1 00:00:00,160 --> 00:00:03,840 Speaker 1: This is Julie Hey calendar, what's my morning like? Julie's 2 00:00:03,880 --> 00:00:06,760 Speaker 1: about to have a long day at nine am? Soccer 3 00:00:06,840 --> 00:00:11,560 Speaker 1: carpool purchase Birthday Card nine oh five, dry cleaning? Did 4 00:00:11,600 --> 00:00:14,440 Speaker 1: you just go backwards? I'm sorry, I can't fit that 5 00:00:14,560 --> 00:00:18,880 Speaker 1: question into your schedule for a little bit, for days 6 00:00:18,880 --> 00:00:21,760 Speaker 1: that won't end. Let Schwan's help. With Schwan's, you can 7 00:00:21,800 --> 00:00:24,400 Speaker 1: get delicious meals that go from freezer to table in minutes, 8 00:00:24,640 --> 00:00:28,720 Speaker 1: not hours, ordered, delivered done. That's homemade. Easy. Visit today 9 00:00:28,720 --> 00:00:32,000 Speaker 1: at Swan's dot com. My next guest is a good 10 00:00:32,040 --> 00:00:35,320 Speaker 1: friend and Uh. In fact, I mentioned to him off 11 00:00:35,680 --> 00:00:37,720 Speaker 1: air that every time he called me, my brain has 12 00:00:37,720 --> 00:00:39,960 Speaker 1: gotten bigger, and it gets what his brain keeps getting 13 00:00:39,960 --> 00:00:44,360 Speaker 1: bigger too. Uh is an award winning actor, best selling Arthur, 14 00:00:44,560 --> 00:00:48,239 Speaker 1: entrepreneur and philanthropists. He is recognizable for a star role 15 00:00:48,320 --> 00:00:51,840 Speaker 1: in the CBS hit television series c S I New York, 16 00:00:51,920 --> 00:00:54,200 Speaker 1: for which he want three n double a cp Emmy's 17 00:00:54,240 --> 00:00:57,440 Speaker 1: Awards for Best Lead Actor in a Drama, then CBS 18 00:00:57,480 --> 00:01:01,120 Speaker 1: series Covert Affairs, Showtimes a War, When they drama Homeland, 19 00:01:01,160 --> 00:01:03,480 Speaker 1: I hated when he when he died in Homeland, he 20 00:01:03,560 --> 00:01:06,480 Speaker 1: blew him up, blew him up. He was he was 21 00:01:06,560 --> 00:01:08,640 Speaker 1: the lead to the President, but they blew him up. 22 00:01:09,120 --> 00:01:11,759 Speaker 1: The cast of ABC's number one drama The Good Doctor 23 00:01:12,240 --> 00:01:15,800 Speaker 1: and hosts on HLN N h l N How How 24 00:01:15,959 --> 00:01:19,440 Speaker 1: It Really Happened and has authors four I repeat four 25 00:01:19,680 --> 00:01:22,679 Speaker 1: New York Times bestsellers. Here's something to really more special 26 00:01:22,680 --> 00:01:27,440 Speaker 1: about this young man. Experience announced a financial inclusion campaign 27 00:01:27,480 --> 00:01:31,720 Speaker 1: called Boost America, featuring him. Please welcome to money making 28 00:01:31,720 --> 00:01:40,399 Speaker 1: conversations financial empowerment activists here, Harper. Yeah, yeah, I was 29 00:01:40,400 --> 00:01:45,080 Speaker 1: eventually gonna introduce you to talk to you money making conversations. Um, 30 00:01:45,120 --> 00:01:47,560 Speaker 1: you know, these types of conversations are so important. So 31 00:01:47,560 --> 00:01:50,080 Speaker 1: I'm so proud of you in this show. So fantastic. 32 00:01:50,320 --> 00:01:52,840 Speaker 1: Well you came to the right show because he really 33 00:01:52,920 --> 00:01:55,560 Speaker 1: is really unique man, because you supported me when I 34 00:01:55,600 --> 00:01:59,120 Speaker 1: first launched it, and now more so many platforms and 35 00:01:58,840 --> 00:02:01,840 Speaker 1: in my rech just really incredible now especially with my 36 00:02:01,920 --> 00:02:05,240 Speaker 1: podcasts and uh, the show is starting to get syndicated 37 00:02:05,280 --> 00:02:08,280 Speaker 1: different market. In fact, we started uh Greensboro, North Carolina. 38 00:02:08,639 --> 00:02:12,560 Speaker 1: This Mother's Day, I'll start broadcasting there and so well 39 00:02:12,720 --> 00:02:15,560 Speaker 1: and so important because we need to have these conversations 40 00:02:15,639 --> 00:02:20,040 Speaker 1: for empowerment. We need financial empowerment and m and and 41 00:02:20,080 --> 00:02:22,520 Speaker 1: folks need the information. So so what you're doing is 42 00:02:22,560 --> 00:02:25,560 Speaker 1: so vital. Thank you. So let's talk about experience, you know, 43 00:02:25,600 --> 00:02:29,320 Speaker 1: which is explain what experience is and then all show 44 00:02:29,320 --> 00:02:34,200 Speaker 1: your relationship with the Boost America campaign. Okay, So Experience 45 00:02:34,440 --> 00:02:38,600 Speaker 1: is one of the big three credit rating agencies, and 46 00:02:38,320 --> 00:02:41,880 Speaker 1: and you know, and your audience certainly knows how important 47 00:02:41,919 --> 00:02:43,799 Speaker 1: your credit score is in your life. And we can 48 00:02:44,000 --> 00:02:46,240 Speaker 1: you know, I think what we should dig deep into 49 00:02:46,280 --> 00:02:48,720 Speaker 1: that and we'll talk about that. But what the Experience 50 00:02:49,080 --> 00:02:54,519 Speaker 1: Boost America campaign is, and it's really a challenge to individuals, 51 00:02:54,560 --> 00:02:57,560 Speaker 1: to folks in town cities, families, friends, and folks across 52 00:02:57,560 --> 00:03:01,080 Speaker 1: the country to engage with their credit to take control. 