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Speaker 1: stay when you need money fast, be the hero. Go

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Speaker 1: to cashing at USA dot com to apply for the

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Speaker 1: money you need now. The exact timing is to whin

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Speaker 1: your loan funds will be available, will be determined about

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Speaker 1: your banking institution. Welcome to Money Making Conversation. I am

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Speaker 1: your host, ra Sean McDonald. I always provide this thing.

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Speaker 1: I always tell people this when they listen to this show.

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Speaker 1: I provide you and business own access to people that

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Speaker 1: I know, people I don't know, people who believe in

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Speaker 1: what I'm trying to do. That's give African America's information

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Speaker 1: that they need to win with. I recognize that we

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Speaker 1: all have different definitions of success. For some it's a

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Speaker 1: sizeable paycheck. Mine is helping people wake up and inspiring

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Speaker 1: them to accomplish their goals and live their very best life.

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Speaker 1: These are my passions and that's what I'm going to

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Speaker 1: do for you. I want you to stop tripping over

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Speaker 1: small challenges and propried to rise above bigger obstacles that

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Speaker 1: life will present to you. The Money Making Conversation interviews

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Speaker 1: provide relatable information to the let's know my career and

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Speaker 1: financial planning, entrepreneurship, motivation, leadership, overcome the arts and how

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Speaker 1: to live the balance life. My next guest, Uh, happy

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Speaker 1: to have him back on the show, has always believed

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Speaker 1: this it's not how you start, it is how you finish.

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Speaker 1: That God has great plans for each of us who

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Speaker 1: must simply listen for his force, follow directions, overcome the

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Speaker 1: obstacles and state. Of course, He's the chairman and CEO

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Speaker 1: or Frasier Net Inc. A global networking movement that brings

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Speaker 1: together the first human resource to increase opportunities for people

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Speaker 1: of African descent. He's also now networking guru, entrepreneur and

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Speaker 1: motivational speaker speaker. Happy to have him back on Money

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Speaker 1: Making Conversation. Please welcome George Fraser. So good to hear you. Man.

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Speaker 1: I wish I had that voice. I wish I had that.

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Speaker 1: I you are so less in a beautiful mind too

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Speaker 1: and a beautiful spirit. I appreciate it first of all

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Speaker 1: fit for you know, like I said that, thank you.

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Speaker 1: You know I always want to read your quotes. Uh,

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Speaker 1: you came on my show man. It was a blessing

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Speaker 1: last year and this time I do want to you know,

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Speaker 1: the events October right, it still scheduling October. It's October

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Speaker 1: fourteenth through the seventeen in Houston. So, like I said,

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Speaker 1: I still got the opportunity to be there. Now I'm

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Speaker 1: not giving up there. We're gonna crazy Man out of

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Speaker 1: the White House. We might be able to get this

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Speaker 1: pandemic under control. Oh my god, no, God too. Now.

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Speaker 1: The mission of your Frasier NAT is to produce products

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Speaker 1: and services that teach and promote excellence and effective networking,

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Speaker 1: to facilitate business to business, business to consumer mentoring, and

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Speaker 1: roll modeling for people of African descent. Now that's important.

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Speaker 1: When you're not here. You speak of it because you've

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Speaker 1: been doing it all your life and and I've I've

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Speaker 1: seen it, and now I've been able to catch fire

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Speaker 1: and start doing it myself because you have mentored me

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Speaker 1: through the and because it's always been a part of

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Speaker 1: your DNA. Talk about it, George, um uh, you know.

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Speaker 1: And I want to say this to our people and

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Speaker 1: still below we were shan We are not suffering because

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Speaker 1: we cannot resolve our problems. We are suffering because we

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Speaker 1: cannot see our problems clearly and diccinctly. That we have

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Speaker 1: been hurt more by what we don't know than why

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Speaker 1: what we can't do. Okay, that we want progress. Black

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Speaker 1: people want progress without execution. It's execution, execution, execution. Yes,

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Speaker 1: you have to We have to protest, and even writing

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Speaker 1: has its own place in the moment. At the end

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Speaker 1: of the day, you when the protesting ends, you have

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Speaker 1: to organize and you have to execute. Okay, and and

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Speaker 1: and and that requires now knowledge, that requires knowledge that

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Speaker 1: enables you to rally out people and point in the

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Speaker 1: proper direction to get them inspired. But is a beautiful

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Speaker 1: passage in the Bible that all black people know and

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Speaker 1: they quote right, and it's Josiah four versus six. My

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Speaker 1: people perish for the lack of knowledge. Now everybody, every

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Speaker 1: Black person in America knows that way. But what you

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Speaker 1: never hear Rashan is the rest of that passage. My

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Speaker 1: people perish for the lack of knowledge. And because thou

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Speaker 1: hast rejected knowledge, I also reject thee Thou shalt be

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Speaker 1: no priest to me. So this is God telling his people.

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Speaker 1: If you do not skill up, seek knowledge, improve your mind,

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Speaker 1: improve your relationships, improve your ability to handle the money

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Speaker 1: that I allow you to make. Right, I reject you,

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Speaker 1: and you cannot be no priest to me. You can't

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Speaker 1: say nothing to me because you have refused to learn.

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Speaker 1: This is of the beautiful things I love about your program.

