00:58:52,680
Speaker 4: You never paid the taxes on the seven feet at

1008
00:58:52,680 --> 00:58:54,480
Speaker 4: and you don't pay the testes on the equity loan

1009
00:58:54,520 --> 00:58:55,240
Speaker 4: that you pulled up.

1010
00:58:55,800 --> 00:58:59,520
Speaker 2: Well, I'm not telling you my business, right, but you

1011
00:58:59,560 --> 00:59:05,120
Speaker 2: could be correct, right right right? I heard what so so?

1012
00:59:05,120 --> 00:59:10,520
Speaker 2: So if you're so a wealthy, wealthy person is trying

1013
00:59:10,520 --> 00:59:14,160
Speaker 2: to get out of this cash flow making a living,

1014
00:59:14,520 --> 00:59:18,720
Speaker 2: cashing a check, paying payroll taxes. They're trying to get

1015
00:59:18,800 --> 00:59:22,560
Speaker 2: out of that. One of my billionaire friends cursed me

1016
00:59:22,600 --> 00:59:24,680
Speaker 2: out because I brought him a business deal. He said, out,

1017
00:59:24,680 --> 00:59:26,240
Speaker 2: I'm trying. I'm not trying to make any more money.

1018
00:59:26,240 --> 00:59:27,200
Speaker 2: Get that out of my face.

1019
00:59:27,600 --> 00:59:30,440
Speaker 3: You don't get texted on dead, you.

1020
00:59:30,360 --> 00:59:33,800
Speaker 2: Can't get taxed on debt. No, you write it off. Actually,

1021
00:59:34,040 --> 00:59:36,440
Speaker 2: if it's for business purposes, I mean it's all kind

1022
00:59:36,480 --> 00:59:38,400
Speaker 2: of games. What did jay Z say on his four

1023
00:59:38,400 --> 00:59:40,280
Speaker 2: four four album, I'm trying to get your million nights

1024
00:59:40,360 --> 00:59:42,480
Speaker 2: with a game of nine ninety nine. This is none

1025
00:59:42,600 --> 00:59:47,920
Speaker 2: ninety nine. This this, this is what they don't teach you.

1026
00:59:47,960 --> 00:59:49,919
Speaker 4: So what you tell the person that paid his house

1027
00:59:49,960 --> 00:59:53,840
Speaker 4: off already refinanced, you know that's.

1028
00:59:54,760 --> 00:59:57,480
Speaker 2: I'm glad you said it. I didn't if you paid

1029
00:59:57,480 --> 00:59:59,560
Speaker 2: the house out are already. It depends where you are

1030
00:59:59,720 --> 01:00:03,120
Speaker 2: your life. If you're if you're seventy years old and

1031
01:00:03,160 --> 01:00:05,760
Speaker 2: you want to chill, and you you've got the quality

1032
01:00:05,840 --> 01:00:09,200
Speaker 2: life that you need, don't do a thing chill. Make

1033
01:00:09,280 --> 01:00:12,040
Speaker 2: you pay those property taxes. A friend of mine at

1034
01:00:12,040 --> 01:00:15,960
Speaker 2: the airport told me that her girlfriend bought seven homes

1035
01:00:15,960 --> 01:00:19,640
Speaker 2: on a property tax default in Detroit for nothing paid,

1036
01:00:19,720 --> 01:00:22,200
Speaker 2: got the homes because they had default in a property taxes.

1037
01:00:22,280 --> 01:00:25,360
Speaker 2: Paid the prot taxes, but got the homes. Gave one

1038
01:00:25,400 --> 01:00:28,640
Speaker 2: to her mother and said, mommy, this home is yours,

1039
01:00:28,800 --> 01:00:32,560
Speaker 2: but didn't teach your financial literacy, said, mommy, just paid

1040
01:00:32,560 --> 01:00:33,360
Speaker 2: the property taxes.

1041
01:00:34,520 --> 01:00:35,760
Speaker 1: I was going to ask you about the life. And

1042
01:00:35,800 --> 01:00:36,760
Speaker 1: she lost the house.

1043
01:00:36,840 --> 01:00:38,080
Speaker 3: She lost the house cause she ain't paid.

1044
01:00:38,640 --> 01:00:41,000
Speaker 2: She didn't pay the property taxes. Now, now the house

1045
01:00:41,080 --> 01:00:44,880
Speaker 2: is gone and their relationship is destroyed because because now

1046
01:00:44,880 --> 01:00:46,680
Speaker 2: she tried to figure out, how do I forgive my

1047
01:00:46,760 --> 01:00:49,640
Speaker 2: mother for this unforgivable thing she just did? How could

1048
01:00:49,680 --> 01:00:55,400
Speaker 2: you not pay the property taxes? So for the lack

1049
01:00:55,440 --> 01:00:59,440
Speaker 2: of financial financial literacy is like what the right to

1050
01:00:59,520 --> 01:01:04,520
Speaker 2: vote was sixty years ago. A Center to Credit score

1051
01:01:04,720 --> 01:01:06,760
Speaker 2: is as good as a four year education, and I

1052
01:01:06,760 --> 01:01:08,680
Speaker 2: think you should get a four year education if you can,

1053
01:01:09,440 --> 01:01:11,680
Speaker 2: or at least an AI education certificate. But I'm just

1054
01:01:11,720 --> 01:01:14,720
Speaker 2: saying these things we're talking about here, and there's so

1055
01:01:14,720 --> 01:01:18,240
Speaker 2: many directions based on I mean, the different doors you're opening,

1056
01:01:18,280 --> 01:01:19,880
Speaker 2: we could go. This could be a whole series. So

1057
01:01:19,880 --> 01:01:20,680
Speaker 2: what I'm saying, we.

1058
01:01:20,680 --> 01:01:24,800
Speaker 1: Told you, assistant, you got to come back ten times.

1059
01:01:25,040 --> 01:01:29,560
Speaker 2: I am. I'm writing it down. I've got no notes.

1060
01:01:30,520 --> 01:01:32,680
Speaker 2: I'm just I'm just answering. I'm just going where you're

1061
01:01:32,680 --> 01:01:34,800
Speaker 2: taking me. I'm just trying to bring me that white board. Man,

1062
01:01:35,680 --> 01:01:39,200
Speaker 2: I want to ask about insurance. Are black boards? Well,

1063
01:01:39,200 --> 01:01:42,240
Speaker 2: we got it. Yeah, a black guy. You know that.

1064
01:01:42,360 --> 01:01:44,440
Speaker 2: Do you know the only color you're the color that

1065
01:01:44,720 --> 01:01:49,760
Speaker 2: contains every color. It's black, the only color that contains

1066
01:01:49,800 --> 01:01:53,840
Speaker 2: every color. It's black. Do you know the racial word

1067
01:01:53,840 --> 01:01:57,440
Speaker 2: white was made up? We don't time for this car,

1068
01:01:58,520 --> 01:02:01,160
Speaker 2: don't where about and you play golf? No take too

1069
01:02:01,240 --> 01:02:01,600
Speaker 2: much time.

1070
01:02:02,480 --> 01:02:04,080
Speaker 1: I want to know about the insurance game.

1071
01:02:05,200 --> 01:02:11,600
Speaker 2: Everybody should have an insurance. Come come to the racetrack,

1072
01:02:13,400 --> 01:02:14,880
Speaker 2: ra in the passenger seats.

1073
01:02:18,320 --> 01:02:25,440
Speaker 1: Know if you can afford to lose eight pounds.

1074
01:02:23,480 --> 01:02:25,560
Speaker 2: But I'd love to have you come out and send

1075
01:02:25,560 --> 01:02:28,960
Speaker 2: it with me the rack. And that's my compliment, by

1076
01:02:28,960 --> 01:02:30,440
Speaker 2: the way, because that's my happy place. So if I

1077
01:02:30,520 --> 01:02:32,200
Speaker 2: bring if I bring you out there, if I'm inviting

1078
01:02:32,240 --> 01:02:34,640
Speaker 2: you out there, means that you're you're the absolute opposite

1079
01:02:34,640 --> 01:02:37,000
Speaker 2: of toxic. That's my that's forgiver.

1080
01:02:38,160 --> 01:02:39,640
Speaker 3: We're trying to stay on the gig.

1081
01:02:40,600 --> 01:02:43,440
Speaker 2: Yeah all right, So so uh life insurance.

1082
01:02:44,120 --> 01:02:44,240
Speaker 3: Here.

1083
01:02:44,400 --> 01:02:47,000
Speaker 2: Here's how everybody watching this can be a millionaire in

1084
01:02:47,120 --> 01:02:52,120
Speaker 2: five years. You're working an hourly job somewhere, you got

1085
01:02:52,200 --> 01:02:54,240
Speaker 2: too much month at the end of your money, you

1086
01:02:54,400 --> 01:02:55,080
Speaker 2: just don't hold.

1087
01:02:54,880 --> 01:03:01,880
Speaker 1: On before you start shut the fuck up. And he said,

1088
01:03:01,960 --> 01:03:05,400
Speaker 1: five years, John O'Brien.

1089
01:03:05,480 --> 01:03:08,680
Speaker 2: Everybody listening to this, you can be a millionaire in

1090
01:03:08,720 --> 01:03:10,800
Speaker 2: five years. I don't care where you're working, don't care

1091
01:03:10,840 --> 01:03:13,600
Speaker 2: what you're doing. Here's the easiest way to do it.

1092
01:03:16,360 --> 01:03:19,360
Speaker 2: You started age twenty five, you just got married, or whatever.

1093
01:03:20,200 --> 01:03:24,320
Speaker 2: You take. You open up a stock account. I'm not

1094
01:03:24,360 --> 01:03:27,320
Speaker 2: talking no crazy crypto, I'm not talking no whiskey stuff.

1095
01:03:27,920 --> 01:03:33,160
Speaker 2: I'm talking about safe. You want boring stuff. You want

1096
01:03:33,400 --> 01:03:37,760
Speaker 2: a you want blue chip stocks, you want stuff you

1097
01:03:37,840 --> 01:03:39,760
Speaker 2: go by the way. It makes easy the stuff you

1098
01:03:39,800 --> 01:03:43,840
Speaker 2: go shopping for yourself. You go to Walmart, you go

1099
01:03:43,920 --> 01:03:49,520
Speaker 2: to McDonald's. You like Nikes, you like you like excellent,

1100
01:03:49,880 --> 01:03:52,440
Speaker 2: whatever it is, whatever you're vibing. If you like it,

1101
01:03:52,440 --> 01:03:56,200
Speaker 2: probably other people like it. You use Amazon, whatever, Buy

1102
01:03:56,240 --> 01:03:59,640
Speaker 2: that stock right, you can buy fractional shares, by the way,

1103
01:04:00,080 --> 01:04:04,600
Speaker 2: buy those stocks. Two hundred dollars a month, Do not sell.

1104
01:04:05,280 --> 01:04:10,520
Speaker 2: Two hundred dollars a month. Do nothing else. In forty years,

1105
01:04:10,560 --> 01:04:13,120
Speaker 2: you're worth one point one million dollars. Do nothing else.

1106
01:04:14,000 --> 01:04:16,960
Speaker 2: Two hundred dollars a month. The money we waste on

1107
01:04:17,080 --> 01:04:22,200
Speaker 2: stock bucks, on cigarettes, on one night out of a restaurant,

1108
01:04:22,520 --> 01:04:25,320
Speaker 2: two hundred dollars a month, do nothing else, you'd be

1109
01:04:25,320 --> 01:04:27,320
Speaker 2: one worth one point one million dollars. That's not my

1110
01:04:27,320 --> 01:04:30,280
Speaker 2: five year plan, that's but that's your backup, backup, plan.

1111
01:04:30,360 --> 01:04:32,560
Speaker 2: So I want you to open a stock account. I

1112
01:04:32,600 --> 01:04:34,960
Speaker 2: want you to get a life insurance policy. If you're

1113
01:04:34,960 --> 01:04:36,840
Speaker 2: twenty five years old, you can get one hundred thousand

1114
01:04:36,840 --> 01:04:40,160
Speaker 2: dollars life insurance policy for three bucks. Because you're in

1115
01:04:40,160 --> 01:04:42,760
Speaker 2: great health, you get a million dollar policy for twenty

1116
01:04:42,760 --> 01:04:46,400
Speaker 2: bucks a month. A million dollar policy. Now, I'm not

1117
01:04:46,480 --> 01:04:48,000
Speaker 2: sure how long you're gonna live, but I damn sure

1118
01:04:48,000 --> 01:04:51,400
Speaker 2: know you're gonna die. So what's the mystery. If you

1119
01:04:51,440 --> 01:04:54,400
Speaker 2: have a child. Now, I want you to have a whill.

1120
01:04:55,120 --> 01:04:59,080
Speaker 2: Download it off the internet and say, I want this

1121
01:04:59,240 --> 01:05:02,560
Speaker 2: money from my life insurance policy to go to this person.

1122
01:05:03,240 --> 01:05:06,240
Speaker 2: You know, a prince is upset. Aretha Franklin's upset. They

1123
01:05:06,920 --> 01:05:09,320
Speaker 2: because they thought they I'm not gonna die right now.

1124
01:05:09,760 --> 01:05:12,480
Speaker 2: They die without a will. And folks who didn't I'm

1125
01:05:12,520 --> 01:05:14,640
Speaker 2: sure the folks who got the money, it's not who

1126
01:05:14,680 --> 01:05:19,280
Speaker 2: they intended to get the money. I need you to

1127
01:05:19,280 --> 01:05:21,240
Speaker 2: get a will. I need you get a life insurance

1128
01:05:21,240 --> 01:05:24,160
Speaker 2: policy because that within that you're gonna become you're gonna

1129
01:05:24,160 --> 01:05:27,680
Speaker 2: create generational wealth. That one act. I'n't got the five

1130
01:05:27,760 --> 01:05:30,600
Speaker 2: years and million dollars yet that's gonna create generational wealth

1131
01:05:30,800 --> 01:05:34,680
Speaker 2: for whoever you direct, So between one hundred thousand and

1132
01:05:34,840 --> 01:05:37,720
Speaker 2: a million. With a you can do a term life

1133
01:05:37,760 --> 01:05:39,440
Speaker 2: in drince policy if you can't do a whole life.

1134
01:05:39,560 --> 01:05:41,440
Speaker 2: So now you got a will. You have a life

1135
01:05:41,440 --> 01:05:45,320
Speaker 2: instreance policy. You have a stock account, make money doing that.

1136
01:05:45,400 --> 01:05:47,080
Speaker 2: You make money during the day. I said, you build

1137
01:05:47,160 --> 01:05:50,880
Speaker 2: wealth in your sleep, right, So now you gotta live somewhere.

1138
01:05:52,200 --> 01:05:55,000
Speaker 2: I don't want you going to rent something uptown with

1139
01:05:55,120 --> 01:05:57,400
Speaker 2: folks that don't like you. With money, you don't have

1140
01:05:57,640 --> 01:06:00,200
Speaker 2: to impress somebody you don't know about stuff that don't matter.

1141
01:06:00,840 --> 01:06:06,880
Speaker 2: Knock it off. Stop it by hood adjacent. If you're

1142
01:06:06,880 --> 01:06:10,840
Speaker 2: in Atlanta watching this, I'm talking about from Midtown where

1143
01:06:10,840 --> 01:06:12,440
Speaker 2: the rich cost it is in my office is one

1144
01:06:12,800 --> 01:06:16,200
Speaker 2: one building south of the airport. It's a gold mine.

1145
01:06:16,960 --> 01:06:23,120
Speaker 2: Anything's close to transportation, jobs, economic activity, vitality, and and

1146
01:06:23,320 --> 01:06:27,080
Speaker 2: proximity is a gold mine. Buy it by the worst

1147
01:06:27,080 --> 01:06:31,240
Speaker 2: house on the best block. Hood adjacent by the worst

1148
01:06:31,320 --> 01:06:38,960
Speaker 2: house on the best block. No many mansions, no flossing.

1149
01:06:38,920 --> 01:06:42,320
Speaker 1: No living huh you get no spreads, no.

1150
01:06:42,240 --> 01:06:48,440
Speaker 2: Spreads by hood adjacent. Buy it, rehabit, live and live

1151
01:06:48,480 --> 01:06:53,160
Speaker 2: in it three years. Pull equity out through a line

1152
01:06:53,200 --> 01:06:57,600
Speaker 2: of credit, and he and they they call it old

1153
01:06:57,600 --> 01:07:02,439
Speaker 2: equity line of credit. You lock pull my out. Buy

1154
01:07:02,480 --> 01:07:08,360
Speaker 2: the next house three blocks away, buy it, rehabit. Not

1155
01:07:08,520 --> 01:07:11,840
Speaker 2: with Pooky them, not with your cousin. They're gonna mess

1156
01:07:11,920 --> 01:07:15,200
Speaker 2: up all your money. Pull permit pull you. By the way,

1157
01:07:15,240 --> 01:07:18,320
Speaker 2: the difference between a hustler and a business person is paperwork. Right,

1158
01:07:19,120 --> 01:07:20,520
Speaker 2: Please remember that. Write that one down.

1159
01:07:20,600 --> 01:07:22,560
Speaker 3: So take the equity after the new house.

1160
01:07:23,600 --> 01:07:27,400
Speaker 2: Equity out of the new house moderately, conservatively, nothing's gonna

1161
01:07:27,440 --> 01:07:30,440
Speaker 2: cause you the default if things go south, because you

1162
01:07:30,480 --> 01:07:33,760
Speaker 2: still got to payoff there. You go take the equity out,

1163
01:07:35,160 --> 01:07:39,760
Speaker 2: get a limited liability el see limited liability corporation. Else

1164
01:07:39,880 --> 01:07:42,280
Speaker 2: you can do it a one page of twenty bucks

1165
01:07:43,080 --> 01:07:45,400
Speaker 2: and figure out who your partners are in that. If

1166
01:07:45,400 --> 01:07:49,040
Speaker 2: you need partners, document it because folks get amnesia when

1167
01:07:49,040 --> 01:07:50,920
Speaker 2: she goes south of the border, and the money when

1168
01:07:51,000 --> 01:07:53,040
Speaker 2: when either money shows up or the money leads, people

1169
01:07:53,040 --> 01:07:56,400
Speaker 2: get amnesia. All right, So you need to rationalize to

1170
01:07:56,440 --> 01:08:00,360
Speaker 2: tell rationalize like people start start history becomes his story

1171
01:08:00,520 --> 01:08:03,280
Speaker 2: like you need it written down and non emotional. Then

1172
01:08:03,280 --> 01:08:05,800
Speaker 2: I need to get qualified vendors again. No Pooky nam,

1173
01:08:05,880 --> 01:08:08,960
Speaker 2: no cousins, people who are qualified vendors with.

1174
01:08:09,000 --> 01:08:12,960
Speaker 1: References license and bonded license in bonded right.

1175
01:08:13,040 --> 01:08:15,280
Speaker 2: So, and I want and I want you to hire

1176
01:08:15,280 --> 01:08:19,640
Speaker 2: from our community plumbers, electricians, lighting, roofing, right, and I

1177
01:08:19,680 --> 01:08:23,360
Speaker 2: want them to rehab that on budget. Are below budget? Right,

1178
01:08:23,680 --> 01:08:24,799
Speaker 2: then you rent that out.

1179
01:08:25,600 --> 01:08:28,599
Speaker 3: And you do it twenty.

1180
01:08:29,000 --> 01:08:31,880
Speaker 2: No, you do nothing about what I do. Nothing but

1181
01:08:31,960 --> 01:08:37,400
Speaker 2: what I just said in Atlanta twice three times max.

1182
01:08:37,439 --> 01:08:39,760
Speaker 2: And in five years you'll be worth a million dollars.

1183
01:08:40,280 --> 01:08:43,880
Speaker 2: You do that. I mean, because a home is gonna

1184
01:08:43,880 --> 01:08:47,960
Speaker 2: be two fifty, you're gonna buy it for one hundred.

