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Speaker 1: Welcome to Money Making Conversations.

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Speaker 2: It's the show that she has the secrets of success

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Speaker 2: experience firsthand by Marketing and Brandon expert Rashan McDonald. I

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Speaker 2: will know he's giving me advice on many occasions. In in

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Speaker 2: case you didn't notice, I'm not broke. You know, he'll

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Speaker 2: be interviewing celebrity CEOs, entrepreneurs and industry decision make because

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Speaker 2: it's what he likes to do, it's what he likes

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Speaker 2: to share. Now it's time to hear from my man,

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Speaker 2: Rashan McDonald. Money Making Conversations. Here we come.

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Speaker 1: Welcome back to money Making Conversation, Mastercal Lives. I want

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Speaker 1: to make a little side note on my HBCU story.

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Speaker 1: We run that promo in the show every week and

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Speaker 1: it's really really starting to catch on. If you want

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Speaker 1: to see some of the people who've are registered, just

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Speaker 1: go to HBCU College Day dot com. That's HPCU College

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Speaker 1: Day dot com and you'll see how the people. It's

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Speaker 1: a digital library where you can well, it was just

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Speaker 1: like you can go in there where HBCU alumni, HBCU people,

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Speaker 1: students who occurrent need attending HBCUs can see themselves in

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Speaker 1: their history and is something that's never been done before

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Speaker 1: like this. It's called my HBCU story. If you are

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Speaker 1: alumnus or attending a HBCU consenter registering for it. But again,

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Speaker 1: if you want to see how it's laid out, how

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Speaker 1: how the digital library is being kept marketed, please go

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Speaker 1: to HBCU College Day dot com. That's HPCU College Day

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Speaker 1: dot com. Again. The Atlanta Business League will host this

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Speaker 1: seventeen annual Men of Influence Reception and Induction Ceremony celebrating

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Speaker 1: Africanamerican men and they accomplished. That's me, Rashon McNown. I'm

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Speaker 1: one of the men who've accomplished, and I want to

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Speaker 1: thank the Atlanta Business League for considering me to be

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Speaker 1: one of the influencers. That's what it is all about.

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Speaker 1: Men of influence. And one of the great great gentlemen

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Speaker 1: who's being inducted into the Hall of Fame is war

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Speaker 1: done Form, an NFL player, This great guy. I made

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Speaker 1: him a couple of times when I was on some

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Speaker 1: television appearances on Fox five and he was in the

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Speaker 1: dressing room in the green room with me and just

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Speaker 1: very nondescript, just a regular guy who's changing the world.

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Speaker 1: With his positive and overall entrepreneur approach in the community,

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Speaker 1: giving people places to stay so they can have a

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Speaker 1: foundation for success. Now let's give it to business. My guest,

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Speaker 1: he's on the call, and I had him on the

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Speaker 1: show before and it really dealt into chronic pain, mental stress,

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Speaker 1: overcoming the odds. His name is Jackson Dunbar. He triumphed

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Speaker 1: by earning a comfortable living after having lost it all.

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Speaker 1: Dumbbar's committed to creating a new normal life for himself,

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Speaker 1: deliberately focused on his physical health and strength, continued to

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Speaker 1: earn an income while still in chronic pain, and without

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Speaker 1: his knowledge, was teaching himself and possibly the world, a

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Speaker 1: masterclass in survival. And his book he gives a first

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Speaker 1: hand account on how he made money, lost Danty Palce,

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Speaker 1: and thrived in chronic pain in the financial and healthcare world.

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Speaker 1: The one and only Jackson Dunbar who's on the call,

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Speaker 1: still my friend. He's been telling us a story and

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Speaker 1: a very movie story and a very honest story about

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Speaker 1: a day in the life of a person with chronic pain.

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Speaker 1: And even even just listening to that. The model of

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Speaker 1: drugs that is that you have to have to get

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Speaker 1: to a day, A day in the life means you

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Speaker 1: have to have insurance, correct Jackson, Yes.

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Speaker 3: Yes, yes, and what And that was tough because a

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Speaker 3: lot of the med a lot of a lot of

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Speaker 3: the medications that I needed, some were covered, some were not.

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Speaker 3: I was luckier than most that I could pay out

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Speaker 3: of pocket. But now, yeah, now with Obamacare, the subsidies

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Speaker 3: that are given and what you're able to get on

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Speaker 3: the changes are quite good. So now yeah, I'm able

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Speaker 3: to get almost all of the medicines that I need

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Speaker 3: covered by insurance.

