REPLAY - Former President of Telemundo's Nely Galan on Creating Your Own Opportunities

Nely Galan joined me for an unfiltered conversation about the realities that she faced in her journey to becoming the media mogul and financial literacy champion that she is today.

 

From her early days as a reporter and working at a TV studio, grinding countless hours to prove herself, to her decision to put her ego aside and turn to the Latino market, Nely was completely candid about her experiences and the setbacks she faced.

 

Beyond her own career, Nely also broke down some powerful insights on the power of mentorship and how to approach mentors, the value of side hustles, knowing when to quit, and actionable tax laws and codes advice. And if that’s not enough to get you interested, she also honed in on the inner secrets of the media industry, when to admit you’re wrong and seek out outside help, cultivating mutually beneficial relationships, and so much more.

 

Tune in to this all new episode of That Moment with Daymond John and be ready to take some notes, because Nely came prepared to completely reframe the way you approach business, relationships, and what matters most to you.

 

Host: Daymond John

 

Producers: Beau Dozier & Shanelle Collins; Ted Kingsbery, Chauncey Bell, & Taryn Loftus

 

For more info on how to take your life and business to the next level, check out DaymondJohn.com 

 

See omnystudio.com/listener for privacy information.

Episode Transcript

Speaker 1 (00:00):
You know, I've got so many moments where I think
I'm right, and like, you know, Rupert Murdoch once told
me something and I went, oh my god, everything I've
known up to this moment is wrong. I have to pivot.
So you have to be willing to know that you
know nothing every day of your life, of your every
day of your life.

Speaker 2 (00:20):
What if I told you there was more to the
story behind game changing events? Get ready for my new podcast,
That Moment with Damon John will jump into the personal
stories of some of the most influential people on the planet,
from business mobiles and celebrities to athletes and artists. All right,

(00:42):
so today's guest is I don't know see if my
she's my buddy. She's been in my book Rising Grind.
She has so many accomplishments. You know, she has a
podcast out Moneymaker Mimundo Rico. I think that's the way
you say it because it is the only bilingual Spanish

(01:02):
slash English financial literacy podcast designs for everyone. And we
know both of those communities need more financial intelligent. Actually,
everybody needs more financial intelligence. My name is Nellie Gan Galan,
and Nelly is the definition of self made and she

(01:22):
actually has the New York Times bestselling book put out
in twenty seventeen called Self Made, as well as she
has becoming self Made dot Com, which she reaches over
seven hundred and fifty thousand women monthly and has really
just inspired so many people. I'm going to get to
the really quick highlights of who she is and where

(01:42):
she's come from, basically simple as this first Latina president
of entertainment for the United States TV network Telemondo and
an Emmy Award winning producer of over seven hundred shows
in both English and Spanish. And if I have to
go into all the things she accomplished, we will never
get to talking to her. So I'm just going to
jump right in and talk to this amazing, amazing woman, Nelly.

(02:05):
What's happening. How you doing?

Speaker 3 (02:07):
I'm doing great.

Speaker 1 (02:08):
I've you know, I've moved from LA to Miami, and
I did it to help my parents who are old.
But I'm loving Miami and you know I'm dying for
you to join me here.

Speaker 2 (02:19):
Well, I know we went out. We went out the
other day and we had a great time. Miami is
a fit for you. I never did really see you
in La, but you're a global person, but Miami because
of so much culture and so what it is over there.
It is just it's been your home way before anyplace else.

Speaker 1 (02:39):
But you know, I had to go to other places
to then finally come home. I think for Cubans, Miami
is the closest thing to home because we don't we
can't go back to our country. I mean we can,
but it's not pleasant for us. And this is as
close to home as it can be. And and I
think Miami is so international and it's just happening right now.

(03:00):
You know. I was just in Madrid, and I thought
Madrid is kind of like the second Miami because all
the Latin Americans are moving there because it's the cheapest
city you know, of that magnitude in Europe right now.

Speaker 3 (03:13):
And it's kind of hot too.

Speaker 2 (03:15):
Yeah. So I mean, as they say, like listen, if
you live in Miami and New Orleans, that's the closest
you're going to get to the United States. But so
let's let's just jump into this. You know, you know
your history. Many people know what already, but I mean,
at the end of the day, being the president of
a network, television network is the highest achievement that you

(03:37):
can really have in regards to a position in a
television network and being a woman, and that is obviously
much harder than being part of the old boys club.
But you started off, I believe you thought I was
a reporter. Correct, Yeah, I did.

Speaker 1 (03:54):
I was a teen I was like Lisa Lank today.
I was a teenage reporter. I was recruited at a
very young age. I was seventeen years old and I
went to basically be a reporter on the teen version
of sixty Minutes that PBS was doing, and I had
to move to Austin, Texas, leave my parents at seventeen.

(04:17):
They freaked out, And I had a magical teenagehood because
it was back in the day when they were making
these documentary pieces on film, and every producer that I
worked for at the time has become an Oscar winner,
and it was, I mean, for me, it was very glamorous.

Speaker 3 (04:36):
And from there I got.

Speaker 1 (04:36):
Recruited by nineteen to CBS in Boston and I was
like a producer correspondent, and then my whole life changed
and I had a magical moment happened.

Speaker 2 (04:48):
But when you were a reporter, these weren't these weren't
Latin networks, I mean the boys and one wasn't what
was the you said Texas? Was that the first one
in Texas?

Speaker 1 (05:00):
But it was PBS Network TV. It happened to just
be housed in Texas. And yeah, no, they found me
because I was writing stories.

Speaker 3 (05:10):
I had it.

Speaker 1 (05:11):
I'd gotten the youngest guest editorship at seventeen magazine and
I was writing articles and they found my stories that
I wrote, and they thought I should audition to be
a reporter. They were looking for young reporters for that
TV show and I got it.

Speaker 2 (05:27):
And you know, this is a question. You know, I love,
I love, I love what we do here. And when
we're talking about that moment, because I'm educating myself, I
never really thought of this. Where does where do you
get trained if any, to become an executive at a
television network? Or is that normally just producers that have
worked their way up they have so many shows. Is

(05:48):
there any formal because I like, yes.

Speaker 1 (05:51):
Usually riffs not not not training, but usually most people
that go into running a network were in Usually they
were in Ivy League schools and they studied either English lit.
Or they could have gone to Boston to Harvard and
then been in like, you know, kind of a Harvard

(06:15):
Club of writers and that kind of thing, and they
go into the way you usually not the way I
did it. But the way people usually climb to a
network head is really from a development place. You start
as a junior development exec that loves to read a lot,
and you have to pick material that you think is

(06:37):
going to be a hit and if in that trajectory,
so first you.

Speaker 3 (06:41):
Become an assistant.

Speaker 1 (06:42):
Then you become you might even have gone into an
agency and been an assistant in an agency, because you
really have to know who's who in the business. That's
a great question, by the way, that no one ever asks.
You really have to know the business first. And that's
why a lot of kids go in to it that
are the kid of somebody, because they know the trajectory. Okay,

(07:05):
like you and I ordinarily wouldn't go into the like
we would have never been in that field, right, And
you work up the ladder, and if you find a
hit show, you go up the ladder and you eventually
become the head of development and then you're the president
of the network. But those people the reason that they

(07:26):
usually only last a couple of years, where the system
is flawed.

