1 00:00:03,480 --> 00:00:03,880 Speaker 1: What's up? 2 00:00:03,920 --> 00:00:05,920 Speaker 2: His way up with Angela Yee. I'm here with my 3 00:00:06,000 --> 00:00:07,960 Speaker 2: Wealth Wednesday partner, Stacy tisday. 4 00:00:07,840 --> 00:00:12,160 Speaker 3: Eppy Wealth Wednesday's everybody and sit down and get ready 5 00:00:12,200 --> 00:00:15,760 Speaker 3: to take this in because we have two powerhouses here today, 6 00:00:16,040 --> 00:00:19,640 Speaker 3: Shalanda Armstrong, who is founder and managing partner of one 7 00:00:19,720 --> 00:00:21,320 Speaker 3: hundred KM Ventures. 8 00:00:21,480 --> 00:00:22,520 Speaker 4: We'll talk more about that. 9 00:00:22,520 --> 00:00:26,279 Speaker 3: That's a venture capital company focused on women's health, future work, 10 00:00:26,560 --> 00:00:30,720 Speaker 3: creator Economy, joined by none other than Gail Perry Mason, 11 00:00:30,760 --> 00:00:34,000 Speaker 3: who is the founder of Money Matters for youth financial 12 00:00:34,040 --> 00:00:38,320 Speaker 3: literacy camp. She teaches kids everything over eighty five hundred 13 00:00:38,440 --> 00:00:40,559 Speaker 3: and I can't wait to tell you all about the results. 14 00:00:40,880 --> 00:00:44,160 Speaker 3: Let's get right started with how did you two start 15 00:00:44,200 --> 00:00:44,960 Speaker 3: working together? 16 00:00:45,240 --> 00:00:46,360 Speaker 1: This is her sense. 17 00:00:47,680 --> 00:00:50,040 Speaker 4: A powerful intergenerational mix. Here. 18 00:00:50,080 --> 00:00:52,120 Speaker 2: What's happened that made you gotta shout out Detroit? You 19 00:00:52,120 --> 00:00:55,000 Speaker 2: see I wore on my Detroit versus Yes, trying to 20 00:00:55,080 --> 00:00:57,680 Speaker 2: leave that out Detroit because he's. 21 00:00:57,720 --> 00:00:59,080 Speaker 1: Come up at debate. 22 00:01:00,760 --> 00:01:03,800 Speaker 4: Well, yes, okay, how did y'all get started? 23 00:01:04,920 --> 00:01:05,400 Speaker 1: Go ahead? 24 00:01:07,160 --> 00:01:10,000 Speaker 5: I was saying she just wanted the VC firm. But 25 00:01:10,080 --> 00:01:12,520 Speaker 5: let me tell you how I got started was when 26 00:01:12,520 --> 00:01:16,400 Speaker 5: she was twelve years eleven eleven years old, eleven years old. 27 00:01:16,560 --> 00:01:19,720 Speaker 6: Yes, I was eleven and you were working with my sister. 28 00:01:20,640 --> 00:01:22,679 Speaker 6: You guys were working out of the same office in Detroit. 29 00:01:22,680 --> 00:01:23,399 Speaker 6: Shout out to my. 30 00:01:23,360 --> 00:01:24,160 Speaker 1: Sister, Renee. 31 00:01:24,280 --> 00:01:26,960 Speaker 6: Yes, and you guys were the only two women of 32 00:01:27,000 --> 00:01:29,160 Speaker 6: color in that office. 33 00:01:29,600 --> 00:01:32,680 Speaker 1: You just me, yes, that is just me. Let me 34 00:01:32,720 --> 00:01:35,360 Speaker 1: just say that, which is which is not. I'm not 35 00:01:35,400 --> 00:01:38,560 Speaker 1: proud to say that because I had brought so many women. 36 00:01:38,319 --> 00:01:43,240 Speaker 5: Of color through that office that for as interns, financial advisors, 37 00:01:43,240 --> 00:01:43,880 Speaker 5: everything else. 38 00:01:44,120 --> 00:01:46,440 Speaker 1: But you came in to say, I want to purchase 39 00:01:46,440 --> 00:01:48,160 Speaker 1: some stock at eleven years old? 40 00:01:48,160 --> 00:01:50,360 Speaker 4: Do you want to eleven years old? 41 00:01:50,920 --> 00:01:52,800 Speaker 1: You even know what that was. 42 00:01:52,920 --> 00:01:56,360 Speaker 6: So my sister came home and she said, Hey, there's 43 00:01:56,400 --> 00:01:58,880 Speaker 6: this woman in my office and she wants to get 44 00:01:59,040 --> 00:01:59,960 Speaker 6: kids and to invest. 45 00:02:00,760 --> 00:02:03,520 Speaker 1: And I said, what's investing? And she was like, like 46 00:02:03,600 --> 00:02:04,680 Speaker 1: buying stocks and bonds. 47 00:02:04,720 --> 00:02:06,440 Speaker 6: And I was like okay, because you know, I would 48 00:02:06,440 --> 00:02:08,679 Speaker 6: watch CNBC with my parents and things like that. 49 00:02:08,800 --> 00:02:09,160 Speaker 1: Wow. 50 00:02:09,200 --> 00:02:12,280 Speaker 6: And so I went to my parents and I said, hey, 51 00:02:12,840 --> 00:02:15,960 Speaker 6: you know, my sister said that I should be investing, and. 52 00:02:15,919 --> 00:02:17,639 Speaker 1: My parents go, oh, yeah, you should. 53 00:02:18,080 --> 00:02:20,720 Speaker 6: And so I convinced them to like, let me take 54 00:02:20,800 --> 00:02:23,480 Speaker 6: my allowance at the time, I had, you know, a 55 00:02:23,520 --> 00:02:26,960 Speaker 6: couple hundred dollars saved up, and I was eleven years old, 56 00:02:27,360 --> 00:02:31,560 Speaker 6: nineteen ninety five, walking into missus Dale Perry Mason's office, 57 00:02:31,639 --> 00:02:33,359 Speaker 6: and she was teaching me all the ends and outs 58 00:02:33,400 --> 00:02:36,359 Speaker 6: about investing. And the first rule she said is what 59 00:02:36,400 --> 00:02:38,160 Speaker 6: do you actually like? What do you understand? 60 00:02:38,240 --> 00:02:39,440 Speaker 1: And at the time, for. 61 00:02:39,440 --> 00:02:42,360 Speaker 6: Me, it was only sneakers, and so my first stock 62 00:02:42,520 --> 00:02:44,280 Speaker 6: was eighty shares of Converse stock. 63 00:02:45,000 --> 00:02:46,520 Speaker 4: There's so much in that story. 64 00:02:46,680 --> 00:02:49,640 Speaker 3: I paused when you said you'll watch CNBC and everything 65 00:02:49,639 --> 00:02:53,000 Speaker 3: with your parents. That's such a big influence. That was 66 00:02:53,080 --> 00:02:56,640 Speaker 3: early lessons on what happens. We want to definitely unpack 67 00:02:56,680 --> 00:03:00,000 Speaker 3: you both of your story. But Gail, how do you 68 00:03:00,240 --> 00:03:02,560 Speaker 3: kids interested in investing when they don't see it and 69 00:03:02,600 --> 00:03:03,400 Speaker 3: they've never seen it. 70 00:03:04,200 --> 00:03:07,120 Speaker 5: Well, first of all, I was reading this article years 71 00:03:07,160 --> 00:03:11,440 Speaker 5: ago about rich Kids Camp and I said, wait a minute, 72 00:03:11,600 --> 00:03:13,760 Speaker 5: the kids are not rich to go to the camp 73 00:03:13,840 --> 00:03:16,120 Speaker 5: in Detroit. So I need to put on something in 74 00:03:16,160 --> 00:03:18,640 Speaker 5: Detroit and have my own rich kids camp. 75 00:03:19,040 --> 00:03:19,799 Speaker 1: So the first thing, I. 76 00:03:19,800 --> 00:03:22,160 Speaker 5: Use money as a tool really just to reach them. 77 00:03:22,760 --> 00:03:27,280 Speaker 5: But it's all about becoming an owner versus a consumer, 78 00:03:27,520 --> 00:03:28,919 Speaker 5: like you could own this you could own this, you 79 00:03:28,919 --> 00:03:31,720 Speaker 5: could be an entrepreneur, you could own this company versus 80 00:03:31,760 --> 00:03:34,280 Speaker 5: wearing it. So sometimes I'll just say, oh, what do 81 00:03:34,320 --> 00:03:36,040 Speaker 5: you have on? You know, I say what, I got 82 00:03:36,040 --> 00:03:37,480 Speaker 5: a Nike I got on this, I got on that. 83 00:03:37,560 --> 00:03:38,920 Speaker 5: I'm like, oh, I need you to look it up. 84 00:03:39,240 --> 00:03:40,760 Speaker 5: I need you to look up everything you have on 85 00:03:40,960 --> 00:03:42,400 Speaker 5: and tell me how much it would cost. 86 00:03:42,560 --> 00:03:45,440 Speaker 1: Just to own it versus to wear it. Just let 87 00:03:45,520 --> 00:03:45,920 Speaker 1: me just see. 88 00:03:46,240 --> 00:03:48,520 Speaker 5: So they end up doing that and they're like, wow, 89 00:03:48,720 --> 00:03:50,320 Speaker 5: I could really own a piece of I say, of 90 00:03:50,360 --> 00:03:50,920 Speaker 5: course you can. 91 00:03:51,440 --> 00:03:54,000 Speaker 1: So anyway, that's how I get them interested. 92 00:03:54,560 --> 00:03:56,920 Speaker 5: And then we also do things like, you know, play 93 00:03:56,960 --> 00:04:00,200 Speaker 5: tug of war with the kids and they have of 94 00:04:00,320 --> 00:04:02,240 Speaker 5: like a rope and it's like, okay, when to hold 95 00:04:02,280 --> 00:04:04,520 Speaker 5: on and when to let go and not get burned. 