September 18, 2024 • 28 mins
Ash Cash On Weight Loss, The 'Abundance Calculator' App's New Credit Rent Boost + More
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Speaker 1 (00:03):
Yeah, but Angela yee, I'm Angela Yee. It's a Wealth Wednesdays.
Speaker 2 (00:06):
Of course. Stacy Tisdale is here.
Speaker 3 (00:08):
Happy Wealth Wednesdays everybody, and he is here. Who is
this ash cash.
Speaker 4 (00:15):
Fundy in the building, the one.
Speaker 3 (00:18):
The only ash Cash stop by to see us.
Speaker 2 (00:21):
We are excitay.
Speaker 1 (00:23):
Excited, always excited to be May I see you on
everything else?
Speaker 2 (00:26):
I was like ash cash forget about.
Speaker 5 (00:27):
Us, No, never, never never. Family's the life, family always,
always always.
Speaker 4 (00:32):
That's why I can stop too.
Speaker 2 (00:33):
Okay, And you're and you're down some pounds.
Speaker 4 (00:36):
Yeah, So I've been. I've been.
Speaker 5 (00:37):
You know, I've been realizing, you know, you can make
all the money in the world if you if you're
not healthy, what's the point health as well?
Speaker 4 (00:45):
Health as well, that's that's a fact.
Speaker 5 (00:47):
And you know we're seeing a lot of people pass
away young who should still be here.
Speaker 4 (00:53):
And yes, I've been, I've been focused.
Speaker 5 (00:55):
So I went I went vegan, actually so May first,
I went raw vegan.
Speaker 4 (00:59):
So that time.
Speaker 5 (01:00):
Yeah, so for thirty days I ate nothing but raw,
raw food. But I had a great chef and so
it didn't it wasn't just slad. It was like really
good food.
Speaker 4 (01:11):
Uh. Fashion for Chrystian Christal Shad.
Speaker 5 (01:13):
You know, it was like I had pizza, I had zucchini, yeah,
the right person.
Speaker 4 (01:19):
Yeah, really good.
Speaker 1 (01:20):
You have zucchini noodles. Yeah, you can make so and
it's just like kind of spaghetti.
Speaker 5 (01:24):
And it's good though because it's it's raw, so you're
not it's not cooked food, right, So it's it's all
you know, vegetables pizza.
Speaker 4 (01:30):
Yeah yeah, so but but but but.
Speaker 5 (01:31):
Again it's it's like they I don't know how they
do it, but it's with you know, it's it's tomato sauce.
Speaker 4 (01:37):
It's like if they make it like a pizza, but
it's but it's it's all raw.
Speaker 2 (01:41):
I'm going to say that sounds appealing, but no, it's really.
Speaker 5 (01:44):
Really good though. It's really really good. I promise you
it's good. And then and then so you know, I
was you know, it was really fulfilling. I lost about
thirty pounds that first month, but then I did I
want hot food or whatever.
Speaker 4 (01:57):
So I started so with it.
Speaker 5 (01:58):
Within within the last ninety days, you know, I dropped,
I dropped forty nine pounds.
Speaker 2 (02:04):
Congratulations, that's quite an accomplished.
Speaker 3 (02:06):
You've been documenting this on social media, five am, workouts.
Speaker 4 (02:09):
Every every day.
Speaker 5 (02:11):
You know, I got I got a great trader fetch
after my brother read who make sure you know I'm
I'm I'm in the gym, So.
Speaker 2 (02:17):
Like, yeah, ye, skin is glowing.
Speaker 4 (02:19):
I'm trying to say skin skin glowing. You know what
I'm saying. Ergy even more energy. Now it feels great.
Speaker 5 (02:28):
I sleep better, you know, I'm tracking my sleep, I'm
tracking everything, five am, working out, playing basketball. It's just
it's just right now. My health is the most the
most important thing that that matters. But what I'm realizing, though,
is when I'm focusing on my health, the wealth is
just increasing. And what I mean by that is my
(02:49):
mind is sharper. I make better decisions. I'm able to
you know, you know, manifest and and attract more better opportunities.
Speaker 4 (02:57):
Like that's a real thing.
Speaker 5 (02:58):
So so like I know when people talk about like
like mindset and law of attraction, they think it's like
this this this thing in the sky. But if you
put garbage in your system, then the thoughts are garbage,
and then you're not making the right deals. But if
you put the right things in your system, then now
you're a little clearer. Now you can really, you know,
(03:19):
thoughts become things. You can really think about certain opportunities
and bring those opportunities to you. And I've been seeing
that the last ninety days have been phenomenal.
Speaker 2 (03:28):
What triggered this for you?
Speaker 1 (03:30):
Like, what was the point where you were like, you
know what, this is the journey that I need to
go on, sman, not.
Speaker 5 (03:35):
Being able to It's simple things though, Like you know,
I got I got two kids sixteen and nine year old,
and you know, we have a pretty decent sized house.
Wanting something from downstairs and having to call my daughter
like hey, can you bring this up with right? Not
because I'm being lazy, right, It's because it hurts when
i'm when I go up and down the steps, right
(03:56):
because you know, so I'm six three.
Speaker 4 (03:59):
At my peak, I.
Speaker 5 (04:00):
Was three hundred and sixty pounds, like you know, and
I used to hoop. I used to play ball in
high school, and so my basketball weighs two hundred and
eight pounds. You gotta think that's one hundred and sixty
pounds extra that I'm not used to, and so and
so trying, you know, you know, my wife asking us
to go outside and and hang out, and I'm and
I'm just tired, Like I'm just tired. I just I'm
(04:21):
I'm walking and it's just it's just, you know, I'm
just tired. So I think for me, it was just
the quality of life. It just sucks, right, like to
to not be able to do simple stuff like walk
up her down the steps, to be tired fast, to
you know, not be able to run around. And that
that's what's what started for me. And then just just
(04:42):
kind of watching you know, people through their health journeys, right,
which is why I document mine because I was watching
like like a pinky coal.
Speaker 4 (04:51):
Actually she had three babies back to back.
Speaker 5 (04:53):
Yeah, and then and then that's that's what that's what
got I'm actually using her chef. I saw her her journey.
My brother sent me her her journey and she lost
fifty five pounds and I'm like two months or something
like that, I say, wow, to going wrong, I like,
all right, and it actually worked.
Speaker 2 (05:11):
How was it getting started?
Speaker 1 (05:12):
Because I know sometimes that's the hardest part is being
like today's day I'm going to start.
Speaker 4 (05:16):
Yeah, it was tough, you know, it was tough.
Speaker 5 (05:19):
But the truth of the matter is like a it's
like a switch though, right, And when I say, it's
like a switch. It's almost like if you make a decision,
the decision might not be an easy decision to make,
but once you make that decision, there's nothing else you're
not going back from that. So once I made the decision,
like listen, I am gonna get my health together, I
(05:40):
made that switch. It was tough because you know, you
got to understand, Like I love to eat, like I
love right, But do I love to eat more than
I love health? Do I love to eat more than
I love to be here for my family? Do I
love to eat more than being able to really do
the Like I love basketball, I'm very competitive, I'm really
(06:01):
really good, but at three sixty, in my mind, I
think I guess wool right, but I'm not able to
I'm not able to do what I need to do.
Speaker 4 (06:08):
And so do I love? Do I love to eat more.
Speaker 5 (06:10):
Than I love to punish guys on the basketball?
Speaker 1 (06:12):
You know, as they say, eat to live, don't live
to eat right, And that's a real thing.