Speaker 3 (07:30):
Is you really don't know.

Speaker 1 (07:31):
Anything about business. It's not like working at Coca Cola,
where if you become someone that starts at the bottom
as an assistant and they think you're smart, they put
you in what they call succession. So you're being roomed
to be the president of marketing or the president of
sales or the president, and then those presidents go into

(07:55):
succession to be the president of the company.

Speaker 3 (07:57):
But you are very prepared.

Speaker 1 (07:59):
When you become the president of the company because you
have worked in sales and brought in money, you've worked
in marketing. You don't become the president of Kroke if
you haven't worked in a lot of different divisions of
the company, right, and maybe even abroad. You have to
really know the whole picture. Whereas in TV or in

(08:20):
film people are specialists. And that's why you say when
you and I look at things and go why did
that movie get made?

Speaker 3 (08:27):
Or why that that TV?

Speaker 1 (08:29):
Sometimes the person that chooses is it doesn't really know
that much about the macro of the finance.

Speaker 3 (08:36):
Of the company.

Speaker 2 (08:38):
Is that because is that because they're more like you said, right,
they're they're they're almost like talent scouts who say I
know how the world. I know how to bake a cake.
I know that I need these actors. I know I
have these producers. I can put this cake together and
they give you your out were two hours or season

(09:03):
kind of showrunners. I'm trying to understand why.

Speaker 3 (09:07):
Well, that's why it works that way.

Speaker 1 (09:08):
But here's this is why my experience is in a
way better because when you're.

Speaker 3 (09:14):
In a little cuci finito.

Speaker 1 (09:16):
Little network that's an upstart, right, we can't afford I
can't afford to do the deals that everyone in entertainment
accepts to be true. Where you have twenty producers that
get paid, it's all very inflated because people that go
that are the executives and the people that they just
follow what everyone's done. And church and state is separated.

(09:39):
Finance is separated from development, and development is a creative field,
and so you can't help but spend a lot of
money to be in the in those big networks when
you work like I did, where I started at the
bottom and worked my way up. But as a station manager,
I've come more a station manager and ABC would never

(10:02):
become the head of the network. It's more of a
meat and potatoes local but very fiscal job. And I
came from the station side, where you really learned the business,
how to get the advertisers, how to get local money,
how to engage the community. It's much more of a
grassroots way of going up. And we also didn't have

(10:24):
the money, so I had to invent models of how
to pay people and how to get advertised. I had
to do it in a more entrepreneurial way, which and
I don't think I would have ever been hired to
be president of Telemundo if I hadn't launched so many
channels before that in Latin America for American companies. I

(10:45):
started a business before I became president of Telemundo that
launched HBO and ESPN and Fox in Latin America, and
I had fiscal responsibility for those channels.

Speaker 3 (10:56):
So I'm a weird bird.

Speaker 1 (10:58):
Because I have the creative side and I'm very fiscal,
and usually people that become presidents of networks don't have
to be that fiscal as I have been.

Speaker 2 (11:11):
Okay, and you know, it sounds like we're both very
similar because you know, I have a creative side of
design and clothing, but I was very fiscal about Okay, well,
it's nice to put a shirt together. And but you know,
how are everybody involved going to get paid? And and
I'm going to get into that with you because you know, today,
you know, when we're talking about networks, it's like talking

(11:31):
about dinosaurs. And I know if all the people listening,
if you are, you know, Hollywood, they they say today
when you go into Hollywood, it's no longer Hollywood. It's
it's a bunch of blue collar workers working for tech companies.
Because Netflix and Amazon and all the companies that are

(11:51):
putting out you know, uh content these days, they care
about their stocks and their shares. They don't care about
a lot of other things. And you know, oh, listen,
they're doing a cost plus twenty or something like that
thing where basically, if you don't know what that means
is if you spent a million dollars as well, twenty
percent of that will give you twenty percent on top
of that. So you spent a million dollars on creating

(12:13):
something per episode, we will give you a million one
point two million. It's you know, costs plus twenty when
and by the way, you don't know how many people
watch the thing because they're not giving you that data.
So it's unlike, Hey, I'm John Singleton. I made Boys
in a Hood for four million dollars and it just

(12:34):
made eighty million dollars, and you know, I netted twenty million,
not twenty percent, twenty million. And those days are over
in Hollywood for the most part. So I definitely want
to get into that. But let's go back to the
basics now that we set the foundation, foundating foundation. You

(13:06):
are working, you are your reporter, you move up, you go,
you're in Texas, Austin, then you go to Boston. What
happens there? What was that period of time and how
did you You said you started having other little shows?
What exactly happened?

Speaker 1 (13:24):
Here's what happened. I mean, actually it was very It
was a life changing moment. I get sent as a
reporter to go interview. Do you know what a stringer
is like? The person that goes and does all the
segments for the news and then Diane Sawyer or whomever
shows up and it looks like they did the interview,
but you went and did all the interview.

Speaker 3 (13:44):
That's how you become a reporter.

Speaker 1 (13:46):
Early on, and I was sent to interview everybody in
America that knew John F. Kennedy for a special on
the life of John F. Kennedy, a news special, and
one of those people was Norman Lee or in home
and he was like, what you know, what are you?

Speaker 3 (14:04):
Are you Latina? Are you? I go, yeah, I'm Latina
and he.

Speaker 1 (14:07):
Goes, my partner and I just bought the first Spanish
TV station in New Jersey, like, you should come and
work for us, he should meet you. And I go
later to meet Jerry Parentia, who just passed away a
couple of years ago, and he says to me, you need.

Speaker 3 (14:27):
To come and work for us. You know, the Latino.

Speaker 1 (14:30):
Market is going to be huge, and I go, you know,
I really like the last thing I want is to
go work in a Spanish TV station. I'm going to
be a reporter for CBS. And he goes, are you stupid?
He's like, you should just quit that. That's a factory worker.
Do you not know the Latino market's gonna blow up

(14:50):
and you're gonna be employee?

Speaker 3 (14:51):
Want if you're going to be rich?

Speaker 1 (14:56):
And and you know, like, I think that my my
superpower that I got in that moment. And damon, I
always say this to my kid because I say to him,
if you were me in that moment, you would have
gone with your ego and been the reporter because you've
had a mom that has been able to take care
of you. But since I'm an immigrant, my parents had

(15:19):
no money. We had trauma of having to leave our
homeland from one day to the next and lose everything.
I knew that bad things could happen to good people, right,
and I chose. And I say this because I think
this is a big life to say. I chose to
follow two people, not a job. I looked at Carman

(15:42):
Lear and Jerry Prenjer and I thought they look smarter
than me, and they're both rich. So I'm not going
to follow the sexy job that could be glamorous. I'm
going to follow two guys that I think are going.