1185
01:08:49,400 --> 01:08:52,960
Speaker 2: You're gonna put fifty into it. It's gonna be worth

1186
01:08:53,000 --> 01:08:56,400
Speaker 2: two fifty. It's gonna go up to four I think

1187
01:08:56,439 --> 01:09:00,640
Speaker 2: four hundred. Right, You're gonna do that three times the

1188
01:09:00,720 --> 01:09:05,080
Speaker 2: equity net of the debt plus the other things you

1189
01:09:05,080 --> 01:09:06,960
Speaker 2: got going on is a may all not worth plus

1190
01:09:07,000 --> 01:09:10,559
Speaker 2: your license life insurance proceeds your millionaire and you're working

1191
01:09:10,600 --> 01:09:14,920
Speaker 2: in an hourly job and you just keep rinsing and repeating,

1192
01:09:15,280 --> 01:09:20,080
Speaker 2: rinsing and repeating. You make its compounding. You make money

1193
01:09:20,160 --> 01:09:24,320
Speaker 2: during the day. You build wealth in your sleek stocks, bonds,

1194
01:09:24,360 --> 01:09:28,719
Speaker 2: home ownership, business, real estate, real estate, real estate, real estate,

1195
01:09:28,840 --> 01:09:30,840
Speaker 2: real estate, waiting.

1196
01:09:30,600 --> 01:09:32,040
Speaker 3: Your total little two three time.

1197
01:09:32,880 --> 01:09:35,840
Speaker 2: I've done it seven hundred times. That's trying to get No. No, no, no, no,

1198
01:09:35,840 --> 01:09:38,840
Speaker 2: no, no no, it's too much. No no, by the way, no.

1199
01:09:39,520 --> 01:09:43,759
Speaker 2: You said to me, what does the average person do? Understood? Okay,

1200
01:09:44,080 --> 01:09:45,800
Speaker 2: I'm telling you what anybody can do. I'm telling you

1201
01:09:45,840 --> 01:09:48,480
Speaker 2: what my mother did. My mother did it seven times.

1202
01:09:48,920 --> 01:09:51,000
Speaker 2: But you can just do. First of all, just buy

1203
01:09:51,000 --> 01:09:54,680
Speaker 2: a house. Let's just get like forty percent of is

1204
01:09:54,720 --> 01:09:56,320
Speaker 2: on a home. Were sitting here having a debate about

1205
01:09:56,320 --> 01:09:58,840
Speaker 2: whether I should own own like this. This stuff's going up.

1206
01:09:58,880 --> 01:10:01,439
Speaker 2: Why you debating? But there's three things that have never

1207
01:10:01,479 --> 01:10:08,679
Speaker 2: gone south, gone banned American history. Real estate values, stock

1208
01:10:08,760 --> 01:10:13,880
Speaker 2: market values GDP of this country. Now somebody watching will say, ah,

1209
01:10:13,920 --> 01:10:18,000
Speaker 2: I got them. Real estate went down, real stay exploded.

1210
01:10:18,040 --> 01:10:21,559
Speaker 2: It was a recession. Yes, real estate goes up, stock

1211
01:10:21,640 --> 01:10:27,720
Speaker 2: goes up. There's a recession that means it recedes, got

1212
01:10:27,720 --> 01:10:30,479
Speaker 2: to pull back and then it corrects above the line.

1213
01:10:31,400 --> 01:10:35,559
Speaker 2: Every time. What do we do? We sail on the loss,

1214
01:10:36,600 --> 01:10:40,840
Speaker 2: the DUFF goes down. We financially illterate. But what are

1215
01:10:40,840 --> 01:10:45,200
Speaker 2: my broke friends told me that lane son, that's why

1216
01:10:45,240 --> 01:10:50,639
Speaker 2: they prove consider the source of the knowledge you're getting.

1217
01:10:50,680 --> 01:10:54,719
Speaker 2: Here's what I learned. We spend a lot of time

1218
01:10:55,040 --> 01:10:57,240
Speaker 2: trying to impress somebody we don't want to be like

1219
01:11:00,960 --> 01:11:05,639
Speaker 2: let that digest. We spend a lot of time trying

1220
01:11:05,640 --> 01:11:07,679
Speaker 2: to impress the three square blocks celebrity.

1221
01:11:09,040 --> 01:11:12,479
Speaker 4: It's a being people in the world who three square flocks.

1222
01:11:14,000 --> 01:11:14,400
Speaker 2: He ain't.

1223
01:11:16,479 --> 01:11:19,000
Speaker 3: Going three streets nobody.

1224
01:11:18,640 --> 01:11:21,960
Speaker 2: Knows in six weeks sixth Street streets away cares nobody

1225
01:11:22,040 --> 01:11:24,840
Speaker 2: knows them the next city. But we obsessing about this

1226
01:11:24,880 --> 01:11:29,799
Speaker 2: little knucklehead we're in fake training change and his peans

1227
01:11:29,880 --> 01:11:33,920
Speaker 2: down to his ass and got go tevos in his mouth,

1228
01:11:33,960 --> 01:11:37,400
Speaker 2: and and and and tattoos on the side of his head. Look,

1229
01:11:37,640 --> 01:11:40,360
Speaker 2: I was giving the speech once and I was at

1230
01:11:40,439 --> 01:11:42,360
Speaker 2: I went, I love going to the roughest school. You

1231
01:11:42,400 --> 01:11:44,479
Speaker 2: take me to the roughest school, the roughest neighborhood. And

1232
01:11:44,760 --> 01:11:47,880
Speaker 2: I said, get everybody in in the auditoriums wasn't auditory.

1233
01:11:48,200 --> 01:11:49,880
Speaker 2: I never said this stuff before. I'm telling you I

1234
01:11:49,920 --> 01:11:53,200
Speaker 2: went to the auditory. Everybody loud, I tell you, poor neighbors,

1235
01:11:53,240 --> 01:11:57,400
Speaker 2: and well right, scream and holler. I walked into the

1236
01:11:57,439 --> 01:12:00,439
Speaker 2: center that the principles with me. I said, please stay here,

1237
01:12:00,560 --> 01:12:02,400
Speaker 2: don't don't go with me. I had a suit off.

1238
01:12:02,880 --> 01:12:05,600
Speaker 2: I walked into the center of the auditorium and I

1239
01:12:05,600 --> 01:12:09,200
Speaker 2: stood there for three minutes, didn't say a word. Now,

1240
01:12:09,200 --> 01:12:15,920
Speaker 2: you guys are smart people. What happened? They what happened?

1241
01:12:16,680 --> 01:12:18,080
Speaker 2: Did it get louder? Did it get quiet?

1242
01:12:18,080 --> 01:12:19,000
Speaker 1: I got quiet.

1243
01:12:21,200 --> 01:12:26,760
Speaker 2: You can hear a pin drop. People like, what's so

1244
01:12:26,920 --> 01:12:33,000
Speaker 2: with this? You're serious? If I'm serious, they're serious. If

1245
01:12:33,040 --> 01:12:35,840
Speaker 2: I'm playing around, they playing around. If I'm holding, if

1246
01:12:35,840 --> 01:12:37,960
Speaker 2: I'm low standards, they got low standards. If I have

1247
01:12:38,080 --> 01:12:41,479
Speaker 2: high standards. So I walked out, and I stood in

1248
01:12:41,520 --> 01:12:43,280
Speaker 2: the middle of the room and looked at my watch

1249
01:12:45,000 --> 01:12:47,160
Speaker 2: the second time I looked at my watch dead quiet.

1250
01:12:47,240 --> 01:12:50,639
Speaker 2: I said, good job. You've now just debunked the myth

1251
01:12:50,720 --> 01:12:55,840
Speaker 2: that you're stupid, that you're lazy, that you're shiftless, that

1252
01:12:55,880 --> 01:12:58,200
Speaker 2: you're unintelligent. You don't even know who I am, You

1253
01:12:58,200 --> 01:13:00,400
Speaker 2: don't even know why I'm here. So now I'm gonna

1254
01:13:00,400 --> 01:13:03,360
Speaker 2: give you a gift. Please pay attention. And I found

1255
01:13:03,640 --> 01:13:06,880
Speaker 2: the brother in that auditorium who is a ring leader

1256
01:13:06,920 --> 01:13:09,600
Speaker 2: for the whole situation. The three square blocks. Celebrity was

1257
01:13:09,640 --> 01:13:14,760
Speaker 2: sitting on the front row with his white beater on,

1258
01:13:15,560 --> 01:13:20,400
Speaker 2: his pants down his ass like this, with his sunglasses

1259
01:13:20,439 --> 01:13:25,120
Speaker 2: on in an auditorium. I went over to him, Yo, man,

1260
01:13:25,120 --> 01:13:28,080
Speaker 2: how you doing? What's up? Man? What's your name? Tommy? Man?

1261
01:13:28,120 --> 01:13:28,519
Speaker 2: What's up?

1262
01:13:28,920 --> 01:13:29,479
Speaker 3: What's up? Me?

1263
01:13:29,479 --> 01:13:33,599
Speaker 2: Ask your question? In this example, you're the father you've had,

1264
01:13:33,960 --> 01:13:37,519
Speaker 2: You've grown up. You have a daughter, you love your daughter?

1265
01:13:37,560 --> 01:13:39,360
Speaker 2: In this example, oh yeah, man, I have a daughter.

1266
01:13:39,400 --> 01:13:42,400
Speaker 2: I love my daughter. You do anything of your daughter? Man,

1267
01:13:42,400 --> 01:13:43,920
Speaker 2: I do anything with my daughter. Will you dip your

1268
01:13:44,479 --> 01:13:46,880
Speaker 2: damn right? Bro, I die with my daughter. Okay, cool,

1269
01:13:46,960 --> 01:13:50,759
Speaker 2: come calm down. So now you're in your house. You succeeded.

1270
01:13:50,800 --> 01:13:54,559
Speaker 2: You got your house. Your daughter's in your house. Somebody

1271
01:13:54,600 --> 01:13:56,120
Speaker 2: comes to the front door, knocks in the front door.

1272
01:13:56,200 --> 01:13:59,360
Speaker 2: You open the front door. He's got gold teeth, he's

1273
01:13:59,360 --> 01:14:03,639
Speaker 2: got a tattoo his neck, he's got sunglasses on at night.

1274
01:14:04,160 --> 01:14:06,280
Speaker 2: You got a wife beater on. He's got his pants

1275
01:14:06,280 --> 01:14:08,400
Speaker 2: down to his ass. He said, yo, yo, yo, man,

1276
01:14:08,439 --> 01:14:09,960
Speaker 2: what's up? You know what I'm saying? What's up with something?

1277
01:14:10,000 --> 01:14:11,640
Speaker 2: You know what I'm saying. I'm saying, I'm here for

1278
01:14:11,680 --> 01:14:15,479
Speaker 2: your daughter. I wanna marry your daughter. I said, what

1279
01:14:15,520 --> 01:14:17,240
Speaker 2: do you say to him? He said, man, you need

1280
01:14:17,280 --> 01:14:19,960
Speaker 2: the fuck it. Excuse me, they're getting the fudge off

1281
01:14:20,080 --> 01:14:22,960
Speaker 2: my porch. You ain't. You ain't touching my daughter. You

1282
01:14:23,000 --> 01:14:28,519
Speaker 2: aren't getting any work close to my daughter. So when

1283
01:14:28,520 --> 01:14:34,760
Speaker 2: he said that auditorium did like this, I did like this.

1284
01:14:36,120 --> 01:14:39,760
Speaker 2: It was long, and he was like, yo, yeah. So

1285
01:14:39,840 --> 01:14:42,559
Speaker 2: I turned him. I said, yo, man, that's your question.

1286
01:14:43,760 --> 01:14:47,840
Speaker 2: Great answer. Why is it not good enough for your

1287
01:14:47,920 --> 01:14:52,160
Speaker 2: daughter but it's good enough for you? Turned his whole

1288
01:14:52,160 --> 01:14:59,479
Speaker 2: life around. We have got to wake up. We we

1289
01:14:59,479 --> 01:15:03,360
Speaker 2: we are geniuses. We've been doing so much with so

1290
01:15:03,520 --> 01:15:07,559
Speaker 2: little for so long. We can almost do anything with nothing.

1291
01:15:10,560 --> 01:15:18,000
Speaker 2: But the game we've mastered needs a software upgrade. The

1292
01:15:18,000 --> 01:15:20,280
Speaker 2: phone you have in your pocket, is it an iPhone

1293
01:15:21,920 --> 01:15:23,479
Speaker 2: sixteen Pro? No?

1294
01:15:23,640 --> 01:15:26,360
Speaker 3: Sub I kept the old one, which one seven?

1295
01:15:26,840 --> 01:15:30,840
Speaker 2: Oh you're seven or you're a real capitalist? You keep

1296
01:15:30,840 --> 01:15:32,360
Speaker 2: getting software upgrades though?

1297
01:15:32,439 --> 01:15:34,840
Speaker 4: Right once I didd the one time and I know

1298
01:15:34,880 --> 01:15:36,120
Speaker 4: that they're gonna miss my phone up.

1299
01:15:36,080 --> 01:15:36,519
Speaker 3: I stopped.

1300
01:15:36,640 --> 01:15:40,200
Speaker 2: Okay, so I've got a sixteen Pro. I'm a techie.

1301
01:15:40,240 --> 01:15:44,040
Speaker 2: I loved it. I just got this phone. I think though,

1302
01:15:44,520 --> 01:15:47,040
Speaker 2: zing let me keep my phone, so I'm not gonna

1303
01:15:47,040 --> 01:15:48,680
Speaker 2: turn it on as I wanted to buzz. But but

1304
01:15:48,680 --> 01:15:50,519
Speaker 2: if the phone was on, I go to General, I

1305
01:15:50,640 --> 01:15:54,519
Speaker 2: go into summary, and I go to software. It shows

1306
01:15:54,640 --> 01:15:57,920
Speaker 2: eighteen point nine. Now the phone just came out last year.

1307
01:15:59,200 --> 01:16:01,240
Speaker 2: As soon as its phone came out, I got a

1308
01:16:01,280 --> 01:16:07,439
Speaker 2: notification there's a software upgrade. There is no perfect. Don't

1309
01:16:07,479 --> 01:16:10,040
Speaker 2: let the perfect become the death of the good. But

1310
01:16:10,320 --> 01:16:15,960
Speaker 2: even the leading company in the world for phones recognizes

1311
01:16:16,000 --> 01:16:20,920
Speaker 2: when they made their product it was imperfect. They needed

1312
01:16:20,920 --> 01:16:23,759
Speaker 2: to keep improving it in order to stay on point.

1313
01:16:24,280 --> 01:16:29,000
Speaker 2: You want to be Netflix, not Blockbuster. You want to

1314
01:16:29,000 --> 01:16:36,439
Speaker 2: be Amazon or Walmart, not Kmart or Sears. You got

1315
01:16:36,439 --> 01:16:41,400
Speaker 2: to keep upgrading that software. We're not upgrading our software

1316
01:16:42,080 --> 01:16:48,160
Speaker 2: fast enough. That's why I'm here. That's why I'm the plumber.

1317
01:16:49,760 --> 01:16:50,679
Speaker 2: I think we're brilliant.

1318
01:16:52,080 --> 01:16:53,559
Speaker 1: I got to ask you this because I was on

1319
01:16:53,600 --> 01:16:56,840
Speaker 1: your Instagram and I saw you respond to a video

1320
01:16:56,880 --> 01:17:00,360
Speaker 1: of a rapper when he had the revelation that buying

1321
01:17:00,400 --> 01:17:04,400
Speaker 1: design a ship was just want something else. The rapper

1322
01:17:04,439 --> 01:17:06,639
Speaker 1: where you said assets not on your asses.

1323
01:17:08,400 --> 01:17:10,479
Speaker 2: Your asset cannot just be on your ass. There you go,

1324
01:17:15,479 --> 01:17:16,439
Speaker 2: So what's your question.

1325
01:17:17,920 --> 01:17:20,240
Speaker 1: Is that you you like here, you got it so

1326
01:17:20,360 --> 01:17:23,040
Speaker 1: quiet and here everybody's listening, just the way that you're

1327
01:17:23,040 --> 01:17:26,840
Speaker 1: able to connect the things that you know with the

1328
01:17:26,880 --> 01:17:27,840
Speaker 1: people that you see.

1329
01:17:28,920 --> 01:17:31,280
Speaker 2: I love my people. I think people can feel that

1330
01:17:31,360 --> 01:17:32,840
Speaker 2: I love that. I love my people.

1331
01:17:33,080 --> 01:17:36,639
Speaker 1: And you're the only person in the financial space though

1332
01:17:37,080 --> 01:17:40,760
Speaker 1: that i've heard as a black person who didn't make

1333
01:17:40,760 --> 01:17:44,920
Speaker 1: the ship sound like it was hopeless, or made it

1334
01:17:44,960 --> 01:17:47,840
Speaker 1: seem like it was so out of reach that it's unattainable.

1335
01:17:47,960 --> 01:17:52,960
Speaker 2: Sometimes people make things complicated so that you don't attempt it.

1336
01:17:53,520 --> 01:17:55,840
Speaker 3: H m hmm.

1337
01:17:58,080 --> 01:18:01,720
Speaker 2: I want everybody to win. Why would I make Why

1338
01:18:01,720 --> 01:18:04,880
Speaker 2: would I want to make it complicated? I mean, why

1339
01:18:04,920 --> 01:18:07,200
Speaker 2: would I want to make this as simple as possible

1340
01:18:07,240 --> 01:18:09,519
Speaker 2: as that old Southern saying, put it where the goats

1341
01:18:09,520 --> 01:18:12,559
Speaker 2: can get it. I want to I want to get

1342
01:18:12,560 --> 01:18:15,639
Speaker 2: this thing down to a point where everybody can see

1343
01:18:15,640 --> 01:18:20,280
Speaker 2: the ladder stuck in the ground. I mean, start going

1344
01:18:20,360 --> 01:18:24,080
Speaker 2: up that ladder. Because all of my g all of

1345
01:18:24,120 --> 01:18:27,639
Speaker 2: our GDP, all of our success depends on this country.

1346
01:18:28,040 --> 01:18:32,120
Speaker 2: You never had a superpower that wasn't the economic power

1347
01:18:32,160 --> 01:18:34,679
Speaker 2: at the same time in the history of the world.

1348
01:18:36,520 --> 01:18:39,840
Speaker 2: I'll repeat that you never had a superpower. Now I'm

1349
01:18:39,840 --> 01:18:43,200
Speaker 2: gonna now go from the streets to the suites. I'm

1350
01:18:43,240 --> 01:18:46,439
Speaker 2: about to go from the hood to the capitol, from

1351
01:18:46,439 --> 01:18:51,520
Speaker 2: civil rights to civil rights. There's never been a superpower

1352
01:18:51,760 --> 01:18:55,240
Speaker 2: that wasn't the economic power at the same time. Think

1353
01:18:55,479 --> 01:19:00,920
Speaker 2: Caesar and Rome, Think France, Think Germany when it was

1354
01:19:01,080 --> 01:19:07,400
Speaker 2: falling America today. So in order to be the superpower,

1355
01:19:07,439 --> 01:19:10,680
Speaker 2: you have to be the economic power. What's driving the economy?

1356
01:19:11,360 --> 01:19:15,800
Speaker 2: Consumer spending? Seventy percent of the economy in the US,

1357
01:19:15,920 --> 01:19:19,600
Speaker 2: in the UK and developed economy is consumer spending up

1358
01:19:19,720 --> 01:19:21,400
Speaker 2: until now? It's not look like us.

1359
01:19:21,640 --> 01:19:23,559
Speaker 1: What are some of the gauges that you look at

1360
01:19:23,560 --> 01:19:27,080
Speaker 1: in everyday life that kind of let you know what

1361
01:19:27,280 --> 01:19:27,640
Speaker 1: moves to.

1362
01:19:27,720 --> 01:19:37,839
Speaker 2: Make America's not a country, she's an idea, So a sentiment, vibe.

1363
01:19:39,120 --> 01:19:43,320
Speaker 2: What's going public in Wall Street? It's storytelling. That's where

1364
01:19:43,320 --> 01:19:46,519
Speaker 2: we're bringing at. It's a narrative. Taking a company public

1365
01:19:46,840 --> 01:19:49,559
Speaker 2: is telling a story. It's a narrative that ends up

1366
01:19:49,560 --> 01:19:55,639
Speaker 2: with somebody wanting to bot you're good brother, right, So

1367
01:19:56,040 --> 01:19:58,320
Speaker 2: what are you doing in the music business? Your storyteller?

