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Speaker 1: This episode is brought to you by P and C Bank.

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Speaker 1: A lot of people think podcasts about work are boring,

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Speaker 1: and sure they definitely can be, but understanding of professionals

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Speaker 1: routine shows us how they achieve their success, little by little,

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Speaker 1: day after day. It's like banking with P and C Bank.

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Speaker 1: It might seem boring to save, plan and make calculated

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Speaker 1: decisions with your bank, but keeping your money boring is

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Speaker 1: what helps you live a more happily fulfilled life. P

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Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly

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Speaker 1: Boring since eighteen sixty five is a service mark of

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Speaker 1: the PNC Financial Service Group, Inc. P and C Bank

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Speaker 1: National Association Member FDIC. This episode is brought to you

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Speaker 1: by P and C Bank. A lot of people think

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Speaker 1: podcasts about work are boring, and sure they definitely can be,

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Speaker 1: but understanding of professionals routine shows us how they achieve

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Speaker 1: their success, little by little, day after day. Like banking

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Speaker 1: with P and C Bank, it might seem boring to save,

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Speaker 1: plan and make calculated decisions with your bank, but keeping

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Speaker 1: your money boring is what helps you live or more

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Speaker 1: happily fulfilled life. P and C Bank Brilliantly Boring since

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Speaker 1: eighteen sixty five. Brilliantly Boring since eighteen sixty five is

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Speaker 1: a service mark of the PNC Financial Service Group, Inc.

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Speaker 1: P and C Bank National Association member FDIC.

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Speaker 2: Erners. What's up?

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Speaker 1: You ever walk into a small business and everything just

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Speaker 1: works like the checkout is fast, their seats are digital,

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Speaker 1: tipping is a breeze, and you're out the door before

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Speaker 1: the line even builds. Odds are they're using Square. We

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Speaker 1: love supporting businesses that run on Square because it just

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Speaker 1: feels seamless. Whether it's a local coffee shop, a vendor

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Speaker 1: at a pop up market, or even one of our

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Speaker 1: merch partners. Square makes it easy for them to take payments,

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Speaker 1: manage inventory, and run their business with confidence, all from

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Speaker 1: one simple system. If you're a business owner or even

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Speaker 1: just thinking about launching something soon, Square is hands down

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Speaker 1: one of the best tools out there to help you start, run,

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Speaker 1: and grow. It's not just about payments, it's about giving

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Speaker 1: you time back so you can focus on what matters

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Speaker 1: most Ready. To see how Square can transform your business,

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Speaker 1: visit Square dot com, backslash, go, backslash, e y l

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Speaker 1: to learn more that Square dot com backslash, go backslash.

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Speaker 1: E y l don't wait, don't hesitate. Let's square handle

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Speaker 1: the back end so you can keep pushing your vision forward.

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Speaker 3: Yeah yeah, yeah, yeah, yeah yeah, oh yeah yeah.

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Speaker 4: Oh yeah yeah oh yeah, very very very well. Yeah

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Speaker 4: oh yeah, ah.

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Speaker 2: The time has arived. We did it again. That's a fact.

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Speaker 2: We did it again.

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Speaker 5: Man.

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Speaker 2: More importantly, we did it again. We all of us. Man,

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Speaker 2: this is amazing.

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Speaker 1: Hold on, let me just take two seconds just to

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Speaker 1: really look.

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Speaker 2: Right out here right now.

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Speaker 1: Y'all look absolutely incredible and bronoplults for yourselves. So being

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Speaker 1: here this weekend, I told you we had history to make.

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Speaker 1: Y'all heard the messages. Y'all came through in droves. We

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Speaker 1: made history. This is the biggest investments of all time.

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Speaker 2: Y'all. Clap it up. Did we over deliver? We not

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Speaker 2: even done yet.

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Speaker 3: It's not done yet, man, So we're not gonna take

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Speaker 3: too much of your time. We got one of the

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Speaker 3: greatest inspirations, one of the greatest entrepreneurs, one of the

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Speaker 3: greatest athletes, one of the greatest businessmen, one of the

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Speaker 3: world greatest.

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Speaker 2: Just keeps flowing.

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Speaker 3: But first, be first, before we bring out the great

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Speaker 3: Irvin Magic Johnson. We gotta make a motion picture out

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Speaker 3: of this. Of course, you know we have an intro,

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Speaker 3: but we gotta really state to state. We gotta set

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Speaker 3: the stage. So let's let's do it. Let's do it,

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Speaker 3: please av team. Let's let's get it going.

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Speaker 5: Man has a smile that lights up a television screen

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Speaker 5: from here.

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Speaker 2: The bangor made on my Irvin Magic Johnson.

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Speaker 6: Back then, I was dreaming that I was playing the

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Speaker 6: NBA and that that would be a businessman.

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Speaker 2: So we got a reach back and give back. So

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Speaker 2: those are less fortunate. Can we do that, my Irvin

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Speaker 2: Magic Johnson. I'm in the prizing.

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Speaker 1: I keep the ghetto like the hood before an a

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Speaker 1: gentry five.

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Speaker 5: So when I can't die, Nat gottamental just what I thought.

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Speaker 2: I've got a twelve guys. When I first started, nobody

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Speaker 2: thought about urban America. Didn't think they could make money,

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Speaker 2: but now they know they do.

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Speaker 6: I know there worth the number one group of people

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Speaker 6: going to the movies at that time, but we didn't

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Speaker 6: have no theater.

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Speaker 2: We built six and zeros across the country's top ten

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Speaker 2: highest grossal theaters of the nation.

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Speaker 7: In nineteen nine, game Mate Johnson became the first person

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Speaker 7: to reach a franchise agreement with the Clock each ot and.

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Speaker 2: Went from building three to a building one hundred and

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Speaker 2: twenty five.

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Speaker 3: The Multi Bowl was already negotiated, aid a record price

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Speaker 3: for the Dodge over two billion dollars.

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Speaker 5: Our TV deal just came out at eight hild and

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Speaker 5: they say, oh, they're the smartest guys.

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Speaker 6: We want to bring that doctor pride back to our fans,

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Speaker 6: to our players, to the Los Angeles to me.

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Speaker 5: I've got time to myself.

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Speaker 2: I want to You're a billionaire here building there. I'm

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Speaker 2: going with him.

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Speaker 6: I have over delivered to my customer base for thirty years.

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Speaker 2: He got the magic. And when I was at this

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Speaker 2: level and I could deal with you. But I'm not

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Speaker 2: at that level no more.

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Speaker 6: See I went here, then I went here, Now I'm here,

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Speaker 6: So the deals got to be here.

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Speaker 2: Yeah, buddy, get on your feet.

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Speaker 8: Make some noise.

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Speaker 2: That was Isaac Johnson.

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Speaker 8: Let's go time.

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Speaker 3: Oh how does this feel? You played in front of

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Speaker 3: twenty thousand people? How does this feel to see this

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Speaker 3: for financial literacy?

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Speaker 2: The hell you speak?

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Speaker 5: This is amazing what both of you brothers have built.

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Speaker 5: Because we need education and we need to learn how

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Speaker 5: to work with each other because once we get the

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Speaker 5: financial literacy, the.

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Speaker 2: Education of money.

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Speaker 5: We already got the work ethic, we already got the knowledge.

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Speaker 2: And everybody out here is hungry. But you too are

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Speaker 2: the key here.

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Speaker 5: Let's give it up for both of them, because we

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Speaker 5: wouldn't be here without that. And let me just say,

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Speaker 5: God is so good and all the time.

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Speaker 2: All right, let's go. Then emailed it. He didn't. That

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Speaker 2: wasn't plan. You know, that was not we didn't prob that. Look,

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Speaker 2: I promise you that wasn't no disrespect. But he'd been

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Speaker 2: to a few cookouts.

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Speaker 3: All right, everybody, take your seats. Take your seats, please,

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Speaker 3: please please, Oh man, they said, call for the ice off.

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Speaker 3: This ain't nothing but God, brother, it's nothing but indible.

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Speaker 2: It's incredible. Yes, yes, wow.

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Speaker 5: And it can only happen in Atlanta too. You gotta

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Speaker 5: do it in tl It only happened in atl.

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Speaker 3: Only in Atlanta, only in Atlanta. All right, all right,

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Speaker 3: ladies and gentlemen. So yeah, let's try to clear the

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Speaker 3: ours if we can.

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Speaker 2: So magic. I want to start right off.

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Speaker 3: You're one of the most successful entrepreneurs, our coach, are

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Speaker 3: one of the most successful entrepreneurs in the world. But

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Speaker 3: everybody has mistakes and failures, right, So my first question is,

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Speaker 3: what's one financial mistake you made in business that you

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Speaker 3: learned from or might have been painful.

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Speaker 5: Well, along my journey and along all of our journeys,

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Speaker 5: we're all going to make a mistake, and we might

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Speaker 5: make two mistakes, right. But my first mistake was when

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Speaker 5: I was actually nineteen years old.

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Speaker 2: I had just won the.

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Speaker 5: National championship and I beat that dude named Bird.

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Speaker 2: I don't know, I heard of them, And.

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Speaker 5: So all the shoe companies came to recruit me to

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Speaker 5: sign with them. And this is why this conference is

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Speaker 5: so important, because conference offered me the most money.

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Speaker 2: And so when you black and you broke, you take.

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Speaker 5: The most money, right, And so I decided to go

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Speaker 5: at Converse.

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Speaker 2: But Phil Knight came in.

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Speaker 5: And he said, I can't offer you the same amount

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Speaker 5: of money as Converse, but I can give you something

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Speaker 5: called stock. And I passed on the stock, not knowing

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Speaker 5: anything about stock at nineteen years old. You know how

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Speaker 5: much money forty six years later that stock would be

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Speaker 5: worth today? A billion five ooh, So I wish I

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Speaker 5: was this herban fact when I was nineteen years old.

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Speaker 2: But let me just say to all of us, make

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Speaker 2: sure we.

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Speaker 5: Educate ourselves about with you about stock.

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Speaker 2: You know, we want to own and so I.

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Speaker 5: Didn't know anything about it, but God put me in

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Speaker 5: a position to make up for it, right I'm doing Okay?

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Speaker 3: Well, I mean, let me just follow up all that,

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Speaker 3: because that story is a crazy story. When did you realize,

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Speaker 3: oh man, I might have messed up a little bit? Like,

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Speaker 3: did somebody educate you, like, yo, this this is equity,

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Speaker 3: this is stocks, Like, at what point in your journey

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Speaker 3: did you realize?

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Speaker 5: Okay, I realized I messed up when Michael Jordans came

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Speaker 5: out with Air Jordan.

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Speaker 2: That's when I knows.

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Speaker 5: I could have owned some of that, right, So I

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Speaker 5: messed up big time. And but you know that that's

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Speaker 5: what happens you're not educated, and so now I educate

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Speaker 5: myself about everything. And that was a huge mistake on

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Speaker 5: my part. But also my family didn't know money. See

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Speaker 5: a lot of times you're going to be the first

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Speaker 5: generation of wealth and knowing money in your family, and

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Speaker 5: so it's important that you're successful so that your siblings

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Speaker 5: or people in your family or friends can follow your lead.

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Speaker 5: And that happened to me now that I'm successful, others

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Speaker 5: in my family are successful as well.

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Speaker 2: He trail blaze.

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Speaker 1: Everybody knows, like we grew up in the eighties, obviously

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Speaker 1: watched your Hall of Fame career, and everybody just knew

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Speaker 1: that magic smile.

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Speaker 2: He's the nicest guy in the world.

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Speaker 1: And then you hear people who've played with you and

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Speaker 1: they said, he's the most competitive person I've ever met

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Speaker 1: in life. So I wonder, how did you transition or

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Speaker 1: did you have to transition when going into the business field.

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Speaker 1: Were you just as competitive it's not even more?

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Speaker 5: Oh, I'm competitive right now. I don't want to lose

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Speaker 5: at anything. And you take that same competitive drive that

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Speaker 5: you had on the basketball court and you put it

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Speaker 5: in business. Listen, I go to bed at eight o'clock,

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Speaker 5: I'm up at four o'clock. I work out for two hours,

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Speaker 5: and then I'm in the office all day. I'm driven.

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Speaker 5: I'm driven, and I'm driven. I don't need nobody to

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Speaker 5: pat me on the back or anything. I'm self motivated.

