August 14, 2025 • 52 mins
In this inspiring and often hilarious conversation, John Hope Bryant sits down with Atlanta legend and entrepreneur Tim Birt to unpack “Hustle Economics.” From buying a truck with no bed, to scoring a $12K dump trailer without spending a dime, to turning a $5K down payment into a building now worth nearly $1M, Tim’s stories are masterclasses in resourcefulness, patience, and living “dangerous from the neck up.” Through candid lessons on money, mindset, and serving others, Tim proves that wealth isn’t about flashing—it’s about building lasting value.
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Episode Transcript
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Speaker 1 (00:00):
Welcome The Money and Wealth with John O'Bryant, a production
of The Black Effect Podcast Network and iHeartRadio. Yo Yo Yo,
This is John Hope Bryant here. This is the Money
in Wealth podcast series is season two that has taken
(00:27):
the podcast world by storm. Thank you all for all
of your support. Top one hundred podcasts in America on
Apple on Business and Top fifty four Entrepreneurship. And every
week we come with you, come at you and to
you with exciting, powerful new learning, a new message, an
(00:53):
hour that changes your life. And this week is no different.
I've got my friend Tim Bert here with me. Who
And I think this is perfect because you should be
saying Tim Bird? Do I know him? Is he? Is
he a rapper? Is here? Is he an actor? Is here?
Is he a former football player? I should know who
(01:17):
Tim Bird is? No, Actually, that is actually the point.
You probably unless you're in Atlanta, where he is a
local hero, you a local legend, even in his space,
you would not know who Tim Bird is. That is
the point. I want all people, every black man, every man,
(01:37):
every Latino man, every white man, doesn't matter your race, place, whatever.
I want every man to model. Tim Burt introducing Tim
Bird of Tim Bird Enterprises, who is a friend of
mine who has an up from nothing story that absolutely
(01:58):
will inspire you. But he's also funny as all get up.
He's hilarious. He's like a sasquatch. If you if you
see him, he's like five times bigger than me. If
you get to see them the clips of this on
YouTube or on social you'll see my brother is you
don't mess with Tim Burt. So Tim Burt runs a
(02:19):
construction company. Is this is hustle economics? He was, Oh, John,
you're talking over my head. You know I don't understand
what you know. You will definitely get this. So Tim,
before we get into your personal story, which is inspiring
and some lessons you're going to give the audience and
leave folks with as they go on the journey of
(02:41):
their life in business and entrepreneurship and wealth creation and
cash flow, you understand something. You understand a couple of
things that you've told me over time that I just
think you're extraordinary. And if it wouldn't be offensive to
my my Jewish friend, I would say, I think you're
partly Jewish, and I mean that is the greatest compliment.
(03:07):
Like I've always said that black people need a Black
Jewish business plan. I think that this group of people
have found a way out of no way and really
became financially literate. And even though the world was against them,
they were for themselves and they were thrifty, and they
were smart, and they were you know, and I really
respect their achievement as a group and individually, and too
(03:34):
many of us a flosson black people were in the
assets on as too many of us are. And I
understand it. It's our background, is our history. We were
not allowed to get We were not taught financial literacy,
we were not taught how capitalism works. We were denied
(03:55):
that with the Freedman's Bank of eighteen sixty five, we
were denied. We have a darker com fflection. It's easier
to identify as segregate us, discriminate against us. There are
good reasons, good bad reasons why we don't have not
achieved because literally we've been held back at every step
as a group. Still we find a way, some of
(04:16):
us to succeed. Many of us actually, but some of
us extraordinarily successful. I would call you extraordinarily successful. But
because of the low self esteem that comes from the
way in which we were treated. Some of us floss
and gloss over substance. Some of us want to bling
and sing versus own and stand in that sense of
(04:39):
value that you created quietly. So you said something to
me many things that just had my head spinning. I'm like,
where does this guy come from? What the heck? Because
you want to try to impress anybody one? Thing you
said to me that you said to me? You said, John,
(05:00):
I put this in my book, Financial Literacy for All,
So you can go and watch, either listen to it
on audio tape, or go and read the book Financial
Literacy for All, number one bestseller to this day, fifteen
months after it's publishing. In the book, I cite Tim Burt,
and Tim says, you got to decide whether you want
to be famous or you want to be dangerous? All right?
(05:24):
What the heck did you mean by that? Do you
want to be famous? All right? This is the first
Tim bird lesson. What do you mean by you when
you're famous or dangerous? Well?
Speaker 2 (05:32):
I think too many times we get caught up in
having more in our closets than we do in our
bank accounts. We put so much money into things that
don't matter that won't last beyond us. Things we can't
take beyond the grave. So in order to be dangerous,
you know, I was talking about a lot of elderly
people growing up in Atlanta, grew up in pair of homes.
I would take people trash out twenty five cents as
(05:52):
a kid and just make money. They will would give
me good lessons and one thing you know about elderly people,
they will always remind you who you are, where you
come from, where they come from, and what it should be.
And I always hear them talking about legacy, and you
know you gonna get the word of God. Of course,
when you hear the word, when you die, with it
matter that you live. And I started thinking about that
(06:14):
as I got older and start thinking about what it
is to be dangerous. And one of the things that
really grabbed me when they always put scripture to you,
a good man leaves and inherited to his children's children,
that's being dangerous. And I was like, wow, if I
die today, you know, as I got older and started understanding,
what would my kids and my family have, what would
live beyond the grade.
Speaker 1 (06:35):
When I'm doing so this is a nice, sweet, wonderful
almost philosophical religious response. That wasn't that what? I what?
I remember when Tim and I were talking about this
a few years ago. He was upset, he was peed
off at some ignorance going on, and I remember the
I don't remember the context. I don't think it was
(06:56):
I got you. Yeah, I don't remember the context, but
I remember he was like, hey, man, like we got
to do I'm tired of this stuff. We got to
decide whether we want to be famous, right dangerous? What
we what? What got you? What is in our culture?
Because I know you love us and you want us
to be the best version of us, so to all
(07:16):
That's why I'm speaking truth to power. What got to
you in your gut that caused you to make that
that that powerful differentiation.
Speaker 2 (07:25):
I just think the level of poverty that you know,
I was witnessing. How we can sit back sometime and
allow people to dictate to us what we should have
and what they think we should have. But when we
start knowing who we are and say, hey, look, this
is where we draw the line. I'm here to do
a service to my family, to my friends, but at
the same time the community. So when you start thinking
about making money, people start telling you what you can't
(07:47):
do and where you can't go, and what you what
they think you should be.
Speaker 1 (07:50):
And I think you, you know, say this, If.
Speaker 2 (07:52):
You don't know who you are by the end of
the day, by the morning, come somebody gonna tell you.
Speaker 1 (07:56):
You might tell you who you are?
Speaker 2 (07:57):
You know, and if nobody, don't get pissed off behind that,
because that means you allow other people to define you.
And I refuse to allow anybody to define me because
in business people always tell you, well, you can't do this.
Who you to tell me what I can't do when
I know why?
Speaker 1 (08:12):
That's what I'm talking about. So now now you talking
about Now you're talking about so squatch. Here this is
tim Bert, who coming squash you with his brain. Okay,
so you're like, don't be celebrities, cool, but don't be
forget being famous. Be dangerous, dangerous from the neck up,
be smart, dangerous from the neck up. He's not talking
about braun, He's talking about brains. So you came rolling
(08:35):
up to my house one day. You came rolling up
in my house one day with a situation that I
thought was just just wild. You came rolling up in
our house with a truck I'm sorry. Half a truck
he drove up, and you know, and we have a
(08:58):
nice spot. Now I'm not trying to have no I
could be stuff up in my spot. I'm particular. Here's
this black man pulling up in half a truck, literally
half a truck the cab, but the back of the
truck's gone. What the heck's going on? This is a
homeless dude and made up into my property. Tim, what
was going on with half a truck man? So what
(09:20):
happened was what happened was to the situation that had happened,
was the situation had changed. John called me by some
things that he needed at his house. So I needed
a truck.
Speaker 2 (09:30):
And I was looking all over Fine, you know, truck
prices just high, you know, like you said, I got away.
I like to spend and save money. So I called
and I was looking online. I found this truck, but
they didn't have a picture on it. And so when
I called the people, because it was f two fifty,
like a zero four for like fifty five thousand miles
on it, I was like, man, this gotta be a
great truck, but it must be wrecked or something. I
(09:52):
maybe could take it and you know, fix it and
do what I need to do. So I called the
people and the guy said, man, how did you get
it that quick? He said, I just literally hit saying.
I said, look, I want the truck. If it's good shape,
if it's running, I'll take it. He said, well, I
got a little problem. I said, well, whatever problem is.
If they regular it's running, I'll take it for seven
thousand dollars fifty five thousand miles.
Speaker 1 (10:14):
Sir, slow down seven thousand dollars, seven thousand dollars four
and had fifty five two thousand four years. Yeah, two thousand,
had fifty five thousand miles five thousand, which is not
bad at all, bad at all. I mean, these trucks
go forever. And so you called and said I'll take it.
I said, I'll take it. So he said, well, there's
one little problem. You know, the truck don't have a
bed on it. I said, in the back of the
(10:36):
back of the truck. Yeah, I'm trying. I'm trying to
translate to everybody. Just stay with me.
Speaker 2 (10:42):
So the truck don't have a back on it, don't
have a bed on it, he said, just a frame
and just you know, just the truck but he said
it run pretty good.
Speaker 1 (10:48):
I said, I'll take it.
Speaker 2 (10:49):
I said, I'm on my way, and I said, do
I need to see your calls my life so you
can hold it for me.
Speaker 1 (10:53):
He said sure.
Speaker 2 (10:54):
He said no, just give me your name and i'll
hold it for you. He said, but you got an
hour to get here. So it was I want to
get there. It was a little further way, so I said, look,
I'm on the way. I got down there front of
the truck up he brought around. They had don't wash it,
and of course the nails back on the bed. And
the man said, man, you know what I mean, A
big mistake. I should have gotten this truck for my son,
(11:14):
but I couldn't send it to him because I gave
you my word. So I told him, I said, look,
here's the check. I wrote the check said.
Speaker 1 (11:22):
He paid for a cash. Yeah, so he paid for
a cash because you you went and did some jobs
and construction. Because you're a general contractor. You get paid
on the general contracting job, versus taking that money and
going buying some suits and some jewelry, or or flossing
off at the clubs or whatever. You banked that money,
you set it aside. You paid your bills and then
you look for a value situation that could build you
(11:45):
something that can make you money and build you wealth
in the future. And you thought you thought and buying
something under market versus paying more for it than it's worth,
like people leasing luxury cards. Right now, I'm buying leasing
paying four thousand, eight thousand dollars a month. People pay
it a month or a lease on a car. They
don't own what you bought this truck for. So versus
(12:07):
doing all that floss and stuff your values, who you
are said, mess the heck with all that. I want
to own this truck one hundred percent, but they take
my profit and create prosperity. They have this right. That's it.
So you wouldn't bought this truck. You didn't care what
it looked like.
Speaker 2 (12:23):
Ken when it looked like kre who looked at me
driving even you, so that I drove up.
Speaker 1 (12:29):
He was like, what the is you driving? I said,
A truck? Did I get over here? I said?
Speaker 2 (12:35):
What does it represent? Transportation? It transported me from one
place to display, So I'm here. I want to make
sure everybody's hearing you one hundred percent. So Tim is
a construction dude, hes a construction company. I used this
medium stuff. He's only doing this and I asked him
to do it. But this is a great role model
for you. So so you didn't care what it looked like.
You didn't care what I had to say about it
(12:56):
or anybody else. You didn't care if people looking at
you crazy in the freeway. You're like, what your view is?
I own it exactly. I'll never forget this stod And
I told you we laughed about it. I pulled up
to the gas stad. You know how people come up
and ask you for money. So this one lady walked over.
She looked at me, she said, what the is you driving?
She said, I will go to ask you for some money,
but looked like you need him. I said, when you
(13:16):
got two dollars over this game, you wanted to take
a care? Can you help me?
Speaker 1 (13:21):
Okay, I'll take you exactly, but looks to see me.
