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Speaker 1: Hey, what's up everybody, and welcome to this special bonus

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Speaker 1: episode of Politics Now. My guest today has been on

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Speaker 1: before and it was one of the most popular podcasts

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Speaker 1: that I've had. He's a financial guru, the founder, chairman

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Speaker 1: and CEO of Atlanta based Operation Hope, and one of

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Speaker 1: the most respected voices in the financial world. So when

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Speaker 1: the Bus family decided to sell a significant steak of

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Speaker 1: the Lakers to the tune of ten billion dollars, I

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Speaker 1: had to get his thoughts on what this sale means

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Speaker 1: for the Bus family, for the NBA, and the continued

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Speaker 1: skyrocketing price of sports franchises, especially since previously on his Politics,

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Speaker 1: my Guest said Michael Jordan did the right thing by

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Speaker 1: selling his majority steak in the Charlotte Hornets, even though

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Speaker 1: it meant that there would no longer be a majority

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Speaker 1: black owner in major professional sports.

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Speaker 2: Anyway. Not only do we talk.

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Speaker 1: About that, we also talk about one of the most

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Speaker 1: popular and un annoying topics across social media, and that

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Speaker 1: is fifty to fifty, as in, should men and women

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Speaker 1: in relationships split everything fifty fifty?

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Speaker 2: Anyway?

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Speaker 1: Coming up next on his Politics, it is my pleasure

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Speaker 1: to welcome again John Hope, Brian John O'Brien, I want

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Speaker 1: to thank you so much for joining me for this

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Speaker 1: bonus episode of Spolitics because there are some financial things

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Speaker 1: happening in sports that I wanted to get your input on.

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Speaker 1: Number one is the fact that the Los Angeles Lakers

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Speaker 1: have just sold for ten billion dollars. Now, you were

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Speaker 1: the first person I thought of when this sale went down,

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Speaker 1: and that is because when you appeared as a guest

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Speaker 1: on Spolitics previously, I remember we had this back and forth,

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Speaker 1: this dialogue about whether or not it was a good

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Speaker 1: idea for Michael Jordan to have sold his majority share

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Speaker 1: in the Charlotte Hornets. And I believe what you told

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Speaker 1: me was like, Hey, businesses are meant to be sold.

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Speaker 2: That's the whole point of it.

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Speaker 1: Kind of Now, given what the Bus family, what they

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Speaker 1: built with the Lakers, I get it, it's ten billion dollars,

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Speaker 1: but we're talking about something that was family owned and

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Speaker 1: deeply a part of their identity as a family. What

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Speaker 1: were your thoughts about the Lakers and the Bus family

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Speaker 1: deciding to sell their portion were not their entire portion,

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Speaker 1: but they're giving up majority share of the Lakers.

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Speaker 3: Good timing. Look, you want to be Netflix, not Blockbuster.

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Speaker 3: You know, a Blockbuster had ego and they were like, hey,

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Speaker 3: I mean, I'm sure you remember you're young, but you

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Speaker 3: remember there was a time where every date was a

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Speaker 3: Blockbuster date, even it was during the week. You kept

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Speaker 3: you'd had tip five or ten bucks to the manager

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Speaker 3: of Blockbusch. Hey, look, this is the movie I'm looking

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Speaker 3: out for me. Put that one to the side for me.

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Speaker 3: Don't act like you don't act like you didn't do it.

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Speaker 4: Oh I totally did. Yeah, definitely, And.

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Speaker 3: Don't talk about Saturday Night. My god, you know that

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Speaker 3: might be twenty or forty bucks. Hey, look, this is

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Speaker 3: the movie. This is the movie I'm looking for. And

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Speaker 3: when Netflix Blockbuster got so arrogant about their market share

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Speaker 3: and market protections and how much they controlled the entertainment

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Speaker 3: market of household entertainment. They when Netflix went to them

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Speaker 3: to be sold for fifty million dollars, to sell themselves

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Speaker 3: to Blockbusters for fifty million dollars, Blockbuster turned their nose

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Speaker 3: up at them and said, we're blockbustered. We don't need anything.

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Speaker 3: And you go far enough for the north pole, you

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Speaker 3: end up south. And of course Blockbuster then found bankruptcy

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Speaker 3: I think there's one Blockbuster location still surviving. It's in

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Speaker 3: Alaska right now. It's a novelty. But you know, Netflix

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Speaker 3: makes that in the day. The purchase price that they

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Speaker 3: were going to sell themselves to Blockbuster for Netflix makes

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Speaker 3: that in the day or less. And you remember when

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Speaker 3: Kodak there were Kodak Boosts in every park a lot

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Speaker 3: in America. Right, We all remember J C. Pennies. We

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Speaker 3: just laid off a bunch of folks and closed some stores.

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Speaker 3: We remember, we remember, you know, kmart as Sears. So look,

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Speaker 3: you go, there's a time to sell. Don't over You know,

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Speaker 3: you don't want to. You don't want to live beyond

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Speaker 3: your your your due date right your buy through date.

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Speaker 3: And I don't know what the future holds. I just

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Speaker 3: know ten bion dollars is a really nice number. I

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Speaker 3: don't know many things that you pass up. Look, it's like, hey,

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Speaker 3: I love you my cousin now, but how much they

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Speaker 3: want to give me for you? I don't mean that's

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Speaker 3: I don't mean that like literally, but uh, this is

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Speaker 3: this is where emotions just gets gets disconnected, you know,

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Speaker 3: I mean marriage is Marriage is a beautiful thing and

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Speaker 3: it's spiritual and god endowbted with spiritual virtues, but it

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Speaker 3: was originally a business contract before three thousand years before

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Speaker 3: god endowbted with spiritual components, which we get all wrapped

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Speaker 3: up in and now it's just become oh she's cute

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Speaker 3: or he's handsome, which is worse, but at least spiritual

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Speaker 3: was a higher value than money itself. But it was

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Speaker 3: a business contract. It's two families often related by the way,

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Speaker 3: marrying to protect their economic interests.

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Speaker 4: We get this thing twisted.

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Speaker 3: You build a business, create value, and you need a

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Speaker 3: liquidity event at some point, whether you're going public or

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Speaker 3: you're selling it or your I guess if you really

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Speaker 3: believe there's value going into debt, but you need some

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Speaker 3: way to bonds or something. You need some way to

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Speaker 3: unlock the value. And that's the tradition. This is a

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Speaker 3: this is any business. Now you talk about a space

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Speaker 3: that has been undervalued for a long time. Like you

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Speaker 3: go back to not this iteration of pro professional players,

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Speaker 3: but their mothers and sorry, their fathers was some cases mothers,

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Speaker 3: but mostly in the show that this where we live

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Speaker 3: in mostly the pro players were men. You know, my

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Speaker 3: brother Reggie Jackson wasn't taking down some huge salary. Hank Aaron,

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Speaker 3: who lived around the corner from me, God rest his

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Speaker 3: soul was not taken down a large salary at all.

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Speaker 3: He made his money in automobile, automobiles in business, Hank Aaron.

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Speaker 3: I mean, by the way, so did Reggie Jackson. These

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Speaker 3: contracts for athletes are fairly new phenomena that are you know,

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Speaker 3: it was ten million, that was that was big not

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Speaker 3: so long ago. Twenty million, one hundred million dollars was

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Speaker 3: you know, ten years ago?

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Speaker 4: Oh my god? Right?

