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Speaker 1: Welcome to How the Money. I'm Joel and I and

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Speaker 1: Matt and today we are breaking down business and investing

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Speaker 1: with the fellas from Earnier Leisure. Yeah. Earnier Leisure is

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Speaker 1: a podcast assocted by Rashad Blau and Troy Millings, and

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Speaker 1: on their show they talk with guests who are earning

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Speaker 1: and investing their money in all the different ways, ways

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Speaker 1: that a lot of folks probably don't even know exist.

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Speaker 1: Rashade and Troy give a behind the scenes look into

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Speaker 1: different industries and they highlight what makes those industries tick

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Speaker 1: as well as what makes their guests successful. They like

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Speaker 1: to say that Earnier Leisure is a college business class

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Speaker 1: mixed with pop culture, so we're looking forward to a

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Speaker 1: blending of the two together today as we dive into

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Speaker 1: personal finance and business. Fell us, thanks for joining us

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Speaker 1: today on the podcast. Thank you for having Thanks for

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Speaker 1: having to appreciate it. Dude, It's about time. We've had

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Speaker 1: some listeners reach out there like you gotta get them on.

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Speaker 1: We're like, all right, we'll do it. Yes, that sounds great.

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Speaker 1: So excited to have you guys with us. Base everybody

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Speaker 1: that suggested it. Yeah, dude, Oh seriously, You guys do

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Speaker 1: have a passionate fan base, But we gotta say that

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Speaker 1: the first question we ask anybody that comes on the show.

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Speaker 1: Matt and I were super into craft beer. We found

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Speaker 1: out before we started recording. You guys are not into beer. Um,

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Speaker 1: which is totally fine. We can still be friends, but

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Speaker 1: but it is the thing that we splurge on in

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Speaker 1: the here now while we're trying to intentionally save and

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Speaker 1: invest for the future. What is that for you guys?

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Speaker 1: Do you have a splurge or a craft beer equivalent?

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Speaker 1: I would say sneakers For me, I'm a big sneak ahead. Um,

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Speaker 1: so before, even before when I was teaching, I always

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Speaker 1: had a sneaker budget. These teachers that, and so I

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Speaker 1: knew how to have fresh sneakers that the kids wouldn't

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Speaker 1: respect me. So, how many pairs of sneakers do you have? CHOI? Um,

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Speaker 1: I cap it out a hundred. If I get to

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Speaker 1: a hundred, I started I started giving peers away. Okay,

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Speaker 1: that is a lot of shoes. Yea. I mean you

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Speaker 1: gotta have a special closet, right, Like, do you have

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Speaker 1: a I actually have a shoe room. Yeah, I have

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Speaker 1: a shoe It's it's color coordinated stack nicely. There you go.

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Speaker 1: You gotta send me, send us a picture of that.

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Speaker 1: That's amazing. Yeah, for sure. What about you. I don't

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Speaker 1: really do too much spurs on anything these days. But

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Speaker 1: I'm traveling. It's probably my something I enjoy most in life.

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Speaker 1: So um, that's probably like ninety cinema budget. That's splurge

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Speaker 1: herblest towards traveling. But other than that, I don't really

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Speaker 1: have any any habits. So anything that I really spurs

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Speaker 1: on too much. Hey, that's responsible. I means you're I

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Speaker 1: means you're investing that money, right, poured it back into

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Speaker 1: the business. Yeah. Well you know, so speaking of the business,

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Speaker 1: right we're talking about your show or in your leisure

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Speaker 1: Where did the name of of of your show come from?

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Speaker 1: You know, basically like what's your what's your origin story?

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Speaker 1: Like how did you get started? Yeah? So, Uh, was

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Speaker 1: was doing his own social media age and uh it

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Speaker 1: was growing pretty fast. He was doing you know, the

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Speaker 1: behind the scenes stories of business in a very unique way.

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Speaker 1: And uh, one day we were working out and he

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Speaker 1: was like, I want to create this little campaign, but

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Speaker 1: I need a hashtag. And so he told Mike other partner,

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Speaker 1: you know, we gotta come up with a hashtag. And

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Speaker 1: I was like, Okay, I spent a day and I thought, oh,

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Speaker 1: earn your leisure, and um, I just thought it would

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Speaker 1: be fitting because people think that we we come from

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Speaker 1: uh well diverse community where there's nothing but wealth, and

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Speaker 1: we never had to work hard and we were kind

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Speaker 1: of silver spoon kids. And I'm like, they never saw

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Speaker 1: us working two jobs, going to school at night, uh,

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Speaker 1: not having money, you know, having conversations about how we're

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Speaker 1: going to be successful, you know, really questioning like where

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Speaker 1: are we going with our lives? And um, to that point,

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Speaker 1: it was like everything we had gotten we had earned,

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Speaker 1: and so it was like, yeah, we've earned the luxury

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Speaker 1: to have the things that we've had. We we were

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Speaker 1: known in our in our town for having nice parties,

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Speaker 1: nice cars, uh you know, occasional beautiful women around and

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Speaker 1: of people just let that that came naturally. But you know,

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Speaker 1: we had work to out for all those things. And

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Speaker 1: so it was like, Ernie leisure, that I think that

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Speaker 1: would be fitting for the hashtag, and so he kind

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Speaker 1: of used it, and um, he stopped using it for

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Speaker 1: a little bit because he just kind of felt like

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Speaker 1: it wasn't that great, And one of our good friends

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Speaker 1: Banks was like, I really liked that, you should keep

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Speaker 1: using it. And so one it was time for us

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Speaker 1: to come up with a podcast, we were thinking of

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Speaker 1: a name, and uh, we both had different names for it,

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Speaker 1: and uh, we kind of I'm kind of glad we

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Speaker 1: didn't use it. We probably would have got sued by

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Speaker 1: Puff for the name. So we ready, you know, Ernie

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Speaker 1: Leisure was a hashtag, and so you know, we just

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Speaker 1: kind of said, all right, let's use that. We own

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Speaker 1: that we're the only people using it. That's gonna be

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Speaker 1: our name. Man. I feel like there's so much in

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Speaker 1: a name, right, Like people people gravitate towards something that

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Speaker 1: like has a story behind it, and earn your leisure

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Speaker 1: has a has a story behind it, Like it has

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Speaker 1: a message right that like work hard so you can

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Speaker 1: so you can like have fun and play at the

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Speaker 1: same time. I feel like that that says something, right.

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Speaker 1: Then there's a lot in that name in those three words. Yeah, yeah, definitely. Um,

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Speaker 1: it started to mean something different to every person that

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Speaker 1: heard it, and everybody, I mean everybody. The common theme

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Speaker 1: was like I love the name because you have to

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Speaker 1: work for freedoms and financial freedom is one of those

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Speaker 1: things that can change the trajectory of your life and

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Speaker 1: your family's life. And so it was so fitting and

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Speaker 1: the definitions people were coming with it was so profound.

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Speaker 1: I'm like, oh, we got something that's gonna stick because

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Speaker 1: it means something different to every person that hears it,

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Speaker 1: but everybody wants it right. Everybody wants to earn their

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Speaker 1: freedom or their leisure. And so we were like, yeah,

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Speaker 1: we got one, find something sticky, you stick with it. So,

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Speaker 1: I mean, so, did you know, did you two start

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Speaker 1: talking about you know, personal finances, You're you know, you're

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Speaker 1: talking about money, you talking about business here? Is that

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Speaker 1: how the show got started? Basically you're looking for a

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Speaker 1: way to just share that information with with other folks.

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Speaker 1: How did the actual podcast come about? Yeah, the podcast

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Speaker 1: came about from just my Instagram page of you know,

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Speaker 1: growing that my own personal brand as a financial advisor.

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Speaker 1: I wanted to kind of, you know, be known in

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Speaker 1: the world of social media as a fining you an

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Speaker 1: expert financial advisor on Instagram and I would go on

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Speaker 1: other people's shows, any show that would invite me, public

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Speaker 1: access show, radio show, anything, and I would just take

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Speaker 1: myself and then chop up clips and put it on Instagram.

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Speaker 1: And then from there people I thought that those clips

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Speaker 1: was actually from my podcast, so they were asking like,

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Speaker 1: you know, where can I see this full episode? And

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Speaker 1: I'm like, well, this isn't actually my show. This to

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Speaker 1: somebody else's show. So people kept saying like, well, you

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Speaker 1: need to have your on show, you should have your

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Speaker 1: own podcast. Um. And then from there, you know, the

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Speaker 1: momentum just just just kept building and those clips really

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Speaker 1: started to go like viral online. I thought it would

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Speaker 1: be a good idea to actually start on show. So Troy,

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Speaker 1: you know, I speak to him every day. So when

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Speaker 1: I was coming up with this show, I asked him

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Speaker 1: if he wanted to be my partner for this show, um,

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Speaker 1: because I felt like, you know, most podcasts have co

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Speaker 1: host two people as opposed to just one person. So um,

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Speaker 1: I thought it would be a good idea to have

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Speaker 1: him as my co host for the show. So he

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Speaker 1: said yeah, and uh, that's how it actually got started.

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Speaker 1: So that's how, actually me how it got started. We

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Speaker 1: didn't really start the podcast, but the you know, the brand.

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Speaker 1: It was really meant to just keep growing my own

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Speaker 1: personal thing that I was doing and attraction that I

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Speaker 1: was getting on going other people's off of other people's shows. Um,

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Speaker 1: we thinkured we could just do our own show, and

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Speaker 1: then uh, two years later we had now there you go. Well,

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Speaker 1: I love that you guys are best friends too, man

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Speaker 1: Like I think literally, Matt and I are best friends.

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Speaker 1: But this is the first best friend combo we've had

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Speaker 1: as guests on the show, which I don't know how

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Speaker 1: uh it's it's fitting, though. I love that that you

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Speaker 1: guys are the first best friends we've had. I want

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Speaker 1: to say to like man, I was, I was scrolling

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Speaker 1: through some of your YouTube videos and just uh, a

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Speaker 1: lot of times when you look at the comments on

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Speaker 1: YouTube videos, it's like a cesspool of negativity. But man,

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Speaker 1: like everybody, the responses and stuff from from your viewers

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Speaker 1: were so positive, And there was one that really caught

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Speaker 1: my eye. Someone said, seeing so many successful people of

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Speaker 1: color has changed my outlook. Thanks, uy L. And it

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Speaker 1: sure seems like you guys are feeling a void in

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Speaker 1: the financial space. Is that you see yourselves? Is that

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Speaker 1: what you see yourselves as doing is basically like taking

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Speaker 1: advice to a group of folks that usually are underserved. Yeah. Absolutely, definitely.

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Speaker 1: You know, the message of financial literacy and business UH

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Speaker 1: was kind of I don't want to say it was

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Speaker 1: left out, but you know, for a long period of time,

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Speaker 1: it wasn't delivered to our community for sure, in a

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Speaker 1: way that they can understand it and from messengers that

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Speaker 1: they that they related to. So a lot of people,

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Speaker 1: millions of people were left out of business conversations, were

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Speaker 1: left out of financial literacy conversations because it wasn't delivered

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Speaker 1: UH in a way that they can understand it, and

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Speaker 1: it wasn't delivered from people that they can understand. So

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Speaker 1: us coming UM and I feel like we definitely filled

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Speaker 1: that gap and bring millions of people and all over

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Speaker 1: the world that you know, we're left out of that

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Speaker 1: conversation or just felt uncomfortable taking part in the conversation

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Speaker 1: because they didn't understand it and they felt like, you know,

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Speaker 1: it might have been over their head, or they might

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Speaker 1: have felt that was too boring for them or too

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Speaker 1: complicated for them. So, you know, we try to make

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Speaker 1: things as easy to understand as possible. We use a

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Speaker 1: lot of UM cultural references and try to you know,

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Speaker 1: as you said at the beginning of the show, we

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Speaker 1: mix UM it's a business course mixed with pop culture,

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Speaker 1: so all of that just kind of blends for an

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Speaker 1: interesting dynamic. And it's not just you know, black people,

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Speaker 1: not just Spanish people, as for anybody all over the world.