I'm sorry to see me. So you didn't care how
it looked. You didn't care what somebody's impression was. It's
your truck, all right. So this so now I come
up to the house one day and you know, we've
got some space and on acres, and so my man,
(13:42):
and by the way, he's the one who indirectly encouraged
me to we have forty acres, which goes back to
forty acres and the mule in an area in a
county that was a slave county years and years and
years and years and years ago. So if we really
thought it was a tipic of the halt of the
legacy of our ancestors that we would own forty acres, well,
(14:04):
Tim is the one who one of the people who
encouraged me to. You know, we don't want to give
my address, but the address of the property is has
some symbolism to it because it ties back to the
Freedman's Bank and all that. But the forty acres, Tim
was like, yeah, you gotta, you know, you gotta. I
started out of thirteen acres, you got to buy thissal wakers.
What I didn't realize that Tim also won the place
(14:26):
that park his crap. So hustle economic, hustle, economics. So
I come, I pull up one day. I pull up
one day and and Tim, well, there's a there's a
a dunk trailer trailer in my uh in my in
(14:48):
my well, on my property. I'm like, well, I didn't.
I didn't hire no dang on dunk trailer. I didn't.
What's this dunk trailer doing there? And uh, come to
find out, UH is Tim Burker. Why the heck did
(15:09):
you have a dump trailer on our property? And what's
the history of the dump trailer? You bought this dump trailer? Uh?
Speaker 2 (15:17):
No, I didn't buy it, but I got thieves.
Speaker 1 (15:21):
You had to hide out for a little while until
I got it paid. No, just kidding, Okay, So what's
the what's the history of this dump trail? So the
history of the dump trailer is Uh.
Speaker 2 (15:30):
I got a call a friend of mine who was
running the manufacturer, who was actually you know, producing and
making those dump trailers, and he wanted me to come
in and do a similar pretty much on financial literacy,
peak performance and diversity and so long story short, I
went in the day before, assessed everybody, talk to the people,
(15:52):
went back to my hotel and put everything together, showed
up the next day, met with the executive staff and
the team, and did my prisonation and so afterwards, you know,
he said, man, that was great. You know, everybody loved it.
You know, people you know, got great reviews.
Speaker 1 (16:06):
Here's your check.
Speaker 2 (16:09):
I said, well, look, so.
Speaker 1 (16:09):
Wait a minute, all arts, so you're not now you're
doing seminars and you're the jack of all trade exactly
talking about how did you do it? My man, it's
a slam go ahead. How did you get ther trailer?
Speaker 2 (16:20):
But now you didn't steal it?
Speaker 1 (16:21):
There?
Speaker 2 (16:21):
I said, no, man, I'll tell you the story. So
when he handed me the check, I said, look, man,
you don't mind. I don't want to check. I'll take
one of those dump trailers out there. He said, man,
you're crazy. Why don't you check your money. I said, listen,
if I take that check from you, I got to
add probably by a notary be four five thousand to
it to get one of those trailers. So you keep
your money, keep it in your you know, slush fund,
(16:41):
whatever y'all need to keep it, and whatever you want
to put it. And uh, I'll just take one of
them dump trailers. He said, okay, let me go there
and talk to the people. And he was like, oh man, yeah,
give me that dump trailer. Because what they was gonna
pay me was a whole way more than what the
dump trailer that they it would cost them to produce it.
Speaker 1 (16:58):
So then when yet give it to them, they hurry up.
Speaker 2 (17:00):
I thought something wrong with it for a minute, but
that's how I got the dumb trailer. And I didn't
even have a truck at the time to pull it,
you know, because.
Speaker 1 (17:08):
Which is why he had the truck with no back
on it. My god, my man is CEO hustle. I'll
get me back up. Please hear me. You guys, you
don't matter how to it's two ways of to make money,
make more or spend less. My man is the CEO thrift.
So you go to give this speech. The guy ready
(17:30):
to pay you for your speech. You're not even a
professional speaker, you're a general contractor, but you obviously articulating
people or Christmas. You're dangerous from the neck up. So
he goes to give this speech, which he's not qualified
to do. Don't tell him that. Of course he's qualified.
That's not his but it's not his trade. And they
(17:50):
gonna pay him, and he's like, no, I'm not really
The cash he knows is gonna disappear. He's gonna spend,
his kid's gonna spend it, his wife's gonna spend somebody's
gonna spend it. He's like he looks over you said,
how about one of those dump trailers? Yeah, I take
one of those dump trails like that. Did you know
what it was worth? Oh? Of course? So what was
it worth?
Speaker 2 (18:10):
A dump trails were worth about brand new, like twelve
thousand dons. It was brand new, had never you know,
been off the lot. These are something they make that
that's the manufacturer.
Speaker 1 (18:17):
And did you know what the wholesale price was the cost?
I ain't no sale prices on those on this. I mean,
did you know the cost was to buy one like
what he would pay for it? Did you know what
that price was? Oh?
Speaker 2 (18:27):
Them price? They probably made it for about you know
three yeah, yeah, that what it cost them.
Speaker 1 (18:33):
Yeah, so your speech fee was sufficient to cover his
costs to right about sixty rand.
Speaker 2 (18:38):
But the dump trailer of twelve thousand, five hundred, so
I had to put another seats five hundred.
Speaker 1 (18:43):
To get the trailer. So you just keep your check,
keep the money, give me that trailer. That's a beautiful
that's a beautiful thing. There's two ways to make money,
make more to spend less. And what he just said
is similar to how we deal with financial coaching and operations.
Hope if somebody has a charge off on their credit
report that's ten years old. If it's a thousand dollars
(19:06):
phone bill or something like that, well, they chased you
for that thousand dollars for two three years. They couldn't
find you. One company sold to another. They finally sold
that debt to Joe's Finance Company. Jose Dance Company's example,
bought it for five cents on the dollar fifty bucks
in It was a thousand dollars debt. So when we
called Joe's Finance company to try to resolve that debt
(19:30):
for the client, Jose Finance Company wants to double their money.
So they bought it for fifty bucks. They want one hundred.
But if we offer them two hundred, which is an
incredible profit for them, it's an eighty percent discount. For
my client because she owes a thousand, she's paying two hundred.
It's a two hundred percent of profit on the or
(19:52):
better for the Jose Finance Company's example. Everybody win. No
fair change is no robbery. Everybody walks away from that
clean in my in my client gets a credit score
a pop of forty points. That charge off comes off
of the credit report. You can't get obsessed with, oh,
we're paying this person three hundred percent of what I
(20:13):
owe them or whatever. The thing is, No, when you
leave a negotiation, everybody should leave slightly annoyed. That's a
successful negotiation. So you left that negotiation you you you
were you know it was more than he paid for it,
but lesson you would have had to pay for it
by one hundred percent. Yeah, you could have got caught
(20:38):
up with, well, what he's paying. I'm not gonna pay
any more than he paid for it. That's the wrong argument,
that's fact. That's arguing. That's emotional. Don't get emotional in business. Back,
you were not emotional in business. You were just like,
I know I could make money in my sleep because
you're charging a rental rate. He probably charged me a
rental rate for that day on that trash band put
(20:59):
on my property. I remember now that we did constructive
work on my property, and he probably charged me rent
while I'm trying while he's getting rent free, rent free
storage hustle. Economically he charged me, but his dang on
uh trash band. Now I'm fitting the whole situation now now,
but I mean I respect it. I mean, I just
this is this is uh, this is brilliant. So now
(21:20):
he takes the actually can't put this big old trash
bill on the back of that pickup truck. But if
he could, he would have. If Tim could have could
have latched that trash band or the back of that
that that F two is the F two fifty. Yeah,
well that's what I pulled it with.
Speaker 2 (21:33):
But I had to go to home depot in rental
truck to drive it, and I dropped it off at
his property until I got my truck.
Speaker 1 (21:39):
And then I went over there and down. So you
were able to pull that with the F two fifty.
Speaker 2 (21:42):
Yeah, I could pull it with, but I didn't have
a F two fit at the time.
Speaker 1 (21:45):
I had fifty with with no backing on it with.
Speaker 2 (21:48):
Ye, that's the one I bought to pull it with.
Speaker 1 (21:50):
You did pull it? Yeah, excuse me? He was. This
is a is a real this This dude is a
hustle I incorporated. All right, So there is this other
story I want to share. You were years and years ago.
Your wife is brilliant doctor and a nice person, nicer
(22:11):
than you, and she's an opg in rightg obgyn and
she was starting a practice or she had a practice
and she needed an office. You correct if I'm wrong.
Most people would have rented an office. Yeah, please tell
out the audience what happened in your situation? You went
to go look at an office, and I guess you
(22:32):
could have rented it. Yeah, what happened? So long story,
show attention.
Speaker 2 (22:35):
People got married September twenty ten. She was looking to
become a partner in the practice she was in in
twenty eleven. The owner told her didn't want to practice.
So that was around February. So August we found a
building and got her involved. But the key to it,
what do you want to know? One of the two
knows about how we bought about the property. That was
(22:57):
a guy who was a property four one hundred and
eighty thousand dollars what they want originally, and we just
kind of bagged off and waiting.
Speaker 1 (23:04):
You could have rented something. We could have rented it
right away, you know, and he would have been happy
to reunt it to you. Yeah. Okay, So now I continued,
and so what my wife did once we start her office.
Speaker 2 (23:13):
Originally, before we bought the building, we did a timeshare
with another doctor. So he was only there because he
was a surgeon. He was onned there in that area,
maybe like Monday, Wednesday and certain days like half a day,
so whatever half a day he won there, she was
gonna use it. And so I told him coming in
because he didn't need like saints and stuff like that.
He just coming check calls and do stuff like that.
They need something taking back to the hospital. So by him,
(23:35):
she knowed him as a friend. They you know, went
to school together and there's some you know, surgeons and
things like that together. So I went in and renovated
that office and to charge him because he was allowing
her to come in that space and use it, and
so he did a bar track. That's how we didn't.
Then we found the other building. So it's so economics.
So we found the other building that we really really wanted,
(23:56):
and so we went over there and looked at and
met with the owner and first like said, he wonted
four hundred and eighty thousand.
Speaker 1 (24:01):
We waited and he came back to the price drop
slowed down, mister financial genius. Slow it down so people
can keep up with you. So you were going to
rent the building, you went and found a co op
situation time basically sharing a space you did some work
for the surgeon in exchange for rent. Then you found
(24:21):
another building that you actually wanted to have yourself. The
owner wanted four hundred and eighty thousand. What happened next.
Waited for a little while, maybe bout a year.
Speaker 2 (24:31):
So then the price dropped because nobody you know, I guess,
bought it or looked at it, I had any interest in.
So he dropped it to two two five.
Speaker 1 (24:37):
Where was your wife during the time that you're waiting
or she operating still in time situation?
Speaker 2 (24:43):
Then the time, so patience, patience, Patience is key. Patience
is a virtue. So we meet the gentleman over there.
So my wife had a financial advisor at the time.
So we go over there and meet the owner. But
before we left, I told him we don't rent. I
want to buy it. That's that's my strong purchase it.
So we get over there. The guy said, oh, yeah,
(25:03):
two twenty five, twenty percent down. I wouldn't do on
the finance, and you know, I'm gonna fix the roof
and I'm gonna fix it.
Speaker 1 (25:08):
I said, oh, stop right down. I don't need you.
Speaker 2 (25:11):
I don't want you changing the light bulb. I want
it just like it is. So that twenty percent down,
that's like fifty thousand dollars. I said, look around here,
this place is gonna need about one hundred thousand dollar
worth for renovation. I said, so I'm gonna renovate this office.
I'm buying on my strength, not my wife. I said,
so you're talking to me, not her. Get her out
of the picture. I said, so that's my stronghold, that's
(25:32):
my capability. And he said, well, I just think if
you you know her financial ADVI. I was jumped in
and said, well, I think if you rented for two years,
I said, hold on, I stopped. I said, sir, let
me tell you something. We ain't doing no rent if
you want to sell them in this bill. And he's
gonna make me offer that I can't refuse, and we're
gonna take it now. If you don't want to do that,
we're gonna end this conversation.
Speaker 1 (25:51):
So this dude's gagster. This is financial literacy. Gagster is
one on one, dangerous, dangerous.