Speaker 2 (15:55):
To mentor So you said, you said you chose to
follow your future instead of your ego. Yes, and that
is powerful. I've heard you say it before. So does
that mean for the store owner today who was maybe
having a little challenge and they're trying to convert online.
I'm just trying to put it someplace else, right, and

(16:18):
they just are embarrassed because they don't want to close
that store down, because they're gonna look at every everybody
can go what happened, you know, when they know at
this point that they are overextended. Nobody's coming in, but
they should just really concentrate on online sales. But that
store that's been around for so many, so many years,
they're like, man, I know, but people gonna laugh at me.

(16:39):
My father built it, this and that, and they decide
I'm gonna keep it over for a couple more years.

Speaker 1 (16:45):
I can answer that because I've had that happen to me. Remember,
I've worked with so many entrepreneurs and like all my
friends that their parents are owned bodegas, I tell I
go and I tell them there's no way you can
survive in this bodega. Go get a seven eleven. You
can'not in today's world with Costco and Walmart and all
these you know, people that buy in bulk, you can't compete.

(17:09):
So if you want to do that, then go buy
a franchise, or you're buying in bulk as a group and.

Speaker 3 (17:16):
You get help from other people.

Speaker 1 (17:17):
And I always say to my minority little bodega owners,
I go, you know, in life, you have to understand
what's happening in the moment, and you have to understand
the truth and you can't lie to yourself. And I
made that decision in a split second to go with
those guys. And I think sometimes when you hear someone

(17:38):
smarter than you, you have to acknowledge that they're smarter
than you, or that they're telling you something about timing
or there. You know, I've got so many moments where
I think I'm right, and like you know, Rupert Murdoch
once told me something and I went, oh my god, everything.

Speaker 3 (17:55):
I've known up to this moment is wrong. I have
to pivot.

Speaker 1 (18:00):
So you have to be willing to know that you
know nothing every day of your life, and especially now
we're about to be hit with AI, with biotech. I mean,
the idea we have of longevity and age is going
to be out the window. AI is gonna change if
we're not ready to it. In a drop of a hat,

(18:22):
say I'm wrong about everything, and I gotta I gotta pivot.
You're gonna suffer a lot in life.

Speaker 2 (18:29):
You know what. So that moment happened to you, But
let me ask you something. Let's dig deeper into when
that moment happens, because that's the moment that happened.

Speaker 3 (18:36):
And there's been many is not the only one.

Speaker 2 (18:40):
I know, but we don't. You know, there's a lot
of people that are extremely literal, and you said, you
know a lot of people go oh well, then as
soon as I get some great advice from somebody wealthy
or successful or healthy, than I should just you know,
they're gonna literally go I should drop everything said I
don't know anything, or when those moments happened, what was

(19:02):
the contemplation, because how did you measure the information you
currently had in your head with the new information that
you were receiving. Because I always say the only thing
more important than the information is the source that it
is coming from. So whether it is normally or who
has extremely a massive background in UH and making creating wealth,

(19:26):
or was he just being selfish because he thought that
he wanted you the.

Speaker 1 (19:32):
Harsh way he told me, like you should get my
work for Yeah, it was his partner who was more honest.
And I don't even know if somebody, damon, I think
what worries me in today's world is I don't know
if somebody could even say that to a minority woman
and like get away with it. And I'm glad he
said it to me, and by the way, he said

(19:53):
other things to me that were even harsher later, And
I don't know that someone would even be honest enough
to say those to somebody like me because they'd be
worried that they'll get in trouble or that they're not
being politically correct.

Speaker 2 (20:06):
Yeah, I mean, I get it, but and you're right,
and you know, listen, if people care they're gonna say,
they're gonna say it in enough way that it's edgy enough.
I believe that you will get it, because if everything
gets watered down, even the edgier people they're still being
going to be edgy. Hopefully they'll say it in a
more politically correct way where you get it. And unfortunately,
there's a lot of bad people in the world who

(20:28):
will say things in that way and they don't have
any good intent. And that's why I said, obviously, we say,
you know, it's more important than information of where it's
coming from. But the question that I really had, how
long did do you contemplate on some of these things?
Because we're all going to have these forks in the road,
and if you look at people that have egos that
kind of stepped away from it maybe Bill Gates or

(20:51):
Zuckerberg or some of these people who said, my parents
wanted me to go to college and I didn't, I'm
gonna look like a failure, you know what. I got
an idea called I don't know Microsoft, I have no idea.
But how long do you contemplate these moments when they come?

Speaker 1 (21:06):
I think that one I didn't contemplate very long. First
of all, I was very young. Yeah, and I when
he said to me, you're a factory worker, that resonated
like truth to me.

Speaker 3 (21:18):
Like I was a factory worker.

Speaker 1 (21:20):
I was going It sounded a glamorous what I was doing,
but I was shooting ten segments a day, and I
was I was on the path to being a network correspondent,
but I wasn't there yet. I was basically a schlepperd
making a lot of pieces and and I and I
also saw the politics of being at a network news division.

(21:44):
So it resonated with me that it was true. And
I think that I am very much a critical thinker.
So I can tell you many times in my life
after that, I've heard other things from other people, and
I have to you know, sometimes I hear it and
I throw it away. Because I think there's a hidden
agenda with whatever they're telling me or whatever. But when

(22:04):
I hear truths and I hear it from a very
smart person, I think that's one of my I think
that's one of my good traits that I can really
accept that they might be, that they might not know
something more than me, And sometimes I know something more.

Speaker 3 (22:24):
Than other people.

Speaker 1 (22:25):
You know, I've told other people things that are that
I believe truth for them, and they've made decisions based
on what I've told them. So I think that that's
I can't tell somebody this is when you know, I
think that's you have to have intuition, and you have
to also listen to your intuition.

Speaker 3 (22:44):
And I remind myself of that all the time.

Speaker 2 (22:47):
Right now, well, let's let's go into let's let's get
a little deeper into it. Right now, you all of
a sudden, you say, I'll accept this position or whatever
the cases. I have two questions, and maybe you can
answer them collectively or you can on some one at
a time. Now, you've got a lot of pressure he has,
they have a big investment that they are turning that
they are going, uh, you know, and moving on to

(23:09):
you happen to go in there. So number one, you're
part of their new baby. You know what. You know,
how did they earn your respect? Because first of all,
you're new. I just I just found you over here.
I'm putting you over here. So number one, how did
you earn their respect? And number two, well, now new

(23:30):
network something who was in Boston?

Speaker 3 (23:33):
Huh TV station?

Speaker 2 (23:35):
Excuse me, new TV station. Some woman that was in
Boston is coming over here. She's Latin. Okay, who the
hell is she? She's my boss. So now you have
your boss looking at you and your employees looking at you,
and you have to make this shit happen.

Speaker 1 (23:51):
You know what, I'll tell you something I don't I
think there are moments in your life where you're in
the right place in the right time. I don't think
that the stakes were as high as you think they
were because I didn't realize this at the time, but
they owned a lot of different companies, both in TV.

(24:12):
Jerry Pernia was a boxing promoter. He owned a whole
boxing This was like a little investment, like if you're
buying a house to you know, compared to all the
money they were, this was like a little house. And
what I didn't realize, and you're gonna you're gonna freak
out when I tell you, when I answer your question,
I think they expected this little house that they bought

(24:33):
that was a little rinky dinky station to be their
tax ride off. I think that when I started making money,
they were like in shock, they thought. And I think
that again, in my naivete of not understanding business, I
didn't realize that very wealthy people, just like if you're
let's just use an example.