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Speaker 1: You are constantly teaching knowledge and bringing knowledge keepers to

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Speaker 1: the microphone to help teach and enrich our people. So

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Speaker 1: this is what we are all about. Phraser Net and

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Speaker 1: Phraser Nation. Someone asking the other day, Drs, you know

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Speaker 1: they need to be Phraser nation nation, that that gotta be.

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Speaker 1: That gotta be a cab Phraser nation. Citizens, remunerational wealth

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Speaker 1: where our citizens are committed to demonstrated excellence, equity and investment,

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Speaker 1: and entrepreneurial thinking. Rashan, I didn't say entrepreneurship. I said

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Speaker 1: entrepreneurial thinking. That is taking responsibility, taking ownership and for

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Speaker 1: your own life. That's really what we need. And once

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Speaker 1: we begin to think that way, Rishan, then that can

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Speaker 1: most into entrepreneurship, and then that can morph into a

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Speaker 1: building and creating work in jobs for people. Because by

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Speaker 1: the end of the twenty one century, black people have

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Speaker 1: to be the number one employer of black people and

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Speaker 1: every immagrant that has ever come to this country. Rashawn

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Speaker 1: has understood that for black people, Jews of the number

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Speaker 1: one employee of Jews. Asians are the number one employee

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Speaker 1: of ations. East Indians are the number one employee of

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Speaker 1: East Indians. Arabs are the number one employer of Arabs. Ultimately,

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Speaker 1: we two much become the number one employee of our people.

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Speaker 1: But that requires knowledge, that requires sacrifice, you know. It's

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Speaker 1: a little piece that I do all the time. Don't

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Speaker 1: quit your job until that's what it's called. Don't quit

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Speaker 1: your job until your side income covers twice as much

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Speaker 1: as your monthly expenses. Don't quit your job until your

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Speaker 1: advergency fund to cover one year of expenses that. Don't

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Speaker 1: quit your job until you are skilled enough to make

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Speaker 1: your side hustle your main business. And don't quit your

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Speaker 1: job until you're ready to work well to sixteen hours

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Speaker 1: a day like you and I do hate you know,

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Speaker 1: take some joy. I appreciate it, you know. I just

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Speaker 1: love the fact that there's always a sense of direction

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Speaker 1: when you talk. And when I say that, I look

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Speaker 1: at the pandemic and there's there's bad of the pandemic

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Speaker 1: because of the fact that it avert effects affects African Americans,

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Speaker 1: the COVID their team. What I also see now is

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Speaker 1: that it is a wake up call to technology for

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Speaker 1: black people because especially in the restaurant world, you know,

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Speaker 1: decided to just be in dining only facilities, not using

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Speaker 1: Uber and not use that in the door dash and

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Speaker 1: all these things and and and and and to go

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Speaker 1: practices were not built out in other areas. And talked

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Speaker 1: to us about that because I know, I just changed

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Speaker 1: my game. You know, when I had become a zoom

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Speaker 1: oriented company, I didn't just stop and just started crying.

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Speaker 1: I had to like use technology otherwise I would have

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Speaker 1: been effective. So talk about that, because that's what you're

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Speaker 1: talking about. You were talking about before the pandemic, and

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Speaker 1: now it is raising his ugly head during the pandemic. See,

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Speaker 1: I loved I love that. I love the way you

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Speaker 1: framed that up. So let's let's think about that. But

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Speaker 1: just a minute. So COVID nineteen now has us homeschooling, praying,

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Speaker 1: spending time with family, praying for others, and being sober minded.

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Speaker 1: Now that sounds like God is in charge. This isn't

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Speaker 1: a plague, this isn't a pandemic. This is an awakening

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Speaker 1: with Sean. That's what we are into right now. If

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Speaker 1: our brothers and sisters haven't noticed by now, that was

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Speaker 1: designed for you to get back in touch with your

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Speaker 1: soul and raise your consciousness so that you can elevate

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Speaker 1: your life. This will be known, will be known as

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Speaker 1: before George Floyd and after George Floyd. Every things that

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Speaker 1: God put in line. There's three things that God put

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Speaker 1: in line to get us in line. He gave us

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Speaker 1: Trump plus COVID plus George Floyd. Those three things together

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Speaker 1: changed our world. Right. And if we don't understand what

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Speaker 1: the opportunities off for us now post George Floyd, shame

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Speaker 1: on us. Right. So it's our job, your job, my

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Speaker 1: job as leaders in the community. You have a powerful voice,

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Speaker 1: you have a powerful platform. I listened to you at

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Speaker 1: least three or four times a week, right, Um, in

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Speaker 1: various platforms that you're on, whether your stuff is on YouTube,

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Speaker 1: whether it's on some other distribution system social media, where

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Speaker 1: the stuff that you're posting up. Um. But that's what

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Speaker 1: you're doing. You're leading, You're leading your voice the change,

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Speaker 1: your voice of power, your voice of giving our people

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Speaker 1: specific directions and things to do. That's what we have

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Speaker 1: to do, and that's what you have to do. Um.

