1 00:00:03,320 --> 00:00:04,000 Speaker 1: What's up this way? 2 00:00:04,160 --> 00:00:07,400 Speaker 2: But Angela yee, I'm here with my girls Stacy Tisdale 3 00:00:07,400 --> 00:00:08,240 Speaker 2: for Wealth Wednesday. 4 00:00:08,760 --> 00:00:13,200 Speaker 3: Happy Wealth Wednesday's everybody woo. We are so excited today 5 00:00:13,240 --> 00:00:17,200 Speaker 3: to have the one, the only Ashley Fox on the 6 00:00:17,360 --> 00:00:21,200 Speaker 3: show to fill your heads with financial wisdom. We are 7 00:00:21,239 --> 00:00:24,560 Speaker 3: so proud of what Ashley has done with her own 8 00:00:24,680 --> 00:00:27,080 Speaker 3: life and her own career. She's a former Wall Street 9 00:00:27,120 --> 00:00:29,480 Speaker 3: analyst and we were just talking about. 10 00:00:29,240 --> 00:00:32,840 Speaker 1: Wall Street already. I'm totally talking about Wall Street. 11 00:00:33,120 --> 00:00:36,559 Speaker 3: And she founded Impify, which is an incredible financial education 12 00:00:36,720 --> 00:00:38,839 Speaker 3: platform in twenty fourteen. 13 00:00:38,560 --> 00:00:41,080 Speaker 1: And power and Modify yes, Empifi yes. 14 00:00:41,440 --> 00:00:45,360 Speaker 3: And she's an HBCU grad and super proud of you 15 00:00:45,400 --> 00:00:48,040 Speaker 3: for this. Ink Magazine has ranked you one of the 16 00:00:48,080 --> 00:00:52,280 Speaker 3: top five hundred female founders. So we are not messing 17 00:00:52,280 --> 00:00:57,200 Speaker 3: around at all. And right off the bat, what the 18 00:00:57,200 --> 00:01:00,200 Speaker 3: heck terms up? Where are we right now? So what 19 00:01:00,280 --> 00:01:03,160 Speaker 3: are like the top two pieces of financial advice you're 20 00:01:03,160 --> 00:01:05,919 Speaker 3: giving the people in this crazy environment? 21 00:01:06,800 --> 00:01:09,880 Speaker 4: So I would say the first thing is breathed, because 22 00:01:09,920 --> 00:01:13,960 Speaker 4: this is actually the best time to learn. This is 23 00:01:14,000 --> 00:01:16,120 Speaker 4: the best time to learn, this is the best time 24 00:01:16,160 --> 00:01:18,560 Speaker 4: to grow. And I always tell people when it's like 25 00:01:18,560 --> 00:01:21,680 Speaker 4: when we go shopping on Black Friday and everything's on sale, 26 00:01:21,760 --> 00:01:23,800 Speaker 4: we have no problem with all prices dropping and we 27 00:01:23,840 --> 00:01:25,920 Speaker 4: go shopping. But what about in the stock market some 28 00:01:25,959 --> 00:01:28,040 Speaker 4: of the biggest and best companies prices are dropping, which 29 00:01:28,080 --> 00:01:30,400 Speaker 4: means we're getting it on sale. And think about it. Though, 30 00:01:30,400 --> 00:01:32,319 Speaker 4: people get so scared of the stock market when it's up, 31 00:01:32,440 --> 00:01:33,840 Speaker 4: and it we're scared of it when it's down. So 32 00:01:33,880 --> 00:01:37,000 Speaker 4: when do we actually start to invest? And so one 33 00:01:37,040 --> 00:01:39,280 Speaker 4: I would say, breathe, this is your time to read 34 00:01:39,360 --> 00:01:42,080 Speaker 4: to learn. We're not using emotion. We are operating off 35 00:01:42,120 --> 00:01:45,800 Speaker 4: of logic because our family's legacy is way bigger than 36 00:01:45,959 --> 00:01:49,080 Speaker 4: any presidential election, any country that we live in. It's 37 00:01:49,120 --> 00:01:51,320 Speaker 4: just so much more important. The other thing I would 38 00:01:51,360 --> 00:01:54,080 Speaker 4: say is getting the game. This is the time to 39 00:01:54,840 --> 00:01:56,840 Speaker 4: really build wealth, like I think about So when I 40 00:01:56,880 --> 00:01:59,000 Speaker 4: was at Howard in two thousand and eight, because I 41 00:01:59,040 --> 00:02:01,800 Speaker 4: graduated twenty and ten, I watched the stock market crash 42 00:02:01,800 --> 00:02:03,800 Speaker 4: from my dorm room TV, and I didn't really know 43 00:02:03,840 --> 00:02:05,400 Speaker 4: too much about what was going on because I'm trying 44 00:02:05,440 --> 00:02:06,880 Speaker 4: to get on Wall Street. But when I was on 45 00:02:06,920 --> 00:02:08,959 Speaker 4: Wall Street, I worked on individuals that had at least 46 00:02:08,960 --> 00:02:11,600 Speaker 4: twenty five million dollars, and I watched how they made 47 00:02:11,639 --> 00:02:14,160 Speaker 4: money as a result of the two thousand and eight crash, 48 00:02:14,160 --> 00:02:17,120 Speaker 4: and I said, I am not missing out on this opportunity. 49 00:02:17,120 --> 00:02:19,600 Speaker 4: So when the pandemic happened and the stock market crash, 50 00:02:19,639 --> 00:02:22,040 Speaker 4: I went crazy, Like I went shopping in the market 51 00:02:22,560 --> 00:02:24,480 Speaker 4: and I was buying some of the biggest and best companies, 52 00:02:24,639 --> 00:02:26,320 Speaker 4: and I made a ton of money because while the 53 00:02:26,360 --> 00:02:29,639 Speaker 4: market was scared, eventually we survived the pandemic. So just 54 00:02:29,680 --> 00:02:32,679 Speaker 4: as much as we've survived every stock market crash, why 55 00:02:32,680 --> 00:02:35,840 Speaker 4: won't we survive this stock market crash or whatever's going on. 56 00:02:36,080 --> 00:02:36,959 Speaker 4: I don't know how we want. 57 00:02:36,800 --> 00:02:39,200 Speaker 1: To classify it, but it's just volatile. 58 00:02:39,720 --> 00:02:41,640 Speaker 4: When I think about just people like we are one 59 00:02:41,680 --> 00:02:44,800 Speaker 4: hundred percent undefeated at life. This can't stop us. This 60 00:02:44,840 --> 00:02:48,079 Speaker 4: won't stop us. Let's use this as an opportunity to win, 61 00:02:48,240 --> 00:02:50,040 Speaker 4: to grow, to learn, and to build. 62 00:02:50,040 --> 00:02:52,120 Speaker 3: Well, stay with that for just a minute, because we 63 00:02:52,120 --> 00:02:56,640 Speaker 3: were talking about how Aerial Investments found that Blacks, even 64 00:02:56,680 --> 00:02:58,600 Speaker 3: though they're the largest group of first time investors to 65 00:02:58,639 --> 00:03:02,160 Speaker 3: the stock market, the first people to pan excel yes 66 00:03:02,480 --> 00:03:04,919 Speaker 3: and the falling market and think about it, a lot 67 00:03:04,919 --> 00:03:08,240 Speaker 3: of them are first time investors. We have more responsibilities 68 00:03:08,240 --> 00:03:12,320 Speaker 3: taking care of friends and family financially than other groups have. 69 00:03:13,160 --> 00:03:15,360 Speaker 3: And it's new to us. A lot of us didn't 70 00:03:15,440 --> 00:03:18,360 Speaker 3: have that education growing up in our homes. But you 71 00:03:18,400 --> 00:03:20,000 Speaker 3: haven't lost a penny and tell you so. 72 00:03:20,280 --> 00:03:23,160 Speaker 4: Yes, you only guarantee your loss when you sell. And 73 00:03:23,200 --> 00:03:24,960 Speaker 4: I always tell people. Let's say you were to buy 74 00:03:25,000 --> 00:03:26,760 Speaker 4: a house for one hundred thousand, right, and then something 75 00:03:26,760 --> 00:03:28,359 Speaker 4: happens in the market and the value of your home 76 00:03:28,440 --> 00:03:30,440 Speaker 4: drops of fifty thousand. So you bought the house for 77 00:03:30,440 --> 00:03:31,960 Speaker 4: one hundred, it dropped to fifty What are you. 78 00:03:31,919 --> 00:03:33,480 Speaker 1: Doing with the house staying there? 79 00:03:33,840 --> 00:03:36,080 Speaker 4: Why you lost fifty percent of your money? It's just 80 00:03:37,000 --> 00:03:39,320 Speaker 4: why do you want to keep it? You lost money already. 81 00:03:39,120 --> 00:03:41,280 Speaker 2: Right, Well, if you sell it, then you really lost money, 82 00:03:41,400 --> 00:03:43,880 Speaker 2: right and it could possibly back up. 83 00:03:44,120 --> 00:03:45,720 Speaker 4: So the same thing works with some of the most 84 00:03:45,800 --> 00:03:48,520 Speaker 4: biggest and best companies in America. Right, So I think 85 00:03:48,640 --> 00:03:51,160 Speaker 4: you guarantee a loss when you sell. But again, the 86 00:03:51,160 --> 00:03:52,920 Speaker 4: way I see it is, if it's a company you like, 87 00:03:53,240 --> 00:03:55,120 Speaker 4: a company you've researched, a company you believe will be 88 00:03:55,200 --> 00:03:57,880 Speaker 4: around the next five to ten fifteen years, why not 89 00:03:57,960 --> 00:03:59,560 Speaker 4: just get it at a lower price? Point. And this 90 00:03:59,680 --> 00:04:03,120 Speaker 4: is not for getting rich quick by the way people 91 00:04:03,120 --> 00:04:06,119 Speaker 4: of color carry but it's and rightfully so though there's 92 00:04:06,120 --> 00:04:07,760 Speaker 4: a lot of fear, there's a lot, a lot of doubt, 93 00:04:07,840 --> 00:04:09,240 Speaker 4: we have every right to feel. 94 00:04:09,040 --> 00:04:11,560 Speaker 2: Like a lot of every right things are a scam 95 00:04:11,920 --> 00:04:13,280 Speaker 2: and we have every right. 96 00:04:13,720 --> 00:04:16,600 Speaker 4: But it's being able to understand the language of money, 97 00:04:16,720 --> 00:04:18,480 Speaker 4: because if you understand the language and you understand the 98 00:04:18,480 --> 00:04:20,119 Speaker 4: stock market, when you buy a stock, you're not buying 99 00:04:20,440 --> 00:04:22,120 Speaker 4: You're not buying a stock, You're not buying a price. 