Speaker 3 (06:16):
And you were talking about how putting healthy things into
your body shifted your mindset. You're making more empowered decisions,
so you have a new you, and you.
Speaker 4 (06:25):
Have a new app, Yes, one thousand percent.
Speaker 5 (06:28):
So we have what's called the Abundance Calculator, and that
was part of right. This is actually manifested and Nola
it manifested during the time I'm going vegan eating raw
where I was saying to myself, one of the things
I got tired of is all of the people who
talk about money online talk about generational wealth as if
(06:49):
wealth is only about income, right, especially in our community.
Speaker 4 (06:53):
Like, oh, I'm building generational wealth. I'm getting to the bag.
Speaker 5 (06:56):
I don't like I've made a lot of money. I've
invested a lot of money. Making money don't mean you wealthy,
Like you can make millions of dollars and not hold
none of it and be still living paycheck to paycheck, right,
And so for me, I said, there has to be
a way where we could really calculate our abundance, calculate wealth.
(07:17):
And then this beautiful opportunity just kind of literally fell
in my lap, you know. Salute to Stacey, Salute to
the folks at ASA where we built an app called
the Abundance Calculator where we could really take all of
our wealth, right, whether it's your debt, whether it's your
bank accounts, all this stuff and kind of aggregate it
in a way to see, like what is your financial
(07:40):
health for real?
Speaker 4 (07:41):
Right?
Speaker 5 (07:42):
Not like I make a quarter million dollars, I make
thirty thousand, No, like there's people right now that might
make forty thousand dollars a year with no debt, who
are more wealthy than somebody who.
Speaker 4 (07:54):
Makes a million dollars.
Speaker 5 (07:55):
Y absolutely, and so for us, we wanted to put
a you know, an app together where we can aggregate it,
but in a way that's that's private and secure too,
right because you you know, you know a lot of
a lot of these FinTechs who have your information like
we don't even realize. And this is from a financial
standpoint as well, that we sign up for all these
(08:15):
apps and they own the data and then you think
that you're making you know, they're making money off of
your subscription fee, but the truth is they're making money off.
Speaker 4 (08:24):
Of their data and selling your data.
Speaker 5 (08:26):
And so I wanted to make sure that I'm connecting
with with someone with a company that makes sure that
we're protecting the data as well. And so you know,
really with this aggregate it's it's the you know, top
not security.
Speaker 4 (08:39):
You own your own data.
Speaker 5 (08:40):
But you're able to kind of use uh, you know,
you know, fintech right, financial technology AI to really learn
how to manage your money the best way. And so
you know, you know, we we have the Abundance Calculator,
you know, up and running and it's going to help.
Speaker 4 (08:54):
People really truly build generational wealth.
Speaker 3 (08:56):
Tell us what the app does?
Speaker 2 (08:58):
Yeah, I gotta know, because I don't know the ash.
Speaker 4 (09:00):
Cash app, the cash cash app.
Speaker 5 (09:02):
So so number one, I think the beauty of it
is the aggregator right where you know, it doesn't matter
where you bank. You can bank all these different places,
what debts you have, different credit cards, you can view
it in all in one place, right. And so now
that abundance capfulal it allows you to look at your
(09:22):
worth right and say, all right, you know what, you know,
I have one hundred thousand dollars in assets, I have
fifty thousand dollars in debt, so my net worth is
fifty thousand dollars.
Speaker 1 (09:33):
Oh that's great because I'm always going to different sites
to see what I have here, what I have there?
Speaker 2 (09:37):
Was this here? So this puts it all together all
in one place.
Speaker 4 (09:41):
Number one.
Speaker 5 (09:42):
But then also the great thing about it it actually
allows you to take advantage of all of the different
types of FinTechs technology that's available and puts that in
one place as well. Right, And so think about think
about it. For like everybody told us about AI and
how AI is so powerful. What if you had an
AI that's your financial advisor, that would be amazing, right,
(10:03):
that can look at where you are your financial health
and use the information.
Speaker 2 (10:08):
That's there to help you figure out help you figure.
Speaker 5 (10:10):
Out, you know, how to reach certain goals. So we
have goals, we have AI calculator, we have we can
help you with taxes, right, there's apps within that can
help you file your taxes. So it's really a way
to take all of your financial health. Right Because because
people bank at different places of different reasons. Right, So
I have major banks because I'm always traveling and you know,
(10:31):
you know international.
Speaker 4 (10:32):
I need a major bank for that.
Speaker 5 (10:34):
But I also, you know, have a credit you and
I also have, Right, So how do I take all
of that information and have one place where I can
see my.
Speaker 1 (10:41):
Financials and then you can also see what your goals
are if it's to buy a house or if it's.
Speaker 2 (10:45):
To save for retirement or both.
Speaker 1 (10:47):
You know, to figure out how you can be where
you should be investing in where your money should be absolutely.
Speaker 5 (10:52):
Because because I think that, I think the one thing
that we don't do is focused on goals, right.
Speaker 4 (10:57):
We don't put the goals down on paper.
Speaker 5 (10:59):
I think a lot of times we have this idea
of what we want to do, but always setting up
those goals, always seeing those goals in real time and
working towards them.
Speaker 3 (11:10):
I have seen the ashcash app, which you can get
by just going to myabundancecalculator dot com. And what's so
interesting is it's just full service, like you said, Once
you download that, you can put your numbers in and
figure out your net worth in one place, but then
you have the resources in there, like you said, full
service AI financial planning, so people.
Speaker 2 (11:32):
Through that can subscribe to that.
Speaker 3 (11:34):
You have your taxes, you have setting your financial goals,
and you also have credit building that.
Speaker 5 (11:41):
That's one of the things I'm like, I'm really proud of.
So I've been in the financial education space, for financial
services space for well over twenty years.
Speaker 4 (11:51):
I know I look young, but I.
Speaker 1 (11:53):
Mean I know I've.
Speaker 4 (11:55):
Been around the block.
Speaker 5 (11:56):
And I remember I used to be the CEO of
a credit Union in Long Island City, Queens, and I
remember we would try to help people that live in
low income areas build their credit. But it was really tough,
right because you got to think about it. In order
to build your credit, you have to have credit. But
if you've never had credit, then how you're gonna build
the credit? And so we were finding like innovative ways.
Speaker 4 (12:16):
To do it.
Speaker 5 (12:18):
And one thing that you know, our people, we pay
our rent on time, We pay our you know, we
pay uhf gud.
Speaker 4 (12:26):
Overhead.
Speaker 5 (12:27):
And so what if there was a way to take
your rent, you know, the history and make that part
of your credit history, because credit history that's what it is, right,
Credits history is just saying how how credit worthy are you?
Speaker 4 (12:40):
Right? Are you willing? Are you gonna pay your bills
on time?
Speaker 5 (12:42):
And so with rent, you know, if you're paying your
rent on time, you have a good rent history.
Speaker 4 (12:47):
How can we use that.
Speaker 2 (12:48):
And to boost your credit score?
Speaker 5 (12:51):
And so we we have we have a credit a
credit rent boost app within within the app that people
and and it could go back to years, right, so
it could go to it could go back two years
and so so now and and so here's the other
thing that I love about it is not only could
you go back two years so if you've been paying
your rent on time, uh, we'll report it to to
(13:12):
the to the credit bureaus.
Speaker 4 (13:13):
But it gets reported to all three credit bureaus. Oh wow, right,
because so it's not.