Speaker 2 (25:58):
Okay, continue, So the general's are okay, he said, I
got your point, and I hear you. So the next day,
this lady walks into my wife office and you know,
my wife's sister, and you know, staff was up front,
and lady came and asked, who is Tim Burrd. I
won't know what is. So here's a woman coming in
and asking these women who am I. So they looking like, hey,
what you asking that for? So she said, I'm sorry,
(26:19):
she said, I'm with you know. The doctor said, oh,
she's I've never seen him do this before. He sent
the keys over. He wanted twenty percent down. He said,
give him five thousand down and he'll finance it fifteen years,
six percent.
Speaker 1 (26:32):
Interest, six percent interest, six percent interest. I love it,
and I said we'll take it, which is a great
rate for a commercial building. By the way, people are
complaining about one two three percent. You'll never see one
two three percent again in your life. That was free money.
Speaker 2 (26:45):
That was twenty and thirteen.
Speaker 1 (26:46):
Get it out your head, right right, It's okay, And
this is selling financing, which is going to be more
expensive anyway. But okay. So versus the fifty thousand dollars,
Now you convinced them you're going to improve the property exactly,
which is his property until you pay it off. So
if you default, you improved his property. He wins. He
gets the property and your improvements. By the way, don't
(27:07):
get mad at this. This is capitalism, This is act fair.
Change is no robberty. This is the way this works.
Don't take it personal. It's not every again, in a
great negotiation, everybody wins, slightly annoyed kept the owner didn't
get everything they wanted. Tim didn't get everything he wanted.
Actually Tim actually did got to bring the guy just
didn't know it. So now five grand down so you
can know its sell economics. Five grand down, yep, six
(27:32):
year term, no, fifteen years, fifteen year term, six percent interests. Right,
you're doing improvers of the property with your own with
your own construction company. So you're doing get at cost
over your time. Okay, where are we at now? Where
we are now?
Speaker 2 (27:45):
We still own the building, my wife is still practicing,
and the building have gone from two twenty five. We
just kind of looked it up and did I'll let
you tell no, but he numbers.
Speaker 1 (27:53):
Got yeah, So the building now is worth conservatively seven
hundred and fifty thousand dollars. It's between seven fifty and
a million. And knowing I'm not giving you the dang
on address, so you can go and harass him and
his wife, trying to sell them buy the building from
him a dollar. I'll just tell you that it's it's
somewhere here in Georgia, and it's and it was a
brilliant business move. They've they've tripled, maybe quadrupled the profit.
(28:20):
And if they had rented all this time. Again, we
have this short term mentality a lot in our community.
I want to get this cash, we'll get this bag.
I want to get this dollar. I want to get
this money. But all cash is is a medium of
exchanging value. That's it. It's completely overrated. What we want
to do is you build wealth in your sleep. So
Tim just gave you at least two examples, no three
(28:41):
examples of building wealth in your sleep. He gave you
an example of mindset. You want to be famous, you
want to be dang dangerous, dangerous from the shoulders up.
So how you're thinking about mindset, what you got from
his grandparents, got how he grew up, which which hopefully
we'll get to some lessons before we finished the podcast episode.
The second lesson he gave you was this raggedy truck.
(29:02):
Actually it's four lessons. This raggedy truck that he had
on my pro and I still have that truck. Actually,
he's not a raggedy truck. It just it just looks
Raggedycus doesn't have a back in on it. There's no bed.
You said, is there a bed on it yet? Nope?
You know I have a bed on that truck. It's
because you don't want to send the money if it
ain't broke, don't feel better, and you still don't care
what anybody thinks. But you're driving a state it's right.
(29:34):
So what was the truck worth? Do you think when
you bought it? What was the value? Man?
Speaker 2 (29:38):
Two fifty two thousand and four with fifty five thousand
dollars on it? Man, you're looking up with fifteen twenty
five thousand dollars.
Speaker 1 (29:45):
Really, yes, So you bought it for half or or
better because it was.
Speaker 2 (29:50):
You had a back on it, and they probably just
didn't know the advantage and wanted to get rid of them.
Get it off they lot. Okay, So and guess what
I took it off?
Speaker 1 (29:57):
Exactly. I drive and I'll be in account, I'll be
in the country. Sometimes I'll be driving somewhere and I
just you know, you'll drive by a property and you'll
see a truck or something, or a car or tract
or something in the backyard sort of all got stuff
on it, just covered up. The owners don't know what
that is. It maybe the father passed away. And when
my path father passed away, he had a bunch of
construction equipment. I mean, I didn't know the worth of it.
(30:21):
I just want to get rid of it. So we
I saw my people just sell it for whatever you
can get. Let you know, bless somebody else. So imagine
people driving by somebody's farm, ranch house just looking for
things that they don't value. But you do. That's what
you did in this situation. You valued it. You understood
the value that guy didn't. So that was the second example.
The third example was the dump trunk you left on
(30:45):
my thing on property charged me rent for as he
charged me calls to do the work economics right, and
he still has equipment on my property, attractor and some
other the skid that we use. You even know this
stuff that leveled my property. But that big old barrel thing,
(31:05):
I don't know. You can give me fresh.
Speaker 2 (31:08):
But most people know him as like a bobcat. So yeah,
you bomb a brand new him because he you know,
and this propertly creates some trends.
Speaker 1 (31:15):
Nah, No, he just he's using me as a storage facility.
That's what he's doing because he's he's stingy. You don't
want to spend no money, all right, That's what friends inform,
That's what friends report. So then he has this commercial
real estate deal, which I think is absolutely brilliant. And
this is the example. Like people like the young people
are like, oh, I'm tired of on this house. I'm
(31:36):
gonna sell his house they just bought it two years ago.
I'm gonna move into an apartment. Horrible move, really not smart.
You're gonna move in this apartment. You're gonna be flossing, chilling,
you know, living your best life. And ten years now
from now, you're gonna look back at that house you sold.
It's gonna be it's gonna have doubled in value. Now
you can't afford to go back in that house. You
(31:58):
spend all the cast that came from selling that house
on rent, You paid people like me to house you,
and now you talk from the flow up. So because
we're FLOSSI yeah, right, So this has been fantastic already.
Is there another lesson or two? You have that you'd
like to to share with the audience before me, I
(32:20):
want to I want to wrap up with some just
some wisdom from your growing up experience.
Speaker 2 (32:24):
But what what else did you I think one of
the most important story. My wife is ob gyn. You know,
she went to school twenty four years.
Speaker 1 (32:31):
Of her life. I went to skip her name because
she's Julian Adamsburg great lady.
Speaker 2 (32:36):
Yep, so she's a doctor.
Speaker 1 (32:39):
Here I am kid, and my wife and my wife
her friends.
Speaker 2 (32:42):
Yeah, grew up in Atlanta, Georgia parent homes, went to
Archer High School and pretty much went to an under
take for a few years for the motor technology.
Speaker 1 (32:50):
Never they finished.
Speaker 2 (32:51):
So now we're dating and you know someone girlfriend and
they're like, what he's like one of the Tyler Perry moves.
He never went to college. And then and I had
four k is. She didn't have any kids. So long
story show, we started dating serious. So you never went
to college. One to college.
Speaker 1 (33:07):
Millionaire. Ten bird's a millionaire. He's married ladies, so get that.
But he's a millionaire. Never went to college, proud of it.
But this is one of the smartest guys I know.
He'll run circles around he went to college degree. By
the way, I never went to college. Hello. G ed
out of high school, which Chris Rock called a good
enough diploma. Right, I've got, I've got, I've got two
(33:31):
or three honorary doctorate degrees. I've got, I've got, you know,
certificates from Harvard, Harvard University, Harvard. But I went to
community college. Right anyway? Wow? Right?
Speaker 2 (33:43):
So we dating and all the friends come in and
meet me, and we talked. And one of the things
I did and I just asked everybody at the table,
was the last book you read that telling you where
you're going to your future? He's like, wow, So I
started naming some books. So long story showp. We decided
to get married, and I said, hey, we start discussing
the winding, start talking about anything. We need to buy
a piece of property, pay cash for it, because something
(34:06):
has to pay for.
Speaker 1 (34:06):
The wedding. Is not coming out of my pocket. WHOA
say that again?
Speaker 2 (34:11):
You gotta pay for this wedding.
Speaker 1 (34:13):
It ain't coming out of my pocket. The wedding has
to pay for. The wedding is not coming out of
your coming out of my pocket?
Speaker 2 (34:18):
You you told your wife yes, and she agreed. So
we found a place of property. This was back in
twenty ten, right after the you know, big burst. We
bought a piece of property for twenty thousand dollars.
Speaker 1 (34:29):
So you took the benefit of the fact that people
were you know, in foreclosure losing their houses, which is
not your fault. It was going to happen anyway. So
now that economy's falling apart, you're going to take the
advantage of buying a property at a low at low price.
And we're about to tell the rest of the story,
but I want the audience also to listen to this,
Like eyebought properties as a result of the of the
(34:52):
economic disaster of a great recession of two thousand and nine,
eight nine ten. You know, out on the back end
of that, I bought a bunch of properties that went
up in value. So people don't get like all emotional
and and oh, you know you're benefiting because somebody likes Yes,
that is capitalism. That is the way I didn't. I
(35:13):
didn't cause the person to lose their property. Wasn't in
their their their finances caused them to go and overspend
on stuff. People make decisions that they make. I have
nothing to do with it. Timant nothing to do with it,
but was. But if a value comes to you that
you can take advantage of, then rainbows after storms. You
cannot have a rainbow without a storm verse. So so
(35:33):
now you you benefit from the crisis, the market crash.
Speaker 2 (35:37):
And two years before the house was sold for one
two and we bought it for twenty thousand, twenty thousand.
That was in twenty ten. Okay, so held a house
rent them a big distant renovation. So it was a
three two when I purchased it. People to oh three
bedroom too bad, I'm sorry.
Speaker 1 (35:54):
And I turned into a six bedroom in four bath
and we just recently sold it for two hundre in
eighty four thousand. I love that bottle for twenty thousand,
bottle for twenty sold her for two yeah, two eighty
to eighty four. And you put up how much into
it with eighty.
Speaker 2 (36:09):
Pro No, you know I owned it, and so it
was me and I had like three houses on that street,
put probably about with me doing the work in my
team probably put about thirty five forty in.
Speaker 1 (36:22):
This straight up us. And you said you owned three
or four properties on that street. Yeah, I didn't play
houses on that street. You b working for me, I
need to be working for him. I mean I probably
am working with him and just don't realize it. Ez
all right, and we don't have time. Maybe we'll have
you come back. We were time for all these stories
because you you also helped to build a huge church.
Speaker 2 (36:42):
Yeah new Birth. I knocked on you. I did had
the pain contract long story shot. I was supposed to
be thirty five percent. I ended up doing eighty five percent,
and then I eventually started doing maintenance.
Speaker 1 (36:51):
Yeah the church. Yeah, yeah, it's a huge facility.
Speaker 2 (36:54):
And uh, you know, very thankful to Bishop Long who
made sure that happened, stood and make sure we had
opportunities in that church.
Speaker 1 (37:01):
Eddie Long had hired you there.
Speaker 2 (37:03):
Well, he made sure you know, you had minority contracts
and vendors in now, and he promised one thing. Look,
I can get you in the door and make sure
you get thirty five percent, but the rest is up
to you. So they got me in on the pain
and I had thirty five percent guaranteed, but I ended
up doing eighty five percent.
Speaker 1 (37:18):
So no no handouts, no handouts like listen, I'm gonna
give you, I'm gonna This is a James Brown version
of a heard of action open the door myself. So
he opened the door, created opportunity for you. But you
have to hustle. Yes, you have to do the work.
And you want thirty five percent that contract to eighty
eighty five percent. That's fantastic. Yeah, okay, so much with
Tim Bird. You called me one I get these calls
(37:41):
out of the blue from Tim. You know it's straight
called me one day. Uh, I want to buy a
hundred of your books. Uh, this is financial a couple
of my books. But you want to give you want
to give them away the member of the time. You
want to give them away to young people.
Speaker 2 (37:53):
I was working with your young guys, and I encourage
him to read the book and then who have give
me the best report, get like one hundred dollars. Okay,
and why don't you do that? Well, one thing we understand
to be transformed. You have to renew your mind. And
you're talking about the same thing when you had the
person who had that thousand dollars debt. It's okay, I'm
gonna help you get that debt reduced. So that person
changed their mind at that point because somebody started working
(38:15):
with them, start showing them the better way. From the neck,
from the shoulder, that you start thinking different when you
change your mind. See he always say, if you hang
around nine broke people, you'll be the ten. I say,
if you hang around one with the person, you'll be
number two.
