Speaker 1: Native lamdpod is a production of iHeartRadio in partnership with
Speaker 1: Reason Choice Media.
Speaker 2: Welcome Welcome, Welcome, Welcome, Welcome, Welcome, Welcome.
Speaker 1: Welcome Home, Everybody. It is another solo pod. I'm your host,
Speaker 1: Angela Raie or Native lamppod, and today I am I
Speaker 1: don't know if I want to say nerve sighted, scar sighted,
Speaker 1: eager sighted. I'm excited, but I also got some nerves
Speaker 1: about this topic. Let me tell you why money is funny, mane.
Speaker 1: It really just is. I want to be rich. I
Speaker 1: have had some high moments, I've had some low moments.
Speaker 1: I think, at forty six years old, I am so
Speaker 1: ashamed about where I am financially.
Speaker 3: I feel like I should be much better off.
Speaker 1: I had a dream of where I would be at
Speaker 1: this age, you know, probably when I was five, six, seven, eight, nine, ten,
Speaker 1: twenty five. You know, like all of that, like so
Speaker 1: many of us, and there are things that happen in
Speaker 1: our lives where we feel out of control of our finances.
Speaker 1: And I think, right now, in this environment we are
Speaker 1: in this country, it's definitely one of them. There are
Speaker 1: so many unpredictable factors that dictate our financial outcomes that
Speaker 1: we're not in control of. So how do we gain
Speaker 1: control of this space that we so desperately need to
Speaker 1: have control over? And I got to tell y'all, this
Speaker 1: ain't none of my business. It should be my business,
Speaker 1: but this ain't an area where I excel. So I
Speaker 1: called it in a lifeline. I saw this sister on
Speaker 1: Instagram and I was so intrigued by what she was saying.
Speaker 1: I have a financial advisor. He's done some amazing work
Speaker 1: for me. He's grown my retirement account and all of that.
Speaker 1: But I'm also someone that has withdrawn. Oh they hate
Speaker 1: to hear that from my retirement account. You know, there
Speaker 1: are places in life, For example, I talk about this
Speaker 1: all the time in church, in law school, I would
Speaker 1: tithe off of my student loans. That ain't my increase,
Speaker 1: that's my decrease. What you're doing, sis, I don't know,
Speaker 1: but I've been afraid to ask questions. My family did
Speaker 1: well financially, but we didn't necessarily budget the best, and
Speaker 1: so I've avoided the things where I've been afraid. As
Speaker 1: we go in to twenty twenty six, I said, you
Speaker 1: know what, self, We're gonna.
Speaker 3: Turn over a new lead.
Speaker 1: We're gonna ask the tough questions, we are gonna get
Speaker 1: the good advice. And if we want to think and
Speaker 1: grow rich, like my guy Napoleon said, we gotta talk
Speaker 1: to somebody about it cause you ain't the one.
Speaker 3: So there is someone who's the one.
Speaker 1: And before we bring this sister on, I want to
Speaker 1: roll this clip.
Speaker 4: Did you know that dor in this holiday season, for
Speaker 4: every pair of Airmaxes that you buy your family, you
Speaker 4: can buy one share of n Video, a company that
Speaker 4: has worth over four trillion dollars. And for every pair
Speaker 4: of sunglasses that you buy your family during holiday season,
Speaker 4: let's take a pair of givon Chi glasses, you can
Speaker 4: buy three shares of Amazon, the company that everybody's shopping
Speaker 4: at door holiday season.
Speaker 3: And get this.
Speaker 4: For every Louis Baton, perse Louis Vaton Duffel you buy
Speaker 4: your family, do you know that you can own LVMH,
Speaker 4: Louis Vaton, Moa Hennessy and buy Oprah sixty shares of
Speaker 4: this company and they own Louis Baton, Moet.
Speaker 2: Hennessy, Celine, Lowave, Sophora, companies that a lot of people
Speaker 2: are going to be shopping at door holiday season.
Speaker 4: Listen, we are going to spend a ton of money
Speaker 4: during holiday season.
Speaker 2: But what if we give the gift of wealth.
Speaker 4: What if we start owning some of the companies We're
Speaker 4: giving all of our money too. This is the way
Speaker 4: for us to create ownership and create a financial legacy
Speaker 4: for the people we love.
Speaker 1: Well, just so y'all know, I still want to make
Speaker 1: sure we supporting black businesses and all of that too.
Speaker 3: I know she does too.
Speaker 1: We are thrilled to have joining native Lampid today Ashley M.
Speaker 3: Fox.
Speaker 1: She is the founder and CEO of Emplify, and she
Speaker 1: has become my ad hoc financial planner and advisor. She
Speaker 1: doesn't even know now, I just gotta follow the advice.
Speaker 1: So Ashley, help us to stay out and happy holidays.
Speaker 2: Happy holidays. How are you doing? How are you doing?
Speaker 3: Oh man, I'm good.
Speaker 1: I'm trying to be better though, So just so you know,
Speaker 1: while we recorded this podcast, we know it's gonna air
Speaker 1: a little bit later, but.
Speaker 3: I paid played the power ball today.
