1 00:00:00,040 --> 00:00:03,560 Speaker 1: A lot of artists have issues IRS, so that accountant 2 00:00:03,640 --> 00:00:05,880 Speaker 1: might have taken advantage of them or business manager. 3 00:00:05,920 --> 00:00:06,600 Speaker 2: You ever have any. 4 00:00:06,440 --> 00:00:10,119 Speaker 3: Issues, No, I I had them type I ain't had 5 00:00:10,160 --> 00:00:13,960 Speaker 3: them type of issues, but I did have I didn't 6 00:00:13,960 --> 00:00:16,520 Speaker 3: have them type of issues were it affected me, But 7 00:00:16,560 --> 00:00:17,280 Speaker 3: I did have. 8 00:00:17,200 --> 00:00:20,239 Speaker 2: A I call it, I want to call it. I 9 00:00:20,360 --> 00:00:22,360 Speaker 2: called it a lack of. 10 00:00:22,280 --> 00:00:26,480 Speaker 3: Information in the beginning when it came to that, when 11 00:00:26,520 --> 00:00:29,440 Speaker 3: it came to that area, you know, unfortunately for me, 12 00:00:29,560 --> 00:00:34,279 Speaker 3: because you know, I'm good with my money, I'm good 13 00:00:34,320 --> 00:00:36,640 Speaker 3: with saving money, I'm good with keeping money. That even 14 00:00:36,640 --> 00:00:39,320 Speaker 3: when I learned the information, I was in position to 15 00:00:39,440 --> 00:00:40,599 Speaker 3: handle it, you know what I mean. 16 00:00:40,640 --> 00:00:43,919 Speaker 2: Because we grew up. We grew up. I grew up. 17 00:00:45,800 --> 00:00:48,559 Speaker 3: Maybe they should teach this in school too, because I 18 00:00:48,600 --> 00:00:51,440 Speaker 3: grew up thinking when you when we heard taxes, my 19 00:00:51,560 --> 00:00:54,200 Speaker 3: mom and them got tax money. That's when we got 20 00:00:54,240 --> 00:00:57,360 Speaker 3: new Jordans, we got new outfits, we got new joints. 21 00:00:57,880 --> 00:01:01,080 Speaker 3: It was a celebration when it was tax time. Waiting 22 00:01:01,120 --> 00:01:03,840 Speaker 3: on tax time. That was better than Christmas, you know 23 00:01:03,880 --> 00:01:07,360 Speaker 3: what I'm saying. So I didn't know, you know, even 24 00:01:07,400 --> 00:01:10,080 Speaker 3: in my early stages to getting money, I didn't know 25 00:01:10,120 --> 00:01:12,920 Speaker 3: we had to pay. So it ain't that I didn't 26 00:01:12,920 --> 00:01:15,520 Speaker 3: want to pay or that I wentn't pay. I didn't 27 00:01:15,520 --> 00:01:19,039 Speaker 3: know because a lack of information. They ain't teach me 28 00:01:19,040 --> 00:01:22,080 Speaker 3: that in school, you know what I'm saying. Nobody taught 29 00:01:22,120 --> 00:01:24,199 Speaker 3: me that in school. When I opened up my bank 30 00:01:24,240 --> 00:01:26,520 Speaker 3: and started putting big chicks in the bank, my bank 31 00:01:26,520 --> 00:01:29,080 Speaker 3: couldn't tell me I had to pay taxes. I didn't 32 00:01:29,120 --> 00:01:32,320 Speaker 3: have a CPA in the beginning, so I didn't know that, right. 33 00:01:32,400 --> 00:01:37,720 Speaker 3: So for me, I was buying real estate early, right, 34 00:01:38,440 --> 00:01:41,600 Speaker 3: and I just happened to get a letter they say like, Yo, 35 00:01:41,680 --> 00:01:44,160 Speaker 3: we're gonna what they called it, like seize your property if. 36 00:01:44,080 --> 00:01:44,720 Speaker 2: You donna pay this. 37 00:01:44,840 --> 00:01:47,520 Speaker 3: And I didn't even know you had to pay property 38 00:01:47,600 --> 00:01:50,000 Speaker 3: taxes on a house that you had paid cash. 39 00:01:50,080 --> 00:01:51,400 Speaker 2: Yeah, keep it. 40 00:01:51,360 --> 00:01:53,840 Speaker 3: Mand at this At this time, Brian, I got ten 41 00:01:53,840 --> 00:01:57,120 Speaker 3: to fifteen houses I