Speaker 3 (24:53):
If you're.

Speaker 1 (24:56):
You know, I don't know ABC, right, and you're you
don't know why ABC buys twenty channels. What you find
out when you become an insider is that at the
end of the year, if they make too much money,
they buy businesses that are in bad shape so they
don't pay taxes, and then they have a long time

(25:17):
to make those things turn around. I think I didn't
understand the macro of how conglomerates work, and people that
own many assets buy sometimes things that lose money for them,
and they their tax rider. And the reason I know
this to be true is because I'm running this little
rinky dinky thing, and I'm figuring they're like, here, figure

(25:39):
it out, you know, they weren't paying that much attention
to me, and I on oh PM, learned how to
run a TV station. I made a lot of mistakes
that they didn't see, and but I was lucky because
they were right. The Latino thing was about to hit,
and the one area where it was hitting is a

(26:00):
radio city.

Speaker 3 (26:01):
Music hall was bringing in menudo.

Speaker 1 (26:06):
Tino artists that nobody knew about, and it was the
era glorious Stephank wasn't nobody then. People were putting them
in Radio City and they'd sell out. And those people
started coming to me. The radio the record companies were
coming to me and going, can we cut a deal
with you with these acts that nobody knows yet?

Speaker 3 (26:26):
Can you put on.

Speaker 1 (26:26):
A lot of commercials for them? And and I go, yeah,
well let's split the box.

Speaker 2 (26:31):
Office mm hm.

Speaker 3 (26:33):
And nobody knew that that was going to be big.

Speaker 1 (26:35):
And when I the first year I was in business,
I made so much money.

Speaker 3 (26:40):
That Norman Lear and Joy Prince go, oh my god,
here's supposed to be all tax right off. We got
go buy.

Speaker 1 (26:46):
A building, Go get you know, like I had to
learn to go buy a building to spend the money,
Go buy e whipment, Go you.

Speaker 2 (26:54):
Know, right, So so I want to I want to
break down what you said, and this is absolutely amazing
because there's two aspects to it. Right. So what you
said that people need to understand is that you know,
as you're growing businesses, you need more writers and IRIS
gives you up to three years to write off things.
So what you try to find is undervalued assets that
you invest in, and in the worst scenario that the

(27:20):
asset is still a loss, you get to take a
loss on where it's funding the business. And that's why
they said, hey, holy craps, you're not supposed to make money.
You made money, all right, go buy building one of
the cases. So that is true, and I do agree
on something else that there's one aspect of what you're
saying is like, you know, this is the same as
on Shark Tank, right, I got you know, three out

(27:41):
of ten companies will hit and that's great. But when
they buy a company, please do not confuse what Nelly
is saying is that they don't buy these underappreciated assets
with the hopes of clearly losing money. Because if you
really think of the key of what she said, he
was like, are you kidding me? The Latin Bark is

(28:01):
going to be huge. So what it really is is
that I hope in best efforts that this direction we're going,
if we're gonna lose money, we're gonna lose money. With
some potential rock stars.

Speaker 1 (28:17):
Yeah, they know that there's a runway, right, and venture
knows this too. There's a runway where all businesses lose money.
And at that moment, if that that thing that you
bought loses money, it helps you if you have other
businesses to write things off so you don't pay as
many taxes, right and damon you know you and I

(28:38):
have been talking a lot about my friend Julio, who's
a tax goat yep, And you know, the next book
I'm writing is about taxes with him, because I feel
that what I learned at a very young age is
the game of money.

Speaker 2 (28:53):
Yeah.

Speaker 1 (28:53):
That The reason that this like and where people don't
know is that the government, you know, in the tax
laws are meant to.

Speaker 3 (29:04):
Be good for both of us.

Speaker 1 (29:06):
Like in other words, you should be entrepreneurial, because the
tax laws are meant to help entrepreneurs, not necessarily employees.
And so the fact of the matter is when you're
a small company and you're struggling and it takes you
years to take off and then you start making money.

Speaker 3 (29:25):
But once you make a lot of money, you.

Speaker 1 (29:27):
Should be buying other businesses because the tax laws are
there to incentivize you to keep investing. Sometimes lose money.
That helps you with your taxes so you can keep
going because they want people to build more businesses and
create more jobs.

Speaker 2 (29:44):
Right, So everybody listening now listen, this is why that
moment will go into barrass areas like I still and
I'm trying to get ahold of you know, we're trying
to get the time that I still with your tax side.
Because there's also what Nelly is talking about is tax
laws and the through access to large wealth in this
country is not only tax laws, but there's something called

(30:05):
the tax codes. Now, tax laws are generally laws, and
tax codes are something now that are implemented and they
change and they come here and they go right. I mean,
I'll give you a tax code. I've shared with everybody.
This the COVID law when it happened, the relief up
until last year. You can get a one hundred percent

(30:27):
right off for any of your business meal expenses because
they wanted to get the restaurants back up and going.
That means prior to that it was fifty percent and
then it was one hundred percent right off. If it
was business related, that means you cannot go to the
grocery and write that off. You can't go to the
grocery store. It's even questionable if you had even gotten

(30:47):
an uber eats. But if you went into a restaurant
and you put down your card and you were having
a business meeting, well that is a one hundred percent now
even in that sense. Think about it like this. If
you went to a hotel and you went downstairs from
the whole tell to the lobby into a restaurant and
you use your hotel card and you said, hey, put
that on my room, Well that was only under your hotel.
It only gets a fifty percent right off. If you

(31:08):
took your credit card out separately and put it on
the table, that would have been one hundred percent right off.
Now could you had saved now ten twenty thousand, one
hundred and fifty thousand, whatever the case is. Tax codes
are made now they say that traditionally, and it's been
changing a little bit. Tax codes have been also. They
have left out minorities and women in the past and
this history of this country. You should understand the tax

(31:30):
codes because there are ways that they'll incentive by you
to buy radio stations, to buy this if it works
within the tax code and the way that the wealthy is.
All these people want to know, why don't the wealthy
pay tax I'll give you an example. If you have buildings,
as Nelly just said, you just buy a building, right,
you have, and you buy a couple of buildings, and

(31:50):
the buildings go up and a lot of value. What
they say you can do I'm not a big real
estate guy. Is you take out a mortgage or an
equity loan on that building. You now pay back the interests.
It's not taxes, right, you pay back seven percent, twelve percent.
It's not a sale. But if you do sell the

(32:12):
business or a stock one year after you purchase it,
now you pay capital gains taxes. Right. And then Nellie
is saying, there's also follow so no real estate. If
you then take that money and invest it into a
bigger building, you have a separate code that you pay exactly.
So that's all the good stuff. We will talk about

(32:33):
that at another time. But you can definitely follow Nelly
to find out all that. But I'm going to go
back into that moment where, now, let's think about it.
Here's exactly what happen. Let's talk about it from Shark tank.
Let's talk about it from your small business perspective. Right,
you have three or four things you're selling out of
your store, and you know, let's just really get down
to simpler. Right, you're selling shoes and you're selling accessories,

(32:55):
whatever the case. You have different departments. You're looking over there,
going you know what, the whole department. People always come
and ask them, well, we're not really investing in that,
you know what, Let's buy a couple of things and
put it over there. Let's hopefully think that it'll work.
But you're doing that by ten different categories than your store.
What Nelly's saying is they were like, yeah, okay, Nelly,
I got this a new thing. I think it's going
to be big. I have a good feeling I wanted

(33:15):
to go run it. They turn around, all of a sudden,
the holder is taking up sixty square feet in your
store instead of ten. Because that you realize they buy
shoes once, they keep ripping your holdery every other day.
They keep buying one. They need nude, they need black,
they need charcoal, they need and now you're putting the
spanks in there, and now you put holy shit, I
got a big company running over here. So now all

(33:37):
of a sudden, you got a big company, Nelly. I mean,
you've done it yourself. What do you do now?