100 00:04:22,120 --> 00:04:23,880 Speaker 4: You're owning a piece of a business. You are actually 101 00:04:23,960 --> 00:04:27,240 Speaker 4: part owner of a business. And interestingly enough, our black 102 00:04:27,320 --> 00:04:30,480 Speaker 4: dollar is the reason these businesses exists. We have trillion 103 00:04:30,520 --> 00:04:33,400 Speaker 4: dollar businesses in America because we love to shop and 104 00:04:33,440 --> 00:04:35,279 Speaker 4: I like nice things. I love the shop, but I 105 00:04:35,360 --> 00:04:40,840 Speaker 4: also but I also own some of the companies that 106 00:04:40,960 --> 00:04:42,880 Speaker 4: I give my money to. Right you know, you have 107 00:04:42,920 --> 00:04:43,640 Speaker 4: to think about it like. 108 00:04:43,600 --> 00:04:45,360 Speaker 2: That and your story I also said there was a 109 00:04:45,360 --> 00:04:46,840 Speaker 2: period of time when you really went on. 110 00:04:46,760 --> 00:04:49,479 Speaker 1: A shopping. 111 00:04:50,400 --> 00:04:53,000 Speaker 2: I want to hear about that because you're just like 112 00:04:53,240 --> 00:04:56,040 Speaker 2: what I love about you is that you know we 113 00:04:56,080 --> 00:04:58,320 Speaker 2: follow you on social media. You're always giving advice, but 114 00:04:58,360 --> 00:05:00,760 Speaker 2: you're also just like us and I it's easier for 115 00:05:00,839 --> 00:05:03,320 Speaker 2: me to look at somebody who's been through some things 116 00:05:03,600 --> 00:05:05,400 Speaker 2: that I've been through and came through on the other 117 00:05:05,480 --> 00:05:08,520 Speaker 2: side successfully. And now you've learned some things. So talk 118 00:05:08,520 --> 00:05:10,320 Speaker 2: to us about that period of time you were doing 119 00:05:10,360 --> 00:05:11,160 Speaker 2: well financially. 120 00:05:11,240 --> 00:05:14,120 Speaker 4: It was, Yes, So I was on Wall Street, and 121 00:05:14,200 --> 00:05:16,000 Speaker 4: every day when I'm on Wall Street, I'm in the 122 00:05:16,040 --> 00:05:18,000 Speaker 4: bank accounts of millionaire as a millionaire, so I'm seeing 123 00:05:18,000 --> 00:05:20,479 Speaker 4: where they shop, where they live, travel, what they invested in. 124 00:05:20,800 --> 00:05:21,880 Speaker 4: And I felt like I was on the wrong end 125 00:05:21,920 --> 00:05:23,400 Speaker 4: of the table. And when I would go back home 126 00:05:23,400 --> 00:05:25,760 Speaker 4: to Philly, where I'm from, I'm making six figures, but 127 00:05:25,839 --> 00:05:28,200 Speaker 4: like I don't have at least twenty five million. And 128 00:05:28,240 --> 00:05:29,920 Speaker 4: I just felt like, for something we're using every day 129 00:05:29,960 --> 00:05:31,640 Speaker 4: of our life, why is it not talking about school system? 130 00:05:31,839 --> 00:05:33,600 Speaker 4: Why did I have to go to Howard work on 131 00:05:33,640 --> 00:05:36,400 Speaker 4: Wall Street to really understand how to buy a stock? 132 00:05:36,560 --> 00:05:39,320 Speaker 4: You know? And so I always wanted to be a teacher, 133 00:05:39,360 --> 00:05:42,040 Speaker 4: though I actually nobody knows that, but I felt like 134 00:05:42,080 --> 00:05:43,920 Speaker 4: I had to chase the money. I was chasing the money, 135 00:05:43,960 --> 00:05:46,760 Speaker 4: I was chasing the reputation everything, And so I decided 136 00:05:46,800 --> 00:05:49,039 Speaker 4: to leave because I wanted to build something that targeted 137 00:05:49,080 --> 00:05:51,919 Speaker 4: the ninety nine percent that Wall Street often overlooks. Now, 138 00:05:52,200 --> 00:05:55,480 Speaker 4: this was back in twenty thirteen, so entrepreneurship was not sexy. 139 00:05:55,800 --> 00:05:59,000 Speaker 4: Instagram just started to kind of get like start to 140 00:05:59,000 --> 00:06:01,640 Speaker 4: people started post picture and things like that. But I 141 00:06:01,720 --> 00:06:03,600 Speaker 4: felt like something inside of me was like, you are 142 00:06:03,640 --> 00:06:06,239 Speaker 4: that girl. You are able to translate this Wall Street 143 00:06:06,279 --> 00:06:09,800 Speaker 4: knowledge bring it to these everyday people. But you understand 144 00:06:09,800 --> 00:06:11,719 Speaker 4: Wall Street and you understand how they feel. Because I 145 00:06:11,720 --> 00:06:14,640 Speaker 4: didn't grow up with rich parents like we grew up 146 00:06:14,640 --> 00:06:17,200 Speaker 4: middle class. My family bought stocks because I open their 147 00:06:17,240 --> 00:06:19,800 Speaker 4: investment accounts. I funded their accounts. So when I left 148 00:06:19,839 --> 00:06:22,159 Speaker 4: Wall Street, I had thirty thousand dollars when I could. 149 00:06:22,200 --> 00:06:25,279 Speaker 4: So I'm rich and I'm never wearing stockings again, and 150 00:06:25,320 --> 00:06:27,320 Speaker 4: I'm just like, you know, I'm gonna figure this thing out, right, 151 00:06:27,360 --> 00:06:29,640 Speaker 4: But I had this idea and I made up this 152 00:06:29,760 --> 00:06:33,039 Speaker 4: word right called empify, because I really wanted to shift 153 00:06:33,080 --> 00:06:35,720 Speaker 4: our mindset because building wealth is not just about Hey, 154 00:06:35,800 --> 00:06:37,320 Speaker 4: let me teach you what a stock is. Because you 155 00:06:37,400 --> 00:06:40,520 Speaker 4: have the information on the internet. When you lack empowerment, 156 00:06:40,640 --> 00:06:43,000 Speaker 4: you speak into people and not at people, you can 157 00:06:43,040 --> 00:06:44,640 Speaker 4: start to change the way they sing it. So when 158 00:06:44,680 --> 00:06:47,000 Speaker 4: we think about emplify, it's the word empower. We're going 159 00:06:47,040 --> 00:06:48,600 Speaker 4: to empower you to say, hey, if you want to 160 00:06:48,640 --> 00:06:50,920 Speaker 4: start with five dollars, we're gonna build wealth with five dollar. 161 00:06:50,920 --> 00:06:52,560 Speaker 4: We're gonna have five dollars our way till we get 162 00:06:52,600 --> 00:06:54,760 Speaker 4: to a million. But when you start to empower people 163 00:06:54,800 --> 00:06:57,200 Speaker 4: and you give them education, it changes them, which is 164 00:06:57,200 --> 00:06:59,520 Speaker 4: where modify comes from. So I had this big vision 165 00:06:59,560 --> 00:07:01,479 Speaker 4: I'm going to changed the world. I don't know how, 166 00:07:01,560 --> 00:07:03,400 Speaker 4: I just know why, and it's gonna be Ashley Fox. 167 00:07:03,720 --> 00:07:05,560 Speaker 4: And in the midst of that, you don't make money 168 00:07:05,560 --> 00:07:08,680 Speaker 4: every two weeks, and so I'm still traveling. I think 169 00:07:08,680 --> 00:07:11,360 Speaker 4: I had just went to Thailand. I die I was traveling, 170 00:07:11,800 --> 00:07:14,000 Speaker 4: but I'm still thinking. You know, I'm living the life 171 00:07:14,000 --> 00:07:15,680 Speaker 4: of a woman who worked on Wall Street. But when 172 00:07:15,680 --> 00:07:18,640 Speaker 4: the money stops coming and you're still spending, the math 173 00:07:18,760 --> 00:07:20,400 Speaker 4: was a mathing. So I ended up getting kicked out 174 00:07:20,400 --> 00:07:22,680 Speaker 4: my Harlem apartment and I had to move back to 175 00:07:22,720 --> 00:07:25,280 Speaker 4: Philly in my parents' house. And I think I needed 176 00:07:25,280 --> 00:07:29,000 Speaker 4: that because I was so stuck on I'm Ashley. I 177 00:07:29,040 --> 00:07:31,440 Speaker 4: worked on Wall Street like this. It was such an 178 00:07:31,520 --> 00:07:33,680 Speaker 4: identifier to me, and I need. 179 00:07:33,600 --> 00:07:35,200 Speaker 3: To think somewhere the money is just gonna serve. 180 00:07:35,320 --> 00:07:36,960 Speaker 4: Yeah, I just didn't. I don't know if my head 181 00:07:37,040 --> 00:07:40,160 Speaker 4: was big, but it was like I was that girl, right. 182 00:07:42,320 --> 00:07:44,880 Speaker 4: But it's like I'm now teaching a subject of something 183 00:07:44,880 --> 00:07:47,080 Speaker 4: I don't have because I'm not paying my rent. I'm 184 00:07:47,080 --> 00:07:49,320 Speaker 4: traveling the world struggling trying to build this business of 185 00:07:49,320 --> 00:07:51,040 Speaker 4: which I have no idea what that means. I'm made 186 00:07:51,040 --> 00:07:54,560 Speaker 4: an LLC in twenty fourteen. We didn't make money in 187 00:07:54,640 --> 00:07:56,920 Speaker 4: m Fox was twenty seventeen, so I'm thinking I'm doing 188 00:07:56,960 --> 00:07:58,640 Speaker 4: it right. But it's just I don't know. I didn't 189 00:07:58,640 --> 00:08:01,880 Speaker 4: know what I was doing, and so when I lost everything. 190 00:08:01,680 --> 00:08:06,960 Speaker 3: Pause right, there is not normal. Try entrepreneurs. You're gonna 191 00:08:06,960 --> 00:08:08,240 Speaker 3: feel like you don't know what you're doing. 192 00:08:08,320 --> 00:08:09,960 Speaker 4: I still don't feel like what I'm doing. 193 00:08:10,400 --> 00:08:14,720 Speaker 2: You go ahead, and sometimes you can educate yourself on 194 00:08:14,800 --> 00:08:18,800 Speaker 2: something and still feel like every day I can't teach 195 00:08:18,840 --> 00:08:20,200 Speaker 2: you what it is that you need to do to 196 00:08:20,280 --> 00:08:21,240 Speaker 2: run a business success. 