53 00:03:01,520 --> 00:03:03,960 Speaker 1: You know, right now in this country, there are more 54 00:03:04,000 --> 00:03:06,240 Speaker 1: than one million people in the U s who don't 55 00:03:06,280 --> 00:03:09,280 Speaker 1: have a fair chance to access to credit today because 56 00:03:09,320 --> 00:03:12,360 Speaker 1: they have limit information in their credit files or they 57 00:03:12,360 --> 00:03:14,760 Speaker 1: don't have a credit file at all. And that's certainly 58 00:03:14,760 --> 00:03:17,480 Speaker 1: not good for them, but it's also not good for 59 00:03:17,760 --> 00:03:21,520 Speaker 1: our communities in the American economy. You know, these people 60 00:03:21,720 --> 00:03:24,000 Speaker 1: they're forced to rely on high interest credit cards and 61 00:03:24,080 --> 00:03:26,480 Speaker 1: loans and and things that the many of us take 62 00:03:26,520 --> 00:03:29,320 Speaker 1: for granted. And and the study just came out resounded 63 00:03:29,400 --> 00:03:32,880 Speaker 1: that that if you have a subprime score below, you're 64 00:03:32,880 --> 00:03:36,360 Speaker 1: gonna pay more than two hundred thousand dollars and added 65 00:03:36,440 --> 00:03:40,280 Speaker 1: fees and cause over the course of your lifetime. So 66 00:03:40,320 --> 00:03:43,560 Speaker 1: the question is in that environment, how can we ever 67 00:03:43,680 --> 00:03:48,320 Speaker 1: build wealth? So the fact that experience is innovating in 68 00:03:48,320 --> 00:03:51,560 Speaker 1: this case, they're the first to add to their algorithm 69 00:03:52,000 --> 00:03:55,760 Speaker 1: the ability for the consumer that's me and you and 70 00:03:55,840 --> 00:03:59,960 Speaker 1: everybody listening to load in positive payment information into their 71 00:04:00,040 --> 00:04:04,840 Speaker 1: credit file and in which will ultimately over time, boost 72 00:04:05,320 --> 00:04:08,200 Speaker 1: your score. And that's why it's called boost America to 73 00:04:08,360 --> 00:04:12,760 Speaker 1: boost your score because up until now that many much 74 00:04:12,760 --> 00:04:16,080 Speaker 1: of this positive payment history has not been in your file. 75 00:04:16,160 --> 00:04:19,160 Speaker 1: Because we know, folks in our community, the one thing 76 00:04:19,200 --> 00:04:21,440 Speaker 1: we do pay every month is our cell phone bill 77 00:04:21,480 --> 00:04:24,560 Speaker 1: as an example, right, because that's our lifeline to our 78 00:04:24,560 --> 00:04:27,400 Speaker 1: friends and family. One thing we do pay our utility bills. 79 00:04:27,440 --> 00:04:30,040 Speaker 1: We keep that electricity on. We we we take care 80 00:04:30,040 --> 00:04:32,760 Speaker 1: of our family when things are tight. Sometimes we'll let 81 00:04:32,800 --> 00:04:36,160 Speaker 1: our credit card balances run, but we don't let our 82 00:04:36,200 --> 00:04:40,000 Speaker 1: cell phone bill run, our electricity or water to pay those, 83 00:04:40,040 --> 00:04:43,800 Speaker 1: but we've never gotten credit for that before until now. Exactly. 84 00:04:44,120 --> 00:04:47,000 Speaker 1: So this is it's a powerful tool for us. And 85 00:04:47,000 --> 00:04:49,920 Speaker 1: and that's why I'm I'm a hundred percent behind it, folks. 86 00:04:50,279 --> 00:04:52,360 Speaker 1: Experience is the only one of the big three that 87 00:04:52,480 --> 00:04:55,360 Speaker 1: offers this. You know, the other two are called Equifax 88 00:04:55,360 --> 00:04:58,680 Speaker 1: and TransUnion, and but Experience the only one is offering it. 89 00:04:59,120 --> 00:05:02,040 Speaker 1: Um you go, you go onto the website experien dot com, 90 00:05:02,200 --> 00:05:05,039 Speaker 1: backslize boost America. You go in. You have to, you know, 91 00:05:05,120 --> 00:05:08,279 Speaker 1: put the information if you're paying these accounts through that 92 00:05:08,720 --> 00:05:11,160 Speaker 1: you have to pay your utility yourself one, but you 93 00:05:11,240 --> 00:05:13,080 Speaker 1: have to be paying them through your bank account. They're 94 00:05:13,160 --> 00:05:16,040 Speaker 1: checking your savings and the names have to match, right. 95 00:05:16,120 --> 00:05:18,560 Speaker 1: You can't. You're not gonna get credit for Grandmama paying 96 00:05:18,560 --> 00:05:23,279 Speaker 1: her cell bills. But as long as the names match, 97 00:05:23,360 --> 00:05:26,360 Speaker 1: you pay them to a bank account, you can get credit. 