Speaker 1: Welcome the Money and Wealth with John Hobryant, a production
Speaker 1: of the Black Effect Podcast Network and iHeartRadio. Yo, Yo Yo.
Speaker 1: This is John Hope Bryant, and this is Money and
Speaker 1: Wealth on the Black Effect Network on iHeartRadio. This is
Speaker 1: season two and this is a special bonus episode that
Speaker 1: I really thought I would never do, in part because well,
Speaker 1: I was just wrong. I assumed you knew all this
Speaker 1: stuff about Operation Hope, and I don't know where I
Speaker 1: got that from. I don't know why I would have
Speaker 1: assumed that you would know all that Operation Hope does.
Speaker 1: I've never taken the time to actually unpack and explain
Speaker 1: it to you. I just assumed, because you know me,
Speaker 1: you know it. And for that I'm wrong. Because when
Speaker 1: you assume, you make an ass you and me. It's
Speaker 1: literally what it's spells out. And so you should never
Speaker 1: assume anything. And I tell people that all the time,
Speaker 1: but I didn't practice what I preached, So for that
Speaker 1: I apologize. So today we're going to well set the
Speaker 1: record straight and we're going to get on a whole
Speaker 1: new trajectory here by breaking down the tools and shovels
Speaker 1: of Operation Hope, because really, the world owes you an apology.
Speaker 1: People will say often I hear them say I hate
Speaker 1: capitalism or I hate I hate rich people. And my
Speaker 1: response often is, well, no, you don't. You hate rich
Speaker 1: people until you become rich. What you hate is a
Speaker 1: game system. What you hate is a system that is
Speaker 1: seems to be somehow rigged against you. That know how,
Speaker 1: no matter how hard you work, no matter what you do,
Speaker 1: you can't seem to get ahead. You've got too much
Speaker 1: month at the end of your money, can I get
Speaker 1: an amen? So it's not you. The system is sort
Speaker 1: of rigged against you because you never got the Memo
Speaker 1: that was my fourth book. I also assume you read
Speaker 1: all my books. By the way, there was Banking Our Future,
Speaker 1: there's Love Leadership, There's How the porkin Save Capitalism a bestseller,
Speaker 1: There is the Memo bestseller. There's Up from Nothing that
Speaker 1: was a bestseller, and then the sort of the rocket
Speaker 1: ship bestseller. The one that's out now is Financial Literacy
Speaker 1: for All, which has been a bestseller for going on
Speaker 1: fifteen months now on hardcover and now paper books, paperback,
Speaker 1: and you get it at Walmart or Amazon, or you're
Speaker 1: a local bookstore, your local bookstore. If you could give
Speaker 1: a black bookstore, you neighborhood, you should support it. By
Speaker 1: the way, if you if you know a person of color,
Speaker 1: or a woman's own store, a minority a small business bookstore,
Speaker 1: you should support it. So anyway that I've outlined this
Speaker 1: and unpacked sort of the how to of how we
Speaker 1: got here in my books, I've described how we never
Speaker 1: got the memo, why in many ways we make assumptions
Speaker 1: about this. That is what we don't know. That we
Speaker 1: don't know this killing is what we think we know.
Speaker 1: We assume that we've got the memo. We assume that
Speaker 1: we understand how the system works. We shouldn't assume anything. Again,
Speaker 1: I've the society assumes that about us, and I assumed,
Speaker 1: by the way, as I said earlier, that you knew
Speaker 1: all about Operation Hope. Both of those things are wrong
Speaker 1: and you should not feel ashamed. As I keep saying
Speaker 1: in this podcast episode in series over the last two years,
Speaker 1: you should not be ashamed because it's because you don't know.
Speaker 1: It's what you don't know. That you don't know this
Speaker 1: killing you. But you think you know, but no one
Speaker 1: ever taught you to know better. If you knew better,
Speaker 1: you do better. How do I know that because as
Speaker 1: you've already proven it were, the rules are published, and
Speaker 1: the plainfielder's level, you kill it, you succeed. Let's give
Speaker 1: some examples the arts, professional sports, faith, politics. The rules
Speaker 1: are published, the plainfool's level, you killed it, you succeeded. Now,
Speaker 1: about six thousand years ago, we had a choice to make,
Speaker 1: and for a range of reasons, our season was culture.
Speaker 1: We decided to become an expert in culture, and that
Speaker 1: became the definition of cool. And we are the definition
Speaker 1: of cool all around the world. Well, our mainstream friends,
Speaker 1: and this includes our Jewish brothers and sisters, by the way,
Speaker 1: kudos on them. They decided to major in capitalism, and
Speaker 1: so you have commerce and capitalists on the on the
Speaker 1: on the one side, and commerce and kosher and cool
Speaker 1: on the other. They're all good. None of this is
Speaker 1: bad stuff. They're good in different ways. But the problem
Speaker 1: is that if you're rocking the mic but you don't
Speaker 1: own the stage, then you're renting your future. If you're
Speaker 1: rocking the mic but you don't own the stage, right,
Speaker 1: then you're renting your future. And that has been the
Speaker 1: storyline of all these achievers who confuse making money with
Speaker 1: building wealth. You make money. During the day you build
Speaker 1: wealth and your sleep. Because again, no one taught us
Speaker 1: how this system works. No one taught us this game
Speaker 1: of capitalism. So we are about getting that ball to
Speaker 1: get that dollar, getting that bag, getting that cash, getting paid. Okay, great,
Speaker 1: that's called a contract an opportunity, and you mayet rich
Speaker 1: for a moment, but you won't be wealthy. And if
Speaker 1: your outfloaks is your inflows and your overhead, it will
Speaker 1: be your downfall. So if you're making money, I don't
Speaker 1: care how much money you make, how little or much
Speaker 1: you make. If the income stops because the contract or
Speaker 1: the agreement stops and your expenses continue and you don't
Speaker 1: have something offsetting that, which is a level of wealth
Speaker 1: you've been able to create, then you're going to go
Speaker 1: broke slowly, or in some cases, when it's a lot
Speaker 1: of money, you'll go broke very fast and very in
Speaker 1: a spectacular fashion. So there's nothing wrong with us. We're
Speaker 1: not dumb, we're not stupid. We have too much month
Speaker 1: at the end of our money. Seventy percent of this
Speaker 1: country is living from patrick to paycheck as everybody but
Speaker 1: half of black folks have a credit score below six
Speaker 1: to twenty we're the lowest in the country on average.
Speaker 1: And again we're not dumb and we're not stupid. We
Speaker 1: were enslaved on American soil. It was illegal to teach
Speaker 1: us how to teach us how to read. Forget teaching
Speaker 1: uspential literacy, that was a big no no. And capitalism,
Speaker 1: forget about it altogether. We were, in fact we were
Speaker 1: capital So I don't want you, I want you. I
Speaker 1: don't want you thinking there's something wrong with why you
Speaker 1: don't know this, and I don't want you ashamed to
Speaker 1: have these conversations. And that is in part why I'm
Speaker 1: doing this episode because not only do I want to
Speaker 1: inspire you with the lessons every week about how the
Speaker 1: systems work U and I want you to master the system.
Speaker 1: Don't be upset by it, because once you understand the rules,
Speaker 1: I think that you will kill it. In this area
Speaker 1: as well. I mean I joked that black folks you know,
Speaker 1: found tennis and killed it. The Williams sisters we found
Speaker 1: f one racing you know, Lewis Hamilton and killed it. Right,
Speaker 1: We found uh, you know, soccer killed it. All these
Speaker 1: areas where we golf, you know, Tiger Woods. We're not
Speaker 1: normally at we've found these areas. We figured out the
Speaker 1: rules of engagement and playing the rules, playing by the rules.
Speaker 1: We killed it. And you're now seeing blacks and NASCAR racing.
Speaker 1: You're seeing black Okay, So we can. We've proved we
Speaker 1: can do it this success thing everywhere. Why couldn't we
Speaker 1: do it in capitalism and free enterprise. It makes no
Speaker 1: sense that we cannot. It makes every sense that we can.
Speaker 1: That's the system that I want to teach you. I
Speaker 1: also want to create a network of resources and services
Speaker 1: and programs to help you, not giving you a handout,
Speaker 1: but a hand up. And by the way, our service
Speaker 1: is available to everybody, black, white, red, brown, and yellow.
Speaker 1: I'm going to show you how to produce some green.