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Speaker 1: Now I'm sitting in the house. I'm just pointing an example,

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Speaker 1: somebody sitting in the house. Stock market. I don't even

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Speaker 1: know what's going on with the stock more. I don't

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Speaker 1: even understand the stock market. I don't know those little

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Speaker 1: numbers a little I don't you know. I got a

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Speaker 1: little money. I got about maybe a few thousands of

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Speaker 1: dollars sending the bank. I hear words like compounded ches,

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Speaker 1: I hear stock, I hear all kind of How do

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Speaker 1: I break the financial financial literacy ignorance to get involved? Jackson?

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Speaker 3: Okay, well, I think the first step is to you know,

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Speaker 3: I think the first thing is just go on Google

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Speaker 3: and pretend like you're writing yourself a paper on the

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Speaker 3: stock market, right, can google stock market whatever, and then

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Speaker 3: finally you'll get all this data and write yourself a

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Speaker 3: long letter, a short write paper on how to get

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Speaker 3: into the stock market. And if you do that, what

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Speaker 3: you will find out is that, for the most part,

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Speaker 3: it's all about two things. Number one, what are the

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Speaker 3: current geop with the current geopolitical landscape? And interest rates?

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Speaker 3: And what I mean by that is that the geopolitical landscape,

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Speaker 3: let's say there's a wargo and whatever reason, supply lines

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Speaker 3: of oil have been cut. Well, there's a lack of oil. Hey,

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Speaker 3: what's that going to do to the price of it,

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Speaker 3: especially if there's a wargum. Also, interest rates and interest

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Speaker 3: rates are low, people people are more risky with their money,

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Speaker 3: institutions are more risky with their money. So that means

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Speaker 3: you can you can put money on more speculative investments

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Speaker 3: such as neo some of the crypto based some of

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Speaker 3: the crypto based stocks. But when interest rates go up,

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Speaker 3: typically investors are more cautious. They want more meat and

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Speaker 3: potatoes stocks, stocks that actually do something to make money.

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Speaker 3: So essentially what you want to do is is just

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Speaker 3: look at the current political look at the current market

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Speaker 3: and political landscape. Hey, what industries are making money there?

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Speaker 3: And then look at the interest rates, what interest what

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Speaker 3: interestries and what companies are making money if we have

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Speaker 3: less oil and have higher interest rates. And from there, yeah,

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Speaker 3: you pick the stocks. You pick two or three stocks

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Speaker 3: with a cost base is under twenty dollars because you

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Speaker 3: want to get appreciation. You're not going to get a

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Speaker 3: lot of appreciation getting something that has three digits or more.

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Speaker 3: That's too expensive for me. Most of your money is

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Speaker 3: going to be made between zero and twenty.

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Speaker 1: What if a stock splits, does should you buy in?

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Speaker 4: Then?

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Speaker 3: You know, I think for me, most of the times

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Speaker 3: when the stock split that values over three digits?

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Speaker 1: Okay?

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Speaker 3: Okay? And for me here I have stocks in several categories.

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Speaker 3: You got the fast and the furious, right okay? Yeah?

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Speaker 3: And these stocks, you know, they go up fast and

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Speaker 3: they come down fast. You know a MC Are you

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Speaker 3: a day trader?

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Speaker 1: Are you a day trader? Jackson?

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Speaker 3: Consider myself more of a spot trader.

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Speaker 1: Okay, okay, Because it sounds like they were you seeing

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Speaker 1: stuff going up and down? I mean you you watch it?

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Speaker 3: Yeah, yeah, you can watch it. Watch it. Yeah, yeah,

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Speaker 3: a lot of the specific cryptos themselves. I mean doors Coin. Yeah,

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Speaker 3: that was a great example of a fast and furious.

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Speaker 3: And then you have friends with benefits. Okay, so these

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Speaker 3: are stocks that you wantn't want your mother to buy,

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Speaker 3: but they're good for a good here. Okay, you'll ride

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Speaker 3: the ups and downs of these and what's great about

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Speaker 3: these spots is that they'll go up and then they'll

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Speaker 3: come down. And when they come down, you do put

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Speaker 3: some notes and and what puts. What puts are basically

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Speaker 3: you're betting that the stock's going to go down. They

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Speaker 3: call it short the market.

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Speaker 1: Are you really into it? You're saying all the all

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Speaker 1: the right terminology of a day treat, you know.

