Get Ya Money Right

Trick or Trauma? 5 daycare workers are without a job after scaring kids with a ghoulish mask. The really scary part is that the story triggers @Rod4Short into a vulnerable moment. New York Times bestselling author, TV personality and host of the podcast “Money Rehab with Nicole Lapin” explains how to make debate work for you. Nicole is the only finance expert you don’t need a dictionary to understand.  Kim Kardashian’s alleged “pump and dump” cryptocurrency scheme gets her in hot water and Puff Daddy is sick and tired of people accusing him of messing up their Benjamins.  The team debates Deion Sanders’ ascension into the HBCU football culture and how his success as Coach Prime is rubbing some coaches the wrong way.  How hard is it to buy a home right now? Beyond crazy and frustrating! A realtor (and huge fan of the show) breaks down which hoops you need to jump through to purchase a new home and the numerous homeownership programs that may be able to assist you.      Enjoying Roy’s Job Fair? Want more? Take 60-seconds to rate and review this fine acoustical programming.  Catch Roy alongside Jon Hamm in “Confess, Fletch,” On Demand NOW! Want to be a guest on 'Roy's Job Fair?' Got a job scam you've seen run? A worst or first job to share? Job tips to share with everyone? Get on the show! Submit your story at www.roysjobfair.com  Watch all Roy Wood Jr Comedy Specials NOW available on iTunes and streaming NOW on Paramount+ See omnystudio.com/listener for privacy information. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Episode Transcript

Speaker 1 (00:01):
You're listening to Comedy Central. Yeah, I love this one.
Now hiring rids early. You're like this one, right, you're
like this one. A bunch of daycare workers were fired

(00:23):
after scaring the children by wearing one of those scream
masks take care workers at the and I'm saying this
as it was written, Little Blessings Childcare and Learning, said,
little Little Blessing, I put my game. Nope. The teachers

(00:51):
ran around in a Halloween mass yelling at the children
who didn't clean up or at good. The kids can
be seen crying and they're horrified, and it ain't a way.
He's like a little three four year old kids. I'm
wrong because I love all of this. So that ship
hits me personally. I went through that as a child. Man. Yeah,

(01:13):
I was when I was in daycare when I was
like three or four years old, and Halloween time hit.
One of the kids showed up dressed like fucking at
a Mr. T mask. It was like a Mr. T
ghost Like it was this kid in a sheet and
they're just a fourth hand Mr T mask. Hey, that

(01:35):
ship fucking terrified me and terrified a bunch of kids.
But they refused to make that motherfucker take it off.
They just kept sending them to the kids that were scared.
But right like and she got older. Could you watch
the A team watch It wasn't Mr Te that I
was scared of. It just looked super free. Like imagine

(01:57):
a fucking two foot tall she and then just Mr
T say that ship drove me in the same bro
the freaks. All I can imagine now is you're running
every time you hear the theme of the eight team
show the fool And that's what happened. That two foot

(02:17):
tall Mr T with that sheet on that ship was
that ship was guys for your boy. That ship me.
I still think about that ship. I've never actually be
just uderable before. That's so low blood was fucking r

(02:45):
and they never Yeah, I was a face man after
that shot out the Murdoch. My name is Roy. This
is my job and we are talking money today. We

(03:11):
got two guests. It's gonna come on one. It's gonna
help you get your money right and talk about ways
to invest a little bit of money you do make
it the job and the way to flip it. We'll
find out from her about crypto as well, talking about
the cold lapping and we're gonna be joined also by
a mortgage lender. We'll talk about some of the mortgage
scams and the escrow scams are going as you try

(03:32):
to figure out ways to buy a home with all
of the bullshit that is going on with people exploiting
the home prices and all of that. Good ship, Um,
I was just situation. You're going, Roy, Oh, you know what, man,
I still ain't closed on my house. Still a little
bit of They keep adding ship just every week. Every

(03:56):
week there's another. Ah. You know what it feels like,
Roight when you're at the end of a comedy show
and you're waiting to get paid and it's been too long,
and now you're starting to think, I don't think I'm
gonna get my money, and like and like, and the
ship was cute like this buying the house. Ship was

(04:17):
cute before. But then Trevor No announced he leaving the
Data show anything, So I need to get this ship. Well,
I still got some solid W two. Right, we're doing
a full read. Everybody, go ye listen, We're just look listen, bro.

(04:40):
I don't know what the decision will be on Daily Show,
who will host, if they change the format, if they
move it to streaming. So I'm not arrogant enough to
think that I'm a folk show be a part of
whatever happens next year. And Trevor Lee, betch I need
my crib. You Andy working that gold in correl. I

(05:04):
want to get right into Cody's Most Outstanding because this
is one that I think we're going to have a nice,
solid group argument about. I'm happy you're here for this
ride aigument. Mm hmm. Well third, and I've already debated
this over text. You know that happened. That happened a
couple of weeks ago. But it's you know, we didn't

(05:24):
get to it last week because we did to my
last day. So last week was all about people can fire.
So now we get back to the regular show. So
now it's time out for Cody's Most Outstanding Employee of
the week. So head court beyond Sanders of the Jackson

(05:45):
State Tigers. Jackson State took a trip down to Montgomery,
j G to play your beloved Alabama State Hornets. I
don't like the hornets. My daddy graduated from there. Okay,
I mean I like the honeybees. Well, don't don't disrespect

(06:05):
your daddy's legacy by shipping on this school. Okay, he
wanted me to go there, but go ahead, you know
I can go into rap he little for those of
you that haven't been following the day today, this backstory
is important for those of you that haven't been following
the day today. With Dion Sanders and his relationship with
the SWACK Conference Southwestern Athletic Conference, Deon talks a lot

(06:26):
of ship, but he draws a lot of attention to
the conference. His team is competitive, His son is in
the Highsman Trophy conversation right now, his son Shador, who
is a quarterback at Jackson State. And so Dion is
in coaching what he was when he was a player
in the NFL. He talks a lot of ship. He's

(06:48):
a very brackadocious He's uh, very quick to talk a
lot of ship, and so I'm a huge star. He's
a huge star. But they back up on the field.
Jackson State whoops a lot of schools ass because when
you're the big schools, you gotta whip asks in order

(07:08):
to get rankings. And then, according to coach Robinson in
the pre game for the actual own game day, coach
Prime came out and you know, you're supposed to take
the shortest line possible to your sideline, but supposedly Coach
Prime did a whole lap around the stadium, hooting and
Holland and talking trash and mixing and England amongst the players.