Speaker 1: Whether you're black and brown urban or your poor, white
Speaker 1: and rural and you live in a five under credit
Speaker 1: cord neighborhood, you've got the same problem. You have a
Speaker 1: check casher next to a patio on lender, next to
Speaker 1: a render owned store, next to a title lender, next
Speaker 1: to a liquor store, next to a pawn shop, right
Speaker 1: and a church down the street. Trying to make you
Speaker 1: feel a little bit better. Once a week you had
Speaker 1: the military. You're the military installation, a military base. All
Speaker 1: these predators are right there at the gates of the
Speaker 1: military base waiting for you to come out, because they realize,
Speaker 1: they know, they realize, they know, they're hoping you don't
Speaker 1: realize that you cannot have defaults on your financial picture
Speaker 1: if you want to keep your military credentials and your
Speaker 1: security clearances. So they are going to do They know
Speaker 1: you're going to do anything you can't have to to
Speaker 1: clear up your debts, and they're going to try to
Speaker 1: help clear out your pockets as you're doing that. So
Speaker 1: we're all in this thing together. I believe that the
Speaker 1: new movements in the suites, not the streets. The work
Speaker 1: in the streets continues. Civil rights, as we can see
Speaker 1: clearly now, is still very much needed. But civil rights
Speaker 1: has to have a partner, and now believe that civil
Speaker 1: rights si l v Er I believe the work in
Speaker 1: the streets have to now move to the suites. A
Speaker 1: protesting has to transition to partnership. That we've got to
Speaker 1: go from just cashing a check to writing them this
Speaker 1: and we've got to not just focus on red rooms,
Speaker 1: which are rooms designed to stop discrimination, racism, biased, all
Speaker 1: the bad things, but to point toward and hope, open
Speaker 1: up and support and encourage and develop new green rooms, internships, apprenticeships,
Speaker 1: places to create enterprise and entrepreneurship, places of education that
Speaker 1: connects education with aspiration, giving people the tools and the
Speaker 1: shovels to come up from nothing. You can't bootstrap yourself
Speaker 1: if you don't have shoelaces. We want to give you
Speaker 1: those shoelaces so that you can add to the American tapestry,
Speaker 1: so you can complete the American dream. I believe this
Speaker 1: is a third reconstruction. The first reconstruction was freedom Civil
Speaker 1: War right after it, Frederick Douglas's Abraham Lincoln, etc. All
Speaker 1: of the heroes and heroes of that era. Second reconstruction
Speaker 1: civil Rights movement, Doctor Martin la King Jr. My mentor hero,
Speaker 1: Andrew Young. Bastard Andrew Young, who's a global spokesman of
Speaker 1: Operation Hope and the man who created effectively the only
Speaker 1: international city in the South, which is a tenth lars
Speaker 1: economy in the country, which is built on diversity and inclusion, Atlanta, Georgia.
Speaker 1: And we're Operation to Hope in my company's Brian Group Companies,
Speaker 1: Brian Group Ventures, etc. Are headquarters and then the promise
Speaker 1: and the promise of the future, I believe is this
Speaker 1: third reconstruction that we're in now, which is about moving
Speaker 1: you from the streets to the suites, expanding the table,
Speaker 1: adding a chair, including yourself in it as opportunity, growing
Speaker 1: GDP for all of us in new colors, not black
Speaker 1: or white as in race, or red or blue as
Speaker 1: in politics that define the first and second reconstructions. This
Speaker 1: third one, I believe the color is green. Where we
Speaker 1: go from a history of bad capitalism, slavery being a
Speaker 1: really good, bad example of that, to a history of
Speaker 1: good capitalism where bad capitalism is where I benefit and
Speaker 1: you benefit. Sorry, I benefit and you pay a price
Speaker 1: for it, and good capitalism is where I benefit and
Speaker 1: you benefit more. Can I get an amen? So we
Speaker 1: can do well and do good too? Right, we can
Speaker 1: have the system of good capitalism, but you've got to
Speaker 1: understand the rules of the game. Somebody's got to give
Speaker 1: you the memo, somebody's got to lay the framework out
Speaker 1: for you. And beyond that education and an aspiration, you
Speaker 1: need tool services in a platform. So when I said
Speaker 1: I want to become the federal Reserve of the hood,
Speaker 1: that was all disrespect to the Federal Reserve. I think
Speaker 1: the Federal Reserve is fantastic, and it's not it's not
Speaker 1: lacking in any way. It's a standard, a ghost standard
Speaker 1: for the world, no pun intended, good standard. But there
Speaker 1: is another America that that seemed to can't even get
Speaker 1: to the benefits of the Federal Reserve because they live
Speaker 1: in another hood. They've been left behind by the neighborhood,
Speaker 1: by the systems. You're not broken, the system is. And
Speaker 1: so I decided to create economic plumbing for underserved America.
Speaker 1: That is a vision of Operation Hope. So if you're
Speaker 1: looking at this on your video feed, or you're listening
Speaker 1: to this on your podcast network, you're going you're you're
Speaker 1: listening to this on your way to work, or you're jogging,
Speaker 1: or you're cooking, or you're with the girl or your buddies,
Speaker 1: and you don't have a lot of time, or you
Speaker 1: want to send this to somebody else and they have
Speaker 1: short periods of time, tell them to go to the
Speaker 1: minute thirteen. And that's where John Briant goes in on
Speaker 1: the what, because when you finish this podcast, I want
Speaker 1: you to have the tools and the shovels you need
Speaker 1: to literally empower your life with the information that I'm
Speaker 1: giving you. So I'm going to punch through this pretty
Speaker 1: quickly because you're really smart and you don't need to
Speaker 1: handhold you. So we're not just helping people. We're rebuilding
Speaker 1: the operating system of American capitalism, inclusive economics. I call
Speaker 1: it inclusive capitalism. I call it. It is expanding the
Speaker 1: lens of free enterprise. It is, to quote my friend
Speaker 1: Stephanie Rule, expanding the table and adding a chair. So
Speaker 1: Operation Hope that I found it thirty three years ago
Speaker 1: in south central Los Angeles after the Rodney King riots
Speaker 1: of nineteen ninety two. Pristion Hope is leading the civil
Speaker 1: rights movement s I l V e R and now
Speaker 1: the Third Reconstruction in my opinion, along with other noteworthy
Speaker 1: and important organizations that are doing great work in this country.
Speaker 1: By the way, Bishop T. D. Jakes and his Good
Speaker 1: Soil Organization, there's so many more Van Jones and all
Speaker 1: the heroes and heroes Susan Taylor. There's so many people
Speaker 1: who are doing really important work. It's not just us
Speaker 1: but leading this helping to lead this important work at
Speaker 1: this important time that's platforming economic growth for this next
Speaker 1: generation for this country, because literally, this country cannot continue
Speaker 1: to be the leader of the free world without the
Speaker 1: least of these gods children joining the party. And this
Speaker 1: is an old story, by the way. In other words,
Speaker 1: the country has always had the bottom lift up from
Speaker 1: the bottom to the top. The latter has just broken
Speaker 1: now and we need to rebuild it for us. So
Speaker 1: Main Street needs the same resources as Wall Street, Okay,
Speaker 1: and so Operation Hope is this economic plumbing, this Walmart
Speaker 1: for financial literacy, this Starbuck of financial inclusions for the country.
Speaker 1: Fifteen hundred offices. It will be fifteen thousand by twenty thirty,
Speaker 1: but we currently have two day fifteen hundred offices and
Speaker 1: forty two plus states. We're opening an office on average
Speaker 1: every two weeks. Think about the major banks in this corporation.
Speaker 1: Most all of them are for our partners, and they're
Speaker 1: not doing one officer too. In the case of Truest Bank,
Speaker 1: they're doing eight hundred, almost half of all their branches.
Speaker 1: That's not charity. I don't want to get wrong in
Speaker 1: the number off the top of my head, but I
Speaker 1: think at this point we're well over fifty Bank of America,
Speaker 1: same thing, US Bank on board. I mean you name
Speaker 1: the institution, we have a relationship with them. Major corporations,
Speaker 1: we have relationships with them. The Fortune five hundred. This
Speaker 1: is not charities, major cities and the city, state, and
Speaker 1: federal government. I've known. I've worked with twelve US Secretaries
Speaker 1: of the Treasury. I've known nine US presidents. We've been
Speaker 1: recognized by five US presidents by both parties. I've been
Speaker 1: a credentialed advisor with the security clearance for three presidents
Speaker 1: from both parties. I've advised officially and unofficially President Clinton,
Speaker 1: President Bush, and President Obama. Been the chairman of the
Speaker 1: the US President's Advisory Council of Financial Literacy and the
Speaker 1: Chairman of the Committee on the Underserved. We've made it.
Speaker 1: We created federal policy for financial literacy for the federal government.