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Speaker 5: So that plays in my favor. Right, and so everything

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Speaker 5: that I learned as a basketball player I've taken into business.

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Speaker 2: I'm a disciplined man, right, I do all the.

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Speaker 5: Research because I had to research my opponents back in

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Speaker 5: the day.

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Speaker 2: Now I research.

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Speaker 5: Companies and businesses, and so I'm also when you think

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Speaker 5: about I'm a perfectionist. I like to do everything the

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Speaker 5: right way. And that's the key for all of us

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Speaker 5: out here. The way you're gonna grow your brand and

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Speaker 5: keep your brand. You gotta be particular about what you

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Speaker 5: let come in right and what you put out there

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Speaker 5: on social media and all that because that goes.

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Speaker 2: To your brand earners. What's up?

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Speaker 1: Look, this episode is brought to you by Square Banking.

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Speaker 1: One of the things we love most is seeing neighborhood

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Speaker 1: businesses level up. This iss West Indian spired writing our

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Speaker 1: community that started with a small takeout counter. Now with

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Speaker 1: Square they've been able to expand into a full sit

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Speaker 1: That's the kind of growth that inspires us, and it's

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Speaker 1: powered by Square. Square is built for all types of businesses,

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Speaker 1: from the corner bagel shop that turned into a local chain,

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Speaker 1: to the specialty market with thousands of unique items, to

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Speaker 1: the stylists who's been holding you down for years. With

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Speaker 1: system you're already using to run your business. And with

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Speaker 1: slow seasons, setting yourself up for long term success and

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Speaker 1: with Square loans report growth. So go to Square dot com,

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Speaker 1: slash go, slash ey l to learn more about how

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Speaker 1: your business can grow with Square. That's s q U

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Speaker 1: a r e dot com, slash g O, slash e

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Speaker 1: y L.

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Speaker 2: Block Inc. Is not a bank.

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Speaker 1: Banking services provided by Square Financial Services Inc. And Cutting

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Speaker 1: Bank members. FDIC loans are subject to credit approval. So

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Speaker 1: I'm very very particular about.

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Speaker 5: The companies I get involved in as well as what

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Speaker 5: I send out on social media, because I don't want

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Speaker 5: nothing to hurt my brand or dilute my brand.

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Speaker 1: It's interesting if I just asked follow up when you

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Speaker 1: were playing, it was obvious the competition was there. Was

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Speaker 1: this guy in Chicago, and there was this guy in Boston.

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Speaker 1: In business, how do you look at it? Are you

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Speaker 1: looking at companies, are you looking at other entrepreneurs or

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Speaker 1: maybe some of your contemporaries who used to play sports

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Speaker 1: as not competitors, but hey, they sent a benchmark we

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Speaker 1: got to go hire.

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Speaker 2: Yeah.

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Speaker 5: Now, I think when we get to this level, you

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Speaker 5: cheer for Michael Jordan and his business. You cheer for

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Speaker 5: Robert Smith, you cheer for any brother who or sister

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Speaker 5: who is doing very very well. See, I'm not no hater.

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Speaker 5: I cheer for them, and then I also try to

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Speaker 5: learn from them. If they got something that will helped

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Speaker 5: me be successful, I'm gonna steal it, take it and

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Speaker 5: grab it right and put it into my business. So

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Speaker 5: what we need to do is, really, I saw Bob

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Speaker 5: Johnson change the landscape, right, and so when I saw

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Speaker 5: Bob do bet, that really inspired me to really say,

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Speaker 5: I want to be like Bob Johns. But at the

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Speaker 5: same time I said it, I also want to go

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Speaker 5: past Bob Johnson.

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Speaker 2: Right in my own mind, I was saying that, right, And.

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Speaker 5: So I always look at success of black people and say, wow,

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Speaker 5: that's wonderful and also how did they get there?

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Speaker 2: What road did they take?

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Speaker 5: And if I can learn from them, whether that from

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Speaker 5: their success or their mistakes, I'm going to get up

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Speaker 5: under them to try to do just that.

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Speaker 2: Crap it up for that for sure. Ain't no hater.

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Speaker 3: So I mean, you've told the story about Starbucks. But

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Speaker 3: my whole thing is how do you go from opening

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Speaker 3: one business to having several hundred different type of businesses

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Speaker 3: scaling without losing quality.

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Speaker 5: What the hardest thing to do is a scale of business, right,

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Speaker 5: because you may have enough money to start that first business, right,

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Speaker 5: But the hardest thing is, now am I in a

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Speaker 5: financial situation where I can build the second one? So

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Speaker 5: what I did was Starbucks. I let the first one

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Speaker 5: build the second one. I didn't take any money from

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Speaker 5: the profits we made. Then I let the second one

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Speaker 5: build the third one, and fourth one, and on and

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Speaker 5: on and on. I didn't take no money out until

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Speaker 5: we build fifty stores.

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Speaker 2: And so why is that important?

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Speaker 5: Because it was important to scale the business.

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Speaker 2: But also put myself in a position where I could.

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Speaker 5: Sell those stores back to Starbucks and Howard Schultz. We

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Speaker 5: built one hundred and twenty five Starbucks, and now I

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Speaker 5: was able to sell all of them back. That was

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Speaker 5: my excess strategy. And make sure you always have an

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Speaker 5: extra strategy. You might not decide to sell, but at

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Speaker 5: least you got the strategy in place, so if you

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Speaker 5: do decide to sell.

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Speaker 1: You're ready to do just that. That's important right to me.

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Speaker 1: It speaks about being mentally prepared. Right, so I know,

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Speaker 1: as your before you.

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Speaker 5: Go into that next one, let be given this, I

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Speaker 5: go for it. And then also two, don't sell too early.

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Speaker 5: I'm gonna say that one more time. Don't sell too

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Speaker 5: early because a lot of time they gonna come with

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Speaker 5: this check and know you might be in a position

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Speaker 5: and they know you won't take You're gonna take that check,

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Speaker 5: and then they turn around say you sell it for

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Speaker 5: five or ten million, But then three or four years

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Speaker 5: later that guy sells it for two hundred million. So

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Speaker 5: make sure you understand that sometimes you can still hold

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Speaker 5: on to the business and help it grow so that

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Speaker 5: you can sell it for the two hundred million instead

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Speaker 5: of somebody else. So make sure you understand that timing

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Speaker 5: is everything.

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Speaker 2: Okay.

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Speaker 5: So I had to stand up and tell him that

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Speaker 5: because so many of our brothers and sisters sold their

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Speaker 5: business too early. Absolutely, And I'm gonna give you an

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Speaker 5: example of that. I know Ryan is here, young brother

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Speaker 5: stand on a Ryan.

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Speaker 2: Yeah.

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Speaker 5: So this young brother we had, he was in Stanford

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Speaker 5: NBA program, but we recruited him to join our company.

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Speaker 5: But he negotiated the w NBA Sparks deal that we

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Speaker 5: had and thank you for that too, that we entrusted

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Speaker 5: this deal in this young brother's hand. Now we've owned

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Speaker 5: this the Sparks for a few years. We haven't made

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Speaker 5: a dime, right, It's been a tough going for the

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Speaker 5: w NBA. Except now, hold on. There was a time

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Speaker 5: when we said, shall we sell this? And we kept

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Speaker 5: saying no, let's hold on to it. Now a group

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Speaker 5: out of Boston just bought the Connecticut Sun for three

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Speaker 5: hundred and twenty five million.

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Speaker 2: Oh thank god. We didn't sell too.

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Speaker 5: Early, right, right, right, because now we only paid ten

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Speaker 5: million dollars for the franchise. So when you think about

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Speaker 5: that return we're gonna have, it's amazing.

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Speaker 9: So don't sell too early. Okay, I just wanted to

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Speaker 9: point that out, Troy. I can just follow up real

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Speaker 9: quick because it's right on path. I'll just follow up

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Speaker 9: real quick because my next question is right on the

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Speaker 9: path of what you said. My next question was going

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Speaker 9: to be why did you liquidate? So you you just

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Speaker 9: explained that that you that you liquidated just Starbucks.

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Speaker 2: Can you walk us.

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Speaker 3: Through why you liquidated, the deal of liquidation, and what

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Speaker 3: you did with the money after you liquidated.

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Speaker 2: That's a great question. Should should I? Should I stay?

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Speaker 2: Should we stay? I'm gonna just let's sit here. I'm

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Speaker 2: gonna I'm gonna just do it like this. I'm never

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Speaker 2: gonna change. So listen.

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Speaker 5: So when we built that hundred, we had a deal

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Speaker 5: to build one hundred and twenty five Starbucks, and we

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Speaker 5: did that in five six years. We were making so

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Speaker 5: much money that Howard came in and said, well, first

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Speaker 5: of all, let me take you back. They said it

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Speaker 5: could never happen. Starbucks wouldn't last in the black community.

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Speaker 5: H We proved them wrong, right, proved them wrong. We

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Speaker 5: had to make some changes to make sure that Starbucks

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Speaker 5: was successful in our community.

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Speaker 2: So we don't eat scone, So we.

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Speaker 5: Had to take the scones out of my Starbucks. Sweet

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Speaker 5: potato pie peace Cobb Loska.

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Speaker 2: To me, kay.

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Speaker 5: So when you walked into my Starbucks, the field was different.

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Speaker 5: The desserts were different, and definitely the music was different.

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Speaker 5: So I customized it.

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Speaker 2: Oh this is important. Now get with me right here.

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Speaker 5: I customize it to my customer.

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Speaker 2: Oh, very very important.

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Speaker 5: I never made it about me where black folks fell is.

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Speaker 5: You make it sometimes about you and your likes, Oh,

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Speaker 5: not about what the customer like. So remember, always make

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Speaker 5: your business about the customer, and then you will get

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Speaker 5: the returns that you're looking for.

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Speaker 2: So I knew it was time. Howard Shows came to me.

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Speaker 5: And said, listen, we don't have to wait these next

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Speaker 5: four years. We're making a lot of money. The multi

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Speaker 5: balls already in the contract. So I start timing times

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Speaker 5: that revenue. Who shoot, I'm good, VICKI. That's my financial person, VICKI.

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Speaker 5: I go to Vicky for finance. I said, oh, I'm good.

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Speaker 5: So I said, yeah, it's time for me to sell.

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Speaker 5: And sure enough I sold Starbucks. And who would have

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Speaker 5: ever thought that the Dodgers would be for sale? So

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Speaker 5: I used the money that came back to me from

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Speaker 5: this our books sell and put it into the Dodger deal.

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Speaker 2: No stop, stop, stop, stop stop. Why did I do that?

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Speaker 5: First of all, there was no people of color being

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Speaker 5: owner in Major League baseball. That's one reason. The second

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Speaker 5: reason is I'm buying the Dodgers. The Dodgers got the

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Speaker 5: biggest brand it's in baseball, them and the Yankees, those

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Speaker 5: were the two biggest brands. So I knew it was

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Speaker 5: gonna be a home run. And now I'm gonna give

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Speaker 5: you the numbers. When we bought it two point two

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Speaker 5: billion twelve years ago, the highest anybody had ever paid

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Speaker 5: for a North America sports team. Forbes just came out

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Speaker 5: with the list with value that seven point five billion.

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Speaker 5: So again, understand what you're buying when you buy something, right,

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Speaker 5: that brand is so important. I knew we would hear

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Speaker 5: the home run, and sure enough we were able to

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Speaker 5: do that.

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Speaker 2: I'm not sure should should we? I know, I know

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Speaker 2: going back, I don't all right, I'm gonna go back.

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Speaker 2: I'm gonna leap.

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Speaker 5: I just can't sit down when I'm trying to go

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Speaker 5: with my people.

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Speaker 2: I just thought you was gonna go behind the back path. Yeah, yeah,

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Speaker 2: I was ready. I'm in pocket. I was weighing. I

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Speaker 2: had my hands ready for the past. Since man ain't

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Speaker 2: not no, I know, I know, so, I mean, I'm

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Speaker 2: just a little slower now at sixty six years old.

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Speaker 2: We saw the jump shot too on the on the Yeah,

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Speaker 2: we'll get to that.

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Speaker 1: Well, you talked about a lot there, but one of

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Speaker 1: the things that was missing and gets you missing we

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Speaker 1: kind of talked about the backstage is Yes, ownership is

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Speaker 1: important from a financial side, also from a representation side.