1368
01:19:59,680 --> 01:20:02,960
Speaker 2: What do you doing with this podcast? Your storytelling? What

1369
01:20:03,040 --> 01:20:12,320
Speaker 2: a black people genius said storytelling. We just don't understand capital, okay,

1370
01:20:13,120 --> 01:20:18,479
Speaker 2: Artificial intelligence. Nine percent of white folks nine nine percent

1371
01:20:18,520 --> 01:20:22,720
Speaker 2: of black people don't know a thing about AI. Nine

1372
01:20:23,000 --> 01:20:26,120
Speaker 2: percent of black people and white people also don't have

1373
01:20:26,160 --> 01:20:28,760
Speaker 2: a don't know a thing about AI. This is Van

1374
01:20:28,840 --> 01:20:32,880
Speaker 2: Jones quote. This is going to change our entire life

1375
01:20:33,439 --> 01:20:40,360
Speaker 2: by twenty thirty, not twenty fifty, within five years. I'm

1376
01:20:40,520 --> 01:20:42,240
Speaker 2: happy to come back and talk just about that. By

1377
01:20:42,280 --> 01:20:46,519
Speaker 2: the way, but your job, your job, your job, our

1378
01:20:46,560 --> 01:20:49,720
Speaker 2: cousin's job, are loved one jobs. They're not gonna be

1379
01:20:49,720 --> 01:20:53,200
Speaker 2: taken out by AI. It's gonna be taken out by

1380
01:20:53,200 --> 01:21:03,960
Speaker 2: somebody who knows how to use AI. We are most

1381
01:21:04,600 --> 01:21:07,519
Speaker 2: at risk in this situation. Again, I'm talking about I'm

1382
01:21:07,520 --> 01:21:10,880
Speaker 2: always I'm nosy, I'm always paying attention. We are at

1383
01:21:10,960 --> 01:21:16,280
Speaker 2: risk because in the spaces where we own the creativity,

1384
01:21:16,320 --> 01:21:19,960
Speaker 2: we didn't own the capitol. So the music business changed

1385
01:21:19,960 --> 01:21:23,600
Speaker 2: and we couldn't change with it. So the contracts, the

1386
01:21:23,920 --> 01:21:28,599
Speaker 2: great signing bonuses, the great publishing deals that's out. Now

1387
01:21:28,640 --> 01:21:34,720
Speaker 2: you're making money on touring and merchandising, whatever andever, and

1388
01:21:35,600 --> 01:21:38,240
Speaker 2: that's only as good as your ability to keep again,

1389
01:21:38,439 --> 01:21:42,360
Speaker 2: transacting now. So, as Quincy Jones said, if you think

1390
01:21:42,400 --> 01:21:44,320
Speaker 2: you're in the music business and you don't own music rights,

1391
01:21:44,320 --> 01:21:46,920
Speaker 2: publishing rights, and licensing rights, you're not in the music business.

1392
01:21:46,960 --> 01:21:54,160
Speaker 2: You're a temporary performer. So now look back to AI.

1393
01:21:54,920 --> 01:21:59,120
Speaker 2: So initially AI is going to devastate our communities because

1394
01:21:59,160 --> 01:22:03,240
Speaker 2: forty percent of are in you know, high school, educate,

1395
01:22:03,439 --> 01:22:07,240
Speaker 2: kated relative, you know level customer service stuff. You go

1396
01:22:07,280 --> 01:22:12,240
Speaker 2: to the you go to CBS, Walgreens, whatever convenience store.

1397
01:22:12,360 --> 01:22:15,760
Speaker 2: You go to a fast food restaurants, always somebody with

1398
01:22:15,800 --> 01:22:20,200
Speaker 2: an attitude, what you want my food? That person's gone

1399
01:22:21,840 --> 01:22:23,479
Speaker 2: ten years ago. Five years ago, you went to the

1400
01:22:23,520 --> 01:22:27,519
Speaker 2: grocery store, it was twelve tap tell me if I'm wrong,

1401
01:22:27,640 --> 01:22:34,480
Speaker 2: twelve tellers, one self checkout test. You go to CBS

1402
01:22:34,479 --> 01:22:43,400
Speaker 2: Walgreens today, departmise grocery store, one teller, ten self checkouts

1403
01:22:43,479 --> 01:22:47,040
Speaker 2: with one person doing oversight. Mean make sure you don't steal.

1404
01:22:48,680 --> 01:22:50,439
Speaker 2: You go to the convenience you go to a fast

1405
01:22:50,439 --> 01:22:53,559
Speaker 2: food restaurant at the airport. Used to be twelve people,

1406
01:22:53,760 --> 01:22:57,240
Speaker 2: then nine people, then five people. Now you're punching in

1407
01:22:57,280 --> 01:23:01,080
Speaker 2: your own order and there's two people behind with robotics,

1408
01:23:01,880 --> 01:23:07,360
Speaker 2: Am I if I total liyet? No, those jobs are gone.

1409
01:23:07,560 --> 01:23:14,000
Speaker 2: You're gonna have three hundred million virtual humanoid AI robots

1410
01:23:14,080 --> 01:23:17,479
Speaker 2: by twenty thirty, which means they're gonna call you on

1411
01:23:17,520 --> 01:23:19,360
Speaker 2: the phone, or you'll call them and you won't be

1412
01:23:19,439 --> 01:23:23,040
Speaker 2: to tell that You're you won't be to tell and

1413
01:23:23,160 --> 01:23:26,479
Speaker 2: that's not him on the phone. By twenty thirty. By

1414
01:23:26,560 --> 01:23:31,360
Speaker 2: twenty fifty, in our lifetime, you're gonna have three hundred

1415
01:23:31,360 --> 01:23:39,799
Speaker 2: million humanoid humanoid AI robots, which means walking amongst us.

1416
01:23:40,680 --> 01:23:42,880
Speaker 3: Why why?

1417
01:23:44,520 --> 01:23:46,360
Speaker 2: I mean, look, we don't have time with this.

1418
01:23:46,520 --> 01:23:49,200
Speaker 3: It's just you didn't want to create a human rule back.

1419
01:23:49,520 --> 01:23:53,320
Speaker 2: No, No, it's it's changed. It's it's evolution. Is technology?

1420
01:23:53,400 --> 01:23:58,680
Speaker 2: Is capitalism? Right? Why slavery? I mean, we're gonna have

1421
01:23:58,720 --> 01:24:00,639
Speaker 2: time for Why I can tell you what I can

1422
01:24:00,680 --> 01:24:03,720
Speaker 2: tell you? How ask God? Why? I mean, I'm just

1423
01:24:03,720 --> 01:24:07,160
Speaker 2: telling you we cannot sit around and debate this. This

1424
01:24:07,200 --> 01:24:10,960
Speaker 2: is happening right now, right now. My point of this

1425
01:24:11,040 --> 01:24:15,799
Speaker 2: is the same creativity I mentioned you can't be replaced

1426
01:24:15,800 --> 01:24:23,080
Speaker 2: by AI. Well, and what you do, the creativity, the innovation,

1427
01:24:23,840 --> 01:24:30,040
Speaker 2: the leadership, They that all the stickiness, the unique textures

1428
01:24:30,400 --> 01:24:33,479
Speaker 2: that are Black America. You combine that with the power

1429
01:24:33,920 --> 01:24:39,599
Speaker 2: of technology AI boom, you can create a whole new

1430
01:24:39,640 --> 01:24:41,320
Speaker 2: level of wealth. Let me tell you how to create

1431
01:24:41,360 --> 01:24:45,080
Speaker 2: wealth for us without the government we spend all our time.

1432
01:24:46,360 --> 01:24:47,680
Speaker 2: I said this before. I think I said it on

1433
01:24:47,680 --> 01:24:50,320
Speaker 2: Cam Newton's show. I actually went viral people. He asked

1434
01:24:50,320 --> 01:24:51,880
Speaker 2: me about Dede and I. This was I don't know

1435
01:24:52,320 --> 01:24:55,360
Speaker 2: earlier this year. I don't care about d E and I.

1436
01:24:55,439 --> 01:24:59,160
Speaker 2: We're fifth on the list. All people are fifth on

1437
01:24:59,160 --> 01:25:03,759
Speaker 2: the list. It's white women and military. I mean, why

1438
01:25:03,800 --> 01:25:05,639
Speaker 2: are we arguing about Because they want you to argue.

1439
01:25:05,760 --> 01:25:10,280
Speaker 2: They want you distracted, they want you wasting your time.

1440
01:25:10,360 --> 01:25:15,000
Speaker 2: They want you to be the poster child because black

1441
01:25:15,040 --> 01:25:18,920
Speaker 2: people trigger folks and then they can raise money and

1442
01:25:19,080 --> 01:25:21,880
Speaker 2: do all kind of stuff politically on that ignore the noise.

1443
01:25:22,400 --> 01:25:24,720
Speaker 2: I don't care about d and I kill it. I

1444
01:25:24,720 --> 01:25:27,200
Speaker 2: don't care about that because what you cannot kill is

1445
01:25:27,200 --> 01:25:29,439
Speaker 2: a power of diversity. I've already talked to you about

1446
01:25:29,439 --> 01:25:32,160
Speaker 2: the numbers. That's just a I like math. It doesn't

1447
01:25:32,160 --> 01:25:34,599
Speaker 2: have an opinion. Again, my rich phrase need my poor

1448
01:25:34,600 --> 01:25:37,679
Speaker 2: friends do better, if only to stay rich. It's never

1449
01:25:37,760 --> 01:25:41,120
Speaker 2: happened in the history of the world. So here's how

1450
01:25:41,200 --> 01:25:43,840
Speaker 2: I wrote a business plan for Black America. You can go.

1451
01:25:44,040 --> 01:25:47,519
Speaker 2: You can go to Dream Forward John O'Brien downloaded, don't

1452
01:25:48,000 --> 01:25:51,200
Speaker 2: it's free. I've already written it. But here's what it says.

1453
01:25:51,240 --> 01:25:56,720
Speaker 2: I'm gonna make this real quick. If black people do

1454
01:25:56,760 --> 01:26:00,519
Speaker 2: nothing but raise a credit score one hundred points and

1455
01:26:00,680 --> 01:26:03,200
Speaker 2: ten years is worth seven hundred and fifty billion dollars.

1456
01:26:03,520 --> 01:26:07,040
Speaker 2: Now back up, Let's assume we go begging for reparations.

1457
01:26:08,760 --> 01:26:12,519
Speaker 2: It's worth twenty one trillion dollars of lost wages forty

1458
01:26:12,560 --> 01:26:15,120
Speaker 2: four trillion dollars. If you've talk about lost opportunity. This

1459
01:26:15,160 --> 01:26:17,120
Speaker 2: country only has three thirty three dollars a year in

1460
01:26:17,160 --> 01:26:19,479
Speaker 2: annual GDP. We're the biggest country in the world, but

1461
01:26:19,479 --> 01:26:23,160
Speaker 2: they can't afford to pay us for reparations. That's never, ever, ever, ever,

1462
01:26:23,280 --> 01:26:24,920
Speaker 2: ever going to happen. But let's just say what we

1463
01:26:24,960 --> 01:26:26,840
Speaker 2: can get a discount. We're gonna Let's say we get

1464
01:26:27,080 --> 01:26:30,160
Speaker 2: Let's say this government had some kind of a spiritual conversion,

1465
01:26:30,240 --> 01:26:32,280
Speaker 2: because they're not giving you anything. They've been this government

1466
01:26:32,320 --> 01:26:35,080
Speaker 2: is basically said, black folks, you are on your own.

1467
01:26:36,680 --> 01:26:39,240
Speaker 2: But let's assume they have some conversion and they say, Okay,

1468
01:26:39,280 --> 01:26:41,360
Speaker 2: we're gonna give you reparations. I've just told you what

1469
01:26:41,400 --> 01:26:45,280
Speaker 2: they owe us. Forty four trillion. Maybe we get I

1470
01:26:45,280 --> 01:26:49,280
Speaker 2: don't know, three hundred billion, maybe on a good day.

1471
01:26:49,360 --> 01:26:52,320
Speaker 2: Six hundred billion over ten years. Sounds like a lot

1472
01:26:52,360 --> 01:26:57,280
Speaker 2: of money. Hold that's aside from them baximum six hundred billion. Okay.

1473
01:26:57,840 --> 01:27:00,000
Speaker 2: But if you raise your credit score one hundred points

1474
01:27:00,640 --> 01:27:03,880
Speaker 2: seven fifty seven and fifty billion, and I have to

1475
01:27:03,920 --> 01:27:06,559
Speaker 2: ask you for a thing. I go to the computer

1476
01:27:06,600 --> 01:27:08,479
Speaker 2: at midnight with a center to the credit score, and

1477
01:27:08,520 --> 01:27:12,759
Speaker 2: the computer just says, yes. Is I asking your color?

1478
01:27:12,880 --> 01:27:15,080
Speaker 2: Is I asking your race? Is I asking your agenda?

1479
01:27:15,240 --> 01:27:17,320
Speaker 2: Is I asking you put who you voted for? It

1480
01:27:17,439 --> 01:27:20,800
Speaker 2: don't care the AI the computer doants to know? Do

1481
01:27:20,880 --> 01:27:24,720
Speaker 2: you pay your dang on bills? And if it's less

1482
01:27:24,720 --> 01:27:27,360
Speaker 2: than one hundred thousand dollars your request? The computer just

1483
01:27:27,400 --> 01:27:31,400
Speaker 2: says yes. How does that make you feel? Makes me

1484
01:27:31,479 --> 01:27:36,160
Speaker 2: feel just fine. Now you take the credit score, now

1485
01:27:36,600 --> 01:27:41,360
Speaker 2: and you go buy a house. House that's worth eight

1486
01:27:41,479 --> 01:27:45,360
Speaker 2: hundred and fifty billion separate from the seven hundred and

1487
01:27:45,360 --> 01:27:51,839
Speaker 2: fifty billion, So that's a total of one point six trillion.

1488
01:27:52,800 --> 01:27:55,519
Speaker 2: What did I tell your reparations was three hundred and

1489
01:27:55,560 --> 01:27:57,800
Speaker 2: six hundred billion. Hold at us, Now you gotta go.

1490
01:27:57,880 --> 01:28:01,479
Speaker 2: You gotta go tap dance and big the government and

1491
01:28:01,800 --> 01:28:04,200
Speaker 2: hope the Congress and the Senate. I don't know how

1492
01:28:04,240 --> 01:28:05,439
Speaker 2: long is it gonna take you. I think it gonnake

1493
01:28:05,520 --> 01:28:09,400
Speaker 2: ten years, ten years best case scenario reparation. I'm gonna

1494
01:28:09,400 --> 01:28:12,320
Speaker 2: tell you how to do it. I'm just telling you.

1495
01:28:12,360 --> 01:28:14,920
Speaker 2: Here's your options. Or I can go get my credit

1496
01:28:14,960 --> 01:28:18,599
Speaker 2: straight and I go buy a house. As one point

1497
01:28:20,560 --> 01:28:25,599
Speaker 2: six trillion, then I can do AI. That's a trillion.

1498
01:28:25,800 --> 01:28:29,160
Speaker 2: Just talked about that separate trillion. So now we're at

1499
01:28:29,360 --> 01:28:32,599
Speaker 2: two point six trillion. Here's the drop the mic. Am

1500
01:28:32,680 --> 01:28:33,479
Speaker 2: I boring you guys?

1501
01:28:33,560 --> 01:28:36,080
Speaker 1: Hell no, you didn't even got the rappers over there, like,

1502
01:28:36,160 --> 01:28:37,360
Speaker 1: hell yeah, here's.

1503
01:28:37,120 --> 01:28:40,120
Speaker 2: The drop the mic. Here's why I want everybody. If

1504
01:28:40,160 --> 01:28:43,000
Speaker 2: you don't listen to anything I've said, please listen to this.

1505
01:28:45,880 --> 01:28:48,280
Speaker 2: There's one hundred and fifty one hundred and sixty trillion

1506
01:28:48,320 --> 01:28:53,000
Speaker 2: dollars of wealth in America. Fifty trillion dollars of that

1507
01:28:53,040 --> 01:28:56,599
Speaker 2: has been created since a year two thousand, fifty trillion,

1508
01:28:57,000 --> 01:28:59,800
Speaker 2: fifty trillion in the last twenty five years out of

1509
01:28:59,840 --> 01:29:03,720
Speaker 2: a hundred and sixty three dollars of wealth for the

1510
01:29:03,760 --> 01:29:07,719
Speaker 2: first time ever. Demographics have changed. You got more people

1511
01:29:07,760 --> 01:29:12,720
Speaker 2: over sixty five than under age eighteen. Yeah, those under

1512
01:29:12,760 --> 01:29:18,679
Speaker 2: eighteen look like us, all over sixty five, white, wealthy,

1513
01:29:19,080 --> 01:29:22,040
Speaker 2: trying to go play golf. All at the same time,

1514
01:29:23,439 --> 01:29:25,839
Speaker 2: it's gonna be one hundred trillion dollars of wealth transfer

1515
01:29:25,920 --> 01:29:28,920
Speaker 2: to inheritance in the next ten years. So the wives,

1516
01:29:28,960 --> 01:29:31,080
Speaker 2: the husbands, the kids can give the stocks, the bonds

1517
01:29:31,120 --> 01:29:36,479
Speaker 2: of cash, the houses. They don't want, the businesses too

1518
01:29:36,560 --> 01:29:41,320
Speaker 2: much work. That's fifteen You a step ahead of me.

1519
01:29:42,439 --> 01:29:49,240
Speaker 2: There's fifteen trillion dollars of successful. Please listen to this

1520
01:29:50,120 --> 01:29:58,720
Speaker 2: successful cash flowing real estate, having customer trust, it branded

1521
01:30:00,439 --> 01:30:05,200
Speaker 2: with equity. There's nothing wrong with him. There's no succession plan.

1522
01:30:07,000 --> 01:30:11,519
Speaker 2: They didn't need somebody to buy it. I'm joking, but

1523
01:30:11,560 --> 01:30:15,920
Speaker 2: I'm serious. Go meet you a white friend, Go meet

1524
01:30:15,920 --> 01:30:19,040
Speaker 2: you an Asian friend, Go meet you. I don't care

1525
01:30:19,080 --> 01:30:20,760
Speaker 2: what color they Go meet you a black dennist. I

1526
01:30:20,760 --> 01:30:25,320
Speaker 2: don't care. Go meet somebody not broke. Please. Every day

1527
01:30:25,360 --> 01:30:27,360
Speaker 2: you driving the freeway on the street, look up at

1528
01:30:27,360 --> 01:30:32,240
Speaker 2: that office building, those little windows. That's a dentist's office,

1529
01:30:32,600 --> 01:30:37,160
Speaker 2: next to a chiropractor, next to an architect, next to

1530
01:30:37,240 --> 01:30:41,320
Speaker 2: a law firm. Those are businesses you see though, Whoever,

1531
01:30:41,520 --> 01:30:44,360
Speaker 2: whatever town you watching this in You in Columbus, Georgia.

1532
01:30:44,439 --> 01:30:47,240
Speaker 2: Who's the biggest plumber in Columbus Georgia. You don't need

1533
01:30:47,240 --> 01:30:49,240
Speaker 2: the biggest plumber in Georgia. You don't need the biggest

1534
01:30:49,240 --> 01:30:51,880
Speaker 2: Georgia plumber in the in the southeast. You don't need

1535
01:30:51,880 --> 01:30:54,200
Speaker 2: the biggest whatever in the country. No, No, who's the

1536
01:30:54,280 --> 01:30:59,080
Speaker 2: biggest electrician in Columbus Georgia. Who's the biggest dentist in Columbus?

1537
01:30:59,240 --> 01:31:02,559
Speaker 2: And listen to me. I hope you This is the

1538
01:31:02,560 --> 01:31:06,960
Speaker 2: most important thing I could say today. Fine, in Columbus Georgia,

1539
01:31:07,320 --> 01:31:10,519
Speaker 2: the dentists or the plumber who's got three offices. By

1540
01:31:10,560 --> 01:31:12,360
Speaker 2: the way, it's a multi million dollar that's a multi

1541
01:31:12,400 --> 01:31:16,680
Speaker 2: million dollar business. Everybody knows. Go to this dentist. You

1542
01:31:16,680 --> 01:31:20,920
Speaker 2: can't AI plumbing, can't AI electricians, right, don't hate on plumbers,

1543
01:31:21,080 --> 01:31:26,000
Speaker 2: don't hate on the trades. It's they're kicking good. Go

1544
01:31:26,640 --> 01:31:30,280
Speaker 2: make friends with that person who has no friends in

1545
01:31:30,320 --> 01:31:36,639
Speaker 2: their family. Go to lunch, go to dinner, invite them

1546
01:31:36,640 --> 01:31:39,360
Speaker 2: to your house, then invite you to this. By the way,

1547
01:31:39,360 --> 01:31:44,000
Speaker 2: we might improve race relations by accident, right, because races

1548
01:31:44,080 --> 01:31:46,559
Speaker 2: all that's a whole other conversation. Race is literally made

1549
01:31:46,640 --> 01:31:51,599
Speaker 2: up social It's all about power and money and a

1550
01:31:51,640 --> 01:31:53,600
Speaker 2: cast system. But that's a whole nother conversation. When I

1551
01:31:53,640 --> 01:31:56,760
Speaker 2: come back, come back, Okay, So with then that you

1552
01:31:56,840 --> 01:31:59,240
Speaker 2: keep you want to come back? Huh? I like that.