Speaker 1: Now we need tod that policy to include the people
Speaker 1: in communities. Hopefully this means legislation sometime soon that will
Speaker 1: be K through college at least K through twelve should
Speaker 1: be mandatory financial literacy, I believe is a civil rights
Speaker 1: issue this generation. We inspired the renaming of the building
Speaker 1: on the White House campus called the Freedman's Bank. No
Speaker 1: organization or individual has ever done that in the history
Speaker 1: of this country, all up from South central a and Compton,
Speaker 1: California to now the largest on the ground footprint for
Speaker 1: economic empowerment in this country. Fifteen hundred physical offices, three
Speaker 1: hundred offices that are manned by my employees, and then
Speaker 1: the rest are helped twelve hundred are through our partners
Speaker 1: who help us with their employees and with volunteers and
Speaker 1: through technology. So by the end of this episode, you'll
Speaker 1: know exactly how to download hope into your life, your business,
Speaker 1: your school, or your community. And we're not selling a dream,
Speaker 1: We're helping you build yours. So here are the tools
Speaker 1: and the shovels of your life. So for individuals and families,
Speaker 1: I'm literally going to break this down. So put out
Speaker 1: your pen, your pencil, your digital platform, your iPhone, notes, whatever,
Speaker 1: and let's get at this hope inside we have. This
Speaker 1: is where we have fifteen hundred offices. Hope inside of
Speaker 1: bank branches, hoping side, hoping side of churches, hoping side
Speaker 1: of grocery stores, hoping side of community centers, hoping side
Speaker 1: of government offices, hoping side of the fire department. I
Speaker 1: believe we're doing that in Atlanta, hoping side a police
Speaker 1: department hoping side. So these hope inside offices to make simple,
Speaker 1: make things really simple, are doing some straightforward things. They're
Speaker 1: raising your credit score fifty four points in six months,
Speaker 1: lowering your debt thirty eight hundred dollars, increasing your savings
Speaker 1: twelve hundred dollars between six and twelve months. If you're
Speaker 1: making forty eight thousand dollars a year, fifty thousand dollars
Speaker 1: in this example, this just changed your life and made
Speaker 1: you bankable. Did you get that point? All right? Just
Speaker 1: doing that transforms your life. So the bank can't tell
Speaker 1: you yes, you think the bank is racist. They just
Speaker 1: might think you're a credit risk. By the way, the
Speaker 1: bank who knows the banker might be racist. I don't know.
Speaker 1: All I know is if you go to that computer
Speaker 1: at midnight and you punch in your information, you have
Speaker 1: a seven to twenty credit score and you're asking for
Speaker 1: a sub one hundred thousand dollars credit line, mortgage line,
Speaker 1: credit card, whatever, the likelihood of that computer saying yes
Speaker 1: to you, irrespective of your color, your gender, or your
Speaker 1: geography is very very high, like above eighty percent. So
Speaker 1: the color is green, not black and white or red
Speaker 1: or blue, and we're going to help you to access
Speaker 1: some of that green by making yourself attractive a bank.
Speaker 1: There's a joke in banking. A banker will lend you
Speaker 1: money you prove you don't need it. It's a joke,
Speaker 1: but it's not far from it. In other words, it's
Speaker 1: about it's a joke that every banker recognizes because bankers
Speaker 1: are not in the risk business. They're in the risk
Speaker 1: mitigation business, the risk management business. And you need to
Speaker 1: show that you're managing risk your own and those you're
Speaker 1: associated with very well, so they can trust you with
Speaker 1: loaning you money because they have got to get it
Speaker 1: back because because most of their money is to positive
Speaker 1: mone me and if you fail, they fail. So the
Speaker 1: only benefit if they make you a loan and you
Speaker 1: pay it back and they and they cannot profit unless
Speaker 1: they're making loans. So anybody that says, well, the bank
Speaker 1: is just doesn't make loans. That's not right. That's not
Speaker 1: true that the bank wants to say yes, but they're
Speaker 1: forced to say no if your credit score stinks, if
Speaker 1: your debt to income ratio stinks, if your credit is
Speaker 1: tow up from the flow up. My daddy used to
Speaker 1: say he doesn't have credit. He had credit that his
Speaker 1: credit was bad, right, and no banker wanted to live
Speaker 1: and lend him money. It was a nice guy, ever,
Speaker 1: didn't matter. You go to church every Sunday and be
Speaker 1: the nicest person on the planet. If your credit is
Speaker 1: toe up and you have a five hundred credit score,
Speaker 1: they're not giving you a loan. It's not racist, it's
Speaker 1: it's just a smart credit decision. So my credit score
Speaker 1: used to be eight hundred. Now it's in the high
Speaker 1: seven hundreds. Because I'm an entrepreneur and I use my
Speaker 1: profile my platform to support operations ope with a lot
Speaker 1: of my ventures. So it moves around. But the anything
Speaker 1: above seven hundred is smooth. So we're going to help
Speaker 1: you get to a point where the bank can be
Speaker 1: in the yes business. Yes we want to make you
Speaker 1: a homeowner. Yes we want to make you provide your
Speaker 1: consumer credit card and so on and so forth, versus
Speaker 1: turning you down. So we got to turn the green
Speaker 1: lights on in underserved communities so that we can say yes.
Speaker 1: So I wrote the business plan for America. I wrote
Speaker 1: this tied dream forward. Doctor Kings the anniversary of his
Speaker 1: assassination a fifty seventh anniversary April fourth. I wrote a
Speaker 1: series of business plans. Business Plan for America, Everybody, business
Speaker 1: plan for Black America, a business plan for Rural America,
Speaker 1: a business plan for Women, a business plan for Latino Americas,
Speaker 1: a business fan for Asian America, the business plan for
Speaker 1: Native American Indians. I probably missed a group off the
Speaker 1: top of my head, but they're all online. Go to
Speaker 1: dream Forward. Everything i'm telling you right now is downloadable,
Speaker 1: searchable while while i'm talking to you. Go online and
Speaker 1: just type in dream Forward business Plan for America, our
Speaker 1: John o'pbrant business Plan for America, our Operation Hope dream Forward,
Speaker 1: any of these iterations, our John O'Briant business plan for
Speaker 1: Black America, or a business plan for women, business plan
Speaker 1: for Rural America which includes my poor white brothers and sisters.
Speaker 1: All of these will pull up these business plans. I
Speaker 1: want you to read them, I want you to print them.
Speaker 1: I want you to share them with everybody. This is
Speaker 1: open source. I'm not hiding anything from anybody, right and
Speaker 1: then I want you to tie those business plans into this.
Speaker 1: If you go to a Hope and Side location and
Speaker 1: you raise your credit score, and then everybody in your block,
Speaker 1: raise your credit score in your neighborhood of your family.
Speaker 1: Here's what you find out. If you hang around nine
Speaker 1: broke people, you're going to be the tenth. The opposite
Speaker 1: is also true. You hang around nine rich people, you're
Speaker 1: likely to be rich and wealthy too, at least rich.
Speaker 1: You hang around nine aspirational people, you tend to be aspirational.
Speaker 1: You model what you see. Let's change what we see
Speaker 1: and who we model on who we hang around. So
Speaker 1: if we infect everybody with an increased credit score, what
Speaker 1: we found is over twenty years time, if we do
Speaker 1: nothing in Black America, our net worth will be about
Speaker 1: zero by twenty fifty three. Okay, so that's a little
Speaker 1: bit more than than twenty years time, of course, but
Speaker 1: you get the point by twenty fifty three, well within
Speaker 1: before you know, within thirty years the network back. If
Speaker 1: we do nothing, but we're doing now, the network of
Speaker 1: Black America will be zero. If we raise credit score
Speaker 1: for one hundred points to an average of seven hundred,
Speaker 1: as I'm suggesting, you pick up seven hundred and fifty
Speaker 1: billion dollars in wealth creation just by doing that. You
Speaker 1: then use that credit score to then access home ownership,
Speaker 1: because you're because now you're a prime credit risk. That's
Speaker 1: eight hundred billion dollars, right, So just those two acts,
Speaker 1: which doesn't require any government intervention, that's one point five
Speaker 1: ish trillion dollars of wealth creation in twenty five some
Speaker 1: odd years. So this is the power when I'm talking.
Speaker 1: So these Hope and Side locations are helping you to
Speaker 1: raise your credit scores, lower your debt, increase your savings
Speaker 1: on an individual basis to making you bankable so the
Speaker 1: bank can get in the yes business and out of
Speaker 1: the no business. And if somebody discriminates against you after
Speaker 1: you've done all this, you come see me right. In fact,
Speaker 1: we have a rule of operation Hope. If the bank
Speaker 1: turns you down, will fund your loan, in other words,
Speaker 1: will approve you subject to the resolution of your primary
Speaker 1: denial factors. That's right, we OPPREI will approve you, and
Speaker 1: we've approved. We have facilitated four point five billion dollars
Speaker 1: plus of investments and underserved communities primarily through major banks
Speaker 1: that I'm talking about here at prime rates, and we've
Speaker 1: never had the fund the loan. But our promise is
Speaker 1: if the bank, if you do what we tell you
Speaker 1: to do and the bank does not fund your loan,
Speaker 1: will approve you. If the bank doesn't fund it, will
Speaker 1: fund it. We'll put up our own balance sheet. And
Speaker 1: I'm the largest black mail founded community based nonprofit ever
Speaker 1: stood up and operated in an American history on a
Speaker 1: sustainable basis, based on our annual budget and based on
Speaker 1: the investments that we've made in communities. So I'm not
Speaker 1: selling wolf tickets here. I'm telling you what we've done
Speaker 1: for thirty three years and I've never had to write
Speaker 1: a check because the banks always want to make a
Speaker 1: good loan, and if they don't, again, somebody discriminated against
Speaker 1: you will be staying right there with you to walk
Speaker 1: you through back through a re look at your file
Speaker 1: number two. So we're doing free financial coaching. It's not
Speaker 1: really free. It's sponsored your scholarship. So we have Hope scholarships.