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Speaker 1: Talk about the importance of that, because in order to

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Speaker 1: see something right, in order to be something, we have

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Speaker 1: to see at first. So talk about the representation. Because

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Speaker 1: there was a generation where we watched it, we don't

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Speaker 1: know how.

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Speaker 2: They did it. You're doing it a lot different.

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Speaker 1: We've watched you play, We've watched you make these business moves.

443
00:25:59,560 --> 00:26:02,240
Speaker 1: We've watched you put stores in locations that people wouldn't.

444
00:26:02,400 --> 00:26:05,199
Speaker 1: We've watched you become successful. You've left clues for us.

445
00:26:05,200 --> 00:26:14,800
Speaker 1: Talk about the representation park, Well, i'm gonna talk about you. Well,

446
00:26:14,840 --> 00:26:19,480
Speaker 1: we got to remember something. It's not just about the money.

447
00:26:19,720 --> 00:26:21,600
Speaker 1: It's about having a seat at the table.

448
00:26:23,680 --> 00:26:25,439
Speaker 2: Oh wait a minute, I didn't hear. Nobody wasn't.

449
00:26:29,880 --> 00:26:34,360
Speaker 5: What is our biggest challenge is that we don't.

450
00:26:34,119 --> 00:26:35,280
Speaker 2: Have a seat at the table.

451
00:26:37,119 --> 00:26:40,960
Speaker 5: So when you become successful, you're able to now have

452
00:26:41,040 --> 00:26:45,320
Speaker 5: a seat at that table, and then you can help

453
00:26:45,400 --> 00:26:50,359
Speaker 5: the city change. They include you on decisions that happen

454
00:26:50,440 --> 00:26:55,320
Speaker 5: in the city or in different areas of the city

455
00:26:55,359 --> 00:26:56,160
Speaker 5: that you live in.

456
00:26:57,080 --> 00:27:04,240
Speaker 2: So it's like the power and so that's what it's

457
00:27:04,280 --> 00:27:05,400
Speaker 2: all about.

458
00:27:06,200 --> 00:27:08,760
Speaker 5: Yes we can it's a lot of people can make money,

459
00:27:08,760 --> 00:27:12,440
Speaker 5: but we need to be represented. That's what you two

460
00:27:12,480 --> 00:27:16,000
Speaker 5: brothers are doing right now, giving all of us a chance.

461
00:27:17,880 --> 00:27:20,399
Speaker 5: You're representing the culture of these young people.

462
00:27:20,600 --> 00:27:24,280
Speaker 2: They see you and they see what you built.

463
00:27:25,320 --> 00:27:29,320
Speaker 5: This is amazing and this is just what we needed,

464
00:27:30,440 --> 00:27:36,600
Speaker 5: right and so now hold on one second, you're driving

465
00:27:36,640 --> 00:27:39,040
Speaker 5: twenty thousand people. The mayor got to come see you.

466
00:27:40,920 --> 00:27:44,520
Speaker 5: What wait a minute, two black men driving twenty thousand

467
00:27:44,800 --> 00:27:48,239
Speaker 5: here in the city. Oh, I got to have a

468
00:27:48,240 --> 00:27:52,960
Speaker 5: meeting with them too. And then it just continues on. So, yes,

469
00:27:53,040 --> 00:27:55,280
Speaker 5: we want to be successful, but also we want to

470
00:27:55,320 --> 00:27:59,880
Speaker 5: have a seat at the table to be able to hope,

471
00:28:00,280 --> 00:28:04,159
Speaker 5: be change agents on what's happening in our community, but

472
00:28:04,280 --> 00:28:06,440
Speaker 5: also what's happening in the city too as well.

473
00:28:06,520 --> 00:28:08,000
Speaker 2: So that's what it's all about.

474
00:28:13,960 --> 00:28:17,879
Speaker 3: So you've invested in everything for movie theaters, Starbucks, the Dodgers.

475
00:28:18,840 --> 00:28:21,119
Speaker 3: What is your fourth Obviously you have a great vision.

476
00:28:21,600 --> 00:28:24,000
Speaker 3: What is your foresight to know something is going to

477
00:28:24,040 --> 00:28:29,399
Speaker 3: be profitable ten years, twenty years, a good investment to

478
00:28:29,520 --> 00:28:30,240
Speaker 3: put your money in.

479
00:28:30,800 --> 00:28:37,280
Speaker 2: Well, I think, first of all, I was ready to town.

480
00:28:40,240 --> 00:28:41,440
Speaker 2: First of all, you.

481
00:28:41,520 --> 00:28:45,800
Speaker 5: Got to research the industry or the sector. So when

482
00:28:45,800 --> 00:28:49,240
Speaker 5: you research the sector or the industry that you're investing in,

483
00:28:50,120 --> 00:28:51,800
Speaker 5: you can see if it's been growing.

484
00:28:52,480 --> 00:28:54,840
Speaker 2: Right, So we'll go back probably five or.

485
00:28:54,760 --> 00:28:58,880
Speaker 5: Ten years to see if that sector that I'm going

486
00:28:58,960 --> 00:29:02,160
Speaker 5: to invest in has been growing. And if I see growth,

487
00:29:02,480 --> 00:29:06,240
Speaker 5: then I said, Okay, look like it's gonna be a good.

488
00:29:07,440 --> 00:29:08,440
Speaker 2: Investment for me.

489
00:29:09,160 --> 00:29:11,680
Speaker 5: But then we have an investment team of people try

490
00:29:11,720 --> 00:29:15,680
Speaker 5: to break out down the investment, making sure it is

491
00:29:15,720 --> 00:29:19,360
Speaker 5: the right move for us to make both financially and

492
00:29:19,680 --> 00:29:23,360
Speaker 5: align it with our brand. Right because anything that you

493
00:29:23,480 --> 00:29:26,520
Speaker 5: bring in you gotta align it with your brand. So

494
00:29:26,560 --> 00:29:31,800
Speaker 5: it's very important. So right now we have contracts select

495
00:29:31,840 --> 00:29:35,120
Speaker 5: so Magic Charles Johnson is doing a wonderful job.

496
00:29:35,280 --> 00:29:36,080
Speaker 2: Child's where are you?

497
00:29:37,040 --> 00:29:41,120
Speaker 5: Yes, yeah, Chiles, Brother Robbie is with them down us

498
00:29:41,160 --> 00:29:44,960
Speaker 5: here yep. So when we think about we have more

499
00:29:45,000 --> 00:29:49,200
Speaker 5: house contract Federal Reserve, we have contracts at the airport,

500
00:29:49,360 --> 00:29:52,640
Speaker 5: we do delta, the headquarters on and on and on.

501
00:29:53,200 --> 00:29:54,800
Speaker 2: We knew that industry was.

502
00:29:54,800 --> 00:29:58,600
Speaker 5: Gonna grow because people gotta eat right, and so we

503
00:29:58,800 --> 00:30:01,760
Speaker 5: understand that and has been grown. We're over a billion

504
00:30:01,800 --> 00:30:05,800
Speaker 5: dollars in revenue now with this small company.

505
00:30:06,280 --> 00:30:09,080
Speaker 2: That's just shot. You said a billion dollars of revenue

506
00:30:09,080 --> 00:30:11,400
Speaker 2: and two people clap Can we clap it up? That's

507
00:30:11,400 --> 00:30:12,440
Speaker 2: not an everyday thing.

508
00:30:12,760 --> 00:30:20,480
Speaker 5: No. Well, the reason that's important is that we started

509
00:30:20,600 --> 00:30:25,200
Speaker 5: from the ground on up, and so we wanted the

510
00:30:25,280 --> 00:30:26,960
Speaker 5: same thing that happen for all of you.

511
00:30:27,600 --> 00:30:27,800
Speaker 2: Right.

512
00:30:27,920 --> 00:30:31,680
Speaker 5: Take, take your ideal, your strategy, start your company and

513
00:30:31,760 --> 00:30:37,160
Speaker 5: build it right and so and scale it. And we

514
00:30:37,160 --> 00:30:40,160
Speaker 5: were talking about how to scale. But scaling is so

515
00:30:40,320 --> 00:30:44,160
Speaker 5: hard because you got to have the financial resources and

516
00:30:44,200 --> 00:30:46,040
Speaker 5: then you got to have the right team in place.

517
00:30:46,400 --> 00:30:49,360
Speaker 2: If anything, I can tell you this is.

518
00:30:49,320 --> 00:30:51,560
Speaker 5: So important and it's gonna hurt a lot of feelings

519
00:30:51,560 --> 00:30:52,840
Speaker 5: in this in this audience.

520
00:30:54,560 --> 00:30:56,840
Speaker 2: Please do not hire your family.

521
00:31:00,560 --> 00:31:08,280
Speaker 5: Oh oh oh oh unless they have the expertise. Whoa

522
00:31:08,320 --> 00:31:12,000
Speaker 5: whoa whoa woa, unless they have the expertise. One has

523
00:31:12,040 --> 00:31:19,040
Speaker 5: made more black businesses fail in America. Uh oh, because

524
00:31:19,080 --> 00:31:22,240
Speaker 5: you hired your family member and they didn't have the

525
00:31:22,400 --> 00:31:25,320
Speaker 5: expertise or they thought they could show up instead of

526
00:31:25,400 --> 00:31:30,160
Speaker 5: nine o'clock. They showed up at twelve o'clock. I paid

527
00:31:30,240 --> 00:31:32,280
Speaker 5: mine to stay away. Here you go to check or

528
00:31:32,280 --> 00:31:34,640
Speaker 5: be on the way. No, I'm just kidding. I'm just kidd.

529
00:31:34,760 --> 00:31:39,240
Speaker 5: I'm just kid. I'm just kidding. Make sure, though, if

530
00:31:39,280 --> 00:31:41,240
Speaker 5: you're gonna be in a family business, make sure he

531
00:31:41,320 --> 00:31:46,760
Speaker 5: spell out roles and once everybody know their role, make

532
00:31:46,840 --> 00:31:51,440
Speaker 5: sure that they over deliver in that role. So so important.

533
00:31:54,720 --> 00:31:56,840
Speaker 5: I'm gonna stay I learned my lesson.

534
00:31:57,480 --> 00:31:59,320
Speaker 2: I wasn't gonna give me a game. I was waining.

535
00:31:59,560 --> 00:32:02,000
Speaker 1: But you brought up a billion dollars in revenue, and

536
00:32:02,040 --> 00:32:04,040
Speaker 1: so that that word stuck in my head.

537
00:32:04,720 --> 00:32:06,520
Speaker 2: We have a common theme here at Investment US.

538
00:32:06,960 --> 00:32:10,160
Speaker 1: Every year we've been able to bring a billionaire to

539
00:32:10,200 --> 00:32:10,920
Speaker 1: the stage.

540
00:32:11,680 --> 00:32:15,160
Speaker 2: I love that thing. I love that fae. I love

541
00:32:15,240 --> 00:32:20,000
Speaker 2: that fame. Now the billionaires that we brought looked like us.

542
00:32:21,520 --> 00:32:25,920
Speaker 2: That's what There you go, there you go.

543
00:32:26,360 --> 00:32:32,280
Speaker 1: Twenty twenty five list comes out Hervy Magic Johnson a billionaire.

544
00:32:38,080 --> 00:32:40,800
Speaker 2: Well, oh yeah, stand only your feet for.

545
00:32:40,800 --> 00:32:43,200
Speaker 8: That, right.

546
00:32:46,080 --> 00:32:46,920
Speaker 2: I wonder.

547
00:32:49,240 --> 00:32:52,040
Speaker 1: The kid that's walking on the campus in east Landson, Michigan.

548
00:32:53,560 --> 00:32:58,280
Speaker 1: Your white to the man who's standing here today? Was

549
00:32:58,280 --> 00:33:00,760
Speaker 1: that on the vision board? And what was that moment

550
00:33:01,040 --> 00:33:03,760
Speaker 1: like when it? I mean for us in our minds,

551
00:33:03,760 --> 00:33:05,880
Speaker 1: we already thought you were there, But now that it's

552
00:33:05,920 --> 00:33:07,760
Speaker 1: been reported, what was this moment like for you?

553
00:33:08,360 --> 00:33:10,200
Speaker 5: Well, when I first started to know, it wasn't on

554
00:33:10,240 --> 00:33:13,640
Speaker 5: the vision board. It was just being successful. See, my

555
00:33:13,760 --> 00:33:19,720
Speaker 5: whole business thesis was to be successful for other people

556
00:33:19,720 --> 00:33:21,120
Speaker 5: of color could come behind me.