1553
01:31:59,280 --> 01:32:01,040
Speaker 2: You keep me in. Ain't nothing you want to come back.

1554
01:32:01,000 --> 01:32:02,280
Speaker 1: The neck when you come back, we're gonna have to

1555
01:32:02,280 --> 01:32:03,240
Speaker 1: board and all this shit.

1556
01:32:03,240 --> 01:32:06,240
Speaker 2: There we go. So eighteen months, basually eight eighteen months,

1557
01:32:06,280 --> 01:32:08,759
Speaker 2: are you hanging out with this dude or lady? Maybe

1558
01:32:08,880 --> 01:32:11,400
Speaker 2: like and you're gonna say, look, do you have any

1559
01:32:11,400 --> 01:32:15,880
Speaker 2: plans for this business? You're like, well, my kids don't

1560
01:32:15,920 --> 01:32:18,840
Speaker 2: want it, my family they don't want they don't want

1561
01:32:18,880 --> 01:32:24,880
Speaker 2: to do this. I'd like to buy it. Can you

1562
01:32:24,920 --> 01:32:28,120
Speaker 2: afford it? Well? How much is it? The broker said

1563
01:32:28,120 --> 01:32:32,360
Speaker 2: that this thing is worth about five million dollars. I

1564
01:32:32,360 --> 01:32:34,040
Speaker 2: don't have five million dollars. I got a hustle, I

1565
01:32:34,080 --> 01:32:36,519
Speaker 2: got a heart, I got a head, I got I'm

1566
01:32:36,560 --> 01:32:38,439
Speaker 2: willing to work from cancer the morning, can't see at night.

1567
01:32:38,560 --> 01:32:40,880
Speaker 2: I've got sweat equity. I'm willing to commit. I'm willing

1568
01:32:40,880 --> 01:32:43,200
Speaker 2: to sign on the dotted line. Can you carry back

1569
01:32:43,240 --> 01:32:46,960
Speaker 2: the paper? Sell her for the answer, I'll go to

1570
01:32:46,960 --> 01:32:49,599
Speaker 2: the bank. By the way, please listen to me. If

1571
01:32:49,640 --> 01:32:51,240
Speaker 2: you're trying to do a you're trying to do a

1572
01:32:51,280 --> 01:32:53,640
Speaker 2: startup for a taco stand or a startup for a

1573
01:32:53,640 --> 01:32:55,600
Speaker 2: pizza We love starting restaurant. You want to do a

1574
01:32:55,640 --> 01:32:58,280
Speaker 2: rest twenty five thousand dollar go fund me campaign, It's

1575
01:32:58,280 --> 01:33:01,200
Speaker 2: gonna go broke eighty percent of the time within three years.

1576
01:33:01,560 --> 01:33:04,160
Speaker 2: Why do that? By the way, and when you sign

1577
01:33:04,200 --> 01:33:07,559
Speaker 2: on the dollar line, you personally guarantee it. Go buy

1578
01:33:07,600 --> 01:33:09,800
Speaker 2: this five million dollars house buying dollar business I just

1579
01:33:09,840 --> 01:33:12,400
Speaker 2: told you about. Go to the bank. They'll finance the

1580
01:33:12,400 --> 01:33:14,840
Speaker 2: bank are private equity on Wall Street will finance eighty

1581
01:33:14,880 --> 01:33:17,160
Speaker 2: to ninety percent of that purchase price on what's called

1582
01:33:17,240 --> 01:33:22,400
Speaker 2: non recourse debt. No personal guarantee. Why because they're using

1583
01:33:22,479 --> 01:33:28,679
Speaker 2: the you said it equity and the cash flow of

1584
01:33:28,720 --> 01:33:33,559
Speaker 2: the bus business that's collateral. And then the seller will

1585
01:33:33,600 --> 01:33:37,120
Speaker 2: take back some of the paper that you can't get

1586
01:33:37,360 --> 01:33:39,160
Speaker 2: and then you'll they'll give you he or she will

1587
01:33:39,160 --> 01:33:43,599
Speaker 2: give you two years to five years to pay him back.

1588
01:33:44,120 --> 01:33:46,040
Speaker 2: And by the way, it's no get off his nose

1589
01:33:46,160 --> 01:33:48,679
Speaker 2: if you don't. If you default, he gets it back anyway.

1590
01:33:49,840 --> 01:33:53,439
Speaker 2: But it's free game for you. This is if there's

1591
01:33:53,520 --> 01:33:58,920
Speaker 2: nothing anybody else heard me say, buy a home, go

1592
01:33:58,920 --> 01:34:02,759
Speaker 2: buy a successful business, start a stock account, get a will,

1593
01:34:03,240 --> 01:34:05,920
Speaker 2: get a life insurance policy a termine, by the way,

1594
01:34:06,080 --> 01:34:09,479
Speaker 2: and please, please can we stop asking people to do

1595
01:34:09,520 --> 01:34:12,920
Speaker 2: go fund me campaigns where somebody who has died it drugs.

1596
01:34:13,000 --> 01:34:15,679
Speaker 2: This drives me out of my nuts, my absolute mind.

1597
01:34:16,520 --> 01:34:20,400
Speaker 2: If you have if you have a health policy, nuts

1598
01:34:20,439 --> 01:34:24,880
Speaker 2: right now. If you have a health insurance policy. In

1599
01:34:24,920 --> 01:34:29,200
Speaker 2: the details of most every health policy is a death benefit,

1600
01:34:30,479 --> 01:34:34,599
Speaker 2: cash benefit twenty five thousand dollars. Please can we please

1601
01:34:34,640 --> 01:34:37,680
Speaker 2: stop begging to beg somebody with a god fundme, use

1602
01:34:37,720 --> 01:34:40,320
Speaker 2: a gofunding campaign to raise capital for business or something.

1603
01:34:40,920 --> 01:34:46,000
Speaker 2: Not the barriers. Please stop it. There is a life.

1604
01:34:45,680 --> 01:34:48,879
Speaker 2: Go home and read your life insurance policy, your health policy,

1605
01:34:49,200 --> 01:34:51,439
Speaker 2: not your life true your medical policy. If you work

1606
01:34:51,479 --> 01:34:54,519
Speaker 2: for somebody, In most respective policies, there is a in

1607
01:34:54,520 --> 01:34:57,559
Speaker 2: the fine print, there's a death fit. If you die

1608
01:34:57,640 --> 01:35:01,960
Speaker 2: or somebody you get twenty five thousand dollars to bury them.

1609
01:35:02,640 --> 01:35:04,720
Speaker 2: Sometimes this is financial literacy. That's why I call it.

1610
01:35:05,600 --> 01:35:07,840
Speaker 2: We got to make smart sexy, man. We've been making

1611
01:35:08,000 --> 01:35:11,720
Speaker 2: dumb sexy for way too long. We've dumbed down and

1612
01:35:11,840 --> 01:35:15,639
Speaker 2: celebrated it. We've got to make smart sexy again.

1613
01:35:16,080 --> 01:35:19,000
Speaker 7: Look, hold on, before you get out of here, I

1614
01:35:19,120 --> 01:35:22,920
Speaker 7: got to know these part Come on, hopefully take you.

1615
01:35:22,960 --> 01:35:23,760
Speaker 2: Back all right?

1616
01:35:23,800 --> 01:35:25,280
Speaker 3: Can you think I forgot? I forgot.

1617
01:35:25,560 --> 01:35:29,640
Speaker 2: No, you don't forget when you started a busage with thirty.

1618
01:35:29,320 --> 01:35:33,519
Speaker 1: Dollars and you making three hundred a week?

1619
01:35:33,600 --> 01:35:35,160
Speaker 2: Yeah, you want you want to? You want to.

1620
01:35:35,479 --> 01:35:36,880
Speaker 3: I want to know your mentor your game.

1621
01:35:37,200 --> 01:35:41,920
Speaker 2: Okay, can I break that down? Yes, sir so, so

1622
01:35:42,000 --> 01:35:44,400
Speaker 2: I told you about you know what got me there right?

1623
01:35:44,720 --> 01:35:47,439
Speaker 2: Saw the murders? Whatever I told you it was in

1624
01:35:47,439 --> 01:35:50,040
Speaker 2: the classroom. And one of the reasons I think I

1625
01:35:50,040 --> 01:35:52,719
Speaker 2: don't have any drama with white people is my unfortunate

1626
01:35:52,800 --> 01:35:54,960
Speaker 2: people in our neighborhood they get thrown against a patrol

1627
01:35:55,040 --> 01:35:57,200
Speaker 2: car by a police officer who was white. That was

1628
01:35:57,240 --> 01:36:01,160
Speaker 2: their first negative experience. What my experience was. There's white

1629
01:36:01,200 --> 01:36:03,320
Speaker 2: banker who taught me about money. It was not negative

1630
01:36:03,320 --> 01:36:05,800
Speaker 2: at all. He answered my questions the white teachers bought

1631
01:36:05,840 --> 01:36:07,800
Speaker 2: whatever I was selling through mail order, so that was

1632
01:36:07,800 --> 01:36:09,920
Speaker 2: a positive. So my first experience with the white people

1633
01:36:09,960 --> 01:36:13,400
Speaker 2: was not a negative one that helped in my situation.

1634
01:36:13,520 --> 01:36:17,000
Speaker 2: So now, okay, now I've been told about this capital

1635
01:36:17,080 --> 01:36:19,000
Speaker 2: thing and how it works. So I started going home,

1636
01:36:19,040 --> 01:36:21,599
Speaker 2: and I walked home, and I saw the nail salon

1637
01:36:21,640 --> 01:36:25,840
Speaker 2: on the way home. That's a business. I saw the

1638
01:36:25,920 --> 01:36:28,879
Speaker 2: muffler shop for the first time. Okay, that's a business.

1639
01:36:30,400 --> 01:36:32,919
Speaker 2: I saw the barber shop. Well, hey, that's a business.

1640
01:36:33,040 --> 01:36:36,400
Speaker 2: These are all capitalists. I saw the gas station. Was

1641
01:36:36,439 --> 01:36:42,720
Speaker 2: that everything is a business, right, It just clicked. So

1642
01:36:43,400 --> 01:36:45,280
Speaker 2: on the way home, it was this liquor store, Max

1643
01:36:45,320 --> 01:36:48,040
Speaker 2: Liquor Store, owned by a black man, mister Mac six'

1644
01:36:48,160 --> 01:36:51,920
Speaker 2: to two good. Brother he owned this liquor, Store Max Liquor.

1645
01:36:51,920 --> 01:36:53,400
Speaker 2: Store it was down the street from my. House my

1646
01:36:53,400 --> 01:36:55,760
Speaker 2: house at one five firebo Two South. Freeley this is

1647
01:36:55,800 --> 01:36:58,040
Speaker 2: An atlantic in the laundru right down the. STREET i

1648
01:36:58,120 --> 01:37:03,439
Speaker 2: walked up mister, MACNE i, said Mister, MAC i didn't

1649
01:37:03,439 --> 01:37:05,200
Speaker 2: know the word joint venture back. Then become the king

1650
01:37:05,240 --> 01:37:08,280
Speaker 2: of joint. Ventures, now mister, MAC i want to be your.

1651
01:37:08,280 --> 01:37:11,640
Speaker 2: PARTNER i wanna you. KNOW i want to partner with

1652
01:37:11,680 --> 01:37:15,800
Speaker 2: you in the candy hit a candy counter glass where

1653
01:37:15,840 --> 01:37:17,559
Speaker 2: he seld candy in the middle of the liquor store

1654
01:37:18,160 --> 01:37:21,400
Speaker 2: and he, said come over, Here i'll gave you a

1655
01:37:21,479 --> 01:37:25,560
Speaker 2: job selling the. CANDY i don't want a job selling the.

1656
01:37:25,600 --> 01:37:31,000
Speaker 2: CANDY i want to be your. Partner, no, no, no. No,

1657
01:37:31,040 --> 01:37:33,439
Speaker 2: Look i'm gonna give you top. Dollar Like i'm gonna

1658
01:37:33,439 --> 01:37:35,800
Speaker 2: pay you like seven bucks an hour fast then that was,

1659
01:37:35,880 --> 01:37:38,719
Speaker 2: everything and you gonna make, money more money than anybody

1660
01:37:38,720 --> 01:37:41,000
Speaker 2: in the. Neighborhood i'm gonna pay you top. Dollar you

1661
01:37:41,080 --> 01:37:43,920
Speaker 2: got gift for gab you can sell. Us come over,

1662
01:37:43,960 --> 01:37:48,400
Speaker 2: here sell my. CANDY i don't want to sell your,

1663
01:37:48,400 --> 01:37:50,320
Speaker 2: candy mister. MAC i want to be your. PARTNER i

1664
01:37:50,360 --> 01:37:55,840
Speaker 2: want to be an. Entrepreneur, well that's really. Funny you're

1665
01:37:55,840 --> 01:37:59,760
Speaker 2: telling the wrong kind of, candy. Sir well, No i've

1666
01:37:59,760 --> 01:38:03,280
Speaker 2: got a college, Degree i've got. Cavities i'm nine years,

1667
01:38:03,320 --> 01:38:05,920
Speaker 2: old that's going on. Ten i'm telling you you're selling

1668
01:38:05,960 --> 01:38:07,880
Speaker 2: the Wrong the only reason that they're they're buying from.

1669
01:38:07,880 --> 01:38:10,600
Speaker 2: You you have no. Competition you're not even on the

1670
01:38:10,640 --> 01:38:11,640
Speaker 2: way to, school.

1671
01:38:13,240 --> 01:38:13,639
Speaker 1: Not even.

1672
01:38:13,680 --> 01:38:16,679
Speaker 2: Convenient you're not even. Convenient we gotta we gotta walk

1673
01:38:16,720 --> 01:38:20,240
Speaker 2: out of the. Way school's that. Way we gotta walk

1674
01:38:20,280 --> 01:38:22,880
Speaker 2: out of the way to come to your liquor. Store

1675
01:38:22,960 --> 01:38:25,560
Speaker 2: and we come into a liquor store to buy. Candy

1676
01:38:26,080 --> 01:38:32,320
Speaker 2: i'm trying to save. You what do you? WANT i

1677
01:38:32,360 --> 01:38:34,640
Speaker 2: want to be a box? Boy he, said that's the

1678
01:38:34,640 --> 01:38:37,759
Speaker 2: worst JOB i. Got that's the ONE i. Want, okay

1679
01:38:38,320 --> 01:38:40,160
Speaker 2: so he hired. ME i went to the coal. Box

1680
01:38:40,960 --> 01:38:42,760
Speaker 2: you know when you open the box and you get

1681
01:38:42,760 --> 01:38:46,200
Speaker 2: the beer out or, whatever the person pushing it the

1682
01:38:46,240 --> 01:38:49,479
Speaker 2: inventory from behind in the. Cobox that was WHAT i. Wanted,

1683
01:38:49,880 --> 01:38:53,519
Speaker 2: now you guys are really. Smart why the heck WOULD

1684
01:38:53,560 --> 01:38:54,400
Speaker 2: i want that job.

1685
01:38:57,760 --> 01:39:00,439
Speaker 3: At running? Back BECAUSE i Like queens box.

1686
01:39:00,320 --> 01:39:03,920
Speaker 2: Boy the box, boy the box. BOY i love that

1687
01:39:04,040 --> 01:39:10,120
Speaker 2: yourself made the box boy opens the inventory. Boxes, okay

1688
01:39:10,439 --> 01:39:13,400
Speaker 2: WOULD i tell you different between a hustle and a? Businessman? Paperwork?

1689
01:39:13,479 --> 01:39:16,280
Speaker 2: Paperwork where's the paperwork in the in the?

1690
01:39:16,360 --> 01:39:19,679
Speaker 1: Box so now you got the whole nowt.

1691
01:39:20,320 --> 01:39:23,599
Speaker 2: Work you learning the. Game So i'm opening the box

1692
01:39:24,040 --> 01:39:26,960
Speaker 2: and getting this and getting the paperwork and seeing where

1693
01:39:26,960 --> 01:39:32,240
Speaker 2: he bought the, Candy, Yes, islands food, store smart and,

1694
01:39:32,320 --> 01:39:34,880
Speaker 2: Final that's Where i'm. Going this is where his hostale rate.

1695
01:39:35,000 --> 01:39:38,320
Speaker 2: Is this is what his retail rate. Is it's the wholestale.

1696
01:39:38,360 --> 01:39:40,760
Speaker 2: Rate what he's. PAYING i know what he's selling it.

1697
01:39:40,800 --> 01:39:45,640
Speaker 2: For my mouth is like the difference is. Profit SO

1698
01:39:45,760 --> 01:39:49,840
Speaker 2: i quit in three, weeks went, home, called went to my,

1699
01:39:49,880 --> 01:39:51,880
Speaker 2: mother SAID i need a. LOAN i, need ACTUALLY i.

1700
01:39:51,880 --> 01:39:53,839
Speaker 2: NEED i told HIM i need forty. Dollars she said

1701
01:39:54,320 --> 01:39:56,040
Speaker 2: for WHAT i, said to start a. Business she, SAID

1702
01:39:56,040 --> 01:39:58,960
Speaker 2: i don't have forty dollars to give you. Money life's.

1703
01:39:59,000 --> 01:40:02,720
Speaker 2: TOUGH I i loan you forty. Dollars you got to

1704
01:40:02,720 --> 01:40:07,200
Speaker 2: pay it, Back, mom you. Gangster. Yep she borrowed for

1705
01:40:07,400 --> 01:40:09,000
Speaker 2: a barrow three. Dollars she, said where are we? Going

1706
01:40:09,800 --> 01:40:12,360
Speaker 2: she would not let me go any place by my.

1707
01:40:12,840 --> 01:40:15,880
Speaker 2: Mother my mother was the. Janitor my mother was a

1708
01:40:15,880 --> 01:40:20,559
Speaker 2: security guard at the substitute teacher at my. School when

1709
01:40:20,600 --> 01:40:22,560
Speaker 2: she got laid, off If donald was the, aircraft she

1710
01:40:22,560 --> 01:40:24,640
Speaker 2: didn't go on. Welfare she came to my school and

1711
01:40:24,720 --> 01:40:26,880
Speaker 2: asked what job was available because she was gonna be

1712
01:40:26,880 --> 01:40:29,120
Speaker 2: all over her kids. Ass she told me she loved

1713
01:40:29,120 --> 01:40:30,519
Speaker 2: me every day of my. Life that's WHY i had

1714
01:40:30,720 --> 01:40:33,240
Speaker 2: had no self esteem. Problem she was always on my

1715
01:40:33,439 --> 01:40:36,360
Speaker 2: so she took me Too smart And final In irish

1716
01:40:36,400 --> 01:40:39,160
Speaker 2: food stores owned by A jewish family In. Compton and

1717
01:40:39,360 --> 01:40:41,639
Speaker 2: this story comes full circle by the, way that family

1718
01:40:41,720 --> 01:40:45,160
Speaker 2: was very. Sweet oh nice kid me a school. Project

1719
01:40:45,200 --> 01:40:46,920
Speaker 2: you want to start a? Business? YEP i didn't care

1720
01:40:46,920 --> 01:40:47,080
Speaker 2: what this?

1721
01:40:47,160 --> 01:40:47,320
Speaker 1: Day?

1722
01:40:47,400 --> 01:40:50,240
Speaker 2: Yep, yeah school? Project yeah, sure because she. DID i

1723
01:40:50,240 --> 01:40:52,000
Speaker 2: didn't have a business. PERMIT i. Didn't they. Couldn't you

1724
01:40:52,000 --> 01:40:55,200
Speaker 2: couldn't ask me difficult. Questions oh, sure what do you?