96 00:04:04,680 --> 00:04:07,080 Speaker 5: So we do croc stock versus roadblock stock, or we 97 00:04:07,120 --> 00:04:10,640 Speaker 5: do different things like that, and then they actually, you know, 98 00:04:11,000 --> 00:04:13,920 Speaker 5: just own the company. So in our camp, when they leave, 99 00:04:14,200 --> 00:04:16,159 Speaker 5: they actually become owners of Croc. 100 00:04:16,279 --> 00:04:17,920 Speaker 1: Or we go to a Disney. 101 00:04:17,520 --> 00:04:19,839 Speaker 5: Movie, they actually become owners of Disney. So we do 102 00:04:19,920 --> 00:04:20,680 Speaker 5: things like that. 103 00:04:20,680 --> 00:04:22,760 Speaker 2: That's you it's for them to be able to understand 104 00:04:22,920 --> 00:04:27,440 Speaker 2: what got you into wanting to know financial literacy and 105 00:04:27,480 --> 00:04:30,120 Speaker 2: then pass that on, like what was it for you 106 00:04:30,200 --> 00:04:33,200 Speaker 2: as a kid, because I know that wasn't a Oh 107 00:04:33,240 --> 00:04:34,080 Speaker 2: as a kid. 108 00:04:33,960 --> 00:04:35,480 Speaker 5: Only thing I knew is to have a joint account 109 00:04:35,480 --> 00:04:36,640 Speaker 5: with Jesus at the credit union. 110 00:04:36,720 --> 00:04:40,120 Speaker 1: That was like, that was it? So so let me 111 00:04:40,120 --> 00:04:41,440 Speaker 1: tell you because nobody. 112 00:04:41,080 --> 00:04:43,800 Speaker 5: Told me about anything about financial lucy. And I'm still, 113 00:04:43,880 --> 00:04:46,040 Speaker 5: you know, every day, we're still open to learn. These 114 00:04:46,040 --> 00:04:49,120 Speaker 5: were in my house's room for improvement. But I ended 115 00:04:49,200 --> 00:04:52,120 Speaker 5: up going away to college. First year of college. Anyway, 116 00:04:52,160 --> 00:04:54,160 Speaker 5: long story short, and I got very pregnant, divorce all 117 00:04:54,200 --> 00:04:54,920 Speaker 5: within the same year. 118 00:04:55,120 --> 00:04:57,239 Speaker 1: Nobody knows nobody's business which came first. 119 00:04:57,440 --> 00:05:02,159 Speaker 5: But I had a child and so I needed a job, so, 120 00:05:02,400 --> 00:05:03,680 Speaker 5: you know, job just over broke. 121 00:05:03,720 --> 00:05:04,440 Speaker 1: I needed a job. 122 00:05:04,640 --> 00:05:07,800 Speaker 5: And then here I am, you know, going sitting out 123 00:05:07,800 --> 00:05:10,240 Speaker 5: my resume. Back in the day we sent out resumes, 124 00:05:10,400 --> 00:05:13,360 Speaker 5: Yes he did. Yeah, we nailed them out, mailed them out. 125 00:05:13,480 --> 00:05:15,479 Speaker 5: So a brokensh room caught me and I'm like, oh 126 00:05:15,520 --> 00:05:18,760 Speaker 5: my god, I'm broke. Brokerash firm is god. 127 00:05:19,160 --> 00:05:20,200 Speaker 1: So I worked. 128 00:05:20,800 --> 00:05:23,240 Speaker 5: So I worked as a receptionist because I like to talk. 129 00:05:23,320 --> 00:05:25,279 Speaker 5: I worked at a reception at a brokerage firm. So 130 00:05:25,320 --> 00:05:28,000 Speaker 5: people were coming in the door. Nobody looked like us, 131 00:05:28,240 --> 00:05:30,960 Speaker 5: not one person, and I was finally a young a 132 00:05:31,040 --> 00:05:34,000 Speaker 5: lady came in. She was not you know, African American, 133 00:05:34,040 --> 00:05:36,240 Speaker 5: but she was just a young lady and was mostly 134 00:05:36,279 --> 00:05:37,440 Speaker 5: all men coming in. 135 00:05:37,560 --> 00:05:40,239 Speaker 1: And I was like, girl, can I asw you a questions? 136 00:05:40,279 --> 00:05:42,320 Speaker 1: Said yeah, So I took her name. So she was 137 00:05:42,320 --> 00:05:44,240 Speaker 1: going to see her financial advisor and. 138 00:05:44,160 --> 00:05:45,680 Speaker 5: I said can I show you? I said, where did 139 00:05:45,680 --> 00:05:48,720 Speaker 5: you get your money from? And she said, I just 140 00:05:48,760 --> 00:05:50,240 Speaker 5: got divorced. 141 00:05:49,839 --> 00:05:51,880 Speaker 1: And I have a million. How much money you have? 142 00:05:52,080 --> 00:05:52,400 Speaker 1: I thought? 143 00:05:52,440 --> 00:05:54,320 Speaker 5: She said a million, and I said, wait a minute. 144 00:05:54,320 --> 00:05:56,080 Speaker 5: I thought she had caught a case hit the number. 145 00:05:56,400 --> 00:05:58,480 Speaker 5: You know, that was my mentality, you know, caught a 146 00:05:58,520 --> 00:06:01,960 Speaker 5: case at the number. So then she ended up saying, no, 147 00:06:02,279 --> 00:06:04,640 Speaker 5: I got divorce and I never want to work. I 148 00:06:04,680 --> 00:06:07,440 Speaker 5: want to make my money work for me. And I said, 149 00:06:07,440 --> 00:06:09,880 Speaker 5: you got divorce, and I was like, girl. 150 00:06:09,640 --> 00:06:10,039 Speaker 4: Me too. 151 00:06:10,120 --> 00:06:12,600 Speaker 5: But over Jack protection was my line of credit. So 152 00:06:12,680 --> 00:06:15,920 Speaker 5: I was like, I didn't know anything about investing. So anyway, 153 00:06:16,000 --> 00:06:19,680 Speaker 5: so fast forward, I said, I became a secretary and 154 00:06:19,760 --> 00:06:22,479 Speaker 5: I always say case the situation out, you know, which 155 00:06:22,520 --> 00:06:23,919 Speaker 5: means copy and steal everything. 156 00:06:24,279 --> 00:06:26,000 Speaker 1: So I ended up starting. 157 00:06:25,680 --> 00:06:27,720 Speaker 5: Going to people's account seeing what they own. I was 158 00:06:27,760 --> 00:06:29,520 Speaker 5: a consumer, and I said, I got to teach my people. 159 00:06:29,760 --> 00:06:31,840 Speaker 5: So I put on a seminar with John Rodgers at 160 00:06:31,880 --> 00:06:36,479 Speaker 5: Aerial Capitol, and I ended up copy xeroxing somebody's books 161 00:06:36,520 --> 00:06:38,719 Speaker 5: because they wouldn't let me get licensed because I was. 162 00:06:39,120 --> 00:06:41,320 Speaker 5: They said I would never make it, So I xerox 163 00:06:41,360 --> 00:06:44,880 Speaker 5: the books and ended up studying Series seven and passed it. 164 00:06:45,160 --> 00:06:48,240 Speaker 5: You got your series seven, yeah, Series seven, Series sixty five, 165 00:06:48,360 --> 00:06:50,800 Speaker 5: all the licenses, I got them, but I but they 166 00:06:50,800 --> 00:06:53,080 Speaker 5: wouldn't allow me to do it. So I copied the 167 00:06:53,120 --> 00:06:55,760 Speaker 5: books and that's how I got in the business. And 168 00:06:55,760 --> 00:06:58,599 Speaker 5: I started putting on seminars teaching people, and they said, Gail, 169 00:06:58,839 --> 00:07:00,919 Speaker 5: you're just a license secret chair. You'll never make it. 170 00:07:00,960 --> 00:07:02,560 Speaker 5: You got to make these numbers. So they gave me 171 00:07:02,560 --> 00:07:04,760 Speaker 5: your chair just like this rollers on it, and I 172 00:07:04,760 --> 00:07:06,320 Speaker 5: was like, yeah, we want you to roll over for 173 00:07:06,560 --> 00:07:08,640 Speaker 5: ninety days. If you hit these numbers, you can be 174 00:07:08,680 --> 00:07:11,840 Speaker 5: a financial advisor. But you're not even worth training because 175 00:07:11,880 --> 00:07:14,480 Speaker 5: you're not going to make it as African American female 176 00:07:14,480 --> 00:07:15,320 Speaker 5: in this business. 177 00:07:15,560 --> 00:07:18,560 Speaker 1: They said, But if you if you make it these numbers. 178 00:07:18,520 --> 00:07:20,040 Speaker 5: You could you know, you could stay where you are, 179 00:07:20,080 --> 00:07:21,680 Speaker 5: but if not, you can roll right back over and 180 00:07:21,760 --> 00:07:24,440 Speaker 5: being a secretary. So I just rolled over and never 181 00:07:24,480 --> 00:07:26,680 Speaker 5: look back. And sometimes in life we got to stop, 182 00:07:26,840 --> 00:07:28,800 Speaker 5: drop and roll and roll it over to God. 183 00:07:28,880 --> 00:07:32,360 Speaker 1: And that's what I did. And now you know that's right. 