Speaker 5 (13:18):
Just uh, you know Experience, it's not just Equifax, it's
not just TransUnion, all three of them. And so with
the with the right credit history or the right rent history,
you could really get get a get a good boost
in your credit score.
Speaker 2 (13:31):
So that's interesting.
Speaker 3 (13:32):
So you go into your app that costs nothing, and
then you have all of these resources that you've kind
of handpicked that help people with their money management and
obviously this credit boosting part and taxes and taxes and
I know the security part because typically if people wanted
to sign up for all of these things individually, each
(13:53):
time you're putting in your name, you're starting over. But
it's a one time signing and it's a non.
Speaker 5 (14:00):
And that and that and that again that that was
what was important, right because it's a one time sign in.
Speaker 4 (14:05):
Right, So you sign up for the app.
Speaker 5 (14:07):
But even as you're using all these different tools, that
dat is your data though, so we don't we don't.
I mean, you know, when you file your taxes, there's
more information that they're gonna need in order to file
the taxes. But other than taxes, it's really anonymous, right.
The information gets fed into the app. But we don't
really need to know your name, We don't need to
know your social we don't need to know anything. We
(14:29):
don't even save your your your user name, you know, password,
none of that stuff. It's really just aggregating. It's the
technology is specifically built for privacy, like specifically built to
just be able to get the information and help you
use it, but not be a way to save your information.
(14:50):
So that way, you know, because because again like cyber
cybercrime is is on the rise, right, social security numbers
gotta ete in all this other stuff, and so we
don't even want I want that to be a concern,
and so and so the data is your data, and
it's like you said, it's done anonymously.
Speaker 1 (15:07):
I think it's important to know what your I know,
this is what you uses for medical terms, but here
for your your financial status, so that you can figure
out what decisions right you can make. And like you said,
setting goals for yourself is one of the most important
things we can do. And I just had a conversation
up here with somebody she just turned thirty, so she
was talking about what what I have told my thirty
(15:28):
year old self and and what what I have done differently.
And it's always about finances with me. If I could
have gone back to when I was thirty and made
some smarter financial decisions, I think that's one of the
main things I always that always comes.
Speaker 2 (15:42):
To mind for me. Absolutely, Yeah, And so you have.
Speaker 1 (15:45):
The opportunity now to see what to aggregate, like you said,
everything and then figure out how to make smarter financial
decisions and no matter where you are in life.
Speaker 5 (15:53):
And I love what you said about you know, checking
your financial status, right, because again, some people don't like
the they don't like to look and I think that
and that's like this emotional thing. But the truth is
that's how we get ourselves deeper in debt, right, because
if you let's just say, for instance, you got this
income coming in and you truly don't know what your
net worth is, You truly don't know how much you're investing,
(16:16):
you don't know any of that stuff. A random trip
comes up and you need to know you don't want
to see if you could afford it or not. Right,
you look at your credit card and you see, oh,
I got twenty thousand dollars available, you really don't have, right,
because right, that's just debt and if you really look
(16:36):
at your net worth, you might be in a negative.
And now it allows you to just make a better decision. Right.
Speaker 4 (16:43):
It doesn't mean that you don't go on the trip.
Speaker 5 (16:45):
It just means to say, hey, it might be a
different hotel, right, a different hotel.
Speaker 4 (16:49):
Right, what are my financial goals?
Speaker 5 (16:51):
This is going to be pushing me back against my
goals or push me towards them goals. Right.
Speaker 3 (16:55):
One of the reasons we thought it was important to
how this conversation is AI Angela is we've been talking
from last year. We have to show our community how
to use AI. And when you're making that decision about
that vacation, you actually have a financial planner giving people
customize financial advice for every part of their lives with AI.
Speaker 4 (17:14):
Yeah, and that's the beauty of it. Right.
Speaker 5 (17:16):
Like I was watching something that I think why Kleff
was talking about the power of AI. I truly believe.
I truly believe that artificial intelligence and technology will close
the wealth gap. It is the equalizer if we jump
on it now like we cannot, I repeat, we cannot
(17:36):
just become consumers. We have to be producers. We have
to be part of this process. And to that point,
AI is the best assistant. It's the best brain that
you could ever have. What I mean by that, AI
is as smart as the information that we give it.
Speaker 4 (17:56):
And so it has all of this information that it
can calculate.
Speaker 2 (18:00):
In less than a second.
Speaker 5 (18:02):
And so imagine this, Imagine having all of your information
aggregated and say, hey, AI, I have this goal of
filling the blank and I want to do this. What
is the best way to do it?
Speaker 4 (18:15):
Right? Not if can I do it? So you go
to your financial advisor.
Speaker 5 (18:19):
Your financial advisor is gonna say Angela, Nope, you can't
fix that house.
Speaker 4 (18:24):
Not now you gotta wait. Or but what if you said,
this is what I want to.
Speaker 2 (18:28):
Do, AI, tell me how I can I do it?
Speaker 4 (18:32):
Now?
Speaker 5 (18:32):
This AI brain is financial advisor because it works for you,
is going to calculate all of the different scenarios, millions
of scenarios, faster than any human can calculate, and say
this is what you need to do, and give you options, right,
because abundance is your birth right. That's why we call
it the abundance calculator, right and so and it's better
than an or. So don't tell me how I can't
(18:53):
do it, tell me how can I do it? That
AI has the power to say, all right, do this.
Speaker 2 (18:58):
Oh you know what, non bias, no emotions.
Speaker 3 (19:01):
Everybody. We talk about the need for financial planners, and
people don't have them because they don't think you don't
you need them if you don't have a lot of money.
But you're giving everybody a financial.
Speaker 5 (19:09):
Financial advisor, a financial advisor who respectfully is smarter than
your personal financial advisor, right because of all of the
information that it has access to in a faster time than.
Speaker 1 (19:22):
Yeah, imagine you have to sit down like I was
doing and just every like, go through every thing that
you have, every account, figure out what you owe here,
how much you have here? When you can just put
it all and it's right there, and it's right there
and a second you need the ash cash up. Yeah,
that's what I'm saying exactly. I really am always trying
to figure out what I need to be doing. And
(19:43):
sometimes we have more than we think too.
Speaker 2 (19:45):
Yes, you know, a lot of times.
Speaker 4 (19:47):
Yeah, but you gotta think about it.
Speaker 5 (19:49):
Money is emotional for us, right, It's emotional, and so
a lot of times we have more, but emotionally it
doesn't feel like it. So our feelings become the truth.
But if we have the real data and we have
the real information based on our goals, no emotions could
tell us what to do when we could do it
(20:11):
and and and do it in a way that helps us,
you know, enjoy ourselves and move towards our financial goals.
Speaker 3 (20:18):
And are some of you've been a financial educator. I
tell everybody Ashcash a long time ago was my son's
first financial literacy money Camp in Summer money Camp. So
you really have been focused on mindset and a lot
of people love you and buy your books and everything.
Well they have access to you and absolutely absolute.
Speaker 5 (20:47):
So like so like in the in the app, there's
links to to some of my books, so you know,
you know I'm I'm the creator of of.
Speaker 1 (20:56):
Holg best Sellers for best Sellers when was based on
four for.
Speaker 5 (21:01):
The wake Up Call Financial Lessons learn from four forty
four and so what I what I've been able to
do also is put resources right and so you can
get access to all of my books. You get access
to to my podcasts inside the vault with ash cash
access to I have I have a community called the
Abundance Community, and so you get access to the community. Uh,
(21:21):
you know, we meet you know, you know, once a week,
and so you're able to connect. And so there's there's
a lot of resources, right because that's the other thing. Yes,
you want the technology, but you also need uh you know,
I if technology is new for you, you might need
somebody to help you navigate that technology, and and and
and that's why you know, we we'd allow you know,
(21:42):
we put all of my the resources that I provide
uh there as well.