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Speaker 1: There's another little piece. I always talk to black people

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Speaker 1: about who adopted phrases, what would you be doing? What

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Speaker 1: would you best? You would listen? Let me give you

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Speaker 1: very three very self financial rules, financial rules that will

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Speaker 1: give you financial previous A simple rule, simple rules. Your

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Speaker 1: rent or your mortgage should be less than what you

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Speaker 1: make in a week. Your rent or mortgage should be

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Speaker 1: less than what you make in a week. Most of

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Speaker 1: us a house poor. We buy too much house for

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Speaker 1: not enough monthly income. Right, So that's number one. The

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Speaker 1: rent or mortgage should be less than what you make

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Speaker 1: in a week. Number two, only borrow money to make

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Speaker 1: more money. That's what the banks do. Number Three, as

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Speaker 1: your income increases, your cost of living should decrease or

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Speaker 1: stay the same. Right. So those are three things. You

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Speaker 1: follow those three simple rules, you're going to find financial freedom. Right. So,

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Speaker 1: we have to stop this notion of of spending more

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Speaker 1: than we earn. We or even spending all that we earned.

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Speaker 1: We must spend less than we earn and invest the

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Speaker 1: rest if you're going to have any kind of financial

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Speaker 1: freedom in your lifetime. One of the baddest habits that

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Speaker 1: black people have when it comes to money is our

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Speaker 1: addiction to instant gratification versus delayed gratification. Let me say

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Speaker 1: that another way. I would rather carry a plastic bag

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Speaker 1: with five thousand dollars in it and to carry a

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Speaker 1: five thousand dollar Louis Vittom bag with a hundred dollars

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Speaker 1: in it. Right, you think you're winning that eight winning, right,

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Speaker 1: Louis Vittani when the nineties? When an almoney is when

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Speaker 1: a five thousand dollars bag up a plastic bag with

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Speaker 1: five thousand dollars versus five thousand Louis Vitta which is

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Speaker 1: depreciated with hundred dollars in it. Right, I got you,

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Speaker 1: I got Let's just go ahead and make it cleaner. Okay,

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Speaker 1: A plastic a plastic bag with five thousand dollars in

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Speaker 1: that's what value? Do you have a Loui of Time

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Speaker 1: bag with that plastic bag in it? Okay, let's come in,

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Speaker 1: let's gonna make it clean. Gona make a clean dr

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Speaker 1: Fraser that's clean. But that that that because that's what

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Speaker 1: you're dealing right there. You're dealing with a depreciated item

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Speaker 1: versus a valued item. But because we are caught up

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Speaker 1: into esthetics, Oh what I got? Look at what I dry,

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Speaker 1: We'll look at what I wear. But that five thousand

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Speaker 1: in the bank and five thousand invested in the right

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Speaker 1: stock will grow. While that bag that louis via tom bag.

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Speaker 1: It may be flossing, you may make you look good,

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Speaker 1: but it the values every time you take it out

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Speaker 1: the house. That's right, that's right, that's right, that's right.

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Speaker 1: And when you will cover this, when you, when you

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Speaker 1: when we covered the principles of of of of of

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Speaker 1: the seven main streams of income, right, the seven main

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Speaker 1: streams of income, and a black person needs to be

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Speaker 1: doubling their streams of income every single yes, one of

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Speaker 1: the things we teach you the Power Network and conference

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Speaker 1: you to come with the single stream of income. We

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Speaker 1: teach you how to have to to go with two

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Speaker 1: streams have become. We teach you how to have four,

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Speaker 1: to come with four streams have become, we teach you

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Speaker 1: how to have eight. Okay, but there's seven fundamental streams

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Speaker 1: of income. But let me say this first, black people

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Speaker 1: are in an existential crisis. We are in an existentil crisis.

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Speaker 1: Until a black America puts Black America first, Black America

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Speaker 1: will always be last. To be. To be black and

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Speaker 1: beautiful means nothing unless you're black and powerful Okay, why

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Speaker 1: most planting for three generations and we're planning for Saturday night.

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Speaker 1: The goal is to win, not to look like we're winning. Right,

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Speaker 1: It's interesting to me, Rishan that the rich stay rich

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Speaker 1: by pretending to be poor and the poor stay poor

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Speaker 1: by pretending to be What's up with that? Right? Is

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Speaker 1: the mindset. It's the same that the mindset. So we

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Speaker 1: have to fix that mindset. And we will see now

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Speaker 1: just before if you say anything, this is what I heard.

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Speaker 1: The first break was that she normally on my I

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Speaker 1: have a very popular thing I do in my um

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Speaker 1: Facebook on Mondays and Monday morning motivation, and I only

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Speaker 1: do that with my signature. And I don't grab anybody.

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Speaker 1: Don't grab Oprah or Harriet Tubman quote. It's all Roushan,

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Speaker 1: because I would fear them. If you if you're gonna

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Speaker 1: teach somebody, teach it from the knowledge that you have

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Speaker 1: developed or your building. Now that first brick, now you have,

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Speaker 1: you have a conference October fourteenth through the seventeen started

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Speaker 1: on Monday PM in the month of September. Every one

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Speaker 1: of those nuggets that you dropped in my interview with

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Speaker 1: you today, I'm gonna turn them into motivational cards, letting

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Speaker 1: people know who you are and inspiring them and also

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Speaker 1: encouraging the register every Monday started in the month of September.

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Speaker 1: I'm letting you know that, George. I gotta do it

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Speaker 1: for you because what you did. Man, I was listening

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Speaker 1: just just I was like a sponge diving in an ocean. Brother.

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Speaker 1: I said, it's no way, you know, it's no way

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Speaker 1: I can let that knowledge just sit on the podcast

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Speaker 1: and sit on my syndicated radio network. I gotta let

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Speaker 1: this be showcase because people tend to share that information

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Speaker 1: when they see a great quote there, share it, and

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Speaker 1: then I don't know who else may share from them.