98 00:05:26,400 --> 00:05:29,360 Speaker 1: And it make sure it can give you more positive 99 00:05:29,400 --> 00:05:33,400 Speaker 1: payment history into your file and therefore hopefully your score 100 00:05:33,440 --> 00:05:37,360 Speaker 1: will will rise. It's really important that people understand how 101 00:05:37,440 --> 00:05:42,000 Speaker 1: important credit is. For some reason, uh eighteen seventeen, I 102 00:05:42,080 --> 00:05:45,440 Speaker 1: always understood credit. Not that my parents had good credit, 103 00:05:45,520 --> 00:05:48,440 Speaker 1: they didn't, but I understood the value of good credit, 104 00:05:48,600 --> 00:05:51,520 Speaker 1: the value of paying things off. And and so I 105 00:05:51,560 --> 00:05:53,480 Speaker 1: remember back in my day, you know, a serious credit 106 00:05:53,520 --> 00:05:55,440 Speaker 1: card really had back in the they had more value 107 00:05:55,440 --> 00:05:58,359 Speaker 1: than the American Express. And not seriously is out of business, 108 00:05:58,640 --> 00:06:00,800 Speaker 1: but seriously, you gotta serious credit call it opened up 109 00:06:00,839 --> 00:06:03,520 Speaker 1: the doors to all your credit cards. And so, so 110 00:06:03,600 --> 00:06:06,359 Speaker 1: like my like my credit card score, you Rishan, do 111 00:06:06,400 --> 00:06:08,280 Speaker 1: you follow? You do? My credit score right now is 112 00:06:08,560 --> 00:06:12,920 Speaker 1: thirty five. Even at my level, I understand that just 113 00:06:12,960 --> 00:06:16,160 Speaker 1: because I can generate large sums of income, I can 114 00:06:16,200 --> 00:06:18,320 Speaker 1: also I also need credit because you don't want to 115 00:06:18,320 --> 00:06:20,839 Speaker 1: be using your income all the time. And so at 116 00:06:21,320 --> 00:06:24,479 Speaker 1: my score, and so nine is the maximum you can get. 117 00:06:24,920 --> 00:06:27,640 Speaker 1: And so so I'm proud of that score. But it 118 00:06:27,720 --> 00:06:30,640 Speaker 1: takes well I'm about to break, you know, eight fifties max. 119 00:06:30,800 --> 00:06:38,279 Speaker 1: So you're right there, okay, right there, fifteen points of weight. 120 00:06:38,520 --> 00:06:41,840 Speaker 1: And so and watch this experience boost even worse for 121 00:06:41,880 --> 00:06:44,239 Speaker 1: you that has high credit. That's why I'm telling everybody 122 00:06:44,279 --> 00:06:47,640 Speaker 1: to do it. Your score may only go up one 123 00:06:47,720 --> 00:06:51,760 Speaker 1: or two numbers, but that's better than zero. See, every 124 00:06:51,800 --> 00:06:54,280 Speaker 1: single time it moves, I feel good. If I see 125 00:06:54,279 --> 00:06:56,880 Speaker 1: my score go up one point, I feel good. And 126 00:06:56,880 --> 00:06:58,600 Speaker 1: and and this is the thing you have to think 127 00:06:58,640 --> 00:07:02,239 Speaker 1: about with credit. This is a really important thing. Credit 128 00:07:02,360 --> 00:07:04,440 Speaker 1: is a tool. And this is a tool just like 129 00:07:04,520 --> 00:07:06,960 Speaker 1: money as a tool. You know, people get real emotional 130 00:07:07,000 --> 00:07:08,880 Speaker 1: about it. They get stressed out of about think about 131 00:07:08,880 --> 00:07:11,880 Speaker 1: credit like a hammer. You don't get emotional about a hammer. 132 00:07:12,400 --> 00:07:15,200 Speaker 1: Hammers can can build things, but they also can tare 133 00:07:15,320 --> 00:07:17,320 Speaker 1: things down. And credit is the exact same way. You 134 00:07:17,400 --> 00:07:19,880 Speaker 1: use it properly can help you build your life, help 135 00:07:19,920 --> 00:07:22,280 Speaker 1: you achieve your goals and drains. If use it improperly, 136 00:07:22,440 --> 00:07:24,840 Speaker 1: it actually hurts you because you're in a lot of 137 00:07:24,880 --> 00:07:27,440 Speaker 1: debt and you and and you're servicing that debt, and 138 00:07:27,480 --> 00:07:29,920 Speaker 1: you're and you're paying more and and it's hard to 139 00:07:29,920 --> 00:07:32,080 Speaker 1: get out from under it. Let's let's put out some 140 00:07:32,120 --> 00:07:34,920 Speaker 1: good things here, uh where you can go for discussions 141 00:07:34,960 --> 00:07:39,480 Speaker 1: about ww dot Experience dot com, Ford slash boost America 142 00:07:39,800 --> 00:07:44,000 Speaker 1: and follow hashtag hashtag boost America. And then this is 143 00:07:44,040 --> 00:07:48,800 Speaker 1: a big engagement campaign with hashtag credit Credit chat on 144 00:07:48,920 --> 00:07:52,760 Speaker 1: May fifteen, Uh yes, tell us about that. So I'll 145 00:07:52,800 --> 00:07:55,560 Speaker 1: be doing a credit chat on Twitter, Live chat on Twitter, 146 00:07:55,600 --> 00:07:59,480 Speaker 1: any questions anybody has on May fifteenth, and so that'll 147 00:07:59,520 --> 00:08:02,760 Speaker 1: be that'll be live and it's a chance to engage. Uh, 148 00:08:02,800 --> 00:08:05,960 Speaker 1: anybody who's listening now, or if you know somebody, if 149 00:08:05,960 --> 00:08:07,800 Speaker 1: you know a young person who ask questions, you know, 150 00:08:07,840 --> 00:08:09,320 Speaker 1: we can do a whole We're gonna do a whole 151 00:08:09,640 --> 00:08:12,120 Speaker 1: Twitter chat or maybe things. Just check out my Twitter 152 00:08:12,120 --> 00:08:14,400 Speaker 1: which is at Hill Harper or my Instagram at Hill 