184 00:07:32,440 --> 00:07:35,240 Speaker 5: That's why I teach our youth because it wasn't easy, 185 00:07:35,440 --> 00:07:37,240 Speaker 5: but it was definitely a journey. 186 00:07:37,480 --> 00:07:41,480 Speaker 3: And that story led to Silanda's story that buying stock 187 00:07:41,520 --> 00:07:42,480 Speaker 3: at eleven years old. 188 00:07:42,920 --> 00:07:43,680 Speaker 1: How did that? 189 00:07:44,840 --> 00:07:47,760 Speaker 4: How do you think that affected starting one hundred km? 190 00:07:48,200 --> 00:07:50,280 Speaker 1: Oh my gosh, it's like you started. 191 00:07:50,000 --> 00:07:53,040 Speaker 4: In finance and making money and just didn't stop. 192 00:07:54,080 --> 00:07:54,360 Speaker 1: Yeah. 193 00:07:54,400 --> 00:07:56,960 Speaker 6: So it opened me up to this world of investing. 194 00:07:57,000 --> 00:07:59,320 Speaker 6: So I can see to invest through high school, college 195 00:07:59,680 --> 00:08:03,840 Speaker 6: and college. I got introduced to the alternative asset class. 196 00:08:04,040 --> 00:08:06,920 Speaker 1: So I was a sophomore. This is at Hampton. This 197 00:08:06,960 --> 00:08:08,000 Speaker 1: is at Hampton University. 198 00:08:08,040 --> 00:08:09,920 Speaker 6: Shout out to the real Hu. 199 00:08:10,480 --> 00:08:12,000 Speaker 1: And I was a sophomore. 200 00:08:12,040 --> 00:08:14,840 Speaker 6: I'm the same year as Mark Zuckerberg and so I 201 00:08:14,920 --> 00:08:15,480 Speaker 6: was in the lab. 202 00:08:15,520 --> 00:08:18,240 Speaker 1: I was a computer science. Well, he definitely didn't go 203 00:08:18,240 --> 00:08:19,800 Speaker 1: to Hampton. He did not go to Hampton. To the 204 00:08:19,800 --> 00:08:24,760 Speaker 1: other Patrio but at the time, all the computer science 205 00:08:24,840 --> 00:08:27,200 Speaker 1: majors knew each other. Wasn't that many of us at 206 00:08:27,240 --> 00:08:27,480 Speaker 1: the time. 207 00:08:27,600 --> 00:08:30,520 Speaker 6: Now there's a ton of computer science majors. And the 208 00:08:30,560 --> 00:08:34,760 Speaker 6: press release came through. At the time, the Facebook had 209 00:08:34,960 --> 00:08:38,600 Speaker 6: just received a five hundred k investment from this gentleman 210 00:08:38,679 --> 00:08:41,960 Speaker 6: named Peter Thiel, and that's what I called him. His 211 00:08:42,040 --> 00:08:44,000 Speaker 6: name is really Peter Thiel, but at the time I 212 00:08:44,040 --> 00:08:47,320 Speaker 6: thought his name was Peter Thiel. And I was talking 213 00:08:47,360 --> 00:08:50,720 Speaker 6: to my classmates and we're cony some program and I go, guys, 214 00:08:50,720 --> 00:08:53,240 Speaker 6: we have this all backwards, right, And of course everyone goes, yeah, 215 00:08:53,240 --> 00:08:54,720 Speaker 6: we got to do a startup and I go, no, 216 00:08:55,160 --> 00:08:57,600 Speaker 6: how do I become the guy who gave him the money? 217 00:08:58,040 --> 00:09:00,480 Speaker 6: And that is when I got exposed to venture capital 218 00:09:00,800 --> 00:09:01,880 Speaker 6: and venturally. 219 00:09:01,600 --> 00:09:04,080 Speaker 3: You guys can't see this on radio High five, mim. 220 00:09:06,160 --> 00:09:07,840 Speaker 6: Because I wanted to figure out how do you get 221 00:09:07,840 --> 00:09:11,120 Speaker 6: that much capital that you are willing to invest in 222 00:09:11,160 --> 00:09:13,320 Speaker 6: an early stage startup? And that is when I learned 223 00:09:13,320 --> 00:09:15,920 Speaker 6: about venture and everything that came with it, and I 224 00:09:16,000 --> 00:09:17,480 Speaker 6: was like, Okay, that is what I want to do. 225 00:09:17,520 --> 00:09:18,840 Speaker 1: And that was two thousand and three. 226 00:09:19,280 --> 00:09:22,360 Speaker 6: The venture capital industry was extremely different back then there 227 00:09:22,480 --> 00:09:25,320 Speaker 6: was no women, no people of color in the space, 228 00:09:25,480 --> 00:09:26,880 Speaker 6: and so I was like, Okay, I want to figure 229 00:09:26,880 --> 00:09:28,840 Speaker 6: out how to be an Andrew investor. And then eventually 230 00:09:28,960 --> 00:09:31,680 Speaker 6: launched my own firm, and I stayed on my track 231 00:09:31,800 --> 00:09:34,040 Speaker 6: well with the tech career, and then from there became 232 00:09:34,080 --> 00:09:34,880 Speaker 6: an Angrew investor. 233 00:09:35,040 --> 00:09:37,760 Speaker 1: Next up was launching the firm in one Now I 234 00:09:37,800 --> 00:09:38,840 Speaker 1: got so many questions. 235 00:09:38,880 --> 00:09:42,040 Speaker 2: But before we even get to that, you were also 236 00:09:42,120 --> 00:09:45,400 Speaker 2: the catalyst for the Money Matters for Youth program that 237 00:09:45,480 --> 00:09:49,480 Speaker 2: Gail Perry Mason started in Dtrade. So I want to 238 00:09:49,480 --> 00:09:52,080 Speaker 2: get to that because I know that also, just like 239 00:09:52,200 --> 00:09:54,559 Speaker 2: Stacy said, played a huge role in how you even 240 00:09:54,600 --> 00:09:55,680 Speaker 2: wanted to do a fund. 241 00:09:56,760 --> 00:09:57,400 Speaker 1: Yeah, so. 242 00:09:58,960 --> 00:10:03,520 Speaker 6: I that journey of learning how to buy stock and 243 00:10:03,600 --> 00:10:07,400 Speaker 6: just her being even inviting me into her office changed 244 00:10:07,440 --> 00:10:10,599 Speaker 6: my whole trajectory of how I thought about money and 245 00:10:10,640 --> 00:10:13,560 Speaker 6: my relationship with money to a point. I always thought 246 00:10:13,559 --> 00:10:17,200 Speaker 6: about ownership. How do I think about what I'm spending 247 00:10:17,240 --> 00:10:19,679 Speaker 6: my money on? I at the time and still to 248 00:10:19,720 --> 00:10:22,360 Speaker 6: this day, love sneakers. So I always make sure that 249 00:10:22,600 --> 00:10:25,040 Speaker 6: I have just enough Nike stock that the dividend check 250 00:10:25,080 --> 00:10:26,480 Speaker 6: covers all of my sneaker purchases. 251 00:10:26,520 --> 00:10:26,920 Speaker 1: For the year. 252 00:10:27,559 --> 00:10:29,880 Speaker 6: But that is really how I started to think about 253 00:10:29,920 --> 00:10:32,160 Speaker 6: how I was spending my money. And then from there 254 00:10:32,360 --> 00:10:34,720 Speaker 6: she just started to educate more and more kids. And 255 00:10:34,760 --> 00:10:38,320 Speaker 6: so here's a little fun fact. There is probably two 256 00:10:38,400 --> 00:10:41,640 Speaker 6: generations now of kids from Detroit. And we call her 257 00:10:41,640 --> 00:10:44,160 Speaker 6: the Godmother of Detroit for a reason. It's because every 258 00:10:44,320 --> 00:10:46,040 Speaker 6: kid who has come out of the city of Detroit 259 00:10:46,120 --> 00:10:48,160 Speaker 6: at some point in time has cross paths with gil 260 00:10:48,160 --> 00:10:48,760 Speaker 6: Perry Mason. 261 00:10:51,160 --> 00:10:51,760 Speaker 4: I believe that. 262 00:10:52,320 --> 00:10:53,680 Speaker 1: Yeah, now I love that. 263 00:10:53,760 --> 00:10:58,080 Speaker 2: And so back to your point of not seeing other women, 264 00:10:58,440 --> 00:11:03,040 Speaker 2: not seeing other black people or people of color having 265 00:11:03,120 --> 00:11:06,120 Speaker 2: these VC funds and then you starting yours. What were 266 00:11:06,200 --> 00:11:08,560 Speaker 2: some of the So how did you even make that happen? 267 00:11:09,000 --> 00:11:12,319 Speaker 2: Because raising money is not an easy thing it is, 268 00:11:12,760 --> 00:11:15,560 Speaker 2: you know, as we all know, and so how did 269 00:11:15,600 --> 00:11:16,880 Speaker 2: you even like get it started? 270 00:11:17,000 --> 00:11:19,959 Speaker 6: And so the first thing was I did not come 271 00:11:20,000 --> 00:11:22,840 Speaker 6: from a traditional finance background. I come from tech, and 272 00:11:22,920 --> 00:11:26,880 Speaker 6: so I needed to have a track record. My track 273 00:11:26,920 --> 00:11:29,720 Speaker 6: record was my angel investing track record. So I've invested 274 00:11:29,720 --> 00:11:31,640 Speaker 6: in over thirty plus companies with my own cap Can 275 00:11:31,640 --> 00:11:31,960 Speaker 6: you give. 276 00:11:31,880 --> 00:11:32,600 Speaker 1: Us some examples? 