(07:32):
So the game has played. Jackson State has the game
and locked their up two touchdowns. With forty seconds left,
all they have to do is take a knee mhm.
Coach Prime calls a pass and play fuck it, let's
try and get several both points. The Steve spurry away,
all right, you know? So after the game, the two

(07:57):
coaches are jogging out to the sideline for their trip.
Aditional handshake. Not mind you, j G. This man has
done nothing but talk ship all week. This man walked
around and was disrespectful before the game. Then this man
tried to score and you after the game was out
of reach. Would you shake and embraced this person's hand?
Yes and no, Jack, That's not a yes and no answer.
Though for me, I would shake his hand, but I

(08:19):
wouldn't hug him either. And that's exactly what Robinson did.
He shook Dion's hand and then gave him the stiff
up as off of me. Motherfucker and jugged off the sidelines.
You know, so so coach Robinson after the game, you know,
he said, quote, he ain't swack. I'm swacked. He ain't swack.
He's in the conference, he's doing a good job. Can't
knock that got a great team. His son should be

(08:41):
up for the heisman. I love what he's doing for
the conference. But if you're not gonna come here and
disrespect me and my team and my school and then
want a bro hug, shake my hand and get the
hell on in quote. So then Dion comes back, um
and he said quote I heard him out a few
comments about what did I about what I said leading

(09:03):
up to the week. I was a darn good salesman
leading up to the week. Did we sell out the game? Yes?
Or no? Which they did? Had they ever been sold
out there? No, they hadn't. So I thought I did
my job. I thought I should be applauded. And so
stander strick issue with the swack comment, And this is
where I feel like we're dian is just saying something
that to me, it's a little bit unnecessary. Quote. I'm

(09:23):
not going to come back the next day and you're
gonna pick up the phone and apologize and we straight no,
not whatsoever you met that mess. And one of the
comments that kind of disturbed me out of all the
comments was that I'm not swack. Who is? Who is swack?
If I ain't swack, who is swack? If I ain't swack?
In quote, he ain't sweat, he ain't sweat. I thought
he just took it all a bit too personal. And

(09:45):
Dionne looks at a dion understands the show of it
and prime time is confidence. He's arrogant and he's disrespectful.
I wouldn't go that far. You can't be arrogant and
disrespectful at the same time. I think Eddie Robinson Jr.
Played football in college at Alabama State. Deon Sanders with

(10:06):
the Florida State he played major football, and I think
it just looks like it's just jealousy that Dion Sanders
wasn't a part of Black college football when he was
in college. He had nothing to do with it. During
his pro career, he wasn't, you know, pushing HBC football
in any way. And now that he's decided to coach

(10:27):
in HBCU football, now all anybody cares about is Dion Sanders,
and you can't be jealous of that, and you can't
be mad at that, and you can't blame Dion Sanders
for that at all. Has been lame until Dion Sanders
came around. And that's the fact. And I think that's
where the jelas from is he's upset that HBC football

(10:50):
is HBCU football is finally getting some shine and instead
of people like him who've been there from day one,
then at the fourth it's d Sanders And yeah, this
Jacquelan just hit it right on that he's just mad
that he's not the person that was able to do this,
and he's probably expressing the feelings of every other coach

(11:11):
in that situation. But it's still doesn't negate the fact
that prime Time is confident, arrogant and disrespectful, and he
was not being arrogant or disrespectful at all. He's he is,
He has been running around. There's a lot of stuff
that he's doing that if you allow the media or
people to shade in one way, yes it can be

(11:32):
taken as arrogant and disrespectful. But I feel like when
it comes to black men, people always want to call
us arrogant, and or disrespectful without looking at the fact
that Steve Spurrier won national championships doing the exact same
thing that Dion is doing, and he wasn't arrogant and disrespectful.
He's one of the greatest college coaches of all time.
Steve Spurry is also arrogant and disrespectful. He's an asshole.

(11:55):
I say that was saying that was being arrogant disrespect
just in that situation. I think she's talking about that's
just his personality. It has, but I don't see it.
I don't see his personality as being disrespectful and arrogant.
I see. You know, people have a problem with Steve
Spurry are running the score up too. But but but
the way it all says works too is the fact

(12:15):
that if you don't run up the score, they don't
look at your team. I think that the beat is
good for college football because it brings attention to the sport,
which brings recruits. But if we're gonna do that, let's
be real about it. Last year, when Dion was coaching
at Jackson State, Alabama State had a better fucking squad,
that way better squad, and and they beat Dion at
Alabama State's homecoming and at the end of the game,

(12:38):
took a picture of draft about girl and threw it
up on the and threw it up there right looking
at the score. Then the way the picture looks is
almost like he's looking disappointingly at the score. That kind
of stuff is personal. Yeah, Dion did that because of
what they did last year. They were disrespectful to him

(13:00):
and his team, so he threw another pass at the
end of the game. It's It's just that's just how
sports go. It's like if somebody dunks on you and
fucking wags their tongue, Get you go and try to
dunk on them and wag your tongue. Get This is all.
This is just bravado that is just spilt over as

(13:21):
being amplified because Eddie Robinson Jr. Is jealous that Dione
Sanders is viewed as black college football. I've worked on
three films in Mississippi. On each one of those films,
I've had major actors to also ask me directly, can
you get me an audience with prime time? He's doing