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Speaker 1: But of course, you know, us being African American, um men,

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Speaker 1: that's the language that we speak. So it's easy for

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Speaker 1: us to you know, talk and and relate to the

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Speaker 1: people because these are the same people that we grew

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Speaker 1: up with, the same people that went with the high

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Speaker 1: school with the same people that you know we see

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Speaker 1: in the barbershop. So you know, these are the conversations

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Speaker 1: that we're having on Earn Alisia, and we're bringing people

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Speaker 1: on on Earn Alisia that you know, may have been

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Speaker 1: looked over, um entrepreneurs that are doing great things that

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Speaker 1: are killing the game, whether it's real estate, whether it's stocks,

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Speaker 1: whether it's you know, trucking, un aimen and um there's

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Speaker 1: are young majority young African American entrepreneurs that have been

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Speaker 1: looked over by mainstream media that nobody has recognized, and

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Speaker 1: we give them a platform to not only be celebrated,

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Speaker 1: but more importantly to educate. So now they're actually educated.

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Speaker 1: So not only are they getting a message from us,

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Speaker 1: but they're getting a message from the guests that we

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Speaker 1: bring on, and the guests that we bring on UM

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Speaker 1: they can relate to as well. So it's very encouraging

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Speaker 1: for a lot of people to actually see the diversity

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Speaker 1: in business and see the diversity in UM in education.

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Speaker 1: I think that it's something that has lacked for a

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Speaker 1: long period of time, especially in the business world. I

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Speaker 1: love it. Yeah, and you know you mentioned this too,

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Speaker 1: But you're a financial advisor, Troy, you're a teacher. Did

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Speaker 1: you guys see that as a combo, you know, like

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Speaker 1: a perfect fit, the two of you coming together like that. Yeah,

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Speaker 1: it actually started. We started UM in a summer program

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Speaker 1: that I was running. Uh. You know, obviously when you're

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Speaker 1: a teacher, you got some resolved, but I always used

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Speaker 1: the summer to find a way to teach kids in

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Speaker 1: a different format. I was teaching health and visit during

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Speaker 1: the school year, and UM I taught like a financial

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Speaker 1: literacy program in the summer on a summer intership program.

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Speaker 1: But financial literacy was a component. And so when I

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Speaker 1: started it, and he was just starting his financial advising career,

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Speaker 1: and so I told him, you know, one of the

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Speaker 1: components of the programs, I want you to come talk

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Speaker 1: to the kids about money at the time, you know,

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Speaker 1: they would enter for six weeks and at the end

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Speaker 1: of it, I was going to pay them like five dollars.

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Speaker 1: And so it was the first fourteen years old, so

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Speaker 1: it was the first time they were come into contact

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Speaker 1: with money. I wanted them to have a to understand

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Speaker 1: the relationship of money, how to use it, I think.

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Speaker 1: I think one of the first lessons we talked to

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Speaker 1: him was how to save, how to spend it, how

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Speaker 1: to share, which is a valuable lesson for adults and children.

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Speaker 1: But they got the concept and so we turned that

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Speaker 1: into something very special. Right, So they got the financial literacy,

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Speaker 1: and then they got to see real world application. They

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Speaker 1: would come in, we'd interview them, see what they wanted

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Speaker 1: to be in the future, and then explore it. We

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Speaker 1: exposed them to careers that they never thought were possible. Right,

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Speaker 1: a kid comes and tells me he wants to be

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Speaker 1: a pediatrician, which will take him to a doctor's office

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Speaker 1: and let them see what that's like. They wanted to

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Speaker 1: be an architect, We take them to you know, affirm

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Speaker 1: that has architect and they get to be that person.

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Speaker 1: For six weeks and it was so valuable that um,

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Speaker 1: people were like, we need more of this, we need

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Speaker 1: more of this, and um, it kind of gravitated to

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Speaker 1: turning it into the podcast. Really, if we look at it,

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Speaker 1: we were showing kids what careers they can do. When

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Speaker 1: that was showing adults and kids all the different types

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Speaker 1: of careers and ways they can make money as entrepreneurs

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Speaker 1: and businessmen and winning. Dude, that's awesome. And yeah, what

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Speaker 1: are some of the biggest obstacles maybe when you're trying

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Speaker 1: to talk about money with young folks, with fourteen year

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Speaker 1: olds like, um, that that can be you know, Matt

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Speaker 1: and I bemoan the lack of personal finance education in

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Speaker 1: high schools growing up. I think there's six states maybe

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Speaker 1: the require a personal finance class and so you know,

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Speaker 1: you get out there into adulthood and oftentimes most people

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Speaker 1: learned through a bunch of bad beats. So reaching kids

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Speaker 1: young at a young age is so important. But what

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Speaker 1: are some of the biggest challenges when you are trying

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Speaker 1: to reach young people to teach them about personal finance. Yeah,

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Speaker 1: I think the biggest challenges is that is not required

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Speaker 1: during the ten months of school. Yeah, And so knowing

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Speaker 1: that I wanted to treat the site weeks in the

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Speaker 1: summer that I had them like the ten months that

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Speaker 1: they missed, and so we made no secret. We would

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Speaker 1: tell them like, hey, we make this much money or

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Speaker 1: we have this much money. And the first thing that

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Speaker 1: kids respect is when what they can see. And so

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Speaker 1: if they see it and you show them how they

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Speaker 1: can do it and what it means to invest in

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Speaker 1: stocks and how you can make money, they gravitate towards

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Speaker 1: it because nobody's told them this before, right, like, you

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Speaker 1: can make money right now. We can show you how

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Speaker 1: to make money in the stock market, we can show

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Speaker 1: you what taxes are, like, nobody was talking to them

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Speaker 1: like this, and so when they started to hear money language,

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Speaker 1: it was like, oh, this is what I need. They

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Speaker 1: started thinking like why why am I learning about trigonometry?

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Speaker 1: No disrespecting they trigonometry teacher, but you know that a

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Speaker 1: lot of them are like, we am I gonna have

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Speaker 1: a use this? And it's tough as a teacher to

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Speaker 1: say you will one day, knowing that you know you

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Speaker 1: probably won't. Probably not imetry since high school personally, you

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Speaker 1: know what I mean. And so when we talked to

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Speaker 1: them about things that related to their everyday life, sales tax,

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Speaker 1: stay tax, income tax, again, teaching them how stock market works.

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Speaker 1: It was like, oh, this is this is what I

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Speaker 1: really needing. And so they would they would eating it up.

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Speaker 1: They would eating it up, and every year they wanted

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Speaker 1: to come back. And that was the only thing about

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Speaker 1: the program after they left, you know, the goal was

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Speaker 1: to get them a job. By the time they have

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Speaker 1: a fifteen and a kids always got a job, and

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Speaker 1: so they still wanted a piece of the program, and

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Speaker 1: so all things like, how do we scale this, this

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Speaker 1: need right now, these kids want this, how do we

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Speaker 1: scale it? And so we found the way through our

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Speaker 1: your leisure. Obviously, you talk about money all the time,

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Speaker 1: just like Joel and I. We don't see it as

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Speaker 1: being weird at all. I mean, we're talking to people

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Speaker 1: about money, about what they're doing their money. We're talking

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Speaker 1: to our friends about it, and they're kind of sometimes

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Speaker 1: we're like, hey, man, back off, you know, But like,

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Speaker 1: do you see talking about money and finance being perceived

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Speaker 1: that's a bad thing in social spheres that you guys

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Speaker 1: are involved with. No, I don't think talking about money

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Speaker 1: is a bad thing. I think that you know, for

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Speaker 1: a long time, it's like kind of been taboo even

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Speaker 1: like a lot of in like working class, of middle class,

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Speaker 1: of poor households, like it would be like never acts

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Speaker 1: your parents how much money they make, never asked them

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Speaker 1: about building anything like that. But it's like, that's to me,

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Speaker 1: that's the really the wrong way to go about it,

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Speaker 1: because if you if your kids aren't aware of money,

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Speaker 1: if you're not teaching kids about money, and they're gonna

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Speaker 1: be ignorant about money and they're gonna make a lot

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Speaker 1: of mistakes. So that's kind of a backwards way of

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Speaker 1: thinking that I think we're moving away from UM. But

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Speaker 1: for us, it's never been an issue to talk about money.

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Speaker 1: But yeah, definitely, you know, I think that more so

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Speaker 1: UM is like an environmental thing growing up families, households,

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Speaker 1: things of that nature, where money wasn't talked about. All

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Speaker 1: money was off the limits as far as you know,

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Speaker 1: never asks parents about any finances at all. That's not

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Speaker 1: a child's place. But in my opinion, it actually is

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Speaker 1: a child's place because if the parents are educating them,

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Speaker 1: who is going to educate them? Yeah? Yeah, And Matt

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Speaker 1: and I we've got a bunch of youngsters of our own.

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Speaker 1: Mask got four, I've got three, and um, we're trying

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Speaker 1: to teach some stuff that we didn't learn about growing up,

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Speaker 1: because you know, at least in my house, money was

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Speaker 1: not talked about, and in fact, it was something that

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Speaker 1: that led to a lot of It was actually more

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Speaker 1: of a source of difficulty and never a place to

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Speaker 1: learn from the difficulties that we encountered, and it just

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Speaker 1: became a topic that we swept under the rug, which

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Speaker 1: led to a lot more you know, odd ways of

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Speaker 1: me viewing money and had to correct those over the

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Speaker 1: years as I became an adult. Um, because we we've

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Speaker 1: got more to get to with you. With you, we

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Speaker 1: want to talk specifically about investing in your personal approach

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Speaker 1: to money. We'll get to some questions on that right

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Speaker 1: after this break. All right, we're back. We're talking with

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Speaker 1: Rashod and Troy Fellas. Let's let's kind of dive into

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Speaker 1: investing here. You know, it sure seems like you guys

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Speaker 1: have learned a lot about all sorts of different investing strategies. Uh,

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Speaker 1: you know, just from hosting your podcast or in your

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Speaker 1: leisure But what are some of the coolest things that

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Speaker 1: you've learned from the different guests who you have had

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Speaker 1: on the show. Um, yeah, we learned a lot from

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Speaker 1: a variety of different guests. Um. One of the things

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Speaker 1: that you know, really got my attention is we had

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Speaker 1: an MG the mortgage shout to him and he's a

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Speaker 1: loan officer and he has an interest in strategy as

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Speaker 1: far as real estate. Uh with four three to one

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Speaker 1: strategy where most people, you know, they start off their

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Speaker 1: real estate journey with a single family home and they

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Speaker 1: spend all of their money and they really can't afford

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Speaker 1: their home and they you know, kind of like living

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Speaker 1: that American dream where you got you overleveraged and dead

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Speaker 1: and you got a nice house, but you kind of

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Speaker 1: like underwater and just barely making mortgage payments. And that

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Speaker 1: really is a trap for the next thirty years. But

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Speaker 1: what he explained is, you know, never do that. Start

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Speaker 1: with a multi family ideally or for family unit if

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Speaker 1: you can, if not three family, um, and work your

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Speaker 1: way down. So start with a multi family and you know,

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Speaker 1: a decent neighborhood but not the best neighborhood, and um,

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Speaker 1: you know, work your way down. Talked about a lot

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Speaker 1: of different things how you can refinance and you know,

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Speaker 1: after year f H a refinance, get a new FH

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Speaker 1: a loan, kind of work your way down from four

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Speaker 1: family to a three family to a two family. So

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Speaker 1: by the time you actually do get the one family home,

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Speaker 1: it's the dream home that you really want and the

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Speaker 1: one that you really can afford. And now you have

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Speaker 1: all of those other units that's actually paying for the

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Speaker 1: mortgage of the new home, so you're not actually paying

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Speaker 1: for it. You have other homes that you've accumulated throughout

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Speaker 1: the years that's actually paying for it. So that was

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Speaker 1: something that you know, it's just a very simple thing.