197 00:08:22,160 --> 00:08:26,920 Speaker 4: They missed that class at Howard because every day I 198 00:08:26,960 --> 00:08:29,800 Speaker 4: wake up and I don't Ninety five percent of my 199 00:08:29,800 --> 00:08:33,160 Speaker 4: life right now is something I've never seen before. But 200 00:08:33,480 --> 00:08:36,720 Speaker 4: my vision and my belief in Ashley and what emplify 201 00:08:36,720 --> 00:08:37,959 Speaker 4: I can do for the world. I mean, Grant, we've 202 00:08:37,960 --> 00:08:39,040 Speaker 4: been doing this for a while, so I know we're 203 00:08:39,080 --> 00:08:40,880 Speaker 4: really good at what we do. But that's what you 204 00:08:40,960 --> 00:08:42,280 Speaker 4: have to hold on to. And it was a point 205 00:08:42,440 --> 00:08:44,679 Speaker 4: when I lost everything. It's like I could not unsee 206 00:08:44,679 --> 00:08:47,400 Speaker 4: Wall Street wealth. I couldn't un see the billionaire of 207 00:08:47,400 --> 00:08:49,520 Speaker 4: bank accounts. I couldn't unsee the yachts in the South 208 00:08:49,520 --> 00:08:52,160 Speaker 4: of France. I couldn't unsee those things. And I know 209 00:08:52,800 --> 00:08:56,880 Speaker 4: I started and I started to do the Wall Street stuff. 210 00:08:56,880 --> 00:08:58,760 Speaker 4: So I didn't get a big guy in France. I 211 00:08:58,800 --> 00:09:01,040 Speaker 4: did go to the France. I got, yeah, like, I'm 212 00:09:01,120 --> 00:09:04,280 Speaker 4: traveling like our clients, because I've truly believed successfully is clues, 213 00:09:05,040 --> 00:09:07,440 Speaker 4: just follow the blueprint. If they're buying stocks. While they 214 00:09:07,440 --> 00:09:09,520 Speaker 4: started with one hundred million, I started with one hundred dollars. 215 00:09:09,679 --> 00:09:11,240 Speaker 4: They're going to the South of France. Let me save 216 00:09:11,320 --> 00:09:13,200 Speaker 4: up my money. And I'm watching all the rich people 217 00:09:13,280 --> 00:09:15,959 Speaker 4: go to South France, and I wanted to become that 218 00:09:16,040 --> 00:09:18,520 Speaker 4: and I felt like there's no difference between me and you. 219 00:09:19,040 --> 00:09:20,760 Speaker 4: I just am not in the right space, and I 220 00:09:20,760 --> 00:09:23,000 Speaker 4: feel like you truly build wealth when you invest in 221 00:09:23,000 --> 00:09:25,120 Speaker 4: somebody else's idea or your own idea, and I chose 222 00:09:25,160 --> 00:09:26,680 Speaker 4: to do both. I knew if I stayed on Wall 223 00:09:26,720 --> 00:09:29,520 Speaker 4: Street making the money I was making, which was good money, 224 00:09:29,800 --> 00:09:31,600 Speaker 4: if I was there for ten years, I still was 225 00:09:31,640 --> 00:09:34,040 Speaker 4: not qualified to be that client. And I knew I 226 00:09:34,120 --> 00:09:36,200 Speaker 4: deserved to be that client. I just needed to figure 227 00:09:36,240 --> 00:09:38,760 Speaker 4: out the how part. And I think Amplify and the 228 00:09:38,840 --> 00:09:42,440 Speaker 4: desire to change the world then led me to figuring 229 00:09:42,440 --> 00:09:45,320 Speaker 4: out the finances and making the money. But I also 230 00:09:45,520 --> 00:09:47,720 Speaker 4: never started emplify to make money. If that was because 231 00:09:47,720 --> 00:09:49,320 Speaker 4: I want to say, on Wall Street, I wanted to 232 00:09:49,440 --> 00:09:53,240 Speaker 4: essentially target the people Wall Street did not want to 233 00:09:53,280 --> 00:09:55,920 Speaker 4: target or care to target, and I felt like we 234 00:09:55,960 --> 00:09:58,720 Speaker 4: all deserved this information, which is the majority. Yeah. So 235 00:09:59,240 --> 00:10:01,920 Speaker 4: it was just so much bigger than me. And when 236 00:10:01,960 --> 00:10:04,800 Speaker 4: I lost everything, I still held on to like, I 237 00:10:04,880 --> 00:10:05,880 Speaker 4: know what's possible. 238 00:10:06,160 --> 00:10:10,680 Speaker 3: I also difficult, though, because I know, going from Wall 239 00:10:10,720 --> 00:10:15,760 Speaker 3: Street to media and then an entrepreneurship entrepreneurs you're there's 240 00:10:15,800 --> 00:10:17,800 Speaker 3: gonna be financial ups and downs. It's just the nature 241 00:10:17,840 --> 00:10:23,080 Speaker 3: of entrepreneurship, teaching financial wellness, teaching about money. When as 242 00:10:23,120 --> 00:10:26,719 Speaker 3: an entrepreneur you're experiencing the ups and downs. Did you 243 00:10:26,800 --> 00:10:29,040 Speaker 3: ever struggle with those contradictions? Sometimes? 244 00:10:29,120 --> 00:10:29,600 Speaker 1: I did. 245 00:10:30,440 --> 00:10:32,240 Speaker 4: I remember when I was getting kicked out, people thought 246 00:10:32,280 --> 00:10:33,880 Speaker 4: I was a millionaire, and I'm just I would read 247 00:10:34,000 --> 00:10:36,200 Speaker 4: articles people would write and I'm just like you. I'm 248 00:10:36,240 --> 00:10:38,480 Speaker 4: living at my parents' house for two years, sleeping on 249 00:10:38,520 --> 00:10:40,920 Speaker 4: their couch. And but here's the thing though, and I 250 00:10:40,960 --> 00:10:43,720 Speaker 4: say this to everybody, regardless of the balance in your 251 00:10:43,720 --> 00:10:46,480 Speaker 4: bank account, it is not a direct correlation to who 252 00:10:46,480 --> 00:10:49,160 Speaker 4: you believe you'll become. So I would walk and talk 253 00:10:49,960 --> 00:10:51,760 Speaker 4: like I ran a billion dollar bus, like right now 254 00:10:51,760 --> 00:10:54,160 Speaker 4: on social media, I call myself the billion dollar CEO 255 00:10:54,320 --> 00:10:56,600 Speaker 4: because the ashy that got to her first million is 256 00:10:56,640 --> 00:10:58,720 Speaker 4: not the ashy that's going to create a billion dollar business. 257 00:10:58,800 --> 00:11:00,840 Speaker 4: So I have to train and I dress like a 258 00:11:00,880 --> 00:11:02,880 Speaker 4: billion dollar ceo. Am I running my team like a 259 00:11:02,920 --> 00:11:05,760 Speaker 4: billion dollar ceo? And so a lot of therapy helped 260 00:11:05,760 --> 00:11:07,920 Speaker 4: to Yeah, I was going to I did. I started going. 261 00:11:09,520 --> 00:11:11,520 Speaker 4: But the biggest thing, and again, it's not even bout money, 262 00:11:11,520 --> 00:11:14,400 Speaker 4: it's about your just your mental your mindset, Like you 263 00:11:14,480 --> 00:11:17,240 Speaker 4: have to be so resilient, so focused and not let 264 00:11:17,280 --> 00:11:19,960 Speaker 4: the doubts, the fears, the worry because they exist, but 265 00:11:20,000 --> 00:11:22,839 Speaker 4: it cannot be the loudest voice in your head. So 266 00:11:22,920 --> 00:11:25,120 Speaker 4: I believed Ashley was going to change the world a 267 00:11:25,160 --> 00:11:28,040 Speaker 4: lot more than I believed Ashley couldn't figure it out. 268 00:11:28,320 --> 00:11:29,960 Speaker 4: And I think to those little wins you get as 269 00:11:29,960 --> 00:11:33,560 Speaker 4: an entrepreneur, like the Ink Top female founders, like it 270 00:11:33,600 --> 00:11:35,439 Speaker 4: came at the moment where I feel like what am 271 00:11:35,440 --> 00:11:36,800 Speaker 4: I doing in my business and it's just like, oh 272 00:11:36,800 --> 00:11:40,840 Speaker 4: my gosh, thank you guys, and it just gives you yeah. 273 00:11:40,880 --> 00:11:42,240 Speaker 4: And so I still feel it to this day. 274 00:11:42,240 --> 00:11:43,920 Speaker 2: So I want to ask you something about what Mark 275 00:11:43,960 --> 00:11:46,160 Speaker 2: Cuban said because this went viral. I know you have 276 00:11:46,240 --> 00:11:48,520 Speaker 2: to see this stacy where he said at south By 277 00:11:48,600 --> 00:11:52,920 Speaker 2: Southwest he was on a panel with Tabatha Brown and 278 00:11:53,400 --> 00:11:56,680 Speaker 2: he talked about black women founders right, and he said, 279 00:11:56,880 --> 00:11:58,000 Speaker 2: I would tell you not to. 280 00:11:57,960 --> 00:11:58,680 Speaker 1: Look for funding. 281 00:11:58,920 --> 00:12:00,559 Speaker 2: You have to figure out a way to you sweat 282 00:12:00,600 --> 00:12:02,280 Speaker 2: equity to build it on your own, even if it 283 00:12:02,320 --> 00:12:05,520 Speaker 2: means starting smaller and slower, because there is a learning process, 284 00:12:05,520 --> 00:12:07,600 Speaker 2: and it's twofold. One is learning about your business and 285 00:12:07,600 --> 00:12:10,480 Speaker 2: making it loanworthy. Then two is learning the language of 286 00:12:10,559 --> 00:12:11,840 Speaker 2: those making loans. 287 00:12:11,960 --> 00:12:12,600 Speaker 1: So you know, we. 288 00:12:12,600 --> 00:12:17,600 Speaker 2: Already as black women have a huge funding gap. Black 289 00:12:17,640 --> 00:12:19,840 Speaker 2: women business owners who apply for funding face a three 290 00:12:19,880 --> 00:12:22,520 Speaker 2: time higher rejection rate than that of white business owners, 291 00:12:22,720 --> 00:12:24,840 Speaker 2: and only two percent of venture capital funding in the 292 00:12:24,920 --> 00:12:27,760 Speaker 2: US goes to female only founding teams. What do you 293 00:12:27,760 --> 00:12:30,240 Speaker 2: think about what markubits? Because I saw people arguing in 294 00:12:30,280 --> 00:12:31,240 Speaker 2: the comments. 