Speaker 1 (38:31):
That's why I can't get rid of Tim Burke. I
come out of my bathroom. There is come out of
my master lives that ever is like walk in my office,
there is Tim. Tim's bad a bad brother, mean a
good brother. You everybody needs a Tim burd in your life.
And something happens at midnight, I'll call Tim, and Tim
(38:51):
will I'm there. You know, you know, don't worry about it.
So our family really is blessed to happen in our lives.
Shake Truman eye. Okay, you called me one day and
said you were becoming a film producer. This is also
economics always and I was gonna be featured in this
(39:17):
animated fail. Let's talk about that real quickly. Yeah.
Speaker 2 (39:20):
So we took john last two books up from nothing
and the financial literature all, and we took young kids
that the companies make believe village that I'm a partner in,
and we do put the partner at yet another. Yeah,
found the door and full. You know, he gave me
an opportunity to come in and be a party. So
what happened? John told me one day I was out
at the property. Hey man, I quoted you in my
(39:42):
book and I didn't know it. And he signed the
book and gave it to me, and I was like wise,
I'm gonna tell you where it is. Go read the book,
and so I want to make sure you can read.
You would read, So he said, I want you to
go in there and find it. I ain't gonna tell
you where it is.
Speaker 1 (39:53):
So he's read the book.
Speaker 2 (39:55):
So John always doing stuff to surprise me, and I
did something to surprise him. So we took the those
last two books and created a short fems. So I
think he posted, but we'll reposted again. And we took
you know, my sons and other young kids and allowed
them to do the puppetry. And they was able to
tell the story because you know everything that you say
normally your sayings, we allowed that to be put in
and we produce. I mean, it is professional. When you
(40:16):
see it, it's amazing and right to this day is
touching so many young people lives and parents. So now
we just finished up a program from last year and
this year working with the Marriage Cultural Affairs Office where
we take kids in and the marriage office. They paid
them to come over there and learn services that we're providing.
You know, we dat you a how to build sets
because that's part of the destruction site. We teach them
how to write, direct produce, I mean, storytelling, broadcasting, doing
(40:39):
it all. And I also have a food trail you
at that.
Speaker 1 (40:43):
Okay, my man owns the I forgot about that. He
was the food They called me one day. It's like, hey, look,
the next time you have an event, you and you
and Shaye or you and operation over whatever, you know,
just let me know. I'm gonna bring the food trailer
over and uh you know, I'm gonna give it to
you for free.
Speaker 2 (40:56):
You know, we take care of your guests, you know.
You just tell them how many numbers we will take
care you tell us menu we got you.
Speaker 1 (41:01):
And and he's genuine about the free It's not like
it's not like a bait and switch. My senses, we
never talked about this again. The James Brown version of
affirmative action open the door. I get it myself. My
sense is that Tim is smartenough to know if I
get around John's friends, these corporate people, these leaders, these
billionaires and successful people, and if I impress them with
(41:21):
how good my service is, somebody's gonna want to hire me.
Am I right, hustle econnumbic. So he'll do it for free.
But he's really investing in himself. And we've never talked
about this, and I'm gonna take a muff for his
offer free, believe you me, but but I but he
just believes that he if people see what he's doing
and who he is, that they will be impressed with
(41:41):
that and they will want to invest in him, which
I think is correct.
Speaker 2 (41:45):
And we will be bringing the food truck to you
don't know, we go take It's the last thing I
would say. With those kids and my son, who's ten
years old, I asked them a question, all the kids
in the camp. I said, if you could change one
thing today or in the future, what would it be.
And my teen year old said, well, Dad, I would
love to help the homeless people and help people, you
know who are challenged. I said, okay, so where we
(42:06):
have our studio is right up the street. You know,
homeless people's up there. And we said no, we're not
calling them homes. We call them community partners. So three
days later, I want to be there to talk to
the people. I said, Look, we're gonna come up and
I'm gonna have my kids. We're gonna bring some you know,
food trailer. We're gonna cook, We're gonna serve you. I
don't want you to move. The kids gonna come and
serve you. You're telling them what you want, they're gonna bring.
Speaker 1 (42:25):
It to you.
Speaker 2 (42:26):
So we pull the food trail up and we're cooking
the food live right there. For the community departments, we
don't call them homeless. We call them community departners. That's
what I told them, and it changed both of their
lives because I asked the people. I said, give the
kids something that they can always take with them, and
the kids gonna give you something that you can always
take with you in that service. And I always told them,
if you ever want to get to the top learning
(42:46):
how to serve, you have to come to serve and
not be serving. And that's one thing I love about
this guy. When he told me his vision in the beginning,
I want to finish. But Abraham Lincoln, the doctor King started,
I said, man, that's a tall task. You got to
be crazy. You got a balu of your mind, he said, ten,
I am, and I trust God to help me do it.
And so that's why I'm with this guy. That's why
I support him as he's.
Speaker 1 (43:07):
Almost what he do, what you do. He's talking about
Freeman's Bank, by the way, as we wrapped up, and
you guys, by the way, audience, tell us whether you
want me to bring Tim Bird back for part two
of My Man's got the stories for days? He tried out, Oh, well,
you know, all well far you now come on and
(43:27):
give it to him, give him to him. Come on,
just give it to him. Uh, the real Tim Bird?
Speaker 2 (43:32):
Please my way into the frequent Remember I was your photographer,
your person potalpic. You didn't know you had a personal
talk until I got there. What was this that the
Freedman's make Remember how your personal photographer.
Speaker 1 (43:41):
At the event. Yeah, oh that's right, that's right, that's right.
He was taking pictures from me, Tim, Tim Tim is
always showing up, trying to trying to serve, trying to help.
What why what did you see? And what I'm doing?
What we're doing? Is you think was so profound and important?
(44:04):
That you wanted to lean into it. So thank you
for all that you've done and you supporting and volunteering
the work. Most times we does work for Operation Hope
whenever he does not send the bill, volunteer. And number two,
what is a lesson or lessons that you want to
leave the audience with today?
Speaker 2 (44:19):
I mentioned the word serve, and I think that's the
greatest ability that I've watched you. You know, you serve
the community, serve people who don't even know what you're
doing for them. You're going into places bringing back the
resources to make sure we live a better life. And
when you say you want to eradicate poverty, I watch
it and I understood one thing about service. I started
studying that one thing. I realized Doctor King serving doctor
(44:41):
Elive and aids. Ambassador Young served Doctor King, and I
watch you serve, Ambassador Young, and that's why I serve you,
because if we do this, that's generational. This goes beyond
the grave. So when you die, it matter that you
live a lot of people see you and know you
and hear you. And to be able to help people.
(45:03):
And my daughter and her husband came through your problem
got me cretter straight got the financial literacy, got the
homebuying seminar, got a bank to get them approved, and
they bought the house.
Speaker 1 (45:16):
Beautiful, beautiful, beautiful, full circle to Mori and Q Prayer.
I did not know that.
Speaker 2 (45:22):
Yeah, see, I told him I was gonna say, because
he always surprised me. I surprised him.
Speaker 1 (45:25):
Yeah, I did not. That's your daughter. Yeah, homeowner. That's fantastic.
He's a home Operation Hope. That's Operation Hope.
Speaker 2 (45:30):
So it works. And I can tell anybody if you
don't know who you are, if you don't know why
you're here, I can guarantee you one thing. If you
found an Operation Hope near you. If you walk in
the bank and you see Hope inside on that door,
go in, get involved, tell those people where you are.
Don't be ashamed, don't be afraid. As you can see
when I drove that truck up on that multi million
(45:51):
dollar property, don't get me wrong, joining my friend, I
don't care what he thought about to serve that he needed.
That truck was bringing it.
Speaker 1 (45:58):
That's right, that's true.
Speaker 2 (46:00):
Laughed and we laughing, and that it was a lesson.
So never be afraid, don't be ashamed. Let people know
who you are where you are. That's how you get help.
That's how you transform your mind, and that's how you
become the person that God created you to be.
Speaker 1 (46:13):
And you're able to do all the stuff you're able
to do because you live under your meetings.
Speaker 2 (46:16):
Oh, most definitely, most definitely when I tell my kids,
you know, one time my son came home with a pair,
you know, expensive shoes, you know, and I told, hey, man,
get your stuff, get out of my house. He were like, what,
That's what I tell you. You would never put more in
somebody's than you put in yourself. If you don't have
that in your bank account, out of my house.
Speaker 1 (46:35):
Swear manute. So he came home with some expensive shoes.
He's staying with you, stayed there free as.
Speaker 2 (46:40):
Long as you want to. He was in school and
he went about, you know, I was out of the town.
Came back and I saw the shoes on the bed.
I say, you bought those? Yeah, get up my house.
I said, you would never have more on your closet
than you doing your bank account.
Speaker 1 (46:53):
So you basically teld me you got it. You're on
your own now.
Speaker 2 (46:56):
Yeah, but you know what he did smart lost in
economics from the neck up. He got online, put those
shoes online. So those shoes have showed me that I
sold him.
Speaker 1 (47:05):
Don't don't kick me out.
Speaker 2 (47:08):
Because if you get buy those shoes, yes, and you're
gonna support somebody else's been You're gonna pay you rent
in his house.
Speaker 1 (47:14):
That's right that there's a lot of love in the word. No,
I love you. You need to go get a job.
I love you. But if you're gonna have these kids,
you're going to take care of them. I love you,
But if you're gonna do the crime, you're gonna do
the time. I love you, but you've got to be
responsible for your actions. There's no free lunch. If it's free,
it's probably stale. Like these kids, right, they need they
(47:37):
need direction, man, they need structure, and somebody's got to
tell them no. Telling them yes and patting them on
the head it's not gonna help them. I really respect
me and like me and like me like men never
respect me. So that's really cool. Sir James, who you
and I both have a relationship with. He works for me.
Sir James would say. He said he to his kids
one day they said they didn't want to go to college,
(47:57):
and he said well, look, you have a choice to make.
I get to put you through school, this is the son,
or to put you through a wall. Yeah, and that's
that's agreed. But I got the memo.
Speaker 2 (48:08):
Yeah, one thing I say, I would never give you
adult privileges without adult responsibility. So I think too many
people give their kids adult you know, privileges without adult responsibilities.
Speaker 1 (48:18):
Yeah. So I was going to ask you what it
take away piece of advice? Would you just gave it?
It is anything else you want to share before we
wrap up?
Speaker 2 (48:27):
I just think, man, you know knowing who you are,
nor my God put you here. You've got to know
who you are because you don't. Just like I said, John,
always say, somebody tell you before sundown what you would be,
and that's not who you are. Never let nobody to
define you. Define yourself. Know who you are. Be bold
and be this way from the neck up.
Speaker 1 (48:45):
Dangerous from the neck up. If you don't know who
you are in the morning, by then at time, somebody's
going to tell you who you are. Okay, this has
been Money and Wealth on Black Effect Network and iHeartRadio.
This is Tim Bird of ten burd Enterprises're gonna look up.
You have a website denb Enterprises that oh make believe
village dot com. That's where we may believe Village just
(49:06):
one of his partnerships. What about your construction construction companies
and on. I kind of retired and turned over to
my son. So he's running it now. He's building them,
pay you, paying your licensing fee or some kind of
an override. It's nothing. I know he's getting paid, be
clear about that.
Speaker 2 (49:21):
But we get more into the real estate now looking
at by laying and started developing.
Speaker 1 (49:25):
So that's why I'm hanging with That's yeah. So he's like,
I noticed he's in my pocket. It's just it's just
not a hitch. He's not need to talk to you,
and he's not to get me to write a check.
He just wants to pick my brain. He wants to
pick my brain so he can go and replicate, because
most great things in life or copy, which by the way,
is very very smart, much smarter to pick somebody's brain
(49:47):
and pick their pocket. Picking their brain last longer smart
from that cup. So he's he's buying houses, rehabbing them,
selling them, buying rehabbing them, renting them, which is what
I did with the promise. Homes Company when I owned it,
so kudos to you. There's been money and Wealth on
Black Effect Network. And this is Tim Burt and be inspired.
Speaker 3 (50:08):
This is Husfle Economics, Peace in Life.