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Speaker 1: It's not extremely complicated, but I never heard anybody break

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Speaker 1: it down like that. And when he explained it to

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Speaker 1: me and made so much sense because being a financial

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Speaker 1: advice I see all the time people buy homes and

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Speaker 1: they can't afford it. They have to cash out their

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Speaker 1: four one K, take a loan from their four one K,

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Speaker 1: deplete their savings, and they're doing every single thing possible

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Speaker 1: just to get the home. And it's like, Okay, you know,

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Speaker 1: you have a home now, but you really can't afford

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Speaker 1: to have that home, so exactly exactly, so to me,

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Speaker 1: that was one of the most powerful things that I

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Speaker 1: took away from a guest, Um, yeah I had. It

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Speaker 1: was two shoutut to our brother Will Street trapping he

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Speaker 1: and done that. And they we're talking about the power

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Speaker 1: investment indexes and e t f s and they used

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Speaker 1: the analogy of a basketball team. I thought it was

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Speaker 1: really a really profound way to look at it. When

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Speaker 1: you think of a basketball team, there's always a star player, right,

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Speaker 1: and so you can invest in the star player like

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Speaker 1: Lebron James, which would be equivalent to Apple, or you

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Speaker 1: can invest in the e t F like XLK that

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Speaker 1: has Apple inside of it at a smaller allocation, but

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Speaker 1: you're now getting the Western Conference also our teams, and

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Speaker 1: so that that when he said, Dad, I was like, oh,

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Speaker 1: that's that's a nice way to put it, right, because

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Speaker 1: in the XLK you got a bunch of companies and

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Speaker 1: so now you have Anthony Davis and you've got Steph Curry,

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Speaker 1: and you got all these guys that if you have

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Speaker 1: Lebron gets pulls his growing. Hopefully he doesn't this year,

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Speaker 1: but if you pull that going, you know you still

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Speaker 1: got you still got a great chance of winning the game.

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Speaker 1: And so when when they said that investment strategy. I

428
00:19:49,160 --> 00:19:50,840
Speaker 1: was like, Oh, I like that. That that's a that's

429
00:19:50,840 --> 00:19:53,320
Speaker 1: a nice way to teach people. Yeah, man, I love that.

430
00:19:53,440 --> 00:19:55,199
Speaker 1: And I don't want to throw anybody under the bus

431
00:19:55,280 --> 00:19:58,000
Speaker 1: or anything. But has there ever been any advice on

432
00:19:58,040 --> 00:19:59,879
Speaker 1: the show that like somebody was on I guess was

433
00:20:00,000 --> 00:20:02,399
Speaker 1: and you're like, I'm not sure, I'm sure I agree

434
00:20:02,400 --> 00:20:05,160
Speaker 1: with that, maybe or maybe that's not my favorite piece

435
00:20:05,200 --> 00:20:07,760
Speaker 1: of advice. Did anybody say something that just didn't sit

436
00:20:07,840 --> 00:20:11,280
Speaker 1: right with you or that just didn't resonate with you

437
00:20:11,119 --> 00:20:14,159
Speaker 1: and you don't have to name their name. Yeah, not.

438
00:20:14,160 --> 00:20:15,840
Speaker 1: I want to think the thing that the good thing

439
00:20:15,840 --> 00:20:18,320
Speaker 1: about the show is that we bring people on and

440
00:20:18,400 --> 00:20:21,080
Speaker 1: everybody has a different point of view and a different perspective.

441
00:20:21,440 --> 00:20:24,280
Speaker 1: So not that I actually didn't fully disagree with what

442
00:20:24,320 --> 00:20:27,000
Speaker 1: he said, but it was very controversial when Grand Card

443
00:20:27,000 --> 00:20:29,280
Speaker 1: Done came on and he said pretty much a lot

444
00:20:29,359 --> 00:20:31,320
Speaker 1: of things that nobody else had ever said when they

445
00:20:31,320 --> 00:20:35,080
Speaker 1: came on on the Leisure with don't buy a home, um,

446
00:20:35,240 --> 00:20:38,359
Speaker 1: debt is good and a bunch of other stuff. And

447
00:20:38,359 --> 00:20:40,160
Speaker 1: like I said, I mean, in the context, I don't

448
00:20:40,160 --> 00:20:42,879
Speaker 1: think that he was wrong for saying that, but a

449
00:20:42,920 --> 00:20:45,800
Speaker 1: lot of people kind of either they loved what he

450
00:20:45,840 --> 00:20:47,800
Speaker 1: said or they kind of, you know, it kind of

451
00:20:47,800 --> 00:20:50,080
Speaker 1: shocked them and they disagree with what he said. But

452
00:20:50,160 --> 00:20:53,119
Speaker 1: I feel like that's that's what platform should be. You know.

453
00:20:53,160 --> 00:20:56,160
Speaker 1: It's not us like just dictating exactly what is right

454
00:20:56,200 --> 00:20:58,439
Speaker 1: from our personal opinion. We bring different people along with

455
00:20:58,480 --> 00:21:01,560
Speaker 1: different points of views, and then it's up to the

456
00:21:01,560 --> 00:21:04,560
Speaker 1: people to make educated decisions for themselves. So that was

457
00:21:04,640 --> 00:21:07,359
Speaker 1: something that was recent that comes to mind, because, like

458
00:21:07,400 --> 00:21:09,600
Speaker 1: I said, that was kind of like a left field

459
00:21:09,640 --> 00:21:12,080
Speaker 1: for us for what we usually talk about. He doesn't

460
00:21:12,119 --> 00:21:15,760
Speaker 1: invest in stocks. I don't agree with that, but yeah,

461
00:21:15,840 --> 00:21:18,480
Speaker 1: he pretty much was like left from most of the

462
00:21:18,520 --> 00:21:21,960
Speaker 1: things that we usually talk about. Um, but it was

463
00:21:22,000 --> 00:21:24,920
Speaker 1: interesting to make for an interesting conversation for sure. Yeah.

464
00:21:25,160 --> 00:21:27,920
Speaker 1: I always preference it by saying, the thoughts and beliefs

465
00:21:27,920 --> 00:21:34,000
Speaker 1: of our guests are solely you know, like what says man,

466
00:21:34,200 --> 00:21:36,920
Speaker 1: It's a platform and people get to express their thoughts

467
00:21:36,960 --> 00:21:39,399
Speaker 1: and their opinions, and so I'm not necessarily here to

468
00:21:39,400 --> 00:21:42,720
Speaker 1: agree or disagree. I like to dive deeper into their

469
00:21:42,720 --> 00:21:45,240
Speaker 1: thought process. So how did you come up with that? Like,

470
00:21:45,480 --> 00:21:47,679
Speaker 1: how what made you get to that point of that

471
00:21:47,760 --> 00:21:50,879
Speaker 1: thought process. And so that's always interesting because now you

472
00:21:50,920 --> 00:21:53,280
Speaker 1: dive deeper into, like you said, it makes for a

473
00:21:53,320 --> 00:21:55,840
Speaker 1: better conversation because you're diving deeper into that thought process

474
00:21:55,840 --> 00:21:57,760
Speaker 1: and you get to even if you didn't agree with it,

475
00:21:57,800 --> 00:21:59,760
Speaker 1: you got to see somebody else's perspective and why they

476
00:21:59,840 --> 00:22:02,239
Speaker 1: came up with it, and so that's enjoyable too. Well.

477
00:22:02,280 --> 00:22:04,200
Speaker 1: That's that's one of the most interesting things about personal

478
00:22:04,200 --> 00:22:06,400
Speaker 1: finance too, right, is that there's all these different roads

479
00:22:06,400 --> 00:22:08,840
Speaker 1: that you can take. There's different ways to generate wealth,

480
00:22:09,200 --> 00:22:12,199
Speaker 1: and you guys cover a ton of those ways on

481
00:22:12,200 --> 00:22:14,760
Speaker 1: on your show. But that's what's fascinating to I mean,

482
00:22:14,800 --> 00:22:17,320
Speaker 1: I feel like real estate people in particular, like somebody

483
00:22:17,359 --> 00:22:18,879
Speaker 1: like grand Cardone comes on the show and it's like

484
00:22:18,880 --> 00:22:21,040
Speaker 1: he's got a completely different perspective because he's kind of

485
00:22:21,080 --> 00:22:24,000
Speaker 1: gone all in on this one facet of wealth building.

486
00:22:24,400 --> 00:22:26,440
Speaker 1: And you know, Matt, Matt and I prefer to put

487
00:22:26,440 --> 00:22:28,440
Speaker 1: our eggs in a few different baskets and and try

488
00:22:28,520 --> 00:22:31,320
Speaker 1: to build wealth in a few different ways, building a business,

489
00:22:31,320 --> 00:22:33,560
Speaker 1: investing in stocks, investing in real estate. But man, some

490
00:22:33,600 --> 00:22:36,800
Speaker 1: of those real estate people get hardcore. They're all into

491
00:22:36,840 --> 00:22:40,000
Speaker 1: that leverage for sure. And leverage can can work for

492
00:22:40,040 --> 00:22:42,560
Speaker 1: you brilliantly. It can also work against you. It just

493
00:22:42,720 --> 00:22:47,160
Speaker 1: depends on the situation that you are in yourself. And Troy, yeah,

494
00:22:47,200 --> 00:22:49,400
Speaker 1: I like what you said to about understanding the thought process.

495
00:22:49,400 --> 00:22:52,960
Speaker 1: I mean, that's that's how a teacher thinks, right, Yeah,

496
00:22:53,000 --> 00:22:56,360
Speaker 1: it's I'm not sure that that shows too as especially

497
00:22:56,359 --> 00:22:59,119
Speaker 1: as you're teaching kids. But guys, let's's talk about your

498
00:22:59,119 --> 00:23:01,479
Speaker 1: personal approach to money. You know, um, y'all are all

499
00:23:01,480 --> 00:23:03,440
Speaker 1: about growing your money. It can it can be even

500
00:23:03,480 --> 00:23:05,760
Speaker 1: harder to spend and enjoy your money. I think while

501
00:23:05,800 --> 00:23:08,600
Speaker 1: you're hyper focused on growing your net worth. So how

502
00:23:08,600 --> 00:23:12,120
Speaker 1: do you, guys, maintain any type of balance in your life?

503
00:23:13,440 --> 00:23:19,880
Speaker 1: Umance financially, Because he doesn't have any balance, that's usually

504
00:23:19,920 --> 00:23:21,760
Speaker 1: the answer, that's usually answer when they acts about balance.

505
00:23:22,000 --> 00:23:26,080
Speaker 1: He alwaysays, I don't I don't have any better. But

506
00:23:26,080 --> 00:23:28,639
Speaker 1: but there's yeah, sometimes there's a balance between being hyper

507
00:23:28,680 --> 00:23:31,119
Speaker 1: focused on, you know, just trying to grow your net

508
00:23:31,119 --> 00:23:32,719
Speaker 1: worth as much as possible. But then others are out

509
00:23:32,760 --> 00:23:35,800
Speaker 1: there living life, spending left and right, and if you

510
00:23:35,840 --> 00:23:38,120
Speaker 1: do either one of those, you're probably not gonna end up.

511
00:23:38,240 --> 00:23:40,520
Speaker 1: You know, at the end of the day feeling satisfied.

512
00:23:40,600 --> 00:23:43,200
Speaker 1: So so how how do you guys personally feel satisfied

513
00:23:43,200 --> 00:23:44,479
Speaker 1: at the end of the day between you know, what

514
00:23:44,520 --> 00:23:46,199
Speaker 1: it is that you're investing in saving and what it

515
00:23:46,280 --> 00:23:48,680
Speaker 1: is that you are kind of living, living life spending

516
00:23:48,680 --> 00:23:51,399
Speaker 1: money on. Yeah, I think right now is a good

517
00:23:51,440 --> 00:23:55,520
Speaker 1: balance as far as that financially, it's enough income fortunately

518
00:23:55,560 --> 00:23:59,000
Speaker 1: coming in right now where we can still, um, you know,

519
00:23:59,119 --> 00:24:03,320
Speaker 1: live a pretty comfortable life. Um. You know, we talked

520
00:24:03,320 --> 00:24:05,520
Speaker 1: to you before. We're in Miami almost every other week

521
00:24:05,560 --> 00:24:08,040
Speaker 1: at this point. We do a lot of traveling and

522
00:24:08,080 --> 00:24:10,359
Speaker 1: you know we we live a different, a decent life.

523
00:24:10,400 --> 00:24:13,840
Speaker 1: So that's that's good. Um, we don't have to sacrifice.

524
00:24:13,880 --> 00:24:16,359
Speaker 1: That is enough money to still save and still invest.