Speaker 1 (33:41):
So now I'll tell you what happened. So I run
this thing for a number of years, like three years,
and we made so much money that somebody came in
and offered them to buy the station. This is before
I was Telemundo, and they sold it. And when they
I was distraught and I went to see my boss

(34:04):
and I started crying. I think I told you this
story privately before I started crying, and I said, oh,
could you do this to me? Because I thought they
were never going to sell it. And he says to me,
young lady, those are my chips. If you think, well,
you've got what it takes, go get your own chips.

Speaker 3 (34:26):
Now what a guy say that to me today?

Speaker 1 (34:27):
I don't know you got the guts to say that
to me today, But he said that to me, and
I went home and I thought he was a jerk,
and I was catatonic for three days, and then I
woke up a few days later.

Speaker 3 (34:42):
And I thought, I'm never gonna let this happen to
me again. I'm gonna start a bus. Start it, start it.

Speaker 1 (35:06):
That's where I became you, but in a different category, right,
And but I did everything wrong, damon, because I you know,
what I probably should have done is you know, which
is what I tell people to do.

Speaker 3 (35:20):
Now. The new guy that was buying the thing wanted
me to stay, and I was like no.

Speaker 1 (35:25):
It was like again my ego, and I say to people,
don't leave. Don't just think you're going to bootstrap a
business from one day to the next and leave your income,
like side hustle it while you're cut your job and
while you figured out some stuff, you know, Like I
went through four miserable years after that trying to start

(35:47):
a business that wasn't happening, and I had to go
back to CBS and like do Stringer reports to make money?
And and I would I would like my parents would
be like.

Speaker 4 (36:02):
Why what are you doing? You're going to lose your looks,
you don't find a man. Why are you doing this?
We lost everything in Cuba? Why do you have to
be entrepreneur. Why can't you just get a job?

Speaker 1 (36:12):
And I would hear this every day, and you know,
I called Jerry Perenchio back up and I said, I'm
trying to.

Speaker 3 (36:20):
Do this business. It's four years.

Speaker 1 (36:22):
It's not working, and he goes, When I was your age,
I started a business. I lost money for ten years,
and then I became a multi millionaire.

Speaker 3 (36:30):
You're only in it for four years.

Speaker 2 (36:31):
What are you doing? I might have said the same
thing to you, guy, But I.

Speaker 1 (36:37):
Also know from helping other entrepreneurs, you also have to
know when it's time to give up.

Speaker 2 (36:43):
Yes, you do. You said, sometimes you gotta know when
to quit. Yes, that could be a relationship, that could
be school, that could be a job, that could be entrepreneurship,
that could be I mean smoking. I mean, but nobody said, boy,
I can't wait to keep smoking. So people at least

(37:03):
know you gotta quit that one. What do we say
to people, because to give them that moment, maybe this
moment for somebody.

Speaker 1 (37:14):
I think when you are climbing up a mountain the
hardest possible way. You know, When I was on Celebrity Apprentice,
Jean Simmons said to me, and I thought, at first
it hurt me that he said it, but he was
so right about about this about me, he said, even
working on Celebrity Apprentice, which was just a.

Speaker 3 (37:35):
Show, it was fun.

Speaker 1 (37:36):
I am so, you know, And he's like, go on,
I feel like you're an immigrant that's climbing a mountain
the hardest possible way. Why don't you. Why can't you
ease into it? Why can't you?

Speaker 3 (37:50):
And he's not wrong.

Speaker 1 (37:52):
And I think that when you sometimes like the biggest
successes of my life have come easily, like the door
has opened easily.

Speaker 3 (38:04):
It's almost like the.

Speaker 1 (38:04):
Universe is showing you and sometimes you're trying so hard.
I think when you give it, you're one hundred percent
all and not one thing is going right. I think
the universe is trying to tell you something. I think
that in the case of me with that business, I

(38:27):
did get little bites. I was getting little bites, and
why because the timing was coming, so it wasn't.

Speaker 3 (38:34):
Completely like otherwise I would have quit.

Speaker 1 (38:36):
I was getting little signs of positivity that amounted into
a volcano.

Speaker 3 (38:42):
Like when it came, it came all at once.

Speaker 1 (38:45):
So I wasn't wrong, but I could have done it
easier without so much pain. So I would say to
you if you're at it and at it and at
it and every business is paying, but I would say
with you with poo, didn't you get like didn't you
get like little signs that it was gonna work out?

Speaker 2 (39:06):
Yeah, a whole bunch of little milestones and little wins.
Not that it's going to even work out, that it's
just to you know what our efforts are starting to
call you know, we don't know, we don't know, but
we do know something's here. And I just got a
little win.

Speaker 3 (39:18):
That's right.

Speaker 1 (39:19):
And I think there have been other times in my
life where it's so definitively a disaster. I mean, I
can give you an example that you have to give
up and you just have to surrender.

Speaker 2 (39:35):
I want to know that example. But I want to
know how did Gene Simmons, within who's brilliant, How would
Gene Simmons, within a little period of time be able
to pull that analogy or or break you down to
that extent where he can notice it. Because I'll give
you an example. You know, is it going back to the
ego or not. I'll give an example. One of my

(39:56):
daughters never wants anybody to know, I've always kept out
of the public light because you know, when she was
coming up, there was not social media. And I always
want my little girls to be great human beings, upon
them earning their right and doing what they want. I
don't want the pressure. However, I do say to her sometimes, hey,
you know, let me let me call somebody that I

(40:16):
may know, you know in that position, because I know
you want you need an internship. And she goes absolutely not,
And I try to break it down there and say, listen,
I know you want to earn this all on your own.
But by the way, when Daddy called my friends, if
I called Nelly to to to let you be an
intern or work somewhere, don't think you're gonna get any

(40:39):
special treatment. Matter of fact, she'll fire your ass before
she fires anybody, because she's gonna say, I'm not gonna
allow Damon would never allow his daughter to get this
special treatment, and get your ass out of here. And
so you're only getting your foot in the door. After that,
Nellie's got to run a business. She ain't gonna be like, oh,
well the numbers are down, let's just keep them down
because that's Damon's daughter. So I always say, get every

(41:01):
every little aspect you can is helpful.

Speaker 3 (41:07):
Absolutely.