277 00:11:32,760 --> 00:11:35,800 Speaker 6: So one company just announced their billion dollar valuation. 278 00:11:35,880 --> 00:11:37,120 Speaker 1: That's noble Apparel. 279 00:11:37,600 --> 00:11:40,320 Speaker 6: It's the brand that's famously known now as one of 280 00:11:40,360 --> 00:11:41,360 Speaker 6: Tom Brady's brands. 281 00:11:41,559 --> 00:11:43,960 Speaker 1: But that's one of my angel investor investments. 282 00:11:44,120 --> 00:11:47,200 Speaker 6: Another one is Instacart, So I was also angel investor 283 00:11:47,240 --> 00:11:50,480 Speaker 6: in Instacart, and so having those type of investments were 284 00:11:50,480 --> 00:11:53,920 Speaker 6: helpful as I was starting to build that track record 285 00:11:54,120 --> 00:11:57,000 Speaker 6: and then from there I really just started to build 286 00:11:57,040 --> 00:12:01,760 Speaker 6: relationships with family offices, high network individuals, and institutions, and 287 00:12:01,840 --> 00:12:05,040 Speaker 6: so we are very early in our journey, but we 288 00:12:05,040 --> 00:12:08,240 Speaker 6: were able to really close our fund one with institutional capital, 289 00:12:08,240 --> 00:12:10,920 Speaker 6: which is huge, especially for a woman and a woman 290 00:12:10,960 --> 00:12:12,559 Speaker 6: of color, to have institutions in. 291 00:12:12,520 --> 00:12:13,079 Speaker 1: Your fund one. 292 00:12:13,440 --> 00:12:15,439 Speaker 3: Okay, you're not getting out of this building without us, 293 00:12:15,480 --> 00:12:17,080 Speaker 3: you know that step one. 294 00:12:17,600 --> 00:12:20,120 Speaker 4: But also so I worked on Wall Street. 295 00:12:20,120 --> 00:12:22,800 Speaker 3: I was a cash manager and I invested in the money, 296 00:12:22,960 --> 00:12:25,720 Speaker 3: invested in overnight markets. It was a company's money, so 297 00:12:25,760 --> 00:12:27,400 Speaker 3: like ninety million dollars a day, but had to be 298 00:12:27,400 --> 00:12:31,600 Speaker 3: in the overnights. And was very young when I got 299 00:12:31,600 --> 00:12:36,800 Speaker 3: that job. Worked on to financial media and always just 300 00:12:36,840 --> 00:12:40,160 Speaker 3: the way we're conditioned. Those white guys in on Wall Street, 301 00:12:40,200 --> 00:12:43,640 Speaker 3: they know everything, you know, they know everything. After a while, 302 00:12:43,720 --> 00:12:47,199 Speaker 3: you start to realize Okay, none of these people are 303 00:12:47,240 --> 00:12:51,720 Speaker 3: particularly bright, and this stuff is not rocket science. And 304 00:12:51,760 --> 00:12:54,439 Speaker 3: I think the thought of going into finance and doing 305 00:12:54,520 --> 00:12:57,880 Speaker 3: all the things that you've accomplished is so our community 306 00:12:57,920 --> 00:13:00,800 Speaker 3: think that thinks that's not for me, that's for rich people, 307 00:13:00,920 --> 00:13:02,080 Speaker 3: or that's for smart people. 308 00:13:02,360 --> 00:13:03,240 Speaker 4: Tell them the truth. 309 00:13:05,600 --> 00:13:06,959 Speaker 1: Well a couple things. 310 00:13:07,000 --> 00:13:09,200 Speaker 6: One, No, no one is as smart as they appear 311 00:13:09,240 --> 00:13:11,120 Speaker 6: to be, right. 312 00:13:11,679 --> 00:13:14,960 Speaker 1: So let's just like, yes, justify that. 313 00:13:16,320 --> 00:13:19,960 Speaker 6: And for a long time, venture capital was this very 314 00:13:20,120 --> 00:13:23,679 Speaker 6: niche industry that was for rich people, and it was 315 00:13:24,440 --> 00:13:28,240 Speaker 6: rich people funding other rich people's ideas. And then it 316 00:13:28,320 --> 00:13:31,720 Speaker 6: started to open up, so we have endowments like Yale 317 00:13:31,760 --> 00:13:34,160 Speaker 6: and Princeton started to invest in the asset class, and 318 00:13:34,200 --> 00:13:36,720 Speaker 6: then all of a sudden you saw this explosion of 319 00:13:36,800 --> 00:13:40,080 Speaker 6: venture capital firms. So now we have so much capital 320 00:13:40,120 --> 00:13:42,480 Speaker 6: out in the market, and now everybody has kind of 321 00:13:42,559 --> 00:13:45,720 Speaker 6: romanticized being a founder, which I would say is not 322 00:13:45,840 --> 00:13:48,280 Speaker 6: for everyone. And I'm probably the VC that says that 323 00:13:48,400 --> 00:13:51,120 Speaker 6: the most, and it's because it is really hard. And 324 00:13:51,280 --> 00:13:54,360 Speaker 6: I always tell folks venture capital is a really, really 325 00:13:54,360 --> 00:13:57,559 Speaker 6: hard business because we have to return the capital back 326 00:13:57,559 --> 00:14:00,680 Speaker 6: to our investors before we see a dime of profits, 327 00:14:00,840 --> 00:14:03,160 Speaker 6: and so you really have to understand how the game 328 00:14:03,240 --> 00:14:05,200 Speaker 6: is played, and it is a cash on cash business. 329 00:14:05,360 --> 00:14:10,240 Speaker 2: Yeah, I've seen conversations about why people shouldn't get funding, 330 00:14:10,880 --> 00:14:13,240 Speaker 2: and so can we talk about that a little bit 331 00:14:13,240 --> 00:14:16,600 Speaker 2: because it's already we're in a space where as black 332 00:14:16,640 --> 00:14:19,320 Speaker 2: women we get the least amount of funding, and that's 333 00:14:19,360 --> 00:14:22,160 Speaker 2: a conversation. But then we hear, well, you shouldn't even 334 00:14:22,400 --> 00:14:24,280 Speaker 2: want to get funding, and so I just want to 335 00:14:24,320 --> 00:14:26,800 Speaker 2: hear your thoughts about that. And because you just talked 336 00:14:26,840 --> 00:14:29,120 Speaker 2: about the responsibility. 337 00:14:28,400 --> 00:14:30,960 Speaker 6: Absolutely so I think one thing that gets lost in 338 00:14:31,000 --> 00:14:34,880 Speaker 6: this conversation around raising money is venture capital is some 339 00:14:34,960 --> 00:14:37,840 Speaker 6: of the most expensive capital that you can take on 340 00:14:38,280 --> 00:14:41,280 Speaker 6: for business because you are giving up equity in your company. 341 00:14:41,680 --> 00:14:44,480 Speaker 6: A lot of folks, especially in our communities, we fear debt, 342 00:14:44,760 --> 00:14:47,520 Speaker 6: and debt is not a bad thing. Giving up equity 343 00:14:47,840 --> 00:14:50,760 Speaker 6: has a lot of consequences, and so when you are 344 00:14:50,800 --> 00:14:55,200 Speaker 6: taking on venture capital dollars, there's an expectation that you 345 00:14:55,240 --> 00:14:58,080 Speaker 6: have a certain level of high yiel growth because we 346 00:14:58,120 --> 00:15:02,240 Speaker 6: have to return that capital back to our investors, and if. 347 00:15:02,040 --> 00:15:03,560 Speaker 1: You are not meeting those metrics. 348 00:15:03,760 --> 00:15:05,880 Speaker 6: We also have the power because of where we sit 349 00:15:05,920 --> 00:15:08,480 Speaker 6: in the capital stack to remove you from your company. 350 00:15:08,960 --> 00:15:11,440 Speaker 4: So that's the point. 351 00:15:11,520 --> 00:15:13,560 Speaker 3: A lot of people are like, oh, venture capital, I'll 352 00:15:13,560 --> 00:15:16,160 Speaker 3: try to get money that way. You really are losing 353 00:15:16,640 --> 00:15:19,120 Speaker 3: a lot of control and you're at somebody else's way. 354 00:15:19,160 --> 00:15:21,920 Speaker 2: How do you feel seeing some of the students that 355 00:15:22,080 --> 00:15:25,720 Speaker 2: you have, you know, and like you said, two generations 356 00:15:25,800 --> 00:15:28,920 Speaker 2: of students, when you see the success that they've managed 357 00:15:28,920 --> 00:15:32,160 Speaker 2: to achieve, and when they come back and they're like, 358 00:15:32,360 --> 00:15:34,520 Speaker 2: it all started with money matters for youth. And I 359 00:15:34,600 --> 00:15:37,360 Speaker 2: just want to hear Shelanda is one of your success stories, 360 00:15:37,400 --> 00:15:40,480 Speaker 2: the first student that actually initiated the camp, but I 361 00:15:40,560 --> 00:15:43,200 Speaker 2: just want to hear about some other stories too. 362 00:15:43,240 --> 00:15:43,920 Speaker 1: So right now. 363 00:15:43,960 --> 00:15:46,640 Speaker 5: So we just rang the bell the very first day 364 00:15:46,640 --> 00:15:49,840 Speaker 5: of the year on January second at the Nest Deck. 365 00:15:50,280 --> 00:15:54,120 Speaker 1: We started it out that day and we had. 366 00:15:53,920 --> 00:15:58,000 Speaker 5: Over twenty five young investors that came through the camp. 367 00:15:58,040 --> 00:16:00,800 Speaker 1: They own AI firms, vs. S firms. 