525
00:24:17,280 --> 00:24:20,240
Speaker 1: But as far as balance, um, in other areas of

526
00:24:20,240 --> 00:24:22,600
Speaker 1: life and then you know, that's that's where you just

527
00:24:22,600 --> 00:24:24,320
Speaker 1: gotta work on. Is something that I'm still working on

528
00:24:24,359 --> 00:24:27,439
Speaker 1: as far as you know running the business and um,

529
00:24:27,480 --> 00:24:29,439
Speaker 1: it's something that's a twenty four hour job. It's not

530
00:24:29,520 --> 00:24:31,760
Speaker 1: like a nine of five job. There's no really off time,

531
00:24:31,840 --> 00:24:34,040
Speaker 1: so there's always something to do or you always think

532
00:24:34,040 --> 00:24:36,439
Speaker 1: about something to do, or there's always you know, different

533
00:24:36,480 --> 00:24:39,440
Speaker 1: things that you're you're looking at to improve or so

534
00:24:39,960 --> 00:24:42,639
Speaker 1: that can definitely take away from your personal life as

535
00:24:42,680 --> 00:24:46,919
Speaker 1: far as that your personal life balance UM. And I

536
00:24:46,960 --> 00:24:53,439
Speaker 1: think most entrepreneurs, probably most successful entrepreneurs, don't have a um,

537
00:24:53,480 --> 00:24:56,439
Speaker 1: you know, work life balance that most people feel comfortable with.

538
00:24:57,040 --> 00:25:00,080
Speaker 1: But that's why most people aren't successful entrepreneurs. So I

539
00:25:00,119 --> 00:25:02,800
Speaker 1: feel like, you know, on a certain level, your life

540
00:25:02,880 --> 00:25:06,720
Speaker 1: is about sacrifice. So you know, it's something that you

541
00:25:06,840 --> 00:25:09,480
Speaker 1: have to sacrifice. If you're gonna really, you know, be

542
00:25:09,560 --> 00:25:11,800
Speaker 1: at the top of your game, You're gonna have to

543
00:25:11,800 --> 00:25:15,480
Speaker 1: be able to sacrifice some level of your personal life.

544
00:25:16,080 --> 00:25:18,359
Speaker 1: I think there's just no way around it. And I

545
00:25:18,359 --> 00:25:20,080
Speaker 1: guess it's just a matter of just having you know,

546
00:25:20,280 --> 00:25:23,840
Speaker 1: a support system, whether that's your family, your friends, your children,

547
00:25:23,920 --> 00:25:26,720
Speaker 1: your your wife, your husband, whatever, UM, that you can

548
00:25:26,800 --> 00:25:31,520
Speaker 1: understand that and be supportive of that, because I don't

549
00:25:31,600 --> 00:25:36,080
Speaker 1: necessarily know if it's possible to have a completely balanced

550
00:25:36,320 --> 00:25:39,960
Speaker 1: life as a full time entrepreneur. Yeah. I feel like

551
00:25:40,200 --> 00:25:43,280
Speaker 1: sometimes when you're building a business, it's it's like constantly

552
00:25:43,320 --> 00:25:45,239
Speaker 1: humming in the back of your head sometimes like the

553
00:25:45,280 --> 00:25:46,920
Speaker 1: things that that you want to do, the things you

554
00:25:46,920 --> 00:25:48,520
Speaker 1: want to accomplish, or you just get a random light

555
00:25:48,520 --> 00:25:50,760
Speaker 1: bulb idea in the shower, and then you got like

556
00:25:50,800 --> 00:25:54,600
Speaker 1: you're just like ruminating on it for for hours like um,

557
00:25:54,800 --> 00:25:57,760
Speaker 1: even sometimes when you're not actually working, like it is

558
00:25:57,760 --> 00:26:00,399
Speaker 1: there in the background, and and sometimes it's just especially

559
00:26:00,400 --> 00:26:02,320
Speaker 1: when you're doing something you love, it's because you're excited

560
00:26:02,320 --> 00:26:04,960
Speaker 1: about it. So I totally understand that, rashand I don't

561
00:26:04,960 --> 00:26:06,120
Speaker 1: want to ask you something else. I want to ask

562
00:26:06,160 --> 00:26:09,240
Speaker 1: you about investing. Um, what's your take on like buy

563
00:26:09,280 --> 00:26:12,919
Speaker 1: and hold investing versus making short term bets? In your opinion,

564
00:26:13,000 --> 00:26:15,040
Speaker 1: is their room for people to take like a both

565
00:26:15,280 --> 00:26:17,960
Speaker 1: and approach? Um? I think sometimes you know, Matt and

566
00:26:17,960 --> 00:26:20,440
Speaker 1: I were partial to the to the buy hold strategy,

567
00:26:20,520 --> 00:26:23,840
Speaker 1: but you know, some people are wanting to get into

568
00:26:23,880 --> 00:26:27,000
Speaker 1: investing and they kind of want to see how something

569
00:26:27,080 --> 00:26:29,679
Speaker 1: performs for a year or two. Like, Yeah, what's your

570
00:26:29,680 --> 00:26:32,440
Speaker 1: take on long term versus short term? Yeah? I mean,

571
00:26:32,440 --> 00:26:34,840
Speaker 1: I think a long term is the easiest, the safest,

572
00:26:34,840 --> 00:26:36,600
Speaker 1: and I'm probably the most efficient way to do it,

573
00:26:36,680 --> 00:26:39,239
Speaker 1: especially if you're not experienced or if you don't have

574
00:26:39,280 --> 00:26:41,399
Speaker 1: a lot of time to dedicate. But it's not the

575
00:26:41,480 --> 00:26:43,719
Speaker 1: only way for sure you can make money. You know,

576
00:26:44,240 --> 00:26:46,320
Speaker 1: short term as far as you know, as short as

577
00:26:46,400 --> 00:26:50,520
Speaker 1: day trading or swing trading or you know, leave options.

578
00:26:50,560 --> 00:26:55,440
Speaker 1: So I personally I don't day trade, I don't swing trade,

579
00:26:55,480 --> 00:26:58,119
Speaker 1: but you know, we do do options, so that's not

580
00:26:58,200 --> 00:27:00,679
Speaker 1: really long term. Probably a long is that we'll do

581
00:27:00,720 --> 00:27:03,639
Speaker 1: a player option is two years, maybe three years if

582
00:27:03,760 --> 00:27:06,119
Speaker 1: if the option changes, really has extended for that period

583
00:27:06,119 --> 00:27:09,639
Speaker 1: of time. But once again, I feel like the long

584
00:27:09,760 --> 00:27:14,560
Speaker 1: term is definitely something that should be the cornerstone of

585
00:27:14,680 --> 00:27:17,800
Speaker 1: your investment portfolio. So if you want to diversify, in

586
00:27:17,840 --> 00:27:20,800
Speaker 1: my opinion, if you want to have let's say fifty

587
00:27:21,160 --> 00:27:24,960
Speaker 1: of your portfolio and long term twenty five percent options

588
00:27:25,000 --> 00:27:29,440
Speaker 1: twenty you know, in short term crypto a bunch of other,

589
00:27:29,720 --> 00:27:32,440
Speaker 1: you know, asset classes. I don't think there's anything wrong

590
00:27:32,480 --> 00:27:35,639
Speaker 1: with that. But even in crypto, our long term holes

591
00:27:35,640 --> 00:27:38,240
Speaker 1: and they're paying off because crypto is going back up again.

592
00:27:38,320 --> 00:27:40,600
Speaker 1: So all the coins that we have from two thousand

593
00:27:40,640 --> 00:27:43,600
Speaker 1: and seventeen, which you know it was looking very bleak

594
00:27:43,640 --> 00:27:49,760
Speaker 1: a couple of years ago, they're all all coming back

595
00:27:49,840 --> 00:27:52,679
Speaker 1: up now. So long term is definitely the key to

596
00:27:52,760 --> 00:27:57,119
Speaker 1: wealth the easiest way, in the most efficient way, And

597
00:27:57,440 --> 00:28:00,399
Speaker 1: I think the beginning point for anybody to start with.

598
00:28:00,560 --> 00:28:04,680
Speaker 1: But um, you know, you definitely can can play more

599
00:28:04,760 --> 00:28:08,160
Speaker 1: shorter positions, but you just have to be extremely knowledgeable

600
00:28:08,480 --> 00:28:12,080
Speaker 1: and not take too much risk and not over levelge

601
00:28:12,080 --> 00:28:16,320
Speaker 1: yourself because obviously the shorter the positions, the more about

602
00:28:16,400 --> 00:28:19,159
Speaker 1: and the more risk that's evolved. And be careful with

603
00:28:19,160 --> 00:28:21,960
Speaker 1: those margins we have doing them short term place right.

604
00:28:23,080 --> 00:28:24,840
Speaker 1: I'm sure you guys right about now too, or yeah,

605
00:28:24,840 --> 00:28:27,040
Speaker 1: you're you're feeling pretty good about that crypto, but you're

606
00:28:27,040 --> 00:28:29,000
Speaker 1: probably feeling pretty good about your Theoryum right now after

607
00:28:29,000 --> 00:28:32,880
Speaker 1: a shot shot recently Troit like you said too, We've

608
00:28:32,880 --> 00:28:35,200
Speaker 1: heard you say that, uh, how you like to treat

609
00:28:35,200 --> 00:28:38,320
Speaker 1: every dollar like a worker, which really stood out. I

610
00:28:38,560 --> 00:28:40,600
Speaker 1: just kind of like the philosophy behind that. But can

611
00:28:40,640 --> 00:28:42,479
Speaker 1: you just explain that a little bit, kind of talk

612
00:28:42,520 --> 00:28:46,200
Speaker 1: about that mindset. Yeah, I mean it goes it comes

613
00:28:46,200 --> 00:28:49,240
Speaker 1: down to having a savings account. Right, We've had savings account.

614
00:28:49,280 --> 00:28:51,760
Speaker 1: We've been talking for so long, especially for my parents.

615
00:28:51,960 --> 00:28:53,400
Speaker 1: Save your money in the bank, Save your money in

616
00:28:53,440 --> 00:28:56,040
Speaker 1: the bank, and um, if anybody knows money, you know

617
00:28:56,120 --> 00:28:59,280
Speaker 1: that the bank doesn't. You don't really appreciate when it

618
00:28:59,320 --> 00:29:01,040
Speaker 1: sits in the bank, right, and so we have to

619
00:29:01,040 --> 00:29:02,560
Speaker 1: work hard for our money, so we might as well

620
00:29:02,560 --> 00:29:04,120
Speaker 1: have our money work hard for us. And so I

621
00:29:04,200 --> 00:29:06,160
Speaker 1: like to just allocate a certain amount of money to

622
00:29:06,200 --> 00:29:09,600
Speaker 1: invest every single month, all right. So like if I

623
00:29:09,840 --> 00:29:12,000
Speaker 1: made a let's say I made ten thousand dollars, I

624
00:29:12,080 --> 00:29:14,959
Speaker 1: might say six that it is going to my investment, right,

625
00:29:15,720 --> 00:29:19,760
Speaker 1: goes to goes to savings for my children and a

626
00:29:20,120 --> 00:29:24,040
Speaker 1: constudio account, and might go to uh, my wife in

627
00:29:24,120 --> 00:29:27,120
Speaker 1: any house expenses. And so we allocate percentages like that

628
00:29:27,760 --> 00:29:29,840
Speaker 1: because we can't have money just sitting like it's cool

629
00:29:29,840 --> 00:29:31,800
Speaker 1: to have a certain amount of savings, but after a

630
00:29:31,840 --> 00:29:34,640
Speaker 1: certain points, like the bank's gonna use that money anyway,

631
00:29:34,800 --> 00:29:37,080
Speaker 1: like we had we ran into that situation like last

632
00:29:37,080 --> 00:29:40,840
Speaker 1: weekend when we needed capital. We have to give the

633
00:29:40,840 --> 00:29:42,760
Speaker 1: the Bank of Advanced notice and it's like, this doesn't

634
00:29:42,760 --> 00:29:45,200
Speaker 1: even make sense. They're gonna be they're using it for

635
00:29:45,200 --> 00:29:46,760
Speaker 1: their advantage. We have to use it for us. So

636
00:29:47,120 --> 00:29:48,560
Speaker 1: every dollar that we make, we have to treat it

637
00:29:48,640 --> 00:29:50,160
Speaker 1: like a worker and it has to go out and

638
00:29:50,200 --> 00:29:52,640
Speaker 1: make some more. We gotta get more workers there. You go,

639
00:29:52,720 --> 00:29:54,880
Speaker 1: get more workers, put them to work, and you know,

640
00:29:55,160 --> 00:29:57,520
Speaker 1: just keep them asking right now, like what we're equal

641
00:29:57,520 --> 00:30:03,920
Speaker 1: opportunity employers. That's awesome. Are all money is welcome? Yeah, exactly,

642
00:30:04,000 --> 00:30:06,200
Speaker 1: all money welcome here. All right, Well, we got just

643
00:30:06,240 --> 00:30:07,960
Speaker 1: a few more questions to get to with you guys,

644
00:30:08,200 --> 00:30:10,680
Speaker 1: including we want to talk about business you actually talked

645
00:30:10,680 --> 00:30:13,920
Speaker 1: about like interviewing someone who had like a successful trucking business.