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Speaker 3: Yeah, So for me, I focus on friends with benefit stocks.

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Speaker 3: I ride them up, and then when I think they're

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Speaker 3: going down, I shot them and.

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Speaker 1: I well, you know a lot of people say that's

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Speaker 1: dollar cost averaging, right is that is am I using

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Speaker 1: the right terminology? Because that sounds like what you're doing.

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Speaker 3: Well, well, here, I know a lot of folks they

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Speaker 3: dollar cost average, i e. They put so much money

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Speaker 3: in every month and hope to get the power of

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Speaker 3: compound and and things of that nature. Yeah, yeah, I do.

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Speaker 3: I do do that. So much of my so much

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Speaker 3: of my proceeds they go into a kid's account, or

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Speaker 3: they go into here, we have an investing account, and

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Speaker 3: then we have a retirement account. The retirement account is

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Speaker 3: more conservative investments. By that, I need index funds and

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Speaker 3: ets that paid dividends. So that's all we do over there,

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Speaker 3: do a lot of dollar cost Allergen over that because

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Speaker 3: so much money every month out of the risky stock

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Speaker 3: fund goes into that more moderate stock fundon in order

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Speaker 3: to sport.

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Speaker 1: Jackson, I'm never in my life bought a twenty dollars stock.

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Speaker 1: I can't even imagine the research you have to do

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Speaker 1: to buy a twenty dollars stock.

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Speaker 3: Well, you know what, let's see Ribban uh huh again.

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Speaker 3: These guys they have the they have the best electric

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Speaker 3: truck on the planet. Right, what was that nine dollars?

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Speaker 3: During spring break? I loaded my kids accounts up with

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Speaker 3: that because here, Tesla is good, but I want something

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Speaker 3: that's gone twenty thirty, forty X my money, and you're

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Speaker 3: only going to get those with stocks between zero and

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Speaker 3: twenty dollars.

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Speaker 1: I'm being educated, Keep talking, Jack how much educating me.

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Speaker 3: Brother, have you been to the have you ever have

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Speaker 3: you ever read the Motley Fool before?

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Speaker 1: Yes? Yes, A long time been around. Wow, that's been

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Speaker 1: that's been around at least for forty years.

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Speaker 3: Yeah.

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Speaker 1: Yeah.

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Speaker 3: But if you go to fool dot com and just

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Speaker 3: typing best growth stocks under twenty I mean under twenty dollars,

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Speaker 3: you can go into five under ten under twenty for

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Speaker 3: this year. It'll pull you up. It'll pull you up some.

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Speaker 3: Then go over to Y'alluo finance and grab them out

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Speaker 3: and see how and see how they've done. Now you'll

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Speaker 3: see things like Mara, which which is a crypto related stocks,

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Speaker 3: is up four hundred percent. Riot, another crypto really is

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Speaker 3: up four hundred percent this year. Ribbon is up more

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Speaker 3: than two hundred percent. So you're not going to get

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Speaker 3: those sort of returns with some of triple digit and

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Speaker 3: more stocks like Tesla, Chevron and things of that nature.

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Speaker 3: And don't get me wrong, I call those stocks spouses.

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Speaker 3: They're well established, they grow, they pay dividends minimum and

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Speaker 3: they had minimum okay, and they had minimum up and downs.

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Speaker 3: But I startedly. Now I'll have my kids and stuff

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Speaker 3: like that. Because the power of compound compound interest they're

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Speaker 3: younger you are. The more money you make there you go.

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Speaker 3: So if you're starting your kids at fifteen sixteen, by

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Speaker 3: the time they're forty, they're multi millionaires. But for us,

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Speaker 3: you know, we had to pay off student loans, we

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Speaker 3: have to start businesses. We just set up our kids

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Speaker 3: pay for college. We may be starting at fifty. So

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Speaker 3: my question is where can I make the most amount

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Speaker 3: of money if I got maybe fifteen or twenty years

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Speaker 3: to play with, and for me that stocks between zero

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Speaker 3: and twenty dollars.

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Speaker 1: We're talking to Jackson Dunbar and he's educating with Sean McDonald.

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Speaker 1: Hopefully he's educating my audience. For man jum me. You know,

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Speaker 1: he's a he's quiet on the other side of the glass.

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Speaker 3: He's quiet on.

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Speaker 1: Those sidember because I'm Jason Man. It's no way I

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Speaker 1: ever bought even thought of buying a DOOCT. That was

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Speaker 1: like at the twenty dollars they thought in my mind.