153 00:08:14,400 --> 00:08:17,480 Speaker 1: Harper and you and you'll get the information on on 154 00:08:17,480 --> 00:08:20,080 Speaker 1: that Twitter chat how to come on and we can 155 00:08:20,120 --> 00:08:24,120 Speaker 1: engage because so many people have so many questions. Uh, 156 00:08:24,360 --> 00:08:26,880 Speaker 1: you know it's not you know, boost this innovative product, 157 00:08:26,880 --> 00:08:29,720 Speaker 1: this Boost America product with experience is one thing, but 158 00:08:30,040 --> 00:08:32,920 Speaker 1: you know it's the first step to helping you engage 159 00:08:32,920 --> 00:08:35,240 Speaker 1: with their credit to make take other steps to improve 160 00:08:35,280 --> 00:08:38,679 Speaker 1: it long term as well. It's really important. So so 161 00:08:39,040 --> 00:08:41,800 Speaker 1: one can just call mean toxic call because it's really good. 162 00:08:41,800 --> 00:08:45,960 Speaker 1: Because money making conversations started on Facebook, it started on Twitter, 163 00:08:46,040 --> 00:08:48,480 Speaker 1: and so I know the value of how you can 164 00:08:48,520 --> 00:08:51,120 Speaker 1: start something somewhere and then people around the world. That's 165 00:08:51,120 --> 00:08:53,000 Speaker 1: the one thing that really blew me with without getting 166 00:08:53,040 --> 00:08:56,720 Speaker 1: questions from South Africa, from England. So so know that 167 00:08:56,800 --> 00:08:59,440 Speaker 1: your questions and your international start that's gonna be real 168 00:08:59,600 --> 00:09:02,760 Speaker 1: now hell, so your courtions are gonna come from everywhere, man. 169 00:09:03,600 --> 00:09:07,479 Speaker 1: But that which is great, because this is all about empowerment, 170 00:09:07,600 --> 00:09:09,800 Speaker 1: you know, and I really believe we're in a time 171 00:09:09,840 --> 00:09:12,440 Speaker 1: where we're seeing the wealth gap wide. Rich folks are 172 00:09:12,440 --> 00:09:14,560 Speaker 1: getting rich or poor folks are getting poor. We have 173 00:09:14,640 --> 00:09:17,400 Speaker 1: to stop that. And part of that is education. It's 174 00:09:17,480 --> 00:09:21,320 Speaker 1: letting people know, um, how they can actually build wealth, 175 00:09:21,720 --> 00:09:23,800 Speaker 1: what they can do to do that. And part of 176 00:09:23,800 --> 00:09:28,440 Speaker 1: it is equal access to credit that's reasonably that's at 177 00:09:28,440 --> 00:09:31,680 Speaker 1: a reasonable cost. You know, too often there's that old saying, 178 00:09:31,920 --> 00:09:34,680 Speaker 1: and I'm sure you've heard it, it's expensive to be poor. 179 00:09:35,040 --> 00:09:40,080 Speaker 1: It shouldn't be that way. Rights with the worst products, 180 00:09:40,080 --> 00:09:43,680 Speaker 1: the highest interest rates. You know, in Michigan, your credit 181 00:09:43,720 --> 00:09:46,600 Speaker 1: score is used for your for your car insurance. Well, 182 00:09:46,600 --> 00:09:48,120 Speaker 1: I don't I don't want to go too far in Michigan. 183 00:09:48,120 --> 00:09:50,560 Speaker 1: I wanta take that into the next break. But listen up, everybody, 184 00:09:50,920 --> 00:09:54,920 Speaker 1: uh ww dot experience dot com for slash boost America 185 00:09:55,200 --> 00:10:00,920 Speaker 1: and follow hashtag hashtag boost America and own made fifteenth 186 00:10:00,920 --> 00:10:03,280 Speaker 1: and we're talking about this in the next break. Next 187 00:10:03,320 --> 00:10:07,760 Speaker 1: break on Twitter hashtag credit Chat from one pm. Starting 188 00:10:08,040 --> 00:10:10,280 Speaker 1: noon to one pm, you'll be able to chat live 189 00:10:10,400 --> 00:10:14,640 Speaker 1: with Hill Harper. How this ras Sean McDonald. We're talking 190 00:10:14,679 --> 00:10:18,200 Speaker 1: about credit. We're talking about how a lot of people 191 00:10:18,440 --> 00:10:22,480 Speaker 1: feel UH disenfranchised because they don't have credit and UH 192 00:10:22,880 --> 00:10:27,079 Speaker 1: experience one of the three majors of UH credit score 193 00:10:27,120 --> 00:10:30,400 Speaker 1: companies out there that allow you as a partner with 194 00:10:30,440 --> 00:10:34,160 Speaker 1: a good friend of mine, Hill Harper, and UH trying 195 00:10:34,200 --> 00:10:36,400 Speaker 1: to enhance, trying to get people in an opportunity to 196 00:10:36,400 --> 00:10:39,640 Speaker 1: get through the door, the door of opportunity. So he'll 197 00:10:40,080 --> 00:10:44,000 Speaker 1: you are, you're living in Detroit, and now you're invested 198 00:10:44,040 --> 00:10:47,080 Speaker 1: in Detroit, and then launch and boost America in this 199 00:10:47,160 --> 00:10:50,600 Speaker 1: community to help empower it's citizens. But I know I'm 200 00:10:50,679 --> 00:10:52,959 Speaker 1: just saying Detroit, but we know this is nationwide. In 201 00:10:53,080 --> 00:10:57,480 Speaker 1: some instances, it's worldwide. So why the investment in Detroit? Wise, 202 00:10:57,679 --> 00:11:00,640 Speaker 1: Detroit suddenly become just the cool used to put your 203 00:11:00,640 --> 00:11:03,520 Speaker 1: money into. Well, well, it's a it's a couple of things. 