646
00:30:13,960 --> 00:30:15,880
Speaker 1: I'd love to talk more about that, and just other

647
00:30:16,200 --> 00:30:18,560
Speaker 1: business ventures. Will get into some of those questions right

648
00:30:18,600 --> 00:30:29,920
Speaker 1: after this break. All right, we're back. We're talking with

649
00:30:30,120 --> 00:30:33,680
Speaker 1: Rashot and Troy, the fellows behind Earn your Leisure and

650
00:30:33,800 --> 00:30:36,080
Speaker 1: uh and guys on your show. Every week you're talking

651
00:30:36,120 --> 00:30:39,280
Speaker 1: with an entrepreneur, right who seems to be essentially paving

652
00:30:39,320 --> 00:30:42,320
Speaker 1: their own path oftentimes you know, it's in the sports,

653
00:30:42,320 --> 00:30:45,120
Speaker 1: it's in the entertainment industries. Are you seeing any career

654
00:30:45,200 --> 00:30:49,200
Speaker 1: trends that look to be like consistently working out for

655
00:30:49,200 --> 00:30:51,280
Speaker 1: for your guests or or actually even for your listeners

656
00:30:51,520 --> 00:30:56,240
Speaker 1: who you might hear from. Well, we've actually been uh

657
00:30:56,320 --> 00:30:59,600
Speaker 1: dedicating most of our time the last six months and

658
00:30:59,680 --> 00:31:04,320
Speaker 1: so in stocks. So a lot of people have like

659
00:31:04,680 --> 00:31:08,320
Speaker 1: it's been a windfall of people that's interested in stocks,

660
00:31:08,800 --> 00:31:11,640
Speaker 1: that's something that's something that um, you know, most people

661
00:31:11,680 --> 00:31:13,560
Speaker 1: are interested in. But as far as something that has

662
00:31:13,600 --> 00:31:16,880
Speaker 1: been working for the business owners, I would say systems.

663
00:31:16,960 --> 00:31:19,720
Speaker 1: The business owners that we that we have seen that

664
00:31:19,840 --> 00:31:22,440
Speaker 1: are the most successful that have come on our platform,

665
00:31:22,520 --> 00:31:25,240
Speaker 1: the one common theme that they have UM in common

666
00:31:25,320 --> 00:31:28,680
Speaker 1: is that they all have extremely efficient systems in place

667
00:31:29,200 --> 00:31:32,840
Speaker 1: that doesn't inquire require them to actually physically be there.

668
00:31:33,360 --> 00:31:37,959
Speaker 1: And um, they all have very strong staff um that

669
00:31:38,000 --> 00:31:40,760
Speaker 1: they've incorporated. So you know, I think that's something that

670
00:31:40,800 --> 00:31:42,920
Speaker 1: you know, a lot of times as entrepreneurs, we try

671
00:31:42,960 --> 00:31:45,640
Speaker 1: to do every single thing ourselves, and you can only

672
00:31:45,680 --> 00:31:48,480
Speaker 1: go so far. Um if you are running a one

673
00:31:48,520 --> 00:31:51,480
Speaker 1: man show, and um, you know, reinvesting in your business

674
00:31:51,480 --> 00:31:54,040
Speaker 1: and you know, taking that money to invest in other

675
00:31:54,040 --> 00:31:56,080
Speaker 1: people is probably the best investment that you can actually

676
00:31:56,120 --> 00:31:58,680
Speaker 1: make because now that actually allows you to not only

677
00:31:58,680 --> 00:32:00,640
Speaker 1: free up time, but to scale the business at a

678
00:32:00,760 --> 00:32:03,640
Speaker 1: much quicker rate than you would if you you know,

679
00:32:03,800 --> 00:32:06,960
Speaker 1: still trying to do everything with one person. So those

680
00:32:07,000 --> 00:32:09,800
Speaker 1: are something that we learned and even from our personal journey.

681
00:32:09,880 --> 00:32:12,200
Speaker 1: You know, the more um, the bigger that we get,

682
00:32:12,280 --> 00:32:15,320
Speaker 1: the more we bring on. As far as employees, workers,

683
00:32:15,320 --> 00:32:19,080
Speaker 1: helpers and it helps a lot. Not like I said,

684
00:32:19,080 --> 00:32:21,080
Speaker 1: not only from just a mental standpoint, I haven't do

685
00:32:21,120 --> 00:32:24,120
Speaker 1: everything yourself, but as you have more time freed up,

686
00:32:24,160 --> 00:32:26,960
Speaker 1: you can focus on things that are most important to

687
00:32:27,040 --> 00:32:30,120
Speaker 1: generate revenue, to bring more revenue in, and you don't

688
00:32:30,120 --> 00:32:32,520
Speaker 1: have to worry about, you know, the low hanging fruit,

689
00:32:33,080 --> 00:32:36,200
Speaker 1: things that can just walk down your attention in your time.

690
00:32:36,520 --> 00:32:38,680
Speaker 1: And another thing that that a lot of the guests

691
00:32:38,680 --> 00:32:42,240
Speaker 1: who come on who are driving in business, a characteristic

692
00:32:42,240 --> 00:32:44,680
Speaker 1: that they have is that they're they're consistent, like they're

693
00:32:44,720 --> 00:32:46,800
Speaker 1: always trying to grow, they're always trying to promote themselves,

694
00:32:46,800 --> 00:32:49,720
Speaker 1: always trying to get better, and their fearless, right like

695
00:32:49,880 --> 00:32:52,760
Speaker 1: they they've they've come through trials and tribulations, they made

696
00:32:52,800 --> 00:32:54,640
Speaker 1: mistakes and they kind of look forward to it so

697
00:32:54,640 --> 00:32:56,640
Speaker 1: they can get them out the way. And what they

698
00:32:56,680 --> 00:32:58,600
Speaker 1: do with the mistis is that they tell everybody that

699
00:32:58,600 --> 00:33:01,400
Speaker 1: they made them and that you can learn from these

700
00:33:01,400 --> 00:33:04,239
Speaker 1: so you can become better. And that's something that's really encouraging, right,

701
00:33:04,280 --> 00:33:06,600
Speaker 1: Like they're making the mistakes so that we don't have

702
00:33:06,640 --> 00:33:09,120
Speaker 1: to and we don't see that too often. And it's

703
00:33:09,120 --> 00:33:11,400
Speaker 1: a generational shift now that that a lot of people

704
00:33:11,440 --> 00:33:13,640
Speaker 1: who have come on our platform are doing it because

705
00:33:13,720 --> 00:33:15,960
Speaker 1: it saves a lot of time and money for the

706
00:33:15,960 --> 00:33:17,640
Speaker 1: people who are listening and the people are trying to

707
00:33:17,680 --> 00:33:19,880
Speaker 1: execute on the information. So those are Those are another

708
00:33:19,920 --> 00:33:21,640
Speaker 1: two things that we've seen a lot of the successful

709
00:33:21,800 --> 00:33:24,200
Speaker 1: people that have come on ROCHET. One of the things

710
00:33:24,200 --> 00:33:26,480
Speaker 1: you said was that you've been talking more about stocks

711
00:33:26,480 --> 00:33:28,280
Speaker 1: over the last six months. I saw the stat that

712
00:33:28,480 --> 00:33:31,120
Speaker 1: apparently more money has flowed in the stock market in

713
00:33:31,160 --> 00:33:34,880
Speaker 1: the past five months than over the prior twelve years.

714
00:33:35,080 --> 00:33:37,959
Speaker 1: It's just this like fascinating thing where, Yeah, everyone's kind

715
00:33:37,960 --> 00:33:40,360
Speaker 1: of obsessed with the stock market right now. Do you

716
00:33:40,400 --> 00:33:42,920
Speaker 1: think there's any downside to that? Like, is is there

717
00:33:42,960 --> 00:33:45,760
Speaker 1: maybe UM too much interest when it comes to investing.

718
00:33:45,800 --> 00:33:48,240
Speaker 1: Are are some of the people who are kind of,

719
00:33:48,600 --> 00:33:51,400
Speaker 1: you know, newly getting into thinking about the stock market.

720
00:33:51,440 --> 00:33:53,719
Speaker 1: Do you feel like there's you know, room for some

721
00:33:53,760 --> 00:33:56,280
Speaker 1: of them to get taking advantage of UM based on

722
00:33:56,360 --> 00:33:58,840
Speaker 1: kind of the way things are right now. Yeah, definitely,

723
00:33:58,920 --> 00:34:01,560
Speaker 1: especially you know, going back to our conversation about short

724
00:34:01,640 --> 00:34:03,440
Speaker 1: term situations. A lot of times a lot of people

725
00:34:03,440 --> 00:34:07,480
Speaker 1: are getting hurt with short term option plays or day

726
00:34:07,480 --> 00:34:10,600
Speaker 1: trading or you know, investing in crypto without actually knowing

727
00:34:10,680 --> 00:34:14,120
Speaker 1: what they're actually doing. So definitely definitely. I think that,

728
00:34:14,160 --> 00:34:16,080
Speaker 1: you know, it's important before you do anything to be

729
00:34:16,080 --> 00:34:19,080
Speaker 1: fully educated and understand what you're doing. And uh, you know,

730
00:34:19,120 --> 00:34:21,520
Speaker 1: it's not Vegas, it's not just the slot machine, but

731
00:34:22,200 --> 00:34:24,719
Speaker 1: investing can be synonymous with gambling if you're coming with

732
00:34:24,719 --> 00:34:28,200
Speaker 1: a gambler's mentality. So definitely, definitely. I mean, you know,

733
00:34:28,239 --> 00:34:30,920
Speaker 1: there's unfortunate stories, even with Robin Hood, you know, men

734
00:34:30,960 --> 00:34:34,279
Speaker 1: like that, you know, committed suicide offer off of that

735
00:34:34,480 --> 00:34:37,200
Speaker 1: UM option trade. There was actually a mistake, but he

736
00:34:37,239 --> 00:34:39,439
Speaker 1: thought that he was down like seven hundred fifty dollars

737
00:34:39,520 --> 00:34:43,000
Speaker 1: and so yeah, there there's been a lot of unfortunate stories.

738
00:34:43,040 --> 00:34:45,880
Speaker 1: A lot of people have lost money, and um, I

739
00:34:45,920 --> 00:34:49,560
Speaker 1: guess that's just part of it, unfortunately. But definitely it's

740
00:34:49,640 --> 00:34:53,600
Speaker 1: encouraging to see so many people that are interested in

741
00:34:53,640 --> 00:34:56,120
Speaker 1: it and coming into space. But like all things, there's

742
00:34:56,160 --> 00:34:58,640
Speaker 1: always you know, negative size of it, So I guess

743
00:34:58,680 --> 00:35:00,440
Speaker 1: that would be the one negative side that you know,

744
00:35:00,560 --> 00:35:04,239
Speaker 1: some people are um going a little bit you know

745
00:35:04,320 --> 00:35:08,440
Speaker 1: aheaded himself, jumping into things that they aren't fully knowledgeable of,

746
00:35:08,719 --> 00:35:12,160
Speaker 1: and um, yet hurting themselves financially. I like that both

747
00:35:12,160 --> 00:35:15,000
Speaker 1: of you all focused on things that anybody can implement.