didn't pay cash for that I 42 00:01:57,160 --> 00:01:59,640 Speaker 3: done had for four or five years that I never 43 00:01:59,640 --> 00:02:01,960 Speaker 3: paid property taxes on because I didn't know. 44 00:02:02,200 --> 00:02:04,400 Speaker 2: For five years. Yeah, I didn't know. 45 00:02:04,480 --> 00:02:06,320 Speaker 3: So it's just so happened that I get a letter 46 00:02:06,920 --> 00:02:09,120 Speaker 3: and the mail telling me that they won't They're gonna 47 00:02:09,160 --> 00:02:12,120 Speaker 3: seize the properties if I don't pay these property taxes. 48 00:02:12,120 --> 00:02:13,840 Speaker 3: And I get a letter about this, but I you 49 00:02:13,880 --> 00:02:17,160 Speaker 3: know what I'm saying, So I hit my lawyer at 50 00:02:17,160 --> 00:02:18,880 Speaker 3: the time that wasn't even a tax lawyer. 51 00:02:19,240 --> 00:02:23,160 Speaker 2: He's just you know, he's a criminal lawyer. Lawyer. I know, 52 00:02:23,160 --> 00:02:24,960 Speaker 2: I'm backing the year, you know what I'm saying. 53 00:02:25,560 --> 00:02:27,200 Speaker 3: So I hear him like, yo, look me, I need 54 00:02:27,240 --> 00:02:31,440 Speaker 3: to seeing these papers. And he sent me to a 55 00:02:31,480 --> 00:02:34,399 Speaker 3: tax lawyer and a CPA, you know what I mean. 56 00:02:34,520 --> 00:02:37,720 Speaker 3: And uh, And I sit down with him and they 57 00:02:38,000 --> 00:02:39,200 Speaker 3: pretty much put me on game. 58 00:02:39,240 --> 00:02:41,040 Speaker 2: You know what I'm saying, Like this, how this worked? 59 00:02:41,080 --> 00:02:42,799 Speaker 2: Just how this goal? You know what I mean? Go 60 00:02:42,800 --> 00:02:46,120 Speaker 2: get your statements, look at everything together. It's with yours. 61 00:02:46,280 --> 00:02:49,440 Speaker 2: Just how to go. Luckily for you, you had, you 62 00:02:49,480 --> 00:02:51,760 Speaker 2: had money, I had the paper to handle it. But 63 00:02:52,280 --> 00:02:58,600 Speaker 2: I think I think I do think that's a thing though, 64 00:02:58,880 --> 00:02:59,360 Speaker 2: because I do. 65 00:02:59,480 --> 00:03:02,239 Speaker 3: I do think that's a thing where depending on where 66 00:03:02,240 --> 00:03:05,160 Speaker 3: you how you grow up, you may not even know 67 00:03:05,680 --> 00:03:07,840 Speaker 3: that exists. And then you ain't good with the paper, 68 00:03:08,120 --> 00:03:10,600 Speaker 3: and by the time it comes to your front doorstep, 69 00:03:11,600 --> 00:03:12,480 Speaker 3: you ain't in position. 70 00:03:13,440 --> 00:03:15,440 Speaker 2: You and the hole from there you and you deep 71 00:03:15,480 --> 00:03:18,160 Speaker 2: in the whole. So one of the things I do. 72 00:03:18,840 --> 00:03:20,320 Speaker 2: You know, one of the things I. 73 00:03:20,280 --> 00:03:22,840 Speaker 3: Do, we make sure we tell the artist that first 74 00:03:22,840 --> 00:03:25,000 Speaker 3: time we get your dollar. You know what I'm saying, 75 00:03:25,120 --> 00:03:27,720 Speaker 3: we give you money, yo, make sure you're doing this, 76 00:03:28,000 --> 00:03:30,240 Speaker 3: and we even advise certain thing makes you get you 77 00:03:30,240 --> 00:03:30,760 Speaker 3: a CPA. 78 00:03:31,080 --> 00:03:31,880 Speaker 2: Make sure you get you this. 79 00:03:31,960 --> 00:03:34,080 Speaker 1: Make sure do you set them up with one or 80 00:03:34,920 --> 00:03:36,800 Speaker 1: you have to give them a CPA. 81 00:03:36,520 --> 00:03:37,560 Speaker 2: To no, no, no, no. 82 00:03:37,640 --> 00:03:40,240 Speaker 3: I don't ever want to give an artist nothing like 83 00:03:40,280 --> 00:03:41,640 Speaker 3: that because I don't never want to be. 84 00:03:41,680 --> 00:03:44,360 Speaker 2: Like, oh, that's your people. 