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Speaker 3: And I just think that with the changing media landscape

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Speaker 3: right now, because a lot of the sports franchises are

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Speaker 3: monetizing themselves, not based on people coming and buying a

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Speaker 3: ticket and sitting in a seat. It's the media. It's

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Speaker 3: a lot of this is tied to the value of

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Speaker 3: the media contracts, the broadcasting rights. And I think if

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Speaker 3: you go far an the North Pole, you end up south.

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Speaker 3: I think that, uh, you know, you ask my nephew

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Speaker 3: what TV is and he'll tell you it's YouTube. That's

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Speaker 3: That's not me talking. I have an interest in people

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Speaker 3: watching TV. I'm I'm a contributor on you know, a

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Speaker 3: major brand. I don't want to say which name it is.

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Speaker 3: I'm like, I'm not trying to cast expersions here, but

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Speaker 3: you know it's it's mainstream TV. I don't get paid

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Speaker 3: for it. But I mean, I'm happy when they're successful.

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Speaker 3: But I'm looking at cable. People are cutting the cord

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Speaker 3: on cable. I'm looking at ESPN, I'm looking at I'm

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Speaker 3: looking at all these traditional television stations, linear stations, Cable

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Speaker 3: having to reimagine their business model. I'm looking at newspapers.

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Speaker 3: Who knows what the future holds. I don't. Then you

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Speaker 3: bring in aim my god, right, and will these contracts

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Speaker 3: persist for another twenty years or ten or five?

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Speaker 4: I don't know.

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Speaker 3: I know there's ten billion dollars staying the Bus family

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Speaker 3: in the face right now, and it looks real attractive,

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Speaker 3: And I just think that, you know, you don't get greedy,

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Speaker 3: you don't get overly ambitious. You say really non emotional

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Speaker 3: about this and say that's a really great deal. I

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Speaker 3: need to move on to something else and consider that

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Speaker 3: a win. That's my answer. I think this is business

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Speaker 3: at the end of the day, and this is a

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Speaker 3: great I mean a great We're not talking about we're

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Speaker 3: not talking about the entire franchise. We're talking about the

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Speaker 3: entire lead talking about one team in one city. Ten

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Speaker 3: billion dollars. My lord, it's the GDP of a small country.

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Speaker 3: Take the money and cast the check, get the wire

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Speaker 3: transfer as soon as possible.

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Speaker 1: But what you said about the changing media landscape really

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Speaker 1: is lends itself to a larger conversation about the business

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Speaker 1: of sports, because right before, you know, I don't think

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Speaker 1: we ever imagine the world where the Boston Celtics and

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Speaker 1: the Lakers will be sold in the same in a

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Speaker 1: span of a few months. The you know, Boston, they

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Speaker 1: had the record being sold for six point one billion.

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Speaker 2: Then you see what happened with the Lakers. They're ten billion.

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Speaker 1: Increasingly, leagues, specifically the NBA and the NFL, they're loosening

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Speaker 1: the guardrails about hedge funds being involved in professional sports.

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Speaker 1: I read an interesting piece recently that was written by

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Speaker 1: a former ESPN colleague of mine who talked about the

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Speaker 1: costs of what it costs now for the average fan

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Speaker 1: to be able to watch their games because everything's being

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Speaker 1: split across multiple networks.

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Speaker 2: You got your streamers, you have linear like.

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Speaker 1: You have to subscribe to like five or six different

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Speaker 1: things to watch one team. People have been operating on

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Speaker 1: the assumption that sports will there's not a sports bubble

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Speaker 1: like the bubble camp bust. They can only go higher,

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Speaker 1: they can never go lower. But seeing these escalating trends

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Speaker 1: and the changing landscape, what are your thoughts about whether

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Speaker 1: or not? And as you just said yourself, you don't

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Speaker 1: know where these contracts are going. I mean, we're on

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Speaker 1: the cusp of getting a half a billion dollar NBA player,

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Speaker 1: like they're going to be able soon to be able

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Speaker 1: to make just a billion dollars the high level players

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Speaker 1: in just NBA salaries.

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Speaker 2: With this escalating cause, how sustainable is this?

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Speaker 3: Not?

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Speaker 2: Well, thank you, John, there you go.

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Speaker 3: I mean, look, it's it is our professional sport. My brother,

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Speaker 3: my dear friend, Tony Resher did a brilliant deal, not

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Speaker 3: a smart deal, a brilliant deal for the Atlanta Hawks

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Speaker 3: in my opinion, and it has done wonders for Atlanta,

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Speaker 3: the entire Southeast region, and it has spawned development across

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Speaker 3: the street with Centennial your ours, creating a downtown, a

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Speaker 3: proper downtown in Atlanta, the biggest investment in Atlanta since Atlanta,

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Speaker 3: and that's multiple times the size of the of its

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Speaker 3: purchase of the Hawks, and and it's got the city rallying,

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Speaker 3: and there's a lot of knock on effects. So you

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Speaker 3: look at that that that's almost market building, city building stuff,

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Speaker 3: that's not just a team. And the value of the

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Speaker 3: team has gone up, but the knock on value has

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Speaker 3: also gone up. And that, to me, that's more sustainable

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Speaker 3: because it's entertaining. Now you're about entertainment, you're talking about people.

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Speaker 3: You're talking about the connective tissue of culture of frankly,

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Speaker 3: people are people are lonely these days. They want to

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Speaker 3: hang out, they want to they want to spend time

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Speaker 3: with each other. No, there was, as you know, not

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Speaker 3: during the pandemic. People are like, oh, I don't need

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Speaker 3: to hang out with anymore. I'm just going to stay

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Speaker 3: at home and do zooms. We realize the whole purpose

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Speaker 3: of a dating app and so you actually meet somebody

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Speaker 3: in person, Like so we realize we actually that's the

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Speaker 3: whole point of a dating app, right uh. And so

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Speaker 3: I think that to the extent that sports connects with

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Speaker 3: community culture, that it creates stickiness and manages down depression

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Speaker 3: and manages down loneliness to a point that in a

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Speaker 3: way that people say that changed my life like that.

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Speaker 3: I look forward to that on the weekend. I look

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Speaker 3: forward to that on Tuesday. I don't mind drudgery of

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Speaker 3: work or whatever, that this this friendships, this just rooting

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Speaker 3: for my team or whatever and all. And then I

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Speaker 3: go to a concert and then I go I go

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Speaker 3: to a restaurant or whatever before after the game.

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Speaker 4: I think that takes in that it becomes more of.

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Speaker 3: Las Vegas and every city Dubai in La right, a

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Speaker 3: local cultural system situation that creates excitement and joy in

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Speaker 3: our lives. Then I think it extends its value point.

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Speaker 3: I do believe. I do believe the media landscape is

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Speaker 3: going to reinvent itself. I think it's going to go

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Speaker 3: I don't think it's going to explode. So I think

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Speaker 3: sports is one of those unique things where you can't

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Speaker 3: extend the bubble.

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Speaker 4: I do that, I think. I think.

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Speaker 3: I think Ambassador Young is right though, that men and

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Speaker 3: women fail for three reasons. You know, arrogance, crop pride,

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Speaker 3: and greed. So if people start becoming greedy, overly arrogant

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Speaker 3: and full of pride and refused, it just says, oh,

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Speaker 3: this is going to go on forever. That's where I

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Speaker 3: think that they're going to run into a wall. I

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Speaker 3: think nobody wants to be punk, wants to be used.

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Speaker 3: I think if the fans start to believe it's a

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Speaker 3: one way street about getting paid and not giving pleasure,

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Speaker 3: then I think that they will turn off. They will

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Speaker 3: find a way to turn off from that as well.