Speaker 2 (41:07):
You know, why does she make it so hard on herself?
She like, you know, my daughter wants to make it
no problem. But is that when you're how did Jeane
find out about you? Just like knowing that you were
climbing the flat side of the mountain.

Speaker 1 (41:22):
Because we worked on tasks together. And he's remember Jeene
Simmons is Israeli and he's an immigrant.

Speaker 3 (41:29):
I don't think people know that about it.

Speaker 2 (41:31):
I did not know that. I just knew he's a
rock star. And we actually have the same we never talk. Well,
we've had the same IP attorney for the last thirty years.

Speaker 1 (41:38):
Jean Simmons was a school teacher in New York for
years before he came became Kiss Wow. And he came
up with kiss because he said, I want them to
work costumes so eventually we don't even have to perform
like they could go on the You know, it was.

Speaker 3 (41:54):
A smart blum.

Speaker 1 (41:55):
He is an immigrant Israeli and he knows from he
felt me because he used to be me.

Speaker 2 (42:03):
Mmmm, that's true.

Speaker 1 (42:06):
So I think I think that going back to two difficult,
and I think everything is difficult and climbing to wherever
you want to go is difficult. It's not easy for anybody,
but you have to really again, and I think you, well,
that's why we all need mentors. You need somebody to
tell you it's time to call it a day.

Speaker 2 (42:28):
It is, it is, And I guess that's that's the
important part, having the mentors to then you know you
you're questioning yourself, right and I you know, I mentor
a lot of obviously, and you do too, a lot
of CEOs and stuff. And the question is gathering is
much information because when you start moving on these journeys
by yourself, there's that one part where everybody who was

(42:52):
the naysay is, which is ninety percent of the world
who just they don't see the vision or maybe they've
been trained this way. You can't listen to them because
you're moving into an area by yourself. However, there are
people who've been there who will way further ahead of you,
and if you have the opportunity to get ahold of
their attention, you need that information because as entrepreneurs and

(43:14):
anybody who like you and I and the people listening
a type personalities, well, all the naysayers are behind us.

Speaker 3 (43:21):
That's right.

Speaker 2 (43:22):
All the people who succeeded are ahead of us. How
do we how do we and where do we get
that information from?

Speaker 3 (43:28):
You know, well, I'm going to tell you this.

Speaker 1 (43:30):
I think I tell everybody I have had great mentorship,
and I've had great mentorship because I ask everybody not
to be my mentor, because I think that's off putting.
But I ask people questions, and I think I really
have learned to listen to people older than me. I
mean my I just had a podcast with my eighty

(43:52):
year old real estate mentor, who's an older Jewish woman
taught me. She was a real estate agent and she
taught She had a fortune herself, and she taught me
how to buy real estate. I don't know why more
young especially I'm gonna say young women don't come to
older women. We don't want anything from you. I've been there,

(44:12):
done that, bought the T shirt. If I tell you
don't go down this road because you're gonna fall, you're
gonna fall.

Speaker 3 (44:20):
So you know the.

Speaker 1 (44:22):
Parts of me that have been healthiest, which are my
business parts? I think I have heard I've had a hard,
harder time like all of us in personal life because
I think we're run personally by our hormones when we're young.

Speaker 3 (44:37):
And we make bad decisions.

Speaker 1 (44:38):
I could give I could give the women out there
that are listening a whole speech about that. But in business,
I have listened to my elders, and I listen to
my friends, and I listen to my friends that are
minorities because we understand what we've had to We have
a whole special set of issues that only we understand.

Speaker 2 (44:58):
You. I really want to get to I really want
to get to some other aspects of your life, but
I keep getting caught on all these amazing nuggets that
you're dropping. This is that moment for me. I just
realized something. When I think of mentorship, I think of
I think of I'm sorry. This is the way I think.

(45:19):
I think of men and or women seeking out other businessmen,
but generally men talking about and we owe all my
circle of meen. We talk about all the men we've
talked to. And I do know women who come to
me and about level of mentorship and you know whatever.
They could be women who are young ladies at fifteen
or thirty or forty. But I actually have never really

(45:40):
heard besides women going to other matriarchs in their family.
I don't necessarily know if I really have heard too
many women say. I have a group of women mentors
from all different walks of life, and I asked them
who or you know, in their sixties, seventies, eighties, what

(46:02):
are the cases? And I keep going to them to
ask them everything from you know, because it's it's challenging.
I don't think that that is as popular besides the
women who probably talk to their aunts and their mothers
and grandmothers of course, right because they've seen, you know,
what they've been through or what they who they've raised.
I don't normally see many women seeking out a massive

(46:24):
amount of more mature women as mentors. Is that true?

Speaker 3 (46:28):
I think that's true.

Speaker 1 (46:29):
I think that I have cultivated these relationships because I again,
I see somebody and I go, God, that person knows
something I don't know, and I ask them out to lunch.
I don't like I think you know a lot of
people come up to you and me, dam and I go,
can you be my mentor?

Speaker 3 (46:46):
I mean, how many people can I mentor?

Speaker 2 (46:48):
Right?

Speaker 1 (46:49):
It's off putting, But if you say to me, you know,
I really appreciate you. Can I take you to lunch
or can I or you said like, you have to
be smart about it because I think relationships are cultivated
and I think that I you know, everybody ignores people
that are older.

Speaker 3 (47:08):
And when you ask an older.

Speaker 1 (47:10):
Person that's wise, that has so much, and you ask
them out to lunch, are they are they getting asked
out to lunch a lot? And then they're they're there
for you because they have.

Speaker 2 (47:20):
Time to tell you, well, here's the best, here's the
best about older When you ask older people, so they
give no folks, They're gonna tell you exactly what they
think now now. And I want to make sure that
I'm very clear on that there are many, many, many
women mentor groups. Who are you know, women in collective
groups slush as you have a bunch a Cindy Whitehead,

(47:40):
a Canny Valentine, Robin Robbins. No, I'm not talking about
the women who may be executives all thirty forty fifty.
I'm talking about a forty five year old asking an
eighty year old about various things in life, who she
is not related to. Don't get me wrong. I have
I have a twenty people over seventy primarily maleed with

(48:04):
maybe three of them women that I still as, Hey,
what am I not thinking about when it comes to
the light, when it comes to my children, relationships nothing
to do with money. And they gave me the most
fascinating advice that I also apply to business later on.

Speaker 3 (48:23):
Listen to this.

Speaker 1 (48:24):
I went to see an eighty year old friend of
mine a year ago and she was passing. She passed
since and the last time I saw her, I said,
tell me before you leave this earth, what do I
need to know that you wish you knew.

Speaker 3 (48:40):
At my age?

Speaker 1 (48:42):
And she said, you need to have a great mate
at the end of your life. You need to exercise
way more than you ever think. You need to study
balance because everybody, most people die of falls and it's
the worst way to.

Speaker 2 (48:59):
Go physical balance.

Speaker 1 (49:02):
Yeah, balance, learning how to balance yourself. And I don't
have to worry about you because you're very good with money.
But you need more money than you think. At the end,
you're gonna need extra help. And I said, And then
ten days later she passed.