(13:46):
more than just being himself on the field. He's bringing
people to this state. If you yes, they want to
actually have their shoot days around his game. I want
to make sure I'm in town to go see a game.
He is bringing the swat to another level. Now. Is

(14:08):
he disrespectful? Absolutely? Arrogant? Absolutely, but he's still prime time.
It's prime You're known this about Dan Sanders since he
stepped on the field at Florida State Bag in the eighties.
And my Auntie says it like that. She says prime time.
So that's how he did. Aunt want to she said,
a long time ago, and he wanted to do that

(14:30):
a long time ago. If you were born after your
name is de mom used to finger herself, that's fact.
She always says it like that. It's just like you
didn't don't know Damn shaquills before shaque bleue you. It

(14:53):
was like two dns in saving the one period I
stand alone. It seems out voted three to one. You
don't That is not true. You are not outvoted three
to one. I see both sides of this. You know,
it's a difference. It's a different There's a thin line
between the arrogance and confidence. A confident person is willing

(15:14):
to admit the things that they know versus the things
that they don't. An arrogant person just knows everything. Dione
admits he doesn't know everything. Dion Sanders is not arrogant.
Prime time arrogant, is frime time arrogant the motherfucker, but
any prime time arrogant on the field. So I'll take that.
You know what I'm saying, and you bet I'm glad

(15:36):
a little ground on that. I don't give a funk.
My name is on the show. So for standing tall
at the fift yard line and refused to give a
hug to this not arrogant, but confident motherfucker who talked
shit about you all week, then pipped around your stadium

(15:59):
during the pre then beat your ass and tried to
beat your ass some more, and then try to hug
your probably try to hug you. Probably have tried to
give him one of you. Should have kicked him in
that bad leg and got he limped out that to
the fifth yard. Alabama State Eddie Robinson Jr. You are

(16:27):
most outstanding employee of the week, worst and first time
j G. Who do we have on a lot. It's
Nicole Lapping and she is a financial journalist, best selling author,
and a resident money expert for daytime television. And she
prides herself and being quote the only financial expert you

(16:47):
don't need a dictionary to understand end quote. Nicole has
dedicated much of her career to helping women get a
handle on their finances. As the host of the podcast
Money Rehab, she offers listeners clear and simple financial advice
to help rehab their wallet. Nicole will be sharing a
story about her worst job, along with some answers to

(17:10):
some of our burning financial questions. Hello Nicole, Hello, I
know I'm not the fun Police. Don't worry. But you
know what, but I like that in the intro j
G that that that that brings me comfort about you, Nicole,
because a lot of these people will be talking with
the dividends and the earnings and when you save this
and then you put in three percent and your rough

(17:31):
I ra a three seven to to nine, you put
away the federal interest rates three percent, you get little
capital gains on that. You never know when the dollar
in the euros, I'm like, what the funk are you talking,
mich I'm trying to save to get a car. How
do I save and keep my credit decent? Which credit
card do I pay down my credits? Or is the

(17:52):
credit scores. You know, let's let's start there. I know
you've got a bad job story. How much does a
credit score still matteristic society? Totally? I mean, I don't
think it's ever mattered more than it does now. It's
your financial report card, basically. But the cool thing is

(18:14):
is that it's changeable, so it's not set in stone.
The reason that a credit score is important is because
it's connected to the interest rate that you get on
everything you borrow. So, you know, we could do a
social experiment where we all talk about how much our
a p R is on our credit card. We don't
really go to dinner with our friends and share that information.

(18:35):
But I gotta tell you, all of us will have
different interest rates because we all have a different credit score.
And so the higher your credit score is, the lower
your interest rate is going to be. So that's on
credit cards, that's on car loans or notes, that's on
mortgages or business loans. And this really matters because a

(18:56):
lot of financial experts will yell at you and tell
you not to buy your morning latte. I think that's bullshit,
because a financial diet is a lot like a regular diet.
If you don't allow yourself small indulgences, you'll end up
binging later on. So instead of freaking out about the
latte and Nicolin diamond yourself, it's way more valuable to

(19:16):
focus on your credit score, which is connected to the
interest rates you're paying, which will be connected to hundreds,
if not thousands of dollars over time. And I just
had the CEO of Fico on my show, and he
and I talked about new ways that the credit score
is being calculated that aren't old school ways just around
payments of payment history, you're right, is the biggest part

(19:39):
of your score. But also folks that rent, rent payments
are being considered, cell phone payments are being considered, they
are actually changing the way the credit score is calculated
to allow for some of those variables as well. And
I've gone through this where there have been mistakes and
other stuff on my credit score and my credit report.

(20:00):
And the only problem you can't fix, especially financial one,
is when you don't admit you have or then when
you don't look at uh. And so these things are fixable,
and you can also appeal these things. You just have
to put your big boy, big girl pants on and
deal with it because it is figure out herble no
matter what. Before the quarantine, there was no after pay

(20:22):
all right, But during the during the quarantine, me and
after Pay and Klarina and all these other services we
came real, real good friends. So like things like that.
That was like when you were talking about alternative ways
that they're going to start looking at your credit, is
that those kind of things that they're talking about counting
towards they don't right now. So just keep that in mind,

(20:44):
I know, and those are a little scary. Sorry, I
keep my payment. You can set an episode on the
show about the good, the bad, and the ugly of
these buy now, pay later programs, and so just you know,
be careful because people tend to sign up for more
than they can actually a forward because they think, you know,
it's here or there, and so they get in over

(21:05):
their head and so it can actually screw you more
than help you. What are some programs and things that
people can take advantage of with their employers, if their
employers offer them that could help them with regards to
saving and nesting away A little for one, K has
setting aside a little money so that the kids can