295 00:12:30,880 --> 00:12:33,720 Speaker 3: About it, so mister funded Arlen Hamilton. 296 00:12:34,640 --> 00:12:36,800 Speaker 1: So I saw she waited in on it too. 297 00:12:36,800 --> 00:12:42,160 Speaker 4: Okay, So interestingly enough, when I started Amplify, the venture 298 00:12:42,240 --> 00:12:45,120 Speaker 4: capital thing, it existed because I saw our clients doing it. 299 00:12:45,400 --> 00:12:47,920 Speaker 4: But it wasn't like a thing right. I did not 300 00:12:48,080 --> 00:12:50,760 Speaker 4: know about venture capital. I didn't I couldn't get a 301 00:12:50,800 --> 00:12:52,760 Speaker 4: loan when I was trying to get not get evicted 302 00:12:52,760 --> 00:12:55,319 Speaker 4: from my apartment. So I figured I wasn't qualified for debt. 303 00:12:55,360 --> 00:12:57,920 Speaker 4: I already had student loans, and for me, I was 304 00:12:57,960 --> 00:13:00,319 Speaker 4: just so much bigger and I was going to figure 305 00:13:00,360 --> 00:13:03,560 Speaker 4: it out. So I bootstrap Empify to this day because 306 00:13:03,600 --> 00:13:06,120 Speaker 4: I didn't know money was accessible. Regardless of what the 307 00:13:06,120 --> 00:13:07,800 Speaker 4: stats say to me, you can tell me what a 308 00:13:07,880 --> 00:13:10,600 Speaker 4: stat says when it comes to me coming to emplify. 309 00:13:10,840 --> 00:13:12,600 Speaker 4: When it comes to me building wealth. Wealth doesn't have 310 00:13:12,600 --> 00:13:14,120 Speaker 4: a color. Therefore it looks just like me. I don't 311 00:13:14,120 --> 00:13:16,120 Speaker 4: care if you identify me as a black woman. I 312 00:13:16,160 --> 00:13:18,240 Speaker 4: am actually Marie Fox is beautiful being in this world. 313 00:13:18,240 --> 00:13:22,120 Speaker 4: I'm gonna figure this out. So knowing that I don't 314 00:13:22,200 --> 00:13:24,640 Speaker 4: let stats like that or comments like that deter me 315 00:13:24,720 --> 00:13:27,880 Speaker 4: from you're gonna want to buy my company. I'm going 316 00:13:27,880 --> 00:13:30,240 Speaker 4: to build a scalable business. But I think the advantage 317 00:13:30,240 --> 00:13:33,760 Speaker 4: that I had is when I left Wall Street, I 318 00:13:33,800 --> 00:13:35,640 Speaker 4: would well while I was there too, I would see 319 00:13:35,640 --> 00:13:38,400 Speaker 4: how our clients invested in startups. I would sit in 320 00:13:38,480 --> 00:13:42,720 Speaker 4: Harvard Angel investor meetings seeing these cool companies. But the 321 00:13:42,840 --> 00:13:45,319 Speaker 4: questions they're asking them, I'm just like, oh, I never 322 00:13:45,360 --> 00:13:47,839 Speaker 4: thought of it like that, And so I always just 323 00:13:48,440 --> 00:13:50,800 Speaker 4: I remember there's like this woman one time she did nails. 324 00:13:50,800 --> 00:13:53,200 Speaker 4: She not to do shoeshine around companies. There was a 325 00:13:53,200 --> 00:13:55,040 Speaker 4: woman who didn't nails. I'm like, this is so cool. 326 00:13:55,080 --> 00:13:57,480 Speaker 4: So she goes and Fortune five hundred companies and she's 327 00:13:57,520 --> 00:14:00,760 Speaker 4: doing nails and I was so fascinated. Room. Everyone said, 328 00:14:00,760 --> 00:14:01,880 Speaker 4: you're not in the business of no one ls. You're 329 00:14:01,880 --> 00:14:05,439 Speaker 4: in the business of hiring and firing people. And I said, oh, wow, 330 00:14:05,520 --> 00:14:08,200 Speaker 4: you are. So Now as an investor, I'm not investing 331 00:14:08,200 --> 00:14:10,559 Speaker 4: in your product or service, I'm investing your ability to 332 00:14:10,640 --> 00:14:12,800 Speaker 4: hire and fire people. And it just made me think 333 00:14:12,800 --> 00:14:15,360 Speaker 4: about what is a scalable business that can be sold 334 00:14:15,840 --> 00:14:18,840 Speaker 4: and someone could could win as a result of your business. 335 00:14:19,160 --> 00:14:22,040 Speaker 4: And so I've always had that advantage. I've also been 336 00:14:22,080 --> 00:14:24,960 Speaker 4: coached by people of all nationalities too, from the people 337 00:14:24,960 --> 00:14:27,880 Speaker 4: that are from the coaches, I have, the therapists that 338 00:14:27,920 --> 00:14:31,720 Speaker 4: I have the spiritual advisor I because Wall Street was 339 00:14:31,840 --> 00:14:34,720 Speaker 4: not a all black thing, right it was, and I 340 00:14:34,720 --> 00:14:36,680 Speaker 4: don't see color that way. For me. It's like, if 341 00:14:36,760 --> 00:14:38,920 Speaker 4: I have if I need an answer, whoever is the 342 00:14:38,960 --> 00:14:41,080 Speaker 4: smartest person in the room, I'm getting the answer from you, 343 00:14:41,120 --> 00:14:44,360 Speaker 4: despite what you look like, because I am worth that investment. 344 00:14:44,640 --> 00:14:47,520 Speaker 4: And so when I hear things like that, I see 345 00:14:47,600 --> 00:14:51,880 Speaker 4: life as a different point because I struggled my way 346 00:14:51,960 --> 00:14:54,560 Speaker 4: to build Amplify because I did not know. I now 347 00:14:54,600 --> 00:14:57,200 Speaker 4: sometimes talk the founders who don't even know how to 348 00:14:57,280 --> 00:14:59,400 Speaker 4: make money, just want to get money for their idea, 349 00:14:59,440 --> 00:15:01,200 Speaker 4: which is fine. 350 00:15:00,600 --> 00:15:05,680 Speaker 3: But I learned. 351 00:15:03,440 --> 00:15:08,120 Speaker 4: A lot more about my business not having that advantage 352 00:15:08,120 --> 00:15:10,320 Speaker 4: of someone just giving me money. Now I can go 353 00:15:10,320 --> 00:15:11,680 Speaker 4: and people pitch me all the time to try to 354 00:15:11,680 --> 00:15:14,280 Speaker 4: buy my company to get access to capital. But here's 355 00:15:14,280 --> 00:15:17,240 Speaker 4: the thing people don't talk about when someone gives you money. 356 00:15:17,360 --> 00:15:19,560 Speaker 4: Now they are part on of your business and for 357 00:15:19,680 --> 00:15:21,880 Speaker 4: somebody the answers to them. Yeah, and I don't. 358 00:15:22,320 --> 00:15:23,640 Speaker 3: I never investors. 359 00:15:23,720 --> 00:15:26,120 Speaker 4: Yeah, and I'm not against that because again, if I'm 360 00:15:26,160 --> 00:15:28,120 Speaker 4: your investor or, you better give me a return. So 361 00:15:28,160 --> 00:15:29,800 Speaker 4: I'm gonna be all in your business rightfully. 362 00:15:29,880 --> 00:15:29,920 Speaker 3: So. 363 00:15:30,080 --> 00:15:33,000 Speaker 4: But when I created Emplify like the green and Emplify 364 00:15:33,120 --> 00:15:36,080 Speaker 4: represents the heart chakra, like, this wasn't about how do 365 00:15:36,120 --> 00:15:37,440 Speaker 4: I make the most money, It was about how do 366 00:15:37,520 --> 00:15:40,560 Speaker 4: I help people build the most wealth? So me changing 367 00:15:40,600 --> 00:15:43,480 Speaker 4: the world mattered more than my bottom line. It just 368 00:15:43,520 --> 00:15:46,320 Speaker 4: so happened that my desire to change the world ended 369 00:15:46,400 --> 00:15:49,760 Speaker 4: up becoming a profitable business. So now I can change 370 00:15:49,760 --> 00:15:51,880 Speaker 4: the world. I can build wealth, but I can also 371 00:15:51,960 --> 00:15:55,080 Speaker 4: create something that helps everybody else build wealth, despite who 372 00:15:55,120 --> 00:15:58,720 Speaker 4: they are. So I'm not saying that raising capital or 373 00:15:59,400 --> 00:16:02,080 Speaker 4: taking out on I can say that the grit that 374 00:16:02,160 --> 00:16:05,600 Speaker 4: you get from building a business from a bootstrap standpoint 375 00:16:05,960 --> 00:16:08,920 Speaker 4: is different than somebody who was able to get money, 376 00:16:08,960 --> 00:16:12,120 Speaker 4: and it doesn't make them either founder better. I just 377 00:16:12,360 --> 00:16:15,280 Speaker 4: feel different. But here's the downside to that a lot 378 00:16:15,320 --> 00:16:17,320 Speaker 4: of the problems that I went through could have been 379 00:16:17,320 --> 00:16:18,080 Speaker 4: solved if I had. 380 00:16:18,000 --> 00:16:22,760 Speaker 1: Money right, it could have been an easier journey. 381 00:16:23,080 --> 00:16:26,480 Speaker 4: But I don't change my story. And now now that 382 00:16:26,520 --> 00:16:30,320 Speaker 4: I'm smarter, I like that I went that route because 383 00:16:30,560 --> 00:16:33,920 Speaker 4: I wouldn't dare have somebody coming to Amplify to tell 384 00:16:33,960 --> 00:16:37,240 Speaker 4: me you better go start teaching cryptocurrency because that's the 385 00:16:37,280 --> 00:16:38,720 Speaker 4: thing and it's going to make you more money. When 386 00:16:38,720 --> 00:16:41,880 Speaker 4: it's like, no, that's not what I do, that's not 387 00:16:41,920 --> 00:16:43,960 Speaker 4: what I want to give the world. But you care 388 00:16:44,000 --> 00:16:46,280 Speaker 4: more about bottom line. I care more about closing a 389 00:16:46,280 --> 00:16:48,360 Speaker 4: wealth gap, and if we're not aligned with that, then 390 00:16:48,400 --> 00:16:49,600 Speaker 4: I can't put you on my cat table. 