557
00:33:22,960 --> 00:33:25,680
Speaker 2: Okay, now remember this.

558
00:33:27,960 --> 00:33:30,360
Speaker 5: See when I went to ten nine, ten banks, they

559
00:33:30,400 --> 00:33:33,640
Speaker 5: all turned me down. They wanted the picture, they wanted

560
00:33:33,640 --> 00:33:38,000
Speaker 5: the autograph, but they didn't want to loan me the money.

561
00:33:39,120 --> 00:33:44,520
Speaker 5: Then I went up to Calpurr's this pension fund to

562
00:33:44,800 --> 00:33:47,440
Speaker 5: get money because I was gonna start my real estate fund,

563
00:33:48,560 --> 00:33:50,959
Speaker 5: and they turned me down three straight years.

564
00:33:51,040 --> 00:33:54,200
Speaker 2: Same thing. See, this hasn't been easy.

565
00:33:54,960 --> 00:33:57,360
Speaker 5: A lot of you think that, oh he magic Johnson,

566
00:33:57,360 --> 00:33:59,800
Speaker 5: so it was easy. No, that actually worked against me.

567
00:34:01,680 --> 00:34:06,440
Speaker 5: But I love the challenge. See, I'm not gonna run away.

568
00:34:06,560 --> 00:34:10,920
Speaker 5: I knew my business thesis was strong. I knew my people.

569
00:34:11,320 --> 00:34:14,480
Speaker 5: I knew what they wanted and what they like, So

570
00:34:14,600 --> 00:34:17,160
Speaker 5: all I had to do was deliver it and then

571
00:34:17,239 --> 00:34:18,319
Speaker 5: over deliver it to them.

572
00:34:18,320 --> 00:34:22,040
Speaker 2: Once I started my business, and so as I.

573
00:34:22,040 --> 00:34:26,840
Speaker 5: Became successful, first the Starbucks, the theaters, Magic Johnson theaters,

574
00:34:27,280 --> 00:34:29,960
Speaker 5: and then I said, hey, I got to really get

575
00:34:29,960 --> 00:34:35,080
Speaker 5: into a bigger business. So I needed somebody else's money

576
00:34:35,920 --> 00:34:40,560
Speaker 5: to do that, to grow and have sustainability. So once

577
00:34:41,160 --> 00:34:44,920
Speaker 5: the finally the bank said yes, I took that one

578
00:34:45,000 --> 00:34:48,560
Speaker 5: hundred million dollars and turned it into what it is today.

579
00:34:49,360 --> 00:34:53,880
Speaker 5: But stop, stop, stop, stop stop. Anything I've done is

580
00:34:53,960 --> 00:34:58,000
Speaker 5: not just for me. It's so that you can come

581
00:34:58,080 --> 00:35:01,359
Speaker 5: behind me. Because now they said, oh that black man

582
00:35:01,480 --> 00:35:05,880
Speaker 5: was successful, we'll take a chance on another one.

583
00:35:06,040 --> 00:35:06,799
Speaker 2: Because if I.

584
00:35:06,840 --> 00:35:09,840
Speaker 5: Fail, then they ain't not gonna take a chance on

585
00:35:09,880 --> 00:35:10,399
Speaker 5: another one.

586
00:35:10,760 --> 00:35:12,440
Speaker 2: So that's what it's about.

587
00:35:12,560 --> 00:35:16,799
Speaker 5: So when you build your business, you don't even other

588
00:35:16,880 --> 00:35:21,040
Speaker 5: stand and it's not just about you. You're giving another

589
00:35:21,200 --> 00:35:24,960
Speaker 5: young person, young lady, young man, a chance and an

590
00:35:25,000 --> 00:35:29,279
Speaker 5: opportunity to say wow, if she made it or if

591
00:35:29,280 --> 00:35:33,239
Speaker 5: he made it. I think I got a chance too.

592
00:35:33,280 --> 00:35:37,400
Speaker 5: So what I always have my theme is I turned

593
00:35:37,440 --> 00:35:42,919
Speaker 5: the impossible into possible. That's what it's all about, right,

594
00:35:43,200 --> 00:35:48,160
Speaker 5: That's what it's all about. So I'm still on the

595
00:35:48,200 --> 00:35:50,720
Speaker 5: basketball court. I just don't have the little hot pants

596
00:35:50,760 --> 00:35:56,520
Speaker 5: on no more. I'm wearing suits. But I just want

597
00:35:56,520 --> 00:35:59,880
Speaker 5: to win and be successful man, and nobody's gonna outwork me.

598
00:36:01,200 --> 00:36:02,919
Speaker 2: Nobody.

599
00:36:03,320 --> 00:36:06,000
Speaker 5: I'm a smart guy because I'm smart because I put

600
00:36:06,040 --> 00:36:09,720
Speaker 5: smart people around me, and then I pay them.

601
00:36:09,560 --> 00:36:13,160
Speaker 2: To do their job. That part. Always remember that.

602
00:36:15,280 --> 00:36:18,120
Speaker 5: Hire smart people, pay them to do their job, and

603
00:36:18,160 --> 00:36:19,799
Speaker 5: they'll help you become successful.

604
00:36:21,239 --> 00:36:22,000
Speaker 2: Clap it up for that.

605
00:36:26,680 --> 00:36:30,319
Speaker 3: So some other deals that people may not know you

606
00:36:30,360 --> 00:36:33,400
Speaker 3: were involved in that didn't necessarily go your way, but

607
00:36:33,640 --> 00:36:34,880
Speaker 3: great learning experiences.

608
00:36:34,880 --> 00:36:39,879
Speaker 2: I'm sure twenty four hour fitness is it plan?

609
00:36:40,000 --> 00:36:43,560
Speaker 3: No, twenty four hour Fitness TGI Friday, Yi Friday, Can

610
00:36:43,600 --> 00:36:45,200
Speaker 3: you tell them about that experience?

611
00:36:45,320 --> 00:36:49,000
Speaker 5: Yeah, because some has failed, right, every business is not

612
00:36:49,080 --> 00:36:54,640
Speaker 5: going to be successful. We had the number one TGI

613
00:36:54,719 --> 00:36:58,080
Speaker 5: Fridays in the West in Los Angeles, and we were

614
00:36:58,120 --> 00:37:02,720
Speaker 5: able to really do a fantastic job of over delivering

615
00:37:02,760 --> 00:37:03,560
Speaker 5: to the community.

616
00:37:04,239 --> 00:37:05,640
Speaker 2: Then I built the second.

617
00:37:05,400 --> 00:37:10,840
Speaker 5: One here in Atlanta, and Atlanta supported me like crazy,

618
00:37:11,320 --> 00:37:15,120
Speaker 5: but we were not ready for the volume of customers

619
00:37:15,120 --> 00:37:18,000
Speaker 5: that came through our door, and we made a lot

620
00:37:18,000 --> 00:37:22,720
Speaker 5: of mistakes and we had to close that Friday because

621
00:37:23,560 --> 00:37:26,480
Speaker 5: it was on us, not on the people of Atlanta,

622
00:37:27,400 --> 00:37:30,759
Speaker 5: and I learned a valuable lesson that we got to

623
00:37:30,800 --> 00:37:35,640
Speaker 5: make sure we hire the best and talented people and

624
00:37:35,880 --> 00:37:39,600
Speaker 5: they can drive unbelievable customer service. And we did not

625
00:37:39,760 --> 00:37:44,080
Speaker 5: deliver that to the people of Atlanta. But the next businesses,

626
00:37:44,920 --> 00:37:47,360
Speaker 5: you learn from that one and make sure the next.

627
00:37:47,120 --> 00:37:49,000
Speaker 2: Businesses that you do a better job.

628
00:37:49,239 --> 00:37:52,320
Speaker 5: And we've been better because of those mistakes we made

629
00:37:52,360 --> 00:37:54,040
Speaker 5: back then, so every.

630
00:37:53,840 --> 00:37:56,480
Speaker 2: Business has not hit the home run.

631
00:37:57,600 --> 00:38:01,759
Speaker 5: And then also too, a lot of businesses I own

632
00:38:01,920 --> 00:38:04,960
Speaker 5: hit singles and doubles, and that's okay. If you get

633
00:38:05,080 --> 00:38:07,520
Speaker 5: enough singles and doubles, you're gonna make a lot of

634
00:38:07,560 --> 00:38:12,239
Speaker 5: money anyway. So I think for me, it's learn from

635
00:38:12,280 --> 00:38:16,359
Speaker 5: your lessons, learn lessons from your failure, excuse me, and

636
00:38:16,400 --> 00:38:18,920
Speaker 5: then make sure that it doesn't happen again.

637
00:38:20,200 --> 00:38:28,719
Speaker 2: Amen. Amen, I'm just making sure. I'm just making sure

638
00:38:30,160 --> 00:38:32,640
Speaker 2: I'm taking so well. You thought it was coming out, yeh, yeah, yeah,

639
00:38:32,680 --> 00:38:33,560
Speaker 2: yea yeh. I'm just making sure.

640
00:38:33,920 --> 00:38:36,239
Speaker 1: So I want to talk about legacy a little bit

641
00:38:36,760 --> 00:38:39,400
Speaker 1: because backstage I showed you some of my emails.

642
00:38:39,520 --> 00:38:41,200
Speaker 2: That's right, Yeah, it's a true story.

643
00:38:41,760 --> 00:38:44,920
Speaker 1: I got this email and it said Alicia Johnson, and

644
00:38:44,960 --> 00:38:48,040
Speaker 1: I said, who's that I don't I never ordered from there,

645
00:38:48,400 --> 00:38:49,960
Speaker 1: and my wife said, don't worry about that.

646
00:38:50,880 --> 00:38:52,200
Speaker 2: And then the next.

647
00:38:51,960 --> 00:38:55,520
Speaker 1: Week it said Alicia Johnson again, and I said, what

648
00:38:55,719 --> 00:38:58,200
Speaker 1: is that? She said, oh, he's just these sunglasses I got.

649
00:38:58,280 --> 00:38:59,120
Speaker 2: I don't worry about that.

650
00:39:00,280 --> 00:39:02,600
Speaker 1: And then for the next six months, every three days

651
00:39:02,640 --> 00:39:05,279
Speaker 1: I get another email from Alicia Johnson. So I said,

652
00:39:05,280 --> 00:39:08,359
Speaker 1: I gotta figure this out. Who's this Alicia Johnson? Come

653
00:39:08,440 --> 00:39:11,040
Speaker 1: to find out it's a close attachment to you.

654
00:39:12,360 --> 00:39:12,959
Speaker 2: It's your daughter.

655
00:39:13,000 --> 00:39:16,160
Speaker 1: So I want to talk about legacy and watching your

656
00:39:16,280 --> 00:39:20,000
Speaker 1: kids walking their journeys of entrepreneurship obviously Dre and the

657
00:39:20,040 --> 00:39:24,080
Speaker 1: EJ doing their things and their respective industries. What's that like,

658
00:39:24,160 --> 00:39:27,960
Speaker 1: watching your kids carve their own path and creating Because

659
00:39:27,960 --> 00:39:29,880
Speaker 1: I didn't know it was your daughter, it was the

660
00:39:29,920 --> 00:39:30,719
Speaker 1: product that sold.

661
00:39:30,800 --> 00:39:33,600
Speaker 2: What's that like for you? Well, it's a great moment.

662
00:39:33,719 --> 00:39:37,640
Speaker 5: We all want our kids to be more successful than ourselves,

663
00:39:37,680 --> 00:39:41,480
Speaker 5: you know, and so for me to be able to

664
00:39:41,960 --> 00:39:46,760
Speaker 5: watch my kids be happy, first of all, and also

665
00:39:47,280 --> 00:39:52,359
Speaker 5: to look at their dad or their mom and say, hey,

666
00:39:54,080 --> 00:39:55,279
Speaker 5: I want to be like them.

667
00:39:55,560 --> 00:39:59,239
Speaker 2: Right. So, my daughter she went to Ft and she.