(21:25):
you know, afford the tuition at sackleson State Community College
or any of the fine institution. Like, what what are
some things that people some what are some loopholes that
people don't necessarily you know, know about. So if you
have an employer that matches a four oh one K,
that's awesome and that's free money. If it doesn't and

(21:47):
you have credit card debt, it might not be the
right time for you to invest because it's really a
game of where you're going to get the best interest rates.
So that's why it's really important to see all of
your interest rates on your debts and hopefully on your sets. Uh.
And so you know, it's basic math. If you are
paying on your credit card, but you're getting seven percent

(22:09):
in a retirement account, that is going to be negated
by the amount you're paying in credit card debt. So
you kind of have to look at the whole picture.
And so, yeah, if your employer does it, awesome. If
they don't, you can also, I know you like made
fun of the roth IRA calculation thing, but iris are
very cool because their individual retirement accounts. You can take

(22:33):
them anywhere. You can get them at any bank you have,
you know, whatever Bank of America, UM, go there and
you can open it up and it follows you wherever
you go, no matter if you leave that job, you
stay there. How solid, when we're talking investment and we're
talking about things that you can take advantage of with
your employers, can unclaimed or undocumented electronics that are sitting

(22:54):
in empty rooms in certain parts of the building that
people don't check normally, and those monitors have just been
sitting there for like months and months and months, and
you know that they're not inventory, but you know what,
you all have a street value of at least their
actual retail costs, Like talk a little bit about stealing them.

(23:20):
Go ahead, there, go there. Yeah, And he was, he
was going there, and I just I gotta I gotta
ask a question. I love the advice that you were
giving earlier about what to pay and what not to
pay as also as far as like having those small
indulgences and earlier when I heard you saying it, I
was like, this sounds like somebody who's written a book

(23:41):
talking to people in a real way. And it also
just gives me a chance to say that I love
your book titled I believe it's uh rich bitch, boss bitch.
You can say it again if Yeah, I just like
the facts you use bitch at the title of a book.
I personally enjoy that kind of kind of literary ship.
But I like the fact that you really tried to
talk to Yeah, I'm just I love the fact that

(24:03):
you try to talk to people on a very basic way. Listen,
I think it's really important to speak in playing English,
like we would use if you we were grabbing drinks,
because they think the most complicated part of getting your
financial shipped together is the jargon. And it's what kept
me out of the conversation. Like, I'm the least likely

(24:25):
person to be a financial anybody. I grew up an
immigrant family. Uh you know, my father died of an
overdose when I was twelve. I had to start working
early on. I started as an poetry major, Like I'm
the I didn't work at a bank. I didn't get
my m b A. I just went to the school
of hard knocks. I needed a job. I was offered
a job in business news, and so I just faked

(24:48):
it till I made it. And so what happened during
the pandemic is something similar to what happens when you
get a diagnosis. You start eating healthy after a diagnosis.
It's hard are to proactively eat healthy then reactively do
it after you get something umn And so that's what

(25:09):
happened with the pandemic. I have been beating this drum
for years about getting an emergency fund, and especially young
folks will be like, what emergency What do you mean? Like,
it's not gonna nothing's gonna bad's gonna happen, and not
like a pandemic. You are New York Times bestselling author.
You are a regular on the litany of cable news

(25:31):
shows as you give all of this financial advice to
people and help people get their life together. You're wonderful,
wonderful podcasts helping people work their way through student loan
cancelation and what that means for you and for one case,
and what you should do before you invest in the company.
Seem to be a pretty good person, thank you. But

(25:54):
before all of that, I know you had a shitty
job and one of your story about it. Maybe I
had a first job that was memorable and nice and
you know, happy, happy, joy joy. But either way, I
was hoping to be like a war correspondent Christiana. I'm

(26:15):
on poor style. When I was in college at Northwestern.
Then I started the station chief in Chicago that had
a station in Milwaukee, and I thought, oh, I'm going
to take the train to Milwaukee every day to do
this job. And he was like, also, no, you don't
get the job. You also don't know shit about geography. Uh,
you go in Milwaukee every day, that's not a thing.

(26:37):
But do you know anything about business news? Absolutely? I
love I love business news all day, every day, twice
on Sunday and and I started on the Chicago Murk.
And the floor of the Chicago Murk, which I thought
was a mall at first before I got there. It's
not a mall. It's the stock Exchange in Chicago. And
back then, this was twenty years ago, it was like

(26:58):
Wolf of Wall Street style. So I was one of
three women. Um on the floor. There was like these
dress codes, um, how high your heels could be exactly.
And the women's bathroom, I will never forget, was like
a closet compared to a palatial men's restroom, which is
normally the opposite. Right, they would pick me up and

(27:20):
move me like in the middle of my reports. There
would be like dudes throwing money. There would be alleged
you know, weird things happening during lunchtime. It was just wild,
what nic It was just wild like Wolf of Wall Street,

(27:43):
you know, the strippers and cocaine and little people throwing
Thank you, that was the story that desgracious Nicole. We're
gonna come back to you because I want to find

(28:03):
out a little bit more about Crypto and we need
to find out about your podcast. But first, after the break,
we're gonna talk home landing with another brother and of
course the homie and the rato a k A right
for short, about to drive this thing off the rails.
It's the job fair. We'll be right back. Job Fair.

(28:27):
We're doing the damn things. We've been talking finance today.
Thank you to Nicole Lapping, and now we're gonna swing
back and talk to her a little bit later. On
the other side of the scam, we have standing by.
It's timed off from part of the show. We stopped
his finance talk for a second and we bring on
a gentleman who a bit of a finance expert himself. Um.