391 00:16:49,840 --> 00:16:51,520 Speaker 3: What it just made me think of a whole new 392 00:16:51,600 --> 00:16:57,000 Speaker 3: term community bootstrapping. Are you noticing that we started a 393 00:16:57,000 --> 00:17:00,640 Speaker 3: real estate club and the community actually it's kind of 394 00:17:00,640 --> 00:17:02,800 Speaker 3: their own economy. They do deals with each other, and 395 00:17:02,960 --> 00:17:05,359 Speaker 3: we work with our group works with lenders and stuff 396 00:17:05,400 --> 00:17:08,159 Speaker 3: when people need it. But I'm noticing all these trends 397 00:17:08,200 --> 00:17:10,480 Speaker 3: where there's like a meta group of women from New 398 00:17:10,640 --> 00:17:15,000 Speaker 3: Orleans who started an investment in entrepreneurship group. They started 399 00:17:15,040 --> 00:17:17,560 Speaker 3: almost like a lending circle with each other Are you 400 00:17:17,680 --> 00:17:20,560 Speaker 3: noticing that more in our community post administration? 401 00:17:21,280 --> 00:17:24,000 Speaker 4: Yes, But I think I think the world is just changing. 402 00:17:24,119 --> 00:17:26,520 Speaker 4: I think we now know. Like if I think about 403 00:17:26,720 --> 00:17:29,160 Speaker 4: where the error my parents were raised in, You're taught 404 00:17:29,160 --> 00:17:31,240 Speaker 4: to go to school, get a job. You get the 405 00:17:31,320 --> 00:17:33,400 Speaker 4: job so you can pay them, you hope somebody, yeah, 406 00:17:33,440 --> 00:17:35,639 Speaker 4: and you wait for a pension, right, and that worked 407 00:17:35,680 --> 00:17:38,560 Speaker 4: for that generation. Times are different. I mean, you can 408 00:17:38,600 --> 00:17:40,919 Speaker 4: make money on YouTube, like I can make money on Instagram. 409 00:17:40,920 --> 00:17:44,160 Speaker 4: There's so many ways to create wealth. I'm just all 410 00:17:44,240 --> 00:17:48,600 Speaker 4: for you not solely relying on just having a job. 411 00:17:48,840 --> 00:17:51,719 Speaker 4: Because I also don't think entrepreneurship is for everybody. If 412 00:17:51,720 --> 00:17:53,240 Speaker 4: you would have told me I was gonna go through 413 00:17:53,240 --> 00:17:54,720 Speaker 4: what I went through when I left Wall Street, I 414 00:17:54,760 --> 00:17:56,040 Speaker 4: probably would have second guessed it. 415 00:17:56,160 --> 00:17:56,919 Speaker 1: Yeah, but I. 416 00:17:56,880 --> 00:17:58,120 Speaker 4: Got to a point where I was in too deep 417 00:17:58,160 --> 00:17:59,840 Speaker 4: and I knew too much. I couldn't get out. But 418 00:18:00,000 --> 00:18:03,360 Speaker 4: it's not for everybody. But I do believe we are 419 00:18:03,400 --> 00:18:06,960 Speaker 4: becoming more resourceful. We are not settling, We are trying 420 00:18:06,960 --> 00:18:08,960 Speaker 4: to figure it out. We are falling. We are getting 421 00:18:08,960 --> 00:18:11,719 Speaker 4: back up because we know we cannot just depend on 422 00:18:12,400 --> 00:18:14,800 Speaker 4: a system. We can't depend on our jobs. But the 423 00:18:14,880 --> 00:18:17,800 Speaker 4: opportunities are just different now. So I think the world 424 00:18:17,840 --> 00:18:21,960 Speaker 4: is I think the pandemic did it a lot. 425 00:18:22,119 --> 00:18:24,320 Speaker 2: It did, but because it also made us not have 426 00:18:24,400 --> 00:18:26,600 Speaker 2: to fly out for meetings and be able to do 427 00:18:27,000 --> 00:18:31,000 Speaker 2: so many things, you know, just over the internet that before, 428 00:18:31,119 --> 00:18:32,840 Speaker 2: like even me doing my show from home, we were 429 00:18:32,880 --> 00:18:35,000 Speaker 2: never able to do that, but now I could travel, 430 00:18:35,040 --> 00:18:37,040 Speaker 2: bring a kid with me, do my show from whatever. 431 00:18:37,359 --> 00:18:40,639 Speaker 2: Because that wasn't something that I heart was really trying 432 00:18:40,640 --> 00:18:40,920 Speaker 2: to do. 433 00:18:41,400 --> 00:18:44,600 Speaker 3: But even you know, I remember Dominica. Yeah, we did 434 00:18:44,600 --> 00:18:47,680 Speaker 3: Wednesdays is locked in Dominica for six months. 435 00:18:47,520 --> 00:18:49,760 Speaker 1: But that was not something we would have done, you 436 00:18:49,800 --> 00:18:50,840 Speaker 1: know that. 437 00:18:50,880 --> 00:18:53,879 Speaker 4: To figure it out. So I think when the fire 438 00:18:54,000 --> 00:18:56,200 Speaker 4: is put under us, we will thrive. 439 00:18:56,440 --> 00:18:58,320 Speaker 3: That was actually one of our best years. We had 440 00:18:58,359 --> 00:19:01,160 Speaker 3: an event. I remember we had an event planned here 441 00:19:01,359 --> 00:19:04,040 Speaker 3: in March and then everything got locked down and I've 442 00:19:04,040 --> 00:19:06,200 Speaker 3: got locked in Dominica and I'm just like, let's pivot 443 00:19:06,240 --> 00:19:08,320 Speaker 3: to a virtual model, and all of a sudden we 444 00:19:08,359 --> 00:19:10,680 Speaker 3: could do so much more and we did. 445 00:19:10,880 --> 00:19:15,560 Speaker 4: Yeah, we made the most money out at Amplified doing 446 00:19:15,720 --> 00:19:19,480 Speaker 4: when the market crashed, like and because of what we do, 447 00:19:19,520 --> 00:19:22,679 Speaker 4: we help people create the money else. Yeah, it was like, 448 00:19:23,280 --> 00:19:25,760 Speaker 4: we are not going through this crash without me telling 449 00:19:25,760 --> 00:19:29,080 Speaker 4: the internet. You better stop being scared and start really 450 00:19:29,160 --> 00:19:31,959 Speaker 4: understanding what is happening in America. And that's why they 451 00:19:32,000 --> 00:19:35,320 Speaker 4: printed to trillion dollars stimulus checks because they needed you 452 00:19:35,359 --> 00:19:37,080 Speaker 4: to spend to give to the companies that are in 453 00:19:37,119 --> 00:19:39,000 Speaker 4: the stock market. So what are we doing? How we 454 00:19:39,000 --> 00:19:39,320 Speaker 4: gonna win? 455 00:19:39,440 --> 00:19:41,560 Speaker 2: What do you say to people who are like, Okay, 456 00:19:41,720 --> 00:19:43,800 Speaker 2: I have money in my savings, but I'm scared to 457 00:19:43,880 --> 00:19:46,359 Speaker 2: make a move, and maybe it's not enough money to 458 00:19:46,520 --> 00:19:50,720 Speaker 2: say right now, you know, buy a house. So they think, right, 459 00:19:50,720 --> 00:19:52,520 Speaker 2: but they just have money, it's sitting in their savings 460 00:19:52,560 --> 00:19:54,439 Speaker 2: account and they're like, I just want to hold on 461 00:19:54,480 --> 00:19:55,680 Speaker 2: to my cash. 462 00:19:56,040 --> 00:19:59,800 Speaker 4: I'll first ask how's that gotten you so far? Right, Like, 463 00:20:02,080 --> 00:20:04,320 Speaker 4: I don't know anybody that has saved their way to 464 00:20:04,359 --> 00:20:07,160 Speaker 4: wealth or has worked, has worked, has worked their way 465 00:20:07,160 --> 00:20:12,560 Speaker 4: to wealth. But I also think it's coming from a 466 00:20:12,640 --> 00:20:16,479 Speaker 4: lack mindset. Justifiable, But also let's talk about where that 467 00:20:16,480 --> 00:20:18,520 Speaker 4: fear is coming from and who you want to be. 468 00:20:18,880 --> 00:20:20,879 Speaker 4: What if we win in spite of our fears. What 469 00:20:20,920 --> 00:20:22,840 Speaker 4: if we grow in spite of our fears? Because you 470 00:20:22,880 --> 00:20:25,840 Speaker 4: can't live in fear, your entire life. You you are 471 00:20:26,000 --> 00:20:29,320 Speaker 4: worthy of building wealth. But just ask yourself, how has 472 00:20:29,640 --> 00:20:31,280 Speaker 4: we know so many people that have good jobs, make 473 00:20:31,320 --> 00:20:34,400 Speaker 4: good money, own a home, but still aren't wealthy. So 474 00:20:34,440 --> 00:20:36,800 Speaker 4: it's like, well, what else are we doing? There has 475 00:20:36,880 --> 00:20:39,280 Speaker 4: to be something more. How about we bet on you? 476 00:20:39,640 --> 00:20:42,760 Speaker 4: How about you become the investment. You make the investment 477 00:20:42,800 --> 00:20:45,480 Speaker 4: in yourself to not do what has been ingrained in 478 00:20:45,520 --> 00:20:47,520 Speaker 4: your mind. Because if we really want to get technical, 479 00:20:48,400 --> 00:20:50,040 Speaker 4: the banking system wants you to put your money in 480 00:20:50,040 --> 00:20:51,720 Speaker 4: a savings account because they take that money and they 481 00:20:51,720 --> 00:20:54,359 Speaker 4: loan it to people. They're making money out of a 482 00:20:54,400 --> 00:20:57,479 Speaker 4: savings account. There is no America. They need you. They 483 00:20:57,520 --> 00:20:59,119 Speaker 4: need you to take out debt, and they need you 484 00:20:59,200 --> 00:21:02,320 Speaker 4: to take out loans. That is how America runs. So 485 00:21:02,560 --> 00:21:04,440 Speaker 4: of course, but when I if I sit and tell 486 00:21:04,440 --> 00:21:06,600 Speaker 4: you what I saw on Wall Street, if our clients 487 00:21:06,600 --> 00:21:09,240 Speaker 4: had money sitting in a savings account, it was our 488 00:21:09,320 --> 00:21:11,399 Speaker 4: job to work with the investors, the entire team to 489 00:21:11,400 --> 00:21:13,400 Speaker 4: figure out how to put that money to work. Why 490 00:21:13,440 --> 00:21:15,600 Speaker 4: is it that we are always working for money and 491 00:21:16,040 --> 00:21:18,639 Speaker 4: money is our money is not working for us? Just 492 00:21:18,640 --> 00:21:20,680 Speaker 4: like you have a job description, your money needs a 493 00:21:20,760 --> 00:21:23,040 Speaker 4: job description. Sitting down chilling in a savings account. It 494 00:21:23,040 --> 00:21:24,400 Speaker 4: is not going to get you the life that you want. 495 00:21:24,520 --> 00:21:26,879 Speaker 4: You're not sitting down chilling when you're working for the money. 