Speaker 1: You might not like that. You probably rather mea that
Speaker 1: play my investments. We're gonna get that, right, Ashley, But
Speaker 1: I just ain't gonna lie to you. It's one point
Speaker 1: seven billion today. So I just sent my dad to
Speaker 1: the store, my best friend to the store, my other
Speaker 1: friends to the store. We just gotta see what happens.
Speaker 1: By the time this podcast airs, we might be having
Speaker 1: a different conversation.
Speaker 3: But I want to hear from you what you think,
Speaker 3: what you think, what should I do? Help, help help?
Speaker 4: I think I think the first part is the is
Speaker 4: owning the fact that you know you deserve more help,
Speaker 4: You own the fact that you have made mistakes. I
Speaker 4: think I love that you are fearless and vulnerable. I
Speaker 4: think a lot of times when we talk about money,
Speaker 4: we're embarrassed. We don't talk about it as a taboo topic,
Speaker 4: when in reality, we all deserve to have wealth. But
Speaker 4: if we are just constantly spending our money, we are
Speaker 4: always guaranteeing that we're decreasing our net worth. And I'm
Speaker 4: not telling everybody that you have to go start a
Speaker 4: business or quit your job. But every time you spend money,
Speaker 4: somebody else is building wealth. So why not consider owning
Speaker 4: the companies we're get even our money to we have.
Speaker 4: We live in a world now where there are trillion
Speaker 4: dollar businesses because of our consumption, and so it's really
Speaker 4: about shifting our mindset where you don't have to go
Speaker 4: build a big business. You don't have to start with
Speaker 4: thousands of dollars. I always tell people my company, impithy, like,
Speaker 4: you can start with five dollars. If we have the
Speaker 4: five dollars, our way to a million. How about we
Speaker 4: getting the habit of paying ourselves so while we go
Speaker 4: and play the lottery ticket, I would also recommend paying
Speaker 4: you because you.
Speaker 2: Matter just as much as that lottery ticket.
Speaker 3: I love that.
Speaker 1: Okay, now here's a cool question for you. Had to
Speaker 1: tell the truth. When was the last time you played
Speaker 1: the lottery?
Speaker 2: I've actually never played the lottery before.
Speaker 1: Okay, Ashley in here showing out, y'all, she's showing out.
Speaker 3: Okay, tell me why this is a good question. Tell
Speaker 3: me why.
Speaker 2: I guess it just was never on my to do list.
Speaker 3: I don't.
Speaker 4: I didn't come from a family who played the lottery,
Speaker 4: and I just if I'm being honest, Like I went
Speaker 4: to Howard, I wanted to work on Wall Street, and
Speaker 4: so when I got my first internship on Wall Street
Speaker 4: making money, I'm around people with money, and so I
Speaker 4: think I started to adapt to that environment and I
Speaker 4: just wasn't around people who played the lot like I'm
Speaker 4: pretty sure if my environment was surrounded by that. But
Speaker 4: I was in an environment of people who invested, and
Speaker 4: so I'm watching millionaires and billionaires and that'st their money,
Speaker 4: so that's what I'm doing. So I think it's just
Speaker 4: I am a product of the environment I was in
Speaker 4: post Howard University and so much that you can't tell
Speaker 4: me I'm not going to be a billion dollar CEO
Speaker 4: because I'm around billionaires. I'm in their bank accounts, showing wealthy,
Speaker 4: wealthy people how to protect their money, how to preserve it,
Speaker 4: how to grow it. And I'm literally like, successful these clues,
Speaker 4: I'm going to follow the blueprint. So I just wasn't
Speaker 4: always around it, so I can't say that if I was,
Speaker 4: I wouldn't. But in reality, I have the power in
Speaker 4: my mind to create whatever it is I want to do,
Speaker 4: however it comes to me.
Speaker 3: So I love that. So talk about that blueprint.
Speaker 1: What is the blueprint that you have learned and seen
Speaker 1: from advising billionaires and millionaires on their path forward to
Speaker 1: financial success and wealth?
Speaker 3: What is that blueprint?
Speaker 4: I think the first thing is you have to get
Speaker 4: really clear on what you want. I think sometimes we
Speaker 4: are afraid to dream because we base our future on
Speaker 4: our current reality. So despite where you are, what you
Speaker 4: look like, how much money or your credit score?
Speaker 2: What do you want life to look like?
Speaker 4: And so then reverse engineering get so we sat here
Speaker 4: and think, Okay, how much money do I want coming
Speaker 4: in every single month, whether I choose to work or
Speaker 4: I don't want to work, how much is that? And
Speaker 4: then getting to a point where you accept how much
Speaker 4: money you have and make a decision to pay yourself.
Speaker 2: When I say pay yourself, that doesn't mean using a
Speaker 2: savings account.
Speaker 4: That means investing it, giving yourself the opportunity to grow
Speaker 4: your network. And so one of the biggest things I
Speaker 4: saw on Wall Street investing was a standard right like
Speaker 4: they had multiple accounts connected to different goals. So when
Speaker 4: I started working, I had a checking account and I
Speaker 4: had a saving as account. But I'm in these bank
Speaker 4: accounts and they have multiple accounts with multiple titles for
Speaker 4: multiple reasons. And so I started to open accounts for
Speaker 4: different purposes. So this is the account that I have
Speaker 4: where I'm going to buy my house, This is my
Speaker 4: travel the world account, this is my I am built
Speaker 4: for this account just.