Speaker 2 (21:45):
Can they play you in basketball?
Speaker 4 (21:46):
I don't know. I don't know if anybody want that smoke.
Speaker 2 (21:49):
Look, I know somebody who take that challenge.
Speaker 4 (21:52):
I don't know. I don't know anybody.
Speaker 2 (21:54):
I know somebody who takes no.
Speaker 4 (21:57):
Salute the Chris, But I don't know, it's not you know,
they called.
Speaker 2 (22:01):
Me shack Syracuse. I don't know.
Speaker 3 (22:03):
You gotta know that I'm wanting a strong you really
want to take that I want.
Speaker 4 (22:08):
To look, you know what, just because of because this
is my guy. Yeah, you know what, I'm saying I'm
gonna let him live, but.
Speaker 2 (22:17):
Down you tore down, you two down.
Speaker 3 (22:21):
Last thing I really want you to touch on about this,
So I went to the ash cash app, which you
get at my abundance calculator dot com, and you go in.
There's everything you're saying and more. This is really incredible.
This is why we brought you on to talk about this.
But you picked the resources for example, the AI Portfolio Pilot,
the credit building, credit rent Boost. A lot of us
(22:43):
want to use fintech, we want to use technology, but
we don't know who to trust or who to work with.
So you really put that together for us.
Speaker 5 (22:50):
One thousand percent, and I'm glad you brought that up
because that's that's the human aspect of it, right is
as somebody who has been in this community like I'm
born I'm you know, born and raised Harlem Saint Nicholas
Projects as somebody who was a banker ceover Credit Union.
So I so I have the best of both worlds.
I want to make sure that our people are taken
care of. And so all of the apps are not
(23:13):
just random apps that were there's there's other apps available,
but for me C I curated these I said, I
want to make sure that these are gonna be things
that are useful, that is gonna that's gonna help us
move to the next next level.
Speaker 4 (23:28):
And so even as.
Speaker 5 (23:29):
New apps are being developed and new things are are are,
you know, we start having access to them, to better technology,
you know, we'll you know, I'll have access to be
able to you know, I work closely with the ace
of team and and will work closely to figure out
which are the tools and the resources that our people
(23:50):
need in order to build wealth, because ultimately that's that's
what it is, right, It's to build wealth. But again,
abundance for me is not about only later because when
when people think about generational wealth, and I think that's
one of the emotional things that scare people When you
say generational wealth, people think that I'm meaning that you
have to sacrifice now in order for your kids to
(24:12):
live better.
Speaker 4 (24:12):
And like, I don't want that generational wealth stuff.
Speaker 5 (24:14):
But what I'm saying is abundance is about having access
to your money now and doing it in a responsible way. Right,
Like I love the fact that Angela is always from
day one, has always been in real estate. Why real
estate is one of the biggest ways to change your
relationship with money. Right, instead of working hard for money
makes your money, is working hard for you.
Speaker 4 (24:35):
Okay, So now she works really, really hard.
Speaker 5 (24:37):
She has a lot of things going on, but she
doesn't rely only on her physical labor. She takes the
money from her physical labor. She invested in an income
producing asset. That asset allows her to make more money.
So now she could do she could say no to whatever.
Speaker 4 (24:53):
She She doesn't have to do anything now.
Speaker 5 (24:55):
Right, Why because the years and years she worked with
her physical labor means that relationship with money. She said,
I'm I don't want to work for money, so I'm
gonna take this money. I'm invested in income producing assets.
Now she could do whatever she wants. She could take
vacations whenever she wants, she could work whenever she wants.
Speaker 4 (25:09):
She could do all that.
Speaker 5 (25:10):
So that's what generational wealth is about, is passing down assets.
Speaker 4 (25:15):
And so now as.
Speaker 5 (25:16):
She continues to bring, you know, build build income, now
that income could be deployed in different ways so that
she could live the life that she wants to live.
Speaker 4 (25:24):
And I wanted to use that example, yeah, because.
Speaker 5 (25:25):
I need people to see it, right, I need people
to have a tangible example of what does this What
does it look like?
Speaker 4 (25:32):
What do you mean build generational wealth?
Speaker 5 (25:34):
It means make sure your money is being invested in assets,
so the money or the assets is what's making you money.
So now you have more more assets to deployed to
do whatever you want to do.
Speaker 1 (25:45):
That's really something I was talking about the other day
with my friend's son. I was discussing the different properties
that I own and the rent that I have, and
I have like my own way of doing things, but
what I've gotten to the point where I'll be able
to just from off my rent alone, I can pay
for everything that I need to pay for the mortgage
(26:06):
from my new house. And even look, real estate is
never given either, Like even with my new Brownstone, I've
had to invest so much in doing things that if
I didn't have money coming from other places, I don't
know that I would have been able to accomplish all
of it. But I did set myself up in a
way that the money that I make off of my
rental properties it pays for everything that I have going
(26:27):
on that even if I wasn't working now, I'd still
be able to handle all of that. And so it
makes me feel good to finally be in that place,
because it did take a while to get here, and
I was cautious about it.
Speaker 2 (26:38):
I never really like jumped out and did anything.
Speaker 1 (26:40):
The biggest thing I did was that building in midtown
Detroit that's almost finished at this point, and that definitely
was a huge investment for me. But aside from that,
everything else I have has been bringing in money.
Speaker 3 (26:53):
Now, so you're both talking about what generational wealth the
most important component of it really is.
Speaker 2 (26:58):
It's teaching.
Speaker 3 (26:59):
If you teach your kids how to make money. And
I love that you have this app and parents can
show their children how they're using this and guess what,
you finally found a way to relate to your kids
through technology. But it's teaching, But it's teaching. Generational wealth
is teaching. We had last month Michelle Anthony, who's an incredible, incredible,
incredibly successful business woman, and that's what she's all about
(27:22):
teaching her kids. She's like, I could leave them whatever
you know that could work out, that could not work out,
they could blow through that. But if I teach them
how to make money.
Speaker 5 (27:32):
Because you look at the snatch, right, and this is
not just black and white. This is or not just black,
it's black, White, Asian, Hispanic. Most wealth is lost by
a third generation. Yeah, first generation gets it, second generation
was there, they know what it took.
Speaker 4 (27:47):
But a third generation everything is handed.
Speaker 5 (27:49):
Absolutely not the knowledge, knowledge is not handed down, and
so by third generation is gone and then now the
cycle starts again. So now with with you know, with
this app, with being able to learn and and have
the information, this could become a you know, intergenerational learning process.
Speaker 4 (28:08):
So that we break that cycle of poverty forever.
Speaker 3 (28:11):
Yeah, and I love it. You too have been early
role models from my son. And he plays basketball and
is bugging me to buy him in real estate.
Speaker 2 (28:19):
And since he taught him, you can help him do that. Auntie.
I am as you know.
Speaker 1 (28:25):
And I know how much I know Stacey got it.
Let's get that down paying.
Speaker 4 (28:29):
Let's go.
Speaker 2 (28:31):
Thank you so much. Everybody where do we get this?
Speaker 5 (28:34):
Go to my abundance calculator dot com. Download it for free,
ninety nine for free.