Speaker 1: So it cost us money to and our partners cost
Speaker 1: us money to do this. But we will give you
Speaker 1: a thousand dollars scholarship good for twelve months to do
Speaker 1: your free financial coaching, get your credit score, debt savings inline,
Speaker 1: create a budget for you. Things like that just by
Speaker 1: calling Operation Hope or downloading the Hope in hand app
Speaker 1: or calling one hundred number or going to our website.
Speaker 1: All right, so this is the first gift to you. Now,
Speaker 1: I want you to go to the Whole Financial Wellness
Speaker 1: Index and type in your zip code, because I'm going
Speaker 1: to tell you what your credit score is, and you
Speaker 1: tell me your zip code. I'm gonna tell your credit score.
Speaker 1: I'm gonnaell you how you're living. You tell me your
Speaker 1: zip code, I'm gonna tell you your credit score, and
Speaker 1: then I'll tell you how you're living. So if you
Speaker 1: type in that zip you type in your zip code
Speaker 1: and it tells you that you're in a six' ten
Speaker 1: credit score, neighborhood it's not, horrible but that will tell
Speaker 1: you a lot of things about what's going on in that.
Speaker 1: Neighborhood if you live in a five hundred credit score,
Speaker 1: neighborhood you lived at sixty one years of. Age by the,
Speaker 1: way its retirements not sittinguntil sixty. Five, Okay so you're
Speaker 1: paying all this money in the system and you're dying
Speaker 1: before you even, retire and can benefit from it because
Speaker 1: you're in a surviving. Mindset to cover that in the,
Speaker 1: book my book From, nothing see how these things are
Speaker 1: all typed in my. Books my speech is the podcast
Speaker 1: The Working. Operation we see how this, stuff civil rights
Speaker 1: movement for the Third. Reconstruction all these things are tying in.
Speaker 1: Together it's all one. Mosaic so. Uh and if you
Speaker 1: live to if you have a seven hundred credit, score
Speaker 1: by the, way you live to eighty one years of.
Speaker 1: Age so we found that across this country about fifteen
Speaker 1: minutes apart from in this example Of, chicago from you,
Speaker 1: Know Garfield, PARK i believe it's, called and then you
Speaker 1: Have Lincoln park fifteen minutes apart between a five hundred
Speaker 1: credit score and a seven hundred plus credit, score night and.
Speaker 1: Day like the tell of two. Cities same thing In,
Speaker 1: atlanta same thing in la same thing In New, york
Speaker 1: same thing in you, Know, detroit doesn't, matter, Right and
Speaker 1: you lived eighty one years of age in a seven
Speaker 1: credit cord neighborhood across the country and sixty one years
Speaker 1: of age on average and a five hundred credit cord
Speaker 1: neighbor credit creditcore. Neighborhood so it's it's like it's it's
Speaker 1: not an exact. Science like for every fifty point increase
Speaker 1: in your credit, score you, know you get five years
Speaker 1: more of length of, Life so twenty sixty one years
Speaker 1: of age versus eighty one years of age, right And
Speaker 1: Operation hope is helping you to resolve something like this
Speaker 1: on your. Own you don't need anybody else to do.
Speaker 1: This you can do it by. Yourself so what happens
Speaker 1: when you walk into A hope in side. Location let's
Speaker 1: be specific about. This you're a single, mother you've had a,
Speaker 1: divorce you got divorce ten years. Ago you walk in the.
Speaker 1: Bank the bank manager pos your credit. Report he or
Speaker 1: she knows if they put that, application file that, application
Speaker 1: which is your, right you're going to get a decline.
Speaker 1: Notice they don't want to issue decline. Notice it's bad
Speaker 1: for their, record and you're gonna be upset with. Them
Speaker 1: so if there's A hope inside inside of that bank,
Speaker 1: branch they're, like look you see that guy over, there he,
Speaker 1: said lady over. There once you go see, THEM i
Speaker 1: can't tell you to do, it can't force you to do.
Speaker 1: It but they don't work for. Us they work For Operation.
Speaker 1: Hope they're not a bank. Employee they can do things we.
Speaker 1: Can you come over to see. Us another, example and
Speaker 1: let's say the lady's name Is, Mary Mary Jones in this,
Speaker 1: Example jones comes and meets with one of the, coaches
Speaker 1: maybe that coaches. Me at this, Example Mary jones sits
Speaker 1: down in the old days opera. Show that was that,
Speaker 1: coach by the, way was me Or Lambs triggs or
Speaker 1: one of the historic legacy Employees Rachel dos other, things
Speaker 1: other folks who were around long time. Ago so you
Speaker 1: sit down with us and we pull your credit report
Speaker 1: and we, go, ooh, baby that looks like a bus.
Speaker 1: Accident now a banker can't do, that BUT i. CAN
Speaker 1: i don't work for the. Bank you, Know i've asked
Speaker 1: you for permission to advocan a conversation with. You you, said, yes,
Speaker 1: whoa my, lord this is a tour from the flow
Speaker 1: up what's going on? Here and we both have a
Speaker 1: nice laugh because it's no mystery to. You did your
Speaker 1: credit is probably tore? Up in, fact in this Example
Speaker 1: Mary jones she hasn't even checked her credit in ten
Speaker 1: years or five years because she was ashamed to look at.
Speaker 1: It she, said, YEAH i got divorced and it was
Speaker 1: horrible and it didn't work out very. Well and and
Speaker 1: what's on? There, WELL i don't, know there's a there's
Speaker 1: here one thousand dollars charge off from pack. Bail oh my. God, Yeah,
Speaker 1: WELL i lived In, Oakland, california and we had a
Speaker 1: phone bill and my husband didn't. Pay it was in
Speaker 1: both of our, names and, yes it's one thousand. DOLLARS
Speaker 1: i can't pay. It, well Pac bill sold their company AT.
Speaker 1: SBC Sbc communication sold that company TO at AND. T
Speaker 1: at AND t chased you for that money and could
Speaker 1: not get a hold of you, because to Quote Chris,
Speaker 1: ROCK i don't you, SAID i don't know nobody with
Speaker 1: a one eight hundred. Number when somebody was calling from
Speaker 1: the one eight hundred collection agency FOR at AND. T you,
Speaker 1: LIKE i don't know anybody with eight hunred. Number i'm
Speaker 1: not answering the. Phone so went the voicemail for ten
Speaker 1: years or five, years ever, long and they. Sold they
Speaker 1: got tired of chasing, you and they sold that it
Speaker 1: was called Bad debt for five cents on the. Dollar
Speaker 1: they sold it for fifty bucks To Joe's Bad Debt.
Speaker 1: Company AND i know It's Joe's Bad Debt company because
Speaker 1: it says that in the memo under the. Record so
Speaker 1: well we, said let's Call Joe's Bad Debt. Company So
Speaker 1: Mary jones gives us. Permission we Call Joe's Bad debt.
Speaker 1: Company joe answers the. Phone what CAN i do for?
Speaker 1: You i've got you know Miss jones, here we're looking for.
Speaker 1: You we're looking for. Her, well she's looking for. You
Speaker 1: what do you? Want, well we want our we want
Speaker 1: our hundred. Bucks now he didn't say one thousand, dollars,
Speaker 1: right he SAID i want my one hundred. Bucks why
Speaker 1: did he say one hundred? Bucks because he bought the
Speaker 1: debt for fifty. Bucks they won one hundred percent, profit
Speaker 1: so fair, changed no. Robbery we, say we're not gonna
Speaker 1: pay you one hundred. DOLLARS i knew this is a. Problem, no, no,
Speaker 1: no we're not gonna pay you one hundred. Dollar we're
Speaker 1: gonna pay you two hundred. Dollars what, Yep we're gonna
Speaker 1: pay you. Double we're gonna pay you two hundred dollars
Speaker 1: for Missus jones. Debt BECAUSE i need your cooperation AND
Speaker 1: i want to speak to your. Supervisor let them know
Speaker 1: that you were cooperative and working with. Us AND i
Speaker 1: want a letter in writing saying that she is she's
Speaker 1: resolved this. Debt once we become an, agreement you receive
Speaker 1: payment and that you're going to do everything in your
Speaker 1: power to make sure this is removed her credit, record
Speaker 1: because we know that it's been there for ten. Years
Speaker 1: it's going to. Stick you're going to take it. Off
Speaker 1: it's going to come back and take it. Off these
Speaker 1: public records are very. Stubborn it's going to come. Back
Speaker 1: there's nobody doing it to. You it's just it's just stagnant.