Speaker 2: In case something were to happen.
Speaker 4: So I started to separate my money based off of
Speaker 4: the purpose and the goal. So every account number you
Speaker 4: have should be in alignment with a desire, a goal
Speaker 4: that you have. And then also paying myself. And when
Speaker 4: I say pay myself, I'm investing in my brokers account.
Speaker 4: And I know you mentioned like your retirement account. You
Speaker 4: have to really think about where you're going to need money,
Speaker 4: when you're going to need it, and why you're going
Speaker 4: to need it. Right, So I'm thirty six years old,
Speaker 4: the government sells us to work until where sixty sixty
Speaker 4: five years old and then wait for Social Security.
Speaker 2: I mean, we also grew up in an era. I
Speaker 2: know I did. You talked to go to school, get
Speaker 2: the job.
Speaker 4: You get the job, and you pay for school, and
Speaker 4: if you're special, you get a government job. And we
Speaker 4: now know nowadays government jobs aren't even safe. Right, So
Speaker 4: we can't just rely on that college degree and then
Speaker 4: just sitting mountains of debt. We have to do something more.
Speaker 4: And so my more was yes, I had a job.
Speaker 4: My more was yes I set money aside for saving.
Speaker 4: But my more was also investing in these companies that
Speaker 4: are literally making millionaires and billionaires every day, and their
Speaker 4: network is growing because I'm consuming their products right, and
Speaker 4: so really opening a brokerage account, which there is no
Speaker 4: minimum requirement to start, and just starting with companies you know,
Speaker 4: you use and believe in. And so I just saw
Speaker 4: wealthy people investing in their brokerage account. I saw them
Speaker 4: investing for their children in their brokerage account. So I said, look,
Speaker 4: I'm gonna start with three hundred dollars. I'm going to
Speaker 4: open a brokerage account, and I'm just going to start investing.
Speaker 4: And that was literally years ago when I did this,
Speaker 4: and I'm just continuously growing. And the other thing I
Speaker 4: would say, as you make more, you pay yourself more.
Speaker 4: So while you might start with twenty dollars a month,
Speaker 4: let's say every ninety days you now at you put
Speaker 4: twenty five a month, you go to thirty dollars a month,
Speaker 4: and let's say you get that bonus. So I started
Speaker 4: with three hundred dollars, but every time I grew or
Speaker 4: my income grew, I invested more, so much that investing
Speaker 4: no longer was just an option.
Speaker 2: It was like a bill.
Speaker 4: That I paid every single month, the same way I
Speaker 4: pay my cell phone bill or my car note. I'm
Speaker 4: actually paying Ashley so much that if Ashley never makes
Speaker 4: money again, at least she has something working for her
Speaker 4: on the side.
Speaker 2: And I think that's what we need.
Speaker 4: To do, just starting with what we have, but getting
Speaker 4: to the destination of who we want to be and
Speaker 4: who we ultimately deserve to be.
Speaker 1: I want to say this as a lawyer. Ashley is
Speaker 1: not giving any of y'all financial advice. She is talking
Speaker 1: about her own experience and sharing her journey. If you
Speaker 1: try it at home, you try it at home, but
Speaker 1: it is not on her one way or the other.
Speaker 3: If you win and lose or draw.
Speaker 1: So, Ashley, I want to also ask you about this
Speaker 1: because I think this is some of what happens for people,
Speaker 1: and I'll actually own this. You're talking about a brokerage account.
Speaker 1: I talked about a retirement fund the video that we
Speaker 1: showed earlier. You talked about investing in some of the
Speaker 1: companies that we know we buy bags from and kind
Speaker 1: of luxury items.
Speaker 3: Where do you think is the on ramp?
Speaker 1: Like do people start with like an eye roth ira
Speaker 1: to get started? Do they start with this twenty dollars
Speaker 1: twenty five dollars set aside plan? Do they go get
Speaker 1: a life insurance policy? If you're a young professional. I'm
Speaker 1: not young anywhere. But if you're a young professional in
Speaker 1: this space starting out, where do you recommend people start.
Speaker 2: So it's a couple things.
Speaker 4: So the first thing most people know is their retirement
Speaker 4: account at their job. So you're four to one K,
Speaker 4: four to three B, and I recommend getting that account now.
Speaker 2: While you can't touch it till fifty nine and a half,
Speaker 2: you want to.
Speaker 4: Get that account because one, they're automatically taking money from
Speaker 4: your check. I would challenge you to know the type
Speaker 4: of investments the mutual funds in there. But if your
Speaker 4: company matches you, that is a return on an investment.
Speaker 4: That is free money. And that's one of the things
Speaker 4: I did when I worked on Wall Street. I was
Speaker 4: investing what they were willing to contribute. That is free money. Now,
Speaker 4: although it is that long term strategy, if you are
Speaker 4: let's say you're under forty or your thirties or your twenties,
Speaker 4: if you don't want to wait till sixty to retire,
Speaker 4: retirement is not an age.