496 00:21:26,960 --> 00:21:28,960 Speaker 4: So give the money a job, put it to work 497 00:21:29,000 --> 00:21:31,840 Speaker 4: so we can start giving you some return on your investment. 498 00:21:32,440 --> 00:21:34,679 Speaker 4: Because as the economy shifts, so there's your savings account 499 00:21:34,720 --> 00:21:36,760 Speaker 4: interest rates. There was a point where save account interestrates 500 00:21:36,800 --> 00:21:38,920 Speaker 4: were cool. But now as rates are going down, your 501 00:21:38,920 --> 00:21:41,000 Speaker 4: interest rates are going down. And it's like there are 502 00:21:41,000 --> 00:21:43,679 Speaker 4: companies to this day that pay out dividends that you 503 00:21:43,720 --> 00:21:45,919 Speaker 4: can get passive income just from owning a stock that 504 00:21:45,960 --> 00:21:48,800 Speaker 4: you can essentially live off of over time. But it's like, 505 00:21:48,840 --> 00:21:50,719 Speaker 4: we have to start thinking outside of what we were 506 00:21:50,760 --> 00:21:52,359 Speaker 4: taught growing up, because if you did not grow up 507 00:21:52,400 --> 00:21:55,159 Speaker 4: around wealth, how would you expect to know no one 508 00:21:55,240 --> 00:21:57,760 Speaker 4: speaking that language to you. And so you have to 509 00:21:57,840 --> 00:22:01,240 Speaker 4: understand if it is possible for a billionaire to build 510 00:22:01,280 --> 00:22:03,120 Speaker 4: the wealth that they build, because yes, they might build 511 00:22:03,119 --> 00:22:05,200 Speaker 4: a business, but they got to protect their money too. 512 00:22:05,480 --> 00:22:08,359 Speaker 4: It's in the stock market the same game that Amplifier 513 00:22:08,400 --> 00:22:10,560 Speaker 4: is teaching. It's the same game the one percent place. 514 00:22:10,800 --> 00:22:13,560 Speaker 4: So if in fact everyone in the world lost all 515 00:22:13,600 --> 00:22:15,919 Speaker 4: their money in the stock market. Why do the richest 516 00:22:15,920 --> 00:22:19,120 Speaker 4: people still do it? What makes them any different than you? 517 00:22:19,119 --> 00:22:21,640 Speaker 4: You might not have one hundred million, but that same 518 00:22:21,680 --> 00:22:23,960 Speaker 4: one hundred dollars is a company you're willing to give 519 00:22:24,000 --> 00:22:26,280 Speaker 4: one hundred dollars too, But you don't want to own 520 00:22:26,320 --> 00:22:28,320 Speaker 4: the company you're giving your money to. And so it's 521 00:22:28,359 --> 00:22:30,879 Speaker 4: really understanding our thought process behind it. And that's what 522 00:22:30,920 --> 00:22:31,800 Speaker 4: we have to break. 523 00:22:31,600 --> 00:22:35,520 Speaker 3: Down right here. Talk about how now you can invest 524 00:22:35,560 --> 00:22:37,679 Speaker 3: in the stock market with just one hundred dollars or 525 00:22:37,720 --> 00:22:40,520 Speaker 3: just fifty dollars. They see your company's classified as a fintech. 526 00:22:40,760 --> 00:22:43,320 Speaker 3: Fintech really changed the game and made it accessible. 527 00:22:43,560 --> 00:22:46,240 Speaker 4: So I think, yes, so everyone, you could buy a 528 00:22:46,240 --> 00:22:48,760 Speaker 4: stock for five dollars, Okay, you can five dollars your 529 00:22:48,760 --> 00:22:50,800 Speaker 4: way to owning a piece of a share. And so 530 00:22:50,800 --> 00:22:52,760 Speaker 4: when I say shares owning a piece of a company 531 00:22:53,240 --> 00:22:55,840 Speaker 4: and they're broken, now I can say, in the error 532 00:22:55,840 --> 00:22:58,840 Speaker 4: of me leaving Wall Street, that's when the game changed, 533 00:22:58,840 --> 00:23:02,159 Speaker 4: because when I open a brokedge account, I paid every transaction. 534 00:23:02,640 --> 00:23:07,800 Speaker 4: Sometimes some of the companies had minimums. It's just different, 535 00:23:07,920 --> 00:23:11,280 Speaker 4: which I need people to understand too. Things like stock splits, 536 00:23:11,359 --> 00:23:14,920 Speaker 4: things like fractional shares. They exist because retail investors that 537 00:23:15,000 --> 00:23:18,200 Speaker 4: everyday person are investing more so, one is getting a 538 00:23:18,200 --> 00:23:21,000 Speaker 4: brokerage account. You could open a brokerage account with a 539 00:23:21,040 --> 00:23:24,000 Speaker 4: Fidelity or chargewip, It doesn't matter because every company is 540 00:23:24,000 --> 00:23:26,000 Speaker 4: gonna connect. You connect the buyer and investment, the buyer 541 00:23:26,000 --> 00:23:27,720 Speaker 4: of a stock to the seller of a stock. Opening 542 00:23:27,720 --> 00:23:31,120 Speaker 4: a brokerage account and starting with what you can start with. 543 00:23:31,480 --> 00:23:32,959 Speaker 4: I think the internet may tell you have to have 544 00:23:33,000 --> 00:23:35,639 Speaker 4: this percent. No, if you are scared, that's fine, Well 545 00:23:35,680 --> 00:23:38,080 Speaker 4: what are you comfortable with starting with? Because if you're not, 546 00:23:38,200 --> 00:23:40,479 Speaker 4: if you're not afraid to spend the money, why are 547 00:23:40,520 --> 00:23:43,560 Speaker 4: you afraid to invest the money? And again, but the 548 00:23:43,600 --> 00:23:45,159 Speaker 4: other reason too that a lot of people don't talk 549 00:23:45,160 --> 00:23:47,359 Speaker 4: about is that the media that is also ran by 550 00:23:47,359 --> 00:23:50,480 Speaker 4: the stock market is designed to cause you to be scared. 551 00:23:50,800 --> 00:23:52,800 Speaker 4: We're not gonna put on the news, Oh the stock 552 00:23:52,800 --> 00:23:55,640 Speaker 4: market is up right now, everybody's making money. We're gonna 553 00:23:55,680 --> 00:23:57,199 Speaker 4: put fear in your heart because that's gonna cause you 554 00:23:57,240 --> 00:23:59,600 Speaker 4: to click. And I think we have that we can 555 00:23:59,600 --> 00:24:01,879 Speaker 4: think about. But all the times the market crash, we 556 00:24:01,880 --> 00:24:04,199 Speaker 4: can name all the crashes, but nobody talks about when 557 00:24:04,200 --> 00:24:06,560 Speaker 4: the market was up boo. Nobody talks about how long 558 00:24:06,640 --> 00:24:10,119 Speaker 4: the market was up before the pandemic actually happened. Right, 559 00:24:10,240 --> 00:24:12,159 Speaker 4: it was inevitable. And if you look at just the 560 00:24:12,200 --> 00:24:15,080 Speaker 4: history of the stock market, it goes up, it goes down, 561 00:24:15,119 --> 00:24:16,800 Speaker 4: but it's up more than it is down. But I 562 00:24:16,840 --> 00:24:21,760 Speaker 4: would say too in distinct humans, right, Like you're not 563 00:24:21,880 --> 00:24:24,720 Speaker 4: always up every day. You have down days too, right, 564 00:24:24,760 --> 00:24:28,160 Speaker 4: And that's okay. And people run businesses and people invest 565 00:24:28,200 --> 00:24:30,399 Speaker 4: in the stock market. We all have emotion. It's just 566 00:24:30,520 --> 00:24:32,840 Speaker 4: understanding that when you're buying a business, it is not 567 00:24:32,960 --> 00:24:36,080 Speaker 4: going to flip your money tomorrow. It took Amazon years 568 00:24:36,160 --> 00:24:38,080 Speaker 4: to be a trillion dollar business. Now was a couple 569 00:24:38,080 --> 00:24:38,800 Speaker 4: of trillion dollars. 570 00:24:38,880 --> 00:24:39,040 Speaker 1: Right. 571 00:24:39,200 --> 00:24:41,080 Speaker 4: It took Apple years to be the apple that it 572 00:24:41,119 --> 00:24:43,920 Speaker 4: is today, just like it took you years to become 573 00:24:43,960 --> 00:24:45,960 Speaker 4: who you are. But it doesn't mean you can't grow 574 00:24:46,000 --> 00:24:48,120 Speaker 4: with the companies that you invest in, and you can't 575 00:24:48,119 --> 00:24:49,800 Speaker 4: give yourself the time to allow them to grow. I 576 00:24:49,840 --> 00:24:52,480 Speaker 4: think we're also in this mindset we gotta get rich quick. 577 00:24:52,480 --> 00:24:54,600 Speaker 4: For so long we haven't had money, give it to 578 00:24:54,640 --> 00:24:57,440 Speaker 4: me now, and that's when people feel like they're getting scammed. 579 00:24:57,440 --> 00:24:59,720 Speaker 4: And not to say that there aren't people that scam. 580 00:25:00,080 --> 00:25:01,760 Speaker 4: But it's like, you got to stop thinking you're going 581 00:25:01,800 --> 00:25:03,440 Speaker 4: to get rich. When me think about the wealthiest people 582 00:25:03,480 --> 00:25:05,679 Speaker 4: in the world, they did not get rich because they started. 583 00:25:05,880 --> 00:25:08,000 Speaker 4: They just invested in the program, but they want one 584 00:25:08,040 --> 00:25:09,840 Speaker 4: stock and that's not how the game works. 