668
00:40:01,200 --> 00:40:05,960
Speaker 5: Love sunglasses, She loved the dress, so she said to

669
00:40:06,040 --> 00:40:10,040
Speaker 5: me one day after she graduated, said Dad, I want

670
00:40:10,080 --> 00:40:13,400
Speaker 5: to start my eyewear line and I want you to

671
00:40:13,440 --> 00:40:21,000
Speaker 5: get me the seed money. And I said, okay, where's

672
00:40:21,000 --> 00:40:27,160
Speaker 5: a business plan? She said what, I'm your daughter. I said,

673
00:40:27,320 --> 00:40:30,120
Speaker 5: m M, you got to have a business plan. So

674
00:40:30,160 --> 00:40:35,440
Speaker 5: she went crying to Cookie, Dad don't love me, you know,

675
00:40:36,920 --> 00:40:41,080
Speaker 5: And so Cookie said, is that what he said? She

676
00:40:41,120 --> 00:40:43,880
Speaker 5: said no, Well what did he say? He said, I

677
00:40:43,920 --> 00:40:47,520
Speaker 5: have to have a business plan, so well, go right one.

678
00:40:47,920 --> 00:40:51,840
Speaker 5: So she came back two days later with a half

679
00:40:52,680 --> 00:40:58,839
Speaker 5: good business plan and I said no. She stormed out

680
00:40:58,880 --> 00:41:03,720
Speaker 5: the room again, and I said, you need two things,

681
00:41:04,920 --> 00:41:08,560
Speaker 5: you know, the p and ls. Where's the money section

682
00:41:08,920 --> 00:41:12,759
Speaker 5: the real business? And so she finally put that in

683
00:41:13,400 --> 00:41:18,800
Speaker 5: and I said, okay. So she's been very successful selling

684
00:41:18,800 --> 00:41:23,399
Speaker 5: them online. She built a great business for herself. I mean,

685
00:41:23,440 --> 00:41:26,160
Speaker 5: I'm you know, I cry every time I think about

686
00:41:26,160 --> 00:41:30,960
Speaker 5: it because again she took my trade on working hard.

687
00:41:31,080 --> 00:41:34,200
Speaker 5: Nobody's going to outwork her. And then this is what

688
00:41:34,360 --> 00:41:39,480
Speaker 5: really touched me about a year ago. We're riding and

689
00:41:39,560 --> 00:41:43,080
Speaker 5: she says to me, Dad, thank you for taking me

690
00:41:43,280 --> 00:41:48,400
Speaker 5: through getting a business plan. Six of my girlfriends started

691
00:41:48,400 --> 00:41:52,000
Speaker 5: their companies at the same time. I started mind and

692
00:41:52,040 --> 00:41:56,520
Speaker 5: they all failed, and I said, that's my job as

693
00:41:56,560 --> 00:41:59,960
Speaker 5: your father. You hated that I took you through that exercise,

694
00:42:00,200 --> 00:42:03,360
Speaker 5: but it has helped you in the long run. So

695
00:42:03,520 --> 00:42:07,440
Speaker 5: make sure that you have a solid business plan, everybody,

696
00:42:07,600 --> 00:42:10,719
Speaker 5: that's so important, and then adhere to that.

697
00:42:11,040 --> 00:42:11,239
Speaker 2: Right.

698
00:42:11,320 --> 00:42:14,680
Speaker 5: You can always make adjustments, but adhere to your business plan.

699
00:42:15,239 --> 00:42:17,000
Speaker 2: And then my son Ej. I love him.

700
00:42:17,000 --> 00:42:20,680
Speaker 5: He's fabulous, you know, EJ gonna be EJ. And he's

701
00:42:20,719 --> 00:42:25,560
Speaker 5: in entertainment doing a wonderful job. And then my son

702
00:42:25,640 --> 00:42:28,359
Speaker 5: Andre works for me. Now it's it's kind of cool

703
00:42:28,400 --> 00:42:31,600
Speaker 5: to go into office and see my son side by

704
00:42:31,680 --> 00:42:35,560
Speaker 5: side and doing his thing with me. And so it's

705
00:42:35,560 --> 00:42:38,480
Speaker 5: been it's been a joy to watch our three kids.

706
00:42:38,800 --> 00:42:41,399
Speaker 5: And now we have two grandchildren. So it's a blessing, man,

707
00:42:41,520 --> 00:42:43,320
Speaker 5: a real blessing, real blessing.

708
00:42:47,640 --> 00:42:49,400
Speaker 2: So I got to talk about mentorship.

709
00:42:50,600 --> 00:42:56,440
Speaker 3: You are a rookie, the Lakers, sensational player, and I

710
00:42:56,480 --> 00:42:57,759
Speaker 3: believe you kind of isolated.

711
00:42:57,760 --> 00:42:59,440
Speaker 2: It was a level of isolation.

712
00:42:59,080 --> 00:43:01,960
Speaker 3: In the locker room because you made friends with the

713
00:43:02,000 --> 00:43:05,760
Speaker 3: owner of the team, doctor Jerry Buss.

714
00:43:06,760 --> 00:43:09,000
Speaker 2: So you would have to bring this up. Go ahead.

715
00:43:11,080 --> 00:43:15,440
Speaker 3: So yeah, walk us through not only that relationship, but

716
00:43:15,600 --> 00:43:18,800
Speaker 3: he taught you and what made you, at that young

717
00:43:18,920 --> 00:43:23,040
Speaker 3: age have the foresight to go against the peer pressure

718
00:43:23,120 --> 00:43:26,080
Speaker 3: of the older veterans and put yourself in that position.

719
00:43:26,200 --> 00:43:28,560
Speaker 2: That's a great question. Look, I was curious, man.

720
00:43:28,800 --> 00:43:31,440
Speaker 5: I knew I wanted to be a businessman, but I

721
00:43:31,480 --> 00:43:34,239
Speaker 5: had to get up under somebody who was already doing

722
00:43:34,280 --> 00:43:38,719
Speaker 5: it and so he could give me knowledge. So it

723
00:43:38,800 --> 00:43:42,479
Speaker 5: happened to be the owner of the Lakers, doctor Jerry Buss, and.

724
00:43:42,600 --> 00:43:43,720
Speaker 2: I told him my dream.

725
00:43:43,840 --> 00:43:47,399
Speaker 5: After I was done winning championships with him, I wanted to.

726
00:43:48,960 --> 00:43:51,560
Speaker 2: Own businesses. And now you heard.

727
00:43:51,360 --> 00:43:54,880
Speaker 5: What I said first, right, you didn't miss what I

728
00:43:54,920 --> 00:44:01,600
Speaker 5: said first, right after I'm done winning what? Okay, after

729
00:44:01,640 --> 00:44:07,040
Speaker 5: I'm done doing what? See, I had to be serious

730
00:44:07,239 --> 00:44:11,799
Speaker 5: with that basketball first, and once I did what I

731
00:44:11,920 --> 00:44:15,800
Speaker 5: was able to do on that court in the summertime,

732
00:44:16,239 --> 00:44:19,200
Speaker 5: I would then go and spend a lot of time

733
00:44:19,280 --> 00:44:22,960
Speaker 5: with him for he can teach me. But I knew

734
00:44:22,960 --> 00:44:25,880
Speaker 5: that it wouldn't have worked out if I wasn't successful

735
00:44:25,920 --> 00:44:28,759
Speaker 5: on the basketball court. So I handled that business, got

736
00:44:28,840 --> 00:44:34,000
Speaker 5: up under him. So three years in, next thing, I know,

737
00:44:35,719 --> 00:44:39,920
Speaker 5: I'm coming into the locker room and the guy said, Irvin,

738
00:44:40,200 --> 00:44:41,279
Speaker 5: we got to talk to you.

739
00:44:42,320 --> 00:44:44,719
Speaker 2: I said, okay, what's going on. I thought we were gonna.

740
00:44:44,480 --> 00:44:46,759
Speaker 5: Talk about Larry Bird and the Celtics or something, how

741
00:44:46,760 --> 00:44:51,799
Speaker 5: we're gonna defend him or something. They said, no, you

742
00:44:51,920 --> 00:44:53,680
Speaker 5: can't be hanging around the owner.

743
00:44:53,719 --> 00:44:54,120
Speaker 2: No more.

744
00:44:55,400 --> 00:44:57,960
Speaker 5: It's an unwritten rule that players can't hang out with

745
00:44:58,000 --> 00:45:03,680
Speaker 5: the owner. All the guys now they head like, yeah,

746
00:45:03,760 --> 00:45:06,880
Speaker 5: So I took my time because I'm never gonna react first,

747
00:45:08,640 --> 00:45:12,520
Speaker 5: I said, what can I say? I said, Okay, you

748
00:45:12,600 --> 00:45:15,319
Speaker 5: guys are millionaires. Here a billionaire. I'm hanging out with

749
00:45:15,360 --> 00:45:20,360
Speaker 5: a billionaire because oh stop stop shop, because he's.

750
00:45:20,160 --> 00:45:24,640
Speaker 2: The only guy that can help me go where I

751
00:45:24,680 --> 00:45:26,680
Speaker 2: want to go. You see.

752
00:45:27,480 --> 00:45:31,120
Speaker 5: See, sometimes we forget about that and then don't let

753
00:45:31,160 --> 00:45:39,839
Speaker 5: your friend. See don't let them say you can't go.

754
00:45:45,200 --> 00:45:48,279
Speaker 5: See a lot of time our friend just because they

755
00:45:48,280 --> 00:45:55,520
Speaker 5: want to stay where they are, They.

756
00:45:55,440 --> 00:45:56,799
Speaker 2: Want us to stay there too.

757
00:46:01,239 --> 00:46:03,319
Speaker 5: If I would have listened to them, I wouldn't be

758
00:46:03,360 --> 00:46:04,440
Speaker 5: on this stage today.

759
00:46:05,600 --> 00:46:09,640
Speaker 2: See. So I stayed with that man.

760
00:46:09,760 --> 00:46:13,960
Speaker 5: He taught me so much and that's why I'm successful.

761
00:46:14,120 --> 00:46:14,960
Speaker 2: What did I do?

762
00:46:15,800 --> 00:46:18,680
Speaker 5: I took the knowledge that he gave me and brought

763
00:46:18,680 --> 00:46:22,239
Speaker 5: it to the black community right and started building my business.

764
00:46:22,800 --> 00:46:27,319
Speaker 5: So gain knowledge, as much knowledge as you can, be

765
00:46:27,400 --> 00:46:30,560
Speaker 5: as smart as you can, study as much as you can,

766
00:46:31,360 --> 00:46:34,960
Speaker 5: and always whether it's on your phone. I know a

767
00:46:35,000 --> 00:46:36,960
Speaker 5: lot of time we don't read the newspaper. I grew

768
00:46:37,040 --> 00:46:40,320
Speaker 5: up in the newspaper era, so I still read the newspaper.

769
00:46:40,360 --> 00:46:43,560
Speaker 5: You guys, get everything on your phone. Make sure you

770
00:46:43,760 --> 00:46:47,360
Speaker 5: just keep up with what's going on, the trends, what's happening,

771
00:46:47,880 --> 00:46:50,640
Speaker 5: whether it's that with AI. Now, black folks, we gotta

772
00:46:50,719 --> 00:46:55,160
Speaker 5: study AI, so we have to do that, right, So

773
00:46:55,719 --> 00:46:58,120
Speaker 5: just keep up on what's going on out here.

774
00:46:58,280 --> 00:47:03,120
Speaker 2: It's very important. So again, no, I won't gonna let.

775
00:47:03,000 --> 00:47:06,120
Speaker 5: Them all they should be concerned about when I come

776
00:47:06,200 --> 00:47:11,080
Speaker 5: down shaking and bacon and I throw that. No, look,

777
00:47:12,400 --> 00:47:15,440
Speaker 5: they better be worried about delivering that basket.

778
00:47:16,640 --> 00:47:17,120
Speaker 2: That's it.

779
00:47:18,400 --> 00:47:21,080
Speaker 5: What I do on that court, that's their concern. What

780
00:47:21,200 --> 00:47:24,920
Speaker 5: I do off that court wasn't they concern. Okay, I'm

781
00:47:24,960 --> 00:47:26,720
Speaker 5: gonna handle my business on that court.

782
00:47:29,080 --> 00:47:32,319
Speaker 1: You handle your business in the boardroom as well. And selfishly,

783
00:47:32,680 --> 00:47:34,560
Speaker 1: I talked to you backstage about it. One of the

784
00:47:34,600 --> 00:47:37,480
Speaker 1: things I'm most proud of is that there now owner

785
00:47:37,520 --> 00:47:39,520
Speaker 1: of the Washington Commanders.