1725
01:40:55,200 --> 01:40:56,960
Speaker 2: WANT i want to buy this candy WHICH i know

1726
01:40:57,040 --> 01:41:00,519
Speaker 2: my friends, like AND i need some. Racks, okay here's

1727
01:41:00,520 --> 01:41:03,439
Speaker 2: the racks for. Free well we'll say the. Candy come.

1728
01:41:03,439 --> 01:41:06,439
Speaker 2: Back when you sold. THAT i went home ate through

1729
01:41:06,439 --> 01:41:12,880
Speaker 2: half the. INVENTORY i lost my. MIND i stopped eating

1730
01:41:12,920 --> 01:41:16,840
Speaker 2: my own on. Supply but here's a miracle with the

1731
01:41:16,920 --> 01:41:19,320
Speaker 2: other part THAT i didn't. EAT i sold it and

1732
01:41:19,360 --> 01:41:23,000
Speaker 2: still had a. PROFIT i, said, oh my, gosh. Money.

1733
01:41:23,120 --> 01:41:25,839
Speaker 2: Yeah so If i'm making money And i'm running a sloppy,

1734
01:41:25,920 --> 01:41:29,519
Speaker 2: business what would happen IF i tightened? Up SO i Went,

1735
01:41:29,680 --> 01:41:33,479
Speaker 2: baltimore came, back did not eat any more of, it sold.

1736
01:41:33,560 --> 01:41:36,600
Speaker 2: It six weeks. LATER i was making three hundred dollars a,

1737
01:41:36,640 --> 01:41:39,320
Speaker 2: week AND i put the liquors out of the candy.

1738
01:41:39,320 --> 01:41:45,200
Speaker 2: BUSINESS i warned, THEM i, said partner with me And

1739
01:41:45,240 --> 01:41:47,360
Speaker 2: i'll save. You but he didn't pay any attention to,

1740
01:41:47,400 --> 01:41:49,880
Speaker 2: me and SO i didn't argue with. HIM i didn't

1741
01:41:49,880 --> 01:41:52,040
Speaker 2: scream at, HIM i didn't curse at. HIM i just.

1742
01:41:52,880 --> 01:41:54,799
Speaker 2: Competition BECAUSE i was right on the way to, school

1743
01:41:55,240 --> 01:41:57,439
Speaker 2: a neighbor candy house opened the din of my house

1744
01:41:57,800 --> 01:41:59,600
Speaker 2: right right there on the corner on the way to.

1745
01:41:59,640 --> 01:42:03,320
Speaker 2: SCHOOL i cleaned his clock six weeks ONCE i had.

1746
01:42:03,360 --> 01:42:06,800
Speaker 2: That once that light came, on no one could stop.

1747
01:42:06,840 --> 01:42:11,080
Speaker 1: Me, man this has been an amazing. Experience we could

1748
01:42:11,080 --> 01:42:11,879
Speaker 1: literally sit.

1749
01:42:11,680 --> 01:42:12,439
Speaker 2: Here and talk all.

1750
01:42:12,520 --> 01:42:15,799
Speaker 1: Night everybody in his is in awe is in fest.

1751
01:42:16,040 --> 01:42:18,040
Speaker 1: Fascinated right, now we got to get you to sign

1752
01:42:18,120 --> 01:42:18,559
Speaker 1: the table.

1753
01:42:18,640 --> 01:42:21,720
Speaker 2: Though Oh i'll be, Honest so, look anybody watching. This

1754
01:42:21,880 --> 01:42:25,400
Speaker 2: i've Created Operation hope to do financial coaching and. COUNSELING i.

1755
01:42:25,600 --> 01:42:29,280
Speaker 2: RAISE i raised about sixty, million seventy million dollars a,

1756
01:42:29,320 --> 01:42:32,479
Speaker 2: year SO i can do it for, free, okay AND

1757
01:42:32,840 --> 01:42:35,200
Speaker 2: i have fifteen hundred offices across the. Country i'm on your,

1758
01:42:35,240 --> 01:42:37,200
Speaker 2: app you Gainst hope in hand. APP i don't want

1759
01:42:37,200 --> 01:42:39,400
Speaker 2: a thing from you except your. Uplift you can you

1760
01:42:39,400 --> 01:42:41,400
Speaker 2: can because of these. Brothers you can you. Can you

1761
01:42:41,439 --> 01:42:43,920
Speaker 2: can go online sign up the. Coaching i'll give you

1762
01:42:43,920 --> 01:42:46,760
Speaker 2: a thousand dollars coaching scholarship right off the. Bat we're

1763
01:42:46,800 --> 01:42:48,800
Speaker 2: gonna get your credit score up fifty four points in six.

1764
01:42:48,840 --> 01:42:53,080
Speaker 2: Months we're lower your debt thirty eight hundred, dollars will

1765
01:42:53,160 --> 01:42:55,280
Speaker 2: increase your savings twelve hundred. Dollars you make it forty

1766
01:42:55,280 --> 01:42:57,040
Speaker 2: eight thousand dollars a, year which is the average for

1767
01:42:57,120 --> 01:43:01,320
Speaker 2: us that changed your whole. Life you make fifty thousand,

1768
01:43:01,360 --> 01:43:03,559
Speaker 2: dollars AND i raised your credit score fifty four points

1769
01:43:03,600 --> 01:43:05,840
Speaker 2: to one hundred. Points i've lowered your debt thirty eight hundred.

1770
01:43:05,880 --> 01:43:08,519
Speaker 2: Dollars i've increased your savings twelve hundred. Dollars the bank says.

1771
01:43:08,600 --> 01:43:10,960
Speaker 2: Yes my whole goal is get the bank out of

1772
01:43:11,000 --> 01:43:15,000
Speaker 2: the no business and back into the yes, business because

1773
01:43:15,040 --> 01:43:16,800
Speaker 2: they can't make any money unless they say yes to

1774
01:43:17,520 --> 01:43:19,559
Speaker 2: somebody for debt for a lot of. Them, now somebody

1775
01:43:19,720 --> 01:43:21,759
Speaker 2: washing this Min i'm gonna, Sign I'm i'm gonna do

1776
01:43:21,760 --> 01:43:23,280
Speaker 2: do your. Said but this is a very important. Point

1777
01:43:23,640 --> 01:43:25,040
Speaker 2: So i'm gonna get all the taboo out of the.

1778
01:43:25,040 --> 01:43:29,400
Speaker 2: Way somebody washing this, saying, oh banks are. RACIST i

1779
01:43:29,400 --> 01:43:31,280
Speaker 2: got a cousin who's. Racist you need you, need you,

1780
01:43:31,360 --> 01:43:35,160
Speaker 2: need need to go to the, bank like we're gonna

1781
01:43:35,200 --> 01:43:37,720
Speaker 2: start blaming. PEOPLE i got bums in my OWN i

1782
01:43:37,800 --> 01:43:40,040
Speaker 2: call it the bum. Factor twenty percent of white folks are,

1783
01:43:40,160 --> 01:43:44,280
Speaker 2: bums twenty percent of black people are. Bums only twenty

1784
01:43:44,320 --> 01:43:47,400
Speaker 2: percent Of republicans And democrats are. Bums twenty percent people

1785
01:43:47,400 --> 01:43:50,240
Speaker 2: of my family are. Bums i'm just being generous and saying.

1786
01:43:50,320 --> 01:43:52,800
Speaker 2: Twenty the point is we don't need to. Eat if

1787
01:43:52,920 --> 01:43:55,559
Speaker 2: pointing fingers is the game we're, in you don't need

1788
01:43:55,560 --> 01:43:57,320
Speaker 2: to point all the way over. There we can point

1789
01:43:57,400 --> 01:44:00,120
Speaker 2: right over. Here so that's knocked that, off. Right so

1790
01:44:00,240 --> 01:44:04,120
Speaker 2: are our banks races in the twentieth, Century, yes they.

1791
01:44:04,120 --> 01:44:07,320
Speaker 2: Were they're owned by. Families The joe family had a.

1792
01:44:07,360 --> 01:44:11,880
Speaker 2: Bank they're racist as, hell and they didn't and they

1793
01:44:11,880 --> 01:44:15,080
Speaker 2: didn't want to loan the black. People completely. True, Today

1794
01:44:15,600 --> 01:44:18,400
Speaker 2: Wells fargo is owned by. Me if you have a

1795
01:44:18,400 --> 01:44:21,479
Speaker 2: four oh ONE, k you you Own, Welles Farago bank Of,

1796
01:44:21,520 --> 01:44:25,639
Speaker 2: America Santander, bank you Own City. Bank it's called a

1797
01:44:25,800 --> 01:44:28,880
Speaker 2: pooling of assets of. Stocks you don't even realize if

1798
01:44:28,880 --> 01:44:30,679
Speaker 2: you if you have a four to ONE k. Plan

1799
01:44:30,800 --> 01:44:33,280
Speaker 2: if you're a stock plan and you're buying the index

1800
01:44:33,360 --> 01:44:37,120
Speaker 2: of the biggest stocks you own all it's publicly. Traded

1801
01:44:38,200 --> 01:44:41,639
Speaker 2: so is there a person in the bank that's? Racist,

1802
01:44:42,200 --> 01:44:45,120
Speaker 2: yes but what DID i tell? You if you credit

1803
01:44:45,160 --> 01:44:47,800
Speaker 2: you get your credits carded a seven, hundred you're not

1804
01:44:47,920 --> 01:44:53,120
Speaker 2: talking to that. Person you're talking to the computer at. Midnight,

1805
01:44:53,800 --> 01:44:54,320
Speaker 2: yes so.

1806
01:44:54,240 --> 01:44:57,599
Speaker 4: You ain't even got to go in the bank.

1807
01:44:57,800 --> 01:45:04,360
Speaker 2: Now, YES i want you to get your credit score.

1808
01:45:04,439 --> 01:45:06,639
Speaker 2: Up that's what my team's gonna help you. Do nothing

1809
01:45:06,760 --> 01:45:08,840
Speaker 2: changes your life more Than god or love than moving

1810
01:45:08,840 --> 01:45:12,120
Speaker 2: your credit. Score one hundred and twenty points got you

1811
01:45:12,120 --> 01:45:14,080
Speaker 2: your days out About. GOD i love your days about.

1812
01:45:14,120 --> 01:45:16,439
Speaker 2: Money and when it when you guys finished working, out

1813
01:45:16,479 --> 01:45:18,840
Speaker 2: you go to the club and you party and that's

1814
01:45:18,840 --> 01:45:21,599
Speaker 2: cool and you, say oh, man she's, fine and then

1815
01:45:21,600 --> 01:45:25,200
Speaker 2: the in the guys the guy, said, oh oh she's,

1816
01:45:25,200 --> 01:45:29,479
Speaker 2: fine and the ladies, said, oh he's so, handsome asked

1817
01:45:29,479 --> 01:45:29,760
Speaker 2: what's the.

1818
01:45:29,840 --> 01:45:31,360
Speaker 3: Name as what was a credit?

1819
01:45:31,400 --> 01:45:35,360
Speaker 2: Score damn? Right AND i am nothing but.

1820
01:45:35,439 --> 01:45:37,559
Speaker 3: Serious, serious you heard.

1821
01:45:37,600 --> 01:45:43,640
Speaker 2: IT i don't want to five nothing. Six we made you,

1822
01:45:43,720 --> 01:45:44,880
Speaker 2: work you.

1823
01:45:44,880 --> 01:45:46,920
Speaker 1: See i'm gonna put it.

1824
01:45:46,880 --> 01:45:51,160
Speaker 2: In that class. Class she's. Fine, enough you put it

1825
01:45:51,160 --> 01:45:53,720
Speaker 2: in the. Class give her one of my, scholarships and you.

1826
01:45:53,760 --> 01:45:55,600
Speaker 3: Gave me six. EARLIER i was, like what the.

1827
01:45:55,640 --> 01:46:00,880
Speaker 2: Boy by the, Way i've been four, Hundred i've been five.

1828
01:46:00,960 --> 01:46:02,760
Speaker 2: HUNDRED i was on the bankrupt WHEN i was. EIGHT

1829
01:46:02,880 --> 01:46:04,960
Speaker 2: i was homeless WHEN i was eighteen years old At

1830
01:46:05,000 --> 01:46:07,240
Speaker 2: latier And airport In Los, angeles lived in my g.

1831
01:46:07,720 --> 01:46:09,400
Speaker 2: It so we didn't get to go to that. Story

1832
01:46:09,439 --> 01:46:11,840
Speaker 2: BUT i, mean whatever the situation, is people are. Listening

1833
01:46:11,920 --> 01:46:14,160
Speaker 2: i've been. There so. Yeah my credit score is you,

1834
01:46:14,200 --> 01:46:17,599
Speaker 2: know seven eighty, now but and it used to be eight.

1835
01:46:17,680 --> 01:46:20,160
Speaker 2: Hundred BUT i KEPT i carry all this debt from

1836
01:46:20,160 --> 01:46:22,360
Speaker 2: my companies whatever on my. Bag but it's. Fine MY

1837
01:46:22,400 --> 01:46:25,800
Speaker 2: amex is like six figures every month my black, card

1838
01:46:26,280 --> 01:46:30,680
Speaker 2: so that that drives down my credit. Score but BUT

1839
01:46:30,840 --> 01:46:33,040
Speaker 2: i have been four, HUNDRED i have been five. HUNDRED

1840
01:46:33,080 --> 01:46:35,720
Speaker 2: i have been all, that so we can all come.

1841
01:46:35,840 --> 01:46:38,800
Speaker 2: Up this is all, curable, RIGHT i. WAS i was

1842
01:46:38,840 --> 01:46:40,559
Speaker 2: on the earth to earn your, lead lead your. Brothers

1843
01:46:40,560 --> 01:46:44,360
Speaker 2: they're talking about historic, racism, discrimination credit, SCORE i, SAID i,

1844
01:46:44,400 --> 01:46:46,519
Speaker 2: said what about credit? Score is? It you, know, like

1845
01:46:46,560 --> 01:46:49,080
Speaker 2: what pay your damn? Bill? IT i, mean did you

1846
01:46:49,160 --> 01:46:50,760
Speaker 2: did you pay for the car note or did you?

1847
01:46:50,880 --> 01:46:52,880
Speaker 4: Not but did you take the money and, say hold,

1848
01:46:52,960 --> 01:46:54,200
Speaker 4: UP i thought all these.

1849
01:46:54,120 --> 01:46:57,160
Speaker 2: People running around, them oh they got The bentley, Right

1850
01:46:57,560 --> 01:47:01,320
Speaker 2: And i'm, like and then creer working the way they.

1851
01:47:01,360 --> 01:47:04,280
Speaker 2: Want all of a, sudden the bank's. Racist the bank

1852
01:47:04,320 --> 01:47:07,080
Speaker 2: wasn't racist when they gave you the. Loan but now

1853
01:47:07,160 --> 01:47:09,320
Speaker 2: when the bank wants their money, back now the bank's.

1854
01:47:09,400 --> 01:47:13,200
Speaker 2: Racist just pay them, back give them the car. Back

1855
01:47:13,320 --> 01:47:15,360
Speaker 2: like why is this a? Discussion, like let me tell you

1856
01:47:15,360 --> 01:47:17,360
Speaker 2: Some IF i loan you some money and you don't

1857
01:47:17,360 --> 01:47:24,400
Speaker 2: pay me, back you'll be calling me. Racist we want

1858
01:47:24,439 --> 01:47:27,479
Speaker 2: you to sign a, gift.

1859
01:47:28,880 --> 01:47:28,960
Speaker 8: Not.

1860
01:47:29,080 --> 01:47:31,360
Speaker 2: Ticking is it some?

1861
01:47:31,360 --> 01:47:32,000
Speaker 3: Money? Man what that?

1862
01:47:32,160 --> 01:47:33,400
Speaker 2: Suit AM i opening?

1863
01:47:33,439 --> 01:47:33,479
Speaker 3: This?

1864
01:47:33,600 --> 01:47:37,120
Speaker 2: Now you open when you want. To when people don't

1865
01:47:37,120 --> 01:47:39,120
Speaker 2: normally give me, something people normally asking me for. Something

1866
01:47:39,760 --> 01:47:44,960
Speaker 2: this is? Hot, yeah okay, talking, okay you guys are.

1867
01:47:45,000 --> 01:47:47,280
Speaker 1: Class you might be jumping off of jet or. Something

1868
01:47:47,360 --> 01:47:51,519
Speaker 1: you might need a sweat suit or something. HOT i

1869
01:47:51,560 --> 01:47:53,400
Speaker 1: will wear this man nice hat of.

1870
01:47:53,520 --> 01:47:58,280
Speaker 2: Something this is. Classes, yeah wear my travel thank you very. Much.

1871
01:47:58,320 --> 01:48:00,680
Speaker 1: Now the catch is this outfit is two hundred and

1872
01:48:00,720 --> 01:48:01,519
Speaker 1: fifty thousand.

1873
01:48:01,640 --> 01:48:09,479
Speaker 2: Dollars hold, on no, no hold on, no, No i'm sorry,

1874
01:48:09,520 --> 01:48:10,559
Speaker 2: It i'm.

1875
01:48:11,240 --> 01:48:11,320
Speaker 1: Hi.

1876
01:48:12,840 --> 01:48:17,439
Speaker 2: No you, see he thinks all this is. Normal with

1877
01:48:17,479 --> 01:48:19,800
Speaker 2: all due, RESPECT i didn't hear word you. Said we

1878
01:48:20,160 --> 01:48:23,439
Speaker 2: on live whatever this, is and my brother is broken

1879
01:48:23,520 --> 01:48:28,360
Speaker 2: out a star foam. Situation won't wear my. Mom now

1880
01:48:28,400 --> 01:48:30,080
Speaker 2: you're gonna ask you for something you Want when you

1881
01:48:30,080 --> 01:48:32,320
Speaker 2: were praying on your food and put it in your,

1882
01:48:32,360 --> 01:48:33,280
Speaker 2: mouth you didn't ask me for a.

1883
01:48:33,320 --> 01:48:35,400
Speaker 3: THING i, waited we were, hitting we were. You we're

1884
01:48:35,439 --> 01:48:37,200
Speaker 3: talking to that PERSON.

1885
01:48:37,280 --> 01:48:38,400
Speaker 2: Dc you fucked.

1886
01:48:38,439 --> 01:48:39,880
Speaker 5: Up i'm trying to get that you want to finish.

1887
01:48:39,880 --> 01:48:43,679
Speaker 5: Out you're fucked up, person, Man because, SHIP i would

1888
01:48:43,800 --> 01:48:44,920
Speaker 5: never do you like, that good.

1889
01:48:44,960 --> 01:48:47,439
Speaker 2: BROTHER i. WOULDN'T i wouldn't not. Me i'm just SAYING

1890
01:48:47,920 --> 01:48:50,960
Speaker 2: i appreciate THAT i wouldn't even do. You let me

1891
01:48:50,960 --> 01:48:54,680
Speaker 2: tell you what you're running, back you get Your let

1892
01:48:54,720 --> 01:48:57,320
Speaker 2: me tell you what going. On you would go what

1893
01:48:58,000 --> 01:49:04,519
Speaker 2: it wouldn't even like he was talking but. Interrupt let

1894
01:49:04,560 --> 01:49:05,920
Speaker 2: me tell, you first of, ALL i love that you.

1895
01:49:06,000 --> 01:49:08,160
Speaker 2: Prayed but let me tell you why he's gonna be so.

1896
01:49:08,200 --> 01:49:14,120
Speaker 2: Successful he's got something figured. Out charity starts at home,

1897
01:49:14,400 --> 01:49:17,439
Speaker 2: exactly the best way is to solve poverty and start

1898
01:49:17,439 --> 01:49:21,240
Speaker 2: by not being. Poor. Yourself even if you want to

1899
01:49:21,280 --> 01:49:23,760
Speaker 2: distribute money like a, socialist you're the first collected like a.

1900
01:49:23,760 --> 01:49:29,080
Speaker 2: Capitalist that brother made sure he was. Eating he make

1901
01:49:29,120 --> 01:49:32,920
Speaker 2: sure he wasn't. Hungry he, Was i'm make it around

1902
01:49:32,920 --> 01:49:37,000
Speaker 2: in my. Food he was eating. His that self, determination

1903
01:49:37,240 --> 01:49:40,360
Speaker 2: that self, reliance that do for. Yourself make sure that

1904
01:49:40,439 --> 01:49:45,559
Speaker 2: you are, cool that's the first that's the first element of.