Speaker 1: Databases credit reporting, agencies, Experience TransUnion and. Equifacts they don't hate, you,
Speaker 1: right it's not. Personal these are. Repositories these are databases
Speaker 1: of your credit, files and it's going to take a
Speaker 1: while to modernize that information and get it up to,
Speaker 1: speed particularly when it's been bad for a long. Time so,
Speaker 1: anyway the credit, agent the credit debt bad debt company, says,
Speaker 1: sure that's a great. Deal in this, example you got
Speaker 1: Miss jones got an eighty percent discount and the company
Speaker 1: got one hundred percent of. Profit fair change is no, robbery, everybody,
Speaker 1: One i've already told you a good negotiation is in
Speaker 1: a prior podcast is AT a good negotiation is where
Speaker 1: everybody leaves the table slightly. Annoyed okay, Again i'm bringing
Speaker 1: all these these lessons together here with Operation. Hope what's capitalism.
Speaker 1: Table you've got a consumer on the one side and
Speaker 1: a seller on the other. Side the seller is trying
Speaker 1: to get as much from you as they can while
Speaker 1: giving you the least. Value that's the seller's. Job your
Speaker 1: job as a consumer is to pay the lease by
Speaker 1: getting the most from the. Seller everybody's doing their. Job
Speaker 1: don't be mad At capitalism is not, personal it's just.
Speaker 1: Business so you get. That everybody's doing their. Job so
Speaker 1: this is example of the bad debt. Company they bought
Speaker 1: it for fifty. Bucks they won one hundred. Bucks, great,
Speaker 1: well you owed one thousand dollars ten years. Ago your
Speaker 1: credit has been tow, up and you've certainly paid a
Speaker 1: price for having horrible. Credit you paid, well you've paid
Speaker 1: a price for. It now you're getting an eighty percent
Speaker 1: discount because it's not a thousand dollars debt. Obligation it's
Speaker 1: one hundred dollars. Obligation but we're going to pay two
Speaker 1: hundred dollars so we can get the absolute cooperation from
Speaker 1: this capitalist money charging company, debt this debt collection, company
Speaker 1: who is used to chasing, people not used to. Cooperating
Speaker 1: and so now once we get that filed with the credit.
Speaker 1: Bureau your credit report goes, up your credit score goes,
Speaker 1: up you, know forty, points so you know you got
Speaker 1: it from five to eighty to six. Twenty, well what
Speaker 1: happens to missus jones self? Esteem it increases her shoulders go,
Speaker 1: back her head comes, up she's she's. Proud oh my,
Speaker 1: god this is. GREAT i find in control of my. Life,
Speaker 1: okay what else can we? Do we, Say, well what's
Speaker 1: this on? Him Missus, JONES i don't know what that? Is,
Speaker 1: great that's called him. Error you haven't checked your credit
Speaker 1: SINCE mettheusda was told in, fables, right you haven't checked
Speaker 1: your credit since there were dinosaurs roll in the, Earth
Speaker 1: so you don't know what's on. There if you haven't
Speaker 1: checked your credit in five, YEARS i guarantee there's an
Speaker 1: error on your credit. Report, so Missus, jones what's? THIS
Speaker 1: i don't. Know. Great if you don't know what that,
Speaker 1: is that's called an. Error let's contact the credit. Bureaus
Speaker 1: let's write a letter to each of the credit. Bureaus
Speaker 1: and we write that With Missus jones assistance and the Law.
Speaker 1: States silver right knowledge now not civil rights Silver Rights KNOWLEDGE.
Speaker 1: Silvr you know, better you do. Better the law states
Speaker 1: if the credit bureas cannot confirm that that is, yours
Speaker 1: they must remove it within thirty. Days so we write
Speaker 1: the letter typically in this example That i'm giving you
Speaker 1: eighty percent of the, time the credit bureas cannot confirm
Speaker 1: that that it Is Missus, jones and so it gets.
Speaker 1: Removed that's a thirty point pop in your credit. Score
Speaker 1: so now you've gone from five to eighty to six
Speaker 1: twenty an, example because we resolve the bad debt charge off,
Speaker 1: issue which is which is one of the worst things
Speaker 1: you have with your credit. Report we did it. Legitimately
Speaker 1: don't go to all these companies ask you to pay
Speaker 1: them money to do some illegal stuff or people wiping
Speaker 1: your credit. Report if it looks like something that looks
Speaker 1: like a free, lunch it probably. Is it's probably. Stale,
Speaker 1: also it's probably an illegitimate it's probably some frauds. Thing
Speaker 1: just stay away from. It just do it. Right handle
Speaker 1: you never go wrong doing. Right just do it the right.
Speaker 1: Way and then in this example you can you've gone
Speaker 1: to six from five eighty to six, twenty and now
Speaker 1: you've gone from six to twenty to what another thirty
Speaker 1: point Pop, hello six. Fifty, Right so now you're in
Speaker 1: the sweet, spot your prime credit. Adjacent now we start
Speaker 1: working it in your. Budget and in this, example you
Speaker 1: make forty five thousand, dollars and we find that you
Speaker 1: go To starbucks three four times a week and you smoke.
Speaker 1: Cigarettes we do some simple math and figure out you
Speaker 1: spending six thousand dollars a year on fancy coffees and
Speaker 1: no disrespect To, starbucks fancy coffees and, cigarettes which the box,
Speaker 1: says this stuff will kill. You so if we can get,
Speaker 1: that get you to get a cured machine at, home
Speaker 1: make your own, coffee and commit yourself to wellness and
Speaker 1: maybe go back and watch The health And wealth Episode
Speaker 1: The shape AND i did on on on your well.
Speaker 1: Being All, right that six thousand dollars that you're saving
Speaker 1: off of your. List make. This i'm gonna make this
Speaker 1: really simple. Math thirty five or thirty thousand dollars of.
Speaker 1: Income let's say you're just starting out in. Life six.
Speaker 1: Dollars that's twenty percent of your. Income so there's two
Speaker 1: ways to make, money make, more spend. Less in this,
Speaker 1: example you did. Both now you can reprogram that money
Speaker 1: to do something useful with, it which is pay down
Speaker 1: some bad credit card debt or you, know and we
Speaker 1: combine that with the Earning coome task credit where you
Speaker 1: might get it back as. Much if you have three.
Speaker 1: Children all my coaches do all this. Stuff i'm telling.
Speaker 1: You by the, Way i'm just giving an example of what.
Speaker 1: Happens was why he walks into an open side office
Speaker 1: and this, example you've got three. KIDS i hope you
Speaker 1: don't you know at this early in, life but you
Speaker 1: have three. Kids at some point you have you make
Speaker 1: a thirty eight thousand dollar a. Year in this, example
Speaker 1: the government owes you about seventy five hundred dollars give
Speaker 1: or take through something called The earning come a tax.
Speaker 1: Credit if you don't have a tax pro you probably
Speaker 1: never heard of eiitc one out of Four americans who
Speaker 1: qualify for it never asked for. It read, black brown
Speaker 1: people in underserved. Communities so if you've never asked for,
Speaker 1: it you didn't know about. It it's retroactive for three.
Speaker 1: Years that's. Right that's a check to you of almost
Speaker 1: twenty thousand. Dollars now we're talking about real. Money you've,
Speaker 1: saved you've. Reprogrammed in this, example six thousand dollars twenty
Speaker 1: percent of your. Income you now got a check for
Speaker 1: twenty thousand, dollars more money you've ever seen at one
Speaker 1: time in your. Life if you are living in a
Speaker 1: rural area or are a hockey puck, city which means
Speaker 1: a city that you want to go where the pucket's
Speaker 1: going on economic, growth it's not in La it's not
Speaker 1: In New, york but it's it's not even In. Atlanta
Speaker 1: maybe it's outside Of, atlanta you, know forty minutes or.
Speaker 1: Whatever you can buy a house in the in the
Speaker 1: southeast for you, know let's just say one hundre and
Speaker 1: fifty thousand. Dollars so in this, example you now have
Speaker 1: ten percent down payment to buy a. House and what's
Speaker 1: the no more you build wealth In america home. Ownership
Speaker 1: so we just put you in the sweet spot to get.
Speaker 1: You by the time we finished with, you now you're
Speaker 1: in a six 't eighty credit score or. Better you
Speaker 1: can get prime credit sixt eighty seven hundred. Range you
Speaker 1: might qualify For Community Reinvestment act OR fha Or fanny
Speaker 1: Or freddie or one of these special. Programs one of
Speaker 1: the future chances things times where accounts being black or
Speaker 1: brown or underserved is These they are special programs that
Speaker 1: are set aside for people who are aspirational and who are.