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Speaker 3: I think it's an elegant it has to be handled

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Speaker 3: with with suave white fears, Like it's like a relationship

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Speaker 3: with like being married. You know, you got to decide

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Speaker 3: if you want to be married long term. You got

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Speaker 3: to understand there's the difference between between being right and

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Speaker 3: being married.

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Speaker 4: Like those two things are very different. You can be right,

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Speaker 4: you won't be married.

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Speaker 3: So I think that there's a nuance here that there's

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Speaker 3: a there's a there's something where the streets and the

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Speaker 3: suites have to get value, and there's been a lot

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Speaker 3: of value now given to the suites. I think we

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Speaker 3: have to make start start start focusing on value back

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Speaker 3: to the streets. And that's that's why I'll give an

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Speaker 3: example of here in Atlanta with the Hawks, where the

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Speaker 3: Hawks purchase If that was just about a few people

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Speaker 3: making money and getting paid and extracting I think the

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Speaker 3: story would have had would have a cap to I think,

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Speaker 3: like right now, but I think the timing was brilliant

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Speaker 3: to inspire a six billion dollar real estate development, which

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Speaker 3: is fifty acres. We's got to create jobs and affordable

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Speaker 3: housing and and and places to hang out and entertainment,

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Speaker 3: live nation just excited deal. And that got nothing to

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Speaker 3: do with basketball, and you got you got soccer. Now

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Speaker 3: now you have soccer football, uh, concerts, basketball all and

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Speaker 3: and and and relationship capital culture all creating GDP by

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Speaker 3: the way, and and uh something for everybody, hotels, all

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Speaker 3: that stuff. I just think that that's the way you

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Speaker 3: you build it. It has to you gotta go. You

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Speaker 3: gotta go horizontal, not just linear, I mean not just vertical.

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Speaker 3: And and I put another way, my rich friends, my

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Speaker 3: poor friends do better if only to stay rich. So

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Speaker 3: we're at this point now where where I think they've

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Speaker 3: got to reimagine the model.

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Speaker 4: It's just not as simple as buns on seats, butts

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Speaker 4: on seats.

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Speaker 3: Times, eyeballs on games equals media contract from legacy media

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Speaker 3: minus value minus uh you know what I'm paying the players,

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Speaker 3: and it equals you'll pay whatever I say to go

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Speaker 3: see it. I don't think that that simple math holds anymore.

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Speaker 3: I think you got to be the whole thing gets reimagined.

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Speaker 3: In my opinion, I don't know the answer to that,

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Speaker 3: but I know it's this new software grade. I know you,

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Speaker 3: I know you can't keep doing the same thing ten

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Speaker 3: billion dollars as long as just keep going back to

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Speaker 3: that number, right, ten billion for one team.

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Speaker 1: But here, you know, I think that was a very

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Speaker 1: very point phrase that you said. It's got to make

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Speaker 1: sense for the streets and the suites, and I think

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Speaker 1: right now in the streets there is an increasing feeling

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Speaker 1: among sports fans that they being pimped because if I

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Speaker 1: pay five bucks, you know, five to seven dollars for

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Speaker 1: a subscription to Peacock just so I can watch a

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Speaker 1: couple of playoff games, Okay, then I got to pay

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Speaker 1: an additional to watch this game on this network. And

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Speaker 1: then of course, you know you you have the sports bars, right.

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Speaker 1: I don't know what they do because on a given night,

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Speaker 1: they can't find the game because they might not have

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Speaker 1: the right subscription. And if that is, if the only

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Speaker 1: way that they can maintain this profit is by okay,

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Speaker 1: let me sell ten games to Amazon twenty games to Netflix.

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Speaker 1: Let me have Netflix take over Christmas, let me do

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Speaker 1: this if they keep doing that, and listen, I subscribe

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Speaker 1: to all the things. So it's like not a big deal,

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Speaker 1: but I can certainly see a world where to your point,

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Speaker 1: and I don't know how they make fans feel a

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Speaker 1: little more appreciated and a little more like their money's

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Speaker 1: going further when the cost of just doing business in

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Speaker 1: sports isn't going to go down.

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Speaker 2: It's not going to ever go the opposite direction. It's

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Speaker 2: only going this direction.

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Speaker 1: It's like, I don't know how they can make fans

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Speaker 1: not feel that way in this current financial landscape.

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Speaker 4: So let me give you an example.

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Speaker 3: Well, first I'm gonna give you a bad example that the

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Speaker 3: I'm gonna give you a good one, an example that

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Speaker 3: reaffirms what you just said about this is crazy people

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Speaker 3: feeling pimped. So at operation, I hope we do coaching incounts.

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Speaker 4: I am still.

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Speaker 3: About the number of operational clients who are financing a

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Speaker 3: trip to Jamaica with one of these companies that are

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Speaker 3: you know they pay they is paymentized, Like people ask

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Speaker 3: what's the payment. They're financing car rentals, they're financing trips

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Speaker 3: to the Islands. They're financing sports tickets. This is crazy

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Speaker 3: to me. And so you're now a monthly payment. You

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Speaker 3: went to a one time situation and now you're paying

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Speaker 3: for a year to eighteen months or more a monthly

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Speaker 3: payment to pay that one time situation. And now you've

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Speaker 3: been paymentized with all these other monthly payments. And when

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Speaker 3: your outflow seed your inflow, you're overhead will be your downfall.

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Speaker 3: And folks first have got too much month at the

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Speaker 3: end of their money is a real serious problem. And

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Speaker 3: now they're again they're financing sports ticket not just I

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Speaker 3: mean these are mostly like Super Bowl and think big,

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Speaker 3: but I'm ea talking about five thousand dollars. I mean,

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Speaker 3: you know about big numbers now. Because they can't afford

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Speaker 3: to just write the check, they have to finance it

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Speaker 3: so that I don't I think that that's going to

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Speaker 3: hit a wall. Let me tell you the good news.

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Speaker 3: I don't want to name the companies. I'm not exactly

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Speaker 3: sure of the exact name you probably know, but there's

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Speaker 3: a company in l a.

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Speaker 4: That has a.

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Speaker 3: Small version of what they're doing in Las Vegas with

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Speaker 3: what's that dome?

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Speaker 1: Oh yeah, the dome where you get to watch the

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Speaker 1: games and yeah, yeah, yeah.

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Speaker 4: So uh that's bringing.

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Speaker 3: Virtually that's AI technology, virtual reality and the life blood

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Speaker 3: of the game and the energy of having other people

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Speaker 3: around you in community into a less expensive, not cheap

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Speaker 3: by Like.

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Speaker 2: I've seen the prices there, you know, but if you.

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Speaker 3: Can text that, you can do ten of I'm making

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Speaker 3: this up now, But if you can do ten of

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Speaker 3: those in each market for where there's a team and

356
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Speaker 3: deliver those in community where people can go and hang

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Speaker 3: out for twenty percent of the cost baby of going

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Speaker 3: to the actual game, that might be a way to extend,

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00:20:20,080 --> 00:20:24,440
Speaker 3: broaden and deep and change the economic the economics. That

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Speaker 3: plus a few other things. I do believe that people

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Speaker 3: are willing to continue to pay for. My wife loves

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Speaker 3: the NFL and I'm a motorsports guy. She loves the NFL.

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Speaker 3: I'm paying, but I'm paying a mortgage payment trying to

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Speaker 3: get her so she can watch the NFL. I've got

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Speaker 3: like five subscriptions.

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Speaker 4: I'm like, are we done yet? Are we there yet?

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Speaker 3: No? No, because this team you can't watch his team

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Speaker 3: on that platform, Like is real pimping? Like like I

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Speaker 3: got to send Roger Goodella. No, my man is like

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Speaker 3: he has mastered this. I love Roger Acson, but I mean,

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Speaker 3: the NFL is.