748
00:35:15,040 --> 00:35:16,640
Speaker 1: I was kind of hoping that you would say something like,

749
00:35:16,680 --> 00:35:18,960
Speaker 1: all right, being an agent, like that's the new thing

750
00:35:19,600 --> 00:35:22,200
Speaker 1: as far as a career or an industry. But I

751
00:35:22,320 --> 00:35:25,359
Speaker 1: like that y'all focused on things here that regardless of

752
00:35:25,600 --> 00:35:28,239
Speaker 1: whether you you know, are a wage earner, you know,

753
00:35:28,239 --> 00:35:30,399
Speaker 1: whether you work for somebody else or if you're looking

754
00:35:30,400 --> 00:35:32,160
Speaker 1: to start your own thing, these are are things that

755
00:35:32,200 --> 00:35:34,879
Speaker 1: you can do. Uh, there's processes that we can set

756
00:35:34,920 --> 00:35:36,719
Speaker 1: up in our own lives when it comes to our

757
00:35:36,719 --> 00:35:40,120
Speaker 1: personal finances as well, you know, speaking of business, Like,

758
00:35:40,160 --> 00:35:42,960
Speaker 1: I consider myself an entrepreneur, right, I feel like that

759
00:35:43,000 --> 00:35:46,319
Speaker 1: I'm fairly risk tolerant, but you know, listening to a

760
00:35:46,360 --> 00:35:48,520
Speaker 1: few year guests on your show, like it makes me

761
00:35:48,560 --> 00:35:52,680
Speaker 1: realize and I'm actually pretty conservative with my ventures. So, like,

762
00:35:52,719 --> 00:35:54,319
Speaker 1: what advice do you have for folks who are out

763
00:35:54,320 --> 00:35:57,080
Speaker 1: there They've got an idea, uh, they're thinking about starting

764
00:35:57,120 --> 00:35:59,600
Speaker 1: their own business, but they kind of need I don't know,

765
00:35:59,680 --> 00:36:01,160
Speaker 1: like they've like they need to like a little push

766
00:36:01,160 --> 00:36:02,759
Speaker 1: out the door or a little kick in the butt. Like,

767
00:36:02,840 --> 00:36:05,399
Speaker 1: what advice would you give us folks when it comes

768
00:36:05,440 --> 00:36:08,000
Speaker 1: to setting out on the round, if you can find

769
00:36:08,000 --> 00:36:10,359
Speaker 1: a mentor, that's always great because you know, I'm mental,

770
00:36:10,640 --> 00:36:14,080
Speaker 1: will stop you from making a bunch of mistakes that, um,

771
00:36:14,160 --> 00:36:15,560
Speaker 1: you will make on your own if you if you're

772
00:36:15,560 --> 00:36:17,360
Speaker 1: just trying to figure it out. So even if you

773
00:36:17,400 --> 00:36:20,520
Speaker 1: have to pay for mentorship, UM, that's something that I

774
00:36:20,560 --> 00:36:23,960
Speaker 1: think most people should consider. If not, um, well even

775
00:36:23,960 --> 00:36:27,920
Speaker 1: if you do, but definitely if not, research, research, research,

776
00:36:27,960 --> 00:36:30,239
Speaker 1: and get as much information as you possibly can. Is

777
00:36:30,600 --> 00:36:32,759
Speaker 1: so much information on pretty much anything that you want

778
00:36:32,760 --> 00:36:38,759
Speaker 1: to learn now online um, Google, YouTube, books, etcetera. So

779
00:36:38,920 --> 00:36:41,120
Speaker 1: you know, really really become an expert in your area,

780
00:36:41,200 --> 00:36:43,640
Speaker 1: not just okay, I like foods, I'm gonna open a restaurant,

781
00:36:43,640 --> 00:36:46,320
Speaker 1: Like you have to understand what you know food costs.

782
00:36:46,520 --> 00:36:49,360
Speaker 1: You have to understand you know hours of operation, the

783
00:36:50,520 --> 00:36:54,359
Speaker 1: label laws in your state, and you know electricity and

784
00:36:54,680 --> 00:36:57,320
Speaker 1: all of these different peak hours that people come to restaurants,

785
00:36:57,320 --> 00:36:59,120
Speaker 1: and what days you should be closed, what data should

786
00:36:59,120 --> 00:37:01,400
Speaker 1: be open, all of these things to you know, something

787
00:37:01,400 --> 00:37:03,520
Speaker 1: that most people don't think about. And one of the

788
00:37:03,520 --> 00:37:05,879
Speaker 1: reasons why our most businesses failed because people just open

789
00:37:05,920 --> 00:37:07,600
Speaker 1: the business because they have a passion for something or

790
00:37:07,600 --> 00:37:09,720
Speaker 1: they want to do something. But you know, the passion

791
00:37:09,800 --> 00:37:12,200
Speaker 1: is only a small part of actually running a business.

792
00:37:12,239 --> 00:37:15,319
Speaker 1: The more important part is actually understanding the numbers and

793
00:37:15,400 --> 00:37:18,400
Speaker 1: understanding the business model behind it. So these are things

794
00:37:18,440 --> 00:37:20,680
Speaker 1: that like I said, I mean, you can educate yourself

795
00:37:20,800 --> 00:37:23,440
Speaker 1: or you can get educated by somebody else that has

796
00:37:23,480 --> 00:37:27,560
Speaker 1: already made the mistakes. Um. But either way, education is

797
00:37:27,600 --> 00:37:31,600
Speaker 1: extremely important and um probably the first step that anybody

798
00:37:31,640 --> 00:37:34,760
Speaker 1: should take before going out and starting a business. And

799
00:37:35,120 --> 00:37:37,840
Speaker 1: in addition to that, I would say, don't wait for

800
00:37:37,880 --> 00:37:39,560
Speaker 1: a perfect time. A lot of times what we get

801
00:37:39,600 --> 00:37:41,120
Speaker 1: caught up and saying I have to have this, I

802
00:37:41,120 --> 00:37:44,000
Speaker 1: have to have that before I can start. The first

803
00:37:44,000 --> 00:37:47,839
Speaker 1: thing is like what he said, getting started, Man, jump

804
00:37:47,880 --> 00:37:50,200
Speaker 1: up the porch. Right, You'll learn as you go. The

805
00:37:50,239 --> 00:37:52,160
Speaker 1: mistakes are gonna happen, but that's part of the process,

806
00:37:52,360 --> 00:37:54,760
Speaker 1: and that's part of the journey. Right, That's the beautiful

807
00:37:54,800 --> 00:37:56,520
Speaker 1: part of it, is that you're gonna learn, and as

808
00:37:56,520 --> 00:37:58,640
Speaker 1: you learn, your grown. Another thing I would I would

809
00:37:58,640 --> 00:38:01,840
Speaker 1: add is the network of us. Right. You may not

810
00:38:02,120 --> 00:38:06,400
Speaker 1: have the best uh personnel when you start, but if

811
00:38:06,440 --> 00:38:08,600
Speaker 1: you look across and you might find somebody that you know,

812
00:38:08,719 --> 00:38:10,480
Speaker 1: that can do some of the skills that you need.

813
00:38:10,520 --> 00:38:12,320
Speaker 1: In that way, you don't have to hire somebody and

814
00:38:12,440 --> 00:38:15,399
Speaker 1: expensive rate. There's people are around you dead that are great,

815
00:38:15,520 --> 00:38:18,800
Speaker 1: and so use those resources while you have them. This conversation,

816
00:38:18,800 --> 00:38:21,360
Speaker 1: it kind of makes me think, actually, I heard I

817
00:38:21,400 --> 00:38:23,319
Speaker 1: heard one of you guys talk about or both of

818
00:38:23,320 --> 00:38:25,680
Speaker 1: you maybe in an interview, talk about the Atlanta water Boys,

819
00:38:25,880 --> 00:38:27,040
Speaker 1: And that's kind of this thing. You know, Matt and

820
00:38:27,080 --> 00:38:28,279
Speaker 1: I we live in Atlanta, and that was kind of

821
00:38:28,280 --> 00:38:30,120
Speaker 1: this big, big deal there for a few months and

822
00:38:30,320 --> 00:38:33,359
Speaker 1: it's still kind of is in in the news on occasion. Um.

823
00:38:33,400 --> 00:38:36,080
Speaker 1: I feel like basically it was these these young fellas

824
00:38:36,120 --> 00:38:39,279
Speaker 1: who were were selling water at some of the the

825
00:38:39,640 --> 00:38:42,120
Speaker 1: you know places where people would get off the interstate, um,

826
00:38:42,200 --> 00:38:45,360
Speaker 1: and they were getting demonized in the press, and I

827
00:38:45,400 --> 00:38:48,440
Speaker 1: felt like these guys, these kids actually had some gumption

828
00:38:48,640 --> 00:38:52,120
Speaker 1: what really they just needed some direction. But like, in

829
00:38:52,160 --> 00:38:54,719
Speaker 1: your opinion, like, how do we reach kids like that

830
00:38:54,800 --> 00:38:57,440
Speaker 1: who have this entrepreneurial spirit, who have this desire to

831
00:38:57,480 --> 00:38:59,480
Speaker 1: kind of start their own business, but they lacked the

832
00:38:59,560 --> 00:39:02,520
Speaker 1: means to really like funnel it properly. Yeah, I think

833
00:39:02,560 --> 00:39:04,600
Speaker 1: it's um, you know, on the starts on the ground

834
00:39:04,680 --> 00:39:08,319
Speaker 1: level as far as once again, education and you know,

835
00:39:08,760 --> 00:39:10,759
Speaker 1: letting them know that you know, it's good that they

836
00:39:10,760 --> 00:39:13,480
Speaker 1: have the entrepreneur spirit, um, but they just need a

837
00:39:13,480 --> 00:39:16,160
Speaker 1: little bit more you know, season and Um, they just

838
00:39:16,160 --> 00:39:19,960
Speaker 1: need a little bit more you know, coaching and different

839
00:39:20,200 --> 00:39:25,480
Speaker 1: ways to you know, find tune the the spirit that

840
00:39:25,520 --> 00:39:28,359
Speaker 1: they have. As far as entrepreneurship. So mentorship once again,

841
00:39:28,360 --> 00:39:30,959
Speaker 1: that goes back to mentorship. So you know, mentorship works

842
00:39:30,960 --> 00:39:33,160
Speaker 1: in two ways. UM. You know, it's good to seek

843
00:39:33,200 --> 00:39:35,360
Speaker 1: a mentor, but I feel like if you if you

844
00:39:35,440 --> 00:39:37,400
Speaker 1: have some level of knowledge, then it's always good to

845
00:39:37,440 --> 00:39:40,799
Speaker 1: become a mentor as well, because that's especially for young people,

846
00:39:40,880 --> 00:39:43,680
Speaker 1: that's really the best way to learn. I think that's

847
00:39:43,680 --> 00:39:45,439
Speaker 1: the best way to learn period. But like I said,

848
00:39:45,440 --> 00:39:48,120
Speaker 1: young people, especially in the problem is that most people

849
00:39:48,239 --> 00:39:53,480
Speaker 1: don't have mentors. Um, especially you know young men. Um,

850
00:39:53,520 --> 00:39:56,759
Speaker 1: they don't have mentors. So these are programs that I

851
00:39:56,800 --> 00:39:59,280
Speaker 1: think actually should even be implemented on the school level.

852
00:39:59,800 --> 00:40:01,880
Speaker 1: U where you know, you have a successful you know,

853
00:40:01,960 --> 00:40:04,919
Speaker 1: business leader in the community and um, maybe that could

854
00:40:04,960 --> 00:40:06,640
Speaker 1: even be part of a school budget if they don't

855
00:40:06,640 --> 00:40:08,319
Speaker 1: have enough you know, time to do it for free

856
00:40:08,560 --> 00:40:11,280
Speaker 1: where they can come in and actually teach entrepreneurship classes

857
00:40:11,280 --> 00:40:14,040
Speaker 1: and give people that are interested in going down that

858
00:40:14,120 --> 00:40:17,279
Speaker 1: path some guidance. Um. But you know, a lot of

859
00:40:17,320 --> 00:40:19,360
Speaker 1: times we complain about what's going on, but you know

860
00:40:19,440 --> 00:40:21,279
Speaker 1: the best way to solve a problem is to be

861
00:40:21,320 --> 00:40:24,319
Speaker 1: part of the solution. So you know, instead of you know,

862
00:40:24,440 --> 00:40:27,600
Speaker 1: just complaining about it, maybe if you're in the area, UM,

863
00:40:27,719 --> 00:40:31,480
Speaker 1: maybe you can start an internship program, or maybe you can, um,

864
00:40:31,560 --> 00:40:34,120
Speaker 1: you know, encourage the school to change something. And this

865
00:40:33,800 --> 00:40:36,279
Speaker 1: is this goes for any any place in America or

866
00:40:36,280 --> 00:40:38,960
Speaker 1: any place all over the world, especially like I said,

867
00:40:38,960 --> 00:40:41,799
Speaker 1: when you see young people as you know, it's like

868
00:40:41,840 --> 00:40:44,160
Speaker 1: we can complain about them being a problem, but if

869
00:40:44,160 --> 00:40:48,919
Speaker 1: we're not giving them solutions, then we are really the problem. Yeah.