Speaker 1: Underserved so now you've got to get a really good mortgage,
Speaker 1: product maybe some down payment assistance grants that are available
Speaker 1: from banks in, city state and federal. Government did you
Speaker 1: know that you got The in other, Words steel like
Speaker 1: our financial. Concierge in this, example we're putting. Together we're
Speaker 1: structuring a solution for you so that you can take
Speaker 1: control of your life and get some ownership in your.
Speaker 1: World and that's an example of What hope Inside uh.
Speaker 1: Does i'm going to go through the rest of stuff
Speaker 1: pretty quickly because we running out of time on this
Speaker 1: episode AND i want to get through all of the
Speaker 1: services we're providing and you want me to. Go if
Speaker 1: you Think i'm talking too, fast it's Because Operation hope
Speaker 1: does a, lot AND i want to make sure this
Speaker 1: at least is one. Episode you're getting a taste of
Speaker 1: it that you want me to go. Deeper please tell
Speaker 1: me in the comments when you see me on on
Speaker 1: social media, whatever AND i read the. Comments if you see,
Speaker 1: responses by the, way that is from. Me tell Me,
Speaker 1: john please do this Episode part, Two pie three and
Speaker 1: go deeper on this part of operational. SERVICES i feel
Speaker 1: a little bad Because i'm the founder of Operation. HOPE
Speaker 1: i don't want to feel Like i'm selling you something
Speaker 1: or shoving it down your. Throat So i'm talking really
Speaker 1: fast BECAUSE i think you, know of, course as the,
Speaker 1: founder i'd undervalue it if you, think oh my, god,
Speaker 1: no this is go slow it, Down, john go, back repeat.
Speaker 1: Down i'll do an episode just on the topics that you.
Speaker 1: Want this is like a tree top Thing i'm just giving.
Speaker 1: You i'm Going i'm just giving you the broad. Strokes hoping.
Speaker 1: Side i've talked about that fifteen hundred offices in over forty, States.
Speaker 1: Hope inside the, workplace we do that same work inside
Speaker 1: Of Delta. Airlines all one hundred thousand employees Of delta Air.
Speaker 1: Lines time you on A delta, flight ask them about
Speaker 1: financial well, being coaching and counseling and the thousand dollars
Speaker 1: emergency emergency savings grant they get from their. Employer my
Speaker 1: brother Ed bash and they're THE ceo because his biggest
Speaker 1: asset is not as planes as his. People and he
Speaker 1: realized that that's why the, biggest, wealthiest most profitable airline
Speaker 1: in the world and they do profit sharing with them as.
Speaker 1: Well but, anyway we do that With, delta we do.
Speaker 1: It we start doing it now With walmart, Employees ups,
Speaker 1: Employees Venetian hotel employees In Las vegas Through apollo who
Speaker 1: owns IT, kkrs it's one of our, partners and et,
Speaker 1: cetera et, cetera et. Cetera open side the, workplace hoping side.
Speaker 1: Disaster by the, way hoping side also is with The Birmingham,
Speaker 1: Police i'm, Sorry Birmingham City, government the mayor, there who's
Speaker 1: a great guy and doing a great, job and we're
Speaker 1: doing that in the city Of atlanta as. Well And
Speaker 1: Mayor Audrey dickens. Here, okay hope inside the workplace covered,
Speaker 1: that hope and side. Disaster it is what it sounds.
Speaker 1: Like we're partnered With Homeland security AND. Fema you can
Speaker 1: download the E fact The Emergency Financial First Aid. Kit
Speaker 1: it's free from THE fema website and it is a
Speaker 1: way to put all your financial records, Together god forbid
Speaker 1: in times of a disaster strikes you put that someplace
Speaker 1: other than your. Home put it in a safe put
Speaker 1: in a safe deposit, box put in your mother's, home
Speaker 1: your sister's, home somebody you trust So god forbid disaster.
Speaker 1: Strikes and you can digitize it. Too by the, way
Speaker 1: put in the, cloud you can pull the records you're
Speaker 1: gonna need for your insurance, agent for you, know the
Speaker 1: financial institutions you're trying to access if disaster, strikes the
Speaker 1: emergency financial First aid. Kit that's type To hope inside.
Speaker 1: Disaster we're right now responding to The dena, FIRES la
Speaker 1: fires as but one example of how we're here to
Speaker 1: Help hope inside for. Kids we Have Hope business in
Speaker 1: The box academies where we help young people start. Businesses
Speaker 1: we Have Hope Child savors accounts for every kid at
Speaker 1: kindergarten kid In Atlanta Public schools Through Mayor Andre dickens
Speaker 1: Former Mayor Keisha Lands, bottoms who was the original. Idea
Speaker 1: Andrew dickins continued it The City council The Atlanta Public.
Speaker 1: Schools it's been a great partnership over ten five hundred
Speaker 1: accounts for kindergarten, kids and now we're about to launch
Speaker 1: financial literacy around. That studies have proven that if a
Speaker 1: kid gets a bank account at, kindergarten they're fifty percent
Speaker 1: more likely to go to. College if you put a
Speaker 1: couple hundred bucks in that, account seventy virus is more
Speaker 1: likely to graduate from. College isn't that? Remarkable so THIS
Speaker 1: i mean you should you? Know And i'll go once so.
Speaker 1: Further don't just give your kid a toy that they're
Speaker 1: going to destroy very. Quickly give a kid a buy
Speaker 1: a kid a share of stock through this company CALLED uh.
Speaker 1: BUY i think it's actually literally called by a share
Speaker 1: THAT uh. Gives you can buy a shriff stock and
Speaker 1: they frame it, right send it to you for the.
Speaker 1: Kid give as a gift. Wrap it's not only a
Speaker 1: nice gift the kid and see. It it's, real it's.
Speaker 1: Legitimate like and by the, way when you get one
Speaker 1: share of stock of any pulpicly traded company you have
Speaker 1: you have the rights to get access to all of their.
Speaker 1: Financials did you know? That isn't that? Cool to give
Speaker 1: something into your kid is going to grow over time
Speaker 1: and literally is a living document and is a literal
Speaker 1: a living financial literacy. Tool So Hope inside For kids is.
Speaker 1: Multifaceted But hope inside hopes our child savors accounts and
Speaker 1: whole business in the. Boxes but two of the examples
Speaker 1: of what we do. There banking on our future is financial.
Speaker 1: Literacy we teach in. Schools we taught over a million
Speaker 1: kids financial. Literacy we're partner with doctor Bernicse A king
Speaker 1: soon Doctor king's daughter to open up accounts in one
Speaker 1: hundred cities to mark the one hundredth birthday of Doctor.
Speaker 1: KING i believe that is the twenty twenty nine is
Speaker 1: his one hundredth would be his hundredth. Birthday so we're.
Speaker 1: Working you'll be hearing about that. Soon for entrepreneurs and business,
Speaker 1: owners ONE, mbb the One Million Black Business initiative that
Speaker 1: was launched in twenty, twenty goes to twenty. Thirty it's
Speaker 1: a partnership With shopify put up one hundred and ninety
Speaker 1: million dollars to help us create new black. Businesses why
Speaker 1: do they do? It it's real. Simple they let's say
Speaker 1: they own two to Three let's say they have two
Speaker 1: to three percent of shops Under shopify that are black owned.
Speaker 1: Businesses they want ten percent of their shops that they
Speaker 1: are black owned. Businesses it's more profitent for. Them they
Speaker 1: want more, customers they want new. Customers it's smart, business
Speaker 1: so we're helping them to get new. Customers it's also
Speaker 1: doing well and doing good at the same. Time but
Speaker 1: by the, way if you're a white and poor rule
Speaker 1: and you want to, help we've got a program for
Speaker 1: you're you're a, woman you want to, help anybody can
Speaker 1: call operat shop and access our small business. Services but
Speaker 1: this was something we created because of, course blacks are
Speaker 1: the bottom of the economic, pyramid and ninety six percent
Speaker 1: of black businesses don't have employee and almost none of
Speaker 1: them are on e. Commerce so the second largest e
Speaker 1: commerce company in the world and the number one for
Speaker 1: shops when they said they want to, help we're, like
Speaker 1: what time and? When? Right so thank You, harley thank, You,
Speaker 1: toby thanks, everybody cast everybody At. Shopify we're at four
Speaker 1: hundred and fifty thousand black businesses in. Counting but you,
Speaker 1: know and we're halfway through this. Experiment at twenty twenty
Speaker 1: to twenty twenty, thirty we're twenty twenty, five at four
Speaker 1: hundred and fifty thousand. Businesses we're about, WELL i think
Speaker 1: it was like twelve percent of all black businesses in this.
Speaker 1: Country i've got to look at the numbers, again BUT
Speaker 1: i think there's like things are like three point one
Speaker 1: million black business country and so you, know we're at
Speaker 1: forty fifty, thousand so not, bad and we're not the.