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Speaker 1: But then what you said something that was really important

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Speaker 1: before we go to break. You said, treat going into

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Speaker 1: the stock market like a homework assignment, which means you

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Speaker 1: do your research and you have to learn about your product.

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Speaker 1: And by learning about your product. You actually get a

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Speaker 1: clear understanding of the advantages and the disadvantages and the

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Speaker 1: approach of doing business with the stock market stock and

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Speaker 1: so that approach I had never heard. And when I

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Speaker 1: get back, I want to ask you a question about

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Speaker 1: you know, because of that injury that happened, you're living

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Speaker 1: a lifestyle that I'm assuming you not have lived if

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Speaker 1: the injury didn't happen. When we get back, he's going

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Speaker 1: to answer that question. Jackson Dunbar, he's on my show,

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Speaker 1: Money Making Conversations master Class and we're talking about chronic pain,

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Speaker 1: mental health, overcoming the Odds and his book that is

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Speaker 1: really really a life changer, How I Made money, lost

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Speaker 1: ninety pounds and Thrive in Chronic Pain. That is his book.

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Speaker 1: And Jackson Dunbar will be right back.

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Speaker 5: We'll be right back with more Money Making Conversations Masterclass

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Speaker 5: with Rushaun McDonald.

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Speaker 4: HBCUs represent Black Excellence. If you attend or are an

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Speaker 4: alumnus of an HBCU, we want to hear about your story.

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Speaker 4: The My HBCU Story Digital Library will allow current HBCU

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Speaker 4: students and alumni to share their stories. Registration is open

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Speaker 4: to everyone. More information is available at HBCU College Day

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Speaker 4: dot Com. Click my HBCU story. Next, you can upload

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Speaker 4: a photo. The photo can be recent or from when

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Speaker 4: you attended your HBCU. Then share your academic or social

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Speaker 4: experience at your HBCU, which can be your favorite class, hangout, joint,

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Speaker 4: homecoming game, student center, honor, off campus party, greek show,

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Speaker 4: and how attending an hbc you changed your life. We

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Speaker 4: also want to hear stories if you pleasure a fraternity

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Speaker 4: or sorority. The goal is to use your my HBCU

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Speaker 4: story to promote and uplift the HPCU brand. Your HBCU

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Speaker 4: prepared you for success and now we want everyone to

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Speaker 4: read about your black excellence. More information is available at

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Speaker 4: HBCU College day dot Com. You can click my HBCU

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Speaker 4: story to share your story.

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Speaker 5: Now, let's return to Money Making Conversations Masterclass with Rashaun McDonald.

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Speaker 1: I want to thank you everybody for sticking around and

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Speaker 1: listening to the show. You just hold on a lot

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Speaker 1: of different platform podcast series XM on this radio streams

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Speaker 1: worldwide and it's about providing everybody with information. I've learned

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Speaker 1: a lot since I started hosting Money Making Conversation Masterclass,

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Speaker 1: and it's I've learned basically by just shutting up and

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Speaker 1: listening because of the fact that if you know everything

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Speaker 1: while you have a guest on the show talking to him,

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Speaker 1: of the guests I am talking to, that has really

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Speaker 1: educated me a lot, and hope a lot of the

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Speaker 1: audience members who are listening is about overcoming the arts,

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Speaker 1: not self pity, not being your dominant derivative of why

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Speaker 1: you are successful or not successful in that case, because

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Speaker 1: that's where the pity comes in. But more importantly, Jackson

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Speaker 1: Dunbar had an accident that he didn't ask for to

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Speaker 1: change his life, change his family life, change his wife's life,

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Speaker 1: change his lifestyle, and pity, did step in drugs, did

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Speaker 1: step in? Anger? Stepped in three years of that changed

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Speaker 1: his life. And there's a lot of people that care

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Speaker 1: about him and cared about him, and I'm sure he

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Speaker 1: lost some friends along the way too, because one thing

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Speaker 1: you don't want to be is an angry person in

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Speaker 1: a wheelchair. You know who're going to hang around that person?

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Speaker 1: I know I won't, And so you overcame that and

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Speaker 1: now you have a knowledge in the financial industry that's

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Speaker 1: now benefiting your family where you feel you would have

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Speaker 1: been with this knowledge if you would not have had

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Speaker 1: this accident.