368 00:16:01,040 --> 00:16:03,120 Speaker 5: They work on Wall Street, they work at Goldman Sachs, 369 00:16:03,120 --> 00:16:05,360 Speaker 5: they work at JP Morgan Chase, they work so many 370 00:16:05,360 --> 00:16:08,080 Speaker 5: different places. But they were most of them are right here, 371 00:16:08,360 --> 00:16:10,600 Speaker 5: but some of them our second then we had they 372 00:16:10,640 --> 00:16:14,640 Speaker 5: had their children there too, so they had their time. 373 00:16:15,800 --> 00:16:21,160 Speaker 1: Yes, yes, one of them was in yes on that day, 374 00:16:21,160 --> 00:16:22,840 Speaker 1: but she was watching everything. 375 00:16:22,480 --> 00:16:28,080 Speaker 5: That yes, yes, oh yeah, yeah, so we have now 376 00:16:28,120 --> 00:16:31,120 Speaker 5: it's two generations and I know I feel oh, but 377 00:16:31,240 --> 00:16:33,320 Speaker 5: I was in my twenties when. 378 00:16:33,200 --> 00:16:35,120 Speaker 1: She was getting to my office. Guy started at such 379 00:16:35,160 --> 00:16:36,120 Speaker 1: a young age and. 380 00:16:36,200 --> 00:16:39,840 Speaker 5: The industry, but still it was now it's just seeing 381 00:16:40,040 --> 00:16:43,640 Speaker 5: just watching them grow is a real return on investment. 382 00:16:44,040 --> 00:16:46,600 Speaker 5: So how I feel was just I cried literally eight 383 00:16:46,680 --> 00:16:49,760 Speaker 5: times that day. I just start crying, like, look at them, 384 00:16:49,880 --> 00:16:52,760 Speaker 5: like look look at where you are. So talk about 385 00:16:52,880 --> 00:16:56,440 Speaker 5: legacy and motion for real, like this is totally a 386 00:16:56,520 --> 00:17:00,840 Speaker 5: legacy in motion. To see African Americans one generation after another, 387 00:17:01,320 --> 00:17:03,080 Speaker 5: that is real generational wealth. 388 00:17:03,600 --> 00:17:06,920 Speaker 1: This is what we live for. This is what we want. 389 00:17:07,400 --> 00:17:10,400 Speaker 1: It's the next generation. It's all about sitting the elevator. 390 00:17:10,000 --> 00:17:13,679 Speaker 5: Back down to the next generation all the time, giving 391 00:17:13,760 --> 00:17:15,000 Speaker 5: them a seat at the table. 392 00:17:15,840 --> 00:17:19,080 Speaker 3: The narrative that's never told in the black community is 393 00:17:19,119 --> 00:17:22,919 Speaker 3: that you would never know that Blacks are the fastest 394 00:17:22,960 --> 00:17:25,760 Speaker 3: growing group of millionaires in the United States. Who never 395 00:17:25,880 --> 00:17:29,240 Speaker 3: know that for the past six or seven years in 396 00:17:29,240 --> 00:17:31,640 Speaker 3: a row, Blacks have been the largest number of first 397 00:17:31,640 --> 00:17:33,480 Speaker 3: time investors to the stock market. 398 00:17:34,920 --> 00:17:35,680 Speaker 4: Of course we are. 399 00:17:37,440 --> 00:17:40,960 Speaker 3: We still have that in our DNA, that lack of 400 00:17:41,040 --> 00:17:44,840 Speaker 3: trust and financial institutions for that's a whole other conversation 401 00:17:44,960 --> 00:17:48,480 Speaker 3: why that exists. So we get a front row seat 402 00:17:48,520 --> 00:17:52,280 Speaker 3: to seeing all this wealth being created, but least people 403 00:17:52,320 --> 00:17:54,520 Speaker 3: are getting as for as far as putting it to work. 404 00:17:54,560 --> 00:17:58,080 Speaker 3: Their information's coming from YouTube, it's coming from social media, 405 00:17:58,200 --> 00:18:02,639 Speaker 3: it's coming from finfluencers. And this is our year to 406 00:18:02,720 --> 00:18:07,720 Speaker 3: make sure people get credible information. Talk to people about 407 00:18:07,720 --> 00:18:08,679 Speaker 3: how important that is. 408 00:18:09,960 --> 00:18:14,720 Speaker 6: Oh my gosh, So yes, the YouTube universities that are 409 00:18:14,720 --> 00:18:18,480 Speaker 6: out there. You really have to check your sources, right, 410 00:18:18,560 --> 00:18:20,320 Speaker 6: I know, there's a lot of it. To your point, 411 00:18:20,600 --> 00:18:23,160 Speaker 6: everyone is getting all of this information from so many 412 00:18:23,160 --> 00:18:27,320 Speaker 6: different sources and no one knows what's actually real. There's 413 00:18:27,359 --> 00:18:31,080 Speaker 6: a lot of founders who are soliciting for capital for 414 00:18:31,160 --> 00:18:34,000 Speaker 6: their startups and people not understand how I didn't even 415 00:18:34,000 --> 00:18:37,639 Speaker 6: think about it, yes, of you know, people not understanding 416 00:18:37,640 --> 00:18:41,040 Speaker 6: what it is to actually invest into an early stage 417 00:18:41,040 --> 00:18:43,919 Speaker 6: startup as an angel investor and not understanding all of 418 00:18:43,480 --> 00:18:46,280 Speaker 6: the rules around that. So it's really important that you 419 00:18:46,480 --> 00:18:50,320 Speaker 6: are finding community to get that trusted information from, and 420 00:18:50,440 --> 00:18:53,240 Speaker 6: especially for women. I always say, women who want to 421 00:18:53,280 --> 00:18:56,960 Speaker 6: invest into the alternative assets, find community. That's the first step. 422 00:18:57,040 --> 00:18:59,440 Speaker 6: Do not do it on your own. It's really best 423 00:18:59,440 --> 00:19:00,280 Speaker 6: to find communit. 424 00:19:00,280 --> 00:19:03,280 Speaker 2: I think about Nas and the investments that he's made 425 00:19:03,359 --> 00:19:07,080 Speaker 2: with you know, his manager, and how helpful that's been. 426 00:19:07,200 --> 00:19:09,640 Speaker 2: We can see that he's quite He quietly like has 427 00:19:09,680 --> 00:19:12,560 Speaker 2: all these and that is like the goal to quietly 428 00:19:12,640 --> 00:19:14,560 Speaker 2: have all these investments. 429 00:19:14,880 --> 00:19:16,000 Speaker 1: Yes, do it quietly. 430 00:19:16,119 --> 00:19:18,399 Speaker 5: But I always tell people, like I wrote in the book, 431 00:19:18,760 --> 00:19:21,280 Speaker 5: I have a book, Girl, Make Your Money Girl. And 432 00:19:21,359 --> 00:19:23,520 Speaker 5: we ended up talking about how to set up your 433 00:19:23,520 --> 00:19:27,640 Speaker 5: own personal board directors, your community. Everybody needs their own community, 434 00:19:27,640 --> 00:19:31,680 Speaker 5: like Na has had different people advising him. So that 435 00:19:31,880 --> 00:19:35,280 Speaker 5: comes into play when we do something, you know that 436 00:19:35,400 --> 00:19:37,000 Speaker 5: we need to have so tell people, you know, I 437 00:19:37,000 --> 00:19:39,520 Speaker 5: got to have an attorney and account in this, somebody. 438 00:19:39,280 --> 00:19:43,720 Speaker 1: To help you spiritually and people. And we need Angela 439 00:19:43,840 --> 00:19:45,800 Speaker 1: Yee on our personal board of directors. 440 00:19:46,040 --> 00:19:48,679 Speaker 5: From all the information that you give out all the 441 00:19:48,720 --> 00:19:52,360 Speaker 5: time on your podcast, on your radio show on Wealthy Wednesdays, 442 00:19:52,680 --> 00:19:55,920 Speaker 5: so that you need to have you know, different that 443 00:19:56,000 --> 00:19:56,720 Speaker 5: we need you. 444 00:19:56,840 --> 00:19:58,720 Speaker 1: They don't even know they're on your board of directors. 445 00:19:58,760 --> 00:19:59,600 Speaker 1: You know you're on their. 