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Speaker 4: The biggest, isn't it? The biggest? Is the worst friend

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Speaker 4: in the world, not the world?

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Speaker 1: Is the biggest port in America? Basketball or I'm sorry,

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Speaker 1: I'm soccer. Soccer is the biggest port in the world.

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Speaker 3: Yes, in the world. Yeah, it's unbelievable. What what they

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Speaker 3: what they've built, And I say kudos to them. And

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Speaker 3: I think if you could, if you're doing that, and

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Speaker 3: I think you also. You know, Jed York is a

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Speaker 3: friend of mine. He owns a family owns the forty

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00:21:26,160 --> 00:21:29,840
Speaker 3: nine ers, and we do hope inside with them for

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00:21:30,000 --> 00:21:33,560
Speaker 3: the community right around the stadium. That eases tensions, that

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00:21:33,720 --> 00:21:37,560
Speaker 3: re increases community pride. We're helping the workers who are

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Speaker 3: seasonal workers in the stadiums and and that gives them

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00:21:41,880 --> 00:21:44,840
Speaker 3: more more sense of that that this is the team's

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Speaker 3: reinvesting in community. We're now about that. We decided deal.

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Speaker 3: I probably shouldn't be saying this, but the ryans Or

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00:21:49,960 --> 00:21:54,280
Speaker 3: family in Chicago who own a couple of teams there,

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Speaker 3: we're doing the same thing. We will be doing the

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00:21:56,480 --> 00:21:59,240
Speaker 3: same thing there, hoping side of community, hoping side the

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Speaker 3: workplace coaching and counseling, helping people to come up to

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Speaker 3: increase the credit score, lower their debt, increase their savings,

393
00:22:06,240 --> 00:22:09,360
Speaker 3: increase their joy, and then give them some you know.

394
00:22:09,480 --> 00:22:13,479
Speaker 3: This shows that the teams really does they do they

395
00:22:13,520 --> 00:22:17,320
Speaker 3: do care about their community. And there's a few other

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00:22:17,760 --> 00:22:19,760
Speaker 3: owners that we're working with in the same way. I

397
00:22:19,800 --> 00:22:22,480
Speaker 3: hadn't put these things together until this conversation. I had

398
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Speaker 3: not like weed all this together, but it does seem

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00:22:24,960 --> 00:22:28,320
Speaker 3: to me that the smart team owners are realizing that

400
00:22:28,400 --> 00:22:30,960
Speaker 3: you can't just take So before.

401
00:22:30,720 --> 00:22:33,840
Speaker 1: I get you out of here, there's two very important

402
00:22:34,200 --> 00:22:37,080
Speaker 1: internet conversations not related to sports. I want to ask

403
00:22:37,119 --> 00:22:39,840
Speaker 1: you about because anybody who follows you on Instagram knows

404
00:22:39,840 --> 00:22:43,720
Speaker 1: that sometimes you see things that are going viral related

405
00:22:43,760 --> 00:22:49,000
Speaker 1: to you know, finance, like the music executive that chose

406
00:22:49,040 --> 00:22:51,480
Speaker 1: to take a ninety nine dollars Southwest flight as opposed

407
00:22:51,520 --> 00:22:53,840
Speaker 1: to renting of private jet to Las Vegas. So you

408
00:22:53,960 --> 00:22:56,280
Speaker 1: chime me in on these social issues. I don't think

409
00:22:56,320 --> 00:22:58,920
Speaker 1: I've seen you talk about this, but you probably did,

410
00:22:58,920 --> 00:23:02,240
Speaker 1: and maybe I just missed it. I hate this conversation

411
00:23:02,560 --> 00:23:05,679
Speaker 1: on everything, but yet I want to bring this up

412
00:23:05,720 --> 00:23:07,480
Speaker 1: with you because I know you actually have some sense.

413
00:23:09,000 --> 00:23:09,880
Speaker 4: Give me your.

414
00:23:09,840 --> 00:23:14,960
Speaker 1: Perspective on the never ending fifty to fifty conversation.

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00:23:17,160 --> 00:23:20,080
Speaker 3: Oh no, no, no, no, okay, Which which conversation that

416
00:23:20,119 --> 00:23:20,840
Speaker 3: we're talking about? Now?

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00:23:21,240 --> 00:23:25,280
Speaker 1: Okay, so we're talking about in relationships, there's been Oh

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00:23:25,760 --> 00:23:28,679
Speaker 1: so the fifty to fifty like men and women in

419
00:23:28,720 --> 00:23:31,760
Speaker 1: today's modern relationship should or shouldn't.

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Speaker 2: Be going fifty to fifty.

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00:23:33,280 --> 00:23:36,320
Speaker 1: I'll I'll just quickly say, there's so much about this

422
00:23:36,359 --> 00:23:39,119
Speaker 1: conversation I don't understand, and I realize everybody gros their

423
00:23:39,160 --> 00:23:40,200
Speaker 1: financial house the way.

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00:23:40,240 --> 00:23:44,600
Speaker 3: The answers no, okay, I meant the answers the answers no. Look,

425
00:23:45,359 --> 00:23:49,840
Speaker 3: the probably the most underrated position in the biggest economy

426
00:23:49,840 --> 00:23:54,120
Speaker 3: in the world is that of a domestic engineer. That's

427
00:23:54,240 --> 00:23:56,960
Speaker 3: the person who's not working, who's who's running, who's raising

428
00:23:57,000 --> 00:24:00,560
Speaker 3: the children. Typically traditionally it's a wife, it can be

429
00:24:00,600 --> 00:24:03,400
Speaker 3: the man. But if you're a domestic engineer, I mean,

430
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Speaker 3: my god, I don't know how people do it.

431
00:24:05,400 --> 00:24:06,680
Speaker 4: How do you raise these kids?

432
00:24:07,359 --> 00:24:09,439
Speaker 3: You get it's thankless, the kids cursing you out and

433
00:24:09,440 --> 00:24:13,040
Speaker 3: throwing stuff at you. You know, you're you're you're you're

434
00:24:13,040 --> 00:24:15,600
Speaker 3: going you're going to crazy depressed. You don't see an

435
00:24:15,640 --> 00:24:18,200
Speaker 3: adult around you for you know, days on end, you

436
00:24:18,880 --> 00:24:22,000
Speaker 3: feel you're locked out of the real world and you

437
00:24:22,119 --> 00:24:23,840
Speaker 3: get no credit. And then and then when you make

438
00:24:23,880 --> 00:24:27,199
Speaker 3: it's home, they want Wedn's dinner. You know, entertain me,

439
00:24:27,359 --> 00:24:29,560
Speaker 3: talk to me, you know, dance for me.

440
00:24:29,600 --> 00:24:29,919
Speaker 4: Whatever.

441
00:24:30,200 --> 00:24:32,960
Speaker 3: So look, whatever you need to be paying that person

442
00:24:33,000 --> 00:24:36,280
Speaker 3: a bonus. So that's uh. Whoever was getting earning the

443
00:24:36,320 --> 00:24:40,800
Speaker 3: money got it. You got it easy. In my in

444
00:24:40,880 --> 00:24:43,880
Speaker 3: our family, I build the house, my mother, my wife

445
00:24:43,920 --> 00:24:47,960
Speaker 3: turns it into a home. I'm nothing but the house.

446
00:24:48,240 --> 00:24:53,399
Speaker 3: This is a beautiful house, but it's it's soulless without her.