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Speaker 3: You know, when I had the accident, as I told you,

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Speaker 3: I own well Met Atlanta. We're a group of child

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Speaker 3: and LANs and psychiatrists. We're black owned, and we closed

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Speaker 3: our biggest deal then. And at that time in my life,

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Speaker 3: I was chasing I was chasing the dollars. My best

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Speaker 3: friend he would be like, every time I call you,

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Speaker 3: you know you're chasing money. And yeah, And I think

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Speaker 3: the accident made me slow down. I gotta say I'm

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Speaker 3: a better father. I'm sure a better husband, and and

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Speaker 3: I think a lot of that was it just And

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Speaker 3: I'm probably a better person too. You know, I thought

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Speaker 3: about things and dollars and cents, profit and losses. You know,

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Speaker 3: I could tell you the profit and loss per patient

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Speaker 3: on anyone coming in and and I lack something and

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Speaker 3: I don't And and now having a walk a mile

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Speaker 3: in someone's shoes, being judged by the color of your skin,

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Speaker 3: having to get treatment but not being able to have

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Speaker 3: the insurance, it's it's, it's it's it's changed me to

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Speaker 3: the point now where I tell people, hey, listen, you

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Speaker 3: know we have a business. But that's only step one.

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Speaker 3: Step two is how do we improve the community that

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Speaker 3: we live in, you know, how do we make enough

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Speaker 3: off of the people that can pay so that we

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Speaker 3: can help some of the people that can. And so

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Speaker 3: now yeah, it's I've I've a more I have a

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Speaker 3: better worldview around people around and yeah, and I don't

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Speaker 3: think I would have had that but for the accident.

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Speaker 3: I'm also the better shape because back then, yeah, I

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Speaker 3: mean I was three fifty at my biggest.

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Speaker 4: Yeah.

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Speaker 3: Yeah, I'm in the two fifties. Now. I swim at

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Speaker 3: the Way Walk of YMCA. I'm also on the board

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Speaker 3: there and I have three way Walk I have three

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Speaker 3: one hundred mile t shirts that I have from swimming.

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Speaker 1: Wow.

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Speaker 3: And I have to say, you know, there is that

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Speaker 3: there's a point where you're in water where you feel

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Speaker 3: like you touch God, God himself and as I feel

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Speaker 3: no pain as soon as I get in water.

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Speaker 1: Wow.

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Speaker 3: So it's a great way to reset to really focused

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Speaker 3: on Okay, I was able to do these six things

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Speaker 3: and three to four hours, how do I kick it

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Speaker 3: up to ten? Okay, And I'll spend my time thinking

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Speaker 3: about that. Uh, let see versus, oh this is what

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Speaker 3: I lost. Blah blah blah blah, blah. So yeah, I'm

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Speaker 3: enjoying life more. Yeah, the pain sucks, forgive my French.

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Speaker 3: But when I look down and I focus on what

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Speaker 3: I've gotten out because of COVID, I would when my

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Speaker 3: accident came and at the biggest with all the drugs,

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Speaker 3: I was three fifty off. My A one C was

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Speaker 3: in eight seven. All my numbers were read. If I

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Speaker 3: had those numbers during COVID, I would have died right right, yeah,

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Speaker 3: because because most black people were men with those cold

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Speaker 3: mobidities during COVID. Yeah, it wasn't pretty. But now my

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Speaker 3: A one C is under six. I'm six to one,

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Speaker 3: about to look like a lumber Jain. For the most part,

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Speaker 3: all my numbers are green in a lot of ways. Yeah,

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Speaker 3: I'm the healthiest I've ever been, and that's because of the.

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Speaker 1: Accident, both mentally and physically.

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Speaker 3: Yes, sir, oh, I love it.

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Speaker 1: I love it. You know when we started this conversation

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Speaker 1: at the top of the show, and the first time

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Speaker 1: you came on the show, I didn't really get a

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Speaker 1: whole picture of the man I'm talking to, and that's

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Speaker 1: Jackson Dunbar. And the first conversation was about the book

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Speaker 1: and we talked about the book. We've talked in and

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Speaker 1: out of the book, but I feel today we basically

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Speaker 1: had a conversation, and that conversation is important because you

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Speaker 1: shared with us knowledge you've shared with us, you know,

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Speaker 1: emotional moments you've shared us with. You know your relationship

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Speaker 1: with your wife, relationship with your daughter, relationship with your family,

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Speaker 1: relationship with your friends. But more importantly, you still care.

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Speaker 1: You know, despite all that pain, you still care. How

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Speaker 1: does one care when it seems like life has delivered

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Speaker 1: you a bad hand.