Speaker 1: Government we're just a nonprofit over killing, it killing the.
Speaker 1: Game and you've got to access through that through ONE
Speaker 1: mbb dot org or through the operational website to already
Speaker 1: told you about the small Business empowerment programs which are
Speaker 1: available for, everybody and we work with THE, sba we
Speaker 1: work at, banks a range of capital providers where we
Speaker 1: get you, prepared getting your business, plan getting you, credits grew,
Speaker 1: up getting your budget in place so that you can
Speaker 1: be a first class business person right for, schools governments
Speaker 1: and community. Leaders Financial literacy For all initiatives is co
Speaker 1: chaired by me and THE ceo Of, Walmart doug. McMillan
Speaker 1: if you know a major, company if you are a major,
Speaker 1: company you're A ceo listening to this, podcast you can
Speaker 1: now join this movement as we seek to embed financial
Speaker 1: literacy into eighty percent of the fortune five hundred in this.
Speaker 1: COUNTRY i believe financial literacy is a civil rights issue this.
Speaker 1: Generation it's like what healthcare was forty years. Ago and
Speaker 1: if you work for a major, employer go into YOUR
Speaker 1: hr department or send a note to YOUR ceo and
Speaker 1: suggests they become a member Of Financial literacy For all once,
Speaker 1: again it's available on The Financial literacy for our. Website
Speaker 1: we're easy to find THE Ai Ethics. Council this is
Speaker 1: a partnership between me co chaired me And Sam, altman
Speaker 1: WHO i think is The Steve jobs of this. GENERATION
Speaker 1: i THINK ai and financial. LITERACY ai literacy and financial
Speaker 1: literacy are like the big headlights for the, future and
Speaker 1: you need both of. Them and we have THE ailp three. Project,
Speaker 1: again all this you can access, online just simply search.
Speaker 1: IT ailp three is a pipeline FOR ai literacy In
Speaker 1: ATLANTA k Through college and we're on a partner With
Speaker 1: Georgia State university And Dean phillips there to pipeline this
Speaker 1: program that also Includes Atlanta Public schools and who's our partner,
Speaker 1: there and The mayor Of atlanta and the chair of
Speaker 1: The Atlanta Public schools and all THE HBCUs And Clark,
Speaker 1: atlanta Doctor french and. Others so we're really excited about
Speaker 1: this pipeline of prosperity project we've got around artificial. Intelligence
Speaker 1: it's CALLED AI lp, three tied to THE Ai Ethics,
Speaker 1: Council Hope Corporate Inclusion initiative works to get people of
Speaker 1: color and underserved populations on boards of. Directors that's coming. Soon,
Speaker 1: yes even in the current, environment we are because it's
Speaker 1: just good For. America it's not about. Minorities it's about
Speaker 1: demographics are destiny and forty percent of this country are,
Speaker 1: black is black and, brown period and within ten years
Speaker 1: will be a majority of. Minorities it's just, demographics and
Speaker 1: we need to make sure that those at the bottom
Speaker 1: can get to the. Top because my rich, friends my
Speaker 1: poor friends do better if only to stay. Rich we're
Speaker 1: all in this thing. Together we have for now everyone
Speaker 1: who's interested in a stake and. Capitalism we have The Investors'
Speaker 1: bill Of rights and this is for to help retail
Speaker 1: investors to protect their, rights to make sure they don't
Speaker 1: get trampled upon by very Aggressive Wall street. Players and
Speaker 1: so we've gotten major brokerage, firms Including robinhood to sign
Speaker 1: our Investor bill Of rights and we work with them
Speaker 1: around a series of best practices and you'll see more
Speaker 1: on that coming in the next year or. TWO Hope
Speaker 1: Global forum is The dovos, meeting the annual Meeting Hope
Speaker 1: Global Forum meeting For operation hope is The dovos for
Speaker 1: the rest of. Us if you've never heard Of, dovos
Speaker 1: look it. Up dovos is a meeting of the most
Speaker 1: powerful people in the world every year In. Switzerland i've been,
Speaker 1: there you, know eight ten times as a, speaker. Etc
Speaker 1: the young global. Leader but you don't see many of
Speaker 1: us us At. DOBBOS i REMEMBER i saw my Brother
Speaker 1: Chris tucker there AND i was, LIKE i was joking and, saying,
Speaker 1: oh what's Up Chris. Rock he, Said, hey what's, Up Jimmie.
Speaker 1: Fox So i'm, like, okay good. One so where we
Speaker 1: met and became friends by going To. Dobbos but most
Speaker 1: people don't go To. Davos so this Is dobbles for
Speaker 1: the for the rest of the. World and it is
Speaker 1: held In atlanta every year this Year december one through the.
Speaker 1: THIRD i believe you can't invite. Yourself you'd have to be.
Speaker 1: Invited no amount of money will get you in the,
Speaker 1: door even though each ticket is probably worth ten thousand
Speaker 1: dollars each and you. Can but we sponsor everybody in
Speaker 1: so it doesn't cost you to be. There billionaires next
Speaker 1: to millionaires next to thousand aiars because somebody's trying to
Speaker 1: buy some. There but it's about, relationship capital and, opportunity
Speaker 1: aspiration and the right, culture and it's people who want
Speaker 1: who are in it to win. It you can also
Speaker 1: create a Little you can create a viewing party for
Speaker 1: a Col global form in your community anywhere in the
Speaker 1: world the country endorsed By Operation. Hope you can go
Speaker 1: online To Whope Global form to submit your application for.
Speaker 1: That you can also make A hope commitment to start
Speaker 1: a financial literacy club or a viewing party or any
Speaker 1: these initiatives in your local, community and it's A hope.
Speaker 1: Commitment go on the website For Operation, hope look up
Speaker 1: For Hope. Commitments make a commitment, you your, friends your, church your,
Speaker 1: sorority your, fraternity, whatever and take your own initiative to
Speaker 1: make financial literacy a civil rights movement in your local.
Speaker 1: Community again This i've already paid for all this. Stuff
Speaker 1: all this plumbing already. Exists you just need to access
Speaker 1: it and operationalize. It so now let's talk about The
Speaker 1: blueprint For. America i've written a business plan called The
Speaker 1: Business plan For. America The blueprint For america is our
Speaker 1: a series of business PLANS i wrote On Doctor kings
Speaker 1: the anniversary Of Doctor king's assassination On april fourth of
Speaker 1: twenty twenty, five and you can look Up Dream, Forward john,
Speaker 1: O'Brien Dream, Forward Operation, Hope Dream forward Business plan For.
Speaker 1: America business plan For, America john O'Brien business plan For,
Speaker 1: America Operation, hope doesn't matter how you search. It and
Speaker 1: there's a business plan For Black. America there's a business
Speaker 1: plan For Rural, america the business plan for Women, Veterans
Speaker 1: Native American, Indians Latino. Americans these are all individual business
Speaker 1: Plans Asian. AMERICANS i want you to download, them look at,
Speaker 1: them criticize them if you, like and let's start a
Speaker 1: conversation in our communities about these business. Plans print them
Speaker 1: out and then start mapping your own plan against the community,
Speaker 1: plan against the societal, plan and then use my network of,
Speaker 1: offices which is The starbucks Of Financial Inclusion walmart Of Financial,
Speaker 1: literacy to begin to operationalize the vision for. Yourself so,
Speaker 1: okay so now let's make this very. Personal this is
Speaker 1: we're coming up on fifty five minutes. Here in a,
Speaker 1: MINUTE i want to really cut to The have you enjoyed,
Speaker 1: This by the, Way i'm trying to jam a lot
Speaker 1: into an. Hour let me know so here for. Individuals
Speaker 1: hey you take. Action visit a Local hope And side
Speaker 1: location or a workplace. Location use A hope In hand
Speaker 1: app okay on Your android phone or Your apple. Phone
Speaker 1: download the app as. Free hope In hand is what it's,
Speaker 1: called and sign up for. Coaching you'll get one thousand
Speaker 1: Dollars hope scholarship to start good for one year for financial.
Speaker 1: Coaching get your credit score, up debt, down saving, up
Speaker 1: pull your, credit take control of your life and get
Speaker 1: your financial literacy on the. Move get the Book Financial
Speaker 1: literacy For, all WHICH i author and hardcover or paper
Speaker 1: book or paperback or. Digital tell your friends to subscribe
Speaker 1: to this, Podcast money And. Wealth it's. FREE a new
Speaker 1: episode's Every. Thursday by the, way thanks for you all
Speaker 1: from helping them make. It top one hundred business podcasts
Speaker 1: In america On, apple top fifty for, entrepreneurship and it's
Speaker 1: top two hundred in THE uk for, Business top two
Speaker 1: hundred In Saudi, Arabia top top two hundred In, Chile Latin,
Speaker 1: america top two hundred In South, africa so on every
Speaker 1: Continent's top two hundred in THE. Uk IF i mention
Speaker 1: that it's top two, hundred top one hundred. Podcasts well
Speaker 1: thanks for. That tell everybody to get their. Subscription it's
Speaker 1: free episodes Every. Thursday call for free financial coaching, service
Speaker 1: a financial coach assigned to. You if you don't have a,
Speaker 1: smartphone you can call on the phone to our one
Speaker 1: eight hundred. Number the call doesn't even caution. Money even
Speaker 1: the call doesn't caution. Money enroll your child in The
Speaker 1: Hope business in The Box academy if we are in
Speaker 1: a city near. You open A Child savings account In
Speaker 1: atlanta Or, Aurora. Illinois just signed, up but we have
Speaker 1: cities that will be signing up every month To Child savors.