Speaker 1 (50:25):
Money and Wealth with John O'Brien is a production of
the Black Effect Podcast Network. For more podcasts from the
Black Effect Podcast Network, visit the iHeartRadio app, Apple Podcasts,
or wherever you listen to your favorite shows. The continu
Welcome The Money and Wealth with John O'Bryant, a production
of The Black Effect Podcast Network and iHeartRadio. Yo Yo Yo,
This is John Hope Bryant here. This is the Money
in Wealth podcast series is season two that has taken
(00:27):
the podcast world by storm. Thank you all for all
of your support. Top one hundred podcasts in America on
Apple on Business and Top fifty four Entrepreneurship. And every
week we come with you, come at you and to
you with exciting, powerful new learning, a new message, an
(00:53):
hour that changes your life. And this week is no different.
I've got my friend Tim Bert here with me. Who
And I think this is perfect because you should be
saying Tim Bird? Do I know him? Is he? Is
he a rapper? Is here? Is he an actor? Is here?
Is he a former football player? I should know who
(01:17):
Tim Bird is? No, Actually, that is actually the point.
You probably unless you're in Atlanta, where he is a
local hero, you a local legend, even in his space,
you would not know who Tim Bird is. That is
the point. I want all people, every black man, every man,
(01:37):
every Latino man, every white man, doesn't matter your race, place, whatever.
I want every man to model. Tim Burt introducing Tim
Bird of Tim Bird Enterprises, who is a friend of
mine who has an up from nothing story that absolutely
(01:58):
will inspire you. But he's also funny as all get up.
He's hilarious. He's like a sasquatch. If you if you
see him, he's like five times bigger than me. If
you get to see them the clips of this on
YouTube or on social you'll see my brother is you
don't mess with Tim Burt. So Tim Burt runs a
(02:19):
construction company. Is this is hustle economics? He was, Oh, John,
you're talking over my head. You know I don't understand
what you know. You will definitely get this. So Tim,
before we get into your personal story, which is inspiring
and some lessons you're going to give the audience and
leave folks with as they go on the journey of
(02:41):
their life in business and entrepreneurship and wealth creation and
cash flow, you understand something. You understand a couple of
things that you've told me over time that I just
think you're extraordinary. And if it wouldn't be offensive to
my my Jewish friend, I would say, I think you're
partly Jewish, and I mean that is the greatest compliment.
(03:07):
Like I've always said that black people need a Black
Jewish business plan. I think that this group of people
have found a way out of no way and really
became financially literate. And even though the world was against them,
they were for themselves and they were thrifty, and they
were smart, and they were you know, and I really
respect their achievement as a group and individually, and too
(03:34):
many of us a flosson black people were in the
assets on as too many of us are. And I
understand it. It's our background, is our history. We were
not allowed to get We were not taught financial literacy,
we were not taught how capitalism works. We were denied
(03:55):
that with the Freedman's Bank of eighteen sixty five, we
were denied. We have a darker com fflection. It's easier
to identify as segregate us, discriminate against us. There are
good reasons, good bad reasons why we don't have not
achieved because literally we've been held back at every step
as a group. Still we find a way, some of
(04:16):
us to succeed. Many of us actually, but some of
us extraordinarily successful. I would call you extraordinarily successful. But
because of the low self esteem that comes from the
way in which we were treated. Some of us floss
and gloss over substance. Some of us want to bling
and sing versus own and stand in that sense of
(04:39):
value that you created quietly. So you said something to
me many things that just had my head spinning. I'm like,
where does this guy come from? What the heck? Because
you want to try to impress anybody one? Thing you
said to me that you said to me? You said, John,
(05:00):
I put this in my book, Financial Literacy for All,
So you can go and watch, either listen to it
on audio tape, or go and read the book Financial
Literacy for All, number one bestseller to this day, fifteen
months after it's publishing. In the book, I cite Tim Burt,
and Tim says, you got to decide whether you want
to be famous or you want to be dangerous? All right?
(05:24):
What the heck did you mean by that? Do you
want to be famous? All right? This is the first
Tim bird lesson. What do you mean by you when
you're famous or dangerous? Well?
Speaker 2 (05:32):
I think too many times we get caught up in
having more in our closets than we do in our
bank accounts. We put so much money into things that
don't matter that won't last beyond us. Things we can't
take beyond the grave. So in order to be dangerous,
you know, I was talking about a lot of elderly
people growing up in Atlanta, grew up in pair of homes.
I would take people trash out twenty five cents as
(05:52):
a kid and just make money. They will would give
me good lessons and one thing you know about elderly people,
they will always remind you who you are, where you
come from, where they come from, and what it should be.
And I always hear them talking about legacy, and you
know you gonna get the word of God. Of course,
when you hear the word, when you die, with it
matter that you live. And I started thinking about that
(06:14):
as I got older and start thinking about what it
is to be dangerous. And one of the things that
really grabbed me when they always put scripture to you,
a good man leaves and inherited to his children's children,
that's being dangerous. And I was like, wow, if I
die today, you know, as I got older and started understanding,
what would my kids and my family have, what would
live beyond the grade.
Speaker 1 (06:35):
When I'm doing so this is a nice, sweet, wonderful
almost philosophical religious response. That wasn't that what? I what?
I remember when Tim and I were talking about this
a few years ago. He was upset, he was peed
off at some ignorance going on, and I remember the
I don't remember the context. I don't think it was
(06:56):
I got you. Yeah, I don't remember the context, but
I remember he was like, hey, man, like we got
to do I'm tired of this stuff. We got to
decide whether we want to be famous, right dangerous? What
we what? What got you? What is in our culture?
Because I know you love us and you want us
to be the best version of us, so to all
(07:16):
That's why I'm speaking truth to power. What got to
you in your gut that caused you to make that
that that powerful differentiation.
Speaker 2 (07:25):
I just think the level of poverty that you know,
I was witnessing. How we can sit back sometime and
allow people to dictate to us what we should have
and what they think we should have. But when we
start knowing who we are and say, hey, look, this
is where we draw the line. I'm here to do
a service to my family, to my friends, but at
the same time the community. So when you start thinking
about making money, people start telling you what you can't
(07:47):
do and where you can't go, and what you what
they think you should be.
Speaker 1 (07:50):
And I think you, you know, say this, If.
Speaker 2 (07:52):
You don't know who you are by the end of
the day, by the morning, come somebody gonna tell you.
Speaker 1 (07:56):
You might tell you who you are?
Speaker 2 (07:57):
You know, and if nobody, don't get pissed off behind that,
because that means you allow other people to define you.
And I refuse to allow anybody to define me because
in business people always tell you, well, you can't do this.
Who you to tell me what I can't do when
I know why?
Speaker 1 (08:12):
That's what I'm talking about. So now now you talking
about Now you're talking about so squatch. Here this is
tim Bert, who coming squash you with his brain. Okay,
so you're like, don't be celebrities, cool, but don't be
forget being famous. Be dangerous, dangerous from the neck up,
be smart, dangerous from the neck up. He's not talking
about braun, He's talking about brains. So you came rolling
(08:35):
up to my house one day. You came rolling up
in my house one day with a situation that I
thought was just just wild. You came rolling up in
our house with a truck I'm sorry. Half a truck
he drove up, and you know, and we have a
(08:58):
nice spot. Now I'm not trying to have no I
could be stuff up in my spot. I'm particular. Here's
this black man pulling up in half a truck, literally
half a truck the cab, but the back of the
truck's gone. What the heck's going on? This is a
homeless dude and made up into my property. Tim, what
was going on with half a truck man? So what
(09:20):
happened was what happened was to the situation that had happened,
was the situation had changed. John called me by some
things that he needed at his house. So I needed
a truck.
Speaker 2 (09:30):
And I was looking all over Fine, you know, truck
prices just high, you know, like you said, I got away.
I like to spend and save money. So I called
and I was looking online. I found this truck, but
they didn't have a picture on it. And so when
I called the people, because it was f two fifty,
like a zero four for like fifty five thousand miles
on it, I was like, man, this gotta be a
great truck, but it must be wrecked or something. I
(09:52):
maybe could take it and you know, fix it and
do what I need to do. So I called the
people and the guy said, man, how did you get
it that quick? He said, I just literally hit saying.
I said, look, I want the truck. If it's good shape,
if it's running, I'll take it. He said, well, I
got a little problem. I said, well, whatever problem is.
If they regular it's running, I'll take it for seven
thousand dollars fifty five thousand miles.
Speaker 1 (10:14):
Sir, slow down seven thousand dollars, seven thousand dollars four
and had fifty five two thousand four years. Yeah, two thousand,
had fifty five thousand miles five thousand, which is not
bad at all, bad at all. I mean, these trucks
go forever. And so you called and said I'll take it.
I said, I'll take it. So he said, well, there's
one little problem. You know, the truck don't have a
bed on it. I said, in the back of the
(10:36):
back of the truck. Yeah, I'm trying. I'm trying to
translate to everybody. Just stay with me.
Speaker 2 (10:42):
So the truck don't have a back on it, don't
have a bed on it, he said, just a frame
and just you know, just the truck but he said
it run pretty good.
Speaker 1 (10:48):
I said, I'll take it.
Speaker 2 (10:49):
I said, I'm on my way, and I said, do
I need to see your calls my life so you
can hold it for me.
Speaker 1 (10:53):
He said sure.
Speaker 2 (10:54):
He said no, just give me your name and i'll
hold it for you. He said, but you got an
hour to get here. So it was I want to
get there. It was a little further way, so I said, look,
I'm on the way. I got down there front of
the truck up he brought around. They had don't wash it,
and of course the nails back on the bed. And
the man said, man, you know what I mean, A
big mistake. I should have gotten this truck for my son,
(11:14):
but I couldn't send it to him because I gave
you my word. So I told him, I said, look,
here's the check. I wrote the check said.
Speaker 1 (11:22):
He paid for a cash. Yeah, so he paid for
a cash because you you went and did some jobs
and construction. Because you're a general contractor. You get paid
on the general contracting job, versus taking that money and
going buying some suits and some jewelry, or or flossing
off at the clubs or whatever. You banked that money,
you set it aside. You paid your bills and then
you look for a value situation that could build you
(11:45):
something that can make you money and build you wealth
in the future. And you thought you thought and buying
something under market versus paying more for it than it's worth,
like people leasing luxury cards. Right now, I'm buying leasing
paying four thousand, eight thousand dollars a month. People pay
it a month or a lease on a car. They
don't own what you bought this truck for. So versus
(12:07):
doing all that floss and stuff your values, who you
are said, mess the heck with all that. I want
to own this truck one hundred percent, but they take
my profit and create prosperity. They have this right. That's it.
So you wouldn't bought this truck. You didn't care what
it looked like.
Speaker 2 (12:23):
Ken when it looked like kre who looked at me
driving even you, so that I drove up.
Speaker 1 (12:29):
He was like, what the is you driving? I said,
A truck? Did I get over here? I said?
Speaker 2 (12:35):
What does it represent? Transportation? It transported me from one
place to display, So I'm here. I want to make
sure everybody's hearing you one hundred percent. So Tim is
a construction dude, hes a construction company. I used this
medium stuff. He's only doing this and I asked him
to do it. But this is a great role model
for you. So so you didn't care what it looked like.
You didn't care what I had to say about it
(12:56):
or anybody else. You didn't care if people looking at
you crazy in the freeway. You're like, what your view is?
I own it exactly. I'll never forget this stod And
I told you we laughed about it. I pulled up
to the gas stad. You know how people come up
and ask you for money. So this one lady walked over.
She looked at me, she said, what the is you driving?
She said, I will go to ask you for some money,
but looked like you need him. I said, when you
(13:16):
got two dollars over this game, you wanted to take
a care? Can you help me?
Speaker 1 (13:21):
Okay, I'll take you exactly, but looks to see me.
I'm sorry to see me. So you didn't care how
it looked. You didn't care what somebody's impression was. It's
your truck, all right. So this so now I come
up to the house one day and you know, we've
got some space and on acres, and so my man,
(13:42):
and by the way, he's the one who indirectly encouraged
me to we have forty acres, which goes back to
forty acres and the mule in an area in a
county that was a slave county years and years and
years and years and years ago. So if we really
thought it was a tipic of the halt of the
legacy of our ancestors that we would own forty acres, well,
(14:04):
Tim is the one who one of the people who
encouraged me to. You know, we don't want to give
my address, but the address of the property is has
some symbolism to it because it ties back to the
Freedman's Bank and all that. But the forty acres, Tim
was like, yeah, you gotta, you know, you gotta. I
started out of thirteen acres, you got to buy thissal wakers.