870
00:40:48,960 --> 00:40:51,279
Speaker 1: I think he's one percent, right, I haven't. I mean

871
00:40:51,880 --> 00:40:55,680
Speaker 1: the way they've been portrayed, it's kind of puzzling, right,

872
00:40:55,680 --> 00:40:58,160
Speaker 1: Like do these young men are trying to get money? Um?

873
00:40:58,560 --> 00:41:01,359
Speaker 1: Have they got at the connotation? Yes? But how many

874
00:41:01,360 --> 00:41:03,200
Speaker 1: people have stopped their cars, got out their cars and

875
00:41:03,239 --> 00:41:05,440
Speaker 1: tell them listen, there's a program that I want you

876
00:41:05,480 --> 00:41:07,680
Speaker 1: to come to at this place. Right, have we provide

877
00:41:07,680 --> 00:41:12,200
Speaker 1: resources for these young men to actually get the education right, right,

878
00:41:12,840 --> 00:41:16,319
Speaker 1: I challenge people to do that before they criticize them,

879
00:41:16,400 --> 00:41:18,640
Speaker 1: because if you don't, then they'll be out there for

880
00:41:18,680 --> 00:41:20,560
Speaker 1: the next two or three years. We need to come

881
00:41:20,640 --> 00:41:21,960
Speaker 1: up with a place where they can go, or they

882
00:41:21,960 --> 00:41:24,120
Speaker 1: can learn the education, or somebody can provide them with

883
00:41:24,160 --> 00:41:27,200
Speaker 1: the education to use some of those skills that they have. Right,

884
00:41:27,640 --> 00:41:30,239
Speaker 1: If you ever stopped and talk to these these young men, man,

885
00:41:30,280 --> 00:41:33,359
Speaker 1: they are clever with their speech. They have the gift

886
00:41:33,360 --> 00:41:34,920
Speaker 1: to gap, and so we need to use some of

887
00:41:34,920 --> 00:41:37,560
Speaker 1: those skills and maybe just fine tune them and put

888
00:41:37,600 --> 00:41:40,040
Speaker 1: them in a different medium. Yeah, man, channel those skills.

889
00:41:40,080 --> 00:41:42,400
Speaker 1: It feels like, um, you know, I got criticized or

890
00:41:42,600 --> 00:41:44,759
Speaker 1: I got bad grades sometimes bad marks for talking a

891
00:41:44,840 --> 00:41:47,359
Speaker 1: lot when I was a kid in school and look

892
00:41:47,400 --> 00:41:49,760
Speaker 1: at me now and like look at me now podcast

893
00:41:49,800 --> 00:41:51,600
Speaker 1: hosts right, like, And I was talking to my mom

894
00:41:51,640 --> 00:41:53,239
Speaker 1: about it the other day and she was like, man,

895
00:41:53,320 --> 00:41:54,919
Speaker 1: like some of the teachers the way they would talk

896
00:41:54,960 --> 00:41:57,560
Speaker 1: about you know, like I understand I was probably a

897
00:41:57,560 --> 00:41:59,200
Speaker 1: little bit of a nuisance. But at the same time,

898
00:41:59,320 --> 00:42:02,520
Speaker 1: like there's they're they're like those are things that can

899
00:42:02,560 --> 00:42:05,200
Speaker 1: be channeled into something good, And I feel like the

900
00:42:05,239 --> 00:42:07,280
Speaker 1: same thing is happening with like the Atlanta water Boys,

901
00:42:07,280 --> 00:42:10,759
Speaker 1: Like there is an entrepreneurial spirit, there is this desire

902
00:42:10,920 --> 00:42:16,080
Speaker 1: to to make money through a way that is um

903
00:42:16,160 --> 00:42:18,160
Speaker 1: right now, like it's looked down upon, But I feel

904
00:42:18,200 --> 00:42:21,080
Speaker 1: like there's you know, you get that spark exists and

905
00:42:21,120 --> 00:42:24,239
Speaker 1: it needs to be you know, someone needs to use

906
00:42:24,320 --> 00:42:26,399
Speaker 1: it and harness it. Yeah, and and and help help

907
00:42:26,440 --> 00:42:30,279
Speaker 1: these kids grow that entrepreneurial love and spirit and drive

908
00:42:30,560 --> 00:42:33,200
Speaker 1: as opposed to like squashing it and telling them to

909
00:42:33,320 --> 00:42:35,640
Speaker 1: like stop doing what they're doing. You know. Yeah, yeah,

910
00:42:35,680 --> 00:42:37,120
Speaker 1: I mean I've been on both sides of that coin.

911
00:42:37,200 --> 00:42:39,080
Speaker 1: It's interesting, Like I was a kid that the teachers

912
00:42:39,080 --> 00:42:43,000
Speaker 1: would talk about right, and so I used to remember

913
00:42:43,080 --> 00:42:44,719
Speaker 1: arguing with with my teacher, I'm like, how can you

914
00:42:44,719 --> 00:42:47,400
Speaker 1: take ten points off my final grade because I talked?

915
00:42:47,440 --> 00:42:49,759
Speaker 1: Like I went from a ninety to eight because I

916
00:42:49,800 --> 00:42:52,759
Speaker 1: talked too much, But I'm doing good in class. And

917
00:42:52,800 --> 00:42:55,120
Speaker 1: then to hear teachers talk about students in the sat

918
00:42:55,200 --> 00:42:57,160
Speaker 1: Nanta and what it came down to is that the

919
00:42:57,200 --> 00:42:59,040
Speaker 1: reason that they had these issues because they need to

920
00:42:59,080 --> 00:43:00,879
Speaker 1: see people that look like them and that they could

921
00:43:00,920 --> 00:43:04,480
Speaker 1: resonate with, and they can look up to right and

922
00:43:04,520 --> 00:43:06,279
Speaker 1: they can keep them engaged. And so if you have

923
00:43:06,400 --> 00:43:08,839
Speaker 1: all those things, they'll be ready and willing to learn.

924
00:43:08,880 --> 00:43:10,719
Speaker 1: And I think we can do that. We can do that.

925
00:43:10,920 --> 00:43:12,960
Speaker 1: It is not just Atlanta water Boys. Is any young

926
00:43:13,360 --> 00:43:15,879
Speaker 1: young man and young woman who who lacks a guy

927
00:43:15,920 --> 00:43:18,200
Speaker 1: into last resources. We have to find ways to keep

928
00:43:18,239 --> 00:43:21,040
Speaker 1: them engaged. Um and financial literacy is definitely one of

929
00:43:21,080 --> 00:43:22,799
Speaker 1: those ways, because everybody, at the end of the day

930
00:43:22,800 --> 00:43:24,239
Speaker 1: wants to make money. They just don't know how and

931
00:43:24,280 --> 00:43:26,520
Speaker 1: they don't have the tools or the people around them

932
00:43:26,560 --> 00:43:28,799
Speaker 1: to teach them how to do it. Troy, I like

933
00:43:28,920 --> 00:43:31,120
Speaker 1: that you've done that yourself as a teacher. You know.

934
00:43:31,160 --> 00:43:32,520
Speaker 1: You even kind of going back to the beginning of

935
00:43:32,520 --> 00:43:34,560
Speaker 1: the episode here we talked about you guys are both

936
00:43:34,560 --> 00:43:37,399
Speaker 1: doing that internship as well, and yeah, exactly. I mean,

937
00:43:37,440 --> 00:43:39,480
Speaker 1: and that's a huge part of what we love about

938
00:43:39,520 --> 00:43:41,160
Speaker 1: what we do as well. I mean, we're talking about money,

939
00:43:41,160 --> 00:43:43,919
Speaker 1: We're talking about something that everybody out there needs to hear,

940
00:43:44,239 --> 00:43:45,880
Speaker 1: and if we can present it in a way that

941
00:43:45,960 --> 00:43:47,920
Speaker 1: is able to point folks in the right direction, I mean,

942
00:43:47,960 --> 00:43:50,480
Speaker 1: that's that's good stuff right there. So man, we felas

943
00:43:50,480 --> 00:43:53,520
Speaker 1: we appreciate the conversation and y'all taking the time to

944
00:43:53,640 --> 00:43:56,200
Speaker 1: talk with us. Where can folks hear the podcast working

945
00:43:56,200 --> 00:43:58,719
Speaker 1: folks learn more about you? Yeah, for sure, thank you

946
00:43:58,760 --> 00:44:06,400
Speaker 1: for having us. But earn your legion across all platforms YouTube, Apple, Spotify,

947
00:44:06,640 --> 00:44:08,920
Speaker 1: I Heart, UM. You can listen to the podcast on

948
00:44:08,960 --> 00:44:11,120
Speaker 1: all audio outlets and you can watch you earn your Legion.

949
00:44:11,160 --> 00:44:15,640
Speaker 1: You can follow us on Instagram, Twitter, Facebook, TikTok earn

950
00:44:15,680 --> 00:44:19,120
Speaker 1: your lesia across all platforms and UM, shout out to

951
00:44:19,160 --> 00:44:21,680
Speaker 1: the to the good folks at my Heart for linking

952
00:44:21,760 --> 00:44:24,399
Speaker 1: us with you guys, and keep up the great work

953
00:44:24,480 --> 00:44:27,719
Speaker 1: on your end. Yeah, we are definitely fans of what

954
00:44:27,760 --> 00:44:29,799
Speaker 1: you guys have going on, So it's honor for us

955
00:44:29,840 --> 00:44:31,759
Speaker 1: to be able to be on your platform. And big

956
00:44:31,760 --> 00:44:33,640
Speaker 1: shout out to all of our family over at the

957
00:44:33,640 --> 00:44:37,080
Speaker 1: Black Effect Podcast Network or the podcast that over there.

958
00:44:37,080 --> 00:44:38,879
Speaker 1: Shout out to everybody and know the team over there.

959
00:44:39,520 --> 00:44:42,760
Speaker 1: Awesome dude. Yeah, well I'm glad we're on the same network. Um,

960
00:44:42,760 --> 00:44:45,000
Speaker 1: it's an to get to chat with you guys and

961
00:44:45,000 --> 00:44:46,600
Speaker 1: and hang out for a little bit. So seriously, thanks

962
00:44:46,640 --> 00:44:49,120
Speaker 1: for coming on. We really appreciate it. I appreciate you.

963
00:44:49,360 --> 00:44:51,759
Speaker 1: Thank you. All Right, dude, what a great conversation we

964
00:44:51,840 --> 00:44:54,720
Speaker 1: just had here with Troy and Rashad the fellows behind

965
00:44:54,760 --> 00:44:58,520
Speaker 1: Earn Your Leisure. Uh, fantastic conversation just about personal finances.

966
00:44:58,640 --> 00:45:01,040
Speaker 1: You know they're upbringing like the their history with money,

967
00:45:01,040 --> 00:45:02,759
Speaker 1: but just kind of the things that they're doing now

968
00:45:02,880 --> 00:45:05,240
Speaker 1: as well with with money and specifically on the show.

969
00:45:05,440 --> 00:45:07,120
Speaker 1: I really enjoyed it. But yeah, man, it's time to

970
00:45:07,160 --> 00:45:09,080
Speaker 1: get to our big takeaways from the show. What's something

971
00:45:09,120 --> 00:45:11,040
Speaker 1: that stood out to you? Yeah, there was a lot there.

972
00:45:11,080 --> 00:45:13,239
Speaker 1: There's a lot that I could pick from, but I

973
00:45:13,239 --> 00:45:15,160
Speaker 1: will say I think the thing that stuck out to

974
00:45:15,200 --> 00:45:19,000
Speaker 1: me the most was when Troy said the messenger matters,

975
00:45:19,560 --> 00:45:23,160
Speaker 1: And man, I think that's so true. I think that

976
00:45:23,200 --> 00:45:24,879
Speaker 1: was one of the reasons we started how the money

977
00:45:25,000 --> 00:45:28,239
Speaker 1: was there were a ton of personal finance podcasts out there,

978
00:45:28,600 --> 00:45:31,600
Speaker 1: but it's not like we were way smarter than everyone else.