204 00:11:03,520 --> 00:11:07,520 Speaker 1: I was introduced to Detroit originally through a doing films 205 00:11:07,520 --> 00:11:09,200 Speaker 1: there because they used to have a mediat tax credit, 206 00:11:09,280 --> 00:11:12,360 Speaker 1: much like in Atlanta, UM and there were a lot 207 00:11:12,400 --> 00:11:14,480 Speaker 1: of independent films being shot there. I met so many 208 00:11:14,520 --> 00:11:16,880 Speaker 1: people that were interested in social Justice and some of 209 00:11:16,880 --> 00:11:20,360 Speaker 1: the hardest working salt of the Earth people I've ever met. Um, 210 00:11:20,400 --> 00:11:22,640 Speaker 1: a lot of creative people have been moved there because 211 00:11:22,679 --> 00:11:25,280 Speaker 1: the cost of living, uh is much lower than many 212 00:11:25,280 --> 00:11:27,199 Speaker 1: other major cities across the country. You know, you can 213 00:11:27,320 --> 00:11:30,280 Speaker 1: purchase a home uh uh you know, a multi bedroom 214 00:11:30,360 --> 00:11:35,360 Speaker 1: home in Detroit still for thirty five fifty dollars. You're 215 00:11:35,360 --> 00:11:37,720 Speaker 1: gonna have to put some work into it. But literally 216 00:11:37,760 --> 00:11:40,160 Speaker 1: the cost of living and it's you know, is like that, 217 00:11:40,600 --> 00:11:43,199 Speaker 1: and and and all these people have stayed with the city. 218 00:11:43,200 --> 00:11:46,600 Speaker 1: They worked hard, and and and I was just impressed 219 00:11:46,640 --> 00:11:48,839 Speaker 1: by So I bought a business in downtown Detroit called 220 00:11:48,880 --> 00:11:52,240 Speaker 1: the Roasting Plant, which is a coffee roastery in downtown Detroit. 221 00:11:52,640 --> 00:11:55,400 Speaker 1: And then I bought a home there called the Fisher Mansion, 222 00:11:55,400 --> 00:11:58,000 Speaker 1: which is, you know, some people considered Detroit's white House. 223 00:11:58,400 --> 00:12:00,560 Speaker 1: And I've been renovating and you know, it's it's and 224 00:12:00,640 --> 00:12:02,959 Speaker 1: I put my art collection and I'm bringing my art 225 00:12:02,960 --> 00:12:06,200 Speaker 1: foundation into teach kids art there. But all that said 226 00:12:06,679 --> 00:12:09,240 Speaker 1: is that you realize that in many ways, Detroit is 227 00:12:09,280 --> 00:12:12,480 Speaker 1: becoming a tale of two cities where you have all 228 00:12:12,559 --> 00:12:16,320 Speaker 1: this resurgence having in the downtown core, but the people 229 00:12:16,320 --> 00:12:19,559 Speaker 1: in the communities, the people that have been there struggling, 230 00:12:19,960 --> 00:12:25,120 Speaker 1: are not tasting that resurgence, they're not participating in it. 231 00:12:25,679 --> 00:12:31,040 Speaker 1: And I'm I'm all about financial inclusion. And that's why 232 00:12:31,200 --> 00:12:34,480 Speaker 1: UM this program is important. And that's why UM having 233 00:12:34,480 --> 00:12:38,840 Speaker 1: discussions like this and financial literacy is important because Detroit 234 00:12:39,040 --> 00:12:43,600 Speaker 1: unfortunately has one of the lowest aggregate credit scores of 235 00:12:43,679 --> 00:12:46,439 Speaker 1: any major city in the country. And so I took 236 00:12:46,520 --> 00:12:48,800 Speaker 1: up home myself to say, I'm gonna raise the credit 237 00:12:48,840 --> 00:12:50,560 Speaker 1: score of the entire city because the folks in the 238 00:12:50,559 --> 00:12:54,120 Speaker 1: communities can't get access to capital. Even though the houses 239 00:12:54,160 --> 00:12:56,920 Speaker 1: are thirty five to fifty thou dollars. If you can't 240 00:12:56,920 --> 00:13:00,200 Speaker 1: get a thirty thousand dollar alone, you can't buy that house, right. 241 00:13:00,360 --> 00:13:03,360 Speaker 1: So we to create inclusion, we have to do it. 242 00:13:03,520 --> 00:13:05,439 Speaker 1: We have to make it happen for folks and raise 243 00:13:05,520 --> 00:13:08,079 Speaker 1: their credit score, get them access to capital. And that's 244 00:13:08,120 --> 00:13:10,719 Speaker 1: why I wanted to focus on Detroit and and this 245 00:13:10,800 --> 00:13:12,720 Speaker 1: is happening in many season across the country. I mean, 246 00:13:12,760 --> 00:13:16,160 Speaker 1: look at Baltimore, the same things going on there. Look 247 00:13:16,200 --> 00:13:19,880 Speaker 1: at look at Newark, New Jersey. UM, you know, these 248 00:13:19,880 --> 00:13:22,560 Speaker 1: things happen, so you can see this happening in other 249 00:13:22,679 --> 00:13:25,800 Speaker 1: places where folks are getting left out of the resurgence 250 00:13:25,840 --> 00:13:27,719 Speaker 1: of the city even though they've been the ones that 251 00:13:27,760 --> 00:13:31,080 Speaker 1: have been there the longest. Again, on that's a noon 252 00:13:31,160 --> 00:13:36,560 Speaker 1: to one pm, there's gonna be hashtag credit chats on Twitter. 