1905
01:49:45,600 --> 01:49:47,360
Speaker 2: SUCCESS i had to learn. That ain't nobody gonna take

1906
01:49:47,360 --> 01:49:50,720
Speaker 2: care of you like? You that's. RIGHT i like, you,

1907
01:49:50,760 --> 01:49:51,479
Speaker 2: guys no.

1908
01:49:51,479 --> 01:49:53,679
Speaker 1: Problem you more than what we. Got any questions, Anything

1909
01:49:59,479 --> 01:50:01,920
Speaker 1: John Hope. Brand ladies and, gentlemen make sure you hit the,

1910
01:50:01,920 --> 01:50:04,599
Speaker 1: website get those, resources get your credit.

1911
01:50:04,400 --> 01:50:06,920
Speaker 2: Score running his. Back he dropped a.

1912
01:50:06,880 --> 01:50:09,040
Speaker 1: Lot of gyms in this one right. Here, man we

1913
01:50:09,120 --> 01:50:11,000
Speaker 1: really appreciate you coming. Out we done have a lot

1914
01:50:11,040 --> 01:50:12,960
Speaker 1: of brothers to come through. Here but for, somebody for

1915
01:50:13,040 --> 01:50:15,360
Speaker 1: your stature to come through here and tell us some of.

1916
01:50:15,280 --> 01:50:16,640
Speaker 2: The right, shit that means a.

1917
01:50:16,640 --> 01:50:17,760
Speaker 1: Lot because you didn't Have.

1918
01:50:17,720 --> 01:50:22,200
Speaker 3: Tom in this printer van by. Hisself he's gone sixteen. Pages,

1919
01:50:22,840 --> 01:50:23,479
Speaker 3: well who else.

1920
01:50:23,400 --> 01:50:28,920
Speaker 2: Was in there? With taking? REASON i ain't, quiet, BROTHER

1921
01:50:29,040 --> 01:50:31,720
Speaker 2: i understand that If i'm doing a conference call with,

1922
01:50:31,800 --> 01:50:35,280
Speaker 2: somebody it has to be. Confidential i'm taking care of.

1923
01:50:35,360 --> 01:50:38,280
Speaker 2: Business it's. Confidential If i'm trying to, CREATE i. CAN'T

1924
01:50:38,320 --> 01:50:42,200
Speaker 2: i can't. Create and a bunch of noise AGAIN i.

1925
01:50:42,760 --> 01:50:45,439
Speaker 2: WILL i will let you mess over my money one.

1926
01:50:45,479 --> 01:50:49,160
Speaker 2: Time you can't mess over my. Time so that's my

1927
01:50:49,240 --> 01:50:52,880
Speaker 2: mobile office out. There that's So I'm i'm. ON i

1928
01:50:52,960 --> 01:50:54,880
Speaker 2: did a lot of stuff between my office and. Here

1929
01:50:55,560 --> 01:50:57,960
Speaker 2: that driver that's out, There i'm glad to give, him

1930
01:50:57,960 --> 01:51:00,719
Speaker 2: by the, way give him employment whatever his Brother. Marvin

1931
01:51:01,840 --> 01:51:05,479
Speaker 2: he's making me. Money he's allowing me to build wealth

1932
01:51:05,560 --> 01:51:10,040
Speaker 2: BECAUSE i am using the time while he's. Driving it

1933
01:51:10,120 --> 01:51:11,600
Speaker 2: used to be that it was more efficient for me to,

1934
01:51:11,640 --> 01:51:14,200
Speaker 2: drive but WHEN i was, hustling he was more efficient

1935
01:51:14,200 --> 01:51:16,320
Speaker 2: for me to drive myself. Around but THEN i got

1936
01:51:16,360 --> 01:51:18,440
Speaker 2: the point WHERE i was on the. Phone i'm, distracted

1937
01:51:20,080 --> 01:51:24,040
Speaker 2: you know, Me i'm a danger to myself and everybody.

1938
01:51:24,040 --> 01:51:26,240
Speaker 2: Else And i'm not being. EFFICIENT i can't focus on.

1939
01:51:26,280 --> 01:51:28,560
Speaker 2: Anything it got to a point WHENEVER i got to

1940
01:51:28,600 --> 01:51:30,320
Speaker 2: the point WHERE i had enough capital. GAINS i had.

1941
01:51:30,439 --> 01:51:34,640
Speaker 2: Enough let's call it a liquidity of. Liquidity by the,

1942
01:51:34,640 --> 01:51:38,599
Speaker 2: way another Jewel black people to stop getting emotional about.

1943
01:51:38,640 --> 01:51:41,240
Speaker 2: Business the whole point of building a business is to sell.

1944
01:51:41,280 --> 01:51:48,920
Speaker 2: IT i will repeat. That the entire point of building

1945
01:51:49,000 --> 01:51:53,360
Speaker 2: a business is to make it valuable and to sell.

1946
01:51:53,400 --> 01:52:00,519
Speaker 2: It you want a liquidity. Event now you're get reinvest

1947
01:52:00,520 --> 01:52:02,840
Speaker 2: that if you, like or give philanthropy or do what you?

1948
01:52:02,840 --> 01:52:07,479
Speaker 2: Want what what some of somebody again in the, comments you,

1949
01:52:07,640 --> 01:52:13,320
Speaker 2: Wrong amazon didn't Sell walmart didn't sell you? Fool what

1950
01:52:13,360 --> 01:52:16,920
Speaker 2: do you think a publicly traded company? Is it's being

1951
01:52:17,000 --> 01:52:22,000
Speaker 2: sold every. Day it's called stock sales and. Purchases it's called.

1952
01:52:22,040 --> 01:52:26,360
Speaker 2: Shares we use some stop. Man so so you you

1953
01:52:26,479 --> 01:52:30,360
Speaker 2: build a, company you build it, up and you get

1954
01:52:30,360 --> 01:52:33,679
Speaker 2: an a liquidity, event and that's called clipping up coupon On Wall.

1955
01:52:33,680 --> 01:52:37,200
Speaker 2: Street Wall street gives you the compliment of, SAYING i

1956
01:52:37,320 --> 01:52:42,120
Speaker 2: value independently value what you have. SOLD i have auto in.

1957
01:52:42,160 --> 01:52:44,240
Speaker 2: Financials by the, way that's a whole other conversation about

1958
01:52:44,240 --> 01:52:48,679
Speaker 2: the benefit of having again. Paperwork so we not not

1959
01:52:48,680 --> 01:52:52,400
Speaker 2: not that you value, it We Wall street independently. Value

1960
01:52:52,880 --> 01:52:55,320
Speaker 2: so WHEN i sold a company for over one hundred

1961
01:52:55,360 --> 01:52:59,080
Speaker 2: million dollars and clip my coupon On Wall, street what it?

1962
01:52:59,120 --> 01:53:01,160
Speaker 2: Was it also matter who bought, it so it was

1963
01:53:01,160 --> 01:53:04,040
Speaker 2: an institutional purchaser, right and THEN i got A tunic

1964
01:53:04,120 --> 01:53:06,639
Speaker 2: mini dollar line of, credit making me one of very

1965
01:53:06,680 --> 01:53:09,040
Speaker 2: few black people to ever have a line of credit

1966
01:53:09,080 --> 01:53:09,760
Speaker 2: of one hundred million.

1967
01:53:09,760 --> 01:53:13,280
Speaker 1: Dollars and that was not how you sleep at that?

1968
01:53:13,400 --> 01:53:16,400
Speaker 1: Night you didnet did the business all, day? Right you

1969
01:53:16,439 --> 01:53:17,479
Speaker 1: didne did the business all?

1970
01:53:17,600 --> 01:53:18,200
Speaker 2: Day to check.

1971
01:53:18,280 --> 01:53:20,920
Speaker 1: Clear you're looking at the you see, that you see

1972
01:53:20,960 --> 01:53:21,560
Speaker 1: the ms in.

1973
01:53:21,760 --> 01:53:26,880
Speaker 2: There how did how you? Sleep when when the deal?

1974
01:53:26,960 --> 01:53:31,680
Speaker 2: Closed when the deal, closed when that deal, closed one

1975
01:53:31,720 --> 01:53:33,960
Speaker 2: hundred and twenty one million before the million dollar, DEAL

1976
01:53:35,360 --> 01:53:39,160
Speaker 2: i was At Taco bell in the drive. Through it

1977
01:53:39,160 --> 01:53:41,160
Speaker 2: was three o'clock in the. AFTERNOON i ordered at number.

1978
01:53:41,200 --> 01:53:44,479
Speaker 1: Three i'm about to start fucking with that number.

1979
01:53:44,479 --> 01:53:47,080
Speaker 2: Three it's just it was just another it was just another.

1980
01:53:47,160 --> 01:53:49,160
Speaker 2: Day it was another. MOMENT i don't do it for the.

1981
01:53:49,160 --> 01:53:51,800
Speaker 2: Money it wasn't about the. Money it was throughout the

1982
01:53:51,840 --> 01:53:56,559
Speaker 2: achievement AND i wasn't really, thinking folksing on the money

1983
01:53:56,560 --> 01:53:59,120
Speaker 2: that came to. ME i want to make sure that

1984
01:53:59,320 --> 01:54:02,559
Speaker 2: the bankers got, paid my investors got their money. Back

1985
01:54:02,600 --> 01:54:07,320
Speaker 2: plus in, return the, contractors the, attorneys they were attorneys

1986
01:54:07,360 --> 01:54:11,400
Speaker 2: earned a million dollars off that. TRANSACTION i wanted to make,

1987
01:54:11,400 --> 01:54:16,040
Speaker 2: SURE i had partners and relationships for. Life who knew

1988
01:54:16,040 --> 01:54:20,600
Speaker 2: that When John brant calls you about that, bread you

1989
01:54:20,680 --> 01:54:23,000
Speaker 2: know it's you know it's. Legit. Man basically you got

1990
01:54:23,000 --> 01:54:28,360
Speaker 2: out of, number don't don't. Leave so SO i wouldn't

1991
01:54:28,560 --> 01:54:31,360
Speaker 2: doing it at. All but WHEN i did, that tuny

1992
01:54:31,400 --> 01:54:35,400
Speaker 2: me a credit facility with non recourse debt with bearings

1993
01:54:38,960 --> 01:54:41,840
Speaker 2: that said something about me as is a businessman being an.

1994
01:54:41,880 --> 01:54:43,480
Speaker 2: Operate thank. You so.

1995
01:54:46,640 --> 01:54:48,400
Speaker 3: THAT jj saw. That she get your.

1996
01:54:48,400 --> 01:54:52,960
Speaker 2: Throat, yeah it's. Serious so you, build you build a

1997
01:54:52,960 --> 01:54:56,160
Speaker 2: business up so that you could have a liquidity event

1998
01:54:56,560 --> 01:54:59,000
Speaker 2: and sell. It i'm about to start a. BUSINESS i

1999
01:54:59,000 --> 01:55:01,120
Speaker 2: can't talk about the detail right, now, okay but in

2000
01:55:01,160 --> 01:55:04,400
Speaker 2: a month you'll. Hear a month or, so we've announced

2001
01:55:04,400 --> 01:55:08,160
Speaker 2: the business that at its start will be three times

2002
01:55:08,240 --> 01:55:11,000
Speaker 2: larger than the real estate business THAT i sold was

2003
01:55:11,040 --> 01:55:13,680
Speaker 2: WHEN i sold. It BUT i couldn't have DO i

2004
01:55:13,680 --> 01:55:17,960
Speaker 2: couldn't have done the the one that's three times larger

2005
01:55:18,160 --> 01:55:21,320
Speaker 2: with a Partner i'm doing with HAD i not done that,

2006
01:55:21,360 --> 01:55:23,160
Speaker 2: one done the first one and sold.

2007
01:55:23,200 --> 01:55:26,800
Speaker 4: It because he wants to be in business of you sell.

2008
01:55:26,880 --> 01:55:29,560
Speaker 2: It he wants to be in the new, company wants

2009
01:55:29,680 --> 01:55:33,080
Speaker 2: to be in business with somebody achieved the, goal the

2010
01:55:33,080 --> 01:55:35,480
Speaker 2: goal of the LAST i, did the last business that

2011
01:55:35,560 --> 01:55:40,440
Speaker 2: put me in a league. Uppeal in order to do

2012
01:55:40,480 --> 01:55:42,480
Speaker 2: a billion dollar, deal you have to be able to

2013
01:55:42,520 --> 01:55:43,480
Speaker 2: do one hundred million dollar.

2014
01:55:43,600 --> 01:55:46,520
Speaker 3: DEAL i can't trust you that.

2015
01:55:46,520 --> 01:55:52,080
Speaker 2: PART i hope you learned something.

2016
01:55:52,080 --> 01:55:59,280
Speaker 1: TODAY i hope you listen to every word. Missus John hope.

2017
01:55:57,600 --> 01:56:01,880
Speaker 3: Right you might want to go and business and buy THE.

2018
01:56:03,600 --> 01:56:06,240
Speaker 1: Dc gonna show that he don't even. Know that's how

2019
01:56:06,320 --> 01:56:08,920
Speaker 1: cold my button. Is he at has ship to do

2020
01:56:08,960 --> 01:56:12,879
Speaker 1: with JJ's about to. Study i'm gonna bring.

2021
01:56:12,720 --> 01:56:15,440
Speaker 3: J j some, money nigga money what you call him.

2022
01:56:15,240 --> 01:56:21,760
Speaker 4: By Natural john And John john And John john mortgage,

2023
01:56:21,800 --> 01:56:24,360
Speaker 4: Broke Johnny john mortgage.

2024
01:56:24,360 --> 01:56:28,200
Speaker 1: Brokes come, on, man come on, man, listen, man this

2025
01:56:28,280 --> 01:56:30,640
Speaker 1: is Eighty Fast South show. Up you never know who's

2026
01:56:30,640 --> 01:56:33,880
Speaker 1: gonna stop through. There Eighty Fast South, SHOW, Dc Young

2027
01:56:34,000 --> 01:56:40,120
Speaker 1: Fly john. O'Brien we have it, here no, cats but

2028
01:56:40,280 --> 01:56:41,840
Speaker 1: we gotta get you to side on the table this

2029
01:56:42,200 --> 01:56:43,080
Speaker 1: version of The apollo.

2030
01:56:43,120 --> 01:56:45,880
Speaker 2: LONG i need. ONE i have one, Paper. OKAY i

2031
01:56:45,920 --> 01:56:48,240
Speaker 2: need to know that you guys got something out of. This.

2032
01:56:48,720 --> 01:56:50,600
Speaker 2: Absolutely you don't have a question for, Me just tell

2033
01:56:50,640 --> 01:56:53,920
Speaker 2: me one thing because this was my even. RIGHT i

2034
01:56:53,920 --> 01:56:55,320
Speaker 2: didn't get to see my, WIFE i didn't get to

2035
01:56:55,320 --> 01:56:57,840
Speaker 2: watch my. MOVIE i didn't get to. KIELD i don't

2036
01:56:57,840 --> 01:56:59,800
Speaker 2: do stuff in the evening like. This That's i'm working for.

2037
01:56:59,880 --> 01:57:02,720
Speaker 2: Myself SO i want to know this was worth it for.

2038
01:57:02,760 --> 01:57:04,720
Speaker 2: You can you just tell me one thing that made

2039
01:57:04,720 --> 01:57:06,880
Speaker 2: it worth it for you, guys And i'll sign your

2040
01:57:06,880 --> 01:57:07,680
Speaker 2: table to whatever you want to.

2041
01:57:07,720 --> 01:57:12,760
Speaker 1: Do my rich friends need poor people to get rich

2042
01:57:13,160 --> 01:57:13,920
Speaker 1: at least to stay.

2043
01:57:14,040 --> 01:57:16,600
Speaker 2: Rich real talking.

2044
01:57:18,120 --> 01:57:20,320
Speaker 1: Loving your credit score one hundred, points.

2045
01:57:20,360 --> 01:57:21,080
Speaker 3: You're gonna take all the.

2046
01:57:21,120 --> 01:57:23,360
Speaker 1: Points goddamn, no but ber this shit got.

2047
01:57:23,360 --> 01:57:26,640
Speaker 2: ME i can't wait till. TOMORROW i can't wait till

2048
01:57:26,680 --> 01:57:31,680
Speaker 2: tomorrow to get my point saying to go he ain't on.

2049
01:57:31,760 --> 01:57:34,640
Speaker 2: Me that was my. Point go, AHEAD i gotta think a.

2050
01:57:35,000 --> 01:57:38,280
Speaker 2: Point go, ahead we'll come back to. YOU i got

2051
01:57:37,600 --> 01:57:40,960
Speaker 2: an we'll come back to, you like.

2052
01:57:41,160 --> 01:57:45,680
Speaker 8: Uh life insurance and buying a house was like, real

2053
01:57:46,000 --> 01:57:47,760
Speaker 8: you know What i'm, Saying like you, said they tell

2054
01:57:47,840 --> 01:57:51,880
Speaker 8: us you don't want, it BUT i always, say we're

2055
01:57:51,880 --> 01:57:53,360
Speaker 8: gonna whatever they tell.

2056
01:57:53,240 --> 01:57:55,040
Speaker 2: Us ain't for, us you know What i'm.

2057
01:57:55,080 --> 01:57:56,120
Speaker 3: Saying SO i knew.

2058
01:57:56,040 --> 01:57:57,560
Speaker 2: Something was, Up so break down.

2059
01:57:57,640 --> 01:57:58,640
Speaker 3: That, yeah that hyped me.

2060
01:57:58,720 --> 01:58:02,480
Speaker 2: Up like, literally if you see somebody ON cnbc telling

2061
01:58:02,520 --> 01:58:05,760
Speaker 2: you that you that this generation should not they even

2062
01:58:05,760 --> 01:58:07,360
Speaker 2: Telling white he was. This by the, ways they're not

2063
01:58:07,360 --> 01:58:11,840
Speaker 2: discriminating this generation and should not own a. HOME i

2064
01:58:11,880 --> 01:58:14,040
Speaker 2: want you to do a search of that WITH. Ai

2065
01:58:14,200 --> 01:58:17,120
Speaker 2: you can Do you can do. This, now does this

2066
01:58:17,280 --> 01:58:22,000
Speaker 2: person own a? Home AND ai will do the research

2067
01:58:22,000 --> 01:58:24,600
Speaker 2: in three, seconds pull up property records and say they

2068
01:58:24,680 --> 01:58:27,760
Speaker 2: own a. Home here, HERE i guarantee you there's a

2069
01:58:28,080 --> 01:58:32,680
Speaker 2: million proper millionaire has real estate in their. Portfolio he got,

2070
01:58:32,720 --> 01:58:33,720
Speaker 2: it he got.

2071
01:58:33,760 --> 01:58:35,560
Speaker 1: It go, ahead slat.

2072
01:58:36,040 --> 01:58:39,280
Speaker 2: Yeah school's in, sessions, brothers Missus.

2073
01:58:39,320 --> 01:58:41,840
Speaker 4: Judd one of the biggest points you stayed at the

2074
01:58:41,920 --> 01:58:42,440
Speaker 4: night was.

2075
01:58:44,000 --> 01:58:44,320
Speaker 2: Self.

2076
01:58:45,200 --> 01:58:48,160
Speaker 3: Esteem, yes, yes that's how we got to.

2077
01:58:48,240 --> 01:58:48,560
Speaker 2: Start.

2078
01:58:48,720 --> 01:58:51,360
Speaker 4: First we got to look within ourselves and look within

2079
01:58:51,520 --> 01:58:54,160
Speaker 4: others and know that we can be great because if

2080
01:58:54,200 --> 01:58:56,280
Speaker 4: we don't love, ourselves we ain't gonna love each.

2081
01:58:56,320 --> 01:58:56,760
Speaker 3: Other that's.

2082
01:58:56,840 --> 01:58:59,760
Speaker 4: Right AND i don't even like using the world broke

2083
01:59:00,080 --> 01:59:03,320
Speaker 4: could that's kind of like a a poor man's, mind

2084
01:59:03,520 --> 01:59:05,520
Speaker 4: like a poor man's. WORD i just like to, say

2085
01:59:05,680 --> 01:59:09,160
Speaker 4: bro you're not. Broke you just got insufficient. Funds you

2086
01:59:09,200 --> 01:59:11,600
Speaker 4: see What i'm? Saying we all can got the mental

2087
01:59:11,840 --> 01:59:14,880
Speaker 4: ability to be able to take ourselves or.

2088
01:59:14,960 --> 01:59:17,800
Speaker 3: Elevate you don't want to be. Broken broken mean you're,

2089
01:59:17,880 --> 01:59:19,760
Speaker 3: broken you just have insufficient.