Speaker 3 (28:41):
Free ninety nine my abundance calculator dot com. Thank you
so much, Ash Cash actually wealth Wednesdays, everybody
Speaker 4 (28:51):
W
Yeah, but Angela yee, I'm Angela Yee. It's a Wealth Wednesdays.
Speaker 2 (00:06):
Of course. Stacy Tisdale is here.
Speaker 3 (00:08):
Happy Wealth Wednesdays everybody, and he is here. Who is
this ash cash.
Speaker 4 (00:15):
Fundy in the building, the one.
Speaker 3 (00:18):
The only ash Cash stop by to see us.
Speaker 2 (00:21):
We are excitay.
Speaker 1 (00:23):
Excited, always excited to be May I see you on
everything else?
Speaker 2 (00:26):
I was like ash cash forget about.
Speaker 5 (00:27):
Us, No, never, never never. Family's the life, family always,
always always.
Speaker 4 (00:32):
That's why I can stop too.
Speaker 2 (00:33):
Okay, And you're and you're down some pounds.
Speaker 4 (00:36):
Yeah, So I've been. I've been.
Speaker 5 (00:37):
You know, I've been realizing, you know, you can make
all the money in the world if you if you're
not healthy, what's the point health as well?
Speaker 4 (00:45):
Health as well, that's that's a fact.
Speaker 5 (00:47):
And you know we're seeing a lot of people pass
away young who should still be here.
Speaker 4 (00:53):
And yes, I've been, I've been focused.
Speaker 5 (00:55):
So I went I went vegan, actually so May first,
I went raw vegan.
Speaker 4 (00:59):
So that time.
Speaker 5 (01:00):
Yeah, so for thirty days I ate nothing but raw,
raw food. But I had a great chef and so
it didn't it wasn't just slad. It was like really
good food.
Speaker 4 (01:11):
Uh. Fashion for Chrystian Christal Shad.
Speaker 5 (01:13):
You know, it was like I had pizza, I had zucchini, yeah,
the right person.
Speaker 4 (01:19):
Yeah, really good.
Speaker 1 (01:20):
You have zucchini noodles. Yeah, you can make so and
it's just like kind of spaghetti.
Speaker 5 (01:24):
And it's good though because it's it's raw, so you're
not it's not cooked food, right, So it's it's all
you know, vegetables pizza.
Speaker 4 (01:30):
Yeah yeah, so but but but but.
Speaker 5 (01:31):
Again it's it's like they I don't know how they
do it, but it's with you know, it's it's tomato sauce.
Speaker 4 (01:37):
It's like if they make it like a pizza, but
it's but it's it's all raw.
Speaker 2 (01:41):
I'm going to say that sounds appealing, but no, it's really.
Speaker 5 (01:44):
Really good though. It's really really good. I promise you
it's good. And then and then so you know, I
was you know, it was really fulfilling. I lost about
thirty pounds that first month, but then I did I
want hot food or whatever.
Speaker 4 (01:57):
So I started so with it.
Speaker 5 (01:58):
Within within the last ninety days, you know, I dropped,
I dropped forty nine pounds.
Speaker 2 (02:04):
Congratulations, that's quite an accomplished.
Speaker 3 (02:06):
You've been documenting this on social media, five am, workouts.
Speaker 4 (02:09):
Every every day.
Speaker 5 (02:11):
You know, I got I got a great trader fetch
after my brother read who make sure you know I'm
I'm I'm in the gym, So.
Speaker 2 (02:17):
Like, yeah, ye, skin is glowing.
Speaker 4 (02:19):
I'm trying to say skin skin glowing. You know what
I'm saying. Ergy even more energy. Now it feels great.
Speaker 5 (02:28):
I sleep better, you know, I'm tracking my sleep, I'm
tracking everything, five am, working out, playing basketball. It's just
it's just right now. My health is the most the
most important thing that that matters. But what I'm realizing, though,
is when I'm focusing on my health, the wealth is
just increasing. And what I mean by that is my
(02:49):
mind is sharper. I make better decisions. I'm able to
you know, you know, manifest and and attract more better opportunities.
Speaker 4 (02:57):
Like that's a real thing.
Speaker 5 (02:58):
So so like I know when people talk about like
like mindset and law of attraction, they think it's like
this this this thing in the sky. But if you
put garbage in your system, then the thoughts are garbage,
and then you're not making the right deals. But if
you put the right things in your system, then now
you're a little clearer. Now you can really, you know,
(03:19):
thoughts become things. You can really think about certain opportunities
and bring those opportunities to you. And I've been seeing
that the last ninety days have been phenomenal.
Speaker 2 (03:28):
What triggered this for you?
Speaker 1 (03:30):
Like, what was the point where you were like, you
know what, this is the journey that I need to
go on, sman, not.
Speaker 5 (03:35):
Being able to It's simple things though, Like you know,
I got I got two kids sixteen and nine year old,
and you know, we have a pretty decent sized house.
Wanting something from downstairs and having to call my daughter
like hey, can you bring this up with right? Not
because I'm being lazy, right, It's because it hurts when
i'm when I go up and down the steps, right
(03:56):
because you know, so I'm six three.
Speaker 4 (03:59):
At my peak, I.
Speaker 5 (04:00):
Was three hundred and sixty pounds, like you know, and
I used to hoop. I used to play ball in
high school, and so my basketball weighs two hundred and
eight pounds. You gotta think that's one hundred and sixty
pounds extra that I'm not used to, and so and
so trying, you know, you know, my wife asking us
to go outside and and hang out, and I'm and
I'm just tired, Like I'm just tired. I just I'm
(04:21):
I'm walking and it's just it's just, you know, I'm
just tired. So I think for me, it was just
the quality of life. It just sucks, right, like to
to not be able to do simple stuff like walk
up her down the steps, to be tired fast, to
you know, not be able to run around. And that
that's what's what started for me. And then just just
(04:42):
kind of watching you know, people through their health journeys, right,
which is why I document mine because I was watching
like like a pinky coal.
Speaker 4 (04:51):
Actually she had three babies back to back.
Speaker 5 (04:53):
Yeah, and then and then that's that's what that's what
got I'm actually using her chef. I saw her her journey.
My brother sent me her her journey and she lost
fifty five pounds and I'm like two months or something
like that, I say, wow, to going wrong, I like,
all right, and it actually worked.
Speaker 2 (05:11):
How was it getting started?
Speaker 1 (05:12):
Because I know sometimes that's the hardest part is being
like today's day I'm going to start.
Speaker 4 (05:16):
Yeah, it was tough, you know, it was tough.
Speaker 5 (05:19):
But the truth of the matter is like a it's
like a switch though, right, And when I say, it's
like a switch. It's almost like if you make a decision,
the decision might not be an easy decision to make,
but once you make that decision, there's nothing else you're
not going back from that. So once I made the decision,
like listen, I am gonna get my health together, I
(05:40):
made that switch. It was tough because you know, you
got to understand, Like I love to eat, like I
love right, But do I love to eat more than
I love health? Do I love to eat more than
I love to be here for my family? Do I
love to eat more than being able to really do
the Like I love basketball, I'm very competitive, I'm really
(06:01):
really good, but at three sixty, in my mind, I
think I guess wool right, but I'm not able to
I'm not able to do what I need to do.
Speaker 4 (06:08):
And so do I love? Do I love to eat more.
Speaker 5 (06:10):
Than I love to punish guys on the basketball?
Speaker 1 (06:12):
You know, as they say, eat to live, don't live
to eat right, And that's a real thing.
Speaker 3 (06:16):
And you were talking about how putting healthy things into
your body shifted your mindset. You're making more empowered decisions,
so you have a new you, and you.