446 00:19:59,520 --> 00:20:03,840 Speaker 5: Board, but just have people like that, Melody Hobson, George 447 00:20:03,920 --> 00:20:06,879 Speaker 5: Lucas and Warren Buffet's on my board. 448 00:20:07,080 --> 00:20:10,440 Speaker 1: Yeah he didn't even know. Yeah, but w B's my boy. 449 00:20:10,560 --> 00:20:12,840 Speaker 5: And I go and I go to a shareholders meeting 450 00:20:12,840 --> 00:20:15,639 Speaker 5: and they did a whole documentary on my children with 451 00:20:15,760 --> 00:20:18,520 Speaker 5: Warren Buffett. So because we take them to the shareholders 452 00:20:18,560 --> 00:20:21,520 Speaker 5: meeting every year and we meet Warren Buffett and it's amazing. 453 00:20:21,600 --> 00:20:24,120 Speaker 1: But Warren Buffet's been on my board because success does 454 00:20:24,200 --> 00:20:25,840 Speaker 1: leave clues. So I watch that. 455 00:20:25,920 --> 00:20:29,280 Speaker 5: But we need a board of directors before we go 456 00:20:29,320 --> 00:20:32,080 Speaker 5: out and say, okay, let me watch this YouTube university, 457 00:20:32,359 --> 00:20:35,160 Speaker 5: what's on TikTok, what's teaching me this? But then we 458 00:20:35,240 --> 00:20:37,880 Speaker 5: still we still have to meet people where they are. 459 00:20:38,600 --> 00:20:41,160 Speaker 5: So that's why that's why you do your podcast. 460 00:20:41,240 --> 00:20:44,240 Speaker 2: No, I think it's important because there's so many people 461 00:20:44,240 --> 00:20:45,880 Speaker 2: that are going to try to get to and we've 462 00:20:45,880 --> 00:20:48,240 Speaker 2: heard all the stories of athletes who've lost their money 463 00:20:48,320 --> 00:20:50,760 Speaker 2: and this, and you know, people who had it off 464 00:20:50,800 --> 00:20:53,680 Speaker 2: but then they did these terrible and it makes us nervous. 465 00:20:54,080 --> 00:20:56,080 Speaker 2: But then we also have the flip side of that 466 00:20:56,119 --> 00:20:59,560 Speaker 2: of people who have grown their wealth incredibly because of 467 00:20:59,640 --> 00:21:02,720 Speaker 2: some really smart strategic investments and a lot of times 468 00:21:02,800 --> 00:21:04,840 Speaker 2: like for me, and Chilanda will tell you, like I 469 00:21:04,840 --> 00:21:06,400 Speaker 2: will hit her up and be like, girl, I'm trying 470 00:21:06,440 --> 00:21:08,199 Speaker 2: to figure out how to do X, Y and Z. 471 00:21:08,680 --> 00:21:12,320 Speaker 2: And it's important for people like Gail what you have done, 472 00:21:12,400 --> 00:21:14,760 Speaker 2: and Landa what you have done also, and Stacy what 473 00:21:14,840 --> 00:21:17,160 Speaker 2: you all have been doing, which is you help people 474 00:21:17,200 --> 00:21:21,800 Speaker 2: but without expecting anything in return to just to tell 475 00:21:21,840 --> 00:21:26,639 Speaker 2: a little quick story, I know I have to because 476 00:21:26,680 --> 00:21:28,560 Speaker 2: you know, Detroit is near and dear to my heart, 477 00:21:29,000 --> 00:21:33,200 Speaker 2: and I actually met you at Craig Cafe prior to 478 00:21:33,200 --> 00:21:38,040 Speaker 2: Shilanda reintroducing us, and you know, it was a brief interaction, 479 00:21:38,440 --> 00:21:41,560 Speaker 2: and then Sheilanda was like, Okay, we're setting up something 480 00:21:41,560 --> 00:21:44,480 Speaker 2: for you in Detroit at Gail Perry Mason's house and 481 00:21:44,520 --> 00:21:46,600 Speaker 2: she's gonna We're gonna invite all these people that you 482 00:21:46,680 --> 00:21:49,040 Speaker 2: need to meet in Detroit to help you make sure 483 00:21:49,080 --> 00:21:52,000 Speaker 2: that everything is done properly with your building. We know 484 00:21:52,080 --> 00:21:54,200 Speaker 2: that there's these units that you want to lease out 485 00:21:54,480 --> 00:21:56,919 Speaker 2: for women who were justice impacted. That was one of 486 00:21:56,920 --> 00:21:59,800 Speaker 2: the goals. And it was just hard for me because 487 00:21:59,800 --> 00:22:02,800 Speaker 2: I've never done anything of this magnitude before. Sometimes it's 488 00:22:02,800 --> 00:22:04,720 Speaker 2: hard to say you need help. It's hard to ask 489 00:22:04,720 --> 00:22:05,280 Speaker 2: for help. 490 00:22:05,160 --> 00:22:07,080 Speaker 4: You don't know what you don't know sometimes, right. 491 00:22:06,960 --> 00:22:09,359 Speaker 2: And also you don't want to feel like, oh, you know, 492 00:22:09,440 --> 00:22:11,880 Speaker 2: people look at you as a burden. Here comes Angela, 493 00:22:12,080 --> 00:22:14,560 Speaker 2: she needs help. But you guys really put together like 494 00:22:14,640 --> 00:22:17,719 Speaker 2: a great room of people to just kind of like off. 495 00:22:17,880 --> 00:22:20,160 Speaker 2: I mean, I honestly have kept in touch of people 496 00:22:20,200 --> 00:22:22,960 Speaker 2: from there. You know, I've gotten help, I've learned about 497 00:22:23,000 --> 00:22:26,600 Speaker 2: the Opportunity Fund, all of those things just from being 498 00:22:26,680 --> 00:22:28,800 Speaker 2: in that room. And you didn't want anything from me. 499 00:22:29,000 --> 00:22:31,240 Speaker 2: It was just like, how can we help? And so 500 00:22:31,480 --> 00:22:34,120 Speaker 2: I just want to say, like, experiences like that mean 501 00:22:34,160 --> 00:22:36,800 Speaker 2: a lot for people who are out here trying to 502 00:22:36,840 --> 00:22:37,720 Speaker 2: make moves and do. 503 00:22:37,760 --> 00:22:38,320 Speaker 1: The right thing. 504 00:22:38,480 --> 00:22:42,320 Speaker 2: And sometimes doing the right thing is the slower, steadier way, 505 00:22:42,720 --> 00:22:45,640 Speaker 2: but it is definitely you always want to do things 506 00:22:45,680 --> 00:22:49,160 Speaker 2: in the credible way too, that's right. Yes, yeah, I'm 507 00:22:49,240 --> 00:22:52,400 Speaker 2: adamant about that, like just do it the right way. 508 00:22:52,560 --> 00:22:53,199 Speaker 1: No, it is not. 509 00:22:53,359 --> 00:22:56,440 Speaker 6: There's no get rich quick scheme out there's right, yeah, 510 00:22:56,480 --> 00:22:59,560 Speaker 6: Like it's really wealth is built slowly. 511 00:23:00,000 --> 00:23:01,480 Speaker 1: You really do need to take your time. 512 00:23:01,520 --> 00:23:04,760 Speaker 6: And I'm adam and I tell all of the folks 513 00:23:04,760 --> 00:23:07,280 Speaker 6: that I interact with, whether I'm doing like public side 514 00:23:07,280 --> 00:23:10,200 Speaker 6: investing with public equities or just alternative assets. 515 00:23:10,280 --> 00:23:12,320 Speaker 1: Take your time because it's. 516 00:23:12,160 --> 00:23:14,639 Speaker 2: Built slowly, and you don't want to ruin your reputation 517 00:23:15,640 --> 00:23:21,160 Speaker 2: because when that happens, bounce back, but you know it's yeah, 518 00:23:21,440 --> 00:23:23,479 Speaker 2: it's over. You don't want to do that Google and 519 00:23:23,480 --> 00:23:26,000 Speaker 2: be like, oh, she out here scamming people. 