What I didn't realize that Tim also won the place
(14:26):
that park his crap. So hustle economic, hustle, economics. So
I come, I pull up one day. I pull up
one day and and Tim, well, there's a there's a
a dunk trailer trailer in my uh in my in
(14:48):
my well, on my property. I'm like, well, I didn't.
I didn't hire no dang on dunk trailer. I didn't.
What's this dunk trailer doing there? And uh, come to
find out, UH is Tim Burker. Why the heck did
(15:09):
you have a dump trailer on our property? And what's
the history of the dump trailer? You bought this dump trailer? Uh?
Speaker 2 (15:17):
No, I didn't buy it, but I got thieves.
Speaker 1 (15:21):
You had to hide out for a little while until
I got it paid. No, just kidding, Okay, So what's
the what's the history of this dump trail? So the
history of the dump trailer is Uh.
Speaker 2 (15:30):
I got a call a friend of mine who was
running the manufacturer, who was actually you know, producing and
making those dump trailers, and he wanted me to come
in and do a similar pretty much on financial literacy,
peak performance and diversity and so long story short, I
went in the day before, assessed everybody, talk to the people,
(15:52):
went back to my hotel and put everything together, showed
up the next day, met with the executive staff and
the team, and did my prisonation and so afterwards, you know,
he said, man, that was great. You know, everybody loved it.
You know, people you know, got great reviews.
Speaker 1 (16:06):
Here's your check.
Speaker 2 (16:09):
I said, well, look, so.
Speaker 1 (16:09):
Wait a minute, all arts, so you're not now you're
doing seminars and you're the jack of all trade exactly
talking about how did you do it? My man, it's
a slam go ahead. How did you get ther trailer?
Speaker 2 (16:20):
But now you didn't steal it?
Speaker 1 (16:21):
There?
Speaker 2 (16:21):
I said, no, man, I'll tell you the story. So
when he handed me the check, I said, look, man,
you don't mind. I don't want to check. I'll take
one of those dump trailers out there. He said, man,
you're crazy. Why don't you check your money. I said, listen,
if I take that check from you, I got to
add probably by a notary be four five thousand to
it to get one of those trailers. So you keep
your money, keep it in your you know, slush fund,
(16:41):
whatever y'all need to keep it, and whatever you want
to put it. And uh, I'll just take one of
them dump trailers. He said, okay, let me go there
and talk to the people. And he was like, oh man, yeah,
give me that dump trailer. Because what they was gonna
pay me was a whole way more than what the
dump trailer that they it would cost them to produce it.
Speaker 1 (16:58):
So then when yet give it to them, they hurry up.
Speaker 2 (17:00):
I thought something wrong with it for a minute, but
that's how I got the dumb trailer. And I didn't
even have a truck at the time to pull it,
you know, because.
Speaker 1 (17:08):
Which is why he had the truck with no back
on it. My god, my man is CEO hustle. I'll
get me back up. Please hear me. You guys, you
don't matter how to it's two ways of to make money,
make more or spend less. My man is the CEO thrift.
So you go to give this speech. The guy ready
(17:30):
to pay you for your speech. You're not even a
professional speaker, you're a general contractor, but you obviously articulating
people or Christmas. You're dangerous from the neck up. So
he goes to give this speech, which he's not qualified
to do. Don't tell him that. Of course he's qualified.
That's not his but it's not his trade. And they
(17:50):
gonna pay him, and he's like, no, I'm not really
The cash he knows is gonna disappear. He's gonna spend,
his kid's gonna spend it, his wife's gonna spend somebody's
gonna spend it. He's like he looks over you said,
how about one of those dump trailers? Yeah, I take
one of those dump trails like that. Did you know
what it was worth? Oh? Of course? So what was
it worth?
Speaker 2 (18:10):
A dump trails were worth about brand new, like twelve
thousand dons. It was brand new, had never you know,
been off the lot. These are something they make that
that's the manufacturer.
Speaker 1 (18:17):
And did you know what the wholesale price was the cost?
I ain't no sale prices on those on this. I mean,
did you know the cost was to buy one like
what he would pay for it? Did you know what
that price was? Oh?
Speaker 2 (18:27):
Them price? They probably made it for about you know
three yeah, yeah, that what it cost them.
Speaker 1 (18:33):
Yeah, so your speech fee was sufficient to cover his
costs to right about sixty rand.
Speaker 2 (18:38):
But the dump trailer of twelve thousand, five hundred, so
I had to put another seats five hundred.
Speaker 1 (18:43):
To get the trailer. So you just keep your check,
keep the money, give me that trailer. That's a beautiful
that's a beautiful thing. There's two ways to make money,
make more to spend less. And what he just said
is similar to how we deal with financial coaching and operations.
Hope if somebody has a charge off on their credit
report that's ten years old. If it's a thousand dollars
(19:06):
phone bill or something like that, well, they chased you
for that thousand dollars for two three years. They couldn't
find you. One company sold to another. They finally sold
that debt to Joe's Finance Company. Jose Dance Company's example,
bought it for five cents on the dollar fifty bucks
in It was a thousand dollars debt. So when we
called Joe's Finance company to try to resolve that debt
(19:30):
for the client, Jose Finance Company wants to double their money.
So they bought it for fifty bucks. They want one hundred.
But if we offer them two hundred, which is an
incredible profit for them, it's an eighty percent discount. For
my client because she owes a thousand, she's paying two hundred.
It's a two hundred percent of profit on the or
(19:52):
better for the Jose Finance Company's example. Everybody win. No
fair change is no robbery. Everybody walks away from that
clean in my in my client gets a credit score
a pop of forty points. That charge off comes off
of the credit report. You can't get obsessed with, oh,
we're paying this person three hundred percent of what I
(20:13):
owe them or whatever. The thing is, No, when you
leave a negotiation, everybody should leave slightly annoyed. That's a
successful negotiation. So you left that negotiation you you you
were you know it was more than he paid for it,
but lesson you would have had to pay for it
by one hundred percent. Yeah, you could have got caught
(20:38):
up with, well, what he's paying. I'm not gonna pay
any more than he paid for it. That's the wrong argument,
that's fact. That's arguing. That's emotional. Don't get emotional in business. Back,
you were not emotional in business. You were just like,
I know I could make money in my sleep because
you're charging a rental rate. He probably charged me a
rental rate for that day on that trash band put
(20:59):
on my property. I remember now that we did constructive
work on my property, and he probably charged me rent
while I'm trying while he's getting rent free, rent free
storage hustle. Economically he charged me, but his dang on
uh trash band. Now I'm fitting the whole situation now now,
but I mean I respect it. I mean, I just
this is this is uh, this is brilliant. So now
(21:20):
he takes the actually can't put this big old trash
bill on the back of that pickup truck. But if
he could, he would have. If Tim could have could
have latched that trash band or the back of that
that that F two is the F two fifty. Yeah,
well that's what I pulled it with.
Speaker 2 (21:33):
But I had to go to home depot in rental
truck to drive it, and I dropped it off at
his property until I got my truck.
Speaker 1 (21:39):
And then I went over there and down. So you
were able to pull that with the F two fifty.
Speaker 2 (21:42):
Yeah, I could pull it with, but I didn't have
a F two fit at the time.
Speaker 1 (21:45):
I had fifty with with no backing on it with.
Speaker 2 (21:48):
Ye, that's the one I bought to pull it with.
Speaker 1 (21:50):
You did pull it? Yeah, excuse me? He was. This
is a is a real this This dude is a
hustle I incorporated. All right, So there is this other
story I want to share. You were years and years ago.
Your wife is brilliant doctor and a nice person, nicer
(22:11):
than you, and she's an opg in rightg obgyn and
she was starting a practice or she had a practice
and she needed an office. You correct if I'm wrong.
Most people would have rented an office. Yeah, please tell
out the audience what happened in your situation? You went
to go look at an office, and I guess you
(22:32):
could have rented it. Yeah, what happened? So long story,
show attention.
Speaker 2 (22:35):
People got married September twenty ten. She was looking to
become a partner in the practice she was in in
twenty eleven. The owner told her didn't want to practice.
So that was around February. So August we found a
building and got her involved. But the key to it,
what do you want to know? One of the two
knows about how we bought about the property. That was
(22:57):
a guy who was a property four one hundred and
eighty thousand dollars what they want originally, and we just
kind of bagged off and waiting.
Speaker 1 (23:04):
You could have rented something. We could have rented it
right away, you know, and he would have been happy
to reunt it to you. Yeah. Okay, So now I continued,
and so what my wife did once we start her office.
Speaker 2 (23:13):
Originally, before we bought the building, we did a timeshare
with another doctor. So he was only there because he
was a surgeon. He was onned there in that area,
maybe like Monday, Wednesday and certain days like half a day,
so whatever half a day he won there, she was
gonna use it. And so I told him coming in
because he didn't need like saints and stuff like that.
He just coming check calls and do stuff like that.
They need something taking back to the hospital. So by him,
(23:35):
she knowed him as a friend. They you know, went
to school together and there's some you know, surgeons and
things like that together. So I went in and renovated
that office and to charge him because he was allowing
her to come in that space and use it, and
so he did a bar track. That's how we didn't.
Then we found the other building. So it's so economics.
So we found the other building that we really really wanted,
(23:56):
and so we went over there and looked at and
met with the owner and first like said, he wonted
four hundred and eighty thousand.
Speaker 1 (24:01):
We waited and he came back to the price drop
slowed down, mister financial genius. Slow it down so people
can keep up with you. So you were going to
rent the building, you went and found a co op
situation time basically sharing a space you did some work
for the surgeon in exchange for rent. Then you found
(24:21):
another building that you actually wanted to have yourself. The
owner wanted four hundred and eighty thousand. What happened next.
Waited for a little while, maybe bout a year.
Speaker 2 (24:31):
So then the price dropped because nobody you know, I guess,
bought it or looked at it, I had any interest in.
So he dropped it to two two five.
Speaker 1 (24:37):
Where was your wife during the time that you're waiting
or she operating still in time situation?
Speaker 2 (24:43):
Then the time, so patience, patience, Patience is key. Patience
is a virtue. So we meet the gentleman over there.
So my wife had a financial advisor at the time.
So we go over there and meet the owner. But
before we left, I told him we don't rent. I
want to buy it. That's that's my strong purchase it.
So we get over there. The guy said, oh, yeah,
(25:03):
two twenty five, twenty percent down. I wouldn't do on
the finance, and you know, I'm gonna fix the roof
and I'm gonna fix it.
Speaker 1 (25:08):
I said, oh, stop right down. I don't need you.
Speaker 2 (25:11):
I don't want you changing the light bulb. I want
it just like it is. So that twenty percent down,
that's like fifty thousand dollars. I said, look around here,
this place is gonna need about one hundred thousand dollar
worth for renovation. I said, so I'm gonna renovate this office.
I'm buying on my strength, not my wife. I said,
so you're talking to me, not her. Get her out
of the picture. I said, so that's my stronghold, that's
(25:32):
my capability. And he said, well, I just think if
you you know her financial ADVI. I was jumped in
and said, well, I think if you rented for two years,
I said, hold on, I stopped. I said, sir, let
me tell you something. We ain't doing no rent if
you want to sell them in this bill. And he's
gonna make me offer that I can't refuse, and we're
gonna take it now. If you don't want to do that,
we're gonna end this conversation.
Speaker 1 (25:51):
So this dude's gagster. This is financial literacy. Gagster is
one on one, dangerous, dangerous.
Speaker 2 (25:58):
Okay, continue, So the general's are okay, he said, I
got your point, and I hear you. So the next day,
this lady walks into my wife office and you know,
my wife's sister, and you know, staff was up front,
and lady came and asked, who is Tim Burrd. I
won't know what is. So here's a woman coming in
and asking these women who am I. So they looking like, hey,
what you asking that for? So she said, I'm sorry,
(26:19):
she said, I'm with you know. The doctor said, oh,
she's I've never seen him do this before. He sent
the keys over. He wanted twenty percent down. He said,
give him five thousand down and he'll finance it fifteen years,
six percent.