253 00:13:37,000 --> 00:13:39,640 Speaker 1: It's gonna be hosted by a good friend and actor 254 00:13:39,920 --> 00:13:45,160 Speaker 1: extraordinaire financial activists. Uh here, Harper, uh here? What type 255 00:13:45,200 --> 00:13:48,880 Speaker 1: of question do you expect to get doing that credit chat? 256 00:13:48,960 --> 00:13:52,040 Speaker 1: I expect folks to say, listen, you know, um, my 257 00:13:52,120 --> 00:13:55,599 Speaker 1: credit score is low because of some mistakes. This is 258 00:13:55,600 --> 00:13:58,439 Speaker 1: what I get a lot, even on the street. Say Hill, 259 00:13:58,679 --> 00:14:01,120 Speaker 1: I know you're working with experience. My credit scores well, 260 00:14:01,240 --> 00:14:03,720 Speaker 1: because when I was in college, I ended up with 261 00:14:04,000 --> 00:14:06,559 Speaker 1: some high interest credit cards that I've just been and 262 00:14:06,960 --> 00:14:09,199 Speaker 1: you know, I've just been paying the minimums on. And 263 00:14:09,240 --> 00:14:11,640 Speaker 1: then I had my student loans. You know, what do 264 00:14:11,720 --> 00:14:15,080 Speaker 1: I pay off first? How can I approach increasing my 265 00:14:15,120 --> 00:14:17,320 Speaker 1: score but at the same time keep my head above water? 266 00:14:17,720 --> 00:14:20,560 Speaker 1: You know, these types of questions and and and I'll 267 00:14:20,560 --> 00:14:22,840 Speaker 1: be able to break those things down obviously to just 268 00:14:22,880 --> 00:14:25,120 Speaker 1: to give a quick answer to if someone has that 269 00:14:25,200 --> 00:14:29,160 Speaker 1: question out there right now, listening, whatever your highest interest 270 00:14:30,080 --> 00:14:33,200 Speaker 1: you know, debt is that's what you want to tackle first, 271 00:14:33,560 --> 00:14:36,400 Speaker 1: and that's usually your credit cards or usually your higher interests. 272 00:14:36,400 --> 00:14:39,360 Speaker 1: You can also negotiate your interest rates on your credit cards. 273 00:14:39,520 --> 00:14:41,960 Speaker 1: Don't take that as a given. The other thing is, 274 00:14:42,080 --> 00:14:44,880 Speaker 1: do not max out your available credit. Because somebody said 275 00:14:44,880 --> 00:14:47,640 Speaker 1: to me, Hill, I pay off my cards every month, 276 00:14:48,400 --> 00:14:50,480 Speaker 1: but and then I but my score is not going up. 277 00:14:50,480 --> 00:14:52,680 Speaker 1: And I said, well, how much of your available credit use? 278 00:14:52,720 --> 00:14:54,640 Speaker 1: E said, well, oh, I max out the card, but 279 00:14:54,680 --> 00:14:57,200 Speaker 1: then I pay it off completely. I said, well, no, no no, no, no. 280 00:14:57,560 --> 00:15:01,240 Speaker 1: You get a negative report if you're using more than 281 00:15:02,080 --> 00:15:04,360 Speaker 1: of your available credit on any even months. So what 282 00:15:04,400 --> 00:15:06,760 Speaker 1: does that mean? Call the credit card company, have them 283 00:15:06,880 --> 00:15:11,680 Speaker 1: increase your available credit amount, or potentially add another card. Now, 284 00:15:11,920 --> 00:15:14,360 Speaker 1: when you add another card, your score may drop a 285 00:15:14,440 --> 00:15:16,440 Speaker 1: little bit short term, but long term, because you have 286 00:15:16,520 --> 00:15:19,080 Speaker 1: more available credit, it will go up. I tell folks, 287 00:15:19,080 --> 00:15:21,560 Speaker 1: don't close any cards as long as they're not high 288 00:15:21,560 --> 00:15:24,520 Speaker 1: cost cards to carry um, you know, year after year, 289 00:15:24,560 --> 00:15:27,000 Speaker 1: because that will negatively impact your score as well. It's 290 00:15:27,000 --> 00:15:30,440 Speaker 1: really interesting where you almost gotta stand debt to a 291 00:15:30,440 --> 00:15:33,960 Speaker 1: certain degree to have approval that you can pay off 292 00:15:34,840 --> 00:15:38,440 Speaker 1: your new debt. Well, well, No, let's be clear. You 293 00:15:38,480 --> 00:15:40,640 Speaker 1: don't have to stay in debt. You have to have 294 00:15:40,720 --> 00:15:44,680 Speaker 1: available credit. Those are two different things. Mean you don't 295 00:15:44,680 --> 00:15:48,280 Speaker 1: have to use the debt for it for its account. 296 00:15:48,320 --> 00:15:50,000 Speaker 1: So so let's say you have a card, you have 297 00:15:50,040 --> 00:15:52,640 Speaker 1: a thousand dollars available credit. If you put a few 298 00:15:52,640 --> 00:15:55,040 Speaker 1: dollars on it, you know that's fine. You don't have 299 00:15:55,080 --> 00:15:57,240 Speaker 1: to use it UM, but you need to keep the 300 00:15:57,280 --> 00:16:01,880 Speaker 1: card open. That's the point, right, that's true. What drives 301 00:16:01,880 --> 00:16:05,440 Speaker 1: your passion and activism for financial empowerment? We've kind of 302 00:16:05,520 --> 00:16:08,080 Speaker 1: hited around, but now this question is you What drives you? 303 00:16:08,080 --> 00:16:12,600 Speaker 1: I realized when I started my foundation UM Manifest your Destiny, 304 00:16:12,680 --> 00:16:16,520 Speaker 1: that I wanted to empower young people and and in 305 00:16:16,640 --> 00:16:18,800 Speaker 1: terms of education, in terms of helping them achieve their 306 00:16:18,840 --> 00:16:21,960 Speaker 1: goals Bausiness, and I started to realize the number one 307 00:16:23,240 --> 00:16:26,320 Speaker 1: excuse or reason they would give me as to why 308 00:16:26,360 --> 00:16:30,479 Speaker 1: they're not following their dreams always went back to money. 