Speaker 2 (49:22):
I know if you had asked me that, And I was,
you know, sick on my bed out of and like
enough with the goddamn questions already, you know, you know what.
I want to make sure that I'm going to tell
you something.

Speaker 1 (49:35):
I just read this Harvard study on happiness. They asked
all these old people what they wish they had more of.
And I really believe that people are craving deep conversations.
And I feel like that's the thing I love. Like,
you know, you and I have had very deep conversations.

Speaker 2 (49:57):
Yeah, you get together.

Speaker 1 (49:58):
I mean, I don't know. Maybe it's because we I
don't know why. We have a lot of some body
going we go. I like deep.

Speaker 3 (50:04):
I don't want to go blah blah blah. I want
to go deep.

Speaker 1 (50:08):
I want to I want to really, you know, I
was telling a friend of mine, I am loving this
period of life because I love going back and thinking
what did I do right? What did I do wrong?
It's also we have children. I think we owe it
to our children to tell them these things. What do
I wish I had done different? I hate when people
say they have no regrets. Everybody has regrets. They may

(50:30):
not admit it, but they do. Why do you think
has what's gotten me here still working for me? Or
what could I do differently going forward now that I'm wiser?

Speaker 2 (50:41):
Yeah, because it's gotten you there, because some of those
things won't get you further. And sometimes it's some of
the people in your life who gotten you there, but
they can't. You can't take everybody with you on this
new journey because they're not ready for that journey. And
I want to make sure that I hit those four
points before we leave, because those are the things that
I want people to know. I mean, those four points

(51:02):
that you know about balance, about having more than you
think you need, about having a mate, and those things
they're very, very critical. You know, I'm only a deep
conversation with you. I mean, I'm heading to Paris next
next week. And you know why I'm heading to Paris.
I've been to Paris a million times. I've never been
with my wife was always working, and I never really

(51:25):
enjoyed Paris. And somebody said to me, he said, you know,
you got a little girl. He said, you know what
I do with my little girl. I took her to
Paris last month last year. And I said why, He said,
because I want her to know that only a man
that truly loves you is going to take you to Paris.
So I'm taking my little girl to Paris. By the way,
my wife is invited, but anytime she gets out of.

Speaker 3 (51:46):
Hand, I'm single, so you better find me that way.

Speaker 2 (51:51):
That's your job, buddy, exactly. But you know, it's these
little things that it is a little The world is
moving so fast, but these deep conversations where I mean,
these little little moments right will change people's lives forever
if they just really collect a lot of these moments
and put them in an area where they see what

(52:11):
fits for them.

Speaker 3 (52:12):
And I think it's important for men to hear.

Speaker 1 (52:14):
You know, you're lucky because you and I and you're
very open and very authentic. But men don't like to
always dig, you know. You know, I have a doctorate
in psychology, so I like.

Speaker 3 (52:24):
To go deep.

Speaker 1 (52:25):
But I think that a life that is not looked
at deeply is like it's almost like it didn't happen
if you don't share. You know, my friend Santosis Netros,
who's are Maya Angelou and the Latino Markets, always says
to me, you got to write your stories because otherwise
they didn't happen. And I'm also saying, you've got to

(52:48):
tell your truths. You've got to unravel the truths of
your life and share them otherwise what was the point
of your life?

Speaker 2 (52:58):
How was the reason of your exist sense? Yeah, that's critical.

Speaker 1 (53:03):
Wisdom, your regrets, all of it is so powerful for
another person.

Speaker 2 (53:10):
Now, listen, we've had a we've had a great conversation,
and this is extremely powerful, and we're gonna have to
do this again. And I know that so many people
taken away.

Speaker 3 (53:20):
You and I. I mean, listen, there's no there's no
short of a material man.

Speaker 2 (53:24):
I know. I mean, I gotta really, I gotta really,
I gotta look at this because there's four or five
things I've taken out of well by.

Speaker 3 (53:30):
Saying no, I was gonna say that.

Speaker 1 (53:31):
What I love I think why I like you so
much is I think you and I both love to
teach or impart what we know. But I think we
also both love to learn.

Speaker 3 (53:42):
Every day.

Speaker 2 (53:45):
Absolutely, they say, you know, make sure you learn something
new every day, especially in the morning, because if you do,
it may save your life. But uh, you know, I
want to I want to put a button on this,
you know. I after we've taken this journey and I
and and I know people, you know, I want I
want to make sure they can exhale you. You w Yeah,

(54:06):
you went through all those those turbulent times, the upst
the down, the taking of risks, the moving over here.
Then all of a sudden you get to this really
great point in life. Not that it was easy being
the president of Telemundo and all the Emmys and the
seven hundred television shows, and now you're by the way.

Speaker 1 (54:28):
In case all of you want to know, I'm Latina Tyler.

Speaker 2 (54:31):
Perry, and and you're at the top of the world
and everything is going great. Once you had really turned
back and looked over you know your past and your accomplishments,
your failures, and you were at that really.

Speaker 3 (54:44):
Comfortable than accomplishments, of course.

Speaker 2 (54:49):
And when you were at that comfortable place where you
can start really deciding on what you want to do,
when was the point when you either said, I've done
enough and I need to move over here, or I
want to challenge myself again, or when was that point?

Speaker 1 (55:05):
I think when I had finally made money, which as
an immigrant I always feel like I'm broke, but I
finally realized I have like it was a moment where
I'd made enough money that I felt somewhat secure. Let's say,
and I made a crazy decision. I had a thought,

(55:29):
if I were to die in a year, what would
I regret? And the reason I thought that is because
my son was in the third grade and he was
struggling in school and he was diagnosed that he had
some learning disabilities, and he said to me, I'm never
going to go to college because you didn't finish college
and you've done really well. And I thought I would

(55:51):
regret if I died in a year. I would regret
that my son never witnessed me finishing school. Not because
I need a paper, because I'm already successful, but I
want him to see that I acknowledge that I have
gaps in my education and that I'm not a baked cake.

(56:12):
And I went back to school, Damon, and I got
a master's in doctorate in clinical psychology. And I think
it's the single greatest decision of my life, not because
I finished college necessarily, but because I was super.

Speaker 3 (56:28):
Advanced in business, because I've been.

Speaker 1 (56:30):
Doing it since I'm a kid and super regressed and
immature as a woman, and I had made so many
bad decisions in my personal life because of my immaturity
that going to psychology school and having to go to
therapy myself and give therapy to other people and I
would say that if I had to do my life
over again, I would have started therapy at fifteen because

(56:52):
all of us minorities are carrying so much baggage that
to cleanse that is a big load.

Speaker 3 (56:58):
Off your back.

Speaker 1 (56:59):
I realize that I was completely immature as a human
being and very old as a career person, and I
got to slow down my career and catch up and
become congruent.

Speaker 2 (57:15):
Oh god, that's that's a whole nother. That's a whole another.

Speaker 1 (57:20):
Uh.

Speaker 2 (57:21):
That was the.

Speaker 1 (57:22):
Greatest moment for me to be in the second half
of my life as a grown mature wise.

Speaker 2 (57:30):
And you would think, you know, people would think that
the level of success with the title or the money
or the the acknowledgement is equal.