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Speaker 1: So I went for the month of September and the

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Speaker 1: PM on Mondays, and I'm gonna let you know when

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Speaker 1: I start, because I'm gonna share it to you. Said. Look,

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Speaker 1: I'm doing it just like I told you. We're gonna

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Speaker 1: promote the fact that your conferences October fourteenths in my

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Speaker 1: hometown of Houston, Texas. Tell us about the Power net Well,

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Speaker 1: the Power Networking Conferences now in its nineteenth year, and

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Speaker 1: we were in Houston last year. We're gonna be in

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Speaker 1: Houston this year. We're gonna be in Houston next year,

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Speaker 1: so we say at least three years in a major

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Speaker 1: urban center like Houston, one of the fifth largest urban

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Speaker 1: centers in America. Now Networking Conference was selected by Forts magazine.

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Speaker 1: That's one of the top five conferences in America not

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Speaker 1: to be missed. Not one of the top five Black conferences,

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Speaker 1: but one of the top five of all conferences produced

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Speaker 1: in this country. Not to be missed. We cover only

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Speaker 1: two subjects for Sean that is business development and wealth

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Speaker 1: of creation. That's what we covered. I'm not concerned for

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Speaker 1: the twenty one century. That's all Nick Rose need to

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Speaker 1: be talking about. The first level of progress of any

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Speaker 1: group is economic progress. Right, and then, as Dr Claude

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Speaker 1: Anderson has taught us all for the last thirty years,

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Speaker 1: you use your economic power, your economic progress right to

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Speaker 1: move to the political level where you use your money

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Speaker 1: to buy rent and least politicians all right to get

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Speaker 1: laws change in your favor. Gask any honest politician, what

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Speaker 1: would they want from you, uh, your vote or your money?

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Speaker 1: An honest politician was they give me your money and

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Speaker 1: I will get your vote. Okay. Took a billion dollars

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Speaker 1: for the Rockham Saint Obama to become president. Where you

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Speaker 1: think he got that money from? And what did they

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Speaker 1: want for the money? Right? They wanted favor, They wanted laws,

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Speaker 1: change regulations, change in their favor as a return on

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Speaker 1: their investment in the political system. That's how it works.

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Speaker 1: It's economics first, That's where we are. That's what we're

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Speaker 1: talking about. How to make you great, how to make

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Speaker 1: you wealthier, how to make you have more successful businesses? Right,

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Speaker 1: and then we provide you the financial education to financial

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Speaker 1: literacy necessary for you to understand the machinations of capitalism

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Speaker 1: and how to leverage that right and how to build

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Speaker 1: your own what I call black wealth check lists. It's

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Speaker 1: real simple. It's finally here the season of celebration. And

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Speaker 1: no matter how you celebrate with family and friends, whether

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Speaker 1: you're preparing for Reis Magos or Karamu lighting the Manura,

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Speaker 1: are going to midnight mass, Coals has just what you

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Speaker 1: need to make those traditions special. Plus you'll find gifts

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Speaker 1: for all your loved ones. Send warm wishes with Cozy

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Speaker 1: flee says sweaters, loungeware, blankets and throws. Support minority owned

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Speaker 1: or founded brands by giving gifts from Human Nation and

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Speaker 1: shame moisture, or treat them to everyone's favorite activewear from

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Speaker 1: top brands like Nike, Adidas, and under Armor. And in

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Speaker 1: the spirit of giving, Coals Cares is donating eight million

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Speaker 1: dollars to local nonprofits nationwide committed to the health and

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Speaker 1: well being of our communities. No matter how you celebrate,

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Speaker 1: when you shop at Coals, you're right where you belong.

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Speaker 1: So this season, give with all your heart with great

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Speaker 1: gifts from Coals or coals dot com. Whether your event

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Speaker 1: needed one room or an entire conference under Hoppin has

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Speaker 1: revolutionized the way people come together. With hoppin, you can

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Speaker 1: host a fully fledged digital meet up, complete with one

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Speaker 1: because everything is hosted in a single, easy to use platform,

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Speaker 1: it can be as big or small as you want,

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Speaker 1: remain convenient for anyone who wants to attend, and give

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Speaker 1: Visit hopin dot com to learn more and get started.

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Speaker 1: Still living in manually taking notes start the new year

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Speaker 1: or lectures. With auto dot ai, you can search the

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Speaker 1: meeting notes insert images, play back the audio and share

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Speaker 1: That's O T T E R dot ai A black

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Speaker 1: wealth check lists. What is it? Dr phrase? So well

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Speaker 1: simple tomorrow depositive hundred dollars, Just a hundred dollars into

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Speaker 1: a high interest savings account. Okay, because money attracts money.

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Speaker 1: If you don't, you don't have a high interest save

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Speaker 1: its account to school, put a hundred dollars in and

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Speaker 1: watch the magnet. The magnetism of you investing that hundred

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Speaker 1: dollars in the savings account is calling for more money

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Speaker 1: and you're and that's going to seed you to have

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Speaker 1: better saving habits and some one number two by five

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Speaker 1: shares of stocks from a brokerage account. Okay, Uh, we

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Speaker 1: black people on a percentage basis, UH have the lowest

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Speaker 1: number of people in our community investing in stocks and

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Speaker 1: bonds and mutual punts. All kinds of studies have been

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Speaker 1: done on that. Now you said, well, Dr Prigione, what

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Speaker 1: stops should that buy? Well, whatever you eat, whatever shoes

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Speaker 1: you wear, you wear nikees by some Nike stock, you

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Speaker 1: eat McDonald's by some McDonald's stock, whatever you're using by

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Speaker 1: the stockpot people, right, and made no better time right

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Speaker 1: now than to buy some stock. So we were putting

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Speaker 1: together your black wellf list. Now in a four oh

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Speaker 1: one cake if you don't already have one or four

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Speaker 1: one three B or an I R A, and prior

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Speaker 1: to calculate how to retire with a million dollars by

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Speaker 1: time you're the age sixty, and ask your employer to

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Speaker 1: match what you put in. Most employees will do that.