309 00:16:30,800 --> 00:16:32,720 Speaker 1: And he said, Man, I wanted to study this, I 310 00:16:32,720 --> 00:16:35,080 Speaker 1: couldn't afford it. Or I want to start this business 311 00:16:35,120 --> 00:16:37,120 Speaker 1: but I couldn't afford it. I wanted to do this, 312 00:16:37,440 --> 00:16:39,520 Speaker 1: I wanted to travel here to learn this, but man, 313 00:16:39,560 --> 00:16:42,120 Speaker 1: I couldn't afford that. I said, well, and then you 314 00:16:42,160 --> 00:16:44,720 Speaker 1: look at couples, and you look at how broken many 315 00:16:44,760 --> 00:16:47,480 Speaker 1: of our families are. What's the number one thing couples 316 00:16:47,560 --> 00:16:51,320 Speaker 1: argue about? Money? And so we started to say, you know, 317 00:16:51,560 --> 00:16:54,440 Speaker 1: if money is the root of what's holding people back 318 00:16:55,520 --> 00:16:59,120 Speaker 1: and we don't even teach it in school, what's going on? 319 00:16:59,480 --> 00:17:03,680 Speaker 1: You know? We have to educate folks and empower them 320 00:17:03,720 --> 00:17:07,000 Speaker 1: financially for them to actually live their best lives and 321 00:17:07,080 --> 00:17:10,480 Speaker 1: have an opportunity to live their best lives and and 322 00:17:10,480 --> 00:17:12,399 Speaker 1: and create wealth. And I want to create wealth in 323 00:17:12,400 --> 00:17:14,360 Speaker 1: our communities. At the end of the day, I want 324 00:17:14,440 --> 00:17:16,000 Speaker 1: people to look back at me and say, Hill Harper 325 00:17:16,080 --> 00:17:20,199 Speaker 1: created ten thousand black and brown millionaires. So, with that 326 00:17:20,240 --> 00:17:23,359 Speaker 1: being said, is that a responsibility when you when you 327 00:17:23,400 --> 00:17:26,240 Speaker 1: take on these types of titles or you try to, uh, 328 00:17:26,320 --> 00:17:31,520 Speaker 1: you know, empower people to live a better life? Hill? Yes, 329 00:17:31,640 --> 00:17:35,760 Speaker 1: you know, when I think about our our our communities, 330 00:17:35,800 --> 00:17:39,040 Speaker 1: and I think about the idea of cross generational wealth transfer, 331 00:17:39,600 --> 00:17:42,880 Speaker 1: you start to realize that the only way that can 332 00:17:42,920 --> 00:17:45,280 Speaker 1: start to happen is if we really take care of 333 00:17:45,320 --> 00:17:49,680 Speaker 1: the fundamentals. It's almost like athletics, right, you got. You 334 00:17:49,800 --> 00:17:53,040 Speaker 1: gotta learn the fundamentals before you start to win the 335 00:17:53,080 --> 00:17:56,919 Speaker 1: trick shots, and so in in in the same holds 336 00:17:56,960 --> 00:18:00,840 Speaker 1: true for wealth building and financial literacy. So credit is 337 00:18:00,880 --> 00:18:04,600 Speaker 1: one of the foundational elements of learning it and and 338 00:18:04,600 --> 00:18:06,600 Speaker 1: and being able to So so we've got to start 339 00:18:06,600 --> 00:18:08,439 Speaker 1: at the basics before something. You know, someone can come 340 00:18:08,520 --> 00:18:10,600 Speaker 1: up to me, man, I want to own apartment buildings 341 00:18:10,600 --> 00:18:12,760 Speaker 1: across the country, and I'm like, well, let's talk about 342 00:18:12,760 --> 00:18:15,200 Speaker 1: credit first. You know, let's let's go to the basics first, 343 00:18:15,200 --> 00:18:17,480 Speaker 1: and then we'll talk about how you can start acquiring 344 00:18:17,520 --> 00:18:20,680 Speaker 1: apartment buildings across the country, you know. So, so it's 345 00:18:20,920 --> 00:18:22,960 Speaker 1: we always have to go back to the basics in 346 00:18:23,000 --> 00:18:25,440 Speaker 1: the beginning. And that's why this partnership with Experience is 347 00:18:25,440 --> 00:18:29,840 Speaker 1: so important because I'm I'm celebrating a company that's innovating, 348 00:18:30,359 --> 00:18:33,720 Speaker 1: and that's important because unless we have you know, these 349 00:18:33,720 --> 00:18:37,440 Speaker 1: companies innovate to try to create products that people can 350 00:18:37,600 --> 00:18:41,560 Speaker 1: use to empower themselves. Then then I want to encourage 351 00:18:41,560 --> 00:18:44,479 Speaker 1: other companies to follow suits. So so you know, um, 352 00:18:44,680 --> 00:18:46,919 Speaker 1: that's why I'm proud to be the brand ambassador for 353 00:18:47,160 --> 00:18:50,520 Speaker 1: product and I want people to use it and