(28:51):
He is the author of the New York Times bestseller
Ways to Get a Little Bit More Money from Your
Woman and encourage her to get more on it from
her husband for the two of you. Stop smiling about that.
Number three on the New York Times Bestsellers. He's a
former veterinarian assistant. And ladies, if you um go outside

(29:15):
and put a dab a peanut butter whiskey on your
neck and stand down when and wait patiently. Somewhere in
Middle Tennessee, he will appears MoMA named Murado. We call
him ride for short rod. How you doing today, brother?
We're talking financing scams and you know we used to
get your money right today? Yeah, I love it, man,

(29:36):
I love it. You know I used to intern that
Mary Lynch, so I've seen it all. The thing about
being a stockbrokers, you're basically a middleman for essentially drug
addicts and drug dealers. Number runner. Yeah, and like like
like because like what it is is like people don't
realize they stockbrokers only get paid to get clients. They

(30:00):
don't get paid for your investments to pay off that.
Nobody cares about that. It's all about how much money
you bringing into this ferm, not how much money are
you giving back to your clients. Nobody gives the funk
if you turn over ten million dollars to somebody that's
a stockbroker, that's a wind for him. If you ended
up losing twenty million on that, he's not getting demoted

(30:23):
or chastise. Like he did his job. He got ten
million for nobody cares what happens. But like, if they
think it's a bad investment, they'll tell you that. But
if you say put it in, they're gonna put it in.
They like, they don't. It's not their job to make
you any money. It's it's basic. It's their job to
the five drug addicts who go, I want co gain

(30:46):
and they say cool, I will find a guy with cocaine.
That's all they do. You say I want to invest,
they say, give me the money and then this and
the ship goes up. Great, the ship goes down also great.
They don't care. They already got paid. They did their job.
If you can't afford for this ship to go bad,
then don't buy it, because no matter how much of

(31:07):
a guarantee, it looks like this ship can flip overnight.
That's one of the weirdest things about the stock market.
It's a place where you can go from flat broke,
two billionaire to flat broke in the course of five
hours and no, nothing has exchanged chance. It's a very
weird situation. Like most times, things happen, Like when you

(31:28):
buy a car and drive it off the lot, it
immediately depreciates, but at least you got a car. The
stock market is a weird place where you buy things
that don't exist basically, and you just go from I
spent a hundred thou on this, it's worth five million,
and two hours later it's worth negative twelve dollars. And
at no point has anybody handed you anything but an

(31:49):
email receipt that says I bought this much stuff. It's
a crazy world. I got a quick casino story, got
with me on a date. Long time gonna go to
a casino. He gave me three hundred dollars to play with.
I want a hundred dollars, And then I just said
at the front door, but my four hundred dollars waiting
on him and wrap it up like the stories of

(32:17):
like I'm as amazed as you are about my stories
in my twenties, as amazed as I am about your
ain ship stories. It's not why would you gamble three
hundred dollars away? That makes no sense. He wanted you
to feel the euphoria of the gambling. He wanted you
to experience something. He wanted you all to have something together,
and you straight up didn't do it. That's like, you're

(32:38):
going to do this, I want a hundred dollars and
I was done. I was up. We bring right on
this program to give you topics to break the ice
with co workers. You can't stand co workers of the
opposite race. Just people that you generally have a mundane

(32:59):
experiences with on a regular basis, and you're sick of them.
I know, you know, shout out to the job there listeners. Yeah,
so some of my job and listeners. They were construction.
They listened to us in the delivery truck and they'd
be like, man, I can't stand this Monther fire department. Yeah,
damn trouble. I would hope the fire depart I hope
they like each other. They gotta save each other. Life.

(33:19):
Harsh people time with it. You can't be You can
be talking ship to your coburg and the fire truck
and then being the smoke talk that ship. She was
talking to the fire house, thinking now you're burning. Look
at you go inside with that fire holds you outside
at the hydrant. You turn the water on, don't you

(33:43):
to see me? And I was right here and then
the water. We've wasted enough time. Give these people some
topics that they can talk about at the job, um
well and in the world to finance. Something that's been

(34:04):
hot recently is crypto, of course, and uh recent uh
you know, Lady of the jack of all trades, Kim
Kardashian was charged by the SEC with the wee bit
of the fraud. And when I say SEC, I'm not
talking football. I'm talking these Securities and Exchange Commission Alabama

(34:30):
Crimpton type football team. World got damn that soid of
you don't lose often. Kim Kardashian was fined one million
dollars for felling to disclose that the reason she was
pushing a certain crypto token was because she had been

(34:52):
paid to and not because she believed in it and
was investing her money and you should too. And yeah,
they hit with a one million dollar five and totally
at one point to six million because she was paid
about two six k to do the ad, but she
didn't really present it as an AD. And that's that's
a that's fraudulent. You have to whenever you promote a

(35:14):
product as a celebrity. Roy, please listen up tight to
this getting paid to promote a product on your social media.
You have to tell people I have been paid to
promote this before you say anything about it. Hire a lawyer.
Three that you think I'm at the level of celebrity

(35:35):
where I run into these types of issues and my
social media accounts right to thank you for the compliment. Um,
But I gotta about a year ago, I got a
free phone to promote some Major League Baseball ship and
I remember that like, it was like, we'll give your
phone and we'll pay your phone bill for the year
if you post these three or four ads to post

(35:58):
these three or four promos. And I posted one of
them and immediately I got a call from my agent.
Take that ship down. Hashtag ahad, hashtag ashtag, and hashtag
spawn for responsorship. Let's flip it up for the people,
real quick. Rock um on the black side of finance

(36:19):
right now. Uh Sean Combs a K A Puff Daddy,
a K A Puffy Puff a K y A whatever
other nicknames my man has given himself. Puff is tired

(36:40):
of the accusations of him stealing from his artists throughout
the nineties run of Bad Boy decided he's opening the books,
recently announcing on the Breakfast Club He's never stolen from anybody,
and if anybody can prove he stole from them, they
are get all their money with The Twenty four Hours

(37:02):
also went as far as to say the number one
ring leader of these accusations one mace and a dollar side,
actually old him three million dollars, but he said that
they o me three million dollars. I owe him, but