2090
01:59:19,840 --> 01:59:22,160
Speaker 4: Funds BUT i think like if we start loving each

2091
01:59:22,200 --> 01:59:25,120
Speaker 4: other and love ourselves and build self, esteem.

2092
01:59:25,280 --> 01:59:28,800
Speaker 3: That's one of the biggest. Issues everything else is just.

2093
01:59:28,840 --> 01:59:30,320
Speaker 2: Flow the.

2094
01:59:30,480 --> 01:59:35,160
Speaker 1: Leverage that's what stuck, out the, leverage and like you were,

2095
01:59:35,240 --> 01:59:38,920
Speaker 1: saying it's a lot of, this you got to. Refocus

2096
01:59:39,040 --> 01:59:41,040
Speaker 1: it's a lot of, distractions it's a lot of, noise

2097
01:59:41,280 --> 01:59:44,040
Speaker 1: it's a lot of. Bullshit but when you when you

2098
01:59:44,120 --> 01:59:46,280
Speaker 1: got a goal and you got a plan like that

2099
01:59:46,360 --> 01:59:49,120
Speaker 1: should nothing to be able to distract you from, that

2100
01:59:49,440 --> 01:59:51,440
Speaker 1: so long as you stick to the same shit that

2101
01:59:51,560 --> 01:59:53,560
Speaker 1: got you. There like you were, saying with the, houses

2102
01:59:53,880 --> 01:59:56,520
Speaker 1: they don't take seven. Hundred you do this shit three.

2103
01:59:56,640 --> 01:59:59,800
Speaker 2: Times that's. Right you know What i'm, Saying.

2104
02:00:01,120 --> 02:00:04,320
Speaker 1: Fuck all the other, shit stay, focused don't let nobody

2105
02:00:04,400 --> 02:00:05,400
Speaker 1: tell you that it can't be.

2106
02:00:05,520 --> 02:00:06,040
Speaker 3: Done that's.

2107
02:00:06,120 --> 02:00:09,240
Speaker 1: Right take some, chances take some, risks but then still

2108
02:00:09,440 --> 02:00:13,680
Speaker 1: applot of. Information so that's you didn't specifically say, leverage

2109
02:00:13,720 --> 02:00:15,600
Speaker 1: but that's what stuck out to.

2110
02:00:15,680 --> 02:00:18,600
Speaker 2: Me, well using what you, had, leverage your, knowledge leveraging

2111
02:00:19,160 --> 02:00:23,240
Speaker 2: leverage a, network neverge leverage your, relationship capital leverage, leverage

2112
02:00:23,280 --> 02:00:27,520
Speaker 2: good debt, leverage good opportunity leverage your. Community know how

2113
02:00:27,640 --> 02:00:29,200
Speaker 2: you know this community better than anybody? Else?

2114
02:00:29,280 --> 02:00:29,880
Speaker 3: DOES i?

2115
02:00:30,000 --> 02:00:33,760
Speaker 2: Mean why is somebody walking in our neighborhood and buying our?

2116
02:00:34,000 --> 02:00:37,600
Speaker 2: Shit by the, way don't be hating on somebody coming

2117
02:00:37,640 --> 02:00:41,720
Speaker 2: in your neighborhood talking about. Gentrification, look read a. DICTIONARY

2118
02:00:43,160 --> 02:00:46,360
Speaker 2: a dictionary definition of gentrification is a movement to middle class.

2119
02:00:46,440 --> 02:00:50,200
Speaker 2: Values don't know shit to say about some. Race nothing

2120
02:00:50,200 --> 02:00:52,720
Speaker 2: to do with the. Race you want a community to

2121
02:00:53,600 --> 02:00:57,120
Speaker 2: grow up to middle class. Values and if you had

2122
02:00:57,120 --> 02:01:00,080
Speaker 2: a chance to buy the house in your neighborhood for

2123
02:01:00,160 --> 02:01:02,880
Speaker 2: the last twenty, years why are you upset because some

2124
02:01:03,080 --> 02:01:07,240
Speaker 2: smart white person Or asian person had enough sense to come,

2125
02:01:07,360 --> 02:01:10,560
Speaker 2: in buy, it rehabit and read. It look if you

2126
02:01:10,640 --> 02:01:13,320
Speaker 2: see a white person with flip flops and short pans

2127
02:01:13,360 --> 02:01:15,200
Speaker 2: on riding a bicycle in the nigh but that's not a.

2128
02:01:15,280 --> 02:01:18,880
Speaker 2: Tourist they live there and probably own some. Shire we

2129
02:01:19,040 --> 02:01:23,440
Speaker 2: upset with them for doing what we wouldn't. Do wouldn't.

2130
02:01:23,520 --> 02:01:28,040
Speaker 2: Do knock it. Off they should be applauded and by the.

2131
02:01:28,080 --> 02:01:30,960
Speaker 2: Way if they, go if they're living there and paying property,

2132
02:01:31,000 --> 02:01:34,960
Speaker 2: taxes it's raising your property. Value you go buy the

2133
02:01:35,000 --> 02:01:37,440
Speaker 2: one right next to. Them, like the color is not

2134
02:01:37,520 --> 02:01:40,520
Speaker 2: black or, white or red or. Blue please hear, me

2135
02:01:41,480 --> 02:01:44,760
Speaker 2: the color is. Green that's why WHEN i, STARTED i,

2136
02:01:44,840 --> 02:01:48,240
Speaker 2: said you're not a black, Businessman you're a good businessman

2137
02:01:48,320 --> 02:01:52,000
Speaker 2: who happens to be. Black you want everybody's, dollars you

2138
02:01:52,160 --> 02:01:56,240
Speaker 2: want everybody to be your. CUSTOMER i walked through life

2139
02:01:56,360 --> 02:02:00,520
Speaker 2: consciously oblivious of most things around me because it just don't.

2140
02:02:00,560 --> 02:02:05,200
Speaker 2: Matter people just wasting your damn. Time that's Why i'm

2141
02:02:05,240 --> 02:02:07,680
Speaker 2: Only i'm the only person that damn sprinting. Man nobody's

2142
02:02:07,680 --> 02:02:12,000
Speaker 2: wouldn't waste my. Time i'm ruthless about my. Time WHEN

2143
02:02:12,040 --> 02:02:17,120
Speaker 2: i call, somebody that's. Intentional when And i'm talking to,

2144
02:02:17,200 --> 02:02:22,280
Speaker 2: Somebody i'm sharing my, Energy i'm sharing my. Frequency that's

2145
02:02:22,320 --> 02:02:24,840
Speaker 2: the highest coming IT i can give. You we have

2146
02:02:24,960 --> 02:02:27,680
Speaker 2: a lot of low frequency crap going on man in our,

2147
02:02:27,800 --> 02:02:31,240
Speaker 2: lives and it's just it's. Toxic I'm i'm y'all can do.

2148
02:02:31,360 --> 02:02:33,800
Speaker 2: IT i ain't got no interest in. It so people

2149
02:02:33,840 --> 02:02:39,160
Speaker 2: don't even know When i'm ignoring. THEM i see people

2150
02:02:39,240 --> 02:02:41,560
Speaker 2: all day all. Night, hello how you? Doing, yes, yes,

2151
02:02:41,640 --> 02:02:44,640
Speaker 2: yes you have no idea WHAT i have already made

2152
02:02:44,640 --> 02:02:47,160
Speaker 2: an assessment WHEN i meet. You that's a thirty percent.

2153
02:02:47,240 --> 02:02:50,640
Speaker 2: Person you wanna get one hundred percent and thirty, percent

2154
02:02:51,920 --> 02:02:54,120
Speaker 2: but thirty percent of means all you can. Handle so

2155
02:02:54,240 --> 02:02:55,800
Speaker 2: you thought you got one hundred percent of one hundred

2156
02:02:55,800 --> 02:03:03,840
Speaker 2: percent still. Driving so when you meet, somebody preferably a,

2157
02:03:03,920 --> 02:03:05,880
Speaker 2: mate when you meet a mate business, partner and you

2158
02:03:06,040 --> 02:03:09,760
Speaker 2: experience eighty, percent if you get that lucky and you

2159
02:03:09,840 --> 02:03:11,960
Speaker 2: want to give them one hundred percent of eighty percent.

2160
02:03:12,080 --> 02:03:15,200
Speaker 2: Back now you've met them at they met, you and

2161
02:03:15,240 --> 02:03:18,160
Speaker 2: you met them at the. Right that's called high. Frequency

2162
02:03:19,240 --> 02:03:23,280
Speaker 2: there's no, noise it's. Clarity that's a giver and a.

2163
02:03:23,360 --> 02:03:29,200
Speaker 2: Giver too much of our, Stuff, man it's down, here noisy,

2164
02:03:29,560 --> 02:03:38,840
Speaker 2: shit low frequency. Drama people wasting your damn. TIME i

2165
02:03:38,920 --> 02:03:39,960
Speaker 2: SAID i was, Finished inn't?

2166
02:03:40,000 --> 02:03:40,040
Speaker 3: That?

2167
02:03:40,240 --> 02:03:43,800
Speaker 2: Yeah and when you got the, power you don't got

2168
02:03:43,800 --> 02:03:46,320
Speaker 2: to use. It yeah you have either of you have

2169
02:03:46,400 --> 02:03:48,840
Speaker 2: anything that that you got from, This it's okay if you.

2170
02:03:48,920 --> 02:03:51,960
Speaker 2: Don't one of the big things is the.

2171
02:03:52,000 --> 02:03:56,840
Speaker 7: Reparations and like how you basically made the metaphor for not,

2172
02:03:56,960 --> 02:04:00,000
Speaker 7: metaphor but reparations versus action basically trace for a hundred.

2173
02:04:00,040 --> 02:04:04,280
Speaker 7: Ones the difference between two. Dope same THING i always

2174
02:04:04,320 --> 02:04:07,320
Speaker 7: get is that buying a business like buyding, business finding

2175
02:04:07,360 --> 02:04:11,360
Speaker 7: somebody that has a successful, business eating neighborhood, whoever befriending.

2176
02:04:11,400 --> 02:04:12,760
Speaker 7: Them they don't have a succession.

2177
02:04:12,800 --> 02:04:15,680
Speaker 2: Plan they're either. Business my question is.

2178
02:04:17,520 --> 02:04:19,840
Speaker 7: You said business is basically building and, selling.

2179
02:04:20,000 --> 02:04:24,120
Speaker 2: Right the purpose of the business is to build, value

2180
02:04:24,800 --> 02:04:27,720
Speaker 2: to monetize that value and have a liquidity event which

2181
02:04:27,720 --> 02:04:28,800
Speaker 2: you only get by selling.

2182
02:04:28,800 --> 02:04:29,920
Speaker 3: It, well you can.

2183
02:04:29,960 --> 02:04:33,000
Speaker 7: Recapitalize but If i'm buying in business already the same

2184
02:04:33,080 --> 02:04:35,720
Speaker 7: process or buying to keep This.

2185
02:04:35,960 --> 02:04:37,760
Speaker 2: So this is a Great this is a great. Question

2186
02:04:38,600 --> 02:04:40,800
Speaker 2: so let me explain capitalism for you for a. Moment

2187
02:04:41,200 --> 02:04:45,320
Speaker 2: CAN i have two? Minutes it's, Okay so let me explain.

2188
02:04:45,360 --> 02:04:48,000
Speaker 2: Capitalism AND i didn't do this, before So i'm glad.

2189
02:04:48,040 --> 02:04:52,200
Speaker 2: Youations this is what we take personal and it drives

2190
02:04:52,280 --> 02:04:56,480
Speaker 2: me nuts when people start jamming up to be real

2191
02:04:56,560 --> 02:04:59,520
Speaker 2: blunt My jewish brothers and sisters because they're great. Negotiators

2192
02:05:00,120 --> 02:05:02,760
Speaker 2: oh you know This jewish. Guy you know he messed

2193
02:05:02,800 --> 02:05:05,720
Speaker 2: me out of my record recording. Contract, no, no, no slow,

2194
02:05:05,760 --> 02:05:08,720
Speaker 2: Down Joe wait a. Minute he didn't come in with

2195
02:05:08,840 --> 02:05:14,320
Speaker 2: a hood clan's cape on and take your. Music he

2196
02:05:14,440 --> 02:05:16,640
Speaker 2: put a contract in front of. You the. Paperwork the

2197
02:05:16,720 --> 02:05:21,160
Speaker 2: paperwork your ass didn't read, it didn't read, it and

2198
02:05:21,200 --> 02:05:24,120
Speaker 2: it wouldn't take it to an. Attorney but now you

2199
02:05:24,320 --> 02:05:31,440
Speaker 2: upset that he gained you on the paperwork because he

2200
02:05:32,040 --> 02:05:35,000
Speaker 2: designed paperwork to his. Benefit here's what capitalism.

2201
02:05:35,120 --> 02:05:36,320
Speaker 1: Is capitalism is a.

2202
02:05:36,480 --> 02:05:39,440
Speaker 2: Table there's one person on the side as a. Consumer

2203
02:05:39,680 --> 02:05:42,240
Speaker 2: the other person on the side is a. Capitalist please

2204
02:05:42,280 --> 02:05:46,040
Speaker 2: listen to. Me the whole purpose of the capitalists is

2205
02:05:46,120 --> 02:05:49,440
Speaker 2: to extract as much money from you as possible by

2206
02:05:49,520 --> 02:05:54,040
Speaker 2: giving you the least. Value got. That the purpose of

2207
02:05:54,080 --> 02:06:01,280
Speaker 2: the consumer is to pay the least in. Money why

2208
02:06:01,360 --> 02:06:07,800
Speaker 2: extracting in negotiations the most? Value you follow, me it's really.

2209
02:06:07,840 --> 02:06:13,280
Speaker 2: Important that's the that's their. Job the producer's job is

2210
02:06:13,360 --> 02:06:17,240
Speaker 2: to extract money while giving you the. Least the consumer's

2211
02:06:17,320 --> 02:06:21,040
Speaker 2: job is to pay the least why extracting the? Most,

2212
02:06:21,960 --> 02:06:25,800
Speaker 2: hey good negotiations where everybody leaves that table slightly, annoyed,

2213
02:06:28,960 --> 02:06:32,400
Speaker 2: mm because nobody got everything they. Wanted it cold. Game

2214
02:06:33,200 --> 02:06:37,680
Speaker 2: but if your dumb ass just looking at the girls

2215
02:06:37,800 --> 02:06:40,040
Speaker 2: or looking at you got sunglasses on at night and

2216
02:06:40,120 --> 02:06:43,080
Speaker 2: you think, That, OH i don't even do the. PAPERWORK

2217
02:06:43,240 --> 02:06:45,560
Speaker 2: i just want to create. It you are you. You

2218
02:06:45,840 --> 02:06:49,520
Speaker 2: it's just a matter of time before you. Broke it's

2219
02:06:49,560 --> 02:06:53,480
Speaker 2: the show. Business it's the business of show it's a.

2220
02:06:53,640 --> 02:06:59,080
Speaker 2: Business the man gave you the, contract read, it get

2221
02:06:59,120 --> 02:07:01,320
Speaker 2: a lawyer to look at at, it come back and.

2222
02:07:01,400 --> 02:07:03,600
Speaker 2: Negotiate you could to have called, them but you. Didn't

2223
02:07:03,680 --> 02:07:07,000
Speaker 2: you didn't. LOOK i just got. CAUGHT i got caught

2224
02:07:07,040 --> 02:07:09,760
Speaker 2: sleeping two weeks. AGO i can't talk too much about

2225
02:07:09,760 --> 02:07:11,080
Speaker 2: it because it's about the go. Thing BUT i got

2226
02:07:11,240 --> 02:07:13,440
Speaker 2: caught sleeping two weeks ago for one twenty six million,

2227
02:07:13,480 --> 02:07:19,360
Speaker 2: dollars luckily for. Me luckily for. Me i'm, good BUT

2228
02:07:19,480 --> 02:07:25,320
Speaker 2: i made a. MISTAKE i didn't take that particular. Contract

2229
02:07:25,360 --> 02:07:28,120
Speaker 2: it was in the middle of a larger. SITUATION i

2230
02:07:28,240 --> 02:07:31,960
Speaker 2: thought these were nice. PEOPLE i, thought even THOUGH i

2231
02:07:32,040 --> 02:07:34,000
Speaker 2: met them in a sort of a shotgun marriage, SITUATION

2232
02:07:34,440 --> 02:07:37,760
Speaker 2: i thought they were good people and they wouldn't screw.

2233
02:07:37,840 --> 02:07:44,040
Speaker 2: Me my. BAD i signed some SHIT i shouldn't have,

2234
02:07:44,120 --> 02:07:45,840
Speaker 2: signed AND i didn't have my attorney look at. It

2235
02:07:45,920 --> 02:07:47,920
Speaker 2: it is the one TIME i didn't let let my

2236
02:07:47,960 --> 02:07:53,240
Speaker 2: attorney look at. It that's my, fault that's my. Doing

2237
02:07:53,920 --> 02:07:59,920
Speaker 2: now you get me, once shame on. You you get me,

2238
02:08:00,120 --> 02:08:01,840
Speaker 2: twice shame on, me shame on.

2239
02:08:01,960 --> 02:08:04,240
Speaker 3: Me but at a level, you why would you do?

2240
02:08:04,320 --> 02:08:09,200
Speaker 2: That Because i'm, human, understood because iPhone has software, upgrades

2241
02:08:10,080 --> 02:08:12,000
Speaker 2: because there is no Perfect i'm glad you asked. That

2242
02:08:12,400 --> 02:08:14,840
Speaker 2: so don't beat yourself. Up you can make a. Mistake

2243
02:08:14,880 --> 02:08:19,720
Speaker 2: that doesn't make you a. Mistake walk, off walk, Off

2244
02:08:19,920 --> 02:08:20,800
Speaker 2: just walk the funk. OFF.

2245
02:08:20,880 --> 02:08:23,240
Speaker 3: Dc the money is staying in the. ROOM i gotta come.

2246
02:08:23,280 --> 02:08:28,000
Speaker 2: Back but, luckily, luckily but but but but that that

2247
02:08:28,240 --> 02:08:30,240
Speaker 2: that person who did that won the battle is going

2248
02:08:30,280 --> 02:08:33,800
Speaker 2: to lose the. War. Damn they stabbed me for one

2249
02:08:33,800 --> 02:08:36,920
Speaker 2: point six. Million i'm already stabling them for. FIVE i

2250
02:08:37,000 --> 02:08:40,320
Speaker 2: may stab them for. Ten i'm.

2251
02:08:40,360 --> 02:08:41,040
Speaker 3: GOOD i go with.

2252
02:08:41,160 --> 02:08:44,600
Speaker 2: YOU i can do this with WHAT i can do

2253
02:08:44,680 --> 02:08:48,320
Speaker 2: this hands. Free, Brother just say this Is i'm from the,

2254
02:08:48,400 --> 02:08:50,680
Speaker 2: shoulders from the neck. Up But i'm already by the,

2255
02:08:50,720 --> 02:08:53,360
Speaker 2: Way i'm already. Moved i'm already moved on to the next.

2256
02:08:53,400 --> 02:08:58,520
Speaker 2: Situation this is just the. Past i'm just, Saying i'm

2257
02:08:58,560 --> 02:09:02,080
Speaker 2: supposedly the financial, literist whatever the phrase, IS i made

2258
02:09:02,200 --> 02:09:04,800
Speaker 2: in policy for the, government blah blah. Blah i've served

2259
02:09:04,960 --> 02:09:07,280
Speaker 2: three presents from both, parties have been recognized by five

2260
02:09:07,400 --> 02:09:10,880
Speaker 2: all these. Credentials EVEN i made a, Mistake so don't

2261
02:09:10,920 --> 02:09:14,040
Speaker 2: don't don't, don't don't jam yourself about. Mistakes we're gonna make, mistakes,

2262
02:09:14,280 --> 02:09:18,200
Speaker 2: Right just get up and keep it moving because it's

2263
02:09:18,280 --> 02:09:23,080
Speaker 2: hard to hit a moving. TARGET i think the.

2264
02:09:23,240 --> 02:09:25,080
Speaker 6: Thing that stuck out to be really is like you

2265
02:09:25,200 --> 02:09:28,560
Speaker 6: talk a lot about how like our humanity and our,

2266
02:09:28,640 --> 02:09:31,200
Speaker 6: issues like people will kind of hold this beast like he,

2267
02:09:31,320 --> 02:09:34,360
Speaker 6: said and self esteem are you, know shying away from?