786
00:47:42,400 --> 00:47:44,360
Speaker 2: Yes, sir, childhood team of mind.

787
00:47:45,719 --> 00:47:48,640
Speaker 1: But having black ownership in the NFL is probably one

788
00:47:48,640 --> 00:47:51,000
Speaker 1: of the hardest things to do. Ye talk about that

789
00:47:51,080 --> 00:47:53,759
Speaker 1: moment and partnering with Joe Harrison. What was that like

790
00:47:53,880 --> 00:47:56,440
Speaker 1: being a part of our ownership group pitching to the

791
00:47:56,520 --> 00:48:00,239
Speaker 1: NFL to say we need to change this franchise. Feel

792
00:48:00,239 --> 00:48:02,239
Speaker 1: like you've done a great job. I appreciate that.

793
00:48:02,239 --> 00:48:02,399
Speaker 2: Man.

794
00:48:02,560 --> 00:48:07,840
Speaker 5: Well, first of all, you know, I got every team

795
00:48:07,920 --> 00:48:10,360
Speaker 5: almost in terms of in every sport, I got a

796
00:48:10,400 --> 00:48:14,480
Speaker 5: team almost right, and so the NFL was the last one.

797
00:48:15,680 --> 00:48:19,919
Speaker 5: And I never thought it's gonna happen because I didn't

798
00:48:19,920 --> 00:48:23,319
Speaker 5: see us. We see ourselves on the field and we

799
00:48:23,480 --> 00:48:26,560
Speaker 5: take care of our business as players on that football field.

800
00:48:27,040 --> 00:48:30,000
Speaker 5: We also we seen it in the coaching ranks and

801
00:48:30,040 --> 00:48:34,040
Speaker 5: now sometimes even in the executive roles, but we hadn't

802
00:48:34,120 --> 00:48:39,319
Speaker 5: seen it in the ownership role. And so once that

803
00:48:39,520 --> 00:48:43,200
Speaker 5: happened for me, I was so blessed, not just for me,

804
00:48:43,280 --> 00:48:46,680
Speaker 5: but now what they've done in Atlanta, and we should

805
00:48:46,680 --> 00:48:47,880
Speaker 5: clap for that because you got.

806
00:48:47,760 --> 00:48:49,560
Speaker 2: Black ownership here with the Falcons.

807
00:48:50,280 --> 00:48:57,000
Speaker 5: You know, now Denver black ownership, so now we're starting

808
00:48:57,000 --> 00:49:01,000
Speaker 5: to see us being those roles as owners. Why that's

809
00:49:01,080 --> 00:49:05,000
Speaker 5: important not only for myself, also for the players, right,

810
00:49:05,040 --> 00:49:08,600
Speaker 5: they feel better about it as well. So it's been

811
00:49:08,680 --> 00:49:11,160
Speaker 5: great for Cookie and Eye to be involved with the

812
00:49:11,200 --> 00:49:15,400
Speaker 5: commanders and two in two years, we've turned it around.

813
00:49:16,040 --> 00:49:19,760
Speaker 5: We're heading in a positive direction. The fans are back

814
00:49:20,719 --> 00:49:23,600
Speaker 5: and always about that quarterback boy. We got a brother

815
00:49:23,680 --> 00:49:27,440
Speaker 5: that can, he's a bad boy and Jay Daniels and

816
00:49:27,520 --> 00:49:31,800
Speaker 5: so we're excited about him and.

817
00:49:30,840 --> 00:49:35,080
Speaker 2: And to do it in d C Man Chocolate City,

818
00:49:35,200 --> 00:49:36,320
Speaker 2: the DMV.

819
00:49:36,160 --> 00:49:43,160
Speaker 5: Brother Man, it's a it's a beautiful thing. So again

820
00:49:43,280 --> 00:49:49,520
Speaker 5: I can't stop working though. Let me tell you guys something. See,

821
00:49:49,520 --> 00:49:53,000
Speaker 5: when you get there, it's hard to get there, but

822
00:49:53,080 --> 00:50:01,359
Speaker 5: it's even high harder to stay there. M So when

823
00:50:01,360 --> 00:50:05,440
Speaker 5: you get there, you just starting.

824
00:50:06,760 --> 00:50:08,720
Speaker 2: I know they waiting on me to make a mistake.

825
00:50:08,800 --> 00:50:09,680
Speaker 2: I already know that.

826
00:50:16,160 --> 00:50:19,200
Speaker 5: So that's why I'm so careful about what I do,

827
00:50:19,800 --> 00:50:26,880
Speaker 5: what I put out there on social media, how I

828
00:50:26,920 --> 00:50:30,359
Speaker 5: am as a husband or father, now a grandfather.

829
00:50:32,520 --> 00:50:34,680
Speaker 2: So it's so important.

830
00:50:36,360 --> 00:50:39,400
Speaker 5: Because your business, that sussess can go just like that,

831
00:50:41,320 --> 00:50:42,839
Speaker 5: just as fast as you got it.

832
00:50:42,840 --> 00:50:44,320
Speaker 2: It can go just that fast.

833
00:50:45,800 --> 00:50:49,040
Speaker 5: So make sure that you're making all the right decisions

834
00:50:49,040 --> 00:50:52,920
Speaker 5: in the right moves, which is very important.

835
00:50:53,160 --> 00:50:58,560
Speaker 2: And so I always think back.

836
00:50:58,520 --> 00:51:03,720
Speaker 5: When I when we got the commanders man and cooking

837
00:51:03,800 --> 00:51:08,120
Speaker 5: our we were on the plane, I said, baby, I

838
00:51:08,200 --> 00:51:12,640
Speaker 5: remember when we had the peanut butter but no jelly.

839
00:51:13,600 --> 00:51:14,640
Speaker 2: I remember when.

840
00:51:14,440 --> 00:51:18,080
Speaker 5: We had the kool aid but no no sugar.

841
00:51:19,080 --> 00:51:19,960
Speaker 2: See, I went.

842
00:51:19,840 --> 00:51:23,440
Speaker 5: Back to how I grew up and and I just

843
00:51:23,480 --> 00:51:26,400
Speaker 5: sat there on the plane thanking God for putting me

844
00:51:26,520 --> 00:51:31,680
Speaker 5: in this position. But stop, stop, stop. But also I

845
00:51:31,840 --> 00:51:38,040
Speaker 5: know what to do with it. Oh oh oh oh see.

846
00:51:38,040 --> 00:51:39,799
Speaker 5: You gotta know what to do with it when you

847
00:51:39,840 --> 00:51:44,920
Speaker 5: get blessed, and make sure you bless others. That's why

848
00:51:44,960 --> 00:51:49,120
Speaker 5: I've been blessed, because I blessed others, and that's that's

849
00:51:49,160 --> 00:51:52,680
Speaker 5: what's important. So yeah, I'm feeling good, and it's a

850
00:51:52,719 --> 00:51:57,320
Speaker 5: great thing to be in the NFL. We gotta keep keep,

851
00:51:57,800 --> 00:52:01,799
Speaker 5: Hopefully more minorities will keep being in an ownership role.

852
00:52:02,640 --> 00:52:08,440
Speaker 5: And I think what you're doing here today, there's some

853
00:52:08,520 --> 00:52:12,560
Speaker 5: future owners. You're gonna have a lot of billionaires out here,

854
00:52:12,600 --> 00:52:25,000
Speaker 5: because that's what it's all about, multi multi millionaires. Now,

855
00:52:25,760 --> 00:52:31,919
Speaker 5: put yourself there every time I did something. I put

856
00:52:31,960 --> 00:52:36,160
Speaker 5: myself there and then I went after it. All right,

857
00:52:36,160 --> 00:52:43,960
Speaker 5: write this in your phone right quick? See long now

858
00:52:44,640 --> 00:52:48,200
Speaker 5: the days of five ten years, that's over with. Now

859
00:52:50,120 --> 00:52:55,200
Speaker 5: everything you should go after should be three years. Okay

860
00:52:57,080 --> 00:52:59,400
Speaker 5: in terms of hey, I want to start that business

861
00:52:59,480 --> 00:53:00,920
Speaker 5: or I want to coomplisice.

862
00:53:00,520 --> 00:53:04,000
Speaker 2: This, give yourself three years.

863
00:53:04,960 --> 00:53:09,920
Speaker 5: I want you to then go home, talk to your partner, wife, husband, whoever,

864
00:53:10,960 --> 00:53:16,000
Speaker 5: and say, honey, give me three years. I went to

865
00:53:16,080 --> 00:53:19,200
Speaker 5: Cookie and said, I need three years to be on

866
00:53:19,239 --> 00:53:24,319
Speaker 5: the road. I got to build my business, but it's

867
00:53:24,400 --> 00:53:28,680
Speaker 5: our business. Can you handle the kids for three years

868
00:53:28,960 --> 00:53:32,640
Speaker 5: without me being there a lot? She said, honey, go

869
00:53:32,719 --> 00:53:39,840
Speaker 5: do your thing, and look what happened. You see because

870
00:53:41,000 --> 00:53:45,399
Speaker 5: if you get longer than three years, that means you

871
00:53:45,400 --> 00:53:48,240
Speaker 5: you haven't put one hundred and fifty percent into building

872
00:53:48,280 --> 00:53:52,839
Speaker 5: this business. But you gotta have sign off with your

873
00:53:52,880 --> 00:53:56,799
Speaker 5: partner because they have to understand that, hey, date night,

874
00:53:56,960 --> 00:54:01,880
Speaker 5: what it used to be might not be there. So

875
00:54:02,000 --> 00:54:04,960
Speaker 5: when she or he buys into that, now you good.

876
00:54:08,400 --> 00:54:11,239
Speaker 5: So that's very very important. Three I do everything in

877
00:54:11,280 --> 00:54:13,920
Speaker 5: three years. I told my wife, I'm gonna have a

878
00:54:13,960 --> 00:54:16,920
Speaker 5: plane in three years. Let me do all save up

879
00:54:16,960 --> 00:54:22,760
Speaker 5: the money. Let me understand the plane industry. What happened

880
00:54:22,760 --> 00:54:26,799
Speaker 5: three years? I got the plane boom. You know, you

881
00:54:26,960 --> 00:54:28,960
Speaker 5: just keep going so all the things I want to

882
00:54:29,040 --> 00:54:34,080
Speaker 5: do three years. I can't wait to see what happens

883
00:54:34,120 --> 00:54:39,319
Speaker 5: to this in three years. Ah, I can't hear you.

884
00:54:39,360 --> 00:54:52,880
Speaker 5: Come on now, they are already billionaires. You know why

885
00:54:53,719 --> 00:54:57,160
Speaker 5: because they're blessing you with knowledge. See, God gonna bless them,

886
00:54:57,200 --> 00:55:05,320
Speaker 5: both of them. Oh, they they on their way because

887
00:55:05,360 --> 00:55:10,040
Speaker 5: they blessing you with so much knowledge, so much access.

888
00:55:12,480 --> 00:55:20,600
Speaker 2: What a black what the black people need? Access? Man? Man,

889
00:55:20,800 --> 00:55:21,640
Speaker 2: I gotta come back.

890
00:55:22,360 --> 00:55:24,080
Speaker 5: You don't even have to pay me when I come

891
00:55:24,120 --> 00:55:25,759
Speaker 5: back next time, you don't even have to pay me.

892
00:55:25,800 --> 00:55:39,160
Speaker 2: I'm coming back older two holder two.

893
00:55:41,440 --> 00:55:48,239
Speaker 5: Stop, stay up, stop, stop, stay up now. Thank thank you,

894
00:55:48,320 --> 00:55:51,160
Speaker 5: love your back to love your back for real. I

895
00:55:51,200 --> 00:55:54,000
Speaker 5: want you to know something and hear this. We were

896
00:55:54,040 --> 00:55:56,279
Speaker 5: both taught, all three of us, was talking about this

897
00:55:59,280 --> 00:56:02,560
Speaker 5: the last year generation, a couple generations back, all those

898
00:56:02,600 --> 00:56:06,520
Speaker 5: successful black men and women took the knowledge to the

899
00:56:06,560 --> 00:56:12,280
Speaker 5: grave with them. That hurt our community.