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Speaker 3: I found out something. We pulled our kids out of

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Speaker 3: private school and we put them in the neighborhood school.

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Speaker 3: I was I would bring my daughter home and she

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Speaker 3: said it was hot. The AC went out, and like

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Speaker 3: how long had it been out? A few days? So

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Speaker 3: I went up to the school and my scooter and

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Speaker 3: just the AC out. They wouldn't give me an answer,

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Speaker 3: so I went I did what any of that would do.

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Speaker 3: I went through the age of hardware store. I bought

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Speaker 3: all of their fans. I brought them to the school

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Speaker 3: and the principal was looking at me as if I

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Speaker 3: was going to cause the scene go to the press.

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Speaker 3: I'm like, no, All I want to do is keep

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Speaker 3: my daughter and these kids school. So I brought the

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Speaker 3: fans over and I climbed out for my scooter. I

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Speaker 3: was in so much pain and I was sweating. Halfway

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Speaker 3: through assembling those fans. My daughter she came, got one

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Speaker 3: for her class, smiled. Another person came, got a fan

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Speaker 3: for her class. All of a sudden, I stopped thinking

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Speaker 3: about the tame and I fact that they're putting the

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Speaker 3: fans together and seeing the smiles on all the black

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Speaker 3: and brown faces, I realized something. You know, the best

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Speaker 3: way to help yourself is to help other people. All

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Speaker 3: the anger is gone, all the resentment is gone. And yeah,

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Speaker 3: we have a smile on your face. And people say

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Speaker 3: that about me all the time, especially when I go

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Speaker 3: and when I see my doctors. You know, you always

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Speaker 3: have this big smile on your face. That's swear for

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Speaker 3: a game patience, And it's like, yeah, because I spend

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Speaker 3: my time focused on what I can do, and then

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Speaker 3: I try to make a game of it. How can

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Speaker 3: I do more give than the limited time to give

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Speaker 3: them the limit physical capacity I have? And I just

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Speaker 3: worked the plan and that keeps smile on my face.

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Speaker 1: Wow, great story. Tell us how we can find your

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Speaker 1: book Jackson.

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Speaker 3: Dunbar, Sure Sure, Race Matters and Paying Medicine, How I

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Speaker 3: Made Money, Lost ninety pounds and Thrived and Cry of Pain.

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Speaker 3: You can get it at Jackson Dunbar dot com or

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Speaker 3: you can just get it on Amazon.

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Speaker 1: Well you know you're you're regular now. And I say

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Speaker 1: that with a relationship tied to it, we definitely have

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Speaker 1: to connect off air just to just just chop it up.

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Speaker 1: Because people like you are positive. You know you you

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Speaker 1: push positivity to the next level. We all need to

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Speaker 1: hear that. And I'm speaking to Jackson Dunbar. His book

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Speaker 1: is a book I recommend once you read How I

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Speaker 1: Made Money, Lost eighty pounds and Thrived Me Conic Product Pain. Again,

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Speaker 1: thank you, Jackson Dumbar for coming on my shows, you

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Speaker 1: for having me.

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Speaker 3: And I'm going to sing you three starts on the

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Speaker 3: twenty Okay now, how they do?

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Speaker 1: Okay now, And I'm gonna tell you so and my daughter,

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Speaker 1: my daughter, I'm getting there into the stock. So you

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Speaker 1: send that to me. I'm not gonna put it on

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Speaker 1: the air. And I but when you come back on

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Speaker 1: the show, I let everybody know what we did. From

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Speaker 1: the tears. It'll be about three months when I bring you.

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Speaker 3: Back, Okay, I would love it.

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Speaker 1: Okay, I appreciate you. Bye bye, and thank you all

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Speaker 1: my friends and my family and everybody for listening to

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Speaker 1: Money Making Conversations Masterclass. I will talk to you next week.

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Speaker 1: Keep winning. Thank you, brother, Thank.

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Speaker 5: You for joining us for this edition of Money Making

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Speaker 5: Conversations Master Class. Money Making Conversations Master Class with rough

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Speaker 5: Shan McDonald is produced by thirty eight to fifteen Media Inc.

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Speaker 5: More information about thirty eight to fifteen Media Inc. Is

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00:25:49,119 --> 00:25:52,560
Speaker 5: available at thirty eight to fifteen media dot com. And

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Speaker 5: always remember to lead with your gifts, distinct expect