Speaker 1 (26:32):
Interest, six percent interest, six percent interest. I love it,
and I said we'll take it, which is a great
rate for a commercial building. By the way, people are
complaining about one two three percent. You'll never see one
two three percent again in your life. That was free money.
Speaker 2 (26:45):
That was twenty and thirteen.
Speaker 1 (26:46):
Get it out your head, right right, It's okay, And
this is selling financing, which is going to be more
expensive anyway. But okay. So versus the fifty thousand dollars,
Now you convinced them you're going to improve the property exactly,
which is his property until you pay it off. So
if you default, you improved his property. He wins. He
gets the property and your improvements. By the way, don't
(27:07):
get mad at this. This is capitalism, This is act fair.
Change is no robberty. This is the way this works.
Don't take it personal. It's not every again, in a
great negotiation, everybody wins, slightly annoyed kept the owner didn't
get everything they wanted. Tim didn't get everything he wanted.
Actually Tim actually did got to bring the guy just
didn't know it. So now five grand down so you
can know its sell economics. Five grand down, yep, six
(27:32):
year term, no, fifteen years, fifteen year term, six percent interests. Right,
you're doing improvers of the property with your own with
your own construction company. So you're doing get at cost
over your time. Okay, where are we at now? Where
we are now?
Speaker 2 (27:45):
We still own the building, my wife is still practicing,
and the building have gone from two twenty five. We
just kind of looked it up and did I'll let
you tell no, but he numbers.
Speaker 1 (27:53):
Got yeah, So the building now is worth conservatively seven
hundred and fifty thousand dollars. It's between seven fifty and
a million. And knowing I'm not giving you the dang
on address, so you can go and harass him and
his wife, trying to sell them buy the building from
him a dollar. I'll just tell you that it's it's
somewhere here in Georgia, and it's and it was a
brilliant business move. They've they've tripled, maybe quadrupled the profit.
(28:20):
And if they had rented all this time. Again, we
have this short term mentality a lot in our community.
I want to get this cash, we'll get this bag.
I want to get this dollar. I want to get
this money. But all cash is is a medium of
exchanging value. That's it. It's completely overrated. What we want
to do is you build wealth in your sleep. So
Tim just gave you at least two examples, no three
(28:41):
examples of building wealth in your sleep. He gave you
an example of mindset. You want to be famous, you
want to be dang dangerous, dangerous from the shoulders up.
So how you're thinking about mindset, what you got from
his grandparents, got how he grew up, which which hopefully
we'll get to some lessons before we finished the podcast episode.
The second lesson he gave you was this raggedy truck.
(29:02):
Actually it's four lessons. This raggedy truck that he had
on my pro and I still have that truck. Actually,
he's not a raggedy truck. It just it just looks
Raggedycus doesn't have a back in on it. There's no bed.
You said, is there a bed on it yet? Nope?
You know I have a bed on that truck. It's
because you don't want to send the money if it
ain't broke, don't feel better, and you still don't care
what anybody thinks. But you're driving a state it's right.
(29:34):
So what was the truck worth? Do you think when
you bought it? What was the value? Man?
Speaker 2 (29:38):
Two fifty two thousand and four with fifty five thousand
dollars on it? Man, you're looking up with fifteen twenty
five thousand dollars.
Speaker 1 (29:45):
Really, yes, So you bought it for half or or
better because it was.
Speaker 2 (29:50):
You had a back on it, and they probably just
didn't know the advantage and wanted to get rid of them.
Get it off they lot. Okay, So and guess what
I took it off?
Speaker 1 (29:57):
Exactly. I drive and I'll be in account, I'll be
in the country. Sometimes I'll be driving somewhere and I
just you know, you'll drive by a property and you'll
see a truck or something, or a car or tract
or something in the backyard sort of all got stuff
on it, just covered up. The owners don't know what
that is. It maybe the father passed away. And when
my path father passed away, he had a bunch of
construction equipment. I mean, I didn't know the worth of it.
(30:21):
I just want to get rid of it. So we
I saw my people just sell it for whatever you
can get. Let you know, bless somebody else. So imagine
people driving by somebody's farm, ranch house just looking for
things that they don't value. But you do. That's what
you did in this situation. You valued it. You understood
the value that guy didn't. So that was the second example.
The third example was the dump trunk you left on
(30:45):
my thing on property charged me rent for as he
charged me calls to do the work economics right, and
he still has equipment on my property, attractor and some
other the skid that we use. You even know this
stuff that leveled my property. But that big old barrel thing,
(31:05):
I don't know. You can give me fresh.
Speaker 2 (31:08):
But most people know him as like a bobcat. So yeah,
you bomb a brand new him because he you know,
and this propertly creates some trends.
Speaker 1 (31:15):
Nah, No, he just he's using me as a storage facility.
That's what he's doing because he's he's stingy. You don't
want to spend no money, all right, That's what friends inform,
That's what friends report. So then he has this commercial
real estate deal, which I think is absolutely brilliant. And
this is the example. Like people like the young people
are like, oh, I'm tired of on this house. I'm
(31:36):
gonna sell his house they just bought it two years ago.
I'm gonna move into an apartment. Horrible move, really not smart.
You're gonna move in this apartment. You're gonna be flossing, chilling,
you know, living your best life. And ten years now
from now, you're gonna look back at that house you sold.
It's gonna be it's gonna have doubled in value. Now
you can't afford to go back in that house. You
(31:58):
spend all the cast that came from selling that house
on rent, You paid people like me to house you,
and now you talk from the flow up. So because
we're FLOSSI yeah, right, So this has been fantastic already.
Is there another lesson or two? You have that you'd
like to to share with the audience before me, I
(32:20):
want to I want to wrap up with some just
some wisdom from your growing up experience.
Speaker 2 (32:24):
But what what else did you I think one of
the most important story. My wife is ob gyn. You know,
she went to school twenty four years.
Speaker 1 (32:31):
Of her life. I went to skip her name because
she's Julian Adamsburg great lady.
Speaker 2 (32:36):
Yep, so she's a doctor.
Speaker 1 (32:39):
Here I am kid, and my wife and my wife
her friends.
Speaker 2 (32:42):
Yeah, grew up in Atlanta, Georgia parent homes, went to
Archer High School and pretty much went to an under
take for a few years for the motor technology.
Speaker 1 (32:50):
Never they finished.
Speaker 2 (32:51):
So now we're dating and you know someone girlfriend and
they're like, what he's like one of the Tyler Perry moves.
He never went to college. And then and I had
four k is. She didn't have any kids. So long
story show, we started dating serious. So you never went
to college. One to college.
Speaker 1 (33:07):
Millionaire. Ten bird's a millionaire. He's married ladies, so get that.
But he's a millionaire. Never went to college, proud of it.
But this is one of the smartest guys I know.
He'll run circles around he went to college degree. By
the way, I never went to college. Hello. G ed
out of high school, which Chris Rock called a good
enough diploma. Right, I've got, I've got, I've got two
(33:31):
or three honorary doctorate degrees. I've got, I've got, you know,
certificates from Harvard, Harvard University, Harvard. But I went to
community college. Right anyway? Wow? Right?
Speaker 2 (33:43):
So we dating and all the friends come in and
meet me, and we talked. And one of the things
I did and I just asked everybody at the table,
was the last book you read that telling you where
you're going to your future? He's like, wow, So I
started naming some books. So long story showp. We decided
to get married, and I said, hey, we start discussing
the winding, start talking about anything. We need to buy
a piece of property, pay cash for it, because something
(34:06):
has to pay for.
Speaker 1 (34:06):
The wedding. Is not coming out of my pocket. WHOA
say that again?
Speaker 2 (34:11):
You gotta pay for this wedding.
Speaker 1 (34:13):
It ain't coming out of my pocket. The wedding has
to pay for. The wedding is not coming out of
your coming out of my pocket?
Speaker 2 (34:18):
You you told your wife yes, and she agreed. So
we found a place of property. This was back in
twenty ten, right after the you know, big burst. We
bought a piece of property for twenty thousand dollars.
Speaker 1 (34:29):
So you took the benefit of the fact that people
were you know, in foreclosure losing their houses, which is
not your fault. It was going to happen anyway. So
now that economy's falling apart, you're going to take the
advantage of buying a property at a low at low price.
And we're about to tell the rest of the story,
but I want the audience also to listen to this,
Like eyebought properties as a result of the of the
(34:52):
economic disaster of a great recession of two thousand and nine,
eight nine ten. You know, out on the back end
of that, I bought a bunch of properties that went
up in value. So people don't get like all emotional
and and oh, you know you're benefiting because somebody likes Yes,
that is capitalism. That is the way I didn't. I
(35:13):
didn't cause the person to lose their property. Wasn't in
their their their finances caused them to go and overspend
on stuff. People make decisions that they make. I have
nothing to do with it. Timant nothing to do with it,
but was. But if a value comes to you that
you can take advantage of, then rainbows after storms. You
cannot have a rainbow without a storm verse. So so
(35:33):
now you you benefit from the crisis, the market crash.
Speaker 2 (35:37):
And two years before the house was sold for one
two and we bought it for twenty thousand, twenty thousand.
That was in twenty ten. Okay, so held a house
rent them a big distant renovation. So it was a
three two when I purchased it. People to oh three
bedroom too bad, I'm sorry.
Speaker 1 (35:54):
And I turned into a six bedroom in four bath
and we just recently sold it for two hundre in
eighty four thousand. I love that bottle for twenty thousand,
bottle for twenty sold her for two yeah, two eighty
to eighty four. And you put up how much into
it with eighty.
Speaker 2 (36:09):
Pro No, you know I owned it, and so it
was me and I had like three houses on that street,
put probably about with me doing the work in my
team probably put about thirty five forty in.
Speaker 1 (36:22):
This straight up us. And you said you owned three
or four properties on that street. Yeah, I didn't play
houses on that street. You b working for me, I
need to be working for him. I mean I probably
am working with him and just don't realize it. Ez
all right, and we don't have time. Maybe we'll have
you come back. We were time for all these stories
because you you also helped to build a huge church.
Speaker 2 (36:42):
Yeah new Birth. I knocked on you. I did had
the pain contract long story shot. I was supposed to
be thirty five percent. I ended up doing eighty five percent,
and then I eventually started doing maintenance.
Speaker 1 (36:51):
Yeah the church. Yeah, yeah, it's a huge facility.
Speaker 2 (36:54):
And uh, you know, very thankful to Bishop Long who
made sure that happened, stood and make sure we had
opportunities in that church.
Speaker 1 (37:01):
Eddie Long had hired you there.
Speaker 2 (37:03):
Well, he made sure you know, you had minority contracts
and vendors in now, and he promised one thing. Look,
I can get you in the door and make sure
you get thirty five percent, but the rest is up
to you. So they got me in on the pain
and I had thirty five percent guaranteed, but I ended
up doing eighty five percent.
Speaker 1 (37:18):
So no no handouts, no handouts like listen, I'm gonna
give you, I'm gonna This is a James Brown version
of a heard of action open the door myself. So
he opened the door, created opportunity for you. But you
have to hustle. Yes, you have to do the work.
And you want thirty five percent that contract to eighty
eighty five percent. That's fantastic. Yeah, okay, so much with
Tim Bird. You called me one I get these calls
(37:41):
out of the blue from Tim. You know it's straight
called me one day. Uh, I want to buy a
hundred of your books. Uh, this is financial a couple
of my books. But you want to give you want
to give them away the member of the time. You
want to give them away to young people.
Speaker 2 (37:53):
I was working with your young guys, and I encourage
him to read the book and then who have give
me the best report, get like one hundred dollars. Okay,
and why don't you do that? Well, one thing we understand
to be transformed. You have to renew your mind. And
you're talking about the same thing when you had the
person who had that thousand dollars debt. It's okay, I'm
gonna help you get that debt reduced. So that person
changed their mind at that point because somebody started working
(38:15):
with them, start showing them the better way. From the neck,
from the shoulder, that you start thinking different when you
change your mind. See he always say, if you hang
around nine broke people, you'll be the ten. I say,
if you hang around one with the person, you'll be
number two.
Speaker 1 (38:31):
That's why I can't get rid of Tim Burke. I
come out of my bathroom. There is come out of
my master lives that ever is like walk in my office,
there is Tim. Tim's bad a bad brother, mean a
good brother. You everybody needs a Tim burd in your life.