Speaker 2: It's a dollar amount.
Speaker 4: So now I'm thinking, okay, yes, I'm setting money aside
Speaker 4: for sixty and I'm in my twenties. I want to
Speaker 4: retire at forty, so getting a brokerage account allows you
Speaker 4: allows that flexibility. There's no age requirement, there's no minimum
Speaker 4: or maximum to start with, and you're not penalized just
Speaker 4: in case you need the money, so you're able to
Speaker 4: start small, bill big. And those retirement accounts they have
Speaker 4: income limitations, they have age restrictions, and their penalties.
Speaker 2: If you try to withdraw.
Speaker 4: Not that it's bad, but you have to understand every
Speaker 4: account you have is for a different purpose and for
Speaker 4: a different season in your life. And the reason why
Speaker 4: I like brokerage accounts is because you have flexibility.
Speaker 2: Right Like, I've been kicked out of places before.
Speaker 4: When I left my Wall Street job, I got kicked
Speaker 4: out of my Harlem apartment and I maxed out every
Speaker 4: all my credit cards eighty thousand dollars in debt.
Speaker 2: But I had the stocks in.
Speaker 4: My investment account and I sold those and that's how
Speaker 4: I was able to build my company Implify. There were
Speaker 4: times where I had to sell my stocks to make
Speaker 4: payroll in my business. So you have the flexibility to withdraw,
Speaker 4: whereas your retirement accounts are just that set for you
Speaker 4: to retirement. So I'm planning for my life now and
Speaker 4: life and you want to be able to do both. Now,
Speaker 4: when it comes to life insurance, that is more so,
Speaker 4: how can I set my family up? That's the number
Speaker 4: one reason you would get life insurance if you have
Speaker 4: family that you want to pass down wealth to. And
Speaker 4: I think everybody I encourage to put yourself in that
Speaker 4: position to take care of your family regards, especially if
Speaker 4: your family.
Speaker 2: Is dependent on you.
Speaker 4: But there's other life insurance policies where you can build
Speaker 4: wealth and extract that money while you're alive. But it's
Speaker 4: a case by case basis, so depending on your age,
Speaker 4: your health, your income. A brokerage account has no color,
Speaker 4: has no credit score, has no gender. It looks like
Speaker 4: all of us. We can build wealth, and we can
Speaker 4: do so with a brokerage account. So whether it's my
Speaker 4: eight year old niece who has a brokerage account, whether
Speaker 4: it's somebody who's in their sixties or their seventies, it's
Speaker 4: one of the most easiest ways to start with as
Speaker 4: little but just in case you need it, it's liquid
Speaker 4: enough for you to be able to withdraw without any
Speaker 4: major rules or restrictions.
Speaker 1: So with the brokerage account, are there certain companies that
Speaker 1: you like ranked and you check like these are the
Speaker 1: best companies to do a brokerage account with? And why
Speaker 1: and explain for people at home what is a brokerage account?
Speaker 4: So brokerage account is simple. It connects the buyer of
Speaker 4: an investment to the seller. It takes five minutes opening accounts.
Speaker 4: You don't learn anything from this session. If you aren't investing,
Speaker 4: at least get a brokerage account right now. When you
Speaker 4: open a brokerage account as an individual, you want to
Speaker 4: make sure that you know how much you want to
Speaker 4: start with. But I come from a Wall Street background,
Speaker 4: so when I started investing in twenty eleven twenty twelve,
Speaker 4: a lot of the new apps didn't exist. They weren't
Speaker 4: talking about finance on social So the accounts that I
Speaker 4: use are accounts I see the millionaires a billionaires using.
Speaker 4: So when it comes to just even the members inside
Speaker 4: of our WB app, I like Fidelity, I like Charles Schwab, I.
Speaker 2: Like Vanguard, I like E Trade.
Speaker 4: Now, if you're starting small, both Smart small meeting let's
Speaker 4: say fifty dollars or less. Fidelity and Charles Schwab lets
Speaker 4: you buy fractional shares, and fractional shares mean if the
Speaker 4: share is the the cost of the stock, the investment
Speaker 4: you would make is one hundred dollars, but you only.
Speaker 2: Have fifty, you're able to get a half of a share.
Speaker 2: Both Fidelity and Charles Schwab allow you to do that.
Speaker 4: I'm also the type of person when you have my money,
Speaker 4: I like to call you at two o'clock in the morning.
Speaker 4: I like to be able to have that customer service
Speaker 4: access at twenty four to seven support. Now that's not
Speaker 4: to say the newer apps are bad. You'll never hear
Speaker 4: me talk bad about a person or a company. It's
Speaker 4: just they're just new, so they might not have the
Speaker 4: customer support, they might not have the access or all
Speaker 4: the features. But those are the top accounts that I use,
Speaker 4: My family use, the members inside of our app use,
Speaker 4: those are the companies that you can utilize. Now, again,
Speaker 4: it doesn't mean the newer apps are bad. They just
Speaker 4: might not have all the features and benefits, but they
Speaker 4: serve the same purpose for you.