979
00:45:31,640 --> 00:45:33,520
Speaker 1: We're like, we're going to kill him with knowledge and

980
00:45:33,560 --> 00:45:36,520
Speaker 1: be like, by far the best one. It was like, no,

981
00:45:36,760 --> 00:45:40,320
Speaker 1: our voices matter in this space. And I think Troy

982
00:45:40,360 --> 00:45:43,840
Speaker 1: and Rashad's voices matter so much in in this space too,

983
00:45:44,160 --> 00:45:46,200
Speaker 1: And so I think I think they're right. I mean,

984
00:45:46,200 --> 00:45:49,640
Speaker 1: I think different people can reach different folks based on

985
00:45:49,880 --> 00:45:53,160
Speaker 1: their experiences, based on their personality, based on their approach,

986
00:45:53,560 --> 00:45:56,759
Speaker 1: and so yeah, I love that they started our near

987
00:45:56,880 --> 00:46:00,239
Speaker 1: leisure and and they've gained quite a following for or

988
00:46:00,280 --> 00:46:03,319
Speaker 1: a reason, and it's because their voices, their message. Uh,

989
00:46:03,400 --> 00:46:06,200
Speaker 1: the messengers matter. And so I don't know, man, like,

990
00:46:06,320 --> 00:46:09,600
Speaker 1: that wasn't necessarily some golden personal finance nugget that I

991
00:46:09,640 --> 00:46:12,160
Speaker 1: took away from that conversation, although the worst I'm in there,

992
00:46:12,440 --> 00:46:15,560
Speaker 1: but that, to me was was one of the things

993
00:46:15,600 --> 00:46:17,799
Speaker 1: that that I walked away from that conversation being like, yeah,

994
00:46:17,800 --> 00:46:20,840
Speaker 1: and I'm glad their voices are are a part of

995
00:46:20,840 --> 00:46:24,399
Speaker 1: of the broader personal finance conversation. Now that's so true, dude. Yeah,

996
00:46:24,600 --> 00:46:26,719
Speaker 1: So the my big takeaway was actually it was kind

997
00:46:26,760 --> 00:46:29,960
Speaker 1: of a golden nugget. It was when we're asking about, like,

998
00:46:30,000 --> 00:46:32,600
Speaker 1: what are some lessons some investing advice or techniques or

999
00:46:32,680 --> 00:46:35,480
Speaker 1: ways of thinking about things that they have learned from

1000
00:46:35,480 --> 00:46:37,839
Speaker 1: their guests, right, because as you know as hosts, that's

1001
00:46:37,880 --> 00:46:41,120
Speaker 1: something that we're constantly doing when we do interview folks

1002
00:46:41,200 --> 00:46:43,480
Speaker 1: were learning from them, and they mentioned that one of

1003
00:46:43,480 --> 00:46:46,319
Speaker 1: their guests talked about the four three to one method.

1004
00:46:46,440 --> 00:46:48,319
Speaker 1: And so when it comes to real estate, you know,

1005
00:46:48,520 --> 00:46:51,400
Speaker 1: try to start with a quad plex, right, try to

1006
00:46:51,440 --> 00:46:54,080
Speaker 1: start with the four unit house. If you can't do

1007
00:46:54,120 --> 00:46:56,040
Speaker 1: a four, look to a three, and you know, kind

1008
00:46:56,040 --> 00:46:58,759
Speaker 1: of work your way down. But essentially the reason that

1009
00:46:59,000 --> 00:47:00,719
Speaker 1: you know one is kind of at the end of

1010
00:47:00,719 --> 00:47:03,040
Speaker 1: the list here is that you're reversing the order that

1011
00:47:03,080 --> 00:47:06,920
Speaker 1: most typical Americans approach real estate. They're typically thinking about

1012
00:47:07,000 --> 00:47:09,560
Speaker 1: the things that they want for themselves first. Okay, this

1013
00:47:09,600 --> 00:47:11,920
Speaker 1: is gonna be from my family, my house. Let's look

1014
00:47:11,960 --> 00:47:14,720
Speaker 1: at that single family home that's the one, and instead,

1015
00:47:15,200 --> 00:47:17,960
Speaker 1: basically by flipping that and turning it upside down, they're

1016
00:47:17,960 --> 00:47:21,359
Speaker 1: putting investing first. And so it's a re prioritization of

1017
00:47:21,480 --> 00:47:24,560
Speaker 1: where your money should go. So focus less on consumption,

1018
00:47:24,640 --> 00:47:27,319
Speaker 1: because folks will say that, oh, my my house is

1019
00:47:27,480 --> 00:47:31,840
Speaker 1: an investment, right, it's not quite the investment that investments. Yeah,

1020
00:47:31,880 --> 00:47:33,880
Speaker 1: that that investing in the stock market or investing in

1021
00:47:33,920 --> 00:47:36,840
Speaker 1: a rental property. Uh, in particular, you know triplex or

1022
00:47:36,880 --> 00:47:39,399
Speaker 1: a quadplex that that would be able to bring to you.

1023
00:47:39,440 --> 00:47:41,480
Speaker 1: And so at the core of that message that at

1024
00:47:41,480 --> 00:47:44,280
Speaker 1: the core of four three two one is re prioritizing

1025
00:47:44,560 --> 00:47:47,520
Speaker 1: your money and making sure that you're investing first, and

1026
00:47:47,520 --> 00:47:49,480
Speaker 1: then after that you will be able to more easily

1027
00:47:49,920 --> 00:47:52,319
Speaker 1: accomplish some of the more lifestyle goals that you might

1028
00:47:52,320 --> 00:47:55,040
Speaker 1: have for yourself. Personally, I agreed, man, I was thinking

1029
00:47:55,040 --> 00:47:57,040
Speaker 1: house hacking when they were talking about that. That's you know,

1030
00:47:57,040 --> 00:47:58,600
Speaker 1: We've talked about on the show quite a bit, but

1031
00:47:58,719 --> 00:48:00,440
Speaker 1: I've never heard it put quite like that either, And

1032
00:48:00,480 --> 00:48:03,000
Speaker 1: I love that as a house packing strategy. The four

1033
00:48:03,120 --> 00:48:06,080
Speaker 1: three two one. Over time, you'll finally accomplish the goal

1034
00:48:06,120 --> 00:48:08,000
Speaker 1: of being able to live in a single family home

1035
00:48:08,280 --> 00:48:10,560
Speaker 1: that you love. She's gonna take a little time, but

1036
00:48:10,840 --> 00:48:13,800
Speaker 1: by the time you get there easily be able to afford,

1037
00:48:14,080 --> 00:48:16,359
Speaker 1: which is which is nice. It feels nice as opposed to,

1038
00:48:16,560 --> 00:48:18,560
Speaker 1: you know, barely being able to pay that mortgage, like

1039
00:48:18,600 --> 00:48:20,640
Speaker 1: the like the guys talked about. All right, let's talk

1040
00:48:20,640 --> 00:48:22,120
Speaker 1: about the beer that we had on this episode. This

1041
00:48:22,120 --> 00:48:25,200
Speaker 1: one was called Changes, and the kind folks at Eighth

1042
00:48:25,320 --> 00:48:28,960
Speaker 1: State Brewing gave us these pills nurse to partake in.

1043
00:48:29,320 --> 00:48:31,480
Speaker 1: What were your thoughts on this beer, man, Yeah, thanks

1044
00:48:31,520 --> 00:48:33,439
Speaker 1: to Eighth State. We're actually looking forward to drinking another

1045
00:48:33,440 --> 00:48:35,920
Speaker 1: one of theirs on our Wednesday show. But yeah, this

1046
00:48:35,960 --> 00:48:39,759
Speaker 1: one poured a nice golden, beautiful pills and her like color. Uh.

1047
00:48:39,800 --> 00:48:42,239
Speaker 1: And you know they're emphasizing a couple of hops here.

1048
00:48:42,280 --> 00:48:44,200
Speaker 1: I don't like s A A Z. I don't even

1049
00:48:44,200 --> 00:48:47,400
Speaker 1: know how you say that, says and and nang hops.

1050
00:48:47,480 --> 00:48:50,520
Speaker 1: Don't ask me. Yeah, I know I butchered it, but

1051
00:48:50,560 --> 00:48:52,200
Speaker 1: they've got those here on the label. And I would

1052
00:48:52,239 --> 00:48:54,879
Speaker 1: say this is a hoppier pills and Her. I feel

1053
00:48:54,880 --> 00:48:56,920
Speaker 1: like it almost has kind of like a clove like

1054
00:48:57,120 --> 00:48:59,400
Speaker 1: spice like flavor to it, Like it almost kind of

1055
00:48:59,400 --> 00:49:02,480
Speaker 1: reminds me almost like a Belgian beer to a certain extent.

1056
00:49:02,520 --> 00:49:05,480
Speaker 1: But it's really tasty, really enjoyable. Sometimes pilsners come across,

1057
00:49:05,520 --> 00:49:09,279
Speaker 1: it's just really clean and like very minimalists, you know,

1058
00:49:09,360 --> 00:49:11,320
Speaker 1: like like a picture like what you see on Instagram.

1059
00:49:11,400 --> 00:49:13,120
Speaker 1: When it comes to minimalism, I feel like that's what

1060
00:49:13,160 --> 00:49:14,719
Speaker 1: a lot of the newer pilsners are doing. But this

1061
00:49:14,760 --> 00:49:17,360
Speaker 1: one is like a nice, robust uh pilsner, guests, some

1062
00:49:17,440 --> 00:49:19,440
Speaker 1: nice flavors going on, really enjoyed. It really is packins

1063
00:49:19,480 --> 00:49:21,680
Speaker 1: for flavor and a pilsner, which I agree is is

1064
00:49:21,760 --> 00:49:24,040
Speaker 1: not something that you see super often. You know. We

1065
00:49:24,040 --> 00:49:26,080
Speaker 1: had one the other day that was a very clean,

1066
00:49:26,280 --> 00:49:28,879
Speaker 1: sterile kind of pilsner. But I'm really liking that style now.

1067
00:49:29,080 --> 00:49:31,400
Speaker 1: But but also like, yeah, pilsner with kind of that

1068
00:49:31,480 --> 00:49:33,600
Speaker 1: hop edge going on at the same time kind of

1069
00:49:33,600 --> 00:49:35,400
Speaker 1: gives you the best of both worlds. I think between

1070
00:49:35,400 --> 00:49:37,680
Speaker 1: a pilsner and like a session, I p a more

1071
00:49:37,719 --> 00:49:40,440
Speaker 1: of that hot flavor, but it's still with that like

1072
00:49:40,800 --> 00:49:43,759
Speaker 1: pilsner profile that that makes it easy to drink and

1073
00:49:43,840 --> 00:49:48,600
Speaker 1: Pilsener profile going on. Yeah, pilsner vibe, and especially yeah

1074
00:49:48,719 --> 00:49:51,000
Speaker 1: during these warmer months, like it's nice drink of pills.

1075
00:49:51,239 --> 00:49:53,680
Speaker 1: It feels very thirst quenching, even though I'm pretty sure

1076
00:49:53,719 --> 00:49:55,960
Speaker 1: beer doesn't technically quench your thirst. So it does so

1077
00:49:56,000 --> 00:49:59,560
Speaker 1: it doesn't know, Yeah, it's wet, that's what works, all right,

1078
00:49:59,560 --> 00:50:01,239
Speaker 1: We'll go with yeah. So all right, man, this has

1079
00:50:01,239 --> 00:50:03,200
Speaker 1: been a great episode. Listeners can find our show notes

1080
00:50:03,280 --> 00:50:05,399
Speaker 1: up on our website at how to Money dot com.

1081
00:50:05,440 --> 00:50:08,200
Speaker 1: Will make sure to link to Earn your Leisure to

1082
00:50:08,440 --> 00:50:10,399
Speaker 1: make it a little easier for you guys to find

1083
00:50:10,440 --> 00:50:12,680
Speaker 1: them if you're interested, no doubt. All right, that's gonna

1084
00:50:12,719 --> 00:50:16,279
Speaker 1: do it for this episode. Matt until next time. Best

1085
00:50:16,320 --> 00:50:17,919
Speaker 1: friends out, best friends out,