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Speaker 1: Just started, if you haven't already started. Now, maybe you've

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Speaker 1: already started something like that. All right, figure out how

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Speaker 1: much you're going to have to continue to put in

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Speaker 1: over one period of times that you will have at

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Speaker 1: least a million dollars by time you are sixty or

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Speaker 1: ready to retire. Now, another thing, I don't have to

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Speaker 1: I don't want to tell you that we've got bad credit,

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Speaker 1: all right, So who your credit? The court brothers and sisters,

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Speaker 1: and plan on how to raise your score at least

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Speaker 1: by twenty points every six months, all right, until you

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Speaker 1: get over seven right, because we know that the lower

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Speaker 1: your credit score is anything you buy, uh, you're going

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Speaker 1: to pay the highest into strates on the planet, whether

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Speaker 1: it's your credit cards, whether you're buying a new own whatever,

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Speaker 1: while you're buying a new car. You want to get

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Speaker 1: your credit right right, and it may take you a

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Speaker 1: year or two, but that's going to save you more

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Speaker 1: money over the long haul than almost any single thing

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Speaker 1: that you can do. Now. Number number six building a

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Speaker 1: black welt a checklist here, okay, checklist. I want you,

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Speaker 1: brothers and sisters who are listening, I want you to

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Speaker 1: pay about fifty dollars above your minimum or your credit

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Speaker 1: cards and your student loans. That means that you can

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Speaker 1: reduce the payoff period when you do this by at

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Speaker 1: least twenty five. There you go. That's right. There you go,

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Speaker 1: There you go. There you got it. You got it.

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Speaker 1: That's right. So that's so this is now number six.

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Speaker 1: Research turn and whole life insurance and decide what's best

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Speaker 1: for you to get a brother of systems in the

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Speaker 1: insurance businesses, which one of the four pillars, but the

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Speaker 1: intergenerational transfer of wealth propero a good man leads an

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Speaker 1: inherence to his children's children. One of the four pillars

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Speaker 1: for Sean is proper insurance cent of call. Wealth is

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Speaker 1: transferred through tactical and strategic placement of proper insurance than

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Speaker 1: New York Times that have major article on black people

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Speaker 1: in their cell phones, and what they discovered about us

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Speaker 1: is that there were more black people had insurance on

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Speaker 1: their cell phones than on their lives or the lives

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Speaker 1: of their children by a factor of kinds. So we

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Speaker 1: value our cell phones and where they we value our lives.

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Speaker 1: Get properly insured so that you can transfer your wealth

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Speaker 1: when it's time tax free using insurance strategies. Very very important.

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Speaker 1: Now Number seven, open a rough I R A for

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Speaker 1: your child. Out will open a five twenty nine college

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Speaker 1: plan for your child so it can be used to

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Speaker 1: pay for college if you want to, or you can

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Speaker 1: use it to pay for trade school or community college. Right,

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00:25:11,160 --> 00:25:14,879
Speaker 1: put some money away for your child's education. Open it

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Speaker 1: up now. If you have not done that, I'm down

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Speaker 1: to the last two gift a US Treasury bond, two

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Speaker 1: new babies in your family. And well we were growing up,

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Speaker 1: says right, that's right. Was urs brought that for you

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Speaker 1: using I don't know, right, that's right, that's right. It

428
00:25:43,400 --> 00:25:47,760
Speaker 1: worked then and it still works all right A dollar

429
00:25:47,840 --> 00:25:50,680
Speaker 1: Now what I did for my grand my two granddaughters

430
00:25:50,840 --> 00:25:54,639
Speaker 1: to three granddaughters, had two beautiful signs blessed me with

431
00:25:54,720 --> 00:25:59,280
Speaker 1: three beautiful granddaughters the moment they were born, Rashawn, I

432
00:25:59,520 --> 00:26:05,359
Speaker 1: perchase them and index universal life policy right and oor gene,

433
00:26:05,440 --> 00:26:08,320
Speaker 1: and I pay for those policies every month. It costs

434
00:26:08,400 --> 00:26:12,040
Speaker 1: us about sixty dollars a month. But each of our

435
00:26:12,160 --> 00:26:16,040
Speaker 1: grandchildren and by time they retire, this is the God's

436
00:26:16,080 --> 00:26:19,159
Speaker 1: honest truth. There is no height, no exaggeration. By time

437
00:26:19,400 --> 00:26:22,639
Speaker 1: although my three grand daughters retired, they will have five

438
00:26:23,119 --> 00:26:31,680
Speaker 1: million dollars available to them tax free. The truth. Okay, absolutely,

439
00:26:31,760 --> 00:26:34,880
Speaker 1: So that's another thing. So either either give give your

440
00:26:34,880 --> 00:26:39,320
Speaker 1: grandchildren uh savings bomb, but give them something and let