447
00:24:54,119 --> 00:25:00,919
Speaker 3: That's valuable. I'm the head, she's a heart. I'm the

448
00:25:01,119 --> 00:25:03,560
Speaker 3: chief business officer. She's the chief love officer, she's the

449
00:25:03,640 --> 00:25:07,359
Speaker 3: chief cultural officer, she's the chief wellness officer. I mean,

450
00:25:07,880 --> 00:25:10,040
Speaker 3: there's so many things that she's done to save my

451
00:25:10,119 --> 00:25:13,320
Speaker 3: life that you can't put into a financial statement. Like

452
00:25:13,359 --> 00:25:16,399
Speaker 3: you know, she's lowered my blood pressure. You know, I

453
00:25:16,440 --> 00:25:18,320
Speaker 3: found vegan cookies. I didn't know there was such thing

454
00:25:18,320 --> 00:25:21,320
Speaker 3: as vegan cookies, you know. I mean the stuff that

455
00:25:21,359 --> 00:25:24,480
Speaker 3: I use in my life that I never would have

456
00:25:24,520 --> 00:25:27,200
Speaker 3: experienced it, has she not introduced me to it. Those

457
00:25:27,240 --> 00:25:31,040
Speaker 3: things alone are game changers. And it's proven that if

458
00:25:31,080 --> 00:25:33,400
Speaker 3: you are married, you're going to make more money, You're

459
00:25:33,440 --> 00:25:35,840
Speaker 3: going to build more wealth just by virtue of you

460
00:25:35,920 --> 00:25:40,080
Speaker 3: being married. So if you are, if you got too

461
00:25:40,160 --> 00:25:43,240
Speaker 3: much month of the end of your money, then yes,

462
00:25:43,280 --> 00:25:46,440
Speaker 3: it needs to be a very practical conversation between two

463
00:25:46,480 --> 00:25:49,959
Speaker 3: people who are making let's say together one hundred thousand dollars,

464
00:25:50,640 --> 00:25:53,879
Speaker 3: and if you're spending, if you're a household budget, if

465
00:25:53,920 --> 00:25:58,320
Speaker 3: you're spending eighty thousand dollars in rent, mortgage, car note,

466
00:25:58,400 --> 00:26:00,560
Speaker 3: whatever it is, groceries, all that stuff, that's what your

467
00:26:00,560 --> 00:26:02,800
Speaker 3: budget is. You're gonna have to both boat go in

468
00:26:03,240 --> 00:26:07,480
Speaker 3: together to split these bills. If you're lucky enough to

469
00:26:07,480 --> 00:26:10,920
Speaker 3: live on one of those paychecks. The other paycheck should

470
00:26:10,920 --> 00:26:14,679
Speaker 3: be used to invest money. So one person works, you

471
00:26:14,720 --> 00:26:16,520
Speaker 3: make money during the day you bill was in your sleep.

472
00:26:16,800 --> 00:26:20,600
Speaker 3: So one check is about it's about paying household bills,

473
00:26:20,920 --> 00:26:24,159
Speaker 3: I think all of them. The other paycheck should be

474
00:26:24,280 --> 00:26:29,719
Speaker 3: used to buy stocks, bonds, invest in new ventures. But

475
00:26:29,800 --> 00:26:32,000
Speaker 3: you know, you guys got to talk about that together.

476
00:26:32,680 --> 00:26:36,560
Speaker 3: But this whole concept that I owe you a paycheck.

477
00:26:37,520 --> 00:26:38,000
Speaker 4: This is hope.

478
00:26:38,000 --> 00:26:40,800
Speaker 3: We're going in another direction where people they are mate.

479
00:26:40,800 --> 00:26:42,919
Speaker 3: There are people who feel like this is some kind

480
00:26:42,960 --> 00:26:47,480
Speaker 3: of job occupation and because they're cute and the looks

481
00:26:47,480 --> 00:26:52,120
Speaker 3: are going to fail, all the butt's falling, the rest

482
00:26:52,200 --> 00:26:54,960
Speaker 3: of falling looks going away. I want to know what

483
00:26:55,000 --> 00:26:57,080
Speaker 3: your credits career is, by the way, because when all

484
00:26:57,080 --> 00:26:59,520
Speaker 3: the resident has gone, you're my business partner for life.

485
00:27:00,000 --> 00:27:00,800
Speaker 4: What is your credits?

486
00:27:00,800 --> 00:27:04,520
Speaker 3: Go? Cute? Yeah, that's overrated. So I think that this

487
00:27:04,560 --> 00:27:07,040
Speaker 3: goes two ways. One, you don't get a free ride

488
00:27:07,160 --> 00:27:11,160
Speaker 3: just because you're cute, just because you're fine, because you're handsome. That, yeah,

489
00:27:11,240 --> 00:27:13,800
Speaker 3: that is highly overrated. I don't need to marry you

490
00:27:14,200 --> 00:27:16,360
Speaker 3: to be indebted by you. What do you bring into

491
00:27:16,400 --> 00:27:19,000
Speaker 3: the table. If two plus two does not equal six,

492
00:27:19,119 --> 00:27:21,400
Speaker 3: eight or ten in a relationship, what are you doing?

493
00:27:21,720 --> 00:27:24,560
Speaker 3: This is multiplication, not math. If you're not better together,

494
00:27:25,119 --> 00:27:27,320
Speaker 3: what are you doing? I can do bad all by myself.

495
00:27:27,400 --> 00:27:29,840
Speaker 3: I don't need help. To quote Quincy Jones, the only

496
00:27:29,840 --> 00:27:31,720
Speaker 3: thing worse than being alone is wishing that you were

497
00:27:33,040 --> 00:27:35,360
Speaker 3: so I over answered your question now, but.

498
00:27:35,400 --> 00:27:36,359
Speaker 2: You gave a great answer.

499
00:27:36,440 --> 00:27:39,560
Speaker 1: I mean my answer would be one hundred it's one

500
00:27:39,600 --> 00:27:42,920
Speaker 1: hundred one hundred really, because it's like we're putting it.

501
00:27:42,920 --> 00:27:45,119
Speaker 1: It's it's not fifty fifty, it's one hundred, one hundred.

502
00:27:45,280 --> 00:27:46,639
Speaker 1: I put in my one hundred, You put in your

503
00:27:46,680 --> 00:27:49,399
Speaker 1: one hundred. And it's like to your point, it's like

504
00:27:49,400 --> 00:27:52,800
Speaker 1: we're using for different things as we organize our financial life,

505
00:27:53,040 --> 00:27:58,119
Speaker 1: we use it, Okay. You know when when both me

506
00:27:58,160 --> 00:28:00,000
Speaker 1: and my both me and my husband we had really

507
00:28:00,080 --> 00:28:02,560
Speaker 1: state both coming in we both owned our own homes, right,

508
00:28:02,640 --> 00:28:06,159
Speaker 1: and so we both sold them and we bought a

509
00:28:06,160 --> 00:28:06,960
Speaker 1: house together.

510
00:28:08,840 --> 00:28:10,879
Speaker 2: On top of some other money that we had saved.

511
00:28:10,920 --> 00:28:13,760
Speaker 1: It's like, and we took the sale proceeds a lot

512
00:28:13,760 --> 00:28:16,159
Speaker 1: of them from what we sold our house, and we

513
00:28:16,200 --> 00:28:19,120
Speaker 1: invested in that as that was kind.

514
00:28:18,880 --> 00:28:22,399
Speaker 2: Of the point of being right. So it's a hundred.