85 00:03:45,160 --> 00:03:46,920 Speaker 3: You know what I'm saying, show people and the money 86 00:03:46,960 --> 00:03:48,800 Speaker 3: ain't right and I ain't doing that. 87 00:03:49,120 --> 00:03:51,480 Speaker 2: I wonder. I mean, I'm giving you the information like, yo. 88 00:03:51,720 --> 00:03:53,480 Speaker 3: You need this, you need that, you need this, and 89 00:03:53,480 --> 00:03:56,160 Speaker 3: this's why. And I'm giving them the example the same 90 00:03:56,200 --> 00:03:57,120 Speaker 3: thing I just told y'all. 91 00:03:57,120 --> 00:03:58,000 Speaker 2: Man, this wi happened to me. 92 00:03:58,760 --> 00:04:00,160 Speaker 3: You know what I'm saying, I ain't knowing you know, 93 00:04:00,920 --> 00:04:03,320 Speaker 3: it's what happens. So make sure this don't happen to you. 94 00:04:03,520 --> 00:04:05,600 Speaker 1: Yah. Me just asking my follow So we have our 95 00:04:05,680 --> 00:04:08,440 Speaker 1: friend who's an executive at a label, and he brought 96 00:04:08,440 --> 00:04:11,480 Speaker 1: the idea where you know, in the NBA, in the NFL, 97 00:04:11,520 --> 00:04:13,960 Speaker 1: they have like the Rookie Symposium when you get drafted, 98 00:04:14,040 --> 00:04:17,200 Speaker 1: Like all of the rookies come to like Vegas for 99 00:04:17,240 --> 00:04:19,240 Speaker 1: like the weekend, and they give them all different types 100 00:04:19,240 --> 00:04:20,800 Speaker 1: of lessons, and like one of the lessons like they 101 00:04:20,800 --> 00:04:23,120 Speaker 1: get like a financial advisors to like educate them. A 102 00:04:23,160 --> 00:04:25,000 Speaker 1: lot of people don't listen, but at least they got 103 00:04:25,000 --> 00:04:27,080 Speaker 1: like boot camp. So he was saying that they should 104 00:04:27,120 --> 00:04:30,600 Speaker 1: have like a symposium for all like artists. I think 105 00:04:30,600 --> 00:04:32,479 Speaker 1: when you first get a record deal, like you got 106 00:04:32,520 --> 00:04:35,000 Speaker 1: to go through this, at least you can say that 107 00:04:35,040 --> 00:04:37,840 Speaker 1: you wasn't you didn't know, Like I mean, like now 108 00:04:37,960 --> 00:04:40,920 Speaker 1: you make a conscious decision not to pay taxes, that's 109 00:04:40,960 --> 00:04:42,640 Speaker 1: on you. But it's like, you know, like you say, 110 00:04:42,680 --> 00:04:44,840 Speaker 1: you're taking a kid eighteen seventeen years old. I never 111 00:04:44,839 --> 00:04:47,360 Speaker 1: really even had a job. Yeah, and you know how 112 00:04:47,440 --> 00:04:49,760 Speaker 1: you really expect him to know about handling all of this? 113 00:04:49,839 --> 00:04:51,760 Speaker 1: And so what's your thoughts on on that idea? 114 00:04:51,880 --> 00:04:53,240 Speaker 2: No, I agree with that. I agree with that. I 115 00:04:53,240 --> 00:04:53,800 Speaker 2: actually was. 116 00:04:54,680 --> 00:04:58,159 Speaker 3: I actually was talking to a man somebody I know 117 00:04:58,200 --> 00:05:01,440 Speaker 3: they do management, and he was telling me that they 118 00:05:01,480 --> 00:05:05,680 Speaker 3: don't even take clients unless part of their contract is 119 00:05:06,320 --> 00:05:09,200 Speaker 3: you have to have a CPA for them to even 120 00:05:09,200 --> 00:05:11,960 Speaker 3: do business with you, Like we're not even doing straight 121 00:05:12,040 --> 00:05:14,200 Speaker 3: up business with just us and you when they come 122 00:05:14,240 --> 00:05:16,400 Speaker 3: to financial like, we want to deal with your CPA, 123 00:05:16,480 --> 00:05:20,400 Speaker 3: so it's always clean and straight up from the beginning. 