And something happens at midnight, I'll call Tim, and Tim
(38:51):
will I'm there. You know, you know, don't worry about it.
So our family really is blessed to happen in our lives.
Shake Truman eye. Okay, you called me one day and
said you were becoming a film producer. This is also
economics always and I was gonna be featured in this
(39:17):
animated fail. Let's talk about that real quickly. Yeah.
Speaker 2 (39:20):
So we took john last two books up from nothing
and the financial literature all, and we took young kids
that the companies make believe village that I'm a partner in,
and we do put the partner at yet another. Yeah,
found the door and full. You know, he gave me
an opportunity to come in and be a party. So
what happened? John told me one day I was out
at the property. Hey man, I quoted you in my
(39:42):
book and I didn't know it. And he signed the
book and gave it to me, and I was like wise,
I'm gonna tell you where it is. Go read the book,
and so I want to make sure you can read.
You would read, So he said, I want you to
go in there and find it. I ain't gonna tell
you where it is.
Speaker 1 (39:53):
So he's read the book.
Speaker 2 (39:55):
So John always doing stuff to surprise me, and I
did something to surprise him. So we took the those
last two books and created a short fems. So I
think he posted, but we'll reposted again. And we took
you know, my sons and other young kids and allowed
them to do the puppetry. And they was able to
tell the story because you know everything that you say
normally your sayings, we allowed that to be put in
and we produce. I mean, it is professional. When you
(40:16):
see it, it's amazing and right to this day is
touching so many young people lives and parents. So now
we just finished up a program from last year and
this year working with the Marriage Cultural Affairs Office where
we take kids in and the marriage office. They paid
them to come over there and learn services that we're providing.
You know, we dat you a how to build sets
because that's part of the destruction site. We teach them
how to write, direct produce, I mean, storytelling, broadcasting, doing
(40:39):
it all. And I also have a food trail you
at that.
Speaker 1 (40:43):
Okay, my man owns the I forgot about that. He
was the food They called me one day. It's like, hey, look,
the next time you have an event, you and you
and Shaye or you and operation over whatever, you know,
just let me know. I'm gonna bring the food trailer
over and uh you know, I'm gonna give it to
you for free.
Speaker 2 (40:56):
You know, we take care of your guests, you know.
You just tell them how many numbers we will take
care you tell us menu we got you.
Speaker 1 (41:01):
And and he's genuine about the free It's not like
it's not like a bait and switch. My senses, we
never talked about this again. The James Brown version of
affirmative action open the door. I get it myself. My
sense is that Tim is smartenough to know if I
get around John's friends, these corporate people, these leaders, these
billionaires and successful people, and if I impress them with
(41:21):
how good my service is, somebody's gonna want to hire me.
Am I right, hustle econnumbic. So he'll do it for free.
But he's really investing in himself. And we've never talked
about this, and I'm gonna take a muff for his
offer free, believe you me, but but I but he
just believes that he if people see what he's doing
and who he is, that they will be impressed with
(41:41):
that and they will want to invest in him, which
I think is correct.
Speaker 2 (41:45):
And we will be bringing the food truck to you
don't know, we go take It's the last thing I
would say. With those kids and my son, who's ten
years old, I asked them a question, all the kids
in the camp. I said, if you could change one
thing today or in the future, what would it be.
And my teen year old said, well, Dad, I would
love to help the homeless people and help people, you
know who are challenged. I said, okay, so where we
(42:06):
have our studio is right up the street. You know,
homeless people's up there. And we said no, we're not
calling them homes. We call them community partners. So three
days later, I want to be there to talk to
the people. I said, Look, we're gonna come up and
I'm gonna have my kids. We're gonna bring some you know,
food trailer. We're gonna cook, We're gonna serve you. I
don't want you to move. The kids gonna come and
serve you. You're telling them what you want, they're gonna bring.
Speaker 1 (42:25):
It to you.
Speaker 2 (42:26):
So we pull the food trail up and we're cooking
the food live right there. For the community departments, we
don't call them homeless. We call them community departners. That's
what I told them, and it changed both of their
lives because I asked the people. I said, give the
kids something that they can always take with them, and
the kids gonna give you something that you can always
take with you in that service. And I always told them,
if you ever want to get to the top learning
(42:46):
how to serve, you have to come to serve and
not be serving. And that's one thing I love about
this guy. When he told me his vision in the beginning,
I want to finish. But Abraham Lincoln, the doctor King started,
I said, man, that's a tall task. You got to
be crazy. You got a balu of your mind, he said, ten,
I am, and I trust God to help me do it.
And so that's why I'm with this guy. That's why
I support him as he's.
Speaker 1 (43:07):
Almost what he do, what you do. He's talking about
Freeman's Bank, by the way, as we wrapped up, and
you guys, by the way, audience, tell us whether you
want me to bring Tim Bird back for part two
of My Man's got the stories for days? He tried out, Oh, well,
you know, all well far you now come on and
(43:27):
give it to him, give him to him. Come on,
just give it to him. Uh, the real Tim Bird?
Speaker 2 (43:32):
Please my way into the frequent Remember I was your photographer,
your person potalpic. You didn't know you had a personal
talk until I got there. What was this that the
Freedman's make Remember how your personal photographer.
Speaker 1 (43:41):
At the event. Yeah, oh that's right, that's right, that's right.
He was taking pictures from me, Tim, Tim Tim is
always showing up, trying to trying to serve, trying to help.
What why what did you see? And what I'm doing?
What we're doing? Is you think was so profound and important?
(44:04):
That you wanted to lean into it. So thank you
for all that you've done and you supporting and volunteering
the work. Most times we does work for Operation Hope
whenever he does not send the bill, volunteer. And number two,
what is a lesson or lessons that you want to
leave the audience with today?
Speaker 2 (44:19):
I mentioned the word serve, and I think that's the
greatest ability that I've watched you. You know, you serve
the community, serve people who don't even know what you're
doing for them. You're going into places bringing back the
resources to make sure we live a better life. And
when you say you want to eradicate poverty, I watch
it and I understood one thing about service. I started
studying that one thing. I realized Doctor King serving doctor
(44:41):
Elive and aids. Ambassador Young served Doctor King, and I
watch you serve, Ambassador Young, and that's why I serve you,
because if we do this, that's generational. This goes beyond
the grave. So when you die, it matter that you
live a lot of people see you and know you
and hear you. And to be able to help people.
(45:03):
And my daughter and her husband came through your problem
got me cretter straight got the financial literacy, got the
homebuying seminar, got a bank to get them approved, and
they bought the house.
Speaker 1 (45:16):
Beautiful, beautiful, beautiful, full circle to Mori and Q Prayer.
I did not know that.
Speaker 2 (45:22):
Yeah, see, I told him I was gonna say, because
he always surprised me. I surprised him.
Speaker 1 (45:25):
Yeah, I did not. That's your daughter. Yeah, homeowner. That's fantastic.
He's a home Operation Hope. That's Operation Hope.
Speaker 2 (45:30):
So it works. And I can tell anybody if you
don't know who you are, if you don't know why
you're here, I can guarantee you one thing. If you
found an Operation Hope near you. If you walk in
the bank and you see Hope inside on that door,
go in, get involved, tell those people where you are.
Don't be ashamed, don't be afraid. As you can see
when I drove that truck up on that multi million
(45:51):
dollar property, don't get me wrong, joining my friend, I
don't care what he thought about to serve that he needed.
That truck was bringing it.
Speaker 1 (45:58):
That's right, that's true.
Speaker 2 (46:00):
Laughed and we laughing, and that it was a lesson.
So never be afraid, don't be ashamed. Let people know
who you are where you are. That's how you get help.
That's how you transform your mind, and that's how you
become the person that God created you to be.
Speaker 1 (46:13):
And you're able to do all the stuff you're able
to do because you live under your meetings.
Speaker 2 (46:16):
Oh, most definitely, most definitely when I tell my kids,
you know, one time my son came home with a pair,
you know, expensive shoes, you know, and I told, hey, man,
get your stuff, get out of my house. He were like, what,
That's what I tell you. You would never put more in
somebody's than you put in yourself. If you don't have
that in your bank account, out of my house.
Speaker 1 (46:35):
Swear manute. So he came home with some expensive shoes.
He's staying with you, stayed there free as.
Speaker 2 (46:40):
Long as you want to. He was in school and
he went about, you know, I was out of the town.
Came back and I saw the shoes on the bed.
I say, you bought those? Yeah, get up my house.
I said, you would never have more on your closet
than you doing your bank account.
Speaker 1 (46:53):
So you basically teld me you got it. You're on
your own now.
Speaker 2 (46:56):
Yeah, but you know what he did smart lost in
economics from the neck up. He got online, put those
shoes online. So those shoes have showed me that I
sold him.
Speaker 1 (47:05):
Don't don't kick me out.
Speaker 2 (47:08):
Because if you get buy those shoes, yes, and you're
gonna support somebody else's been You're gonna pay you rent
in his house.
Speaker 1 (47:14):
That's right that there's a lot of love in the word. No,
I love you. You need to go get a job.
I love you. But if you're gonna have these kids,
you're going to take care of them. I love you,
But if you're gonna do the crime, you're gonna do
the time. I love you, but you've got to be
responsible for your actions. There's no free lunch. If it's free,
it's probably stale. Like these kids, right, they need they
(47:37):
need direction, man, they need structure, and somebody's got to
tell them no. Telling them yes and patting them on
the head it's not gonna help them. I really respect
me and like me and like me like men never
respect me. So that's really cool. Sir James, who you
and I both have a relationship with. He works for me.
Sir James would say. He said he to his kids
one day they said they didn't want to go to college,
(47:57):
and he said well, look, you have a choice to make.
I get to put you through school, this is the son,
or to put you through a wall. Yeah, and that's
that's agreed. But I got the memo.
Speaker 2 (48:08):
Yeah, one thing I say, I would never give you
adult privileges without adult responsibility. So I think too many
people give their kids adult you know, privileges without adult responsibilities.
Speaker 1 (48:18):
Yeah. So I was going to ask you what it
take away piece of advice? Would you just gave it?
It is anything else you want to share before we
wrap up?
Speaker 2 (48:27):
I just think, man, you know knowing who you are,
nor my God put you here. You've got to know
who you are because you don't. Just like I said, John,
always say, somebody tell you before sundown what you would be,
and that's not who you are. Never let nobody to
define you. Define yourself. Know who you are. Be bold
and be this way from the neck up.
Speaker 1 (48:45):
Dangerous from the neck up. If you don't know who
you are in the morning, by then at time, somebody's
going to tell you who you are. Okay, this has
been Money and Wealth on Black Effect Network and iHeartRadio.
This is Tim Bird of ten burd Enterprises're gonna look up.
You have a website denb Enterprises that oh make believe
village dot com. That's where we may believe Village just
(49:06):
one of his partnerships. What about your construction construction companies
and on. I kind of retired and turned over to
my son. So he's running it now. He's building them,
pay you, paying your licensing fee or some kind of
an override. It's nothing. I know he's getting paid, be
clear about that.
Speaker 2 (49:21):
But we get more into the real estate now looking
at by laying and started developing.
Speaker 1 (49:25):
So that's why I'm hanging with That's yeah. So he's like,
I noticed he's in my pocket. It's just it's just
not a hitch. He's not need to talk to you,
and he's not to get me to write a check.
He just wants to pick my brain. He wants to
pick my brain so he can go and replicate, because
most great things in life or copy, which by the way,
is very very smart, much smarter to pick somebody's brain
(49:47):
and pick their pocket. Picking their brain last longer smart
from that cup. So he's he's buying houses, rehabbing them,
selling them, buying rehabbing them, renting them, which is what
I did with the promise. Homes Company when I owned it,
so kudos to you. There's been money and Wealth on
Black Effect Network. And this is Tim Burt and be inspired.
Speaker 3 (50:08):
This is Husfle Economics, Peace in Life.
Speaker 1 (50:25):
Money and Wealth with John O'Brien is a production of
the Black Effect Podcast Network. For more podcasts from the
Black Effect Podcast Network, visit the iHeartRadio app, Apple Podcasts,
or wherever you listen to your favorite shows. The continu
Host
John Hope Bryant
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