515
00:28:23,480 --> 00:28:27,760
Speaker 3: And being married you got tax benefits correct that you

516
00:28:27,760 --> 00:28:30,880
Speaker 3: would not have gotten had you married if you filed

517
00:28:31,080 --> 00:28:35,520
Speaker 3: married separately. Marriage jointly has much more benefits. If you

518
00:28:35,600 --> 00:28:39,160
Speaker 3: sell the property and you filed marriage jointly, you get

519
00:28:39,200 --> 00:28:41,240
Speaker 3: as much as a half of half a million dollars

520
00:28:41,280 --> 00:28:45,880
Speaker 3: in tax free capital gains proceeds. There's a benefit of

521
00:28:45,880 --> 00:28:50,520
Speaker 3: being married right there. There's many, many more benefits to

522
00:28:50,840 --> 00:28:53,960
Speaker 3: being married. But there are some financial benefits. And I

523
00:28:54,000 --> 00:28:55,720
Speaker 3: agree with you. You said it in a different way.

524
00:28:55,760 --> 00:28:58,680
Speaker 3: It is one hundred one hundred. It's one hundred and

525
00:28:58,760 --> 00:29:01,560
Speaker 3: hundred if you broke, is one hundred and a hundred

526
00:29:01,560 --> 00:29:03,960
Speaker 3: if you middle class, and it's just a different kind

527
00:29:03,960 --> 00:29:06,840
Speaker 3: of hundred and one hundred if you're if you're wealthy.

528
00:29:08,240 --> 00:29:11,600
Speaker 3: You know, I don't need I don't need my wife

529
00:29:11,640 --> 00:29:12,920
Speaker 3: to pay the light bill.

530
00:29:13,800 --> 00:29:14,240
Speaker 4: I don't.

531
00:29:14,800 --> 00:29:18,120
Speaker 3: But if she wants to go and do a business

532
00:29:18,240 --> 00:29:21,880
Speaker 3: venture or whatever. Uh, well, she she invested in bitcoin.

533
00:29:21,920 --> 00:29:24,520
Speaker 3: I'm not down with that. She used her own money.

534
00:29:24,640 --> 00:29:26,080
Speaker 3: Knock yourself out by the way she hit.

535
00:29:26,200 --> 00:29:28,200
Speaker 4: She it worked for her. But if it but if

536
00:29:28,240 --> 00:29:31,440
Speaker 4: it goes sideway, she has me right.

537
00:29:31,640 --> 00:29:33,760
Speaker 3: So she owns. She owns property. Has nothing to do

538
00:29:33,800 --> 00:29:36,000
Speaker 3: with me. She owns the property. She's a little capitalist.

539
00:29:36,000 --> 00:29:39,040
Speaker 3: She owns the property. Uh near the near the Obama

540
00:29:39,360 --> 00:29:42,480
Speaker 3: uh uh New President Library. She owned. I tried to

541
00:29:42,480 --> 00:29:44,440
Speaker 3: buy from her. She said, that's my little nugget. You're

542
00:29:44,440 --> 00:29:47,000
Speaker 3: not you know you? Oh yeah, no, no, no, no, that's

543
00:29:47,040 --> 00:29:49,920
Speaker 3: my nugget. I tried to buy it from her. Uh.

544
00:29:50,040 --> 00:29:53,360
Speaker 3: She she she has a problem in price property in Harlem. Now,

545
00:29:53,560 --> 00:29:56,360
Speaker 3: if she ever needs me, I'm there for But I

546
00:29:56,360 --> 00:29:58,640
Speaker 3: think she needed her own She also needs her own achievement.

547
00:29:59,520 --> 00:30:02,920
Speaker 3: She owns he needs her own sense of accomplishment. Right now,

548
00:30:02,920 --> 00:30:05,600
Speaker 3: when you need me and we can we do stuff together, great,

549
00:30:06,200 --> 00:30:10,840
Speaker 3: But I don't need to own your legacy your life.

550
00:30:10,960 --> 00:30:12,520
Speaker 3: You know that's not what this is about. It is

551
00:30:12,520 --> 00:30:15,760
Speaker 3: one hundred, one hundred and two plus two should equal six,

552
00:30:15,840 --> 00:30:18,560
Speaker 3: eight or ten. That's what you just describe with with

553
00:30:18,760 --> 00:30:21,720
Speaker 3: what your days are doing. You're better together, You're able

554
00:30:21,720 --> 00:30:24,360
Speaker 3: to do things together. You couldn't do a part. But

555
00:30:24,400 --> 00:30:27,080
Speaker 3: you're going to be different. You're different. You're a female

556
00:30:27,120 --> 00:30:29,360
Speaker 3: and she and he's a man. You're just different, and

557
00:30:29,640 --> 00:30:33,280
Speaker 3: we must respect the difference. I'll give you one example.

558
00:30:33,360 --> 00:30:36,080
Speaker 3: And got nothing to do with this podcast or this topic.

559
00:30:37,080 --> 00:30:40,600
Speaker 3: I just really evenole hear this. You want to know

560
00:30:40,640 --> 00:30:43,880
Speaker 3: what difference is. A man will learn the love the

561
00:30:43,920 --> 00:30:47,200
Speaker 3: woman he's attracted to. A woman tends to become more

562
00:30:47,200 --> 00:30:50,720
Speaker 3: attracted to the man that she loves. Okay, a bar

563
00:30:51,520 --> 00:30:54,040
Speaker 3: Now there's a tech man rule, but that is that

564
00:30:54,120 --> 00:30:56,400
Speaker 3: is generally a rule. Women are more mature, women are

565
00:30:56,400 --> 00:31:01,479
Speaker 3: more thoughtful. Women or you know, but that man visual creatures.

566
00:31:01,680 --> 00:31:03,680
Speaker 3: You know, that's why a man will fall in love

567
00:31:03,720 --> 00:31:08,800
Speaker 3: with a dummy, right because it's a visual thing. For

568
00:31:09,000 --> 00:31:11,200
Speaker 3: God knew what he was doing. God made women with

569
00:31:11,200 --> 00:31:14,120
Speaker 3: with with the body and along hair like these guys

570
00:31:14,160 --> 00:31:18,120
Speaker 3: in the Anderthals and women and women have what blind

571
00:31:18,120 --> 00:31:21,240
Speaker 3: spots too, right, But he understood that a woman is

572
00:31:21,320 --> 00:31:24,880
Speaker 3: going to be looking for more, uh, you know, protection, safety, security,

573
00:31:25,120 --> 00:31:27,640
Speaker 3: your heart, your soul. So again, a man will learn

574
00:31:27,680 --> 00:31:31,920
Speaker 3: to love the woman that he's attracted to, but that

575
00:31:32,040 --> 00:31:35,160
Speaker 3: woman will become more attracted over time to the man

576
00:31:35,160 --> 00:31:37,800
Speaker 3: that she loves. And that's a beautiful coming together. It's

577
00:31:37,880 --> 00:31:42,120
Speaker 3: it's uh, it's it's it is. It is one one

578
00:31:42,480 --> 00:31:45,480
Speaker 3: one equals four, five, eight ten, it's one hundred and

579
00:31:45,480 --> 00:31:52,760
Speaker 3: one hundred. And that difference together is quite beautiful.

580
00:31:53,520 --> 00:31:55,760
Speaker 1: Even though I didn't expect us to take this turn,

581
00:31:55,920 --> 00:31:58,520
Speaker 1: I'll make the messy question this because what you just

582
00:31:58,560 --> 00:32:02,200
Speaker 1: said was you know, that was that was some wisdom

583
00:32:02,280 --> 00:32:05,680
Speaker 1: right there. And the year of our Lord twenty twenty five,

584
00:32:05,760 --> 00:32:09,000
Speaker 1: John O'Brien is a prenup essential.