124 00:05:20,440 --> 00:05:20,840 Speaker 2: That's summer. 125 00:05:20,839 --> 00:05:24,360 Speaker 3: I actually may start implicating in my contracts, you know 126 00:05:24,400 --> 00:05:27,000 Speaker 3: what I'm saying, because I think it's important. I just think, 127 00:05:27,040 --> 00:05:34,640 Speaker 3: like you know, I do none music related jobs for 128 00:05:34,800 --> 00:05:37,560 Speaker 3: my artists now, I mean like stuff like that we 129 00:05:37,640 --> 00:05:40,000 Speaker 3: talk about to help them do whatever it is. If 130 00:05:40,000 --> 00:05:41,479 Speaker 3: you're trying to buy a house or call like we 131 00:05:41,600 --> 00:05:45,560 Speaker 3: involved in anything you allow us to be involved in. 132 00:05:46,520 --> 00:05:49,080 Speaker 3: You know what I'm saying, because we look at you 133 00:05:49,080 --> 00:05:50,680 Speaker 3: as family and we don't want you to do it wrong. 134 00:05:50,880 --> 00:05:53,200 Speaker 3: We want you to pay more because you didn't have 135 00:05:53,240 --> 00:05:55,679 Speaker 3: the right information to do it. We don't want nobody 136 00:05:55,680 --> 00:05:57,120 Speaker 3: to scam you. You know what I'm saying. We don't 137 00:05:57,160 --> 00:06:00,359 Speaker 3: want you to run into these hurdles that we probably 138 00:06:00,440 --> 00:06:03,560 Speaker 3: already ran through. We already paid for the mistakes, so 139 00:06:04,040 --> 00:06:07,320 Speaker 3: we don't try to bypass you past those mistakes. So 140 00:06:07,520 --> 00:06:10,279 Speaker 3: I work with all my artists on stuff like that. 141 00:06:10,360 --> 00:06:13,920 Speaker 3: It's none marriage related that ain't no nothing, not how 142 00:06:14,040 --> 00:06:17,200 Speaker 3: older do in my contract. That's just like from the 143 00:06:17,360 --> 00:06:19,240 Speaker 3: you know, the goodness of our heart. I want to see, 144 00:06:19,800 --> 00:06:22,719 Speaker 3: you know, our family do it the right way. So 145 00:06:22,920 --> 00:06:26,280 Speaker 3: I do think if they was putting it, you know 146 00:06:26,520 --> 00:06:29,200 Speaker 3: in the record labels a part of the structures or 147 00:06:29,640 --> 00:06:32,039 Speaker 3: you know, in the schools again, because you know, I 148 00:06:32,040 --> 00:06:34,000 Speaker 3: ain't no, you know, I ain't no dumb nigga. 149 00:06:34,120 --> 00:06:35,960 Speaker 2: You feel me like you feel like. 150 00:06:36,360 --> 00:06:38,400 Speaker 3: I made age in school, you know what I'm saying. 151 00:06:38,480 --> 00:06:40,800 Speaker 3: And I didn't know about it. Yeah, so I wouldn't 152 00:06:40,800 --> 00:06:42,960 Speaker 3: even say, like, you know what I'm saying. How they'll 153 00:06:43,000 --> 00:06:45,240 Speaker 3: try to try to play on us like, oh, you're 154 00:06:45,240 --> 00:06:46,400 Speaker 3: from a certain place, you don't know. 155 00:06:46,560 --> 00:06:49,800 Speaker 2: No, you know, I'm one of the ones that had age. 156 00:06:49,920 --> 00:06:52,480 Speaker 2: I still didn't know about it. Yeah, I mean it's 157 00:06:52,520 --> 00:06:52,880 Speaker 2: a fact. 158 00:06:52,880 --> 00:06:54,680 Speaker 1: I mean it's something that we're working on as well 159 00:06:54,680 --> 00:06:57,640 Speaker 1: to get curriculum put into the school districts starting here 160 00:06:57,720 --> 00:06:59,920 Speaker 1: in New York City, but hopefully it will be something 161 00:07:00,080 --> 00:07:02,800 Speaker 1: that goes throughout the United States and eventually throughout the world.