adopt 354 00:18:50,560 --> 00:18:53,639 Speaker 1: it because it will send the message and saying, hey, 355 00:18:53,680 --> 00:18:56,600 Speaker 1: the more we do these types of innovation things, um, 356 00:18:56,640 --> 00:18:59,720 Speaker 1: the more the more people use them and adopt them, 357 00:18:59,760 --> 00:19:02,080 Speaker 1: We're to come out with even more products that can 358 00:19:02,200 --> 00:19:04,320 Speaker 1: that people can use to empower themselves. Well, like I 359 00:19:04,400 --> 00:19:07,760 Speaker 1: told earlier the interview, I said, uh, all my life, 360 00:19:08,160 --> 00:19:11,000 Speaker 1: I've always felt that credit was important to me. I 361 00:19:11,040 --> 00:19:14,000 Speaker 1: know that's a certain responsibility. It comes with trying to 362 00:19:14,080 --> 00:19:18,000 Speaker 1: maintain and build good credit and to see you as 363 00:19:18,000 --> 00:19:22,399 Speaker 1: a brand ambassador under this campaign called boost America, tied 364 00:19:22,440 --> 00:19:25,399 Speaker 1: to one of the top credit firms, Experience. Let's me 365 00:19:25,440 --> 00:19:28,520 Speaker 1: know that this direction is in good hands, really really 366 00:19:28,520 --> 00:19:32,240 Speaker 1: good hands. Well, thank you, thank you, and I appreciate 367 00:19:32,320 --> 00:19:35,800 Speaker 1: you having this show in these conversations because all of 368 00:19:35,840 --> 00:19:39,080 Speaker 1: this is important too many of us. We we stressed 369 00:19:39,080 --> 00:19:43,120 Speaker 1: out about money. We we in credit, and we put 370 00:19:43,160 --> 00:19:44,520 Speaker 1: our head in the sand and be like, you know, 371 00:19:44,760 --> 00:19:46,720 Speaker 1: someone told me today, I don't even want to know 372 00:19:46,800 --> 00:19:51,240 Speaker 1: my score, and I'm saying that's that's m Let's you know, 373 00:19:51,359 --> 00:19:53,800 Speaker 1: let's really dig in and and know your score and 374 00:19:53,840 --> 00:19:56,560 Speaker 1: then start fixing it. We have to do that for 375 00:19:56,600 --> 00:19:58,520 Speaker 1: each other. We have to support each other in it 376 00:19:59,000 --> 00:20:01,920 Speaker 1: and you know, Dr King said were all tied together 377 00:20:01,960 --> 00:20:04,639 Speaker 1: in a single garment of mutual destiny, So I tortually 378 00:20:04,680 --> 00:20:07,000 Speaker 1: believe my destiny is linked with yours. It's just like 379 00:20:07,040 --> 00:20:09,560 Speaker 1: you were saying at the beginning, your show has expanded 380 00:20:09,560 --> 00:20:13,240 Speaker 1: its reach. So to the extent your show expands, we 381 00:20:13,240 --> 00:20:15,480 Speaker 1: we can work together to expand and help each other 382 00:20:15,760 --> 00:20:19,040 Speaker 1: spread a message and and and hopefully empower folks. And 383 00:20:19,040 --> 00:20:20,760 Speaker 1: that's the way it works with none of her, none 384 00:20:20,800 --> 00:20:23,760 Speaker 1: of us are in this alone. And too many times 385 00:20:23,800 --> 00:20:26,520 Speaker 1: we have folks that are making the money not sharing 386 00:20:26,560 --> 00:20:29,160 Speaker 1: the secrets about how they can empower other people because 387 00:20:29,160 --> 00:20:31,600 Speaker 1: they're like I want it all for myself. That's totally 388 00:20:31,600 --> 00:20:33,760 Speaker 1: not the type of person I am. I want as 389 00:20:33,840 --> 00:20:36,720 Speaker 1: much information. I want other people to win as much 390 00:20:36,760 --> 00:20:38,760 Speaker 1: because I know I'm tied to them just as much 391 00:20:38,800 --> 00:20:41,840 Speaker 1: they're tied to me. Awesome, Uh this is here, Harper Hell, 392 00:20:41,880 --> 00:20:43,600 Speaker 1: thank you again for calling the show. Of course, you 393 00:20:43,600 --> 00:20:46,600 Speaker 1: know I gotta promote you there May fifteen date. Uh, 394 00:20:46,680 --> 00:20:48,359 Speaker 1: tell your team to get the banners to me. You 395 00:20:48,400 --> 00:20:51,200 Speaker 1: know how I operate. Um'll send out the I'm actually 396 00:20:51,240 --> 00:20:54,560 Speaker 1: do a special UH fan club blast to my two 397 00:20:54,600 --> 00:20:57,280 Speaker 1: and thirty fan club members on that date for you, 398 00:20:57,560 --> 00:20:59,840 Speaker 1: because I feel it's important that our community on this 399 00:21:00,320 --> 00:21:02,920 Speaker 1: there's value and there's people out there willing to guide 400 00:21:02,960 --> 00:21:05,159 Speaker 1: them to their value. Thanks for calling to show. Here. 401 00:21:07,560 --> 00:21:10,520 Speaker 1: Now is the chance to use reliable energy to grow 402 00:21:10,560 --> 00:21:15,000 Speaker 1: your money with the Dominion Energy Reliability Investment. Our new 403 00:21:15,040 --> 00:21:19,760 Speaker 1: investment product offers competitive returns, no maintenance fees, and flexible 404 00:21:19,840 --> 00:21:23,639 Speaker 1: online access to your money. 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