Speaker 1: Okay, what about crypto. So there's been this kind of
Speaker 1: crypto boom. People are like, oh, okay, well I don't
Speaker 1: need to invest in stock now because now there's this
Speaker 1: there's bitcoin and there's all of this stuff there.
Speaker 3: People buy trump Coin.
Speaker 1: Like there are all of these these entities, famous folks
Speaker 1: who are coming up with their own cryptocurrency. What do
Speaker 1: you say to folks who are relying now on crypto
Speaker 1: to make their money quick? And all of the influencers
Speaker 1: online who've talked about how rich they become on crypto.
Speaker 2: So there's two things.
Speaker 4: One, I'm not an expert in crypto, so I won't
Speaker 4: even stay hearing a lot of you and tell you
Speaker 4: what to buyer how to do it. The second thing,
Speaker 4: I would say one of the words you said, and
Speaker 4: you don't even realize you said it was quick. When
Speaker 4: it comes to building wealth and just how I've learned
Speaker 4: to do it, there is nobody that I worked with
Speaker 4: that got rich quick.
Speaker 2: And I think we for so long we may have
Speaker 2: been without that.
Speaker 4: Our desire to have money fast, we think that's what
Speaker 4: we're gonna need, when in reality, you can't eat all
Speaker 4: your food on a Thanksgiving plate quickly. So when it
Speaker 4: comes to building wealth, this is a journey. That is,
Speaker 4: it becomes a of who you are. Not saying that
Speaker 4: crypto has not made people wealthy. I'm not here to
Speaker 4: count anybody's pockets. But the one thing I can say
Speaker 4: is not regulated. So if you are somebody who is
Speaker 4: afraid of losing money or not being able to get
Speaker 4: your money and things like that, it's not regulated.
Speaker 2: It's so new that it's not regulated, not that it won't.
Speaker 4: But just because something is sexy and it's hot doesn't
Speaker 4: mean it's going to change your life right now and
Speaker 4: might not satisfy your risk tolerance. So I can't speak
Speaker 4: to how to do it, what to do, but I
Speaker 4: can tell you that if you are not someone that
Speaker 4: wants to take risk and you want regulation and you
Speaker 4: want protection and all of that, it might not be
Speaker 4: the best thing to start. Maybe as time progresses there'll
Speaker 4: be a lot more regulation. But just because something is
Speaker 4: sexy and hot the same day that is hot tomorrow,
Speaker 4: everybody's talking bad about it. So but in reality, where
Speaker 4: I spend my money and the companies I can't live without,
Speaker 4: they've been around for years and I am more okay
Speaker 4: investing at least in those as well as as an
Speaker 4: Ashley Fox and in her business.
Speaker 2: But it's not an area that I can and speak to.
Speaker 4: But I can say, please be mindful of the risk
Speaker 4: associated with something that is not regulated.
Speaker 3: I love this.
Speaker 1: So let's compare this kind of new market to your
Speaker 1: career trajectory. So you left Wall Street and you started
Speaker 1: your company. Yes, what do you say to people are like, well,
Speaker 1: you went and started something new. You bet on yourself
Speaker 1: and even if they don't use crypto, that's fine. But
Speaker 1: you went and bet on yourself. What do you say to,
Speaker 1: you know, a potential customer, a potential client that is like, well,
Speaker 1: why should we bet on you? Since you also you
Speaker 1: went to learn from an old, established thing, so old
Speaker 1: JP Morgan Chase.
Speaker 3: This is where I Bang Too benefited.
Speaker 1: From the slave trade, right, we know that it's so
Speaker 1: old that it benefited from the slave trade. But you
Speaker 1: left and you went and you bet on yourself, even
Speaker 1: pulling out money from your own stock investment.
Speaker 4: So the first thing I would say before you bet
Speaker 4: on Ashley, I need you to bet on you because
Speaker 4: anything that my company Emplithy does, anything that you see
Speaker 4: me teach on social media, things are not taught, They
Speaker 4: are caught. You have to be ready to receive information
Speaker 4: so I can pour all day into you. But if
Speaker 4: you don't think you're worthy of a seat at the table,
Speaker 4: and don't choose you first.
Speaker 2: None of it is going to work.
Speaker 4: But I can also say my I'm also not somebody
Speaker 4: who just woke up one day like I think I'm
Speaker 4: gonna teach finance, Like I went to Howard, majored in finance,
Speaker 4: worked on Wall Street, been in this industry for over
Speaker 4: sixteen years. And also everything that I teach, I do right.
Speaker 4: So everything that I teach that whether you see me
Speaker 4: on the internet, you're in our app, you're taking our classes.
Speaker 4: Everything is what I do for myself and my family.
Speaker 4: Because I'm not a fan of reading finance books. They're
Speaker 4: kind of boring to me. So it's a lot easier
Speaker 4: to speak from my heart and to talk about my experience.
Speaker 4: But I also believe too, I know what it feels
Speaker 4: like not to have money. Like while I was on
Speaker 4: Wall Street, I was the only black female on my floor.
Speaker 4: I was one of the lowest pay people on my floor,
Speaker 4: making good money. But in reality, when you're in a
Speaker 4: room of millionaires and billionaires and your annual salary is
Speaker 4: the fee that they pay in hundreds of their mutue funds,
Speaker 4: just one of them, I can tell you I know
Speaker 4: what it feels like to notice like I'm not good enough.