(37:25):
we can talk about that, called him a fake Boston
depending he stole money from those people. He said, I
stole his body. He owed me three min Wow. I
respect that Puff burn the forest light everybody up because

(37:46):
he's dept with these accusations for years. I do think
that there is some validity to um, what do they
say the bad Boy curse, Like you mess with Puffy
in your career, don't go the way it's supposed to.
That is true. But yeah, but but you can a
curse ain't bad finances. That's just the music industry can
go a thousand different ways for any artists, some somewhere,

(38:08):
some loose. But to say that I stole your money
and took your masters into Also, this is the part
that I don't like to say, and as an artist,
I shouldn't say this, but you just gotta be better
about the contracts. Like we're in our third generation of
hip hop artists and y'all, motherfucker's still at learned nothing

(38:30):
from your previous generation. And I was run in the
contract not enough people learned the business before. They're just
going out, bright out and push you to you and
signing that life over for a hundred thousand dollars because
they used to having won dumb. But you can stay
on the backside those people's interests to give you the

(38:51):
best deal. You gotta you go in there like a dumbass.
They're gonna treat you like a dumbass. That's what they're
looking for. Yeah. The last person to get a real
good deal and sucking hip hop was Roxanne Shante. She
was the last person Roxyne Shante, Roxy and Shante made.
I forget which record label it was. I want to
say Geffen, but from part of her contract from her
first album was that they had to pay for her

(39:13):
to go to finish undergrad, pay for grad school and
she's still chosen to get a doctor. Dy had to
pay for that too, off a one album, and she
did go as far as getting her doctorate. Like you know,
Roxanne made that one album and she's historic and what
she is. But to me, that's the best deal ever.
If you don't know by now to read the paper,
I don't know how sorry I can feel when you

(39:35):
get older and you go, man, Puffy, that was a
bad deal. You old me like you're trying to. There's
a difference between Puffy Stone and versus you just gotta
bad negotiation. And that's what the problem was too, He said.
The problem is people don't know anything about finance. They
don't know how to have that money. They go out
and spend all the ship up and then when they're

(39:57):
broke after that, they're like, I must he broke us.
Somebody did me wrong, and I'm a dumbass. You gotta
learn the business man and not your cousin who went
to one semester of law school reading the document. All right, right,
we appreciate your brother. We'll get it you next week,

(40:18):
scam of the week time. We need to talk to
this brother immediately. Third, I've been trying to buy a
place and the fucking hoops they make you jump through
fun monopoly. Monopoly made you think buying a house was
so easy. You just go to the banker and get
the bank of the money. Oh, now you got a house, wrong,

(40:40):
your bitch, We need to see it. They asked for
my tax returns for the last two years, and one
of my tax returns is on extension. I don't give
a funk if you're listening to I R S. My
money's good, My numbers are solid. Come from it, bitch,
because my tax returns are on extension. They go, all right, cool,

(41:08):
we'll give us twenty seventeen through. You want three more
fucking years, so send them. We send them the tax
forms right then, nyko, Yeah, we can't use these forms.
It's got to come from the I R S themselves.
That way, we know you ain't been fucking with the numbers.

(41:30):
So then you gotta call the I R S and
be on hole for three days. The next agent will
be with you in two weeks and fourteen hours. Thank
you for calling the ir Get them to send the
form to proof that I'm telling the truth. Then the
I R S goes Nigga, we don't know. You go
to this website and prove that you are who you
say you are, and then you're gonna get in the
video chat and confirm with you all. Hold your fucking

(41:52):
passport up to the goddamn web. I see why people
just go get an apartment. I get it, and I'm
coming legit. So I can only imagine the scams within
that world, because when we talk about employment, we talked
about working towards something and owning property and building equity

(42:15):
and having something to hand down. But even when you
do that, apparently there's some potholes. J J. Who do
we have on the line and talked to us about
this home ship. It's a huge fan of the show.
His name is Robert and he grew up in Northern
Virginia and intended Virginia Commonwealth University. He spent ten years

(42:36):
in Spain, running with the Bulls on two occasions while
Robert before moving to California in two thousand seventeen. He
started his career in mortgages back in two thousand five
after being influenced by his mother, who worked in real estate,
and he has been working for Lane Mortgage LLLC since

(42:57):
two thousand seventeen. Welcome Roberts. All right, let's get into
these scams on his home ship because I'm tired of it.
I want my house. Robert, Yes, sir, welcome to board
at the job. How you doing doing a man doing
all right? Why is buying a house so fucking difficult?
Why who all these niggas on the email? Robert? I

(43:21):
don't know these people. It was me and the realty
a month ago. We're not. It's like motherfucker because they're
asking for money, that's why. But it should be a
pretty painless transaction if you get all the paperwork up front.
Due to COVID. Most I would say nine of the

(43:42):
documentation is Internet base. It's all scanning and downloading, so
you don't actually have to wastily gather it. But it's
just email. It's so much easier. Um, they're gonna ask you, Yes,
they're gonna ask you for t your taxes and your
W two's and and yes, which you described about the
I R s and getting transcripts, absolutely true. It's a
pain in the rear. I've had clients who have done

(44:03):
it themselves, and the and the investor would not take
it for the reason that you just said. You know,
they want to make sure that it's not it's not
been altered. Yeah, how how much money? How much money
you do you have? Do you have the down payment? Roy? Yes?
I have it? How much more money are you making
this year? This much money? Do you have the contract
from your employer that proves that you're gonna make more

(44:25):
money this year? Motherfucker? So I gotta fucking email Trevor Noah,
A man, Can you send them a note and tell
them that I'm gonna steal beyond the Daily Show due
to in how many of those hoops, Robert are legitimate
and how many of them is racism? Because when we
talk about black Holmar instil, you know, I worked with