520 00:23:26,320 --> 00:23:28,840 Speaker 1: Exactly, the slow and steady wins the race. 521 00:23:29,600 --> 00:23:33,800 Speaker 2: That's it now shelanda with your fun one am I 522 00:23:33,840 --> 00:23:37,600 Speaker 2: want you to talk about because right now with Donald 523 00:23:37,600 --> 00:23:41,280 Speaker 2: Trump getting rid of DEI and sometimes people can't even 524 00:23:41,320 --> 00:23:45,119 Speaker 2: say we want to invest in women or people of color, 525 00:23:45,400 --> 00:23:46,679 Speaker 2: How does that working now? 526 00:23:46,720 --> 00:23:49,320 Speaker 1: And how have you managed? Has it impacted business at all? 527 00:23:50,000 --> 00:23:53,200 Speaker 1: Great question? So it has. 528 00:23:53,240 --> 00:23:55,600 Speaker 6: So we refer to our verticals as the future of 529 00:23:55,680 --> 00:23:59,320 Speaker 6: health instead of women's health as with the new industrys 530 00:23:59,359 --> 00:24:02,320 Speaker 6: that yeah, women is now a bad word with the 531 00:24:02,320 --> 00:24:05,200 Speaker 6: current administration. So the future of health is women's health 532 00:24:05,440 --> 00:24:08,120 Speaker 6: for us, So we just changed our language there. We 533 00:24:08,680 --> 00:24:12,119 Speaker 6: are not a diversity focused fund. You can't say the 534 00:24:12,119 --> 00:24:16,560 Speaker 6: word diversity anymore. We focus on inclusive management teams. So 535 00:24:16,720 --> 00:24:19,760 Speaker 6: there has been some impacts around language but what we're 536 00:24:19,800 --> 00:24:22,000 Speaker 6: doing is still the same. We are looking for a 537 00:24:22,160 --> 00:24:27,920 Speaker 6: great companies, great manager or management teams that are redefining 538 00:24:28,680 --> 00:24:31,320 Speaker 6: what is next. So we are really looking at where's 539 00:24:31,359 --> 00:24:33,680 Speaker 6: the puck going, not where it's been. And so that's 540 00:24:33,720 --> 00:24:35,920 Speaker 6: why we focus on future of health and future of work. 541 00:24:37,400 --> 00:24:40,320 Speaker 6: When we think about women's health, we're fifty one percent 542 00:24:40,440 --> 00:24:44,080 Speaker 6: of the US population and the global population, and we 543 00:24:44,160 --> 00:24:48,239 Speaker 6: have lack of resources, lack of research. We are just 544 00:24:48,440 --> 00:24:51,159 Speaker 6: now getting to a point where we can talk about menopause. 545 00:24:51,600 --> 00:24:52,960 Speaker 1: Yeah it's twenty. 546 00:24:53,119 --> 00:24:57,680 Speaker 3: Six, right, We got to have our own credit cards 547 00:24:57,680 --> 00:24:59,120 Speaker 3: in nineteen seventy exactly. 548 00:25:00,000 --> 00:25:02,520 Speaker 1: I can't avoid either way at some point or another. 549 00:25:03,280 --> 00:25:06,000 Speaker 6: So there's so much around women's health that has not 550 00:25:06,200 --> 00:25:09,160 Speaker 6: been addressed yet, and so we're looking at those next 551 00:25:09,240 --> 00:25:13,040 Speaker 6: generation of solutions around that Health is wealth, because. 552 00:25:13,000 --> 00:25:17,760 Speaker 3: That's a whole other story, interesting thing that I'm realizing, 553 00:25:18,200 --> 00:25:20,960 Speaker 3: especially with the research project I'm working on about the 554 00:25:21,040 --> 00:25:24,160 Speaker 3: DEI situation. We all talk about the pain of the 555 00:25:24,200 --> 00:25:25,640 Speaker 3: internal shifts. 556 00:25:25,760 --> 00:25:26,480 Speaker 4: But it's funny. 557 00:25:26,480 --> 00:25:29,320 Speaker 3: I'm doing a research project for one of the big banks. 558 00:25:30,200 --> 00:25:34,440 Speaker 3: These banks know who their next customer is. As we 559 00:25:34,440 --> 00:25:37,959 Speaker 3: were saying, blacks are the first time investors, the largest 560 00:25:37,960 --> 00:25:40,960 Speaker 3: group of millionaires, and within a couple of years minorities 561 00:25:41,000 --> 00:25:44,320 Speaker 3: are going to be the majority. So while they are 562 00:25:44,359 --> 00:25:47,359 Speaker 3: saying this stuff internally, they're still putting their efforts on 563 00:25:47,480 --> 00:25:49,800 Speaker 3: knowing that we are going to be their next customer. 564 00:25:50,480 --> 00:25:55,120 Speaker 6: Yeah, yeah, absolutely, it's important. I think one of the things, 565 00:25:55,160 --> 00:25:59,000 Speaker 6: and I am very intentional about this. I won't use 566 00:25:59,040 --> 00:26:02,639 Speaker 6: the acronym, and I will if I am an LP meeting, 567 00:26:02,680 --> 00:26:05,960 Speaker 6: and LP means for limited partners, so larger institutions. And 568 00:26:06,040 --> 00:26:10,240 Speaker 6: there's a question around the acronym of DI. I go, well, 569 00:26:10,320 --> 00:26:13,520 Speaker 6: please walk me through how diversity, equity and inclusion is 570 00:26:13,560 --> 00:26:16,040 Speaker 6: an issue for you. If you make folks say the word, 571 00:26:16,359 --> 00:26:20,160 Speaker 6: it changes the conversation instead of using the acron. 572 00:26:21,880 --> 00:26:23,000 Speaker 1: Because it's harder. 573 00:26:22,720 --> 00:26:25,119 Speaker 6: To explain when you actually have to use those words 574 00:26:25,200 --> 00:26:30,280 Speaker 6: and you have to defend B and so, and it 575 00:26:30,359 --> 00:26:38,480 Speaker 6: changes like you don't want to help veterans enlighten me exactly, and. 576 00:26:38,480 --> 00:26:40,680 Speaker 2: Yeah, and yeah, you just said health is We just 577 00:26:40,760 --> 00:26:44,120 Speaker 2: said health is wealth and for you, health is wealth. 578 00:26:44,160 --> 00:26:46,440 Speaker 2: Also because I see what you've been doing with jabs 579 00:26:46,480 --> 00:26:50,840 Speaker 2: and boxing, yes, moving, because I do feel like all 580 00:26:50,920 --> 00:26:53,520 Speaker 2: these things, though, are tied in right. You want to 581 00:26:53,560 --> 00:26:55,840 Speaker 2: be financially healthy, but you want to be physical. 582 00:26:56,000 --> 00:26:57,400 Speaker 5: You have to just so, I'm working on a book 583 00:26:57,400 --> 00:26:59,639 Speaker 5: from a full figured woman to a seven figure woman. 584 00:27:00,040 --> 00:27:02,640 Speaker 1: Woman's guy just shifting her assets. 585 00:27:03,080 --> 00:27:05,280 Speaker 5: So you gotta shift your asset. The worst thing in 586 00:27:05,280 --> 00:27:08,320 Speaker 5: the world to move your ass Yeah. So the one 587 00:27:08,359 --> 00:27:10,840 Speaker 5: thing is the worst thing is to be fat and broken. 588 00:27:10,920 --> 00:27:12,399 Speaker 5: Way more than your credit score. 589 00:27:12,880 --> 00:27:14,200 Speaker 3: It is. It is. 590 00:27:17,480 --> 00:27:18,280 Speaker 4: My credit score. 591 00:27:18,359 --> 00:27:19,160 Speaker 1: That's a t shirt. 592 00:27:19,359 --> 00:27:21,119 Speaker 4: No way more than your credit score, No way more. 593 00:27:21,240 --> 00:27:21,439 Speaker 4: I mean. 594 00:27:21,520 --> 00:27:23,600 Speaker 5: So the thing is, so I'm so this year, for 595 00:27:23,640 --> 00:27:26,000 Speaker 5: thirty years, we're doing like two five ks how to 596 00:27:26,080 --> 00:27:28,480 Speaker 5: save five k and run a five k. So we're 597 00:27:28,480 --> 00:27:30,920 Speaker 5: trying to do things on how to save and how 598 00:27:30,920 --> 00:27:33,199 Speaker 5: to stay healthy at the same time. So yeah, so 599 00:27:33,480 --> 00:27:36,160 Speaker 5: that's the same thing. And knock out poverty, knock out 600 00:27:36,160 --> 00:27:38,440 Speaker 5: your dad. So that's why I do the kickbox. Yes, 601 00:27:38,560 --> 00:27:41,640 Speaker 5: so we do knockout decks, security bags, security. 602 00:27:41,280 --> 00:27:43,000 Speaker 1: Boxing bag, like what we do. 603 00:27:43,080 --> 00:27:45,520 Speaker 5: So I'm gonna try to do something coming up in Detroit. 604 00:27:45,600 --> 00:27:49,120 Speaker 5: Mire Rae, who has used you know, her bag and everything. Yeah, 605 00:27:49,200 --> 00:27:52,560 Speaker 5: so amazing, try to do something with her too. So okay, yes, 606 00:27:52,920 --> 00:27:55,639 Speaker 5: we're trying to do Yeah, secure bag. So so we 607 00:27:55,720 --> 00:27:57,720 Speaker 5: have to do now and that's I think we reach 608 00:27:57,800 --> 00:28:01,600 Speaker 5: our younger generation, next generation by doing things like that 609 00:28:01,920 --> 00:28:04,800 Speaker 5: and showing them health and wealth together, right, I think 610 00:28:05,000 --> 00:28:05,960 Speaker 5: really works out. 611 00:28:06,200 --> 00:28:10,800 Speaker 3: You two are such a beautiful intergenerational partnership and so 612 00:28:10,880 --> 00:28:13,960 Speaker 3: you have the health initiative coming up. What else is 613 00:28:13,960 --> 00:28:14,760 Speaker 3: next for the both of you? 614 00:28:15,560 --> 00:28:22,760 Speaker 6: Well, someone is celebrating thirty years of money matters for you, so. 615 00:28:22,000 --> 00:28:25,640 Speaker 3: Yes, captain of the Winning Place curriculum. 