Speaker 1 (57:42):
And have I worked within Hollywood that are megawealthy and asses.

Speaker 2 (57:47):
Yeah, but people think that that's equal to success or
and we know listen, we also know Hollywood that is.

Speaker 3 (57:55):
Does that necessarily bring happiness?

Speaker 2 (57:58):
So when when when somebody right now and that you know,
so people some people they go and take a hoaj
or they go and travel the world. They they go
like you're saying, or they take up on hobby, or
they go and work at childble organizations. They feel that
with all this that I've had around me, something's missing.

(58:21):
You felt something was missing, and the most important investment
in your life made it very clear to you that yeah, mom,
nothing is missing. I'm going to do this because and
then you probably sall, wait a minute, no, no, no, no,
I want to I want to complete this. I want
to complete this area of my life. Will go down this.
When does somebody know to do that?

Speaker 1 (58:42):
I think when you're when you're realizing that certain some
things are going wrong in your life, even though some
things are going very right, and you're the common denominator
in the story and you can't figure out why it
keeps happening. I think you wake up one day and
say something is wrong, and I don't know what the
answer is.

Speaker 2 (59:01):
I did that. I have to think about it now,
reflecting on it, you know, Boble, you know, was starting
to slow down. I still had my other company and
my other brands, and I realized that, man, I got
all these houses, I got all these cars, but my
friends are enjoying my houses more than I am. Never
in them. I got a car, I live across the street.

(59:22):
Why do I have a driver for a madback I
live across the street. Is it because of the ten
times a month that six people will see me get
out in front of a club? So it's sixty people
that I'm spending. I don't know what driver I'm a

(59:44):
back parking it it's sixty Is it? Why am I
flying private all these times? Because? Is it because I
don't know the four people in the front row of
the plane the commercial plane will see me? So I
need to spend sixty thousand dollars a seventy thousand dollars
round trip to California to avoid seeing eight people, and

(01:00:09):
I don't know I get there three hours difference. So
I started shutting everything down, and I realized that probably
about thirty percent of my money was being spent because
it was just that's what I thought I should do
because and I wasn't even listen. I have nothing against

(01:00:30):
anybody who flies privately. I got nothing about anybody who
just needs to be a chow for it. It's just something
that I don't like to do. I mean, I just
don't give a shit. And when I started doing that,
not only the money, I just had so much more
peace in my life, you know, I think that was
the point where I said, I got to start searching

(01:00:50):
out more spiritual conversations, more real. Then I started cutting
people off too. People I was like, why am I
dealing you just because you're wealthy or just because you're cool,
you're hip, while you're a known slibt, I don't want
to deal with you no more. Well, just because you're
a family member, that doesn't mean you're cool, doesn't mean
you're not a thief.

Speaker 1 (01:01:09):
Yeah, I think these a has happen, and I think
a lot of people ignore them right because it's too
painful to go there to admit to yourself something is wrong.
But I think that also when you know we're talking
about an era where everything is going very fast, and
yet human beings need time to process things. And sometimes

(01:01:32):
when we're going so fast in our career and we
miss marker moments of your life like a graduation, a wedding,
all the things that mark the end of an era
in the beginning of another era, you become regressed. I
think for me, I've worked with more men than women,

(01:01:53):
and I've experienced men, and I didn't know how to
explain it until it happened to me because I was
living the life of a successful man, that you're going
so fast and doing so much and da da da
da da da, and you're not realizing that you're not
growing whole because you're not You don't even have time

(01:02:14):
to process what's happened to you. Hasn't that happened to you?
That sometimes you're working on a project and it all
goes by so fast, and then later you're like, oh
my god, I didn't even realize I did all these things,
like you didn't even have time to enjoy it.

Speaker 2 (01:02:30):
It happened short, It absolutely happened. I always sad. I
travel the world, and I think I shook everybody hand
on the planet twice about the age of thirty five,
and the entire world was an airport, a boardroom, a hotel,
and a restaurant. And now I will pull my pants
all the way up to my nipples, put a camera

(01:02:50):
around me and put an eye love wherever I'm at
button on and walk around, you know, and eat the food,
and go into the hood and see to people and
just steal those hours of that day in that place
to go know that city. Actually, I've started to take
up scuba diam because I've seen enough clubs. I haven't
seen enough coral or ocean reefs. I want to see

(01:03:12):
the reef awk of Greece, so the reef off of Australia.
But get the club all right, And and yet it
happened to me. And thank God though I lived to
be the age where I can make these changes in
my life. That's right, because so many of us have
traveled the world and never seen any of this, and
never seen anything in the world. And we did it.
You know. It's the old you know, I don't want

(01:03:34):
to show my age, but instacts in the Graydlin silverspoon
man in the moon when you know, he saw his
sun and his son grew up to be just like
him and he realized what the hell just happened? Well, listen,
I am, I am. I had so much that I
gotta go back now and digest from this, from all
these special moments, from the things that if people don't,

(01:03:56):
if they're not moving too fast and they really think
about the depth of this coversation, opposite, they can follow
you on, you know, and we'll go. I'll drop all
your social media in here and all that. But from
the points of you know, watchful, the information is coming
from and be very aware of those moments that are
going to present themselves to the working on somebody else's

(01:04:16):
job and or don't quit your day job, or don't
take the flat side of the mountain to asking elders
in different aspects of life, to completing and rounding off
who you are, because success is not determined by what
the public may see are Do you feel well rounded?
Do you feel like all the aspects in your life

(01:04:38):
are are really in shape to the four things that
that elder is shared with you that you know while
she was, you know, spending the last couple of days
on this planet to share with you that you shared
with us all to everything else. So I mean, thank
you so much, Nelly for having this time with me.
Every time that I'm with you, I learned so much.

Speaker 3 (01:05:00):
Go there.

Speaker 1 (01:05:00):
I love that you're a guy that loves to go
deep and you know what, and I think these are
important conversations. And as I said, we're craving to go deep.

Speaker 2 (01:05:11):
I think we are, we are, we are so for
everybody else water Where where can we find you? Nelly?
On your social media is Nelly Golan right n E
L y g A.

Speaker 3 (01:05:20):
L A n n E L Y G A L
A N.

Speaker 2 (01:05:25):
All right, I remember, get the book. Uh, it's already
find me if you.

Speaker 3 (01:05:29):
Go on Instagram and you'll find all the other ways to.

Speaker 2 (01:05:31):
Find absolutely well. I appreciate you. Thank you for sharing
this moment with us, and sharing a whole bunch of
moments with everybody else and making sure that now my
head's gonna explode because I have to go back and
rethink life again, which is great about basically going back
and taking inventory.

Speaker 1 (01:05:50):
God kiss to you, and I hope to see you
sooner Miami.

Speaker 2 (01:05:52):
I will see you in Miami, and I love you.

Speaker 3 (01:05:54):
I love you too.

Speaker 2 (01:06:04):
That Moment with Damon John 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 show and don't forget
to subscribe to and rate the show. And of course,
you can all connect with me on any of my

(01:06:25):
social media platforms. At the Shark, Damon spelled like Raymond,
but what a d