585
00:32:14,320 --> 00:32:17,920
Speaker 3: It's not a bad idea, look, and I told you

586
00:32:17,960 --> 00:32:21,320
Speaker 3: it's a business contract. I mean it was business before

587
00:32:21,360 --> 00:32:29,000
Speaker 3: it was personal. If the guy's gonna be whoever's making

588
00:32:29,000 --> 00:32:30,520
Speaker 3: the money, because it could be the woman is example,

589
00:32:30,560 --> 00:32:33,840
Speaker 3: and they're going to be all wigged out and and

590
00:32:33,880 --> 00:32:36,120
Speaker 3: I can't and can't relax when they were traumatized because

591
00:32:36,120 --> 00:32:40,480
Speaker 3: the last relationship jacked them up. Then give them whatever

592
00:32:40,480 --> 00:32:43,440
Speaker 3: it takes to make them comfortable. If they need a prenup,

593
00:32:43,800 --> 00:32:46,760
Speaker 3: then that's cool. But if you but if you're marrying

594
00:32:46,800 --> 00:32:51,520
Speaker 3: somebody and you are looking at them sideways from Jump Street,

595
00:32:51,600 --> 00:32:53,240
Speaker 3: like you know, I don't really trust you. I need

596
00:32:53,240 --> 00:32:55,280
Speaker 3: some I need I need a I need a document.

597
00:32:55,680 --> 00:32:59,640
Speaker 3: Probably the wrong person to be married. Probably you probably

598
00:32:59,680 --> 00:33:02,560
Speaker 3: just day to hang out, you know, be engaged for

599
00:33:02,560 --> 00:33:08,720
Speaker 3: twenty years, you probably shouldn't be married. I uh, I

600
00:33:08,760 --> 00:33:12,600
Speaker 3: think that what's whatever makes you comfortable? And but here's

601
00:33:12,640 --> 00:33:16,240
Speaker 3: a practical answer. Whatever I made before I met you

602
00:33:16,880 --> 00:33:20,440
Speaker 3: and none of your business. However you want to however

603
00:33:20,440 --> 00:33:23,000
Speaker 3: you want to structure that whatever I made before I

604
00:33:23,040 --> 00:33:27,000
Speaker 3: met you none of your business. Why don't we try

605
00:33:27,040 --> 00:33:30,040
Speaker 3: to claw back and saying you that you want half

606
00:33:30,120 --> 00:33:32,720
Speaker 3: of No, No, that's just now you've confirmed it. You

607
00:33:32,720 --> 00:33:36,560
Speaker 3: ain't right, So there's no one should If somebody wants

608
00:33:36,560 --> 00:33:39,880
Speaker 3: to pre nup, I think that it has a It

609
00:33:39,920 --> 00:33:42,280
Speaker 3: has a potential of messing up the vibe, messing up

610
00:33:42,280 --> 00:33:44,120
Speaker 3: the energy if you got to press too hard for it.

611
00:33:44,360 --> 00:33:46,480
Speaker 3: But if somebody wants that, the other person really should

612
00:33:46,480 --> 00:33:50,040
Speaker 3: be okay with it, because it's like, that's your it's

613
00:33:50,080 --> 00:33:54,880
Speaker 3: it's it's talking about what happened primarily before we got here.

614
00:33:55,200 --> 00:34:00,960
Speaker 3: Now from this day forward, if we're building together, why

615
00:34:01,000 --> 00:34:04,200
Speaker 3: wouldn't I want to share with you? I wouldn't have it.

616
00:34:04,280 --> 00:34:05,959
Speaker 3: I wouldn't have it without you. It wouldn't have had

617
00:34:06,000 --> 00:34:07,440
Speaker 3: the peace when they had the peace of mind. It

618
00:34:07,440 --> 00:34:09,279
Speaker 3: would not have had this ability. I would not I

619
00:34:09,280 --> 00:34:14,000
Speaker 3: would not have had the the ability to dream big

620
00:34:14,080 --> 00:34:17,319
Speaker 3: dreams because of the foundation that my family gave me.

621
00:34:17,400 --> 00:34:19,160
Speaker 3: So why wouldn't you want to know? Different than why

622
00:34:19,160 --> 00:34:22,239
Speaker 3: should you be resembled about paying taxes? Uh, you got

623
00:34:22,360 --> 00:34:24,839
Speaker 3: roads that you didn't pay for, the roads you didn't

624
00:34:24,840 --> 00:34:26,799
Speaker 3: pay for, the light the lights you didn't pay for,

625
00:34:26,840 --> 00:34:31,759
Speaker 3: the the you know, law enforcement, the structure, the you're in,

626
00:34:31,800 --> 00:34:35,520
Speaker 3: the you're in the the best structured rule of law nation.

627
00:34:35,840 --> 00:34:40,319
Speaker 3: In spite of current situation in the world, in spite

628
00:34:40,360 --> 00:34:43,399
Speaker 3: of current political situation still in the world, rule of law.

629
00:34:44,239 --> 00:34:46,200
Speaker 3: And that's why if everybody wants to that's why it's

630
00:34:46,239 --> 00:34:48,400
Speaker 3: a flight to quality. Everybody wants to invest in the United States.

631
00:34:48,520 --> 00:34:51,320
Speaker 3: You know, China's talking about we hate the US. Meanwhile,

632
00:34:51,320 --> 00:34:54,120
Speaker 3: they're all running here in Russians, running here to invest

633
00:34:54,600 --> 00:34:56,520
Speaker 3: their money when the cameras go off, because this is.

634
00:34:56,440 --> 00:34:57,360
Speaker 4: The flight to quality.

635
00:34:57,480 --> 00:35:00,680
Speaker 3: All all these folks in the world, Iranians, Koreans, they

636
00:35:00,680 --> 00:35:02,600
Speaker 3: all want to invest here because it's flight to quality.

637
00:35:02,640 --> 00:35:03,080
Speaker 4: It's safe.

638
00:35:03,400 --> 00:35:07,040
Speaker 3: So why should you be Why should you be upset?

639
00:35:07,440 --> 00:35:10,359
Speaker 3: Because you've got to pay taxes. That's my partner. You're

640
00:35:10,640 --> 00:35:13,520
Speaker 3: the government's my partner. You've helped me become wealthy. Now

641
00:35:13,520 --> 00:35:15,600
Speaker 3: when I pay the million dollars in the state of

642
00:35:15,600 --> 00:35:19,000
Speaker 3: Georgia one year and state taxes, you know that I

643
00:35:19,040 --> 00:35:20,760
Speaker 3: stopped every time I hit a pothole.

644
00:35:21,200 --> 00:35:22,120
Speaker 4: Uh, and and.

645
00:35:22,080 --> 00:35:24,520
Speaker 3: Send a note to the Congressman, the Senator, the city

646
00:35:24,520 --> 00:35:27,000
Speaker 3: council person, the commissioner, the mayor. I had them on

647
00:35:27,040 --> 00:35:30,040
Speaker 3: speed a yo, yo, y'all, Here is exactly where the

648
00:35:30,040 --> 00:35:33,040
Speaker 3: pot He's a photo of it right. Uh. When you start,

649
00:35:33,080 --> 00:35:36,239
Speaker 3: when you start paying taxes, you start getting real attentive.

650
00:35:36,719 --> 00:35:38,520
Speaker 3: But I think that this is uh, this is no

651
00:35:38,600 --> 00:35:40,920
Speaker 3: different than this relationship. You know, if I'm gonna, if

652
00:35:40,920 --> 00:35:43,120
Speaker 3: I'm with you and you're with and we're together and

653
00:35:43,160 --> 00:35:46,160
Speaker 3: we're partners in this, why wouldn't I want you to

654
00:35:46,160 --> 00:35:48,680
Speaker 3: to advance with me? And why wouldn't I want you

655
00:35:48,760 --> 00:35:52,000
Speaker 3: to share reasonably and what you helped me create?