Speaker 4 (06:25):
Have a new app, Yes, one thousand percent.
Speaker 5 (06:28):
So we have what's called the Abundance Calculator, and that
was part of right. This is actually manifested and Nola
it manifested during the time I'm going vegan eating raw
where I was saying to myself, one of the things
I got tired of is all of the people who
talk about money online talk about generational wealth as if
(06:49):
wealth is only about income, right, especially in our community.
Speaker 4 (06:53):
Like, oh, I'm building generational wealth. I'm getting to the bag.
Speaker 5 (06:56):
I don't like I've made a lot of money. I've
invested a lot of money. Making money don't mean you wealthy,
Like you can make millions of dollars and not hold
none of it and be still living paycheck to paycheck, right,
And so for me, I said, there has to be
a way where we could really calculate our abundance, calculate wealth.
(07:17):
And then this beautiful opportunity just kind of literally fell
in my lap, you know. Salute to Stacey, Salute to
the folks at ASA where we built an app called
the Abundance Calculator where we could really take all of
our wealth, right, whether it's your debt, whether it's your
bank accounts, all this stuff and kind of aggregate it
in a way to see, like what is your financial
(07:40):
health for real?
Speaker 4 (07:41):
Right?
Speaker 5 (07:42):
Not like I make a quarter million dollars, I make
thirty thousand, No, like there's people right now that might
make forty thousand dollars a year with no debt, who
are more wealthy than somebody who.
Speaker 4 (07:54):
Makes a million dollars.
Speaker 5 (07:55):
Y absolutely, and so for us, we wanted to put
a you know, an app together where we can aggregate it,
but in a way that's that's private and secure too,
right because you you know, you know a lot of
a lot of these FinTechs who have your information like
we don't even realize. And this is from a financial
standpoint as well, that we sign up for all these
(08:15):
apps and they own the data and then you think
that you're making you know, they're making money off of
your subscription fee, but the truth is they're making money off.
Speaker 4 (08:24):
Of their data and selling your data.
Speaker 5 (08:26):
And so I wanted to make sure that I'm connecting
with with someone with a company that makes sure that
we're protecting the data as well. And so you know,
really with this aggregate it's it's the you know, top
not security.
Speaker 4 (08:39):
You own your own data.
Speaker 5 (08:40):
But you're able to kind of use uh, you know,
you know, fintech right, financial technology AI to really learn
how to manage your money the best way. And so
you know, you know, we we have the Abundance Calculator,
you know, up and running and it's going to help.
Speaker 4 (08:54):
People really truly build generational wealth.
Speaker 3 (08:56):
Tell us what the app does?
Speaker 2 (08:58):
Yeah, I gotta know, because I don't know the ash.
Speaker 4 (09:00):
Cash app, the cash cash app.
Speaker 5 (09:02):
So so number one, I think the beauty of it
is the aggregator right where you know, it doesn't matter
where you bank. You can bank all these different places,
what debts you have, different credit cards, you can view
it in all in one place, right. And so now
that abundance capfulal it allows you to look at your
(09:22):
worth right and say, all right, you know what, you know,
I have one hundred thousand dollars in assets, I have
fifty thousand dollars in debt, so my net worth is
fifty thousand dollars.
Speaker 1 (09:33):
Oh that's great because I'm always going to different sites
to see what I have here, what I have there?
Speaker 2 (09:37):
Was this here? So this puts it all together all
in one place.
Speaker 4 (09:41):
Number one.
Speaker 5 (09:42):
But then also the great thing about it it actually
allows you to take advantage of all of the different
types of FinTechs technology that's available and puts that in
one place as well. Right, And so think about think
about it. For like everybody told us about AI and
how AI is so powerful. What if you had an
AI that's your financial advisor, that would be amazing, right,
(10:03):
that can look at where you are your financial health
and use the information.
Speaker 2 (10:08):
That's there to help you figure out help you figure.
Speaker 5 (10:10):
Out, you know, how to reach certain goals. So we
have goals, we have AI calculator, we have we can
help you with taxes, right, there's apps within that can
help you file your taxes. So it's really a way
to take all of your financial health. Right Because because
people bank at different places of different reasons. Right, So
I have major banks because I'm always traveling and you know,
(10:31):
you know international.
Speaker 4 (10:32):
I need a major bank for that.
Speaker 5 (10:34):
But I also, you know, have a credit you and
I also have, Right, So how do I take all
of that information and have one place where I can
see my.
Speaker 1 (10:41):
Financials and then you can also see what your goals
are if it's to buy a house or if it's.
Speaker 2 (10:45):
To save for retirement or both.
Speaker 1 (10:47):
You know, to figure out how you can be where
you should be investing in where your money should be absolutely.
Speaker 5 (10:52):
Because because I think that, I think the one thing
that we don't do is focused on goals, right.
Speaker 4 (10:57):
We don't put the goals down on paper.
Speaker 5 (10:59):
I think a lot of times we have this idea
of what we want to do, but always setting up
those goals, always seeing those goals in real time and
working towards them.
Speaker 3 (11:10):
I have seen the ashcash app, which you can get
by just going to myabundancecalculator dot com. And what's so
interesting is it's just full service, like you said, Once
you download that, you can put your numbers in and
figure out your net worth in one place, but then
you have the resources in there, like you said, full
service AI financial planning, so people.
Speaker 2 (11:32):
Through that can subscribe to that.
Speaker 3 (11:34):
You have your taxes, you have setting your financial goals,
and you also have credit building that.
Speaker 5 (11:41):
That's one of the things I'm like, I'm really proud of.
So I've been in the financial education space, for financial
services space for well over twenty years.
Speaker 4 (11:51):
I know I look young, but I.
Speaker 1 (11:53):
Mean I know I've.
Speaker 4 (11:55):
Been around the block.
Speaker 5 (11:56):
And I remember I used to be the CEO of
a credit Union in Long Island City, Queens, and I
remember we would try to help people that live in
low income areas build their credit. But it was really tough,
right because you got to think about it. In order
to build your credit, you have to have credit. But
if you've never had credit, then how you're gonna build
the credit? And so we were finding like innovative ways.
Speaker 4 (12:16):
To do it.
Speaker 5 (12:18):
And one thing that you know, our people, we pay
our rent on time, We pay our you know, we
pay uhf gud.
Speaker 4 (12:26):
Overhead.
Speaker 5 (12:27):
And so what if there was a way to take
your rent, you know, the history and make that part
of your credit history, because credit history that's what it is, right,
Credits history is just saying how how credit worthy are you?
Speaker 4 (12:40):
Right? Are you willing? Are you gonna pay your bills
on time?
Speaker 5 (12:42):
And so with rent, you know, if you're paying your
rent on time, you have a good rent history.
Speaker 4 (12:47):
How can we use that.
Speaker 2 (12:48):
And to boost your credit score?
Speaker 5 (12:51):
And so we we have we have a credit a
credit rent boost app within within the app that people
and and it could go back to years, right, so
it could go to it could go back two years
and so so now and and so here's the other
thing that I love about it is not only could
you go back two years so if you've been paying
your rent on time, uh, we'll report it to to
(13:12):
the to the credit bureaus.
Speaker 4 (13:13):
But it gets reported to all three credit bureaus. Oh wow, right,
because so it's not.
Speaker 5 (13:18):
Just uh, you know Experience, it's not just Equifax, it's
not just TransUnion, all three of them. And so with
the with the right credit history or the right rent history,
you could really get get a get a good boost
in your credit score.