900
00:56:12,760 --> 00:56:13,000
Speaker 2: See.

901
00:56:13,320 --> 00:56:17,080
Speaker 5: I'm standing here in front of you because I want

902
00:56:17,120 --> 00:56:23,200
Speaker 5: you to be successful and always remember it's enough room

903
00:56:23,280 --> 00:56:32,720
Speaker 5: for everybody. We forget that, we forget that. Look what happened.

904
00:56:32,760 --> 00:56:36,759
Speaker 5: Let me now sit down, Look what happened. Now. I

905
00:56:36,760 --> 00:56:43,720
Speaker 5: gotta give you this look Junior Bridgeman before he passed away,

906
00:56:44,360 --> 00:56:53,560
Speaker 5: basketball player, billionaire Lebron Michael Jordan. You see, it just

907
00:56:53,640 --> 00:56:56,360
Speaker 5: keeps going. It's enough room for everybody.

908
00:56:57,960 --> 00:56:59,920
Speaker 2: And when Michael and I see each other, we patty

909
00:57:00,000 --> 00:57:03,239
Speaker 2: each other on the back. Man, can you believe it?

910
00:57:05,200 --> 00:57:05,920
Speaker 2: Can I beat him?

911
00:57:06,000 --> 00:57:10,600
Speaker 5: Now? He got that one on one thing. See, I'm

912
00:57:10,680 --> 00:57:12,520
Speaker 5: always gonna be honest with myself.

913
00:57:14,719 --> 00:57:16,040
Speaker 2: The only thing I beat.

914
00:57:15,840 --> 00:57:18,680
Speaker 5: Michael in is them no little passes and leadership.

915
00:57:26,840 --> 00:57:29,240
Speaker 2: Oh talking about it.

916
00:57:29,240 --> 00:57:32,479
Speaker 5: It ain't no question, just like it ain't no question

917
00:57:32,600 --> 00:57:32,840
Speaker 5: what he.

918
00:57:32,880 --> 00:57:35,480
Speaker 2: Gonna do to me, dunks and all that.

919
00:57:36,440 --> 00:57:39,120
Speaker 5: But you know that's what makes him a bad boy

920
00:57:39,160 --> 00:57:40,440
Speaker 5: and the best that's ever done it.

921
00:57:41,440 --> 00:57:45,360
Speaker 2: Don't don't get it twisted. I love Lebron, but mm

922
00:57:45,440 --> 00:57:50,640
Speaker 2: hmm no, no, no, no, yeah, we got that documented,

923
00:57:51,120 --> 00:57:54,560
Speaker 2: that documented. Okay, I shot you heard that. Hold up?

924
00:57:54,600 --> 00:57:58,320
Speaker 2: You know Lebron's I love my boy. I love him.

925
00:57:58,600 --> 00:57:59,720
Speaker 2: But when Michael.

926
00:57:59,520 --> 00:58:05,280
Speaker 7: Jordan took go on with that Tarlil, hold up, hold up,

927
00:58:05,320 --> 00:58:07,840
Speaker 7: hold up, listen, because a lot of you wasn't born then,

928
00:58:09,320 --> 00:58:13,880
Speaker 7: nineteen ninety one against my Lakers right hand, we thought

929
00:58:13,880 --> 00:58:16,400
Speaker 7: we had him.

930
00:58:16,600 --> 00:58:22,320
Speaker 5: He looked as we went down, he switched it to

931
00:58:22,360 --> 00:58:30,000
Speaker 5: the left. Here Tom went left, spunning against the glass

932
00:58:30,160 --> 00:58:34,480
Speaker 5: and good. There's nobody alive that's been able to do

933
00:58:34,840 --> 00:58:37,600
Speaker 5: just that. That boy is too bad, I'm telling you

934
00:58:37,680 --> 00:58:42,800
Speaker 5: right now. But Lebron is a bad boy too. He's

935
00:58:42,800 --> 00:58:46,920
Speaker 5: a bad boy, but he's not Michael. Appreciate that magic.

936
00:58:47,920 --> 00:58:48,480
Speaker 2: Look at it.

937
00:58:53,640 --> 00:58:54,840
Speaker 8: Look at that face right there.

938
00:58:57,040 --> 00:58:59,960
Speaker 2: Oh my staying on that. I always wanted that.

939
00:59:00,000 --> 00:59:03,840
Speaker 3: I ask you this question as a basketball fan, that

940
00:59:03,960 --> 00:59:06,800
Speaker 3: Barcelona experience. I mean, we watched documentaries and all that.

941
00:59:07,480 --> 00:59:10,200
Speaker 3: What was it like being with the greatest players of

942
00:59:10,240 --> 00:59:13,160
Speaker 3: all time, greatest team of all time? What's the story

943
00:59:13,200 --> 00:59:14,400
Speaker 3: that maybe nobody knows?

944
00:59:14,400 --> 00:59:14,720
Speaker 2: Like, what's that?

945
00:59:14,800 --> 00:59:19,280
Speaker 3: What's a great memory from you on that dream team? Okay, well,

946
00:59:19,360 --> 00:59:26,640
Speaker 3: let let me first put it in perspective. First. See,

947
00:59:26,800 --> 00:59:27,479
Speaker 3: see I learned.

948
00:59:27,800 --> 00:59:30,880
Speaker 5: I'm a visual learner, and also I learned what I

949
00:59:30,960 --> 00:59:32,000
Speaker 5: read and so on and on.

950
00:59:32,880 --> 00:59:36,960
Speaker 2: So we go to Spain. I'm jumping ahead and reason

951
00:59:37,000 --> 00:59:37,240
Speaker 2: for that.

952
00:59:38,920 --> 00:59:42,400
Speaker 5: So we go to Spain and they're having this big

953
00:59:42,440 --> 00:59:47,280
Speaker 5: reception and we're on this yacht. The air conditioning go

954
00:59:47,360 --> 00:59:50,800
Speaker 5: out in the yacht, so they had us all go

955
00:59:50,920 --> 00:59:54,520
Speaker 5: off the yacht and go back on the bus. Another

956
00:59:54,640 --> 00:59:58,400
Speaker 5: yacht pulls up, so we all get on the second yacht.

957
00:59:58,400 --> 01:00:02,200
Speaker 5: So we're talking to the guy and I'm talking to

958
01:00:02,240 --> 01:00:05,920
Speaker 5: the guy, excuse me, and I said, man, that's crazy.

959
01:00:05,920 --> 01:00:12,360
Speaker 5: A second yacht came up. Well, who's yacht that broke down?

960
01:00:12,440 --> 01:00:12,840
Speaker 2: He said?

961
01:00:12,920 --> 01:00:16,080
Speaker 5: The guy said, it's my yacht. I said, well, who

962
01:00:16,960 --> 01:00:19,760
Speaker 5: yacht is this one? He said, this one is mine too.

963
01:00:19,880 --> 01:00:31,720
Speaker 5: I said that let me know wealth, wealthy rich. It

964
01:00:31,800 --> 01:00:35,840
Speaker 5: is a whole different thing. And I said, wow, I

965
01:00:35,880 --> 01:00:38,800
Speaker 5: want to be like him. I tell him this story.

966
01:00:39,960 --> 01:00:42,840
Speaker 5: Mickey Erison, or the owner of the Miami heat He

967
01:00:43,000 --> 01:00:47,520
Speaker 5: changed my life because that let me know that I

968
01:00:47,600 --> 01:00:50,960
Speaker 5: had a long way to go. And I thank him

969
01:00:50,960 --> 01:00:56,320
Speaker 5: for talking to me that whole time. So we're Monico

970
01:00:56,960 --> 01:01:02,960
Speaker 5: and Prince Raynier to us in the Big Castle and

971
01:01:03,600 --> 01:01:09,880
Speaker 5: we're up there. So we're in Texas. All the guys

972
01:01:09,880 --> 01:01:15,680
Speaker 5: were over here talking. Prince Rayner and Commissioner Stern was

973
01:01:15,720 --> 01:01:18,760
Speaker 5: over there. So I get up and I go over.

974
01:01:19,880 --> 01:01:21,960
Speaker 5: I got to meet this dude who run all the

975
01:01:22,080 --> 01:01:26,080
Speaker 5: money co. See that's who I am. Man, Hey, brother,

976
01:01:26,200 --> 01:01:32,200
Speaker 5: y'all cool. But this dude here, so I go introduce myself.

977
01:01:33,080 --> 01:01:35,800
Speaker 5: He said, Oh, Magice, I know who you are. I said,

978
01:01:36,160 --> 01:01:37,400
Speaker 5: how do you run all of this?

979
01:01:37,600 --> 01:01:40,360
Speaker 2: You know? Drop some knowledge on me? Man. I stood

980
01:01:40,360 --> 01:01:41,760
Speaker 2: over there for about thirty.

981
01:01:41,520 --> 01:01:44,520
Speaker 5: Minutes talking to him about Monico.

982
01:01:44,360 --> 01:01:47,959
Speaker 2: And on and on and on. You know what he did?

983
01:01:48,520 --> 01:01:50,880
Speaker 5: He called his son and daughter over and introduced me

984
01:01:50,920 --> 01:01:53,760
Speaker 5: to them. Said, as long as Magic is here, you

985
01:01:53,800 --> 01:01:56,720
Speaker 5: hang out with Magic. So they took me to the

986
01:01:56,840 --> 01:01:58,640
Speaker 5: nightclubs and on and on and on.

987
01:01:59,480 --> 01:02:02,360
Speaker 2: But guess what now his son the same one I

988
01:02:02,440 --> 01:02:03,280
Speaker 2: was hanging out with.

989
01:02:04,440 --> 01:02:09,440
Speaker 5: It's the Prince of Monico, now right, I said. See,

990
01:02:10,120 --> 01:02:12,880
Speaker 5: that's why I'm glad. I ran over there and Matt

991
01:02:12,920 --> 01:02:18,360
Speaker 5: the man. But why am I saying this? Sometimes you

992
01:02:18,440 --> 01:02:20,440
Speaker 5: gotta step out that group that you in.

993
01:02:21,520 --> 01:02:24,360
Speaker 2: Oh oh oh, oh oh oh.

994
01:02:27,080 --> 01:02:30,080
Speaker 5: You keep hanging around the same people, you only gonna

995
01:02:30,120 --> 01:02:36,000
Speaker 5: get the same results. Oh, get out of your comfort

996
01:02:36,080 --> 01:02:40,320
Speaker 5: zone when you go to that function and it's somebody.

997
01:02:39,880 --> 01:02:41,760
Speaker 2: Over there, go on over there.

998
01:02:43,480 --> 01:02:46,280
Speaker 5: Hey, I'm so and so just want to say I

999
01:02:46,280 --> 01:02:49,320
Speaker 5: admire you, or how did you get to where you

1000
01:02:49,400 --> 01:02:55,160
Speaker 5: are it takes two or three minutes, but sometime we are.

1001
01:02:55,440 --> 01:02:59,520
Speaker 2: No, I don't want to bother them or I'm not

1002
01:02:59,680 --> 01:03:00,080
Speaker 2: like that.

1003
01:03:00,160 --> 01:03:03,320
Speaker 5: I'm gonna go over there and get me that knowledge

1004
01:03:03,320 --> 01:03:05,840
Speaker 5: that I'm looking for, and it has.

1005
01:03:05,680 --> 01:03:12,080
Speaker 2: Paid off for me. So you that elevator speech is real.

1006
01:03:14,240 --> 01:03:17,400
Speaker 5: So when you got those three minutes riding up that elevator,

1007
01:03:17,440 --> 01:03:18,400
Speaker 5: take advantage of that.

1008
01:03:19,000 --> 01:03:21,120
Speaker 2: So the Dream Team was the greatest.

1009
01:03:22,160 --> 01:03:26,880
Speaker 5: Basketball I've ever been involved in. And to be the

1010
01:03:26,920 --> 01:03:32,880
Speaker 5: point guard on that team and represent the NBA and

1011
01:03:32,920 --> 01:03:36,000
Speaker 5: our country, and but just to be able to hang

1012
01:03:36,040 --> 01:03:39,200
Speaker 5: out with Michael and play with him. Finally, Larry Bird

1013
01:03:39,280 --> 01:03:43,320
Speaker 5: and Charles Barkley, the Slimmer was the Slimmers, Child Barklay,

1014
01:03:44,960 --> 01:03:51,440
Speaker 5: Patrick Ewing, David Robinson, Scottie Pippen, Chris Mullen, Clyde Drexer,

1015
01:03:51,560 --> 01:03:56,000
Speaker 5: and I mean it was just amazing. We just job,

1016
01:03:56,440 --> 01:03:59,000
Speaker 5: you know, we just it's the greatest team ever assembled.