585 00:25:09,920 --> 00:25:13,040 Speaker 2: Yeah, you're right about that, because some people think that, oh, 586 00:25:13,119 --> 00:25:15,760 Speaker 2: I got to find this like Unicorn stock, that's that 587 00:25:15,920 --> 00:25:18,000 Speaker 2: put me so much money, and I'm gonna invest in this, 588 00:25:18,240 --> 00:25:22,080 Speaker 2: and because you hear stories about that, and then you 589 00:25:22,119 --> 00:25:23,840 Speaker 2: people think that like oh, if I would have just 590 00:25:23,880 --> 00:25:27,000 Speaker 2: invested in Airbnb when it first started, or if I 591 00:25:27,000 --> 00:25:29,600 Speaker 2: would have invested in but you did it, you know, 592 00:25:29,720 --> 00:25:32,119 Speaker 2: back then, and some things. Also, it is not open 593 00:25:32,160 --> 00:25:35,320 Speaker 2: for everybody to get like that first round you have 594 00:25:35,440 --> 00:25:38,679 Speaker 2: to get and so even getting into the company of people, 595 00:25:38,720 --> 00:25:41,520 Speaker 2: because I also think that when you're surrounded by people 596 00:25:41,560 --> 00:25:45,000 Speaker 2: who are of that mindset where you're talking about finances, 597 00:25:45,000 --> 00:25:47,800 Speaker 2: where you're talking about investing, that's actually. 598 00:25:47,440 --> 00:25:48,280 Speaker 4: Gonna help you. 599 00:25:48,880 --> 00:25:49,240 Speaker 1: Yeah. 600 00:25:49,280 --> 00:25:51,800 Speaker 2: As far as having, like you said, community has been 601 00:25:51,800 --> 00:25:53,200 Speaker 2: so important, I think when it comes. 602 00:25:53,080 --> 00:25:55,879 Speaker 3: To its keep in mind a lot of people black investors, 603 00:25:55,960 --> 00:25:59,200 Speaker 3: it's twenty twenty of investing a lot in stocks. They've 604 00:25:59,240 --> 00:26:02,360 Speaker 3: never seen a bare market. So a lot of people, Oh, 605 00:26:02,400 --> 00:26:04,200 Speaker 3: my friend bought the stock and you know, I made 606 00:26:04,200 --> 00:26:06,200 Speaker 3: one thousand dollars in a week. They thought that's how 607 00:26:06,200 --> 00:26:07,280 Speaker 3: the stock market works. 608 00:26:07,320 --> 00:26:11,320 Speaker 4: Oh yeah, the game stop. Yeah, yeah like that, but 609 00:26:11,400 --> 00:26:15,479 Speaker 4: you know my normal. 610 00:26:15,600 --> 00:26:18,399 Speaker 3: It's like same with interest rates. People thought three percent, 611 00:26:18,520 --> 00:26:20,920 Speaker 3: four percent, that's where interest rates were. They didn't realize 612 00:26:21,119 --> 00:26:24,800 Speaker 3: we were in anomalies, anomally on the stock market being 613 00:26:24,840 --> 00:26:25,680 Speaker 3: a ten. 614 00:26:25,560 --> 00:26:27,200 Speaker 1: Years or so if that happened. 615 00:26:27,200 --> 00:26:29,719 Speaker 2: And now I want to ask this because I have 616 00:26:29,800 --> 00:26:32,520 Speaker 2: investments in this, but I've never taken money out. 617 00:26:32,920 --> 00:26:34,320 Speaker 1: How do you know when to do that? 618 00:26:34,520 --> 00:26:36,960 Speaker 2: Like that's a question because I feel like we always 619 00:26:37,000 --> 00:26:39,159 Speaker 2: talk about like you said, you don't lose until you know, 620 00:26:39,480 --> 00:26:41,680 Speaker 2: but when it's up, like, how do you know if 621 00:26:41,720 --> 00:26:45,600 Speaker 2: you don't really necessarily like I try not to touch mine, 622 00:26:45,640 --> 00:26:47,439 Speaker 2: but I'm like, okay, at some point, like when do 623 00:26:47,520 --> 00:26:49,040 Speaker 2: I acccess. 624 00:26:48,560 --> 00:26:50,200 Speaker 3: For sixty thirty ten? 625 00:26:51,240 --> 00:26:51,679 Speaker 4: Talk to me? 626 00:26:52,640 --> 00:26:57,240 Speaker 3: I think I got all that wrong, because yeah, money 627 00:26:57,240 --> 00:26:59,159 Speaker 3: that you're going to need, money that you're going to 628 00:26:59,200 --> 00:27:01,760 Speaker 3: need in five years less, you should take out of stocks. 629 00:27:01,840 --> 00:27:05,520 Speaker 4: So I have it depends on the person. I would 630 00:27:05,600 --> 00:27:07,560 Speaker 4: say Okay, I'll tell you how I do it right. 631 00:27:08,160 --> 00:27:10,240 Speaker 4: Every time I buy a stock, I have a game plan. 632 00:27:10,920 --> 00:27:12,960 Speaker 4: Why am I buying this stock? So, for example, I 633 00:27:13,000 --> 00:27:15,800 Speaker 4: bought Zoom during a pandemic. I knew it was it 634 00:27:15,840 --> 00:27:18,479 Speaker 4: was a right place at the right time. But I 635 00:27:18,520 --> 00:27:23,160 Speaker 4: also knew this Zoom was a smaller company, a younger company. 636 00:27:23,400 --> 00:27:26,240 Speaker 4: When you know business and there's big companies that exist, 637 00:27:26,320 --> 00:27:28,040 Speaker 4: they could eat you alive. But Zoom was at the 638 00:27:28,080 --> 00:27:29,520 Speaker 4: right place at the right time. So if you notice, 639 00:27:29,520 --> 00:27:32,520 Speaker 4: that's when Microsoft team started to come out like they 640 00:27:32,600 --> 00:27:35,639 Speaker 4: were small, but they killed it. I knew the moment 641 00:27:35,760 --> 00:27:39,119 Speaker 4: we went back outside it was not going to be 642 00:27:39,200 --> 00:27:42,120 Speaker 4: as powerful and the stock price dropped, So I knew 643 00:27:42,119 --> 00:27:44,199 Speaker 4: going in. I only wanted to own Zoom for like 644 00:27:44,240 --> 00:27:46,560 Speaker 4: a year. It wasn't a long term investment. So I'll 645 00:27:46,560 --> 00:27:48,800 Speaker 4: give another example. I invest in Amazon. This is not 646 00:27:48,840 --> 00:27:53,879 Speaker 4: a disclaimer. I'm not a financial advisor, but I feel 647 00:27:53,920 --> 00:27:56,240 Speaker 4: like I'm married to Amazon till death do us part, 648 00:27:56,960 --> 00:28:00,000 Speaker 4: and like don't I don't have a desire to. Amazon 649 00:28:00,240 --> 00:28:02,959 Speaker 4: has its ups and downs. They're not perfect, but Amazon 650 00:28:02,960 --> 00:28:04,840 Speaker 4: has made me a lot of money, and so I 651 00:28:04,920 --> 00:28:07,280 Speaker 4: knew going in. When I'm buying that stock for me, 652 00:28:07,320 --> 00:28:09,600 Speaker 4: I'm thirty six, now my age is forty. What is 653 00:28:09,600 --> 00:28:11,480 Speaker 4: my portfolio going to do? What is it going to 654 00:28:11,480 --> 00:28:12,959 Speaker 4: be able to produce for me? To help me sustain 655 00:28:13,000 --> 00:28:15,080 Speaker 4: the life that I want. I am building towards that 656 00:28:15,640 --> 00:28:17,880 Speaker 4: share by share, brick by brick to get me there. 657 00:28:18,160 --> 00:28:20,080 Speaker 4: Now another thing I do. I go to Paris every 658 00:28:20,119 --> 00:28:23,199 Speaker 4: single year. I'm either using points or I'm using stock games. 659 00:28:23,600 --> 00:28:27,320 Speaker 4: So sometimes I do sell my stocks, not all of them, 660 00:28:27,359 --> 00:28:30,000 Speaker 4: the ones I want to keep, I sell them to 661 00:28:30,119 --> 00:28:32,240 Speaker 4: do the things I want to do. Another example, when 662 00:28:32,240 --> 00:28:34,000 Speaker 4: I got kicked out of my parents, I mean my 663 00:28:34,280 --> 00:28:45,520 Speaker 4: apartment in Harlem. No no, no, no. 664 00:28:36,760 --> 00:28:39,680 Speaker 3: No no no. 665 00:28:40,480 --> 00:28:46,120 Speaker 4: But when I got kicked out my apartment, I my 666 00:28:46,280 --> 00:28:48,760 Speaker 4: stocks are the reason I could build by So I 667 00:28:48,800 --> 00:28:51,800 Speaker 4: had to sell my investments to start my business. I 668 00:28:51,840 --> 00:28:54,960 Speaker 4: tell people you can sell your stocks to pay down debt. 669 00:28:55,160 --> 00:28:57,440 Speaker 4: It's about what am I doing this for. Am I 670 00:28:57,520 --> 00:29:00,240 Speaker 4: investing for the retiring? For the long term? Am I 671 00:29:00,280 --> 00:29:02,240 Speaker 4: investing so that my child can get a car so 672 00:29:02,280 --> 00:29:04,520 Speaker 4: that they can go to college? For me, I know 673 00:29:04,560 --> 00:29:06,840 Speaker 4: what my game plan is and my dividend portfolio. I 674 00:29:06,880 --> 00:29:09,480 Speaker 4: know how much income I want to produce for my dividends. 675 00:29:09,560 --> 00:29:11,680 Speaker 4: I know with my growth stocks what I intend to 676 00:29:11,680 --> 00:29:14,120 Speaker 4: do now. I don't always sell all my stocks, all 677 00:29:14,240 --> 00:29:17,240 Speaker 4: my shares, but if I want to travel, I will herd. 678 00:29:17,280 --> 00:29:19,800 Speaker 4: There was a point in business fast forward, after I 679 00:29:19,920 --> 00:29:22,959 Speaker 4: kicked out, I was about to miss payroll, right if 680 00:29:22,960 --> 00:29:25,240 Speaker 4: the money wasn't coming in, money was old here there, 681 00:29:25,520 --> 00:29:28,520 Speaker 4: I sold my stocks to make payroll. So sometimes my 682 00:29:28,600 --> 00:29:32,000 Speaker 4: stocks are also my emergency fund because you can easily 683 00:29:32,000 --> 00:29:33,680 Speaker 4: sell a stock and get the cash for it. So 684 00:29:34,040 --> 00:29:37,360 Speaker 4: it's really about it. Again, I'm not a trader, and 685 00:29:37,400 --> 00:29:40,120 Speaker 4: there are times where you can try to time the market, 686 00:29:40,400 --> 00:29:43,440 Speaker 4: but I don't. I'm not trader. I like to buy 687 00:29:43,480 --> 00:29:45,840 Speaker 4: a hole. But if I go in with a short 688 00:29:45,920 --> 00:29:47,840 Speaker 4: term in mind, I know the game I want to 689 00:29:47,880 --> 00:29:50,520 Speaker 4: play and I have those expectations when of it. 690 00:29:50,680 --> 00:29:54,640 Speaker 3: That's what's great. Like I have a SWAB account, but 691 00:29:54,720 --> 00:29:57,360 Speaker 3: I have my all my little micro investing apps. That's 692 00:29:57,400 --> 00:29:59,880 Speaker 3: my emergency fund. And like Nvidia paid for me to 693 00:29:59,880 --> 00:30:03,000 Speaker 3: go to Europlus. Yeah, that's what used those little accounts 694 00:30:03,040 --> 00:30:03,840 Speaker 3: as an emergency. 