Speaker 2 (13:31):
So that's interesting.
Speaker 3 (13:32):
So you go into your app that costs nothing, and
then you have all of these resources that you've kind
of handpicked that help people with their money management and
obviously this credit boosting part and taxes and taxes and
I know the security part because typically if people wanted
to sign up for all of these things individually, each
(13:53):
time you're putting in your name, you're starting over. But
it's a one time signing and it's a non.
Speaker 5 (14:00):
And that and that and that again that that was
what was important, right because it's a one time sign in.
Speaker 4 (14:05):
Right, So you sign up for the app.
Speaker 5 (14:07):
But even as you're using all these different tools, that
dat is your data though, so we don't we don't.
I mean, you know, when you file your taxes, there's
more information that they're gonna need in order to file
the taxes. But other than taxes, it's really anonymous, right.
The information gets fed into the app. But we don't
really need to know your name, We don't need to
know your social we don't need to know anything. We
(14:29):
don't even save your your your user name, you know, password,
none of that stuff. It's really just aggregating. It's the
technology is specifically built for privacy, like specifically built to
just be able to get the information and help you
use it, but not be a way to save your information.
(14:50):
So that way, you know, because because again like cyber
cybercrime is is on the rise, right, social security numbers
gotta ete in all this other stuff, and so we
don't even want I want that to be a concern,
and so and so the data is your data, and
it's like you said, it's done anonymously.
Speaker 1 (15:07):
I think it's important to know what your I know,
this is what you uses for medical terms, but here
for your your financial status, so that you can figure
out what decisions right you can make. And like you said,
setting goals for yourself is one of the most important
things we can do. And I just had a conversation
up here with somebody she just turned thirty, so she
was talking about what what I have told my thirty
(15:28):
year old self and and what what I have done differently.
And it's always about finances with me. If I could
have gone back to when I was thirty and made
some smarter financial decisions, I think that's one of the
main things I always that always comes.
Speaker 2 (15:42):
To mind for me. Absolutely, Yeah, And so you have.
Speaker 1 (15:45):
The opportunity now to see what to aggregate, like you said,
everything and then figure out how to make smarter financial
decisions and no matter where you are in life.
Speaker 5 (15:53):
And I love what you said about you know, checking
your financial status, right, because again, some people don't like
the they don't like to look and I think that
and that's like this emotional thing. But the truth is
that's how we get ourselves deeper in debt, right, because
if you let's just say, for instance, you got this
income coming in and you truly don't know what your
net worth is, You truly don't know how much you're investing,
(16:16):
you don't know any of that stuff. A random trip
comes up and you need to know you don't want
to see if you could afford it or not. Right,
you look at your credit card and you see, oh,
I got twenty thousand dollars available, you really don't have, right,
because right, that's just debt and if you really look
(16:36):
at your net worth, you might be in a negative.
And now it allows you to just make a better decision. Right.
Speaker 4 (16:43):
It doesn't mean that you don't go on the trip.
Speaker 5 (16:45):
It just means to say, hey, it might be a
different hotel, right, a different hotel.
Speaker 4 (16:49):
Right, what are my financial goals?
Speaker 5 (16:51):
This is going to be pushing me back against my
goals or push me towards them goals. Right.
Speaker 3 (16:55):
One of the reasons we thought it was important to
how this conversation is AI Angela is we've been talking
from last year. We have to show our community how
to use AI. And when you're making that decision about
that vacation, you actually have a financial planner giving people
customize financial advice for every part of their lives with AI.
Speaker 4 (17:14):
Yeah, and that's the beauty of it. Right.
Speaker 5 (17:16):
Like I was watching something that I think why Kleff
was talking about the power of AI. I truly believe.
I truly believe that artificial intelligence and technology will close
the wealth gap. It is the equalizer if we jump
on it now like we cannot, I repeat, we cannot
(17:36):
just become consumers. We have to be producers. We have
to be part of this process. And to that point,
AI is the best assistant. It's the best brain that
you could ever have. What I mean by that, AI
is as smart as the information that we give it.
Speaker 4 (17:56):
And so it has all of this information that it
can calculate.
Speaker 2 (18:00):
In less than a second.
Speaker 5 (18:02):
And so imagine this, Imagine having all of your information
aggregated and say, hey, AI, I have this goal of
filling the blank and I want to do this. What
is the best way to do it?
Speaker 4 (18:15):
Right? Not if can I do it? So you go
to your financial advisor.
Speaker 5 (18:19):
Your financial advisor is gonna say Angela, Nope, you can't
fix that house.
Speaker 4 (18:24):
Not now you gotta wait. Or but what if you said,
this is what I want to.
Speaker 2 (18:28):
Do, AI, tell me how I can I do it?
Speaker 4 (18:32):
Now?
Speaker 5 (18:32):
This AI brain is financial advisor because it works for you,
is going to calculate all of the different scenarios, millions
of scenarios, faster than any human can calculate, and say
this is what you need to do, and give you options, right,
because abundance is your birth right. That's why we call
it the abundance calculator, right and so and it's better
than an or. So don't tell me how I can't
(18:53):
do it, tell me how can I do it? That
AI has the power to say, all right, do this.
Speaker 2 (18:58):
Oh you know what, non bias, no emotions.
Speaker 3 (19:01):
Everybody. We talk about the need for financial planners, and
people don't have them because they don't think you don't
you need them if you don't have a lot of money.
But you're giving everybody a financial.
Speaker 5 (19:09):
Financial advisor, a financial advisor who respectfully is smarter than
your personal financial advisor, right because of all of the
information that it has access to in a faster time than.
Speaker 1 (19:22):
Yeah, imagine you have to sit down like I was
doing and just every like, go through every thing that
you have, every account, figure out what you owe here,
how much you have here? When you can just put
it all and it's right there, and it's right there
and a second you need the ash cash up. Yeah,
that's what I'm saying exactly. I really am always trying
to figure out what I need to be doing. And
(19:43):
sometimes we have more than we think too.
Speaker 2 (19:45):
Yes, you know, a lot of times.
Speaker 4 (19:47):
Yeah, but you gotta think about it.
Speaker 5 (19:49):
Money is emotional for us, right, It's emotional, and so
a lot of times we have more, but emotionally it
doesn't feel like it. So our feelings become the truth.
But if we have the real data and we have
the real information based on our goals, no emotions could
tell us what to do when we could do it
(20:11):
and and and do it in a way that helps us,
you know, enjoy ourselves and move towards our financial goals.
Speaker 3 (20:18):
And are some of you've been a financial educator. I
tell everybody Ashcash a long time ago was my son's
first financial literacy money Camp in Summer money Camp. So
you really have been focused on mindset and a lot
of people love you and buy your books and everything.
Well they have access to you and absolutely absolute.
Speaker 5 (20:47):
So like so like in the in the app, there's
links to to some of my books, so you know,
you know I'm I'm the creator of of.
Speaker 1 (20:56):
Holg best Sellers for best Sellers when was based on
four for.
Speaker 5 (21:01):
The wake Up Call Financial Lessons learn from four forty
four and so what I what I've been able to
do also is put resources right and so you can
get access to all of my books. You get access
to to my podcasts inside the vault with ash cash
access to I have I have a community called the
Abundance Community, and so you get access to the community. Uh,
(21:21):
you know, we meet you know, you know, once a week,
and so you're able to connect. And so there's there's
a lot of resources, right because that's the other thing. Yes,
you want the technology, but you also need uh you know,
I if technology is new for you, you might need
somebody to help you navigate that technology, and and and
and that's why you know, we we'd allow you know,
(21:42):
we put all of my the resources that I provide
uh there as well.