441
00:26:39,400 --> 00:26:41,800
Speaker 1: them know that it's there. Right that can begin to

442
00:26:42,040 --> 00:26:46,359
Speaker 1: seed their their their desire to want to see it growing,

443
00:26:46,560 --> 00:26:50,080
Speaker 1: desire to save, and desire to invest in, and and

444
00:26:50,080 --> 00:26:54,159
Speaker 1: and and finally start every year you should start a

445
00:26:54,359 --> 00:26:57,760
Speaker 1: new stream of income. There should not be a negro

446
00:26:58,040 --> 00:27:01,320
Speaker 1: in America with the single stream of income. Hopefully, Brothers,

447
00:27:01,359 --> 00:27:05,920
Speaker 1: and sisters, you have learned that since COVID nineteen. Okay, absolutely,

448
00:27:05,960 --> 00:27:09,600
Speaker 1: should you be doing COVID nineteen. You should be skilling up.

449
00:27:10,040 --> 00:27:12,600
Speaker 1: That's what you should be doing. You should be skilling up.

450
00:27:12,680 --> 00:27:16,560
Speaker 1: You should be learning new strategies and practicks around investment.

451
00:27:16,640 --> 00:27:20,560
Speaker 1: That's what we teach at the Power Networking conference. Most importantly,

452
00:27:20,560 --> 00:27:23,560
Speaker 1: we teach what we call the seven income streams. There's

453
00:27:23,640 --> 00:27:26,600
Speaker 1: seven fundamental income streets. Now you can have seen there

454
00:27:26,640 --> 00:27:30,480
Speaker 1: four different registration platforms, right, there's four different that's the

455
00:27:30,520 --> 00:27:35,200
Speaker 1: regular registration, the student registration, their VP registration, and the

456
00:27:35,440 --> 00:27:39,280
Speaker 1: Ultra VARp registration. This is all going down October fourteenth

457
00:27:39,320 --> 00:27:43,480
Speaker 1: through the seventeen in Houston, Texas, my hometown. That's right,

458
00:27:43,680 --> 00:27:49,560
Speaker 1: that's right. Absolutely. Um So, if we have three minutes,

459
00:27:49,600 --> 00:27:52,119
Speaker 1: I can tell do you think I want to I

460
00:27:52,160 --> 00:27:55,320
Speaker 1: wanted to say this at additional uh no glow to it.

461
00:27:55,600 --> 00:27:58,240
Speaker 1: You meet up with fifty plus global network or black

462
00:27:58,359 --> 00:28:01,639
Speaker 1: overachievers ready to share the wealth of knowledge with you.

463
00:28:01,640 --> 00:28:05,240
Speaker 1: You meet millionaires, protect your partners, investors, and to build

464
00:28:05,240 --> 00:28:08,800
Speaker 1: your network and their workshop speakers as well. So I

465
00:28:08,840 --> 00:28:11,639
Speaker 1: just want to let everybody know there are nuggets you know,

466
00:28:11,880 --> 00:28:14,840
Speaker 1: the divisionary behind all this is Dr George Fraser. But

467
00:28:15,119 --> 00:28:19,199
Speaker 1: the conference works because of the gems that you're able to,

468
00:28:19,240 --> 00:28:21,919
Speaker 1: the relationships you're able to build, and the ability to

469
00:28:22,000 --> 00:28:24,399
Speaker 1: understand that you are not alone in this quest to

470
00:28:24,480 --> 00:28:27,919
Speaker 1: be great, especially I for your African descent. You're turned there.

471
00:28:28,000 --> 00:28:29,639
Speaker 1: Dr Fraser. I just let you know how you know,

472
00:28:29,680 --> 00:28:31,560
Speaker 1: I love your braind I'm gonna let me just promote

473
00:28:31,560 --> 00:28:33,919
Speaker 1: it just a little bit for you, That's all. I

474
00:28:34,000 --> 00:28:36,720
Speaker 1: love you, God bless you. It's always better with Sean.

475
00:28:36,800 --> 00:28:41,120
Speaker 1: You know, it's always better with someone you say. It

476
00:28:41,280 --> 00:28:43,720
Speaker 1: really does the team self serving. But I love you

477
00:28:43,760 --> 00:28:45,960
Speaker 1: for that. Thank you so much. I just went through

478
00:28:45,960 --> 00:28:48,320
Speaker 1: a little short list on how to get well. Now

479
00:28:48,400 --> 00:28:50,200
Speaker 1: let's go through a real short list on how to

480
00:28:50,240 --> 00:28:53,320
Speaker 1: give the wealth right? How to give well? Because we're

481
00:28:53,600 --> 00:28:56,920
Speaker 1: all the ground is spiritually rooted people, and we know

482
00:28:57,000 --> 00:29:00,680
Speaker 1: that much has given uh much as affected and much

483
00:29:00,680 --> 00:29:03,160
Speaker 1: as you require. How do you give wealth? Buy from

484
00:29:03,160 --> 00:29:06,520
Speaker 1: a black owned business, right dying at a black owned restaurant.

485
00:29:06,760 --> 00:29:09,520
Speaker 1: Get your nails and hair done at a black salon.