656
00:35:52,680 --> 00:35:53,600
Speaker 4: Uh?

657
00:35:53,400 --> 00:35:56,200
Speaker 3: Uh with the exception degree, all things in balance I

658
00:35:56,200 --> 00:35:59,719
Speaker 3: think are reasonable. Alcohol and BASM and balance lowers your

659
00:35:59,760 --> 00:36:04,040
Speaker 3: blood pressure. Drugs and balance are prescribed. You know, sleep

660
00:36:04,280 --> 00:36:06,560
Speaker 3: isn't balanced. All these things in balance makes sense. You

661
00:36:06,600 --> 00:36:08,480
Speaker 3: get out of balance too much of any of these

662
00:36:08,480 --> 00:36:11,760
Speaker 3: things and and you know, you start having a problem.

663
00:36:11,800 --> 00:36:14,239
Speaker 3: All all of the addiction is is an emotion you

664
00:36:14,280 --> 00:36:16,719
Speaker 3: can't handle. And so when you become addicted to these

665
00:36:16,800 --> 00:36:21,080
Speaker 3: unnatural things, including being addicted to money, are being if

666
00:36:21,120 --> 00:36:25,120
Speaker 3: you if you're obsessing now obsessing them out about this prenup,

667
00:36:25,160 --> 00:36:26,800
Speaker 3: you shouldn't be married. You've got you need to go

668
00:36:26,880 --> 00:36:29,920
Speaker 3: to counseling, right And if you're obsessing about not having

669
00:36:29,920 --> 00:36:32,600
Speaker 3: a prenup, you shouldn't be married because you're trying to

670
00:36:32,640 --> 00:36:35,439
Speaker 3: pimp this dude and you and you because you try

671
00:36:35,520 --> 00:36:37,640
Speaker 3: you're trying to hide the ball. I think it's no

672
00:36:37,640 --> 00:36:41,360
Speaker 3: problem having the conversation and see how the person responds,

673
00:36:42,520 --> 00:36:44,800
Speaker 3: and if you're comfortable with the response.

674
00:36:44,400 --> 00:36:44,800
Speaker 4: Then.

675
00:36:46,440 --> 00:36:49,279
Speaker 1: Oh, I was going to say with John, this is

676
00:36:49,320 --> 00:36:51,680
Speaker 1: one of the reasons, many reasons I love talking to you,

677
00:36:51,719 --> 00:36:53,759
Speaker 1: because you have the versatility to be able to talk

678
00:36:53,760 --> 00:36:56,239
Speaker 1: about the Lakers sale in addition to whether or not

679
00:36:56,360 --> 00:36:57,360
Speaker 1: want to get it.

680
00:36:57,560 --> 00:36:58,239
Speaker 2: Get a freeing up.

681
00:36:58,520 --> 00:37:02,479
Speaker 1: You know, on top of all the wonderful civil rights

682
00:37:02,520 --> 00:37:07,200
Speaker 1: work that you're doing in the field of finance. You know,

683
00:37:07,280 --> 00:37:10,040
Speaker 1: you calling it the civil rights movement of our generation.

684
00:37:10,360 --> 00:37:11,960
Speaker 1: I think there's so much truth in that. I think

685
00:37:12,000 --> 00:37:16,200
Speaker 1: that is the truth. Yeah, yeah, financial literacy. Let me

686
00:37:16,239 --> 00:37:18,320
Speaker 1: be specific about that being the civil rights movement. I

687
00:37:18,320 --> 00:37:19,680
Speaker 1: think that's extremely true.

688
00:37:20,000 --> 00:37:20,840
Speaker 2: So listen.

689
00:37:20,880 --> 00:37:23,120
Speaker 1: I know you're super busy. I thank you for just

690
00:37:23,160 --> 00:37:24,279
Speaker 1: doing this on the fly with me.

691
00:37:24,440 --> 00:37:25,440
Speaker 2: I appreciate it.

692
00:37:25,880 --> 00:37:28,840
Speaker 1: I love all your commentary and your thoughts, and just

693
00:37:28,840 --> 00:37:29,359
Speaker 1: thanks again.

694
00:37:29,400 --> 00:37:30,520
Speaker 2: It was a pleasure to talk to you.

695
00:37:30,920 --> 00:37:33,040
Speaker 3: My pleasure. And let me say this, there are other

696
00:37:33,080 --> 00:37:35,000
Speaker 3: ways for your for people listening to you, and I

697
00:37:35,120 --> 00:37:36,799
Speaker 3: encourage people to listen to you and follow you and

698
00:37:36,840 --> 00:37:38,880
Speaker 3: tell your friends and follow you. I think you're brilliant.

699
00:37:39,520 --> 00:37:42,000
Speaker 3: You're making smart sexy. There are other ways to protect

700
00:37:42,040 --> 00:37:50,000
Speaker 3: yourself in a relationship. You can do limited liability corporations, UH.

701
00:37:50,200 --> 00:37:54,040
Speaker 3: You can do trust, revocable and irrevocable trust. You can

702
00:37:54,080 --> 00:37:56,840
Speaker 3: have a will, You can have a life insurance policy,

703
00:37:57,200 --> 00:38:00,760
Speaker 3: and if you get your partner to agree to that,

704
00:38:00,800 --> 00:38:05,399
Speaker 3: you can sort of bake in agreements around what they get,

705
00:38:06,200 --> 00:38:10,959
Speaker 3: which will relax them, make them feel they're not being pumped. Right,

706
00:38:11,640 --> 00:38:14,480
Speaker 3: And so now I think you really need to get

707
00:38:14,920 --> 00:38:17,800
Speaker 3: as quickly as you can, get off of the financial

708
00:38:17,840 --> 00:38:20,840
Speaker 3: conversation and get on the building conversation, Get off of

709
00:38:20,920 --> 00:38:24,360
Speaker 3: focus on me and start focusing on we as soon

710
00:38:25,040 --> 00:38:26,360
Speaker 3: as possible.

711
00:38:27,760 --> 00:38:29,319
Speaker 2: Amen of that. That's a mic drop.

712
00:38:29,400 --> 00:38:31,680
Speaker 1: All right, John, Will you take care and continue to

713
00:38:31,680 --> 00:38:35,719
Speaker 1: fight the good fight you too. This can close this

714
00:38:35,800 --> 00:38:38,399
Speaker 1: special bonus episode of Politics. Make sure you get at

715
00:38:38,440 --> 00:38:41,200
Speaker 1: me across social media or even email. I'm at Jamail

716
00:38:41,280 --> 00:38:45,000
Speaker 1: Hill across all social media platforms Twitter, Instagram, fan based,

717
00:38:45,040 --> 00:38:48,840
Speaker 1: Blue Sky, and threads. Please use the hashtags politics. You

718
00:38:48,920 --> 00:38:51,439
Speaker 1: also have the option of emailing me at Politics twenty

719
00:38:51,480 --> 00:38:54,239
Speaker 1: twenty four at gmail dot com. You can also video

720
00:38:54,360 --> 00:38:56,360
Speaker 1: me a question, but Please make sure it's thirty seconds

721
00:38:56,520 --> 00:38:59,400
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722
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723
00:39:03,040 --> 00:39:06,319
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724
00:39:06,520 --> 00:39:09,400
Speaker 1: c S. A new episode of Politics drops every Thursday

725
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