2268
02:09:34,360 --> 02:09:38,280
Speaker 6: Spirituality all those types of things do affect our ability

2269
02:09:38,360 --> 02:09:41,840
Speaker 6: to sit, down get some requiet things and actually come

2270
02:09:41,920 --> 02:09:43,120
Speaker 6: up with the ideas that are.

2271
02:09:43,040 --> 02:09:46,160
Speaker 2: Gonna bring us. Capital, yeah everybody's not a real estate.

2272
02:09:46,280 --> 02:09:46,960
Speaker 2: Mobile everybody.

2273
02:09:47,560 --> 02:09:50,640
Speaker 6: Artists SO i do need to sit down somewhere required

2274
02:09:50,680 --> 02:09:52,880
Speaker 6: to come up with my ideas and things like that

2275
02:09:52,960 --> 02:09:55,840
Speaker 6: That i'm gonna put out that eventually need to making.

2276
02:09:55,920 --> 02:09:56,160
Speaker 5: Money.

2277
02:09:56,440 --> 02:09:58,480
Speaker 6: YEAH i think like a lot of times you hear

2278
02:09:58,480 --> 02:10:00,400
Speaker 6: a lot of people like you gotta do this and

2279
02:10:00,480 --> 02:10:02,440
Speaker 6: sign up for this and take this class and do

2280
02:10:02,840 --> 02:10:04,440
Speaker 6: AND i feel like a lot of times it's like,

2281
02:10:05,080 --> 02:10:06,720
Speaker 6: folks you got to use your mind right. First you

2282
02:10:06,720 --> 02:10:09,600
Speaker 6: gotta spear it right, first because whatever money come to,

2283
02:10:09,640 --> 02:10:12,400
Speaker 6: you when your stuff messed, up it's just gonna miss

2284
02:10:12,480 --> 02:10:12,920
Speaker 6: you up even.

2285
02:10:12,960 --> 02:10:13,600
Speaker 2: More it's just like a.

2286
02:10:13,720 --> 02:10:16,120
Speaker 6: Drug it's gonna amplify whatever's going on inside of you.

2287
02:10:16,200 --> 02:10:18,120
Speaker 6: Anyway so if you messed up when the money, comes just.

2288
02:10:18,400 --> 02:10:21,120
Speaker 2: Mission, Please so that's. Brilliant please hear. ME i want,

2289
02:10:21,120 --> 02:10:22,800
Speaker 2: YOU i want you to take away two. Things, one

2290
02:10:23,240 --> 02:10:25,880
Speaker 2: an addiction is a response to an emotion you can't.

2291
02:10:25,920 --> 02:10:34,600
Speaker 2: Handle an addiction is a response to an emotion you can't.

2292
02:10:34,640 --> 02:10:37,960
Speaker 2: Handle and then what happened is you know it's. Addiction

2293
02:10:38,200 --> 02:10:40,040
Speaker 2: you do a little bit of wine in order to

2294
02:10:40,120 --> 02:10:42,240
Speaker 2: keep medicating you to get the same, buzz you need

2295
02:10:42,320 --> 02:10:44,480
Speaker 2: some more. Wine and that's why people come. Whinos you

2296
02:10:44,520 --> 02:10:47,760
Speaker 2: need more. Wine but it doesn't matter what it, is, weed, wine, drugs.

2297
02:10:47,960 --> 02:10:50,080
Speaker 2: Women you just it's more and more to give you

2298
02:10:50,160 --> 02:10:53,840
Speaker 2: the same. Buzz because as the cup self, esteem the

2299
02:10:53,960 --> 02:10:55,800
Speaker 2: cup has a hole in the, Bottom so it doesn't

2300
02:10:55,800 --> 02:10:57,520
Speaker 2: matter how long much you pour it into. It if

2301
02:10:57,520 --> 02:10:59,680
Speaker 2: you don't steal the damn, cup you can never get.

2302
02:10:59,800 --> 02:11:04,240
Speaker 2: Enough you never get, enough so you. Drown but most

2303
02:11:04,280 --> 02:11:07,040
Speaker 2: things in moderation are. Cool drugs and moderation are. Prescribed

2304
02:11:08,720 --> 02:11:12,320
Speaker 2: why the moderation will load your blood? Pressure most of

2305
02:11:12,360 --> 02:11:16,560
Speaker 2: them in moderations are. Cool, so but in order to do,

2306
02:11:16,640 --> 02:11:22,160
Speaker 2: that you need self. Esteem second, point somebody's gonna say

2307
02:11:22,160 --> 02:11:26,000
Speaker 2: to you if you'll have this, conversation somebody's. Toxicity somebody's

2308
02:11:26,000 --> 02:11:27,680
Speaker 2: gonna say to, you who loves? You by the way

2309
02:11:27,760 --> 02:11:30,120
Speaker 2: they'll talk to, You they're trying to talk you down

2310
02:11:30,160 --> 02:11:33,520
Speaker 2: from all. This John bryan told all this. Stuff just

2311
02:11:33,600 --> 02:11:38,080
Speaker 2: give me all the. Money, Okay i'm gonna take all

2312
02:11:38,120 --> 02:11:42,320
Speaker 2: the wealth in the, world but give it to all

2313
02:11:43,120 --> 02:11:44,080
Speaker 2: the poor people in the.

2314
02:11:44,200 --> 02:11:48,120
Speaker 9: World in three, years we're going to all have it.

2315
02:11:48,200 --> 02:11:56,240
Speaker 9: Back because if you don't have it, here you don't

2316
02:11:56,280 --> 02:11:58,760
Speaker 9: have it, Here you're not gonna have it.

2317
02:11:58,800 --> 02:12:03,720
Speaker 2: Here there's a difference between being broken being poor being

2318
02:12:03,800 --> 02:12:07,520
Speaker 2: broken as. Economic being poor is a disabling frame of,

2319
02:12:07,640 --> 02:12:11,320
Speaker 2: mind a depressed coddition of your, spirit and you must

2320
02:12:11,400 --> 02:12:14,720
Speaker 2: vow never ever ever to be poor. AGAIN i told

2321
02:12:14,760 --> 02:12:19,320
Speaker 2: you money's just a medium of exchanging. Value crap, in crap,

2322
02:12:19,440 --> 02:12:23,480
Speaker 2: out dumb, in. Dumbout so IF i give a million

2323
02:12:23,520 --> 02:12:25,880
Speaker 2: dollars to a homeless guy AND i change, nothing else

2324
02:12:26,200 --> 02:12:32,680
Speaker 2: he'll be broken six. Months ignore the noise considered the

2325
02:12:32,760 --> 02:12:37,480
Speaker 2: source of the. Advice if you're not smarter than, me

2326
02:12:37,640 --> 02:12:39,680
Speaker 2: if you're not more successful than, me and you're trying

2327
02:12:39,720 --> 02:12:41,320
Speaker 2: to give me, ADVICE i don't say anything to. YOU

2328
02:12:42,000 --> 02:12:46,440
Speaker 2: i just write you. Off. Now If i'm getting, WISDOM

2329
02:12:46,680 --> 02:12:49,800
Speaker 2: i can get that from a homeless. Guy spiritual, WISDOM

2330
02:12:50,000 --> 02:12:51,520
Speaker 2: i can get that from the least of these gods.

2331
02:12:51,640 --> 02:12:53,560
Speaker 2: CHILDREN i talk to. EVERYBODY i love talking to bell

2332
02:12:53,680 --> 02:12:57,640
Speaker 2: about bow boys and, waiters And i'm always your. Husband

2333
02:12:57,920 --> 02:13:01,920
Speaker 2: but as far as business, success you're not gonna talk me.

2334
02:13:02,000 --> 02:13:05,000
Speaker 2: Down in the comments section of my own damn, Page

2335
02:13:06,640 --> 02:13:10,800
Speaker 2: i'm asking, people why are you following? Me? Please BEFORE

2336
02:13:10,840 --> 02:13:14,120
Speaker 2: i block you unfollow? Me, like why are you arguing with?

2337
02:13:14,240 --> 02:13:17,320
Speaker 2: Me to argue with a fool? Pruiser right, Too i'm

2338
02:13:17,360 --> 02:13:19,680
Speaker 2: not gonna argue with. You you don't know what you're talking.

2339
02:13:19,720 --> 02:13:25,040
Speaker 2: About i'm the one with a payroll of two million

2340
02:13:25,080 --> 02:13:32,920
Speaker 2: dollars every two. Weeks you're talking about a? Bag come,

2341
02:13:32,960 --> 02:13:34,960
Speaker 2: on what kind of what kind of conversation we're gonna?

2342
02:13:35,000 --> 02:13:38,480
Speaker 2: HAVE i can knock you off with with the interest

2343
02:13:38,520 --> 02:13:42,040
Speaker 2: from my MY mx. CARD i don't argue with PEOPLE

2344
02:13:42,040 --> 02:13:44,640
Speaker 2: i can take MY mx black, card just, pay just

2345
02:13:44,840 --> 02:13:50,440
Speaker 2: buy whatever it is underneath you sitting. There this true.

2346
02:13:50,480 --> 02:13:55,480
Speaker 2: Story Doctor king's, Grandfather Adie williams on all the reason

2347
02:13:55,680 --> 02:13:57,440
Speaker 2: only reason The King center has all that property Is

2348
02:13:57,480 --> 02:14:02,680
Speaker 2: Adie williams owned it the grandfather for Doctor. King So Doctor,

2349
02:14:02,760 --> 02:14:06,760
Speaker 2: King Daddy king was told by the white business across

2350
02:14:06,800 --> 02:14:10,000
Speaker 2: the street When Martin Martin king was growing, UP i

2351
02:14:10,080 --> 02:14:13,160
Speaker 2: don't want my white. Son, SORRY i don't want your

2352
02:14:13,200 --> 02:14:16,800
Speaker 2: black child playing with my white. Son he owned a

2353
02:14:16,840 --> 02:14:22,280
Speaker 2: business across the street from The king. Family Daddy king,

2354
02:14:22,520 --> 02:14:25,800
Speaker 2: SAID i hear. YOU i think you need to remember.

2355
02:14:25,880 --> 02:14:34,000
Speaker 2: SOMETHING i own the real estate underneath your. Business now

2356
02:14:34,080 --> 02:14:41,880
Speaker 2: what did you say to? Me? Apologies true. Story no

2357
02:14:42,040 --> 02:14:44,520
Speaker 2: need to raise your, voice because when you got the,

2358
02:14:44,560 --> 02:14:47,840
Speaker 2: power you don't need to use. It all, right we

2359
02:14:47,920 --> 02:14:50,200
Speaker 2: don't we wrapping it up? Here anybody out here that

2360
02:14:50,440 --> 02:14:55,760
Speaker 2: this was worth your? Time ten thirty one tax for, exchange,

2361
02:14:56,640 --> 02:15:03,520
Speaker 2: yep that's, right free, money tax. Free his brother here

2362
02:15:03,560 --> 02:15:05,640
Speaker 2: is a thinker right, here this one here he thinks

2363
02:15:05,720 --> 02:15:06,760
Speaker 2: what is he talks with his?

2364
02:15:06,880 --> 02:15:09,200
Speaker 1: Brain, now you had him about to jump out this

2365
02:15:09,320 --> 02:15:09,760
Speaker 1: chair a few.

2366
02:15:09,840 --> 02:15:12,400
Speaker 2: Times he was rocking back and forth out like, it

2367
02:15:12,640 --> 02:15:15,960
Speaker 2: you got. It part of it is a trauma because

2368
02:15:16,040 --> 02:15:18,440
Speaker 2: we're to traumatized whenever heal from our. Pain we don't

2369
02:15:18,440 --> 02:15:20,120
Speaker 2: want to think About we don't want think about, money

2370
02:15:20,400 --> 02:15:22,240
Speaker 2: we don't want to think about, death we don't want

2371
02:15:22,240 --> 02:15:24,760
Speaker 2: think about that. Shit we just want to, party enjoy,

2372
02:15:24,880 --> 02:15:27,400
Speaker 2: ourselves have. Fun by the, way people play on. That

2373
02:15:28,000 --> 02:15:30,800
Speaker 2: so what we've been talking, about the whole, situation the luxury,

2374
02:15:30,880 --> 02:15:35,840
Speaker 2: stuff the, party and the blinging that the society manipulates our.

2375
02:15:35,960 --> 02:15:42,280
Speaker 2: Manipulatibility they manipulate our manipulat. Ability so, yes, getting we

2376
02:15:42,360 --> 02:15:44,600
Speaker 2: got to. Get we need to do the boring stuff.

2377
02:15:45,200 --> 02:15:48,720
Speaker 2: First only in the dictionary does the word success come

2378
02:15:48,760 --> 02:15:52,080
Speaker 2: before the word work because it's. Alphabetical BUT i don't

2379
02:15:52,120 --> 02:15:53,800
Speaker 2: need to talk to you a. LOT i read people very.

2380
02:15:53,840 --> 02:15:55,960
Speaker 2: Well you've been on games AND i since you came in,

2381
02:15:56,000 --> 02:15:59,040
Speaker 2: here you've been your soul spirit has been. Quiet you've

2382
02:15:59,040 --> 02:16:02,480
Speaker 2: been ear hustling whole. Time much respect to both of.

2383
02:16:02,520 --> 02:16:06,080
Speaker 2: You anybody else you know you don't want to be

2384
02:16:06,120 --> 02:16:08,600
Speaker 2: the old guy in the. Club so before you kick me,

2385
02:16:08,600 --> 02:16:09,360
Speaker 2: Out i'm gonna leave.

2386
02:16:09,920 --> 02:16:13,080
Speaker 1: Now we ain't never. Kicking that light came.

2387
02:16:19,680 --> 02:16:22,200
Speaker 2: Go on your. PHONE i mean this is the greatest. Generation.

2388
02:16:22,320 --> 02:16:24,120
Speaker 2: MAN i, mean you've got a. Computer you have a

2389
02:16:24,320 --> 02:16:27,200
Speaker 2: macro computer in a. Microphone that's not a, phone it's a.

2390
02:16:27,200 --> 02:16:31,600
Speaker 2: Computer it's. Unbelievable if you have this phone and artificial intelligence,

2391
02:16:31,720 --> 02:16:35,200
Speaker 2: TOGETHER i mean IT'S i, MEAN i don't know how

2392
02:16:35,240 --> 02:16:38,120
Speaker 2: people sleeping like my brain would IF i was coming

2393
02:16:38,200 --> 02:16:40,360
Speaker 2: up right, now my brain would be on. Fire i'd

2394
02:16:40,360 --> 02:16:43,800
Speaker 2: have to force myself to. Sleep this is unbelievable leveling

2395
02:16:43,879 --> 02:16:46,640
Speaker 2: of the playing. Field go on your. PHONE i don't

2396
02:16:46,680 --> 02:16:48,600
Speaker 2: care whether you. Do schwaber COUNT i don't care if you.

2397
02:16:49,000 --> 02:16:53,000
Speaker 2: Do there's a Black fidelity is a black company out Of.

2398
02:16:53,600 --> 02:17:01,000
Speaker 2: CHICAGO i got what Is Oh John, Rogers, oh it'll

2399
02:17:01,080 --> 02:17:03,000
Speaker 2: hit me BEFORE i. Go it's a black owned mutual.

2400
02:17:03,040 --> 02:17:07,800
Speaker 2: Fund funny, company thirteen billion Dollars Aerial capital. Management you

2401
02:17:07,800 --> 02:17:11,240
Speaker 2: can start an aerial account mutual. Funds you can start

2402
02:17:11,280 --> 02:17:13,600
Speaker 2: a what's that coming down In New? York that we

2403
02:17:14,480 --> 02:17:17,920
Speaker 2: that we did investor bill of rights with the new

2404
02:17:18,040 --> 02:17:21,520
Speaker 2: the new, company they sort of cutting edge the. App

2405
02:17:21,560 --> 02:17:27,160
Speaker 2: everybody goes on the App roberhood go To. Robinshood got

2406
02:17:27,200 --> 02:17:28,720
Speaker 2: you trying to stay away FROM i don't know who

2407
02:17:28,760 --> 02:17:30,760
Speaker 2: you compete with? Them let, no, no, no, no we

2408
02:17:30,879 --> 02:17:33,480
Speaker 2: Have we have them actually an agreements called Investor bill

2409
02:17:33,520 --> 02:17:35,720
Speaker 2: Of rights where they they've agreed to treat consumers and

2410
02:17:36,120 --> 02:17:39,240
Speaker 2: properly and all that. Stuff we monitor their. Business so

2411
02:17:39,680 --> 02:17:41,800
Speaker 2: go To. ROBIN i don't care what you. Do open

2412
02:17:41,879 --> 02:17:45,040
Speaker 2: open an, account right and or you can do fractional.

2413
02:17:45,240 --> 02:17:47,800
Speaker 2: Investment let's say you SAY i only have twenty five. Dollars,

2414
02:17:47,879 --> 02:17:51,320
Speaker 2: okay open a fractional investment account and invest twenty five

2415
02:17:51,360 --> 02:17:54,840
Speaker 2: dollars a. Month so wherever you, are just start and

2416
02:17:55,160 --> 02:17:58,920
Speaker 2: do safe. Stuff don't do none of this gambling, stuff

2417
02:17:58,959 --> 02:18:02,520
Speaker 2: none of this cryptos, none that's legit. Gambling if you

2418
02:18:02,600 --> 02:18:04,080
Speaker 2: have some money to give, away, fine but don't do

2419
02:18:04,160 --> 02:18:06,000
Speaker 2: don't use your rent. MONEY i want you to do,

2420
02:18:06,160 --> 02:18:12,600
Speaker 2: basic boring stuff LIKE i told you, Earlier, Walmart, amazon waste, Manage, Apple, yeah,

2421
02:18:12,640 --> 02:18:15,280
Speaker 2: stuff waste, managed stuff that you know is not going.

2422
02:18:15,280 --> 02:18:16,640
Speaker 2: Away what are you about to? SAY i, say we're

2423
02:18:16,640 --> 02:18:21,520
Speaker 2: about small business Starting no investing in small business starting.

2424
02:18:21,600 --> 02:18:24,320
Speaker 2: Up no with all, Jurors i'm sorry to say. It that's.

2425
02:18:24,400 --> 02:18:31,560
Speaker 2: Risky so there's three. Budgets living, budget investment, budget blinking.

2426
02:18:31,680 --> 02:18:34,959
Speaker 3: Budget motherfuckers is doing both of them out of the living.

2427
02:18:35,000 --> 02:18:38,440
Speaker 2: Budget i'm, like.

2428
02:18:38,480 --> 02:18:39,840
Speaker 1: You're, blinking ain't investing In.

2429
02:18:42,160 --> 02:18:42,640
Speaker 2: God.

2430
02:18:45,160 --> 02:18:45,720
Speaker 1: You sat on that.

2431
02:18:45,840 --> 02:18:48,400
Speaker 2: TABLE i didn't. Yet we need some Good look what

2432
02:18:48,480 --> 02:18:51,800
Speaker 2: AM i? Doing you're? Too markled With, well you guys

2433
02:18:51,800 --> 02:18:54,600
Speaker 2: got me. Excited The mark was even smart w your.

2434
02:18:54,600 --> 02:18:58,480
Speaker 1: Podcast you're right.

2435
02:18:58,560 --> 02:18:59,560
Speaker 2: Here i'm going with.

2436
02:18:59,680 --> 02:19:03,680
Speaker 3: Him y'all, all y'all do is sign posters with? ME

2437
02:19:04,560 --> 02:19:12,520
Speaker 3: i want to be on the chat Clearing how many

2438
02:19:12,760 --> 02:19:14,120
Speaker 3: posts y'all gonna sign with?

2439
02:19:14,320 --> 02:19:14,920
Speaker 2: Me told, YOU.

2440
02:19:16,440 --> 02:19:17,039
Speaker 1: I told YOU.

2441
02:19:19,320 --> 02:19:22,439
Speaker 3: I ain't gonna. Lie, BOY i just took all that Paulse.

2442
02:19:22,240 --> 02:19:25,040
Speaker 2: Paul paul taking it all. In, yeah that was.

2443
02:19:25,080 --> 02:19:29,480
Speaker 1: Crazy let's get a, Flick let's get a pun. Oji

2444
02:19:30,160 --> 02:19:30,920
Speaker 1: thank you so much