616 00:28:24,720 --> 00:28:28,040 Speaker 5: So yes, So we're doing that. We're doing a lot 617 00:28:28,040 --> 00:28:30,480 Speaker 5: of different things for our thirty years. So we're having 618 00:28:30,480 --> 00:28:33,399 Speaker 5: a big event, so you have to be there. It's okay, 619 00:28:33,440 --> 00:28:35,640 Speaker 5: but it will be the day after Christmas. But we're 620 00:28:35,640 --> 00:28:38,360 Speaker 5: also doing golf outing, We're doing like thirty different you. 621 00:28:38,520 --> 00:28:39,280 Speaker 4: Where's it going to be? 622 00:28:40,680 --> 00:28:43,480 Speaker 1: Probably the train station in Detroit. Oh, that's huge. So 623 00:28:43,960 --> 00:28:46,120 Speaker 1: your name is in there, Shelanda is I. Yes. 624 00:28:47,000 --> 00:28:49,800 Speaker 6: So if you go into the Michigan Central train station, 625 00:28:49,920 --> 00:28:52,560 Speaker 6: there is a innovation room on the first floor, and 626 00:28:52,600 --> 00:28:55,360 Speaker 6: in that innovation room they talk about the resurgence of 627 00:28:55,400 --> 00:28:58,320 Speaker 6: the city and how the train station is kind of 628 00:28:58,320 --> 00:29:01,680 Speaker 6: that central point of the innovation and listed as one 629 00:29:01,720 --> 00:29:04,200 Speaker 6: of their partners is one hundred k adventures. 630 00:29:04,320 --> 00:29:10,760 Speaker 1: Yes, yes, definitely, we're having it at the train station. 631 00:29:11,320 --> 00:29:13,000 Speaker 5: So that's I'm working with them now to try to 632 00:29:13,000 --> 00:29:15,520 Speaker 5: have it there and just we're going to highlight all 633 00:29:15,600 --> 00:29:18,040 Speaker 5: of the return on investments and just put together a 634 00:29:18,080 --> 00:29:22,040 Speaker 5: book with especially with you at the top saying this 635 00:29:22,120 --> 00:29:24,800 Speaker 5: is our return on investment, you know, for money matters 636 00:29:24,840 --> 00:29:27,320 Speaker 5: for youth for thirty years and to show all of 637 00:29:27,360 --> 00:29:29,680 Speaker 5: our young investors and where they are today. 638 00:29:30,000 --> 00:29:31,760 Speaker 2: Congratulations, you've been there for me. 639 00:29:31,840 --> 00:29:34,080 Speaker 1: So what's you need from me? Just let me know? Okay, 640 00:29:34,080 --> 00:29:35,720 Speaker 1: I need you. Okay, So I need you. 641 00:29:36,200 --> 00:29:38,760 Speaker 4: Okay. So you're in the committee honorary committee. 642 00:29:38,760 --> 00:29:40,840 Speaker 1: You're in the committee on everything, but so are YouTube. 643 00:29:40,840 --> 00:29:42,040 Speaker 4: But now you are that's a given. 644 00:29:42,680 --> 00:29:46,000 Speaker 1: Count me up. Okay definitely And how can people find 645 00:29:46,040 --> 00:29:46,520 Speaker 1: both of you? 646 00:29:46,760 --> 00:29:49,600 Speaker 2: So Jessic if they have any further questions they want 647 00:29:49,640 --> 00:29:51,120 Speaker 2: to to a lot of hate people from you. 648 00:29:53,400 --> 00:29:57,280 Speaker 6: Yes, yes, you can find me on the socials one 649 00:29:57,320 --> 00:30:02,840 Speaker 6: hundred km ventures on Instagram then of course Shlanda Armstrong. 650 00:30:03,040 --> 00:30:04,280 Speaker 1: Those are the easiest way to find me. 651 00:30:04,400 --> 00:30:06,200 Speaker 6: Or if you can get a hold of Angela, that's 652 00:30:06,200 --> 00:30:09,240 Speaker 6: another I would find yes, yes. 653 00:30:09,120 --> 00:30:14,480 Speaker 5: So Instagram LinkedIn Twitter everything Gail pie Mason or Gail 654 00:30:14,520 --> 00:30:15,160 Speaker 5: Perry Mason. 655 00:30:15,320 --> 00:30:16,920 Speaker 1: Yes, find me. I love it. 656 00:30:17,040 --> 00:30:19,720 Speaker 4: You guys are such a beautiful story. 657 00:30:20,200 --> 00:30:25,479 Speaker 2: Yes, I'm to know how someone is going to impact 658 00:30:25,520 --> 00:30:27,880 Speaker 2: your life, but it also shows the importance of seeing 659 00:30:27,880 --> 00:30:31,160 Speaker 2: people who look like you in these positions to be 660 00:30:31,200 --> 00:30:32,720 Speaker 2: able to feel like I want to. 661 00:30:32,680 --> 00:30:33,160 Speaker 1: Do that too. 662 00:30:33,560 --> 00:30:36,600 Speaker 6: Yes, and then again I'll just say also the power 663 00:30:36,680 --> 00:30:38,080 Speaker 6: of just having a big sister. 664 00:30:38,360 --> 00:30:40,040 Speaker 1: So if my big sister never. 665 00:30:39,920 --> 00:30:43,080 Speaker 6: Came home and told me about Gail, I would have 666 00:30:43,200 --> 00:30:46,800 Speaker 6: never invested so early and everything would have been different. 667 00:30:46,880 --> 00:30:49,760 Speaker 6: So also I just want to say, yes, huge thanks 668 00:30:49,800 --> 00:30:52,480 Speaker 6: to to her. So thank you Renee and watching finance 669 00:30:52,520 --> 00:30:55,200 Speaker 6: on the news with your parents. Okay, so for Parry at. 670 00:30:55,120 --> 00:30:58,240 Speaker 2: Home, you know that that is yeah, that is sometimes 671 00:30:58,240 --> 00:31:01,080 Speaker 2: how at home things start at home alone, and so 672 00:31:01,240 --> 00:31:03,680 Speaker 2: what you're watching, what you're talking about, those things do 673 00:31:03,760 --> 00:31:04,400 Speaker 2: have an impact. 674 00:31:04,640 --> 00:31:07,480 Speaker 3: Damon John told us the funniest story. His mother couldn't 675 00:31:07,480 --> 00:31:09,719 Speaker 3: get him to read. So she would tell him I'm 676 00:31:09,800 --> 00:31:12,040 Speaker 3: late getting dressed. Read this article to me on the 677 00:31:12,080 --> 00:31:14,080 Speaker 3: Wall Street Journal while I'm getting dressed up. 678 00:31:14,320 --> 00:31:16,800 Speaker 4: And that's how she got into That's how she got 679 00:31:16,840 --> 00:31:17,120 Speaker 4: him in. 680 00:31:17,120 --> 00:31:19,760 Speaker 1: Tricked him into tricked him in it happens. I mean 681 00:31:19,840 --> 00:31:20,240 Speaker 1: my father. 682 00:31:20,680 --> 00:31:22,840 Speaker 6: One of the life lessons that I hold on dearly 683 00:31:23,800 --> 00:31:26,400 Speaker 6: is my father instilled to me, if you cannot buy 684 00:31:26,440 --> 00:31:29,240 Speaker 6: it twice, you can't afford it. And so that is 685 00:31:29,280 --> 00:31:33,160 Speaker 6: what I hold on to every purchase I make, Can 686 00:31:33,240 --> 00:31:36,040 Speaker 6: I buy it twice? And that's before before I make 687 00:31:36,120 --> 00:31:38,680 Speaker 6: any major purchase, it's always cannot buy it twice. Okay, 688 00:31:39,520 --> 00:31:43,160 Speaker 6: we gave y'all a sermon today that fired you. 689 00:31:43,480 --> 00:31:45,640 Speaker 4: We moved you. So just keep moving and know that 690 00:31:45,720 --> 00:31:46,160 Speaker 4: we love you. 691 00:31:46,280 --> 00:31:49,360 Speaker 3: And we'll keep doing that and also follow Wealth Wednesdays 692 00:31:49,440 --> 00:31:52,040 Speaker 3: on Instagram and we'll have lots of information about these 693 00:31:52,120 --> 00:31:54,680 Speaker 3: ladies and you can say good bye everybody. 694 00:31:54,760 --> 00:31:57,960 Speaker 2: Yes, thirty years, we're celebrating Money Matters for youth Financial 695 00:31:58,040 --> 00:32:00,520 Speaker 2: Literacy Camp. But get up Perry Mason and of course 696 00:32:00,600 --> 00:32:05,080 Speaker 2: my girl Solanda Armstrong also ventures can people investor. 697 00:32:05,680 --> 00:32:08,400 Speaker 1: So we are getting ready for our next fun. We 698 00:32:08,560 --> 00:32:11,800 Speaker 1: have had our official fun clothes for our fund one, yes, 699 00:32:11,960 --> 00:32:14,840 Speaker 1: but Fun two is in the work congratulation that is yes, 700 00:32:14,960 --> 00:32:16,760 Speaker 1: that is a huge this is huge. 701 00:32:16,880 --> 00:32:20,240 Speaker 6: That's a huge accomplishment as there is only I think 702 00:32:20,360 --> 00:32:24,880 Speaker 6: less than thirty black women who are fund managers in 703 00:32:25,720 --> 00:32:28,640 Speaker 6: the US, so uh yeah, we got it done, and 704 00:32:28,720 --> 00:32:29,440 Speaker 6: so we're on from the. 705 00:32:29,440 --> 00:32:33,240 Speaker 1: Fun too, so we're excited period. Okay, they do it 706 00:32:33,320 --> 00:32:34,680 Speaker 1: in a D baby, yeah,