Speaker 4: I know what it feels like to quit my job,
Speaker 4: to bet on Ashley, to lose everything, to then have
Speaker 4: to go live in my parents' college for two years.
Speaker 4: But the one thing that kept me going was I
Speaker 4: could not unsee the wealth that Wall Street exposed me to.
Speaker 2: So everything that I do is because of what I saw.
Speaker 4: I'm pretty sure if I didn't see money, I wouldn't
Speaker 4: believe we could create money. And so I just think
Speaker 4: my experience is very diversified because not only can I
Speaker 4: sit here and talk about a stock, we can sit
Speaker 4: here and have an entire estate plan conversation because I
Speaker 4: worked in asset management. So if you had at least
Speaker 4: twenty five million dollars, you can't just go to a
Speaker 4: regular bank. Right You're talking to hedge funds, You're talking
Speaker 4: to private equity funds and state planners, capital advisors, investors.
Speaker 4: There's an entire ecosystem that you need to surround your wealth.
Speaker 4: And that's essentially when I left my Wall Street job,
Speaker 4: I'm like, for something we're using every day, why is
Speaker 4: it not taking.
Speaker 2: Our school system.
Speaker 4: You shouldn't have to major in finance work on Wall
Speaker 4: Street to get this information. I didn't really start this
Speaker 4: business to make money. I just found a way to
Speaker 4: make money. But in reality, if I wanted to make
Speaker 4: money out of stayed on Wall Street, and I wouldn't
Speaker 4: have went through what I went through.
Speaker 2: But I also know what it feels like to be
Speaker 2: the people that I serve.
Speaker 4: I know what it feels like to feel unworthy and
Speaker 4: not have money and not be able to make credit
Speaker 4: card payments because I'm trying to bet on myself. So
Speaker 4: the return you see of Ashley Marie Fox today was
Speaker 4: not the Ashley July twelve, twenty and thirteen when I
Speaker 4: left my job. And I think it came from my
Speaker 4: heart when I decided to do this, not.
Speaker 2: To make money.
Speaker 4: I just found a way to create wealth, showing the
Speaker 4: world how they can do it as well too.
Speaker 3: I love it.
Speaker 1: I'm telling you now what I am doing while we're here.
Speaker 1: In case you're like, what are you doing? Looking down?
Speaker 1: I'm on your page unemplified and it can provide a
Speaker 1: wealth Builder membership, and I'm getting that annual membership. Now
Speaker 1: I'm betting on myself and the lottery. Hey, I normally
Speaker 1: don't pay. You know what's so funny? You talk We
Speaker 1: talked to about the lottery earlier, and I said, and
Speaker 1: you were like, I'm not around people who played lottery.
Speaker 1: My dad played the lottery so much. I'd be like,
Speaker 1: you won the lottery right now, right, And I don't
Speaker 1: know what it's been lately, Ashley, this dog gone powerball
Speaker 1: meant so high. I'm like, okay, I didn't played twice
Speaker 1: and that's the first time in my life. I literally
Speaker 1: was on the phone my friend like what am I.
Speaker 3: Supposed to ask for? Like I really didn't even know.
Speaker 1: So I want to just I want you to know
Speaker 1: that too, Like it's not normal for me, but I
Speaker 1: do want to bet on myself. So you have an
Speaker 1: annual membership for Implify, and I'm going I'm subscribing right now.
Speaker 1: I got a code that was SI. So that's how
Speaker 1: I'm investing in myself going into twenty twenty six. How
Speaker 1: else would you encourage people who are watching to invest
Speaker 1: in themselves, invest in their families, invest in their communities.
Speaker 4: I think it's just about time we make this a standard.
Speaker 4: I think we let go of the fear, we let
Speaker 4: I mean, we live in a time where, like you said,
Speaker 4: it's uncertain, but at the end of the day, I'm
Speaker 4: not about to let let the next three four years
Speaker 4: go by and be dictate what I see in the media.
Speaker 4: Nobody has paid off my dad, nobody has started my business.
Speaker 4: At the end of the day, the only person coming
Speaker 4: to save us is the person in the mirror. And
Speaker 4: until you start loving the person in the mirror, nothing
Speaker 4: is going to change. Because it is possible for us
Speaker 4: to create wealth. We are at the center of the
Speaker 4: stock market. If we don't spend any money at all,
Speaker 4: there is no market, there is no company, there is
Speaker 4: no billionaire. So in reality, I'm not telling you you
Speaker 4: have to go build a billion dollar business, but I
Speaker 4: can tell you that if you choose to live in
Speaker 4: this country, there are ways for you to build wealth
Speaker 4: where you don't have to just be dependent on your job.
Speaker 2: But you have to understand you can't work or save
Speaker 2: your way to wealth.
Speaker 4: The times are different, you are different, and you have
Speaker 4: to let go of the fact that you're behind.
Speaker 2: You have to let go of the.
Speaker 4: Fact that you can't do this, or that is scared
Speaker 4: or everybody's trying to scam me, like you cannot afford
Speaker 4: to not be better with your money at this point,
Speaker 4: because we cannot rely on anybody. But ourselves and especially
Speaker 4: those of you who have families like we have to
Speaker 4: set the standard of what what wealth looks like.