1017
01:03:59,080 --> 01:04:03,040
Speaker 5: And so I'm excited to say I was on that team.

1018
01:04:03,240 --> 01:04:03,439
Speaker 2: Yep.

1019
01:04:04,760 --> 01:04:07,880
Speaker 1: But before we go, you talked about the yachts, you

1020
01:04:07,960 --> 01:04:10,160
Speaker 1: talked about your image on social media.

1021
01:04:11,160 --> 01:04:12,320
Speaker 2: We saw you on the treadmill.

1022
01:04:14,520 --> 01:04:16,120
Speaker 1: I mean, we saw you on the tread mill. We

1023
01:04:16,680 --> 01:04:20,720
Speaker 1: saw you with the basketball court on the yacht. It

1024
01:04:20,840 --> 01:04:23,800
Speaker 1: talks about earning your leisure, which is obviously our name

1025
01:04:23,840 --> 01:04:29,320
Speaker 1: and our brand, but being able to vacation and find

1026
01:04:29,360 --> 01:04:31,960
Speaker 1: balance and find peace with your family. Talk about the

1027
01:04:31,960 --> 01:04:34,200
Speaker 1: importance of that and all this man, because it's chaos,

1028
01:04:34,240 --> 01:04:35,600
Speaker 1: but you find tell them.

1029
01:04:35,360 --> 01:04:39,160
Speaker 5: Well, I can't do this without that. You know, I

1030
01:04:39,560 --> 01:04:42,680
Speaker 5: love dating my wife. So when I go on those

1031
01:04:42,720 --> 01:04:44,880
Speaker 5: six weeks, we're able to date.

1032
01:04:45,000 --> 01:04:49,760
Speaker 2: And there's like two veried people here. They clubs like

1033
01:04:49,800 --> 01:04:50,640
Speaker 2: that section right there.

1034
01:04:50,680 --> 01:04:53,760
Speaker 5: Yeah yeah, yeah, yeah, yeah yeah.

1035
01:04:53,240 --> 01:04:55,440
Speaker 2: And so it's a lot of fun.

1036
01:04:55,560 --> 01:05:00,200
Speaker 5: And because you know, when I'm grinding, I'm grinding, so

1037
01:05:00,880 --> 01:05:03,520
Speaker 5: I'm working, So this gives me a chance to be

1038
01:05:03,600 --> 01:05:07,400
Speaker 5: with my family. And then last but not least, when

1039
01:05:07,400 --> 01:05:10,680
Speaker 5: I was traveling is important, right, so you can.

1040
01:05:10,560 --> 01:05:11,240
Speaker 2: See the world.

1041
01:05:11,960 --> 01:05:16,080
Speaker 5: And I love traveling, Cookie and I just love it.

1042
01:05:16,240 --> 01:05:21,640
Speaker 5: And so I remember when Denzel see Denzel introduced yachting

1043
01:05:21,680 --> 01:05:26,400
Speaker 5: to me, and I seen that I was able to

1044
01:05:26,560 --> 01:05:29,040
Speaker 5: open it up for a lot of other blacks to

1045
01:05:29,160 --> 01:05:31,800
Speaker 5: now go. And Cookie and I have been yachting now

1046
01:05:31,840 --> 01:05:34,800
Speaker 5: for thirty two years. So it's a blessing to to

1047
01:05:34,840 --> 01:05:38,600
Speaker 5: do it. But at the same time. This is what

1048
01:05:38,640 --> 01:05:41,640
Speaker 5: I want you to take from that. When I was

1049
01:05:41,640 --> 01:05:45,200
Speaker 5: in Montico in nineteen ninety two, we just talked about this.

1050
01:05:47,440 --> 01:05:51,160
Speaker 5: I saw the yachts down there, and I told myself,

1051
01:05:51,560 --> 01:05:53,280
Speaker 5: one day, I'm gonna be on one of them.

1052
01:05:54,400 --> 01:05:56,520
Speaker 2: See it didn't happen right away because I didn't have

1053
01:05:56,640 --> 01:06:08,040
Speaker 2: enough money. But what did I do? In three years?

1054
01:06:08,160 --> 01:06:10,480
Speaker 5: I say I'm gonna be on that yacht. And what happened?

1055
01:06:10,760 --> 01:06:14,840
Speaker 5: In three years? I was on that yacht. See what

1056
01:06:14,960 --> 01:06:18,800
Speaker 5: you say, you've been yachting for three years, or you

1057
01:06:18,840 --> 01:06:22,880
Speaker 5: will be yachting in three, four or three years. See

1058
01:06:22,920 --> 01:06:26,520
Speaker 5: that's that's that's it. We just listen. We want to

1059
01:06:26,560 --> 01:06:29,600
Speaker 5: open it up for our people to know that traveling

1060
01:06:29,720 --> 01:06:30,400
Speaker 5: is wonderful.

1061
01:06:30,640 --> 01:06:32,840
Speaker 2: It's not about the yacht. Whatever you can do.

1062
01:06:33,440 --> 01:06:35,800
Speaker 5: I just saw Luda, Chris and Kevin Hurt out there.

1063
01:06:35,880 --> 01:06:39,080
Speaker 5: That's great, let's keep doing it. But the main thing

1064
01:06:39,240 --> 01:06:42,840
Speaker 5: is understand that you can do it one day if

1065
01:06:42,880 --> 01:06:45,120
Speaker 5: that's what you want to do. Now, everybody stand up.

1066
01:06:46,920 --> 01:06:48,920
Speaker 5: No phone in your hand. I don't want nothing in

1067
01:06:48,960 --> 01:06:54,880
Speaker 5: your hand. First of all, let's give God some glory

1068
01:06:54,920 --> 01:07:13,120
Speaker 5: because we're here right. I can't hear you come on now, now,

1069
01:07:16,080 --> 01:07:19,880
Speaker 5: I've given you some nuggets. These two gentlemen, for the

1070
01:07:19,960 --> 01:07:23,200
Speaker 5: last three days, but also for the last years, have

1071
01:07:23,280 --> 01:07:29,080
Speaker 5: been giving you unbelievable nuggets on your business.

1072
01:07:28,720 --> 01:07:32,240
Speaker 2: How to take yourself to the next level. I can't

1073
01:07:32,280 --> 01:07:32,920
Speaker 2: hear you. Come on.

1074
01:07:42,360 --> 01:07:47,120
Speaker 5: God has placed two vessels in your life right.

1075
01:07:46,960 --> 01:07:52,720
Speaker 2: Here, two kings. And you know what.

1076
01:07:54,080 --> 01:07:57,160
Speaker 5: It hasn't been about them. It's been about.

1077
01:07:56,920 --> 01:07:58,800
Speaker 2: You and.

1078
01:08:01,280 --> 01:08:01,600
Speaker 3: M h.

1079
01:08:04,560 --> 01:08:09,400
Speaker 2: All right, So let's start off with the If somebody

1080
01:08:09,480 --> 01:08:10,840
Speaker 2: gonna be a millionaire in the.

1081
01:08:10,800 --> 01:08:12,680
Speaker 5: Next three years, clap two times.

1082
01:08:16,640 --> 01:08:22,839
Speaker 2: All right, doc, if you're gonna be a more time.

1083
01:08:22,720 --> 01:08:33,320
Speaker 5: Millionaire in the next three years, clap. Okay, okay. I'm

1084
01:08:33,320 --> 01:08:36,280
Speaker 5: about to draw this one. I'm about to draw this one.

1085
01:08:36,560 --> 01:08:38,960
Speaker 5: I'm about to draw this one.

1086
01:08:40,120 --> 01:08:41,679
Speaker 8: Billionaires let me here.

1087
01:08:41,800 --> 01:08:51,880
Speaker 2: But all right now, just do me a favor.

1088
01:08:52,320 --> 01:08:54,400
Speaker 5: I don't care who next to you, because it's gonna

1089
01:08:54,439 --> 01:08:58,160
Speaker 5: take a village to do this. I wanna grab people

1090
01:08:58,200 --> 01:09:00,840
Speaker 5: hand right quick. Let's go right next to you. Bow

1091
01:09:00,880 --> 01:09:04,880
Speaker 5: your heads because God gonna put that favor on you

1092
01:09:05,160 --> 01:09:08,920
Speaker 5: and it's gonna happen. Oh Heaven and Father, we say

1093
01:09:09,000 --> 01:09:12,080
Speaker 5: thank you, thank you, and thank you. Why are we

1094
01:09:12,160 --> 01:09:14,519
Speaker 5: saying thank you because you woke us up this morning.

1095
01:09:15,680 --> 01:09:21,440
Speaker 5: Thank you for these two incredible men who have decided

1096
01:09:21,479 --> 01:09:25,439
Speaker 5: to bless not only themselves in their own families, but

1097
01:09:25,600 --> 01:09:29,080
Speaker 5: all of us in this auditorium.

1098
01:09:29,120 --> 01:09:31,160
Speaker 2: You are using them so.

1099
01:09:31,000 --> 01:09:35,280
Speaker 5: That they can bless others and they can be successful

1100
01:09:35,920 --> 01:09:38,400
Speaker 5: right along with all of these incredible people.

1101
01:09:39,760 --> 01:09:43,320
Speaker 2: Now, I know that you have the power and.

1102
01:09:43,160 --> 01:09:49,080
Speaker 5: The tools to make everybody in this room successful. And

1103
01:09:49,120 --> 01:09:51,879
Speaker 5: if they follow you and keep you on their hearts,

1104
01:09:52,479 --> 01:09:57,759
Speaker 5: they will definitely be successful. So touch everybody, Bless everybody

1105
01:09:57,760 --> 01:10:03,600
Speaker 5: as they leave this incredible auditorium and this incredible convention,

1106
01:10:04,640 --> 01:10:09,360
Speaker 5: that they can be multi millionaires, millionaires and billionaires. In

1107
01:10:09,439 --> 01:10:13,520
Speaker 5: Jesus name, we pray, Amen, God bless you.

1108
01:10:14,400 --> 01:10:18,080
Speaker 10: An illegal alien from Guatemala charged with raping a child

1109
01:10:18,120 --> 01:10:21,880
Speaker 10: in Massachusetts. An MS thirteen gang member from Al Salvador

1110
01:10:22,160 --> 01:10:26,280
Speaker 10: accused of murdering a Texas man of Venezuelan charged with

1111
01:10:26,360 --> 01:10:30,240
Speaker 10: filming and selling child pornography in Michigan. These are just

1112
01:10:30,360 --> 01:10:34,120
Speaker 10: some of the heinous migrant criminals caught because of President

1113
01:10:34,120 --> 01:10:34,559
Speaker 10: Donald J.

1114
01:10:34,640 --> 01:10:38,439
Speaker 11: Trump's leadership. I'm Christy Noman, the United States Secretary of

1115
01:10:38,479 --> 01:10:43,280
Speaker 11: Homeland Security under President Trump. Attempted illegal border crossings are

1116
01:10:43,320 --> 01:10:46,679
Speaker 11: at the lowest levels ever recorded, and over one hundred

1117
01:10:46,720 --> 01:10:50,600
Speaker 11: thousand illegal aliens have been arrested. If you are here illegally,

1118
01:10:51,120 --> 01:10:54,400
Speaker 11: your next you will be fine nearly one thousand dollars

1119
01:10:54,479 --> 01:10:56,560
Speaker 11: a day, imprisoned, and deported.

1120
01:10:57,040 --> 01:10:58,200
Speaker 10: You will never return.

1121
01:10:58,520 --> 01:11:01,400
Speaker 11: But if you register, use ding our CBP home app,

1122
01:11:01,439 --> 01:11:04,519
Speaker 11: and leave now, you could be allowed to return legally.

1123
01:11:04,880 --> 01:11:07,160
Speaker 10: Do what's right, leave now.

1124
01:11:07,439 --> 01:11:12,240
Speaker 11: Under President Trump America's laws, border and families will be protected.

1125
01:11:12,320 --> 01:11:14,479
Speaker 2: Sponsored by the United States Department of Homeland Security,