486
00:29:09,880 --> 00:29:13,760
Speaker 1: How your black dentist for your events? Okay, buy your

487
00:29:13,840 --> 00:29:17,040
Speaker 1: hair products from a black owned business by you buy

488
00:29:17,160 --> 00:29:19,720
Speaker 1: from a black author. Some brother assisters has written a

489
00:29:19,720 --> 00:29:22,400
Speaker 1: book by the damn book all right, buy from your

490
00:29:22,480 --> 00:29:26,440
Speaker 1: friends business, why not? Right? Tied to the Black church,

491
00:29:26,680 --> 00:29:29,960
Speaker 1: volunteer at a black lead nonprofit. Tell a black man

492
00:29:30,040 --> 00:29:32,360
Speaker 1: that you're proud of them. Tell a black child that

493
00:29:32,440 --> 00:29:35,240
Speaker 1: they're destined for greatness. Tell a black woman she is

494
00:29:35,320 --> 00:29:37,920
Speaker 1: necessary and donate to it as started with a black

495
00:29:37,960 --> 00:29:41,280
Speaker 1: college and university. That's how you give wealth. But you

496
00:29:41,400 --> 00:29:45,360
Speaker 1: do it all within the context of your ability to

497
00:29:45,440 --> 00:29:49,520
Speaker 1: give right absolutely so that so that's how you give wealth.

498
00:29:49,560 --> 00:29:51,720
Speaker 1: Now you know how to get wealth. That's a short

499
00:29:51,880 --> 00:29:54,960
Speaker 1: check this on each one of those things. Each year

500
00:29:55,080 --> 00:29:57,600
Speaker 1: you can you can write, write this down when you

501
00:29:57,640 --> 00:30:00,840
Speaker 1: when you hear this recording, stop it and then write

502
00:30:00,880 --> 00:30:03,080
Speaker 1: it down. You can check and play it back. There

503
00:30:03,080 --> 00:30:05,280
Speaker 1: you go, there, you can play it back right now.

504
00:30:05,360 --> 00:30:09,320
Speaker 1: Seven streams of income you should have you in your lifetime,

505
00:30:09,600 --> 00:30:14,440
Speaker 1: you should be able to accumulate wealth using at least

506
00:30:14,560 --> 00:30:16,920
Speaker 1: four of these streams. What what is the first stream

507
00:30:16,960 --> 00:30:20,520
Speaker 1: of income? Earned income? That's income from working from a job.

508
00:30:20,720 --> 00:30:22,960
Speaker 1: But you can actually earn two streams of income from

509
00:30:22,960 --> 00:30:26,120
Speaker 1: working from a job if you're working two different jobs. Okay,

510
00:30:26,320 --> 00:30:30,480
Speaker 1: that's that's number one. There's profit income income from buying

511
00:30:30,680 --> 00:30:33,800
Speaker 1: and selling stuff in America. Two things are going on

512
00:30:34,480 --> 00:30:38,240
Speaker 1: seven somebody finding, somebody selling. We're doing all the dam buying.

513
00:30:38,280 --> 00:30:41,040
Speaker 1: We are the consumption class. They are the merchant class.

514
00:30:41,240 --> 00:30:45,000
Speaker 1: They make stuff, We buy stuff. Stop that. Brothers and sisters, right,

515
00:30:45,160 --> 00:30:46,800
Speaker 1: if you may put these, put them in a box,

516
00:30:46,840 --> 00:30:49,080
Speaker 1: put put your name on it, and sell it to somebody.

517
00:30:49,120 --> 00:30:51,800
Speaker 1: If you live on a farm, take the manure, put

518
00:30:51,800 --> 00:30:54,040
Speaker 1: it in a bag, put your name on it, and

519
00:30:54,160 --> 00:30:57,160
Speaker 1: sell it to somebody. You could become an entree manure.

520
00:30:57,200 --> 00:31:00,880
Speaker 1: But stop doing all the damn buying and do some selling.

521
00:31:00,920 --> 00:31:05,600
Speaker 1: That's profit income. Third is interest income income from lending money.

522
00:31:05,640 --> 00:31:09,840
Speaker 1: Forth is dividend income income from owning stocks and bonds

523
00:31:09,880 --> 00:31:15,200
Speaker 1: and muted mutual funds UH. The fifth one is rental income.

524
00:31:15,320 --> 00:31:19,480
Speaker 1: I made my first fortune income from renting a house.

525
00:31:19,680 --> 00:31:21,840
Speaker 1: I had seven of them. There were two and three

526
00:31:22,120 --> 00:31:26,240
Speaker 1: family homes on one block in the inner city of Cleveland, Ohio,

527
00:31:26,640 --> 00:31:29,320
Speaker 1: back in the day, in the seventies. I made a fortune.

528
00:31:30,080 --> 00:31:32,520
Speaker 1: Depends on the dollar kept from for ten of fifteen

529
00:31:32,600 --> 00:31:35,800
Speaker 1: years tournament to Section eight. But first class that should

530
00:31:35,800 --> 00:31:38,160
Speaker 1: aid and made a fortune and then sold them back

531
00:31:38,280 --> 00:31:41,760
Speaker 1: to the renters. Number six is capital gain assets from

532
00:31:41,800 --> 00:31:45,360
Speaker 1: increasing and value. Not the Louis vicombat because it doesn't

533
00:31:45,400 --> 00:31:48,160
Speaker 1: increase in value. Value. Not the car that you just

534
00:31:48,240 --> 00:31:50,600
Speaker 1: both brought. Because if you bought a car and you

535
00:31:50,720 --> 00:31:52,960
Speaker 1: turned around to sell it back to the dealer, you

536
00:31:53,360 --> 00:31:55,160
Speaker 1: will not pay you what you just bought it for

537
00:31:55,440 --> 00:31:58,480
Speaker 1: the same thing with diamonds. Okay, buy some diamonds and

538
00:31:58,520 --> 00:32:00,560
Speaker 1: then go back to the same store, try to sell

539
00:32:00,600 --> 00:32:02,640
Speaker 1: them the next day and see what you get for it.