Speaker 1: Account if you're an entrepreneur or a desire to be,
Speaker 1: one or a small business, owner you want an e
Speaker 1: commerce business that's a standalone business or one that's a
Speaker 1: complimentary to your existing, business because it can be something
Speaker 1: to compliments your existing. Business do you contact one of
Speaker 1: our ONE mbb partners we Made we made allocations to
Speaker 1: them to help them help their local. Communities the partners
Speaker 1: are listed on the ONE mbb website in the operation.
Speaker 1: Website go to one mbb dot org to try to
Speaker 1: sign up. Directly we will help you get AN llc form,
Speaker 1: formed AN ei in, number your nonprofit, created, sorry your banking,
Speaker 1: created YOUR ei in, number your, website you your payment,
Speaker 1: systems your delivery, systems e commerce systems Of shopify. ACCOUNT
Speaker 1: i mean it's any dang on. Cool two hours with an,
Speaker 1: attorney two hours with an, accountant two hours with a,
Speaker 1: lawyer a lawyer, attorney same, thing two hours with tech
Speaker 1: professionals At. Shopify it is really an incredibly powerful program
Speaker 1: for business. Owners well schedule a business credit review for nonprofit,
Speaker 1: leaders go to Your hope in side in your city
Speaker 1: and your church for your nonprofit and we will help
Speaker 1: you partner With hope through financial literacy for all and
Speaker 1: give you the tools To hope commitments to operationalize our
Speaker 1: work in your community through a non financial MoU With Operation.
Speaker 1: Hope if you're a corporate, leader you can you can
Speaker 1: help your work for your workforce Through hope inside the
Speaker 1: workforce corporate, leader our government. Leader you can join The
Speaker 1: Hope Corporate Inclusion. Initiative you can be part Of Hope
Speaker 1: Global form and do us doing you know and sponsoring
Speaker 1: people to come there as delegates so we don't have
Speaker 1: to charge anybody. Money so this isn't, charity. Folks this
Speaker 1: is smart, economics and it's where we all. Win you're not.
Speaker 1: Broken the system. Is you don't need a million dollars
Speaker 1: to have a million dollar, mindset a million dollar state of.
Speaker 1: Mind by the, WAY i did not wear THIS t
Speaker 1: shirt on. Purpose coincidence Is god's way of remaining. Anonymous
Speaker 1: is an, injury young. QUOTE i just happen to have
Speaker 1: THE t shirt. On it fits the, moment doesn't. It
Speaker 1: you don't need a, Handout you just need the right
Speaker 1: tools and. Shovels you need a hand. Up it's The
Speaker 1: James brown version of affirmative. Action open the. Door i'll
Speaker 1: get it my dang. Self, right this is your call to.
Speaker 1: Action let's dream, forward not. Backwards let's Build america two
Speaker 1: point zero. Together we don't have to destroy. Capitalism we
Speaker 1: can improve. It capitalism is like. Democracy it's a horrible.
Speaker 1: System except for every other. System i've been to one hundred,
Speaker 1: countries and as much AS i love these other, places
Speaker 1: no PLACE i actually rather live or aspire or try
Speaker 1: to thrive or succeed in this. Place the biggest economy
Speaker 1: in the, world sole superpower in the, world and my
Speaker 1: second great grandfather and second great grandmother were, slaves and
Speaker 1: look at me. Now my GRANDFATHER. Rb smith was a, sharecrofter,
Speaker 1: sharecropper and look at me. Now AND i got my
Speaker 1: first financial literacy course WHEN i was nine years old
Speaker 1: in that, classroom taught by a white man and a
Speaker 1: bank of from Baa bank Of, america who taught me financial.
Speaker 1: LITERACY i will never forget, that and thankful to. Him
Speaker 1: and SORRY i never got his business card SO i
Speaker 1: could say thank you to him or his children today
Speaker 1: for what he did to change my. Life and it
Speaker 1: made me not resentful of white. People my black friends
Speaker 1: who had negative experiences a police officer thrown against a patrol,
Speaker 1: car never got over that slight and that, interaction and
Speaker 1: so then they had an attitude with white. PEOPLE i
Speaker 1: didn't have such an. EXPERIENCE i got, lucky and so
Speaker 1: race was just never a big thing with, me other
Speaker 1: than we were just. Different and once somebody taught me
Speaker 1: the language of money and financial. Literacy AND i started
Speaker 1: my first business WHEN i was ten years, old neighborhood candy.
Speaker 1: House you can read about. It up from, nothing AND
Speaker 1: i put the liquor store out of the candy. BUSINESS
Speaker 1: i was ten years. Old there was no stopping. Me
Speaker 1: AND i was homeless WHEN i was eighteen years old
Speaker 1: for believing a little bit to my own press and
Speaker 1: pressing too hard on the possibilities. Button BUT i didn't
Speaker 1: have a. BUDGET i didn't have financial literacy under wraps by,
Speaker 1: then not sophisticated financial, literacy not business financial. Literacy so,
Speaker 1: ANYWAY i was. HOMELESS i lost, everything lived At latier And,
Speaker 1: airport buying an old At titian restaurant in my. Car
Speaker 1: but ONCE i got over, That i'm, LIKE i take
Speaker 1: no for. Vitasiness what are you going to do to? Me?
Speaker 1: Now tell me? NO i had know WHEN i walked
Speaker 1: in the, door like, YES i was, homeless and it
Speaker 1: was embarrassing all that. Stuff but once you go through,
Speaker 1: that what are you going to do to? Me now
Speaker 1: tell me? No give me a rejection. Letter. No, no
Speaker 1: success is a thousand mothers and failure as a bastard
Speaker 1: child like no one remembers your. Failures to, stop SO
Speaker 1: i want you to stop obsessing about. IT a failure
Speaker 1: is a meaning about. You it's just an outcome to an.
Speaker 1: Experiment So Operation hope is not just an, organization it's a.
Speaker 1: Movement and today it belongs to, you. Right i've given
Speaker 1: it to. You i've empowered you to take it and
Speaker 1: use it for your own. Purposes my, Mother Wayda, Smith
Speaker 1: God rest her, soul would tell me she loved me
Speaker 1: every day in my, life and SO i NEVER i
Speaker 1: had many problems with self esteem was not one of.
Speaker 1: Them and one of the QUOTES i gave To OPERATION
Speaker 1: I hope was there's a difference between being broken being.
Speaker 1: Poor being broken was, economic but being poor was a
Speaker 1: disabling frame of, mind a depress condition of your. Spirit
Speaker 1: and you must vow never ever ever to be poor.
Speaker 1: Again is not what people call, you it's what you
Speaker 1: answer to that's. Important and never ever ever are out
Speaker 1: of your. Name and if you do argue with a,
Speaker 1: food it only proves there are two our, Brother Quincy,
Speaker 1: jones one Said god rest is, soul that not one
Speaker 1: out to my self esteem depends on your acceptance of.
Speaker 1: Me so you have to know who you. Are you've
Speaker 1: got to know Your god's. Child you're not as good
Speaker 1: as your, compliments not as bad as your. Criticisms you are,
Speaker 1: somebody though you are thus somebody That he made and.
Speaker 1: Not your handprints are not duplicated, anywhere unique to. You
Speaker 1: so let's make everything else unique to, you and let's
Speaker 1: make your aspiratial success a reality to. You not just a,
Speaker 1: PhD but a phdu To All, Right i'm. Preaching i'm,
Speaker 1: Out john. O'Briant this has been an episode Of money And.
Speaker 1: Wealth let me know if you liked, It let me
Speaker 1: know if you want to continue or. Stop tell your
Speaker 1: friends to subscribe to the. Podcast get the Books Financial
Speaker 1: literacy For, all go to get your coaching, scholarship And Operation.
Speaker 1: Hope download your App hope In. Hand this is a
Speaker 1: civil rights. Movement money And wealth With john O'Brien is
Speaker 1: a production of The Black Effect Podcast. Network for more
Speaker 1: podcasts from The Black Effect Podcast, network visit The iHeartRadio,
Speaker 1: App Apple, podcasts or wherever you listen to your favorite.
Speaker 1: Shows