Speaker 2: In our community. We have to start talking about it
Speaker 2: at the dinner table.
Speaker 4: We have to start embodying, embodying it, talking about it,
Speaker 4: immersing ourselves in this language so that we understand what
Speaker 4: moves this economy.
Speaker 2: And I think once you understand that it's a game
Speaker 2: and that.
Speaker 4: You are the star player on the court, but you
Speaker 4: know the rules, it's a lot easier for you to maneuver.
Speaker 4: Just let go of the fact that you have to
Speaker 4: have it all together. Every day I wake up trying
Speaker 4: to figure it out. I too feel like I want
Speaker 4: to be in a better place financially. But you also
Speaker 4: have to accept the fact you did your best. You
Speaker 4: did not come for money, you weren't blessed with this information.
Speaker 4: It's not taught in our school system. But you did
Speaker 4: your best. All I'm asking in twenty twenty six bet
Speaker 4: on you this time? How about you fill your cup
Speaker 4: and say, look, I'm paying me and I'm okay if
Speaker 4: it's ten dollars. But I know if I start today,
Speaker 4: the next five ten years of my life will be
Speaker 4: totally different because we worked all these years, we worked ten, fifteen,
Speaker 4: twenty thirty forty years.
Speaker 2: How about we just pay ourselves for one just one year?
Speaker 3: About we just.
Speaker 4: Pay ourselves and create the habit of somebody who's a
Speaker 4: wealth builder.
Speaker 3: I love it. I wish that this had apple pae.
Speaker 1: I'm doing this right now, trying to.
Speaker 3: Hurry up and get this right. I'm being a wealth builder.
Speaker 3: So let me ask you this.
Speaker 1: If you were to tell someone you know that may
Speaker 1: not have the money to be a wealth builder on emplify,
Speaker 1: what are three things that people can do going into
Speaker 1: twenty twenty six, especially if they're like, Okay, my financial
Speaker 1: literacy is really illiteracy. The narrative I have around money
Speaker 1: multi generationally and my family says that I'm supposed to
Speaker 1: be broke or it looks like I'm going to end
Speaker 1: up broke. What are the things that you say to
Speaker 1: people to say like, no, that didn't have to be
Speaker 1: your story.
Speaker 2: So the first thing so everyone wish she's referring to.
Speaker 4: We have a Wealth Buildings Community app, which is I
Speaker 4: like to call like the Netflix of finance. It's where Angela,
Speaker 4: You'll have access to over ten different boot camps from
Speaker 4: buying your first stop to life insurance to retirement planning.
Speaker 4: It's kind of like if you were to go to
Speaker 4: a Harvard or finance where you can move at your
Speaker 4: own pace and learn right. So it gives us in
Speaker 4: the palm of your hand with the school system for
Speaker 4: God to give us. Now, if in fact you are
Speaker 4: not a member, there's a lot of free stuff you
Speaker 4: can start with. The first thing is on social media.
Speaker 4: I'm always teaching on social media, Underscore, Asking and Fox, but.
Speaker 3: She is That's where I found her, y'all, That's where
Speaker 3: I found her.
Speaker 4: But also we have free classes, right, So if you
Speaker 4: go to Amplify, emp Ify, dot Link, slash invest, there's
Speaker 4: a free class helping you build your twenty twenty six glueprint,
Speaker 4: starting from the basic to getting the first account open.
Speaker 4: But just having those free resources I think helps as
Speaker 4: you enter your way to getting better and more confident.
Speaker 4: The other thing I would challenge everybody to do and
Speaker 4: go look on the financial news, whether it's Yahoo, Finance,
Speaker 4: CNBC and just find an article that intrigues you. Right,
Speaker 4: I just challenge you twice a week because when you
Speaker 4: think about becoming fluent in the language, you have to
Speaker 4: read it. You have to speak it, you have to
Speaker 4: be around people who are speaking it.
Speaker 2: Or you can't be fluent.
Speaker 4: So instead of trying to find complicated things to talk
Speaker 4: about or read about, find an article about a company
Speaker 4: you know, start to research, and start to immerse yourself
Speaker 4: in the language of money. And the other thing I
Speaker 4: would do is change your environment. Are you around people
Speaker 4: who want to grow financially. Are you around people who
Speaker 4: are committed to self development, Because sometimes you are a
Speaker 4: product of your environment, and sometimes it takes you to
Speaker 4: reach out to somebody to build that connection or to
Speaker 4: put yourself in those uncomfortable spaces. I think one of
Speaker 4: the best things that happened to me on Wall Street,
Speaker 4: while I was the only black woman, while I did
Speaker 4: feel not.
Speaker 2: Good enough, it leveled my mindset up.