Speaker 2 (21:45):
Can they play you in basketball?
Speaker 4 (21:46):
I don't know. I don't know if anybody want that smoke.
Speaker 2 (21:49):
Look, I know somebody who take that challenge.
Speaker 4 (21:52):
I don't know. I don't know anybody.
Speaker 2 (21:54):
I know somebody who takes no.
Speaker 4 (21:57):
Salute the Chris, But I don't know, it's not you know,
they called.
Speaker 2 (22:01):
Me shack Syracuse. I don't know.
Speaker 3 (22:03):
You gotta know that I'm wanting a strong you really
want to take that I want.
Speaker 4 (22:08):
To look, you know what, just because of because this
is my guy. Yeah, you know what, I'm saying I'm
gonna let him live, but.
Speaker 2 (22:17):
Down you tore down, you two down.
Speaker 3 (22:21):
Last thing I really want you to touch on about this,
So I went to the ash cash app, which you
get at my abundance calculator dot com, and you go in.
There's everything you're saying and more. This is really incredible.
This is why we brought you on to talk about this.
But you picked the resources for example, the AI Portfolio Pilot,
the credit building, credit rent Boost. A lot of us
(22:43):
want to use fintech, we want to use technology, but
we don't know who to trust or who to work with.
So you really put that together for us.
Speaker 5 (22:50):
One thousand percent, and I'm glad you brought that up
because that's that's the human aspect of it, right is
as somebody who has been in this community like I'm
born I'm you know, born and raised Harlem Saint Nicholas
Projects as somebody who was a banker ceover Credit Union.
So I so I have the best of both worlds.
I want to make sure that our people are taken
care of. And so all of the apps are not
(23:13):
just random apps that were there's there's other apps available,
but for me C I curated these I said, I
want to make sure that these are gonna be things
that are useful, that is gonna that's gonna help us
move to the next next level.
Speaker 4 (23:28):
And so even as.
Speaker 5 (23:29):
New apps are being developed and new things are are are,
you know, we start having access to them, to better technology,
you know, we'll you know, I'll have access to be
able to you know, I work closely with the ace
of team and and will work closely to figure out
which are the tools and the resources that our people
(23:50):
need in order to build wealth, because ultimately that's that's
what it is, right, It's to build wealth. But again,
abundance for me is not about only later because when
when people think about generational wealth, and I think that's
one of the emotional things that scare people When you
say generational wealth, people think that I'm meaning that you
have to sacrifice now in order for your kids to
(24:12):
live better.
Speaker 4 (24:12):
And like, I don't want that generational wealth stuff.
Speaker 5 (24:14):
But what I'm saying is abundance is about having access
to your money now and doing it in a responsible way. Right,
Like I love the fact that Angela is always from
day one, has always been in real estate. Why real
estate is one of the biggest ways to change your
relationship with money. Right, instead of working hard for money
makes your money, is working hard for you.
Speaker 4 (24:35):
Okay, So now she works really, really hard.
Speaker 5 (24:37):
She has a lot of things going on, but she
doesn't rely only on her physical labor. She takes the
money from her physical labor. She invested in an income
producing asset. That asset allows her to make more money.
So now she could do she could say no to whatever.
Speaker 4 (24:53):
She She doesn't have to do anything now.
Speaker 5 (24:55):
Right, Why because the years and years she worked with
her physical labor means that relationship with money. She said,
I'm I don't want to work for money, so I'm
gonna take this money. I'm invested in income producing assets.
Now she could do whatever she wants. She could take
vacations whenever she wants, she could work whenever she wants.
Speaker 4 (25:09):
She could do all that.
Speaker 5 (25:10):
So that's what generational wealth is about, is passing down assets.
Speaker 4 (25:15):
And so now as.
Speaker 5 (25:16):
She continues to bring, you know, build build income, now
that income could be deployed in different ways so that
she could live the life that she wants to live.
Speaker 4 (25:24):
And I wanted to use that example, yeah, because.
Speaker 5 (25:25):
I need people to see it, right, I need people
to have a tangible example of what does this What
does it look like?
Speaker 4 (25:32):
What do you mean build generational wealth?
Speaker 5 (25:34):
It means make sure your money is being invested in assets,
so the money or the assets is what's making you money.
So now you have more more assets to deployed to
do whatever you want to do.
Speaker 1 (25:45):
That's really something I was talking about the other day
with my friend's son. I was discussing the different properties
that I own and the rent that I have, and
I have like my own way of doing things, but
what I've gotten to the point where I'll be able
to just from off my rent alone, I can pay
for everything that I need to pay for the mortgage
(26:06):
from my new house. And even look, real estate is
never given either, Like even with my new Brownstone, I've
had to invest so much in doing things that if
I didn't have money coming from other places, I don't
know that I would have been able to accomplish all
of it. But I did set myself up in a
way that the money that I make off of my
rental properties it pays for everything that I have going
(26:27):
on that even if I wasn't working now, I'd still
be able to handle all of that. And so it
makes me feel good to finally be in that place,
because it did take a while to get here, and
I was cautious about it.
Speaker 2 (26:38):
I never really like jumped out and did anything.
Speaker 1 (26:40):
The biggest thing I did was that building in midtown
Detroit that's almost finished at this point, and that definitely
was a huge investment for me. But aside from that,
everything else I have has been bringing in money.
Speaker 3 (26:53):
Now, so you're both talking about what generational wealth the
most important component of it really is.
Speaker 2 (26:58):
It's teaching.
Speaker 3 (26:59):
If you teach your kids how to make money. And
I love that you have this app and parents can
show their children how they're using this and guess what,
you finally found a way to relate to your kids
through technology. But it's teaching, But it's teaching. Generational wealth
is teaching. We had last month Michelle Anthony, who's an incredible, incredible,
incredibly successful business woman, and that's what she's all about
(27:22):
teaching her kids. She's like, I could leave them whatever
you know that could work out, that could not work out,
they could blow through that. But if I teach them
how to make money.
Speaker 5 (27:32):
Because you look at the snatch, right, and this is
not just black and white. This is or not just black,
it's black, White, Asian, Hispanic. Most wealth is lost by
a third generation. Yeah, first generation gets it, second generation
was there, they know what it took.
Speaker 4 (27:47):
But a third generation everything is handed.
Speaker 5 (27:49):
Absolutely not the knowledge, knowledge is not handed down, and
so by third generation is gone and then now the
cycle starts again. So now with with you know, with
this app, with being able to learn and and have
the information, this could become a you know, intergenerational learning process.
Speaker 4 (28:08):
So that we break that cycle of poverty forever.
Speaker 3 (28:11):
Yeah, and I love it. You too have been early
role models from my son. And he plays basketball and
is bugging me to buy him in real estate.
Speaker 2 (28:19):
And since he taught him, you can help him do that. Auntie.
I am as you know.
Speaker 1 (28:25):
And I know how much I know Stacey got it.
Let's get that down paying.
Speaker 4 (28:29):
Let's go.
Speaker 2 (28:31):
Thank you so much. Everybody where do we get this?
Speaker 5 (28:34):
Go to my abundance calculator dot com. Download it for free,
ninety nine for free.
Speaker 3 (28:41):
Free ninety nine my abundance calculator dot com. Thank you
so much, Ash Cash actually wealth Wednesdays, everybody
Speaker 4 (28:51):
W
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Angela Yee
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