(44:48):
folks of all different races, um, and that's all the
same paperwork, and it's all the same frustration that you're
meeting right now. I hear from everyone for the guy
who has down Okay, not a hustle. There's just a
lot of different barriers. And it's not because remember you
said a previous podcast you got audited because some college

(45:09):
study you made ninety thousand and seven. Yeah, I had
a nine hundred dollar gig. They didn't put the decimal
on the wing. So nine hundred with no decimal looks
like what happens. And I've been in the system, and
I've been in the and I've been in the roop
ever since three year audit like clockwork, since two. You're

(45:30):
in the system now because, like you said, they audited
to you. So the investor wants to make sure that
any documentation that they received kind of makes sense. Some
people buying homes create fake tax returns and pay stokes.
I know later on the west side of another town,
who does that for per document? I told her her
charges are way too low. She's way too low. She

(45:51):
needed you need to get that money at least, yes,
and she actually has the stamp of a doctor. Yes
she didn't. The stuff is one that even I had
to look at it like whoa, whoa, whoa, whoa. I mean,
if I can tell that's fake And and it's so
dumb because it's it's not like they're putting there making
fifty dollars a month. It's something really like they got

(46:12):
me in that bus drive at uniform. They're like, yeah,
it makes six million a year. You've been surprised. There
are some people who actually get some nice trust funds,
and you know they're working not a lot, but out there.
Main issues. Folks don't have the down pain That's what
I'm running into. They have the credit, they qualified, but
they just don't have the down painting and you don't
have There's so much misinformation. This is really royal. What

(46:34):
I want to come on the show. You don't need
twenty percent down, you know, don't need to have an
eh the credit score. Yes, you need to people pay
or pay your bills on time. You gotta have a job.
What are some mistakes first time home buyers make? Roberts,
First time buyers are all the same. I don't care
if you're buying a two million dollar house or two
union dollar house. You all have the same questions. You
all have misinformation as well. Uh. It's funny because most

(46:56):
people go to a realtor before they come to see
what they're uh to be pre qualified, which is doing
a backwards You really should come to the bank or
to the lender whomever you're using first get pre qualified,
then go to the realtorn and say, hey, look, I
just got prequalified for two what can I buy in
this area for that? And that's not the way it works.
And that's and that's you know, the mortgage guy's fault

(47:18):
because we don't educate the public. You need to need
to get your credit pulled. You need to find out
what you qualify for, look at your taxes and see
what you're deducting. If you're a W two, and if
you're self employed. These things should not be brought up
or asked when you're under contract. That's crazy. But the
first time you get your credit UH pulled, yes, your
score goes down a little bit. But if you do it,

(47:40):
if you have four or five of the round I
think there's a number, I can remember what it was.
But if you have four another five other places and
shop around, it doesn't lower your score as long as
it's the same industry. So if you're looking for a car,
for example, um, yes, the first time score go down.
After that it won't because the credit bureaus know that
you're looking for her house would have a heck of buyer.

(48:01):
And the banks also moved the fault this because they
do after a lot of documentations. But it's gotten better
and it's not as bad as it was before. If
your W two, it's super clean. You know, if your salary,
it's a super clean process. Once you start getting into
UH ten nines, self employment, it gets a little more complicated.
The biggest thing here is that again, like I just

(48:26):
education is a key to this. This is the largest
purchase that we're all gonna make in our lives. Fall South,
charge of girl jump in now. Yeah, I mean I
bought a house years ago, Like I purchased the house
when the house and bobble burst, right, So times have
definitely changed and back then, like they had the f
h A where you could put down three three point

(48:48):
five percent to purchase your home, like if you were
a first time home buyer. So could you speak to
one some of the educational platforms that people can used
to learn about purchasing a home, because I know realtors
would put on classes to help people learn. But also
would you speak to some of the programs that are

(49:11):
out there for people to take advantage of and you know,
become a home buyer. And the reason why I asked
this is because you know, like black ownership, black home ownership,
like the gap is like, so like what programs are
out there that can help people help us close that?

(49:33):
So there are a couple of things in Virginia and California, UM,
there are state programs that will help you with a
down payment. Uh So the FJ program three half percent,
there's a program that will give We'll do the first
FHJ um as a first one, and then the second
is a three and a half percent plus a couple
of percentage here for the closing costs. Uh. Second loan,

(49:55):
it usually it's forgiven after a certain amount of years. Again,
that's something that the state stay can tell you exactly
what the details are. However, it's a loan, so that's
one good way. But there's an income requirement. You can't
make more than I think the median uh income plus.
It's just there's not enough inventory. This is the main

(50:16):
problems we see here in California. In Virginia it's not
as bad, but out here in the West Coast it's awful.
There's just not any It's not even low housing yet.
The latest gam miss companies buying whole damn developments and
then turn them into Get this, so in Baltimore and
West Baltimore, and you know those row houses have been
empty since the rides back in the sixties. There's a

(50:37):
hedge fund out that's buying blocks of these row houses.
They're gonna develop them or rehab them into rentals, low
income rentals. Great perfect idea. However, they're not giving the
city is not giving the chance of the local folks
to buy these properties. Where is the progress with the
individual to go and buy it? Not having these hedgephones
come out, and it's that's just Baltimore. It's happening all

(50:59):
over the country. Well, let me answer around this question
because she was asking about what opportunities are there for folks. Programs.
Each state has one U s d A, which is
d um loan, no moregin insurance. And you don't have
to be in the middle of nowhere where my dad
lives in Fredisburg, his little neighborhood is part of you.