Speaker 4: I started to travel because I'm around billionaires and I'm
Speaker 4: seeing what they're doing with their money in life. And
Speaker 4: so surround yourself in an environment that you might have
Speaker 4: to go find. And I challenge you to control us
Speaker 4: on your timeline, control us on your television, control what
Speaker 4: you're reading, and allow yourself to become the person you
Speaker 4: want to be. But sometimes you gotta let go with
Speaker 4: who you used to be. To become the person you
Speaker 4: deserve to be, and that's probably the hardest part. So
Speaker 4: I would say surround yourself around a different group of
Speaker 4: people and just immercer that. That's why we created our app,
Speaker 4: because you can't talk about these things very rarely when
Speaker 4: you find it on social media and you don't and
Speaker 4: our families are not ready, and sometimes you have to
Speaker 4: be the change maker in your family. You have to
Speaker 4: be the one that starts the conversation. Like I was
Speaker 4: the first person that opened the brokerage account for my family.
Speaker 4: I got their life beloors, I got their brokerage account.
Speaker 4: But I knew now they're doing it, but it took time.
Speaker 4: But sometimes you have to be that person and sometimes
Speaker 4: you have to do it alone. But I think those
Speaker 4: are just some things that we can do. So there
Speaker 4: are a lot of free resources Emplify, dot link, slash invest.
Speaker 4: Also there's a ton of stuff on impify dot com
Speaker 4: as well, But even outside of just emplify, you have
Speaker 4: to make.
Speaker 2: A choice this year and choose you choose wealth, choose possibility,
Speaker 2: choose I don't want lack anymore. I want abundance and
Speaker 2: that is something you deserve to have. But you have
Speaker 2: to choose use.
Speaker 4: Abundance, and it's not gonna be given to you.
Speaker 1: You know what I love the most about this conversation today, Ashley,
Speaker 1: is there's so much of what you said that sounds
Speaker 1: exactly like what we tell people about getting involved in
Speaker 1: the political process. And so this is an opportunity really
Speaker 1: for me to embark on this journey, humble myself and
Speaker 1: do the thing that I tell people to do about politics.
Speaker 1: Just read something, just start somewhere, surround yourself in a community.
Speaker 1: I'm surrounded by people that do well with money. But
Speaker 1: it's the part of the conversation I'm like, ah, and
Speaker 1: I tune out. So this, I think is this is good.
Speaker 1: So hopefully you can check on me periodically.
Speaker 3: And be like what you're doing doing all right over there? Yeah, i'mna,
Speaker 3: I'm gonna check in.
Speaker 1: I'mnna make sure my my my brokerage account is where
Speaker 1: you say it needs to be. I'm gonna set aside money.
Speaker 1: I'm gonna take your advice on what because I'm asking
Speaker 1: you to give me some free advice on where to start,
Speaker 1: and then you can hold me accountable to it. Yes, No,
Speaker 1: I want to invest more than I spend.
Speaker 3: Will be the go.
Speaker 4: You just got to start investing. We'll get there, but
Speaker 4: at least getting that.
Speaker 3: And she said my bar too.
Speaker 4: Hi, y'all, it's okay to spend. I like nice things,
Speaker 4: but I invest in too. You don't have to choose
Speaker 4: this or that. It's this and that. We don't have
Speaker 4: to sacrifice. We just got to make more money. Like,
Speaker 4: let's just let's do what we want, but let's just
Speaker 4: choose you and pay you, because if not, we're always
Speaker 4: going to feel like we're working for the rest of
Speaker 4: our life.
Speaker 2: So now it's son to just give your money a
Speaker 2: job description. That's all.
Speaker 3: Absolutely, I love it.
Speaker 1: Well, thank you so much, Ashley in Fox y'all, she
Speaker 1: runs implified, please go and check out the site yard
Speaker 1: and signed up. I'm about to be in my little
Speaker 1: boot camp and my stock boot camp. I'm gonna come back.
Speaker 1: Sounded like a financial boss. It'll make sure I passed
Speaker 1: Ashley's test first though. Thank you so so much.
Speaker 3: Thank you.
Speaker 1: I appreciate it bad to have it. Okay, everybody, welcome home.
Speaker 1: I hope that y'all will join me on this journey.
Speaker 1: I want to do better. I am too old to
Speaker 1: be playing these kiddie games.
Speaker 3: With my money.
Speaker 1: So if your money's funny and ain't acting right, y'all
Speaker 1: join me on this journey and let us figure out
Speaker 1: a pathway to pay ourselves. As actually said, because we
Speaker 1: deserve it. We deserve abundance and every good thing. So
Speaker 1: let us take that spirit into twenty twenty six.
Speaker 3: Let us start from wherever we are, and let us
Speaker 3: just go. Y'all.
Speaker 1: Set a little money aside, and let's invest it. I'm
Speaker 1: trying to get better. I hope y'all will join me
Speaker 1: in it. And if you're judging me, you can send
Speaker 1: me a comment and tell me. If you're not and
Speaker 1: you want to join the journey, you can tell me
Speaker 1: and send a comment. If you just want to figure
Speaker 1: this out together, you can send me a comment or
Speaker 1: whatever it is. Let's go, y'all. We have a lot
Speaker 1: to do and not a lot of time, so let's
Speaker 1: get started. What are your twenty twenty six resolutions? I
Speaker 1: want to hear about them. Send me those two. Send
Speaker 1: me videos you don't we like videos?
Speaker 3: Y'all? All right, welcome home, see you next time.
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