540
00:32:02,680 --> 00:32:05,200
Speaker 1: All right, So you want you want assets that are

541
00:32:05,280 --> 00:32:08,920
Speaker 1: increasing in value. That's capital games and finally, royalty income.

542
00:32:09,200 --> 00:32:13,680
Speaker 1: That's income from others you're using your ideas, whether it's books,

543
00:32:13,680 --> 00:32:18,360
Speaker 1: whether it's music, whether it's UH online webinars, that kind

544
00:32:18,400 --> 00:32:23,280
Speaker 1: of thing. My man, I appreciate you. You know, this

545
00:32:23,360 --> 00:32:27,080
Speaker 1: is a journey of knowledge, journey of information. Start in September.

546
00:32:27,160 --> 00:32:29,400
Speaker 1: You'll be able to hear some of these amazing quotes.

547
00:32:29,440 --> 00:32:32,360
Speaker 1: See some of these amazing quotes on motivational cards. I'll

548
00:32:32,400 --> 00:32:35,040
Speaker 1: be posting on my average Sean McDonald I got over

549
00:32:35,200 --> 00:32:38,760
Speaker 1: eight hundred thousand followers, So his message will be sold,

550
00:32:39,000 --> 00:32:42,360
Speaker 1: his message will be branded and will be driving everybody

551
00:32:42,400 --> 00:32:46,000
Speaker 1: to the October fourteenth through the seventeenth in Houston, Texas

552
00:32:46,200 --> 00:32:50,040
Speaker 1: for the Power Networking Conference again. Eighteen years going strong,

553
00:32:50,120 --> 00:32:52,600
Speaker 1: going into number and eighteen. We're gonna do it again

554
00:32:52,640 --> 00:32:56,320
Speaker 1: in twenty Dr Ju Power Networking Conference dot Com. You

555
00:32:56,360 --> 00:32:58,640
Speaker 1: haven't go to Power Networking Conference dot com. You can

556
00:32:59,000 --> 00:33:01,080
Speaker 1: find out everything you want to know about the conference

557
00:33:01,120 --> 00:33:05,360
Speaker 1: www dot Power Networking Conference dot Com. Appreciate your brother.

558
00:33:05,400 --> 00:33:07,800
Speaker 1: We talked soon, okay, and you will hear from you soon.

559
00:33:08,360 --> 00:33:10,600
Speaker 1: And plus I got to bring you back the last

560
00:33:10,640 --> 00:33:13,240
Speaker 1: week in September so we can drive their last bit

561
00:33:13,240 --> 00:33:15,360
Speaker 1: of people to the conference. You know you gotta come back.

562
00:33:15,360 --> 00:33:17,360
Speaker 1: Come on now, you're a lot of talking about it

563
00:33:17,400 --> 00:33:20,840
Speaker 1: because because you don't believe what you're not gonna believe

564
00:33:20,880 --> 00:33:23,880
Speaker 1: what I'm gonna do. I'm about to blast you Georg,

565
00:33:24,280 --> 00:33:27,880
Speaker 1: Dr Geog, Thank God, bless love you, Bye bye, love

566
00:33:27,920 --> 00:33:33,000
Speaker 1: you man, keep doing God's work. Wow. If you want

567
00:33:33,000 --> 00:33:36,080
Speaker 1: to hear more interviews, all the interviews about money Making Conversations,

568
00:33:36,080 --> 00:33:38,360
Speaker 1: please go to Money Making Conversation dot com. UM with

569
00:33:38,440 --> 00:33:50,200
Speaker 1: Sean McDonald. I'm your host in this season of giving

570
00:33:50,400 --> 00:33:53,200
Speaker 1: Cools has gifts for all your loved ones For those

571
00:33:53,200 --> 00:33:56,680
Speaker 1: who like to keep it cozy, find fleeces, sweaters, loungeware,

572
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Speaker 1: blankets and throws, or support minority owned or found did

573
00:34:00,200 --> 00:34:03,640
Speaker 1: brands by giving gifts from Human Nation and Shame Moisture

574
00:34:04,000 --> 00:34:07,200
Speaker 1: and in the spirit of giving, Coals Cares is donating

575
00:34:07,240 --> 00:34:11,440
Speaker 1: eight million dollars to local nonprofits nationwide. Give with all

576
00:34:11,480 --> 00:34:14,120
Speaker 1: your heart this season with great gifts from Coals or

577
00:34:14,200 --> 00:34:18,359
Speaker 1: coals dot Com. Still living in manually taking notes, there

578
00:34:18,400 --> 00:34:19,960
Speaker 1: is a better way to start the new year with

579
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Speaker 1: auto dot ai automatically get meeting notes. Auto dot ai

580
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581
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582
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Speaker 1: the app stores auto dot ai. That's O T, T

583
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Speaker 1: E R. Dot Ai. Whether it's a four course sit

584
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Speaker 1: down dinner where a line starts in the kitchen buffet,

585
00:34:39,680 --> 00:34:41,879
Speaker 1: there's one thing you'll find at the center of it all.

586
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