(51:19):
It's U s d A eligible loan. Again, you have
to have the income qualification. You can't make two dollars,
but if you make it, I can't remember what the
limit is now. Uh, that's a great program, the v
A program, hundred percent loan. Again, if you're in military
and you and you were I was honorably discharged, use it.
A lot of folks that are discouraged from using their
VA eligibility. I don't get it. They're great loans and

(51:42):
and you know, default rate on those is lower than
the conventional loan. So those three programs and then get
fh A as well. Uh, those are programs that you
don't have to point percent down. You don't have to
have great credit, got decent credit, but that will at
least get your foot into the door of buying a product.
Are even establishing or gaining some sort of generational wealth

(52:03):
in theory. Now, Robert, since we're talking about scams, you
have to tell us about the escrow scans that are
going around too. Do you know what that is. I'm
still trying to prove to motherfucker's that I'm actually Comedy Central.
I haven't gotten that far in the process. Here's California.

(52:24):
Usually put you usually send five with the offer and
it goes to the scrow company, and most people wire
the money to the title company escrow company. So nowadays,
because of the pandemic, nobody's really going well, you're not
going into the office anymore, so you wire the money.
So what these scammers will do is they'll they'll spoof

(52:46):
the title companies emails or telephone numbers and they'll send
an email saying, hey, you uh just gotten into escrow
for this house, whereas you know, send us the fifty
thousand wherever the mountains. So this grow numbers, this routing number,
so it's having a couple of if once you send
the money, it's gone. I mean, it's like dropping your

(53:07):
wallet on the street. You're just not gonna get it back.
So that's my body was telling. He's like, look, you
gotta tell these folks whenever you're in s grow or
sending a deposit to the screw company, title company called
them verify the number. Verify it is the number that
you can that that is hasn't been spoofed because once
you once you send the money, it's gone and there's

(53:28):
nothing we can do for you. And that's happening more
and more. It's happening, especially a lotty in California. Every
screw company I work with sends me a warning in
their emails saying, hey, you know f y I brought
us up. Please do not send money without verifying the accounts.
So these scammers a car or they were a card. Well,
I can't thank you enough. The company is Lane Mortgage

(53:52):
LLC dot com. Robert, thank you so much for coming
on the job. Next time I'm out on the West
coast man. Hit hit me your j g upp or yacht.
We'll get your tickets to one of my shows. Brother,
Thank you so much. All right, gets up, Thanks guys,

(54:18):
job fair. We are round and third. We're headed for
home real quick. J G. Sackleson State wants you to
know that it is not too late to get the
education that you need. They are still taking recommendations. Oh okay,
if you are a six or seven and you can

(54:40):
get a recommendation from a Sackleson State, alarm, who is it?
Who still is an eight or better? You know, j G.
Something Some people graduate Sackleson State good looking and then
they become ugly? Can I get about from those people?
As you know? Sackleson State Community College the only college
for good looking people, removing the riff raff and distraction
that ugly faces cause when you're trying to get your education.

(55:03):
Visit them online sex State dot com. The cold lapping
still here with this nicole. You taught money and we
we we haven't really dove into crypto for real, for real,
but as quick as you can crypto scama. Now, yes,
I would say it's tricky because you know everybody looks

(55:26):
for get rich quick scheme, and that's what this has
been billed as. Um there's no quick and easy way
to make money. There's like an old dad joke where
if you want to do that, just hold your money
and half. You can't double your money a faster way.
And so if you are going to play in crypto,
really keep it to an amount of money that you

(55:47):
can afford to lose. So I say, one person of
your net worth, and everybody has a net worth, not
just rich folks. You know, it's your assets. So what
you own minus what you owe, and one percent of
that you can afford to lose well real quick. Before
we get you out of here the podcast Money Rehab
with Nicole lap and take control of your money, life

(56:07):
and career. That career word, that's what we want to
focus in on just a little bit today. Talk to
us a little bit about your decision to what I
believe is just pulled the curtain back on what I
think is a lot of duplicitous industries that prey upon
poor people and figure out ways to keep poor people poor.

(56:28):
What made you choose to take on this fight? You
think that Wall Street is this fancy club with these
red velvet ropes and that the people inside know a
lot more than you do, and that's just not the case.
I was in those rooms and the people on the
outside don't know less than the folks on the inside.
They just know the language. And that's what I had mentioned.

(56:49):
It's a language like anything else. If you go to
Japan and you don't speak Japanese, you will be really
confused until, of course, you speak the language and then
you're like, oh duh. You become empowered. And so for me,
it changed from being so scared, so clueless, so broke
so much in debt too, figuring out the baby steps

(57:10):
that I could take to make this really overwhelming topic
much more palatable, and so yeah, I wanted to share
the secret sauce and the cheat code. I want other
people not to make the same mistakes I did. Well,
thank you so much, Nicole. That's the show. Roy's Job
Fair is a product of High Heart Radio, Comedy Central
and South Park and Preston Productions. We learned a lot

(57:32):
to Day j J. We learned about some of these
finance scams. We learned a little bit about these mortgage scams.
To make sure people get their money right, you know,
just in time for the holidays and ship. But isn't
that when you spend more money because it's the holidays
and you buy things that you don't necessarily need. That's
why don't give gifts. But why would you just undo

(57:55):
everything we just did? This whole episode was food. Jesus,
don't put that on me. Don't put that on me ever,
just come up with a new way to disappoint us.
That is not true. You need to save your money
and stop buying things that no one needs. So such
a waste of time. Well, then, industry putting happy women

(58:18):
in juliary. Let let's talk about that next week. Let's
talk about every holiday you're putting men in commercials buying
Alexus that he came afford because it ain't no percentag
in some happy woman coming out on the front port
Alexis with ribbon is so you can in them damn ribbons.
You can get them damn ribbons and putting them on

(58:40):
the cars. Ribbon it comes with well, it comes it
comes with step by step instructions. You know what I'm saying,
and you still can't understand them. It's just not it's
easy to understand. Financing. It is a type that damn ribbon.
I'm trying getting nobody in care from when they asked
me why, I'm gonna give him a copy of the code.

(59:00):
Rich bitch, broken, I'm telling them I'm rich bitch, broke bitch.
This has been a Comedy Central podcast