695 00:30:04,160 --> 00:30:07,360 Speaker 4: And that's but again it varies person Again, people do 696 00:30:07,440 --> 00:30:10,160 Speaker 4: time the market, so you can try to know when 697 00:30:10,200 --> 00:30:12,280 Speaker 4: to sell I don't pay attention. 698 00:30:11,960 --> 00:30:13,720 Speaker 1: To market range and it's not a sure shot. 699 00:30:13,960 --> 00:30:17,480 Speaker 4: Yeah, I'm not that kind of person. But know what 700 00:30:17,520 --> 00:30:18,960 Speaker 4: you want to get out of it. If you've been 701 00:30:18,960 --> 00:30:22,600 Speaker 4: investing in, you gotta stop. I had bought stock between 702 00:30:23,560 --> 00:30:26,280 Speaker 4: I had lived in Paris for like three four months, Tesla, 703 00:30:26,360 --> 00:30:29,160 Speaker 4: Apple and Amazon, or how I survived in Paris. I 704 00:30:29,200 --> 00:30:31,080 Speaker 4: went through a business where I was trying to figure 705 00:30:31,080 --> 00:30:33,480 Speaker 4: out what was next for Implify. My stocks paid for 706 00:30:33,560 --> 00:30:35,600 Speaker 4: my trip. When I was in Paris, I sold like 707 00:30:35,680 --> 00:30:38,240 Speaker 4: thirty thousand dollars in my stock, but I had bought 708 00:30:38,240 --> 00:30:41,320 Speaker 4: it Wall Street days and so I needed the money 709 00:30:41,360 --> 00:30:43,560 Speaker 4: and it killed me because I was up thousands of prisons. 710 00:30:43,880 --> 00:30:46,880 Speaker 4: I made a lot of money. But but but it's 711 00:30:46,920 --> 00:30:50,200 Speaker 4: like you you invested to make money, It's okay. If 712 00:30:50,240 --> 00:30:52,880 Speaker 4: you made it, it's okay. If you sell, you're not 713 00:30:52,920 --> 00:30:54,680 Speaker 4: you're selling the games, you're not even selling what you 714 00:30:54,720 --> 00:30:57,640 Speaker 4: put in. And I still invested every single month. So 715 00:30:57,880 --> 00:30:59,960 Speaker 4: it really depends on the person. Again, you don't have 716 00:31:00,000 --> 00:31:01,840 Speaker 4: I have to always time the market. But if you 717 00:31:01,880 --> 00:31:04,480 Speaker 4: feel like I want to utilize my portfolio to make 718 00:31:04,480 --> 00:31:07,040 Speaker 4: another investment, or I want to go travel, I want 719 00:31:07,040 --> 00:31:09,640 Speaker 4: to pay off debt or make a down payment on 720 00:31:09,640 --> 00:31:11,840 Speaker 4: a home. That is fine. That is what the market 721 00:31:11,920 --> 00:31:14,320 Speaker 4: is for, to help you make money outside of using 722 00:31:14,360 --> 00:31:17,120 Speaker 4: your physical labor and time to be able to build wealth. 723 00:31:17,440 --> 00:31:20,560 Speaker 3: Tell people about emplify what they would get in terms 724 00:31:20,600 --> 00:31:22,200 Speaker 3: of membership and how they can find it. 725 00:31:22,280 --> 00:31:26,719 Speaker 4: So dot com so we are like the Netflix of finance. 726 00:31:26,720 --> 00:31:28,440 Speaker 4: We have an app called the wealth Bordess Community App, 727 00:31:28,440 --> 00:31:31,000 Speaker 4: which is a membership based platform where adults and now 728 00:31:31,040 --> 00:31:35,040 Speaker 4: twenty three countries have access to financial tools and resource. 729 00:31:35,040 --> 00:31:36,720 Speaker 4: So all the things we did not teaching, did not 730 00:31:36,760 --> 00:31:38,800 Speaker 4: learn in the school system, that's what empathy gives you 731 00:31:38,840 --> 00:31:40,640 Speaker 4: inside of our platform. From learning how to invest in 732 00:31:40,640 --> 00:31:44,160 Speaker 4: a stock market, plan for retirement, pass down your wealth 733 00:31:44,200 --> 00:31:47,440 Speaker 4: life insurance PAAR, and investing all the things I learned 734 00:31:47,520 --> 00:31:50,400 Speaker 4: working on Wall Street, I created a company and a 735 00:31:50,440 --> 00:31:53,040 Speaker 4: platform that where you don't have to walk into that 736 00:31:53,120 --> 00:31:55,360 Speaker 4: Wall Street building to get access to those tools. You 737 00:31:55,440 --> 00:31:57,440 Speaker 4: now can come into the Weltbordess community to get access 738 00:31:57,440 --> 00:31:59,080 Speaker 4: to that. And so it's a way where you can 739 00:31:59,120 --> 00:32:03,320 Speaker 4: have readily available access to education but also that community 740 00:32:03,400 --> 00:32:06,600 Speaker 4: environment because our members are afraid you come in. Some 741 00:32:06,640 --> 00:32:08,760 Speaker 4: people have never had a broken account, never bought a stop. 742 00:32:08,760 --> 00:32:11,160 Speaker 4: But when you see someone on our timeline who started 743 00:32:11,200 --> 00:32:14,320 Speaker 4: out just like you getting their first dividend for two 744 00:32:14,360 --> 00:32:17,080 Speaker 4: dollars and they're so excited, we celebrate those small wins. 745 00:32:17,120 --> 00:32:19,960 Speaker 4: And collectively our members as of today have invested over 746 00:32:20,080 --> 00:32:22,720 Speaker 4: nine million dollars, and these are people who started with 747 00:32:22,760 --> 00:32:24,920 Speaker 4: twenty dollars. And so we're cultivating a space to say, 748 00:32:25,160 --> 00:32:26,680 Speaker 4: I don't care what you look like, how much you 749 00:32:26,720 --> 00:32:28,280 Speaker 4: do or do not have, for the mistakes you made 750 00:32:28,320 --> 00:32:30,400 Speaker 4: in the past. We're gonna build this together. There will 751 00:32:30,400 --> 00:32:31,959 Speaker 4: be a point you heard it here first where our 752 00:32:31,960 --> 00:32:34,640 Speaker 4: members will invest one hundred million dollars and these are 753 00:32:34,720 --> 00:32:37,320 Speaker 4: people that can't make it to the twenty seven floor 754 00:32:37,320 --> 00:32:39,280 Speaker 4: that I worked at work in at JP Morgan and 755 00:32:39,320 --> 00:32:41,440 Speaker 4: so really putting people in that position. In addition to that, 756 00:32:41,480 --> 00:32:43,760 Speaker 4: we've created programs and school systems. We taught the kids 757 00:32:43,760 --> 00:32:46,360 Speaker 4: that came out of Rikers, we taught, We've been in 758 00:32:46,400 --> 00:32:50,120 Speaker 4: school systems, prison systems. We've worked with large companies and corporations, municipalities, 759 00:32:50,320 --> 00:32:54,000 Speaker 4: providing the financial tools and resources in a easy digestible way, 760 00:32:54,320 --> 00:32:56,200 Speaker 4: but also in a way that is culturally relevant, that 761 00:32:56,240 --> 00:32:58,600 Speaker 4: meets people where they are because money is a topic 762 00:32:58,640 --> 00:33:00,360 Speaker 4: we don't like to talk about. To talk about it, 763 00:33:00,840 --> 00:33:02,680 Speaker 4: we're gonna talk about way you're scared, We're gonna talk 764 00:33:02,680 --> 00:33:03,920 Speaker 4: about it. We're gonna talk about what we're going to 765 00:33:03,960 --> 00:33:05,800 Speaker 4: figure this out. But we are going to be the 766 00:33:05,880 --> 00:33:08,440 Speaker 4: number one platform that creates investors, whether you are a 767 00:33:08,480 --> 00:33:10,920 Speaker 4: six year old child or you are a seventy nine 768 00:33:11,000 --> 00:33:12,760 Speaker 4: year old, because that is the eldest member inside of 769 00:33:12,760 --> 00:33:16,320 Speaker 4: our platform. It's never too late to bid wealth. But 770 00:33:16,400 --> 00:33:18,920 Speaker 4: the goal was to create something that Wall Street gave 771 00:33:19,000 --> 00:33:21,720 Speaker 4: to its twenty five plus million dollar client. As long 772 00:33:21,760 --> 00:33:24,360 Speaker 4: as you have five dollars, you go to empify, go 773 00:33:24,400 --> 00:33:26,000 Speaker 4: to our wealth. With hiss community app, you can become 774 00:33:26,040 --> 00:33:27,840 Speaker 4: a member and really start to build. 775 00:33:27,840 --> 00:33:30,320 Speaker 3: And how we can also follow emphifi on social and 776 00:33:30,360 --> 00:33:33,600 Speaker 3: your Instagram is at emplify. 777 00:33:33,520 --> 00:33:37,680 Speaker 1: E m p I f y empower at unders or. 778 00:33:37,640 --> 00:33:40,920 Speaker 3: Ashley M Fox and come back. 779 00:33:40,960 --> 00:33:45,120 Speaker 1: So please amazing, I love it. Please, this is awesome. 780 00:33:45,240 --> 00:33:47,520 Speaker 3: Thank you so much for your time and Happy Wealth 781 00:33:47,560 --> 00:33:48,760 Speaker 3: Wednesdays everybody. Yay. 782 00:33:51,680 --> 00:33:52,240 Speaker 4: Well